Economists Divided Over Deletion Of Zeros on Iraqi Dinar A customer counts Iraqi dinars at a money changer in Baghdad, Oct. 1, 2012. (photo by REUTERS/Saad Shalash) By: Amina al-Dahabi for Al-Monitor Iraq Pulse Posted on October 1.   إقرأ باللغة العربية The Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003. This project has raised many concerns among the Iraqi public and within the business community, and Iraqi economists are divided. While some support the project and con ..read more

By: Omar al-Shaher for Al-Monitor Iraq Pulse. posted on January 7. Despite the attention given by Iraqi media to the increase of gold reserves, locals are still oblivious to the repercussions of such an act on their daily affairs.   The monthly statistical report of the International Monetary Fund stated that over the three months between August and October of last year, Iraq’s gold holdings quadrupled to 31 tons, the first time something like this has happened in years. The value of gold as a strategic reserve has grown over the past few years due to the continued in ..read more

Baghdad (IraqiNews.com) Iraq’s Oil Minister Jabar Ali al-Luaibi expected the country’s oil output to reach five million barrels per day, and associated gas production to hit 1.3 billion standard cubic feet by the end of 2017. Al-Luaibi told semi-official Alsabaah newspaper that the Oil Ministry will be able to achieve its goal of producing five million barrels of crude oil per day by the end of this year, stressing that the ministry’s plans “will not be affected by any fluctuations”. “South Gas Company will be able to invest the associated gas as production is likely to reach 1.3 billion stand ..read more

via Banknote News – Iraq new 50,000-dinar note (B356) confirmed Jan 01, 2016 11:16 AM Category: Middle East According to an Arabic press release dated 11 November 2015 (English translation here), the Central Bank of Iraq introduced the following 50,000-dinar note. B356 (PNL): 50,000 dinars (US$42) Brown, green, yellow, and blue. Front: Assyrian jar as blue-to-green SPARK patch; water wheel on the Euphrates river; palm trees; flying birds; Gali Ali Beg waterfall in Kurdistan; Assyrian palm tree as registration device. Back: Assyrian palm tree; fishermen poling canoes through marshes with fl ..read more

Amid battle with IS, Iraq parliament approves next budget By Sinan Salaheddin, The Associated Press5:52 p.m. EST December 16, 2015 (Photo: Ahmad al-Rubaye/AFP via Getty Images) BAGHDAD — Iraq’s parliament on Wednesday approved next year’s budget of nearly 106 trillion Iraqi dinars, or about $89.7 billion, even as the country is embroiled in a costly war against the militant Islamic State group. Iraq holds the world’s fourth largest oil reserves, some 143.1 billion barrels, and oil revenues make up nearly 95 percent of its budget. But like other oil-reliant countries, Iraq’s ec ..read more

The Central Bank of Iraq issued an improved series of notes last April 2014 , they have similar and improved security features to the older 2003 series and we picture the new 25000 , 10 000 and 5000 notes below . There are a few design changes but they are very similar in look to the older ones . Both the 2003 and 2014 issues are in circulation and both continue to be valid , as from this date where possible we will be selling the 2014 issue for new orders and all option agreements we have in place for monthly calls now will receive 2014 notes if exercised . 3rd May 2015 (update to January 201 ..read more

The Central Bank of Iraq issued an improved series of notes last April 2014 , they have similar and improved security features to the older 2003 series and we picture the new 25000 , 10 000 and 5000 notes below . There are a few design changes but they are very similar in look to the older ones . Both the 2003 and 2014 issues are in circulation and both continue to be valid , as from this date where possible we will be selling the 2014 issue for new orders and all option agreements we have in place for monthly calls now will receive 2014 notes if exercised . 21st January 2015 Iraqidinars.com ..read more

The U.S. contemplates sending military aircraft and possible ground troops to rescue the Yazidis, as more American military advisers arrive in Iraq to help plan an evacuation of the displaced people. Displaced Iraqi Yazidis demand more aid at the Bajid Kandala camp in Kurdistan on August 13, 2014. By: Avi Asher-Schapiro for National Geographic News Published August 9, 2014 For their beliefs, they have been the target of hatred for centuries. Considered heretical devil worshippers by many Muslims-including the advancing militants overrunning Iraq-the Yazidis have faced the possibility of ge ..read more

The terrorists of the so called Islamic State in Iraq and Levant ISIL stole about seven Billion Iraqi Dinars (about six million US dollars) form a governmental bank in central Tikrit city, the center of Salah-il-Din province, on Wednesday, reportes a security source. The source added “The gangs of ISIL stormed in the governmental Agricultural Bank of central Tikrit city and stole a cash of about IQD seven billion then they fled to unknown destination.” The terrorists of the so called Islamic State in Iraq and Levant ISIL stole about seven Billion Iraqi Dinars (about six million US dollars ..read more