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Word for the day…
Mrs. BGG
Iraqi Dinar/Dollar auction 10-18-16 (most recent listing)
Currency Auctions Announcement No. 3299
This daily currency auction was held in the Central Bank of Iraq on the 10-18-2016
The results were as follows:
| DETAILS |
NOTES |
| Number of banks |
32 |
| Number of remittance companies |
14 |
| Auction price selling dinar / US$ |
1182 |
| Auction price buying dinar / US$ |
—– |
| Amount sold at auction price (US$) |
152,798,732 |
| Amount purchased at Auction price (US$) |
—– |
| Total offers for buying (US$) |
152,798,732 |
| Total offers for selling (US$) |
—– |
More: http://dinarupdates.com/observer/
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It’s not the size of the dog in the fight, it’s the size of the fight in the dog. – Mark Twain
*** Current News ***
BGG (Dinar Guru) – So – the HUGE NEWS…Mosul liberation is UNDERWAY…that is a biggie...and with the UST setting up shop in the CBI – it’s the end of the “monkey business”…the investment laws are important… the one on the books for Monday (PFM)…etc, etc, are key…
Read More: http://www.dinarupdates.com/observer/
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Don’t MISS – “DU NEWS TIME” w/RCookie, Hutch & Mr White – October 18 7:30pm EST – In the CHAT ROOM!!
Kaperoni (Dinar Guru) – Article: “Abadi announce the start of the battle of Mosul and calls for people to cooperate in order to end the battle quickly” Clearly good news.. Let’s get it done.
Read More: http://www.dinarupdates.com/observer/
BGG (Dinar Guru) – [says @ 7:04 p.m. central time] It’s 3:03 AM in Kurdistan – It is being reported the attack to free Mosul is NOW UNDERWAY…Right now… […this is a very big deal for the stability in Iraq does it help to bring about an RV?] BIG – BIG – BIG deal… I really think this is one of the “Core issues” the IMF/WB/UN wanted handled. [When do you think Battle for Mosul will be over?] part of me wants to think it will go quick – but who knows?
Read More: http://www.dinarupdates.com/observer/
Sources in the government of Kurdistan: the attack on Mosul begins at dawn on Monday
BAGHDAD / Baghdadi Uz..khevc sources in the Kurdistan Regional Government, said on Monday that the attack on the city of Mosul to recover it from the control of the terrorist Daesh will start at dawn on Monday.
The sources told / Baghdadi News / “The zero hour for the battle to liberate Mosul has been determined, and that the attack would begin at dawn on Monday.”
“The US-led international coalition forces began intensive aerial bombardment on the city of Mosul, just before the big battle, which is the largest military operation taking place in Iraq since the US invasion in 2003″.
In this context, the Iraqi federal police command announced that its troops were stationed at the base in Qayyarah positions, awaiting the start of the battle.
It will take part in the operation army forces and formations of the Federal police and rapid response forces and the Peshmerga as well as some support groups to Aovernmh.anthy 21 / d
albaghdadianews.com
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The central bank project to delete the zeros will be implemented in early 2017
The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.
Keywords and said that ” the goal of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency,” returned him as “that strategic project will serve the country ‘s economy.”
he added that ” the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017 , ” noting that ” the central bank began the first steps of the project through the selection of designs, companies and the country that will be done Print currencies. ”
He noted that” the introduction of new currency does not mean the destruction of ancient coins , but it will continue to trade to about ten years , “pointing out that” this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity. ”
Finance Committee and was in former House revealed, (2013 August 15), the postponement of the process of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non – substituent currency back to the markets and forge.
the Central Bank of Iraq confirmed, in the (April 25, 2013 ), that there is no intention at the moment to restructure the currency and delete the three zeroes of them, denying the reports in this regard. it is
noteworthy that the General Secretariat of the Council of Ministers announced (April 12, 2012), for the patient in the application process of deletion of zeros from the national currency, which had to be stop all procedures related to the transaction mentioned until further notice. It is
noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
www.ina-iraq.net
New crisis ridden inside Dawa party … great mobility to dislodge al-Maliki
Orbit News – A new crisis within the Dawa Party portend a new division inside it exploded, unless efforts succeeded where the leaders of the overthrow of its leader Nuri al-Maliki, after a poll recently conducted for the popularity of the ruling party dropped sharply, in favor of other parties, notably the Sadrist movement detection.
