CBI Daily Currency Auction - Tuesday, 21 Sept. 2015

[ronscarpa]

The Title should read: CBI Daily Currency Auction - Tuesday, 22 Sept. 2015

 

Currency Auctions
Announcement No. (3041)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on Tuesday, 22/9/2015 and the results were as follows:

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

Number of banks                                        29
Number of remittance companies                  11
Auction price selling dinar / US$                   1166
Auction price buying dinar / US$                   -----
Amount sold at auction price (US$)               207,554,813
Amount purchased at Auction price (US$)       -----
Total offers for buying (US$)                        207,554,813
Total offers for selling (US$)                        -----

Additionally:

1. Quantity sold to banks from the date of 01.04.2015 until 09.22.2015 (31,892,484,937) dollars.
2. Quantity sold to banks from the date of 01.04.2014 until 09.22.2014 (37,735,474,000) 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.

Edited September 22, 2015 by ronscarpa

[freeroy]

Does this mean they have sold OVER 407 trillion dinar in the last 1  1/2 years?  If so, how can they even think about rv at even 1 cent let alone 1 dollard everyone is praying for. Where am I out in the boonies on this.  Can anyone make me understand?

Thanks