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Mrs. BGG
Iraqi Dinar/Dollar auction (most recent listing) 09-04-16
Currency Auctions Announcement No. 3273
This daily currency auction was held in the Central Bank of Iraq on the 09-04-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 126,207,446 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 126,207,446 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant. – Maximilien Robespierre
*** Current News ***
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rcookie (Dinar Guru) – Article: “The Iraqi government plans to impose new taxes” OK…SO SEE HERE AGAIN…TAKEN RIGHT OUT OF IMF LOI/MEFP/TMU REVENUE REFORMS…THE FINANCE COMMITTEE CAN WHINE AND BLUSTER ALL THEY WANT…THE IMF IS DRIVING THE BUS…” JUST SIT DOWN AND BUCKLE YOUR SEAT BELT”! AND…HERE AS WITH THE NEWLY ANNOUNCED ELECTRONIC DIRECT DEBIT COLLECTION OF ELECTRICITY AND TELECOMMUNICATION DUES AND TAXES…ALONG WITH DRAMATICALLY IMPROVED PROVIDING OF THESE SERVICES THE PUBLIC…WILL RESULT IN INCREASED OVERALL REVENUES AND FAR MORE EFFICIENT MEANS OF COLLECTING THEM ELECTRONICALLY… REMEMBER ALMOST 80% OF ELECTRICITY TAXES AND DUES WERE LEFT ON THE TABLE…THIS WILL ASSURE 100% EFFICIENCY…AND THESE AGAIN…ARE NON OIL REVENUES…
Read More: http://www.dinarupdates.com/observer/
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Iraqi banker close to al – Maliki escape $ 6.5 billion
Former Prime Minister Nuri al-Maliki accused in corruption cases
BAGHDAD – Naseer al – Naqib: Prosecutors demanded the Iraqi finance minister, Hoshyar Zebari, to disclose the identity of the person who was able to smuggle $ 6.5 billion, and it was pointed out during a press statement. A judiciary spokesman Judge Abdul Sattar Bayraktar said that «Prosecutors formally request» from Finance Minister «to clarify his statements regarding the name of the person mentioned in one of the local media that« about 6.5 billion and a half billion dollars to «his personal account, in order to take action legal right, said Zebari, who face the threat of no-confidence, after questioning in parliament in Mali corrupted files session, channel «Tigris» TV local Iraqi that «only one person about $ 6 billion and 455 million to his personal account in a bank outside the country, but that member Finance Committee in the Iraqi parliament Haitham al-Jubouri revealed the name, stressing that «Hamad Yasser al-Moussawi, the owner Huda Bank Musawi was a candidate for a coalition« rule of law », led by former Prime Minister Nuri al-Maliki, is considered a close associate of Nuri al-Jubouri said«
We discovered Moussawi file and it has approached the money laundering Office in the Central Bank who wrote the report for the prosecution in March and confirmed the opening of 3 files on suspicion of involvement of bank Rafidain and Rasheed in the case and leads the al-Jubouri, a campaign questioning the Minister of Finance in the corruption files, relating to protection expenses file, and furnishing his home, and rent his secretary amount large, what he considered Zebari as «a political target but Zebari criticized al-Jubouri to about smuggling a large amount, saying the real files, these people where the money went?
Who is responsible for?
He stressed that it «formally documented and why not to take any action and follow-up funds?
It is equal to the budget of the state.
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rcookie (Dinar Guru) – PARLIAMENT COMMITTEE REVEALS 0% CORRUPTION CONCERNING JICA LOAN DUE TO DIRECT INVOLVEMENT OF JAPANESE AUTHORITIES TO OVERSEE DIRECT APPLICATION OF FUNDING AND PROJECTS…WHICH IS EXACTLY WHY WB AND IDB ARE ACTING AS DIRECT LENDING AGENTS TO THE PROVINCES IN DEVELOPMENT PROJECT FUNDING EXECUTION… SEE WHAT IS POSSIBLE AND IN FACT HAPPENS WHEN THE CORRUPT CENTRAL IS MINIMIZED OR ELIMINATED FROM THE PROCESS…THINGS GET DONE!
