yota691 Posted January 7, 2020 Report Share Posted January 7, 2020 Al-Markazi sells 154 million dollars in auction today Economie 2020-01-07 | 06:10 466 views The Central Bank of Iraq announced, on Tuesday, that it sold more than 154 million dollars, with the participation of 18 banks and one company. The Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today, a decrease in its sales to reach 154 million and 639 thousand dollars. The request was distributed at 144 million and 89 thousand dollars to enhance the balances abroad in the form of transfers and credits, while the rest of the amount of 10 million and 550 thousand dollars was distributed in the form of a cash sale that was fully covered by the bank at an exchange rate of 1190 dinars per one dollar. While none of the 17 banks and one of the money transfer companies in the currency auction made any offers to sell the dollar. It is mentioned that the central bank conducts daily sessions to buy and sell foreign currencies except for the official holidays that the bank stops from these auctions. 2 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted January 7, 2020 Author Report Share Posted January 7, 2020 Tuesday, January 7, 2020 | 02:16 pm | Views: 102 Sale of 154 million dollars in the auction of the Central Bank Baghdad / ... The Central Bank of Iraq announced today, Tuesday, that it sold more than $ 154 million, with the participation of 18 banks and one company. The Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today, a decrease in its sales to reach 154 million and 639 thousand dollars, covered by the bank at a base exchange rate of 1190 dinars per dollar, compared to Thursday, when sales reached 264 million and 366 thousand dollars. The request was distributed at 144 million and 89 thousand dollars to enhance the balances abroad in the form of transfers and credits, while the rest of the amount of 10 million and 550 thousand dollars was distributed in the form of a cash sale that was fully covered by the bank at an exchange rate of 1190 dinars per one dollar. While none of the 17 banks and one of the money transfer companies in the currency auction made any offers to sell the dollar. It is mentioned that the central bank conducts daily sessions to buy and sell foreign currencies except for the official holidays that the bank stops from these auctions. Finished 2 1 4 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 7, 2020 Report Share Posted January 7, 2020 Tuesday - January 07, 2020 CBI - Foreign Currency Selling Window for Wednesday, 8/1/2020 that was performed on Tuesday, 7/1/2020 Announcement No.(4116) Sale Date - 8/1/2020 performed on Tuesday - 7/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 144,089,700 Total sale cash 10,550,000 Total sale amount 154,639,700 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: »The Central Bank of Iraq sales schedule of foreign currency (amounts in thousands of dollars) for Wednesday 1/8/2020 and executed on Tuesday 1/7/2020 2 1 5 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 7, 2020 Report Share Posted January 7, 2020 Tuesday - January 07, 2020 CBI - Foreign Currency Selling Window for Thursday, 9/1/2020 that performed on Tuesday, 7/1/2020 Announcement No.(4117) Sale Date - 9/1/2020 performed on Tuesday - 7/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 119,803,500 Total sale cash 16,580,000 Total sale amount 136,383,500 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: »The Central Bank of Iraq sales schedule of foreign currency (amounts in thousands of dollars) for Thursday 9/1/2020 and executed on Tuesday 1/7/2020 2 1 4 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 7, 2020 Report Share Posted January 7, 2020 IQD Currency Exchange Rates Tuesday - 1/07/2020 Exchange Rates US dollar USD 1190.000 Euro EUR 1326.493 Pound sterling GBP 1553.783 Canadian dollar CAD 915.455 Swiss franc S.FR 1222.205 Swedish krona SEK 126.504 Norwegian krone NOK 134.922 Danish krone DKK 177.503 Japanese yen JPY 10.905 Chinese Yuan CNY 170.631 Australian dollar AUD 828.954 Special drawing rights SDR 1643.711 Gold for 24-ounce Gold 1830622.500 1 2 2 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 7, 2020 Report Share Posted January 7, 2020 (edited) ( IQD Rates - Updated: Tuesday - 1/7/2020 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 1-7-2020) 1221.509 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) (NOTE: rates were out of compliance for 3 days starting 11-5-2019 Edited January 7, 2020 by ronscarpa 4 1 4 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted January 7, 2020 Report Share Posted January 7, 2020 (edited) WOWZERS!!! There WERE four (4) Bicraqi Iraqi CBI currency auctions held TODAY!!! https://cbi.iq/currency_auction/all Foreign Currency Selling Window for 6/1/2020 that performed on 7/1/2020 Announcement No.(4114) Sale Date - 6/1/2020 that performed on 7/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 50,799,000 Total sale cash 400,000 Total sale amount 51,199,000 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. https://cbi.iq/currency_auction/view/723 Foreign Currency Selling Window for 7/1/2020 that performed on 7/1/2020 Announcement No.(4115) Sale Date - 7/1/2020 that performed on 7/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 206,396,558 Total sale cash 58,470,000 Total sale amount 264,866,558 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/724 Foreign Currency Selling Window for 8/1/2020 that performed on 7/1/2020 Announcement No.(4116) Sale Date - 8/1/2020 that performed on 7/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 144,089,700 Total sale cash 10,550,000 Total sale amount 154,639,700 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/725 Foreign Currency Selling Window for 9/1/2020 that performed on 7/1/2020 Announcement No.(4117) Sale Date - 9/1/2020 that performed on 7/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 119,803,500 Total sale cash 16,580,000 Total sale amount 136,383,500 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/726 THESE four (4) BABIES totaled 607,088,758 USD!!! Get 'em while THEY'RE HOT!!! Tomorrow, Wednesday January 8 AND Thursday January 9 ARE two (2) MO POTENTIAL Bicraqi Iraqi CBI Auction Dates!!! Maybe Adam has somethin' to say about THIS tomorrow!!! Could be somethin'. Could be nuttin'. In The Mean Time................................................................................... The Standard Disclaimer Applies.......................................................... AND (of course)..................................................................................... Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!! Edited January 7, 2020 by Synopsis 3 1 Quote Link to comment Share on other sites More sharing options...
