Stability of the exchange rate of the Iraqi dinar and some currencies at closing

[yota691]

The dollar exchange rate in Iraq on Sunday

 

Market Economy News _ Baghdad The exchange rate of the dollar, Sunday, stabilized against the dinar on the Iraqi stock exchange. The price of selling the dollar on the Kifah Exchange today was 120 thousand and 500 dinars and the purchase price was 121 thousand and 500 dinars to 100 dollars.  On the Basra Stock Exchange, the selling price today reached 120 thousand and 500 dinars, and the purchase price is 121 thousand and 500 dinars compared to 100 dollars.  While the price of selling the dollar on the Arbil Stock Exchange today 120 thousand and 500 dinars, and the purchase price 121 thousand and 500 dinars to 100 dollars. Views 16   Date Added 16/09/2018

[Retiredofficer]

57 minutes ago, yota691 said:

The dollar exchange rate in Iraq on Sunday

 

Market Economy News _ Baghdad The exchange rate of the dollar, Sunday, stabilized against the dinar on the Iraqi stock exchange. The price of selling the dollar on the Kifah Exchange today was 120 thousand and 500 dinars and the purchase price was 121 thousand and 500 dinars to 100 dollars.  On the Basra Stock Exchange, the selling price today reached 120 thousand and 500 dinars, and the purchase price is 121 thousand and 500 dinars compared to 100 dollars.  While the price of selling the dollar on the Arbil Stock Exchange today 120 thousand and 500 dinars, and the purchase price 121 thousand and 500 dinars to 100 dollars. Views 16   Date Added 16/09/2018

Ain’t no Fat Lady going to take the stage and sing if she is being paid in Iraq Dinars.  She’d have to hire 2-3 extra Uber  drivers just to carry her payment.  She’d loose money on the deal. 

Edited September 16, 2018 by Retiredofficer

[ChuckFinley]

Even Elvis would not show. 

[Butifldrm]

 

2018/09/18 08:40

• Number of readings 118
• Section: Iraq
•  

The Central Bank reveals the number of private banks operating in Iraq

 

Baghdad / obelisk: The Central Bank of Iraq, Tuesday, September 18, 2018, the number of private banks operating in Iraq.

"When I assumed responsibility, I found that the number of private banks, transfer and exchange companies exceeded the need of the market. We did not grant any new license to open a commercial bank or a banking license. We also canceled the transfer companies, Intention to restructure the banking companies, which leads to greater control over them and there is a plan to merge some banks. "

"But we have given us licenses to open a number of Islamic banks based on the facilities provided by its law, as the Council of Representatives put forward a paragraph that helps to establish it, reducing the required capital at the time of incorporation."

"There are currently 70 working banks in the country, 20 of which are branches of foreign banks, but most of them are newly formed, so it did not reach the level of ambition, and these banks worked under exceptional circumstances experienced by the country."

"As you know, the main task of banks is to provide credit through the granting of loans and other services, in return, take the funds of depositors and give them a percentage of interest, but Iraqi banks in general have a great difficulty in doing this Activity. When a loan is granted, the borrower often does not meet its repayment despite the high collateral given by the banks and the high interest rate, as borrowers may be up to 20 percent. "

"The problem is that the bank, when it starts its actions against the borrower, such as the seizure of the property, for example, faces a significant delay in legal proceedings by other parties, in addition to threats of tribal or partisan, and this makes banks afraid to grant loans."

Follow the obelisk

http://almasalah.com/ar/news/150573/البنك-المركزي-يكشف-عن-عدد-المصارف-الأهلية-العاملة-في-العراق

[yota691]

Central Bank: 70 banks in Iraq and a plan to integrate them

Editorial date: 2018/9/18 8:32 • 373 times read

{Baghdad: Al Furat News} The Central Bank of Iraq, the number of private banks operating in Iraq.

"When I assumed responsibility, I found that the number of private banks, transfer and exchange companies exceeded the need of the market. We did not grant any new license to open a commercial bank or a banking license. We also canceled the transfer companies, Intention to restructure the banking companies, which leads to greater control over them and there is a plan to merge some banks. " 
"But we have given us licenses to open a number of Islamic banks based on the facilities provided by its law, as the Council of Representatives put forward a paragraph that helps to establish it, reducing the required capital at the time of incorporation." 
"There are currently 70 working banks in the country, 20 of which are branches of foreign banks, but most of them are newly formed, so it did not reach the level of ambition, and these banks worked under exceptional circumstances experienced by the country."
"As you know, the main task of banks is to provide credit through the granting of loans and other services, in return, take the funds of depositors and give them a percentage of interest, but Iraqi banks in general have a great difficulty in doing this Activity. When a loan is granted, the borrower often does not meet its repayment despite the high collateral given by the banks and the high interest rate, as borrowers may be up to 20 percent. " 
"The problem is that the bank, when it starts its actions against the borrower, such as the seizure of the property, for example, faces a significant delay in legal proceedings by other parties, in addition to threats of tribal or partisan, and this makes banks afraid to grant loans."

