CBI Daily Auction & Currency Exchange Rates - Thursday - 5/14/2020

[ronscarpa]

Thursday - May 14, 2020

CBI - Foreign Currency Selling Window for Thursday - 14/5/2020

Announcement No.(4190)

Sale Date - 14/5/2020

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	180,822,243
Total sale cash	0
Total sale amount	180,822,243

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) Thursday 14/5/2020, executed today

[ronscarpa]

IQD Currency Exchange Rates

Thursday - 5/14/2020

 

• Exchange Rates

US dollar	USD	1190.000
Euro	EUR	1294.125
Pound sterling	GBP	1463.046
Canadian dollar	CAD	844.031
Swiss franc	S.FR	1228.260
Swedish krona	SEK	121.602
Norwegian krone	NOK	118.315
Danish krone	DKK	173.578
Japanese yen	JPY	11.099
Chinese Yuan	CNY	167.733
Australian dollar	AUD	770.287
Special drawing rights	SDR	1621.637
Gold for 24-ounce	Gold	2019328.800

[ronscarpa]

( IQD Rates - Updated: Thursday - 5/14/2020 )

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

Dinar Market Rate: (CBI last reported 5-11-2020)
1233.00 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, and ongoing since 4-21-2020)

Good Morning Dinar Vets - Have a Blessed Day ... RON

[DinarThug]

LINK

7 companies press the stock index in the closing session

 

14th May, 2020

 

The stock exchange closed the trading week, Thursday, with losses after its index decreased by 0.1%

During the closing session, 336.6 million shares were traded, valued at 349.4 million dinars

The index was pressed by 7 losing companies, led by the shares of Al-Mosul Bank by 7.14% and Asiacell Telecom shares by 3.59%

Shares of 8 companies, led by Mansour Hotels, increased by 8.26% and agricultural products increased by 5.82%

[DinarThug]

LINK

Announcing the results of the auction (D218) of the Central Bank transfers

 

14th May, 2020

The Central Bank approved on 13/5/202020 conducting a D218 auction to sell remittances
for a period of (182) days at an amount of (100) billion dinars. The number of participants
4 banks won the bidding.

[DinarThug]

LINK

The results of the foreign currency sale window for Thursday 14/5/2020 executed today

Advertisement No. 4190

Sale date -  Thursday 14/5/2020, executed today

 

the details                        The amount

Total sale for purposes of 
enhancing balances abroad 
(transfers, credits).               180,822,243

Total cash sale.                     0

Total sales.                         180,822,243

 

Note that:

The sale price of the sums transferred to the accounts of banks abroad ( 1190 ) dinars per dollar. Cash sale price ( 1190 ) dinars per dollar.

» The Central Bank of Iraq sales schedule of foreign currency (amounts in thousands of dollars) Thursday 14/5/2020, executed today

##########

LINK

The Central Bank Ignores The Financial Crisis And Sold More Than $ 180 Million Today, Thursday

14th May, 2020

 

A semi-official document, signed and not sealed, published on the website of the Central Bank of Iraq, showed that the currency auction for Thursday, 14/5/2020, ended shortly after more than $ 180 million had been sold.

The document showed that 32 banks, Islamic, commercial and foreign, had shared the amount sold without mentioning any details about the reasons for the popularity of buying the dollar in this amount.

Official and unofficial bodies have called on the Central Bank to take into account the economic conditions the country is going through, and urge it to adopt a strict monetary policy in order to preserve the balance of foreign currency and not to allow space for smuggling hard currency at this time.

https://cbi.iq/static/uploads/up/file-158944005370914.pdf (copied below)

Edited May 14, 2020 by DinarThug

[DinarThug]

LINK

The decline of the dollar in Iraq

 

 

5/14/2020 11:23:24

 

 

Foreign currency markets in Iraq recorded, today, Thursday, a decrease in the exchange rate of the US dollar against the Iraqi dinar.
 

The selling and buying prices of the dollar in banking companies and bureaus came as follows:

The selling price of one dollar is 1237.5 dinars, or 123 thousand and 750 dinars per hundred dollars.

The purchase price of the dollar is 1227.5 dinars, or 122 thousand and 750 dinars per hundred dollars.

Prices of foreign international currencies, gold and oil until the preparation of this news:

The euro The global price: 100 euros = 108,04
sterling dollars The global price: 100 pounds = 121.93 dollars
The Turkish lira The global price: 100 dollars = 696,55 Turkish lira
The price of an ounce of gold globally = 1715.34 dollars
Per barrel of crude oil Brent = 29.40 dollars
Per barrel of US crude oil = 25.83 dollars.

[DinarThug]

LINK

The dollar recorded a decline in the local currency market

 

16th May, 2020

The exchange rates of the dollar fell on the stock market and local markets, today, Saturday.

The prices of the Kifah Stock Exchange - Baghdad recorded 123,450 dinars per 100 dollars.

The sale price of the dollar in banking centers = 124,000 dinars per 100 dollars.

And the purchase price of the dollar = 123,000 dinars per 100 dollars.

[DinarThug]

LINK

Iraq Stock Market Report

 

15th May 2020

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th May 2020).

Please click here to view a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD552 (+0.7%) / $573 (+0.7%) (weekly change) (-16.2% and -18.2% YTD change, respectively). The number of week traded shares was 2.1 bn and the weekly trading volume was IQD2.2 bn ($1.8 mn).

Note: ISX will be closed starting from May 22, 2020 due to the religious holiday of Eid Al-Fitr. The next trading session will be held on May 31, 2020. ISX will resume trading five days a week starting May 31, 2020 (Sunday). The lower daily price change limit will be maintained at 5% and the upper daily price change limit will be maintained at 10%.
 

ISX Company Announcements

Ameen Al-Iraq Islamic Bank for Islamic Investment & Finance (BAME) with a capital of IQD100 bn will start trading on May 17, 2020 in the non-regular market. The opening price will be free for the first three sessions, and then will have +/-20% price change limit. Rajih Islamic Bank for Investment & Finance (BRAJ) with a capital of IQD250 bn will start trading after depositing and activating 5% of the listed shares or after 21 days of depositing the company's shares. ISX suspended trading of Zain Al-Iraq Islamic Bank for Investment (BZII) starting on May. 12 due to the GA that will be held on May. 17 to elect 7 original and 7 alternative board members. Al-Sadeer Hotel (HSAD) resumed trading on May. 12 after disclosing its financial statements and deciding to increase the company's capital to IQD1.36 bn through 10% rights issue.