Posts Tagged ‘Iraqi Dinar’

More than 126 trillion dinars.. The increase in the value of deposits in Iraqi commercial banks

More than 126 trillion dinars.. The increase in the value of deposits in Iraqi commercial banks

2023-07-30 02:21

Shafaq News/ The value of total deposits in Iraqi commercial banks increased to more than 126 billion dinars in May 2023, according to what was announced by the “Iraq Future” Foundation for Economic Studies and Consultations, today, Sunday.

The Foundation said in a report published today Read more…

Iraqi Dinar Guru opinions 7-29-2023

Iraqi Dinar Guru opinions 7-29-2023

7-29-2023 Newshound Guru Jeff Article: “Parliamentary finance sets the date for the entry into force of the budget provisions” They’re saying the budget will be implemented in the next few days. I will disagree with this article and say it can’t, because right now is not the correct period of time for the budget to be able or eligible to be implemented. More time is needed for the budget. The Article says next few days, I’m going to dispute it IMO say nope, nothing will happen this week or next week with the budget. Read more…

State of law: Owners of private banks have made us under American pressure and we refuse to interfere in our foreign relations

State of law: Owners of private banks have made us under American pressure and we refuse to interfere in our foreign relations

2023-07-29 09:49

Shafaq News/ Friday, the State of Law bloc held those it described as “people of weak souls” who control some private banks and companies responsible for the crisis of the dollar’s high prices, while it rejected in principle the American intervention in the file Read more…

Iraqi Dinar Guru opinions 7-28-2023

Iraqi Dinar Guru opinions 7-28-2023

7-28-2023 Intel Guru Frank26 The CBI is talking about the American dollar… Look, stop using it. If you stop using it you don’t have to worry about the exchange rate of the American dollar verse the Iraqi dinar…The value of the American dollar will drop like a meteor in the ocean. If you stop using the American dollars…the value of the dollar will go down and the value of the Iraqi dinar will go up. Read more…

Iraqi Dinar Guru opinions 7-27-2023

Iraqi Dinar Guru opinions 7-27-2023

7-27-2023 Newshound Guru Clare Article: “Alaq: the rise in the exchange rate “my time” and the project to delete zeros still exists” Quote: “The governor of the Central Bank, Ali Al-Alaq…the rise in the exchange rate of the dollar in the market was temporary, and while he indicated that there was no indication or indication from the American side to include new banks within the sanctions, he confirmed that the project to delete zeros from the currency still exists.” Read more…

Iraqi Dinar/US Dollar auction results for today 7-27-2023

Iraqi Dinar/US Dollar auction results for today 7-27-2023

The results of the foreign currency sale window, Thursday 7/27/2023
Announcement No. (4932 ) Read more…

Does the Central Bank of Iraq control transfers with the availability of hard currency?

Does the Central Bank of Iraq control transfers with the availability of hard currency?

7-27-2023

BAGHDAD – The Governor of the Central Bank of Iraq, Ali Al-Alaq, indicated that there is no currency problem in Iraq, and that Iraq’s reserves of foreign currency amount to more than 113 billion dollars, in response to the protest of dozens of Iraqis in front of the bank’s headquarters against the continuing rise Read more…

Iraqi Dinar Guru opinions 7-26-2023

Iraqi Dinar Guru opinions 7-26-2023

7-26-2023 Intel Guru Frank26 Article: “Economic warning of Iraq’s return to Chapter VII” A RETURN TO CHAPTER VII IS THE CONSEQUENCE OF NOT HAVING A NEW EXCHANGE RATE! Read more…

Iraqi Dinar/US Dollar auction results for today 7-26-2023

Iraqi Dinar/US Dollar auction results for today 7-26-2023

The results of the foreign currency sale window, Wednesday, 7/26/2023
Announcement No. (4931 ) Read more…

An Iraqi government bank decides to refuse the US dollar to collect insurance

An Iraqi government bank decides to refuse the US dollar to collect insurance

2023-07-26 23:47

Shafaq News/ The government “Al-Rafidain” Bank announced, on Wednesday, that all cash insurances have been collected in the Iraqi dinar currency exclusively for internal credits, bank guarantees and letters of guarantee issued to the benefit of Read more…

The dollar passes 155,000 amid protests in front of the Central Bank of Iraq

The dollar passes 155,000 amid protests in front of the Central Bank of Iraq

2023-07-26 01:21

Shafaq News/ The exchange rates of the US dollar against the Iraqi dinar rose today, Wednesday, in the markets of Baghdad, and in Erbil, the capital of Kurdistan Region, to reach more than 155,000 dinars.

