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 (most recent listing) 09-28-16

Currency Auctions Announcement No. 3286

This daily currency auction was held in the Central Bank of Iraq on the 09-28-2016

The results were as follows:

DETAILS	NOTES
Number of banks	29
Number of remittance companies	15
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	117,140,656
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	117,140,656
Total offers for selling (US$)	—–

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

Socialism is the Philosophy of Failure, The Creed of Ignorance and the Gospel of Envy – Winston Churchill

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie, Mr White & Hutch in the DU CHAT ROOM – Wed. – 28th 7:30pm EST

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Kaperoni (Dinar Guru) –   Article:  “Central bank: Iraq will emerge from the gray list to the white early next year”   Quote:  “…the highest international group to monitor the money moving internationally to remove Iraq from the gray list to the white early next year, 2017…”  This is one of those articles that is so matter of fact.  There can be no confusion what the CBI is saying here.  No misunderstanding.  Here is what the IMF said in the SBA…”The authorities will gradually remove remaining exchange restrictions and multiple currency practice (MCP) (MEFP, 14). Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.”  We can clearly see that early 2017 the CBI plans to enter Article VIII.  This will facilitate international investment, confidence and international transactions using the dinar.  This also, IMO will be when the dinar begins to float. As already stated, the CBI plans to introduce a new 50, 100, and 200 at the same time so we can expect the dinar to improve significantly in 2017.

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

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Q & A Call!!”
Tues – Sept. 27th 8:30pm EST
w/RCookie, Mr White & Hutch

Smart phone user link – Click here

Economists Atdarson expand financial resources

BAGHDAD / Shokran Fatlawi – considered the elite of financiers, economists and specialists of financial and oil affairs challenges and problems facing the 2017 budget year in light of a sharp drop in oil prices , arguing that the budget is the main criterion for measuring economic performance , stressing at the same time , the need to develop a vision based on the financial realities and oil for the country.

initiated a symposium organized by the progress of policy development institute under the title «economic analysis to balance the 2017 challenges and solutions» and attended by «morning» the word of the President of the Institute , Dr. Mehdi al – Hafez, which explained through which the country is going through very harsh conditions, which impacted on the preparation of the budget and the value of
Finance.

Fundamental issues

and pointed out that since 2003, and still balance the focus of controversy and discussion is useless because of the sense that the waste could leak into the budget and its implementation.

he said Hafiz said the deal is going on in economic circles on the text submitted an analysis of the budget in 2017 to be taken into account fundamental issues in dispute , particularly the exchange rate of the Iraqi dinar, then placed «final accounts« which constitute an essential element in the state accounts, which is still pending material without serious her application, and control over the exchange rate the 17 percent.

asked for financial accounts with the Kurdistan region and whether that 17 percent represents sound formula or should be counted the money received by the region , whether in the form of oil sales, taxes or fees or other forms, then what about the official existing units now in the economic structure of the state and do we need to rethink the safety of these units and economic need for them.

He concluded Hafiz Talking about the service contracts in the field of oil and calls for a review and put it in the context of reduced public spending of the state as well as the question of the project on a number of institutions and the reason to keep it.

in turn assured the governor of the central bank and the agency , Dr. Ali Keywords in a brief statement that the work is underway to set up a budget programs and re – structure accounting system and the reduction of import phenomenon and work tariffs.

Loans international

For his part , stop counselor for economic Affairs in the Council of Ministers , Dr. Abdul Hussein Al – Anbuge, when international loans and carry it from the negative effects on the national economy , where Iraq will face difficulty in repayment and benefits years later, also addressed the value of the dollar and linked to addressing the deficit in the federal budget, as well as reducing the number of parliamentarians to 100 members and determine the ten members of the provincial council and its role in reducing expenses.

Maximizing revenue

and added that to maximize revenue and as stated in the budget of 2017 is continuing to impose sales tax on Kartat mobile phone and internet networks about 20 percent , accompanied by the imposition of airport tax as a lump sum (25 thousand dinars) per ticket in all airports, as well as the continuation of the ministries and provinces to impose fees or wages of new services and modification fees and current wages with the exception of the sovereign. ‘

Wages – electricity

and stressed the importance of activating the collection of electricity, telephone, water and sewer fees, The deduction is worth 4.8 percent of the total salaries and allowances for all state employees and retirees all meet the needs of the popular crowd and relief to the displaced as well as increase the property tax rate of 10-15 percent, selling and investment Output Cree rivers and 50 percent of them to cover the Ministry of water resources expenses and 50 percent final revenue budget

Rationalization of spending

either in regard to measures to rationalize spending, Anbuge it clear that reducing the number of cars to the heads of the three presidencies as stated in the budget of 2017 by 5 cars of the heads of the three presidencies and four cars to their deputies and three cars for ministers and rank shall be fixed and two cars to agents and rank shall be fixed for the general managers.

among Anbuge, bears employee car State uses a completely fuel and maintenance expenses with the exception of operational cars and farm productivity and ambulances and the transfer of staff, referring to reduce the number of delegates 50 percent and reducing the external deployment and reduce expenses. the

Organization of conferences

and stressed the need not to organize conferences outside Iraq and reducing diplomatic missions by 25 percent and the closure of Attaches and transferred to the embassy , and reduce the number of its employees by 25 percent , also stressed the importance of reduce the number of state employees and to stop the appointments in companies and institutions of self – financing and trimming scores that are vacated due to transportation or retirement or death.

point Anbuge a number of observations about the budget bill consisted article 10 / III need to rewriting floating for being, as the Article 21 dispute the scientific bases for the preparation of the budget came while Article 27 remained floating well as the issuance of money orders and bonds worth $ 12 billion to cover the entitlements of the oil companies did not appear in the budget table.

Read More: http://www.dinarupdates.com/showthread.php?41509-Economists-Atdarson-expand-financial-resources-9-24

Call to activate direct investment in all sectors

BAGHDAD – Al- Sabah – stressed competent in economic affairs Ahmed expensive on the need to adopt swift measures do direct investment for its role in achieving the development of all economic sectors.

And direct investment means the movement warheads global funds for the development of economic sectors achieve economic feasibility for all involved in the implementation of projects parties economic.

He is charged in an interview with «morning»: that this type of investment requires starting from attracting direct investment climate that can have direct access to Iraq to provide.

He pointed out that Iraq is in dire need of the global effort sophisticated and specialist and world capital that must work to attract them to the country and invested in various sectors , production and service.

inexpensive stressed the need for the formation of committees or hiring private sector to work to provide a suitable environment conducive to attracting so dedicated effort has an international reputation and wide have the ability to implement quality projects in all sectors contribute to achieving real sustainable development.

it encourages the investment Law No. 13 of 2006 on the activation of investments in all sectors without exception.

He charged that the job opportunities in the big Iraq and across all sectors , without exception , and need the efforts of local and international companies , without exception, which requires us to work towards building bridges of cooperation with these companies and the introduction of local companies as a partner in implementation to gain experience and mastery of the technology
developed.

Read More: http://www.dinarupdates.com/showthread.php?41508-Call-to-activate-direct-investment-in-all-sectors-9-24

______________________________________________________________

Kaperoni (Dinar Guru) –  Article:  “Float the Iraqi dinar economic phenomenon that will support the national currency”    hopefully the plan will be put in place soon so Iraq can start to create a private sector.  The dinar is key to that success.

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

Rise in the market value of companies in the stock market

BAGHDAD / Mustafa al – Hashimi – headed Iraq Stock Exchange to contract with one of the Arab corporate systems and programming for increased activation of the trading process through Alanturnt.ozkr weekly report of the Stock Exchange, seen by the «morning» he hoped the signing of the Convention in October next month and that the service is launching in quarter the first of the year 2017.

he added that these systems will be compatible and connected with the management system data in the brokerage firm so as to contribute to the rehabilitation of the investor to trade himself after enable him to understand the cash tally prepared for the purchase and the tally of shares if he would like to sell.

in the same context of the Iraqi market index rose Securities in the last sessions last week to 3.69 percent at 568.66 points. the market value of companies listed on the Iraq stock Exchange 8.241 trillion dinars during the week ended twenty – second of this month. the report said the number of shares traded for the week 3 billion shares compared with two billion shares last week, while the value of shares traded amounted to two billion dinars , compared to one billion dinars last week achieved through executing trades numbered for the 1810 week deals compared to 1336 deal last week.

It is said that the number of shares listed on the Iraq stock Exchange of 8 trillion and 973 billion shares, and the number of listed companies in the market 96 joint – stock company, of which 70 companies listed in the regular market and 26 companies listed in the second market.

according to the report the number of stalled companies has become the trading of non – commitment to provide annual disclosure and quarterly Authority and the market for 26 companies, and the number of remittance companies suspended from trading after the approval of the change of activity and until the issuance of license to practice from the central bank and complete the filing procedures and the inclusion of 3 corporate issuance.

and investors trading (foreign) the number of shares bought from investors totaled Giralaracaan for this week ‘s 125 million shares, valued at 432 billion dinars during the implementation of the 52 transactions on the shares of eight companies.

While the number of shares sold reached by non – Iraqi investors to this week ‘s 281 million shares valued at 183 million dinars through the implementation of 130 transactions on the shares of seven companies.

On the other hand the Board of Governors approved the Iraq Stock Exchange trading instructions via the Internet for investors , which measures include brokerage firms to take in order to obtain a license to provide this service, including participation in the online trading system, and until Thursday , five brokerage firms submitted a request to participate in this system.

Besides disclose the risks associated with investing and models to deal with investors ‘ action «know Your Customer» as board of Governors approved the commissions Satkadaha mediator. addresses the FAQ also requirements implemented by investors to agree to their online trading.

and the Iraq Stock Exchange several months ago to organize lectures and workshops for brokerage firms and investors for the purpose of definition of these services.

the Iraq Stock Exchange consists of 98 listed company with a total capitalization of more than 8 trillion shares representing banking , including sector 5 trillion shares and thus the most sector be traded and 65 percent of the total shares traded per day.

The governing Iraq stock Exchange five trading sessions a week from Sunday to Thursday.

Read More: http://www.dinarupdates.com/showthread.php?41510-Rise-in-the-market-value-of-companies-in-the-stock-market-9-24

______________________________________________________________

BGG (Dinar Guru) –    Article quote:   “…he said Hafiz said the deal is going on in economic circles on the text submitted an analysis of the budget in 2017 to be taken into account fundamental issues in dispute , particularly the exchange rate of the Iraqi dinar…”   they are in the middle of making some final “re-workings” on the 2017 budget… one of them sounds like some different exchange rate…which is weird… how can they “decide” what the price of oil will be – or their exchange rate… unless they already know.

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

A new action plan to ease the pressure on the budget

BAGHDAD / Hussein Tgb included another amendment to the Investment Law No. 13 of 2010, the developer concept, which came a new action plan to ease the financial pressure on the state budget, so the distribution of investment tasks.

Developer means »that is, or the company is implementing infrastructure fully for all specialized facilities of the city industrial, commercial or scientific or residential, and after the developer distributes investment opportunities on new investors have assumed the responsibilities of the implementation of various joints work» President of the National Business Council of Iraq David Abdul Zayer said that another amendment was issued on the investment law to ensure the development of the developer axis that runs the first developer Bmvsalin and Almsttmr.oadav in an interview with «morning» that the first developer, which handles the creation of industrial infrastructure of cities or tourist, as well as residential to other major projects, which allows him law to receive the land and the provision of infrastructure full cycles of various roads and bridges and basic services.

Land division and said that the land, which provide them with infrastructure is divided and given to other investors through the first developer, eg if we want to build us a residential city to provide roads, sewer, telecommunications and water within the confines of this space is then divided space into residential land and other recreational spaces for services education and construction of places of worship and the requirements so cities.

And issued Investment Law No. 13 of 2006 in order to boost economic and social development process, development and bring technical and operational expertise and human resources development and creating job opportunities for Iraqis to encourage investment and support the establishment of investment in Iraq and expansion projects and development of various economic levels, the process and the granting of privileges and exemptions for these projects, so this law was enacted He pointed out that the investment law, as amended protects the developer as well as investor and this is important Mnaf work investment and new element to attract contained Alastosmar.ofatt law that the new amendment granting the developer the right to grant the land to the investor under the investment license and the approval of the first developer and collection services and a portion of the amount of infrastructure that group spent to serve the new investor, pointing out that in this case has investment indivisible and we can build a modern new cities a way that minimizes the costs of the investment business, where investment in major projects require large sums of money may not be strengthened by a single investor.

He said that this method enables the investor to work in a part of the project and the completion of the work assigned to him specifications defined and within the executive potentials and during the time period, indicating that these amendments get in cooperation with the local sector, which has a lot of proposals capable of advancement of the national economy because he lives to the field of work and on familiar with the most important implementation of projects and determinants that prevent this requirement.

Read More: http://www.dinarupdates.com/showthread.php?41323-A-new-action-plan-to-ease-the-pressure-on-the-budget-9-21

______________________________________________________________

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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

Iraq:

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

06192016loi
______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1326.204	1325.541
British pound	GBP	1531.399	1530.634
Canadian dollar	CAD	892.210	891.764
Swiss franc	CHF	1220.444	1219.834
Swedish krona	SEK	138.669	138.600
Norwegian krone	NOK	145.565	145.492
Danish krone	DKK	178.012	177.923
Japanese yen	JPY	11.729	11.723
Special Drawing Rights	SDR	1655.060	1654.233

Indicative rates – 09.28.2016

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 (most recent listing) 09-26-16

Currency Auctions Announcement No. 3284

This daily currency auction was held in the Central Bank of Iraq on the 09-26-2016

The results were as follows:

DETAILS	NOTES
Number of banks	28
Number of remittance companies	15
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	115,388,428
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	115,388,428
Total offers for selling (US$)	—–

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

The first lesson of economics is scarcity. The first lesson of politics is to disregard the first lesson of economics. – Thomas Sowell

*** Current News ***

Economists Atdarson expand financial resources

BAGHDAD / Shokran Fatlawi – considered the elite of financiers, economists and specialists of financial and oil affairs challenges and problems facing the 2017 budget year in light of a sharp drop in oil prices , arguing that the budget is the main criterion for measuring economic performance , stressing at the same time , the need to develop a vision based on the financial realities and oil for the country.

initiated a symposium organized by the progress of policy development institute under the title «economic analysis to balance the 2017 challenges and solutions» and attended by «morning» the word of the President of the Institute , Dr. Mehdi al – Hafez, which explained through which the country is going through very harsh conditions, which impacted on the preparation of the budget and the value of
Finance.

Fundamental issues

and pointed out that since 2003, and still balance the focus of controversy and discussion is useless because of the sense that the waste could leak into the budget and its implementation.

he said Hafiz said the deal is going on in economic circles on the text submitted an analysis of the budget in 2017 to be taken into account fundamental issues in dispute , particularly the exchange rate of the Iraqi dinar, then placed «final accounts« which constitute an essential element in the state accounts, which is still pending material without serious her application, and control over the exchange rate the 17 percent.

asked for financial accounts with the Kurdistan region and whether that 17 percent represents sound formula or should be counted the money received by the region , whether in the form of oil sales, taxes or fees or other forms, then what about the official existing units now in the economic structure of the state and do we need to rethink the safety of these units and economic need for them.

He concluded Hafiz Talking about the service contracts in the field of oil and calls for a review and put it in the context of reduced public spending of the state as well as the question of the project on a number of institutions and the reason to keep it.

in turn assured the governor of the central bank and the agency , Dr. Ali Keywords in a brief statement that the work is underway to set up a budget programs and re – structure accounting system and the reduction of import phenomenon and work tariffs.

Loans international

For his part , stop counselor for economic Affairs in the Council of Ministers , Dr. Abdul Hussein Al – Anbuge, when international loans and carry it from the negative effects on the national economy , where Iraq will face difficulty in repayment and benefits years later, also addressed the value of the dollar and linked to addressing the deficit in the federal budget, as well as reducing the number of parliamentarians to 100 members and determine the ten members of the provincial council and its role in reducing expenses.

Maximizing revenue

and added that to maximize revenue and as stated in the budget of 2017 is continuing to impose sales tax on Kartat mobile phone and internet networks about 20 percent , accompanied by the imposition of airport tax as a lump sum (25 thousand dinars) per ticket in all airports, as well as the continuation of the ministries and provinces to impose fees or wages of new services and modification fees and current wages with the exception of the sovereign. ‘

Wages – electricity

and stressed the importance of activating the collection of electricity, telephone, water and sewer fees, The deduction is worth 4.8 percent of the total salaries and allowances for all state employees and retirees all meet the needs of the popular crowd and relief to the displaced as well as increase the property tax rate of 10-15 percent, selling and investment Output Cree rivers and 50 percent of them to cover the Ministry of water resources expenses and 50 percent final revenue budget

Rationalization of spending

either in regard to measures to rationalize spending, Anbuge it clear that reducing the number of cars to the heads of the three presidencies as stated in the budget of 2017 by 5 cars of the heads of the three presidencies and four cars to their deputies and three cars for ministers and rank shall be fixed and two cars to agents and rank shall be fixed for the general managers.

among Anbuge, bears employee car State uses a completely fuel and maintenance expenses with the exception of operational cars and farm productivity and ambulances and the transfer of staff, referring to reduce the number of delegates 50 percent and reducing the external deployment and reduce expenses. the

Organization of conferences

and stressed the need not to organize conferences outside Iraq and reducing diplomatic missions by 25 percent and the closure of Attaches and transferred to the embassy , and reduce the number of its employees by 25 percent , also stressed the importance of reduce the number of state employees and to stop the appointments in companies and institutions of self – financing and trimming scores that are vacated due to transportation or retirement or death.

point Anbuge a number of observations about the budget bill consisted article 10 / III need to rewriting floating for being, as the Article 21 dispute the scientific bases for the preparation of the budget came while Article 27 remained floating well as the issuance of money orders and bonds worth $ 12 billion to cover the entitlements of the oil companies did not appear in the budget table.

Read More: http://www.dinarupdates.com/showthread.php?41509-Economists-Atdarson-expand-financial-resources-9-24

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie, Mr White & Hutch in the DU CHAT ROOM – Tuesday – 27th 7:30pm EST

www.DinarUpdates.com – save as favorite

Call to activate direct investment in all sectors

BAGHDAD – Al- Sabah – stressed competent in economic affairs Ahmed expensive on the need to adopt swift measures do direct investment for its role in achieving the development of all economic sectors.

And direct investment means the movement warheads global funds for the development of economic sectors achieve economic feasibility for all involved in the implementation of projects parties economic.

He is charged in an interview with «morning»: that this type of investment requires starting from attracting direct investment climate that can have direct access to Iraq to provide.

He pointed out that Iraq is in dire need of the global effort sophisticated and specialist and world capital that must work to attract them to the country and invested in various sectors , production and service.

inexpensive stressed the need for the formation of committees or hiring private sector to work to provide a suitable environment conducive to attracting so dedicated effort has an international reputation and wide have the ability to implement quality projects in all sectors contribute to achieving real sustainable development.

it encourages the investment Law No. 13 of 2006 on the activation of investments in all sectors without exception.

He charged that the job opportunities in the big Iraq and across all sectors , without exception , and need the efforts of local and international companies , without exception, which requires us to work towards building bridges of cooperation with these companies and the introduction of local companies as a partner in implementation to gain experience and mastery of the technology
developed.

Read More: http://www.dinarupdates.com/showthread.php?41508-Call-to-activate-direct-investment-in-all-sectors-9-24

______________________________________________________________

BGG (Dinar Guru) –   …VND, ZIM, Rial and all the other HOAXES out there…what makes Iraq (and their situation) different from all these others?  how many of these countries have met with ALL THE OTHER WORLD LEADERS in the last 48 hours…how many of them had some kind of “top billing” at the recent IMF summit?  how many of them met with the President of the United States?  how many of them have this kind of economic future?  how many of these other countries are like Iraq?  NONE.  Not one…VASTLY different scenarios.  BTW – all of the stuff I mention about Iraq VS any other country “devaluing” has happened in the last 48 hrs!! Meetings, that’s just the last couple of days – so what makes Iraq different?? EVERYTHING!!!

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

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Q & A Call!!”
Tues – 27th – “After Call – LIVE”
w/RCookie, Mr White & Hutch

from 9/21 – Smart phone user link – Click here

Rise in the market value of companies in the stock market

BAGHDAD / Mustafa al – Hashimi – headed Iraq Stock Exchange to contract with one of the Arab corporate systems and programming for increased activation of the trading process through Alanturnt.ozkr weekly report of the Stock Exchange, seen by the «morning» he hoped the signing of the Convention in October next month and that the service is launching in quarter the first of the year 2017.

he added that these systems will be compatible and connected with the management system data in the brokerage firm so as to contribute to the rehabilitation of the investor to trade himself after enable him to understand the cash tally prepared for the purchase and the tally of shares if he would like to sell.

in the same context of the Iraqi market index rose Securities in the last sessions last week to 3.69 percent at 568.66 points. the market value of companies listed on the Iraq stock Exchange 8.241 trillion dinars during the week ended twenty – second of this month. the report said the number of shares traded for the week 3 billion shares compared with two billion shares last week, while the value of shares traded amounted to two billion dinars , compared to one billion dinars last week achieved through executing trades numbered for the 1810 week deals compared to 1336 deal last week.

It is said that the number of shares listed on the Iraq stock Exchange of 8 trillion and 973 billion shares, and the number of listed companies in the market 96 joint – stock company, of which 70 companies listed in the regular market and 26 companies listed in the second market.

according to the report the number of stalled companies has become the trading of non – commitment to provide annual disclosure and quarterly Authority and the market for 26 companies, and the number of remittance companies suspended from trading after the approval of the change of activity and until the issuance of license to practice from the central bank and complete the filing procedures and the inclusion of 3 corporate issuance.

and investors trading (foreign) the number of shares bought from investors totaled Giralaracaan for this week ‘s 125 million shares, valued at 432 billion dinars during the implementation of the 52 transactions on the shares of eight companies.

While the number of shares sold reached by non – Iraqi investors to this week ‘s 281 million shares valued at 183 million dinars through the implementation of 130 transactions on the shares of seven companies.

On the other hand the Board of Governors approved the Iraq Stock Exchange trading instructions via the Internet for investors , which measures include brokerage firms to take in order to obtain a license to provide this service, including participation in the online trading system, and until Thursday , five brokerage firms submitted a request to participate in this system.

Besides disclose the risks associated with investing and models to deal with investors ‘ action «know Your Customer» as board of Governors approved the commissions Satkadaha mediator. addresses the FAQ also requirements implemented by investors to agree to their online trading.

and the Iraq Stock Exchange several months ago to organize lectures and workshops for brokerage firms and investors for the purpose of definition of these services.

the Iraq Stock Exchange consists of 98 listed company with a total capitalization of more than 8 trillion shares representing banking , including sector 5 trillion shares and thus the most sector be traded and 65 percent of the total shares traded per day.

The governing Iraq stock Exchange five trading sessions a week from Sunday to Thursday.

Read More: http://www.dinarupdates.com/showthread.php?41510-Rise-in-the-market-value-of-companies-in-the-stock-market-9-24

______________________________________________________________

BGG (Dinar Guru) –   it appears attacking the corrupt was one of the VITAL items on a short list that the IMF has been insisting on…It appears to me…the GOI is responding to the IMF, WB and UN – though they aren’t entirely happy about it…however, if they want “international acceptance”, they have little choice. They must respond…Iraq has been under some version of an “IMPOSED RATE” since when?  [2003.]   it’s not even an accurate value – “Grossly undervalued” is the term used by learned economists…SO – it stands to reason they are going to have to appease those who “IMPOSED” this rate to start with… and THAT, my friends, is what we are seeing play out before our very eyes…those same actors that “imposed” can “unimpose” – it appears they have made this point very clear.  Iraq is about IRAQ.  Nothing else – AND it is the hottest topic in world finance right now. Period.  With VERY GOOD REASON.  Abadi’s PM “brand” is HUGE right now…he’s moving Iraq forward mightily…they are moving with great speed.  I think the future looks very bright for Iraq.

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

A new action plan to ease the pressure on the budget

BAGHDAD / Hussein Tgb included another amendment to the Investment Law No. 13 of 2010, the developer concept, which came a new action plan to ease the financial pressure on the state budget, so the distribution of investment tasks.

Developer means »that is, or the company is implementing infrastructure fully for all specialized facilities of the city industrial, commercial or scientific or residential, and after the developer distributes investment opportunities on new investors have assumed the responsibilities of the implementation of various joints work» President of the National Business Council of Iraq David Abdul Zayer said that another amendment was issued on the investment law to ensure the development of the developer axis that runs the first developer Bmvsalin and Almsttmr.oadav in an interview with «morning» that the first developer, which handles the creation of industrial infrastructure of cities or tourist, as well as residential to other major projects, which allows him law to receive the land and the provision of infrastructure full cycles of various roads and bridges and basic services.

