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Al-Markazi sells 269 million dollars in his auction today


yota691
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The Central Bank of Iraq announced on Sunday that it sold more than $ 269 million, with the participation of 31 banks.

The Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today a slight decrease in its sales to reach 269 million and 79 thousand dollars, covered by the bank at a base exchange rate of 1190 dinars per dollar, compared to Thursday, where sales reached 269 million and 450 thousand dollars.
 

The request was distributed at 249 million and 639 thousand dollars to enhance the balances abroad in the form of transfers and credits, while the rest of the 19 million and 440 thousand dollars were 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 31 banks 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.
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Another DOUBLE AUCTION by the CBI today:

 

 

Sunday - January 12, 2020

CBI - Foreign Currency Selling Window for Wednesday, 15/1/2020 that was performed on Sunday, 12/1/2020

Announcement No.(4121)

Sale Date -  Wednesday-15/1/2020 that was performed on Sunday-12/1/2020

Details
  Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)
249,639,167
Total sale cash
19,440,000
Total sale  amount
269,079,167

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.
 
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Sunday - January 12, 2020

CBI - Foreign Currency Selling Window for Thursday, 16/1/2020 that was performed on Sunday, 12/1/2020

Announcement No.(4122)

Sale Date -  Thursday-16/1/2020 that performed on Sunday-12/1/2020

Details
  Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)
245,536,662
Total sale cash
23,290,000
Total sale  amount
268,826,662

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.
 
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»The Central Bank of Iraq sales schedule of foreign currency (amounts in thousands of dollars) for Thursday 16/1/2020 and executed on Sunday 01/22/2020
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IQD Currency Exchange Rates

Sunday - 1/12/2020

 

US dollar USD 1190.000
Euro EUR 1322.090
Pound sterling GBP 1548.964
Canadian dollar CAD 909.855
Swiss franc S.FR 1221.829
Swedish krona SEK 125.874
Norwegian krone NOK 133.998
Danish krone DKK 176.912
Japanese yen JPY 10.895
Chinese Yuan CNY 171.754
Australian dollar AUD 817.887
Special drawing rights SDR 1641.450
Gold for 24-ounce Gold 1832986.500
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( IQD Rates - Updated: Sunday - 1/12/2020 )

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

Dinar Market Rate: (CBI last reported 1-12-2020)
1205.309 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 & for 2 days starting 1-7-2020

 

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