Latest Iraqi Dinar News and Iraq currency news including foreign exchange, investment and finance.
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Will Iraq's new government reconsider dinar exchange rate? A number of leaders of the Coordination Framework, the bloc leading the new Iraqi government, are pushing to increase the value […]
By John Lee. Iraqi Prime Minister has reportedly told a press conference that his government intends to increase the value of the Iraqi dinar (IQD) against the US dollar. Kurdistan24 quotes Mohammed Shia al-Sudani as saying that the interests of the needy were not taken into consideration when the currency was devalued by approximately 20 […]
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. Markets Discount and Look through Violent Clashes The market, as measured the Rabee Securities RSISX USD Index, was up 2.1% for the month, and up 1.2% for […]
By John Lee. The Central Bank of Iraq (CBI) has said that there is no justification for changing the exchange rate of the Iraqi dinar relative to the US dollar. CBI Deputy Governor, Ammar Khalaf, confirmed to the official Iraqi News Agency (INA) that, "in our belief as a monetary authority, there is no justification […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly announced an increase in its capital. State-owned Iraqi News Agency (INA) said that the capital will be increased from 3 trillion dinars (approximately $2 billion) to 5 trillion dinars. It quotes the media office of CBI as saying that the increase was made using […]
By John Lee. An Iraqi 100-dinar note has reportedly sold at auction in London for £29,760 ($39,161). The rare 1942 note features a portrait of King Faisal II as a child, and beat the estimate of £10,000 to £15,000. According to Coinworld, it was bought by "an advanced collector of Iraqi paper money and coins." […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why Iraq cannot afford a stronger dinar While Iraq's political elites remain in deadlock over government formation, the value of the Iraqi dinar has reemerged as a source of contention over which to […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Dinar debacle pits Iraq's finance minister against Sadrists Iraq's finance minister is caught in a worsening confrontation with the Sadrist Movement. The clash erupted after Shiite cleric and politician Muqtada Al-Sadr took to […]
By John Lee. An Iraqi economist has said that re-valuing the Iraqi Dinar could be considered if certain conditions were met. Dhurgham Mohamed Ali is quoted by Shafaq News as saying: "The exchange rate of the dollar should be gradually reduced to 1,300 dinars [from the current 1,460 dinars] while keeping an eye on the […]
By John Lee. Iraq's Deputy Prime Minister and Finance Minister has reportedly said that he supports a floating exchange rate for the Iraqi currency, the dinar. Shafaq quotes Ali Allawi (pictured) as telling a press conference on Thursday that the Central Bank of Iraq (CBI) intervenes occasionally to keep the dinar in the range of […]
By John Lee. Iraq's Parliamentary Finance Committee has reportedly warned the Central Bank of Iraq (CBI) of a possible collapse in the value of the Iraqi dinar (IQD) against the US dollar. Committee member Muhammad Al-Shabki told Shafaq News Agency that there are fears of the collapse of the Iraqi currency "in the coming period" […]
By John Lee. The Central Bank of Iraq (CBI) has confirmed its commitment to a stable foreign exchange rate for the Iraqi dinar. According to a statement from the bank, "the dollar exchange rate is fixed and there are no intentions to change." It added that the rate chosen at the end of 2020 was […]
