Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
Sign in to follow this  
yota691

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

Recommended Posts

The Iraqi dinar exchange Arab and international transactions Friday

Economy | 09:14 - 26/07/2019

 
image
 
 

Baghdad - Mawazeen News 
The prices of Arab and foreign currencies compared to the Iraqi dinar on Friday, the twenty-sixth of July according to the latest updates as follows: 

Foreign currencies
1 US $ = 1,192.7000 Iraqi 
dinars 1 Iraqi dinars = 0.0008 US dollars 

1 euro = 1,329.6559 Iraqi 
dinars 1 Iraqi dinars = 0.0008 euros 

£ 1 = 1,484.7689 IQD 
1 IQD = 0.0007 pounds of 

$ 1 CAD = 906.2726 Iraqi Dinar 
IQD 1 = 0.0011 Canadian dollars to 

$ 1 Australian = 828.5055 Iraqi Dinar 
IQD 1 = 0.0012 Australian dollars 

1 Japanese yen = 10.9849 Iraqi Dinars 
IQD 1 = 0.0910 Japanese yen 

Currency Ala Rabieh
1 Egyptian Pound = 71.8862 Iraqi Dinar 
1 Dinar Iraqi = 0.0139 Egyptian pounds 

1 SAR = 318.0109 Iraqi Dinar 
1 Dinar Iraqi = 0.0031 SAR 

1 AED = 324.7050 Iraqi Dinar 
1 Dinar Iraqi = 0.0031 AED 

1 Sudanese pounds = 26.4493 Iraqi Dinar 
1 Iraqi Dinar = 0.0378 SDG 

1 Algerian Dinar = 9.9684 Iraqi Dinar 
1 Dinar Iraqi = 0.1003 Algerian Dinar 

1 Bahraini Dinar = 3,163.9039 Iraqi Dinar 
1 Dinar Iraqi = 0.0003 BD 

1 JD = 1,682.2261 Iraqi Dinar 
1 Dinar Iraqi = 0.0006 JD 

1 Dinar KWD = 3,916.2570 Iraqi Dinar 
Iraqi Dinar = 0.0003 KWD 

1 LP = 0.7890 Iraqi Dinars
1 Iraqi Dinar = 1.2674 Lebanese Lira 

1 JD = 851.2293 Iraqi Dinar 
Iraqi Dinar = 0.0012 Libyan Dinar 

1 Moroccan Dirham = 124.2836 Iraqi 
Dinar 1 Iraqi Dinar = 0.0080 Moroccan Dirham 

1 Syrian Pounds = 2,3156 Iraqi 
Dinars 1 Iraqi Dinar = 0.4319 Syrian Pounds 

1 Somali Shilling = 2.0627 Iraqi Dinar 
1 Dinar Iraqi = 0.4848 Somali Shilling 

1 Omani Rial = 3,097.8818 Iraqi Dinar 
1 IQD = 0.0003 RO 

QR 1 = 327.5748 Iraqi Dinar 
1 Dinar Iraqi = 0.0031 QR 

TND 1 = 416.2116 Iraqi Dinar 
1 Dinar Iraqi Dinar = 0.0024 Tunisian Dinars 

1 Yemeni Riyal = 4.7632 Iraqi 
Dinars 1 Iraqi Dinar = 0.2099 Yemeni Riyals 

1 Djibouti Franc = 6,6987 Iraqi Dinars
1 Iraqi Dinar = 0.1493 Djibouti Franc. End n / a

  • Like 1
  • Thanks 1
  • Upvote 3

Share this post


Link to post
Share on other sites

The low exchange rate of the dollar against the Iraqi dinar

Economy | 11:06 - 01/08/2019

 
image
 
 


BAGHDAD (Reuters) - The 
price of the dollar fell slightly on the Central Kifah Stock Exchange in Baghdad, while stabilized in all domestic markets on Thursday, August 1, 2019. 
Prices of the Kifah Stock Exchange - Baghdad 120.100, while Wednesday prices were 120.150. 
Selling and buying prices in the banking 
market Selling price of the dollar = 120,500 dinars. 
The price of buying the dollar = 119.500 dinars

  • Thanks 1
  • Upvote 4

Share this post


Link to post
Share on other sites

Foreign exchange rates, gold and oil for Thursday

Economy | 12:35 - 01/08/2019

 
image
 
 