Read More: http://www.dinarupdates.com/observer/
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Washington suggest the IMF projects growth of non – oil sector in Iraq by 2018
Long-Presse / Baghdad – Suggested the US Embassy in Baghdad, on Sunday, the growth of the International Monetary Fund projects sectors is oil in Iraq by the year 2018, and revealed that Iraq is a candidate for accession to the World Trade Organization, and as pointed to the need for the Iraqi government some major reforms, the investment climate to improve, confirmed that the bank international and Washington identified the sectors that could be developed to contribute to attracting investment in Iraq.
A spokesman for the US embassy in Baghdad Kim Dboa in an interview with (long-Presse), said that “Iraq needs financial stability to evolve as the standby credit agreements of the International Monetary Fund and support associated with it will help facilitate a stronger financial position over the next few years, especially with the and a slight rise in oil prices, “returned to” Iraq needs to focus on ensuring the stability of the oil sector and the expansion of non-oil sources of revenue. ”
He Dboa, that “the IMF projects growth in non-oil sectors of Iraq’s economy will slow during the current year 2016, and then begin to rise by the year 2018,” noting that “investing in projects in non-oil production is crucial for the Iraqis.”
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He predicted Dboa, “the Iraqi economy shift to a more market-oriented economy, being the focus of his business to deal with the international community, including the United States and other trading partners, where keen on belonging to the international community through its cooperation with international organizations including the IMF international and the World Bank, the United Nations and the Arab League, “stressing that” Iraq is a candidate for accession to the World trade Organization. ”
He said US embassy spokesman, said: “Iraq needs to do some major reforms to improve its climate for investment for both Iraqi and foreign parties,” pointing out that “the World Bank and the Government of the United States identified the sectors that will develop them to contribute to attract investment and create jobs and develop the economy Iraqi. ”
He pointed Dboa, that “the International Monetary Fund will provide $ 5.4 billion to Iraq over the next three years, in addition to the plans of the World Bank to help Iraq a loan of an additional value of three billion dollars,” explaining that “this assistance comes in addition to the current loans provided by these institutions which provide billions in support of infrastructure projects and to cover the budget deficit. ”
The Dboa, that “the International Monetary Fund and international donors program among them the United States provided billions of dollars in extra aid for Iraq,” vowing to “the continuation of the United States to work together with the International Monetary Fund, World Bank and others in order to help Iraq achieve financial stability.”
The number of participating countries within the humanitarian aid, stability and remove the mines which was hosted by the United States government in the private donors’ conference (20 July 2016) has been granted Iraq $ 2.1 billion.
The US Embassy in Baghdad, uncovered, on Wednesday (31 August 2016), the trade exchange achieved with Iraq since the beginning of this year until August, totaled more than $ 2.6 billion, and as pointed out that trade between the two countries amounted to 6.6 billion dollars for 2015, pointed out that there is a desire among US companies to invest in Iraq.
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BGG (Dinar Guru) – “…the House of Representatives sent, during the last two days of the amnesty law to the presidency of the republic to see the paragraphs, materials and approved for publication in the Official Gazette.” General Amnesty will be law. I guess it didn’t happen – and get published in the Gazette weeks ago …looks like the next 2 days or so…IMF, WB and UN are behind this. For sure. …things are moving ahead for Iraq DOUBLE TIME…
Read More: http://www.dinarupdates.com/observer/
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Keywords: the local market is witnessing a shortage in Iraqi dinars
BAGHDAD / SNG – The Central Bank of the province on the Keywords day, that the fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars on the local market, pointing out that the Ministry of Finance is selling 80% of dollar revenues to the central bank and then the latter to sell hard Eulma market gets to the Iraqi dinar .
