CBI Daily Currency Auction - Sunday - 25 January 2015

[ronscarpa]

Currency Auctions

Announcement No. (2872)

The latest daily currency auction was held in the Central Bank of Iraq on Sunday, the 25-1-2015. 
The results were as follows:

DETAILS ........................ & .................... NOTES

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Number of banks                                        12
Auction price selling dinar / US$                   1166
Auction price buying dinar / US$                   -----
Amount sold at auction price (US$)               97,918,000
Amount purchased at Auction price (US$)       -----
Total offers for buying (US$)                        97,918,000
Total offers for selling (US$)                        -----

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 (19.73 million) dollars and the quantity sold in the amount of remittances (78.188 million) dollars.

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

[skrappyone]

very low numbers.  thanks

[yota691]

Thanks Ron...  Central bank sales in the auction today of $ 97 million

Sunday, January 25 2 / January 2015 14:25

 

 

[baghdad-where]

 

Reached central bank sales in the auction sale of foreign currencies on Sunday more than $ 97 million.

 

According to a statement of the bank received by all of Iraq [where] a copy of the "amount sold by the bank the size of today's auction at the price of the dollar stood at 97 million and 918 thousand dollars at the exchange rate in 1166 dinars to the dollar and with the participation of 12 banks."

 

He pointed out that "the quantity sold in cash amounted to 19 million and 730 thousand dollars, and the quantity sold Khawwalat amounted to 78 million and 188 thousand dollars."

 

The statement said that "the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars," adding that "the sale of remittances price 1187 JD / dollar, including the commission of the Central Bank of 21 dinars per dollar, with total cash sales price of $ 1190 JD / dollar, including thecommission Bank Central of 24 dinars per dollar. "

 

The statistical interview [where] about central bank sales of the dollar last year 2014 amounted to 49 billion, 579 million and 738 000 Dolar.anthy

Read more: http://dinarvets.com/forums/index.php?/topic/195305-central-bank-sales-in-the-auction-today-of-97-million/#ixzz3PqVeTU7M

[captl1]

Needs to keep going down. Doc31 where are you??

[TQueezy]

Aren't these historically low on Sundays?

[captl1]

No

[vietnam1969]

If my math on this is correct in calculating their profit on this amount-- $97,918,000  it is running close to $2,000,000 dollars.  To me this is not bad considering they hold these auctions somewhat on a daily basis and the amount varies from auction to auction. If I am wrong will someone correct me on this.  This alone amounts to over $700,000,000 per year. 

Edited January 25, 2015 by vietnam1969

[wshflthnkn]

I would like to see it continue to go down

[Markinsa]

Maybe they see the value of the Dinar going up and are holding on to it, instead of buying dollars.

 

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