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) 08-24-16
Currency Auctions Announcement No. 3266
This daily currency auction was held in the Central Bank of Iraq on the 08-24-2016
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$) | 133,364,925 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 133,364,925 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
______________________________________________________________
It takes considerable knowledge just to realize the extent of your own ignorance. – Thomas Sowell
*** Current News ***
Dinar Updates “After Call – LIVE”!!
“Immediately following News Time!!”
Thurs. 8/25 “After Call” – w/RCookie,
Mr White & Hutch
from 8/23 – Smart phone user link – Click here
______________________________________________________________
Enorrste (Dinar Guru) – Article: “Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market” The reason there is low liquidity in the markets in Iraq is because instead of using their dinars many people are holding them in their mattresses. Thus the CBI has been forced to raise the money supply, not because it wants to but because the economy would collapse otherwise. The introduction of the 50k and 100k notes is directed to solving this liquidity problem, not by just injecting new cash into the market…so that they can draw out the 25k notes from people’s mattresses. There is also a stated goal to have bills roughly equivalent to our $50 and $100 notes. If they are successful these new bills will draw out the 25k notes which will be destroyed… The result will be a reduction in the money supply back to 40 trillion dinars as the article states. This plan of introducing the larger notes has a goal of stopping the rise in the money supply…It is necessary because the people are not yet confident in using banks. [post 1 of 3….stay tuned]
Read More: http://www.dinarupdates.com/observer/
Follow us on twitter @DinarUpdates !!
Don’t MISS – “DU NEWS TIME” w/RCookie, Mr White and Hutch in the DU CHAT ROOM – Thursday 7:30pm EST
www.DinarUpdates.com – save as favorite!
______________________________________________________________
Enorrste (Dinar Guru) – Once the ball starts rolling and these 25k notes get pulled out then the value of the dinar can be allowed to rise (float). Until they get those notes out of circulation, however, the value cannot rise and won’t. If it did then all of the hoarders would become millionaires, which isn’t going to happen. So it is a process, and the introduction of the large notes is a part of the process to entice the people to give up their 25k notes. The reduction in paper by 2 to 4 times (each 50k removes 2 25k notes and each 100k removes 4 25k notes) will enable the CBI to then reduce the money supply by allowing the VALUE of money to rise. As it does rise the 100k note will become too valuable to hold in a mattress and people will put them in banks if for no other reason than for safety and security. Once there they will move to the CBI which will destroy them. [post 2 of 3….stay tuned]
Read More: http://www.dinarupdates.com/observer/
______________________________________________________________
Iraqi parliament lifted “accountability and justice” of today’s meeting agenda
Twilight News / decided the presidency of the Iraqi parliament lifted paragraph accountability and justice from the agenda of today’s meeting.
Iraqi Council of Representatives held its regular Tuesday the current legislative term, which will include reading and discussing several draft laws, notably the popular crowd Law Project, and the completion of a vote on the amnesty law in addition to the issue of withdrawal of confidence from Defense Minister Khaled al-Obeidi. And it includes the agenda of the meeting, complete the vote on the draft Aalloam law, but the chairman of the parliament decided this morning, lifting a paragraph vote on the draft accountability and justice and the prohibition of the Baath Party Act.
It also includes the procedures of Article 61 of the Constitution and rules of procedure regarding the questioning of the Minister of Defense. And also due to the parliament to vote on the proposed abolition of the dissolved Revolutionary Command Council Resolution Act (80) for the year 2000, the vote on the proposal to cancel the dissolved Revolutionary Command Council Resolution Act (213 of 2002), and to vote in principle to the draft Victims Justice Act. And it includes a session to vote on the recommendations concerning the obstacles to liberalization of Nineveh province, process, and report to the Security and Defense Committee about the terrorist bombing in the Karrada district, and the report of the Committee on the affairs of the member parliamentary development on the subject show lift the immunity of MPs requests.
