Dinar Daily NEWS Blog – September 15th

Posted on September 15, 2016 by BGG

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) 09-15-16

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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In the mountains of truth, you never climb in vain. – Friedrich Nietzsche

* 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/RCookie, Mr White & Hutch in the DU CHAT ROOM – Thursday 7:30pm EST

www.DinarUpdates.com – save as favorite

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Kaperoni (Dinar Guru) – Article: “Rasheed Bank proceed to sell the dollar for travelers dinars 1200” This should quickly reduce the spread to within 2% as others follow to compete. Again, the CBI is trying to get in compliance. This is great news to meet the IMF directive in the SBA.

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

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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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Kaperoni (Dinar Guru) – So we can see here that the CBI is doing exactly what the IMF dictated. And they are moving closer to accepting the obligations (don’t know the date) of Article VIII. Which we all know Article VIII is the “key” to make the dinar internationally convertible and as a result would remove the dinar from the peg at that time and allow it to float. IMO, they are moving towards the goals of early 2017 (remember the 3 notes the CBI wants to bring out!) Gotta love the line….”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” It really is fantastic news because the IMF is not going to let the CBI and banking system stay closed to the world much longer. The plan is in action. [post 2 of 2]

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Kaperoni (Dinar Guru) – this should get us all excited…From the IMF 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.9 As a first step, the Council of Ministers will approve and introduce to parliament an amendment of the Investment Law, or the CBI will issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction (SB, Table 5), as recommended by a recent technical assistance mission of the IMF. As a second step, the CBI will increase the sale of foreign exchange for valid current exchange transactions on the official market in order to reduce the spread between the official and parallel exchange rates (10). In particular, the CBI will, by the end of 2016, make the weekly limits on the purchase of cash at the weekly foreign currency auctions indicative, in the sense that any bank requiring additional cash for legitimate travel expenses for its clients will be able to obtain the required amount above these limits on the basis of appropriate documentation.” [post 1 of 2….stay tuned]

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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/

BGG ~ The above is another one of the documents I referenced on the call last nite. A review of a review – so to speak…

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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
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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 – 09.15.2016

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

Posted in Daily Dinar Updates | Tagged Dinar, dinar corp, dinar detectives, Dinar Guru, dinar gurus, Dinar Info, Dinar News, dinar recaps, dinar recaps blog, Dinar RV, dinar to usd, dinar updates, dinar value, dinar vets, IQD, Iraqi Dinar | Comments Off

Dinar Daily NEWS Blog – September 14th

Posted on September 14, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-14-16

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/
______________________________________________________________

In the mountains of truth, you never climb in vain. – Friedrich Nietzsche

* Current News *

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite

______________________________________________________________

rcookie (Dinar Guru) – Article: “Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations” …THE IMF…IN AUDITING CBI IS SURPRISED TO FIND $10 BILLION MORE IN RESERVES THAN PROGRAMMED FORCASTED AMOUNT...AND MORE INTERESTING… COMMENTS BY THE IMF ON THE CBI PERFORMANCE DURING THESE CHALLENGING ECONOMIC TIMES…AND ADHERENCE TO…MORE THAN 20 INITIATIVE THE IMF SPELLED OUT TO CBI…AND IN PARTICULAR…THE IMPLEMENTATION OF THE ISLAMIC FINANCIAL INSTITUTIONS ACT…WHICH WAS IN THE 2016 LOI/MEFP/TMU…

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

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Q & A Call!!”
Thursday – “After Call – LIVE”
w/RCookie, Mr White & Hutch
8:30pm EST 641-715-3640 pin#528733

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

______________________________________________________________

Central Bank Governor: we were surprised the IMF reserves surpasses expectations

The Central Bank Governor, said the relationship, Iraq’s commitment to pledges made by the International Monetary Fund with specific timing, especially that they comport with its orientation and its goals, noting that the Fund was surprised that Iraq’s foreign currency reserves are more than expectations by about 10 billion dollars.

And concluded in Oman, Jordan, Saturday, (10th of September 2016), a new round of talks between Iraq and the International Monetary Fund on standby credit program for a loan worth 18 billion dollars, to be completed in November.

The Central Bank Governor said the Agency, Ismail “relationship Central Bank introduced during the talks detailed report all actions carried out under the agreement with him,” pointing out that “the report confirmed the Central Bank’s commitment to implementing more than 20 pledge and full proposal within a specified time schedule.

He added that such relations “obligations within the Central Bank plan, concerning various aspects, the most important action against money laundering and financing of terrorism”, noting that “the Bank integrated files provided on the regulations and controls and instructions and electronic systems that do this.”

The Governor of the Central Bank, said that “the report also included capacity-building measures both for the Central Bank or other banks, with evidence relating to inspection and control,” pointing out that “the Central Bank regarding code completion Islamic financial institutions and credit Bureau system at the national level, amendments to the law, the appointment of an external auditor to audit reserves and application and dissemination of indicators of financial stability”.

And in another axis of modern, Central Bank reserves of foreign currencies, International Monetary Fund look to him, “said the IMF report, relations between the reserve with the Central Bank more than was expected by about 10 billion dollars,” returned to “an important indicator on the performance and adequacy of Bank reserves, especially as they increase the amount of local currency, dinar, in circulation.

Iraqi Central Bank Governor said, “the International Monetary Fund evaluation proves that the Central Bank’s performance was special in light of the challenges facing Iraq and unstable circumstances economically, financially and politically and in security.”

Iraq acknowledges before mid-July 2016, approximately 634 million, representing the first installment of the IMF loan, immediately after the IMF Executive Board, authentication (the 7th of that month), the Convention on the preparation of credit with Iraq, given that the duration of the loan is five years low annual interest amounting to one and a half percent (1.5%), and the number of payments are 13 batch extending over 36 months.

The United States has been confirmed in the US, (April 20, 2016), that the Iraqi Government’s economic reforms began to show their effects by increasing non-oil imports, indicating that the Iraqi Government’s success in reducing the budget deficit means obtaining a loan from the International Monetary Fund for billions of dollars.

And had the appearance of Mohamed Saleh, confirmed in (26 January 2016), that Iraq agreed with the IMF to obtain long term loans, to implement development projects, indicating that the box under other conditions of government expenses, and certain procedures relating to economic policies, while counting the Economist that “most” of the loans is to know the amounts that will be obtained through 2016.

The IMF agreed in (13 January 2016), on financing the budget deficit through withdrawal of hard currency reserves, leading to lower those reserves of 59 billion dollars by the end of October 2015, to 43 billion by the year 2016.

