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…

Greater love has no one than this, than to lay down one’s life for his friends. – John 15:13

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 05-30-16

Currency Auctions Announcement No. 3209

This daily currency auction was held in the Central Bank of Iraq on the 05-30-2016

The results were as follows:

DETAILS	NOTES
Number of banks	29
Number of remittance companies	18
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	127,888,139
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	127,888,139
Total offers for selling (US$)	—–

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

I could never be a conspiracy theorist; conspiracy theorists believe in government competence. – Will Spencer

*** Current News ***

Have a safe and Happy Memorial Day!!

The credit ratings agency: Iraq is agreement with the IMF for a positive credit rating

Economy News / Baghdad agency said credit ratings, “Moody’s”, said the agreement concluded by Iraq and the International Monetary Fund last week, regarding loan demand worth 5.4 billion dollars, a positive credit rating and will improve the liquidity of the government strapped to it.

Moody’s said in a statement, “The agreement will help Iraq to finance the budget deficit and the current account deficit.”

The agreement allows reached last Thursday of additional international aid worth $ 15 billion over the next three years to support an economy hit by the drop in oil prices since mid-2014 and the costly war against al Daash. AJ

Read More: http://www.dinarupdates.com/showthread.php?35183-The-credit-ratings-agency-Iraq-is-agreement-with-the-IMF-for-a-positive-credit-ratin

The document..
Arrest Warrant issued against Ethel Nujaifi

https://www.facebook.com/588012504550567/photos/a.602048833146934.1073741828.588012504550567/1206408246044320/?type=3

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Tuesday evening 7:30pm CST

www.DinarUpdates.com – save as favorite!!

Najib: Iraq ‘s salvation from the financial crisis is to activate the private sector

(Voice of Iraq) – Baghdad – Confirmed member of the Committee of Economy and Investment parliamentary Najiba Najib that “Iraq ‘s salvation from the financial crisis is to activate the private sector.”

Najib said that “activating the private sector in the country is very important for the salvation of Iraq from the suffocating financial crisis,” noting that it ” has to be laws that guarantee the effectiveness of this important sector of legislation.”

She continued , “must also be having a good political environment to enact such laws and the provincial marketing domestic production for the purpose of the walk in front of this important vital sector.”

Read More: http://www.dinarupdates.com/showthread.php?35139-Najib-Iraq-s-salvation-from-the-financial-crisis-is-to-activate-the-private-sector&p=153248#post153248
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 5/23 – 

  Smart phone user link – Click here

______________________________________________________________

Arthur (Dinar Guru) –   ...THERE CAN BE NO REAL ECONOMIC REFORM WITHOUT A REAL SIGNED HCL, AND NOW SUDDENLY KURDISTAN PRESIDENT BARZANI IS ALL BEHIND THE REFORMS AND SENDING HIS DELEGATION WITH ORDERS TO SIGN AND DELIVER. THE PTB IS NOW OUTWARDLY STATING THAT THEY HAVE THE MECHANISM AND SOLUTION TO THE CURRENT ECO-CRISIS IN IRAQ, AND SECURITY IS NOW WITHIN MANAGEABLE PARAMETERS.  IMO WE ARE STILL WAITING ON AT LEAST ONE EVENT.  THERE MUST BE A VOTE ON MALIKI’S LAWSUIT REGARDING THE LEGALITY OF  SOME PARLIAMENT SESSIONS THAT THE STATE OF LAW IS SAYING WERE NOT LEGAL DUE TO LACK OF QUORUM.  ITS MALIKIS LAST DITCH EFFORT… IT WILL ALSO DETERMINE THE FATE OF HIS LONG TIME PARTNER IN CRIME IN THE JUDICIARY MAHMOUD AND WHAT INFLUENCE HE HAS LEFT.   [post 2 of 3….stay tuned]

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

Parliamentary Finance Abadi calls for an end to corruption auction window “sell the currency” in the Central Bank

BAGHDAD / News Network – Iraq face of the Central Bank of Iraq, today, immediately charged to businesses of banking and financial conversion, using “forged documents and not to supplement the local market in hard currency , ” while the parliamentary Finance Committee confirmed that ” the majority of those companies return of Iraqi politicians.” He said the board of the Central Bank board member Ahmed Rehn in a press statement today: ” the role of the private sector and banking offices are still quite negative in the foreign exchange market , ” noting that ” the private sector has been unable to supplement the local market an additional offer of foreign currency , either through export or attracting foreign investment or otherwise, for the preoccupation with obtaining that currency for purposes not inconsistent with the interests of Iraq ‘s economic stability. ” He called Rehn, to” make the banking partner of the Iraqi Central Bank in the foreign exchange market to become as a wholesale foreign currency similar to wholesalers for goods, to provide the needy with traders estimated taking into account national interests , “revealing” non – possession , central bank data or information on how currencies move from selling the currency window or from other sources, the fact that the private sector offers him inaccurate information and false documents. ” The member of the board of the central bank, that” the central bank should not meet all requests for foreign currency because that is draining international reserves quickly , “noting that there are ” shops sell foreign currency and buy what requires the central bank scrutiny exchange companies between now and then. ” Rehn stressed that” the number of exchange companies too big almost can not be with him to the Directorate General for the banking and credit control in the CBI, the monitor , “pointing out that” Iraq lacks a solid firms can monitor banking companies and to ensure its commitment to banking controls. ” for her part , the Finance Committee in the House of Representatives by Magda Tamimi: ” the work of the exchange companies is limited to the transfer of funds abroad without taking into account the balance in the amount of foreign currency emerging and entering the country,” attributed the reasons to ” the fact that the local environment is not encouraging for the survival of these funds inside Iraq, especially that most who have received funds legal or illegal manner , transformed them to invest abroad. ” confirmed al – Tamimi, the” exchange companies did not contribute to the support of monetary policy or development operations inside Iraq, and the central bank not controlled by the only words without deeds, as is the case with the announcement of the provision of the dollar for those who wish to travel abroad for treatment or study. ” I promised a member of the parliamentary finance committee, said : ” misfortune auction currency is still going on despite the drawbacks and the existence of alternatives through practical mechanisms for the dollar, “revealing” certain to prove possession of many politicians and influential banking corporate information. ” She called Tamimi, Prime Minister Haider al – Abadi, to “intervene to stop the currency auction , ” pointing out that “Abadi previously was chairman of the Finance Committee in Parliament and he knows already know the guts and cons auction currency and sweet effective to address the subject in order to serve the national economy.” she Tamimi, “already proposed a system financially sophisticated attended by international experts, and submitted to the secretary of the prime minister, Abu Nofal barns, in November 2015 the past, “Msttrdh” I have not received any response on the proposal so far. ”

Iraqakhbar.com

______________________________________________________________

Arthur (Dinar Guru) –   BASED ON SEVERAL RECENT CORROBORATING, VERIFIABLE ARTICLES AND INFORMATION COMING OUT OF THE ME, WE CAN NOW DETERMINE THAT THE CBI HAS ANNOUNCED THE IMPLEMENTATION OF A NEW ECONOMIC “MECHANISM”, MEANING AN HERETOFORE, UNSEEN  WAY OF DOING BUSINESS GLOBALLY. RECENT ARTICLES ARE NOW ANNOUNCING ALL ROADS ARE LEADING TO A MARKET ECONOMY FOR IRAQ.  THE OVER 20 BILLION DOLLARS IN LOANS AND GUARANTEES FROM THE PTB ARE EVIDENCE THAT, DESPITE THE CURRENT POLITICAL UPHEAVAL, THE CBI/GOI HAS BEEN GIVEN A NEW GREEN LIGHT, TO BECOME FULLY SOVEREIGN ON EVERY LEVEL, POLITICALLY AND ESPECIALLY ECONOMICALLY…SUDDENLY EVERYTHING WE COULD POSSIBLE HOPE TO SEE IS SUDDENLY MATERIALIZING IN IRAQ.   [post 1 of 3….stay tuned]

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

Governor of the Central Bank to attend the parliament session

[Baghdad] We arrived Governor of the Central Bank of Iraq [agency] on the Keywords to a session of parliament, currently held.

It includes the agenda of today’s meeting to discuss the economic situation and the World Bank loan.

Read More: http://www.dinarupdates.com/showthread.php?35167-Governor-of-the-Central-Bank-to-attend-the-parliament-session

______________________________________________________________

Poppy3 (Dinar Guru) –  Article:  “Governor of the Central Bank to attend the parliament session”   I‘M SURE HE IS GOING TO REPORT THEIR PROGRESS AND HOW PREPARED THEY ARE TO MEET THE DEADLINES OF JUNE FOR COMPLETION OF FINANCIAL REFORM AND QUALIFYING FOR THE MASSIVE LOANS FROM THE IMF AND WORLD BANK.  QUESTION STILL REMAINS ARE THEY READY IN EVERY WAY.   LAWS, CURRENCY, QUALIFIED BANKS, AND…RETAILERS THROUGHOUT THE COUNTRY…THE DEADLINE IS CLOSING IN ON THEM FAST…THEY LIKE US NEED ANSWERS.

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

Kurdish blocs announced their support for his reformist Ebadi

BAGHDAD / IBN – Announced Kurdish blocs in the House support for the reforms and solving the problems of legal and constitutional means.

And Zkralmketb media to Deputy Speaker of Parliament Aram Sheikh Mohammed, in a statement on Sunday, received a network of Iraqi transmitter (IBN) copy of it, “Sheikh Mohammed, chaired a meeting of the heads of Kurdish blocs in the House of Representatives, during which they discussed the latest developments of the situation and political developments on the Iraqi arena.” .

The meeting underlined “the importance of maintaining the political process and to represent all the components of the people in decision-making, and the need to intensify efforts by both parties to improve the atmosphere and calm the situation in general.”

Read More: http://www.dinarupdates.com/showthread.php?35140-Kurdish-blocs-announced-their-support-for-his-reformist-Ebadi&p=153249#post153249

______________________________________________________________

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
______________________________________________________________

Thousands of Peshmerga move on ISIS in major offensive

KHAZIR FRONT, Southeast of Mosul – Some 5,000 Peshmerga and Zeravani Special Forces launched a major pre-dawn offensive Sunday, aiming to liberate 10 villages from the Islamic State (ISIS) group and moving a step closer to an anticipated joint offensive on Mosul.

The 4 a.m. offensive began with Kurdish forces divided on eastern and western fronts and advancing toward a clutch of abandoned villages belonging to the Kakei and Shabak Kurdish minorities.

The villages are abandoned: residents fled to the Kurdistan Region when ISIS attacked two years ago.

Before the first light of dawn, the Peshmerga began the multi-pronged attack on villages that are few and far between, their advance slowed by roadside bombs and explosives planted by the militants.

“In the pre-dawn attack hundreds of armored vehicles, tanks, and personnel carriers moved on an asphalt road towards the main front from several different directions,” said Assi Ali, a 48-year-old veteran Peshmerga from Kirkuk.

For the first two hours after the Peshmerga began their assault, the forces faced a constant barrage of mortar fire which fell in thuds, setting off plumes of dust and smoke.

Three Peshmerga fighters were injured by mortars and ISIS shelling.

“ISIS is seeing our forces but we cannot see them because they hide inside civilian homes and in tunnels,” said Dilshad Mawlood, spokesman of the Zeravani forces.

He told Rudaw that, “other than taking the villages, the other goal is to push the ISIS threat further from the town of Khabat, and the third goal is to get closer to the final goal that is Mosul.”

The liberation of Mosul, Iraq’s second-largest city and the ISIS stronghold in the country, has been in the making for months. Iraqi forces and its allied militias, the Peshmerga and US-led coalition forces have been coordinating an anticipated offensive.

Kurdistan Region President Masoud Barzani was reportedly directing the Khazir fighting, according to Aziz Waisi, commander of the Zeravani Special Forces.

“The president called me a while ago to ask about the safety and situation of Peshmerga and asked if the operation goes according to the plan,” he said. Securing the Khazir front, he added, would also bring greater stability to Erbil, the Kurdish capital.

Peshmerga officials told Rudaw that the Khazir front had remained quiet for the large part of the past two years, as battles were focused elsewhere, such as Shingal and Zumar.

Mawlood said that in some places on the frontline, ISIS and the Peshmerga were as close as a kilometer apart.

For the Khazir offensive, the Peshmerga forces convened at the Hassan Sham village, which was taken by ISIS in 2014 and retaken by the Peshmerga in September 2015.

Hundreds of army vehicles and thousands of soldiers had to cross a makeshift bridge — built by the Peshmerga last year because ISIS blew up the main bridge there two years ago.

