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The Iraqi dinar [a] (code: IQD) [2] is the currency of Iraq. The Iraqi dinar is issued by the Central Bank of Iraq (CBI). On 7 February 2023, the exchange rate with the US Dollar was US$1 = 1300 dinars.
2 January – Opposition figure and activist Salman Al Khalidi is extradited to Kuwait to begin prison sentence after fleeing on being convicted on 11 charges. [1]Abdullah Warte, official spokesperson of the Iraqi Kurdistan-based Islamic Movement of Kurdistan (IMK) political party, announces a proposal to establish an office in Damascus, becoming the first Kurdish and Iraqi political party to ...
Iraq faces a budget crunch in 2025 due to the slump in the price of oil, the overwhelming source of government revenue, a top economic adviser to Prime Minister Mohammed Shia al-Sudani said. "We ...
Still, Iraqi officials say the measures have led to a dollar shortage, which has led the Iraqi dinar to change hands at more than 1,500 per dollar in the unofficial market in recent months, up to ...
Because of the economic potential of Iraq, a niche market for Iraqi Dinar currency has emerged. Speculators are making investments in the Iraqi Dinar in hopes of receiving a return once Iraq stabilizes as a country. Jim Cramer's October 20, 2009 endorsement of the Iraqi Dinar on CNBC has further piqued interest in the investment. [22]
The economy of Iraq is dominated by the oil sector, which provided 89% of foreign exchange earnings in 2024. [15] During its modern history, the oil sector has provided about 99.7% of foreign exchange earnings. [16] Iraq's agrarian economy underwent rapid development following the 14 July Revolution in 1958 which overthrew the Hashemite monarchy.
Take post-Saddam Hussein Iraq as a case in point. After the Iraqi dictator was overthrown by a U.S.-led coalition in 2003, President George W. Bush asked Ambassador Paul Bremer to act as Iraq’s ...
The official currency in Iraq is the Iraqi dinar. The Coalition Provisional Authority issued new dinar coins and notes, with the notes printed by De La Rue using modern anti-forgery techniques. [121] Jim Cramer's 20 October 2009 endorsement of the Iraqi dinar on CNBC has further piqued interest in the investment. [122]