Lower demand for dollar in CBI auction

BAGHDAD / IraqiNews.com: Demand for the dollar went down at the Central Bank of Iraq (CBI) auction on Wednesday, registering at $144.996 million, compared to more than $178.15 million in the previous session. “The demand hit $25.390 million in cash, covered by the bank at an exchange rate of 1,181 Iraqi dinars per dollar; and $119.606 million in foreign transfers outside the country at an exchange rate of 1,178 Iraqi dinars per dollar,” an official source from the bank told IraqiNews.com. None of the 16 banks that participated in the session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SH (P) 1