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

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02-09-2018 02:12 PM
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The foreign currency markets in Baghdad, on Sunday morning, a slight decline in the exchange rate of the US dollar against the Iraqi dinar. 

The market price of the Kifah Stock Exchange in Baghdad was 1205.5 dinars per dollar, ie 120 thousand and 550 dinars per hundred dollars. 

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

the sale price of one dollar 1210 dinars, or 121 thousand dinars, for one hundred dollars. 
And the purchase price of the dollar at 1200 dinars, or 120 thousand dinars for one hundred dollars.

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Historical US dollar / Iraqi dinar

History of daily rates USD /IQD since Wednesday, 31 May 2000.

The maximum was reached on Saturday, 22 September 2001

  • 1 US dollar = 3300.5589345032 Iraqi dinar

the minimum on Saturday, 14 November 2015

  • 1 US dollar = 1093.007278669 Iraqi dinar
Date USD/IQD
Sunday, 2 September 2018 1 193.7970
Saturday, 1 September 2018 1 193.7959
Friday, 31 August 2018 1 193.7959
Thursday, 30 August 2018 1 193.4287
Wednesday, 29 August 2018 1 193.9434
Tuesday, 28 August 2018 1 193.3448
Monday, 27 August 2018 1 192.7047
Sunday, 26 August 2018 1 189.1010

 

https://www.mataf.net/en/currency/converter-USD-IQD?m1=1000

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The price of the dollar against the Iraqi dinar on September 04, 2018

04-09-2018 12:00 PM
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Baghdad News -

 

 

The exchange rate of the dollar, on Tuesday, stable against the dinar on the Iraqi Stock Exchange. 

The sale price of the dollar on the Kifah Exchange today is 120 thousand and 250 dinars and the purchase price 121 thousand and 250 dinars to $ 100.

 
On the Basra Stock Exchange, the sale price today was 120 thousand and 250 dinars, and the purchase price 121 thousand and 250 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.

 

 
 
 
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Economic Affairs Committee: Strict measures to maintain the dollar exchange rate

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09:52 - 05/09/2018

BAGHDAD balances News 
called the Ministerial Committee on Economic Affairs, on Wednesday, to take the necessary measures to maintain the dollar exchange rate measures, while confirming the need for banks that violate labor accounting controls. 
"The ministerial economic affairs committee headed by Minister of Planning Salman Jumaili held its 21st session in the presence of its members, the ministers of industry, minerals and agriculture, the governor of the Central Bank of Iraq, the head of the National Investment Commission and the undersecretaries of the ministries of oil, Noting that "the Committee has hosted a number of directors-general in the ministries of planning, trade and industry."
The statement added that "the Committee valued the role of the Central Bank of Iraq in maintaining the stability of the exchange rate and strengthen the Iraqi dinar and support the government to get out of the economic crisis, as well as the removal of Iraq from the gray area and follow-up within the classification of the International Labor Organization on combating money laundering and terrorism financing, The actions taken by the Central Bank in this regard. " 
The statement said that "the Committee called for taking the necessary measures to maintain the stability of the exchange rate and reduce the differences in price and accounting of banks that violate the controls of work followed by the Central Bank of Iraq."
The statement pointed out that "the Committee agreed to start the implementation of the national project for the production of flour zero and import quota by documentary credit and that the sectoral bodies in the ministries of trade and health control and follow-up," adding that "the General Company for grain trade in the Ministry of Commerce is concerned with the application specifications and examination of imported wheat Or locally produced flour production in zero. " 
"The committee was granted the right to import wheat to non-owners of the mills, and did not require that the mill be owned by the importer, and stressed that the owners of mills to build silos to store grain."

"The committee has taken a number of other decisions and recommendations on the issues on the agenda, identifying locally manufactured products and preventing the importation of such products, and other measures on tariff and other customs," the statement said.

https://www.mawazin.net/Details.aspx?jimare=9960

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2 hours ago, Butifldrm said:

Economic Affairs Committee: Strict measures to maintain the dollar exchange rate

image

 

