Dinar Daily NEWS Blog – June 26th

Posted on June 26, 2016 by BGG

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 06-26-16

Currency Auctions Announcement No. 3228

This daily currency auction was held in the Central Bank of Iraq on the 06-26-2016

The results were as follows:

DETAILS	NOTES
Number of banks	29
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	139,237,114
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	139,237,114
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
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Personally I’m always ready to learn, although I do not always like being taught. – Winston Churchill

* Current News *

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

______________________________________________________________

RCookie’s News Recap

HERE IS A RECAP OF NEWS….

SECURITY

IRAQI FORCES CONTROL THE ROAD BETWEEN MOSUL AND TIKRIT..PENTAGON PETER COOK CONFIRMS MORE THAN 75% OF FALLUJAH LIBERATED AND UNDER ISF CONTROL AND 100 US SORTIES PERFORMED IN FALLUJAH OPERATIONS…CACHES OF EXPLOSIVE SUICIDE BELTS FOUND IN NUKHAYIB…ISF REGAIN 2 VILLAGES ALBU AMIRS & EYE WHITE NORTH OF SALAHUDDIN…ISF FORCES START HEAVY BOMBING CAMPAIGN ON “GOLAN HEIGHTS” NEIGHBORHOOD OF FALLUJAH…LARGE IRAQI SECURITY FORCE ARRIVE AT THE OUTSKIRTS OF INTERSECTION OF SHARQAT…SECURITY FORCES RAISE IRAQI FLAG OVER CITY OF ALAZRKIH…JABOURI EMPHASIS COORDINATION BETWEEN PESHMERGA AND VOLUNTEER CLANS IN MOSUL OPS…INT’L COALITION AIR STRIKES KILL 20 ISIS ELEMENTS IN KHALIDIYAH ISLAND TARGETS…INTERNATIONAL COALITION ANNOUNCES 32 SORTIES IN IRAQ AND SYRIA…IRAQI FLAG RAISED OVER GOLAN HEIGHTS NEIGHBORHOOD OF FALLUJAH…”SAFE PASSAGE” ESTABLISHED FOR DISPLACED IN SOUTHERN MOSUL…FEDERAL POLICE ANNOUNCE THE EDITING OF 25 VILLAGES IN FALLUJAH OPERATIONS…ANBAR POLICE ANNOUNCE THE ARREST OF 1500 ISIS ELEMNTS SINCE THE BEGINNING OF FALLUJAH OPERATIONS…INTERIOR ANNOUNCE THE PURGING OF THREE GOVERNMENT COMPLEXES AND 4 VILLAGES NEAR SHARQAT….ISF ARTILLERY FIRE KILL 10 ISIS ELEMENTS NORTH OF RAMADI…IRAQI FORCES RAISE IRAQI FLAG OVER ADMINISTRATIVE BUILDINGS IN MAKHOUL…CROWD OF TURKMEN IN KIRKUK PROVINCE KILL 23 ISIS ELEMENTS JUST SOUTH OF ABURIZAL KIRKUK…DIRECTOR OF CIVIL SERVICE STAUS ASSAASINATED OUTSIDE OF KIRKIK…

GENERAL

TERRORIST ATTACK AIMED AT ROUDAO MEDIA NETWORK HEADQUARTERS IN ERBIL BARZANI PHONES MEDIA CHIEF CONDITION…JABOURI AND OBEIDI HEAD TO MOSUL TO MEET WITH SECURITY LEADERS AND LIBERATION OPERATIONS INSPECT DISPLACEMENT CAMPS…COALITION FORCES CALL ON ABADI TO TAKE EXTRA SECURITY MEASURE TO PROTECT CITIZENS OF WAJIHIYA…SADR CALLING ON ABADI GOVERNMENT TO RESIGN AND LEANING TO JOIN DEMANDS FOR RESIGNATION OF 3 PRESIDENCIES…THE US WILL BEGIN PAYING STIPENDS TO KURDISTAN FOR PESHMERGA SALARIES IN JULY AS PART OF $415 MILLION DOLLAR SUPPORT COMMITMENT PACKAGE…ABADI DISCUSSES WITH IRANIAN AMBASSADOR A BILATERAL AGREEMENT ON PRODUCTION OF ELECTRICAL POWER…WORLD HERITAGE COMMITTEE DISCUSSED NOMINATION ADDING MARSHES AND WETLANDS IN SOUTHERN IRAQ TO ITS LIST…UNITED NATIONS ASSERTS NEXT PHASE MOSUL ATTACK WILL RESULT IN 2 MILLION DISPLACED AND ANNOUNCES ESTABLISHMENT OF 2 NEW CAMPS FOR DISPLACED OUTSIDE OF FALLUJAH…MINISTRY OF ELECTRICITY ANNOUNCES RESTORATION OF SERVICE AFTER 2 YEARS TO “HAND” AREA WEST OF RAMADI IN ANBAR PROVINCE…HAKIM CLAIMS THAT IRAQS UNITY IN FIGHTING ISIS MIXES THE BLOOD OF IRAQIS FIGHTING A COMMON ENEMY…CBI ANNOUNCES NO MARKET FOR COUNTERFEIT 50K CURRENCY BECAUSE OF EASY DETECTION OF SECURITY FEATURES AT BANKS & FINANCIAL INSTITUTES… JAFAARI AND STUART JONES MEET TO DISCUSS SECURITY DEVELOPMENTS AND SAFETY FOR THE DISPLACED…

Keywords: central policy adopted prevented the financial collapse

Jubouri promised to amend the Banking Act

BAGHDAD – Hussein Tgb – Collect a number of officials in the public and private sectors to give business environment required attention, and that is the role of the banking sector , prominent in this area and the need to be a role developmentally after the events of changes necessary for this side.

Speaker of the House Dr. . Saleem al – Jubouri Park at the beginning of his speech security victories achieved by our security forces and the crowd popular on «Daash» terror in various fronts, and then said: It is important to know the importance and the role of private banks in the national economy and strengthen Iraq ‘s capacity production and service. Roadmap and draw during the ceremony Ramadan annual of the Association of Iraqi private banks to the importance of the private banks sector and the role of development, stressing that the complexities that have passed during the last period did not allow collaboration together to develop a road map to promote the role of private banks to support the national economy , which fluctuated during the period years.

he said: We are closely monitoring the problems between private banks the government on the one hand and between them and the Ministry of Finance on the other hand, has these problems led to the banking market , and removing fragmentation and make them work in a way perhaps signaling that it is incorrect and all it depends on determining the vision and make it more flexible and realistic.

20 trillion dinars , the central bank governor in turn , between the Central that depends a balanced policy in the circumstances experienced by Iraq to prevent the financial collapse of the country, and that since the end of last year and to the end of this year will be the state treasury Mall $ 20 trillion dinars, pointing out that the economic aspect entails real development opportunities and base security and social stability and move towards construction.

Keywords said : risks that beset us the subject of terrorist financing and the banking sector and the financial sector in general , concerned that it dramatically so comply with the requirements combat level has to be great because it protects the society and the economy and the country ‘s vulnerability and the banking sector to a significant risk.

He said the Central after the issuance of anti – money laundering law he moved into a new era in dealing with banks and financial institutions and companies, and must be a major commitment to this law and develop regulatory standards to be a separation between us and the banks.

He said: We must all work together for the achievement of an ideal working environment that provides job opportunities to prepare young people unemployed Ngnehm from engaging in negative Atjhat within the community and adversely affect the reality of life, and we have to look seriously for the advancement of labor sector , especially as the country has a lot of Alfrs.labd be sector banking Alerting the direction of trying to stimulate the fact Alaguetsidi and its financing, and the central work of the initiatives is the first in the history of Iraq, including the allocation of 6 trillion to support various projects projects, stressing that give business attention required to contain the unemployed numbers of the various slides. overcome the obstacles head of the Iraqi private banks association Wadih Handal said : managed Association during its short life of strengthening the role of the banking sector and overcome the obstacles and problems encountered in the past and in coordination and cooperation with the Central Bank of Iraq , who mocked a lot of time and effort to cooperate in order to achieve sustainable development and financial inclusion and support the national economy.

the Association of banks of honor to contribute to a package of reforms economic adopted by the government and support the strategies of the Central Bank, the banking sector representation in local, regional and international activities better representation, also adopted a plan to train Association banking staffs on the most cutting – edge technology that the world is witnessing.

And it exceeded the basic tasks of the Association go to support the social aspects of entry through our people as a partner in the campaign , which was founded by the musician Naseer Shamma aim of helping the poor and needy and displaced people out of humanitarian collects does not differentiate and deliver aid to all regions of Iraq.

Dinar Updates “Round Table” Call!!

