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…
…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 p D 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…
Read More: http://dinarupdates.com/blog/
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“Flash Cast LIVE” session Sunday afternoon w/BGG
Click here for Video Replay
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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]
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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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Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & Facebook Crew – April 13th 6:30pm CST – In the DU CHAT Room!!
www.DinarUpdates.com – save as favorite
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MadDScout (Dinar Guru) – Article: “Rasheed Bank directs its branches to open documentary credits to public and private sector companies” Another way of getting business used to the banks. There is gobs of banking reform news out there. ...it has not always been this way. These are the many gears that are turning So to ask about hold ups is to not have a good grasp on what this whole situation encompasses.
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Delta (Dinar Guru) – MASTERCARD SHOWING IQD NOW. 1 IQD = 0.000888 USD. ANOTHER ONE IS SHOWING NOW BLOOMBERG…COME ON CBI JUST DO IT.
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MadDScout (Dinar Guru) – [As we look for signals of a rate change coming, are there any similarities we can find with other countries who have been through this?] …I would say this is a very unique situation, as compared with other countries situations, and as BGG put’s it, “there is no actionable intel”.
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1bobby (Dinar Guru) – Article: “Office: Abadi agreed with the delegation of the Kurdistan Region to remove obstacles that prevented the activation of Article 140” The infamous Art 140 is in the Constitution, just not activated and or implemented. Now 140 does not cover all of Iraq, just Kirkuk and the disputed territories, Kikuk being ground zero. With Abadi agreeing to remove all obstacles to implement 140 is a HUGE step forward and something the Kurds can work with. Now while there are numerous cities/districts covered under 140, Kirkuk is the main concern. Kirkuk sits atop one of the largest oil reserves in Iraq, most reports estimate over 40 billion barrels of oil. …If Abadi is willing to remove the obstacles, then the Kurds will control Kirkuk. This action does not require a Parliamentary vote since it’s already in the Constitution. What Baghdad wants is what the constitution states “All oil within Iraq belongs to all Iraqi’s“…So if the Kurds get what they want, Baghdad will want all oil proceeds to flow thru Baghdad and then %’s will be distributed accordingly. We’ll just have to let this play out and see what they do, not what they say.
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MadDScout (Dinar Guru) – [What’s left before NEEDED to be taken off programmed rate?] Answer: That is what we are watching for. But from CBI (Alak’s) view, they are looking for stability…social, political, economic, security, take your pick as to how much of each of those goes into the criterion they are looking toward.
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Kaperoni (Dinar Guru) – Article: “The call for legislation of “important” laws before the end of the parliamentary session” Quotes: “The oil and gas laws, the Reconstruction Council, the Federal Service Council and the Federal Court Act, as well as the amending law of the amnesty law, are among the most outstanding laws that should be resolved as soon as possible,” the bloc said in a statement.” “noting that “the need to resolve to see the light soon.” …the only wildcard is if the US, UN etc get involved. We have seen in the past when something must be passed, it is done so with a little pressure. If the doors are ready to open, be assured what law or laws need to be passed will get done.
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Iraqi Dinar/Dollar auction 04-10-17 (most recent listing)
Currency Auctions Announcement No. 3419
This daily currency auction was held in the Central Bank of Iraq on the 04-09-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 35 |
| Number of remittance companies | 11 |
| Auction price selling dinar / US$ | —– |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 160,039,952 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 160,039,952 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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MadDScout (Dinar Guru) – [We have always heard when article 140 and HCL are put into place and activated we should see the rate within hours of implementation. We know Mosul is a key part. Can they implement HCL and Article 140 on a program rate?] Answer: That theory is old and unfounded, and tends to put events in the wrong order, according to what we know right now. Being as this is never mentioned in any of Alaks statements when asked about what the CBI needs to make full monetary reforms, I have put it out of my vocabulary. As to the third part of your question, can they implement 140 at program rate, I think it is so far in the future (Art140) they will have a “rate” by then. But IMO one doesn’t equal the other. They are stand alone issues, unhinged one from another. Rate is only important to us.
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Kaperoni (Dinar Guru) – Article: “Abadi: Two months separating Iraq’s exit from Chapter VII” [It would seem that Iraq’s removal of Chapter 7 would occur before the dinar becomes marketable and begins to float…] …though it’s important for Iraq to have it’s own currency once sovereign, I do not think they are directly related. When the dinar floats is a more of a decision of the CBI based on monetary policy. IMO, I do not expect it to begin until just before foreign investment begins to pour into Iraq.
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Baghdad Says U.S. Pledges Continued Support for Iraq’s War Against IS
BAGHDAD (Reuters) – U.S. Vice President Mike Pence on Saturday assured Iraqi Prime Minister Haider al-Abadi of continued U.S. support to defeat Islamic State, the Iraqi government said in a statement.
