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) 07-27-16
Currency Auctions Announcement No. 3246
This daily currency auction was held in the Central Bank of Iraq on the 07-27-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 30 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 154,161,114 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 154,161,114 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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He who decides a case without hearing the other side, though he decide justly, cannot be considered just. – Lucius Annaeus Seneca
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RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016
PARLIAMENT
SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI…HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT’L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)…PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS…JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI…FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING…MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK…ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,…PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL…MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS…JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR…
GENERAL
BARZANI STATES NEED TO REDEFINE BORDERS OF KURDISTAN REGION AFTER ELIMINATION OF ISIS IN ALL AREAS…MASSUD APOLOGIZES FOR NOT PERSONALLY ATTENDING ARAB SUMMIT MAURITANIA TODAY & TOMORROW EMERGENCY REASONS JAFAARI WENT INSTEAD…ANBAR GOVERNOR STATES EXCITEMENT ON RECEIVING HIGH CAPACITY ELECTRIC GENERATORS FOR LIBERATED AREAS…IRAQIS ANGRY AT HOR TO CANCEL GRANT MATERIAL PRIVILEGES ALLOWANCES INCLUDING 12 YEAR DIPLOMATIC PASSPORTS FOR MEMBERS AND 8 YEARS FOR FAMILIES AFTER LEGISLATIVE SESSION AS WELL AS SOCIAL & SECURITY SUPPLIES BEING MET WITH RANCOR AMIDST ECONOMIC CONDITIONS …JAFAARI STATES AT NOUAKCHOTT MAURITANIA ARAB SUMMIT “IRAQ MOVING STEADILY TOWARD STABILITY”…MINISTRY OF HEALTH IN KURDISTAN REGION CALLING FOR DESPEATE INCREASE IN MEDICINES FOR LIBERATION OF MOSUL OPERATIONS DISPLACED…PM OF SCOTLAND ASSERTS READINESS FOR REFERENDUM OF INDEPENDENCE FROM BRITAIN…ISIS GOES GLOBAL WITH 125 ATTACKS IN 27 COUNTRIES….ABADI ISSUES STATEMENT INSISTING IRAQIS AND RED CROSS DOUBLING EFFORTS IN MOSUL LIBERATION STAGE AND SUPPORT OF DISPLACED AHEAD…MINISTER OF EDUCATION ANNOUNCE THE LAUNCH OF 842 JOBS TO MEET SHORTFALL IN QADISIYAH PROVINCE…RAFIDAIN BANK ACCELERATES AVAILABILITY AND ACCESS TO LOANS FOR KARRADA BOMBING VICTIMS…JAFAARI STATES RESULTS FROM DONORS CONFERENE WILL BE SPENT ON THE RECONSTRUCTION OF INFRASTRUCTURE IN LIBERATED AREAS…MINISTRY OF COMMERCE ANNOUNCE COMPLETE PREPARATIONS FOR 43RD ANNUAL BAGHDAD INT’L FAIR IRAQI EXHIBTION BUSINESS SERVICES TO BE HELD NOVEMBER 1ST…
SECURITY
PESHMERGA DEFEND ROLE IN BATTLE OF MOSUL OUTSIDE THE SCOPE OF TUTELGE OF BAGHDAD AND WANT TO PARTICIPATE ON OUTSKIRTS EVEN IF NOT PENETRATE THE CENTER AFTER 2 YEARS AND APPLICATION OF ARTICLE 140 AFTER FULL LIBERATION STAGES COMPLETED…48 IRAQIS KILLED IN KHALIS SUICIDE BOMBING ATTACK…MAGOURK RESTATES STRATEGIC IMPORTANCE OF QAYYARAH BASE TOEARD MOSUL LIBERATION OPERATION…FRANCE DELIVERING LOAD OF SOPHISTICATED WEAPONRY TO IRAQ TO SUPPORT WAR ON ISIS…PARL SECURITY REVIEW SHOWING LETTER “M” ON HOUSES & BUILDINGS IN MOSUL CAUSING DISTRESS FOR ISIS ELEMENTS…DOZENS OF ISIS ELEMENTS KILLED IN AERIAL ATTACK IN EASTERN RAMADI…70% HAWIJA SOUTH OF KIRKUK TERRITORY EDITED FROM ISIS OCCUPATION…WORLD HERITAGE ORGANIZATION CALLS FOR INCREASED & STRENGTHENED SECURITY IN DHI QAR MARSHES…28 ISIS ELEMNTS KILLED IN ISF BOMBING IN SOUTHERN MOSUL…PENTAGON DENIES REPORT OF ISIS SHOOTING DOWN OF US WARPLANE AND KILLING OF CREW IN ASAD BASE WESTERN IRAQ…
