Stop Fundamentalism, Friday September 07 – The 1003 daily currency auction was held at the Central Bank of Iraq yesterday, announced the ICB on its website, selling Iraqi Dinar for 1237 per US Dollar. This is a gain in value of 10 Dinars for each Dollar since the beginning of August.
According to the report, 18 banks participated in the auction.
The Iraqi Central Bank runs a daily auction from Sunday to Thursday every week.
The Iraqi financial market has opened doors to trade from other countries allowing foreign traders to participate in the Iraqi exchange market since early August.