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…
Mrs. BGG
Iraqi Dinar/Dollar auction (most recent listing) 06-02-16
Currency Auctions Announcement No. 3212
This daily currency auction was held in the Central Bank of Iraq on the 06-02-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 31 |
| Number of remittance companies | 18 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 133,466,204 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 133,466,204 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
______________________________________________________________
There is always a well-known solution to every human problem — neat, plausible, and wrong. – H.L. Mencken
*** Current News ***
BGG ~ Here’s the deal… This Recent Fed Court decision is big…
sounds like a lot of back and forth (again) – BUT…
It appears as though they are very close to advertising their decision… those speaking for Jubouri had to resort to providing “HARD EVIDENCE” – (because all these DOUCH3 BAGS are ALL LIARS…) and the SJC sounds like it will side with Jubouri.
This is a classic battle between “the sitters” (aka – Maliki sycophants) and the Abadi GOI… The bad guys – who have been at the “trough of corruption” are having a terrible time letting to… JUST LETGO!!
Iraq needs $ 50 billion to install its financial situation and save the economy
Economic adviser to Iraqi Prime Minister revealed the appearance of Mohammed Saleh said that the World Bank and the IMF appreciate the size of the financial distress experienced by Iraq’s $ 50 billion between 2016 and 2019. He explained during a seminar organized by the «Institute for the progress of the development policy», attended by experts and interested, that «access to the international loan is not easy, but requires implementation of a series of measures including informing the International Monetary Fund on the net real exchange for Iraq during 2015».
He added: «Fund discovered after follow-up of the exchange that salaries are exaggerated, as well as inflation in other areas, what he paid and the World Bank to demand from Iraq calculate the price of a barrel of oil set at $ 35 rather than 45, and the export of 3.6 million barrels per day, bringing the deficit to $ 11 billion », adding:« after deleting a lot of other expenses (exaggerated), left $ 6 billion a year, the Fund and the World Bank take care reimbursed ».
Saleh indicated that «the agreement obliges Iraq to issue a Financial Management Act and the introduction of the Integrity Commission as an active player in the independent follow-up process and the adoption of the United Nations document against corruption, accompanied by an amendment of the Central Bank Act restricts the Ministry of Finance of new foundations and the placement of external and internal debt to the audit, since religion internal year amounted to 37 trillion dinars ($ 33.4 billion) ». He stressed that «the International Monetary Fund agreement with the federal government does not refer to allocate a portion of the Kurdistan region, as the Government of the Territory took the initiative to subject its oil exports to a foreign auditor to be submitted to the federal government.»
Saleh pointed out that «the World Bank request from Iraq prepare detailed breakdown of the economic its potential and limited to money and assets available to the state institutions and knowledge of dues Contractors details, accompanied by governance performance of the Ministry of Finance and the restructuring of the bank of good government and Mesopotamia, and the establishment of a deposit insurance, social welfare and the ration card and displaced communities Inc. ».
He said that «the relationship with the World Bank and the IMF began in 2004, and that Iraq is a founding member of the Bank and the Fund since 1944, but the relationship foundered in 1977 after the former Iraqi regime had decided not to provide the Fund data on the Iraqi economy, but relations have returned with regulators to nature after 2003 ».
He pointed out that «relations organized by the UN Security Council which committed Iraq positively engages with the IMF and the World Bank in order to reach the settlement of foreign debt through the Paris Club, which is a binding agreement decision and not an option for Iraq, as the recent stability is part of the regional and international economic stability» .
Saleh indicated that «the agreement with the IMF was very transparent, no secrets or Khvaya in relation to the loan», adding that «Fund is interested in the issue of poverty in Iraq because of the high indicators, which amounted to 23 percent, and the presence of large numbers of displaced people, and the there are four poor people of every 10 people displaced, and the per capita share of GDP due to falling oil prices fell from seven thousand dollars to four thousand, and the unemployment rate rose to 23 percent ».
He added: «We have another problem of entitlements oil companies that get $ 10 for every barrel, regardless of the sale price, and there are accumulated dues back the past two years and the current value of billion dollars a month to meet the production costs and accruals Contractors amounting to 7.6 trillion dinars, and the problem left behind by issuing bond.
