Welcome to the Dinar Daily NEWS Blog. For regular Dinar News Updates, Dinar to USD listings, Iraqi Dinar info and Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – if you are a Dinar vet or just looking for the current Dinar Value – Welcome.

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 11-14-16 (most recent listing)

Currency Auctions Announcement No. 3318

This daily currency auction was held in the Central Bank of Iraq on the 11-14-2016

The results were as follows:

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

Capitalism knows only one color: that color is green; all else is necessarily subservient to it. – Thomas Sowell

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/Rcookie & Hutch – Tues Nov. 15 6:30pm CST – In DU CHAT!!

www.DinarUpdates.com – save as favorite

BGG (Dinar Guru) –   Article quote:  “The governor of the Iraqi Central Bank, said the bank began to develop the first steps of the project to delete the three zeroes from the Iraqi currency.”   “…the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017.”   This is really the only article that matters…”begins it’s first steps…”  …which implies they are on this “1st Q 2017” or before…and make it a competitor to foreign currencies…”  Boom.   “…the beginning of 2017…” as per their phrasing – is like, 49 days away?  I think I can hang in there that long.

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

Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency

Omar Al-Fateh – The reasons for deleting three zeros from the Iraqi dinar and what it means to delete the three zeroes from the Iraqi currency, the fact deleting three zeros from the Iraqi dinar, the official source at the Central Bank of Iraq, said that the beginning of the beginning of 2017, will the central Bey Iraqi deleting three zeros from the currency of Iraq, Finance Committee also announced in parliament that the central bank will start at the beginning of 2017 by deleting three zeros from the local currency, in other words, that the unity of the coin in 1000 dinars from the old currency will be replaced by only one denarius of the new currency, and so on.

Start procedures to delete three zeros from the currency in 2017

Going on in the minds of many Iraqis that the important question of whether to raise (the zeros from the Iraqi dinar) harm or benefit? Thus why do not we raise the zeros, the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq’s economy again in January 2017, the step by Iraq intended to reform the local currency system based on the use of the currency too high denominations, which leads to difficulties in handling and in private transactions accounts, as well as higher prices resulting from the use of monetary units higher categories, which leads to a decline in the currency and declining purchasing power exchange rate the dinar in a big way.

CBI decision to remove three zeros from the Iraqi dinar

Iraqi Central Bank chairman said that the deletion of three zeros from the Iraqi dinar will help in flourishing once again the Iraqi economy and the return of the Iraqi currency traded in international stock markets, the deletion of zeros restore Iraqi currency mind in periods of monetary turmoil and declining public revenues of the state at a time when the expenses increase, resort states often to print more of the local currency, leading to price hikes and the occurrence of high inflation, the need to cross categories with high currencies such as the one thousand and one million one hundred thousand … etc., and with every raise in the denomination as the economy enters the furnace of inflation.

Why delete the three zeroes from the Iraqi dinar

The aim of deleting three zeros from the currency of Iraq is one of the means to control the high inflation is monetary reform, coupled with a change in monetary policy by the old currency high Pfiadtha replacement of a new currency with lower categories so prices tend to decline, but does he have on inflation? The answer is no, because the elimination of inflation is required to follow state moderate monetary policy, an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project of the year 2017 and stressed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.

Read More: http://www.dinarupdates.com/showthread.php?43595-Reasons-to-delete-three-zeros-from-the-Iraqi-dinar&p=165323#post165323

SteveI (Dinar Guru) –   Article:   “Delete the three zeroes from the currency of Iraq early in 2017”  Quote:  “…the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this strategic project will serve the country’s economy, as the dinar will be included in the global basket of currencies in the vital exchanges. He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017.”  Now I am getting very encouraged and starting to get excited.  It is finally coming our way.  […do you feel or are you hearing we will need to wait until 2017 or could it just be any day after they liberate Mosul?]  I think early 2017 seem to be what many are talking about.

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

Dinar Updates – “The After Call!!”
Tues nite – Nov 15th – 7:30pm CST
w/RCookie, Mr White & Hutch
1-641-715-3640 pin#528733

from Nov 1st – Smart phone user link – Click here

______________________________________________________________

BGG (Dinar Guru) –   [So what is your take on this latest “Upgrading of the Iraqi Currency” rash of articles?]  …even though this is likely a “second circle” commenter…it sure is nice to hear someone in that sphere talking (affirmation) along these lines…  AND this isn’t “confirming” anything HAS happened… but still adds another log on the “fire” – so to speak…and this speaks to the very heart of the matter for many people… “IS THIS REAL“?   …after all this FBI intervention… had this NOT BEEN REAL – there is NO DOUBT they would have been able to attack the veracity of this – as an investment around that time.  AND…I (even for myself) go back to the FUNDAMENTAL DOCUMENTS as my “proofs” for my thesis… The SIGR Report…The LOI’s…All of the IMF Documents.  The EVIDENCE MOUNTS DAILY.   “Affirmation”…

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

______________________________________________________________

The CBI decision to remove three zeros from the currency of Iraq beginning in 2017

An official source at the Central Bank of Iraq that the beginning of the beginning of 2017, will the central Iraqi Bey deleting three zeros from the currency of Iraq.

The official source at the Central Bank of Iraq emphasized that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the Kuwaiti Iraqi dinar, which will be a key reason for the return of Iraq’s economy again.

He stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project from 2017 and confirmed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.

Iraqi Central Bank chairman said that this step will help the Iraqi economy booming again and the return of the Iraqi currency traded in international stock markets.

I know the CBI decision to remove three zeros from the currency of Iraq beginning in 2017 through Thagafna source

Filkhbr.com

______________________________________________________________

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 central bank begins its first steps to delete the three zeroes from the currency

The governor of the Iraqi Central Bank, said the bank began to develop the first steps of the project to delete the three zeroes from the Iraqi currency.

Between the Keywords in a statement that the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this project is strategic It will serve as the country ‘s economy, as the dinar will be included in the global basket of currencies in the vital exchanges. He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017.

He pointed out that the Keywords introduction of the new currency does not mean the destruction of ancient coins, but will continue to trade for about 10 years.

Courtesy of RCookie

Read More: http://www.dinarupdates.com/showthread.php?43559-The-central-bank-begins-its-first-steps-to-delete-the-three-zeroes-RCookie

______________________________________________________________

Iraq:

Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding

Indicative rates – 11.14.2016
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

Welcome to the Dinar Daily NEWS Blog. For regular Dinar News Updates, Dinar to USD listings, Iraqi Dinar info and Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – if you are a Dinar vet or just looking for the current Dinar Value – Welcome.

