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 Thessalonians 3:5 (NKJV)
5 Now may the Lord direct your hearts into the love of God and into the patience of Christ.
Heavenly Father, Thank You that You are Love! Thank You Lord, for directing our hearts into the love of God and into the patience of Christ! In Jesus Name, Amen.
Mrs. BGG
Iraqi Dinar/Dollar auction (most recent listing) 01-05-15
Currency Auctions Announcement No. 3109
This daily currency auction was held in the Central Bank of Iraq on the 01-05-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 26 |
| Number of remittance companies | 23 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 161,737,563 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 161,737,563 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Everyone thinks of changing the world, but no one thinks of changing himself. – Leo Tolstoy
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Stryker (Dinar Guru) – Exchange Rate Flexibility: News on one of the world’s developing market’s move to be more flexible on their exchange rate starting today: Article quotes: “Jan 3 Vietnam will announce a central rate for the dong/dollar each day starting from Monday, shifting from a fixed rate of 21,890 dong/dollar to allow more flexibility, the central bank said on Sunday.” “Under the current system the dong trades around its fixed rate, which the central bank adjusts only occasionally.” That tells me, and others, that Vietnam is going to announce a new rate and moving it’s current system to a managed float regime in the next few days. Starting in 2011 the White House started asking the developing markets of the world to start being more flexible on their exchange rates and then in 2013 the G-20 nations reiterated their commitment to move more rapidly toward more market-determined exchange rate systems and exchange-rate flexibility. Today we see this finally taking place with the Vietnam announcement above.
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Millionday – “the State will travel to reconsider monetary policy to contribute to a possible cash flow and be able to make some changes to this policy for the exchange rate, auction, banks, dealing with imports,” adding that “there will come the need for changes change that got the Iraqi revenues.“ NOTE — THE POLICY IN PLACE RIGHT NOW DOES NOT WORK SOFOR — CASH FLOW, EXCHANGE RATES, AUCTION, BANKS AND IMPORTS THERE IS A NEED FOR THE NEW MONETARY POLICY TO BE PUT IN PLACE COMING WITH THE 2016 BUDGET. SO THE GOAL IS TO ACHIEVE THE MOST WITH THE DINAR AND ITS RATE AGAINST THE DOLLAR BY CHANGING THE MONETARY POLICY OF CBI TO ITS NEW EDITION.
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Frank26 (Dinar Guru) – May I Kindly offer this: Why only hear…No RV in January? Yet not listen to what we said about the 1st quarter of 2016? I said IRAQ messed up IMO on the 1/1/16. Never said the 1st quarter was flushed down the toilet. Then fortified it with USA and Britain busting down the doors at the UN for a request of a frightful tactic that simply SCARES THE HELL OUT OF IRAQ…SANCTIONS!
“Round Table” Dinar Call!!
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from Monday 12/21
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Legal representative: second reading of the law defining the mandates of the three presidencies in the next meeting
BAGHDAD / News Network – Iraq announced that the Legal Committee member Hamdiya Husseini, Tuesday, that the second reading of the draft law defining the mandates of the three presidencies will be an introduction to the work the House of Representatives during the next legislative term. Husseini said in a press statement today: “The House of Representatives will read the second reading of the draft defining the mandates of the three presidencies to two terms only law at the first session of parliament was held during the next legislative term. “She added,” The second reading of the law of amnesty will also be among the first acts of the parliament during the next legislative term, in addition to the Civil Service Law. “It is noteworthy, that the presidency House of Representatives on Tuesday set the date for the beginning of the nineteenth second legislative term of the second legislative year.
Read More: http://www.dinarupdates.com/showthread.php?28080-Legal-representative-second-reading-of-the-law-defining-the-mandates-of-the-three-pr
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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!!
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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
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1288.144 | 1287.500 |
| British pound | GBP | 1745.814 | 1744.941 |
| Canadian dollar | CAD | 846.159 | 845.736 |
| Swiss franc | CHF | 1183.657 | 1183.065 |
| Swedish krona | SEK | 140.565 | 140.495 |
| Norwegian krone | NOK | 133.522 | 133.455 |
| Danish krone | DKK | 172.628 | 172.542 |
| Japanese yen | JPY | 9.890 | 9.885 |
| Special Drawing Rights |
SDR | 1640.131 | 1639.311 |