He said: «Iraq send a message to the International Monetary Fund» in the 15th of this month «confirming his agreement to the conditions and mechanisms and the framework for fiscal policy, and presented to the Fund’s Board of the end of June the management, if endorsed by the Governing Council is an agreement in force and release the first batch of fund loan that not less than $ 600 million, gets Iraq on the loan in full by 13 push over 36 months, and before each batch Bank reviews the achievements of Iraq than the previous installment, and be allowed to three years for each batch of loan payments and interest rate of 1.5 percent period ».
And display financiers, economists and businessmen who attended the seminar, a number of ideas and observations about the reasons that have brought Iraq to the catastrophic economic results.
Former Planning Minister Mehdi al-Hafez and explained some of the things on this file, and if the cause of the economic downturn loans are not important, or resorting to excessive borrowing. He said: «The conditions that the country is experiencing now is normal and can not come out without the presence of a real sound management and a review of the political and financial management».
He said banking expert Majid picture «external debt amounted to 65.5 billion dollars, including 47 billion for the Gulf States, and the total internal and external loans reached $ 96 billion, including new debt and make up 77 percent of gross domestic product may rise to 100 percent» , stressing that the problem lies in the state administration.
rcookie: WOW!!… HERES A BIGGIE…
rcookie: Iraq needs $ 50 billion to install its financial situation and save the economy
Follow us on twitter @DinarUpdates !!
Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Sunday eve 7:30pm EST
www.DinarUpdates.com – save as favorite!!
RCookie: HERE IS A RECAP OF NEWS…. (from last nite)…
PARLIAMENT
JABOURI EMPHASIZES VINE (ANBAR) SUPPORT & NEED TO INTEGRATE POLITICAL & MILITARY EFFORTS TO END THE CRISIS… MP FOR CITIZEN COALITION CHAWKI STATES HoR IS BASIS FOR IRAQ’S POLITICAL PROCESS AND CALLS ON ALL MP’S TO SUPPORT THE INSTITUTION…PARLIAMENT LEGAL COMMITTEE STATES RULES OF PROCEDURE ALLOW FOR 3 PRESIDENCIES TO CALL EMERGENCY SESSIONS DURING HOLIDAY…KURD ALLIANCE STATES ABADI READY TO RECEIVE DELEGATIONS FROM PROVINCIAL GOV’T TO RESOLVE OUTSTANDING PROBLEMS…PARLIAMENT FINANCE STATES IMF LOANS WILL REVIVE THE IRAQI ECONOMY…NATIONAL ALLIANCE MP “FRANKENCENSE” STATES 40 MPS OF REFORM BLOC MOVING TO JABOURI’S SIDE STATING THEIR SIT IN GLORY DOES NOT CONSTITUTE A POSITIVE IMPACT AND IRAQ IS GOING THROUGH DANGEROUS PHASE OD ECONOMIC AND MILITARY CHALLENGES & EXPRESSED GREAT DESIRE TO RETURN TO NEXT PARLIAMENT SESSION AND CONTINUE REFORM ACTIVITIES…
SECURITY
