| 2007: Higher demand for dollar, exchange rate stable in daily auction |
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05/18/07 Demand for the dollar was higher in the Iraqi Central Bank’s daily auction on Thursday, reaching $61.800 million compared with $56.830 million on Wednesday, while the dollar exchange rate was stable. In its daily statement the bank said it had covered all bids, which included $16.770 million in cash and $45.030 million in foreign transfers, at an exchange rate of 1,260 dinars per dollar, the same as yesterday. None of the 16 banks that participated in Thursday's auction offered to sell dollars. Ali al-Yasseri, a trader at the auction, told VOI "the demand for the dollar was higher because this is the closing session of the week and the stable exchange rate has led to an increase in demand to buy dollars." The Iraqi Central Bank runs a daily auction from Sunday to Thursday. Source: Voice of DinarBanker - The Number One Source for Buying and Selling Iraqi Dinar. We ship Iraqi Dinar all over the world and are Registered with the United States Treasury Department and Better Business Bureau. Be sure to tell your friends and colleagues that DinarBanker is the number one source for buying and selling Iraqi Dinar Worldwide. |