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A government source identifies the reasons for the low exchange rate of the dollar in Iraq


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Where is the dollar going? It crosses the 150 thousand barrier and expectations are that it will rise to record levels

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Economie07:32 - 09/06/2021

 

 

Baghdad - Mawazine News
The dollar exchange rate continued to rise against the Iraqi dinar, reaching more than 150 thousand for the first time since the decision to raise the exchange rate of the dollar at the beginning of last December.
The exchange shops in some provinces traded the purchase price of the $100 at 150,500 dinars, compared to 151,000 for sale, and this figure has not been reached in Iraq since 2008, according to observers.
The selling price in the capital's money exchange shops was 150,750 Iraqi dinars for 100 US dollars. The purchase price was 149,750 Iraqi dinars for 100 US dollars.
The Parliamentary Finance Committee suggested that the dollar exchange rate against the Iraqi dinar would rise to more than 160 thousand dinars for every 100 US dollars.
Committee member Jamal Cougar said, "The legislative authority does not have the power to stop the manipulation of the dollar's exchange rate against the dinar in the Iraqi markets."
He added, "The Ministry of Finance and the Central Bank bear responsibility for what is happening and what will happen in the coming days in this regard," adding that "the exchange rate will likely reach more than 160 thousand dinars per 100 US dollars if the government does not impose deterrent measures to control it." Ended 29 / h

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Ya gotta admire the willful, determination & tenacity of these criminals to continue to drag ALL of this through the weeds for 18 years while still bending over and dry humping an entire country and it’s citizens .... all the while cramming more$$$$$ into already bloated overseas bank accounts.

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A continuous rise in the exchange rates of the dollar in the local markets

909025-689bc055-a549-4aa5-ace2-cd81b7801
Baghdad / NINA / - The dollar exchange rates continued to rise, on Wednesday, in the main stock exchange and local markets.

Today, the Al-Kifah and Al-Harithiya Stock Exchange in Baghdad recorded 150,000 dinars, for each $100 bill.

The prices of buying and selling the dollar also increased in banking offices and local markets in Baghdad, where the selling price reached 150,500 dinars, for each paper denomination of 100 dollars, while the purchase prices amounted to 149,500 dinars, for each paper denomination of 100 dollars. /finished8
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  •  Time: 06/09/2021 18:49:15
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A new rise in the dollar in evening trading
  
{Economic: Al Furat News} The dollar exchange rates witnessed a new rise against the Iraqi dinar during evening trading.


 

The prices in the exchange offices reached:
The selling price of the dollar ⬅️ 150,750
The purchase price of the dollar ⬅️ 149,750

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The exchange rates of the dollar rose against the Iraqi dinar, today, Wednesday, in the Iraqi market.

The selling price was 150,750 Iraqi dinars for 100 US dollars. The purchase price was 149,750 Iraqi dinars for 100 US dollars.
 
 
 
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An economist reveals who is behind raising the dollar and evaluates the central bank’s action
  
{Economic: Al Furat News} An economic expert revealed who is behind the rise in the dollar exchange rate in the Iraqi markets for several days.
 

Bassem Jamil Antoine told {Euphrates News}, "There is a demand and an offer. The demand for the dollar is still in line, but there is manipulation by some personalities who exploit the process greatly, in addition to banks that exploit and monopolize this process in selling the dollar to them, although the commercial demand is limited and not so." The level is what causes the dollar to rise.”

He pointed out that "the Central Bank of Iraq's action to sacrifice larger quantities of dollars through the currency sale window, as it wants to feed the growing demand and limit the increase in supply and large demand," stressing that "the banks trade in the process and benefit from it."

He added, "The increase in central bank sales for the purpose of reducing the price of the dollar because there is a rise in prices and monetary inflation, so the bank tries to stabilize the financial market and prevent and limit speculation, pumping quantities and creating a balance between supply and demand because economic activity in general is weak and not at the required level."

It is noteworthy that the local markets in Iraq have witnessed a significant rise in the exchange rate of the dollar for days, which exceeded more than 1500 dinars.

The Central Bank also sold through the currency auction, and for the second day, the highest amount of the dollar, as it exceeded today, Thursday, 218 million dollars, which is an unprecedented amount since the bank raised the price of the dollar on January 19 last.

