Synopsis Posted March 3, 2016 Report Share Posted March 3, 2016 Currency AuctionsAnnouncement No. (3150)The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 3/3/2016 and the results were as follows:Details NotesNumber of banks 26Number of remittance companies 16Auction price selling dinar / US$ 1182Auction price buying dinar / US$ -----Amount sold at auction price (US$) 86,600,000Amount purchased at Auction price (US$) -----Total offers for buying (US$) 86,600,000Total offers for selling (US$) ----- Looks like the daily currency auction results is continuing overall to trend in the right direction! 5 Quote Link to comment Share on other sites More sharing options...
gixxerfrog Posted March 3, 2016 Report Share Posted March 3, 2016 Wow that's low Quote Link to comment Share on other sites More sharing options...
skeetdog Posted March 3, 2016 Report Share Posted March 3, 2016 Thanks Synopsis....Lookin' ever so good... 1 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted March 3, 2016 Report Share Posted March 3, 2016 Ever so good indeed skeet 2 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted March 3, 2016 Report Share Posted March 3, 2016 Thank You ! Quote Link to comment Share on other sites More sharing options...
Laid Back Posted March 3, 2016 Report Share Posted March 3, 2016 Thanks Synopsis...... Is going down.! In the past less banks participating and the amount of the daily auction was between $200 - 300 millions Now we see more banks participating and the amount of the daily auctions is around $100 millions End of corruption on the daily auctions? The beginning of the the end of daily auctions? New monetary policy? I believe we are witnessing the end of corruption and the end of daily auctions. Go CBI Go new monetary policy Go end of daily auctions Go dinar Go increase exchange rate Go $1:1 12 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted March 3, 2016 Report Share Posted March 3, 2016 Currency AuctionsAnnouncement No. (3150)The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on Thursday, 3/3/2016 and the results were as follows: DETAILS ------------------ & ---------------- NOTESNumber of banks 26Number of remittance companies 16Auction price selling dinar / US$ 1182Auction price buying dinar / US$ -----Amount sold at auction price (US$) 86,600,000Amount purchased at Auction price (US$) -----Total offers for buying (US$) 86,600,000Total offers for selling (US$) -----Additionally:1. Quantity sold to banks from the date of 01.04.2016 until 3.03.2016 (6,137,694,682) dollars.2. Quantity sold to banks from the date of 01.04.2015 until 3.03.2015 ((4,757,374,000) dollars.3. Note that: * Sarabie amounts transferred to accounts in banks abroad (1190) dinars per dollar. * Cash sales price (1190) dollars Danarlkl) dollars. 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted March 3, 2016 Report Share Posted March 3, 2016 Thanks Synopsis...... Is going down.! In the past less banks participating and the amount of the daily auction was between $200 - 300 millions Now we see more banks participating and the amount of the daily auctions is around $100 millions End of corruption on the daily auctions? The beginning of the the end of daily auctions? New monetary policy? I believe we are witnessing the end of corruption and the end of daily auctions. Go CBI Go new monetary policy Go end of daily auctions Go dinar Go increase exchange rate Go $1:1 I am feeling the same way about this. I really like the fact that the dollar value is way down. I would be interested how many 25k notes are being cashed in as compared to, say 10k notes. I felt that the 25k notes would be first. Once they got sucked up you would start to see more of the 10k notes. That would be a good sign that the 25k notes are drying up. 6 Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted March 3, 2016 Report Share Posted March 3, 2016 ... That would be a good sign that the 25k notes are drying up. ***/// They're welcome to the ones we're holding, brotha ! At a phenominal rate of exchange, natch ! 6 Quote Link to comment Share on other sites More sharing options...
Dinarian64 Posted March 3, 2016 Report Share Posted March 3, 2016 Ron why are CBI auctions meaningful? I don't get it.. Basically we are seeing their exchange of oil and the auctions have gone up and down the the price Enlighten me please on how this relates to the rv? Quote Link to comment Share on other sites More sharing options...
Dinarian64 Posted March 3, 2016 Report Share Posted March 3, 2016 (edited) I think I saw this same post by RonScarpa. I asked him how this relates to the RV? I'm still clueless about that. Please explain… You all seem to know something I don't. . Edited March 3, 2016 by Dinarian64 Quote Link to comment Share on other sites More sharing options...
freeroy Posted March 3, 2016 Report Share Posted March 3, 2016 what happened to their ending auctions in Feb ???? Quote Link to comment Share on other sites More sharing options...
calkid11 Posted March 3, 2016 Report Share Posted March 3, 2016 Thank you Ron Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted March 3, 2016 Report Share Posted March 3, 2016 ***/// They're welcome to the ones we're holding, brotha ! At a phenominal rate of exchange, natch ! Plus that post SgtFuryUSCZ. 1 Quote Link to comment Share on other sites More sharing options...
davis411 Posted March 3, 2016 Report Share Posted March 3, 2016 natch really thats what it means i thought maybe auto correct Quote Link to comment Share on other sites More sharing options...
Gypsygirl11 Posted March 3, 2016 Report Share Posted March 3, 2016 The auction is crazy low, wow. When is it going to stop is the question. Quote Link to comment Share on other sites More sharing options...
sandfly Posted March 4, 2016 Report Share Posted March 4, 2016 THANKS 1 Quote Link to comment Share on other sites More sharing options...
sandfly Posted March 4, 2016 Report Share Posted March 4, 2016 LET IT KEEP GOING DOWN 1 Quote Link to comment Share on other sites More sharing options...
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