Double CBI Daily Currency Auction - Wednesday, 2 December 2015

[ronscarpa]

 This is a very strange event...tomorrows auction was held and posted today...! RON 

 

Currency Auctions
Announcement No. (3086)

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

on Wednesday, 2/12/2015 and the results were as follows: 

DETAILS ------------------------- NOTES

Number of banks 24
Number of remittance companies 16
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 170,760,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 170,760,000
Total offers for selling (US$) -----

Additionally:

1. Quantity sold to banks from the date of 01.04.2015 until 12.02.2015 (41,260,883,386) dollars.
2. Quantity sold to banks from the date of 01.04.2014 until 12.02.2014 (48,084,533,000) 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.
 

*******************************************

Announcement No. (3087)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq for Thursday, 3/12/2015 - with the post day Wednesday, 2/12/2015 and the results were as follows: 

DETAILS ------------------------ NOTES

Number of banks 3
Number of remittance companies 2
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 2,170,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 2,170,000
Total offers for selling (US$) -----

Additionally:

1. Quantity sold to banks from the date of 01.04.2015 until 12.03.2015 (41,263,053,386) dollars.
2. Quantity sold to banks from the date of 01.04.2014 until 12.03.2014 (48,283,675,000) 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.

 

********************************************************

 

New Currency Exchange Rates

 

Australian Dollar   AUD    858.605    858.175

 

CURRENCY CODE SELL BUY US dollar USD 1182.000 1180.000 Euro EUR 1252.920 1252.294 British pound GBP 1782.220 1781.328 Canadian dollar CAD 883.937 883.495 Swiss franc CHF 1148.911 1148.337 Swedish krona SEK 135.959 135.891 Norwegian krone NOK 136.164 136.096 Danish krone DKK 167.948 167.864 Japanese yen JPY 9.598 9.593 Special
Drawing Rights SDR 1623.973 1623.161

Indicative rates - 02.12.2015

 

 

CBI MANDATE

 

The primary objectives of the Central Bank of Iraq (CBI) is to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq.

 

 

 

[tigergorzow]

Ron Thanks, Is this a first for the CBI that this has happened? Only 2 million for Dec 3.

GO RV!!

[ronscarpa]

CURRENCY                       CODE          SELL             BUY

US dollar                       USD           1182.000      1180.000
Euro                             EUR           1252.920      1252.294
British pound                 GBP           1782.220      1781.328
Canadian dollar              CAD            883.937        883.495
Swiss franc                    CHF           1148.911      1148.337
Swedish krona                SEK             135.959       135.891
Norwegian krone             NOK            136.164       136.096
Danish krone                  DKK            167.948       167.864
Japanese yen                 JPY                 9.598          9.593
Australian Dollar             AUD            858.605       858.175
Special Drawing Rights    SDR           1623.973      1623.161

Indicative rates - 02.12.2015

[DinarThug]

CURRENCY CODE ........SELL .......BUY

Swedish krona SEK ....135.959 135.891

Norwegian krone NOK 136.164 136.096

Frank Is Attempting To Corner The Market On The 'Lucrative' Spread Between The Swedish And Norwegian Krone's !

Thx For The Post Capt Ron !

Edited December 2, 2015 by DinarThug

[four wheel drift]

Hey Ron, I don't think I've ever seen such a HUGE decline in the auctions.

Value of the dinar declines. Didn't China put out a full page add in the NY TIMES saying they would not change the value of their currency. Then SUDDENLY the next day WHOOOPOOOW.

HOPIUM LOL

FWD

GO RV

[sandfly]

THANKS

[ronscarpa]

Ron Thanks, Is this a first for the CBI that this has happened? Only 2 million for Dec 3.

Hey Ron, I don't think I've ever seen such a HUGE decline in the auctions.

The second Auction of  US$ 2,170,000 is the lowest I can remember since 2009. I suspect it might have been due to the drop in exchange rate to 1182/$, yet they were sold at 1166/$ in the Auction. I also find it interesting that they held today's auction yesterday....I don't think today is any special day in Iraq or at the CBI.

[four wheel drift]

Thanks buddy.

I watch your auction post and I couldn't remember such a small and huge decrease.

FWD

GO RV

[tigergorzow]

Ron Thanks, The CBI is definitely working on a change in the value of the IQD. We patiently wait to see positive results.

Keeping the faith!!

GO RV!!

[davis411]

Ron Thanks, The CBI is definitely working on a change in the value of the IQD. We patiently wait to see positive results.

Keeping the faith!!

GO RV!!

i sure could use some positive results and positive cash flow

 

today