09:52 - 05/09/2018

BAGHDAD balances News 
called the Ministerial Committee on Economic Affairs, on Wednesday, to take the necessary measures to maintain the dollar exchange rate measures, while confirming the need for banks that violate labor accounting controls. 
"The ministerial economic affairs committee headed by Minister of Planning Salman Jumaili held its 21st session in the presence of its members, the ministers of industry, minerals and agriculture, the governor of the Central Bank of Iraq, the head of the National Investment Commission and the undersecretaries of the ministries of oil, Noting that "the Committee has hosted a number of directors-general in the ministries of planning, trade and industry."
The statement added that "the Committee valued the role of the Central Bank of Iraq in maintaining the stability of the exchange rate and strengthen the Iraqi dinar and support the government to get out of the economic crisis, as well as the removal of Iraq from the gray area and follow-up within the classification of the International Labor Organization on combating money laundering and terrorism financing, The actions taken by the Central Bank in this regard. " 
The statement said that "the Committee called for taking the necessary measures to maintain the stability of the exchange rate and reduce the differences in price and accounting of banks that violate the controls of work followed by the Central Bank of Iraq."
The statement pointed out that "the Committee agreed to start the implementation of the national project for the production of flour zero and import quota by documentary credit and that the sectoral bodies in the ministries of trade and health control and follow-up," adding that "the General Company for grain trade in the Ministry of Commerce is concerned with the application specifications and examination of imported wheat Or locally produced flour production in zero. " 
"The committee was granted the right to import wheat to non-owners of the mills, and did not require that the mill be owned by the importer, and stressed that the owners of mills to build silos to store grain."

"The committee has taken a number of other decisions and recommendations on the issues on the agenda, identifying locally manufactured products and preventing the importation of such products, and other measures on tariff and other customs," the statement said.

https://www.mawazin.net/Details.aspx?jimare=9960

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Compensation of private banks

   
 

 
 


06/9/2018 12:00 am 

Dr. Basem Ibrahimi

The Iraqi banking system is trying to return to the liberated areas and to work there again. The Central Bank and the banks have suffered large losses, some official reports amounting to approximately one trillion Iraqi dinars between physical property and currency. The terrorist organization has destroyed a total of 121 bank branches, 87 branches In addition to the branch of the Central Bank of Mosul.

During these days, the branch of the Central Bank of Mosul was reopened in an alternative location on the left side. The old building is badly damaged and it needs more time to rehabilitate it due to the great damage it has incurred, not to mention the costs it requires. A number of banks reopened some of its branches in a number of liberated provinces, but if the government banks will rehabilitate their branches through investment allocations in the public budget, the case in private banks are absolutely different and did not receive those banks any compensation, although some of them lost a large number of Branches such as Mosul Bank It has nine branches.
The question here is: Can private banks be compensated according to the Law for the Compensation of Persons Affected by Military Operations, Military Mistakes and Terrorist Operations No. 20 of 2009, as amended by Law No. 57 of 2015 as individuals? The answer is yes. It can be done since this law includes natural or legal persons and private banks are companies established by law and therefore can claim compensation or so-called law (reparation 
 ).
The process of re-establishing stability in the liberated areas needs to be re-established by all government and private entities, especially banking institutions that play an important role in financing and banking services. Therefore, the process of covering banks with compensation will have a great effect in enhancing the work of these banks and encouraging them to return and work quickly. Especially as we are approaching an important stage of political and economic change and its internal and regional challenges, which will require concerted efforts to achieve progress and prosperity for the country in the  
future.    

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Thursday, September 6

 

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Alsumaria News / Baghdad
The exchange rate of the dollar on the Stock Exchange and local markets on Thursday (September 6, 2018). 

The prices of the Kifah Stock Exchange - Baghdad 120.750 dinars, while the prices of yesterday's 120,600 dinars. 

Selling and buying prices in the banking shops: 

Selling price of the dollar = 121.250 dinars. 

The price of buying the dollar = 120.250 dinars.

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Foreign exchange markets in Baghdad, on Friday morning, a slight rise in the new exchange rate of the US dollar against the Iraqi dinar.
The market price of the Kifah Stock Exchange in Baghdad was 1208 dinars per dollar, ie 120 thousand and 800 dinars per hundred dollars.
The prices of selling and buying dollars in banking companies were:
The selling price of the dollar is 1212.5 dinars, or 121 thousand and 250 dinars, for one hundred dollars.
The purchase price of the dollar is 1202.5 dinars, or 120 thousand and 250 dinars for one hundred dollars.
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http://iraqieconomists.net/ar/2018/09/06/حاتم-جورج-حاتم-سياسة-البنك-المركزي-ال/....Contact

 

Hatem George Hatem *: Policy of the Central Bank of Iraq for the exchange rate of the dinar for the period 2014-2016 - critical review

- POSTED ON 06/09/2018
Introduction The exchange rate of the Iraqi dinar against any foreign currency (the dinar exchange rate henceforth) means in this paper the amount of the relevant foreign currency necessary to buy one dinar. [1]  As is evident [...]

an introduction

The exchange rate of the Iraqi dinar against any foreign currency ( the dinar exchange rate henceforth) means in this paper the amount of the relevant foreign currency necessary to buy one Dinar. [1] As is clear from the title, this paper is concerned with appropriate Iraqi Central Bank 's policy rate of the dinar exchange to discuss during the  period 2014- 2016 in light of receding apocalyptic in the dollar value of the oil revenues of Iraq , which resulted in the collapse of the crude oil price during the same period.

