CBI Daily Auction & Currency Exchange Rates - Thursday - 1/02/2025

[ronscarpa]

Foreign Currency Selling Window results for Thursday 2/1/2025

Thursday - January 02, 2025

Foreign Currency Selling Window results for Thursday, 2/1/2025

Announcement

 

Details	Amount
Total Foreign Reinforcements	283,848,126
Number of Participating Banks to Meet Foreign Reinforcement Requests	7
Total sale amounts	283,848,126

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.

 

Notice there were NO CASH Transactions. Replaced by number of banks.

[ronscarpa]

CBI Currency Exchange Rates

Thursday - 1/02/2025

Currency Converter

US dollar	USD	1310,000
Euro	EUR	1356.243
Pound Sterling	GBP	1638.941
Canadian Dollar	CAD	910.987
Swiss Franc	CHF	1444.004
Swedish crown	SEK	118,497
Norwegian crown	NOK	115.259
Danish crown	DKK	181,889
Japanese yen	JPY	8.334
Chinese Yuan	CNY	179.469
UAE Dirham	AED	356,696
Jordanian Dinar	JOD	1848.194
Australian Dollar	AUD	810.497
Special Drawing Rights	SDR	1708.410
Gold for a 24-ounce	Gold	3,410,955.600

[ronscarpa]

IQD Market Rates - Thursday - 1/02/2025

Shafaq News:

The dollar prices rose in Baghdad markets, while they decreased in Erbil, the capital of the Kurdistan Region, on Thursday, with the stock exchange closing at the end of the week.

 

Shafaq News correspondent said that the dollar prices rose with the closing of Al-Kifah and Al-Harithiya stock exchanges to record 151,950 Iraqi dinars for every 100 dollars, while this morning it recorded 151,850 dinars for every dollar.

 

Our correspondent pointed out that the selling prices in the exchange shops in the local markets in Baghdad stabilized, as the selling price reached 153,000 Iraqi dinars for 100 dollars, while the purchase price reached 151,000 dinars for 100 dollars.

 

In Erbil, the dollar recorded a decline, as the selling price reached 151,650 dinars for every 100 dollars, and the buying price reached 151,550 dinars for every 100 US dollars.

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

[ronscarpa]

Well, here's the 1st Auction of 2025 - NO CASH transactions.

[BETTYBOOP]

Was this done via the new mechanism or did the auction continues as normal?

[rvmydinar]

6 hours ago, ronscarpa said:

CBI Currency Exchange Rates

Thursday - 1/02/2025

Currency Converter

US dollar	USD	1310,000
Euro	EUR	1356.243
Pound Sterling	GBP	1638.941
Canadian Dollar	CAD	910.987
Swiss Franc	CHF	1444.004
Swedish crown	SEK	118,497
Norwegian crown	NOK	115.259
Danish crown	DKK	181,889
Japanese yen	JPY	8.334
Chinese Yuan	CNY	179.469
UAE Dirham	AED	356,696
Jordanian Dinar	JOD	1848.194
Australian Dollar	AUD	810.497
Special Drawing Rights	SDR	1708.410
Gold for a 24-ounce	Gold	3,410,955.600

I wish for a rate change on 01/02/2025 , however, It's so sad the rate still remains the same=1,310 😭😭😭

[WheresmyRV?]

So the auctions are continuing...

[8th ID]

21 minutes ago, WheresmyRV? said:

So the auctions are continuing...

That is what it looks like to me. Same ole song and dance, just to a different tune. Nothing has changed with these thieving morons. 

[Jaygo]

37 minutes ago, 8th ID said:

That is what it looks like to me. Same ole song and dance, just to a different tune. Nothing has changed with these thieving morons. 

Incorrect. You need to look at the Cash sales in the auction. @Laid Back explains it in a post yesterday. Maybe he will respond to this post. Things are going the way they should be st this point from what I gather. 

[hspotman]

1 hour ago, 8th ID said:

That is what it looks like to me. Same ole song and dance, just to a different tune. Nothing has changed with these thieving morons. 

Nothing has changed for investors either, as I see people are focusing on later dates upcoming. Like in years past(ALL years), whenever they hype for the new year rv comes to pass, the same dates keep popping up to look at.

[horsesoldier]

These slick MOFOs got more moves than a sidewinder snake.