Forgiveness of Lights 

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Clarification from the Central Bank regarding statements attributed to the Deputy Governor regarding the exchange rate of the dinar
 
 

  

Baghdad - people  

On Friday, the Central Bank denied statements attributed to the Deputy Governor regarding the value of the Iraqi dinar exchange rate.  

  

 

  

  

And the bank stated in a statement, “Nass” received a copy of it, (June 11, 2021), that “the Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, is lying statements attributed to him,” stressing “there is no truth to the news circulated to me about the value of the Iraqi dinar exchange at a price of 2,400 dinars.”  

The statement added, "This news is untrue and is the creation of the enemy's electronic armies of the Iraqi people, which do not want good for the economy in the country."

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On 6/6/2021 at 4:40 PM, Karsten said:

So I am just wondering what it was that caused "Simonegirl" to give my Opinion the Red Ruby.....Just wondering or maybe she is a zeffy Fan.......

 

Karsten

Let it go my friend , just let it go . A hater is gonna hate. Don't feed their hate by caring why they hate . Just pray for them .

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  •  Time: 06/12/2021 09:52:27
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Dollar exchange rates for Saturday
  
{Economic: Al Furat News} The exchange rate of the dollar against the dinar varied in the governorates' exchanges.
 

Exchange rate (approximate)  

149,500  

150,500  

Basra / Bursa  

150,200  

Mosul / Bursa  

150,400  

Raghad Daham

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 2021-06-13 07:21
 

Shafaq News/ The exchange rates of the US dollar against the Iraqi dinar stabilized on Sunday in the main stock exchange in the capital, Baghdad, while the price of the dollar fell in Kurdistan Region.

Shafak News Agency correspondent said that the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded today, 150100 Iraqi dinars for 100 US dollars, which are the same prices recorded on Saturday morning.

Our correspondent indicated that buying and selling prices have stabilized in banking shops in the local markets in Baghdad, where the selling price amounted to 150,500 Iraqi dinars, while the purchase prices amounted to 149,500 dinars per 100 US dollars.

In Erbil, the capital of the Kurdistan Region, dollar prices witnessed a decrease, as the selling price reached 150,000 dinars per hundred dollars, and the purchase price was 149,500 dinars per hundred dollars.

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 2021-06-12 10:32
 

Shafaq News/ The exchange rate of the dollar stabilized against the Iraqi dinar, on Saturday, with the closure of the main stock exchange in the capital, Baghdad.

 

Shafak News Agency correspondent stated that the Central Kifah and Al-Harithiya Stock Exchange closed in Baghdad at 150,100 Iraqi dinars for 100 US dollars, which is the same price recorded during the opening of the stock exchange this morning.

 

Our correspondent indicated that buying and selling prices also stabilized in banking shops in the local markets in Baghdad, where the selling price amounted to 150,500 Iraqi dinars, while the purchase prices amounted to 149,500 dinars per 100 US dollars.

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 2021-06-14 03:43
 

Shafaq News/ The exchange rates of the US dollar rose against the Iraqi dinar, on Monday, in the main stock exchange in the capital, Baghdad, and the Kurdistan Region.

 

Shafaq News Agency's reporter said that the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded, today, 150,200 Iraqi dinars for every 100 US dollars.

 

The Central Kifah Stock Exchange registered, during its opening Sunday morning, 150,100 Iraqi dinars, compared to 100 dollars.

 

Our correspondent indicated that the buying and selling prices rose in the banking shops in the local markets in Baghdad, where the selling price amounted to 150,750 Iraqi dinars, while the purchase prices amounted to 149750 dinars per 100 US dollars.

 

In Erbil, the capital of the Kurdistan Region, the price of the dollar also increased, as the selling price reached 150,300 dinars per 100 US dollars, and the purchase price was 150,000 dinars per 100 dollars.

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An unexpected drop in the dollar exchange rate in the Iraqi Stock Exchange and banking offices...today, Monday

Posted 2 hours ago

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https://iraqakhbar.com/3141858

News source / NR TV channel

Economists published a list of the latest dollar exchange rates in the Iraqi Stock Exchange and exchange offices today, Monday .

