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…
Psalm 91:4 (NKJV)
4 He shall cover you with His feathers,
And under His wings you shall take refuge;
His truth shall be your shield and buckler.
Heavenly Father, thank You for Your Truth! Thank You that You are our Shield and Buckler! Thank You for covering us with Your feathers and that we have refuge under Your wings 🙂 In Jesus Name, Amen.
Mrs BGG
Iraqi Dinar/Dollar auction (most recent listing) 11-23-15
Currency Auctions Announcement No. 3079
This daily currency auction was held in the Central Bank of Iraq on the 11-23-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 26 |
| Number of remittance companies | 19 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 271,347,366 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 271,347,366 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
______________________________________________________________
As long as we may think as we will, and speak as we think, the condition of man will proceed in improvement. – Thomas Jefferson
*** Current News ***
Follow us on twitter @DinarUpdates !!
Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Monday evening at 7:30pm EST!!
www.DinarUpdates.com – save as favorite!!
______________________________________________________________
Kaperoni – Article: “Central Bank: foreign currency reserves within international standards“ By all reports the CBI has 32-39 trillion dinar in circulation. This is nothing really new. The article is simply stating they have enough CBI reserves to cover this 1.7 times or about $65 billion dollars. Where exactly that dinar is, is hard to tell…since banks clearly stated they don’t have liquidity, it could be in the CBI stacked up, or it could be in mattresses.
Read More: http://www.dinarupdates.com/observer/
______________________________________________________________
Category new cash it will be a blessing or a curse?
Raed al-Hashemi
Step taken by the Iraqi government cash currency printing of fifty-class thousand dinars Is it the right move will help address the dire economic situation of the country?
To answer this question we must clarify that there are two cases to as the third for them when cash currency printed a new category, whether big or a small, first, a sound that the Government printed new category without an increase in asking allocated from the money supply in circulation in the market monthly amount of any maintaining the size of the case (the original amount of the money supply) without an increase, but the change in the types of categories in which case the procedure is of sound To Aakhalq any inflation, but will achieve steps in the monetary reform process and supports the economy because the deal in the Iraqi market basis based on money supply offset by a small percentage rely on instruments and cards and electronic payment, and will be considered this procedure is not intrusive monetary policy of the country, but is considered part of the payments system management, and here will contribute This procedure is in increasing demand for the national currency and thus increasing value for foreign currency and as a result will reduce the impact of the economic crisis in the Iraqi economy.
The second case was when the government printing of the new category of currency and do pumped into the market of new as payments added to the size of (the original amount of the money supply in circulation) Here, the action is wrong and has negative effects on the economy in all respects because it means that the central bank will lend to the government to promote the shortfall in the budget and therefore will raise the inflation in prices and create stagflation or the so-called (funded budget to inflation), and this would convey the bankruptcy of the state to the community, plus it will create a great disparity between social groups where will be layers of the rich and the layers of the downtrodden, This option is considered bad in all respects because it will contribute to the creation of future economic movement it adds significant accumulations on the economy, including the deterioration of the dinar exchange rate against the dollar and create ill-high distribution of cash currency in the market and all of these factors may result in the arrival of the Iraqi economy into the most dangerous types of inflation known as wildly inflationary and that It has significant negative effects on all aspects of the economy and will increase the economic crisis rather than solve them, not to mention opening the door to fraud that you find in this large cash category lure them to carry out fraud and pumping amounts forged to the Iraqi market factor in light of the deteriorating security conditions for the country As a result the big concern in the war against terrorism and in light of the rampant corruption in all state institutions, including the security in particular.
We raised in the foregoing negative and positive sides to the process of monetary currency of a large class printed in light of economic theory known worldwide and remains the answer to our inquiries the first vague because the ball in the court of the Iraqi government and we do not know the Mavi intention of made the decision Is it relied on the first case of sound, which will lead to reduce the impact of economic and financial crisis we are going through or that he relied on the negative and the second case, which will increase from insult to injury and will put the Iraqi economy, bad, and this we Maostagibh the coming months, which will develop the answer to our inquiries which have been waiting impatiently.
