Dutch Auction

Activity closed till further notice

Auction No	44 held on 6/14/2010
Total Amount Offered	US$ 400,000,000.00
Total Amount Demanded	US$ 383,701,824.95
Total Amount Sold	US$ 383,701,824.95
Highest Successfull Bid Rate	US$ 149.09
Lowest Bid Rate	148.87
No. of Successful	22
No. of Unsuccessful	0
Marginal Bid	US$ 148.87
Number of Banks	22
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Auction No	43 held on 6/9/2010
Total Amount Offered	US$ 350,000,000.00
Total Amount Demanded	US$ 404,649,241.06
Total Amount Sold	US$ 350,000,000.00
Highest Successfull Bid Rate	US$ 149.00
Lowest Bid Rate	148.80
No. of Successful	17
No. of Unsuccessful	8
Marginal Bid	US$ 148.88
Number of Banks	25
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Auction No	42 held on 6/7/2010
Total Amount Offered	US$ 250,000,000.00
Total Amount Demanded	US$ 321,611,818.32
Total Amount Sold	US$ 250,000,000.00
Highest Successfull Bid Rate	US$ 149.00
Lowest Bid Rate	148.72
No. of Successful	19
No. of Unsuccessful	4
Marginal Bid	US$ 148.81
Number of Banks	23
Link	download details of this auction

Auction No	41 held on 6/2/2010
Total Amount Offered	US$ 500,000,000.00
Total Amount Demanded	US$ 304,083,865.56
Total Amount Sold	US$ 304,083,865.56
Highest Successfull Bid Rate	US$ 149.05
Lowest Bid Rate	148.75
No. of Successful	22
No. of Unsuccessful	0
Marginal Bid	US$ 148.75
Number of Banks	22
Link	download details of this auction

Auction No	40 held on 5/26/2010
Total Amount Offered	US$ 450,000,000.00
Total Amount Demanded	US$ 382,992,481.77
Total Amount Sold	US$ 450,000,000.00
Highest Successfull Bid Rate	US$ 149.44
Lowest Bid Rate	148.78
No. of Successful	21
No. of Unsuccessful	0
Marginal Bid	US$ 148.78
Number of Banks	21
Link	download details of this auction

Auction No	39 held on 5/24/2010
Total Amount Offered	US$ 450,000,000.00
Total Amount Demanded	US$ 350,841,807.93
Total Amount Sold	US$ 360,041,807.93
Highest Successfull Bid Rate	US$ 149.15
Lowest Bid Rate	148.87
No. of Successful	22
No. of Unsuccessful	0
Marginal Bid	US$ 148.87
Number of Banks	22
Link	download details of this auction

Auction No	38 held on 5/19/2010
Total Amount Offered	US$ 450,000,000.00
Total Amount Demanded	US$ 474,250,235.43
Total Amount Sold	US$ 450,000,000.00
Highest Successfull Bid Rate	US$ 149.84
Lowest Bid Rate	148.81
No. of Successful	18
No. of Unsuccessful	6
Marginal Bid	US$ 148.93
Number of Banks	24
Link	download details of this auction

Auction No	37 held on 5/17/2010
Total Amount Offered	US$ 450,000,000.00
Total Amount Demanded	US$ 530,799,667.42
Total Amount Sold	US$ 450,000,000.00
Highest Successfull Bid Rate	US$ 149.16
Lowest Bid Rate	148.69
No. of Successful	21
No. of Unsuccessful	4
Marginal Bid	US$ 148.84
Number of Banks	25
Link	download details of this auction

Auction No	36 held on 5/12/2010
Total Amount Offered	US$ 250,000,000.00
Total Amount Demanded	US$ 367,557,089.44
Total Amount Sold	US$ 250,000,000.00
Highest Successfull Bid Rate	US$ 149.19
Lowest Bid Rate	148.66
No. of Successful	16
No. of Unsuccessful	8
Marginal Bid	US$ 148.81
Number of Banks	24
Link	download details of this auction

Auction No	35 held on 5/10/2010
Total Amount Offered	US$ 250,000,000.00
Total Amount Demanded	US$ 427,300,632.80
Total Amount Sold	US$ 435,600,632.80
Highest Successfull Bid Rate	US$ 149.50
Lowest Bid Rate	148.71
No. of Successful	24
No. of Unsuccessful	0
Marginal Bid	US$ 148.71
Number of Banks	24
Link	download details of this auction

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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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