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…
Psalm 37:4 (NKJV)
4 Delight yourself also in the Lord,
And He shall give you the desires of your heart.
Heavenly Father, Thank You for Your Word! Thank You that You are Faithful and True! We ask You to keep us soft and pliable in Your Hands 🙂 In Jesus Name, Amen.
Mrs. BGG
Iraqi Dinar/Dollar auction (most recent listing) 01-27-15
Currency Auctions Announcement No. 3124
This daily currency auction was held in the Central Bank of Iraq on the 01-27-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 25 |
| Number of remittance companies | 22 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 153,493,843 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 153,493,843 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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What the government is good at is collecting taxes, taking away your freedoms and killing people. It’s not good at much else. – Tom Clancy
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Breitling – …The IMF is not in the position right now, nor do they want to mess with Iraq’s economy or currency. Here’s the math….I’ve got to go back through a lot of papers and research about how I got to that number but if the IMF took control tonight and tried to get their money/investment back they could actually raise the value of the dinar like .27 cents and that’s it. That’s all the management rights they have from the loans that they gave. That’s a default. Iraq is paying the interest on their loans and they can get refinanced if they have to. So there is no handling by the IMF right now. Iraq is not doing anything bad. If the oil market goes down and they have to adjust their budget and they have to change their payments with the IMF…guess what? The IMF is more than happy to do that. They do that all the time…they don’t care…they always adjust. So the IMF would only get involved in Iraq if they default and stop paying and if the IMF did take control they could revalue the currency up to around .26 to .27 cents. Very easy but they are not in that process right now. [Post 2 of 2]
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Breitling – Does the IMF control the situation in Iraq with their currency because of the loan they gave out? So I started doing my research to look at any article that came out…Come to find out there is none. There is nothing out there that says anything…That’s why we go by the numbers. What the IMF can do and the way they’re structured… The IMF gives out loans to emerging economies or economies that are in emergency. Let’s say Iraq’s plan is to get to a buck (that’s true by the way, their plan is to get to $1.17) well the IMF because of the management rights they have because of the loans…if they needed to add value to that currency to get their loan back it’s only a small percentage like 26-27% and even more any country they get involved with it’s almost the same formula they use with every country… [Post 1 of 2 stay tuned for the rest of the IMF and Iraq story…]
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rcookie – Article quote: “Iraq Osama Mahmoud importance of unifying laws and legislation governing economic action, pointing to the importance of linking the Iraqi dinar to the global economy and thus achieve a monetary value to him in front of the world’s currencies…“ THAT REPORT AND STATEMENTS ARE FROM…OSAMA MEHMOUD…THAT IS IRAQS LEAD STOCK MARKET ECONOMIST/STRATEGIST… WHO HAS BEEN VERY VOCAL & POSITIVE IN LAST COUPLE MONTHS…
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wmawhite – [you once stated that IMF says before the 1st half of 2016 we will see economic change…what do you feel is their deadline…] I do not believe there is a deadline for the public to know about. IMO, there are timelines for the CBI/GOI to meet. In fact, the IMF has told us so. Either way, the IMF has their expectations.
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(Please note – we are posting daily News Articles slightly differently now)
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DU Member Chat 1-25-16 PM 1 of 3
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com!!
_firefly_ says: During a meeting with the managing director of the company Rafidain
Minister of Justice stresses the need to support the local industry to overcome the economic crisis 2016-01-24
_firefly_ says: His Excellency the Minister of Justice d. Haider Zamili, the need to support the local industry, as one of the most important ways that contribute to overcome the economic crisis faced by the country.
The minister said that during his meeting with the managing director of the company Mesopotamia for the production of vegetable oils, Ltd. (Muzaffar Jalal), pointing to the importance of the trend to invest and activate the role of the agricultural sector and pro Aa and trade
_firefly_ says: He said Mr. Minister: that the ministry had proposed an amendment to the mechanism for granting large projects loans, through the formation of a joint committee of the Prime Minister and the Ministry of Justice and Finance and the Central Bank,
as well as controls for real estate appraisers for the granting of the loan, noting that cases of corruption in guessing stage caused wasting allocated to loans of public money
wmawhite says to diane1: To answer your question.”how close are we?”…..the IMF told you how close you are.
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Read More: http://www.dinarupdates.com/showthread.php?29040-Monday-January-25-2016
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Executive Director of the stock market calls for the establishment of an independent financial centers in the provinces
BAGHDAD / Karim Jassim al-Tai / .. invited the Executive Director of the Iraqi market for securities Taha Ahmed Abdul Salam to the need for the Iraqi provinces to establish an independent financial centers.
