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Tag Archives | re-valuation

Convictions in $600m Dinar Fraud

By on 22nd November 2018 in Iraq Banking & Finance News, Security

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 […]

“Steady Increase” in the Iraqi Dinar

By on 6th July 2018 in Iraq Banking & Finance News

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 […]

Central Bank to Tackle Hoarding of Iraqi Dinars

By on 14th September 2017 in Iraq Banking & Finance News

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 […]

Sharp Recovery in Non-Oil GDP Predicted

By on 2nd August 2017 in Iraq Banking & Finance News, Politics

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 […]

Iran Proposes Visa-Free Regime with Iraq, Trade in Own Currencies

By on 21st June 2017 in Iraq Banking & Finance News, Iraq Industry & Trade News

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 […]

Currency Auction Results, 7th June

By on 7th June 2017 in Iraq Banking & Finance News

By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 10 remittance companies took part in its currency auction on Wednesday. A total of $152,560,881 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 6th June

By on 6th June 2017 in Iraq Banking & Finance News

By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 9 remittance companies took part in its currency auction on Tuesday. A total of $159,467,043 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 5th June

By on 5th June 2017 in Iraq Banking & Finance News

By John Lee. The Central Bank of Iraq (CBI) has reported that 36 banks and 10 remittance companies took part in its currency auction on Monday. A total of $157,268,429 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 25th May

By on 26th May 2017 in Iraq Banking & Finance News

By John Lee. The Central Bank of Iraq (CBI) has reported that 38 banks and 10 remittance companies took part in its currency auction on Thursday. A total of $158,102,404 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 24th May

By on 25th May 2017 in Iraq Banking & Finance News

By John Lee. The Central Bank of Iraq (CBI) has reported that 39 banks and 10 remittance companies took part in its currency auction on Wednesday. A total of $150,321,047 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 23rd May

By on 23rd May 2017 in Iraq Banking & Finance News

By John Lee. The Central Bank of Iraq (CBI) has reported that 40 banks and 10 remittance companies took part in its currency auction on Tuesday. A total of $154,598,421 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 18th May

By on 23rd May 2017 in Iraq Banking & Finance News

By John Lee. The Central Bank of Iraq (CBI) has reported that 38 banks and 10 remittance companies took part in its currency auction on Thursday. A total of $153,858,635 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)