Some of the Peshmerga in Sunday’s battle are refugees fighting for their own villages.

“I am very happy to help liberate these villages today, because they are Kurds like us,” said First Lt. Hemin Rashid, a Zeravani Peshmerga fighter from Halabja. “After we liberate the village they can return and we will guard them too,” he said.

Rashid was on the front with his father and two brothers. Besides his flak jacket, he carried a magazine vest with 350 rounds of brand new bullets.

The Kurdish troops moved towards the front, passing close to the Zartik mountain that was retaken from ISIS only a year ago.

Zeravani General Aziz Waisi walked among his troops, giving out orders and making sure fully armed soldiers with helmets and heavy machine guns were stationed on every hilltop. Every now and then the Peshmerga let off a mortar shell or a round of heavy caliber machinegun fire at ISIS positions.

The Peshmerga built several new bunkers in territory taken by ISIS only two hours before, and were advancing with tanks and heavy artillery toward an ISIS village, as their snipers took aim at the village, looking for ISIS militants.

“I am looking for militants who are running or looking for cover,” a Peshmerga sniper told Rudaw shortly after smoke was spotted from a village following a coalition airstrike.

Minutes later the sniper steadied his hand and fired a single round.

“I just brought down the ISIS flag,” he said.

The Kurdish forces are accompanied by excavators and loaders which simultaneously dug trenches and erected dirt mounds as the forces moved head.

“They are digging trenches to make sure suicide trucks don’t come this way and then the main confrontation will start,” explained Qadir Hama Saleh, a Peshmerga from Kirkuk.

Sporadic and deadly mortar fire did not deter the hundreds of Peshmerga who kept marching on the main road, stood guard on hilltops or scouted out the forward operations units.

On the night before today’s attack, one Peshmerga was killed in his base on that very front by an ISIS mortar shell.

Rudaw.net

______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1320.058	1319.398
British pound	GBP	1732.103	1731.237
Canadian dollar	CAD	909.021	908.566
Swiss franc	CHF	1193.337	1192.740
Swedish krona	SEK	142.612	142.541
Norwegian krone	NOK	142.218	142.147
Danish krone	DKK	177.507	177.418
Japanese yen	JPY	10.755	10.750
Special Drawing Rights	SDR	1661.691	1660.860

Indicative rates – 05.30.2015

http://www.cbi.iq/

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 05-29-16

Currency Auctions Announcement No. 3208

This daily currency auction was held in the Central Bank of Iraq on the 05-29-2016

The results were as follows:

DETAILS	NOTES
Number of banks	32
Number of remittance companies	18
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	131,736,126
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	131,736,126
Total offers for selling (US$)	—–

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

Courage is rightly esteemed the first of human qualities, because it is the quality that guarantees all others. – Winston Churchill

*** Current News ***

The credit ratings agency: Iraq is agreement with the IMF for a positive credit rating

Economy News / Baghdad agency said credit ratings, “Moody’s”, said the agreement concluded by Iraq and the International Monetary Fund last week, regarding loan demand worth 5.4 billion dollars, a positive credit rating and will improve the liquidity of the government strapped to it.

Moody’s said in a statement, “The agreement will help Iraq to finance the budget deficit and the current account deficit.”

The agreement allows reached last Thursday of additional international aid worth $ 15 billion over the next three years to support an economy hit by the drop in oil prices since mid-2014 and the costly war against al Daash. AJ

Read More: http://www.dinarupdates.com/showthread.php?35183-The-credit-ratings-agency-Iraq-is-agreement-with-the-IMF-for-a-positive-credit-ratin

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Sunday evening 7:30pm CST

www.DinarUpdates.com – save as favorite!!

Najib: Iraq ‘s salvation from the financial crisis is to activate the private sector

(Voice of Iraq) – Baghdad – Confirmed member of the Committee of Economy and Investment parliamentary Najiba Najib that “Iraq ‘s salvation from the financial crisis is to activate the private sector.”

Najib said that “activating the private sector in the country is very important for the salvation of Iraq from the suffocating financial crisis,” noting that it ” has to be laws that guarantee the effectiveness of this important sector of legislation.”

She continued , “must also be having a good political environment to enact such laws and the provincial marketing domestic production for the purpose of the walk in front of this important vital sector.”

Read More: http://www.dinarupdates.com/showthread.php?35139-Najib-Iraq-s-salvation-from-the-financial-crisis-is-to-activate-the-private-sector&p=153248#post153248
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 5/23 – 

  Smart phone user link – Click here

______________________________________________________________

Poppy3 (Dinar Guru) –   [I think they will wait till June 30 @ 11:59 PM.]  I DON’T BECAUSE THERE ARE THINGS POST NEW RATE THEY WILL HAVE TO DO BEFORE FULL RECOGNITION GLOBALLY. I THINK THEY WILL NEED TO POST A NEW RATE AND THEN IT WILL TAKE A FEW DAYS OF PROCESS BEFORE IT WILL BE ACCEPTABLE FOR ANYONE TO EXCHANGE…JUST MY PERSONAL THOUGHTS.  I HOPE I’M WRONG AND THE DAY IT CHANGES IT IS FULLY TRADABLE.  TIME WILL TELL…

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

The Interior Minister thanks demonstrators they postponed their protests

______________________________________________________________

tlm724 (Dinar Guru) –  Article:  “IMF loan makes Iraq subject to international economic standards”  Quotes: “the International Monetary Fund, World Bank and international partners have agreed, in the May 19, 2016, to give Iraq a loan of $ 15 billion at an interest rate of 1.5%”   “Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory.”  mandatory requirements that Iraq MUST abide by, period!   The IMF HAS set conditions to this bailout.

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

Oil Ministry confirm Iraq’s commitment to pay the dues of oil companies

______________________________________________________________

Breitling (Dinar Guru) –  I have not seen one negative move from Iraq that has to do with our investment…speculating on this currency…I want to be very clear about when it comes to Maliki…this is going to hurt some people…if you’ve been talking garbage about Maliki…you’re wrong…Every law Maliki passed had to do with western standards and westernization of developing their country…I’ve never seen any country hit every mark that they need to be doing to absorb the west and the capital that’s coming from the west to be able to hit that restart button.  And what’s going to be a part of that?  The value of the currency that you and I are involved with.  That’s what Maliki did.  But he is not part of the process like he used to be.  How many laws were passed under him that were pro business pro west?  It’s simple math.

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

Kurdish blocs announced their support for his reformist Ebadi

BAGHDAD / IBN – Announced Kurdish blocs in the House support for the reforms and solving the problems of legal and constitutional means.

And Zkralmketb media to Deputy Speaker of Parliament Aram Sheikh Mohammed, in a statement on Sunday, received a network of Iraqi transmitter (IBN) copy of it, “Sheikh Mohammed, chaired a meeting of the heads of Kurdish blocs in the House of Representatives, during which they discussed the latest developments of the situation and political developments on the Iraqi arena.” .

The meeting underlined “the importance of maintaining the political process and to represent all the components of the people in decision-making, and the need to intensify efforts by both parties to improve the atmosphere and calm the situation in general.”

Read More: http://www.dinarupdates.com/showthread.php?35140-Kurdish-blocs-announced-their-support-for-his-reformist-Ebadi&p=153249#post153249

______________________________________________________________

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
______________________________________________________________

Thousands of Peshmerga move on ISIS in major offensive

KHAZIR FRONT, Southeast of Mosul – Some 5,000 Peshmerga and Zeravani Special Forces launched a major pre-dawn offensive Sunday, aiming to liberate 10 villages from the Islamic State (ISIS) group and moving a step closer to an anticipated joint offensive on Mosul.

The 4 a.m. offensive began with Kurdish forces divided on eastern and western fronts and advancing toward a clutch of abandoned villages belonging to the Kakei and Shabak Kurdish minorities.

The villages are abandoned: residents fled to the Kurdistan Region when ISIS attacked two years ago.

Before the first light of dawn, the Peshmerga began the multi-pronged attack on villages that are few and far between, their advance slowed by roadside bombs and explosives planted by the militants.

“In the pre-dawn attack hundreds of armored vehicles, tanks, and personnel carriers moved on an asphalt road towards the main front from several different directions,” said Assi Ali, a 48-year-old veteran Peshmerga from Kirkuk.

For the first two hours after the Peshmerga began their assault, the forces faced a constant barrage of mortar fire which fell in thuds, setting off plumes of dust and smoke.

Three Peshmerga fighters were injured by mortars and ISIS shelling.

“ISIS is seeing our forces but we cannot see them because they hide inside civilian homes and in tunnels,” said Dilshad Mawlood, spokesman of the Zeravani forces.

He told Rudaw that, “other than taking the villages, the other goal is to push the ISIS threat further from the town of Khabat, and the third goal is to get closer to the final goal that is Mosul.”

The liberation of Mosul, Iraq’s second-largest city and the ISIS stronghold in the country, has been in the making for months. Iraqi forces and its allied militias, the Peshmerga and US-led coalition forces have been coordinating an anticipated offensive.

Kurdistan Region President Masoud Barzani was reportedly directing the Khazir fighting, according to Aziz Waisi, commander of the Zeravani Special Forces.

“The president called me a while ago to ask about the safety and situation of Peshmerga and asked if the operation goes according to the plan,” he said. Securing the Khazir front, he added, would also bring greater stability to Erbil, the Kurdish capital.

Peshmerga officials told Rudaw that the Khazir front had remained quiet for the large part of the past two years, as battles were focused elsewhere, such as Shingal and Zumar.

Mawlood said that in some places on the frontline, ISIS and the Peshmerga were as close as a kilometer apart.

For the Khazir offensive, the Peshmerga forces convened at the Hassan Sham village, which was taken by ISIS in 2014 and retaken by the Peshmerga in September 2015.

Hundreds of army vehicles and thousands of soldiers had to cross a makeshift bridge — built by the Peshmerga last year because ISIS blew up the main bridge there two years ago.

Some of the Peshmerga in Sunday’s battle are refugees fighting for their own villages.

“I am very happy to help liberate these villages today, because they are Kurds like us,” said First Lt. Hemin Rashid, a Zeravani Peshmerga fighter from Halabja. “After we liberate the village they can return and we will guard them too,” he said.

Rashid was on the front with his father and two brothers. Besides his flak jacket, he carried a magazine vest with 350 rounds of brand new bullets.

The Kurdish troops moved towards the front, passing close to the Zartik mountain that was retaken from ISIS only a year ago.

Zeravani General Aziz Waisi walked among his troops, giving out orders and making sure fully armed soldiers with helmets and heavy machine guns were stationed on every hilltop. Every now and then the Peshmerga let off a mortar shell or a round of heavy caliber machinegun fire at ISIS positions.

The Peshmerga built several new bunkers in territory taken by ISIS only two hours before, and were advancing with tanks and heavy artillery toward an ISIS village, as their snipers took aim at the village, looking for ISIS militants.

“I am looking for militants who are running or looking for cover,” a Peshmerga sniper told Rudaw shortly after smoke was spotted from a village following a coalition airstrike.

Minutes later the sniper steadied his hand and fired a single round.

“I just brought down the ISIS flag,” he said.

The Kurdish forces are accompanied by excavators and loaders which simultaneously dug trenches and erected dirt mounds as the forces moved head.

“They are digging trenches to make sure suicide trucks don’t come this way and then the main confrontation will start,” explained Qadir Hama Saleh, a Peshmerga from Kirkuk.

Sporadic and deadly mortar fire did not deter the hundreds of Peshmerga who kept marching on the main road, stood guard on hilltops or scouted out the forward operations units.

On the night before today’s attack, one Peshmerga was killed in his base on that very front by an ISIS mortar shell.

Rudaw.net

______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1320.058	1319.398
British pound	GBP	1736.949	1736.081
Canadian dollar	CAD	910.562	910.106
Swiss franc	CHF	1192.735	1192.138
Swedish krona	SEK	142.353	142.282
Norwegian krone	NOK	142.755	142.684
Danish krone	DKK	177.507	177.418
Japanese yen	JPY	10.775	10.769
Special Drawing Rights	SDR	1661.892	1661.061

http://www.cbi.iq/

Indicative rates – 05.29.2015

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 05-25-16

Currency Auctions Announcement No. 3206

This daily currency auction was held in the Central Bank of Iraq on the 05-25-2016

The results were as follows:

DETAILS	NOTES
Number of banks	32
Number of remittance companies	18
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	125,966,131
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	125,966,131
Total offers for selling (US$)	—–

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

Thought, not money, is the real business capital. – Harvey S. Firestone

*** Current News ***

Federal Court rules in favor of al-Jubouri

Roudao – Erbil – The Federal Court dismissed on Wednesday a lawsuit Representatives of the protesters on the legality of the Iraqi Parliament Speaker Salim al-Jubouri.