INVESTMENT/ECONOMY/BUSINESS
ASST OIL & GAS MINISTER REZA ANNOUNCESIRAQS GAS PRODUCTION WILL DOUBLE TO 1.2 BILLION CUBIC METERS AND 5,00 TONS PER DAY OF LIQUID GAS… JAPANESE ANNOUNCE LOAN OF $2.1 BILLION FOR DEVELOPMENT & REHABILITATION OF BASRA REFINERY 2% INTEREST OVER 20 YEARS NOT PART OF JICA…DHI QAR PURSUING ACCELERATED COMPLETION OF NASIRIYAH AIRPORT SINCE UNESCO WORLD HERITAGE INCLUSION…CBI ANNOUNCES AUCTION SALES OF $17 BILLION SINCE START OF 2016 DOWN $3 BILLION FROM 2015…ISX PUBLISHES GRATITUDE LETTERS FOR INT’L EXPERT PANEL MEMBERS INCLUDING SEC FOR PARTICIPATION IN WEEKEND WORKSHOP…SALEH MAKES STATEMENT THAT IRAQS ECONOMY IS STEADILY AND GRADUALLY RECOVERING FROM CRISIS IN 1ST HALF OF 2016 & ABADIS COMMITMENT TO SUSTAIN MOMENTUM AFTER SURVIVNG MOST CRITICAL STAGE…MINISTRY OF COMMERCE & TRADE ANNOUNCE 197 NATIONAL COMPANIES AND 9 FOREIGN COMPANIES 32 JOINT STOCK COMPANIES IN JUNE WITH DEPT OF REGISTRARS WHILE 279 REFERRED TO INVESTIGATING JUDGE FOR VIOLATING GUIDELINES AND INSTRUCTIONS…IRAQ EXPORTS 95.3 MILLION BARRELS OF CRUDE OIL TO 31 COUNTRIES IN JUNE…IRAQI DELEGATION TO TEHRAN NEXT WEEK TO DISCUSS GAS EXPORT PRICING…MAYSAN COUNCIL PRESENTS LIST OF UNFINISHED PROJECTS HELD SINCE 2012…GOLD AT 216,000 IQD PER WEIGHT…OIL FALLS TO 2 MONTH LOW AT $45.65…CBI ALLOCATES 1 TRILLION IQD FOR YOUTH & ALUMNI LOAN PROGRAMS TO ATTACK UNEMPLOYMENT & ACTIVATE PRIVATE SECTOR…MINISTRY OF TRADE NEGOTIATING WITH UKRANIAN COMPANIES FOR IMPORT OF REBAR FOR CONSTRUCTION NEEDS….
The agenda of the parliamentary session for business on Tuesday
Nur News / Baghdad It announced the information department of the Iraqi Council of Representatives, on Monday, the agenda of the parliamentary session for business on Tuesday. According to a statement of the Department of Media, “Nur News” received a copy of it, that “the agenda of the fifth meeting of the House of Representatives to be held on Tuesday, including the completion of voting on the draft universities, colleges, civil law, and vote on the draft law on public body was to guarantee the rights of the regions and governorates that are not organized in a region , voting in principle to the draft law and the abolition of merging ministries. ” He added that “the agenda Alaaml also includes, the first reading of the draft law amending the decree passport filter atomic endowment No. (1) for the year 1955, and the first reading of the draft accession of the Republic of Iraq to the International Institute for the Unification of Private Law Law (UNIDROIT) in respect of stolen cultural property or exported ways illegally, as well as the first reading of the draft law to challenge the law in the interest of the verdicts and decisions on land ownership. ” ”The meeting will read the report and discuss the draft law the national body was Informatics, read the report and discuss the draft Informatics Crimes Act, read the report and discuss the draft preserve documents law,” adding that “the meeting begins at eleven in the morning.”…
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wmawhite (Dinar Guru) – [Speaking of supply and demand what is happening to the dinar notes once exchanged for $ ?] first…remember, are you planning on exchanging in Iraq? Of course not…because you will not get the USD…so you will exchange outside of Iraq? Correct? so those IQD notes will be outside of Iraq the CBI will not see them… They become assets of…the US…Canada…UK…France, etc. Remember… banks… central banks…hold foreign currency reserves…they are assets.
