By Salam Zidane for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. Iran pushes Iraq to maintain trade without US dollar Iran is exerting considerable pressure on the Iraqi government to compel it not to abide by the US sanctions that have […]
Tag Archives | IQD
Iran, Iraq in Talks for Trade in Own Currencies
By Editor on 18th December 2018 in Iraq Banking & Finance News, Iraq Industry & Trade News, Politics, Security
The central banks of Iran and Iraq are finalizing negotiations to begin trade in their own currencies, chairman of Iran-Iraq Chamber of Commerce said. Speaking to Tasnim, Yahya Ale-Eshaq said negotiations between the central banks of Iran and Iraq are under way to reach an agreement on using rial and dinar in bilateral trade. Once […]
Convictions in $600m Dinar Fraud
The co-owners and chief operating officer of one of the largest Iraqi dinar exchangers in the United States were convicted last month by a federal jury following a five-week trial. Tyson Rhame, James Shaw, and Frank Bell were each convicted of mail and wire fraud conspiracy, as well as multiple counts of mail and wire […]
Tags: Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar fraud, Dinar Revaluation News, featured, fraud, IQD, Iraqi Dinar News, re-denomination, re-valuation, Redenomination, United States
Iraqi Dinar may replace US Dollar in Iran-Iraq Trade
Iranian ambassador to Baghdad said Iran and Iraq are weighing plans to eliminate US dollar in trade transactions and also lift visa requirements for citizens of the two countries. Speaking at a TV program on Saturday night, Iraj Masjedi said Tehran and Baghdad are considering plans to use Iraqi dinar for trade transactions or develop […]
Traders Arrested for selling Counterfeit Iraqi Dinars
Security forces have reportedly confiscated many USD and Euro bills and 88 million Iraqi Dinars (IQD) in counterfeit banknotes in Erbil province since the start of 2018. According to Kurdistan24, 100 suspects have been arrested for dealing and trading in counterfeit dinar. Full story here. (Source: Kurdistan24)
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
CBI Stops Dollar Sales, Foreign Currency Transfers to Kurdistan
By Editor on 4th October 2017 in Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Politics
By John Lee. The Central Bank of Iraq (CBI) announced on Tuesday that it will block foreign currency transfers to Iraqi Kurdistan, and stop selling dollars to four major Kurdish banks. The decision part of an effort to put pressure on Iraqi Kurdistan after its population voted overwhelmingly in favour of breaking away from Iraq […]
Tags: Central Bank of Iraq (CBI), dinar, featured, forex, IQD, Kurdish Independence, Kurdistan News, referendum
Central Bank to Tackle Hoarding of Iraqi Dinars
By John Lee. The Central Bank of Iraq (CBI) has held symposium entitled “Analysis of the phenomenon of Hoarding in Iraq“, addressing the problem of people hoarding Iraqi dinars (IQD), and not making them available to the banking system. During the seminar, the Governor of the Central Bank, Dr. Ali Mohsen Ismail (pictured), pointed out […]
Tags: cash hoarding, Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar Revaluation News, featured, IQD, Iraqi Dinar News, re-denomination, re-valuation, Redenomination
Sharp Recovery in Non-Oil GDP Predicted
By John Lee. The International Monetary Fund (IMF) has predicted average growth of 3.1 percent annually in Iraq’s non-oil real GDP until the end of 2022. This compares to an average fall of 7.2 percent per annum from 2014 to 2016, following the insurgency by the Islamic State group (IS, ISIS, ISIL, Daesh). It also […]
Tags: caliphate, Daesh, dinar, Dinar Exchange Rate News, Dinar Revaluation News, featured, gdp, Growth, International Monetary Fund (IMF), IQD, Iraqi Dinar News, ISIL, ISIS, Islamic State, re-denomination, re-valuation, Redenomination, terrorism
Iran Proposes Visa-Free Regime with Iraq, Trade in Own Currencies
Iran’s first vice-president put forward a proposal to lift visa requirements for the Iranian and Iraqi travelers, and also called for trade exchanges between the two countries using their own currencies, namely rial and dinar. Addressing a meeting of high-ranking delegations from Iran and Iraq, attended by the visiting Iraqi Prime Minister Haider al-Abadi and […]