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.
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Mrs. BGG
Iraqi Dinar/Dollar auction 10-27-16 (most recent listing)
Currency Auctions Announcement No. 3306
This daily currency auction was held in the Central Bank of Iraq on the 10-27-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 147,738,885 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 147,738,885 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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What we obtain too cheap, we esteem too lightly; it is dearness only that gives everything its value. – Thomas Paine
*** Current News ***
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Dollar is deteriorating in front of the Iraqi dinar.. National strikes.
The Central Bank succeeds in raising the value of Iraqi dinar to us dollar
At a critical juncture and time passes by Iraq and Iraqi economy under cover of bad war waged valiant Iraqi army and security forces and factions of the popular crowd Bible CBI succeeded in raising the value of the dinar against the U.S. dollar in recent days.
Economic and political sources informed us reported.. The dinar will improve gradually over the next few days and that the US dollar will deteriorate much Iraqi dinar exchange recover after a scientific plan developed economic operators of the Central Bank, the new Central Bank administration policy pursued in cooperation with benevolent and loving and loyal to his liberal Iraq children
And we got some gossip CBI officials and owners of some banks who form a federal power with it’s Central Bank. It was agreed to support the Iraqi dinar and each contribution to the recovery of the dinar against the dollar especially as we’re fighting a holy war with the mightiest evil forces in the world and fight terrorism in many places in Iraq
If it is good news for every Iraqi that the value of the national currency exchange rate of the Iraqi dinar would recover gradually in the next few days and a blessing of the evaluators and commend her plate and think about the critical economic situation of the Iraqi people and the country.
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BGG (Dinar Guru) – [Do you think we actually need all of these laws in place before we can see a rate change?] I do…just a couple of the more critical ones…Gen Amnesty was one, banking and investment are important to the WB/IMF…obviously. However, they are not much of a “hold-up” – they are on a “fast-track” to getting done. GO RV!!
Read More: http://www.dinarupdates.com/observer/
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rcookie (Dinar Guru) – Article: “Government bonds and safe way to save” Quote: “Imad emirate is a financial reform imperative to resettle capital and attracting private investment, especially investment indirect, such as stocks and bonds, and require the reform process in this aspect a number of basic steps, including the development of the stock market in Iraq to their importance in activating the role of the private sector in the process of development.” ONCE AGAIN…HUGE TALK OF FINANCIAL REFORM DRIVING RESETTLING OF CAPITAL AND ATTRACTING FOREIGN PRIVATE INVESTMENT...ESPECIALLY INDIRECT INVESTMENT LIKE STOCKS AND BONDS…AND IMPORTANCE OF LAUNCHING STOCK MARKET ROLE AS PRIVATE SECTOR DEVELOPMENT DRIVER…THAT ARTICLE IS HUGE…HUGE…HUGE…AND TIES IN MUCH OF THE RECENT ACTION AND NEWS WE HAVE BEEN READING ABOUT!
Read More: http://www.dinarupdates.com/observer/
Economic Board shall submit a proposed amendment to the draft 2017 budget law
Economy News / Baghdad … Economic Council, announced Wednesday, submitted a proposal for amendment to the draft federal budget for 2017 Act, to the House of Representatives.
Council President Ibrahim al-Masoudi said in a statement obtained by “Economy News,” a copy of it, that “because of the necessity and the urgency to maximize resources and provide jobs for the purpose of encouraging and supporting the national industry, so we propose to amend Article 36 and 28 of the federal budget for the 2017 law.”
He added that “the amendment includes: Second paragraph added to Article 36 which, as an exception and what is mentioned in the first exempted from duties of imported raw materials and components by the general productive sector companies which are contained in its name and its use exclusively in the production processes.”
He said President of the Council, that “the amendment includes, adding the phrase (and any local product) on Article 28 to be as follows, federal ministries, provinces and departments not associated with the Ministry is committed to purchase their requirements from the federal ministries products (Wi local product).”
He said al-Masoudi, “that at least the added value of these bundled products and manufactured on (25%) of the cost of import value added to them and to the local product prices are not higher than the imported counterparts by more than 10%, taking into account the quality and quality specifications.”
Read More: http://www.dinarupdates.com/showthread.php?42952-Economic-Board
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Kaperoni (Dinar Guru) – [why would Iraq depeg or stop selling the dollar and “free float” the dinar? It just doesn’t seem likely…] ...is not a choice. It is not something that decided randomly, but an event as part of the CBI’s monetary policy. To simplify, the CBI has what it calls a Capital Account…in which investment funds are that come through the banking system end up in. As the Capital Account grows, so does inflationary pressure on the Iraqi economy. As a result, the CBI, must have a more flexible exchange rate (some type of float) to counter this pressure. In other words, as investors and investment comes into Iraq, the exchange rate will rise. [post 2 of 2]
Read More: http://www.dinarupdates.com/observer/
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Jubouri of Arbil: the political map of post-Daesh may be shocking
[Oan- Baghdad] – Parliament Speaker Salim al – Jubouri said that the political and social map of the post – Daesh may be “shocking.”
He said al-Jubouri, during his speech at the Third East Forum Middle Studies, which will be held in the city of Arbil, “we peace and form the option industry and his way war is not our choice mostly, but we can define an end after the other parties imposed on us its beginnings” .. follow
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Coinciding with the victories of our security forces in Mosul. The Central Bank raised the dinar against the dollar
Central Bank officials confirmed yesterday that the Iraqi dinar price final price us dollar coinciding with victories of our security forces are advancing towards the liberation of the city of Mosul, the source said in a press statement singled out by the news that the Central Bank decided to raise the value of the Iraqi dinar against the US dollar financial mechanisms within its own policies stating that those mechanisms are subject to the principle of supply and demand in the domestic market. The source said the Iraqi dinar during the coming few days will witness a significant rise in the price of the US dollar.
BGG ~ Text from another version of this piece of news…
“The source, who preferred not to be named, said the Iraqi dinar will see over the next few days, a significant rise in price against the US dollar…”
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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 | 1291.335 | 1290.689 |
| British pound | GBP | 1443.695 | 1442.973 |
| Canadian dollar | CAD | 884.731 | 884.288 |
| Swiss franc | CHF | 1191.893 | 1191.297 |
| Swedish krona | SEK | 132.535 | 132.469 |
| Norwegian krone | NOK | 142.807 | 142.736 |
| Danish krone | DKK | 173.601 | 173.515 |
| Japanese yen | JPY | 11.327 | 11.322 |
| Special Drawing Rights |
SDR | 1624.139 | 1623.327 |