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CBI Currency Auction 2/24/2011

Doc31

By Doc31,
in Iraq & Dinar Related News

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Doc31 Newbie

Doc31

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Currency Auctions

Announcement No. (1842)

The latest daily currency auction was held in the Central Bank of Iraq on the 24-FEB-2011.

The results were as follows:

DetailsNotesNumber of banks15

Auction price selling dinar / US$1170

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

Amount sold at auction price (US$)154,496,000

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

Total offers for buying (US$)154,496,000

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

Exchange rates

Dollar's exchange rates / in Baghdad markets

2wrnofc.jpg

Oil way UP $4+/-

Gold UP $8

Zeroes ... near ... cash portion was 2.16M or 1.39% on moderate volume with 15 of 22(?) banks participating

OK ... short and (not so) sweet this morning.

I guess its true what they say about not being able to look away from a train wreck. I'm wondering how many of us would subscribe to a multi-channel pay-per-view of that train wreck.

No ... I don't believe everything that I read ... it's Iraq. All of my phone calls in the last few days (all impossible to corroborate) are regarding immediacy/imminent RI/RV ... wellllllllllllllllllllllllllllllllllllllllll ... I know you get my point.

Here's my least favorite news article Seized 1.2 million dollars of politicians, left Iraq during the last 48 hours ... the article is translated very badly but comes off as rats leaving a sinking ship and when caught ... still willing to leave behind their stash! Hmmmmmmmmmmmmmmm. The article also took the opportunity for their Customs Division to proclaim that they've actually stopped $200M ... that's dollars ... 1/5th of a billion from leaving Iraq ... I realize that they could just be posturing/bragging ... imagine how much got through!

I had hopes for this one Iraqi bank revamps banking that was right up until it was quoting Mohammed Saleh ... just dismiss it until it is confirmed elsewhere.

This one popped up while I was writing Iraqi Media Commission challenges ban on live coverage of Friday protest I guess someone was planning pay-per-view after all ... who knew.

Najaf's lawyers will not participate in demonstrations Friday ... don't even get me started here ... and then I'd have Maynard57 on me ... lol

The arrest of an official in the Ministry of Defense after tendering his resignation through media means ... this one smacks of ... well you be the judge

Talbani visits Kuwait tomorrow ... okay ... now here's a guy with style ... schedule a foreign appearance rather than just bail ... besides when you are on government business you have diplomatic immunity ... so pouches, luggage, etc. aren't subject to search ... you can exit the country with your stash AND without interference. It brought tears to my eyes ... well done ... same type of rat ... same ship ... but what panache!

OK ... you are right it was down and dirty not short and (not so) sweet!

I chuckled last night when a friend and I discussed our "11th hour" God. You know, I checked this morning ... and He hadn't fallen off of His throne! ... and it is from that ... and not the news (and I use that term loosely) from which I draw my peace.

I doubt that I imparted any of that peace to you this morning but I do hope that you are able to draw your own peace in the same manner.

Doc31

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all4one Newbie

all4one

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thanks so much doc!!! after relieving some brutal memories, in regards to another post in opinions. pouring my heart out on the subject. your post as always. with reason,dignity and integrity. helped to right the ship and bring her around for another pass under her own steam. Eric

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jericho Newbie

jericho

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Doc, you have been the only consistent fact based source on DV since i've been around. Thank you for never disguising your added opinions as some type of intel or such. I fear that it won't be much longer before there is no reason to log on and read. As much as i'd like to believe in smoke screens, this now appears to be a massive disaster and there is no puppetier.

Maybe i'm wrong (hope, hope). Just remember folks, you didn't get scammed! We all gambled and apparently lost. We hit a 13 with dealer showing a 7, a good play, but we're getting a face card...BUST!

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Mammaw Collaborator

Mammaw

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Hey Doc, thanks for the post. Very interesting reading, as usual. I was wondering if you might clarify a few points, in your honest opinion. :D Do you think these rats that are bailing figure they are going to be removed by the people? Are we talking about Parliment? Who are these officials? Any ideas? And will their leaving cause the RV to be delayed further? :blink: Thanks again.

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