CBI Daily Currency Auction & Exchange Rates - Monday - 11/02/2020

[ronscarpa]

 Monday - November 02, 2020

CBI - The results of the foreign currency sale window on Monday 11/2/2020, and executed today

Advertisement No. (4286)

Sale date -   Monday 11/2/2020 and executed today

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	157,500,000
Total sale cash	21,700,000
Total sale amount	179,200,000

Note that:

• The sale price of the sums transferred to bank accounts abroad is ( 1190 ) dinars per dollar.
• The cash sale price is ( 1190 ) dinars per dollar.

» The Central Bank of Iraq sales schedule of foreign currency (amounts in thousands of dollars) Monday 11/2/2020 and executed today

 

[ronscarpa]

CBI Currency Exchange Rates

Monday - 11/02/2020

 

 

• Currency converter

US dollar	USD	1190,000
Euro	EUR	1392.062
Pound sterling	GBP	1545.096
Canadian dollar	CAD	893.528
Swiss franc	S.FR	1298.489
Swedish krona	SEK	133.510
Norwegian krone	NOK	125.478
Danish krone	DKK	186.939
Japanese yen	JPY	11.379
Chinese Yuan	CNY	177.657
Australian dollar	AUD	838.236
Special drawing rights	SDR	1679.852
Gold for 24-ounce	Gold	2224346.700

[Johnny Dinar]

Ugh... Thanks Ron. One day this will change...

[ronscarpa]

( IQD Rates - Updated: Monday - 11/02/2020 )

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

Dinar Market Rate: (CBI last reported 10-27-2020) * no change
1248.441 IQD to 1 USD

- Rates Are Within IMF 2% Rule: No
- Are Rates IMF 2% Rule Compliant for 90 Days: No

The IQD is 35.441 IQD out of the 2% compliance..!

[dinarham]

31 minutes ago, ronscarpa said:

( IQD Rates - Updated: Monday - 11/02/2020 )

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

Dinar Market Rate: (CBI last reported 10-27-2020) * no change
1248.441 IQD to 1 USD

- Rates Are Within IMF 2% Rule: No
- Are Rates IMF 2% Rule Compliant for 90 Days: No

The IQD is 35.441 IQD out of the 2% compliance..!

      What is up with the noncompliant NO in red letters?

[3n1]

4 hours ago, dinarham said:

      What is up with the noncompliant NO in red letters?

 

For Iraq to move to imf Article 8 compliance which some feel is the doorway to an increased exchange rate , the cbi was instructed by the imf i think like 7 years ago to show they are able to manage their financials they need to keep the official rate and the market rate of the iqd within 2% of each other to be allowed to transition to art.8 , everyone knows how by the books without corruption and a model country for the world to envy that iraq has been over the years .... NOT.... thats it in a nutshell the red letter NO is because they are out of the 2% margin ( compliance ) if that's even at play anymore ,, hope that helps , i could post up more details ( but probably doesn't mean anything heck to be honest im not sure where any of this is at anymore )  what the imf requirements were to the cbi in 2013 but as always the devil is in the details , that imf requirement came out years ago a few studied and learned i did about half way , there is more to life than iraq though LOL and we're all just riding the coattails any ways hoping and speculating .. cheers and all the best dinarham we wait