Deterioration of the Iraqi dinar from the dollar smuggling to Iran and Syria
The faces of the Iraqi dinar a rapid decline in its value, as the U.S.
dollar rose registered 1270 dinars to the dollar, compared to 1220
dinars in mid-March / March current. And Aasohma significant
deterioration mainly to smuggle foreign currency (U.S. dollar) to
Syria and Iran, which suffer from economic sanctions, have caused
shortages of hard currency have, and this is one of the most important
reasons for the increased demand for the dollar in Iraq, and thus
reduce the Iraqi dinar exchange rate.
For his part, attributed the decision to the Committee on the economy
and investment MP / coalition of Kurdish blocs / Mohammed Khalil, the
reasons for the low exchange rate of the Iraqi dinar against the U.S.
dollar to the political problems in the country and the deterioration
of currencies of Iran and Syria against international currencies.
Khalil said: that the UN sanctions imposed on Iran and Syria led to
the decline of Altoman Iranian and Syrian pound against the U.S.
dollar, making Iran and Syria is in desperate need of hard currency.
He added: Iraqi trader is dealer pivotal and the import of goods
without restrictions prevent reverse McCann in the former regime,
which has become a close relationship between the Iraqi traders and
merchants neighboring countries and that of their way may be issued
hard currency to states of Iran and Syria.
He pointed out: that the political and security problems that plague
Iraq also contributed to reducing the value of the dinar against the
U.S. dollar by paying citizens to convert their money into dollars,
making there is a growing demand in the market for dollar without the
dinar.
Ezzat, deputy director of the Central Bank in the north of Iraq, Kzizh
Mohieddin, in remarks to Anatolia, the reason for the high price of
the dollar against the dinar to the high demand in the markets and the
decline rate offer, which goes back to the policies of the Iraqi
Central Bank current.
As likely Vice-Chairman of the Finance Committee MP for the coalition
of Kurdish blocs Ahmed Faizullah, the return of the Iraqi dinar
exchange rate to its natural price against the U.S. dollar, the
central bank requirement to take the necessary procedures and the use
of international expertise to support the national currency.
Said Faizullah: that the country is suffering from confusion to its
monetary and economic policy as the money that goes out of the country
imports more than the money that comes to the country from oil sales,
etc., in addition to there other funds wasted in various ways.
Confirmed: that the central bank demands take its necessary measures
to recover the value of the Iraqi dinar to its natural price against
the U.S. dollar, and the use of international expertise should benefit
from the recommendations of the International Monetary Fund to support
the national currency.
This witness the exchange rate of the Iraqi dinar decline in value
against the U.S. dollar during the current period, as a result of the
central bank's measures to sell hard currency.
[You must be registered and logged in to see this link.][You must be registered and logged in to see this image.]
The faces of the Iraqi dinar a rapid decline in its value, as the U.S.
dollar rose registered 1270 dinars to the dollar, compared to 1220
dinars in mid-March / March current. And Aasohma significant
deterioration mainly to smuggle foreign currency (U.S. dollar) to
Syria and Iran, which suffer from economic sanctions, have caused
shortages of hard currency have, and this is one of the most important
reasons for the increased demand for the dollar in Iraq, and thus
reduce the Iraqi dinar exchange rate.
For his part, attributed the decision to the Committee on the economy
and investment MP / coalition of Kurdish blocs / Mohammed Khalil, the
reasons for the low exchange rate of the Iraqi dinar against the U.S.
dollar to the political problems in the country and the deterioration
of currencies of Iran and Syria against international currencies.
Khalil said: that the UN sanctions imposed on Iran and Syria led to
the decline of Altoman Iranian and Syrian pound against the U.S.
dollar, making Iran and Syria is in desperate need of hard currency.
He added: Iraqi trader is dealer pivotal and the import of goods
without restrictions prevent reverse McCann in the former regime,
which has become a close relationship between the Iraqi traders and
merchants neighboring countries and that of their way may be issued
hard currency to states of Iran and Syria.
He pointed out: that the political and security problems that plague
Iraq also contributed to reducing the value of the dinar against the
U.S. dollar by paying citizens to convert their money into dollars,
making there is a growing demand in the market for dollar without the
dinar.
Ezzat, deputy director of the Central Bank in the north of Iraq, Kzizh
Mohieddin, in remarks to Anatolia, the reason for the high price of
the dollar against the dinar to the high demand in the markets and the
decline rate offer, which goes back to the policies of the Iraqi
Central Bank current.
