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CBI Daily Auction & Currency Exchange Rates - Sunday - 5/17/2020


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Sunday - May 17, 2020

CBI - Foreign Currency Selling Window for Sunday - 17/5/2020

Announcement No.(4191)

Sale Date - 17/5/2020

Details
  Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)
184,830,024
Total sale cash
16,050,000
Total sale  amount
200,880,024

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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IQD CURRENCY EXCHANGE RATES

Sunday - 5/17/2020

 

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
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( IQD Rates - Updated: Sunday - 5/17/2020 )

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

Dinar Market Rate: (CBI last reported 5-12-2020)
1233.00 IQD to 1 USD

- Rates Are Within IMF 2% Rule: YES/NO.??
- Are Rates IMF 2% Rule Compliant for 90 Days: YES/NO? (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 Sunday Morning Dinar Vets...:salute:

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The actual 90 day average is 1213.4, and the allowable 2% deviation is 1213.8 -

 

They are barely in a 90 day compliance. But it was my understanding that they needed to be in a monthly average compliance for the 90 days, so whether they are in compliance is questionable. However, this covid virus crisis may cause an exception to the 2% rule by the IMF because all the world's currencies have been seriously affected. Just something to consider.

 

ALSO: Note that today's Currency Auction had a Cash Sale for the first time in well over a month, could the reason be to bring the rate back within the 2% compliance range. Food for thought...RON :salute:

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1 hour ago, ronscarpa said:

ALSO: Note that today's Currency Auction had a Cash Sale for the first time in well over a month, could the reason be to bring the rate back within the 2% compliance range. Food for thought...RON 

Very interesting!!! Thanks Ron!!

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LINK

The dollar exchange rates fell for the second consecutive day


1589677141_154305097474183700.jpg
 

17th May, 2020
 

The dollar exchange rates fell for the second day on the Kifah Stock Exchange and local markets, on Sunday, May 17, 2020

The prices of the Kifah Stock Exchange - Baghdad recorded 123,300 dinars per 100 dollars

Buying and selling prices in banking shops

The sale price of the dollar = 123.750 dinars

The purchase price of the dollar = 122.750 dinars

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13 minutes ago, DinarThug said:

The dollar exchange rates fell for the second consecutive day
  Sunday, May 17, 2020

 (the prices of the Kifah Stock Exchange - Baghdad recorded 123,300 dinars per 100 dollars )

Buying and selling prices in banking shops                                     

The sale price of the dollar = 1237.50 dinars

The purchase price of the dollar = 1227.50 dinars

 

Thanks Thug...:twothumbs: appreciated...Ron:salute: 

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