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jhf3512
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And while they explain yours maybe they can explain this too http://www.iraqdirectory.com/DisplayNews.aspx?id=11983

CBI USD sales rising dramatically to 251 million

Translated by IRAQdirectory.com - [3/23/2010]

Sales went up by the CBI of the dollar in the auction for the sale of currencies, on Thursday, to reach largely $ 251 million versus $ 181 million during the previous session.

The bulletin issued by the CBI , that "the total volume of demand for the dollar stood at 251 million and 565 thousand dollars, covered by the central bank at the basis of 1170 dinars per dollar."

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why is the cbi no longer showing the market rate for the dinar on auction results. This is the second time in a row...

Isn't this the market rate??? Under Resources click on Currency Auctions.

Announcement No. (1614)

The latest daily currency auction was held in the Central Bank of Iraq on the 23-MAR-2010. The results were as follows:

Details Notes

Number of banks 10

Auction price selling dinar / US $ 1170

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

Amount sold at auction price (US $) 121,630,000

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

Total offers for buying (US $) 121,630,000

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

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