Central Bank of Iraq on the 24-JAN-2012

[yota691]

Currency Auctions

Announcement No. (2063)

The latest daily currency auction was held in the Central Bank of Iraq on the 24-JAN-2012. 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 auction price (US$) 202,710,000

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

Total offers for buying (US$) 202,710,000

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

Exchange rates

Dollar's exchange rates / in Baghdad markets http://www.cbi.iq/index.php?pid=CurrencyAuctions

Copyright © 2012. Central Bank of Iraq. All

Edited January 24, 2012 by yota691

[Rogue Knight]

Currency Auctions

Announcement No. (2063)

The latest daily currency auction was held in the Central Bank of Iraq on the 24-JAN-2012. 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 auction price (US$) 202,710,000

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

Total offers for buying (US$) 202,710,000

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

http://www.cbi.iq/index.php?pid=CurrencyAuctions

[yota691]

bump

[k98nights]

bump

[Patriotic_mess]

I thought they were reducing the money supply, this seems to be a step backwards.

[Spud]

I thought they were reducing the money supply, this seems to be a step backwards.

Seems that question gets asked every time the auction results get posted.

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) has registered a minor rise in its auction for sale and purchase of foreign currencies, to reach the selling of US$202 millions and 60,000 US dollars, covered by the CBI on Monday, compared with 200 million US dollars in its previous session, at an exchange rate of 1,166 dinars per dollar, the CBI's daily bulletin reported.

Still selling dollars.

[yota691]

Seems that question gets asked every time the auction results get posted.

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) has registered a minor rise in its auction for sale and purchase of foreign currencies, to reach the selling of US$202 millions and 60,000 US dollars, covered by the CBI on Monday, compared with 200 million US dollars in its previous session, at an exchange rate of 1,166 dinars per dollar, the CBI's daily bulletin reported.

Still selling dollars.

CBI sells US $202 million in its Monday auction

1/23/2012 5:28 PM

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) has registered a minor rise in its auction for sale and purchase of foreign currencies, to reach the selling of US$202 millions and 60,000 US dollars, covered by the CBI on Monday, compared with 200 million US dollars in its previous session, at an exchange rate of 1,166 dinars per dollar, the CBI's daily bulletin reported.

"The total size of demand on the US dollar has reached 202 millions and 60,000, covered by the CBI on an average rate of 1,166 dinars per dollar on Monday, whilst the Bank's sales had recorded 200 millions and 310,000 US dollars in its Sunday session," the bulletin stressed.

The bulletin pointed out that "the Bank's cash sales had reached 19 millions and 750,000 US dollars, on an exchange rate of 1,179 dinars per dollar, including the Bank's interest rate of 13 dinars per dollar, whilst the foreign transfers have reached 182 millions and 310,000 US dollars; none of the banks that attended the sessions, including the 19 banks that attended today's session have offered a single dollar for sale.

The CBI holds 5 weekly sessions for selling and buying foreign currencies, beginning on Sunday and ending on Thursday, charging 13 dinars per dollar for its cash sales, along with another 13 dinars for its foreign transfers.

SKH (TP)/SR

http://en.aswatalira...eshow&id=146604

Read it again they bringing in IQD also on the 13 dinars is this more then what it was before they change the rate, can't remember?

Edited January 24, 2012 by yota691

[SINGH]

They're buying foriegn currency not just IQD

"rise in its auction for sale and purchase of foreign currencies"

[yota691]

DETAILS NOTES

Number of banks 21

Auction price selling dinar / US$ 1166

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

Amount sold at auction price (US$) 202,710,000

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

Total offers for buying (US$) 202,710,000

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

Exchange rates

Read more:

[fnbplanet]

1838 15-Jan 1,205 1,170 231,115 24,500 206,615

1839 16-Jan 1,205 1,170 232,516 19,250 213,266

1840 17-Jan 1,205 1,166 201,290 25,500 175,790

1841 18-Jan 1,199 1,166 200,140 10,750 189,390

1842 19-Jan 1,209 1,166 199,905 5,500 194,405

1843 20-Jan NO AUCTION NO AUCTION NO AUCTION NO AUCTION NO AUCTION

1844 21-Jan NO AUCTION NO AUCTION NO AUCTION NO AUCTION NO AUCTION

1845 22-Jan 1,199 1,166 200,000 28,250 171,750

1846 23-Jan 1,203 1,166 202,060 19,750 182,310

1847 24-Jan 1,203 1,166 202,710 20,750 181,960

Notice a pattern? It's clear that the CBI has set some limits to the amount that they will transact. These amounts do NOT happen by chance.

[Spud]

CBI sells US $202 million in its Monday auction

1/23/2012 5:28 PM

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) has registered a minor rise in its auction for sale and purchase of foreign currencies, to reach the selling of US$202 millions and 60,000 US dollars, covered by the CBI on Monday, compared with 200 million US dollars in its previous session, at an exchange rate of 1,166 dinars per dollar, the CBI's daily bulletin reported.

"The total size of demand on the US dollar has reached 202 millions and 60,000, covered by the CBI on an average rate of 1,166 dinars per dollar on Monday, whilst the Bank's sales had recorded 200 millions and 310,000 US dollars in its Sunday session," the bulletin stressed.

The bulletin pointed out that "the Bank's cash sales had reached 19 millions and 750,000 US dollars, on an exchange rate of 1,179 dinars per dollar, including the Bank's interest rate of 13 dinars per dollar, whilst the foreign transfers have reached 182 millions and 310,000 US dollars; none of the banks that attended the sessions, including the 19 banks that attended today's session have offered a single dollar for sale.

The CBI holds 5 weekly sessions for selling and buying foreign currencies, beginning on Sunday and ending on Thursday, charging 13 dinars per dollar for its cash sales, along with another 13 dinars for its foreign transfers.

SKH (TP)/SR

http://en.aswatalira...eshow&id=146604

Read it again they bringing in IQD also on the 13 dinars is this more then what it was before they change the rate, can't remember?

I read it again. They are selling USD and bringing in foreign currencies. Did I miss something?

[sab4212]

Seems that question gets asked every time the auction results get posted.

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) has registered a minor rise in its auction for sale and purchase of foreign currencies, to reach the selling of US$202 millions and 60,000 US dollars, covered by the CBI on Monday, compared with 200 million US dollars in its previous session, at an exchange rate of 1,166 dinars per dollar, the CBI's daily bulletin reported.

Still selling dollars.

Off the point,but that is 1 sick avatar.LOL I dig it.GO RVVVVV already.

[yota691]

I read it again. They are selling USD and bringing in foreign currencies. Did I miss something?

l'm just wondering now which foreign currency that they are bringing in?