The Council will discuss the general issue regarding the lifting of all the abuse on the marshes. (MP Sunrise Alabegi), with the first reading of a proposed law to the board of the popular crowd and the forces of him. (4 items), and the first reading of the draft accession of the Republic of Iraq to the Convention on the Conservation of Migratory Birds of African / Eurasian water.
As well as the parliament session included the first reading of the proposed law to amend the Penal Code No. (111) for the year 1969. (Commission Alemraeh, Family and Children, the Legal Committee), and the report and discuss the first draft amendment to the law of the Unified Retirement Law No. (9) for the year 2014. And it includes the meeting report and discuss the first draft amendment to the law take care of minors Law No. (78) for the year 1980, the report and discuss the draft law on ratification financial agreement relating to a loan of the World Bank submitted to the Republic of Iraq, signed on 03.02.2014 Law, and report and discuss the draft to exempt foreign companies and subcontractors Law foreign contractors in licensing rounds decades of fees. It also includes a report and discussion of the proposed Act to amend the Companies Act No. 21 of 1997 as amended, and the report and discussion of the draft accession of the Republic of Iraq to the Maritime Labour Convention of 2006 and the accession of the Republic of Iraq to the identity documents sailors No. Convention on the Law (185) for the year 2003, and the report and discuss a bill board Iraqi Atomic energy.
Read More: http://www.dinarupdates.com/showthread.php?39511-Iraqi-parliament-lifted-quot-accountability-and-justice-quot-of-today-s-meeting-agenda
______________________________________________________________
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!!)
______________________________________________________________
Enorrste (Dinar Guru) – This is the plan. It has been laid out clearly and logically for well over a year. We should expect that its implementation (the 50k came out 6 month ago) will continue until the CBI is ready to float the currency in early 2017 or slightly before. Once that happens the value of the dinar will rise and eventually the 200, 100 and 50 dinar notes will be circulated. By that time the 50k and 100k notes will have become history. [post 3 of 3]
Read More: http://www.dinarupdates.com/observer/
______________________________________________________________
Iraq: 21 international investigators to examine the prime ministers of corruption files
Baghdad – Informed government sources within the office of Iraqi Prime Minister Haider al-Abadi, “the new Arab”, the 21 international investigators will arrive in Baghdad at the end of this month to start an investigation into financial corruption files, based on a memorandum of understanding signed by the Iraqi government with the United Nations last week
This comes amid a great interception by Iraqi political parties considered the government’s move as casting doubt on the judiciary and allowing insulting the important figures in the country through her interrogation by international specialists. –
According to private sources in the office of Iraqi Prime Minister Haider al-Abadi, speaking for “the new Arab”, the international investigators, all Western, except for Arabic and one from Jordan, were given full freedom to scan files and documents and review the records and documents of the ministries and the central bank and the Financial Inspection Office in Baghdad, In light of the agreement with the United Nations last week.
The prime minister, Haidar al-Abbadi, a formal request from the United Nations assist in revealing the fate of the $ 361 billion is missing from the budgets of the country between 2004 and 2014, as well as the fate of the thousands of projects and investments in electricity, housing and agriculture sectors.
And in spite of the state spending on those sectors a total of $ 98 billion over ten years.
According to the same sources, the team awarded the investigation with the former prime minister, Iyad Allawi, the validity of illusion (2004 to 2005) and Ibrahim al-Jaafari (2005 to 2006) and Nuri al-Maliki (2006 to 2014), as well as former ministers.
The team will be able to investigate those responsible who are currently out of the country, thanks to the status of the UN team, which enables him so.
Efforts to fight corruption in Iraq since 2003, did not succeed, and even now, as reports indicate that the total thefts of public money in the country amounted to about $ 850 billion.
The cause of corruption in the institutions and departments of the Iraqi state in many of the security and economic problems, prompting thousands of Iraqis to get out in massive demonstrations demanding the submission of the corrupt to justice.
And demanded Iraqi politicians, on several occasions, bringing in experts and international investigators to uncover the files of corruption in the Iraqi government and its various institutions, to banish the specter of political and partisan armed and effects of the investigation, and to be fair and impartial and independent.
