Posted by FreedomFighters 281 Views Latest ‘Drain-The-Swamp’ News - Monday, 28th of December - Morning Coffee Edition Edition. A member of Iraq's Parliamentary Finance Committee has reportedly confirmed the government's intention to devalue the Iraqi dinar. This simply means that the buying power of the Iraqi employees would be cut by 20 to 25 percent. ... USD/IQD rate equal to 1462.500 at 2020-12-28 (today's range: 1187.850 - 1462.500). By Editor on. Dinar is the currency used in Iraq that is attracting a lot of investors in different parts of the world. Can you please give me any recommendation ? At the same time, the value of Dinar is decreasing In a statement, the Central Bank set the new rate for the dinar, which is pegged to the U.S. dollar, at 1,450 IQD when selling to the Iraqi Finance Ministry. Now you have to be patient and allow them to get everything in order…you have to let them finish what they’re doing. On the contrary, devaluing the currency for a while will be good for them. All Rights Reserved. 2020 IQD = 1.38632 USD. Really? at 8:32 am. Iraq had a stable history until the year 1980. Share to Twitter Share to Facebook Share to Pinterest. "No Foreign Pilgrims Allowed" in Iraq for Arbaeen, Schneider Electric signs MoU for Electricity Distribution in Iraq, Belgium enhances Support for Stabilization in Iraq. at 8:23 am, {Baghdad: Al Furat News} Today, Tuesday, the Council of Ministers held a regular session headed by the Prime Minister, Mustafa Al-Kazemi, during which they discussed developments in the events, as well as discussing the topics included in its agenda. Iraqi Dinar Guru opinions 12-26-2020 . Posted by Read more…, Be the first to comment - What do you think? 17 Dec 2020 ‘Series of assassinations’ feared in Iraq after professor killed prices , exchange offices: Read more…, Be the first to comment - What do you think? It's not really a "revalue" as much as a "reinstate". The citizens were horrifically abused, the economy failed and Hussein stole from the banks. That's 100% profit on any book. Contact us for older Dinar. Posted by You’ll see different articles conflicting with one another that’s why you can’t get too excited with good news and get too bummed out with bad news. Brutal honesty is appreciated . CBI INFO & IRAQI DINAR NEWS   Tags: {Baghdad: Al Furat News} The Central Bank of Iraq’s dollar sales continue to decline in an unprecedented way. Iraqi MP says Govt to Devalue Dinar. IRAQI DINAR REVALUE NEWS There hasn’t been any substantial news in regard to a potential revaluation of the Iraqi dinar. Are they talking about a devaluation from pre-war rates? Last Updated: 20th December, 2020 06:30 IST Iraq's Central Bank Devalues Dinar By 22% Iraq's central bank on Saturday announced it will devalue the Iraqi dinar by over 20 percent in response to a severe liquidity crisis brought on by low oil prices, a measure that has sparked public outrage as the government struggles to make payments. IRAQI DINAR POLITICS & ECONOMY   Tags: According to the bank’s daily bulletin on the currency auction on Thursday, the total sale for purposes of strengthening funds abroad Read more…, Be the first to comment - What do you think? Posted by Committee member Ahmed Hama Rashid said in a statement that the Al Furat News Agency received, “The 2021 budget in terms of form is the most elegant budget since 2006 until now and contains a set of important reports on trade policy and the monetary budget …. FILE - In this Oct. 21, 2020 file photo, people shop at old Basra market, Iraq. From 1980 to 2003, Iraq was terrorized by Saddam Hussein. They have to add value to their currency as a policy so they can create the markets…If you look at it through that direction it’s crystal clear. Guru's, Iraqi Dinar, Shafaq News / On Thursday, the President of the Republic, Barham Salih, considered that the political system that ruled the country since the fall of Saddam Hussein’s regime until now has been unable to serve the Iraqis, calling at the same time for a review of the situation and the adoption of reform decisions on their impact and the removal of people and their power Read more…, Be the first to comment - What do you think? I Iraqi dinar will never become a strong again as it was in 1970or1960. Why is the devaluation even an option? at 7:30 am, [Baghdad-Where] The Iraqi Dinar, {Baghdad: Al Furat News} The Central Bank of Iraq’s dollar sales continue to decline in an unprecedented way and to the lowest level in years. The Parliamentary Finance Committee said, “The new budget is the largest in the Arab world after Saudi Arabia, while the currency selling window was accused of” currency smuggling “according to a systematic work. Historically, the Iraqi Dinar reached an all time high of 1460 in December of 2020. 