The demand for the dollar recorded a slight fallback, hitting six million and 665 thousand dollars against seven million and 300 thousand dollars last Wednesday.
The purchase orders distributed between five million and 925 thousand dollars in cash and 730 thousand dollars in the form of remittances to abroad; the bank fully covered them at an exchange rate amounted to 1325 iraqi dinar.
On their part, the six banks participating in the auction made offers to sell the dollar hit 730 thousand dollars bought by the bank in full at an exchange rate reached 1323 iraq dinar.
The economic and industrial expert, Abdul Razzaq Sadiq Al-Abayachi, described in a statement the stability of the exchange rate as a positive indication that will allow the market to restore its health and mend the damages caused by the daily and frequent drop of the exchange rates which caused transactions to lose credibility.
Al-Abayachi pointed out that the long holiday the auction will have for more than a week because of Eid Al-Adha, will allow much of the smooth circulation, without risks of the decline of the currency, and the settlement of a number of trade deals.(Source)AlSabah