Central confirms the “strength” of the Iraqi reserve according to international indicators “reassuring”
The Central Bank of Iraq announced on Sunday the availability of international indicators confirming the Iraqi Reserve’s fortitude, stressing that the standards of foreign exchange reserves “reassuring.”
The head of financial operations and debt management at the Central Bank Mahmoud Dagher, “The reserves of foreign currency to Iraq and different standards of adequacy are high and reassuring.”
“There are international indicators,” Dagher said
The Central Bank of Iraq announced, on Sunday (February 19, 2017), that the size of Iraq’s foreign currency reserves of $ 49 billion, while noting that 70% of the money circulating in homes, he pointed to the bank managed to control inflation.
It is noteworthy that the Central Bank of Iraq was established as an independent bank under its law of 6 March 2004, as an independent body, which is responsible for maintaining price stability and implementation of monetary policy, including exchange rate policies and daily sessions for the sale and purchase of currencies.
Stresses the resilience and durability of Iraqi reserves. ”
Read more: http://www.dinarupdates.com/showthread.php?52159-Central-confirms-the-quot-strength-quot-of-the-Iraqi-reserve-according-to-international-indic
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Central Bank: Foreign currency reserves are increasing
The central bank announced on Sunday that the foreign currency reserves are in constant increase from last year.
The central bank said in a brief statement received by “Economy News”, “The foreign exchange reserves at the level of adequacy in accordance with international standards and is currently higher than in the previous year.”
It is noteworthy that the Director General of financial operations in the Central Bank, Mahmoud Dagher, warned of the existence of a serious threat to the monetary reality is the foreign assets that are the origin of the creation of assets and reserves.
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Islandg1211 (Dinar Guru) – Eight months ago, I posted that we would need to see in this order before the RV…the following:
1) Mosul Liberated, Announcement by Abadi, and a Celebration. Done.
2) Agreement with Kurds, including oil and territory settlement, then finally the HCL will be in position to be passed by the GOI. (Kurds, including Barzani and the oil minister from Baghdad meet today…) Getting Done.
3) CBI re-educating citizens on the deletion if the three zeroes (we are seeing the payments in country with e-dinars, CBI website upgraded to BIS), and finally
4) Iraq being compliant with Article VIII with the IMF and 5 – UN lifting sanctions and the RV.
The IMF is meeting with Iraq in DC this week. The UN came out a couple of days ago and told Iraq they need to be Article VIII compliant/RV. The lynchpin to the RV, now that Mosul has been declared liberated by Abadi, the Kurds and Baghdad finalizing the HCL agreement. Barzani wants independence, and this agreement is going to have to allow for that contingency in order to get him to sign off on it. [post 1 of 2….stay tuned]
Read more: http://www.dinarupdates.com/observer
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Delta (Dinar Guru) – …the CBI has to move forward. The media … just like we predicted … as soon as they get Mosul … speed of light. Right away the media has been jumping the gun on talking about the economy, etc. ..the CBI…we’ve known since January they been wanting to pull the trigger. The next 24-48 hours is going to be very interesting.
Read more: http://www.dinarupdates.com/observer
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Frank26 (Dinar Guru) – We found something – a press release from the West – congratulations from President Trump to Abadi – all he says is congratulations about Mosul. Then we have the same article from an Arabic site which shows additional information – they also talked about congratulations on the reforms. Donald Trump called Abadi…IMO…they were talking about the monetary reform. …They’ve got security and stability man!
Read more: http://www.dinarupdates.com/observer
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The participation of His Excellency the Governor of the Bank at a meeting of the Institute for Development Policy Progress
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail Keywords participated in the meeting organized by the progress of the Development Policy Institute on Saturday, July 15, 2017 with a number of general managers gentlemen in the bank and a group of specialists in the financial and economic affairs.
He addressed the sovereignty of different matters related to the affairs of the banking and also the financial situation of the country, indicating in the midst of modern through the problems facing the balance of payments session especially the deficit in the budget year 2017, which leads to the instability of the state budget because the size of the dependence on the money that comes from abroad is higher than the money come from the inside.
The governor explained that the shortfall in the balance of payments will put pressure on the central bank because the country today is unable to foreign currency entry along with the money that the intervention of oil, noting that “the balance of payments deficit means that the country is unable to attract investors, tourists and others.