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 11-13-16 (most recent listing)

Currency Auctions Announcement No. 3317

This daily currency auction was held in the Central Bank of Iraq on the 11-13-2016

The results were as follows:

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

If ever there was a holy war, it was that which saved our liberties and gave us independence. – Thomas Jefferson

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG & Company – Sunday Nov. 13th 7:30pm EST – In the DU CHAT ROOM!!

www.DinarUpdates.com – save as favorite

Hub (Dinar Guru) –   Article:  “CENTRAL BANK: THE DELETION OF ZEROS IN EARLY 2017“  Quote:  “The governor of the Iraqi Central Bank on the Keywords that project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.”    …a thought, they are about to change the value of a 25,000 note from $22 to maybe $75,000, why would they say we are going to do this is 2017 so every tom, dick and harry can go buy some more…i think it is a ploy and i would not be surprised to see it much quicker…   […since the CBI indicating the dropping of the 3 zeros in early 2017, does that mean that based on this article we wouldn’t see a change until then or would they have to begin the rate change part of the process sooner…?]  in my own humble opinion, i think they would have to implement the change before dropping the zeros which is really bring out lower denoms and getting the big notes off the street.

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

Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency

Omar Al-Fateh – The reasons for deleting three zeros from the Iraqi dinar and what it means to delete the three zeroes from the Iraqi currency, the fact deleting three zeros from the Iraqi dinar, the official source at the Central Bank of Iraq, said that the beginning of the beginning of 2017, will the central Bey Iraqi deleting three zeros from the currency of Iraq, Finance Committee also announced in parliament that the central bank will start at the beginning of 2017 by deleting three zeros from the local currency, in other words, that the unity of the coin in 1000 dinars from the old currency will be replaced by only one denarius of the new currency, and so on.

Start procedures to delete three zeros from the currency in 2017

Going on in the minds of many Iraqis that the important question of whether to raise (the zeros from the Iraqi dinar) harm or benefit? Thus why do not we raise the zeros, the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq’s economy again in January 2017, the step by Iraq intended to reform the local currency system based on the use of the currency too high denominations, which leads to difficulties in handling and in private transactions accounts, as well as higher prices resulting from the use of monetary units higher categories, which leads to a decline in the currency and declining purchasing power exchange rate the dinar in a big way.

CBI decision to remove three zeros from the Iraqi dinar

Iraqi Central Bank chairman said that the deletion of three zeros from the Iraqi dinar will help in flourishing once again the Iraqi economy and the return of the Iraqi currency traded in international stock markets, the deletion of zeros restore Iraqi currency mind in periods of monetary turmoil and declining public revenues of the state at a time when the expenses increase, resort states often to print more of the local currency, leading to price hikes and the occurrence of high inflation, the need to cross categories with high currencies such as the one thousand and one million one hundred thousand … etc., and with every raise in the denomination as the economy enters the furnace of inflation.

Why delete the three zeroes from the Iraqi dinar

The aim of deleting three zeros from the currency of Iraq is one of the means to control the high inflation is monetary reform, coupled with a change in monetary policy by the old currency high Pfiadtha replacement of a new currency with lower categories so prices tend to decline, but does he have on inflation? The answer is no, because the elimination of inflation is required to follow state moderate monetary policy, an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project of the year 2017 and stressed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.

Read More: http://www.dinarupdates.com/showthread.php?43595-Reasons-to-delete-three-zeros-from-the-Iraqi-dinar&p=165323#post165323

BGG (Dinar Guru) –   [So what is your take on this latest “Upgrading of the Iraqi Currency” rash of articles?]  …even though this is likely a “second circle” commenter…it sure is nice to hear someone in that sphere talking (affirmation) along these lines…  AND this isn’t “confirming” anything HAS happened… but still adds another log on the “fire” – so to speak…and this speaks to the very heart of the matter for many people… “IS THIS REAL“?   …after all this FBI intervention… had this NOT BEEN REAL – there is NO DOUBT they would have been able to attack the veracity of this – as an investment around that time.  AND…I (even for myself) go back to the FUNDAMENTAL DOCUMENTS as my “proofs” for my thesis… The SIGR Report…The LOI’s…All of the IMF Documents.  The EVIDENCE MOUNTS DAILY.   “Affirmation”…

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

Dinar Updates – “Behind the Scenes!!”
from Tues nite – Nov 1st
w/RCookie, Mr White & Hutch

Smart phone user link – Click here

______________________________________________________________

Enorrste (Dinar Guru) –   The CBI will begin destroying the large notes, thus reducing the money supply, and this will put upward pressure on the value of the currency, irrespective of Article VIII.  If they also accept the Article VIII conditions, which I believe is the stated goal of the IMF, then the process could move along much faster.  Trade would improve in Iraq, thus allowing more money to come into the country, relieving the liquidity crisis somewhat, and this would allow the CBI to begin reducing the money supply.  They are clearly on record that they want the money supply to be brought down to 40 billion dinars.  They just have to have a mechanism to make this happen without too much of a jolt internally.  And, of course, they have to START.  I believe the article is saying that they have made a determination that the start will happen in early 2017.

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

______________________________________________________________

The CBI decision to remove three zeros from the currency of Iraq beginning in 2017

An official source at the Central Bank of Iraq that the beginning of the beginning of 2017, will the central Iraqi Bey deleting three zeros from the currency of Iraq.

The official source at the Central Bank of Iraq emphasized that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the Kuwaiti Iraqi dinar, which will be a key reason for the return of Iraq’s economy again.

He stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project from 2017 and confirmed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.

Iraqi Central Bank chairman said that this step will help the Iraqi economy booming again and the return of the Iraqi currency traded in international stock markets.

I know the CBI decision to remove three zeros from the currency of Iraq beginning in 2017 through Thagafna source

Filkhbr.com

______________________________________________________________

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 central bank begins its first steps to delete the three zeroes from the currency

The governor of the Iraqi Central Bank, said the bank began to develop the first steps of the project to delete the three zeroes from the Iraqi currency.

Between the Keywords in a statement that the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this project is strategic It will serve as the country ‘s economy, as the dinar will be included in the global basket of currencies in the vital exchanges. He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017.

He pointed out that the Keywords introduction of the new currency does not mean the destruction of ancient coins, but will continue to trade for about 10 years.

