CBI Daily Selling Window & Currency Exchange Rates - Monday - 1/20/2025

[ronscarpa]

Foreign Currency Selling Window results for Monday 20/1/2025

 

Monday - January 20, 2025

Foreign Currency Selling Window results for Monday, 20/1/2025

 

Details	Amount
Total Foreign Reinforcements	275,810,836
Total Cash Withdrawals	31,200,000
Total sale amounts	307,010,836

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

Monday - 1/20/2025

Currency Converter

US dollar	USD	1310,000
Euro	EUR	1349.038
Pound Sterling	GBP	1598.331
Canadian Dollar	CAD	907.516
Swiss Franc	CHF	1436.482
Swedish crown	SEK	117,247
Norwegian crown	NOK	114,724
Danish crown	DKK	180.817
Japanese yen	JPY	8.443
Chinese Yuan	CNY	178,761
UAE Dirham	AED	356,696
Jordanian Dinar	JOD	1850.282
Australian Dollar	AUD	812,200
Special Drawing Rights	SDR	1700.197
Gold for a 24-ounce	Gold	3,512,015.000

[ronscarpa]

IQD Market Rates - Monday - 1/20/2025

Shafaq News:

The US dollar rose against the Iraqi dinar in Baghdad markets on Monday, while it decreased in Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange

 

Shafaq News Agency correspondent said that the dollar prices rose with the closing of the two main stock exchanges, Al-Kifah and Al-Harithiya, in Baghdad, to record 150,800 dinars for every 100 dollars, while the dollar prices this morning recorded 150,700 dinars for every 100 dollars

 

Our correspondent pointed out that the selling prices in the exchange shops in the local markets in Baghdad stabilized, 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 recorded a decline, as the selling price reached 150,400 dinars for every 100 dollars, and the buying price reached 150,300 dinars for every 100 dollars

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

[NWGUY]

Thank you Ron!   Our Guru friends must have gotten their wires crossed!  These auctions were supposed to shut down already...Hummmm....I am starting to doubt them now!  

[Spartakus]

It isn't the gurus, the CBI, itself, stated many times that the auctions would cease starting January 1st 2025.  I really don't understand what's going on here.

 

[Artitech]

4 hours ago, Spartakus said:

It isn't the gurus, the CBI, itself, stated many times that the auctions would cease starting January 1st 2025.  I really don't understand what's going on here.

 

It’s called business as usual. Like I’ve said before, there is nothing going on over there with the IQD! Nobody knows anything about what is going on over there. My hope is that we will see something like an RV/RI this first Qt! If we don’t we are in for another dead year. The way it’s going now with auctions starting again at basically right where they left off, gives me a sinking feeling in my stomach about this investment! Looks like I will be going in a different direction coming April 1st! This is such a damn shame too! I can’t express how Pi$$ off I am reading about this auction! Case closed!

[screwball]

2 hours ago, Artitech said:

My hope is that we will see something like an RV/RI this first Qt! If we don’t we are in for another dead year.

yes very possible...

[screwball]

I have given it to april 30 before i call another dead year!

[rvmydinar]

12 hours ago, Spartakus said:

It isn't the gurus, the CBI, itself, stated many times that the auctions would cease starting January 1st 2025.  I really don't understand what's going on here.

 

Neither do I. The CBI is the master of lies. Don't ever believe what the CBI said Then. who should we believe in then?? Gurus?? That wouldn't be right either.

[BETTYBOOP]

The auction have stopped as we knew them. This is normal in every country in the world. Money makes the world go round. The CBI is NO longer directly involved. All they do is monitor and report on the auctions. 

[Laid Back]

This is called Correspondent Banking….. Not currency auctions.!

 

Correspondent banking is a financial arrangement where one bank (the correspondent) provides services to another bank (the respondent).Correspondent banks are often located in different countries. 
 

How it works

The correspondent bank acts as an agent for the respondent bank. 

The correspondent bank provides services to the respondent bank, such as wire transfers, cash management, and check clearing. 

The correspondent bank charges a fee for the services it provides. 
 

Why it's important 

Correspondent banking is a key part of the global financial system.

It facilitates international trade, migrant remittances, and humanitarian flows.

It's especially important for emerging and developing economies.

 

Services provided 

Wire transfers: Processing international wire transfers

Cash management: Providing cash and treasury management services

Check clearing: Clearing checks and payments

Trade finance: Providing trade finance services

Foreign exchange services: Providing foreign exchange services

Document collection: Collecting documents on behalf of the respondent bank

 

[ASUMama]

Thank you Laid Back for all your input!  I know none know but what’s your hunch on when this thing will pop?  This month?  This quarter? This year?

[ScaryMary]

As everyone can see @ronscarpachanged the title of these posts.
He is still doing due diligence to keep us updated.

It is no longer an auction, but a daily selling window and exchange rate.

And as @Laid Backexplained this is called correspondent banking that occurs in all countries with a fantastic explanation.

Thank you both.

Blessings Love Light and Prayers y’all.

[ronscarpa]

10 hours ago, Laid Back said:

This is called Correspondent Banking….. Not currency auctions.!

 

Correspondent banking is a financial arrangement where one bank (the correspondent) provides services to another bank (the respondent).Correspondent banks are often located in different countries. 
 

How it works

The correspondent bank acts as an agent for the respondent bank. 

The correspondent bank provides services to the respondent bank, such as wire transfers, cash management, and check clearing. 

The correspondent bank charges a fee for the services it provides. 
 

Why it's important 

Correspondent banking is a key part of the global financial system.

It facilitates international trade, migrant remittances, and humanitarian flows.

It's especially important for emerging and developing economies.

 

Services provided 

Wire transfers: Processing international wire transfers

Cash management: Providing cash and treasury management services

Check clearing: Clearing checks and payments

Trade finance: Providing trade finance services

Foreign exchange services: Providing foreign exchange services

Document collection: Collecting documents on behalf of the respondent bank

 

Thank you Laid Back... An excellent description of the transactions - Blessings. RON