Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 01-26-17 (most recent listing)

Currency Auctions Announcement No. 3368

This daily currency auction was held in the Central Bank of Iraq on the 1-26-2017

The results were as follows:

DETAILS	NOTES
Number of banks	35
Number of remittance companies	18
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	174,951,403
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	174,951,403
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
______________________________________________________________

Liberty and responsibility are inseparable. – Friedrich Hayek

*** Current News ***

Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/BGG, Loop & WMAWhite – Jan 29th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

Aggiedad77 (Dinar Guru) –   Article:  “Jaafari heads the meeting implementation of the strategic framework agreement signed between Iraq and the United States”   …this article…IMHO…speaks volumes without coming out and saying so much at all…cooperation where there was none…without it saying so to me it talks of a certain trip that was made but was unheard of…now we see files being shared…plans being made…signatures… activation of agreements…mechanisms being implemented…my word…more work has been done of late than in the last…well you figure that out…the BEST is coming.

Read More: http://www.dinarupdates.com/observer/

THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Friday-January-27th-2017

Kaperoni (Dinar Guru) –   Article:  “Secretary General of the Council of Ministers attending the first meeting of the initiative (Take a Baghdad)”    This looks like a pretty big deal…The CBI is meeting…”to discuss the projects and the stages of work, and move on to the preparation of drawings and bills of quantities and implementation programs.”

Read More: http://www.dinarupdates.com/observer/

A Dinar Round Table Call
“with the whole DU Crew!!”
Tues – Jan 31st – 7:00 pm CST
641-715-3640 pin#528733
or Click-N-Listen (link below)!!

from Jan 23rd – Smart phone user link – Click here

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!!

BGG (Dinar Guru) –    CBI still hasn’t updated the indicative rates (since 1/4/17) on the CBI – something is going on. What that change means?  Hard to say…but the flip side is – to say it means nothing is a little arrogant.  [its never been this long before…]  Shoot – never been more than several days.

Read More: http://www.dinarupdates.com/observer/

______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

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

SBA 2016 RECAP

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…)

12162016

Exchanging fire across the Tigris as battle for west Mosul looms

By Michael Georgy | MOSUL

An Iraqi soldier stared patiently through a high-powered scope until he spotted a bulldozer across the Tigris River. He alerted his elite unit, which fired a missile with a boom so loud it blew a metal door behind the soldiers off its hinges.

The target, which was being used to dig earth berms to fortify Islamic State positions, exploded into a blaze that sent white smoke into the sky.

Militants could be seen gathering at the bulldozer as it burned. Some arrived on foot, others in a pickup truck or on a motorcycle, seemingly unfazed by the prospect of another rocket landing.

“The terrorist driving that bulldozer is burning. He is cooked,” said Mostafa Majeed, the soldier manning the scope.

In three months of Iraq’s biggest military operation since the fall of Saddam Hussein in 2003, government forces have seized most of east Mosul.

But they have yet to cross the Tigris, leaving the western half of the city still firmly in the hands of the jihadists, who declared their caliphate here two and a half years ago.

Now, the troops are firing across the river to harass the militants and disrupt their fortifications, in preparation for the next phase of the campaign: the fight for the other side.

“The idea is to keep making life tough for them from our position, to kill them and prevent them from escaping as other forces surround them from other directions,” Major Mohamed Ali told Reuters.

The methodical advance of Iraqi forces is a sharp contrast to 2014, when the army collapsed and fled in the face of a force of only an estimated 800 Islamic State militants that swept into Mosul and swiftly seized a third of Iraq.

The soldiers appear disciplined as they position themselves on rooftops behind green sandbags, painstakingly watching the militants’ every move through binoculars and scopes, hoping to get a clear shot with sniper rifles.

To get a closer look, the men send up a computer-operated white drone aircraft, propelling it over Islamic State territory for more accurate intelligence.

Islamic State militants are gathered at their stronghold of Abu Seif village below steep hills and Mosul Airport, just beyond the Tigris.

The group is expected to put up fierce resistance when the next phase of the offensive kicks off, possibly within days.

If the militants lose Mosul, that would probably mark the end of their self-proclaimed caliphate that has ruled over millions of people in Iraq and Syria. Iraqi authorities and their U.S. allies still expect the fighters to wage an insurgency in Iraq and inspire attacks against the West.

Militants could be seen, through a scope, monitoring the rapid reaction force from the other side of the river.

“They watch us, we watch them,” said Majeed as he spotted a vehicle on the move.

Although there are plenty of rockets like the one that took out the bulldozer, the Iraqi forces say they use the heavy weapons only against important targets or when there is a substantial gathering of jihadists in one spot.

“If it is fewer than nine terrorists we hold fire,” said one soldier.

Snipers are used more freely. One hid a few hundred feet from the east bank of the Tigris and opened fire every ten minutes or so.

Hours after the rocket demolished the bulldozer, Islamic State retaliated, firing a series of mortars towards the rapid reaction force.

One crashed a few streets away. Another landed closer. A third hit the river about 200 meters away.