Floridian Posted January 7, 2020 Report Share Posted January 7, 2020 17 minutes ago, Synopsis said: WOWZERS!!! There WERE four (4) Bicraqi Iraqi CBI currency auctions held TODAY!!! My first thought when reading there were 4 currency auctions today: Since the Iranians are big beneficiaries of these auctions, are they raising a war chest? 2 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted January 7, 2020 Report Share Posted January 7, 2020 Our wait for an increase of the dinar exchange rate continues. 1 2 Quote Link to comment Share on other sites More sharing options...
DoD Posted January 7, 2020 Report Share Posted January 7, 2020 Agreed LB, until the protesters or the USA removes the Iranians from not only the GOI but the CBI nothing is going to change. Still to much corruption and Iranian influence in Iraq for anything to happen. Hoping this million man march the demonstrators are planning for this Friday will get some good results... 1 3 1 Quote Link to comment Share on other sites More sharing options...
Rochester Posted January 7, 2020 Report Share Posted January 7, 2020 There were 4 Auctions because the Iranians are worried the Auctions will be cancelled, drying up their money. They are right to be worried. But don't expect stopping the Auctions till a new Prime Minister comes in with a new Governor of the Bank of Iraq. That's why they killed Solimani....imo 2 1 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted January 7, 2020 Report Share Posted January 7, 2020 1 hour ago, Synopsis said: WOWZERS!!! There WERE four (4) Bicraqi Iraqi CBI currency auctions held TODAY!!! https://cbi.iq/currency_auction/all Foreign Currency Selling Window for 6/1/2020 that performed on 7/1/2020 Announcement No.(4114) Sale Date - 6/1/2020 that performed on 7/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 50,799,000 Total sale cash 400,000 Total sale amount 51,199,000 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. https://cbi.iq/currency_auction/view/723 Foreign Currency Selling Window for 7/1/2020 that performed on 7/1/2020 Announcement No.(4115) Sale Date - 7/1/2020 that performed on 7/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 206,396,558 Total sale cash 58,470,000 Total sale amount 264,866,558 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/724 Foreign Currency Selling Window for 8/1/2020 that performed on 7/1/2020 Announcement No.(4116) Sale Date - 8/1/2020 that performed on 7/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 144,089,700 Total sale cash 10,550,000 Total sale amount 154,639,700 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/725 Foreign Currency Selling Window for 9/1/2020 that performed on 7/1/2020 Announcement No.(4117) Sale Date - 9/1/2020 that performed on 7/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 119,803,500 Total sale cash 16,580,000 Total sale amount 136,383,500 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/726 THESE four (4) BABIES totaled 607,088,758 USD!!! Get 'em while THEY'RE HOT!!! Tomorrow, Wednesday January 8 AND Thursday January 9 ARE two (2) MO POTENTIAL Bicraqi Iraqi CBI Auction Dates!!! Maybe Adam has somethin' to say about THIS tomorrow!!! Could be somethin'. Could be nuttin'. In The Mean Time................................................................................... The Standard Disclaimer Applies.......................................................... AND (of course)..................................................................................... Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!! Thank You Everyone. GM DV's.. Synopsis . Can this some how pull in more dinar off the street . This many auction ? 1 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted January 7, 2020 Report Share Posted January 7, 2020 1 hour ago, Floridian said: My first thought when reading there were 4 currency auctions today: Since the Iranians are big beneficiaries of these auctions, are they raising a war chest? GREAT Observation, Floridian, AND ALL The Best Of The Rest Of Your Week To You!!! Simple math with a LOW BALL estimate of 10 million USD Insanian siphoning PER Bicraqi Iraqi CBI auction of, nominally, 250 per year is a WHOPPING 2.5 BILLION USD per year!!! Say Bicraqi Iraqi IMPORTS 37.5 BILLION USD per year worth of goods: 37.5 BILLION USD /year / 250 Bicraqi Iraqi