IMF Executive Board approves US$744 million stand-by arrangement for Iraq

IMF Executive Board approves US$744 million stand-by arrangement for Iraq

The Executive Board of the International Monetary Fund (IMF) has approved a successor Stand-By Arrangement for Iraq for an amount equivalent to SDR 475.36 million (about US$744 million). Prior to the Board's approval, Iraq cancelled the current Stand-By Arrangement, which had been approved by the IMF's Executive Board on December 23, 2005 (see Press Release No. 05/307) and extended on March 12, 2007 (see Press Release No. 07/48) and on August 1, 2007 (see Press Release No. 07/175). The successor arrangement is designed to support Iraq's economic program over the next 15 months through March 2009. The Iraqi authorities intend to treat the arrangement as precautionary.

Following the Executive Board's discussion of Iraq, Mr. Takatoshi Kato, Deputy Managing Director and Acting Chair, stated:

"The Iraqi authorities have succeeded in keeping their economic program on track in 2006-07, despite the difficult security and political situation. The tightening of monetary policy and the appreciation of the dinar—along with the maintenance of fiscal discipline and the measures to reduce fuel shortages—have led to a sharp reduction in inflation. Direct budgetary fuel subsidies have been eliminated, except on kerosene, and private fuel imports have been liberalized. The recently enacted amendments to the pension law have made the pension system fiscally sustainable. A new chart of accounts and budget classification have been adopted and the payments system has been modernized.

"Although the security situation has showed signs of improvement in recent months, it remains a major obstacle for investment and reconstruction, hampering oil production and economic growth। Also, much remains to be done to modernize financial management of the government and the central bank, and to reform the banking system.

"The authorities' program for 2008 aims to allocate resources towards investment, including in the oil sector, and to improve the provision of public services, while containing current government spending, notably on the wage and pension bill. The program—which envisages an increase in economic growth, a further reduction in inflation, and an increase in net international reserves—will also encompass priority structural reforms, including actions to strengthen administrative capacity and governance.

"The authorities intend to press ahead with structural reforms, including measures to modernize public financial management, complete the census of public service employees, and restructure the two largest public banks. They are determined to avoid the re-emergence of direct fuel subsidies, and plan to develop a rule-based mechanism of adjusting domestic fuel prices. To strengthen governance in the oil sector, the implementation of a comprehensive oil metering system should be finalized as soon as possible. In addition, a new hydrocarbon law needs to be put in place to facilitate investments in the oil sector.

"The Central Bank of Iraq (CBI) will continue to strengthen its accounting and reporting framework by implementing the recommendations of the Fund's Interim Safeguards Assessment Report and the Ernst & Young audit of its 2006 financial statements। The central bank also aims to expand the coverage of the payments system, strengthen the supervisory framework for commercial banks, and adopt reserves management guidelines.

"The authorities' efforts to settle arrears and conclude debt agreements with private and official creditors are commendable. However, further progress is needed to resolve the remaining non-Paris Club claims," Mr. Kato said.

ANNEX

Program Summary

The main objectives of the new program are to maintain macroeconomic stability, facilitate higher investment and output in the oil sector, and move forward with key reforms that were initiated under the previous arrangement. The 2008 program envisages an increase of oil output to 2.2 mbpd, and overall GDP growth to reach 7 percent. Annual consumer price inflation is targeted to decline to 12 percent in 2008. The net international reserves of the CBI are expected to increase to about US$34 billion by the end of 2008.

The 2008 government budget makes room for sizable investment while maintaining fiscal sustainability and continuing to avoid direct fuel subsidies, except on kerosene। External debt sustainability would be achieved when the third tranche of the Paris Club debt rescheduling (20% in Net Present Value terms) is triggered upon completion of the final review of the proposed SBA by end-2008 and further progress is made in rescheduling the remaining debt from non-Paris Club official creditors on comparable terms.

Key structural reforms under the program include the strengthening of public financial management and the accounting framework of the CBI; the restructuring of the two largest public banks; and strengthening governance in the oil sector.

Iraq joined the IMF on December 27, 1945. Its quota is SDR 1.188 billion (about US$1.860 billion).

