CBI Daily Currency Auction - Wednesday, 11 February 2018

[ronscarpa]

Currency Auctions
 

Announcement No. (2890)

The latest daily currency auction was held in the Central Bank of Iraq on Wednesday, the 18-02-2015. 
The results were as follows:

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

Number of banks                                                24
Auction price selling dinar / US$                           1166
Auction price buying dinar / US$                           -----
Amount sold at auction price (US$)                       78,426,000
Amount purchased at Auction price (US$)               -----
Total offers for buying (US$)                                78,426,000
Total offers for selling (US$)                                -----

Exchange rates

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 $ (7,250,000) dollars and the quantity sold in the amount of remittances (71.176 million) dollars.

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

[Texstorm]

Wow 24 banks involve in todays auction, if they want to get the numbers down they need to limit the number of banks or rotate them every other day. Thanks Ron !

[dontlop]

They will eventually eliminate this cap of 75 million and it will go back up

This cap is what they been saying is driving the dinar value ( market value) down

There's a shortage of dollars so they are willing to pay more dinars to get them

So they said this is temporary unless they have the opposit of that story also , they do that , put out two storys opposit of each other I read one you read the other , then we fight about what we read

That's why I say it's just like our media republicans say one thing , democrats say the opposit

Then everyone fights about it

The kurds have their own media outlets , they all do