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) 08-16-16
Currency Auctions Announcement No. 3260
This daily currency auction was held in the Central Bank of Iraq on the 08-16-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 31 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 139,098,650 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 139,098,650 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
______________________________________________________________
One definition of an economist is somebody who sees something happen in practice and wonders if it will work in theory. – Ronald Reagan
*** Current News ***
Dinar Updates “After Call – LIVE”!!
“Immediately following News Time!!”
8/16 “After Call” – w/RCookie,
Mr White & Hutch
from 8/10 Smart phone user link – Click here
______________________________________________________________
BGG (Dinar Guru) – […2017 BUDGET WILL BE $82 BILLION AND BASED ON $40 PER BARREL…] I haven’t looked at any recent budget numbers – but doesn’t that leave them pretty short still? On the other hand, if oil spikes – which it always does – they will be in really good shape…in fact, REALLY good shape.
Read More: http://www.dinarupdates.com/observer/
Follow us on twitter @DinarUpdates !!
Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Tuesday 7:30pm CST
www.DinarUpdates.com – save as favorite!
______________________________________________________________
Iraqi government is unanimously unclear
Iraqi Prime Minister Haider al-Abadi succeeded Monday in getting parliamentary approval for five of the names proposed to occupy ministerial positions in which The new government, which was promised months ago that consists of competencies away from quotas partisan reform that raise high the roof frame, but failed to implement any of its requirements, while large sphincter collided with the political blocs to maintain their share of ministerial and administrative positions.
In return for this little amount of “success” Ebadi received a painful blow parliamentary vote against conviction answers and Defense Minister Khaled al-Obeidi during his interrogation before the Council meeting earlier this month, paving the way for the withdrawal of confidence from him and his dismissal in a sensitive period of preparing the prime minister in which to achieve the completion of the war on organizing Daesh complete expulsion of the largest stronghold of him in Iraq; the city of Mosul.
The President of the House of Representatives Saleem al-Jubouri, Monday, insert the withdrawal of confidence from the Minister of Defence at a hearing next Tuesday.
It will be the overthrow of Balobeida personal loss for the current Prime Minister Haider al-Abadi, who lined up alongside his defense minister, particularly former Prime Minister Nuri al-Maliki, who chose the lineup along with House Speaker Salim al-Jubouri, accused by Khalid al-Obeidi, corruption and extortion in order to obtain commissions from huge belonging to the Ministry deals Defense.
Iraqi sources confirm that al-Maliki, who stepped down as prime minister forced two years ago is still seeking to derail the “companion” of the Islamic Dawa Party, hoping to win his job.
The same sources do not exclude the use of Maliki none of the means to realize his goal, including an effort to prevent al-Abbadi of the breakthrough in the war against al Daesh would bring him a great deal of popular help install his job.
Haider al-Abadi and remains convinced that the motives of political questioning of the Minister of Defense. He told parliament Monday that he is against political interrogation by government officials, before they interrupt the parliament speaker Salim al -oho a direct party to the case of Khaled Alobeida- asking him to pass directly to the display and the new ministers not to talk in the interrogation process.
And approved by lawmakers, Monday, on the appointment of five new ministers, after months of delays and setbacks several received the Prime Minister to form a new government.
Interior and Defense Ministries of Cetkonan fierce struggle over what functions that are involved from the authorities and Taatahanh of the potential for theft of public money.
The House of Representatives ratified the selection of al-Abbadi of the ministries of oil, transport, higher education, housing, reconstruction and water resources, but they refused to carry the chosen trade bag, without a clear statement of reasons.
With the escalation of street protests against government corruption and widespread, Abadi promised in February to form a new government composed of ministers Tknaqrat, but faced stiff opposition from the major parties of the ruling of the country which enjoys huge privileges because of its dominance of the capabilities of the country in 13 years.
Before Abadi last July, officially the resignation of seven ministers from his cabinet, all from the ruling Shi’ite National Alliance, namely: Minister of Higher Education, and oil, transportation, Construction and Housing, water resources and trade.
In the same month, Interior Minister, Mohamed Salem Al Ghabban, belonging to the Badr Organization, announced his resignation to Ebadi in the midst of the uproar following the occurrence of a massive bombing in the Karrada district of Baghdad, leaving hundreds of victims among the dead and wounded. Ghabban said he made the move in protest at what he called “the security flop and the intersection of power and the lack of coordination between the agencies.”
