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 11-06-16 (most recent listing)
Currency Auctions Announcement No. 3312
This daily currency auction was held in the Central Bank of Iraq on the 11-06-2016
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$) | 147,044,275 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 147,044,275 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Central Bank: the deletion of zeros in early 2017
Benefits:
1.adraj Iraqi dinar within the global currency basket and handle it officially the world ‘s stock exchanges and financial markets.
2.amkanah held economic agreements to handle the national currency as Iraq could hold Order dollar instead dinar when the contract to build two production lines deals agreements or transactions Stirad goods this will cover a very large part of the foreign remittances that are squandering of national wealth from foreign exchange.
3.illt trading allows dealing in Iraqi dinar in the Iraqi market and not rely on foreign and squandered currencies and Bosrtha transfer abroad by the private and public sector, which is the sovereign wealth dissipated abroad a small, non – essential positions and luxury in Iraq at the time need this wealth of storage as a reserve.
4.seetm rid of manipulating market currency exchange and finish the so – called auction sell the currency , “” burning oven dollar “”
5.satoagaf work corrupt suspicious of banks and their agents and Smaserthm “” contractor and investor cartoons ”
6.seetm capping the highest amounts transferred abroad of currency the dollar and the euro and the yen sterling and the yuan exchange – active and other pound to ensure that no smuggling the vast majority of trades of currency smuggling.
The Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project.
He said: ” the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency”, returned him as “this strategic project will serve the country ‘s economy if will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world stock markets. ”
He added that” the Bank is working on mechanisms for the implementation of this project is expected to start at the beginning of 2017 , “noting that” the central bank began the first steps of the project through the selection of the designs , companies and the country that will be the currency printing. ”
He pointed out that” the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years , “pointing out that” this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity In the market ”
Alrasheedmedia.com
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Kaperoni (Dinar Guru) – Article: “Learn the benefits of removing zeros from the Iraqi currency” Quote: “…the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project.” That is a good one…! High hopes and fingers crossed! We have a bit to wait yet. They need to end the war and clean out Mosul and I am sure they need to pass a few more laws. But this article for sure provides more clarity and confirmation on the plan.
Read More: http://www.dinarupdates.com/observer/
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wmawhite (Dinar Guru) – …it is always good to ask…”what is it that we know.” Most of what we know comes from the Central Bank of Iraq. The most recent was two and a half weeks ago… “The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project…he added that “the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017…” …other article/opinion pieces, IMO, support or add to what the CBI has indicated what they want to do.
Read More: http://www.dinarupdates.com/observer/
Zawbai: issuance of warrants against 18 ministers and 137 General Manager
Baghdad scales news – Detect parliamentary integrity Committee Chairman Talal Al-zawbai, Saturday, the issuance of warrants against 18 ministers and 137 General Manager.
He said parallel news/zawbai, that “warrants issued against more than 18 ministers or Minister and more than seven secretaries.”
He added that “there are other arrest warrants issued against 137 General Manager or is his degree.”
He drew zawbai that “this operation is considered a revolution against corruption and orders issued by eliminating evidence of his courage and full cooperation between the legislative and judicial branches
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Kaperoni (Dinar Guru) – Article: “Exclude” the application of a unified Gulf currency in the near term” Quote: “Confirmed economists, that put up a unified currency Lt six members of the Gulf Cooperation Council is unlikely in the long foreseeable future.” More good news…for years the Middle East has talked about unifying to a single currency, which if it happened would not be good for us as we want to see Iraq with it’s own strong Dinar. The statement “unlikely in the long foreseeable future” is good news for sure.
Read More: http://www.dinarupdates.com/observer/
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Parliament begins tomorrow with the second reading of the budget in 2017
{Baghdad: Euphrates News} House of Representatives tomorrow begin the second reading of the budget law for 2017.
According to the parliamentary finance committee member Sirhan Ahmed told {Euphrates News} Friday, that ” the parliament will start in its regular day on Saturday the second reading of the law of 2017budget.”
He added that ” there will vote on the budget bill at the completion of the final version of him during this month . ”it is said that the House of Representatives ended on 24 October last, the first reading of the draft next year ‘s budget law of 2017.
With regard to the granting of employee long vacation Act Ahmed said,” this law came from the government and the financial bush and purpose to make it easier for employees to carry out again, it may be economically feasible in the law that we pass in the cash – strapped country. ”
the voice of the House of Representatives in its regular Thursday under the chairmanship of Salim al – President of the Council and in the presence of 217 deputies, in principle the draft grant the employeevacation unusual Taiwilh.anthy law
alforatnews.com
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Parliament: the host Governor and bank managers to discuss the reasons for the high dollar prices
The Parliamentary Committee on the economy and investment plans to host the Governor and directors of State banks, soon to find out the reasons for the low dollar reserves and exchange rate appreciation.
Although taking many Iraqi Central Bank action to try to reduce the dollar in local markets remains shaky rising up sometimes to 1300 dinars per dollar, as attested in return Bank reserves, continued deterioration.
Supermarket called citizens and merchants to complain to him about banks and remittance companies that sell per dollar by more than 1200 BD, having expanded sales outlets to include State banks, as campus last month three private banks and banking company 99 entry window to sell the currency, because of violation of the laws and regulations of the Bank regarding the purchase and sale of foreign currency but those actions didn’t work well in lowering rates, and comforted to reasons of oil sales and the dollar exchange rate to other currencies.
Because House Members criticized the monetary policy followed by the Central Bank, which led to huge waste in fiscal reserves, but decreased from 78 billion dollars in 2013 to 40 billion this year, because of that the Parliamentary Committee on the economy and investment plans, the host Governor and directors of State banks, soon to find out the reasons for the low dollar reserves, as well as rising exchange rates, especially after accusing members of the Parliamentary Committee on the economy and investment the monetary policy pursued by the Central Bank for the delivery Dollar in the local market to more than 1300 dinars per dollar, while the official selling price to the Bank not later than 1200 dinars per dollar, calling for a new policy to sell the currency through the open window for direct sale to citizens, and prevailing market price and bring benefit to the public budget.
For his part, said the spokesman for the Central Bank and Acer Jabbar “Central Bank reserve file is not a complex as described by some, and the increase and decrease in reserve of process occurs in all countries of the world, because it is influenced by several factors, notably imports from oil sales, and dollar exchange rates of other currencies.
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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 | 1307.765 | 1307.111 |
| British pound | GBP | 1472.890 | 1472.154 |
| Canadian dollar | CAD | 883.012 | 882.571 |
| Swiss franc | CHF | 1214.051 | 1213.444 |
| Swedish krona | SEK | 132.779 | 132.713 |
| Norwegian krone | NOK | 144.384 | 144.312 |
| Danish krone | DKK | 175.759 | 175.672 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1635.191 | 1634.373 |