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


yota691
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Here is a thought I shared earlier that may be of interest (or not :o)

 

I am wondering what is going to happen when the market purchase rate hits or goes below the CBI purchase rate of 1,190 IQD = 1 USD or 119,000 IQD for 100 USD. The spread of (1195 - 1190) / 1190 x 100% = 0.42% now. That is awful tight to me. I am inclined to think a market rate lower than 119,000 IQD for 100 USD would drive a significant demand on the market to accelerate the rising value of the IQD vs. USD for the CBI currency auction non corrupt participants (getting more USD from the IQD in the market rather than CBI). The CBI currency auction corrupt participants will still participate in the CBI currency auctions since they are getting “free” money anyway. Maybe the market purchase price of IQD dropping below the CBI purchase price will weed out the non corrupt from the corrupt in the view of the public. Kinda close to elections for the public to see first hand who the corrupt CBI currency auction participants are.

 

The market value of the IQD could have an extremely fast wind up once the current CBI currency auction participants switch to the market in an ever increasing manner.

 

If the IQD is gaining in value, the general public may as well be inclined to exchange the CHUNKAE’ MONAE” for USD to get the higher denomination notes off the streets, too. Another way for the CBI to get the larger denomination notes off the streets through the public and private bank exchanges while detecting and eliminating the counterfeits as as been noted in the news.

 

The CBI currency auctions are delayed a day except for the Thursday auctions occurring for the following Sunday. This could allow for the non corrupt current CBI currency auction participants to make the necessary exchanges electronically on the same time dependent time line as now so as not to disrupt international payments if they purchase USD from the market instead of CBI.

 

 

What are Your thoughts???!!! A run on the Iraqi Dinar by the Iraqis to drive up the value of the Iraqi Dinar in Iraq???!!!

 

The supply of 250, 500, and 1,000 notes appears to have dried up in The United States Of America internet dealers whereas the 5,000, 10,000, 25,000, and 50,000 still appear to be available.

 

Maybe much more Iraqi Dinar currency action in the near future???!!!

 

In The Mean Time..........................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

Edited by Synopsis
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10 minutes ago, Wiljor said:

Good morning DV 

 

!!!Salud mi Hermano!!! (Health my Brother!!!)

 

!!!???Como Esta Frijoles, Hombre???!!! (How You Beans, Man???!!!)

 

Good to see You posting and I look forward to a Tim's with You hopefully in the very near future!!! In the mean time, enjoy Your Tim's!!! :twothumbs:

 

Go Moola Nova!!!

:pirateship:

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Just now, Synopsis said:

 

!!!Salud mi Hermano!!! (Health my Brother!!!)

 

!!!???Como Esta Frijoles, Hombre???!!! (How You Beans, Man???!!!)

 

Good to see You posting and I look forward to a Tim's with You hopefully in the very near future!!! In the mean time, enjoy Your Tim's!!! :twothumbs:

 

Go Moola Nova!!!

:pirateship:

 

‘Good morning my friend, it has been a very busy year for me, thank god, but I have been trying to read as much as I can throughout the days and weeks, and,  keep on top of all the great news that has been taking place with regards to the Dinar. So good to see you are in fine form here, as always, and hope to re engage the chats very soon.

Wishing you and all of DV a spectacular day 🙏

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fit

The exchange rate of the dollar on the Kifah Exchange and local markets rose on Wednesday (22 August 2018). 

The prices of Kifah Stock Exchange - Baghdad 121.400 dinars, while prices of the Stock Exchange on Tuesday, 121.200 dinars. 

Selling and buying prices in the banking 

market Selling price of the dollar = 121.750 dinars. 

The price of buying the dollar = 120.750 dinars.

