Decline in central bank sales of dollar

[yota691]

Decline in central bank sales of dollar

 

Central Bank of Iraq

 

 

 

 

 

Author: Editor: br reporter: ar

Number of readings: 10

 

01/06/2014 14:20

 

Tomorrow's Press / Baghdad: Sales of the Iraqi Central Bank declined at an auction on Sunday on the sale and purchase of foreign currencies for up to 63.324 million compared with $ 85.168 million dollars was recorded in the previous session, and a stable exchange rate at 1166 dinars per dollars. said the reporter, "Tomorrow's Press," The special bulletin ERA today showed that the overall demand for the dollar distributed by 16.315 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 The value of foreign remittances 47.009 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. , adding that the number of banks participating in the auction today of 7 banks just did not make any of them contracts to sell the dollar. held CBI six sessions per week starting from Saturday to Thursday.

 

[Yukon Silvermoon]

Whoa, down another 20 million?

[yota691]

CBI: 4 billion bank sales of dollar during April 2014

 

June 1, 2014 8:37   Last Updated: June 1, 2014 8:37

 

 

 

 

Continued dollar sales at the central bank auction to rise to more than 4 billion in the last month in May as they were in April and March, while sales were in each of the months of February and January is less than 4 billion. According to the news agency, [where] the dollar sales at auction Central Bank for the month of May amounted to 4 billion, 34 million and 531 thousand dollars for a total auction sales since the beginning of the year until the end of the month of May 19 billion, 315 million and 24 000 dollars. sales were April 4 billion, 77 million and 894 000 dollars in the March 4 billion and 607 000 335 thousand dollars [the highest sales figure in the auction since last September 2013 while sales were last February 3 billion and 141 million and 821 000 dollars and sales January 3 billion and 423 million and 443 000 dollars. According to central bank data daily, these huge sums were sold at an exchange rate stable is 1166 dinars per dollar, while sold the dollar in the market at about 1220 dinars to the dollar, which means that buyers if they have sold the currency purchased from the central bank, they get the benefit of 54 dinars per dollar. and Iraqi central bank held six auction sessions per week for buying and selling currencies foreign, from Saturday to Thursday and held over the past month May 24 hearing. The sales exceeded $ 300 million in the two days of the month of May are Monday and Tuesday 12 and May 13 when the sale of 307.949 million and $ 303 million and 574 000 dollars respectively have exceeded sales in the 9-day 200 million dollars, while recorded sales declined significantly to under 100 million dollars in 5 days was the lowest 49 million and 637 000 dollars on May 4. Trying to Astgar the dollar and raise the apical Iraqi dinar board decided the Iraqi Central Bank on Saturday, allowing the money transfer companies buy dollars directly to cover the money orders and cash, in accordance with the mechanics of which were announced without the need To center banks. According to a statement of the Central Bank of Iraq that "the Board of Directors of the Iraqi Central Bank held a meeting, headed by the governor and the agency Abdel Basset Turki decided at the meeting to allow the money transfer companies buy dollars directly from the auction sale of the dollar held by the bank every day." the statement added, "The goal of allowing companies to buy the dollar directly is to cover transfers and cash in accordance with the mechanisms announced by the central bank without the need for mediation of banks that participate in the auction sale of the currency " 

[moneysoon]

Morning Yota,

I am excited to hear all the news you will bring this month. I am speculating that this month's news will introduce the Q3 I have been waiting to see.

Blessings,

[King Bean]

Thanks Yota, and a good morning. Loves me some auction action.

[ReVbo]

With the CBI rates now at 1187 for remittances, and 1190 for cash, and the official street rate at 1210, we are within the IMF's 2% compliance range, y'all. And just barely, so this is no accident.

Edited June 1, 2014 by ReVbo

[WheresmyRV?]

Yota and ReVbo, you guys rock. Thanks for breaking down the news.

[Laid Back]

CBI continue moving forward with the monetary reform.!

Go increase exchange rate.!

[10 YEARS LATER]

Dang if that building doesn't look like a fortress w/firing slits . . . albeit, somewhat oddly arranged.

