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


yota691
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The exchange rate of the dollar against the Iraqi dinar, in the markets of the capital Baghdad and the Kurdistan region, on Sunday (November 12, 2017).
Baghdad
Selling price / $ 100 = 125.750 Iraqi Dinar
Purchase price / $ 100 = 125.750 Iraqi Dinar
Erbil
Selling price / $ 100 = 125.800 Iraqi Dinar
Purchase price / $ 100 = 125.800 Iraqi Dinar

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Economy News _ Baghdad

The dollar's decline against the Iraqi dinar continued on Tuesday (November 14, 2017) as the general trend of demand was below average. 

 

The exchange rate at Kifah Stock Exchange (Baghdad) was  

the selling price of $ 100 = 125,300 dinars 

. The purchase price was $ 100 = 125,250 dinars

Bourse of Arbil (North)  

Selling price $ 100 = 125,800 dinars 

purchase price $ 100 = 125,800 dinars

Basra Stock Exchange (South) 

Selling price $ 100 = 125,600 dinars  

Purchase price $ 100 = 125,600 dinars.

 

Views 451   Date Added 14/11/2017

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  • yota691 changed the title to Rafidain Bank opens a new branch in Jordan

Rafidain Bank opens a new branch in Jordan

By
 rami
 -
November 18, 2017
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Rafidain Bank announced on Saturday the opening of its new branch in the Jordanian capital Amman.
The Bank’s Information Office said in a statement that the aim of the opening of the bank is to provide banking services to Iraqi citizens residing in that country.
He added that the new Rafidain branch was opened in the Sweifieh area in the Jordanian capital of Amman, in a move that the Bank has taken towards leadership, progress and financial coverage.
He pointed out that the branch provides financial services and facilities for citizens to pay salaries and open current accounts and savings and bank deposits.
The Ambassador of Iraq in Jordan Safia al-Suhail said in a speech during the ceremony that the opening of the branch of Rafidain Bank in the Kingdom is of great importance as it indicates the keenness of the Republic of Iraq to raise the framework of cooperation with the Kingdom of Jordan at all levels, especially economic and banking, based on historical relations rooted in the gathering Two neighboring countries.
She added that her happiness that Rafidain Bank is an essential tool for communication between the federal government in Baghdad and the expatriate in Jordan, especially retirees of state employees who have been living in Jordan for years, where it is keen to provide their salaries on a regular basis.

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Rafidain Bank announces the opening of its new branch in Jordan

 

 Since 2017-11-18 at 08:47 (Baghdad time)

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 Baghdad Mawazine News

Rafidain Bank announced the opening of its new branch in the Jordanian capital Amman to provide banking services to Iraqi citizens residing in that country.

"The new Rafidain branch was opened in Sweifieh in the Jordanian capital of Amman, in a step taken by the bank towards pioneering, progress and financial coverage," the bank's information office said in a statement received by Mawazine News.

He pointed out that "the branch provides financial services and facilities for citizens from the payment of salaries and the opening of current accounts and savings and bank deposits." Ended 29 / mh

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10 minutes ago, blueskyline said:

Thank You Yota . Somewhere in between International and not quite International....

 

Yota, good morning and have a great weekend sir :twothumbs:

Agreed blueskyline, but hey, the signs are all around, they are getting ready for it that’s for sure. A super weekend out to you my friend :tiphat:

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  • yota691 changed the title to The Central Bank is drawing up a plan to restore the work in the banks of the liberated areas
The Central Bank is drawing up a plan to restore the work in the banks of the liberated areas
 

 

 
 

Date Posted       19/11/2017 09:55 AM

 

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The appearance of Mohammed Saleh, Advisor to the Prime Minister for Finance that the Central Bank to develop a plan to restore the work of government banks located in the liberated areas.

Saleh said dealing with banks in Kurdistan is up to the central bank as the person responsible for financial stability in Iraq and deposits of citizens.

He added that the Central Bank has formed committees to restore the work of government banks in the liberated areas, including the city of Mosul, pointing to the existence of a plan of cooperation with private banks to bring back their branches in those areas.

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Number of readings: 1706 20-11-2017 01:13 PM

 
 

20-11-2017 01:13 PM 

 

The price of the US dollar fell Monday against the Iraqi dinar in the struggling market and local markets. 

The exchange rate of the dollar in the Kifah Stock Exchange - Baghdad today 125,350, down from what it was on Sunday prices 125.450.

The selling price of the dollar remained at 125.750 dinars and the purchase at 124.750 dinars in the banking shops.

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On 3/3/2017 at 3:26 AM, yota691 said:

the new system applied to window sell the currency, as pointed out that the new system has achieved a remarkable decline in the dollar against the Iraqi dinar

Thanks Yota for the articles. So does this mean that there will be a change in the exchange rate; before the end of 2017 ? If not why? If no movement on the IQD exchange rate to the USD  how much more pressure can the CBI/IQD take to go international and reflect a actual rate? XE.com has the exchange at 1173.02 to $1.00 .

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Low exchange rates in the Iraqi market

22/11/2017 01:55 | Number of readings: 33

Low exchange rates in the Iraqi market

Trend Press / Baghdad

 

The exchange rate of the US dollar against the Iraqi dinar fell on the stock exchange and local markets on Wednesday.

