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Monthly Archives: August 2011
The new Iraqi dinar will be printed in three languages
The new Iraqi dinar will be printed in three languages The Iraqi Central Bank confirmed that after the deletion process the new Iraqi dinar would be printed in three languages: English, Kurdish and Arabic. According to the Constitution, the new … Continue reading
Iraqi Parliament and Finance Committee discussed the Iraqi dinar reorganization
Iraqi Parliament and Finance Committee discussed the Iraqi dinar reorganization The head of the Finance Committee, Met Haider Abadi and the Central Bank governor, Shabibi discussed the process of deleting zeros from the dinar. They discussed legal requirements, actions that … Continue reading
Posted in iraqi dinar, iraqi dinar revaluation news, iraqi dinar rv, iraqi dinars
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The solution adopted by the Central Bank to establish the dinar exchange rate influenced the inflation
The economist, Dargham Muhammad Ali said that the inflation increased due to methods used by the Central Bank of Iraq to establish the exchange rate and maintain the dinar value and stability. He pointed out that the rate of inflation … Continue reading
Posted in iraqi dinar, iraqi dinars
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Can the new Iraqi dinar save the country from collapsing?
The inflation and the economic deterioration led to Iraqi dinars depreciation due to sanctions imposed after the war between Iraqi and Kuwait. The Iraqi Central Bank adopted a mechanism to maintain the value of the currency and the dinar exchange … Continue reading
Posted in iraqi dinar, iraqi dinar revaluation, iraqi dinars
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Economists predicted changes in the Iraqi dinar evolution
Economic experts predicted negative changes in the Iraqi economy due to the devaluation of the dollar which involves a declension in dinars development. The depreciation of credit sector in U.S. directly affected the national economy. The economist, Sumaisem affirmed that … Continue reading
Posted in iraqi dinar, iraqi dinar revaluation, iraqi dinars
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The draft bill of deleting zeros from the dinar was submitted to Parliament
The deputy governor of Iraqi Central Bank submitted the draft law of deleting zeros from the Iraqi dinar to the Government and Parliament for deliberation and approval. Mohammed Saleh stated for a news agency that the bill submitted this week … Continue reading
Posted in iraqi dinar, iraqi dinars
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Dollar appreciation affects dinar value
Several experts affirmed that the dollar depreciation, which led to a high level of inflation would affect the Iraqi economy including dinars value. The deputy governor of Iraqi Central Bank, Mohammed Saleh said that dollar’s fall affected trading countries inclusive … Continue reading
Posted in Uncategorized
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Central Bank news on Iraqi dinar
The Central Bank deputy governor, Mohammed Saleh said for the news agency The Morning that the financial value of the Iraqi dinar would not be affected by the deletion of three zeros. Both the new and the old currency will … Continue reading
Posted in iraqi dinar, iraqi dinar revaluation, iraqi dinars
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The new Iraqi dinar will be printed in three languages
The Constitution announced that the new dinars would be printed in three languages Arabic, Kurdish and English, stressing that the replacement process would be gradual. The Central Bank adviser, Mohammed Saleh stated for the news Agency that there would be … Continue reading
Posted in iraqi dinar, iraqi dinars
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Iraq needs economic plans to raise dinars value
The head of private banks Association, Aziz Hassoun affirmed that the main problem of Iraq was the lack of an efficient economic system including the Iraqi dinar uncertainty. The unstable security situation discouraged foreign investors to invest in the Iraqi … Continue reading
Posted in iraqi dinar, iraqi dinars
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