(Editing by Peter Graff)

Read More: http://www.dinarupdates.com/showthread.php?45915-Exchanging-fire-across-the-Tigris-as-battle-for-west-Mosul-looms

______________________________________________________________

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

Indicative rates – 01.28.2017

http://www.cbi.iq/

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 01-26-17 (most recent listing)

Currency Auctions Announcement No. 3368

This daily currency auction was held in the Central Bank of Iraq on the 1-26-2017

The results were as follows:

DETAILS	NOTES
Number of banks	35
Number of remittance companies	18
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	174,951,403
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	174,951,403
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
______________________________________________________________

The world turns aside to let any man pass who knows where he is going. – Epictetus

*** Current News ***

 A Dinar Round Table Call
“with the whole DU Crew!!”
Tues – Jan 31st – 7:00 pm CST
641-715-3640 pin#528733
or Click-N-Listen (link below)!!

from Jan 23rd – Smart phone user link – Click here

Kaperoni (Dinar Guru) –   Article:  “Parliament calls for financial follow-up funds allocated through auction currency imports”   Quote:  “Float the currency and pointed to the possibility of the application of the currency was floated , such as what happened in Egypt and leave the supply and demand of the process is controlled by the exchange rate and the possibility that service to the economy of the country…”   Sounds like Dr. Magda Tamimi is pushing to get off the peg and float the dinar.

Read More: http://www.dinarupdates.com/observer/

THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Friday-January-27th-2017

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/

 A Dinar Conference Call
“For Dinar INFO that matters!!”
 from Mon – Jan 23rd
w/Loopster, BGG & more!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

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/

Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/BGG, Loop & WMAWhite – Jan 29th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

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

SBA 2016 RECAP

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…)

12162016

Exchanging fire across the Tigris as battle for west Mosul looms

By Michael Georgy | MOSUL

An Iraqi soldier stared patiently through a high-powered scope until he spotted a bulldozer across the Tigris River. He alerted his elite unit, which fired a missile with a boom so loud it blew a metal door behind the soldiers off its hinges.

The target, which was being used to dig earth berms to fortify Islamic State positions, exploded into a blaze that sent white smoke into the sky.

Militants could be seen gathering at the bulldozer as it burned. Some arrived on foot, others in a pickup truck or on a motorcycle, seemingly unfazed by the prospect of another rocket landing.

“The terrorist driving that bulldozer is burning. He is cooked,” said Mostafa Majeed, the soldier manning the scope.

In three months of Iraq’s biggest military operation since the fall of Saddam Hussein in 2003, government forces have seized most of east Mosul.

But they have yet to cross the Tigris, leaving the western half of the city still firmly in the hands of the jihadists, who declared their caliphate here two and a half years ago.

Now, the troops are firing across the river to harass the militants and disrupt their fortifications, in preparation for the next phase of the campaign: the fight for the other side.

“The idea is to keep making life tough for them from our position, to kill them and prevent them from escaping as other forces surround them from other directions,” Major Mohamed Ali told Reuters.

The methodical advance of Iraqi forces is a sharp contrast to 2014, when the army collapsed and fled in the face of a force of only an estimated 800 Islamic State militants that swept into Mosul and swiftly seized a third of Iraq.

The soldiers appear disciplined as they position themselves on rooftops behind green sandbags, painstakingly watching the militants’ every move through binoculars and scopes, hoping to get a clear shot with sniper rifles.

To get a closer look, the men send up a computer-operated white drone aircraft, propelling it over Islamic State territory for more accurate intelligence.

Islamic State militants are gathered at their stronghold of Abu Seif village below steep hills and Mosul Airport, just beyond the Tigris.

The group is expected to put up fierce resistance when the next phase of the offensive kicks off, possibly within days.

If the militants lose Mosul, that would probably mark the end of their self-proclaimed caliphate that has ruled over millions of people in Iraq and Syria. Iraqi authorities and their U.S. allies still expect the fighters to wage an insurgency in Iraq and inspire attacks against the West.

Militants could be seen, through a scope, monitoring the rapid reaction force from the other side of the river.

“They watch us, we watch them,” said Majeed as he spotted a vehicle on the move.

Although there are plenty of rockets like the one that took out the bulldozer, the Iraqi forces say they use the heavy weapons only against important targets or when there is a substantial gathering of jihadists in one spot.

“If it is fewer than nine terrorists we hold fire,” said one soldier.

Snipers are used more freely. One hid a few hundred feet from the east bank of the Tigris and opened fire every ten minutes or so.

Hours after the rocket demolished the bulldozer, Islamic State retaliated, firing a series of mortars towards the rapid reaction force.

One crashed a few streets away. Another landed closer. A third hit the river about 200 meters away.

(Editing by Peter Graff)

Read More: http://www.dinarupdates.com/showthread.php?45915-Exchanging-fire-across-the-Tigris-as-battle-for-west-Mosul-looms

______________________________________________________________

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

Indicative rates – 01.27.2017

http://www.cbi.iq/

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Word for the day…

 

Mrs. BGG

Iraqi Dinar/Dollar auction 01-26-17 (most recent listing)

Currency Auctions Announcement No. 3368

This daily currency auction was held in the Central Bank of Iraq on the 1-26-2017

The results were as follows:

DETAILS	NOTES
Number of banks	35
Number of remittance companies	18
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	174,951,403
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	174,951,403
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
______________________________________________________________

Nearly all men can stand adversity, but if you want to test a man’s character, give him power. – Abraham Lincoln

*** Current News ***

 A Dinar Conference Call
“with the DU FaceBook Crew!!”
Thurs – Jan 26th – 7:00 pm CST
w/the FaceBook crew!!
641-715-3640 pin#528733
or Click-N-Listen (link below)!!

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.

Read More: http://www.dinarupdates.com/showthread.php?45844-The-continuing-decline-in-the-dollar-prices-in-local-markets&p=168720#post168720

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.

Read More: http://www.dinarupdates.com/observer/

 A Dinar Conference Call
“For Dinar INFO that matters!!”
 from Mon – Jan 23rd
w/Loopster, BGG & more!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

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/

Follow us on twitter @DinarUpdates !!

