Dinar Daily NEWS Blog – Feb. 26th

Decline in the dollar exchange rate against the Iraqi dinar

Economy News / Baghdad … Recorded foreign currency markets in Iraq, on Sunday, a decline of the dollar exchange rate against the Iraqi dinar.

And record the market price at the Stock Exchange in Baghdad struggle at 126.5 dinars to the dollar, ie, 126 thousand and 500 dinars for one hundred dollars.

The buying and selling of the dollar in the prices of banking companies were:

The sale price of the dollar to 125.5 dinars, ie 125 thousand, and 500 dinars for one hundred dollars.

The purchase price of the dollar to 125.5 dinars, 125 thousand and 500 dinars for one hundred dollars.

Read More: http://www.dinarupdates.com/showthread.php?46892-Decline-in-the-dollar-exchange-rate-against-the-Iraqi-dinar-2-26

Would you invest in Iraq?

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Loop (Dinar Guru) –   Article quotes:   “Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars to the dollar instead of 1200.” “But the move was postponed to a later date due to the exit of some Iraqi areas under government control after the occupation of «Daesh» her. Then the military operations began to recover these areas which still exist. The government is expected to return to the project itself after the end of military operations.”   “The price of the Iraqi dinar former (US $ 3.2) was exaggerated and will continue to be overrated if has to return to it in the future. It will make imports cheaper, but it hinders improvement of production and export capacity of Iraq, may be the price of 1.2 dinars to the dollar or dinar against the dollar is a good price.”  So this economist is saying that while 3.2 dollars per dinar (Old rate) would make imports much cheaper it would cause exports to be expensive.   [post 1 of 2….stay tuned]

Read More: http://www.dinarupdates.com/observer/

British Ambassador: are sure of the ability of Iraqi forces to liberate the entire territory

BAGHDAD / Shaima Rashid – New British ambassador to Iraq , Frank Baker, his country ‘s full support for the Iraqi government in its war against “Daesh” terrorist gangs, praising at the same time on the role of Prime Minister Haider al – Abadi and security forces in this aspect.

As stressed the importance of restoring the country to its natural status and its position regionally and internationally, he explained that it would take action on the political and economic levels in parallel.

A tribute to the ability of Iraqi forces, said Baker in the interview with the “morning” dialogue, ” The efforts made by the different forms on the ground of the Iraqi security forces, have had great merit in the liberation of areas of the gangs” Daesh “terrorist, and that the role of the international coalition (which was applied from the Iraqi government) was limited to air support and train Iraqi forces. ”

“The United Kingdom has always believed in the ability of Iraqi security forces to liberate all the territories that were under the influence of the terror Daesh, which is today (UK) also believes in the possibility and the valor of those forces to complete editing the rest of Mosul , ” noting that ” the idea the most important in edit areas not eliminate terrorism in all, but to preserve the lives of civilians .. and here it was the Iraqi government and its president , Haydar al – Abadi clear and significant role by emphasizing repeatedly to protect the lives of civilians and spare them the horrors of war. ”

Unite efforts

at the level of the tasks and priorities for the post – eradication of «Daesh», the British ambassador «that this phase will be a special administration Iraqis alone, it is imperative to eliminate all the consequences left by the terrorist organization, which has been overshadowed by the more than one side .. and here is the need to work in earnest on investment awareness and patriotism and harmony among the Iraqi society, can get the best results. »

He said «as well as progress .. Van politically and economically to work and re – position the country to normal regionally and internationally, and fix bugs points perpetuation of dialogue and understanding between all the components of the language, that will address many of the relics left by the extremist organization», adding that «Iraq has a history fantastic .. and for many years was a source of strength in the region and there is no reason why the return of Iraqis to what they were if they unite with each other ».

