Dinar Daily NEWS Blog – Nov 14th

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

Word for the day…

Psalm 18:30 (NKJV)

30 As for God, His way is perfect;
The word of the Lord is proven;
He is a shield to all who trust in Him.

Heavenly Father, Thank You that Your way is perfect! Thank You that You are a shield to us! We trust in You 🙂 In Jesus Name, Amen.

Mrs BGG

Dinar pic above Daily Dinar Value

Iraqi Dinar/Dollar auction (most recent listing) 11-12-15 

Currency Auctions Announcement No. 3072

This daily currency auction was held in the Central Bank of Iraq on the 11-12-2015

The results were as follows:

DETAILS NOTES
Number of banks 26
Number of remittance companies 18
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 172,950,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 172,950,000
Total offers for selling (US$) —–

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

Never attribute to malice that which can be explained by stupidity. – Robert J. Hanlon

*** Current News ***

Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDon’t Miss “NEWS TIME” in the DU CHAT ROOM – Sunday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!

______________________________________________________________

SteveI (Dinar Guru) – …the new 50K note…Iraq has been talking about this and educating the people for the past 6 months or so that this was only a temporary measure to stop the massive counterfeiting of the 25K and 10K notes that ISIS and others have produced. The citizens understand that once the value changes and the three zeros are dropped, then they will be turning in these notes for the final more valuable notes.  This new note from what we have been told is extremely hard to counterfeit and will stop that dead in its tracks. Excellent move as it will draw in all of the 25K and 10K notes inside Iraq and this has nothing with the good notes outside of Iraq that we hold.  Once Mosul is fully under control, I see this changing value fairly quickly, most likely when the 2016 budget is officially put into place. Excellent progress and the end is very near.

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

A Review Of Iraq Premier Abadi’s Reform Program, Interview With Reidar Visser

Starting in August 2015 Iraq’s Prime Minister Haider Abadi began announcing a series of reforms to meet the demands of the street, which was full of demonstrators. He gained the support of Grand Ayatollah Ali al-Sistani that gave him added standing to move forward with his program. Now he finds himself attacked on all sides by his political opponents that are rejecting any change and the protesters and other parties who don’t think the premier has gone far enough. To help explain PM Abadi’s position is Norwegian Iraq analyst and historian Reidar Visser who runs the blog Iraq and Gulf Analysis and is the author and co-author of Basra, the Failed Gulf State: Separatism and Nationalism in Southern Iraq, An Iraq of Its Regions: Cornerstones of a Federal Democracy? and A Responsible End?: The United States and The Iraqi Transition, 2005-2010.

1. PM Abadi began announcing a series of reforms in August 2015. Can you give a brief rundown of what he proposed and their status?

The most immediate measures were the downsizing of cabinet through abolishing some ministries and merging others, as well as sacking some key posts deemed unnecessary such as deputy PMs and deputy VPs. The degree of implementation varies. Ministers affected by the cabinet downsizing certainly no longer come to cabinet meetings, and the mergers of ministries are reportedly underway. Conversely, there are competing claims about the VPs, with some sources saying they still receive their salaries, and they visibly continue to occupy their offices. This in itself needn’t be an anomaly as long as a complaint about the constitutionality of their sacking is pending before the federal supreme court; however once a ruling has been published it will be a key test of the actual implementation of reforms.

The reform package also included a host of other, less publicized, items, ranging from the sacking of more than 100 director-generals and deputy ministers deemed superfluous (this has been implemented) to more aspirational projects such as increasing the anti-corruption effort inside the Iraqi government (there has for example been a small increase in high-profile corruption prosecutions subsequent to the announcement of the reforms).

2. One major criticism of Abadi’s changes was that he was acting unconstitutionally and usurping the powers of the parliament. What is the legal status of the premier’s program?

The discussion of the legality of the reforms comprises many misunderstandings especially regarding the role of the parliament. A key point here is that the Iraqi parliament on 11 August gave its approval to the entire reform programme of Abadi, including merging ministries and sacking VPs. These were specific reforms specifically approved, rather than a carte blanche that was given and that can subsequently be withdrawn. One of the few specific extension’s of the PM’s authority in the package actually came in the shape of a right to withdraw confidence from local governors. In other words, parliament has itself approved of many things it later regretted, and it is highly jejune of it to retroactively publish declarations of the kind it issued on 2 November to the effect that it “supports reform as long as they are inside the constitution”. Some reforms evidently weren’t constitutional, but parliament was itself involved in overriding the constitution in this respect.

As for the substantial matters, it does seem clear that the sacking of the VPs, but not the deputy PMs and the merger of ministries, though all ministers should have been sacked individually was at variance with the constitution, which stipulates the existence of at least one such VP. The attempt by cabinet to retroactively clean things up legally by swiftly introducing a law project to abrogate the existing law on the VPs really served as an admission of illegality rather than a step to establish legality. The new law has yet to make any progress in parliament.

On a more general note, there is also the problem of parliament trying to pass such massive measures in the shape of a single “decision” in parliament (qarar) in August without there being a complete legislative projects with the usual two readings before a vote. The legal status of such a decision is unclear, and it may for example potentially be reversed as easily with another “decision”, whether on the cabinet’s initiative or otherwise.
Ironically, perhaps, the one aspect of reform that seems to have been most fateful for Abadi is one that was arguably on firmer legal ground than many of the other reforms: The changes to the public servant salary scale. This was carried out by cabinet as a change to rates fixed in a law from 2008, and could perhaps be portrayed as falling within the authority of the executive in a time of dramatically falling oil prices. While roundly criticized in almost every corner of Iraq, rather than being illegal, this step seemed to be a tactical failure vis-a-vis public opinion.

3. Grand Ayatollah Ali Al-Sistani was one of Abadi’s early backers giving him added impetus to move forward. Abadi recently went to Najaf however and Sistani would not meet with him. The protests that started during the summer are on going as well, and some have begun attacking Abadi too. Why have these supporters seemingly soured on the prime minister?

Two specific items were mentioned in the Friday sermon in late October that was most critical of the cabinet and by implication the PM. One concerned the salary scale reduction; the other referred to the funds and equipment of the popular mobilization units. With respect to the latter, the message from Najaf actually dovetailed with what pro-Iranian voices in PMU circles such as Abu Mahdi al-Muhandis had said just a week earlier. On issues like these, the clergy is likely to move with the popular mood. Where it can still provide some backing for Abadi, and at the same time pose a contrast to pro-Iranian circles in the PMUs is on issues regarding corruption, nepotism and the use of political appointees.

4. Abadi is said to be trying to form a new coalition to support him based upon Moqtada al-Sadr, Ammar Hakim and the Union of National Forces. What are the premier’s chances of creating this new grouping and will it be enough to give him a new majority in parliament?

It is fairly clear that there are deep rifts inside the Dawa and the State of Law coalition on reforms, with a substantial if not overwhelming majority siding with former PM Maliki. Hence the need for Abadi to look elsewhere. The deference with which he treated Muqtada al-Sadr in reports of their latest meeting was unprecedented and could indicate he is beginning to feel the need to rebuild his political base. Whether this can succeed vis-a-vis the reform project remains to be seen. It likely would entail concessions in the shape of further political appointments, which is exactly what Abadi has been empowered by the clergy to fight against.

5. Finally, there are increasing reports that Abadi’s opponents not only want to stop his reforms, but replace him. Nouri al-Maliki is part of this camp and would gladly return to office, but might that be a deterrent to move against the premier given all of Maliki’s history, and what chance would another candidate such as Hadi Ameri or another Badr politician have?

I don’t see Ameri emerging as a PM candidate simply because he is too much of a militia man in terms of background and political style. He would even need to brush up his spoken Arabic to fit into that role. The many photos of him serving on the Iranian side during the war with Iraq in the 1980s would also work against his candidacy.

On the last point, it doesn’t seem Maliki and his closest Dawa supporters are particularly aware about how all his baggage can be a problem, though this is probably more keenly felt among Iraqi politicians more broadly.

However, I would say what seems to be the case is that many politicians are fearing their own privileges through the muhasasa system being at stake. They may probably push ahead with any challenge to Abadi, including Maliki, if they feel their own individual fortunes are sufficiently under threat.

______________________________________________________________

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)
______________________________________________________________

Control of Sinjar in full


A security source said that “Peshmerga forces imposed control over Sinjar in full, having edited since yesterday a number of villages and regions, as well as supply daash gangs”.

It was a massive operation began yesterday morning, three axes to actually edit the Sinjar on the main highway linking Mosul and tenderness two terrorist bands stronghold daash Iraq and Syria.

And Kurdish troops killed hundreds of terrorists and you return to the town was predominantly aizideh before taking it from daash in summer 2014

Read More: http://www.dinarupdates.com/showthread.php?24567-Control-of-Sinjar-in-full

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

Currency 50 thousand new PROVOKE RIDICULE IRAQIS

(Independent) .. the effects of the new banknote design of category (50) thousand, which the central bank announced for issue mockery of what the Iraqis from being overwhelmed by the accumulation of images.

The ceremony of the social networking site (Facebook) publications and sarcastic comments that accompanied the publication of a photo of the new currency.

Gazan journalist Mohamed wrote on his “Urgent: withdrawal of currency 50 thousand class before they are issued, and that the existence of empty space in the right hand did not work drawing ..”

He wrote on behalf of glare “Hey reading Alkhaldonah Mo banknotes.” As Mary Khalid commented that “children claimed Aaovon Alpha and bring omitted omitted because the fees hobby,” wrote Abbas al-Araji “If enough dancer image text omitted because Ahoai Mlaib … Ichaelk Jaivin of fraud .. Ehna Enkhav more of thieves.”

As promised Other Publications multitude of symbols and Aguetdadha on banknote consecration of quotas and division, who arrived in the currency which carried the symbols of all the regions of Iraq and Iraq had missed the codes that united and represented, from north to south. (End)

Read More: http://www.dinarupdates.com/showthread.php?24562-currency-50-thousand-new-PROVOKE-RIDICULE-from-IRAQIS

______________________________________________________________

CURRENCY CODE SELL BUY

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

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1249.486 1248.861
British pound GBP 1767.773 1766.889
Canadian dollar CAD ــــــــ ـــــــ
Swiss franc CHF 1158.470 1157.891
Swedish krona SEK 134.555 134.488
Norwegian krone NOK 135.474 135.407
Danish krone DKK 167.483 167.399
Japanese yen JPY 9.489 9.484
Special
Drawing Rights
SDR 1608.917 1608.112

Indicative rates – 11.14.2015 (No change as of 11/12)

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!!

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Posted in Daily Dinar Updates | Comments Off on Dinar Daily NEWS Blog – Nov 14th

Dinar Daily NEWS Blog – Nov 13th

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

Word for the day…

Psalm 138:2 (NLT)

2 I bow before your holy Temple as I worship.
I praise your name for your unfailing love and faithfulness;
for your promises are backed
by all the honor of your name.

Heavenly Father, Thank You for Your unfailing Love and Faithfulness! We praise Your Name for Your promises are backed by all the honor of Your Name! In Jesus Name, Amen.

Mrs BGG

Dinar pic above Daily Dinar Value

Iraqi Dinar/Dollar auction (most recent listing) 11-12-15 

Currency Auctions Announcement No. 3072

This daily currency auction was held in the Central Bank of Iraq on the 11-12-2015

The results were as follows:

DETAILS NOTES
Number of banks 26
Number of remittance companies 18
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 172,950,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 172,950,000
Total offers for selling (US$) —–

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

Never attribute to malice that which can be explained by stupidity. – Robert J. Hanlon

*** Current News ***

Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDon’t Miss “NEWS TIME” in the DU CHAT ROOM – Friday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!

