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…
Colossians 3:23 (NKJV)
23 And whatever you do, do it heartily, as to the Lord and not to men,
Heavenly Father, Thank You that Jesus is our Peace! We pray that whatever we do today that we do it as unto You, Lord 🙂 In Jesus Name, Amen.
Mrs. BGG
Iraqi Dinar/Dollar auction (most recent listing) 12-08-15
Currency Auctions Announcement No. 3090
This daily currency auction was held in the Central Bank of Iraq on the 12-08-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 25 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 191,667,412 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 191,667,412 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Kaperoni (Dinar Guru) – Article quote: “Sales of the Central Bank, Sunday, 209 million dollars in an auction today, on the sale of foreign currencies, exchange rate stable at 1166 dinars per dollar.” I would tend to believe the CBI spreadsheet over the media article. Still cannot understand why the media has not picked up on the 1182 yet. Very clear on the CBI the official rate is not 1166 anymore…“Auction price selling dinar / US$ 1182″. Based on my calculations of 1182 + 13 dinars (what it was before 1179 – 1166 = 13 dinar) brings us to 1195 as the rate the 2% spread would be based off of. 2% of that is 1218. So as long as the CBI keeps the Market Rate below 1218 it seems to me we are in compliance. Currently it is 1214 as reported. It is interesting the CBI made this effective December 1st. So March 1st would be 90 days if it holds and falls within the timeline stated…“Iraq that is due to the market during the first half of next year“ Maybe we need a countdown clock to March 1st.
Read More: http://www.dinarupdates.com/observer/
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DinarUpdates.com Afternoon Chat 12-08-15 PM
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com w/BGG!!
popeye7 says to tman23: And IMHO they will need a internationally acceptable currency before the 1st of the year to get it going in the right direction…. This investment is about to pay off despite all of the turmoil, and misinformation in that area…
dwightj says:
thats strange it is not the 5th yet not even there
Baxter1243 says:
I dont believe after all that I have read… that they can go international with their rate… without being in Article 8…. just my opinion…
DiagyAAAE says:
BAX you causing trouble again?
Baxter1243 says:
No….. not at all… I just dont think they can…
tman23 says to popeye7:
When Iraq takes the IMF money this round, along with japanese loans……. I do not believe they are going to be afforded the luxury of double book keeping…….. and the manipulation of the market through the 3 zeros……..
dwightj says:
bax that is true.
BGG says:
What is curious – the market rate is actually a tiny bit stronger… 1212 – and the number they are selling for “appears” weaker… 1182 – the real story here is…
popeye7 says to tman23:
Yep… Drop em declares the IMF… And they will comply…
BGG says:
in one fell swoop – they just complied with IMF 2% Market/Sell rate guidelines… which I have said would happen all along. When it is time – they will “magically” be in compliance… which they are now – BOOM.
BGG says:
AND –
_firefly_ says to BGG:
All about timing my friend !
BGG says:
my next “prediction” is – they will be given some “waiver / variance” to IMF regulations… (for instance, the 3 month compliance timeline…)
LLN65 says: BGG – nice I am liking your prediction 🙂
wmawhite says to BGG:
I don’t know…howver, won’t doubt if that is a part of the current MOU.
dwightj says to BGG:
sounds good to me we wait
Baxter1243 says:
BGG… there is a paragraph that says the IMF does have the power to waiver the 90 days
tman23 says to BGG:
I agree…..as it immediately avoids the chance for market speculation ….
Baxter1243 says:
with all things considered.. they just may
BGG says to Baxter1243:
Imagine that!! I believe they can and will…
popeye7 says to tman23:
Yep… Poof.. Here it is…
BGG says to Baxter1243:
this recent “adjustment” seems a little convenient… they haven’t been able to get that under control – and now, for no identifiable reason – there it is.
DiagyAAAE says:
Why is it when BGG does RV talk, everyone agrees with him… LOL ya’ll are funny!!! BGG not to say that I don’t agree with you. You have alot of pull sir! 😀
Baxter1243 says: BGG….. IMF kind of made them do it… My opinion
popeye7 says to LLN65: Hello. and how are you?… Thanks for your support on this site…
dwightj says to BGG: my understanding is that the market rate can move up or down as long as it stays within the 2%
BGG says to DiagyAAAE: Because I don’t make $4!t up… I comment on what everyone should be able to see… 😀
DiagyAAAE says: (lol)
BGG says to DiagyAAAE: and I’m not talking RV – but this is a very curious development.
LLN65 says: BGG – like over and over and over and over again 😀 you think we’d get it
BGG says to DiagyAAAE: BTW – the spread has gotten 2 Dinars better since this “got off the ground” on Dec 1st…
wmawhite says to BGG:
Exactly………..and we want to know what happens as Iraq re-enters the global markets during 2016.