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BGG (Dinar Guru) – these flashbacks (HARD NEWS) give some important context as to what we are involved in…WIth these previous statements, articles and comments giving historical context – and the current push by the IMF, WB and UN to integrate Iraq back into the international community – things are VERY exciting (to say the least). I’m not predicting anything, nor am I commenting on “rate” – per se…I’m just telling you what they (IRAQ) have been saying all along… [post 3 of 3]

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BGG (Dinar Guru) – “The Exchange Rate of Foreign Currency in Economic Feasibility Studies” “3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.” Ministry OF PLANNING…Iraq G-O-I !!! …REPORT WAS SENT TO CONGRESS…IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013. these final thoughts from them (the final report sent to our U.S. Congress) if nothing else, adds considerable weight to our thoughts about this investment…in fact, those saying this is a “scam” – look foolish – taking these reports in context. [post 2 of 3….stay tuned]

BGG (Dinar Guru) – Flashback Article: “Minister of Finance: raise zeros from the Iraqi currency against the dollar will be supported” Quote: “…The proposal to raise three zeroes from the currency will be in accordance with the right monetary policy is not gradual, as happened in Turkey…” This article was from Feb. 2nd 2010. They’ve been telling us all along…NOT A FLOAT… Noting that the Iraqi dinar would be offset dollar or slightly more than after the application of this proposal. = about a dollar (USD) or slightly higher…THIS IS WHAT THEIR MoF said at the time. Not me…they have had some idea as to what this was going to be all along. [post 1 of 3….stay tuned]

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Statement at the End of an IMF Mission on Iraq

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Amman from August 28–September 10, 2016 on the first review of Iraq’s 36-month Stand-By Arrangement (SBA) approved by the IMF Executive Board on July 7, 2016. (See Press Release No. 16/321).

Mr. Christian Josz, Mission Chief for Iraq, issued the following statement:

“The Iraqi authorities and IMF staff started discussions on the first review of the SBA. These discussions will continue during the upcoming IMF and World Bank Annual Meetings from October 7–9, 2016 in Washington, DC.

“During the mission, the team met with the Minister of Finance Hoshyar Zebari, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, electricity, the CBI, and representatives from the Kurdistan Regional Government, Board of Supreme Audit, and pension commission. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”

IMF Communications Department

http://www.imf.org/en/News/Articles/2016/09/12/PR16401-Iraq-Statement-at-the-End-of-an-IMF-Mission

______________________________________________________________

Be sure to join the New 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.

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.

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

BGG ~ The above is another one of the documents I referenced on the call last nite. A review of a review – so to speak…

______________________________________________________________

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
______________________________________________________________

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:

1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine.

The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.

* What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar. In particular the following outputs and inputs of foreign currency were distinguished:

Export-outputs.
Outputs marketed locally that substitute imports.
Imported inputs.
Inputs produced locally that usually go to exports.
Foreign labor.

According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules

In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency …. etc.).

In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.

2. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports… etc.

The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:

The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.
The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.
The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods
The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.
This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.

And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.

3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.

The Republic of Iraq – Ministry of Planning

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

BGG ~ This is a “Rewind” of one of the documents I referred to on the call last nite…

If you missed it – click on the “Call Banner” to the right..

______________________________________________________________

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 – 09.14.2016

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

Dinar Daily NEWS Blog – September 13th

Posted on September 13, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-13-16

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/
______________________________________________________________

No statement should be believed (just) because it is made by an authority. – Robert Heinlein

* Current News *

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite

______________________________________________________________

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

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Info – TONITE!!”
from Friday – “After Call” – w/BGG
& “Special Guests” – 8:30pm EST

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

______________________________________________________________

Central Bank Governor: we were surprised the IMF reserves surpasses expectations

______________________________________________________________

Dinar Updates “Q&A – LIVE”!!

“Dinar Q & A Call!!”
Wed – “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST

from 9/7 – Smart phone user link – Click here

______________________________________________________________

Statement at the End of an IMF Mission on Iraq

Mr. Christian Josz, Mission Chief for Iraq, issued the following statement:

IMF Communications Department

http://www.imf.org/en/News/Articles/2016/09/12/PR16401-Iraq-Statement-at-the-End-of-an-IMF-Mission

______________________________________________________________

Be sure to join the New 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.

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.

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

BGG ~ The above is another one of the documents I referenced on the call last nite. A review of a review – so to speak…

______________________________________________________________

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
______________________________________________________________

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Estimate the shadow price of foreign currency:

* What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar. In particular the following outputs and inputs of foreign currency were distinguished:

Export-outputs.
Outputs marketed locally that substitute imports.
Imported inputs.
Inputs produced locally that usually go to exports.
Foreign labor.

According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules

In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.

The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:

The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.
The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.
The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods
The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.
This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.

The Republic of Iraq – Ministry of Planning

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

BGG ~ This is a “Rewind” of one of the documents I referred to on the call last nite…

If you missed it – click on the “Call Banner” to the right..

______________________________________________________________

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 – 09.13.2016

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

Dinar Daily NEWS Blog – September 12th

Posted on September 12, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-12-16

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/
______________________________________________________________

Government does not solve problems; it subsidizes them. – Ronald Reagan

* Current News *

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite

______________________________________________________________

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

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Info – TONITE!!”
from Friday – “After Call” – w/BGG
& “Special Guests” – 8:30pm EST

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

______________________________________________________________

Central Bank Governor: we were surprised the IMF reserves surpasses expectations

______________________________________________________________

Dinar Updates “Q&A – LIVE”!!

“Dinar Q & A Call!!”
Wed – “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST

from 9/7 – Smart phone user link – Click here

______________________________________________________________

Statement at the End of an IMF Mission on Iraq

Mr. Christian Josz, Mission Chief for Iraq, issued the following statement:

IMF Communications Department

http://www.imf.org/en/News/Articles/2016/09/12/PR16401-Iraq-Statement-at-the-End-of-an-IMF-Mission

______________________________________________________________

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

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(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.

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.

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

BGG ~ The above is another one of the documents I referenced on the call last nite. A review of a review – so to speak…

______________________________________________________________

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
______________________________________________________________

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Estimate the shadow price of foreign currency:

* What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar. In particular the following outputs and inputs of foreign currency were distinguished:

Export-outputs.
Outputs marketed locally that substitute imports.
Imported inputs.
Inputs produced locally that usually go to exports.
Foreign labor.

According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules

In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.

The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:

The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.
The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.
The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods
The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.
This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.

The Republic of Iraq – Ministry of Planning

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

BGG ~ This is a “Rewind” of one of the documents I referred to on the call last nite…

If you missed it – click on the “Call Banner” to the right..

______________________________________________________________

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 – 09.12.2016

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

Dinar Daily NEWS Blog – September 10th

Posted on September 10, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-10-16

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/
______________________________________________________________

Let me never fall into the vulgar mistake of dreaming that I am persecuted whenever I am contradicted. – R.W. Emerson

* Current News *

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite

______________________________________________________________

Kaperoni (Dinar Guru) – Article: “Economy and Investment parliamentary reaffirms its support for the efforts of the central bank in the stability of the dinar exchange” Quote: “The Commission on the economy and investment representative, Thursday, to support the efforts of the Central Bank to stabilize the dinar and prevent inflation…” …Shabibi did keep it stable and within 2% for 10 months. …Shabibi also was about to implement currency reform. He had a huge media campaign (with the help of the WB) before Maliki stopped him. The good news this time is that it appears that the CBI, WB and IMF and the government appear to be on the same page to accomplish reforms. We can only hope that they begin soon.

