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Iraqi Dinar/Dollar auction (most recent listing) 08-10-16
Currency Auctions Announcement No. 3256
This daily currency auction was held in the Central Bank of Iraq on the 08-10-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 150,128,953 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 150,128,953 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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rcookie (Dinar Guru) – Article: “Parliamentary Legal apply to the presidency of the parliament to display the general amnesty law Thursday” […there are those that say the passing of the Amnesty law will bring us $1.00. Do you believe this to be so?] NO…I DONT DO DATES AND RATES…BUT THE GENERAL AMNESTY LAW IS NECESSARY AND IMPORTANT ON MANY FRONTS INCLUDING NATIONAL RECONCILIATION AND INT’L CREDIBILITY, CONFIDENCE AND STABILITY OF IRAQS LEGISLATIVE & JUDICIAL INSTITUTIONS…INSTITUTIONAL STABILITY… [WITH THE AMNESTY LAWS DO YOU THINK THE OBSTRUCTIONIST WILL MOVE OUT OF THE WAY AND GET THINGS GOING?] YES I DO…I THINK IT WILL IMPACT THE ENTIRE LANDSCAPE TOWARD THAT END…IMHO.
Read More: http://www.dinarupdates.com/observer/
DU NEWS RECAP by RCookie
WEDNESDAY AUGUST 10TH, 2016
GENERAL
GOLD AT 219,00 IQD TO THE WEIGHT…AUCTIONS AT $150 MILLION…ZEBARI PRESIDES OVER ECONOMIC AFFAIRS COMMITTEE ALONG WITH CBI GOVERNOR & CHAIR OF INVESTMENT AUTHORITY & INDUSTRY MINISTRY MEETING TO DISCUSS WINTER STRATEGY FOR BAGHDAD SERVICES PROJECTS WATER, SEWERAGE AS WELL AS PRIVATE SECTOR MEDICINE AND INDUSTRY…ABDUL BARI ZEBARI ELECTED TO PARLIAMENT FOREIGN RELATIONS COMMITTEE CHAIRMAN…JAFAARI ANNOUNCES ESTABLISHMENT OF FOREIGN CONSULS IN BASRA PROVINCE INCLUDING US, RUSSIA, KUWAIT, IRAN AND EGYPT FOR ECONOMIC & POLITICAL FACILITATION…NORWAY ANNOUNCES TOTAL RECONSTRUCTION SUPPORT TO IRAQ $10.6 MILLION FOR 2016…
SECURITY
ABADI DECLARES EDITING OF ISIS IN MOSUL NEAR WITH START OF 3RD AND FINAL PHASE AND PEOPLE WILL BE CELEBRATING SOON…DEFENSE MINISTRY ANNOUNCES RECEIPT OF SURVEILLANCE & RECONNAISSANCE “WIRE” AIRCRAFT IN ADDITION TO 3RD MEAL OF F-16 COMBAT JETS…ABADI ASSERTS THE USE OF AMERICAN AND IRANIAN CONSULTANTS TO LIBERATE MOSUL…ASADI ASSERTS READINESS TO LIBERATE MOSUL AND HAWIJA AND AWAIT ABADI ORDERS…SECURITY COMMAND ANNOUNCE COMMENCEMENT OF LIBERATION OF AREAS BETWEEN SALAHUDDIN AND DIYALA…INTERNATIONAL COALITION CONDUCTS 25 SORTIES IN IRAQ AND SYRIA…US COMMANDER SEAN MCFARLAND ANNOUNCES THE KILLING OF 45,000 ISIS ELEMENTS IN IRAQ & SYRIA OVER PAST 2 YEARS & 25,000 IN LAST 11 MONTHS…
PARLIAMENT
REFORM FRONT MP JABOURI ASSERTS MONDAY WILL SEE THE WITHDRAWAL OF CONFIDENCE FROM MoD OBEIDI…JABOURI RETURNS TO REGULAR EXERCISE HIS DUTIES AND ROUTINE AS SPEAKER OF PARLIAMENT…PARLIAMENTARY FINANCE REVEALS THE WASTE OF $500 BILLION FROM PREVIOUS YEARS AND ADMINISTRATIONS…PARLIAMENT AGENDA TOMORROW INCLUDES FREEDOM OF EXPRESSION LAW VOTE, 1ST READING OF 3RD AMENDMENT TO IRREGULAR PROVINCE ACT, & READ THE 4TH AMENDMENT TO LAW OF JOURNALISTS SYNDICATE, DISCUSS DRAFT AMENDMENT CARE OF MINORS LAW, AND LAW OF STATE BANKS….PARLIAMENT INVESTMENT COMMITTEE