Dollar demand down in CBI auction

BAGHDAD / IraqiNews.com: Demand for the dollar dropped at the Central Bank of Iraq’s (CBI) auction on Sunday, reaching $67.295 million compared to 120.455 million during the previous session. The demand reached $29.690 million in cash, covered by the bank at a stable exchange rate of 1,179 Iraqi dinars, and $37.605 million in foreign transfers outside the country covered by the bank at a stable exchange rate of 1,176 Iraqi dinars per dollar, according to a CBI news bulletin. None of the 14 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SS (P) 1