The Central Bank of Iraq (CBI) currency auction on May 2 registered $164,447,400 in sales, a -5.69% volume decline from the US $174,367,874 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 30.
The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on May 2 compared to the previous auction.
Data for the May 2 auction was made public by CBI Announcement Number 3690.
Dollar sales in the in the period January 1, 2018 to May 2, 2018 saw an increase of -1% compared to the sales of US $11.78 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 $1.91 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.