CBI dollar sales increase

BAGHDAD / IraqiNews.com: Demand for the dollar increased in the Central Bank of Iraq (CBI) auction on Thursday, hitting $186.725 million at a stable exchange rate of 1,170 Iraqi dinars (ID) per dollar, compared to $101.215 million. “The demand hit $36.240 million in cash covered by the bank at an exchange rate of ID1,176, while foreign transfers outside the country registered $150.485 million compared covered at an exchange rate of ID1,173,” according to a CBI news bulletin received by IraqiNews.com news agency. None of the 16 banks that participated in today’s sessions offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. AmR (P) 1