Courtesy of RCookie

Read More: http://www.dinarupdates.com/showthread.php?43559-The-central-bank-begins-its-first-steps-to-delete-the-three-zeroes-RCookie

______________________________________________________________

Iraq:

Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding

Indicative rates – 11.13.2016

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

Welcome to the Dinar Daily NEWS Blog. For regular Dinar News Updates, Dinar to USD listings, Iraqi Dinar info and Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – if you are a Dinar vet or just looking for the current Dinar Value – Welcome.

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 11-10-16 (most recent listing)

Currency Auctions Announcement No. 3316

This daily currency auction was held in the Central Bank of Iraq on the 11-10-2016

The results were as follows:

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

It is time to restore the American precept that each individual is accountable for his actions. – Ronald Reagan

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/MadDScout & 1Bobby – Nov. 10th 7:30pm EST – In the DU CHAT ROOM!!

www.DinarUpdates.com – save as favorite

Hub (Dinar Guru) –   Article:  “CENTRAL BANK: THE DELETION OF ZEROS IN EARLY 2017“  Quote:  “The governor of the Iraqi Central Bank on the Keywords that project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.”    …a thought, they are about to change the value of a 25,000 note from $22 to maybe $75,000, why would they say we are going to do this is 2017 so every tom, dick and harry can go buy some more…i think it is a ploy and i would not be surprised to see it much quicker…   […since the CBI indicating the dropping of the 3 zeros in early 2017, does that mean that based on this article we wouldn’t see a change until then or would they have to begin the rate change part of the process sooner…?]  in my own humble opinion, i think they would have to implement the change before dropping the zeros which is really bring out lower denoms and getting the big notes off the street.

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

Central publishes a schedule prices, gold bullion and coins, and confirms that the latest unavailable

The deployment of the Iraqi Central Bank, on Wednesday, a schedule prices gold bullion and coins for the current week, as he pointed out that the coins are currently unavailable.

Bank and publish a schedule of prices of gold bullion and coins for the current week Alsumaria News received a copy of it, and the table that the specie 15 g and which normally retails for 751 thousand dinars unavailable while the price minted reached 22 carat g 1.099 million dinars and referred to it is currently unavailable.

Table and he explained that alloy 5 g price stood at 260,000 dinars, while the price of alloy 50 g amounted to 2.606 million dinars.

Courtesy of RCookie

HMMM… GOLD COINS NOT CURRENTLY AVAILABLE…..

Read More: http://www.dinarupdates.com/showthread.php?43537-Central-publishes-a-schedule-prices-gold-bullion-and-coins-RCookie

rcookie (Dinar Guru) –   Article quote:  “Chief financial officer at the US Embassy in Iraq, John Sullivan has praised the efforts of Iraq in the reform of the central bank, which confirmed that the bank «completed within a year more than what has been accomplished in the past 13 years.”   …WHICH IS WHY THE CBI IS GETTING RAVE REVIEWS FROM IMF AND UST...AND THE TRANSPARENT CRITIQUE FROM POLITICAL AND MEDIA SOURCES SO TRANSPARENT AND SUSPECT…   …CBI REFORMING BANKING SECTOR…AND THE UST AND IMF LAUDING THEIR RESULTS WITH CLAIMS THAT THEY HAVE DONE MORE IN THE LAST YEAR…THAN THE PAST 13 YEARS COMBINED…THIS IS CRITICALLY IMPORTANT STUFF…

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

The Central bank refuses to bury the money and calls on citizens to acquire government bonds

Alsumaria News / Baghdad – Rejected the central bank, on Wednesday, “bury” the money underground, while calling on citizens to purchase government bonds.

The bank said in a statement received Alsumaria News , a copy of which was “noted the increasing incidence of the audience to revisit replace buried currency very large amounts . ” noting that “this process is a negative indicator of the lack of interest in the national currency.” the bank , “he said the national currency was buried lead to harm deliberately national currency and carries extra Colva,” adding that “currency is a symbol of national sovereignty and symbols.”

The bank called for “citizens ‘ interest in the national currency and not to bury it in the ground and go back to keep them at the government and private banks,” urging them to ” the acquisition of government bonds alternative to hoarding as a means of saving.”

Founded CBI independent bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies.

Alsumaria News

Courtesy RCookie

Read More: http://www.dinarupdates.com/showthread.php?43536-The-central-bank-refuses-to-bury-the-money-and-calls-on-citizens-RCookie

BGG (Dinar Guru) –   [So what is your take on this latest “Upgrading of the Iraqi Currency” rash of articles?]  …even though this is likely a “second circle” commenter…it sure is nice to hear someone in that sphere talking (affirmation) along these lines…  AND this isn’t “confirming” anything HAS happened… but still adds another log on the “fire” – so to speak…and this speaks to the very heart of the matter for many people… “IS THIS REAL“?   …after all this FBI intervention… had this NOT BEEN REAL – there is NO DOUBT they would have been able to attack the veracity of this – as an investment around that time.  AND…I (even for myself) go back to the FUNDAMENTAL DOCUMENTS as my “proofs” for my thesis… The SIGR Report…The LOI’s…All of the IMF Documents.  The EVIDENCE MOUNTS DAILY.   “Affirmation”…

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

Magda Tamimi: Rethinking the fiscal policy has become inevitable

BAGHDAD /tomorrow Press – Confirmed the parliamentary finance committee member Majda al-Tamimi, said Tuesday that re-examine the fiscal policy in the country has become inevitable, stressing that it is necessary to diversify the revenue until the economy not be subject to fluctuations in world oil prices and policy affecting the oil market.

She said Tamimi in an interview for “tomorrow’s Press,” that “the general budget still depends largely on the oil revenues, which amounted to about 86%not to mention the absence of other sectors and have yet to find those considering or actual steps of the previous governments and the current to change this approach, it is imperative to restore public finance policy and provide what is more worthy to work with and this is it inevitable to provide subject for discussion”.

She said Tamimi, “it is necessary to diversify its revenue so it is not the economy subject to fluctuations in world oil prices and policy affecting the oil market,” indicating that “it is by stimulating the export subsidy policy and the trend towards investment in the real sector and the importance of opening the door for foreign direct investment as playing a significant role to reduce production costs and improve quality”.

She stressed that “there are ideas and proposals submitted to the Committee and will be discussed in turn after the completion of the vote on the 2017 budget being busy, and will be discussed by effectively to put an end to this file, which repeats its mistakes every year without change”.

Alghadpress.com

Courtesy RCookie

GM GUYS..

