CBI US DOLAR SALES INCREASE - BOGUS ARTICLE

[Dinar Buddy]

THE DAILY CBI AUCTIONS ARE ENERGY AUCTIONS.  THIS IS THE PROCESS TO SELL OIL TO SURROUNDING COUNTRIES IN USD's.  THE AUCTIONS HAVE NOTING TO DO WITH THE REMOVAL OF CASH.

 

BOGUS ARTICLE FOUND:

 

CBI US Dollar Sales Increase After Monday’s Auction

Posted on 07 August 2013. Tags: Auction, Central Bank of Iraq, iraqi dinar, US Dollars

On Monday, the Central Bank of Iraq announced the increase of its US Dollar sales during Monday’s auction after reaching  $16278000 last Sunday.

“The total US Dollars sold by the bank amounted to $288639000 at price of 1166 IQD per US dollar during the auction, which included the participation of twenty-four banks,” CBI reported in a statement to AIN. 

“The price of the dollar sale and the remittances at the auction reached 1179 IQD against the US dollar. That included the commission of the CBI, which was up to 13 IQD per US dollar, while the US dollar buying sale reached 1171 IQD.”

According to AIN, the CBI will continue buying and selling the US Dollar at the price of 1166 IQD within the same adopted commission.

(Source: All Iraq News)

 

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LINK:  http://www.iraq-businessnews.com/tag/iraqi-dinar/

 

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