Investing in foreign currencies can be an intriguing prospect for many investors, offering opportunities for diversification and potential high returns. One currency that has garnered attention in recent years is the buy iraqi dinar . In this article, we will explore the potential benefits and risks of investing in the Iraqi Dinar. Historical Context The Iraqi Dinar has had a tumultuous history, marked by periods of instability and fluctuation in value. Following the Gulf War in 1991, Iraq’s economy faced significant challenges, leading to a drastic devaluation of the Dinar. Subsequent conflicts and economic sanctions further exacerbated the currency’s volatility. Potential Upside Despite its turbulent past, there are several reasons why investors might consider investing in the Iraqi Dinar. One of the primary factors is Iraq’s vast oil reserves, which are among the largest in the world. As Iraq continues to develop its oil industry and stabilize its economy, there is potential for the Dinar to appreciate in value. Additionally, Iraq’s strategic location in the Middle East and its potential for economic growth make it an attractive prospect for investors looking to capitalize on emerging markets. As infrastructure projects and foreign investment increase, so too may the value of the Iraqi Dinar. Risks and Considerations However, investing in the Iraqi Dinar is not without its risks. The country still faces significant political and security challenges, which can impact investor confidence and currency stability. Furthermore, the Dinar is subject to fluctuations in oil prices and global economic conditions, making it susceptible to external factors beyond Iraq’s control. Moreover, the Iraqi government’s management of its monetary policy and economic reforms will play a crucial role in determining the Dinar’s long-term trajectory. Without sound fiscal policies and effective governance, the currency may struggle to maintain its value over time. Conclusion In conclusion, investing in the Iraqi Dinar presents both opportunities and risks for investors. While the country’s abundant natural resources and potential for economic growth are compelling factors, ongoing political instability and external pressures pose significant challenges. As with any investment, thorough research and careful consideration of the risks are essential before committing funds to the Iraqi Dinar.
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Have you ever considered traveling to Iran or investing in its vibrant markets? Understanding to buy Toman is essential for navigating financial transactions within the country. The buying of Iranian Toman is discussed in this guide and we will be exploring its significance in both the local economy and global markets.
History of the Iranian TomanThe Iranian Toman has a rich history deeply rooted in the country’s economic evolution. Originally, Iran’s currency was denominated in Rials. However, in 2020, the Iranian government decided to transition to the Toman as the official currency unit, with one Toman equivalent to 10,000 Rials. This move aimed to simplify transactions and streamline economic processes. The Toman holds significant cultural and economic importance in Iran, symbolizing both tradition and progress. Factors Influencing the Value of Toman: Several factors contribute to the fluctuation of the Toman’s value. Economic conditions, such as inflation rates and GDP growth, play a crucial role in determining exchange rates. Additionally, the political environment can influence investor confidence and impact currency valuation. It’s essential to stay informed about these factors when considering to buy Toman. Where to Buy Iranian Toman? Banks and Currency Exchange Offices: Banks and currency exchange offices are common places to buy Iranian Toman. These institutions offer competitive exchange rates and convenient services for travelers and investors alike. However, it’s advisable to compare rates and fees to ensure you’re getting the best deal. Online Currency Exchanges: With the advent of technology, online currency exchanges have become increasingly popular. Platforms like XE and TransferWise provide easy access to Iranian Toman, allowing users to buy and sell currency from the comfort of their homes. Before using an online exchange, ensure it is reputable and offers secure transactions. Tips for Buying Iranian Toman: Researching Exchange Rates: Before purchasing Iranian Toman, take the time to research current exchange rates. Websites like OANDA and XE offer up-to-date information on currency values, helping you make informed decisions about when and where to buy. Understanding Exchange Fees: When buying Toman, be aware of any associated fees. Banks and currency exchange offices may charge commission or service fees, which can affect the overall cost of your transaction. Consider these fees when comparing exchange options to avoid unexpected expenses. Benefits of Buying Toman: Convenience for Travelers: Buying Iranian Toman before