CBI Daily Currency Auction - Sunday, 6 September 2015

[ronscarpa]

Currency Auctions

Announcement No. (3029)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on Sunday, 6/9/2015 and the results were as follows:

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

Number of banks                                       24
Number of remittance companies                 6
Auction price selling dinar / US$                  1166
Auction price buying dinar / US$                  -----
Amount sold at auction price (US$)              200,178,144
Amount purchased at Auction price (US$)      -----
Total offers for buying (US$)                       200,178,144
Total offers for selling (US$)                       -----

Additionally:

1. the quantity sold to banks from the date of 01.04.2015 until 09.03.2015 (29,626,893,917) dollars.
2. Quantity sold to banks from the date of 01.04.2014 until 09.03.2014 (34,973,650,000) dollars.
3. Note that:
    * Sarabie amounts transferred to accounts in banks abroad (1187) dinars per dollar, including the commission of the

Central Bank of $ 21 dinars per dollar.
    * Cash sales price (1190) dollars Danarlkl including the commission of the Central Bank of $ (24) dinars per dollar.

[yota691]

The central bank opens the weekly auction to sell more than $ 200 million

History of edits:: 2015/9/6 14:39 • 49 visits readable

[baghdad - where] 
the central bank, opened on Sunday, the weekly auction for the sale of foreign currency to sell more than $ 200 million.

According to a statement of the bank, the agency received all of Iraq [where] a copy of "The size of the amount sold today by the bank at the auction of the dollar stood at 200 million and 178 thousand and $ 144, priced at 1166 dinars exchange rate to the dollar, and with the participation of 24 banks and six companies of the financial convert" . 
He pointed out that "the amount of remittances and credits amounted to 177 million and 289 thousand, and $ 144, while the quantity sold in cash 22 million and 889 thousand 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 of 1187 dinars / dollar, including the commission of the Central Bank of $ 21 dinars per dollar, with total cash sales price of the dollar in 1190 dinar / dollar, including the commission of the Central Bank of $ 24 dinars per dollar. 
"The statistical conducted [where], based on the bank's auction Bulletin daily, reported that sales last August, amounted to more than $ 5.3 billion, the remittances of which $ 4.6 billion, and cash for $ 618 million. 
and raised suspicions of corruption and operations of money laundering through the central bank auction where announced, specialized issues of integrity and economic crime and laundering misdemeanor court Money, on 20 August issued sentences of imprisonment and a fine against officials in the Rafidain and North after being convicted on charges of corruption and money laundering, a banner earlier in the presence of 20 defendants in this some issues largely chairman. 
"The Federal Supreme Court, It announced on the sixth of July, several articles unconstitutional in budget 2015 law, including Article 50, the judge to "compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed $ 75 million a day." 
with the exception of the central bank governor Agency on the Keywords, the court's decision as "came in accordance with the Constitution and the Law on the Central Bank, which is a great importance because of its impact in promoting and supporting the independence of the Bank and remove him from influencing the policies and decisions" .anthy

[ronscarpa]

Good article Yota..Thanks (+1)