CBI Daily Currency Auction - Tuesday, 20 January 2015

[ronscarpa]

Currency Auctions

Announcement No. (2869)

The latest daily currency auction was held in the Central Bank of Iraq on Tuesday, the 20-1-2015. The results were as follows: 

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

Number of banks ---------------------------------- 20
Auction price selling dinar / US$ ---------------- 1166
Auction price buying dinar / US$ ---------------- -----
Amount sold at auction price (US$) ------------ 224,696,000
Amount purchased at Auction price (US$) ----- -----
Total offers for buying (US$) -------------------- 224,696,000
Total offers for selling (US$) -------------------- -----

Exchange rates

1. Note That: 

* The sale of remittances Price (1187) JD / dollar, including the commission of the Central Bank in the amount of 21 dinars per dollar.
* Cash sales price of the dollar (1190) JD / dollar, including the commission of the Central Bank in the amount of 24 dinars per dollar.

2. the quantity sold in the amount of cash (18.06 million) dollars and the quantity sold transfers of $ (206 636 000) dollars.

3. The CBI will continue to sell and buy the dollar and the price (1166) and receive the same commission mentioned above.

[Texstorm]

Thanks Ron ! Well we know that the CBI is not going out of business anytime soon given those numbers. 

[SocalDinar]

Thanks Ron.

 

Not sure what caused the drop of the Mkt value since one month ago. Still 1 % down From Dec 18.

At 1215 today . It sure was nice seeing it under 1200 during the first part of December.

Edited January 20, 2015 by SocalDinar

[ronscarpa]

Thanks Ron.

 

Not sure what caused the drop of the Mkt value since one month ago. Still 1 % down From Dec 18.

At 1215 today . It sure was nice seeing it under 1200 during the first part of December.

 

You're welcome SoCalDinar...(+1) ... Unfortunately the CBI cannot control what people on the streets are willing to give for the USD. Money changers in every country gough the people however they can to maximize their profits, regardless of the official exchange rates.  I experience this everywhere I travel....the Banks are always lower than the street.   

[TQueezy]

Cash portions seem to be getting low lately. I know it doesn't necessarily indicate anything really just saying.

[yota691]

Dollar sales

 

 

         

1/21/2015 0:00 

 BAGHDAD morning 

central bank sales at auction rose Tuesday to more than $ 224 million after it reached on Monday, 166 million and 606 thousand dollars. According to a statement of the bank that "the size of the amount sold by the bank at the auction of the dollar stood at 224 million dollars at 696 000 1166 dinars to the dollar exchange rate and the participation of 20 banks." He pointed out that "the quantity sold in cash amounted to 18 million and 60 thousand dollars, and the quantity sold Khawwalat reached 206.636 million dollars."The statement said that "the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars."