By John Lee. An Iraqi government white paper has warned of a possible collapse in the value of the Iraqi dinar. According to Farhad Alaaldin, writing for Rudaw, the recently-approved white paper refers on page 37 to the danger of using the Central Bank of Iraq (CBI) as a source of financing, saying that the […]
Tag Archives | IQD
Tags: Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar Revaluation News, featured, IQD, Iraqi Dinar News, mn, re-denomination, re-valuation, Redenomination, reforms, white paper
Serious Questions on the Appreciation of Iraqi Dinar
The Iraqi Economists Network (IEN) has just published a new report from our Expert Blogger Dr Amer K. Hirmis: Mudher M. Saleh’s testimony re: the appreciation of Iraqi Dinar in 2006-8, raises serious questions? The purpose of this note is to shed light, and comment, on two views expressed recently in relation to the appreciation […]
Tags: Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar Revaluation News, Dr Amer K. Hirmis, featured, inflation, International Monetary Fund (IMF), IQD, Iraqi Dinar News, Iraqi Economists Network (IEN), mn, monetary policy, re-denomination, re-valuation, Redenomination
Big Fines for Dinar Auction Fraud
By John Lee. Iraq's Commission of Integrity has revealed that it has concluded cases resulting in fines of more than 245 billion dinars ($206 million) on private banks, due to violations relating to customs licences and foreign currency auction instructions for 2012. The CoI mentioned that one of these corruption cases related to a private […]
Tags: Commission of Integrity, Corruption, currency, currency auctions, dinar, Dollar Auctions, featured, IQD, mn, money laundering
Iran pushes Iraq Trade without Dollars
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 […]
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 […]