JustNTime Posted March 22, 2012 Report Share Posted March 22, 2012 (edited) Rise in central bank sales to $ 240 million 22/03/2012 15:36 Baghdad, March 22 / March (Rn) - The Central Bank of Iraq that his sales of the U.S. dollar rose Thursday to $ 240 million versus $ 230 million in the previous session. The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the central bank sales today amounted to $ 240 million while the last Tuesday of $ 230 million," explaining that "Price was 1179 Iraqi dinars to the dollar interest rate of up to 10 dinars ". He also called for the owners of banking offices to "adapt to the new mechanisms established by the Central Bank of Iraq in the sale process difficult to prevent smuggled out of the country because of crises in the countries in the region." The rate of sale of the Central Bank in January 11 last $ 300 million for the first time in years, and put on evacuated a new mechanism requiring the withdrawal of foreign currency on the basis of the importance of development projects in the country, especially after the news emerged, in recent times, for smuggling huge hard currency to Iran, which faces international sanctions over its nuclear program. http://translate.goo...cial&prmd=imvns Edited March 22, 2012 by JustNTime 1 Link to comment Share on other sites More sharing options...
bamagirl Posted March 22, 2012 Report Share Posted March 22, 2012 So, there was an auction? Link to comment Share on other sites More sharing options...
zigmeister Posted March 22, 2012 Report Share Posted March 22, 2012 Apparently. Link to comment Share on other sites More sharing options...
quadkidd1 Posted March 22, 2012 Report Share Posted March 22, 2012 Well I just checked the CBI and it still shows the last auction 3/20 ........Just not updated ?????????????? Quad Link to comment Share on other sites More sharing options...
Alex38 Posted March 22, 2012 Report Share Posted March 22, 2012 sometimes they don't update on time. Well, there goes the "no auction" theory for today .... 1 Link to comment Share on other sites More sharing options...
jonjon Posted March 22, 2012 Report Share Posted March 22, 2012 He also called for the owners of banking offices to "adapt to the new mechanisms established by the Central Bank of Iraq in the sale process difficult to prevent smuggled out of the country because of crises in the countries in the region." Link to comment Share on other sites More sharing options...
Lorre Posted March 22, 2012 Report Share Posted March 22, 2012 The previous auction dated 3-20 states it was 227m... not 230m... Did they have one yesterday too? Link to comment Share on other sites More sharing options...
fastarnie Posted March 22, 2012 Report Share Posted March 22, 2012 Rise in central bank sales to $ 240 million 22/03/2012 15:36 Baghdad, March 22 / March (Rn) - The Central Bank of Iraq that his sales of the U.S. dollar rose Thursday to $ 240 million versus $ 230 million in the previous session. The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the central bank sales today amounted to $ 240 million while the last Tuesday of $ 230 million," explaining that "Price was 1179 Iraqi dinars to the dollar interest rate of up to 10 dinars ". He also called for the owners of banking offices to "adapt to the new mechanisms established by the Central Bank of Iraq in the sale process difficult to prevent smuggled out of the country because of crises in the countries in the region." The rate of sale of the Central Bank in January 11 last $ 300 million for the first time in years, and put on evacuated a new mechanism requiring the withdrawal of foreign currency on the basis of the importance of development projects in the country, especially after the news emerged, in recent times, for smuggling huge hard currency to Iran, which faces international sanctions over its nuclear program. http://translate.goo...cial&prmd=imvns The spread is 13 dinars. It used to be 1183, but since the four pip movement it is now 1179. Now the banks dealing with citizens can add another 10 dinars on top of that for interest. If I'm wrong I'm sure someone will let us know. 1 Link to comment Share on other sites More sharing options...
Abarvets Posted March 22, 2012 Report Share Posted March 22, 2012 Link to comment Share on other sites More sharing options...
Stryker365 Posted March 22, 2012 Report Share Posted March 22, 2012 (edited) The latest daily currency auction was held in the Central Bank of Iraq on the 20-MAR-2012. The results were as follows: Details Notes Number of banks 23 Auction price selling dinar / US{:content:}nbsp; 1166 Auction price buying dinar / US{:content:}nbsp; ----- Amount sold at auction price (US$) 227,338,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 227,338,000 Total offers for selling (US$) ----- This is interesting, this is what is showing on the CBI but yet the rate was updated today.....Indicative rates - 22.03.2012 Edited March 22, 2012 by Stryker365 Link to comment Share on other sites More sharing options...
Abarvets Posted March 22, 2012 Report Share Posted March 22, 2012 The latest daily currency auction was held in the Central Bank of Iraq on the 20-MAR-2012. The results were as follows: Details Notes Number of banks 23 Auction price selling dinar / US{:content:}nbsp; 1166 Auction price buying dinar / US{:content:}nbsp; ----- Amount sold at auction price (US$) 227,338,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 227,338,000 Total offers for selling (US$) ----- This is interesting, this is what is showing on the CBI but yet the rate was updated today.....Indicative rates - 22.03.2012 That is interesting....... Thanks for the due diligence. Link to comment Share on other sites More sharing options...
cooked Posted March 22, 2012 Report Share Posted March 22, 2012 These are good as I quoted before, these auctions are taking dinar off the street and flooding the street with dollars. What do you do when you want to dedollarize? You raise the value of the dinar. 1 Link to comment Share on other sites More sharing options...
welcome007 Posted March 22, 2012 Report Share Posted March 22, 2012 So wait was there an auction today?? Link to comment Share on other sites More sharing options...
JERRY A Posted March 22, 2012 Report Share Posted March 22, 2012 So, there was an auction? do not see anything on the website about an auction today anyone???/ Link to comment Share on other sites More sharing options...
welcome007 Posted March 22, 2012 Report Share Posted March 22, 2012 Then wat is justntime talking about Link to comment Share on other sites More sharing options...
Rogue Knight Posted March 22, 2012 Report Share Posted March 22, 2012 Adam has mentioned before not to place too much stock in the CBI's information.. [kcw] TimS Adam...Can we believe the info posted by and on the CBI website? Specifically, they state an amount of dinar in circulation....is it reliable or could it be misinformation? [adam montana] That's an awesome question. A lot of people claim "you don't need any special service, if you want to know when the RV happens just look at the CBI site"... I disagree. The CBI is often late to post any kind of news on their site, and when the RV is announced they are going to do EVERYTHING possible to mislead and retain as much profit as possible. Bottom line: I don't trust the CBI to post ANYTHING accurate other than the spread they are charging. Read more: Link to comment Share on other sites More sharing options...
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