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Exchange rate

1,171.00 Iraqi Dinars = 1 USD
1 Iraqi Dinar = 0.000854 USD
  Iraqi Dinar Value for 1/6/2009
"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.
American Express
Iraq News
Iraq Investments : Sebastian River Holding's, Inc., purchases 100 million Iraqi dinars; Company says

Iraq Investments : Sebastian River Holding's, Inc., purchases 100 million Iraqi dinars; Company says chance of dinar equaling dollar 'feasible'

March 28 2007

Sebastian River Holding's, Inc., today announced that the company has joined the United States and has invested in the Iraqi economy by purchasing 100,000,000 Iraqi dinars.
Full Article
 
UAE 'closer to revaluation'
UAE 'closer to revaluation'

March 27, 2007

Dubai: The chances of the UAE revaluing the dirham this year may have risen.

Standard Chartered Bank has raised its estimation of the probability of such an event to 40 per cent. It had previously suggested that the chances were low, perhaps in the region of 20 per cent.
Full Article
 
Baghdad stock exchange welcoming foreign investors

Baghdad stock exchange welcoming foreign investors

March 26, 2007

50 mediators in the Iraqi market for securities are examining the measures and instructions for activating the resolution, which allows non-Iraqis to circulate shares and bonds on the Stock Exchange of Iraq, and the requirements of starting the work by it, amid investors’ expectations of significant shifts; the most important of which are the positive high returns in relation to investment in general, and the raise of the level of stock prices and transactions volume on the stock market in particular.
Full Article
 
Iraqi Stock Exchange joining International Federation of Bourses

Iraqi Stock Exchange joining International Federation of Bourses

March 26, 2007

It is expected that Iraqi market for securities will witness important developments during the coming period, when it is hoped that it will join the International Federation of Bourses, as well as completing rules and procedures of circulation for the non-Iraqi, Arabs and foreigners, after the government agreed to that, and authorized the concerned bodies to prepare instructions in this regard. Also, the market continued to take measures to complete the project of electronic transaction and central depository, since it means achieving connectivity with Arab and international stock exchanges and guarantees the continuity of mutual investment and stock circulation.
Full Article
 
Iraq inflation battle 'top priority'

Iraq inflation battle 'top priority'

March 25, 2007

Iraq promised to make tackling high inflation one of its priorities and said it will gradually keep raising domestic prices of fuel products to curb a thriving black market, according to a letter by Iraq's top finance officials to the International Monetary Fund (IMF)."Inflation has risen to an unacceptable level," the letter, signed by Iraq's central banker Sinan Al Shabibi and Finance Minister Bayan Jabor, told the IMF.
Full Article
 
Ministry to build two 10,000 barrel refineries

Ministry to build two 10,000 barrel refineries

March 24, 2007

Plans are in place to construct two 10,000 barrel refineries in northern Iraq.
Full Article
 
An Iraqi-American "partnership" to move the Iraqi economy

An Iraqi-American "partnership" to move the Iraqi economy

March 23, 2007

Jabr added in a press conference in Baghdad attended by the Iraqi Minister of Industry, Fawzi Hariri, and Deputy of the Under Secretary of the American Minister of Defense for economic transfers, Brinkli Powell, that "expanding and increasing the production capacity of these plants will develop the Iraqi economy and contribute in solving the crisis of unemployment in Iraq".

Full Article
 
Iraq’s Kurds to go it alone on oil deals

Iraq’s Kurds to go it alone on oil deals

March 22 2007

The Kurdistan regional government plans to triple the number of foreign oil companies operating in its region by the end of the year regardless of whether Iraq’s parliament passes a politically sensitive hydrocarbon law.
Full Article
 
CBI adopts fixed ID exchange rate

CBI adopts fixed ID exchange rate

March 19, 2007

Baghdad (NINA)- The Central Bank of Iraq CBI has announced adopting the exchange rate of Iraqi Dinar against the US Dollar, settled on last Thursdays auction until March 19. A CBI statement said Saturday that the measure came within the previously adopted measures, aiming at boosting Iraqi Dinar.

Full Article
 
The Iraqi Bourse is active again
The Iraqi Bourse is active again 

March 19, 2007

After the decision of allowing Arabs and foreigners to circulate in the Iraqi bourse, activity started to crawl back into various sectors of the stock exchange, and especially banks and industry; the main indicators rose and the number of companies whose shares are being circulated increased, following a stage of decline in the bourse during the months of January and February.
Full Article
 
The application of the new Iraqi Investment Law

The application of the new Iraqi Investment Law

March 15, 2007

The application of the new Iraqi investment law has actually started after announcing the formation of the National Investment Institution which will be responsible for designing investment policies, drafting regulations and monitor their application.

Full Article
 
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