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) 08-21-16
Currency Auctions Announcement No. 3263
This daily currency auction was held in the Central Bank of Iraq on the 08-21-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 137,455,469 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 137,455,469 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
______________________________________________________________
Those who profess to favor freedom, and yet depreciate agitation, are men who want crops without plowing up the ground. – Frederick Douglass
*** Current News ***
______________________________________________________________
rcookie (Dinar Guru) – […I would think to pay foreign contractors their would need to be some sort of rate established.] THERE DOES…AND MORE IMPORTANTLY WHY THE IMF TASKED THEM TO OVERHAUL THEIR CREDIT REGISTRY AND RISK ASSESSMENT PROCESSES…NEED TO BE READY FOR THE INVESTMENT WHALES.
Read More: http://www.dinarupdates.com/observer/
Follow us on twitter @DinarUpdates !!
Don’t MISS – “DU NEWS TIME” w/BGG (and Guest??) in the DU CHAT ROOM – Sunday 7:30pm EST
www.DinarUpdates.com – save as favorite!
______________________________________________________________
Urgent: Dumping millions of leaflets and the Iraqi media to herald the end of Mosul Daesh
[Oan- Baghdad] – Threw threw the air force planes millions of publications and media on the Iraqi ailing swimming areas and ] advice Mosul city center herald the end of the population Daesh terrorist gangs.
A statement by the cell media Harbi received by all of Iraq [where] a copy of it, that the publications “tell the citizens that Daesh gangs has ended and lived her last days and they prepare to welcome the hordes of liberation for the elimination of all these criminal terrorist gangs”.
Read More: http://www.dinarupdates.com/showthread.php?39354-Urgent-dumping-millions-of-leaflets-and-the-Iraqi-media-to-herald-the-end-of-Mosul-Da
______________________________________________________________
BGG (Dinar Guru) – [lots of news…just cant believe how much has been going on in Iraq!] I can’t believe it either. In fact, one has to wonder when that “tipping point” is…when so much is done, so much is accomplished, their economy is in such a state the “grossly undervalued” price of the Dinar is doing them considerable economic harm…there was a time the currency imbalance worked for them – however, I think they are nearing this place where they would like it to be “upped”…The flip side of Iraq wanting their currency “upped” – is they aren’t the ones with the ultimate say…which brings us back to the IMF/UN being in such critical advisory roles. Iraq’s GOI has BEEN ON FIRE to get their democracy righted since January… what changed? IMF/UN oversight… there has to be some carrot…
Read More: http://www.dinarupdates.com/observer/
______________________________________________________________
Be sure to join the New Dinar Updates “private” FaceBook Group…
https://www.facebook.com/groups/571383766355188/
(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________
Kaperoni (Dinar Guru) – Article quote: “…the US panel competent to combat financial intelligence department personnel discovered 300 banking company and money transfer and 6 suspicious Iraqi banks operate offense laundering financial aid, noting that the committee has reached Baghdad…” IMO, time is of the essence to activate the banking system. That being said, this committee is there to clean up the mess so reforms can proceed.
Read More: http://www.dinarupdates.com/observer/
______________________________________________________________
Moves to reform the economic system
BAGHDAD – Muhannad Abdul Wahab – The Committee on the economy and investment representative, on Saturday, expressed its support for any project or proposal aims to increase the staff and the salaries of retired thoughtfully to coincide with the rise in oil prices, while showed that the increase in revenue supported the economic system in the country. Crude oil prices above $ 51 a barrel, on Friday, hitting the highest level in eight weeks by rising for the seventh straight session amid hopes that the producers agree on measures to support prices.
Senior agent for the oil ministry said earlier, Fayyad grace, that « the total production of oil for Iraq amounted to 4.7 million barrels per day, while exports amounted to 3.9 million barrels per day , a new record». He added in an interview with the grace I followed the «morning», that « the figures include all parts of Iraq , including Kurdistan, Kirkuk».
Efforts to reform the economic system
In a related development , said Chairman of the parliamentary Economic Committee Jawad al – Bolani, said that «Iraq is seeking to reform the economic system» , adding that «increase revenue supported the economic system, especially in light of the circumstances experienced by the country during the past two years».
Bolani In a statement to «morning» pointed out that «bonds launched by the government for compensation is extremely important process, which will help reduce pressure on the government and to left the pressures faced by the budget.»
He added that « the budget heavily indebted and there are approximately 4700 depends on certain financial abundance, which is for roads and health services project», calling for the state to »to take care of infrastructure projects of the country and if introduced new projects will have on the state money and trained staff which adds another burden on the budget in addition to the old burdens, so it must be subject to all incoming revenue to the government for study and planning ».
He Bolani, that « the increase of oil production will provide financial liquidity to complete stalled projects, which is one of the priorities of the government», adding that « the increase in employees ‘ salaries should be subject of study and planning for the stability of the real as an increase for employees and retirees and are planned and based on realistic signs, as the employees and retirees have rights to the state, so it is necessary to seek the planning and installation of developments in the process of production increases will benefit the employees and retirees ».
