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CBI Daily Currency Auction - Wednesday, 23 Sept. 2015


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Currency Auctions
Announcement No. (3042)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on Wednesday, 23/9/2015 and the results were as follows: 

DETAILS ------------------------- NOTES
Number of banks 24
Number of remittance companies 12
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 170,614,521
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 170,614,521
Total offers for selling (US$) -----


1. Quantity sold to banks from the date of 01.04.2015 until 09.23.2015 (32,063,125,616) dollars.
2. Quantity sold to banks from the date of 01.04.2014 until 09.23.2014 (37,952,481,000) 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.

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I'm curious... will anybody post/follow these auctions after the RV? :)

 It depends on where the IQD is valued when it goes International.  If it is low, many who hold IQD may delay cashing in - and wait for it to rise to a more realistic or desirable value. Some will cash out totally and some will wait and see.  Remember, the IQD is the real currency of a soverign nation, Iraq. If it comes out high, almost everyone will cash in, and there would be no reason to monitor it here.  Anyone who holds the IQD after any value increase will most likely monitor the website themselves.  I hope this helps..RON  :tiphat:

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