ANOTHER AUCTION..

[liquidravingdj]

Currency Auctions

Announcement No. (1848)

The latest daily currency auction was held in the Central Bank of Iraq on the 6-MAR-2011. The results were as follows:

Details Notes

Number of banks 14

Auction price selling dinar / US$ 1170

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

Amount sold at auction price (US$) 77,887,000

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

Total offers for buying (US$) 77,887,000

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

Exchange rates

Dollar's exchange rates / in Baghdad markets

[tommyboy]

Wonder why only 14 banks and $77.8 million? Seems low.

Thanks for the post.

Edited March 6, 2011 by tommyboy

[liquidravingdj]

Wonder why only 14 banks and $77.8 million? Seems low.

Thanks for the post.

I KNOW WEIRD I WAS JUST SAYING THAT TO MY WIFE... ITS ABOUT HALF OF WHAT THEY USUALLY DO...

[BanG]

I KNOW WEIRD I WAS JUST SAYING THAT TO MY WIFE... ITS ABOUT HALF OF WHAT THEY USUALLY DO... :confused:

Yea agree that is very low? Hmmm. Good Point. Thanks for the info.

[gotfetus]

Wow. Good post. Yeah that is for sure strange. I can't see the rates though on the main page they haven't updated yet. Only the currency auction

. Impending RV? Let's hope so peoples.

[BryanGT3RS]

Rumor has it that when they aren't swapping as many dinars for dollars, that's a good sign. IDK

[timborders]

Rumor has it that when they aren't swapping as many dinars for dollars, that's a good sign. IDK

Hell who knows it might be Monday! All right I said might

Edited March 6, 2011 by timborders

[E A Poe]

Hell who knows it might be Monday! All right I said might

The Psychic says so! (I'm banking on it!)

[KramerDinar]

Maybe the banks are tired of buying and having nothing happen like us. Lets get the banks to stop buying and something has to happen.

[timborders]

Maybe the banks are tired of buying and having nothing happen like us. Lets get the banks to stop buying and something has to happen.

The banks are making money on it even if we don't.

Edited March 6, 2011 by timborders

[Crow]

But stays at 1170!! Not sure, but didn't that use to move alittle before??

[DinarSeeker]

If tommorrow is low like this it could only mean one thing..... Rv To get the best scenario for the start of this, they would need to dry up as many large notes as they can. Lets hope for the best. I find it hard to believe that parliment refuses to talk about the ministry positions today when the riots are starting back up.....unless there done!

[BanG]

If tommorrow is low like this it could only mean one thing..... Rv To get the best scenario for the start of this, they would need to dry up as many large notes as they can. Lets hope for the best. I find it hard to believe that parliment refuses to talk about the ministry positions today when the riots are starting back up.....unless there done!

Excellent POST! Just remember they do not think like us and time has a very different meaning to them compared to the west. Really I do not see how they can run a country like this. JMO.

[wildmountain]

Wonder why only 14 banks and $77.8 million? Seems low.

Thanks for the post.

It's been a lot lower than this in the very recent past. Go to the CBI website. Check the last page of auctions. It lists auctions for the past few years.

[deepseadinar]

WELLLL THEY ARE USUSALLY AROUND THE 133 MILLION TO 14 BANKS. MY GUESS IT IS WINDING DOWN AND THE DEMAND AT OUR END FROM THE DEALERS AND EBAY ACCOUNTS TO BUY/SELL HAS SOFTENED CONSIDERABLY.

MAINLY DUE TO PRICE! THE DEALERS AND EBAY HAVE RAISED PRICES SO MUCH A LOT OF POTENETIAL BUYERS HAVE GONE AWAY. THE AVERAGE FOR 100K DINAR ON EBAY IS 133.50 AND JUST 2 MONTHS AGO WAS 116. PER 100K.

IMO PEOPEL ARE GETTING "WEARY" WAITING ON THE CASH-IN - IT'S LIKE WAITING TO COME HOME FROM COMBAT IN THE VIET-NAM WAR!

I CAN SMELL THE DIESEL FROM THE TWIN TUNNEL DRIVES ON MY NEW BOAT NOW!

BE SURE YOU SAY "GOOD NIGHT" AND "GOOD MORNING" TO YOUR DINARS!

[money4you101]

But stays at 1170!! Not sure, but didn't that use to move alittle before??

It has been constant on the CBI site auction block at 1170 since Jan 18th, 2009.

Auction.pdf

See page 39 and follow it up to today.

[coldwarvet]

Thanks for the info. Good post.

[olivesman]

JUST PUUULLLLL THE TRIIIIIGGGGGER ALREADY!

[liquidravingdj]

the only thing i could think of is that today is sunday and its their monday but it still our sunday??? IDK... JUST HOPE RV SOON..

[R2d2dc]

My first thought was the same as all of yours. Very Low.