What's This All About?

[ReVbo]

I know these guys just make stuff up, but come on, dude. All you gotta do is go check the CBI site. Am I missing something here?

09:23:19] BEAR5642: I KNOW THAT THE CBI DID STOP SELLING AUCTIONS OF FOREIGN CURRENCY AND THIS IS A VERY GOOD STEP IN THE RIGHT DIRECTION WITHOUT US DOLLAR TO TRADE WITH THEY WILL AHVE TO DO SOMETHING WITH THE IQD

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

Announcement No. (2122)

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

Details

Notes

Number of banks

17

Auction price selling dinar / US$

1166

Auction price buying dinar / US$

-----

Amount sold at auction price (US$)

118,688,000

Amount purchased at Auction price (US$)

-----

Total offers for buying (US$)

118,688,000

Total offers for selling (US$)

-----

Edited April 25, 2012 by ReVbo

[bluebow]

I have just seen this on the CBI also, it makes sense to me what BEAR has stated, if it actually means anything or not i dont know. we all sit in hope something will emerge soon.

Lets all just stay positive this will happen.

[bluebow]

My link

Talks about it here.

[thegente]

Just posted an article on it:

[ReVbo]

Thanks, guys. Looks like Bear wasn't full of it, after all. Good news! Now, push the d@mn button already!

[sammyque]

Thanks, guys. Looks like Bear wasn't full of it, after all. Good news! Now, push the d@mn button already!

Currency Auctions

Announcement No. (2124)

The latest daily currency auction was held in the Central Bank of Iraq on the 29-APR-2012. The results were as follows:

Details Notes

Number of banks 15

Auction price selling dinar / US$ 1166

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

Amount sold at auction price (US$) 132,296,000

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

Total offers for buying (US$) 132,296,000

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

Exchange rates

Dollar's exchange rates / in Baghdad markets

Dunno about that....seems they had one last Thursday also

[BrokeNoMore]

I thought Adam concluded that the auctions were irrelevant since the auctions have fluctuated greatly over the years, and stopped at times?

Can anyone corroborate this?