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) 08-19-16
Currency Auctions Announcement No. 3262
This daily currency auction was held in the Central Bank of Iraq on the 08-18-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 31 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 141,350,848 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 141,350,848 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Money is truthful. If a man speaks of his honor, make him pay cash. – Robert Heinlein
*** Current News ***
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wmawhite (Dinar Guru) – Article “Iraq is Back in Business, According to Wyndham Group” Quote: “…the Wyndham Hotel Group will be building two new hotels in Najaf before 2018, a secure southern town that sees huge influxes of religious pilgrims.” do you think that they just thought of this today? Really…they have been looking at these projects for YEARS!
Read More: http://www.dinarupdates.com/observer/
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www.DinarUpdates.com – save as favorite!
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Abadi: a cabinet meeting today was attended by the new ministers
(Voice of Iraq) – Baghdad – Stressed the Prime Minister Haider al – Abadi, Tuesday, that the Council meeting which was held today was attended by the five new ministers, while attributed the assignment of collection in the field of electricity to the private sector to the “success” of the latter, he referred to Iraq ‘s need for fiscal and monetary policy intact to secure the country ‘s needs in the areas all.
Ebadi said during a press conference in Baghdad, said that “the cabinet meeting today was attended by the new ministers , ” noting that ” The Council discussed the Baghdad security system and the subject of the reluctance of hospitals achievement, where the approved instructions for completion.”
Abadi said that ” the private sector has proved successful on the ground and it Osndna his collection sector in the field of electricity,” pointing out that “we need to fiscal and monetary policy intact to ensure the needs of the country in all fields.”
And the voice of the House of Representatives, on Monday, at the Abdul – Razzaq al – Issa, Minister of Higher Education, and Hassan al – Janabi , water resources and Jabar Luaibi oil, and Kazem cup of Transport and Anne is useful for the reconstruction of housing, while voted to reject a candidate and the Ministry of Commerce Yousef al – Asadi.
BGG ~ I know this piece is a couple of days old – but it CLEARLY shows a new move in the GOI.
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rcookie (Dinar Guru) – Article: “Anbar governor reveals an agreement to build a modern, commercial city in Habbaniyah” ANOTHER CITY…THIS ONE A MODERN COMMERCIAL CITY IN ANBAR WITH A CONSORTIUM OF PRIVATE SECTOR COMPANIES FROM THE US AND SOUTH KOREA. THE STATEMENTS IN THAT ARTICLE ARE PROFOUND AND SPEAK DIRECTLY TO THE LEVEL OF GLOBAL CONFIDENCE IN IRAQ’S ECONOMIC PRESENT & FUTURE…JUST TRY AND GRASP THE SCOPE AND MAGNITUDE OF THIS PROJECT…THE LARGEST DEVELOPMENT PROJECT IN ALL OF IRAQ. TO BUILD A MODERN COMMERCIAL CITY OVER 10 YEARS STARTING 2017 SPANNING 40 MILLION SQUARE METERS (15.5 SQ MILES)…15.5 SQUARE MILES WORTH OF DEVELOPMENT SPACE…ANYONE HERE UNDER THE IMPRESSION THE INTERNATIONAL INVESTMENT COMMUNITY LACKS CONFIDENCE IN IRAQ AND ITS INSTITUTIONAL STABILITY…NOT! …AND THE FACILITATORS OF THIS ANBAR PROJECT ARE THE UNITED STATES AND SOUTH KOREA…
Read More: http://www.dinarupdates.com/observer/
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firefly (Dinar Guru) – Article: “Presented Finance Minister Hoshyar Zebari, a draft 2017 budget law to the Council of Ministers.” Now this is interesting, wonder when the deadline is to approve it? And why talk about it in August! Why would they want it completed in Sept? The numbers are mind boggling. Follow the money folks!
Read More: http://www.dinarupdates.com/observer/
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Iraqi delegation in Cairo to take advantage of the experience of the Egyptian Investment Authority
Visited by an official delegation of the Republic of Iraq, headed by Ali Yacoub head of the Investment Commission of Basra province, the Egyptian Investment Authority, within the World Bank’s program for the development of investment Iraqi governorate.
