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…

Numbers 6:24-26 (NKJV)

24 “The Lord bless you and keep you;
25 The Lord make His face shine upon you,
And be gracious to you;
26 The Lord lift up His countenance upon you,
And give you peace.”’

Heavenly Father, Thank You that You are the God of Peace! Thank You for blessing us! Thank You for all of Your blessings! We are so grateful and thankful 🙂 In Jesus Name, Amen.

Mrs. BGG

Iraqi Dinar/Dollar auction (most recent listing) 01-04-15 

Currency Auctions Announcement No. 3108

This daily currency auction was held in the Central Bank of Iraq on the 01-04-2015

The results were as follows:

More: http://dinarupdates.com/observer/
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However beautiful the strategy, you should occasionally look at the results. – Winston Churchill

*** Current News ***

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Enorrste (Dinar Guru) – Imposition of tariffs without a change to a float will not work. It will cause inflation in the country and place a heavy burden on the citizens of Iraq due to the higher prices. Unless they simultaneously allow the dinar to float (while reducing the money supply) then the Iraqi’s will see the value of their dinar fall precipitously due to the higher prices of imported goods.  The GOI tried this once already with trade into Kuwait and had to stop it immediately due to the disruption it caused. Now they are going to do it again over a larger territory.
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Kaperoni (Dinar Guru) – Article quote:  “but at this time no one can, not even Iraq to continue on the previous policy, because it is impossible to live on oil revenues only” The writing is on the wall.  They cannot make it much longer and even Zebari said so today...can’t pay salaries by April.  This is a going to be rather interesting the next few months.  Buckle up and let it come to us.
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Stryker (Dinar Guru) – 2016 Budget Ratification:  this did not take place on Friday as first reported last week but yet the President of Iraq was reported approving and ratifying it on Sunday (yesterday).  Gazette Updates: the 2016 Budget will not be implemented until the new approved budget law is posted into the official Law Gazette, so neither the additional taxation or tariff taxes in Article 24 of the 2016 Budget can be implemented until it is.

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Monday 12/21

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President of the Republic Fuad Masum approves budget bill

President Fuad Masum, on Sunday, the Federal Budget Law No. 1 of 2016, amounting to 105 trillion dinars and a deficit of up to 24 Trliuna, according to a presidential statement. The statement quoted the official spokesman for the Presidency of the Republic Khaled Huani, saying that infallible ratified on Sunday the Federal Budget Law No. (1) for the current year, indicating that the President of the Republic stressed the “importance of adhering to adjust unnecessary expenses and taking into account the low-income social strata service and provision of basic services in this emergency situation through which the country.”

He added Huani “The president renewed his thanks and appreciation for all the efforts that have contributed to the preparation of the budget, study, review and discussion and enacted a project, whether in the government or in the House, or in the media, which role was vital in all these stages.”

The Iraqi Council of Representatives passed in (17 / 12/2015), and an absolute majority, the federal budget law for 2016, which amounted to 105 trillion dinars and a deficit up to 24 trillion dinars, the adoption of the price of a barrel of oil dollars to 45. In turn, directed the General Secretariat of the Council of Ministers, “Finance and Justice, Planning and Construction and Housing organized draft Ministries appeal to the Federal Supreme Court in the amendments made ​​by the House of Representatives on certain paragraphs of the general budget for the year 2016 “.

The Secretariat said in a statement it adopted in directed” the Council of Ministers Resolution No. 430, which provided for the formation of a committee headed by the Undersecretary of the Ministry of Finance and the membership of representatives from the Ministries of Justice Planning and Construction and Housing, Advisor to the Prime Minister for Economic Affairs, and a representative of the Legal Department of the General Secretariat of the Council of Ministers, in addition to the heads of the relevant departments in the Ministry of Finance shall reconsider the amendments made ​​by the House of Representatives on the texts of the draft federal budget for fiscal year 2016 Act materials, or add new material, and submit its recommendations to the Minister of Finance. “The statement added that the Secretariat,” the text of the resolution also authorized the Prime Minister to provide the power to appeal to the Federal Court paragraphs which are brought out of the Committee’s recommendations. ”

http://rudaw.net/arabic/middleeast/iraq/030120164
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(Please note – we are posting daily News Articles slightly differently now)
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Parliamentary Energy: oil and gas law will reach parliament this month

Baghdad – INA / A member of the Commission on oil and energy parliamentary, beauty Panthers, Sunday, continuing disagreements political blocs legislation on oil and gas law, expected arrival at the Parliament of the government during the month.

