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Iraqi Dinar/Dollar auction (most recent listing) 03-29-16
Currency Auctions Announcement No. 3164
This daily currency auction was held in the Central Bank of Iraq on the 03-29-2016
The results were as follows:
DETAILS | NOTES |
Number of banks | 25 |
Number of remittance companies | 18 |
Auction price selling dinar / US$ | 1182 |
Auction price buying dinar / US$ | —– |
Amount sold at auction price (US$) | 80,514,348 |
Amount purchased at Auction price (US$) | —– |
Total offers for buying (US$) | 80,514,348 |
Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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For every complex problem there is an answer that is clear, simple, and wrong. – H. L. Mencken
*** Current News ***
Prosecuting Maliki will Solve the Crisis in Iraq: Kurdish MP
Maliki is responsible for the fall of Mosul as well as the Speicher massacre, Adil Nouri says
BAGHDAD — A Kurdish member of the Iraqi parliament has sent a letter to the Iraqi prime minister stating that prosecuting Nouri al-Maliki, the former Iraqi prime minister, will lead to solving the crises in Iraq.
Adil Nouri, the Iraqi MP, has stated in a letter he has sent to Haidar al-Abadi, that Nouri al-Maliki is responsible for the fall of Mosul into the hands of the Islamic State (IS) militants.
“We have solved and prepared the case, and you need to send the case to the court for trial,” reads the letter.
The Iraqi MP believes that Maliki is accountable for the camp Speicher massacre in Tikrit on June 12 2014 where IS killed at least 1,700 Iraqi air force cadets. Maliki is being blamed for the disappearance of $500 billion as well.
Arresting and prosecuting Maliki for corruption and other crimes will put an end to corruption in Iraq, the letter added.
Read More: http://www.basnews.com/index.php/en/news/iraq/266434
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rcookie – IN ADDITION TO THE IMF METAC WORKSHOP IRAQ IS ALREADY PARTICIPATING IN TITLED…”INVESTMENT POLICY & PROMOTION” FROM MARCH 20-24…THEY WILL BE STARTING ANOTHER WORKSHOP ON MARCH 27-31 TITLED “ENHANCING PUBLIC SECTOR PERFORMANCE INCLUDING DELIVERY UNITS”…AND…YET ANOTHER IMF METAC WORKSHOP…TITLED TAX ADMINISTRATION DIAGNOSTIC ASSESSMENT TOOL (TADAT) IN LEBABOB FROM MARCH 21-23…DEVELOPED BY IMF AND SOME OF ITS DEVELOPMENT PARTNER ORGANIZATIONS…THE CONTENT OF THESE KINDS OF WORKSHOPS IS MASSIVE IN CONSIDERATION AND RELATIVE TO WTO ACCESSION AND (GATT) PROCESS APPLICATION…HUGE…HUGE…HUGE…
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rcookie – YESTERDAY IRAQ & IRAN SIGN MOU TOWARD BANKING COOPERATION…AND ROUHANI [PRES. OF IRAN]…PART OF WEEKEND POW WOW THAT ALREADY INCLUDES LEGARDE…MOON… AND KIM…HMMMMMMM.
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SteveI – The new parliament seems to be in place now and all has agreed, but still waiting for the final vote to make it official. As you can see, there is some major steps in change for the better and the new Iraq will be announced in short time. With many important people attending this major meeting this weekend, something really big is happening. Will it be what we are looking for? Probably not, but at a minimum it surely must be leading up to it or something significant in the near future. Based on what I have read and reading, Iraq is pushing very hard to officially enter into the global market with a new value attached to their currency. This is pretty much a given, but watching them accomplish this is sure confusing and complicated. After one mile stone reached there seems to be another one ahead. One would think that the end is sure near. [post 2 of 2]
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“Round Table” Dinar Call!!
“for Dinar News – that MATTERS!!”
03/22 – @ 5:30PM CST
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SteveI – I received some information from a couple contacts regarding the current news...The main focus was this past week some very strange things happening on the ISX. I guess the ISX was down for some time and when it came backup most of the numbers did not make sense. There seem to be some major trading by only a few companies. Also it was brought to my attention that most of the Iraqi bond purchases were to banks. This is very positive because banks have to have a minimum asset reserve to be able to participate in a global exchange of their currency (this was what several told me…). Another mention on the CBI site was the lack of some of the denominations that used to be listed. This is all looking very positive. Security seems to be getting under control. This came directly from someone in Iraq and is close to the action. ISIS is still a factor but not anywhere near what it was. I was also told that some major house cleaning regarding hundred of arrest warrants and many officials have already fled the country.
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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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The Association of banks calling for the representation of civil society organizations and the private sector to Government technocrats
Baghdad – The Association called on private banks, to represent civil society organizations and the private sector in Government technocrats expected commensurate with the size and role of “influencer” in society, warned the possible impact of conflicts and “fierce” bidding to acquire the Ministerial seats in the dimensions of public and private sector representatives on the new cab and stop them from taking their turn to save the Iraqi economy and addressing “financial deterioration that threatens State and society”.
The Association said in a statement the depositary of bitter melon (range), it is “necessary to represent civil society organizations and the private sector in the Government formed by technocrats semen commensurate with their size and their role in moving society”, expressing his concern “attempts to marginalize these key sectors through the active participation in the management of State and society, deprived of their natural right to contribute to decision-making.
Bitter melon, warned of the potential effect of conflicts currently raging and auctions for ministerial seats under cover of technocrats, in dimensions of private sector and civil society organizations and prevent them from taking their role as complementary to State institutions and supportive of their efforts. ”
The head of the Association of private banks, “a good number of those working in civil society organizations and the private sector who have practical experience and academic qualifications entitling them to bring in technocrats entitlement”, “topic deserves attention as it represents a national duty to rescue the economy, which, in order to combine efforts with the next Government to address the financial deterioration threatens State and society”.
A political source was early detection, Saturday (26 March 2016), Prime Minister Haidar Al-Abbadi decided to postpone the presentation of Government technocrats for two days, while attributing the reason to delay some political blocs in offering candidates schedule Saturday and Prime Minister Haidar Al-Abbadi, Iraqi on Saturday (26 March 2016), hoped that the announcement of the new cabinet soon, and confirmed the continuation of work on the understanding with the other political blocs, except the new Government “a small part of a large correctional system include Fight and fight corruption, “accused some” do not want to see reforms and try to cover it. ”
Read More: http://www.dinarupdates.com/showthread.php?32554-Banks-Assc-call-for-representation-civil-society-org-amp-private-sector-Gov-technocrats&p=148925#post148925
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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 | —– | —– |
British pound | GBP | —– | —– |
Canadian dollar | CAD | 896.541 | 896.093 |
Swiss franc | CHF | 1210.074 | 1209.469 |
Swedish krona | SEK | —– | —– |
Norwegian krone | NOK | —– | —– |
Danish krone | DKK | —– | —– |
Japanese yen | JPY | 10.414 | 10.409 |
Special Drawing Rights |
SDR | 1653.736 | 1652.909 |