Thread: dinar fixed rate

CBI adopts fixed ID exchange rate


Baghdad (NINA)- The Central Bank of Iraq CBI has announced adopting the exchange rate of Iraqi Dinar against the US Dollar, settled on last Thursday’s auction until March 19. A CBI statement said Saturday that the measure came within the previously adopted measures, aiming at boosting Iraqi Dinar

A FIXED RATE DEFENITION
A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currency's value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. As the reference value rises and falls, so does the currency pegged to it. A currency that uses a fixed exchange rate is known as a fixed currency. The opposite of a fixed exchange rate is a floating exchange rate.

Revaluation means a rise of a price of goods or products. This term is specially used as revaluation of a currency, where it means a rise of currency to the relation with a foreign currency in a fixed exchange rate. In floating exchange rate correct term would be appreciation. The antonyme of revaluation is devaluation

Originally Posted by buddy54

CBI adopts fixed ID exchange rate


Baghdad (NINA)- The Central Bank of Iraq CBI has announced adopting the exchange rate of Iraqi Dinar against the US Dollar, settled on last Thursday’s auction until March 19. A CBI statement said Saturday that the measure came within the previously adopted measures, aiming at boosting Iraqi Dinar

A FIXED RATE DEFENITION
A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currency's value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. As the reference value rises and falls, so does the currency pegged to it. A currency that uses a fixed exchange rate is known as a fixed currency. The opposite of a fixed exchange rate is a floating exchange rate.

Revaluation means a rise of a price of goods or products. This term is specially used as revaluation of a currency, where it means a rise of currency to the relation with a foreign currency in a fixed exchange rate. In floating exchange rate correct term would be appreciation. The antonyme of revaluation is devaluation

So on the 20th would anyone guess that 1277 will boost to 1.28? Just asking.

Originally Posted by buddy54

CBI adopts fixed ID exchange rate


Baghdad (NINA)- The Central Bank of Iraq CBI has announced adopting the exchange rate of Iraqi Dinar against the US Dollar, settled on last Thursday’s auction until March 19. A CBI statement said Saturday that the measure came within the previously adopted measures, aiming at boosting Iraqi Dinar

A FIXED RATE DEFENITION
A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currency's value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. As the reference value rises and falls, so does the currency pegged to it. A currency that uses a fixed exchange rate is known as a fixed currency. The opposite of a fixed exchange rate is a floating exchange rate.

Revaluation means a rise of a price of goods or products. This term is specially used as revaluation of a currency, where it means a rise of currency to the relation with a foreign currency in a fixed exchange rate. In floating exchange rate correct term would be appreciation. The antonyme of revaluation is devaluation

Do you have a link to the article?

ok neno, heres my comment. i think you will notice in the regular news thread that ive been pondering the fact that right at this very moment fixing the price at the cbi indicates a 'peg'. weve not to see it increase in value!!!

Originally Posted by shotgunsusie

ok neno, heres my comment. i think you will notice in the regular news thread that ive been pondering the fact that right at this very moment fixing the price at the cbi indicates a 'peg'. weve not to see it increase in value!!!

So then, would you agree with that something is fixen to boost? Shortly?

This goes to explaining why they aren't changing the rate at auctions for this week. Make ya kinda wonder if indeed now is the time. I beleive this is the first time they have openly said what they were doing. When they started raising the rate last Oct. they just did with no comments.

Where did this come from? And in plain English, what does it mean? Need help here please!

Originally Posted by lndmn_01

Do you have a link to the article?

I got the information from dinartrade website

Originally Posted by readytogo

Where did this come from? And in plain English, what does it mean? Need help here please!

Yes it is a News site that Iraq dinars Dinar Trade postes on their website from. Here it is: National Iraqi News Agency

I can not find this Article there. But there is alot of info there.