Read More: http://www.dinarupdates.com/showthread.php?34997-Federal-Court-rules-in-favor-of-al-Jubouri-5-25

RCookie:….98% OF THE GURUS HAD NOT A CLUE OF WHAT THE IMF LOI WAS UNTIL ABOUT 2 MONTHS AGO…AND STILL DO NOT UNDERSTAND WHAT IT SAYS OR CORRELATES TO HOW LONG IRAQ HAS BEEN INVOLVED AND (their) PROGRESS PERSPECTIVE…ANYONE PURPORTING KNOWLEDGE OF DATE OR RATE OR CONFIDENTIAL HIGH LEVEL INTEL…NEEDS TO BE AVOIDED AND IGNORED WITH PREJUDICE!!!!!….

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Wednesday evening 7:30pm CST!!

www.DinarUpdates.com – save as favorite!!

HERE IS AN RCOOKIE RECAP OF RECENT NEWS…

INVESTMENT/BUSINESS

IRAQ OIL PRODUCTION REACHES HISTORIC LEVELS OF 4.7 MBPD…MINISTRY OF TRANSPORTATION KADHIM ANNOUNCE THE GENERAL COMPANY FOR RAILWAYS THE LAUNCH OF INVESTMENT FUNDING FOR RAILWAY BETWEEN BASRA AND IRAN PLAY A MAJOR ROLE IN PROMOTING TRADE…OIL PRICES FALL FOR FIFTH STRAIGHT DAY TO $47.90….IRAN WANTS TO BE PARTY IN RESOLVING IRAQ’S ELECTRICITY PROBLEMS…OIL MINISTRY SPOKESMAN JIHAD CONFIRMS PAYMENT OF DUES TO OIL COMPANIES IN DIRECT RESPONSE TO IMF SBA LOAN CONDITIONS…WASIT SHOPPING 484K TONS OF WHEAT AND EXPECT PRODUCTION OF 800K TONS IN 2016…EXECUTIVE DIRECTOR IRAQI BANKS ASSOC ASSERTS BANKING SECTOR DEVELOPMENT PROMOTES INVESTMENT ACTIVITY…ISX SEES 4TH STRAIGHT SESSION IN DECLINE DRIVEN BY BANKING SECTOR…IRAQ AMBASSADOR TO OPEC AMIRI STATES DEMAND AGAINST SUPPLY IMPROVES OVER FEBRUARY NUMBERS & IRAN’S RETURN TO MARKET LESS IMPACTFUL THAN EXPECTED…IRAQI AIRLINES ANNOUNCES FIRST FARES & SERVICE TO TO AZERBAIJAN…MUNICIPAL MINISTRY DIRECTORATE ANNOUNCES COMPLETION AND OPENING OF INTERMEDIATE SOLID WASTE PROCESSING PLANT IN BASRA…WASIT PROVINCE CHAMBER OF COMMERCE ANNOUNCES THE 1ST INTERNATIONAL EXHIBITION OF ENERGY/ECONOMY/INVESTMENT BANKING & TEXTILE INDUSTRIES TO ADD TO CHINESE & SHANGHAI COMPANIES ALREADY OPERATING …THIS WASIT CONFERENCE SIMILAR TO BASRA ENERGY CONFERENCE ONGOING SINCE 2009…MINISTRY OF LABOR & SOCIAL AFFAIRS ANNOUNCES $25 MILLION FOR IDB LOANS FOR PROJECTS…

AS THEY NAVIGATE THROUGH THE IMF SBA LOANS…POLITICAL & PARLIAMENT SOURCES CONFRONTING SEVERAL CRITICISMS IN LOAN ACQUISITION PROGRAMS…AND NEED FOR ACTIVATING AS AN IMPORTANT PART OF OVERCOMING FINANCIAL CRISIS…AND CALLS TO IMF CONDITIONS TO APPROVING SBA LOANS…WITH ECONOMISTS STATING IT IS OBVIOUS UPON REVIEW IT IS TE CORRECT ACTION GIVEN THE CURRENT MARKET ENVIRONMENT…

DEBATING WHETHER ACQUISITION OF THE SBA LOANS IS THE APPROPRIATE ACTION IN OVERCOMING FINANCIAL CRISIS…AND CONCLUDE RIGHT MOVE..PROVIDED PROPER USE AND APPLICATION OF THE LOAN FUNDS…AND FURTHER INTERNATIONAL & LOCAL MONITORING & OVERSIGHT TIGHTENING AND SCRUTINY…COMPLETE WITH DETECTION MECHANISMS AND CONDITIONS IMPOSED BY IMF WITH FULL TRANSPARENCY AND BE EVALUATED AGAINST THEM….(CREDIT RATINGS)…
______________________________________________________________

Moody’s: financial liquidity Iraq will improve after the IMF loan

Follow-up scales News – She said the agency credit ratings, “Moody’s”, said the agreement concluded by Iraq and the International Monetary Fund, last week, regarding loan demand worth 5.4 billion dollars, a positive credit rating and will improve the liquidity of the government strapped to it.

Moody’s said in a statement that I followed / balances News /, “The agreement will help Iraq to finance the budget deficit and the current account deficit.”

The agreement allows reached last Thursday of additional international aid worth $ 15 billion over the next three years to support an economy hit by the drop in oil prices since mid-2014 and the costly war against Daash Alarhabiy.anthy 29 / D 24

Read More: http://www.dinarupdates.com/showthread.php?34968-Moody-s-financial-liquidity-Iraq-will-improve-after-the-IMF-loan-5-24
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 5/23 – 

  Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) –   Article quote:  “Identified the Presidency of the Council of Representatives and the heads of political blocs next Sunday as the date to hold a parliamentary session.”   LOOKS LIKE WE HAVE A DATE FOR SUNDAY PARLIAMENT SESSION AFTER POLITICAL BLOC MEETINGS THIS MORNING IN ABSENCE OF KURDS…

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

Sunday session includes host Abadi to complete voting on the Cabinet cab

______________________________________________________________

rcookie (Dinar Guru) –   Articles:   “The start of the meeting of the Presidency of the Council of Representatives on Tuesday with the heads of the blocs, but without the presence of Kurdish deputies.”   “Kurdistan Alliance: MPs, ministers will not return to Baghdad until after the implementation of the “benefits“…”  Kurds were absent from attending parliament sessions. Abadi meet with 9 ministers only!  KURDS RETURNING TO BAGHDAD WHEN CHECK IS IN THEIR HANDS AND INK IS DRY….

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

Oil Ministry confirm Iraq’s commitment to pay the dues of oil companies

______________________________________________________________

rcookie (Dinar Guru) –  Article quote:  “The European Union decided to support the Iraqi government and the Kurdistan Regional Government, to address the financial crisis, while the declared support for Iraq and Kurdistan in their war against al “Daash” terrorist.”  SO EU MAKING SOLID COMMITMENT OF SUPPORT FOR KURDISTAN REGION TO OVERCOME FINANCIAL CRISIS…AND PROVIDE SUPPORT FOR THE REFORM OF THE ECONOMIC SYSTEM IN IRAQ & KURD REGION…ENSURE TRANSPARENCY & FAIR DISTRIBUTION OF OIL & GAS RESOURCES.

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

Global agency: Iraq ‘s agreement with the IMF for a positive credit rating

Economy News / Follow-up …. Announced the agency “Moody’s” credit rating, on Monday, said the agreement concluded by Iraq and the International Monetary Fund for a loan under the positive demand for credit rating and will improve the liquidity of the government strapped to it.

The agency said the credit ratings in a statement that “the agreement will help Iraq to finance the budget deficit and the current account deficit.”

Iraq announces receiving a loan from the IMF $ 13 billion
IMF: Iraq may receive a loan under the demand for three years

And got Iraq, (May 17, 2016), on loan from the IMF worth $ 13 billion with interest estimated at 1.5 percent.

Read More:  http://www.dinarupdates.com/showthread.php?34974-Global-agency-Iraq-s-agreement-with-the-IMF-for-a-positive-credit-rating

______________________________________________________________

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
______________________________________________________________

“Economy News” published details of Iraq ‘s agreement with the International Monetary Fund

Economy News / special

An informed source at the Ministry of Finance, on Sunday, details of the agreement concluded by Iraq with the International Monetary Fund.
The source for “Economy News” that the agreement provided for the granting of a loan exceeds the initial $ 5 billion, with the following text of the Convention:

First, the general details

1 – that this agreement is not the first, was preceded by two agreements: one in 2005, and the settlement of Iraq’s obligations with creditors in the Paris Club, and the other in 2008, to address the repercussions of the sharp decline in oil prices at the time.

2 – the value of the loan is 5.4 billion (billion) dollars.

3 – The interest rate on this loan does not exceed 1.5% per annum.

4 – assumed that this loan helps to strengthen the creditworthiness of Iraq, and raise the credit rating, the building “umbrella financial | pave the way for the establishment of the seven major industrialized nations (G7) to provide credit facilities for Iraq amounts could reach more than $ 15 billion. Among these facilities helping Iraq to ease the burden of repayment obligations with the Paris Club, as well as those relating to the payment of international financial obligations. Add to receiving additional financial support from the World Bank, and other countries.

5 – that this loan will help reduce the “extra” in the state budget, the impact of the drop in oil prices, and to follow the procedures help reduce the deficit “total” deficit (ie the total deficit) in the state budget.

Second requirements

1 – that the Iraqi government to take necessary measures to reduce expenditure in the state budget for fiscal year 2016.

2 – take measures to settle the dues of oil companies, and do not let Petrakmha.

3. full salary and allowances for senior subordinate state employees, functional upper grades, and private, to income tax. These range from tax (according to different income segments) between 7.5% to 15% of the total salary and allowances. As for the lower grades, they impose income tax on only the nominal salary, without benefits.

4 – rehabilitation (or restructuring) self-funded public companies.

5. work hard to raise the efficiency and performance of the financial regulatory agencies in the country, at all levels. And impose strict controls on the doors of disposition of this loan.

Third, other information.

1 – There are controls for the collection of public service wages, to take into account the living conditions of low-income people.

2 – will not raise fuel prices (fuels), because oil prices are currently low, and because existing prices are rewarding for the government.

2 – There is no requirement laid off workers in the government sector.

3 – There are no conditions permit stamped on the ration cards, nor salaries of social protection network, and not government subsidies provided to the displaced.

From the above, the social costs are difficult to this Agreement, are those associated with the repercussions of negative to cut public spending (in the absence of almost entirely of institutions capable of allocating available the best possible ways and means of economic resources, and the lack of the ability to pursue a management efficient public money) .. and also those costs associated with the taxation of the salaries of all employees.

As for how to dispose of the amount of the loan, check spent on the purposes for which has been allocated for it originally, and achieve the main objectives of it, the burden of implementation and follow-up in question, it will be the responsibility of the international parties involved and supportive of this agreement (basic degree), and not the responsibility of the Iraqi government alone.

The Finance Minister Hoshyar Zebari announced that, in the (May 19), to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, and as pointed out that the loan will allow securing additional financial assistance to reach about $ 15 billion over the next three years, confirmed the governor CBI, on the Keywords that the annual interest rate of the loan is up to 1.5%.

