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Mrs. BGG
Iraqi Dinar/Dollar auction 10-19-16 (most recent listing)
Currency Auctions Announcement No. 3300
This daily currency auction was held in the Central Bank of Iraq on the 10-19-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 14 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 146,492,691 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 146,492,691 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric. – Thomas Sowell
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Iraq to the whitelist financially
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BAGHDAD – Tariq al – Araji , The testimony of the highest international working group it ‘s time to reap the fruits of the work done by the government of the reforms and the Central Bank of the economic measures, as it plans to highest international group to monitor the money moving internationally to get Iraq out of the gray white list to which confirm confidence of the world in Iraq financially.
Governor of the Central Bank on the Keywords said in a statement »Sabah»: the «central work on activating laundering office money and give him the powers of the administrative and fiscal conservative and full independence after undergoing rehabilitation capabilities of operations with international support and coordination with international organizations».
he said it was «expected to qualify this thing Iraq to get out of the black danger zone , which was threatened them to get out of the gray , which is currently classified where is warned area and move to white in January, according to the financial action Task Force (fatf) ».
and know FATF as« an intergovernmental body the task of studying the techniques and trends of money laundering and financing of terrorism, preparing and developing policies to combat money laundering and financing of terrorism , both domestically and internationally ».
Keywords noted that this step increases the confidence of the world in Iraq , financially and economically, in addition to contributing to reduce the fiscal deficit, indicating that it (Transitional) It came after government reforms and the central bank.
www.alsabaah.iq
rcookie (Dinar Guru) – [In your opinion, what stages are they at as far as the PFM and Investment Law.] BOTH HAVE BEEN ADJUSTED AS PER EXPECTATIONS AND AWAIT VOTE…BOTH ARE SO INTEGRAL IN IQD VALUE INCREASE…IN BOTH ATTRACTING/CAPTURING AND RETAINING FDI….AND MEANS IN WHICH THEY PROCESS AND SPEND GLOBAL LOANS AND GRANTS OF FUNDING FOR DEVELOPMENT PROJECTS OF LIBERATED AREAS….WILL NOT BE BUSINESS AS USUAL…
Read More: http://www.dinarupdates.com/observer/
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SteveI (Dinar Guru) – Article: “Federal Police forces recapture 56 oil fields from ISIS near Mosul” Quote: “this morning, Iraqi Federal Police forces managed to recapture 56 oil fields from ISIS control near the area of Ain al-Gahsh in Qayyarah axis, south of Mosul.” “Security forces are still achieving progress on all battle fronts to liberate the city of Mosul…” Good stuff!
Read More: http://www.dinarupdates.com/observer/
Cabinet sends next year’s budget to parliament in 2017
BAGHDAD / Baghdadi Uz..aaln Prime Minister Haider al-Abadi, on Tuesday, sending next year’s budget to the House of Representatives for a vote, noting that the Council of Ministers also agreed to launch a massacre amounts Spyker families compensation.
Ebadi said at a news conference attended by the correspondent / Baghdadi News / “The Council of Ministers has completed discuss next year’s budget and sent it to parliament for a vote before the end of this year,” noting that “the budget included a former oil deal with the Kurdistan region.”
“The board reshuffled the general amnesty law in coordination with the political blocs in the House of Representatives,” noting that “This amendment will ensure that the release of criminals and terrorists.”
He noted that “the Council of Ministers also approved in today’s session to launch amounts Spyker massacre that claimed the lives of 1,700 students at the hands of the terrorist organization Daesh families compensation, also acknowledged the integration of retired workers and the private pension fund” .anthy 21 / d project (Thanks Da58)
albaghdadianews.com
rcookie (Dinar Guru) – Article: “Cabinet sends 2017 budget to parliament” Quote: “the Council of Ministers sent the draft 2017 budget bill to the House of Representatives in order to vote on them.” 2017 BUDGET OFFICIALLY IN PARLIAMENT…
Read More: http://www.dinarupdates.com/observer/
BGG ~ This part probably refers to the agreement “codified” in previous budgets… still good news… “the budget included a former oil deal with the Kurdistan region.”
