Tuesday, June 17, 2008

Demand for dollar down in daily auction

Baghdad, 15 May 2008

Demand for the dollar was down in the Iraqi Central Bank's auction on Wednesday, registering at $134.695 million compared to $157.795 million on Tuesday.

"The demand hit $6.935 million in cash and $127.760 million in money transfers outside the country, all covered by the bank at an exchange rate of 1,200 Iraqi dinars per dollar, stable for the fifth consecutive session" 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.

Speaking to VOI, Ali al-Yasseri, a trader, said that although the demand in today’s session was down, it remained relatively high.

The Iraqi Central Bank runs a daily auction from Sunday to Thursday.

Last Updated ( Thursday, 15 May 2008 )

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