The Iraqi dinar exchange globally on Tuesday
7/10/2018

Knozemedia – Foreign Currencies

– USD 1 USD = 1,190.0000 Iraqi Dinar

1 Iraqi Dinar = 0.0008 USD

– Euro 1 Euro = 1,397.8293 Iraqi Dinar

1 Iraqi Dinar = 0.0007 Euro

– Pound sterling = £ 1,576.7792 Iraqi dinars

1 Iraqi Dinar = 0.0006 £

– Canadian Dollar 1 Canadian Dollar = 907.2750 Iraqi Dinar

Iraqi Dinar = 0.0011 Canadian Dollars

Australian Dollar 1 Australian Dollar = 888.1127 Iraqi Dinar

1 Iraqi Dinar = 0.0011 Australian Dollars

– Japanese Yen = JPY = 10.7364 Iraqi Dinar

Iraqi Dinar =

Swiss Franc 1 Swiss Franc = 1,199.5968 Iraqi Dinars

1 Iraqi Dinar = 0.0008 Swiss Franc

Turkish Lira 1 Turkish Lira = 254.0200 Iraqi Dinar

Iraqi Dinar = 0.0039 Turkish Lira

– Chinese Yuan 1 Chinese Yuan = 179.7732 Iraqi Dinars

1 IQD = 0.0056 Chinese Yuan

– Thai Baht 1 Thai Baht = 35.9739 Iraqi Dinars

1 Iraqi Dinar = 0.0278 Thai Baht

– Ringit Malaysia 1 Ringit Malaysia = 295.3220 Iraqi Dinar

Ringtone Malaysia

– Indian Rupee 1 Indian Rupee = 17,330 Iraqi Dinars

Indian Rupee

The Iranian Rial 1 Iranian Rial = 0.0277 Iraqi Dinar

1 Iraqi dinar = 36.0716 Iranian riyal

Arab currencies

Egyptian Pound. Egyptian Pound

1 Iraqi Dinar = 0.0151 Egyptian Pounds

Saudi Riyal 1 Saudi Riyal = 316,1992 Iraqi Dinars

1 Iraqi Dinar = 0.0032 SAR

– The UAE Dirham (AED) = 323.9700 Iraqi Dinar

1 ID = 0.0031 AED

– Sudanese Pound 1 Sudanese Pound = 66.1111 Iraqi Dinars

Iraqi Dinar = 0.0151 Sudanese pounds

– The Algerian Dinar 1 Algerian Dinar = 10.1435 Iraqi Dinar

1 Iraqi Dinar = 0.0986 Algerian Dinars

– Bahraini Dinar = BD 3,134,6971

1 Iraqi Dinars = BD 0.0003

– Jordanian Dinar 1 JD = 1,676,0351 Iraqi Dinars

Iraqi Dinar = 0.0006 JD

– Kuwaiti Dinar = KD 3,934,3525

IQD = KD 0.0003

Lebanese Pound = LBP = 0.7851 Iraqi Dinar

1 Iraqi Dinar = LBP 1.2737

– Libyan Dinar 1 Libyan Dinar = 868.6131 Iraqi Dinar

1 Iraqi Dinars = 0.0012 Libyan Dinars

– Moroccan Dirham 1 Moroccan Dirham = 126.1194 Iraqi Dinars

1 Iraqi Dinar = 0.0079 Moroccan Dirham

Mauritanian Ouguiya 1 Mauritanian ouguiya = 3.3474 Iraqi Dinar

1 Iraqi Dinar = 0.2987 Mauritanian ouguiya

Syrian Pound 1 Syrian Pound = 2.3107 Iraqi Dinar

1 Iraqi Dinar = 0.4328 Syrian Pounds

Somali Shilling 1 Somali Shilling = 2.0570 Iraqi Dinar

Somali Shillings

Omani Rials Omani Rial = 3,090,6281 Iraqi Dinars

1 Iraqi Dinars = RO 0.0003

Qatari Riyal 1 Qatari Riyal = 326.8333 Iraqi Dinars

1 IQD = 0.0031 QAR

– The Tunisian Dinar 1 Tunisian Dinar = 455.3630 Iraqi Dinar

Iraqi Dinar = 0.0022 Tunisian Dinars

– Yemeni Riyal 1 Yemeni Riyal = 4.7534 Iraqi Dinars

Iraqi Dinar = 0.2104 Yemeni Riyals

– Djibouti Franc 1 Djibouti Franc = 6.6835 Iraqi Dinars

1 Iraqi Dinar = 0.1496 Djibouti Franc

http://www.knoozmedia.com/352775/%D8…-%D8%A7%D9%84/

Dhi Qar produces six tons of honey annually

7/11/2018

News Network Nasiriyah:The Directorate of Agriculture Dhi Qar said today that the province’s production of natural honey from private beekeepers amounted to about six tons a year.