Currency Auctions per year = 150 MILLION USD per Bicraqi Iraqi CBI Auction. So, LIKELY approximately 50 MILLION USD PER DAY is siphoned off for corruption since THEE Bicraqi Iraqi CBI Auctions have been around 200 MILLION USD per auction with a potential of 12.5 BILLION USD per year going to the Insanians OR MORE!!! Well, OK, THEE "moral" OF THEE "story" IS: IF, prayed AND told, CUTTING OFF THEE Insanians, to INCLUDE the Insanian IRGC WITH THEE Insanian Mu lah lahs, IS SO IMPORTANT, WHY, pray tell, ARE THEE Bicraqi Iraqi CBI AUCTIONS CONTINUING???!!! I would think going INTERNATIONAL would remove THEE Insanian, to INCLUDE the Insanian IRGC AND Insanian Mu lah lahs, CORRUPTION???!!! JUST PUSH THEE RV BUTTON!!! !!!BOOM!!! !!!SUDDENLY!!! Go Moola Nova! 1 2 1 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted January 7, 2020 Report Share Posted January 7, 2020 Just now, blueskyline said: Thank You Everyone. GM DV's.. Synopsis . Can this some how pull in more dinar off the street . This many auction ? ANOTHER GREAT Observation, BlueSkyLine, AND The Very Best Of The Rest Of Your Week To You, TOO!!! 200 MILLION USD Per Bicraqi Iraqi CBI Auction x 1,190 Bicraqi Iraqi Dinar PER USD = 238 BILLION Per Bicraqi Iraqi CBI Auction AND, nominally, 59.5 TRILLION Bicraqi Iraqi Dinar PER YEAR. Well, OK, a SIGNIFICANT portion of THEE Bicraqi Iraqi Dinar is PUT BACK IN CIRCULATION DUE TO salaries, etc. HOWEVER, I suspect a SIGNIFICANT amount of Bicraqi Iraqi Dinar taken in is accumulated, converted to digital, AND THEN "destroyed". SO................................................................................. At SOME point, THEE Bicraqi Iraqi Dinar WOULD GET "scarce" AND "increase" IN "value". HOW, pray tell, CLOSE ARE WE???!!! Iya dunno. Go Moola Nova! 2 2 1 Quote Link to comment Share on other sites More sharing options...
Floridian Posted January 7, 2020 Report Share Posted January 7, 2020 29 minutes ago, Synopsis said: IF, prayed AND told, CUTTING OFF THEE Insanians, to INCLUDE the Insanian IRGC WITH THEE Insanian Mu lah lahs, IS SO IMPORTANT, WHY, pray tell, ARE THEE Bicraqi Iraqi CBI AUCTIONS CONTINUING???!!! I would think going INTERNATIONAL would remove THEE Insanian, to INCLUDE the Insanian IRGC AND Insanian Mu lah lahs, CORRUPTION???!!! JUST PUSH THEE RV BUTTON!!! Thanks so much, Synopsis, but what gets me is that with all the Iranian influence in Iraq, and the Iraqis always talking about "brotherly, neighborly Iran", will they EVER stop these stupid auctions? Will they RV, or continue to help their "brotherly" neighbors? (I hate that brotherly, neighborly crap!) 3 1 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted January 7, 2020 Report Share Posted January 7, 2020 38 minutes ago, Floridian said: Thanks so much, Synopsis, but what gets me is that with all the Iranian influence in Iraq, and the Iraqis always talking about "brotherly, neighborly Iran", will they EVER stop these stupid auctions? Will they RV, or continue to help their "brotherly" neighbors? (I hate that brotherly, neighborly crap!) Yeah, Floridian, I would have thought The United States Of America would have stepped in by NOW to "cut" THEE "neighborly" "crap"!!! I AGREE!!! Go Moola Nova! 2 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted January 8, 2020 Author Report Share Posted January 8, 2020 Central Bank of Iraq: $ 144.2 million, currency sales at Tuesday's auction US $ 100 paper money January 07, 2020 05:24 PM Direct: Data showed the Central Bank of Iraq to implement sales of foreign currency worth $ 144.21 million in the auction held today, Tuesday, compared to previous auction sales of $ 207.96 million . According to central bank data, the exchange rate was 1190 dinars per dollar, at the auction held with the participation of 18 banks . The Central Bank of Iraq said that the executed sales are the results of tomorrow, Wednesday, noting that the total total sale amounted to 154.64 million dollars . The Central Bank of Iraq explained that the amount of money sold to enhance bank balances abroad amounted to $ 144.09 million, while total cash sold amounted to $ 120,000 . 