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Dutch Auction

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Auction No78 held on 10/15/2008
Total Amount OfferedUS$ 60,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 479,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks18
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Auction No77 held on 10/13/2008
Total Amount OfferedUS$ 60,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 287,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks17
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Auction No76 held on 10/8/2008
Total Amount OfferedUS$ 60,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 244,198,700.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks16
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Auction No75 held on 10/6/2008
Total Amount OfferedUS$ 60,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 257,448,700.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks17
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Auction No74 held on 9/24/2008
Total Amount OfferedUS$ 65,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 34,431,434.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks11
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Auction No73 held on 9/22/2008
Total Amount OfferedUS$ 65,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 83,431,434.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks15
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Auction No72 held on 9/17/2008
Total Amount OfferedUS$ 65,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 82,500,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks18
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Auction No71 held on 9/15/2008
Total Amount OfferedUS$ 65,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 16,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks
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Auction No70 held on 9/10/2008
Total Amount OfferedUS$ 65,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 14,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks9
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Auction No69 held on 9/8/2008
Total Amount OfferedUS$ 65,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 20,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks12
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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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