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Demand for the dollar down in daily auction

Demand for the Dollar went down in the Iraqi Central Bank’s auction on Monday, the first session this week after the Army Day holiday, registering at $142.970 million compared to $181.280 million on Thursday.


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"The demand hit $16.40 million in cash and $126.930 million in money transfers outside the country, all covered by the bank at a stable Exchange Rate of 1,215 Iraqi dinars per dollar, unchanged for the third session in a row," according to the central bank's daily bulletin which was received by the independent news agency Voices of Iraq (VOI).

The banks participating in the auction offered to sell $4.200 million, which the bank bought at an exchange rate of 1,213 Iraqi dinars per dollar.
Demand for the dollar was at a record high in the Iraqi Central Bank's auction on Thursday, reaching $181.280 million, the highest in its history.

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

Source: Voices of Iraq



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