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 01-08-17 (most recent listing)
Currency Auctions Announcement No. 3354
This daily currency auction was held in the Central Bank of Iraq on the 1-8-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 156,295,293 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 156,295,293 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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Government measures to raise the value of the dinar and prevent monopoly sale
Governmental banking company to reduce the use of forged documents in the currency smuggling
The observer of the Iraqi – Mushtaq Hasnawi – CBI is seeking to raise the Iraqi dinar exchange rate against the dollar in the domestic market during the next term in coordination with the government and private banks through several steps in the forefront of the establishment of government banking company controls the sale of foreign currency by the Central Bank of the recommendations, as well as all other administrative steps will contribute to the reduction of the high dollar exchange rate despite the infusion central bank large amounts of dollar to meet domestic market needs, but the government and the central bank ‘s policy of relying on oil to bring in hard currency for the country may cause future economic problems in the country.
And sees specialists that there is fraud of the documents under which banks and dealers get hard currency from the bank auction and that befuddled the process of selling them in the domestic market, driving up the dollar ‘s exchange rate against the dinar, and the security forces did not take any actions against the counterfeiters in spite of filing complaints so the fact that most of them linked to influential political party hinder the application of the law, and there are expectations of an increase of revenues of hard currency due to improved oil prices, and this will have a significant role in increasing the supply of foreign currency on the domestic market and thus will increase the central bank’s dollar selling to Mwatunain.edo governing body outlets
Central Bank Majid picture says in a conversation with (Iraqi observer): the Central Bank has taken several measures in order to raise the value of the Iraqi dinar , including the establishment of government banking company in collaboration with the Rafidain and Rasheed , as well as the participation of trade Bank of Iraq … and take this company upon themselves to sell the dollar operation in the domestic market in order not to monopoly by the banks that participate in the currency the central bank window, and continued the picture: there is a problem facing our work forged documents under which the traders and banks get hard currency from the bank auction, and most of these forged documents in spite of the presence of ratifications commercial attache offices to some embassies in Iraq, strange that the security services did not take any actions against counterfeiters , because each link of influential political figures in the government.
Suri predicted that there would be positive effects of the agreement to cut oil production “OPEC” on the Iraqi dinar exchange rate. He pointed out that Iraq ‘s revenues in hard currency may Tzdad, and this will have a significant role in increasing the supply of currency in the local market.
For his part, the financial expert punitive Hamid said in a conversation with (Iraqi observer) that 80 percent of the $ 312 billion sold by the central bank in 12 years, had been smuggled abroad. He added: “12 years ago to establish a central bank auction, it was sold $ 312 billion , and 80 percent of them turned out of Iraq.
He explained: Participants in the Auction currency from banks and companies, their goal was to obtain hard currency at a lower price to be smuggled out of Iraq, after the submission of forged trade documents.
And he demanded punitive government to change its economic policy on how to bring in hard currency for the country through the activation of the productive sectors in which to fill the local need and a surplus for export abroad and not to rely entirely on oil to finance Iraq ‘s budget for the coming years. To that central bank sales of the dollar dropped in 2016 by more than ten billion dollars from a year earlier.
The bank said in a statement that sales of the dollar banks reached since the beginning of the year 2016 and up to 31 of December 33 billion and 523 million and 710 thousand and $ 489. He added this amount dropped from what it was on the same date last year in 2015 in which sales reached 44 billion and 147 million and 223 thousand and $ 185.
Almuraqeb-aliraqi.org
BGG (Dinar Guru) – …everyone (me included) has operated under this premise that “they” wouldn’t tell us…like it’s some big secret… “the WHALES would sweep in and buy up Iraq for pennies on the dollar”…WHO WOULD THE WHALES BUY IT FROM? the amount of Dinar in circulation outside of Iraq is a set number – they could care less who owns it…me – you – the guy down the street… it’s all the same to them. …these articles they are printing are for their own people and their own purposes. Nothing to do with us… we are actually the little fish in this whole play. …the currency “re-integration” is NOT THE BIG PLAY HERE. Big time traders will make money on this the same way they always do – by trading once this new market goes digital and is accessible…and the big play is the “wall of investment capital” Iraq will get hit with once this happens. Once they are fully re-integrated in the world economy – THIS IS THE REAL PLAY. [The first few days on the ISX after their currency is international is going to be facinating.] Could be the biggest single movement in this whole happening.
Read More: http://www.dinarupdates.com/observer/
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wmawhite (Dinar Guru) – They have laws that eventually need to be passed. However, none of those laws preclude a change in the value of the currency. Remember, nearly 21 months ago…March 3, 2015 the CBI announced that they had received the “green light” to move forward with the “Delete The Zeros Project.” nothing about needing any laws passed…this event is in process…it is not a single event. Instead, it has many parts to it and the value change is only one part of the project that is needed up front.
Read More: http://www.dinarupdates.com/observer/
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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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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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 | 1184.000 | 1182.000 |
| Euro | EUR | 1229.584 | 1228.969 |
| British pound | GBP | 1455.018 | 1454.290 |
| Canadian dollar | CAD | 881.083 | 880.643 |
| Swiss franc | CHF | 1150.073 | 1149.498 |
| Swedish krona | SEK | 129.489 | 129.425 |
| Norwegian krone | NOK | 136.601 | 136.532 |
| Danish krone | DKK | 165.398 | 165.315 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1582.534 | 1581.743 |