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Iraqi Dinar/Dollar auction (most recent listing) 06-16-16
Currency Auctions Announcement No. 3222
This daily currency auction was held in the Central Bank of Iraq on the 06-16-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 26 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 132,094,500 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 132,094,500 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Iraqi trade talks with Citibank to develop relations
BAGHDAD – Qusay, Monzer – Search Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world). He said a statement received (time) yesterday that (the meeting between the two sides is part of the bank’s policy of developing relations with major international banks and financial institutions around the world and the recruitment and use these relations to serve the customers the bank and the provision of advanced banking services on a global level and to meet the development and reconstruction requirements the reconstruction of areas affected by the terrorist attacks).
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The central bank plans to activate
BAGHDAD / Economy News … The Central Bank of Iraq, his intention to activate the Unit for Combating Money Laundering to keep up with local and international requirements, as he emphasized his willingness to cooperate with the Association of Banks for the implementation of programs related to “the fight against money laundering,” the central bank economists called for a restructuring of the banking and financial institutions to curb corruption processes taking place the country years ago.
The governor of the Central Bank and the Agency on the Keywords, on the sidelines of a meeting of 15 graduates recently took part training course set up by the Association of private banks to obtain certificate of competence in the field of (anti-money laundering and financing of terrorism), “The theme of the fight against money laundering is a fundamental criterion for dealing with any bank because it reflects the work of the bank financial terms of integrity and professional and ethical work. ”
He praised the Keywords, “the efforts of the Iraqi private banks association for the development of the banking sector”, expressed the readiness of “the central bank to cooperate with ASEAN in the implementation of programs related to combating money laundering and pour in the financial sector and economic interest.”
He stressed the Keywords, the need for the “pillar banks are basically in the process of combating money laundering by virtue of its location and its potential and capabilities,” adding that “the central bank developed a special anti-money laundering unit and is now in the process of activated to keep up with local and international requirements.”
For his part, Executive Director of the Association of Banks Tariq Ali, according to the statement, that “the association is seeking to develop training plans, especially in the field of combating money laundering and terrorist financing in order to serve the banking sector and the creation of advanced banking cadres working in accordance with the currently approved international standards.”
In turn, the financial expert Uday Abdul Ameer Amer, said the phenomenon of money laundering has increased ten years ago due to decline the application for combating financial and administrative corruption in state institutions and economic laws. ”
He added that “all the government and private banks have a special anti-money laundering, but sections that she stopped working for several reasons such as lack of seriousness in the application of laws and the spread of financial and administrative corruption between functional cadres of these institutions.”
He explained Amer that “the Central Bank Law No. 93 of 2004 and by Article 12, which relates to the establishment of indoor units to combat money laundering and bleached in all financial and banking institutions, so as to collect and analyze information to find out citizen corruption and hand money smuggling.”
And that “some politicians and owners of intervention influence banking work through the establishment of banks and companies, mostly fake and illegal for the purpose of speculation in the daily currency auction and make big profits twisted and illegal means.”
Amer stressed that “the central bank assumes full responsibility for the loss of billions of dollars and she went to the pockets of corrupt, so it should be a complete overhaul and restructuring of the banking and financial institutions are limiting the phenomenon of money laundering and smuggling abroad.”
The Iraqi Cabinet, announced on Tuesday (June 30, 2015), agreed on a draft anti-money laundering and terrorism financing law, which is of great importance for his role in drying the sources of terrorism and to respond to international trends in this area.
It is noteworthy that the banking system in Iraq consists of 54 banks as well as the Central Bank and distributed according to property between the seven state-owned and 23 private businesses, including Islamic nine in addition to the 15 branches of foreign banks.
Read More: http://www.dinarupdates.com/showthread.php?35801-The-central-bank-plans-to-activate&p=154384
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rcookie (Dinar Guru) – Article: “Kurdistan: ready for a new oil deal with Baghdad against the billion dollars a month” SO…KURDS ON BOARD FOR NEW OIL DEAL…WHERBY GOI GIVES THEM 1 BILLION AND THEY AGREE TO RAMP PRODUCTION AND PROCESS THROUGH BAGHDAD….ALL FOR A MEASLY 1 BILLION PER MONTH…UNDERSTAND WITHOUT THE UST AND CBI AND INT’L AGENCIES AUDITING…MONITORING…PRODUCTION RECORDS… BANK RECORDS…THIS WOULD NOT BE A CONSIDERATION. THEY HAVE COOKED THE BOOKS AND PRODUCTION FOR YEARS…THE CBI BEING THERE WITH ALL OF THOSE AGENCIES CREATES A TOTALLY DIFFERENT TRANSPARENT LANDSCAPE!
