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) 05-11-16

Currency Auctions Announcement No. 3195

This daily currency auction was held in the Central Bank of Iraq on the 05-10-2016

The results were as follows:

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

Liberty, when it begins to take root, is a plant of rapid growth. – George Washington

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Wednesday evening 7:30pm CST!!

www.DinarUpdates.com – save as favorite!!

Central Bank Governor: Near give Iraq $ 15 billion over two years

Confirmed for the morning {} that the financial reserve reassuring international recognition

Baghdad , Tariq al – Araji – The central bank revealed near granted Iraq $ 15 billion paid over two years from the International Monetary Fund, the seven industrialized nations and the World Bank to help Iraq to overcome the financial crisis. And as he emphasized that the bank reserves of hard currency reassuring recognition of international organizations, he stressed not to raise the price of the dollar against the dinar because it would adversely affect the low-income people. The governor of the central bank on the Keywords in the interview with the «morning» dialogue: that Iraq is facing two major challenges in the economic and financial system and the two border crossings, customs, and the sale of foreign currency to the associated funds.

The following is the text of the interview

* What is your appreciation of the currency market selling daily?

– The subject of selling the currency requires a lot of clarification, especially as the sales process itself is not a negative exercise , a process carried out by the markets , and central banks in the world in order to maintain the stability of the general price through the stabilization of the exchange rate and inflation targeting , and this is provided for in the Central Bank Law Ban sells foreign currency and as reported by providing simple unconditional sales in the sense should shoot and selling process launched in line with the market economy , according to the Constitution and to meet the market need both for imports or for other purposes legitimate transfers, as well as Iraq in front of the international Monetary Fund ‘s commitment to the agreement signed in 2008 that states do not place restrictions before the sale of foreign currency process any sales launch process without restrictions to achieve control over the exchange rate and control of speculative dollar operation and when to meet whatever its size when the area does not remain to exploitation or monopoly demand or speculative dollar with the necessity of having effective control over the safety of those operations.

Currency market

* Who controls on the sale of currency and exchange rate?

– The dollar source in Iraq ‘s oil, meaning that the source of the general budget revenues to more than 90 percent is from the oil dollar and expenditures are Denar including accounted for 80 percent or more , so the Ministry of Finance the process of selling the dollar to the market to get the dinar Central Bank and the intermediary in the process , the dollar is transferred to dinars by selling it in the market and the granting of the dinar to the Ministry of Finance any that recent theory can is that in the process of selling the dollar directly to the market to feed its budget but because of the competence of the central bank ‘s monetary policy and control over the exchange rate is the body that are more control and jurisdiction over the subject. Also , some people do not distinguish between central bank reserves and treasury reserves or state or government dollar that accumulates at the central bank from the sale of the dinar is the cover of the local currency and it should be as far as the local currency and has maintained a more than this rate and more than one and a half in the sense that reserves foreign currency equivalent to more than the Iraqi dinar to one and a half and the international standard to be one – to-one or seventy percent , and some believe that this reserve is the government ‘s reserves , therefore , when at least be to display a state of anxiety and the fact that the real surplus of the government is that accumulates in the Ministry of Finance and not in the central bank even if the Finance Ministry does not sell every dollar to the market by the central bank maintains a department for him this is what represents a reserve or the real surplus of the government so that it can be used to fill the surplus years the budget deficit. Also, the existing reserves at the central bank when it does not go over to the Treasury when bent is not taken from the treasury and no related state treasury.

Bank Law

* In case the government approached the central bank to lend Can you that?

– Central Bank Act does not allow lending to the government, but can on according to its law to buy treasury transfers issued by the Ministry of Finance , which bought the bank of banks that buy these remittances in the sense that restores deducted Central Bank and the so- called market secondary meaning that the primary market when it issued the transfer from the Ministry of Finance may not be the central bank to buy it , but if purchased by banks and resold them then the Central Bank may be bought, and this is what he is doing now and be the cause of the decline in reserve at the central bank is therefore strange that some of the politicians or members of the House of Representatives wondering how to lower bank reserves Central at the time made ​​the budget a deficit covered vouchers Treasury bought by the central bank and in the budget bill that the central bank buys these remittances Petrlionat dinars central bank when it bought pumped dinar for the government to spend and this spending turn into a demand – importing any demand for the dollar «reserve». And that the financial and economic situation in spite of a controlled financial crisis and the fear of some politicians and citizens emanated from lack of awareness of a real understanding of monetary policy and the low level of awareness and this is a problem faced by the central bank.

Currency auction

* There are those who demand to cancel the auction of the currency, what do you think?

– Some forms that why there is an auction at the Central Bank of foreign currency in spite of the absence of such thing as an auction and the auction was in 2004 and entered Iraq as part of a fixed exchange rate set by the central bank rate and if the bank deliberately to the sales increase in the exchange rate means reduced purchasing power of citizens because Iraq importing country , even if an exporter at that devaluation will help increase exports , while in the case of Iraq when the lower value of the dinar and you are importer will be negatively reflected in the lives of citizens with limited income , therefore those who claim the central bank to reduce the value of the dinar we have told them Can you in parliament or The government Tkhvadwa staff salaries even though it was five or ten percent ones find difficult to do, and it how you want from the central bank to cut the value of real salaries by up to 30 percent in order to be rewarding in the sense that inflation will reach 50 percent , the sense of targeting low – income class and secondly the export of oil now does not come with more than a billion and a quarter Alumblyaraly and a half billion a month , and even if it has been reduced dinar was awarded the Ministry of Finance the largest amount versus the dollar amount will not create a big difference because the little amount , while that hit the purchasing power of citizens Valmrdod happen would be simple to the Ministry of Finance.

Address the imbalance

* What are your comments on the sale of currency, and how Stajawn the imbalance in it?

– The gap in the currency issue is not in the sales process, because it is a natural process carried out by all nations and teams of Iraq from other countries that these countries have other sources of dollars central bank where they do not have to sell the resort to sell when there is an imbalance presents an amount or withdraw amounts and now , for example , Turkey find that the flow of tourists and a large investment dollar volume covers the need of the market and the central bank does not need to sell the dollar versa banking companies are sending dollars to the bank to take the Turkish currency against which, but Iraq has other sources of dollars No, no dollars left in the market can meet the need Tourism parked semi – Off and investments and remittances from Iraqis from outside to inside and no transfers of Iraqis from the inside out increasingly, for example , citizens out of their money and sell their role and leaving Iraq authorized the central bank is not in front of the option of selling or not.

