I have never seen the currency auctions as low as they are today, hopfully this is a good sign that this venture is coming to an end... The rate is the same but the Auction amount is getting less and less....
Currency Auctions:
Announcment No. (2358)
The latest daily currency auction was held in the Central Bank of Iraq on the 17- Apr-2013. The results were as follows:
DETAILS NOTES
Number of banks 21
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ -------
Amount sold at acution price (US$) 88,853,000
Amount purchased at Auction price (US$) ---------------
Total offers for buying (US$) 88,853,000
Total offers for selling (US$) ---------------