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Iraqi Dinar/Dollar auction 11-13-16 (most recent listing)
Currency Auctions Announcement No. 3317
This daily currency auction was held in the Central Bank of Iraq on the 11-13-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 34 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 148,395,914 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 148,395,914 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Hub (Dinar Guru) – Article: “CENTRAL BANK: THE DELETION OF ZEROS IN EARLY 2017“ Quote: “The governor of the Iraqi Central Bank on the Keywords that project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.” …a thought, they are about to change the value of a 25,000 note from $22 to maybe $75,000, why would they say we are going to do this is 2017 so every tom, dick and harry can go buy some more…i think it is a ploy and i would not be surprised to see it much quicker… […since the CBI indicating the dropping of the 3 zeros in early 2017, does that mean that based on this article we wouldn’t see a change until then or would they have to begin the rate change part of the process sooner…?] in my own humble opinion, i think they would have to implement the change before dropping the zeros which is really bring out lower denoms and getting the big notes off the street.
Read More: http://www.dinarupdates.com/observer/
Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency
Omar Al-Fateh – The reasons for deleting three zeros from the Iraqi dinar and what it means to delete the three zeroes from the Iraqi currency, the fact deleting three zeros from the Iraqi dinar, the official source at the Central Bank of Iraq, said that the beginning of the beginning of 2017, will the central Bey Iraqi deleting three zeros from the currency of Iraq, Finance Committee also announced in parliament that the central bank will start at the beginning of 2017 by deleting three zeros from the local currency, in other words, that the unity of the coin in 1000 dinars from the old currency will be replaced by only one denarius of the new currency, and so on.
Start procedures to delete three zeros from the currency in 2017
Going on in the minds of many Iraqis that the important question of whether to raise (the zeros from the Iraqi dinar) harm or benefit? Thus why do not we raise the zeros, the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq’s economy again in January 2017, the step by Iraq intended to reform the local currency system based on the use of the currency too high denominations, which leads to difficulties in handling and in private transactions accounts, as well as higher prices resulting from the use of monetary units higher categories, which leads to a decline in the currency and declining purchasing power exchange rate the dinar in a big way.
CBI decision to remove three zeros from the Iraqi dinar
Iraqi Central Bank chairman said that the deletion of three zeros from the Iraqi dinar will help in flourishing once again the Iraqi economy and the return of the Iraqi currency traded in international stock markets, the deletion of zeros restore Iraqi currency mind in periods of monetary turmoil and declining public revenues of the state at a time when the expenses increase, resort states often to print more of the local currency, leading to price hikes and the occurrence of high inflation, the need to cross categories with high currencies such as the one thousand and one million one hundred thousand … etc., and with every raise in the denomination as the economy enters the furnace of inflation.
Why delete the three zeroes from the Iraqi dinar
The aim of deleting three zeros from the currency of Iraq is one of the means to control the high inflation is monetary reform, coupled with a change in monetary policy by the old currency high Pfiadtha replacement of a new currency with lower categories so prices tend to decline, but does he have on inflation? The answer is no, because the elimination of inflation is required to follow state moderate monetary policy, an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project of the year 2017 and stressed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.
BGG (Dinar Guru) – [So what is your take on this latest “Upgrading of the Iraqi Currency” rash of articles?] …even though this is likely a “second circle” commenter…it sure is nice to hear someone in that sphere talking (affirmation) along these lines… AND this isn’t “confirming” anything HAS happened… but still adds another log on the “fire” – so to speak…and this speaks to the very heart of the matter for many people… “IS THIS REAL“? …after all this FBI intervention… had this NOT BEEN REAL – there is NO DOUBT they would have been able to attack the veracity of this – as an investment around that time. AND…I (even for myself) go back to the FUNDAMENTAL DOCUMENTS as my “proofs” for my thesis… The SIGR Report…The LOI’s…All of the IMF Documents. The EVIDENCE MOUNTS DAILY. “Affirmation”…
Read More: http://www.dinarupdates.com/observer/
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Enorrste (Dinar Guru) – The CBI will begin destroying the large notes, thus reducing the money supply, and this will put upward pressure on the value of the currency, irrespective of Article VIII. If they also accept the Article VIII conditions, which I believe is the stated goal of the IMF, then the process could move along much faster. Trade would improve in Iraq, thus allowing more money to come into the country, relieving the liquidity crisis somewhat, and this would allow the CBI to begin reducing the money supply. They are clearly on record that they want the money supply to be brought down to 40 billion dinars. They just have to have a mechanism to make this happen without too much of a jolt internally. And, of course, they have to START. I believe the article is saying that they have made a determination that the start will happen in early 2017.
Read More: http://www.dinarupdates.com/observer/
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The CBI decision to remove three zeros from the currency of Iraq beginning in 2017
An official source at the Central Bank of Iraq that the beginning of the beginning of 2017, will the central Iraqi Bey deleting three zeros from the currency of Iraq.
The official source at the Central Bank of Iraq emphasized that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the Kuwaiti Iraqi dinar, which will be a key reason for the return of Iraq’s economy again.
He stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project from 2017 and confirmed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.
Iraqi Central Bank chairman said that this step will help the Iraqi economy booming again and the return of the Iraqi currency traded in international stock markets.
I know the CBI decision to remove three zeros from the currency of Iraq beginning in 2017 through Thagafna source
Filkhbr.com
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The central bank begins its first steps to delete the three zeroes from the currency
The governor of the Iraqi Central Bank, said the bank began to develop the first steps of the project to delete the three zeroes from the Iraqi currency.
Between the Keywords in a statement that the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this project is strategic It will serve as the country ‘s economy, as the dinar will be included in the global basket of currencies in the vital exchanges. He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017.
He pointed out that the Keywords introduction of the new currency does not mean the destruction of ancient coins, but will continue to trade for about 10 years.
Courtesy of RCookie
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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 | 1287.789 | 1287.145 |
| British pound | GBP | 1466.862 | 1466.129 |
| Canadian dollar | CAD | 877.180 | 876.741 |
| Swiss franc | CHF | 1197.083 | 1196.485 |
| Swedish krona | SEK | 130.683 | 130.617 |
| Norwegian krone | NOK | 141.933 | 141.862 |
| Danish krone | DKK | 173.057 | 172.971 |
| Japanese yen | JPY | 11.161 | 11.156 |
| Special Drawing Rights |
SDR | 1620.770 | 1619.960 |