"CBI": currency sales rise to 140 million USD

[yota691]

The central bank sells more than 153 million dollars in currency auction

Sunday 19 August 2018 :

02:51 pm

109 

 

The Central Bank of Iraq sold more than 153 million dollars in the sale of foreign currency today. 
The central bank said in a statement: "The total amount sold, amounted to 153 million and 406 thousand and 275 dollars with the participation of 34 banks and one company." 
He explained that the total sales for the purpose of strengthening the assets abroad / remittances and credits / amounted to 122 million and 356 thousand and 275 dollars, while the total cash sales amounted to 31 million and 50 thousand dollars. 
The sale of amounts transferred to the accounts of banks abroad and selling cash, the price of 1190 dinars per dollar.

[Synopsis]

 

Here is a copy from the previous post 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

August 26                    153,406,275

 

 

August 19, 2018

Foreign Currency Selling Window for 26/8/2018 that performed on 19/8/2018

 

Announcement No.(3771)

                          Sale Date - 26/8/2018 that performed on 19/8/2018

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	122,356,275
Total sale cash	31,050,000
Total sale amount	153,406,275

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.

https://cbi.iq/currency_auction

 

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.

 

There was only one CBI weekday daily currency auction held today. The Eid al-Adha holiday starts on the evening of this Tuesday. So, there may be CBI weekday daily currency auctions held tomorrow and Tuesday. What is interesting is if there are two CBI weekday daily currency auctions on the next two days since that will take care of Monday through Thursday of the last week in August. There have not been regularly scheduled CBI weekday daily currency auctions held on Fridays and Saturdays and extremely rarely occurring on these days.

 

To note, Monday, September 3rd is the Labor Day holiday in The United States Of America and a three day weekend. Potentially, after Tuesday, August 21, there will be no more CBI weekday daily currency auctions through the Labor Day holiday depending on CBI initiatives possibly coupled with the upcoming GOI seating and the need for GOI decisions for policy expenditures (if this is actually the case). What is interesting is the Oil and Gas payouts to the Iraqi Citizens is supposed to start on Wednesday, September 5. So, the sandwich day between Labor Day September 3 and Oil and Gas payouts to the Iraqi Citizens Day September 5 is Tuesday, September 4???!!! Maybe the Federal Court will give the Okie Dokie (no reference to Okie The Oilman here) to the Oil and Gas PROVISIONS???!!!

 

To be sure, no one knows if the Iraqi Dinar will ever ReInstate or ReValue or have any appreciable value as a Speculative Investment or when, if any occurrence, a ReInstatement or ReValuation will occur. My opinion is regardless of actual policies of various origins or local and associated conditions, the ReInstatement or ReValue will be an entirely unknown occurrence and the transition will be like grinding some rather than shifting all gears to prevent untimely speculation or disturbances from occurring so the predetermined ReInstatement or Revalue meets projected expectations of the authoritative originators. Further, my opinion is Iraq has to have sufficient Safety, Security, AND Sovereignty to warrant and financial and economic advancement. Is Iraq there yet? Iraq is far better off now than ever before while Sectarian Violence and the potential for Civil War could be but not a currently sufficient issue. I do think the opiate of prosperity for the Iraqi Citizen will go a long way to promote Safety and Security provided adequate Sovereignty is operating in Iraq. I could be completely wrong but my opinion is the Iraqi Dinar will need to go international to handle the real time international transactions from the cumbersome and corrupt CBI weekday daily currency actions under a program rate "closed economy" to an "open economy" with a true value international rate for the reconstruction, construction, economic development, and foreign investment to be adequately facilitated.

 

Just my conjecture, thinking out loud, thoughts, opinion, and  for whatever THAT is worth!!! Hey, I might be a nut case or somethin"!!! CAVEAT EMPTOR, Reader!!! 

 

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

 

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

   

 

Edited August 19, 2018 by Synopsis

[heeper00]

10 hours ago, Synopsis said:

 

Here is a copy from the previous post 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

August 26                    153,406,275

 

 

August 19, 2018

Foreign Currency Selling Window for 26/8/2018 that performed on 19/8/2018

 

Announcement No.(3771)

                          Sale Date - 26/8/2018 that performed on 19/8/2018

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	122,356,275
Total sale cash	31,050,000
Total sale amount	153,406,275

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.

https://cbi.iq/currency_auction

 

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.

 

There was only one CBI weekday daily currency auction held today. The Eid al-Adha holiday starts on the evening of this Tuesday. So, there may be CBI weekday daily currency auctions held tomorrow and Tuesday. What is interesting is if there are two CBI weekday daily currency auctions on the next two days since that will take care of Monday through Thursday of the last week in August. There have not been regularly scheduled CBI weekday daily currency auctions held on Fridays and Saturdays and extremely rarely occurring on these days.

