ronscarpa Posted May 31, 2014 Report Share Posted May 31, 2014 Currency AuctionsAnnouncement No. (2684)The latest daily currency auction was held in the Central Bank of Iraq on Saturday, the 31-5-2014 results were as follows:DETAILS -----------------&--------------- NOTESNumber of banks -------------------------- 8Auction price selling dinar / US$ -------- 1166Auction price buying dinar / US$ -------- -----Amount sold at auction price (US$) ----- 85,168,000Amount purchased at Auction price (US$) -----Total offers for buying (US$) ------------- 85,168,000Total offers for selling (US$) ------------- -----Exchange rate 5 Link to comment Share on other sites More sharing options...
King Bean Posted May 31, 2014 Report Share Posted May 31, 2014 Extremely small. Fore-telling any future "actions"? Who knows? 1 Link to comment Share on other sites More sharing options...
sportfisher Posted May 31, 2014 Report Share Posted May 31, 2014 http://www.cbi.iq/documents/CBI_FOREIGN_EXCHANGE_AUCTIONS.pdf About 1/2 the normal volume, but historically not alarming. We want to see these foreign currency volumes drop off even more drastically at current exchange rate, showing a perceived stronger value. 2 Link to comment Share on other sites More sharing options...
WheresmyRV? Posted May 31, 2014 Report Share Posted May 31, 2014 C'mon 1202 market rate! Link to comment Share on other sites More sharing options...
sportfisher Posted May 31, 2014 Report Share Posted May 31, 2014 1202 would be insignificant Link to comment Share on other sites More sharing options...
dinarbeleiver Posted May 31, 2014 Report Share Posted May 31, 2014 1202 would be IMF article 8 compliant Link to comment Share on other sites More sharing options...
ReVbo Posted May 31, 2014 Report Share Posted May 31, 2014 1202 would be IMF article 8 compliant Yep, and it moved to 1210 today from 1222. It's the first time it's moved like that all year. And right after CBI approved the money transfer companies to participate. 2 Link to comment Share on other sites More sharing options...
outlawclg Posted May 31, 2014 Report Share Posted May 31, 2014 yee haw Link to comment Share on other sites More sharing options...
chinadawg Posted May 31, 2014 Report Share Posted May 31, 2014 getting closer !! Link to comment Share on other sites More sharing options...
sportfisher Posted May 31, 2014 Report Share Posted May 31, 2014 Yep, and it moved to 1210 today from 1222. It's the first time it's moved like that all year. And right after CBI approved the money transfer companies to participate. how about 12.1 or 1.21 1 Link to comment Share on other sites More sharing options...
calkid11 Posted May 31, 2014 Report Share Posted May 31, 2014 Thank you Link to comment Share on other sites More sharing options...
yota691 Posted May 31, 2014 Report Share Posted May 31, 2014 Decline in central bank sales of dollar Central Bank of Iraq Author: Editor: br reporter: ar Number of readings: 122 05/31/2014 16:13 Tomorrow's Press / Baghdad: sales of the Iraqi Central Bank a big drop in an auction on Saturday on the sale and purchase of foreign currencies for up to 85.168 million compared with $ 152.634 million dollars was recorded in the previous session, and a stable exchange rate at 1166 dinars per dollar. The reporter tomorrow Press that the special bulletin ERA today showed that overall demand for the dollar distributed by 22.25 million dollars at the exchange rate Dinara 1190 dinars per dollar, including the commission of the bank for cash sales, amounting to 24 dinars per dollar, while the value of foreign remittances 62 1.918 million dollars and the exchange rate was 1187 dinars per dollar, including the commission of the Iraqi Central Bank, amounting to 21 dinars per dollar. He added that "the number of banks participating in the auction today was only 8 banks did not make any of them contracts to sell the dollar. The Iraqi central bank held six sessions per week starting from Saturday to Thursday, Thanks Ron +1 and a 5 1 Link to comment Share on other sites More sharing options...
boosterbglee Posted May 31, 2014 Report Share Posted May 31, 2014 Come on.......bring it on home! Link to comment Share on other sites More sharing options...
ronscarpa Posted May 31, 2014 Author Report Share Posted May 31, 2014 Decline in central bank sales of dollar Thanks for the article Yota (+1) ... and for the stars...! 1 Link to comment Share on other sites More sharing options...
Laid Back Posted May 31, 2014 Report Share Posted May 31, 2014 Increase the exchange rate. That's all. Link to comment Share on other sites More sharing options...
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