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Iraqi dinar-dollar auction
11-21-13 Central bank sales decline of the dollar

11-21-13 Central bank sales decline of the dollar

11-21-13 CENTRAL BANK SALES DECLINE OF THE DOLLAR IN AN AUCTION THURSDAY Tomorrow Press / Baghdad: sales fell the Iraqi Central Bank of the dollar at an auction on Thursday, on the sale and purchase of foreign currency to 178 million and 529 thousand dollars, compared with 181 million was recorded in the previous session, and a stable exchange rate at 1166 dinars per dollar . The bulletin for auction today received “tomorrow Presse”, “The overall demand for the dollar distributed by 46 million and 490 thousand dollars in cash, while the value of the quantity…

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Iraq Association of Banks Honoring Their Commitments

Iraq Association of Banks Honoring Their Commitments

Dinar has shown some decline in the international financial markets and money exchange hubs against Unites States Dollar for several months. The Central Bank of Iraq has taken many initiatives to control speculations, black marketing and money laundering. The Iraqi Dinar News reported on behalf of Almadapress.com that the Association of banks in Iraq has started honoring their commitment which it made by the CBI. On the 16th of June 2013, it has been reported that the Association of Banks…

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New Oil Rigs at Halfaya Oil fields of Iraq

New Oil Rigs at Halfaya Oil fields of Iraq

Being the second largest country in oil reserves, Iraq is spending lots more for the sustainability of oil productions to generate more and more revenue. According to the financial statistics of the Iraq Budget 2013, more than 93% of the total budgeted revenue will be obtained from oil exports. On the 18th of the June 2013 John Lee, a reporter of Iraq Business News reports that Missan Oil Company has announced that two new rigs will be added to the…

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Oil Extraction, A blessing or Threat

Oil Extraction, A blessing or Threat

Iraq has been blessed with abundant oil resources which are being exploited by the many international oil companies in Iraq. KRG Iraq is very keen to increase its oil productions so that it could generate maximum revenue for the country. With reference to the news posted by Iraq Business News in its oil and gas segment, some US geologists have raised their voice arguing that oil extraction could cause earthquakes. The debate is alive for decades, but no logical and…

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Iraqi Dinar – Expectations and Concerns

Iraqi Dinar – Expectations and Concerns

One thing is must that rapid increase in oil production of Iraq would increase the value of dinar and it will strengthen the economy of Iraq over the next ten years. Amazingly the history about this currency shows us that this is expected from this end. Like many other countries history, there is also the good future for Iraqi dinar. Many financial experts are also predicting some good for the Iraqi dinar. They claim that Iraqi dinar will rise in…

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Invest in Iraqi Dinar to Make Your Finances Secure

Invest in Iraqi Dinar to Make Your Finances Secure

Have you ever thought that why a considerable number of people are showing their interest to buy Iraqi dinar? And what are the hidden facts behind the popularity of Iraqi dinar? Yes! There are many other factors due to which this currency is getting so much popularity. There might be some possibilities that many new people find themselves unable to identify all of these factors, but eyes of financial experts can easily diagnose the all of these factors and hidden…

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