CBI 1-3-2012 Currency Auction

[Rogue Knight]

Currency Auctions

Announcement No. (2048)

The latest daily currency auction was held in the Central Bank of Iraq on the 3-JAN-2012. The results were as follows:

Details Notes

Number of banks 24

Auction price selling dinar / US$ 1170

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

Amount sold at auction price (US$) 252,587,000

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

Total offers for buying (US$) 252,587,000

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

Exchange rates

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

[LS1Hawk]

So Much for the Auction Vacation. Would have been exciting to see another day without them.

Oh well, Thats just another 252 Mill off the streets right.

[tommy17]

Boy i was hoping to not see a auction today. But 252 mill is huge amount

[seetrader1]

So Much for the Auction Vacation. Would have been exciting to see another day without them.

Oh well, Thats just another 252 Mill off the streets right.

That would be nice if that was how it worked.

[phxvalleygirl]

happy new year back to work blah blah blah...and back to the grind after holiday.

i really figured something would have happened over this past week.

delay is the order of the day...

also, i know an Iraqi-born, attorney in the USA. he related a story of when he was visiting the Middle East, not sure if it was Damascus or Lebanon. anyway, through family/friends, he met the acquaintance of a man and was invited into his home. the man's employment was with the power company. the man received a call that the power was out in a large area, and the man told the people that he could not come that day - that he was entertaining a guest in his home.

this is the Middle Eastern attitude (as well as other countries, like Italy, "domani, domani").

everything moves slow. especially progress.

[SocalDinar]

$252 Million back in the hands of CBI is good news but there was a 4 day weekend.

Hopefully we will see another week of large auctions.

Anyone know how much of this gets reissued?

What does the CBI do with the dinars it buys back from the banks?

[Canuklady]

Thanks for posting Rogue Knight.

[sonny1]

That would be nice if that was how it worked.

that is how it has been working, per cbi

[Crow]

lol....did a youtube search for arabs counting money......I dislike rap, but I could groove to this after the RV!!!!

[Abarvets]

Thanks for posting, back to work.

[zigmeister]

Another day in As the Dinar Turns.

[only 1-25k dinar]

Right you are Zig!

[E. 1999]

happy new year back to work blah blah blah...and back to the grind after holiday.

i really figured something would have happened over this past week.

delay is the order of the day...

also, i know an Iraqi-born, attorney in the USA. he related a story of when he was visiting the Middle East, not sure if it was Damascus or Lebanon. anyway, through family/friends, he met the acquaintance of a man and was invited into his home. the man's employment was with the power company. the man received a call that the power was out in a large area, and the man told the people that he could not come that day - that he was entertaining a guest in his home.

this is the Middle Eastern attitude (as well as other countries, like Italy, "domani, domani").

everything moves slow. especially progress.

id half agree and half disagree i feel like somethings cant wait but then again doesnt everyone pray at a certain time every day and i mean EVERYONE right?

[Patriotic_mess]

I got excited because the rates still had yesterdays date on it, good to hear they're pulling all that IQD in though. Thanks for the post Knight.

Edited January 3, 2012 by Patriotic_mess

[Carrello]

id half agree and half disagree i feel like somethings cant wait but then again doesnt everyone pray at a certain time every day and i mean EVERYONE right?

Muslims pray 5 times every day at designated times.