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) 07-12-16
Currency Auctions Announcement No. 3237
This daily currency auction was held in the Central Bank of Iraq on the 07-12-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 18 |
| Number of remittance companies | 0 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 24,240,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 24,240,000 |
| Total offers for selling (US$) | —– |
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Iraqi Dinar/Dollar auction (most recent listing) 07-12-16
Currency Auctions Announcement No. 3238
This daily currency auction was held in the Central Bank of Iraq on the 07-12-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 95,137,300 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 95,137,300 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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I miss the days when you couldn’t be sent to prison for not paying the fine you got for not being able to afford health insurance ~ BGG
*** Current News ***
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IMF calls on the Government of Abadi to achieve reforms in exchange for loans
BAGHDAD / News Network – Iraq and the IMF agreed on Saturday to give Iraq a line of credit worth $ 5.34 billion to help it overcome the financial crisis faced after the deterioration of oil prices and the war against Alarhab. ooodh Fund said in a statement, that the Iraqi government will take place in case a loan an initial value of $ 634 million, while it must implement a series of economic reforms to get the rest of the installments of this assistance plan for three years.
The statement quoted Zhou Min, one of the assistant directors of the Fund, as saying: “Iraq’s economy has suffered severely from the double trauma of the organization of the Islamic state and severe attacks decline in oil prices.” Fund expressed in his statement expressed concern about the arrears, especially the “big” accumulated on Baghdad, which is struggling to meet its financial obligations.
The fund was granted in Baghdad in July 2015 a loan of $ 1.24 billion to help the advancement of the public own finances. Under the previous rapid financing tool program.
Iraq is going through a financial crisis due to falling oil prices, which constitutes 90% of the public budget is paid to borrow from the International Monetary Fund and the World Bank and earned them about $ 15 billion received by over three years…
Read More: https://www.facebook.com/groups/571383766355188/
BGG ~ Many thanks to Julian Washington for digging this up for us!!
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rcookie (Dinar Guru) – Article: “Resumed the House of Representatives, on Tuesday, the opening of its first legislative term of the third legislative year in the third parliamentary session.” SO PARLIAMENT MET SUCCESSFULLY UNDER JABOURI…GOT THE 1ST ONE OUT OF THE WAY…DISCUSSED SECURITY FILES AND ISSUES… [did they vote on anything…thats what we need?] NO…NO VOTES BUT READ A FEW LAWS…
Read More: http://www.dinarupdates.com/observer/
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Holly1 (Dinar Guru) – …WHAT IS GOING ON IN IRAQ …CANT MAKE IT AT 1182 NO WAY NO HOW … THEY NEED STEPS AND A HUGE ONE PEOPLE DEMANDING A NEW PRICE OF THE DINAR IMO.
Read More: http://www.dinarupdates.com/observer/
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IMF board approves $5.34 billion standby arrangement for Iraq
The International Monetary Fund said on Thursday its executive board approved a new three-year, $5.34 billion standby arrangement for Iraq to support Baghdad’s efforts to deal with lower oil prices and ensure debt sustainability.
The IMF said in a statement the approval will allow for the immediate disbursement of about $634 million under the program. In July 2015, Iraq received about $1.24 billion under the previous rapid financing instrument program.
The IMF said that Iraqi authorities have pledged to maintain their currency peg to the dollar, reduce spending on inefficient capital expenditures whole protecting social spending. It said overhauling the management of public finances will put the government in a better position to combat the Islamic State militant group and cope with lower oil prices.
“The Iraqi economy has been hit hard by the double shock arising from the ISIS attacks and the sharp drop in global oil prices,” IMF Deputy Managing Director Min Zhu said in a statement. “The policies put in place by the authorities to deal with this double shock are appropriate.”
Zhu said that Iraq’s accumulation of large external arrears to international oil companies and domestic arrears in 2015 was “unfortunate” and they should be paid down.
The program also requires Iraq to take significant steps to strengthen anti-corruption laws and to prevent money laundering and counter the financing of terrorism.
Read More: http://www.dinarupdates.com/showthread.php?36764-IMF-board-approves-5-34-billion-standby-arrangement-for-IraqIMF-board-approves-5-34
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rcookie (Dinar Guru) – Article quote: “Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank.” …THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES….OFFERING ONE STOP SHOPPING BANKING SERVICES…THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006…THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT.
