CBI Daily Auction & Currency Exchange Rates - Wednesday - 2/28/2024

[ronscarpa]

Foreign Currency Selling Window results for Wednesday 28/2/2024

Wednesday - February 28, 2024

Foreign Currency Selling Window results for Wednesday 28/2/2024

Announcement No.(5075)

 

Details	Amount
Total amounts of transfers abroad (remittances and credits)	186,835,635
Total cash withdrawals	20,620,000
Total sale amounts	207,455,635

Note:

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

[ronscarpa]

CBI Currency Exchange Rates
Wednesday - 2/28/2024

 

Currency Converter

US dollar	USD	1,310,000
Euro	EUR	1422.136
Pound Sterling	GBP	1662.128
Canadian Dollar	CAD	968.863
Swiss Franc	CHF	1488.806
Swedish krone	SEK	127.198
Norwegian krone	NOK	124.410
Danish krone	DKK	190.759
Japanese yen	JPY	8.701
Chinese Yuan	CNY	181.987
UAE Dirham	AED	356.705
Jordanian Dinar	JOD	1849.499
Australian Dollar	AUD	857.264
Special drawing rights	SDR	1740.361
Gold for a 24-ounce	Gold	2,638,529.140

[ronscarpa]

IQD Rates - Updated: Wednesday - 2/28/2024

Shafaq News: 

 

The prices of the US dollar fell against the Iraqi dinar, on Wednesday, in Baghdad and Erbil, the capital of the Kurdistan Region, with the stock market closed.

 

Shafaq News Agency correspondent said that dollar prices fell with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 150,850 Iraqi dinars against 100 dollars, while this morning it recorded 151,000 Iraqi dinars against 100 dollars.

 

Our correspondent indicated that selling prices in exchange shops in local markets in Baghdad decreased, as the selling price reached 151,750 dinars for 100 dollars, while the purchase price reached 149,750 dinars for 100 dollars.

 

In Erbil, the dollar also recorded a decline, as the selling price reached 150,750 dinars for every 100 dollars, and the purchasing price was 150,650 dinars for every 100 dollars.

 

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

[NWGUY]

They are running the auction like a swiss watch!  Although, the dinar was a touch higher today.  Maybe that will be something to watch "in coming days".   

[edbeach]

NWGUY  didn't Iraq just reported stopping the auctions and money to be handled by the Banks report last couple days? This way they get away from sanctions from US Treasury against the CBI 

[new york kevin]

Yet the IQD is still valued at 1310/1 usd

[NWGUY]

2 hours ago, edbeach said:

NWGUY  didn't Iraq just reported stopping the auctions and money to be handled by the Banks report last couple days? This way they get away from sanctions from US Treasury against the CBI 

 

My understanding is they are getting the dollar off the street, but they are continuing the auctions.  I feel the bigger problem is the value of the dinar is so low, they can't get rid of the dollar yet, so hopefully they will be forced into a corner, which is the only way to get them to do anything!