 

Thanks for a very interesting artilce Yota

[TLHUBER]

Looks like a punch card thingygabob.

[ronscarpa]

 

Decline in central bank sales of dollar

 

Thanks YOTA..(+1)   

 

 

Currency Auctions

Announcement No. (2685)

The latest daily currency auction was held in the Central Bank of Iraq on Sunday, the 01-06-2014 results were as follows:

DETAILS ----------------&----------------- NOTES

Number of banks -------------------------- 7

Auction price selling dinar / US$ -------- 1166

Auction price buying dinar / US$ -------- -----

Amount sold at auction price (US$) ----- 63,324,000

Amount purchased at Auction price (US$) -----

Total offers for buying (US$) ------------- 63,324,000

Total offers for selling (US$) ------------- -----

Exchange rates

Smaller & smaller the Daily Auctions are getting...!   

Five (5) Stars, YOTA...!   

There was a +1 on each article...Thanks again..!   

[outlawclg]

And now for my next trick.....Hello article viii

Thanks Yota, revbo, and ron

[calkid11]

Thank you

[Dee-NarZ]

After they comply with the 2% rule, what is stopping them from getting locked into that rate? None of this has made much sense and you can't ask gurus.

 

Sounds to me like the iMF is wanting them to comply with keeping the exchange rate between 2% and keeping it that way once a member.

Edited June 1, 2014 by Dee-NarZ

[yota691]

one more...

Statistics [where]: central bank sales in the auction the dollar continue to rise to more than 4 billion a month

Friday, June 1, 2014 08:00

[baghdad - where]

 

Continued dollar sales at the central bank auction to rise to more than 4 billion in the last month in May as they were in April and March, while sales were in each of the months of February and January is less than 4 billion.

According to statistics prepared by all of Iraq [where] the dollar sales at the central bank auction for the month of May amounted to 4 billion, 34 million and 531 thousand dollars for a total auction sales since the beginning of the year until the end of the month of May 19 billion, 315 million and 24 000 dollars.

The Nissan sales 4 billion, 77 million and 894 000 dollars in the March 4 billion and 607.335 million dollars [the highest sales figure in the auction since last September 2013 while sales were last February 3 billion and 141 million and 821 000 dollars and sales January 3 billion and 423 million and 443 000 dollars.

According to central bank data daily, these huge sums sold a stable exchange rate is 1166 dinars per dollar, while sold the dollar in the market at about 1220 dinars to the dollar, which means that buyers if they have sold the currency purchased from the central bank, they get the benefit of 54 dinars per dollar.

The Iraqi central bank held an auction of six sessions per week for the sale and purchase of foreign currencies, starting from Saturday to Thursday and held over the past month May 24 hearing.

The sales exceeded $ 300 million in the two days of the month of May are Monday and Tuesday 12 and May 13 when the sale of 307.949 million and $ 303 million and 574 000 dollars respectively have exceeded sales in the 9-day 200 million dollars, while recorded sales declined significantly to under 100 million dollars in 5 days was the lowest 49 million and U.S. $ 637 000 on May 4.

 

In an attempt to Astgar the dollar and raise the apical Iraqi dinar board decided the Iraqi Central Bank on Saturday, allowing the money transfer companies buy dollars to cover the direct transfers and cash, in accordance with the mechanics of which were announced without the need to center banks.

 

 

According to a statement of the Central Bank of Iraq that "the Board of Directors of the Iraqi Central Bank held a meeting, headed by the governor and the agency Abdel Basset Turki decided at the meeting to allow the money transfer companies buy dollars directly from the auction sale held by the bank dollar a day."

 

 

The statement added that "the goal of allowing companies to buy the dollar directly is to cover transfers and cash in accordance with the mechanisms announced by the central bank without the need for mediation of banks that participate in the auction sale of the currency." Ended

[sandfly]

THANKS

[SocalDinar]

 We have  an improvement to the Market Rate.  1210 last three days.

 

Thanks Yota

[ronscarpa]

Thanks for the latest article YOTA..(+1)