traveling to Iran can streamline your trip’s financial logistics. Having local currency on hand eliminates the need to exchange money upon arrival, saving time and hassle. Investing in Iranian Markets: For investors looking to diversify their portfolios, buying Iranian Toman opens up opportunities in the country’s dynamic markets. Whether purchasing stocks, bonds, or real estate, the Toman facilitates investment transactions and fosters economic growth. Risks Associated with Buying Toman Fluctuating Exchange Rates: Like any currency, the value of the Iranian Toman can fluctuate due to market conditions and geopolitical events. Investors should be prepared for potential fluctuations and consider hedging strategies to mitigate risk. Potential Scams: When you want to buy Toman, be cautious of fraudulent schemes and scams. Stick to reputable exchange services and avoid deals that seem too good to be true. Researching exchange providers and reading customer reviews can help you avoid falling victim to scams. Legal Considerations: Regulations on Currency Exchange: Before buying Iranian Toman, familiarize yourself with local regulations regarding currency exchange. Some countries impose restrictions on the amount of foreign currency individuals can possess or transfer, so it’s essential to comply with legal requirements to avoid penalties. Reporting Requirements: In certain jurisdictions, individuals may be required to report large currency transactions to regulatory authorities. Be aware of reporting thresholds and ensure compliance with relevant regulations when buying Iranian Toman. The Iraqi Dinar deals operate within the world of global foreign exchange markets, subject to various factors influencing its value. Political stability, economic performance, and government policies all play pivotal roles in determining the exchange rates of the Iraqi Dinar. Table of Content:
Why Buy Iraqi Dinar in Wholesale? When considering investments in the Iraqi Dinar, opting to buy wholesale can offer several advantages over purchasing smaller quantities. Benefits of Purchasing Iraqi Dinar in Bulk Buying Iraqi Dinar wholesale allows investors to capitalize on discounted rates, potentially maximizing their returns in the long run. Moreover, wholesale purchases often come with lower transaction fees, reducing the overall cost of acquiring the currency. How to Buy Wholesale Iraqi Dinar? Get the Iraqi Dinar market requires careful consideration and due diligence to ensure a smooth transaction process. Finding Reputable Dealers Researching authorized dealers is paramount when to buy wholesale Iraqi Dinar. Look for dealers with a proven track record of reliability and transparency in their transactions. Verify the authenticity of the dealer’s credentials, ensuring they comply with regulatory requirements. Evaluating Exchange Rates Before finalizing a wholesale purchase, compare exchange rates offered by different dealers. Take into account any additional fees, such as commission charges or handling fees, to determine the most cost-effective option. Tips for Buying Iraqi Dinar While investing in Iraqi Dinar can be promising, it’s essential to adopt strategies to manage potential risks effectively. Risk Management Strategies Diversification of investments is key to mitigating risks associated with currency trading. Avoid putting all your resources into a single currency, instead spreading your investments across various assets to minimize exposure to market volatility. Staying Informed Stay updated on economic and political developments in Iraq, as these factors can significantly impact the value of the Iraqi Dinar. Monitor news outlets and financial reports to gauge the market sentiment and make informed decisions regarding your investments. Legality and Risks Before engaging in Iraqi Dinar deals, it’s crucial to understand the legal framework governing currency trading and the associated risks. Legal Considerations Familiarize yourself with the regulations surrounding currency trading in your jurisdiction. Ensure that you comply with legal requirements and seek guidance from financial experts if needed to avoid any legal complications. Potential Risks Fluctuations in exchange rates pose a significant risk to investments in Iraqi Dinar. Market volatility, geopolitical tensions, and economic instability can all contribute to sudden changes in the value of the currency. Exercise caution and be prepared to weather short-term fluctuations in pursuit of long-term investment goals. Factors Affecting Iraqi Dinar Exchange Rates To make informed decisions regarding Iraqi Dinar investments, it’s essential to understand the factors influencing its exchange rates. Economic Stability Economic stability plays a crucial role in determining the value of the Iraqi Dinar. Positive economic indicators, such as GDP growth and low inflation rates, can bolster investor confidence and strengthen the currency. Political Stability Political stability is closely linked to the performance of the Iraqi Dinar. Stable