NAMES KANANI AS CHAIRMAN TO REPLACING JAWAD BOLANI…PARLIAMENTARY FINANCE CHAIRMAN HALBUSI WILL MEET TUESDAY WITH GOV’T OFFICIALS CONCERNING ANY OBSTACLES FACING ACHIEVEMENT OF INCREASING NON OIL REVENUES RU SUPPORT BUDGET & PREPARE REPORT THAT OUTLINE PROBLEMS & OBSTACLES INTERFERING WITH GOALS AND MEANS TO SOLVE THE PROBLEMS INCLUDING FINANCIAL & ECONOMIC POLICIES WITHIN THE MEMORANDUM WITH THE IMF AND CONVENTION FUND LOAN FOR IRAQ (SBA) AND HOST A PANEL OF SPECIALISTS & ADVISERS IN CoM AND CBI GOVERNOR, CHAIRMAN OF SUPREME AUDIT AND SALEH AND WILL INCLUDE JAPANESE LOAN DISCUSSIONS TO TO PRIORITY STATUS OF PROJECTS IN KURDISTAN REGION AND SET UP 3 SUBCOMMITTEES FOR INDEPENDENT BUDGETS TO HoR, SUPREME JUDICIAL COUNCIL & HUMAN RIGHTS COMMISSION AS WELL AS OIL LICENSING TOPICS RELATED TO 2016 BUDGET LAW…
BUSINESS/INVESTMENT/ECONOMY
MINISTRY OF CONSTRUCTION & HOUSING SIGN AGREEMENT WITH WORLD BANK TO REBUILD MUTHANNA BRIDGE IN BAGHDAD…CBI ESTABLISHES STANDARDS OF 7 CRITERIA FOR SELLING OF FOREIGN CURRENCY AND THE BANKS CLASSIFIED INTO PARTICULAR CATEGORIES…KUWAIT OFFICIALLY PARDONS IRAQ’S DEBT FOR THREE YEARS,…CITIBANK RELEASES STATEMENT EXPRESSING “CONFIDENCE IN IRAQ’S INVESTMENT PROSPECTS” AND REITERATES “CITI ALREADY HAS AN ESTABLISHED RELATIONSHIP WITH BANK OF BAGHDAD, NATIONAL BANK OF IRAQ, TRADE BANK OF IRAQ, & KURDISH NATIONAL BANK & OUTLINED CITI AS 1ST GLOBAL BANK TO COMMIT ITSELF TO IRAQ DEVELOPMENT IN 2013 AND CALLED IRAQ’S ECONOMY “A SLEEPING GIANT” AND ADDED “IRAQ’S GROWTH WILL REFLECT PROGRESS ON RESTORING STABILITY” NECESSARY TO RESTORE ITS ECONOMY & CONTINUE TO SEE “LONG TERM OPPORTUNITIES TO OFFER OUR INTERNATIONAL SERVICES” IN A COUNTRY WITH HUGE ECONOMIC POTENTIAL AND PROSPECTS PROVIDING AN IMMENSE OPPORTUNITY AND FURTHER AVOWS “CITI IS IN IRAQ FOR THE LONG TERM AND INTENDS TO STAY THE COURSE” WHILE ASSERTING NOT TO BE A SINGULAR FOCUSED TRADITIONAL BANKING SERVICES ENTITY BUT RATHER “ON GROUND RELATIONSHIP BUILDING COMPONENT OF REBUILDING IRAS INFRASTRUCTURE & MODERNIZATION INCLUDING FINANCING THE PURCHASE OF BOEING AIRCRAFT PROJECT OF IRAQI AIRWAYS TRU CLOSE RELATIONSHIP WITH US IMPORT/EXPORT BANK (EXIMBANK) AND OUTLINES ONE OF CITI’S MOST IMPORTANT ROLES IS TO “RECONNECT IRAQ TO THE GLOBAL FINANCIAL MARKETS WHICH IT HAS BEEN ABSENT FROM FOR MANY YEARS” AND INTENTION TO WORK WITH CITI AND DEUTSCHE BANK TO MANAGE BOND ISSUES THROUGH MoF…
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Abadi plans to put forward three candidates for each ministry to parliament soon
House of Representatives awaiting the arrival of the new cabinet reshuffles, “” Prime Minister Haider al-Abadi; to study; in preparation for a vote in parliament.
According to leaks that the prime minister intends to put forward three candidates for each ministry names are selected after negotiations with the political blocs. Provided that the “efficiency” are essentially standard in filtration.
In this regard, MP for the coalition of state law, Haider Mawla says the parliament awaiting a list of the names of the Prime Minister “substitutes” for those who have resigned or sacked minister.