Read more: http://www.dinarupdates.com/showthread.php?52170-The-participation-of-His-Excellency-the-Governor-of-the-Bank-at-a-meeting-of-the-Inst
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Abadi: Our next approach will focus on the economic and educational aspects and fight corruption
BAGHDAD (Reuters) – Prime Minister Haider al-Abadi on Wednesday accused some of the organizations of the security forces of the battles in Mosul of violating human rights, stressing that “our heroes” are the defenders of these rights and sacrifice themselves for the liberation of the human.
“Our heroes are human rights defenders and sacrifice themselves for the liberation of the human being and the saving of civilians. The government supports the efforts to defend human rights and holds accountable for any violation,” Abadi said in a speech at the cabinet meeting. “Human rights organizations must verify their sources and see rejoicing. The people of Mosul and welcome the Iraqi forces liberated, “surprising” the sadness and wailing of some in the joy of the Iraqi people this victory. ”
“Where was the role of the organizations when they were calling for the killing of the sons of Mosul and destroying everything?” He asked, stressing that “not to allow the return of inflammatory and sectarian discourse and described it as a speech, calling on the countries of the world not to tolerate terrorists.”
“The future direction of the government must be focused on the economic, developmental and educational aspects that are the basis for the renaissance of the state and society and the need to fight corruption that has harmed the state and the society,” he said. , And the activation of the law.
“All the efforts in support of the battle and whoever put the word in its right place and contribute to the achievement of victory.”
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Abadi: The future direction of the government should be focused on the economic side
Prime Minister Haidar al-Abadi said on Wednesday that the future direction of the government should focus on economic, developmental and educational aspects, which are the basis for the renaissance of the state and society.
Abadi said in his speech during the cabinet meeting that the future direction of the government should focus on the economic, developmental and educational aspects which are the basis for the renaissance of the state and society. He stressed the need to combat corruption that harmed the state and society and activate the law.
Read more: http://www.dinarupdates.com/showthread.php?51889-Abadi-The-future-direction-of-the-government-should-be-focused-on-the-economic-side
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Central bank sales rise in foreign currency auction
Baghdad – Journal News The sale of foreign currency by the Central Bank of Iraq (CBI) on Wednesday sold more than $ 178 million, after selling $ 176 million yesterday.
“The volume of the amount sold today amounted to 178 million, 537 thousand and 334 dollars, at an exchange rate of 1182 dinars per dollar, with the participation of 39 banks and 10 companies for financial transfer.”
The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”
Read more: http://www.dinarupdates.com/showthread.php?51893-Central-bank-sales-rise-in-foreign-currency-auction
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Abadi from Mosul: Victory by hand and settled and fight in the final meters
BAGHDAD – The Journal News Iraqi Prime Minister General Commander of the Armed Forces Haider al – Abadi, said that “victory by hand and settled and our troops are fighting in the last meters,” in response it seems to delay a formal declaration of victory over the “Daesh” in the old city of Mosul.
The al-Abadi, who is alive in Mosul since yesterday, the security forces that provided life services to Iraqis who were trapped, and to facilitate the return of displaced persons to their homes and businesses, as well as the province’s efforts in this regard.
He called on Iraqi Prime Minister all staff in the Nineveh province to join the work and provide services to residents of the city, in parallel with fighting the remnants of the “Daesh”.
Iraqi forces have been fighting in recent Acbar when the Tigris River, according to al-Abadi, who said: “We will announce soon victory over Aldoaash.”
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After Mosul’s full liberation Iraq’s Abadi visits Nineveh Ops Command
Iraqi PM Haider Abadi has visited headquarters of Nineveh Operations Command and met with military commanders.
This comes after the city of Mosul had been declared fully liberated from ISIS terrorists on Sunday.
Abadi was due to give a victory speech on Sunday. But the speech was delayed for unknown reasons.
The city fell to ISIS in June 2014 amid collusion from former PM Nuri al-Maliki.
Iraqi army, supported by US-led international coalition, has launched an offensive code-named ‘We Are Coming, Nineveh’ to oust ISIS terrorists from the city.
Iran-allied sectarian militias, known as IMIS, gave support to Iraqi forces.
But the Iran-backed militias have committed atrocities against civilians, particularly the Sunnis.
