Medya News
Daily Review
Breaking News
Subscribe
  • Home
  • All News
  • Opinion
  • Kurdistan
  • Women
  • Politics
  • Human Rights
  • More
    • Audio Articles
    • Economy
    • Culture & Art
    • Ecology
    • Newsletter
    • Daily Review
Youtube
PODCAST
No Result
View All Result
  • Home
  • All News
  • Opinion
  • Kurdistan
  • Women
  • Politics
  • Human Rights
  • More
    • Audio Articles
    • Economy
    • Culture & Art
    • Ecology
    • Newsletter
    • Daily Review
Youtube
PODCAST
No Result
View All Result
Medya News

The Value of Iraqi Dinar Decreased against US Dollar

12:47 pm 23/12/2020
A A
The Value of Iraqi Dinar Decreased against US Dollar
Share post

Savan Abdulrahman – Iraqi Kurdistan

As published on Iraqi News Agency (INA), The Iraqi central bank announced that Iraq decreased the value of the Iraqi dinar against the US dollar in order to bring as much as needed cash to the government banks.

Commenting on Saturday 19th of December the bank stated “In the last couple of months of this year, there are many conversations around the ratio of Iraqi dinar that took place between the authorities. And these conversations were centred around the economic crisis that Iraq is going through currently.”

The Central Bank sells the dinar to the countries finance ministry for 1,450 per USD and people can purchase dinar in the rate of 1,470 per USD.

This decision led to public outrage both in Iraq and in the Kurdistan governmental region. The ratio of gold rose along with the increase of the US dollar. And people’s fear for their daily earnings and spending arose as a result.

Dr. Ali Allawi the Iraqi Financial Minister announced “Of course, there will be people affected by this decision and there will be those who benefit. But it will not affect the poor because their concern is their house rate and the house rates will remain the same.”

People now are running to sell their gold, an owner of a gold shop says “Since the central bank’s decision, people are coming one after another to sell their gold in order to gain from this exchange.”

This decision also affected the value of products and shop owners fear that the products they export will cost them more. A shop owner says “I recommend that people don’t rush out to buy stuff and spend money, because it is possible that everything can change in the next months.”

According to AP News “Riot police were dispatched outside the central bank headquarters in central Baghdad prior to the announcement in the event news of the devaluation sparked protests.”

Many civil activists in Baghdad has announced a protest against the decrease of Iraqi dinar and call from all the people to participate in a protest that will take place in Tahrir Square on this coming Monday at 3:00 o’clock.

 


Share post
Tags: Trending

Related Posts

Turkey’s infamous history of closing pro-Kurdish parties

Turkey’s infamous history of closing pro-Kurdish parties

March 25, 2023
Erdoğan throws toys to earthquake survivors, calls elections “a critical juncture”

Erdoğan throws toys to earthquake survivors, calls elections “a critical juncture”

March 25, 2023
Saturday Mothers demand justice for father and son abducted by Hizbullah 29 years ago

Saturday Mothers demand justice for father and son abducted by Hizbullah 29 years ago

March 25, 2023
Delegation from Autonomous Administration in Syria visits French Senate

Delegation from Autonomous Administration in Syria visits French Senate

March 25, 2023
Pollster: HDP voters’ support for Kılıçdaroğlu in Turkey’s elections not unconditional

Pollster: HDP voters’ support for Kılıçdaroğlu in Turkey’s elections not unconditional

March 25, 2023
Son of slain Kurdish intellectual Musa Anter applies to run in Turkey’s elections

Son of slain Kurdish intellectual Musa Anter applies to run in Turkey’s elections

March 25, 2023

Videos

Turkey’s infamous history of closing pro-Kurdish parties
LONG READS

Turkey’s infamous history of closing pro-Kurdish parties

March 25, 2023

All News

Turkey’s infamous history of closing pro-Kurdish parties

Erdoğan throws toys to earthquake survivors, calls elections “a critical juncture”

Saturday Mothers demand justice for father and son abducted by Hizbullah 29 years ago

Delegation from Autonomous Administration in Syria visits French Senate

Pollster: HDP voters’ support for Kılıçdaroğlu in Turkey’s elections not unconditional

Son of slain Kurdish intellectual Musa Anter applies to run in Turkey’s elections

Medya News

Impressum

About us

Privacy Policy

Subscribe
Contact
No Result
View All Result
  • Home
  • All News
  • Opinion
  • Kurdistan
  • Women
  • World
  • Politics
  • Human Rights
  • Ecology
  • Economy
  • Culture & Art
  • Daily Review
  • Breaking News
  • Newsletter
  • Authors
  • Podcast

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT

Add New Playlist

Loading
Contact