HERE IS TAMIMI PROVIDING SOME EXCITING INSIGHT AS TO IRAQ’S 2017 OIL RELIANCE DOWN TO 86%….BIG MOVE FROM THE 95% FROM PAST AND IMF EMPHASIS ON WANING OIL RELIANCE…

ALSO SHE OUTLINES THAT FOREIGN DIRECT INVESTMENT (FDI) AND RESTORATION OF SOUND PUBLIC FINANCE POLICY AS MEANS OF DRIVING IRAQ’S EXPORT CAPABILITIES THROUGH IMPROVING IRAQI MADE GOODS PRODUCTION COSTS AND QUALITY WITH APPLICATION OF THIS FDI…WHICH SHE POINTS OUT HAS BEEN TALKED ABOUT IN THE PAST BUT NOT ACTED ON…..

SORT OF PLAYS INTO SALEH STATEMENT ABOUT “IT BEING TIME FOR DEEDS AND NOT WORDS” IN THE STRATEGIES TO REPAIR IRAQ’S ECONOMY…

Read More: http://www.dinarupdates.com/showthread.php?43535-Magda-Tamimi-Rethinking-the-fiscal-policy-has-become-inevitable-RCookie

Dinar Updates – “Behind the Scenes!!”
from Tues nite – Nov 1st
w/RCookie, Mr White & Hutch

Smart phone user link – Click here

______________________________________________________________

Enorrste (Dinar Guru) –   The CBI will begin destroying the large notes, thus reducing the money supply, and this will put upward pressure on the value of the currency, irrespective of Article VIII.  If they also accept the Article VIII conditions, which I believe is the stated goal of the IMF, then the process could move along much faster.  Trade would improve in Iraq, thus allowing more money to come into the country, relieving the liquidity crisis somewhat, and this would allow the CBI to begin reducing the money supply.  They are clearly on record that they want the money supply to be brought down to 40 billion dinars.  They just have to have a mechanism to make this happen without too much of a jolt internally.  And, of course, they have to START.  I believe the article is saying that they have made a determination that the start will happen in early 2017.

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

______________________________________________________________

KEYWORDS: BANKS CURRENTLY CLASSIFIED ACCORDING TO THE INTERNATIONAL CLASSIFICATION SOON

Governor of the Central Bank on the Keywords revealed that the central bank will announce the names of the banks in accordance with international rating by one of the world Rating companies that are working on the evaluation of these banks.

A statement issued by the media office of the bank on Wednesday received Iraqi Transmission Network (IBN) that it came in his answers through questions directed to him at a seminar hosted by Two Rivers Center for dialogue on monetary policy in Iraq that have been identified valuable three axes currency loans and developmental stages of the Central consultations window with the monetary fund on the facilities and external lending.

Keywords and said according to the statement that the banks will get the Commission’s assessments will be considerably increased its stake in the window of the currency as committed in the sales mechanism instructions and under the stated price. This took place dialogues made by the House of Representatives and the officials and participants about the problems that arise due to the currency window.

The symposium recommended the need for stakeholders commitment to media statements that are offensive to the country’s reputation and its economy after the cut facts about the participants.

For his part, Chairman of the Association of Banks and Wadih Handal said that the accusations directed to money laundering, but detrimental to the reputation of Iraq and should be accurate.

Keywords added that the options can not be implemented without the continuation of the currency window to secure the necessary liquidity.

The participants came up with conviction that there is no other option at the moment after the window briefed on the advantages and disadvantages.

Ibnnews.net

Read More: http://www.dinarupdates.com/showthread.php?43528-Banks-currently-classified-according-to-the-international-classification-soon

______________________________________________________________

Central banks will lend banks and civil trillion dinars to revive economy

Economic Adviser to the Prime Minister Haider al-Abadi revealed that the Iraqi Central Bank will lend banks and civil banks trillion dinars.

He said the appearance of Mohammed in a press statement that ‘the CBI will be distributed loans worth trillion dinars on private banks estimated fair, under the controls and the ability to manage it.’

Saleh added that ‘the loans will include small and medium enterprises that are active capital and the economic cycle in Iraq’, noting that ‘some of the complaints which may be raised by the private banks, but the central bank is able to solve it’, denying ‘presence Marqlat on loan or delay in distribution’ .

He said the move ‘in order to develop the local economy and resolve the economic problems of the citizens and the support to the initiative of loans launched by the Central Bank of Iraq. ”

The Governor of the Central Bank and the Agency on the Keywords held this week a series of visits included a number of private banks to determine the main obstacles and challenges faced by banks in order to reach one goal, a financial and economic stability.

Courtesy RCookie

Read More: http://www.dinarupdates.com/showthread.php?43532-Central-banks-will-lend-banks-and-civil-trillion-dinars-to-revive-economy-RCookie

______________________________________________________________

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!!)
______________________________________________________________

Central Bank: the deletion of zeros in early 2017

Benefits:

1.adraj Iraqi dinar within the global currency basket and handle it officially the world ‘s stock exchanges and financial markets.

2.amkanah held economic agreements to handle the national currency as Iraq could hold Order dollar instead dinar when the contract to build two production lines deals agreements or transactions Stirad goods this will cover a very large part of the foreign remittances that are squandering of national wealth from foreign exchange.

3.illt trading allows dealing in Iraqi dinar in the Iraqi market and not rely on foreign and squandered currencies and Bosrtha transfer abroad by the private and public sector, which is the sovereign wealth dissipated abroad a small, non – essential positions and luxury in Iraq at the time need this wealth of storage as a reserve.

4.seetm rid of manipulating market currency exchange and finish the so – called auction sell the currency , “” burning oven dollar “”

5.satoagaf work corrupt suspicious of banks and their agents and Smaserthm “” contractor and investor cartoons ”

6.seetm capping the highest amounts transferred abroad of currency the dollar and the euro and the yen sterling and the yuan exchange – active and other pound to ensure that no smuggling the vast majority of trades of currency smuggling.

The Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project.

He said: ” the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency”, returned him as “this strategic project will serve the country ‘s economy if will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world stock markets. ”

He added that” the Bank is working on mechanisms for the implementation of this project is expected to start at the beginning of 2017 , “noting that” the central bank began the first steps of the project through the selection of the designs , companies and the country that will be the currency printing. ”

He pointed out that” the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years , “pointing out that” this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity In the market ”

Alrasheedmedia.com

______________________________________________________________

Iraq:

Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding

Indicative rates – 11.10.2016

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

Welcome to the Dinar Daily NEWS Blog. For regular Dinar News Updates, Dinar to USD listings, Iraqi Dinar info and Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – if you are a Dinar vet or just looking for the current Dinar Value – Welcome.

