Central Bank of Iraq Auctions $189,977,380 on 05 February 2018


The Central Bank of Iraq (CBI) currency auction on February 5 registered $189,977,380 in sales, a 2.70% volume increase from the US $184,979,766 sold by Iraqi Dinar, credit and transfer at the previous auction held on February 4.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on February 5 compared to the previous auction.

Data for the February 5 auction was made public by CBI Announcement Number 3628.

Dollar sales in the in the period January 1, 2018 to February 5, 2018 saw an increase of -1% compared to the sales of US $3.79 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 February 2018, sales of US dollars averaged US $1.76 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Source: Iraqi News

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