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.

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Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 05-25-16

Currency Auctions Announcement No. 3206

This daily currency auction was held in the Central Bank of Iraq on the 05-25-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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Thought, not money, is the real business capital. – Harvey S. Firestone

*** Current News ***

Federal Court rules in favor of al-Jubouri

Roudao – Erbil – The Federal Court dismissed on Wednesday a lawsuit Representatives of the protesters on the legality of the Iraqi Parliament Speaker Salim al-Jubouri.

Read More: http://www.dinarupdates.com/showthread.php?34997-Federal-Court-rules-in-favor-of-al-Jubouri-5-25

RCookie:….98% OF THE GURUS HAD NOT A CLUE OF WHAT THE IMF LOI WAS UNTIL ABOUT 2 MONTHS AGO…AND STILL DO NOT UNDERSTAND WHAT IT SAYS OR CORRELATES TO HOW LONG IRAQ HAS BEEN INVOLVED AND (their) PROGRESS PERSPECTIVE…ANYONE PURPORTING KNOWLEDGE OF DATE OR RATE OR CONFIDENTIAL HIGH LEVEL INTEL…NEEDS TO BE AVOIDED AND IGNORED WITH PREJUDICE!!!!!….

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Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Wednesday evening 7:30pm CST!!

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HERE IS AN RCOOKIE RECAP OF RECENT NEWS…

INVESTMENT/BUSINESS

IRAQ OIL PRODUCTION REACHES HISTORIC LEVELS OF 4.7 MBPD…MINISTRY OF TRANSPORTATION KADHIM ANNOUNCE THE GENERAL COMPANY FOR RAILWAYS THE LAUNCH OF INVESTMENT FUNDING FOR RAILWAY BETWEEN BASRA AND IRAN PLAY A MAJOR ROLE IN PROMOTING TRADE…OIL PRICES FALL FOR FIFTH STRAIGHT DAY TO $47.90….IRAN WANTS TO BE PARTY IN RESOLVING IRAQ’S ELECTRICITY PROBLEMS…OIL MINISTRY SPOKESMAN JIHAD CONFIRMS PAYMENT OF DUES TO OIL COMPANIES IN DIRECT RESPONSE TO IMF SBA LOAN CONDITIONS…WASIT SHOPPING 484K TONS OF WHEAT AND EXPECT PRODUCTION OF 800K TONS IN 2016…EXECUTIVE DIRECTOR IRAQI BANKS ASSOC ASSERTS BANKING SECTOR DEVELOPMENT PROMOTES INVESTMENT ACTIVITY…ISX SEES 4TH STRAIGHT SESSION IN DECLINE DRIVEN BY BANKING SECTOR…IRAQ AMBASSADOR TO OPEC AMIRI STATES DEMAND AGAINST SUPPLY IMPROVES OVER FEBRUARY NUMBERS & IRAN’S RETURN TO MARKET LESS IMPACTFUL THAN EXPECTED…IRAQI AIRLINES ANNOUNCES FIRST FARES & SERVICE TO TO AZERBAIJAN…MUNICIPAL MINISTRY DIRECTORATE ANNOUNCES COMPLETION AND OPENING OF INTERMEDIATE SOLID WASTE PROCESSING PLANT IN BASRA…WASIT PROVINCE CHAMBER OF COMMERCE ANNOUNCES THE 1ST INTERNATIONAL EXHIBITION OF ENERGY/ECONOMY/INVESTMENT BANKING & TEXTILE INDUSTRIES TO ADD TO CHINESE & SHANGHAI COMPANIES ALREADY OPERATING …THIS WASIT CONFERENCE SIMILAR TO BASRA ENERGY CONFERENCE ONGOING SINCE 2009…MINISTRY OF LABOR & SOCIAL AFFAIRS ANNOUNCES $25 MILLION FOR IDB LOANS FOR PROJECTS…