As likely Vice-Chairman of the Finance Committee MP for the coalition
of Kurdish blocs Ahmed Faizullah, the return of the Iraqi dinar
exchange rate to its natural price against the U.S. dollar, the
central bank requirement to take the necessary procedures and the use
of international expertise to support the national currency.
Said Faizullah: that the country is suffering from confusion to its
monetary and economic policy as the money that goes out of the country
imports more than the money that comes to the country from oil sales,
etc., in addition to there other funds wasted in various ways.
Confirmed: that the central bank demands take its necessary measures
to recover the value of the Iraqi dinar to its natural price against
the U.S. dollar, and the use of international expertise should benefit
from the recommendations of the International Monetary Fund to support
the national currency.
This witness the exchange rate of the Iraqi dinar decline in value
against the U.S. dollar during the current period, as a result of the
central bank's measures to sell hard currency.
[You must be registered and logged in to see this link.][You must be registered and logged in to see this image.]
Today at 5:28 pm by Rocky
» utube 5/16/24 MM&C Al-Sudani - Political Week - Progress Internationally
Today at 7:59 am by Rocky
» Calls to include local oil and electricity sales in the general budget
Today at 7:50 am by Rocky
» Al Rasheed Bank issues instructions to facilitate the issuance of replacement cards for bank card ho
Today at 7:47 am by Rocky
» Internal debt rises to 79 trillion in 2024.. What is the relationship between spending and loans?
Today at 7:44 am by Rocky
» More than one billion dollars in sales from the Central Bank of Iraq within a week
Today at 7:42 am by Rocky
» Members of Parliament head to the Great Hall to initiate procedures for electing the president
Today at 7:38 am by Rocky
» The House of Representatives concludes the report and discussion of the draft law on public holidays
Today at 7:37 am by Rocky
» The House of Representatives votes to extend its legislative term for 30 days
Today at 7:36 am by Rocky
» A Canadian company is “unable” to dismiss its director authorized to protect Baghdad Airport: Iraq i
Today at 7:34 am by Rocky
» Economic Institution: The value of China's exports to Iraq increased by 93% in 10 years
Today at 7:31 am by Rocky
» The Presidency of Parliament decided to devote today’s session to electing the president only
Today at 7:29 am by Rocky
» In the presence of 183 deputies...the House of Representatives holds its session
Today at 7:28 am by Rocky
» Al-Kadhimi hints at the possibility of postponing the session to elect the Speaker of Parliament
Today at 5:09 am by Rocky
» The regional government announces the payment of employees' salaries via “My Account”
Today at 5:07 am by Rocky
» The Minister of Transport reviews the details of the development road and Al-Faw Grand Port projects
Today at 5:05 am by Rocky
» Istanbul will host expanded Turkish/Arab economic meetings at the beginning of next month
Today at 5:03 am by Rocky
» Customs sets the date for collecting tax amounts electronically and sets a condition
Today at 5:02 am by Rocky
» Sudanese agrees to support pilgrims with an amount of 39 billion dinars to reduce the cost of Hajj
Today at 5:00 am by Rocky
» The Sudanese advisor clarifies the discussion of budget schedules in the extraordinary session of th
Today at 4:59 am by Rocky
» Most of the framework and the Kurdistan Democratic Party will vote for Al-Mashhadani as Speaker of P
Today at 4:55 am by Rocky
» A deputy considers the movement of Turkish forces inside Iraqi territory an occupation
Today at 4:53 am by Rocky
» Directing the Ministry of Finance to spend drug law implementation budgets
Today at 4:52 am by Rocky
» A parliamentary movement to resolve the fate of holding private wards
Today at 4:51 am by Rocky
» A member of a legal movement calling for accelerating the amendment of Article 57
Today at 4:49 am by Rocky
» A parliamentary effort to gain ownership of the trespassers and slum owners
Today at 4:48 am by Rocky
» There is a consensus on deciding the presidency of Parliament today, and the balance is tilted towar
Today at 4:47 am by Rocky
» The price of the dollar is witnessing a slight increase in Baghdad, Basra and Erbil
Today at 4:46 am by Rocky
» Behind the scenes of electronic blackmail in Iraq... “A good hacker,” “blackmailing spouses,” and se
Today at 4:44 am by Rocky
» The coordination framework supports Al-Sadr: We will pass the “Eid Al-Ghadir” holiday today
Today at 4:42 am by Rocky
» The session to elect the Speaker of Parliament... intense meetings and fears of its failure due to “
Today at 4:41 am by Rocky
» People with chronic diseases...a government statistic regarding the number of applicants for social
Today at 4:39 am by Rocky
