CBI Daily Currency Auction - Thursday - 26 November 2015

[ronscarpa]

 HAPPY THANKSGIVING DAY Everyone....May GOD Bless You All..!

 

**************************************************************************************************

 

 

 

 

Currency Auctions
Announcement No. (3082)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on

Thursday, 26/11/2015  and the results were as follows: 

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

Number of banks                                       23
Number of remittance companies               18
Auction price selling dinar / US$                 1166
Auction price buying dinar / US$                 -----
Amount sold at auction price (US$)             223,269,000
Amount purchased at Auction price (US$)    -----
Total offers for buying (US$)                      223,269,000
Total offers for selling (US$)                       -----

Additionally:

1. Quantity sold to banks from the date of 01.04.2015 until 11.26.2015 (40,481,631,214) dollars.
2. Quantity sold to banks from the date of 01.04.2014 until 11.26.2014 (47,380,784,000) 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.

[djgabrielie1]

If they are getting 200+m USD per day, what makes me think that they will ever put value into their own currency again? We need to see this go down to the 2015 Budgeted amount of 75k/day.

[tandy]

Ron, Happy Thanksgiving to you too! I've been awol for awhile...lol

[calkid11]

Thank you Ron

[sandfly]

THANKS