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- Adjusted for the CBI’s measures, in other words, if the currency had been flat at February’s close, then the RSISX USD Index’s would have declined 2.1% for the month – this underling decline, coupled with the 36.0% month-on-month decline in the average daily traded volume on the Iraq Stock Exchange (ISX), suggests that the market has largely shrugged off the effects of the IQD’s 10% revaluation against the USD and that it has continued with its looking through and discounting the currency’s...
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Feb 7, 2023 · The Iraqi government approved a currency revaluation on Tuesday to strengthen the dinar against the dollar. During its weekly meeting, the Cabinet set the official exchange rate at 1,300 Iraqi dinar per US dollar. The previous rate was at 1,460 Iraqi dinar to the dollar.
Feb 7, 2023 · The measures contributed to dollar shortages in Iraq, stoked a slide in the dinar and fanned inflation, prompting the prime minister to replace central bank Governor Mustafa Ghalib Mukheef.
The Central Bank of Iraq announced Thursday the approval from the US Federal Reserve to supply dollar cash in 2024, as part of efforts to stabilize the Iraqi economy and its currency.
Feb 7, 2023 · CAIRO, Feb 7 (Reuters) - Iraq's cabinet approved a currency revaluation on Tuesday and set the exchange rate at 1,300 dinars per U.S. dollar, the state news agency reported.
Feb 7, 2023 · Iraq revalued its currency just over two weeks after replacing Bloomberg Terminal the central bank governor as part of an effort to stabilize the foreign exchange market.
Oct 5, 2023 · BAGHDAD, Oct 5 (Reuters) - Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024 in the latest push to curb the misuse of its hard currency reserves in financial...
Feb 15, 2023 · The Iraqi Central Bank in late 2020 devalued the dinar against the US dollar by 22 percent, dropping it from 1,182 IQD to 1,450 IQD and sparking public outrage.
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