Tag Archives | Dinar Revaluation News

Latest Iraqi Dinar Revaluation News from Iraq Business News – including Foreign Exchange and Investment.

Currency Auction Results, 8th Oct

By John Lee. The Central Bank of Iraq (CBI) has reported that 21 banks and 6 remittance companies took part in its currency auction on Thursday. A total of $163,844,494 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 6th Oct

By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks and 12 remittance companies took part in its currency auction on Tuesday. A total of $183,935,819 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 5th Oct

By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 8 remittance companies took part in its currency auction on Monday. A total of $235,790,719 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 1st Oct

By John Lee. The Central Bank of Iraq (CBI) has reported that 26 banks and 9 remittance companies took part in its currency auction on Thursday. A total of $223,122,249 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 30th Sept

By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 16 remittance companies took part in its currency auction on Wednesday. A total of $264,748,636 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 22nd Sept

By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $207,554,813 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 21st Sept

By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 11 remittance companies took part in its currency auction on Monday. A total of $205,544,963 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Central Bank: "Limited Risk of Devaluation"

By John Lee. Bloomberg quotes Iraqi Central Bank Governor Ali Mohsen Ismail (pictured) as saying that Iraq has enough foreign reserves to maintain its currency peg, but didn’t rule out a minor devaluation to shore up government revenue hurt by the slump in oil prices and the war on Islamic State militants. He said reserves […]

Currency Auction Results, 31st Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks and 6 remittance companies took part in its currency auction on Tuesday. A total of $176,164,831 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)  

Currency Auction Results, 31st Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 7 remittance companies took part in its currency auction on Sunday. A total of $193,641,326 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Currency Auction Results, 27th Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 4 remittance companies took part in its currency auction on Thursday. A total of $156,610,848 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Time Running Out for the Dinar Peg

By John Lee. A foreign-exchange crunch cause by the drop in oil prices could force a devaluation of the Iraqi dinar, according to a report from Bloomberg. Data compiled by Bloomberg show that dollar reserves fell by approximately 20 percent to $59 billion as of July 23, while in the first 25 days of August […]