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Iraqi Dinar/Dollar auction (most recent listing) 05-16-16
Currency Auctions Announcement No. 3199
This daily currency auction was held in the Central Bank of Iraq on the 05-16-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 126,346,187 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 126,346,187 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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One man with courage makes a majority. – Andrew Jackson
*** Current News ***
Political blocs agree on holding a comprehensive session of parliament this week
Roudao – Erbil – Ended meeting of heads of political blocs and committees for security and finance two cases, on Sunday, headed by Parliament Speaker Salim al – Jubouri.
The conferees issued a statement saying, calling for “political forces decisively position within a short period and participation session of parliament in favor of the disabled people’s issues for some time.”
The meeting agreed to hold a comprehensive meeting of the House of Representatives this week, it was also decided to form a committee of the political blocs of understanding with the parties that refused to attend parliament sessions and dialogue with them to reach a unified and harmonious vision conducive to holding a unified and comprehensive session.
The statement added, is during this session to extend the legislative term, given the state of the country and to initiate the implementation of comprehensive reforms and to pay particular attention to accomplish the basic legislation.
The statement called, parliamentary committees to resume their daily work, particularly “committees, defense and financial security and the economy” and Bhoudo Executive relevant authorities, and accelerate to take the executive and legislative actions that contribute to overcome the current economic and financial crisis and questioning the security chiefs or military, for negligence in the recent security breaches.
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A statement issued by the Presidency of the Council of Representatives
Given the state of the country of exceptional crises critical, is the security and financial conditions, etc., and the interest of the higher interests of the country and to ensure the achievement of full victory over the common enemy “Daash” In order to overcome the current parliamentary crisis, met the board of the Presidency of the Council of Representatives with the heads of political blocs on Sunday, in the presence committees of security and defense, finance and the economy has taken a number of recommendations including:
1. Concern for the democratic and political process of the project in the country through the early holding of a comprehensive meeting of the House of Representatives this week.
2. The formation of a committee of political forces to create and prepare the proper conditions for the meeting to meet various parliamentary parties and dialogue with them to reach a unified and harmonious vision conducive to holding a unified and comprehensive session.
3. During this meeting, the extension of the legislative term, given the state of the country and to initiate the implementation of comprehensive reforms and to pay particular attention to accomplish the basic legislation.
4. Invite parliamentary committees to resume their daily work, particularly “committees, defense and financial security and the economy” and Bhoudo Executive relevant authorities, and accelerate to take the executive and legislative actions that contribute to overcome the current economic and financial crisis and questioning the security chiefs or military, for negligence in the recent security breaches.
5. Require all political forces decisively position within a short period and participation session of parliament in favor of the disabled people’s issues for some time.
6. The participants stressed that every member of the House members bear a historic responsibility to save the country from deterioration, and that the constitutional and legal duties to the fullest, and that goes on in the presence of the upcoming session, Iraq is going through a critical juncture threatens the security and stability of all aspects of the joints of the country, it is necessary to initiate urgent every what serves the interests of the people and accelerate the implementation of the desired reforms of the cabinet reshuffle and the sacking of corrupt and accounting.
7. The participants confirmed that the blood of the martyrs and the mixing is the unity of Iraqis title which is why we have to take responsibility and our presence in the parliament is the only place the crossing of democracy and sense the foundation for understanding and unite and leave the conflicts and avoids the imposition of conditions and dictations for the advancement of the real demands of the people.
