CBI Daily Currency Auction - Monday - 28 March 2016

[ronscarpa]

Currency Auctions
Announcement No. (3166)

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

on Monday, 28/3/2016 and the results were as follows:

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

Number of banks                                       25
Number of remittance companies                19
Auction price selling dinar / US$                 1182
Auction price buying dinar / US$                 -----
Amount sold at auction price (US$)             84,669,310
Amount purchased at Auction price (US$)    -----
Total offers for buying (US$)                       84,669,310
Total offers for selling (US$)                        -----

Additionally:

1. Quantity sold to banks from the date of 01.04.2016 until 3.28.2016 (7,645,256,298) dollars.
2. Quantity sold to banks from the date of 01.04.2015 until 3.28.2016 (6,449,854,590) dollars.
3. Note that:
* Sarabie amounts transferred to accounts in banks abroad (1190) dinars per dollar. 
* Cash sales price (1190) dollars Danarlkl dollars.

[Laid Back]

This just my opinion. I don't think we will see another daily auction over $100 millions 

Specially after the cabinet reshuffle.

Go new CBI governor 

Go end of corruption

Go monetary reform

Go increase exchange rate

[bubbie]

Market price is at 1273.

[sandfly]

THANKS

[yota691]

Central recorded a slight decrease on the sale of $ 84 million

History of edits:: 03/28/2016 15:07 • 158 visits readable

[Oan- Baghdad] 
recorded sales of the Iraqi Central Bank, on Monday, a slight decrease in the auction for the sale of foreign currency to sell $ 84 million after yesterday sold $ 85 million.

According to a statement of the bank, the agency received all of Iraq [where] a copy of " The size of the amount sold today reached 84 million, and 669 thousand and $ 310, priced at 1182 dinars exchange rate against the dollar, and with the participation of 25 banks and 19 companies for the fiscal transfer." 
He pointed out that " the size of the amount of remittances and credits amounted to 51 million and 822 thousand and $ 478, in what was the quantity sold in cash 4.832 million dollars. " 
the statement said that" the amounts transferred to the accounts of banks selling abroad is priced at 1190 dinars per dollar, and the cash sales price shall be the price of 1182 dinars per dollar. " 
The statistics of the Central Bank of Iraq reported the sale of the bank $ 2.5 billion during the month of February the second low of more than $ 800 million from January last , who sold the bank more than $ 3.3 billion. 
He denied economic Adviser to the Prime Minister the appearance of Mohammed Saleh , said that the bank Central is facing a state of bankruptcy and told [where], that " the precautions of the dollar around $ 60 billion or so , " attributing the "decline in bank sales of the dollar's recent weakness to demand for the dollar because of the reduction and the reduction in government spending."