Dollar sales see upsurge in daily auction

BAGHDAD / IraqiNews.com: Demand for the dollar was on the rise in the Central Bank of Iraq (CBI) auction on Sunday, reaching $169.593 million compared to $95.380 million in the previous session. “The demand hit $5.100 million in cash, covered by the bank at an exchange rate of 1,176 Iraqi dinars, and $164.493 million in foreign transfers outside the country, covered by the bank 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. AmR (P) 1