Dollar demand down in CBI auctions this week

BAGHDAD / IraqiNews.com: Demand for the dollar went down at the Central Bank of Iraq (CBI) auctions this week, registering $782.580 million, compared to $820.906 million in the previous week. The demand hit $164.590 million in cash, covered by the bank at an exchange rate of 1,180 and $617.990 million in foreign transfers outside the country covered by the bank at a stable exchange rate of and 1,177 Iraqi dinars per dollar. None of the banks that participated in this week sessions offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SH (P) 1