Monday, June 23 2008, CBI Rate 1196

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Monday, June 23 2008, CBI Rate 1196

Post by soeharto on Mon Jun 23, 2008 2:42 am

Announcement No.(1193)


D.G. of Foreign Exchange Control

The 1193 daily currency auction was held in the Central Bank of Iraq day Monday 2008/6/23 so the results were as follows :



Number of banks 16 -----

Auction price selling dinar / US $ 1196 -----

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

Amount sold at auction price (US $) 86.175.000 -----

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

Total offers for buying (US $) 86.175.000 -----

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

soeharto

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Re: Monday, June 23 2008, CBI Rate 1196

Post by DinarHogg on Tue Jun 24, 2008 1:28 am

Sure would like to see it start to move again!! I think when more reconstruction of the infrastructure is completed and their industrial sector is back online for the most part, We will see faster gains in the pip sector!! Cool

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Re: Monday, June 23 2008, CBI Rate 1196

Post by Copedawg on Tue Jun 24, 2008 3:24 am

yuppers, something has to happen. This can't drag out like this, can it? There largest note is = to about 20 bucks and thats not much for a "cash based" country. This has been a frustrating ride so far.

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Re: Monday, June 23 2008, CBI Rate 1196

Post by DinarHogg on Tue Jun 24, 2008 8:01 am

All the other things need to fall into place also as they are starting to now,, HCL, IMF, Sovereignty, etc..etc..

1 USD = 3 old Dinars pre 1993
1 USD = 1196 NID post 1993
Iraqis traded 1 old Dinar for 1 NID and more for Swiss Dinar in the north.
Current exchange rate 1196 NID = 1 USD
How can they recoup their losses without an RV ???

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Re: Monday, June 23 2008, CBI Rate 1196

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