Chief Executive Officer of the General Authority for Investment and Free Zones Mohammed Khudair and accept Wednesday with an official delegation from Iraq, headed by Dr. Yacoub on the head of the Investment Commission of Basra province the current role of the body and the various sectors to attract more investments to the Egyptian market.
The Commission said in a statement Wednesday that the delegation’s visit comes within the framework of the World Bank’s program for the development of investment and promotion in Basra province.
And it comprises 22 officials from the World Bank and the National Commission of Iraq for Investment and the Investment Authority in Basra.
She explained that it was reviewing investment services automation systems Complex services of the body in order to provide the time and effort undecided investors to the sector.
The head of the visiting delegation allowed in the tour of the investment services complex to determine the nature of the services provided to investors, where the delegation listened to an explanation of the complex chairman Mustafa Ali about the mechanisms of action targeting mainly easier for investors to get integrated services Speaking brings together all government agencies that deal with investors in one place in order to improve the environment in which offers investment services.
Khudair said, “We are delighted to share experiences with our colleagues in the sister Republic of Iraq in order to support technical cooperation between the two countries.”
For his part, the head of the Iraqi delegation, “Come visit us today for Egypt within the World Bank’s program for the development of investment and promotion in Basra province, and we hope to identify the Egyptian experience to develop a mechanism of our labor.”
The representative of the World Bank, the bank’s quest for the transfer of expertise at the regional level between Egypt and Iraq in the presence of representatives of the private sector in Iraq, including some businessmen who have investments in Egypt and have previous experience in dealing with the Egyptian market.
The delegation also listened to a briefing by Dr. Iman Mansour, head of the center of the settlement of the dispute body on the procedures followed by the Center for the settlement of disputes between investors.
The visit of the Iraqi delegation to the Investment Authority in the framework of the memorandum of understanding signed in 2013 between the General Authority for Investment and National Investment Commission of the Republic of Iraq.
And The Board has trained nearly 488 Iraqis in the investment, insurance, stock exchange and capital market areas, and was greeted with a delegation of 18 representatives of government agencies and the National Commission for the Iraqi investment.
It should be noted that Iraq is ranked 25 in the list of countries investing in Egypt, where the number of Iraqi contributions to 3324 companies with a capital of Iraqi reach $ 492 million and employs 4015 workers and cover the activities of companies and industrial, agricultural and service and construction sectors.
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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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DU NEWS RECAP by RCookie
