Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
Sign in to follow this  
TQueezy

CBI Daily Currency Auctions

Recommended Posts

Currency Auctions Announcement No. (3130)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 4/2/2016 and the results were as follows:

 

DETAILS NOTES Number of banks 24 Number of remittance companies 20 Auction price selling dinar / US$ 1182 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 138,559,667 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 138,559,667 Total offers for selling (US$) -----
 

 

 

Market rate: 1,236

 

Auction rate: 1,182

 

Total sales: 138,559,667

 

 

Cash sales: 17,370,000

 

 

 

Electronic: 121,189,667

  • Upvote 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.



  • Similar Content

    • By Luigi1
      3/9/2018  RayRat....
      Friday – The CBI announces “financial stability” for Iraq. [The establishing of a government should be all that’s left?]
      Iraqi president, Masoum, receives a special US envoy whose purpose was to support the “stability of Iraq” and continue to provide assistance as per previous agreement.
      Iraq is discontinuing the use of US dollars for trade transactions with Iran and will use the Euro, the Rial and the Dinar. The 2% compliance issues are no longer a concern.
      16 political parties agreed to form a coalition of “reform and construction” which was announced as the most powerful Parliamentary block, calling themselves the “Alliance.”
      On Monday, the new session of Parliament opened, deputies took their oath of office, and then recessed for the day. They will resume on Tuesday to elect the presidencies and other matters.
      [On the surface, financial stability and a stable government seem to prevail……let’s see the CBI’s next move.]
    • By Dinardarp
      Hopefully this means something is up?
       

       
      http://www.iraq-businessnews.com/2018/05/18/newtechnic-wins-contract-for-new-central-bank-of-iraq/
    • By normala rashid
      tommy opinion
       
      I think you fail to understand the relationship between the Vietnamese dong and the US dollar. Although the dong is not freely convertible, it remains loosely pegged to the dollar in an arrangement known as a ‘crawling peg’. The USA is Vietnam’s top trading partner, so why would they jeopardise that foreign investment coming in by making it more expensive for them to buy Vietnamese goods?
      Fluctuations in Vietnamese inflation also alter the difference in the inflation rates of Vietnam and its trading partners. This will have an impact on the exchange rate of the two currencies. If Vietnam’s inflation rate exceeds that of its trading partner then there will be upward pressure on the real exchange rate. There would be a consequent deterioration of Vietnam’s competitive position, with all the subsequent negative effects on the economy. To prevent a rise in the real exchange rate, the dong has to depreciate relative to the foreign currency in order to reflect the inflation differential.
      However, since the beginning of 2013, the real exchange rates of the dong with the US dollar and the renminbi have both been larger than one. This means that Vietnam’s competitive positions in its bilateral export markets with China and the United States have deteriorated. To improve competitiveness, the SBV could tighten monetary policy to reduce inflation. Alternatively, it could allow its currency to depreciate faster. Both entail short-term pain and long-term gain. The SBV will likely justify this by saying that it is necessary to bring jobs to Vietnam in the age of globalisation.
       
      my opinion 
      Iraq as big export of crude oil . Inflation will less faster than you expected. I have seen a once that cbi put  1.2 dollar rate in the website . I think iraq will make adjustments rate and delete 3 zero  and reduce the rate and peg dollar to boost export . 
       
      I really hope  global  currency reset could be happens and  vietnam reinstant their currency . I will put my money in vietnam stock before gcr be happens . 
       
    • By Half Crazy Runner
      Can anyone explain to me why must they pass the HCL law before there can be a revaluation of the dinar?  What is the connection? It certainly doesn’t look like the GOI will ever agree on this or even bring it up for a vote. They keep pushing it off to the “next session” year after year...  Is it at all possible that we can ever see an RV without the HCL law passing?
    • By Luigi1
      3 April 2018  Whitelions: Is it time to delete three zeros from the currency? The central bank submitted a project to delete three zeros of the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deteriorating security and political situation in the country.
      The governor of the Central Bank, Ali al-Alaq, in a discussion session with the editors of a number of Iraqi media, including “Economy News”, “The subject of deleting zeros from the currency is ready, but it needs an environment suitable to apply,” noting that ” To prevent manipulation and fraud by the owners of weak souls. ”
  • Popular Now

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.