______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

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

SBA 2016 RECAP

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…)

12162016

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.”

Read More : http://www.dinarupdates.com/showthread.php?45864-German-Expert-Maliki-stumbling-block-to-reforms-Abadi-amp-will-not-return-to-rule-Iraq

______________________________________________________________

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

Indicative rates – 01.26.2017

http://www.cbi.iq/

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 01-24-17 (most recent listing)

Currency Auctions Announcement No. 3366

This daily currency auction was held in the Central Bank of Iraq on the 1-24-2017

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$)	164,459,579
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	164,459,579
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
______________________________________________________________

Those that say that individuals are not capable of changing anything are only looking for excuses. – Vaclav Havel

*** Current News ***

 A Dinar Conference Call
“For Dinar INFO that matters!!”
 from Mon – Jan 23rd
w/Loopster, BGG & more!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

BGG (Dinar Guru) –    …When there is a value change – we will know. The value of the Dinar was spoken to directly by the Gov of the CBI several times in the few days. Going down is not what he said.  …we are really close… they are handling financial, economic and currency reform items every day. The news about the Commercial Agencies Law being voted on shortly is HUGE. Big companies won’t go to Iraq if they have to hand their business over to an Iraqi.  We should be very encouraged.  The factual info is plenty encouraging.

Read More: http://www.dinarupdates.com/observer/

The advance granted to employees who have a smart card receives their monthly salary

Baghdad/SNG – Rafidain Bank, said Saturday that his predecessor granted 10 million dinars for State officials to have smart card activated receives her monthly salary.

The Bank’s information Office said in a statement, a copy of SNG received “a strategic plan on the Bank granted 10 million advance that an employee must have a smart card activated through resettlement of salaries in private savings accounts and activate the electronic tax receipt and pay her monthly salary, in addition to the payment of the insured who has previous advance advances.”

“The smart card is issued through his pledge to continue feeding the payroll every month on the same context through employee service covered by the advance provided the nearest branch of the Bank to disclose all of their salaries and all the details that I depend upon electronic form fields and sent a copy of the data on a disk (CD) and the book of the revolving head wave to section on safety supports detection and his pledge to provide salaries for employees of the full circle in that branch.

“The commitment that upon completion of the staff is called accounts under the names transferred to branches in accordance with the electronic form to get their signatures on contracts and then issuing the smart card.

The Ministry of finance had agreed on 18 September 2016 launch staff personal advances amounting to 10 million dinars for various purposes and according to the controls and instructions, while set conditions for the employee on this loan from has a smart card and amralmtkodm must not exceed 50 years.

Read More: https://www.facebook.com/groups/571383766355188/

1Bobby ~  These are the cards that will reduce the note count and add liquidity to the banks. Remember the 3 Ministries that agreed to have ALL employees salaries issued thru this card? Also the Rubber Industry agreed to the same with their employees (19,000 or so) This “10 million” advance was aimed at the :shortcomings” of the salaries due to the economic crisis.

Employees that sign up, thru the smart card, will be eligible for these advances. Just inner workings that have been going on for awhile now. They had to get the Ministries approval and get their ducks in a row before proceeding with this program. Bottom line is…..reducing note count, adding liquidity to the banks. Hope all that made sense. I’m sure others can add to it.

Loop (Dinar Guru) –   Article:  “International Monetary showing satisfaction of Iraq’s efforts to meet the credit requirements of the program”   Quote: “…satisfaction with the efforts made by the Ministry of Finance and the Central Bank of Iraq and other ministries in the area to meet the requirements of the program,” adding “it is going according to timings marked in the program,” according to the statement…it is going according to timings marked in the program…The IMF is satisfied with the progress of the SBA!  BOOM.

Read More: http://www.dinarupdates.com/observer/

Follow us on twitter @DinarUpdates !!

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!!

Loop (Dinar Guru) –    Article:  “Finance issued government bonds secured one billion dollars”   Quote:  “foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries, the issue is guaranteed by the United States government bonds.”   The EU BONDS ARE READY (ISSUED) AND THE FORIEGN BANK PRAISED THE INTEREST RATE ACHIEVED!  So what’s changed from last year? As evidenced by the shear number of MoUs and other agreements Iraq has made with countless countries. THE WORLD LIKES THE ACTIONS THE IRAQ HAS TAKEN TO CORRECT THEIR ECONOMIC COURSE AND THEY ARE SEEING THE POTENTIAL TO MAKE LOTS AND LOTS OF MONEY. AND THE SPEED AT WHICH THESE BONDS CAME OUT IS AMAZING!

Read More: http://www.dinarupdates.com/observer/

______________________________________________________________

DU Call – “Homage to RCookie!!”
 from Tues – Jan 17th
w/Hutch, Mr White, BGG & more!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

Be sure to join the Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

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

SBA 2016 RECAP

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…)

12162016______________________________________________________________

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

Indicative rates – 01.24.2017

http://www.cbi.iq/

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Word for the day…

Robert J Cook, III – Age 53 Of NJ, Passed away suddenly on January 16, 2017. He is survived by his beloved fiancee Melinda Keenan.

He is the devoted father of Grant Joseph and Ryan Andrew, loving son of Jacqulynn and the late Anthony Malatesta and the late Robert John Cook, II. Dear brother of Jeffrey Cook (Gwen) and uncle of Makenna Ann and Austin Joseph.