Read More: http://www.dinarupdates.com/observer/
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Efforts to create the foundations are basic to start investing
BAGHDAD – Shokran Fatlawi counting the International Bureau of Studies and consulting director Tawfiq inhibitor restore the role of the private sector as significant as regards activities producing and development which has implications for the various agricultural, industrial and service sectors, as well as the strengthening of human capital and to address unemployment and poverty.
He inhibitor in his speech for the «morning» on the sidelines of a seminar organized by the progress of policy development institute that to restore the role of the private sector treatment requires identifying economic goals fixed and well thought out and steer the economy towards a competitive economy and the creation of foundations that are basic to initiate investment and infrastructure by providing facilities and logistical support for the sector Acial.wachar inhibitor to the importance of planning for the return of the Iraqi capital to the country and take advantage of them in Iraqi currency support, because the currency ‘s strength lies in the cash reserve size or precious metal at the World Bank does not actively market linked, accompanied by programs to run the infrastructure areas that the private sector does not want to invest in them mode.
rcookie says:
SEMINAR BY POLICY DEVELOPMENT INSTITUTE…..RESTORE THE ROLE OF THE PRIVATE SECTOR….IDENTIFYING ECONOMIC GOALS TOWARD A COMPETETIVE ECONOMY…AND CREATE FOUNDATIONS THAT ARE BASIC TO INITIATE INVESTMENT AND INFRASTRUCTURE…BY PROVIDING FACILITIES & LOGISTICAL SUPPORT AND IMPORTANCE OF PLANNING FOR RETURN OF IRAQI CAPITAL TO THE COUNTRY AND TAKE ADVANTAGE OF THEM IN IRAQI CURRENCY SUPPORT….BECAUSE THE CURRENCY’S STRENGTH LIES IN CASH RESERVE SIZE OR PRECIOUS METAL AT THE WORLD BANK….DOES NOT DRIVE THE PRIVATE SECTOR INFRASTRUCTURE INVESTMENT…
STATES THAT THE ROLE OF THE PRIVATE SECTOR IS NOT TO RELY ONLY ON THE STATE…AND IDENTIFIES INVESTMENT LINES OF NATIONAL CAPITAL BE ALLOWED TO MOVE ACCORDING TO IRAQ MARKET NEEDS AND DEMANDS ALONG WITH SUPPORTING INVESTMENT & LABOR LAWS AFFECTING CITIZENS…AND FISCAL POLICY REVIEW AND BANKING PERFORMANCE REVIEWS WITH ACTIVATION OF INSURANCE SUPPORT WHICH WHILE ABSENT HAS CAUSED THE LOSS OF IRAQI CAPITAL OUT OF THE COUNTRY….
AND ABILITY OF STATE TO CAPITALIZE THROUGH INSTITUTIONAL STABILITY AND MITIGATE ECONOMIC CRISIS AND ABILITY TO CREATE STABILITY & CONFIDENCE AS EXPERIENCED IN INDUSTRIAL REVOLUTION IN US AND EUROPE IN THE 40’S…
rcookie says:
SO THEY ARE TALKING ABOUT INVESTMENT UTILIZING IRAQI CURRENCY DRIVING THE PRIVATE SECTOR AND DRIVING AN INDUSTRIAL REVOLUTION THE LIKES OF THE US AND EUROPE IN 40’S!!!!!!…..
BGG – The above was from RCookie News Time last nite – always GREAT COMMENTS!! DON’T MISS OUT!!
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Frank26 (Dinar Guru) – While all of these activities are going on…you have the taxes and the tariffs at the borders that are being set up. They used to collect them manually but…it’s not going to be manual anymore. And that’s why the World Trade Organization (WTO) is asking Iraq, “will you guys join us?” And the reason why is because that they got the coding a long time ago and they are about to implement it in the taxes and tariffs at their borders. Now the software to reveal this encoding of every item that is going to be taxed…is only going to increase their revenues of the country…Not only in shipping imports but exports as well. They set up an E-Government system and electronic taxes…all of this with the software that will give them the encoding that will allow them to become World Trade Organization members? Hmmm…I guess the timing to join them is exactly right because an LOI [Letter of Intent]…This is a very sophisticated system and not for no program rate. The IMF has a LOI of what Iraq wants to do and the evidence of this agreement is all over the place.