governance and political reforms can instill trust in investors and contribute to a favorable investment climate, driving demand for the currency. Benefits of Investing in Iraqi Dinar Despite the inherent risks, investing in Iraqi Dinar offers several potential benefits for savvy investors. Diversification of Investment Portfolio Adding Iraqi Dinar to your investment portfolio can diversify your assets and reduce overall risk exposure. A well-diversified portfolio that includes foreign currencies can better withstand market fluctuations and provide long-term stability. Potential for Profit While investing in Iraqi Dinar carries risks, it also presents opportunities for substantial profits. By capitalizing on favorable exchange rate movements, investors can realize significant returns on their investments over time. Iraqi Dinar, the official currency of Iraq, holds a unique position in the global currency market. With a rich history dating back centuries, the Iraqi Dinar (IQD) symbolizes the nation’s economic endeavors and cultural heritage. Understanding its significance and potential as an investment requires a closer examination of various factors. Factors Influencing Iraqi Dinar Purchase Economic stability plays a pivotal role in determining the value of the Iraqi Dinar. Investors keen to purchase Iraqi Dinar often monitor Iraq’s economic indicators, including GDP growth, inflation rates, and unemployment figures. Political climate can significantly impact the currency’s value, with stability fostering investor confidence. Pros and Cons of Buying Iraqi Dinar Investing in Iraqi Dinar offers the allure of potentially high returns. As an emerging market currency, its value may fluctuate, presenting opportunities for profit. However, it’s essential to acknowledge the risks associated with such investments, including political instability and currency devaluation. How to Purchase Iraqi Dinar? For individuals interested in buying Iraqi Dinar, various avenues are available. Online exchange platforms like iqdbuy provide convenience and accessibility, allowing users to buy and sell currencies with ease. Alternatively, local banks may offer currency exchange services for those preferring traditional methods. Iraqi Dinar Investment StrategiesWhen considering Iraqi Dinar investments, it’s crucial to weigh short-term versus long-term strategies. Some investors opt for quick trades to capitalize on market fluctuations, while others adopt a more patient approach, anticipating gradual appreciation. Diversification across multiple currencies and assets can mitigate risks associated with Iraqi Dinar investments. Tips for Safe and Secure Transactions 1) To ensure safe transactions when buying Iraqi Dinar, individuals should conduct thorough research on reputable dealers and exchange platforms. Verifying the authenticity of currency notes is also essential, as counterfeit bills may infiltrate the market. 2) Understanding Iraqi Economy and Currency: The Iraqi economy’s reliance on the oil industry significantly influences the value of the Iraqi Dinar. Fluctuations in oil prices can impact government revenues and, consequently, currency valuation. Monitoring economic indicators and geopolitical developments provides insight into the currency’s performance. 3) Global Impact of Iraqi Dinar Purchase: The purchase of Iraqi Dinar extends beyond individual investments, impacting global forex markets. Speculation surrounding the currency’s value drives trading activities, influencing exchange rates and market sentiments. Moreover, geopolitical tensions in the Middle East may amplify the currency’s volatility. 4) Regulatory Considerations: Before you buy Iraqi Dinar, investors should consider regulatory frameworks governing currency transactions. Understanding the legal aspects and tax implications of such investments ensures compliance with relevant regulations and minimizes potential risks. Case Studies of Successful Investments Examining real-life examples of successful Iraqi Dinar investments provides valuable insights for prospective investors. Analyzing strategies employed and outcomes achieved offers practical guidance for navigating the currency market. Common Misconceptions about Iraqi Dinar Despite its potential, Iraqi Dinar investment is not without skeptics. Warnings about scams and exaggerated promises abound, highlighting the importance of conducting due diligence and managing expectations realistically. Expert Opinions on Iraqi Dinar Investment Financial analysts and investment advisors offer diverse perspectives on Iraqi Dinar investments. While some advocate for cautious optimism, others advise prudent risk management and diversified portfolios to mitigate potential losses. Historical Performance of Iraqi Dinar Examining the historical performance of the Iraqi Dinar provides context for understanding its present-day value. Previous trends in currency valuation and economic conditions offer valuable insights for forecasting future movements. Alternatives to Iraqi Dinar Investment For investors seeking diversification, exploring alternative emerging market currencies and balanced investment portfolios may offer additional opportunities for growth. Evaluating risk-return profiles and aligning investments with financial goals is essential. Frequently Asked Questions
