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Iraqi Dinar/Dollar auction (most recent listing) 07-31-16
Currency Auctions Announcement No. 3248
This daily currency auction was held in the Central Bank of Iraq on the 07-31-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 31 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 162,823,950 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 162,823,950 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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tlm724 (Dinar Guru) – Loving the news outta Iraq! Article: “Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions…” love a time schedule…The central bank gives the government banks until September to adapt itself to the electronic systems. …take advantage of 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems…get those dinars in the bank! only 10 % of the population is using the electronic system right now but not for long! this is going to bring in trillions of dinars off the streets which is exactly what we want! stability is ongoing as well, all the things needed to make the transition and delete the zero’s!
Read More: http://www.dinarupdates.com/observer/
The central bank gives banks the government one month to implement electronic trading systems
Our economy / Baghdad – Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions, while among the beneficiaries and users proportion of those dealings in Iraq, “not to exceed” ten percent, favored the possibility of the contribution of orientations to expand their use and take advantage of 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems.
The governor of the central bank and the agency, on the Keywords, in an interview vassal agency our economy News, “The payment system is an important pillar of the banking and financial sector,” noting that it “consists of two phases first is related to the large total transactions between banks and companies within the system is settled and conducting clearing operations and liquidation of the great number of daily banking transactions. ”
He Keywords that “the second phase of a retail of transactions daily for individuals to pay their obligations through electronic or mobile phone and other card payment system,” noting that “the role of the central bank is monitoring and supervision beyond the field to the presence of problematic in banking transactions at the country level and the requisite large size of the precise organization. ”
He explained the governor, that “the role of the central bank may be an operator or partner or used for system electronic banking,” stressing that “the future role of the Central Bank is to supervise the system to be entrusted to operating the task to a company or a group belonging to the private sector companies.”
Keywords and saw that “the application of electronic trading requires work to provide the infrastructure required,” pointing out that such “legislative legal structure governing the banking services to all its details.”
He said the central bank governor, that “the Central Bank conducted a comprehensive review of the laws of banking and regulations in force and to develop an initial draft of the required legislation in this area, and issued an electronic payment system and controls subscribe to the infrastructure of the payment system retail,” noting that “the amount of $ 20 trillion dinars are being handled by a month under this system, a fast, accurate and support the national economy, away from a lot of problems. ”
Promised Keywords, said that “very cool and sophisticated retail payment system and helps the bank to follow all these processes and to prevent violations and abuses, which is updated through the end of 2015, which are no problem,” pointing out that “the Central Bank is currently working with the World Bank to review and evaluate the national payments system, where it was formed three locations of the data in the whole of Iraq, as well as one location outside Iraq to recover from the risks. ”
He went on, saying the central bank governor, said that “Iraq needs a comprehensive banking systems, followed by the banking system to be able to achieve its objectives,” revealing “a lack of State-owned banks for such an electronic system even though it has hundreds of branches.”
And gave Keywords “State-owned banks until next September, to adjust their positions within this electronic system,” Mstrsla that “the central bank takes the organizational side by issuing controls the use of electronic credit cards and there are plenty of companies that submitted bids for work on the processing of these cards the bank to the fact that the center has divided National, which regulates these processes, and represents an incubator electronic banking operations. ”
Continued conservative, that “the Bank has developed a court will be launched in early 2017 to regulate such operations plan,” and expressed regret that “as a result of the low percentage of beneficiaries and users in Iraq who do not exceed ten percent, and eight percent of these are very limited operations such as receiving only salary, and that only two percent of Iraqis are using smart cards “.
He expressed the Keywords, believed that “the trends in will help expand financial inclusion through the entry of more citizens to these systems and thus take advantage of in the possession of people’s money supply which amounts to 77 percent outside the system, as well as get rid of the cash circulation problems.”
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Abadi Office describes the accusations as serious Defense Minister
(Voice of Iraq) – Baghdad – Description Office of the Prime Minister Haider al – Abadi, accused Defense Minister Khaled al – Obeidi, corruption to Parliament Speaker Salim al – Jubouri , and a number of MPs and officials to “serious.”
A spokesman for the office , Saad al – Hadithi, in a televised statement, this evening , “there are fears the charges and is dangerous , ” noting that “investigative boards will characterize the validity of these accusations with evidence and clues.”
He pointed out, ” The law provides for raising the legal immunity of a deputy accused after the vote on the adjournment , ” stressing ” the law is above all and there is no immunity for anyone , and there is a mechanism to lift the immunity but this is premature and the issue is still the Department of accusation and integrity will in question as directed by the Prime minister. ”
The Prime Minister Haider al – Abadi may face earlier in the Integrity Commission to investigate the allegations raised in the questioning of the Minister of Defence in the House of Representatives hearing today about corrupted files that are to cooperate with the committees to verify the House of Representatives on the subject and not one is above the law . ”
It is said that Defense Minister Khaled al – Obeidi, was accused in the interrogation at the parliament session today Parliament Speaker Salim al – Jubouri and deputies to exercise extortion to pass arming decades around suspicions of corruption worth millions of dollars, while al – Jubouri , strongly denied the accusations and defense minister, describing them Palmsarhh to derail the questioning, declaring at the same time his intention to sue al – Obeidi to these accusations and hauling raised by the Commission on Public integrity to investigate them.
