Welcome to the Dinar Daily NEWS Blog. For regular Dinar News Updates, Dinar to USD listings, Iraqi Dinar info and Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – if you are a Dinar vet or just looking for the current Dinar Value – Welcome.
Word for the day…
Philippians 4:6-7 (NKJV)
6 Be anxious for nothing, but in everything by prayer and supplication, with thanksgiving, let your requests be made known to God; 7 and the peace of God, which surpasses all understanding, will guard your hearts and minds through Christ Jesus.
Heavenly Father, Thank You for Your peace that surpasses all understanding! Thank You that we can bring our requests to You with thanksgiving. In Jesus Name, Amen.
Mrs BGG
Iraqi Dinar/Dollar auction 01-10-15
Currency Auctions Announcement No. 3045 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 01-10-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 26 |
| Number of remittance companies | 9 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 223,122,249 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 223,122,249 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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One of the greatest delusions in the world is the hope that the evils in this world are to be cured by legislation. – Thomas Brackett Reed
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BGG – Article Quotes: “Iraq proves the case: the country has witnessed FDI inflows of an impressive $4.8 billion in 2014, according to the 2015 UNCTAD world investment report…” “According to the World Bank, FDI in 25 countries that were classified as conflict affected or fragile grew at a compound annual rate of 12% compared to 4.5% growth in the rest of the world’s FDI in the period of 2005-2012.” Here is a very interesting article… shows a legitimate reason why – in the face of such adversity – that major banks and players are still looking to invest in Iraq... essentially – (if I read it right) the rest of the world has seen economic growth of about 4.5% (total) and Iraq has seen a 12.5% compound increase in the same time-frame… There’s the reason…
Read More: http://www.dinarupdates.com/observer
Vote and reading for many of the laws the parliament session today to determine the states of the most prominent of the three presidencies
…The source asserts that “Parliament will read the second reading of the draft law and national the Authority for Nuclear Regulation and radiation, and the second reading of the draft accession of the Republic of Iraq to the Convention on Nuclear Safety Joint Convention on the Safety of Spent Fuel Management and the Safety of Radioactive Waste Management and the second reading of a bill defining the mandates of the three presidencies”…
Read More: http://www.dinarupdates.com/showthread.php?21485-2nd-reading-of-3-Presidency-Law
DinarUpdates.com Round Table Chat (mid-day) 9-30-15
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
WELCOME TO ROUND TABLE AT DINARUPDATES.COM w/BGG
BGG: We’ve got BIG NEWS coming…
BGG: WE ARE DINARUPDATES!!
BGG: Ok – rcookie – where did you want to start off?? With the Maliki indictments??
rcookie: The evidence against Maliki and his clown car of criminals mount daily…He is ready for a fall!!….Just in the last couple days….
Read More: http://www.dinarupdates.com/showthread.php?21386-BGG-Round-Table-9-30-15
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…
http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
(Please note – we are posting daily News Articles slightly differently now)
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Finance Minister discussed with the Ministry’s reform plan managers
Economy/Baghdad – Financial Minister Hoshyar Zebari, at a meeting with managers and heads of departments in the Ministry, the Ministry’s plans for the next stage and curriculum reforms.
The Ministry said in a statement, the Agency received a copy of news: economy to “Minister of Finance held a consultative meeting and orientation with the Directors-General in the Ministry.
The statement added: “it was during the meeting to review policies and Ministry’s plans for the next stage and consolidate the reform policy in the Ministry and institutions working to develop methods of working with government departments and citizens
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Bringing investment to Iraq
(Courtesy rcookie – DinarUpdates.com News researcher) Massive, popular protests for better public service in Baghdad and across Iraq this summer have prompted the government to announce and execute reforms, which, among other things, reduce the salaries and privileges of government officials and parliamentarians and take steps to fight corruption.
Iraqis are sending a clear message: they have had enough, not only of the so called Islamic State and the on-going war against it, but also from years of perceived public mismanagement, corruption, and lacking basic service – for example, the electricity network is not robust enough to provide more than 6 to 8 hours of electricity to the average household. All of this when low oil prices are expected to tear a double-digit deficit into the national budget, forcing Iraq to tap international bond markets for the first time in many years.
But next to these momentous challenges, the Iraqi government continues its agenda for economic reforms. And it is right in doing so as Iraq needs new and greater investment to get on the right track. Economic revitalization, promoting Foreign Direct Investment (FDI), and regional cooperation and trade are key components of any strategy to reduce conflict and build peace, even more so in today’s turbulent Middle East. Creating jobs, raising revenues to pay for quality services, and re-establishing regional economic cooperation are as important as reaching a political settlement and re-establishing security. They all contribute to the same goal, which is to create the conditions for stability and peace.
Governments have no choice but to prioritise action in this area. According to the World Bank, FDI in 25 countries that were classified as conflict affected or fragile grew at a compound annual rate of 12% compared to 4.5% growth in the rest of the world’s FDI in the period of 2005-2012…
..The figures show that in such high-risk countries untapped resources, reconstruction needs and unmet consumer demand present opportunities for domestic and foreign investors…
Read More: http://www.dinarupdates.com/showthread.php?21338-Bringing-investment-to-Iraq-9-30
Parliamentary Finance vows to pursue suspects of currency smuggling and money laundering
(Courtesy Holly1 – DinarUpdates.com News researcher) / .. Parliamentary Finance Committee vowed Tuesday to pursue suspects of currency smuggling and money laundering by the Iraqi judiciary and the banking sector and the Central Bank.
The committee member said Masood Haider told / information /, “The past period has seen significant weakness in the fight against money laundering and the smuggling of hard currency and therefore has been coordination with international financial working group to prepare a draft anti-money laundering, passed by the Parliament recently the law”, noting that “all measures taken to implement and activate the anti-money laundering and terrorism financing law is the responsibility of the Central Bank of class basis. ”
He added that the “anti-money laundering department at the Central Bank will be strengthened and judges linked to the Department of Economic Security, as well as the employment of legal and economic experts,” noting that “the law still needs more time and effort to fill the void in the banking sector.”
Haider pointed out that “there are the names of the accused of smuggling currency and money laundering to the Iraqi judiciary and the banking sector and the Central Bank, will be right to take legal action”. Finished.
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Commercial Solicitation
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CURRENCY CODE SELL BUY
Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1166.000 | 1164.000 |
| Euro | EUR | 1306.270 | 1305.617 |
| British pound | GBP | 1772.203 | 1771.317 |
| Canadian dollar | CAD | 870.539 | 870.104 |
| Swiss franc | CHF | 1197.863 | 1197.264 |
| Swedish krona | SEK | 139.005 | 138.935 |
| Norwegian krone | NOK | 137.149 | 137.080 |
| Danish krone | DKK | 175.107 | 175.019 |
| Japanese yen | JPY | 9.721 | 9.716 |
| Special Drawing Rights |
SDR | 1636.761 | 1635.942 |