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07.10.26 - 21:18
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Devisen: Euro verringert Minus (DPA-AFX)
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NEW YORK (dpa-AFX) - Der Eurokurs hat am Mittwoch im US-Handel seinen Rückstand aus dem europäischen Geschäft etwas verringert. Zuletzt kostete ein Euro 1,1199 US-Dollar. Die Europäische Zentralbank hatte den Referenzkurs auf 1,1177 (Dienstag: 1,1269) ......
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07.10.26 - 17:39
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After Iran′s Rial, Hormuz Claims Its Second Currency: Iraq Devalues Dinar 13% To Keep Paying Salaries (ZeroHedge)
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After Iran's Rial, Hormuz Claims Its Second Currency: Iraq Devalues Dinar 13% To Keep Paying Salaries
Last weekend, we noted that the clearest scorecard of the US economic war on Iran is the rial, which cratered to a record 2.7 million per dollar (the slide that we first flagged in "Iran's Deadline Expires Today"... Rial Collapses, and which has only accelerated since). Turns out Tehran has company.
On Wednesday, Iraq devalued its currency by 13%, with the central bank raising the dollar-selling price for the public to 1,520 dinars from roughly 1,320. Per Reuters, the cabinet adopted the new structure on Tuesday, effective Wednesday: the Finance Ministry now sells its oil dollars to the CBI at 1,500, banks get them at 1,510 and the public pays 1,520.
That makes Iraq, as Bloomberg notes, the first Gulf Arab state to devalue since the US-Israel war on Iran began in late February. It probably won't be the last thing in the region to break, but it is the first currency peg to do so, w...
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