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CBI Daily Currency Auction (DOUBLE) - Monday - 3 October 2016


ronscarpa
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Currency Auctions

Announcement No. (3288)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on Sunday, 02/10/2016 and posted on 03/10/2016 with the results were as follows:

DETAILS NOTES
Number of banks 4
Of Number remittance companies 0
Auction price selling dinar / US $ 1182
Auction price buying dinar / US $ -----
Amount sold at auction price (US $) 3.12 million
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 3.12 million
Total offers for selling (US $) -----

ADDITIONALLY:
1. Quantity sold to banks from the date of 01.04.2016 until 9.29.2016 ( 23,309,297,719 ) dollars
2. Quantity sold to banks from the date of 01.04.2015 until 9.29.2015 (
32,748,625,087 ) dollars.
3. Note that:
* Sarabie amounts transferred to accounts in banks abroad (1190) dinars per dollar. 
* Cash sales price (1190) dollars Danarlkl dollars.

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

Announcement No. (3289)

The opening offers the sale and purchase of foreign currency in the window of the Central was Bank of Iraq on 3 /10/2016 and the results were color : as FOLLOWS:

 

DETAILS NOTES
Number of banks 29
Of Number remittance companies 14
Auction price selling dinar / US $ 1182
Auction price buying dinar / US $ -----
Amount sold at auction price (US $) 108 641 365
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 108 641 365
Total offers for selling (US $) -----

ADDITIONALLY:
1. Quantity sold to banks from the date of 01.04.2016 until 9.29.2016 ( 34,450,939,084 ) dollars
2. Quantity sold to banks from the date of 01.04.2015 until 9.29.2015 (
32,748,625,087 ) dollars.
3. Note that:
* Sarabie amounts transferred to accounts in banks abroad (1190) dinars per dollar. 
* Cash sales price (1190) dollars Danarlkl dollars.

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These are not my thoughts, but I'm in total agreement. Another guru Bxx noted that, as the auctions are a main focus of corruption by the newly arrived UN task force, the daily sale amounts have made a dramatic decline in the last couple of weeks. Looking back, they held at $140m or so most of Aug and Sept. The UN guys arrive and 'poof'....instant decline. Dinar appear to be drying up. All good IMHO.

1867833-comical-no-fishing-sign-on-a-dry

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