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Central Bank of Iraq Auctions $160,585,100 on 24 July 2017

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Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on July 24 registered $160,585,100 in sales, a -0.09% volume decline from the US $160,731,631 sold by Iraqi Dinar, credit and transfer at the previous auction held on July 23.

The latest auction was attended by 41 banks and 10 remittance companies. 3 more volume of institutions attended the auction held on July 24 compared to the previous auction.
Data for the July 24 auction was made public by CBI Announcement Number 3489.

Dollar sales in the in the period January 1, 2017 to July 24, 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 July 2017, sales of US dollars averaged US $1.78 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 1.6 167%


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