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Current Exchange Rate

1,199.00 Iraqi Dinars = 1 USD
1 Iraqi Dinar = 0.000834 USD
  Iraqi Dinar Value for 5/12/2008
"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."
 

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Iraq News
Iraq bets on a new law for developing its enormous oil wealth
April 11, 2008

Iraq is one of the main oil states in the region and the world as well as being one of the founders of OPEC; the first oil activity started in it early last century, and began the first commercial production in 1929 from Kirkuk field and then other fields followed until oil was nationalized oil in Iraq on the first of June / 1972.
Full Article
 
Iraq exported one million and 900 thousand barrels of crude oil
April 10, 2008

A senior official in the Iraqi Oil Ministry said his country exported last March one million and 900 thousand barrels per day of the actual production of two and a half million barrels.
Full Article
 
Iraqi Digital Economy
April 10, 2008

The Iraqi banking system is the main artery financer of the various processes of economic and social development plans; it is the system which collects national savings, on one hand, and grants them in the form of loans and credit facilities in several areas, on the other... The banking system in Iraq is one of the vital links that have contributed to the national economy in various economic and social activities... The banking and financial sector is at the forefront of service sectors affected by the "global economy" trends in the area of IT and communication revolution due to the nature of its activities.
Full Article
 
Iraq dinar aspires to return to McCann in the past against the dollar
April 7, 2008

Said Central Bank Governor Sinan Alshabibi to stabilize the exchange rate of Iraqi dinar against the dollar encouraged citizens to buy the dinar, and keeping the deal.
Full Article
 
Commission on oil and gas received a draft law establishing the National Oil Company
April 5, 2008

A Vice-Chairman of the oil and gas in the House of Representatives of Iraq, Saturday, that the draft law establishing the National Oil Company arrived at the parliament, which is the subject of discussion within the Commission for oil and gas in the Council.
Full Article
 
Report: Security in Iraq is improving
April 4, 2008

A new classified intelligence assessment on Iraq says there has been significant progress in security since the last assessment was delivered in August, a senior military official said.
Full Article
 
Shell says ready to help Iraq boost oil output
April 1, 2008

"We are very much prepared to go back to Iraq," Shell chief executive officer Jeroen van der Veer said at the Center for Strategic and International Studies think tank in Washington.
Full Article
 
Significant hike in demand for dollar at daily auction
April 1, 2008

Demand for the dollar was up in the Iraqi Central Bank's auction on Tuesday, registering at $159.170 million compared to $35.190 million on Monday, as life was back to normal in the Iraqi capital after clashes between governmental forces and Shiite militiamen came to an end.
Full Article
 
Iraq signs $5.5 billion Boeing deal for 55 aircraft
March 31, 2008

Iraq said on Monday it has signed a contract worth 5.5 billion dollars with Boeing to buy 40 new aircraft, with an option to buy 15 more.
Full Article
 
Demand for dollar drops at daily dinar auction
March 31, 2008

Demand for the dollar was down in the Iraqi Central Bank's auction on Monday, the first this as Sunday’s session was cancelled due to the curfew placed on Baghdad, registering at $35.190 million compared to $93.270 million on Thursday.
Full Article
 
Western firms have an open appetite to Iraqi market
March 27, 2008

Roula Khalaf and Steve Negus, both wrote an article published by the newspaper Financial Times under the title "taboo fields: oil groups compete to win the prize of Iraqi enormous reserves," in which they said that the company Royal Dutch Shell is working quietly and in secret with the Iraqi Oil Ministry over the last two years advising it on how to increase production in two fields of oil, under an agreement signed after the invasion in 2003; however, non of the officials of company, which is the largest oil group in Europe, put a foot step in this troubled and oil-filled country. There were only monthly meetings held face-to-face with the Iraqi Oil Ministry in the Jordanian capital of Amman, and the communication is through weekly video link.
Full Article
 
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