CBI auctions $173 on May 20

 

INA – Baghdad

The Central Bank of Iraq (CBI) currency auction on May 20 registered $173,231,273 in sales, a decrease from the $ 150,486,500 of the previous auction held on May 17.

The latest auction was attended by 37 banks and 348 companies.

Data for the May 20 auction was made public by CBI Announcement Number 3701.

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.

Noting,

  • The Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
  • The Cash selling price is (1190) ID for each Dollar.

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