The prominent leaders of the Dawa Party in a press statement, a large movement to dislodge the al – Maliki on the interface, the center of support from the branches of the party in the southern and central provinces, and silence, as a B, by the Prime Minister Haider al – Abadi, who preferred watching this movement instead of confrontation directly with al – Maliki.
a senior leader of the ‘call’, on the sidelines with a high – level Iraqi delegation at the World energy Conference , which concluded in Istanbul yesterday, said that ‘ a meeting of leaders of the Dawa Party in the city of Karbala and in the presence of scientific personalities and academic close party, finally discussed the need for the removal of Maliki ‘s party interface, and the election of another figure before the start of the race ‘.
The leader, that ‘the idea put forward after a poll conducted by the views of the center and display the results finally showed the unpopularity of the Dawa Party, to their lowest level since 2003, and by 20 per cent, after scoring in a similar poll in 2008, 59 per cent’.
He added that ‘the street carrying the party, serving as prime minister 10 years ago, is responsible for the current situation and causing the collapse of security, economic and growing corruption, sectarianism and growing into the street and the super-rich for its members.’ But he said, ‘certainly answers some harsh and unfair to the party, but this is what he sees as the street now, and it became necessary to make a change and revision in the party before its collapse completely ahead of the elections. ”
He pointed to the leadership, that ‘the risk increases more with the insistence of various political blocs to replace the High Election Commission Bmahabadtha known of the Dawa party.’
almadarnews.info
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Auction Central Bank .. port of corruption or the balance of the market?
[Special Oan-] Report: Raghad Daham – auction currency of the Central Bank of Iraq, the word accompanied by suspicions of corruption and money laundering and the smuggling of dollars abroad.
Opinions vary about these “charges” where specialists believe that it is important to achieve a foreign currency balance and the exchange rate with the provision of liquidity of foreign exchange to cover import of goods and trade process.
He says general manager of banking and credit control in the bank Ihsan Shomran Yasiri, that “more than 90% of sales The central bank is through dependencies documentary universally used and either direct sales through the sale of foreign currency window of a few to sustain the economy and inject the dollar to trade. ”
He adds, that” the monetary reserves of the Central Bank of Iraq from foreign currency of up to $ 50 billion , which is quite normal number with a country that is going through since three years a large deficit in the state , “stressing that” these foreign reserves are , according to the international Monetary Fund on the safe side. ”
and the dollar exchange rate , which sells central bank Goods banking and domestic market, Yasiri teams, said that” the bank sells the dollar in 1200 dinars, and the parallel to him in the domestic market more than that, but keep the difference is not, but very reasonable and that the bank defends the difficulty to maintain it , “adding,” the Central Bank is financing large deficits in the state budget. ”
often revive economic mafias under the absence of follow – up and strict laws and obsolescence of the banking system and mechanisms to follow up the circulation and transfer of cash, and this is the case with Iraq, especially since the integrity Commission has recently announced increasing cases of banking fraud and the theft of billions of dinars from the state – owned banks by check without balance complicity of some officers.
and are frequently private and private banks supportive partner important in promoting economic sector and provide employment opportunities through its support for special projects or government, but it seems that this breaks down in Iraq , where the faces of these banks are other corruption charges benefiting from the auction currency , central bank described as “shops” to sell the dollar against the dinar taking advantage of teams exchange rate.
saw the dollar for nearly two weeks , up against the dinar , where sometimes exceeds 1300 dinars to the dollar, in local markets.