Strengthen oversight

And Osaf Products: Also , the bank in the event of his failure to sell the dollar will reach more than 5000 dinars scarcity of the dollar in the market, and here fear the sale is not a case of selling because he is the right of the merchant and the citizen who wishes to switch on according to the Constitution and the law , that this his property has the right to behave turning it from one currency to another , but there must be control over the money that bought the dollar and turn to outside sources is the escape of money derived from corruption Aogeraim or money laundering or terrorist financing or other and this was the fundamental weaknesses and requirements and the rules of the fight against money laundering in all the world points escalated over the past years and very large risks, so since I’ve been secretary general of the Council of Ministers asked for activating the role of anti – money laundering in the Central Bank office but did not do , and now has been activated along with an emphasis on bank’s compliance with anti – money laundering and the application of the principle of know your customer applied by all banks in the world must know his client where you have the money and the need to make sure is realized that the money that was legitimate and has direct this project, but needs time to apply it to the side to follow a lot of procedures and rules for banks to work and commitment through precise control and emphasis on this Thread dramatically , but now has become a requirement basis in the dollar sale of any bank or company is to make sure of the extent of his commitment to anti – money laundering rules.

The reality of the economy

* The extent of coordination between the central bank and the relevant institutions to improve Iraq ‘s economic reality?

– Adjust the border crossing points and the application of customs duties properly does not make the bank thinks reducing the value of the dinar as an option to increase the funding of the budget, but the option would be the proceeds from the tariffs and this is where the advantages of more than a devaluation, because the tariffs sorted by luxury and necessities of goods , therefore the citizen when consumed merchandise normal and essential will not be harmed and tariffs also would protect domestic production and indirectly will provide foreign currency instead of going abroad to import goods will be the goods at home and this will help the productive base of the development in the country to run the citizens and creates incomes real is dependent on oil revenue , and there are other advantages in ports in quality, health, environment control and that we pay the price dramatically.

Currency Exchange

* What are the mechanisms in place before you , to control the currency to convert overseas?

– Central Bank and control over the conversion process and to make sure it went to the titles that came out, which is often done on the basis of coverage of imports central bank when advancing his dealer invoice through his bank to import cars from confirming the validity of this matter is the Customs Authority so since the work directly in the bank In a series of regulatory measures that have been activated is to instruct that all transactions are by the bank and the network of bank and corporate conversion for the purposes of import gives more detail to the General Administration of customs, taxes and this provides a controlled interview and provide confirmation of the validity of the operations or not and provides a base for the collection of customs duties and will provide an important free base The key is not available to the body for any other way and the question is whether Haita customs and taxes benefited from this rule soon not and are now trying to utilize them and those filed reports are not the central bank ‘s job, but for the coordination and cooperation and to provide the base and the realization of the bank to double the tax and customs system. Also , this measure will engulf both transgressor real leaves , issued by the central bank to obtain customs duties and annual taxes, the corruption that exists helped on the case of chaos and poor oversight in recent years in the sense of customs permits required by the bank who Asthsaloa amounts mostly false and more that some people who have provided lists the health of the issuance have been paid against which the amounts were purchased corruption. And cofactor which the central bank appointed by the issue of coverage of imports, is the return to work curriculum import sense Ministry of Commerce issued disclosure need Iraq ‘s annual Accordingly, the central bank believes amounts to this need and asked the Commerce Department to provide us disclose annually , but it has not responded so far.
Target bank

* Why it is aimed at the central bank by some politicians and the media?

– Targeting central bank in part a lack of understanding and partly because of the steadfast and proven institutions for financial and economic situation and the World Bank last year , so far supportive of the liquidity of cash through the purchase of treasury transfers but not to Iraq has seen a collapse in the financial situation. The economic situation of the country experiencing fear and the central bank is part of the system, but by working with existing institutions in the United States and international organizations as a fund cash and the World Bank do not point to a fear of the collapse of the central bank and the IMF still believes that the central bank plays an important role in maintaining the exchange rate stability and to maintain reserves and the latest report released a month from the international Monetary Fund before confirmed that the reserve is located in the central bank more than the Fund ‘s expectations so the IMF and the World Bank do not have concerns about the bank and believe that the role played by helped to stabilize the financial situation and has had a the foundation role in stabilizing the financial situation and not to the government is not able to cover expenses and even salaries.

International Support

* What is the amount of support provided by the specialized international organizations for Iraq?

– We got to the final stages to get the support from the International Monetary Fund and World Bank industrialized nations seven of the next two years up to $ 15 billion, the central bank and the Ministry of Finance and play the foundation role in holding talks and arrangements for this support and intervention under different titles, some of which facilities and loans and grants to override the financial crisis and this is right for Iraq because it pays annual subscription since the founding of these organizations and IMF conditions correspond to the conditions and terms of Iraq reformist because Iraq wanted to raise revenue and reduce consumer expenditure and wants to improve the standard of living , and this corresponds with the Fund wants among the conditions , but affect all issues social nature or the health, educational and unwound considered a breach. The big challenge in front of the bank is to maintain the value of the dinar in spite of lower oil prices and the central bank has stood in defense of the exchange rate and the purchasing power and maintain a reasonable level of foreign currency reserves price, we are fighting a major challenge and are making an extraordinary effort for the sake of it, in the past years was the dollar derived from the export of oil in Iraq , up to 8 or $ 9 billion a month, and has now fallen dramatically , putting a big challenge in front of the central bank with the continuation of government spending high, that the most dangerous thing that the central bank is facing when it issued the budget deficit and the means do not cover them by the Ministry of Finance dinars Vtguetrd through treasury transfers means that the dinar becomes a demand for the dollar has no dollars interview.

* Wayne arrived the project to delete the zeros?

– The project to delete the zeros still exists in the Central Bank, but can not do this job unless stability is achieved in the country, organizational stability and administrative and financial , to ensure that breaches or problems in the implementation of the project.

Read More: http://www.dinarupdates.com/showthread.php?34319-Central-Bank-Governor-Near-give-Iraq-15-billion-over-two-years

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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

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Iraqi ports announces high finance its imports to their highest rate in five years

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rcookie (Dinar Guru) –    THEY ARE READY AND ABLE TO ACCEPT ARTICLE VIII OBLIGATIONS…AND ALL THEY ENTAIL…AT ANY TIME…

Read More: http://www.dinarupdates.com/observer/
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Abadi Office calls for Parliament to conduct its business and confirms secure protection

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rcookie (Dinar Guru) –   …ABADI AND JABOURI HAVE GIVEN ABSOLUTE ASSURANCES OF 2 MAIN THINGS…THE PROSECUTION OF “INFILTRATORS” OF PARLIAMENT AND PROPERTY DAMAGE OF PROTESTORS AND DEMONSTRATORS (SADRISTS)…AS WELL AS BOLSTERING OF SECURITY AND PROTECTION MEASURES OF MILITARY PERSONNEL DEPLOYMENT AT STATE INSTITUTIONS AND PRIVATE PROPERTY…AND CITED 2 BIG…BIG…BIG UPCOMING HIGH LEVEL MEETINGS…1 WITH IMF…AND THE OTHER G7 TO SUPPORT IRAQ ECONOMICALLY AND SUPPORT OF COMPREHENSIVE REFORMS…

Read More: http://www.dinarupdates.com/observer/
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Freedom of movement of capital to attract investment

BAGHDAD – Imad Emirate – Called economic Academy to ease restrictions on money entering heads to Iraq what would bring more attractive to foreign investment that the country needs to strengthen the infrastructure and development services.

