Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) 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 held on May 7.

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.

Year Month US dollar sales in billions Increase/(decrease) compared to the previous month
2017 January 2.2
2017 February 2 -9%
2017 March 2.1 5%
2017 April 1.8 -14%
2017 May 2.3 28%
2017 June 0.6 -74%
2017 July 2.2 267%
2017 August 2.1 -5%
2017 September 1 -52%
2017 October 2.2 120%
2017 November 1.9 -14%
2017 December 1.9 0%
2018 January 2.2 16%
2018 February 2 -9%
2018 March 1.9 -5%
2018 April 2.1 11%
2018 May 0.4 -81%

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Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on May 7 registered $100,281,900 in sales, a -31.30% volume decline from the US $145,980,618 sold by Iraqi Dinar, credit and transfer at the previous auction held on May 6.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on May 7 compared to the previous auction.

Data for the May 7 auction was made public by CBI Announcement Number 3693.

Dollar sales in the in the period January 1, 2018 to May 7, 2018 saw an increase of -1% compared to the sales of US $12.23 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 $1.81 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Year Month US dollar sales in billions Increase/(decrease) compared to the previous month
2017 January 2.2
2017 February 2 -9%
2017 March 2.1 5%
2017 April 1.8 -14%
2017 May 2.3 28%
2017 June 0.6 -74%
2017 July 2.2 267%
2017 August 2.1 -5%
2017 September 1 -52%
2017 October 2.2 120%
2017 November 1.9 -14%
2017 December 1.9 0%
2018 January 2.2 16%
2018 February 2 -9%
2018 March 1.9 -5%
2018 April 2.1 11%
2018 May 0.3 -86%

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Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on May 6 registered $145,980,618 in sales, a -15.25% volume decline from the US $172,241,200 sold by Iraqi Dinar, credit and transfer at the previous auction held on May 3.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on May 6 compared to the previous auction.

Data for the May 6 auction was made public by CBI Announcement Number 3692.

Dollar sales in the in the period January 1, 2018 to May 6, 2018 saw an increase of -1% compared to the sales of US $12.1 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 $1.81 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Year Month US dollar sales in billions Increase/(decrease) compared to the previous month
2017 January 2.2
2017 February 2 -9%
2017 March 2.1 5%
2017 April 1.8 -14%
2017 May 2.3 28%
2017 June 0.6 -74%
2017 July 2.2 267%
2017 August 2.1 -5%
2017 September 1 -52%
2017 October 2.2 120%
2017 November 1.9 -14%
2017 December 1.9 0%
2018 January 2.2 16%
2018 February 2 -9%
2018 March 1.9 -5%
2018 April 2.1 11%
2018 May 0.2 -90%

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Iraq’s oil output is expected to reach five million barrels per day by end-2017 (Reuters)

Baghdad (IraqiNews.com) Iraq intends to sign a contract with British Petroleum for the development of oil fields at Kirkuk province, the oil ministry said on Friday.

Ministry spokesperson Assem Jihad was quoted by Alsumaria News saying that “Oil Minister Jabbar al-Luaibi will attend tomorrow, Saturday, a signature ceremony for the development of Kirkuk oil fields by the North Oil Company and BP”.

According to Jihad, “the purpose of that contract is the development of Kirkuk province fields and laying down the required plans to boost their productivity”.

He explained that the British company will conduct required surveys and assessments of the technical issues with the province’s oil fields, pipelines and wells.

Iraq exported 100 million barrels of oil in April, a daily rate of 3.3 million barrels, the ministry had declared. Those yielded revenues worth USD6.474 billion, according to the ministry.

Production from Kirkuk province halted in October following a crisis between the Iraqi government and the Kurdistan Region authorities after the region voted for independence from Iraq in September, a step Baghdad deemed unconstitutional. Iraqi forces took over the province’s oil facilities in October as a response.

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Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on May 3 registered $172,241,200 in sales, a 4.74% volume increase from the US $164,447,400 sold by Iraqi Dinar, credit and transfer at the previous auction held on May 2.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on May 3 compared to the previous auction.

Data for the May 3 auction was made public by CBI Announcement Number 3691.

Dollar sales in the in the period January 1, 2018 to May 3, 2018 saw an increase of -1% compared to the sales of US $11.94 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 $1.8 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Year Month US dollar sales in billions Increase/(decrease) compared to the previous month
2017 January 2.2
2017 February 2 -9%
2017 March 2.1 5%
2017 April 1.8 -14%
2017 May 2.3 28%
2017 June 0.6 -74%
2017 July 2.2 267%
2017 August 2.1 -5%
2017 September 1 -52%
2017 October 2.2 120%
2017 November 1.9 -14%
2017 December 1.9 0%
2018 January 2.2 16%
2018 February 2 -9%
2018 March 1.9 -5%
2018 April 2.1 11%
2018 May 0.1 -95%

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Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) 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.

