| 2008: Sharp drop in demand for dollar at daily dinar auction |
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June 26, 2008 Demand for the dollar was sharply down in the Iraqi Central Bank's auction on Thursday, registering at $ 67.700 million compared to $113.970 million on Wednesday. "The demand hit $19.040 million in cash and $48.660 million in money 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 15 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 |