THURSDAY AUGUST 18TH, 2016
GENERAL
AUCTIONS END WEEK AT 141 MILLION….GOLD AT 221,000 IQD TO THE WEIGHT…INTERIOR ANNOUNCES THE ISSUANCE OF 316,000 NATIONAL CARDS IN ALL PROVINCES TO ALL CITIZENS 12 YEARS OLD & OLDER WITH ELECTRONIC APPLICATION & PROCESSING AND WILL STREAMLINE THE ENTIRE IRAQI SYSTEM BY MORE THAN 30 MILLION CARDS WITH NEW INTEGRATED NATIONAL CARD…SOME POLITICAL BLOCS ASSERTING RULE OF LAW TO BE RESPONSIBLE FOR DELAYS IN THE GENERAL AMNESTY LAW PASSAGE…PARLIAMENT IMMIGRATION ANNOUNCE NUMBER OF OFFICIALLY DISPLACED EXCEEDS 4 MILLION AND WILL RISE WITH MOSUL LIBERATION…JAFAARI RECEIVES CREDENTIALS OF NEW SRI LANKA AMBASSADOR…CBI ANNOUNCES 5 DAY AUCTION WINDOW ACCESS FOR PILGRIMS FROM 21ST TO 25TH WITH $3,000 CAP…ANBAR PROVINCE GOVERNATE ANNOUNCE DESTRUCTION OF 85 BRIDGES FROM TERRORISM OPERATIONS…CBI REVOKES LICENSE AND SHUTS DOWN “BROKERAGE COMPANY” BANK DUE TO GRAVE CBI INSTRUCTION VIOLATIONS IN FOREIGN CURRENCY WINDOW ACTIVITIES…BASRA CALLING FOR 50& OF OIL LICENSING CONTRACTS FOR TRAINING THE UNEMPLOYED…BANK MANAGER ARRESTED IN KIRKUK FOR STEALING 60 BILLION DINARS…SADR CALLS FOR PROTECTION & NON AGGRESSION OF HOMOSEXUALS…IRAQ & IRAN FORM COMMITTEES TO PROTECT THE COMMON BORDER…IRAQ NEAR TOP OF WORLD RANKINGS IN PHILANTHROPY DESPITE HARSH DOMESTIC CONDITIONS..,.IRAQI COURTS RECORD 4,100 DIVORCES AND 16,000 MARRIAGES OVER PAST MONTH…AMERI THREATENS TO WITHDRAWAL TROOPS ON ALL FRONTS IF BADR NOT AWARDED INTERIOR POSITION…
SECURITY
REPORTS OF PESHMERGA PREVENTING IRAQI FORCES FROM ENTERING CERTAIN DRUNKEN AREAS FOR PREPARATION MOSUL OFFENSIVE & HOLD A NUMBER OF IRAQI SOLDIERS…32 ISIS ELEMENTS KILLED AND 2 VILLAGES LIBERATED SOUTHWEST OF SABA REPORTS JOINT OPERATIONS COMMAND…INTERNATIONAL COALITION BOMBS 35 OIL TANKER VEHICLES NEAR QUARRAYAH…US WARPLANES BOMB 19 ISIS LOCATIONS IN SIRTE…IRAQI F-16 AIRCRAFT CARRY OUT BOMBINGS OVER HAWIJA…IRAQ RENEWS ITS CALLS FOR TURKEY TO REMOVE ITS TROOPS FROM NORTHERN MOSUL…DOZENS OF ISIS ELEMENTS KILLED IN ISF AIRSTRIKE ON BORDER TOWN WITH SYRIA IN NORTHERN IRAQ…US OFFICIALLY CALLS FOR PESHMERGA TO WORK UNDER ISF AUTHORITY FOR MOSUL LIBERATION OPERATIONS…ISF AIR FORCES RELEASE MILLIONS OF LEAFLETS OVER SHARQAT & QARRAYAH…ISIS EXECUTES 14 CIVILIANS BY DROWNING IN CAGES IN CENTRAL MOSUL…
PARLIAMENT
ZEBARI PRESENTS 2017 DRAFT BUDGET LAW TO COUNCIL OF MINISTERS $90 BILLION DOLLARS WITH OIL AT $35 AND 20% DEFICIT…OBEIDI BEGS POLITICAL BLOCS TO FOIL ANT ATTEMPTS PUT UP WITHDRAWAL OF CONFIDENCE AGAINST HIM…ABADI ANNOUNCES PLANS TO SUBMIT NAMES FOR INDEPENDENT BODIES TO PARLIAMENT…DEPUTY CHAIRMAN OF IRAQ ECONOMIC & INVESTMENT COMMITTEE HARTHI STATES AMENDMENT ACT NO.13 (2006) WILL CONTRIBUTE TO LOCAL INDUSTRY AND INCREASE REVENUES BT BROADENING THE TERMS & OPENNESS FOR THE INTERNATIONAL INVESTOR WHILE ASSURING FOREIGN INVESTMENT ENCOURAGES NATIONAL INDUSTRY YIELDING HIGHER QUALITY & MORE COMPETITIVE GOODS IN THE MARKET AND WORK TO OVERCOME DIFFICULTIES IN FRONT OF INVESTORS AND PROVIDE PROPER ENVIRONMENT ENSURING THEIR SUCCESS….MP BADRI REFORM FRONT THAT THERE ARE MINISTERS EXTORTED BY CORRUPT OFFICIALS TO PAY TO EJECT PRISONERS THROUGH CONTINUED OBSTRUCTION OF THE AMNESTY LAW…PARLIAMENT INTEGRITY NOURI WARNS ABADI OF QUESTIONING & ATTACHABLE TO MOD OBEIDI IN CASE HE REMAINS STICKING TO SUPPORT OF THE CORRUPT MINISTER…