He Acanuto Star Jaber Al- Omran , from the Faculty of Management and Economics at the University of Mustansiriya: the risk that hinder investment in all countries of the world is to change monetary and fiscal policies in the investor state where or put restrictions on currency conversion abroad or the imposition of new taxes.

He said in an interview for «morning », in some cases , the governments of these countries to resort to expropriation of foreigners through the steps of nationalization and its management of investment projects, noting, that this has happened in quite a number of countries , both in the continent of Asia, Africa or South America.

He said Imran, all that due to lack of political and economic instability and the lack of legal legislation guaranteeing foreign investor rights and is protected under frequent occurrence in these countries political and economic fluctuations , especially in regard to the long – term investment.

«it refers economists to the presence of many determinants that hinder the movement of capital and flow to this or that country, usually observe several divisions of these determinants we observe under several labels, including political, economic, financial, administrative, technological, legal and technical side of financial and administrative corruption, also note other divisions related to economic reform and the exchange rate and inflation ».

He returned Omran adds that politically stable countries and economically all over the world are working very hard to provide the appropriate environment to attract more foreign investment, and therefore believes that countries in Southeast Asia, such as Malaysia and Singapore, had years before others in this area after it began providing the proper environment of the local private sector to work .

He said it carried out the privatization in the early and largely what led to attracting foreign direct investment , especially in the public benefit institutions, banks and the areas of communication, and then followed by China , South Korea and India, as did the countries of South America , where she worked to enact laws and regulations that ensure the protection of foreign direct investment and development and reducing the restrictions imposed on it.

Read More: http://www.dinarupdates.com/showthread.php?34318-Freedom-of-movement-of-capital-to-attract-investment

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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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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

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

Estimate the shadow price of foreign currency:

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

The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.

* What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar.In particular the following outputs and inputs of foreign currency were distinguished:

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

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

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

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

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

The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:

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

And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.

3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Monday-May-9th-2015&p=128477#post128477

This was for the IDIOT trying to tell me there was NO LEGITIMATE info available on the Iraqi Dinar – but that the Iranian Rial was a GOOD INVESTMENT. 

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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

Indicative rates – 05.11.2015

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) 05-10-16

Currency Auctions Announcement No. 3195

This daily currency auction was held in the Central Bank of Iraq on the 05-10-2016

The results were as follows:

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

He who dares not to offend cannot be honest. – Thomas Paine (please see BGG News Time from last nite 😀 )

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Tuesday evening 7:30pm CST!!

www.DinarUpdates.com – save as favorite!!

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

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

Estimate the shadow price of foreign currency:

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

The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.

* What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar.In particular the following outputs and inputs of foreign currency were distinguished:

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

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

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

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

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

The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:

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

And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.

3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Monday-May-9th-2015&p=128477#post128477

This was for the IDIOT trying to tell me there was NO LEGITIMATE info available on the Iraqi Dinar – but that the Iranian Rial was a GOOD INVESTMENT. 

______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

______________________________________________________________

Obeidi Looking preparations for the liberalization of Mosul and Fallujah

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firefly – Article:  “Rasheed Bank grants loans of up to 20 million for the operation of small businesses”   …it definately helps their economy…And more confirmation that Rasheed bank is ready!   [I think May is a great month.]  Will be an extremely interesting month and one to watch closely!

Read More: http://www.dinarupdates.com/observer/
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The House of Representatives will reconvene next Tuesday

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Frank26 – We are in the process of entering the … RI.

Read More: http://www.dinarupdates.com/observer/
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Deputy for the Liberal calls for Maliki to be outside the political process and “behind bars”

MP for the Liberal bloc Majid al-Gharawi, on Friday, that the cause of the dropping of four Iraqi provinces, however, the organization “Daash” terrorist, referring to Nouri al-Maliki should be outside the political process and “behind bars.”

Gharrawi said in an interview that “the cause of dropping the four provinces, however Daash terrorist and brought the country to what it is now because of the wrong Ssayasth, you must be outside the political process.”

He Ghraoui, “you should have this person (al-Maliki) behind prison bars, in order to pay for what he has done and the work is supported by the burdens of politicians.”

The head of the so-called coalition of state law, Nuri al-Maliki on Thursday to keep the Sadrists from the political process for his followers to storm the Green Zone and the House of Representatives on Saturday.

Maliki said in his page on the social networking site Twitter, that “those who attacked the legitimacy of the state represented by the Parliament should not have a position in the political process unless they come back to their senses,” referring to the Sadrist movement, which called for sit-ins and demonstrations near the Green Zone and evolved into demonstrators storming of the area and enter parliament.

Maliki said that “the situation in the mercurial attitudes and live for the benefit and leadership are brought the country to this case.” According to him.

Read More: http://www.dinarupdates.com/showthread.php?34215-Deputy-for-the-Liberal-calls-for-Maliki-to-be-outside-the-political-process-and-quot-behi

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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

______________________________________________________________

Zamili describes al-Maliki a man of “despicable” !!

Orbit News – Chairman of the parliamentary security and defense, said the former prime minister Nuri al – Maliki man “light – hearted” He does not know how to lead the state and lost Bzmenh third area of Iraq unless it is a time of happening any former commander.

Zamili said in a press statement, said that “al – Maliki , a nervous man and a light – hearted and was bad in the state administration and cause a great many problems and was unable to win the opponents adopted the style of mistrust and intimidation.”

He added that “the Sadrist movement may not be able to control the revolution of the hungry against the corrupt and the corrupt and those who are trying to distort the image demonstrations and sit – ins and all activity abort attempts to rob and rape of Iraqi territory.”

Read More: http://www.dinarupdates.com/showthread.php?34281-Zamili-describes-al-Maliki-a-man-of-quot-despicable-quot-!!
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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

http://www.cbi.iq/

Indicative rates – 05.10.2015

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) 05-09-16

Currency Auctions Announcement No. 3194

This daily currency auction was held in the Central Bank of Iraq on the 05-09-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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Don’t go around saying the world owes you a living. The world owes you nothing. It was here first. – Mark Twain

*** Current News ***

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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

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

Estimate the shadow price of foreign currency:

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

The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.

* What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar.In particular the following outputs and inputs of foreign currency were distinguished:

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

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

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

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

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

The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:

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

And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.

3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Monday-May-9th-2015&p=128477#post128477

This was for the IDIOT trying to tell me there was NO LEGITIMATE info available on the Iraqi Dinar – but that the Iranian Rial was a GOOD INVESTMENT. 

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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

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Obeidi Looking preparations for the liberalization of Mosul and Fallujah

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firefly – Article:  “Rasheed Bank grants loans of up to 20 million for the operation of small businesses”   …it definately helps their economy…And more confirmation that Rasheed bank is ready!   [I think May is a great month.]  Will be an extremely interesting month and one to watch closely!

Read More: http://www.dinarupdates.com/observer/
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The House of Representatives will reconvene next Tuesday

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Frank26 – We are in the process of entering the … RI.

