Thursday, January 2, 2025
Comprehensive Guide to Trading the Iraqi Dinar (IQD) on Forex - FOREX News on BitcoinWorld , 2 JAN
Comprehensive Guide to Trading the Iraqi Dinar (IQD) on Forex - FOREX News on BitcoinWorld (12/31/24)
The Iraqi Dinar (IQD) is the official currency of Iraq, and while it may not be as widely traded as major currencies like the US Dollar (USD) or the Euro (EUR), it holds significant interest for Forex traders looking to diversify their portfolios.
Trading the IQD on the Forex market presents unique opportunities and challenges, influenced by Iraq’s economic conditions, geopolitical factors, and global market trends.
This comprehensive guide delves into everything you need to know about trading the Iraqi Dinar on Forex, including live rates, trading strategies, market analysis, and tips for successful IQD Forex trading today.
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EXCERPTS FROM MARKZ, 2 JAN
EXCERPTS FROM MARKZ
Member: What’s the latest rates you have heard on dinar and dong Mark?
MZ: the latest I have heard is about $3.90 street rate on the dinar. Dong we have heard everything from .47 cents to almost $4.00….. Most of my sources are still telling me to expect it in the $2 dollar range
MZ: “Central Bank of Iraq has announced a transition for the electronic platform to banks with foreign transfers” This is INTERNATIONAL now!
MZ: “The CBE announces the official closing of the dollar selling window” Auctions are done and closed and they have announced the transition to the new process.
Member: Cut the talk- we want action. let's see them smaller notes in action
MZ: There was no auction today.
MZ: “Central Bank announces a major achievement in foreign transfers” So many articles and I only shared a few but, there is a lot of excitement in Iraq.
MZ: “Central Bank: We have started working on the Correspondent Banking System” this is the new system with international standards….
MZ: “The general authority of customs adopts the AYESCUDA system and deposits paperwork in a major reform step” This is a worlds standard amongst all the nations. This is starting today.
MZ: “Comprehensive guide to trading the Iraqi dinar (IQD) on forex” lookee here. BAM International guys!!
MZ: A number of people have checked in and they are very excited about the education and conversations in Iraq. The talk has been overwhelming about small notes…..or lower denominations….this is from government and banking employees throughout Iraq. Why d they need smaller notes?
Al-Fayadh: Iraq is strong with its PMF, army and sons, 2 JAN
Al-Fayadh: Iraq is strong with its PMF, army and sons
Baghdad / NINA /- The head of the Popular Mobilization Commission, Faleh Al-Fayyadh, stressed: "Iraq is strong with its popular mobilization forces, army and sons, and the supreme authority is present at every historical turning point, and the tribes are its first responder."
Al-Fayyadh said in a speech at a tribal conference in Dhi Qar Governorate: "The structure of Iraqi society is based primarily on the tribal situation, and the tribal situation is a solid entity in all calamities and difficult times," indicating: "The supreme religious authority is present at every historical turning point and the tribes are its first responder, and the fatwa of jihad would not have taken its echo without the tribes' responders and their great response."
He added: "The tribes are the backbone of the Iraqi people, and the PMF is from you and to you, and presented its best sons and leaders, including al-Muhandes and the martyr Soleimani," indicating: "Dhi Qar is a distinct identity in Iraq, and stability in Dhi Qar is reflected in all parts of Iraq."
He continued: "Iraq is strong with its PMF, army and sons, and it will remain strong with the presence of the Supreme Religious Authority that sees that there are acceptable paths." End
Al-Fayyadh said in a speech at a tribal conference in Dhi Qar Governorate: "The structure of Iraqi society is based primarily on the tribal situation, and the tribal situation is a solid entity in all calamities and difficult times," indicating: "The supreme religious authority is present at every historical turning point and the tribes are its first responder, and the fatwa of jihad would not have taken its echo without the tribes' responders and their great response."
He added: "The tribes are the backbone of the Iraqi people, and the PMF is from you and to you, and presented its best sons and leaders, including al-Muhandes and the martyr Soleimani," indicating: "Dhi Qar is a distinct identity in Iraq, and stability in Dhi Qar is reflected in all parts of Iraq."
He continued: "Iraq is strong with its PMF, army and sons, and it will remain strong with the presence of the Supreme Religious Authority that sees that there are acceptable paths." End
TIDBIT FROM MILITIAMAN, 2 JAN
Militia Man
Article: "Parliamentary Finance Committee demands clear guarantees to resume oil exports from the region"
That would likely be an exchange rate for determination of the precise clarifications and guarantees. It looks to be a timing thing now for Iraq to expose a new exchange rate...
They're talking about the issuance of money and aren't we waiting for a new exchange rate?
Yes we are. I think that's the whole premise here.
They're getting rid of the dollar auction. Now it's called the currency window...No wonder these guys in the street are nervous.
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TIDBIT FROM MNT GOAT, 6 JAN
Mnt Goat Article: " WITH THE BEGINNING OF THE NEW YEAR, THE US DOLLAR ENTERS A NEW PHASE IN IRAQ " WOW! This...says it all...
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