Currency Auctions 25-JAN-2012

[yota691]

Currency Auctions

Announcement No. (2064)

The latest daily currency auction was held in the Central Bank of Iraq on the 25-JAN-2012. The results were as follows:

DETAILS NOTES

Number of banks 24

Auction price selling dinar / US$ 1166

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

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

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

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

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 rights

[billiebobt]

Well doesnt this seem just a bit odd??? Another Auction to the dollar in zero's. I'm not excited ar anything like that but I'm deffinately a bit curious.

[Princess DinarTard]

Well doesnt this seem just a bit odd??? Another Auction to the dollar in zero's. I'm not excited ar anything like that but I'm deffinately a bit curious.

It's definitely "odd"...in fact to believe so would be an understatement

Not sure what to make of it yet but "go RV".

[Dady_Banker]

I know right! I was thinking well it can't be made up right, different number of banks roughly the same number, it could be coincidence! But for me this is to precise and I'm optimistic that theres pride from a nation ready to change the world (WHILE GRINNING Behind closed doors)! Like knowing something you don't know!

[yota691]

Yesterday auction 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/in...urrencyAuctions

Today Auction Currency Auctions

Announcement No. (2064)

The latest daily currency auction was held in the Central Bank of Iraq on the 25-JAN-2012. The results were as follows:

DETAILS NOTES

Number of banks 24

Auction price selling dinar / US$ 1166

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

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

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

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

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

Exchange rates

Central Bank of Iraq. All

Edited January 25, 2012 by yota691

[simon8957]

WOW..another auction with a big even number and close to the $200 million mark again. This makes a week stright of close to $200 million at the auction with one day being $200 million on the nose......

[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

1848 25-Jan 1,205 1,166 202,000 10,750 191,250

Yup, that's a pattern alright!

[fancy]

Certainly some sort of control and planned out organization over this.............hmmmmm

[truthful1]

Its consistency, shows stability in the policy to control the rate.

[DinarDreamer82]

How many banks do they have, 24 or 21?

[fnbplanet]

Very related thread:

My link

[FreckledFuzz]

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

1848 25-Jan 1,205 1,166 202,000 10,750 191,250

Yup, that's a pattern alright!

From the 17th on are pretty round numbers. Almost like someone just typing them in because they look good

[sportfisher]

How many banks do they have, 24 or 21?

here is the list

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

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

[Canuklady]

Thanks Yota and everyone for posting. Something is going on here. I hope it means what I think it means...

[SocalDinar]

I would say this is odd.

Anyone know how these auctions are held? Is it via internet?

Is it just computer generated or do a bunch of guys stand there raising their hands?

[Mazzz27]

i don't understand how these auctions work

[keepmwlknfny]

The demand for the USD has gone up considerably because of the restrictions/sanctions being placed on those surrounding countries.....this is why the CBI bought up A LOT of USD and why the exchange rate went up to 1166....they cushioned themselves so as to not affect the reserves they have...

[Darin]

The demand for the USD has gone up considerably because of the restrictions/sanctions being placed on those surrounding countries.....this is why the CBI bought up A LOT of USD and why the exchange rate went up to 1166....they cushioned themselves so as to not affect the reserves they have...

You have a source for that? Or you simply just speculating?

[sportfisher]

You have a source for that? Or you simply just speculating?

this has been in the news.

[Darin]

this has been in the news.

USD being shipped to the CBI, yes... But the reasons?

[zigmeister]

USD being shipped to the CBI, yes... But the reasons?

One thing is for sure the truth of the matter won't be in the papers.

[socaljeepnut]

Hey socaldinar, is that occitillo wells you are at in the picture. Maybe even shell reef?

[SgtFuryUSCZ]

i don't understand how these auctions work

***///

... Iran sez, "hey, we're feelin' the pinch over here from the sanctions!'...

Iraq's like, "okay, dudes, no problem, here ya go...."

kinda like that....

[JWJW11]

It still does not cease to amaze me just how much faith here at DV is placed in the Iraqi news media. There are things that are simply too sensitive to divulge by any means, let alone a suspect news media, and I cannot see the CBI stopping at anything to prevent a catastrophic informational leak.

You mean they wont tell us the truth? Awwww man....now what!?!?

[SgtFuryUSCZ]

You mean they wont tell us the truth? Awwww man....now what!?!?

***///