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Dutch Auction

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Auction No64 held on 8/22/2012
Total Amount OfferedUS$ 120,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 120,000,000.00
Highest Successfull Bid RateUS$ 155.90
Lowest Bid Rate155.80
No. of Successful15
No. of Unsuccessful0
Marginal BidUS$ 155.80
Number of Banks15
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Auction No63 held on 8/15/2012
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 126,849,786.93
Highest Successfull Bid RateUS$ 155.88
Lowest Bid Rate155.80
No. of Successful12
No. of Unsuccessful0
Marginal BidUS$ 155.80
Number of Banks12
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Auction No62 held on 8/13/2012
Total Amount OfferedUS$ 180,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 147,288,737.16
Highest Successfull Bid RateUS$ 155.90
Lowest Bid Rate155.83
No. of Successful15
No. of Unsuccessful0
Marginal BidUS$ 155.83
Number of Banks15
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Auction No61 held on 8/8/2012
Total Amount OfferedUS$ 350,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 318,773,369.30
Highest Successfull Bid RateUS$ 155.93
Lowest Bid Rate155.83
No. of Successful17
No. of Unsuccessful0
Marginal BidUS$ 155.83
Number of Banks17
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Auction No60 held on 8/6/2012
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 250,000,000.00
Highest Successfull Bid RateUS$ 155.95
Lowest Bid Rate155.86
No. of Successful20
No. of Unsuccessful0
Marginal BidUS$ 155.86
Number of Banks20
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Auction No59 held on 8/1/2012
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 250,000,000.00
Total Amount SoldUS$ 250,000,000.00
Highest Successfull Bid RateUS$ 155.92
Lowest Bid Rate155.86
No. of Successful20
No. of Unsuccessful0
Marginal BidUS$ 155.86
Number of Banks20
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Auction No58 held on 7/30/2012
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 200,000,000.00
Total Amount SoldUS$ 200,000,000.00
Highest Successfull Bid RateUS$ 155.94
Lowest Bid Rate155.84
No. of Successful18
No. of Unsuccessful0
Marginal BidUS$ 155.84
Number of Banks18
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Auction No57 held on 7/25/2012
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 217,072,498.83
Total Amount SoldUS$ 217,072,498.83
Highest Successfull Bid RateUS$ 155.93
Lowest Bid Rate155.84
No. of Successful15
No. of Unsuccessful0
Marginal BidUS$ 155.84
Number of Banks15
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Auction No56 held on 7/23/2012
Total Amount OfferedUS$ 300,000,000.00
Total Amount DemandedUS$ 300,000,000.00
Total Amount SoldUS$ 300,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.89
No. of Successful19
No. of Unsuccessful0
Marginal BidUS$ 155.89
Number of Banks19
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Auction No55 held on 7/18/2012
Total Amount OfferedUS$ 300,000,000.00
Total Amount DemandedUS$ 300,000,000.00
Total Amount SoldUS$ 300,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.87
No. of Successful20
No. of Unsuccessful0
Marginal BidUS$ 155.87
Number of Banks20
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Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
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