According to the list seen by  NRT  Arabia (June 14, 2021), the dollar exchange rate recorded a noticeable decrease, and it came as follows : 

The price on the Kifah Stock Exchange

149,750

——————

Exchange Rate (Approx.)

Buy 149,250

Sell 150,250

And the dollar recorded earlier this morning the following prices:

 

Baghdad - Kifah Stock Exchange  

150,200  

——————

Exchange rate (approximate)  

149,750  

150,750  

—————— 

Erbil / Bursa  

150,325  

——————

Basra / Bursa  

150,300  

——————

 

NA

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 2021-06-15 07:06
 

Shafaq News/ The exchange rates of the US dollar fell against the Iraqi dinar, on Tuesday, in the main stock exchange in the capital, Baghdad and the Kurdistan Region.

Shafak News Agency correspondent said that the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded today, 149,550 Iraqi dinars for every 100 US dollars.

The Central Kifah Stock Exchange recorded, during its opening Monday morning, 150,200 Iraqi dinars, compared to 100 dollars.

Our correspondent indicated that buying and selling prices decreased in banking shops in the local markets in Baghdad, where the selling price reached 150,000 Iraqi dinars, while the purchase prices amounted to 149,000 dinars per 100 US dollars.

In Erbil, the capital of the Kurdistan Region, the price of the dollar also decreased, as the selling price reached 149,800 dinars per 100 US dollars, and the purchase price was 149,500 dinars per 100 dollars.

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As of 2021 June 15, Tuesday current rate of USD/IQD is 1459.120 and our data indicates that the currency rate has been in an uptrend for the past 1 year (or since its inception).

United States Dollar / Iraqi Dinar has been showing a rising tendency so we believe that similar market segments were very popular in the given time frame.

Our site uses a custom algorithm based on Deep Learning that helps our users to decide if USD/IQD could be a goodportfolio addition for the future. These predictions take several variables into account such as volume changes, rate changes, market cycles.

Future currency rate of the currencies is predicted at 1558.371408 (6.802% ) after a year according to our prediction system.

This means that if you invested $100 now, your current investment may be worth $106.802 on 2022 June 15, Wednesday.

This means that this pair is suited as a new addition to your portfolio as trading bullish markets is always a lot easier.

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3 hours ago, Redhorse said:

As of 2021 June 15, Tuesday current rate of USD/IQD is 1459.120 and our data indicates that the currency rate has been in an uptrend for the past 1 year (or since its inception).

United States Dollar / Iraqi Dinar has been showing a rising tendency so we believe that similar market segments were very popular in the given time frame.

Our site uses a custom algorithm based on Deep Learning that helps our users to decide if USD/IQD could be a goodportfolio addition for the future. These predictions take several variables into account such as volume changes, rate changes, market cycles.

Future currency rate of the currencies is predicted at 1558.371408 (6.802% ) after a year according to our prediction system.

This means that if you invested $100 now, your current investment may be worth $106.802 on 2022 June 15, Wednesday.

This means that this pair is suited as a new addition to your portfolio as trading bullish markets is always a lot easier.

🤦🏻

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On 6/9/2021 at 4:08 PM, horsesoldier said:

Ya gotta admire the willful, determination & tenacity of these criminals to continue to drag ALL of this through the weeds for 18 years while still bending over and dry humping an entire country and it’s citizens .... all the while cramming more$$$$$ into already bloated overseas bank accounts.

Sorry. But I couldnt find the amen brother emoji.

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Dollar exchange declines in Nasiriyah markets

 
 
Wednesday - 06/16/2021 - 13:30
3D0D9E89-1370-4536-84A6-1AB1046083F0.jpe

Nasiriyah News Network:
The dollar exchange rates recorded today, Wednesday, in the city of Nasiriyah, a decrease against the Iraqi dinar.
A source in the private banking companies told Nasiriyah News Network, that the private banking offices in Nasiriyah recorded today a decrease in the exchange rates of the dollar against the Iraqi dinar today, Wednesday.
He added that the decrease in the exchange rate of buying the US dollar today amounted to 148,500 Iraqi dinars compared to 100 US dollars, while the selling price amounted to 149,500 thousand dinars, after the purchase price was recorded yesterday at 149,750 dinars.
is over.

