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yota691

Currency Auctions Central Bank of Iraq on the9-OCT-2012.

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Currency Auctions

Announcement No. (2231)

The latest daily currency auction was held in the Central Bank of Iraq on the9-OCT-2012. The results were as follows:

DETAILS NOTES

Number of banks 26

Auction price selling dinar / US$ 1166

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

Amount sold at auction price (US$) 319,574,000

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

Total offers for buying (US$) 319,574,000

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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I would like to think this signals an increase in trading activity ...But could be Iraqis taking advantage of oportunity to hold dollars...

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I would like to see a few more of these and it could "possibly" be good news. don't want to go out on a limb but this country appears to be getting their act together. Getting the PM in check is the very most important issue.

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