BAGHDAD - Mawazine News 
Foreign exchange prices, gold and oil on Thursday 2019/8/1. 
Altoman Iranian 
 1200/100 $ 
Turkish Lira 
 560 / $ 100 
lira Syrian 
60,200 / $ 100 
price of a barrel of Brent crude oil 
$ 64.37 
crude oil price of Basra Light 
$ 67.39 
price whit gold in Iraq , the Iraqi dinar 
 caliber 24 
269.250 
21 carat 
236,000 
price per ounce of gold worldwide caliber 24 
$ 1,404.17. Ending 29 / p

  • Upvote 4

Share this post


Link to post
Share on other sites

The dollar is stabilizing against the Iraqi dinar

Economy | 02:16 - 03/08/2019

 
image
 
 

BAGHDAD - 
The Iraqi dinar exchange rate stabilizes on Saturday, 2019/8/3. Bazaar of the 
struggle 
120.075 
in the Sarafat Baghdad 
119.500 
120.500 
Basra .. Mosul Bourse 
120.250 
Arbil Bursa 
120.200. Ended 29 /

  • Upvote 4

Share this post


Link to post
Share on other sites

Foreign exchange rates and gold for Sunday

Economy | 12:21 - 04/08/2019

 
image
 
 

BAGHDAD - scales News 
published / scales News /, foreign, gold and oil prices , currency prices for on Sunday , August 4, 2019 
Altoman Iranian 
 1160/100 $ 
Turkish Lira 
 556 / $ 100 
lira Syrian 
60.000 / $ 100 
Euro 
$ / 100 € 1.11 
price of a barrel of oil , Brent crude / closed 
$ 61.29 
crude oil price of Basra light / closed 
$ 63.13 
price whit gold in Iraq , the Iraqi dinar 
 caliber 24 
275.750 
21 carat 
241.250 
price per ounce of gold worldwide 24 - carat / closed 
$ 1,440.64 .anthy 29 / p

  • Upvote 2

Share this post


Link to post
Share on other sites
 
16591.jpg
 
  

Economy News _ Baghdad

Foreign exchange markets in Baghdad, on Tuesday, stabilized at the exchange rate of the US dollar against the Iraqi dinar. 
The market price in the Kifah Stock Exchange in Baghdad was 1201 dinars per dollar, ie 120 thousand and 100 dinars per hundred dollars. 
The prices of selling and buying dollars in the banking companies, was: 
the sale price of one dollar 1205 dinars, or 120 thousand and 500 dinars per hundred dollars. 
The purchase price of the dollar is 1195 dinars, or 119 thousand and 500 dinars per hundred dollars. 
The price of foreign currency, gold and oil until the preparation of this news: 
EUR World price: 100 euros = 112.03 dollars a 
pound International price: 100 pounds = 121.55 
Turkish lira World price: 100 $ = 554.13 Turkish lira 
Price per ounce of gold worldwide 1463.70 dollars 
Brent crude oil = $ 60.45
The price of a barrel of US crude oil = $ 55.30.

 

Views 1   Date Added 08/06/2019

 
  • Upvote 4

Share this post


Link to post
Share on other sites

Foreign exchange rates and gold for Thursday

Economy | 11:15 - 08/08/2019

 
image
 
 

BAGHDAD - Mawazine News 
published / Mawazine News /, foreign currency and gold prices on Thursday 8/8/2019. 
Altoman Iranian 
 1195 / $ 100 
Turkish Lira 
 547/100 $ 
Lira Syrian 
60.300 / $ 100 
Euro € 
 1.1217 
price of a barrel of Brent crude oil 
$ 57.52 
Basra crude oil price light  
$ 58.22 
price whit gold in Iraq , the Iraqi dinar 
 caliber 24 
281.750 
21 carat 
251.750 
price per ounce Gold globally caliber 24 
$ 1,497.73

  • Upvote 3

Share this post


Link to post
Share on other sites

The stability of the dollar prices against the dinar

Economy | 12:13 - 11/08/2019

 
image
 
 

BAGHDAD - The 
stability of the dollar exchange rates in the stock market struggle and local markets, Sunday, (August 11, 2019). 
The prices of the Stock Exchange struggle - Baghdad 120.100 dinars for $ 100, the same prices for Saturday. 
Selling and buying prices in banking shops: 
selling price of the dollar = 120.500 dinars. 
The purchase price of the dollar = 119.500 dinars