Read More: http://www.dinarupdates.com/showthread.php?34867-quot-Economy-News-quot-published-details-of-Iraq-s-agreement-with-the-International-Monetary
______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1320.058	1319.398
British pound	GBP	1725.956	1725.093
Canadian dollar	CAD	901.052	900.601
Swiss franc	CHF	1192.013	1191.417
Swedish krona	SEK	141.420	141.349
Norwegian krone	NOK	141.401	141.330
Danish krone	DKK	177.509	177.421
Japanese yen	JPY	10.816	10.811
Special Drawing Rights	SDR	1661.266	1660.435

http://www.cbi.iq/

Indicative rates – 05.25.2015

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 05-23-16

Currency Auctions Announcement No. 3204

This daily currency auction was held in the Central Bank of Iraq on the 05-23-2016

The results were as follows:

DETAILS	NOTES
Number of banks	29
Number of remittance companies	18
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	123,214,409
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	123,214,409
Total offers for selling (US$)	—–

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

Shallow men believe in luck. Strong men believe in cause and effect. – Ralph Waldo Emerson

*** Current News ***

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
5/23 – @ 7:30pm CST

  Smart phone user link – Click here

RCookie synopses from Sunday afternoon…

rcookie: PARLIAMENT

DAWA PARTY HEAD ALI KEYWORDS ASSERTS NEXT PARLIAMENT SESSION WILL VOTE ON TECHNOCRATS…PRESIDENT NATIONAL UNION KURDISTAN BLOC AL TALABANI COMMITS TO ATTEND NEXT PARLIAMENT SESSION…BARZANI MEETS WITH SITTERS FACTION AND DESCRIBES POSITIVE MEETING ON THE NEXT PARLIAMENT SESSION…DAWA PARTY LEADERSHIP CALLING FOR “IRON FIST RESPONSE TO DEMONSTRATOR VIOLATORS OF STATE PROPERTY & INSTITUTIONS…JABOURI TURNS DOWN OFFER TO CONDUCT PARLIAMENT SESSION IN ERBIL PROPOSED BY STATE OF LAW & MALIKI…RAPPORTEUR OF PARLIAMENT STATES PARLIAMENT SESSION CAN CONVENE WITHOUT FEDERAL COURT RULING…PATRIOTIC UNION KURDISTAN ANNOUNCES COMMITMENT TO ATTEND NEXT PARLIAMENT SESSION… SO THE COMMITTEE ABADI USED TO CHAIR ON ECONOMY & INVESTMENT…ANNOUNCES FORMATION OF GROUP WITH EXECUTIVE AUTHORITIES TO RECONSIDER ECONOMIC POLICIES OF THE STATE &CURRENT BUDGET EXPENDITURES…BOLANI STATED THE MINISTRY OF FINANCE WILL PERIODICALLY REVIEWS BUDGET SPENDING EVERY 90 DAYS (DIFFERENT THAN EXISTING BUDGET LAW)…AUDIT OF GOV’T SPENDING AND ABILITY TO INCREASE LOCAL REVENUES AND DRIVE AGRICULTURAL & INDUSTRIAL LOANS & BUSINESS…THE TEAM INCLUDES MEMBERS OF FINANCIAL & ECONOMIC COMMITTEES…MINISTRY OF FINANCE…CBI…AND THE FINANCIAL CONTROL BUREAU…(AND REMEMBER WHO IS OVERSEEING THAT..HINT..IMF)…AND THE TEAM PREPARING A PLAN OF STRATEGY FOR ECONOMIC CHALLENGES..ECONOMIC POLICIES & REPORT TO PARLIAMENT…ABADI OFFICE RENEWS CALL FOR RESUMPTION OF PARLIAMENT SESSIONS…

rcookie: SECURITY

20,000 ISF ARRIVE ON OUTSKIRTS FALLUJAH IN PREPARATION FOR STORMING IMMINENT…FALLUJAH RESIDENTS EVACUATING CITY IN ADVANCE OF ISF APPROACH FOR ISIS LIBERATION CAMPAIGN…STREETS LEADING TO TAHRIR SQUARE REOPENED INCLUDING BRIDGE…PARLIAMENT SECURITY ADDS COMMANDER BAGHDAD OPERATIONS AND SOON HOST ALL SECURITY LEADERS…PESHMERGA CALLING FOR CHEMICAL WEAPON PROTECTION SUPPLIES AFTER REPEATED USE BY ISIS ATTACKS.. CIVIL DEFENSE HEADQUARTERS REOPENS IN WETLANDS….F16’S BOMB ISIS BOOBY TRAPPING COEFFICIENT HEADQUARTERS IN FALLUJAH…ISIS CONTINUES THREATS TO ATTACK HEAVILY POPULATED EUROPEAN MEDITERRANEAN BEACH RESORTS DURING RAMADAN…66 ISIS ELEMENTS KILLED WESTERN FALLUJAH…18 ISIS ELEMENTS KILLED NINEVEH & 15 KILLED IN MOSUL…

rcookie: BUSINESS/FINANCE/ECONOMY

CURRENCY AUCTIONS AT $122 MILLION…IRAQ ANNOUNCES 3RD EXPORT SHIPMENT OF GAS CONDENSATE (C5) FROM SOUTHERN PORT…OBAMA PRAISES ABADI & IRAQ SBA DEAL WITH IMF & TELEPHONE FOR REFORM STATUS…APRIL INFLATION RETRACTS 0.1% WHILE ANNUAL UP TO 2.1% ANBAR, NINEVEH, SALAHUDDIN PROVINCES NOT INCLUDED IN DATA…RAFIDAIN BASRA BRANCH DIRECTOR SENTENCED TO 3 YEARS FOR ILLEGAL LOAN DISBURSEMENT(9 BILLION DINARS) ARTICLE 340 PENAL CODE & RECOVERY OF FUNDS INVOLVED…KURDISTAN AND IRAN SIGN 47 AGREEMENTS OF TOURISM CONTRACTS WITH TRAVEL AGENCIES TO BRING TOURISTS TO IRANIAN KURDISTAN…

rcookie: GENERAL

ABADI OFFICE STATES INVESTIGATION ON DEMONSTRATOR VIOLENCE REVEALS ABSENCE OF DIRECT FIRE ON DEMONSTRATORS & WILL PURSUE VIOLATORS JUDICIALLY…MINISTRY OF EDUCATION REVEAL 514 CERTIFICATED FORGED DURING CURRENT YEAR… DEPUTY US AMBASSADOR JONATHAN COHEN MEETS WITH MALIKI DISCUSS SECURITY & HUMANITARIAN & MILITARY BI LATERAL SUPPORT…”RED CRESCENT” IRAQ’S EQUIVALENT RED CROSS UNDER MICROSCOPE OF FUNDS AND RESTRUCTURE AWAITS ABADI DECISION…PESHMERGA DELEGATION MEETS WITH FRENCH PRESIDENT HOLLANDE…BORDER CROSSING DIRECTORATE & INTEGRITY COMMISSION DECLARES READINESS FOR TREBIL REOPENING AND NEWBORN STATUS TO WORK…SADR BEING DESCRIBED AS DONALD TRUMP OF IRAQ IN NEWSPAPERS…APRIL SALARIES TO BEGIN DISTRIBUTION FOR KURD REGIO NEXT WEEK…IRAQ CALLS FOR JORDAN TO EXTRADITE CRIMINALS AND INCLUDES SADAAM DAUGHTER RAGHAD HUSSEIN…ABADI STATES “WE DON’T HAVE THE MONEY TO REBUILD RAMADI”…
______________________________________________________________

Iraq received the first of the beginning of July the international loan installment

Financial Advisor to the Prime Minister announced the appearance of Mohammed Saleh, said Iraq will receive the first batch of early next July, the international loan, which is not less than six hundred million dollars.

Saleh said that the total amount of the loan of $ 5.4 billion, pointing out that he payout in the form of thirteen batch, thus indicating that the type of loan to be accessible and with few benefits of up to 1.6%.

Saleh pointed out that the disbursement of the loan will be made in many ways the main ones relate Palmhmolin subsidies and social care as well as investment projects, pointing out not to prejudice the ration cards and the amounts of the displaced.

He said that for the benefit of Basra on a special loan of half a billion, was one of the tasks of the IMF mission to Iraq, with respect to a share of the Kurdistan region of the loan, it will be according to the Iraqi Constitution without specifying further details.

The International Monetary Fund had recently agreed to lend Iraq $ 13 billion to meet the financial needs.

And the impact of falling oil prices on global markets since June 2014, largely on the Iraqi economy, which relies on oil to finance more than 90% of state spending, as well as the large costs of the war against the terrorist organization Daash.

Read More: http://www.dinarupdates.com/showthread.php?34872-Iraq-received-the-first-of-the-beginning-of-July-the-international-loan-installment&p=152808#post152808
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Wednesday evening 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!

______________________________________________________________

wmawhite (Dinar Guru) –    Quote:  “Direct: agency Fitch Ratings said Friday that Iraq has an agreement with the IMF will open the way to get more international support and the possibility of issuing bonds to global markets.”  issuing bonds to global markets.   Folks…this is Fitch talking about Iraq (CBI) entering the global bond market. And who is Fitch?  “Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data…With dual headquarters in London and New York, Fitch Group is majority owned by Hearst…”  On those bonds…having them backed by other countries makes them a sure thing…6% to 8% on multiple millions is sweet. IMO…the gears on this thing are a turning…all of this activity will be a change in the status of the IQD.

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

We have reached an agreement with the Kurdistan Region to open the central bank in Arbil 

______________________________________________________________

rcookie (Dinar Guru) –   …JUST LIKE THE 2010 CUSTOMS TARIFFS EVERYONE QUESTIONED AND DOUBTED…THE $2 BILLION EUROBOND PROGRAM WAS NEVER AN OPTION…IT WAS AND IS 100% EXECUTING…IT IS IN THE EXISTING 2016 BUDGET…AND IS NOW EVEN MORE CERTAIN THAN EVER BECAUSE THE BONDS HAVE BEEN GUARANTEED BY THE US GOV’T…AND THE 2016 BUDGET IS 100% EXECUTABLE…WITH EXCEPTION!!

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

Abadi: The government has planned a strategy to face the economic challenge

______________________________________________________________

wmawhite (Dinar Guru) –  All of this activity shows me that Iraq is moving further and further along in the process of entering the economy markets …and the effect of all of this activity will be a change in the status of the IQD as to how the world markets deal with the CBI and it’s banks…IMO, there has been a change in the status of Iraq within the international financial community…and why do I state this? Because…articles are talking about it…

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

“Economy News” published details of Iraq ‘s agreement with the International Monetary Fund

Economy News / special

An informed source at the Ministry of Finance, on Sunday, details of the agreement concluded by Iraq with the International Monetary Fund.
The source for “Economy News” that the agreement provided for the granting of a loan exceeds the initial $ 5 billion, with the following text of the Convention:

First, the general details

1 – that this agreement is not the first, was preceded by two agreements: one in 2005, and the settlement of Iraq’s obligations with creditors in the Paris Club, and the other in 2008, to address the repercussions of the sharp decline in oil prices at the time.

2 – the value of the loan is 5.4 billion (billion) dollars.

3 – The interest rate on this loan does not exceed 1.5% per annum.

4 – assumed that this loan helps to strengthen the creditworthiness of Iraq, and raise the credit rating, the building “umbrella financial | pave the way for the establishment of the seven major industrialized nations (G7) to provide credit facilities for Iraq amounts could reach more than $ 15 billion. Among these facilities helping Iraq to ease the burden of repayment obligations with the Paris Club, as well as those relating to the payment of international financial obligations. Add to receiving additional financial support from the World Bank, and other countries.

5 – that this loan will help reduce the “extra” in the state budget, the impact of the drop in oil prices, and to follow the procedures help reduce the deficit “total” deficit (ie the total deficit) in the state budget.

Second requirements

1 – that the Iraqi government to take necessary measures to reduce expenditure in the state budget for fiscal year 2016.

2 – take measures to settle the dues of oil companies, and do not let Petrakmha.

3. full salary and allowances for senior subordinate state employees, functional upper grades, and private, to income tax. These range from tax (according to different income segments) between 7.5% to 15% of the total salary and allowances. As for the lower grades, they impose income tax on only the nominal salary, without benefits.

4 – rehabilitation (or restructuring) self-funded public companies.

5. work hard to raise the efficiency and performance of the financial regulatory agencies in the country, at all levels. And impose strict controls on the doors of disposition of this loan.

Third, other information.

1 – There are controls for the collection of public service wages, to take into account the living conditions of low-income people.

2 – will not raise fuel prices (fuels), because oil prices are currently low, and because existing prices are rewarding for the government.

2 – There is no requirement laid off workers in the government sector.

3 – There are no conditions permit stamped on the ration cards, nor salaries of social protection network, and not government subsidies provided to the displaced.

From the above, the social costs are difficult to this Agreement, are those associated with the repercussions of negative to cut public spending (in the absence of almost entirely of institutions capable of allocating available the best possible ways and means of economic resources, and the lack of the ability to pursue a management efficient public money) .. and also those costs associated with the taxation of the salaries of all employees.

As for how to dispose of the amount of the loan, check spent on the purposes for which has been allocated for it originally, and achieve the main objectives of it, the burden of implementation and follow-up in question, it will be the responsibility of the international parties involved and supportive of this agreement (basic degree), and not the responsibility of the Iraqi government alone.

The Finance Minister Hoshyar Zebari announced that, in the (May 19), to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, and as pointed out that the loan will allow securing additional financial assistance to reach about $ 15 billion over the next three years, confirmed the governor CBI, on the Keywords that the annual interest rate of the loan is up to 1.5%.