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firefly (Dinar Guru) – Article: “Parliamentary Finance is discussing with the new managers of the banks to maintain liquidity” Quote: “Parliamentary Finance Committee discussed with the new bank directors, maintaining Iraq’s cash flow from waste, as well as discuss the Banking Act.” as well as discuss the Banking Act. Quote: “These meetings aim to walk according to the draft reforms as well as for the organization of Iraqi banks and prevent manipulation.” the draft reforms…REFORMS!!! …expect some great news this week. I’m looking for some huge items mid week. ALWAYS follow the money. They could talk economic reforms all they want but… What can you do at 1166?
Read More: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) – Article: “The central bank reveals the date of launch electronic currency” I don’t want to get people overly excited but this is very good news. The CBI has always stated that one of the reasons for deleting the zeros was to get rid of the zeros because it makes it difficult in calculations and errors can occur. I cannot see the CBI going to electronic dinar without removing the zeros first. Otherwise, it seems that they would only be creating a bigger issue than they already have. Keep fingers crossed.
Read More: http://www.dinarupdates.com/observer/
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Maliki a “Corrupt Dictator”: MEP
BRUSSELS — Struan Stevenson, the President of the European Parliament’s Delegation for Relations with Iraq, described the former Iraqi PM Nouri al-Maliki as “a corrupt dictator” who led the country into a civil war.
Stevenson revealed some facts about the former Iraqi PM and how the Iraqi Shi’ite-led government waged sectarian war on Sunni citizens in the country as well as the level of Iran’s interference in Iraq. He said, ”Five years ago when I was elected as the chair of the delegation for relations with Iraq in this house [EU parliament] to cement good relations between the European Parliament and Iraq, to build a good sympathetic relationship, within a very few weeks I exposed the fact that Nouri al-Maliki is a corrupt dictator,” he said.
Stevenson explained that he was told by many people in Brussels to shut up because Iran, the US and the UK insisted on the fraudulent re-election of Nouri al-Maliki; ”But I refused to shut up.”
Maliki later accused him of being an enemy of Iraq and a liar in a press statement, but “he (Maliki) then sent an envoy from Baghdad to my office in the European Parliament to ask me what it would take to make me shut up and I said what it would take will be your resignation and your indictment for crimes against humanity”, Stevenson said.
In 2010, Maliki lost election to Ayad al-Allawi by two seats, but Iran did not allow Allawi to become the Iraqi PM since he was frequently criticizing Iran’s interference in Iraq’s affairs.
The US and the UK also supported Maliki to form a coalition and take the office, Stevenson revealed. “That was a short term mistake and it was a tragedy for Iraq and the whole region,” he argued.
Stevenson said that the new Iraqi PM Haidar al-Abadi has admitted that “there are over 1 million armed Shi’ite militia active in Iraq, which are backed, financed and led by the Quds force from Iran waging sectarian war on the Sunni population and then the world asks why is the Sunni tribes members in Anbar and Diyala are not standing up and fighting alongside the Iraqi army to get rid of ISIS?”.
“Because the Sunni people think that the Shi’ite militias are worse than ISIS” Stevenson believes.
“If we are serious about ridding the world of ISIS and if we are serious about encouraging the Sunnis in Iraq to join force with the Iraqi military and Peshmerga to help oust ISIS, and this is the only practical way that we can fight against ISIS, then we must get rid of the Iranian interference in Iraq,” he argued.
People’s Mojahedin Organization Of Iran (PMOI) has revealed 30,000 names of Iraqi Shi’ites who are working in the army, intelligence services, and in the administration of Iraq who have been trained and are being paid a weekly wage by Iran, said the EU official.