Read More: http://www.dinarupdates.com/observer/
Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…
Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance
The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.
BGG – (Since I NEVER do that – PAY ATTENTION…)
According to information obtained “new Arab” from high-level sources, it is scheduled to be held Abadi, on Thursday evening, the first direct meeting between him and a number of leaders of political blocs to discuss the new cabinet reshuffle after accepting the resignation of six ministers from the government his booth considered as came upon prior agreement with the bloc to which he belongs resigned ministers.
The statement issued by the Prime Minister’s Office, on Tuesday evening, has made it clear that the ministers are all from Oil Minister Adel Abdul-Mahdi, and Transport Minister Bayan, and the Minister of Construction and Housing Tariq Kikhany, Minister of Water Resources Mohsen al-Shammari, and Minister of Industry Mohammed Darraji, as well as Minister Interior Mohammad Al Ghabban.
It is noted that the six ministers are all from the ruling National Alliance blocks of the country, divided between the Supreme Council and the Dawa party and the Fadhila and the Badr and the Sadrists.
According to high-level sources within the National Alliance, the prime minister will be held the first joint meeting late today, Thursday, with the leaders of a number of political blocs in order to reach to nominate ministers replacements for the resigned before heading for dialogue with the Sunni bloc and the Kurdish bloc in the same framework agreement.
Abadi and moves cautiously and discreetly great fear of a repeat of the crisis that spread throughout the March / March and April / Monthly forget the past, which resulted in the storming of the Green Zone and the buildings of Parliament and the Council of Ministers and the disruption of their work for more than 40 days. –
In the meantime, a strong current within the National Alliance, led by former Prime Minister Nuri al-Maliki raised the idea of granting Abadi, a time limit to complete his cabinet a vote of confidence or withdraw them completely, according to the same sources confirmed.
And draws to sources Abadi task will not be easy within the National Alliance because of problems with the names of the new ministers is any block and the method of their choice in accordance with the electoral benefit or the size of the bloc within the coalition itself
The Supreme Constitutional Court had ruled last month the invalidity of the Iraqi parliament session during which voted to nominate five new ministers and the dismissal of five of the government of al-Abadi.
Also it canceled a hearing that preceded it and which ruled to dismiss the parliament speaker Salim al-Jubouri, which caused a major political crisis in the country .
And it contributed to the court’s decision in the end the crisis, but it also led to torpedo Prime Minister leaves reform that includes the dismissal of ministers and naming others and change the heads of commissions and independent institutions, including the central bank and the Supreme Judicial Council and the Office of Financial Supervision and the Office of the elections, a reformist papers filed by demonstrators civil Baltearan and rib since the beginning of this year and agreed to by al-Abadi.
Amid fears of a new political crisis plaguing the country, especially that crises are being raised with every call for reform and the elimination of corruption, a student member of the Iraqi parliament from the bloc citizen Habib Terminal, Abadi choosing new ministers without anti or shunned the political spectrum that represents the Iraqi people, and wondered about the compatibility accept the resignation of a number of ministers with the current reality.
For his part, a political science professor at Baghdad University, Hassan Alaidani, believes that the ruling National Alliance is suffering from a real split on the back of accepting the resignation of several ministers.
The Alaidani, in an interview with “new Arab”, that the citizen bloc, which had controlled the ministries of oil, transport, and Badr, which was in control of the Interior Ministry, and other blocks, will not accept the decisions of the Abadi accepting the resignation of its ministers easily unless it is to persuade them one way or the other
It warns the government from entering the vacuum cabinet in the event of failure to obtain a parliamentary vote on the new ministers, especially the al-Abadi plans to make a cabinet reshuffle in stages
Dinar Updates “After Call – LIVE”!!