» The Sudanese advisor issues a clarification regarding the discussion of budget schedules in an extra
Today at 4:38 am by Rocky
» Russia is at the top, and this is Iraq's rank... a list of countries that buy most real estate in Tü
Today at 4:37 am by Rocky
» The opening of the first aviation, space and artificial intelligence institution in Baghdad
Today at 4:33 am by Rocky
» Iraq digs 30 meters under the sea and completes the Al-Faw docks in 5 months...a fixed date with the
Today at 4:32 am by Rocky
» Al-Allaq announces the success of the electronic transfer platform in combating money laundering
Today at 4:31 am by Rocky
» Al-Saadawi directs the disbursement of 1.5 million dinars to each private transport employee who con
Today at 4:29 am by Rocky
» Minister of Commerce from Silo Makhmour: The quantities of wheat marketed have reached two million t
Today at 4:28 am by Rocky
» Hours after choosing Al-Halbousi's successor... Al-Mashhadani sends a message to the Iraqis
Today at 4:27 am by Rocky
» How do we wash the “dirty Baghdad dollar”? A clearer picture of 1,000 Iraqi methods for money launde
Today at 4:25 am by Rocky
» Transport is launching a new mechanism to pay bus tickets via phone soon
Today at 4:24 am by Rocky
» Baghdad Summit 2025.. Iraq reunites its brothers around the table of dialogue and common interests
Today at 4:23 am by Rocky
» Bangladesh is ahead of it... Iraq’s classification in the Arab world and internationally by the qual
Today at 4:19 am by Rocky
» Today...the House of Representatives is scheduled for a “fateful” session
Today at 4:17 am by Rocky
» The General Secretariat denies that the Fine platform was exposed to electronic hacking
Today at 4:15 am by Rocky
» Transport reveals the completion rates in the Al-Faw Port and Development Road projects
Today at 4:12 am by Rocky
» Mayor of the Capital: The Baghdad Metro project will be implemented this year by a solid investment
Yesterday at 2:28 pm by Rocky
» A reading of the financial and monetary policies of the International Monetary Fund report - May 202
Yesterday at 2:27 pm by Rocky
» Floating the Iraqi dinar A solution to fill the "gap" of its turbulent price against the dollar
Yesterday at 9:22 am by wciappetta
» utube MM&C 5/14/24 Iraq Dinar - IQD Update - UN Chapter VII - $3 Billion Revenue - Trade Minister -
Yesterday at 7:39 am by Rocky
» Iraq announces the payment of the last installment of the International Monetary Fund loan
Yesterday at 6:48 am by Rocky
» The International Monetary Fund calls on Iraq to cancel the appointments and correct the course of n
Yesterday at 6:46 am by Rocky
» For the first time after Iraq joined the Bank’s membership: The Minister of Finance participates in
Yesterday at 6:43 am by Rocky
» A delegation from the Retirement Authority discusses with the World Bank reform of the retirement sy
Yesterday at 6:41 am by Rocky
» Istanbul.. Iraq is discussing with the World Bank reform of the country’s retirement system
Yesterday at 6:40 am by Rocky
» The President of the Republic stresses the importance of coordination between Iraq and Kuwait on reg
Yesterday at 6:37 am by Rocky
» Among them are Russia and China... Members of the Security Council support ending the mission of the
Yesterday at 6:36 am by Rocky
» The full statement of Iraq’s welcome of the Arab League’s decision to hold the Baghdad Summit in 202
Yesterday at 6:35 am by Rocky
» Parliamentary expectations of electing a new Speaker of Parliament and extending the work of the Ele
Yesterday at 6:32 am by Rocky
» Transparency website: Sulaymaniyah and Halabja imports amounted to about 11 billion dinars last week
Yesterday at 6:31 am by Rocky
» The Hajj Authority begins disbursing dollars to pilgrims via the electronic platform
Yesterday at 5:27 am by Rocky
» Oil announces the expansion of installing gas networks and proceeding with the import of plastic gas
Yesterday at 5:24 am by Rocky
» Politician: Al-Mashhadani is closest to the presidency of the House of Representatives
Yesterday at 5:23 am by Rocky
» Al-Ittihad: The delay in the localization of salaries has had a negative impact on the citizens of K
Yesterday at 5:21 am by Rocky
» A new maneuver for the region regarding the salaries of its employees...these are its details
Yesterday at 5:20 am by Rocky
» The Parliamentary Energy Committee determines its position on the new oil coupons
Yesterday at 5:19 am by Rocky
» Washington: We are communicating with officials in Baghdad, Ankara, and Erbil to resume Kurdistan oi
Yesterday at 5:16 am by Rocky
» In agreement with international companies, the first tourist flight was launched from Kirkuk Airport
Yesterday at 5:15 am by Rocky
» Al-Allaq announces the success of the electronic transfer platform in combating money laundering
Yesterday at 5:13 am by Rocky
» The Chinese dragon applies to Iraqi oil... Where is Iran in this equation?
