Dinar Daily NEWS Blog – May 27th

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…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 05-26-16

Currency Auctions Announcement No. 3207

This daily currency auction was held in the Central Bank of Iraq on the 05-26-2016

The results were as follows:

DETAILS NOTES
Number of banks 29
Number of remittance companies 18
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 121,342,437
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 121,342,437
Total offers for selling (US$) —–

More: http://dinarupdates.com/observer/
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Whoever claims the right to redistribute the wealth produced by others is claiming the right to treat human beings as chattel. – Ayn Rand

*** Current News ***

Sadr: events today called for the people to support the security forces and the army

Special balance news – One of the leaders of the Sadr movement in Baghdad, said Friday that demonstrations today to support the Iraqi army and security forces in his war against the Islamic State.

Its leadership said on condition of anonymity for the balance of news, “demonstrations today is essentially a popularity and is not exclusive to sadrist and came to support the security forces and the Iraqi army in the battle of Fallujah and war against the Islamic State.

He added, “all the current events in the name of the people, by the people, and was called via social networking sites.

It is said that the Prime Minister Haider Abadi called citizens yesterday to postpone their protests Friday, because of concern the security forces in the fight against the Islamic State.
Read More: http://www.dinarupdates.com/showthread.php?35086-Sadr-events-today-called-for-the-people-to-support-the-security-forces-and-the-army

BGG ~ So wait… Abadi calls on the Sadrists to postpone and THEY RESPOND?? He calls the shots?? (maybe there is more of an alliance w/Sadr than there looks)… but the next question is – AGAINST WHO?? Hmmmm

Prime Minister: the coming days will witness the liberation of Fallujah and then we will move on to Mosul

Prime Minister Wahid al-Abadi said that the coming days will witness the liberation of Fallujah and then will direct the liberation of Mosul.

A statement by the Office of the Abadi received (Opinion) International copy of it today that “Abadi met with ambassadors of Islamic countries accredited in Iraq to inform them of the latest developments in the fight against terror Daash to liberate Iraqi territory and stability gangs in the area., Stressing that” terrorism threatens not only Iraq but threatens all countries the world, adding that the deviant terrorism distorts our Islamic religion. ”

He said Abadi, according to the statement that “the liberation of Fallujah operations began yesterday and is witnessing progress and successes of our heroine in the city that fell to the terrorist gangs before the occupation of Mosul more than six months and we are dedicated to the safety of civilians in and provide safe places for them and isolate the terrorists.

He said, “There are successful experiences of liberalization of the Heat and wet to keep the population and not to exploit the terrorist gangs of these homes and state institutions for booby-trapping, stressing the importance of moving away from any escalation of sectarian We are in the firing line and the enemy is trying to stir up sectarian strife, and we must not let him.

Abadi said the crowd that the popular state-owned and under the command of the Commander in Chief of the Armed Forces and funding from the government and the popular crowd innocent of all those who speak the language of a sectarian institution which is condemned by us.

“The coming days will witness the liberation of Fallujah and then we will move on to Mosul, where the fighting began some time ago and there are many areas liberated and are keen on the safety of civilians Viha.anthy

Read More: http://www.dinarupdates.com/showthread.php?35014-Prime-Minister-the-coming-days-will-witness-the-liberation-of-Fallujah-and-then-we-w&p=153027#post153027

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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
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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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wmawhite (Dinar Guru) –    …IMO, these reforms are for the future and will strengthen Iraq as they progress…at the same time the Prime Minister, GOI, CBI as well as the IMF and WB are driving ahead with monetary reforms. These monetary reforms have brought Iraq into the globe’s economy markets. Now we wait to see the true value of the IQD introduced to the world.

Read More: http://www.dinarupdates.com/observer/
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The Interior Minister thanks demonstrators they postponed their protests

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tlm724 (Dinar Guru) –    …things feel different now, the IMF is there in the background and I think…that things are going on that we can’t see fully, all these different rates etc…they are changing almost daily, just has us scratching our heads…and there are tons of articles saying “stop the auctions”!   we just gotta watch and pay attention to ALL and everything that is happening.   my final thought is this, Ambassador Bremer stated clearly that Iraq could NOT be dollarized, that they HAD to have their own currency. That the dinar was intended to float! The IMF has control of their economic policy, that is a fact, so it makes complete sense that the plan is going forward BECAUSE the currency reform is a MUST DO!   It goes hand in hand…

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:….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!!!!!….

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

CURRENCY CODE SELL BUY
US dollar USD 1182.000 1180.000
Euro EUR 1317.457 1316.798
British pound GBP 1733.048 1732.182
Canadian dollar CAD 902.979 902.528
Swiss franc CHF 1192.013 1191.417
Swedish krona SEK 142.105 142.034
Norwegian krone NOK 141.745 141.674
Danish krone DKK 177.150 177.062
Japanese yen JPY 10.731 10.725
Special
Drawing Rights
SDR 1659.445 1658.616

Indicative rates – 05.27.2015

http://www.cbi.iq/

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