Baghdad: The Central Bank of Iraq (CBI) currency auction on May 8 registered $146,004,033 in sales, a 45.59% volume increase from the US $100,281,900 sold by Iraqi Dinar, credit and transfer at the previous auction.
The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on May 8 compared to the previous auction.
Data for the May 8 auction was made public by CBI Announcement Number 3694.
Dollar sales in the in the period January 1, 2018 to May 8, 2018 saw an increase of -1% compared to the sales of US $12.38 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 May 2018, sales of US dollars averaged US $1.82 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.