PENTAGON ANNOUNCES 2 US SOLDIERS WOUNDED IN ERBIL IRAQ & RAQQA SYRIA…MOD OBEIDI STATES EVIDENCE OF ISIS BEGAN FALL APART AND LOSE EVERYTHING…ISF STATES QUICKER FALLUJAH OPERATIONS HINDERED BY PRESENCE OF CIVILIANS…LIFT & BLOW LARGE NUMBERS IED’S THAT IMPEDE FALLUJAH OPERATIONS…HUGE ISIS TUNNEL NETWORK DISCOVERED IN FALLUJAH…COL CHRISTOPHER GARVER APPOINTED SPOKESMAN FOR JOINT TASK FORCE REPLACING WARREN…50 ISIS ELEMENTS KILLED IN ATTACK SOUTH OF MOSUL..ANBAR SECURITY ISSUES STATEMENT THAT IRAQI NATIONAL FLAG WILL BE RAISED IN CENTER FALLUJAH WITH IN NEXT FEW DAYS…VICE STATES THE US IMPOSED TOUGH CONDITIONS ON IRAQ IN MILITARY AGREEMENTS…ISF AIR RAID CONFIRM KILLING OF SENIOR ISIS LEADERS INCLUDE WAR MINSTER AND $6 BILLION CASH HOLDINGS IN QAIM…ISF ARMY AVIATION COMMANDER STATES ALL AXES TO FALLUJAH CORDONED OF AND CONDUCT 560 SORTIES…JABOURI VISITS JOINT OPERATION COMMAND & FIELD COMMANDERS CENTER IN FALLUJAH…PESHMERGA TROOPS CLEAR MORE THAN 40 SQ MILES OF TERRITORY OUTSIDE OF MOSUL…ABADI CONFIRMS DELAYED OPERATIONS IN POST FALLUJAH LIBERATION…
GENERAL
BARZANI STATES KURDISTAN REGION “DESPERATELY” NEEDS TO IMPLEMENT COMPREHENSIVE REFORMS…BASRA DISCUSSES ALLIANCE OF REGIONAL 5 YEAR DEVELOPMENT PLAN WITH UN ALONG WITH MAYSAN/DIWANIYA/MUTHANNA PROVINCES…ARAB CONTRACTORS UNION & JORDAN MINISTRY OF PUBLIC WORKS ALONG WITH TAMIMI HOST ARAB FAIR FOR DEVELOPMENT OF INFRASTRUCTURE INVESTMENT AND INVESTMENT LAW AMENDMENT…UN STATES CONCERN OF FOOD SUPPLY FOR CHILDREN IN FALLUJAH AND CALLS FOR GREATER MEASURES TO PROTECT CIVILIANS IN LIBERATION OPERATIONS…UN CONFIRMS THE KILLING/WOUNDING 2326 IRAQIS IN MAY 2016…ABADI GIVES RADIO ADDRESS TO FALLUJAH IN NUAIMIYA INSPECTION EXPRESSING DEFINITIVE LIBERATION…IRAQ CENTRAL BUREAU RECEIVES INTERNATIONAL ACCREDITATION CERTIFICATE FOR QUALITY CONTROL INSPECTION…SALAHUDDIN DEPUTY CONFIRMS RETURN OF 80% OF DISPLACED AND DEMANDING FURTHER RECONSTRUCTION SUPPORT…GOV’T ANNOUNCES PURSUIT TO PROVIDE 250,000 JOBS FROM PRIVATE SECTOR ALONG WITH OTHER OBJECTIVES TO MOVE TO MARKET ECONOMY INCLUDING: ADDRESSING HOUSING CRISIS BY CREATE OR BUY 36,000 NEW UNITS…PRIVATE SECTOR REHAB AND INTRO NEW TECHNOLOGY TO 330 PLANTS & FACTORIES…MANUFACTURE RAW MATERIALS FOR INDUSTRY & AGRICULTURE INDUSTRIES…PROMOTE PROJECTS IN INDUSTRIAL CITIES…REDUCE IMPORTS THROUGH NATIONAL PRODUCT SUBSTITUTION OF AT LEAST 50 PRODUCTS…NATIONAL EXPORT PROMOTION COMPETITION OF AT LEAST 10 PRODUCTS…LEGALIZING FOREIGN CURRENCY DISPLAY AND REDUCE BY 10%…AND LOAN MECHANISMS & AMOUNTS BY SECTOR WITH TERMS…JABOURI STATES IRAQ IS A POOR COUNTRY BECAUSE OF CORRUPTION…KURDS ANNOUNCE DIRECT DISTRIBUTION OF EMPLOYEES SALARIES FOR MONTH OF APRIL…ALLAWI WARNS OF IRANIAN INFLUENCE IN FALLUJAH…SADR & LIBERAL BLOC WARN OF ARREST WARRANTS ISSUED PROTESTORS IN SADR CITY…FRANCE PLANNING TO OPEN CONSULATE IN NAJAF…
______________________________________________________________
“Round Table” Dinar Call!!