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For the second time today, the dollar exchange rates fell in the local markets

Economie02:00 - 06/16/2021

 
image
 
 

 

Special - Mawazine News The
dollar exchange rates continued to decline for the second time, today, Wednesday, in the local markets and the main stock exchange in the capital, Baghdad.
And the correspondent of / Mawazine News / in Baghdad stated, "The dollar exchange rates, on the Central Kifah Stock Exchange, witnessed a remarkable decline for the second time today, as it recorded 148,750 dinars, for each $100 bill."
And our correspondent added, "The prices of buying and selling the dollar also recorded a decline in the banking offices and local markets in Baghdad, where the selling price reached 149250 dinars, for each denomination of 100 dollars, while the purchase price reached 148250 dinars, for each paper denominations of 100 dollars. End 29 / p4

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 2021-06-17 03:22
 

Shafaq News/ The exchange rates of the US dollar decreased against the Iraqi dinar, on Thursday, in the main stock exchange in the capital, Baghdad and the Kurdistan Region.

Shafak News Agency reporter said that the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded 148,600 Iraqi dinars for every 100 US dollars.

The Central Kifah Stock Exchange recorded, during its opening yesterday, Wednesday morning, 149,200 Iraqi dinars, compared to 100 dollars.

Our correspondent indicated that buying and selling prices decreased in banking shops in the local markets in Baghdad, where the selling price amounted to 149,000 Iraqi dinars, while the purchase prices amounted to 148000 dinars per 100 US dollars.

In Erbil, the capital of the Kurdistan Region, the price of the dollar also decreased, as the selling price reached 149,000 dinars per 100 US dollars, and the purchase price was 148,500 dinars per 100 dollars.

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  •  Time: 06/18/2021 10:24:04
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The dollar is stable at 149 thousand in trading today
  
{Economic: Al Furat News} The exchange rates of the dollar against the Iraqi dinar stabilized today, Friday, in the local markets.
 

 The selling prices of the dollar amounted to 149,000 dinars per 100 dollars, while the purchase prices of the dollar recorded 148,500 dinars per 100 dollars.

And the Central Bank of Iraq decided earlier, to amend the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars.

The selling price to the banks was set at 1460 dinars per dollar, while the selling price to the citizen was 1470 dinars per dollar.

Raghad Daham

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The stability of dollar prices in the Iraqi markets today

Economie12:23 - 06/18/2021

 
image
 
 

 

Baghdad - Mawazine News
The exchange rates of the dollar against the Iraqi dinar, on Friday, witnessed stability in the local markets.
The selling price of the dollar was 149,000 dinars per $100.
While the purchase price of the dollar was 148,500 dinars per $100.
The prices of buying and selling the dollar during the past days witnessed an increase of more than 150 thousand dinars against the category of 100 US dollars.

 
 
 
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  •  Time: 06/18/2021 10:24:04
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  •  Reading: 3,497 times
The dollar is stable at 149 thousand in trading today
  
{Economic: Al Furat News} The exchange rates of the dollar against the Iraqi dinar stabilized today, Friday, in the local markets.
 
 

 The selling prices of the dollar amounted to 149,000 dinars per 100 dollars, while the purchase prices of the dollar recorded 148,500 dinars per 100 dollars.

And the Central Bank of Iraq decided earlier, to amend the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars.

The selling price to the banks was set at 1460 dinars per dollar, while the selling price to the citizen was 1470 dinars per dollar.

Raghad Daham

 
 
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      Dollar prices break the barrier of 1500 dinars in Baghdad
      06.06.2021 - 14:10
        Baghdad - people  
      On Sunday afternoon, the exchange rate of the US dollar exceeded the barrier of 150 thousand Iraqi dinars against one hundred dollars, according to the monitoring of specialists.  
        
       
        
      The exchange rate, (6 June 2021), in the capital, Baghdad, was as follows:  
      Kifah Stock Exchange  
      149,800  
      In exchange (approximate)  
      Buy 149,250  
      Sell 150,250  
        
      The exchange rates of the dollar in the local markets this morning, Sunday (6 June 2021), according to the monitoring of specialists, were as follows:  
      Baghdad - Stock Exchange of struggle الكف    
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      —————————————————    
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