Latest news with #Dinar
Iraq Business
13-06-2025
- Business
- Iraq Business
Iraqi Dinar Q&A: Dinar Revaluation (RV) and Israeli Airstrikes on Iran
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Q: What effect will Israel's airstrikes on Iran have on any potential revaluation of the Iraqi dinar? A: This week's Israeli airstrikes on Iran, targeting nuclear and military sites, will likely have a negative effect on any potential revaluation of the Iraqi Dinar, at least in the short term. Here's why: Increased Regional Instability The conflict between Israel and Iran is a major source of instability in the Middle East. Iraq, being a direct neighbour to Iran and having complex political and economic ties with both countries, is highly susceptible to the fallout from such tensions. Increased regional conflict generally leads to capital flight and a preference for safer currencies like the US dollar, which puts downward pressure on local currencies like the Iraqi Dinar. Safe-Haven Demand for USD As investors and even ordinary citizens become more apprehensive about the future, they tend to move their assets into more stable and liquid currencies. The US dollar is traditionally seen as a global safe-haven currency. This increased demand for USD in Iraq would further weaken the Dinar against the dollar in the parallel markets, making any revaluation less likely. Impact on Oil Prices While a spike in oil prices due to regional conflict might seem beneficial for an oil-dependent economy like Iraq's, the immediate effect on the Dinar is often outweighed by the increased instability. Furthermore, if the conflict were to escalate and impact shipping routes like the Strait of Hormuz, Iraq's oil export revenues could be severely affected, which would be detrimental to the Dinar. Smuggling and Sanctions Concerns Iraq has faced challenges with dollar smuggling to Iran, partly due to US sanctions on Iran. Escalated tensions and potential new sanctions could exacerbate these issues, further disrupting Iraq's financial system and the Dinar's stability. Political and Economic Uncertainty in Iraq The Iraqi Dinar's value is already influenced by a range of internal factors, including political stability, government spending, and efforts to control corruption. Regional conflicts add another layer of uncertainty, making it harder for the Central Bank of Iraq to manage the exchange rate and implement policies that could lead to a revaluation.
New Straits Times
15-05-2025
- Entertainment
- New Straits Times
#SHOWBIZ: Fattah Amin nearly quit acting after 'wooden' criticism
ACTOR Fattah Amin has revealed that he almost quit acting early in his career due to harsh criticism, particularly about being labelled a "wooden" actor. The 34-year-old artiste, whose full name is Abdul Fattah Mohd. Amin, said the negativity from netizens put immense pressure on him. "When I first started, I felt very pressured. There was a barrage of criticism against me on social media," he said. "I would see comments when promoting a drama, with people saying my acting was stiff and poor. Some even said it was terrible without ever having watched me act. "At that point, I thought it might be my first and last time acting, and I considered leaving the industry," he said on the 'Borak Selebriti Sinar' audio broadcast with Dinar and Falyq. However, the 'Mat Kilau' actor chose not to let the criticism define him. Instead, he used it as motivation to improve. "I accepted the comments, because sometimes they were right. So, I looked for ways to enhance my acting skills. "Thankfully, after a few projects, directors and colleagues began to see improvement. From then on, I persevered and never looked back," he added. Fattah also shared that he never formally trained in acting, but learnt from on-set experience. "I didn't have time for classes then. As soon as one project ended, I'd take on another. I learnt a lot from senior actors. "On set, I asked many questions and observed. You don't have to be in a classroom to learn acting. "When I saw other actors excel in their roles, I absorbed their knowledge." Now, the 32nd Anugerah Bintang Popular Berita Harian winner for Popular Male Actor is recognised as one of Malaysia's most popular artistes, with a career spanning dozens of dramas and films since 2011.
Zawya
27-03-2025
- Business
- Zawya
Dinar Media Platform launches to elevate economic awareness in Bahrain: @dinarbh973
Manama, Bahrain- In a strategic effort to boost economic awareness and deliver timely, reliable updates on both local and global financial developments, a new digital platform has been launched under the name Dinar. The initiative is designed to offer comprehensive coverage and in-depth insights across the sectors of economics, investment, and business. Positioning itself as a credible source for economic information, Dinar aims to provide professionals, investors, and the broader public with accurate reporting and analytical commentary on current financial affairs within Bahrain and the wider region. The platform focuses on unpacking key economic trends, profiling investment opportunities, and spotlighting government initiatives that are instrumental in driving the Kingdom's economic advancement. A core feature of the platform is its commitment to fostering open dialogue between policymakers and the public through a suite of interactive tools that enable real-time engagement, including live news updates, social media integration, and the publication of expert-written articles and commentaries. These resources are tailored to elevate the economic awareness of the Bahraini community and support informed public discourse. In addition to textual content, the platform enriches its offering through multimedia features, including video interviews and discussions with prominent economic figures. It also produces specialized reports on emerging local enterprises and provides coverage of the evolving employment landscape. These insights serve as a valuable resource for entrepreneurs, job seekers, and stakeholders tracking the pulse of the national economy. Dinar aspires to become a trusted reference point for those seeking in-depth perspectives on Bahrain's economic trajectory. By presenting data-driven, high-quality content, the platform seeks to contribute meaningfully to the transparency and vibrancy of the Kingdom's business environment. This initiative aligns with Bahrain's broader ambition to cement its reputation as a premier hub for commerce and investment in the Gulf region.
Shafaq News
28-02-2025
- Business
- Shafaq News
21 years of Iraqi Dinar exchange rate fluctuations, 3 main factors
Shafaq News/ Two decades of fluctuations in the exchange rate of the Iraqi Dinar against the US dollar in the parallel market, had been analyzed, identifying a mix of internal and external factors as the key drivers, in a report released by the "Future Iraq" Institute for Economic Studies and Consultations. Covering the period from 2005 to 2024, the report revealed significant volatility in the Dinar's value against the dollar over 21 years, influenced by various political, economic, and legislative factors. According to the institute's analysis, "supply and demand were the most influential factors," with changes in the exchange rate varying across different months due to internal and external dynamics. The report highlighted several key factors affecting the exchange rate, including the timing of the release of the national budget and public holidays in major commodity-exporting countries such as China and Iran. "The changes in exchange rates followed distinct patterns, notably with specific months of the year showing more significant variations," it states. Upon reviewing exchange rate data from 2005 to 2024, the report identified a recurring trend, with certain months showing a greater impact on the Dinar's value than others. December was the month most frequently associated with a rise in the Dinar's value, witnessing an appreciation in 13 of the 21 years studied. Other months with notable increases in the Dinar's value included August and June, each seeing gains in 11 years, followed by April with 10 occurrences. October and November showed improvements in 9 years, while March saw an increase 8 times. May stood out as the month with the least frequent depreciation of the Dinar, with its value rising in only 4 of the 21 years under review. This suggested that the Dinar tended to appreciate in February, March, and April, only to dip again in May as demand increases. Despite the evident seasonal impact on exchange rates, the institute warns that other factors must also be considered. These include the Iraqi Central Bank's dollar sales, which directly influence the money supply in the market, and political and financial factors such as the timing of the public budget's release. Geopolitical conditions also play a role, with unexpected disruptions in demand for foreign currency potentially driving exchange rate volatility. In conclusion, the analysis underscored that while seasonal patterns remain a key driver of the Dinar's fluctuations, factors such as monetary policy, political developments, and economic conditions have a direct impact on the parallel market. The report stressed the importance of monitoring all these variables to gain a more precise understanding of exchange rate movements.
