Higher demand for the dollar in CBI auction

BAGHDAD / IraqiNews.com: Demand for the dollar went higher at the Central Bank of Iraq (CBI) auction on Monday, registering at $177.125 million, compared to over $137 million in the previous session. “The demand hit $47.705 million in cash, covered by the bank at an exchange rate of 1,179 Iraqi dinars per dollar; and $129.42 million in foreign transfers outside the country at an exchange rate of 1,176 Iraqi dinars per dollar,” according to a release issued by the CBI. None of the 13 banks that participated in the session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SS (P) 1