He said Abdul Salam said in a statement singled out by the agency / JD /: that the market expressed his willingness to cooperate and to provide all the support with all Iraqi provinces that want to create an independent financial centers Daha.mbana that the market gave seminars in a number of Iraqi universities, including Basra, Diwaniya and Najaf, and others in order to encourage the creation of investment centers related to the Iraq market for securities.
Abdul Salam urged the Iraqi provinces to create Hakiqin businessmen who contacted Iraq market for securities and go to the Securities Commission for the purpose of obtaining approvals fundamentalism.
He added that the market Sagom support this financial centers through processing technical potentials fact that the Iraqi market is responsible for the dissemination of technical capabilities and communication link between a financial center with Iraq Stock Exchange and that what has been done in the provinces of Arbil and Sulaymaniyah after the establishment of the private sector to establish and brokerage firms have been awarded official licenses for trading.
He said the market carried out the technical connectivity across networks through technical processing programs that facilitate the trading process in the market and currently operates 100%.
He called on the rest of the provinces that want to have a financial center that starts in collaboration with the stock market after Akhiaarham to train cadres of the working people of the province.
He said the market’s goal is employment and employment of the province and to the creation of financial and technical expertise, and funding is from within the province through to configure the headquarters of the financial center is owned by the province and be part of management and employees from within the province and not the king of the Iraq market, adding: We are responsible for Technical linkage and legal procedures that facilitate investors trading in those provinces in the process of the Iraqi market and there will be more than six seconds difference between Baghdad and between any province as it currently holds between Arbil and Sulaymaniyah. / End / 22 /
REPORT COURTESY OF HOLLY 1 !!!
DU Member Chat 1-25-16 PM 2 of 3
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com!!
diane1 says to hermantowncars: for the many years i have been watching and studying this investment the IMF has never made a bold statement where they have clearly said tha IRAQ would enter the global market within the first hallf of 2016. THE IMF SPOKE THIS TIME, not iraq
bigrudy says to diane1: I think June..
hermantowncars says to diane1: I don’t think its a matter of them waiting for Shabibi but rathe Shabibi is waiting in the wings for them. He has the same vision as Abadi so if anything is held up its not by him.
But more likely by those who resisit the coming changes that he and Abadi are bringing with such expertise. The three zeros will not be affected at all until the rate goes to a prelim one to one on the dollar (IMO)
at which time the lower denoms will be in great demand and the large denoms will then be brought to the banks in order to get the lower denoms. The 50k and 100k will be of little use to the public and will be used between banks and corporate trading me think.
quicktolegit96 says: LOOK, DELETION IS OVER TIME, ONCE IT STARTS, THE RATE WILL CHANGE, IT WILL TAKE THEM 2-4 YRS TO COMPLETE, DONT GET FIXATED ON THIS………
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Read More: http://www.dinarupdates.com/showthread.php?29040-Monday-January-25-2016
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from 01/22 – 8:30pm CST
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DU Member Chat 1-25-16 PM 3 of 3
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com!!
rcookie says: Incentives rewarding employees in the customs sector immunized them from financial corruption through accurate system for the distribution of incentives and punishment of corrupt and violators been fulfilled tariff.
Hakim said in the General Budget Law article authorizing ministries and departments not associated with the Ministry and the provinces for services provided by it and raise fees for services that were met fees validity meet their fees,
and the use of the amounts of such fees to strengthen the financial budget or submit to the state treasury as the financial resources of the State (Article 25 of the budget in 2016).
Estimated system and pointed to the possibility of adopting the applicable tax system in a European country as a system of taxes in Iraq, because the system «Estimated» followed our lead to large financial corruption and the theft of tax money, also pointed to the importance of the introduction of the sales tax system immediately (VAT == value added taxVAT)
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Read More: http://www.dinarupdates.com/showthread.php?29040-Monday-January-25-2016
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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 | 1280.933 | 1280.293 |
| British pound | GBP | 1682.577 | 1681.736 |
| Canadian dollar | CAD | 840.563 | 840.143 |
| Swiss franc | CHF | 1163.157 | 1162.575 |
| Swedish krona | SEK | 137.950 | 137.881 |
| Norwegian krone | NOK | 135.036 | 134.969 |
| Danish krone | DKK | 171.655 | 171.569 |
| Japanese yen | JPY | 10.005 | 10.000 |
| Special Drawing Rights |
SDR | 1628.867 | 1628.052 |