 

To note, Monday, September 3rd is the Labor Day holiday in The United States Of America and a three day weekend. Potentially, after Tuesday, August 21, there will be no more CBI weekday daily currency auctions through the Labor Day holiday depending on CBI initiatives possibly coupled with the upcoming GOI seating and the need for GOI decisions for policy expenditures (if this is actually the case). What is interesting is the Oil and Gas payouts to the Iraqi Citizens is supposed to start on Wednesday, September 5. So, the sandwich day between Labor Day September 3 and Oil and Gas payouts to the Iraqi Citizens Day September 5 is Tuesday, September 4???!!! Maybe the Federal Court will give the Okie Dokie (no reference to Okie The Oilman here) to the Oil and Gas PROVISIONS???!!!

 

To be sure, no one knows if the Iraqi Dinar will ever ReInstate or ReValue or have any appreciable value as a Speculative Investment or when, if any occurrence, a ReInstatement or ReValuation will occur. My opinion is regardless of actual policies of various origins or local and associated conditions, the ReInstatement or ReValue will be an entirely unknown occurrence and the transition will be like grinding some rather than shifting all gears to prevent untimely speculation or disturbances from occurring so the predetermined ReInstatement or Revalue meets projected expectations of the authoritative originators. Further, my opinion is Iraq has to have sufficient Safety, Security, AND Sovereignty to warrant and financial and economic advancement. Is Iraq there yet? Iraq is far better off now than ever before while Sectarian Violence and the potential for Civil War could be but not a currently sufficient issue. I do think the opiate of prosperity for the Iraqi Citizen will go a long way to promote Safety and Security provided adequate Sovereignty is operating in Iraq. I could be completely wrong but my opinion is the Iraqi Dinar will need to go international to handle the real time international transactions from the cumbersome and corrupt CBI weekday daily currency actions under a program rate "closed economy" to an "open economy" with a true value international rate for the reconstruction, construction, economic development, and foreign investment to be adequately facilitated.

 

Just my conjecture, thinking out loud, thoughts, opinion, and  for whatever THAT is worth!!! Hey, I might be a nut case or somethin"!!! CAVEAT EMPTOR, Reader!!! 

 

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

 

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

   

 

 

[yota691]

"CBI": currency sales rise to 140 million USD

Central Bank of Iraq

 

 

 20 August 2018 12:51 PM

Direct sales of the Central Bank of Iraq from foreign currency, on Monday to 140.62 million dollars, compared to sales of 123.11 million dollars yesterday auction, about 17.51 million dollars.

The central bank said in a statement that the exchange rate was 1190 dinars per dollar, at the auction held with the participation of 34 banks, and one company only for financial transfer.

The bank said the sales were the result of the auction on Monday, adding that total sales totaled $ 175.02 million.

Amounts sold to strengthen bank balances abroad were $ 138.62 million, while total cash sold was estimated at $ 36.4 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.

[Synopsis]

Only one CBI weekday daily currency auction TODAY!

 

August 20, 2018

Foreign Currency Selling Window for 27/8/2018 that performed on 20/8/2018

 

Announcement No.(3772)

                          Sale Date - 27/8/2018 that performed on 20/8/2018

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	138,624,956
Total sale cash	36,400,000
Total sale amount	175,024,956

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.

https://cbi.iq/currency_auction/view/377

 

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

August 26                    153,406,275

August 27                    175,254,956

 

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

 

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

   

[Floridian]

16 hours ago, Synopsis said:

 

I could be completely wrong but my opinion is the Iraqi Dinar will need to go international to handle the real time international transactions from the cumbersome and corrupt CBI weekday daily currency actions under a program rate "closed economy" to an "open economy" with a true value international rate for the reconstruction, construction, economic development, and foreign investment to be adequately facilitated.

 

 

Very well stated.

And I share that opinion, Synopsis.  😀

[Synopsis]

37 minutes ago, Floridian said:

 

Very well stated.

And I share that opinion, Synopsis.  😀

 

 Floridian, AND The Best Of Your Week To You!!!

 

Go Moola Nova!

[Synopsis]

Hey Everybody!

 

There was NOT a CBI weekday daily currency auction TODAY!!!

 

Check it out:

 

https://cbi.iq/currency_auction/all

https://cbi.iq/currency_auction

 

The last auction held yesterday, August 20 was for Monday, August 27. Potentially, if the Eid al-Adha holiday schedule is observed, there may be another CBI weekday daily currency auction held on this coming Sunday, August 26 or they could wait until Monday, August 27 to hold the CBI weekday daily currency auction for the next day, August 28. Alternately, they could do away entirely with the CBI weekday daily currency auction and then we'd be:

 

              

 

in our front yards or somethin' with the neighbors wondering what all the "excitement" is about!!!

 

                 

 

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, here we are with no CBI weekday daily currency auction for the day while the holiday begins this evening. But, hey, the Iraqis aren't known for diligence in their work schedule but adamantly adhere to their holiday schedule. And some more. And more.

 

I am not sure what implications this has, if any on the upcoming seating of the GOI and potential impact on the Iraqi Dinar. Sure is interesting, though.

 

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

 

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