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Central Bank of Iraq Auctions $173,457,207 on 21 January 2018

Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on January 21 registered $173,457,207 in sales, a -6.71% volume decline from the US $185,938,296 sold by Iraqi Dinar, credit and transfer at the previous auction held on January 18.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on January 21 compared to the previous auction.

Data for the January 21 auction was made public by CBI Announcement Number 3617.

Dollar sales in the in the period January 1, 2018 to January 21, 2018 saw an increase of -1% compared to the sales of US $2 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to January 2018, sales of US dollars averaged US $1.82 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
2017January2.2
2017February2-9%
2017March2.15%
2017April1.8-14%
2017May2.328%
2017June0.6-74%
2017July2.2267%
2017August2.1-5%
2017September1-52%
2017October2.2120%
2017November1.9-14%
2017December1.90%
2018January1.3-32%



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