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…
Matthew 6:6 (NKJV)
6 But you, when you pray, go into your room, and when you have shut your door, pray to your Father who is in the secret place; and your Father who sees in secret will reward you openly.
Heavenly Father, Thank You for the privilege to come before You through Your Son, Jesus! Thank You for the secret place 🙂 In Jesus Name, Amen.
Mrs BGG
Iraqi Dinar/Dollar auction (most recent listing) 11-10-15
Currency Auctions Announcement No. 3070
This daily currency auction was held in the Central Bank of Iraq on the 11-10-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 28 |
| Number of remittance companies | 19 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 174,263,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 174,263,000 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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The world turns aside to let any man pass who knows where he is going. – Epictetus
*** Current News ***
Iraq and the IMF agree on the financial and economic policy monitoring program
(Independent) .. concluded this evening in the Jordanian capital Amman talks, Iraqi and consultations with the IMF two sides reached an agreement on control of IMF experts program STAFF-MONITORED POGRAM (SMP) financial and economic policies in the country for the remainder of fiscal year 2015 and for the year coming in 2016 .
The program aims to assist Iraq in reforms in the foreign exchange policy, public financial management and banking supervision.
It was agreed that the technical memorandum of understanding to implement the program in the quarterly timelines and the letter of intent, and the aim of the actions that have been agreed Ay standards to maintain the stability of the financial sector.
And it took place during the past ten days technical talks between the Fund and of the Middle East Department representatives, Central Asia and oil experts and financial and planning ministries and the Central Bank of Iraq.
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Kaperoni (Dinar Guru) – (Press release) “Iraqi Central Bank Governor responded to the remarks relating to monetary policy“ This is really interesting IMO. First his response to the recent articles (floating, etc) is rather quick. So I think some of this is to curb speculation. He also mentions though at the end “The bank will soon launch its strategy for the years 2016 – 2020“ which is interesting as it is falls in line with the timeframe they have mentioned several times to delete the zeros. Let’s hope that early 2016 is the beginning.
Read More: http://www.dinarupdates.com/observer/
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Experts: employees’ salaries to the dollar exchange rate “economic vandalism”
Economists warned, on Sunday, the work of the employees’ salaries to the dollar exchange system instead of the dinar, arguing that the move was a “deliberate sabotage of the economy of the country” because of the strict application of the sale and purchase of foreign currency laws.
The economist said Abbas Ibrahim Bahadli in an interview (range), that “the payment of salaries to state employees dollar process will lead to suffocation market through obstructed channels of supply and demand and the worsening cash crisis of a lack of financial liquidity.”
“The central bank is directly responsible for the movement of foreign currency at home and abroad, and there are considerable controls to determine how to buying and selling currencies by the daily currency auction of the laws.”
He described the proposed Bahadli by saying that “sabotage is clear and explicit to the country’s economy by making bilateral currency market to the category of employees without other citizens who do not make their living mainly on the government’s resources and who represent a large number of sizeable enough.”
“The solution is to cancel the auction of the bank and the government bear the temporary consequences that do not exceed three months, it is likely the exchange rate rising to 1,500 dinars to the dollar, but certainly will stabilize after that according to the new market data.”
He said the “illegal traders and mafias and corruption are the dominant thread revolving around the Iraqi market, especially buying and selling dollar operations and the duty of the executive branch of the State enacting laws without regard to the cause or the source, who demolished the national economy.”
He Bahadli to “the existence of countless brokers will benefit from the proposal and by the monopoly of the currency market and the escalation of speculation and control the destiny of the country’s financial market.”
For his part, economist Mohammed Abdul Latif Al-Ani said in an interview (range), “The domestic market in its dealings rely daily on the Iraqi currency only, without the need for other currency upheaval may occur for consumer prices, which the citizen needs on an ongoing basis.”
“The government is responsible to the citizens put urgent and correct solutions to remedy the shortfall in the financial liquidity of the state through the control of outlets selling the currency and prevent smuggled out of the country.”
Ani said that “the ideas put forward so without extensively studied and their negative repercussions on the reality of the Iraqi economy may cause a contraction of the market suddenly stop what causes the movement of non-performing market already.”
He said the “development of various natural resources beside oil sale process, significantly contributing to the perpetuation of the classical market movement factories and laboratories of the civil as well as different professions, which is considered a pillar of the development of the economy of the country.”
He noted that “the central bank auction is one of the most important Almarqlat the Iraqi economy as the way it works tainted by a lot of the suspicions, so the government should strict standards for the operations of foreign currency flow out of the country setting.”
He said al-Ani, “The View from the dollar-based bank is considered by the director and the right not monopolistic entities that have worked throughout the years prior to the financial market distortion until I got into a state deficit in the provision of liquidity.”
And he was a member of the Economic Committee in the House of Representatives Nora Albjara suggested on Friday (June 19, 2015), employees’ salaries in dollars instead of the dinar exchange rate in order to avoid the high dollar exchange rate again, while the central bank described the action as “timid”.
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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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Governor of the Central Bank of Iraq
Responding to statements that relate to monetary policy
Experts are calling on the Government to introduce the tips fed and demanding control of currency auction
Economists called on the Iraqi Government to introduce tips fed to curb currency smuggling and control the flow of funds, demanding alternatives to coin auction without affecting the stability of domestic prices.
Delete the zeros of encouraging the flow of funds towards the inside
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Informed sources: Abadi rejects request for “Qassem Soleimani” .. and Maliki threatens coup
Informed sources in Baghdad said that Iraqi Prime Minister Haider al-Abadi finally rejected a direct request from the commander of the so-called Jerusalem Corps Iranian Qassem Soleimani, Nuri al-Maliki to retain the vice president and undo his dismissal.
Iraq has been a political dynamic Abadi spearheaded an attempt to form a new national coalition includes Shiite, Sunni and Kurdish blocs to maintain a parliamentary majority, being able to proceed with his policies.
This at a time when anti-Maliki began a move to form a new parliamentary coalition.
It was the height of the Iraqi moves in Najaf and Karbala.Valebadi which did not meet Shiite cleric Ali al-Sistani, met with a number of references and figures, including Mohammed Said al-Hakim and Bashir al-Najafi and Mohammed al-Fayad, and Muqtada al-Sadr.
Abadi and enjoys the support of Tiare Moqtada al-Sadr and Ammar al-Hakim, and Sunni and Kurdish leaders, seeks to ensure the support of about two hundred deputy at least, as well as political support from al-Sistani in the face of al-Maliki, who appeared clearly that the armed Shiite factions backed by influential.Finally the coup and threatened him.
Maliki visited the city of Karbala, in turn, met with leaders of the militias in the popular crowd, as well as Shiite references.
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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 | 1256.482 | 1255.853 |
| British pound | GBP | 1761.126 | 1760.246 |
| Canadian dollar | CAD | 878.343 | 877.904 |
| Swiss franc | CHF | 1162.744 | 1162.163 |
| Swedish krona | SEK | 134.009 | 133.942 |
| Norwegian krone | NOK | 135.287 | 135.220 |
| Danish krone | DKK | 168.429 | 168.345 |
| Japanese yen | JPY | 9.456 | 9.451 |
| Special Drawing Rights |
SDR | 1611.004 | 1610.198 |