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

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Info – TONITE!!”
from Friday – “After Call” – w/BGG
& “Special Guests” – 8:30pm EST

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

______________________________________________________________

Zebari in Amman to Iraq to complete talks with the International Monetary Fund

Economy News / Baghdad … Ministry of Finance announced on Friday for the arrival of its minister, Hoshyar Zebari, to the Jordanian capital of Amman to complete the international consultations between the government and representatives of the International Monetary Fund, IMF.

The ministry said in a statement: “Economy News” received a copy of it, “Finance Minister Hoshyar Zebari arrived on Thursday evening, the Jordanian capital, Amman, to complete the international consultations between the government and representatives of the International Monetary Fund IMF”, indicating that “took place during the last period technical talks between a delegation a government of the Ministry of Finance and Ministry of planning and the Ministry of oil and the Central Bank with the international Monetary Fund experts to review Iraq’s obligations under Stand-by program SBA with the Fund. ”

She added that “the fund under this program provided over a three-year revolving credit facility by $ 4.5 billion to Iraq to fill the financial gap and the budget deficit as a result of the financial and economic crisis in the country,” adding that “as a result of the commitment of Iraq’s Fund program to improve public finances and rationalize the policy performance costs and increase non-oil revenues, transparency and the fight against corruption, money laundering and illegal financial management legislation and the Central Bank. ”

She noted that “the total amount to be provided by the program to Iraq within three years from the IMF and the World Bank and the donor countries and international financial institutions is around 18 billion dollars to support the economy and financial Iraq,” adding that “the Fund provided last July initial financial push for Iraq amounted to round about 640 million to support the budget, is scheduled to receive another batch of Iraq and by $ 640 million in the month of November 2016 the implementation of fiscal and economic reform plans established in the financial and economic policies of the memorandum. ”

And participate in the talks, Mr. Governor of the Central Bank and Financial Advisor to Mr. Prime Minister and a number of general managers and experts in the Ministry of Finance and Planning and the Central Bank.

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BGG (Dinar Guru) – Regarding this conversation about them delaying dealing with Zebari in Parliament today – there were “musings” about such shenanigans being possible in the News yesterday and the day before…not out of character for them… lots of changes going on in Iraq right now…

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rcookie (Dinar Guru) – [they were talking about putting Amnesty law in the Gazette in a day or 2… they are holding it off?] YES…SO RATHER THAN RESCIND THE ENTIRE LAW…THEY ARE ADDING AMENDMENTS PRESENTED SEPARATELY AND THEN WILL POST NEW LAW WITH AMENDMENTS IN GAZETTE…

______________________________________________________________

Dinar Updates “Q&A – LIVE”!!

“Dinar Q & A Call!!”
Wed – “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST

from 9/7 – Smart phone user link – Click here

______________________________________________________________

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Estimate the shadow price of foreign currency:

* What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar. In particular the following outputs and inputs of foreign currency were distinguished:

Export-outputs.
Outputs marketed locally that substitute imports.
Imported inputs.
Inputs produced locally that usually go to exports.
Foreign labor.

According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules

In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.

The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:

The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.
The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.
The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods
The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.
This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.

The Republic of Iraq – Ministry of Planning

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

BGG ~ This is a “Rewind” of one of the documents I referred to on the call last nite…

If you missed it – click on the “Call Banner” to the right..

______________________________________________________________

Be sure to join the New 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.

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.

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

BGG ~ The above is another one of the documents I referenced on the call last nite. A review of a review – so to speak…

______________________________________________________________

Central bank: there is no process of converting $ 6 billion out of Iraq

BAGHDAD / obelisk: The Central Bank announced the absence of any transfer of $ 6 billion and $ 455 million operation to calculate Hamad al-Moussawi outside Iraq.

According to the central bank sent the book to the Committee on Parliamentary Integrity, on 4 September 2016 to the absence of any transfer of $ 6 billion and $ 455 million outside Iraq to account Hamad al-Moussawi.

He held the book signing bank governor agency.

The leaked documents, indicated that al-Moussawi, fled the above amount to outside Iraq, and the issue was raised again by the Finance Minister Hoshyar Zebari said after the questioning session.

Thanks Andrew – from the private FB Group – https://www.facebook.com/groups/571383766355188/

______________________________________________________________

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
______________________________________________________________

Why Maliki wanted former central bank governor Sinan al-Shabibi thrown in prison?

Maliki and Alshabibi Baghdad Post – With the arrival of international experts to Baghdad to investigate the corruption files in Iraq , especially in the case of smuggling money and laundered at the Central Bank of Iraq, stand out to the surface of events causes removal of the former province Dr. Shabibi by former Prime Minister Nuri al – Maliki.

Known that Dr. Shabibi personal economic scientific academies and national global referred to Mendez, Masters received in 1971 from Manchester and PhD University of Bristol University in the United Kingdom a very good grade, and worked as a professor for postgraduate studies in European universities for many years and in March the banks managing professionally and his books taught in universities of the world. and when she was assigned for the management of the Central Bank of Iraq, the work of price stability and the implementation of prudent monetary policy with the professional management of foreign currency and raise the value of the Iraqi dinar against the dollar.

but this is a successful manager subjected to harassment by al – Maliki , who was appointed four members of his ruling party big positions within the central bank and they are not with jurisdiction, even influenced by the central bank and took a random hit Otunabh. these people are the Director – money laundering department, the director of the legal department, and director of banking surveillance, and Director of the economic Department.

and took corruption is rampant within the central bank by colleagues Maliki in the party, then the director – money laundering department allocates money Iraq funds for the benefit of the Dawa Party , traders, legal director of gloss it, and Director of the banks control taking sold dollars to private banks associated with the said Prime Minister Party, less than the market in amounts that make Iraq millions of dollars lost per day because of this corruption and the smuggling of government budget funds to the outside. when decided Central Bank Governor Sinan al – Shabibi change them in order to maintain the homeland of funds from theft, came to him a letter from the prime minister prevented him from removal of these corrupt and between the lines of the book “veiled threat.”

after the removal of the first “corrupt gang” mad – Maliki issued by his partner and friend Medhat Mahmoud , an arrest warrant on Shabibi after the latter was in Switzerland lectured about the new monetary policy in a global seminar for International monetary Fund.

and then appointed al – Maliki on the Keywords central bank governor, to hand over power to the Abadi budget Iraq empty and reserves of the Central Bank ravished to enter Iraq in a crisis large financial advancement of which can not after a decade even if oil prices improved today. quoting Shabibi, Maliki received more than all the rulers of Iraq money “combined” not being investigated by any unfinished mention the Iraqi people and the homeland, and was enough to build a new home according to the latest international standards can accommodate up to 30 million people live in the well – being and stability be security for all people in the world to live in.

after al – Maliki out of office, felonies Rusafa Court decided to acquit Shabibi from the false accusation that plotted against al – Maliki and the rule of juniors sentenced to seven years, and promised politically charged court pure and not a crime to the lack of any file condemnation against him.

it is worth mentioning that Dr. Sinan is the son of the poet and writer known as Mohammad Reza Shabibi was born in the city of Najaf, and was a mujahid with Mr. Mohammed Saeed Al-Habboubi in revolted, and became the Royal Prince and minister of Education in the four governments and the chairman of the board Senators and deputies in the parliament and deputies in the Senate and the speaker of parliament.

