CBI Auction for 10-24-2010

[tbush]

http://www.cbi.iq/index.php?pid=CurrencyAuctions

Announcement No. (1761)

The latest daily currency auction was held in the Central Bank of Iraq on the 24-OCT-2010. The results were as follows:

Details Notes

Number of banks 12

Auction price selling dinar / US$ 1170

Auction price buying dinar / US$ -----

Amount sold at auction price (US$) 137,910,000

Amount purchased at Auction price (US$) -----

Total offers for buying (US$) 137,910,000

Total offers for selling (US$) -----

[Guest Ratatap]

And yet another auction with no sale of Dinar ----- Someone knows something!!!!!! Hmmm my Dinar for your worthless Fiat Dollar......They are not dumb and the rest of the world is waking up fast now.

* Today Germany says to Tim and Ben and Obama, "your going the wrong way on a one way street" (paraphrasing). Meanwhile Brazil says "screw you" (paraphrasing) and backs out of weekend meetings in Seoul (Finance Ministers) followed by G-20 'Real Meeting' same place in November.

When this RV's folks don't go spend spend spend - prepare to preserve yourselves....

GO RV !!!!!!

[coachsmitty]

I couldn't agree more Ratatap! We may all be "life boats" for those close to us.

[circa67]

Excuse my igonrance, but can someone explain this auction chart to me? Thanks friends....