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) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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A man’s rights rest in three boxes. The ballot box, jury box and the cartridge box. – Frederick Douglass

*** Current News ***

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

RCookie NEWS Recap
(from) WEDNESDAY JULY 20TH, 2016

PARLIAMENT

NEW ALLIANCES TO DEVELOP AFTER RESHUFFLE OF PARLIAMENT AFTER REFORM AND OTHER BLOCS COMPOSITION EMERGE..REFORM FRONT WANTS TO AMEND CONSTITUTION AWAY FROM QUOTA SYSTEM AFTER FAILING TO DISMISS PARLIAMENT PRESIDENT…LEGAL EXPERT STATES CONSTITUTION DOES NOT ALLOW FOR QUESTIONING OF MINISTERS WHO HAVE HAD RESIGNATIONS ACCEPTED..PARLIAMENT WILL HOST FORMER INTERIOR MINISTER GHABBAN AND NATIONAL SECURITY SERVICE FAYAD NEXT MONDAY THE 25TH FOR KARRADA BOMBING QUESTIONING…PARLIAMENT FINANCE COMMITTEE STATES HOR 1ST READING OF PARLIAMENT ACT THIS WEEK DOES NOT VIOLATE FED COURT DECISION REQUIRING ANY LAW OF FINANCIAL BEARING OR IMPACT ON BUDGET AND REPRESENT NO NEW PRESIDENTIAL PRIVILEGES OR DETERMINER GRADES FOR SENIOR POSITIONS…CABINET APPROVES ALLOCATION OF $5 BILLION IQD FOR SUPPORT OF LIBERATED AREAS AND IMPLEMENTATION OF SERVICE PROJECTS…ELECTORAL COMMISSION ANNOUNCES FUNDING FOR REGISTRATION 13 NEW PARTIES ADDED TO EXISTING 45 INSTEAD OF OLD PARTIES….PARLIAMENTARY & JUDICIAL SOURCES UNVEIL MEMORANDUM TO SUPREME JUDICIAL COUNCIL & PRES COR REQUESTING LIFTING OF PARL IMMUNITY FOR MP MISHAN JABOURI IN PREPARATION FOR HIS TRIAL INVOLVING EMBEZZLEMENT OF 60 BILLION IQD FROM SALARIES OF STATE EMPLOYEES IN SALAHUDDIN PROVINCE LEADING TO HIS FLEEING TO SYRIA…

INVESTMENT/BUSINESS/ECONOMY

OIL AT $46.61…UNDERSECRETARY OF MINERALS & INDUSTRY MAJEED MEETS WITH GERMAN COMPANY SIEMENS OFFICIALS IN MUNICH THE JOINT COOPERATION DEVELOPMENT OF FACTORIES & LABORATORIES..MP NAJIB ASSERTS THE IMMEDIATE NEED TO DIVERSIFY IRAQ ECONOMY AND RELIANCE ON IMPORTS BECAUSE OF REGIONAL POLITICAL CRISIS & INSTABILITY IN NEIGHBORING TRADE PARTNER COUNTRIES IRAN, JORDAN, SYRIA, TURKEY, SADI ARABIA & KUWAIT….IRAQI PORTS CONTINUE OPERATIONS & SERVICES IN SPITE OF OTHER GOV’T SHUT DOWNS DUE TO EXCESSIVE HEAT TEMPERATURES…UST REPORTS 156 INDIVIDUALS INVOLVED IN THE LOOTING OF PUBLIC MONEY…PLANNING ANNOUNCES THE REDUCTION OF BURDEN ON STATE BUDGET FROM 260 TO 159 BILLION DINARS WITH DELAY OF SOME STRATEGIC PROJECTS…MUTHANNA GOVERNOR ZIADI PROCLAIMS HIS PROVINCE WILL BE FIRST IN CEMENT PRODUCTION WITHING 2 YEARS WITH MULTIPLE PRODUCTION LICENSES PRODUCING MORE THAN 10 MILLION TONS PER YEAR…IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE AND BANK GUARANTEE TO ATTRACT & PROMOTE INVESTMENT AND TRADING SECURITIES ESPECIALLY FOR NON IRAQI INVESTORS INCLUDING NATIONAL SAVINGS IN THE IRAQI ECONOMY THROUGH A WORKSHOP THIS SATURDAY ON GOVERNANCE TO OPERATIONAL PERFORMANCE OF BANKS LISTED ON ISX AS WELL AS ONLINE TRADING MECHANISMS FOR INVESTORS AND WILL HOST EXPERTS FROM SEC ABOUT ELECTRONIC PUBLISHING TECHNIQUES TO INCREASE FOREIGN INVESTMENT IN ISX AND COMMUNICATING DATA TO MARKETPLACE AND LAUNCHING A REAL TIME ONLINE TRADING PLATFORM AND ESTABLISHING AN INVESTORS SPECIALIZED DATA SERVICES CENTER TO DISSEMINATE INVESTMENT AWARENESS.…

SECURITY

US AND IRAQ COORDINATE THE REHABILITATION OF QARRAYAH BASE TO PROVIDE LOGISTICAL SUPPORT FOR BATTLE OF MOSUL OPERATIONS INCLUDING RUNWAY C 130 GIANT SHIPPING…ABADI CONFIRMS INTENTION WITH MOSUL OPERATIONS AND RESTORE “STABILITY” TO LIBERATED AREAS AND RETURNING POPULATIONS…FRENCH DEFENSE MINISTER LE DERIAN STATES THERE WILL BE A COORDINATED COALITION STRIKE AGAINST ISIS IN MOSUL AMID ANSWERING QUESTIONS ABOUT FRENCH SPECIAL FORCES IN LIBYA…COMMANDER OF IRAQI ANTI TERRORISM FORCES ASADI STATES IRAQI FORCES AWAITING ABADIS ORDER TO BREAK INTO CITY OF MOSUL AND LIBERATE CITY FROM ISIS CONTROL…ISF SPOKEMAN ANNOUNCES COMPLETE LIBERATION OF TOWN OF “CUPBOARD” NEAR HADITHA IN ANBAR PROVINCE…25 ISIS ELEMENTS KILLED IN AIR STRIKES ISLAND OF KHALIDIYAH IN HAWIJA PROVINCE…JAFAARI STATES THE US MARINES PRESENCE IN IRAQ IS WILL OF IRAQI FORCES AND NOT OBLIGATORY…ISF SPECIAL OPERATIONS ARRESTS 60 ELEMENTS TRYING TO HIDE AMONG DISPLACED OUTSIDE OF QARRAYAH…GERMANY OPENS 2 NEW PROJECTS TRAINING PESHMERGA FORCES…INTERNATIONAL COALITION CONDUCTS 19 SORTIES I IRAQ & SYRIA…IRAQ CONCLUDES ARMAMENT DEAL WORTH IRAN WHICH INCLUDES DRONES AND COMMUNICATIONS SYSTEMS IN MEETING WITH MASSUM & IRANIAN AMBASSADOR TO STRENGTHEN BILATERAL RELATIONS…FRANCE SENDING AIRCRAFT CARRIER CHARLES DE GAULLE TO PERSIAN GULF FOR ATTACKS ON ISIS IN IRAQ AND SYRIA…KURDS SIGN AGREEMENT WITH WASHINGTON FOR NUS TO BUILD 5 MILITARY BASES IN REGION IN ERBIL (2), DAHUK(2), AND ATRUSH (1) AND UNDER AGREEMENT WILL TRAIN & PAY PESHMERGA FORCES FOR 10 YEARS…

GENERAL

SALEH WILL ATTEND WASH DONOR CONFERENCE AND STATES IRAQ IS IN PROCESS OF TRANSITIONING FROM WAR ECONOMY TO PEACE ECONOMY AND PROVIDE STABILITY TO THE RETURNING CITIZENS…JAFAARI STATES IRAQ HOPES TO PREVENT THE SAUDI MILITARY INTERVENTION AND BAGHDAD SHOCKED AT RECENT ACTIONS BY RIYADH..UN WARNING OF ISIS PRESENCE MOVEMENT TO LIBYA AND NORTHERN AFRICA…UN COMMITS CONTINUED SUPPORT FOR DISPLACED OF TIKRIT AREAS…BRAZILIAN AUTHORITIES PROBING THREATS FROM ISLAMIC STATE DURING OLYMPIC ACTIVITIES…JAFAARI RECEIVES OFFICIAL INVITATION TO ATTEND ARAB SUMMIT…GERMAN FOREIGN MINISTER STATES COMPLETE DEFEAT OF ISIS REQUIRES END TO SECTARIAN VIOLENCE & DIVISION…ABADI MEETS WITH FRENCH STATE MINISTER FOR FOREIGN AFFAIRS DEVELOPMENT VALLIENA & DELEGATION TOWARD SECURITY OPERATIONS AND CARE FOR DISPLACED…CANADA COMMITS $158 MILLION IN HUMANITARIAN SUPPORT AID AND MORE THAN $190 MILLION IN LOANS FOR IRAQI DISPLACED…ABADI ACCEPTED SHARASTINI RESIGNATION TODAY…INTERIOR MINISTRY REVIEWING INVESTMENT PLAN FOR ARMING SECURITY FORMATIONS MOST NOTABLY FEDERAL POLICE…NEW ROADS LINKING FALLUJAH AND BAGHDAD REOPENED AMID NEW SECURITY..US JUSTICE DEPT ACCUSES FRAUD AGAINST COMPANY DYNCOR CONTRACTED TO PROVIDE POLICE SECURITY TRAINING TO IRAQI FORCES AND PHONY BILLING…CITIZENS HAVING PARTICULARS ELECTRICITY AND TELECOMMUNICATION BILLS DUES AND TAXES EXPLAINED TO THEM THROUGH SAMPLE BILLING STATEMENT BREAKDOWNS…GERMANY COMMITS 160 MILLION EUROS TO SUPPORT DISPLACED BEFORE DONORS CONFERENCE AND ADDITIONAL 350 MILLION EUROS IN LOANS..KUWAIT MAKES PRE DONOR CONFERENCE COMMITMENT TO IRAQ SUPPORT OF DISPLACED $176 MILLION HAVING DONATED 6.1 BILLION TO SYRIAN DISPLACED…BRITAIN COMMITS 60 MILLION POUNDS FOR IRAQ’S DISPLACED…

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rcookie (Dinar Guru) –   Article: “Exchange rate and disinformation…Mohammed Sharif Abu Mayssam” Quote:  “…repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar…”   WOW!..A LOT GOING ON HERE!   BRINGING PARALLELS TO FOREIGN RESERVES VALUE RELATIVE TO CURRENT IQD VALUE RATIO…AND WARN OF GUARDING AGAINST THEORIES SUPPORTING THAT AS THE ONLY OR MOST IMPORTANT MARKER…AND GUARD AGAINST OVERVALUING AGAINST CURRENT IMPORT STATUS FOR TRADE CONSIDERATIONS…THAT AUTHOR… MAYSSAM IS A VERY WELL RESPECTED ECONOMIST WRITER FOR ALSABBAH…BUT MANY OF THE POINTS MADE ARE SHARED BY MANY IRAQI ECONOMISTS…

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

Abadi accepts resignation of six cabinet ministers

(IraqiNews.com) BAGHDAD – Prime Minister Haider al-Abadi on Tuesday accepted the resignations of six ministers from the current cabinet.

Abadi’s office in a brief statement said, “The Prime Minister issued orders accepting the resignation of the six ministers.”

MP of Badr Organization was however surprised to see Abadi approving the resignation of the Interior Minister.

A reliable source told Iraqi News on Tuesday that al-Abadi agreed to accept the resignations, submitted by some ministers in the current cabinet, without much haste.

Read More: http://www.iraqinews.com/features/abadi-accepts-resignationsixcabinetministers/utm_content=kuku.io&utm_medium=social&utm_source=facebook.com&utm_campaign=kuku.io

Dinar Updates “The After Call – ReDux”!!

“Immediately following News Time!!”
from 7/18 – “After Call” w/Q&A!!

Smart phone user link – Click here

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Iraq sells more than 400 billion dinars from the treasury of the forward sale of two banks

Twilight News / Iraqi Central Bank announced the sale of more than 400 billion Iraqi dinars, two banks, the sale of treasury-term, after approval from the Ministry of Finance in this regard.

According to a statement of the bank responded to the Twilight News, he ended sive attempts sale of $ 4 billion and twenty million Iraqi dinars and the highest rate cut competitive Bmzaadat (400%) and Tamost yield of 400%.

He added that the number of Almhakerin reached four, and won by two banks in addition to the care of minors and body National Pension Department.

The Iraqi Finance approved a public auction for the sale of remittances Dzenh for 364 days and $ 400 billion dinars.

Read More: http://www.dinarupdates.com/showthread.php?37177-Iraq-sells-more-than-400-billion-dinars-from-treasury-of-forward-sale-of-2-banks

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tlm724 (Dinar Guru) –  “IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?”   “IMF says no reason to devalue Iraqi Dinar“.   I found the direct quote by the IMF mission chief for Iraq Christian Josz on July 14, 2016 on the IMF site…

Read More: http://www.dinarupdates.com/observer/
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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!!)
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rcookie (Dinar Guru) –   “IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE…”   “…TO INCREASE FOREIGN INVESTMENT IN ISX AND COMMUNICATING DATA TO MARKETPLACE AND LAUNCHING A REAL TIME ONLINE TRADING PLATFORM…”  THIS IS ABSOLUTELY HUGE…!  DATA SERVICES CENTER FOR DISSEMENATION OF INVESTMENT AWARENESS!…SEC EXPERTS COMING TO TOWN… OPERATIONAL PERFORMANCE OF BANKS…WOW.  DO YOU THINK THAT HAS ANYTHING TO DO WITH THE WORKSHOP ON 26-28 ON ICAAP…IN SYRIA…IT IS ALL COMING TOGETHER FOLKS.

