| 2008: Demand for dollar down in daily iraqi dinar auction |
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April 29, 2008 Demand for the dollar was down in the Iraqi Central Bank's auction on Tuesday, registering at $81.895 million compared to $132.700 million on Monday. "The demand hit $4.545 million in cash and $77.350 million in money transfers outside the country, all covered by the bank at a stable rate of 1,202 Iraqi dinars per dollar, unchanged for the seventh session running," according to the central bank's daily bulletin received by Aswat al-Iraq - Voices of Iraq - (VOI). The 15 banks that participated in the auction offered to sell 6.250 million dollars, which the bank bought at a rate of 1200 dinars per dollar. Speaking to VOI, Ali al-Yasseri, a trader, said that the remittances kept the overall demand at a relative average during today’s session. The Iraqi Central Bank runs a daily auction on Sunday through Thursday. Source: Voices of Iraq |