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.
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Mrs. BGG
Iraqi Dinar/Dollar auction 12-01-16 (most recent listing)
Currency Auctions Announcement No. 3330
This daily currency auction was held in the Central Bank of Iraq on the 12-01-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 149,564,455 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 149,564,455 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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There is one source, O Athenians, of all your defeats. It is that your citizens have ceased to be soldiers. – Demosthenes
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rcookie (Dinar Guru) – JUST READ THIS HEADLINE… “Jubouri: Parliament ongoing legal legislation in which they can change the reality of this country“ NUFF SAID…
Read More: http://www.dinarupdates.com/observer/
Speaker of Parliament adheres to pass the budget session today, even if held an extra session
East News – A parliamentary source revealed, on Thursday, on the insistence of House Speaker Salim al – Jubouri, to pass a federal budget law during today ‘s meeting.
The source said in Tbart to’alcherqah News’, said that ‘Parliament Speaker Salim al – Jubouri, adheres to pass a federal budget for the 2017 law during the parliamentary session for the day, so that was an extra session was held in the evening.’
Alsharqiaa.com
Kaperoni (Dinar Guru) – Article: “Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros” Quote: “…the bank will start applying the certified standards internationally in this regard the beginning of December next, with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard.” …the CBI is stating, were not ready to delete the zeros yet, but we are moving the banking system forward to engage with the global banking system. Does anyone see the importance of this? It is another clear sign that the CBI has no intention to LOP the dinar. If they did, they would certainly do it prior to bringing the world’s financial system into play. Stating it as they do, IMO only confirms that they intent to raise the value of the dinar as we have stated for years.
Read More: http://www.dinarupdates.com/observer/
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rcookie …ALAK….SALEH AND FINANCE COMMITTEE MEMBERS HAVE OUTLINED 7 LAWS IN ADDITION TO THE INVESTMENT LAW AND OTHER ECONOMIC & FINANCIAL ACTS IN NEED OF AMENDING…
1. CENTRAL BANK LAW NO. 56 (2004)
2. FEDERAL BANKING LAW NO. 94 (2004)
3. COMPANIES LAW NO. 21 (1997)
4. IRAQI STOCK EXCHANGE LAW NO. 74 (2004)
5. FINANCIAL ADMINISTRATION ACT
6. INTEGRITY COMMISSION ACT
7. PFM LAW AMENDMENT & INCORPORATION TO 2017 BUDGET LAW
Read More: http://www.dinarupdates.com/observer/
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Parliamentary Finance re – codification of the final draft of the budget law
BAGHDAD – The Journal News – Parliamentary Finance Committee began re-codification and tabulation draft of the budget bill, again to put to the vote in the parliamentary session on Thursday.
The committee member said Abdul Qader Mohammed in a press statement, Wednesday that the overall budget debate is over, and has reviewed and changes to the items that were added to the paragraphs of the draft budget law.
He noted that the remaining part we only have regard to the new proposals, which will be added to the budget later after a meeting of leaders of blocs and the Presidium of the parliament with the committees concerned.
He added that the Finance Committee began re-codification and tabulation draft of the full budget of the new exposure draft in the parliament session on Thursday, noting that the committee will be handed a copy of the final draft of the budget to the political blocs to show recent observations and the possibility of adding them before the voting session date.
He said the budget received from the compressed and reduced government basically, did not find an outlet appropriate parliamentary committee that can put its mark on the legislative bill.
The House of Representatives postponed a vote on the draft general budget of the federal law in 2017 to its slated for Thursday, until the completion of the terms of the Finance Committee bill discussions.
Read More: http://www.dinarupdates.com/forumdisplay.php?16-DU-Daily-Chat-Log
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Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros
Long-Presse / Baghdad – The governor of the Central Bank and the Agency on the Keywords, on Wednesday, that the agreement signed by the United States aims to cut off funding for the organization (Daesh) and other “terrorist organizations and prevent money laundering,” and pointed out that the bank will start applying the certified standards internationally in this regard the beginning of December next, with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard.
Ali said the Keywords, in an interview to the (long-Presse), “The first agreement of its kind between the Federal Reserve Bank and the US Treasury on the one hand and the Central Bank of Iraq, on the other hand, entered into to control the dollar remittances and ensure the prevention of access to illicit destinations,” noting that those “The agreement includes cooperation, coordination and exchange of information and financial data relating to the sale of foreign currency and circulation.”
He added Keywords, “The agreement aims to prevent the arrival of foreign currency to Daesh and terrorist organizations, by ensuring and verifying that the financial and banking institutions that you purchase does not involve money laundering or terrorist financing,” adding, “The control mechanisms include a number of the most important procedures , building databases and integrated electronic system that collects dollar selling window operations rather than paper processes. ”
He said the central bank governor and the agency, that “mechanisms also include the introduction of a program (OFAC List) to verify that the persons and entities prohibited to deal with them globally and to ensure that their entry into dollar selling window, where already been implemented,” pointing out that “mechanisms also include work on the application standards and international compliance requirements, particularly in the application of the principle of know your customer to verify the sources of funds and legitimacy, where he was informed banks and the conversion of these requirements, where censorship is taking place and oversee the implementation and training and qualification of cadres working. ”
He Keywords that “the bank has provided financial Labour Organization (FATF) action taken to combat money laundering and financing of terrorism,” stressing that “the actions taken by the Central Bank of Iraq, which led to eject Iraq from Category gray of the organization.”
Keywords and pointed out that “the Bank Enter accredited international standards by an international auditing firm for the classification of financial and banking institutions, including ensure compliance with the requirements of the compliance of the law against money laundering and terrorist financing for the year 2015, where it will be applied to the beginning of December next.”
And on the application of the process of deleting the zeros of the Iraqi currency, confirmed the Keywords, that “the Central Bank of Iraq has not set a date for the deletion of zeros from the currency dinar,” noting that “It is dependent on the availability of appropriate conditions, including the general stability in the country.”
He stressed the central bank governor and the agency, the need to “ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical formatted when deciding deletion.”
The economists see, that the deletion of zeros from the Iraqi currency trend “sensitive and dangerous” in a situation where the country is going through, and while others stressed that the process is left to the decision of the Central Bank of Iraq only for being on the monetary policy of the country, lawmakers stressed the need to be the process of deleting zeroes in accordance with the proper procedures and techniques.
Iraq has signed in the (29 August 2016) was the first agreement of its kind between the Federal Reserve and the US Treasury on the one hand, and the Central Bank of Iraq, on the other hand to monitor the dollar shipments and ensure the prevention of the arrival of these funds to illicit destinations.
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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 | 1257.057 | 1256.428 |
| British pound | GBP | 1471.826 | 1471.090 |
| Canadian dollar | CAD | 880.381 | 879.941 |
| Swiss franc | CHF | 1165.336 | 1164.753 |
| Swedish krona | SEK | 129.029 | 128.965 |
| Norwegian krone | NOK | 139.379 | 139.309 |
| Danish krone | DKK | 168.951 | 168.867 |
| Japanese yen | JPY | 10.517 | 10.512 |
| Special Drawing Rights |
SDR | 1600.144 | 1599.344 |