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A change on real time forex quotes!

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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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IQD is pegged to the dollar. If it appears to be going up, it just means the dollars value dropped. Don't get too excited!

Does this indicate that it is now traded globally on forex though??? Pegged or not.

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