Surge in the demand for dollar on Thurs.

BAGHDAD / IraqiNews.com: Demand for the dollar dramatically increased in the Central Bank of Iraq (CBI) auction on Thursday, reaching $202.555 compared to $119.770 million in the previous session. “The demand hit $56.940 million in cash, covered by the bank at an exchange rate of 1,176 Iraqi dinars, and $145.615 million in foreign transfers outside the country, covered 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 18 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)/SR 1

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