The assistant director of agriculture Dhi Qar Faraj Nahi told the news network Nasiriyah that the number of dead in the province of 112, including 869 bee hives, mostly in the cities of Suq al-Shuyukh and Shatrah al-Nasr, which annually produces 5850 kg of natural honey.

He explained that the Directorate of Agriculture and to support the production of honey organized an orientation seminar for all beekeepers aimed at directing them to interest cells and address the problems and obstacles in their work.

He pointed out that the Directorate will work in the coming months to implement a campaign to combat large pests and diseases that affect bees in all cities of the province.is over.

https://nasiriyah.org/ara/post/82414

Is the world about a war of currencies or war started ?!
7/11/2018

What was being put in narrow circles a few months ago is now a question that is expanding day after day. Is the world heading for a currency war? Or is the currency war already under way, and can the Sino-US trade conflict be a prelude to a massive economic downturn that drives both sides to take a qualitative step to win the battle by turning to currency war? And who is the biggest loser in that war if it breaks out?



Currency war is the password now in many economic corridors, and it is not a matter of examining the extent of its seriousness or economic impact, such topics have killed academic research, but that the international economy suffered catastrophic effects in some stages of development, and therefore humanity has painful experiences with That kind of war, and what is currently being seen, is limited to how the global economy can face the risks of that battle.

Can the bipolar leaders of the United States and China realize the fate of the international economy if they decide to go ahead with currency war, Which may mean that Khaya Is economic suicide the official choice?

Professor John White, former chairman of the Bank of England’s Advisory Committee, puts the question to the question: Does anyone have an interest in the value of the currency being high in the current global trade conflict? The question is answered by "no".

"It can not be said that the international economy is witnessing a war of currencies, but certainly the circumstances are more than ever prepared for that war," he says. "If you are pessimistic, I can say that we are moving in this direction.
"The big economies now have a strong currency, after the strong currency has been a sign of strong economy and improved performance, and the conviction now prevailing among many economic leaders and policymakers that a weak currency will boost economic growth gives the economy a preferential advantage On his trade rivals, the risk that if everyone joined to that conviction will be all losers. "

The US administration wants the dollar to be weak, the EU is also seeking a weak European currency, and Japan is not hiding its official policy to overcome deflation lies in weakening the yen, China wants the yuan More competitive to increase exports and reduce imports, and Britain is silent on the decline of sterling, which could contribute to increase exports at a time when the exit from the European Union many economic problems.

But what’s the problem with that? Answers d. David, the Bank of England economist, said: "There is no problem in devaluation per se if it is a result of changes in market forces, but the risk when it is deliberate or flawed is done deliberately."

He asserts to the "economic" that the US side was clear and frank in accusing China strongly and frankly, as well as Japan to a lesser degree, that they manipulate the value of their local currency, the yuan and yen to achieve preferential advantages at the expense of US exports.

He notes that US Treasury Secretary Stephen Manuchen welcomed the depreciation of the dollar while welcoming the best economic performance of the euro area in more than a decade. Not surprisingly, the euro against the dollar rose to more than $ 1.25. On the other hand, The European is very upset by the euro’s improved value, which hampers its efforts to overcome deflation and low inflation in the Eurozone countries.

"Under the circumstances, investors and hedge funds are very cautious and delay their investment decisions pending clouds, which means a drop in growth."

Concerns that a trade war could turn into a currency war are legitimate for many economists, but they believe that currency war has not yet officially broken out.

But some believe that the US economy may be better able to counter that war than others. Some even believe that Washington may have a real interest in moving the international economy toward a currency war to curb the Chinese yuan’s ambitions.


Concerns about China’s pricing of many international goods, mainly oil in yuan, concern the top White House economic officials, congressional leaders and US financial institutions. The dollar now accounts for about 85 percent of international trade transactions, and such a step could erode the currency’s centralization.

