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Iraqi Dinar/Dollar auction (most recent listing) 05-04-16
Currency Auctions Announcement No. 3191
This daily currency auction was held in the Central Bank of Iraq on the 05-04-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 31 |
| Number of remittance companies | 22 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 109,224,885 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 109,224,885 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Will Abadi resign from his party?
BAGHDAD, Iraq — Iraqi Prime Minister Haider al-Abadi is seeking to form a government of independent technocrats away from the quotas system, the political process that Iraq has grown accustomed to over the past 13 years. Under the system, the political positions are divided according to the quotas distributed among the main components of the country — Sunnis, Shiites and Kurds. However, the steps that the prime minister is taking in forming the government of independent technocrats has faced obstacles, most notably political and popular demands for him to leave the Islamic Dawa Party with which he is affiliated.
Abadi became prime minister of Iraq on Aug. 11, 2014, when President Fuad Masum assigned him to form a government, after the Iraqi political blocs refused to grant his predecessor, Nouri al-Maliki, a chance to get a third term, forcing him to waive his third term in favor of his fellow party member, Abadi.
On March 2, Hanan al-Fatlawi, member of parliament (MP) and head of the Irada block — an independent block that has no governmental position and only one parliamentary seat — demanded that Abadi, her former colleague in the State of Law coalition, should either resign from his position as head of the government or declare a state of emergency and ask the parliament to vote on it.
She noted in a press statement, “Abadi came up with the ministerial change to distract the Iraqi street and waste time until the end of the current election round. The current ministers in the Iraqi government are not working seriously, and the ministries are almost paralyzed because of the anticipated ministerial change sought by Abadi.”
Meanwhile, MP for the Kurdish Change bloc, MP Risan Sheikh, told Al-Monitor, “Abadi intends to form a government of technocrats, and this is a positive step toward reform, but it is difficult for Abadi to head this government as long as he insists on remaining affiliated with the Dawa Party. This is a fallacy and a negative point against the democratic political process.”
She also said, “Abadi has to abandon his party for his presiding over a technocrat government to be convincing and positive; he cannot have partisan affiliations and look for independent ministers. It is necessary to withdraw the vote of confidence from Abadi and elect someone who is strong and capable of putting an end to the quotas system in the country and saving it from the crises that plague it.”
Against this background, protesters organized a demonstration at Tahrir Square in Baghdad and called on Abadi to become independent and announce his resignation from the Dawa Party.
One of the protesters at Tahrir Square, Suad Ali, told Al-Monitor, “Iraqis are protesting to demand Abadi to resign from the Dawa Party and to set an example for a government of independent technocrats. If he stays affiliated with the party, I do not see how he could be able to positively head the government or even obtain political and popular support. A technocratic government should be headed by a person who has no affiliation with any party. His sense of belonging and loyalty should only be to Iraq so that he can [properly] serve the Iraqi people.”
In a press conference held at the parliament on March 2, a number of MPs for the National Alliance called on Abadi to resign from his party as part of the reforms that he wants to carry out.
MP Ali al-Badri, who participated in the press conference, said, “Public opinion is being misled when it comes to the reforms that are going to save the country from destruction and corruption just by changing ministers. Some blocs want a partial Cabinet reshuffle while others want a technocratic Cabinet.”
He noted, “The major issue in the country is not only the ministers, but also the undersecretaries and general managers in the ministries, who are subject to the quotas system,” adding, “Even if the prime minister brought ministers as wise as prophets, the competent parliamentary committees are the ones that monitor their work; how can a minister work with a monitoring committee that follows the quotas system?”
Badri stressed the importance of “a reform program that is built on solid foundations and not only based on the Cabinet reshuffle. The program must start with the prime minister himself; he should abandon his party and show Iraq that he is a prime minister for all Iraqis.”
Ihsan al-Shammari, a political analyst and head of the think tank Iraqi Centre for Political Thought, told Al-Monitor, “The demand made by the political powers for Abadi to submit his resignation from the Dawa Party bears a political dimension, which is part of the obstacles impeding the reform project that he put forward and which targeted the center of influence of leaders and political parties, prompting them to find obstacles for this shift toward the use of [competent personnel] in the management of the state and its institutions.”
He added, “There is a constitutional cover for [Abadi] to remain within the scope of the political system; Article 78 of the Iraqi Constitution points out that the president shall assign the candidate of the largest parliamentary bloc, and the constitution does not state that the prime minister shall be independent or be obliged to choose the ministers of any title, whether they are independent or technocrats.”
Shammari stressed that “the demands for Abadi to resign from his party are part of the struggle and political revenge between parties that do not want to leave the partisan, sectarian and nationalistic quotas system and are still holding onto the power and its luster.”
Perhaps those demanding Abadi to resign from the Dawa Party will not stop here; they might even demand him to resign from his position as prime minister or even call on the parliament to withdraw the vote of confidence, should he insist on staying affiliated with his party. However, Abadi might be surprised by a step similar to the one that surprised parliament Speaker Salim al-Jabouri on April 14, when about 171 MPs staged a sit-in at the parliament building and voted to dismiss him and his two MPs Humam Hamoudi and Aram Al-Sheikh Ali.
The political crisis in Iraq has affected the entire political system, which is still searching for a way out. This comes amid disputes that cannot easily be resolved, especially after an angry public has already taken a stance.