Land division and said that the land, which provide them with infrastructure is divided and given to other investors through the first developer, eg if we want to build us a residential city to provide roads, sewer, telecommunications and water within the confines of this space is then divided space into residential land and other recreational spaces for services education and construction of places of worship and the requirements so cities.

And issued Investment Law No. 13 of 2006 in order to boost economic and social development process, development and bring technical and operational expertise and human resources development and creating job opportunities for Iraqis to encourage investment and support the establishment of investment in Iraq and expansion projects and development of various economic levels, the process and the granting of privileges and exemptions for these projects, so this law was enacted He pointed out that the investment law, as amended protects the developer as well as investor and this is important Mnaf work investment and new element to attract contained Alastosmar.ofatt law that the new amendment granting the developer the right to grant the land to the investor under the investment license and the approval of the first developer and collection services and a portion of the amount of infrastructure that group spent to serve the new investor, pointing out that in this case has investment indivisible and we can build a modern new cities a way that minimizes the costs of the investment business, where investment in major projects require large sums of money may not be strengthened by a single investor.

He said that this method enables the investor to work in a part of the project and the completion of the work assigned to him specifications defined and within the executive potentials and during the time period, indicating that these amendments get in cooperation with the local sector, which has a lot of proposals capable of advancement of the national economy because he lives to the field of work and on familiar with the most important implementation of projects and determinants that prevent this requirement.

Read More: http://www.dinarupdates.com/showthread.php?41323-A-new-action-plan-to-ease-the-pressure-on-the-budget-9-21

______________________________________________________________

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______________________________________________________________

For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

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______________________________________________________________

Iraq:

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

06192016loi
______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1325.495	1324.832
British pound	GBP	1533.527	1532.760
Canadian dollar	CAD	897.835	897.386
Swiss franc	CHF	1218.306	1217.696
Swedish krona	SEK	138.438	138.369
Norwegian krone	NOK	145.613	145.540
Danish krone	DKK	177.795	177.706
Japanese yen	JPY	11.703	11.697
Special Drawing Rights	SDR	1653.512	1652.685

Indicative rates – 09.26.2016

 

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!!

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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 (most recent listing) 09-25-16

Currency Auctions Announcement No. 3283

This daily currency auction was held in the Central Bank of Iraq on the 09-25-2016

The results were as follows:

DETAILS	NOTES
Number of banks	27
Number of remittance companies	15
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	114,221,577
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	114,221,577
Total offers for selling (US$)	—–

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

The first lesson of economics is scarcity. The first lesson of politics is to disregard the first lesson of economics. – Thomas Sowell

*** Current News ***

Economists Atdarson expand financial resources

BAGHDAD / Shokran Fatlawi – considered the elite of financiers, economists and specialists of financial and oil affairs challenges and problems facing the 2017 budget year in light of a sharp drop in oil prices , arguing that the budget is the main criterion for measuring economic performance , stressing at the same time , the need to develop a vision based on the financial realities and oil for the country.

initiated a symposium organized by the progress of policy development institute under the title «economic analysis to balance the 2017 challenges and solutions» and attended by «morning» the word of the President of the Institute , Dr. Mehdi al – Hafez, which explained through which the country is going through very harsh conditions, which impacted on the preparation of the budget and the value of
Finance.

Fundamental issues

and pointed out that since 2003, and still balance the focus of controversy and discussion is useless because of the sense that the waste could leak into the budget and its implementation.

he said Hafiz said the deal is going on in economic circles on the text submitted an analysis of the budget in 2017 to be taken into account fundamental issues in dispute , particularly the exchange rate of the Iraqi dinar, then placed «final accounts« which constitute an essential element in the state accounts, which is still pending material without serious her application, and control over the exchange rate the 17 percent.

asked for financial accounts with the Kurdistan region and whether that 17 percent represents sound formula or should be counted the money received by the region , whether in the form of oil sales, taxes or fees or other forms, then what about the official existing units now in the economic structure of the state and do we need to rethink the safety of these units and economic need for them.

He concluded Hafiz Talking about the service contracts in the field of oil and calls for a review and put it in the context of reduced public spending of the state as well as the question of the project on a number of institutions and the reason to keep it.

in turn assured the governor of the central bank and the agency , Dr. Ali Keywords in a brief statement that the work is underway to set up a budget programs and re – structure accounting system and the reduction of import phenomenon and work tariffs.

Loans international

For his part , stop counselor for economic Affairs in the Council of Ministers , Dr. Abdul Hussein Al – Anbuge, when international loans and carry it from the negative effects on the national economy , where Iraq will face difficulty in repayment and benefits years later, also addressed the value of the dollar and linked to addressing the deficit in the federal budget, as well as reducing the number of parliamentarians to 100 members and determine the ten members of the provincial council and its role in reducing expenses.

Maximizing revenue

and added that to maximize revenue and as stated in the budget of 2017 is continuing to impose sales tax on Kartat mobile phone and internet networks about 20 percent , accompanied by the imposition of airport tax as a lump sum (25 thousand dinars) per ticket in all airports, as well as the continuation of the ministries and provinces to impose fees or wages of new services and modification fees and current wages with the exception of the sovereign. ‘

Wages – electricity

and stressed the importance of activating the collection of electricity, telephone, water and sewer fees, The deduction is worth 4.8 percent of the total salaries and allowances for all state employees and retirees all meet the needs of the popular crowd and relief to the displaced as well as increase the property tax rate of 10-15 percent, selling and investment Output Cree rivers and 50 percent of them to cover the Ministry of water resources expenses and 50 percent final revenue budget

Rationalization of spending

either in regard to measures to rationalize spending, Anbuge it clear that reducing the number of cars to the heads of the three presidencies as stated in the budget of 2017 by 5 cars of the heads of the three presidencies and four cars to their deputies and three cars for ministers and rank shall be fixed and two cars to agents and rank shall be fixed for the general managers.

among Anbuge, bears employee car State uses a completely fuel and maintenance expenses with the exception of operational cars and farm productivity and ambulances and the transfer of staff, referring to reduce the number of delegates 50 percent and reducing the external deployment and reduce expenses. the

Organization of conferences

and stressed the need not to organize conferences outside Iraq and reducing diplomatic missions by 25 percent and the closure of Attaches and transferred to the embassy , and reduce the number of its employees by 25 percent , also stressed the importance of reduce the number of state employees and to stop the appointments in companies and institutions of self – financing and trimming scores that are vacated due to transportation or retirement or death.

point Anbuge a number of observations about the budget bill consisted article 10 / III need to rewriting floating for being, as the Article 21 dispute the scientific bases for the preparation of the budget came while Article 27 remained floating well as the issuance of money orders and bonds worth $ 12 billion to cover the entitlements of the oil companies did not appear in the budget table.

Read More: http://www.dinarupdates.com/showthread.php?41509-Economists-Atdarson-expand-financial-resources-9-24

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Call to activate direct investment in all sectors

BAGHDAD – Al- Sabah – stressed competent in economic affairs Ahmed expensive on the need to adopt swift measures do direct investment for its role in achieving the development of all economic sectors.

And direct investment means the movement warheads global funds for the development of economic sectors achieve economic feasibility for all involved in the implementation of projects parties economic.

He is charged in an interview with «morning»: that this type of investment requires starting from attracting direct investment climate that can have direct access to Iraq to provide.

He pointed out that Iraq is in dire need of the global effort sophisticated and specialist and world capital that must work to attract them to the country and invested in various sectors , production and service.

inexpensive stressed the need for the formation of committees or hiring private sector to work to provide a suitable environment conducive to attracting so dedicated effort has an international reputation and wide have the ability to implement quality projects in all sectors contribute to achieving real sustainable development.

it encourages the investment Law No. 13 of 2006 on the activation of investments in all sectors without exception.

He charged that the job opportunities in the big Iraq and across all sectors , without exception , and need the efforts of local and international companies , without exception, which requires us to work towards building bridges of cooperation with these companies and the introduction of local companies as a partner in implementation to gain experience and mastery of the technology
developed.

Read More: http://www.dinarupdates.com/showthread.php?41508-Call-to-activate-direct-investment-in-all-sectors-9-24

______________________________________________________________

BGG (Dinar Guru) –   …VND, ZIM, Rial and all the other HOAXES out there…what makes Iraq (and their situation) different from all these others?  how many of these countries have met with ALL THE OTHER WORLD LEADERS in the last 48 hours…how many of them had some kind of “top billing” at the recent IMF summit?  how many of them met with the President of the United States?  how many of them have this kind of economic future?  how many of these other countries are like Iraq?  NONE.  Not one…VASTLY different scenarios.  BTW – all of the stuff I mention about Iraq VS any other country “devaluing” has happened in the last 48 hrs!! Meetings, that’s just the last couple of days – so what makes Iraq different?? EVERYTHING!!!

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

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______________________________________________________________

Rise in the market value of companies in the stock market

BAGHDAD / Mustafa al – Hashimi – headed Iraq Stock Exchange to contract with one of the Arab corporate systems and programming for increased activation of the trading process through Alanturnt.ozkr weekly report of the Stock Exchange, seen by the «morning» he hoped the signing of the Convention in October next month and that the service is launching in quarter the first of the year 2017.

he added that these systems will be compatible and connected with the management system data in the brokerage firm so as to contribute to the rehabilitation of the investor to trade himself after enable him to understand the cash tally prepared for the purchase and the tally of shares if he would like to sell.

in the same context of the Iraqi market index rose Securities in the last sessions last week to 3.69 percent at 568.66 points. the market value of companies listed on the Iraq stock Exchange 8.241 trillion dinars during the week ended twenty – second of this month. the report said the number of shares traded for the week 3 billion shares compared with two billion shares last week, while the value of shares traded amounted to two billion dinars , compared to one billion dinars last week achieved through executing trades numbered for the 1810 week deals compared to 1336 deal last week.

It is said that the number of shares listed on the Iraq stock Exchange of 8 trillion and 973 billion shares, and the number of listed companies in the market 96 joint – stock company, of which 70 companies listed in the regular market and 26 companies listed in the second market.

according to the report the number of stalled companies has become the trading of non – commitment to provide annual disclosure and quarterly Authority and the market for 26 companies, and the number of remittance companies suspended from trading after the approval of the change of activity and until the issuance of license to practice from the central bank and complete the filing procedures and the inclusion of 3 corporate issuance.

and investors trading (foreign) the number of shares bought from investors totaled Giralaracaan for this week ‘s 125 million shares, valued at 432 billion dinars during the implementation of the 52 transactions on the shares of eight companies.

While the number of shares sold reached by non – Iraqi investors to this week ‘s 281 million shares valued at 183 million dinars through the implementation of 130 transactions on the shares of seven companies.

On the other hand the Board of Governors approved the Iraq Stock Exchange trading instructions via the Internet for investors , which measures include brokerage firms to take in order to obtain a license to provide this service, including participation in the online trading system, and until Thursday , five brokerage firms submitted a request to participate in this system.

Besides disclose the risks associated with investing and models to deal with investors ‘ action «know Your Customer» as board of Governors approved the commissions Satkadaha mediator. addresses the FAQ also requirements implemented by investors to agree to their online trading.

and the Iraq Stock Exchange several months ago to organize lectures and workshops for brokerage firms and investors for the purpose of definition of these services.

the Iraq Stock Exchange consists of 98 listed company with a total capitalization of more than 8 trillion shares representing banking , including sector 5 trillion shares and thus the most sector be traded and 65 percent of the total shares traded per day.

The governing Iraq stock Exchange five trading sessions a week from Sunday to Thursday.

Read More: http://www.dinarupdates.com/showthread.php?41510-Rise-in-the-market-value-of-companies-in-the-stock-market-9-24

______________________________________________________________

BGG (Dinar Guru) –   it appears attacking the corrupt was one of the VITAL items on a short list that the IMF has been insisting on…It appears to me…the GOI is responding to the IMF, WB and UN – though they aren’t entirely happy about it…however, if they want “international acceptance”, they have little choice. They must respond…Iraq has been under some version of an “IMPOSED RATE” since when?  [2003.]   it’s not even an accurate value – “Grossly undervalued” is the term used by learned economists…SO – it stands to reason they are going to have to appease those who “IMPOSED” this rate to start with… and THAT, my friends, is what we are seeing play out before our very eyes…those same actors that “imposed” can “unimpose” – it appears they have made this point very clear.  Iraq is about IRAQ.  Nothing else – AND it is the hottest topic in world finance right now. Period.  With VERY GOOD REASON.  Abadi’s PM “brand” is HUGE right now…he’s moving Iraq forward mightily…they are moving with great speed.  I think the future looks very bright for Iraq.