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 11-08-16 (most recent listing)

Currency Auctions Announcement No. 3314

This daily currency auction was held in the Central Bank of Iraq on the 11-08-2016

The results were as follows:

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

“We in America do not have government by the majority. We have government by the majority who participate.” – Thomas Jefferson

*** Current News ***

BGG (Dinar Guru) –   Article:  “Central bank governor for “tomorrow Press”: aspire to get foreign Sndhatna international guarantees”   Quote:  “…The governor of the Iraqi Central Bank on the Keywords, on Sunday, that the bank is trying to get international guarantees for foreign bonds…”    One would have to assume this is a foregone conclusion…all of this IMF support is about “international acceptance”.

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

Enorrste (Dinar Guru) –   Article:  “Learn the benefits of removing zeros from the Iraqi currency ”  I tend to agree that entry into Article VIII is a necessary prerequisite.  I doubt any serious investors in dinars would play in the dinar market without some form of level playing field that is offered through Article VIII.  The market spread situation can be corrected by floating the currency.  An announcement that the currency would be allowed to float would automatically make the official rate and the street rate identical.  Furthermore, the plan is clearly stated to reduce the money supply from 50 trillion dinars to 40 billion dinars.  They just haven’t started the process yet.  It is my take that the article …is saying that this process will begin in early 2017.

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

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie, Mr White & Hutch – Nov. 9th 7:30pm EST – In the DU CHAT ROOM!!

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Enorrste (Dinar Guru) –   The CBI will begin destroying the large notes, thus reducing the money supply, and this will put upward pressure on the value of the currency, irrespective of Article VIII.  If they also accept the Article VIII conditions, which I believe is the stated goal of the IMF, then the process could move along much faster.  Trade would improve in Iraq, thus allowing more money to come into the country, relieving the liquidity crisis somewhat, and this would allow the CBI to begin reducing the money supply.  They are clearly on record that they want the money supply to be brought down to 40 billion dinars.  They just have to have a mechanism to make this happen without too much of a jolt internally.  And, of course, they have to START.  I believe the article is saying that they have made a determination that the start will happen in early 2017.   [post 2 of 2]

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

Central bank governor for “tomorrow Press”: aspire to get foreign bonds on international guarantees

The governor of the Iraqi Central Bank on the Keywords, on Sunday, that the bank is trying to get international guarantees for foreign bonds by selling them for marketed largely due beneficial to Iraq.

Keywords and said for “tomorrow’s Press,” that “Iraq is thought to issue foreign bonds, but the reading of the market has given indications that putting such a bond would be a very high interest rate, so it has been studying this issue more than once and whenever Iraq found that these benefits are still high level of delay Thread linger and do. ”

Keywords that “there’s ambitions by the central bank added that there would be the possibility of obtaining the bond guarantees from the United States or the World Bank,” noting that “if those bonds got guarantees if certain proportions it will certainly make it easier to market and sell process at a price lower interest. ”

He Keywords that “foreign bonds for a possible safeguards promote such a bond, but if interest rates remained very high indicators surely would be too costly on Iraq and looking for alternative sources for that.”

Economic Adviser to the Prime Minister Haider al-Abadi said in (30 September 2016) that it is unlikely that Iraq postpones bond sale two billion dollars in global markets until early 2017, at least the hope that the result of high oil revenues and the victory over the organization Daesh to the public finances of the state improved.

The government hired each of the banks, “JP Morgan” and “Citibank” “and” Deutsche Bank “, to arrange its debut bond issue in nine years in order to cover the budget caused by lower oil prices and the war against Daesh deficit.

Read More: http://www.dinarupdates.com/showthread.php?43406-Central-bank-governor-aspire-to-get-foreign-bonds-on-international-guarantees

Dinar Updates – “Behind the Scenes!!”
from Tues nite – Nov 1st
w/RCookie, Mr White & Hutch

Smart phone user link – Click here

______________________________________________________________

Enorrste (Dinar Guru) –   Article:  “Learn the benefits of removing zeros from the Iraqi currency”   I think it is time to start getting excited, again.  The first thing that I noticed in this article is the follow quite specific statement:  “The purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency“, returned him as “this strategic project will serve the country’s economy if it will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world exchanges.”  There are four things to note here: (1) the large notes will begin to be deleted “beginning in 2017”; (2) the purpose is to make the dinar stronger (note the word “support” and the phrase “competitor of foreign currency”; and (3) this will “serve the Iraqi economy”; and (4) the dinar will take its place in the basket of currencies in the “vital world exchanges.”  Let’s look at these one at a time.  [First] The large notes will be deleted.  This cannot be a LOP because a LOP would not change the value of the dinar, and the other three points above make it clear that the dinar will rise in value.  Therefore, there is only one way that the large notes can be removed from the market place without destroying the fragile liquidity that exists in Iraq already:  the value must rise enough to make it feasible to remove the large notes.  [post 1 of 3….stay tuned]

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

______________________________________________________________

Stock market instruct Government bond trading

Uncovered Iraq market for securities, on Sunday, the Government bond trading instructions by the Central Bank, while stressing that it opens the door to a new type of investment and trading securities along with equities.

Executive Director of the Iraq market for securities, Taha Ahmed Abdul Salam, in the interview, said “the market directed to deposit Government bonds and listed and traded, after lengthy discussions between the Board of Governors and securities”, noting that “the amendments came in three chapters.

Abdul Salam, promised to help open the door to investing and trading in the new type of securities along with shares of companies contribute, hoping that “Government bonds are inserted by the Iraqi Central Bank and traded in the next few days.”

Read More: http://www.dinarupdates.com/showthread.php?43427-Stock-market-instruct-Government-bond-trading

______________________________________________________________

Central Bank: the deletion of zeros in early 2017

Benefits:

1.adraj Iraqi dinar within the global currency basket and handle it officially the world ‘s stock exchanges and financial markets.

2.amkanah held economic agreements to handle the national currency as Iraq could hold Order dollar instead dinar when the contract to build two production lines deals agreements or transactions Stirad goods this will cover a very large part of the foreign remittances that are squandering of national wealth from foreign exchange.

3.illt trading allows dealing in Iraqi dinar in the Iraqi market and not rely on foreign and squandered currencies and Bosrtha transfer abroad by the private and public sector, which is the sovereign wealth dissipated abroad a small, non – essential positions and luxury in Iraq at the time need this wealth of storage as a reserve.

