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 Dinar prices

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PostSubject: Dinar prices   Tue Jul 19, 2016 7:48 pm

Not sure why some people are saying the dinar is not trading.  But on April 20, 2016, this is the trade.

IQDUSD    open @ 0.0009
                close @ 0.0847

As I said in a earlier post, this happened, guess the whales and ptb were the only ones to exchange.
So much for a micro spike. 
Check it out, yahoo finance, type in iqdusd and look at the chart.
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PostSubject: Re: Dinar prices   Tue Jul 19, 2016 8:24 pm

I have seen the chart before, it means nothing. You are looking at exchange charts, not trading charts. If you look at an actual trade site you'll see something like this.

The reality however is that no one is trading dinar on any of the FOREX sites I am aware of. The IQD rate is fixed and tightly controlled by the CBI. Traders are speculating on the increase and decrease in value of currencies relative to other currencies. As long as the IQD is pegged to the USD, they have no interest in trading it, and the charts are meaningless. No one made dime one on that.

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PostSubject: Re: Dinar prices   Tue Aug 23, 2016 7:12 am

1 Saudi Riyal equals
[size=40]0.27 US Dollar[/size]

SAR per 1 USD

22 Aug 2016 11:10 UTC - 23 Aug 2

Sau’di Riyal (Currency code: SAR)

  • Central bank: Saudi Arabian Monetary Agency

  • Since 1986, the riyal has been pegged at 3.75 SAR to one USD.

  • The riyal rose to 3.70, an exceptional 20-year high, in late 2007, when the U.S. Federal Reserve cut interest rates and Saudi Arabia chose not to follow suit.

  • Petroleum and petroleum products, at 90% of Saudi exports, are the main source of government revenues. The government is trying to diversify its economy away from oil.

Symbols and Names

  • Symbols: ر.س (Arabic), SR (Latin)
  • Nicknames: none

ISO 4217 Code
Central Bank
Saudi Arabian Monetary Agency
Currency Subunits

  • Halala = 1/100 of a Riyalhttps://www.oanda.com/currency/iso-currency-codes/SAR


  • Bills: 1, 5, 10, 50, 100, 500 riyal
  • Coins: 5, 10, 25, 50, 100 halala

Countries Using This Currency

  • Saudi Arabia

Currencies Pegged To SAR :
SAR Is Pegged To:

  • United States Dollar = 3.75 SR

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PostSubject: Re: Dinar prices   Tue Aug 23, 2016 8:14 am

"Pegged" doesn't mean that it doesn't fluctuate.  That's a misconception I had when I first became familiar with the term.  I asked currency expert John Jagerson about this and he told me that the only truly pegged currency is the euro, in that all of the nations represented have their economies and money supplies monitored and managed electronically to maintain equilibrium.  The dinar and the riyal are pegged in that the central bank has decreed what the ratio is to the dollar or the euro or a basket of currencies, and they manage the money supply to maintain that ratio.

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