Latest Iraqi Dinar Revaluation News from Iraq Business News – including Foreign Exchange and Investment.
By John Lee. In the latest credit rating report by Standard & Poor's (S&P), Iraq has retained its credit rating at B- / B with a stable outlook. According to the statement from the Ministry of Finance, the report highlights Iraq's financial and economic stability. It continues: "This new rating reflects Iraq's continued economic and […]
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. Banks to Fuel the Market's Next Phase The market, as measured by the Rabee Securities RSISX USD Index, was up 16.3% for the month and up 65.5% […]
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. Iraqi dinar falls 17% against dollar amid US restrictions over Iran deals The current depreciation follows 14 Iraqi banks being barred from using the dollar amid a crackdown on […]
By John Lee. Dozens of people have reportedly protested in front of the offices of the Central Bank of Iraq (CBI) in Baghdad following a fall in value of the Iraqi Dinar (IQD) against the US dollar. Over the previous two days, the dollar is said to have risen from 1,470 dinars to 1,570 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. Market Takes a Breather, While the Currency Stabilises The market took a breather after a great three-month run from the January lows, during which it, as measured […]
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqis banned from dealing in US dollars The Iraqi Interior Ministry has banned people from dealing in US dollars in the latest move by authorities to control a fluctuating […]
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani (pictured), has said the he anticipates the exchange rate between the Iraqi dinar and the US dollar will stabilize at the official rate of 1,320 IQD. Speaking at the Iraq Forum for Stability and Prosperity in Baghdad last week, he also said that […]
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 […]
