The Central Bank concludes the currency auction for this week by selling more than 185 million dollars

[yota691]

Central Bank of Iraq sales of foreign currency fall 10 million USD

Total sales totaled $ 185.2 million

 

 28 January 2018 12:24 PM

Direct sales of the Central Bank of Iraq from foreign currency during the auction on Sunday, to 142.99 million dollars, compared to 153.18 million dollars last Thursday auction , down 10.19 million dollars.

The central bank said in a statement that the exchange rate was 1190 dinars per dollar in the auction held with the participation of 37 banks and 8 financial transfer companies .

The bank said the sales were the result of the auction on Monday, adding that the total sales for the day amounted to about 185.19 million dollars .

The volume of funds sold to boost bank balances abroad was about $ 141.66 million, while cash sales were estimated at $ 1.33 million .

The Central Bank said in a statement that the sale of the amounts transferred to the accounts of banks abroad is at the price of 1190 dinars per dollar, while the cash sale will be at the same price .

[Donziman]

I watch the cash sales. Thinking 1.33 million is pretty darn low. Maybe banks

see the auction closing down soon. No need for` so much cash if electronic 

transfer is starting up.

[jeepguy]

Economist say the " currency sales " is a big waste of cash from the reserves ... Can't be banking industry buying the cash , the central bank is supposed to send cash to regional banking when deposit members need other currency for travel ... Time to close the window 

[WISKY291]

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Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on January 28 registered $185,185,003 in sales, a -2.52% volume decline from the US $189,975,125 sold by Iraqi Dinar, credit and transfer at the previous auction held on January 25.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on January 28 compared to the previous auction.

Data for the January 28 auction was made public by CBI Announcement Number 3622.

Dollar sales in the in the period January 1, 2018 to January 28, 2018 saw an increase of -1% compared to the sales of US $2.8 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to January 2018, sales of US dollars averaged US $1.85 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

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[fnbplanet]

Maybe the auctions drop off a bit after the Jan. 31st deadline to submit a $100K "deposit" with the CBI/GOI.

 

(Maybe they could just END them with an RI/RV)

[markb57]

the corruption continues....

[yota691]

Central sales of foreign currency rise 7.5 million

 

Economy News _ Baghdad The Central Bank of Iraq (CBE)'s foreign exchange sales rose to $ 150.47 million from $ 142.99 million on Sunday, an increase of $ 7.48 million, the bank said in a statement . The Central Bank, in a statement obtained by "Economy News" a copy of it, the exchange rate amounted to 1190 dinars per dollar, in the auction held with the participation of 39 banks, and 8 companies for financial transfer . The bank said the sales were the result of the auction scheduled for Monday, explaining that the total sales for the day amounted to about 189.67 million dollars . Amounts sold to boost bank balances abroad were about $ 148.68 million, while cash sales were estimated at $ 1.79 million . The Central Bank said in a statement that the sale of the amounts transferred to the accounts of banks abroad at a price of 1190 dinars per dollar, while the sale of cash will be at the same price.   Views 11   Date Added 29/01/2018

[yota691]

Central Iraqi sales of foreign currency rise 6 million dollars

Total sales totaled $ 190 million

 

 30 January 2018 12:12 PM

Mubasher: Central Bank of Iraq sales of foreign currency during the auction on Tuesday, to 156.29 million dollars, compared to 150.47 million dollars on Monday, an increase of 5.82 million dollars, according to a statement of the bank.

The central bank said in a statement that the exchange rate was 1190 dinars per dollar in the auction held with the participation of 38 banks and 8 companies for financial transfer.

The bank said the sales were the result of the auction scheduled for Wednesday, explaining that the total sales for the day amounted to about 189.99 million dollars.

Amounts sold to boost bank balances abroad were $ 154.94 million, while cash sales were estimated at $ 1.35 million.

The Central Bank said in a statement that the sale of the amounts transferred to the accounts of banks abroad is at the price of 1190 dinars per dollar, while the cash sale will be at the same price.

[yota691]

Central Bank of Iraq sales of foreign currency drop 570 thousand dollars

Total sales totaled $ 170 million

 

 31 January 2018 12:40 PM

Mubasher : The Central Bank of Iraq sales of foreign currency during the auction Wednesday to 155.72 million dollars, compared with 156.29 million dollars on Tuesday auction , down 570 thousand dollars, according to a statement of the bank.

The central bank said in a statement that the exchange rate was 1190 dinars per dollar in the auction held with the participation of 37 banks and 8 financial transfer companies.

The total sales for the day were $ 169.82 million, the bank said.

The volume of funds sold to strengthen bank balances abroad was about $ 154.47 million, while cash sales were estimated at $ 1.25 million.

The Central Bank said in a statement that the sale of the amounts transferred to the accounts of banks abroad is at the price of 1190 dinars per dollar, while the cash sale will be at the same price.

[SocalDinar]

 

 

 

 

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Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on January 31 registered $169,919,883 in sales, a -10.56% volume decline from the US $189,989,620 sold by Iraqi Dinar, credit and transfer at the previous auction held on January 30.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on January 31 compared to the previous auction.

Data for the January 31 auction was made public by CBI Announcement Number 3625.

Dollar sales in the in the period January 1, 2018 to January 31, 2018 saw an increase of -1% compared to the sales of US $3.31 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to January 2018, sales of US dollars averaged US $1.88 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

YEAR	MONTH	US DOLLAR SALES IN BILLIONS	INCREASE/(DECREASE) COMPARED TO THE PREVIOUS MONTH
2017	January	2.2	–
2017	February	2	-9%
2017	March	2.1	5%
2017	April	1.8	-14%
2017	May	2.3	28%
2017	June	0.6	-74%
2017	July	2.2	267%
2017	August	2.1	-5%
2017	September	1	-52%
2017	October	2.2	120%
2017	November	1.9	-14%
2017	December	1.9	0%
2018	January	2.1	11%

 

https://www.iraqinews.com/business-iraqi-dinar/central-bank-of-iraq-auctions-169919883-on-31-january-2018/

[yota691]

Thursday, February 1, 2018 03:09 PM

| Number of readings: 26

The Central Bank concludes the currency auction for this week by selling more than 185 million dollars

BAGHDAD (Reuters) - The Central Bank of Iraq (CBI) on Thursday concluded a sale auction for this week, selling more than $ 185 million.

"The amount sold today amounted to 185 million, 195 thousand and 65 dollars, at an exchange rate of 1182 dinars per dollar, with the participation of 39 banks and 8 companies for the transfer of money."

The statement said that "the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar."