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.
Word for the day…
Mrs. BGG
Iraqi Dinar/Dollar auction 01-02-17 (most recent listing)
Currency Auctions Announcement No. 3350
This daily currency auction was held in the Central Bank of Iraq on the 1-2-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 31 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 163,745,581 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 163,745,581 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Those who excel in virtue have the best right of all to rebel, but then they are of all men the least inclined to do so. – Aristotle
*** Current News ***
Central Bank of Iraq supports the currency “delete the zeros” (from) the Dinar
Revealed the Keywords Governor of the Central Bank of Iraq to delete the zeros of the Iraqi currency, he began to develop the first steps of the support of the Iraqi dinar project.
Keywords and said in a statement, said 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 strategic project will serve 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 introduction of the new currency does not mean the destruction of ancient coins, but will continue to trade for about 10 years.
Abmisr.com
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BGG (Dinar Guru) – [what are you most excited about lately?] All of it. Hard to pin my interest on any one thing…and maybe that is the exciting part – it isn’t just one thing. It’s the forward velocity on virtually all fronts. [top five?] 5) IMHO there is more to this comment by Abadi over Mosul taking 3 more months the other day… I really doubt that proves to be accurate… translation? Political posturing? Some kind of intentinal mislead? IDK – but it does seem at odds with most of his previous commentary. 4) The recovery of stolen monies by the GOI – big news. They are looking to put an end to the culture of corruption. 3) The passage of the J&A Law – HUGE piece…2) General forward velocity of all the Economic and Financial reforms going on right now – they are really building an economy – FAST. 1) Obviously – the statements by the current Gov of the CBI concerning their “beginning of 2017” timeline – HUGE!
Read More: http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) – [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.] I don’t know that “urgency” is in their vocabulary – but they are moving forward with “extreme prejudice”. Much of this progress is highly likely the oversight of the IMF/WB at play – they say – Iraq does, IT WORKS. Good stuff.
Read More: http://www.dinarupdates.com/observer/
Abadi: next year will be a year of economic openness
Baghdad / term – The head of the Council of Ministers, Haider al-Abadi, that next year will be a year of economic openness to the country.
Ebadi said in a press statement received “long” version of it, “like to thank the Iraqi people for their cooperation in overcoming the economic crisis experienced by the country as a result of lower oil prices.”
He added that “next year will be a year of economic openness of the country.”
It is noteworthy that Iraq over the severe financial crisis of the past two years because of lower oil prices and increased spending on the military side as a result of the war against al “Daesh” terrorist, prompting the government to take austerity and reduce unnecessary spending and stop economic projects in all parts of the country’s policy.
The Abadi, had confirmed that Iraq is passing through a difficult and challenging circumstances is an opportunity to restructure the Iraqi economy more efficient manner through multiple resources. The ambassadors of the industrialized countries have expressed their full support for Iraq in the financial crisis as a result of the collapse in oil prices and to find ways and alternatives and solutions to overcome them and to provide the gravity of the Iraqi economy.
Read More: http://www.dinarupdates.com/showthread.php?44964-Abadi-next-year-will-be-a-
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…)
BGG (Dinar Guru) – [Can Iraq go international with their currency before the UNSC meets and officially releases the final two sanctions?] the assumption the “Iraq can GO international with their currency” is a flawed viewpoint. They need this international support to do such a thing. Where would Iraq be if no one is willing to accept whatever change they put forth? …they will get to do what they get support (and guidance) to do…they succeed thus far – because they are listening and doing. [Hope the UNSC meets soon to provide the clearance.] The IMF and WB are much more important – the UNSC will be lucky if they exist in a year or two.
Read More: http://www.dinarupdates.com/observer/
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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.
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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-
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1235.545 | 1234.927 |
| British pound | GBP | 1448.541 | 1447.817 |
| Canadian dollar | CAD | 876.335 | 875.896 |
| Swiss franc | CHF | 1154.297 | 1153.720 |
| Swedish krona | SEK | 129.024 | 128.959 |
| Norwegian krone | NOK | 136.136 | 136.068 |
| Danish krone | DKK | 166.207 | 166.124 |
| Japanese yen | JPY | 10.124 | 10.119 |
| Special Drawing Rights |
SDR | 1583.986 | 1583.194 |