CBI Daily Currency Auction - Tuesday, 1 September 2015

[ronscarpa]

Currency Auctions

Announcement No. (3026)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on Tuesday, 1/9/2015 and the results were as follows: 

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

Number of banks                                           20
Number of remittance companies                     6
Auction price selling dinar / US$                      1166
Auction price buying dinar / US$                      -----
Amount sold at auction price (US$)                  176,164,831
Amount purchased at Auction price (US$)          -----
Total offers for buying (US$)                           176,164,831
Total offers for selling (US$)                           -----

Additionally:

1. the quantity sold to banks from the date of 01.04.2015 until 09.01.2015 (29,045,640,933) dollars.
2. Quantity sold to banks from the date of 01.04.2014 until 09.01.2014 (34,347,862,000) dollars.
3. Note that:
   * Sarabie amounts transferred to accounts in banks abroad (1187) dinars per dollar, including the commission of the

     Central Bank of $ 21 dinars per dollar.
   * Cash sales price (1190) dollars Danarlkl including the commission of the Central Bank of $ (24) dinars per dollar.

[yota691]

New low for today's auction of central bank sold $ 176 million

History of edits:: 2015/9/1 17:22 • 1 visits readable

[baghdad-where] 
recorded central bank sales, on Tuesday, in the auction for the sale of foreign currency, reaching a new low of $ 176 million after the sale also fell yesterday $ 193 million.

According to a statement of the bank, the agency received all of Iraq [where] a copy of "The size of the amount sold today by the bank at the auction of the dollar stood at 176 million and 164 thousand and $ 831, priced at 1166 dinars exchange rate to the dollar, and with the participation of 20 banks and six companies of the financial convert" . 
He pointed out that "the amount of remittances and credits amounted to 154 million 892 thousand, and $ 831, while the quantity sold in cash 21 million and 272 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 of 1187 dinars / dollar, including the commission of the Central Bank of $ 21 dinars per dollar, with total cash sales price of the dollar in 1190 dinar / dollar, including the commission of the Central Bank of $ 24 dinars per dollar. 
"and raised suspicions of corruption and operations of laundering money through the central bank auction where announced , specialized issues of integrity and economic crime and money laundering a misdemeanor court, on August 20 this issuance provisions of imprisonment and a fine against officials in the Rafidain and North after being convicted on charges of corruption and money laundering, a banner earlier in the presence of 20 defendants in this some issues largely Chairman . 
"The Supreme Federal Court, announced on the sixth of July, several articles unconstitutional in budget 2015 law, including Article 50, the judge to" compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed 75 million dollar a day. 
"with the exception of Governor of the Central Bank and the Agency on the Keywords, the court's decision as" came in accordance with the Constitution and the Law on the Central Bank, which is a great importance because of its impact in promoting and supporting the independence of the Bank and remove him from influencing the policies and decisions ".anthy

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