CBI: Sale of the bank remittances 03/09/2015

[yota691]

News and Announcements

 

• Iraqi Central Bank approved on 03/03/2015 hold a public auction, the auction ( C131 ) for the sale of the bank remittances for ( 91 ) days after   
  03/09/2015

 

[captl1]

Thanks Yota

[deniscanada]

OCR TRANSLATION BING

 

Akralbenk Iraqi almanczi need 1 Rech 3 ^ 3 ^ 5 201 public auction bidding procedure 1 3 1 h
To sell the bank transfers for (91) umarwahd ninety days and committed 20 billion dinars (200 billion dinars to change). Sold (0 0 13800) billion dinars of one hundred and thirty-eight billion dinars) from the full offerings and multiple interest rate and a higher discount rate,%) And the number of almsharimine (6) banks were azin, r. 5) amounts provided by the banks.
Central World Bank report year% j
Baghdad

[captl1]

Thanks Dennis

[yota691]

Announcement No. ( C131  )

The auction remittances No. C131 is a uniform price auction a nominal value of 200,000,000,000.000 dinars concluded auction on 03/03/2015 The presentations amounted 140,000,000,000.000 Danar.usar cutting higher discount rate to a successful tender was 5.00%

DETAILS (AMOUNT IN IRAQI DINARS)

NOTES

Bonds

Opponent

Amount Asdaria

200,000,000,000.000

The amount of the presentations

140,000,000,000.000

Pricing

Unified

Omar Sindh days

91

Settlement date

03/04/2015

Due date

06/03/2015

The number of bidders competitive bidding

6

Number of successful bidders for tenders

5

The total competitive bidding accepted

140,000,000,000.000

Total competitive bidding allocated

138,000,000,000.000

Over the returns (discount rates) competitive bidding

[4.80% -6.00%]

Price cutting%

5.00

The average yield competitive

4.98

The amount of the presentations as a percentage of the amount offered

70.00

Auction Details

[magawatt]

A staggering number of zeros in those articles. Whuzit mean? They are backtracking on the auctions?

[10 YEARS LATER]

Hmmmm . . . if they were backtracking on the auctions, well, it wouldn't come as a shock but let's hope not.

[gregp]

I'm thinking the CBI, just moved a bunch of deenar.

[Saintsfan]

Thank you

[sandfly]

THANKS

[Officiallytook]

and committed 20 billion dinars (200 billion dinars to change).

? I'm thinking three different things here, yoga somebody point me in the right direction , thanks =)

[staunch]

I don't pretend to understand this but, it just seems like they changed the procedures for the auctions. How is this way different? ?

[mr.unlikely]

There is a lot of 0's but if you look three of them are to the right of the decimal point. These auctions have been going on for some time, you can look on the CBI website and follow them. They also have 180 day auctions. I think this to finance short term liquidity issues. They also do government auctions. I need more coffee and to go to CBI and refresh my memory, but the info is there. There is also a communique showing current and future cbi currency regime protocols. What they are using now and what they would like to implement moving forward. It is very readable, not in arablish and is a great read to help understand what is transpiring within the cbi and gov. Regarding the changes that are being made.

[Rome M]

Where is Doc when you need him? !

[tlars brother]

these are 90 day notes...they have been selling them for a long time.  this is nothing new and does not change the remittance protocol.

[jcfrag]

Most currencies drop against the dollar when the country stops selling them as the demand is still there. Seems to me the thing to do is to just RV for crying bout loud and make the dinar as valuable as the dollar and then everyone will want dinars over dollars. It's not as if the dinar is going to suddenly become unstable if they do that, not with all the gold sitting in their vaults....

[TBomb]

Sale of 138 billion dinars in the auction, "remittances" Central

March 9, 2015 12:35   Last updated: March 9, 2015 12:35

 

 

Image from Reuters - Arabian Eye

Cairo - direct: the Iraqi Central Bank said on Monday it was selling 138 billion dinars from the sale of full-emissivity remittances Bank for 91 days.

The bank said in a statement posted on his official website that he has been selling at a price of multi-utility and the highest discount rate of 5%.

According to the statement, the number of participants has reached 6 banks won five, including the amounts provided.

The bank had announced on the third of March announced the launch of a public auction, "AuctionC131 "for the sale of the bank for their remittances (91) and $ 200 billion dinars.

 

http://www.mubasher.info/ISX/news/2711354/%D8%A8%D9%8A%D8%B9-138-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D9%81%D9%8A-%D9%85%D8%B2%D8%A7%D8%AF-%D8%AD%D9%88%D8%A7%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A#.VP3SC_zF-So

Edited March 9, 2015 by TBomb

[Catluver67]

"direct: the Iraqi Central Bank said on Monday it was selling 138 billion dinars from the sale of full-emissivity remittances Bank for 91 days."

So they are selling dinar instead of dollars now?

[eburt]

None of this makes any since - how are they able to do this without an RV? This is mind breaking for sure!!! I am so sick of this ride....

[jcfrag]

None of this makes any since - how are they able to do this without an RV? This is mind breaking for sure!!! I am so sick of this ride....

I don't get it either ...totally not understanding this "remittance" thang..

Edited March 9, 2015 by jcfrag

[boosterbglee]

More smoke and mirrors, who really knows, at this point it just gets very discouraging! 

[Tacman]

MEDIC!     I have a headache in my eye that is short circuiting my brain!  WHAT? 

[Palmtree1970]

Lol I'm ready to get far far away from reading about Iraq please be over soon......

[stealthwarrior]

What the hell does that mean?

[jeepguy]

from  past article about  banks   selling  bonds  ,   and government bonds too  lower banks  this  sure sounds like  they have  sold bonds  through  the auction , and  the remittances   are the receipts  of those  transactions !     the  %  difference  is  a  something  type  number !  it could  be  rounded out too 1.20  in the difference   of the  values  that  had been   sold   from highs  too low`s   ---  but  then again  I  do like reading between the lines !