  • Thanks 1
  • Upvote 3

Share this post


Link to post
Share on other sites

Periodically, I check the internet vendor sites for Bicraqi Iraqi Dinar availability AND pricing. Due to forum rules, I won't note the links or the names of the vendors just want to present for INFORMATION ONLY. THIS IS NOT PUMPING DINAR SALES. THE INFORMATION MAY BE HELPFUL IN UNDERSTANDING PHYSICAL Bicraqi Iraqi Dinar AVAILABILITY LENDING TO POTENTIAL SHORTAGES WITH SUBSEQUENT POTENTIAL DEMAND VALUE INCREASE.

 

image.thumb.png.46bb271145109d775540ca96162bdde5.png

 

Red - out of stock

Green - in stock

Yellow - wants way too much information to get prices

Blue - does not note in stock but does show the quantity available.

 

For each denomination, there are two columns each for the uncirculated and circulated. For each uncirculated and circulated, there are two columns. The column on the left is the noted maximum lot quantity and the column on the right is the price per million even though more or less may be available for that item. The extra numbers in the middle row are for the second to the bottom vendor who chose to divide up the respective note categories so can basically be ignored.

 

The top four are ones I believe are the most accurate for availability even though I can't note who they are. Recently, the 50,000 uncirculated notes popped up which is surprising to me. A couple sites dried up on circulated 25,000 which is somewhat surprising while the 10,000 and 5,000 notes are getting more scarce.

 

What is amazing is one vendor has 1,000, 500, and 250s for sale. This surprises me since I would think these would be the most in demand in Iraq if a currency denomination change is to occur. Overall, I would think the foreign availability of Bicraqi Iraqi Dinar would go down since there is a finite amount printed and the circulated notes would wear out and have to be replaced with uncirculated. I suspect the Bicraqi Iraqi CBI is needing USD so is selling the Bicraqi Iraqi Dinar notes to foreign vendors. The Insanians may have something to do with THIS, too, for access to USD. I suspect the licensed internet vendors have to verify the authenticity of the Bicraqi Iraqi Dinars so likely any counterfeits remain in Iraq - likely in circulation.

 

As of today, the overall availability is reduced compared to other times although the availability has been this low or lower in the past with various categories.

 

Enjoy!

 

Go Moola Nova!

:pirateship:

  • Thanks 3
  • Upvote 4

Share this post


Link to post
Share on other sites

Iraqi Dinar Exchange on the Arab and international Thursday

By AhadNA1 15/08/2019 09:14 AM | Number Of Hits: 178

Iraqi Dinar Exchange on the Arab and international Thursday

 

The prices of Arab and foreign currencies compared to the Iraqi dinar on Thursday, the fifteenth of the month of August 2019 according to the latest updates as follows:

 

 

 

 

