CBI Daily Currency Auctions - Wednesday, 16 July 2014

[ronscarpa]

Currency Auctions
Announcement No. (2724)

The latest daily currency auction was held in the Central Bank of Iraq on Wednesday, the 16-07-2014. 
The results were as follows:

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

Number of banks --------------------------- 14
Auction price selling dinar / US$ --------- 1166
Auction price buying dinar / US$ --------- -----
Amount sold at auction price (US$) ------ 210,626,000
Amount purchased at Auction price (US$) ----
Total offers for buying (US$) -------------- 210,626,000
Total offers for selling (US$) -------------- ----- 

Exchange rates

 

Even though there were only 14 banks, the auction per bank was high at $15,044,714 per bank...!   

[waterman13]

Wow, that big for 14 banks. Thanks Ron

Wm13

[dontlop]

Ya the Kurds don't have much to do any more since they are cut out of the budget no need to participate in auctions with no dinar to sell

They aren't making payroll any more their broke and looking to negotiate so they can start up govt employees Salarys again

But the rest of the country seems to be moving right along

The Sunnis are most likely kinda screwed to since they sponcers terrorism that robs their banks

Edited July 16, 2014 by dontlop

[dontlop]

There used to be more banks participating in the auctions especially when the Kurds were paying their govt worker Salarys in dinar

But for 7 months they are cut out of the budget

So the dinars are not flowing to Kurdistan like they used to

[millionaire in training]

Forgive me for asking but is this a bad thing?