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Tag Archives | Dollar Auctions

Big Fines for Dinar Auction Fraud

By on 16th December 2019 in Iraq Banking & Finance News, Security

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 on 21st December 2015 in Iraq Banking & Finance News

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 […]