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from 7/25 “After Call” – RCookie,
Mr White, BGG & Hutch
from 7/25 – Smart phone user link – Click here
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Agreement to develop the Iraqi banking cooperation – French
Economy News / Agencies … After Iraq and France agree on the conclusion of a memorandum of understanding in a joint effort for the development of banking cooperation between the two countries, he praised the openness financial expert with the international community, especially with her major economies countries. The expert said Thamer al-Azzawi, said the Paris meeting has positive results will soon be reflected in the labor market after the Iraqi obtain agreements in the process of signing soon.
He noted that the most prominent of consensus that have occurred, strengthening the banking cooperation between Iraq and France, noting that the next meeting in Baghdad will witness the start of the real work of cooperation between Baghdad and Paris.
The Union of Iraqi businessmen branch of Dhi Qar, had participated in the meeting, the league of the Council of employers between Iraq and France attended by the representative of the businessmen Union of Dhi Qar and member of the employers of the Iraqi Business Council -afrenca just Ekab Hussein Hasnawi and representatives of the Iraqi, French, Iraq’s ambassador to France and a representative of the Ministry of Oil governments Laith Shahir and Undersecretary Ziralascan Acting chairman of the investment Commission, Sami al-Araji.
He Ekab »Sabah»: it has been discussed several important topics, including to be French corporate role in entering a genuine partnerships in the province and open horizons of cooperation shared between Iraqi companies, particularly in Dhi Qar and European companies the province through the investment process.
He urged the revitalization of this body with all its joints to facilitate foreign, Arab and local investors to establish a vital and important projects, tasks, praising the great efforts of those in charge of the success of these meetings, which lasted three days in the French capital Paris.
He also noted that it was agreed to conclude a memorandum of understanding between the Iraqi banking and French sides.
In turn, stressed the specialist in economic affairs Ahmed costly important trend of global economies and its role in achieving the economic viability of the country, pointing out that Iraq is in dire need of advanced technologies and banking, where the great work that awaits Iraq over the coming years in all Iraqi cities in the production and service sectors size.
And the costly international efforts that require banking services have the ability to accomplish banking operations of large figures required by the investment process, and the local banks, particularly private ones must offer products competing branches of foreign banks opened branches in Iraq products.
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rcookie (Dinar Guru) – “Iraqi parliament session: Parliament will vote on three bills discusses another six today” …BUSY…BUSY DAY!!
Read More: http://www.dinarupdates.com/observer/
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Enorrste (Dinar Guru) – Article: “What does it mean to float the currency?” Quote: “Floating exchange rates fluctuate constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.” Although Al Jazeera is not an official government source one must ask what would lead them to publish this on their own. They have no motive on their own. Therefore I would conclude that they were asked to do so. The only people I can imagine that would ask Al Jazeera to do this would be either the CBI or the GOI (most likely the former). That being said…this appears very positive.
Read More: http://www.dinarupdates.com/observer/
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What does it mean to float the currency?
Floating currency is to make the exchange rate of the currency as an editor in full, so that the government does not interfere , or the central bank in the determined directly. But it is automatically excreted in the currency market by supply and demand mechanism that allows for the identification of the national currency exchange rate against foreign currencies.
And fluctuate prices of floating currency exchange constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.
Forms of flotation
Either be floating or purely be directed:
Pure flotation:
are left to determine the exchange rate to market forces and the mechanism of supply and demand in full, and the state refrain from any direct or indirect intervention.
Flotation prompt:
is left to determine the exchange rate to market forces and the mechanism of supply and demand, but the state intervenes (via the central bank) as needed in order to guide the exchange rates in certain directions by influencing the size of the offer or demand for foreign currencies.
Supporters of flotation
For as long as theorists monetary school defended in economics ( Milton Friedman model) for floating currencies, claiming that the liberalization of exchange rates will make it reflect the economic fundamentals of the various countries (growth, trade balance, inflation , interest rates), and will lead it thus to restore the balance of relations and business accounts of current transactions continuously and automatically.
And they see these economists, like the neoclassical trend in the economy, that the liberation of all prices -osar goods and services, interest rates, labor prices (wages), foreign exchange rates (exchange rates) – and leave the identified markets without any interference or direction from the state, always ensures access to state of balance.
