Tag Archives | Dollar Auctions

Big Fines for Dinar Auction Fraud

By John Lee. Iraq's Commission of Integrity has revealed that it has concluded cases resulting in fines of more than 245 billion dinars ($206 million) on private banks, due to violations relating to customs licences and foreign currency auction instructions for 2012. The CoI mentioned that one of these corruption cases related to a private […]

Central Bank Increases Dollar Price at Auctions

By Simon Kent. Iraq's Central Bank have increased the price of dollars sold to currency exchange companies and banks in a bid to boost government revenues. The price of a dollar is now up 16 Dinars, or 1.37%, meaning the sale price is now¬†1,182 Dinars per dollar, where it was previously 1,166 dinars for a […]