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Iraqi Dinar/Dollar auction (most recent listing) 10-10-16
Currency Auctions Announcement No. 3294
This daily currency auction was held in the Central Bank of Iraq on the 10-10-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 12 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 149,509,399 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 149,509,399 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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In democracies, simple arguments beat accurate arguments every time. – Will Spencer
*** Current News ***
Dinar Updates – “The Big Question!!”
Tues – Oct 11th 7:00pm CST
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Hutch (Dinar Guru) – IMF report quote: “The Board of the International Monetary Fund approved a standby credit loan SBA for a period of three years for Iraq and the rights of special drawing SDR value of 3.831 billion units (approximately: 5.34 billion, or percentage of 230%); to support the economic reform program adopted by the Iraqi government...” That’s how the SDR works. They are allowed a percentage of their SDR deposit. Generally it is 200 percent. They have approx 10b in SDR basket, so they are allowed 200 percent of that. That is why they were able to get a 20 (Billion dollar) loan. Thats what the agreement is and the 5.34 (Billion) is one of the installments. It gets them on their feet. That’s why investment into the country is so important to what OUR end goal is.
Read More: http://www.dinarupdates.com/observer/
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Hutch (Dinar Guru) – The lottery ticket people here need to get their heads out of the gutter… Lets say its 3.86 tomorrow morning…. the thing everyone is missing is, what about it be internationally traded? What about the banking laws needed for it to survive… remember, we will need time before the banks in the US ramps up and is ready to make exchanges. Things to ponder. Its really a good thing for us to understand ALL of the inner workings of what is going on, so we can benefit from all of their hard work of rebuilding a country.
Read More: http://www.dinarupdates.com/observer/
Parliamentary Finance: Central Bank demands a comprehensive and immediate review of the mechanics of hard currency sale and adjust the rate of the dinar to maintain its value
Orbit News – Finance Committee confirmed on Saturday that the decline in the dinar exchange rate against the dollar caused the central bank to adopt some private banks and not others in an auction and sell the currency weakness in monitoring the performance of those banks
Parliamentary Finance Committee has demanded in a statement ‘orbit News’ received a copy of it; the Central Bank of the need to adjust the trading currency auction and evaluate the performance of private banks, noting that the data and the official statistics confirming banks to provide some civil purchase invoices are not real in the auction currency.
Revealed statement; the determination of the parliamentary finance committee for the formation of a fact – finding committee to find out the reasons for the high price of the dollar in the markets, and monitor the performance of the central bank auction of currency and checking the seriousness of their actions , which marred a question in large signs, and put an end to the mafias market control and some currency traders at the exchange Aldenarabraghi.
Read More: http://www.dinarupdates.com/showthread.php?42313-CBI-demands-
Thanks to RCookie for posting this…
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rcookie (Dinar Guru) – Article quote: “Said MP from the coalition of state law , Jassim Mohammed Jaafar, said Saturday that the prime minister Haidar al – Abbadi, adjourned the submission of candidates to the ministries after the tenth of Muharram holiday, noting that al – Abadi told the Kurds that they have candidates for the post of Minister of Finance.” Abadi postpone the submission of candidates for the ministries … and Kurds disclose the names of candidates to the Ministry of Finance.
Read More: http://www.dinarupdates.com/observer/
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Federal Court recognizes the unconstitutionality Cancel posts of Vice-President of the Republic
Alsumaria News / Baghdad – Early on Monday, a source revealed the decision of the Federal Court declared unconstitutional Cancel posts of Vice-President of the Republic, for violating the constitutional article.
The source said in an interview for the Sumerian News, “The Federal Court issued a decision ensures unconstitutional dismissal of vice-president.”
The source, who asked not to be named, said: “The court’s decision was based on one of the articles of the Constitution which provides for the selection of one or more Deputy President of the Republic.”
Article (69) that “the law shall regulate the provisions for nomination to the post of President of the Republic, and the law shall regulate the provisions of choosing one or more Deputy President of the Republic.”
The Prime Minister Haider al-Abadi, decided in August 9, 2015, the abolition of the posts of Vice President and Prime Minister immediately.
And the President of the Republic Fuad Masum, three deputies are the first deputy president of the republic, Nuri Kamal al-Maliki and Vice President Osama Najafi and Vice President for National Reconciliation, Iyad Allawi, as voted by the House of Representatives on the eighth of September 2014.
Thanks to MadDScout for posting this…
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Federal Court decision did not address the re-Allawi and al-Maliki and Najafi or not
Twilight News / issued a judicial authority in Iraq on Monday clarification on the heroes of the Federal Supreme Court for the decision to cancel the posts of Vice-President of the Republic.
