About the United States Dollar / Iraqi Dinar currency rate forecast
USD/IQD Currency Rate is 1309.540 today.
1 year USD/IQD Forecast: 2278.0195609288 *
5 year USD/IQD Forecast: 7854.870 *
As of2023 August 09, Wednesdaycurrent rate ofUSD/IQDis1309.540and our data indicates that the currency rate has been in a downtrend for the past 1 year (or since its inception).
United States Dollar / Iraqi Dinar has been showing a declining tendency so we believe that similar market segments were not very popular in the given period.
Our site uses a custom algorithm based on Deep Learning that helps our users to decide if USD/IQD could be a good portfolio addition for the future. These predictions take several variables into account such as volume changes, rate changes, market cycles.
Future currency rate of the currencies is predicted at 2278.0195609288 (73.956% ) after a year according to our prediction system.
This means that if you invested $100 now, your current investment may be worth $173.956on 2024 August 09, Friday.
This means that this pair is suited as a new addition to your portfolio as trading bullish markets is always a lot easier.
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 9th:
TTM Technologies (TTMI- Free Report) : This company which is a leading global printed circuit board manufacturer, focusing on quick-turn and volume production of technologically advanced PCBs, backplane assemblies and electro-mechanical solutions, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.7% over the last 60 days.
Paylocity Holding (PCTY- Free Report) : This company which offers cloud-based payroll and human capital management (HCM) software solutions to medium-sized organizations across the U.S, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.8% over the last 60 days.
Paylocity Holding’s shares gained 19.0% over the last three months compared with the S&P 500’s gain of 9.7%. The company possesses a Momentum Score of A.
Modine Manufacturing (MOD- Free Report) : This company which operates primarily in a single industry consisting of the manufacture and sale of heat transfer equipment, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.9% over the last 60 days.
Modine Manufacturing's shares gained 121.8% over the last three months compared with the S&P 500’s gain of 9.7%. The company possesses a Momentum Score of B.
Vietnam, Iran boast potential to boost economic, trade ties: forum | Vietnam+ (8/9/23)
The Vietnamese and Iranian economies are reciprocal, and the two countries have a lot of potential to advance their economic and trade cooperation, making it match the good bilateral political and diplomatic relations, heard a forum on August 9.
he forum on policies and laws to promote economic, trade and investment ties between Vietnam and Iran was jointly held by the Vietnamese Ministry of Industry and Trade, the Vietnamese Embassy in Iran, and the Iran Chamber of Commerce, Industries, Mines and Agriculture, as part of National Assembly (NA) Chairman Vuong Dinh Hue’s ongoing official visit to Iran.
In his remarks, Hue said bilateral trade and investment activities between the two countries have been developing fruitfully and will be on par with their political and diplomatic ties.
He highlighted good sentiments and mutual respect between Vietnam and Iran, their multi-faceted cooperation, and collaboration and mutual support at multilateral forums.
The top legislator used this occasion to brief the participants on achievements Vietnam has recorded in reform and international integration over the past 37 years, with its gross domestic product (GDP) reaching 410 billion USD last year.
Vietnam is striving to reach a GDP growth rate of 6.5% this year, and keep inflation at around 4.5%, he added.
The country is working towards strategic breakthroughs in terms of economic institutions, workforce quality, science-technology, education-training, and infrastructure, especially transport infrastructure, the leader continued.
According to the NA Chairman, Vietnam’s export revenue was valued at 735 billion USD last year, becoming one of the 20 countries with the highest trade value in the world.
Vietnam has also been named among the world's top 20 host economies for foreign direct investment (FDI) by the United Nations (UN) with an inflow of 450 billion USD poured into 37,000 projects, Hue went on.
The leader suggested Vietnam and Iran remove obstacles to raise their bilateral trade in the near future and continue perfecting legal frameworks to facilitate the operations of their businesses and investors.
He urged working groups for trade exchange and payment to step up their operations, emphasising that the two countries have signed many agreements on double taxation avoidance, judicial assistance and customs, along with memoranda of understanding on technology and education.
Within the framework of the official visit, the two sides have reached more cooperation documents, covering collaboration between the legislative bodies, plant and animal quarantine, culture and education, among other fields.
The Vietnamese legislature has been making all-out efforts to consolidate the legal system, and untangle knots for foreign investors in the country, the NA Chairman affirmed, noting that the Vietnamese and Iranian legislatures will work together to supervise the governments’ implementation of the documents, especially those in economy, trade and investment.
He said the two countries’ chambers of commerce and industry should organise more cooperation activities and delegation exchanges to tighten connectivity between localities and enterprises.
Hue expressed his belief that the bilateral economic, trade and investment ties will grow further in the time ahead.
Speaking at the event, Chairman of the IranChamber of Commerce, Industries, Mines and Agriculture Hossein Selahvarzi called for greater efforts by both sides to promote their economic and trade cooperation.
Talar Poshti, Chairman of Industries and Mine Committee of the Iranian Parliament, said Iran has put forth many programmes and plans to strengthen cooperation with Vietnam, stressing they will likely help promote the economic, trade and investment ties.
Meanwhile, Pour Ebrahimi, Chairman of the Iranian Parliament's Economic Committee, expressed his impressions on Vietnam’s socio-economic achievements, and affirmed that the Iranian government and people want to enhance economic and trade cooperation with the Southeast Asian nation.
He also noted hope that Hue’s visit will open up a new chapter for the bilateral economic and trade collaboration.
Defined outcome ETFs that allow investors to participate in the market's upside up to a cap while limiting losses if the market falls are one of the fastest-growing segments of the ETF market. They saw record inflows amid continued market turbulence last year.
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This product seeks to track the return of the SPDR S&P 500 ETF Trust (SPY Quick QuoteSPY - Free Report) , up to a cap of 16.6%, while buffering investors against 100% of losses over the outcome period of two years. Investors forgo dividend income and pay an expense ratio of 0.79%.
Like other buffer ETFs, this product also invests in a basket of FLEX options with varying strike prices. The strategy involves buying call options to gain SPY exposure and put options for downside protection, and then offsetting the costs by selling call options, which caps upside returns.
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To learn more, please watch the short video above.
They’re openly telling you, ‘Our dinar is our sovereignty.’ Well exactly, so let’s get on it. Do it. Get it done. And that’s what we’re seeing…I think they’re going to be doing it quite quickly now. And I think we’re going to start watching some circumstances unfold in the very short period of time, whether that’s this week or not is to be determined but they’re openly showing that they are doing things that suggest they’re doing things today, tomorrow, the next day, next week, they’re moving forward. They’re not going to stop.
The Black market goes away as we know it once Iraq changes the exchange rate to exceed the dollar in value. imo.
MarkZ
[via PDK]
I have been told over and over again the NDA will be about the rate. We can tell them we exchanged dinar…we are just not allowed to tell the specific rate we were paid. That is what I was told. This makes sense.
Member comment: A banker was said to have told a customer who asked about the new offices…was told it was for currency exchanges. He was asked if he had any and he said “dong and rate will be $3 per dong” MarkZ: We had something similar happen in several different areas.
In Iraq “On top of them is Al Kazemi. Al Musawi demands that those who were involved in steal of the century be tried publically in the center of the capita
l” 2 and ½ Billion dollars funneled out by government officials. They want disclosure…It’s everything to them, and they want to air all the dirty laundry. I think this is a huge step and a very healing step. They want to try these people so it never happens again…They are making certain things are safe and transparent.