Read More: http://www.dinarupdates.com/observer/
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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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RCookie NEWS Recap
(from) TUESDAY JULY 19TH, 2016

BUSINESS/INVESTMENT/ECONOMY

OPEC BASKET AT $43.36…AUCTIONS AT $146 MILLION…OIL AT $47.63…NEW WASTE TRETMENT PLANT IN BAGHDAD USING PLASMA TECHNOLOGY…WORLD HERITAGE INCLUSION WILL HAVE DRAMATIC IMPACT ON TOURISM & TRAVEL SECTOR…IRAQ SURPASSED SAUDIN ARABIS AS LARGEST EXPORTER TO INDIA IN SECOND QUARTER…KUWAITS ZAIN TELECOMMUNICATIONS FIGHTING TO RECOVER ASSETS RELEASE EQUITY FROZEN DUE TO TAXES OWED IRAQ THROUGH SHAES LISTED ON IRAQ STOCK EXCHANGE…ISX ANNOUNCES LAUNCH OF TRADING OF SHARES “ASSRIA HOTELS” 7-19-16…DOZENS OF PAPER MILL LABORATORY STAFF DEMANDING THEIR SALARIES IN BASRA…INVESTMENT AUTHORITY MEMBER ZUMILI ASSERTS FURTHER WORK TO ADDRESS & REMOVE OBSTACLES FROM 2ND AMENDMENT OF INVESTMENT LAW NO. 13 (2006) AMENDED OCTOBER 2015 NEEDED IN PROCESS INVOLVING DELIVERY OF LAND TO INVESTORS WITHIN 15 DAYS…SALEH CALLS ON RAFIDAIN & RASHEED BANKS TO EXECUTE ON CBI SME LOANS & PROGRAMS IN DISADVANTAGED AREAS THROUGHOUT COUNTRY..IRAQ COMMITS ITS PARTICIPATION MINISTRY OF INDUSTRY MINERALS IN 85TH INTERNATIONAL FAIR “IZMIR” IN TURKEY AUGUST 26TH FOR 6 DAYS…GOLD AT 218,000 IQD PER WEIGHT…MOF ZEBARI MEETS WITH BASRA GOVERNOR NASROUI AND CONFIRMS PAYMENTS OF STAFF SALARIES IN CONTRACTS AND MOVE TO A DAILY…MINISTRY OF CONSTRUCTION & HOUSING ANNOUNCE HIGH VOLUME OF CONSTRUCTION LICENSE ISSUANCE IN NAJAF COINCIDING WITH HOUSING LOANS…KURDISTAN OIL REVENUES AT $479 MILLION FOR MONTH OF JUNE…SALEH ANNOUNCES GOV’T TREND TO CODIFY APPOINTMENTS IN PUBLIC SECTOR IN TRANSFORMING LABOR MARKET INTO PRIVATE SECTOR IN NEED TO DOWNSIZE REMAINING PUBLIC SECTOR EMPLOYEES TO BE THE BEST AVAILABLE AS PART OF ECONOMIC REFORM AND BURDEN AGAINST STATE BUDGET & STRATEGIC LABOR MARKET ORIENTATION

PARLIAMENT

ABADI ACCEPTS RESIGNATION OF 6 CABINET MEMBERS INCLUDING INTERIOR MINISTER GHABBAN/OIL MINISTER WATER/TRANSPORT/HOUSING/INDUSTRY/…JABOURI STATES PARLIAMENT WILL STUDY FREEDOM OF SPEECH LAW TO STUDY OBJECTIONS & ISSUES RAISED BY ACTIVISTS OF CIVIL & POLITICAL ORGANIZATIONS…ABADI HEADS MEETING OF COMMISSION FOR KARRADA BOMBING RECONSTRUCTION AREA…HOUSE COLLECTS MORE THAN 100 SIGNATURES TO DISMISS SOME MEMBERS SUPREME COUNCIL BOARD OF ELECTIONS…CABINET HELD ITS REGULAR UNDER CHAIRMANSHIP OF ABADI…MINISTRY OF LABOR & SOCIAL AFFAIRS ANNOIUNCE DISTRIBUTION OF 2ND INSTALLMENT OF SOCIAL PROTECTION BENEFITS TO 850,00 RECIPIENTS TOTALING 255.3 BILLION IQD…DEPUTY HEAD OF PARLIAMENTARY LEGAL COMMITTEE SADOUN ANNOUNCE 6 DEPUTIES ARE REQUIRED TO LIFT THEIR IMMUNITY BY REQUEST OF HOR WITH 3 FROM PREVIOUS SESSION…CABINET ANNOUNCES APPROVAL FOR IMPROVEMENTS AND DEVELOPMENT OF BASRA REFINERY THROUGH JICA LOAN FUNDING…MINISTER OF HEALTH HAMOUD ANNOUNCES GOVERNMENT COM APPROVAL OF MEDICAL EVACUATION OUTSIDE THE BORDERS BUDGET…CABINET RULED CONFISCATED LAND & PROPERTY OF FORMER SADAAM HUSSEIN REGIME SENDING TO MINISTRY OF AGRICULTURE INVESTMENT & FINANCIAL DRAFT LAW TO BE FORWARDED TO PARLIAMENT…FOREIGN RELATIONS COMMITTEE MEMBER ALUSI ANNOUNCES JUDICIAL RULINGS & INTERPOL INVESTIGATIONS ARE OPTIMUM MEASURES TO PURSUE & RECOVER STOLEN STATE FUNDS SMUGGLED OUTSIDE OF IRAQ AND INTEGRITY COMMITTEE MEMBER BAHADLI STATING THE MOST DIFFICULT FILES TO RECOVER WILL BE MOD FILES AND STATE PROPERTIES …

SECURITY

MAJOR ISF VICTORIES IN RECOVERING TOWNS & CITIES IN HIGH REGIONS OF EUPHRATES WESTERN AXIS QUICKLY BREAKING ISIS…TURKISH INCIRLIK AIRBASE FULLY OPERATIONAL RESTORED AFTER ATTEMPTED COUP FAILURE…MORE THAN 50% OF ISIS ELEMENTS IN HAWIJA HAVE SHAVED THEIR BEARDS AND FLED EXTRAJUDICIAL…ISF AIR OPERATIONS CONDUCT SORTIES IN HAWIJA SW OF KIRKUK DESTROY ISIS BOMBING AND MINING PLANTS…ISF OPERATIONS IN SHARQAT RESULT IN KILLING 33 ISIS ELEMENTS & DESTROYING BOOBY TRAP PLANT AND COMMUNICATION TOWER OF ISIS…SADR THREATENING MASS DEMONSTRATIONS THIS WEEK & NEXT WEEK IN DISPUTE WITH ABADI OVER REFORM PROGRESS AND REPORTED US GROUND TROOPS INVOLVEMENT IN MOSUL LIBERATION OPERATIONS & ABADI REPLIED THATANY ARMED DEMONSTRATORS WILL BE TREATED AS TERRORISTS BY SPECIAL SECURITY FORCES…INTERNATIONAL COALITION CONDUCT 31 SORTIES IN IRAQ ANS SYRIA…INTERIOR MINISTRY DISCUSSING WITH SECURITY LEADERS WAYS TO INTENSIFY SECURITY AND INTELLIGENCE EFFORTS IN BAGHDAD…DHI QAR AND MUTHANNA PROVINCE CLEANSED OF MINE AND EXPLOSIVE DEVICES…SENIOR IRAQI MILITARY OFFICIAL DECLARES MONITORING OF CRUMBLING ISIS ELEMENTS IN MOSUL & DISAPPEARANCE OF LEADERS AND BREAK BARRIERS OF FEAR WITH SPREAD OF LETTER “M” MARKED ON HOUSES AS ANTI-ISIS RESISTANCE SYMBOL…

GENERAL

ZEBARI IMPOSES INCOME TAX TO ALL STATE EMPLOYEES THROUGH DIRECT DEDUCTION SYSTEM BY COM RESOLUTION NO. 156 AND IN ACCORDANCE WITH IMF LOI/MEFP…US AIMS TO RAISE $2 BILLION FOR IRAQI DISPLACED IN INTERNATIONAL SUPPORT CONFERENCE…MALIKI VISITS THE HALAJBA GOVERNATE TO MEET WITH KURDISH SOCIALIST PARTY LEADER HAJI MAHMOUD WHO IS OLD ALLY IN ANTI BAATH ACTIONS..IRAN THREATENS MILITARY ACTION IN ERBIL IN RESPONSE TO SAUDI ARABIA & KURDS REPLY THE SAUDIS DO NOT SUPPORT THE OPPOSITION FACTIONS… BARZANI READY TO RECEIVE MALIKI IN ERBIL IF REQUESTED TO DO SO…AN ARMED GROUP IN BRAZIL HAS PROCLAIMED ALLEGIANCE TO ISIS…FATLAWI DEMANDS IMMEDIATE INVESTIGATION TO INCIDENT OF ASSAULT ON ALACHAIS SOLDIERS & OFFICERS… MALIKI PRAISES PROGRESS IN AGREEMENT BETWEEN PUK AND “CHANGE” IN KURDISTAN VISIT WHILE CANCEL HALABJA GOVERNATE VISIT…OBEIDI ARRIVES IN WASHINGTON TO ATTEND AMERICAN ALLIANCE AGAINST ISIS CONFERENCE AND FINALIZE MOSUL LIBERATION PLANS…MINISTER OF JUSTICE DECLARES MORE THAN 32,00 DETAINEES IN IRAQ PRISONS & DETENTION AND 45 EXECUTIONS OF TERRORISTS PERFORMED IN 2016…IRAQI POLICE SET TO BEGIN INTENSE TRAINING BY AUSTRALIAN AUTHORITIES IN COMING DAYS…DHI QAR, WASIT. KARBALA AND MAYSAN DISABLE WORKING THE NEXT 2 DAYS BECAUSE OF EXTREME TEMPERATURES…UN STATES IRAN HAS VIOLATED INTERNATIONAL LAW BY SENDING WEAPONS TO VARIOUS FACTIONS INSIDE IRAQ…. INTERIOR MINISTRY KHAZILI LOOKING AT TIMING FOR OPENING OF NATIONAL CARD CIRCLES IN BAGHDAD PROVINCE AND THE REGIONS THROUGH LOGISTICS TASK FORCE…MALIKI CANCELS VISIT TO HALIBJA BECAUSE OF PLANNED DEMONSTRATIONS AGAINST HIM…MUTHANNA PROVINCE TO OFFICIALLY CHANGE NAME TO URUK PROVINCE…
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Indicative rates – 07.20.2015

http://www.cbi.iq/

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www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-20-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-20-2016

The results were as follows:

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

The greatest remedy for anger is delay. – Thomas Paine

*** Current News ***

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

Aggiedad77 (Dinar Guru) –     Article:  “Distribution of financial grants to displaced families in Babylon”   I’m surmising here that the “instrument” for distribution of these funds to the families is likely some kind of card…electronic card…for protection of all involved…another positive sign of good things already in the works…patience…the BEST is yet to come.

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

Abadi accepts resignation of six cabinet ministers

(IraqiNews.com) BAGHDAD – Prime Minister Haider al-Abadi on Tuesday accepted the resignations of six ministers from the current cabinet.

Abadi’s office in a brief statement said, “The Prime Minister issued orders accepting the resignation of the six ministers.”

MP of Badr Organization was however surprised to see Abadi approving the resignation of the Interior Minister.

A reliable source told Iraqi News on Tuesday that al-Abadi agreed to accept the resignations, submitted by some ministers in the current cabinet, without much haste.

Read More: http://www.iraqinews.com/features/abadi-accepts-resignationsixcabinetministers/utm_content=kuku.io&utm_medium=social&utm_source=facebook.com&utm_campaign=kuku.io

Dinar Updates “The After Call – ReDux”!!

“Immediately following News Time!!”
from 7/18 – “After Call” w/Q&A!!

Smart phone user link – Click here

______________________________________________________________

Iraq sells more than 400 billion dinars from the treasury of the forward sale of two banks

Twilight News / Iraqi Central Bank announced the sale of more than 400 billion Iraqi dinars, two banks, the sale of treasury-term, after approval from the Ministry of Finance in this regard.

According to a statement of the bank responded to the Twilight News, he ended sive attempts sale of $ 4 billion and twenty million Iraqi dinars and the highest rate cut competitive Bmzaadat (400%) and Tamost yield of 400%.

He added that the number of Almhakerin reached four, and won by two banks in addition to the care of minors and body National Pension Department.

The Iraqi Finance approved a public auction for the sale of remittances Dzenh for 364 days and $ 400 billion dinars.

Read More: http://www.dinarupdates.com/showthread.php?37177-Iraq-sells-more-than-400-billion-dinars-from-treasury-of-forward-sale-of-2-banks

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wmawhite (Dinar Guru) –   …Maliki still leads a political bloc, all though a minor bloc. Think of a political bloc as an union. A political union within the Iraqi Parliament. If you understand this, it is very understandable that the head of a bloc/union will always be negotiating with other political blocs as well as their leaders.  This is life…it is the way their political life runs from day to day.

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!!)
______________________________________________________________

rcookie (Dinar Guru) –   PARLIAMENT TODAY…VOTED IN PRESENCE OF 236 DEPUTIES…SALE & LEASE OF STATE PROPERTY LAW NO. 21 (2013)  AS WELL AS PLANNING FOR COMMITTEE TO AMEND CONSTITUTION…1ST READING ON 5 BILLS AS WELL AS DISCUSSION TO LIFT IMMUNITY FOR 9 MP’S…17 TOTAL MP’S BUT 8 HAVE RETIRED AND NO LONGER HAVE IMMUNITY…LEGAL AFFAIRS COMMITTEE WILL DECIDE WITHIN 2 WEEKS…AS WELL AS PURSUIT TO DISMISS MP’S WHO HAVE EXCEEDED ABSENTEE THRESHOLD…ABSOLUTELY HUGE LEGISLATIVE DAY…AND SETTING UP WHAT LOOKS TO BE HUGE LEGISLATIVE WEEK AND SESSION TERM…

Read More: http://www.dinarupdates.com/observer/
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Maliki Legend “electronic army” in the media and is funded by public money

Leaks showed “Integrity Committee” in the Iraqi parliament, that former Prime Minister Nuri al – Maliki , and during the years of his rule eight of the country, pay the monthly salaries of public money to dozens of writers, journalists and activists to bleach his image, and attacking his critics or opponents, as well as broadcast rumors.

According to a senior member of the Committee on parliamentary integrity, Maliki was involved recruiting “letter Army” works in his favor since mid-2009, and until today, he managed both his son and Srah, noting that “the army comprises about 80 journalists locally and dozens of activists on networking sites, were recorded salaries of them withholding of salaries of the Iraqi media network , “pointing out that” a number of members of the integrity Commission filed a report to the Prime Minister Haider al – Abadi contains information on such a large army , which is funded from the state budget. ”

He explained Lists that “about 200 thousand dollars at least, all of the state funds, paid monthly for the benefit of journalists and writers and different personalities as well as activists and officials of the pages to meet Telmaahm Maliki’s image, or to attack opponents of the Sadrist movement, the Kurdistan Democratic Party, headed by Massoud Barzani, and the Union of Iraqi forces and others.

Comes leaks days at the end of the sharp differences between the leaders of the “National Alliance” ruling the country after, was evacuated, “the agency tomorrow Press” Iraqi widespread, details of the cease-Maliki mail army attack on the head of the Iraqi Islamic Supreme Council Ammar al-Hakim build on a truce between the two sides .

The spread dozens of pages and accounts to communicate “Facebook” and “Twitter” sites a number of them the names refer to “support al-Maliki,” and “supporters of Mokhtar Age,” and “supporters of the third term of the owners,” and “Son of Iraq”, and “safety valve” and others, at a time when al-Maliki has five newspapers and three TV stations.

