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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.
Despite a highly uncertain domestic and external environment, Al-Shabibi has held the Iraqi currency, the Iraqi Dinar firm at about US$1 = IQD 1'190 (US$1 equalled IQD 2'214 in December 2002), reduced inflation to single digits (from 64% in 2006 to 5.2% in September 2012), quadrupled the bank's gold reserves to 32 tonnes, and remained a strong ...
Revaluation is a change in a price of a good or product, or especially of a currency, in which case it is specifically an official rise of the value of the currency in relation to a foreign currency in a fixed exchange rate system. In contrast, a devaluation is an official reduction in the value of the currency.
Revaluation – Official increase in the value of a country's currency within a fixed exchange-rate system; Capital appreciation – Increase of value of finance over time (Accounting term) Currency carry trade – Uncovered interest arbitrage (investors borrow low-yielding currencies and lend (invest in) high-yielding currencies).
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. [35]
The following Wikimedia Commons files used on this page or its Wikidata item have been nominated for deletion: 10 Dinar-R.jpg; 10Dinar-F.jpg; IQD-2003-1000-a.jpg
Rigetti Computing, IonQ, and other quantum stocks plunged after Nvidia CEO Jensen Huang told Wall Street analysts that “very useful quantum computers” are likely 20 years away.
Introduced in Congress on October 2, 2002, in conjunction with the Administration's proposals, [3] [8] H.J.Res. 114 passed the House of Representatives on Thursday afternoon at 3:05 p.m. EDT on October 10, 2002, by a vote of 296–133, [9] and passed the Senate after midnight early Friday morning, at 12:50 a.m. EDT on October 11, 2002, by a ...