Yesterday at 5:12 am by Rocky
» Sudanese advisor announces full repayment of IMF loans
Yesterday at 5:11 am by Rocky
» Al-Sudani reiterates: Iraq is heading towards expanding petrochemical projects
Yesterday at 5:10 am by Rocky
» The Monetary Fund: “Internal stability has improved since the new government took office in October
Yesterday at 5:09 am by Rocky
» Washington clarifies its position on stopping Kurdistan oil exports through Türkiye
Yesterday at 5:08 am by Rocky
» The Minister of Labor directs to increase electronic payment (POS) devices
Yesterday at 5:05 am by Rocky
» After the worsening crisis of “carrying vehicles” at the entrances to the governorates, the Minister
Yesterday at 5:03 am by Rocky
» The Hajj Authority begins disbursing dollars to pilgrims via the electronic platform
Yesterday at 5:02 am by Rocky
» Iraq reaches its “peak”... Parliamentary legal opinion opens the file of job laxity and confirms: it
Yesterday at 5:01 am by Rocky
» The framework is awkward between Al-Mashhadani and Al-Issawi... and he sees his salvation in the “th
Yesterday at 5:00 am by Rocky
» Al-Sudani directs the formation of a technical team to follow up on the procedures for implementing
Yesterday at 4:58 am by Rocky
» Kurdistan outlets confirm their commitment to Baghdad’s controls, but: 70% of the outlets are “outsi
Yesterday at 4:57 am by Rocky
» In numbers... budget tables paralyze investment allocations to governorates
Yesterday at 4:55 am by Rocky
» The Minister of Transport reveals the completion rates of rail and land connectivity plans for the d
Yesterday at 4:53 am by Rocky
» He confirmed that the memorandums of understanding signed with Washington are being implemented on t
Yesterday at 4:52 am by Rocky
» The Minister of Planning and the World Bank discuss supporting Iraq's policies to reduce dependence
Yesterday at 4:50 am by Rocky
» Bahaa Al-Araji: They killed Umm Fahd with foreign will, and Al-Mashhadani’s nomination targets Al-Su
Yesterday at 4:49 am by Rocky
» American official: When I see the oil industry in Kurdistan, I think of Oklahoma
Yesterday at 4:48 am by Rocky
» Mishaan Al-Jubouri’s leaks to the session: Al-Maliki needs Al-Mashhadani to restrain Al-Sudani and h
Yesterday at 4:47 am by Rocky
» Safia Al-Suhail supervises the integrity judge’s signing of a memorandum of understanding with the S
Yesterday at 4:46 am by Rocky
» Deputy: The budget is political, not technical, and we do not rule out obstructing it to resolve the
Yesterday at 4:45 am by Rocky
» New American positions towards resuming the export of Kurdistan oil... and foreign companies set a c
Yesterday at 4:42 am by Rocky
» With the ongoing controversy... Is Iraq responsible for smuggling weapons into Jordan?
Yesterday at 4:40 am by Rocky
» Not only to elect the president.. Why is tomorrow’s parliament session exceptional?
Yesterday at 4:38 am by Rocky
» Large spread of foreigners in optical markets
Yesterday at 4:37 am by Rocky
» Labor takes measures to address the foreign worker file
Yesterday at 4:35 am by Rocky
» Communications is looking with Amazon to create a data center to provide Internet content to Iraq
Yesterday at 4:34 am by Rocky
» Al-Sudani reiterates Iraq's move towards expanding petrochemical projects
Yesterday at 4:32 am by Rocky
» Plasschaert: We are witnessing a rising Iraq in the fields of service provision and reconstruction
Yesterday at 4:31 am by Rocky