CBI Daily Currency Auction - Sunday, 22 November 2015

[ronscarpa]

Currency Auctions
Announcement No. (3078)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq

on Sunday, 22/11/2015  and the results were as follows: 

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

Number of banks                                       25
Number of remittance companies                 18
Auction price selling dinar / US$                  1166
Auction price buying dinar / US$                  -----
Amount sold at auction price (US$)              263,783,650
Amount purchased at Auction price (US$)      -----
Total offers for buying (US$)                       263,783,650
Total offers for selling (US$)                       -----

Additionally:

1. Quantity sold to banks from the date of 01.04.2015 until 11.22.2015 (39,554,174,163) dollars.
2. Quantity sold to banks from the date of 01.04.2014 until 11.22.2014 (46,545,231,000) 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.

 

[captl1]

Thanks Ron and have a Blessed Sunday.

[ronscarpa]

The central bank opens the weekly auction to sell $ 236 million


2015/11/22 - All Iraq News

Recorded the Iraqi Central Bank sales, on Sunday, at the opening of the weekly auction for the sale of foreign currency sale of $ 263 million.

According to a statement of the bank, the agency received all of Iraq [where] a copy of "The amount sold volume today totaled 263 million, and 783 thousand, and $ 650, priced at 1166 dinars exchange rate to the dollar, and with the participation of 25 banks and 18 financial conversion company." 

He pointed out that " the amount of remittances and credits amounted to 234 million and 423 thousand and $ 650, while the quantity sold in cash 29 million and 360 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 Governor of the Central Bank and the Agency on the Keywords announced last Friday that he reserves the bank from foreign currency of 60 billion dollars, "adding that" enough for six months, "noting that" the Central Bank is working on the application of parallel policy to maintain the overall stability of prices and curb inflation, ".anthy

http://www.alliraqnews.com/modules/news/article.php?storytopic=37&storyid=21941

[djgabrielie1]

All the articles that they boast about the dedollarization are bunk. They continue to operate daily on the USD. One begins to think that they will never get around to putting value back into the IQD. Bunch of deceptive liars, cheats, and thieves.

[Texstorm]

That's how the CBI has been able to survive all of these years. I do look forward to the day when all of that changes for them. That's why I am a strong advocate of the one to one ratio because no one wants to use the dinar at it's present value. 

Thanks Ron !

[sandfly]

THANKS