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Central bank sales of foreign currency fell


yota691
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The central bank announces a rise in currency sales to 29 million dollars

02:05 - 12/08/2018

 
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BAGHDAD (Reuters) - 
The Central Bank of Iraq (CBE) announced on Sunday that its currency sales rose to 166.83 million dollars, compared with 137.98 million dollars last Thursday, a 28.85 million dollar increase. 
"The exchange rate reached 1190 dinars per dollar, in the auction held with the participation of 35 banks, and one company only for financial transfer," the central bank said in a statement. 
The bank said that "these sales are the results of the auction on Monday," explaining that "total sales totaled $ 200.43 million." 
Amounts sold to strengthen bank balances abroad amounted to $ 165.33 million, while total cash sold was estimated at $ 35.1 million. 
The Central Bank, "the sale of amounts transferred to the accounts of banks abroad at the price of 1190 dinars per dollar, while the sale of cash will be at the same price." Ended 29 / a 43

 
 
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Economy News _ Baghdad

The Central Bank of Iraq's foreign currency sales rose to $ 166.83 million on Sunday, compared with sales of $ 137.98 million last Thursday, or $ 28.85 million.

The Central Bank, in a statement received by "Economy News", the exchange rate amounted to 1190 dinars per dollar, in the auction held with the participation of 35 banks, and one company only for financial transfer.

The bank said the sales were the results of the auction on Monday, explaining that the total sales totaled $ 200.43 million.

Amounts sold to strengthen bank balances abroad amounted to $ 165.33 million, while total cash sold was estimated at $ 35.1 million.

The Central Bank, that the sale of amounts transferred to the accounts of banks abroad at the price of 1190 dinars per dollar, while the cash sale will be at the same price.


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I wonder how much the daily currency auctions will be reduced when the blacklisting of the five Iraqi Banks kicks in.....................

 

:o       :o       :o

 

These currency auctions have kicked in on steroids the last few weeks when the US Sanctions on Iran were imminent. Possibly, these five Iraqi Banks were a life line to Iran for USD. Iran has been squawking about the cut in the flow of USD from Iraq to Iran. Hopefully this will accelerate the end game for Iran without a shot fired.

 

We’ll see!!!

 

In The Mean Time................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET ‘ER BUCK!!!)!!!

:rodeo:   :pirateship:

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5 hours ago, Synopsis said:

I wonder how much the daily currency auctions will be reduced when the blacklisting of the five Iraqi Banks kicks in.....................

Was hoping to see a big drop today.....figure it was already in play....let hope the numbers get lower...These corrupt folks are slick, they come up with some of off the walls scams.... 

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20 minutes ago, yota691 said:

Was hoping to see a big drop today.....figure it was already in play....let hope the numbers get lower...These corrupt folks are slick, they come up with some of off the walls scams.... 

 

I/We will keep watching and hoping, Yota, AND The Best Of Your Week To You!!! :tiphat:

 

I am suspecting the financial streams above and below board are being choked and Iran will be brought to tow while the CBI Daily Currency Auction amounts will decrease with Iraq's benefit (hopefully with our's) skyrocketing!!! :twothumbs:

Thank You, Yota, for Your tireless efforts in bringing all the news articles over!!! :undocumented:

 

In The Mean Time................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET ‘ER BUCK!!!)!!!

:rodeo:   :pirateship:

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  • yota691 changed the title to Central: currency sales fall 2 million dollars
 
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Economy News _ Baghdad

 The central bank's foreign currency sales fell Monday to $ 165.21 million, compared with $ 166.83 million in yesterday's auction of $ 1.62 million.

The Central Bank, in a statement received by "Economy News", the exchange rate amounted to 1190 dinars per dollar, in the auction held with the participation of 33 banks, and one company only for financial transfer.

The bank said the sales were the result of tomorrow's auction, indicating total sales totaled $ 198.11 million.

Amounts sold to strengthen bank balances abroad were $ 163.96 million, while total cash sold was estimated at $ 34.15 million.

The Central Bank said in a statement that the sale of the amounts transferred to the accounts of banks abroad is at the price of 1190 dinars per dollar, while the cash sale will be at the same price.


