The ER Of The Dinar Against The Dollar, Explained.

[Luigi1]

Here's some articles of Dinarian interests...

-Reasons For The ER Of The Dinar Against The Dollar.

-Iraq Is Best In World In Controlling The Sale Of The Dollar.

Treat as rumors.  Not verified.  Your opine.

 

 

 

FROM IRAQI SOURCES:   An Analysis Explains In Detail The Reasons For The Fluctuations Of The Iraqi Dinar ER Against The Dollar In 21 Years.
ARTICLE:  The "Iraq Future" Foundation for Economic Studies & Consultations attributed, on Friday, the reasons for the fluctuations of the dinar ER against the USD in the parallel market over more than two decades in the country to internal & external factors.
 
This came according to an analysis issued by the Foundation in which these fluctuations explained from 2005 until 2024.

 

In its analysis, the Foundation stated that "the Iraqi Dinar ER against the USD in the parallel market witnessed noticeable fluctuations over the past 21 years, as it was affected by a group of factors that ranged between politics, legislative & 
economic." 

However, the analysis added that "the supply & demand were the most influential, as the patterns of changing the ER differed according to the months of the year as a result of internal & external factors, such as the timing of the public budget launch & official holidays in major countries exporting goods to Iraq, such as China & Iran."

 

He pointed out that "by analyzing the ER data in the parallel market from 2005 to the year 2024, it appears almost a repeated format that reflects the impact of the value of the Dinar in more months than others."

 

According to the Foundation, "The month of December was the most frequent in the high value of the Dinar, as it witnessed a decline in 13 years out of 21 years, followed by: August & June, with heights in the value of the dinar against the Dollar in 11 years, then April 10 times, while the month of October & November had witnessed an increase in 9 times, & March 8 times."
 
The month of May was the least repeated in the decline in the value of the Dinar, as its value increased only 4 times throughout the studied period, which gives almost the impression that the Dinar prices against the Dollar rise in February.

 

Azar & Nissan, then the decrease against the Dollar in May as a result of the return of the demand strongly in May. 

 

In its analysis, the Foundation warned that "despite this clear seasonal effect on the ER, there are other factors that cannot be ignored, such as the levels of the Dollar selling by the CBI that directly affect the size of the cash supply in the market, as well as political and financial factors such as the timing of the public budget funds, as well as the geopolitical conditions that may cause sudden disturbances in the demand for foreign currency."

 

The analysis concluded that "the effect of the seasons of the year remains one of the main elements in determining the trends of the ER in Iraq, where a frequent pattern appears at the end of the year & the beginning of the fiscal year, in addition to its influence on the official holidays in the countries exporting goods to Iraq, but other factors, such as monetary policies & political & economic developments, remain a direct impact on the parallel market, which makes it necessary to monitor all these variables to understand the ER changes with more accurately." 

 

-Al-Alaq: Iraq Has Become One Of The Best Countries In The World In Controlling The Sale Of The Dollar.

The Gov of the CBI, Ali Al-Alaq, confirmed on Saturday that Iraq has become one of the best countries in the world in controlling the sale of the Dollar.

Al-Alaq said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "Iraq has today become one of the best countries in the world in controlling the sale of the Dollar, as this process is carried out with transparency & accuracy, and through it the citizen verifies his documents & his departure from the country," explaining that "this mechanism is the most disciplined, transparent & controlled in the world, as indicated by int'l experts."

Al-Alaq noted that "false news & media distortion may harm the interests of Iraq and the banking sector," stressing the importance of being proud of the major developments that Iraq is witnessing.

He pointed out that "the government and the CBI are working hard to establish sound practices that are compatible with int'l standards," calling for "the need to highlight these achievements in the media."

He pointed out that "highlighting these transformations & developments helps enhance int'l confidence in the Iraqi banking sector, which is vital to the continued development of the financial system in Iraq."  

 

 

 

 

 

 

 

[Luigi1]

Here's another article related to the above...US Pressures Iraq...

 

 

Clare:   Washington Pressures Iraq Over Kurdistan Oil.

Article:  “Oil Price:  Washington pressured Baghdad over Kurdistan oil to curb Iran’s exports” Quote:  “The American website ‘Oil Press’, which specializes in energy affairs, published a report on Friday regarding the resumption of oil pumping from the Kurdistan Region, confirming that Washington pressured Baghdad to do so, in order to reduce Iranian oil exports.“

[Luigi1]

Here's another article of RV-RI conserns...Good news if you are a Viet Nam Dong investor...

 

VIDEO:  Vietnam Dong update for 03/01/25 – 50 to 1 ER.

See video at source...Google key words in title to bring up source.

[CSM (R) Thack]

1 hour ago, Luigi1 said:

Here's another article of RV-RI conserns...Good news if you are a Viet Nam Dong investor...

 

VIDEO:  Vietnam Dong update for 03/01/25 – 50 to 1 ER.

See video at source...Google key words in title to bring up source.

Good news…🤔…NOT!! It’s from “Pimpy”…there was ZERO good news!! Click bait title…7 minutes of my life I’ll never get back!😂