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Wednesday, May 18, 2011

iraqi dinar news today may 18 2011 rumors rv

iraqi dinar news today may 18 2011 rumors rv : The latest daily currency auction was held in the Central Bank of Iraq on the 18-MAY-2011. The results were as follows:

Details Notes
Number of banks 18
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$ ) 209,982,000
Amount purchased at Auction price (US$ ) —–
Total offers for buying (US$ ) 209,982,000
Total offers for selling (US$ ) —–

iraq Banking & Finance news today may 18 2011

Citigroup Hires Diplomat to Spearhead Iraq Expansion
Bloomberg reports that Citigroup, the U.S. bank which earns about a $1 billion in revenue from the Middle East, has hired a former U.S. diplomat to oversee its team in Iraq as the holder of the world’s fourth-biggest oil reserves rebuilds its economy.

New Investment in Iraq’s Marshes
The Marsh areas extend over the provinces of Basra, Missan, and Dhi Qar, and cover 8,500 square kilometers. Fadhil added that the investment in tourism includes establishing an overall area to be called “Eden Paradise” in the center where the marshes, with a space of 25,000 square meters with an approximate cost of 10 million dollars [12 billion Iraqi dinars].

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