CBI Daily Currency Auctions - Thursday, 28 August 2014

[ronscarpa]

Currency Auctions
Announcement No. (2756)

The latest daily currency auction was held in the Central Bank of Iraq on Thursday, the 28-08-2014. 
The results were as follows:

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

Number of banks                                    18
Auction price selling dinar / US$               1166
Auction price buying dinar / US$               -----
Amount sold at auction price (US$)           193,850,000
Amount purchased at Auction price (US$)   -----
Total offers for buying (US$)                    193,850,000
Total offers for selling (US$)                    -----

[chinadawg]

 NO AUCTION NO AUCTION

2751

/

2752

24-Aug 1,212 1,166 309,143 92,005 217,138

2753 25-Aug 1,212 1,166 198,355 64,800 133,555

2754 26-Aug 1,203 1,166 225,147 88,775 136,372

2755 27-Aug 1,201 1,166 197,179 63,055 134,124

2756 28-Aug 1,201 1,166 193,850

 

 

 

As I said a few weeks ago........the CbI HAD TO GET THE SPREAD DOWN TO 2% TO QUALIFY FOR ARTICLE 8................THEY ARE NOW THERE AND HAVE BEEN FOR THE PAST 2 DAYS....................THIS WAS THE IMPORTANCE OF THESE DAILY AUCTIONS (FOR US)..........THE CBI IS READY.

[calkid11]

Thank you

[Artitech]

I like hearing that!!!

[EagleEye]

.the CbI HAD TO GET THE SPREAD DOWN TO 2% TO QUALIFY FOR ARTICLE 8.

Ron what is your thought on this ???

[chinadawg]

IMF is very clear that the spread is based on the "Official Rate" not the CBI Rate or Market Rate.  Therefore, 2% is based on either the 1179 (1202) or 1190 (1223) depending on which one you choose to use.  If 1201 is accurate, they are in IMF compliance.

[sandfly]

THANKS

[yota691]

الخميس 28 أغسطس 2014 | 03:26 مساء

Number of readings: 67

The central bank is facing a decline in the sale of foreign currency

BAGHDAD / ... sales fell Central Bank, in an auction on Thursday for the sale of foreign currency, to $ 193 million, after it reached on Wednesday, 197 million and 179 000 dollars.

According to a statement of the bank received the "eye Iraq News", a copy of the "size of the amount sold by the bank at the auction of the day the dollar stood at 193 million and 850 000 dollars at the exchange in 1166 dinars to the dollar with the participation of 18 banks."

He pointed out that "the quantity sold in cash amounted to 78 million and 580 000 dollars, and the quantity sold Khawwalat amounted to 115 million and 270 000 dollars."

The statement added that "the price of the sale of remittances in 1187 dinars to the dollar, including the commission's central bank in the amount of 21 dinars per dollar, and the cash sales price of the dollar in 1190 dinars, while the total cash sales price of the dollar in 1190 dinars to the dollar, including the commission's central bank in the amount of 24 dinars per dollar."

The statement said that "the Iraqi Central Bank continues to buy and sell at a price of 1166 dinars to the dollar and earns commissions above itself" Ended / 13