Posts Tagged ‘Iraqi Dinar’

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…

Punishing Iraq’s banks: a shake-up in the financial sector and expectations of dollar scarcity

Punishing Iraq’s banks: a shake-up in the financial sector and expectations of dollar scarcity

July 22, 2023

The decision of the US Treasury Department to impose new sanctions on 14 Iraqi banks, months after imposing similar sanctions on 4 important banks due to financial dealings with Iran and others related to money laundering operations, caused a rapid reaction inside Iraq, as it led to a decline in the value of the dinar against the dollar, along with the influx of depositors to the punished banks to withdraw their money Read more…

Iraqi banks and citizenship

Iraqi banks and citizenship

7-22-2023

Sami Jawad Kazem
Every citizen has responsibilities for the sake of his homeland and the love of the homeland from faith when you find your identity in it and the responsibility is represented in his actions at the various levels in which he is present. This is one aspect and another aspect in Iraq after the fall, dozens of private banks appeared and apart from how they were established, Read more…

The Iraqi dinar pays the bill for the confrontation between Washington and Tehran

The Iraqi dinar pays the bill for the confrontation between Washington and Tehran

7-22-2023

BAGHDAD – The crisis of the collapse of the Iraqi dinar’s exchange rate against the dollar has returned to the forefront, prompted by US sanctions against 14 Iraqi banks that Washington believes constitute a vital artery for the flow of hard currency to Iran, while the Iraqi government is powerless Read more…

Iraqi Dinar Guru opinions 7-21-2023

Iraqi Dinar Guru opinions 7-21-2023

7-21-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV saying the oil and gas law need to include the decision of the federal court. FRANK: There it is again. Notice that the HCL is the key to the budget. Notice that the budget is the key to the new exchange rate. It is also the key for Iraq to stop depending on other countries for energy… Read more…

Iraqi Dinar Guru opinions 7-20-2023

Iraqi Dinar Guru opinions 7-20-2023

7-20-2023 Newshound/Intel Guru BGG Personally, I think it would be the best thing in the world for the Dinar Investor if they did join some “Brics type” union APART from the US. They could even be a reserve currency (since their oil would be bought and sold in Dinar)… meaning the currency you hold would be vastly more valuable. Forget what the US thinks… Read more…

Iraqi Dinar/US Dollar auction results for today 7-20-2023

Iraqi Dinar/US Dollar auction results for today 7-20-2023

The results of the foreign currency sale window, Thursday 7/20/2023
Announcement No. (4927 ) Read more…

The Central Bank issues clarification regarding US sanctions against 14 Iraqi banks (document and names)

The Central Bank issues clarification regarding US sanctions against 14 Iraqi banks (document and names)

2023-07-20

Today, Thursday, July 20, 2023, the Central Bank of Iraq issued a clarification regarding depriving some Iraqi banks from dealing in dollars, after the sanctions imposed by the US Treasury Department on 14 Iraqi banks.

And the bank stated in a statement, that preventing Iraqi banks from dealing in dollars came against the background of checking bank transfers for the past Read more…

Iraqi Dinar Guru opinions 7-19-2023

Iraqi Dinar Guru opinions 7-19-2023

7-19-2023 Intel Guru Frank26 Iraq has the materials to build their economy/ monetary structure, to reform their financial structure…Not only to do it once but IMO 100 times over and still have leftover. They are so incredibly rich…It’s not a secret anymore. Everybody knows. The whole world is pouring into Iraq. That’s going to equal an explosion in their reforms. We’re only waiting for one thing. That’s why they’re getting ready for that new exchange rate to be released. Read more…