Beware of false information circulating

Baghdad, 13 Nov 2008 (Voices of Iraq)

Demand for the dollar went up at the Central Bank of Iraq (CBI) auction on Thursday, registering $ 134.070 million compared to $133 million in the previous session.
“The demand hit $37.570 million in cash, covered by the bank at an exchange rate of 1,181 Iraqi dinars and $96.500 million in foreign transfers outside the country covered by the bank at an exchange rate of 1,178 Iraqi dinars per dollar. None of the 14 banks that participated in today\\\'s sessions offered to sell dollars.

Iraq central bank decides not to cash in any Iraq dinar outside the country. Strictly enforced. Iraq locks out all dinar, outside the country, never to be cashed in as part of diplomatic inflation resolution. Law passed 11/11/08 to take affect Monday, as a fast bullet law 11/17/08.

Thanks Mike.