Sunday, December 24, 2023
The dollar continues its gradual decline, falling to 150 dinars, 25 DEC
The dollar continues its gradual decline, falling to 150 dinars
Mawazine News – Baghdad
The exchange rates of the US dollar continue to decline against the Iraqi dinar in the local markets in the capital, Baghdad, and the provinces.
Dollar prices fell with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 150,200 Iraqi dinars against 100 dollars, while this morning it recorded 151,950 Iraqi dinars against 100 dollars .
Selling prices in banking shops in local markets in Baghdad declined, as the selling price reached 151,250 dinars for 100 dollars, while the purchase price reached 149,250 dinars for 100 dollars.
It is noteworthy that the Federal Reserve Bank, the US central bank, imposed procedures and restrictions on external financial transfers from Iraq, to ensure that they do not reach Tehran and Damascus.
"RV UPDATE" BY RAYREN98, 25 DEC
RayRen98
US BANKS HAVE THE RATES, SAID THEY WERE WAITING FOR FOREX TO LOAD BEFORE THEY CAN START ...THEY "THOUGHT" IT WOULD BE AT OPENING ON SUNDAY EVENING, BUT NOT YET. FEDERAL RESERVE IS SENDING ALL STAFF IN TOMORROW NIGHT TO OBSERVE THE "TRANSACTION".
.. .I DO "BELIEVE" THAT IT HAS BEGUN!! RATES DID CHANGE IN IRAQ LAST WEEK...MAYBE AGAIN OVER THE WEEKEND ?
WAITING TO HEAR FROM SOME FOLKS WHO WERE EXCITED LAST NIGHT AND WERE LOOKING TO SEE SOMETHING (BEHIND THE SCENES) THROUGHOUT THE NIGHT...TIME WILL TELL
https://dinarevaluation.blogspot.com/2023/10/rv-update-by-babysmom-rayren98-17-oct.html
Washington reaffirms commitment to continuously provide dollar services to Iraq, 24 DEC
Washington reaffirms commitment to continuously provide dollar services to Iraq
Shafaq News / The US Ambassador to Baghdad, Alina Romanowski, reiterated her country's commitment on Sunday to continue providing dollar services to Iraq.
In a post on X platform, Romanowski wrote, "The US Treasury continues its cooperation with the Central Bank of Iraq (CBI)," noting that "several Iraqi banks have now formed relationships with international banks for the first time, a positive step in making progress on banking sector reform."
She concluded by stating, "We will continue to provide US dollar services to Iraq in the interest of economic stability."
Earlier, on November 29, 2023, the US Wall Street Journal revealed that Washington declined Iraq's request for one billion dollars in cash from the Federal Reserve, citing concerns about Baghdad's use of the dollar conflicting with their efforts to curb it and halt illicit cash flows to Iran.
The American newspaper quoted US officials saying, "Cash in the hands of Iraqis has become a profitable source of dollars that flow illicitly to militias, corrupt politicians, and Iran."
Furthermore, i n early October, CBI affirmed that dollar shipments sent by the Federal Reserve adhere to agreed-upon schedules and timelines between the two monetary institutions.
"RV UPDATE" BY FRANK26, 24 DEC
Frank26
Question: "When we go to exchange is the removal of the 3-zero notes going to affect the value of our dinar?"
If you look at the American currency...we actually have a $500...$1,000...$10,000 bill...but after World War II our country become very powerful and we got rid of the 3 zeros just what Iraq is doing but we didn't do it physically. We did it on our exchange rate... Those zero notes are still legal tender...
The dollar is slowly going down in value inside of Iraq.MELANIA HINDS CC HIGHLIGHTS NOTES, 23 DEC
MELANIA HINDS CC HIGHLIGHTS NOTES Summary Exciting updates on the Iraqi dinar as the Central Bank of Iraq continues cash auctions, with a h...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...