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Mrs. BGG
Iraqi Dinar/Dollar auction (most recent listing) 05-12-16
Currency Auctions Announcement No. 3197
This daily currency auction was held in the Central Bank of Iraq on the 05-12-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 19 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 144,348,479 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 144,348,479 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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If ever there was a holy war, it was that which saved our liberties and gave us independence. – Thomas Jefferson
*** Current News ***
rcookie – SO…TURKI …CHAIRMAN OF THE IRAQ FUND FOR RECONSTRUCTION…MET FOR 3 DAYS WITH WORLS BANK PRESIDENT FRED BELHADJ IN LEBANON…TO DISCUSS EXPANDING THE RECONSTRUCTION COVERAGE OF AFFECTED AREAS TO INCLUDE RECENTLY LIBERATED AREAS…..AND POSSIBILITY OF EXPANDING THE AMOUNT OF THE LOANS….PROJECT DETAILS…AND COORDINATION WITH ENTIRE WORLD BANK TEAM….WITH 4 COMMITTEES FOR FOLLOW UP STUDY PLANS TO BE DISCUSSED THIS WEEK (18TH) IN JORDAN…..FOR PROJECT BIDS SUBMITTED TO PREPARATORY COMMITTEE…..
A government delegation arrives in Amman and meet with International Monetary Fund
Iraqi government delegation headed by Finance Minister Hoshyar Zebari arrived here Saturday for the capital of Amman , Jordan , to resume negotiations with the International Monetary Fund to secure the country , which is suffering from an economic crisis caused by falling oil prices in global markets financial support.
The delegation headed by Zebari , both the Governor of the Central Bank Economic Adviser to the President Council of Ministers and senior ministries of oil and electricity, planning and BSA officials as well as public bodies of Customs, taxes and retirement, experts and the Ministry of Finance and the Central Bank, according to a statement issued by the Ministry of Finance.
according to the statement , which responded to the twilight News, said that this visit comes to resume negotiations with the international Monetary Fund in order to Abram prepare the credit agreement , which will provide Iraq with financial support to enable it to overcome the financial crisis and reduce the gap in the budget so as to enhance economic and financial system of the country ‘s reform process.
the statement added that the first session was held this morning with the experts of the Fund, adding that he was reviewing the technical aspects of the agreement and opposite obligations of both sides.
The statement continued that the negotiations will continue until the date of May 18, 2016, explaining that he hoped that the termination of these arrangements during this period.
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Looking government delegation in Amman with the IMF to obtain a credit rating for Iraq
Economy News / Continue … Finance Minister Hoshyar Zebari arrived on Saturday, the Jordanian capital, Amman, on top of a large government delegation that included the governor of the central bank and adviser Economic Prime Minister and senior ministries of oil and electricity, planning officials and BSA as well as public bodies for Customs, taxes and retirement, experts and the Ministry of Finance and the Central Bank.
A statement by the Ministry of Finance, “Economy News” received a copy of it, said the visit “to resume negotiations with the International Monetary Fund to seal the Stand-By agreement, which will provide Iraq with financial support to enable it to overcome the financial crisis and reduce the gap in the budget so as to enhance the process of economic and financial system reform in the country. ”
“The first session was held this morning with the IMF experts were reviewing the technical aspects of the agreement and the obligations of the two sides opposite.”
The statement pointed out that “the negotiations will continue until Wednesday, and it is hoped that the termination of these arrangements during this period.”
The International Monetary Fund has told Iraq the need to edit the budget for fiscal 2016 bill to be reduced in order to hopefully disbursement of the loan over the next few days.
