USDIQD - U.S. Dollar/Iraq Dinars Forex Price - Barchart.com
USDIQD - U.S. Dollar/Iraq Dinars Forex Price - Barchart.com
IQDUSD - Iraqi Dinar/U.S. Dollar Forex Price - Barchart.com
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[Expansion] Fixing the Khaleeji
February 2030 The rollout of the GCC currency union has been planned for almost three decades, dating back to 2001 when the Supreme Council of the GCC set the goal of creating a common currency by 2010. It has been a saga of seemingly infinite delays, with deadlines coming and going, pushed back due to debates over what shape the union should take and how its governance should function. Most recently, Saudi Arabia pushed the idea of reviving the single currency in 2020, but this initiative died when the country broke into civil war in 2023. It lingered in limbo until 2026 when the UAE convinced the GCC to move ahead with the implementation of the single currency, to be called the Khaleeji, by 2027. When the Arab Oil Embargo against China started in 2027, everyone with half a brain thought that this would lead to another delay of the Khaleeji project. Surely the people in charge of implementing the new currency would not be stupid enough to try to roll out the new currency in the middle of a geopolitical economic crisis? This did not turn out to be the case. For some reason (we’ll chalk it up to incompetency, but who the hell really knows?), the Gulf States decided to push ahead with the implementation of the Khaleeji later that year. It went about as well as expected--which is to say, not at all. The Arab Gulf States immediately found themselves eating through foreign currency reserves trying to prop up the 1.00:3.00 Khaleeji:USD exchange rate (which was selected since it is around the current pegged exchange rate between several Gulf currencies and the USD-- the Bahraini Dinar trades at 1.00:2.65, the Kuwaiti Dinar trades at 1.00:3.27, and the Omani Rial trades at 1.00:2.60). Though the oil embargo was lifted at the end of 2028, confidence in the new currency is somewhat shaky, making the 1:3 exchange rate difficult to maintain. Still, not everything is bad for the new currency: with Bahrain mostly stabilized and set to join the currency union later this year, and Saudi Arabia on its way there, the Khaleeji should soon have two new adherents, boosting the power of the currency. In order to ease some of these concerns and reverse FOREX outflows, the Central Bank in Dubai has elected to devalue the Khaleeji by about 6 percent, dropping its exchange rate to 1.00:2.80. This is expected to improve the health of the currency, which should translate into better economic performance. It’ll also have the unintended consequence of making exports from within the currency union relatively cheaper on the international market, boosting exports a little (except for oil and natural gas exports, which are traded in USD). Between these two policies, the Khaleeji should be stabilized, barring any sort of unfortunate shake ups in the global markets in the near future. The Benefits of the Khaleeji Perhaps the most immediately apparent benefit of the Khaleeji for the Arab Gulf States is how it has made trade between the GCC member states significantly easier. Previously, firms doing business in multiple member states had to account for the different currencies of each. Even though all of the currencies were pegged to the USD, this still posed a significant administrative burden which has now been wiped away, reducing the cost of doing business in the GCC and making it a more attractive market for international investment. An unexpected, but nevertheless significant, benefit of the Khaleeji has been the expansion of tourism in the GCC. Now that there is no need to exchange currencies, tourists have found it increasingly viable to land in one member state, travel to another (using the vastly improved infrastructure between the states, including the Gulf Railway high speed passenger rail), and then leave from that state, spreading out their spending and increasing the attractiveness of the GCC as a whole as a tourist destination. Qatar has emerged as a big winner of this. Previously, Qatar and the UAE were locked in a sort of arms race competing for tourism revenues--a war that Dubai, as the most popular tourist destination in the world, was clearly winning. With the implementation of the Khaleeji making it easier than ever to move from one country in the GCC to the other, Doha can now cast itself as an addition to Dubai rather than a direct competitor. Tourism agencies in Doha are already looking to recast the city as the “middle stop” of a larger tour route between Dubai, Abu Dhabi, Doha, and Manama, looking to attract tourists already heading to Dubai to Doha for at least part of their trip. Qatar is also emerging as a popular destination for foreign direct investment looking to capture part of the rapidly growing GCC market, since Qatar has been one of the more stable GCC member states over the past decade. Currency Details
Get live updates on the USD/IQD (US Dollar to Iraqi Dinar) rate with all major currency pairs and future charts. Read the latest USD/IQD forex news and analysis provided by the FX Pricing. Convert 1 Iraqi Dinar to US Dollar. Get live exchange rates, historical rates & charts for IQD to USD with XE's free currency calculator. Free USD/INR pair information including USDINR Live Rate, News, and Analysis. News & Analysis at your fingertips. Install . We use a range of cookies to give you the best possible browsing ... Iraqi Dinar/U.S. Dollar forex price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. Home » Videos » Iraqi News Updates USD/IQD Exchange Rate IQD on Forex Chart. Iraqi News Updates USD/IQD Exchange Rate IQD on Forex Chart. June 3, 2020. in USA, Videos. Share Tweet Share Send Share. Related Posts. USA. Global Reset, Silver & Gold. September 19, 2020. USA. BRENNAN’S TV FREAKOUT/AG BARR CALLS BARRY LAWLESS/DEMS TRY TO STOP DURHAM BEFORE ELECTION/1776 TRUTH. September 19, 2020 ... Technical analysts will want check out the technical indicators and studies under the options menu. View the reciprocal forex rates chart (Iraqi Dinar - IQD / US Dollar - USD) by tapping the link near the symbol (USDIQD). You can customize the forex quotes table below to display your favourite currency pairs. Just choose "manage favourites" in ... U.S. Dollar/Iraq Dinars forex price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions.
The open market forex rates include buying and selling prices of world’s leading currencies including USD, Euro, Pound, Riyal, Dinar, Rupee, etc. in the world market. Interbank exchange rates of ... euro to dollar euro tl euro to usd euro to pound dollar to euro usd to eur euro to pkr euro dollar 1 euro euro to rand euro rate euro exchange rate euro to cad euro to aud euro to rupee 1 euro to ... #currency #dinar #RV #GCR #news #breaking #breakingnews #IQD #Iraq #revalue #alert #cbi #recaps #reset #revaluation #vnd #rupiah #zim #zimbabwe #rial #vietnam #vietnamese #dong #exchange #forex # ... The Iraqi Dinar USD / IQD Foreign currency Charts floats between 1182 and 1190. What makes it go up and down?. See the details below: BE SURE TO PURCHASE CURRENT CURRENCY FOR INVESTMENTS Purchase ... currency exchange,usd to pkr,dollar rate,us currency exchange,us currency exchange rates,us dollar exchange rates,usd to inr,today dollar rate,us dollar exchange rate,us dollar exchange rates ... Iraqi Dinar news for March 5th, 2020 As Iraq struggles to move forward w/ its existing system and seat a government, which has failed over and over, some alternative options are coming forward of ...