CBI Daily Currency Auctions - Posted on Monday, 15 June 2015

[ronscarpa]

Well here we go again...The CBI posted Last Thursday's & Sunday's Daily Auction today, on Monday, the 15th of June...! Strange behavior IMHO....RON   

 

Currency Auctions

Announcement No. (2970)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on Thursday, 11/06/2015 and the results were as follows: 

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

Number of banks                                           26
Number of remittance companies                   0
Auction price selling dinar / US$                     1166
Auction price buying dinar / US$                     -----
Amount sold at auction price (US$)                165,986,725
Amount purchased at Auction price (US$)       -----
Total offers for buying (US$)                          165,986,725
Total offers for selling (US$)                           -----


************************************************************************************************

Announcement No. (2971)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on Sunday, 14/06/2015 and the results were as follows: 

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

Number of banks                                            19
Number of remittance companies                    3
Auction price selling dinar / US$                      1166
Auction price buying dinar / US$                      -----
Amount sold at auction price (US$)                 125,692,500
Amount purchased at Auction price (US$)        -----
Total offers for buying (US$)                           125,692,500
Total offers for selling (US$)                            -----

[djgabrielie1]

That is indeed strange Ron. Why do you think they are doing that recently?

[sandfly]

THANKS

[ronscarpa]

That is indeed strange Ron. Why do you think they are doing that recently?

 

Well DJ, I really don't have any reasonable idea. I can submit some possible ideas, but I'm not sure any can be validated. I'll stick with the "wait & see" viewpoint. They just posted a new Daily Auction today - Tuesday, 16 June...! Blessings...RON