Central Bank of Iraq Auctions $154,602,500 on 07 September 2017
Iraqi Dinars – File Photo
Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on September 7 registered $154,602,500 in sales, a -4.86% volume decline from the US $162,500,255 sold by Iraqi Dinar, credit and transfer at the previous auction held on September 6.
The latest auction was attended by 42 banks and 10 remittance companies. 3 more institutions attended the auction held on September 7 compared to the previous auction.
Data for the September 7 auction was made public by CBI Announcement Number 3522.
Dollar sales in the in the period January 1, 2017 to September 7, 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 September 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.
| 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 | 2.1 | -5% |
| 2017 | September | 0.1 | -95% |