Dollar, euro slightly down in Iraqi markets

Dollar, euro slightly down in Iraqi maarkets
Baghdad, 08 February 2008

The U।S. dollar was down against the Iraqi dinar in local markets in Baghdad and Arbil on Thursday, at 1,224, compared to 1,225 on Wednesday in the Iraqi capital.

The buying price in Baghdad hit 1,222 dinars per dollar, compared to 1222।5 yesterday.In Iraq's southern province of Basra, the dollar maintained its yesterday's selling price of 1,223, while the buying price rose to 1222.75, compared to 1222.5 on Wednesday.

In Arbil, the capital of Iraq's Kurdistan region, the selling and buying prices declined to 1224।50 and 1,223 respectively compared to 1,226 and 1,225 on Wednesday.

For the second day in a row, the euro dipped versus the dinar, hitting 1,790 for the selling price compared to 1,800 yesterday. The buying price also dropped to 1,780 today.

Other currencies, including the sterling, Jordanian dinar, Saudi riyal, and Lebanese pound were stable against the Iraqi dinar and were as follows:
1 British pound = 2,405 IQD (selling price), 2,390 IQD (buying price).
1 Jordanian dinar = 1,729 IQD (selling price), 1,675 IQD (buying price).
1 Saudi riyal = 330 IQD (selling price), 300 IQD (buying price).
1 Syrian pound = 24 IQD (selling price), 23।5 IQD (buying price).
1 Lebanese pound = 700 IQD (selling price), 650 IQD (buying price).

The Kuwaiti dinar, however, was up for the second consecutive day against the Iraqi dinar at 4,480 for the selling price, compared to 4,478 yesterday.

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