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.
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Mrs. BGG
Iraqi Dinar/Dollar auction 01-05-17 (most recent listing)
Currency Auctions Announcement No. 3353
This daily currency auction was held in the Central Bank of Iraq on the 1-5-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 158,915,838 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 158,915,838 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Those who expect to reap the blessings of freedom must, like men, undergo the fatigue of supporting it. – Thomas Paine
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An invitation to support the dinar and the strengthening of its purchasing power
BAGHDAD / Mustafa Hashimi – Strengthening of the local currency is a national task they represent the sovereignty of Iraq and preservation of state stimuli represents a great responsibility lies with the relevant authorities in the light of a series of challenges taking place in the country.
Economic academic Dr. Essam Mahouelle called to be 2017 years to strengthen the dinar ‘s purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict foreign business dealings only in dollars.
And ways to revive the dinar and upgrade more than its value saw Mahouelle in an interview {Sabah »necessity of things , management of the country economic mentality and purely look long – term, along with the importance Quote economic experiences of states have passed similar circumstances to what Iraq is going through, as well as the reduction of trading the dollar in commercial transactions Interior to support the national currency.
Mahouelle be regulated by the Central Bank and coordination with economic authorities and relevant ministries confirmed role in enhancing the value of the dinar by preventing the circulation of foreign currency in the local commerce for any reason whatsoever and counted only in foreign trade, indicating the importance that civil and government banks take measures that will strengthen the dealing in Iraqi dinar .
It is said that the sale price of the dollar on Monday amounted to 1310 dinars, ie 131 000 dinars, for a hundred dollars, while the total purchase price in 1300 dinars, ie 130 000 dinars, for a hundred dollars.
Mahouelle said that the decline in the value of the dinar against the dollar, in fact, began the war with Iran and the invasion of Kuwait, stressing that the policies of the former regime burned all the hopes of Iraqi economists to amend the path of the local economic situation and guide the country ‘s resources towards development.
He said, since the nineties of the last century and the days of international sanctions and the dollar dominates the local market transactions away from the dinar as a result of faulty economic policies pursued by the former regime.
He pointed out that when the prices of imported goods began to rise, Iraqis felt that the old price of the dinar against the dollar has fallen so much and began to think of what has become and find solutions to them.
The dollar exchange rate against the dinar has fluctuated between ascending and descending was reported in the nineties about 4000 dinars to the dollar, while the price has seen a gradual decline after 2003 to continue to decline to 1,200 dinars to the dollar in the last ten years, while he returned to rise again after the adoption of the budget in 2015 and forcing the Central Bank identifies sales of foreign currency in accordance with Article 50 of that year ‘s budget law.
Mahouelle explained that the International Monetary Fund and the post – World War II division of the world ‘s currencies to be and are non-transferable and was part of the Iraqi dinar currency is convertible.
He said the convertible currencies suitable for international settlements (ie to settle payments in foreign trade of the countries), has been preparing a list of those currencies represented currencies the victors in World War II, and did not include the Soviet bloc currencies at the time because of the approach is capitalist in the conduct of its economy and the economies of countries that fall under its control.
He said either the Iraqi currency was within the currency is convertible which can not be used for international settlements , but turning it into another currency, or to the dollar (Oogerh), and goes to Iraq to be paid the proceeds of the sale of oil to the US dollar and that the equivalent of the dinar to $ 3.32.
He said that Iraq, which reached a population of 8 million people, citizens did not know a dollar coin and Ashklh did not deliberate it within the borders of the country at all, as hard place to find a store, in that era, displays his goods are priced in dollars.
He Mahouelle at the conclusion of his speech that traders importers of goods (commercial / industrial / agricultural) were turning the dinar to the dollar when paying their price through banks, where the audience did not feel the importance of the US currency , but when traveling abroad and are turning to banks turned them dinar to the dollar and give them foreign currency in cash or travelers instruments after the central bank ‘s approval and under the foreign exchange law.