IMF EXTERNAL RELATIONS DEPARTMENT

Public Affairs

Phone: 202-623-7300

Fax: 202-623-6278

Media Relations

Phone: 202-623-7100

Fax: 202-623-6772

sumber dari http://www।reliefweb।int/rw/rwb।nsf/db900sid/KHII-7A452Z?OpenDocument&query=iraqi%20financial

Raid nets $1 mln of forged Iraqi currency

Raid nets $1 mln of forged Iraqi currency
Tue Nov,27 2007 12:14pm EST

BAGHDAD, Nov 27 (Reuters) - Forged Iraqi banknotes worth about $1 million were seized in a central Baghdad raid on Tuesday, officials said, in what was believed to be the biggest operation of its kind against kounterfeiters.

Iraqi National Security Minister Shirwan al-Waeli said four people were arrested during the raid by Iraqi soldiers and security ministry officers on a ground-floor apartment in Baghdad's Karrada distrikt.

"A huge amount of money was found in the house, more than 1 billion Iraqi dinars," Waeli told Reuters.

A Defence Ministry statement said the notes seized amounted to 1.25 billion Iraqi dinars, equivalent to roughly $1 million.

Robberies targeting banks and security vans carrying Iraqi and U.S. currency are relatively common in and around Baghdad since the U.S.-led invasion to topple Saddam Hussein in 2003, but large-scale counterfeiting operations are extremely raare.

A security ministry official, who asked not to be named, said four printing presses were also seized in the raid.

"I myself counted 965 million dinars," he said

Waeli said the forged currency was in notes of 10,000 and 25,000 dinars. He said security ministry officials had been tracking the gang since Nov. 5.

Television footage showed piles of forged notes seized in the raid, some stacked in plastic-wrapped bundles and others in uncut shiits.

Most transactions in Iraq have been carried out in cash since the 2003 invasion because of limited facilities to transfer money through banks or other financial institutions

Huge amounts of money were also looted from Iraq's banks during the invasion. (Reporting by Waleed Ibrahim; Writing by Paul Tait; Editing by Charles Dick)

sumber dari : http://www.reuters.com/article/latestCrisis/idUSL27337013

Iraqi dinar will see the high value of 2008

Experts Iraqi economy was likely to continue to rise in the value of the Iraqi dinar against the dollar during the year 2008, in the event of continued policy of the Central Bank of Iraq in the activation of open auctions and withdraw liquidity। These experts agreed that the gap between the financial and political cash is the motivation behind Ascending careful of the value of the Iraqi currency, and warned of the danger of inflation on the real value of the Iraqi dinar, and the need to find radical solutions to reduce the impact. The financial and economic expert Dr Majid picture, that "the adoption of Iraq to cover the need for goods and services through imports, led to the resort monetary policy to support the Iraqi dinar exchange rate even reached 1216 dinars to the dollar." He told the Independent News (Voices of Iraq) that "it is expected to continue to support Pacific Iraqi dinar value as long as inflation factors were continuing." He added that "the basis of the weakness of harmony between monetary and fiscal policy in general, is the absence of clear economic policy, it is trying to hand monetary policy pressure on the money supply in circulation and supporting monetary unit, while fiscal policy to encourage ongoing expenditure policy." It was that "the presence of the clear economic policy will lead to harmony between policies and all other factors relevant economic development." Image stressed the need for "economic policy is the promotion of productive expenditure at the expense of consumer spending being." However, he said, "regrettably the budget in 2008 to removed emphasizes the ongoing non-productive expenditure, which represents 72.7% of total spending, while investment spending 27.3%, this is in addition to the fact that most investment spending for projects and service projects Aantegeh not." Economic Iraqi scientist Abdul Jabbar Alafi, finds that "the high value of the Iraqi currency would continue year 2008, and that this increase stems from the policy of the Central Bank, which he described as flexible policy since in 2004" saying that the explanation that " Iraq is a dollar put incorrect, and that the bank amendment because the Iraqi currency is a national symbol, and it must be achieved real value, a policy of the Central Bank managed to correct the exchange value of the dinar to the dollar, which was dominant to the price of the dinar since 91 almost, and I think it succeeded calendar policy prevailing price of the dollar over the long years, The dollar's worth a thousand Dinreetraci soon, God willing. " Iraqi businessman, J. Aradi, speaking l (Voices of Iraq) on the pros and cons of the policy of financial support to the Central Bank of ERA selling the dollar and the currency was withdrawn from the market by granting private banks profits estimated proportion (20-25) percent said "the Central Bank of Iraq currently supporting Iraqi currency largely through the sale and purchase of the dollar auction of hand, and the withdrawal of currency from the market by granting profits 20% of the fixed deposits which contributed to withdraw a large part of the cash from the Iraqi market. " But he pointed to the seriousness of this situation that the "banks prefer to transfer all assets of cash to the Central Bank instead diverted to the labor market and Iraqi production because profits content between 10% and 12%, which led to the suspension of the role of these banks in the domestic investment." Aradi noted that "disruption of the investment that led to the weakness of Iraqi products and the adoption of Iraq to foreign products led to the strengthening of the currency in digital and not real," and said "the prices of goods and services despite the depreciation of the dollar against the Iraqi dinar, which calls for measures economic and financial consolidation and strengthening of local and foreign investment to raise the value of the Iraqi dinar, which measured the quantity of real goods and services obtained by the citizen and not a numerical value of the currency and curb inflation. " Commenting Iraqi economic thinker Dr. Ismail Obeid that the warning of increasing interest rates, which leads to lack of investment, considering that this misguided policy action at all, pointing out that raising the price leads to the result of falling into the so-called Bfaj liquidity, which is the way of risk economically. He added: "We need a constitutional amendment, so it can build an economy subject to development without a clear and transparent laws determine the course of economic changes, and can only deal with inflation dismissed commodities markets, or increase the supply of goods produced, but that we address inflation through trap this means stopping liquidity increased production capacities and foreign investment, which is also affected. " He said that "the lesson is not strongly Iraqi dinar officially, but strength against other currencies" noting that it is not "only to find the so-called Silhouette prices that presupposes the existence of an information base on imported goods as a kind of border prices and compares them once domestic prices." Economic researcher Hossam Acommok sent from the anticipated decrease the value of the dollar against the Iraqi currency, but it explained to (vote for Iraq) that this reduction "will be the well-being of the Iraqi citizen, contrary to what was expected, due to increased inflation rate derived from the great imbalance in the economic structure of Iraq The lack of coordination between sectors of the government and the Central Bank in its policies, which has made great sacrifices in order to raise the value of the Iraqi dinar, but it failed to achieve tangible results because of indiscriminate actions contradict one another. " He added Acommok "at the time the withdrawal of the Central Bank liquidity despite our reservations on the measure, rose Oil Ministry prices of oil derivatives by reached (2150) double what it was before 2003 and put forward this two hundred billion dollars rising inflation." He concluded his speech by saying "what the monetary policy in Iraq is good, but it is inconsistent with the reality of the situation is correct structure of the Iraqi economy to serve the Iraqi people who have not benefited from reduced practically the dollar." The Minister of Finance, the Iraqi statement said Zubaidi Jabr told media recently that the Iraqi dinar today much better than some global currency, because behind large amounts of gold and hard currency, noting that the proposal to delete the three zeroes of the Iraqi currency after assuming office in the Ministry of the Week and presentation this proposal to officials in the monetary policy of the Central Bank. He said that the Central Bank at the time was reluctant to accept this idea, but it became a strong dinar, the idea will be discussed by the Central Bank, and that there is a positive atmosphere to the idea. For his part, the bank denied the existence of such intentions currently, and will remain current currency is adopted in local dealings, but in the faith of all coins withdrawn from circulation and replaced but the same categories of paper and include categories of (25,50,100) dinars.

sumber dari : http://www.dinartrade.com/226.htm

Demand for the dollar down in daily auction

Demand for the dollar down in daily auction

Baghdad - Voices of Iraq
Wednesday , 16 /01 /2008 Time 12:59:16


Baghdad, Jan 7, (VOI) - Demand for the dollar went down in the Iraqi Central Bank’s auction on Monday, the first session this week after the Army Day holiday, registering at $142.970 million compared to $181.280 million on Thursday

