Tehran – After the rise in the price of the US dollar toppled the former governor of the Iranian Central Bank, Ali Salehabadi, 25 days ago, the local currency (riyal) fell on Sunday to a new record level, as the price of one dollar exceeded 452 thousand riyals in the unofficial market. The Iranian currency […]
Monetary policy in Iraq faces many challenges, especially in light of the presence of an irregular currency exchange market run by networks that manipulate the prices of the dollar against the dinar, according to local media reports. In the face of the “monetary dualism” that has harmed the country’s economy, Iraq is moving toward applying […]
Wazin News – Baghdad Economic expert Safwan Qusay confirmed that financial liquidity is available and there are no high risks regarding the existence of the Iraqi dinar. Qusay said, in a televised interview followed by Mawazine News, that “oil revenues rose during the first three months of this year, and this is thanks to the […]
Shafaq News/ The official spokesman for the currency market in Sulaymaniyah, Jabbar Gorran, revealed today, Monday, the reasons for the decline in the value of the US dollar against the Iraqi dinar, pointing to the importance of the visit of Iraqi Prime Minister Muhammad Shiaa Al-Sudani to the American capital, Washington. Kuran told Shafaq News […]
19 countries have eliminated zeros from their local currencies at least once, while 10 countries have resorted to such a step twice since 1960, according to a study issued by Iran’s Payam Nour University. After the regime change in Iraq in 2003 and its transformation from a totalitarian regime to a democracy, successive governments after […]
Advisor to the Iraqi Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed the dangers of the exchange rate becoming unstable if demands to float the dinar are met, indicating that the dollar exchange rate in the parallel market is currently gradually approaching the official one. The Pitfalls of Floating the DinarSaleh said, “Calls for […]
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