This stems from the belief in blind efficient markets, despite the fact that economic reality has proved more than once that the markets in the absence of oversight and control lead to disaster ( the mortgage crisis real estate in the United States model).
And justify those convinced the currency float , saying that any trade deficit will lead to an intense demand for foreign currency, which will lead to devaluation of national currency against foreign currencies, and thus to enhance the competitiveness of the country concerned.
This sponsor, they say, increase exports and reduce imports, Viatdl so the trade deficit is due to a state of balance. The same logic works in reverse direction if there is a trade surplus.
Supporters of the flotation was welcomed very much the adoption of major economies in the world to systems of floating exchange rates (flexible), after the collapse of the Bretton Woods agreement in the seventies of the last century, which had been laid down by the International Monetary system based on fixed exchange rates (but adjustable) between currencies.
Context switching
Bretton Woods system cracked in the summer of 1971 after the United States formally reneged on its commitment to transfer all traded in dollars to the world’s gold, according to the price specified by the Convention in 1944 (US $ 35 each equivalent ounces of gold.
Nhart the value of the dollar for gold did greenback -gar gold – backed and controlled exclusively for the accounts is monetary policy the US without any regard for the interests of the rest of the world an international standard has the confidence of everyone.
Maintaining a fixed exchange rate against the dollar also has become extremely difficult for many of the economic powers in the world, the latter began to adopt a floating exchange rate system under which left free to determine the value of the foreign exchange market based on supply and demand law.
Disappointment
After several decades of the adoption of a floating exchange rate systems and disseminated to a large number of countries around the world (including developing countries), the currency was floated promises rebalancing has been done to the trade balances of the world, the hopes of his supporters did not materialize.
Artificially low exchange current moved far from the supposed level that leads to a balance, and the biggest proof of that is the size of global imbalances (Global Imbalances), which reached record levels and still are resistant to treatment.
The United States and some European countries as well as many developing countries known as the case of a structural trade deficit for several decades, and in return you know China , Germany , Japan and oil – exporting countries trade surplus structurally.
Instead of floating currencies that ensures a rebalancing of international trade relations, the world knew the case of monetary instability due to the continuing exchange rates and fluctuations big change, which is sometimes subject to any rational logic because of the psychological factors that frame the movement of global speculators.
Read More: http://www.dinarupdates.com/showthread.php?37660-What-does-it-mean-to-float-the-currency-7-25
