CBI Currency Auction 9/18/11

[blonde_minx]

Announcement No. (1980)

The latest daily currency auction was held in the Central Bank of Iraq on the 18-SEP-2011. The results were as follows:

Details Notes

Number of banks 21

Auction price selling dinar / US$ 1170

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

Amount sold at auction price (US$) 192,345,000

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

Total offers for buying (US$) 192,345,000

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

Exchange rates

Dollar's exchange rates / in Baghdad markets

[k98nights]

Aswat Al Iraq / Economy , Baghdad

CBI sells 192 million dollars in its Sunday auction

9/18/2011 2:25 PM

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) has registered 192 million U.S.

dollars in its auction for the sale and purchase of foreign currencies on Sunday, at an average exchange rate of 1,170 dinars per dollar, down from its Saturday sales that reached 194 million dollars, the CBI’s daily bulletin reported.

“The total size of the demand for the U.S.

dollar on Sunday had reached 192 million and 345,000 U.S.

dollars, covered by the Bank at an average rate of 1,170 dinars per dollar,” the bulletin stressed.

The Bank’s sales were distributed on a cash sale of 7 million 10,000 dollars, on an average exchange rate of 1,183 dinars per dollar, the bulletin added, whilst the Bank’s foreign transfers reached 185,335,000 dollars, also at an exchange rate of 1,183 dinars per dollars, including the Bank’s interest rate of 13 dinars per dollar.

The bulletin repeated its daily comment that none of the banks that attended the auction, including the 21 banks that attended it on Sunday, had offered a single dollar for sale.

The CBI holds 5 auction sessions each week, beginning on Sunday and ending on Thursday, for the sale and purchase of foreign currencies, charging 13 dinars per dollar for its cash sales, along with 13 dinars per dollar for its foreign transfers.

SKH (TI)/SR

http://en.aswataliraq.info/Default1.aspx?page=article_page&id=144906&l=1

[andy3978]

Awesome! That's 225 Billion LESS Dinars out on the street. Keep them coming in!