Central Bank of Iraq Auctions $137,196,863 on 29 October 2017
Central Bank of Iraq logo. File image.
Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on October 29 registered $137,196,863 in sales, a -1.52% volume decline from the US $139,321,000 sold by Iraqi Dinar, credit and transfer at the previous auction held on October 26.
The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on October 29 compared to the previous auction.
Data for the October 29 auction was made public by CBI Announcement Number 3558.
Dollar sales in the in the period January 1, 2017 to October 29, 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 October 2017, sales of US dollars averaged US $1.79 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 | 1.9 | 90% |