Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on August 8 registered $159,867,000 in sales, a 0.05% volume increase from the US $159,787,739 sold by Iraqi Dinar, credit and transfer at the previous auction held on August 7.
The latest auction was attended by 38 banks and 10 remittance companies. 4 fewer volume of institutions attended the auction held on August 8 compared to the previous auction.
Data for the August 8 auction was made public by CBI Announcement Number 3500.
Dollar sales in the in the period January 1, 2017 to August 8, 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 $1.73 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.
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