CBI Currency Auction - Wednesday, 13 March 2013

[ronscarpa]

Currency Auctions - Announcement No. (2334)

The latest daily currency auction was held in the Central Bank of Iraq on Wednesday, the 13-Mar-2013. The results were as follows:

DETAILS ---------- & ---------- NOTES

Number of banks 20
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 117,858,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 117,858,000
Total offers for selling (US$) -----

Exchange rates
Dollar's exchange rates / in Baghdad markets

[TQueezy]

Stayin' looowww...

[Bat of Darkness]

It seems that after Shabibi was shut out, the value...as tracked by various Forex sites...contracted into a range from about 1140 to 1163 in daily fluctuations.  Prior to October of 2012, and now again since about the first of March...those values are bouncing through a range between 1135 and 1163.  I'm probably just grasping at straws here - but I wonder if this subtle signal doesn't mean that Shabibi is worming his way back into the CBI now that Turki is gone.  Am I crazy?

[Hotcurl]

The trading range is probaly tied to the movement of the US Dollar.

[unirod]

An article today say's that the dollar is getting harder to secure for sale at auction. This may be a subtle way of encouraging the publics use of the Dinar?

[sandstorm]

It seems that after Shabibi was shut out, the value...as tracked by various Forex sites...contracted into a range from about 1140 to 1163 in daily fluctuations.  Prior to October of 2012, and now again since about the first of March...those values are bouncing through a range between 1135 and 1163.  I'm probably just grasping at straws here - but I wonder if this subtle signal doesn't mean that Shabibi is worming his way back into the CBI now that Turki is gone.  Am I crazy?

your looking at a pair. the iqd isnt gaining........its the dollar weakening....is why your seeing numbers below 1166

[Frank61]

It seems they are trying to reel the big notes by doing this....a good sign for us.

[dontlop]

i read the dollars are very hard to find on iraqi streets because the currency dealers are selling them to iran ..i read that yesterday

[dinar fellow]

dollars would never be had to find ....even if they had a valued currency....you people really need to use common sense

[gymrat76541]

Funny, I wanna used their money as QUICKLY as possible.

Edited March 13, 2013 by gymrat76541

[Bat of Darkness]

Hmmm...guess you're right.  I tend to look at the graphs as a separate entity.  They kinda take on a hearbeat after awhile.

 

Been looking at this entirely too long...