Keywords and said in a press statement that “There is a way out of hard currency out of Iraq because of the security and economic conditions experienced by the country, pointing out that the central bank gives the spearhead of the individual to act in the funds, whether the currency conversion abroad for reasons to travel or invest outside of Iraq.”
And that “the Iraqi dinar is an internal expenses, government contracts and its imports are considered hard currency, pointing out that” fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars in the local market. ”
And that “the Ministry of Finance get foreign exchange earnings increased by 100%, pointing out that the financial sell 80% of foreign currency to the central bank to be put up in the market to sell and get the Iraqi dinar is then cashed in the local market to be traded in terms of the payment of staff salaries “.
He pointed out that “the occurrence of financial crimes and thefts for some banks pay the central bank to intensify actions on the banks to protect the capital, stressing that the central bank has no any auction for the sale of hard currency in the whole of Iraq.”
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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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Prime Minister Dr. Haider Al-Abadi confirms that this year would be the end of the year, gangs, ISIS militarily. We’ll get in Mosul and liberate their land and its people.
Sure Mr Prime Minister Dr. Haider Al-Abadi to the current year would be the end of the year, gangs, ISIS militarily. We’ll get in Mosul and liberate their land and NASA.
He stated his lordship, in his speech during the t-Dex Baghdad) VI, who cares about the creators and owners of minds, we brought the previous conference last year and get him today and during this year achieved more victories and freed up land. Today our troops the heroine Fight on the outskirts of Mosul.
And His Lordship. We fight for our people and humanity against these gangs obscurantism the terrorist into our country from outside of Iraq and the efforts made by our young fighters have achieved such victories.
And keep Dr. Al-Abadi we steadfastly youth in war fronts, and I see them in the battlefields. Although tired, rising temperatures to around 50 degrees, we beat the terrorist gangs and able to walk in the country to safety. and the right way.
And among his lordship to shift that took place some people try to stop her, stressing that security challenge that we face didn’t like him going through the states.
And Chairman of the council of ministers; we did with the beginning of the formation of the government by organizing and restructuring, the army and security devices and plans, strategies and the fight against corruption and that is what got us to the victories achieved by now.