And some believe that Washington has an interest in weakening the Chinese yuan so much that it can not be priced for major commodities in international trade, and this will only happen through its defeat in a currency war, which China is seeking to avoid now .

Since 2016, there are notable Chinese steps to dismantle capital controls on the yuan, a prerequisite for making it an international currency. Although these steps contribute relatively to the promotion of international trade by promoting the use of the yuan beyond China’s economic borders, it is a future challenge for the dollar American.

"The Chinese central bank has pledged that it will not use the yuan as a means of a trade dispute with the United States, revealing China’s financial policymakers’ understanding that they will emerge losers from the battle of currency war," said Tina Brown, a banking expert. In that war, the Chinese yuan is in a vulnerable position, and Beijing will not have to repeat the experience of 2015 by injecting more cash reserves into the markets to maintain the value of its national currency from total collapse against the dollar.

This means huge erosion in its dollar reserves without a household It is to maintain the balance of the yuan. "
But if the United States can emerge victorious in that war, despite the losses, why not rush to ignite the currency war ?!

The current interplay in the global economy as a result of globalization largely hampers the ability of the United States to do so. Such a war will inevitably weaken the growth rates of the Chinese economy and weaken the import intensity of China from the United States. Means that the US economy is negatively affected by the decline of his opponent.

Investment expert Boris William said the United States would accept a relative devaluation of the yuan as a means of providing some support for the Chinese economy. But if Beijing’s financial authorities ignore US warnings that the yuan should not retreat from a certain level, the sensitive level is 6.7 yuan against the dollar The US strategy will change.

"The fear that the continued devaluation of the Chinese currency against the dollar will lead to a currency war is because each country will have a different reading of the reasons for this decline. While China will view it as a justifiable move, Given the conditions in the Chinese economy.

He explains that the other side, the administration of President Trump, will look at China’s position as a plan aimed at harming the US share of world trade. If the two sides engage in a currency war, the other economies will certainly suffer greatly.

He notes that a number of advanced industrial countries such as Japan, the European Central Bank and the Bank of England have used the logic of weakening their currency more money printing to encourage exports, so why deprive China of the practice?

https://www.albawaba.com/ar/%D8%A3%D8%B9%D9%85%D8%A7%D9%84/%D9%87%D9%84-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85-%D9%86%D8%AD%D9%88-%D8%AD%D8%B1%D8%A8-%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%A3%D9%85-%D8%A7%D9%84%D8%AD%D8%B1%D8%A8-%D8%A8%D8%AF%D8%A3%D8%AA-1157616

Expert: Iraq will reject an Iranian request to use local currencies instead of the dollar in trade
7/9/2018

KUWAIT, Iraq – Iraq’s approval of any Iranian request to exchange trade between the two countries in local currency instead of the US dollar has been ruled out by economic expert Majid al-Suri, noting that such an agreement would not be in Iraq’s favor.

Al-Suri said that Iraq can not apply trade with Iran in local currencies because the trade balance will be in favor of Iran and the majority of trade for its benefit. "

He added that "the implementation of this agreement will work to store the Iraqi currency within Iran, which is not in the interest of Iraq, pointing out that" such a decision is not only the competence of the Central Bank of Iraq,

but the power of the Government of the Ministry of Finance in consultation with the Central Bank of Iraq and do not expect the bank The Central Bank of Iraq on such a matter. "

"A number of countries, including India, Russia, China, Brazil and South Africa, are trying to reduce the dollar’s control over international trade and the trade war between China and the United States has resulted," he said.

The governor of the Central Bank of Iran and Crown Prince Ali Abdullah announced on Sunday the follow-up of the bank to conclude monetary agreements with Iraq, Russia and Azerbaijan to deal in national currencies.

http://www.knoozmedia.com/352568/%D8%AE%D8%A8%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%B3%D9%8A%D8%B1%D9%81%D8%B6-%D8%B7%D9%84%D8%A8%D8%A7%D9%8B-%D8%A5%D9%8A%D8%B1%D8%A7%D9%86%D9%8A%D8%A7%D9%8B-%D8%A8%D8%A7%D8%B3%D8%AA/

Conscious / dollar exchange rates in local trades today
7/10/2018

The local currencies of currencies, on Tuesday, the exchange rates of the Iraqi dinar against the US dollar, in the following order:

