Head of the IMF mission’s (term) interest peg to the dollar rather than a large reduction of the Iraqi economy
Baghdad / Zahraa Al-Jassem Being talked at length between the economic circles, whether legislative or specialized for what the International Monetary Fund for Iraq loans and its usefulness out of the current financial crisis in the aftermath of the decline in global oil prices, Sometimes some people talk about being open field ahead of us to get the facilities and loans and support for international financial organizations and countries major, in accordance with the international financial umbrella obtained by Iraq , up nearly 20 billion dollars, with what he sees others that borrow from the fund is very important for Iraq but also strengthens its position externally in terms of financial transactions, and sometimes others were skeptical of this argument, pointing out that, loans would not But the burden of borrowed state financial obligations and Tkplha debts for many years, with the facts that can not be overlooked after the repercussions of the occupation of Daesh for a number of Iraqi cities , and his successor from the huge numbers of displaced people and the destruction of the infrastructure of those areas, requiring reconstruction after liberation, not to mention the costs of these the war that no one can yet appreciated.
Meetings and dialogues in- depth continued over the past two years and the current, to complete Iraq for the IMF loan of $ 5.3 billion, an annual interest rate low of one and a half percent, accompanied by requests, policies and procedures recommended by the Fund, concerning its credit readiness with Iraq, including additional cuts expenditures and the fight against corruption, and activating the economic sectors and financial reform, which according to officials, in the interests of the Iraqi economy, to remain the most important opinion of the international Monetary Fund in this regard, as head of the IMF mission in Iraq , Christian coconut answer, some questions x The interview (range), via e – mail.
* What is the future readiness credit program with the International Monetary Fund, if exposed oil prices to a significant improvement eliminates the deficit?
– Under the current outlook for oil prices, we believe that it should follow the approach of the financial correction that combines ambition and viability, in order to bridge the gap with the end of this decade (2020). If oil prices rose largely no longer with the need for international financial support from the IMF and other donors fund, leaving the decision of the Iraqi government regarding the continued implementation of the standby credit agreement with the Fund.
* Do you put the fund into account, in his program how Iraq will be able to pay its debts accumulated and borrowing for reconstruction if oil prices continue at current rates?
– Yes, if the Iraqi government implemented a fiscal adjustment program provided for by the standby credit agreement, it would be able to repay its debts.
* What are the means available to Iraq to establish an economic partnership with the world to run the economy and raise growth and development in which rates and reduce the actual levels of unemployment to decimal one not 40% instead of 24%?
– The Iraqi government should implement the following growth strategy: first, to maintain macroeconomic stability by freezing public spending in nominal terms for a period of two years, plugged up the fiscal deficit gradually and maintain the linking of the Iraqi dinar in US dollars. Second, create fiscal space by increasing non – oil revenues and the reduction of current expenditures, that this space is used to promote human capital and re – physical capital in Iraq. Third, improve the business climate, which leads, while reducing the role of the state in the economy in the context of the current fiscal adjustment, to increase incentives for private sector development, especially with the start of reconstruction work. Finally, reform and restructuring in the financial sector will, to strengthen its capacity to support the private sector in the medium term during the reconstruction.
* Everyone thinks that the economy is in a contraction or a severe recession and the price of nominal dinar exchange rate is not realistic and exceeds the value, compared to the current account deficit of the balance of payments., But it is time to reduce the value of the dinar and the exchange rate against the dollar and bear little thing of inflation in order to rationalize the overall total spending of the state ? What is your guidance in this regard?
– The central bank still maintains a comfortable level of foreign exchange reserves, we believe that it is appropriate to maintain the linking of the Iraqi dinar in US dollars. It will not achieve the devaluation of great benefit to the economy and would cause a sharp increase in inflation.
* Iraq ‘s recent decline in cash reserves at the Central Bank to the extent of 49 billion, how do you view this decline, do you have any recommendations to the Iraqi side about it?
– The central bank still retains a comfortable level of total foreign exchange reserves. As is the case in all oil – exporting countries, can not avoid the decline in these reserves when oil prices fall. We recommend the implementation of the agreed financial control under the standby credit agreement to keep this fall within the limits compatible with the linking of the Iraqi dinar in US dollars.
* What is your guidance for Iraq on reconstruction in the liberated areas of the process, and what is your opinion by asking US President Donald Trump, contributing to the reconstruction of those areas in exchange for Iraqi oil?
