Lower demand for the dollar on Tues.

BAGHDAD / IraqiNews.com: Demand for the dollar was down in the Central Bank of Iraq’s (CBI) auction on Tuesday, reaching $168,735 million at a stable exchange rate of 1,172 Iraqi dinars. The demand reached $43.735 million in cash, covered by the bank at an exchange rate of 1,178 Iraqi dinars, and $125 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 14 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