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Iraqi Dinar/Dollar auction (most recent listing) 06-26-16

Currency Auctions Announcement No. 3228

This daily currency auction was held in the Central Bank of Iraq on the 06-26-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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RCookie’s News Recap

HERE IS A RECAP OF NEWS….

SECURITY

IRAQI FORCES CONTROL THE ROAD BETWEEN MOSUL AND TIKRIT..PENTAGON PETER COOK CONFIRMS MORE THAN 75% OF FALLUJAH LIBERATED AND UNDER ISF CONTROL AND 100 US SORTIES PERFORMED IN FALLUJAH OPERATIONS…CACHES OF EXPLOSIVE SUICIDE BELTS FOUND IN NUKHAYIB…ISF REGAIN 2 VILLAGES ALBU AMIRS & EYE WHITE NORTH OF SALAHUDDIN…ISF FORCES START HEAVY BOMBING CAMPAIGN ON “GOLAN HEIGHTS” NEIGHBORHOOD OF FALLUJAH…LARGE IRAQI SECURITY FORCE ARRIVE AT THE OUTSKIRTS OF INTERSECTION OF SHARQAT…SECURITY FORCES RAISE IRAQI FLAG OVER CITY OF ALAZRKIH…JABOURI EMPHASIS COORDINATION BETWEEN PESHMERGA AND VOLUNTEER CLANS IN MOSUL OPS…INT’L COALITION AIR STRIKES KILL 20 ISIS ELEMENTS IN KHALIDIYAH ISLAND TARGETS…INTERNATIONAL COALITION ANNOUNCES 32 SORTIES IN IRAQ AND SYRIA…IRAQI FLAG RAISED OVER GOLAN HEIGHTS NEIGHBORHOOD OF FALLUJAH…”SAFE PASSAGE” ESTABLISHED FOR DISPLACED IN SOUTHERN MOSUL…FEDERAL POLICE ANNOUNCE THE EDITING OF 25 VILLAGES IN FALLUJAH OPERATIONS…ANBAR POLICE ANNOUNCE THE ARREST OF 1500 ISIS ELEMNTS SINCE THE BEGINNING OF FALLUJAH OPERATIONS…INTERIOR ANNOUNCE THE PURGING OF THREE GOVERNMENT COMPLEXES AND 4 VILLAGES NEAR SHARQAT….ISF ARTILLERY FIRE KILL 10 ISIS ELEMENTS NORTH OF RAMADI…IRAQI FORCES RAISE IRAQI FLAG OVER ADMINISTRATIVE BUILDINGS IN MAKHOUL…CROWD OF TURKMEN IN KIRKUK PROVINCE KILL 23 ISIS ELEMENTS JUST SOUTH OF ABURIZAL KIRKUK…DIRECTOR OF CIVIL SERVICE STAUS ASSAASINATED OUTSIDE OF KIRKIK…