He noted that the “post – elimination of Daesh could see security breaches and attempted terror, destabilization in some regions of the country, but the uniformity of Iraqis with some of them will exceed that stage, especially the Iraqis, and by virtue of the survival of some of them under the control of Daesh for more than two and a half, they experience and they have a reaction about the re – organization of the terrorist. ”

“In the post – Daesh, we will sit down with the Iraqis to determine the position of the international coalition and the United Kingdom to study cooperation and work closely on the long – term with Iraq , ” adding that ” the UK will be supportive of Iraq if requested by the Iraqi government as the vision of the United Kingdom to Iraq different from other countries, she stood next to him in his war with Daesh not to control Iraq or to control it .. but because Iraq is worth it. ”

Provide support

and on the Kingdom ‘s support for the Iraqi government, Baker pointed out that « the volume level of the bilateral relations between the two countries beyond the political, economic and security frameworks .. and beyond that to the rest of the aspects and at the international level, in the economic side , not only to support the Kingdom to provide aid to the Iraqi government, but provided many in urging the international community to participate in further cooperation with Iraq and the holding of conferences and to provide grants and loans, as the British government has provided loans to the Iraqi government to help them overcome the economic crisis. »

He continued , “as well as the economic side, helped the UK on the side of education, as the British Council has been working closely with the Ministries of Education and Higher Education Aerakitin to provide courses for the languages English, and also supported the health system by helping British companies in the rehabilitation and development of the Iraqi hospitals managed true .. as well as providing fellowships for Iraqi doctors in Britain ‘s cities, as well as in side effects, which have been trained Iraqi scientists on how to maintain the effects of the sites that were destroyed by the “Daesh” terrorist gangs “.

Reconstruction

With regard to the reconstruction of liberated areas, the British ambassador said that his «his country would be willing to set up a conference to support Iraq ‘s reconstruction and provide assistance and support».

He »We will be more than happy to take care of such conferences and call her, but it is best to set up such forums on the land of Iraq after the end of Daesh and stabilize the situation to restore power to Iraq, but it touches the international community effects of victory and the ability of the Iraqis to make a new future into their own hands».

And “The ideal way to rebuild a liberated cities come through the support of the private sector to be Sanda Iraqi economy .. and involvement in building infrastructure properly and decent,” adding that ” the main idea is not in the advent of the international community to rebuild Iraq ‘s cities .. because Iraq It possesses the competencies and capabilities and sincerity enough .. but that Iraq needed to get international loans and conferences that help to attract companies to rebuild what has been destroyed. ”

” The Prime Minister Haider al – Abadi was able to lead the country well, and approve the budget correctly and was able to fight the terrorist organizations and taking them out of the cities it has occupied.”

Baker referred to the fight against corruption, and provide the perpetrators with the judiciary, saying: “Corruption is not less dangerous than terrorism, which is a big problem in Iraq, so it must be dealt with to derail corrupt political system, and the government has to make sure that these people will be brought to justice,” He is stressing “that the Iraqi government can deal with the issue of corruption and eliminate it.”

With regard to facilitating the entry of Iraqis into the United Kingdom, the ambassador said that “Britain from countries that welcome the presence of Iraqis on its soil, and the evidence is the existence of many Iraqi cities in Britain to work, study and tourism.”

He noted that “entry into the United Kingdom has become easier access to the United States after the arrival of US President Donald Trump, noting that” many of the staff working at the British Embassy in Iraq, whether Iraqi or British, have difficulty in getting a visa to America because of their work in Iraq. ”

Read More: http://www.dinarupdates.com/showthread.php?46888-Frank-Baker-are-sure-of-the-ability-of-Iraqi-forces-to-liberate-the-entire-territory

Iraqi Dinar/Dollar auction 02-26-17 (most recent listing)

Currency Auctions Announcement No. 3389

This daily currency auction was held in the Central Bank of Iraq on the 02-26-2017

The results were as follows:

DETAILS NOTES
Number of banks 35
Number of remittance companies 13
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 161,208,284
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 161,208,284
Total offers for selling (US$) —–

More: http://dinarupdates.com/observer/

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Loop (Dinar Guru) –   His opinion is that .83333 cents to the dollar would be more managable.  [So the exchange rate would be 1/.83 = $1.20.  1 divided by .83…In USD]   This is where they feel they can defend (support) the rate based on their current economic capacity. This will increase over time has they economy grows.  Remember that this is one persons opinion. What is so very encouraging is that this really shows that the expectation is a marked increase in value, which is very positive for this investment.  Mr White made an excellent point…about them not having much to export, other than oil that is. The price of oil is fixed in the world markets and is traded in petro dollars so oil would not be effected by the increased dinar value. For the rest the GOI can always do what we do in the USA. What I am referring to is subsidizing the exports to bring the price down. This ensures that industries flourish while keeping the costs of exports low.  [post 2 of 2]

