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The investment involves purchasing Iraqi dinars with U.S. dollars, based on speculation about Iraq's potential economic recovery. The Iraqi dinar's value is strictly controlled by the Iraqi government and does not freely float on global forex markets. This means that even if Iraq's economic conditions improve, the currency may not automatically ...
Iraqi dinar – Iraq; Jordanian dinar – Jordan, Palestinian territories; Kelantanese dinar – Kelantan; Krajina dinar – Krajina; Kuwaiti dinar – Kuwait; Libyan dinar – Libya; Republika Srpska dinar – Republika Srpska; Serbian dinar – Serbia; South Yemeni dinar – South Yemen; Sudanese dinar – Sudan; Swiss dinar – Iraq ...
After the fall of Saddam Hussein's government, the Central Bank of Iraq was established as Iraq's independent central bank by the Central Bank of Iraq Law 2004, with authorised capital of 100 billion dinars. [12] According to the law, 100% of the bank's capital stock would be held by the State and would not be transferable. [13] The Central ...
The dinar (/ d ɪ ˈ n ɑː r /) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار ( dīnār ), which was borrowed via the Syriac dīnarā from the Latin dēnārius .
After the Gulf War, the Iraqi government disendorsed the old currency, favoring newly printed Saddam dinars, and the Swiss dinar ceased to be legal tender. However, the old currency still circulated in the politically isolated Kurdistan region of Iraq. The government of the Kurdistan region did not have the printing plates of the Swiss dinar ...
The fils (Arabic: فلس) is a subdivision of currency used in some Arab countries, such as Iraq and Bahrain. The term is a modern retranscription of fals , an early medieval Arab coin. "Fils" is the singular form in Arabic, not plural (as its final consonant might indicate to an English speaker).
Scaled in "international dollars" (2004-2006 base equaling 100) Iraq's per capita food production was 135 in 2002, 96 in 2007, and 94 in 2012. The agricultural sector shed workers. In those same years, production per worker was 117, 106, and 130, respectively. [38]
The weight of the dinar is 1 mithqal (4.25 grams or 0.137 troy ounces). The word dinar comes from the Latin word denarius, which was a silver coin. The name "dinar" is also used for Sasanid, Kushan, and Kidarite gold coins, though it is not known what the contemporary name was. The first dinars were issued by the Umayyad Caliphate. Under the ...