NASDAQ Run''s

[Arctec]

Voices of Iraq: Iraq-Currency
كتب: saleem في يوم الأحد, 11 مارس, 2007 - 06:18 PM BT

Iraq-Currency
Demand for dollar down as new policy expected in Central Bank auction
By Dergham Mohamed Ali
Baghdad, March 11, (VOI) – Demand for the dollar was down in the Iraqi Central Bank’s daily auction on Sunday, reaching $45.395 million, compared with $54.145 million on Thursday, amid expectation of a new policy to sell dollars.
In its daily statement, the bank said it had covered all bids, which included $8.845 million in cash and $36.550 million in foreign transfers, at an exchange rate of 1,279 dinars per dollar, unchanged from Thursday.
None of the 10 banks that participated in Sunday's auction offered to sell dollars.
Abdul-Razzaq al-Abaiji, an economist, told VOI "the decline in today's demand for the dollar was due to the expectation that a new policy will be adopted by the Central Bank to raise the dollar exchange rate in upcoming sessions."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday

http://www.aswataliraq.info/modules.php?op=modload&name=News&file=article&sid=39177&...