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 […]
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 […]
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. […]
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% […]
By Suadad al-Salhy for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How Iraq caused a currency crisis by paying Iran in dinars Desperate to avoid power shortages, Kadhimi's government gave Iran billions of dinars. US sanctions however mean it […]
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 […]
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 […]
By Winthrop Rodgers, for Rest of World. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Why cash is still king in Iraq After decades of war, displacement, and sanctions, Iraq remains cut off from the global financial system. Click here to read the […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Will Iraq's central bank bring an end to the dinar crisis? The Iraqi dinar has since mid-December plummeted on the parallel market, trading for as low as 1,750 against the US […]
By John Lee. The Iraqi authorities have approved a revaluation of the Iraqi dinar. In a statement said on Tuesday, the Central Bank of Iraq (CBI) said that, starting on Wednesday, the exchange rates will be as follows: 1,300 dinars per dollar: the price of purchasing a dollar from the Ministry of Finance; 1,310 dinars […]
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: Market Begins to Discount Currency Upheavals The market, as measured by the Rabee Securities RSISX USD Index, was down 5.0% for January. F or […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Trilateral Biden-Abdullah-Sudani call reiterated support for Iraq The Iraqi prime minister also discussed Iraq's economic situation with the president as the dinar continues to slide against the dollar. Jordan's […]
