ingram

Iraq manages its exchange rate through a currency auction system.  Every weekday the Central Bank of Iraq hold auctions where it sells US dollars, which come from Iraq’s oil revenues, […]

Any perception that Iraq is siding with one party over the other could draw the country into the geopolitical crossfire.  In short the Israel-Iran conflict could lead to oil price surges […]

Any perception that Iraq is siding with one party over the other could draw the country into the geopolitical crossfire.  In short the Israel-Iran conflict could lead to oil price surges […]

The US has strengthened its travel warning to include Israel, Iran, Iraq and Jordan.  My trip to Turkey to explore the IQD currency exchange possibilities is on standby until we can […]

Question:  “What will happen to Iraq’s economy because of the Israeli-Iran war?”  If tensions escalate into direct military confrontation the entire Middle East could see disruptions in oil production and exports.  Iran might attempt […]

Iraq has asked the United States not to allow Israel to use Iraqi airspace to send missiles to Iran.  All airspace above Iraq has been shut down.  That means no […]

Imagine this, you’re a Princeton graduate student on a research trip in Iraq, then suddenly you’re kidnapped.  That’s exactly what happened to Elizabeth Tsurkov who was taken last year while […]

Iraq is on the Forex market in principle but not in practice.  For most global traders if Iraq continues its reforms, closes the black market gap and gains IMF Article VIII […]

Parallel or black market forex still exists in Iraq…where the US dollar is traded slightly higher rate than the official one.  The US and Iraq are working to close this gap by putting […]

You cannot exchange foreign currency without your passport [at an international airport].  The amount determines reporting requirements.  The limit is $10,000 per transaction per day.  Therefore to exchange $100,000 you would need to […]

Iraq is witnessing a remarkable surge in stability and security…positioning Iraq as a regional hub for trade and investment.

This is breaking news reported by the New York Times…”U.S. to Reduce Diplomatic Presence in Iraq amid rising tensions.”  This move comes as tensions in the Middle East are rising and talks […]

Compared to Iran, Iraq is a wealthy country with over $100 billion in foreign reserves.  However, if the US doesn’t see the implementation of global standards in the banking sector […]

Iraq is on the Forex market… but not in the same way as major global currencies like the US dollar, Euro or British pound.  The IQD is not freely convertible […]

For decades Iraq has relied almost entirely on oil sales to support its economy.  But now the government is working to create a second source of income by getting involved […]

As long as there is positive movement in Iraq [we] feel obligated to keep going…

The implications of [the Iran] negotiations extend beyond Iran and Israel…A successful deal could lead to regional stability potentially boosting Iraq’s economy and security…Iraq’s government must…foster positive relations with both […]

Here is another reason we believe something is happening behind the curtains.  First it was Facebook representatives meeting with the Iraqi prime minister and now it’s Elon Musk’s Space X.  These […]

Iraq has been under increasing pressure to adopt…anti-money laundering and anti-terrorism financing rules.  The United States insists unless Iraq fully complies with these standards, dollar transactions will remain restricted.  The […]

We have reason to believe we will see a rate change in the IQD much much sooner than a rate increase with the VND…

 Baghdad is caught between its neighbor Iran and the US government.  The US Treasury has slowed down the process of transferring Iraqi dollars from the US to the Iraqi because of non-compliance […]

There’s a major shakeup in the Central Bank of Iraq’s board of directors.  In a significant move to reform Iraq’s financial sector Prime Minister Sudani has initiated a restructuring of the […]