Josie says:
THIS IS SAYING THE 2017 BUDGET HAS BEEN SENT TO PARLIAMENT AND INCLUDES THE HCL
rcookie says:
TRY NOT TO PASS OUT…..
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Economy after the war on «Daesh»
Samir Abbas Alnasiri – Interested in postwar planning against «Daesh» terrorist phase in terms of the allocation of resources in the budget and benefit from loans and grants and international aid in the reconstruction of cities liberated and activate and stimulate the private sector and encourage him to contribute with the government in the implementation of their plans as well as the rehabilitation of human resources in the removal of the effects of war in terrorism and the decline in world oil prices and the suffering of the government and the people displaced from the economic and security crises and examine the reality of the Iraqi economy during the years (2014-2016) as well as the fee strategy and new economic vision of economic construction for the next five years beyond the expulsion «Daesh» and the liberation of all occupied lands , and specifically for the years ( 2017 – 2021) through: –
1 – allocation of 50 percent of the assignments was to monitor the costs of the war on terrorism for the purposes of the reconstruction of liberated areas in addition to the allocations reconstruction fund allocated to international and grants to this goal.
2 – establish a body or a large enterprise specialized for financing small and medium enterprises and the formation of banking system of cooperation and coordination with them under the supervision of the Central Bank and the Association of banks in collaboration with the Ministries of planning and Development cooperation, Agriculture, Industry and Finance to lay the foundations and operational mechanisms for application in the liberated provinces to achieve the goal of rehabilitation of young people, particularly graduates of the sons of these provinces to set up small and medium – economic projects to convert them from the unemployed to the productive contribution of older persons in building the national economy.
3 – the founding of the Bank for development and investment in which the government ‘s share is not more than 25 percent of the capital and the private sector contributes Baktaath all for large in the capital and managed the mentality of the market economy and is subject to the control and supervision of the central Aalpennek and the Office of financial supervision and be governmental role focuses on support the attribution and identification of large development and investment projects that contribute to the funding.
4 – allocation of funds from the international Monetary and banks and financial institutions will get Iraq for the next three years to set up industrial zones and supporting the large contribution of the private sector agricultural projects and young graduates to diversify non – oil resources fund loans.
5 – the Central Bank and the Association of banks and the private sector, civil society organizations and the private banks to achieve economic and social objectives of the organization and leadership campaigns to finance and reconstruction projects that serve vast segments of society and reduce the unemployment rate similar to the rehabilitation of Rasheed Street and public squares in Baghdad called by the central bank.
6 – Playback considering the laws of the legislative environment governing the economic process, particularly investment banks and the central bank and stock market laws and registration of companies , including helping to lending operations tax and settling accounts and guarantees required from entrepreneurs and the mechanism for the payment of their dues
7 – the development and activation and implementation of the government ‘s plans in e – government applications and proactive control electronics that limit operations administrative corruption and financial support .
8 – activation of the Council of Ministers ‘ decision to establish a Deposit Insurance Company that was the target of the founding restore public confidence in the trust sector , the Iraqi banking and increase the savings rate among banks rather than compactness in their homes , and their impacts on the contribution of funds of citizens in sustainable development to be urged and bind government and private banks to contribute to this company
9 – the structural and institutional reconstruction of the economy development of the foundations essential for the management of the economy and infrastructure , a Supreme Council for economic reform and approval of the draft law submitted three years ago and did not approve of the House of Representatives and the establishment of the National Provident Fund or the Sovereign Provident Fund to pool resources in non – oil and oil in excess of the planned sale price rates in the annual budgets as well as the establishment of the national Commission for decades , investment and trade and the withdrawal of all contractual powers vested
ministries.
10 – the establishment of the National Council for the ages rather than the current Housing Fund and the reconstruction of liberated cities of «Daesh» and the feasibility study for all large investment projects and infrastructure projects submitted by the provinces and monitor allocations have and the reviewing and monitoring and evaluation.