And Dr. Al-Abadi to war and fighting is not an excuse to stop the culture and the arts, even like this important meetings and we need it.
Read More: http://www.dinarupdates.com/showthread.php?40194-Dr-Haider-Al-Abadi-confirms-that-this-year-would-be-the-end-of-ISIS&p=160603#post160603
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DU NEWS RECAP by RCookie
(from) THURSDAY SEPTEMBER 2nd, 2016
PARLIAMENT
PARLIAMENT INTEGRITY COMMISSION INTENDS TO QUESTION PM ABADI AND FM JAAFARI AFTER EID HOLIDAY…REFORM PARTY MP BAAJA ASSERTS ZEBARI VOTE OF WITHDRAWAL OF CONFIDENCE WILL TAKE PLACE NEXT TUESDAY…KURDISTAN DEMOCRATIC PARTY ASSERTING TREMENDOUS PRESSURE TO PREVENT SACKING OF MOF ZEBARI…PARLIAMENT ECONOMIC COMMISSION ASSERTS BORDER CROSSING LAW WILL INCREASE IMPORT REVENUES BY TRANSFERRING BORDER POINT OVERSIGHT & ENFORCEMENT TO PROVINCIAL AUTHORITY..PARLIAMENT MEMBER SAADI ASSERTS PARLIAMENT EFFORTS NEED TO BE DIRECTED AT REFORMS INSTEAD OF CONFLICTS & BICKERING CREATING BOTTLENECKS…ECONOMIST & BANKING EXPERT NASIRI CALLS FOR IMMEDIATE IMPLEMENTATION OF SUPREME COUNCIL FOR PRIVATE SECTOR FOLLOWING THE SUCCESS TEMPLATE OF THRIVING NEIGHBORING COUNTRIES INVOLVED IN ECONOMIC POLICY & ACTION DECISION MAKING IN AGRICULTURE, ENERGY, INDUSTRY & TOURISM AS PART OF DIVERSIFYING 2017 BUDGET REVENUES IN LINE WITH IMF MANDATES,…PARLIAMENTARY FINANCE MINISTER HOSSAM ANNOUNCE INTENTION TO REDUCE 2017 BUDGET EXPENDITURES TO ABOUT 80 TRILLION IQD IN LINE WITHY IMF LOI EXPENDITURE REFORMS…PARLIAMENT LEGAL AL-SADOUN ASSERTS AMNESTY LAW WILL BRING RELIEF TO 2017 BUDGET AS RELEASE OF PRISONERS PROVIDE RELIEF FROM STATE REVENUES TO SUPPORT PRISON POPULACE…MASSOUD RATIFIES AMNESTY LAW AS A PRELUDE TO ITS APPLICATION AFTER AMENDMENT TO ARTICLE VIII…KURD MP CHENKALI ASSERTS THAT ZEBARI CHANCES OF SURVIVAL STILL STRONG DUE TO SUPPORT FROM NATIONAL LED BY ALLAWI AND MASS CITIZEN SUPPORT…ABADI RECEIVES CHAIRMAN OF INTEGRITY AND FINAL APPROVAL REITERATES CALL TO RESIGN ACCEPTED JULY 4TH…
SECURITY
UNAMI ANNOUNCES THE DEATH OF 691 IRAQIS IN THE MONTH OF AUGUST…JABOURI VISITS TURKEY AND MEETS WITH ERDOGAN T DISCUSS POST MOSUL LIBERATION STRATEGIES FOR SECURITY AND DISPLACED…CANDIDATES FOR MOD POSITION NARROWED FROM 11 TO 3 AND WILL BE ANNOUNCED AFTER EID HOLIDAY…PENTAGON STATES ISIS ABOUT TO LOSE ITS POSITION & PRESENCE ON TURKISH BORDER…ISF JOINT COMMAND REPORT THE KILLING OF DOZENS ISIS ELEMENTS IN WESTERN QAYYARAH IN SOUTHERN MOSUL OPERATIONS…FRANCE ANNOUNCES CARRYING OUT 344 SORTIES IN LAST 2 MONTHS…
GENERAL
