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 13:7 (NKJV)
7 bears all things, believes all things, hopes all things, endures all things.
Heavenly Father, Thank You that You are Love! Thank You that Your Love bears all things, believes all things, and hopes all things! In Jesus Name, Amen.
Mrs BGG
Iraqi Dinar/Dollar auction (from) 10-28-15
Currency Auctions Announcement No. 3062 (most recent listing – No change)
This daily currency auction was held in the Central Bank of Iraq on the 10-28-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 26 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 168,928,205 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 168,928,205 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Shredd (Dinar Guru) – Article quote: “Abadi continued that “the current currency includes forged categories but simple numbers will not pose a threat.“ This is the golden nugget folks. “Simple numbers” refers to lower denominations which cannot be released without a rate at or above 1 to 1. If the CBI agrees to this timing, we can expect a par rate by the first of next year. Time will tell!
Read More: http://www.dinarupdates.com/observer/
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BGG,
With many gurus (Frank and Delta, the Goat (who many forget said that there was a rolling RV in country parroting TNT’s DC a while back) and others I suppose…are now saying 2016. Now kicking the can down the road is easy enough…but I wonder…
I don’t know about you but there seems to be a haste…a momentum of sorts that is uncharacteristic of Iraq. Not saying date … but still, there seems to be a tiny hint of a plan that is afoot which could be this RV or MR whatever could be, really and truly – be at anytime. Yeah, could be next year and these guys, if given an inch, will take all of that but the clock is ticking on liquidity and the damage it is doing. Taking this down to the wire would actually encourage an avalanche of problems that could not be derailed.
Something like if you owe massive debt – even if you get a chunk of money at the last minute, it probably will not stop certain actions by creditors already put into motion. My point is, Iraq is almost already out of time now!!
I agree with you that the next 2-6 weeks might be more interesting than the know-it-all gurus might realize…..just saying!!
A final point….It must be remembered that no matter what intel, news or insider contacts anyone has – there is one underlying truth to this event.
This is… nobody can noodle this out to predict anything because the moment they do, they are already wrong – and that goes for all…Tony, Goat, Frank, Kap, Chattels , Montana, Backdoc, etc…
The GOI/Abadi know full well this cannot ever be telegraphed because given today’s communication – big time speculators would wreck havoc. So when I read one of these guys saying, oh it can’t be until next year because (recent bit from Mtn. Goat) an experienced person would say to themselves “well having said that I know you are already wrong because if you predict that then don’t you know that Abadi and the CBI have already taken this into account.
All we can do is measure progress that is all pure and simple and something that DU does quite well. The progress is speeding up as per my previous e-mail and tells us that something is in the wind!!
Foxxxx
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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)
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Maliki: I am still the vice president .. Abadi and reforms are not legal
BAGHDAD / Baghdadi News / .. said the leader of a coalition of law Nuri al-Maliki, on Friday, that he was still vice president, saying at the same time open mandate given by Parliament to the current Prime Minister Haider al-Abadi, as illegal.
The Prime Minister Haider al-Abadi announced the cancellation of the three posts of Vice-President of the Republic Maliki and Iyad Allawi, leader of the National Coalition leader and Osama Najafi Muttahidoon.
Maliki said during a television interview I followed / Baghdadi News /, “The vice president has not been canceled, and still in the process of discussions,” adding “Prime Minister Haider al-Abadi decision to cancel those positions as unconstitutional.”
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from Thursday 10/29
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In the parliamentary economy by proposing the introduction of new [value?] currency to deal with economic crisis
[Baghdad – where] Suggested that a member of the economic and investment commission in Parliament, the introduction of new currency to address the economic crisis.
Said Abdul Salam al-Maliki, told all of Iraq [where], “What emphasize it is that the plans laid down by the state in connection with the processors need more than being a cash transaction process in the field of investment or encourage industrial aspects, agricultural, for example, the state today is able to change the status of currency for Iraq, even if it poses a new currency to address the economic crisis, as did Iran that the dollar hit in two and strengthen the Iraqi dinar capability by introducing a new currency and this process be local as solutions pots so the state can address the confusing economic situation, “adding that” We have a war and Daash low oil prices and fluctuations in the global market, in addition to Iraq yard States is importing everything he needs real solutions. ”
“It’s supposed to be in charge of the fee fiscal policy owner of a strong and courageous decision in this matter, either the survival of the situation for what it is we will only sustain a large economic crisis and we have concerns about this,” he said, adding “We are today in the process of real processors are placed through fee fiscal policy It is correct to rely on the experiences of countries. ”
Maliki reiterated that “the country’s imports should not rely on oil only, on the grounds that we are in a yield country depends on oil sales to pay off the dues of salaries and debt and other, but this requires the diversification of the state’s resources, whether in the imposition of fees or taxes or customs, and the introduction of foreign investment.”
He noted that “the state dependent on foreign loans if they dropped the price of a barrel of oil and that will carry the state debt burden the budget, as the interest on the foreign debt rate large, so the strengthening of the country’s imports can be through industrial and agricultural side development and activating the role of the private sector.”
The member of the Committee of Economy in Parliament, said that “plans for strengthening the Iraqi economy is not a contingency plan but are treatments plans, and some of them needs time, today we are going to fast processors new reformist Kalhzmh which included the benefit of the central bank on loans granted to citizens through five trillion, as State confirmed that the banking facilities as well as the promotion of industrial and agricultural sides and activating the customs tariff “.
“We are in the process of activating this matter, but he needs to processors is not built on the basis of a quick and prosthesis solutions, but need real solutions and this will open a new page of the theme of strengthening the Iraqi economy.”
And it was a member of the parliamentary finance committee Ahmed Sarhan, said yesterday that “Iraq is on the verge of bankruptcy and significant economic abyss.”
And between Ahmed’s [where], that “the oil revenues that have prevented the collapse of Iraq’s economy to a level that leads to bankruptcy,” adding, “We have Iraqi leaders aware of this issue in all its aspects, if not arrest the corrupt and incarcerations and the elimination of corruption and recover stolen money can not be for Iraq to recover from its economic crisis. ”
He pointed out that “the crisis will continue and the situation will continue in the collapse of the economy to the extent that leads to enable the State to perform salaries and distributed only if Iraq has not economic steps strategy serious long-term is on the verge of economic collapse and bankruptcy unless Find corrupt and re-Iraqi hopes that escaped abroad “.anthy 2
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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 | 1289.713 | 1289.068 |
| British pound | GBP | 1787.828 | 1786.934 |
| Canadian dollar | CAD | 880.598 | 880.158 |
| Swiss franc | CHF | 1184.719 | 1184.126 |
| Swedish krona | SEK | 137.073 | 137.005 |
| Norwegian krone | NOK | 137.745 | 137.676 |
| Danish krone | DKK | 172.884 | 172.798 |
| Japanese yen | JPY | 9.655 | 9.650 |
| Special Drawing Rights |
SDR | 1630.977 | 1630.162 |