Price in Iraqi Dinars per 100 USD:

Bursa fight (Baghdad) ALkeafah the Exchange Stock Selling Price: 120,200 JOD The purchase price is 120,150 dinars

Harithiyah Exchange AL harthiy Stock Exchange The sale price is 120,250 dinars The purchase price is 120,200 dinars

Erbil Stock Exchange (North) Arbil the Exchange Stock The sale price is 120,450 dinars The purchase price is 120,400 dinars

Basra Stock Exchange (South) AL Basra Exchange The sale price is 120,450 dinars The purchase price is 120,400 dinars.

http://www.al-iraqnews.com/news/newwss/economic-news/230341-%D9%88%D8%A7%D8%B9-%D8%A7%D8%B3%D8%B9%D8%A7%D8%B1-%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%AA%D8%AF%D8%A7%D9%88%D9%84%D8%A7%D 8%AA-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%8A%D9%88%D9%85.html

International companies looking to be present in the Iraqi market

7/10/2018

Because it is a promising and influential regional and international
Baghdad / morning
represent the Iraqi market , the focus of great interest to the various international companies that monitor closely the economic reality of Iraq, where the global effort of opportunities just waiting to enter the broad field of employment in the country.

A member of the Baghdad Economic Forum Jassim Al-Aradi stressed that "Iraq is a promising and large job market in the region and the world, and all the regional companies of the world recognize the importance of Iraq on the international arena, and he began to exist on the field of work, in the field of privatization," noting "friction with the global effort continuously Made us point out the interest of those companies in Iraq
and its economy. "

He added that "the concerned parties have to do the reality of investment and create the appropriate environment for the arrival of large companies and create real competition between the Iraqi effort, where competition leads to the development of the reality of the qualitative implementation of the total domestic projects,

" pointing out that "the entry of service companies to the country, including taxi and work mechanisms Sophisticated will do transport services and transfer to a better stage, where the beneficiary goes to the company that offers the most suitable for the standard of living.

"Iraq is a long-standing country with its rich local heritage and strategic importance in the region," said Karim Sheikha, CEO and co-founder of Karim.
Their families. "

He continued , " we seek through our presence and our presence in the Iraqi market through investment and the introduction of solutions and services, so as to achieve our vision of making a quantum leap in the transport and contributing sector on the other hand in the reconstruction of Iraq to be able to return to the outdated former as one of the leading countries the
region. "

He added that the company "introduced new mobility solutions, but enhanced them with various payment options made easy for users such as cash payment, credit card, or using the company’s credit, and the adoption of the latest technologies and systems such as GPS, which ensures the accuracy of access to the user Track the track The selected time in the original time.

http://www.alsabaah.iq/ArticleShow.aspx?ID=159833

Amendment of the labor law is necessary to support industry and investment

7/9/2018

Abdul Aziz Al – Khudairi *
There is no doubt that unemployment is one of the biggest challenges of the Iraqi economy , it is a social problem, economic, and political experts differ in estimating the size of unemployment , which ranges between 3-4 million unemployed.

The crisis of water scarcity in the Tigris and Euphrates rivers will push hundreds of thousands of workers in the agricultural sector to migrate to the cities in order to live and find jobs for them.

The expectations are that the number of new unemployed will rise by at least one million unemployed who are expected to migrate to cities during this period. Year and next year which will increase the unemployment crisis in the country.

There is no doubt that the aim of the legislator of the labor law was to encourage and regulate the employment of Iraqi workers in industrial projects and investment in the private sector, which began to move with the clear and strong support of the state during the last year.

Most of the national industry in Iraq is based on the use of labor intensive and not designed or ready for high mechanization because most of these private industrial projects are not modern and limited production capacity required because the size of the market is still limited in the beginning.

One of the biggest drawbacks of the current Labor Law is the lack of flexibility to terminate the services of the worker without the approval of the Minister of Labor or after the establishment of special committees to investigate the reasons for ending the services of the worker, making the termination of the worker is almost impossible.

The lack of flexibility in the labor law for 2015 can not create a competitive atmosphere for workers in any productive institution, which leads to a clear reduction in productivity and competition among workers for the purpose of developing professional and technical expertise and increasing production capacity without which we can not build a national industry or successful investment in Iraq.

