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Central Bank of Iraq Auctions $159,003,492 on 09 October 2017

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Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on October 9 registered $159,003,492 in sales, a -0.25% volume decline from the US $159,409,405 sold by Iraqi Dinar, credit and transfer at the previous auction held on October 8.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on October 9 compared to the previous auction.

Data for the October 9 auction was made public by CBI Announcement Number 3544.

Dollar sales in the in the period January 1, 2017 to October 9, 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 October 2017, sales of US dollars averaged US $1.71 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 1 -52%
2017 October 0.5 -50%


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