CBI Daily Auction & Currency Exchange Rates - Thursday - 11/07/2019

[Shedagal]

5 hours ago, ronscarpa said:

From the CBI information, it appears that the CBI will be closed for three days 7th, 8th & 9th, then open for business on Sunday the 10th. It has been said that they would require a three day period to implement a monetary change - could this be significant..?? Is this a special holiday in Iraq?

The CBI is normally closed on Friday and Saturday, so the 8th and 9th would not be holidays.  Do they do auctions for Fridays and Saturdays?

[ronscarpa]

Thursday -  November 07, 2019

CBI-Foreign Currency Selling Window for 11/11/2019 performed on 7/11/2019

Announcement No.(4076)

Sale Date -  Monday - 11/11/2019 that was performed on Thursday - 7/11/2019

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	217,973,575
Total sale cash	22,140,000
Total sale amount	240,113,575

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.

 

   Link:

»Central Bank of Iraq sales table for foreign currency (amounts in thousands of dollars) for Monday 2019/11/11 and implemented on Thursday 2019/11/7

 

This is the first time I've ever seen the CBI sell so far advanced into the next week 

 

Click here to view previous auctions

 

Edited November 7, 2019 by ronscarpa

[ronscarpa]

IQD Currency Exchange Rates

Thursday - 11/07/2019

 

• Exchange Rates

US dollar	USD	1190.000
Euro	EUR	1319.710
Pound sterling	GBP	1533.315
Canadian dollar	CAD	902.883
Swiss franc	S.FR	1197.665
Swedish krona	SEK	123.429
Norwegian krone	NOK	130.330
Danish krone	DKK	176.636
Japanese yen	JPY	10.911
Chinese Yuan	CNY	169.995
Australian dollar	AUD	820.743
Special drawing rights	SDR	1637.809
Gold for 24-ounce	Gold	1756511.100

[ronscarpa]

( IQD Rates - Updated: Thursday - 11/7/2019 )

Official Central Bank of Iraq (CBI) Dinar Rate:
1190 IQD to 1 USD

Dinar Market Rate: (CBI last reported 11-4-2019)
1199.182 IQD to 1 USD

- Rates Are Within IMF 2% Rule: YES
- Are Rates IMF 2% Rule Compliant for 90 Days: YES (maintained since ~Mar. 15, 2018 & Iraq Market since ~Nov. 14, 2018)

 

 

[adhoc10]

1 hour ago, ronscarpa said:

This is the first time I've ever seen the CBI sell so far advanced into the next wee

Hey Ron,

 

do you think his is in anticipation of the auctions shutting down and a last ditch effort to take profits while they can????

Edited November 7, 2019 by adhoc10
spelling errors

[Donziman]

Ron thanks for sharing. i noticed the Market rate holding within 2% is

going to hit one year on Nov 14 . This would show anyone interested, stability.