GENERAL

TERRORIST ATTACK AIMED AT ROUDAO MEDIA NETWORK HEADQUARTERS IN ERBIL BARZANI PHONES MEDIA CHIEF CONDITION…JABOURI AND OBEIDI HEAD TO MOSUL TO MEET WITH SECURITY LEADERS AND LIBERATION OPERATIONS INSPECT DISPLACEMENT CAMPS…COALITION FORCES CALL ON ABADI TO TAKE EXTRA SECURITY MEASURE TO PROTECT CITIZENS OF WAJIHIYA…SADR CALLING ON ABADI GOVERNMENT TO RESIGN AND LEANING TO JOIN DEMANDS FOR RESIGNATION OF 3 PRESIDENCIES…THE US WILL BEGIN PAYING STIPENDS TO KURDISTAN FOR PESHMERGA SALARIES IN JULY AS PART OF $415 MILLION DOLLAR SUPPORT COMMITMENT PACKAGE…ABADI DISCUSSES WITH IRANIAN AMBASSADOR A BILATERAL AGREEMENT ON PRODUCTION OF ELECTRICAL POWER…WORLD HERITAGE COMMITTEE DISCUSSED NOMINATION ADDING MARSHES AND WETLANDS IN SOUTHERN IRAQ TO ITS LIST…UNITED NATIONS ASSERTS NEXT PHASE MOSUL ATTACK WILL RESULT IN 2 MILLION DISPLACED AND ANNOUNCES ESTABLISHMENT OF 2 NEW CAMPS FOR DISPLACED OUTSIDE OF FALLUJAH…MINISTRY OF ELECTRICITY ANNOUNCES RESTORATION OF SERVICE AFTER 2 YEARS TO “HAND” AREA WEST OF RAMADI IN ANBAR PROVINCE…HAKIM CLAIMS THAT IRAQS UNITY IN FIGHTING ISIS MIXES THE BLOOD OF IRAQIS FIGHTING A COMMON ENEMY…CBI ANNOUNCES NO MARKET FOR COUNTERFEIT 50K CURRENCY BECAUSE OF EASY DETECTION OF SECURITY FEATURES AT BANKS & FINANCIAL INSTITUTES… JAFAARI AND STUART JONES MEET TO DISCUSS SECURITY DEVELOPMENTS AND SAFETY FOR THE DISPLACED…

Keywords: central policy adopted prevented the financial collapse

Jubouri promised to amend the Banking Act

BAGHDAD – Hussein Tgb – Collect a number of officials in the public and private sectors to give business environment required attention, and that is the role of the banking sector , prominent in this area and the need to be a role developmentally after the events of changes necessary for this side.

Speaker of the House Dr. . Saleem al – Jubouri Park at the beginning of his speech security victories achieved by our security forces and the crowd popular on «Daash» terror in various fronts, and then said: It is important to know the importance and the role of private banks in the national economy and strengthen Iraq ‘s capacity production and service. Roadmap and draw during the ceremony Ramadan annual of the Association of Iraqi private banks to the importance of the private banks sector and the role of development, stressing that the complexities that have passed during the last period did not allow collaboration together to develop a road map to promote the role of private banks to support the national economy , which fluctuated during the period years.

he said: We are closely monitoring the problems between private banks the government on the one hand and between them and the Ministry of Finance on the other hand, has these problems led to the banking market , and removing fragmentation and make them work in a way perhaps signaling that it is incorrect and all it depends on determining the vision and make it more flexible and realistic.

20 trillion dinars , the central bank governor in turn , between the Central that depends a balanced policy in the circumstances experienced by Iraq to prevent the financial collapse of the country, and that since the end of last year and to the end of this year will be the state treasury Mall $ 20 trillion dinars, pointing out that the economic aspect entails real development opportunities and base security and social stability and move towards construction.

Keywords said : risks that beset us the subject of terrorist financing and the banking sector and the financial sector in general , concerned that it dramatically so comply with the requirements combat level has to be great because it protects the society and the economy and the country ‘s vulnerability and the banking sector to a significant risk.

He said the Central after the issuance of anti – money laundering law he moved into a new era in dealing with banks and financial institutions and companies, and must be a major commitment to this law and develop regulatory standards to be a separation between us and the banks.

He said: We must all work together for the achievement of an ideal working environment that provides job opportunities to prepare young people unemployed Ngnehm from engaging in negative Atjhat within the community and adversely affect the reality of life, and we have to look seriously for the advancement of labor sector , especially as the country has a lot of Alfrs.labd be sector banking Alerting the direction of trying to stimulate the fact Alaguetsidi and its financing, and the central work of the initiatives is the first in the history of Iraq, including the allocation of 6 trillion to support various projects projects, stressing that give business attention required to contain the unemployed numbers of the various slides. overcome the obstacles head of the Iraqi private banks association Wadih Handal said : managed Association during its short life of strengthening the role of the banking sector and overcome the obstacles and problems encountered in the past and in coordination and cooperation with the Central Bank of Iraq , who mocked a lot of time and effort to cooperate in order to achieve sustainable development and financial inclusion and support the national economy.

the Association of banks of honor to contribute to a package of reforms economic adopted by the government and support the strategies of the Central Bank, the banking sector representation in local, regional and international activities better representation, also adopted a plan to train Association banking staffs on the most cutting – edge technology that the world is witnessing.