Read More: http://www.dinarupdates.com/observer/
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Deputy for the Liberal calls for Maliki to be outside the political process and “behind bars”

MP for the Liberal bloc Majid al-Gharawi, on Friday, that the cause of the dropping of four Iraqi provinces, however, the organization “Daash” terrorist, referring to Nouri al-Maliki should be outside the political process and “behind bars.”

Gharrawi said in an interview that “the cause of dropping the four provinces, however Daash terrorist and brought the country to what it is now because of the wrong Ssayasth, you must be outside the political process.”

He Ghraoui, “you should have this person (al-Maliki) behind prison bars, in order to pay for what he has done and the work is supported by the burdens of politicians.”

The head of the so-called coalition of state law, Nuri al-Maliki on Thursday to keep the Sadrists from the political process for his followers to storm the Green Zone and the House of Representatives on Saturday.

Maliki said in his page on the social networking site Twitter, that “those who attacked the legitimacy of the state represented by the Parliament should not have a position in the political process unless they come back to their senses,” referring to the Sadrist movement, which called for sit-ins and demonstrations near the Green Zone and evolved into demonstrators storming of the area and enter parliament.

Maliki said that “the situation in the mercurial attitudes and live for the benefit and leadership are brought the country to this case.” According to him.

Read More: http://www.dinarupdates.com/showthread.php?34215-Deputy-for-the-Liberal-calls-for-Maliki-to-be-outside-the-political-process-and-quot-behi

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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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Zamili describes al-Maliki a man of “despicable” !!

Orbit News – Chairman of the parliamentary security and defense, said the former prime minister Nuri al – Maliki man “light – hearted” He does not know how to lead the state and lost Bzmenh third area of Iraq unless it is a time of happening any former commander.

Zamili said in a press statement, said that “al – Maliki , a nervous man and a light – hearted and was bad in the state administration and cause a great many problems and was unable to win the opponents adopted the style of mistrust and intimidation.”

He added that “the Sadrist movement may not be able to control the revolution of the hungry against the corrupt and the corrupt and those who are trying to distort the image demonstrations and sit – ins and all activity abort attempts to rob and rape of Iraqi territory.”

Read More: http://www.dinarupdates.com/showthread.php?34281-Zamili-describes-al-Maliki-a-man-of-quot-despicable-quot-!!
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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

Indicative rates – 05.09.2015

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) 05-05-16

Currency Auctions Announcement No. 3192

This daily currency auction was held in the Central Bank of Iraq on the 05-05-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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The problem with democracy: We get the government – they deserve. – Will Spencer

*** Current News ***

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Friday evening 7:30pm CST!!

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Will Abadi resign from his party?

BAGHDAD, Iraq — Iraqi Prime Minister Haider al-Abadi is seeking to form a government of independent technocrats away from the quotas system, the political process that Iraq has grown accustomed to over the past 13 years. Under the system, the political positions are divided according to the quotas distributed among the main components of the country — Sunnis, Shiites and Kurds. However, the steps that the prime minister is taking in forming the government of independent technocrats has faced obstacles, most notably political and popular demands for him to leave the Islamic Dawa Party with which he is affiliated.

Abadi became prime minister of Iraq on Aug. 11, 2014, when President Fuad Masum assigned him to form a government, after the Iraqi political blocs refused to grant his predecessor, Nouri al-Maliki, a chance to get a third term, forcing him to waive his third term in favor of his fellow party member, Abadi.

On March 2, Hanan al-Fatlawi, member of parliament (MP) and head of the Irada block — an independent block that has no governmental position and only one parliamentary seat — demanded that Abadi, her former colleague in the State of Law coalition, should either resign from his position as head of the government or declare a state of emergency and ask the parliament to vote on it.

She noted in a press statement, “Abadi came up with the ministerial change to distract the Iraqi street and waste time until the end of the current election round. The current ministers in the Iraqi government are not working seriously, and the ministries are almost paralyzed because of the anticipated ministerial change sought by Abadi.”

Meanwhile, MP for the Kurdish Change bloc, MP Risan Sheikh, told Al-Monitor, “Abadi intends to form a government of technocrats, and this is a positive step toward reform, but it is difficult for Abadi to head this government as long as he insists on remaining affiliated with the Dawa Party. This is a fallacy and a negative point against the democratic political process.”

She also said, “Abadi has to abandon his party for his presiding over a technocrat government to be convincing and positive; he cannot have partisan affiliations and look for independent ministers. It is necessary to withdraw the vote of confidence from Abadi and elect someone who is strong and capable of putting an end to the quotas system in the country and saving it from the crises that plague it.”

Against this background, protesters organized a demonstration at Tahrir Square in Baghdad and called on Abadi to become independent and announce his resignation from the Dawa Party.

One of the protesters at Tahrir Square, Suad Ali, told Al-Monitor, “Iraqis are protesting to demand Abadi to resign from the Dawa Party and to set an example for a government of independent technocrats. If he stays affiliated with the party, I do not see how he could be able to positively head the government or even obtain political and popular support. A technocratic government should be headed by a person who has no affiliation with any party. His sense of belonging and loyalty should only be to Iraq so that he can [properly] serve the Iraqi people.”

In a press conference held at the parliament on March 2, a number of MPs for the National Alliance called on Abadi to resign from his party as part of the reforms that he wants to carry out.

MP Ali al-Badri, who participated in the press conference, said, “Public opinion is being misled when it comes to the reforms that are going to save the country from destruction and corruption just by changing ministers. Some blocs want a partial Cabinet reshuffle while others want a technocratic Cabinet.”

He noted, “The major issue in the country is not only the ministers, but also the undersecretaries and general managers in the ministries, who are subject to the quotas system,” adding, “Even if the prime minister brought ministers as wise as prophets, the competent parliamentary committees are the ones that monitor their work; how can a minister work with a monitoring committee that follows the quotas system?”

Badri stressed the importance of “a reform program that is built on solid foundations and not only based on the Cabinet reshuffle. The program must start with the prime minister himself; he should abandon his party and show Iraq that he is a prime minister for all Iraqis.”

Ihsan al-Shammari, a political analyst and head of the think tank Iraqi Centre for Political Thought, told Al-Monitor, “The demand made by the political powers for Abadi to submit his resignation from the Dawa Party bears a political dimension, which is part of the obstacles impeding the reform project that he put forward and which targeted the center of influence of leaders and political parties, prompting them to find obstacles for this shift toward the use of [competent personnel] in the management of the state and its institutions.”

He added, “There is a constitutional cover for [Abadi] to remain within the scope of the political system; Article 78 of the Iraqi Constitution points out that the president shall assign the candidate of the largest parliamentary bloc, and the constitution does not state that the prime minister shall be independent or be obliged to choose the ministers of any title, whether they are independent or technocrats.”

Shammari stressed that “the demands for Abadi to resign from his party are part of the struggle and political revenge between parties that do not want to leave the partisan, sectarian and nationalistic quotas system and are still holding onto the power and its luster.”