INVESTMENT/ECONOMY/BUSINESS
OIL BREAKS $50 BARRIER AT $50.05…COMMERCE MINISTRY ANNOUNCE RELEASE OF FARMERS DUES FOR YEARS 2014 THROUGH 2016 FROM GENERAL COMPANY FOR GRAIN TRADE..MINISTER OF CONSTRUCTION HOUSING & PUBLIC WORKS OSEI ASSERTS THE DEVELOPMENT OF LIBERATED AREAS WILL DOMINATE THE ACTION PRIORITIES IN 2017 BUDGET…ANBAR GOVERNOR AL-RAWI ANNOUNCES THE COMPLETION OF FINAL STAGES OF AGREEMENT WITH CONSORTIUM OF US & KOREAN COMPANIES FOR LARGEST DEVELOPMENT PROJECT IN IRAQ TO BUILD A MODERN COMMERCIAL CITY OVER 10 YEARS STARTING 2017 SPANNING 40 MILLION SQUARE METERS CREATING MORE THAN 10,000 JOBS WITH PRIVATE SECTOR FUNDING & DEVELOPMENT PROJECTS 1ST PHASE 17,000 HOUSING UNITS, 2ND PHASE 28,000 HOUSING UNITS FOR 171,00 PEOPLE AND 3RD PHASE A 9 MILLION SQ METER LOGISTICS CENTER WHILE DECLARING ISIS GANG TERRORISM IS OF THE PAST AND “ANBAR’S FUTURE WILL ERASE THE TRAGEDIES OF TERRORISM” OFF OF RETURN VISIT TO US WITH OTHER IRAQI OFFICIALS TO DISCUSS INVESTMENT OPPORTUNITIES IN IRAQ…NEW OIL MINISTER LUAIBI ASSERTS IRAQ’S COMMITMENT TO INCREASE PRODUCTION GOALS WHILE CONTINUING TO WORK WITH OPEN ON QUOTAS & IRAQ’S 14% OPEC POSITION…ISX CLOSES UP 0.71% TO 566.38 UP 3.97 POINTS FROM WEDNESDAYS TRADING AGAIN DRIVEN BY BANKING SECTOR…OIL MINISTER ANNOUNCES INTENTION OF COMMITMENT TO PROVIDING NECESSARY OIL FOR ELECTRICAL GENERATING SYSTEMS TO MAINTAIN OUTPUT GOALS…
ARTICLE 1
Anbar governor reveals an agreement to build a modern, commercial city in Habbaniyah
Anbar governor revealed Suhaib al-Rawi, said Thursday, after returning from the United States, for the completion of the final stages of an agreement with a consortium of international companies from Korea and the United States to build a modern, commercial city in terms of investment Habbaniyah manner.
The governor said at a news conference in Baghdad, according to a statement, “Nur News” received a copy of it, that “Daesh gangs has become one of the past and the future of Anbar will erase the tragedy caused by terrorism,” stressing at the same time to “redouble efforts to restore stability and the reconstruction of liberated areas and organize the voluntary return of displaced people to their areas pan, and provide all the services to them. ”
And draws the narrator, as “sincere appreciation for all the efforts that have contributed in the liberation of the province, and provide corridors and safe havens for the displaced, actors and the efforts of the central government and the teams to maintain and volunteers and tribal community events, in restoring stability and services.”
The governor of Anbar province, “the continuation of domestic and international action in coordination with the central government, the security file and displaced persons and restore stability, and to overcome all the difficulties in front of the return of civilian life of the province, and to ensure its security and economic prosperity.”
ANOTHER CITY…THIS ONE A MODERN COMMERCIAL CITY IN ANBAR WITH A CONSORTIUM OF PRIVATE SECTOR COMPANIES FROM THE US AND SOUTH KOREA..
