Dinar Daily NEWS Blog – Jan. 23rd

Word for the day…

Robert J Cook, III – Age 53 Of NJ, Passed away suddenly on January 16, 2017. He is survived by his beloved fiancee Melinda Keenan.
He is the devoted father of Grant Joseph McDaniel and Ryan Andrew Keenan, loving son of Jacqulynn and the late Anthony Malatesta and the late Robert John Cook, II. Dear brother of Jeffrey Cook (Gwen) and uncle of Makenna Ann Cook and Austin Joseph Cook.

Robert attended Bishop Eustace and Cherry Hill East High Schools. He also played hockey with the Junior Flyers Organization and Penn State University, and coached youth hockey. He has worked as a general manager in the restaurant industry, and for many years in the wholesale distribution, marketing and sales of wine and spirits.

He recently embarked on his own venture in the production of organic wines as Vice President of Au Natureal, an organic premier wine manufacturer and distribution company. He was a certified premier wine specialist for the Sunbelt Group, national sales director for Charmer Sunbelt Group, a certified web design specialist and was lead consultant and advisor for an international investment group. Robert had a brilliant mind, enjoyed cooking, was a sommelier, and while being extremely kind-hearted and giving, had a tremendous sense of humor.

Relatives and friends are invited to the visitation 5-7pm and to the Memorial Service at 7pm on Saturday, January 21, 2017. Interment will be private.

Donate Here: https://www.gofundme.com/robert-cook-memorial-fund

Iraqi Dinar/Dollar auction 01-23-17 (most recent listing)

Currency Auctions Announcement No. 3365

This daily currency auction was held in the Central Bank of Iraq on the 1-23-2017

The results were as follows:

DETAILS NOTES
Number of banks 31
Number of remittance companies 17
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 155,429,453
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 155,429,453
Total offers for selling (US$) —–

More: http://dinarupdates.com/observer/
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Every man is a damn fool for at least five minutes a day. Wisdom consists of not exceeding the limit. – Elbert Hubbard

*** Current News ***

 “For Dinar INFO that matters!!”
 Mon – Jan 23rd – 7:30pm CST

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from Jan 17th – Smart phone user link – Click here

BGG (Dinar Guru) –    …When there is a value change – we will know. The value of the Dinar was spoken to directly by the Gov of the CBI several times in the few days. Going down is not what he said.  …we are really close… they are handling financial, economic and currency reform items every day. The news about the Commercial Agencies Law being voted on shortly is HUGE. Big companies won’t go to Iraq if they have to hand their business over to an Iraqi.  We should be very encouraged.  The factual info is plenty encouraging.

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

The advance granted to employees who have a smart card receives their monthly salary


Baghdad/SNG –
Rafidain Bank, said Saturday that his predecessor granted 10 million dinars for State officials to have smart card activated receives her monthly salary.

The Bank’s information Office said in a statement, a copy of SNG received “a strategic plan on the Bank granted 10 million advance that an employee must have a smart card activated through resettlement of salaries in private savings accounts and activate the electronic tax receipt and pay her monthly salary, in addition to the payment of the insured who has previous advance advances.”

“The smart card is issued through his pledge to continue feeding the payroll every month on the same context through employee service covered by the advance provided the nearest branch of the Bank to disclose all of their salaries and all the details that I depend upon electronic form fields and sent a copy of the data on a disk (CD) and the book of the revolving head wave to section on safety supports detection and his pledge to provide salaries for employees of the full circle in that branch.

“The commitment that upon completion of the staff is called accounts under the names transferred to branches in accordance with the electronic form to get their signatures on contracts and then issuing the smart card.

The Ministry of finance had agreed on 18 September 2016 launch staff personal advances amounting to 10 million dinars for various purposes and according to the controls and instructions, while set conditions for the employee on this loan from has a smart card and amralmtkodm must not exceed 50 years.

Read More: https://www.facebook.com/groups/571383766355188/

1Bobby ~  These are the cards that will reduce the note count and add liquidity to the banks. Remember the 3 Ministries that agreed to have ALL employees salaries issued thru this card? Also the Rubber Industry agreed to the same with their employees (19,000 or so) This “10 million” advance was aimed at the :shortcomings” of the salaries due to the economic crisis.

Employees that sign up, thru the smart card, will be eligible for these advances. Just inner workings that have been going on for awhile now. They had to get the Ministries approval and get their ducks in a row before proceeding with this program. Bottom line is…..reducing note count, adding liquidity to the banks. Hope all that made sense. I’m sure others can add to it.

Loop (Dinar Guru) –   Article:  “International Monetary showing satisfaction of Iraq’s efforts to meet the credit requirements of the program”   Quote: “…satisfaction with the efforts made by the Ministry of Finance and the Central Bank of Iraq and other ministries in the area to meet the requirements of the program,” adding “it is going according to timings marked in the program,” according to the statement…it is going according to timings marked in the program…The IMF is satisfied with the progress of the SBA!  BOOM.

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

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follow Dinar Updates on twitterDinar Updates – “NEWS TIME” w/MadDScout & Company – Jan 24th 6:30pm CST – In the Dinar Updates CHAT Room!!

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Iraq opens the door to possibilities deletion of zeros from the local currency (16/1/2017)

Baghdad (Iraq 24) – Iraq opened the door to possibilities deletion of zeros from its currency, where the Central Bank of Iraq, said that there is full control of the Iraqi dinar.

The governor of the bank on the Keywords in a press statement, that “the rumors about the Iraqi dinar at risk and prone to degradation and decline in comparison with other currencies as dollar, is not true,” adding that “Msatralih dinar fully and that in progress.”

…” adding that “Msatralih dinar fully and that in progress.”…

Another posted this translation:
Msatralih (verb)

1) to make a new or revised valuation of;
2) to increase the legal exchange value of ( a nation’s currency ) relative to other currencies

wmawhite: Msatralih dinar fully and that in progress.

Msatralih dinar fully and that in progress.

wmawhite: …” adding that “Msatralih dinar fully and that in progress.”…

Okie Dinar:  Awesome!

BGG: BIG TIME!!

Loop (Dinar Guru) –    Article:  “Finance issued government bonds secured one billion dollars”   Quote:  “foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries, the issue is guaranteed by the United States government bonds.”   The EU BONDS ARE READY (ISSUED) AND THE FORIEGN BANK PRAISED THE INTEREST RATE ACHIEVED!  So what’s changed from last year? As evidenced by the shear number of MoUs and other agreements Iraq has made with countless countries. THE WORLD LIKES THE ACTIONS THE IRAQ HAS TAKEN TO CORRECT THEIR ECONOMIC COURSE AND THEY ARE SEEING THE POTENTIAL TO MAKE LOTS AND LOTS OF MONEY. AND THE SPEED AT WHICH THESE BONDS CAME OUT IS AMAZING!

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

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 from Tues – Jan 17th

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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:

If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.

DayTrader

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

12162016
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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 – 01.23.2017

http://www.cbi.iq/

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