Views 48   Date Added: 13/08/2018

 
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  • yota691 changed the title to Central sales rise to 166 million

 

Tuesday, 14 August 2018 02:32 PM
Number of readings:

irq_962508465_1534246356.jpg&max_width=300

 

The Central Bank's foreign currency sales rose Tuesday to $ 166.94 million, compared with $ 165.21 million in yesterday's auction of $ 1.73 million.

A statement by the bank received by "Iraq News", that "the exchange rate amounted to 1190 dinars per dollar, the auction held with the participation of 34 banks, and one company only for financial transfer."

"These sales are the results of the auction on Thursday," the statement said, adding that total sales totaled $ 196.74 million.

He added that "the volume of funds sold to strengthen the bank balances abroad amounted to 165.44 million dollars, while the total cash sold was estimated at 31.3 million dollars."

He explained that "the sale of amounts transferred to the accounts of banks abroad at the price of 1190 dinars per dollar, while the cash sale will be at the same price." Finished

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The Central Bank of Iraq announces the increase of its sales of about two million dollars

03:14 - 14/08/2018

 
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BAGHDAD (Reuters) - 
Iraq's central bank's foreign currency sales rose to $ 166.94 million on Tuesday, compared to $ 165.21 million in yesterday's auction of $ 1.73 million. 
"Foreign exchange sales rose Tuesday to 166.94 million dollars against sales of 165.21 million dollars in yesterday's auction at 1.73 million dollars," the bank said in a statement received by Mawazine News. Dinars per dollar, in the auction held with the participation of 34 banks, and one company only for financial transfer. 
"Sales are the results of Thursday's auction," the statement said, adding that total sales totaled $ 196.74 million.
He pointed out that "the volume of funds sold to strengthen the bank balances abroad, amounted to 165.44 million dollars, while estimated total cash sold by 31.3 million dollars," noting that "the sale of amounts transferred to the accounts of banks abroad at the price of 1190 dinars per dollar, The cash will be at the same price. "

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Here is a listing of the CBI currency auctions since August 1, 2018.

 

Foreign Currency Selling Window for 21/8/2018 that performed on 15/8/2018

Foreign Currency Selling Window for 20/8/2018 that performed on 15/8/2018

Foreign Currency Selling Window for 19/8/2018 that performed on 14/8/2018

Foreign Currency Selling Window for 16/8/2018 that performed on 14/8/2018

Foreign Currency Selling Window for 15/8/2018 that performed on 13/8/2018

Foreign Currency Selling Window for 14/8/2018 that performed on 13/8/2018

Foreign Currency Selling Window for 13/8/2018 that performed on 12/8/2018

Foreign Currency Selling Window for 12/8/2018 that performed on 9/8/2018

Foreign Currency Selling Window for 9/8/2018 that performed on 8/8/2018

Foreign Currency Selling Window for 8/8/2018 that performed on 7/8/2018

Foreign Currency Selling Window for 7/8/2018 that performed on 6/8/2018

Foreign Currency Selling Window for 6/8/2018 that performed on 5/8/2018

Foreign Currency Selling Window for 5/8/2018 that performed on 2/8/2018

Foreign Currency Selling Window for 2/8/2018 that performed on 1/8/2018

 

https://cbi.iq/currency_auction/all

 

Typical schedule of daily weekday CBI currency auctions until Monday, August 13 where two auctions are held for consecutive future days.

 

This may have something to do with the upcoming Eid al-Adha holiday week in Iraq but may also have to do with the sanctions with Iran to allow more time to monitor the transactions through the CBI currency auctions. Here is a listing of the USD available for the day (past and future):

 

August 2                      188,110,710

August 5                      184,695,406

August 6                      180,339,384

August 7                      165,530,812

August 8                      174,648,900

August 9                      174,136,928

August 12                    170,375,589

August 13                    200,428,439

August 14                    196,672,760

August 15                    198,113,068

August 16                    196,735,107

August 19                    179,828,722

August 20                    169,837,749

August 21                    160,674,285

 

Seems like there was a dip in the CBI daily weekday currency auction amount when the USD sanctions against Iran kicked in on Tuesday, August 7 and then worked their way up for this coming Monday but are on their way back down again. It will be interesting to note what the CBI daily weekday currency auctions look like tomorrow to see if they are for both next Wednesday and next Thursday throughout the Eid al-Adha holiday to possibly include the next Thursday auction for Sunday the 26th. Accordingly, there may not be any CBI daily weekday currency auctions at all next week.

