Central Bank of Iraq Auctions $159,474,356 on 06 August 2017

Central_Bank_of_Iraq_Logo


Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on August 6 registered $159,474,356 in sales, a -1.13% volume decline from the US $161,289,845 sold by Iraqi Dinar, credit and transfer at the previous auction held on August 3.

The latest auction was attended by 39 banks and 10 remittance companies. 3 fewer volume of institutions attended the auction held on August 6 compared to the previous auction.

Data for the August 6 auction was made public by CBI Announcement Number 3498.

Dollar sales in the in the period January 1, 2017 to August 6, 2017 saw an increase of 0.13% compared to the sales of US $13.9 billion in the same period in 2016. The total amount of US currency sold by CBI in the calendar year 2016 was US $14.55 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to August 2017, sales of US dollars averaged US $1.72 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Year Month US dollar sales in billions Increase/(decrease) compared to the previous month
2016 January 2
2016 February 2.09 4%
2016 March 1.95 -7%
2016 April 1.94 -0%
2016 May 2.09 8%
2016 June 1.8 -14%
2016 December 0.4 -78%
2017 January 2.2 450%
2017 February 2 -9%
2017 March 2.1 5%
2017 April 1.8 -14%
2017 May 2.3 28%
2017 June 0.6 -74%
2017 July 2.2 267%
2017 August 0.3 -86%