Dollar sales slashed by more than half

BAGHDAD / IraqiNews.com: Demand for the dollar significantly dropped in the Central Bank of Iraq’s (CBI) auction on Sunday, reaching $73.540 compared to $186.725 million in the previous session. “The demand hit $49.730 million in cash, covered by the bank at an exchange rate of 1,176 Iraqi dinars, and $23.810 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 17 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