Article Link
______________________________________________________________

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 – 09.10.2016

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

Posted in Daily Dinar Updates | Tagged Dinar, Dinar Chat, dinar corp, dinar detectives, Dinar Guru, dinar gurus, Dinar Info, Dinar News, dinar recaps, dinar recaps blog, Dinar RV, dinar to usd, dinar updates, dinar value, dinar vets, IQD, Iraqi Dinar | Comments Off

Dinar Daily NEWS Blog – September 9th

Posted on September 9, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-09-16

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/
______________________________________________________________

Many wealthy people are little more than janitors of their possessions. – Frank Lloyd Wright

* Current News *

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Info – TONITE!!”
Friday – “After Call” – w/BGG
& “Special Guests” – 8:30pm EST
641-715-3640 pin#528733

Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) – […saw 2017 budget approval. Is that it now or does it need further discussion and approval?] NO..THAT IS THE AMENDED 2017 BUDGET LAW WITH ALL IMF SBA REFORM REQUIREMENTS… READY AND WAITING…

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

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG and a “Special Guest” in the DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite

______________________________________________________________

Iraq’s parliament to vote on embattled finance minister

Iraq's parliament to vote on embattled finance minister

Iraq’s Finance Minister Hoshyar Zebari.

BAGHDAD, Iraq – Iraq’s national assembly is expected to vote today on whether veteran Kurdish politician Hoshyar Zebari can continue as the country’s finance minister following a question-and-answer session with on August 27.

Zebari told Rudaw he is hopeful he will survive the possible vote of confidence in the deeply divided parliament and described the efforts to remove him from office as “politically motivated” and “without substance.”

“I have broad support not only among those factions that we know, but also among the Shiite and Sunni blocks,” Zebari said, hoping the Kurdish lawmakers would unanimously stay behind him despite political differences.

But not the entire Kurdish block in the Iraqi parliament appears to back the minister, who is from the ruling Kurdistan Democratic Party (KDP). A petition has been signed by many of the Kurds in his favor.

“If a vote of confidence is held in the parliament, I will not vote for him,” said Kurdish MP Muthanna Amin from the Kurdistan Islamic Union (KIU), which has four seats in the Iraqi parliament.

Amin told Rudaw the answers that Zebari provided in the questions session last August were not “trustworthy.” He said his fellow KIU lawmakers would vote individually “according to their conscience.”

But Zebari says the Kurdish factions in the Iraqi parliament should demonstrate unity and avoid “collision.”

“We need to have a common stance on some issues as a Kurdish front in Baghdad,” Zebari said, regretting the position of some Kurdish lawmakers in his case. He said other Kurdish ministers in the Iraqi capital could face similar efforts to remove them, while he thought the Kurdish block should be “more united.”

Kurds hold 62 seats in Iraq’s 328-seat parliament and three ministerial posts in Prime Minister Haidar al-Abadi’s government.

To win a no-confidence vote the majority of the parliament — 165 lawmakers — need to cast their vote against the minister. But at present only 100 MPs have signed a petition that supports the no-confidence vote.

Efforts are also underway to block the no-confidence vote to take place on Tuesday. Lawmaker Shirin Raza said the KDP faction had prepared a petition signed by 85 MPs that called for the annulment of the no-confidence vote. Several other ministers were expected to sign the petition, Raza predicted.

Zebari has been the finance minister since October 2014. Before that, he was Iraq’s foreign minister since 2005. Lawmakers, in particular from the Shiite Daawa Party, have accused Zebari of mismanaging the country’s finances, which the minister denies.

Rudaw.net

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Frank26 (Dinar Guru) – …keep a close eye on Mosul, after Thursday. Alak’s missed steps are coming into focus be ready for some good news later in the month regarding stability and security. Watch CBI actions not the words spoken by others…not the RV but that of which surrounds it.

______________________________________________________________

Dinar Updates “Q&A – LIVE”!!

“Dinar Q & A Call!!”
Wed – “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST

from 9/7 – Smart phone user link – Click here

______________________________________________________________

Allawi: Keywords ineligible for the management of the Central Bank of Iraq

Treasures Media / Baghdad confirmed by former Secretary of Communications Mohammed Tawfiq Allawi , said Governor of the Central Bank of Iraq on the Keywords, does not know how the bank manages under these tough economic conditions, noting that “Iraq is moving toward a serious economic cliff. Allawi said in a televised interview with the Tigris satellite channel and he followed “treasures of the Media” that, by holding the economic file in Iraq , people who are not Mahliyn, explaining that “these primitive ideas have delivered the Iraq to the economic level of the shallow and the next worst. Allawi added , ” has asked the Governor of the Central Bank “on the Keywords” in an earlier time, if it was not able to respond to the economic plight of Iraq, he left to work for this economic detailed important, and important to entrust to the people who are competent, have the ability to draw financial and economic policy success for the challenges that gripped the country. He said Allawi that ” the central bank governor is not qualified to lead this great post, pointing out that “is in a valley , fiscal and monetary policy in the last ravine.

knoozmedia.com

______________________________________________________________

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

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

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

Central bank: there is no process of converting $ 6 billion out of Iraq

BAGHDAD / obelisk: The Central Bank announced the absence of any transfer of $ 6 billion and $ 455 million operation to calculate Hamad al-Moussawi outside Iraq.

He held the book signing bank governor agency.

The leaked documents, indicated that al-Moussawi, fled the above amount to outside Iraq, and the issue was raised again by the Finance Minister Hoshyar Zebari said after the questioning session.

Thanks Andrew – from the private FB Group – https://www.facebook.com/groups/571383766355188/

______________________________________________________________

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
______________________________________________________________

Why Maliki wanted former central bank governor Sinan al-Shabibi thrown in prison?

Article Link
______________________________________________________________

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 – 09.09.2016

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

Dinar Daily NEWS Blog – September 8th

Posted on September 8, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-08-16

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/
______________________________________________________________

Reason obeys itself; and ignorance submits to whatever is dictated to it. – Thomas Paine

* Current News *

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG and a “Special Guest” in the DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite

______________________________________________________________

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

Iraq’s parliament to vote on embattled finance minister

Iraq's parliament to vote on embattled finance minister

Iraq’s Finance Minister Hoshyar Zebari.

“If a vote of confidence is held in the parliament, I will not vote for him,” said Kurdish MP Muthanna Amin from the Kurdistan Islamic Union (KIU), which has four seats in the Iraqi parliament.

But Zebari says the Kurdish factions in the Iraqi parliament should demonstrate unity and avoid “collision.”

Kurds hold 62 seats in Iraq’s 328-seat parliament and three ministerial posts in Prime Minister Haidar al-Abadi’s government.

Rudaw.net

______________________________________________________________

Dinar Updates “Q&A – LIVE”!!

“Dinar Q & A Call!!”
Wed – “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST

from 9/7 – Smart phone user link – Click here

______________________________________________________________

Allawi: Keywords ineligible for the management of the Central Bank of Iraq

knoozmedia.com

______________________________________________________________

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

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

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

Central bank: there is no process of converting $ 6 billion out of Iraq

BAGHDAD / obelisk: The Central Bank announced the absence of any transfer of $ 6 billion and $ 455 million operation to calculate Hamad al-Moussawi outside Iraq.

