| 2008: Demand for dollar sets record in daily auction |
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July 21, 2008 Demand for the dollar set a record in the Iraqi Central Bank's auction on Monday, reaching $240.075 million compared to $113.900 million on Sunday. "The demand hit $38.535 million in cash and $201.530 million in foreign transfers outside the country, all covered by the bank at an exchange rate of 1,192 Iraqi dinars per dollar, one tick lower than yesterday," according to the central bank's daily bulletin, which was received by Aswat al-Iraq - Voices of Iraq - (VOI). None of the 15 banks that participated in the auction offered to sell dollars. The Iraqi Central Bank runs a daily auction from Sunday to Thursday. Source: Voices of Iraq |