 foreign currency

1 US Dollar = 1,197.1100 Iraqi Dinars

1 Iraqi Dinar = 0.0008 US Dollar

1 Euro = 1,334.9443 Iraqi Dinars

1 Iraqi Dinar = 0.0007 Euro

1 British Pound = 1,443.2993 Iraqi Dinars

1 Iraqi Dinar = 0.0007 British Pounds

1 Canadian Dollar = 899.8053 Iraqi Dinar

1 Iraqi Dinar = 0.0011 Canadian Dollar

1 Australian Dollar = 812.0019 Iraqi Dinar

1 Iraqi Dinar = 0.0012 Australian Dollars

1 Japanese Yen = 11.3040 Iraqi Dinars

1 Iraqi Dinar = 0.0885 Japanese Yen

Arabic Currencies

1 Egyptian Pound = 72.1129 Iraqi Dinar

1 Iraqi Dinar = 0.0139 Egyptian Pound

1 Saudi Arabian Riyal = 319.1357 Iraqi Dinar

1 Iraqi Dinar = 0.0031 Saudi Riyal

1 United Arab Emirates Dirham = 325.9056 Iraqi Dinar

1 Iraqi Dinar = 0.0031 United Arab Emirates Dirham

1 Sudanese Pound = 26.5399 Iraqi Dinar

1 Iraqi Dinar = 0.0377 Sudanese Pound

1 Algerian dinar = 9.9976 Iraqi dinars

1 Iraqi Dinar = 0.1000 Algerian Dinar

1 Bahraini Dinar = 3,175.1812 Iraqi Dinars

1 Iraqi Dinar = 0.0003 Bahraini Dinar

1 Jordanian Dinar = 1,688.4461 Iraqi Dinar

1 Iraqi Dinar = 0.0006 Jordanian Dinar

1 Kuwaiti Dinar = 3,933.6048 Iraqi Dinar

1 Iraqi Dinar = 0.0003 Kuwaiti Dinar

1 Lebanese Pound = 0.7893 Iraqi Dinar

1 Iraqi Dinar = 1.2670 Lebanese Pounds

1 Libyan Dinar = 853.1954 Iraqi Dinar

1 Iraqi Dinar = 0.0012 Libyan Dinar

1 Moroccan Dirham = 125.3234 Iraqi Dinar

1 Iraqi Dinar = 0.0080 Moroccan Dirham

1 Syrian Pound = 2.3254 Iraqi Dinar

1 Iraqi Dinar = 0.4300 Syrian Pounds

1 Somali Shilling = 2.0625 IQD

1 Iraqi Dinar = 0.4849 Somali Shilling

1 Omani Rial = 3,109.0213 Iraqi Dinar

1 Iraqi Dinar = 0.0003 OMR

1 Qatari riyal = 325.9260 Iraqi Dinars

1 Iraqi Dinar = 0.0031 Qatari Riyals

1 Tunisian Dinar = 417.3296 Iraqi Dinars

1 Iraqi Dinar = 0.0024 Tunisian Dinar

1 Yemeni rial = 4.7817 Iraqi dinars

1 Iraqi Dinar = 0.2091 Yemeni Rial

1 Djiboutian franc = 6.7244 Iraqi Dinars

1 Iraqi Dinar = 0.1487 Djiboutian francs

  • Thanks 3
  • Upvote 1

Share this post


Link to post
Share on other sites
6 hours ago, yota691 said:

The prices of Arab and foreign currencies compared to the Iraqi dinar on Thursday, the fifteenth of the month of August 2019 according to the latest updates as follows:

 

 

 

 

 foreign currency

1 US Dollar = 1,197.1100 Iraqi Dinars

 

 

WOWZERS!!!

 

Hey, hEY, HEY EVERYBODAE'!!!

 

Lookie HERE:

 

image.png.e01c578f109d6fefd2dc1b3682882d7a.png

 

https://www.xe.com/currencycharts/?from=USD&to=IQD&view=1D

 

Looks LIKIE 1,197.1 Bicraqi Iraqi Dinar = 1 USD to ME on XE!!!

 

LOOKIN' GGGOOOOOODDD!!!!!!!!!!!!!!!!!!!!!

 

Maybe BABY THEE Completion OF Eid al-Adha (TODAY!!!, August 15) AND/OR Bicraqi Iraqi New Year (Friday/Saturday August 30/31) to "remove" THEE "three (1)" "zeroes"!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

Go Moola Nova!

:pirateship:

  • Like 4
  • Haha 1
  • Confused 1
  • Upvote 3

Share this post


Link to post
Share on other sites
9 minutes ago, Synopsis said:

 

WOWZERS!!!

 

Hey, hEY, HEY EVERYBODAE'!!!

 

Lookie HERE:

 

image.png.e01c578f109d6fefd2dc1b3682882d7a.png

 

https://www.xe.com/currencycharts/?from=USD&to=IQD&view=1D

 

Looks LIKIE 1,197.1 Bicraqi Iraqi Dinar = 1 USD to ME on XE!!!

 

LOOKIN' GGGOOOOOODDD!!!!!!!!!!!!!!!!!!!!!

 

Maybe BABY THEE Completion OF Eid al-Adha (TODAY!!!, August 15) AND/OR Bicraqi Iraqi New Year (Friday/Saturday August 30/31) to "remove" THEE "three (1)" "zeroes"!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

Go Moola Nova!

:pirateship:

Bro what are you looking at..I need this to hit so we can meet up and you can provide that Mike Tyson 40k a month weed for me haha

  • Haha 6

Share this post


Link to post
Share on other sites
41 minutes ago, Synopsis said:

 

WOWZERS!!!

 

Hey, hEY, HEY EVERYBODAE'!!!

 

Lookie HERE:

 

image.png.e01c578f109d6fefd2dc1b3682882d7a.png

 

https://www.xe.com/currencycharts/?from=USD&to=IQD&view=1D

 

Looks LIKIE 1,197.1 Bicraqi Iraqi Dinar = 1 USD to ME on XE!!!