IQDBUY is your premier online currency store offering the best deals on Iraqi Dinar purchases and other Middle Eastern currencies. Whether you’re a seasoned investor or a first-time buyer, it provides a platform where you can securely purchase authentic currencies. At IQDBUY, we prioritize authenticity and customer satisfaction. Our commitment to delivering genuine currencies backs each transaction, verified for authenticity to ensure peace of mind for our customers. Selection of Denomination and Year: On IQDBUY, you have the flexibility to choose the Iraqi Dinar denomination and year of issuance that best suits your needs. Whether you’re interested in the standard denominations or the newer, extra secure Keyhole 250000 Iraqi Dinar, we’ve got you covered. Payment Methods and Security: We understand the importance of secure transactions. That’s why IQDBUY.COM offers a variety of payment methods, including credit cards, cryptocurrency, E-check, PayPal, and more. Rest assured, your payment information is encrypted and protected, ensuring a safe checkout process. Shipping and Handling Express Courier Service: Once your order is placed, IQDBUY ensures prompt delivery through our express courier service. We prioritize efficiency to get you to buy Iraqi Dinar as quickly as possible, with reliable tracking available for your peace of mind. Handling Time: We understand the urgency of currency purchases. That’s why IQDBUY aims to minimize handling time, ensuring your order is processed swiftly and efficiently. Contacting for Wholesale Prices: For customers looking to purchase larger quantities of Iraqi Dinar at wholesale prices, IQDBUY.COM is here to assist. Reach out to our team, and we’ll provide personalized assistance to accommodate your wholesale needs. Assistance Provided: Whether you’re a seasoned investor or a first-time buyer, our dedicated team is here to guide you through the wholesale purchasing process, ensuring a seamless experience from start to finish. Verification Process: At IQDBUY, authenticity is our priority. Before shipment, each Iraqi Dinar undergoes rigorous verification to ensure its authenticity, giving you confidence in your purchase. Currency Certificate of Authenticity: Upon request, customers receive a currency certificate of authenticity with their order, providing further assurance of the genuine nature of their Iraqi Dinar purchase. Iraqi Dinar Updates and News: Stay informed with the latest Iraqi Dinar updates and news through IQDBUY. Our blog provides invaluable insights into the Iraqi Dinar market, future predictions, revaluation news, and more. Engage with our community by reading articles and sharing your thoughts through comments. Other Middle Eastern Currencies: In addition to the Iraqi Dinar, IQDBUY offers a range of other Middle Eastern currencies, including the Lebanese Pound and various denominations of the Iranian Rial. Explore our selection and diversify your currency portfolio with ease. FAQs
Are you considering purchasing Iranian Rial? In this article, we’ll get into buying Iranian currency, exploring the reasons why someone might choose to do so, the factors to consider before making a purchase, and the methods available to buy Iranian Rial. Understanding the Iranian EconomyEconomic challenges in IranIran faces various economic challenges, including inflation, unemployment, and a dependence on oil revenue. Economic sanctions imposed by the international community have also had a significant impact on Iran’s economy, affecting its currency and overall financial stability. Impact of sanctions on the Iranian currencySanctions imposed on Iran have restricted its ability to engage in international trade and access global financial markets. This has led to a devaluation of the Iranian Rial and increased volatility in its exchange rates. Factors to Consider Before Buying Iranian RialExchange rates and fluctuationsBefore purchasing Iranian Rial, it’s essential to consider the current exchange rates and any potential fluctuations in the value of the currency. Exchange rates can be influenced by various factors, including economic conditions, geopolitical events, and government policies. Risks associated with investing in Iranian currencyInvesting in Iranian Rial carries inherent risks, including the possibility of further devaluation due to economic instability or geopolitical tensions. It’s crucial to assess these risks carefully and consider diversifying your investment portfolio to mitigate potential losses. Ways to Purchase Iranian RialCurrency exchange servicesOne option to purchase Iranian Rial is to use currency exchange services, either in-person or online. These services typically offer competitive exchange rates and may also