21 hours ago. Kind of like the famous photos of German citizens needing wheelbarrows full of money to buy a loaf of bread during the Weimar Republic. Young people run to get government job , if the salaries are not attractive , they will seek other options like getting small business . The USDIQD decreased 2.9200 or 0.20% to 1,457.0800 on Monday December 28 from 1,460.0000 in the previous trading session. It seems like we are very close to achieving our goals...hopefully with the rate that all of us would be very very happy with... ***** Iraqi Dinar News 07/19/20 - big week ahead at 8:21 am, {International: Al Furat News} Iraq agreed on a deal worth 2.625 billion dollars with “Daewoo” Engineering and Construction, South Korea, today, Wednesday, to build the first phase of the Faw commodity port, which it is planning in the south of the country. A correspondent reported Read more…, Be the first to comment - What do you think? February 15, 2012 at 5:35 pm, 12-31-2021 Newshound Guru Pimpy Article “After the central bank was hit by a surprise… Iraq may move to change the dollar exchange rate”. In no way does devaluing make sense. To put it more precisely, if an Iraqi employee is paid 1 million dinars, his money could buy $840 this year but with the dinar price cut between 16 and 17 percent, their salary can buy only $600 in 2021. If it doesn't revalue can we get what we paid for it 8 years ago? Dec 30, 2020 The Central Bank of Iraq devalued the dinar against the US dollar by 18.5% as a measure to counter the financial crisis caused by the coronavirus pandemic, the drop in oil prices in the global market and the increase in Iraqi government spending on salaries.. He added, “As for content {it is} the saddest budget prepared by the Ministry Read more…, Be the first to comment - What do you think? Ministry of Electricity pledged, on Wednesday, to improve energy supply hours for citizens, starting this evening. That really doesn’t make for a better economy which they are trying to recover from. A member of Iraq's Parliamentary Finance Committee has reportedly confirmed the government's intention to devalue the Iraqi dinar. admin - admin - The residual effects of Saddam Hussein’s horrific reign are still keeping the Iraqi Dinar’s value artificially low. at 7:33 am. Central Bank in Iraq opts to devalue dinar by The Associated Press | December 20, 2020 at 4:00 a.m. At this moment its only worth a few pennies per Dinar . According to the Iraqi Central Bank, the new exchange rate is 1,460 dinars, down from 1,182. Historically, the Iraqi Dinar reached an all time high of 1460 in December of 2020. We’re talking about increasing the value of the dinar against the U.S. dollar. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 2020 Iraqi Dinar (IQD) to US Dollar (USD) from Tuesday, 29/12/2020 till Tuesday, 22/12/2020. December 31, 2020 at 8:27 am, Categories: PSYCHIC LJ PREDICTIONS , GLOBAL EMERGENCY COMING ! Iraqi Dinar Forecast Tuesday, 29 December 2020. I know many people that foolishly bought Iraqi Dinar thinking it would revaluate in the future . I'm excited about this. Kuwait did this in 1991 revaluation of their currency! Rate target in 14 days: 1651.040. December 30, 2020 at 9:09 am. Maybe the people who are complaining should reread this and maybe try to understand what that means. Or it makes some people think, and it makes other people angry. 2h. Full history please visit IQD/USD History (more…), Posted by 15, 2018) (NOTE: rates were out of compliance for 3 days starting 11-5-2019 & 2 days starting 1-7-2020 and ongoing since 4-21-2020) Iraqi Dinar News 12/25/20 Publicado por Dinaresgurus.blogspot.com FORO DINAR GURUS en 1:14 PM. They said devalue against the US dollar which means that the Iraqi dinar will actually be worth more. While agreeing that the dinar was overvalued, Hadi Al Damirji, of MIT's Sloan School of Management, urged some caution, in case a devaluation would lead to a further run on the dinar: "I totally agree with the philosophy of keeping the dinar lower, but when is the right time to move it?". Dollar, Iraqi Dinar, [Erbil-Where] Iraqi Dinar Value Today Tuesday, 29 December 2020 Is ing 1 million iraqi dinar a wise 10 000 iraqi dinar bank note the future of iraqi dinar uae dirham aed to iraqi dinar iqd iraqi dinar to bahraini trump fans sink savings into iraqi. Posted by I will personally destroy Iraq's oil reserves value with my energy production invention! @Jonnyblaze: A link to something on the IMF or World Bank website confirming this would be useful. Look forward to each report you send. Before Saddam Hussein’s upset of the economy, the Iraqi Dinar had a stable exchange rate of almost $4.00 USD at its peak. I won't stand for a dirty trick to rob me and all those whom purchased Dinar with hard earned cash! Iraqi Dinar News 12/07/20 - Rate change talk. Big salaries create lazy society as we have now . His devaluing the dollar actually strengthened its usage. admin - They have a plan because they intend for there to be an economic change. Pimpy - 111 Views. 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