CBI Daily Currency Auctions - Monday, 9 June 2014

[ronscarpa]

Currency Auctions
Announcement No. (2692)

The latest daily currency auction was held in the Central Bank of Iraq on Monday, the 9-6-2014 results were as follows:

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

Number of banks -------------------------- 15
Auction price selling dinar / US$ -------- 1166
Auction price buying dinar / US$ -------- -----
Amount sold at auction price (US$) ----- 191,808,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) ------------- 191,808,000
Total offers for selling (US$) -------------- -----

Exchange rates

[Pablo404]

The closer they get to a "RV" the higher the auctions values will be. When the people "know" a change is imminent and the 'dinar' is to be worth more than the US dollar, they will exchange even larger amounts thru the banks.

[calkid11]

Thank you