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

Smart phone user link – Click here

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Breitling (Dinar Guru) – Question: “What effect does the Brexit have on the dinar world and our investment? ” The UK leaving the European Union has a lot to do with everything. If you’re an American it’s fantastic news. …How is Iraq going to add value to their currency? What do they keep reporting that says hey you need to take our currency seriously? Because what? They’re reducing the note count…supply times velocity… It means the biggest threat to the US dollar for competition wise was just crushed…the Euro-The European Union. How does that impact the currency that we’re invested in in Iraq? Iraq is all in for the US dollar. It is backed 100% by the US dollar. They believe in the US dollar. Their economy is built on the US dollar and the representation of that will be the dinar. What a remarkable thing that is.

Read More: http://www.dinarupdates.com/observer/
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rcookie (Dinar Guru) – SO…STATE OF LAW MP JAAFAR ASSERTS THAT THE ABADI REFORM PLAN WILL BE IMPLEMENTED AFTER EID AND NOTED… ”HE WILL WORK TO OPEN THE PROSPECTS FOR INVESTMENT AND SOLVING THE ECONOMIC & FINANCIAL PROBLEMS IN THE COUNTRY”…NUF SAID…[All coming together quickly…] AGREED …AND AT LIGHTNING SPEED!!.

Read More: http://www.dinarupdates.com/observer/
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Banks raise Iraq’s Stock Exchange

Twilight News / general index of the Stock Exchange of Iraq ended the trading session on Tuesday at an altitude of 0.81% for the third consecutive day, to a level Al513.41 points to win 4.10 points to its value.

It was treated at 1.094 billion shares valued at 768.45 million dinars, distributed over 469 transactions.

Issued gainers Tigris and Euphrates Bank by 9.09%, as the Iraqi Investment Bank rose by 7.14%.

In contrast, the losers Gulf Insurance shares issued by 2.78%, and the Asia-Cell Telecom dropped by 1.12%.

The general index of the Iraqi market for securities trading closed Monday, a rise of 0.73%, a winning 3.70 points, reaching the level of 509.31 points.

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rcookie (Dinar Guru) – IN ADDITION TO THE PERFORMANCE REVIEWS THAT IRAQ GOES THROUGH TOWARD THEIR SMP PERFORMANCE AND GOALS…REMEMBER WHAT OTHER REVIEW THEY PARTICIPATE IN AND THE INTERVAL…Article IV Consultation…Iraq is on the standard 12-month consultation cycle. The last Article IV consultation was concluded on July 29, 2015…SO WHAT DOES THIS TELL US…IF THE SMP THAT QUALIFIED THEM TO RECEIVE THIS 18 BILLION SBA ENDS IN 2016… [IS THIS THEIR LAST ONE?] TELL EM WHAT HES WON JOHNNNY! THINK OF IRAQ AS HAVING GONE AND GRADUATED FROM UNDERGRAD SCHOOL…GONE ON AND GOTTEN THEIR MASTERS…WENT FURTHER AND EARNED THEIR PHD…AND NOW HAVE TO GO OUT INTO THE GLOBAL MARKET AND APPLY WHAT THEY HAVE LEARNED! [post 2 of 2]

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

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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Economic Council: the face of the central banks to buy bonds to cover the shortage of cash

BAGHDAD / Economy News … Iraqi Economic Council, announced that the central bank face of government banks buy and deducting all private companies private sector bonds, noting that it will cover a large part of scarce liquidity, while the Securities Commission decided to suspend seven contribution from trading companies for “failing to comply with the instructions of financial disclosure “.

Council President Ibrahim al-Baghdadi, said the Central Bank of Iraq face three government banks Rafidain and Rasheed Iraqi and commercial purchases and deducting all the special government bonds that will be issued and paid for private companies instead of late financial dues to these companies, amounting to 50% of the total dues as a down payment.

“He added al-Baghdadi, “The total amount of these entitlements amounting to 3.5 trillion dinars, roughly where it will be liquidated into cash to be this step rewarding and meaningful to private companies after the great damage to this vital sector, due to delayed payment of dues by the government.”

He pointed Baghdadi that ” these amounts will cover a large part of scarce liquidity, which would move the wheel and the movement of financial trading in the markets of all, in addition to that they will solve many of the social and tribal and legal problems, “stressing that” the central bank pledged to the banks to cover any need or shortage of cash has for the purpose of completing the acquisitions and deducting all these bonds from their owners. ”

The central bank issued in, (15 March 2016), internal and national bonds to finance the deficit in the public budget for Iraq as a result of falling oil prices to below $ 30 per barrel.

In turn, economist Mohammed Abdul Latif Al-Ani said in an interview for the “long”, that “the process of selling national bonds to the private sector will contribute significantly to the provision of liquidity needed by the government for the benefit of most of the local economy of the country.”

He added that “the government out of monetary distress supports recovery of various economic sectors, increasing the investment of the private sector, which depends on the financial institutions of the state in the process of the evolution of his opportunities.”

He said al-Ani said “the government budget’s deficit of more than 25 trillion dinars paid to finding alternatives which put national bonds, which can be directed to activate the production of industrial, agricultural and tourism sectors we have are from the Central Bank of Iraq to the government to contribute to the plug.”

Ani called on the government to “educate the public towards the acquisition of national bonds because of its financial sedate documented period of time specified interest rate is relatively good.”

He said the “Optional savings by citizens to provide financial institutions the government cluster of large cash without the need for external borrowing, which not only fills only a fraction of the expenses of the government sectors.”

The Central Bank of Iraq, and the head office in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank independent Iraqi under the Central Bank of Iraq Law issued on March 6, 2004, and is the responsibility of the bank is responsible for maintaining price stability and the implementation of monetary policy, including exchange policies exchange and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.

For her part, the Securities Commission, the Commission decided to suspend trading in shares of companies (Iraqi Date Processing and Marketing, transport petroleum products, Bank of the economy, the electronic industries, the Iraqi seed production, modern paint industries, Almahj financial converter) for failing to comply with instructions of financial disclosure and corporate ” .

And it called on the Commission, companies in hot areas to “provide disclosure by the Chairman of the Board of Directors for the overall situation for the company to be returned to circulation of a (modern construction materials, household furniture industry, construction materials Fallujah, Mosul, to the cities of games).”

The agency said it “decided to suspend trading in shares of companies (Iraqi financial transfer, the trustee of the financial transfer, United Arab financial convertible, Sama Baghdad fiscal transfer) after the registrar of companies endorsement of the decision of the General Authority for companies to change the activity of the company from Mali convert into an Islamic bank after the issuance of capital increase. ”

Read More: http://www.dinarupdates.com/showthread.php?36077-Economic-Council-the-face-of-the-central-banks-to-buy-bonds-to-cover-the-shortage-of
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CURRENCY	CODE	SELL	BUY
US dollar	USD	1182.000	1180.000
Euro	EUR	1346.180	1345.507
British pound	GBP	1760.234	1759.354
Canadian dollar	CAD	926.913	926.450
Swiss franc	CHF	1236.919	1236.301
Swedish krona	SEK	143.727	143.656
Norwegian krone	NOK	144.761	144.688
Danish krone	DKK	180.947	180.857
Japanese yen	JPY	11.295	11.289
Special Drawing Rights	SDR	1680.615	1679.775

http://www.cbi.iq/

Indicative rates – 06.26.2015

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

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

Dinar Daily NEWS Blog – June 25th

Posted on June 25, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 06-23-16

Currency Auctions Announcement No. 3227

This daily currency auction was held in the Central Bank of Iraq on the 06-23-2016

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$)	135,861,364
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	135,861,364
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
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When you believe something can be done, really believe, your mind will find ways to do it. – David Schwartz

* Current News *

RCookie’s News Recap

HERE IS A RECAP OF NEWS….

SECURITY

GENERAL

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

Keywords: central policy adopted prevented the financial collapse

Jubouri promised to amend the Banking Act

Dinar Updates “Round Table” Call!!

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) – Article: “Jubouri calling for the amendment of the Banking Act and the formation of a financial court” THIS WAS A BANKING ASSOCIATION CONFERENCE…WITH JABOURI ATTENDING AND ASSERTING NEED TO AMEND THE BANKING ACT IN PRIVATE BANKING SECTOR… SO WE KNOW WE NEED PUBLIC FINANCIAL MANAGEMENT LAW…2016 BUDGET LAW…CBI LAW…BANKING LAW…AND TWEAKING TO INVESTMENT LAW UPON PARLIAMENTS RETURN... [When would the next scheduled session for parliament be?] THE 28TH…UNLESS EMERGENCY SESSION CALLED…THATS WHEN FED COURT HEARS 2 PARL SESSION LAWSUIT.