Commenting on the leaks, he said a member of the civil power of the Iraqi Jaafar called for “new Arab” The “electronic army of owners known for years, which is not new at all,” adding that it “is no different from the armies of politicians but it is funded from the general budget of the state and across different covers network media or support efforts or other projects. ”

Talib added that “each political army electronically, but Maliki ‘s army is stronger and wider, where he bought receivables lot of journalists , ” and expressed his belief that “disclosure of such information may be linked to the return of the Cold War between Maliki and the cleric Moqtada al – Sadr and bickering through the media “and urged” the Supreme Judicial Council to intervene and open an investigation into the leaks. ”

Read More: http://www.dinarupdates.com/showthread.php?37194-Maliki-Legend-quot-electronic-army-quot-in-the-media-and-is-funded-by-public-money-7-18

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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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RCookie NEWS Recap
(from) MONDAY JULY 18TH, 2016

PARLIAMENT

PARLIAMENT LEGAL COMMITTEE ANNOUNCES FEDERAL COURT LEGAL INCLUSION FOR PUBLIC VOTE ON GENERAL AMNESTY LAW NEXT WEEK AND JABOURI TO PUBLISH NAMES OF DEPUTIES WHO REFUSE TO VOTE WHILE DECLARING NATIONAL GUARD LAW NOT READY AT THIS TIME WITH MAJOR DIFFERENCES…PARLIAMENT CALLS FOR NAMES SUBMITTED FOR COMMITTEE SELECTION TO AMEND THE IRAQI CONSTITUTION AND SUBMIT PROPOSAL FOR PUBLIC REFERENDUM…COMMISSION ON LABOR & SOCIAL AFFAIRS CALLING ON ABADI TO PASS PENSION LAW & SECURITY FOR WORKERS…HOR VOTED ON DRAFT LAW FOR UNIVERSITIES ELIGIBILITY TODAY…PARLIAMENT COMMITTEE ON CULTURE & INFORMATION DISCUSS 4 CONTENTIOUS POINTS REDUCED TO 2 IN FREEDOM OF EXPRESSION & PEACEFUL PROTEST LAW…HOR VOTES ON 3 BILLS (PRESENCE OF 200 DEPUTIES) GENERAL AUTHORITY ACT TO ENSURE PROVINCIAL RIGHTS/DRAFT LAW ON CIVIL UNIVERSITIES & COLLEGE/PROJECT INTEGRATING MINISTRIES/DISCUSSION ON IMPROVING MIDDLE SCHOOL RATES/1ST READING DRAFT LAW TRANSFER OF SENTENCED PERSONS BETWEEN IRAQ & BRITAIN & NORTHERN IRELAND PLUS COMMITTEES TO DISCUSS KARRADA BOMBING INVESTIGATION AND FOLLOW UP SUPPORT FOR VICTIMS IN PRIVATE SESSION….LABOR MINISTER SUDANI & PRESIDENT OF FEDERATION OF INDUSTRIES ANNOUNCES PLAN T DEVELOP “MICRO CREDIT” PROGRAM TOWARD ESTABLISHMENT OF PRIVATE SECTOR INDUSTRIAL PROJECTS…NATIONAL COALITION TO HOLD REGULAR MEETING TO DISCUSS REGIONAL & NATIONAL DEVELOPMENTS…CITIZEN BLOC REP SHAWKI REVEALS NAMES OF 19 MP’S FOR REMOVAL OF IMMUNITY IN PREVIOUS SESSION WITH 3 REMAINING NEEDED FOR CURRENT SESSION DUE TO VIOLATION OF ABSENCES RULES.…PARL INTEGRITY CHAIR ZOBAIE ANNOUNCES THE EXISTENCE OF A NUMBER OF CORRUPTION FILES OF MINISTERS AND MINISTRIES THAT WILL BE REVEALED IN THE COMING DAYS…

GENERAL

BAGHDAD MUNICIPALITY DISCUSS PROPOSAL TO CLOSE KARRADA STREET PERMANENTLY TO AUTO TRAFFIC…MALIKLI TRAVELS TO SULAYIMANIYAH TO MEET WITH “CHANGE” AND POLITICAL LEADERS OF PATRIOTIC UNION…FRONT REFORM STATING TIME FOR EARLY DISMISSAL OF 3 PRESIDENCIES…JAFAARI OPENS IRAQI CONSULATE IN US CITY OF DETROIT…INT’L CONFERENCE THIS COMING WEEKEND IN WASHINGTON FOR SUPPORT TOWARDS RESETTLING OF DISPLACED IN LIBERATED AREAS THROUGH SERIES OF GRANTS…MOD OBEIDI HEADS TO WASHINGTON TO PARTICIPATE IN INTERNATIONAL COALITION ON COMBATING ISIS…IRAQ REFUSES TO ABOLISH THE DEATH PENALTY AND PROCEEDS WITH FILES OF 20 TERRORISTS…IRAQ SIGNS AGREEMENT WITH CHINA TO RECEIVE #170 MILLION FOR CARE & SUPPORT OF THE DISPLACED…PLANNING REPORTS IRAQ POPULATION NOW AT 36 MILLION PEOPLE…ISIS QUIETLY PLANNING FOR END OF CALIPHATE…DHI QAR ANNOUNCES NEED OF 1400 MW ELECTRICITY TO PROVIDE 24 HOUR SERVICE AND LOOKING FOR EARLY RELEASE OF 2017 BUDGET FUNDS TO SUPPORT ANTIQUITIES & MARSHES EFFORTS TOWARD WORLD HERITAGE ANNOUNCEMENT AND JABOURI CALLING TO ACTIVATE ALL TOURISM PROJECTS IN MARSHES…ANBAR TRIBES REPORT ONLY 10% OF LAND OCCUPIED BY ISIS…INSPECTOR GENERAL & INTERIOR ANNOUNCE ARREST OF INDIVIDUALS EMBEZZLING 100 BILLION IQD THROUGH RASHEED BANK OFFICER BY PHONY CBI LOAN PROCESSING THROUGH FICTITIOUS PERSONS…SADR DISTANCING HIMSELF FROM MASSES DEMONSTRATION ORGANIZATION AND LEAVES TO SELF DETERMINATION EMPOWERMENT AND THREATENS US FORCES GROUND PARTICIPATION…MALIKI STATES REGIONAL SALARIES NOT THE RESPONSIBILITY OF BAGHDAD AND ASSERTS OIL DELIVERY IRREGULARITIES FROM KURD REGION…ALEXANDRIA COURT DECLARES REVIEW OF 100 CASES PER DAY AND 1700 CASES PER YEAR IN BABYLON AS THE NATIONS HEAVIEST JUDICIAL LOADS…SADR STATES FREEDOM OF EXPRESSION LAW WILL NOT TAKE APPROVAL OF CORRUPT TO DEMONSTRATE AGAINST THE CORRUPT…UN KUBIS AND NUMEROUS WORLD LEADERS CONGRATULATE ABADI AND IRAQI CITIZENS ON ANNOUNCEMENT OF INCLUSION “PRESTIGIOUS STATUS” TO WORLD HERITAGE LIST…GERMANY ASSERTS TO UN THAT MORE THAN 1 MILLION IRAQIS HUMANITARIAN CRISIS WILL FLEE IRAQ IN THE COMING MONTHS AND REQUIRE $2 BILLION IN GLOBAL SUPPORT…IRAQ AND FRENCH OFFICIALS DISCUSS BUILDING NEW EDUCATIONAL SYSTEMS FROM GROUND UP….

SECURITY

IRAQI FORCES LIBERATE TOWN OF AOUSJA SOUTH OF MOSUL AND RAISE IRAQI FLAG…INTERIOR ANNOUNCES OPENING & IMPLEMENTATION OF SITRAT “SONAR” MOBILE EXPLOSIVE DETECTION DEVICES IN MULTIPLE ENTRANCES TO BAGHDAD…ABADI CHAIRS MEETING OF NATIONAL SECURITY COUNCIL…69 ISIS ELEMENTS KILLED AND 500 IED’S DESTROYED IN FULL EDITING OF ANBAR “CUPBOARD” AREA…INTERNATIONAL COALITION LAUNCHES 23 SORTIES IN IRAQ & SYRIA…FRENCH DEFENSE MINISTER STATES GOV’T COMMITMENT TO CONTINUE PARTICIPATION IN OPERATIONS AGAINST ISIS IN IRAQ & SYRIA…MP ASHWAQ MAKES PLEA TO ABADI & JABOURI FOR IMMEDIATE MILITARY ACTION TO LIBERATE SHARQAT IN ORDER TO AVERT HUMANITARIAN DISASTER ON OUTSKIRTS OF OCCUPIED AREAS…UN DECLARES IRAQI FORCES ATTACK ON MOSUL WOULD BRING DEVASTATING CIVILIAN CASUALTIES AND MASS DISPLACEMENT CONSEQUENCES…IRAQI FLAG RAISED OVER THE WHEEL AND SECURING THE SOUTHERN BANK OF THE EUPHRATES RIVER….
INVESTMENT /BUSINESS/FINANCE

CBI ANNOUNCES RELEASE OF NEW COMMEMORATIVE BANKNOTE ACKNOWLEDGING THE UNESCO ANNOUNCEMENT OF MARSHES INCLUSION TO WORLD HERITAGE LIST…OIL FALLS TO $47.25….AUCTIONS AT $159 MILLION DOLLARS…CBI ANNOUNCES SALE OF 400 BILLION DINARS FROM TREASURY OF FORWARD SALE OF 2 BANKS AFTER APPROVAL OF MINISTRY OF FINANCE THAT ARE PART OF PROGRAM TO WITHDRAWAL LIQUIDITY FROM BANKS & FINANCIAL ENTITIES THAT CAN AFFORD AND PROVIDE TO ABANDON LIQUIDITY AND GET A RETURN IN THE INVESTMENT PROCESS NATIONAL TREASURY ON A MONTHLY BASIS…KARBALA & WASIT SEEK TO ATTRACT COMPANIES TO ENGAGE INTERNATIONAL INVESTMENT PROJECTS…WORKSHOP FOR BASEL II & III COMPLIANCE OF ICAAP (INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS) IN SYRIA NEXT WEEK JULY 25-28TH FOR NEW REQUIREMENTS OF FINANCIAL INSTITUTIONS AND PILLAR I AND PILLAR II MINIMUM CAPITAL REQUIREMENTS INCLUDING STOCKHOLDERS AND SUFFICIENT RISK ASSESSMENT & MANAGEMENT AND MITIGATION SYSTEMS TO MINIMIZE CAPITAL REQUIREMENTS AND INCLUDE STRESS TESTING TECHNIQUES AND ROLE OF BOARD MEMBER MGMT & INVOLVEMENT…UAE COMPANY (ENI IRAQ)WINS SECONDARY CONTRACT OIL & GAS ENGINEERING DESIGNS WORTH $61 MILLION FOR ZUBAIR OIL FIELD…PLANNING FORECASTING INCREASE OF WHEAT PPRODUCTIONOF 9%…BASRA GOVERNATE COUNCIL PROPOSES ESTABLISHMENT OF INTERNATIONAL CONFERENCE TO SUPPORT IRAQ’S ECONOMY UNDER AUSPICES OF UNITED NATIONS…ZEBARI MEETS WITH HEAD OF FINANCE COMMITTEE MEET TO DISCUSS AND ASSESS THE PROVINCES FINANCIAL NEEDS WITH GOVERNOR OF BASRA NASOURI…
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Indicative rates – 07.20.2015

http://www.cbi.iq/

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-18-16

Currency Auctions Announcement No. 3241

This daily currency auction was held in the Central Bank of Iraq on the 07-18-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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Small minded people believe you are rejecting morality when you reject their visions of morality. – Will Spencer

*** Current News ***

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

Aggiedad77 (Dinar Guru) –     Article:  “Distribution of financial grants to displaced families in Babylon”   I’m surmising here that the “instrument” for distribution of these funds to the families is likely some kind of card…electronic card…for protection of all involved…another positive sign of good things already in the works…patience…the BEST is yet to come.

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

A public hearing to vote on a legal Federal Court, amnesty next week (details)

Orbit News – Parliamentary Legal Committee, announced on Monday, the Federal Court for legal inclusion of general amnesty to vote on the parliamentary agenda next week, indicating that the vote will be made ​​public.

The committee member said Ibtisam al- Hilali in a press statement, that ‘the House of Representatives plans to vote on important laws that serve the Iraqi people directly and there is a consensus in parliament on it’, adding that ‘ the National Guard Law by major differences and it is difficult to pass in the coming period. ”

And it showed Hilali said ‘next week will vote on the legal and amnesty of the Federal Court, but federal law requires the presence of a third of the members of the House of Representatives and the quorum is difficult to achieve’, adding that ‘parliament speaker promised to broadcast the vote on the federal law, amnesty in public hearing in order to know the Iraqis of the political forces that refuse to vote. ‘

Read More: http://www.dinarupdates.com/showthread.php?37189-A-public-hearing-to-vote-on-a-legal-Federal-Court-amnesty-next-week-(details)-7-18

Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
from 7/18 – LIVE CALL w/Q&A!!

from 7/13 – Smart phone user link – Click here

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Iraq sells more than 400 billion dinars from the treasury of the forward sale of two banks

Twilight News / Iraqi Central Bank announced the sale of more than 400 billion Iraqi dinars, two banks, the sale of treasury-term, after approval from the Ministry of Finance in this regard.

According to a statement of the bank responded to the Twilight News, he ended sive attempts sale of $ 4 billion and twenty million Iraqi dinars and the highest rate cut competitive Bmzaadat (400%) and Tamost yield of 400%.

He added that the number of Almhakerin reached four, and won by two banks in addition to the care of minors and body National Pension Department.

The Iraqi Finance approved a public auction for the sale of remittances Dzenh for 364 days and $ 400 billion dinars.

Read More: http://www.dinarupdates.com/showthread.php?37177-Iraq-sells-more-than-400-billion-dinars-from-treasury-of-forward-sale-of-2-banks

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wmawhite (Dinar Guru) –   …Maliki still leads a political bloc, all though a minor bloc. Think of a political bloc as an union. A political union within the Iraqi Parliament. If you understand this, it is very understandable that the head of a bloc/union will always be negotiating with other political blocs as well as their leaders.  This is life…it is the way their political life runs from day to day.

Read More: http://www.dinarupdates.com/observer/
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rcookie (Dinar Guru) –   PARLIAMENT TODAY…VOTED IN PRESENCE OF 236 DEPUTIES…SALE & LEASE OF STATE PROPERTY LAW NO. 21 (2013)  AS WELL AS PLANNING FOR COMMITTEE TO AMEND CONSTITUTION…1ST READING ON 5 BILLS AS WELL AS DISCUSSION TO LIFT IMMUNITY FOR 9 MP’S…17 TOTAL MP’S BUT 8 HAVE RETIRED AND NO LONGER HAVE IMMUNITY…LEGAL AFFAIRS COMMITTEE WILL DECIDE WITHIN 2 WEEKS…AS WELL AS PURSUIT TO DISMISS MP’S WHO HAVE EXCEEDED ABSENTEE THRESHOLD…ABSOLUTELY HUGE LEGISLATIVE DAY…AND SETTING UP WHAT LOOKS TO BE HUGE LEGISLATIVE WEEK AND SESSION TERM…

Read More: http://www.dinarupdates.com/observer/
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Maliki Legend “electronic army” in the media and is funded by public money

Leaks showed “Integrity Committee” in the Iraqi parliament, that former Prime Minister Nuri al – Maliki , and during the years of his rule eight of the country, pay the monthly salaries of public money to dozens of writers, journalists and activists to bleach his image, and attacking his critics or opponents, as well as broadcast rumors.

