Word for the day…
Mrs. BGG
Iraqi Dinar/Dollar auction 01-15-17 (most recent listing)
Currency Auctions Announcement No. 3359
This daily currency auction was held in the Central Bank of Iraq on the 1-15-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 34 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 148,624,920 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 148,624,920 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Underlying most arguments against the free market is a lack of belief in freedom itself. – Milton Friedman
*** Current News ***
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Don’t MISS – “NEWS TIME” w/BGG & Company – Jan 15th 6:30pm CST – In the DU CHAT Room!!
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Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed
BAGHDAD / Tomorrow Press – The Central Bank, said on Sunday that there is full control of the Iraqi dinar, revealing that the deletion of zeros from the currency, deferred for the time being.
The governor of the bank, on the Keywords, for “tomorrow’s Press,” that “the rumors about the Iraqi dinar at risk and prone to degradation and decline in comparison with other currencies as dollar, is not true,” adding that “Msatralih dinar fully and that in progress.”
He added, “The Bank operates in accordance with the monetary and fiscal policies which are managed accurately and feminization and that the issue of preservation of the Iraqi dinar of the priorities of his interest, but it’s at the heart of his work.”
And on the application of the process of deleting the zeros of the Iraqi currency, Keywords, said that “the Iraqi Central Bank did not specify a date for the”.deletion of zeros from the currency dinar, noting that “subject to availability of appropriate conditions, including the general stability in the country.”
He stressed the central bank governor and the agency, the need to “ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion.”
SO A REPORTER FROM TOMORROW PRESS ASKS ALAK IF THE DINAR IS IN DANGER AGAINST OTHER CURRENCIES AND HE SAID NOT AT ALL WE ARE CONSTANTLY MONITORING IT, HAVE PROCESSES IN PLACE AND HAVE EVERYTHING UNDER CONTROL.
THEN THE REPORTING ASKS HIM WHEN THE DELETION OF THE ZEROS PROJECT WILL START AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO!
NO EARTH SHATTERING INFORMATION HERE. THIS IS WHAT WE’VE TALKED ABOUT COUNTLESS TIMES ON DU. IT IS A PROCESS THAT WILL ONLY BE IMPLEMENTED WHEN ALL OF THE METRICS THEY ARE LOOKING FOR ARE MET. THIS WILL GIVE THEM THE GREATEST POSSIBILITY OF SUCCESS. TO DO IT ANY OTHER WAY WOULD BE CRAZY… – LOOPSTER
loop (Dinar Guru) – Article: “Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions” IMO it is another part of the deletion of the zeros process falling into place. They will be able to track where all the money goes on an international level, which will ensure that the funds do not go to anyone on the blacklist.
Read More: http://www.dinarupdates.com/observer/
Dinar Updates – “Behind the Scenes!!”
Friday – Jan 13th
w/RCookie, Mr White,
Daytrader and Hutch!!
Click-N-Listen (link below)!!
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Arthur (Dinar Guru) – Two days ago we saw a CBI announcement calling for the “conversion” of what they call “uncles” which we have translated to mean the large notes held in Iraq and perhaps even globally. We then saw them transport a large amount of money to their largest bank which they say ended their over 2 year long severe liquidity crisis and IMO will facilitate this massive conversion from the aforementioned “uncles” to their lower denominations thus beginning the delete zero project on schedule in “early 2017”. [post 2 of 2]
Read More: http://www.dinarupdates.com/observer/
Zidane successor to Mahmoud in the Presidium of the Supreme Judicial Council
Baghdad balances News – Announced that the federal judiciary, Sunday, all presided over by the Federal Cassation Court judge Zidane super Presidium of the Supreme Judicial Council, succeeding Medhat al-Mahmoud.
She said in a statement received power / balance News / copy of it, “Palestinian Authority Chairman Medhat al-Mahmoud, president of the Federal Cassation Court Judge ultra Zidane received in the presence of a major prosecutorial and judicial oversight body device.”
The statement added that “Mahmood congratulated the President of the Federal Court of Cassation issuance of the Supreme Judicial Council, who was appointed president of the new law to the Supreme Judicial Council Act, and wished him Muwafaqiya in his new mission.”
For his part, Zidane affirmed “its commitment to the march of the judiciary over the past years.”
He pointed out, it “will maintain the independence of the judiciary and the administration of justice in the country on the approach that was pursued by the Supreme Judicial Council since its inception until today, especially since the head of the Supreme Judicial Council appointed was involved in the judicial process emerging” .anthy 29 / A 43
Mawazin.net
Iraq:
If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.
DayTrader
IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)
Arthur (Dinar Guru) – …we see several key progressive movements over just the past few days that give rise to much excitement and anticipation. Iraq’s IBAN (International Bank Account Number) that every country needs to conduct international banking and commerce that was set up in December went into full effect on January 2nd giving Iraq the ability to do banking and commerce with the international community. [post 1 of 2….stay tuned]
Read More: http://www.dinarupdates.com/observer/
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Rasheed: Direct selling the dollar early this week
Baghdad balances News – Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week.
The bank said in a statement received / balances News / copy of it, he was “the beginning of this week will begin selling the dollar for travelers across five branches.”
He added, “The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence,” pointing out that “the sale will be at the official rate,” .anthy 29 / A 43
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1229.584 | 1228.969 |
| British pound | GBP | 1455.018 | 1454.290 |
| Canadian dollar | CAD | 881.083 | 880.643 |
| Swiss franc | CHF | 1150.073 | 1149.498 |
| Swedish krona | SEK | 129.489 | 129.425 |
| Norwegian krone | NOK | 136.601 | 136.532 |
| Danish krone | DKK | 165.398 | 165.315 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1582.534 | 1581.743 |