Read More: http://www.dinarupdates.com/observer/
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Be sure to join the New Dinar Updates “private” FaceBook Group…

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(go here and ask to join… then add some Dinar Friends!!)
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Millionday (Dinar Guru) – HERE IS AN INTERESTING POINT MADE BY CBI ADVISOR THAT I LIKE AND YOU WILL TOO… “He said the ” policy adopted by the Central is the emphasis on banks to make sure the money provided sources for the purchase of the dollar that is…he explained that” the other side, which emphasizes the central bank is trying to reconcile the preservation of foreign reserves requirements has reconciled with the market price to ensure the stability of the Iraqi dinar exchange rate against foreign currencies as an important function of the central bank. ” IN OTHER WORDS THEY ARE COMPLYING TO BASEL AND APPLYING THE CBI INITIATIVE WHILE ENSURING THAT THE BANKS FOLLOW THE RULES — INTERNATIONAL RULES.

Read More: http://www.dinarupdates.com/observer/
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Banks raise Iraq’s Stock Exchange

It was treated at 1.094 billion shares valued at 768.45 million dinars, distributed over 469 transactions.

Issued gainers Tigris and Euphrates Bank by 9.09%, as the Iraqi Investment Bank rose by 7.14%.

In contrast, the losers Gulf Insurance shares issued by 2.78%, and the Asia-Cell Telecom dropped by 1.12%.

The general index of the Iraqi market for securities trading closed Monday, a rise of 0.73%, a winning 3.70 points, reaching the level of 509.31 points.

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tlm724 (Dinar Guru) – Article: “World Bank: The new labor law in Iraq, acknowledged the international world-class” Quote: “the World Bank, said on Sunday that the new labor law in Iraq, acknowledged the international world-class sought the World Bank to be transferred to Iraq.” *hallelujah* I’m loving the WB right now…thats exactly what Iraq needed, someone to hold their hand and talk them through these complicated laws!

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

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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MPs call for the Federal Court to quickly decide Bgelsta Parliament

Parliamentarians called on the Federal Court to expedite the issuance of its decision binding on the different sessions of Parliament in connection therewith, which is experiencing the political process and a clear reluctance by not deciding the legitimacy of the sessions of Admanma.

The Federal Court earlier announced to postpone consideration of the appeal proceedings Bgelsta the House of Representatives to the 28th day of the month of June, and, as pointed out that the experts asked Amhalam until the 26th of the same month to submit their report to the court. National Alliance MP Ali Keywords called on various political blocs and parties within the parliament not to suspend the work of the Council on the decision of the Federal Court.

The importance of the work of parliament

Keywords and said a special speech «morning»: The House of Representatives should continue its work naturally and can objecting blocks waiting for the court decision, and even support for the legitimacy of the blocks could have to wait and be the court’s decision is binding for all », adding that there should be a consensus between the blocs a political solution that would satisfy both parties prior to the meetings of the Council and not to wait for the court’s decision and confirmed that there was no Keywords there’s interest in disrupting a parliament sessions.

The MP for the Reform bloc Mohammed Chihod he expressed the hope that the Federal Court decision in favor of the Iraqi people, noting that its decision to convey the quantum leap the political process as well as verification of the citizens as demanded by the reforms.

He Chihod »Sabah»: The start of the legislative term of the parliament without a court decision would disrupt the work of the Council so we will pressure off the Federal Court resolved its decision in favor of the Iraqi people and not to put themselves stance embarrassing in front of the people who suffered from the many ravages and still suffer under difficult crises have demonstrators came out and protested, demanding the application of attempted reforms.

The integrity of the Iraqi judiciary

He added that there is great pressure exerted on the Federal Court by the other party and from international forces want to go out in different directions, but the great hope for the integrity of the Iraqi judiciary to put the political process as a whole on serious reform, especially as the decision would be binding for all depends upon the future of the political process as a whole, as the approach of quotas ugly can be exceeded or install based on the result of the court’s decision, as well as is the promised reforms project.

For his part, Kurdistan Alliance MP Bakhtiyar Shaways parliament put the day depends on the decision of the Federal Court, expected to be resolved Court decision later this month, saying »Sabah»: that everyone is waiting for the court’s decision to settle the matter, where the House of Representatives legislative term will begin to exercise its role the required”.

He added that the Kurdish blocs did not have any problems to come to Baghdad and to participate in the next legislative term, stressing their keenness to start the functions of Parliament and the work that needs to negotiate and understanding between all the political blocs.

Front reform

The MP for the so-called Front reform Mansour Baaja that there are significant internal and external pressures exerted on the Federal Court by the blocs and parties that see the survival of interests depends on the survival of the Presidency the article, saying in a press release that embarrassing the Federal Court by the front of reform for its evidence and documents irrefutable that the presidency meeting legal and constitutional session, because of the pressure by the second party of the claimants to keep al-Jubouri, which will decide the last decision.

He added that all the documents and evidence that we have provided confirms the constitutionality of our meeting and was on the Federal Court, but are affected by the pressure exerted on them and decide the decision in our favor, as decided by the issue of former MP Mohammed al-Daini it did not refer to the disks and imaging, but relied on the signatures submitted to them, asking the court resolving the matter,

especially as the signatures submitted signatures are alive and there is no deputy of the signatories presented by the objection, noting that the Federal Court is very embarrassing and wait for there to be a compromise between the Al_khasme and not have that matter resolved itself.

Read More: http://www.dinarupdates.com/showthread.php?36086-MPs-call-for-the-Federal-Court-to-quickly-decide-Bgelsta-Parliament&p=154822#post154822
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Economic Council: the face of the central banks to buy bonds to cover the shortage of cash

The central bank issued in, (15 March 2016), internal and national bonds to finance the deficit in the public budget for Iraq as a result of falling oil prices to below $ 30 per barrel.

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	1337.315	1336.646
British pound	GBP	1743.568	1742.696
Canadian dollar	CAD	922.141	921.680
Swiss franc	CHF	1232.662	1232.046
Swedish krona	SEK	143.595	143.523
Norwegian krone	NOK	142.695	142.624
Danish krone	DKK	179.848	179.759
Japanese yen	JPY	11.354	11.349
Special Drawing Rights	SDR	1676.632	1675.793

http://www.cbi.iq/

Indicative rates – 06.25.2015

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

Dinar Daily NEWS Blog – June 23rd

Posted on June 23, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 06-23-16

Currency Auctions Announcement No. 3227

This daily currency auction was held in the Central Bank of Iraq on the 06-23-2016

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$)	135,861,364
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	135,861,364
Total offers for selling (US$)	—–

More: http://dinarupdates.com/observer/
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Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone. – Frederic Bastiat

* Current News *

RCookie’s News Recap

HERE IS A RECAP OF NEWS….

OIL CLOSES AT $50.88…OPECS BASKET AT $46.02…AUCTIONS AT 148 MILLION…

MUTHANNA COUNCIL LAUNCHES DISBURSEMENTS OF RESIDENTIAL COMPLEXES IN CENTRAL SAMAWA…

SALEH RESTATES IRAQ FOREIGN CURRENCY RESERVES AT $53 BILLION…

WASHINGTON LAUDS ABADI AS INSTILLING GLOBAL CONFIDENCE IN IRAQ AND RESPONSIBLE FOR INTERNATIONAL AGENCY LOANS…

MP FOR CITIZEN HUSSENI STATES LIBERATION OF MOSUL TO INCLUDE PARTICIPATION OF POPULAR CROWD AND WILL END THE BATTLE QUICKLY…

MINISTRY OF LABOR & SOCIAL AFFAIRS SEEKING COOPERATION FROM WORLD BANK IN DEVELOPING NATIONAL STRATEGY TO ADDRESS & ALLEVIATE POVERTY…

JORDANIAN KING MEETS WITH MCGOURK AND CALLS ON INTERNATIONAL COALITION TO COMBAT ISIS IN HOLISTIC APPROACH WITH COMPLETE ELIMINATION…

ABADI MEETS WITH ALLAWI TO DISCUSS SECURITY AND POLITICAL ISSUES OPEN DIALOGUE AND MOVE PAST DIFFERENCES…

ZEBARI DELIVERS 2ND MESSAGE TO KUWAITI EMIR FROM ABADI AFTER OBIEDI DELIVERED PREVIOUS EARLIER IN MONTH CONCERNING SECURITY STATUS & COOPERATION AMONG ARAB STATES ALONG WITH REQUEST TO AGAIN DELAY WAR REPARATIONS PAYMENTS…

MINISTRY OF FINANCE INSPECTOR GENERAL ANNOUNCE RECOVERING 10 BILLION IQD STATE PROPERTY RETURNED TO STATE COFFERS…

JUDICIARY DELIVERS 30 BILLION IQD TO STATE TREASURY IN 2015 WITH FEES LAWSUITS AND FINES…

INVESTMENT/ECONOMY/BUSINESS

IDB PROVIDES RECONSTRUCTION MINISTRY $150 MILLION FOR ESTABLISH PLANTS IN 6 PROVINCES BAGHDAD, QAR, BASRA, ANBAR, BABIL, KIRKUK FOR HOUSING AND SCHOOLS…