According to a senior member of the Committee on parliamentary integrity, Maliki was involved recruiting “letter Army” works in his favor since mid-2009, and until today, he managed both his son and Srah, noting that “the army comprises about 80 journalists locally and dozens of activists on networking sites, were recorded salaries of them withholding of salaries of the Iraqi media network , “pointing out that” a number of members of the integrity Commission filed a report to the Prime Minister Haider al – Abadi contains information on such a large army , which is funded from the state budget. ”

He explained Lists that “about 200 thousand dollars at least, all of the state funds, paid monthly for the benefit of journalists and writers and different personalities as well as activists and officials of the pages to meet Telmaahm Maliki’s image, or to attack opponents of the Sadrist movement, the Kurdistan Democratic Party, headed by Massoud Barzani, and the Union of Iraqi forces and others.

Comes leaks days at the end of the sharp differences between the leaders of the “National Alliance” ruling the country after, was evacuated, “the agency tomorrow Press” Iraqi widespread, details of the cease-Maliki mail army attack on the head of the Iraqi Islamic Supreme Council Ammar al-Hakim build on a truce between the two sides .

The spread dozens of pages and accounts to communicate “Facebook” and “Twitter” sites a number of them the names refer to “support al-Maliki,” and “supporters of Mokhtar Age,” and “supporters of the third term of the owners,” and “Son of Iraq”, and “safety valve” and others, at a time when al-Maliki has five newspapers and three TV stations.

Commenting on the leaks, he said a member of the civil power of the Iraqi Jaafar called for “new Arab” The “electronic army of owners known for years, which is not new at all,” adding that it “is no different from the armies of politicians but it is funded from the general budget of the state and across different covers network media or support efforts or other projects. ”

Talib added that “each political army electronically, but Maliki ‘s army is stronger and wider, where he bought receivables lot of journalists , ” and expressed his belief that “disclosure of such information may be linked to the return of the Cold War between Maliki and the cleric Moqtada al – Sadr and bickering through the media “and urged” the Supreme Judicial Council to intervene and open an investigation into the leaks. ”

Read More: http://www.dinarupdates.com/showthread.php?37194-Maliki-Legend-quot-electronic-army-quot-in-the-media-and-is-funded-by-public-money-7-18

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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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Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF  (photo: Sabah Arar/REX/Newscom)

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

• Iraqi economy faces double shock of lower oil prices, rising security challenges
• IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
• Program includes measures to protect the poor, curb corruption

The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability.

The loan will be provided under the Stand-By Arrangement facility and also includes measures to protect vulnerable populations—critical in a time of ongoing conflict, which has resulted in over 4 million internally displaced people.

The program builds upon the success of the recent Staff-Monitored Program, which the authorities started in November 2015 to address the double shock of ISIS attacks and the sharp drop in global oil prices, and will help close a financing gap of about $18 Billion.

Speaking to IMF News, Christian Josz, IMF mission chief for Iraq, explains the underlying reasons for the loan and the main goals of the IMF-supported program.

IMF News: Why is Iraq requesting financial assistance from the IMF now?

Josz: Iraq has been hit with a double shock for an extended time period. First, the ISIS insurgency since mid-2014 has created a humanitarian and social crisis that unfolded into millions of internally displaced persons, with destruction to assets and infrastructure leading to disruptions in production and in trade routes. The non-oil economy sharply contracted as a result. Second, the steep fall in global oil prices—on which Iraq depends almost entirely for its government revenue—has made the situation worse, culminating in both internal and external imbalances, large and rising budget deficits and increasing public debt, as well as losses in official foreign exchange reserves and some pressure on the Iraqi Dinar.

As a result, the Iraqi authorities approached the IMF with a request for emergency assistance, and we worked with the authorities to provide emergency financing of US$1.2 billion in July 2015 under the Rapid Financing Instrument. However, the intensification of the two shocks thereafter led the authorities to request a longer-term engagement with us that would not only address the fallout from the crisis, but also lay the ground for long-delayed, deep-seated reforms. In this vein, a staff-monitored program (a program with no attached lending) started in November 2015—at the Authorities’ request—to instill the necessary conditions, and build the required capacity and track record to move to the current Stand-By Arrangement.

IMF News: What are the key policy components of Iraq’s program and how will it help the country?

Josz: The program is designed with a focus on four key elements: reduce budget spending and restore public finances to a healthy state and stabilize debt; protect spending on the social front to ease the lives of the poorest, internally displaced people and refugees; improve the quality of public spending and prevent accumulation of unpaid debt through improvements in public financial management; and begin the process of restructuring state-owned banks to reduce their dominance in the banking system, thereby mitigating financial sector risks and preserving the sector’s stability.

IMF News: How has Iraq’s economy been affected by ongoing conflicts and will this hinder the program’s implementation?

Josz: On the one hand, the non-oil economy contracted by 19 percent in 2015 and is expected to continue to contract in 2016. On the other hand, the oil sector, thus far spared by the ravages of war, grew by 13 percent in 2015 and by more than 20 percent during the first five months of 2016, helping to support the broader economy, critical budget outlays, and official foreign exchange reserves amid the double shock.

While there are risks to program implementation—such as the fight against ISIS, subdued global oil prices, and uncertainty around the budget sharing agreement between the federal government and the Kurdistan Regional Government—the policy responses outlined above will help stabilize Iraq’s economy.

IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?

Josz: Iraq has maintained a peg to the U.S. dollar for years, and it has served the Iraqi economy well. The peg helps provide stability amidst a highly uncertain environment, especially with policy capacity weakened by the fight against ISIS. Under current circumstances and given the nature of the shocks, moving towards more exchange rate flexibility would not be warranted for two key reasons.

First, Iraq is predominantly an oil exporter, and devaluing the Dinar would have minimal bearing on the economy’s overall trade competitiveness. Second, there is a notable degree of import dependence—almost half of Iraq’s consumption needs are imported—and devaluation would immediately trigger a spike in inflation for most food and other consumer goods, which would exacerbate already difficult social tensions. The authorities are committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar under these circumstances, and we support this view.

IMF News: How will the program help protect the poor and internally displaced populations?

Josz: The program has set a floor on a number of budget items that are considered crucial for social spending, with the objective of protecting the most vulnerable. This covers spending directed towards the social safety net, the public distribution system (subsidies on food items, wheat, rice), agricultural product subsidies, transfers and assistance for internally displaced populations and refugees, and spending for salaries and goods and services by the ministries of health and education.

IMF News: What measures could the Iraqi government take now to lay the basis for private sector‑led growth in the future?

Josz: By preserving macroeconomic stability, including debt sustainability, the Iraqi authorities are laying the ground for private sector development. By maintaining fiscal discipline, they will create the fiscal space to pay their suppliers and international oil companies on time, which is essential to maintain financial sector stability and oil production. Furthermore, the authorities can also spur private sector-led growth by restructuring state-owned enterprises—including the six state-owned banks—and prioritizing investment projects, such as in the electricity sector, which will help improve infrastructure development.

http://www.imf.org/en/News/Articles/2016/07/12/14/31/NA071416-Iraq-Gets-IMF-Loan-to-Support-Economic-Stability
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http://www.cbi.iq/

Indicative rates – 07.18.2015

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

www.DinarUpdates.com

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) 07-17-16

Currency Auctions Announcement No. 3240

This daily currency auction was held in the Central Bank of Iraq on the 07-17-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you. – Pericles (430 B.C)

*** Current News ***

Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):

1.eetm the use of plastic money and made of material plastic polymer high-efficiency rather than paper made from cotton material and paper used in the money industry today and that are exposed to rapid deterioration use life short and the movement of disease transition and endemic and infectious bunches bacterial with it and move on to people when you touch Kalmndel infested.

2. plastic money outlive most of its peers paper twice a number of years and do not affect the high temperatures and humidity, water, dyes, crushing and does not allow the formation of clusters of bacterial Ovairoseh.

3. plastic money security features very high degree forgery make it almost impossible to 99.9%.

4. plastic money can be recycled after it is damaged and the use of new raw materials reduces costs to a very high percentage Unlike paper that Taathra and lose parts and comes with stickers or dyes, which burned and then buried. Nor used as the raw material.

5.alncod plastic as far as being the most evolved its industry costs less than the cost of paper-based counterparts.

6.dol world began a gradual transition to plastic money instead of paper and the first Arab state of Kuwait is applied to the new currency system.

– Of Iraqi cash reserves of $ 53 billion for the year 2016
– Iraq has reserves of 90 tons of gold
.. This is the cover of the Iraqi dinar.

Iraqi currency:

– It must be the value of the Iraqi dinar to reflect the value of this financial cover
– And who is currently (1118) dinars to one US dollar
(According to the Central Bank of the price, of course), a very low value of digitally ..
Make it difficult to deal externally Dinars let alone inside Iraq.
Iraq needs to restructure its currency (Iraqi dinar):
1. Delete the zeros phantom inflation inherited from the siege and war ..
2. Be the dollar value of 1 is equal to 1 dinar and 118 fils.
3.eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.

Re-evaluate the value of the dinar:

Iraqi dinar code globally DI, and Fils F
1. The re-evaluation of the Iraqi dinar, where every dinar equivalent of 100 fils and not 1000
And that each 1 $ = 1 DI and 18 fils.
2. production units metal younger groups most heavily for many Astkhamat payment and collection of taxes and fees and the rapid public attitudes and privacy, public transport, ATM and Lafrath in the markets)

It produces metal categories:

– AED 10 fils
– Quarter of a dinar 25 fils
– Half KD 50 fils
-danar 1 and is equal to 100 fils, as well as the issuance of paper has increased by only 20%.

If the improvement in the Iraqi economy, industrial and agricultural sectors, tourism and housing via the investment Add categories are less fils are 1 and 2 fils and 5 fils future …

3. paper categories plastic polymer made of plastic resistant to damage and bacteria and fraud, namely:

-1 Dinars only 20% paper and 80 metal
Dinars -5
BD -10
25 dinars
JD 50

100 dinars limited trading major category of banking transactions and large international investment and business deals. They are forcing banks to deploy ATMs in every province and spend according to the market and the population density and the development of piggy banks levy metal sheet positions to collect mineral groups service fees compared to the corner the whole car managed .. The introduction of credit card banks digital money ..

iraaqi.com

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wmawhite (Dinar Guru) –   [What would they need to safeguard and protect if they were just going to stay at 1166. Or not enter the global economy?  1166 is there current safeguard.]  Very good point…one of the current safeguards is the lack of value.  Banks outside of Iraq is no upside to accept (exchanging and holding) the IQD because of its value. In other words, they do not see it as an asset to hold. So, as…you ask, what is there to safeguard?    unless…?

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

Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
from 7/18 – LIVE CALL w/Q&A!!

from 7/13 – Smart phone user link – Click here

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ECONOMIC ADVISER TO EBADI – INTERNATIONAL FUND APPROVES STANDBY CREDIT AGREEMENT WITH IRAQ

BAGHDAD / IBN – Economic Adviser to the President of the Council of Ministers confirmed the appearance of Mohammed Saleh, “The Executive Board of the International Fund approved a standby credit with Iraq on 7 July of the current agreement.

Saleh said on Thursday, in a statement to the Iraqi network transmitter (IBN) “The fund was launched in the history of 12 of July of this batch of the loan allocated for Iraq and the $ 634 million out of the total amount of 5.3 billion dollars.”

He added that “Iraq will receive this year in two installments of $ 2 billion, one in the next month of September, and the second at the end of this year to support the Iraqi budget and the economic sector in general within the fund, which will be extended to 36 months, which expires in August 2019 program.”

He noted that “the loan for five years on all installments payable after five years from the date of receipt of an interest rate (1.5%) and that on the top priorities of the Fund program is the reform of financial administration in Iraq and governance of financial operations in terms of payment systems and the transparency of financial data and amending some laws financial, including financial management and adjustment of the integrity Commission Act in line with the United Nations anti-corruption law. ”

“The first batch received by Iraq of the loan will go to the gates of exchange in the budget, the doors of social exchange such as social welfare, health, education and the ration card and the affairs of the displaced and then comes the other requirements.”

ibnnews.net

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rcookie (Dinar Guru) –   Article:  “Jabouri to calls for the nomination of the names of the committee to amend the constitution within one week”  THIS IS HUGE…THE TABLE IS SET AND GROUNDWORK LAID FOR THE COMMITTEE TO OVERSEE CHANGES TO IRAQI CONSTITUTION THAT ARE ON TABLE AND CUED UP…  CONSTITUTIONAL AMENDMENT AND REVIEW COMMITTEE NAMED TODAY…THEY HAVE SET THE TABLE FOR THE PARLIAMENT TO GET DONE WHAT THEY NEED TO…70 PLUS LAWS ON TABLE…INCLUDING ONES THAT INVOLVE CONSTITUTIONAL AMENDMENT…

Read More: http://www.dinarupdates.com/observer/
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rcookie (Dinar Guru) –   […does anyone know what we would like to see happen with Turkey… to help with our investment…Who do we want in control of Turkey?]  Personally – one way or the other, I don’t think it matters that much…  [you do not think what happen over turkey will cause a problem with our investment…?]   I do not.

Read More: http://www.dinarupdates.com/observer/
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Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF  (photo: Sabah Arar/REX/Newscom)

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

• Iraqi economy faces double shock of lower oil prices, rising security challenges
• IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
• Program includes measures to protect the poor, curb corruption

The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability.

The loan will be provided under the Stand-By Arrangement facility and also includes measures to protect vulnerable populations—critical in a time of ongoing conflict, which has resulted in over 4 million internally displaced people.

The program builds upon the success of the recent Staff-Monitored Program, which the authorities started in November 2015 to address the double shock of ISIS attacks and the sharp drop in global oil prices, and will help close a financing gap of about $18 Billion.

Speaking to IMF News, Christian Josz, IMF mission chief for Iraq, explains the underlying reasons for the loan and the main goals of the IMF-supported program.

IMF News: Why is Iraq requesting financial assistance from the IMF now?

Josz: Iraq has been hit with a double shock for an extended time period. First, the ISIS insurgency since mid-2014 has created a humanitarian and social crisis that unfolded into millions of internally displaced persons, with destruction to assets and infrastructure leading to disruptions in production and in trade routes. The non-oil economy sharply contracted as a result. Second, the steep fall in global oil prices—on which Iraq depends almost entirely for its government revenue—has made the situation worse, culminating in both internal and external imbalances, large and rising budget deficits and increasing public debt, as well as losses in official foreign exchange reserves and some pressure on the Iraqi Dinar.