Read More: http://www.dinarupdates.com/showthread.php?34867-quot-Economy-News-quot-published-details-of-Iraq-s-agreement-with-the-International-Monetary

______________________________________________________________

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
______________________________________________________________

On the Keywords: We have reached an agreement with the Kurdistan Region to open the central bank in Arbil

The governor of the Iraqi Central Bank, on the Keywords, in an exclusive interview with Roudao Media Network, the central government held talks with the Prime Minister of the Kurdistan Region, Nechirvan Barzani, was agreed to open a central bank in the Kurdistan Region has all the requirements and specifications, and to be part of the bank CBI, pointing out that the Kurdistan region has the right to obtain 17% of the foreign loans obtained by Iraq.

The following is a transcript of the interview:

Roudao: What is the role of the central bank in solving the current economic crisis?

On the Keywords: the central bank represents a fundamental pillar of economic policy in the country, along with fiscal policy, and since the country’s resources have dropped significantly, and in particular since 2015, played a central bank and still plays an important role in trying to overcome the current financial crisis, through his purchase of treasury transfers issued by the Ministry of Finance and purchased by banks, the central bank re deducted, which now stood at more than 12 trillion dinars, as well as the Central Bank allowed the use of 50% of the bank’s reserves has to buy money orders, with an estimated up to 4 trillion dinars.

Roudao: Is the central bank distract from the reserves at the moment?

Keywords: central bank banned it according to the law that will provide loans to the government, but the central bank can buys money orders or bonds from the secondary market, not from the government directly, that is, when there are money orders issued by the government purchased by banks, can the central bank rediscount, because of the great financial crisis, the banks can not cover all of these transfers continuously.

Roudao: Is the central bank managed to put up securities to obtain financing and bridging the budget deficit?

Products: There are two types of bonds, including the State Department, which tried to Iraq last year promote them outside the country, but Iraq ran into the problem of high interest rates on these bonds, reaching more than 11%, the point of the central bank’s view is not to go into it, because of rising interest rates , and Iraq does not need a dollar, but in need of the Iraqi dinar, because most expenditures in the state budget covers the dinar, so it was our proposal to resort to the local national bonds in Iraqi dinars, which have the benefit of the citizen and covers the need Dinars nor endured high benefits, has recently been agreement to begin offering these bonds.

Roudao: Do you have to put up securities in the global markets for future plans?

Keywords: Yes, after the United States and the World Bank has given the possibility to do to guarantee part of the bond, and when it will land benefits dramatically, at that time we can issue bonds in the international markets, the size of the bond is currently before a start is two billion dollars, and if he could Iraq that the process of market interest rate is suitable, you may think to continue asking other bonds also Bmiliran, and whenever possible, depending on the interest and the conditions and duration.

Roudao: What is the reason for the instability of the Iraqi dinar?

Keywords: reserve central bank is affected by spending the government directly, and if the government is spending more than revenues, the borrowing process to cover the deficit, and this borrowing, which reached today to the large sums of money meant indirectly is pumping cash into the market, there are other factors influenced by exchange rate , a juvenile political and security developments, the situation of stability has a direct impact on exchange rates, and watched the dinar exchange rate in recent instability, where he gave a letter in which a kind of anxiety and fear for the Iraqi people.

Roudao: What is the latest information about your dealings with the International Monetary Fund and World Bank, and what is the size of the loans granted to Iraq?

Keywords: a while ago and the Finance Ministry and the central bank hold in-depth talks with the International Monetary Fund, the search mechanism and conditions of loans, Mtaattlebatt the International Monetary Fund and the conditions are the same orientations of the Iraqi government, because the government is trying to reform public finances of the state structure through the rationalization of expenditures, increase revenue, with maintain employees’ salaries, but the contrary, the IMF wants to emphasize that the Iraqi government does not affect these expenses.

Roudao: What is expected to be granted by the International Monetary Fund for Iraq in 2016 amount?

Keywords: Iraq is expected to happen this year at $ 7 billion, or more than that, at present there are international approach to support Iraq, They are determine these amounts based on the accounts relating to Walkers financial situation, and may be moving in the circumstances, but in principle in the next two years could be that Iraq gets $ 15 billion, and these amounts can say that they have become almost certain.

Roudao: Are there any plans to give a portion of the loans to the Kurdistan Region?

Keywords: agreement, which happened with the Kurdistan Region within the state budget, is to take the region of 17% of total expenditures, so these loans and get it Iraq, as well as bonds, are included in it, because this total expenditure by Iraq, originally came from these loans and certainly the region’s share exist, because Iraq whenever the amount spent is the region’s share of 17%, and if Iraq got the loans and grants for the purposes of spending, when it’s share of the Kurdistan region to be 17% of the total spending.

Roudao: Do you expect to reach the Kurdistan Regional Government to deal with the Iraqi government on the public budget?

Keywords: I got in the recent period some contacts mission between the Kurdistan Regional Government, the federal government, and there is a tendency and desire to solve problems related to, but recent political circumstances had a negative impact on the continuation of the negotiations, and we hope in the coming days to resume talks between the federal government and the Kurdistan Regional Government, and to reach an agreement satisfactory to both parties.

Roudao: How would you describe the relations between the Kurdistan Regional Government and the Iraqi government in the economic field, and what is the level of your dealings with the banks of the Kurdistan Region?

Keywords: central bank being meetings with the Kurdistan Regional Government at a very high level, in order to be the central bank’s real role in the region, including helping to found the banking sector development and support of financial institutions, and provides a legal, financial, and regulatory and supervisory cover is very important, and this hurt mainly the first is in the interest of the Kurdistan region, nor can any geographical area that the banks operate without there being a central bank have linked the presence of these banks, and can deal through it.

Roudao: Do you confess banks in the territory of Kurdistan and do you consider within the branches of the Central Bank?

Keywords: branches found within the territory of Kurdistan present their situation does not represent a part or a branch of the Central Bank of Iraq, and this confuses the work and does not help the region that provides the proper framework for the briefing to operate the banking and financial institutions in the Kurdistan region, so we had talks with the Prime Minister of the Kurdistan Region, Nechirvan Barzani, and we agreed that there is a real central bank in the Kurdistan region, and to be part of the Central Bank of Iraq, and has all the requirements and specifications, currently we do the detailed procedures relating to this trend.

Read More: http://www.dinarupdates.com/showthread.php?34538-Keywords-We-have-reached-agreement-with-Kurdistan-Region-open-central-bank-in-Erbil
______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1326.086	1325.423
British pound	GBP	1723.238	1722.376
Canadian dollar	CAD	899.817	899.367
Swiss franc	CHF	1192.494	1191.898
Swedish krona	SEK	141.844	141.773
Norwegian krone	NOK	142.047	141.976
Danish krone	DKK	178.310	178.221
Japanese yen	JPY	10.745	10.740
Special Drawing Rights	SDR	1661.691	1660.860

Indicative rates – 05.23.2015

http://www.cbi.iq/

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 05-22-16

Currency Auctions Announcement No. 3203

This daily currency auction was held in the Central Bank of Iraq on the 05-22-2016

The results were as follows:

DETAILS	NOTES
Number of banks	25
Number of remittance companies	18
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	122,419,114
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	122,419,114
Total offers for selling (US$)	—–

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

Quality is not an act, it is a habit.

— Aristotle

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” w/Millionday in the DU CHAT ROOM – Sunday evening 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!

RCookie synopses for Sunday afternoon…

rcookie: PARLIAMENT

DAWA PARTY HEAD ALI KEYWORDS ASSERTS NEXT PARLIAMENT SESSION WILL VOTE ON TECHNOCRATS…PRESIDENT NATIONAL UNION KURDISTAN BLOC AL TALABANI COMMITS TO ATTEND NEXT PARLIAMENT SESSION…BARZANI MEETS WITH SITTERS FACTION AND DESCRIBES POSITIVE MEETING ON THE NEXT PARLIAMENT SESSION…DAWA PARTY LEADERSHIP CALLING FOR “IRON FIST RESPONSE TO DEMONSTRATOR VIOLATORS OF STATE PROPERTY & INSTITUTIONS…JABOURI TURNS DOWN OFFER TO CONDUCT PARLIAMENT SESSION IN ERBIL PROPOSED BY STATE OF LAW & MALIKI…RAPPORTEUR OF PARLIAMENT STATES PARLIAMENT SESSION CAN CONVENE WITHOUT FEDERAL COURT RULING…PATRIOTIC UNION KURDISTAN ANNOUNCES COMMITMENT TO ATTEND NEXT PARLIAMENT SESSION… SO THE COMMITTEE ABADI USED TO CHAIR ON ECONOMY & INVESTMENT…ANNOUNCES FORMATION OF GROUP WITH EXECUTIVE AUTHORITIES TO RECONSIDER ECONOMIC POLICIES OF THE STATE &CURRENT BUDGET EXPENDITURES…BOLANI STATED THE MINISTRY OF FINANCE WILL PERIODICALLY REVIEWS BUDGET SPENDING EVERY 90 DAYS (DIFFERENT THAN EXISTING BUDGET LAW)…AUDIT OF GOV’T SPENDING AND ABILITY TO INCREASE LOCAL REVENUES AND DRIVE AGRICULTURAL & INDUSTRIAL LOANS & BUSINESS…THE TEAM INCLUDES MEMBERS OF FINANCIAL & ECONOMIC COMMITTEES…MINISTRY OF FINANCE…CBI…AND THE FINANCIAL CONTROL BUREAU…(AND REMEMBER WHO IS OVERSEEING THAT..HINT..IMF)…AND THE TEAM PREPARING A PLAN OF STRATEGY FOR ECONOMIC CHALLENGES..ECONOMIC POLICIES & REPORT TO PARLIAMENT…ABADI OFFICE RENEWS CALL FOR RESUMPTION OF PARLIAMENT SESSIONS…

rcookie: SECURITY

20,000 ISF ARRIVE ON OUTSKIRTS FALLUJAH IN PREPARATION FOR STORMING IMMINENT…FALLUJAH RESIDENTS EVACUATING CITY IN ADVANCE OF ISF APPROACH FOR ISIS LIBERATION CAMPAIGN…STREETS LEADING TO TAHRIR SQUARE REOPENED INCLUDING BRIDGE…PARLIAMENT SECURITY ADDS COMMANDER BAGHDAD OPERATIONS AND SOON HOST ALL SECURITY LEADERS…PESHMERGA CALLING FOR CHEMICAL WEAPON PROTECTION SUPPLIES AFTER REPEATED USE BY ISIS ATTACKS.. CIVIL DEFENSE HEADQUARTERS REOPENS IN WETLANDS….F16’S BOMB ISIS BOOBY TRAPPING COEFFICIENT HEADQUARTERS IN FALLUJAH…ISIS CONTINUES THREATS TO ATTACK HEAVILY POPULATED EUROPEAN MEDITERRANEAN BEACH RESORTS DURING RAMADAN…66 ISIS ELEMENTS KILLED WESTERN FALLUJAH…18 ISIS ELEMENTS KILLED NINEVEH & 15 KILLED IN MOSUL…

rcookie: BUSINESS/FINANCE/ECONOMY

CURRENCY AUCTIONS AT $122 MILLION…IRAQ ANNOUNCES 3RD EXPORT SHIPMENT OF GAS CONDENSATE (C5) FROM SOUTHERN PORT…OBAMA PRAISES ABADI & IRAQ SBA DEAL WITH IMF & TELEPHONE FOR REFORM STATUS…APRIL INFLATION RETRACTS 0.1% WHILE ANNUAL UP TO 2.1% ANBAR, NINEVEH, SALAHUDDIN PROVINCES NOT INCLUDED IN DATA…RAFIDAIN BASRA BRANCH DIRECTOR SENTENCED TO 3 YEARS FOR ILLEGAL LOAN DISBURSEMENT(9 BILLION DINARS) ARTICLE 340 PENAL CODE & RECOVERY OF FUNDS INVOLVED…KURDISTAN AND IRAN SIGN 47 AGREEMENTS OF TOURISM CONTRACTS WITH TRAVEL AGENCIES TO BRING TOURISTS TO IRANIAN KURDISTAN…

rcookie: GENERAL

ABADI OFFICE STATES INVESTIGATION ON DEMONSTRATOR VIOLENCE REVEALS ABSENCE OF DIRECT FIRE ON DEMONSTRATORS & WILL PURSUE VIOLATORS JUDICIALLY…MINISTRY OF EDUCATION REVEAL 514 CERTIFICATED FORGED DURING CURRENT YEAR… DEPUTY US AMBASSADOR JONATHAN COHEN MEETS WITH MALIKI DISCUSS SECURITY & HUMANITARIAN & MILITARY BI LATERAL SUPPORT…”RED CRESCENT” IRAQ’S EQUIVALENT RED CROSS UNDER MICROSCOPE OF FUNDS AND RESTRUCTURE AWAITS ABADI DECISION…PESHMERGA DELEGATION MEETS WITH FRENCH PRESIDENT HOLLANDE…BORDER CROSSING DIRECTORATE & INTEGRITY COMMISSION DECLARES READINESS FOR TREBIL REOPENING AND NEWBORN STATUS TO WORK…SADR BEING DESCRIBED AS DONALD TRUMP OF IRAQ IN NEWSPAPERS…APRIL SALARIES TO BEGIN DISTRIBUTION FOR KURD REGIO NEXT WEEK…IRAQ CALLS FOR JORDAN TO EXTRADITE CRIMINALS AND INCLUDES SADAAM DAUGHTER RAGHAD HUSSEIN…ABADI STATES “WE DON’T HAVE THE MONEY TO REBUILD RAMADI”…
______________________________________________________________

Iraq received the first of the beginning of July the international loan installment

Financial Advisor to the Prime Minister announced the appearance of Mohammed Saleh, said Iraq will receive the first batch of early next July, the international loan, which is not less than six hundred million dollars.