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  • yota691 changed the title to The stability of the exchange rate of the US dollar against the Iraqi dinar

The stability of the exchange rate of the US dollar against the Iraqi dinar

11:08 - 23/08/2018

 
image
 
 

BAGHDAD (Reuters) - 
The exchange rate of the US dollar against the Iraqi dinar stabilized on the Central Struggle Exchange in Baghdad and local markets on Thursday (August 23, 2018). 
The price of the Kifah Stock Exchange - Baghdad 121.400, the same prices on Wednesday. 
Selling and buying prices in the 
money market Selling price of the dollar = 121.750 dinars. 
The price of buying the dollar = 120.750 dinars

 
 
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Thursday, August 23

 

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Alsumaria News / Baghdad 
stabilized the US dollar exchange rates against the Iraqi dinar fight in Baghdad Stock Exchange on the central and local markets on Thursday (August 23, 2018). 

The price of the Kifah Stock Exchange - Baghdad 121.400, the same prices on Wednesday. 

Selling and buying prices in the 

money market Selling price of the dollar = 121.750 dinars. 

The price of buying the dollar = 120.750 dinars.

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Dollar prices are stabilizing in conjunction with the rise in gold

11:24 - 26/08/2018

 
image
 
 

BAGHDAD - News balances 
recorded the dollar exchange rate against the dinar, Sunday, stable in conjunction with the gold rise in the local currency market. 
According to the figures received, the price of selling the dollar in Baghdad was 120 thousand dinars and the purchase price 121 thousand dinars compared to 100 dollars. 
On the Basra Stock Exchange, the selling price today was 121 thousand and 700 dinars, and the purchase price 122 thousand and 750 dinars for one hundred dollars. 
While the price of selling the dollar on the Arbil Stock Exchange today 125 thousand and 250 dinars, the purchase price 125 thousand and 200 dinars compared to $ 100, while yesterday recorded 125 thousand 450 dinars, the purchase price 125 thousand and 400 dinars to $ 100. 
The price of local Iraqi gold rose today at 223 thousand dinars for the weight of one. 
The price of a gold 21 caliber weight, today 223 thousand, while yesterday also recorded the price of 222 thousand.
It is noted that the weight of one gold is equal to 5 grams

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5 hours ago, blueskyline said:

Thank You Yota Buti , wiljor ,Synopsis . GM DV's. I remember years ago .Articles speaking of the dinar Gracefully floating downward to an amount close to 1000 or 1100. Very interesting if that's now taking place ...

I too remember that being posted.  

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  • yota691 changed the title to The high exchange rate of the dollar on the stock exchange and local markets
 
Monday, August 27,
 
 
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BAGHDAD Reuters) -
The exchange rate of the US dollar against the Iraqi dinar rose at the Central Struggle Exchange in Baghdad and local markets on Monday (August 27, 2018). 

The price of the Kifah Stock Exchange - Baghdad 121.400 

Selling and buying prices in the banking shops 

Selling price of the dollar = 122,000 dinars. 

The purchase price of the dollar = 121,000 dinars.

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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
Monday, 27 August 2018 1 186.6998
Sunday, 26 August 2018 1 189.1010
Saturday, 25 August 2018 1 188.7529
Friday, 24 August 2018 1 188.7529
Thursday, 23 August 2018 1 193.0464
Wednesday, 22 August 2018 1 191.9213
Tuesday, 21 August 2018 1 190.9986
Monday, 20 August 2018 1 190.9937

 

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

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  • yota691 changed the title to A new drop for the dollar today in Baghdad
Release date: 2018/8/29 10:43  398 times read
A new drop for the dollar today in Baghdad
Baghdad: foreign currency markets in Baghdad, on Wednesday morning, a decline in the exchange rate of the US dollar against the Iraqi dinar.
The market price in the Kifah Exchange in Baghdad 1206 dinars to the dollar, or 120 thousand and 600 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. 
Prices of foreign, gold, oil , currency, {even the preparation of this news}: 
Euro Global Price: 100 EUR = 116.73 USD 
GBP Global Price: 100 pounds = 128.52 dollars 
Turkish Lira world price: $ 100 = 636.17 Turkish Lira 
price of an ounce global gold = $ 1210.80 
price Brent Crude Oil = $ 75.70 The 
price of a barrel of US crude oil = $ 68.40
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Wednesday, 29 August
 
 
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Alsumaria News / Baghdad
fell US dollar exchange rates against the Iraqi dinar Stock Exchange on the central struggle in Baghdad , local markets on Wednesday (August 29, 2018). 

