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…
Proverbs 16:20 (NKJV)
20 He who heeds the word wisely will find good,
And whoever trusts in the Lord, happy is he.
Heavenly Father, Thank You for Your Word, The Bible! We trust in You, Lord 🙂 In Jesus Name, Amen.
Mrs. BGG
Iraqi Dinar/Dollar auction (most recent listing) 01-10-15
Currency Auctions Announcement No. 3111
This daily currency auction was held in the Central Bank of Iraq on the 01-10-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 18 |
| Number of remittance companies | 14 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 145,512,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 145,512,000 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Most of the trouble in the world is caused by people wanting to be important. – T.S.Eliot
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BGG – […on the10th they are activating the smart cards to deal with tariffs as I understand and was wondering if they did that do you think we might see something then or shortly after?] I have long said – “when you see the tariffs you will see a rate”… if they enact a broad tariff structure WITHOUT a rate (or currency shift of some kind) that would help mitigate the damage to the citizens – I WILL BE STUNNED. I am about 99.75% on this one. …obviously – anything is possible. However, their own economist have warned them over and over… (AND the IMF is involved now).
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wmawhite (Dinar Guru) – Article: “Deposit Insurance Law does the economy” the deposit insurance strengthens the investment law activity and is another sign of them moving to a market driven economy…they are showing us their preparations. They are preparing for the move.
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from 01/07 – 5:30pm CST
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Kaperoni (Dinar Guru) – Article quote: “The other option is how to raise the Iraqi dinar exchange rate, although it may be a risk of selection have repercussions.” I think the move to a market economy is being kept very tight lipped. As a result we are seeing all kinds of opinions coming out on how to solve the financial problems. I don’t see devaluing the dinar as a viable option when Iraq is totally dependent on imports. As well, reducing salaries is not an option as both would cause chaos. I think Abadi is going to look like hero pretty soon when they launch this event (sometime during 2016).
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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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It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars
Called on the central bank, on Thursday, the banks to buy gold Meskukath, and while noting the arrival of specie 100 dinars category, stressed that the price of 720 000 dinars. The bank said in a statement Alsumaria News a copy of it, that “in order to diversify the public savings and to ensure receiving a gold 24 carat has contracted with an international company Stamping 5000 specie souvenir gold “, adding that” the coins are from 100 dinars category weight of 15 grams on the occasion of Eighty-fourth anniversary of the founding of the Iraqi PMA 1930, in addition to the 5000 specie category 250 dinars weight 22 grams on the occasion of sixty-eighth anniversary of the founding of the Central Bank of Iraq in 1947 “.
The bank said it “received the first category of these coins that are weighing 15 grams,” noting that he “will be put up for sale through banks, which will be determined by them.” He said the bank, “it was to determine the sale price of banks on the basis of cost and out of Baghdad International Airport plus Downloads administrative 1% of the cost to be the price per minted from this category by 720 000 dinars.
“The Central Bank, in January 2014, its intention to sell gold different weights for those wishing to purchase it from the citizens, adding that he began contracting procedures for imported and then sold through the banking system. The foundations of 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 price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.
“Round Table” Dinar Call!!
“for Dinar News – that MATTERS!!”
from Sunday 11/29
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BGG News Time Chat 1-06-16 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 BGG!!
BGG: BTW – I get asked all the time – why would I post something I don’t COMPLETELY agree with??
BGG: Simple – who am I?? Just because I may or may not agree with “so and so…” doesn’t mean I won’t pass it on… (AND) we have “culled out” those I believe to be legit CON ARTISTS.
diagyAAAE: Is Iraq under Islamic Sharia Law? Are they considered an Islamic Country?
satrib: works for me…thank you
diagyAAAE: Religious Affairs: Do not “sanctity” to borrow from the International Monetary and Iraq is not an Islamic state
Wednesday 6 January 2016 | 19:21 BAGHDAD / .. The head of the Committee of Religious Endowments and Religious Affairs Abdel Azim parliamentary Ajman, Wednesday, borrowing from the International Monetary no “sanctity” the fact that Iraq is not an Islamic state and of government is not based on the “Caliphate”.
He said Ajman’s “Eye Iraq News” that “borrowing and usury is forbidden in Islamic law, but the situation in Iraq and the conditions experienced by the economic higher interest require the borrowing of some countries,” noting that “Iraq does not deal with an Islamic state, so there is a violation of the proceeded through borrowing Including”.
diagyAAAE: He said “there are international laws and the Iraq applied even if violated Islamic law, the fact that the supreme interest and the interests of the people requires that governance in Iraq is not an Islamic and succession approach,” stressing that “in the absence of borrowing and not to give the government the salaries of the staff may prompt some employees to different crimes for a living .. In borrowing pays the damage on the Iraqi people. ”
In what was considered a member of the Committee of Religious Endowments and Religious Affairs MP Salim Chockh Yi, a painful Wednesday, Iraq borrow from the International Monetary Fund “violation” of the provisions of Islamic Sharia law.
It announced the World Bank, in (December 18, 2015) agreed to give Iraq a loan of one billion and 200 million dollars to help Baghdad in controlling public finances and improve the efficiency of the energy sector and offset the decline in oil prices and the escalating costs of security conditions.
diagyAAAE: aynaliraqnews.com
BGG: I don’t think that would be accurate… they are heavily “influenced by Islamic teachings” – but generally (and historically) they have been something of a “secularist Muslim country”… what does that mean… not easy to quantify – but they are no Iran.
BGG: and this – generally – is probably good for us…
diagyAAAE: I would have to agree
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Read More: http://www.dinarupdates.com/showthread.php?28201-Bgg-news-1-6-16
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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 | 1270.177 | 1269.542 |
| British pound | GBP | 1733.876 | 1733.009 |
| Canadian dollar | CAD | 844.708 | 844.286 |
| Swiss franc | CHF | 1170.297 | 1169.712 |
| Swedish krona | SEK | 138.868 | 138.798 |
| Norwegian krone | NOK | 132.476 | 132.409 |
| Danish krone | DKK | 170.253 | 170.168 |
| Japanese yen | JPY | 9.890 | 9.885 |
| Special Drawing Rights |
SDR | 1630.640 | 1629.825 |