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…
2 Corinthians 1:20 (NKJV)
20 For all the promises of God in Him are Yes, and in Him Amen, to the glory of God through us.
Heavenly Father, we give You all the Glory! Thank You that all of Your promises in Christ are Yes and Amen!
Mrs BGG
Iraqi Dinar/Dollar auction (from) 11-04-15
Currency Auctions Announcement No. 3066
This daily currency auction was held in the Central Bank of Iraq on the 11-04-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 22 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 187,363,038 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 187,363,038 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
______________________________________________________________
Attitude is a little thing that makes a big difference.
Winston Churchill
*** Current News ***
Follow us on twitter @DinarUpdates !!
Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Wednesday evening at 7:30pm EST!!
www.DinarUpdates.com – save as favorite!!
______________________________________________________________
Millionday – I THINK THE RATE AGREED ON WILL BE RELEASED — AND THEN IT MAY FLUXUATE BUT ONLY IMO AT A 2% SWING. I MEAN THE TOOLS THAT CBI HAS — IT WILL BE MANAGED TO ONLY MOVE ONE WAY OR OTHER 2% — IMO. IN A SPEECH BY CBI GOVERNOR — THEY ARE READY TO RELEASE THE RATES — IMO.
Read More: http://www.dinarupdates.com/observer/
______________________________________________________________
The low value of the dinar has fallen year savings diminish chances of «float» Dollar
Mohammed Hadi
Baghdad – Cannot for the proposal “floating dollar” stand up to the vagaries of the market economy; in light of the decrease of the local currency’s value against a difficult and declining public savings level, offset by higher imported goods prices, and therefore “chronic increase” occur in the general inflation levels, Despite assurances from economists that the “float” may provide financial liquidity, but not for a long time, because of the survival of the Iraqi economy’s dependence on import, and the exchange control doors were still weak by the government.
Former officials at the Central Bank shows that one of the terms of the flotation assumes a Private sector next to the Central Bank is asking the dollar to the market as well, but in Iraq, the Central is the only body that pump the dollar for the domestic market, which creates “confusion” in the marketplace work.
The officials pointed out that the idea of flotation, require “do not specify a certain amount to put dollars into the market. ”
She talks media leaks that the government will be forced to float the dollar, in the case failed to apply the new salary scale; where he sees Supporters of this proposal is that it will be the key to resolving the financial crisis that hit the country.
It is said that there are three ways, deals central banks with foreign currency;
1) first is made up by the “limiting factor” to be adopted by the CBI, which includes a fixed exchange rate to the dollar price, and inject dollars into the market to maintain the stability of the price.
2) The second method is called “float”, and thumb the market is controlled the exchange rate,
3) while including third way, a “floating orbit”, or unrestricted determine the specific price of the dollar, and another represents a maximum him, to let the currency float between these two prices.
and see world oil prices since the middle of last year continuous decline, because of the use by some countries to increase Marodha against the lack of demand for it, what caused a severe financial crisis in Iraq, which is known for raw Bria economy.
The new prime minister Haider al-Abadi, last week, his warnings of the financial situation in the country as a result of the current financial crisis caused by the decline in oil prices and the war against al “Daash” that drain big money from the budget. In the opinion on behalf of Jamil Anton, an economist, said in an interview to the correspondent of “the world”, said the adoption of “floating dollar” in the current situation which is going through the country, rather than “limiting factor” in place by the Central Bank, “will solve the problem of lack of financial liquidity including government suffer now, “persisting but that” will not last long “, because it would cause economic problems cast a shadow over all market activities, which suffer a deterioration in infrastructure.
explains Anton, he was at the forefront of these problems,” the depreciation of the dinar against other currencies, as well as the decline in the value of savings of citizens, compared with a rise of imported goods and prices of goods “, which leads to the result to” a large and chronic increase in inflation.
“Anton adds that the survival of the Iraqi economy dependent on imports, not production, makes the currency was floated in any way.” It is not true, “as it is” There is no government control on the doors of exchange; it is still corrupt deals swallow up the bulk of the budgets. ” So confirms Anton, who is close to sources of government decision-making, that “the adoption of the flotation process is not on the government table now,” calling on government bodies responsible and the central bank to expand economic revenue base, to get out of the financial crisis experienced by Iraq.