provide additional conveniences such as home delivery or online ordering. Online platformsThere are several online platforms where you can buy and sell Iranian Rial, including foreign exchange websites and cryptocurrency exchanges. These platforms often offer a wide range of currencies and payment methods, making it easy to conduct transactions from anywhere in the world. Travel agenciesSome travel agencies and tour operators offer currency exchange services for travelers visiting Iran. These services may be convenient for those planning to visit the country and require local currency for expenses such as accommodation, transportation, and dining. Tips for Safe and Secure TransactionsResearch reputable vendorsWhen purchasing Iranian Rial, it’s essential to research and verify the credibility of the vendors or platforms you’re considering. Look for reviews and testimonials from other customers to ensure a positive and secure transaction experience. Verify exchange ratesBefore completing a transaction, verify the exchange rates offered by different vendors to ensure you’re getting the best possible deal. Keep in mind that exchange rates can vary between providers, so it’s worth comparing rates before making a purchase. Ensure secure payment methodsWhen buying Iranian Rial online, always use secure payment methods such as credit cards or reputable payment processors. Avoid sending cash or using unsecured payment methods that may put your financial information at risk. Legal Considerations and RegulationsCompliance with international lawsBefore purchasing Iranian Rial, be sure to familiarize yourself with any relevant international laws or regulations governing currency exchange and financial transactions. Failure to comply with these laws could result in legal consequences or financial penalties. Reporting requirements for large currency transactionsIn some countries, there are reporting requirements for large currency transactions exceeding a certain threshold. Be aware of these requirements and ensure that you comply with any necessary reporting obligations when buying Iranian Rial. Potential Benefits of Buying Iranian RialInvestment opportunitiesDespite the risks involved, purchasing Iranian Rial may present investment opportunities for those willing to take on the associated risks. With careful research and strategic planning, it’s possible to capitalize on fluctuations in the currency market and potentially earn a profit. Diversification of currency holdingsAdding Iranian Rial to your currency portfolio can help diversify your holdings and reduce your risk exposure. By spreading your investments across different currencies, you can protect yourself against losses resulting from fluctuations in any single currency. Risks and ChallengesVolatility of the Iranian economyThe Iranian economy is known for its volatility, with factors such as political instability, economic sanctions, and fluctuations in oil prices contributing to uncertainty in the market. As a result, investing in Iranian Rial carries a higher degree of risk compared to more stable currencies. Political instabilityPolitical tensions and conflicts in the Middle East region can also impact the value of the Iranian Rial and the overall stability of the country’s economy. It’s essential to stay informed about geopolitical developments and their potential effects on the Iranian currency market. The Iraqi Dinar, the official currency of Iraq, has been a topic of interest for investors and observers worldwide. Its value, influenced by various factors, has seen fluctuations over the years, sparking debates and speculation in the financial community. Let’s get into the latest Iraqi Dinar updates, examining its current status, recent developments, and implications for investors. Contents hide Table of Content: 1 Factors Influencing Iraqi Dinar Value 2 Recent Developments in Iraqi Dinar 3 Speculation and Investment Opportunities 4 Tips for Investors 5 Historical Trends of Iraqi Dinar Rates 6 Current Iraqi Dinar Rates 7 Impact of Iraqi Dinar Rates on International Trade 8 Investment Opportunities and Risks 9 Strategies for Managing Risks 10 Future Outlook of Iraqi Dinar Rates Factors Influencing Iraqi Dinar Value: The value of the Iraqi Dinar is influenced by a myriad of factors, both internal and external. Economic indicators such as inflation rates, GDP growth, and unemployment levels play a crucial role in determining its value. Additionally, geopolitical factors, including political stability, regional conflicts, and international relations, exert significant pressure on its exchange rate. Recent Developments in Iraqi Dinar: Recent developments in Iraq, particularly those concerning monetary policies and global events, have had a notable impact on the Iraqi Dinar. The Central Bank of Iraq plays a pivotal role in shaping its value through monetary interventions and foreign exchange policies. Furthermore, events such as oil price fluctuations and geopolitical tensions in the Middle East can influence investor