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

A new action plan to ease the pressure on the budget

BAGHDAD / Hussein Tgb included another amendment to the Investment Law No. 13 of 2010, the developer concept, which came a new action plan to ease the financial pressure on the state budget, so the distribution of investment tasks.

Developer means »that is, or the company is implementing infrastructure fully for all specialized facilities of the city industrial, commercial or scientific or residential, and after the developer distributes investment opportunities on new investors have assumed the responsibilities of the implementation of various joints work» President of the National Business Council of Iraq David Abdul Zayer said that another amendment was issued on the investment law to ensure the development of the developer axis that runs the first developer Bmvsalin and Almsttmr.oadav in an interview with «morning» that the first developer, which handles the creation of industrial infrastructure of cities or tourist, as well as residential to other major projects, which allows him law to receive the land and the provision of infrastructure full cycles of various roads and bridges and basic services.

Land division and said that the land, which provide them with infrastructure is divided and given to other investors through the first developer, eg if we want to build us a residential city to provide roads, sewer, telecommunications and water within the confines of this space is then divided space into residential land and other recreational spaces for services education and construction of places of worship and the requirements so cities.

And issued Investment Law No. 13 of 2006 in order to boost economic and social development process, development and bring technical and operational expertise and human resources development and creating job opportunities for Iraqis to encourage investment and support the establishment of investment in Iraq and expansion projects and development of various economic levels, the process and the granting of privileges and exemptions for these projects, so this law was enacted He pointed out that the investment law, as amended protects the developer as well as investor and this is important Mnaf work investment and new element to attract contained Alastosmar.ofatt law that the new amendment granting the developer the right to grant the land to the investor under the investment license and the approval of the first developer and collection services and a portion of the amount of infrastructure that group spent to serve the new investor, pointing out that in this case has investment indivisible and we can build a modern new cities a way that minimizes the costs of the investment business, where investment in major projects require large sums of money may not be strengthened by a single investor.

He said that this method enables the investor to work in a part of the project and the completion of the work assigned to him specifications defined and within the executive potentials and during the time period, indicating that these amendments get in cooperation with the local sector, which has a lot of proposals capable of advancement of the national economy because he lives to the field of work and on familiar with the most important implementation of projects and determinants that prevent this requirement.

Read More: http://www.dinarupdates.com/showthread.php?41323-A-new-action-plan-to-ease-the-pressure-on-the-budget-9-21

______________________________________________________________

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!!)
______________________________________________________________

For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

Iraq:

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

06192016loi
______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1328.332	1327.667
British pound	GBP	1542.865	1542.093
Canadian dollar	CAD	906.511	906.058
Swiss franc	CHF	1221.327	1220.716
Swedish krona	SEK	137.392	137.324
Norwegian krone	NOK	145.854	145.781
Danish krone	DKK	178.197	178.108
Japanese yen	JPY	—–	—–
Special Drawing Rights	SDR	1655.131	1654.303

http://www.cbi.iq/

Indicative rates – 09.25.2016

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 (most recent listing) 09-22-16

Currency Auctions Announcement No. 3282

This daily currency auction was held in the Central Bank of Iraq on the 09-22-2016

The results were as follows:

DETAILS	NOTES
Number of banks	31
Number of remittance companies	15
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	131,135,098
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	131,135,098
Total offers for selling (US$)	—–

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

Real change doesn’t begin with a desire for improvement, real change begins with a commitment to improve. – Will Spencer

*** Current News ***

Rcookie: ” WOW WOW WOW WOW!!” ” Just saw the Parliament agenda for tomorrow (today – Thurs). 1st item on agenda… INSERT DRUM ROLL.!!!! 1st reading Financial Management Law.

BOULYAAAAAAAAY!!!!!!!!!!!!!!!

Right from the IMF letter of intent/ MEFP/TMU (see below)…

Iraq:

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

06192016loi

Parliament to raise its to Saturday after the vote on the law and read the other three

[Baghdad] – Lifting of the House of Representatives, on Thursday, its regular, to next Saturday.

According to a statement to the media department of the Parliament, that “the House of Representatives voted in its eighteenth headed by Salim al-President of the Council and the regular presence of 196 deputies Thursday on a single law with finished reading three bills.”

At the outset of the session the House of Representatives voted on a project to preserve the documents submitted by the legal, culture and media committees, which Ahdq to achieve the requirements of justice transitional and developing the means to maintain Iraq’s historical memory expressing the values ​​and national heritage and in response to changes in the area of ​​documentation, archiving and to find a mechanism for the different types of law documents and take advantage of them.

It ended the first reading of the draft Financial Administration Act and submitted by the Finance Committee, which came to regulate the rules and procedures that financial and accounting management control in the field of planning and preparation, implementation, control and audit of the general budget of the Federal and directing all federal revenues to the public treasury to cover public spending and to identify units of internal control link from both administrative The technical development of mechanisms for the implementation of budgets…

Read More: http://www.dinarupdates.com/showthread.php?41391-Parliament-to-raise-its-to-Saturday-after-the-vote-on-the-law-and-read-the-other-thre

BGG ~ According to this – they will meet and vote again on Saturday.

IMF Statement on Iraq

September 21, 2016

Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), issued the following statement today:

“IMF Managing Director Christine Lagarde met on September 21 with Iraq’s Prime Minister Haidar Al-Abadi in New York on the sidelines of the United Nations General Assembly meetings. During the meeting, they discussed Iraq’s IMF-supported economic reform program that was approved by the Executive Board on July 7, 2016.

“The Managing Director welcomed the Iraqi authorities’ economic program, which is being supported by a $5.34 billion Stand-By Arrangement (SBA) from the Fund approved in July 2016. The Managing Director and the Prime Minister exchanged views on how the SBA can help Iraq address the shocks posed by violent attacks and the drop in global oil prices. The Managing Director reiterated the importance of strong commitment to sound policies and decisive action on key reforms that are crucial to yield the largest gains for Iraq’s population.”

IMF Communications Department

http://www.imf.org/en/News/Articles/2016/09/21/pr16419-IMF-Statement-on-Iraq?hootPostID=afc2530d7cd8829997396c3b43282254

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Parliament dismisses Hoshyar Zebari

Parliament dismisses Hoshyar Zebari

House of Representatives voted to dismiss Finance Minister Hoshyar Zebari on the background of corruption charges

The reporter said Baghdadi News that 156 deputies voted in favor of the dismissal Zebari, out of 249 deputies followed ..

Read More: http://www.dinarupdates.com/showthread.php?41314-Parliament-dismisses-Hoshyar-Zebari

BGG ~ So – obviously, the first question I get is “will this slow things down?”…

No – exactly the opposite – they are doing exactly what the IMF has advised them they must do…

“…the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy, and performance standards, and financial management reform…”

And then… [Now (that) he is fired they can press charges against him correct??]

Not sure how that will go – but they are responding to their IMF supervision.

“…International Monetary Fund request from Iraq as part of recent discussions additional expenditure cuts and the fight against corruption and activating the economic sectors…”

______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Iraqi judiciary: general amnesty law implemented from the date of approval”    Quote:  “A spokesman for the federal judiciary Judge Abdul Sattar Bayrakdar said the amnesty law provided for the implementation of pre-publication in the Official Gazette.”

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

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from Wed – “After Call – LIVE”
w/RCookie, Mr White & Hutch

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______________________________________________________________

Jubouri: The differences between the political blocs on the amendments to the Accountability and Justice Law is not substantial and will be adopted next week

MP for the Iraqi coalition forces Muzahim Salah al – Jubouri, Tuesday, that all political parties agree on the approval of amendments to the accountability and justice law, and that the differences between the political blocs on the amendments to this law is not significant.

Jubouri said, in a press statement, said the differences between the political blocs on the amendments to the accountability and justice law ‘not substantial’, pointing out that these amendments will be approved next week.

He said al – Jubouri, said the accountability and justice of the laws that have been agreed on approval in the paper the political agreement the law, and it was hoped approval with the ban on Baath Party Law, but it was delayed, adding that all political parties agree on the approval of amendments to the Act.

He said al – Jubouri, the total adjustments include rights relating to pensions covered by the accountability and justice law, stressing that there are some political differences on some of the paragraphs of the law, but will hopefully be agreed upon during the next few days, so as to ensure the rights covered by the amendments and satisfy everyone.

Article Link

______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Abadi will meet on the sidelines of the General Assembly meetings of Obama and a number of prominent leaders and the heads of the world”   Quote:  “…the prime minister left for New York City to attend the annual meetings of the General Assembly of the United Nations, pointing out that Iraq Abadi, will deliver a speech during the meetings of the General Assembly…”

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

A new action plan to ease the pressure on the budget

BAGHDAD / Hussein Tgb included another amendment to the Investment Law No. 13 of 2010, the developer concept, which came a new action plan to ease the financial pressure on the state budget, so the distribution of investment tasks.

Developer means »that is, or the company is implementing infrastructure fully for all specialized facilities of the city industrial, commercial or scientific or residential, and after the developer distributes investment opportunities on new investors have assumed the responsibilities of the implementation of various joints work» President of the National Business Council of Iraq David Abdul Zayer said that another amendment was issued on the investment law to ensure the development of the developer axis that runs the first developer Bmvsalin and Almsttmr.oadav in an interview with «morning» that the first developer, which handles the creation of industrial infrastructure of cities or tourist, as well as residential to other major projects, which allows him law to receive the land and the provision of infrastructure full cycles of various roads and bridges and basic services.

Land division and said that the land, which provide them with infrastructure is divided and given to other investors through the first developer, eg if we want to build us a residential city to provide roads, sewer, telecommunications and water within the confines of this space is then divided space into residential land and other recreational spaces for services education and construction of places of worship and the requirements so cities.

And issued Investment Law No. 13 of 2006 in order to boost economic and social development process, development and bring technical and operational expertise and human resources development and creating job opportunities for Iraqis to encourage investment and support the establishment of investment in Iraq and expansion projects and development of various economic levels, the process and the granting of privileges and exemptions for these projects, so this law was enacted He pointed out that the investment law, as amended protects the developer as well as investor and this is important Mnaf work investment and new element to attract contained Alastosmar.ofatt law that the new amendment granting the developer the right to grant the land to the investor under the investment license and the approval of the first developer and collection services and a portion of the amount of infrastructure that group spent to serve the new investor, pointing out that in this case has investment indivisible and we can build a modern new cities a way that minimizes the costs of the investment business, where investment in major projects require large sums of money may not be strengthened by a single investor.

He said that this method enables the investor to work in a part of the project and the completion of the work assigned to him specifications defined and within the executive potentials and during the time period, indicating that these amendments get in cooperation with the local sector, which has a lot of proposals capable of advancement of the national economy because he lives to the field of work and on familiar with the most important implementation of projects and determinants that prevent this requirement.

Read More: http://www.dinarupdates.com/showthread.php?41323-A-new-action-plan-to-ease-the-pressure-on-the-budget-9-21

______________________________________________________________

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!!)
______________________________________________________________

For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

Saleh: Iraq has implemented all the conditions of the International Monetary Fund!

BAGHDAD / News Network Iraq – Declared Prime Minister adviser on fiscal policies, the appearance of Mohammed Saleh on Thursday, for an end to Iraq ‘s own commitments first phase of the Stand -By agreement with the International Monetary Fund of several stages include 13 commitment by which it agreed to grant Iraq a financial loan $ 5.3 billion.

concluded Iraq and the international Monetary Fund in May / May last deal after meeting for several days held in the Jordanian capital Amman to grant Iraq a financial loan of 5.3 billion dollars with an interest rate of up to 1.5%, acknowledges Iraq share an initial value of $ 634 million in July / last June, said adviser to the Iraqi prime minister for financial policy,

the appearance of Mohammed Saleh, in a press statement today: ” the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy, and performance standards, and financial management reform, reform.

some laws, procedures for restructuring the general budget, and maintain the central bank ‘s reserves, all of Iraq ‘s commitment to them. ”

Saleh added that” the willingness of credit with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion agreement, includes 13 consultation or obligation , Iraq and the international Monetary Fund , they finished the first review, there will be future revisions in early October in Washington.”