Perhaps those demanding Abadi to resign from the Dawa Party will not stop here; they might even demand him to resign from his position as prime minister or even call on the parliament to withdraw the vote of confidence, should he insist on staying affiliated with his party. However, Abadi might be surprised by a step similar to the one that surprised parliament Speaker Salim al-Jabouri on April 14, when about 171 MPs staged a sit-in at the parliament building and voted to dismiss him and his two MPs Humam Hamoudi and Aram Al-Sheikh Ali.

The political crisis in Iraq has affected the entire political system, which is still searching for a way out. This comes amid disputes that cannot easily be resolved, especially after an angry public has already taken a stance.

Read More: http://www.dinarupdates.com/showthread.php?34147-Will-Abadi-resign

This is from a few days back – but most relevant. This adds some real perspective to the current “dust up” in Parliament…

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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

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Baghdad protesters to leave green zone, commemorate Shiite Imam…

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firefly – Remember…Jack Lew doesn’t go anywhere unless it involves money!  And where was he last week?   Iraq!!

Read More: http://www.dinarupdates.com/observer/
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Baghdad tensions ease as demonstrators leave to mark religious mourning ceremony…

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wmawhite – [RV during Ramadan?]   …Ramadan has nothing to do with this…they still work.  RAMADAN does not kill anything…this event is not an event driven process…and why do I say this?  Because they have told each of you…that this process is happening now…now!

Read More: http://www.dinarupdates.com/observer/
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Iraqi PM orders arrest of protesters who stormed parliament…

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US Defense Secretary Ash Carter meets with Iraqi Prime Minister Haider al-Abadi on the sidelines of the World Economic Forum in Switzerland last January. Photo: DoD.

Carter defends Iraq’s Abadi, says he remains in ‘strong position’

ERBIL, Kurdistan Region – US Secretary of Defense Ash Carter has vouched for Iraqi Prime Minister Haider al-Abadi, saying he remained strong despite the political tumult in Iraq.

“He seems to be in a very strong position. Obviously we support him strongly because of what he stands for,” Carter said Monday, according to media reports.

Abadi has faced increased domestic pressure in Iraq as supporters of the Shiite cleric Muqtada al-Sadr stormed parliament on Saturday, demanding the immediate implementation of reforms and the removal of corrupt officials.

“Prime Minister Abadi stands for and has been a partner in all of the things that are important to Iraq’s future,” Carter said, “namely a country that holds together and doesn’t just spiral off into sectarianism.”

Additionally, Carter said, Abadi has made progress against the Islamic State (ISIS) on the battlefield. In recent months the Iraqi military, with close US-led coalition air support, forced ISIS militants from the Anbar province capital of Ramadi and took the offensive against the militants across that province.

“That’s why it’s so important for the international community to help and support the Iraqi government at this time,” Carter urged.

The defense secretary is currently in Germany to discuss the counter-ISIS campaign with the European members of the US coalition.

Read More: http://www.dinarupdates.com/showthread.php?34151-Carter-defends-Iraq%92s-Abadi-says-he-remains-in-%91strong-position%92&p=151580#post151580

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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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A source reveals to break into the Green Zone has been coordination between al-Sadr and al-Abadi

Detecting leaders from within the three presidencies and the heads of political blocs to a meeting, on Monday, for ‘collusion’ between Prime Minister Haider al – Abadi and the cleric Muqtada al – Sadr to allow the demonstrators to break into the Green Zone, as pointed out a government trend to change to protect the Green Zone through the use of the Peshmerga.

She said leaders in a press statement, said that ‘there is a tendency to change to protect the Green Zone by costly power to protect them for years, dating back to the Baghdad Operations Command and the Joint Special Operations Command, after failing to secure the protection of this area after the storm by supporters of the cleric Moqtada al – Sadr and the occupation the seat of parliament , which is the symbol of prestige of the state ‘.

She added that ‘ the meeting of the three presidencies and the leaders of political blocs, led by President Fuad Masum, carrying Prime Minister Haider al – Abadi responsibility for what happened as commander of the armed forces, so the force that protects that region are either weak has proved that in the first serious test them or they complicit with the protesters, and in both cases the prime minister is primarily responsible ‘.

He said , ‘ the statement issued by the presidencies of the meeting did not include a lot of candid conversations that took place during which especially since there are indications of many of the present leaders to break into the Green Zone , the process but has the complicity of a clear distinction between al – Sadr and al – Abadi to Abadi look like a strong man , depending on the Sadrist movement in the face of strong opponents, led by Nuri al- Maliki , who has staked a lot on the last picket the House of Representatives after being thrown dozens of followers to a mass sit -in rule of law in the House of Representatives. ”

He said , ‘Maliki aims to change the rules of the game, which is the first resignation of parliament speaker Salim al – Jubouri, and then interrogate al – Abadi in preparation for the withdrawal of confidence from it, which means forcing the president to assign the largest parliamentary bloc to nominate a person to form a new government, which means opening the road again in front of al – Maliki to return to the strongly – end ».

And on the steady drumbeat of accusations by the partners to Sadr in the Shiite house to break into the green zone took place between al – Sadr and al – Abadi format, leaders of the ‘information says that the operations room in the Green Zone, he had met the three are a senior intelligence officer, and the team , Mohammad Reza, the commander said protection of the green Zone, the official peace Brigades of the Sadrist movement; in order to coordinate the process of entering a peaceful manner completely which is what actually happened except for individual cases, such as the attack on some MPs’.

See more at: http://www.dinarupdates.com/showthread.php?34093-A-source-reveals-to-break-into-the-Green-Zone-has-been-coordination!!&p=151455#post151455
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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

http://www.cbi.iq/

Indicative rates – 05.06.2015

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) 05-02-16

Currency Auctions Announcement No. 3190

This daily currency auction was held in the Central Bank of Iraq on the 05-02-2016

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 ***

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Abadi seeks to liquidate al-Maliki and Allawi and Nujaifi relying on our movement protest

BAGHDAD / Hassan Shammari: The leader of the Sadrist Prince Kanani, on Monday, Prime Minister Haider al-Abadi seeks to liquidate his opponents (Nuri al-Maliki and Ayad Allawi and Osama Najafi, by relying on the demonstrators, stressing that the protest movement is in the interest of the end for al-Abadi.

Said Kanani in alone for “Middle East”, and seen by “Sky Press,” that “Abadi Pat derives its strength from the demonstrators, and he was able to cross the protests of the overthrow of the leaders of the senior fold: Nouri al-Maliki, and Iyad Allawi, and Osama Najafi, Saleh al-Mutlaq through package The first reforms last year. ”

Kanani said that “al-Abadi is not weak as many fancy, but it will work on the liquidation of the remaining adult opponents, to take advantage of this protest movement flowing into the end of his interests.”

For its part suggested the MP for the coalition of state law, high Nassif that “what happened is coordination and agreement between al-Sadr and al-Abadi, and what could have happened if things were not this way.”

While MP Ahmad al-Jarba meaning it was considered “Whatever the justifications, the targeting of Parliament in this way but it is a target for the prestige of the state, which is more dangerous than the corruption that we all fight it.”

Jarba added that “the end of the prestige of the state mean the end of everything, and if we are talking about today’s financial and administrative corruption, tomorrow we can talk about the great bands will not be able to stand one of her face.”

