CBI Daily Auction & Currency Exchange Rates - Thursday - 8/17/2023

[ronscarpa]

 

The results of the foreign currency sale window, Thursday 8/17/2023

Thursday - August 17, 2023

The results of the foreign currency sale window, Thursday 8/17/2023

Announcement No. (4946 )

Details	Amount
Total amounts of transfers abroad (remittances and credits)	158,091,293
Total cash sale amounts	34,080,000
Total sale amounts	192,171,293

Note that:

• The price of selling amounts of documentary credits and international settlements for electronic cards is ( 1305 ) dinars per dollar.
• The price of selling remittances abroad is ( 1310 ) dinars per dollar.
• The cash selling price is ( 1310 ) dinars per dollar.
   

Link: » The Central Bank of Iraq’s currency sales schedule, Thursday, 8/17/2023

[ronscarpa]

CBI Currency Exchange Rates
Thursday - 8/17/2023

 

Currency Converter

US dollar	USD	1,310,000
Euro	EUR	1,429,996
Pound Sterling	GBP	1,669,202
Canadian Dollar	CAD	967,861
Swiss Franc	CHF	1,490,160
Swedish krone	SEK	120,825
Norwegian krone	NOK	124,858
Danish crown	DKK	191,894
Japanese yen	JPY	8,993
Chinese Yuan	CNY	179,723
UAE Dirham	AED	356,696
Jordanian Dinar	JOD	1,850,282
Australian Dollar	AUD	845,081
Special drawing rights	SDR	1,744,579
Gold for a 24-ounce	Gold	2,460,305,640

[ronscarpa]

IQD Rates - Updated: Thursday - 8/17/2023

1310 IQD to 1 USD

Shafaq News: 

Shafaq News correspondent said that the dollar prices rose with the closure of the Al-Kifah and Al-Harithiya stock exchanges, to record 153,700 dinars, compared to 100 dollars, while the prices this morning were 153,200 dinars, compared to 100 dinars.

 

Our correspondent indicated that the selling prices in exchange shops in the local markets in Baghdad rose, as the selling price reached 155,000 Iraqi dinars, while the purchase price reached 153,000 dinars for every 100 dollars.

 

In Erbil, the dollar also recorded an increase, as the selling price reached 153,850 dinars for every 100 dollars, and the purchase price was 153,750 dinars for 100 dollars.

Have a Blessed Thursday- Almighty GOD is Faithful..! RON 

[Artitech]

How do you figure out how much money in US dollars you would have if you had 10 million dinar? What is the formula to calculate this number? Thank you in advance for helping me understand this!

[ronscarpa]

1 hour ago, Artitech said:

How do you figure out how much money in US dollars you would have if you had 10 million dinar? What is the formula to calculate this number? Thank you in advance for helping me understand this!

 

Hi Artitech,

If you were to cash it in today with one of the exchanges (XChange of America - the largest) you'd get $700/mil IQD = $7,000 for your 10 Mil IQD. 

However, if you were to exchange it in an Iraqi Bank it's $763.35/mil minus any exchange rate they might charge. I hope I answered your question. Blessings - RON