Saleh said that the total amount of the loan of $ 5.4 billion, pointing out that he payout in the form of thirteen batch, thus indicating that the type of loan to be accessible and with few benefits of up to 1.6%.

Saleh pointed out that the disbursement of the loan will be made in many ways the main ones relate Palmhmolin subsidies and social care as well as investment projects, pointing out not to prejudice the ration cards and the amounts of the displaced.

He said that for the benefit of Basra on a special loan of half a billion, was one of the tasks of the IMF mission to Iraq, with respect to a share of the Kurdistan region of the loan, it will be according to the Iraqi Constitution without specifying further details.

The International Monetary Fund had recently agreed to lend Iraq $ 13 billion to meet the financial needs.

And the impact of falling oil prices on global markets since June 2014, largely on the Iraqi economy, which relies on oil to finance more than 90% of state spending, as well as the large costs of the war against the terrorist organization Daash.

Read More: http://www.dinarupdates.com/showthread.php?34872-Iraq-received-the-first-of-the-beginning-of-July-the-international-loan-installment&p=152808#post152808

______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 5/12 – @ 7:30pm CST

  Smart phone user link – Click here

______________________________________________________________

wmawhite (Dinar Guru) –    Quote:  “Direct: agency Fitch Ratings said Friday that Iraq has an agreement with the IMF will open the way to get more international support and the possibility of issuing bonds to global markets.”  issuing bonds to global markets.   Folks…this is Fitch talking about Iraq (CBI) entering the global bond market. And who is Fitch?  “Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data…With dual headquarters in London and New York, Fitch Group is majority owned by Hearst…”  On those bonds…having them backed by other countries makes them a sure thing…6% to 8% on multiple millions is sweet. IMO…the gears on this thing are a turning…all of this activity will be a change in the status of the IQD.

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

We have reached an agreement with the Kurdistan Region to open the central bank in Arbil 

______________________________________________________________

rcookie (Dinar Guru) –   …JUST LIKE THE 2010 CUSTOMS TARIFFS EVERYONE QUESTIONED AND DOUBTED…THE $2 BILLION EUROBOND PROGRAM WAS NEVER AN OPTION…IT WAS AND IS 100% EXECUTING…IT IS IN THE EXISTING 2016 BUDGET…AND IS NOW EVEN MORE CERTAIN THAN EVER BECAUSE THE BONDS HAVE BEEN GUARANTEED BY THE US GOV’T…AND THE 2016 BUDGET IS 100% EXECUTABLE…WITH EXCEPTION!!

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

Abadi: The government has planned a strategy to face the economic challenge

______________________________________________________________

wmawhite (Dinar Guru) –  All of this activity shows me that Iraq is moving further and further along in the process of entering the economy markets …and the effect of all of this activity will be a change in the status of the IQD as to how the world markets deal with the CBI and it’s banks…IMO, there has been a change in the status of Iraq within the international financial community…and why do I state this? Because…articles are talking about it…

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

“Economy News” published details of Iraq ‘s agreement with the International Monetary Fund

Economy News / special

An informed source at the Ministry of Finance, on Sunday, details of the agreement concluded by Iraq with the International Monetary Fund.
The source for “Economy News” that the agreement provided for the granting of a loan exceeds the initial $ 5 billion, with the following text of the Convention:

First, the general details

1 – that this agreement is not the first, was preceded by two agreements: one in 2005, and the settlement of Iraq’s obligations with creditors in the Paris Club, and the other in 2008, to address the repercussions of the sharp decline in oil prices at the time.

2 – the value of the loan is 5.4 billion (billion) dollars.

3 – The interest rate on this loan does not exceed 1.5% per annum.

4 – assumed that this loan helps to strengthen the creditworthiness of Iraq, and raise the credit rating, the building “umbrella financial | pave the way for the establishment of the seven major industrialized nations (G7) to provide credit facilities for Iraq amounts could reach more than $ 15 billion. Among these facilities helping Iraq to ease the burden of repayment obligations with the Paris Club, as well as those relating to the payment of international financial obligations. Add to receiving additional financial support from the World Bank, and other countries.

5 – that this loan will help reduce the “extra” in the state budget, the impact of the drop in oil prices, and to follow the procedures help reduce the deficit “total” deficit (ie the total deficit) in the state budget.

Second requirements

1 – that the Iraqi government to take necessary measures to reduce expenditure in the state budget for fiscal year 2016.

2 – take measures to settle the dues of oil companies, and do not let Petrakmha.

3. full salary and allowances for senior subordinate state employees, functional upper grades, and private, to income tax. These range from tax (according to different income segments) between 7.5% to 15% of the total salary and allowances. As for the lower grades, they impose income tax on only the nominal salary, without benefits.

4 – rehabilitation (or restructuring) self-funded public companies.

5. work hard to raise the efficiency and performance of the financial regulatory agencies in the country, at all levels. And impose strict controls on the doors of disposition of this loan.

Third, other information.

1 – There are controls for the collection of public service wages, to take into account the living conditions of low-income people.

2 – will not raise fuel prices (fuels), because oil prices are currently low, and because existing prices are rewarding for the government.

2 – There is no requirement laid off workers in the government sector.

3 – There are no conditions permit stamped on the ration cards, nor salaries of social protection network, and not government subsidies provided to the displaced.

From the above, the social costs are difficult to this Agreement, are those associated with the repercussions of negative to cut public spending (in the absence of almost entirely of institutions capable of allocating available the best possible ways and means of economic resources, and the lack of the ability to pursue a management efficient public money) .. and also those costs associated with the taxation of the salaries of all employees.

As for how to dispose of the amount of the loan, check spent on the purposes for which has been allocated for it originally, and achieve the main objectives of it, the burden of implementation and follow-up in question, it will be the responsibility of the international parties involved and supportive of this agreement (basic degree), and not the responsibility of the Iraqi government alone.

The Finance Minister Hoshyar Zebari announced that, in the (May 19), to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, and as pointed out that the loan will allow securing additional financial assistance to reach about $ 15 billion over the next three years, confirmed the governor CBI, on the Keywords that the annual interest rate of the loan is up to 1.5%.

Read More: http://www.dinarupdates.com/showthread.php?34867-quot-Economy-News-quot-published-details-of-Iraq-s-agreement-with-the-International-Monetary

______________________________________________________________

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
______________________________________________________________

On the Keywords: We have reached an agreement with the Kurdistan Region to open the central bank in Arbil

The governor of the Iraqi Central Bank, on the Keywords, in an exclusive interview with Roudao Media Network, the central government held talks with the Prime Minister of the Kurdistan Region, Nechirvan Barzani, was agreed to open a central bank in the Kurdistan Region has all the requirements and specifications, and to be part of the bank CBI, pointing out that the Kurdistan region has the right to obtain 17% of the foreign loans obtained by Iraq.

The following is a transcript of the interview:

Roudao: What is the role of the central bank in solving the current economic crisis?

On the Keywords: the central bank represents a fundamental pillar of economic policy in the country, along with fiscal policy, and since the country’s resources have dropped significantly, and in particular since 2015, played a central bank and still plays an important role in trying to overcome the current financial crisis, through his purchase of treasury transfers issued by the Ministry of Finance and purchased by banks, the central bank re deducted, which now stood at more than 12 trillion dinars, as well as the Central Bank allowed the use of 50% of the bank’s reserves has to buy money orders, with an estimated up to 4 trillion dinars.

Roudao: Is the central bank distract from the reserves at the moment?

Keywords: central bank banned it according to the law that will provide loans to the government, but the central bank can buys money orders or bonds from the secondary market, not from the government directly, that is, when there are money orders issued by the government purchased by banks, can the central bank rediscount, because of the great financial crisis, the banks can not cover all of these transfers continuously.

Roudao: Is the central bank managed to put up securities to obtain financing and bridging the budget deficit?

Products: There are two types of bonds, including the State Department, which tried to Iraq last year promote them outside the country, but Iraq ran into the problem of high interest rates on these bonds, reaching more than 11%, the point of the central bank’s view is not to go into it, because of rising interest rates , and Iraq does not need a dollar, but in need of the Iraqi dinar, because most expenditures in the state budget covers the dinar, so it was our proposal to resort to the local national bonds in Iraqi dinars, which have the benefit of the citizen and covers the need Dinars nor endured high benefits, has recently been agreement to begin offering these bonds.

Roudao: Do you have to put up securities in the global markets for future plans?

Keywords: Yes, after the United States and the World Bank has given the possibility to do to guarantee part of the bond, and when it will land benefits dramatically, at that time we can issue bonds in the international markets, the size of the bond is currently before a start is two billion dollars, and if he could Iraq that the process of market interest rate is suitable, you may think to continue asking other bonds also Bmiliran, and whenever possible, depending on the interest and the conditions and duration.

Roudao: What is the reason for the instability of the Iraqi dinar?

Keywords: reserve central bank is affected by spending the government directly, and if the government is spending more than revenues, the borrowing process to cover the deficit, and this borrowing, which reached today to the large sums of money meant indirectly is pumping cash into the market, there are other factors influenced by exchange rate , a juvenile political and security developments, the situation of stability has a direct impact on exchange rates, and watched the dinar exchange rate in recent instability, where he gave a letter in which a kind of anxiety and fear for the Iraqi people.

Roudao: What is the latest information about your dealings with the International Monetary Fund and World Bank, and what is the size of the loans granted to Iraq?

Keywords: a while ago and the Finance Ministry and the central bank hold in-depth talks with the International Monetary Fund, the search mechanism and conditions of loans, Mtaattlebatt the International Monetary Fund and the conditions are the same orientations of the Iraqi government, because the government is trying to reform public finances of the state structure through the rationalization of expenditures, increase revenue, with maintain employees’ salaries, but the contrary, the IMF wants to emphasize that the Iraqi government does not affect these expenses.

Roudao: What is expected to be granted by the International Monetary Fund for Iraq in 2016 amount?

Keywords: Iraq is expected to happen this year at $ 7 billion, or more than that, at present there are international approach to support Iraq, They are determine these amounts based on the accounts relating to Walkers financial situation, and may be moving in the circumstances, but in principle in the next two years could be that Iraq gets $ 15 billion, and these amounts can say that they have become almost certain.

Roudao: Are there any plans to give a portion of the loans to the Kurdistan Region?

Keywords: agreement, which happened with the Kurdistan Region within the state budget, is to take the region of 17% of total expenditures, so these loans and get it Iraq, as well as bonds, are included in it, because this total expenditure by Iraq, originally came from these loans and certainly the region’s share exist, because Iraq whenever the amount spent is the region’s share of 17%, and if Iraq got the loans and grants for the purposes of spending, when it’s share of the Kurdistan region to be 17% of the total spending.

Roudao: Do you expect to reach the Kurdistan Regional Government to deal with the Iraqi government on the public budget?

Keywords: I got in the recent period some contacts mission between the Kurdistan Regional Government, the federal government, and there is a tendency and desire to solve problems related to, but recent political circumstances had a negative impact on the continuation of the negotiations, and we hope in the coming days to resume talks between the federal government and the Kurdistan Regional Government, and to reach an agreement satisfactory to both parties.

Roudao: How would you describe the relations between the Kurdistan Regional Government and the Iraqi government in the economic field, and what is the level of your dealings with the banks of the Kurdistan Region?