The two discussed the situation in Syria and the war on Islamic State in a phone call from Pence following Friday’s U.S. strikes on a Syrian airbase to punish a chemical attack that killed scores of civilians this week in an area held by the opposition to Syrian President Bashar al-Assad.
Read more: http://www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) – We are in the next step of the monetary reform… many asked why they were putting more IQD’s …more 3 zeros back into the market in Iraq? We never said they were putting 3 zeros back into the market, we said they were putting dinars back into the market to accomplish: #1 – MCP – elimination of the USD’s. #2 – to educate the citizens. It’s NOT the value of the notes thats important…IT’S THE NOTE COUNT …remember ONE 50k note …would be equivalent to FIVE 10k notes…One 50k note…that they bring into the bank…because they are going to get it as “pay” – they would have to bring back FIVE 10k notes…would they not? [Reducing the note count] So what about your 3 zeros notes? Your 3 zero notes are going to the FEDS. It’s internally. That is where the monetary reform (MR) is now.
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Frank26 (Dinar Guru) – The goal is to de-dollarize the markets of Iraq. This will occur by doing 1,000 to 1…which IMO…is going on right now. When they do change the EXCHANGE RATE…to show 1 to 1…YES! …at that time, they will introduce more dinars…but guess what kind? The LOWER-DENOMS. Not the 50k they are using in their pay. This process will be concurrent – (at the same time). We never said they were putting Iraqi notes back into the market. This process is to take those notes away from the market. You will NOT see this 1,000 to 1 on the CBI website…it is 1 to 1 that you will see someday on the CBI website …IMO…that is VERY CLOSE …right around the corner…because they are doing 1,000 to 1 right now.
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A Dinar Updates “FaceBook Live”!!
“LIVE Q&A with BGG”
from – Apr 7th
In the DU FaceBook Group!!
https://www.facebook.com/groups/571383766355188/
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Adam Montana (Dinar Guru) – […are we just pretty much waiting on the total liberation of Mosul or what? I know, I know…the HCL must be passed and all that, but it seems as if Mosul is a real turning point?] Total liberation of Mosul? No sir, I do not believe Mosul will ever be totally liberated, nor will ISIS/ISIL/(Or Any Other Terror Group) be completely “eradicated”. The “war on terror” will never be “won”, we can only hope to keep it at a “manageable level”, and I believe we are pretty close to achieving that already, if not completely done achieving it.
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Frank26 (Dinar Guru) – […just want to make sure I understand correctly…any country in history that went through a currency reval… redenom…etc. always revealed their 1000:1 exchange rate. However, this time, with Iraq, we will NOT be seeing the 1000:1 exchange rate. We’ll see the 1:1 at its appropriate time. Correct?] IMO…Yes.
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Adam Montana (Dinar Guru) – […are you still as positive this week about the HCL being implemented as you were a few weeks ago?… and can Iraq change the rate anytime they want throughout the year or does it have to be done by the first quarter?] Absolutely yes! And they can do this any time they want, there are absolutely no real restrictions. “Any given Sunday”, as they say… or Monday, Tuesday, etc. [Do you think is possible to see an RV in 2017…] YES, emphatically so!
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Safe Zones As Soft Military Occupation: Trump’s Plan For Syria, Iraq Is Taking Shape
The Trump administration is moving closer to its goal of creating “safe zones” within Syria. Though this strategy may be described as a humanitarian effort, the sizable increase in military presence that it will bring looks more like an invasion in disguise.
Read more: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – “REPORT: Is the Iraqi dinar Recovering?” Quote: “With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar.” Nice to hear them talk about the potential and process for the dinar. That being said, Iraq has not passed a significant law in quite a while even though many have called for them to do so. Yes, the banking system has made progress the last year under the guidance of the IMF, but it’s time Iraq does it’s part and pass the laws, to create the environment for investment. Then we shall see what happens.
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Loop (Dinar Guru) – Article: “Iraq: Confidence is in the Air” Quotes: “…there was a strong sense that Iraq’s fortunes are turning a corner…” “Confidence has returned to Baghdad — it is in the air! Baghdad is confident again, and it’s absolutely wonderful.” The IBBC (Iraq Britain Business Council) Spring Conference has started.
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Positive for the development of Iraq’s future outlook will have a positive impact among investors
Economy News / translation …
A report of the Network (CNBC) American that confidence expressed by Fitch International Foundation bisect the credit of the Iraqi economy last month, which will have a positive impact on investment in Iraq.
Network wrote in its report that Fitch gave Iraq rating B + with a positive outlook for the future, which believes it will be stable, although it is fighting a war against (Daesh).
She added that Fitch placed Iraq at the level of B + due to political risks and instability caused by conflicts going through.
