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Iraqi Dinar/Dollar auction (most recent listing) 04-04-16

Currency Auctions Announcement No. 3171

This daily currency auction was held in the Central Bank of Iraq on the 04-04-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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The greatest productive force is human selfishness. – Robert Heinlein

*** Current News ***

Mohammed Tawfiq Allawi replied to a message Keywords Section II

Orbit news – Sadun this topic quite frankly , and I will to Anjazatkma both of you and Akhvaqatkma without courtesy, so I ask again from both of you handle a spirit of sportsmanship with what I will say in order to reach the correct foundations for planning policy of economic sound to avoid the negative effects of what will face the country’s difficult economic conditions due to lack of resources and the large number of obligations at this difficult stage for the advancement of the country and save the citizens of the great suffering seemed to highlight her features,

but policies that can revive the lives of citizens and make them live in Raghad live, happiness and prosperity mode, and make the country heading towards progress, development and prosperity, and that not so long ago, nations of the region , such as Jordan, Lebanon and Turkey highlight the progress and development milestones and prosperity with the knowledge that these countries do not have their governments tenth of what Iraq possessed of natural resources such as Turkey , for example , but less than one percent of the natural resources to Iraq possessed for what is owned by Jordan and Lebanon, all of that is due to the situation economic and monetary policies of the right of a country without waste or corruption or wasteful, and even though he found some corruption can be compared to what is happening in Iraq is not. (Monetary policy to Dr. Shabibi) great credit for many aspects of the development is due in the Iraqi banking system and monetary policy in the current day to Dr. Shabibi with failures must be addressed and taken up below.

The biggest accomplishment of Dr. Shabibi is to create a sophisticated banking system , I can say from scratch for the economic system is free with the field open to a group of private banks and currency exchange freely and freedom of conversion and the opening credits, clearing the electronic part of an open market compared to the regime banking Central Socialist past, I’ve consisted of monetary policy developed by Dr. Shabibi six axes task will be described below, namely:

1. to maintain the fixed price of the currency compared to the previous stage , which was the currency in which deteriorate its value day after day without the presence of selectors, has proved to currency rate by asymptotic for 1500 dinars to the dollar a year (2003) after it was nearly 3,000 dinars per dollar and remained that price steady until the year (2006), where he was raising the price of the dinar gradually until the dollar stood at less than 1200, it has been to this boarding second Iraqi dinar negative effects on the industry and agriculture in Iraq, hauling agricultural and industrial products to neighboring countries cheaper than their counterparts in Iraq, I spoke with Dr. Shabibi this regard he answered me that he is responsible for monetary policy, and the consequences of the advancement of the industrial and agricultural sector kits is located within the economic policy of the country and not in the monetary policy, and economic policy of the country should be placed by the government, not there is the presence in Iraq of the concept of economic policy of the country during the previous period, particularly the eight years of the rule of al – Maliki , and even now, even raise the value of the dinar was under the guidance of the government to the Central Bank without studying or planning or estimate of the results, you may accept this justification in part, but also it is known that monetary policy coherent economic and financial policy, and the negative impact on the agricultural and industrial monetary and economic policies axioms sector, and this point is calculated on the government , which took the action, and I was part of the government objected at the time to this procedure, but (not the opinion of those who not obeyed) where I was the minister of communications and does not take my opinion on the side of monetary policy, but with this succeeds Dr. Shabibi in maintaining the price of the Iraqi dinar, and increased local and international confidence in Iraqi dinars, and these are all positive aspects of not conducting revaluation of the exchange rate of the dinar in 2006 – 2007 which the government bears the greatest responsibility for this procedure as well as the responsibility of Dr. Shabibi, but to a lesser degree.

2. take a policy to find and secure the central bank reserve cover of Iraqi currency from foreign gold coins and maintain it, Dr. Shabibi have been able to provide the amount of eighty exceeded billion dollars as a reserve cover of the Iraqi dinar during the nine years of his central bank management, and this is one of the most important achievements of Dr. Sinan Shabibi at all, it was unfortunately wasted nearly half that amount because of ill – conceived policies during the previous two years.