Keywords: central bank being meetings with the Kurdistan Regional Government at a very high level, in order to be the central bank’s real role in the region, including helping to found the banking sector development and support of financial institutions, and provides a legal, financial, and regulatory and supervisory cover is very important, and this hurt mainly the first is in the interest of the Kurdistan region, nor can any geographical area that the banks operate without there being a central bank have linked the presence of these banks, and can deal through it.

Roudao: Do you confess banks in the territory of Kurdistan and do you consider within the branches of the Central Bank?

Keywords: branches found within the territory of Kurdistan present their situation does not represent a part or a branch of the Central Bank of Iraq, and this confuses the work and does not help the region that provides the proper framework for the briefing to operate the banking and financial institutions in the Kurdistan region, so we had talks with the Prime Minister of the Kurdistan Region, Nechirvan Barzani, and we agreed that there is a real central bank in the Kurdistan region, and to be part of the Central Bank of Iraq, and has all the requirements and specifications, currently we do the detailed procedures relating to this trend.

Read More: http://www.dinarupdates.com/showthread.php?34538-Keywords-We-have-reached-agreement-with-Kurdistan-Region-open-central-bank-in-Erbil
______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1323.485	1322.824
British pound	GBP	1729.975	1729.110
Canadian dollar	CAD	901.189	900.739
Swiss franc	CHF	1194.663	1194.066
Swedish krona	SEK	141.542	141.471
Norwegian krone	NOK	141.408	141.337
Danish krone	DKK	177.969	177.880
Japanese yen	JPY	10.739	10.733
Special Drawing Rights	SDR	1662.388	1661.557

http://www.cbi.iq/

Indicative rates – 05.22.2015

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 05-19-16

Currency Auctions Announcement No. 3202

This daily currency auction was held in the Central Bank of Iraq on the 05-19-2016

The results were as follows:

DETAILS	NOTES
Number of banks	31
Number of remittance companies	18
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	136,198,003
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	136,198,003
Total offers for selling (US$)	—–

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

Just because something doesn’t do what you planned it to do doesn’t mean it’s useless. – Thomas Edison

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Saturday evening 7:30pm CST!!

www.DinarUpdates.com – save as favorite!!

Rafidain Bank announces financial achievements in the provision of banking services

(Independent) .. Rafidain Bank reviewed the financial achievements in the provision of banking services to state institutions and citizens and other sectors.

The Director – General spokesman Kamal al – Hassani said the bank At the fifth anniversary after the seventieth anniversary, which coincides with the nineteenth of this month managed to achieve sophisticated financial achievements compared to the previous departments.

He noted that the bank ‘s shares in the adoption of the electronic card (ironing Card – MasterCard) in pensions and groups other covered by using advanced banking technology for users of the card in all its branches inside and outside Alarac.adavh to pushing staff private courses to develop Mlakathm up experience in the fields of employment financial and banking and access to international banking experiences in this regard.

Hassani said that the bank has contributed in collaboration with the Central Bank to provide a dollar coin to citizens for multiple purposes and its own resources and in accordance with the conditions set by the Central Bank. And develop a plan for expansion and opening up to the banks of the world and provided necessary facilities for employees and retirees ..

With regard to the granting of loans and advances noted , many of which provide for them under the conditions covered by the law and regulations, in addition to that it has started to open new branches in the country to provide services to its customers.

As between Hassani and the presence of many of the bank ‘s achievements and it will supplement the media out later.

Read More: http://www.dinarupdates.com/showthread.php?34611-Rafidain-Bank-announces-financial-achievements-in-the-provision-of-banking-services
______________________________________________________________

Parliamentary Finance rejects the dictates of the International Monetary Fund

He criticized the parliamentary finance committee member Ahmed Sarhan Sarhan, Sunday, the dictates of the International Monetary Fund and invite them to reduce the federal budget in exchange for the agreed loan already disbursed.

Said Sarhan “The budget is a federal law in force, voted by the House of Representatives after extensive discussion, and can not be amended only through a veto of the law of the Federal Court and sent back to parliament to amend it according to specific paragraphs, or through a proposal submitted signed by fifty deputy to modify it according to specific conditions.”

“The budget can not cut it, they originally are compressed, and the employees and retirees and the card Altamonah and fuel subsidies salaries allocations are a red line can not be compromised.”

He said the “international loan believe that there was no risk of him any, because it represents an agreement signed between the IMF and the Iraqi government.”

Ahmad noted that “we reject any dictates or conditions established by the International Monetary Fund in exchange for submitting a loan has been agreed in advance to help Iraq,” pointing out that “the stenosis or the imposition of conditions and interventions or dictations are things that can not be accepted, which is unacceptable,” stressing that “the IMF international, said he wanted to help Iraq without conditions, we welcome them. ”

Read More: http://www.dinarupdates.com/showthread.php?34521-Parliamentary-Finance-rejects-the-dictates-of-the-International-Monetary-Fund&p=152294#post152294

______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 5/12 – @ 7:30pm CST

  Smart phone user link – Click here

______________________________________________________________

wmawhite (Dinar Guru) –   Article:  “Urgent .. Iraq gets a financial certificate enables him to deal with international banks with high confidence”   To me, it implies that previous to this action…Iraq (CBI/its banks) were unable to deal with international banks.   so, now they can?  This implies, yes, now they can. This implies change…is this part of the process of entering the economy markets?   i think it is quite reasonable to assume so.  [Won’t this be also a chance for the dinar to international now?]  technically…the dinar is international…it is the currency of a sovereign country…it is already accepted by other countries too, such as India. But, what you may be asking about, once the IMF gives its “Good House Keeping Seal of Approval”…Artice 8, more countries will agree to accept/exchange the IQD as part of Iraq settling foreign remittances.

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

We have reached an agreement with the Kurdistan Region to open the central bank in Arbil 

______________________________________________________________

BGG (Dinar Guru) –   based on their NEED… (according to Alak) – they would benefit great from a “value enhanced” Dinar. Their internal purchasing power would be greater – just like your and mine.   they are pointing out… in a vague sort of way, they don’t need USD – they need more Dinar, a more powerful Dinar because they need purchasing power in their own country – for their own projects.Simple.   …they are almost shouting “THEY NEED VALUE”… do you think they would achieve value and withhold it from the world?

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

Abadi: The government has planned a strategy to face the economic challenge

______________________________________________________________

wmawhite (Dinar Guru) –  there are soooo many indicators out here that gives us reason to believe the IMF knew what it was speaking about…  All of this activity shows me that Iraq is moving further and further along in the process of entering the economy markets …and the effect of all of this activity will be a change in the status of the IQD as to how the world markets deal with the CBI and it’s banks…

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

Federal Court calls on the parties to the appeal proceedings Bgelsta Parliament to provide answers in 15 days

[Oan- Baghdad] The Federal Supreme Court issued Tuesday, a letter to all parties to challenge the constitutionality of two sessions of the House of Representatives meetings, lawsuits last month to provide their answers in accordance with legal terms in order to be resolved as soon as possible, stressing that its going to be open for all, including the public.

The spokesman for the judiciary Judge Abdul Sattar Bayraktar said in a statement received by all of Iraq [where] a copy of it, that “the Federal Supreme Court met in its entirety today, and decided to address a letter to the parties held on 13 and 16 of the last month, suits, regarding the appeal the constitutionality of two sessions of meetings, the House of Representatives last month. ”

He said Bayraktar, that “the parties to the lawsuit and sent them all the notifications in accordance with the provisions of Article [2 / I] of the Rules of Procedure of the Court of the Supreme Federal No. 1 for the year 2005,” noting that “this article stipulates [of the lawsuit and documents to the discount needs to be answered liberation during a period not exceeding 15 days from the date of notification. ”

And between, “The court called upon all the parties and their agents answer on what was in these cases and provide what they have all the means within the period specified in that article to prove the allegation or exile.”

He pointed out that “actions come in order for the court to set a date for the defense in these proceedings, which will be public meetings for all parties to lawsuits and their agents and the public wishing to attend and then resolve claims under the provisions of the Constitution and the laws and regulations in force as soon as possible.”

Bayraktar stressed that this comes “in recognition of the circumstances that Iraq is going through and the commitment of the specific responsibilities of the Federal Supreme Court in the Constitution, laws and regulations.”

The Federal Supreme Court has announced the receipt of last Thursday, lawsuits to challenge the constitutionality of the two sessions of the House of Representatives sessions held in the month of April.

Thanks Bobby!! – 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

______________________________________________________________

On the Keywords: We have reached an agreement with the Kurdistan Region to open the central bank in Arbil

The governor of the Iraqi Central Bank, on the Keywords, in an exclusive interview with Roudao Media Network, the central government held talks with the Prime Minister of the Kurdistan Region, Nechirvan Barzani, was agreed to open a central bank in the Kurdistan Region has all the requirements and specifications, and to be part of the bank CBI, pointing out that the Kurdistan region has the right to obtain 17% of the foreign loans obtained by Iraq.

The following is a transcript of the interview:

Roudao: What is the role of the central bank in solving the current economic crisis?

On the Keywords: the central bank represents a fundamental pillar of economic policy in the country, along with fiscal policy, and since the country’s resources have dropped significantly, and in particular since 2015, played a central bank and still plays an important role in trying to overcome the current financial crisis, through his purchase of treasury transfers issued by the Ministry of Finance and purchased by banks, the central bank re deducted, which now stood at more than 12 trillion dinars, as well as the Central Bank allowed the use of 50% of the bank’s reserves has to buy money orders, with an estimated up to 4 trillion dinars.

Roudao: Is the central bank distract from the reserves at the moment?

Keywords: central bank banned it according to the law that will provide loans to the government, but the central bank can buys money orders or bonds from the secondary market, not from the government directly, that is, when there are money orders issued by the government purchased by banks, can the central bank rediscount, because of the great financial crisis, the banks can not cover all of these transfers continuously.

Roudao: Is the central bank managed to put up securities to obtain financing and bridging the budget deficit?

Products: There are two types of bonds, including the State Department, which tried to Iraq last year promote them outside the country, but Iraq ran into the problem of high interest rates on these bonds, reaching more than 11%, the point of the central bank’s view is not to go into it, because of rising interest rates , and Iraq does not need a dollar, but in need of the Iraqi dinar, because most expenditures in the state budget covers the dinar, so it was our proposal to resort to the local national bonds in Iraqi dinars, which have the benefit of the citizen and covers the need Dinars nor endured high benefits, has recently been agreement to begin offering these bonds.

Roudao: Do you have to put up securities in the global markets for future plans?

Keywords: Yes, after the United States and the World Bank has given the possibility to do to guarantee part of the bond, and when it will land benefits dramatically, at that time we can issue bonds in the international markets, the size of the bond is currently before a start is two billion dollars, and if he could Iraq that the process of market interest rate is suitable, you may think to continue asking other bonds also Bmiliran, and whenever possible, depending on the interest and the conditions and duration.

Roudao: What is the reason for the instability of the Iraqi dinar?

Keywords: reserve central bank is affected by spending the government directly, and if the government is spending more than revenues, the borrowing process to cover the deficit, and this borrowing, which reached today to the large sums of money meant indirectly is pumping cash into the market, there are other factors influenced by exchange rate , a juvenile political and security developments, the situation of stability has a direct impact on exchange rates, and watched the dinar exchange rate in recent instability, where he gave a letter in which a kind of anxiety and fear for the Iraqi people.

Roudao: What is the latest information about your dealings with the International Monetary Fund and World Bank, and what is the size of the loans granted to Iraq?

Keywords: a while ago and the Finance Ministry and the central bank hold in-depth talks with the International Monetary Fund, the search mechanism and conditions of loans, Mtaattlebatt the International Monetary Fund and the conditions are the same orientations of the Iraqi government, because the government is trying to reform public finances of the state structure through the rationalization of expenditures, increase revenue, with maintain employees’ salaries, but the contrary, the IMF wants to emphasize that the Iraqi government does not affect these expenses.

Roudao: What is expected to be granted by the International Monetary Fund for Iraq in 2016 amount?

Keywords: Iraq is expected to happen this year at $ 7 billion, or more than that, at present there are international approach to support Iraq, They are determine these amounts based on the accounts relating to Walkers financial situation, and may be moving in the circumstances, but in principle in the next two years could be that Iraq gets $ 15 billion, and these amounts can say that they have become almost certain.

Roudao: Are there any plans to give a portion of the loans to the Kurdistan Region?