Joker and said the “Iraqi news agency”, that “all outstanding problems between the Kurdistan Alliance and other alliances have been resolved once and for all, but the oil and gas law, which is still pending until the moment.”

He added that “there is substantial negotiations are in full swing in order to resolve the enactment of the law after receiving the Council of Ministers during this month.”

He pointed out that “the enactment of the law will ensure the right of the provinces producing oil and gas in the coming budgets without entering discussions and speculations on the legislation.”

http://www.iraqnewsagency.com/%D8%A7%D9 … %B3%D9%8A/

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Sunday 11/29

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Economist: Replace the currency and the deletion of zeros is an important step for monetary reform

The adoption of the monetary authority decision in the process of replacing the currency on the approach to costs and benefits, as a change of the Iraqi dinar and the deletion of zeros is an important step on the road to monetary reform, and the reform of the currency management system through structured to control the flow and management of the cost of the money supply in a manner optimized and using a form «Mosley» the most comprehensive, which does not stop at the borders of the costs and benefits but includes economic, social and political environment variables.

He said economic expert d. Abdul-Hussein Abdul Jalil Ghalibi according to »Sabah» that “ideas can be raised in this area, from the process of deleting the zeros and replace currency terms would be too costly to the Iraqi economy and society, from the cost lawsuits and compensation, as well as support the economy commissioned during and after the process substitution.

He stressed that no one denies that the process of changing the dinar require the costs to complete, but the discussion of these costs come from several directions, the first being to maintain the dinar generates community ongoing costs in accounting and procedural fields of counting and sorting, storage and others.

He explained that “these costs could be saved when changing currency and reduced to a minimum, and the second direction that is secreted by the costs is the issue of paper currency printed and punching the coin, and here it can be said that the huge number currently in the Iraqi economy, which amounts to 4 billion paper needs to operations replace the damaged and torn and consumed him for the papers.

And that old deliberative banknote no more than ten years, but it is in heavy use conditions as is the case in Iraq, which hit the currency in circulation to the proportion of the money supply which about 90 percent of the old could be up to five years.

He said therefore, these costs are already unspent along with the replacement will reduce the number of banknotes issued to the gain of 70 percent from the previous issue, and therefore the costs also will be reduced by more than this percentage because the old Deliberative new paper will be longer than the previous two reasons. First, the coins will reduce the burden of Use them, and that large banknotes will be used less speed.

Ghalibi He said that the second reason is that the quality of the paper better and more tolerant than the current paper, which was issued in 2003, the mission of the developments that have occurred in the field of printing money. The reference to the cost of compensation suits have nothing to do with the process of replacement as well as support the economy also cost nothing to do with this, as the government support of economic activity is affected by the process of changing the currency because what determines the amount of support and trends are within the government’s fiscal policies.

He explained that the change of currency and the deletion of zeros does not reduce the source of paper, and with the relevance of this opinion and his health, what is taken it is that the currency (the dinar) does not stop the replacement limits of the same categories, but will be issued the largest monetary categories so that the total number of papers will reach 1.18 billion paper instead of 4 billion paper, number of leaves, which significantly reduces the side to increase the range of categories used not only from the top but from the bottom to issue coins.

Read More: http://www.dinarupdates.com/showthread.php?27896-Economist-Replace-the-currency-and-the-deletion-of-zeros-is-an-important-step
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CURRENCY CODE SELL BUY

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

Indicative rates – 01.04.2015

http://www.cbi.iq/

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