And that «it is necessary to increase interest in investments and facilitate mechanisms, especially as the country is governed Investment Law» noting that «increasing financial abundance will provide support for investment and bring global capital to Iraq.»
For his part , the researcher affairs strategic Rahim al – Shammari, told the «morning», a realistic view of the general situation of the state, in terms of approving the budget by the government in early, which will help to give ample time for deliberation and amendment with the House of Representatives, in order to start regardless operational and investment budgets on time, and that will not cause confusion in financial transactions in the country.
He predicted al – Shammari, said that « the increase in oil prices of recent days, came with the increase in production and export», returned those things b «excellent», to improve the financial situation of the state », Msttrda« but remain the reconstruction of areas affected by the problem of terrorism and the exchange of the armed forces which is locked war , two of the main problems in the country since the financial crisis ».
Support an increase in the salaries of employees and retirees
In turn, promised a member of the economic and investment commission parliamentary Nora Albjara, increase oil production to «good step», calling at the same competent authorities time to «a study and planning of a sober and consult experts, technicians and specialists to develop important scientific touches on the increase and that should be in the interest of the country ».
She said in a statement to «morning», that « the Commission supports any project or proposal submitted by the government to increase the salaries of employees and retirees and thoughtfully planned».
She Albjara, that « the budget submitted by the government confirmed on ensuring the rights of employees and retirees», noting that «deliberate increase oil production will help the country to overcome the obstacles they face».
______________________________________________________________
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
______________________________________________________________
DU NEWS RECAP by RCookie
SATURDAY AUGUST 21st, 2016
PARLIAMENT
PARLIAMENT LEGAL ASSERTS DRAFT AMNESTY LAW COVERS NOT ONLY IRAQI CITIZENS PRISONERS & CONVICTS…COALITION FORCES POLITICAL BLOC MP MASHHADANI STATES GENERAL AMNESTY WILL PASS A HEARING IN PARLIAMENT ON MONDAY AND BE PUT TO VOTE…NATIONAL ALLLIANCE MP ASSERTS ACCOUNTABILITY AND JUSTICE LAW WILL BE PRESENTED FOR VOTE ON TUESDAY 23RD AFTER ALL CONTENTIOUS ARTICLES AGREED UPON AND HAVING ALREADY RECEIVED ITS 2ND READING…IRAQI CABINET APPROVES 26 BILLION IQD ALLOCATION & DISBURSEMENT OF FUNDS FOR GENERAL SERVICES UPGRADE PROJECTS IN WASIT AND DIWANIYAH…PARLIAMENT LEGAL ASSERTS REDUCTION OF HOUSE MEMBERS DOES NOT REQUIRE CONSTITUTIONAL AMENDMENT…INTEGRITY REJECTS CRIMES OF CORRUPTION INCLUSION IN GENERAL AMNESTY LAW…ABADI SPOKESMAN SABRI ASSERTS THAT ABADI WILL RELEASE NAMES FOR REMAINING 3 CABINET POSITIONS IN THE NEAR TIMES…ABADI OFFICE SPOKESMAN ANNOUNCES THE ARRIVAL OF 21 INTERNATIONAL INVESTIGATORS TO BAGHDAD BY END OF AUGUST TO BEGIN INVESTIGATING FINANCIAL CORRUPTION FILES AS PART OF MoU WITH UNITED NATIONS AFTER SERIOUS EFFORTS BY POLITICAL BLOCS TO INTERCEPT THIS ACTION & INFLUENCING JUDICIARY AND INVESTIGATIVE ACTIONS TO QUESTION IMPORTANT FIGURES BY INTERNATIONAL EXPERTS 19 WESTERN 1 ARAB 1 JORDAN BEING GIVEN FULL ACCESS & FREEDOM RTO REVIEW RELEVANT DOCUMENTS OF THE CBI & FINANCIAL INSPECTORS OFFICE IN PURSUIT OF $361 BILLION IN MISSING STATE FUNDS FROM 2004-2014, AND COVERING ALLAWI, JAFAARI AND MALIKI REGIMES AND RELATED MINISTERS AND INCLUDE THOSE CURRENTLY RESIDING OUTSIDE OF COUNTRY…