He adds in an interview with “New Morning”, “The Abadi will present three candidates for each Zarh- with Almatah- walked to the House of Representatives, to be read and see them as a prelude to display a vote within the dome of the House of Representatives.”
He called on the prime minister to the Lord “to choose a professional, efficient and able to manage the ministries in the subsequent stage names, in addition to the importance of the fast advance of the arrival of the names, until a minister bench duties.”
His colleague in the coalition of state law, Sheikh Ahmed Taha Ali, says that there are discussions taking place between the political blocs on the forthcoming cabinet reshuffle, according to the announcement by the Prime Minister. ”
He adds in an interview with “New Morning”, “The Prime Minister announced on multiple occasions for MPs, it is the process of selecting efficient management capable of managing the ministry.”
Stressing the importance to have it, “in coordination with the political blocs, in order to be a successful process of change and win the vote in parliament.”
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Kaperoni (Dinar Guru) – Article: “Economist: the need to work with international standards of banking sector reform” Quotes: “reform of the banking sector with the support of the Central Bank and to take decisive and quick decisions to correct all the negative tracks” “accompanied by the adoption of new financial monetary policy lead to comprehensive reform” We are about to see banking reforms full speed ahead. And be assured, currency reform is part of even though it is not mentioned.
Read More: http://www.dinarupdates.com/observer/
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rcookie (Dinar Guru) – BEEN WAITING FOR THIS…ITS A BIGGIE!! Article: “Parliamentary Legal apply to the presidency of the parliament to display the general amnesty law Thursday” SO ACCOUNTABILITY & JUSTICE LAW AND AMNESTY LAW WITHIN 2 WEEKS OF EACH OTHER…BOULYAAAAAH!
Read More: http://www.dinarupdates.com/observer/
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The central bank adopted an open door policy to communicate with banks and money transfer
BAGHDAD – Central Bank announced on Monday adopted an open door policy to communicate with the licensed private banks, financial firms and conversion, as well as a broker in the sale and purchase of foreign currency businesses.
According to a statement of the bank, received / balances News / copy of it, that “the Bank Asatmd open-door policy to reach out and listen to the notes and the obstacles facing it, the belief that interactive relationship and direct communication would Breaking the difficulties and eliminates bureaucratic phenomena and prevent exploitation and favoritism,” noting that “the new policy will help build the banking and financial sector, decent, in reference to the approved private banks, financial firms and conversion, as well as a broker in the sale and purchase of foreign currency businesses.”
He said the bank, he “devoted Emil particular to communicate and receive conservative directly up to this email”, calling for “Send comments or suggestions or request interviews Governor of the Bank of the email bearing in mind that all of this is in the framework of the observance of laws and regulations and instructions.”