______________________________________________________________

SteveI (Dinar Guru) – …the new 50K note…Iraq has been talking about this and educating the people for the past 6 months or so that this was only a temporary measure to stop the massive counterfeiting of the 25K and 10K notes that ISIS and others have produced. The citizens understand that once the value changes and the three zeros are dropped, then they will be turning in these notes for the final more valuable notes.  This new note from what we have been told is extremely hard to counterfeit and will stop that dead in its tracks. Excellent move as it will draw in all of the 25K and 10K notes inside Iraq and this has nothing with the good notes outside of Iraq that we hold.  Once Mosul is fully under control, I see this changing value fairly quickly, most likely when the 2016 budget is officially put into place. Excellent progress and the end is very near.

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

A Review Of Iraq Premier Abadi’s Reform Program, Interview With Reidar Visser

Starting in August 2015 Iraq’s Prime Minister Haider Abadi began announcing a series of reforms to meet the demands of the street, which was full of demonstrators. He gained the support of Grand Ayatollah Ali al-Sistani that gave him added standing to move forward with his program. Now he finds himself attacked on all sides by his political opponents that are rejecting any change and the protesters and other parties who don’t think the premier has gone far enough. To help explain PM Abadi’s position is Norwegian Iraq analyst and historian Reidar Visser who runs the blog Iraq and Gulf Analysis and is the author and co-author of Basra, the Failed Gulf State: Separatism and Nationalism in Southern Iraq, An Iraq of Its Regions: Cornerstones of a Federal Democracy? and A Responsible End?: The United States and The Iraqi Transition, 2005-2010.

1. PM Abadi began announcing a series of reforms in August 2015. Can you give a brief rundown of what he proposed and their status?

The most immediate measures were the downsizing of cabinet through abolishing some ministries and merging others, as well as sacking some key posts deemed unnecessary such as deputy PMs and deputy VPs. The degree of implementation varies. Ministers affected by the cabinet downsizing certainly no longer come to cabinet meetings, and the mergers of ministries are reportedly underway. Conversely, there are competing claims about the VPs, with some sources saying they still receive their salaries, and they visibly continue to occupy their offices. This in itself needn’t be an anomaly as long as a complaint about the constitutionality of their sacking is pending before the federal supreme court; however once a ruling has been published it will be a key test of the actual implementation of reforms.

The reform package also included a host of other, less publicized, items, ranging from the sacking of more than 100 director-generals and deputy ministers deemed superfluous (this has been implemented) to more aspirational projects such as increasing the anti-corruption effort inside the Iraqi government (there has for example been a small increase in high-profile corruption prosecutions subsequent to the announcement of the reforms).

2. One major criticism of Abadi’s changes was that he was acting unconstitutionally and usurping the powers of the parliament. What is the legal status of the premier’s program?

The discussion of the legality of the reforms comprises many misunderstandings especially regarding the role of the parliament. A key point here is that the Iraqi parliament on 11 August gave its approval to the entire reform programme of Abadi, including merging ministries and sacking VPs. These were specific reforms specifically approved, rather than a carte blanche that was given and that can subsequently be withdrawn. One of the few specific extension’s of the PM’s authority in the package actually came in the shape of a right to withdraw confidence from local governors. In other words, parliament has itself approved of many things it later regretted, and it is highly jejune of it to retroactively publish declarations of the kind it issued on 2 November to the effect that it “supports reform as long as they are inside the constitution”. Some reforms evidently weren’t constitutional, but parliament was itself involved in overriding the constitution in this respect.

As for the substantial matters, it does seem clear that the sacking of the VPs, but not the deputy PMs and the merger of ministries, though all ministers should have been sacked individually was at variance with the constitution, which stipulates the existence of at least one such VP. The attempt by cabinet to retroactively clean things up legally by swiftly introducing a law project to abrogate the existing law on the VPs really served as an admission of illegality rather than a step to establish legality. The new law has yet to make any progress in parliament.

On a more general note, there is also the problem of parliament trying to pass such massive measures in the shape of a single “decision” in parliament (qarar) in August without there being a complete legislative projects with the usual two readings before a vote. The legal status of such a decision is unclear, and it may for example potentially be reversed as easily with another “decision”, whether on the cabinet’s initiative or otherwise.
Ironically, perhaps, the one aspect of reform that seems to have been most fateful for Abadi is one that was arguably on firmer legal ground than many of the other reforms: The changes to the public servant salary scale. This was carried out by cabinet as a change to rates fixed in a law from 2008, and could perhaps be portrayed as falling within the authority of the executive in a time of dramatically falling oil prices. While roundly criticized in almost every corner of Iraq, rather than being illegal, this step seemed to be a tactical failure vis-a-vis public opinion.

3. Grand Ayatollah Ali Al-Sistani was one of Abadi’s early backers giving him added impetus to move forward. Abadi recently went to Najaf however and Sistani would not meet with him. The protests that started during the summer are on going as well, and some have begun attacking Abadi too. Why have these supporters seemingly soured on the prime minister?

Two specific items were mentioned in the Friday sermon in late October that was most critical of the cabinet and by implication the PM. One concerned the salary scale reduction; the other referred to the funds and equipment of the popular mobilization units. With respect to the latter, the message from Najaf actually dovetailed with what pro-Iranian voices in PMU circles such as Abu Mahdi al-Muhandis had said just a week earlier. On issues like these, the clergy is likely to move with the popular mood. Where it can still provide some backing for Abadi, and at the same time pose a contrast to pro-Iranian circles in the PMUs is on issues regarding corruption, nepotism and the use of political appointees.

4. Abadi is said to be trying to form a new coalition to support him based upon Moqtada al-Sadr, Ammar Hakim and the Union of National Forces. What are the premier’s chances of creating this new grouping and will it be enough to give him a new majority in parliament?

It is fairly clear that there are deep rifts inside the Dawa and the State of Law coalition on reforms, with a substantial if not overwhelming majority siding with former PM Maliki. Hence the need for Abadi to look elsewhere. The deference with which he treated Muqtada al-Sadr in reports of their latest meeting was unprecedented and could indicate he is beginning to feel the need to rebuild his political base. Whether this can succeed vis-a-vis the reform project remains to be seen. It likely would entail concessions in the shape of further political appointments, which is exactly what Abadi has been empowered by the clergy to fight against.

5. Finally, there are increasing reports that Abadi’s opponents not only want to stop his reforms, but replace him. Nouri al-Maliki is part of this camp and would gladly return to office, but might that be a deterrent to move against the premier given all of Maliki’s history, and what chance would another candidate such as Hadi Ameri or another Badr politician have?

I don’t see Ameri emerging as a PM candidate simply because he is too much of a militia man in terms of background and political style. He would even need to brush up his spoken Arabic to fit into that role. The many photos of him serving on the Iranian side during the war with Iraq in the 1980s would also work against his candidacy.

On the last point, it doesn’t seem Maliki and his closest Dawa supporters are particularly aware about how all his baggage can be a problem, though this is probably more keenly felt among Iraqi politicians more broadly.

However, I would say what seems to be the case is that many politicians are fearing their own privileges through the muhasasa system being at stake. They may probably push ahead with any challenge to Abadi, including Maliki, if they feel their own individual fortunes are sufficiently under threat.

______________________________________________________________

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)
______________________________________________________________

Governor of the Central Bank of Iraq
Responding to statements that relate to monetary policy

Read More: http://www.dinarupdates.com/showthread.php?24398-hmm-Governor-of-the-CBI-Responding-to-statements-that-relate-to-monetary-policy

Experts are calling on the Government to introduce the tips fed and demanding control of currency auction

Economists called on the Iraqi Government to introduce tips fed to curb currency smuggling and control the flow of funds, demanding alternatives to coin auction without affecting the stability of domestic prices.

Read More: http://www.dinarupdates.com/showthread.php?24414-Experts-calling-on-Gov-t-to-tips-from-Fed-in-control-of-currency-auctions-111-10

Delete the zeros of encouraging the flow of funds towards the inside

Read More: http://www.dinarupdates.com/showthread.php?24409-Delete-the-zeros-of-encouraging-the-flow-of-funds-towards-the-inside-11-10

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

Informed sources: Abadi rejects request for “Qassem Soleimani” .. and Maliki threatens coup

Informed sources in Baghdad said that Iraqi Prime Minister Haider al-Abadi finally rejected a direct request from the commander of the so-called Jerusalem Corps Iranian Qassem Soleimani, Nuri al-Maliki to retain the vice president and undo his dismissal.

Iraq has been a political dynamic Abadi spearheaded an attempt to form a new national coalition includes Shiite, Sunni and Kurdish blocs to maintain a parliamentary majority, being able to proceed with his policies.

This at a time when anti-Maliki began a move to form a new parliamentary coalition.

It was the height of the Iraqi moves in Najaf and Karbala.Valebadi which did not meet Shiite cleric Ali al-Sistani, met with a number of references and figures, including Mohammed Said al-Hakim and Bashir al-Najafi and Mohammed al-Fayad, and Muqtada al-Sadr.

Abadi and enjoys the support of Tiare Moqtada al-Sadr and Ammar al-Hakim, and Sunni and Kurdish leaders, seeks to ensure the support of about two hundred deputy at least, as well as political support from al-Sistani in the face of al-Maliki, who appeared clearly that the armed Shiite factions backed by influential.Finally the coup and threatened him.

Maliki visited the city of Karbala, in turn, met with leaders of the militias in the popular crowd, as well as Shiite references.

Read More: http://www.dinarupdates.com/showthread.php?24297-Sources-say-Abadi-rejects-request-for-quot-Qassem-Soleimani-quot-and-Maliki-threatens-coup

______________________________________________________________

CURRENCY CODE SELL BUY

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

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1249.486 1248.861
British pound GBP 1767.773 1766.889
Canadian dollar CAD ــــــــ ـــــــ
Swiss franc CHF 1158.470 1157.891
Swedish krona SEK 134.555 134.488
Norwegian krone NOK 135.474 135.407
Danish krone DKK 167.483 167.399
Japanese yen JPY 9.489 9.484
Special
Drawing Rights
SDR 1608.917 1608.112

Indicative rates – 11.13.2015

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

Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – Nov 13th

Dinar Daily NEWS Blog – Nov 11th

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…

Philippians 1:3 (NKJV)

3 I thank my God upon every remembrance of you,

Heavenly Father, Thank You that You are Love! Thank you for all who have served our country and are still serving to protect our Country! We pray that You will bless them and their families! In Jesus Name, Amen.

Happy Veterans Day!!

Mrs BGG

Dinar pic above Daily Dinar Value

Iraqi Dinar/Dollar auction (most recent listing) 11-11-15 

Currency Auctions Announcement No. 3071

This daily currency auction was held in the Central Bank of Iraq on the 11-11-2015

The results were as follows:

DETAILS NOTES
Number of banks 26
Number of remittance companies 17
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 173,741,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 173,741,000
Total offers for selling (US$) —–

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

That which can be asserted without evidence can also be dismissed without evidence. – Christopher Hitchens

*** Current News ***

Iraq and the IMF agree on the financial and economic policy monitoring program

(Independent) .. concluded this evening in the Jordanian capital Amman talks, Iraqi and consultations with the IMF two sides reached an agreement on control of IMF experts program STAFF-MONITORED POGRAM (SMP) financial and economic policies in the country for the remainder of fiscal year 2015 and for the year coming in 2016 .

