Central Bank of Iraq Auctions $199,681,501 on 04 March 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on March 4 registered $199,681,501 in sales, a 1.43% volume increase from the US $196,868,397 sold by Iraqi Dinar, credit and transfer at the previous auction held on March 1.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on March 4 compared to the previous auction.

Data for the March 4 auction was made public by CBI Announcement Number 3647.

Dollar sales in the in the period January 1, 2018 to March 4, 2018 saw an increase of -1% compared to the sales of US $6.38 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 $1.77 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.