Why revalue the iraqi dinar

Iraqi Dinar needs political support By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author s and do not necessarily reflect the views of Iraq Business News. Rudaw reports that hundreds of people protested in Baghdad's Tahrir Square demanding that the government reverse its decision to devalue of the Iraqi dinar against the US dollar.

According to The Arab Weekly, the devaluation sparked panic across the country, as people rushed to buy dollars or stock up in supermarkets before […]. Iraq has reportedly devalued its currency by about 20 percent against the dollar.

The previous official rate was 1, dinar to the dollar. Historically, the Iraqi Dinar reached an all time high of in December of Iraqi Dinar - data, forecasts, historical chart - was last updated on November of The Iraqi Dinar is expected to trade at Looking forward, we estimate it to trade at Trading Economics members can view, download and compare data from nearly countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

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Click here to contact us. Please Paste this Code in your Website. Iraqi Dinar. Iraq Crude Oil Production at Today, they have about trillion, That dilution is why the dinar rate is low. Not any program rate or any of that other nonsense. Do you homework folks. Use common sense. Of course it's going to reinstate.

It has to just by basic economics. You're going to issue small category notes to the citizens of Iraq worth a negative number? Who would believe that? Iraq is going digital with their monetary reforms. Investors are coming into Iraq to do business. No investor would go there to do business with a program rate of to 1 USD. That's just crazy and extremely stupid.