Detecting leaders from within the three presidencies and the heads of political blocs to a meeting, on Monday, for “complicity” between Prime Minister Haider al-Abadi and the cleric Muqtada al-Sadr to allow the demonstrators to break into the Green Zone, as pointed out a government trend to change to protect the Green Zone through the use of the Peshmerga.

Informed sources revealed on Sunday, for the conduct of senior commanders in the Iraqi army to carry out consultations with “corrective movement” for control of the Green Zone, as pointed out that the movement may be trying to hold early elections after which the election of the three presidencies on a national basis.

Stormed the protesters Sadrist movement, on Saturday, the House of Representatives building in the green dotted Baghdad to protest the lifting of its meeting until next week without a vote on the complete cabinet reshuffle, and assaulted some of them on a number of House of Representatives, while the Office of the Martyr al-Sadr announced on Sunday, “innocence” of people who assaulted some lawmakers, stressing that he has been brought to storm parliament.

The face of the commander of the armed forces and the Iraqi Prime Minister Haider al-Abadi on Sunday, the Interior Ministry to pursue the attackers on the security forces and members of the House of Representatives and who vandalized public property.

Read More: http://www.dinarupdates.com/showthread.php?34092-Abadi-seeks-to-liquidate-al-Maliki-and-Allawi-and-Nujaifi-relying-on-our-protest&p=151454#post151454

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

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rcookie – LACK OF QUORUM, WAS OFFICIAL REASON GIVEN TO POSTPONING CABINET RESHUFFLE VOTE TO TUESDAY...

Read More: http://www.dinarupdates.com/observer/
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Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Monday evening 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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BGG – [your impression of today’s events?]  Probably the best true News Day in a long time…has been running on the Fox news ticker all day long [Saturday]…and since most of us hold their currency – BIG DAY.  Very exciting – we think it is “business as usual”…except…it has been running on every channel – all day long since 6 AM [Saturday]…FOX has run this on their ticker over and over and over and over…  …protests are about Sadr wanting reforms – Abadi wants reforms – this is good for him in the long run…this plays DIRECTLY into his political “wheel house”…he’s GOBBLING up the int’l attention…Sadr is NOT THE CATALYST…but he is helping get things moved on down the road…  [In light of these last couple of days, do you think Abadi will go ahead and call for early elections and replace people by proxi or will he still try and do things through parliament?]  looks more and more like – maybe…that only puts Abadi in  HYPERDRIVE…good for us. […this didn’t slow things or mess up timing?]  when in a “HIGH PROFIT INVESTMENT” – turmoil is ALWAYS GOOD…Turmoil is the catalyst for upward movement…   [Any clue as to WHEN?]  the IMF already told you when.

Read More: http://www.dinarupdates.com/observer/
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A source reveals to break into the Green Zone has been coordination between al-Sadr and al-Abadi

Detecting leaders from within the three presidencies and the heads of political blocs to a meeting, on Monday, for ‘collusion’ between Prime Minister Haider al – Abadi and the cleric Muqtada al – Sadr to allow the demonstrators to break into the Green Zone, as pointed out a government trend to change to protect the Green Zone through the use of the Peshmerga.

She said leaders in a press statement, said that ‘there is a tendency to change to protect the Green Zone by costly power to protect them for years, dating back to the Baghdad Operations Command and the Joint Special Operations Command, after failing to secure the protection of this area after the storm by supporters of the cleric Moqtada al – Sadr and the occupation the seat of parliament , which is the symbol of prestige of the state ‘.

She added that ‘ the meeting of the three presidencies and the leaders of political blocs, led by President Fuad Masum, carrying Prime Minister Haider al – Abadi responsibility for what happened as commander of the armed forces, so the force that protects that region are either weak has proved that in the first serious test them or they complicit with the protesters, and in both cases the prime minister is primarily responsible ‘.

He said , ‘ the statement issued by the presidencies of the meeting did not include a lot of candid conversations that took place during which especially since there are indications of many of the present leaders to break into the Green Zone , the process but has the complicity of a clear distinction between al – Sadr and al – Abadi to Abadi look like a strong man , depending on the Sadrist movement in the face of strong opponents, led by Nuri al- Maliki , who has staked a lot on the last picket the House of Representatives after being thrown dozens of followers to a mass sit -in rule of law in the House of Representatives. ”

He said , ‘Maliki aims to change the rules of the game, which is the first resignation of parliament speaker Salim al – Jubouri, and then interrogate al – Abadi in preparation for the withdrawal of confidence from it, which means forcing the president to assign the largest parliamentary bloc to nominate a person to form a new government, which means opening the road again in front of al – Maliki to return to the strongly – end ».

And on the steady drumbeat of accusations by the partners to Sadr in the Shiite house to break into the green zone took place between al – Sadr and al – Abadi format, leaders of the ‘information says that the operations room in the Green Zone, he had met the three are a senior intelligence officer, and the team , Mohammad Reza, the commander said protection of the green Zone, the official peace Brigades of the Sadrist movement; in order to coordinate the process of entering a peaceful manner completely which is what actually happened except for individual cases, such as the attack on some MPs’.

See more at: http://www.dinarupdates.com/showthread.php?34093-A-source-reveals-to-break-into-the-Green-Zone-has-been-coordination!!&p=151455#post151455
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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

______________________________________________________________

Mutlaq , demanding the withdrawal of confidence from the al – Abadi and the formation of a national salvation government

(Independent) … accused the coalition of Arab head of Saleh al-Mutlaq, Prime Minister Haider al-Abadi use reform to solve the internal problems of the mass of the title, while the student to withdraw confidence from the Prime Minister and the formation of a national salvation government, stressed the support of demonstrations and sit-parliament.
Saleh al-Mutlak said in a statement received by the (independent) said on Monday that “as long as we have emphasized the need to reform the political process and take it out of the box of sectarianism, ethnicity and the need to build in accordance with the national standards, and warned of the procrastination process reforms or jump on them in order to preserve the gains partisan or narrow partisan, and we have for years and an integrated national project aimed at addressing the structural imbalance in the political process through a national reconciliation Nadzh, and build a state citizen stands at the same distance from the sons and all components of the Iraqi people. ”

He added, “We participated have left many of the document Arbil political documents after the 2010 elections, and the document of the political agreement that emerged, including government-Abadi, which included a diagnosis of the problems and provided treatments if they were adopted by successive governments because if Iraq had reached its lowest levels in the security, financial and service level, and when the Iraqi people rose up demanding reform. ”

He said al-Mutlaq “It was a sit-Anbar and provinces six Almentvdh, Cry popular national general approach of government arrogance and financial and administrative sectarianism and corruption abhorrent and the injustices suffered by the Iraqi people in general and the people of those provinces, in particular, and instead of moving power towards meeting the demands of the demonstrators, which confirmed the legitimacy, has used to suppress the worst means of repression, although our response and our warning of the consequences of this approach. ”

Mutlaq promised that “the change of form and the survival of the curriculum after the 2014 elections, has generated frustration among the Iraqi people, especially after the security landslides continued, and extended the organization Daash terrorist on the ground in Iraq and the growing phenomenon of uncontrolled weapons outside the framework of the state, and financial and administrative corruption, which has eroded the budgets of state Iraq, which called on the Iraqi people for a demonstration calling for reform. ”

Al-Mutlaq said that “these demands has been unable political forces, but its support, giving authorization absolute prime minister achieve them even if they are on the electoral maturity account as the abolition of deputy prime minister and vice-president positions,” returned to “Abadi has lost its compass reform, it has become clear two years after the life of the government. ”

He accused al-Mutlaq al-Abadi “using the reform Title resolve its internal problems in the bloc, which enter the country in a series of crises led to the division of the House of Representatives, and a sit-in demonstrators inside the constitutional institutions”, returned to his policies “have brought the political process to the ends of stifling possible to lead Iraq into the unknown.” .