– We recommend first, to assess reconstruction needs with the help of the World Bank and then raise the necessary resources to implement them, including Iraq ‘s oil resources and international financial support. Iraq can assume its debts to conduct the agreed fiscal adjustment
* All afraid in Iraq , the size of the indebtedness of the Iraqi government , both internal and external, how do you view this issue, and what are your recommendations?
– it can carry Iraq ‘s debts if the authorities carried out the agreed financial correction with the IMF under the standby credit agreement.
The International Monetary Fund, a specialized agency of the Bretton Woods system of the United Nations, was established by an international treaty in 1945 to work on strengthening the integrity of the global economy, and is based in Washington DC, and run by its members who include all countries of the world about their number of 188 countries.
The International Monetary Fund, the central institution of the international monetary system, any system of international payments and currency exchange rates which allows commercial transactions between different countries, and aims to prevent crises in the international system by encouraging different countries to adopt sound economic policies, as members can make use of its resources, to address what they are exposed to balance of payments problems, including the legal objectives of the Fund to facilitate the expansion and balanced growth of international trade, and to stabilize exchange rates and avoid competitive devaluation of currency values, and a correction regulator Achtla S balance of payments experienced by different countries.
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Parliament votes on the exemption of the President of the Information Authority and the conviction of answers Minister of Health [expanded]
The House of Representatives voted in its 24th ordinary session held under the chairmanship of Salim al-Jubouri, Speaker of the Council, and with the presence of 220 deputies on Tuesday to exempt the head of the media and communications authority and the conviction of the Minister of Health during the interrogation process.
According to a statement of the Information Department of the House of Representatives received the agency of all Iraq [where] a copy of it today, condemned Jubouri at the beginning of the session on behalf of the House of Representatives, the terrible crimes that targeted churches in Egypt and killed a number of Egyptian citizens and all crimes and these crimes targeting the social fabric.
The President of the Council for holding a meeting of heads of parliamentary blocs and committees on Wednesday in the Constitutional Hall to discuss the draft laws of the Electoral Commission and the Federal Court and the civil service and other legislation to resolve the most delayed during the current legislative term.
After that, MP Khalaf Abdul Samad read out a statement in the name of the National Alliance congratulating the birth of Imam Ali bin Abi Talib, praising his virtuous biography and his noble approach, recalling the anniversary of the martyrdom of Mr. Mohammed Baqir al-Sadr and his sister Bint al-Huda at the hands of the former regime. Who was executed by Mr. Mohammed Baqir al-Sadr contributed to depriving the country of this scientific and religious figure and his crimes in the mass graves and Anfal operations are still in sight.
The Council voted with the approval of 122 deputies out of 205 deputies convinced of the answers of the Minister of Health submitted during the interrogation process.
Concerning the vote on the exemption of the chairman of the media and communications authority, al-Jubouri said that the request for exemption submitted by a number of deputies based on the constitution concerns the right of the House of Representatives to question ministers and exempt them by an absolute majority of one half plus one. He pointed out that the Council’s right to exempt officials of independent bodies is an absolute right To be preceded by questioning as in the case of ministers, indicating that the presidency of the Council did not receive any request desired by the head of the media and communications to appear before the Council to state its position, which means continuation of the exemption procedures.
The council voted by an absolute majority of 160 deputies out of 216 deputies to exempt Safa al-Din Rabee, head of media and communications, from his post at the request of deputies from 50 deputies for not attending interrogation sessions.
MP Fian Dakhil followed a statement on the initiative of parliamentarians for community peace in Nineveh, in which she stressed that the terrorist gangs committed atrocities against all components of Ninewa province, stressing the importance of unifying the community through reconciliation and compensation of the victims.
The Parliamentarians for Peace initiative recommended that the Nineveh governorate be considered a disaster-stricken region and that the prime minister form a social committee from all the components of Nineveh, comprising 13 members. The members of Ninawa Governorate and civil society organizations should attend as observers. .
The initiative pointed to the need to investigate the facts on the important issues and reconciliation between the components of Nineveh and address the social problems and monitor the work of the security forces and prisons and the referral of the leaders of Daash and anyone who belonged to Daash, and participated in the crime resulted in killing and sabotage and contributed to the capture of Yazidi women and the demolition and burning of mosques and churches and relics to the judiciary in addition to the importance The Prime Minister shall issue a decision to support the Social Committee in support of community peace and the Committee shall work on the enactment of a law for social peace.
