Thread: Iraq/Dinar News Until 5/31/2007 7:15 PM CST..

Originally Posted by fredgwest1999

Announcement No.(931)
D.G. of Foreign Exchange Control

The 931 daily currency auction was held in the Central Bank of Iraq day Thursday 2007/5/24 so the results were as follows :

Details NotesNumber of banks12-----Auction price selling dinar / US $1259-----Auction price buying dinar / US $-----------Amount sold at auction price (US $)43.535.000-----Amount purchased at Auction price (US $) ------ Total offers for buying (US $)43.535.000-----Total offers for selling (US $)-----------

Just a thought......Thats 2 days on 1259....I was wondering what the likelihood of the rate going back to 1260.....then the reval happening as everyone had hoped.....??
Regards