Exchange Rate for 7/13/08

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Exchange Rate for 7/13/08

Post by Bambaboo on Sun Jul 13, 2008 9:56 am

Retreat in demand for buying the dollar at an auction Central Bank

BAGHDAD - Iraq votes 13 / 07 / 2008 at 18:53:47




Retreat in demand for buying the dollar at an auction the Central Bank of Iraq, today, Sunday, at the opening of hearings this week, recording a total volume of demand reached 131 million and 320 thousand dollars, compared with 157 million and 245 thousand dollars last Thursday.

The adviser said the Central Bank of Iraq and member of the committee overseeing the auction, Dr Mazhar Mohammed Saleh, the Independent News Agency (Voices of Iraq) that the bank was "covered the applications at a price basis ability 1194 dinars to the dollar, and by 67 million and 620 thousand dollars in cash and 63 million and 700 thousand dollars in the form Remittances outside the country, the bank fully covered. "

Saleh explained that the rate of demand for today (Sunday), was "high on the overall rate of circulation, which is the limits of 70 million dollars per month, although the sale price of remittances commission includes 3 dinars to the bank on every dollar, and 6 dinars to the dollar to buy the cash, because the sale Requires cash costs of transport and seriousness in the process of transfer of currency to and from the auction. "

Arabic..

http://translate.google.com/translate?u=www.aswataliraq.info&langpair=ar%7Cen&hl=en&ie=UTF-8&oe=UTF-8&prev=%2Flanguage_tools

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Re: Exchange Rate for 7/13/08

Post by Sponson on Sun Jul 13, 2008 10:03 am

Thanks Bamba!

Anyone care to opine as to why more USDs are being held by the banks?

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Re: Exchange Rate for 7/13/08

Post by messiah on Sun Jul 13, 2008 2:27 pm

Sponson wrote:Thanks Bamba!

Anyone care to opine as to why more USDs are being held by the banks?

Sponson:

Your guess is good as mine. Hey wait...aren't you the cbi exchange rate guru? You should know the answer to this. Very Happy

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Re: Exchange Rate for 7/13/08

Post by Sponson on Sun Jul 13, 2008 2:36 pm

messiah wrote:
Sponson wrote:Thanks Bamba!

Anyone care to opine as to why more USDs are being held by the banks?

Sponson:

Your guess is good as mine. Hey wait...aren't you the cbi exchange rate guru? You should know the answer to this. Very Happy

Not by a long shot...lol

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Re: Exchange Rate for 7/13/08

Post by bigpoppapump on Sun Jul 13, 2008 2:37 pm

If Sponson Doesn't know then we are all in trouble? Laughing

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Re: Exchange Rate for 7/13/08

Post by debrobb on Sun Jul 13, 2008 7:00 pm

covered the applications at a price basis ability 1194 dinars to the dollar, and by 67 million and 620 thousand dollars in cash and 63 million and 700 thousand dollars in the form Remittances outside the country, the bank fully covered.



Is it not correct to say the selling price is always much higher than the actual exchange rate??

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Re: Exchange Rate for 7/13/08

Post by Money4Nothin' on Sun Jul 13, 2008 7:29 pm

Whatever, their rate is crap!!!!!!!!!!!

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Re: Exchange Rate for 7/13/08

Post by CROW on Sun Jul 13, 2008 7:36 pm

Money4Nothin' wrote:Whatever, their rate is crap!!!!!!!!!!!
I kinda like it makes me feel like I got more! Come on Money4Nothin you know you never get money for nothing! Am I not right? Rolling Eyes

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Re: Exchange Rate for 7/13/08

Post by Money4Nothin' on Sun Jul 13, 2008 9:56 pm

Yeah Crow, I suppose you're right, but the rate is still crap considering.

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Re: Exchange Rate for 7/13/08

Post by robrn2 on Fri Jul 18, 2008 6:57 pm

iwas just on the forex and the exchang rate was 1155

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Re: Exchange Rate for 7/13/08

Post by rusrious on Fri Jul 18, 2008 7:25 pm

No doubt, there is a trend, and it wont get worse. Just sit tight, and forgeta bout it, Im enjoying the ride, to be honest, and it was nice seeing it drop 30, exciting, I guess you can say..

I just picked up some side odd jobs, just to buy more dinar. It senseless not too, JMO.. Even if it happens in 5 years, imagine the amount of dinar you can amass by then.

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Re: Exchange Rate for 7/13/08

Post by Ricochet on Fri Jul 18, 2008 11:18 pm

Might just be me, but that link doesn't show that story about the CBI report. There hasn't been a report from the CBI at Aswat Aliraq newspaper since Thursday's auction. Can you provide a different link? scratch

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Re: Exchange Rate for 7/13/08

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