Iraqi Dinar Currency Revaluation Structure

Iraqi Dinar Revaluation currency

  I've written several articles on the Central Bank of Iraq (CBI) delete the zero's project in the last couple of weeks and kept you all updated with the most accurate information.  In a previous article, I said that the delete the zero's project would not start until the first quarter of 2016.  Sources within the Basra Economic Committee stated that the CBI and the Iraqi government will not … [Read more...]

Iraq: Currency Redenomination To Increase Confidence, Revaluation Not On the Horizon

Iraq: Currency Redenomination To Increase Confidence, Revaluation Not On the Horizon

Iraq: Currency Redenomination To Increase Confidence, Revaluation Not On the Horizon Merrill Lynch indicated that a revaluation of the Iraqi dinar is unlikely to take place until after the country substantially increase oil production over the coming 5 to 7 years, adding that the planned redenomination of the currency is not a prelude to the dinar's revaluation.  It said the Central Bank of … [Read more...]

The Delete the Zeros Starting First Quarter in Year 2016 After Security Improves in Iraq

Central Bank of Iraq

  In November, the Iraqi army removed the Islamic State terrorists out of the city of Baiji and the Baiji refinery. On Monday, December 22, the Islamic State Terrorists have conducted a counterattack to reclaim the city of Baiji.  The Iraqi army and Shiite militias left Baiji on Monday morning, and there are people inside Baiji saying that the Islamic State are controlling most of the city.  … [Read more...]

Iraq CBI Gov Says Any Exchange Rate Supported – Possible Revaluation? American Contractor has translated the video interview with the Central bank Governor. Is it possible that the Gov. Turki, may be referring to a Iraq dinar currency revaluation? Iraq dinar currency with any amount. That is what the CBI Gov. stated in his interview with CNBC Arabia. Iraq Central Bank Gov Turki interview with CNBCArabia - 17 June 2014 Governor of … [Read more...]

American Contractor Podcast 0012

AC talks about the possibility of the elections results being certified this week. The IHEC may bring the results to the Iraqi supreme court.  To get the latest updates from the American Contractor make sure you join the mailing list.  You can join here and be sure and check your email. … [Read more...]

Erbil Stock Exchange ESX Opening in August 2014

Erbil Stock Exchange ESX

On November 27, 2013 the chairman of the Board of Directors of the Erbil Stock Exchange (ESX) announced that the ESX will open for business in mid year 2014. It now appears that the ESX will conduct a pre-launch in August 2014. This will begin right after Ramadan. This will happen only if the prime contractor Louis-Berger Group Inc (LBG) completes the installation of the equipment and software … [Read more...]