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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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RCookie NEWS Recap
(from) SUNDAY JULY 24TH, 2016
SECURITY
ABADI ASSERTS IRAQ WILL ERADICATE ISIS COMPLETELY BEFORE END OF THE YEAR…12 ISIS ELEMENTS INCLUDING LEADERS KILLED BY F-16 ATTACKS IN QAIM…ISF AIR FORCE DROP MILLIONS OF LEAFLETS ON MOSUL DIRECTING CITIZENS TO STAY AWAY FROM KNOWN ISIS BUILDINGS…STRATEGIC TRENCH BEING DUG IN NORTHERN FALLUJAH TO BOLSTER SECURITY OF NORTHERN BORDER…PESHMERGA THREATENING SHUT DOWN COMMUNICATION AND COORDINATION WITH BAGHDAD AFTER MOSUL AND OTHER LIBERATED AREA WITHDRAWAL AND CLARIFICATION WITH MOU WITH PENTAGON…US MCGURK ASSERTS MOSUL LIBERATION OPERATIONS WILL BEGIN AT 1 TIME…ABADI OFFICE ANNOUNCE THE DIRECT COORDINATION OF MOSUL OPERATION AND CONFIRMS USE OF INTERNATIONAL SUPPORT…23 ISIS ELEMENTS KILLED AND 6 TANKS DESTROYED IN F-16 ATTACK IN SOUTHERN MOSUL OPERATION…MINISTER OF PESHMERGA ASSERTS THEY WILL NOT WITHDRAWAL FROM MOSUL UNTIL COMPLETE EDITING OF NINEVEH…SADR THREATENS BRITISH TROOPS INVOLVED WITH MOSUL LIBERATION…ESTIMATED 6,000 ISIS ELEMENTS REMAIN IN MOSUL…GARVER ANNOUNCES OVER 7000 COALITION FORCES IN TOTAL IN IRAQ….INTERNATIONAL ALLIANCE ANNOUNCES HAVING TRAINED 23, 750 IRAQI TROOPS… NINEVEH OPERATIONS COMMANDER JABOURI ANNOUNCES ARRIVAL OF NEW MEAL OF MILITARY VEHICLES AND EQUIPMENT FOR MOSUL LIBERATION ACTIVITIES…
GENERAL
AUCTIONS AT $149 MILLION…52 KILLED NORTH OF BAGHDAD FROM SUICIDES BOMBERS AT ADEN SQUARE CHECK POINT KADIMIYAH…IRAQ PARTICIPATES IN ARAB ECONOMIC AND SOCIAL COUNCIL IN NOUAKCHOTT AND AGREE TO ESTABLISH A CENTER FOR AIDS…EU COMMITTED $104 MILLION TO DONORS CONFERENCE AND IRAQ’S DISPLACED…MINISTRY OD TRADE ANNOUNCES LIFE IMPRISONMENT SENTENCE FOR TREASURER CHARGED OF FRAUD AND MISAPPROPRIATION OF FUNDS…40,000 STUDENTS COMPETING FOR POST GRADUATE DEGREES IN 2016-17…IRAQ AND HUNGARY AGREE TO ABOLITION OF VISAS FOR DIPLOMATIC AND SERVICE CAMPAIGNS AND ASSIGN JOINT COMMITTEE…COALITION FORCES DEMANDING ABADI SEND REINFORCEMENTS TO SHARQAT CAMPAIGN…SADR SUMMONING MINISTER OF WATER RESOURCES IMMEDIATELY…BAGHDAD OPERATIONS ANNOUNCE CONSTRUCTION OF SECURITY FENCE AROUND CAPITAL STILL ONGOING….175 PATIENTS BEING SENT OUTSIDE IRAQ TO RECEIVE MEDICAL TREATMENTS…FALLUJAH MAYOR ANNOUNCES BEGINNING OF WORK FOR DISPLACED RETURN ELECTRONIC FORM…INTERNATIONAL ALLIANCE CONFIRMS CAPTURE OF ISIS COMPUTERS REVEALS INFORMATION THAT WILL HELP TO STOP THE FLOW OF INSURGENTS INTO THEATER…EXPLOSIVE SITUATION INSIDE IRAN IS PUSHING TEHRAN TEHRAN TO RENEW ITS BORDER AGREEMENT WITH BAGHDAD… IRAQI AIRWAYS ANNOUNCES REDUCED FARES FROM BAGHDAD TO AMMAN…ISIS SLAYING OF 23 YOUNG MOSUL CITIZENS IN CENTER OF CITY…
PARLIAMENT