The Council then voted on the recommendations of the Parliamentary Initiative for Community Peace in Nineveh.
The Council completed the first reading of the proposed amendment to the Third Law of the High Commission for Human Rights No. 53 for the year 2008 submitted by the Human Rights and Legal Committees which came to the public interest. The High Commission for Human Rights is an independent body which is formed according to the Paris Principles. The United Nations Human Rights Commission in Iraq with the Committee of Experts is limited to providing technical support and advice.
The Council completed the first reading of the proposed law amending the first law of the Martyrs Foundation No. 2 of 2016, submitted by the committees of martyrs and political, financial and legal prisoners, which aims to address the gaps in this law and to address the confusion in the administrative structure of the institution and the mechanism of appeal against decisions issued by the Special Committee.
The Council completed the reading of the report and discussion of the proposed law of the second amendment to the law of the Independent High Electoral Commission No. [11] for the year 2007 submitted by the Legal Committee.
In the interventions of MPs MP Mohammed Hori said that the placement of judges to run the Electoral Commission and return them to the judiciary again violates the Constitution as an interference with the authorities.
MP Ibtisam al-Hilali pointed to the importance of judicial supervision over the Electoral Commission.
MP Ammar Tohme proposed assigning judges to the Electoral Commission in accordance with a clear adaptation or requirement that the candidate be a judge and that his status should be changed if he is appointed Commissioner of the Electoral Commission.
MP Joseph Saliwa expressed his support for the use of judges in the Electoral Commission to manage and supervise the electoral process.
Representative Shorouq Abayji pointed to the importance of reforming the Electoral Commission in order to protect voters’ voices.
MP Najeeb Najib stressed the need to adopt a practical mechanism that can be applied to reform the Electoral Commission, proposing to define one session for each candidate or to put a watchdog to monitor the work of the Commission.
Sheikh Hammam Hamoudi, a member of the Presidency of the House of Representatives, pointed out that the first elections held in Iraq after 2003 were conducted by an independent commission, but the United Nations then proposed the formation of an electoral commission comprising representatives of the competing parties to monitor the performance of each other and despite our objection to that, The UN proposal was adopted, calling for a review of the Electoral Commission to be fair, courageous and far from any partisan influence.
In response to the interventions, the committee clarified that the proposed law is of great importance in the electoral process and strengthening the independence of the Commission. He pointed out that the problem of the Electoral Commission is focused on its administration, not only its supervision over the electoral process, pointing out that the committee is ready to receive suggestions and ideas.
For his part, the President of the House of Representatives on the proposal of the proposed law of the second amendment to the law of the Independent Electoral Commission No. [11] for the year 2007 in a future session for the purpose of voting in principle.
The Council completed reading the report and discussion of the draft law of the first amendment to the Revolution Command Council [dissolved] No. [223] for the year 1980 and submitted by the financial and legal committees.
In the interventions of MPs, MP Riyad Gharib pointed out the need to vote on the bill.
MP Mohammad Naji inquired about the possibility of issuing a currency less than 250 dinars for the purpose of benefiting from it.
In its response to the interventions, the committee stressed that the draft law aims to cancel the decision and amend its content related to arrest and disbursement in banks and not to issue currency.
The Commission on Human Rights followed a report on its quarterly activity in which it pointed to its role in monitoring Iraqi human rights and monitoring the irregularities and follow-up of prisoners and detainees.
The report said that the committee followed up the humanitarian situation of displaced people and provided basic relief supplies to them. He pointed to the committee’s readiness to speed up the legislation of the important laws in its possession, pointing to holding a series of meetings with the official bodies on the crimes of organizing the call of terrorists against civilians in various governorates, Civil society organizations for human rights as well as participation in a number of international conferences and seminars and to establish close relations with international organizations.
It was then decided to adjourn the meeting until next Thursday.
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The three presidencies meet a delegation of US lawmakers
Baghdad / Range Prime Minister Haider al-Abadi on Monday discussed with a delegation of the US Congress the latest developments in the battle of Mosul and the victories achieved and the return of the displaced to the liberated areas.
