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Iraqi Dinar/Dollar auction (most recent listing) 10-05-16
Currency Auctions Announcement No. 3291
This daily currency auction was held in the Central Bank of Iraq on the 10-05-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 14 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 138,951,680 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 138,951,680 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Reasoning will never make a man correct an ill opinion, which by reasoning he never acquired… – Jonathan Swift
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Economist: banking law ensures that the money deposited in state banks , even if stolen
Said economist Majid picture, that the Iraqi law guarantees citizens who deposit their money in the safety of government banks the money, even if they are stolen.
He said that the picture of “Iraq has enormous economic potential and talking about the depletion in the economic life for him to correct his theories,” noting that “one of the best economic potential, which we are tourist traffic and the entry of foreign currency into the country and continuously increasing and this requires the Government to invest this side is actual”.
“The negative publicity of the Iraqi economy has made people shy away from money stored in government banks and treasure in the house and that’s what made it vulnerable to theft by criminal gangs, as we hear every day the theft of approximately 300,000 dollars of homes and Banking in Baghdad and the provinces.”
He noted that “the government and economic organizations adopt an awareness campaign for citizens to invite them to bid farewell to their savings in government banks and launch awareness campaigns led by experts of the Iraqi economy.”
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rcookie (Dinar Guru) – Article: “Financial inspector declares re 31 billion dinars to the state treasury” Quote: “…the Office of Inspector General of the Ministry of Finance was able to re amount of 31 billion dinars, the public treasury of the state for the benefit of, the impact of investigations, inspections and investigations rotating established by the Bureau during the first half of the current year.” SO 31 BILLION IQD RETURNED TO STATE ACCOUNTS IN 1ST 6 MONTHS OF 2016…
Read More: http://www.dinarupdates.com/observer/
These are the files of corruption investigated by the UN team in Iraq
Baghdad to Babylon 24 /. . After decide to send international investigators to Iraq to investigate Iraq’s inability to investigate them, and caused the loss of more than by the United Nations to investigate corruption files big, that $ 800 billion, the detection of the most prominent files that will be (investigated).
The source said, “the most prominent files that will take investigators Nations United investigated are, the Commerce Department and its Minister, former Abdul Falah Sudanese file, and issues of corruption in the Ministry of Industry and its Minister, former Ahmed Karbouli with his brothers Jamal and Mohammed, and thefts and the Ministry of Electricity ministers administration former Gdt Ayham al-Samarrai and Mohsen Shalash.
“He continued,” in addition to phantom projects may be involved in Nuri You Maliki and his son Ahmed and a number of the big contractors, robberies, agriculture and transport. “
Baghdad province and responsible for them the former governor Salah Abdul-Razzaq, and thefts of Basra province and responsible for them the former governor Khalaf Abdul Samad, and other files related to the Ministry and among
“The team will also investigate the files of corruption in the bidding and tenders of the Ministry of Education a time Minister Khodair al, and arms deals and responsible for them al-Maliki and a number of his advisers and former Minister of defense Saadoun al-Dulaimi. “
Read More: https://www.facebook.com/groups/571383766355188/search/?query=files%20of%20corruption
rcookie (Dinar Guru) – FYI…LOWER AUCTION SALES NOT CORRELATED WITH REDUCING NOTE COUNT…[Do the lower numbers over the last week or so tell us anything?] YES…THAT THE UST HAS PUT ITS PIMP HAND DOWN IN THE CBI…BLACKLISTED 300 AUCTION ACTORS TODAY…
Read More: http://www.dinarupdates.com/observer/
Iraq woes deepen amid charges of Maliki comeback plot
Iraqi Prime Minister Haider al-Abadi addresses the United Nations General Assembly in New York on September 22. Photo by Monika Graff/UPI | License Photo
LONDON — Nuri al-Maliki, Iraq’s former prime minister, has been accused of undermining his successor, Haider al-Abadi, after allegedly engineering the dismissal of a second senior government minister in the space of a month.
Hoshyar Zebari, who held the finance portfolio, was dismissed in a parliamentary no-confidence vote in September that he claims was both unconstitutional and politically motivated. Zebari, a Kurd, said he believed the vote was part of a hidden political agenda “carried out by the State of Law parliamentary bloc, headed by Nuri al-Maliki.”
He said in a statement that parliamentary Speaker Salim al-Jabouri had been complicit in what Zebari described as a “vindictive, short-sighted” decision that was clearly intended to narrow political agendas.
The removal of Zebari, one of Iraq’s most experienced political leaders, came weeks after a similar parliamentary vote ousted Iraq’s Sunni Defense minister Khalid al-Obeidi.
Both men were central to the Abadi Cabinet — Zebari as the official in charge of overseeing a major international loan to salvage the country’s ailing economy and Obeidi as the one in charge of spearheading the military campaign against the Islamic State.
