Although the Central Bank of Iraq website is still down, apparently the auctions did take place this morning.
From Asway al-Iraq website: Demand for the dollar dropped today, down to 124.950 million from 135.513 million yesterday. Exchange rate stayed consistent at 1176 IQD per USD.
Per usual, none of the participating banks offered to sell USD. And the beat goes on.
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Please keep in mind this is a summary of a translation – certain things may get lost in the course. We at DinarSpeculation wish to provide valuable informations that you can determine signficance from.
V.P. al-Hashemi states that certain politicians are highly overpaid and calls on them to set an example by taking paycuts. He is calling for all monies spent to be publicly accounted for.
Read the full translated article here.
Posted in Iraq news, Iraqi Banking related, Iraqi Politics | Comments Off
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