Surge in CBI dollar sales on Mon.

BAGHDAD / IraqiNews.com: The Central Bank of Iraq’s (CBI) dollar sales increased significantly in its daily auction on Monday to reach $212.665 million compared to $50.250 million during the previous session. “The demand hit $9.380 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $203.285 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 Iraqi News. None of the 16 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