Robert attended Bishop Eustace and Cherry Hill East High Schools. He also played hockey with the Junior Flyers Organization and Penn State University, and coached youth hockey. He has worked as a general manager in the restaurant industry, and for many years in the wholesale distribution, marketing and sales of wine and spirits.

He recently embarked on his own venture in the production of organic wines as Vice President of Au Natureal, an organic premier wine manufacturer and distribution company. He was a certified premier wine specialist for the Sunbelt Group, national sales director for Charmer Sunbelt Group, a certified web design specialist and was lead consultant and advisor for an international investment group. Robert had a brilliant mind, enjoyed cooking, was a sommelier, and while being extremely kind-hearted and giving, had a tremendous sense of humor.

Relatives and friends are invited to the visitation 5-7pm and to the Memorial Service at 7pm on Saturday, January 21, 2017. Interment will be private.

Donate Here: https://www.gofundme.com/robert-cook-memorial-fund

Iraqi Dinar/Dollar auction 01-23-17 (most recent listing)

Currency Auctions Announcement No. 3365

This daily currency auction was held in the Central Bank of Iraq on the 1-23-2017

The results were as follows:

DETAILS	NOTES
Number of banks	31
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	155,429,453
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	155,429,453
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
______________________________________________________________

Every man is a damn fool for at least five minutes a day. Wisdom consists of not exceeding the limit. – Elbert Hubbard

*** Current News ***

 A Dinar Conference Call
“For Dinar INFO that matters!!”
 from Mon – Jan 23rd
w/Loopster, BGG & more!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

BGG (Dinar Guru) –    …When there is a value change – we will know. The value of the Dinar was spoken to directly by the Gov of the CBI several times in the few days. Going down is not what he said.  …we are really close… they are handling financial, economic and currency reform items every day. The news about the Commercial Agencies Law being voted on shortly is HUGE. Big companies won’t go to Iraq if they have to hand their business over to an Iraqi.  We should be very encouraged.  The factual info is plenty encouraging.

Read More: http://www.dinarupdates.com/observer/

The advance granted to employees who have a smart card receives their monthly salary

Baghdad/SNG – Rafidain Bank, said Saturday that his predecessor granted 10 million dinars for State officials to have smart card activated receives her monthly salary.

The Bank’s information Office said in a statement, a copy of SNG received “a strategic plan on the Bank granted 10 million advance that an employee must have a smart card activated through resettlement of salaries in private savings accounts and activate the electronic tax receipt and pay her monthly salary, in addition to the payment of the insured who has previous advance advances.”

“The smart card is issued through his pledge to continue feeding the payroll every month on the same context through employee service covered by the advance provided the nearest branch of the Bank to disclose all of their salaries and all the details that I depend upon electronic form fields and sent a copy of the data on a disk (CD) and the book of the revolving head wave to section on safety supports detection and his pledge to provide salaries for employees of the full circle in that branch.

“The commitment that upon completion of the staff is called accounts under the names transferred to branches in accordance with the electronic form to get their signatures on contracts and then issuing the smart card.

The Ministry of finance had agreed on 18 September 2016 launch staff personal advances amounting to 10 million dinars for various purposes and according to the controls and instructions, while set conditions for the employee on this loan from has a smart card and amralmtkodm must not exceed 50 years.

Read More: https://www.facebook.com/groups/571383766355188/

1Bobby ~  These are the cards that will reduce the note count and add liquidity to the banks. Remember the 3 Ministries that agreed to have ALL employees salaries issued thru this card? Also the Rubber Industry agreed to the same with their employees (19,000 or so) This “10 million” advance was aimed at the :shortcomings” of the salaries due to the economic crisis.

Employees that sign up, thru the smart card, will be eligible for these advances. Just inner workings that have been going on for awhile now. They had to get the Ministries approval and get their ducks in a row before proceeding with this program. Bottom line is…..reducing note count, adding liquidity to the banks. Hope all that made sense. I’m sure others can add to it.

Loop (Dinar Guru) –   Article:  “International Monetary showing satisfaction of Iraq’s efforts to meet the credit requirements of the program”   Quote: “…satisfaction with the efforts made by the Ministry of Finance and the Central Bank of Iraq and other ministries in the area to meet the requirements of the program,” adding “it is going according to timings marked in the program,” according to the statement…it is going according to timings marked in the program…The IMF is satisfied with the progress of the SBA!  BOOM.

Read More: http://www.dinarupdates.com/observer/

Follow us on twitter @DinarUpdates !!

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!!

Loop (Dinar Guru) –    Article:  “Finance issued government bonds secured one billion dollars”   Quote:  “foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries, the issue is guaranteed by the United States government bonds.”   The EU BONDS ARE READY (ISSUED) AND THE FORIEGN BANK PRAISED THE INTEREST RATE ACHIEVED!  So what’s changed from last year? As evidenced by the shear number of MoUs and other agreements Iraq has made with countless countries. THE WORLD LIKES THE ACTIONS THE IRAQ HAS TAKEN TO CORRECT THEIR ECONOMIC COURSE AND THEY ARE SEEING THE POTENTIAL TO MAKE LOTS AND LOTS OF MONEY. AND THE SPEED AT WHICH THESE BONDS CAME OUT IS AMAZING!

