CBI Daily Currency Auctions - Tuesday - 24 May 2016

[ronscarpa]

Currency Auctions

Announcement No. (3205)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on Tuesday, 24/5/2016 and the results were as follows:

 

DETAILS	NOTES
Number of banks	31
Number of remittance companies	18
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	-----
Amount sold at auction price (US$)	120,836,770
Amount purchased at Auction price (US$)	-----
Total offers for buying (US$)	120,836,770
Total offers for selling (US$)	-----

 

Additionally:

1. Quantity sold to banks from the date of 01.04.2016 until 5.24.2016 (12,044,439,637) dollars.

2. Quantity sold to banks from the date of 01.04.2015 until 5.24.2015 (12,275,086,393) dollars.

3. Note that:

    * Sarabie amounts transferred to accounts in banks abroad (1190) dinars per dollar. 

    * Cash sales price (1190) dollars Danarlkl dollars.

Edited May 24, 2016 by ronscarpa

[Wiljor]

Much obliged Ron 

[DWitte]

How come I've been hearing for years that these auctions were going to go away, but they never do?

[sandfly]

Thanks 

[yota691]

Central sales drop today to $ 120 million

History of edits:: 24.05.2016 15:21 • 116 visits readable

[Oan- Baghdad] 
recorded sales of the Iraqi Central Bank, on Monday, a drop in the weekly auction for the sale of foreign currency, the sale of $ 120 million, having sold Sunday, $ 123 million.

The bank said in a statement received by all of Iraq [where] a copy of the "size of the amount sold today reached 120 million, 836 thousand, and $ 770, priced at 1182 dinars exchange rate against the dollar, and with the participation of 31 banks and 18 financial transfer company." 
He explained that " the size of the amount of remittances and credits amounted to 107 000 091 thousand, and $ 770, while the quantity sold in cash 13 million and 745 thousand dollars. " 
He said the bank 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 statistical interview [where] around the central sales in the first trimester of this year, in January, February, March, April, and amounted to 10 billion and 118 million and 308 000 and $ 524, an approach to imports of Iraqi oil to the same period reaching 10 billion and 748 million dollars. 
the record difference in favor of higher oil imports valued at 629 million and 691 thousand and $ 476 compared tosales of the central bank in the first trimester of 2016.