He held the book signing bank governor agency.

The leaked documents, indicated that al-Moussawi, fled the above amount to outside Iraq, and the issue was raised again by the Finance Minister Hoshyar Zebari said after the questioning session.

Thanks Andrew – from the private FB Group – https://www.facebook.com/groups/571383766355188/

______________________________________________________________

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
______________________________________________________________

Why Maliki wanted former central bank governor Sinan al-Shabibi thrown in prison?

Article Link
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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 – 09.08.2016

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

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Dinar Daily NEWS Blog – September 7th

Posted on September 7, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-07-16

Currency Auctions Announcement No. 3276

This daily currency auction was held in the Central Bank of Iraq on the 09-07-2016

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$)	130,433,092
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	130,433,092
Total offers for selling (US$)	—–

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

Those who stand for nothing fall for anything. – Alex Hamilton

* Current News *

Dinar Updates “Q&A – LIVE”!!

“Dinar Q & A Call!!”
Wed – “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST

from tonite – Smart phone user link – Click here

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

Iraq’s parliament to vote on embattled finance minister

Iraq's parliament to vote on embattled finance minister

Iraq’s Finance Minister Hoshyar Zebari.

“If a vote of confidence is held in the parliament, I will not vote for him,” said Kurdish MP Muthanna Amin from the Kurdistan Islamic Union (KIU), which has four seats in the Iraqi parliament.

But Zebari says the Kurdish factions in the Iraqi parliament should demonstrate unity and avoid “collision.”

Kurds hold 62 seats in Iraq’s 328-seat parliament and three ministerial posts in Prime Minister Haidar al-Abadi’s government.

Rudaw.net

______________________________________________________________

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______________________________________________________________

Allawi: Keywords ineligible for the management of the Central Bank of Iraq

Allawi - Keywords ineligible for the management of the Central Bank of Iraq

knoozmedia.com

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______________________________________________________________

Central bank: there is no process of converting $ 6 billion out of Iraq

BAGHDAD / obelisk: The Central Bank announced the absence of any transfer of $ 6 billion and $ 455 million operation to calculate Hamad al-Moussawi outside Iraq.

He held the book signing bank governor agency.

The leaked documents, indicated that al-Moussawi, fled the above amount to outside Iraq, and the issue was raised again by the Finance Minister Hoshyar Zebari said after the questioning session.

Thanks Andrew – from the private FB Group – https://www.facebook.com/groups/571383766355188/

______________________________________________________________

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
______________________________________________________________

Why Maliki wanted former central bank governor Sinan al-Shabibi thrown in prison?

Article Link
______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1318.994	1318.334
British pound	GBP	1575.724	1574.936
Canadian dollar	CAD	920.346	919.886
Swiss franc	CHF	1207.725	1207.121
Swedish krona	SEK	138.419	138.350
Norwegian krone	NOK	143.193	143.121
Danish krone	DKK	177.249	177.160
Japanese yen	JPY	11.420	11.415
Special Drawing Rights	SDR	1651.798	1650.972

Indicative rates – 09.07.2016

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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Dinar Daily NEWS Blog – September 6th

Posted on September 6, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-06-16

Currency Auctions Announcement No. 3275

This daily currency auction was held in the Central Bank of Iraq on the 09-06-2016

The results were as follows:

DETAILS	NOTES
Number of banks	33
Number of remittance companies	15
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	135,228,418
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	135,228,418
Total offers for selling (US$)	—–

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

The greatest remedy for anger is delay. – Thomas Paine

* Current News *

Follow us on twitter @DinarUpdates !!

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

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______________________________________________________________

rcookie (Dinar Guru) – Article: “The Iraqi government plans to impose new taxes” OK…SO SEE HERE AGAIN…TAKEN RIGHT OUT OF IMF LOI/MEFP/TMU REVENUE REFORMS…THE FINANCE COMMITTEE CAN WHINE AND BLUSTER ALL THEY WANT…THE IMF IS DRIVING THE BUS…” JUST SIT DOWN AND BUCKLE YOUR SEAT BELT”! AND…HERE AS WITH THE NEWLY ANNOUNCED ELECTRONIC DIRECT DEBIT COLLECTION OF ELECTRICITY AND TELECOMMUNICATION DUES AND TAXES…ALONG WITH DRAMATICALLY IMPROVED PROVIDING OF THESE SERVICES THE PUBLIC…WILL RESULT IN INCREASED OVERALL REVENUES AND FAR MORE EFFICIENT MEANS OF COLLECTING THEM ELECTRONICALLY… REMEMBER ALMOST 80% OF ELECTRICITY TAXES AND DUES WERE LEFT ON THE TABLE…THIS WILL ASSURE 100% EFFICIENCY…AND THESE AGAIN…ARE NON OIL REVENUES…

Read More: http://www.dinarupdates.com/observer/
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Iraqi banker close to al – Maliki escape $ 6.5 billion

Former Prime Minister Nuri al-Maliki accused in corruption cases

BAGHDAD – Naseer al – Naqib: Prosecutors demanded the Iraqi finance minister, Hoshyar Zebari, to disclose the identity of the person who was able to smuggle $ 6.5 billion, and it was pointed out during a press statement. A judiciary spokesman Judge Abdul Sattar Bayraktar said that «Prosecutors formally request» from Finance Minister «to clarify his statements regarding the name of the person mentioned in one of the local media that« about 6.5 billion and a half billion dollars to «his personal account, in order to take action legal right, said Zebari, who face the threat of no-confidence, after questioning in parliament in Mali corrupted files session, channel «Tigris» TV local Iraqi that «only one person about $ 6 billion and 455 million to his personal account in a bank outside the country, but that member Finance Committee in the Iraqi parliament Haitham al-Jubouri revealed the name, stressing that «Hamad Yasser al-Moussawi, the owner Huda Bank Musawi was a candidate for a coalition« rule of law », led by former Prime Minister Nuri al-Maliki, is considered a close associate of Nuri al-Jubouri said«

We discovered Moussawi file and it has approached the money laundering Office in the Central Bank who wrote the report for the prosecution in March and confirmed the opening of 3 files on suspicion of involvement of bank Rafidain and Rasheed in the case and leads the al-Jubouri, a campaign questioning the Minister of Finance in the corruption files, relating to protection expenses file, and furnishing his home, and rent his secretary amount large, what he considered Zebari as «a political target but Zebari criticized al-Jubouri to about smuggling a large amount, saying the real files, these people where the money went?

Who is responsible for?

He stressed that it «formally documented and why not to take any action and follow-up funds?

It is equal to the budget of the state.

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rcookie (Dinar Guru) – PARLIAMENT COMMITTEE REVEALS 0% CORRUPTION CONCERNING JICA LOAN DUE TO DIRECT INVOLVEMENT OF JAPANESE AUTHORITIES TO OVERSEE DIRECT APPLICATION OF FUNDING AND PROJECTS…WHICH IS EXACTLY WHY WB AND IDB ARE ACTING AS DIRECT LENDING AGENTS TO THE PROVINCES IN DEVELOPMENT PROJECT FUNDING EXECUTION… SEE WHAT IS POSSIBLE AND IN FACT HAPPENS WHEN THE CORRUPT CENTRAL IS MINIMIZED OR ELIMINATED FROM THE PROCESS…THINGS GET DONE!