sentiment and, consequently, the currency’s performance. Speculation and Investment Opportunities: The Iraqi Dinar has attracted attention from speculators and investors seeking potential opportunities. However, it’s essential to approach such investments with caution, considering the inherent risks involved. While some view the Iraqi Dinar as undervalued and anticipate potential appreciation, others warn of the uncertainties surrounding Iraq’s political and economic landscape. Tips for Investors For investors: considering involvement in Iraqi Dinar-related investments, thorough research and risk management are paramount. Conducting due diligence on geopolitical developments, economic indicators, and Central Bank policies can provide valuable insights. Moreover, diversification across asset classes and regions can help mitigate risks associated with currency investments. Historical Trends of Iraqi Dinar Rates: The historical trends of Iraqi Dinar rates reflect the country’s economic and political developments. Following years of conflict and sanctions, the post-war reconstruction period witnessed fluctuations in the dinar’s value. Economic reforms implemented by the Iraqi government have aimed to stabilize the currency and promote growth. Current Iraqi Dinar Rates: Currently, Iraqi Dinar rates experience fluctuations due to various factors. Exchange rate movements are influenced by market demand and supply dynamics, as well as interventions by the Central Bank of Iraq. Monitoring these rates is essential for businesses engaged in international trade and investment. Impact of Iraqi Dinar Rates on International Trade: The exchange rate of the Iraqi Dinar has a direct impact on the country’s trade dynamics. Importers and exporters must consider exchange rate fluctuations when conducting transactions. Additionally, foreign direct investment (FDI) inflows are influenced by the stability of the dinar. Investment Opportunities and Risks: Investing in the Iraqi Dinar presents both opportunities and risks. Speculative trading in the currency market can lead to significant gains or losses in the short term. However, long-term investors may find opportunities in Iraq’s potential for economic growth. It’s essential to assess the risks involved and adopt suitable investment strategies. Strategies for Managing Risks: To manage risks associated with Iraqi Dinar rates, diversification of investment portfolios is recommended. This involves spreading investments across different asset classes and currencies to mitigate potential losses. Additionally, closely monitoring economic and political developments in Iraq can help investors make informed decisions. Future Outlook of Iraqi Dinar Rates: The future outlook of Iraqi Dinar rates depends on various factors. While there is potential for growth driven by economic reforms and oil revenues, challenges and uncertainties persist. Political instability, security concerns, and global economic trends can impact the dinar’s value in the long term. Check out our other content The rise in the prices of currencies and gold bullion in the Iranian financial markets last Saturday led to a decline in the price of the toman to an unprecedented level, as the price of one dollar exceeded 60 thousand toman. In this way, it appears that with the end of the regime’s propaganda program urging citizens to participate in the elections, the government’s efforts To control the exchange rate up to 50 thousand tomans by the end of the current Iranian year, which ends on March 21, the end of the road has been reached. After the shock of the price increase last February and the measures of the Central Bank of Iran to control prices in the exchange market, analysts expect that the price of the US dollar exceeding 55 thousand tomans has been achieved, and it seems that neither the government nor the actors in this scene want to maintain the price of the dollar. low in the market. Since the beginning of the last week of last February, the price of the dollar has stabilized in the range of 57 and 58 thousand tomans, but on February 28, due to a new wave of price increases in the foreign exchange and metal bullion markets, the dollar moved about 60 thousand tomans until it reached This peak was last Saturday, the second of March. It is noteworthy that despite the efforts made by the Central Bank to stabilize the exchange rate on the eve of the elections, it failed to prevent the continued growth of prices, and as a result the price of one dollar reached 59 thousand tomans by the end of the week. The rise in the price of the dollar Given the rise in the price of the dollar from last Wednesday to Saturday, it seems that the price of the dollar will exceed 60 thousand tomans during the next few days, and it is likely that it will reach 62 and 65 thousand tomans by the end of the Iranian year, which ends on March 21. Economists' expectations about foreign currency prices were fulfilled, as analysts had believed for months that the inflation process in Iran would make