Word for the day…
Mrs. BGG
Iraqi Dinar/Dollar auction 01-19-17 (most recent listing)
Currency Auctions Announcement No. 3363
This daily currency auction was held in the Central Bank of Iraq on the 1-19-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 160,461,658 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 160,461,658 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
______________________________________________________________
In most things success depends on knowing how long it takes to succeed. – Charles-Louis De Secondat
*** Current News ***
RCookie has passed away. The Dinar Community has lost a great one.
We have opened up a Memorial Fund for the Family
Robert Cook was tireless in his support of the entire Dinar Community. His effort, his contribution and his spirit will be greatly missed. This memorial fund is an expression of our gratitude. It will be used for floral arrangements and minor expenses prior to his funeral… The rest will be turned over to the family for final expenses and other – as they see fit.
Donate Here: https://www.gofundme.com/robert-cook-memorial-fund
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – Jan 19th 6:30pm CST – In the Dinar Updates CHAT Room!!
www.DinarUpdates.com – save as favorite
The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG
Robert Cook CSW CSS CBP CST CTC
Iraq:
If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.
DayTrader
IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)
Breitling (Dinar Guru) – The currency reset? what the hell is that? It doesn’t even exist and people are buying dinar because of it? If you’re going to get into an investment get in for the right reasons. With that said…I back every single thing I say, every number that I watch…It comes from the CBI, the Ministry of Planning, the Ministry of Finance and Parliament. You can’t get around it. They are the ones who are saying they are going to add value to the currency…not me. I’m just following it. It’s not like one day I just woke up and said I should go out and buy dinar…Iraq has the ability to add value to their currency and they have the ability to do exactly what they said they are going to do…get their currency to a buck. [Post 1 of 2]
Read More: http://www.dinarupdates.com/observer/
DU Call – “Homage to RCookie!!”
from Tues – Jan 17th
w/Hutch, Mr White, BGG & more!!
Click-N-Listen (link below)!!
Smart phone user link – Click here
Breitling (Dinar Guru) – …With the Iraqi dinar I stand by the numbers. The numbers say they’ve reduced the note count. They said they are going to add value to their currency. They have all the opportunity in the world to add value to their currency. They are not a 3rd world country like people think they are. They were in trouble and are in trouble and in financial chaos because of geopolitics. Can they get out of it? Sure. I personally think they can. I think they will. Can they get their currency back to the original value before Saddam Hussein started screwing with it? I think they can. That’s why I invested in it. That’s why I speculated and say I think they can do it and gamble on this. [Post 2 of 2]
Read More: http://www.dinarupdates.com/observer/
10.2% growth rate over the Iraqi economy in 2016
Baghdad / term – The World Bank declared that Iraq’s economy has achieved a growth of 10.2% over the past year because of the large increase oil production, and expected that the Iraqi economy will grow this year by 1.1%.
The bank said in its annual report on growth in the Middle East and seen by the “long” “The estimates show that the growth rate in the Middle East and North Africa fell to 2.7% in 2016 due to the fiscal consolidation in some countries, constraints and restrictions on the measures oil production in other countries. ”
The World Bank said that “the growth rate declined sharply in the Gulf Cooperation Council countries to 1.6% with the extension of the effects of the weakness of the oil sector to the non-oil sectors,” explaining that “growth has accelerated in Iran to 4.6% and in Iraq, to 10.2% thanks to big increases in production oil, and in Iran thanks to the recovery of the agriculture sector, and car production, trade, and transportation. ”
He noted the World Bank report that “in terms of oil-importing countries, the growth rate in Egypt decreased slightly to 4.3% in fiscal year 2016, as it faced manufacturing industries with qat due to lack of foreign currency, and declining tourism sector growth. It is estimated that the growth rate in Morocco dropped to 1.5% in 2016 due to the contraction of the agricultural sector caused by drought. ” He stressed that “the expected growth of the economy of Iraq during the current year of 1.1%.”
Read More: http://www.dinarupdates.com/showthread.php?45526-10-2-growth-rate-over-the-Iraqi-economy-in-2016&p=168214#post168214
______________________________________________________________
Loopster (Dinar Guru) – [Just curious if there is a purpose for why the CBI would put the banks through the process of selling the dollar on a large scale rather than change the value of the dinar first and negate the need for selling the dollar…any thoughts on that?] As Alak has said the selling of the dollars will continue at present. It is the way that their economy is functioning and to just stop it would collapse the economy. When the time is right to stop selling the dollars they will do so. It is a process and as anyone who is looking can see they implementing new measures everyday to to give themselves the greatest chance of success when they decide to do away with the imposed rate.
Read More: http://www.dinarupdates.com/observer/
______________________________________________________________
Be sure to join the Dinar Updates “private” FaceBook Group…
https://www.facebook.com/groups/571383766355188/
(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________
BGG ~ Still the biggest news of the day…
I just wish people would quit listen to [STUPID] – and imagining the worst. That is NOT WHAT HE SAID!! This thing is still ON!!
Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed
BAGHDAD / Tomorrow Press – The Central Bank, said on Sunday that there is full control of the Iraqi dinar, revealing that the deletion of zeros from the currency, deferred for the time being.
The governor of the bank, on the Keywords, for “tomorrow’s Press,” that “the rumors about the Iraqi dinar at risk and prone to degradation and decline in comparison with other currencies as dollar, is not true,” adding that “Msatralih dinar fully and that in progress.”
He added, “The Bank operates in accordance with the monetary and fiscal policies which are managed accurately and feminization and that the issue of preservation of the Iraqi dinar of the priorities of his interest, but it’s at the heart of his work.”
And on the application of the process of deleting the zeros of the Iraqi currency, Keywords, said that “the Iraqi Central Bank did not specify a date for the”.deletion of zeros from the currency dinar, noting that “subject to 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 fit when deciding deletion.”
Mr White ~ Alak is not speaking about the “project”, but is speaking about one piece, one segment of the entire project. The point is not the reduction of the note count, but the actual removal of the large notes from the currency following changes within the marketplace. He is saying that he does not know when that will be because the market conditions are not right/correct at this time.
Why is this? What condition is making it necessary for the large notes to be used in the market place? Answer; the costs of goods. The actual prices of the goods in the stores and shops. Alak is saying that until the conditions are correct he will not have a date for when the large notes will be removed.
What will change the conditions in the marketplace? What will change the prices in a marketplace that imports over 90% of its goods?
Answer; a dramatic change in the value of the currency that is used to pay for those goods.
This is what Alak, a banker, is referring to. Once the value of the IQD is increased and its effects percolate throughout the marketplace and the costs/prices in the marketplace begin to lower, then he will have a better forecast on the removal of the larger notes from the currency (Alak’s words).
Mr White
______________________________________________________________
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1229.584 | 1228.969 |
| British pound | GBP | 1455.018 | 1454.290 |
| Canadian dollar | CAD | 881.083 | 880.643 |
| Swiss franc | CHF | 1150.073 | 1149.498 |
| Swedish krona | SEK | 129.489 | 129.425 |
| Norwegian krone | NOK | 136.601 | 136.532 |
| Danish krone | DKK | 165.398 | 165.315 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1582.534 | 1581.743 |