Read More: http://www.dinarupdates.com/observer/
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Economist describes – step sale of central bank dollar for citizens as “good”
Special – News – Description economist Qais Al-Mulla, Thursday, obliging the Central Bank of licensed banks and money transfer companies to reduce dollar sales to citizens and the sale of 3,000 dollars at auction currency good move.
Mulla said L / Moayzn News /, “The step his proposal that the central bank will provide an amount of $ 3,000 for citizens who want to travel or trade, the price of the auction of the currency, especially since there are several facilities in the procurement process, most notably circulate this resolution to all banks and companies licensed money transfer. ”
He added that “This decision did not come from the sheer will of the central coffee, but after several requests made by money transfer companies, and a number of private banks to provide currency for over a number of citizens.”
It is noteworthy that the Iraqi Central Bank decided that the share of citizens who wish to have access to the dollar to cover their expenses abroad of banks and banking, financial and conversion of all is the (3000) dollars, three thousand dollars, instead of (5000) dollars, five thousand dollars .anthy 29
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wmawhite (Dinar Guru) – IMO, Iraq is now engaged within the global Economy markets. In fact…This article is more evidence that Iraq (the CBI, GOI, and its’ banks) have entered the global economy markets. Quote: “…Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).” If Iraq was not part of the global economy markets, why would one of the world’s leading banks, Citibank, being discussing with the Trade Bank of Iraq (TBI) about now to…“develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq”…and… “lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).” This is Citibank…which I believe is aligned with the TBI…The trade Bank of Iraq which is the CBI’s arm that reaches outside of Iraq.
Read More: http://www.dinarupdates.com/observer/
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Parliamentary reform front expel deputies which confirms insist on the dismissal of the Presidium of Parliament
Twilight News / announced Front parliamentary goodness on Wednesday that it had expelled one deputies belonging to her, emphasizing the sacking of the Presidium of the current parliament.
A spokesman for the Front MP Haitham al-Jubouri said in a statement responded to the Twilight News, the front Reform MP declares that the student Kharbit is no longer a member of the front, indicating that the front did not accept the request for his return to it.
He said the Front renewed its insistence on hard not to deal positions or engage in dialogue with the Commission article presidency, noting that it continues Bacaltha again until the Federal Court has ruled to cancel the April 14 session that the sacking of the previous Presidency was there.
He Jubouri that the front invites all media to be careful to transfer the information and deal with the official source and not taking news events or information that has cluttered the public opinion
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http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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KRG Ready for New Oil Deal with Baghdad
The Kurdistan Regional Government (KRG) is reported to be ready to strike an agreement with the central government in Baghdad to increase oil exports.
KRG spokesman Safeen Dizayee told Reuters it would be willing to sell its oil through Baghdad if it was guaranteed a monthly revenue of $1 billion:
“If Baghdad comes and says ok, give me all the oil that you have and I’ll give you the 17 percent as per the budget, which equals to one billion [dollars per month], I think, logically it should be the thing to accept …
“Whether this oil goes to the international market or first to Baghdad and then to the market, it doesn’t make any difference … We are ready to enter dialogue with Baghdad.“
The KRG exported 15,904,271 barrels of crude oil (an average of 513,041 bpd) in the month of May through the Kurdistan pipeline network to the port of Ceyhan (pictured) in Turkey, and received $390,748,957 on account in May from its crude oil export.
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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 | 1327.386 | 1326.722 |
| British pound | GBP | 1677.849 | 1677.010 |
| Canadian dollar | CAD | 915.286 | 914.828 |
| Swiss franc | CHF | 1226.268 | 1225.655 |
| Swedish krona | SEK | 142.231 | 142.160 |
| Norwegian krone | NOK | 142.096 | 142.025 |
| Danish krone | DKK | 178.517 | 178.428 |
| Japanese yen | JPY | 11.140 | 11.135 |
| Special Drawing Rights |
SDR | 1662.140 | 1661.309 |