CBI Daily Auction & Currency Exchange Rates - Sunday - 4/05/2020

[ronscarpa]

Sunday - April 05, 2020

CBI - Foreign Currency Selling Window for Wednesday - 18/3/2020 that was performed on Sunday - 5/4/2020

Announcement No.(4166)

Sale Date -  Wednesday - 18/3/2020 performed on Sunday - 5/4/2020

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	245,669,143
Total sale cash	0
Total sale amount	245,669,143

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.

[Jaygo]

Bummer

[ronscarpa]

IQD Currency Exchange Rates

Sunday - 4/05/2020

 

• Exchange Rates

US dollar	USD	1190.000
Euro	EUR	1321.376
Pound sterling	GBP	1489.523
Canadian dollar	CAD	856.054
Swiss franc	S.FR	1254.480
Swedish krona	SEK	122.031
Norwegian krone	NOK	119.080
Danish krone	DKK	176.815
Japanese yen	JPY	11.325
Chinese Yuan	CNY	170.341
Australian dollar	AUD	750.533
Special drawing rights	SDR	1640.010
Gold for 24-ounce	Gold	1847229.600

[davis411]

Thanks ron

 

ohh well

[ronscarpa]

( IQD Rates - Updated: Sunday - 4/5/2020 )

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

Dinar Market Rate:(CBI last reported 3-16-2020)
1203.455 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 & 2 days starting 1-7-2020

Good Sunday Morning DV - here we go again..!

[DoD]

There ya go, business as usual...that’s exactly what they said they we’re gonna do in the articles this past week. 
 

Thanks Ron... 

[boosterbglee]

Sad and staying home😩

[nannab]

Thank you Ron and good morning DV  

[3n1]

53 minutes ago, DoD said:

There ya go, business as usual...that’s exactly what they said they we’re gonna do in the articles this past week. 
 

Thanks Ron... 

 

[Half Crazy Runner]

Was there any legitimate reason given for the break in the currency sales? Other than the virus ..? 😏

[DinarThug]

LINK

Find out the dollar exchange rates on the stock exchange

 

 

5th April, 2020

 

On Sunday, the exchange rates of the dollar were stable on the Kifah Stock Exchange and local markets

The prices of the Kifah Stock Exchange - Baghdad recorded 123,600 dinars per 100 dollars

Buying and selling prices in banking shops

The selling price of the dollar = 124,500 dinars

The purchase price of the dollar = 122,500 dinars

[Laid Back]

Back to Iraq reality. 

 

Thanks Ron 🙏🏼
 

 

 

 

[horsesoldier]

Perhaps plunging Iraq into the abyss of Civil War is more preferable to doing the right thing. . . but this is Iraq and as we've seen, anything & everything is possible.

 

I still believe the IMF & WB and anyone else that can turn the screws on these miscreant knot heads needs to do it now - providing they're serious of course.

 

[Rochester]

I don't agree with the interpretation on this thread, that this is supposedly a bad sign. Here's why:

 

See the other thread called "

"The central bank begins selling the dollar through its daily auction

By Mary B"

 

...the banks are not participating in these auctions

 

No banks participating? Makes perfect sense...imo....Means power and decision making is being centralized, someone is behind the curtain, pulling the strings. Also it means whoever is actually controlling the dinar in Iraq, the fact that the dinar snapped right back into compliance with international rules, is a good sign in my opinion.

 

Iraq is a dog. Someone has a leash on the dog. What you just saw is evidence that the dog owner is pulling back on the leash, testing out control of the dog. The dog obeyed. Good sign. "Goooood doggie....here a biscuit"

 

That's my Dogbert comment on Iraqi Monetary Policy....woof woof Pigs will soon fly...

 

"Thinking again?" the Duchess asked, with another dig of her sharp little chin.
"I've a right to think," said Alice sharply, for she was beginning to feel a little worried.
"Just about as much right," said the Duchess, "as pigs have to fly ..." — Alice's Adventures in Wonderland, Chapter 9

er thread, on 

[NoviceInvestor]

Thanks Ronscarpa.. The show goes on however,  I notice there that it looks different as the Total cash sale info says zero. ???

 

[4hiskingdom]

I noticed the same thing.

[Laid Back]

I noticed no cash sales on today’s auction...... Do you guys think is to prevent the spread of Covid 19?

[DoD]

The CBI has something going on, no banks involved and the 25/75 dollar rule. 
I like the way Rochester is thinking....

[WheresmyRV?]

12 hours ago, DoD said:

The CBI has something going on, no banks involved and the 25/75 dollar rule. 
I like the way Rochester is thinking....

I agree with Rochester and DoD, I don't think I can remember with all the past auctions of not seeing any banks involved with this last auction.  Curious to what this mornings auction will look like.  

[Smokey Mtn. Dinar]

2 hours ago, WheresmyRV? said:

I agree with Rochester and DoD, I don't think I can remember with all the past auctions of not seeing any banks involved with this last auction.  Curious to what this mornings auction will look like.  

 

 

There was NO AUCTION today!  

[tigergorzow]

50 minutes ago, Smokey Mtn. Dinar said:

 

 

There was NO AUCTION today!  

The "PLOT" thickens...😁😁

[WheresmyRV?]

1 hour ago, Smokey Mtn. Dinar said:

 

 

There was NO AUCTION today!  

Something has to be up with the CBI.

[Half Crazy Runner]

19 minutes ago, WheresmyRV? said:

Something has to be up with the CBI.

[Laid Back]

1 hour ago, Smokey Mtn. Dinar said:

 

 

There was NO AUCTION today!  

Looks like yesterday auction was just to bring  the dinar  right back into compliance with the IMF 2% rules. 
just my opinion.!

[jcav]

Was it within 2%?