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Double CBI Daily Currency Auction - Thursday, 24 July 2014


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Currency Auctions
Announcement No. (2732)


The latest daily currency auction was held in the Central Bank of Iraq for Saturday, the 26-07-2014; 
and posted on Thursday, 24-07-2014. The results were as follows:

DETAIL ------------&----------- NOTES

Number of banks 9
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 110,683,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 110,683,000
Total offers for selling (US$) -----

------------------------------------------------------------------------------------------

Announcement No. (2733)

The latest daily currency auction was held in the Central Bank of Iraq for Sunday, the 27-07-2014; 
and is posted on Thursday, 24-07-2014. The results were as follows:

DETAIL ------------&----------- NOTES

Number of banks 15
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 185,890,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 185,890,000
Total offers for selling (US$) -----

Exchange rates

 

A double auction for the CBI was held today to cover Saturday & Sunday since they fall during the EID religious holiday.  Yesterday held two as well, for Wednesday & Thursday (today). Friday there is no CBI auctions.  :tiphat: 

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So does ANYONE ask why they did this?  In the past 4 1/2 years I have never seen the post ADVANCED auctions one day ahead of time.  Then on Thursday they post 2 ADVANCED auctions for 2 and 3 days ahead of time !!!!!!!!!

Makes me go HHHHmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm !!!

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Well it coincides with both the CBI and Forex being down at the same time if the CBI does not open and hold auctions on Saturday or Sunday again.   It also allows them to go into EID on Monday shut down !   JMO

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Thanks Ron...If these are double auctions would we then divide them...making four straight auctions under $100 million...Does this do anything toward the 1202 projection...With Eid and the banks being closed for four days...Am I reaching for something that isn't there....

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