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A different look at the CBI currency auctions..

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dogsnova

dogsnova
MODERATOR
MODERATOR

This is the way the CBI post the currency auctions when you look at the Arabic side of the web site..

IMO this is a much more detailed description of what's going on with the CBI currency auctions every day.. All I did was Goggle translated it..



Currency auction results
Proclamation No. (2050)

Was the opening of bids for the sale and purchase of dollar daily Fifty-two thousand for buying and selling foreign currency at the Central Bank of Iraq on Thursday 05/01/2012 and the results were as follows:

Detail Notes
The number of banks contribute to the auction 25
Price basis on which the successful bidder, selling dinars / USD 1170
The price at which the successful bidder Hraoua dinars / USD -----
Amount sold by the bank at auction - USD 279,100,000
The amount purchased by the bank at auction - USD -----
Total Offers to Buy - USD 279,100,000
Total Products - USD ----

Note that:

■ The price of the transfers (1183) KD / USD including the commission of the Central Bank of $ (13) dinars per dollar.
■ cash sales price (1183) KD / USD including the commission of the Central Bank of $ (13) dinars per dollar.

2. Quantity sold in the amount of cash (13 million) dollars and quantity sold in the amount of remittances (266.1 million) dollars.

3. Shall receive a commission of the Central Bank (13) dinars per dollar with a deduction of 8 JD / dollar amounts for any purchased that: the purchase price of U.S. dollars in cash = (sale price of the dollar cash - 8.

4. Central Bank of Iraq to continue buying and selling of the dollar and the price of (1170) and receive the same commissions mentioned above.


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dogsnova

dogsnova
MODERATOR
MODERATOR

what peaks my interest about this.. Is the use of 'KD' and 'JD'... KD stand for Kuwait Dinar and JD stands for Jordan Dinar..

Not sure if it means much... Just putting it out there Very Happy

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