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Millionday (Dinar Guru) – Article quotes: “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 World Bank Central.” “to resume negotiations with the International Monetary Fund to seal the Stand -By agreement…” THIS IS A FORMAL MEETING WITH IRAQ AND THE IMF… INTERNATIONAL MONETARY FUND. NOTE == TO SEAL THE AGREEMENT. [post 1 of 2….stay tuned]
Read More: http://www.dinarupdates.com/observer/
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The resumption of negotiations between Baghdad and the International Monetary to secure financial support for Iraq
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Millionday (Dinar Guru) – THIS IS TO ENSURE THE CREDIT RATING FOR INVESTORS AND ALSO THE MOVE TO ACTIVATE THE STANDBY AGREEMENT AND MAKE IT REALITY. THIS IS A HURRIED EVENT TO MOVE FORWARD WITH NOT ONLY THE ECONOMIC REFORM BUT ALSO TRADE == HENCE THE CUSTOMS AND TARIFF...IT LOOKS TO ME AS THOUGH THEY ARE MOVING FORWARD WITH THE ECONOMIC REFORM AND…OPENING THE BORDERS FOR INVESTORS == DOES THIS MEAN TODAY? WE DONT KNOW… BUT THIS IS HUGE HUGE HUGE. [post 2 of 2]
Read More: http://www.dinarupdates.com/observer/
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Abadi: The government has planned a strategy to face the economic challenge
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rcookie (Dinar Guru) – Article quote: “… Finance Minister Hoshyar Zebari said on Saturday, a large economic delegation to negotiate with the International Monetary Fund in the Jordanian capital Amman…“ …NEWS OF ZEBARI ARRIVING IN AHMAN FOR IMF MEETINGS TO FINALIZE DETAILS OF SBA (STAND BY AGREEMENT) ALONG WITH SALEH…OIL & ELECTRICITY MINISTERS…PLANNING MINISTER… FINANCIAL CONTROL BOARD… CUSTOMS…TAXES & RETIREMENT EXPERTS…FINANCE MINISTRY AND CBI OFFICIALS…THE ARRANGEMENT FOR $15 BILLION OVER 3 YEARS…AND 6.4 BILLION SIGNED FOR BY ZEBARI FOR 2016…RELEASED IN JUNE…AND CONCLUDES BY CLEARLY OUTLINING THE FUNDS OVERVIEW OF RESERVE USE TO REFLECT EXACTLY WHAT IS OUTLINED IN IMF LOI/MEFP/TECH MOU…WHICH ENDS 2016 WITH $43 BILLION RESERVE LEVEL…NO CONSPIRACY… NO SKY IS FALLING…NO SURPRISES…SIMPLY ARRIVING AT EXACTLY WHERE THEY PLANNED FOR THEM TO BE…EXACTLY.
Read More: http://www.dinarupdates.com/observer/
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Abadi office: the presence of agents of the meetings of the Council of Ministers is not for the purposes of voting and quorum
It attributed the Information Office of the Prime Minister Haider al-Abadi, Sunday, the presence of deputy ministers to cabinet meetings to “draw on their opinions” about the topics on the agenda, denying that for the purposes of the vote or quorum.
rcookie: ABADI ASSERTS COM MEETING FOR DISCUSSION OF AGENDA TOPICS…NOT FOR QUORUM OR VOTING…
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http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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RCookie: HERE IS NEWS RECAP FOR TODAY (Sun 5/16)….
