The Iraq Central Bank sold more than 110 million dollars in the auction of foreign currencies
October 20, 2008
The bulletin issued by the Central Bank, clarified that the total volume of demand for the dollar hit 110 million and 620 thousand dollars distributed by 60 million and 325 thousand dollars in cash covered by the bank with exchange rate of 1182 dinars to the one dollar, while the value of remittances outside the country reached 50 million and 300 thousand dollars covered by the bank with Exchange rate of 1179 dinars to the one dollar.
The bulletin noted that the 13 banks participating in the auction did not make offers to sell the dollar.
The central bank holds five meetings weekly for the sale and purchase of foreign currencies.
(Source)AlSaba