Latest news with #IraqiDinar
Iraq Business
28-05-2025
- Business
- Iraq Business
Dinar-Dollar Volatility: Seasonal and Structural Factors
By John Lee. A report by the Future Iraq Institute for Economic Studies and Consultations reportedly highlights significant fluctuations in the exchange rate of the Iraqi Dinar (IQD) against the US Dollar on the parallel market over the past two decades, driven by a mix of seasonal, political, and macroeconomic factors. Key factors cited in the report include: Timing of national budget releases; Public holidays in major trading countries, especially China and Iran; Dollar sales by the Central Bank of Iraq (CBI); Political developments and financial policy changes; Geopolitical disruptions affecting foreign currency demand. Click here to read report from Shafaq. (Source: Shafaq) Tags: Central Bank of Iraq (CBI), cg, Dollar, exchange rate, featured, foreign exchange, forex, Future Iraq Institute, inflation, IQD, Iraqi Dinar News
Shafaq News
18-05-2025
- Business
- Shafaq News
USD/IQD exchange rates inch lower in Baghdad, rise in Erbil
Shafaq News/ On Sunday, the US dollar exchange rates decreased against the Iraqi Dinar in Baghdad, while inching higher in Erbil, as trading closed for the day. According to a Shafaq News survey, al-Kifah and al-Harithiya central exchanges registered a rate of 142,350 IQD per $100, compared to 142,450 IQD earlier in the day. Local exchange shops in Baghdad recorded selling prices of 143,500 IQD and buying at 141,500 IQD per $100. In Erbil, the selling rates rose to 142,450 IQD and the buying rates to 142,200 IQD per $100.
Iraqi News
01-05-2025
- Sport
- Iraqi News
Erbil SC fined 10M IQD, handed two-match fan ban after crowd trouble vs Al-Shorta
Baghdad ( – The Iraqi Football Association's Disciplinary Committee has penalized Erbil SC following crowd trouble during their Iraqi Stars League Round 30 match against Al-Shorta on April 28th. The decision was announced Wednesday (April 30, 2025). Based on the match observer's report, incidents flared in the 67th minute after Al-Shorta scored their second goal from a retaken penalty. Erbil player Sherko Kareem was booked for protesting the decision, leading to fan agitation. Approximately 50-70 spectators then invaded the pitch, breaking a fence before being removed by security, causing an 11-minute stoppage. Additionally, water bottles were thrown at the referees as they left the field post-match. Consequently, the Disciplinary Committee imposed a 10 million Iraqi Dinar fine on Erbil SC. Furthermore, Erbil supporters will be banned from attending the club's next two designated home matches. These sanctions come after Al-Shorta won the crucial league match 2-0.
Iraq Business
26-03-2025
- Business
- Iraq Business
Survey: "Trump to Revalue Dinar in first 100 Days"
By John Lee. Back in January, Iraq Business News ran an online survey asking opinions on a revaluation of the Iraqi dinar following the inauguration of US President Donald Trump. This survey did not pretend to be scientific, as respondents were self-selecting, leading to a high risk of sampling bias, but it served to show that among dinar speculators there was some currency (pun intended) to the idea that the re-election of Trump to the White House would have a bearing on developments. Astonishingly, more than half of respondents expected the Iraqi dinar to revalue by at least 1,000x in the first 100 days of Trump's term. You can see a graph of the responses below. More than two months into that period, Trump has not done or said anything to support this theory, despite false claims to the contrary on the internet. But rather than finally accepting that they have paid good money for the false hope of ludicrous returns, dinar speculators (or ' dinarians ', as they sometimes like to call themselves) continue to reinforce each other's beliefs on online message boards and dismiss all logical arguments against their position. Please let us know your thoughts in the Comments Section below. For more information on the Iraqi dinar, check out IBN's Dinar Page here: See also: The Iraqi Dinar Revaluation Scam: False Hope, Financial Deception To learn what's really happening in Iraq, check out our news here , and our library of reports here . Tags: Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar Revaluation News, Donald Trump, global currency reset, IQD, Iraqi Dinar News, Poll, re-denomination, re-valuation, Redenomination, survey, United States
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.
