ronscarpa Posted August 31, 2014 Report Share Posted August 31, 2014 Currency Auctions Announcement No. (2757) The latest daily currency auction was held in the Central Bank of Iraq on Saturday, the 30-08-2014 with the post on Sunday, the 31-08-2014. the-results were as follows: DETAILS NOTES Number of banks 12 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 100,684,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 100,684,000 Total offers for selling (US$) ----- Announcement No. (2758) The latest daily currency auction was held in the Central Bank of Iraq on Sunday, the 31-08-2014. the results were as follows: DETAILS NOTES Number of banks 19 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 192,425,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 192,425,000 Total offers for selling (US$) ----- 5 Link to comment Share on other sites More sharing options...
chinadawg Posted August 31, 2014 Report Share Posted August 31, 2014 Remains within the 2% IMF article 8 compliance..........steady for nearly a week now.!!..............coincidence ?......NOT.... 6 Link to comment Share on other sites More sharing options...
yota691 Posted August 31, 2014 Report Share Posted August 31, 2014 Decline in central bank sales and the value of foreign remittances amounted to more than 55 million dollars BAGHDAD - Iraq Press - August 31 / August announced a source familiar with, that the value of foreign remittances in the central bank auction on Sunday, amounted to 55 million and 374 000 dollars and the exchange rate was 1187 dinars per dollar, including the commission of the Iraqi Central Bank, amounting to 21 dinars for each dollars, with the participation of 12 banks did not make any of them contracts to sell the dollar. The source pointed out that "the Iraqi central bank sales of dollar fell to 100 000 684 dollars at auction, Sunday, compared with 193 million and 850 thousand dollars had been recorded at an auction the previous day, and a stable exchange rate at 1166 dinars per dollar." He said, "The special bulletin ERA today showed that the total demand for the dollar distributed by 45.31 million dollars in cash, and the exchange rate was 1190 dinars dinars per dollar, including the commission and the Bank for cash sales, amounting to 24 dinars per dollar. Admiral ended 2 Link to comment Share on other sites More sharing options...
calkid11 Posted August 31, 2014 Report Share Posted August 31, 2014 Thank you 1 1 Link to comment Share on other sites More sharing options...
skeetdog Posted September 1, 2014 Report Share Posted September 1, 2014 Thanks Ron/Yota...Hold it steady Boyz...steady as she goes... Link to comment Share on other sites More sharing options...
djgabrielie Posted September 1, 2014 Report Share Posted September 1, 2014 2751/2752 24-Aug 1,212 1,166 309,143 92,005 217,1382753 25-Aug 1,212 1,166 198,355 64,800 133,5552754 26-Aug 1,203 1,166 225,147 88,775 136,3722755 27-Aug 1,201 1,166 197,179 63,055 134,1242756 28-Aug 1,201 1,166 193,850 78,580 115,270 29-Aug NO AUCTION NO AUCTION NO AUCTION NO AUCTION NO AUCTION 30-Aug NO AUCTION NO AUCTION NO AUCTION NO AUCTION NO AUCTION2757/2758 31-Aug 1,201 1,166 293,109 97,530 195,579 Since the last double auction, you can see that the Market Price (in red) is below the 2%. 1 Link to comment Share on other sites More sharing options...
jim1126 Posted September 1, 2014 Report Share Posted September 1, 2014 djgabrielie, You say the market price is below 2%... 2% of what?. 1166 plus 2% is 1189... It is actually closer to 3% above the CBI rate. Please specify what you mean... Thank you Link to comment Share on other sites More sharing options...
chinadawg Posted September 1, 2014 Report Share Posted September 1, 2014 (1.865%) 1201 - 1179 = 22 22 X 100 = 2200 2200/1179 = 1.865% 1 Link to comment Share on other sites More sharing options...
chinadawg Posted September 1, 2014 Report Share Posted September 1, 2014 (edited) (1.865%) 1201 - 1179 = 22 22 X 100 = 2200 2200/1179 = 1.865% (1166 CBI rate +13 commission=1179)..........................1.86....under the 2% Edited September 1, 2014 by chinadawg 1 Link to comment Share on other sites More sharing options...
lillymoon Posted September 1, 2014 Report Share Posted September 1, 2014 Thanks. Link to comment Share on other sites More sharing options...
sandfly Posted September 1, 2014 Report Share Posted September 1, 2014 THANKS Link to comment Share on other sites More sharing options...
ronscarpa Posted September 1, 2014 Author Report Share Posted September 1, 2014 Thanks DJG...(+1) good job...! 1 Link to comment Share on other sites More sharing options...
djgabrielie Posted September 1, 2014 Report Share Posted September 1, 2014 djgabrielie, You say the market price is below 2%... 2% of what?. 1166 plus 2% is 1189... It is actually closer to 3% above the CBI rate. Please specify what you mean... Thank you 2% of what the market rate was in 2010./2011 As high/low based on your perspective as 1195, At the beginning of 2011 it was 1190. The market rate has been changing since I have been following it in 2010. See for yourself. I also posted the spreadsheet a week ago. http://www.cbi.iq/documents/CBI_FOREIGN_EXCHANGE_AUCTIONS.pdf Link to comment Share on other sites More sharing options...
jim1126 Posted September 1, 2014 Report Share Posted September 1, 2014 Thnks guys.... that's 2 different explanations... Can you provide any documentation on this? Just trying to get to some facts, not just what some gurus have repeated. Where does it say the market rate has to be below 2%? Is this from the CBI or the IMF? Then where does it explain the breakdown for the 2% Just saying...not trying to be a pest. Our readers would be better off knowing that this is from source material, not rehash from someones cc. Thanks Link to comment Share on other sites More sharing options...
skeetdog Posted September 1, 2014 Report Share Posted September 1, 2014 Damn, and all this time I was under the impression that Ron, chinadawg, Yota and djgabrielie were source material on this subject.... Link to comment Share on other sites More sharing options...
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