Word for the day…
Mrs. BGG
Iraqi Dinar/Dollar auction 02-16-17 (most recent listing)
Currency Auctions Announcement No. 3383
This daily currency auction was held in the Central Bank of Iraq on the 02-16-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 13 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 161,075,941 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 161,075,941 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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The difference between death and taxes is death doesn’t get worse every time Congress meets. – Will Rogers
*** Current News ***
A Dinar Round Table Call
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BGG (Dinar Guru) – Iraq NEEDS INTERNATIONAL ACCEPTANCE in the worst way – they don’t “self-determine” that…they have to garner such support. Who cares what you price your “product” (ie; currency) at – if no one will buy it? Saddam found that out the hard way…anyone recall what happened when the CBI went out and tried to peddle their first bond offering last year? WITHOUT INTERNATIONAL ACCEPTANCE? nothing…zip…crickets. why? they hadn’t quite met the mark just yet…and they were a little ahead of the game. Now – even this AM, we’ve got MP’s coming out saying there will be NO SECTARIANISM in Iraq ever again…they may not have it all figured out just yet – but they are getting feel of the song…and these vibes (from the world community) is what I said TO BANK ON… mainly because it’s the trend line I’m seeing in the News – period. No prediction needed. Iraq appears to have a few items to take care of yet… and they look like they are well on their way to giving the world community what they’ve been asked for.
Read More: http://www.dinarupdates.com/observer/
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Dinar Updates – “NEWS TIME” w/BGG & Company – Feb 19th 6:30pm CST – In the Dinar Updates CHAT Room!!
www.DinarUpdates.com – save as favorite
Massoud Barzani: We support al-Sadr’s efforts to cut off the hands of al-Maliki
Announced the presidency of the Kurdistan region of Iraq, on Wednesday, expressed support for the movements of the cleric Muqtada al-Sadr, the last to change the electoral commission, noting that al-Sadr seeks to “amputation of the hand,” Vice President Nouri al-Maliki and his aides.
The head of the Office of the Presidency of the Kurdistan region, Fuad Hussein, he followed in the “Sky Press,” that “the existing differences between the Shiites much larger than the subject of changing the Electoral Commission, and the differences between them may reach the level of a war.”
Hussein added that “al-Maliki is now doing all it can in order to return to power, and the return of al-Maliki, Iraq is heading toward a dark era, and the differences between the Shiites and the Kurds will be exacerbated.”
He pointed out that Hussein “Moqtada al-Sadr, wanted to amputate the hand of al-Maliki and his aides from now by changing the Electoral Commission, and this is not just about him, but that the Kurdistan Democratic Party, the strongest political party in the Kurdistan Region, bless these attempts chest.”
Skypressiq.net
Kaperoni (Dinar Guru) – Article: “Egypt: Inflation rose nearly 30 percent in January” IMO, Egypt only has tourism… Iraq has wealth way beyond oil, gems, gold, etc. If timed correctly I do not see the dinar going anywhere but up. The dinar is so grossly undervalued, even if they do not have fluid investment coming in, I believe the dinar still will rise substantially.
Read More: http://www.dinarupdates.com/observer/
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Iraq joins the Convention on transparency between investors and the States
{Baghdad: Euphrates news} NIC announced Wednesday, it signed the Convention on transparency in conventional arbitration between the investors and the 2014 States at United Nations Headquarters in New York.
The Commission said in a statement received {Euphrates news} copy today that her boss Sami Raouf Al-araji, representative of the Republic of Iraq last Monday at the Convention, where Iraq is second Arabic state accedes to this Convention that preceded it 18 country in the world.
The statement quoted relatives as saying that “this agreement is a clear and important message to the world that Iraq is a major centre in the middle ages and construction investment”, stating that “this Convention United Nations rights with transparency in the event of a conflict between investors and States”.
“Iraq has issued a number of legislation that works to protect the investor and capital to do business in the country, at the forefront of investment law number 13 year 2006 and amendments which carries a lot of features and protection for investors, as well as important bilateral and international conventions signed by Iraq and the number of States”.
Loop (Dinar Guru) – Article quotes: “Business in various countries around the world accomplish depends on the performance level of the institutions involved and the speed of service provided to the citizen and the company and of course here can be measured by the extent of the development of any country the world.” “the size of a large work is almost not available in all countries of the world” THIS IS WHAT IS ATTRACTING SO MANY COUNTRIES. Quote: “to be the basis of national duty starting a new phase reaches us safely economic“ IT IS THE DUTY OF THE GOI TO ENSURE THE IRAQ TRANSITIONS INTO THE NEXT ECONOMIC PHASE SAFELY. WHAT IS THAT PHASE? IMO… JOINING THE WORLD MARKETS.
Read More: http://www.dinarupdates.com/observer/
Iraq and Egypt agree to develop and activate economic ties and increased trade
Baghdad scales news – Egypt and Iraq, the two declared Thursday, agreeing to develop and activate economic relations and increased exchanges between the two countries.
The Commerce Ministry said in a statement received/balance news/copy, that “Egypt reiterated its firm position in support of Iraq in the face of terrorism and freeing the rest of Iraqi territory control terrorist organizations, in order to return Iraq to exert economic and political role effectively and influential role in the region and the world”, noting that “it came during a joint meeting planning and Minister of Commerce collection agency Salman jumaili and Brad Cain Egyptian Trade Minister on the sidelines of the Arab economic and Social Council held in Cairo.
Jumaili said, according to the statement, the meeting discussed possible trade cooperation between the two countries and activating economic and trade relations and effective operation of Rafidain Bank, as well as the possibility of activating the memorandum of understanding signed between the two countries for the supply of edible material within ration requirements.
“He added that “shore also discussed economic and trade issues of common interest and the desire to increase the volume of trade between the two countries and the possibility of genuine partnerships between the private sector and Egyptian”.
Meanwhile, Egyptian Trade Minister, expressed his country’s desire to develop economic relations with Iraq under the trade protocol, which will include new sections on bilateral cooperation, which opens new perspectives contribute to increased exports and increased experience and participation in investment projects by Egyptian companies that wish to enter the Iraqi market after restoring security and stability in all regions of Iraq and eliminate terrorism.
“He noted, “the importance of activating the agreements and memoranda of understanding signed between the two countries and display facilities for the entry of Egyptian goods and exemption from taxes in Tehran.”
Read More: http://www.dinarupdates.com/showthread.php?46580-Iraq-and-Egypt-agree-to-develop-and-activate-economic-ties-and-increased-trade
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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…)
THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.
We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.
BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
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I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…
1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.
2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “overtime” now.
3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.
I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.
4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..
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| 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 |