Al-Abbadi’s office said in a statement that the latter received in his office a delegation from the US Congress headed by Rep. Rodney Frilinghassen, chairman of the Congressional Appropriations Committee. The meeting discussed the latest developments in the Mosul battle, the victories, As well as cooperation between the two countries in the fields of economy, trade, agriculture, investment and water. ”
The US delegation stressed “the continued support of the United States of America for Iraq and the unity of its territory,” noting that “Iraq is about to achieve a great prosperity despite the challenges it faces.” In another context, President Fuad Masum stressed Iraq’s keenness on its relationship with the United States, during a meeting with the same delegation.
The office of the President of the Republic, in a statement received by the (range), he “received at the Peace Palace in Baghdad on Monday a delegation from the donors committee in the US Congress.”
Masoum stressed “the importance of meeting and communication with friends in the United States, in a way that strengthens relations of friendship and cooperation between the two countries and serves the common interests in the light of the signed agreement.” “The war against terrorism is an important aspect and a cornerstone that contributes to the development and consolidation of relations between the United States and Iraq, whose sons continue to fight and eradicate and support the United States,” he said. “What is important now as we approach the liberation of the entire Iraqi soil from the desecration of terrorism is to work hard to remove all the educational, social, cultural and religious effects of Daash, which requires the synergy of the efforts of the world, especially the countries of the region with the Effort of Iraq “.
For his part, the American delegation expressed “its condolences and condolences to Iraq and the families of the martyrs of the war against a supporter of the heroic fighters and children and women who have taken the terrorists as human shields.” The US delegation stressed “the United States’ keenness to continue supporting the armed forces with various material, weapons and training capabilities, as well as readiness to support the efforts of the Iraqis to get rid of the effects of urging and achieving community reconciliation.”
In the same context, the Speaker of the House of Representatives Salim al-Jubouri that supporting the displaced and returning them to their liberated areas and reconstruction of these areas are the most important steps that pave the way for the stability of the post-gangs and terror.
A statement from the Jubouri office said that he met with the delegation of the US Congress headed by MP Rodney Frajlenkhaisen, in the presence of Ambassador Douglas Silliman.
“Supporting the displaced people and returning them to their areas and providing them with a stable environment are the most important steps that will pave the way for post-conflict stability and contribute to the realization of the community reconciliation project in a manner that achieves social peace and strengthens national cohesion,” he said.
Jubouri pointed out that “Iraq’s efforts to open new horizons of relations with its Arab and regional environment are important and necessary and will contribute to the activation of the economic aspect and the preservation of regional security of Iraq’s pivotal role can play an important role in the fight against terrorist organizations.”
Jubouri stressed that “the next phase requires the provision of all the requirements of international support and create an atmosphere of political stability and community, which reflects positively on the lives of citizens in the country.”
Read More: http://www.dinarupdates.com/showthread.php?48115-The-three-presidencies-meet-a-delegation-of-US-lawmakers
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Hims to {Morning}: TBI achieves the objectives of the reformist government
Baghdad / Farah Al-Khafaf In line with the directions of reforming the Iraqi economy through the development and strengthening of the productive sectors and the financial sector and banks, the Director General of the Iraqi Bank for Trade Faisal Al-Hims to continue to achieve the objectives of the government through the introduction of new tools and products to achieve financial liquidity to rotate the economy.
The Iraqi Trade Bank (TBI), the producer of “Tstahl” for the first time in Iraq, to encourage citizens to deposit and savings in the correct ways followed by the world, to keep money from theft and loss in homes, as well as the entry of this money the economic cycle in the country, Achieving sustainable development in the medium and long term.
Products and support tools
“The Iraqi Trade Bank is working to strengthen competition in the banking sector and to introduce new tools and support products to this sector that will strengthen its strength in the country and give a positive image to the international community,” he said in a statement.
The Director-General of this product promised a new idea stimulated the citizen to deposit his money in the bank and the possibility of withdrawing at any time desired, especially as the objectives of the Bank is the credibility, transparency and mutual trust, indicating that this product is the beginning of the way to open new horizons with citizens to seek to be The Iraqi Bank of Trade (TBI) has the first to introduce such products, which do not contradict the requirements and instructions of the Central Bank.
Expand the trust network
Al-Homs advised his bank to offer products and instruments similar to the TISLAH (Tasahl) product, which is aimed at owners who own a commercial and non-residential property.
He pointed out that these products and services are aimed at the local beneficiary and help to expand the network of trust between the public and the bank.