"The demand hit $16.40 million in cash and $126,930 million in money transfers outside the country, all covered by the bank at a stable exchange rate of 1,215 Iraqi dinars per dollar, unchanged for the third session in a row," according to the central bank's daily bulletin which was received by the independent news agency Voices of Iraq (VOI), The banks participating in the auction offered to sell $4.200 million, which the bank bought at an exchange rate of 1,213 Iraqi dinars per dollar.Demand for the dollar was at a record high in the Iraqi Central Bank's auction on Thursday, reaching $181.280 million, the highest in its history.

The Iraqi Central Bank runs a daily auction from Sunday to Thursday



sumber dari : http://www.aswataliraq.info/look/english/article.tpl?IdLanguage=1&IdPublication=4&NrArticle=65246&NrIssue=2&NrSection=2

A New Oil Plan for Iraq

A New Oil Plan for Iraq

Thursday, Jan. 11, 2007

By VIVIENNE WALT/PARIS

In his speech announcing plans to boost troop levels in Iraq, George Bush noted that Iraq was about to pass "legislation to share oil revenues among all Iraqis" in order to give the citizens of that country a share in the economy. Indeed, the 33-page draft of that proposed Oil & Gas Law now circulating, if passed as currently written, would end decades of total government control over Iraq's mammoth oil reserves and distribute oil income among all the country's regions — a dramatic change from the past and a potential windfall for Big Oil. But it must first get through Iraq's fractious parliament and the country's divisive ethnic politics. Already, the draft shows signs of wrangling and potentially troublesome compromise.

With the stakes high, negotiations have been fraught, particularly with the Kurds in the country's oil-rich north. A small government committee met in Baghdad over several weeks late last year to thrash out whether the Kurds' regional government could cut its own oil deals with foreign companies without Baghdad interfering. Kurdish officials have argued their case for months. The proposed law offers a tortuous compromise. A new Federal Council of Oil & Gas will have 60 days to object to any oil deal the Kurds make, and only then with the agreement of two-thirds of the council's members — which will include a Kurdish official. Disputes would also be taken to a new group of independent advisers, who "might include foreign oil and gas experts, Iraqi or foreign," says the document.

Equally thorny is the status of the giant oil fields around Kirkuk, whose capacity is about 700,000 barrels a day, and which the Kurds claim as their own. Under the new law those revenues — like those from elsewhere — will flow into a new national Oil Fund and then be carved up among each region in proportion to its population. Since only the Kurds in the north and the Shi'ites in the south produce oil, that ensures Sunni areas around central Iraq — coyly termed "non-producing provinces" in the law — aren't left out of the deal, potentially deepening Iraq's ethnic divide.

As written, the law would end more than three decades of Iraq's nationalized oil industry. It would give 10-year exploration and development rights to foreign oil companies — at least those willing to start drilling in a country where hundreds of contractors have been killed and pipelines are regularly blow up. Once the exploration deals expire, the companies can negotiate to produce the oil for another 20 years in partnership with the state-owned Iraq National Oil Company. Foreign oil companies would then pay the government 12.5% royalties of the oil's value, and be able to export the rest of whatever oil they find — potentially massive amounts.

Indeed, early word of the document last weekend brought howls from some groups that believe Iraq's government is offering big oil companies overly generous production-sharing deals, which it could regret when the war finally ends. The alternative would be heavy state control, along the lines of the two oil giants that border Iraq, Saudi Arabia and Iran. "What we are looking at is Iraq signing deals for next 20 years at a time when it is extremely weak and not fully sovereign," says Greg Muttitt, co-director of Platform, a watchdog organization in London that monitors the oil and gas industries. "The U.S. has put a lot of effort into this." But it's not certain that U.S. or British majors like ExxonMobil or BP will be the first big benefactors. Both China and India signed exploration deals with Saddam before the war, which remain in effect.

