CBI Daily Currency Auctions - Monday, 8 April 2014

[ronscarpa]

Currency Auctions
Announcement No. (2645)

The latest daily currency auction was held in the Central Bank of Iraq on Monday, the 7th-Apr-2014  results were as follows:

DETAILS ------------------&---------------- NOTES

Number of banks --------------------------- 19
Auction price selling dinar / US$ --------- 1166
Auction price buying dinar / US$ -------- -----
Amount sold at auction price (US$) ------ 269,587,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) -------------- 269,587,000
Total offers for selling (US$) -------------- -----

Exchange rates

 

This is an unusually high Auction for the number of banks attending. It averages almost $14.189 million per bank...!   

[skeetdog]

Thanks Ron...This's gettin' more confussin' by the moment...which way is up???

[SocalDinar]

40 % of this auction was CASH.  Just under $110 Million

 

Thanks Ron

[captl1]

Getting closer!

[TQueezy]

So much cash… and to member banks participating in auctions and possibly licensed currency traders on the street. So, going straight into the hands of the Iraqi citizens?

Or just used in business deals and trades. If going into hands of common citizens, It may mean dinar is extra scarce as well as dollars disappearing quick.

These people need to learn how to electronically bank.

Now if the energy minister would just keep electricity on 24/7…

[sandfly]

THANKS

[calkid11]

Thank you