ronscarpa Posted December 11, 2014 Report Share Posted December 11, 2014 (edited) Currency Auctions Announcement No. (2840) The latest daily currency auction was held in the Central Bank of Iraq on Thursday, the 11-12-2014. The results were as follows: DETAILS & NOTES Number of banks 16 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 142,472,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 142,472,000 Total offers for selling (US$) ----- 1. Note that: The sale of remittances Price (1187) JD / dollar, including the commission of the Central Bank in the amount of 21 dinars per dollar. Cash sales price of the dollar (1190) JD / dollar, including the commission of the Central Bank in the amount of 24 dinars per dollar. 2. the quantity sold in the amount of cash (36.41 million) dollars and the quantity sold transfers of $ (106 062 000) dollars. 3. The CBI will continue to sell and buy the dollar and the price (1166) and receive the same commission mentioned above. Edited December 11, 2014 by ronscarpa Link to comment Share on other sites More sharing options...
Yukon Silvermoon Posted December 11, 2014 Report Share Posted December 11, 2014 What is this 21/24 dinars per dollar number they keep reinterating? I like it. Link to comment Share on other sites More sharing options...
Furbrain Posted December 11, 2014 Report Share Posted December 11, 2014 Yukon- I believe that is the spread the bank keeps for its services when exchanging from one currency to the next. 1 Link to comment Share on other sites More sharing options...
Laid Back Posted December 11, 2014 Report Share Posted December 11, 2014 The CBI is making a killing on commissions $21 and $24 dinars per dollar.! I would like to know the size of the reserves? I don't believe in the $67 billions reported by the IMF Go Iraq, Go Strong Link to comment Share on other sites More sharing options...
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