Category: Currency Newshound

If every passenger travelling through Baghdad International Airport converts $5,000 through airport bank, IQD value will rise

BAGHDAD / JD / .. Parliamentary Finance Committee confirmed that the conversion of $ 5,000 per passenger helps raise the value of the Iraqi dinar against the dollar, to be the advocate of the dollar before the government banks instead of exchange in illegal ways.

Deputy indicates IQD will not see improvement through the dropping of zeros process

Baghdad (news) .. Ruled out the vice president of the Finance Committee MP / coalition of Kurdish blocs / Ahmed Faizullah, improve the value of the Iraqi dinar when applying the project to delete the three zeroes from the national currency.

Federal Reserve Holdings and Oil Exports are the biggest factor for IQD exchange rate

Iraqi financial expert stated that the value of Iraq’s Federal Reserve currently amounts to about $80 billion, following the recent increase in the country’s oil exports. Nevertheless, no information was made available by the Central Bank of Iraq (CBI) to this effect.

China seeks to increase trade exchange with Iraq by $20 billion in 2013

Said a Chinese diplomat on Monday, that the volume of trade exchange for his country with Iraq was in 2012 past 17 billion and $ 500 million, hoping to rise to $ 20 billion in 2013, the current, while showed a Chinese company specialized communications willingness to expand its services and cooperation with Iraq, Baghdad University, showed that it is seeking to attract the company’s experience and indigenization being universally known.