The ISX operates Sunday to Thursday from 10:00 a.m. to 12:00 noon (Iraq time). Prices delayed by 15 minutes.
Pageviews Last Month:
271,118
Categorized | Banking & Finance, Industry & Trade
Iraqi Dinar Increases in Value
Posted on 24 January 2012.
Central Bank of Iraq announced that it revaluated the Iraqi Dinar by 3.4% relative to the US Dollar, according to a report from Al Sumaria.
“During the daily auction of foreign currencies’ exchange, the Central Bank raised the value of Iraqi dinar against the dollar by 3.4%, or four Dinars,” the deputy governor of the bank told the news agency.
“The nominal rate of the Dinar doesn’t coincide with its purchasing power or with its real exchange rate against the Dollar,” he reportedly added. “The current account of Iraq payments has a surplus of 5 to 8% of GDP.”
(Source: Al Sumaria)
- Investing in the Middle East and North Africa (MENA) Region: Fast Track Opportunities for Growth
- SIGIR Report, April 2012
- Development of, and Revenues from, Iraq’s Upstream Petroleum Sector
- Middle East, North Africa & Central Asia Economic Factbook 2012
- Iran-Iraq Trade Analysis: Existing Trade & Potential Opportunities
- Investor Guides to Anbar, Kirkuk, Baghdad
- Bespoke Market Intelligence from US Embassy
- Afren To Acquire 20% Interest In Ain Sifni Production Sharing Contract – The Agreement with KRG to Allow Afren’s Entry into Iraq – Deal Analysis From GlobalData
- Iraq Gas Markets, 2011
- Continued Business Risks Prompt Mellower Terms for the Upcoming Oil and Gas Auctions in Iraq
3 Responses to “Iraqi Dinar Increases in Value”
Trackbacks/Pingbacks
Leave a Reply
Follow our expert Bloggers
Agriculture AKE Anbar Baghdad Banking & Finance Basra Communications Construction & Engineering Corruption DNO Electricity Erbil Exxon ExxonMobil Gulf Keystone Housing Industry & Trade Investment Iran Iraq ISX Karbala Kirkuk KRG Kurdistan Kuwait Missan Mosul Norwegian Institute of International Affairs Oil Oil & Gas oil contracts oil exports oil production Ports Public Works Reidar Visser Security Shell tenders Transportation Turkey United Nations Water West Qurna
Stay up to date with IBN
- Subscribe to the RSS feed
Links
Do you foresee any more increases soon?
Idiots. It was .34% not 3.4%. Do I have to show you the math?
Note: Source: Al Sumaria
Maybe you haven’t noticed, but most of the news stories on this site are not written by IBN. Have you contacted Al Sumaria? It’s their story. I guess you could say the editor of this site should have added a note at the bottom pointing out the error.