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…
1 Corinthians 10:31 (NKJV)
31 Therefore, whether you eat or drink, or whatever you do, do all to the glory of God.
Heavenly Father, we Praise You! We pray that today whatever we do, we give You all the Glory! In Jesus Name, Amen.
Mrs BGG
Iraqi Dinar/Dollar auction (from) 10-27-15
Currency Auctions Announcement No. 3061 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 10-27-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 27 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 228,248,639 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 228,248,639 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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What we obtain too cheap, we esteem too lightly; it is dearness only that gives everything its value. – Thomas Paine
*** Current News ***
Folks – The DU Chat Room is back up and running. Thanks – BGG
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“Round Table” Dinar Call!!
“for Dinar News – that MATTERS!!”
from Tuesday 10/27 @ 4:30pm CST
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rcookie – Article quote: “The House of Representatives voted on Tuesday unanimously approved the second amendment to the Iraqi Investment Law No. 13 of 2006.” Heres that pesky “shelved & tabled” Investment Law voted on just like they said they were going to do…
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Kaperoni (Dinar Guru) – Article quote: “House hold, Tuesday, led by its 32 Saleem al-Jubouri and the presence of 230 deputies. And held parliament its 32 legislative year Althanihalvsal first legislative agenda of includes a vote on the draft second amendment bill to the Investment Law No. 13 of 2006 (Committee on Economy and Investment, the Finance Committee).” Looks like it passed. Will get confirmation…from parliament as soon as posted. But great news!
Read More: http://www.dinarupdates.com/observer/
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As amended .. Parliament to vote on all the paragraphs of the investment law
Voice of the House of Representatives on Tuesday unanimously on all the paragraphs of the investment law, as amended.
A parliamentary source said in a press statement, the ‘House of Representatives voted on investment law after the completion of all of its articles modified’.
It is said that, the House proceeded to read the 17 paragraphs of the investment law, since the beginning of its’.
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(Please note – we are posting daily News Articles slightly differently now)
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Parliamentary Economy: Investment Law will open a window of new revenue for the country
The head of the committee of economy and investment parliamentary Jawad al-Bolani, Tuesday, that the investment, which was voted upon today’s meeting law, comes into contact with the country’s need and opens another window of revenue instead of relying on a single revenue for the budget…
Sunday Dinar Call!!
“for Dinar News – that MATTERS!!”
from Sunday 10/25
Smart phone user link – Click here
10 Iraqi ex-ministers convicted for multi-billion-dollar embezzlement
SULAIMANI, Kurdistan Region — Ten former Iraqi ministers have been found guilty of fraud and corruption while in office on a number of different charges brought against them by the parliament’s Commission of Integrity.
The ministers have been high-ranking members of former Iraqi Cabinets since 2003.
Lawmaker Adil Nuri, who is the spokesperson of the committee, told Rudaw a court in Baghdad has also issued arrest warrants for some of the convicted ministers.
Nuri said Kurdish Minister Shex Muhammad Shex Abdulkareem Kasnazani, who served as the minister of trade in past Cabinets, was among those convicted.
The committee said at least half of Iraq’s revenue since 2003, estimated at $1 trillion, remains unaccounted for since the ministries have not submitted final reports concerning their expenditures.
“We have ministers who are accused of embezzling $900 million, some of $500 million and others are accused of $100 million,” Nuri said. “Some fake ministry contracts are worth $1.5 billion.”
Iraq has continually been ranked as one of the most corrupt countries in the region, with a high level of unaccountability in fraud and bribery cases concerning top officials.
The war-torn country is one of the most corrupt nations in the Arab world, according to a 2014 report from Transparency International.
Iraq was ranked 170th out of 175 countries in the group’s perception of corruption list.
“The country does not have an equivalent in the Middle East when it comes to corruption,” Nuri said of Iraq.
Iraqi Prime Minister Haidar al-Abadi dismissed 123 deputy ministers and general managers in September 2014 as part of a reform plan to reduce corruption in government bodies.
Falling oil prices and a costly war with ISIS across the country has shrunk Iraq’s national budget to an estimated $105 billion in 2015 with a roughly $20 billion overall deficit.
Abadi leads a consensus government that was formed in the aftermath of the ISIS takeover of Nineveh province by ISIS in June 2014.
Sectarian divisions between the majority Shiites and minority Sunnis have made it nearly impossible for the courts to indict officials who are often backed by powerful tribal segments of Iraq’s fragmented society.
Former Iraqi Vice President Tariq Hashimi, a Sunni leader, fled the country in 2012 after an arrest warrant involving corruption reportedly sponsored by former Shiite Premier Nouri al-Maliki.
“We have been threatened several times over each case that we have worked on so far,” Nuri said, adding he hoped the committee’s final report will bring many officials to court.
Nuri said the cases involve almost all government ministries, including those of defense, interior, transportation, commerce, oil, migration, municipalities and many more.
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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 | 1283.883 | 1283.241 |
| British pound | GBP | 1788.994 | 1788.099 |
| Canadian dollar | CAD | 887.772 | 887.328 |
| Swiss franc | CHF | 1187.736 | 1187.142 |
| Swedish krona | SEK | 137.434 | 137.365 |
| Norwegian krone | NOK | 139.159 | 139.089 |
| Danish krone | DKK | 172.096 | 172.010 |
| Japanese yen | JPY | 9.624 | 9.620 |
| Special Drawing Rights |
SDR | 1628.377 | 1627.563 |