Word for the day…
Mrs. BGG
Iraqi Dinar/Dollar auction 01-25-17 (most recent listing)
Currency Auctions Announcement No. 3367
This daily currency auction was held in the Central Bank of Iraq on the 1-25-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 169,678,520 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 169,678,520 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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*** Current News ***
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from Jan 23rd – Smart phone user link – Click here
MadDScout (Dinar Guru) – Article: “Rasheed Bank in line with an international company of the Comprehensive Banking System Requirements” More banking reform being implemented…Laws being applied evenly…Upgrading the technology and moving into “international” requirements…
Read More: http://www.dinarupdates.com/observer/
The continuing decline in the dollar prices in local markets
Bourse struggle – Baghdad 127.450, while the Stock Exchange for the fight on Monday 128.600
Buying and selling in shops banking rates
Dollar selling price = 128,000 dinars.
The purchase price of the dollar = 127,000 dinars.
Loop (Dinar Guru) – Article: “High degree of optimism about Iraq’s credit rating” Quote: “The rating agency Standard & Poor’s, the largest credit rating agencies in the world, has recently proven its credit rating for Iraq at B- / B in spite of the fluctuation of oil prices and a height of caution and gave him a stable outlook.” the (S & P) pointed out that Iraq possesses huge reserves and has substantial oil exports, thereby reducing the concerns in this area. …ASK YOURSELVES THIS…WHAT HAS CHANGED? IF…ALL THIS NEWS DOES NOT MAKE YOUR SMILE THEN YOU NEED TO REREAD THE NEWS FOR THE LAST 4 MONTHS.
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Iraq opens the door to possibilities deletion of zeros from the local currency (16/1/2017)
Baghdad (Iraq 24) – Iraq opened the door to possibilities deletion of zeros from its currency, where the Central Bank of Iraq, said that there is full control of the Iraqi dinar.
The governor of the bank on the Keywords in a press statement, 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.”
…” adding that “Msatralih dinar fully and that in progress.”…
Another posted this translation:
Msatralih (verb)
1) to make a new or revised valuation of;
2) to increase the legal exchange value of ( a nation’s currency ) relative to other currencies
wmawhite: Msatralih dinar fully and that in progress.
Msatralih dinar fully and that in progress.
wmawhite: …” adding that “Msatralih dinar fully and that in progress.”…
Okie Dinar: Awesome!
BGG: BIG TIME!!
wmawhite (Dinar Guru) – Article: “Iraqi Central Bank, all banks to stop providing drafts bills and import licenses on the sale of currency window, pointing to comply with the electronic system” This is significant. The IMF encourages all central bank to have the exchange/sale of foreign currencies within their country to reside within the banking system. Not at the central bank. This article shows that the CBI is engaged in completing that task. The CBI just put out the instructions a week ago and today it is telling the banks to get with it, follow the instructions.
Read More: http://www.dinarupdates.com/observer/
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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG
Robert Cook CSW CSS CBP CST CTC
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…)
German Expert: Maliki stumbling block to reforms Abadi and will not return to rule Iraq
Twilight News / saw the German political expert on democratic development in Iraq Udo Steinbach to the possible return of Nuri al – Maliki as prime minister in Baghdad minimal.
He attributed the German expert opinion, the presence of many forces would prevent his return to the job, pointing out that the current Iraqi Prime Minister Haider al – Abadi succeeded to a relatively far in trying to govern Iraq away from sectarianism.
And sparking speculation on the intention to return to al – Maliki as prime minister is that his bloc in parliament had taken steps to investigate and dismiss the government Abadi.
Maliki , who is still replaced Haider al – Abadi as prime minister in 2014 after the takeover of the organization “Daesh” a third of the territory of Iraq and one of the most influential figures in the country. He pointed out in a television interview in July 2016 interview to the possibility of his return to the previous office.
Here comes the modern, post – waving President of the Kurdistan region , Massoud Barzani, said he will announce the independence of Kurdistan immediately, because what al – Maliki returned as prime minister.
It was not al – Maliki political relationship during his tenure as prime minister for good with Barzani. Because “things were not clear with respect to the balance of power and the distribution of oil revenues, and that al – Maliki has taken a Shiite sectarian political approach in governance , ” says Steinbach.
Arose between Maliki and Barzani since the beginning severe tensions, it is expected to continue these tensions if al – Maliki returned to Iraq governor again.
“Even at the moment what Maliki still aims Bhrr firearm annoying” – in the words of Steinbach- and still enjoy considerable influence in Iraq, and is now trying as it was the previous increase in Iranian political influence in Iraqi politics, “and remains a stumbling block to the political restorative that Abadi espoused. ” Therefore , “it is advisable not to back al – Maliki to power , but that al – Abadi continue to guide built on the basis of Iraq ‘s independence” policy approach, as suggested Steinbach.
It stresses Steinbach that Maliki ‘s return to power means trying to consolidate Shiite influence at the expense of others in the country, adding , “But in the past we have seen that this approach was wrong because al – Maliki in which division deep inside Iraq rather than reconciliation Iraqis among themselves”, including the Kurds.
Steinbach notes that the current Prime Minister Haider al – Abadi ” is not perfect, but at least try to take advantage and learn from past mistakes Maliki administration in dealing with the Sunni Arab segment of the Iraqi people as well as for co-existence with the Kurds of Iraq.”
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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 |