4.seetm rid of manipulating market currency exchange and finish the so – called auction sell the currency , “” burning oven dollar “”

5.satoagaf work corrupt suspicious of banks and their agents and Smaserthm “” contractor and investor cartoons ”

6.seetm capping the highest amounts transferred abroad of currency the dollar and the euro and the yen sterling and the yuan exchange – active and other pound to ensure that no smuggling the vast majority of trades of currency smuggling.

The Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project.

He said: ” the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency”, returned him as “this strategic project will serve the country ‘s economy if will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world stock markets. ”

He added that” the Bank is working on mechanisms for the implementation of this project is expected to start at the beginning of 2017 , “noting that” the central bank began the first steps of the project through the selection of the designs , companies and the country that will be the currency printing. ”

He pointed out that” the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years , “pointing out that” this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity In the market ”

Alrasheedmedia.com

______________________________________________________________

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!!)
______________________________________________________________

Iraq takes steps to cemented investment projects

BAGHDAD – The joy of pumice with the government ‘s orientation to the advancement of the sector investment, requiring the need to cemented these steps through self – reliance to face the challenges that may arise, as demonstrated by the transfer of the Arab Union of International Arbitration headquarters to Baghdad.

In this regard showed deputy secretary general of the Union of Chancellor Najat Hussein’s « Sabah », said that” the transfer of the headquarters of the Union to Baghdad came to activate the work and put the near future plan, as it begins cycles specialist for the cadres of the ministries, regarding the legal, banking and financial aspects, for the preparation of skills and information on international arbitration, and the dissemination of legal culture in the field of investment , which the Iraqi government is working on promote it. ”

Dedicated team

Indicated Hussein to the ” pursuit of the Union for the preparation of a specialized legal team for the defense of Iraq ‘s financial, economic and investment rights, regarding against him suits, or that are held by the government against those who deviate from the contracts and contracting investment and reconstruction projects for investors and contractors non – Iraqis, dispensing for international law firms , which weigh heavily on the overall budget and cost effort big time has not come positive outcome for the benefit of Iraq. ”

The Minister of Justice Haider Zamili has stressed that” the transfer of the Arab Union of international Arbitration headquarters to Baghdad is a step forward in the field of spreading international arbitration and the adoption of enterprise culture legal in resolving conflicts. In addition to providing consultancy, providing huge sums currently spent by Iraq , international law firms, to plead in the proceedings to which Iraq is a discount it. ”

Debts and loans

Drew Hussein , ” there was a need in the debt on Iraq, loans and problems file with big investors, as the Union will adopt a follow – up of available expertise among its members, until the training, legal and IT plans is completed, the engaging sessions that will take place soon, in addition to follow – up investors in the field of oil in Iraq ‘s issues within the contracting and contracts between Iraq and the local and Arab companies
and foreign. ”

Legal action

Deputy secretary general of the Federation also suggests that” the objective of the Union is trying to achieve the establishment of a specialized court for international arbitration in Iraq to be the first in the Middle East and the Arab region, to save a lot of time and effort, and be an anchor to resolve conflicts and problems, and underpins the financial, economic and investment rights and business “.

As shown that the Arab Union of international Arbitration emerged from the Council of economic unity League of Arab. and officially registered with the United Nations Organization, and efforts are ongoing to expand the Union system and lay a solid foundation for legal action and international experiences, along with the consolidation of the foundations of the Union of Arab Arbitration up to the ranks of institutions the
world.

pointing out that Iraq will be a center of attraction for the training institutions and legal Arabic, through the presence of Union headquarters in Baghdad.

attributes of arbitration of the Arab Union of international Arbitration was established in January 29, 2012, to be the international Arab organization working in the economic union scale at the University of states Arabic.

and enjoys international arbitration great interest Mahtkamin party and increased international trade rate and breadth of the market, the alternative to the judiciary because of its features of interest to investors who are looking for a suitable climate to invest their money, through the search for justice and the speed in the resolution of conflicts, as well as protecting their investment in the light of a flexible and fast law.

Read More: http://www.dinarupdates.com/showthread.php?43416-Iraq-takes-steps-to-cemented-investment-projects-11-6

______________________________________________________________

Iraq:

Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding

Indicative rates – 11.08.2016

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

Welcome to the Dinar Daily NEWS Blog. For regular Dinar News Updates, Dinar to USD listings, Iraqi Dinar info and Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – if you are a Dinar vet or just looking for the current Dinar Value – Welcome.

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 11-06-16 (most recent listing)

Currency Auctions Announcement No. 3312

This daily currency auction was held in the Central Bank of Iraq on the 11-06-2016

The results were as follows:

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

The Constitution is not neutral. It was designed to take the government off the backs of people. – Supreme Court Justice William O. Douglas

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG & Company – Nov. 6th 7:30pm EST – In the DU CHAT ROOM!!

www.DinarUpdates.com – save as favorite

Central Bank: the deletion of zeros in early 2017

Benefits:

1.adraj Iraqi dinar within the global currency basket and handle it officially the world ‘s stock exchanges and financial markets.

2.amkanah held economic agreements to handle the national currency as Iraq could hold Order dollar instead dinar when the contract to build two production lines deals agreements or transactions Stirad goods this will cover a very large part of the foreign remittances that are squandering of national wealth from foreign exchange.

3.illt trading allows dealing in Iraqi dinar in the Iraqi market and not rely on foreign and squandered currencies and Bosrtha transfer abroad by the private and public sector, which is the sovereign wealth dissipated abroad a small, non – essential positions and luxury in Iraq at the time need this wealth of storage as a reserve.

4.seetm rid of manipulating market currency exchange and finish the so – called auction sell the currency , “” burning oven dollar “”

5.satoagaf work corrupt suspicious of banks and their agents and Smaserthm “” contractor and investor cartoons ”

6.seetm capping the highest amounts transferred abroad of currency the dollar and the euro and the yen sterling and the yuan exchange – active and other pound to ensure that no smuggling the vast majority of trades of currency smuggling.

The Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project.

He said: ” the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency”, returned him as “this strategic project will serve the country ‘s economy if will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world stock markets. ”

He added that” the Bank is working on mechanisms for the implementation of this project is expected to start at the beginning of 2017 , “noting that” the central bank began the first steps of the project through the selection of the designs , companies and the country that will be the currency printing. ”

He pointed out that” the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years , “pointing out that” this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity In the market ”

Alrasheedmedia.com

Dinar Updates – “Behind the Scenes!!”
from Tues nite – Nov 1st
w/RCookie, Mr White & Hutch

Smart phone user link – Click here

______________________________________________________________

Kaperoni (Dinar Guru) –   Article:  “Learn the benefits of removing zeros from the Iraqi currency”   Quote:  “…the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project.”  That is a good one…!  High hopes and fingers crossed! We have a bit to wait yet.  They need to end the war and clean out Mosul and I am sure they need to pass a few more laws.  But this article for sure provides more clarity and confirmation on the plan.

