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/
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I think there is only one quality worse than hardness of heart and that is softness of head. – Theodore Roosevelt
*** Current News ***
Iraq PM Abadi urges lawmakers to stop squabbling, rally behind army
Iraq’s Prime Minister Haider al-Abadi (front 2nd L) walks during his visit to an Iraqi army base in Camp Tariq near Falluja, Iraq, June 1, 2016. REUTERS/ALAA AL-MARJANI
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Iraqi Prime Minister Haider al-Abadi has appealed to politicians to “freeze” their wrangling over his anti-corruption reforms and unite behind the army as it battles Islamic State in Falluja, near Baghdad.
Abadi has been grappling with a political crisis since February and has been unable to rally the main blocs in parliament to back an anti-corruption plan that includes a cabinet reshuffle.
He ordered the offensive on Falluja on May 22, after the political crisis degenerated into deadly street violence in and near to Baghdad’s heavily fortified Green Zone, and a series of bombings, claimed by Islamic State, hit Shi’ite districts of the city.
“I appeal (to the politicians) to freeze all differences until the land is freed,” he said on state TV late on Wednesday during a visit to the army’s frontline near Falluja, 50 kilometers (32 miles) west of Baghdad.
“Daesh is the ultimate corruption and whoever prevents us from fighting Daesh is corrupt,” he added, referring to the ultra-hardline Sunni group by one of its Arabic acronyms.
Since the offensive on Fallujah began, there have been no attempts by demonstrators to storm the Green Zone, which houses the Iraqi parliament, government offices and embassies.
Protesters, including followers of powerful Shi’ite cleric Moqtada al-Sadr, had previously stormed the Green Zone twice to press for reforms, on April 30 and May 20.
Abadi pledged last December that 2016 would be the year of “final victory” against the militants, predicting the capture of their de-facto capital Mosul in northern Iraq.
Falluja is the second largest Iraqi city after Mosul to remain under Islamic State control. It is the first Iraqi city that the group captured, in January 2014.
It is a historic bastion of the insurgency against both the U.S. occupation of Iraq and the Shi’ite-led authorities who took over after the overthrow of Saddam Hussein, who was a Sunni.
Reuters.com
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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/
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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…
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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/
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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.
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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/
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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.
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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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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…
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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 | 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 |