MINISTRY OF INDUSTRY & MINERALS ANNOUNCE IRAQ AND HUNGARY TO SIGN MOU FOR ECONOMIC COOPERATION IN SEPTEMBER…

CBI ISSUES STATEMENT OF REFUSAL TO PROVIDE EXCEPTIONS OF CUSTOMS IMPORTS PERMITS FOR THOSE WHO HAVE GIVEN INCORRECT OR FALSE INFORMATION AND PREVENT FUTURE AUCTION PARTICIPATION…

SALEH ANNOUNCES AGAIN IRAQ WILL RECEIVE 1ST INSTALLMENT OF IMF LOANS BY END OF JUNE…

ISX RISES FOR 4TH CONSECUTIVE DAY AMID SLOWER TRADING VOLUME UP 0.24% AND 1.21 POINTS AT 514.62…

LOCAL INVESTORS CLAIMING “MONOPOLIES” BY FOREIGN COUNTERPARTS ESPECIALLY TURKISH, IRANIAN AND EGYPTIAN WHO THEY CLAIM PROJECTS WOULD FORCE TO SHARE OR TRANSFER MONEY ABROAD SALEH CALLING FOR AMENDMENTS TO INVESTMENT AND BANKING LAW AND …

ABADI PROMOTES OFFERING STUDY TO REDUCE FUEL PRICES TO 200 DINARS…

IRAQ PURCHASES 80,000 TONNES OF RICE FROM INDIA…

BOEING DEAL WITH IRAN $25 BILLION FOR 100 AIRCRAFT FOR IRAN AIR…

SECURITY

ABADI REASSURES MOSUL RESIDENTS THEIR LIBERATION WILL OCCUR THIS YEAR…

INTERNTIONAL COALITION BOMBING KILLS 20 ISIS ELEMENTS IN SOUTHERN MOSU INCLUDING 3 INFLUENTIAL ISIS LEADERSL…

JABOURI STATES FALLUJAH LIBERATION OPENS ROAD FOR MOSUL LIBERATION OFFENSIVE…

IRAQI ARMY SPOKENMAN ASSERTS ISIS LOST 2500 ELEMENTS IN FALLUJAH LIBERATION OPERATION ALONE…

IRAQ FORCES CONTROL NEW AREAS OF ALJUGHAIFI FALLUJAH WITHIN CLEANSING FRAMEWORK…

PENTAGON CONFIRMS READINESS TO CONDUCT ISIS AIRSTRIKES IN LIBYA…

ISF 8TH BAND LIBERATES GRAVEL AREA SOUTHWESTERN FALLUJAH FULLY…

ANBAR OPERATIONS GEN MAHLAWI ANNOUNCE FULL LIBERATION OF SOUTHERN FALLUJAH TOWN OF AJARPIH…

11 ISIS ELEMENTS KILLED IN AIR ATTACKS IN NORTHERN SALAHUDDIN…

ANBAR OPERATIONS ANNOUNCE KILLING OF 50 ISIS ELEMENTS NORTH OF RAMADI…

INTERNATIONAL COALITION PERFORMS 35 SORTIES IN SYRIA AND IRAQ…

MOD OBEIDI STATES ISIS TERRORISM BROKEN IN FALLUJAH AND WILL END IN NINEVEH…

23 ISIS ELEMENTS KILLED IN VARIOUS OPERATION IN NORTHERN FALLUJAH…

ABADI RECEIVES “DISTRESS CALL” FROM CITIZENS OF MOSUL IN PLEA FOR LIBERATION FROM ISIS ELEMENTS…

ISIS DESTROYS 5 ELECTRICITY TOWERS IN EASTERN SALAHUDDIN AREA…

1200 ISIS ELEMENTS KILLED IN SYRIAN MANBEJ OPERATIONS…

PEOPLE CROWD BRIGADE COMMANDER ANNOUNCE THE ARREST OF 225 ISIS ELEMENTS SINCE BEGINNING OF FALLUJAH LIBERATION…

PARLIAMENT

CALLS FOR CONVENING URGENT PARLIAMENT SESSION DUE TO FALLUJAH DEVELOPMENTS AND COMPLETION OF CABINET RESHUFFLE…

PARLIAMENT COMMITTEE ON INVESTMENTS AND ECONOMY NAJIB STATES POSSIBILITY OF PART OF IMF LOANS ALOOCATION FOR INVESTMENT PROJECTS AS BUDGET INCLUDES BOTH OPERATIONAL & DEVELOPMENT SIDES…

PARLIAMENT ECONOMIC COMMITTEE MP NAJIB REVEAL THAT SMUGGLED IRAQI STATE MONEY IS INVESTED IN ARAB COUNTRIES REGISTERED IN FICTITOUS NAMES AND COMPANIES & IMPLORE FOREIGN MINISTRY TO DO MORE TO UNCOVER AND RECOVER WITH FOREIGN EMBASSIES…

PARLIAMENTARY FOREIGN AFFAIRS ASSERTS THAT SAUDI AMBASSADOR SURVIVAL I POSITION IS A VICTORY FOR ISIS AND TERRORISM…

COUNCIL OF NINEVEH DECLARES IRAQI FORCES WILL CONDUCT LIKE PROFESSIONALS LIKE PESHMERGA IN BATTLE OF MOSUL…

HOW ABOUT THAT $25 BILLION CONTRACT FOR BOEING WITH IRAN FOR 100 PLANES!!!….WOW!!

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Don’t MISS – “A SPECIAL NEWS TIME” w/RCookie in DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite!

Keywords: central policy adopted prevented the financial collapse

Jubouri promised to amend the Banking Act

Dinar Updates “Round Table” Call!!

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

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______________________________________________________________

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

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

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

Banks raise Iraq’s Stock Exchange

It was treated at 1.094 billion shares valued at 768.45 million dinars, distributed over 469 transactions.

Issued gainers Tigris and Euphrates Bank by 9.09%, as the Iraqi Investment Bank rose by 7.14%.

In contrast, the losers Gulf Insurance shares issued by 2.78%, and the Asia-Cell Telecom dropped by 1.12%.

The general index of the Iraqi market for securities trading closed Monday, a rise of 0.73%, a winning 3.70 points, reaching the level of 509.31 points.

______________________________________________________________

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
______________________________________________________________

MPs call for the Federal Court to quickly decide Bgelsta Parliament

The importance of the work of parliament

The integrity of the Iraqi judiciary

Front reform

Economic Council: the face of the central banks to buy bonds to cover the shortage of cash

The central bank issued in, (15 March 2016), internal and national bonds to finance the deficit in the public budget for Iraq as a result of falling oil prices to below $ 30 per barrel.

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	1337.315	1336.646
British pound	GBP	1743.568	1742.696
Canadian dollar	CAD	922.141	921.680
Swiss franc	CHF	1232.662	1232.046
Swedish krona	SEK	143.595	143.523
Norwegian krone	NOK	142.695	142.624
Danish krone	DKK	179.848	179.759
Japanese yen	JPY	11.354	11.349
Special Drawing Rights	SDR	1676.632	1675.793

http://www.cbi.iq/

Indicative rates – 06.23.2015

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

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Dinar Daily NEWS Blog – June 22nd

Posted on June 22, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 06-22-16

Currency Auctions Announcement No. 3226

This daily currency auction was held in the Central Bank of Iraq on the 06-22-2016

The results were as follows:

DETAILS	NOTES
Number of banks	32
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	148,133,621
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	148,133,621
Total offers for selling (US$)	—–

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

The authority of those who teach is often an obstacle to those who want to learn. – Marcus Tullius Cicero

* Current News *

Iraq: the agreement with the IMF is going according to plan

Economy News / Continue … Prime Minister fiscal policy adviser said the appearance of the benefit, if Iraq agreed to request the International Monetary Fund to provide loans that will help the country to overcome the crisis in liquidity resulting from the drop in oil revenue measures.

Saleh said in remarks followed up “the economy News” that the agreement reached last month between Iraq and the International Monetary Fund is going according to planned.

He added that among the measures that have been approved the payment of all arrears owed to foreign oil companies operating in Iraq by the end of the year.
Saleh did not disclose the total amount owed by the country to those companies.

Iraq and its budget request to support from the international community after the collapse of oil prices over the past two years. And caused the sharp decline in oil revenues in the high budget deficit and delayed payments to foreign oil companies.

The IMF agreed in May to give Iraq a loan of $ 5.4 billion over three years. But granting that Iraq unconditionally implemented measures to cut spending and increase non-oil revenue and paying for oil companies billions of dollars in loan arrears.

Follow us on twitter @DinarUpdates !!

Don’t MISS – “NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST

www.DinarUpdates.com – save as favorite!

Keywords: central policy adopted prevented the financial collapse

Jubouri promised to amend the Banking Act

Dinar Updates “Round Table” Call!!

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

Smart phone user link – Click here

______________________________________________________________

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

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

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

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

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

Banks raise Iraq’s Stock Exchange

It was treated at 1.094 billion shares valued at 768.45 million dinars, distributed over 469 transactions.