3. take the necessary measures for the establishment of an Iraqi civil banking system, where the Iraqi banking sector is dominated by State – owned banks in the absence of domestic banks only on a narrow and limited level, the problem in Iraq is not their lack of expertise in this area, but the lack of capital Iraqi sufficient for the establishment of community banks, it was a political Dr. Sinan lack of demand , starting with a large capital for the establishment of the bank, and the Central bank with the help of private banks to advance and make a profit by raising bank interest rate and created dozens of new private banks, but do not take these steps because it is possible the emergence of Iraqi banks ownership Iraqi, but it was natural that the branches in Iraq to banks , non – Iraqi arise, and thanks to Dr. Shabibi, Moreover, the policy has led to the generation of the confidence of the Iraqi banks and the civil people began deposit their money where the benefits of a high and they are confident of them during his reign.

4. maintaining a uniform discharge between the official rate of discharge of the Central Bank and the rate of discharge parallel currency market outside of the central bank with a simple commission teams calculated naturally to the bank rate as in the various countries of the world, Dr. Sinan’ve managed to keep this fact since he took responsibility in 2003 until mid-2011 as demand increased abnormally on the dollar because of the blockade imposed on Iran because of the bloody events in Syria, it has been required from the central bank ‘s management that the dollar offer by market need, lest utilized speculators and those who have the power of politicians and pay high bribes to get a greater proportion of dollars to be discharged into the parallel price outside the central bank big profits, and these profits are calculated on the expense of the citizen, he bought the corrupt politicians and is calculated on them dollars at a few of the central bank, then sell it a high price in the parallel currency market, and traders are buying at a high price , credited the difference on various imported materials, Vistvid politicians is going on in Vllekem at the expense of the citizen, he told me Dr. Sinan there are recommendations by some decision – makers working in a bank that does not increase the offer but asked me not to mention their names, and I am committed to his application does not remind them , but Dr. Sinan had wanted to cancel this difference Viouhd price again, but grew up within a few months enriched category tremendously because of this difference, they sought to overthrow Dr. Sinan and take it out of the bank, and it was al – Maliki wants him out because he did not respond to him on the loan requested from the reserve the central bank, Vajtmat the desire of the two teams and fabricated false charges against Dr. Shabibi was acquitted later, the absence of two prices to the dollar , at least during the period of eight years and is considered a major feature distinct achievement of the policy of Dr. Shabibi.

5. control inflation (Inflation) , where inflation has reached more than 33% in 2006, and managed by Dr. Sinan his policy wise decline of inflation to less than 3% in 1010.

6. The role of follow – up and implementation of the decisions of the Paris Club, the Paris Club has achieved the greatest economic and financial achievement for Iraq during its modern history, where Iraq was under a great burden of debt amounted to about 140 billion dollars, triple’ve managed to Dr. Iyad Allawi as prime minister , and Adel Abdul Mahdi as finance minister , and Dr. Shabibi as governor of the Central Bank interact with many of the countries that they have expensive debt against Iraq to the waiver by about 80% of that debt, which they were able to provide the amount of more than 100 billion dollars, unfortunately remember now grand theft, but are not the major achievements which are equivalent to thefts in importance addressed, but perversely, it is true that the role of Dr. Shabibi was not politically where the political role of the biggest act in the drop this amount of large debts of Iraq , represented by Dr. Iyad Allawi , primarily Dr. Adel Abdul – Mahdi class The second and then Dr. Shabibi follower and CEO of these decisions, should the Iraqi people do not forget what we achieved this trio of very great service to the country and citizens, which is the opposite of what politicians Subsequent steal money from this underdog people.

