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 10-25-16 (most recent listing)
Currency Auctions Announcement No. 3304
This daily currency auction was held in the Central Bank of Iraq on the 10-25-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 151,616,307 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 151,616,307 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Bi-partisanship is when the Democrats and Republicans team up against the American people. – Will Spencer
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Coinciding with the victories of our security forces in Mosul. The Central Bank raised the dinar against the dollar
Central Bank officials confirmed yesterday that the Iraqi dinar price final price us dollar coinciding with victories of our security forces are advancing towards the liberation of the city of Mosul, the source said in a press statement singled out by the news that the Central Bank decided to raise the value of the Iraqi dinar against the US dollar financial mechanisms within its own policies stating that those mechanisms are subject to the principle of supply and demand in the domestic market. The source said the Iraqi dinar during the coming few days will witness a significant rise in the price of the US dollar.
BGG ~ Text from another version of this piece of news…
“The source, who preferred not to be named, said the Iraqi dinar will see over the next few days, a significant rise in price against the US dollar…”
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BGG (Dinar Guru) – I don’t know – how with the AVALANCHE of news lately – anyone can be anything be VERY optimistic.”
Read More: http://www.dinarupdates.com/observer/
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rcookie (Dinar Guru) – …LETS RECAP…WE HAVE THE IFC INVOLVED WITH IRAQ AND DEVELOPMENT PROGRESS...ADOPTION OF INT’L ACCOUNTING CONTROL STANDARDS…IBAN ROLLOUT AND IMF BANKING SUPERVISION CHECKLIST…BANKING REFORM AS THE BEGINNING OF ECONOMIC REVIVAL…ALNASIRI AND SALEH OUTLINING OF IRAQS PEACETIME ECONOMIC IDENTITY… ANNOUNCEMENT OF NEW 2018-2022 NDP…DEPOSIT INSURANCE ACT AND CBI SYSTEMIC LAUNCH OF DEPOSIT INSURANCE…AND INVESTMENT LAWS CONTRIBUTING TO RESETTLEMENT OF LOCAL FUNDS…THATS JUST THIS WEEK…WOW!!..
Read More: http://www.dinarupdates.com/observer/
Economic laws to secure new revenue for the state treasury
BAGHDAD / Farah pumice seeking for economic and investment commission to push for the adoption of new laws provide new income to the state treasury and is working to develop actually investment in the country. According to the Chairman of the Committee MP Ahmad al-Kanani, the Committee discussed at its last meeting, the drafts (draft census law for the purpose of lifting the second reading, the enterprise Agency Regulatory Act for the purpose of lifting the first reading a draft Iraqi Commission Act to adopt in order to submit it for the second reading, the draft second amendment to the Act Federation of Chambers of Commerce No. (43) for the year 1989 for the purpose of submission to a vote).
“The Committee in order to expedite the enactment of an economic and investment laws character addressed the relevant authorities in the government for the purpose of speeding up the completion of economic laws and the terms of the adjournment of the House of Representatives in order to acknowledge the shortest possible time.” Kanani said that “most economic laws, which allocates the Commission is very important legislation as they relate to the country’s economy and the development of fact, the investment and secure new revenue to the state treasury sources, as well as a project of Statistics Act, which delayed legislation period we see a very long and it is time to approval being will provide all the data upon which the government in the conduct of its affairs, preparation of future plans. ”
In the meantime, the House of Representatives is moving to approve the Financial Management Act, which regulates the financial matters of the state. Chairman of the parliamentary finance committee Mohammed Halbusi pointed out that “the law came for the purpose of organizing rules and procedures that financial and accounting management control in the field of planning and preparation, implementation, control and audit of the general budget of the Federal and directing all federal revenues to the public treasury to cover public spending.”
The law also works to “identify and units of internal control link from the administrative and technical standpoints and the development of mechanisms for the implementation of budgets and the commitment of both an executor and determine the responsibility of the Ministry of Finance in the implementation phase as well as setting specific dates for the submission of trial balances and closing accounts and commitment to the principles of the budget (budget transparency and comprehensiveness of the budget and the unity of the budget the annual budget and the lack of customization) when creating and implementing the federal budget and related matters to ensure the achievement of macroeconomic stability, financial stability and strengthen the budgetary resources and improve the efficiency and effectiveness of spending and ensure that cash management to optimize and improve the quality of the budget information provided to the House of Representatives and the citizens. ”
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rcookie (Dinar Guru) – Article: “Parliament postpones paragraph first reading of the draft first amendment to the Amnesty Law” Quote: “The House of Representatives decided today to postpone the first paragraph the first reading of the draft amendment to the Law of General Amnesty Law, to next Monday’s meeting.”
Read More: http://www.dinarupdates.com/observer/
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Parliament votes on its budget read law day 2017
{Baghdad: Euphrates news} – House resumes normal sittings, Monday, to vote on a Bill, read the Bill the general budget for next year.
A representative of the Agency said {Euphrates news}, that the agenda of the Parliament session today, includes a vote on a bill that the public body to control the allocation of federal revenue report and discuss the proposed law stipulates the popular crowd and subordinate forces. ”
He added, the table also includes “report and discussion of the draft law amending law decree number one atomic position filter Passport Act 1955 and the first reading of the draft law on the federal budget of the Republic of Iraq for the fiscal year 2017.”
The table also includes, according to the source, “the first reading of the proposal first amendment law of national card number three for the year 2016, the first reading of the draft law regulating the business.”
The speaker was Selim Jabouri, announced today the receipt of Parliament draft general budget for 2017, its inclusion on the agenda of today’s meeting.
Read More: http://www.dinarupdates.com/showthread.php?42855-Parliament-votes-on-its-budget-read-law-day-2017
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Iraq to the whitelist financially
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BAGHDAD – Tariq al – Araji , The testimony of the highest international working group it ‘s time to reap the fruits of the work done by the government of the reforms and the Central Bank of the economic measures, as it plans to highest international group to monitor the money moving internationally to get Iraq out of the gray white list to which confirm confidence of the world in Iraq financially.
Governor of the Central Bank on the Keywords said in a statement »Sabah»: the «central work on activating laundering office money and give him the powers of the administrative and fiscal conservative and full independence after undergoing rehabilitation capabilities of operations with international support and coordination with international organizations».
he said it was «expected to qualify this thing Iraq to get out of the black danger zone , which was threatened them to get out of the gray , which is currently classified where is warned area and move to white in January, according to the financial action Task Force (fatf) ».
and know FATF as« an intergovernmental body the task of studying the techniques and trends of money laundering and financing of terrorism, preparing and developing policies to combat money laundering and financing of terrorism , both domestically and internationally ».
Keywords noted that this step increases the confidence of the world in Iraq , financially and economically, in addition to contributing to reduce the fiscal deficit, indicating that it (Transitional) It came after government reforms and the central bank.
www.alsabaah.iq
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Iraq:
Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1287.316 | 1286.673 |
| British pound | GBP | 1446.768 | 1446.045 |
| Canadian dollar | CAD | 882.880 | 882.439 |
| Swiss franc | CHF | 1189.733 | 1189.138 |
| Swedish krona | SEK | 132.666 | 132.600 |
| Norwegian krone | NOK | 143.266 | 143.194 |
| Danish krone | DKK | 173.040 | 172.953 |
| Japanese yen | JPY | 11.372 | 11.366 |
| Special Drawing Rights |
SDR | 1623.607 | 1622.795 |