[Butifldrm]

The Central Bank of Iraq announced its intention to restructure banking companies and merge some banks. 

Baghdad Post Thursday, 20 September 2018 01:46 PM
"There are 70 banks operating in the country, 20 of which are branches of foreign banks, did not reach the level of ambition because most of them are newly formed, and worked in exceptional circumstances passed by the country," said the governor of the Central Bank Ali al-Alaq in a press statement. 

He added: "The number of private banks and transfer and exchange companies was greater than the need of the market, and did not give any new license to open a commercial bank or leave to a banking company, and we have canceled the transfer companies financial, in the presence of an intention to restructure banking companies leading to greater control And there is a plan to merge some banks. "

But he added: "We have been given licenses to open a number of Islamic banks, based on the facilities provided by its law, as the House of Representatives put a paragraph to help establish the reduction of capital required at the establishment."

 

V

https://www.thebaghdadpost.com/ar/Story/121586/المركزي-يخطط-لاعادة-هيكلة-شركات-الصيرفة-ودمج-بعض-المصارف

[dinareffic]

Central Bank: 70 banks in Iraq and a plan to integrate them

 

 

Editorial date: 2018/9/18 8:32 • 373 times read

{Baghdad: Al Furat News} The Central Bank of Iraq, the number of private banks operating in Iraq.

"When I assumed responsibility, I found that the number of private banks, transfer and exchange companies exceeded the need of the market. We did not grant any new license to open a commercial bank or a banking license. We also canceled the transfer companies, Intention to restructure the banking companies, which leads to greater control over them and there is a plan to merge some banks. " 
"But we have given us licenses to open a number of Islamic banks based on the facilities provided by its law, as the Council of Representatives put forward a paragraph that helps to establish it, reducing the required capital at the time of incorporation." 
"There are currently 70 working banks in the country, 20 of which are branches of foreign banks, but most of them are newly formed, so it did not reach the level of ambition, and these banks worked under exceptional circumstances experienced by the country."
"As you know, the main task of banks is to provide credit through the granting of loans and other services, in return, take the funds of depositors and give them a percentage of interest, but Iraqi banks in general have a great difficulty in doing this Activity. When a loan is granted, the borrower often does not meet its repayment despite the high collateral given by the banks and the high interest rate, as borrowers may be up to 20 percent. " 
"The problem is that the bank, when it starts its actions against the borrower, such as the seizure of the property, for example, faces a significant delay in legal proceedings by other parties, in addition to threats of tribal or partisan, and this makes banks afraid to grant loans."

http://alforatnews.com/modules/news/article.php?storytopic=37&storyid=174865

[bigwave]

"high interest rate, as borrowers may be up to 20 percent."

 

Sounds like good ol' Jimmy C is running the banks.

[3n1]

50 minutes ago, dinareffic said:

When a loan is granted, the borrower often does not meet its repayment despite the high collateral given by the banks and the high interest rate, as borrowers may be up to 20 percent. " 

 

without jobs the banks gonna get defaults left and right ..... unless the market economy fixing to begin ,, heres hoping

[Laid Back]

I think there is of financial 11% inclusion in Iraq..... The average joe don’t trust the banks. And banks don’t trust them😀

[yota691]

The stability of the dollar today in Baghdad

 

Economy News _ Baghdad Foreign exchange markets in Baghdad, on Friday morning, stabilized at the exchange rate of the US dollar against the Iraqi dinar.  The market price in the Baghdad Stock Exchange 1206.5 dinars to the dollar, or 120 thousand and 650 dinars per hundred dollars.  The prices of selling and buying dollars in banking companies were:  the selling price of one dollar 1210 dinars, or 121 thousand dinars for one hundred dollars.  The purchase price of the dollar is 1200 dinars, or 120 thousand dinars for one hundred dollars.  Foreign exchange rates, gold and oil:  Euro Global Price: 100 EUR = 117.83 USD  GBP Global Price: 100 pounds = 132.52 dollars  Turkish Lira world price: $ 100 = 636.27 TL the  price of an ounce of gold globally = 1209.60 dollar  price of a barrel of crude oil Brent = 79.05 dollars The price of a barrel of US crude oil = $ 70.37. Views 4   Date Added 09/21/2018

[Butifldrm]

Iraqi dinar oil ... JD Ndab or renewed?