Issued gainers Tigris and Euphrates Bank by 9.09%, as the Iraqi Investment Bank rose by 7.14%.

In contrast, the losers Gulf Insurance shares issued by 2.78%, and the Asia-Cell Telecom dropped by 1.12%.

The general index of the Iraqi market for securities trading closed Monday, a rise of 0.73%, a winning 3.70 points, reaching the level of 509.31 points.

______________________________________________________________

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
______________________________________________________________

MPs call for the Federal Court to quickly decide Bgelsta Parliament

The importance of the work of parliament

The integrity of the Iraqi judiciary

Front reform

Economic Council: the face of the central banks to buy bonds to cover the shortage of cash

The central bank issued in, (15 March 2016), internal and national bonds to finance the deficit in the public budget for Iraq as a result of falling oil prices to below $ 30 per barrel.

______________________________________________________________

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	1337.315	1336.646
British pound	GBP	1743.568	1742.696
Canadian dollar	CAD	922.141	921.680
Swiss franc	CHF	1232.662	1232.046
Swedish krona	SEK	143.595	143.523
Norwegian krone	NOK	142.695	142.624
Danish krone	DKK	179.848	179.759
Japanese yen	JPY	11.354	11.349
Special Drawing Rights	SDR	1676.632	1675.793

Indicative rates – 06.22.2015

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

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

Dinar Daily NEWS Blog – June 18th

Posted on June 18, 2016 by BGG

Word for the day…

Mrs. BGG

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

Currency Auctions Announcement No. 3222

This daily currency auction was held in the Central Bank of Iraq on the 06-16-2016

The results were as follows:

DETAILS	NOTES
Number of banks	26
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	132,094,500
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	132,094,500
Total offers for selling (US$)	—–

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

The real man smiles in trouble, gathers strength from distress, and grows brave by reflection. – Thomas Paine

* Current News *

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

Iraqi trade talks with Citibank to develop relations

BAGHDAD – Qusay, Monzer – Search Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world). He said a statement received (time) yesterday that (the meeting between the two sides is part of the bank’s policy of developing relations with major international banks and financial institutions around the world and the recruitment and use these relations to serve the customers the bank and the provision of advanced banking services on a global level and to meet the development and reconstruction requirements the reconstruction of areas affected by the terrorist attacks).

Dinar Updates “Round Table” Call!!

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

Smart phone user link – Click here

The central bank plans to activate

BAGHDAD / Economy News … The Central Bank of Iraq, his intention to activate the Unit for Combating Money Laundering to keep up with local and international requirements, as he emphasized his willingness to cooperate with the Association of Banks for the implementation of programs related to “the fight against money laundering,” the central bank economists called for a restructuring of the banking and financial institutions to curb corruption processes taking place the country years ago.

The governor of the Central Bank and the Agency on the Keywords, on the sidelines of a meeting of 15 graduates recently took part training course set up by the Association of private banks to obtain certificate of competence in the field of (anti-money laundering and financing of terrorism), “The theme of the fight against money laundering is a fundamental criterion for dealing with any bank because it reflects the work of the bank financial terms of integrity and professional and ethical work. ”

He praised the Keywords, “the efforts of the Iraqi private banks association for the development of the banking sector”, expressed the readiness of “the central bank to cooperate with ASEAN in the implementation of programs related to combating money laundering and pour in the financial sector and economic interest.”

He stressed the Keywords, the need for the “pillar banks are basically in the process of combating money laundering by virtue of its location and its potential and capabilities,” adding that “the central bank developed a special anti-money laundering unit and is now in the process of activated to keep up with local and international requirements.”

For his part, Executive Director of the Association of Banks Tariq Ali, according to the statement, that “the association is seeking to develop training plans, especially in the field of combating money laundering and terrorist financing in order to serve the banking sector and the creation of advanced banking cadres working in accordance with the currently approved international standards.”

In turn, the financial expert Uday Abdul Ameer Amer, said the phenomenon of money laundering has increased ten years ago due to decline the application for combating financial and administrative corruption in state institutions and economic laws. ”

He added that “all the government and private banks have a special anti-money laundering, but sections that she stopped working for several reasons such as lack of seriousness in the application of laws and the spread of financial and administrative corruption between functional cadres of these institutions.”

He explained Amer that “the Central Bank Law No. 93 of 2004 and by Article 12, which relates to the establishment of indoor units to combat money laundering and bleached in all financial and banking institutions, so as to collect and analyze information to find out citizen corruption and hand money smuggling.”

And that “some politicians and owners of intervention influence banking work through the establishment of banks and companies, mostly fake and illegal for the purpose of speculation in the daily currency auction and make big profits twisted and illegal means.”

Amer stressed that “the central bank assumes full responsibility for the loss of billions of dollars and she went to the pockets of corrupt, so it should be a complete overhaul and restructuring of the banking and financial institutions are limiting the phenomenon of money laundering and smuggling abroad.”

The Iraqi Cabinet, announced on Tuesday (June 30, 2015), agreed on a draft anti-money laundering and terrorism financing law, which is of great importance for his role in drying the sources of terrorism and to respond to international trends in this area.

It is noteworthy that the banking system in Iraq consists of 54 banks as well as the Central Bank and distributed according to property between the seven state-owned and 23 private businesses, including Islamic nine in addition to the 15 branches of foreign banks.

______________________________________________________________

rcookie (Dinar Guru) – Article: “Kurdistan: ready for a new oil deal with Baghdad against the billion dollars a month” SO…KURDS ON BOARD FOR NEW OIL DEAL…WHERBY GOI GIVES THEM 1 BILLION AND THEY AGREE TO RAMP PRODUCTION AND PROCESS THROUGH BAGHDAD….ALL FOR A MEASLY 1 BILLION PER MONTH…UNDERSTAND WITHOUT THE UST AND CBI AND INT’L AGENCIES AUDITING…MONITORING…PRODUCTION RECORDS… BANK RECORDS…THIS WOULD NOT BE A CONSIDERATION. THEY HAVE COOKED THE BOOKS AND PRODUCTION FOR YEARS…THE CBI BEING THERE WITH ALL OF THOSE AGENCIES CREATES A TOTALLY DIFFERENT TRANSPARENT LANDSCAPE!

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

Efforts to create the foundations are basic to start investing

BAGHDAD – Shokran Fatlawi counting the International Bureau of Studies and consulting director Tawfiq inhibitor restore the role of the private sector as significant as regards activities producing and development which has implications for the various agricultural, industrial and service sectors, as well as the strengthening of human capital and to address unemployment and poverty.

He inhibitor in his speech for the «morning» on the sidelines of a seminar organized by the progress of policy development institute that to restore the role of the private sector treatment requires identifying economic goals fixed and well thought out and steer the economy towards a competitive economy and the creation of foundations that are basic to initiate investment and infrastructure by providing facilities and logistical support for the sector Acial.wachar inhibitor to the importance of planning for the return of the Iraqi capital to the country and take advantage of them in Iraqi currency support, because the currency ‘s strength lies in the cash reserve size or precious metal at the World Bank does not actively market linked, accompanied by programs to run the infrastructure areas that the private sector does not want to invest in them mode.

rcookie says:
SEMINAR BY POLICY DEVELOPMENT INSTITUTE…..RESTORE THE ROLE OF THE PRIVATE SECTOR….IDENTIFYING ECONOMIC GOALS TOWARD A COMPETETIVE ECONOMY…AND CREATE FOUNDATIONS THAT ARE BASIC TO INITIATE INVESTMENT AND INFRASTRUCTURE…BY PROVIDING FACILITIES & LOGISTICAL SUPPORT AND IMPORTANCE OF PLANNING FOR RETURN OF IRAQI CAPITAL TO THE COUNTRY AND TAKE ADVANTAGE OF THEM IN IRAQI CURRENCY SUPPORT….BECAUSE THE CURRENCY’S STRENGTH LIES IN CASH RESERVE SIZE OR PRECIOUS METAL AT THE WORLD BANK….DOES NOT DRIVE THE PRIVATE SECTOR INFRASTRUCTURE INVESTMENT…

STATES THAT THE ROLE OF THE PRIVATE SECTOR IS NOT TO RELY ONLY ON THE STATE…AND IDENTIFIES INVESTMENT LINES OF NATIONAL CAPITAL BE ALLOWED TO MOVE ACCORDING TO IRAQ MARKET NEEDS AND DEMANDS ALONG WITH SUPPORTING INVESTMENT & LABOR LAWS AFFECTING CITIZENS…AND FISCAL POLICY REVIEW AND BANKING PERFORMANCE REVIEWS WITH ACTIVATION OF INSURANCE SUPPORT WHICH WHILE ABSENT HAS CAUSED THE LOSS OF IRAQI CAPITAL OUT OF THE COUNTRY….

