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The Iraqi cabinet set the official exchange rate at 1300 Iraqi dinars per 1 US dollar.  The change is based on the Central Bank of Iraq’s suggestion/recommendation.  The previous rate […]

Article:  “Republicans Put Iraq Aid on Chopping Block Over Country’s Support for Iranian Terrorism”  This is serious…troubling news…Republican leaders say they are done authorizing these growing aid packages following a […]

Emergency Breaking News Update.  IQD rate changed to 1300 to 1 dollar.  Hold on the fat lady is NOT singing…the Iraqi dinar has been selling at 1470 dinars against the […]

Iraqis protested Friday in Baghdad demanding the government take action to stop the economy crisis…after the Iraqi dinar plunged again…to around 1750 Iraqi dinar to $1 at street exchangers in […]

[Question] “Can Iraq’s ISX force an RV?  The answer is NO.  But here’s what it can do…the ISX is financially and administratively independent from the Iraqi government including the Minister […]

According to many there was supposed to be a revalue on the 29th of January. As you can see that did not happen.  However it could in the future.

The new cabinet is forcing stores and institutions to use Point of Sale transactions…POS are exempt from taxes…implementation effective June 1 2023.  This sounds like a digital economy to me.  […]

I remind you once again, you will only need to travel to exchange your IQD IF Iraq prints new money.

Article: “Iraqi Delegation Due In US Over Banking Restrictions Fro Dollar Smuggling To Iran”  Iraqi officials are scheduled to meet in Washington early in February to explain why the smuggling […]

The dinar went into a tail spin against the dollar after the New York Federal Reserve imposed tighter controls on international dollar transactions by commercial Iraqi banks in November to […]

Question:  “Is the IQD a good investment?”  The answer to this is yes.  Except for people are scamming people by selling the Iraqi dinar for higher rates and changing rates […]

Article:  “Iraqi dinar analysis”  Quote:  “Who is in charge of the IQD exchange rate?  The Iraqi government determines the Iraqi dinar’s value, and it does not fluctuate unless the central […]

Article – Iraqi dinar Analysis Quote:  “When are the Iraqi dinar going to be revalued?”  The Iraqi dinar’s value is unlikely to change until 2026.  The Iraqi Central Bank’s spokesperson […]

Iraq’s prime minister has dismissed the governor of the country’s Central Bank of Iraq and assigned its former chief of the CBI.  The Iraqi prime minister said he dismissed the […]

Iraq is facing a deepening hole in its public finances because of a crackdown on corruption and dollar smuggling…The Iraqi government depends on the auctions to convert dollars…they sell oil […]

Urgent Urgent news…it is no longer just one or two stories about the money situation in Baghdad. It has become a major unique report news on the International feeds coming […]

Iraq is still under sanctions and has an ongoing agreement with the U.S. government.

Iraqi banks have had to comply with certain criteria of the SWIFT International Transfer System in order to access their foreign reserves.  This foreign reserve is $100 billion is held […]

The official IQD exchange rate has been fixed at 1470 Iraqi dinars against 1 U.S. dollar.  Now the currency was trading at up to 1600 on local markets from mid-November […]

International news feeds light up with details on the Iraqi PM statement on US troops.  Article:  “Iraqi PM backs indefinite US troop presence in country”  Quote:  “Iraq would like similar […]

Article: “Iraq estimates 40% of population is aged below 15”  The estimated population of Iraq for the years of 2022 is 42 million…reason the government is overly concerned with such […]

Iraq is still under sanctions and the powers that be (UN, US, UK/EU, IMF, World Bank) are not interested in allowing Iraq back into the global markets with a track […]

In 2004 the CBI set up the foreign currency auctions as a way to control the rate on the black market.  Now we understand it is the black market that […]

Article:  “Iraqi dinar trembles as US fights currency flow to Iran”  Major major concern over currency in Iraq or the lack of U.S. dollar currency.  The U.S. has taken steps […]

Why the IQD/USD exchange rate matters to people in Iraq – Iraqis who are paid in dollars have more purchasing power…people paid in dinars have less purchasing power since imports […]

Why the IQD/USD exchange rate matters to people in Iraq – Iraqis who are paid in dollars have more purchasing power…people paid in dinars have less purchasing power since imports […]

All this talk about revaluing the currency is only about taking the currency from 1500 IQD back 1150 IQD approximately to 1 US dollar.  All this commotion does not include […]

This is breaking news.  Article:  “CBI takes action to stabilize Iraqi dinar exchange rate“  The CBI has announced measures to help stabilize the dinar/dollar exchange rate.  One of the measure […]