Economic: The Rise of the Iraqi Dinar in the Saudi market

Economic: The Rise of the Iraqi Dinar in the Saudi market
February 25, 2010 · Posted in NEWS
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Economic: the rise of the Iraqi dinar in the Saudi market

????? ? ???????? : Baghdad agencies:
????? ??? ??? ??????? ??????? ???? ?????? ?? ????? ??????? ????? 11 % ??? ???????? 2-2-2005 ??????? ?????? ???? ??? ??? ??? ?????? ???????? ???? ??????? ???????? ??? ?????????? ???????? ???? ??? ??? ????? ??????. The exchange rate of the Iraqi dinar against the riyal in the Saudi market by 11% Wednesday 2/2/2005 a reflection of the improvement in the price of the Iraqi currency against the dollar after the Iraqi elections that took place last Sunday.

???? ??????? ????? ??????? ??????? ?? ?????? ??? ??? ????? ?????????? ??? ?????? ??? ??? ??????? ????? ????? ??? 3000 ???? (??????? ????? 3.75 ????)? ????? 2700 ???? ??????? ????? ????? ??????? ??????. The cautious optimism to the future situation in Iraq in light of the election results to the high exchange rate of one million Iraqi dinars to 3000 rials (equivalent to 3.75 to the dollar), compared to 2700 million riyals for the end of last week.

????? ????? “????? ??????” ???????? ????? ?? ??? ???????? ??? ????????? ???? ?????? ???? ???? ??? ???? ?????? ???? ?????? ?????? ????????, ????? ??? ???? ????? ??? ??????? ?? ?????? ???? ?? ???? ?????? ???? ?????? ??? ???? ???? ???? ????? ????. The newspaper “Middle East” London said today that a rise speculators are facing difficult choices because of uncertainty about the future of the Iraqi currency, adding to fears that the dinar was released without any legal justification and without reference to the formal financial system validated.

??? ?????, ??? ?????? ????????? ??????? ????? ?????? ?? ??????? ???????? ?? ?????? ?? ????? ?? ??????? ??????? ?????? ?? ?? ??? ?? ???????, ????? ?????? ?? ?????? ?? ?????? ???????? ????? ??? ?? ?????? ??????? ?? ????? ?????? ???? ???????? ?? ???? ???? ?????? ???? ?? ?? ???????? ???????? ????? ???? ??????? ???? ???? ??????. For his part, an economic analyst, Dr. Yassin Al-Jeffery said the Iraqi government will not be able to disassociate itself from the new Iraqi dinar in any case, expect more of the rise in the coming period, stressing that the current period are not considered appropriate for the sale of the dinar, but the access to buy special all the indicators currently available promising a better future for the currency.

?? ????? ????, ??? ???? ???? ?????????? ??????? ?? ????? ?????? ??????? ????? ???? ????? ????????? ????? ????? ??????? ?? ???????? ??? ??????? ???? ?? ?? ?????? ?? ???? ?????? ?????? ??????? ???? ??????? ???? ??? ?? ???? ???? ??????? ???? ????????. On the other hand, the Bakheet Financial Advisors that the current price of the dinar is a golden opportunity for speculators who froze their money in speculation in the dinar to sell in the possession of Iraqi currency high price for a profit, particularly as it can not ensure the continuation of the wave height.

???? ???? ???? ??? ??????? ?????? ???????? ?? ??? ???????? ??? ????? ??? ????? ????? ?????? ??? 70 % ???? ????? ?? ??????? ???????? ????????? ????????? ??????? ??????? ?? ?????? ??????? ???????. He estimated the size of the BFA Iraqi currency trading in the Saudi market by nearly a half billion dinars a day, and 70% of them concentrated in regions of Saudi Arabia, North, North East, close to Iraq, Jordan and Kuwait.

????? ?? ???? ?????????? ???????? ????? ?? ??? ???? ??? ??? ??? ??????? ????? ?? ???????? ??? ??????? ???????? ??????? ??? ??? ????? ??? ??? ??? ?? ?? ?????? ?????? ??????? ?????? ???????? ??? ????. The success of Iraqi elections will have a profound impact on the dinar exchange rate is stable at the current high rates, at least, but if there is not a coveted Vsttrdy Iraqi currency again.

???? ??? ?? ??????? ??????? ?????? ???? ?? ?????? ????? ???? ?????? ?????? ?????? ??? ?????? ???? ???? ?? ????? ??????? ??? “????? ?????”? ???? ??? ???? ??? “????? ????” ??? ?????? ???? ?????. It is noteworthy that the new Iraqi dinar, which was released during the period of the civil administrator of Iraq Paul Bremer, called on the black market the name “Bremer dinar”, as he called the “Saddam dinar” currency that preceded it.

???? ?? ??? ??????? ???????? ??????? ?? ??? ????? ???????? ?? ????? ?????? ?? ??? 2003? ???? ??? ??????? ????? ????? ???? ???? ???? ???? ????? ?? ???? ???? ?????? ??????? ??? ???? ?????? ??????? ?? ??????. He began dealing in Iraqi dinar exchange market in Saudi Arabia in the last quarter of 2003, and the price of one million dinars, equivalent to five thousand riyals, but quickly deteriorated after the Saudi riyal to the deteriorating security situation in Iraq.