devaluation Archives - Panorama Insurance Brokers

Iraq Parliament warns of “Collapse” of Iraqi Dinar

By John Lee. Iraq’s Parliamentary Finance Committee has reportedly warned the Central Bank of Iraq (CBI) of a possible collapse in the value of the Iraqi dinar (IQD) against the US dollar. Committee member Muhammad Al-Shabki told Shafaq News Agency that there are fears of the collapse of the Iraqi currency “in the coming period”… Read More

The Dutch Disease and Iraq’s Foreign Exchange Rate

By Dr. Zeki Fattah, for The Iraqi Economists Network (IEN). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Dutch Disease and Iraq’s Foreign Exchange Rate Economists who studied the reasons for the low per capita growth of GDP in developing countries that rely… Read More

Covid and Devaluation hit Asiacell Revenues

By John Lee. Mobile phone service Asiacell has reported a sharp drop in revenue, when expressed in Qatari riyals, as a result of the devaluation of the Iraqi dinar. In its results for the three-month period ended 31 March 2021, parent company Ooredoo said: “The Iraqi economy was impacted by weakening purchasing power following the… Read More

Market Review: “Market Extends the Rally”

By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: “Market Extends the Rally” The market, as measured by the Rabee Securities RSISX USD Index, after February’s explosive rally of 25.7%, took a… Read More

Market Review: “Market Roars Back to Life”

By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: “Market Roars Back to Life” The market, after January’s 9.3% sell-off, resumed the rally that was ignited by the 22.6% devaluation of the… Read More

Market Review: “Stock Market Rallies on Currency Devaluation”

By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: “Stock Market Rallies on Currency Devaluation” For Iraq and its equity market the year ended the same way it began, with a bang… Read More

Opinion: The Iraqi Dinar needs Political Support!

By Dr Amer K. Hirmis, Capital Business Strategies Ltd. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Dinar needs political support…to serve the economy! The Iraqi Dinar (IQD) was devalued by nearly 23 percent on Saturday, December 19, 2020, from its previous (official)… Read More

Video: Libya approves New Exchange Rate

From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Libya Business News. The devaluation of Libya’s currency has taken effect, a move that is hoped will help the economy. The Central Bank has agreed to a devalued exchange rate of 4.48 dinars to the US… Read More

Iraqi Banks undertake Overdue Reforms

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. Iraqi Banks undertake Overdue Reforms The Central Bank of Iraq (CBI) announced in a statement Dec. 19 the devaluation of the Iraqi dinar to 1,450 to help reduce the… Read More

Iraq Dinar Devalued by approx 20%

By John Lee. Iraq has reportedly devalued its currency by about 20 percent against the dollar. According to Bloomberg and The Arab Weekly, the Central Bank of Iraq (CBI) has reduced the official rate to 1,450 dinar per US dollar. The previous official rate was 1,182 dinar to the dollar. Reuters adds that the decision… Read More