CBI Currency Auction 2/7/2011

[Doc31]

Currency Auctions

Announcement No. (1830)

The latest daily currency auction was held in the Central Bank of Iraq on the 7-FEB-2011.

The results were as follows:

DetailsNotesNumber of banks18

Auction price selling dinar / US$1170

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

Amount sold at auction price (US$)166,020,000

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

Total offers for buying (US$)166,020.000

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

Exchange rates

Dollar's exchange rates / in Baghdad markets

Oil ... oil is hanging in there near $90 ... tough at the pump though

Gold ... gold is just "whack" ... see for yourself ... http://www.kitco.com...s/livegold.html

Zeroes ... cash portion is 1.908M of the 166M or 1.15% ... not the 8.5%-12.25 of pre-Oct 7th. I added them all together the other day (since Oct 7th and they were less than Sept 20th just by itself). I know something is up ... I wish I had more particulars for you ... cause I'd have more for me too!

Between the posts, texts, emails, and calls yesterday regarding the passing of the budget I almost didn't get to see the game! Congratulations to both teams ... I wasn't for either one ... and they made it great fun too watch ... slug-fest ... barn-burner ... whatever you call it ... it was good! You thought I forgot ... lol ... I'm telling you what I told them ... I saw 2 Arab/Middle East articles and one revamped article from the same source ... I didn't see Reuters or any other news agency reporting it and so I wasn't all that moved by it. Later someone texted me that it was being reported in the WSJ. I did not get up from the game to check it out. This morning there are reports it is still a week out. Frank26 says "watch what they DO not what they say!" ... add to that "consider the source".

Man ... the news-hounds are slamming this morning ... thanks folks. Don't forget to plus articles that you find meaningful and use the stars in the upper right hand corner in their level of importance to this puzzle.

I've very little time but let's see ...

Ration cards back in the news ... unanimous vote ... still colored toilet paper boys ... you have to fix that to make the cards meaningful ... you already chopped their totals ... what? three times ... making them worth less than $.22 ... not hard to vote unanimously to spend that miniscule amount. FIX IT!

Allawi calling for services to the people to be provided as promised ... again, GE, Siemens, etc will go back to work when the colored toilet paper is worth something!

Talabani volunteers to have his salary cut ... noble? ... unlikely ... it's sort of an answer to Allawi's call for services ... "we're right in there with you ... struggling just like you" ... uh-huh

It looks like the March thru October luncheons have begun again ... al-Maliki and Allawi ... Talabani and Barzani ... they don't DO anything ... they announce a meeting ... then have the meeting to agree on having another meeting but must meet to decide when to announce that meeting ... you get the picture.

Kurds ...

Kurds ...

Kurds ... hmmmmmmmm ... lots of Kurds articles this morning ... real news or distraction? Well, there are too many ... not much substance but perhaps there is a gem in there that I missed ... love to see the Kurds get all of their ducks in a row. When the Kurds have more going on than Parliament ... the MP's are either really doing something behind closed doors OR doing what they do best ... luncheons!

Sorry ... apparently a bit pi$$y this morning ... headache (no ... I didn't party too hard for you Green Bay conspiracy theorists) and low caffeine level ... I don't know if that's it or if I'm just in the mood to see some movement from these clowns.

There are a couple of "Conscious" articles and a "watermelon" article ... sorry, I couldn't help myself ... for you newbies ... those words in the title virtually guarantee a very bad translation ... I sure would like to know what Arabic word is being translated into watermelon ... I'm betting that is funny.

Kuwait

Jordan

Nothing really rocking my world at this hour ... most of it is just "stuff" right now and I have to go.

Peace

Doc31

[aliveandcare]

Thanks Doc. As always, great job.

[cw2]

Thank you Doc31 as usually u post was great!!!!!!!!!!!

cw2

[rtrusty]

Thanks Doc for your post.

[S2_D2]

Thank you Doc for your post

[FlyinEagle]

Thank Doc ... Appreciate the hard work!!

[djgabrielie]

Doc31 Thanks for the nutshell. Lots of frustration out there and these guys just don't seem to feel compelled to pull the trigger. What ever happened to the prospect of a "Trade-able Currency?" lol

[Teresa82]

Thanks DOC always love your stuff! Appreciate your time! :D

[4Horsn2]

Thanks, Doc. Have a good one...

[kingfish]

Thanks DOC

[aferriss]

Doc, take two aspirin, drink a cup of coffee, get a good night's sleep and post in the morning. New mornings can sometimes bring on a new and fresh perspective. I'm tired of "riding the roller coaster" too, but eventually something will have to happen. The Iraqi people will eventually get tired and from what I gather, IMHO, they don't want an uprising so maybe through this we will see something happen this year.

Keep your chin up and great post as usual. God bless and peace to you.

[diligent1]

Thanks for all you do and share Doc-

[sweet B]

THANKS for the post

[rick_jb]

Thanks for the post Doc.

[jphillips]

Thanks Doc. I would love to know why it is so quiet. Good sign or a bad sign. We'll have to wait and see which.

[ronbo]

DOC, Thanks for all you do. I look forward to your Posts each day. Your editorial input is most appreciated as it gives me an anchor to keep me facing into the wind.

God Bless You, Doc

Ronbo

[mlay901]

Thanks Doc!

[Anita]

Thank you Doc, have a great day....no headache and more caffeine so we can get a best of you Appreciate your time.

[wildinar]

Thanks Doc

[Doc31]

Gold holding steady.

Oil off a bit more

[CFontenot]

Thanks for the post! It sure helps keep things straight...I sure hope the 14th is the day we can all breathe easy!

[gp49]

Thank God you're back! I look for you everyday.

Great post as usual!

gp49