ronscarpa Posted October 14, 2013 Report Share Posted October 14, 2013 (edited) Well everyone, the CBI had another double Auction ... all the dates of the EID Feast are now covered except Friday, the 18th of October. I'm not sure what this might mean for the potential of the CBI increasing the value of the IQD. Currency Auctions Announcement No. (2506) The latest daily currency auction was held in the Central Bank of Iraq on Monday, the 14-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$) --------------- 221,570,000 Total offers for selling (US$) --------------- ----- Exchange rates Dollar's exchange rates / in Baghdad markets ------------------------------------------------------------------------------------------------------------------------------------------------ Announcement No. (2507) The latest daily currency auction was held in the Central Bank of Iraq on the 16-Oct-2013 and who carried on Monday, 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$) ---------------- 132,622,000 Total offers for selling (US$) ---------------- ----- Exchange rates Dollar's exchange rates / in Baghdad markets Edited October 14, 2013 by ronscarpa 3 Link to comment Share on other sites More sharing options...
Elixirbaby Posted October 14, 2013 Report Share Posted October 14, 2013 Hmmmmmm Link to comment Share on other sites More sharing options...
sandfly Posted October 15, 2013 Report Share Posted October 15, 2013 THANKS Link to comment Share on other sites More sharing options...
MrOptimistic Posted October 15, 2013 Report Share Posted October 15, 2013 Why would they be doing a double auction for the holiday? I don't recall the CBI doing 2 auctions a day for any other holiday/festivities in the past. Seems like the CBI is absorbing more cash b/c they are in a transition that's my Link to comment Share on other sites More sharing options...
yota691 Posted October 15, 2013 Report Share Posted October 15, 2013 (edited) Thanks Ron + Lower central bank sales in the auction today Monday, October 14 1 / Okrudolf 2013 15:18 [baghdad - where] Sales fell Central Bank of the dollar Monday in the daily public auction to $ 221 million after it reached on Sunday $ 227 million. According to a statement of the bank has received all of Iraq [where] a copy of it today that "the size of the amount sold by the bank at the auction of the dollar today reached [221] million and [570] thousand dollars at the exchange rate [1166] dinars to the dollar contribution [20] banks. " He pointed out that "the quantity sold in cash amounted to [69] million and [760] thousand dollars, and the quantity sold remittances amounted to [151] million and [810] thousand dollars," adding that "the central bank receive a commission of [13] dinars per dollar, with discount [8] dinars for each dollar amounts purchased, ie, that the purchase price of the dollar = cash sales price of $ cash - 8]. " The statement added that "the price of cash sales and transfers [1179] dinars to the dollar, including the commission of the Central Bank in the amount of 13 dinars per dollar, while the total cash purchase price of $ [1171] dinars to the dollar." He explained that "the Iraqi Central Bank continues to buy and sell the dollar at [1166] dinars and receive the same commission mentioned above." The statistics compiled by all of Iraq [where] the auction sale and purchase of foreign currency has reported that sales of the Iraqi Central Bank of the dollar traded during the month of September last 5 billion and 275 million and 645 thousand dollars compared to 4 billion and 563 million and 751 dollars in August last year. Ended . Edited October 15, 2013 by yota691 Link to comment Share on other sites More sharing options...
waterman13 Posted October 15, 2013 Report Share Posted October 15, 2013 Thanks Ron and Yota Wm13 Link to comment Share on other sites More sharing options...
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