AND ABILITY OF STATE TO CAPITALIZE THROUGH INSTITUTIONAL STABILITY AND MITIGATE ECONOMIC CRISIS AND ABILITY TO CREATE STABILITY & CONFIDENCE AS EXPERIENCED IN INDUSTRIAL REVOLUTION IN US AND EUROPE IN THE 40’S…

rcookie says:
SO THEY ARE TALKING ABOUT INVESTMENT UTILIZING IRAQI CURRENCY DRIVING THE PRIVATE SECTOR AND DRIVING AN INDUSTRIAL REVOLUTION THE LIKES OF THE US AND EUROPE IN 40’S!!!!!!…..

BGG – The above was from RCookie News Time last nite – always GREAT COMMENTS!! DON’T MISS OUT!!

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Frank26 (Dinar Guru) – While all of these activities are going on…you have the taxes and the tariffs at the borders that are being set up. They used to collect them manually but…it’s not going to be manual anymore. And that’s why the World Trade Organization (WTO) is asking Iraq, “will you guys join us?” And the reason why is because that they got the coding a long time ago and they are about to implement it in the taxes and tariffs at their borders. Now the software to reveal this encoding of every item that is going to be taxed…is only going to increase their revenues of the country…Not only in shipping imports but exports as well. They set up an E-Government system and electronic taxes…all of this with the software that will give them the encoding that will allow them to become World Trade Organization members? Hmmm…I guess the timing to join them is exactly right because an LOI [Letter of Intent]…This is a very sophisticated system and not for no program rate. The IMF has a LOI of what Iraq wants to do and the evidence of this agreement is all over the place.

Read More: http://www.dinarupdates.com/observer/
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Economist describes – step sale of central bank dollar for citizens as “good”

Special – News – Description economist Qais Al-Mulla, Thursday, obliging the Central Bank of licensed banks and money transfer companies to reduce dollar sales to citizens and the sale of 3,000 dollars at auction currency good move.

Mulla said L / Moayzn News /, “The step his proposal that the central bank will provide an amount of $ 3,000 for citizens who want to travel or trade, the price of the auction of the currency, especially since there are several facilities in the procurement process, most notably circulate this resolution to all banks and companies licensed money transfer. ”

He added that “This decision did not come from the sheer will of the central coffee, but after several requests made by money transfer companies, and a number of private banks to provide currency for over a number of citizens.”

It is noteworthy that the Iraqi Central Bank decided that the share of citizens who wish to have access to the dollar to cover their expenses abroad of banks and banking, financial and conversion of all is the (3000) dollars, three thousand dollars, instead of (5000) dollars, five thousand dollars .anthy 29

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wmawhite (Dinar Guru) – IMO, Iraq is now engaged within the global Economy markets. In fact…This article is more evidence that Iraq (the CBI, GOI, and its’ banks) have entered the global economy markets. Quote: “…Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).” If Iraq was not part of the global economy markets, why would one of the world’s leading banks, Citibank, being discussing with the Trade Bank of Iraq (TBI) about now to…“develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq”…and… “lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).” This is Citibank…which I believe is aligned with the TBI…The trade Bank of Iraq which is the CBI’s arm that reaches outside of Iraq.

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

Parliamentary reform front expel deputies which confirms insist on the dismissal of the Presidium of Parliament

Twilight News / announced Front parliamentary goodness on Wednesday that it had expelled one deputies belonging to her, emphasizing the sacking of the Presidium of the current parliament.

A spokesman for the Front MP Haitham al-Jubouri said in a statement responded to the Twilight News, the front Reform MP declares that the student Kharbit is no longer a member of the front, indicating that the front did not accept the request for his return to it.

He said the Front renewed its insistence on hard not to deal positions or engage in dialogue with the Commission article presidency, noting that it continues Bacaltha again until the Federal Court has ruled to cancel the April 14 session that the sacking of the previous Presidency was there.

He Jubouri that the front invites all media to be careful to transfer the information and deal with the official source and not taking news events or information that has cluttered the public opinion

______________________________________________________________

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
______________________________________________________________

KRG Ready for New Oil Deal with Baghdad

The Kurdistan Regional Government (KRG) is reported to be ready to strike an agreement with the central government in Baghdad to increase oil exports.

KRG spokesman Safeen Dizayee told Reuters it would be willing to sell its oil through Baghdad if it was guaranteed a monthly revenue of $1 billion:

“If Baghdad comes and says ok, give me all the oil that you have and I’ll give you the 17 percent as per the budget, which equals to one billion [dollars per month], I think, logically it should be the thing to accept …

“Whether this oil goes to the international market or first to Baghdad and then to the market, it doesn’t make any difference … We are ready to enter dialogue with Baghdad.“

The KRG exported 15,904,271 barrels of crude oil (an average of 513,041 bpd) in the month of May through the Kurdistan pipeline network to the port of Ceyhan (pictured) in Turkey, and received $390,748,957 on account in May from its crude oil export.

______________________________________________________________

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	1327.386	1326.722
British pound	GBP	1677.849	1677.010
Canadian dollar	CAD	915.286	914.828
Swiss franc	CHF	1226.268	1225.655
Swedish krona	SEK	142.231	142.160
Norwegian krone	NOK	142.096	142.025
Danish krone	DKK	178.517	178.428
Japanese yen	JPY	11.140	11.135
Special Drawing Rights	SDR	1662.140	1661.309

Indicative rates – 06.18.2015

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

Dinar Daily NEWS Blog – June 17th

Posted on June 17, 2016 by BGG

Word for the day…

Mrs. BGG

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

Currency Auctions Announcement No. 3222

This daily currency auction was held in the Central Bank of Iraq on the 06-16-2016

The results were as follows:

DETAILS	NOTES
Number of banks	26
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	132,094,500
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	132,094,500
Total offers for selling (US$)	—–

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

The real man smiles in trouble, gathers strength from distress, and grows brave by reflection. – Thomas Paine

* Current News *

Follow us on twitter @DinarUpdates !!

“NEWS TIME” w/RCookie and Mr White will be a “LIVE Q & A” in DU CHAT ROOM – Friday 7:30pm EASTERN

www.DinarUpdates.com – save as favorite!

Iraqi trade talks with Citibank to develop relations

Dinar Updates “Round Table” Call!!

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

Smart phone user link – Click here

The central bank plans to activate

______________________________________________________________

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

Efforts to create the foundations are basic to start investing

rcookie says:
SO THEY ARE TALKING ABOUT INVESTMENT UTILIZING IRAQI CURRENCY DRIVING THE PRIVATE SECTOR AND DRIVING AN INDUSTRIAL REVOLUTION THE LIKES OF THE US AND EUROPE IN 40’S!!!!!!…..

BGG – The above was from RCookie News Time last nite – always GREAT COMMENTS!! DON’T MISS OUT!!

______________________________________________________________

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

Economist describes – step sale of central bank dollar for citizens as “good”

______________________________________________________________

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

Parliamentary reform front expel deputies which confirms insist on the dismissal of the Presidium of Parliament

Twilight News / announced Front parliamentary goodness on Wednesday that it had expelled one deputies belonging to her, emphasizing the sacking of the Presidium of the current parliament.

He Jubouri that the front invites all media to be careful to transfer the information and deal with the official source and not taking news events or information that has cluttered the public opinion

______________________________________________________________

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
______________________________________________________________

KRG Ready for New Oil Deal with Baghdad

The Kurdistan Regional Government (KRG) is reported to be ready to strike an agreement with the central government in Baghdad to increase oil exports.

KRG spokesman Safeen Dizayee told Reuters it would be willing to sell its oil through Baghdad if it was guaranteed a monthly revenue of $1 billion:

“Whether this oil goes to the international market or first to Baghdad and then to the market, it doesn’t make any difference … We are ready to enter dialogue with Baghdad.“

______________________________________________________________

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	1327.386	1326.722
British pound	GBP	1677.849	1677.010
Canadian dollar	CAD	915.286	914.828
Swiss franc	CHF	1226.268	1225.655
Swedish krona	SEK	142.231	142.160
Norwegian krone	NOK	142.096	142.025
Danish krone	DKK	178.517	178.428
Japanese yen	JPY	11.140	11.135
Special Drawing Rights	SDR	1662.140	1661.309

Indicative rates – 06.17.2015

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

Dinar Daily NEWS Blog – June 16th

Posted on June 16, 2016 by BGG

Word for the day…

Mrs. BGG

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

Currency Auctions Announcement No. 3222

This daily currency auction was held in the Central Bank of Iraq on the 06-16-2016

The results were as follows:

DETAILS	NOTES
Number of banks	26
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	132,094,500
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	132,094,500
Total offers for selling (US$)	—–

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

Liberty is the only thing you cannot have unless you are willing to give it to others. – William Allen White

* Current News *

Dinar Updates “Round Table” Call!!

