Replies to post #22507 on Iraqi Dinar Discussion Board (IQD)

[sportfisher]

Announcement No. (1607)
The latest daily currency auction was held in the Central Bank of Iraq on the 11-MAR-2010. The results were as follows:

Details Notes
Number of banks 19
Auction price selling dinar / US $ 1170
Auction price buying dinar / US $ -----
Amount sold at auction price (US $) 251,565,000
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 251,565,000
Total offers for selling (US $) -----


So they sold $251,565,000 USD worth of dinar to 19 banks? That's 294,331,050,000 dinar? EMA I welcome your input too.