Replies to post #6797 on Iraqi Dinar Discussion Board (IQD)

[RICK C]

Demand for dollar up, exchange rate down in Iraqi daily auction
By Dergham Mohammed Ali

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Baghdad, 01 May 2007 (Voices of Iraq)

Demand for the dollar was up in the Iraqi Central Bank’s daily auction on Monday, reaching $68.210 million compared with $51.530 million on Sunday, while the dollar exchange rate went down.

In its daily statement the bank said it had covered all bids, which included $13.670 million in cash and $54.540 million in foreign transfers, at an exchange rate of 1,269 dinars per dollar, one tick lower than yesterday.

Seventeen banks that participated in Monday's auction offered to sell one million dollars. The bank bought them all at an exchange rate of 1,267 dinars per dollar.

Abdul-Razzaq al-Abaiji