As a result, the Iraqi authorities approached the IMF with a request for emergency assistance, and we worked with the authorities to provide emergency financing of US$1.2 billion in July 2015 under the Rapid Financing Instrument. However, the intensification of the two shocks thereafter led the authorities to request a longer-term engagement with us that would not only address the fallout from the crisis, but also lay the ground for long-delayed, deep-seated reforms. In this vein, a staff-monitored program (a program with no attached lending) started in November 2015—at the Authorities’ request—to instill the necessary conditions, and build the required capacity and track record to move to the current Stand-By Arrangement.

IMF News: What are the key policy components of Iraq’s program and how will it help the country?

Josz: The program is designed with a focus on four key elements: reduce budget spending and restore public finances to a healthy state and stabilize debt; protect spending on the social front to ease the lives of the poorest, internally displaced people and refugees; improve the quality of public spending and prevent accumulation of unpaid debt through improvements in public financial management; and begin the process of restructuring state-owned banks to reduce their dominance in the banking system, thereby mitigating financial sector risks and preserving the sector’s stability.

IMF News: How has Iraq’s economy been affected by ongoing conflicts and will this hinder the program’s implementation?

Josz: On the one hand, the non-oil economy contracted by 19 percent in 2015 and is expected to continue to contract in 2016. On the other hand, the oil sector, thus far spared by the ravages of war, grew by 13 percent in 2015 and by more than 20 percent during the first five months of 2016, helping to support the broader economy, critical budget outlays, and official foreign exchange reserves amid the double shock.

While there are risks to program implementation—such as the fight against ISIS, subdued global oil prices, and uncertainty around the budget sharing agreement between the federal government and the Kurdistan Regional Government—the policy responses outlined above will help stabilize Iraq’s economy.

IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?

Josz: Iraq has maintained a peg to the U.S. dollar for years, and it has served the Iraqi economy well. The peg helps provide stability amidst a highly uncertain environment, especially with policy capacity weakened by the fight against ISIS. Under current circumstances and given the nature of the shocks, moving towards more exchange rate flexibility would not be warranted for two key reasons.

First, Iraq is predominantly an oil exporter, and devaluing the Dinar would have minimal bearing on the economy’s overall trade competitiveness. Second, there is a notable degree of import dependence—almost half of Iraq’s consumption needs are imported—and devaluation would immediately trigger a spike in inflation for most food and other consumer goods, which would exacerbate already difficult social tensions. The authorities are committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar under these circumstances, and we support this view.

IMF News: How will the program help protect the poor and internally displaced populations?

Josz: The program has set a floor on a number of budget items that are considered crucial for social spending, with the objective of protecting the most vulnerable. This covers spending directed towards the social safety net, the public distribution system (subsidies on food items, wheat, rice), agricultural product subsidies, transfers and assistance for internally displaced populations and refugees, and spending for salaries and goods and services by the ministries of health and education.

IMF News: What measures could the Iraqi government take now to lay the basis for private sector‑led growth in the future?

Josz: By preserving macroeconomic stability, including debt sustainability, the Iraqi authorities are laying the ground for private sector development. By maintaining fiscal discipline, they will create the fiscal space to pay their suppliers and international oil companies on time, which is essential to maintain financial sector stability and oil production. Furthermore, the authorities can also spur private sector-led growth by restructuring state-owned enterprises—including the six state-owned banks—and prioritizing investment projects, such as in the electricity sector, which will help improve infrastructure development.

http://www.imf.org/en/News/Articles/2016/07/12/14/31/NA071416-Iraq-Gets-IMF-Loan-to-Support-Economic-Stability

______________________________________________________________

BGG (Dinar Guru) –   [Todays parliament meeting…on the whole package laws.]  personally – I don’t think that is what we are waiting on – good for Iraq, yes. Required for us… I doubt. [Do you think there is ANY chance they will lop?]  I do not.

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

______________________________________________________________

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
______________________________________________________________

Agency US: IMF loan eases the financial crisis in Iraq and believes lending twenty billion dollars

He described the agency US credit rating and financial services, on Thursday, the agreement signed between Iraq and the International Monetary Fund to “positive” for their contribution to reducing the fiscal deficit suffered, while confirming that it would allow Iraq to get close to twenty billion dollars from the Fund and other countries loans.

The agency said the MODIS (Moody’s) in a statement seen by (long-Presse), “The Stand-By agreement signed between Iraq and the International Monetary Fund, amounting to up to five billion and 340 million dollars, a positive because it will improve the liquidity pace and reducing the severity of the fiscal deficit in the its balance of payments. ”

The agency added that “the agreement ratified by the executive body of the International Monetary Fund last week, giving way to provide another global financial assistance to Iraq worth $ 15 billion over the next three years to improve the situation of the country’s economy which was damaged fall in oil rates since mid-2014, as well as battles charged with being waged against al Daash. ”

The financial advisor to the prime minister revealed the appearance of Mohammed Saleh, in (27 May 2016), for Iraq, for “financial umbrella” international convergence of twenty billion dollars, as a result of its agreement with the International Monetary Fund.

And Moody’s (Moody’s Corporation) is a holding company, founded by John Moody in 1909, owns Moody’s service for investors Moody’s Investors Service based economic research and financial analysis and evaluation of private and government in terms of financial institutions and credit strength, and controls nearly 40 percent of the assessment of credit market In the world.

Article Link
______________________________________________________________

Indicative rates – 07.17.2015

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

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) 07-13-16

Currency Auctions Announcement No. 3239

This daily currency auction was held in the Central Bank of Iraq on the 07-13-2016

The results were as follows:

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

Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you. – Pericles (430 B.C)

*** Current News ***

Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):

1.eetm the use of plastic money and made of material plastic polymer high-efficiency rather than paper made from cotton material and paper used in the money industry today and that are exposed to rapid deterioration use life short and the movement of disease transition and endemic and infectious bunches bacterial with it and move on to people when you touch Kalmndel infested.

2. plastic money outlive most of its peers paper twice a number of years and do not affect the high temperatures and humidity, water, dyes, crushing and does not allow the formation of clusters of bacterial Ovairoseh.

3. plastic money security features very high degree forgery make it almost impossible to 99.9%.

4. plastic money can be recycled after it is damaged and the use of new raw materials reduces costs to a very high percentage Unlike paper that Taathra and lose parts and comes with stickers or dyes, which burned and then buried. Nor used as the raw material.

5.alncod plastic as far as being the most evolved its industry costs less than the cost of paper-based counterparts.

6.dol world began a gradual transition to plastic money instead of paper and the first Arab state of Kuwait is applied to the new currency system.

– Of Iraqi cash reserves of $ 53 billion for the year 2016
– Iraq has reserves of 90 tons of gold
.. This is the cover of the Iraqi dinar.

Iraqi currency:

– It must be the value of the Iraqi dinar to reflect the value of this financial cover
– And who is currently (1118) dinars to one US dollar
(According to the Central Bank of the price, of course), a very low value of digitally ..
Make it difficult to deal externally Dinars let alone inside Iraq.
Iraq needs to restructure its currency (Iraqi dinar):
1. Delete the zeros phantom inflation inherited from the siege and war ..
2. Be the dollar value of 1 is equal to 1 dinar and 118 fils.
3.eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.

Re-evaluate the value of the dinar:

Iraqi dinar code globally DI, and Fils F
1. The re-evaluation of the Iraqi dinar, where every dinar equivalent of 100 fils and not 1000
And that each 1 $ = 1 DI and 18 fils.
2. production units metal younger groups most heavily for many Astkhamat payment and collection of taxes and fees and the rapid public attitudes and privacy, public transport, ATM and Lafrath in the markets)

It produces metal categories:

– AED 10 fils
– Quarter of a dinar 25 fils
– Half KD 50 fils
-danar 1 and is equal to 100 fils, as well as the issuance of paper has increased by only 20%.

If the improvement in the Iraqi economy, industrial and agricultural sectors, tourism and housing via the investment Add categories are less fils are 1 and 2 fils and 5 fils future …

3. paper categories plastic polymer made of plastic resistant to damage and bacteria and fraud, namely:

-1 Dinars only 20% paper and 80 metal
Dinars -5
BD -10
25 dinars
JD 50

100 dinars limited trading major category of banking transactions and large international investment and business deals. They are forcing banks to deploy ATMs in every province and spend according to the market and the population density and the development of piggy banks levy metal sheet positions to collect mineral groups service fees compared to the corner the whole car managed .. The introduction of credit card banks digital money ..

iraaqi.com

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

wmawhite (Dinar Guru) –   Article quote:  “ABDUL MAHDI STATES AT ECONOMIC SEMINAR 400-500 THOSAND PEOPLE BEING PREPARED ANNUALLY FOR LABOR MARKET AND SOLUTIONS TOWARD ACTIVATING THE PRIVATE SECTOR”  This is huge…otherwise, what is there for them to prepare the citizens for?  The private sector is coming.

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

Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
from 7/13 – LIVE CALL w/Q&A!!

Smart phone user link – Click here

______________________________________________________________

ECONOMIC ADVISER TO EBADI – INTERNATIONAL FUND APPROVES STANDBY CREDIT AGREEMENT WITH IRAQ

BAGHDAD / IBN – Economic Adviser to the President of the Council of Ministers confirmed the appearance of Mohammed Saleh, “The Executive Board of the International Fund approved a standby credit with Iraq on 7 July of the current agreement.

Saleh said on Thursday, in a statement to the Iraqi network transmitter (IBN) “The fund was launched in the history of 12 of July of this batch of the loan allocated for Iraq and the $ 634 million out of the total amount of 5.3 billion dollars.”

He added that “Iraq will receive this year in two installments of $ 2 billion, one in the next month of September, and the second at the end of this year to support the Iraqi budget and the economic sector in general within the fund, which will be extended to 36 months, which expires in August 2019 program.”

He noted that “the loan for five years on all installments payable after five years from the date of receipt of an interest rate (1.5%) and that on the top priorities of the Fund program is the reform of financial administration in Iraq and governance of financial operations in terms of payment systems and the transparency of financial data and amending some laws financial, including financial management and adjustment of the integrity Commission Act in line with the United Nations anti-corruption law. ”

“The first batch received by Iraq of the loan will go to the gates of exchange in the budget, the doors of social exchange such as social welfare, health, education and the ration card and the affairs of the displaced and then comes the other requirements.”

ibnnews.net

______________________________________________________________

rcookie (Dinar Guru) –   Article quote:  “BRITISH AMBASSADOR FRANK BAKER VISITS MUTHANA PROVINCE GOVERNOR ZIADI AND DECLARES DESIRE OF BRITISH COMPANIES TO INVEST IN THE ENERGY, OIL AND AGRICULTURE SECTORS…”   THIS IS JUST 1 OF 2 MEETINGS WITH AMBASSADORS TODAY WHERE COUNTIES ARE ANNOUNCING THEIR INTENTION AND READINESS TO ENGAGE INT’L INVESTMENT AND BUSINESS WITH IRAQ.

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!!)
______________________________________________________________

Kaperoni (Dinar Guru) –   Quote:  “…the Iraqi Dinar ‘investment opportunity’ is a scam that has existed for more than a decade and has regained some of its former popularity…”  Surely, the concept of  “overnight” riches so often stated…makes this by definition a scam. That said, the potential for Iraq laid out in various documents including the IMF, WB etc. clearly show the upside potential for Iraq, which if achieved, would increase the value of the currency significantly. We just have to wait for that potential to come to fruition.  There is nothing “to get to the bottom of,” it’s already well documented.

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

Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF  (photo: Sabah Arar/REX/Newscom)

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

• Iraqi economy faces double shock of lower oil prices, rising security challenges
• IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
• Program includes measures to protect the poor, curb corruption

The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability.

The loan will be provided under the Stand-By Arrangement facility and also includes measures to protect vulnerable populations—critical in a time of ongoing conflict, which has resulted in over 4 million internally displaced people.

The program builds upon the success of the recent Staff-Monitored Program, which the authorities started in November 2015 to address the double shock of ISIS attacks and the sharp drop in global oil prices, and will help close a financing gap of about $18 Billion.

Speaking to IMF News, Christian Josz, IMF mission chief for Iraq, explains the underlying reasons for the loan and the main goals of the IMF-supported program.

IMF News: Why is Iraq requesting financial assistance from the IMF now?

Josz: Iraq has been hit with a double shock for an extended time period. First, the ISIS insurgency since mid-2014 has created a humanitarian and social crisis that unfolded into millions of internally displaced persons, with destruction to assets and infrastructure leading to disruptions in production and in trade routes. The non-oil economy sharply contracted as a result. Second, the steep fall in global oil prices—on which Iraq depends almost entirely for its government revenue—has made the situation worse, culminating in both internal and external imbalances, large and rising budget deficits and increasing public debt, as well as losses in official foreign exchange reserves and some pressure on the Iraqi Dinar.

As a result, the Iraqi authorities approached the IMF with a request for emergency assistance, and we worked with the authorities to provide emergency financing of US$1.2 billion in July 2015 under the Rapid Financing Instrument. However, the intensification of the two shocks thereafter led the authorities to request a longer-term engagement with us that would not only address the fallout from the crisis, but also lay the ground for long-delayed, deep-seated reforms. In this vein, a staff-monitored program (a program with no attached lending) started in November 2015—at the Authorities’ request—to instill the necessary conditions, and build the required capacity and track record to move to the current Stand-By Arrangement.

IMF News: What are the key policy components of Iraq’s program and how will it help the country?

Josz: The program is designed with a focus on four key elements: reduce budget spending and restore public finances to a healthy state and stabilize debt; protect spending on the social front to ease the lives of the poorest, internally displaced people and refugees; improve the quality of public spending and prevent accumulation of unpaid debt through improvements in public financial management; and begin the process of restructuring state-owned banks to reduce their dominance in the banking system, thereby mitigating financial sector risks and preserving the sector’s stability.

IMF News: How has Iraq’s economy been affected by ongoing conflicts and will this hinder the program’s implementation?

Josz: On the one hand, the non-oil economy contracted by 19 percent in 2015 and is expected to continue to contract in 2016. On the other hand, the oil sector, thus far spared by the ravages of war, grew by 13 percent in 2015 and by more than 20 percent during the first five months of 2016, helping to support the broader economy, critical budget outlays, and official foreign exchange reserves amid the double shock.

While there are risks to program implementation—such as the fight against ISIS, subdued global oil prices, and uncertainty around the budget sharing agreement between the federal government and the Kurdistan Regional Government—the policy responses outlined above will help stabilize Iraq’s economy.

IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?

Josz: Iraq has maintained a peg to the U.S. dollar for years, and it has served the Iraqi economy well. The peg helps provide stability amidst a highly uncertain environment, especially with policy capacity weakened by the fight against ISIS. Under current circumstances and given the nature of the shocks, moving towards more exchange rate flexibility would not be warranted for two key reasons.