He pointed to the competition of other banks in the same direction and trying to provide products and services similar to the services of (TBI), returned a positive and healthy, will be reflected on the banking sector and the Iraqi economy in general, especially as Iraq is a large country with wealth and density of large population, And the banking sector, through the development of services and providing the best to the customer.
The idea of the product (Tstahl) that the citizen to deposit 500 thousand dinars to enter in three withdrawals carried out by the bank in a transparent and supervised by the Central Bank, the value of the monthly award of 10 million dinars for certificates passed by 15 days, and 40 million dinars for certificates passed by the issuance 90 days, to enter into a semi-annual draw, or the annual withdrawal of the large value of 100 million dinars for certificates passed 180 days.
Objectives of economic reforms
The Director General said that the Bank conducted a questionnaire to the extent of accepting a worthy idea before it was put on the market, and recorded positive results. However, the public turnout exceeded the results of the questionnaire and expectations, in response to the desire of the citizen to experience new banking products after the bank has strengthened public confidence in it, They want to hoard money in the houses and deposit them in the bank, and this is consistent with the objectives of the government within the framework of economic reforms.
The Iraqi Trade Bank has achieved the amount of 3 billion and a half billion dinars of the participation of about 7,000 holders of the certificate of deposit (Tstahl), according to Hymes, pointing out that the purpose of the new products to provide liquidity and investment to enter the economic cycle, thus moving the wheel of economy in the country, Filing does not bear the payment of added interest.
As for the product (opportunity), the general manager concluded that it is a loan for commercial real estate owners exclusively, the method of granting and repayment depends on the value of the income from the commercial property is similar to commercial financing, which depends on the profitability of the company, which is the source of payment, Depends on future cash flows instead of collateral, indicating that this product is awaiting the approval of the Central Bank, which is considered the main support for banks in the country.
Read more: http://www.dinarupdates.com/showthread.php?48076-Hims-to-Sabah-TBI-achieves-the-objectives-of-the-reformist-government
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Be sure you put your feet in the right place, then stand firm – Abraham Lincoln
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BGG (Dinar Guru) – – The BIGGEST article of the day… “Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars” (the title is a little weak for the content of the article)…the title should have read RV- RV- RV!! Quote: “Most of the Iraqi Central Bank steps are subject to political and legal environment of the country, especially in regard to the deletion of zeros…” …this is what you are after – EXACTLY. PERIOD. it’s isn’t a removing of the 000 from the notes…it isn’t a changing of the DECIMAL POINT…it isn’t a change in the nominal value…IT’S A CHANGING OF THE REAL VALUE and A BRINGING IN OF THE BIG NOTES… “…deleting the big 000 notes from the market place” = RV. [post 1 of 2….stay tuned]
Read More: http://www.dinarupdates.com/observer/
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BGG (Dinar Guru) – …they have no intent on bringing out any bigger note classes – THEY DON’T NEED IT… value is going the other way…nowhere in there does it mention Article 140 – HCL – or anything else… nor does it bother to mention any laws needing passed… just a few changes. (aka – AMENDMENTS) [Also key phrase is “where it should be FOLLOWED by” Meaning the laws should be changed AFTER.] BINGO! money first – laws AFTER! why? They need to get this done now! This is about as much heads up as they are willing to give anyone…if they change the laws ahead of time – EVERYONE WILL KNOW. BIGGEST PIECE YET…here it comes… “On the other hand, the technical preparations are underway by us.” Meaning – on the other side of everything he’s said so far… they are and have been already making technical preparations (by the CBI). Pretty plain – if you ask me…pretty huge news... [post 2 of 2]
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Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars
Most of the Iraqi Central Bank steps are subject to political and legal environment of the country , especially in regard to the deletion of zeros that counted specialists in the earlier trend sensitive and dangerous may still be , but the central remains the most important institution in terms of the need to adjust the financial management in light of the financial crisis experienced by the the Iraqi economy, which must have to deal with dilemmas , whether with regard to the citizen or the work of the central bank itself.
