Sixteen banks participated in Tuesday’s auction and offered to sell two million dollars, which the bank bought all at 1286 iraqi dinars per dollar.
Economist Abdul-Razzaq Sadeq al-Abaiji told the independent news agency Voices of Iraq (VOI) "the exchange rate was stable for more than a week now leading traders to offer selling dollars in today's auction."
Abaiji added "the offers to sell dollar encouraged the Central Bank to covers all bids for dollar in Tuesday's session."
On Monday, the Central Bank failed to cover bids made in its daily auction for dollar resulting in a decline in the demand ceiling to less than $34 million.(Source)Azaman