And it exceeded the basic tasks of the Association go to support the social aspects of entry through our people as a partner in the campaign , which was founded by the musician Naseer Shamma aim of helping the poor and needy and displaced people out of humanitarian collects does not differentiate and deliver aid to all regions of Iraq.

Read More: http://www.dinarupdates.com/showthread.php?36044-Keywords-central-policy-adopted-prevented-the-financial-collapse-6-20

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Breitling (Dinar Guru) –  Question: “What effect does the Brexit have on the dinar world and our investment? ” The UK leaving the European Union has a lot to do with everything.  If you’re an American it’s fantastic news.  …How is Iraq going to add value to their currency?   What do they keep reporting that says hey you need to take our currency seriously?  Because what?  They’re reducing the note count…supply times velocity… It means the biggest threat to the US dollar for competition wise was just crushed…the Euro-The European Union.  How does that impact the currency that we’re invested in in Iraq?  Iraq is all in for the US dollar.  It is backed 100% by the US dollar.  They believe in the US dollar.  Their economy is built on the US dollar and the representation of that will be the dinar.  What a remarkable thing that is. 

Read More: http://www.dinarupdates.com/observer/
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rcookie (Dinar Guru) –    SO…STATE OF LAW MP JAAFAR ASSERTS THAT THE ABADI REFORM PLAN WILL BE IMPLEMENTED AFTER EID AND NOTED… ”HE WILL WORK TO OPEN THE PROSPECTS FOR INVESTMENT AND SOLVING THE ECONOMIC & FINANCIAL PROBLEMS IN THE COUNTRY”…NUF SAID…[All coming together quickly…]  AGREED …AND AT LIGHTNING SPEED!!.

Read More: http://www.dinarupdates.com/observer/
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Banks raise Iraq’s Stock Exchange

Twilight News / general index of the Stock Exchange of Iraq ended the trading session on Tuesday at an altitude of 0.81% for the third consecutive day, to a level Al513.41 points to win 4.10 points to its value.

It was treated at 1.094 billion shares valued at 768.45 million dinars, distributed over 469 transactions.

Issued gainers Tigris and Euphrates Bank by 9.09%, as the Iraqi Investment Bank rose by 7.14%.

In contrast, the losers Gulf Insurance shares issued by 2.78%, and the Asia-Cell Telecom dropped by 1.12%.

The general index of the Iraqi market for securities trading closed Monday, a rise of 0.73%, a winning 3.70 points, reaching the level of 509.31 points.

Read More: http://www.dinarupdates.com/showthread.php?36082-Banks-raise-Iraq-s-Stock-Exchange

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rcookie (Dinar Guru) –   IN ADDITION TO THE PERFORMANCE REVIEWS THAT IRAQ GOES THROUGH TOWARD THEIR SMP PERFORMANCE AND GOALS…REMEMBER WHAT OTHER REVIEW THEY PARTICIPATE IN AND THE INTERVAL…Article IV Consultation…Iraq is on the standard 12-month consultation cycle. The last Article IV consultation was concluded on July 29, 2015…SO WHAT DOES THIS TELL US…IF THE SMP THAT QUALIFIED THEM TO RECEIVE THIS 18 BILLION SBA ENDS IN 2016…  [IS THIS THEIR LAST ONE?]  TELL EM WHAT HES WON JOHNNNY!  THINK OF IRAQ AS HAVING GONE AND GRADUATED FROM UNDERGRAD SCHOOL…GONE ON AND GOTTEN THEIR MASTERS…WENT FURTHER AND EARNED THEIR PHD…AND NOW HAVE TO GO OUT INTO THE GLOBAL MARKET AND APPLY WHAT THEY HAVE LEARNED!  [post 2 of 2]

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

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Economic Council: the face of the central banks to buy bonds to cover the shortage of cash

BAGHDAD / Economy News … Iraqi Economic Council, announced that the central bank face of government banks buy and deducting all private companies private sector bonds, noting that it will cover a large part of scarce liquidity, while the Securities Commission decided to suspend seven contribution from trading companies for “failing to comply with the instructions of financial disclosure “.

