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Word for the day…
Matthew 7:7-8 (NIV)
Ask, Seek, Knock
7 “Ask and it will be given to you; seek and you will find; knock and the door will be opened to you. 8 For everyone who asks receives; the one who seeks finds; and to the one who knocks, the door will be opened.
Heavenly Father, thank You for Your Love & Grace! Thank You that we can come before You and ask, seek, and knock. And we receive, find and doors are opened. In Jesus Name, Amen.
Mrs BGG
Iraqi Dinar/Dollar auction 16-09-15
Currency Auctions Announcement No. 3037 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 16-09-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 13 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 171,191,098 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 171,191,098 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Gratitude is not only the greatest of virtues, but the parent of all the others. – Marcus Tullius Cicero
*** Current News ***
Join Dinar Updates for a Round Table Chat @ 1:30pm CST – today in the Chat Room!!
Read More: http://www.dinarupdates.com/
BGG – [So all the laws are going to be passed all at once? is that correct?] …the AML Law and Investment Law are on the agenda. Anti-Money Laundering Law…This is the one the WB and IMF want…likely pointed directly at Maliki and his corrupt gang. […the iraqi parliament agenda for tomorrow [Wednesday]…says “The vote on the draft anti-money laundering and terrorism financing law.” and “The vote on the draft second amendment to the Law of Investment”.] …sounds like a vote to me. That is good news. [When everything is voted thru, then when is it Implemented…When should they Revalue or RV?] value can happen anytime… these are just things that OBVIOUSLY open the door wide for monetary reform…but there is nothing that says they can’t do whatever they want when the “obstructionists” are well “on the ropes”. [All the laws are NOT needed for international acceptance.] you are correct.
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tlm724 – Article: “Selling foreign bonds to fill budget deficit“ I don’t think they will have much trouble selling these bonds after tomorrows vote on the AML and investment law, those laws will provide a certain level of confidence.
Read More: http://dinarupdates.com/observer/
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Urgent .. statement issued by the Central Bank of Iraq
The Central Bank of Iraq confirmed that the House vote on the money laundering law will provide a legal framework for the banking sector.
The bank said in a statement that he appreciates the House vote on the anti-money laundering and smuggling of funds law as it finds that the law provides a legal and regulatory framework ahead and in line with international standards and requirements.
The bank pointed out that the law would provide legal frameworks for the banking sector.
The House of Representatives voted, during its meeting of 23, which was held on Wednesday (16 September 2015), headed by the Vice President of the Council Hamoudi and the presence of 195 deputies, the draft anti-money laundering and terrorism financing law.
ANNOUNCEMENT IS ON CBI SITE.
Parliament postpones vote on the second amendment to the investment law
The Board of Representatives, on Wednesday, to postpone the vote on the draft law of the Second Amendment to the Investment Law No. 13 of 2006.
A parliamentary source said to the reporter Agency / information / “The House of Representatives to vote on the amendment until after the Eid al-Adha holiday for the existence of the legal observations”.