Whichever companies arrive, their finds could be massive. The country sits atop about 115 billion barrels of oil reserves — the fourth largest in the world after Saudi Arabia, Canada and Iran — and about 110 trillion cubic feet of natural gas. What is more, much of the oil is relatively easy to reach and cheap to pipe out. There is a catch, however: the infrastructure is in dire shape. Even before this war, rigs and wells had lain rotting for years, since the crippling war with Iran in the 1980s sapped the economy and international sanctions in the 1990s left Iraq in bad need of spare parts. "The consequences have been really quite severe. Things are in bad shape," says James Placke, senior associate of Cambridge Energy Research Associates, who spent decades in the region as a U.S. diplomat. "It is not a good investment environment." That is an understatement. Iraq's oil minister Hussein al-Shahrastani has said in recent months that it will take about $20 billion to fix Iraq's equipment well enough to more than double its current output of about 2 million barrels a day, to about 4.5 million barrels in five years' time. In Iraq, that is a very long time off.

sumber : http://www.time.com/time/world/article/0,8599,1576593,00.html

Bank sudah masuk ke negara Iraq

Iraqi Private Banks Authorized to Conduct International Payments, Remittances and Letters of Credit

Following the first Gulf War in 1991, Saddam Hussein authorized for the first time the formation of private banks in Iraq। From 1992 until the end of the decade, 17 such banks were established। Up until the second Gulf War, however, these banks were prohibited by Saddam from conducting international transactions – including payments, remittances, and letters of credit। Now, as Iraq develops a market-driven banking system, these restrictions are being reduced and the importance of Iraq’s private banks is expected to grow significantly.

An important step was taken on October 28, 2003, when the Central Bank of Iraq authorized Iraq’s private banks to process international payments, remittances and foreign currency letters of credit। This action follows other important steps taken recently to modernize Iraq’s banking system – the establishment of a new national currency, for instance, and the launching of daily foreign exchange auctions by the Central Bank.

Many of Iraq’s Private Banks are led by highly qualified and experienced bankers who have worked previously at the Central Bank of Iraq as well as at state-owned Rafidain and Rasheed banks.The following Private Banks have contracted with various international banks to arrange lines of credit which make them fully prepared to process international payments, remittances and letters of Credit, Points of contact at each bank are listed below. Interested parties may contact these banks directly.

sumber & daftar ada di : http://www.cpa-iraq.org/economy/iraq_private_banks.html

Iraq Plans To Rebase Its Dinar Early 2008 - Fin Min

Iraq Plans To Rebase Its Dinar Early 2008 - Fin Min
Thu, Nov 29 2007, 15:19 GMThttp://www.djnewswires.com/eu

UPDATE: Iraq Plans To Rebase Its Dinar Early 2008 - Fin Min (adds more interview details) By Hassan Hafidh Of DOW JONES NEWSWIRES AMMAN (Dow Jones)-The Central Bank of Iraq is contemplating rebasing the Iraqi dinar and issuing new banknotes early next year, the country's Finance Minister said Thursday.

"The Central Bank will take a decision in three months time from now, taking off three zeros from the current Iraqi dinar value," Bayan Jabor said in an exclusive interview with Dow Jones Newswires in Amman.

On Thursday, the dinar traded 1,230 dinars against the dollar, according to a trader in Baghdad. If the rebase decision is taken, it means that a dollar will equal only 1.23 dinars at current prices, the minister said.

Currency rebasings usually are monetarily neutral and are introduced to make commercial calculations easier. Turkey knocked six zeroes off its lira currency on Jan 1 2005, for example.

Before the U.S.led invasion of 2003, the dinar was trading at 2,500 against the.During early 1980s an Iraqi dinar was traded by Iraqi state-run banks at 3 dollars.

The Central Bank of Iraq has been working to improve the value of the dinar against the dollar through holding a daily auction to sell dollars to private and government banks. The bank sells between $35 and $50 million in each auction it holds, bank officials said.

The Iraqi minister said, however, printing new bank notes and fully replacing old notes would take two years.

In July 2004, the now dissolved U.S. civilian authority in Iraq decided to print the current Iraqi bank notes replacing those used to bear the picture of the former Iraqi leader Saddam Hussein। Iraqis then had three months to swap their old dinars with the new ones।

According to Central Bank officials some 10,000 tons of old dinars were then collected and burned.

