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Exchange rate

1,193.00 Iraqi Dinars = 1 USD
1 Iraqi Dinar = 0.000838 USD
  Iraqi Dinar Value for 8/7/2008
"Many play the lottery and place their hopes on mere numbers and odds. Some people gamble on sports stars and their chances at winning certain games. What about a gamble that might actually mean something, a gamble that involves not only more than yourself, but an entire people? A bet that just maybe a nation could move past totalitarian dictatorship & religious extremism to hopefully one day truly join the free world as full-fledged independent economy. This is your opportunity for just such a gamble, because who knows, it just might pay off."
 

Resources

FinancialStep.com - Financial Services Web Directory.
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2007: Iraq Central Bank 021607
Iraq Central Bank is planning to reduce inflation

February 16, 2007
  • Within last year's budget, the government anticipated the inflation would not exceed 20-25%; however, the consumer price index rose to 70% due to the rise in the prices of oil products and electricity rose it to 80%. If energy is excluded, the index would range between 30 and 35% only.
  • Stopping the government subsidy was one of the recommendations of the IMF which requests the application of an economic reforms program by 2008 before approving to write off 80% of Iraq's debt to the creditor nations that are not members of the Paris Club.
  • Due to this escalation in prices, the Central Bank was compelled to increase the interest rate to 20 % after being 8% at the beginning of 2006, and the last intervention by the Central Bank was recorded in December of that year. (Source) AlSabah
 
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