| 2008: Demand for the US Dollar rises in Iraqi Dinar Auction |
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June 25, 2008 Demand for the dollar went up further in the Iraqi Central Bank's auction on Tuesday, reaching $165.140 million compared to $86.175 million on Monday. "The demand hit $18.07 million in cash and $147.07 million in foreign transfers outside the country, all covered by the bank at an exchange rate of 1,196 Iraqi dinars per dollar," according to the central bank's daily bulletin, which was received by Aswat al-Iraq - Voices of Iraq - (VOI). None of the 14 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 |