The program aims to assist Iraq in reforms in the foreign exchange policy, public financial management and banking supervision.

It was agreed that the technical memorandum of understanding to implement the program in the quarterly timelines and the letter of intent, and the aim of the actions that have been agreed Ay standards to maintain the stability of the financial sector.

And it took place during the past ten days technical talks between the Fund and of the Middle East Department representatives, Central Asia and oil experts and financial and planning ministries and the Central Bank of Iraq.

Read More: http://www.dinarupdates.com/showthread.php?24406-Iraq-and-the-IMF-agree-on-the-financial-and-economic-policy-monitoring-program

Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDon’t Miss “NEWS TIME” in the DU CHAT ROOM – Wednesday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!

______________________________________________________________

Adam Montana (Dinar Guru) – It really looks like things are moving along as awesome as possible, so if we don’t hear anything disastrous, I’m thinking that this train is ROLLIN’!  The only real update/news to report is this: Second Reading of the budget is on Monday…  They have already given us all the info we need to suspect that the HCL is definitely in the Budget, and compared to how Budget readings went in the past, this one is FLYING along!

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

Experts: employees’ salaries to the dollar exchange rate “economic vandalism”

Economists warned, on Sunday, the work of the employees’ salaries to the dollar exchange system instead of the dinar, arguing that the move was a “deliberate sabotage of the economy of the country” because of the strict application of the sale and purchase of foreign currency laws.
The economist said Abbas Ibrahim Bahadli in an interview (range), that “the payment of salaries to state employees dollar process will lead to suffocation market through obstructed channels of supply and demand and the worsening cash crisis of a lack of financial liquidity.”

“The central bank is directly responsible for the movement of foreign currency at home and abroad, and there are considerable controls to determine how to buying and selling currencies by the daily currency auction of the laws.”

He described the proposed Bahadli by saying that “sabotage is clear and explicit to the country’s economy by making bilateral currency market to the category of employees without other citizens who do not make their living mainly on the government’s resources and who represent a large number of sizeable enough.”

“The solution is to cancel the auction of the bank and the government bear the temporary consequences that do not exceed three months, it is likely the exchange rate rising to 1,500 dinars to the dollar, but certainly will stabilize after that according to the new market data.”

He said the “illegal traders and mafias and corruption are the dominant thread revolving around the Iraqi market, especially buying and selling dollar operations and the duty of the executive branch of the State enacting laws without regard to the cause or the source, who demolished the national economy.”

He Bahadli to “the existence of countless brokers will benefit from the proposal and by the monopoly of the currency market and the escalation of speculation and control the destiny of the country’s financial market.”

For his part, economist Mohammed Abdul Latif Al-Ani said in an interview (range), “The domestic market in its dealings rely daily on the Iraqi currency only, without the need for other currency upheaval may occur for consumer prices, which the citizen needs on an ongoing basis.”

“The government is responsible to the citizens put urgent and correct solutions to remedy the shortfall in the financial liquidity of the state through the control of outlets selling the currency and prevent smuggled out of the country.”

Ani said that “the ideas put forward so without extensively studied and their negative repercussions on the reality of the Iraqi economy may cause a contraction of the market suddenly stop what causes the movement of non-performing market already.”

He said the “development of various natural resources beside oil sale process, significantly contributing to the perpetuation of the classical market movement factories and laboratories of the civil as well as different professions, which is considered a pillar of the development of the economy of the country.”

He noted that “the central bank auction is one of the most important Almarqlat the Iraqi economy as the way it works tainted by a lot of the suspicions, so the government should strict standards for the operations of foreign currency flow out of the country setting.”

He said al-Ani, “The View from the dollar-based bank is considered by the director and the right not monopolistic entities that have worked throughout the years prior to the financial market distortion until I got into a state deficit in the provision of liquidity.”

And he was a member of the Economic Committee in the House of Representatives Nora Albjara suggested on Friday (June 19, 2015), employees’ salaries in dollars instead of the dinar exchange rate in order to avoid the high dollar exchange rate again, while the central bank described the action as “timid”.

Read More: http://www.dinarupdates.com/showthread.php?24415-Experts-employees-salaries-to-the-dollar-exchange-rate-quot-economic-vandalism-quot-Read&p=136557#post136557

______________________________________________________________

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)
______________________________________________________________

Governor of the Central Bank of Iraq
Responding to statements that relate to monetary policy

Read More: http://www.dinarupdates.com/showthread.php?24398-hmm-Governor-of-the-CBI-Responding-to-statements-that-relate-to-monetary-policy

Experts are calling on the Government to introduce the tips fed and demanding control of currency auction

Economists called on the Iraqi Government to introduce tips fed to curb currency smuggling and control the flow of funds, demanding alternatives to coin auction without affecting the stability of domestic prices.

Read More: http://www.dinarupdates.com/showthread.php?24414-Experts-calling-on-Gov-t-to-tips-from-Fed-in-control-of-currency-auctions-111-10

Delete the zeros of encouraging the flow of funds towards the inside

Read More: http://www.dinarupdates.com/showthread.php?24409-Delete-the-zeros-of-encouraging-the-flow-of-funds-towards-the-inside-11-10

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

Informed sources: Abadi rejects request for “Qassem Soleimani” .. and Maliki threatens coup

Informed sources in Baghdad said that Iraqi Prime Minister Haider al-Abadi finally rejected a direct request from the commander of the so-called Jerusalem Corps Iranian Qassem Soleimani, Nuri al-Maliki to retain the vice president and undo his dismissal.

Iraq has been a political dynamic Abadi spearheaded an attempt to form a new national coalition includes Shiite, Sunni and Kurdish blocs to maintain a parliamentary majority, being able to proceed with his policies.

This at a time when anti-Maliki began a move to form a new parliamentary coalition.

It was the height of the Iraqi moves in Najaf and Karbala.Valebadi which did not meet Shiite cleric Ali al-Sistani, met with a number of references and figures, including Mohammed Said al-Hakim and Bashir al-Najafi and Mohammed al-Fayad, and Muqtada al-Sadr.

Abadi and enjoys the support of Tiare Moqtada al-Sadr and Ammar al-Hakim, and Sunni and Kurdish leaders, seeks to ensure the support of about two hundred deputy at least, as well as political support from al-Sistani in the face of al-Maliki, who appeared clearly that the armed Shiite factions backed by influential.Finally the coup and threatened him.

Maliki visited the city of Karbala, in turn, met with leaders of the militias in the popular crowd, as well as Shiite references.

Read More: http://www.dinarupdates.com/showthread.php?24297-Sources-say-Abadi-rejects-request-for-quot-Qassem-Soleimani-quot-and-Maliki-threatens-coup

______________________________________________________________

CURRENCY CODE SELL BUY

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

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1248.903 1248.278
British pound GBP 1761.360 1760.479
Canadian dollar CAD 879.403 878.963
Swiss franc CHF 1160.661 1160.081
Swedish krona SEK 134.222 134.155
Norwegian krone NOK 134.631 134.564
Danish krone DKK 167.411 167.327
Japanese yen JPY 9.467 9.462
Special
Drawing Rights
SDR 1608.742 1607.937

Indicative rates – 11.11.2015

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

Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – Nov 11th

Dinar Daily NEWS Blog – Nov 10th

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…

Matthew 6:6 (NKJV)

6 But you, when you pray, go into your room, and when you have shut your door, pray to your Father who is in the secret place; and your Father who sees in secret will reward you openly.

Heavenly Father, Thank You for the privilege to come before You through Your Son, Jesus! Thank You for the secret place 🙂 In Jesus Name, Amen.

Mrs BGG

Dinar pic above Daily Dinar Value

Iraqi Dinar/Dollar auction (most recent listing) 11-10-15 

Currency Auctions Announcement No. 3070

This daily currency auction was held in the Central Bank of Iraq on the 11-10-2015

The results were as follows:

DETAILS NOTES
Number of banks 28
Number of remittance companies 19
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 174,263,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 174,263,000
Total offers for selling (US$) —–

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

The world turns aside to let any man pass who knows where he is going. – Epictetus

*** Current News ***

Iraq and the IMF agree on the financial and economic policy monitoring program

(Independent) .. concluded this evening in the Jordanian capital Amman talks, Iraqi and consultations with the IMF two sides reached an agreement on control of IMF experts program STAFF-MONITORED POGRAM (SMP) financial and economic policies in the country for the remainder of fiscal year 2015 and for the year coming in 2016 .

The program aims to assist Iraq in reforms in the foreign exchange policy, public financial management and banking supervision.

It was agreed that the technical memorandum of understanding to implement the program in the quarterly timelines and the letter of intent, and the aim of the actions that have been agreed Ay standards to maintain the stability of the financial sector.

And it took place during the past ten days technical talks between the Fund and of the Middle East Department representatives, Central Asia and oil experts and financial and planning ministries and the Central Bank of Iraq.

Read More: http://www.dinarupdates.com/showthread.php?24406-Iraq-and-the-IMF-agree-on-the-financial-and-economic-policy-monitoring-program

Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDon’t Miss “NEWS TIME” in the DU CHAT ROOM – Tuesday (MD had to work tonite) evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!

______________________________________________________________

Kaperoni (Dinar Guru) – (Press release) “Iraqi Central Bank Governor responded to the remarks relating to monetary policy“  This is really interesting IMO.  First his response to the recent articles (floating, etc) is rather quick.  So I think some of this is to curb speculation.  He also mentions though at the end “The bank will soon launch its strategy for the years 2016 – 2020“  which is interesting as it is falls in line with the timeframe they have mentioned several times to delete the zeros.  Let’s hope that early 2016 is the beginning.

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

Experts: employees’ salaries to the dollar exchange rate “economic vandalism”

Economists warned, on Sunday, the work of the employees’ salaries to the dollar exchange system instead of the dinar, arguing that the move was a “deliberate sabotage of the economy of the country” because of the strict application of the sale and purchase of foreign currency laws.
The economist said Abbas Ibrahim Bahadli in an interview (range), that “the payment of salaries to state employees dollar process will lead to suffocation market through obstructed channels of supply and demand and the worsening cash crisis of a lack of financial liquidity.”

“The central bank is directly responsible for the movement of foreign currency at home and abroad, and there are considerable controls to determine how to buying and selling currencies by the daily currency auction of the laws.”

He described the proposed Bahadli by saying that “sabotage is clear and explicit to the country’s economy by making bilateral currency market to the category of employees without other citizens who do not make their living mainly on the government’s resources and who represent a large number of sizeable enough.”

“The solution is to cancel the auction of the bank and the government bear the temporary consequences that do not exceed three months, it is likely the exchange rate rising to 1,500 dinars to the dollar, but certainly will stabilize after that according to the new market data.”

He said the “illegal traders and mafias and corruption are the dominant thread revolving around the Iraqi market, especially buying and selling dollar operations and the duty of the executive branch of the State enacting laws without regard to the cause or the source, who demolished the national economy.”

He Bahadli to “the existence of countless brokers will benefit from the proposal and by the monopoly of the currency market and the escalation of speculation and control the destiny of the country’s financial market.”

For his part, economist Mohammed Abdul Latif Al-Ani said in an interview (range), “The domestic market in its dealings rely daily on the Iraqi currency only, without the need for other currency upheaval may occur for consumer prices, which the citizen needs on an ongoing basis.”