______________________________________________________________

Dinar Updates “After Call – LIVE”!!

“Dinar Q & A Call!!”
Wed. 9/07 “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST

from 8/30 – Smart phone user link – Click here

______________________________________________________________

Washington suggest the IMF projects growth of non – oil sector in Iraq by 2018

Long-Presse / Baghdad – Suggested the US Embassy in Baghdad, on Sunday, the growth of the International Monetary Fund projects sectors is oil in Iraq by the year 2018, and revealed that Iraq is a candidate for accession to the World Trade Organization, and as pointed to the need for the Iraqi government some major reforms, the investment climate to improve, confirmed that the bank international and Washington identified the sectors that could be developed to contribute to attracting investment in Iraq.

A spokesman for the US embassy in Baghdad Kim Dboa in an interview with (long-Presse), said that “Iraq needs financial stability to evolve as the standby credit agreements of the International Monetary Fund and support associated with it will help facilitate a stronger financial position over the next few years, especially with the and a slight rise in oil prices, “returned to” Iraq needs to focus on ensuring the stability of the oil sector and the expansion of non-oil sources of revenue. ”

He Dboa, that “the IMF projects growth in non-oil sectors of Iraq’s economy will slow during the current year 2016, and then begin to rise by the year 2018,” noting that “investing in projects in non-oil production is crucial for the Iraqis.”
.
He predicted Dboa, “the Iraqi economy shift to a more market-oriented economy, being the focus of his business to deal with the international community, including the United States and other trading partners, where keen on belonging to the international community through its cooperation with international organizations including the IMF international and the World Bank, the United Nations and the Arab League, “stressing that” Iraq is a candidate for accession to the World trade Organization. ”

He said US embassy spokesman, said: “Iraq needs to do some major reforms to improve its climate for investment for both Iraqi and foreign parties,” pointing out that “the World Bank and the Government of the United States identified the sectors that will develop them to contribute to attract investment and create jobs and develop the economy Iraqi. ”

He pointed Dboa, that “the International Monetary Fund will provide $ 5.4 billion to Iraq over the next three years, in addition to the plans of the World Bank to help Iraq a loan of an additional value of three billion dollars,” explaining that “this assistance comes in addition to the current loans provided by these institutions which provide billions in support of infrastructure projects and to cover the budget deficit. ”

The Dboa, that “the International Monetary Fund and international donors program among them the United States provided billions of dollars in extra aid for Iraq,” vowing to “the continuation of the United States to work together with the International Monetary Fund, World Bank and others in order to help Iraq achieve financial stability.”

The number of participating countries within the humanitarian aid, stability and remove the mines which was hosted by the United States government in the private donors’ conference (20 July 2016) has been granted Iraq $ 2.1 billion.

The US Embassy in Baghdad, uncovered, on Wednesday (31 August 2016), the trade exchange achieved with Iraq since the beginning of this year until August, totaled more than $ 2.6 billion, and as pointed out that trade between the two countries amounted to 6.6 billion dollars for 2015, pointed out that there is a desire among US companies to invest in Iraq.

______________________________________________________________

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______________________________________________________________

BGG (Dinar Guru) – “…the House of Representatives sent, during the last two days of the amnesty law to the presidency of the republic to see the paragraphs, materials and approved for publication in the Official Gazette.” General Amnesty will be law. I guess it didn’t happen – and get published in the Gazette weeks ago …looks like the next 2 days or so…IMF, WB and UN are behind this. For sure. …things are moving ahead for Iraq DOUBLE TIME…

Read More: http://www.dinarupdates.com/observer/
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Keywords: the local market is witnessing a shortage in Iraqi dinars

BAGHDAD / SNG – The Central Bank of the province on the Keywords day, that the fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars on the local market, pointing out that the Ministry of Finance is selling 80% of dollar revenues to the central bank and then the latter to sell hard Eulma market gets to the Iraqi dinar .

Keywords and said in a press statement that “There is a way out of hard currency out of Iraq because of the security and economic conditions experienced by the country, pointing out that the central bank gives the spearhead of the individual to act in the funds, whether the currency conversion abroad for reasons to travel or invest outside of Iraq.”

And that “the Iraqi dinar is an internal expenses, government contracts and its imports are considered hard currency, pointing out that” fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars in the local market. ”

And that “the Ministry of Finance get foreign exchange earnings increased by 100%, pointing out that the financial sell 80% of foreign currency to the central bank to be put up in the market to sell and get the Iraqi dinar is then cashed in the local market to be traded in terms of the payment of staff salaries “.

He pointed out that “the occurrence of financial crimes and thefts for some banks pay the central bank to intensify actions on the banks to protect the capital, stressing that the central bank has no any auction for the sale of hard currency in the whole of Iraq.”

ARTICLE LINK

______________________________________________________________

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
______________________________________________________________

Prime Minister Dr. Haider Al-Abadi confirms that this year would be the end of the year, gangs, ISIS militarily. We’ll get in Mosul and liberate their land and its people.

Sure Mr Prime Minister Dr. Haider Al-Abadi to the current year would be the end of the year, gangs, ISIS militarily. We’ll get in Mosul and liberate their land and NASA.

He stated his lordship, in his speech during the t-Dex Baghdad) VI, who cares about the creators and owners of minds, we brought the previous conference last year and get him today and during this year achieved more victories and freed up land. Today our troops the heroine Fight on the outskirts of Mosul.

And His Lordship. We fight for our people and humanity against these gangs obscurantism the terrorist into our country from outside of Iraq and the efforts made by our young fighters have achieved such victories.

And keep Dr. Al-Abadi we steadfastly youth in war fronts, and I see them in the battlefields. Although tired, rising temperatures to around 50 degrees, we beat the terrorist gangs and able to walk in the country to safety. and the right way.

And among his lordship to shift that took place some people try to stop her, stressing that security challenge that we face didn’t like him going through the states.

And Chairman of the council of ministers; we did with the beginning of the formation of the government by organizing and restructuring, the army and security devices and plans, strategies and the fight against corruption and that is what got us to the victories achieved by now.

And Dr. Al-Abadi to war and fighting is not an excuse to stop the culture and the arts, even like this important meetings and we need it.

Read More: http://www.dinarupdates.com/showthread.php?40194-Dr-Haider-Al-Abadi-confirms-that-this-year-would-be-the-end-of-ISIS&p=160603#post160603
______________________________________________________________
______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1323.013	1322.351
British pound	GBP	1566.977	1566.194
Canadian dollar	CAD	909.301	908.846
Swiss franc	CHF	1206.492	1205.889
Swedish krona	SEK	138.062	137.993
Norwegian krone	NOK	141.999	141.928
Danish krone	DKK	177.817	177.728
Japanese yen	JPY	11.442	11.437
Special Drawing Rights	SDR	1651.360	1650.535

http://www.cbi.iq/

Indicative rates – 09.06.2016

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

Dinar Daily NEWS Blog – September 5th

Posted on September 5, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-05-16

Currency Auctions Announcement No. 3274

This daily currency auction was held in the Central Bank of Iraq on the 09-05-2016

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$)	127,474,300
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	127,474,300
Total offers for selling (US$)	—–

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

The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant. – Maximilien Robespierre

* Current News *

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite

______________________________________________________________

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

Iraqi banker close to al – Maliki escape $ 6.5 billion

Former Prime Minister Nuri al-Maliki accused in corruption cases

Who is responsible for?