Michael Knights, a veteran Iraq analyst with the Washington Institute for Near East Policy who had recently returned from Baghdad, commented on Twitter: “I know a guerrilla war when I see one and Maliki is mounting a very effective political insurgency, back on his clandestine home turf.”
Both Zebari and Obeidi, who have dismissed corruption allegations levelled against them, were removed by a simple rather than an absolute majority of the parliament in secret votes, contrary to the constitution.
Zebari said he planned to challenge the vote in the courts. He said his removal would jeopardize efforts to reintegrate Iraq into the world financial system, including implementing a $5 billion loan from the International Monetary Fund.
The IMF has said it was committed to the deal with Baghdad, with or without Zebari.
Maliki’s opponents claim he has exploited divisions within both Kurdish and Sunni factions in parliament to undermine his rivals. Zebari is linked to the Kurdistan Democratic Party, the ruling party in Erbil that is at odds with the opposition Gorran Movement and elements of the rival Patriotic Union of Kurdistan.
Observers have speculated that Maliki’s ultimate target is Abadi himself, although it might take more than a simple majority to remove the prime minister.
Abadi took over in 2014 after vigorous efforts by Maliki to cling to power despite presiding over the loss of Mosul and a large area of Iraqi territory to IS forces. He secured the country’s shared vice presidency for a year until the post was abolished in 2015.
Maliki’s parliamentary power base is the State of Law bloc but he is also widely seen as the mastermind of the shadowy ad hoc Reform Front that groups oppositionists from a number of parties. The Reform Front exploited rivalries within the Sunni block to target Obeidi and generate enough parliamentary support to remove him.
The latest political maneuverings come at a time of intense speculation about when Iraq will launch a long-awaited military offensive to retake Mosul from IS. It is an issue that is likely to be at the top of the agenda when Masoud Barzani, the Kurdish leader and head of the KDP, makes an anticipated visit to Baghdad for talks with Abadi.
The defense post is likely to remain vacant at least until an appeal by the ousted Obeidi makes its way through the courts. Any nominee for a replacement must win the support of parliament and there is a fear that sectarian elements will try to play politics with an appointment that would normally, but not automatically, go to a Sunni.
The hiatus automatically complicates plans for the retaking of Mosul, which explains why the United States lobbied so intensively but unsuccessfully, to retain Obeidi.
The situation could be further complicated if a pro-Iranian, a nominee of the Reform Front or a non-professional ends up with the defense portfolio. Some analysts see it as improbable that an autumn offensive against IS could go ahead without a defense minister in place.
Fuad Hussein, Barzani’s chief of staff, underlined the current political perils when he told Voice of America’s Kurdish service: “Now there is no finance minister, no defense minister, no interior minister.” He said the foreign minister might be the next to go.
“If the policy is to bring down the Iraqi government, this will destabilize the situation because the question is, if this government is to go, who’s going to form the next government?” Hussein said. “How would you form it? When will it materialize? This is a dangerous thing.”
This article originally appeared at The Arab Weekly. Harvey Morris has worked in the Middle East, including Iran and Lebanon, for many years and written several books on the region, including No Friends but the Mountains published in 1993.
Read More: http://www.upi.com/Top_News/World-News/2016/10/03/Iraq-woes-deepen-amid-charges-of-Maliki-comeback-plot/6281475518157/
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BGG (Dinar Guru) – WHAT DID SHABIBI SAY WAS MOST IMPORTANT DETERMINANT TOWARD MONETARY REFORM. 1) inflation 2) corruption? Article quote: “Annual inflation index in Iraq decreased slightly by 0.2%, during the period from August / August 2015 and up to the same month of 2016, while the monthly inflation index rose in August.” So if, as Dr Shabbibi said – it’s about inflation and corruption – these things are being dealt with directly…it appears they are making direct and rapid progress as per their agreements, directives and oversight from the IMF from the summer and before. It’s IN THE WORKS NOW!!
Read More: http://www.dinarupdates.com/observer/
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Deputy calls for Abadi in activating the memorandum of understanding on retrieving looted funds
The Deputy called the National Alliance, Zaher Abadi, Sunday, Prime Minister Haider Abadi expedite operationalization of the memorandum of understanding with the United Nations development programme to recover looted funds in Iraq.