11 – the establishment of the National Center for Rehabilitation and distribution of human resources and specializes in the rehabilitation and training of graduates and their distribution between rehabilitation centers , government and private training prior to their appointment centrally in the state ministries and private sector projects, according to the development plan and budget requirements Alsnobh.
12 – the establishment of the National Center for consulting and strategic studies to attract all the talent and expertise of Iraq at home and abroad for the purpose of providing the governmental institutions and the private sector leadership of the administrative and technical (technocrats) for the management of all state institutions without quotas and consensual.
Read More: http://www.dinarupdates.com/showthread.php?42586-Economy-after-the-war-on-%ABDaesh%BB-10-18
Start of the second phase of the liberalization of Mosul, with great success to Iraqi forces
Mosul «Quds Al-Arabi»: Joint Iraqi forces, announced the start of the second phase of operations (coming, Nineveh) to liberate Mosul of al «State» amid the success of the forces in restoring towns and villages in many areas.
Iraqi military sources announced that the band 15 forces of the Iraqi army had been launched, on Tuesday, in the liberation of the city of Mosul process towards the villages (Alahud, Zake, hid it, listed) that fall within the axis of Qayyarah south of Mosul, to launch them in the coming days about hand Shore bathroom Alil.
According to military media cell, the 15 pieces of the band managed to free Alahud village in the southern hub of the city of Mosul, adding that those cuts raised the Iraqi flag over the village after the enemy to inflict great losses in lives and equipment, while the clashes are still taking place in other villages.
Pieces ninth Armored Division had reached the outskirts of Hamdania spend southeast of Mosul, while the fighters withdrew from the villages of the organization in the region.
According to the military sources, the first phase of the restoration of Mosul, which is supposed to reach during the Peshmerga forces at the center of Khazar east of Mosul to spend Hamdania, achieved positive results within the targets set for it. Within the second phase of the plan of attack, the 15 Division troops in the Iraqi army managed to free three villages in the hand] advice, (60 km south of Mosul), while managed joint forces of the ninth division of the Iraqi army and the fight against terrorism to impose siege on Hamdaniya district, north of Mosul , four axes, and began shelling the city center shelling with artillery and mortars to break down defenses and locations of the organization and preparation for the storm.
The second phase will be related to storm Hamdania springboard for Iraqi forces to restore Hamdania spend, which represents the closest geographic points to the city of Mosul (10 kilometers).
It also announced military media cell, the liberation of the village «Alzakh» south of Mosul and raising the Iraqi flag over it. The statement said the cell, said that «pieces of the band 15 in the liberation of Nineveh operations Alzakh liberated the village and raise the Iraqi flag after the enemy to inflict loss of life and equipment».
She said the cell, that «the people of the villages and Alahud Alzakh Antqdon against Aldoaash and kill terrorist elements and supporting Iraqi Army». According to another statement of the cell on Tuesday, he said the Iraqi army also managed to restore the village Alsart north of Qayyarah.
The Army Chief of Staff Gen. corner Othman al-Ghanemi, said in an interview with the (long-Presse), during his stay with the Ninth Division troops in the south-eastern axis of the city of Mosul, said that «our forces moving here from three axes according to what we have planned, but has been accelerating implementation of the plan as a result of the collapse of the enemy and Anhzamh », indicating that« the part of these forces collar Hamdania and another section continuous progress of the other axis », adding that« coalition forces provided air attribution us and everyone is satisfied with the performance.
Peshmerga commander declared that the battle is ongoing and may take a long time depending on the degree of resistance «organization« attacked the joint forces it.
He said Jabbar Yawar, Secretary General of the Ministry of Peshmerga in a televised interview «Quds Al-Arabi» I followed that the Kurdish forces were able on the first day of the battle of liberation eight villages and an area of land of up to 200 square kilometers, pointing out that the elements of the organization morale suffered a major collapse, and their resistance is weak only planting explosive devices and the use of car bombs and suicide bombers, some, describing this technique not feasible to halt the progress of the joint forces as it became known.
