ronscarpa Posted September 19, 2013 Report Share Posted September 19, 2013 Currency Auctions Announcement No. (2482) The latest daily currency auction was held in the Central Bank of Iraq on Thursday, the 19th-Sep-2013 . The results were as follows: DETAILS --------------------- & ------------------- NOTES Number of banks ------------------------------ 19 Auction price selling dinar / US$ ----------- 1166 Auction price buying dinar / US$----------- ----- Amount sold at auction price (US$) ------- 133,890,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) --------------- 133,890,000 Total offers for selling (US$) --------------- ----- Exchange rates Dollar's exchange rates / in Baghdad markets This is a relatively low Auction for 19 Banks purchasing USD...Plus, it's the day of the National Meeting - hoping good things will come from it..! 3 Link to comment Share on other sites More sharing options...
Dinar Buddy Posted September 19, 2013 Report Share Posted September 19, 2013 Iraqi Dinar Exchange Rate Linked To Oil Exports, Federal Reserves A client counts his money at Al-Rafidain Bank in Baghdad, June 21, 2009. (photo by REUTERS/Bassim Shati) By: Omar al-Shaher for Al-Monitor Iraq Pulse Posted on August 27. إقرأ باللغة العربية According to an Iraqi financial expert, the value of Iraq’s federal reserves currently amounts to about $80 billion, following the recent increase in the country’s oil exports. Nevertheless, no information was made available by the Central Bank of Iraq (CBI) to this effect. Speaking to Al-Monitor, Iraqi financial expert Hussein al-Asadi said, “According to my information, the value of Iraq’s federal reserves currently amounts to about $80 billion. This includes funds, precious metals and other items.” Nevertheless, the spokesman for the CBI, which is charged with managing the federal reserves of Iraq, has yet to issue a statement in this regard. Meanwhile, Al-Monitor’s correspondent in Baghdad failed to obtain comment from the bank’s governor, Abdul Basit Turki, to this effect, or determine the identity of those authorized to speak to the media. The bank has only issued statements to comment on the developments of its work. Read more: http://www.al-monitor.com/pulse/originals/2013/08/iraq-federal-reserves-oil-grow.html#ixzz2fLltEn2O THE DAILY ENERGY AUCTIONS ARE NOT CURRENCY SALES, BUT SALES OF OIL TO LOCAL REGIONAL COUNTRIES... DO NOT BE FOOLED BY GURUS PUMPING THAT THE CURRENCY IS BEING PULLED OR ADDED TO THE IRAQI ECONOMY. Also, the reason there are 19 banks is to spread the deposit to multiple locations to reduce risk. 2 Link to comment Share on other sites More sharing options...
calkid11 Posted September 19, 2013 Report Share Posted September 19, 2013 THANKS RON FOR THE POST WE WILL SEE... Link to comment Share on other sites More sharing options...
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