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Central Bank of Iraq sales of foreign currencies rise 8.4 million dollars


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Economy News _ Baghdad

The Central Bank of Iraq (CBI)'s foreign exchange sales rose to $ 128.44 million Tuesday from $ 120.09 million on Monday, an increase of $ 8.35 million, the central bank said in a statement.

The Central Bank said in a statement received by "Economy News", that the exchange rate amounted to 1182 dinars per dollar in the auction held with the participation of 42 banks, and 10 companies for financial transfer.

The bank said in its statement that the sales are the outcome of the auction scheduled for Wednesday, July 26.

The volume of funds sold to strengthen bank balances abroad was about $ 122.9 million, while the amount of cash sold was estimated at $ 5.54 million.

The Central Bank said in a statement that the sale of the amounts transferred to the accounts of banks abroad at a price of 1190 dinars per dollar, while the cash sale will be at the same price.

 
Views 80   Date Added 07/25/2017
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3 hours ago, Donziman said:

As contractor building supplies are needed to rebuild the cities the demand

for dollars will go thru the roof. If they get off the Mcp and use only dinar the same

market pressure will push up the value of dinar. imho

If they want to listen other people advice. If they ask Japan for advice, all the liberated area and Iraq future will be very bright. For example, Japan rise from loser in WW2 to one of economic power in short period with minimum of earth resourses. We also can see how Japan handle earthquake and Fukushima incident very fast. Well, if Baghdad want to listen to anyone advice....if......

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CENTRAL BANK OF IRAQ AUCTIONS $158,935,538 ON 25 JULY 2017
Iraq, July 26, 2017 

The Central Bank of Iraq (CBI) currency auction on July 25 registered $158,935,538 in sales, a -1.03% volume decline from the US $160,585,100 sold by Iraqi Dinar, credit and transfer at the previous auction held on July 24.

The latest auction was attended by 42 banks and 10 remittance companies. 1 more volume of institutions attended the auction held on July 25 compared to the previous auction.
Data for the July 25 auction was made public by CBI Announcement Number 3490.

Dollar sales in the in the period January 1, 2017 to July 25, 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 July 2017, sales of US dollars averaged US $1.78 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 1.7 183%

 

http://iraqdailyjournal.com/story-z15655232

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9 hours ago, Rockymtnhi said:

No slow down on the currency auctions. Dollar strong, dinar weak.  When will that change?

SOON.............IN THE COMING DAYS..........BETWEEN THE LAST RAMANDAN AND THE NEXT RAMANDAN.......OR A FUTURE NEXT ramanda......or possibly during the next WINDOW....MAYBE AFTER THE NEXT HOLIDAY........BUT, I GUESS soon as OKIE can get that  DAMN ..airplane LANDED........

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2 hours ago, Wiljor said:
 
CENTRAL BANK OF IRAQ AUCTIONS $158,935,538 ON 25 JULY 2017
Iraq, July 26, 2017 

The Central Bank of Iraq (CBI) currency auction on July 25 registered $158,935,538 in sales, a -1.03% volume decline from the US $160,585,100 sold by Iraqi Dinar, credit and transfer at the previous auction held on July 24.

The latest auction was attended by 42 banks and 10 remittance companies. 1 more volume of institutions attended the auction held on July 25 compared to the previous auction.
Data for the July 25 auction was made public by CBI Announcement Number 3490.

Dollar sales in the in the period January 1, 2017 to July 25, 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 July 2017, sales of US dollars averaged US $1.78 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 1.7 183%

 

http://iraqdailyjournal.com/story-z15655232

 

Who gives Iraq $2 Billion dollars a month to sell?  The US?  

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Central Bank of Iraq Auctions $164,594,000 on 27 July 2017

 

by b88ef8cc81a87701a1091493f3241fb4?s=40&d=Ibrahim Khalil Jul 27, 2017, 1:00 pm

 

 

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Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on July 27 registered $164,594,000 in sales, a 0.61% volume increase from the US $163,592,433 sold by Iraqi Dinar, credit and transfer at the previous auction held on July 26.

The latest auction was attended by 39 banks and 10 remittance companies. The same volume of institutions attended the auction held on July 27 compared to the previous auction.

Data for the July 27 auction was made public by CBI Announcement Number 3492.

Dollar sales in the in the period January 1, 2017 to July 27, 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 July 2017, sales of US dollars averaged US $1.8 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 1.9 217%
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On 7/26/2017 at 9:43 AM, Rockymtnhi said:

 

Who gives Iraq $2 Billion dollars a month to sell?  The US?  

Oil is bought with the Petrodollar

Definition: The petrodollar is any U.S. dollar paid to oil-exporting countries in exchange for oil. Since the dollar is a global currency, all international transactions are priced in dollars.

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