ronscarpa Posted October 13, 2013 Report Share Posted October 13, 2013 Another double Auction. It does appear that they are covering the days of their Eid Feast.by having the second auction...! Have a great Sunday .... RON Currency Auctions Announcement No. (2504) The latest daily currency auction was held in the Central Bank of Iraq on Sunday, the 13-Oct-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$) ------- 227,163,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) --------------- 227,163,000 Total offers for selling (US$) --------------- ----- --------------------------------------------------------------------------------------------------------------------------------------------- Announcement No. (2505) The latest daily currency auction was held in the Central Bank of Iraq on the 15-Oct-2013 and who carried on Sunday, 13-Oct-2013. The results were as follows: DETAILS ---------------- & ------------------ NOTES Number of banks ---------------------------- 16 Auction price selling dinar / US$ ---------- 1166 Auction price buying dinar / US$ ---------- ----- Amount sold at auction price (US$) ------- 146,980,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) --------------- 146,980,000 Total offers for selling (US$) --------------- ----- Exchange rates Dollar's exchange rates / in Baghdad markets 4 Link to comment Share on other sites More sharing options...
dinarbeleiver Posted October 13, 2013 Report Share Posted October 13, 2013 Ron am I right in thinking that the cbi has never had a double auction done until now. I am sure they have not bothered in the past so why now? Could this be the start of the new mechanism that the cbi has been talking about for months. Thanks for the post Ron. 1 Link to comment Share on other sites More sharing options...
yota691 Posted October 13, 2013 Report Share Posted October 13, 2013 (edited) Thanks Ron...+ Central bank sales rise to more than $ 227 million 10/13/2013 - 15:22 | Source: Economy and Business 126 views Editor: Ammar al-Ani Alsumaria News / Baghdad recorded sales of Central Bank of Iraq, Sunday, up to more than 227 million dinars, compared to the day on Saturday, which recorded sales in which $ 165 million. saw session, today, a rise in bank sales to reach 227 000 163 thousand dollars , has been covered by the bank at an exchange rate basis amounted to 1166 dinars to the dollar, compared to the day on Saturday, reaching sales of the bank 165 000 470 thousand dollars. distributed demand by 149 000 318 thousand dollars in the form of remittances and by 66% for the remainder, amounting to 77.845 million dollars in cash, was to cover all the demand by the bank in full, and the exchange rate was 1179 dinars per dollar, including the bank's commission of 13 dinars per dollar, while not progressing banks of 20 participating in the auction CBI any offers to sell the dollar. The Rasheed Bank of more banks buy foreign currency, reaching asked to buy 107.625 million dollars, followed by the Gulf Bank and by $ 19 million. , founded the Iraqi Central Bank as a bank independent under its law issued on the sixth of March of the year 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and being sessions daily for buying and selling currencies. Edited October 13, 2013 by yota691 1 Link to comment Share on other sites More sharing options...
uncirculd Posted October 13, 2013 Report Share Posted October 13, 2013 I missed this. They have been having 2 daily auctions I gather. And their reserves are rising in all the banks. If this is so, they are complying with what Shabibi was saying they had to do or merge. So, it's another stepping stone of the banks being ready. Or maybe even a confirmation. That's just what I get. And it could also be a way to pick up the 3 zero notes. Never the less, it's very interesting to keep an eye on. I am no economist and I surely ain't a math major, but it's logical. Link to comment Share on other sites More sharing options...
dinarbeleiver Posted October 13, 2013 Report Share Posted October 13, 2013 Thanks yota this could be major news 'the implementation of monetary policy, ' wow,wow Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted October 13, 2013 Report Share Posted October 13, 2013 yota...what is your opinion on this? 2 Link to comment Share on other sites More sharing options...
yota691 Posted October 13, 2013 Report Share Posted October 13, 2013 (edited) yota...what is your opinion on this? I best Keep it to myself...but I did Love your SnowGlobe's Edited October 13, 2013 by yota691 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted October 13, 2013 Report Share Posted October 13, 2013 thank for all you do sir 2 Link to comment Share on other sites More sharing options...