THE STATEMENTS IN THAT ARTICLE ARE PROFOUND AND SPEAK DIRECTLY TO THE LEVEL OF GLOBAL CONFIDENCE IN IRAQ’S ECONOMIC PRESENT & FUTURE….
ANBAR GOVERNOR AL-RAWI ANNOUNCES THE COMPLETION OF FINAL STAGES OF AGREEMENT WITH CONSORTIUM OF US & KOREAN COMPANIES FOR LARGEST DEVELOPMENT PROJECT IN IRAQ
TO BUILD A MODERN COMMERCIAL CITY OVER 10 YEARS STARTING 2017 SPANNING 40 MILLION SQUARE METERS (15.5 SQ MILES)CREATING MORE THAN 10,000 JOBS WITH PRIVATE SECTOR FUNDING & DEVELOPMENT PROJECTS 1ST PHASE 17,000 HOUSING UNITS, 2ND PHASE 28,000 HOUSING UNITS FOR 171,00 PEOPLE AND 3RD PHASE 9 MILLION SQ METER LOGISTICS CENTER WHILE DECLARING ISIS GANG TERRORISM IS OF THE PAST AND “ANBAR’S FUTURE WILL ERASE THE TRAGEDIES OF TERRORISM” OFF OF RETURN VISIT TO US WITH OTHER IRAQI OFFICIALS TO DISCUSS INVESTMENT OPPORTUNITIES IN IRAQ…
ARTICLE 2
Iraq claims at a rapid pace to restore confidence in the banking sector
SO HERE WE HAVE AN IRAQI BANKING SECTOR STATUS OVERVIEW BY NASIRI THAT OUTLINES IRAQ’S RAPID PACE OF RESTORING CONFIDENCE TO THE BANKING SECTOR THAT WILL PRE-DELIVER THE INTENDED RESULTS FROM THE 5 YEAR STRATEGY…HE IDENTIFIES ACTION TO INCREASE PROPORTION OF SAVINGS IN THE BANKS TO THE PROPORTION OF COMPACTNESS OUTSIDE THE BANKS AS SAVINGS 23% TO COMPACTNESS 77% IN ADDITION TO PRO-ACTIVE STRUCTURAL & TECHNICAL FOUNDATIONS…HE OUTLINES NEED TO REVIEW BANK PERFORMANCE THROUGH EVALUATION & RECLASSIFYING WEAK BANKS IN NEED OF CBI INTERVENTION…RESTRUCTURE & PROTECT INT’L COMPANIES AGAINST BANKRUPTCY & SUPPORT BANKS THAT HAVE BEEN IMPACTED BY ISIS ACTIVITIES…AS WELL AS FINDING ALTERNATIVES TO THE CURRENCY AUCTION WINDOWS & LEAVE THEM ENTIRELY…
STRESSES NEED TO STRENGTHEN CBI INITIATIVES FOR FUNDING SME’S & REVITALIZING THE ECONOMIC CYCLE…DIVERSIFYING BUDGET RESOURCES TO ACHIEVE BANKING REFORM IN ACCORDANCE WITH CBI 2016-2020 STRATEGY AND PRACTICES…
HE DEMANDS TO COMMISSION A SPECIALIZED NEUTRAL INTERNATIONAL FINANCIAL ANAYSIS TEAM TO ASSESS BANKING ADMINISTRATIVE & CREDIT EFFICIENCY WORKING OFF OF THE TEMPLATE OF 2013-14 US ASSESSMENT RESULTS TO WORK IN CONJUCTION WITH CBI CONTROLLED CENSORSHIP OF ELECTRONIIC FIELD & PROGRAMMER TEAMS THAT IDERNTIFY ERRORS & IRREGULARITIES & EXCESSES OF THE EXECUTIVE DEPARTMENTS AND POWER TO MAKE CORRECTIVE ACTIONS THAT ENSURE FUNDENTAL CHANGE OF APPROACH TO BANKING REFORM…
NASIRI ALSO TALKS ABOUT CBI DECISIONS CONCERNING CONTROLS OF NOMINATING MEMBERS OF BOARD & STAFF LEADERS AND THEIR FOCUS ON STAFF PROFESSIONAL COMPETANCIES…INTEGRITY FUNCTIONS…PERSONAL,COMMERCIAL & SPECIALIST EXPERTISE…
AND APPLICATION OF STRATEGIC OBJECTIVES TO ACHIEVE FINAL GOALS OF THE 5 YEAR PLAN…AS WELL AS 23 “SUB GOALS” TO ACHIEVE FINANCIAL STABILITY & CONSOLIDATION OF THE FINANCIAL SYSTEM INCLUDING INSTITUTIONAL AND STRUCTURAL SECTOR REFORM WHICH NOW SEES 8 BANKS WITH EXCESS OF 500 BILLION IQD TO ENHANCE LIQUIDITY AND RESPOND TO DEPOSITOR REQUESTS & NEEDS…
