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…
Psalm 34:8 (NKJV)
8 Oh, taste and see that the Lord is good;
Blessed is the man who trusts in Him!
Heavenly Father, You are Good! We trust in You 🙂 In Jesus Name, Amen.
Mrs BGG
Iraqi Dinar/Dollar auction (from) 10-15-15
Currency Auctions Announcement No. 3054 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 10-15-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 21 |
| Number of remittance companies | 9 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 191,586,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 191,586,000 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
______________________________________________________________
Without a theory the facts are silent. – Friedrich Hayek
*** Current News ***
Follow us on twitter @DinarUpdates !!
Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Friday evening at 7:30pm EST!!
www.DinarUpdates.com – save as favorite!!
______________________________________________________________
Allawi calls for the convening of a national conference to adopt a roadmap for reform
(Independent) … National coalition leader Iyad Allawi suggested the convening of a national conference in the proper place and the Secretary and prepare a table to him, extending over two or three days, for the adoption of a road map to be a handy tool to get out “of the abyss where we are,” which requires “the participation of everyone, and consultation with all partners and involve them in key decisions. “…
rcookie – ALLAWI SHOULD BE LOOKING FOR THE NUMBER TO CALL FOR ONE OF THE NEW EMPLOYMENT CENTERS FOR A JOB…AND A GOOD DEFENSE ATTORNEY FAMILIAR WITH THE “WHERE DID YOU GET THIS” DEFENSE STRATEGY!!
DinarUpdates.com Round Table Chat 10-14-15 PM Part 1 of 2
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
WELCOME TO DINARUPDATES.COM FOR ROUND TABLE w/BGG
BGG: Is everyone ready for Round Table??
BGG: Let’s focus on some fundamentals today…
BGG: Parliamentary Finance reveal Iraq Federal Reserve: $ 59 billion and 90 tons golden
BGG: Special scales News – He revealed the decision parliamentary Finance Committee Ahmed flesh, Wednesday, for the existing Iraqi state treasury federal reserve money, noting that it is of the approximately $ 59 billion, and that the gold reserves of 90 tons…
BGG: Not to belabor this particular point…
BGG: However, ask yourself – why is the Finance Committee the one pushing this “stability agenda”???
BGG: Very curious if you ask me…
BGG: in fact, I wonder if they aren’t setting up to “take over the levers” – so to speak…
Read More: http://www.dinarupdates.com/showthread.php?22456-Bgg-roundtable-10-14-15
______________________________________________________________
For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…
http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
(Please note – we are posting daily News Articles slightly differently now)
______________________________________________________________
Economist: central bank issued gold bullion to withdraw cash liquidity from the market
Special – scales News – Stressed the economic expert on behalf of Jamil Antoine, Wednesday, the Central Bank of Iraq issued an alloy of gold for sale, to withdraw cash liquidity from the domestic market.
He said Antoine L / scales News /, “The central bank issued alloy of gold weighing grams and five grams to withdraw cash liquidity of the domestic market and one of these methods to withdraw liquidity from the market.”…
BGG ~ Whaaaaaa??? Why would they want to take liquidity OUT of the marketplace???
“Round Table” Dinar Call!!
“for Dinar News – that MATTERS!!”
from Thurs afternoon
Smart phone user link – Click here
DinarUpdates.com Round Table Chat 10-14-15 PM 2 of 2
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
WELCOME TO DINARUPDATES.COM FOR ROUND TABLE w/BGG
BGG: Mr White had an exciting comment the other day… something like 24 or 28 days after the last Iraqi troops were forced out of Kuwait, with their country in shambles, war torn, nothing in order, infrastructure still at minimal capacity – they had new bills printed – and immediately “assigned” a value of 3.00 plus to their new currency…
wmawhite BGG: and these are my comments…
wmawhite BGG: In closing, keep in mind that Iraq invaded Kuwait in August 1990.The Kuwaiti currency at that time was the Kuwaiti Dinar. The Kuwaiti currency was replaced with the Iraqi Dinar by Saddam Hussein. Seven (7) months later, February 28, 1991, the Iraqi forces are kicked out of Kuwait and the war has ended. Only twenty six (26) days later, March 24, 1991, the Kuwaiti banks reopen with a NEW currency valued at 1 KWD = $3.50………….the key here is twenty six (26) days.
wmawhite BGG: Back to you, BGG.
BGG: OK – so…
wmawhite: Expect the unexpected.
BGG: that was my “fundamentals” commentary for the day…
BGG: any questions, comments, thoughts??
wmawhite: Kuwait was still in a mess and they reinstated their value.
wmawhite: No float………just BAM!!
BGG wmawhite: BAM!!
Read More: http://www.dinarupdates.com/showthread.php?22456-Bgg-roundtable-10-14-15
Iraq stop the plan to issue bonds because of international high-yield
Alsumaria News / Baghdad – Ministry of Finance announced on Sunday that Iraq suspended its plans to issue international bonds, attributed the reason for this is that the revenue that will pay will be very high.
Fadel said the Prophet, Undersecretary of the Iraqi Minister of Finance that the recent “ordered a halt to bonds because the interest rate will be high.”
It was Iraq who are fighting terrorist groups and suffering from shrinking oil revenues because of low crude prices may hold meetings throughout the week with investors in Europe and the United States last month in an effort to promote a version planned.
The aspires to raise about two billion dollars from the initial version is denominated in the US currency in the context of the series were versions will reach six billion dollars.
But informed sources said that investors demanded very high returns, which was Iraq will carry a heavy financial burden.
BGG ~ So one of three things is in play here…
1) They couldn’t sell the bonds (no one was interested)…
2) The yield was too high (as is the interest rate on these international loans)… I did say international investors would buy – but they would want a premium for this risk (as in BIG MONEY)…
3) They have another solution to their budget crisis they intend to move on… (which they always have had)… HINT – MONETARY REFORM.
______________________________________________________________
Commercial Solicitation
______________________________________________________________
CURRENCY CODE SELL BUY
Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1166.000 | 1164.000 |
| Euro | EUR | 1326.208 | 1325.545 |
| British pound | GBP | 1777.334 | 1776.445 |
| Canadian dollar | CAD | 897.890 | 897.441 |
| Swiss franc | CHF | 1214.710 | 1214.103 |
| Swedish krona | SEK | 143.361 | 143.290 |
| Norwegian krone | NOK | 143.080 | 143.008 |
| Danish krone | DKK | 177.757 | 177.669 |
| Japanese yen | JPY | 9.729 | 9.724 |
| Special Drawing Rights |
SDR | 1645.949 | 1645.126 |