cbi auctions --July 31, 2011

[cgbrown]

Currency Auctions

Announcement No. (1949)

The latest daily currency auction was held in the Central Bank of Iraq on the 31-JUL-2011. The results were as follows:

Details Notes

Number of banks 18

Auction price selling dinar / US$ 1170

Auction price buying dinar / US$ -----

Amount sold at auction price (US$) 120,688,000

Amount purchased at Auction price (US$) -----

Total offers for buying (US$) 120,688,000

Total offers for selling (US$) -----

Exchange rates

Dollar's exchange rates / in Baghdad markets

[bjdksl]

no changes

[lionfish]

Yeah...the auctions showed up again..but they are LOW! A lot of bank participation, yet low total sold. This isn't a bad thing..

And as some "people who might or might not have good advice" mentioned they can always RV anytime, even after an auction.

COME ON RV!! SOON!!

[Alex38]

GO RV!!!!!!!!!!!!!!!!!!!!!!!!!