Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment
BAGHDAD / tomorrow Press: After Greece ‘s financial crisis and what is passing through Jordan today ‘s economic crises feel the Iraqi people who have multiplied and multiplied his government loans scared, Dr. appearance of Mohammed Saleh economic advisor to Prime Minister al – Abadi spoke about the Iraqi debt in detail in this dialogue, and pointed to the accumulation of past debt and current debt, benefits and how to repaid warning in 2022 , which will be the largest payment , according to his description…
Read More: http://www.dinarupdates.com/blog/
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Loop (Dinar Guru) – Article quote: “today we move from a centralized economy to a market economy” Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM! …moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
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A Dinar Round Table Call – Tonite!!
“with the whole DU Crew”
from Tues nite – Mar 14th
Click-N-Listen!!
Smart phone user link – Click here
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BGG (Dinar Guru) – These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE. “They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
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Kaperoni (Dinar Guru) – Article: “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality“ Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
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Eat Well – Lose Weight!!
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BGG (Dinar Guru) – [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF… Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance. In Iraq’s case – it is not internationally traded and therefore not accepted. …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?
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Click this link to join the DU “private” FaceBook Group…
https://www.facebook.com/groups/571383766355188/
(go here and ask to join… then add some Dinar Friends!!)
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BGG (Dinar Guru) – Articles: “Mosul .. Iraqi forces predict the ‘big wins’ within hours” “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland” “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation” So there are a few juicy headlines… I am still amazed at everything going on over there – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet. I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.
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Iraqi Dinar/Dollar auction 03-14-17 (most recent listing)
Currency Auctions Announcement No. 3401
This daily currency auction was held in the Central Bank of Iraq on the 03-14-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 37 |
| Number of remittance companies | 11 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 163,453,229 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 163,453,229 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Phillyman (Dinar Guru) – I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction. It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
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tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it’s citizens…We shall see !!
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Mosul .. Iraqi forces predict the ‘big wins’ within hours
Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…
Read More: http://www.dinarupdates.com/blog/
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tman23 (Dinar Guru) – Article quote: “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.” SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
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Enorrste (Dinar Guru) – It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that “reasonable period” isn’t that long!
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tman23 (Dinar Guru) – Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON… Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then… The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens…We shall see !!
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Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & the DU FB Crew – Mar 16th 6:30pm CST – In the DU CHAT Room!!
www.DinarUpdates.com – save as favorite
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BGG (Dinar Guru) – Anyone recall how many days it’s been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course…just really weird.
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tman23 (Dinar Guru) – HOLD ON TO YOUR SEAT… “WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.” “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room.” AND THEN… “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19...” KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
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Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” …one of the reasons the dinar will rise gradually is that the CBI can profit as it rises. The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1255.750 | 1255.123 |
| British pound | GBP | 1437.731 | 1437.012 |
| Canadian dollar | CAD | 879.382 | 878.942 |
| Swiss franc | CHF | 1169.267 | 1168.683 |
| Swedish krona | SEK | 131.120 | 131.054 |
| Norwegian krone | NOK | 137.384 | 137.315 |
| Danish krone | DKK | 168.940 | 168.856 |
| Japanese yen | JPY | 10.278 | 10.273 |
| Special Drawing Rights |
SDR | 1595.428 | 1594.630 |
Indicative rates – 03.13.2017
http://www.cbi.iq/
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MadDScout (Dinar Guru) – [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
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Kaperoni (Dinar Guru) – Article: “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country” There is no private sector without opening the banking system to the world. Simple as that.
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BGG (Dinar Guru) – [how is investment?] The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT… their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started. So – we’re good…and appears to be happening as we speak...
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Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country
Economy News / Baghdad … Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)
The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*
And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…
Read More: http://www.dinarupdates.com/blog/
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Enorrste (Dinar Guru) – The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
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Enorrste (Dinar Guru) – The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. …this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3….stay tuned]
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Enorrste (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” There are four phrases in this article that got me excited…The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3….stay tuned]
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Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists
Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…
Read More: http://www.dinarupdates.com/blog/
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Adam Montana (Dinar Guru) – [adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
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Adam Montana (Dinar Guru) – [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10…that said, it’s impossible to pinpoint which notes they will call in first, or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2….stay tuned]
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BGG (Dinar Guru) – Article: “Warnings of severe deterioration of the dinar after the appetite for dollar” This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform. Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems…” “...CAN – SOLVE – A – LOT – OF – PROBLEMS…” BOOM!
