Central Bank of Iraq Auctions $157,523,465 on 17 December 2017
Iraqi Dinar.
Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on December 17 registered $157,523,465 in sales, a -6.99% volume decline from the US $169,364,577 sold by Iraqi Dinar, credit and transfer at the previous auction held on December 14.
The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on December 17 compared to the previous auction.
Data for the December 17 auction was made public by CBI Announcement Number 3592.
Dollar sales in the in the period January 1, 2017 to December 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 December 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.
| 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 | 2.2 | 267% |
| 2017 | August | 2.1 | -5% |
| 2017 | September | 1 | -52% |
| 2017 | October | 2.2 | 120% |
| 2017 | November | 1.9 | -14% |
| 2017 | December | 0.9 | -53% |