He stressed that it «formally documented and why not to take any action and follow-up funds?

It is equal to the budget of the state.

______________________________________________________________

Dinar Updates “After Call – LIVE”!!

“Dinar Q & A Call!!”
Wed. 9/07 “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST

from 8/30 – Smart phone user link – Click here

______________________________________________________________

Washington suggest the IMF projects growth of non – oil sector in Iraq by 2018

______________________________________________________________

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

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

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

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

Keywords: the local market is witnessing a shortage in Iraqi dinars

ARTICLE LINK

______________________________________________________________

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
______________________________________________________________

Prime Minister Dr. Haider Al-Abadi confirms that this year would be the end of the year, gangs, ISIS militarily. We’ll get in Mosul and liberate their land and its people.

Sure Mr Prime Minister Dr. Haider Al-Abadi to the current year would be the end of the year, gangs, ISIS militarily. We’ll get in Mosul and liberate their land and NASA.

And among his lordship to shift that took place some people try to stop her, stressing that security challenge that we face didn’t like him going through the states.

And Dr. Al-Abadi to war and fighting is not an excuse to stop the culture and the arts, even like this important meetings and we need it.

DU NEWS RECAP by RCookie

(from) THURSDAY SEPTEMBER 2nd, 2016

PARLIAMENT

PARLIAMENT INTEGRITY COMMISSION INTENDS TO QUESTION PM ABADI AND FM JAAFARI AFTER EID HOLIDAY…REFORM PARTY MP BAAJA ASSERTS ZEBARI VOTE OF WITHDRAWAL OF CONFIDENCE WILL TAKE PLACE NEXT TUESDAY…KURDISTAN DEMOCRATIC PARTY ASSERTING TREMENDOUS PRESSURE TO PREVENT SACKING OF MOF ZEBARI…PARLIAMENT ECONOMIC COMMISSION ASSERTS BORDER CROSSING LAW WILL INCREASE IMPORT REVENUES BY TRANSFERRING BORDER POINT OVERSIGHT & ENFORCEMENT TO PROVINCIAL AUTHORITY..PARLIAMENT MEMBER SAADI ASSERTS PARLIAMENT EFFORTS NEED TO BE DIRECTED AT REFORMS INSTEAD OF CONFLICTS & BICKERING CREATING BOTTLENECKS…ECONOMIST & BANKING EXPERT NASIRI CALLS FOR IMMEDIATE IMPLEMENTATION OF SUPREME COUNCIL FOR PRIVATE SECTOR FOLLOWING THE SUCCESS TEMPLATE OF THRIVING NEIGHBORING COUNTRIES INVOLVED IN ECONOMIC POLICY & ACTION DECISION MAKING IN AGRICULTURE, ENERGY, INDUSTRY & TOURISM AS PART OF DIVERSIFYING 2017 BUDGET REVENUES IN LINE WITH IMF MANDATES,…PARLIAMENTARY FINANCE MINISTER HOSSAM ANNOUNCE INTENTION TO REDUCE 2017 BUDGET EXPENDITURES TO ABOUT 80 TRILLION IQD IN LINE WITHY IMF LOI EXPENDITURE REFORMS…PARLIAMENT LEGAL AL-SADOUN ASSERTS AMNESTY LAW WILL BRING RELIEF TO 2017 BUDGET AS RELEASE OF PRISONERS PROVIDE RELIEF FROM STATE REVENUES TO SUPPORT PRISON POPULACE…MASSOUD RATIFIES AMNESTY LAW AS A PRELUDE TO ITS APPLICATION AFTER AMENDMENT TO ARTICLE VIII…KURD MP CHENKALI ASSERTS THAT ZEBARI CHANCES OF SURVIVAL STILL STRONG DUE TO SUPPORT FROM NATIONAL LED BY ALLAWI AND MASS CITIZEN SUPPORT…ABADI RECEIVES CHAIRMAN OF INTEGRITY AND FINAL APPROVAL REITERATES CALL TO RESIGN ACCEPTED JULY 4TH…

SECURITY

UNAMI ANNOUNCES THE DEATH OF 691 IRAQIS IN THE MONTH OF AUGUST…JABOURI VISITS TURKEY AND MEETS WITH ERDOGAN T DISCUSS POST MOSUL LIBERATION STRATEGIES FOR SECURITY AND DISPLACED…CANDIDATES FOR MOD POSITION NARROWED FROM 11 TO 3 AND WILL BE ANNOUNCED AFTER EID HOLIDAY…PENTAGON STATES ISIS ABOUT TO LOSE ITS POSITION & PRESENCE ON TURKISH BORDER…ISF JOINT COMMAND REPORT THE KILLING OF DOZENS ISIS ELEMENTS IN WESTERN QAYYARAH IN SOUTHERN MOSUL OPERATIONS…FRANCE ANNOUNCES CARRYING OUT 344 SORTIES IN LAST 2 MONTHS…

GENERAL

ZEBARI CLAIMS DOCUMENTS HE POSSESSES SHOW EVIDENCE OF FORGED PAPERS FOR TRANSFER OF 6.5 BILLION DOLLARS OUTSIDE OF IRAQ AND IMPLICATE STATE OF LAW MP HAMMAD AL-MOUSSAWI AFTER PROSECUTORS DEMAND IDENTITY…ABADI AND ALLAWI MEET TO DISCUSS MOSUL LIBERATION OPERATION AND CARE FOR DISPLACED…BARZANI DECLARES GRATITUDE FOR THE WARM WELCOME AND SPIRIT OF PRODUCTIVITY & SATISFACTION AT RECENT BAGHDAD MEETINGS WITH ABADI…INTEGRITY ANNOUNCE FOILING 3 SEPARATE SCHEMES ATTEMPTS TO STEAL MORE THAN 44 BILLION IQD FROM RAFIDAIN BANK…ZEBARI DECLARES STATE OF LAW EFFORTS TO OVERTHROW GOVERNMENT…E-COMMERCE COMPLAINT WINDOW OPENS TO HANDLE PROCESSING ISSUES & COMPLAINTS WITH 3 DAY TURN AROUND TIME BY MINISTRY OF TRADE…EUROPEAN UNION WELCOMES ADOPTION OF AMNESTY LAW AND DE-BAATH…SECRETARY GENERAL OF RED CRESCENT SENTENCED FOR IMPROPER CONTRACT ISSUANCE IRREGULARITIES OF $220,000…ABADI CONFIRMS BARZANI STATEMENT OF AGREEMENT BETWEEN ERBIL & BAGHDAD CONCERNING MOSUL LIBERATION OPERATIONS AND FINANCIAL ISSUES…NEW US AMBASSADOR DOUGLAS SELMAN ARRIVES IN BAGHDAD TO BEGIN ACTIVITIES IN NEW ROLE…INTERIOR ANNOUNCES PLAN FOR CREATION OF SPECIAL ISIS PRISONS FOR FEMALES…ABADI CALLS ON INTERIOR MINISTRY TO DEVELOP METHODS OF COMBATING CORRUPTION AND ALLEVIATE SUFFERING OF CITIZENS…ABADI OFFICE ANNOUNCE THE GOV’T HAS ACHIEVED 76% OF LAWS PRESENTED THROUGH COM…ABADI DENIES HE FILED LAWSUIT AGAINST FATLAWI AND VICE CONFIRM GENESIS WAS FROM JUDICIARY…