He expressed Mutlaq “support the right to peaceful protest and freedom of expression, and encourage him and call him as a lobbyist on the government and the political blocs adhering to the sectarian quota system,” warning “the employment of the demonstrations and the suffering of the people in order to achieve the political interests of the parties and blocs at the expense of the interests of the Iraqi people.”

Al-Mutlaq called for “a comprehensive review of the overall political process and to reformulate a new political contract nucleus of a national not sectarian,” referring to the “full support for the demonstrations for reform, with a reservation on the entry of agendas or partisan Ketloah them, and the support of the reformist movement done by the sitters of Representatives and demands the dismissal of presidencies three, despite the drawbacks of the presence of some of the characters. ”

He called al-Mutlaq President Fuad Masum “to send a book to withdraw confidence from the Prime Minister immediately, and the formation of a national salvation government in accordance with the efficiency and citizenship standards, and work hard in order to re-healing of the Iraqi Council of Representatives in order to vote on the bailout government”, calling on the United Nations, the Arab League and the EU countries to “provide full support and assistance to the Iraqi people in their quest to form a Government of National Salvation.” (end)

Read More: http://www.dinarupdates.com/showthread.php?34094-Mutlaq-demanding-the-withdrawal-of-confidence-from-the-al-Abadi-and-the-formation&p=151456#post151456

Of course Mutlaq is “calling for this…” it’s his one and only hope of not being prosecuted and getting things back to the way they used to be… this guy is one of the main thieves… (which have been on both sides of the aisle).

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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

http://www.cbi.iq/

Indicative rates – 05.02.2015

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) 04-26-16

Currency Auctions Announcement No. 3187

This daily currency auction was held in the Central Bank of Iraq on the 04-26-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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Crisis is the rallying cry of the tyrant. – James Madison

*** Current News ***

______________________________________________________________

Ok – so here it is…

I have been working on this info for a couple of days now… I needed to look into it, capture some screen shots on my own and mull it over before I put this out…

It appears, last Tuesday, for about 3 hours – the Investing.com trading platform was showing an increased value to around 8 1/2 cents… I’ll add more details as we go…

Here is a screenshot taken last Tuesday, showing a clear increase in the value of the Dinar. Obviously, only for about 3 hours, but still… very exciting.

To “fact check” this for yourself, go to – http://www.investing.com/ – move your cursor to “More”… click on “Currencies”… In the Middle East section find USD/IQD – click on it…

Just under the USD/IQD overview – there is a line that has the “1H” shown below… click it, you will notice that for approximately 3 hours on the 19th, the value (on this platform) of the IQD was reflected as approximately 8 1/2 cents (more on how I arrived at this later).

BTW – It obviously shows a significant increase (like – almost 10,000%). When you place your cursor in the lower right hand circle… it will show a value (at that time) of 11.8 Dinars per USD. WOW!! (Thanks to thh for providing this info)…

Note the “day range” of 11.8-1,165.10 Dinar to the USD… NICE. We’ll see how this ends up – but this is notable. Are trading platforms “quirky”? Yes, notoriously…

However, this shows up a number of different ways, and not just in one instance… though it doesn’t show up on all of their templates, this goes hand – in – hand with the recent vein of news that Iraq is “readying” themselves for some “major integration” with the world markets.

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

11.8 DOES NOT mean they simply “removed the zeros” – it would have had to move one more decimal place if this were the case. This reflects (and that is all I am commenting on – what this platform reflects). It is reflecting 11.8 Dinars per 1 USD. To figure the value – since it is in divisions of 1 USD… take 1 (USD) divided by 11.8 = .08475 (ish)… or about 8 1/2 cents. Is this where I think it will end? NO. Is this where I think it will start? It may already have. I am neither predicting nor proclaiming… I am simply sharing and commenting on what is readily available. 

Very exciting times…

______________________________________________________________

Poppy3 – A NEW BUT VERY WELL POSITIONED SOURCE…HE IS SO CLOSELY INVOLVED HE IS FORBIDDEN TO HOLD DINAR…HE SAYS THE NEXT WINDOW DOES NOT OPEN TILL JUNE 1 AND WILL REMAIN OPEN WITH INFORMATION AVAILABLE THROUGH HIS POSITION AT THIS TIME THROUGH THE FIRST WEEK OF JULY…HE SAID AT THAT TIME HE WILL RECEIVE ORDERS FOR THE NEXT 60 DAYS OR SO AS WHAT TO EXPECT AND HOW TO PREPARE FOR FURTHER TRANSACTIONS. THIS IS WHAT THE MAN SAID I COULD SHARE. SORRY IT IS STILL VAGUE BUT I TOTALLY UNDERSTAND AND BELIEVE WHAT HE IS SAYING AS FACT…AND HIS POSITION I WAS VERY IMPRESSED WITH.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Tuesday evening 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
______________________________________________________________

Adam Montana – I love it when Iraq makes things simple for me. For weeks and months, we’ve been at a standstill with Iraq. No progress, nothing to really talk about. But if you’ve been reading the news over the last week, starting on about Saturday… it looks like the time has come for change. In fact, it looks like al Sadr is on a rampage!   Quote:  “Urgent..Sadr calls for ministers to submit their resignations immediately to pave the way for the formation of a new government...”  And you’re going to see that after the weeks and months of dragging feet, we’re on the road to be back in business. Iraq doesn’t want to sit stale and stagnant, any more than we want to witness it. We haven’t heard a peep about the HCL in months, and it seemed like nobody was going to do anything about it. Looks like that changed, so let’s hope for some good news out of this little shake-up.
______________________________________________________________

______________________________________________________________

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!!)

______________________________________________________________

This is next one is a real stunner… they refer to Shabibi as the “current” Chairman of the CBI (note his name in the red circle below – this I captured myself, as a screen shot). Could this be he still is, and Alak is still viewed as the “proxy” Gov of the GOI – for sure… but very interesting, to say the least.

______________________________________________________________

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

______________________________________________________________

The United Nations stands ready to intervene to dissolve the parliament crisis

The United Nations stands ready to intervene to dissolve the parliament crisis

Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubis, the United Nations stands ready to find a political solution to the crisis that is currently taking place in parliament, he said.