 

LOOKIN' GGGOOOOOODDD!!!!!!!!!!!!!!!!!!!!!

 

Maybe BABY THEE Completion OF Eid al-Adha (TODAY!!!, August 15) AND/OR Bicraqi Iraqi New Year (Friday/Saturday August 30/31) to "remove" THEE "three (1)" "zeroes"!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

Go Moola Nova!

:pirateship:

 

 Forgive me because I have a lot going on and just moved across the country in and I am getting settled again-but did the rate change? I thought it was already that rate for a while now?

  • Thanks 1
  • Upvote 1

Share this post


Link to post
Share on other sites
2 hours ago, Arceo said:

Bro what are you looking at..I need this to hit so we can meet up and you can provide that Mike Tyson 40k a month weed for me haha

 

:lmao:   :lmao:   :lmao:

 

:twothumbs: Hey, Do NOT Get Lost In The "weeds", Arceo, AND The Very Best Of The Rest Of Your Week AND Up Coming Weedless Weekend To You!!! :tiphat:

 

2 hours ago, climber7 said:

 

 Forgive me because I have a lot going on and just moved across the country in and I am getting settled again-but did the rate change? I thought it was already that rate for a while now?

 

:twothumbs: No Change In Rate As I Know CURRENTLY, Climber7, AND The Very Best Of The Rest Of Your Week AND Up Coming Weekend To You!!! :tiphat:

 

THEE INTERESTING Thing IS THEE PUBLISHED Bicraqi Iraqi Dinar Exchange Rate CLOSELY MATCHES THEE XE "secondary" "platform" Bicraqi Iraqi Dinar Exchange Rate.

 

Maybe BABY MY (NOTE: MY) "personal" "opinion" IS THEE EXTERNAL "platforms" ALL NEED TO "match" THEE Bicraqi Iraqi Exchange Rate Platform For THEE ReInstatement TO "roll" "out" SMOOTHLY.

 

Go Moola Nova!

:pirateship:

  • Like 5
  • Thanks 2
  • Upvote 3

Share this post


Link to post
Share on other sites
3 minutes ago, Synopsis said:

 

:lmao:   :lmao:   :lmao:

 

:twothumbs: Hey, Do NOT Get Lost In The "weeds", Arceo, AND The Very Best Of The Rest Of Your Week AND Up Coming Weedless Weekend To You!!! :tiphat:

 

 

:twothumbs: No Change In Rate As I Know CURRENTLY, Climber7, AND The Very Best Of The Rest Of Your Week AND Up Coming Weekend To You!!! :tiphat:

 

THEE INTERESTING Thing IS THEE PUBLISHED Bicraqi Iraqi Dinar Exchange Rate CLOSELY MATCHES THEE XE "secondary" "platform" Bicraqi Iraqi Dinar Exchange Rate.

 

Maybe BABY MY (NOTE: MY) "personal" "opinion" IS THEE EXTERNAL "platforms" ALL NEED TO "match" THEE Bicraqi Iraqi Exchange Rate Platform For THEE ReInstatement TO "roll" "out" SMOOTHLY.

 

Go Moola Nova!

:pirateship:

 

 

Thxs Syn, I really appreciate the great breakdown of articles you do for us.

 

  Cheers, have a great up coming week end.

 

  pp

  • Like 3
  • Thanks 1
  • Upvote 1

Share this post


Link to post
Share on other sites
1 hour ago, pokerplayer said:

 

 

Thxs Syn, I really appreciate the great breakdown of articles you do for us.

 

  Cheers, have a great up coming week end.

 

  pp

 

:twothumbs: Thank You AND Glad To, PokerPlayer, AND The Very Best Of The Rest Of Your Week AND Up Coming Weekend To You, TOO!!! :tiphat:

 

LOTS of GREAT folks HERE with ALL kinds of insights AND breakdowns!!!

 

Go Moola Nova!