Read More: http://www.dinarupdates.com/showthread.php?34147-Will-Abadi-resign
This is from a few days back – but most relevant. This adds some real perspective to the current “dust up” in Parliament…
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Baghdad protesters to leave green zone, commemorate Shiite Imam…
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firefly – Remember…Jack Lew doesn’t go anywhere unless it involves money! And where was he last week? Iraq!!
Read More: http://www.dinarupdates.com/observer/
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Baghdad tensions ease as demonstrators leave to mark religious mourning ceremony…
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wmawhite – [RV during Ramadan?] …Ramadan has nothing to do with this…they still work. RAMADAN does not kill anything…this event is not an event driven process…and why do I say this? Because they have told each of you…that this process is happening now…now!
Read More: http://www.dinarupdates.com/observer/
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Iraqi PM orders arrest of protesters who stormed parliament…
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US Defense Secretary Ash Carter meets with Iraqi Prime Minister Haider al-Abadi on the sidelines of the World Economic Forum in Switzerland last January. Photo: DoD.
Carter defends Iraq’s Abadi, says he remains in ‘strong position’
ERBIL, Kurdistan Region – US Secretary of Defense Ash Carter has vouched for Iraqi Prime Minister Haider al-Abadi, saying he remained strong despite the political tumult in Iraq.
“He seems to be in a very strong position. Obviously we support him strongly because of what he stands for,” Carter said Monday, according to media reports.
Abadi has faced increased domestic pressure in Iraq as supporters of the Shiite cleric Muqtada al-Sadr stormed parliament on Saturday, demanding the immediate implementation of reforms and the removal of corrupt officials.
“Prime Minister Abadi stands for and has been a partner in all of the things that are important to Iraq’s future,” Carter said, “namely a country that holds together and doesn’t just spiral off into sectarianism.”
Additionally, Carter said, Abadi has made progress against the Islamic State (ISIS) on the battlefield. In recent months the Iraqi military, with close US-led coalition air support, forced ISIS militants from the Anbar province capital of Ramadi and took the offensive against the militants across that province.
“That’s why it’s so important for the international community to help and support the Iraqi government at this time,” Carter urged.
The defense secretary is currently in Germany to discuss the counter-ISIS campaign with the European members of the US coalition.
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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
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A source reveals to break into the Green Zone has been coordination between al-Sadr and al-Abadi
Detecting leaders from within the three presidencies and the heads of political blocs to a meeting, on Monday, for ‘collusion’ between Prime Minister Haider al – Abadi and the cleric Muqtada al – Sadr to allow the demonstrators to break into the Green Zone, as pointed out a government trend to change to protect the Green Zone through the use of the Peshmerga.
She said leaders in a press statement, said that ‘there is a tendency to change to protect the Green Zone by costly power to protect them for years, dating back to the Baghdad Operations Command and the Joint Special Operations Command, after failing to secure the protection of this area after the storm by supporters of the cleric Moqtada al – Sadr and the occupation the seat of parliament , which is the symbol of prestige of the state ‘.
She added that ‘ the meeting of the three presidencies and the leaders of political blocs, led by President Fuad Masum, carrying Prime Minister Haider al – Abadi responsibility for what happened as commander of the armed forces, so the force that protects that region are either weak has proved that in the first serious test them or they complicit with the protesters, and in both cases the prime minister is primarily responsible ‘.
He said , ‘ the statement issued by the presidencies of the meeting did not include a lot of candid conversations that took place during which especially since there are indications of many of the present leaders to break into the Green Zone , the process but has the complicity of a clear distinction between al – Sadr and al – Abadi to Abadi look like a strong man , depending on the Sadrist movement in the face of strong opponents, led by Nuri al- Maliki , who has staked a lot on the last picket the House of Representatives after being thrown dozens of followers to a mass sit -in rule of law in the House of Representatives. ”
He said , ‘Maliki aims to change the rules of the game, which is the first resignation of parliament speaker Salim al – Jubouri, and then interrogate al – Abadi in preparation for the withdrawal of confidence from it, which means forcing the president to assign the largest parliamentary bloc to nominate a person to form a new government, which means opening the road again in front of al – Maliki to return to the strongly – end ».
And on the steady drumbeat of accusations by the partners to Sadr in the Shiite house to break into the green zone took place between al – Sadr and al – Abadi format, leaders of the ‘information says that the operations room in the Green Zone, he had met the three are a senior intelligence officer, and the team , Mohammad Reza, the commander said protection of the green Zone, the official peace Brigades of the Sadrist movement; in order to coordinate the process of entering a peaceful manner completely which is what actually happened except for individual cases, such as the attack on some MPs’.
See more at: http://www.dinarupdates.com/showthread.php?34093-A-source-reveals-to-break-into-the-Green-Zone-has-been-coordination!!&p=151455#post151455
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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 | 1358.473 | 1357.793 |
| British pound | GBP | —– | —– |
| Canadian dollar | CAD | 941.983 | 941.512 |
| Swiss franc | CHF | 1233.048 | 1232.432 |
| Swedish krona | SEK | 147.387 | 147.313 |
| Norwegian krone | NOK | 147.132 | 147.058 |
| Danish krone | DKK | 182.557 | 182.465 |
| Japanese yen | JPY | 11.109 | 11.103 |
| Special Drawing Rights |
SDR | 1682.412 | 1681.570 |