For his part, Dr. Ahmed Abrihi, financial expert and former Deputy Governor of the Central Bank, in connection with “the world” yesterday that the talk of some politicians for floating dollar “wrong and illogical”, because of “the lack of side responsible for pumping dollars into the local market only The central bank, while that one of the terms of the flotation provides for a private sector next to the central bank to throw dollar market also, as exists in South Korea and the United States and Indonesia. ”
Shows Abrihi that “float currency requires the presence of freedom in the presentation of currency equivalent to freedom of demand, meaning you do not specify a certain amount to put the dollar in the market,” explaining that “the hard currency that feed the market comes through the export of oil operations, ie through the central bank, where there is no private productive sector, is able to insert a hard currency into the country “, and thus this” makes officials on monetary policy in Iraq do not support the idea of floating the dollar, they create confusion in the market and a clear action “.
The Haitham al-Jubouri, a member of the Finance Committee in the House of Representatives suggested in a statement to “the world”, the adoption of “unrestricted flotation” in the auction currency instead of “limiting factor” that determines a fixed exchange rate to the dollar price, trying to keep it to fill the market need of hard currency, referring to the The committee suggested that the central bank and the government to adopt this way “being the best, and supported in most countries of the world.” He revealed at the time for sending 15 thousand purchase invoice currency “rigged” to justice, and stressed that a large number of companies that have turned to money “fake”, while calling for the formation of a competent financial courts financial matters.
As said the Central Bank’s board member Majid picture in touch with “the world” that the bank is trying to maintain the stability of exchange rates, pointing out that the monetary policy and instructions “according to the economic conditions experienced by the country changed.” He says that the picture of the bank cash reserves fell to $ 60 billion due to lower crude prices, but he assured that this decline does not threaten the collapse of the local currency, “being a fill 160 percent of the money supply of the Iraqi dinar.”
______________________________________________________________
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)
______________________________________________________________
Parliamentary Energy reveal the renewal of the oil agreement between Baghdad and Erbil budget 2016
Special – scales News – Detection of the Commission on oil and energy parliamentary member Aziz Kazim, Tuesday, renewing the oil agreement between Baghdad and Erbil in the 2016 budget and which provides for the extradition of the province of Baghdad, 300 barrels of oil from the Kirkuk fields
Kazim said L / scales News /, “The oil agreement between the central government and the provincial government has been renovated in the budget of 2016,” noting that “the agreement requires the province to deliver 300 barrels per day from the Kirkuk fields.”
Kadhim said “the central government would seek to cut off part of the share of the Kurdistan region, amounting to 17% in the federal budget for next year in the event of non-delivery of 300 barrels of oil to Baghdad a day” from the Kirkuk oil and 250 barrels of oil province, stressing at the same time that in “case of breach the region this condition, the differences and problems between Baghdad and Erbil will return again, “.anthy 29/28
Article Link
“Round Table” Dinar Call!!
“for Dinar News – that MATTERS!!”
from Tuesday 11/03
Smart phone user link – Click here
DinarUpdates.com News Time Chat 11-04-15 PM
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: LOTS OF NEWS TODAY
Millionday: BEFORE WE BEGIN I AM GOING TO SHOW YOU WHAT I HAD TODAY IN CASE YOU WERE NOT HERE
Millionday: THIS WAS PART OF A SPEECH BY CBI GOVERNOR
Millionday: He added that the central bank a day in the initial exchange market (referring to the lack of a future market for the currency or market options) and expresses its readiness to secure the display of foreign currency (dollars) to cover the need for demand to ensure the strengthening of the national currency and gradually to maintain stability at the target in each stage or period of revaluation ranges .
Millionday: SO AS WE SEE — HE IS ANNOUNCING THE READINESS TO ENSURE THE STRENGTHENING THE NATIONAL DINAR AND MAINTAIN STABILITY IN THE STAGE OF >>>>>>>>>>>>>>>>REVALUATION
Millionday: WHOOOPOW
Millionday: THOUGHT YOU WOULD LIKE TO SEE THAT
========================================
Millionday: Hussein al-Tamimi Tgb began actual cooperation to rotate the wheel of industrial production in Iraq stage in cooperation with the Lebanese private sector, which has great expertise in many industries, especially after he proved remarkably successful at the international level and supported in the biggest international companies will investigate the economic feasibility of the two countries.
~~~
Read More: http://www.dinarupdates.com/showthread.php?23877-Millionday-News-11-03-15
______________________________________________________________
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 | 1279.802 | 1279.162 |
| British pound | GBP | 1795.523 | 1794.626 |
| Canadian dollar | CAD | 889.669 | 889.224 |
| Swiss franc | CHF | 1177.540 | 1176.951 |
| Swedish krona | SEK | 136.747 | 136.679 |
| Norwegian krone | NOK | 137.009 | 136.940 |
| Danish krone | DKK | 171.584 | 171.498 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1626.757 | 1625.943 |