DiagyAAAE says: Well i dont think anyone else specifically calls RV either but they get jumped on. I just noticed no one will agree to disagree with you! I love it! And you are always spot on with your comments
popeye7 says to LLN65: Terrific… Enjoying all of the convo on this site… Even if at times it does get a little spicy… LIke someone once said… If everyone is in agreement with each other, there is not a whole lot of thinking going on…
BGG: (Gen. George S. Patton)…
LLN65 says: popeye7 :D true spicy and dicey
tman23 says to DiagyAAAE: I emphatically disagree with everything BGG is saying…….LOL !! Does that help ? LOL
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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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Parliamentary Finance: the budget will be passed in two weeks
BAGHDAD / News Network Iraq – parliamentary finance committee member Husam punitive reported that “the federal budget bill will pass during the next two weeks.” He said punitive in a press statement today: “After working in the Finance Committee to study the budget in all its articles and clauses, especially the last amendment, which came the Council of Ministers, the amendments included a reduction of expenses in total increased by one trillion dinars, as it was 106 and is now 105 trillion dinars of total expenditures. “He explained that” the deficit coverage comes through internal and external loans and selling bonds, initially written as a blueprint for these loans, and on the land Indeed, the pressure expenses, and therefore does not send as planned in the budget, and so the real deficit at least, as happened in the budget of 2015, as the deficit was planned 25 trillion, but the actual deficit has been repaid by the internal banks [to Rashid and Rafidain]. ” He pointed out that “non-oil imports have been reduced, as it was estimated at 14 trillion dinars and was now estimated at 12 trillion dinars, and the reason is because the calculated level of this revenue thing and what Asthsal and levied something else.” .utalb punitive federal government to “take care of procuring and the collection of money the federal treasury as planned in the budget, there are recommendations by the Finance Committee to impose sanctions on those concerned Paljbaah, and that is reminiscent within the budget law, which confirms the departments commitment Paljbaah and private wages of electricity and water, “.ozkr punitive” The revenue increase wages Kartat companies mobile networks and the Internet and the new work of customs tariffs and some other wages, will not have a clear impact in closing the budget deficit, because of the application to raise prices after the month of August, the difference will not be clear until after the budget period. ”
Tamimi: Auction currency destroyed Iraq’s economy
BAGHDAD / JD / .. criticized a member of the parliamentary finance committee Majida al-Tamimi current Central Bank, as pointed out the need to abolish auction currency called to distance his administration from quotas partisan and political.
She said Tamimi, a statement posted on its official website and seen by Agency / KD / The quotas political and partisan confound the work of government institutions, particularly the economic ones, “stressing” the necessity to run the central bank by specialists economy and money, not according to the quotas that have caused the destruction of Iraq’s economy.
“She said al-Tamimi said the currency auction in a large increase in spite of our pleas to the many Bank Central need to reduce the sales of hard currency, especially since these sales sometimes be covered by the reserve value negatively affect the quantity, “emphasizing” the importance of maintaining the size of the reserve and in line with international standards.
“The eye that” there is a great imbalance in the auction currency “which showed that the central bank customers from the private sector are buying the dollar at the official rate under the pretext of covering imports State and this move carry an imbalance intentional, the fact that the sale of the dollar at the official rate goes into the pockets of corrupt” .ostgrepett Tamimi of the “insistence of the central bank to hold an auction of currency”, wondering “Is there in the neighboring countries of the coin auction as is the case in Iraq / end / 22 /
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DinarUpdates.com News Time Chat 12-07-15 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: WELCOME TO NEWSTIME EVERYONE
Millionday: Handed over to the economic and investment commission parliamentary project sovereign wealth fund law to the government because of its importance in avoiding any emergency economic crisis.
A member of the committee MP proof Almamori “morning”: that the Commission recognized the draft law to the government with all the details of the founded and over its importance to the country if passed.
Millionday: NOTE — THIS IS COMMON IN ALL COUNTRIES AND IS GREAT NEWS — IT COVERS NEEDED EXPENSES WHEN PROBLEMS OCCUR
~~~
Read More: http://www.dinarupdates.com/showthread.php?26240-Millionday-newstime-12-7-15
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CURRENCY CODE SELL BUY
Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1254.338 | 1253.711 |
| British pound | GBP | 1776.901 | 1776.012 |
| Canadian dollar | CAD | 884.731 | 884.288 |
| Swiss franc | CHF | 1151.598 | 1151.022 |
| Swedish krona | SEK | 135.959 | 135.891 |
| Norwegian krone | NOK | 137.228 | 137.159 |
| Danish krone | DKK | 168.160 | 168.076 |
| Japanese yen | JPY | 9.616 | 9.611 |
| Special Drawing Rights |
SDR | 1623.300 | 1622.488 |