He said in a statement after a meeting with President Fuad Masum said the political parties in Iraq must reach a political solution, and on an urgent basis, based on the Constitution and the law and the principles of democracy, which puts an end to the state of division and paralysis taking place in Parliament, paving the way rapidly to initiate and proceed forward with the necessary anti-corruption measures and reforms as well as ensuring the smooth functioning of state institutions without any pressure or intimidation noting that the United Nations stands ready to facilitate these efforts, if needed and if requested by the parties.

Read More: http://www.dinarupdates.com/showthread.php?33885-The-United-Nations-stands-ready-to-intervene-to-dissolve-the-parliament-crisis
______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

Indicative rates – 04.26.2015

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) 04-21-16

Currency Auctions Announcement No. 3184

This daily currency auction was held in the Central Bank of Iraq on the 04-21-2016

The results were as follows:

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

NEWS FLASH… Harriet Tubman was a STRONG supporter of the Second Amendment, and she of all people understood the dangers of being unarmed. BGG

*** Current News ***

______________________________________________________________

Ok – so here it is…

I have been working on this info for a couple of days now… I needed to look into it, capture some screen shots on my own and mull it over before I put this out…

It appears, last Tuesday, for about 3 hours – the Investing.com trading platform was showing an increased value to around 8 1/2 cents… I’ll add more details as we go…

Here is a screenshot taken last Tuesday, showing a clear increase in the value of the Dinar. Obviously, only for about 3 hours, but still… very exciting.

To “fact check” this for yourself, go to – http://www.investing.com/ – move your cursor to “More”… click on “Currencies”… In the Middle East section find USD/IQD – click on it…

Just under the USD/IQD overview – there is a line that has the “1H” shown below… click it, you will notice that for approximately 3 hours on the 19th, the value (on this platform) of the IQD was reflected as approximately 8 1/2 cents (more on how I arrived at this later).

BTW – It obviously shows a significant increase (like – almost 10,000%). When you place your cursor in the lower right hand circle… it will show a value (at that time) of 11.8 Dinars per USD. WOW!! (Thanks to thh for providing this info)…

Note the “day range” of 11.8-1,165.10 Dinar to the USD… NICE. We’ll see how this ends up – but this is notable. Are trading platforms “quirky”? Yes, notoriously…

However, this shows up a number of different ways, and not just in one instance… though it doesn’t show up on all of their templates, this goes hand – in – hand with the recent vein of news that Iraq is “readying” themselves for some “major integration” with the world markets.

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

11.8 DOES NOT mean they simply “removed the zeros” – it would have had to move one more decimal place if this were the case. This reflects (and that is all I am commenting on – what this platform reflects). It is reflecting 11.8 Dinars per 1 USD. To figure the value – since it is in divisions of 1 USD… take 1 (USD) divided by 11.8 = .08475 (ish)… or about 8 1/2 cents. Is this where I think it will end? NO. Is this where I think it will start? It may already have. I am neither predicting nor proclaiming… I am simply sharing and commenting on what is readily available. 

Very exciting times…

______________________________________________________________

Poppy3 – A NEW BUT VERY WELL POSITIONED SOURCE…HE IS SO CLOSELY INVOLVED HE IS FORBIDDEN TO HOLD DINAR…HE SAYS THE NEXT WINDOW DOES NOT OPEN TILL JUNE 1 AND WILL REMAIN OPEN WITH INFORMATION AVAILABLE THROUGH HIS POSITION AT THIS TIME THROUGH THE FIRST WEEK OF JULY…HE SAID AT THAT TIME HE WILL RECEIVE ORDERS FOR THE NEXT 60 DAYS OR SO AS WHAT TO EXPECT AND HOW TO PREPARE FOR FURTHER TRANSACTIONS. THIS IS WHAT THE MAN SAID I COULD SHARE. SORRY IT IS STILL VAGUE BUT I TOTALLY UNDERSTAND AND BELIEVE WHAT HE IS SAYING AS FACT…AND HIS POSITION I WAS VERY IMPRESSED WITH.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Friday evening 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
______________________________________________________________

Adam Montana – I love it when Iraq makes things simple for me. For weeks and months, we’ve been at a standstill with Iraq. No progress, nothing to really talk about. But if you’ve been reading the news over the last week, starting on about Saturday… it looks like the time has come for change. In fact, it looks like al Sadr is on a rampage!   Quote:  “Urgent..Sadr calls for ministers to submit their resignations immediately to pave the way for the formation of a new government...”  And you’re going to see that after the weeks and months of dragging feet, we’re on the road to be back in business. Iraq doesn’t want to sit stale and stagnant, any more than we want to witness it. We haven’t heard a peep about the HCL in months, and it seemed like nobody was going to do anything about it. Looks like that changed, so let’s hope for some good news out of this little shake-up.
______________________________________________________________

______________________________________________________________

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!!)

______________________________________________________________

This is next one is a real stunner… they refer to Shabibi as the “current” Chairman of the CBI (note his name in the red circle below – this I captured myself, as a screen shot). Could this be he still is, and Alak is still viewed as the “proxy” Gov of the GOI – for sure… but very interesting, to say the least.

______________________________________________________________

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

______________________________________________________________

Lone surviving Iraqi M1 Abrams tank nicknamed “The Beast” is “tearing up ISIS”

The coalition forces in Iraq and Syria have officially begun phase 2, “dismantle the enemy”, of their strategy to defeat ISIS.

On April 11th Iraqi security forces claimed victory against ISIS in the city of Hīt in the Euphrates river valley. The ancient city fell to the Islamic State in October of 2014 and an offensive to retake the city was launched by the Iraqi Army in February of this year.

This morning U.S. Colonel Steve Warren, spokesman for Operation Inherent Resolve, said “we estimate 75% is now clear and ISF will push ISIL completely out of the city in the coming days,” during a Pentagon press briefing.

Iraqi security forces have reportedly raised the Iraqi flag on Hīt’s government building and a lone surviving Iraqi tank crew is receiving most of the credit.

“There is an Iraqi Army M1 Abrams tank, a single tank that is operating inside the city of Hīt and frankly has been handing it to the enemy,” said Col. Warren.

Warren continued to say they have been “blasting enemy I.E.D.’s, punching holes in enemy defenses, and maneuvering between multiple engagements.”

U.S. forces who have been monitoring Iraqi Army movements apparently thought there were multiple tanks in Hīt and were surprised to find out it was all alone.

The Iraqi’s have nicknamed the tank crew “The Beast,” becoming somewhat of folklore to the people of Iraq.

The Iraqi Army did not intend for “The Beast” to bring the fight to ISIS by itself, but unfortunate circumstances left them as the “Lone Survivor.”

Three M1 Abrams tanks were deployed to Hīt and two of them broke down, according to Col. Warren.

Warren credits the success of the M1 Abrams to the tank crew and their training that was provided by the U.S. military.

http://popularmilitary.com/lone-surviving-iraqi-m1-abrams-tank-nicknamed-the-beast-is-tearing-up-isis/
______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

http://www.cbi.iq/

Indicative rates – 04.22.2015

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