Year Month US dollar sales in billions Increase/(decrease) compared to the previous month
2017 January 2.2
2017 February 2 -9%
2017 March 2.1 5%
2017 April 1.8 -14%
2017 May 2.3 28%
2017 June 0.6 -74%
2017 July 2.2 267%
2017 August 2.1 -5%
2017 September 1 -52%
2017 October 2.2 120%
2017 November 1.9 -14%
2017 December 1.9 0%
2018 January 2.2 16%
2018 February 2 -9%
2018 March 1.9 -5%
2018 April 2.1 11%

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Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on April 30 registered $174,367,874 in sales, a -17.35% volume decline from the US $210,966,911 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 29.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on April 30 compared to the previous auction.

Data for the April 30 auction was made public by CBI Announcement Number 3689.

Dollar sales in the in the period January 1, 2018 to April 30, 2018 saw an increase of -1% compared to the sales of US $11.64 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 April 2018, sales of US dollars averaged US $1.9 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Year Month US dollar sales in billions Increase/(decrease) compared to the previous month
2017 January 2.2
2017 February 2 -9%
2017 March 2.1 5%
2017 April 1.8 -14%
2017 May 2.3 28%
2017 June 0.6 -74%
2017 July 2.2 267%
2017 August 2.1 -5%
2017 September 1 -52%
2017 October 2.2 120%
2017 November 1.9 -14%
2017 December 1.9 0%
2018 January 2.2 16%
2018 February 2 -9%
2018 March 1.9 -5%
2018 April 2 5%

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Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on April 29 registered $210,966,911 in sales, a 6.84% volume increase from the US $197,457,640 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 26.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on April 29 compared to the previous auction.

Data for the April 29 auction was made public by CBI Announcement Number 3687.

Dollar sales in the in the period January 1, 2018 to April 29, 2018 saw an increase of -1% compared to the sales of US $11.5 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 April 2018, sales of US dollars averaged US $1.89 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Year Month US dollar sales in billions Increase/(decrease) compared to the previous month
2017 January 2.2
2017 February 2 -9%
2017 March 2.1 5%
2017 April 1.8 -14%
2017 May 2.3 28%
2017 June 0.6 -74%
2017 July 2.2 267%
2017 August 2.1 -5%
2017 September 1 -52%
2017 October 2.2 120%
2017 November 1.9 -14%
2017 December 1.9 0%
2018 January 2.2 16%
2018 February 2 -9%
2018 March 1.9 -5%
2018 April 1.9 0%

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Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on April 26 registered $197,457,640 in sales, a 21.58% volume increase from the US $162,405,813 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 25.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on April 26 compared to the previous auction.

Data for the April 26 auction was made public by CBI Announcement Number 3686.

Dollar sales in the in the period January 1, 2018 to April 26, 2018 saw an increase of -1% compared to the sales of US $11.36 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 April 2018, sales of US dollars averaged US $1.89 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Year Month US dollar sales in billions Increase/(decrease) compared to the previous month
2017 January 2.2
2017 February 2 -9%
2017 March 2.1 5%
2017 April 1.8 -14%
2017 May 2.3 28%
2017 June 0.6 -74%
2017 July 2.2 267%
2017 August 2.1 -5%
2017 September 1 -52%
2017 October 2.2 120%
2017 November 1.9 -14%
2017 December 1.9 0%
2018 January 2.2 16%
2018 February 2 -9%
2018 March 1.9 -5%
2018 April 1.8 -5%

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Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on April 25 registered $162,405,813 in sales, a -5.05% volume decline from the US $171,046,500 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 24.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on April 25 compared to the previous auction.

Data for the April 25 auction was made public by CBI Announcement Number 3685.

Dollar sales in the in the period January 1, 2018 to April 25, 2018 saw an increase of -1% compared to the sales of US $11.21 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 April 2018, sales of US dollars averaged US $1.88 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

Year Month US dollar sales in billions Increase/(decrease) compared to the previous month
2017 January 2.2
2017 February 2 -9%
2017 March 2.1 5%
2017 April 1.8 -14%
2017 May 2.3 28%
2017 June 0.6 -74%
2017 July 2.2 267%
2017 August 2.1 -5%
2017 September 1 -52%
2017 October 2.2 120%
2017 November 1.9 -14%
2017 December 1.9 0%
2018 January 2.2 16%
2018 February 2 -9%
2018 March 1.9 -5%
2018 April 1.7 -11%

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