Iraq ‘s chief financial officer , and continued that” after each audit is released part of a financial loan to Iraq in accordance with the agreement, and we expect that Iraq has received the second installment of the financial loan next month (without revealing its value). ”

for his part, expressed the international Monetary Fund, on Wednesday, thanked the Iraqi authorities to” good cooperation with him and discussions frank and fruitful during the first review of the agreement to prepare the credit, which has in the Jordanian capital Amman recent meetings. ”

The Iraqi government acknowledged the end of last month, the country ‘s budget for next year by 102 trillion dinars (about US $ 85 billion), to begin a new phase of internal and external negotiations may be more complicated on how to secure the fiscal deficit which stood at 30% of the total budget.

Read More: http://www.dinarupdates.com/showthread.php?40993-Saleh-Iraq-has-implemented-all-the-conditions-of-the-International-Monetary-Fund%21&p=161634#post161634

BGG:

My commentary from News Time Saturday afternoon was mainly based on the above article and Saleh’s comments coming out of the IMF meetings in Amman, Jordan.

So let’s give some frame of reference in “layman’s terms”…

We’ve talked over and over and OVER about this IMF “world” assistance package…

To start things off – they will get 5.3 Billion USD over the next 5 years.

Their budget for 2017 is roughly 85 Billion (expressed in USD – which isn’t really significant – just saying it in USD terms)…

I don’t recall what their budget was for 2016 – probably similar…

Once we’re done with this – I’ll ask a few important questions…

They will have gotten something around 1 Billion USD in IMF aid this year – once the balance of the two payments are made – next month??

Everyone follow so far??

So their total budget is around 85 Billion US and they are getting this “life-saving aid” amounting to a little over 1 Billion US…

That works out to a little over 1% of their budget… seriously?!?

This would be like you making 50,000 per year… you find yourself in a “financial crisis” – your banker comes to you and says “I’ll give you $250.00 in July and another $250 in October”… how far do you think that would go towards solving your crisis??

Seriously??

scottiegirl:
Like trying to save the Titanic with a tea cup

BGG:
THAT’S WHAT THE ACTUAL DOLLARS HERE MEAN… NOT MUCH!!!!!

So what in the world are they talking about when they say with this IMF and “world” support they have “over-come” their financial crisis?????

They are either on CRACK or they are talking about something other than the MONEY!!!

Obviously – they are talking about something other than this little amount of financing… Saleh is essentially saying “we’ve done everything the IMF has asked”… this is critical for what’s next – CRITICAL…

Forget the loan – it (in and of itself) is almost useless…

scottiegirl:
Hopefully moving to the international stage….with an acceptable currency….maybe?

BGG:
What are the 2 things they really, really, really need??

BGG says to scottiegirl:
NOW YOU’RE GETTING THERE!!

slh5282:
acceptance to the WTO and money with value

BGG says to slh5282:
VERY CLOSE.

Two things they really need…

1) IMF oversight and a demonstrated ability to do as they are told…

(that’s a biggie)

2) International acceptance… re-integration with the world economies.

#2 won’t fully happen without #1…

AND

International acceptance in every way. This includes an internationally priced and accepted currency…

Obviously – Saleh is prone to bluster… he’s a big talker.

but – they won’t get #2 – without #1…

It’s not about the meetings – it’s about what they are actually DOING.

Let’s go backwards a little – then cover this again…

Why do they need international acceptance??

Their whole budget relies entirely on oil – everything you see in their budget is their whole oil production… their everything rises and falls on oil production and oil prices.

The IMF doesn’t want that… neither should Iraq.

Their oil income should be the ENGINE that drives their economy – NOT THE WHOLE THING…

So how do they get things turned around?

By doing EXACTLY what they are doing.

Getting along with the IMF… this loan is just a vehicle to get the IMF and “world support” on board…

According to economists – once they are internationally integrated – their currency priced right, investment laws are properly amended and internationally accepted – THEY WILL GET HIT WITH A WALL OF INVESTMENT MONEY… (their actual words).

When this happens – they will be a lot less dependent on oil income… far more diversified.

TONYV:
BGG: IMO, I see the carrot and stick approach from the IMF. Make no mistake, the IMF is in charge. What say you?

BGG:
I agree…

thedinarian:
and that will give them they stability they need and what we investore want to see.

BGG:
and they seem to be responding.

I really think all of this is part of “the financial reform”… no doubt.

tman23:
…. IMO the interest for us now is only the intro of new currency and how they will treat the existing 3 zero notes……

BGG says to tman23:
no need to be concerned about how they treat the 3 zero notes… they are worth a Dinar and will still be worth a Dinar once they make the change…

I don’t see how they can wait that long – unlike in previous regimes – there is no stall here… it’s all GO, GO, GO!!

Read More: http://www.dinarupdates.com/showthread.php?41073-NEWSTIME-WITH-BGG-Saturday-afternoon-September-17-2016
______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1317.930	1317.271
British pound	GBP	1536.364	1535.595
Canadian dollar	CAD	896.405	895.957
Swiss franc	CHF	1210.445	1209.840
Swedish krona	SEK	137.392	137.324
Norwegian krone	NOK	142.761	142.689
Danish krone	DKK	176.795	176.707
Japanese yen	JPY	11.613	11.607
Special Drawing Rights	SDR	1648.925	1648.101

Indicative rates – 09.22.2016

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 (most recent listing) 09-21-16

Currency Auctions Announcement No. 3281

This daily currency auction was held in the Central Bank of Iraq on the 09-21-2016

The results were as follows:

DETAILS	NOTES
Number of banks	31
Number of remittance companies	15
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	144,861,109
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	144,861,109
Total offers for selling (US$)	—–

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

Every time you say “Somebody should …”, try replacing the “Somebody” with “I” and see how it changes your outlook. – Will Spencer

*** Current News ***

IMF Statement on Iraq

September 21, 2016

Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), issued the following statement today:

“IMF Managing Director Christine Lagarde met on September 21 with Iraq’s Prime Minister Haidar Al-Abadi in New York on the sidelines of the United Nations General Assembly meetings. During the meeting, they discussed Iraq’s IMF-supported economic reform program that was approved by the Executive Board on July 7, 2016.

“The Managing Director welcomed the Iraqi authorities’ economic program, which is being supported by a $5.34 billion Stand-By Arrangement (SBA) from the Fund approved in July 2016. The Managing Director and the Prime Minister exchanged views on how the SBA can help Iraq address the shocks posed by violent attacks and the drop in global oil prices. The Managing Director reiterated the importance of strong commitment to sound policies and decisive action on key reforms that are crucial to yield the largest gains for Iraq’s population.”

IMF Communications Department

http://www.imf.org/en/News/Articles/2016/09/21/pr16419-IMF-Statement-on-Iraq?hootPostID=afc2530d7cd8829997396c3b43282254

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG and Co. in the DU CHAT ROOM – Wednesday 7:30pm EST

www.DinarUpdates.com – save as favorite

Parliament dismisses Hoshyar Zebari

Parliament dismisses Hoshyar Zebari

House of Representatives voted to dismiss Finance Minister Hoshyar Zebari on the background of corruption charges

The reporter said Baghdadi News that 156 deputies voted in favor of the dismissal Zebari, out of 249 deputies followed ..

Read More: http://www.dinarupdates.com/showthread.php?41314-Parliament-dismisses-Hoshyar-Zebari

BGG ~ So – obviously, the first question I get is “will this slow things down?”…

No – exactly the opposite – they are doing exactly what the IMF has advised them they must do…

“…the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy, and performance standards, and financial management reform…”

And then… [Now (that) he is fired they can press charges against him correct??]

Not sure how that will go – but they are responding to their IMF supervision.

“…International Monetary Fund request from Iraq as part of recent discussions additional expenditure cuts and the fight against corruption and activating the economic sectors…”

______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Iraqi judiciary: general amnesty law implemented from the date of approval”    Quote:  “A spokesman for the federal judiciary Judge Abdul Sattar Bayrakdar said the amnesty law provided for the implementation of pre-publication in the Official Gazette.”

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

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Q & A Call!!”
Wed 9/21 – “After Call – LIVE”
w/RCookie, Mr White & Hutch

Smart phone user link – Click here

______________________________________________________________

Jubouri: The differences between the political blocs on the amendments to the Accountability and Justice Law is not substantial and will be adopted next week

MP for the Iraqi coalition forces Muzahim Salah al – Jubouri, Tuesday, that all political parties agree on the approval of amendments to the accountability and justice law, and that the differences between the political blocs on the amendments to this law is not significant.

Jubouri said, in a press statement, said the differences between the political blocs on the amendments to the accountability and justice law ‘not substantial’, pointing out that these amendments will be approved next week.

He said al – Jubouri, said the accountability and justice of the laws that have been agreed on approval in the paper the political agreement the law, and it was hoped approval with the ban on Baath Party Law, but it was delayed, adding that all political parties agree on the approval of amendments to the Act.

He said al – Jubouri, the total adjustments include rights relating to pensions covered by the accountability and justice law, stressing that there are some political differences on some of the paragraphs of the law, but will hopefully be agreed upon during the next few days, so as to ensure the rights covered by the amendments and satisfy everyone.

Article Link

______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Abadi will meet on the sidelines of the General Assembly meetings of Obama and a number of prominent leaders and the heads of the world”   Quote:  “…the prime minister left for New York City to attend the annual meetings of the General Assembly of the United Nations, pointing out that Iraq Abadi, will deliver a speech during the meetings of the General Assembly…”

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

A new action plan to ease the pressure on the budget

BAGHDAD / Hussein Tgb included another amendment to the Investment Law No. 13 of 2010, the developer concept, which came a new action plan to ease the financial pressure on the state budget, so the distribution of investment tasks.

Developer means »that is, or the company is implementing infrastructure fully for all specialized facilities of the city industrial, commercial or scientific or residential, and after the developer distributes investment opportunities on new investors have assumed the responsibilities of the implementation of various joints work» President of the National Business Council of Iraq David Abdul Zayer said that another amendment was issued on the investment law to ensure the development of the developer axis that runs the first developer Bmvsalin and Almsttmr.oadav in an interview with «morning» that the first developer, which handles the creation of industrial infrastructure of cities or tourist, as well as residential to other major projects, which allows him law to receive the land and the provision of infrastructure full cycles of various roads and bridges and basic services.

Land division and said that the land, which provide them with infrastructure is divided and given to other investors through the first developer, eg if we want to build us a residential city to provide roads, sewer, telecommunications and water within the confines of this space is then divided space into residential land and other recreational spaces for services education and construction of places of worship and the requirements so cities.

And issued Investment Law No. 13 of 2006 in order to boost economic and social development process, development and bring technical and operational expertise and human resources development and creating job opportunities for Iraqis to encourage investment and support the establishment of investment in Iraq and expansion projects and development of various economic levels, the process and the granting of privileges and exemptions for these projects, so this law was enacted He pointed out that the investment law, as amended protects the developer as well as investor and this is important Mnaf work investment and new element to attract contained Alastosmar.ofatt law that the new amendment granting the developer the right to grant the land to the investor under the investment license and the approval of the first developer and collection services and a portion of the amount of infrastructure that group spent to serve the new investor, pointing out that in this case has investment indivisible and we can build a modern new cities a way that minimizes the costs of the investment business, where investment in major projects require large sums of money may not be strengthened by a single investor.

He said that this method enables the investor to work in a part of the project and the completion of the work assigned to him specifications defined and within the executive potentials and during the time period, indicating that these amendments get in cooperation with the local sector, which has a lot of proposals capable of advancement of the national economy because he lives to the field of work and on familiar with the most important implementation of projects and determinants that prevent this requirement.

Read More: http://www.dinarupdates.com/showthread.php?41323-A-new-action-plan-to-ease-the-pressure-on-the-budget-9-21

______________________________________________________________

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______________________________________________________________

Iraq:

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

06192016loi

______________________________________________________________

For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

Saleh: Iraq has implemented all the conditions of the International Monetary Fund!

BAGHDAD / News Network Iraq – Declared Prime Minister adviser on fiscal policies, the appearance of Mohammed Saleh on Thursday, for an end to Iraq ‘s own commitments first phase of the Stand -By agreement with the International Monetary Fund of several stages include 13 commitment by which it agreed to grant Iraq a financial loan $ 5.3 billion.

concluded Iraq and the international Monetary Fund in May / May last deal after meeting for several days held in the Jordanian capital Amman to grant Iraq a financial loan of 5.3 billion dollars with an interest rate of up to 1.5%, acknowledges Iraq share an initial value of $ 634 million in July / last June, said adviser to the Iraqi prime minister for financial policy,

the appearance of Mohammed Saleh, in a press statement today: ” the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy, and performance standards, and financial management reform, reform.

some laws, procedures for restructuring the general budget, and maintain the central bank ‘s reserves, all of Iraq ‘s commitment to them. ”

Saleh added that” the willingness of credit with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion agreement, includes 13 consultation or obligation , Iraq and the international Monetary Fund , they finished the first review, there will be future revisions in early October in Washington.”