He stressed that the liberalization of Mosul, a plan for each identified target strength and Mahmor role and to work within it, and that the Peshmerga (four thousand fighters) have a specific focus of the Nineveh Plain, stressing that the troops would enter Mosul is the army and the federal police and local police.
A statement of the Peshmerga that liberated villages are Baschrh and Destructive Sultan and Kprli and Bazkurdan and vertical small camel and camel large and Sheikh Amir, was also edit Kashi plant west Hassan Cham. Also, the operations also resulted in the destruction of four wheels bomb belonging to the terrorist organization.
Within the context, the security sources, reported that a large convoy of regulation was destroyed aerial bombing at the Iraqi-Syrian border, indicating that the convoy was comprised Anaasra Arabs and foreigners who were trying to escape towards the Syrian tenderness.
The sources, that the convoy consisting of about 30 vehicle was carrying Arab elements and foreign organization, which resulted in the destruction of a convoy of aircraft and killing most of it. »
Within the context, security sources reported that the anti-terrorism forces carried out a landing air, through which control the sulfur plant Mishraq south of the city of Mosul. It occupies edit mentioned the lab of organization of strategic importance because of the many fears of the possibility of using stocks of chemicals by the organization in the preparation of chemical weapons to bomb the joint forces during the battle.
And participate in the process (coming, Nineveh) to liberate Mosul of al «State» about 30 thousand element of the Iraqi government troops from the army, police and anti-terrorist forces and Peshmerga fighters and tribes, and the support of the international airline alliance.
While intelligence information indicates that the number of militant organization in Mosul and its environs, ranging between 3-5 thousand armed.
Observers hope that the organization resorted to flee from Mosul, in the battle to shorten the time and reduce the human and material losses in the city, which is still about a million of the trapped civilians.
www.alsabaah.iq
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Babylon attracts investment
BAGHDAD / morning at a time when Babylon Investment Commission announced the investment license granted within the tourism sector at a cost of 4.5 billion dinars in the city of Hilla , the center of which is the eighth investment license during the current year, and a specialist in economic affairs stressed the importance of these projects that contribute to moving the labor market more effectively .
Director General Dr. Nasr Hammoud Msenan said: Babylon Investment Commission and within the support of the tourism sector orientation has been granted an investment license to create a swimming pool and sports entertainment and other events in the city of Hilla center.
the president of the Commission that the cost of the project is estimated B4,5 billion dinars, pointing out that this investment license is the eighth license granted by the Commission during the current year, indicating that the project implementation period is 12 months.
the portfolios include Babylon many investment opportunities in all areas of the province which has an important strategic location in central Iraq and linking the highway and railway with most regions of the country.
He added Msenan the investment Authority of Babylon is outstanding currently among investment authorities in the provinces the fact that our body is a serious and continuous work on the subject of granting several investment licenses in all sectors as well as the completion of a lot of investment projects , in addition to that there are a lot of projects undergoing work advanced.
turn competent in economic affairs Hasan Ali Abdul Karim said that the granting of an investment license at the present time is very important and is working to move the labor market and activate chock sectors, and will provide jobs for a large segment of young people in various disciplines, and move transfers required by the implementation of project operations .
Abdul Karim noted the importance of investment with global and regional corporate bodies continue to call for the establishment of investment projects in Iraq, especially as the volume of work in a large country is economically feasible.
www.alsabaah.iq
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Iraq:
Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1299.373 | 1298.723 |
| British pound | GBP | 1451.614 | 1450.888 |
| Canadian dollar | CAD | 902.015 | 901.564 |
| Swiss franc | CHF | 1195.388 | 1194.791 |
| Swedish krona | SEK | 134.289 | 134.222 |
| Norwegian krone | NOK | 145.075 | 145.003 |
| Danish krone | DKK | 174.630 | 174.543 |
| Japanese yen | JPY | 11.385 | 11.379 |
| Special Drawing Rights |
SDR | 1630.344 | 1629.529 |