First, Iraq is predominantly an oil exporter, and devaluing the Dinar would have minimal bearing on the economy’s overall trade competitiveness. Second, there is a notable degree of import dependence—almost half of Iraq’s consumption needs are imported—and devaluation would immediately trigger a spike in inflation for most food and other consumer goods, which would exacerbate already difficult social tensions. The authorities are committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar under these circumstances, and we support this view.

IMF News: How will the program help protect the poor and internally displaced populations?

Josz: The program has set a floor on a number of budget items that are considered crucial for social spending, with the objective of protecting the most vulnerable. This covers spending directed towards the social safety net, the public distribution system (subsidies on food items, wheat, rice), agricultural product subsidies, transfers and assistance for internally displaced populations and refugees, and spending for salaries and goods and services by the ministries of health and education.

IMF News: What measures could the Iraqi government take now to lay the basis for private sector‑led growth in the future?

Josz: By preserving macroeconomic stability, including debt sustainability, the Iraqi authorities are laying the ground for private sector development. By maintaining fiscal discipline, they will create the fiscal space to pay their suppliers and international oil companies on time, which is essential to maintain financial sector stability and oil production. Furthermore, the authorities can also spur private sector-led growth by restructuring state-owned enterprises—including the six state-owned banks—and prioritizing investment projects, such as in the electricity sector, which will help improve infrastructure development.

http://www.imf.org/en/News/Articles/2016/07/12/14/31/NA071416-Iraq-Gets-IMF-Loan-to-Support-Economic-Stability

______________________________________________________________

BGG (Dinar Guru) –   [Todays parliament meeting…on the whole package laws.]  personally – I don’t think that is what we are waiting on – good for Iraq, yes. Required for us… I doubt. [Do you think there is ANY chance they will lop?]  I do not.

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

______________________________________________________________

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
______________________________________________________________

Agency US: IMF loan eases the financial crisis in Iraq and believes lending twenty billion dollars

He described the agency US credit rating and financial services, on Thursday, the agreement signed between Iraq and the International Monetary Fund to “positive” for their contribution to reducing the fiscal deficit suffered, while confirming that it would allow Iraq to get close to twenty billion dollars from the Fund and other countries loans.

The agency said the MODIS (Moody’s) in a statement seen by (long-Presse), “The Stand-By agreement signed between Iraq and the International Monetary Fund, amounting to up to five billion and 340 million dollars, a positive because it will improve the liquidity pace and reducing the severity of the fiscal deficit in the its balance of payments. ”

The agency added that “the agreement ratified by the executive body of the International Monetary Fund last week, giving way to provide another global financial assistance to Iraq worth $ 15 billion over the next three years to improve the situation of the country’s economy which was damaged fall in oil rates since mid-2014, as well as battles charged with being waged against al Daash. ”

The financial advisor to the prime minister revealed the appearance of Mohammed Saleh, in (27 May 2016), for Iraq, for “financial umbrella” international convergence of twenty billion dollars, as a result of its agreement with the International Monetary Fund.

And Moody’s (Moody’s Corporation) is a holding company, founded by John Moody in 1909, owns Moody’s service for investors Moody’s Investors Service based economic research and financial analysis and evaluation of private and government in terms of financial institutions and credit strength, and controls nearly 40 percent of the assessment of credit market In the world.

Article Link

______________________________________________________________

http://www.cbi.iq/

Indicative rates – 07.16.2015

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-13-16

Currency Auctions Announcement No. 3239

This daily currency auction was held in the Central Bank of Iraq on the 07-13-2016

The results were as follows:

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

Our minds possess by nature an insatiable desire to know the truth. – Cicero

*** Current News ***

Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):

1.eetm the use of plastic money and made of material plastic polymer high-efficiency rather than paper made from cotton material and paper used in the money industry today and that are exposed to rapid deterioration use life short and the movement of disease transition and endemic and infectious bunches bacterial with it and move on to people when you touch Kalmndel infested.

2. plastic money outlive most of its peers paper twice a number of years and do not affect the high temperatures and humidity, water, dyes, crushing and does not allow the formation of clusters of bacterial Ovairoseh.

3. plastic money security features very high degree forgery make it almost impossible to 99.9%.

4. plastic money can be recycled after it is damaged and the use of new raw materials reduces costs to a very high percentage Unlike paper that Taathra and lose parts and comes with stickers or dyes, which burned and then buried. Nor used as the raw material.

5.alncod plastic as far as being the most evolved its industry costs less than the cost of paper-based counterparts.

6.dol world began a gradual transition to plastic money instead of paper and the first Arab state of Kuwait is applied to the new currency system.

– Of Iraqi cash reserves of $ 53 billion for the year 2016
– Iraq has reserves of 90 tons of gold
.. This is the cover of the Iraqi dinar.

Iraqi currency:

– It must be the value of the Iraqi dinar to reflect the value of this financial cover
– And who is currently (1118) dinars to one US dollar
(According to the Central Bank of the price, of course), a very low value of digitally ..
Make it difficult to deal externally Dinars let alone inside Iraq.
Iraq needs to restructure its currency (Iraqi dinar):
1. Delete the zeros phantom inflation inherited from the siege and war ..
2. Be the dollar value of 1 is equal to 1 dinar and 118 fils.
3.eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.

Re-evaluate the value of the dinar:

Iraqi dinar code globally DI, and Fils F
1. The re-evaluation of the Iraqi dinar, where every dinar equivalent of 100 fils and not 1000
And that each 1 $ = 1 DI and 18 fils.
2. production units metal younger groups most heavily for many Astkhamat payment and collection of taxes and fees and the rapid public attitudes and privacy, public transport, ATM and Lafrath in the markets)

It produces metal categories:

– AED 10 fils
– Quarter of a dinar 25 fils
– Half KD 50 fils
-danar 1 and is equal to 100 fils, as well as the issuance of paper has increased by only 20%.

If the improvement in the Iraqi economy, industrial and agricultural sectors, tourism and housing via the investment Add categories are less fils are 1 and 2 fils and 5 fils future …

3. paper categories plastic polymer made of plastic resistant to damage and bacteria and fraud, namely:

-1 Dinars only 20% paper and 80 metal
Dinars -5
BD -10
25 dinars
JD 50

100 dinars limited trading major category of banking transactions and large international investment and business deals. They are forcing banks to deploy ATMs in every province and spend according to the market and the population density and the development of piggy banks levy metal sheet positions to collect mineral groups service fees compared to the corner the whole car managed .. The introduction of credit card banks digital money ..

iraaqi.com

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

wmawhite (Dinar Guru) –   Article quote:  “ABDUL MAHDI STATES AT ECONOMIC SEMINAR 400-500 THOSAND PEOPLE BEING PREPARED ANNUALLY FOR LABOR MARKET AND SOLUTIONS TOWARD ACTIVATING THE PRIVATE SECTOR”  This is huge…otherwise, what is there for them to prepare the citizens for?  The private sector is coming.

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

Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
from 7/13 – LIVE CALL w/Q&A!!

Smart phone user link – Click here

______________________________________________________________

ECONOMIC ADVISER TO EBADI – INTERNATIONAL FUND APPROVES STANDBY CREDIT AGREEMENT WITH IRAQ

BAGHDAD / IBN – Economic Adviser to the President of the Council of Ministers confirmed the appearance of Mohammed Saleh, “The Executive Board of the International Fund approved a standby credit with Iraq on 7 July of the current agreement.

Saleh said on Thursday, in a statement to the Iraqi network transmitter (IBN) “The fund was launched in the history of 12 of July of this batch of the loan allocated for Iraq and the $ 634 million out of the total amount of 5.3 billion dollars.”

He added that “Iraq will receive this year in two installments of $ 2 billion, one in the next month of September, and the second at the end of this year to support the Iraqi budget and the economic sector in general within the fund, which will be extended to 36 months, which expires in August 2019 program.”

He noted that “the loan for five years on all installments payable after five years from the date of receipt of an interest rate (1.5%) and that on the top priorities of the Fund program is the reform of financial administration in Iraq and governance of financial operations in terms of payment systems and the transparency of financial data and amending some laws financial, including financial management and adjustment of the integrity Commission Act in line with the United Nations anti-corruption law. ”

“The first batch received by Iraq of the loan will go to the gates of exchange in the budget, the doors of social exchange such as social welfare, health, education and the ration card and the affairs of the displaced and then comes the other requirements.”

ibnnews.net

______________________________________________________________

rcookie (Dinar Guru) –   Article quote:  “BRITISH AMBASSADOR FRANK BAKER VISITS MUTHANA PROVINCE GOVERNOR ZIADI AND DECLARES DESIRE OF BRITISH COMPANIES TO INVEST IN THE ENERGY, OIL AND AGRICULTURE SECTORS…”   THIS IS JUST 1 OF 2 MEETINGS WITH AMBASSADORS TODAY WHERE COUNTIES ARE ANNOUNCING THEIR INTENTION AND READINESS TO ENGAGE INT’L INVESTMENT AND BUSINESS WITH IRAQ.

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!!)
______________________________________________________________

Kaperoni (Dinar Guru) –   Quote:  “…the Iraqi Dinar ‘investment opportunity’ is a scam that has existed for more than a decade and has regained some of its former popularity…”  Surely, the concept of  “overnight” riches so often stated…makes this by definition a scam. That said, the potential for Iraq laid out in various documents including the IMF, WB etc. clearly show the upside potential for Iraq, which if achieved, would increase the value of the currency significantly. We just have to wait for that potential to come to fruition.  There is nothing “to get to the bottom of,” it’s already well documented.

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

Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF  (photo: Sabah Arar/REX/Newscom)

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

• Iraqi economy faces double shock of lower oil prices, rising security challenges
• IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
• Program includes measures to protect the poor, curb corruption

The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability.

The loan will be provided under the Stand-By Arrangement facility and also includes measures to protect vulnerable populations—critical in a time of ongoing conflict, which has resulted in over 4 million internally displaced people.

The program builds upon the success of the recent Staff-Monitored Program, which the authorities started in November 2015 to address the double shock of ISIS attacks and the sharp drop in global oil prices, and will help close a financing gap of about $18 Billion.

Speaking to IMF News, Christian Josz, IMF mission chief for Iraq, explains the underlying reasons for the loan and the main goals of the IMF-supported program.

IMF News: Why is Iraq requesting financial assistance from the IMF now?

Josz: Iraq has been hit with a double shock for an extended time period. First, the ISIS insurgency since mid-2014 has created a humanitarian and social crisis that unfolded into millions of internally displaced persons, with destruction to assets and infrastructure leading to disruptions in production and in trade routes. The non-oil economy sharply contracted as a result. Second, the steep fall in global oil prices—on which Iraq depends almost entirely for its government revenue—has made the situation worse, culminating in both internal and external imbalances, large and rising budget deficits and increasing public debt, as well as losses in official foreign exchange reserves and some pressure on the Iraqi Dinar.

As a result, the Iraqi authorities approached the IMF with a request for emergency assistance, and we worked with the authorities to provide emergency financing of US$1.2 billion in July 2015 under the Rapid Financing Instrument. However, the intensification of the two shocks thereafter led the authorities to request a longer-term engagement with us that would not only address the fallout from the crisis, but also lay the ground for long-delayed, deep-seated reforms. In this vein, a staff-monitored program (a program with no attached lending) started in November 2015—at the Authorities’ request—to instill the necessary conditions, and build the required capacity and track record to move to the current Stand-By Arrangement.

IMF News: What are the key policy components of Iraq’s program and how will it help the country?

Josz: The program is designed with a focus on four key elements: reduce budget spending and restore public finances to a healthy state and stabilize debt; protect spending on the social front to ease the lives of the poorest, internally displaced people and refugees; improve the quality of public spending and prevent accumulation of unpaid debt through improvements in public financial management; and begin the process of restructuring state-owned banks to reduce their dominance in the banking system, thereby mitigating financial sector risks and preserving the sector’s stability.

IMF News: How has Iraq’s economy been affected by ongoing conflicts and will this hinder the program’s implementation?

Josz: On the one hand, the non-oil economy contracted by 19 percent in 2015 and is expected to continue to contract in 2016. On the other hand, the oil sector, thus far spared by the ravages of war, grew by 13 percent in 2015 and by more than 20 percent during the first five months of 2016, helping to support the broader economy, critical budget outlays, and official foreign exchange reserves amid the double shock.

While there are risks to program implementation—such as the fight against ISIS, subdued global oil prices, and uncertainty around the budget sharing agreement between the federal government and the Kurdistan Regional Government—the policy responses outlined above will help stabilize Iraq’s economy.

IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?

Josz: Iraq has maintained a peg to the U.S. dollar for years, and it has served the Iraqi economy well. The peg helps provide stability amidst a highly uncertain environment, especially with policy capacity weakened by the fight against ISIS. Under current circumstances and given the nature of the shocks, moving towards more exchange rate flexibility would not be warranted for two key reasons.

First, Iraq is predominantly an oil exporter, and devaluing the Dinar would have minimal bearing on the economy’s overall trade competitiveness. Second, there is a notable degree of import dependence—almost half of Iraq’s consumption needs are imported—and devaluation would immediately trigger a spike in inflation for most food and other consumer goods, which would exacerbate already difficult social tensions. The authorities are committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar under these circumstances, and we support this view.

IMF News: How will the program help protect the poor and internally displaced populations?

Josz: The program has set a floor on a number of budget items that are considered crucial for social spending, with the objective of protecting the most vulnerable. This covers spending directed towards the social safety net, the public distribution system (subsidies on food items, wheat, rice), agricultural product subsidies, transfers and assistance for internally displaced populations and refugees, and spending for salaries and goods and services by the ministries of health and education.

IMF News: What measures could the Iraqi government take now to lay the basis for private sector‑led growth in the future?

Josz: By preserving macroeconomic stability, including debt sustainability, the Iraqi authorities are laying the ground for private sector development. By maintaining fiscal discipline, they will create the fiscal space to pay their suppliers and international oil companies on time, which is essential to maintain financial sector stability and oil production. Furthermore, the authorities can also spur private sector-led growth by restructuring state-owned enterprises—including the six state-owned banks—and prioritizing investment projects, such as in the electricity sector, which will help improve infrastructure development.

http://www.imf.org/en/News/Articles/2016/07/12/14/31/NA071416-Iraq-Gets-IMF-Loan-to-Support-Economic-Stability

______________________________________________________________

BGG (Dinar Guru) –   [Todays parliament meeting…on the whole package laws.]  personally – I don’t think that is what we are waiting on – good for Iraq, yes. Required for us… I doubt. [Do you think there is ANY chance they will lop?]  I do not.

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

______________________________________________________________

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
______________________________________________________________

Agency US: IMF loan eases the financial crisis in Iraq and believes lending twenty billion dollars

He described the agency US credit rating and financial services, on Thursday, the agreement signed between Iraq and the International Monetary Fund to “positive” for their contribution to reducing the fiscal deficit suffered, while confirming that it would allow Iraq to get close to twenty billion dollars from the Fund and other countries loans.