:pirateship:

  • Like 1
  • Thanks 1

Share this post


Link to post
Share on other sites
2 hours ago, Synopsis said:

 

:lmao:   :lmao:   :lmao:

 

:twothumbs: Hey, Do NOT Get Lost In The "weeds", Arceo, AND The Very Best Of The Rest Of Your Week AND Up Coming Weedless Weekend To You!!! :tiphat:

 

 

:twothumbs: No Change In Rate As I Know CURRENTLY, Climber7, AND The Very Best Of The Rest Of Your Week AND Up Coming Weekend To You!!! :tiphat:

 

THEE INTERESTING Thing IS THEE PUBLISHED Bicraqi Iraqi Dinar Exchange Rate CLOSELY MATCHES THEE XE "secondary" "platform" Bicraqi Iraqi Dinar Exchange Rate.

 

Maybe BABY MY (NOTE: MY) "personal" "opinion" IS THEE EXTERNAL "platforms" ALL NEED TO "match" THEE Bicraqi Iraqi Exchange Rate Platform For THEE ReInstatement TO "roll" "out" SMOOTHLY.

 

Go Moola Nova!

:pirateship:

 

Thanks for the explanation 👍

  • Thanks 1

Share this post


Link to post
Share on other sites

The stability of the dollar exchange rate against the Iraqi dinar

Economy | 12:05 - 16/08/2019

 
image
 
 

BAGHDAD - News balances 
recorded the dollar exchange rate against the dinar, on Friday, stable exchange struggle and local markets. 
The exchange rate of the dollar on the Stock Exchange struggle, 120 thousand and 100 dinars against 100 dollars. 

Selling and buying prices in local markets for Friday: 
Selling price: 120 thousand and 500 dinars. 
Purchase price: 119 thousand and 500 dinars

  • Thanks 1
  • Upvote 3

Share this post


Link to post
Share on other sites
On 8/1/2019 at 4:14 AM, yota691 said:

The low exchange rate of the dollar against the Iraqi dinar

Economy | 11:06 - 01/08/2019

 
image
 
 


BAGHDAD (Reuters) - The 
price of the dollar fell slightly on the Central Kifah Stock Exchange in Baghdad, while stabilized in all domestic markets on Thursday, August 1, 2019. 
Prices of the Kifah Stock Exchange - Baghdad 120.100, while Wednesday prices were 120.150. 
Selling and buying prices in the banking 
market Selling price of the dollar = 120,500 dinars. 
The price of buying the dollar = 119.500 dinars

A step in the right direction. At least its not 1400 or 1282 IQD per USD anymore. Still a long way away.

Share this post


Link to post
Share on other sites
7,126 views
 

The exchange rate of the dollar rose on the stock exchange and local markets, on Sunday, (18 August 2019).

And the prices of the Stock Exchange struggle - Baghdad 120.300 dinars for $ 100, while prices were on Saturday 120.100 dinars. 

Selling and buying prices in banking shops: 

selling price of the dollar = 120.750 dinars. 

The purchase price of the dollar = 119.750 dinars.
  • Upvote 2

Share this post


Link to post
Share on other sites

After a long stability .. The dollar rises against the Iraqi dinar

Economy | 11:18 - 18/08/2019

 
image
 
 

 

 

Baghdad - Mawazine News

The exchange rate of the dollar rose on the stock exchange and local markets, on Sunday, (18 August 2019). 
And the prices of the Stock Exchange struggle - Baghdad 120.300 dinars against $ 100, while prices were on Saturday 120.100 dinars. 
Selling and buying prices in banking shops: 
selling price of the dollar = 120.750 dinars. 
The purchase price of the dollar = 119.750 dinars

  • Thanks 1
  • Upvote 2

Share this post


Link to post
Share on other sites
 
16651.jpg
 
  

 Market


Economy News _ Baghdad

The exchange rate of the dollar rose on the stock exchange and local markets, on Sunday, (18 August 2019). 
And the prices of the Stock Exchange struggle - Baghdad 120.300 dinars against $ 100, while prices were on Saturday 120.100 dinars. 
Selling and buying prices in banking shops: 
selling price of the dollar = 120.750 dinars. 
The purchase price of the dollar = 119.750 dinars.


Views: 35   Date Added: 18/08/2019

 
  • Thanks 1
  • Upvote 2

Share this post


Link to post
Share on other sites

Yota, thank you as always for all your posts. What I am attempting to wrap my old brain around is if this is a good thing or what? When they RV will this encourage them to come in a bit higher due to the US $ being higher? Will it encourage them to make a move? Or will it perhaps cause a delay? I know... its Iraq and only they know when and how much. But I appreciate any input from our DV followers.

