| 2008: Slight increase in the demand for the dollar on Monday |
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May 26, 2008 Demand for the dollar was slightly up in the Iraqi Central Bank's auction on Monday, reaching $67.120 million compared to $40.630 million on Sunday. "The demand hit $3.870 million in cash and $63.250 million in foreign transfers outside the country, all covered by the bank at a stable exchange rate of 1,198 Iraqi dinars per dollar," according to the central bank's daily bulletin which was received by Aswat al-Iraq - Voices of Iraq - (VOI). The 14 banks that participated in the auction offered to sell $150,000, which the bank bought at an exchange rate of 1,196 dinars per dollar. The Iraqi Central Bank runs a daily auction from Sunday to Thursday. Source: Voices of Iraq |