ronscarpa Posted November 18, 2015 Report Share Posted November 18, 2015 (edited) Currency AuctionsAnnouncement No. (3076)The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on Wednesday, 18/11/2015 and the results were as follows: DETAILS -------------------&-------------------- NOTESNumber of banks 27Number of remittance companies 18Auction price selling dinar / US$ 1166Auction price buying dinar / US$ -----Amount sold at auction price (US$) 261,784,410Amount purchased at Auction price (US$) -----Total offers for buying (US$) 261,784,410Total offers for selling (US$) -----Additionally:1. Quantity sold to banks from the date of 01.04.2015 until 11.18.2015 (39,035,676,641) dollars.2. Quantity sold to banks from the date of 01.04.2014 until 11.18.2014 (45,996,866,000) 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. Edited November 18, 2015 by ronscarpa 3 Link to comment Share on other sites More sharing options...
djgabrielie1 Posted November 18, 2015 Report Share Posted November 18, 2015 Table of Auctions since 6/4/2015 http://www.cbi.iq/documents/C.B.I.%20FOREIGN%20EXCHANGE.pdf 2 Link to comment Share on other sites More sharing options...
TQueezy Posted November 18, 2015 Report Share Posted November 18, 2015 Another day, another auction. Keep it up Iraq, keep that artificial dinar value in check with US dollar circulation. Link to comment Share on other sites More sharing options...
djgabrielie1 Posted November 18, 2015 Report Share Posted November 18, 2015 With such an infusion of US dollars into Iraq, the auctions should have mopped up the IQD already. Lets face it, the country of Iraq is operating on the USD not the Iraqi Dinar. 1 Link to comment Share on other sites More sharing options...
TQueezy Posted November 18, 2015 Report Share Posted November 18, 2015 Table of Auctions since 6/4/2015 http://www.cbi.iq/documents/C.B.I.%20FOREIGN%20EXCHANGE.pdf I was just about to link this, they're putting the PDF up with that breakdown again. Looks like the cash portion from the auction totaled $41,360,000.00. 41million bucks is a lot for a country with only 30-40million people less than half of which are working adults. Link to comment Share on other sites More sharing options...
ronscarpa Posted November 18, 2015 Author Report Share Posted November 18, 2015 Thanks DJG...(+1) Link to comment Share on other sites More sharing options...
Laid Back Posted November 19, 2015 Report Share Posted November 19, 2015 Dollarize.... Increase exchange rate.... Dedollarize.! Is time to stop the auctions and give real value to the dinar.! Go Iraq Go dinar Go increase exchange rate Link to comment Share on other sites More sharing options...
sandfly Posted November 19, 2015 Report Share Posted November 19, 2015 THANKS Link to comment Share on other sites More sharing options...
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