Word for the day…
Mrs. BGG
Iraqi Dinar/Dollar auction 01-26-17 (most recent listing)
Currency Auctions Announcement No. 3368
This daily currency auction was held in the Central Bank of Iraq on the 1-26-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 35 |
| Number of remittance companies | 18 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 174,951,403 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 174,951,403 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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The world turns aside to let any man pass who knows where he is going. – Epictetus
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Kaperoni (Dinar Guru) – Article: “Parliament calls for financial follow-up funds allocated through auction currency imports” Quote: “Float the currency and pointed to the possibility of the application of the currency was floated , such as what happened in Egypt and leave the supply and demand of the process is controlled by the exchange rate and the possibility that service to the economy of the country…” Sounds like Dr. Magda Tamimi is pushing to get off the peg and float the dinar.
Read More: http://www.dinarupdates.com/observer/
THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.
We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.
BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…
1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.
2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.
3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.
I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.
4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…
Read More: http://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Friday-January-27th-2017
MadDScout (Dinar Guru) – Article: “Rasheed Bank in line with an international company of the Comprehensive Banking System Requirements” More banking reform being implemented…Laws being applied evenly…Upgrading the technology and moving into “international” requirements…
Read More: http://www.dinarupdates.com/observer/
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Iraq opens the door to possibilities deletion of zeros from the local currency (16/1/2017)
Baghdad (Iraq 24) – Iraq opened the door to possibilities deletion of zeros from its currency, where the Central Bank of Iraq, said that there is full control of the Iraqi dinar.
The governor of the bank on the Keywords in a press statement, that “the rumors about the Iraqi dinar at risk and prone to degradation and decline in comparison with other currencies as dollar, is not true,” adding that “Msatralih dinar fully and that in progress.”
…” adding that “Msatralih dinar fully and that in progress.”…
Another posted this translation:
Msatralih (verb)
1) to make a new or revised valuation of;
2) to increase the legal exchange value of ( a nation’s currency ) relative to other currencies
wmawhite: Msatralih dinar fully and that in progress.
Msatralih dinar fully and that in progress.
wmawhite: …” adding that “Msatralih dinar fully and that in progress.”…
Okie Dinar: Awesome!
BGG: BIG TIME!!
wmawhite (Dinar Guru) – Article: “Iraqi Central Bank, all banks to stop providing drafts bills and import licenses on the sale of currency window, pointing to comply with the electronic system” This is significant. The IMF encourages all central bank to have the exchange/sale of foreign currencies within their country to reside within the banking system. Not at the central bank. This article shows that the CBI is engaged in completing that task. The CBI just put out the instructions a week ago and today it is telling the banks to get with it, follow the instructions.
Read More: http://www.dinarupdates.com/observer/
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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG
Robert Cook CSW CSS CBP CST CTC
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…)
Exchanging fire across the Tigris as battle for west Mosul looms
By Michael Georgy | MOSUL
An Iraqi soldier stared patiently through a high-powered scope until he spotted a bulldozer across the Tigris River. He alerted his elite unit, which fired a missile with a boom so loud it blew a metal door behind the soldiers off its hinges.
The target, which was being used to dig earth berms to fortify Islamic State positions, exploded into a blaze that sent white smoke into the sky.
Militants could be seen gathering at the bulldozer as it burned. Some arrived on foot, others in a pickup truck or on a motorcycle, seemingly unfazed by the prospect of another rocket landing.
“The terrorist driving that bulldozer is burning. He is cooked,” said Mostafa Majeed, the soldier manning the scope.
In three months of Iraq’s biggest military operation since the fall of Saddam Hussein in 2003, government forces have seized most of east Mosul.
But they have yet to cross the Tigris, leaving the western half of the city still firmly in the hands of the jihadists, who declared their caliphate here two and a half years ago.
Now, the troops are firing across the river to harass the militants and disrupt their fortifications, in preparation for the next phase of the campaign: the fight for the other side.
“The idea is to keep making life tough for them from our position, to kill them and prevent them from escaping as other forces surround them from other directions,” Major Mohamed Ali told Reuters.
The methodical advance of Iraqi forces is a sharp contrast to 2014, when the army collapsed and fled in the face of a force of only an estimated 800 Islamic State militants that swept into Mosul and swiftly seized a third of Iraq.
The soldiers appear disciplined as they position themselves on rooftops behind green sandbags, painstakingly watching the militants’ every move through binoculars and scopes, hoping to get a clear shot with sniper rifles.
To get a closer look, the men send up a computer-operated white drone aircraft, propelling it over Islamic State territory for more accurate intelligence.
Islamic State militants are gathered at their stronghold of Abu Seif village below steep hills and Mosul Airport, just beyond the Tigris.
The group is expected to put up fierce resistance when the next phase of the offensive kicks off, possibly within days.
If the militants lose Mosul, that would probably mark the end of their self-proclaimed caliphate that has ruled over millions of people in Iraq and Syria. Iraqi authorities and their U.S. allies still expect the fighters to wage an insurgency in Iraq and inspire attacks against the West.
Militants could be seen, through a scope, monitoring the rapid reaction force from the other side of the river.
“They watch us, we watch them,” said Majeed as he spotted a vehicle on the move.
Although there are plenty of rockets like the one that took out the bulldozer, the Iraqi forces say they use the heavy weapons only against important targets or when there is a substantial gathering of jihadists in one spot.
“If it is fewer than nine terrorists we hold fire,” said one soldier.
Snipers are used more freely. One hid a few hundred feet from the east bank of the Tigris and opened fire every ten minutes or so.
Hours after the rocket demolished the bulldozer, Islamic State retaliated, firing a series of mortars towards the rapid reaction force.
One crashed a few streets away. Another landed closer. A third hit the river about 200 meters away.
(Editing by Peter Graff)
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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 |