| 2008: Hike in demand for dollar at daily dinar auction |
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March 24, 2008 Demand for the dollar was up in the Iraqi Central Bank's auction on Monday, registering at $120.280 million compared to $46.135 million on Sunday. "The demand hit $11.055 million in cash and $109.225 million in money transfers outside the country, all covered by the bank at an exchange rate of 1,207 Iraqi dinars per dollar, unchanged for the second session in a row, " according to the central bank's daily bulletin which was received by Aswat al-Iraq- Voices of Iraq- (VOI). The 17 banks that participated in the auction offered to sell 1.5 million dollars, which the bank bought all at a rate of 1205 dinars per dollar. Speaking to VOI, Ali al-Yasseri, a trader, said that remittances were high in today's session raising the overall demand for the dollar. Source: Voices of Iraq |