He pointed out the bank, that “some claim that exposure to blackmail from the staff in order to stroll treated at the central bank often be motivated by other co-opt for mediation and intervention, which is a very dangerous practice if it is incorrect, as is happening in what we learn it from the cases of the professional and national duty to be informed of Directors of the Bank directly in order to counter any negative phenomenon does not help to provide a safe and fair environment will appreciate these positions and put them in a whistleblower integrity, honesty and diligence box. ”
The bank noted that “some who apply right decisions and actions of the Central Bank are using the media or communication sites accusations and defamation staff responsible for the conduct of transactions or in charge of surveillance and investigation, including damages to the Central Bank, a tactic inconsistent with the lowest fitness and professionalism and objectivity degrees and it is unthinkable in the banking sector and financial, which settled in more countries around the world on the best practices and the highest degree of professional, social and ethical responsibility “.anthy 29/33 h
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DU NEWS Recap by RCookie
(from) SUNDAY August 7th, 2016
ECONOMY/INVESTMENT/BUSINESS
TRANSPORT MINISTER HUSSEIN ANNOUNCES ROAD (LAND) TRANSPORT BUSINESS VOLUME UP 300% (742 MILLION)….GOLD AT 219,000 IQD PER WEIGHT…”QUANTUM LEAP” RECOVERY IN IRAQI REAL ESTATE MARKET EXPECTED DUE TO PLETHORA OF PROJECTS ALIGNED FOR EXECUTION IN COMING PERIOD WITH MORE THAN $4 BILLION IN CBI FUNDS ALLOCATED…MARITIME TRANSPORT PREPARING FOR FLOATING MARINE STATION WITH CAPABILITIES OF 9 SHIPS AS PART OF PORT SERVICES OFFERED…INTERNATIONAL UNION ARAB BANKERS REP NASSIRI ASSERTS 64% OF TOTAL (92 COMPANIES) ISX TRADING MARKET IS IN BANKING SECTOR WITH 36% FROM ALL OTHER SECTORS AND CALLS FOR DISCLOSURE OF TRANSPARENT MONTHLY DATA REPORTING WITHIN ROLE OF MARKET SECURITIES TO ATTRACT INT’L INVESTMENT AS WELL AS LAUNCHING NATIONAL DEPOSIT INSURANCE SCHEME AND FACILITATE GOAL OF RAISING THE SAVINGS RATIO & ADDRESS LIQUIDITY CRISIS IN MARKET AND BONDS PROGRAMS AS WELL AS LAUNCH OF ELECTRONIC PUBLISHING TECHNIQUES OF MARKET DATA TO INCREASE ISX INVESTMENT & AWARENESS…SALEH STATES THAT IRAQ WILL RECEIVE TOTAL OF $2 BILLION IN IMF SBA ENDS IN TOTAL BY END OF 2016 WITH REMAINDER SPREAD OVER REMAINING YEARS…MANSUR INVESTMENT BANK REPORTS SECOND QUARTER PROFITS UP 5.7% (4.08 BILLION IQD) AGAINST SAME PERIOD LAST YEAR BRINGING YTD PERFORMANCE UP 8.93% (11.58 BILLION IQD)…THE COMPANY CONFIRMED TODAY AT 1ST MEDIA FORUM THAT 4.7 MILLION IRAQIS CURRENTLY USING QI CARD AND LOOKING TO EXPAND ACTIVITIES IN VARIOUS COUNTRIES WHERE RAFIDAIN BANK BRANCHES EXIST WITH MINIMAL CORRUPTION OF SALARIES DELIVERY AND ELECTRONIC CERTIFICATES OF BIRTH & DEATH AND RETIREMENT BENEFITS OF MARTYRS…IRAQI STOCK EXCHANGE ANNOUNCED TODAY THE LAUNCH OF INVESTMENT FUNDS AND ADD NEW FINANCIAL INSTRUMENTS FOR TRADING IN COLLABORATION WITH THE CENTRAL BANK AND GIVE THE FUND A PRIORITY AWAY FROM THE COMMITTEE ISSUING LICENSING FROM JULY 17TH IN THE SECURITIES COMMISSION DEPARTMENT OF REGISTRATION OF COMPANIES TO ATTRACT NATIONAL AND FOREIGN SAVINGS & INVESTMENT IN SECURITIES AND ADD TOOLS TO FINANCIAL TRADING WITH ECONOMIST HABIB CALLING FOR PRIORITIZATION OF INVESTMENT FUNDS IN PROCESS OF ECONOMIC DEVELOPMENT ESPECIALLY IN AGRICULTURE & INDUSTRIAL AS INVESTMENT FUNDS ARE A VIABLE SOLUTION TO FUNDING PROBLEMS EXPERIENCED IN NATIONAL ECONOMY AND AT SAME TIME WILL DRIVE PRODUCTIVE SECTORS AND MAJOR STRATEGIC PROJECTS CURRENTLY STALLED AND ENABLE THEM TO THRIVE & PROFIT IN IMPORTANT SECTORS SUCH AS TRANSPORT AND INDUSTRIAL THROUGH SHARES OFFERED IN JOINT STOCK COMPANIES……IRANIAN NON OIL EXPORTS TO IRAQ RISE 23% TO $2.4 BILLION USD IN 4 MONTHS OF IRANIAN NEW YEAR OVER DSAME PERIOD LAST YEAR…SALEH ISSUES STATEMENT THAT DONORS FUNDS TOWARD DEVELOPMENT INVESTMENT WILL ATTRACT FOREIGN INVESTORS AND BRING STABILITY POST ISIS…
