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12-12-2006, 02:13 PM #32031
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12-12-2006, 02:13 PM #32032
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Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq
Voices of Iraq: Iraq-Currency
Posted by: saleem on Tuesday, December 12, 2006 - 12:50 PM
Iraq-Currency
No sell offers expected as dinar rate gets higher-economist
Baghdad, Dec 12, (VOI) - The Iraqi dinar scored on Tuesday its highest exchange rate to the dollar in 2006, fetching 1,416 dinars compared to 1,419 dinars on Monday.
Demand was slightly up to $18.180 million from $18 on Tuesday, the bank said in its daily statement.
The bank covered all bids which were $8.330 million in cash and $9.850 million in foreign transfers.
None of the 11 banks that participated at Tuesday’s auction offered to sell dollars.
The economic expert Mr. Abdul-Razzaq al-Abayji told VOI “no offers to sell dollars are expected at the daily auction in the forthcoming days if the dinar exchange rate to dollar kept soaring up due to the Iraqi Central Bank policy to offer dollar for sell at a dinar exchange rate higher than that of the local market.”
Most brokers dealing with the bank daily auction, al-Abayji pointed out, depend in their earnings on the margins resulting from selling dollar at a dinar exchange rate lower than that in the local market.
one oar - posted at the same time, with the same words highlighted :)Last edited by Jola; 12-12-2006 at 02:15 PM.
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12-12-2006, 02:15 PM #32033
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12-12-2006, 02:22 PM #32034
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12-12-2006, 02:24 PM #32035
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I noticed this also as I was trying to catch up last night on all of the news. OSW knows what he's talking about and wouldn't have posted this if he wadn't sure about this info, He has ties with some KURDS over there that are friends I believe. COME ON REVAL!!!!!!!!!!!!
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12-12-2006, 02:25 PM #32036
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12-12-2006, 02:30 PM #32037
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12-12-2006, 02:37 PM #32038
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12-12-2006, 02:37 PM #32039
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12-12-2006, 02:38 PM #32040
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