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 John 5:14 (NKJV
14 Now this is the confidence that we have in Him, that if we ask anything according to His will, He hears us.
Heavenly Father, Thank You for the privilege to come before You by the blood of Jesus! We pray for Your will to be done on earth as it is in Heaven. Thank you that You hear us when we pray 🙂 In Jesus Name, Amen.
Mrs. BGG
Iraqi Dinar/Dollar auction (most recent listing) 01-24-15
Currency Auctions Announcement No. 3121
This daily currency auction was held in the Central Bank of Iraq on the 01-24-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 22 |
| Number of remittance companies | 20 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 164,175,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 164,175,000 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Millionday – “Iraq has signed today a cooperation agreement with the Union of Arab Banks…“ THIS IS A SIGNED AGREEMENT IN ALL ITS FORMALITY IRAQ IS MOVING ECONOMICALLY TO THE INTERNATIONAL MARKET – BANKING IS MOVING AND DEVELOPING – THIS IS SIGNED SEALED AND DELIVERED — FORMAL AGREEMENT. IMO WE ARE VERY CLOSE TO ARTICLE 8 AS A RESULT OF ALL THE ACTUAL ACTION IRAQ IS TAKING. IN ARTICLE 8 THEY CAN MOVE FORWARD WITH MONITORING TO THE INTERNATIONAL MARKET AND TRADE ETC. [do you think Article 8 and a rate change will happen at the exact same time?] I THINK IT IS A RESULT — YES.
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wmawhite – The fact that Iraq Airways/Airline is being opened for foreign investors is proof that the restrictions are moved/being removed.[so they are removing the restrictions so they can have currency exchange?] If you have one you have to have the other. It is the Investment Law that they amended is providing this great change in Iraq. [SO IT COULD BE A TIMING ISSUE?] It is in keeping with what we know…IMF expectations…1st half of 2016. [post 2 of 2]
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wmawhite – What are the two most important items the CBI/GOI must accomplish before there is any change in the value of the IQD? …and are doing? Straight from the IMF…here it is: “The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.“ Now…how do we know for a FACT they are accomplishing these items? Investment proceeds…that is foreign investment…money coming into the country and the ability to leave the country.
[post 1 of 2….stay tuned]
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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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Member of the parliamentary finance Zebari announced the completion of interrogation procedures
He announced the Finance Committee in the House of Representatives member Haitham al-Jubouri, all complete the questioning of Finance Minister Hoshyar Zebari in Parliament proceedings, with detection of 14 submitted a proposal to the Prime Minister Haider al-Abadi recently to resolve the financial crisis that hit the country.
Jubouri said: “I completed the questioning of Finance Minister Hoshyar Zebari procedures and I am now waiting to determine the date by the Presidency of the parliament,” noting that “the interrogation axes include rent homes and private jets, and the contract monopolistic companies Ironing Card since 2007”.
He said al-Jubouri, that “the solution to the current financial crisis lies in the removal of all current ministers, and replaced the ministers of youth and technocrats and experts in the field Achtsasthm,” explaining that he had submitted “during the month of September 14 a proposal to the Prime Minister to resolve the financial crisis, was my answer an official letter that he issued orders bureaucracy in the 10 paragraphs of the proposals, with the remaining paragraphs referred to the Cabinet committees amounting to 540 of the Commission. ”
RCookie & Member Chat 1-24-16 PM
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com!!
jd says: If Iraq spends all of their reserves in the next 3 months,how does that affect the lifting of the 3 zeros and the value of a RVed currency??
jd says: With the price of oil at 23 dollars,Iraq will be at least 50 billion $ short in their budget this year. Im a little worried that if Iraq does not RV soon they will be tapped out??
larrykn says: this is the day the Lord has made let us rejoice in it 🙂
jtank says: amen go reval
larrykn says: yes GO RV
jtank says: jd that is the idea they have to RV
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Read More: http://www.dinarupdates.com/showthread.php?29002-Sunday-January-24-2016
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Mr White Afternoon Chat 1-24-16 PM
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com!!
Wmawhite : What are the two most important items the CBI/GOI must accomplish before there is any change in the value of the IQD? …and are doing?
Straight from the IMF…here it is: “The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.”
Now…how do we know for a FACT they are accomplishing these items?
Investment proceeds…that is foreign investment…money coming into the country and the ability to leave the country.
The fact that Iraq Airways/Airline is being opened for foreign investors is proof that the restrictions are moved/being removed.
Q: [so they are removing the restrictions so they can have currency exchange?]
Wmawhite : If you have one you have to have the other. It is the Investment Law that they amended is providing this great change in Iraq.
Q: [SO IT COULD BE A TIMING ISSUE?]
Wmawhite : It is in keeping with what we know…IMF expectations…1st half of 2016.
~~~
Read More: http://www.dinarupdates.com/showthread.php?29002-Sunday-January-24-2016
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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 | 1287.553 | 1286.909 |
| British pound | GBP | 1668.866 | 1668.031 |
| Canadian dollar | CAD | 829.881 | 829.466 |
| Swiss franc | CHF | 1175.535 | 1174.947 |
| Swedish krona | SEK | 137.801 | 137.732 |
| Norwegian krone | NOK | 132.693 | 132.626 |
| Danish krone | DKK | 172.525 | 172.438 |
| Japanese yen | JPY | 10.081 | 10.076 |
| Special Drawing Rights |
SDR | 1633.063 | 1632.246 |