A spokesman for the authority Judge Abdul Sattar Bayraktar, said in a statement responded to the Twilight News, he said that “the decision to cancel the posts of Vice-President of the Republic stipulated in Articles (69) and (75) of the Constitution is an amendment to the Constitution without the path charted by the Constitution to amend provided for in article (142) thereof which requires a decision by the House of Representatives amendment referendum and the Iraqi people on it. ”
He added that “the decision of the Federal Supreme Court was based on a complaint filed by Mr. Osama al unconstitutionality,” noting that “the resolution does not mention unconstitutionality to restore or not to restore the Vice President of the Republic gentlemen d.Ayad Allawi and Nouri al-Maliki and Osama al. ”
The Federal Supreme Court had earlier in the day ruled unconstitutional the decision to cancel the posts of Vice-President of the Republic.
From our Private FaceBook Group: https://www.facebook.com/groups/571383766355188/
Thanks to “Ebb Haney” for posting this…
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News site: Victory in Mosul will strengthen the rule of Abadi
For the Baghdad government, there is no greater prize than the restoration of the city of Mosul. With the approach of the attack in the coming weeks, extremists are facing the biggest blow can be directed to the succession.
He says Haider al-Khoei, a fellow of the European Council on Foreign Relations in London, “We are not just talking about symbolic victory on Daesh group, but rather about a fatal blow alleged succession, but will remain a powerful terrorist organization and that its loss would increase its attacks in the West, Iraq and Syria in order to say that they still exist and that the loss of its capital in Iraq will not make them disappear. ”
Battle of Mosul may be crucial for Iraq, analysts say, to restore them might help change the views of some of the government as vulnerable by convincing the new Iraqi military capability.
Units to fight terrorism and the Iraqi army is now preparing for the battle, and the Peshmerga forces are deployed near the city. Any military operation against Daesh risky because of the versatility of the extremists in the booby-trapping of entire regions and hide their movements for airplanes using burning oil and using deceptive wheels Humvees bombs and other Iraqi military wheels seized, but Iraqi officials were confident of the final result.
During this week’s broadcast of Prime Minister Haider al-Abadi first radio speech to the people of Mosul, who are suffering from increased violence Daesh in recent weeks against the fifth column, where he said “we will celebrate with you soon great victory in Mosul.”
He promised to raise the banner of Abadi, Iraq’s Mosul over again reviewing the liberated city names “that have returned to our homeland Iraq and to our people.” In late September, the Iraqi forces dropped leaflets for people in southern Mosul, states, “Protect yourselves and do not be human shields for the enemy, and left the city immediately.”
And defended Daesh group for some cities in Iraq, but its fighters Tlachoa in the latest confrontation in Fallujah, leaving Iraqi forces proud victory boosting Iraqi leaders are confident that the battle of Mosul may also be easy.
In the case of loss of grip on Daesh Mosul, there are various participants who have different expectations. Says Michael Knights, an expert in Iraqi affairs at the Washington Institute for Near East Policy, “for the people of Mosul, they will end the nightmare and the beginning of a new era, the Iraqi forces are coming to the city Kqguat editor but not occupied.”
The Knights “For the Americans the victory allows the president to wipe his hands of the Iraqi chaos and turns away as if everything had gone as planned. For the Iraqi government, the political victory large may boost Abadi’s ability to combat all forms of militias and prevent it from taking over the country.” .
Canadian Gen. Dave Anderson administrator Top of training Iraqi forces to victory, says Mosul is inevitable and will be a turning point against the presence of Daesh, and it’s the beginning of the end and Daesh know that “We have seen signs of left leaders Daesh to their positions because they know what will happen, and Mosul will be free.” But the way to edit may decide to shape policy in Iraq for many years to come.
Read More: http://www.dinarupdates.com/showthread.php?42330-News-site-
Thanks to MadDScout for posting this…
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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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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 | 1316.748 | 1316.090 |
| British pound | GBP | 1463.080 | 1462.348 |
| Canadian dollar | CAD | 888.455 | 888.010 |
| Swiss franc | CHF | 1204.156 | 1203.554 |
| Swedish krona | SEK | 136.428 | 136.360 |
| Norwegian krone | NOK | 146.289 | 146.216 |
| Danish krone | DKK | 176.970 | 176.881 |
| Japanese yen | JPY | 11.387 | 11.382 |
| Special Drawing Rights |
SDR | 1638.382 | 1637.563 |