The determination of the industrial and the investor in the termination of worker services does not serve the correct productive environment and does not serve the interests of the workers in general and makes the employer reluctant to appoint large numbers of local workers because of the lack of flexibility to terminate the worker’s services.

The current routine and the current instructions to end the services of the secured worker are a clear obstruction of industry and investment.

A number of industrialists have appeared reluctant to hire workers because they do not want to get involved or get into the complexities of ending the inefficient or seasonal worker services in some seasonal projects such as juices, Is not efficient with a good worker or has more experience than the old factor,

where this competitive element between the good and the bad worker is eliminated if the worker understands that it is not easy to replace by another factor and thus disappear competitive spirit in the work, and without a clear competition in the work can not We are building a successful national industry.

Iraq urgently needs to encourage the industrial sector and foreign investors to create jobs in order to reduce the high unemployment crisis. Any foreign or Iraqi investor will hesitate very much after looking at the current labor law and instructions, especially the lack of flexibility to end the services. The worker should request this.


That Iraq is a country in dire need to fight unemployment clearly and that any obstruction of employment is not in the interest of the economy or unemployed worker.

We call on the Ministry of Labor and Social Affairs to reconsider to find high flexibility in ending the services of the private sector worker and reviewing the labor law In the clause on termination of worker services.
* International economist

http://www.alsabaah.iq/ArticleShow.aspx?ID=159741

The government is seeking to form a higher economic council and link it to the cabinet
7/7/2018

The Iraqi government is seeking to form a higher economic council and link it to the cabinet, an official newspaper reported on Saturday, noting that the move would contribute to increasing per capita income, stabilizing prices and emphasizing the equitable distribution of income.

"The government is seeking to form a higher economic council and link it to the Council of Ministers to work on increasing per capita income, stabilizing prices and providing productive employment opportunities," Al-Sabah newspaper reported in its news today.

The council will also "employ and employ human resources while controlling the public debt and placing it within secure limits."

The council also stressed the fair distribution of income and opportunities to diversify the economic base and increase the sources of public revenues.

"Such a council needs to legislate a law that regulates its work, and the private sector should participate in writing this law, specifying the objectives and specifications of the people who will work in it, and therefore there will be supervision, calculation and auditing to work to be submitted during the period," the newspaper quoted the deputy chairman of the Iraqi Economists Association as Jamil Antoine as saying.

A period prior to its establishment to be discussed and above all to be employees of the Council of nationalists and owners of experience and efficiency in their work, whether in the market or in the State and recognized for integrity.

Antoine added that "the budget of the Council must be allocated from the budget and be simple, along with the allocation of a small building of 10 to 12 employees of government departments and the private sector are tasked with the progress of proposals and the implementation of the work and the provision of allocations to spend the budget at the beginning of the year to serve the matters of this Council" .

http://www.knoozmedia.com/352280/%D8…D9%84%D9%89-2/

Iraq is ranked 37th in the world’s largest reserves of gold Baltmoz
7/7/2018

Iraq was ranked 37th in the world’s gold reserves this July, the World Gold Council said on Saturday.


"The world’s reserves of gold fell for the month of July by 79 tons from the month of June to reach 33 thousand and 734 tons," the Council said in a statistic published on its website and viewed by "Iraq News", noting that "the United States of America ranked first in the world of With reserves of 8.133.5 tons, followed by Germany with 3.371 tons.


The council added that "Iraq ranked 37th in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, and the fifth place in the Arab world, which came after Saudi Arabia, Lebanon, Algeria and Libya."


The Council said that "Iraq’s reserves of gold remained stable, recording 89.8 tons, representing 7.7% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons."

http://aynaliraqnews.com/index.php?aa=news&id22=101229

Abadi adviser: So we will deal with surplus funds from the budget of 2018
7/7/2018

The financial adviser to the Prime Minister of the appearance of Mohammed Saleh, Saturday, the possibility of filling the deficit in the budget of 2017 operational, while noting that the surplus budget will be to balance next year.


Saleh said for "Iraq’s News", "The increase in oil prices in global markets will work to fill the planned deficit within the 2017 operational budget."


Saleh said "a surplus in the budget will be the balance of 2019."


The budget is about 104 trillion dinars with expected revenues of 91.6 trillion dinars and a deficit of about 12 trillion dinars.

http://aynaliraqnews.com/index.php?aa=news&id22=101238