Read More: http://www.basnews.com/index.php/en/news/iraq/289976
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RCookie NEWS Recap
(from) WEDNESDAY JULY 27TH, 2016
GENERAL
UN JAN KUBIS STATES THE PRIORITY FOR KURDISTAN NEEDS TO BE WAR ON ISIS AND NOT INDEPENDENCE…JAFAARI THANKS KUWAIT FOR ITS CONSISTENT SUPPORT ON ISIS AND DISPLACED SUPPORT AND POSTPONEMENT OF DEBT…JUDICIARY ANNOUNCE RELEASE OF 10,791 WITH SUSPENDED SENTENCES AND FOUND NOT GUILTY WITH 1608 CHARGED WITH TERRORISM…MALIKI CALLS FOR INTEGRITY TO RESTORE STOLEN PUBLIC MONEY AND DISRUPT & DISMANTLE ECONOMIC BODIES SET UP BY CORRUPT..…MINISTRY OF HEALTH & ENVIRONMENT AGREE TO ACTIVATE JOINT COOPERATION WITH JAPAN THROUGH JICA FOR INDUSTRY AND SERVICE ACTIVITIES…DISPLACEMENT & MIGRATION MINISTER ASSERTS MORE THAN 1 MILLION DISPLACED HAVE RETURNED TO THEIR HOMES SINCE BEGINNING OF ISIS OCCUPATION…PLANNING REVEALS 850,00 WIDOWS AND 600,00 ORPHANS ON LATEST 2016 STATISTICS…IRAQ & UNESCO DISCUSS SCIENTIFIC & HUMANITARIAN CURRICULUM DEVELOPMENT TEACHERS PROFESSIONAL TRAINING…IRAN CUTS ELECTRICITY SUPPLY TO IRAQ NATIONAL GRID TO 2 PLANTS TOTALING 800 MW WITHOUT WARNING DUE TO SELF PRESERVATION MECHANISM SYSTEM…JAFARI REQUESTS JORDAN EXPEDITE & FACILITATE PROCESSING VISAS FOR IRAQIS…JABOURI MEETS WITH NEW ZEALAND AMBASSADOR TO THANK FOR ONGOING SUPPORT AND INCREASE FUTURE BILATERAL TIES…ABADI OFFICE DECLARES SOME CATEGORIES OF INCOME TAX STILL UNDER DISCUSSION…ZEBARI MEETS WITH US & JAPANESE AMBASSADORS TO DISCUSS CONTINUED SUPPORT AWAY FROM DONORS CONFERENCE…
BUSINESS/ECONOMY/INVESTMENT
AUCTION SALES FLAT AT $154 MILLION…TRANSPORT MINISTER ABTAN ANNOUNCES MINISTRY READY TO OPEN THE DOOR TO INVESTMENT FOR THE PORT OF FAW PROJECT WITH 14 RESPONANTS FROM INT’L COMPANIES INVITED…GOLD RISES TO 217,000 IQD TO THE WEIGHT…BASRA GOVERNOR NASRAOUI ASSERTS PORT OF FAW WILL YIELD 10 TIMES VOLUME OF EXISTING 5 PORTS AND A 3RD PORT TO SERVICE WITH SAUDI ARABIA TO OPEN SOON…MINISTRY OF COMMERCE AND WORLD BANK APPROVE DRAFT MECHANISM OF ELECTRONIC SYSTEM OF DEPARTMENT OF REGISTRARS COMPANIES…HEAD OF ECONOMIC & INVESTMENT CMMISSION BOLANI CALLS FOR PARL TO FORM COMMITTEE FOR SPEED UP THE OMPLETION OF PORT OF FAW…BAGHDAD INVESTMENT INTENDS TO INTRODUCE 33 NEW PRIVATE SECTOR PROJECTS TO LOCAL & FOREIGN BUSINESS WORTH OVER $ 1BILLION USD IN EARLY AUGUST…ISX RISES 0.94% TO CLOSE 560.35 UP 5.24 POINTS AFTER 2 DAYS IN DECLINE…ZEBARI MEETS WITH MINISTER OF PLANNING AND CBI GOVERNOR ALAK AND PM ECONOMIC ADVISOR SALEH TO DISCUSS MAXIMIZING FINANCIAL RESOURCES OF STATE TO MOVE IRAQI ECONOMY & SERVICES TO CITIZENS PERTAINING TO ENERGY PROJECTS AND HOUSING FOR THE DISPLACED AND AWAY FROM FINANCIAL & ADMIN CORRUPTION…ELECTRICITY MINISTER QASIM MEETS WITH CROATION AMBASSADOR URICH TO DISCUSS PROMOTE COOPERATION TO DEVELOP ELECTIC ENERGY COOPERATION PROJECTS…OIL DOWN TO 3 MONTH LOW AT $44.38 OPEC BASKET TO $40.62…JAFAARI AND JORDAN AMBASSADOR ANANI TO ACCELERATE OPENING OF TREBIL BORDER CROSSING…RASHEED & RAFIDAIN SIGN CONTRACT WITH ERNST YOUNG AS CONSULTANT FOR APPLICATION OF UNIVERSAL BANKING SYSTEM TO BE APPLIED IN THE 2 BANKS INCLUDING PROMOTING FINANCING & INVESTMENT ACTIVITIES IN AGRICULTURAL & INDUSTRIAL SECTORS & TO BE COMPLETED WITHIN 125 DAYS UNDER AUSPICE OF MOF…
