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

[yota691]

Low dollar exchange rate in local markets

 

Economy News _ Baghdad The exchange rate of the US dollar against the Iraqi dinar fell on Baghdad's Central Struggle Stock Exchange and local markets on Tuesday.  Kifah Stock Exchange - Baghdad 123.500, while the prices were on Monday 23.700.  Selling and buying prices in the money  market Selling price of the dollar = 124,000 dinars.  The purchase price of the dollar = 123.000 dinars   Views 11   Date Added 13/02/2018

 

[yota691]

The exchange rate of the dollar continued to fall on the stock exchange and local markets

By

 rami

 -

February 14, 2018

14

0

 

 

 

The exchange rate of the US dollar against the Iraqi dinar will continue to fall on the central Baghdad Stock Exchange and local markets on Sunday (February 14, 2018).
Kifah Stock Exchange – Baghdad 123.200, while prices were on Tuesday 123.500.
Selling and buying prices in banking
The sale price of the dollar = 123.750 dinars.
The purchase price of the dollar = 122.750 dinars.

[yota691]

 

President of the Nineveh Council calls on the Central Bank to open a branch in Mosul

Economie

15:47

Last updated

The time now is 04:03 PM

272

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BAGHDAD / The 
head of the Nineveh Provincial Council, Bashar al-Kiki, on Thursday discussed the possibility of opening a branch of the Iraqi Central Bank in Mosul, in support of the banking sector in the province. 
A statement by the Information Office of the Kiki, received by "Al-Gharab Press" a copy of it, the latter "received a delegation of advisers of the Central Bank of Iraq and representatives of the Iraqi Bank for Trade, at the headquarters of the Council in Mosul, and discussed with them the possibility of opening a branch of the Central Bank in Mosul to support the banking sector in the province "He said.

The Kiki, according to the statement, "the importance of opening a branch of the Central Bank in Mosul because of its positive effects on the economic process, and stability of prices and development and allow the rest of the banks to enter Mosul." 
He pointed out that "the Finance Committee and the Services and Reconstruction Committee in the provincial council to follow up the issue of providing suitable building and used as the headquarters of the bank as soon as possible to move the wheel of the national economy and provide financing and loans and investment for companies, in addition to providing all facilities to start work and provide banking services for citizens.

[yota691]

Rafidain Bank opened a branch in the province of Diwaniya

By

 rami

 -

February 17, 2018

15

0

 

 

 

Rafidain Bank announced the opening of its branch in the eastern district of Hamzah in Diwaniya province to provide the best banking services for citizens. The bank’s information office said in a statement that the bank’s general manager, Dr. Khawla Talib Jabbar, opened the eastern Hamzah branch in the presence of a number of officials, dignitaries and tribal sheikhs. The statement pointed out that Dr. Khawla Jabbar met with the advanced cadre of the branch and its staff and some delegates and managers of the Middle Euphrates region and listened to a detailed explanation of the nature of banking work and the accompanying problems and obstacles to reach the development of solutions to it. The opening of the branch comes within the efforts of the bank and its plans for this year to expand its work in all governorates in order to provide services and financial facilities for citizens and employees and retirees from the payment of salaries and opening current accounts and savings and bank deposits and advances and loans of all kinds.

[yota691]

The exchange rate of the dollar continued to fall on the stock exchange and local markets

By

 rami

 -

February 17, 2018

12

0

 

 

 

The exchange rate of the dollar continued to fall on the Stock Exchange and local markets on Saturday (February 17, 2018).
Kifah Stock Exchange – Baghdad 122.750, while prices were on Thursday 123.200.
Selling and buying prices in banking
Selling price of the dollar = 123.250 dinars.
The purchase price of the dollar = 122.250 dinars.

[yota691]

A significant drop in the dollar exchange rate in Iraq

By

 rami

 -

February 18, 2018

 

 

 

Foreign currency markets in Baghdad, on Sunday morning, recorded a significant decline in the exchange rate of the dollar against the Iraqi dinar.
The market price in the Kifah Stock Exchange in Baghdad was 1225.5 dinars per dollar, ie 122 thousand and 550 dinars per hundred dollars.
The prices of selling and buying dollars in banking companies were:
The sale price per dollar is 1230 dinars, or 123 thousand dinars, for one hundred dollars.
The purchase price of the dollar is 1220 dinars, or 122 thousand dinars, for one hundred dollars.

[yota691]

The opening of a branch of Rafidain Bank in the province of Diwaniyah

 

Banks Economy News Baghdad : Rafidain Bank announced on Saturday the opening of its branch in the eastern district of Hamzah in Diwaniyah province to provide the best banking services to citizens . The bank's information office said in a press statement read by "Economy News" that "the general manager of the bank Khawla Talib Jabbar opened the eastern branch of Hamzah in the presence of a number of officials and dignitaries and tribal sheikhs ." The statement pointed out that "the opening of the branch comes within the efforts of the bank and its plans for this year to expand its work in all provinces in order to provide services and financial facilities for citizens and employees and retirees from the payment of salaries and opening current accounts and savings and bank deposits and advances and loans of all kinds. Views 214   Date Added 02/17/2018

[yota691]

Continued decline in the dollar exchange rate against the Iraqi dinar for the seventh day

 

Sunday 18 February

 

 

Alsumaria News / Baghdad continued US dollar exchange rate of exchange rates against the dinar Alaracta decline for the seventh consecutive day to exchange the central struggle in Baghdad and local markets on Sunday (February 18, 2018 (.  Stock struggle - Baghdad 122.550 dinars , while the price for on Saturday 123.750 dinars.  Selling prices And buying in the banking shops  Selling price of the dollar = 123,000 dinars  The purchase price of the dollar = 122,000 dinars.