Iraq ‘s chief financial officer , and continued that” after each audit is released part of a financial loan to Iraq in accordance with the agreement, and we expect that Iraq has received the second installment of the financial loan next month (without revealing its value). ”

for his part, expressed the international Monetary Fund, on Wednesday, thanked the Iraqi authorities to” good cooperation with him and discussions frank and fruitful during the first review of the agreement to prepare the credit, which has in the Jordanian capital Amman recent meetings. ”

The Iraqi government acknowledged the end of last month, the country ‘s budget for next year by 102 trillion dinars (about US $ 85 billion), to begin a new phase of internal and external negotiations may be more complicated on how to secure the fiscal deficit which stood at 30% of the total budget.

Read More: http://www.dinarupdates.com/showthread.php?40993-Saleh-Iraq-has-implemented-all-the-conditions-of-the-International-Monetary-Fund%21&p=161634#post161634

BGG:

My commentary from News Time Saturday afternoon was mainly based on the above article and Saleh’s comments coming out of the IMF meetings in Amman, Jordan.

So let’s give some frame of reference in “layman’s terms”…

We’ve talked over and over and OVER about this IMF “world” assistance package…

To start things off – they will get 5.3 Billion USD over the next 5 years.

Their budget for 2017 is roughly 85 Billion (expressed in USD – which isn’t really significant – just saying it in USD terms)…

I don’t recall what their budget was for 2016 – probably similar…

Once we’re done with this – I’ll ask a few important questions…

They will have gotten something around 1 Billion USD in IMF aid this year – once the balance of the two payments are made – next month??

Everyone follow so far??

So their total budget is around 85 Billion US and they are getting this “life-saving aid” amounting to a little over 1 Billion US…

That works out to a little over 1% of their budget… seriously?!?

This would be like you making 50,000 per year… you find yourself in a “financial crisis” – your banker comes to you and says “I’ll give you $250.00 in July and another $250 in October”… how far do you think that would go towards solving your crisis??

Seriously??

scottiegirl:
Like trying to save the Titanic with a tea cup

BGG:
THAT’S WHAT THE ACTUAL DOLLARS HERE MEAN… NOT MUCH!!!!!

So what in the world are they talking about when they say with this IMF and “world” support they have “over-come” their financial crisis?????

They are either on CRACK or they are talking about something other than the MONEY!!!

Obviously – they are talking about something other than this little amount of financing… Saleh is essentially saying “we’ve done everything the IMF has asked”… this is critical for what’s next – CRITICAL…

Forget the loan – it (in and of itself) is almost useless…

scottiegirl:
Hopefully moving to the international stage….with an acceptable currency….maybe?

BGG:
What are the 2 things they really, really, really need??

BGG says to scottiegirl:
NOW YOU’RE GETTING THERE!!

slh5282:
acceptance to the WTO and money with value

BGG says to slh5282:
VERY CLOSE.

Two things they really need…

1) IMF oversight and a demonstrated ability to do as they are told…

(that’s a biggie)

2) International acceptance… re-integration with the world economies.

#2 won’t fully happen without #1…

AND

International acceptance in every way. This includes an internationally priced and accepted currency…

Obviously – Saleh is prone to bluster… he’s a big talker.

but – they won’t get #2 – without #1…

It’s not about the meetings – it’s about what they are actually DOING.

Let’s go backwards a little – then cover this again…

Why do they need international acceptance??

Their whole budget relies entirely on oil – everything you see in their budget is their whole oil production… their everything rises and falls on oil production and oil prices.

The IMF doesn’t want that… neither should Iraq.

Their oil income should be the ENGINE that drives their economy – NOT THE WHOLE THING…

So how do they get things turned around?

By doing EXACTLY what they are doing.

Getting along with the IMF… this loan is just a vehicle to get the IMF and “world support” on board…

According to economists – once they are internationally integrated – their currency priced right, investment laws are properly amended and internationally accepted – THEY WILL GET HIT WITH A WALL OF INVESTMENT MONEY… (their actual words).

When this happens – they will be a lot less dependent on oil income… far more diversified.

TONYV:
BGG: IMO, I see the carrot and stick approach from the IMF. Make no mistake, the IMF is in charge. What say you?

BGG:
I agree…

thedinarian:
and that will give them they stability they need and what we investore want to see.

BGG:
and they seem to be responding.

I really think all of this is part of “the financial reform”… no doubt.

tman23:
…. IMO the interest for us now is only the intro of new currency and how they will treat the existing 3 zero notes……

BGG says to tman23:
no need to be concerned about how they treat the 3 zero notes… they are worth a Dinar and will still be worth a Dinar once they make the change…

I don’t see how they can wait that long – unlike in previous regimes – there is no stall here… it’s all GO, GO, GO!!

Read More: http://www.dinarupdates.com/showthread.php?41073-NEWSTIME-WITH-BGG-Saturday-afternoon-September-17-2016
______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1321.949	1321.288
British pound	GBP	1532.936	1532.169
Canadian dollar	CAD	893.559	893.112
Swiss franc	CHF	1208.713	1208.108
Swedish krona	SEK	138.325	138.256
Norwegian krone	NOK	142.685	142.613
Danish krone	DKK	177.395	177.306
Japanese yen	JPY	11.597	11.592
Special Drawing Rights	SDR	1649.599	1648.774

http://www.cbi.iq/

Indicative rates – 09.21.2016

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 (most recent listing) 09-19-16

Currency Auctions Announcement No. 3279

This daily currency auction was held in the Central Bank of Iraq on the 09-19-2016

The results were as follows:

DETAILS	NOTES
Number of banks	32
Number of remittance companies	15
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	134,033,525
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	134,033,525
Total offers for selling (US$)	—–

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

One of the symptoms of an approaching nervous breakdown is the belief that one’s work is terribly important. – Bertrand Russell

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG and Co. in the DU CHAT ROOM – Monday 7:30pm EST

www.DinarUpdates.com – save as favorite

BGG ~ Hey gang – I had intended to do a News Time tonite…

I’m not feeling well. I’m going to lay down and take it easy tonite.

Parliamentary showing financial support for the IMF conditions

Economy News / Baghdad Finance Committee in the House of Representatives expressed, on Saturday, its support to the conditions imposed by the IMF on Iraq in return for lending, and demanded that the Prime Minister Haider al-Abadi as “bold positions to resolve the corrupt file”, as economists asserted that Iraq faces ” a real dilemma, “because of the” lack of maturity “economic might obliged to accept the conditions of the IMF, warned against the imposition of the final conditions” most unfair “in the absence of Iraq’s commitment.

She said the Parliamentary Finance Committee member Majida al-Tamimi, in an interview I followed the “Economy News”, “International Monetary Fund request from Iraq as part of recent discussions additional cuts expenditures and the fight against corruption and activating the economic sectors”, expressing its support for “the International Fund demands.”

Tamimi stressed the need to “include cuts unnecessary spending of the state, and that does not affect employees and retirees, or the life of the salaries of citizens”, calling for “the resolution of thousands of files of corruption in the Integrity and Accountability spoilers.”

She Tamimi surprise of “spending three million and 799 thousand dollars to hire a private aircraft, during the last quarter of the year 2014 and over the past year in 2015, as well as the expenditure of funds and other money on Aivadat officials, in spite of the serious consequences of falling oil prices and the war against al (Daesh) “, Prime Minister Haider al-Abadi required to” be more aggressive in resolving the corrupt files, especially since he knows very well the defect points and the size of the waste of public money, since he held the presidency of the Finance Committee in the House of Representatives economic and kissed her. ”

For his part, economist Anton spokesman, said that “a number of recommendations and conditions placed when he agreed to lend Iraq, including a review of public budgets of the state and the actions taken to rationalize spending and anti-corruption International Monetary Fund.”

Anton said that “the International Monetary Fund found that some of the recommendations have not been applied properly, what could herald its objection and perhaps his lack of loan,” stressing that “Iraq is still in front of a big problem not addressed so far, is mono-economy and the continued decline in global oil prices, which may be obliged to accept the terms of the international Monetary Fund despite the prejudice of some of those conditions. ”

He Anton that “Iraq faces a real dilemma has compelled him to make other concessions paid for the Iraqi people, which forms the basis of the victim’s austerity and loans,” attributing the reason to “financial mismanagement of the government and the dominance of the ruling parties on the financial file, in addition to rampant corruption and lack of activating the private sector.” .

It is noteworthy that the Jordanian capital Amman witnessed, on Saturday (September 10 2016), the conclusion of the first review of the Convention on standby credit with the representatives of Iraq and the mission of the International Monetary Fund to supplement the IMF loan negotiations during the current year 2016 has been delivered to Iraq before mid-July 2016, about 634 million, the first installment of the IMF loan account immediately after the IMF Executive Board approval, in (the seventh of this month), on the standby credit agreement with Iraq, noting that the loan term is five years, annual interest rate low of one and a half percent (1.5% ), and that the number of payments is 13 batch stretches over 36 months.

The United States confirmed, in (the twentieth of April 2016), that the economic reforms the Iraqi government began to show the effects of an increase of non-oil imports, indicating that the Iraqi government’s success in reducing the budget deficit means obtaining a loan from the International Monetary Fund worth billions of dollars. AJ

Read More: http://www.dinarupdates.com/showthread.php?41114-Parliamentary-showing-financial-support-for-the-IMF-conditions

______________________________________________________________

BGG (Dinar Guru) –    […IMO the interest for us now is only the intro of new currency and how they will treat the existing 3 zero notes…]   no need to be concerned about how they treat the 3 zero notes… they are worth a Dinar and will still be worth a Dinar once they make the change...

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

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Q & A Call!!”
Wed 9/21 – “After Call – LIVE”
w/RCookie, Mr White & Hutch

from 9/15 – Smart phone user link – Click here

______________________________________________________________

Proposal to approve the foreign remittances Law

BAGHDAD Mustafa al – Hashimi – Called for a banking expert Dr. Essam Mohamed for legislation or the adoption of a law on foreign remittances to reduce hard currency out of Iraq without achieving real returns contribute to the achievement of development of the national economy.

He said Muhammad’s “morning” that the existence of such a law after studying extensive study will contribute to put the right foundation for trust business real banking, noting that the sale of the dollar at the central bank window allowed for a number of banks that profited them due to remittances and credits, what caused the reluctance of the social role and economic actor in the development process.

He stressed that the legislation conversion law the outside will contribute significantly to reducing tampering without the knowledge economy as it will reflect positively on the citizen by enhancing the likelihood of obtaining loans for the establishment of industrial shops in productive projects, among others.

He stressed the importance of hiring the proceeds of the oil dollar through development programs and other lending adopted by private and government banks under the supervision of the central bank if launches loans or advance for widows and young people and the rest of the categories that can be productive to strengthen the family economy.

Read More: http://www.dinarupdates.com/showthread.php?41119-Proposal-to-approve-the-foreign-remittances-Law-9-15&p=161798#post161798

______________________________________________________________

BGG (Dinar Guru) –    Article quote:   “…the willingness of credit with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion agreement…”  …their whole budget relies entirely on oil – everything you see in their budget is their whole oil production… their everything rises and falls on oil production and oil prices.  …this loan is just a vehicle to get the IMF and “world support” on board…  two things they really need...1) IMF oversight and a demonstrated ability to do as they are told…   2) international acceptance… re-integration with the world economies.  #2 won’t fully happen without #1…AND international acceptance in every way. This includes an internationally priced and accepted currency…   [post 1 of 2….stay tuned]

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

BGG (Dinar Guru) –    According to economists – once they are internationally integrated – their currency priced right, investment laws are properly amended and internationally accepted – THEY WILL GET HIT WITH A WALL OF INVESTMENT MONEY… (their actual words).   When this happens – they will be a lot less dependent on oil income…far more diversified.  […the IMF is in charge. What say you?]   I agree… and they seem to be responding.   I really think all of this is part of “the financial reform”… no doubt.    …unlike in previous regimes – there is no stall here… it’s all GO, GO, GO!!   [post 2 of 2]

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

Encourage investment needs to be an attractive regulatory environment

BAGHDAD morning – tightened competent in economic affairs Inas al – Zubaidi on the need to promote the sectors of production at a time when the country is suffering financial hardship has affected the reality of work Mlhod.