The House of Representatives held today, 23 of its first legislative term of the second legislative year, in the presence of 195 deputies and headed by First Deputy Speaker of Parliament Hamoudi. Finished / 25 Q
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…
http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
(Please note – we are posting daily News Articles slightly differently now)
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Cabinet approves bill to cancel the posts of Vice-President of the Republic Act
Khandan – Iraq’s Council of Ministers held on Tuesday, its regular-sixth session under the chairmanship of Prime Minister Haider al-Abadi, discussed in the beginning of the meeting developments in the military and security situation, and a number of issues on its agenda. He said the Information Office of Ebadi said in a statement, said the cabinet approved the draft Cancel the posts of Vice President of the Republic Act and submitted it to the House of Representatives based on the provisions of Articles 61 / item I, 80 / item II of the Constitution. The Council decided also that the Ministry of Agriculture adoption of support by 80 percent of the total cost of the seeds of wheat and barley crops. and approved by the Council of Ministers the withdrawal of laws sent projects to the parliament by the previous government for the purpose of review…
Article brought in from Holly1 from the Chat Room (posted by Mrs BGG this AM)
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Bloomberg: Central Bank sees limited risk of devaluation
Tomorrow/Baghdad: the Governor of the Central Bank, Mohsen Al-allaq, said Iraq has enough foreign reserves to maintain the economic status, but has not ruled out devaluation of the dinar to support affected government revenues due to falling oil prices and the cost of war against daash…
BGG ~ Right after this Doomberg article I assured everyone – not to worry, this whole article is based on comments by the “Maliki-proxy” Gov of the CBI (who probably won’t be there much longer)…
Parliamentary Finance: strong and modern Iraqi dinar opposite just rumors
Zora / Duraid Salman: Parliamentary Finance Committee has ruled out the possibility for the collapse of the Iraqi national currency against the backdrop of the financial crisis that beset the country, and described the news you are talking about as “rumors” promoted by some currency traders in order to achieve an illegal advantage, as he emphasized that oil imports enough yet to pay salaries Mozvin.oukal Committee member Masood Haider Rustam told the “Zora”, yesterday: news that talk about for the collapse of the Iraqi national currency due to the financial crisis, are just “concerns incorrect and untrue,” attributing the cause to that of the Iraqi dinar strong enough to withstand .
Rustam said: that the amount of the Iraqi dinar circulating in the market currently estimated at about 40 trillion dinars, and Iraq has a financial reserve of hard currency is estimated at 60 billion dollars, that is as much as 150% of the Iraqi currency.
Said Rustam: that is the hard currency which gives the value of the Iraqi dinar, and therefore “these concerns intervention in the door of the rumors, the fact that some hard currency traders want to take advantage through the launch.”
And on salaries and the government’s ability to pay regularly without problems, Rustam said that Iraq sells oil and imports enough to pay staff salaries, noting that Iraq is a real need to austerity, particularly as the number of employees in it is very large compared to neighboring and international standards countries, and it needs to program reform of government.
Rustam believe: that the economic situation in Iraq and the world swing, and the economy can not be certain the occurrence of a certain thing or do not say for sure.
So said a member of the parliamentary finance committee pros Hamadoun Hamid Hassan buckets for “Zora”: The oil reserves in Iraq large, as well as the Central Bank’s foreign currency reserves, they are “available and large”, so the salaries in safety, and talk about the possibility of a “collapse in the former national currency early. ”
And on the financial liquidity showed a member of the economic and investment commission parliamentary Najiba Najib, the financial bond issuance will not meet the obligations of the financial state, as pointed out that Iraq is suffering from providing liquidity Almalah.oukalt Najib: that the issuance of securities is one of the means resorted to by the state after the fall in prices oil, comes from the phrase measures to increase fiscal revenue, indicating that the House of Representatives to grant powers and vacation legitimacy to issue bonds and sell them in international markets.
Najib said: that the bond issue, amounting to $ 6 billion will not meet the financial obligations of the state and be covered under the current circumstances, pointing at the same time that Iraq is suffering from the provision of liquidity, but the government is moving to increase revenue.
The central bank earlier announced his intention to launch bonds in favor of the Ministry of Finance worth two billion dollars, and as pointed out that the bonds due and payable by the end of 2016, confirmed that it can be used as collateral for loans or facilities require collateral.
BGG ~ This article was put out immediately after the Doomberg article – perfect rebuttal to Alak’s ridiculous comments (the “Maliki-proxy” interim Gov of CBI )…
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Commercial Solicitation
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CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1166.000 | 1164.000 |
| Euro | EUR | 1319.912 | 1319.252 |
| British pound | GBP | 1798.905 | 1798.005 |
| Canadian dollar | CAD | 879.137 | 878.698 |
| Swiss franc | CHF | 1202.062 | 1201.461 |
| Swedish krona | SEK | 141.297 | 141.227 |
| Norwegian krone | NOK | 142.593 | 142.522 |
| Danish krone | DKK | 176.911 | 176.822 |
| Japanese yen | JPY | 9.666 | 9.661 |
| Special Drawing Rights |
SDR | 1644.643 | 1643.821 |