 

This paper is in three parts. The first part focuses on clarifying the location of the policy of the Central Bank of Iraq for the dinar exchange rate among the measures taken to counter the repercussions of the collapse of oil prices during the period 2014

2016 on the course of the Iraqi economy. This section begins by explaining the amount of damage caused by the sharp fall in the price of crude oil after 2014 in the dollar value of Iraqi exports from this resource in the years 2015 and 2016. The paper then goes on to review the measures taken to counter the repercussions of this decline in oil revenues and the associated severe atrophy in the flow of foreign exchange into the national economy. The final section of this section is dedicated exclusively to the dinar exchange rate. It begins with the presentation of the basic parameters of the central bank's policy of the dinar exchange rate and the conceptual framework governing this policy. It then reviews the mechanism adopted by this bank in its management of the dinar exchange rate; The dinar exchange rate against the dollar and the dinar exchange rate against a number of other important foreign currencies during the period 2014-2016, respectively.

 [1] Two exchange rate definitions are available. The exchange rate is defined as the price of one unit of the local currency calculated or expressed in foreign currency or the amount of foreign currency required to buy / sell one unit of the local currency. This definition is the most internationally adopted at present

Dornbusch, Roger, Stanley Fischer and Richard Startz. Macroeconomics , op. cit., p. 576.

The following reference shows the motives behind the widespread use of this definition in recent years

Dunn, Robert M. Jr., and John H. Muttin. International Economics , London and New York: Routledge, 2000, p

The second definition is inverted the first definition. According to this definition, the exchange rate represents the price of one unit of foreign currency calculated or expressed in local currency or the amount of local currency necessary to buy / sell one unit of foreign currency. This definition has been adopted in a number of scientific studies, to name but a few

Catoa, Luis AV "Return to Basics: Why Exchange Rates," Finance and Development, September 2007, p. 48

The Central Bank of Iraq adopts the latest definition of the exchange rate in its official statistics on the dinar exchange rate. See

" Annual Statistical Bulletin " issued by the Directorate General for Statistics and Research of the Central Bank of Iraq. The preparation of this statistical bulletin for the years 2003-2017 is available at https://cbi.iq/news/view/492

To continue reading please download the full search as a PDF file. Click the link below

Hatim G. Hatim - Review and evaluation of exchange rate policy 2014-2016-formated........

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Hatem George Hatem *: Measuring the effect of changing the dinar exchange rate against the dollar on the gap between the total sum of revenues of the Iraqi general budget and the total of its expenses -

- POSTED ON 18/08/2018
The research paper focuses on the first part of the research paper.  The first is to define the objectives of the research and to establish the definition it adopts for the variable in which the research is centered [...]

A brief description of the research

The interest of this research paper is limited to its first part in two things. The first is to determine the objectives of the research and to establish the definition that you adopt for the variable around which the research is centered, ie exchange rate The Iraqi Dinar; the second is to explain the methodology adopted by the paper in the analysis. The second part of the paper focuses on clarifying the mechanism of determining the dinar exchange rates against foreign currencies in Iraq and highlighting the pivotal role in this mechanism for the specific exchange rate of the dinar, ie the dinar exchange rate against the dollar according to the window / auction of the Central Bank of Iraq and the dinar exchange rate according to the local market. After highlighting the importance of the exchange rate of the dinar against the dollar in accordance with the window / auction of the Central Bank of the Iraqi public budget, the paper in this section tends to present these particulars for both the revenue side and the expenditure side of the general budget responsible for the difference in the overall effect of each of these two sides to the change in price Exchange of this dinar. The third part of the paper was dedicated For the mathematical analysis of the impact of the change in the exchange rate of the dinar against the dollar in accordance with the window / auction Central Bank on both sides of the Iraqi budget after taking into account the specifics of each item. And this analysis of the people of research to reach a number of conclusions expressed mathematically and useful in making appropriate decisions on the course of exchange rates of the dinar against the dollar in general and the exchange rate of the dinar against the dollar under the window / auction CBI in particular. The paper presents in its fourth part a case study in which mathematical analysis equations are used for the effect of the devaluation of the dinar against the dollar in accordance with the Central Bank auction (9.09%) on the total of the general budget revenues for 2016, It is clear from this application that such a reduction in the dinar exchange rate according to the Central Bank auction leads to a reduction of the budget deficit by ( 23.6)%). In the latter part, the researcher lists what he considered to be the most important conclusions reached in this paper. 