“The government is responsible to the citizens put urgent and correct solutions to remedy the shortfall in the financial liquidity of the state through the control of outlets selling the currency and prevent smuggled out of the country.”

Ani said that “the ideas put forward so without extensively studied and their negative repercussions on the reality of the Iraqi economy may cause a contraction of the market suddenly stop what causes the movement of non-performing market already.”

He said the “development of various natural resources beside oil sale process, significantly contributing to the perpetuation of the classical market movement factories and laboratories of the civil as well as different professions, which is considered a pillar of the development of the economy of the country.”

He noted that “the central bank auction is one of the most important Almarqlat the Iraqi economy as the way it works tainted by a lot of the suspicions, so the government should strict standards for the operations of foreign currency flow out of the country setting.”

He said al-Ani, “The View from the dollar-based bank is considered by the director and the right not monopolistic entities that have worked throughout the years prior to the financial market distortion until I got into a state deficit in the provision of liquidity.”

And he was a member of the Economic Committee in the House of Representatives Nora Albjara suggested on Friday (June 19, 2015), employees’ salaries in dollars instead of the dinar exchange rate in order to avoid the high dollar exchange rate again, while the central bank described the action as “timid”.

Read More: http://www.dinarupdates.com/showthread.php?24415-Experts-employees-salaries-to-the-dollar-exchange-rate-quot-economic-vandalism-quot-Read&p=136557#post136557

______________________________________________________________

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)
______________________________________________________________

Governor of the Central Bank of Iraq
Responding to statements that relate to monetary policy

Read More: http://www.dinarupdates.com/showthread.php?24398-hmm-Governor-of-the-CBI-Responding-to-statements-that-relate-to-monetary-policy

Experts are calling on the Government to introduce the tips fed and demanding control of currency auction

Economists called on the Iraqi Government to introduce tips fed to curb currency smuggling and control the flow of funds, demanding alternatives to coin auction without affecting the stability of domestic prices.

Read More: http://www.dinarupdates.com/showthread.php?24414-Experts-calling-on-Gov-t-to-tips-from-Fed-in-control-of-currency-auctions-111-10

Delete the zeros of encouraging the flow of funds towards the inside

Read More: http://www.dinarupdates.com/showthread.php?24409-Delete-the-zeros-of-encouraging-the-flow-of-funds-towards-the-inside-11-10

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

Informed sources: Abadi rejects request for “Qassem Soleimani” .. and Maliki threatens coup

Informed sources in Baghdad said that Iraqi Prime Minister Haider al-Abadi finally rejected a direct request from the commander of the so-called Jerusalem Corps Iranian Qassem Soleimani, Nuri al-Maliki to retain the vice president and undo his dismissal.

Iraq has been a political dynamic Abadi spearheaded an attempt to form a new national coalition includes Shiite, Sunni and Kurdish blocs to maintain a parliamentary majority, being able to proceed with his policies.

This at a time when anti-Maliki began a move to form a new parliamentary coalition.

It was the height of the Iraqi moves in Najaf and Karbala.Valebadi which did not meet Shiite cleric Ali al-Sistani, met with a number of references and figures, including Mohammed Said al-Hakim and Bashir al-Najafi and Mohammed al-Fayad, and Muqtada al-Sadr.

Abadi and enjoys the support of Tiare Moqtada al-Sadr and Ammar al-Hakim, and Sunni and Kurdish leaders, seeks to ensure the support of about two hundred deputy at least, as well as political support from al-Sistani in the face of al-Maliki, who appeared clearly that the armed Shiite factions backed by influential.Finally the coup and threatened him.

Maliki visited the city of Karbala, in turn, met with leaders of the militias in the popular crowd, as well as Shiite references.

Read More: http://www.dinarupdates.com/showthread.php?24297-Sources-say-Abadi-rejects-request-for-quot-Qassem-Soleimani-quot-and-Maliki-threatens-coup

______________________________________________________________

CURRENCY CODE SELL BUY

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

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1256.482 1255.853
British pound GBP 1761.126 1760.246
Canadian dollar CAD 878.343 877.904
Swiss franc CHF 1162.744 1162.163
Swedish krona SEK 134.009 133.942
Norwegian krone NOK 135.287 135.220
Danish krone DKK 168.429 168.345
Japanese yen JPY 9.456 9.451
Special
Drawing Rights
SDR 1611.004 1610.198

Indicative rates – 11.10.2015

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

Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – Nov 10th

Dinar Daily NEWS Blog – Nov 9th

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…

Matthew 5:16 (NKJV)

16 Let your light so shine before men, that they may see your good works and glorify your Father in heaven.

Heavenly Father, Thank You that You are the Father of lights! Let everything we do glorify You in heaven! In Jesus Name, Amen.

Mrs BGG

Dinar pic above Daily Dinar Value

Iraqi Dinar/Dollar auction (most recent listing) 11-09-15 

Currency Auctions Announcement No. 3068

This daily currency auction was held in the Central Bank of Iraq on the 11-09-2015

The results were as follows:

DETAILS NOTES
Number of banks 27
Number of remittance companies 18
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 194,575,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 194,575,000
Total offers for selling (US$) —–

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

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. – Plato

*** Current News ***

Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDon’t Miss “NEWS TIME” in the DU CHAT ROOM – Tuesday (MD had to work tonite) evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!

______________________________________________________________

Enorrste (Dinar Guru) – Article quote:  “the Council of Ministers may ask the Central Bank “soon” to leave the currency auction and resorting to “float the dollar“   So now we have the finance committee in Parliament (at least Jabouri), the Council of Ministers, the IMF, and the CBI all on the same page.  There is no more serious talk of not moving to the float.  Instead, the talk is essentially one over timing.  Saleh is insistent, and correct, thatthe final decision with regard to timing is in the hands of the CBI.  They are on records with several recent articles now stating that they wish to reduce the money supply in Iraq.  This can only be done with the raise in the value of the dinar.  Those few who are pushing for the float so that the value of the dinar will go down are, to put it nicely, ignorant as to how the process works.  As long as the CBI is in charge the value will not be allowed to fall, period.   Therefore, I am still cautiously optimistic that the float will commence before the end of the year or early in 2016.

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

______________________________________________________________

Financial Integrity calls to hold accountable those involved to “bleeding currency”

BAGHDAD / Obelisk: The member of the parliamentary finance committee, Hossam punitive, Sunday, the Integrity Commission to open an investigation ‘urgent’ and take legal action against those involved in taking out currency ‘foreign’ from Iraq, while noting that the leaked files of the late Ahmad Chalabi puts the central bank in front responsibility for the reduction of those operations, and to stop the ‘bleeding currency’. A member of the parliamentary finance committee, Hossam punitive, in a statement, said that the ‘revelations Chalabi of documents to make the central bank in front of the responsibility to take measures to stop the process bring out operations outside of Iraq’. He punitive, that ‘the documents, directed by Chalabi offered by media have been exposed and now known to the media and public opinion, has seen the presidency of parliament and the Integrity Commission on the detection of those files until now’, calling for ‘Integrity Commission for an urgent investigation and rapid detection of those involved in those files in order to stop the bleeding currency out of Iraq.

Read More: http://www.dinarupdates.com/showthread.php?24337-Financial-Integrity-calls-to-hold-accountable-those-involved-to-quot-bleeding-currency-quot

Informed sources: Abadi rejects request for “Qassem Soleimani” .. and Maliki threatens coup

Informed sources in Baghdad said that Iraqi Prime Minister Haider al-Abadi finally rejected a direct request from the commander of the so-called Jerusalem Corps Iranian Qassem Soleimani, Nuri al-Maliki to retain the vice president and undo his dismissal.

Iraq has been a political dynamic Abadi spearheaded an attempt to form a new national coalition includes Shiite, Sunni and Kurdish blocs to maintain a parliamentary majority, being able to proceed with his policies.

This at a time when anti-Maliki began a move to form a new parliamentary coalition.

It was the height of the Iraqi moves in Najaf and Karbala.Valebadi which did not meet Shiite cleric Ali al-Sistani, met with a number of references and figures, including Mohammed Said al-Hakim and Bashir al-Najafi and Mohammed al-Fayad, and Muqtada al-Sadr.

Abadi and enjoys the support of Tiare Moqtada al-Sadr and Ammar al-Hakim, and Sunni and Kurdish leaders, seeks to ensure the support of about two hundred deputy at least, as well as political support from al-Sistani in the face of al-Maliki, who appeared clearly that the armed Shiite factions backed by influential.Finally the coup and threatened him.

Maliki visited the city of Karbala, in turn, met with leaders of the militias in the popular crowd, as well as Shiite references.

Read More: http://www.dinarupdates.com/showthread.php?24297-Sources-say-Abadi-rejects-request-for-quot-Qassem-Soleimani-quot-and-Maliki-threatens-coup

______________________________________________________________

For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS

(Please note – we are posting daily News Articles slightly differently now)
______________________________________________________________

DinarUpdates.com News Time Chat 11-08-15 PM Part 1 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: Ministry of Oil continue its consultations to amend the contracts for the international oil companies operating in Iraq, in light weights because the amendments include participation b »profit and loss».

A spokesman for the Oil Ministry, Assem Jihad, in the interview that «the ministry is continuing in consultation with international oil companies operating in Iraq, to review the licenses obtained by decades », indicating that« includes a review held every oil field on the unit to reach a new agreement on it achieves the benefit of both parties, according to the understanding between them ».

Millionday: NOTE — THE OIL CONTRACTS WERE UNDERSTOOD TO BE AMENDED DUE TO UNDERSTANDING BETWEEN THEM — THE AMENDMENTS ARE ABOUT PROFITS AND LOSS — FIGURES
~~~

Read More: http://www.dinarupdates.com/showthread.php?24272-Millionday-News-11-08-15

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

DinarUpdates.com News Time Chat 11-08-15 PM Part 2 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: NOTE — SOME BANKS DID NOT FOLLOW REGULATION SO THEY WILL HAVE TO MEET ORDERS GIVEN DUE TO THIS BEFORE THEY MAY GO FORWARD— LEGAL ORDERS

Millionday: The statement said that” Among those actions prosecution by Iraqi courts in addition to his imposing heavy fines and being Asthsalha now, “noting that” the bank’s audit teams continuing to work in this field with the coordination and inform the competent judicial authorities offenses or values the amounts obtained for this purpose.

Millionday: “It is noteworthy that the Iraqi Central Bank decided, in (June 9, 2015), depriving the 14 banks from entering the window buying and selling foreign currency, as he emphasized that depriving these banks will continue until the payment of the amounts discharged.
~~~

Read More: http://www.dinarupdates.com/showthread.php?24272-Millionday-News-11-08-15

______________________________________________________________

CURRENCY CODE SELL BUY

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

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1266.742 1266.109
British pound GBP 1765.207 1764.325
Canadian dollar CAD 876.165 875.727
Swiss franc CHF 1170.565 1169.980
Swedish krona SEK 134.943 134.875
Norwegian krone NOK 136.628 136.560
Danish krone DKK 169.805 169.720
Japanese yen JPY 9.581 9.576
Special
Drawing Rights
SDR 1617.685 1616.876

Indicative rates – 11.09.2015

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

Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – Nov 9th

Dinar Daily NEWS Blog – Nov 8th

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…

2 Corinthians 3:17 (NKJV)

17 Now the Lord is the Spirit; and where the Spirit of the Lord is, there is liberty.

Heavenly Father, Thank You for Your Grace & Mercy! Thank You for our liberty in Christ! In Jesus Name, Amen.