______________________________________________________________
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
(Please note – we are posting daily News Articles slightly differently now)
______________________________________________________________
DinarUpdates.com News Time Chat 11-23-15 PM Part 1 of 3
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: The joy of pumice Refer experts lack the cash economy in a market trading day to the weakness of individuals the confidence of the sector of the Iraqi banking, the impact of fiscal policy in the liquidity available in the market size through realized spending in the framework of the implementation of the general budget annually, calling for work to restore confidence in the sector It is important. and caused the lack of financial revenue earned from the oil sector due to a global decline in prices, pressing the government spending, which led to monitor most of the revenues and operating budget for the provision of wages and salaries in return investment projects that promised one of the challenges that have affected the lack of cash in circulation monetary stopped.
Millionday: NOTE — THEY ARE TALKING ABOUT THE NEED TO BRING CONFIDENCE BACK TO THE BANKING INDUSTRY
Millionday: NOTE — THE PROBLEM IS THE LACK OF THE CASH ON THE STREETS AND THE STALL IN PROJECTS ETC FROM THE BUDGET NOT BEING ACTIVATED
Millionday: The operational budget is estimated at next year’s budget in 2016 by more than 83 trillion dinars, or about 80 percent of the support of the general budget revenues. In this regard, said economic expert on behalf of Antoine: The «exacerbate the issue of lack of liquidity in the local market at present, has formed a burden on the citizens, as led to the failure of some banks to pay some depositors benefits they have to pay some companies salaries ».
Millionday: NOTE — OBVIOUSLY WORRY IMPACTS THE MARKET AND ALL FINANCIAL CONFIDENCE
~~~
Read More: http://www.dinarupdates.com/showthread.php?25426-Millionday-newstime-11-23-15&p=137976#post137976
“Round Table” Dinar Call!!
“for Dinar News – that MATTERS!!”
Monday 11/16 @ 4:30pm CST
Smart phone user link – Click here
DinarUpdates.com News Time Chat 11-23-15 PM Part 2 of 3
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: He pointed out that this measure is part of a project to restructure the currency, pointing out that it is long overdue fact that the need has become urgent for the issuance of the biggest and high Akiem categories such as 100 and 200 thousand dinars, similar to neighboring countries and the world and put them circulation has been suspended as a result of rising incomes Mayshl banks and people work to end either.
Millionday: NOTE — THIS IS NOT ABNORMAL IN MANY COUNTRIES AS THEY USE THEM TO BACK THEIR CURRENCY VALUE AND THEY WONT BE IN CIRCULATION
Millionday: In a question »Sabah» whether there are stocks of the dollar offset the new currency Ulkipaia explained that the lack of possibility of currency issuance in the countries responsible unless offset by stocks of the dollar, gold or cash reserve pointing out that at the time of the former regime was printed banknotes without that there will be a stock of hard currency from the fact that the country was trapped and has no contact with other countries.
Millionday: NOTE — IN THE PAST IRAQ DID NOT HAVE HARD BACKED CURRENCY — THE NEW CURRENCY WILL BE BACKED UP BY US STOCKS — CASH OR GOLD
Millionday: The academic pointed d. Falah Thuwaini that the aim of the new edition is to reduce the quantitative content (numerical), saying not all modern edition is a new cash issue increases the amount of money supply, explaining that if it were printed will alone billion dinars from the category of 6000 dinars, or 10 000 dinars, or even 25 000 dinars possible that this billion itself is to be 50 000 class or 100 000 dinars, adding the possibility that there is a Ward acceptable to lead such a move to inflationary expectations in the case of a new version for multiple purposes to Aadamh up or cover concern appropriately.
~~~
Read More: http://www.dinarupdates.com/showthread.php?25426-Millionday-newstime-11-23-15&p=137976#post137976
______________________________________________________________
CURRENCY CODE SELL BUY
Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1166.000 | 1164.000 |
| Euro | EUR | 1246.221 | 1245.598 |
| British pound | GBP | 1780.715 | 1779.825 |
| Canadian dollar | CAD | 874.194 | 873.757 |
| Swiss franc | CHF | 1147.299 | 1146.725 |
| Swedish krona | SEK | 133.843 | 133.776 |
| Norwegian krone | NOK | 135.407 | 135.339 |
| Danish krone | DKK | 167.049 | 166.965 |
| Japanese yen | JPY | 9.484 | 9.480 |
| Special Drawing Rights |
SDR | 1608.882 | 1608.077 |
Announced the decision of the Finance Committee in the Iraqi Parliament, Ahmed Haji Rashid, the Iraqi banknotes of 50 and 100 thousand dinars, contains 13 feature, where the possibility of forgery impossible.
Search Prime Minister Haider al-Abadi with the Governor of the Central Bank on the Keywords., On Sunday, the financial budget for 2016.