Read more: http://www.dinarupdates.com/blog/
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Abadi: Iraq is moving toward stability and community reconciliation
Iraqi Position Network Iraqi Prime Minister Haidar al-Abadi said Sunday that Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment.
“The Iraqi position” on the need for institutional reform of the state and create jobs for new energies in the country.
He pointed out that the Iraqi budgets during the past years have accumulated with the growth and growth of the population throughout the country, so that the population will double in Iraq in a quarter of a century and will double the need for energy, “electricity and oil” over the next 15 years.
Al-Abbadi explained that Iraq is running for energy and that we seek to benefit from every barrel of oil and every torch of gas burned, declaring that the five-year plan is no longer sufficient and reliable for production because of the ongoing wars, which led to the decline of economic growth, the budgets of Iraq can no longer be sufficient to meet and cover The cost of current population growth.
Read more: http://www.dinarupdates.com/blog/
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BGG (Dinar Guru) – [Kushner is in Iraq at the invitation of Gen. Dunsford…it might not mean anything…but there was a lot of rumor about that a few weeks ago…] …what it means is… our President wants his most trusted people on the ground in Iraq. He’s engaged. Not trying to bail out!!
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BGG (Dinar Guru) – Article: “Abadi: Iraq is moving toward stability and community reconciliation” The title and first paragraph uses all the reform buzzwords immediately. Abadi: Iraq is moving toward stability and community reconciliation. 1) Stability 2) Reconciliation (important to the UN) “…Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment…” Boom – mic drop…
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BGG (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” I don’t think the UN will remove Iraq from Ch 7 immediately… nor do I think it matters one way or the other – to us.
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A military source: besieged Baghdadi in Mosul and near the end
{Baghdad: Euphrates News} a military source said early on Sunday that security forces are likely to be Abu Bakr al-Baghdadi, leader of the terrorist gangs Daesh occurred in the siege in Mosul and its end came close.
The source said that “what is likely to conclude the Iraqi military, infiltration attempt Aldoaash ten days ago in a convoy of vehicles quad payment backed by a few tanks to the Iraqi city of Tal Afar , near Mosul from Syria.”
He added, ” The terrorists tried to decipher the ring referred to followers of them trapped in Tal Afar, in order to serve in the event of the success of their plan to strengthen their abilities to march on Mosul.”
He pointed to “enable the popular crowd forces from the liquidation of all those who were in the convoy mentioned Aldoaash mentioned, while likely Our analysts to be the purpose behind trying to infiltrate terrorists into Tal Afar and then Mosul, the evacuation of the remaining leaders in Daesh there, or save Baghdadi himself, especially and we do not rule out its presence in Mosul. ”
Read more: http://www.dinarupdates.com/blog/
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1bobby (Dinar Guru) – Article: “The IMF is discussing boosting tax revenues in Iraq” The taxes and Tariff’s weren’t working to the expectations of the IMF, so they suggested to raise both. Recall the tax structure was part of the Structural Benchmarks NOT met during the SBA Review. What they are implementing is opening the private sector, put your citizens to work, take the taxes from them and products, and BAM you have more non oil revenue. …the IMF also mentioned bringing in the International Finance Corporation to assist in this lack of revenue endeavor. So everything is coming together. The hardest part is waiting.
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DAZ (Dinar Guru) – AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET… THEY WILL JUST AS SIMPLY…”TURN THE MONEY BACK ON”. IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT…AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION. WE’RE READY WHEN THEY’RE READY. [post 2 of 2]
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Iraq will not sever ties with Iran despite pressure from Arab nations
AMMAN, Jordan – Iraq will not sever ties with neighboring Iran under pressure from other Arab countries, the Iraqi Foreign Minister confirmed to Rudaw on the sidelines of the Amman Summit as a draft resolution is being considered by the Arab League members calling on Tehran to cease meddling in affairs of the region.
“Iraq is not ready to step towards agitating the region and will not sever ties with any neighboring country,” Ibrahim al-Jaafari told Rudaw, referring to its Shiite neighbor Iran, a strong ally of Baghdad.
Baghdad is not willing to cut ties with any neighboring country, even Turkey, Jaafari said, despite growing differences between the two over the presence of Turkish troops in northern Iraq.
“Do you know that when I am speaking right here Turkish troops are in Iraq, but we have not ended relations with Turkey,” he said.
He stressed that Iraq is doing its best to have friendly relations with its neighbors.
“We do our outmost to lead our relations to go on the right way,” he said, confidently.
