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…
James 1:3-4 (NKJV)
3 knowing that the testing of your faith produces patience. 4 But let patience have its perfect work, that you may be perfect and complete, lacking nothing.
Heavenly Father, Thank You that You are the Author and Finisher of our faith! Thank You for the work You are doing through the Holy Spirit in the Body of Christ. Thank You for Your patience 🙂 In Jesus Name, Amen.
Mrs. BGG
Iraqi Dinar/Dollar auction (most recent listing) 01-26-15
Currency Auctions Announcement No. 3123
This daily currency auction was held in the Central Bank of Iraq on the 01-26-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 25 |
| Number of remittance companies | 22 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 157,930,094 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 157,930,094 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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No great thing is created suddenly. – Epictetus
*** Current News ***
“Round Table” Dinar Call!!
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from – 01/26 – @ 3:30pm CST
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Breitling – Does the IMF control the situation in Iraq with their currency because of the loan they gave out? So I started doing my research to look at any article that came out…Come to find out there is none. There is nothing out there that says anything…That’s why we go by the numbers. What the IMF can do and the way they’re structured… The IMF gives out loans to emerging economies or economies that are in emergency. Let’s say Iraq’s plan is to get to a buck (that’s true by the way, their plan is to get to $1.17) well the IMF because of the management rights they have because of the loans…if they needed to add value to that currency to get their loan back it’s only a small percentage like 26-27% and even more any country they get involved with it’s almost the same formula they use with every country… [Post 1 of 2 stay tuned for the rest of the IMF and Iraq story…]
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SteveI – [there sure has been some very telling articles about what Iraq is doing and how they are doing it to join the globe…along with how they will back their currency…its as if they are driving the field for a touchdown and they are now on the 10 yard line…lets do this Iraq.] Great analogy, as long as there is no fumble or interception on the final few plays. The finish line is near!
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wmawhite – “how close are we?” …the IMF told you how close you are. [THIS CAN GO AT ANY TIME?] Yes, at any time. …every day we read where Iraq is not waiting…they are doing/accomplishing those items that must be done prior to entering the markets. Again, IMO. there is not waiting, there is no delay, it is coming.
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SteveI – [Looks like things are moving in Mosul? Is that still the key?] For the most part, yes. The country has to be secure.
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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
(Please note – we are posting daily News Articles slightly differently now)
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DU Member Chat 1-25-16 PM 1 of 3
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com!!
_firefly_ says: During a meeting with the managing director of the company Rafidain
Minister of Justice stresses the need to support the local industry to overcome the economic crisis 2016-01-24
_firefly_ says: His Excellency the Minister of Justice d. Haider Zamili, the need to support the local industry, as one of the most important ways that contribute to overcome the economic crisis faced by the country.
The minister said that during his meeting with the managing director of the company Mesopotamia for the production of vegetable oils, Ltd. (Muzaffar Jalal), pointing to the importance of the trend to invest and activate the role of the agricultural sector and pro Aa and trade
_firefly_ says: He said Mr. Minister: that the ministry had proposed an amendment to the mechanism for granting large projects loans, through the formation of a joint committee of the Prime Minister and the Ministry of Justice and Finance and the Central Bank,
as well as controls for real estate appraisers for the granting of the loan, noting that cases of corruption in guessing stage caused wasting allocated to loans of public money
wmawhite says to diane1: To answer your question.”how close are we?”…..the IMF told you how close you are.
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Read More: http://www.dinarupdates.com/showthread.php?29040-Monday-January-25-2016
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Iraqi Dinar Currency to be Powerful to Enter in the Global Currency Markets
Osama Mehmoud, the global stock representative in Iraq stressed about the importance of integrative laws and economic action of law making. He also pointed out that linking the Iraqi dinar currency to the global economy has its own importance. The Iraqi currency should achieve its value against the global currencies. It would allow in providing more power to the economic process in the country. He further added in his press interview that current economic condition in Iraq needs more care. He pointed out that most of the laws related to the Iraqi economy are still need to get regulations for the economic management in the economic sector, according to the formula. The process in trade and economy are following an open economy as it is called market economy.
