Deb45 Posted February 25, 2015 Report Share Posted February 25, 2015 Haven't really seen anything today about if CBI is still holding firm on no Dollar auctions/transactions. Yesterday it was all the twitter and they were having runs on the banks. Today just crickets. Anyone??? Link to comment Share on other sites More sharing options...
TBomb Posted February 25, 2015 Report Share Posted February 25, 2015 (edited) here's the link to check daily, Deb - so far no auctions since the 19th of feb http://www.cbi.iq/documents/CBI_FOREIGN_EXCHANGE_AUCTIONS.pdf Edited February 25, 2015 by TBomb Link to comment Share on other sites More sharing options...
bsims25 Posted February 25, 2015 Report Share Posted February 25, 2015 Haven't really seen anything today about if CBI is still holding firm on no Dollar auctions/transactions. Yesterday it was all the twitter and they were having runs on the banks. Today just crickets. Anyone??? Check out this thread.. http://dinarvets.com/forums/index.php?/topic/197852-central-bank-start-applying-the-new-system-of-remittances-and-sell-currency/#entry1504466 Link to comment Share on other sites More sharing options...
BJinMontreal Posted February 25, 2015 Report Share Posted February 25, 2015 Currency Auctions Announcement No. (2891) The latest daily currency auction was held in the Central Bank of Iraq on the 19-02-2015 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$) 85,993,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 85,993,000 Total offers for selling (US$) ----- Link to comment Share on other sites More sharing options...
firemans35 Posted February 26, 2015 Report Share Posted February 26, 2015 2-26-2015 Newshound Guru Tlar The CBI made at the least a temporary strategic decision to start selling the dollar again to the banks to cover the remittance side of what was the auctions. When they pushed the responsibility for remittances over to the independent banks and cut off the auctions at the same time, they essentially left the bank with few options and almost no way to obtain the hard currency needed to pay these imports with. On the one hand they said you have to now pay for international orders and imports but we won't sell you the USD to be able to pay for it. This immediately pressurized the system because potentially it stood to bring purchases to a stand still if not fixed. True or not I don't know. Just posting what I read. Link to comment Share on other sites More sharing options...
rulesforrebels Posted March 6, 2015 Report Share Posted March 6, 2015 I heard on some blog that ISIS was not allowing Dinar to leave Iraq and that is the reason for all the price increases and some dealers making people wait a week or two to get Dinar. Not sure if that is true or not but if so reminds me of what the cartels in Mexico were doing with limes a few months back when limes went from being like 20 for $1 to like almost a dollar a lime. It was the cartels behind that. Link to comment Share on other sites More sharing options...
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