[3n1]

12 hours ago, WheresmyRV? said:

So the auctions are continuing...

 welp they did change the name to Foreign Reinforcements now with only a few banks thieving i mean allowed to deal with foreign currency , so there is that after 20 years lol

[Artitech]

15 hours ago, Jaygo said:

Incorrect. You need to look at the Cash sales in the auction. @Laid Back explains it in a post yesterday. Maybe he will respond to this post. Things are going the way they should be st this point from what I gather. 

What does that mean? If you don’t mind how do you figure, that this deal is going the way it should go. Interested how you are getting to your position dealing with the current situation. Thank you in advance for your thoughts! Artitech , Hookem🤘

[Jaygo]

44 minutes ago, Artitech said:

What does that mean? If you don’t mind how do you figure, that this deal is going the way it should go. Interested how you are getting to your position dealing with the current situation. Thank you in advance for your thoughts! Artitech , Hookem🤘

@Laid Back may be an able to answer that question better. The info I got was from an article he posted the other day. 

[8th ID]

48 minutes ago, Artitech said:

Hookem🤘

That alone is worth 10 stars ⭐️ !! 

[screwball]

19 hours ago, Jaygo said:

Incorrect. You need to look at the Cash sales in the auction. @Laid Back explains it in a post yesterday. Maybe he will respond to this post. Things are going the way they should be st this point from what I gather. 

100% no cash transactions = no auctions

[Laid Back]

Cash withdrawals are back.!

The only difference I see with the last currency selling window of 12/31/2024 is;

Total amounts of transfers abroad (remittances and credits) changed for Foreign Reinforcement.

Foreign Reinforcement Request is use in correspondent banking as an essential component of the global payment system, especially for cross-border transactions 

to support system" rel="">support international trade and financial inclusion.

 

 

Details Amount

Total Foreign Reinforcements

279,828,208

Total Cash Withdrawals

17,250,000

Total sale amounts

297,078,208

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.

[3n1]

21 minutes ago, Laid Back said:

Cash withdrawals are back.!

thanks for all you post LB ..... cheers

[JonnyV]

1 hour ago, Laid Back said:

Cash withdrawals are back.!

The only difference I see with the last currency selling window of 12/31/2024 is;

Total amounts of transfers abroad (remittances and credits) changed for Foreign Reinforcement.

 

Foreign Reinforcement Request is use in correspondent banking as an essential component of the global payment system, especially for cross-border transactions 

to support system' target='_blank' style=">support system" rel="">support international trade and financial inclusion.

 

 

Details Amount

Total Foreign Reinforcements

279,828,208

Total Cash Withdrawals

17,250,000

Total sale amounts

297,078,208

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.

 

So, the above in red happened today?  I’m confused b/c I thought the banks were closed for 4 days.  

Edited January 5, 2025 by JonnyV

[cranman]

Don't believe anything that is said.  Believe only what has happened or is happening. 

 

At this point we have no concrete information of what is going to be. 

Only what is actually happening at this time.

 

I want this to happen as much as everyone else, but we can only speculate what the articles mean. 

Iraq says one thing and does another, or nothing at all.

 

It's very frustrating.  We could be a day, weeks, month or years away from the end of this ride. 

[Laid Back]

I understand what you said cranmam.
 

I believe in this information Is coming from the CBI the entity that manages monetary policy. This is not from a news article.

 

Cash withdrawals are back.!

 

Foreign Currency Selling Window results for Sunday, 5/1/2024

 

Details Amount

Total Foreign Reinforcements

279,828,208

Total Cash Withdrawals

17,250,000

Total sale amounts

297,078,208

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.

[WheresmyRV?]

Looks like nothing changing anytime soon. 

[horsesoldier]

29 minutes ago, WheresmyRV? said:

Looks like nothing changing anytime soon. 

Things are always changing here in the Twilight Zone...where things wind up is anyone's guess...cuz we're still here, and we might never be able to escape...cue theme music 🎶 

[Longtimelurker]

 

The differences that I'm aware of is that the CBI no longer handles the auction and only plays a supervisor role in what the correspondent banks are distributing. The correspondent banks have access to multiple currencies instead of just the USD. When the time comes, the correspondent banks will distribute multiple foreign currencies for those traveling and/or trading with other countries. This process mirrors that of most other international countries. 

 

Iraq is opening up to the world.

 

This is my take on the auction changes, please don't hesitate to correct me

 

 

[JonnyV]

2 hours ago, horsesoldier said:

Things are always changing here in the Twilight Zone...where things wind up is anyone's guess...cuz we're still here, and we might never be able to escape...cue theme music 🎶