| 2008: Demand for the dollar up on Monday Iraq Dinar Auction |
|
June 9, 2008 Demand for the dollar was higher in the Iraqi Central Bank's auction on Monday, reaching $84.635 million compared to $60.170 million on Sunday. "The demand hit $18.795 million in cash and $65.840 million in foreign transfers outside the country, all covered by the bank at a stable exchange rate of 1,197 Iraqi dinars per dollar," according to the central bank's daily bulletin which was received by Aswat al-Iraq - Voices of Iraq - (VOI). The 16 banks that participated in the auction offered to sell $100,000, which the bank bought at an exchange rate of 1,195 dinars per dollar. The Iraqi Central Bank runs a daily auction from Sunday to Thursday. Source: Voices of Iraq |