Currency Auction 5-4-11

[therealdinardaddy]

Check out www.cbi.iq

No auctions updated today. At least as of yet.. Rate is still at 1170

CURRENCY CODE SELL BUY

US dollar USD 1170.000 1168.000

Euro EUR 1729.260 1728.395

British pound GBP 1928.511 1927.547

Canadian dollar CAD 1232.877 1232.260

Swiss franc CHF 1349.170 1348.495

Swedish krona SEK 194.433 194.336

Norwegian krone NOK -------- --------

Danish krone DKK 231.904 231.788

Japanese yen JPY -------- --------

Special

Drawing Rights SDR 1892.264 1891.318

Indicative rates - 04.05.2011

Edited May 4, 2011 by therealdinardaddy

[xHalfxDeadx]

What time do they usally post it.

[Midx1]

From what I have noticed it usually is posted between 10:00am and 02:00 pm Iraq time.

This show to days date the 5th as already being updated.

So maybe no auction today at all.

[primalnick]

The auction has not updated yet. You need to look under the CURRENCY AUCTION tab. Here is the current post of the latest auction:

Announcement No. (1888)

The latest daily currency auction was held in the Central Bank of Iraq on the 3-MAY-2011. The results were as follows:

Details Notes

Number of banks 6

Auction price selling dinar / US$ 1170

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

Amount sold at auction price (US$) 3,515,000

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

Total offers for buying (US$) 3,515,000

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

[Midx1]

Still shows yesterdays auctions.

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

Announcement No. (1888)

The latest daily currency auction was held in the Central Bank of Iraq on the 3-MAY-2011. The results were as follows:

Details Notes

Number of banks 6

Auction price selling dinar / US$ 1170

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

Amount sold at auction price (US$) 3,515,000

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

Total offers for buying (US$) 3,515,000

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

Exchange rates

Dollar's exchange rates / in Baghdad markets

[primalnick]

Maybe I misunderstood. You were posting the current exchange rates and also stating there has been no auction update. If that is the case I apologize for correcting you. If not, then the correction stands.

Thanks,

primalnick

[xHalfxDeadx]

Awsome! If you look on the home page of the cbi website under the currency rates it say those were updated today but not the auction......this could be good news!

[easyrider]

yes this could be very good news but i honestly think oncce the CBI website goes off and comes back we wil have our new rate watch for that i do believe that might be the day we get our precious RV.

[sandyf]

Awsome! If you look on the home page of the cbi website under the currency rates it say those were updated today but not the auction......this could be good news!

Yesterday, the home page was updated some time before the auction page.

[zaborniake]

no it wasn't...

[gbosh]

Awsome! If you look on the home page of the cbi website under the currency rates it say those were updated today but not the auction......this could be good news!

OK, I'll bite. How is the rate being the same as it's been for 2 years combined with the currency auction not being updated yet today anything out of the ordinary?

Yesterday, the currency auctions results weren't available until after 2:00 pm Baghdad time.

Maybe I'm missing something....

gbosh

[zaborniake]

= Number of banks 12

Auction price selling dinar / US$ 1170 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 12,933,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 12,933,000 Total offers for selling (US$) -----

[zul]

Normally...by now the auction would have been updated.

I spoke too soon.

Number of banks 12

Auction price selling dinar / US$ 1170

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

Amount sold at auction price (US$) 12,933,000

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

Total offers for buying (US$) 12,933,000

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

[Theflyingbird]

That total is still quite a bit lower than usual. Maybe this is the week! Hopefully! GO RV!!!!!!

[mort]

This is still much lower than 150 mil as it has been before. Even with 12 banks, its still only 13 million, which is not much in the grand scheme of things. COM ON RV!!

[Terryokie]

yes!

[hoosier1470]

Lower than yesterday! Lets all see whats happens tomorrow!

[HYDRANT]

IS IT POSSIBLE THE REASON FOR THE LOW AUTIONS IS BECAUSE OF THE BANK IS ABOUT TO HAVE THEIR AUDIT HERE IN MAY

[gregp]

Lower than yesterday! Lets all see whats happens tomorrow!

This is not lower than yesterday. This is still really good.

[inheritance]

Currency Auctions

Announcement No. (1889)

The latest daily currency auction was held in the Central Bank of Iraq on the 4-MAY-2011. 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$) 12,933,000

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

Total offers for buying (US$) 12,933,000

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

Exchange rates

[GustavDB]

mmm still super low. I love waking up to seeing this.

[BW3]

THANKS FOR THE POST!!!

AWESOME, yes not as low as yesterday... That was crazy low,,,,,

Doc31 stated yesterday that he would have to go back to 2006 to find auctions that low... (wire/cash) but yesterday was all cash, I think...

Many do not think they can KEEP having these low of auctions (EVEN THE CBI has articles we have seen that state they know it will increase inflation, but not to worry cause they are revaluing the currency or it will create more inflation and they already have been climbing with inflation since the begining of the year....

Wonder HOW LONG THEY CAN KEEP THE LOW AUCTIONS GOING ON....????

GREAT STUFF!!!!!!!!!!!!!!!!!!!!

GO RV!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[zaborniake]

I'm not certain if it works exactly like this, but the average sales per participating banks in the last two auctions are:

May 3: 6 banks/$3,515,000 = 585,833.33

May 4: 12 banks/$12,933,000 = 1,077,750

Today's auction was much higher than yesterday, however, it is the second lowest total since the auctions took a nose dive on April 25th.

[M.D.]

thanks for the post therealdinar daddy ..............I agree with you easy

[Carrello]

I'm not certain if it works exactly like this, but the average sales per participating banks in the last two auctions are:

May 3: 6 banks/$3,515,000 = 585,833.33

May 4: 12 banks/$12,933,000 = 1,077,750

Today's auction was much higher than yesterday, however, it is the second lowest total since the auctions took a nose dive on April 25th.

From the 3rd to 4th there were twice as many banks participating, but the amount of transactions on the 4th were half of the transactions on the 3rd. Does that indicate anything (something you don't need an aspirin for)?