CBI Daily Currency Auction - Wednesday, 28 January 2015

[ronscarpa]

Currency Auctions
 

Announcement No. (2875)

 

The latest daily currency auction was held in the Central Bank of Iraq on Wednesday, the 28-1-2015. 
The results were as follows:
 

DETAILS                           &                         NOTES

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Number of banks                                           10
Auction price selling dinar / US$                     1166

Auction price buying dinar / US$                     -----

Amount sold at auction price (US$)                 40,151,000

Amount purchased at Auction price (US$)       -----

Total offers for buying (US$)                            40,151,000

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 (32.13 million) dollars and the quantity sold in the amount of remittances (8.021 million) dollars.

 

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

 

This is one of the lowest Auctions I've seen....on an average purchase per bank...RON 

Edited January 28, 2015 by ronscarpa

[Texstorm]

Thanks Ron ! This has got to be a positive sign for us.......let's pray . 

[boosterbglee]

Trending well for a lot of people if it continues! 

[yota691]

Thanks Ron...Central bank sales of the dollar falling to its lowest level in months

Wednesday, December 28 2 / January 2015 14:46

 

[baghdad-where]

 

Tumbled CBI sales, to its lowest level since several months where no more than in the auction on Wednesday 40 million and 151 thousand dollars.

 

Bank sales were in the auction yesterday, 69 million and 593 000 dollars.

 

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 the auction price of the dollar today reached 40 million and 151 thousand dollars at the exchange rate in 1166 dinars to the dollar and with the participation of 10 banks."

 

He pointed out that "the quantity sold in cash amounted to 32 million and 130 thousand dollars, and the quantity sold Khawwalat amounted to 8.021 million dollars."

 

The statement said that "the Iraqi Central Bank to continue buying and selling dollars at 1,166 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. "

 

It was noted a reduction in central bank sales index in the past few days, where no more than $ 200 million, 17 this month, since with the exception of January 20, reaching sales of $ 224 million.

 

Not yet know the cause of this decline and whether it resulted from the popularity of the auction or reduce the amount of supply of the dollar.

 

This decline also may come to coincide with the passage of Iraq in financial distress and a lack of liquidity due to reduced imports because of falling world oil prices and the government's efforts to fill in the austerity budget deficit in 2015 of 25 trillion dinars.

 

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

Read more: http://dinarvets.com/forums/index.php?/topic/195598-central-bank-sales-of-the-dollar-falling-to-its-lowest-level-in-months/#ixzz3Q8aQsLcr

[Theseus]

Although I could be wrong, after doing a cursory glance, but today was the lowest that I have seen in their records looking over their antiquated excel spreadsheet. December 2014 had an 89T amount which was the lowest it had been for awhile. Not sure when this number has been this low. 

[samtx]

I'm speechless.