Read More: http://www.dinarupdates.com/observer/

______________________________________________________________

DU Call – “Homage to RCookie!!”
 from Tues – Jan 17th
w/Hutch, Mr White, BGG & more!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

 

Be sure to join the Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

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

SBA 2016 RECAP

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…)

12162016______________________________________________________________

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

Indicative rates – 01.23.2017

http://www.cbi.iq/

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Word for the day…

Mrs BGG

Iraqi Dinar/Dollar auction 01-22-17 (most recent listing)

Currency Auctions Announcement No. 3364

This daily currency auction was held in the Central Bank of Iraq on the 1-22-2017

The results were as follows:

DETAILS	NOTES
Number of banks	31
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	157,020,256
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	157,020,256
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
______________________________________________________________

The hardest thing in the world to understand is the income tax. – Albert Einstein

*** Current News ***

The advance granted to employees who have a smart card receives their monthly salary

Baghdad/SNG – Rafidain Bank, said Saturday that his predecessor granted 10 million dinars for State officials to have smart card activated receives her monthly salary.

The Bank’s information Office said in a statement, a copy of SNG received “a strategic plan on the Bank granted 10 million advance that an employee must have a smart card activated through resettlement of salaries in private savings accounts and activate the electronic tax receipt and pay her monthly salary, in addition to the payment of the insured who has previous advance advances.”

“The smart card is issued through his pledge to continue feeding the payroll every month on the same context through employee service covered by the advance provided the nearest branch of the Bank to disclose all of their salaries and all the details that I depend upon electronic form fields and sent a copy of the data on a disk (CD) and the book of the revolving head wave to section on safety supports detection and his pledge to provide salaries for employees of the full circle in that branch.

“The commitment that upon completion of the staff is called accounts under the names transferred to branches in accordance with the electronic form to get their signatures on contracts and then issuing the smart card.

The Ministry of finance had agreed on 18 September 2016 launch staff personal advances amounting to 10 million dinars for various purposes and according to the controls and instructions, while set conditions for the employee on this loan from has a smart card and amralmtkodm must not exceed 50 years.

Read More: https://www.facebook.com/groups/571383766355188/

1Bobby ~  These are the cards that will reduce the note count and add liquidity to the banks. Remember the 3 Ministries that agreed to have ALL employees salaries issued thru this card? Also the Rubber Industry agreed to the same with their employees (19,000 or so) This “10 million” advance was aimed at the :shortcomings” of the salaries due to the economic crisis.

Employees that sign up, thru the smart card, will be eligible for these advances. Just inner workings that have been going on for awhile now. They had to get the Ministries approval and get their ducks in a row before proceeding with this program. Bottom line is…..reducing note count, adding liquidity to the banks. Hope all that made sense. I’m sure others can add to it.

Follow us on twitter @DinarUpdates !!

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!!

______________________________________________________________

BGG (Dinar Guru) –     Kuwaiti Dinar is still considered a thinly traded “exotic”…Iraq is almost certain to land in this category… no biggie – it’s alot like you’re all sitting on a penny stock about to get listed on the big board – no matter where it goes, it’s gonna’ be good.

Read More: http://www.dinarupdates.com/observer/

DU Call – “Homage to RCookie!!”
 from Tues – Jan 17th
w/Hutch, Mr White, BGG & more!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

BGG (Dinar Guru) –   […do you find it odd we haven’t seen any statements from the World Economic Conference by Iraqi officials?]  I do – I find a lot of things VERY strange lately…so much progress – much like the IBAN being accepted and utilized and we heard about it a week later… anyone notice the CBI has updated their Currency Buy/Sell listing on their website since 1/4??  …very odd (to say the least)…we may have to be digging to find the exact time of any value change – we use to say “just check the CBI”.  That’s out the window…   …it’s gonna’ happen overnite – we will (hopefully) know quickly, but we might have to dig and verify.  IMHO.   [Is there any chance that we have already had a value change, but has not been posted on the CBI?]   anything is possible – but we have such broad contacts, I just doubt it has.  [If we dont look at the CBI for the rate change, where will we find that information?]   We’re gonna’ be looking at everything in context… probably some kind of “inter-bank memo” since they in the process of “re-engaging” right now.  [can they have a rate and not showing it? How are they doing business other wise?]  …the “not showing” part is not a long term thing – we’ll know pretty soon. No matter what.

Read More: http://www.dinarupdates.com/observer/

Be sure to join the Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

Breitling (Dinar Guru) – …It’s not what they’re saying it’s what they’re doing is what you need to understand the most…the CBI said they’re going to raise the value of their currency.  The Ministry of Planning, parliament say the value is going to go up.  I don’t need them to say anything if I’m watching their maneuvering and I understand how they’re going to compete.  Then I understand how they’re going to add value to their currency.  I really don’t have to hear anybody “say” anything.  I just watch what they do.  It’s not what they say it’s what they do that’s most important and the CBI is maneuvering in our favor if you’re investing in Iraq.  So don’t get too crazy on what everybody says…just watch what the CBI does.  Watch what the ministry of Planning is doing and how they’re doing it.

Read More: http://www.dinarupdates.com/observer/
______________________________________________________________

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

SBA 2016 RECAP

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…)

12162016______________________________________________________________

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

Indicative rates – 01.22.2017

http://www.cbi.iq/

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Word for the day…

Mrs BGG

Iraqi Dinar/Dollar auction 01-19-17 (most recent listing)

Currency Auctions Announcement No. 3363

This daily currency auction was held in the Central Bank of Iraq on the 1-19-2017

The results were as follows:

DETAILS	NOTES
Number of banks	33
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	160,461,658
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	160,461,658
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
______________________________________________________________

Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you. – Pericles (430 B.C)

*** Current News ***

The advance granted to employees who have a smart card receives their monthly salary

Baghdad/SNG – Rafidain Bank, said Saturday that his predecessor granted 10 million dinars for State officials to have smart card activated receives her monthly salary.

