firemans35 Posted June 26, 2011 Report Share Posted June 26, 2011 Announcement No. (1926) The latest daily currency auction was held in the Central Bank of Iraq on the 26-JUN-2011. The results were as follows: Details Notes Number of banks 16 Auction price selling dinar / US$ 1170 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 141,190,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 141,190,000 Total offers for selling (US$) Link to comment Share on other sites More sharing options...
JakeInYourBox Posted June 26, 2011 Report Share Posted June 26, 2011 Announcement No. (1926) The latest daily currency auction was held in the Central Bank of Iraq on the 26-JUN-2011. The results were as follows: Details Notes Number of banks 16 Auction price selling dinar / US$ 1170 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 141,190,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 141,190,000 Total offers for selling (US$) What does this mean for us?.... What does this mean if anything for RV? Link to comment Share on other sites More sharing options...
firemans35 Posted June 26, 2011 Author Report Share Posted June 26, 2011 It means nothing new, business as usual. With the rumors out there the last few days of an RV it shows the CBI hasn't RV'ed. Link to comment Share on other sites More sharing options...
PacoTaco Posted June 26, 2011 Report Share Posted June 26, 2011 It mean the pressure is building! Get ready, tick tock goes the dinar clock!! Go RV! Link to comment Share on other sites More sharing options...
dinar-racer Posted June 26, 2011 Report Share Posted June 26, 2011 What does this mean for us?.... What does this mean if anything for RV? Just a thought If you average the daily auction to 150 million us sold to buy back dinar. (we know part of this is other currency) Times 240 days of auctions you would come up with about 42 trillion dinar.Lets say they only bought back half in dinar---About 21 trillion in the last year.With worn out bills etc.Where would that put them against the 27 trillion printed.....About 6 trillion...Just food for thought.. Link to comment Share on other sites More sharing options...
Merslinger Posted June 26, 2011 Report Share Posted June 26, 2011 I can see that this means the rumors that the cbi has already rv isnt true but does this mean it isnt planning on going this week? is there any scenario where it could still happen this week or is this a sure sign of no? could this just be the cbi last show of the stability of the dinar to assure it meats that standard in order to rv? Link to comment Share on other sites More sharing options...
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