Article Link

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Biographies of personalities nominated for encouraging Astmas

Tariq Harb – What it was published by several media on 02/04/2016 from the translations of the personalities nominated by the PM, and presented to the parliament, 30.03.2016 M. Day, was encouraging translations of what has been its requirement constitutionally and realistic of the fact that the Minister of the future, must have a prescription technocrats, the three pillars, namely experience and competence, skill first, honesty, integrity and chastity Secondly, independence, professionalism and impartiality Third…

Posted in our Private FaceBook group – courtesy MadDScout

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“for Dinar News – that MATTERS!!”
03/22 – @ 5:30PM CST

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wmawhite – …the Kurds wanted 20% of the new cabinet (GOI) positions. PM Abadi’s list had the Kurds filling 2 positions…the Kurds ALWAYS never agree to anything until after the deadline has passed.   P.S…20% of 16 ministers is 3.2…IMO, Abadi knew this was coming and it will be a process that he (Abadi) is extremely good at doing.
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Millionday – Article quotes:  “The Iraqi Parliament officially opened, yesterday, all doors for international relief to help rehabilitate and reconstruct infrastructure of cities liberated from Daesh’s upper-hand.”  “The cabinet voted a few days before UN Secretary General Ban Kimoon, President of the World Bank Jim Yong Kim and President of the Islamic Development Bank Ahmed Mohammed Ali had paid a visit to Iraq. The bank leaders announced granting 250 million dollars in financial aid for reinstating stability in freed zones.” THE WORLD BANK>>>THE UN >>>THE IMF HAS MET WITH PARLIAMENT ACCORDING TO REPORTS.  THIS IS THE ANNOUNCEMENT FOR PROJECTS OF INFRASTRUCTURE AND REBUILD — THIS IS MASSIVE — THE REBUILD BEING FUNDED — FINALLY… GLOBAL HUMNITARIAN HELP FOR REBUILD… SO OBVIOUSLY A HUGE ANNOUNCEMENT TO SAY THE LEAST…WHOOOPOW.
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12 formations representing the private sector , calling the Iraqi Economic Forum

Long-Presse / Baghdad – Announced 12 formations representing the private sector, on Monday, the launch of the Iraqi Economic Forum, and while they called to end the “monopoly” government of all kinds to allow the investment to enter into new projects, urged the parliament on the need to enact a law framed the Forum’s work to exercise its role “national in the service.” Iraqi society.

Participants said the establishment of the Forum in their final statement, which announced the presence of the Iraqi ambassador to the Kingdom of Jordan, Safiya al-Suhail, the Iraqi figures and parliamentary government, and received a (long-Presse) a copy of it, that “links and public unions and organizations gathered in Amman, Jordan, for two days to launch Economic Forum Iraqi official “, stressing” denounce terrorism suffered by Iraq and the region in general. “

He called on the participants, the Iraqi government to “accelerate the reconstruction of areas affected by terrorism in preparation for the return of displaced persons to their homes,” and urged the need to “representation and involvement in the economic reform task state commissions process and the preparation of public budgets Foreign Visits to the President and the government, related to economic affairs.”

He stressed Economic Forum of Iraq, “to adopt a national program to support women and to find investment opportunities for women, and the establishment of a supreme body to oversee the restructuring of state enterprises and turn them into effective facilities trump card in partnership with the private sector, to reduce the operational burden on the budget, and to improve the living conditions of the Iraqi people.” .

The participants felt the forum, the importance of “ending the government monopoly of all kinds and in all areas to allow the investment to enter into new projects,” and urged the parliament on the need to “enact a law framed the Forum’s work to exercise its national role in the Iraqi community service.”

The participants agreed to hold the founding conference of the forum later in Baghdad, under the auspices of the Iraqi government.

And saw the closing session of the forum, which was held yesterday evening, speeches, including one of Iraq’s ambassador to Jordan, and the other head of the parliamentary economy and investment, Jawad al-Bolani.

And signed the final declaration of the World Economic Forum Iraq’s 12 council or a union or association, the Association of Iraqi private banks, the Iraqi Jordanian Business Council, the Iraqi National Business Council, the Iraqi Business Council in Abu Dhabi, and the Iraqi Council of Lebanese businessman, Iraqi Business Council, federations of chambers of commerce and industries Iraqi and Iraqi contractors and Iraqi businessmen and farm associations.

The authorities Iraqi participation forum was held during the past two days, a consultative and organizational meeting called by the Iraqi Business Council in Amman, at the invitation of the Iraqi Business Council in Jordan.

Read More: http://www.dinarupdates.com/showthread.php?32920-12-formations-representing-the-private-sector-calling-the-Iraqi-Economic-Forum-4-4
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Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

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Indicative rates – 04.04.2015

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