Finance Committee in the House of Representatives and attributed this rise to the central bank ‘s policy, he said in a statement that the “fall of the dinar exchange rate against the dollar caused the central bank made for some private banks and not others in an auction sale of the currency and the weakness in monitoring the performance of these banks. ”
and demanded that ” the Central Bank of the need to adjust the trading currency auction and evaluation of private banks performance , “indicating that” official data and statistics affirm provide some private banks purchase invoices is true in currency auction “revealing” its intention to form a fact – finding committee to find out the reasons for the high exchange rate in the markets, and monitor the performance of the central bank auction of currency and checking the seriousness of their actions that tainted many question marks, and put an end to the mafias market and some currency traders control the price of the dinar Iraq exchange ” .
For their part , revealed judges specialize money laundering issues that “millions of dollars were smuggled out of the country by traders and bankers and fictitious companies and money transfer.”
known Iyad Muhsin ligature magistrate money laundering this crime as “legitimize the funds of illicit origin, to make them look in the legitimate use of several methods of image , “pointing out that”. of these methods to carry out import fake and convertibility of the dollar abroad and the use of other people , ” said the parliamentary Finance Committee member Jabbar al – Abadi’s [where] that” the parliamentary Finance Committee is determined to introduce new legislation through coming days regulate private banks and windows sell the currency in the country and dominate the market work , “stressing that” this legislation will include the banking business in the country and private investment in this regard. ”
according to observers, the banking sector in Iraq is witnessing a noticeable decline through economic assurances to lower the cash reserve of the Central Iraq, as well as variation sell hard currency, prompting the House of Representatives and economic experts claim the Iraqi government to monitor auctions sell the currency on the one hand, and the introduction of hard currency into the country by activating the work of border crossings and customs tariffs and inventory to deal in hard currency with the other hand.
as stressed member of the Committee Sarhan Ahmed told [where] “the need to control the exchange rate of the Iraqi dinar against the dollar, by maintaining a reserve of hard currency , ” stressing that ” the central bank has no plans to raise the value of the dinar against the dollar, and the rise of the dinar rate based on bank reserves Central of hard currency and the non – oil and oil revenues coming into the country. ”
He pointed out that” the legislative track and other issues have a direct impact on the exchange rate, which calls for preservation of the Iraqi dinar exchange rate and maintain a reserve of hard currency. ”
in what Prime revealed Haider al – Abadi minister “reduce the amount of the deficit in the budget for fiscal 2017 from 32 trillion dinars to 15 Trliuna.” Within the government ‘s plans to pressure government spending.
And the role of the judiciary competent in the fight against financial corruption and the courts , said the dead of integrity and money laundering Radi Fartusi in a press statement the judge, that “our courts to deal very seriously with this kind of issues and resolving many of them , ” he said , adding that ” the delay in resolving the some of the lawsuit is for reasons not related to the elimination of including non – completion of the administrative investigation of the relevant authorities. ”
He criticized the ” lack of identifying stakeholders purchased for amounts by private banks when conducting the administrative investigation, as well as the amount of damage achieved as a result of money laundering. ”
also complained Fartusi not . ” check those actors permits and invoices submitted by the banks and customers before their participation in the foreign currency auction. ”
One of the strange cases before the judiciary, Fartusi said that” a young man of only 25 years , which recharged his account of $ 10 million and although it works taxi driver and after checking with the show that interface you used one of those for the purpose of laundering the funds and turn them out of Iraq. ”
it is said that the CBI, in its daily auction amounts of dollar sometimes exceed 130 million mostly alcohols and is priced at 1182 dinars to the dollar.
alliraqnews.com
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Zebari threatens Nuri al-Maliki, the International Criminal Court
Free Event / S.o .. Source confirmed early Saturday that the “Iraqi Minister of Finance article, Hoshyar Zebari, was confident of his chances even after two days of voting before within the Iraqi parliament, which ended withdraw confidence from the majority, during a session that saw the second time within a month and a half by secret vote.”