Council President Ibrahim al-Baghdadi, said the Central Bank of Iraq face three government banks Rafidain and Rasheed Iraqi and commercial purchases and deducting all the special government bonds that will be issued and paid for private companies instead of late financial dues to these companies, amounting to 50% of the total dues as a down payment.

“He added al-Baghdadi, “The total amount of these entitlements amounting to 3.5 trillion dinars, roughly where it will be liquidated into cash to be this step rewarding and meaningful to private companies after the great damage to this vital sector, due to delayed payment of dues by the government.”

He pointed Baghdadi that ” these amounts will cover a large part of scarce liquidity, which would move the wheel and the movement of financial trading in the markets of all, in addition to that they will solve many of the social and tribal and legal problems, “stressing that” the central bank pledged to the banks to cover any need or shortage of cash has for the purpose of completing the acquisitions and deducting all these bonds from their owners. ”

The central bank issued in, (15 March 2016), internal and national bonds to finance the deficit in the public budget for Iraq as a result of falling oil prices to below $ 30 per barrel.

In turn, economist Mohammed Abdul Latif Al-Ani said in an interview for the “long”, that “the process of selling national bonds to the private sector will contribute significantly to the provision of liquidity needed by the government for the benefit of most of the local economy of the country.”

He added that “the government out of monetary distress supports recovery of various economic sectors, increasing the investment of the private sector, which depends on the financial institutions of the state in the process of the evolution of his opportunities.”

He said al-Ani said “the government budget’s deficit of more than 25 trillion dinars paid to finding alternatives which put national bonds, which can be directed to activate the production of industrial, agricultural and tourism sectors we have are from the Central Bank of Iraq to the government to contribute to the plug.”

Ani called on the government to “educate the public towards the acquisition of national bonds because of its financial sedate documented period of time specified interest rate is relatively good.”

He said the “Optional savings by citizens to provide financial institutions the government cluster of large cash without the need for external borrowing, which not only fills only a fraction of the expenses of the government sectors.”

The Central Bank of Iraq, and the head office in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank independent Iraqi under the Central Bank of Iraq Law issued on March 6, 2004, and is the responsibility of the bank is responsible for maintaining price stability and the implementation of monetary policy, including exchange policies exchange and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.

For her part, the Securities Commission, the Commission decided to suspend trading in shares of companies (Iraqi Date Processing and Marketing, transport petroleum products, Bank of the economy, the electronic industries, the Iraqi seed production, modern paint industries, Almahj financial converter) for failing to comply with instructions of financial disclosure and corporate ” .

And it called on the Commission, companies in hot areas to “provide disclosure by the Chairman of the Board of Directors for the overall situation for the company to be returned to circulation of a (modern construction materials, household furniture industry, construction materials Fallujah, Mosul, to the cities of games).”

The agency said it “decided to suspend trading in shares of companies (Iraqi financial transfer, the trustee of the financial transfer, United Arab financial convertible, Sama Baghdad fiscal transfer) after the registrar of companies endorsement of the decision of the General Authority for companies to change the activity of the company from Mali convert into an Islamic bank after the issuance of capital increase. ”

Read More: http://www.dinarupdates.com/showthread.php?36077-Economic-Council-the-face-of-the-central-banks-to-buy-bonds-to-cover-the-shortage-of
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http://www.cbi.iq/

Indicative rates – 06.26.2015

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