CBI Daily Auction & Currency Exchange Rates - Executed Sunday - 5/22/2022 for Monday - 5/23/2022

[ronscarpa]

The results of the foreign currency sale window for Monday 5/23/2022

Sunday - May 22, 2022

CBI - The results of the foreign currency sale window for Monday 5/23/2022

Announcement No. (4650)

Sale date - Monday 05/23/2022  

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	174,946,141
Total sale cash	41,600,000
Total sale amount	216,546,141

Note that:

• The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar.
• The cash sale price is ( 1460 ) dinars per dollar.

Link: » The Central Bank of Iraq’s foreign currency sales schedule, Monday 5/23/2022 

[ronscarpa]

CBI Currency Exchange Rates
Sunday - 5/22/2022

 

Currency Converter

US dollar	USD	1460,000
Euro	EUR	1536.650
Pound sterling	GBP	1814.196
Canadian dollar	CAD	1139,824
Swiss franc	S.FR	1494.830
Swedish krona	SEK	145.569
Norwegian krone	NOK	149,042
Danish krone	DKK	206.474
Japanese yen	JPY	11.371
Chinese Yuan	CNY	215.852
Australian dollar	AUD	1021.416
Special drawing rights	SD	1957.013
Gold for 24-ounce	Gold	2,673,800,000

[ronscarpa]

( IQD Rates - Updated: Sunday - 5/22/2022

Official Central Bank of Iraq (CBI) Dinar Rate:
1460 IQD to 1 USD

Dinar Market Rate: (CBI last reported 8/11/2021) ** Still No Change Noted on CBI.IQ **
  1478.744 IQD to 1 USD

- Rates Are Within IMF 2% Rule: YES... (Rate is at 1.28383%) Started 16 June.
- Are Rates IMF 2% Rule Compliant for 90 Days: YES --  "340" days in compliance..!

Have a Blessed Sunday Everyone - JESUS is Faithful..! RON 

[Artitech]

Business as usual! Next window of opportunity 1-1-23! Just another short 7 months! But who's counting! JMHO 🤠

[Theseus]

11 hours ago, Artitech said:

Business as usual! Next window of opportunity 1-1-23! Just another short 7 months! But who's counting! JMHO 🤠

And yet the last devaluation of the IQD was in the month of December.  And yet in May 2021 we find this quote (five months after the exchange rate change in December 2020]:

 

"It was supposed that the new exchange rate will remain for one year, but the agreement of the political forces and the government breached the agreement that said the exchange rate of the dollar remains the same until 2025." the [Iraq’s Parliamentary Economic and Investment] Committee member Nada Shaker Jawdat said.

 

So keep your seat belts fastened and your hands in the car, the ride will not be over in '23 or '24.

Edited May 24, 2022 by Theseus

[Artitech]

11 hours ago, Theseus said:

And yet the last devaluation of the IQD was in the month of December.  And yet in May 2021 we find this quote (five months after the exchange rate change in December 2020]:

 

"It was supposed that the new exchange rate will remain for one year, but the agreement of the political forces and the government breached the agreement that said the exchange rate of the dollar remains the same until 2025." the [Iraq’s Parliamentary Economic and Investment] Committee member Nada Shaker Jawdat said.

 

So keep your seat belts fastened and your hands in the car, the ride will not be over in '23 or '24.

This probably the closest to the truth we have ever got out of that $h!+ hole , truth be known! That’s not hard for me to believe either! JMHO 🤠

[horsesoldier]

These folks are such pathological liars I don't trust a thing they say... Like the TV advert days : " I want my $$$$$ and I want it NOW "

Thanks for letting me vent.

[rvmydinar]

The exchange rate of dollar remains the same Until 2025? I don't believe what they said because they are full of lies and BS. I just believe what they do. What we can do is just wait wait wait until they do something with their currency.

[Rochester]

16 hours ago, Theseus said:

And yet the last devaluation of the IQD was in the month of December.  And yet in May 2021 we find this quote (five months after the exchange rate change in December 2020]:

 

"It was supposed that the new exchange rate will remain for one year, but the agreement of the political forces and the government breached the agreement that said the exchange rate of the dollar remains the same until 2025." the [Iraq’s Parliamentary Economic and Investment] Committee member Nada Shaker Jawdat said.

 

So keep your seat belts fastened and your hands in the car, the ride will not be over in '23 or '24.

Would they lie to the world? Sure. Why would they tell you the truth? They don't want speculators making money. 

[horsesoldier]

16 minutes ago, Rochester said:

Would they lie to the world? Sure. Why would they tell you the truth? They don't want speculators making money. 

 

They lie to one another: lying to world comes easily.

[WheresmyRV?]

They will lie to their own mothers.

[horsesoldier]

4 hours ago, WheresmyRV? said:

They will lie to their own mothers.

 

...and sell them ( & their daughters too ) if there's a profit to be made. How do I know this ? Because Iraqi's I have known have told me they have witnessed this: they speak of their outrage & sadness that this still goes on.

[Theseus]

Well the speaker of the quote has been right so far. The exchange rate did not revert back 1-yr later (December 19, 2021)..

 

 

Edited May 25, 2022 by Theseus

[Theseus]

14 hours ago, horsesoldier said:

 

...and sell them ( & their daughters too ) if there's a profit to be made. How do I know this ? Because Iraqi's I have known have told me they have witnessed this: they speak of their outrage & sadness that this still goes on.

Iraqis are not the only ones who do this. It is rare in the United States but does happen. It happens in India, Taiwan and other places that you would never think of. One of the biggest is when an overseas bride wants to bring her children with her and the husband refuses to relinquish parental rights. The other parent demands that the husband to be pay that parent a large sum of money. Some wouldn't think of this as selling of children but it is. Take a look at the dowry system. Is that a system of selling a child? In some ways yes. One can find profit in everything as it just depends on how sleazy they want to be to find it.  (everything I have said is still going on in 2022 and beyond with no changing the system although India seems to be budging a little.)