Kifah Stock Exchange - Baghdad.

Selling and buying prices in banking

The sale price of the dollar = 125,000 dinars.

The purchase price of the dollar = 124,000 dinars.

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The dollar exchange rate on Tuesday (November 28, 2017) recorded a new decline against the dinar in foreign currency markets in Iraq.
The sale price of the dollar in the stock market in Baghdad:
Selling price $ 100 = 124 thousand and 600 dinars
Purchase price $ 100 = 124 thousand and 550 dinars
The price of selling the dollar was also recorded on the Arbil Stock Exchange
Selling price $ 100 = 124 thousand and 900 dinars
Purchase price $ 100 = 124 thousand and 850 dinars
And on the Basra Stock Exchange
Selling price is $ 100 = 124 thousand and 950 dinars
The purchase price is $ 100 = 124 thousand and 900 dinars.

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3 minutes ago, NEPatriotsFan1 said:

Is this just market fluctuations or evidence of a free float? Looks like it’s steadily increasing albeit very slightly

 

I was just looking at that. Iraq could be moving in the right direction.  Iran and Vietnam are going the wrong way. Although Iran needed to pair up the dual exchange rate. Could be good. 👍

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Tuesday, November 28,

 

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Alsumaria News / Baghdad
The exchange rate of the dollar fell to the Kifah market and local markets significantly on Tuesday (November 28, 2017). 

Kifah stock exchange - Baghdad 124.550 dinars, while the price of yesterday was 124,900 dinars. 

Selling and buying prices in the money 

market Selling price of the dollar = 125,000 dinars. 

The purchase price of the dollar = 124,000 dinars

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  • yota691 changed the title to What is the Iraqi dinar against the dollar? What about the rest of the currencies?
38 minutes ago, Floridian said:

This is what I'm thinking.  Someone please tell me if I'm totally off base.

 

Say the price is 125,000 dinars = $100.

 

When it gets down to 100,000 dinars = $100, they delete the 3 zeros and then 100 dinars = $100.  

 

Do you think this could be the plan?

 

This is how the "drop the three zeros has been explained to me...

0.00085 IQD = 1 USD   They drop the 3 zeros after the decimal point making it .85 IQD = 1 USD 

I'm not sweating it or in fear of a LOP. 

Please correct me anyone if you think I am wrong. Several friends from the ME have told me this is what will happen...

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Thanks  Yota....

2 hours ago, Floridian said:

This is what I'm thinking.  Someone please tell me if I'm totally off base.

 

Say the price is 125,000 dinars = $100.

 

When it gets down to 100,000 dinars = $100, they delete the 3 zeros and then 100 dinars = $100.  

 

Do you think this could be the plan?

 

....This's about on the mark....but...

 

On 11/20/2017 at 10:02 AM, new york kevin said:

This would make the stock exchange IQD/USD  exchange rate at $1/1253

....Why wait till it gets to 1000 IQD to 1USD ...Go ahead and drop the '000' at $1 to 1253 IQD...making the rate 1.25 IQD to 1 USD....It looks like things are within the marginal lines now to accomplish the dedollarization...jmho 

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10 hours ago, NEPatriotsFan1 said:

Is this just market fluctuations or evidence of a free float? Looks like it’s steadily increasing albeit very slightly

 

Could be they've started to arrest some of the thieves trading in these daily auctions, remember this is where a lot of the corruption is....Maybe they will continue to trend down until they stop them completely...

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Economy News _ Baghdad

 

The dollar exchange rate on Wednesday rose slightly against the dinar exchange rate in foreign currency markets in Iraq.

 

The sale price of the dollar on the Kifah Stock Exchange in Baghdad today 124 thousand and 850 dinars and the purchase price 124 thousand and 800 dinars compared to $ 100. While recorded yesterday 124 thousand and 600 dinars and the purchase price 124 thousand and 550 dinars to $ 100.

 

The price of the sale of the dollar on the Arbil Stock Exchange today was 125 thousand dinars, the purchase price 125 thousand dinars compared to one hundred dollars, while recorded yesterday 124 thousand and 900 dinars, and the purchase price 124 thousand and 850 dinars to 100 dollars.

 

The sale price on the Basra Stock Exchange 125 thousand and 200 dinars, and the purchase price 125 thousand and 150 dinars for one hundred dollars. While recorded yesterday 124 thousand and 950 dinars, the purchase price 124 thousand and 900 dinars compared to $ 100.

 

Views 3   Date Added 11/29/2017

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01-12-2017 10:44 AM
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Foreign currency markets in Baghdad have stabilized at the dollar exchange rate against the Iraqi dinar. 

The market price in the Kifah Stock Exchange in Baghdad was 1250 dinars per dollar, or 125 thousand dinars for one hundred dollars. 

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

the selling price of one dollar 1255 dinars, or 125 thousand and 500 dinars, for one hundred dollars. 
And the purchase price of the dollar is 1245 dinars, or 124 thousand and 500 dinars, for one hundred dollars. 
Foreign Exchange Rates: 
EUR World Price: 100 Euro = 119.30 USD The 
World Price: 100 Bounds = 135.22 $ 
Turkish Lira International Price: $ 100 = 393.45 Turkish Lira

 

 

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  • yota691 changed the title to Stability of the exchange rate of the Iraqi dinar and some currencies at closing
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