The post of interior minister as well as minister of defense Mnbban great sensitivity, intensifying them the conflict between Iraqi political blocs owing to involve him from the authorities, and also because of the enormity of their budgets which opens the door of the financial manipulation of holding the respective especially through arms deals that often young, mostly large corruption throughout the decade years. Against this background may be long before the ES on the appointment of an interior minister and another for the defense happens in the event of dismissal of Khalid al-Obeidi from office.
The new ministers are all from Kazem cup Minister of Transport, and Essa Abdul Razak and Minister of Higher Education, and Hassan al-Janabi, a minister of water resources, and Anne wholesome Osei, Minister of Reconstruction and Housing, and Jabar Luaibi as oil minister. While the Council’s refusal to approve the assignment of the Ministry of Commerce to Yusuf al-Asadi, although put his name twice in a row by Abadi during the voting session.
He stopped Followers of the Iraq war when the new oil minister, who succeeded Adel Abdul Mahdi, leader of the Movement Ammar al-Hakim, the head of the ministry, which is considered the most important ever between other ministries due to the adoption of Iraq’s budget is almost entirely on oil revenues name.
While parliamentary sources said Jabbar and coffee is the Islamic Supreme Council candidate, led by al-Hakim, which means that his choice did not come from the framework of quotas party, made a point at the same time to say that nothing in the man’s expert record in the field of oil, which has previously served as general manager former southern oil company in Basra, a disadvantage or shows his involvement with corruption.
On the contrary, the same sources said that the hand cleaner and coffee and professionalism already Djaltah vulnerable to pressure and blackmail senior symbols of corruption influential aspirants in the share of oil resources.
______________________________________________________________
wmawhite (Dinar Guru) – …the “delete the zero project”…does not mean that a 1,000 IQD note becomes a 1 IQD note. The delete the zero project is the gradual removal of the larger notes from the market place…and that happens by the increase in value of the IQD which will reduce the prices in the market place, thus making the smaller notes usable. The fewer notes in circulation means a greater value of the currency. …the CBI has told everyone of us exactly what they are doing…We have the facts. [See more about “drop the zeros” under the Start Here tab at the top of this page…}
Read More: http://www.dinarupdates.com/observer/
______________________________________________________________
Be sure to join the New Dinar Updates “private” FaceBook Group…
https://www.facebook.com/groups/571383766355188/
(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________
rcookie (Dinar Guru) – Urgent: judiciary issued an arrest warrant on the security and defense ministry officer and secretary general of military intelligence and the son of Khaled al-Obeidi…! Quote: “An informed source said on Sunday that the judiciary issued arrest warrants against memorandums of people at the Ministry of Defense based on the confessions of the accused, who directed the minister to the media in accordance with Article 243.” WOW! OBEIDI’S SON AND DEFENSE MINISTRY OFFICIALS ARRESTED…
Read More: http://www.dinarupdates.com/observer/
______________________________________________________________
Jubouri eager to proceed with plans to speed up reform and enactment of important laws
The head of the House of Representatives, Salim al keen House of Representatives to proceed with plans to speed up reform and enactment of important laws.
A statement by the Information Office of the President of the Parliament received by all of Iraq [where] a copy of the “al-Jubouri, received in his office on Tuesday, the US congressional delegation headed by Democratic Senator Corey Booker and his accompanying delegation,” Mnohna as “During the meeting, research in developments in the political and security landscape on the local scene, as well as the regional situation and its implications, especially with regard to the war on terror dossier. ”
The statement noted that “the meeting, they discussed the displaced file and the conduct of the legislative work and the role of the House of Representatives to speed up the enactment of important laws.”
He stressed the keenness Jubouri the House of Representatives to overcome the obstacles and proceed with plans to support reform and progress wheel state forward in the face of economic and security challenges.
The meeting was attended by US Ambassador to Iraq Stuart Jones.
______________________________________________________________
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
______________________________________________________________
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…
______________________________________________________________
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1321.476 | 1320.815 |
| British pound | GBP | 1527.026 | 1526.262 |
| Canadian dollar | CAD | 914.719 | 914.262 |
| Swiss franc | CHF | 1213.179 | 1212.572 |
| Swedish krona | SEK | 139.619 | 139.549 |
| Norwegian krone | NOK | 144.027 | 143.955 |
| Danish krone | DKK | 177.605 | 177.517 |
| Japanese yen | JPY | 11.668 | 11.662 |
| Special Drawing Rights |
SDR | 1649.564 | 1648.739 |