Stability of the exchange rate of the Iraqi dinar and some currencies at closing
Rafidain Bank raises its branches to 164 branches and confirms his quest to expand his work in Iraq
Saturday October 292 016 11:17
Alsumaria News / Baghdad
It announced the Rafidain Bank , Saturday, for the high number of its branches to 164 branch
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 th