The Bank’s information Office said in a statement, a copy of SNG received “a strategic plan on the Bank granted 10 million advance that an employee must have a smart card activated through resettlement of salaries in private savings accounts and activate the electronic tax receipt and pay her monthly salary, in addition to the payment of the insured who has previous advance advances.”

“The smart card is issued through his pledge to continue feeding the payroll every month on the same context through employee service covered by the advance provided the nearest branch of the Bank to disclose all of their salaries and all the details that I depend upon electronic form fields and sent a copy of the data on a disk (CD) and the book of the revolving head wave to section on safety supports detection and his pledge to provide salaries for employees of the full circle in that branch.

“The commitment that upon completion of the staff is called accounts under the names transferred to branches in accordance with the electronic form to get their signatures on contracts and then issuing the smart card.

The Ministry of finance had agreed on 18 September 2016 launch staff personal advances amounting to 10 million dinars for various purposes and according to the controls and instructions, while set conditions for the employee on this loan from has a smart card and amralmtkodm must not exceed 50 years.

Read More: https://www.facebook.com/groups/571383766355188/

1Bobby ~  These are the cards that will reduce the note count and add liquidity to the banks. Remember the 3 Ministries that agreed to have ALL employees salaries issued thru this card? Also the Rubber Industry agreed to the same with their employees (19,000 or so) This “10 million” advance was aimed at the :shortcomings” of the salaries due to the economic crisis.

Employees that sign up, thru the smart card, will be eligible for these advances. Just inner workings that have been going on for awhile now. They had to get the Ministries approval and get their ducks in a row before proceeding with this program. Bottom line is…..reducing note count, adding liquidity to the banks. Hope all that made sense. I’m sure others can add to it.

Follow us on twitter @DinarUpdates !!

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!!

______________________________________________________________

BGG (Dinar Guru) –     Kuwaiti Dinar is still considered a thinly traded “exotic”…Iraq is almost certain to land in this category… no biggie – it’s alot like you’re all sitting on a penny stock about to get listed on the big board – no matter where it goes, it’s gonna’ be good.

Read More: http://www.dinarupdates.com/observer/

DU Call – “Homage to RCookie!!”
 from Tues – Jan 17th
w/Hutch, Mr White, BGG & more!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

BGG (Dinar Guru) –   […do you find it odd we haven’t seen any statements from the World Economic Conference by Iraqi officials?]  I do – I find a lot of things VERY strange lately…so much progress – much like the IBAN being accepted and utilized and we heard about it a week later… anyone notice the CBI has updated their Currency Buy/Sell listing on their website since 1/4??  …very odd (to say the least)…we may have to be digging to find the exact time of any value change – we use to say “just check the CBI”.  That’s out the window…   …it’s gonna’ happen overnite – we will (hopefully) know quickly, but we might have to dig and verify.  IMHO.   [Is there any chance that we have already had a value change, but has not been posted on the CBI?]   anything is possible – but we have such broad contacts, I just doubt it has.  [If we dont look at the CBI for the rate change, where will we find that information?]   We’re gonna’ be looking at everything in context… probably some kind of “inter-bank memo” since they in the process of “re-engaging” right now.  [can they have a rate and not showing it? How are they doing business other wise?]  …the “not showing” part is not a long term thing – we’ll know pretty soon. No matter what.

Read More: http://www.dinarupdates.com/observer/

Be sure to join the Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

Breitling (Dinar Guru) – …It’s not what they’re saying it’s what they’re doing is what you need to understand the most…the CBI said they’re going to raise the value of their currency.  The Ministry of Planning, parliament say the value is going to go up.  I don’t need them to say anything if I’m watching their maneuvering and I understand how they’re going to compete.  Then I understand how they’re going to add value to their currency.  I really don’t have to hear anybody “say” anything.  I just watch what they do.  It’s not what they say it’s what they do that’s most important and the CBI is maneuvering in our favor if you’re investing in Iraq.  So don’t get too crazy on what everybody says…just watch what the CBI does.  Watch what the ministry of Planning is doing and how they’re doing it.

Read More: http://www.dinarupdates.com/observer/
______________________________________________________________

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

SBA 2016 RECAP

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…)

12162016______________________________________________________________

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

Indicative rates – 01.21.2017

http://www.cbi.iq/

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Word for the day…

Pursue solidarity – unstoppable.

Iraqi Dinar/Dollar auction 01-19-17 (most recent listing)

Currency Auctions Announcement No. 3363

This daily currency auction was held in the Central Bank of Iraq on the 1-19-2017

The results were as follows:

DETAILS	NOTES
Number of banks	33
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	160,461,658
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	160,461,658
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
______________________________________________________________

In most things success depends on knowing how long it takes to succeed. – Charles-Louis De Secondat

*** Current News ***

RCookie has passed away. The Dinar Community has lost a great one.

We have opened up a Memorial Fund for the Family

Robert Cook was tireless in his support of the entire Dinar Community. His effort, his contribution and his spirit will be greatly missed. This memorial fund is an expression of our gratitude. It will be used for floral arrangements and minor expenses prior to his funeral… The rest will be turned over to the family for final expenses and other – as they see fit.

Donate Here: https://www.gofundme.com/robert-cook-memorial-fund

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!!

Follow us on twitter @DinarUpdates !!

