CBI Daily Auction & Currency Exchange Rates - Wednesday - 12/02/2020

[ronscarpa]

 Wednesday - December 02, 2020

CBI - The results of the foreign currency sale window on Wednesday, 12/2/2020, and executed today

Advertisement No. (4308)

Sale date -  Wednesday 2/12/2020 and executed today

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	161,994,302
Total sale cash	15,500,000
Total sale amount	177,494,302

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.

 

   Link:

» The Central Bank of Iraq’s foreign currency sales schedule (amounts in thousands of dollars), Wednesday, 12/2/2020, and executed today

 

[ronscarpa]

CBI Currency Exchange Rates

Wednesday - 12/02/2020

 

• Currency converter

US dollar	USD	1190,000
Euro	EUR	1424.192
Pound sterling	GBP	1585.794
Canadian dollar	CAD	918.777
Swiss franc	S.FR	1313.756
Swedish krona	SEK	139.617
Norwegian krone	NOK	134.322
Danish krone	DKK	191.318
Japanese yen	JPY	11.414
Chinese Yuan	CNY	181.344
Australian dollar	AUD	876.792
Special drawing rights	SDR	1700.510
Gold for 24-ounce	Gold	2140306.500

[ronscarpa]

( IQD Rates - Updated: Wednesday - 12/02/2020 )

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

Dinar Market Rate: (CBI last reported 11-26-2020) *
1249.689 IQD to 1 USD

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

Have a Blessed Day Everyone - GOD is Good & Faithful ... Ron

[dinarham]

 Two good things about this is that Iraq is no longer  compliant with the 2%rate and it doesn't seem to bother them  ,nor is it  mentioned in their news. Secondly , the vast part of the money auctioned off by the CBI is bought to increase Iraq's foreign reserves.