CBI Daily Currency Auction - Sunday, 11 January 2015

[ronscarpa]

Currency Auctions  

 

Announcement No. (2862)

 

The latest daily currency auction was held in the Central Bank of Iraq on Sunday, the 11-1-2015. 

The results were as follows:

 

DETAILS                         &                              NOTES

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Number of banks                                             13

Auction price selling dinar / US$                      1166

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

Amount sold at auction price (US$)                  155,137,000

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

Total offers for buying (US$)                            155,137,000

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. quantity sold in cash of $ (3,400,000) dollars and the quantity sold transfers of $ (151 737 000) dollars.

3. The CBI will continue to sell and buy the dollar and the price (1166) and receive the same commission mentioned above.

Edited January 11, 2015 by ronscarpa

[yota691]

More than $ 155 million central bank sales in the auction on Sunday

Sunday, December 11 2 / January 2015 12:02

[baghdad-where]

Reached central bank sales in the auction on Sunday, foreign currency for the sale of more than $ 155 million.

According to a statement of the bank received by all of Iraq [where] a copy of the "amount sold by the bank the size of today's auction at the price of the dollar stood at 155 million and 137 thousand dollars at the exchange rate in 1166 dinars to the dollar and with the participation of 13 banks."

He pointed out that "the quantity sold in cash amounted to three million and 400 thousand dollars, and the quantity sold Khawwalat amounted to 151 million and 737 000 dollars."

The statement said that "the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars," adding that "the sale of remittances price 1187 JD / dollar, including the commission of the Central Bank of 21 dinars per dollar, with total cash sales price of $ 1190 JD / dollar, including the commission Bank Central of 24 dinars per dollar. "

The statistical interview [where] about central bank sales of the dollar last year 2014 amounted to 49 billion, 579 million and 738 thousand dollars. It's over

[Laid Back]

"The statistical interview about central bank sales for the dollar last year 2014 amount to $49 billion, 579 million and 738 thousand dollars"

WoW......Almost 58 trillion dinars

If they're using dinars to buy dollars. I bet the CBI is keeping the majority of high denomination notes.. Like the 25k note

I would like to know the real amount of cash reserves.

Thanks for the post.

Edited January 11, 2015 by Laid Back

[ronscarpa]

Thanks Yota (+1) and Laid Back (+1)...Have a great evening