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

SBA 2016 RECAP

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…)

12162016BGG (Dinar Guru) –     Kuwaiti Dinar is still considered a thinly traded “exotic”…Iraq is almost certain to land in this category… no biggie – it’s alot like you’re all sitting on a penny stock about to get listed on the big board – no matter where it goes, it’s gonna’ be good.

Read More: http://www.dinarupdates.com/observer/

DU Call – “Homage to RCookie!!”
 from Tues – Jan 17th
w/Hutch, Mr White, BGG & more!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

BGG (Dinar Guru) –   […do you find it odd we haven’t seen any statements from the World Economic Conference by Iraqi officials?]  I do – I find a lot of things VERY strange lately…so much progress – much like the IBAN being accepted and utilized and we heard about it a week later… anyone notice the CBI has updated their Currency Buy/Sell listing on their website since 1/4??  …very odd (to say the least)…we may have to be digging to find the exact time of any value change – we use to say “just check the CBI”.  That’s out the window…   …it’s gonna’ happen overnite – we will (hopefully) know quickly, but we might have to dig and verify.  IMHO.   [Is there any chance that we have already had a value change, but has not been posted on the CBI?]   anything is possible – but we have such broad contacts, I just doubt it has.  [If we dont look at the CBI for the rate change, where will we find that information?]   We’re gonna’ be looking at everything in context… probably some kind of “inter-bank memo” since they in the process of “re-engaging” right now.  [can they have a rate and not showing it? How are they doing business other wise?]  …the “not showing” part is not a long term thing – we’ll know pretty soon. No matter what.

Read More: http://www.dinarupdates.com/observer/

10.2% growth rate over the Iraqi economy in 2016

Baghdad / term – The World Bank declared that Iraq’s economy has achieved a growth of 10.2% over the past year because of the large increase oil production, and expected that the Iraqi economy will grow this year by 1.1%.

The bank said in its annual report on growth in the Middle East and seen by the “long” “The estimates show that the growth rate in the Middle East and North Africa fell to 2.7% in 2016 due to the fiscal consolidation in some countries, constraints and restrictions on the measures oil production in other countries. ”

The World Bank said that “the growth rate declined sharply in the Gulf Cooperation Council countries to 1.6% with the extension of the effects of the weakness of the oil sector to the non-oil sectors,” explaining that “growth has accelerated in Iran to 4.6% and in Iraq, to ​​10.2% thanks to big increases in production oil, and in Iran thanks to the recovery of the agriculture sector, and car production, trade, and transportation. ”

He noted the World Bank report that “in terms of oil-importing countries, the growth rate in Egypt decreased slightly to 4.3% in fiscal year 2016, as it faced manufacturing industries with qat due to lack of foreign currency, and declining tourism sector growth. It is estimated that the growth rate in Morocco dropped to 1.5% in 2016 due to the contraction of the agricultural sector caused by drought. ” He stressed that “the expected growth of the economy of Iraq during the current year of 1.1%.”

Read More: http://www.dinarupdates.com/showthread.php?45526-10-2-growth-rate-over-the-Iraqi-economy-in-2016&p=168214#post168214
______________________________________________________________

Breitling (Dinar Guru) – …It’s not what they’re saying it’s what they’re doing is what you need to understand the most…the CBI said they’re going to raise the value of their currency.  The Ministry of Planning, parliament say the value is going to go up.  I don’t need them to say anything if I’m watching their maneuvering and I understand how they’re going to compete.  Then I understand how they’re going to add value to their currency.  I really don’t have to hear anybody “say” anything.  I just watch what they do.  It’s not what they say it’s what they do that’s most important and the CBI is maneuvering in our favor if you’re investing in Iraq.  So don’t get too crazy on what everybody says…just watch what the CBI does.  Watch what the ministry of Planning is doing and how they’re doing it.

Read More: http://www.dinarupdates.com/observer/
______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

BGG ~ Still the biggest news of the day…

I just wish people would quit listen to [STUPID] – and imagining the worst. That is NOT WHAT HE SAID!! This thing is still ON!!

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.”

Read More: http://www.dinarupdates.com/showthread.php?45557-Governor-of-the-CBI-Iraqi-dinar-is-not-in-danger-amp-delete-the-zeros-Postponed&p=168253#post168253

Mr White ~ Alak is not speaking about the “project”, but is speaking about one piece, one segment of the entire project. The point is not the reduction of the note count, but the actual removal of the large notes from the currency following changes within the marketplace. He is saying that he does not know when that will be because the market conditions are not right/correct at this time.

Why is this? What condition is making it necessary for the large notes to be used in the market place? Answer; the costs of goods. The actual prices of the goods in the stores and shops. Alak is saying that until the conditions are correct he will not have a date for when the large notes will be removed.

What will change the conditions in the marketplace? What will change the prices in a marketplace that imports over 90% of its goods?

Answer; a dramatic change in the value of the currency that is used to pay for those goods.

This is what Alak, a banker, is referring to. Once the value of the IQD is increased and its effects percolate throughout the marketplace and the costs/prices in the marketplace begin to lower, then he will have a better forecast on the removal of the larger notes from the currency (Alak’s words).

Mr White

______________________________________________________________

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

Indicative rates – 01.20.2017

http://www.cbi.iq/

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 01-19-17 (most recent listing)

Currency Auctions Announcement No. 3363

This daily currency auction was held in the Central Bank of Iraq on the 1-19-2017

The results were as follows:

DETAILS	NOTES
Number of banks	33
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	160,461,658
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	160,461,658
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
______________________________________________________________

In most things success depends on knowing how long it takes to succeed. – Charles-Louis De Secondat

*** Current News ***

RCookie has passed away. The Dinar Community has lost a great one.