[gregp]

GM, Yota,

 

the purchase price is within 3% of the CBI. 

 

She’s gaining ground. 

 

Thanks!

[climber7]

2 hours ago, gregp said:

GM, Yota,

 

the purchase price is within 3% of the CBI. 

 

She’s gaining ground. 

 

Thanks!

 

So when the percentage matches the CBI does that mean we have our RV? 

[Floridian]

6 minutes ago, climber7 said:

 

So when the percentage matches the CBI does that mean we have our RV? 

 

The way I understand it is they have to be within 2% and hold that price for 90 days.

Then, Iraq is able to "accept" Article 8 and take their money international.

[danielchu]

“The exchange rate may fluctuate within narrow margins of less than ±1 percent around a central rate, or the maximum and minimum values of the exchange rate may remain within a narrow margin of 2 percent for at least three months.”

http://www.imf.org/external/pubs/ft/issues/issues38/ei38.pdf

[Officiallytook]

Iran fell against the dollar, maybe playing in our favor

[Floridian]

1 hour ago, danielchu said:

“The exchange rate may fluctuate within narrow margins of less than ±1 percent around a central rate, or the maximum and minimum values of the exchange rate may remain within a narrow margin of 2 percent for at least three months.”

http://www.imf.org/external/pubs/ft/issues/issues38/ei38.pdf

 

Oops!  You are correct, Danielchu.  It's 3 months, not 90 days.

Thank you.

 

And if this is what Iraq is doing DV,  then "you know who" is right.  He's been saying it for years.

 

Also, 3 months would be right around election time.

Edited February 18, 2018 by Floridian

[NoviceInvestor]

3 hours ago, Floridian said:

 

The way I understand it is they have to be within 2% and hold that price for 90 days.

Then, Iraq is able to "accept" Article 8 and take their money international.

Does it have to be a definite 3 months or does the IMF  allow flexibility of room to move on that time frame?..

[Floridian]

1 minute ago, NoviceInvestor said:

Does it have to be a definite 3 months or does the IMF  allow flexibility of room to move on that time frame?..

 

I think it has to be 3 months to show that they are able to maintain it.

However, I'm wondering if the rule is iron-clad or if the IMF is able to change this rule, if they want to.

[NoviceInvestor]

1 minute ago, Floridian said:

 

I think it has to be 3 months to show that they are able to maintain it.

However, I'm wondering if the rule is iron-clad or if the IMF is able to change this rule, if they want to.

I have a vague notion that they do have that flexibility (However I stand to be corrected on that)

[yota691]

 

Central Bank reopens branch in Mosul

Economie

15:15

Last updated

The time now is 03:37 PM

382

Watch

 

 

 

Nineveh / Al-Ghad Press: 
The Central Bank of Iraq, on Sunday, the immediate reopening of its branch in Nineveh province for the purpose of supporting the economy of the province. 
"The Central Bank will open the Mosul branch within days, where a temporary building will be allocated by the provincial council within two days," said Central Bank Governor Walid Hadi.

He added that "the bank urges other banks to reopen their branches in Mosul, where it will contribute to the revival of the economy of the province." 
He said that "the bank will provide loans and facilities and open Sindhi credits and letters of guarantee."

It is noteworthy that the security forces was able in March 2017 to liberate the complex of government buildings on the right side of the city of Mosul, where the main branch of the Central Bank in the province of Nineveh, after it was under the control of a calling organization for about three years. 
In the meantime, the Central Bank announced that it will coordinate with the concerned authorities to prepare the necessary plans to assess the damage in order to reconstruct and rehabilitate the branch when announcing the completion of liberation and victory over terrorist groups.

[Officiallytook]

[nannab]

 Yota  Things are getting better and better. 

[climber7]

5 hours ago, danielchu said:

“The exchange rate may fluctuate within narrow margins of less than ±1 percent around a central rate, or the maximum and minimum values of the exchange rate may remain within a narrow margin of 2 percent for at least three months.”

http://www.imf.org/external/pubs/ft/issues/issues38/ei38.pdf

 

 

So I guess this means we can take a break from checking for updates every day for at least three more months 

[ChuckFinley]

I think so. I am  finding out that everything is negotiable in this business. 

[Tom. Newman]

17 minutes ago, ChuckFinley said:

I think so. I am  finding out that everything is negotiable in this business. 

U don't. Have ownership. Untill it's in. Hand

[Tom. Newman]

43 minutes ago, climber7 said:

 

 

So I guess this means we can take a break from checking for updates every day for at least three more months 

To fluctuate. Is. Not moving. Being. Dead in. Space. Not really. Useful. Need. Revaluation to be. Beneficial to DINAR. HOLDERS. ?

[newbieDA]

1 hour ago, climber7 said:

 

 

So I guess this means we can take a break from checking for updates every day for at least three more months 

 

wait til we hit I think 1208 IQD and start watching and counting down lol

 

It happen once, a bunch of us watched and counted down everyday a couple years back.