BGG (Dinar Guru) – [what are you most excited about lately?] All of it. Hard to pin my interest on any one thing…and maybe that is the exciting part – it isn’t just one thing. It’s the forward velocity on virtually all fronts. [top five?] 5) IMHO there is more to this comment by Abadi over Mosul taking 3 more months the other day… I really doubt that proves to be accurate… translation? Political posturing? Some kind of intentinal mislead? IDK – but it does seem at odds with most of his previous commentary. 4) The recovery of stolen monies by the GOI – big news. They are looking to put an end to the culture of corruption. 3) The passage of the J&A Law – HUGE piece…2) General forward velocity of all the Economic and Financial reforms going on right now – they are really building an economy – FAST. 1) Obviously – the statements by the current Gov of the CBI concerning their “beginning of 2017” timeline – HUGE!
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BGG (Dinar Guru) – [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.] I don’t know that “urgency” is in their vocabulary – but they are moving forward with “extreme prejudice”. Much of this progress is highly likely the oversight of the IMF/WB at play – they say – Iraq does, IT WORKS. Good stuff.
Read More: http://www.dinarupdates.com/observer/
Central Bank of Iraq supports the currency “delete the zeros” (from) the Dinar
Revealed the Keywords Governor of the Central Bank of Iraq to delete the zeros of the Iraqi currency, he began to develop the first steps of the support of the Iraqi dinar project.
Keywords and said in a statement, said that the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this strategic project will serve the country ‘s economy, as the dinar will be included in the global basket of currencies in the vital exchanges.
He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017. He pointed out that the introduction of the new currency does not mean the destruction of ancient coins, but will continue to trade for about 10 years.
Abmisr.com
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Iraq:
If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.
DayTrader
IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)
BGG (Dinar Guru) – [Can Iraq go international with their currency before the UNSC meets and officially releases the final two sanctions?] the assumption the “Iraq can GO international with their currency” is a flawed viewpoint. They need this international support to do such a thing. Where would Iraq be if no one is willing to accept whatever change they put forth? …they will get to do what they get support (and guidance) to do…they succeed thus far – because they are listening and doing. [Hope the UNSC meets soon to provide the clearance.] The IMF and WB are much more important – the UNSC will be lucky if they exist in a year or two.
Read More: http://www.dinarupdates.com/observer/
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Central Bank eliminates the use of customer financial operations of electronic fee
[Oan- Baghdad] The Central Bank of Iraq, cancel use of customer financial operations of electronic charge.
According to a statement to inform the bank received by all of Iraq [where] a copy of it, “in order to spread the culture of the electronic payment system and the shift from cash to electronic transfers in different financial operations as well as to encourage citizens to adopt modern methods in electronic point of sale [POS], the central bank decided Iraqi that the customer does not bear any fees when using electronic POS scattered across Iraq.
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Iraq calls for the implementation of e – dinar
Baghdad / Rafidain Bank urged to leave work instruments system before issuing the e-dinar.
The Director of the Rafidain Bank Khawla student, in a press statement, said that “electronic money are important in increasing the money supply within the banking system,” indicating it would “contribute to the creation of deposits out of bank records and help to monitor and control the movement of these deposits.”
She stressed that “the electronic system helps eliminate corruption and fraud and speed up the collection and payment and provision of services have the consent of the citizens and increase the level of culture among the society”, calling on the media to “that supports the banking business in Iraq and not to discredit the banks because it would shake the trust between the public and the banks.” .
Jabbar and stressed “the need to leave work instruments system before issuing the e-dinar with the emphasis on raising public awareness of distasteful regimes electronic payment.”
The e-dinar means get rid of the payment in cash to electronic payment through credit cards, which operates most of the countries.
Read More: http://www.dinarupdates.com/showthread.php?44966-Iraq-calls-for-the-
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1229.584 | 1228.969 |
| British pound | GBP | 1455.018 | 1454.290 |
| Canadian dollar | CAD | 881.083 | 880.643 |
| Swiss franc | CHF | 1150.073 | 1149.498 |
| Swedish krona | SEK | 129.489 | 129.425 |
| Norwegian krone | NOK | 136.601 | 136.532 |
| Danish krone | DKK | 165.398 | 165.315 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1582.534 | 1581.743 |
Iraqi Prime Minister Haider al-Abadi. AP file photo
