A New Step May Fluctuate The Dollar Exchange Rates.. What Do Economists Think?, 13 NOV

 A New Step May Fluctuate The Dollar Exchange Rates.. What Do Economists Think?

 Posted 12 seconds ago    News source /newsroom  News source/ newsroom  Today, Sunday, the economic expert, Abdul Rahman Al-Mashhadani, explained the impact of the approval to enhance the dollar balance of 10 banks on exchange rates in local Iraqi markets, while explaining the repercussions of the decision.    

Al-Mashhadani said, in an interview with the Maalouma Agency, that  “visiting the balance of ten banks in dollars will be one of the factors that will reduce the pressure on the dinar.”

Because a portion of the financial transfers that pass through the electronic platform are rejected for some reason or without,” indicating that

“the past few days have witnessed the rejection of 80% of external transfers.”

 He added,   “The pressure will be eased on the dinar as well; Because the transfer transactions, or the transferees, instead of being audited by the US Federal Bank, will be audited by JP Morgan,” pointing out that “the latter’s scrutiny is more severe than the Federal Reserve Bank.” 

The economic expert explained,   “These banks have relationships, as partners, with international banks such as Al-Qantar National, Capital Bank, and the Kuwait Finance Bank, in addition to the Kuwait National,” noting that

“it is true that these banks are Iraqi, but the entry of the founding partners of these international banks, organized “To them.”  Al-Mashhadani stated,

 “The transfer mechanism will pass without the Central Bank of Iraq, especially after transfers were delayed by 8-20 days.

However, using this method, it is possible to pass financial transfers within a day or two.”

Earlier today, a government source revealed an Iraqi-American agreement to enhance the balance of 10 banks in dollars in light of the recent meetings of the Central Bank with the American side, five of which were through Citibank, and the other five through JP Morgan.

During the current period, the exchange rates of the dollar in the local markets are witnessing a significant increase, as the exchange rate of 100 dollars reached more than 164 thousand dinars, in light of large sales to the Central Bank of Iraq, on a daily basis.    https://iraqakhbar.com/4105470

Iraqi Dinar Strengthens Against US Dollar: Nears Exchange Rate of 81, 13 NOV

 Iraqi Dinar Strengthens Against US Dollar: Nears Exchange Rate of 81, 13 NOV

In a recent turn of events, the exchange rate of the Iraqi Dinar to the US Dollar is inching close to 81. This development marks a significant shift in the currency dynamics of one of the most oil-rich countries in the Middle East.

Currency Exchange: A Balancing Act

As the value of the Iraqi Dinar strengthens, the government is seen to be taking an active role in managing the exchange rate to stabilize the country’s economy. It’s a delicate act that requires a thorough grasp of global market trends and an understanding of the significant role currencies play in shaping a nation’s economic future.

Global Currency Market: A Constant Flux

The world of currency exchange is a complex ecosystem where rates fluctuate based on various global factors. The rising exchange rate of the Iraqi Dinar to the US Dollar is a testament to this flux. It’s not just about the Dinar and the Dollar. The Euro, too, is mentioned in the narrative, underscoring the interconnectedness of global currencies.

Interactive Platform: Engaging Stakeholders

The narrative also points towards the use of an interactive platform, urging individuals to comment, log in, and utilize various services. This feature is indicative of the growing trend towards digitization in financial services, fostering greater participation and transparency.

https://bnn.network/world/iraq/iraqi-dinar-strengthens-against-us-dollar-nears-exchange-rate-of-81/

Vietnam Dong update for 11/12/23 investors in and out BY PIMPY

"RV UPDATE" BY PIMPY, 13 NOV

 Pimpy 

 The news continues to get better and better.  Article:  "JP Morgan strengthens 5 Iraqi Banks"   Another article with really good news...It's exciting to hear this news.  I'm not going to get overly hyped.  I'm going to stay grounded but it is looking very very good. 

 We all agree that it appears Iraq is headed in the right direction.  That's always a good sign.

Articles that we spoke about pertaining to  the importing of foreign currencies is a great thing for Iraq but they need more than just that to move forward with increasing the Iraqi dinar.  Now, having said that, that is a great huge first step.  That isn't a small thing.  That's big.  The other things are making sure your government and economy are stable.   That is something within their grasp if they could just work together. 