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#Mosul Is Completely Liberated
Tweet from Iraqi Day
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OkieDinar – I just spoke with Iraqi Day because he deleted this post. I asked him why – he stated that he does not like to post unless he knows 100%. I asked in his opinion was Mosul liberated. His response – Yeah Mosul is over completely liberated only 12 to 18 houses have hostage situation about 35 isis fighters left.
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Phillyman (Dinar Guru) – [Once they finally clear ISIS wonder what the next obstacle is gonna be before we see a change in the rate…] …Even though they clear IS out of Mosul they are still in many other areas of Iraq. Will it stop the changes we are looking for from moving forward? Violence has permeated the region for centuries. [Guru] Breitling says the Sunnis will always hate the Shia but that it will not impact this reform. There seem to be too many countries/businesses pouring assets into Iraq to think it won’t turn around soon but of course time lines have brought so much frustration to this investment.
Read more: http://www.dinarupdates.com/observer/
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Adam Montana (Dinar Guru) – [Could Iraq state that only currency handed in to Iraq with-in its borders be given the preferential rate to start with? Please don’t think this is somehow an in country RV question I am asking as we know that rumor is totally bunk. Just thinking they may want to control the influx of currency to begin with is what I am getting at in a nutshell I guess.] I think that what you are describing is still an in-country RV, with a twist that the in-country part is temporary. If that’s what you are asking, then yes – it is possible. I don’t think it’s likely, but it is possible.
Read more: http://www.dinarupdates.com/observer
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BGG (Dinar Guru) – …I half way didn’t expect them to do this..but folks this is real. They are going to turn over the last bit of whatever is remaining in those funds…the food for oil program to Iraq and they are recognizing them as a country. They are not talking about letting them out of Chapter VII and it’s not even under chapter VII. This is Chapter VII charter. It’s a protection program. Looks like to me they had the meeting in 3 minutes and they put their rubber stamp on it and it’s over. It’s not the end of the security file…it’s the end of that particular program. There’s one more log on the fire. [post 2 of 2]
Read more: http://www.dinarupdates.com/observer/
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“Flash Cast LIVE” – Tuesday (the 21st) w/BGG
Click here for Video Replay
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Kaperoni (Dinar Guru) – “CBI website has a new look!” This is a good sign. I know it’s easy to just assume they are remodeling there website..but I think its much more. With all the speculation that the banking system must open up to perpetuate international activities to support global investment, this new website to me is much more polished, professional and institutional. We could be getting closer.
Read more: http://www.dinarupdates.com/observer/
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Chattels (Dinar Guru) – “CBI website has a new look!” “H.E Mr. Ali Muhsin Ismail / Acting Governor and Head of the Executive Board” I believe that the reference to Ismail as the “acting governor” is a change.
Read more: http://www.dinarupdates.com/observer/
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MilitiaMan (Dinar Guru) – The UNSC Doc published just under three weeks ago this Friday told us all, that there was going to be an action within June 2016 [2017 ?]. That action has a time line by and or before the end of the month. That action is a reaction to things accomplished or that action wouldn’t have even been mentioned. The UNSC escrow account is being funded or well closed out if you will. End game, symbolically. That has meaning that is profound! The Oil for Food program is to be done and gone for ever… I may be wrong, but, that imo is Chapter 7 done in regards to MR and acceptance of Article 8 is in effect or will be, once in synchronization. [post 1 of 3….stay tuned]
Read more: http://www.dinarupdates.com/observer/
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Iraqi Dinar/Dollar auction 06-21-17 (most recent listing)
Currency Auctions Announcement No. 3470
This daily currency auction was held in the Central Bank of Iraq on the 06-21-2017
| DETAILS | NOTES |
| Number of banks | 39 |
| Number of remittance companies | 10 |
| Amount sold at auction price (US$) | 159,617,756 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 159,617,756 |
| Total offers for selling (US$) | —– |
Read More: http://www.dinarupdates.com/observer/
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1325.962 | 1325.299 |
| British pound | GBP | 1515.757 | 1514.999 |
| Canadian dollar | CAD | 895.884 | 895.436 |
| Swiss franc | CHF | 1219.613 | 1219.003 |
| Swedish krona | SEK | 135.962 | 135.894 |
| Norwegian krone | NOK | 140.286 | 140.216 |
| Danish krone | DKK | 178.289 | 178.200 |
| Japanese yen | JPY | 10.663 | 10.657 |
| Special Drawing Rights |
SDR | 1636.868 | 1636.050 |