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Central auction for the dollar recorded a new low today is the lowest since the week


yota691
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History of edits:: 08/02/2016 15:08 • 40 visits readable
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[baghdad-where] 
it recorded sales of the Iraqi Central Bank, on Monday, a new low in the weekly auction for the sale of foreign currency sessions, selling $ 114 million after yesterday sold $ 118 million, which is the lowest sales recorded by the Bank of weeks ago.
According to a statement of the bank, the agency received all of Iraq [where] a copy of "The amount sold volume today reached 114 million, and 525 thousand dollars at 1182 dinars exchange rate against the dollar, and with the participation of 23 banks and 18 financial transfer company." 
He pointed out that "the size of the sums remittances and credits amounted to 100 000 600 thousand dollars, while the quantity sold in cash 13 million, 925 thousand dollars. " 
the statement said that" the amounts transferred to the accounts of banks selling abroad is priced at 1190 dinars per dollar, and the cash sales price shall be the price of 1182 dinars per dollar. . " 
The statistics of the Central Bank of Iraq reported the sale of the bank more than $ 3.3 billion during the month of December Almadi.anthy

 

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Tapering off the auctions to a nominal level before completely stopping the auctions may be a good thing.  If the auctions were tapered off at 4 million USD per day, it would take about 30 trading days to get to 0.  At five trading days per week, the end of the auctions would nominally be around Sunday, March 20.

 

With the new banking systems being implemented, the currency auction may have to be stopped.  The currency auction cessation may occur the same time the new Iraqi banking system switch is flipped on.  Without knowing the specifics, and the new banking system has been worked on for 10 years, the news articles and reduced CBI dollar auctions may be indicating the new banking system will come on line soon.

 

Hopefully real soon like within the next six weeks!

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Market Price

Auction Price

Volume (000 USD)

Cash

Remittances and Credits

2016

01-Jan

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

02-Jan

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

3107

03-Jan

1,224

1,182

153,336,000

16,020,000

137,316,000

3108

04-Jan

1,224

1,182

160,116,046

23,990,000

136,126,046

3109

05-Jan

1,224

1,182

161,737,563

20,640,000

141,097,563

06-Jan

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

3110

07-Jan

1,228

1,182

160,687,815

19,330,000

141,357,815

08-Jan

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

09-Jan

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

3111

10-Jan

1,233

1,182

145,512,000

4,090,000

141,422,000

3112

11-Jan

1,238

1,182

167,786,023

25,800,000

141,986,023

3113

12-Jan

1,241

1,182

171,178,000

31,540,000

139,638,000

3114

13-Jan

1,243

1,182

213,663,000

23,310,000

190,353,000

3115

14-Jan

1,243

1,182

201,219,926

30,070,000

171,149,926

15-Jan

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

16-Jan

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

3116

17-Jan

1,233

1,182

172,403,000

22,590,000

149,813,000

3117

18-Jan

1,235

1,182

149,901,714

26,200,000

123,701,714

3118

19-Jan

1,240

1,182

135,279,379

18,220,000

117,059,379

3119

20-Jan

1,240

1,182

179,922,952

19,450,000

160,472,952

3120

21-Jan

1,240

1,182

168,893,166

17,610,000

151,283,166

22-Jan

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

23-Jan

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

3121

24-Jan

1,240

1,182

164,175,000

18,940,000

145,235,000

3122

25-Jan

1,234

1,182

162,157,679

30,540,000

131,617,679

3123

26-Jan

1,235

1,182

157,930,094

22,160,000

135,770,094

3124

27-Jan

1,234

1,182

153,493,843

27,500,000

125,993,843

3125

28-Jan

1,234

1,182

144,002,000

24,100,000

119,902,000

29-Jan

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

30-Jan

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

3126

31-Jan

1,234

1,182

140,700,000

20,800,000

119,900,000

3127

01-Feb

1,234

1,182

154,530,043

30,700,000

123,830,043

3128

02-Feb

1,234

1,182

149,036,457

21,540,000

127,496,457

3129

03-Feb

1,236

1,182

145,982,444

22,750,000

123,232,444

3130

04-Feb

1,236

1,182

138,559,667

17,370,000

121,189,667

05-Feb

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

06-Feb

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

NO AUCTION

3131

07-Feb

1,236

1,182

118,500,000

9,800,000

108,700,000

3132

08-Feb

1,236

1,182

114,525,000

13,925,000

100,600,000

                               

 

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Tapering off the auctions to a nominal level before completely stopping the auctions may be a good thing. If the auctions were tapered off at 4 million USD per day, it would take about 30 trading days to get to 0. At five trading days per week, the end of the auctions would nominally be around Sunday, March 20.

With the new banking systems being implemented, the currency auction may have to be stopped. The currency auction cessation may occur the same time the new Iraqi banking system switch is flipped on. Without knowing the specifics, and the new banking system has been worked on for 10 years, the news articles and reduced CBI dollar auctions may be indicating the new banking system will come on line soon.

Hopefully real soon like within the next six weeks!

If thy anticipated prediction be right Synosis .. I would even consider taking you to lunch.. Lol ..

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If thy anticipated prediction be right Synosis .. I would even consider taking you to lunch.. Lol ..

That it will be soon..

 

Shooooo, I got him on any whiskey drinks of his choosing for the whole entire week if the RV hits as predicted!!  :backflip:  :cheesehead:

Edited by Freedomwish
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