The source revealed that “Hoshyar Zebari was confident almost absolute that strong position in parliament for more than one reason, including the fact that there are US pressure exerted during the days leading up to the process of withdrawal of confidence, has the bulk of which US ambassador in Baghdad, Douglas Silliman, in addition to that Zebari was busy with disputes with the World Bank for the purpose of lending to Iraq, there are implicit threats to shut down the possibility of negotiations in the case has the process of withdrawal of confidence. ”
Adding that “the Iraqi prime minister, Haidar al-Abbadi, was eager to stay Zebari in office, both because of the importance of negotiations with the World Bank, which could be affected in the case was dismissed Zebari, which has already been, where stalled negotiations now with the World Bank, or in terms that Abadi Pat believes that the withdrawal of confidence-building measures that stand behind it (the reform front) in the parliament, which is dominated by the leader of a coalition of state law, Nuri al-Maliki, aims eventually to overthrow his government by crawling on the sovereign ministries, which began at the Ministry of defense and Finance, and then foreign , at the time still the Interior Ministry vacant since the resignation of its minister in the month of July last after the Karrada area of Baghdad bombings. ”
Political Kurdish Abizaid that “after a secret vote, which ended with the withdrawal of confidence from Zebari, got developments, notably that Zebari, who had received a pledge from al-Maliki not to withdraw confidence from him, made an angry phone call to the last, blaming him of responsibility, and addressed him by his first name, She threatened him by referring it to the international Court at the files and documents owned by, and carry them with him to Arbil, which returned on the same day of the dismissal, after being asked by the President of the Kurdistan region, Massoud Barzani, to return to Arbil. ”
He continued that “what he sees Zebari that the withdrawal of confidence from it can not get out of being a conspiracy targeted personally targeted as well as the President of the Kurdistan Region, and Democratic Party leader, Massoud Barzani, and therefore it will not be silent about it by moving the files are already built submission of the International Criminal Court so much politicians, activists and men of human rights in Iraq. ”
With regard to the inability of the Iraqi judiciary on Maliki accounting, political Kurdish saw that “the recent decision of the Federal Court annul the decision of Prime Minister, Haider al-Abadi, the abolition of the post of vice-president indicates that al-Maliki still has the ability to influence the judiciary, because the re-Vice-Presidents shall blow new-oriented Ebadi and his reforms, although Abadi decision also finds legal experts, it was not a constitutional principle, but it was the Federal Court could decide the matter at its first session, while kept procrastinating over the years to finally say that the decision is unconstitutional. ”
Explaining that “this means that al-Maliki still has a lot of pressure on the judiciary, particularly the head of the judiciary, Medhat al-Mahmoud, the issuance of this decision at this time for Maliki needs him in the face of his opponent Abadi, who is seeking to win the battle for Mosul, Iraq had been lost in favor of organizing Daesh during the reign of al-Maliki, which means that al-Maliki will return to the barricaded behind the vice president for the preparation of the equipment to start Tsagit Abadi stage by ridiculing his reforms, given that the decision to abolish the post of vice-president was the most prominent in, which showed Abadi on time champion and the owner’s decision, which removes the three top political leaders at the stroke of a pen, they Nuri al-Maliki and Iyad Allawi and Osama Najafi, to clear after a year that this decision is a sound constitutional, and worse than that Abadi, who is himself has succeeded in reducing government spending file, you will pay and retroactive salaries and allowances of the vice President of empty budget “.
https://www.facebook.com/groups/571383766355188/permalink/687675594726004/
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Iraq:
Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding
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| CURRENCY |
CODE |
SELL |
BUY |
| US dollar |
USD |
1182.000 |
1180.000 |
| Euro |
EUR |
1299.491 |
1298.841 |
| British pound |
GBP |
1437.548 |
1436.830 |
| Canadian dollar |
CAD |
899.680 |
899.230 |
| Swiss franc |
CHF |
1195.147 |
1194.549 |
| Swedish krona |
SEK |
133.892 |
133.825 |
| Norwegian krone |
NOK |
143.885 |
143.813 |
| Danish krone |
DKK |
174.663 |
174.576 |
| Japanese yen |
JPY |
11.344 |
11.338 |
Special
Drawing Rights |
SDR |
1627.697 |
1626.883 |
Indicative rates – 10.18.2016
http://www.cbi.iq/
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Coinciding with the victories of our security forces in Mosul. The Central Bank raised the dinar against the dollar
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