9/21/2018 11:46:05 AM

 

11371 views

Nabil Mersoumi

 

+ -

 

The Iraqi government receives its oil revenues in dollars and converts it into the dinar printed in the Central Bank of Iraq (regardless of where it is printed) at a roughly fixed rate. And on this basis consist of the cash reserves of the Central Bank of Iraq, that these reserves are mainly oil. And oil revenues are the control of the foreign currency reserves of the Central Bank of Iraq, and when the oil revenues are low not more than $ 17.7 billion in 2004 did not increase the reserves of the Central Bank of 9.4 billion dollars that year and when those revenues rose to 94.4 billion In 2012, the central bank's cash reserves rose to 66.5 billion dollars, and when revenues decreased in 2017 to 50 billion dollars, reserves dropped to 45 billion dollars. Thanks to the cash reserve of the Central Bank of Iraq, which is funded primarily from oil money, the bank, as long as it has large reserves, can set a fixed rate of dinar against the dollar and other foreign currencies and defend it through the window of selling the foreign currency because the current dinar is more than its real value but the bank can not defend There is no end to this subsidized price. The decisive factor that is ultimately controlled is the volume of the oil revenues. If these revenues have been cut off or decreased significantly for a relatively long period, or if the oil runs out, the central bank will drain the reserve. The Iraqi dinar is in the end a depleted oil dinar, whose high exchange rate does not reflect the strength, strength and diversity of the Iraqi economy. It is a price that reflects the renty nature of the Iraqi economy, which is an artificial and subsidized price. And false even if not oil

http://www.nrttv.com/AR/birura-details.aspx?authorid=107&Articleid=362

[climber7]

1 hour ago, Butifldrm said:

The Iraqi dinar is in the end a depleted oil dinar, whose high exchange rate does not reflect the strength, strength and diversity of the Iraqi economy. It is a price that reflects the renty nature of the Iraqi economy, which is an artificial and subsidized price. And false even if not oil

 

So then DO something about it!! 

[6ly410]

Not sure where to put this...https://mobile.twitter.com/IraqiGovt/status/1043122682026328064/video/1

[jcfrag]

26 minutes ago, 6ly410 said:

Not sure where to put this...https://mobile.twitter.com/IraqiGovt/status/1043122682026328064/video/1

They have been working on that since 2010. It’s coming along pretty good, but they should do similar projects in Mosul and Basra with Iraqi contractors to build it instead of Korea.....   🙄

Edited September 21, 2018 by jcfrag

[yota691]

A slight decline in the exchange rate of the dollar in the stock market and domestic markets

 

Local currencies

Market Economy News Baghdad The exchange rate of the dollar fell slightly on Saturday, while the local markets stabilized. The price of the Kifah Stock Exchange - Baghdad 120.650 dinars, while the prices of the Stock Exchange on Wednesday 120.700 dinars. Selling and buying prices in banking shops: The sale price of the dollar = 121,000 dinars. The price of buying the dollar = 120.000 dinars. Views 9   Date Added 22/09/2018

[yota691]

Dollar exchange rates in local markets in Baghdad today

 

Economy News Baghdad Foreign currency markets in Baghdad, on Sunday morning, stabilized at the exchange rate of the US dollar against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1205 dinars per dollar, ie 120 thousand and 500 dinars for one hundred dollars. The prices of selling and buying dollars in banking companies were: The sale price of one dollar is 1210 dinars, or 121 thousand dinars for one hundred dollars. The purchase price of the dollar is 1200 dinars, or 120 thousand dinars for one hundred dollars. Number of Views 14   Date Added 23/09/2018

[yota691]

The stability of the dollar exchange rates in local markets

 

Market Economy News _ Baghdad The exchange rate of the US dollar against the Iraqi dinar has stabilized on the Central Struggle Exchange in Baghdad and local markets on Monday (September 24, 2018). The prices of the Kifah Stock Exchange - Baghdad 120,500, and the same prices on Sunday. Selling and buying prices in banking The sale price of the dollar = 121,000 dinars. The price of buying the dollar = 120.000 dinars. Views 6   Date Added 09/24/2018

[yota691]

25-09-2018 12:35 PM

The low exchange rate of the dollar today against the Iraqi dinar

 

 

 

The dollar exchange rate on Tuesday fell against the dinar on the Iraqi bourse. 

The price of selling the dollar on the Kifah Exchange today was 119,750 dinars and the purchase price was 120 thousand and 750 dinars for one hundred dollars. 

On the Basra Stock Exchange, the sale price today reached 120 thousand dinars, and the purchase price 121 thousand dinars to 100 dollars. 

While the price of selling the dollar on the Arbil Stock Exchange today 120 thousand and 500 dinars, and the purchase price 121 thousand and 500 dinars to 100 dollars.

[Butifldrm]

BAGHDAD - Baghdad 's economy is ready to set up a joint bank with Tehran, revealing industries hit

 

 Twilight News    

 

 3 hours ago

 

 

The head of the Federation of Iraqi Chambers of Commerce Jaafar al-Hamdani said on Tuesday that Baghdad is ready to establish a joint Iranian-Iraqi bank.