 To download the search as PDF read and print, click on the following link

Hatim G. Hatim-Measurment of the effect of changes in exchange rate of IQD-final..

 

 

 

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1 minute ago, denster said:

This is the way it was , Not the way it’s going to be. Things have changed 😎

Debbie downer!!! Boooooooooo!!! 😭😬

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In laymen terms ,. The oil was at 100 per barrel , ( malarkey was too busy stealing cash that he missed the pull call )  but if Iraq did push r.v. at 100 then the bottom fell out of the oil , central bank would be in a heck of a mess , but with the reforms and banking systems , the state of Iraq is as ready as ever , just settle those kids down on Iran protest , and let dinar values roll high 

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3 hours ago, jeepguy said:

In laymen terms ,. The oil was at 100 per barrel , ( malarkey was too busy stealing cash that he missed the pull call )  but if Iraq did push r.v. at 100 then the bottom fell out of the oil , central bank would be in a heck of a mess , but with the reforms and banking systems , the state of Iraq is as ready as ever , just settle those kids down on Iran protest , and let dinar values roll high 

:bump:

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Thanks for the summation jeepguy- much appreciated. I've got my a rare pounding headache and dreaded the thought of making it worse...

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Sunday 9 September

 

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Alsumaria News / Baghdad 
rose US dollar exchange rates against the Iraqi dinar Stock Exchange on the central struggle in Baghdad and local markets on Sunday (September 92 018). 

The price of the Kifah-Baghdad Stock Exchange was 121,000, while Saturday's prices were 120,800. 

Selling and buying prices in the money 

market Selling price of the dollar = 121,500 dinars. 

The price of buying the dollar = 120.500 dinars.

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10 o'clock
Last updated
The time now is 10:05 AM
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Watch
 
 
BAGHDAD / 

The political center of Iraq on Monday recorded exchange rates of the Iraqi dinar against foreign currencies, gold and oil. 

The Center said in a statement received by "Al-Ghad Press", that the prices of the sale and purchase of the dollar Iraqi banking companies for today, where the sale price of 100 US dollars 121.750 thousand Iraqi dinars, and the purchase price 120.750.

The global price of the euro is 100 euros for 115.53 dollars. 

While the price of the pound, 100 pounds compared to 129.12 dollars. 

And the Turkish lira price, 100 dollars against 649.17 Turkish lira. 

Gold recorded $ 1194.10 per ounce. 

While the price of a barrel of crude oil Brent $ 77.40 per barrel, and the price of US crude 68.26 dollars a barrel.
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fit

 The prices of the US dollar against the Iraqi dinar fell on the Central Struggle Exchange in Baghdad and the local markets on Tuesday (September 11, 2018) 
and the prices of Kifah Stock Exchange - Baghdad 121.100 while yesterday's 
prices were 121.250 Selling and buying prices in the banking shops 
Selling price of the dollar = 121.500 JD 
Price Buy the dollar = 120.500 dinars.

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A slight rise in the dollar exchange rate against the Iraqi dinar

11:36 - 14/09/2018

 
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BAGHDAD - Mawazine News 
Foreign exchange markets in Baghdad, on Friday morning, a slight rise in the exchange rate of the US dollar against the Iraqi dinar. 
The market price in the Kifah Stock Exchange in Baghdad was 1210 dinars for one dollar, or 121 thousand dinars for one hundred dollars. 
The prices of selling and buying dollars in banking companies were: 
the sale price of one dollar 1215 dinars, or 121 thousand and 500 dinars, for one hundred dollars. 
The purchase price of the dollar is 1205 dinars, or 120 thousand and 500 dinars for one hundred dollars. 

The price of foreign exchange, gold and oil was as follows: 
EUR World Price: 100 Euro = 117.03 
GBP World Price: 100 Bounds = 131.12 $ 
Turkish Lira World Price: $ 100 = TRY 603.57 
Gold Ounce Rate Worldwide = $ 1206.70
The price of a barrel of Brent crude oil = 78.21 dollars, the 
price of a barrel of US crude oil = 68.74 dollars

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