Mrs BGG

Dinar pic above Daily Dinar Value

Iraqi Dinar/Dollar auction (most recent listing) 11-08-15 

Currency Auctions Announcement No. 3067

This daily currency auction was held in the Central Bank of Iraq on the 11-05-2015

The results were as follows:

DETAILS NOTES
Number of banks 21
Number of remittance companies 17
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 180,774,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 180,774,000
Total offers for selling (US$) —–

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

It’s not the size of the dog in the fight, it’s the size of the fight in the dog. – Mark Twain

*** Current News ***

Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDon’t Miss “NEWS TIME” in the DU CHAT ROOM – Sunday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!

______________________________________________________________

Stryker (Dinar Guru) – Here’s some great news to wake up to on this Sunday morning:  Prime Minister Abadi is forming a new political front made up of a 200 seats in parliament that involves Shiite, Sunnis and Kurds alike. In other words he looks to be building a new non-sectarian national unity in Iraq, free of corruption and a government for the people! This has been part of Prime Minister Abadi’s new government plan for some time now, as confirmed by my research…   Also in the news today, Prime Minister Abadi rejects Iran’s Quds Force Commander, Qassem Soleimani request to retain Nuri al-Maliki as Vice President of the Republic.  [post 1 of 2….stay tuned]

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

______________________________________________________________

News of the departure of the central currency auction and resort to «float the dollar»

Baghdad – Spin in the corridors of the joints of the government’s talk of asylum authorities to “float the dollar,” to overcome the financial crisis in the country, after the “failure” to ask international financial bonds and the application of a new salary scale, provides 3 trillion dinars to the state treasury.

Insiders say, close from political circles, that the Council of Ministers may ask the Central Bank “soon” to leave the currency auction and resorting to “float the dollar”; because according to sources provides state what it called “significant returns Dinareh”, to feed the state treasury, the dollar exchange rate.

and sells government Next US dollar from oil revenues, the central bank in exchange for the Iraqi dinar that you use in public spending, such as salaries, etc., and if the price of the Iraqi dinar dropped against the US dollar, the government will be the first to benefit.
But the appearance of Mohammed Saleh Economic Adviser to the Prime Minister, between “the world” that such a decision does not need a government directive, it is from the central bank the power, directly responsible for monetary policy in the country.

And founded the Iraqi Central Bank independent bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining the stability of the Price and implementation of monetary policy, including exchange rate policies. Bank being daily for the sale and purchase of foreign currencies sessions except public holidays.
It seems that the benefit of not in favor of “floating”; it suggests “broadening the tax base” out of the crisis.

There are more than 40 percent of Iraqis covered by the tax, they are still evading paid.
She close to the decision-making sources in an interview to the correspondent of “the world”, said the government may ask the central bank will soon stop selling the dollar through auction public .. gradually, in preparation for the floating exchange rate entirely, “adding that” the aim is to allow the dollar to rise to the extent that generate returns Dinareh more on the public treasury, to face the consequences of failure in the implementation of a new ladder of salaries.

“experiencing global oil prices since the middle of last year continuous decline, because of the use by some countries to increase Marodha against the lack of demand for it, what the cause of a severe financial crisis in Iraq , whose economy depends on crude proceeds.
The cabinet in the thirteenth of last month’s decision to amend the salary scale for state employees, which included significant reductions in most of the workers in government departments allocations.

obligatory decision in a timely manner severe reject by many of the staff, who went out wide demonstrations in Baghdad and the provinces, to demand its cancellation and considered “unfair”.

also saw demonstrations of green to the staff of the three presidencies of all the region denounced corruption and “counterfeit reforms” adopted by the government. And called on the religious authority, on October 23 last, to study the new salary scale again by the owners of expertise and competence to ensure justice for all.

It is Adviser to the Prime Minister for Economic Affairs appearance of Mohammed Saleh said at the time, that the new salary scale provides three trillion dinars. In the wake of that, the government acquiesced in the November 3 current, popular pressure, declared the Information Office of the Prime Minister Haider al-Abadi, said the new salary scale decision did not cover state employees allocations, noting that the decision was a special salary exclusively.

As Finance Minister, Hoshyar Zebari, such as call Move two days later that the reduction in staff allocations provided 1.3 trillion dinars. The new prime minister Haider al-Abadi, a week ago, his warnings of the financial situation in the country as a result of the current financial crisis caused by the decline in oil prices and the war against al “Daash” that drain big money from the budget. Banking sources said, in 9 of last September, the government will start a campaign promoting international bonds being issued for the first time in nine years; where the government is seeking to cover the shortfall in their budgets, because of falling oil prices and the war against “Daash.”

The yield on the Iraqi dollar bonds 10.37% , due in 2028, while up in Iraq’s neighboring countries to less than 2% according to the private borrowing from the international market data. Prior to the bond offering, Iraq received a negative credit rating of my organization, “Standard & Poor’s” and “Fitch”, based in the United States, where They noted the existence of credit risk.

Because results are encouraging and “expensive” that the cost of such bonds Ministry of Finance announced , on October 12 last, stop the release plan.

Fadel said the Prophet and the undersecretary of the ministry, said that “Iraq suspended its plans to issue international bonds because the yield to be paid will be very high.”
He gave no further details and it was unclear whether it was possible to revive the plan future.

It attributed the Finance Committee in the House of Representatives by Majida al-Tamimi, the government’s decision not to prejudice allocations of staff as “a response to the reference to calls and staff after they had intended to reduction of the nominal salary and allowances of the employees covered.” considers al-Tamimi told the “world” on Saturday, said the trend about employees’ salaries to provide additional sums of money “represents a Trqieia; it is necessary that the government is working to pressure the expenses of ministries and feminine petty Minister and Aivadathm.”

He revealed politicians and former government officials for petty cash that ministers and senior officials in the government exceed 2 trillion dinars, including rental and restoration of homes and furnished, and open invoices phones, as well as the ongoing Alaivadat throughout the year.

Tamimi and indicate that “the members of the House of Representatives’ salaries were reduced, since three months, from 12 million to 6 million dinars.” Tamimi asserts that the “floating dollar” had been proposed by specialists on the central bank and the government, but up to now there is no direction to adopt that process.

Expects the sources to rise the dollar exchange rate with flotation to 1,500 Iraqi dinars for every one dollar . There are three ways to deal with the central banks of hard currency; the first is made up of “limiting factor” to be adopted by the CBI, which includes a fixed exchange rate to the dollar, and inject dollars into the market to maintain the stability of this price. The second method is called “float”, and thumb the market is controlled exchange rate, while the third method includes a “floating orbit”, or unrestricted determine the specific price of the dollar, and another represents a maximum him, to let the currency float between these two prices.

The Haitham al-Jubouri, a member of the Finance Committee in the House of Representatives suggested in a statement to “the world”, the adoption of “unrestricted flotation” in the currency auction instead of “limiting factor”, adding that his committee suggested the central bank and the government to adopt this way “being the best, and certified In most countries of the world.

“In the opinion on behalf of Jamil Anton, an economist, said in an interview to the correspondent of” the world “, said the adoption of” floating dollar “in the current situation which is going through the country, rather than” limiting factor “in place by the Central Bank,” will solve the problem of lack of financial liquidity that the government experiencing now, “persisting but that” will not last long “, because it would cause economic problems cast a shadow over all market activities, which suffer a deterioration in infrastructure.

explains Anton, he was at the forefront of these problems,” drop value of the dinar against other currencies, as well as the decline in the value of savings of citizens, compared with a rise of imported goods and prices of goods “, which leads to the result to” a large and chronic increase in inflation.

“Anton adds that the survival of the Iraqi economy dependent on imports, not production, makes it float Currency in any way “is not true”, it also “There is no government control on the doors of exchange; it is still corrupt deals swallow up the bulk of the budgets.”

So asserts Anton, who is close to government decision-making sources, that “the adoption of the flotation process the government is not on the table now, “calling on government bodies responsible and the central bank to expand economic revenue base, to get out of the financial crisis experienced by Iraq.

Read More: http://www.dinarupdates.com/showthread.php?24210-DEPARTURE-OF-the-CENTRAL-CURRENCY-AUCTION-gradually-amp-resort-to-%ABfloat-the-doll

______________________________________________________________

For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS

(Please note – we are posting daily News Articles slightly differently now)
______________________________________________________________

DinarUpdates.com News Time Chat 11-06-15 PM Part 1 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: FIRST WHAT ARE WE WAITING ON THE INTERNATIONAL RATES TO CHANGE – RIGHT ?

Millionday: WHOOPOW

Millionday: FIRST SENTENCE >>>>>>>>>>>Seminar on the central bank auction and determine the foreign exchange rate

Millionday: NOW HERE WE GO

Millionday: Governor of the Central Bank of Iraq Ali Mohsen Keywords announced that the nature of the Iraqi economy Reclining on oil resources, make the relationship between fiscal and monetary policy, including an interactive relationship necessitated by the nature of the revenue and expenditure of the pricing of the dollar.
~~~

Read More: http://www.dinarupdates.com/showthread.php?24167-Millionday-News-11-06-15

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

DinarUpdates.com News Time Chat 11-06-15 PM Part 2 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: THIS CONFERENCE IS TO SET THE INTERNATIONAL RATES — WHEN OR HOW MUCH I DONT KNOW THOUGH HUN

Millionday: THERE IS NO WAY TO KNOW MORE THAN WHAT IS IN THIS INK BUT IT SURE IS EXCITING — WHOOPOW

quicktolegit96: when is the conference again?

Millionday: THIS IS ALREADY DONE

Millionday: HERE IS MORE ON IT

Millionday: The joy of pumice in a move aimed at supporting government reforms recently launched, plans and ensure its implementation aspects, Iraqi Economists Association held an economic seminar dealt with the obstacles and difficulties that stand in achieving the goals that serve the interests of citizens.
~~~

Read More: http://www.dinarupdates.com/showthread.php?24167-Millionday-News-11-06-15

______________________________________________________________

CURRENCY CODE SELL BUY

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

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1268.958 1268.323
British pound GBP 1794.474 1793.577
Canadian dollar CAD 885.547 885.104
Swiss franc CHF 1170.448 1169.862
Swedish krona SEK 135.265 135.198
Norwegian krone NOK 136.352 136.284
Danish krone DKK 170.120 170.035
Japanese yen JPY 9.596 9.591
Special
Drawing Rights
SDR 1620.728 1619.918

Indicative rates – 11.08.2015

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!!

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Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – Nov 8th

Dinar Daily NEWS Blog – Nov 7th

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…

2 Corinthians 2:14 (NKJV)

14 Now thanks be to God who always leads us in triumph in Christ, and through us diffuses the fragrance of His knowledge in every place.

Heavenly Father, Thank You that You are Love! Thank You that You always lead us in triumph in Christ! In Jesus Name, Amen.

Mrs BGG

Dinar pic above Daily Dinar Value

Iraqi Dinar/Dollar auction (most recent listing – from) 11-05-15 

Currency Auctions Announcement No. 3067

This daily currency auction was held in the Central Bank of Iraq on the 11-05-2015

The results were as follows:

DETAILS NOTES
Number of banks 23
Number of remittance companies 16
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 178,835,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 178,835,000
Total offers for selling (US$) —–

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

We can’t help everyone, but everyone can help someone. Ronald Reagan

*** Current News ***

Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDon’t Miss “NEWS TIME” in the DU CHAT ROOM – Sunday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!