During a joint meeting of Iranian and Iraqi economic activists in Tehran, al-Hamdani thanked Iran for its support of Iraq in fighting Da'ash.

"In these circumstances, the whole world gave up Iraq, but Iran has put all its financial, military and popular resources to support Iraq and today it is still doing so," he said.

The head of the Federation of Iraqi Chambers of Commerce noted the banking problems between Iran and Iraq, stressing that there are different mechanisms to raise this problem, pointing out the need to benefit from them for the transfer of capital.

He pointed out that the two sides are using local and joint banks to overcome this problem, noting that in the case of the desire of Iranian banks, the two sides can establish joint Iranian-Iraqi banks.

Al-Hamdani pointed out that some of the Iraqi industries were damaged during the war on a duel, pointing out that these factories could be reopened through Iranian support.

 

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/515bc199-37a7-4827-a31f-f69c7a2c6bf1

[yota691]

Learn about the exchange rate of the Iraqi dinar against the dollar    
118 views   |   0    
Updated

(Watan News) - Baghdad

 

Baghdad - the stock price of the struggle = 120.300 

Prices of buying and selling dollar banking companies

Selling price for USD = 120.750

Purchase price for USD = 119.750. Finished 5
 

[yota691]

The stability of the dollar exchange rate today in Baghdad

Release date: 2018/9/28 9:51 • 251 times read

The foreign exchange markets in Baghdad, Friday morning, stabilized at the exchange rate of the US dollar against the Iraqi dinar.

The market price in the Baghdad Stock Exchange 1203 dinars to the dollar, or 120 thousand and 300 dinars per hundred dollars, which is the price yesterday. 
The prices of selling and buying dollars in banking companies were: 
the selling price of one dollar 1207.5 dinars, or 120 thousand and 750 dinars per hundred dollars. 
The purchase price of the dollar is 1197.5 dinars, or 119 thousand and 750 dinars for one hundred dollars. 
Prices of foreign, gold, oil , currency, {even the preparation of this news}: 
Euro Global Price: 100 EUR = 116.23 USD 
GBP Global Price: 100 pounds = 130.72 dollars 
Turkish Lira world price: $ 100 = 599.37 Turkish Lira 
price of an ounce global gold = 1182.70 dollar 
price Brent crude oil = $ 81.47 The 
price of a barrel of US crude oil = $ 72.31

[yota691]

The price of the dollar against the Iraqi dinar on 30 September 2018

30-09-2018 11:49 AM

Readers

 

Baghdad News -

 

 

Foreign exchange markets in Baghdad, on Sunday morning, stabilized at the exchange rate of the US dollar against the Iraqi dinar.

 
The market price of the Kifah Stock Exchange in Baghdad was 1204.5 dinars per dollar, ie 120 thousand and 450 dinars per hundred dollars.

 
The prices of selling and buying dollars in banking companies were:

The selling price of the dollar is 1210 dinars, or 121 thousand dinars for one hundred dollars.

The purchase price of the dollar is 1200 dinars, or 120 thousand dinars for one hundred dollars.

 

 

 

[yota691]

Dollar and currency exchange rates in Baghdad today

History of edits:: 2018/10/2 11:21 • 218 times readable

Baghdad: foreign currency markets in Baghdad, on Tuesday morning, stabilized at the exchange rate of the US dollar against the Iraqi dinar.

The market price of the Kifah Stock Exchange in Baghdad was 1204.5 dinars per dollar, ie 120 thousand and 450 dinars per hundred dollars. 
The prices of selling and buying dollars in banking companies were: 
the selling price of one dollar 1210 dinars, or 121 thousand dinars for one hundred dollars. 
The purchase price of the dollar is 1200 dinars, or 120 thousand dinars for one hundred dollars. 
Prices of foreign, gold, oil , currency, {even the preparation of this news}: 
Euro Global Price: 100 EUR = 115.33 USD 
GBP Global Price: 100 pounds = 130.00 dollars 
Turkish Lira Global Price: $ 100 = 597.57 Turkish Lira 
price of an ounce global gold = US $ 1193.60 
price Brent crude oil = $ 85.15 The 
price of a barrel of US crude oil = $ 75.66

[yota691]

A slight rise in the exchange rate of the dollar on the stock market and its stability in local markets

 

Wednesday, October 3,

 

 

 

BAGHDAD ( Reuters) - The exchange rate of the US dollar against the Iraqi dinar rose slightly on the Central Struggle Stock Exchange in Baghdad as it stabilized in local markets on Wednesday (September 3, 2018).  The prices of Kifah Stock Exchange - Baghdad 120,550, while prices of the Stock Exchange on Tuesday, 120.450.  Selling and buying prices in the money  market The selling price of the dollar = 121,000 dinars.  The price of buying the dollar = 120.000 dinars.