Tag Archives | Redenomination

Central Bank Rejects Redenomination of Dinar

By John Lee. The parliamentary economic and investment commission has reportedly said that the Central Bank of Iraq (CBI) is not able to redenominate the Iraqi dinar, deleting the three zeros. According to a report from Shafaq News, this is “due to the unstable economic situation.” Instead, new banknotes worth 50,000 dinars are to be […]

Currency Auction Results, 7th May

By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks and 1 remittance company took part in its currency auction on Thursday. A total of $151,500,131 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 27th Apr

By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Monday. A total of $142,515,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

APRIL FOOL: How to Make Millions Selling Iraqi Dinars

The great Iraqi dinar scam, in which con artists peddle the false hope of a massive revaluation of the Iraqi dinar, seems to be finally dying out. That makes the time right for one of the architects of the scheme to make some more money, this time writing a book about her road to riches. […]

Will the CBI Try Dinar QE?

By Mark DeWeaver. This year the Ministry of Finance (MoF) is set to sell IQD 11 trillion in new debt to the state sector banks, thereby partially filling the hole in the central government budget left by the recent collapse in oil prices. The new issuance should bring total treasury bills outstanding to IQD 18 […]

Currency Auction Results, 19th Feb

By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks took part in its currency auction on Thursday. A total of $85,993,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 18th Feb

By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks took part in its currency auction on Wednesday. A total of $78,426,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 17th Feb

By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks took part in its currency auction on Tuesday. A total of $79,650,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)