  • Like 1
  • Upvote 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.



  • Similar Content

    • By TrinityeXchange
      hello again my friends.  its your bud here with another   worth of a take on what i see happening within the borders called iraq.  and it is really good news from my vantage point!  the topic of this opinion piece is the '6 major factors that influence an exchange rate'.  i will cover each factor briefly in reference to iraq and hope to derive whether or not those invested are either in a good or bad position. 
       
      as many know, the importance of an exchange rate revolves around one country's trading relationships with other nations.  trade relationships is the sole purpose of an exchange rate.  where there is no international trade, an exchange rate tied to a currency has no domestic significance.  with this in mind lets peer into the 6 factors of exchange rate influence between iraq and its trading partners.
       
      1) Inflation - iraq has done a fantastic job steering its inflation rate.  the latest report (aug 2015) has inflation at 2.2%.  some economists would mark this as the ideal inflation rate.  this places iraq is a great position with trading partners for determining a strong exchange rate to the iqd.
       
      2) Interest Rates - iraq has maintained a steady interest rate of 6% over the last 5 years.  compared to other nations, it is a phenomenal rate.  the importance here is the attractiveness it has to foreign investors.  should iraq sure up the security situation with daesh and clean up political corruption, foreign investors might feel confident enough to pour funds into iraq at these rates.
       
      3) Current-Account - iraq has done quite well between trading partners and has held a positive current account balance (exports vs imports) over the previous 9 years except for 2010.  oil is its primary export and it has been strong enough a commodity to keep iraq experiencing gains in its current accounts.  as iraq build its non-oil sector through the plan for increased industry and agriculture, exports should increase and it will be reflected in the current account.  
       
      4) Public Debt - this is where the hidden gem is revealed and the reason for the title of my opinion piece.  everything in the papers speak to iraq's "deficit financing".  however for some reason it appears to be seen in a negative light.  my opinion is much different.  not all debt is good but in this instant i definitely believe it is.  when most developing nations look to expand its economic markets as iraq is doing, there will be an inevitable deficit to fiscal policy (the budget).  in the short term, this is a very very good thing!  where most under developed nations utilize deficit financing for payment of domestic and foreign loans, this does not hold true for iraq.  iraq is using this tool as developed nations would, for capital formation for economic growth and boosting the private sector.  this type of debt is the best stimulate for the economy in the short term.  (here is a good slide-show presentation explaining deficit financing.)
       
      5)  Terms of Trade - balance of trade for iraq is simply outstanding and last reported at approximately $40B usd ($44B previous year).  compared to turkey (-$6B usd), japan (-$268B yen), germany $24B eur.  i would say that iraq comparatively has a case for a strong dinar.  its current accounts and balance of trades are unbeatable (maybe a little exaggeration there).
       
      6) Political Stability & Economic Performance - well, you can't shine everywhere  .  unfortunately this important piece is dragging iraq down.....and i mean wayyyyyyyy down.  nobody in their right mind want to stick hundreds of millions in an environment like this.  this area alone is holding iraq back the most.  all things considered, if this one area is corrected there is no reason why foreign investment wont flood the country and the domestic currency surge in demand.  
       
      there you have it gang.  hopefully this piece wasn't too long.  this should give us all a solid overview of the factors that influence the dinars TRUE exchange rate the most.  from it we should be able to make a sound judgement on where the currency is headed and whether or not we want to remain involved. 
       
      be blessed!  
    • By TrinityeXchange
      Current events in Iraq reveal the government is preparing to privatize in an effort to liberalize the market or best put institute a market economy.  Why would Iraq decide such drastic change to its centrally managed economy?  One short answer is that its budget deficit revealed economic fragility.  Iraq finds itself in a precarious situation since its macroeconomic stability, as recently revealed, is tied to factors outside of its own control. 
       
      A critical factor of oil price volatility, and the affect it has on developing oil producing economies pegged to the dollar, is known as terms-of-trade shock. (Nikola Spatafora and Andrew Warner completed an interesting research paper addressing this specific issue - read more). In a Sebastian Edwards article "Flexible exchange rates as shock absorbers", he states: 
       
      We find evidence suggesting that terms of trade shocks get amplified in countries that have more rigid exchange rate regimes. We also find evidence of an asymmetric response to terms of trade shocks: the output response is larger for negative than for positive shocks. Finally, we find evidence supporting the view that, after controlling for other factors, countries with more flexible exchange rate regimes grow faster than countries with fixed exchange rates.
       
