CBI Auction

[firemans35]

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$)

[JakeInYourBox]

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?

[firemans35]

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.

[PacoTaco]

It mean the pressure is building! Get ready, tick tock goes the dinar clock!!

Go RV!

[dinar-racer]

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..

[Merslinger]

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?