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

______________________________________________________________

Don’t miss THE CALL –
“The Next 72 hrs”!!
from Wed – Nov 2nd
w/BGG and Company
“Click-N-Listen”

Smart phone user link – Click here

______________________________________________________________

wmawhite (Dinar Guru) –  …it is always good to ask…”what is it that we know.”  Most of what we know comes from the Central Bank of Iraq.  The most recent was two and a half weeks ago…  “The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project…he added that “the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017…”    …other article/opinion pieces, IMO, support or add to what the CBI has indicated what they want to do.

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

Zawbai: issuance of warrants against 18 ministers and 137 General Manager

Baghdad scales news – Detect parliamentary integrity Committee Chairman Talal Al-zawbai, Saturday, the issuance of warrants against 18 ministers and 137 General Manager.

He said parallel news/zawbai, that “warrants issued against more than 18 ministers or Minister and more than seven secretaries.”

He added that “there are other arrest warrants issued against 137 General Manager or is his degree.”

He drew zawbai that “this operation is considered a revolution against corruption and orders issued by eliminating evidence of his courage and full cooperation between the legislative and judicial branches

Read More: http://www.dinarupdates.com/showthread.php?43339-Zawbai-issuance-of-warrants-against-18-ministers-and-137-General-Manager

______________________________________________________________

Kaperoni (Dinar Guru) –   Article:  “Exclude” the application of a unified Gulf currency in the near term”   Quote:  “Confirmed economists, that put up a unified currency Lt six members of the Gulf Cooperation Council is unlikely in the long foreseeable future.”   More good news…for years the Middle East has talked about unifying to a single currency, which if it happened would not be good for us as we want to see Iraq with it’s own strong Dinar. The statement “unlikely in the long foreseeable future” is good news for sure.

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

______________________________________________________________

Parliament begins tomorrow with the second reading of the budget in 2017

{Baghdad: Euphrates News} House of Representatives tomorrow begin the second reading of the budget law for 2017.

According to the parliamentary finance committee member Sirhan Ahmed told {Euphrates News} Friday, that ” the parliament will start in its regular day on Saturday the second reading of the law of 2017budget.”
He added that ” there will vote on the budget bill at the completion of the final version of him during this month . ”it is said that the House of Representatives ended on 24 October last, the first reading of the draft next year ‘s budget law of 2017.

With regard to the granting of employee long vacation Act Ahmed said,” this law came from the government and the financial bush and purpose to make it easier for employees to carry out again, it may be economically feasible in the law that we pass in the cash – strapped country. ”

the voice of the House of Representatives in its regular Thursday under the chairmanship of Salim al – President of the Council and in the presence of 217 deputies, in principle the draft grant the employeevacation unusual Taiwilh.anthy law

alforatnews.com

______________________________________________________________

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!!)
______________________________________________________________

Parliament: the host Governor and bank managers to discuss the reasons for the high dollar prices

The Parliamentary Committee on the economy and investment plans to host the Governor and directors of State banks, soon to find out the reasons for the low dollar reserves and exchange rate appreciation.

Although taking many Iraqi Central Bank action to try to reduce the dollar in local markets remains shaky rising up sometimes to 1300 dinars per dollar, as attested in return Bank reserves, continued deterioration.

Supermarket called citizens and merchants to complain to him about banks and remittance companies that sell per dollar by more than 1200 BD, having expanded sales outlets to include State banks, as campus last month three private banks and banking company 99 entry window to sell the currency, because of violation of the laws and regulations of the Bank regarding the purchase and sale of foreign currency but those actions didn’t work well in lowering rates, and comforted to reasons of oil sales and the dollar exchange rate to other currencies.

Because House Members criticized the monetary policy followed by the Central Bank, which led to huge waste in fiscal reserves, but decreased from 78 billion dollars in 2013 to 40 billion this year, because of that the Parliamentary Committee on the economy and investment plans, the host Governor and directors of State banks, soon to find out the reasons for the low dollar reserves, as well as rising exchange rates, especially after accusing members of the Parliamentary Committee on the economy and investment the monetary policy pursued by the Central Bank for the delivery Dollar in the local market to more than 1300 dinars per dollar, while the official selling price to the Bank not later than 1200 dinars per dollar, calling for a new policy to sell the currency through the open window for direct sale to citizens, and prevailing market price and bring benefit to the public budget.

For his part, said the spokesman for the Central Bank and Acer Jabbar “Central Bank reserve file is not a complex as described by some, and the increase and decrease in reserve of process occurs in all countries of the world, because it is influenced by several factors, notably imports from oil sales, and dollar exchange rates of other currencies.

Read More: http://www.dinarupdates.com/showthread.php?43348-Parliament-the-host-Governor-and-bank-managers-to-discuss-the-reasons-for-the-high-d

______________________________________________________________

Iraq:

Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding

Indicative rates – 11.06.2016

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

Welcome to the Dinar Daily NEWS Blog. For regular Dinar News Updates, Dinar to USD listings, Iraqi Dinar info and Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – if you are a Dinar vet or just looking for the current Dinar Value – Welcome.

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction 11-03-16 (most recent listing)

Currency Auctions Announcement No. 3311

This daily currency auction was held in the Central Bank of Iraq on the 11-03-2016

The results were as follows:

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

Twenty years from now you will be more disappointed by the things you didn’t do than by the things you did. – Mark Twain

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG & Company – Nov. 6th 7:30pm EST – In the DU CHAT ROOM!!

www.DinarUpdates.com – save as favorite

Central Bank: the deletion of zeros in early 2017

Benefits:

1.adraj Iraqi dinar within the global currency basket and handle it officially the world ‘s stock exchanges and financial markets.

2.amkanah held economic agreements to handle the national currency as Iraq could hold Order dollar instead dinar when the contract to build two production lines deals agreements or transactions Stirad goods this will cover a very large part of the foreign remittances that are squandering of national wealth from foreign exchange.

3.illt trading allows dealing in Iraqi dinar in the Iraqi market and not rely on foreign and squandered currencies and Bosrtha transfer abroad by the private and public sector, which is the sovereign wealth dissipated abroad a small, non – essential positions and luxury in Iraq at the time need this wealth of storage as a reserve.