      Supporters of flexibility, on the other hand, have argued that under floating exchange rates the economy has a greater ability to adjust to external shocks.  According to this view, which goes back at least to Meade (1951), countries with a flexible exchange rate system will be able to buffer real shocks stemming from abroad. This, in turn, will allow countries with floating rates to avoid costly and protracted adjustment processes.
       
      continued research reveals that Edwards is not alone in his findings concerning the dangers of rigid exchange rates for market based economies.  Jbili of the IMF's Finance & Development Magazine wrote an article entitled "Should MENA Countries Float or Peg?" examining 6 MENA countries and their exchange regime.  I note some of the identical remarks.....
       
      The prevailing view now is that increasing flexibility in exchange rate management would help countries deal with external shocks, reduce the risk of banking crises, and contribute to financial stability. There are, of course, dissenters who argue in favor of intermediate regimes, stressing the difficulty developing countries have in meeting the preconditions for a successful float and the negative impact of excessive exchange rate volatility on investment and growth.
       
      The above country-by-country analysis indicates that exchange rate regimes in the six countries had varying degrees of success. Exchange regimes in Jordan, Morocco, and Tunisia have not recently come under pressure, because real shocks were relatively manageable and macroeconomic policies were generally consistent with the choice of exchange rate regime. In contrast, the recurrent pressures in the foreign exchange markets of Egypt and Lebanon demonstrate that vulnerability to real exogenous shocks, volatile capital inflows (Egypt), and large structural fiscal deficits financed by heavy domestic and foreign borrowing (Lebanon) are incompatible with a pegged exchange rate. 
       
      Popular opinion through much research shows that it is quite favorable for developing countries to free themselves from a fixed peg toward a more flexible exchange rate regime in order to protect their economies from terms of trade shock.  A great example of this is Egypt by 1986 where the country began to experience serious macroeconomic imbalances and a dramatic fall in growth characterized by budget deficits of 17% of GDP.  Egypt launched its Economic Reform Program to address dire economic conditions which really took off by 2003 for further liberalization of the economy.  In 2003, the government began floating the rate of exchange of the Egyption pound, releasing it from its peg to the dollar (read more).   Although Egypt continues to struggle with its economy for numerous reasons, it stands to reason that Iraq would be in a much better place should it head in the same direction.
       
      There are preconditions to a successful release from the peg and toward a flexible exchange regime.  The country must establish a sound market economy, political energy must be aligned with it, a sound financial sector must be established, and capital markets should be in operation.  Everything we see Iraq doing tells us the country's intent is to float the dinar.  Government controlled economics with rigid exchange regimes can be the death of a country whose economy is subject to highly violatile exogenous terms of trade shock.  It's tie to the dollar can create years of deficits.  Iraq must take control of its economic future.  It must liberalize its economy, harmonize its political landscape and float its currency.
       
      all of this is my 2c on the matter through my own research.  take it for no more than that.
      be blessed my friends
    • By noor
      i found good news and every body say prayer for RV From the heart  Go Rv

         
    • By yota691
      Economics Committee: orientation private banks to sell the dollar at a rate less than the central bank will support the stability of the dinar exchange rate 20-06-2013 03:36 PM
      Baghdad (news) .. Praised the committee of economy and investment parliamentary by-step some private banks to sell foreign currency at a lower price from price announced by the central bank, which will contribute to the stability of the Iraqi dinar exchange rate against the U.S. dollar. said decision of the Committee MP / coalition Aktl Kurdish / Mahma Khalil (of the Agency news): The private banks and government have a link with the Central Bank on the subject of buying and selling foreign currency in order to taking him to the citizen, whether inside or outside Iraq. added: that the price of the dollar at the Central Bank of Iraq and the installer in the federal budget (1166) dinars, and sold to local banks at (1179) to be (13) dinars per dollar commission, and the banks in turn sells to the citizen and the owners of capital at a price (1189) dinars. between: the trend that has done some private banks to sell the dollar less than Advertised price is a positive step towards supporting and price stability dinar which is witnessing a sharp fluctuation its price during the current period. This has three banks announced a civil sell the dollar at a lower price than announced by the central bank, so as to support the exchange rate of the Iraqi dinar. / End / 8. j. n /
  • Popular Now

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.