The agency said the MODIS (Moody’s) in a statement seen by (long-Presse), “The Stand-By agreement signed between Iraq and the International Monetary Fund, amounting to up to five billion and 340 million dollars, a positive because it will improve the liquidity pace and reducing the severity of the fiscal deficit in the its balance of payments. ”

The agency added that “the agreement ratified by the executive body of the International Monetary Fund last week, giving way to provide another global financial assistance to Iraq worth $ 15 billion over the next three years to improve the situation of the country’s economy which was damaged fall in oil rates since mid-2014, as well as battles charged with being waged against al Daash. ”

The financial advisor to the prime minister revealed the appearance of Mohammed Saleh, in (27 May 2016), for Iraq, for “financial umbrella” international convergence of twenty billion dollars, as a result of its agreement with the International Monetary Fund.

And Moody’s (Moody’s Corporation) is a holding company, founded by John Moody in 1909, owns Moody’s service for investors Moody’s Investors Service based economic research and financial analysis and evaluation of private and government in terms of financial institutions and credit strength, and controls nearly 40 percent of the assessment of credit market In the world.

Article Link

______________________________________________________________

http://www.cbi.iq/

Indicative rates – 07.15.2015

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-13-16

Currency Auctions Announcement No. 3239

This daily currency auction was held in the Central Bank of Iraq on the 07-13-2016

The results were as follows:

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

Our minds possess by nature an insatiable desire to know the truth. – Cicero

*** Current News ***

Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):

1.eetm the use of plastic money and made of material plastic polymer high-efficiency rather than paper made from cotton material and paper used in the money industry today and that are exposed to rapid deterioration use life short and the movement of disease transition and endemic and infectious bunches bacterial with it and move on to people when you touch Kalmndel infested.

2. plastic money outlive most of its peers paper twice a number of years and do not affect the high temperatures and humidity, water, dyes, crushing and does not allow the formation of clusters of bacterial Ovairoseh.

3. plastic money security features very high degree forgery make it almost impossible to 99.9%.

4. plastic money can be recycled after it is damaged and the use of new raw materials reduces costs to a very high percentage Unlike paper that Taathra and lose parts and comes with stickers or dyes, which burned and then buried. Nor used as the raw material.

5.alncod plastic as far as being the most evolved its industry costs less than the cost of paper-based counterparts.

6.dol world began a gradual transition to plastic money instead of paper and the first Arab state of Kuwait is applied to the new currency system.

– Of Iraqi cash reserves of $ 53 billion for the year 2016
– Iraq has reserves of 90 tons of gold
.. This is the cover of the Iraqi dinar.

Iraqi currency:

– It must be the value of the Iraqi dinar to reflect the value of this financial cover
– And who is currently (1118) dinars to one US dollar
(According to the Central Bank of the price, of course), a very low value of digitally ..
Make it difficult to deal externally Dinars let alone inside Iraq.
Iraq needs to restructure its currency (Iraqi dinar):
1. Delete the zeros phantom inflation inherited from the siege and war ..
2. Be the dollar value of 1 is equal to 1 dinar and 118 fils.
3.eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.

Re-evaluate the value of the dinar:

Iraqi dinar code globally DI, and Fils F
1. The re-evaluation of the Iraqi dinar, where every dinar equivalent of 100 fils and not 1000
And that each 1 $ = 1 DI and 18 fils.
2. production units metal younger groups most heavily for many Astkhamat payment and collection of taxes and fees and the rapid public attitudes and privacy, public transport, ATM and Lafrath in the markets)

It produces metal categories:

– AED 10 fils
– Quarter of a dinar 25 fils
– Half KD 50 fils
-danar 1 and is equal to 100 fils, as well as the issuance of paper has increased by only 20%.

If the improvement in the Iraqi economy, industrial and agricultural sectors, tourism and housing via the investment Add categories are less fils are 1 and 2 fils and 5 fils future …

3. paper categories plastic polymer made of plastic resistant to damage and bacteria and fraud, namely:

-1 Dinars only 20% paper and 80 metal
Dinars -5
BD -10
25 dinars
JD 50

100 dinars limited trading major category of banking transactions and large international investment and business deals. They are forcing banks to deploy ATMs in every province and spend according to the market and the population density and the development of piggy banks levy metal sheet positions to collect mineral groups service fees compared to the corner the whole car managed .. The introduction of credit card banks digital money ..

iraaqi.com

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

wmawhite (Dinar Guru) –   Article quote:  “ABDUL MAHDI STATES AT ECONOMIC SEMINAR 400-500 THOSAND PEOPLE BEING PREPARED ANNUALLY FOR LABOR MARKET AND SOLUTIONS TOWARD ACTIVATING THE PRIVATE SECTOR”  This is huge…otherwise, what is there for them to prepare the citizens for?  The private sector is coming.

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

Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
from 7/13 – LIVE CALL w/Q&A!!

Smart phone user link – Click here

______________________________________________________________

ECONOMIC ADVISER TO EBADI – INTERNATIONAL FUND APPROVES STANDBY CREDIT AGREEMENT WITH IRAQ

BAGHDAD / IBN – Economic Adviser to the President of the Council of Ministers confirmed the appearance of Mohammed Saleh, “The Executive Board of the International Fund approved a standby credit with Iraq on 7 July of the current agreement.

Saleh said on Thursday, in a statement to the Iraqi network transmitter (IBN) “The fund was launched in the history of 12 of July of this batch of the loan allocated for Iraq and the $ 634 million out of the total amount of 5.3 billion dollars.”

He added that “Iraq will receive this year in two installments of $ 2 billion, one in the next month of September, and the second at the end of this year to support the Iraqi budget and the economic sector in general within the fund, which will be extended to 36 months, which expires in August 2019 program.”

He noted that “the loan for five years on all installments payable after five years from the date of receipt of an interest rate (1.5%) and that on the top priorities of the Fund program is the reform of financial administration in Iraq and governance of financial operations in terms of payment systems and the transparency of financial data and amending some laws financial, including financial management and adjustment of the integrity Commission Act in line with the United Nations anti-corruption law. ”

“The first batch received by Iraq of the loan will go to the gates of exchange in the budget, the doors of social exchange such as social welfare, health, education and the ration card and the affairs of the displaced and then comes the other requirements.”

ibnnews.net

______________________________________________________________

rcookie (Dinar Guru) –   Article quote:  “BRITISH AMBASSADOR FRANK BAKER VISITS MUTHANA PROVINCE GOVERNOR ZIADI AND DECLARES DESIRE OF BRITISH COMPANIES TO INVEST IN THE ENERGY, OIL AND AGRICULTURE SECTORS…”   THIS IS JUST 1 OF 2 MEETINGS WITH AMBASSADORS TODAY WHERE COUNTIES ARE ANNOUNCING THEIR INTENTION AND READINESS TO ENGAGE INT’L INVESTMENT AND BUSINESS WITH IRAQ.

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!!)
______________________________________________________________

Kaperoni (Dinar Guru) –   Quote:  “…the Iraqi Dinar ‘investment opportunity’ is a scam that has existed for more than a decade and has regained some of its former popularity…”  Surely, the concept of  “overnight” riches so often stated…makes this by definition a scam. That said, the potential for Iraq laid out in various documents including the IMF, WB etc. clearly show the upside potential for Iraq, which if achieved, would increase the value of the currency significantly. We just have to wait for that potential to come to fruition.  There is nothing “to get to the bottom of,” it’s already well documented.

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

Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF  (photo: Sabah Arar/REX/Newscom)

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

• Iraqi economy faces double shock of lower oil prices, rising security challenges
• IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
• Program includes measures to protect the poor, curb corruption

The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability.

The loan will be provided under the Stand-By Arrangement facility and also includes measures to protect vulnerable populations—critical in a time of ongoing conflict, which has resulted in over 4 million internally displaced people.

The program builds upon the success of the recent Staff-Monitored Program, which the authorities started in November 2015 to address the double shock of ISIS attacks and the sharp drop in global oil prices, and will help close a financing gap of about $18 Billion.

Speaking to IMF News, Christian Josz, IMF mission chief for Iraq, explains the underlying reasons for the loan and the main goals of the IMF-supported program.

IMF News: Why is Iraq requesting financial assistance from the IMF now?

Josz: Iraq has been hit with a double shock for an extended time period. First, the ISIS insurgency since mid-2014 has created a humanitarian and social crisis that unfolded into millions of internally displaced persons, with destruction to assets and infrastructure leading to disruptions in production and in trade routes. The non-oil economy sharply contracted as a result. Second, the steep fall in global oil prices—on which Iraq depends almost entirely for its government revenue—has made the situation worse, culminating in both internal and external imbalances, large and rising budget deficits and increasing public debt, as well as losses in official foreign exchange reserves and some pressure on the Iraqi Dinar.

As a result, the Iraqi authorities approached the IMF with a request for emergency assistance, and we worked with the authorities to provide emergency financing of US$1.2 billion in July 2015 under the Rapid Financing Instrument. However, the intensification of the two shocks thereafter led the authorities to request a longer-term engagement with us that would not only address the fallout from the crisis, but also lay the ground for long-delayed, deep-seated reforms. In this vein, a staff-monitored program (a program with no attached lending) started in November 2015—at the Authorities’ request—to instill the necessary conditions, and build the required capacity and track record to move to the current Stand-By Arrangement.

IMF News: What are the key policy components of Iraq’s program and how will it help the country?

Josz: The program is designed with a focus on four key elements: reduce budget spending and restore public finances to a healthy state and stabilize debt; protect spending on the social front to ease the lives of the poorest, internally displaced people and refugees; improve the quality of public spending and prevent accumulation of unpaid debt through improvements in public financial management; and begin the process of restructuring state-owned banks to reduce their dominance in the banking system, thereby mitigating financial sector risks and preserving the sector’s stability.

IMF News: How has Iraq’s economy been affected by ongoing conflicts and will this hinder the program’s implementation?

Josz: On the one hand, the non-oil economy contracted by 19 percent in 2015 and is expected to continue to contract in 2016. On the other hand, the oil sector, thus far spared by the ravages of war, grew by 13 percent in 2015 and by more than 20 percent during the first five months of 2016, helping to support the broader economy, critical budget outlays, and official foreign exchange reserves amid the double shock.

While there are risks to program implementation—such as the fight against ISIS, subdued global oil prices, and uncertainty around the budget sharing agreement between the federal government and the Kurdistan Regional Government—the policy responses outlined above will help stabilize Iraq’s economy.

IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?

Josz: Iraq has maintained a peg to the U.S. dollar for years, and it has served the Iraqi economy well. The peg helps provide stability amidst a highly uncertain environment, especially with policy capacity weakened by the fight against ISIS. Under current circumstances and given the nature of the shocks, moving towards more exchange rate flexibility would not be warranted for two key reasons.

First, Iraq is predominantly an oil exporter, and devaluing the Dinar would have minimal bearing on the economy’s overall trade competitiveness. Second, there is a notable degree of import dependence—almost half of Iraq’s consumption needs are imported—and devaluation would immediately trigger a spike in inflation for most food and other consumer goods, which would exacerbate already difficult social tensions. The authorities are committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar under these circumstances, and we support this view.

IMF News: How will the program help protect the poor and internally displaced populations?

Josz: The program has set a floor on a number of budget items that are considered crucial for social spending, with the objective of protecting the most vulnerable. This covers spending directed towards the social safety net, the public distribution system (subsidies on food items, wheat, rice), agricultural product subsidies, transfers and assistance for internally displaced populations and refugees, and spending for salaries and goods and services by the ministries of health and education.

IMF News: What measures could the Iraqi government take now to lay the basis for private sector‑led growth in the future?

Josz: By preserving macroeconomic stability, including debt sustainability, the Iraqi authorities are laying the ground for private sector development. By maintaining fiscal discipline, they will create the fiscal space to pay their suppliers and international oil companies on time, which is essential to maintain financial sector stability and oil production. Furthermore, the authorities can also spur private sector-led growth by restructuring state-owned enterprises—including the six state-owned banks—and prioritizing investment projects, such as in the electricity sector, which will help improve infrastructure development.

http://www.imf.org/en/News/Articles/2016/07/12/14/31/NA071416-Iraq-Gets-IMF-Loan-to-Support-Economic-Stability

______________________________________________________________

BGG (Dinar Guru) –   [Todays parliament meeting…on the whole package laws.]  personally – I don’t think that is what we are waiting on – good for Iraq, yes. Required for us… I doubt. [Do you think there is ANY chance they will lop?]  I do not.

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

______________________________________________________________

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
______________________________________________________________

Agency US: IMF loan eases the financial crisis in Iraq and believes lending twenty billion dollars

He described the agency US credit rating and financial services, on Thursday, the agreement signed between Iraq and the International Monetary Fund to “positive” for their contribution to reducing the fiscal deficit suffered, while confirming that it would allow Iraq to get close to twenty billion dollars from the Fund and other countries loans.

The agency said the MODIS (Moody’s) in a statement seen by (long-Presse), “The Stand-By agreement signed between Iraq and the International Monetary Fund, amounting to up to five billion and 340 million dollars, a positive because it will improve the liquidity pace and reducing the severity of the fiscal deficit in the its balance of payments. ”

The agency added that “the agreement ratified by the executive body of the International Monetary Fund last week, giving way to provide another global financial assistance to Iraq worth $ 15 billion over the next three years to improve the situation of the country’s economy which was damaged fall in oil rates since mid-2014, as well as battles charged with being waged against al Daash. ”

The financial advisor to the prime minister revealed the appearance of Mohammed Saleh, in (27 May 2016), for Iraq, for “financial umbrella” international convergence of twenty billion dollars, as a result of its agreement with the International Monetary Fund.

And Moody’s (Moody’s Corporation) is a holding company, founded by John Moody in 1909, owns Moody’s service for investors Moody’s Investors Service based economic research and financial analysis and evaluation of private and government in terms of financial institutions and credit strength, and controls nearly 40 percent of the assessment of credit market In the world.

Article Link

______________________________________________________________

http://www.cbi.iq/

Indicative rates – 07.14.2015

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 07-13-16

Currency Auctions Announcement No. 3239

This daily currency auction was held in the Central Bank of Iraq on the 07-13-2016

The results were as follows:

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

I miss the days when you couldn’t be sent to prison for not paying the fine you got for not being able to afford health insurance ~ BGG

*** Current News ***

Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
7/13 – LIVE CALL w/Q&A!!
641-715-3640 pin#528733

from 7/10 – Smart phone user link – Click here

Kaperoni (Dinar Guru) –    Article quote:  “…the diagnosis of the priorities of the suffering of the banking sector requires the central bank and the relevant authorities to draw and to develop mechanisms and procedures for processing during the year 2016…“  […it seems the CBI is prepped and almost ready….wouldn’t you say…?]  I think the CBI has been ready for a while…The GOI/Parliament needs to get their part done.  Pass laws!

