| 2008: Demand on dollar up in daily iraqi dinar auction |
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March 4, 2008 Demand on the dollar was up in the session of this week's Iraqi Central Bank auction on Tuesday, registering a total demand of $127.250 million compared to $74.930 million during Monday's session. "The demand hit $10.250 million in cash, the highest in a month, and $117 million in money transfers outside the country, all covered by the bank at a rate of 1,210 Iraqi dinars per dollar, stable for the 19th session in a row," according to the central bank's daily bulletin received by Aswat al-Iraq – Voices of Iraq – (VOI). Speaking to VOI, Ali al-Yasseri, a trader, said that the demand saw a rise due to the end of exceptional circumstances pertaining to the Shiite Arbaeen pilgrimage and the landmark visit by Iranian President Mahmoud Ahmadinejad to Iraq on Sunday and Monday. The Iraqi Central Bank runs a daily auction from Sunday to Thursday. Source: Voices of Iraq |