IN PARLIAMENT – COUNCIL OF REPRESENTATIVE PRESIDENT MEETS WITH BLOC HEADS & PARLIAMENT COMMITTEES DISCUSS RECENT BOMBINGS……JUBOURI MEETS WITH ECONOMIC COMMITTEE DISCUSS REDUCING BUDGET MECHANISMS…NERCHIRVAN DIRECTS KURDISH DELEGATION RETURN TO BAGHDAD…POLITICAL BLOCS AGREE ON HOLDING COMPREHENSIVE PARLIAMENT SESSION THIS TUESDAY 17TH AND RELEASE STATEMENT WITH 7 RECOMMENDATIONS…FULL QUORUM PARLIAMENT SESSION TUESDAY WITH KURD ATTENDANCE BUT REFORM PARTY NOT ATTENDING PER HILALI…ABADI ATTENDS DAWA PARTY MEETING TO DISCUSS RETURN TO PARLIAMENT…ABADI ASSERTS CoM SESSION FOR AGENDA TOPIC DISCUSSION NOT QUORUM OR VOTING…MASSOUD MEETS WITH MAHMOUD DISCUSS PARLIAMENT AND STATEMENT TO PAY CLOSE ATTENTION TO THIS ISSUE AND EVERY EFFORT FOR FEDERAL COURT TO DECIDE QUICKLY WITH COMPLETE & OBJECTIVE NEUTRALITY PARAMOUNT…
KERRY MEETS WITH KING SALMAN IN SAUDI ARABIA ABOUT SYRIA B& LIBYAN CRISIS…NEW AGREEMENT BETWEEN IRAN & IRAQ TO IMPORT GAS…PYD SEES NO REASON TO KEEP SYKES PICOT AGREEMENT… MALIKI ACCUSES ABADI OF TEARING SHIITE AND NATIONAL ALLIANCE…KUWAIT INVITES IRAN & OIL PRODUCERS TO FREEZE PRODUCTION…JAFAARI & MASSOUD MEET SEPARATELY WITH UN KUBIS DISCUSS SECURITY AND DISPLACED CRISIS & ISF & PESHMERGA SUCCESS…ABADI & MASSOUD MEET DISCUSS 3 FILES.. .UNIFIED PARLIAMENT SESSION..SECURITY ISIS…BAGHDAD BOMBINGS…ABADI OFFICE CALLS ON POLITICAL FORCES PROVIDE ATMOSPHERE FOR RETURN OF PARLIAMENT…TRADE BANK OF IRAQ WINS 2016 INT’L UNION OF ARAB BANKING ACHIEVEMENT OF EXCELLENCE AWARD…AUCTIONS START WEEK AT $126 MILLION…
IMPORTANCE OF INVOLVING PRIVATE SECTOR IN GREATER ECONOMIC POLICY DECISION MAKING ROLE AND MARKET LEADER…DRIVING IRAQI BUSINESS & INVESTMENT ENVIRONMENT IMPROVEMENT…AND ATTRACTING FOREIGN CAPITAL AS WELL AS PUBLIC & PRIVATE SECTOR PARTNERSHIPS….
URGED TO SUPPORT NEW LEGISLATIVE ENVIRONMENT ON REFERENCE TERMS OF ARTICLE 25 OF CONSTITUTION…WITH STRATEGIES & LAWS OF ECONOMIC REFORM AND PRIVATE SECTOR DEVELOPMENT…TO ASSURE ITS ACTIVATION AND LEADERSHIP OF IRAQ’S MARKET IN THE FUTURE…SPEED IMPORTANCE OF PERPETUATING & ACTIVATING PARTNERSHIP & DIALOGUE AND COOPERATION BETWEEN PRIVATE SECTOR & GOV’T TO CONTRIBUTE TO DEVELOPING POLICIES…MECHANISMS & STRATEGIES IMPLEMENTATION AND FOLLOW UP….THIS WILL PROMOTE ADDITIONAL NON-OIL REVENUES TO GDP & BUDGET WHILST PROMOTING MICRO..SMALL..MEDIUM AND LARGE ENTERPRISE AND SUSTAINABLE ECONOMIC DEVELOPMENT….
PRIVATE SECTOR WILL DRIVE CENTRAL INFRASTRUCTURE IN AGRICULTURE…INDUSTRY…COMMERCE…TOURISM…MINERALS…ENERGY & UTILITIES AND ACTIVATE ROLE OF PRIVATE BANKS WITH SOFT LOANS TO PRIVATE SECTOR…INCREASED TAX REVENUES WITH COOPERATION & COORDINATION WITH MINISTRIES OF FINANCIAL INSTITUTIONS…THAT BUILD AN ACCURATE & TRANSPARENT DATA REPORT CREATION AND SUBMISSION…..AGAIN TALKED ABOUT QUALITY PRODUCT STANDARDS AND SPECIALIZED HUMAN RESOURCE TRAINING TOWARD PRIVATE SECTOR…
THIS IS ALMOST AS IF THE IMF WAS HOLDING THE MOVING PEN…AS THIS WAS BEING WRITTEN…..TO THE LETTER!!!….
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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 | 1341.334 | 1340.663 |
| British pound | GBP | 1703.498 | 1702.647 |
| Canadian dollar | CAD | 913.447 | 912.990 |
| Swiss franc | CHF | 1215.549 | 1214.941 |
| Swedish krona | SEK | 143.761 | 143.689 |
| Norwegian krone | NOK | 144.731 | 144.658 |
| Danish krone | DKK | 180.293 | 180.203 |
| Japanese yen | JPY | 10.864 | 10.859 |
| Special Drawing Rights |
SDR | 1667.767 | 1666.933 |