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CBI Daily Currency Auctions - Saturday, 31 May 2014


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Currency Auctions
Announcement 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 -----------------&--------------- NOTES

Number of banks -------------------------- 8
Auction price selling dinar / US$ -------- 1166
Auction price buying dinar / US$ -------- -----
Amount sold at auction price (US$) ----- 85,168,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) ------------- 85,168,000
Total offers for selling (US$) ------------- -----

Exchange rate

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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.

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4318.jpg?width=650&watermark=3

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

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