yota691 Posted October 9, 2012 Report Share Posted October 9, 2012 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 1 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted October 9, 2012 Report Share Posted October 9, 2012 ***/// These numbers are bigger... We thought they would get smaller before a Revaluation.... what's happening...? Link to comment Share on other sites More sharing options...
simon8957 Posted October 9, 2012 Report Share Posted October 9, 2012 My guess and strictly a guess on my part...I think they will continue as normal and then poof....a new rate appears.. Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted October 9, 2012 Report Share Posted October 9, 2012 ***/// SIMON... so, slight of hand distractions like the classic cobras coming out of baskets and whirling dirvishes...? 1 Link to comment Share on other sites More sharing options...
RVPleaseToday Posted October 9, 2012 Report Share Posted October 9, 2012 The CBI is doing what they do to maintain the exchange rate. I don't think these numbers have anything to do with an RV. Just business as usual. Link to comment Share on other sites More sharing options...
rockfl9 Posted October 9, 2012 Report Share Posted October 9, 2012 I would like to think this signals an increase in trading activity ...But could be Iraqis taking advantage of oportunity to hold dollars... Link to comment Share on other sites More sharing options...
sandstorm Posted October 9, 2012 Report Share Posted October 9, 2012 They lifted some of the regulations. ie...they are allowing more dollars to be bought, which is what led to the market rate seeing 1190 Link to comment Share on other sites More sharing options...
uncirculd Posted October 9, 2012 Report Share Posted October 9, 2012 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. Link to comment Share on other sites More sharing options...
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