The Moody's credit rating agency maintained Iraq's rating at "Caa" with a stable outlook. The rating reflects Iraq's current financial situation, given its dependency on hydrocarbons, which makes the country highly vulnerable to fluctuations in oil prices. Iraq would also be affected fundamentally by the escalation of the Gaza conflict and the intervention of other parties. Earlier this month, the International Monetary Fund (IMF) released a dire assessment of the Iraqi economy due to factors such as reduced oil production, changes in currency exchange rates, and disruptions in oil ..read more

Can you spend the 2008 series Zimbabwean currency in the country today? NO.  No, you cannot spend the 2008 series Zimbabwean currency in the country today. The Zimbabwean dollar was abandoned in 2009 due to hyperinflation, and the country has since adopted a multi-currency system that includes the US dollar, the South African rand, the Botswana pula, and the British pound. As of 2023, the only spendable currency series in Zimbabwe is the RTGS dollars and the US dollar. The RTGS dollar, which stands for Real Time Gross Settlem ..read more

             This story is translated from Economy Blog in Iraq.  On Saturday, Rafidain Bank announced the launch of a campaign to rely on electronic payment and open bank accounts for citizens. The bank is going around visiting owners of shops, commercial centers, universities, and other sectors to ramp up the digital payment platform that Parliament voted on.  Iraq is serious about the digital payment process.  As of January 1, 2024, US dollars will no longer be used in day-to-day transactions.   ..read more

Babylon, Iraq Unraveling the Ancient Ties to Egypt - The Untold tale of Egypt's entwined fate with Babylon.  Ancient history has always been a subject of fascination for many people, and rightfully so. The stories, myths, and legends that have been passed down through generations have captured our imagination and continue to intrigue us even today. One aspect of ancient history that has always fascinated historians, archaeologists, and the general public alike is the close connection between two powerful civilizations – Egypt and Babylon. The ties between these two great ancient societ ..read more

  Iraqi mourners in Baghdad carry the coffin of a Kataeb Hezbollah fighter who was also part of the 'Islamic resistance in Iraq,' which has claimed recent attacks against US troops in Iraq and Syria, and who is believed to have died in a US air strike.  Image from MSN A U.S. military aircraft responded in self-defense to an attack on an air base west of Baghdad on Tuesday, killing a number of Iranian-backed militants. An attack by a close-range ballistic missile on Ain al-Asad air base resulted in eight injuries and minor damage to infrastructure, according to two U.S. officials ..read more

  On Monday, Iraqi Prime Minister Mohammed Shia Al-Sudani and US Ambassador to Iraq Alina Romanowski discussed the agenda for next week's Central Bank of Iraq (CBI) and US Treasury Department meetings.  The channel will keep you updated on the meeting results.  According to the Prime Minister's Office (PMO), Al-Sudani and Romanowski discussed bilateral ties and collaboration in several areas. The CBI and US Treasury Department's cooperative relationship was also discussed, as several topics will be discussed at their meeting next week. Also discussed were the horrible event ..read more

Tracing Iran's Deep Connection to the Bible We are interested in Iran because of the bazaar relationship between Iraq and Iran.  Since the new prime minister was elected i Iraq in November 2022, a severe policy shift has led toward the empowerment of the Iranian framework. Many around the world view this shift negatively. The research shows that Iran is as old as Iraq, and the Persian Empire was the largest in the world at one time.  As we traverse back thousands of years, prepare to be astounded by Iran's profound impact on biblical narratives - an influence that echoes across ..read more

This information is from the Media Office of the Prime Minister of Iraq. On Tuesday, Iraqi Prime Minister Mohammed Shia al-Sudani led a meeting to monitor the progress of the banking reforms. The Finance Minister, Governor of the Central Bank of Iraq (CBI), and directors of government banks attended the meeting as part of comprehensive economic reform. During the meeting, the Prime Minister instructed all directors of government banks to develop a plan to improve bank operations within one month. As part of this plan, financial, human, and technological resources should be optimized, pape ..read more

On November 18, 2023, 11:32 CST Google has the IQD rate at with a 1 United States Dollar equals 1,303.63 Iraqi Dinar Nov 19, 1:58 AM UTC ·  Earlier today it was one IQD is equal to 0.00077 United States Dollars (USD). At this time the currency is not yet worth one US cents. Another way of looking at the exchange rate is $1.00 equals $1,308 IQD.  The exchange rate has been fluctuating in recent months, but it has been on a downward trend. This is due to a number of factors, including the ongoing political instability in Iraq and the declining price of oil, which is Iraq's main ..read more

 I It is impossible to say for certain when the Iraqi dinar will revalue. The value of a currency is determined by a number of factors, including the country's economy, political stability, and the supply and demand for the currency. There is no single event or factor that can guarantee that the dinar will revalue. However, there are a few things that could happen that could lead to a revaluation of the dinar. If the Iraqi economy continues to grow and stabilize, and if the country's political situation becomes more stable, then demand for t ..read more