GENERAL
AUCTION SALES AT $139 MILLION…INTEGRITY ANNOUNCES NEED TO ADDRESS WRINKLES IN PRODUCT PROTECTION SYSTEMIC PROBLEMS IN CUSTOMS TARIFFS QUALITY CONTROL & INSPECTION RESULTING FROM COMPANIES FAILURE TO LEGALLY CONFORM TO NEW GUIDELINES FOR PRODUCERS ENTERING IRAQI MARKET…IRAQ TOURISM MINISTER ZUBAIDI SIGNS MOU WITH AFGHANISTAN REGARDING AREA OF JOINT COMMITTEE AND BILATERAL COOPERATION IN TOURISM BETWEEN 2 COUNTRIES…NORTHER BASRA BORDER POINT WITH IRAN READY FOR REOPENING…ANBAR GOVERNOR REPLACES THE MAYOR OF FAQLLUJAH WITH SHALAAN…BASRA AIRPORT ANNOUNCES COMPLETION OF LOGISTICAL & TECHNICAL GATHERING CENTER FOR PILGRIMS TO THE HOLY LAND FOR THIS YEAR INCLUDING ALL NECESSARY LOUNGES & AMENITIES…UN ASSERTS 1.6 MILLION DISPLACED WILL CAST VOTES IN LOCAL ELECTIONS IN PROVINCES…BASRA CITIZENRY DEMANDING LARGER PERCENTAGE JOB OPPORTUNITIES FOR WORKERS IN FOREIGN OIL COMPANIES…ZUBAI ANNOUNCES THE ADVANCED APPLICATION ®ISTRATION OF 52 POLITICAL BLOCS…485 DISPLACED FAMILIES RETURNED TO THEIR HOMES IN MUQDADIYAH…FALLUJAH RESIDENTS BEGINNING RETURN TO THEIR HOMES WITH MORE CONCENTRATED NUMBERS EXPECTED IN COMING DAYS…IMMIGRATION DEPARTMENT ANNOUNCES THE RETURN OF 51,000 DISPLACED FAMILIES IN ANBAR PROVINCE…
PARLIAMENT
JABOURI MAKES STATEMENT IN TESTIFYING TO INVESTIGATIVE COMMISSION CONCERNING OBEIDI QUESTIONING SESSION IN PARLIAMENT AND ACCUSATIONS OF VARIOUS PARLIAMENT MEMBERS INVOLVEMENT IN OBEIDI ALLEGATIONS…PARLIAMENT WILL VOTE ON HOLIDAYS ACT TO MINIMIZE OFFICIAL NATIONAL RELIGIOUS & GOV’T HOLIDAYS WHICH IS GREATLY AFFECTING WORK OF THE STATE ESTIMATED LOSSES OF 150 BILLION ANNUALLY TO ECONOMY…PARLIAMENT CONTINUES QUESTIONING OF OBEIDI IN CLOSED DOOR INTEGRITY SESSION AND ASKED WHY HE DID NOT REPORT AND NAME NAMES EARLIER AS HE PROVIDED WITNESS STATEMENTS & DOCUMENTS TOWARD TESTIMONY AND PANEL WITNESS CODIFICATION PROCESS FROM ABADI PANEL WHILE OTHER REPORTS STATE OBEIDI REFUSED TO TESTIFY CONCERNING EVIDENCE OF INDIVIDUALS HE NAMED FROM PREVIOUS SESSION …ELECTORAL COMMISSION ASSERTS READINESS OF REGIONAL ELECTIONS IN ALL AREAS EXCEPT KURDISTAN…JABOURI PROCLAIMS HIS LEGAL ABILITY TO PUBLISH RELEASE THE AUDIO/VIDEO TESTIMONY OF OBEIDI 1ST SESSION AND PURSUE DEFAMATION LAWSUIT…COURT OF CASSATION SENT PEREMPTORY PROVISIONS OF EXECUTION RATIFICATION OF THE PERPETRATORS OF SPYKER CRIMES (36) FOR PRESIDENT & PRIME MINISTER…HEAD OF PARL SOCIAL AFFAIRS COMMITTEE FINISH FINAL DRAFT OF LAW GUARANTEE PRIVATE SECTOR WORKERS MINIMUM PENSION 450K IQD COVERING 4 MILLION IRAQI WORKERS…
SECURITY
ABADI MEETS WITH NATIONAL SECURITY COUNCIL TO PREPARE FOR LIBERATION OF REMAINING “FIST OF ISIS” IN MOSUL…11 ISF SOLDIERS KILLED NEAR MOSUL…BARAZANI SENDS KURDISH SECURITY DELEGATION TO TEHRAN TO DISCUSS MOSUL LIBERATION PROCESS…33 ISIS ELEMENTS KILLED IN PROACTIVE RAIDS IN NORTHERN RAMADI…DOZENS OF ISIS ELEMENTS REPORTED KILLED ON FAILED ATTEMPTS TO RAID VILLAGES IN SOUTHERN MOSUL…
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1309.420 | 1308.765 |
| British pound | GBP | 1534.709 | 1533.941 |
| Canadian dollar | CAD | 901.121 | 900.670 |
| Swiss franc | CHF | 1202.442 | 1201.840 |
| Swedish krona | SEK | 137.680 | 137.612 |
| Norwegian krone | NOK | 139.940 | 139.870 |
| Danish krone | DKK | 176.076 | 175.988 |
| Japanese yen | JPY | 11.549 | 11.543 |
| Special Drawing Rights |
SDR | 1644.635 | 1643.812 |