______________________________________________________________

Millionday – Seminar Title:  “Friday, November 6, 2015  Iraq Exchange Rate: Seminar on the central bank auction and determine the foreign exchange rate”  THIS IS ALREADY DONE. THIS CONFERENCE IS TO SET THE INTERNATIONAL RATES — WHEN OR HOW MUCH I DONT KNOW…THE ACTIVATION OF THE IRAQI REFORM IS EXPECTED TO PUT IRAQ BACK IN THE RANKS OF ECONOMICALLY POWERFUL COUNTRIES.  [in your opinion do they only have one thing left to do?]   IMO — THIS COULD HAPPEN AT ANYTIME.

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

______________________________________________________________

Seminar on the central bank auction and determine the foreign exchange rate

!cid_image004_jpg@01D11887

Governor of the Central Bank of Iraq Ali Mohsen Keywords announced that the nature of the Iraqi economy Reclining on oil resources, make the relationship between fiscal and monetary policy, including an interactive relationship necessitated by the nature of the revenue and expenditure of the pricing of the dollar.

He pointed out that «Central» exercised important roles in this process, including the financing of the current expenditure of the public budget, with the dollar buying from the Ministry of Finance to cover the needs of the Iraqi dinar, in accordance with the allocations required in the general budget.

And contributes to «Central» also in finance imports of the commercial sector, while the dollar selling process means the withdrawal of the dinar from the local market, which will help the bank to curb money supply and reduce the resort to printing more currency.

He said at a seminar in «Institute of the progress of development policies», attended by experts and interested in the money sector of the economy, that «such activity is not essential for central banks in the world, it is very rare to have the central sales window, but because of the nature of the Iraqi economy, Central took over this task, while the task required to intervene when there is a disruption in the exchange rate, as in the European Union ».

He pointed to the issue of monetary reserves, which are still under discussion, and stressed that the reserve is the difference between what the central buys and sells.
And over, it goes to the international reserves, and that the function of the reserve financing imports and other transfers and coverage, and the foreign currency reserve is the difference between the dollar sales of the Ministry of Finance to the Central Bank and the central bank sales to the private sector.

And confirmed the existence of the adequacy of the reserve criteria, such as coverage of imports for a period of 6 months and cover the local currency and foreign debt.

He noted Keywords to the presence of important rules govern the process of selling the dollar to cover imports of personal and transfers of the private sector, including the Central Bank Law Article 28 and guidance of the International Monetary Fund economic system according to the Constitution, and anti-money laundering law.

He pointed out the real solutions such as the purchase or sale simple unconditional, cash and futures, and to require banks to apply the principle «know your customer» and the application of anti-money laundering and terrorism financing law.

He pointed to the devaluation of the Iraqi dinar by raising the dollar exchange rate of 10 percent to 1300 dinars to the dollar Options , what provides the general budget of 5 trillion dinars ($ 4.2 billion), or raise the dollar exchange rate of 20 percent to 1400 dinars, providing budget 9 trillion dinars.

He said that the reduction option easy, but it does not help in the reform of the structural problems, and the devaluation Local useful for exporting countries to activate the export. He added that «Iraq importing country, and to reduce the currency hurt the purchasing power of citizens with limited income.

The «can taxes play an important role in the finance, justice and balance without compromising the slide limited income, as can achieve economic goals and social and financial».

The head of the «Institute of the progress of development policies» and former Minister of Planning Mahdi Al-Hafiz, pointed out that the national need not require the continuation of the so-called dollar auction, organized by the «Central», but must be handled freely and without restrictions. And it calls for counter-opinion to uphold the auctions and to provide the necessary facilities for the conduct of this operation, and we must stop at the experiences of neighboring countries and operations.

He asked Hafiz for the exchange rate, which raises problematic several, he said, «How can that half of the process required to determine the exchange rate, and is related to the economic and financial situation of the state»?

Turning economist Ahmed Alobreha to points concerning the path expected of the Iraqi economy, pointing to the difficulty of reducing the demand sector Special for foreign currency in the current scope of the exchange rate and income levels.

He added that the national economy is a lack of diversified production base that can supplement the national market alternatives to imports of goods and services, adds restrictions and weakens the effectiveness of efforts to address the problem of policies.

He pointed out that «the private sector was unable to contribute to the display of foreign currency, as well as government non-oil sector, and foreign investment policy did not succeed in adding a tributary albeit in a limited form.

Iraq has faced interest on the loans in the international market can not afford the prices, and as a result of crude oil remains the only source of foreign currency, and must be serious and responsible move towards real economic development to pay a danger for Iraq».

Read More: http://www.alqurtasnews.com/

______________________________________________________________

For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS

(Please note – we are posting daily News Articles slightly differently now)
______________________________________________________________

DinarUpdates.com News Time Chat 11-06-15 PM Part 1 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: FIRST WHAT ARE WE WAITING ON THE INTERNATIONAL RATES TO CHANGE – RIGHT ?

Millionday: WHOOPOW

Millionday: FIRST SENTENCE >>>>>>>>>>>Seminar on the central bank auction and determine the foreign exchange rate

Millionday: NOW HERE WE GO

Millionday: Governor of the Central Bank of Iraq Ali Mohsen Keywords announced that the nature of the Iraqi economy Reclining on oil resources, make the relationship between fiscal and monetary policy, including an interactive relationship necessitated by the nature of the revenue and expenditure of the pricing of the dollar.
~~~

Read More: http://www.dinarupdates.com/showthread.php?24167-Millionday-News-11-06-15

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

DinarUpdates.com News Time Chat 11-06-15 PM Part 2 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: THIS CONFERENCE IS TO SET THE INTERNATIONAL RATES — WHEN OR HOW MUCH I DONT KNOW THOUGH HUN

Millionday: THERE IS NO WAY TO KNOW MORE THAN WHAT IS IN THIS INK BUT IT SURE IS EXCITING — WHOOPOW

quicktolegit96: when is the conference again?

Millionday: THIS IS ALREADY DONE

Millionday: HERE IS MORE ON IT

Millionday: The joy of pumice in a move aimed at supporting government reforms recently launched, plans and ensure its implementation aspects, Iraqi Economists Association held an economic seminar dealt with the obstacles and difficulties that stand in achieving the goals that serve the interests of citizens.
~~~

Read More: http://www.dinarupdates.com/showthread.php?24167-Millionday-News-11-06-15

______________________________________________________________

CURRENCY CODE SELL BUY

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

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1275.021 1274.383
British pound GBP 1797.972 1797.073
Canadian dollar CAD 885.749 885.306
Swiss franc CHF 1177.659 1177.070
Swedish krona SEK 136.142 136.074
Norwegian krone NOK 136.696 136.627
Danish krone DKK 170.928 170.842
Japanese yen JPY 9.620 9.616
Special
Drawing Rights
SDR 1624.576 1623.764

Indicative rates – 11.07.2015 (no change – as of 11/05)

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

Posted in Uncategorized | Comments Off on Dinar Daily NEWS Blog – Nov 7th

Dinar Daily NEWS Blog – Nov 6th

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…

1 Corinthians 15:58 (NKJV)

58 Therefore, my beloved brethren, be steadfast, immovable, always abounding in the work of the Lord, knowing that your labor is not in vain in the Lord!

Heavenly Father, Thank You for the beloved body of Christ! Thank You for the work You have given us. In Jesus Name, Amen.

Mrs BGG

Dinar pic above Daily Dinar Value

Iraqi Dinar/Dollar auction (most recent listing – from) 11-05-15 

Currency Auctions Announcement No. 3067

This daily currency auction was held in the Central Bank of Iraq on the 11-05-2015

The results were as follows:

DETAILS NOTES
Number of banks 23
Number of remittance companies 16
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 178,835,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 178,835,000
Total offers for selling (US$) —–

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

Every man is a damn fool for at least five minutes a day. Wisdom consists of not exceeding the limit. – Elbert Hubbard

*** Current News ***

Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDon’t Miss “NEWS TIME” in the DU CHAT ROOM – Friday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!

______________________________________________________________

Enorrste (Dinar Guru) – I believe that Abadi has sold his program to the Parliament and that program is the CBI plan to raise the value of the dinar. This means that for the first time we have all of the major players on the same page, irrespective of Maliki’s attempt to meddle in the process.  I see forces moving that cannot be stopped easily.   Furthermore, if you recall, it was the IMF who insisted that the Investment Law be passed before the end of October, and it was, barely. It was also the IMF that stated unequivocally that Iraq would “enter the world market” in early 2016. 

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

______________________________________________________________

Iraq’s top Shi’ite cleric warns parliament not to stall Abadi’s reforms

BAGHDAD | BY STEPHEN KALIN

Iraqi Prime Minister Haider Al Abadi gestures during a meeting with U.N. Secretary-General Ban Ki-moon during the United Nations General Assembly at the United Nations in Manhattan, New York September 30, 2015.  REUTERS/Andrew KellyIraq’s top Shi’ite cleric warned parliament on Friday not to use concerns over the legality of Prime Minister Haider al-Abadi’s reforms as a tactic to block them, in a boost to the premier days after lawmakers sought to rein him in.

Parliament voted unanimously on Monday to bar the government from passing important reforms without its approval, resisting Abadi’s efforts to unilaterally reshape a governing system that critics say encouraged corruption.

“The need to protect the constitution and the law must not be used by the legislative or any other authority to circumvent or delay the reform steps,” Grand Ayatollah Ali al-Sistani said through an aide.

Sistani is one of the most influential figures in Iraq, an OPEC oil producer that faces numerous challenges, from a limping economy to an Islamic State insurgency and sectarian conflict.

Emboldened by popular protests and a call by Sistani, whose opinion few Iraqi politicians would openly challenge, Abadi announced measures in August aimed at dismantling a patronage system and rooting out the incompetence that has undermined Baghdad’s battle against militants.

Hours after Sistani’s sermon on Friday, Abadi appeared to try to assert his authority.

State television flashed comments attributed to an unnamed source in his office insisting that salaries for the three vice presidents and three deputy prime ministers, whose positions were set to be eliminated by the changes, had in fact been stopped months ago.

“They do not exercise any government capacity. There is no going back on that,” the source said.

“No withdrawal of authorization or obstacles (set by) corrupt ones can stop the march of reform,” the source added, referring to parliament’s vote earlier in the week.

Reuters could not immediately reach spokesmen for Abadi or the other officials.

Demonstrators in Baghdad and other cities braved the threat of violence and extreme heat last summer to protest against graft and demand better water and electricity services.

Abadi responded with reforms that included eliminating a layer of senior government posts, sacking a third of the cabinet, cutting politicians’ security details and perks, and reopening corruption probes.

But as those measures got bogged down by political infighting and legal challenges, protests faded.

Last week, more than 60 members of the ruling coalition threatened to withdraw parliamentary support for reforms unless Abadi heeded their demands for wider consultation.

Parliament has deemed some reforms a violation of the constitution, including the dismissal of the vice presidents.

(Additional reporting by Saif Hameed; Editing by Michael Georgy and Kevin Liffey)

Read More: http://www.dinarupdates.com/showthread.php?24138-Iraq-s-top-Shi-ite-cleric-warns-parliament-not-to-stall-Abadi-s-reforms-Read-More

______________________________________________________________

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)
______________________________________________________________

Chalabi “delivers” the religious authority large file corruption before the day of his departure .. Shabandar and respond to the “poisoning his dinner.”