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

from 6/09 – Smart phone user link – Click here

KRG Ready for New Oil Deal with Baghdad

The Kurdistan Regional Government (KRG) is reported to be ready to strike an agreement with the central government in Baghdad to increase oil exports.

KRG spokesman Safeen Dizayee told Reuters it would be willing to sell its oil through Baghdad if it was guaranteed a monthly revenue of $1 billion:

“Whether this oil goes to the international market or first to Baghdad and then to the market, it doesn’t make any difference … We are ready to enter dialogue with Baghdad.“

Follow us on twitter @DinarUpdates !!

Don’t Miss “NEWS TIME” w/BGG in DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite!

The central bank plans to activate

______________________________________________________________

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

Efforts to create the foundations are basic to start investing

rcookie says:
SO THEY ARE TALKING ABOUT INVESTMENT UTILIZING IRAQI CURRENCY DRIVING THE PRIVATE SECTOR AND DRIVING AN INDUSTRIAL REVOLUTION THE LIKES OF THE US AND EUROPE IN 40’S!!!!!!…..

BGG – The above was from RCookie News Time last nite – always GREAT COMMENTS!! DON’T MISS OUT!!

______________________________________________________________

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

Economist describes – step sale of central bank dollar for citizens as “good”

______________________________________________________________

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

Parliamentary reform front expel deputies which confirms insist on the dismissal of the Presidium of Parliament

Twilight News / announced Front parliamentary goodness on Wednesday that it had expelled one deputies belonging to her, emphasizing the sacking of the Presidium of the current parliament.

He Jubouri that the front invites all media to be careful to transfer the information and deal with the official source and not taking news events or information that has cluttered the public opinion

______________________________________________________________

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
______________________________________________________________

Economists Divided Over Deletion Of Zeros

By Amina al-Dahabi for Al-Monitor.

The Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003 (the CBI has – or at least some in the CBI – the GOI, not so much, historically). This project has raised many concerns among the Iraqi public and within the business community, and Iraqi economists are divided. While some support the project and consider it a chance to decrease inflation and unemployment, others warn of economic shocks that may prevail over the Iraqi market as a result of the project’s implementation.

Following amendments made by the CBI, implementation of the project has been postponed several times. This is because of fears that are mostly related to the lack of security, the presence of a market open to foreign commodities without any restrictions, the prevalence of counterfeit money in the market and rampant corruption in the country.

The independent Iraqi News Agency (INA) quoted Abdul Hussein al-Yasiri, a member of the Iraqi parliamentary Finance Committee, as saying that 2014 will witness the deletion of zeros from the Iraqi currency. He noted that the deletion will occur in coordination with the CBI, and that as a result of the project, the number of banknotes in circulation will be reduced from 4 billion to 1 billion.

Haider al-Abadi, the head of the Iraqi parliamentary Finance Committee, told Al-Monitor that while deleting zeros from the current currency is possible, this has been postponed until after parliamentary elections. He noted that studies are being carried out to ensure that, following the currency change, counterfeiting is limited and that Iraqis don’t go back to trading in the old currency.

The step to delete zeros from the currency has been postponed several times, leading the parliamentary Economic Committee to demand that the CBI accelerate this project, as Al-Sharqiya reported. In a news conference held July 6, the Economic Committee confirmed that the deletion of zeros will lead to an increase in the value of the Iraqi dinar and will have positive repercussions, including a reduction in unemployment and poverty rates in the country.

______________________________________________________________

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	1327.386	1326.722
British pound	GBP	1677.849	1677.010
Canadian dollar	CAD	915.286	914.828
Swiss franc	CHF	1226.268	1225.655
Swedish krona	SEK	142.231	142.160
Norwegian krone	NOK	142.096	142.025
Danish krone	DKK	178.517	178.428
Japanese yen	JPY	11.140	11.135
Special Drawing Rights	SDR	1662.140	1661.309

Indicative rates – 06.16.2015

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

Dinar Daily NEWS Blog – June 13th

Posted on June 13, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 06-13-16

Currency Auctions Announcement No. 3219

This daily currency auction was held in the Central Bank of Iraq on the 06-12-2016

The results were as follows:

DETAILS	NOTES
Number of banks	31
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	130,639,518
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	130,639,518
Total offers for selling (US$)	—–

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

Life-the way it really is – is a battle not between good and bad, but between bad and worse. – Joseph Brodsky

* Current News *

Follow us on twitter @DinarUpdates !!

Don’t Miss “NEWS TIME” w/RCookie in DU CHAT ROOM – Monday 7:30pm EST

www.DinarUpdates.com – save as favorite!!

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

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

Estimate the shadow price of foreign currency:

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

The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar.In particular the following outputs and inputs of foreign currency were distinguished:

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

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

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

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

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

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

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

The Republic of Iraq – Ministry of Planning

Dinar Updates “Round Table” Call!!

“for Dinar News – that MATTERS!!”
from 6/09 – click-n-listen

Smart phone user link – Click here

SIGR Report Recap…

THIS REPORT WAS SENT TO CONGRESS LAST MAY (it appears to be from May of 2012). IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This screen shot is from page 84 of the massive SIGR report.

BGG ~This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – May 2014, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
__________________________________________________

I point out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki (during that era – Abadi now). Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform (curiously – I did make this assertion… No currency reform = no re-election for Maliki. Guess what happened??).

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…

BGG – This is PUBLISHED INFO FOLKS… NOT HEARSAY…

______________________________________________________________

firefly (Dinar Guru) – Reuters Article: “Iraq plans deposit guarantee fund to curb cash stashing” Quote: “Iraq plans to set up a deposit guarantee fund to encourage Iraqis to use banking services and to develop the financial industry, the central bank said.” Reuters folks! A day after Iraq agreed to the requirements? WOW, WOW, WOW. We are looking at a position where everything is ready IMO.

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

CBI is preparing to issue a monetary metal parts

(another FLASHBACK…)

Metal coins from the category of 25 fils were in circulation until the nineties of the last century

Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.

She said in her statement Albjara Radio Free Iraq, “said the project will take between four and five years, and which will be the launch of the categories of small coins gradually.”

He predicted the financial expert Hilal Taan inflation rate declines, with the issuance of metal coins of small denominations in the daily financial transactions, remarkable that 3% of the value of inflation in Iraq due to the presence of large cash block.

The economic expert on behalf of Jamil Anton, noted that he may not find coins accepted by a lot of Iraqis, especially young people, due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century.

______________________________________________________________

BGG (Dinar Guru) – [SIGR Report…THIS REPORT WAS SENT TO CONGRESS…(it appears to be from May of ~~2014~~). IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.] This is…from the “Special Inspector General for Iraq Reconstruction” – May 2014, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them. I point out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now. Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…This is PUBLISHED INFO FOLKS…NOT HEARSAY…

Correction – as I relayed, I was unsure about several details surrounding this report and it’s actual delivery. It appears it was delivered to the US Congress in May of 2012 – having been finalized and dated Apr 30th, 2012… then referred to again in 2013 as being delivered to the US Congress “last May”. BGG

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

Coins put on the market !! (Flashback article)

She said in her statement Albjara “The project will take between four and five years, and which will be the launch of the categories of small coins gradually.”

The economic expert on behalf of Jamil Anton, noted that he may not find metal coins accepted by a lot of Iraqis, especially young people, due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century

waradana.com

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Thursday-June-9th-2015&p=128477#post128477

______________________________________________________________

Breitling (Dinar Guru) – …If I was to go to court and someone would say…”you said it [the dinar] was going to come out at a buck seventeen.” I’d say, No, I didn’t say that…the Iraqi Parliament said that. The CBI’s made those statements…I just followed it. “Well you said that it would come out after a while after they reduced the note count to a certain number that there target rate is $3.25.” I didn’t say that…The CBI made that statement. The Ministry of Planning made that statement. Parliament made that statement to the IMF when they asked if the IMF can help them regain their economy so they can get back to their original rate. That’s how you should play the game. There is no guessing…time frame is what we’re battling against. If you guys only knew you wouldn’t worry because it’s a reality thats coming down the road. None of this is based on hype.

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

Iraqi banks association with representatives of the u.s. Treasury Iraqi banks updates

Iraqi private banks Association discussed with a team of u.s. Treasury akhralmstgdat belonging to the banking sector in Iraq, and Iraqi private banks Association representatives provided a comprehensive overview of development banking constraints and delimiters facing private banks, as referring to the Association’s efforts to develop efficient banking sector particularly in combating money laundering and financing of terrorism, through training of workers in this sector in cooperation with the Foundation for global ACAMS.

The us Treasury representatives referred to the decision of the Central Bank regarding stop 300 banking company for the purpose of subjecting them to scrutiny by the Central Bank’s standards, but it’s also the representatives of the u.s. Treasury support for CBI plans for development the sector and banking llmaaiiraldolih in combating money laundering and terrorist financing.

