The Iraqi government's proposal to shrink public-sector payrolls and pension costs as part of efforts to reduce fiscal imbalances and ease financing strains could slow the depletion of foreign-exchange reserves, but will be tough to implement and risks aggravating social unrest, says Fitch Ratings. More here. (Source: Fitch)
Tag Archives | foreign exchange
Tags: dinar, Dinar Revaluation News, featured, fitch ratings, foreign exchange, forex, forex reserves, IQD, Iraq Budget News, mn, rv
Market Review: “Frenzies and Market Bottoms”
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market, as measured by the RSISUSD index, marked an important bottom in July as part of a likely bottoming process. The multi-month bank selling shifted […]
Tags: 2018 election, AFC Iraq Fund, Ahmed Tabaqchali, Asia Frontier Capital (AFC), Bank of Baghdad, dinar, featured, foreign exchange, index, IQD, stock market
"Steady Increase" in the Iraqi Dinar
By John Lee. There has been a steady increase in the market price of the Iraqi Dinar (IQD) versus the USD, according to an Iraq Business News Expert Blogger. In his market report for the month of June, Ahmed Tabaqchali said the premium over the official exchange rate has fallen to 1.2 percent, the lowest […]
Tags: Ahmed Tabaqchali, Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar Revaluation News, exch, featured, foreign exchange, forex, IQD, Iraqi Dinar News, re-denomination, re-valuation, Redenomination
Market Review: “Of Banks and Budget Surpluses”
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Activity in the economy at large, and the market in particular, came to a virtual standstill at the start of the month as it coincided […]
Tags: 2018 election, AFC Iraq Fund, Ahmed Tabaqchali, Asia Frontier Capital (AFC), dinar, Dinar Revaluation News, elections, featured, foreign exchange, forex, IQD, stock market
Iraq May Legislate on Currency Exchange
According to a report from AKnews, a number of bankers in Baghdad have demanded that the Iraqi parliament legislates to regulate and protect their businesses from market changes because of the sudden decisions taken by the Iraqi government. Ali Abdul-Zahra, owner of an foreign exchange bureau, told AKnews that banking in Iraq is still precarious […]