***Currency Auction*** 1/5/12, (US$) 279,100,000

[billiebobt]

Currency Auctions

Announcement No. (2050)

The latest daily currency auction was held in the Central Bank of Iraq on the 5-JAN-2012. The results were as follows:

Details Notes

Number of banks 25

Auction price selling dinar / US$ 1170

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

Amount sold at auction price (US$) 279,100,000

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

Total offers for buying (US$) 279,100,000

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

CBI Auction

[SgtFuryUSCZ]

What?!... again? Can someone please tell me how this affects an RV? Is it true this sort of thing has to stop before there'll be an RV?

[jetphyxr]

What?!... again? Can someone please tell me how this affects an RV? Is it true this sort of thing has to stop before there'll be an RV?

Adam stated they can have an auction and rv the same day. Keep on watch.

[kcw] DinarDaddy83 Hi Adam, if the CBI holds a currency auction does that mean the RV cannot happen that day?

.

[Adam Montana] no, that's not true

[Adam Montana] one would assume there would be no auction... but they can hold an auction and then RV on the same day

[Adam Montana] there is no rule stating otherwise

[Adam Montana] next please

Read more:

Edited January 5, 2012 by jetphyxr

[thatoneguy]

Man, that's a lot of scratch. However it was worded, they seem to be "balancing" at rather exorbitant amounts. Sure would like this to lead to our ROI. Chao.

[SgtFuryUSCZ]

Thanks JetPackJack, glad to know it can happen regardless of other stuff going on. Now would somebody please tell THEM that?!