4.seetm rid of manipulating market currency exchange and finish the so – called auction sell the currency , “” burning oven dollar “”

5.satoagaf work corrupt suspicious of banks and their agents and Smaserthm “” contractor and investor cartoons ”

6.seetm capping the highest amounts transferred abroad of currency the dollar and the euro and the yen sterling and the yuan exchange – active and other pound to ensure that no smuggling the vast majority of trades of currency smuggling.

The Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project.

He said: ” the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency”, returned him as “this strategic project will serve the country ‘s economy if will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world stock markets. ”

He added that” the Bank is working on mechanisms for the implementation of this project is expected to start at the beginning of 2017 , “noting that” the central bank began the first steps of the project through the selection of the designs , companies and the country that will be the currency printing. ”

He pointed out that” the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years , “pointing out that” this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity In the market ”

Alrasheedmedia.com

Dinar Updates – “Behind the Scenes!!”
from Tues nite – Nov 1st
w/RCookie, Mr White & Hutch

Smart phone user link – Click here

______________________________________________________________

wmawhite (Dinar Guru) –  …it is always good to ask…”what is it that we know.”  Most of what we know comes from the Central Bank of Iraq.  The most recent was two and a half weeks ago…  “The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project…he added that “the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017…”    …other article/opinion pieces, IMO, support or add to what the CBI has indicated what they want to do.]

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

______________________________________________________________

Don’t miss THE CALL –
“The Next 72 hrs”!!
from Wed – Nov 2nd
w/BGG and Company
“Click-N-Listen”

Smart phone user link – Click here

______________________________________________________________

wmawhite (Dinar Guru) –   Article:   “Iraqi monetary system enhanced the currency of a new dinars”  This is what the Central Bank said two and a half weeks ago…”He noted that” the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years, “pointing out that” this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity.”  …ancient coins…(coins/notes)… i.e. the notes you have today.   The notes the citizens currently have will be accepted for 10 years.  [WHICH IS THE SAME NOTES THAT WE HAVE.]  In order for those smaller notes to be put into circulation/market place, the value must change.  If the value changes then something will change with the peg as well as the auctions.  In other words…these are all tied together…that is why it is referred to as a “project”.   [post 1 of 2….stay tuned]

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

Zawbai: issuance of warrants against 18 ministers and 137 General Manager

Baghdad scales news – Detect parliamentary integrity Committee Chairman Talal Al-zawbai, Saturday, the issuance of warrants against 18 ministers and 137 General Manager.

He said parallel news/zawbai, that “warrants issued against more than 18 ministers or Minister and more than seven secretaries.”

He added that “there are other arrest warrants issued against 137 General Manager or is his degree.”

He drew zawbai that “this operation is considered a revolution against corruption and orders issued by eliminating evidence of his courage and full cooperation between the legislative and judicial branches

Read More: http://www.dinarupdates.com/showthread.php?43339-Zawbai-issuance-of-warrants-against-18-ministers-and-137-General-Manager

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wmawhite (Dinar Guru) –   …keep in mind, that the large notes will be needed in the market place until the prices of goods decrease…but the prices will not decrease until the value of the currency buying the goods increases in value significantly.  So, when you are told the delete the zeros project will result in the need for the 50, 100 and 200 IQD notes, then you can assume that there is a change in the value coming soon.  The smaller notes will coincide with the larger notes for up to ten years.  The most important part of their statements is that the 50, 100 and 200 is expect either by 2017 or the beginning of 2017…and in order for the 50, 100 and 200 notes to work…and change in the value must occur.   [post 2 of 2]

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

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Parliament begins tomorrow with the second reading of the budget in 2017

{Baghdad: Euphrates News} House of Representatives tomorrow begin the second reading of the budget law for 2017.

According to the parliamentary finance committee member Sirhan Ahmed told {Euphrates News} Friday, that ” the parliament will start in its regular day on Saturday the second reading of the law of 2017budget.”
He added that ” there will vote on the budget bill at the completion of the final version of him during this month . ”it is said that the House of Representatives ended on 24 October last, the first reading of the draft next year ‘s budget law of 2017.

With regard to the granting of employee long vacation Act Ahmed said,” this law came from the government and the financial bush and purpose to make it easier for employees to carry out again, it may be economically feasible in the law that we pass in the cash – strapped country. ”

the voice of the House of Representatives in its regular Thursday under the chairmanship of Salim al – President of the Council and in the presence of 217 deputies, in principle the draft grant the employeevacation unusual Taiwilh.anthy law

alforatnews.com

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Parliament: the host Governor and bank managers to discuss the reasons for the high dollar prices

The Parliamentary Committee on the economy and investment plans to host the Governor and directors of State banks, soon to find out the reasons for the low dollar reserves and exchange rate appreciation.

Although taking many Iraqi Central Bank action to try to reduce the dollar in local markets remains shaky rising up sometimes to 1300 dinars per dollar, as attested in return Bank reserves, continued deterioration.

Supermarket called citizens and merchants to complain to him about banks and remittance companies that sell per dollar by more than 1200 BD, having expanded sales outlets to include State banks, as campus last month three private banks and banking company 99 entry window to sell the currency, because of violation of the laws and regulations of the Bank regarding the purchase and sale of foreign currency but those actions didn’t work well in lowering rates, and comforted to reasons of oil sales and the dollar exchange rate to other currencies.

Because House Members criticized the monetary policy followed by the Central Bank, which led to huge waste in fiscal reserves, but decreased from 78 billion dollars in 2013 to 40 billion this year, because of that the Parliamentary Committee on the economy and investment plans, the host Governor and directors of State banks, soon to find out the reasons for the low dollar reserves, as well as rising exchange rates, especially after accusing members of the Parliamentary Committee on the economy and investment the monetary policy pursued by the Central Bank for the delivery Dollar in the local market to more than 1300 dinars per dollar, while the official selling price to the Bank not later than 1200 dinars per dollar, calling for a new policy to sell the currency through the open window for direct sale to citizens, and prevailing market price and bring benefit to the public budget.

For his part, said the spokesman for the Central Bank and Acer Jabbar “Central Bank reserve file is not a complex as described by some, and the increase and decrease in reserve of process occurs in all countries of the world, because it is influenced by several factors, notably imports from oil sales, and dollar exchange rates of other currencies.

Read More: http://www.dinarupdates.com/showthread.php?43348-Parliament-the-host-Governor-and-bank-managers-to-discuss-the-reasons-for-the-high-d

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Iraq:

Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding

Indicative rates – 11.05.2016

http://www.cbi.iq/

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