SECURITY
30 ISIS ELEMENTS KILLED ON ALKRTAN REGION IN EASTERN RAMADI ISF AIR STRIKES…IRAQI ARMY JOINT SPECIAL FORCES DEMANDING MOSUL RESIDENTS NOT FLEE THE CITY….RUSSIA CALLS ON IRAQ TO SHUT DOWN AIRPORTS IN ERBIL & SULIMINAYAH SO TO CONDUCT MASSIVE ISIS OPERATION IN SRIA USING SURFACE TO AIR WEAPONS…45 ISIS ELEMENTS KILLED IN INT’L COALITION AIR RAIDS IN EASTERN MOSUL …UN CALLS FOR ALL PARTIES TO RESPECT ALL HUMAN RIGHTS IN MOSUL LIBERATION OPERATIONS…15 ISIS ELEMENTS KILLED IN ISLAND AREA EAST OF RAMADI…MINISTRY OF PEHMERGA DECLARES “OUR TROOPS WILL NOT FALL UNDER LEADERSHIP AND ORDERS OF THE FEDERAL GOVERNMENT”…19 LEADERS OF ISIS KILLED IN ISF AIR RAID IN MOSUL…INTERNATIONAL COALITION FORCES LAUNCH 28 SORTIES ON ISIS IN IRAQ AND SYRIA,,,ISF FORCES IN FINAL PREPARATION OF HUGE FIRESTORM AGAINST ISIS IN QARRAYAH…ISF AIR FORCES CONTINUE TO DROP MILLIONS OF LEAFLETS ON MOSUL & QARRAYAH…
GENERAL
NEW REPORTS THAT A MAJOR NEW OIL DEAL BETWEEN BAGHDAD AND ERBIL IS IMMINENT..NEW EDUCATION MINISTER ANNOUNCES PLANS TO UPGRADE UNIVERSITIES IN IRAQ….36 AIRLINE FLIGHTS AND 71 LAND USES DELIVERING PILGRIMS TO HOLY LAND THROUGH START OF 1ST WEEK CELEBRATIONS THROUGH ARAR BORDER POINT…REFORM FRONT SUBMITS REPORT THAT PRISONERS IN IRAQI JAILS COST GOVERNMENT $60 PER DAY…JABOURI VISITS TEHRAN TO MEET WITH SENIOR IRANIAN OFFICIALS AND FOREIGN MINISTER ZARIF TODAY TO DISCUSS SECURITY UPDATES BETWEEN GOVERNMENTS WITH ZARIF CONFIRMING IRAN’S POSITION TO STAND BY THE IRAQI GOVERNMENT…NEGOTIATIONS BETWEEN ANKARA & BAGHDAD STATE DEPARTMENTS TOWARD NEW INTELLIGENCE AND SECURITY COOPERATION…MINISTRY OF TRANSPORT KAZIM ANNOUNCE THE ESTABLISHMENT OF 1ST NATIONAL ACADEMY OF AVIATION IN IRAQ…IRANIAN FOREIGN MINISTER STATES “THE STABILITY OF IRAQ WILL ENSURE THE SECURITY OF THE REGION”…
BUSINESS/INVESTMENT/ECONOMY
GOLD AT 219,00 IQD TO THE WEIGHT…OIL AT $50.88…TRANSPORT MINISTER ASSERTS “WE WILL ENTER A STRONG INPUT TO SPEED UP THE ESTABLISHMENT OF THE PORT OF FAO” AND OPENING OF PROJECT OFFICE TO OVERSEE PROJECT PROGRESS…TAMIMI STATES NEED FOR BUDGET FUND ALLOCATIONS NEEDED TO RUN PARALLEL WITH PRIVATE SECTOR FUNDING FOR MARSHES DEVELOPMENT PROJECTS & SITE MANAGEMENT WITH MINISTRIES & STAKEHOLDERS AND COMMITTEE TO OVERSEE MARSHES PROJECT PLAN SUBMITTED…KIRKUK’S OIL EXPORTS UP TO 150,000 BARRELS PER DAY THIS WEEK…BASRA GENERAL COMPANY FOR IRON & STEEL GUARANTEE OF CONTRACTS FOR SUPPLYING 100 KM SPIRAL PIPING FOR PROVINCIAL OIL PROJECTS WITH THE COMPANY PRODUCTION NOW REACHING 200,000 TONNES PER YEAR… NORTH OIL RESUMES PUMPING 100,000 BARRELS OF OIL PER DAY TO CEYHAN PIPELINE IN TURKEY VIA KRG… SALEH SPEAKING ON 2017 BUDGET METRICS SOCIAL SPENDING TO BE A PRIORITY WITH 69% TOTAL SPENDING CAP & 32% OF INVESTMENT BUDGET FOR SERVICES WITH ASSISTANCE FROM IMF LOAN TO BE UTILIZED FOR HEALTH, EDUCATION, CARE FOR DISPLACED, SOCIAL CARE AND RATION CARD ESSENTIALS ALONG WITH ELECTRICITY, WATER AND SEWERAGE SERVICES PROJECTS…
______________________________________________________________
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1338.142 | 1337.473 |
| British pound | GBP | 1554.803 | 1554.025 |
| Canadian dollar | CAD | 925.245 | 924.782 |
| Swiss franc | CHF | 1233.434 | 1232.817 |
| Swedish krona | SEK | 141.099 | 141.028 |
| Norwegian krone | NOK | 144.837 | 144.765 |
| Danish krone | DKK | 179.816 | 179.726 |
| Japanese yen | JPY | 11.844 | 11.838 |
| Special Drawing Rights |
SDR | 1661.360 | 1660.529 |