it difficult to fix the price of one dollar within the range of 50 thousand tomans, and it is expected that the price of the dollar will reach during the first months of the new Iranian year (1403 AH), which begins in March 20 to the threshold of 70 thousand tomans. The possibility of a rise in foreign currency prices has been reinforced by economists’ speculation at a time when the Central Bank realizes the impossibility of maintaining the mandatory exchange rate, trying to bring the price of the dollar during the first three months of the new Iranian year to the price it desires to prevent a sudden price shock. The speed of movement of the dollar price from 50,000 tomans to the threshold of 60,000 tomans will likely be higher than the price set by the Central Bank to manage the consequences of the rise in foreign currency prices on the night of Nowruz. Therefore, the rise in the price of the dollar during the two weeks preceding the end of the Iranian year will affect the market. And the needs of families in the country. The rise in the price of the dollar in recent weeks has increased the gap between the exchange rate of the dollar in the Central Bank and its price in free markets. As is known, the official exchange rate of the dollar in the Central Bank is 42,900 tomans, and if the price of the dollar reaches 60,000 tomans by the end of next Saturday, This means an increase in the desire to obtain the dollar from the Central Bank at a price of 42.9 thousand tomans. Considering that at the beginning of President Ebrahim Raisi’s government, the price of the dollar in the free market was 25,500 tomans, and the price of the government dollar in the Central Bank was 4,200 tomans, the high price of the dollar explains the failure of the economic and regulatory policies of Ibrahim Raisi’s government. Tehran has the most successful foreign relations/countries in the world desire relations with Iran5/8/2024 Iranian Foreign Ministry spokesman Nasser Kanaani said: In recent years, we have gone through the most complex regional and international circumstances, while we now enjoy the most successful foreign relations. Mehr News Agency reported that Kanaani met today, Wednesday, with the governor of Alborz, northern Iran, and praised the governorate’s achievements and measures in various fields. He said: The authoritarians sought to turn the Islamic Republic of Iran into a security issue, and challenged its nuclear and defensive capabilities, ballistic missiles, and others at various stages. They also sought to consider relations with the Islamic Republic of Iran as a red line. He said: "The development of the international economy depends on these relations. Now we have established the best political dialogues and they will be fruitful." The Foreign Ministry spokesman said: “With continuous diplomacy, we have overcome many barriers and protocols, and in the security field we have proven that we are a point that transmits security.” Click herThe Future Iraq Foundation for Economic Studies and Consultations stated in a report that the value of the local cash currency circulating outside the banking system in Iraq has exceeded 90 trillion dinars during the year 2023. The report indicated that the value of the issued cash currency increased by 9.24% during the year, rising from 78 trillion dinars at the beginning of 2022 to more than 102 trillion dinars at the end of 2023. The institution confirmed that this increase came despite the decline in the value of the Iraqi dinar against the dollar in the local market, in addition to the rise in commodity prices and an increase in inflation rates by 4%, according to data from the Ministry of Planning. The report showed that the cash currency outside the banking system amounted to about 93 trillion Iraqi dinars, an increase of 30% compared to 2022, which is the highest percentage of the volume of funds circulating outside the banking system in the history of Iraq. According to the data, about 43 million people will live in Iraq in 2023, and the number of adults who are not covered by social care exceeds 26 million people, which means that the rate of each Iraqi’s hoarding of the Iraqi currency reaches about 7.2 million dinars. The institution concluded that the rate of hoarding in each Iraqi home reaches 15 million Iraqi dinars, which is a higher percentage than in 2019, which indicates that Iraqis keep large amounts of money outside the banking system. In conclusion, the report indicated that these numbers may seem illogical in light of the economic and social challenges facing Iraq, but they reflect the trends of the Central Bank of Iraq and the increase in the quantities of cash currency exported in the market. e to edit. |
IQDBUY BLOGWelcome to the official IQDBUY BLOG. Find invaluable Articles and analytics here about Iraqi Dinar and Iranian Rial as well as other Middle Eastern currencies in General. You can comment on any articles or news and share them as well. Archives
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