The Iranian rial falls to a new record low against the dollar., 7 APRIL

 The Iranian rial falls to a new record low against the dollar. 

4/5/2025

The Iranian rial hit a record low against the dollar, trading at 1,043,000, as tensions between Washington and Tehran escalate.

This decline occurred during the Persian New Year, Nowruz, when currency exchanges closed and transactions were limited to informal street trading, placing additional pressure on the market.

On Ferdowsi Street in the Iranian capital, Tehran, the heart of the country's currency exchanges, some merchants have closed their electronic signs displaying the current exchange rate amid uncertainty about the extent of the rial's decline, according to the Associated Press.

Iranians seeking safe havens for their savings amid an annual inflation rate of nearly 40% are turning to gold, dollars, and other currencies, threatening further challenges for the rial.

The Iranian currency was trading at around 55,000 rials to the dollar in 2018, when the Trump administration, during his first term, imposed sanctions to force Tehran to negotiate by reducing its oil exports and limiting its access to foreign currency.

The United States has imposed four rounds of sanctions on Iranian oil sales since Trump returned to the White House.  LINK

AJ👇👇GO Al-SUDANI, 7 APRIL

 AJGO Al-SUDANI

He gave directions to enhance banking and financial services between US and Iraqi firms WHY? Al-Sudani responded to tariffs by issuing four directives aimed at protecting Iraq’s economic interests and fostering an equal trading relationship with the United States. Addressing Trade Imbalances - Through Direct transactions, customs charges on Iraqi exports was based on the imbalance of trade between the two countries instead of on Iraqi customs regulations against US products. The assessment showed that the vast bulk of Iraq’s purchases of US goods come from marketplaces in other countries due to specific procedures that American businesses have adopted in their business interactions with Iraq The measures were taken during a meeting chaired by Prime Minister Mohammed Shia Al-Sudani to address the commercial and financial impacts of Washington’s decision to increase customs charges on items imported from other countries. By improving banking and financial services, Al-Sudani aims to create a more efficient trade ecosystem that can absorb some of these costs of tariffs. A better financial services would enable Iraqi firms to access U.S. markets more competitively, negotiate better terms, or explore alternative payment mechanisms that reduce the financial burden of tariffs.

WOLVERINE: Received news 100% that will be receiving our blessing this coming week but not Monday

 

FRANK26: "WHY IS THERE A NEED TO REMIND THE CITIZENS THAT THE VALUE WAS $3.00 ???...ASRAFLAK!!!, 7 APRIL

 KTFA

FRANK26: "WHY IS THERE A NEED TO REMIND THE CITIZENS THAT THE VALUE WAS $3.00 ???...ASRAFLAK!!!.........F26 

Erbil celebrates the 94th anniversary of the issuance of the first Iraqi currency (photos)

 

4/5/2025

 

The Education Museum in Erbil, the capital of the Kurdistan Region, held a special event on Saturday to mark the 94th anniversary of the issuance of the first Iraqi currency, with a large educational and cultural presence.

The ceremony included a display of a wide range of ancient Iraqi coins, documenting the political and economic transformations the country has undergone from the royal era to the present day.

The event featured a rare display of various types of banknotes and coins, including first editions bearing the image of King Faisal I, through decades of changes that accompanied the monarchy and republican systems, and up to the most recent editions.

In an interview with Shafaq News Agency, the director of the educational museum, Omid Al-Barzanji, said, "Today's event is a display of Iraqi currency from the time of King Faisal until the present day."

He added, "This date is very important to us, because professors in the past were very interested in collecting coins and their types to display to students as historical evidence. Why? Because every coin, whether paper or metal, has a special stamp or markings that indicate the historical period in which it was issued and reflect the period in which people lived."

"For this reason, professors have paid attention to it, and today we attach special importance to it on the occasion of the 94th anniversary of the issuance of the first Iraqi currency," Al-Barzanji added.

He continued, "We are displaying these coins so that the new generation can learn that the Iraqi dinar was worth three dollars, or even more, in the past. Compared to the current currency situation, we notice a decline in its value.This display also shows the new generation that Iraq has gone through many circumstances and challenges, and has lived through multiple phases, from the era of the monarchy to the republic, all the way to the present day."

The museum director concluded his remarks by saying, "Every period has a story, and every era has a history, and we showcase this history through Iraqi currency."

 

 

 

 

 

 

 

 

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How To Win in One of the World’s Toughest Markets | Mohammed Khudairi

 Fnu Lnu 

 VIDEO: The [below] video shows us quite a few things about reality in Iraq...

Business is booming and challenges abound. 

The one thing glaringly missing is the subject of economic and monetary reform...Bureaucracy is still a major challenge...

The big takeaway is that patience is paramount and persistence wins the race...Watching this video will give you an extremely clear overview of what is going on in our favorite country. I urge you to watch...

FIREFLY: WHEN THE COM IS FINISHED, ALAQ WILL GIVE US THE RATE!! @DINARREVALUATION #iraqidinar

 

FRANK26: "THERE IT IS, WHAT WE SAID ON TUESDAY's UB2B... PRESSURE FOR PURCHASING POWER!!!", 7 APRIL

 KTFA

FRANK26: "THERE IT IS, WHAT WE SAID ON TUESDAY's UB2B... PRESSURE FOR PURCHASING POWER!!!".....F26 

Iraq faces economic pressures... US tariffs could be the beginning of upcoming challenges.

 

4/5/2025

 

Economic expert Salah Nouri confirmed on Saturday that the government may be forced to revise its general budget estimates in light of emerging economic challenges, particularly with shifts in oil revenues and remittances from the US.

 

Nouri told Al Furat News Agency that "Iraq will not be directly affected by the new US customs duties on oil exports, as Iraqi oil exports to the United States are not included in these duties."
He explained that "although Iraq imposes customs duties on luxury cars imported from the United States, Baghdad may face future pressure to reduce these duties." 
He added, "It is likely that Washington will take certain measures to pressure Iraq in this regard, but these scenarios remain mere expectations at the present time." 
 

From.. Raghad

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