PARLIAMENT
LEGAL COMMITTEE STATES “WE WILL REMOVE THE MATERIAL PRIVILEGES” FROM PARLIAMENT ACT AND DID NOT SEND TO COM…SADR CALING FOR ALL CURRENT & FORMER MEMBERS OF LIBERAL BLOC TO BE REFERED TO INTEGRITY COMMISSION…PARLIAMENT SOURCE CONFIRMS THE REPLACEMENT OF ALL COMMITTEE HEADS AWAY FROM QUOTAS OR SECTARIAN…STATE OF LAW CONFIRMS ABADI WILL RESOLVE 7 MINISTERS DURING EID AL-ADHA…FRONT REFORM STATES THEY WILL NOT AGREE ON POLITICAL PARTY CANDIDATES FO VACANT POSTS…CABINET IN CONJUCTION WITH MOF & CBI APPROVED PAYMENT OF SALARIES AND DUES FOR PEASANTS & FARMERS IN CASH RATHER THAN BONDS…PARLIAMENTARY FINANCE PLANS TO CANCEL PRIVATE BANKS IN CBI MOVE TO MONITOR AND EVALUATE THEIR PERFORMANCE AND LACK OF INVOLVEMENT TO FACILITATE AND GROW PRIVATE SECTOR BUT RATHER MAIN FUNCTION BEING CURRENCY AUCTION WINDOW WHICH NOT CORE ACTIVITY BUT SECONDARY AND NOT ACTIVATE PRIVATE SECTOR SME LOANS…MP DEPUTY TURAN CALLS FOR PARLIAMENT TO REJECT THE LAW AND RETURN OF LAND SEIZED BY PREVIOUS GOVERNMENT FROM CITIZENS THROUGH SPECIALTY COURTS IN PROVINCE OF KIRKUK GROUNDS UNCONSTITUTIONAL…EMERGENCY SESSION HELD TODAY TO SELECT COMMITTEE HEADS WHICH TO BE SUPLEMENTED WITH BI-ANNUAL ELECTIONS IN FRONT OF 180 DEPUTIES…PARL LEGAL ISSUES REASON BEHIND DELAY IN VOTE ON IMPORTANT BILLS AS LACK OF CONSENSUS BETWEEN POLITICAL BLOCS & MOST HAVING HAD 1ST READING AND AMENDING AND DESIRE TO EOLVE IN CURRENT LEGISLATIVE TERM..…JABOURI CONFIRMS PARLIAMENT INTENTION TO MAINTAIN DEMOCRATIC STRUCTURE AND ITS INSTITUTIONS…JUSTICE MINISTER TO BE ADDED TO PARL LEGAL COMMITTEE AS PANEL TO QUESTION MOD OBEIDI IN COMING DAYS…
SECURITY
ISLAMIC SUPREME COUNCIL LEADER HAKIM STATES THE BATTLE OF MOSUL WILL COMPLETELY BREAK THE BACKS OF ISIS AND MILITARY TERRORISM…INTERNATIONAL COALITION CONDUCTS 22 SORTIES ON IRAQ & SYRIA…KARBALA DIGGING SECURITY TRENCH 70 KM LONG ON IRS WESTERN BORDER…MINISTER OF PESHMERGA ANNOUNCES “OUR TROOPS WILL WITHDRAW FROM CITY OF MOSUL JUST AFTER THE LIBERATION…DEFENSE MINISTRY INVITES COLLEGE GRADUATES TO JOIN MILITARY WITH THE RANK OF LIEUTENANT…ISF AVIATION DEAL FATAL BLOW TO ISIS ELEMENTS AND PRESENCE IN KHALADILYA ISLAND KILLING DOZENS OF ISIS ELEMENTS AND DESTROYING HEADQUARTERS AND NUMEROUS BOOBY TRAPPED WHEELS…JABOURI CALLS FOR IMMEDIATE ACTIVATION OF PLANS TO CARE FOR THE NEWLY DISPLACED…US FORCES HELP ISF BUILD A BRIDGE OVER TIGRIS RIVER IN KEY STRATEGIC INITIATIVE FOR MOSUL LIBERATION BATTLE…GARVER STATES DISCOVERY OF “TREASURE TROVE” OF VALUABLE PAPERS AND DOCUMENTS REVEALING ISIS INTERNAL DATA IN SYRIAN TOWN MANJEB…
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1310.838 | 1310.183 |
| British pound | GBP | 1554.212 | 1553.435 |
| Canadian dollar | CAD | 897.494 | 897.046 |
| Swiss franc | CHF | 1200.975 | 1200.375 |
| Swedish krona | SEK | 137.668 | 137.599 |
| Norwegian krone | NOK | 138.853 | 138.784 |
| Danish krone | DKK | 176.192 | 176.104 |
| Japanese yen | JPY | 11.273 | 11.268 |
| Special Drawing Rights |
SDR | 1643.358 | 1642.537 |