PARLIAMENT REFORM BLOC ASSERTS IMMUNITY IS NOT AN OPTION FOR PRESIDENCY FOR JABOURI PURSUIT TO DISMISS VIOLATORS OF ABSENCE POLICY AND WILL BE VOTED BY PARLIAMENT WITHIN 2 WEEKS…IRAQ & KUWAIT AMBASSADORS DISCUSS DEMARCATION OF MARITIME BOUNDARIES BETWEEN THE TWO COUNTRIES…ABADI OFFICE CONFIRMS CONTINUATION OF GOVERNOR OF ANBAR OFFICE AND EXERCISE OF LEGAL POWERS…ELECTORAL COMMISSION STILL WORKING ON CASES OF FRAUD IN THE BALLOT BOXES…ABADI OFFICE CALLS FOR POLITICAL BLOC SUPPORT GOV’T EFFORTS TO OVERCOME SPLIT STATE…MINISTER OF CULTURE/ANTIQUITIES AND TOURISM ROANDZI ANNOUNCE ABADI WILL PROVIDE A LIST OF 7 MINISTERS TO HoR AND THE SELECTION PROCESS IS NOT EASY…PARLIAMENTARY FINANCE COMMITTEE REVEALS PENSIONS BEING PAID TO MEMBERS OF ISIS….CRISIS CELL OF COM AND MINISTRY OF JUSTICE AGREE TO LEND TO AGRICULTURAL AND INDUSTRIAL AND RESIDENTIAL PROJECTS AND BECOME INVOLVED TO ENSURE NO MANIPULATION OF TRANSFER & FEES TO REAL ESTATE…MP GHURARI ASSERTS THE ABSENCE OF POLITICAL AGREEMENT HAS LED TO THE DISRUPTION OF IMPORTANT LEGISLATION AND NATIONAL LAWS DESCRIBED AS GATEWAY TO IRAQ’S STABILITY INCLUDING HCL, FED COURT AND AMNESTY LAW BECAUSE OF PREOCCUPATION WITH MILITARY AND SECURITY FOCUS AND MAY BE PUSHED TO NEXT SESSION…JABOURI MEETS WITH DELEGATION FROM EU TO DISCUSS CARE FOR DISPLACED AND STABILITY OF LIBERATED AREAS…LEGAL COMMITTEE STATES PARL PRIVILEGES WILL BE CANCELED BEFORE ADOPTION OF HOUSE OF REPRESENTATIVES…
INVESTMENT/BUSINESS/ECONOMY
5 NEW OIL FIELDS DRILLED IN HALFAYA IN SOUTHEAST MAYSAN PROVINCE…RAFIDAIN BANK ASSERTS NEED TO ACTIVATE LOANS FOR SMALL PROJECTS TO REVIVE IRAQ’S NATIONAL ECONOMY…CBI ISSUES WARNING TO CITIZENS ABOUT MISREPRESENTATIONS ISSUED BY SCAMMERS OF INVALID TRANSFERS OF FUNDS FROM ABROAD….CBI ALLOWING FOR ESTABLISHMENT OF SOB’S TO SELL THE DOLLAR FOR TRAVELERS IN BAGHDAD AND PROVINCES…ISX ENDS SUNDAY SESSION ON RISE FINISHING UP 0.6% AT 556.66 UP 3.33 POINTS ON STRENGTH OF HOTEL AND BANKING SECTORS AFTER SHORTENED WEEKLY SESSION LAST WEEK DUE TO EXCESSIVE HEAT…DIWANIYAH GOVERNOR HASNAWI DISCUSSING OPENING OF WOMEN’S AND CHILDREN HOSPITAL WITH US COMPANIES…ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION….SALEH ANNOUNCES MOF WILL ISSUE BONDS FOR CONTRACTORS DUES TOTALING 5 TRILLION OF 7.6 TRILLION IQD THAT WILL BE INCLUDED IN 2017 BUDGET…IMF EXTENDS MOROCCO CREDIT LINE OF 3.5 BILLION DOLLARS FOR 2 YEARS…GOLD AT 217,000 IQD PIN ABUDSIRER WEIGHT…BAGHDAD MUNICIPALITY BEGINS TO OFFER 2400 RESIDENTIAL LAND PLOTS SCREENING…3 DAY PARIS BANKING CONFERENCE YIELDS MOU BETWEEN FRANCE & IRAQ DHI QAR IN JOINT EFFORT OF BANKING COOPERATION BETWEEN UNION OF BUSINESSMEN & IRAQI BUSINESS COUNCIL & INVESTMENT COMMISSION CHAIR ARAJI BETWEEN THE TWO AND SIGNAL IT SENDS TO INT’L COMMUNITY THAT WILL REFLECT POSITIVELY IN LABOR MARKET AFTER OBTAINING AGREEMENTS IRAQ HAS SIGNED SOON AND NOTING THE NEXT MEETING IN BAGHDAD WILL WITNESS THE START OF REAL BANKING COOPERATION BETWEEN BAGHDAD & PARIS OUTLINING EUROPEAN COUNTRIES PARTNERSHIP IN INVESTMENT PROCESS IN ENGAGING LOCAL & ARAB INVESTORS…
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1299.845 | 1299.195 |
| British pound | GBP | 1550.784 | 1550.009 |
| Canadian dollar | CAD | 894.844 | 894.397 |
| Swiss franc | CHF | 1197.083 | 1196.485 |
| Swedish krona | SEK | 136.812 | 136.743 |
| Norwegian krone | NOK | 137.740 | 137.671 |
| Danish krone | DKK | 174.728 | 174.641 |
| Japanese yen | JPY | 11.322 | 11.316 |
| Special Drawing Rights |
SDR | 1639.292 | 1638.473 |