By John Lee. On Thursday, Iraq's Finance Committee, chaired by Atwan Al-Atwani, convened with its members and the Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, to discuss monetary policy, the banking system, and methods to increase the value of the Iraqi dinar. Al-Atwani stressed the importance of monitoring the economic file and […]
Tag Archives | Dinar Exchange Rate News
Iraq Business News brings you the latest Dinar Exchange Rate news – including news from the Central Bank of Iraq, Foreign Exchange and Investment Opportunities.
Why Investing in the Iraqi Dinar Is a Bad Idea
By Jon Neilsen, for CoinCodex. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why Investing in the Iraqi Dinar Is a Bad Idea Some people are buying the Iraqi Dinar (IQD), the national currency of Iraq, in the hopes of striking it rich. But […]
Iraq to insist that Local Transactions are in Dinars
By John Lee. Iraq will require that all transactions inside the country are made using the Iraqi dinar from 2024, and not the US dollar. Statement from the Central Bank of Iraq (CBI): In a significant development, the Central Bank of Iraq, under the leadership of Mr. Ali Mohsen Al-Alaq, has revealed its plan to […]
Tabaqchali: Banks to Fuel the Iraqi Market's Next Phase
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Banks to Fuel the Market's Next Phase The market, as measured by the Rabee Securities RSISX USD Index, was up 16.3% for the month and up 65.5% […]
Iraqis banned from dealing in US dollars
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqis banned from dealing in US dollars The Iraqi Interior Ministry has banned people from dealing in US dollars in the latest move by authorities to control a fluctuating […]
Iraqi PM Predicts Dinar Value
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani (pictured), has said the he anticipates the exchange rate between the Iraqi dinar and the US dollar will stabilize at the official rate of 1,320 IQD. Speaking at the Iraq Forum for Stability and Prosperity in Baghdad last week, he also said that […]
Iraqis Fly to Nearby Countries to Get Dollars
By David S Cloud, for the Wall Street Journal. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqis Fly to Nearby Countries to Get Dollars as U.S. Cracks Down on Money Laundering The cash-driven economy relies heavily on the greenback for transactions. Click here […]
Tag Ends of Currency Upheaval Sparks Market Rally
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Tag Ends of Currency Upheaval Sparks Market Rally The market, as measured by the Rabee Securities RSISX USD Index, was up 12.5% for the month, and up […]
Iraq Currency Smuggling: Reduced, but Not Eliminated
From The Jerusalem Post. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq currency smuggling: Reduced, but not eliminated While the flow of smuggled dollars out of Iraq has decreased, those seeking to bring cash into Iran have found workarounds to the new procedures. […]
Tabaqchali: Dinar Revalued Upwards, Market Shrugs
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Market Report: Dinar Revalued Upwards, Market Shrugs The market, as measured by the Rabee Securities RSISX USD Index, was up 24.9% in February, and up 18.8% […]
Iraq-China Trade to be settled in Yuan
By John Lee. The Central Bank of Iraq (CBI) said on Wednesday that it plans to allow trade from China to be settled directly in yuan, in a renewed attempt to stabilise the value of the Iraqi dinar. In a statement, it said foreign trade financing will be conducted through direct channels in China using […]
Halting the Iraqi Dinar's Volatility
By Ahmed Tabaqchali, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq needs to address the economy's structural imbalances to halt the dinar's volatility A planned implementation of global procedural requirements for cross-border payments by the Central Bank of […]