Demand for the dollar soars on Mon.

BAGHDAD / IraqiNews.com: Demand for the dollar doubled in the Central Bank of Iraq (CBI) auction on Monday, reaching $241.025 million at a stable exchange rate of 1,172 Iraqi dinars. The demand reached $51.525 million in cash, covered by the bank at an exchange rate of 1,178 Iraqi dinars, and $189.500 million in foreign transfers outside the country covered by the bank at an exchange rate of 1,175 Iraqi dinars per dollar, according to a CBI news bulletin. None of the 12 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