ingram

The Federal Reserve Bank in New York City had a fit and began implementing restrictions…You see, the U.S. holds the money Iraq makes from oil sales…Iraq is caught between the […]

How Iraq caused the currency crisis – Here’s what happened.  Iraq spends around $900 million a month on Iranian goods.  $50…is for electricity and gas…Now the mistake – The U.S. […]

The Iraqi prime minister announced Iraq will be self-sufficient in gas within three years.

Many of us are wondering if these new deals with China…are good for our Iraqi dinar investments…what we are seeing is a small country pulling away from the west and […]

The exchange rate between the USD and the IQD is still at 1458 on the international currency feed.  We don’t know why it has not calculated to 1300 per the […]

This is the first time imports from China will be paid for in Yuan. Before now all imports were paid for in U.S. dollars.  The Central Bank of Iraq said […]

Currency Mayhem – IQD from USD to CNY.   Article:  “Iraq, short on dollars, moves to purchases with Chinese yuan”  To compensate for a foreign currency shortage Iraq Central Bank said […]

CBI announced Iraq will do business with China using the Chinese currency…this is an attempt the Central Bank of Iraq is saying to stabilize or help stabilize the IQD.

Houston we have a problem.   Counterfeit dollars and Iraqi dinars found in Northern Iraq.   Article: “Counterfeit money sweeping northern Iraq”  Counterfeit US dollars deepens the financial crisis in Iraq as […]

The IQD rate still does not show 1300 IQD to 1 US dollar.  We are not sure if the 1300 IQD rate is in effect.  However, a rate of 1310 […]

Article:   “Commission of Integrity issues 90 arrest warrants for official”  The officials include 4 MPs in the current parliament.  5 former MPs.  4 former ministers…2 current undersecretaries.  3 former undersecretaries […]

Article:  “Congressmen call for more US support for Kurdistan Region, tougher position toward pro-Iran elements in Iraq”  This cannot be good.  Or it may be the best thing that has […]

What is Iraq doing to prepare for entering the global financial world?  It is efforts like this that encourage our belief that the Iraqi dinar will revalue at a much […]

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 […]