She noted in an interview for the “morning” that encourage investment attraction requires that coincides with the structural changes in the regulatory environment and structures of institutions economic as well as aspects of fiscal spending, noting the importance of a review of all other laws and the application of international standards and the development of the stock market combination.

It showed that the banking system bear a wide responsibility for the success of economic reform programs, and will require significant efficacy of private banks and work to finance large development projects that there will be a prominent role for financial intermediaries in stimulating the market money.

It showed that the existing legislation in many sectors need to be reviewed to enhance the overall growth in the framework of the reform process and the wide covering various aspects of the work, to eliminate corruption and bureaucracy, control and other concomitant diseases for some departments and institutions. Zubaidi said that the current and the next stage requires activating the role of the private sector in sustainable development, and this raises the importance of the development of the local business environment so as to be polarized national and foreign investments.

Read More: http://www.dinarupdates.com/showthread.php?41123-Encourage-investment-needs-to-be-an-attractive-regulatory-environment-9-18&p=161802#post161802

______________________________________________________________

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

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

Iraq:

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

122215-loi
______________________________________________________________

For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

Saleh: Iraq has implemented all the conditions of the International Monetary Fund!

BAGHDAD / News Network Iraq – Declared Prime Minister adviser on fiscal policies, the appearance of Mohammed Saleh on Thursday, for an end to Iraq ‘s own commitments first phase of the Stand -By agreement with the International Monetary Fund of several stages include 13 commitment by which it agreed to grant Iraq a financial loan $ 5.3 billion.

concluded Iraq and the international Monetary Fund in May / May last deal after meeting for several days held in the Jordanian capital Amman to grant Iraq a financial loan of 5.3 billion dollars with an interest rate of up to 1.5%, acknowledges Iraq share an initial value of $ 634 million in July / last June, said adviser to the Iraqi prime minister for financial policy,

the appearance of Mohammed Saleh, in a press statement today: ” the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy, and performance standards, and financial management reform, reform.

some laws, procedures for restructuring the general budget, and maintain the central bank ‘s reserves, all of Iraq ‘s commitment to them. ”

Saleh added that” the willingness of credit with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion agreement, includes 13 consultation or obligation , Iraq and the international Monetary Fund , they finished the first review, there will be future revisions in early October in Washington.”

Iraq ‘s chief financial officer , and continued that” after each audit is released part of a financial loan to Iraq in accordance with the agreement, and we expect that Iraq has received the second installment of the financial loan next month (without revealing its value). ”

for his part, expressed the international Monetary Fund, on Wednesday, thanked the Iraqi authorities to” good cooperation with him and discussions frank and fruitful during the first review of the agreement to prepare the credit, which has in the Jordanian capital Amman recent meetings. ”

The Iraqi government acknowledged the end of last month, the country ‘s budget for next year by 102 trillion dinars (about US $ 85 billion), to begin a new phase of internal and external negotiations may be more complicated on how to secure the fiscal deficit which stood at 30% of the total budget.

Read More: http://www.dinarupdates.com/showthread.php?40993-Saleh-Iraq-has-implemented-all-the-conditions-of-the-International-Monetary-Fund%21&p=161634#post161634

BGG:

My commentary from News Time Saturday afternoon was mainly based on the above article and Saleh’s comments coming out of the IMF meetings in Amman, Jordan.

So let’s give some frame of reference in “layman’s terms”…

We’ve talked over and over and OVER about this IMF “world” assistance package…

To start things off – they will get 5.3 Billion USD over the next 5 years.

Their budget for 2017 is roughly 85 Billion (expressed in USD – which isn’t really significant – just saying it in USD terms)…

I don’t recall what their budget was for 2016 – probably similar…

Once we’re done with this – I’ll ask a few important questions…

They will have gotten something around 1 Billion USD in IMF aid this year – once the balance of the two payments are made – next month??

Everyone follow so far??

So their total budget is around 85 Billion US and they are getting this “life-saving aid” amounting to a little over 1 Billion US…

That works out to a little over 1% of their budget… seriously?!?

This would be like you making 50,000 per year… you find yourself in a “financial crisis” – your banker comes to you and says “I’ll give you $250.00 in July and another $250 in October”… how far do you think that would go towards solving your crisis??

Seriously??

scottiegirl:
Like trying to save the Titanic with a tea cup

BGG:
THAT’S WHAT THE ACTUAL DOLLARS HERE MEAN… NOT MUCH!!!!!

So what in the world are they talking about when they say with this IMF and “world” support they have “over-come” their financial crisis?????

They are either on CRACK or they are talking about something other than the MONEY!!!

Obviously – they are talking about something other than this little amount of financing… Saleh is essentially saying “we’ve done everything the IMF has asked”… this is critical for what’s next – CRITICAL…

Forget the loan – it (in and of itself) is almost useless…

scottiegirl:
Hopefully moving to the international stage….with an acceptable currency….maybe?

BGG:
What are the 2 things they really, really, really need??

BGG says to scottiegirl:
NOW YOU’RE GETTING THERE!!

slh5282:
acceptance to the WTO and money with value

BGG says to slh5282:
VERY CLOSE.

Two things they really need…

1) IMF oversight and a demonstrated ability to do as they are told…

(that’s a biggie)

2) International acceptance… re-integration with the world economies.

#2 won’t fully happen without #1…

AND

International acceptance in every way. This includes an internationally priced and accepted currency…

Obviously – Saleh is prone to bluster… he’s a big talker.

but – they won’t get #2 – without #1…

It’s not about the meetings – it’s about what they are actually DOING.

Let’s go backwards a little – then cover this again…

Why do they need international acceptance??

Their whole budget relies entirely on oil – everything you see in their budget is their whole oil production… their everything rises and falls on oil production and oil prices.

The IMF doesn’t want that… neither should Iraq.

Their oil income should be the ENGINE that drives their economy – NOT THE WHOLE THING…

So how do they get things turned around?

By doing EXACTLY what they are doing.

Getting along with the IMF… this loan is just a vehicle to get the IMF and “world support” on board…

According to economists – once they are internationally integrated – their currency priced right, investment laws are properly amended and internationally accepted – THEY WILL GET HIT WITH A WALL OF INVESTMENT MONEY… (their actual words).

When this happens – they will be a lot less dependent on oil income… far more diversified.

TONYV:
BGG: IMO, I see the carrot and stick approach from the IMF. Make no mistake, the IMF is in charge. What say you?

BGG:
I agree…

thedinarian:
and that will give them they stability they need and what we investore want to see.

BGG:
and they seem to be responding.

I really think all of this is part of “the financial reform”… no doubt.

tman23:
…. IMO the interest for us now is only the intro of new currency and how they will treat the existing 3 zero notes……

BGG says to tman23:
no need to be concerned about how they treat the 3 zero notes… they are worth a Dinar and will still be worth a Dinar once they make the change…

I don’t see how they can wait that long – unlike in previous regimes – there is no stall here… it’s all GO, GO, GO!!

Read More: http://www.dinarupdates.com/showthread.php?41073-NEWSTIME-WITH-BGG-Saturday-afternoon-September-17-2016
______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1331.878	1331.212
British pound	GBP	1573.833	1573.046
Canadian dollar	CAD	906.929	906.475
Swiss franc	CHF	1213.054	1212.448
Swedish krona	SEK	139.983	139.913
Norwegian krone	NOK	144.034	143.962
Danish krone	DKK	178.947	178.858
Japanese yen	JPY	11.560	11.554
Special Drawing Rights	SDR	1657.235	1656.406

http://www.cbi.iq/

Indicative rates – 09.19.2016

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 (most recent listing) 09-18-16

Currency Auctions Announcement No. 3278

This daily currency auction was held in the Central Bank of Iraq on the 09-18-2016

The results were as follows:

DETAILS	NOTES
Number of banks	34
Number of remittance companies	15
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	127,161,362
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	127,161,362
Total offers for selling (US$)	—–

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

BGG ~ Auctions are back online (meaning they are back to business)…

______________________________________________________________

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

*** Current News ***

Saleh: Iraq has implemented all the conditions of the International Monetary Fund!

BAGHDAD / News Network Iraq – Declared Prime Minister adviser on fiscal policies, the appearance of Mohammed Saleh on Thursday, for an end to Iraq ‘s own commitments first phase of the Stand -By agreement with the International Monetary Fund of several stages include 13 commitment by which it agreed to grant Iraq a financial loan $ 5.3 billion.

concluded Iraq and the international Monetary Fund in May / May last deal after meeting for several days held in the Jordanian capital Amman to grant Iraq a financial loan of 5.3 billion dollars with an interest rate of up to 1.5%, acknowledges Iraq share an initial value of $ 634 million in July / last June, said adviser to the Iraqi prime minister for financial policy,

the appearance of Mohammed Saleh, in a press statement today: ” the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy, and performance standards, and financial management reform, reform.

some laws, procedures for restructuring the general budget, and maintain the central bank ‘s reserves, all of Iraq ‘s commitment to them. ”

Saleh added that” the willingness of credit with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion agreement, includes 13 consultation or obligation , Iraq and the international Monetary Fund , they finished the first review, there will be future revisions in early October in Washington.”

Iraq ‘s chief financial officer , and continued that” after each audit is released part of a financial loan to Iraq in accordance with the agreement, and we expect that Iraq has received the second installment of the financial loan next month (without revealing its value). ”

for his part, expressed the international Monetary Fund, on Wednesday, thanked the Iraqi authorities to” good cooperation with him and discussions frank and fruitful during the first review of the agreement to prepare the credit, which has in the Jordanian capital Amman recent meetings. ”

The Iraqi government acknowledged the end of last month, the country ‘s budget for next year by 102 trillion dinars (about US $ 85 billion), to begin a new phase of internal and external negotiations may be more complicated on how to secure the fiscal deficit which stood at 30% of the total budget.

Read More: http://www.dinarupdates.com/showthread.php?40993-Saleh-Iraq-has-implemented-all-the-conditions-of-the-International-Monetary-Fund%21&p=161634#post161634

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG and Co. in the DU CHAT ROOM – Sunday 7:30pm EST

www.DinarUpdates.com – save as favorite

______________________________________________________________

BGG (Dinar Guru) –    […IMO the interest for us now is only the intro of new currency and how they will treat the existing 3 zero notes…]   no need to be concerned about how they treat the 3 zero notes… they are worth a Dinar and will still be worth a Dinar once they make the change...

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

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Q & A Call!!”
from Thurs – “After Call – LIVE”
w/RCookie, Mr White & Hutch

Smart phone user link – Click here

______________________________________________________________

BGG:

My commentary from News Time Saturday afternoon was mainly based on the above article and Saleh’s comments coming out of the IMF meetings in Amman, Jordan
So let’s give some frame of reference in “layman’s terms”…

We’ve talked over and over and OVER about this IMF “world” assistance package…

to start things off – they will get 5.3 Billion USD over the next 5 years.

their budget for 2017 is roughly 85 Billion (expressed in USD – which isn’t really significant – just saying it in USD terms)…

I don’t recall what their budget was for 2016 – probably similar…

Once we’re done with this – I’ll ask a few important questions…

So they will have gotten something around 1 Billion USD in IMF aid this year – once the balance of the two payments are made – next month??

Everyone follow so far??

So their total budget is around 85 Billion US and they are getting this “life-saving aid” amounting to a little over 1 Billion US…

That works out to a little over 1% of their budget… seriously?!?

This would be like you making 50,000 per year… you find yourself in a “financial crisis” – your banker comes to you and says “I’ll give you $250.00 in July and another $250 in October”… how far do you think that would go towards solving your crisis??

Seriously??

scottiegirl:
Like trying to save the Titanic with a tea cup

BGG:
THAT’S WHAT THE ACTUAL DOLLARS HERE MEAN… NOT MUCH!!!!!

So what in the world are they talking about when they say with this IMF and “world” support they have “over-come” their financial crisis?????

So what in the world are they talking about when they say with this IMF and “world” support they have “over-come” their financial crisis?????

they are either on CRACK or they are talking about something other than the MONEY!!!

Obviously – they are talking about something other than this little amount of financing… Saleh is essentially saying “we’ve done everything the IMF has asked”… this is critical for what’s next – CRITICAL…

Forget the loan – it (in and of itself) is almost useless…

scottiegirl:
Hopefully moving to the international stage….with an acceptable currency….maybe?

BGG:
What are the 2 things they really, really, really need??

BGG says to scottiegirl:
NOW YOU’RE GETTING THERE!!

slh5282:
acceptance to the WTO and money with value

BGG says to slh5282:
VERY CLOSE.

two things they really need…

1) IMF oversight and a demonstrated ability to do as they are told…

(that’s a biggie)

2) international acceptance… re-integration with the world economies.

