| 2008: Demand for the dollar down in daily auction |
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January 7, 2008 Demand for the dollar went down in the Iraqi Central Bank’s auction on Monday, the first session this week after the Army Day holiday, registering at $142.970 million compared to $181.280 million on Thursday. "The demand hit $16.40 million in cash and $126.930 million in money transfers outside the country, all covered by the bank at a stable exchange rate of 1,215 Iraqi dinars per dollar, unchanged for the third session in a row," according to the central bank's daily bulletin which was received by the independent news agency Voices of Iraq (VOI). The banks participating in the auction offered to sell $4.200 million, which the bank bought at an exchange rate of 1,213 Iraqi dinars per dollar. Demand for the dollar was at a record high in the Iraqi Central Bank's auction on Thursday, reaching $181.280 million, the highest in its history. The Iraqi Central Bank runs a daily auction from Sunday to Thursday. Source: Voices of Iraq |