3 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted January 8, 2020 Report Share Posted January 8, 2020 12 hours ago, DoD said: Agreed LB, until the protesters or the USA removes the Iranians from not only the GOI but the CBI nothing is going to change. Still to much corruption and Iranian influence in Iraq for anything to happen. Hoping this million man march the demonstrators are planning for this Friday will get some good results... Totally agree with you DoD. That’s Iraq reality. 3 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 9, 2020 Report Share Posted January 9, 2020 Thursday - January 09, 2020 CBI - Foreign Currency Selling Window for Tuesday, 14/1/2020 that was performed on Thursday, 9/1/2020 Announcement No.(4120) Sale Date - Tuesday-14/1/2020 performed on Thursday-9/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 229,120,016 Total sale cash 40,330,000 Total sale amount 269,450,016 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: »The Central Bank of Iraq sales schedule of foreign currency (amounts in thousands of dollars) for Tuesday 14/1/2020 and executed on Thursday 9/21/2020 1 3 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 9, 2020 Report Share Posted January 9, 2020 IQD Currency EWxchange Rates Thursday - 1/09/2020 Exchange Rates US dollar USD 1190.000 Euro EUR 1322.685 Pound sterling GBP 1559.852 Canadian dollar CAD 913.558 Swiss franc S.FR 1224.091 Swedish krona SEK 126.063 Norwegian krone NOK 134.272 Danish krone DKK 176.994 Japanese yen JPY 11.037 Chinese Yuan CNY 171.485 Australian dollar AUD 817.649 Special drawing rights SDR 1644.009 Gold for 24-ounce Gold 1858044.900 1 3 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 9, 2020 Report Share Posted January 9, 2020 (edited) ( IQD Rates - Updated: Thursday - 1/9/2020 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 1-8-2020) 1220.036 IQD to 1 USD Edited January 9, 2020 by ronscarpa 1 2 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 9, 2020 Report Share Posted January 9, 2020 Yesterday, Wednesday they had another Double Auction...Posted below: Wednesday - January 08, 2020 CBI - Foreign Currency Selling Window for SUNDAY - 12/1/2020 that performed on WEDNESDAY - 8/1/2020 Announcement No.(4118) Sale Date - 12/1/2020 performed on 8/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 209,603,561 Total sale cash 26,500,000 Total sale amount 236,103,561 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: »The Central Bank of Iraq sales schedule of foreign currency (amounts in thousands of dollars) for Sunday 12/1/2020 and executed on Wednesday 1/8/2020 ****************************************** Wednesday - January 08, 2020 Foreign Currency Selling Window for MONDAY - 13/1/2020 that was performed on WEDNESDAY - 8/1/2020 Announcement No.(4119) Sale Date - 13/1/2020 performed on 8/1/2020 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 149,062,821 Total sale cash 7,710,000 Total sale amount 156,772,821 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: »The Central Bank of Iraq sales schedule of foreign currency (amounts in thousands of dollars) for Monday 13/1/2020 and executed on Wednesday 1/8/2020 These two Auctions have not been previously posted....Ron 1 2 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 9, 2020 Report Share Posted January 9, 2020 (edited) IQD CURRENCY AUCTIONS HELD THIS WEEK Foreign Currency Selling Window for 14/1/2020 that performed on 9/1/2020 Foreign Currency Selling Window for 13/1/2020 that performed on 8/1/2020 Foreign Currency Selling Window for 12/1/2020 that performed on 8/1/2020 Foreign Currency Selling Window for 9/1/2020 that performed on 7/1/2020 Foreign Currency Selling Window for 8/1/2020 that performed on 7/1/2020 Foreign Currency Selling Window for 7/1/2020 that performed on 7/1/2020 Foreign Currency Selling Window for 6/1/2020 that performed on 7/1/2020 They are trying to get the IQD back into the 2% COMPLIANCE...RON Edited January 9, 2020 by ronscarpa 1 2 Quote Link to comment Share on other sites More sharing options...
justchecking123 Posted January 9, 2020 Report Share Posted January 9, 2020 On 1/8/2020 at 12:36 AM, Laid Back said: Totally agree with you DoD. That’s Iraq reality. Co-sign.. 1 1 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 9, 2020 Report Share Posted January 9, 2020 CBI JUST UPDATED TODAY'S MARKET RATE: ( IQD Rates - Updated: Thursday - 1/9/2020 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 1-9-2020) 1209.446 IQD to 1 USD - Rates Are Within IMF 2% Rule: YES 3 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.