 

Eid al-Adha 2018 in Iraq will begin in the evening of

Tuesday, August 21
and ends in the evening of
Saturday, August 25
Dates may vary.
 
So, with the CBI daily weekday currency auctions completed a week (not a only a day as in the past) ahead, will that give the CBI the necessary time to complete and implement any needed "financial", "economic", and/or ANY "monetary" reforms???!!!
 
:o       :o       :o
 
In The Mean Time........................................................
 
Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!
:rodeo:   :pirateship:
Edited by Synopsis
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5 minutes ago, Synopsis said:

 

So, with the CBI daily weekday currency auctions completed a week (not a only a day as in the past) ahead, will that give the CBI the necessary time to complete and implement any needed "financial", "economic", and/or ANY "monetary" reforms???!!!
 

 

Hmmmmm.  Very interesting!  😊

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  • yota691 changed the title to Central bank sales of foreign currency fell
16-08-2018 All times are GMT +3
image.php?token=02e452b151fb9efa372b30326436c5bb&size=
 


 

 

The central bank's foreign currency sales fell to $ 126.37 million on Thursday, compared to sales of $ 130.97 million at the second auction on Wednesday, at $ 4.6 million. 

"The exchange rate reached 1190 dinars per dollar, at the auction held with the participation of 32 banks, and one company only for financial transfer." 

The statement added that 'sales are the results of the auction next Wednesday,' explaining that 'total sales totaled $ 155.77 million'. 

He added that 'the volume of funds sold to strengthen banks' assets abroad amounted to 125.62 million dollars, while the total cash sold was estimated at 30.15 million dollars'. 

He explained that 'the sale of amounts transferred to the accounts of banks abroad at the price of 1190 dinars per dollar, while the cash sale will be at the same price'.

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Hey, hey, folks!!! Two CBI currency auctions were held TODAY!!!

 

Foreign Currency Selling Window for 23/8/2018 that performed on 16/8/2018

Foreign Currency Selling Window for 22/8/2018 that performed on 16/8/2018

 

https://cbi.iq/currency_auction/all

 

Here are the results:

 

August 16, 2018

Foreign Currency Selling Window for 22/8/2018 that performed on 16/8/2018

 

Announcement No.(3769)

                          Sale Date - 22/8/2018 that performed on 16/8/2018

Details
  Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)
125,617,391
Total sale cash
30,150,000
Total sale  amount
155,767,391

Note:

  • Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
  • Cash selling price is (1190) ID for each Dollar.
 
August 16, 2018

Foreign Currency Selling Window for 23/8/2018 that performed on 16/8/2018

 

Announcement No.(3770)

                          Sale Date - 23/8/2018 that performed on 16/8/2018

Details
  Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)
92,751,000
Total sale cash
27,600,000
Total sale  amount
120,351,000

Note:

  • Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
  • Cash selling price is (1190) ID for each Dollar.
 
Here is a copy from the post above with today's information added:
 

August 2                      188,110,710

August 5                      184,695,406

August 6                      180,339,384

August 7                      165,530,812

August 8                      174,648,900

August 9                      174,136,928

August 12                    170,375,589

August 13                    200,428,439

August 14                    196,672,760

August 15                    198,113,068

August 16                    196,735,107

August 19                    179,828,722

August 20                    169,837,749

August 21                    160,674,285

August 22                    155,767,391

August 23                    120,351,000

 

There is currently no information for the typical Thursday CBI weekday daily currency auction for Thursday, August 23 for Sunday, August 26. Today is Thursday and the Eid al-Adha holiday is Tuesday, August 21 through Saturday, August 25 in Iraq so I'm not sure if a CBI weekday daily currency auction is planned for next Thursday. Not sure if this means anything at all with respect to the Bicraqi Iraqi Dinar comparative values to other currencies and the timing for any changes, if any.

 

Just an observation.

 

In The Mean Time........................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

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