“for Dinar News – that MATTERS!!”
from 5/23 –
Smart phone user link – Click here
______________________________________________________________
firefly (Dinar Guru) – Article quote: “Iraq has signed an agreement with the IMF this week under which Baghdad could get aid worth $ 5.4 billion, it has a positive effect on the credit rating of the country.“ HUGE HUGE HUGE. The higher the credit rating the more investor confidence it will bring to Iraq! [Whats your guess on the rating?] IMO above A. Anything under A is not good for a country
Read More: http://www.dinarupdates.com/observer/
______________________________________________________________
The return of 40 deputies Matsma to “front” Jubouri!!
Baghdad / Iraq News Network revealed the National Alliance MP Sadiq frankincense, Wednesday, for the withdrawal of 40 deputies from the front of the protesters (Reform), and return to Alnwab.oukal frankincense Council meetings in a press statement today:
“Some MPs from the point of the protesters realized that their sit -in is the glory does not constitute a positive impact , “noting that” some of them felt refer to the Council of Representatives . “He added that” Iraq is passing through a dangerous phase and there is a big security and economic challenges , “he said , adding that” the number of pupils who are deputies arrived to 40 deputies ,
“He stressed frankincense that ” a number of the protesters deputies also expressed their great desire to attend the next session of parliament to re – board activity and its role in government performance monitoring . ” the more than 100 members of parliament have declared their boycott of the meetings of the House of Representatives after a sit -in inside the House of Representatives and the formation of the front of reform, while seeking the political blocs to persuade the protesters to return to the House of Representatives of the parliament to hold meetings of the Council and the adoption of important laws in conjunction with military operations to liberate cities, including Fallujah
rcookie: NATIONAL ALLIANCE MP FRANKENCENSE STATES 40 MPS OF REFORM BLOC MOVING TO JABOURI’S SIDE STATING THEIR SIT IN GLORY DOES NOT CONSTITUTE A POSITIVE IMPACT AND IRAQ IS GOING THROUGH DANGEROUS PHASE OF ECONOMIC AND MILITARY CHALLENGES & EXPRESSED GREAT DESIRE TO RETURN TO NEXT PARLIAMENT SESSION AND CONTINUE REFORM ACTIVITIES…
______________________________________________________________
Aggiedad77 (Dinar Guru) – Oh yes indeed…the BEST is yet to come. The push is getting ready…or in Texas terms…”fixin’ to” move forward…in some ways it has begun I think. Watch as more is unveiled as we observe…The BEST is yet to come…
Read More: http://www.dinarupdates.com/observer/
______________________________________________________________
Financial and banking reforms, attract investment
BAGHDAD – Imad emirate – Economist said the academic from the Faculty of Administration and Economics at the University of Mustansiriya Dr. Sattar Jaber: to attract foreign investment and boost his chances and increase in Iraq and the Arab countries of non – oil requires reform of the financial and banking sector and the removal of restrictions on money entering the movement into the country.
According to Jaber in an interview «morning» that Arab oil exporting countries have a surplus of resources in terms of savings greater than the investment, while some Arab states have a deficit in terms of savings less investment, since economic growth is highly dependent on investment and the adequacy of domestic savings and investment, and the adequacy of local resources for the Arab States , it is possible to make up the shortfall , or the difference through internal capital flows.
The accumulation of financial surpluses of the countries of Arab petroleum exporting has led to increased investment outside the Arab region, and that the continuation of the balance of payments of non – oil deficit has led to the accumulation of foreign debts , indicating that Maymana investment of Arab States, the surplus part of the revenues in the deficit of Arab States, is the weakness and inability of the Arab countries is of Petroleum exporting to attract foreign investment , both of surplus Arab states or countries and overseas markets.
he said if we want to be more precise in identifying the reasons for this, we can say that the reason behind the inability or the inability of these countries to attract investments respect to climate and investment environment in the Arab states (surplus countries and deficit countries), as regards energy absorption of Arab economies for each existing investments abroad , or part of it.
He stressed that building economic relations enhances climate investment in the international economic environment, and the increasing integration with the global economic and predominance of the market economy and the increasing role of the private sector making considerations of return, risk and cost more pronounced in investment decisions, and thus became the world in the competition to attract the money, according to offer every region of the advantages and incentives for investment .