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IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say
By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ/WASHINGTON
U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…
Read More: http://www.dinarupdates.com/blog/
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Loop (Dinar Guru) – “REACT controls on the main court of the organization and the Central Bank branch in Mosul” THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
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tlm724 (Dinar Guru) – Article: “Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment” Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
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Shredd (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Quote: “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh.” This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq. The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
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Iraqi Dinar/Dollar auction 03-08-17 (most recent listing)
Currency Auctions Announcement No. 3397
This daily currency auction was held in the Central Bank of Iraq on the 03-08-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 11 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 165,498,607 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 165,498,607 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Islandg1211 (Dinar Guru) – Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn’t going to let it be delayed. He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.)
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Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Currency reform should start well before end of year IMO.
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MadDScout (Dinar Guru) – Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” “marked decline by five thousand dinars to the category of $ 100.” …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.
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revbo (Dinar Guru) – Article: “Iraq forces advance into Mosul city” …the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
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Central bank: Iraq overcome the financial crisis and the coming days bode well
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.
Read More: http://www.dinarupdates.com/showthread.php?47123-Central-bank-Iraq-overcome-the-financial-crisis-and-the-coming-days-bode-well-3-5
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Loop (Dinar Guru) – to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
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BGG (Dinar Guru) – Article: “Central bank: Iraq overcome the financial crisis and the coming days bode well” Quote: “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities…” None of this can happen…without a serious shift in economic and currency policy. Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.
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Kaperoni (Dinar Guru) – Article: “Central: financial sector management electronically end of 2017” Quote: “...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector…” This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
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Revbo (Dinar Guru) – Article: “Central Bank: the financial crisis behind us and the next few days are promising” Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody’s coming in if they can’t get their money out.
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Iraqi Dinar/Dollar auction 03-07-17 (most recent listing)
Currency Auctions Announcement No. 3396
This daily currency auction was held in the Central Bank of Iraq on the 03-07-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 12 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 162,331,667 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 162,331,667 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Phillyman (Dinar Guru) – Articles: “Iraqi command says a few meters close from Mosul government complex” “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar” “Iraqi forces launch fresh push in western Mosul battle” “Iraqi forces near government buildings in Mosul as fight against ISIS continues” Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
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Adam Montana (Dinar Guru) – I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a tipping point, and this is going to either make us some money, or we’re going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say “we enjoyed the ride”, right?! Based on what I’m hearing from my people, I am leaning toward the bright side of it.
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Loop (Dinar Guru) – Quote: Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100.” marked decline by five thousand dinars to the category of $ 100. That is all it is saying. Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday. [so what does that mean…?] It means that the CBI has put a system into place that allows them…control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
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Vision that the economic recovery in the post-Iraqi dinar
Economy News / Baghdad … The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value and cash Acharayah against the dollar…
Read More: http://www.dinarupdates.com/blog/
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tman23 (Dinar Guru) – “Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” “There will be two elections in September: parliament and presidential,” Barzani said during an interview …I won’t be a candidate myself.” WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!
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BGG (Dinar Guru) – Article: “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice” Quote: “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice.” …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice. Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either. Why would they be “rehashing” a decision that was put off back in 2012 – right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now? I think it’s obvious.
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Adam Montana (Dinar Guru) – …I have a couple of rumors that I’m holding onto. I had hoped to have
a better confirmation on them before posting this… I do not have
what I need in order to release it, so I’m sticking with my
original
guesstimate of the rate. When I think about it, I hope I’m wrong and y’all are riding with me
to a much higher rate! You don’t want to see $3.14 any more than I
do! But I’m a realist, and that guides my logic on matters like this…Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
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Iraqi Dinar/Dollar auction 03-05-17 (most recent listing)
Currency Auctions Announcement No. 3394
This daily currency auction was held in the Central Bank of Iraq on the 03-05-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 13 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 162,332,926 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 162,332,926 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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