BUSINESS/ECONOMY/INVESTMENT

OIL AT $48.01 WITH DOLLAR STRENGTH..GOLD AT 216,000 IQD TO THE WEIGHT…SOMO ANNOUNCES OIL EXPORTS FROM SOUTH PORTS AT 3.23 MILLION BPD (98+ MILLION BARRELS) IN AUGUST…MINISTRY OF TRADE ANNOUNCE SIGNING OF CONTRACT WITH IRAN FOR IMPORT OF CONSTRUCTION MATERIALS…BASRA GAS COMPANY ANNOUNCES THE THIRD SHIPMENT OF 1.6 TONS LNG FOR EXPORT…MASSUD ISSUES DECREE RATIFYING AMNESTY LAW PRIOR TO AMENDING ARTICLE VII KIDNAPPING & TERRORISM CLAUSES AND SENDING TO HOUSE..KRG MEETS WITH DELEGATES FROM KOICA (KOREAN INTERNATIONAL COOPERATION AGENCY) & KOREAN INSTITUTE FOR INT’L ECONOMIC POLICY, AND POLITICAL AFFAIRS, IMPORT-EXPORT BANK DIRECTOR AND GOV’T OFFICIALS TO DISCUSS BUSINESS & INVESTMENT NEEDS FOR PROMOTING INVESTMENT OPPORTUNITIES IN KURDISTAN REGION…MINISTRY OF TRANSPORT ASSERTS IMPORTANCE OF BASRA AS INTEGRAL AIR CORRIDOR STRATEGICALLY BRIDGING 3 CONTINENTS OF ASIA, EUROPE & AFRICA…DIWANIYAH GOVERNATE HASNAWI ANNOUNCES DANISH COMPANY SOLENRGI DANIMARK DESIRE TO EXPLORE INVESTMENT PROJECTS SPECIALIZING IN HOUSING, CONSTRUCTION OIL, ELECTRICITY, MINERALS AND ENERGY & PROVINCE INTEREST TO FACILITATE SERVICE, AGRICULTURE AND INDUSTRY SECTORS…WB CONDUCTS WORKSHOP FOR RECONSTRUCTION & DEVELOPMENT PROJECTS FOR SALLAHUDDIN & DIYALA ACTING IN CAPACITY OF DIRECT LENDING AGENT WITH PROVINCES AWAY FROM CENTRAL…
______________________________________________________________

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1323.013	1322.351
British pound	GBP	1566.977	1566.194
Canadian dollar	CAD	909.301	908.846
Swiss franc	CHF	1206.492	1205.889
Swedish krona	SEK	138.062	137.993
Norwegian krone	NOK	141.999	141.928
Danish krone	DKK	177.817	177.728
Japanese yen	JPY	11.442	11.437
Special Drawing Rights	SDR	1651.360	1650.535

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-15-16

In the mountains of truth, you never climb in vain. – Friedrich Nietzsche

*** Current News ***

Central Bank: No category million dollars and we deal

Follow us on twitter @DinarUpdates !!

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Dinar Updates “AFTER CALL – LIVE”!!

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

Iraq:

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

IRAQ

STAFF-MONITORED PROGRAM—PRESS RELEASE; AND STAFF REPORT

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

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.

BGG ~ The above is another one of the documents I referenced on the call last nite. A review of a review – so to speak…

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

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

Indicative rates – 09.15.2016

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-14-16

In the mountains of truth, you never climb in vain. – Friedrich Nietzsche

*** Current News ***

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Q & A Call!!” Thursday – “After Call – LIVE” w/RCookie, Mr White & Hutch 8:30pm EST 641-715-3640 pin#528733

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

Central Bank Governor: we were surprised the IMF reserves surpasses expectations

Statement at the End of an IMF Mission on Iraq

IMF Communications Department

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

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.

BGG ~ The above is another one of the documents I referenced on the call last nite. A review of a review – so to speak…

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

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

The Republic of Iraq – Ministry of Planning

BGG ~ This is a “Rewind” of one of the documents I referred to on the call last nite… If you missed it – click on the “Call Banner” to the right..

Indicative rates – 09.14.2016

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-13-16

No statement should be believed (just) because it is made by an authority. – Robert Heinlein

*** Current News ***

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite

Dinar Updates “AFTER CALL – LIVE”!!

“Dinar Info – TONITE!!” from Friday – “After Call” – w/BGG & “Special Guests” – 8:30pm EST

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

Central Bank Governor: we were surprised the IMF reserves surpasses expectations

Dinar Updates “Q&A – LIVE”!!

“Dinar Q & A Call!!” Wed – “Dinar Q & A” – w/RCookie, Mr White & Hutch – 7:30pm EST

from 9/7 – Smart phone user link – Click here

Statement at the End of an IMF Mission on Iraq

IMF Communications Department

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

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.

BGG ~ The above is another one of the documents I referenced on the call last nite. A review of a review – so to speak…

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

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

The Republic of Iraq – Ministry of Planning

BGG ~ This is a “Rewind” of one of the documents I referred to on the call last nite… If you missed it – click on the “Call Banner” to the right..

Indicative rates – 09.13.2016

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 09-12-16

Government does not solve problems; it subsidizes them. – Ronald Reagan

*** Current News ***

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite

* Current News *

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

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

STAFF-MONITORED PROGRAM—PRESS RELEASE; AND
STAFF REPORT

* Current News *

“Dinar Q & A Call!!”
Thursday – “After Call – LIVE”
w/RCookie, Mr White & Hutch
8:30pm EST 641-715-3640 pin#528733

BGG ~ This is a “Rewind” of one of the documents I referred to on the call last nite…

If you missed it – click on the “Call Banner” to the right..

* Current News *

“Dinar Info – TONITE!!”
from Friday – “After Call” – w/BGG
& “Special Guests” – 8:30pm EST

“Dinar Q & A Call!!”
Wed – “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST

BGG ~ This is a “Rewind” of one of the documents I referred to on the call last nite…

If you missed it – click on the “Call Banner” to the right..

* Current News *

“Dinar Info – TONITE!!”
from Friday – “After Call” – w/BGG
& “Special Guests” – 8:30pm EST

“Dinar Q & A Call!!”
Wed – “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST

BGG ~ This is a “Rewind” of one of the documents I referred to on the call last nite…

If you missed it – click on the “Call Banner” to the right..

* Current News *

“Dinar Info – TONITE!!”
from Friday – “After Call” – w/BGG
& “Special Guests” – 8:30pm EST

“Dinar Q & A Call!!”
Wed – “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST

BGG ~ This is a “Rewind” of one of the documents I referred to on the call last nite…

If you missed it – click on the “Call Banner” to the right..