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Central Bank of Iraq Auctions $199,335,352 on 14 March 2018

2018/03/14 | 14:05

(Iraq Now News)-

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on March 14 registered $199,335,352 in sales, a -1.18% volume decline from the US $201,715,251 sold by Iraqi Dinar, credit and transfer at the previous auction held on March 13.

The latest auction was attended by 45 banks and 9 remittance companies.

The same institutions attended the auction held on March 14 compared to the previous auction.

Data for the March 14 auction was made public by CBI Announcement Number 3655.

Dollar sales in the in the period January 1, 2018 to March 14, 2018 saw an increase of -1% compared to the sales of US $7.47 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 March 2018, sales of US dollars averaged US $1.83 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

2017

January

2.2

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

1.9

0%

2018

January

2.2

16%

2018

February

2

-9%

2018

March

0.9

-55%

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