Tag Archives | Iraqi Dinar News

Latest Iraqi Dinar News and Iraq currency news including foreign exchange, investment and finance.

Poll: ISIS and the Dinar Traders

Following the insurgency by ISIS/ISIL, and the declaration of a 'caliphate' to be known as the Islamic State (IS), we have seen an increase in enquiries to Iraq Business News regarding the future of the country's currency, the Iraqi dinar (IQD). These enquiries typically come from people who have been persuaded to speculate on the […]

CBI Currency Auction Results, 24th July

By John Lee. The Central Bank of Iraq (CBI) has reported that 9 banks took part in the first of its two currency auction on Thursday. A total of $110,683,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. In its second auction, 15 banks took part, buying a total of $185,890,000 […]

Dinar Fraud Trial Begins

By John Lee. Ohio based publication The Toledo Blade has reported the beginning of a new trial of three local men accused of intentionally deceiving investors with the now familiar refrain that the Iraqi dinar will dramatically revalue. The accused ran a firm BH Group along with two hedge funds, with one defendant allegedly lying about fighting in Iraq. […]

New Dinars Have Improved Anti-Forgery Features

By John Lee. Iraq is introducing new Iraqi Dinar notes with improved security features, such as guarantee ribbons and the internationally used SPARK feature. The Central Bank of Iraq treasury director Ihsan Shamran al-Yasseri announced the move, noting that this was a positive step forward that would help strengthen the currency. The new notes, to […]