Why hasn't the central bank of iraq exchanged currency since 02-10-10?

[davidnelsen]

Exchange Rates

--------------------------------------------------------------------------------

Announcement No.(1589)

The 1589 daily currency auction was held in the Central Bank of Iraq day Wednesday

10-2-2010 so 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 $)

186.025.000

Amount purchased at Auction price (US $)

-----

Total offers for buying (US $)

186.025.000

Total offers for selling (US $)

-----

Dollar's exchange rates / in Baghdad markets

*Does anyone know what's up here?

[beau777]

They have had auctions every day. Here is the one for today.

Announcement No. (1597)

The latest daily currency auction was held in the Central Bank of Iraq on the 22-FEB-2010. The results were as follows:

Details Notes

Number of banks 15

Auction price selling dinar / US $ 1170

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

Amount sold at auction price (US $) 162,060,000

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

Total offers for buying (US $) 162,060,000

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

Edited February 22, 2010 by beau777
shortend

[davidnelsen]

Thanks. I don't know why I'm not seeing that???

[Wayne & Leah High]

I was about to say... I could have sworn that I had seen currency auction(s) after the 10th; thanks for answering that so quickly beau777 : ) it would have taken me a while to find it.

[clkelle]

my guess is they are holding back us dollars in order to purchase our dinars we turn into the banks

[Butifldrm]

I always look at Aswat Al Iraq for the daily auction

CBI sells $162m on Mon.

February 22, 2010 - 10:13:10

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq’s (CBI) dollar sales rose to $162.06 million in its daily auction on Monday, compared to $81.712 million in the previous session.

“The demand hit $12.610 million in cash, covered at an exchange rate of 1,170 Iraqi dinars per dollar, and $149.450 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 15 banks that participated in today’s session offered to sell dollars.

The Central Bank of Iraq runs a daily auction from Sunday to Thursday.

SS (P)

Have a great day

[PeaceWithinBringsSuccess]

i dont even understand this ish LOL

[taxguy]

Thanks. I don't know why I'm not seeing that???

CBI just updated its website and there is a new page where the currency auctions are posted, you are looking at the last day for the old page. Here's the new link:

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