Read More: http://www.dinarupdates.com/observer/

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Maliki threatens to destabilize Iraq if elections postponed

Nouri al-Maliki

State of Law Coalition leader Nouri al-Maliki has threatened to destabilize Iraq and put the country in front of difficult choices if the next elections were postponed with the aim of achieving more political gains.

Post-ISIS era requires the re-arrangement of Iraq’s priorities according to a national plan that protects Iraqis rights, al-Maliki said in a press statement, pointing that a political majority is the only plan that will help Iraq get rid of quotas’ system and achieve a national consensus.

He asserted that a political majority will not be monopolized by sectarian groups, but it will be a political majority for every Iraqi who wants to participate in the government, noting that a majority government would contribute to working out a national consensus about principles based on the Iraqi constitution.

Maliki is blamed for ISIS’s control over Mosul city and its spread in other parts of Iraq when the Iraqi troops withdrew from the city after ISIS militants stormed it during massive battles to capture the city in June 2014.

He along with other senior Iraqi officials are also involved in several corruption charges and have been faced with charges of squandering trillions of dollars from the Iraqi’s funds.

Read More: http://www.thebaghdadpost.com/en/story/7491/Maliki-threatens-to-destabilize-Iraq-if-elections-postponed

Loop (Dinar Guru) –   Article:  “Parliamentary oil suggest the presence of 300 billion barrels of undiscovered”  Quote:  “...said the oil profanity by Mehdi al-Hafez, Tuesday, that there is a plan of action will begin to explore more than 300 billion barrels of oil, Iraq added to the reserve.”  If Hafiz is correct Iraq will have the largest reserves in the world.  What we do know for sure is that they just add 10 billion to their reserves last week.  Iraq is currently 5th in the world as far as oil reserves go. Much of their country has yet to be explored for oil. I would be surprised if they do not find much more.

Read More: http://www.dinarupdates.com/observer/

Pentagon ditches onerous rules of engagement, gives Mosul troops quicker firepower access

By Douglas Ernst – The Washington Times – Iraqi forces and U.S. coalition troops are no longer burdened by strict rules of engagement, which some say have turned firepower requests into bureaucratic nightmares.

U.S. Army Lt. Col. James Browning, commander of 2nd Battalion, 508th Parachute Infantry Regiment, 2nd Brigade Combat Team, 82nd Airborne Division, recently spoke with reporters about a Dec. 26 directive that streamlined the process of delivering aid. The order, attributed to U.S. Army Lt. Gen. Stephen Townsend, was confirmed on Thursday by Air Force Col. John Dorrian, the U.S.-led coalition’s spokesman.

“It changed the relationship [between forces],” Lt. Col. Browning told The Associated Press about increased flexibility on the battlefield. “It gives me a better understanding of how I can bring to bear the limited capabilities I have.”

The new rules, which were supplemented with more directives weeks ago, allow U.S. personnel to better assist — physically and logistically — the Iraqi army’s 9th Division. Advisers are increasingly embedded with Iraqis and they can avoid cumbersome requests through a joint command center.
“[We previously] would have gone through a whole bureaucracy and through Baghdad,” the officer told AP by phone.

Military operations to dislodge the Islamic State group from Iraq’s second-largest city have seen a string of success in recent weeks. The eastern half of the city is under the control of coalition forces and its airport in the west was recaptured on Thursday.

Read More: http://www.dinarupdates.com/showthread.php?46872-Pentagon-ditches-onerous-rules-of-engagement-gives-Mosul-troops-quicker-firepower-ac

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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

SBA 2016 RECAP

Robert Cook  CSW  CSS  CBP  CST  CTC

Iraq:

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)

12162016

Adoption of specialized international companies for the rehabilitation of local expertise

BAGHDAD / Hussein Tgb – More is known about attracting capital and advanced technology requirements of an urgent need to revitalize the real job market in Iraq , which has an ideal opportunity for all international companies, but under the conditions of crisis it.

