Iraqi Dinar News

Wolfowitz Takes Actions to Gear Up World Bank for Iraq

February 18, 2007

The Government Accountability Project (GAP) has learned from inside sources that World Bank President Paul Wolfowitz is currently negotiating a contract with a new resident Iraq Country Director. This step strongly suggests that Wolfowitz intends to expand Bank-funded projects there dramatically in the near future, despite the deteriorating security situation and recent disclosures of massive corruption in “reconstruction” efforts.

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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.
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Iraqi Dinar Rate 021607

Stable exchange Iraqi dinar rate propels dollar sales high in Iraqi auction February 16, 2007 Sixteen banks participated in Tuesday’s auction and offered to sell two million dollars, which the bank bought all at 1286 Iraqi dinars per dollar.
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Iraq Dinar Surges

Iraqi dinar surges despite violence, economic hardships January 19, 2007 The dinar has risen to nearly 1,200 to the dollar from about 1,500. The U.S. currency has been retreating against almost all major currencies but government officials see its decline in Iraq as a sign of economic well-being.
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Iraqi Deputy 011507

Al-Sunaid expects rise in the Iraqi dinar price during the middle of 2007

January 15, 2007

The deputy on the United Iraqi Alliance list, Hassan Al-Sunaid, expected during a meeting of the Iraqi Parliament that the Iraqi dinar exchange rate will reach 1200 dinar to the dollar at mid-year, while the price of one dollar hit 1480 IQD last November.

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12 Trillion Iraqi dinar 011307

12 Trillion Iraqi dinar, Iraq's Budget This Year January 13, 2007 In a press statement Baban said that the mentioned amounts delivered as 3 trillion Iraqi dinar for oil ministry projects to rehabilitation oil sector, while electric ministry specifics amounted 1 trillion and 745 billion dollars for proving electric energy in the state.
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International Bank 011307

The International Bank is financing a program to benefit from the Iraqi frozen loans

January 13, 2007

Stressing that one of the most significant obstacles to reconstruct Iraq are the delay in implementing the projects funded by international grants and loans and the investment budget of the State as well as Iraq's lack of a unified and developed law to meet the basic needs of the beneficiaries and executers alike.

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Iraqi Dinar 010507

The Iraqi dinar and floating the dollar in the structure of the national economy

January 05, 2007

Thus the rolling Iraqi Monetary (nominal value) specified by the law has become a criterion for exchange transactions, withdrawal and the international circulation according to system Gold rule; although, it was related to the British pound before the revolution of July 14th, 1958, especially in terms of credit and foreign transfers, as it has a metal cover coupled with stability. After the liberation of Iraq from the ring of the (sterling Pound), the Iraqi dinar remained as a cash unit (with real value) standing on its own compared to international rates.

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Dinar Exchange Rate

The dollar exchange rate against Iraqi dinar is stable for the first time in two months January 01, 2007 The demand for the dollar recorded a slight fallback, hitting six million and 665 thousand dollars against seven million and 300 thousand dollars last Wednesday.
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