Twilight News / informed source revealed that the head of the Iraqi National Congress and head of the parliamentary finance committee of the late Ahmad Chalabi, ladder Supreme religious authority in Najaf large file corruption before the day of his death.

According to the source quoted by the Middle East that Chalabi has information on the personalities and the forces of the countries involved in the looting of Iraq and that the foreign currency auction at the Central Bank Alaraca, which pay for Chalabi warned in his movements and his dealings recently.

The source pointed out that the delivery of Chalabi’s Supreme reference is an effort to inform them of the size of the rampant corruption in the country. For his part, a source close to Chalabi family said preferred not to be identified told the (Middle East), said that “Tamara daughter Chalabi brought with them three doctors to examine the body of her father They are an American, a Briton and an Iranian to know the truth first and to determine the circles of international conflict in Iraq, where can Chalabi be a victim to this conflict.”

Member and former political Iraqi parliament independent Izzat Shahbandar, who was the last of whom he met Chalabi at the dinner hours before his death says the same newspaper, “The impending medical examination on the body of Chalabi based on doubts his family the fact that death is a natural will show whether a natural death or not and therefore difficult to talk about any issue of who is the beneficiary of the departure of Chalabi or even the authorities or involved in his death.”

He Shabandar “What concerns us now is the other killings, which happened to Chalabi, a political assassination for his role process which started since 2003, the moment of entry of the Americans Iraq who disagreed with Chalabi and disagree with them Chalabi and therefore the death Chalabi deferred since that date until today.”

On the last meeting, which was compiled by Chalabi shortly before his death Shabandar said that “Chalabi was very good health, but it was frustrating and very hurt that we have reached the things in the country, which is what I said in the meeting Allvzione, but what really hurts that many of those who were hostile to the Chalabi deliberated in sites social networking how I tucked poison him in the evening meal which shows the depth of our tragedy.”

Read More: http://www.dinarupdates.com/showthread.php?24130-Chalabi-quot-delivers-quot-the-religious-authority-large-file-corruption-before-depature

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

DinarUpdates.com News Time Chat 11-03-15 PM

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: LOTS OF NEWS TODAY

Millionday: BEFORE WE BEGIN I AM GOING TO SHOW YOU WHAT I HAD TODAY IN CASE YOU WERE NOT HERE

Millionday: THIS WAS PART OF A SPEECH BY CBI GOVERNOR

Millionday: He added that the central bank a day in the initial exchange market (referring to the lack of a future market for the currency or market options) and expresses its readiness to secure the display of foreign currency (dollars) to cover the need for demand to ensure the strengthening of the national currency and gradually to maintain stability at the target in each stage or period of revaluation ranges .

Millionday: SO AS WE SEE — HE IS ANNOUNCING THE READINESS TO ENSURE THE STRENGTHENING THE NATIONAL DINAR AND MAINTAIN STABILITY IN THE STAGE OF >>>>>>>>>>>>>>>>REVALUATION

Millionday: WHOOOPOW

Millionday: THOUGHT YOU WOULD LIKE TO SEE THAT
========================================

Millionday: Hussein al-Tamimi Tgb began actual cooperation to rotate the wheel of industrial production in Iraq stage in cooperation with the Lebanese private sector, which has great expertise in many industries, especially after he proved remarkably successful at the international level and supported in the biggest international companies will investigate the economic feasibility of the two countries.
~~~

Read More: http://www.dinarupdates.com/showthread.php?23877-Millionday-News-11-03-15

______________________________________________________________

CURRENCY CODE SELL BUY

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

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1275.021 1274.383
British pound GBP 1797.972 1797.073
Canadian dollar CAD 885.749 885.306
Swiss franc CHF 1177.659 1177.070
Swedish krona SEK 136.142 136.074
Norwegian krone NOK 136.696 136.627
Danish krone DKK 170.928 170.842
Japanese yen JPY 9.620 9.616
Special
Drawing Rights
SDR 1624.576 1623.764

Indicative rates – 11.06.2015 (no change – as of 11/05)

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

Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – Nov 6th

Dinar Daily NEWS Blog – Nov 5th

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…

1 Corinthians 15:58 (NKJV)

58 Therefore, my beloved brethren, be steadfast, immovable, always abounding in the work of the Lord, knowing that your labor is not in vain in the Lord!

Heavenly Father, Thank You for the beloved body of Christ! Thank You for the work You have given us. In Jesus Name, Amen.

Mrs BGG

Dinar pic above Daily Dinar Value

Iraqi Dinar/Dollar auction (from) 11-05-15 

Currency Auctions Announcement No. 3067

This daily currency auction was held in the Central Bank of Iraq on the 11-05-2015

The results were as follows:

DETAILS NOTES
Number of banks 23
Number of remittance companies 16
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 178,835,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 178,835,000
Total offers for selling (US$) —–

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

Every man is a damn fool for at least five minutes a day. Wisdom consists of not exceeding the limit. – Elbert Hubbard

*** Current News ***

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

______________________________________________________________

Millionday – THIS WAS PART OF A SPEECH BY CBI GOVERNOR:   ”…the central bank a day in the initial exchange market (referring to the lack of a future market for the currency or market options) and expresses its readiness to secure the display of foreign currency (dollars) to cover the need for demand to ensure the strengthening of the national currency and gradually to maintain stability at the target in each stage or period of revaluation ranges.”   HE IS ANNOUNCING THE READINESS TO ENSURE THE STRENGTHENING THE NATIONAL DINAR AND MAINTAIN STABILITY IN THE STAGE OF >>>REVALUATION.  WHOOOPOW.

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

______________________________________________________________

The low value of the dinar has fallen year savings diminish chances of «float» Dollar

Mohammed Hadi

Baghdad – Cannot for the proposal “floating dollar” stand up to the vagaries of the market economy; in light of the decrease of the local currency’s value against a difficult and declining public savings level, offset by higher imported goods prices, and therefore “chronic increase” occur in the general inflation levels, Despite assurances from economists that the “float” may provide financial liquidity, but not for a long time, because of the survival of the Iraqi economy’s dependence on import, and the exchange control doors were still weak by the government.

Former officials at the Central Bank shows that one of the terms of the flotation assumes a Private sector next to the Central Bank is asking the dollar to the market as well, but in Iraq, the Central is the only body that pump the dollar for the domestic market, which creates “confusion” in the marketplace work.

The officials pointed out that the idea of flotation, require “do not specify a certain amount to put dollars into the market. ”

She talks media leaks that the government will be forced to float the dollar, in the case failed to apply the new salary scale; where he sees Supporters of this proposal is that it will be the key to resolving the financial crisis that hit the country.

It is said that there are three ways, deals central banks with foreign currency;

1) first is made up by the “limiting factor” to be adopted by the CBI, which includes a fixed exchange rate to the dollar price, and inject dollars into the market to maintain the stability of the price.

2) The second method is called “float”, and thumb the market is controlled the exchange rate,

3) while including third way, a “floating orbit”, or unrestricted determine the specific price of the dollar, and another represents a maximum him, to let the currency float between these two prices.

and see world oil prices since the middle of last year continuous decline, because of the use by some countries to increase Marodha against the lack of demand for it, what caused a severe financial crisis in Iraq, which is known for raw Bria economy.

The new prime minister Haider al-Abadi, last week, his warnings of the financial situation in the country as a result of the current financial crisis caused by the decline in oil prices and the war against al “Daash” that drain big money from the budget. In the opinion on behalf of Jamil Anton, an economist, said in an interview to the correspondent of “the world”, said the adoption of “floating dollar” in the current situation which is going through the country, rather than “limiting factor” in place by the Central Bank, “will solve the problem of lack of financial liquidity including government suffer now, “persisting but that” will not last long “, because it would cause economic problems cast a shadow over all market activities, which suffer a deterioration in infrastructure.

explains Anton, he was at the forefront of these problems,” the depreciation of the dinar against other currencies, as well as the decline in the value of savings of citizens, compared with a rise of imported goods and prices of goods “, which leads to the result to” a large and chronic increase in inflation.

“Anton adds that the survival of the Iraqi economy dependent on imports, not production, makes the currency was floated in any way.” It is not true, “as it is” There is no government control on the doors of exchange; it is still corrupt deals swallow up the bulk of the budgets. ” So confirms Anton, who is close to sources of government decision-making, that “the adoption of the flotation process is not on the government table now,” calling on government bodies responsible and the central bank to expand economic revenue base, to get out of the financial crisis experienced by Iraq.

For his part, Dr. Ahmed Abrihi, financial expert and former Deputy Governor of the Central Bank, in connection with “the world” yesterday that the talk of some politicians for floating dollar “wrong and illogical”, because of “the lack of side responsible for pumping dollars into the local market only The central bank, while that one of the terms of the flotation provides for a private sector next to the central bank to throw dollar market also, as exists in South Korea and the United States and Indonesia. ”

Shows Abrihi that “float currency requires the presence of freedom in the presentation of currency equivalent to freedom of demand, meaning you do not specify a certain amount to put the dollar in the market,” explaining that “the hard currency that feed the market comes through the export of oil operations, ie through the central bank, where there is no private productive sector, is able to insert a hard currency into the country “, and thus this” makes officials on monetary policy in Iraq do not support the idea of floating the dollar, they create confusion in the market and a clear action “.

The Haitham al-Jubouri, a member of the Finance Committee in the House of Representatives suggested in a statement to “the world”, the adoption of “unrestricted flotation” in the auction currency instead of “limiting factor” that determines a fixed exchange rate to the dollar price, trying to keep it to fill the market need of hard currency, referring to the The committee suggested that the central bank and the government to adopt this way “being the best, and supported in most countries of the world.” He revealed at the time for sending 15 thousand purchase invoice currency “rigged” to justice, and stressed that a large number of companies that have turned to money “fake”, while calling for the formation of a competent financial courts financial matters.

As said the Central Bank’s board member Majid picture in touch with “the world” that the bank is trying to maintain the stability of exchange rates, pointing out that the monetary policy and instructions “according to the economic conditions experienced by the country changed.” He says that the picture of the bank cash reserves fell to $ 60 billion due to lower crude prices, but he assured that this decline does not threaten the collapse of the local currency, “being a fill 160 percent of the money supply of the Iraqi dinar.”

Read More: http://www.dinarupdates.com/showthread.php?23931-The-low-value-of-the-dinar-has-fallen-year-savings-diminish-chances-%ABfloat%BB-Dollar&p=135875#post135875

______________________________________________________________

Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDon’t Miss “NEWS TIME” in the DU CHAT ROOM – Friday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!

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)
______________________________________________________________

Parliamentary Energy reveal the renewal of the oil agreement between Baghdad and Erbil budget 2016

!cid_image004_jpg@01D1166C

Special – scales News – Detection of the Commission on oil and energy parliamentary member Aziz Kazim, Tuesday, renewing the oil agreement between Baghdad and Erbil in the 2016 budget and which provides for the extradition of the province of Baghdad, 300 barrels of oil from the Kirkuk fields

Kazim said L / scales News /, “The oil agreement between the central government and the provincial government has been renovated in the budget of 2016,” noting that “the agreement requires the province to deliver 300 barrels per day from the Kirkuk fields.”

Kadhim said “the central government would seek to cut off part of the share of the Kurdistan region, amounting to 17% in the federal budget for next year in the event of non-delivery of 300 barrels of oil to Baghdad a day” from the Kirkuk oil and 250 barrels of oil province, stressing at the same time that in “case of breach the region this condition, the differences and problems between Baghdad and Erbil will return again, “.anthy 29/28

Article Link

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Tuesday 11/03

Smart phone user link – Click here

DinarUpdates.com News Time Chat 11-03-15 PM

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: LOTS OF NEWS TODAY

Millionday: BEFORE WE BEGIN I AM GOING TO SHOW YOU WHAT I HAD TODAY IN CASE YOU WERE NOT HERE

Millionday: THIS WAS PART OF A SPEECH BY CBI GOVERNOR

Millionday: He added that the central bank a day in the initial exchange market (referring to the lack of a future market for the currency or market options) and expresses its readiness to secure the display of foreign currency (dollars) to cover the need for demand to ensure the strengthening of the national currency and gradually to maintain stability at the target in each stage or period of revaluation ranges .

Millionday: SO AS WE SEE — HE IS ANNOUNCING THE READINESS TO ENSURE THE STRENGTHENING THE NATIONAL DINAR AND MAINTAIN STABILITY IN THE STAGE OF >>>>>>>>>>>>>>>>REVALUATION

Millionday: WHOOOPOW

Millionday: THOUGHT YOU WOULD LIKE TO SEE THAT
========================================

Millionday: Hussein al-Tamimi Tgb began actual cooperation to rotate the wheel of industrial production in Iraq stage in cooperation with the Lebanese private sector, which has great expertise in many industries, especially after he proved remarkably successful at the international level and supported in the biggest international companies will investigate the economic feasibility of the two countries.
~~~

