Demand for dollar soars in CBI’s auction

BAGHDAD / IraqiNews.com: Demand for the dollar was significantly higher in the Central Bank of Iraq’s (CBI) auction on Monday, registering at $141.990 million, compared to $60 million on Sunday at an exchange rate of 1,170 Iraqi dinars per dollar. “The demand hit $1 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $140.990 million in foreign transfers outside the country covered by the bank at an exchange rate of 1,173 Iraqi dinars per dollar, according to a CBI news bulletin received by IraqiNews.com news agency. None of the 15 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SH (P)/SR 1