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rcookie (Dinar Guru) – Article: “Presidency of the Council of Representatives calling for a special meeting on Sunday” NEWS IS LOOKING POSITIVE…TOWARD GETTING PARLIAMENT BACK WORKING…JABOURI IS CALLING POLITICAL BLOC HEADS FOR SPECIAL MEETING ON SUNDAY…WITH SECURITY BEING DRIVING ISSUE…AND THEY ARE EXPECTING AT LEAST 1 OF THE NOW 6 APPEAL CASES BEING HEARD IN FRONT OF FEDERAL COURT ON SUNDAY AS WELL...BARZANI STATES “I FIND IT NECESSARY TO RETURN TO HOR IRAQI PARLIAMENT“…BE PART OF IRAQ…NOT BE CUT OFF FROM POLITICAL PROCESS…ENCOURAGING! …REMEMBER THE IMF MEETING NEXT WEEK IS A BACKDROP…JUST HANGING OVER EVERYONES HEAD…WHICH IS WHY THIS IS HAPPENING… ZEBARI AND JONES (WHO IS STILL ACTING IN CAPACITY AS AMBASSADOR) …MEETING IN PREPARATION FOR IMF NEGOTIATIONS NEXT WEEK IN JORDAN.
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U.S. official: ISIS declares state of emergency in self-declared capital
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BGG (Dinar Guru) – Article: “Hilali: Federal Court will decide the legitimacy of Sunday’s vote on the ministerial meeting of cabin” LET ME BE CLEAR…the Iraq Parliament HAS NOT VOTED on the full, NEW, TECHNOCRAT CABINET…there have been ONLY 6 approved and voted on… in fact, even these six are being contested by the “sitters” in Parliament and this case is reportedly being heard on Sunday. (according to NEWS REPORTS) … The full Technocrat cabinet that Abadi wants – HAS NOT BEEN VOTED ON. Will it – soon… probably. NOT YET. Will all these things happen… IMHO – probably… and it’s coming. It’s NOT DONE!!
Read More: http://www.dinarupdates.com/observer/
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Zebari heads a large economic delegation to Amman to negotiate to overcome the financial crisis
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tlm724 (Dinar Guru) – Article: “The board chairman of the parliament calling for a special meeting to discuss the security situation next Sunday” Quote: “the IMF has told Iraq the need to edit the budget law to be reduced in order to hopefully disbursement of the loan during the coming period, and because the government treasury is unable to pay the salaries and benefits of the people without access to this loan it has become necessary to take legislative action legal and necessary for this matter.” they have to fix their differences and correct their path IF they want the money, period!
Read More: http://www.dinarupdates.com/observer/
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An emergency meeting of the three presidencies and the leaders of the political blocs on Sunday
/ balances News /, the three presidencies will hold an emergency meeting on Sunday to break the decision was aimed at resolving the political crisis and the resumption of Parliament to hold its meetings.
And it made three presidencies invitations to the leaders of political blocs in order to attend the consultation and agreement on matters relating to the political process in the current period.
He said a senior political source / balances News /, that “three presidencies will be holding a comprehensive emergency parliament session attended by all the political blocs to agree on a stroll things political process and not disabled because the challenges are greater and because Iraq is passing through a critical Bdharv.”
The source added, “The things that security and economic related to the stability of the political situation in the country, notably the World Bank Iraq will not give the allocated loan in the case of the survival of the political situation on what he and instability will forward without granting Iraq the loans”
Read More: http://www.dinarupdates.com/showthread.php?34434-An-emergency-meeting-of-three-presidencies-and-the-leaders-of-political-blocc-Sunday
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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
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Parliamentary economy: IMF loans conditional on Administrative and fiscal reforms
Special – The parliamentary economy Committee member confirmed Najib, a brilliant Thursday that IMF loans conditional on Administrative and fiscal reforms.
Najib said l/balance “news/IMF loans will be given to Iraq within three years, a sign that” loans conditional on Administrative and fiscal reforms. ”
She added, “the reconstruction of the regions affected by terrorism from the priorities of these loans.”
It is said that economy and Investment Committee member Magda Tamimi revealed, earlier, about Iraq’s debt exceeded over $ 73 billion dollars in debt that includes all the Arabic countries and foreign debts.
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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 | 1348.544 | 1347.870 |
| British pound | GBP | 1704.917 | 1704.064 |
| Canadian dollar | CAD | 920.848 | 920.387 |
| Swiss franc | CHF | 1213.303 | 1212.697 |
| Swedish krona | SEK | 145.162 | 145.090 |
| Norwegian krone | NOK | 144.268 | 144.196 |
| Danish krone | DKK | 181.233 | 181.142 |
| Japanese yen | JPY | 10.861 | 10.856 |
| Special Drawing Rights |
SDR | 1670.603 | 1669.768 |