Exchange Rate for 7/13/08
+6
Money4Nothin'
debrobb
bigpoppapump
messiah
Sponson
Bambaboo
10 posters
Page 1 of 1
Exchange Rate for 7/13/08
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
Bambaboo
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
Bambaboo
Bambaboo- Posts : 54
Join date : 2008-07-07
Re: Exchange Rate for 7/13/08
Thanks Bamba!
Anyone care to opine as to why more USDs are being held by the banks?
Anyone care to opine as to why more USDs are being held by the banks?
Sponson- Forum Leader
- Posts : 90
Join date : 2008-06-23
Re: Exchange Rate for 7/13/08
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.
messiah- Posts : 28
Join date : 2008-06-25
Re: Exchange Rate for 7/13/08
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.
Not by a long shot...lol
Sponson- Forum Leader
- Posts : 90
Join date : 2008-06-23
Re: Exchange Rate for 7/13/08
If Sponson Doesn't know then we are all in trouble?
bigpoppapump- Posts : 26
Join date : 2008-06-27
Re: Exchange Rate for 7/13/08
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??
debrobb- Posts : 17
Join date : 2008-06-25
Re: Exchange Rate for 7/13/08
Whatever, their rate is crap!!!!!!!!!!!
Money4Nothin'- Posts : 15
Join date : 2008-07-06
Re: Exchange Rate for 7/13/08
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?Money4Nothin' wrote:Whatever, their rate is crap!!!!!!!!!!!
CROW- Posts : 194
Join date : 2008-06-26
Re: Exchange Rate for 7/13/08
Yeah Crow, I suppose you're right, but the rate is still crap considering.
Money4Nothin'- Posts : 15
Join date : 2008-07-06
Re: Exchange Rate for 7/13/08
iwas just on the forex and the exchang rate was 1155
robrn2- Posts : 1
Join date : 2008-07-10
Re: Exchange Rate for 7/13/08
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.
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.
rusrious- Posts : 3
Join date : 2008-07-13
Re: Exchange Rate for 7/13/08
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?
Ricochet- Posts : 3
Join date : 2008-07-07
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