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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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mochasmom
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Rocky
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    CBI Currency Auctions Announcement No. (3310) 2/11/2016

    Rocky
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    CBI Currency Auctions Announcement No. (3310) 2/11/2016 - Page 2 Empty CBI Currency Auctions Announcement No. (3310) 2/11/2016

    Post by Rocky Wed 02 Nov 2016, 6:53 am

    First topic message reminder :

    CBI Currency Auctions

    Announcement No. (3310)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraqon 2/11/2016 and the results were as follows:
     
    DETAILSNOTES
    Number of banks32
    Number of remittance companies14
    Amount sold at auction price (US$)148,382,765
    Amount purchased at Auction price (US$)-----
    Total offers for buying (US$)148,382,765
    Total offers for selling (US$)-----
     

    [You must be registered and logged in to see this link.]
    mochasmom
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    Post by mochasmom Thu 03 Nov 2016, 7:49 am

    Could it be???
    jedi17
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    CBI Currency Auctions Announcement No. (3310) 2/11/2016 - Page 2 Empty Re: CBI Currency Auctions Announcement No. (3310) 2/11/2016

    Post by jedi17 Thu 03 Nov 2016, 10:18 am

    CBI Auctions
    The Central Bank of Iraq issues CBI bills and has adopted a mechanism that will be applied periodically. The results will be announced at 11 am after the closing time of the auction which is at 10 am.

    Cancel the auction Announcement No.(D194 )

    CBI decided to cancel the auction No.(D194) for period (182) days which is supposed to be held in 1/11/2016, because the system refused all bids which were submitted by participants.

    Announcement Number (C151)

    The auction No. C151 for Central Bank of Iraq bills based on a uniform price auction for IQD 200,000,000,000.000 par value for the bills  concluded on 08-12-2015.
    The total public bidding is IQD 281,500,000,000.000 and the cut-off yield (the highest yield of the  successful bidder) determined by the auction was 4.40%.
     
    DETAILS (AMOUNT IN IRAQI DINARS)NOTES
    Securities OfferedDiscount
    Total Offering200,000,000,000.000
    Total Public Bidding281,500,000,000.000
    PricingMultiple
    Term of Security (days)91
    Settlement Date09-12-2015
    Maturity Date09-03-2016
    Competitive Bidders7
    Winning Bidder6
    Total Valid Competitive Bids281,500,000,000.000
    Total competitive Bids Awarded200,010,000,000.000
    Range of Yields for Valid Competitive Bids[4.00%-5.50%]
    Cutoff Yield (%)4.40
    Average Competitive Yield4.29
    Bids Received as % of Amount Offered140.75
    [You must be registered and logged in to see this link.]
    [You must be registered and logged in to see this link.]
     

    Announcement Number (D193)

    The auction No. D193  for Central Bank of Iraq bills based on a uniform price auction for IQD 200,000,000,000.000 par value concluded on the 4-10-2016. 

    The total public bidding is IQD 75,000,000,000.000 and the cut-off yield (the highest yield of a successful bidder) determined by the auction was 2.50%.
    DETAILS (AMOUNT IN IRAQI DINARS)NOTES
    Securities OfferedDiscount
    Total Offerings200,000,000,000.000
    Total Public Bidding75,000,000,000.000
    PricingMultiple
    Term of Security (days)182
    Settlement Date5-10-2016
    Maturity Date5-4-2017
    Competitive Bidders3
    Winning Bidders1
    Total Valid Competitive Bids75,000,000,000.000
    Total Competitive Bids Awarded15,000,000,000.000
    Range of Yields for Valid Competitive Bids[2.50% -4.50%]
    Cutoff Yield (%)2.50
    Average Competitive Yield2.50
    Bids Received as % of Amount Offered37.50
    [url=http://www.cbi.iq/documents/scurities actionsCBI_D-182.xls]Details of the auctions[/url]
    [You must be registered and logged in to see this link.]
    Note: all dates above are in DD



    not sure what auction it is that they cancelled but it is NOT the currency auction
    Screwball
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    CBI Currency Auctions Announcement No. (3310) 2/11/2016 - Page 2 Empty Re: CBI Currency Auctions Announcement No. (3310) 2/11/2016

    Post by Screwball Thu 03 Nov 2016, 3:29 pm

    Says they cancelled currency auctions 182 days?
    jedi17
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    Post by jedi17 Thu 03 Nov 2016, 3:33 pm

    Screwball wrote:Says they cancelled currency auctions 182 days?

    OK....again...I know I have added to this confusion, but it is not the currency auction that is cancelled...but some type of CBI auction is cancelled and it is not the first time it has been
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    Post by Screwball Thu 03 Nov 2016, 4:09 pm

    Bond auction?
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    Post by mochasmom Fri 04 Nov 2016, 11:39 am

    We wont see auctions stopped UNTil lower denoms roll out, specifically the 50
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    CBI Currency Auctions Announcement No. (3310) 2/11/2016 - Page 2 Empty Re: CBI Currency Auctions Announcement No. (3310) 2/11/2016

    Post by Neno Fri 04 Nov 2016, 11:55 am

    mochasmom wrote:We wont see auctions stopped UNTil lower denoms roll out, specifically the 50
    duck
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    Post by firefly Fri 04 Nov 2016, 1:10 pm

     because the system refused all bids which were submitted by participants.


    The question is why did the system refuse all bids? Were they not to the CBI's liking?


    Were they too low?


    Something IMO is definitely going on !

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