CBI’s dollar sales double on Tues.

BAGHDAD / IraqiNews.com: Demand for the dollar doubled in the Central Bank of Iraq (CBI) auction on Tuesday, reaching $173.460 million compared to $83.665 million in the previous session. “The demand hit $57.245 million in cash, covered by the bank at an exchange rate of 1,176 Iraqi dinars, and $116.215 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 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) 1