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 16:13-14 (NKJV)
13 Watch, stand fast in the faith, be brave, be strong. 14 Let all that you do be done with love.
Heavenly Father, Thank You for the measure of faith You have given us! Let everything we do be done with love for Your glory! In Jesus Name, Amen.
Mrs BGG
Iraqi Dinar/Dollar auction (from) 11-01-15
Currency Auctions Announcement No. 3063 (most recent listing – No change)
This daily currency auction was held in the Central Bank of Iraq on the 11-01-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 21 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 161,766,580 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 161,766,580 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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We know what we are, but know not what we may be.
William Shakespeare
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SteveI (Dinar Guru) – [Do you and your sources see this likely happening before the end of the year or early next year?] From our contacts and my own beliefs, (I really do not like to predict any specific time period due to the constant changes in Iraq) but this year looks excellent. ISIS is almost a thing of the past. I talked to [Guru] Ray the other day and he also believes we are right at the verge of this happening. Again, once ISIS is fully under control (one major city left) and then it looks really good for this to happen. They finally did agree to $45 per barrel for the 2016 budget regardless what you are reading in the news, and they are making a lot of adjustments to make that happen. [post 1 of 2….stay tuned]
Read More: http://www.dinarupdates.com/observer/
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BGG,
You gotta appreciate the constant ebb and flow of the army of gurus. Case in point, one of my favorite head scratchers is MG.
You remember her last prediction of next year or end of next year??… (re: your tweet).
Today it seems the tide has turned a bit because now she posts maybe, just maybe December!!!! I love how she backs this up with all her emotional tags like “from my heart and soul”.
Does she know how to play to her audience or doesn’t she??
In my humble opinion….All of these gurus are just an interesting sidebar to events we/DU are following. Now if the GOI/Abadi can just finally corral this guy (Maliki) everyone would be better off and the Sunnis would believe that Abadi might really mean what he says.
Oh well back to task…and my continued appreciation to the entire DU family.
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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(SEE BGG NOTES AT END…)
The Official Revaluation of the Iraqi Dinar Started Today, 1 NOV
( Note: This was emailed to us by an anonymous source. We do not confirm whatsoever that Iraq had officially revalued the dinar.)
10/31/2015 1:06
BAGHDAD – Iraq officially revalued its currency today, introducing a new international exchange rate.
The rate changed for the first time since the invasion of 2003. Now with the lower denomination notes delivered across the country, banks have introduced a new and international exchange rate for the Iraqi dinar. Thousands of people lined up to exchange their old Iraqi dinars for freshly printed new ones.
All the higher denomination dinars can be exchanged for new lower denomination ones on a one-to-one rate. The new official exchange rate is 1.16 American dollars for one Iraqi dinar.
The country still faces the threat of the Islamic State. But with the new economical reform, the people of the country are more united than ever.
For citizens exchanging money today, there was little they could do in Iraq. Many of those in line said they planned to use their money for vacations or for shopping trips in the UAE.
“I need to get away from Islamic State and their terrorism,” said Al-Bishr Farhan, an engineer in his late 30’s who said he was withdrawing 2,500 new dinars to take a vacation in the Bahrain.
Imad Hassan al-Jabir, a 40-year-old retired soldier felt relieved as he said, “I feel secure knowing that I have enough cash.”
BGG ~ This is the post going viral (creating the big stir) – Is it good to hear? Yes. However, I don’t believe it for one second. When this happens – it will be everywhere within minutes. End of story…
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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 | 1292.511 | 1291.865 |
| British pound | GBP | 1782.931 | 1782.039 |
| Canadian dollar | CAD | 886.827 | 886.383 |
| Swiss franc | CHF | 1184.117 | 1183.525 |
| Swedish krona | SEK | 137.049 | 136.981 |
| Norwegian krone | NOK | 137.209 | 137.140 |
| Danish krone | DKK | 173.262 | 173.175 |
| Japanese yen | JPY | 9.688 | 9.684 |
| Special Drawing Rights |
SDR | 1630.581 | 1629.766 |