AS THEY NAVIGATE THROUGH THE IMF SBA LOANS…POLITICAL & PARLIAMENT SOURCES CONFRONTING SEVERAL CRITICISMS IN LOAN ACQUISITION PROGRAMS…AND NEED FOR ACTIVATING AS AN IMPORTANT PART OF OVERCOMING FINANCIAL CRISIS…AND CALLS TO IMF CONDITIONS TO APPROVING SBA LOANS…WITH ECONOMISTS STATING IT IS OBVIOUS UPON REVIEW IT IS TE CORRECT ACTION GIVEN THE CURRENT MARKET ENVIRONMENT…

DEBATING WHETHER ACQUISITION OF THE SBA LOANS IS THE APPROPRIATE ACTION IN OVERCOMING FINANCIAL CRISIS…AND CONCLUDE RIGHT MOVE..PROVIDED PROPER USE AND APPLICATION OF THE LOAN FUNDS…AND FURTHER INTERNATIONAL & LOCAL MONITORING & OVERSIGHT TIGHTENING AND SCRUTINY…COMPLETE WITH DETECTION MECHANISMS AND CONDITIONS IMPOSED BY IMF WITH FULL TRANSPARENCY AND BE EVALUATED AGAINST THEM….(CREDIT RATINGS)…
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Moody’s: financial liquidity Iraq will improve after the IMF loan

Follow-up scales News – She said the agency credit ratings, “Moody’s”, said the agreement concluded by Iraq and the International Monetary Fund, last week, regarding loan demand worth 5.4 billion dollars, a positive credit rating and will improve the liquidity of the government strapped to it.

Moody’s said in a statement that I followed / balances News /, “The agreement will help Iraq to finance the budget deficit and the current account deficit.”

The agreement allows reached last Thursday of additional international aid worth $ 15 billion over the next three years to support an economy hit by the drop in oil prices since mid-2014 and the costly war against Daash Alarhabiy.anthy 29 / D 24

Read More: http://www.dinarupdates.com/showthread.php?34968-Moody-s-financial-liquidity-Iraq-will-improve-after-the-IMF-loan-5-24
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 5/23 – 

  Smart phone user link – Click here

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rcookie (Dinar Guru) –   Article quote:  “Identified the Presidency of the Council of Representatives and the heads of political blocs next Sunday as the date to hold a parliamentary session.”   LOOKS LIKE WE HAVE A DATE FOR SUNDAY PARLIAMENT SESSION AFTER POLITICAL BLOC MEETINGS THIS MORNING IN ABSENCE OF KURDS…

Read More: http://www.dinarupdates.com/observer/
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Sunday session includes host Abadi to complete voting on the Cabinet cab

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rcookie (Dinar Guru) –   Articles:   “The start of the meeting of the Presidency of the Council of Representatives on Tuesday with the heads of the blocs, but without the presence of Kurdish deputies.”   “Kurdistan Alliance: MPs, ministers will not return to Baghdad until after the implementation of the “benefits“…”  Kurds were absent from attending parliament sessions. Abadi meet with 9 ministers only!  KURDS RETURNING TO BAGHDAD WHEN CHECK IS IN THEIR HANDS AND INK IS DRY….

Read More: http://www.dinarupdates.com/observer/
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Oil Ministry confirm Iraq’s commitment to pay the dues of oil companies

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rcookie (Dinar Guru) –  Article quote:  “The European Union decided to support the Iraqi government and the Kurdistan Regional Government, to address the financial crisis, while the declared support for Iraq and Kurdistan in their war against al “Daash” terrorist.”  SO EU MAKING SOLID COMMITMENT OF SUPPORT FOR KURDISTAN REGION TO OVERCOME FINANCIAL CRISIS…AND PROVIDE SUPPORT FOR THE REFORM OF THE ECONOMIC SYSTEM IN IRAQ & KURD REGION…ENSURE TRANSPARENCY & FAIR DISTRIBUTION OF OIL & GAS RESOURCES.

Read More: http://www.dinarupdates.com/observer/
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Global agency: Iraq ‘s agreement with the IMF for a positive credit rating

Economy News / Follow-up …. Announced the agency “Moody’s” credit rating, on Monday, said the agreement concluded by Iraq and the International Monetary Fund for a loan under the positive demand for credit rating and will improve the liquidity of the government strapped to it.

