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Currency Auctions Central Bank of Iraq on the 29-APR-2012

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

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What to believe! What to believe!

Well one thing you can believe is that Shabs is not the guy most think he is. The fact is he is the one holding up the RV. For whatever reason and by doing so has the blood of many on his hands.

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???? What are you on about ???:confused:

CBI begins restructuring auction

April 26th, 2012 06:31 am · Posted in NEWS: Dinar Currency & World Currency News

Baghdad, April 26 / April (Rn) – The Central Bank of Iraq, Thursday, for he began to restructure the public auction and the development of financial dealings and improve the performance of its employees, denying at the same time cancel or convert it to a commercial bank last. Deputy Governor of Central Bank of Iraq appearance Mohamed Saleh, told the Kurdish news agency (Rn) that “the central bank decided to restructure the work of the auction and the development of financial dealings with customers and improve the performance of its employees are compatible with the challenges of the future to the process of selling the currency.”

Saleh added that “the central bank did not decide to never cancel the auction or conversion process of selling hard currency to another bank of banks that are supervised by the Central Bank. ” and pointed out that “some businessmen are trying to broadcast rumors to raise the price of the dollar against the Iraqi dinar, which affects the economic security of Iraq.” and saw the price of the dollar relative to local currency increased by the last few days, attributed the company owners banking local to stop the central bank to sales of hard currency. and picked up local media reports about the widening phenomenon of smuggling hard currency from Iraq to Syria and Iran through the border crossing points, did not confirm the CBI that. According to experts in the Iraqi economy that the conversion of the task of selling the hard currency from the central bank to state bank may not resolve the problem once and for all. and mission of the Iraqi Central Bank is to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and regulate the banking sector, while The Committee emphasizes the parliamentary financial support to any efforts presented by the Central Bank of Iraq would lead to the stability of the final outturn exchange market.

http://www.aknews.com/ar/aknews/2/303830/

Selah and his ole double negatives. He is truly the spin Doctor.

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CBI begins restructuring auction

April 26th, 2012 06:31 am · Posted in NEWS: Dinar Currency & World Currency News

Baghdad, April 26 / April (Rn) – The Central Bank of Iraq, Thursday, for he began to restructure the public auction and the development of financial dealings and improve the performance of its employees, denying at the same time cancel or convert it to a commercial bank last. Deputy Governor of Central Bank of Iraq appearance Mohamed Saleh, told the Kurdish news agency (Rn) that “the central bank decided to restructure the work of the auction and the development of financial dealings with customers and improve the performance of its employees are compatible with the challenges of the future to the process of selling the currency.”

Saleh added that “the central bank did not decide to never cancel the auction or conversion process of selling hard currency to another bank of banks that are supervised by the Central Bank. ” and pointed out that “some businessmen are trying to broadcast rumors to raise the price of the dollar against the Iraqi dinar, which affects the economic security of Iraq.” and saw the price of the dollar relative to local currency increased by the last few days, attributed the company owners banking local to stop the central bank to sales of hard currency. and picked up local media reports about the widening phenomenon of smuggling hard currency from Iraq to Syria and Iran through the border crossing points, did not confirm the CBI that. According to experts in the Iraqi economy that the conversion of the task of selling the hard currency from the central bank to state bank may not resolve the problem once and for all. and mission of the Iraqi Central Bank is to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and regulate the banking sector, while The Committee emphasizes the parliamentary financial support to any efforts presented by the Central Bank of Iraq would lead to the stability of the final outturn exchange market.

http://www.aknews.co...knews/2/303830/

Selah and his ole double negatives. He is truly the spin Doctor.

Thanks for that .... I read that a few days ago and completly forgot about it lol ...... I really didnt have a clue what that post was about, My brain normally takes the day off on a sunday ... cheers buddy

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From the Central Bank of Iraq Law of 2004 SECTION 8—OTHER FUNCTIONS

Article 39 Payment systems

1. The CBI shall establish and maintain or promote the establishment and maintenance of

sound and efficient systems for the clearing and settlement of payment transactions in

accordance with international standards and best practices.

2. The CBI shall be exclusively responsible for the regulation, registration, licensing, and

supervision of payment systems operated by parties other than the CBI.

3. In connection with its supervision of payment systems and payment system operators, the

CBI may by regulation:

a. require the registration or licensing of any payment system or payment system

operator; and

b. require any payment system or payment system operator to observe such safe and

sound conditions and requirements as may be established by the CBI, including those

designed to facilitate supervision of such operators by the CBI and to preserve the

safety of the assets entrusted by the public to their care.

4. The CBI shall be authorized to take such action as it deems necessary to carry out the tasks

described in paragraph (1), including promoting, organizing, participating in and operating

payment systems and establishing the applicable charges.

5. The CBI may make arrangements to facilitate:

a. the integration of its payment system and related arrangements with other payment

systems;

b. the development of new methods and technologies for payments in domestic or

foreign currencies; and - 24 -

c. the design and periodic modification of a plan for the evolution of the national

payment system of Iraq. http://www.idlo.int/...tions/IRAQ3.pdf

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I feel it's like watching a tennis match.

Or Nascar (can't stand it) round and round and round and round, etc.....

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Or Nascar (can't stand it) round and round and round and round, etc.....

what self respecting southerner does not like Nascar? tongue.gif Geaux Tigers! laugh.gif

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what self respecting southerner does not like Nascar? tongue.gif Geaux Tigers! laugh.gif

This one, lol......Roll Tide!!

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This one, lol......Roll Tide!!

This one, too. Just dudes driving around in a circle all afternoon.

RollTide!

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Saleh added that “the central bank did not decide to never cancel the auction or conversion process of selling hard currency to another bank of banks that are supervised by the Central Bank.

Read more:

Are we now believing what this man has to say? :unsure::blink: :blink:

I'd rather listen to okie, at least he was funny. ;):lol:

Oh, and I'm born in Florida, and raised in Biloxi Ms, and I hate NASCAR. Bunch of

ignorant redneck moonshiners driving overpriced cars way to fast in circles. Makes me dizzy.

Almost as much fun as a six pack of beer and a bug zapper. :o:P

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