 I believe the dinar is going to go up in value in such a way that it's going to create a bunch of millionaires.

Understanding the USD/IQD Exchange Rate: Insights into Kurdistan Region’s Economy, 13 NOV

Understanding the USD/IQD Exchange Rate: Insights into Kurdistan Region’s Economy

The exchange rate of the Iraqi Dinar (IQD) against the US Dollar (USD) in the Kurdistan Region is currently 100 USD for 159,900 IQD. This rate is a critical barometer of the region’s economic health. It is worth noting that the actual exchange rate can fluctuate, with data from Exchange Rates UK indicating that one USD is worth 1309.0175 IQD at a specific date and time.

Fluctuating Exchange Rates Depict Economic Dynamics

This disparity underscores the volatility of the currency exchange rate, as it is subject to frequent changes. A look at the historical perspective further reveals that the current rate is higher than the previous day’s, further emphasizing the dynamic nature of the currency market.

Real-Time Conversions Amidst Dynamic Exchange Rates

In a world where the exchange rate is highly volatile, the availability of a currency converter tool for real-time conversions becomes increasingly significant. This is particularly crucial for individuals and businesses conducting international trade or financial transactions involving the USD and IQD.

Global Currency Volatility and its Implications

Exchange rate fluctuations are not isolated events but part of the broader volatility in global currencies. This is influenced by various economic trends and geopolitical developments worldwide. Consequently, the IQD’s exchange rate is not immune to these factors.

Understanding the Factors Influencing Exchange Rates

Reports on the U.S. dollar’s performance, its impact on gold prices, and fluctuations in Baghdad and Erbil’s markets contribute to a comprehensive understanding of the dynamics affecting the exchange rate. Furthermore, coverage extends to geopolitical events, such as the Gaza crisis and bilateral relations with the UK, which can impact currency markets.

In conclusion, the data on the USD/IQD exchange rate provides valuable insights into the economic landscape of the Kurdistan Region and beyond. It highlights the volatile nature of exchange rates, the necessity of real-time currency conversion tools, and the interconnectedness of global events with currency fluctuations.

https://bnn.network/world/iraq/understanding-the-usd-iqd-exchange-rate-insights-into-kurdistan-regions-economy/

Dinar’s Rise, Oil Exports, and the Emergence of ALIF COIN, 13 nov

 Dinar’s Rise, Oil Exports, and the Emergence of ALIF COIN, 13 nov

Amidst the whirl of financial news, the Iraqi Dinar has emerged as a beacon of positivity, closing the market with a notable rise in its value. This surge is indicative of potential economic implications, painting a picture of a bolstering economy.

Prime Minister Urges Resumption of Oil Exports

In an urgent meeting with the Iraqi Ministry of Oil delegation, the Prime Minister of the Kurdistan Regional Government underscored the significance of oil exports for the regional economy. The temporary cessation of these lucrative exports has reportedly inflicted several billion dollars in losses upon the public treasury, underscoring the need for a swift resumption.

Cryptocurrency: The Rise of ALIF COIN

While the world of finance fluctuates, ALIF COIN, a burgeoning cryptocurrency, has made its presence felt with a robust market cap and volume. The content provides a panoramic view of its performance, detailing its exchange rate vis-à-vis the Iraqi Dinar and offering historical data and fluctuations. This comprehensive overview of ALIF COIN’s performance signifies the growing influence of cryptocurrency in the financial landscape.

Iraqi Dinar and US Dollar: A Comparative Study

Pivoting to the broader financial landscape, the exchange rate between the Iraqi Dinar and the US Dollar serves as a barometer of economic health. The recent rise in the value of the US Dollar compared to the Iraqi Dinar may have far-reaching implications for trade and investment, suggesting a reshaping of the economic milieu.

In conclusion, this complex tapestry of financial and economic information, ranging from the strengthening of the Dinar, the crucial role of oil exports, the buoyant ALIF COIN, and the comparative study of the Iraqi Dinar and US Dollar, offers a comprehensive view of the financial environment. It is these intricate details that provide readers with a clear lens through which to view the global economic landscape.

https://bnn.network/world/iraq/dinars-rise-oil-exports-and-the-emergence-of-alif-coin/

Iraqi Dinar Rate GCC States Visa Iraq's Travel Tourism #iqd BY SANDY INGRAM