We have opened up a Memorial Fund for the Family

Robert Cook was tireless in his support of the entire Dinar Community. His effort, his contribution and his spirit will be greatly missed. This memorial fund is an expression of our gratitude. It will be used for floral arrangements and minor expenses prior to his funeral… The rest will be turned over to the family for final expenses and other – as they see fit.

Donate Here: https://www.gofundme.com/robert-cook-memorial-fund

Follow us on twitter @DinarUpdates !!

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

SBA 2016 RECAP

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…)

12162016
Breitling (Dinar Guru) – The currency reset?  what the hell is that?  It doesn’t even exist and people are buying dinar because of it?  If you’re going to get into an investment get in for the right reasons.  With that said…I back every single thing I say, every number that I watch…It comes from the CBI, the Ministry of Planning, the Ministry of Finance and Parliament.  You can’t get around it.  They are the ones who are saying they are going to add value to the currency…not me.  I’m just following it.  It’s not like one day I just woke up and said I should go out and buy dinar…Iraq has the ability to add value to their currency and they have the ability to do exactly what they said they are going to do…get their currency to a buck.  [Post 1 of 2]

Read More: http://www.dinarupdates.com/observer/

DU Call – “Homage to RCookie!!”
 from Tues – Jan 17th
w/Hutch, Mr White, BGG & more!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

Breitling (Dinar Guru) –  …With the Iraqi dinar I stand by the numbers.  The numbers say they’ve reduced the note count.  They said they are going to add value to their currency.  They have all the opportunity in the world to add value to their currency.  They are not a 3rd world country like people think they are.  They were in trouble and are in trouble and in financial chaos because of geopolitics.  Can they get out of it?  Sure.  I personally think they can.  I think they will.  Can they get their currency back to the original value before Saddam Hussein started screwing with it?  I think they can.  That’s why I invested in it.  That’s why I speculated and say I think they can do it and gamble on this.  [Post 2 of 2]

Read More: http://www.dinarupdates.com/observer/

10.2% growth rate over the Iraqi economy in 2016

Baghdad / term – The World Bank declared that Iraq’s economy has achieved a growth of 10.2% over the past year because of the large increase oil production, and expected that the Iraqi economy will grow this year by 1.1%.

The bank said in its annual report on growth in the Middle East and seen by the “long” “The estimates show that the growth rate in the Middle East and North Africa fell to 2.7% in 2016 due to the fiscal consolidation in some countries, constraints and restrictions on the measures oil production in other countries. ”

The World Bank said that “the growth rate declined sharply in the Gulf Cooperation Council countries to 1.6% with the extension of the effects of the weakness of the oil sector to the non-oil sectors,” explaining that “growth has accelerated in Iran to 4.6% and in Iraq, to ​​10.2% thanks to big increases in production oil, and in Iran thanks to the recovery of the agriculture sector, and car production, trade, and transportation. ”

He noted the World Bank report that “in terms of oil-importing countries, the growth rate in Egypt decreased slightly to 4.3% in fiscal year 2016, as it faced manufacturing industries with qat due to lack of foreign currency, and declining tourism sector growth. It is estimated that the growth rate in Morocco dropped to 1.5% in 2016 due to the contraction of the agricultural sector caused by drought. ” He stressed that “the expected growth of the economy of Iraq during the current year of 1.1%.”

Read More: http://www.dinarupdates.com/showthread.php?45526-10-2-growth-rate-over-the-Iraqi-economy-in-2016&p=168214#post168214
______________________________________________________________

Loopster (Dinar Guru) –   [Just curious if there is a purpose for why the CBI would put the banks through the process of selling the dollar on a large scale rather than change the value of the dinar first and negate the need for selling the dollar…any thoughts on that?]  As Alak has said the selling of the dollars will continue at present. It is the way that their economy is functioning and to just stop it would collapse the economy. When the time is right to stop selling the dollars they will do so. It is a process and as anyone who is looking can see they implementing new measures everyday to to give themselves the greatest chance of success when they decide to do away with the imposed rate.

Read More: http://www.dinarupdates.com/observer/
______________________________________________________________

Be sure to join the Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

BGG ~ Still the biggest news of the day…

I just wish people would quit listen to [STUPID] – and imagining the worst. That is NOT WHAT HE SAID!! This thing is still ON!!

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.”

Read More: http://www.dinarupdates.com/showthread.php?45557-Governor-of-the-CBI-Iraqi-dinar-is-not-in-danger-amp-delete-the-zeros-Postponed&p=168253#post168253

Mr White ~ Alak is not speaking about the “project”, but is speaking about one piece, one segment of the entire project. The point is not the reduction of the note count, but the actual removal of the large notes from the currency following changes within the marketplace. He is saying that he does not know when that will be because the market conditions are not right/correct at this time.

Why is this? What condition is making it necessary for the large notes to be used in the market place? Answer; the costs of goods. The actual prices of the goods in the stores and shops. Alak is saying that until the conditions are correct he will not have a date for when the large notes will be removed.

What will change the conditions in the marketplace? What will change the prices in a marketplace that imports over 90% of its goods?

Answer; a dramatic change in the value of the currency that is used to pay for those goods.

This is what Alak, a banker, is referring to. Once the value of the IQD is increased and its effects percolate throughout the marketplace and the costs/prices in the marketplace begin to lower, then he will have a better forecast on the removal of the larger notes from the currency (Alak’s words).

Mr White

______________________________________________________________

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

Indicative rates – 01.19.2017

http://www.cbi.iq/

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com