Archives des money - Ecomnews Med

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- #ISRAEL
- #Money
- #War
Israel: Despite the war, the shekel outperformed in 2024, a sign of the resilience of the Israeli economy, and 2025 is expected to see strong growth.

A strong recovery is expected in 2025, with the government forecasting growth of 4.6%. The Bank of Israel (BOI) has kept its key interest rate unchanged at 4.5% since January 2024, making Israeli financial assets attractive to investors and helping to contain inflation, strengthening confidence in the local currency.

Friday 28 March 2025
- #IRAK
- #Economy
- #Money
Iraq: What is the situation of the Iraqi Dinar? Its exchange rate against the dollar? What is the rather complex mechanism put in place? Explanations

The Iraqi monetary system is based on a fixed exchange rate (currency peg) between the Iraqi dinar (IQD) and the US dollar (USD) – since the revaluation of February 8, 1 USD is worth 1,300 IQD. For the record, the dinar had been devalued in December 2020 to 1USD = 1460 IQD, against 1182 previously. The Iraqi Central Bank (BCi) obtains dollars from its account hosted by the Federal Reserve of New York, with the agreement of the latter – the revenue in dollars from Iraqi oil exports being paid into this account.

Tuesday 28 February 2023