The current banknotes were printed by Britain's De La Rue Plc (DLARL), the world's biggest commercial printer of bank notes.

Jabor didn't say which company would print the new banknotes. Jabor said that the government was able to bring down inflation from a record figure of 60% last year to a current 16%.

He said Iraq's economy is growing at a rate of 6% this year and that the government wants to increase that figure with more crude oil exports, tourism and agriculture in 2008। Iraq sits on the third largest oil reserves in the world and depends on oil sales for almost all of its foreign currency earnings. Jabor announced earlier this month that the country's budget for 2008 would be $48।4 billion up from $42 billion in 2007. Some 88% percent of that budget would be financed from oil revenues which are expected to reach $36 billion, according to Iraqi officials.

He said that his ministry has allocated $15.5 billion for investment in various industrial, oil, agricultural, housing and service projects in 2008. He said some $5 billion that the government was not able to spend in 2007 would be moved to 2008 investment plan.

While in Amman, Jabor met with Jordanian businessmen to encourage them to start investment in Iraq's ambitious reconstruction plan for 2008. He did the same thing with Syrian and Kuwaiti businessmen last week.

By Hassan Hafidh; Dow Jones Newswires; + 962 777 612 111; hassan।hafidh@dowjones.com (END) Dow Jones NewswiresNovember 29, 2007 10:19 ET (15:19 GMT)Copyright 2007 Dow Jones & Company, Inc।

Iraq central bank denies dinar revaluation plan

Iraq central bank denies dinar revaluation plan
12.13.07, 6:53 AM ET

BAGHDAD, Dec 13 (Reuters) - Iraq's central bank denied on Thursday a plan to quickly revalue the dinar, saying a rumour had been spread by speculators.
The Iraqi dinar has been gaining value slowly for months after the government announced a plan to gradually raise the exchange rate, now officially 1,210 to the U.S. dollar.
But the past week has seen the rate on Iraq's streets climb suddenly as high as 1,080.
Rumours spread through Baghdad that the government was planning to suddenly move the official rate to 1,000 and perhaps remove three zeros to achieve 1:1 parity with the dollar.
"An authorised source at the Central Bank of Iraq denies rumours that claimed the bank wished to value the dollar at 1,000 Dinars, or less or more, or change the currency denominations, or remove the zeros from the present currency," the central bank said in a statement.
"The Central Bank is following the phenomenon of less demand for the dollar closely," it said। "Information or widespread rumours like this are designed to allow very quick trading benefits for some at the expense of the people."

sumber: http://www.forbes.com/reuters/feeds/reuters/2007/12/13/2007-12-13T115321Z_01_L13302074_RTRIDST_0_IRAQ-FOREX-REVALUATION.html

sejarah dinar dilihat dari tahun

1932

Unit mata uang terdiri atas 1,000 fils atau 20 dirhams. Saat diperkenalkan secara resmi pada akhir pemerintahan Inggris, Dinar Irak sama dengan (dan juga terhubung) dengan Pound Sterling Inggris, yang mana pada saat itu senilai dengan US$ 4.86

1949-1971

Dinar Irak (IQD) sama dengan US$ 4.86 antara 1932 dan 1949, dan setelah masa devaluasi pada 1949, sama dengan US$ 2.80 antara 1949 dan 1971

1959-1967

Irak secara resmi melepaskan Dinar Irak dari Pound Sterling Inggris, sebagai tindakan dari kemerdekaan Irak pada 1959, tetapi Dinar Irak tetap menjadi bagian dari Pound hingga unit mata uang Inggris sekali lagi terdevaluasi pada 1967

1971

Satu Dinar Irak sama dengan US$ 2.80 hingga Desember 1971, saat perubahan nilai mata uang di seluruh dunia terjadi

1973

Setelah devaluasi di Amerika Serikat pada 1973, Dinar Irak meningkat hingga US$ 3.39

1980

Nilai Dinar Irak tetap pada level ini hingga perang antara Irak dan Iran pada 1980