ZEBARI CLAIMS DOCUMENTS HE POSSESSES SHOW EVIDENCE OF FORGED PAPERS FOR TRANSFER OF 6.5 BILLION DOLLARS OUTSIDE OF IRAQ AND IMPLICATE STATE OF LAW MP HAMMAD AL-MOUSSAWI AFTER PROSECUTORS DEMAND IDENTITY…ABADI AND ALLAWI MEET TO DISCUSS MOSUL LIBERATION OPERATION AND CARE FOR DISPLACED…BARZANI DECLARES GRATITUDE FOR THE WARM WELCOME AND SPIRIT OF PRODUCTIVITY & SATISFACTION AT RECENT BAGHDAD MEETINGS WITH ABADI…INTEGRITY ANNOUNCE FOILING 3 SEPARATE SCHEMES ATTEMPTS TO STEAL MORE THAN 44 BILLION IQD FROM RAFIDAIN BANK…ZEBARI DECLARES STATE OF LAW EFFORTS TO OVERTHROW GOVERNMENT…E-COMMERCE COMPLAINT WINDOW OPENS TO HANDLE PROCESSING ISSUES & COMPLAINTS WITH 3 DAY TURN AROUND TIME BY MINISTRY OF TRADE…EUROPEAN UNION WELCOMES ADOPTION OF AMNESTY LAW AND DE-BAATH…SECRETARY GENERAL OF RED CRESCENT SENTENCED FOR IMPROPER CONTRACT ISSUANCE IRREGULARITIES OF $220,000…ABADI CONFIRMS BARZANI STATEMENT OF AGREEMENT BETWEEN ERBIL & BAGHDAD CONCERNING MOSUL LIBERATION OPERATIONS AND FINANCIAL ISSUES…NEW US AMBASSADOR DOUGLAS SELMAN ARRIVES IN BAGHDAD TO BEGIN ACTIVITIES IN NEW ROLE…INTERIOR ANNOUNCES PLAN FOR CREATION OF SPECIAL ISIS PRISONS FOR FEMALES…ABADI CALLS ON INTERIOR MINISTRY TO DEVELOP METHODS OF COMBATING CORRUPTION AND ALLEVIATE SUFFERING OF CITIZENS…ABADI OFFICE ANNOUNCE THE GOV’T HAS ACHIEVED 76% OF LAWS PRESENTED THROUGH COM…ABADI DENIES HE FILED LAWSUIT AGAINST FATLAWI AND VICE CONFIRM GENESIS WAS FROM JUDICIARY…
BUSINESS/ECONOMY/INVESTMENT
OIL AT $48.01 WITH DOLLAR STRENGTH..GOLD AT 216,000 IQD TO THE WEIGHT…SOMO ANNOUNCES OIL EXPORTS FROM SOUTH PORTS AT 3.23 MILLION BPD (98+ MILLION BARRELS) IN AUGUST…MINISTRY OF TRADE ANNOUNCE SIGNING OF CONTRACT WITH IRAN FOR IMPORT OF CONSTRUCTION MATERIALS…BASRA GAS COMPANY ANNOUNCES THE THIRD SHIPMENT OF 1.6 TONS LNG FOR EXPORT…MASSUD ISSUES DECREE RATIFYING AMNESTY LAW PRIOR TO AMENDING ARTICLE VII KIDNAPPING & TERRORISM CLAUSES AND SENDING TO HOUSE..KRG MEETS WITH DELEGATES FROM KOICA (KOREAN INTERNATIONAL COOPERATION AGENCY) & KOREAN INSTITUTE FOR INT’L ECONOMIC POLICY, AND POLITICAL AFFAIRS, IMPORT-EXPORT BANK DIRECTOR AND GOV’T OFFICIALS TO DISCUSS BUSINESS & INVESTMENT NEEDS FOR PROMOTING INVESTMENT OPPORTUNITIES IN KURDISTAN REGION…MINISTRY OF TRANSPORT ASSERTS IMPORTANCE OF BASRA AS INTEGRAL AIR CORRIDOR STRATEGICALLY BRIDGING 3 CONTINENTS OF ASIA, EUROPE & AFRICA…DIWANIYAH GOVERNATE HASNAWI ANNOUNCES DANISH COMPANY SOLENRGI DANIMARK DESIRE TO EXPLORE INVESTMENT PROJECTS SPECIALIZING IN HOUSING, CONSTRUCTION OIL, ELECTRICITY, MINERALS AND ENERGY & PROVINCE INTEREST TO FACILITATE SERVICE, AGRICULTURE AND INDUSTRY SECTORS…WB CONDUCTS WORKSHOP FOR RECONSTRUCTION & DEVELOPMENT PROJECTS FOR SALLAHUDDIN & DIYALA ACTING IN CAPACITY OF DIRECT LENDING AGENT WITH PROVINCES AWAY FROM CENTRAL…
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1317.457 | 1316.798 |
| British pound | GBP | 1565.677 | 1564.894 |
| Canadian dollar | CAD | 901.808 | 901.357 |
| Swiss franc | CHF | 1200.731 | 1200.131 |
| Swedish krona | SEK | 137.552 | 137.483 |
| Norwegian krone | NOK | 141.586 | 141.515 |
| Danish krone | DKK | 177.034 | 176.945 |
| Japanese yen | JPY | 11.435 | 11.429 |
| Special Drawing Rights |
SDR | 1649.386 | 1648.562 |