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 12-28-16 (most recent listing)
Currency Auctions Announcement No. 3348
This daily currency auction was held in the Central Bank of Iraq on the 12-28-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 169,390,375 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 169,390,375 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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*** Current News ***
Dinar Updates – “After Call!!”
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Arthur (Dinar Guru) – Along with all the requisite political and banking reforms, the equation was, is and always has been GOI + HCL = RV. With all the current proxy positions, rather the GOI is adequately complete for the UST is debatable but all indication are they are satisfied with the fulfillment of that variable of the equation. As for the HCL further progress is scheduled for Wednesday 12/28 after which we should be able to determine if there has been adequate progress to warrant a release of all remaining sanctions for Chap VIII and a subsequent rate increase necessary to satisfy the 2017 budget in Iraq… As of this post the PTB is still on schedule for early 2017.
BGG ~ There will be no “official HCL passage” – I’ve laid out all the reasons for not and why they don’t need to… further – this “early 2017 PTB reference” is actually a ‘twistation’ of actual comments by ALAK – the current Gov of The CBI.
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Iraq calls for the implementation of e – dinar
Baghdad / Rafidain Bank urged to leave work instruments system before issuing the e-dinar.
The Director of the Rafidain Bank Khawla student, in a press statement, said that “electronic money are important in increasing the money supply within the banking system,” indicating it would “contribute to the creation of deposits out of bank records and help to monitor and control the movement of these deposits.”
She stressed that “the electronic system helps eliminate corruption and fraud and speed up the collection and payment and provision of services have the consent of the citizens and increase the level of culture among the society”, calling on the media to “that supports the banking business in Iraq and not to discredit the banks because it would shake the trust between the public and the banks.” .
Jabbar and stressed “the need to leave work instruments system before issuing the e-dinar with the emphasis on raising public awareness of distasteful regimes electronic payment.”
The e-dinar means get rid of the payment in cash to electronic payment through credit cards, which operates most of the countries.
Read More: http://www.dinarupdates.com/showthread.php?44966-Iraq-calls-for-the-
loop (Dinar Guru) – The CBI has indicated some kind of structural economic reform is on the horizon. I would really be surprised if they pegged the to the SDR. Ultimately, I do not care how it happens. Just as long as some kind of value change happens.
Read More: http://www.dinarupdates.com/observer/
Central Bank eliminates the use of customer financial operations of electronic fee
[Oan- Baghdad] The Central Bank of Iraq, cancel use of customer financial operations of electronic charge.
According to a statement to inform the bank received by all of Iraq [where] a copy of it, “in order to spread the culture of the electronic payment system and the shift from cash to electronic transfers in different financial operations as well as to encourage citizens to adopt modern methods in electronic point of sale [POS], the central bank decided Iraqi that the customer does not bear any fees when using electronic POS scattered across Iraq.
Iraq:
If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.
DayTrader
IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)
Kaperoni (Dinar Guru) – Articles: “Iraq completed its commitment to one of the two resolutions to exit from Chapter VII” “Iraq, one step closer to leave Chapter VII of UN Charter” …this move is a good thing. Unlikely Iraq would want to be fully out of UN Chapter VII without their own internationally convertible currency. Seems that this is coming together at the same time the banking reforms are being implemented with the help of the IMF.
Read More: http://www.dinarupdates.com/observer/
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We agreed with al-Abadi to complete political reforms
BAGHDAD / Sky Press: He said the cleric Muqtada al-Sadr, on Monday, he agreed with Prime Minister Haider al-Abadi to complete political reforms, while noting that the attack on the Christian component is a “terrorist act.”
Sadr said in a joint news conference with Prime Minister Haider al-Abadi and I followed, “Sky Press,” that “our meeting today with Abadi was fruitful and we agreed on three points,” noting that “the point at first was supported by the Iraqi army and the complete liberalization of Mosul, the second point is complete political reforms, and the third represented the support of moderation in Iraq. “…
Skypressiq.net
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Decline in the dollar exchange rate in local markets
Economy News / Baghdad …Dollar exchange rate in the domestic market in the Stock Exchange fell on Monday.
Bourse struggle – Baghdad 130.800, while the Stock Exchange struggle to 131.100 on Sunday.
Buying and selling in shops Banking Rates:
Dollar selling price = 131.250 dinars.
The purchase price of the dollar = 130.250 dinars.
DinarUpdates.com
BGG ~ This article will get some “airplay” – looks like a shady translation to me… if there were a “real move” we would know it AND the removal of the 3 zeros “project” does NOT refer to simply eliminating one, two or three decimal points from the nominal value. However, if they wind up at a value around 1 USD it may, in fact, look like it – but this project name is referring to the removal of the large notes. PERIOD.
Three more months to retake Mosul, says Abadi
Iraqi Prime Minister Haider al-Abadi. AP file photo
ERBIL, Kurdistan Region – The fight for Mosul will take another three months, Iraqi Prime Minister Haider al-Abadi announced on Tuesday as the ongoing battle to liberate the group’s stronghold in the northern Iraqi city is paused to allow Iraqi forces to regroup.
Speaking at a press conference following a meeting of his cabinet in Baghdad, Abadi said “to finish ISIS, we need three more months.”
Abadi had previously said that Iraqi forces expected to have control of the city by the end of the year.
Iraqi and Kurdish forces made quick progress on the outskirts of Mosul and though the battle slowed in the heavily populated streets of the city, Abadi remained optimistic that ISIS would be quickly defeated in the city, meeting the end of year timeline he said as recently as late November in an interview with AP.
The top US general commanding the global coalition of forces, Lt. Gen. Stephen Townsend, estimated that another two years is needed to defeat ISIS in both Mosul and its Syrian stronghold of Raqqa. He made his comments in an interview with The Daily Beast published Monday.
In his press conference, Abadi also addressed remarks made by Saudi Arabia’s Foreign Minister who described the Shiite Hashd al-Shaabi as a “sectarian” force.
“We reject remarks made by Adel Jubeir, the Saudi’s foreign minister about Hashd al-Shaabi and we ask Saudi to busy themselves solving their own problems,” Abadi said.
The Shiite forces have been accused of committing human rights violations against Sunnis, particularly in the offensive to retake the city of Fallujah. They are participating in the Mosul offensive on the western front, cutting off ISIS’ supply and escape routes to Syria.
This month, the force came under the control of Baghdad, being given official status under law. This move “prevents the spread of weapons outside the law,” Abadi said.
Rudaw.net
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1234.599 | 1233.982 |
| British pound | GBP | —– | —– |
| Canadian dollar | CAD | —– | —– |
| Swiss franc | CHF | 1149.135 | 1148.560 |
| Swedish krona | SEK | 128.226 | 128.162 |
| Norwegian krone | NOK | 135.554 | 135.486 |
| Danish krone | DKK | 166.049 | 165.966 |
| Japanese yen | JPY | 10.070 | 10.065 |
| Special Drawing Rights |
SDR | 1583.466 | 1596.993 |