Dollar demand up

BAGHDAD / IraqiNews.com: Demand for the dollar rose at the Central Bank of Iraq (CBI) auctions on Monday, registering $183.785 million compared to $68.835 million during the previous session. The demand hit $45.055 million in cash, covered by the bank at a stable exchange rate of 1,181, and $138.730 million in foreign transfers outside the country covered by the bank at a stable exchange rate of 1,178 Iraqi dinars per dollar, according to a CBI news bulletin. None of the 14 banks that participated in this week’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. AmR (P) 1