Read More: http://www.dinarupdates.com/observer/
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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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Upgrading of Iraqi currency …
(A very special thanks to Holly1 for sharing such an insightful conversation with her personal, direct contacts – this is excerpted from a FaceBook conversation with a group of Iraqi bankers and economists)
Ahmed Salami
– Dinar plastic (polymer)
– restructuring of the Iraqi currency
Re – evaluate the value of the dinar
– Iraqi dinar (polymer):
eetm the use of plastic money and made of material plastic polymer high-efficiency rather than paper made from cotton material and paper used in the money industry today and that are exposed to rapid deterioration use life short and the movement of disease transition and endemic and infectious bunches bacterial colonies and moves with her to the people to the touch and move Kalmndel infested.
plastic money outlive more than twice as paper peers and a half several years and do not affect the high temperatures, water, humidity, dust, paint and crushing does not allow the formation of clusters of bacterial or Vairoseh.
3. plastic money security features very high degree forgery make it almost impossible to 99.9%. plastic money can be recycled after it is damaged and the use of new raw materials reduces costs to a very high percentage Unlike paper that Taathra and lose parts and comes with stickers or dyes, which burned and then buried. Nor used as the raw material.
5. alncod plastic as far as being the most evolved, the industry is less than the cost of paper counterpart costs. dol world began a gradual transition to plastic money instead of paper and the first Arab state of Kuwait is applied to the new currency system, Britain is moving to change its currency gradually to this article and issued a category 5 pounds of them.
– Of Iraqi cash reserves of $ 53 billion for the year 2016
– an Iraqi reserves of 90 tons of gold
.. This is the cover of the Iraqi dinar.
-hiklh Iraqi currency:
Must be the value of the Iraqi dinar to reflect the value of this financial cover
– which currently stands at (1,118) dinars to one US dollar
(according to the Central Bank of the price , of course) , a very low value of digitally ..
make it difficult to deal externally Dinars let alone inside Iraq.
Iraq needs to restructure its currency (Iraqi dinar):
1. Delete the zeros phantom inflation inherited from the siege and war ..
2. Be the dollar value of 1 is equal to 1 dinar and 118 fils.
3.eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.
Re – evaluation of the value of the dinar:
Iraqi dinar code globally DI, and Fils F
1. Reassessment of the Iraqi dinar , where every dinar equivalent of 100 fils and not in 1000 and make every penny is composed of 10 monetary units smaller name (NIS or rail) .. and have each 1 $ = 1 DI and 18 fils. (Shekel unit calibration Sumerian worked for in ur and Uruk like kilogram in the present day)
2. Production units metal groups younger most heavily for many uses of Order and levy taxes and fees rapid public attitudes and privacy , public transport, ATM and Lafrath in the markets) produces metal categories are as follows:
– AED 10 fils
– quarter of a dinar 25 fils
– half a dinar 50 fils
100 dinars limited trading major category of transactions banking and international big business deals and investment are forcing banks to deploy ATMs in every province and spend according to the market and population density as a basis for the opening of the Bank and implemented so the government by private and connecting branches together one network put piggy banks levy metal sheet positions to collect mineral categories in fees is available for a parking service .. and the introduction of credit cards for banks digital money …
(the rest of this is actual conversations back and forth between Iraqi bankers and Holly1 – one of our esteemed researchers at DinarUpdates.com)
Laith Saleem:
Addicted once asked you a report by the Office of Iraq from 2003-2015 and I told you to be prepared by the report and if possible to add to the report budgets of Iraq from the formation of the first government to 2016 This report is very important and shows a lot of things for people around budgets and Iraq’s money in general
Iraqis Economists:
Greetings to the Holy Jnabk had trouble collecting sources Most of what we got are approximate and articles Dhanah without mentioning the source ..vagelnah to time we get a reliable source ….
