The Iranian Rial has remained a great controversy among investors, economists, and politicians for quite some time now. There are lots of questions about the causes for such a drastic depreciation of the Rial against the U.S. dollar and what impacts it has carried on Iran. In this article, however, the focus will be on […]
In 2021, the government of Iraq made plans to decimalize its currency, commonly known as the Iraqi Dinar (IQD), by removing three zeros. The scheme to “redenominate” the currency, as the process is called, is an attempt to rebuild Iraq, which has suffered from inflation and poor economic management for most of the past three […]
The Iranian Rial has been facing immense pressure in recent years, with the currency experiencing a freefall in value against most foreign currencies. As the Rial continues to lose its value, its purchasing power and, thus, the quality of life for millions of Iranians decline further. This article will, therefore, discuss the impacts of the […]
You may have encountered the Iraqi Dinar (IQD) in the past from investors, economists, or otherwise currency enthusiasts browsing through various foreign currencies. Originally launched in 1932, The Dinar was once a robust currency, but political instabilities At the same time, economic sanctions and war have caused a near wipeout worth. The question today is, […]
Foreign exchange and foreign currency investments have long attracted investors seeking to diversify their portfolios and capitalize on global market trends. Among these, the Iranian Rial stands out as a topic of curiosity and debate. The Iranian Rial, like many national currencies, holds both opportunities and risks for investors. With its mix of challenges and […]
Investing in foreign currencies can be an enticing opportunity for diversification and potential profits. Among the lesser-known currencies that have attracted speculative attention is the Iraqi dinar (IQD). This currency has piqued the interest of some investors. This is mostly driven by the hope that Iraq’s substantial oil reserves and potential economic recovery might lead […]
Baghdad – The Central Bank of Iraq has reduced its reliance on the US dollar in commercial transactions, according to the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, adding that the project to remove zeros in Iraq is subject to continuous review and study at the bank. Countries remove zeros from their […]
The stability of the Iraqi dinar has always faced major challenges in recent years, as it has witnessed price fluctuations, not to mention a gap between what the central bank determines and what is sold in the parallel market. In order to avoid the “volatility” syndrome and the “gap” in the price of the Iraqi […]
IraiIraIIIIIIIIIIIraqi relies heavily on oil, which exposes it to the risk of fluctuations that may occur in the price of a barrel, but it nevertheless has a stable future, according to Moody’s credit rating agency. Today, the agency maintained Iraq’s rating at CAA1 with a stable outlook, and also kept the country’s local and foreign […]
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 […]
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