Developing the sector has also been addressed and should overcome to take a real course.

______________________________________________________________

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
______________________________________________________________

Economists Divided Over Deletion Of Zeros

By Amina al-Dahabi for Al-Monitor.

______________________________________________________________

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	1336.133	1335.465
British pound	GBP	1704.444	1703.592
Canadian dollar	CAD	928.078	927.614
Swiss franc	CHF	1226.777	1226.164
Swedish krona	SEK	144.236	144.164
Norwegian krone	NOK	144.097	144.025
Danish krone	DKK	179.695	179.605
Japanese yen	JPY	11.038	11.033
Special Drawing Rights	SDR	1668.263	1667.429

http://www.cbi.iq/

Indicative rates – 06.13.2015

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

Dinar Daily NEWS Blog – June 12th

Posted on June 12, 2016 by BGG

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 06-12-16

Currency Auctions Announcement No. 3218

This daily currency auction was held in the Central Bank of Iraq on the 06-12-2016

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$)	144,146,155
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	144,146,155
Total offers for selling (US$)	—–

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

Life-the way it really is – is a battle not between good and bad, but between bad and worse. – Joseph Brodsky

* Current News *

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Estimate the shadow price of foreign currency:

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

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

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

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

The Republic of Iraq – Ministry of Planning

Dinar Updates “Round Table” Call!!

“for Dinar News – that MATTERS!!”
from 6/09 – click-n-listen

Smart phone user link – Click here

SIGR Report Recap…

THIS REPORT WAS SENT TO CONGRESS LAST MAY (it appears to be from May of 2012). IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This screen shot is from page 84 of the massive SIGR report.

I point out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

BGG – This is PUBLISHED INFO FOLKS… NOT HEARSAY…

______________________________________________________________

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

CBI is preparing to issue a monetary metal parts

(another FLASHBACK…)

Metal coins from the category of 25 fils were in circulation until the nineties of the last century

She said in her statement Albjara Radio Free Iraq, “said the project will take between four and five years, and which will be the launch of the categories of small coins gradually.”

______________________________________________________________

Correction – as I relayed, I was unsure about several details surrounding this report and it’s actual delivery. It appears it was delivered to the US Congress in May of 2012 – having been finalized and dated Apr 30th, 2012… then referred to again in 2013 as being delivered to the US Congress “last May”. BGG

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

Coins put on the market !! (Flashback article)

She said in her statement Albjara “The project will take between four and five years, and which will be the launch of the categories of small coins gradually.”

waradana.com

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Thursday-June-9th-2015&p=128477#post128477

______________________________________________________________

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

Iraqi banks association with representatives of the u.s. Treasury Iraqi banks updates

Developing the sector has also been addressed and should overcome to take a real course.

______________________________________________________________

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
______________________________________________________________

Economists Divided Over Deletion Of Zeros

By Amina al-Dahabi for Al-Monitor.

______________________________________________________________

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	1340.743	1340.072
British pound	GBP	1709.881	1709.026
Canadian dollar	CAD	928.442	927.978
Swiss franc	CHF	1229.585	1228.970
Swedish krona	SEK	145.705	145.632
Norwegian krone	NOK	144.963	144.891
Danish krone	DKK	180.298	180.208
Japanese yen	JPY	11.088	11.083
Special Drawing Rights	SDR	1671.313	1670.477

Indicative rates – 06.12.2015

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

Dinar Daily NEWS Blog – June 10th

Posted on June 10, 2016 by BGG

Word for the day…

Mrs. BGG

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

Currency Auctions Announcement No. 3217

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

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$)	142,409,372
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	142,409,372
Total offers for selling (US$)	—–

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

A long habit of not thinking a thing wrong gives it a superficial appearance of being right. – Thomas Paine

* Current News *

Dinar Updates “Round Table” Call!!

“for Dinar News – that MATTERS!!”
from 6/09 – click-n-listen

Smart phone user link – Click here

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Estimate the shadow price of foreign currency:

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

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

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

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

The Republic of Iraq – Ministry of Planning

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SIGR Report Recap…

THIS REPORT WAS SENT TO CONGRESS LAST MAY (it appears to be from May of 2012). IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This screen shot is from page 84 of the massive SIGR report.

I point out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

BGG – This is PUBLISHED INFO FOLKS… NOT HEARSAY…

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Read More: http://www.dinarupdates.com/observer/
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CBI is preparing to issue a monetary metal parts

(another FLASHBACK…)

Metal coins from the category of 25 fils were in circulation until the nineties of the last century

She said in her statement Albjara Radio Free Iraq, “said the project will take between four and five years, and which will be the launch of the categories of small coins gradually.”

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Correction – as I relayed, I was unsure about several details surrounding this report and it’s actual delivery. It appears it was delivered to the US Congress in May of 2012 – having been finalized and dated Apr 30th, 2012… then referred to again in 2013 as being delivered to the US Congress “last May”. BGG

Read More: http://www.dinarupdates.com/observer/
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Coins put on the market !! (Flashback article)

She said in her statement Albjara “The project will take between four and five years, and which will be the launch of the categories of small coins gradually.”

waradana.com

Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Thursday-June-9th-2015&p=128477#post128477

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Read More: http://www.dinarupdates.com/observer/
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Iraqi banks association with representatives of the u.s. Treasury Iraqi banks updates

Developing the sector has also been addressed and should overcome to take a real course.

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

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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Economists Divided Over Deletion Of Zeros

By Amina al-Dahabi for Al-Monitor.

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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	1344.880	1344.207
British pound	GBP	1722.056	1721.195
Canadian dollar	CAD	931.075	930.610
Swiss franc	CHF	1227.924	1227.310
Swedish krona	SEK	145.699	145.626
Norwegian krone	NOK	146.095	146.022
Danish krone	DKK	180.850	180.760
Japanese yen	JPY	11.042	11.036
Special Drawing Rights	SDR	1673.558	1672.722

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 06-26-16

Personally I’m always ready to learn, although I do not always like being taught. – Winston Churchill

*** Current News ***

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RCookie’s News Recap

Keywords: central policy adopted prevented the financial collapse

Jubouri promised to amend the Banking Act

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“NO KOOLAIDE!!” 6/16 – LIVE CALL w/Q&A!! 7:30pm CST – 641-715-3640 pin#570743

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Banks raise Iraq’s Stock Exchange

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

Economic Council: the face of the central banks to buy bonds to cover the shortage of cash

Indicative rates – 06.26.2015

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 06-23-16

When you believe something can be done, really believe, your mind will find ways to do it. – David Schwartz

*** Current News ***

RCookie’s News Recap

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www.DinarUpdates.com – save as favorite!

Keywords: central policy adopted prevented the financial collapse

Jubouri promised to amend the Banking Act

Dinar Updates “Round Table” Call!!

“NO KOOLAIDE!!” 6/16 – LIVE CALL w/Q&A!! 7:30pm CST – 641-715-3640 pin#570743

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

Banks raise Iraq’s Stock Exchange

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

MPs call for the Federal Court to quickly decide Bgelsta Parliament

Economic Council: the face of the central banks to buy bonds to cover the shortage of cash

CURRENCY CODE SELL BUY

Indicative rates – 06.25.2015

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 06-23-16

Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone. – Frederic Bastiat

*** Current News ***

RCookie’s News Recap

Follow us on twitter @DinarUpdates !!

Don’t MISS – “A SPECIAL NEWS TIME” w/RCookie in DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite!

Keywords: central policy adopted prevented the financial collapse

Jubouri promised to amend the Banking Act

Dinar Updates “Round Table” Call!!

“NO KOOLAIDE!!” 6/16 – LIVE CALL w/Q&A!! 7:30pm CST – 641-715-3640 pin#570743

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

Banks raise Iraq’s Stock Exchange

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

MPs call for the Federal Court to quickly decide Bgelsta Parliament

Economic Council: the face of the central banks to buy bonds to cover the shortage of cash

CURRENCY CODE SELL BUY

Indicative rates – 06.23.2015

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 06-22-16

The authority of those who teach is often an obstacle to those who want to learn. – Marcus Tullius Cicero

*** Current News ***

Iraq: the agreement with the IMF is going according to plan

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Don’t MISS – “NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST

www.DinarUpdates.com – save as favorite!

Keywords: central policy adopted prevented the financial collapse

Jubouri promised to amend the Banking Act

Dinar Updates “Round Table” Call!!

“NO KOOLAIDE!!” 6/16 – LIVE CALL w/Q&A!! 7:30pm CST – 641-715-3640 pin#570743

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

Banks raise Iraq’s Stock Exchange

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

MPs call for the Federal Court to quickly decide Bgelsta Parliament

Economic Council: the face of the central banks to buy bonds to cover the shortage of cash

CURRENCY CODE SELL BUY

* Current News *

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

* Current News *

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

* Current News *

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

* Current News *

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

* Current News *

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

* Current News *

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743