Tag Archives | Redenomination

Currency Auction Results, 6th Nov

By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Thursday. A total of $175,643,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 3rd Nov

By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Monday. A total of $205,334,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 30th Oct

By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Thursday. A total of $196,701,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 29th Oct

By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Wednesday. A total of $234,456,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 23rd Oct

By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Thursday. A total of $215,762,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 22nd Oct

By John Lee. The Central Bank of Iraq (CBI) has reported that 21 banks took part in its currency auction on Wednesday. A total of $267,318,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 16th Oct

By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Thursday. A total of $189,284,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Time to Bite the Bullet

If Iraq didn't face enough challenges already, the slump in the price of crude oil is another unwelcome development for the new Abadi government to deal with. At a current price of $81.78, the benchmark West Texas Intermediate (WTI) crude is down nearly 25 percent from its June high, driven in part by a strong […]