Global effort with the developed According to experts needs to be a reputable financial institutions have the expertise that carry international certificates recognized confirms possession of these institutions for the best experience and the ability to provide services that fit the workload and keep pace with global developments and shrinking the gap between Iraq and the world.

Financial Advisor to the Prime Minister Dr. The appearance of Mohammed Saleh stressed the need to open up to the specialized rehabilitation of local expertise that add high levels of expertise enable organizations to be the focus of the world ‘s faith at all levels of international companies.

He pointed to the importance of being in Iraq experiences carry important testimony from the top five training institutions in the world in the forefront of any ACAMS, Microsoft and KPMG and other terms of equivalent training in her testimony Harvodalaalmih University.

Saleh said that the world is constantly evolving and has become an international gap between Iraq and the international surroundings even in the training curriculum, pointing out that the rapid developments difficult to keep pace , but through the rapid training sessions larger institutions under the supervision of, and we find it offere that trains local competencies in the biggest specialized in the financial sector institutions which is the real axis of the starting of the development process and recommend extending it .

The 27 percent of the jobs that were chock in the seventies of the last century , has now disappeared in developed countries, including the United States of America.

Keep up with new expert International Training Ali Mohammed Jawad said that the world is racing to develop human capabilities to keep up with their role in the new in all fields, pointing out that the advancement of competencies is all the institutions of the forms , the risks, particularly in the financial institutions. He pointed out that our experiences with leading global companies showed that the current work contexts and the criteria for selecting the country that approaches it classified as investment companies adopt the evolution of the financial sector and the extent to which Imitklh of certificates of the best specialized institutions.

He noted that the field of money Iraq began earning his staff of international experience through certificates obtained from the institution of any global infidel specialized preparation competencies, develop and give a certificate to the employee that exceeds the tests on the high degree of accuracy in the areas of money laundering and diversion terrorism after the sessions organized for this matter.

He said the need for this institution looked after the events of September 11 to curb the financing of terrorism and money laundering and introduced accredited anti – laundering specialists Association money that began to enter Iraq Abraltaaon with the Iraqi private banks association and the supervision of the Central Bank of Iraq.

Jawad importance of preparing the importance of competent staff member said, because it is not natural to consider the employee that all cases of deposit and open – laundering accounts but to be precise specialization in this area and shall have the possibility in the diagnosis of cases that are surrounded by suspicions, pointing out that the ongoing central supervision sessions Association began creating these competencies.

He said that through the sessions pointed out that the Iraqi competencies younger respond quickly to put the systems and new information and this is a positive thing can Iraq from the financial sector to develop gradually to be a contender in the competencies and products regional and international banks, pointing to a great reaction from the coaches and participants.

He urged the importance of preparing young expertise in the areas that must communicate with global developments, where the need for participation of the new two sessions annually to see that occurring in the financial sector, where international investment effort looks at the extent to which the financial sector to international certifications manages the Financial Action Task Force in the country.

Turn between the Executive Director of the Association of Iraqi private banks Ali Tariq The Association recognizes the importance of developing the working experiences of public money and private sector and has become our understandings with the best international financial institutions, pointing out that the cycles that regulate the issues the task under the supervision of the Central Bank of Iraq and, most recently concluded at the end of last week , in collaboration with ACAMS any institution.

Tariq pointed out that continuous training courses and plans implemented a monthly basis according to the program and there was a clear reaction from the banks with the training curriculum.

Read More: http://www.dinarupdates.com/showthread.php?46887-Adoption-of-specialized-international-companies-for-the-rehabilitation-of-expertise
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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1229.584 1228.969
British pound GBP 1455.018 1454.290
Canadian dollar CAD 881.083 880.643
Swiss franc CHF 1150.073 1149.498
Swedish krona SEK 129.489 129.425
Norwegian krone NOK 136.601 136.532
Danish krone DKK 165.398 165.315
Japanese yen JPY —– —–
Special
Drawing Rights
SDR 1582.534 1581.743

Indicative rates – 02.26.2017

http://www.cbi.iq/

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