The office issued Iraqi Prime Minister Haider al-Abadi, a statement, last Thursday, in which he stated that “the Iraqi side signed a memorandum of understanding with the United Nations Organization, in order to bring in international investigators and the involvement of specialists, to detect large files of corruption in the country.”
This comes at a time when popular demands in Iraq continues to expose the corruption of large files, Kcefqat arms and explosives detectors and oil licensing rounds that has wasted billions of dollars from the state budget.
And facing the Iraqi Integrity Commission, specialized in exposing corruption files, accusations of not being serious in resolving those files and cover up the other by the jurists, politicians and protesters demanding the body need to resolve those outstanding issues after the detection of the Iraqi people and present them to justice.
Observers considered that the participation of international investigators in uncovering the corruption in Iraq comes in continuation of the political reforms launched by mid-2015, Iraqi Prime Minister Haider al-Abadi Following mass demonstrations demanded that the fight against corruption.
He was vice president, Iyad Allawi, earlier called for the need to bring in international investigators to uncover corruption in Iraq accumulated files and resolution and submit it to the Iraqi judiciary.
He said analysts and experts that the participation of international experts in the fight against corruption in Iraq is a very important step to detect corrupt files and find out the fate of the money looted from the country.
In this regard, he said Iraqi economist Salim al-Jumaili, for “new Arab”, “The government has an important step Abadi contract with the United Nations and international investigators to uncover corruption files in Iraq since 2003.
The investigations include money smuggling and smuggling of oil contracts and armament. ”
Jumaili said that “investigations involving phantom contracts concluded in the reign of the former prime minister, Nuri al-Maliki, and the operations of smuggling gold and the dollar, which the Iranian economy saved from collapse, and all the calculations of the Central Bank and money laundering.”
He pointed out that “the investigation will be long and will reveal the extent of corruption and remove the mask the true face of religious parties and leaders of the ruling economic and its arms.” He expressed the hope that the United Nations strict procedures, in order to prevent the corruption of international investigators or blur the results of the investigation for political or security purposes, and that the results announced in front of the Iraqi people and the world.
Many of the lawyers, experts and relies on international investigations to uncover the files of corruption in Iraq since 2003 and that caused the waste of billions of dollars of Iraq’s budget through successive governments, arguing that international investigations are best able to disassociate Bmhakekayaa for partisan political influences and buy Zmmanm, as is currently happening in Iraq.
And still hundreds of files relating to corruption belong to the military, security and economic aspects are stuck, are not exposed because of political pressure from the ruling parties and blocs in the country, with many political parties are trying to prevent pressure to open those files internationally, according to sources.
And assumed the political parties of the ruling companies, is responsible for the reconstruction of Iraq file, and the result was that the Integrity Commission has issued arrest of 22 ministers and 335 as general manager, all of whom belong to the current political parties that ruled the country, on charges of financial corruption and pass deals companies, local and foreign orders. But the political blocs were able to disable the arrest warrants against officials.
For his part, spokesman for the Iraqi government , Saad al – Hadithi, Iraq used the international investigators in the corruption files, and that the presence of those investigators will ensure impartial investigations and to get rid of the pressure that may be exerted on the Iraqi interrogator.
He pointed out that “the issue of corruption in Iraq spiky and very large and the accumulation of many years ago.” He said that “this note will work on the investigation of corruption cases a priority, there will be training and rehabilitation of the Iraqi competencies through these investigations.”
He attributed the causes of newborn hire investigators to Iraq pressure that might be exerted on the Iraqi interrogator.
______________________________________________________________
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 | 1340.270 | 1339.600 |
| British pound | GBP | 1557.994 | 1557.215 |
| Canadian dollar | CAD | —– | —– |
| Swiss franc | CHF | —– | —– |
| Swedish krona | SEK | —– | —– |
| Norwegian krone | NOK | —– | —– |
| Danish krone | DKK | —– | —– |
| Japanese yen | JPY | 11.805 | 11.799 |
| Special Drawing Rights |
SDR | 1662.448 | 1661.616 |