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|