Laith Saleem:
Iraqis Economists hope you completed it because he is a very important report
Mohammed Ridha A Al-Musawy:
Very nice talk and see what can be added if allowed God is dealing electronic banking cards they need to reduce the use of cash in general .. that holds the government banks issuing cards with high reliability and not to Kptaqat Card notorious
Iraqis Economists:
Greetings to you the last lines of the report writer and another part of the report talks about the Iraqi money digital and we will publish later
Mohammed Ridha A Al-Musawy:
God, we need strongly to raise awareness in this area God bless your bright .. Note .. asked the Ministry of Education of us obtaining the cards in order and after that we obtained has remained dormant in one office inclusion House this hour .. I also tried to get a Visa card or MasterCard and they found that all of them (at least what we have reached) is not guaranteed and unfair in many of its provisions .. Greetings to you and your page thoroughbreds
Iraqis Economists:
Yes, they removed from the civilization of Sumer specifically of Ur, where he lived the prophet Ibrahim’s peace and life was estimated using exchange-kind shekels (the unit of measurement for the agent) such as alkyl grams today
Iraqis Economists:
Easy folding the new currency printed just resemble stays that way years
Emaf Turkman:
Thanks for the information
Iraqis Economists:
This model of the coin plastic polymer
Majid Hameed Alsodany:
All you ask about the evolution of the banking industry in the countries of the world and try to introducing them into the Iraqi banking sector , whether public or or private this very positive and effective steps towards the development of the Iraqi banking sector, but to take a moment where it requires extensive study and thorough and field to the reality uncleFor Iraqi banks in general , and to identify serious and significant problems facing the banking sector, especially private banks, and these problems are many and most complex that has emerged in recent times , a lack of sufficient liquidity within the bank ‘s assets to meet the requirements and obligations to depositors (customers) and this is very big negatives in the work of banks, in addition to other problems, including the failure to use advanced banking industry in most of the banks, especially state banks, as the day the world operates according to advanced banking systems (electronic banking and ATMs ATM, etc.) of which provides the voltage and shrinking the time.
We strongly aspire to evolve financial and banking sector and through improved fiscal policy in our country, with the help of God Almighty
rcookie:
THIS IS EXACTLY THE SAME TYPE OF TALK THAT WAS HEARD WHEN SWEDEN ANNOUNCED IT WOULD BE TOTALLY DIGITAL CURRENCY BY 2020…
Ali Tawfiq:
I could not give you the exact real interest of this speech for several reasons , first , do we have an effective banking system is able to own and manage the card Banking Is there a banking people scattered all populated areas can these banks management and funding on a daily basis especially as you know are AltaaMl via the Internet between these bank accounts means that we need to bank financial system effectively either secondly the move encourages people their money stored in Mahe banks benefits granted by banks to their customers and Do you think staff working in the current banks are competent to manage the financial operations either thirdly regarding Currency plastic perhaps the features that I mentioned useful but nowadays What is its impact on the fourth of the country’s economy in order to apply your proposal the government must be economically strong and able to enforce the law so that it can impose pricing uniform goods task less likelihood means applying strong half markets policy not tell Alawaq the full policy in the pricing of goods and you know what to say and Ooowo a host of other questions but we hope we have when we start making the first step of successful nations and thank you for Modoekm values
Riaz Hussain Azwaini:
Prophet if there were eager to improve the economic situation in the country’s government. It can be applied with the content of the Resurrection, especially if we have an agricultural and industrial sector and tourism discreet .. greetings and Achoaki
rcookie: AGAIN…..AND THE KEY TO THIS ATM LINKED NETWORK THEY ARE SPEAKING ABOUT…
Ammar Abdullah Ghaith:
Interest is the rehabilitation of monetary value of the currency to make it universally used by tourists, traders and engagements .. To facilitate bricks computational and encourage inward to deal with the storage and filing internal and external Alihulaat instead Alastguetal on the dollar dinar after it organized evaluatedE …. After that was the outcast of the difficulty of the account when the exchange rate first, and decrease the numeric value … the issue of supporting the economy Yes mission is to raise the purchasing power and to curb inflation and raise the exchange rate against the dollar and currencies globally other .. but it does not intersect with the currency revaluation and development … Thank
Ammar Abdullah Ghaith:
On this bad situation Iraqi banks ..imkn if applied paragraphs reassess Eulma prevent the opportunity for Iraq to contract in Iraqi dinars instead of dollars abroad to Lastairadat with cheap food and perfectionism .. and perhaps even weapons .. and Ctfad dollar store as a cover of the coin
rcookie: WOW!!..THERE IT IS…
Ali Tawfiq:
Kalam Jamil but do you base banking and human resources means Career Level in Iraq allows the application of these ideas , we need a wide range of changes so that we can get into this beautiful proposal and tell by my field and my knowledge database Iraqi plain wishful thinkingOr to say but very difficult application because Iraq is currently Messier with regret and I ask yourselves and the rest of the financial scientists and their two economies and our hope that the great Iraq out of this crisis and big thanks
rcookie: ARE YOU GUYS READING THIS??