Jabir that drew Arab countries non – oil (deficit countries) is still far from providing a climate for investors among them Arabs, but that the climate has become affect the national investment and Pat local investors prefer to invest part of their money outside the borders of their own countries because of the investment climate prevailing.
and the importance of absorb the financial and banking sectors , the fiscal surplus partial than that of the oil – exporting Arab countries through deepening and expansion of the financial sector because of Arab funds invested abroad exceeds the size of the assets of the Arab financial sector, and therefore it is difficult for the financial sector that accommodates both the Arab fiscal surplus.
He stressed Jaber on the need to several measures reforms , the most important financial sector liberalization and the removal of restrictions on interest rates and the granting of financial institutions greater autonomy, which requires the restructuring of public banks and privatization and to encourage competition in the financial sector and the establishment and development of cash markets and securities markets and the development of monetary policy and the removal of restrictions on investment flows include.
______________________________________________________________
firefly (Dinar Guru) – Article quote: “Iraq’s new funds from the International Monetary Fund, a step in the right direction to make Iraq is under international economic standards.” “Iraq borrow from the International Monetary Fund makes Iraq abide by international standards and conditions, namely that Iraq abide by mandatory.“ It is essential that something happens VERY VERY soon.
Read More: http://www.dinarupdates.com/observer/
______________________________________________________________
Iraqi banks association with representatives of the u.s. Treasury Iraqi banks updates
Iraqi private banks Association discussed with a team of u.s. Treasury akhralmstgdat belonging to the banking sector in Iraq, and Iraqi private banks Association representatives provided a comprehensive overview of development banking constraints and delimiters facing private banks, as referring to the Association’s efforts to develop efficient banking sector particularly in combating money laundering and financing of terrorism, through training of workers in this sector in cooperation with the Foundation for global ACAMS.
The us Treasury representatives referred to the decision of the Central Bank regarding stop 300 banking company for the purpose of subjecting them to scrutiny by the Central Bank’s standards, but it’s also the representatives of the u.s. Treasury support for CBI plans for development the sector and banking llmaaiiraldolih in combating money laundering and terrorist financing.
Developing the sector has also been addressed and should overcome to take a real course.
______________________________________________________________
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
______________________________________________________________
Cracked front rioters Representatives and the defection of eight of its members
A source in the National Alliance, on Monday, for the dissidents of reform Front parliamentary deputies names, while the likely existence of a political deal signed between them and Parliament Speaker Salim al-Jubouri.
The source said in a press statement that “Eight MPs from the Reform Front parliamentary announced the dissidents of the House of Representatives of the protesters and joining up with the clinging quota system of political blocs, as well as attending the session of parliament was held on Sunday, and the people who helped achieve a quorum,” likely “the existence of a political deal between the dissident MPs and parliament Speaker Salim al-Jubouri. ”
He added that “dissident MPs were Faris Faris, and Ghazi al-Gaood, and Zia league and Raad diamonds, and the Messenger Radi Abu Hasna, and longings Jubouri, and Joseph Saliwa, as well as Haji candor.”
The Council of Representatives, on Sunday, its 28th of the second legislative term of the legislative year, the second headed by Salim al-Jubouri, and the presence of 167 deputies, while the meeting included the presence of Prime Minister Haider al-Abadi and provide a detailed report on the nature of the conduct of military operations in Fallujah, in addition to a council vote a majority of its members who are on extending the legislative term of the parliament for a period of one month.
Uh Oh – Maliki’s bunch is losing it’s “sitters” daily…
______________________________________________________________
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 | 1318.403 | 1317.744 |
| British pound | GBP | 1727.848 | 1726.984 |
| Canadian dollar | CAD | 902.290 | 901.839 |
| Swiss franc | CHF | 1193.698 | 1193.101 |
| Swedish krona | SEK | 141.847 | 141.776 |
| Norwegian krone | NOK | 141.460 | 141.390 |
| Danish krone | DKK | 177.262 | 177.173 |
| Japanese yen | JPY | 10.640 | 10.635 |
| Special Drawing Rights |
SDR | 1658.204 | 1657.375 |