Dollar demand up in daily auction

BAGHDAD / IraqiNews.com: Demand for the dollar went up at the Central Bank of Iraq (CBI) auction on Tuesday, registering $ 211.670 million compared to $204.085 million in the previous session. “The demand hit $39.200 million in cash, covered by the bank at an exchange rate of 1,181 Iraqi dinars and $172.470 million in foreign transfers outside the country covered by the bank at an exchange rate of 1,178 Iraqi dinars per dollar. 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