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

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

______________________________________________________________

Upgrading of Iraqi currency …

(A very special thanks to Holly1 for sharing such an insightful conversation with her personal, direct contacts – this is excerpted from a FaceBook conversation with a group of Iraqi bankers and economists)

Ahmed Salami

– Dinar plastic (polymer)

– restructuring of the Iraqi currency

Re – evaluate the value of the dinar

– Iraqi dinar (polymer):

eetm the use of plastic money and made of material plastic polymer high-efficiency rather than paper made from cotton material and paper used in the money industry today and that are exposed to rapid deterioration use life short and the movement of disease transition and endemic and infectious bunches bacterial colonies and moves with her to the people to the touch and move Kalmndel infested.

plastic money outlive more than twice as paper peers and a half several years and do not affect the high temperatures, water, humidity, dust, paint and crushing does not allow the formation of clusters of bacterial or Vairoseh.

3. plastic money security features very high degree forgery make it almost impossible to 99.9%. plastic money can be recycled after it is damaged and the use of new raw materials reduces costs to a very high percentage Unlike paper that Taathra and lose parts and comes with stickers or dyes, which burned and then buried. Nor used as the raw material.

5. alncod plastic as far as being the most evolved, the industry is less than the cost of paper counterpart costs. dol world began a gradual transition to plastic money instead of paper and the first Arab state of Kuwait is applied to the new currency system, Britain is moving to change its currency gradually to this article and issued a category 5 pounds of them.

– Of Iraqi cash reserves of $ 53 billion for the year 2016

– an Iraqi reserves of 90 tons of gold

.. This is the cover of the Iraqi dinar.

-hiklh Iraqi currency:

Must be the value of the Iraqi dinar to reflect the value of this financial cover

– which currently stands at (1,118) dinars to one US dollar
(according to the Central Bank of the price , of course) , a very low value of digitally ..
make it difficult to deal externally Dinars let alone inside Iraq.

Iraq needs to restructure its currency (Iraqi dinar):

1. Delete the zeros phantom inflation inherited from the siege and war ..

2. Be the dollar value of 1 is equal to 1 dinar and 118 fils.

3.eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.

Re – evaluation of the value of the dinar:

Iraqi dinar code globally DI, and Fils F

1. Reassessment of the Iraqi dinar , where every dinar equivalent of 100 fils and not in 1000 and make every penny is composed of 10 monetary units smaller name (NIS or rail) .. and have each 1 $ = 1 DI and 18 fils. (Shekel unit calibration Sumerian worked for in ur and Uruk like kilogram in the present day)

2. Production units metal groups younger most heavily for many uses of Order and levy taxes and fees rapid public attitudes and privacy , public transport, ATM and Lafrath in the markets) produces metal categories are as follows:

– AED 10 fils
– quarter of a dinar 25 fils
– half a dinar 50 fils
100 dinars limited trading major category of transactions banking and international big business deals and investment are forcing banks to deploy ATMs in every province and spend according to the market and population density as a basis for the opening of the Bank and implemented so the government by private and connecting branches together one network put piggy banks levy metal sheet positions to collect mineral categories in fees is available for a parking service .. and the introduction of credit cards for banks digital money …

(the rest of this is actual conversations back and forth between Iraqi bankers and Holly1 – one of our esteemed researchers at DinarUpdates.com)

Laith Saleem:
Addicted once asked you a report by the Office of Iraq from 2003-2015 and I told you to be prepared by the report and if possible to add to the report budgets of Iraq from the formation of the first government to 2016 This report is very important and shows a lot of things for people around budgets and Iraq’s money in general

Iraqis Economists:
Greetings to the Holy Jnabk had trouble collecting sources Most of what we got are approximate and articles Dhanah without mentioning the source ..vagelnah to time we get a reliable source ….

Laith Saleem:
Iraqis Economists hope you completed it because he is a very important report

Mohammed Ridha A Al-Musawy:
Very nice talk and see what can be added if allowed God is dealing electronic banking cards they need to reduce the use of cash in general .. that holds the government banks issuing cards with high reliability and not to Kptaqat Card notorious

Iraqis Economists:
Greetings to you the last lines of the report writer and another part of the report talks about the Iraqi money digital and we will publish later

Mohammed Ridha A Al-Musawy:
God, we need strongly to raise awareness in this area God bless your bright .. Note .. asked the Ministry of Education of us obtaining the cards in order and after that we obtained has remained dormant in one office inclusion House this hour .. I also tried to get a Visa card or MasterCard and they found that all of them (at least what we have reached) is not guaranteed and unfair in many of its provisions .. Greetings to you and your page thoroughbreds

Iraqis Economists:
Yes, they removed from the civilization of Sumer specifically of Ur, where he lived the prophet Ibrahim’s peace and life was estimated using exchange-kind shekels (the unit of measurement for the agent) such as alkyl grams today

Iraqis Economists:
Easy folding the new currency printed just resemble stays that way years

Emaf Turkman:
Thanks for the information

Iraqis Economists:
This model of the coin plastic polymer

Majid Hameed Alsodany:
All you ask about the evolution of the banking industry in the countries of the world and try to introducing them into the Iraqi banking sector , whether public or or private this very positive and effective steps towards the development of the Iraqi banking sector, but to take a moment where it requires extensive study and thorough and field to the reality uncleFor Iraqi banks in general , and to identify serious and significant problems facing the banking sector, especially private banks, and these problems are many and most complex that has emerged in recent times , a lack of sufficient liquidity within the bank ‘s assets to meet the requirements and obligations to depositors (customers) and this is very big negatives in the work of banks, in addition to other problems, including the failure to use advanced banking industry in most of the banks, especially state banks, as the day the world operates according to advanced banking systems (electronic banking and ATMs ATM, etc.) of which provides the voltage and shrinking the time.

We strongly aspire to evolve financial and banking sector and through improved fiscal policy in our country, with the help of God Almighty

rcookie:
THIS IS EXACTLY THE SAME TYPE OF TALK THAT WAS HEARD WHEN SWEDEN ANNOUNCED IT WOULD BE TOTALLY DIGITAL CURRENCY BY 2020…

Ali Tawfiq:
I could not give you the exact real interest of this speech for several reasons , first , do we have an effective banking system is able to own and manage the card Banking Is there a banking people scattered all populated areas can these banks management and funding on a daily basis especially as you know are AltaaMl via the Internet between these bank accounts means that we need to bank financial system effectively either secondly the move encourages people their money stored in Mahe banks benefits granted by banks to their customers and Do you think staff working in the current banks are competent to manage the financial operations either thirdly regarding Currency plastic perhaps the features that I mentioned useful but nowadays What is its impact on the fourth of the country’s economy in order to apply your proposal the government must be economically strong and able to enforce the law so that it can impose pricing uniform goods task less likelihood means applying strong half markets policy not tell Alawaq the full policy in the pricing of goods and you know what to say and Ooowo a host of other questions but we hope we have when we start making the first step of successful nations and thank you for Modoekm values

Riaz Hussain Azwaini:
Prophet if there were eager to improve the economic situation in the country’s government. It can be applied with the content of the Resurrection, especially if we have an agricultural and industrial sector and tourism discreet .. greetings and Achoaki

rcookie: AGAIN…..AND THE KEY TO THIS ATM LINKED NETWORK THEY ARE SPEAKING ABOUT…

Ammar Abdullah Ghaith:
Interest is the rehabilitation of monetary value of the currency to make it universally used by tourists, traders and engagements .. To facilitate bricks computational and encourage inward to deal with the storage and filing internal and external Alihulaat instead Alastguetal on the dollar dinar after it organized evaluatedE …. After that was the outcast of the difficulty of the account when the exchange rate first, and decrease the numeric value … the issue of supporting the economy Yes mission is to raise the purchasing power and to curb inflation and raise the exchange rate against the dollar and currencies globally other .. but it does not intersect with the currency revaluation and development … Thank

Ammar Abdullah Ghaith:
On this bad situation Iraqi banks ..imkn if applied paragraphs reassess Eulma prevent the opportunity for Iraq to contract in Iraqi dinars instead of dollars abroad to Lastairadat with cheap food and perfectionism .. and perhaps even weapons .. and Ctfad dollar store as a cover of the coin

rcookie: WOW!!..THERE IT IS…

Ali Tawfiq:
Kalam Jamil but do you base banking and human resources means Career Level in Iraq allows the application of these ideas , we need a wide range of changes so that we can get into this beautiful proposal and tell by my field and my knowledge database Iraqi plain wishful thinkingOr to say but very difficult application because Iraq is currently Messier with regret and I ask yourselves and the rest of the financial scientists and their two economies and our hope that the great Iraq out of this crisis and big thanks

rcookie: ARE YOU GUYS READING THIS??

Ammar Abdullah Ghaith:
2010 was a good year for the implementation of such a project … but now Iraq needs for 5 years to 10 and the high price of oil exceeded the deficit .. x = then be Tnfbzh

Hassan Thabet:
Essay and achieve wonderful, but I disagree with you the issue of the deletion of zeros because the process of deleting the zeros Heya quick solutions to raise the value of the Iraqi dinar and quick solutions are numerous problems I see that the Government would support industry, agriculture and reduce the import and supports national product in many ways knownAmong specialists as well as remittance dinars in the Start dinar gradually better, but this solution and the solution presented by Mr. Ahmed Salami whole air in the nets because of administrative, economic and security and the government doubled the most important thing first point Heya support agriculture , local industry and gradually cancel the import and Sorry about stretching

Ammar Abdullah Ghaith:
Interest is the rehabilitation of monetary value of the currency to make it universally used by tourists, traders and engagements .. To facilitate bricks computational and encourage inward to deal with the storage and filing internal and external Alihulaat instead Alastguetal on the dollar dinar after it organized valuesTe …. After that was the outcast of the difficulty of the account when the exchange rate first, and decrease the numeric value … the issue of supporting the economy Yes mission is to raise the purchasing power and to curb inflation and raise the exchange rate against the dollar and currencies globally other .. but it does not intersect with the currency revaluation and development … Thank

AbdUl Qudous:
Each Happy New Year …. I’m from Libya … and ask how to delete the zeros Phantom of the value of the Iraqi dinar, in order to increase its value Foreign presumption dollar ???? I hope the answer and be as complete .. Thank you

Ammar Abdullah Ghaith:
Experiment carried out by both the German mark a time of Germany and Italy , a time of coin currency lira Italian and Turkey in 2005 to amend the value of its currency , the Turkish lira was the currency of the Turkish lira is composed of six mattresses mean no one and was succeeded by six zeros Thus writes 1000,000..otaqra million lira you canBuy their eggs just almost … !!! … The Turkish central bank to develop a plan to re-evaluate the currency delete inflationary mattresses these mattresses came inherited from the First World War and the collapse of the Ottoman Empire and the collapse of its currency and bankruptcy and Turkey was a poor currency in line with the economy and printed .. then Aftbat million pounds 1000,000 and two million pounds and 10 million pounds to 100 million pounds …. 2005 Turk decided to rehabilitate the Turkish currency, which was facing extreme difficulties in the accounts and digital records as a

rcookie:
AND AGAIN…WHY DO YOU SUPPOSE THIS INGENIOUS PLAN TO USE SOPHISTICATED NETWORK OF ATMS FOR DIGITAL MARKETPLACE WASN’T IMPLEMENTED 5 YEARS AGO…

Holly1:
result of the number of long mattresses … they decided to print the currency of the new lira without zeros … one lira new currency equal to the value of the lira old Hbehtha with six “million pounds zeros” ..ani when you go to the store you want to buy eggs pay the old currency “million pounds” buy two eggs … and the eggs get them the same pay pounds of the new currency to buy eggs also evolve, the new Alerh equal to the value of the old six-pound mattresses to evolve to the old Eulma (1,000,000 pounds) is in truth one pounds and one .. just delete the zeros phantom .. and so were printed for each category without zeros 1 pounds compared to one million pounds 2 pounds compared to 2 million old lire 5 pounds versus 5 million old lira 10 pounds compared to 10 million old lira and 20 pounds compared to 20 million old lira and 50 pounds Mqaal 50 million pounds old and 100 pounds compared to 100 million pounds An old

Read More: http://www.dinarupdates.com/showthread.php?36816-Sunday-July-10-2016&p=156012#post156012

BGG: Oh wow!! Great stuff!! However, I find still it AMAZING how these ignorant “guru types” wait for our people to dig stuff like this up (Thanks so much Holly)… give them no credit for it… wait for our other people to comment on it (Doing a 3 hour News Time and “After Call” on it). Study up… then are still so ignorant (or drunk) on the subject matter, they COMPLETELY BUTCHER the whole concept of what is going on here…

WAKE UP PEOPLE!!

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rcookie (Dinar Guru) –   Article:  “Resumed the House of Representatives, on Tuesday, the opening of its first legislative term of the third legislative year in the third parliamentary session.”  SO PARLIAMENT MET SUCCESSFULLY UNDER JABOURI…GOT THE 1ST ONE OUT OF THE WAY…DISCUSSED SECURITY FILES AND ISSUES…  [did they vote on anything…thats what we need?]  NO…NO VOTES BUT READ A FEW LAWS…

Read More: http://www.dinarupdates.com/observer/
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Holly1 (Dinar Guru) –   …WHAT IS GOING ON IN IRAQ …CANT MAKE IT AT 1182 NO WAY NO HOW … THEY NEED STEPS AND A HUGE ONE PEOPLE DEMANDING A NEW PRICE OF THE DINAR IMO.

Read More: http://www.dinarupdates.com/observer/
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IMF calls on the Government of Abadi to achieve reforms in exchange for loans

BAGHDAD / News Network – Iraq and the IMF agreed on Saturday to give Iraq a line of credit worth $ 5.34 billion to help it overcome the financial crisis faced after the deterioration of oil prices and the war against Alarhab. ooodh Fund said in a statement, that the Iraqi government will take place in case a loan an initial value of $ 634 million, while it must implement a series of economic reforms to get the rest of the installments of this assistance plan for three years.

The statement quoted Zhou Min, one of the assistant directors of the Fund, as saying: “Iraq’s economy has suffered severely from the double trauma of the organization of the Islamic state and severe attacks decline in oil prices.” Fund expressed in his statement expressed concern about the arrears, especially the “big” accumulated on Baghdad, which is struggling to meet its financial obligations.

The fund was granted in Baghdad in July 2015 a loan of $ 1.24 billion to help the advancement of the public own finances. Under the previous rapid financing tool program.
Iraq is going through a financial crisis due to falling oil prices, which constitutes 90% of the public budget is paid to borrow from the International Monetary Fund and the World Bank and earned them about $ 15 billion received by over three years…

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

BGG ~ Many thanks to Julian Washington for digging this up for us!!

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rcookie (Dinar Guru) –   Article quote:  “Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank.”  …THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES….OFFERING ONE STOP SHOPPING BANKING SERVICES…THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006…THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT.

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

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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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http://www.cbi.iq/

Indicative rates – 07.13.2015

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