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 11-28-16 (most recent listing)
Currency Auctions Announcement No. 3327
This daily currency auction was held in the Central Bank of Iraq on the 11-28-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 31 |
| Number of remittance companies | 14 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 150,918,243 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 150,918,243 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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We are not to expect to be translated from despotism to liberty in a feather bed. – Thomas Jefferson (this applies DIRECTLY to Iraq)
*** Current News ***
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BGG (Dinar Guru) – While Maliki is of little importance to the current situation – as in economic reform… it is HUGE that he’s been gradually minimized over the last year or two. Culminating in this “Law of Popular Crowds” being passed JUST YESTERDAY…this “Law of the Popular Crowds” …IT IS VERY IMPORTANT…this law brings the Shia Militias more under the control and purview of Abadi and the Central GOI. The fact of the matter is this – without Maliki being gone – NONE of this economic, political and monetary policy reform would be possible…Once Abadi took over – he’s had to chisel away at that “power base” a little at a time… [post 1 of 2….stay tuned]
Read More: http://www.dinarupdates.com/observer/
Iraq receives four billion dinars as a loan from the World Bank next month
Special News – Economic Adviser to the Prime Minister revealed the appearance of Mohammed Saleh, Sunday, that Iraq will receive four billion dinars as a loan from the World Bank, the start of the month of December next.
Saleh said, L / balance News /, that “Iraq will receive four billion dinars as a loan from the World Bank loans of the seven major industrialized nations and the European Union, the start of December next.”
He said economic adviser, said: “The loan is allocated to support the general state budget for the purposes of investment projects, which include support for various projects, including vital infrastructure destroyed and the rehabilitation and reconstruction of the affected areas,” .anthy 29 / A 43 areas
Here is a video by an Arabic Interpreter on the original article…
https://www.facebook.com/jeffery.brown.37/videos/1232976696741079/
BGG (Dinar Guru) – …at this point – Maliki is likely a non-factor…In fact…a couple of days ago…Maliki was attacked by SHIAS during the “haj” to Karbala…In laymans terms – his own people attacked him as a criminal and a thief!! Very telling as to the mood of the people in Iraq. It would also appear there is “broad support” for this rooting out of corruption and cleaning things up…So – while Maliki has likely been an economic non-factor for a while now – he clearly once was… AND as recently as YESTERDAY the final issue may well have been settled…they are moving ahead economically and financially – monetary reform is about all kinds of other things. [post 2 of 2]
Read More: http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) – Article: “Iraq receives four billion dinars as a loan from the World Bank next month” When I saw this one – my first thought was… 1) That is great… the WB pitching in (even if it IS only 4 million USD) means they are HEADED towards international “re-integration”… via IMF oversight and my second thought was…2) 4 million USD doesn’t seem like much (or less) – unless of course… it’s NOT REALLY 4 million? they quoted this number in Dinar (which they would – since it is in Arabic vernacular)…but that number may not be “exactly static”…Who knows what 4 Billion Dinar is worth then? 4 million doesn’t do much in the way of “reconstruction”… That article says Dinar… another one says USD… My point…it’s probably NOT 4 Billion Dinar at it’s current value. That would only be 4 Million USD – that’s about enough to “reconstruct” one really nice house…4 Billion – on the other hand… might be a start…
Read More: http://www.dinarupdates.com/observer/
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IMF Executive Board Calendar
https://www.imf.org/external/NP/SEC/bc/eng/index.aspx
Law for the Regulation of Commercial Agency No. (51) For 2000
Legislation Title: Law for the Regulation of Commercial Agency No. 51 for 2000
Category: Iraqi Law
Read More: http://www.dinarupdates.com/observer/
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Iraq’s Shiite Militias Get Formal Role in Armed Forces
Law puts more than 140,000 fighters under formal command of Iraq’s prime minister
By TAMER EL-GHOBASHY
ERBIL, Iraq—Iraq’s parliament on Saturday voted to approve a bill that formalizes the status of an array of mostly Shiite militias as members of the nation’s armed forces, bringing the controversial groups under closer government control.
The law, which has long been debated and opposed by some of the legislature’s Sunni blocs, puts the 141,000 militia fighters under the formal command of Iraq’s prime minister and affords them the same benefits as Iraq’s regular security forces. But it was unusually thin on provisions for a law designed to organize the growing presence and influence of the large armed units.
While the passing of the law will ostensibly increase government oversight of the forces, known as Popular Mobilization Units, it doesn’t address their command structure, which draws heavy support and ideological influence from Iran. The Iranian backing of the largest militias has prompted suspicion from the U.S., along with repeated accusations of battlefield abuses against Sunnis in areas where the militias have fought Islamic State.
The new bill calls on the militias to drop any political affiliations and act as a branch of the armed forces, but it wasn’t clear how Iraq’s leadership would untangle the PMU from their ideological backers.
Thousands of the Shiite fighters are also fighting in Syria, supporting the regime of Bashar al-Assad, but how the new bill affects their foreign missions wasn’t immediately addressed.
Iraqi Prime Minister Haider al-Abadi on Saturday welcomed the new legislation in a statement though his influence over the PMU remains unclear. Many of the larger militias are supporters of Mr. Abadi’s political rivals, including Nouri al-Maliki, his predecessor.
“The Popular Mobilization Units represent all Iraqi spectrums and defend all Iraqis wherever they are,” Mr. Abadi said.
The groups had been formed of mostly Shiite fighters in 2014 in response to a call by Grand Ayatolla Ali al-Sistani, the top Shiite religious cleric who is based in Iraq, following a sweeping campaign by Islamic State that saw the Sunni militant group take over nearly one-third of the nation.
Despite Mr. Sistani’s religious status, many of the Shiite militias have pledged fealty to Iranian Supreme Leader Ali Khamenei.
Some of the militias had already been in existence and actively fought the American occupation of Iraq that began in 2003. Others were formed in 2014 and their leaders have since become important political figures, holding seats in parliament and top positions in security ministries. The groups enjoy immense popular support among Shiites who saw them as a bulwark against Islamic State expansion.
The PMU have been paid by the Iraqi government since 2014 but had largely functioned as independent armed forces, sometimes leading battles against the militancy in majority Sunni areas like Tikrit.
A spokesman for the umbrella group said their numbers are closer to 141,000 with only 110,000 on the government payroll. Up to 30,000 fighters in the organization are Sunni, while fewer still hail from smaller ethnic minorities like Christians, Turkmen and Yazidis.
Sunnis severely distrust the militias after documented cases of sectarian revenge killings and abuse of people accused of being Islamic State supporters. Militia leaders have denied the abuses are systemic, calling them isolated incidents and pledging to curtail them.
Such allegations have led to the Shiite fighters being sidelined in the fight against Islamic State in Mosul, Iraq’s second-largest city with a Sunni majority. The PMU have been forbidden from entering Mosul and have been assigned a diminished role in securing the city’s western flank and cutting off Islamic State’s supply lines to Syria.
—Ghassan Adnan and Ali A. Nabhan contributed to this article.
http://www.wsj.com/articles/iraqs-shiite-militias-get-formal-role-in-armed-forces-1480173617
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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 | 1253.156 | 1252.530 |
| British pound | GBP | 1465.325 | 1464.593 |
| Canadian dollar | CAD | 877.506 | 877.067 |
| Swiss franc | CHF | 1170.181 | 1169.596 |
| Swedish krona | SEK | 128.180 | 128.116 |
| Norwegian krone | NOK | 138.196 | 138.126 |
| Danish krone | DKK | 168.438 | 168.354 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1599.837 | 1599.037 |