CENTRAL BANK OF IRAQ AUCTIONS $137,164,993 ON 24 OCTOBER 2017

[Wiljor]

October 25, 2017 

The Central Bank of Iraq (CBI) currency auction on October 24 registered $137,164,993 in sales, a -1.00% volume decline from the US $138,551,645 sold by Iraqi Dinar, credit and transfer at the previous auction held on October 23.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on October 24 compared to the previous auction.

Data for the October 24 auction was made public by CBI Announcement Number 3555.

Dollar sales in the in the period January 1, 2017 to October 24, 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 $1.77 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	1.6	60%

 

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http://iraqdailyjournal.com/story-z16105664