Ammar Abdullah Ghaith:
2010 was a good year for the implementation of such a project … but now Iraq needs for 5 years to 10 and the high price of oil exceeded the deficit .. x = then be Tnfbzh
Hassan Thabet:
Essay and achieve wonderful, but I disagree with you the issue of the deletion of zeros because the process of deleting the zeros Heya quick solutions to raise the value of the Iraqi dinar and quick solutions are numerous problems I see that the Government would support industry, agriculture and reduce the import and supports national product in many ways knownAmong specialists as well as remittance dinars in the Start dinar gradually better, but this solution and the solution presented by Mr. Ahmed Salami whole air in the nets because of administrative, economic and security and the government doubled the most important thing first point Heya support agriculture , local industry and gradually cancel the import and Sorry about stretching
Ammar Abdullah Ghaith:
Interest is the rehabilitation of monetary value of the currency to make it universally used by tourists, traders and engagements .. To facilitate bricks computational and encourage inward to deal with the storage and filing internal and external Alihulaat instead Alastguetal on the dollar dinar after it organized valuesTe …. After that was the outcast of the difficulty of the account when the exchange rate first, and decrease the numeric value … the issue of supporting the economy Yes mission is to raise the purchasing power and to curb inflation and raise the exchange rate against the dollar and currencies globally other .. but it does not intersect with the currency revaluation and development … Thank
AbdUl Qudous:
Each Happy New Year …. I’m from Libya … and ask how to delete the zeros Phantom of the value of the Iraqi dinar, in order to increase its value Foreign presumption dollar ???? I hope the answer and be as complete .. Thank you
Ammar Abdullah Ghaith:
Experiment carried out by both the German mark a time of Germany and Italy , a time of coin currency lira Italian and Turkey in 2005 to amend the value of its currency , the Turkish lira was the currency of the Turkish lira is composed of six mattresses mean no one and was succeeded by six zeros Thus writes 1000,000..otaqra million lira you canBuy their eggs just almost … !!! … The Turkish central bank to develop a plan to re-evaluate the currency delete inflationary mattresses these mattresses came inherited from the First World War and the collapse of the Ottoman Empire and the collapse of its currency and bankruptcy and Turkey was a poor currency in line with the economy and printed .. then Aftbat million pounds 1000,000 and two million pounds and 10 million pounds to 100 million pounds …. 2005 Turk decided to rehabilitate the Turkish currency, which was facing extreme difficulties in the accounts and digital records as a
rcookie:
AND AGAIN…WHY DO YOU SUPPOSE THIS INGENIOUS PLAN TO USE SOPHISTICATED NETWORK OF ATMS FOR DIGITAL MARKETPLACE WASN’T IMPLEMENTED 5 YEARS AGO…
Holly1:
result of the number of long mattresses … they decided to print the currency of the new lira without zeros … one lira new currency equal to the value of the lira old Hbehtha with six “million pounds zeros” ..ani when you go to the store you want to buy eggs pay the old currency “million pounds” buy two eggs … and the eggs get them the same pay pounds of the new currency to buy eggs also evolve, the new Alerh equal to the value of the old six-pound mattresses to evolve to the old Eulma (1,000,000 pounds) is in truth one pounds and one .. just delete the zeros phantom .. and so were printed for each category without zeros 1 pounds compared to one million pounds 2 pounds compared to 2 million old lire 5 pounds versus 5 million old lira 10 pounds compared to 10 million old lira and 20 pounds compared to 20 million old lira and 50 pounds Mqaal 50 million pounds old and 100 pounds compared to 100 million pounds An old
Read More: http://www.dinarupdates.com/showthread.php?36816-Sunday-July-10-2016&p=156012#post156012
BGG: Oh wow!! Great stuff!! However, I find still it AMAZING how these ignorant “guru types” wait for our people to dig stuff like this up (Thanks so much Holly)… give them no credit for it… wait for our other people to comment on it (Doing a 3 hour News Time and “After Call” on it). Study up… then are still so ignorant (or drunk) on the subject matter, they COMPLETELY BUTCHER the whole concept of what is going on here…
WAKE UP PEOPLE!!
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1305.992 | 1305.339 |
| British pound | GBP | 1534.354 | 1533.587 |
| Canadian dollar | CAD | 900.434 | 899.984 |
| Swiss franc | CHF | 1202.075 | 1201.474 |
| Swedish krona | SEK | 137.520 | 137.451 |
| Norwegian krone | NOK | 138.845 | 138.775 |
| Danish krone | DKK | 175.603 | 175.515 |
| Japanese yen | JPY | 11.736 | 11.730 |
| Special Drawing Rights |
SDR | 1642.531 | 1641.710 |