The price of the Kifah Stock Exchange - Baghdad was 120,600, while yesterday's prices were 120.800. 

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.

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Islamic International Trust Bank opens new branch in Erbil

 

9718.jpg

 

Side of the opening ceremony "Facebook."

  

 Banks

 

Economy News Baghdad

The International Islamic Trust Bank has opened a new branch in Erbil to expand its financial and credit transactions.

"The main objective of this branch is to support the banking sector in general, especially in the Kurdistan region," said the director of the bank Erbil branch, Mustafa Zuhair al-Shawk, in a press statement followed by "Economy News", adding that " To provide services throughout Iraq. "

He added thorns "We try to reflect a positive image of banks in general and the bank confidence in particular through the lines of production that will be provided," reassuring customers, "private banks do not have any fear because they operate according to the conditions and standards of the Central Bank of Iraq.

"The bank represents a qualitative leap in supporting the national economy and the tourism sector. We need more funding from private banks to support small and medium-sized enterprises," said Mawlawi Jabbar, director of Erbil's tourism authority.

The bank's capital is 250 billion dinars.

Views 42   Date Added 08/30/2018

http://economy-news.net/content.php?id=13443

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  • yota691 changed the title to Islamic International Trust Bank opens new branch in Erbil
 
9718.jpg
Side of the opening ceremony "Facebook."
 

 Banks


Economy News Baghdad

The International Islamic Trust Bank has opened a new branch in Erbil to expand its financial and credit transactions.

"The main objective of this branch is to support the banking sector in general, especially in the Kurdistan region," said the director of the bank Erbil Branch, Mustafa Zuhair al-Shawk, in a press statement followed by "Economy News", adding that " To provide services throughout Iraq. "

He added thorns "We try to reflect a positive image of banks in general and the bank confidence in particular through the lines of production that will be provided," reassuring customers, "private banks do not have any fear because they operate according to the conditions and standards of the Central Bank of Iraq.

"The bank represents a qualitative leap in supporting the national economy and the tourism sector. We need more funding from private banks to support small and medium-sized enterprises," said Mawlawi Jabbar, director of Erbil's tourism authority.

The bank's capital is 250 billion dinars.


Views 56   Date Added 08/30/2018

 
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30-08-2018 12:08 PM
image.php?token=d11181bb99794986eeb89faad5aefdf6&size=
 


 

 

The exchange rate of the dollar, on Thursday, rose against the dinar on the Iraqi Stock Exchange. 

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

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 750 dinars, and the purchase price 121 thousand and 750 dinars compared to $ 100.

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  • yota691 changed the title to The stability of the dollar exchange rate against the Iraqi dinar

The stability of the dollar exchange rate against the Iraqi dinar

10:42 - 31/08/2018

 
image
 
 

BAGHDAD - 
The foreign exchange markets in Baghdad, on Friday morning, stabilized exchange rate of the US dollar against the Iraqi dinar. 
The market price in the Kifah Exchange in Baghdad 1206 dinars to the dollar, or 120 thousand and 600 dinars per hundred dollars. 

The prices of selling and buying dollars in the banking companies were as follows: - 
The selling price of the dollar is 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. 

And the price of foreign currency and gold and oil were as follows: - 
Euro World price: 100 euros = 116.73 dollars a 
pound World price: 100 pounds = 130.22 dollars 
Turkish lira World price: 100 $ = 638.67 Turkish lira = the 
price of gold ounce globally = 1204.10 $
The price of a barrel of Brent crude oil = $ 77.70 per 
barrel of US crude oil = $ 70.30

 
 
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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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