WOW!!! CBI Auction is WAY Down From Norm!!!

HAT TIP: LJ’s Skype Room

US report says Iraqi auditors believe up to $800M is sent out of Iraq illegally each week

This article may just explain why today’s Auction was DOWN over $100 Million USD than “normal”!!!

~ Mr. IQD

HAT TIP: The Currency News Hound

Wow is all we could say when we just saw the latest CBI Currency Auction!!!

The sales were about $100,000,000 LOWER than the normal average CBI Auction!!! Why???

Is it due to the Holiday they just had???

Is it due to the crackdown on the illegal funneling of USD to Iran???

Or is it coincidence and nothing to worry about….. (eh-hem, clearing my throat!)

You Decide – maybe it’s nothing….

~ Mr. IQD

CBI Daily Currency Auction for Oct 30, 2012
The latest daily currency auction was held in the Central Bank of Iraq on the 30-OCT-2012. The results were as follows:

Number of banks 18
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 163,050,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 163,050,000
Total offers for selling (US$)

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