Shafaq News agency reporter said that the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded, at 11 am, an exchange rate Read more…

Iraqi Dinar Guru opinions 7-25-2023

Iraqi Dinar Guru opinions 7-25-2023

7-25-2023 Newshound/Intel Guru Mnt Goat On Thursday, the Central Bank of Iraq issued instructions to all licensed banks and non-bank financial institutions not to deal in dollars with 14 of the Iraqi banks. I can see that if these illegal dollar cash transactions continue the CBI will close down these banks. It’s coming and this will help tremendously in bringing down and keeping down the value of the dollar against the dinar. This may be the last step in the banking sector that needs to be addressed. The diversification of banking practices to make profits with products outside of currency exchange spreads, will come naturally once the free market economy kicks in. The 3 year budget is now open and the money is being dispersed to the districts for projects. Read more…

Iraqi Dinar/US Dollar auction results for today 7-25-2023

Iraqi Dinar/US Dollar auction results for today 7-25-2023

The results of the foreign currency sale window, Tuesday, 7/25/2023
Announcement No. (4930 ) Read more…

Iraqi Dinar Guru opinions 7-24-2023

Iraqi Dinar Guru opinions 7-24-2023

7-24-2023 Newshound Guru Samson Article: “Baghdad The exchange rates of the dollar against the dinar rose to unprecedented levels for months…” The dollar is “losing its mind” and is accelerating upward. Customers of “banned banks” flock to the parallel market… Read more…

Iraqi Dinar/US Dollar auction results for today 7-24-2023

Iraqi Dinar/US Dollar auction results for today 7-24-2023

The results of the foreign currency sale window, Monday, 7/24/2023
Announcement No. (4929 ) Read more…

Iraq: a broad governmental and parliamentary movement to confront the decline in the value of the dinar

Iraq: a broad governmental and parliamentary movement to confront the decline in the value of the dinar

July 24, 2023

For the fourth day in a row, the Iraqi dinar continues to decline against the dollar in currency market trading, after US sanctions against 14 private banks, due to violations related to their dealings with entities imposed by Washington, most notably Tehran, while the Iraqi government and parliament are moving to Read more…

A human rights center warns of “great risks” due to the depreciation of the Iraqi dinar

A human rights center warns of “great risks” due to the depreciation of the Iraqi dinar

2023-07-24 00:28

Shafaq News/ The Strategic Center for Human Rights in Iraq warned, on Monday, of “great risks” due to the rapid depreciation of the Iraqi dinar against the dollar.

“This matter portends an increase in the number of the poor and the unemployed, an increase in the prices of food and consumer goods, and its direct impact on Read more…

Iraqi Dinar Guru opinions 7-23-2023

Iraqi Dinar Guru opinions 7-23-2023

7-23-2023 Intel Guru Frank26 Back in October of last year I said there would be IMO possibly 3 rate changes. I don’t know what they’re doing but they’re pairing the Iraqi dinar with many currencies around the world and that pairing is bringing the Iraqi dinar on an international stage, not fully accepted yet, but greatly appreciated… Read more…

Iraqi Dinar/US Dollar auction results for today 7-23-2023

Iraqi Dinar/US Dollar auction results for today 7-23-2023

The results of the foreign currency sale window, Sunday, 7/23/2023
Announcement No. (4928 ) Read more…

Iraqi Dinar Guru opinions 7-22-2023

Iraqi Dinar Guru opinions 7-22-2023

7-22-2023 Intel Guru Frank26 Article Quote: “The parallel price means the exchange rate of the dollar in the market…and not the official rate set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.” What…when? They don’t have to tell you when. They don’t have to tell you
nothing. But all of a sudden…this exchange rate comes out of nowhere like Godzilla coming out of the ocean and surprising with a big roar, ‘Our official exchange rate is 1132.’ No it’s not. You’ve been telling everybody it’s 1320…If you remember, I told you I was hoping they would get this down to 1100 or to around 1000. In that way we can just drop the zeros and we’re at 1 to 1. Read more…