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Central Bank of Iraq Auctions $163,796,400 on 17 September 2017

Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on September 17 registered $163,796,400 in sales, a -2.88% volume decline from the US $168,646,903 sold by Iraqi Dinar, credit and transfer at the previous auction held on September 14.

The latest auction was attended by 41 banks and 10 remittance companies. 2 fewer institutions attended the auction held on September 17 compared to the previous auction.

Data for the September 17 auction was made public by CBI Announcement Number 3528.

Dollar sales in the in the period January 1, 2017 to September 17, 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 $1.77 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

YearMonthUS dollar sales in billionsIncrease/(decrease) compared to the previous month
2016January2
2016February2.094%
2016March1.95-7%
2016April1.94-0%
2016May2.098%
2016June1.8-14%
2016December0.4-78%
2017January2.2450%
2017February2-9%
2017March2.15%
2017April1.8-14%
2017May2.328%
2017June0.6-74%
2017July2.2267%
2017August2.1-5%
2017September0.7-67%



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