Questions concerning important files posed (range) in this meeting , the director of the release and the Treasury in the Central Bank Aa’bas behind, and with being answered by briefly he pointed out the most important points that showed that the currency is good for circulation deposited Central has exceeded one billion and a quarter of a million dinars an amount that is not a little if they were compensated by the stored banknotes at the bank , as some believe, at the time between the printed currency size has exceeded the “11 billion and 600 million dinars, he urged citizens on the need not to keep large amounts in homes or buried in the ground , the fact that the process of replacing in the event expose Dt to burn or damage costs the central administrative and financial burdens, stressing that the counterfeit currency rate is still within the internationally accepted borders, with the central quest to carry out an information campaign to educate the public on how to distinguish between the original currency and Almzorh.oicol behind on a question about the possibility of having higher versions of a class (50000 ) dinars?
– No at present intention to issue a higher class category (50000) dinars.
* What about the subject of the deletion of zeros and the reason for the delay?
– the decision on the deletion of zeros cannot be taken in isolation from the political and legal environment in the country under conditions the security situation as a result of terrorist acts and exit from the provinces outside the control of the state for the years 2014, 2015, 2016 which prevents certainly to wait in the implementation of this project, in addition to that this must be done in coordination with all state departments and the private sector, where it should be followed by changing the paragraphs contained in the various laws, which include a reference to fines or lump – sum collection of fees, must also change the financial and statistical records in order to conform with the project process the deletion of zeros. On the other hand, the technical preparations are underway by us.
* How is the cost of the annual replacement and replacement of damaged currency?
– First , there is no substitution instead of a damaged annually, as the bank instead seeks to issue new papers for security specifications developed, so the cost is reduced in this way it is the cost of issuing new banknotes specifications better used at the same time damaged to the replacement of currency from the previous editions .
We seek to carry out an information campaign to distinguish between original and counterfeit currency
* How discovered the counterfeit currency of the size?
– The Central Bank of Iraq resorted to the use of machines to sophisticated counting and sorting which can detect counterfeit currency, in addition to banks guide using modern techniques in the currency examination, but the problem is not doing shopkeepers enough efforts to use the machines to check the currency, as the bank seeks to campaign media to sensitize the public on how to distinguish between the original currency and counterfeit currency by issuing a booklet definitions and (posters) for this purpose and will be distributed to banks in major shopping malls, and in all cases, the counterfeit currency rate is still within the internationally accepted borders , where even T ratio (0.000025) (Twenty – five million paper sheet).
* What currency damaged by fire or poor storage of citizens compensation mechanisms?
– While we hope the citizens do not keep large amounts in homes or buried in the ground, and to do instead in the deposit with the banks, as the replacement of the burnt currency process or damaged it costs the central bank financial burdens and administrative Colva unwarranted, however the bank is to receive citizens whose savings in Iraqi currency to fire accidents provided that they are documented by the civil Defense Department and be sourced from the project, either in terms of currency (buried) are sufficiency statement on the sources of these funds, and in this regard we call on citizens not to accept the mediation of any hand to Astb The Iraqi currency and that this bank does not receive any commission for its replacement.
We applied security methods with modern technology advanced counting and sorting currency
* What future plans for the central bank currency and print?
– Iraqi Central Bank seeks to keep pace with the evolution of printing currency and modern technologies both in currency printing or counting devices and sorting the currency where they are constantly adding new security features in addition to the acquisition of advanced machines counting and sorting currency, was dispensed with final counting and manual screening process.
* How much is the size of the torn currency and how much of the size of the printed currency?
– The number of banknotes unfit for circulation deposited with this bank (1,277,049,543) cash paper of various categories, where they are compensated from the stored banknotes have this bank, as the number of printed banknotes (11,615,265,154) cash paper of various categories.
Iraqi Dinar/Dollar auction 04-11-17 (most recent listing)
Currency Auctions Announcement No. 3420
This daily currency auction was held in the Central Bank of Iraq on the 04-11-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 34 |
| Number of remittance companies | 11 |
| Auction price selling dinar / US$ | —– |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 160,323,302 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 160,323,952 |
| Total offers for selling (US$) | —– |
More: http://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:
IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1252.435 | 1251.809 |
| British pound | GBP | 1468.870 | 1468.136 |
| Canadian dollar | CAD | 886.958 | 886.514 |
| Swiss franc | CHF | 1172.509 | 1171.923 |
| Swedish krona | SEK | 130.444 | 130.379 |
| Norwegian krone | NOK | 136.964 | 136.896 |
| Danish krone | DKK | 168.421 | 168.337 |
| Japanese yen | JPY | 10.626 | 10.621 |
| Special Drawing Rights |
SDR | 1601.372 | 1600.571 |