yota691 Posted October 14, 2013 Report Share Posted October 14, 2013 (edited) Same read little different... BAGHDAD - A citizen's recorded sales of the Iraqi Central Bank increased to more than 227 million dinars, compared to the day on Saturday, which recorded sales in which $ 165 million has seen a session on Sunday, a rise in bank sales to reach 227 000 163 thousand dollars, have been covered by the bankWritten by: Citizen newspaper | | Hits: 9 User Rating: / 0 BadGood BAGHDAD - A citizen's recorded sales of the Iraqi Central Bank increased to more than 227 million dinars, compared to the day on Saturday, which recorded sales in which $ 165 million has seen a session on Sunday, a rise in bank sales to reach 227 000 163 thousand dollars, have been covered by the bank basis of the exchange rate was 1166 dinars to the dollar, compared to the Sabbath, as bank sales amounted to 165 000 470 thousand dollars. And distributed demand by 149 000 318 thousand dollars in the form of remittances and by 66% for the remainder, amounting to 77.845 million dollars in cash, was to cover all the demand by the bank in full, and the exchange rate was 1179 dinars per dollar, including the bank's commission of 13 dinars per dollar one, while not progressing banks of 20 participating in the auction CBI any offers to sell the dollar. The Rasheed Bank of more banks buy foreign currency, reaching asked to buy 107.625 million dollars, followed by the Gulf Bank and by $ 19 million. The Central Bank of Iraq was established as an independent bank under its law issued on the sixth of March of the year 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and being sessions daily for buying and selling currencies Edited October 14, 2013 by yota691 1 Link to comment Share on other sites More sharing options...
ronscarpa Posted October 14, 2013 Author Report Share Posted October 14, 2013 Ron am I right in thinking that the cbi has never had a double auction done until now. I am sure they have not bothered in the past so why now? Could this be the start of the new mechanism that the cbi has been talking about for months. Thanks for the post Ron. Hi dinarbeliever......to answer your question....I don't believe so...! I've been in this investment for almost 6 years, and have followed the CBI auctions since 2010, and this is the first time I've ever noticed two auctions on the same day (Thursday, Saturday & Sunday) - representing two different dates. It will be interesting to see if they continue two auctions on Monday, the 14th. Thursday, 10 October - for !0 Oct - and 17 Oct Saturday, 12 October - for 12 Oct - and 19 Oct Sunday, 13 October - for 13 Oct - and 15 Oct Thanks for the great articles YOTA...much appreciated (+2) 2 Link to comment Share on other sites More sharing options...
sandfly Posted October 14, 2013 Report Share Posted October 14, 2013 THANKS Link to comment Share on other sites More sharing options...
jeepguy Posted October 14, 2013 Report Share Posted October 14, 2013 THANKS no thanks good to see ya back sandfly , I hear tell you had a new addition to the family { congratulations } Link to comment Share on other sites More sharing options...
SocalDinar Posted October 14, 2013 Report Share Posted October 14, 2013 And another double Auction today held in the future. Announcement No. (2506) The latest daily currency auction was held in the Central Bank of Iraq on the14-Oct-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$) 221,570,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 221,570,000 Total offers for selling (US$) ----- Announcement No. (2507) The latest daily currency auction was held in the Central Bank of Iraq on the16-Oct-2013 and who carried on 14-Oct-2013. The results were as follows: Details Notes Number of banks 16 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 132,622,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 132,622,000 Total offers for selling (US$) ----- http://www.cbi.iq/index.php?pid=CurrencyAuctions Exchange rate PDF shows No Auctions No auctions october 15th through the 19th? http://www.cbi.iq/documents/CBI_FOREIGN_EXCHANGE_AUCTIONS.pdf 1 Link to comment Share on other sites More sharing options...
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