ALL BEING DONE IN ACCORDANCE WITH CoM & HOR CALLS FOR COMPREHENSIVE & FUNDAMENTAL CHANGES TO ACHIEVE FINANCIAL STABILITY AND ORGANIZATIONAL STRUCTURE TO ACTIVATE & INTEGRATE INTERNAL (DOMESTIC) & EXTERNAL (INTERNATIONAL) RELATIONSHIPS…
ARTICLE 3
Directed a parliamentary to overcome the obstacles to foreign investor
Deputy Chairman of the Committee of Economy & Investment Alnaabh, Harith al-Harthy, said Thursday that the World Bank loan will contribute to the development of local industry and increase revenue.
Harthi said in a statement that “the amendment Act No. {13} of {2006} ensures the investor economic areas wider in terms of work and openness to the country and local industry economy in order to be upgraded, especially that it was delayed for production and faded somewhat in the last period.”
He added that “foreign investment in the country will encourage the national industry through better put to the market, which creates a kind of competition, and thus will have positive returns on the economy,” pointing to “work to overcome the difficulties in front of investors and provide the right environment for them.”
He noted that “the World Bank, which was distributed at different rates on real estate and agriculture, investment banks loan it opening the doors of the local industry development projects open for those wishing to do so.”
He was a member of the parliamentary finance committee Haider al-Kaabi said a previous statement the {Euphrates News} “The World Bank loan granted to Iraq did not meet the actual need for a temporary solution to the crisis,” likely to “take advantage of the loan funds to meet the shortfall in salaries while the provision of the loan for the advancement of health and agricultural Balqtat and infrastructure.
The International Monetary Fund, and international partners, the World Bank had agreed to give Iraq a loan of {15} billion dollars.
DEPUTY CHAIRMAN OF IRAQ ECONOMIC & INVESTMENT COMMITTEE HARTHI STATES AMENDMENT ACT NO.13 (2006) WILL CONTRIBUTE TO LOCAL INDUSTRY AND INCREASE REVENUES BY BROADENING THE TERMS & OPENESS FOR THE INTERNATIONAL INVESTOR …
WHILE ASSURING FOREIGN INVESTMENT ENCOURAGES NATIONAL INDUSTRY YIELDING HIGHER QUALITY & MORE COMPETITIVE GOODS IN THE MARKET…
AND WORK TO OVERCOME DIFFICULTIES IN FRON OF INVESTORS AND PROVIDE PROPER ENVIRONMENT ENSURING THEIR SUCCESS…
THAT IS THE INVESTMENT LAW NO. 13 (2006) THEY ARE TALKING ABOUT AMENDING FOLKS!!…
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1332.823 | 1332.157 |
| British pound | GBP | 1537.546 | 1536.777 |
| Canadian dollar | CAD | 917.346 | 916.887 |
| Swiss franc | CHF | 1227.159 | 1226.546 |
| Swedish krona | SEK | 140.477 | 140.407 |
| Norwegian krone | NOK | 143.605 | 143.533 |
| Danish krone | DKK | 179.113 | 179.023 |
| Japanese yen | JPY | 11.761 | 11.755 |
| Special Drawing Rights |
SDR | 1656.218 | 1655.390 |