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Central Bank of Iraq Auctions $168,646,903 on 14 September 2017

Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on September 14 registered $168,646,903 in sales, a 0.05% volume increase from the US $168,556,346 sold by Iraqi Dinar, credit and transfer at the previous auction held on September 13.

The latest auction was attended by 43 banks and 10 remittance companies. 1 more institutions attended the auction held on September 14 compared to the previous auction.

Data for the September 14 auction was made public by CBI Announcement Number 3527.

Dollar sales in the in the period January 1, 2017 to September 14, 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 $1.76 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%
2017September0.6-71%



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