Read More: http://www.dinarupdates.com/showthread.php?23877-Millionday-News-11-03-15

______________________________________________________________

CURRENCY CODE SELL BUY

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

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1275.021 1274.383
British pound GBP 1797.972 1797.073
Canadian dollar CAD 885.749 885.306
Swiss franc CHF 1177.659 1177.070
Swedish krona SEK 136.142 136.074
Norwegian krone NOK 136.696 136.627
Danish krone DKK 170.928 170.842
Japanese yen JPY 9.620 9.616
Special
Drawing Rights
SDR 1624.576 1623.764

Indicative rates – 11.05.2015 

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

Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – Nov 5th

Dinar Daily NEWS Blog – Nov 4th

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…

2 Corinthians 1:20 (NKJV)

20 For all the promises of God in Him are Yes, and in Him Amen, to the glory of God through us.

Heavenly Father, we give You all the Glory! Thank You that all of Your promises in Christ are Yes and Amen!

Mrs BGG

Dinar pic above Daily Dinar Value

Iraqi Dinar/Dollar auction (from) 11-04-15 

Currency Auctions Announcement No. 3066

This daily currency auction was held in the Central Bank of Iraq on the 11-04-2015

The results were as follows:

DETAILS NOTES
Number of banks 22
Number of remittance companies 16
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 187,363,038
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 187,363,038
Total offers for selling (US$) —–

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

Attitude is a little thing that makes a big difference.
Winston Churchill

*** Current News ***

Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDon’t Miss “NEWS TIME” in the DU CHAT ROOM – Wednesday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!

______________________________________________________________

Millionday – I THINK THE RATE AGREED ON WILL BE RELEASED — AND THEN IT MAY FLUXUATE BUT ONLY IMO AT A 2% SWING.  I MEAN THE TOOLS THAT CBI HAS — IT WILL BE MANAGED TO ONLY MOVE ONE WAY OR OTHER 2% — IMO.  IN A SPEECH BY CBI GOVERNOR — THEY ARE READY TO RELEASE THE RATES — IMO.

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

______________________________________________________________

The low value of the dinar has fallen year savings diminish chances of «float» Dollar

Mohammed Hadi

Baghdad – Cannot for the proposal “floating dollar” stand up to the vagaries of the market economy; in light of the decrease of the local currency’s value against a difficult and declining public savings level, offset by higher imported goods prices, and therefore “chronic increase” occur in the general inflation levels, Despite assurances from economists that the “float” may provide financial liquidity, but not for a long time, because of the survival of the Iraqi economy’s dependence on import, and the exchange control doors were still weak by the government.

Former officials at the Central Bank shows that one of the terms of the flotation assumes a Private sector next to the Central Bank is asking the dollar to the market as well, but in Iraq, the Central is the only body that pump the dollar for the domestic market, which creates “confusion” in the marketplace work.

The officials pointed out that the idea of flotation, require “do not specify a certain amount to put dollars into the market. ”

She talks media leaks that the government will be forced to float the dollar, in the case failed to apply the new salary scale; where he sees Supporters of this proposal is that it will be the key to resolving the financial crisis that hit the country.

It is said that there are three ways, deals central banks with foreign currency;

1) first is made up by the “limiting factor” to be adopted by the CBI, which includes a fixed exchange rate to the dollar price, and inject dollars into the market to maintain the stability of the price.

2) The second method is called “float”, and thumb the market is controlled the exchange rate,

3) while including third way, a “floating orbit”, or unrestricted determine the specific price of the dollar, and another represents a maximum him, to let the currency float between these two prices.

and see world oil prices since the middle of last year continuous decline, because of the use by some countries to increase Marodha against the lack of demand for it, what caused a severe financial crisis in Iraq, which is known for raw Bria economy.

The new prime minister Haider al-Abadi, last week, his warnings of the financial situation in the country as a result of the current financial crisis caused by the decline in oil prices and the war against al “Daash” that drain big money from the budget. In the opinion on behalf of Jamil Anton, an economist, said in an interview to the correspondent of “the world”, said the adoption of “floating dollar” in the current situation which is going through the country, rather than “limiting factor” in place by the Central Bank, “will solve the problem of lack of financial liquidity including government suffer now, “persisting but that” will not last long “, because it would cause economic problems cast a shadow over all market activities, which suffer a deterioration in infrastructure.

explains Anton, he was at the forefront of these problems,” the depreciation of the dinar against other currencies, as well as the decline in the value of savings of citizens, compared with a rise of imported goods and prices of goods “, which leads to the result to” a large and chronic increase in inflation.

“Anton adds that the survival of the Iraqi economy dependent on imports, not production, makes the currency was floated in any way.” It is not true, “as it is” There is no government control on the doors of exchange; it is still corrupt deals swallow up the bulk of the budgets. ” So confirms Anton, who is close to sources of government decision-making, that “the adoption of the flotation process is not on the government table now,” calling on government bodies responsible and the central bank to expand economic revenue base, to get out of the financial crisis experienced by Iraq.

For his part, Dr. Ahmed Abrihi, financial expert and former Deputy Governor of the Central Bank, in connection with “the world” yesterday that the talk of some politicians for floating dollar “wrong and illogical”, because of “the lack of side responsible for pumping dollars into the local market only The central bank, while that one of the terms of the flotation provides for a private sector next to the central bank to throw dollar market also, as exists in South Korea and the United States and Indonesia. ”

Shows Abrihi that “float currency requires the presence of freedom in the presentation of currency equivalent to freedom of demand, meaning you do not specify a certain amount to put the dollar in the market,” explaining that “the hard currency that feed the market comes through the export of oil operations, ie through the central bank, where there is no private productive sector, is able to insert a hard currency into the country “, and thus this” makes officials on monetary policy in Iraq do not support the idea of floating the dollar, they create confusion in the market and a clear action “.

The Haitham al-Jubouri, a member of the Finance Committee in the House of Representatives suggested in a statement to “the world”, the adoption of “unrestricted flotation” in the auction currency instead of “limiting factor” that determines a fixed exchange rate to the dollar price, trying to keep it to fill the market need of hard currency, referring to the The committee suggested that the central bank and the government to adopt this way “being the best, and supported in most countries of the world.” He revealed at the time for sending 15 thousand purchase invoice currency “rigged” to justice, and stressed that a large number of companies that have turned to money “fake”, while calling for the formation of a competent financial courts financial matters.

As said the Central Bank’s board member Majid picture in touch with “the world” that the bank is trying to maintain the stability of exchange rates, pointing out that the monetary policy and instructions “according to the economic conditions experienced by the country changed.” He says that the picture of the bank cash reserves fell to $ 60 billion due to lower crude prices, but he assured that this decline does not threaten the collapse of the local currency, “being a fill 160 percent of the money supply of the Iraqi dinar.”

Read More: http://www.dinarupdates.com/showthread.php?23931-The-low-value-of-the-dinar-has-fallen-year-savings-diminish-chances-%ABfloat%BB-Dollar&p=135875#post135875

______________________________________________________________

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)
______________________________________________________________

Parliamentary Energy reveal the renewal of the oil agreement between Baghdad and Erbil budget 2016

!cid_image004_jpg@01D1166C

Special – scales News – Detection of the Commission on oil and energy parliamentary member Aziz Kazim, Tuesday, renewing the oil agreement between Baghdad and Erbil in the 2016 budget and which provides for the extradition of the province of Baghdad, 300 barrels of oil from the Kirkuk fields

Kazim said L / scales News /, “The oil agreement between the central government and the provincial government has been renovated in the budget of 2016,” noting that “the agreement requires the province to deliver 300 barrels per day from the Kirkuk fields.”

Kadhim said “the central government would seek to cut off part of the share of the Kurdistan region, amounting to 17% in the federal budget for next year in the event of non-delivery of 300 barrels of oil to Baghdad a day” from the Kirkuk oil and 250 barrels of oil province, stressing at the same time that in “case of breach the region this condition, the differences and problems between Baghdad and Erbil will return again, “.anthy 29/28

Article Link

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Tuesday 11/03

Smart phone user link – Click here

DinarUpdates.com News Time Chat 11-04-15 PM

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: LOTS OF NEWS TODAY

Millionday: BEFORE WE BEGIN I AM GOING TO SHOW YOU WHAT I HAD TODAY IN CASE YOU WERE NOT HERE

Millionday: THIS WAS PART OF A SPEECH BY CBI GOVERNOR

Millionday: He added that the central bank a day in the initial exchange market (referring to the lack of a future market for the currency or market options) and expresses its readiness to secure the display of foreign currency (dollars) to cover the need for demand to ensure the strengthening of the national currency and gradually to maintain stability at the target in each stage or period of revaluation ranges .

Millionday: SO AS WE SEE — HE IS ANNOUNCING THE READINESS TO ENSURE THE STRENGTHENING THE NATIONAL DINAR AND MAINTAIN STABILITY IN THE STAGE OF >>>>>>>>>>>>>>>>REVALUATION

Millionday: WHOOOPOW

Millionday: THOUGHT YOU WOULD LIKE TO SEE THAT
========================================

Millionday: Hussein al-Tamimi Tgb began actual cooperation to rotate the wheel of industrial production in Iraq stage in cooperation with the Lebanese private sector, which has great expertise in many industries, especially after he proved remarkably successful at the international level and supported in the biggest international companies will investigate the economic feasibility of the two countries.
~~~

Read More: http://www.dinarupdates.com/showthread.php?23877-Millionday-News-11-03-15

______________________________________________________________

CURRENCY CODE SELL BUY

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

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1279.802 1279.162
British pound GBP 1795.523 1794.626
Canadian dollar CAD 889.669 889.224
Swiss franc CHF 1177.540 1176.951
Swedish krona SEK 136.747 136.679
Norwegian krone NOK 137.009 136.940
Danish krone DKK 171.584 171.498
Japanese yen JPY —– —–
Special
Drawing Rights
SDR 1626.757 1625.943

Indicative rates – 11.04.2015 

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

Posted in Daily Dinar Updates | Tagged , , , , , , , , , , , , , , | Comments Off on Dinar Daily NEWS Blog – Nov 4th