Word for the day…
Mrs. BGG
Iraqi Dinar/Dollar auction 02-01-17 (most recent listing)
Currency Auctions Announcement No. 3372
This daily currency auction was held in the Central Bank of Iraq on the 02-01-2017
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$) | 160,116,401 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 160,116,401 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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It would be a hard government that should tax its people one-tenth part of their income. – Benjamin Franklin
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BasNews Clarification on Exchange Rate Section
ERBIL — BasNews Agency clarifies that the exchange rate occurring on BasNews website may not be accurate for the
timbering due to some technical issues on our newly-designed website.
This section is under maintenance and the dysfunction will be fixed very soon.
The exchange rate in Erbil according to local stock markets on January 30th is:
$100 = 128,000 IQD
€100 = 138,000 IQD
£100 = 160,000 IQD
Read More: http://www.dinarupdates.com/showthread.php?46046-BasNews-Clarification-on-Exchange-Rate-Section-1-30
Loopster ~ I wake up every morning with a smile, because of where we are at with regards to this investment. Do not let yourself get bogged down so easily in the day to day minutia. I encourage you to keep a list of what the major players have said and are continuing to say.
Has Alak retracted his statements regards the lower denoms coming out in early 2017?… NO.
What did the Director of the Middle East Office of the World Bank say last month? …”one of the richest countries in the world on the face of the earth.” and “Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts.”.
What did Dennis Flannery of Citibank in Iraq say one of his missions is? It…”is to reconnect the country to global financial markets from which it has been estranged” ….
Who asked Frank Baker – Great Britain’s Ambassador to arrange an introduction with the Gov of CBI? British Banking Interests!!
What did the IMF just say about Iraq’s progress? “The Iraqi authorities have made good progress on implementing economic reforms under the SBA.”
These are only a few of the news items that all point to some type of major financial event on the horizon. I, for one, am very excited and encouraged by the news coming out of Iraq.
BGG (Dinar Guru) – Article quote: “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.” […does anyone know how long Mosul will be free?] They are working on it now. … IMHO Abadi has been pushing for Mosul to happen sooner. He knows what is at stake.
Read More: http://www.dinarupdates.com/observer/
A source reveals for “tomorrow Press” about the size of the cash reserve at the Central Bank
BAGHDAD / tomorrow Press: A government source revealed on Sunday, for the low monetary reserves of the Central Bank of Iraq to $ 45 billion, as a result of the deterioration of oil prices and the continuation of the “waste” of public money.
The source for “tomorrow’s Press,” that “the government has stopped for the time being its reliance on central bank reserves, and began to take advantage of the state’s resources and borrowing,” noting that “the high price of world oil market also contributed to stop relying on the financial reserve.”
He added that “the central bank’s reserves in 2014 was 87 billion dollars, and as a result of cost to the country because of the war on Daesh and lower oil prices, Iraq relied on this reserve for running the country and the payment of staff salaries and the needs of the market,” pointing out that “waste of money year contributed to the decline in current reserves to 45 billion dollars. ”
He pointed out that “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.”
This was brought into Newstime last night by Mr. White…. GREAT FIND! – LOOP
wmawhite (Dinar Guru) – Article quote: “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.” It is coming from the CBI. You have heard before about Iraq saying that their currency would be great and powerful. …the CBI is again telling the world that the Iraq Dinar is going to be great, strong and return to its glory days. The CBI owns the IQD…it determines its value.
Read More: http://www.dinarupdates.com/observer/
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www.DinarUpdates.com – save as favorite
Urgent and defense and interior ministers sworn in!!
Baghdad {: News} Euphrates valley and the new defense secretary Burhan Hayali, Interior Minister Qassim al-Araji, was sworn in after parliament gave confidence to them.
The House voted today to give confidence to Aargi and Hayali with the voice not to consent to grant the office of the Ministry of Commerce to the candidate Inam al-Obeidi, and the granting of candidate Yusuf al-Asadi as Minister of Industry .anthy
Alforatnews.com
tman23 (Dinar Guru) – Lets just say this…WE the USA just put a ban on ME travel Visa’s… The POTUS just spoke with 5 world leaders today…AND he had the PM from England Friday… AND WE ARE AT THE END OF JANUARY… SO THINGS ARE MOVING FAST…AND THE GOP NEEDS BIG MONEY TO EXECUTE SOME MAJOR PLANS…SO I WOULD REMAIN GROUNDED BUT A VERY POSITIVE OUTLOOK HEADING OUT OF THIS WEEKEND.
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…)
THE DESPERATE BATTLE TO DESTROY ISIS
…By the time ISIS showed up in Mosul, the city was being protected by a zealously sectarian Shiite force overseen by Nouri al-Maliki, Iraq’s zealously sectarian Shiite Prime Minister. Although the swat team included Shia, Turkmen, Kurdish, Christian, and Yazidi members, it reflected the demographics of Mosul and was therefore, like isis, predominantly Sunni Arab. (Mezher and Rayyan are both observant Sunnis.) “The relationship between the Army and the Nineveh Police was terrible,” Captain Basam told me. “We were from Mosul. They were all from Baghdad and the south. They didn’t allow us to go to any of the areas they controlled.” Many former residents of Mosul told me that one reason Shiite forces abandoned the city so readily in 2014 was that they feared reprisal from emboldened Sunni civilians for their abuses as much as they feared ISIS…
…After ISIS overtook Mosul, the U.S. began sending more trainers, weapons, and matériel to the Iraqi government—more than a billion dollars’ worth, and counting—in order to rebuild its military. Maliki’s successor, Haider al-Abadi, is a Shiite who belongs to Maliki’s political party, but he has reinstated many professional commanders whom Maliki had replaced with Shiite hard-liners, and has tolerated recruitment efforts that aim at diversifying the Army.
In 2015, the reinvigorated Iraqi military liberated Ramadi and Falluja. Credit for these victories, however, went less to Iraq’s Army than to a special-operations force popularly known as the Golden Division, whose chain of command is independent of the Ministry of Defense. Trained by Green Berets and armed with American weapons, the Golden Division has spearheaded every major engagement with ISIS in Iraq outside of Kurdistan. It was widely expected to take the lead in the Mosul assault as well. While the swat team was in Tal al-Shaeer, thousands of Golden Division soldiers were massed north and east of Mosul…
Read More: http://www.newyorker.com/magazine/2017/02/06/the-desperate-battle-to-destroy-isis
BGG ~ This is a VERY LONG read, but well worth it. If you have any interest in the Middle East – this is good reporting… The article has been touted as the best reporting since 9/11.
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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 |