#2 won’t fully happen without #1…

AND

international acceptance in every way. This includes an internationally priced and accepted currency…

Obviously – Saleh is prone to bluster… he’s a big talker.

but – they won’t get #2 – without #1…

it’s not about the meetings – it’s about what they are actually DOING.

Let’s go backwards a little – then cover this again…

Why do they need international acceptance??

Their whole budget relies entirely on oil – everything you see in their budget is their whole oil production… their everything rises and falls on oil production and oil prices.

The IMF doesn’t want that… neither should Iraq.

Their oil income should be the ENGINE that drives their economy – NOT THE WHOLE THING…

So how do they get things turned around?

By doing EXACTLY what they are doing.

Getting along with the IMF… this loan is just a vehicle to get the IMF and “world support” on board…

According to economists – once they are internationally integrated – their currency priced right, investment laws are properly amended and internationally accepted – THEY WILL GET HIT WITH A WALL OF INVESTMENT MONEY… (their actual words).

When this happens – they will be a lot less dependent on oil income… far more diversified.

TONYV:
BGG: IMO, I see the carrot and stick approach from the IMF. Make no mistake, the IMF is in charge. What say you?

BGG:
I agree…

thedinarian:
and that will give them they stability they need and what we investore want to see.

BGG:
and they seem to be responding.

I really think all of this is part of “the financial reform”… no doubt.

tman23:
…. IMO the interest for us now is only the intro of new currency and how they will treat the existing 3 zero notes……

BGG says to tman23:
no need to be concerned about how they treat the 3 zero notes… they are worth a Dinar and will still be worth a Dinar once they make the change…

I don’t see how they can wait that long – unlike in previous regimes – there is no stall here… it’s all GO, GO, GO!!

Read More: http://www.dinarupdates.com/showthread.php?41073-NEWSTIME-WITH-BGG-Saturday-afternoon-September-17-2016

______________________________________________________________

BGG (Dinar Guru) –    Article quote:   “…the willingness of credit with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion agreement…”  …their whole budget relies entirely on oil – everything you see in their budget is their whole oil production… their everything rises and falls on oil production and oil prices.  …this loan is just a vehicle to get the IMF and “world support” on board…  two things they really need...1) IMF oversight and a demonstrated ability to do as they are told…   2) international acceptance… re-integration with the world economies.  #2 won’t fully happen without #1…AND international acceptance in every way. This includes an internationally priced and accepted currency…   [post 1 of 2….stay tuned]

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

BGG (Dinar Guru) –    According to economists – once they are internationally integrated – their currency priced right, investment laws are properly amended and internationally accepted – THEY WILL GET HIT WITH A WALL OF INVESTMENT MONEY… (their actual words).   When this happens – they will be a lot less dependent on oil income…far more diversified.  […the IMF is in charge. What say you?]   I agree… and they seem to be responding.   I really think all of this is part of “the financial reform”… no doubt.    …unlike in previous regimes – there is no stall here… it’s all GO, GO, GO!!   [post 2 of 2]

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

IRAQ

STAFF-MONITORED PROGRAM—PRESS RELEASE; AND
STAFF REPORT

cr1611
______________________________________________________________

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:

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

122215-loi
______________________________________________________________

For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

IRAQ

FIRST AND SECOND REVIEWS OF THE STAFF-MONITORED PROGRAM AND REQUEST FOR A THREE-YEAR STAND-BY ARRANGEMENT—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ

cr16225
______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1335.187	1334.520
British pound	GBP	1580.570	1579.780
Canadian dollar	CAD	915.640	915.182
Swiss franc	CHF	1221.579	1220.968
Swedish krona	SEK	140.283	140.213
Norwegian krone	NOK	145.209	145.136
Danish krone	DKK	179.390	179.300
Japanese yen	JPY	11.627	11.621
Special Drawing Rights	SDR	1660.828	1659.998

Indicative rates – 09.18.2016

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 (most recent listing) 09-17-16

Currency Auctions Announcement No. 3277

This daily currency auction was held in the Central Bank of Iraq on the 09-08-2016

The results were as follows:

DETAILS	NOTES
Number of banks	30
Number of remittance companies	15
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	136,428,356
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	136,428,356
Total offers for selling (US$)	—–

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

For every complex problem there is an answer that is clear, simple, and wrong. – H. L. Mencken

*** Current News ***

Central Bank: No category million dollars and we deal

Long-Presse / Baghdad – It said an informed source at the Central Bank of Iraq, on Wednesday, that there is no currency of one million dollars a category, and among that this currency is real and may be used to waddle or games, he stressed that a higher currency Bank deals with are a class of ($ 100).
The source said in an interview (Amdy Press), said that “the trading day in the Iraqi market and among the citizens of the existence of a class coin (one million dollars), is not true and there is no such a category,” he said, “that category may be for the purposes of Strutting ( gift), or used for the Games. ”

The source, who not to be named, said, “The Central Bank does not deal with that group, and that the highest category in the dollar coin is ($ 100), so the Central Bank does not deal with that category one million dollars because that does not exist.”
And circulation of citizens and the Iraqi market news for the currency of the category million people exchanged presence as part of a new currency will be worked out in the country.

Article Link

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG and Co. in the DU CHAT ROOM – Sunday 7:30pm EST

www.DinarUpdates.com – save as favorite

______________________________________________________________

Enorrste (Dinar Guru) –  Article:  “The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed”  If these two major banks are now selling the dinar at 1200 per dollar what do you think will happen in the short term, especially since the street rate is 1290 per dollar? The answer is two-fold:  first, this will put downward pressure on the street rate…to bring it in line with the official rate, or at least within 2% of that rate (a requirement of the IMF for entry into Article VIII); but secondly, and this has not yet been mentioned, the lower 1200 per dollar rate will quickly draw in large amounts of dinar from the mattresses of those who were frustrated because the street rate was so low compared to the official rate.  This is the secondary but extremely important factor that will be necessary in order to move to a float.  [post 1 of 3….stay tuned]

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

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Q & A Call!!”
from Thurs – “After Call – LIVE”
w/RCookie, Mr White & Hutch

Smart phone user link – Click here

______________________________________________________________

Iraq:

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

122215-loi
______________________________________________________________

Enorrste (Dinar Guru) –   As the dinars in mattresses are removed and sent to the CBI through these major banks they can be destroyed, thus allowing the CBI to reduce the money supply.  Remember, they have to reduce it gradually as the value of the dinar rises.  The reduction is enormous, from 40 trillion dinar to 40 billion dinar.  This is a part of the mechanism that will make this possible.  If the dinar in mattresses do not come out then the float cannot begin or, if it does begin, there will not be enough upward pressure to raise its value UNTIL the mattress money is removed.  Thus this move by these two major banks (initiated by the IMF) will help to kick-start that removal process.  [post 2 of 3….stay tuned]

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

______________________________________________________________

Kaperoni (Dinar Guru) –    Article:  “Parliamentary Finance calls to control the rate of the dinar against the dollar”   I will say it again…Balassa-Samuelson effect.  Once they accept Article VIII (they have to stabilize the exchange rate, spread and meet other conditions first), they then will float the dinar to counter inflationary pressure created by the influx of investment and investors.  This will cause the dinar to appreciate in value.  It will not happen overnight, but it will happen gradually.  With the introduction of the 50, 100, 200 planned for early 2017, we can hope that the dinar will be worth .10 cents by then.

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

______________________________________________________________

IRAQ

STAFF-MONITORED PROGRAM—PRESS RELEASE; AND
STAFF REPORT

cr1611
______________________________________________________________

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!!)
______________________________________________________________

THIS REPORT WAS SENT TO CONGRESS in MAY 2012. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

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/

______________________________________________________________

For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

IRAQ

FIRST AND SECOND REVIEWS OF THE STAFF-MONITORED PROGRAM AND REQUEST FOR A THREE-YEAR STAND-BY ARRANGEMENT—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ

cr16225
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CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1328.213	1327.549
British pound	GBP	1581.634	1580.843
Canadian dollar	CAD	916.634	916.176
Swiss franc	CHF	1220.570	1219.960
Swedish krona	SEK	139.657	139.587
Norwegian krone	NOK	144.460	144.388
Danish krone	DKK	178.426	178.337
Japanese yen	JPY	11.651	11.645
Special Drawing Rights	SDR	1658.819	1657.989

http://www.cbi.iq/

Indicative rates – 09.17.2016

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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 (most recent listing) 09-16-16

Currency Auctions Announcement No. 3277

This daily currency auction was held in the Central Bank of Iraq on the 09-08-2016

The results were as follows:

DETAILS	NOTES
Number of banks	30
Number of remittance companies	15
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	136,428,356
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	136,428,356
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
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Just Because You’re Offended, Doesn’t Mean You’re Right. – Unkown

*** Current News ***

Central Bank: No category million dollars and we deal

Long-Presse / Baghdad – It said an informed source at the Central Bank of Iraq, on Wednesday, that there is no currency of one million dollars a category, and among that this currency is real and may be used to waddle or games, he stressed that a higher currency Bank deals with are a class of ($ 100).
The source said in an interview (Amdy Press), said that “the trading day in the Iraqi market and among the citizens of the existence of a class coin (one million dollars), is not true and there is no such a category,” he said, “that category may be for the purposes of Strutting ( gift), or used for the Games. ”

The source, who not to be named, said, “The Central Bank does not deal with that group, and that the highest category in the dollar coin is ($ 100), so the Central Bank does not deal with that category one million dollars because that does not exist.”
And circulation of citizens and the Iraqi market news for the currency of the category million people exchanged presence as part of a new currency will be worked out in the country.

Article Link

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Enorrste (Dinar Guru) –  Article:  “The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed”  If these two major banks are now selling the dinar at 1200 per dollar what do you think will happen in the short term, especially since the street rate is 1290 per dollar? The answer is two-fold:  first, this will put downward pressure on the street rate…to bring it in line with the official rate, or at least within 2% of that rate (a requirement of the IMF for entry into Article VIII); but secondly, and this has not yet been mentioned, the lower 1200 per dollar rate will quickly draw in large amounts of dinar from the mattresses of those who were frustrated because the street rate was so low compared to the official rate.  This is the secondary but extremely important factor that will be necessary in order to move to a float.  [post 1 of 3….stay tuned]

Read More: http://www.dinarupdates.com/observer/
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from Thurs – “After Call – LIVE”
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Iraq:

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

122215-loi
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Enorrste (Dinar Guru) –   As the dinars in mattresses are removed and sent to the CBI through these major banks they can be destroyed, thus allowing the CBI to reduce the money supply.  Remember, they have to reduce it gradually as the value of the dinar rises.  The reduction is enormous, from 40 trillion dinar to 40 billion dinar.  This is a part of the mechanism that will make this possible.  If the dinar in mattresses do not come out then the float cannot begin or, if it does begin, there will not be enough upward pressure to raise its value UNTIL the mattress money is removed.  Thus this move by these two major banks (initiated by the IMF) will help to kick-start that removal process.  [post 2 of 3….stay tuned]

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

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Kaperoni (Dinar Guru) –    Article:  “Parliamentary Finance calls to control the rate of the dinar against the dollar”   I will say it again…Balassa-Samuelson effect.  Once they accept Article VIII (they have to stabilize the exchange rate, spread and meet other conditions first), they then will float the dinar to counter inflationary pressure created by the influx of investment and investors.  This will cause the dinar to appreciate in value.  It will not happen overnight, but it will happen gradually.  With the introduction of the 50, 100, 200 planned for early 2017, we can hope that the dinar will be worth .10 cents by then.

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

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IRAQ

STAFF-MONITORED PROGRAM—PRESS RELEASE; AND
STAFF REPORT

cr1611
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THIS REPORT WAS SENT TO CONGRESS in MAY 2012. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

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/

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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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IRAQ

FIRST AND SECOND REVIEWS OF THE STAFF-MONITORED PROGRAM AND REQUEST FOR A THREE-YEAR STAND-BY ARRANGEMENT—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ

cr16225
______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1328.213	1327.549
British pound	GBP	1581.634	1580.843
Canadian dollar	CAD	916.634	916.176
Swiss franc	CHF	1220.570	1219.960
Swedish krona	SEK	139.657	139.587
Norwegian krone	NOK	144.460	144.388
Danish krone	DKK	178.426	178.337
Japanese yen	JPY	11.651	11.645
Special Drawing Rights	SDR	1658.819	1657.989

http://www.cbi.iq/

Indicative rates – 09.16.2016

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