He further added that it would improve the economic management that would produce an uncertain economy. There are many industrialized nations depending on the open market that implemented the processes of production and the theory of import and export. The commercial exchange process between a numbers of companies should adopt a unified economic system. He gave an example of Iraqi economic reality that is continuously depending on letters of guarantee issued to the traders to manage the operations of import of goods. It is showing the limitations to the Iraqi verbal disapproval within the banks. It is also stopping to spread the Iraqi dinar currency into the international markets. As a result, the Iraqi dinar value decreased and unable to trade outside the Iraq. He stressed that importance of presenting the Iraqi dinar currency in the global currency markets.
DU Member Chat 1-25-16 PM 2 of 3
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com!!
diane1 says to hermantowncars: for the many years i have been watching and studying this investment the IMF has never made a bold statement where they have clearly said tha IRAQ would enter the global market within the first hallf of 2016. THE IMF SPOKE THIS TIME, not iraq
bigrudy says to diane1: I think June..
hermantowncars says to diane1: I don’t think its a matter of them waiting for Shabibi but rathe Shabibi is waiting in the wings for them. He has the same vision as Abadi so if anything is held up its not by him.
But more likely by those who resisit the coming changes that he and Abadi are bringing with such expertise. The three zeros will not be affected at all until the rate goes to a prelim one to one on the dollar (IMO)
at which time the lower denoms will be in great demand and the large denoms will then be brought to the banks in order to get the lower denoms. The 50k and 100k will be of little use to the public and will be used between banks and corporate trading me think.
quicktolegit96 says: LOOK, DELETION IS OVER TIME, ONCE IT STARTS, THE RATE WILL CHANGE, IT WILL TAKE THEM 2-4 YRS TO COMPLETE, DONT GET FIXATED ON THIS………
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Read More: http://www.dinarupdates.com/showthread.php?29040-Monday-January-25-2016
“Round Table” Dinar Call!!
“for Dinar News – that MATTERS!!”
from 01/22 – 8:30pm CST
Smart phone user link – Click here
DU Member Chat 1-25-16 PM 3 of 3
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com!!
rcookie says: Incentives rewarding employees in the customs sector immunized them from financial corruption through accurate system for the distribution of incentives and punishment of corrupt and violators been fulfilled tariff.
Hakim said in the General Budget Law article authorizing ministries and departments not associated with the Ministry and the provinces for services provided by it and raise fees for services that were met fees validity meet their fees,
and the use of the amounts of such fees to strengthen the financial budget or submit to the state treasury as the financial resources of the State (Article 25 of the budget in 2016).
Estimated system and pointed to the possibility of adopting the applicable tax system in a European country as a system of taxes in Iraq, because the system «Estimated» followed our lead to large financial corruption and the theft of tax money, also pointed to the importance of the introduction of the sales tax system immediately (VAT == value added taxVAT)
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Read More: http://www.dinarupdates.com/showthread.php?29040-Monday-January-25-2016
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CURRENCY CODE SELL BUY
Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1278.333 | 1277.694 |
| British pound | GBP | 1682.577 | 1681.736 |
| Canadian dollar | CAD | —– | —– |
| Swiss franc | CHF | —– | —– |
| Swedish krona | SEK | —– | —– |
| Norwegian krone | NOK | —– | —– |
| Danish krone | DKK | —– | —– |
| Japanese yen | JPY | 9.966 | 9.961 |
| Special Drawing Rights |
SDR | 1628.548 | 1627.734 |
He announced the Finance Committee in the House of Representatives member Haitham al-Jubouri, all complete the questioning of Finance Minister Hoshyar Zebari in Parliament proceedings, with detection of 14 submitted a proposal to the Prime Minister Haider al-Abadi recently to resolve the financial crisis that hit the country.
[Baghdad-where] Deputy for the National Alliance called on the government to raise taxes and the value of the currency to cover the deficit in the fiscal budget.
