ronscarpa Posted November 17, 2015 Report Share Posted November 17, 2015 Currency AuctionsAnnouncement No. (3075)The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on Tuesday, 17/11/2015 and the results were as follows: DETAILS -------------------&------------------- NOTESNumber of banks 22Number of remittance companies 18Auction price selling dinar / US$ 1166Auction price buying dinar / US$ -----Amount sold at auction price (US$) 291,035,126Amount purchased at Auction price (US$) -----Total offers for buying (US$) 291,035,126Total offers for selling (US$) -----Additionally:1. Quantity sold to banks from the date of 01.04.2015 until 11.17.2015 (38,773,592,231) dollars.2. Quantity sold to banks from the date of 01.04.2014 until 11.17.2014 (45,803,887,000) 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. 5 Link to comment Share on other sites More sharing options...
djgabrielie1 Posted November 17, 2015 Report Share Posted November 17, 2015 Thanks Ron. This is what keeps Iraq running on the USD and preventing the use of IQD in my opinion. It may be reducing the note count but that should have been accomplished by now. 1 Link to comment Share on other sites More sharing options...
tigergorzow Posted November 17, 2015 Report Share Posted November 17, 2015 Ron Thanks, The CBI definitely has an hidden agenda from the GOI, Parliament, etc. Corruption is rampant so the sooner Dr. S returns the better for Iraq & us. GO RV!! 1 Link to comment Share on other sites More sharing options...
four wheel drift Posted November 17, 2015 Report Share Posted November 17, 2015 Big jump FWD GO RV Link to comment Share on other sites More sharing options...
TQueezy Posted November 17, 2015 Report Share Posted November 17, 2015 A lot of the time the cash portion of the auction sales is so small it would barely last a small fraction of the Iraqi population halfway through the day. The remittances are the larger portion almost every auction, and those are electronic funds sent overseas converted to US dollar, electronically, remittances are like gifts or payments for services or goods from outside Iraq. If the cash portion is small, they're technically not "flooding" the streets with paper US dollars. Link to comment Share on other sites More sharing options...
sandfly Posted November 18, 2015 Report Share Posted November 18, 2015 THANKS Link to comment Share on other sites More sharing options...
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