Keywords: agreement, which happened with the Kurdistan Region within the state budget, is to take the region of 17% of total expenditures, so these loans and get it Iraq, as well as bonds, are included in it, because this total expenditure by Iraq, originally came from these loans and certainly the region’s share exist, because Iraq whenever the amount spent is the region’s share of 17%, and if Iraq got the loans and grants for the purposes of spending, when it’s share of the Kurdistan region to be 17% of the total spending.

Roudao: Do you expect to reach the Kurdistan Regional Government to deal with the Iraqi government on the public budget?

Keywords: I got in the recent period some contacts mission between the Kurdistan Regional Government, the federal government, and there is a tendency and desire to solve problems related to, but recent political circumstances had a negative impact on the continuation of the negotiations, and we hope in the coming days to resume talks between the federal government and the Kurdistan Regional Government, and to reach an agreement satisfactory to both parties.

Roudao: How would you describe the relations between the Kurdistan Regional Government and the Iraqi government in the economic field, and what is the level of your dealings with the banks of the Kurdistan Region?

Keywords: central bank being meetings with the Kurdistan Regional Government at a very high level, in order to be the central bank’s real role in the region, including helping to found the banking sector development and support of financial institutions, and provides a legal, financial, and regulatory and supervisory cover is very important, and this hurt mainly the first is in the interest of the Kurdistan region, nor can any geographical area that the banks operate without there being a central bank have linked the presence of these banks, and can deal through it.

Roudao: Do you confess banks in the territory of Kurdistan and do you consider within the branches of the Central Bank?

Keywords: branches found within the territory of Kurdistan present their situation does not represent a part or a branch of the Central Bank of Iraq, and this confuses the work and does not help the region that provides the proper framework for the briefing to operate the banking and financial institutions in the Kurdistan region, so we had talks with the Prime Minister of the Kurdistan Region, Nechirvan Barzani, and we agreed that there is a real central bank in the Kurdistan region, and to be part of the Central Bank of Iraq, and has all the requirements and specifications, currently we do the detailed procedures relating to this trend.

Read More: http://www.dinarupdates.com/showthread.php?34538-Keywords-We-have-reached-agreement-with-Kurdistan-Region-open-central-bank-in-Erbil

______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1333.178	1332.511
British pound	GBP	1711.772	1710.917
Canadian dollar	CAD	914.295	913.837
Swiss franc	CHF	1201.708	1201.107
Swedish krona	SEK	142.604	142.532
Norwegian krone	NOK	143.685	143.614
Danish krone	DKK	179.257	179.167
Japanese yen	JPY	10.791	10.785
Special Drawing Rights	SDR	1664.445	1663.613

Indicative rates – 05.20.2015

http://www.cbi.iq/

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 05-18-16

Currency Auctions Announcement No. 3201

This daily currency auction was held in the Central Bank of Iraq on the 05-18-2016

The results were as follows:

DETAILS	NOTES
Number of banks	27
Number of remittance companies	18
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	110,969,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	110,969,000
Total offers for selling (US$)	—–

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

There are no compacts between lions and men, and wolves and sheep have no concord. – Homer

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Wednesday evening 7:30pm CST!!

www.DinarUpdates.com – save as favorite!!

Jubouri Announces Extension of the current chapter Sharii of Parliament to one month

BAGHDAD / News Network Iraq – announced Parliament Speaker Salim al – Jubouri , the extension of the current chapter Sharii of Parliament to a month Ahd.ozkr a statement his office today: “Based on the powers vested in the President of the House of Representatives, according to the Article 58 of the Constitution, it was decided to extend the current legislative term of the House of Representatives and therefore the urgent need to complete reforms and legislation necessary necessary in the interests of the country ‘s supreme . “The President of the Republic Fuad Masum, the face on Monday, to call for the House of Representatives need to extend the current legislative term of one month from the end of the current dismissal date of the end of the month of May Gara.oppema extension will be a legislative recess to parliament one month [July] .ouget Federal Supreme Court on Tuesday, a letter to all parties to challenge the constitutionality of two sessions of the House of Representatives meetings , lawsuits last month to submit their answers in accordance with legal terms in order to be resolved as soon as possible, stressing that its going to be open for all, including the public.

Read More: http://www.dinarupdates.com/showthread.php?34536-Jubouri-Announces-Extension-of-the-current-chapter-Sharii-of-Parliament-to-one-month
______________________________________________________________

Parliamentary Finance rejects the dictates of the International Monetary Fund

He criticized the parliamentary finance committee member Ahmed Sarhan Sarhan, Sunday, the dictates of the International Monetary Fund and invite them to reduce the federal budget in exchange for the agreed loan already disbursed.

Said Sarhan “The budget is a federal law in force, voted by the House of Representatives after extensive discussion, and can not be amended only through a veto of the law of the Federal Court and sent back to parliament to amend it according to specific paragraphs, or through a proposal submitted signed by fifty deputy to modify it according to specific conditions.”

“The budget can not cut it, they originally are compressed, and the employees and retirees and the card Altamonah and fuel subsidies salaries allocations are a red line can not be compromised.”

He said the “international loan believe that there was no risk of him any, because it represents an agreement signed between the IMF and the Iraqi government.”

Ahmad noted that “we reject any dictates or conditions established by the International Monetary Fund in exchange for submitting a loan has been agreed in advance to help Iraq,” pointing out that “the stenosis or the imposition of conditions and interventions or dictations are things that can not be accepted, which is unacceptable,” stressing that “the IMF international, said he wanted to help Iraq without conditions, we welcome them. ”

Read More: http://www.dinarupdates.com/showthread.php?34521-Parliamentary-Finance-rejects-the-dictates-of-the-International-Monetary-Fund&p=152294#post152294

______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 5/12 – @ 7:30pm CST

  Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) –   …ANYONE SUBSCRIBE TO THE TWIN SHIITE BROTHERS WEDDING COMING OUT TOGETHER THEORY.  IF THERE IS 1 CONSISTENT…PERVASIVELY IMPORTANT ECONOMIC INDICATORS SHABIBI…TURKI…IRAQI ECONOMISTS…AND OTHER COUNTRIES (ESPECIALLY IRANS) CENTRAL BANK GOVERNORS…STATE AS KEY TO MONETARY AND CURRENCY VALUE REFORM IN INTERVIEWS AND STATEMENTS IT IS…  …A PRE SANCTION LIFTING ARTICLE… FROM INTERVIEW LAST JUNE WITH IRANS CENTRAL BANK GOVERNOR…WHO SAID THAT POST SANCTION CONSIDERATION OF CURRENCY REVALUATION FROM IRAN COULD NOT EVEN BE CONSIDERED UNTIL THEIR INFLATION RATE WAS STABILIZED AND UNDER CONTROL….

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

We have reached an agreement with the Kurdistan Region to open the central bank in Arbil 

______________________________________________________________

Millionday (Dinar Guru) –   Article quote:  “Political likely that the House of Representatives held its meeting tomorrow amid positive reactions by the Kurds in the presence of the next parliament sessions, confirming everyone ‘s agreement on the need to extend the legislative term and to continue the political process…”  TUESDAY IS SEEN AS A SURE THING…THEY MET ON SUNDAY AND THIS MONDAY NEWS SO THEY ARE REFERRING TO TUESDAY…ALL ARE IN AND THIS INCLUDES THE KURDS…IT APPEARS TO ME AS MONEY IS INVOLVED.   THE LEGISLATION IS ALL THAT IS ON THE SHELF…THIS IS TO MOVE FORWARD WITH REFORMS OBVIOUSLY.   SO WHERE WE ARE IS THAT THE ECONOMIC AND POLITICAL REFORM IS BEING RESOLVED IN THE NEXT FEW DAYS AND THIS IS TIME TO PRAY AND HOPE THAT NOTHING HAPPENS AND THEY MOVE FORWARD.  THIS IS FANTASTIC NEWS…VERY ENCOURAGING TO SAY THE LEAST…

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

Abadi: The government has planned a strategy to face the economic challenge

______________________________________________________________

Poppy3 (Dinar Guru) –   they are trying to complete the list of TO DO’S THEY WERE ISSUED MONTHS AGO TO GAIN GLOBAL ECONOMICALLY RECOGNIZED.  AS I have said the IMF stated the time line ALL WE can do is pray they complete the task for them to meet the issued time table.  today and for many days lately we see them placing things in motion in fast mode to meet the time in june they are to move to a GLOBAL market ECONOMY.  ITS IS EXTREMELY ENCOURAGING AND NOW WITHIN THEIR REACH.

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

Federal Court calls on the parties to the appeal proceedings Bgelsta Parliament to provide answers in 15 days

[Oan- Baghdad] The Federal Supreme Court issued Tuesday, a letter to all parties to challenge the constitutionality of two sessions of the House of Representatives meetings, lawsuits last month to provide their answers in accordance with legal terms in order to be resolved as soon as possible, stressing that its going to be open for all, including the public.

The spokesman for the judiciary Judge Abdul Sattar Bayraktar said in a statement received by all of Iraq [where] a copy of it, that “the Federal Supreme Court met in its entirety today, and decided to address a letter to the parties held on 13 and 16 of the last month, suits, regarding the appeal the constitutionality of two sessions of meetings, the House of Representatives last month. ”

He said Bayraktar, that “the parties to the lawsuit and sent them all the notifications in accordance with the provisions of Article [2 / I] of the Rules of Procedure of the Court of the Supreme Federal No. 1 for the year 2005,” noting that “this article stipulates [of the lawsuit and documents to the discount needs to be answered liberation during a period not exceeding 15 days from the date of notification. ”

And between, “The court called upon all the parties and their agents answer on what was in these cases and provide what they have all the means within the period specified in that article to prove the allegation or exile.”

He pointed out that “actions come in order for the court to set a date for the defense in these proceedings, which will be public meetings for all parties to lawsuits and their agents and the public wishing to attend and then resolve claims under the provisions of the Constitution and the laws and regulations in force as soon as possible.”

Bayraktar stressed that this comes “in recognition of the circumstances that Iraq is going through and the commitment of the specific responsibilities of the Federal Supreme Court in the Constitution, laws and regulations.”

The Federal Supreme Court has announced the receipt of last Thursday, lawsuits to challenge the constitutionality of the two sessions of the House of Representatives sessions held in the month of April.

Thanks Bobby!! – 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

______________________________________________________________

Tariq al-Hashimi, former Iraqi VP, removed from Interpol’s red notice

ERBIL, Kurdistan Region – Tariq al-Hashimi, former vice president of Iraq and a prominent Sunni leader who was convicted of murder and later sentenced to death under former Iraqi Prime Minister Nouri al-Maliki, was reportedly taken off of Interpol’s red notice list on Monday.

Hashimi, a Sunni and former Iraqi vice president, received multiple death penalties on terrorism charges in an absentia trial in December 2011 under the previous Shiite-led government of then Prime Minister Nouri al-Maliki.

Hashimi had insisted that he was innocent and that the terrorism charges against him were politically motivated. He escaped to the Kurdistan Region, and then to Qatar before settling in Turkey.

Interpol’s investigation committee has reportedly announced that there were suspicions about the information given against Hashimi and, therefore, it was decreed that Hashimi should be removed from the red notice list.

“The Interpol decree is evidence that charges the Iraqi authorities accused me of in order to sentence me [to death] were not accurate,” Hashimi has said, quoted by news agencies.
The Interpol red notice for Hashimi represented an international alert to all of Interpol’s 190 member countries to seek their help in locating and arresting him, following the issue of a national arrest warrant by Iraq’s Judicial Investigative Authority as part of an investigation in which security forces seized bomb-making materials and arrested other individuals.

Following accusations of involvement in the bombing of the Iraqi Council of Ministers in 2011, Hashimi reportedly tried to escape to the Kurdistan Region.

Days after the withdrawal of US troops in Iraq, Maliki’s government began arresting prominent Sunni politicians and dissidents under anti-terrorism and de-Baathification laws, which deepened the sectarian divisions between Sunni and Shiite factions in the country.

Rudaw.net

BGG ~ Wow?!? Big news here… Interpol isn’t on board with the corruption in Iraq.

______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1337.788	1337.119
British pound	GBP	1710.945	1710.090
Canadian dollar	CAD	917.346	916.887
Swiss franc	CHF	1207.848	1207.244
Swedish krona	SEK	143.509	143.438
Norwegian krone	NOK	—–	—–
Danish krone	DKK	179.843	179.753
Japanese yen	JPY	10.842	10.837
Special Drawing Rights	SDR	1666.655	1665.822

http://www.cbi.iq/

 

Indicative rates – 05.18.2015

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