Iraqi Dinar Hits New High
June 5, 2007, 11:54 am |
 |
 |
 |
 |
|
|
By Andrew L. Jaffee
The Iraqi dinar hit near a new high today, trading at 1260 to the US dollar or $793.65 per million dinars. Note that the dinar has increased in value from 1470/US dollar, when I started tracking it on 10/9/05 — about a 17% increase. Here’s a chart I put together, which includes today’s dinar value:
With all the bad news, why is the dinar going up? What are the currency markets telling us? Could it be that traders see Bush’s troops surge in and around Baghdad as destined to succeed? There are signs of growing dissatisfaction among Iraq’s Sunnis with the mostly-Sunni al-Qaeda. Some of Baghdad’s Sunnis have started fighting against al-Qaeda terrorists. While these Sunnis insist on doing so without U.S. help, others in Anbar province have allied themselves with American forces and the Iraqi army.
Whatever the reason for the dinar’s rise, I learned long ago to take into account economic indicators when evaluating political and societal conditions.
Related: Iraq, Economy
April 17th, 2008 at 4:40 pm
[…] of the dinar Posted on April 17, 2008, 8:39 pmby admin best video: value of the dinarMinister Farrakhan Teaches About The Value of Women. Lecture Entitled: "The Light That Produces5 ton gvwgerard a 2e geigerhow did distilled water get its nameThe most popular links about value of the dinar (by google opininon):Gulf states consider ditching dollar valuations - Arizona RepublicKuwait&39seasily and safely from dinartrade.com. All dinar orders are … the reign of Saddam Hussein and the value of the dinar depreciated as a result. …http://www.dinartrade.com/dinar.htmBBC NEWS Middle East Iraqi dinarJordan will struggle for water this summer - Jerusalem PostMoreover, the high value of the dinar has also attracted Arab expatriates, with figures from the Ministry of Interior showing that an- Business Intelligence Middle East press releaseKuwait&39s central bank Thursday raised the value of the dinar by 0.78% against the flagging dollar after the US currency hit a new record low against theraises dinar 0.56 pct against the dollarKuwait’s Central Bank Wednesday raised the value of the dinar by 0.56 percent against the waning US currency which dropped to a record low against theraises dinar value Finance and Economy… has today, Wednesday, raised the value of the dinar by 0.56% against the U.S. … at 0.276 dinars, is now worth 0.27445 dinars, the highest value ofvalue increases against euro - B92BELGRADE — the value of the dinar against the euro has increased by 1.8 percent in the last eight days. According to today??sof dinar raised by 0.78 percent against the dollarKuwait&aposs central bank Thursday raised the value of the dinar by 0.78 percent against the dollar after the US currency hit a new record low against the euro.According to AFP , the …http://www.menareport.com/en/business/223635New Iraqi Dinar Buy Iraqi DinarBuy Iraqi dinar NID New Iraqi Currency Online Through US Trade! 100% Guaranteed!http://www.iraqi-dinar.com/ […]