The agency said the credit ratings in a statement that “the agreement will help Iraq to finance the budget deficit and the current account deficit.”

Iraq announces receiving a loan from the IMF $ 13 billion
IMF: Iraq may receive a loan under the demand for three years

And got Iraq, (May 17, 2016), on loan from the IMF worth $ 13 billion with interest estimated at 1.5 percent.

Read More:  http://www.dinarupdates.com/showthread.php?34974-Global-agency-Iraq-s-agreement-with-the-IMF-for-a-positive-credit-rating

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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
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“Economy News” published details of Iraq ‘s agreement with the International Monetary Fund

Economy News / special

An informed source at the Ministry of Finance, on Sunday, details of the agreement concluded by Iraq with the International Monetary Fund.
The source for “Economy News” that the agreement provided for the granting of a loan exceeds the initial $ 5 billion, with the following text of the Convention:

First, the general details

1 – that this agreement is not the first, was preceded by two agreements: one in 2005, and the settlement of Iraq’s obligations with creditors in the Paris Club, and the other in 2008, to address the repercussions of the sharp decline in oil prices at the time.

2 – the value of the loan is 5.4 billion (billion) dollars.

3 – The interest rate on this loan does not exceed 1.5% per annum.

4 – assumed that this loan helps to strengthen the creditworthiness of Iraq, and raise the credit rating, the building “umbrella financial | pave the way for the establishment of the seven major industrialized nations (G7) to provide credit facilities for Iraq amounts could reach more than $ 15 billion. Among these facilities helping Iraq to ease the burden of repayment obligations with the Paris Club, as well as those relating to the payment of international financial obligations. Add to receiving additional financial support from the World Bank, and other countries.

5 – that this loan will help reduce the “extra” in the state budget, the impact of the drop in oil prices, and to follow the procedures help reduce the deficit “total” deficit (ie the total deficit) in the state budget.

Second requirements

1 – that the Iraqi government to take necessary measures to reduce expenditure in the state budget for fiscal year 2016.

2 – take measures to settle the dues of oil companies, and do not let Petrakmha.

3. full salary and allowances for senior subordinate state employees, functional upper grades, and private, to income tax. These range from tax (according to different income segments) between 7.5% to 15% of the total salary and allowances. As for the lower grades, they impose income tax on only the nominal salary, without benefits.

4 – rehabilitation (or restructuring) self-funded public companies.

5. work hard to raise the efficiency and performance of the financial regulatory agencies in the country, at all levels. And impose strict controls on the doors of disposition of this loan.

Third, other information.

1 – There are controls for the collection of public service wages, to take into account the living conditions of low-income people.

2 – will not raise fuel prices (fuels), because oil prices are currently low, and because existing prices are rewarding for the government.

2 – There is no requirement laid off workers in the government sector.

3 – There are no conditions permit stamped on the ration cards, nor salaries of social protection network, and not government subsidies provided to the displaced.

From the above, the social costs are difficult to this Agreement, are those associated with the repercussions of negative to cut public spending (in the absence of almost entirely of institutions capable of allocating available the best possible ways and means of economic resources, and the lack of the ability to pursue a management efficient public money) .. and also those costs associated with the taxation of the salaries of all employees.

As for how to dispose of the amount of the loan, check spent on the purposes for which has been allocated for it originally, and achieve the main objectives of it, the burden of implementation and follow-up in question, it will be the responsibility of the international parties involved and supportive of this agreement (basic degree), and not the responsibility of the Iraqi government alone.

The Finance Minister Hoshyar Zebari announced that, in the (May 19), to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, and as pointed out that the loan will allow securing additional financial assistance to reach about $ 15 billion over the next three years, confirmed the governor CBI, on the Keywords that the annual interest rate of the loan is up to 1.5%.

Read More: http://www.dinarupdates.com/showthread.php?34867-quot-Economy-News-quot-published-details-of-Iraq-s-agreement-with-the-International-Monetary
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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

http://www.cbi.iq/

Indicative rates – 05.25.2015

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