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CBI Daily Currency Auctions - Tuesday, 8 July 2014


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Currency Auctions
Announcement No. (2717)


The latest daily currency auction was held in the Central Bank of Iraq on Tuesday,the 08-07-2014. 
The results were as follows:

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

Number of banks --------------------------- 7
Auction price selling dinar / US$ --------- 1166
Auction price buying dinar / US$ --------- -----
Amount sold at auction price (US$) ------ 61,162,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) -------------- 61,162,000
Total offers for selling (US$) -------------- -----

Exchange rates
 

This has been one of the lowest Auctions I can remember in the last two years...!  :confused2: 

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Do ya think the banks are running out of dinar to buy the dollars ?

Think about it

The Kurds have been cut out of the budget for 7 months

That's a lot of dinar that isn't out there circulating

Not sure how much dinar is channeled to the Sunnis right now

The only dollars coming into Iraq are going to the mof central govt thru the oil ministry

So ?

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