Ibadi said in a statement today, the Prime activating the memorandum of understanding with the United Nations development programme for the recovery of looted funds and involving international investigators in major corruption files to access facts and exposing the names of spoilers involved in waste of public money in previous epochs of political governance in Iraq after 2003. ”
He noted that “the Iraqi people today looking forward to these details as there are inflated capital became the prominent political and business figures and thus not disclosing these names will provide an opportunity for those who are accustomed to plunder
The Iraqi people’s money to conduct business in the coming years. ”
Abbadi stressed “huge funds entered Iraq estimated at more than 800 billion was Iraq could be much better at all levels but we found and we saw the opposite of him actually fact security service degradation which resulted in many serious negative issues on the reality of the country and destroy its sovereignty in some Iraqi provinces besides Iraq’s financial crisis.
And invited the Prime Minister to allow international investigators to take verification procedures and review all your belongings Iraqi money in previous years and uncover those involved through financial liabilities disclosed or open files, all of which it contributed effectively to the administrative and financial corruption in the era and see how the disbursement of funds and verify funds from local banks or other ways to access the facts and no names were converted. ”
He noted that “this money was to balance Iraq and drawn four neighbors balancing if invested properly so requires Prime Minister Haider Abadi achieve social justice among people is that the spoilers are revealed in God does not take blame blame.”
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A rosy picture .. US leaks reveal who will govern Iraq after the expulsion Daesh
(Voice of Iraq) – Baghdad – Leaked high – level diplomatic sources aside from the circle minute debate in Washington these days, which focused on the period that will follow the expulsion of the organization of the Islamic State of Iraq taken care of .
The sources said that the Committee on Security Americans from the central and foreign intelligence officials in Congress met with Iraqi politicians from different spectra at times and locations of several of them to London , Erbil , Baghdad, Amman and was informed that the US conviction and the capitals of influential settled that there is a deficit of N treatment in the continuation judged according to the current situation .
She added that ” the acceptance by the three major regions are subject to federal rule in Baghdad is the condition of the basis for the resolution of state regulation file and purge Iraq Shubra Shubra him and end all authorities secondary , which replace the power in Baghdad now, especially Shiite militias seat Iranian orders. ”
Washington has told the officials and Iraqi politicians that they have to describe the problems between them as personalities and blocks and reach an understanding on the key participants to live in Iraq as one country, but is a central and enjoys provinces powers almost absolute, especially in the economy and foreign investment and private affairs of local communities.
According to sources , it has been focusing on the core of which the problems of Iran ‘s interference and influence and confirmed “that Washington has pledged to take over the protection of the new federal government in Iraq with the support of the Security Council to work to support Haider al – Abadi as head of the federal government representing Iraq, similar to the Swiss model.”
As it will be Iraq ‘s declaration as a strategy of first – class , and its security is linked to US national security, and will be reported to Iran later to return to the borders before the 2003 at all levels and work through official diplomatic representation in Baghdad , just as is the case of the Iraqi diplomatic representation in Tehran.
The sources pointed out that ” the problem that Washington is trying to solve it with Iraqi politicians and experts are naming the regions in an apparent effort to overcome the term territory Sunni or Shiite region.
There is no problem with the Kurdistan Region, sources said more than US official stressed that the agreement on the political shape of Iraq and its regions is the basis, and he will then be organizing Daesh and any armed military version of the past will never be repeated.
These sources confirmed the release of Mosul plan completed and there are assurances that the timetable is too short to be implemented, and that the Kurdistan Region informed the details of the military and political understandings conducted by Washington to preserve the unity of Iraq , federalism within the three provinces , along with the Federal Capital Territory.
The sources also revealed that he was informed of a number of important Arab capitals Iraq ‘s new format after Daesh, and that the air bridge of at least one time for six months continuously will continue to support the Sunni region in order to promote it the fact that cities smashed and infrastructure pulverized by war compared to the relative stability in the south and the Kurdish region.
The sources revealed that there is an agreement on the departure of a large number of faces that were in circulation in the last ten years and the rise of new faces, as sources revealed that the new Iraq will deal with the federal transition is the freezing and the abolition of all laws passed on a political basis and the granting of the regions and Berlmantha the powers of the age – compliant laws with the needs of local communities, and will be treated with the Iraqis of the line start and one after that purify their ranks from any elements of “terrorist and extremist” by the war that will take place the new civilian and laws which will contribute to the construction of advanced societies by the international support and the return of Iraqi talent abroad and at home to build the country and declaring an end to the dark and bloody period that prevailed in Iraq and its cities after 2003.
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Iraq:
Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1319.230 | 1318.571 |
| British pound | GBP | 1508.823 | 1508.069 |
| Canadian dollar | CAD | 897.494 | 897.046 |
| Swiss franc | CHF | —– | —– |
| Swedish krona | SEK | 137.514 | 137.445 |
| Norwegian krone | NOK | 147.937 | 147.863 |
| Danish krone | DKK | 177.273 | 177.184 |
| Japanese yen | JPY | 11.588 | 11.582 |
| Special Drawing Rights |
SDR | 1646.219 | 1645.396 |