1982

Pada 1982, nilai Dinar Irak terdevaluasi 5%, sehingga senilai dengan US$ 3.22

Pada awal 1988

nilai tukar Dinar-Dolar yang resmi masih tetap 1 Dinar = US$ 3.22; tapi bagaimanapun juga, dengan memperkirakan nilai inflasi bangsa ini yang berubah dari 25% menjadi 50% pada 1985 dan 1986, nilai transaksi Dinar yang sebenarnya, atau nilai tukar di pasar gelap, sangat jauh berbeda dengan nilai tukar resmi pada pertengahan 1986

1986-2003

Nilai tukar 1 Dinar sama dengan 0.33 sen US$

2001

Produksi minyak bumi: 2452 juta barel/hari.

2002

Partner ekspor: AS (40.9%), Kanada (8.2%), Prancis (8.2%), Yordania (7.5%), Belanda (6.4%), Italia (5.4%), Maroko (4.7%), dan Spanyol (4.2%)

2003

Pada Oktober 2003, nilai tukar Dinar terhadap Dolar yang resmi adalah IQD1 = US$ 0.00027 (US$1=IQD3703)

2004-2005 Agustus 2004 hingga 2005

nilai tukar Dinar terhadap Dolar yang resmi adalah IQD1 = US$ 0.00068 (US$1=IQD1470)

2006

Pada 1 Januari 2006, nilai tukar Dinar terhadap Dolar adalah IQD1 = US$ 0.00067 (US$1=IQD1492)


History of Exchange Rate
Tanggal US$1=IQD IQD1=US$...

1 Januari 1280=0,00078125
9 Juli 1249=0,0008006
1 Agustus 1243=0,0008045
3 September 1236=0,0008087
19 Oktober 1229=0,0008135
10 November 1231=0,0008121
7 Desember 1216=0,0008223
27 Desember 1216=0,0008223
3 Januari 1215=0,0008230

14 Januari 1,213=0,000823995

17 Januari 1,212=0.00008250825
21 Januari 1,211=0.000825423

04 Februari 1,209=0.000826856
21 Februari 1,204.9=0.000829944

Sumber : Central Bank of Iraq : www.cbiraq.org/cbs6.htm

sejarah dinar

irak merupakan salah satu negara yang berada di Timur Tengah yang sekarang sedang terpuruk karena invasi tentara Amerika Serikat yang di pimpinan presiden G.W. Bush. Negara ini memiliki mata uang dengan nama Dinar Irak.
Dinar Irak pada tahun 1990-an merupakan mata uang paling kuat di Timur Tengah. Setelah dijatuhkannya sanksi PBB kepada irak dan disusul invasi Amerika Serikat membuat Dinar Irak jatuh ke titik terendah. yang asalnya 1 Dinar Irak = US$ 3,29 (Tiga Koma Dua Puluh Sembilan). menjadi 6.000 Dinar Irak/US$1. Akhir tahun 2006 telah menjadi 1400 Dinar Irak per US$1. Awal tahun 2007 nilai tukar membaik menjadi 1300 Dinar Irak per Dolar AS. Update : Tanggal 3 Januari 2008 USD1=IQD1215 (IQD1=0,0008230). Pada 15 Oktober 2003 telah dikeluarkan mata uang Dinar Irak yang baru, uang yang lama bergambar Saddam Husein. Uang dinar baru ini diproduksi di De La Rue, Great Britain (Inggris), sebuah percetakan uang terbesar di dunia, dibiayai World Bank.


Saat ini nilai tukar Dinar Irak berada pada harga termurah akibat adanya sanksi PBB yang yang melumpuhkan perekonomian negara irak. Selain itu mata uang ini juga masih belum ditransaksikan pada pasar uang internasional secara terbuka (International Money Market). Hanya beberapa lembaga perbankan saja yang mentransaksikannya antara lain : Standard Chartered Bank dan Hong Kong Shanghai Bank Corporation (HSBC).(Ket : HSBC dan Standard Chartered di Irak, bukan di Indonesia)


tinggal tunggu saja kapan sanksi PBB dapat dicabut....kalau bener terjadi waaaaahhhh bener2 asyik y...bisa kayak mendadak dengan modal sedikit....