Read more: http://www.dinarupdates.com/blog/
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DAZ (Dinar Guru) – IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY… IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE…A COALITION OF NATIONS “TURNED OFF THE MONEY (DINAR)” AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. [post 1 of 2….stay tuned]
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Frank26 (Dinar Guru) – FRESH FORM IRAQI TV… “The financial crisis has not led to the collapse of the dinar or to a major inflation in prices,” Prime Minister Haider al-Abbadi said.” Even A [Abadi] defends his Nation’s Currency now…Where there use to be embarrassment …There is soon to be a Value of Pride and Unity for Iraq and as a Donor Currency…For The reconciliation of The ME.( middle east).
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Kaperoni (Dinar Guru) – I think many in and out of Iraq believe the dinar is under valued. We have even heard “grossly under valued” before in statements. The fact is, the CBI is and must follow the directives of the IMF. No if’s, and’s about it. We cannot pick and choose what we read in IMF documents, if we believe the IMF, we must accept it all. Therefore, we see the CBI following the directives, attempting to remove restrictions (ie. the spread), rebuilding the banking system, removing restrictions on foreign exchange, cracking down on corruption and money laundering all in an attempt to prepare for Article VIII and freedom of movement of capital in and out of Iraq. Let it come to us.
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BGG (Dinar Guru) – When we talk about the price tag the IMF and the UN have put on Mosul…one has to wonder exactly what leverage the UN has in this game… It is clear what say the IMF has – they are the IMF… but the UN, on the other hand, not so clear…unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 – the sanctions, yes… the protection… I just doubt it. What does this mean for us? As long as they are doing as the IMF and UN have laid out for them – no reason the IMF and the UN won’t support a return “international acceptance and integration”…and that is all any of us care about. [what has to happen for them to get out of chapter 7] A better question – and the one we all really want to know is… do they even have to be fully out of Chapter 7? My guess. No – they do not…
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1bobby (Dinar Guru) – …if we look at CH 7, the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency. Having the U.N announce the removal of CH 7 to the world is what Abadi’s looking for.
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MadDScout (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” IMO) Abadi can only be asking because, along with other criteria, they are ready, or he would not have asked in front of the world…I think it says volumes about where they are.
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A Dinar Round Table Call
“with the whole DU Crew”
from Tues nite – Apr 4th
Click-N-Listen!!
Smart phone user link – Click here
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Kaperoni(Dinar Guru) – Article: “Abadi calls during a meeting with Secretary of the United Nations to remove Iraq from Chapter VII” Quote: “{Baghdad} Euphrates News called on Prime Minister Haider al-Abadi to remove Iraq from Chapter VII to end the occupation of Kuwait and file resolutions imposed on the people of Iraq because of Saddam’s regime policies.” This is important and will motivate them to get the dinar engaged with the global financial system.
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1bobby (Dinar Guru) – Article: “Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII” We knew that Iraq was NOT out of Chapter 7, but not in a stranglehold as they had been. They now have the right to defend themselves and control their currency. The issues that are outstanding are the reparations to Kuwait and to the best of my knowledge the Oil for Food/Medicine Program. Now if we look back to late last year Iraq made an announcement that the OFP had ended. If we recall the U.N Rep stated that Iraq has made great progress as far as the OFP and the June date was set as a “let’s see what happens between now and then” kind of a date. For Abadi to publicly come out and ask the U.N Secretary General to no longer associate Iraq with Ch 7, is a big move on his part and I doubt he’s expecting a no answer. They can still have working files, but to have the U.N come out and publicly rid Iraq of the CH 7 shadow would be a huge move forward. As we have seen Kuwait has been a big supporter of Iraq as of late and has continuously been working with Iraq on outstanding issues.
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Kaperoni (Dinar Guru) – Article: “Iraq’s Current Economic Outlook And How it Can Affect Dinar Value” Quote: “With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.” The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as “artificially low value”…shows a lack of understanding…
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Iraqi Dinar/Dollar auction 04-10-17 (most recent listing)
Currency Auctions Announcement No. 3419
This daily currency auction was held in the Central Bank of Iraq on the 04-10-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 35 |
| Number of remittance companies | 11 |
| Auction price selling dinar / US$ | —– |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 160,039,952 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 160,039,952 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Chattels (Dinar Guru)- Article: “Iraqi News reporting US troop level increases. “America sends more troops to Iraq” It will be interesting to look for commentary in the news from Sadr and others.
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Loop (Dinar Guru)- Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
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Kaperoni (Dinar Guru)- Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts
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BGG (Dinar Guru)- [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD
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Trump reaffirms US commitment to Iraqi people in phone call with Abadi
BAGHDAD, Iraq — A week after meeting face-to-face in Washington, D.C., Iraqi Prime Minister Haider al-Abadi received a phone call late Wednesday night, in which US President Donald Trump reaffirmed US commitment to the Iraqi people in the fight against ISIS.
Trump emphasized that military and intelligence cooperation should continue, according to the PM’s website, adding that the courage and intelligence of the Iraqi people “who are loved and respected” by the US will inevitably banish “ISIS gangs.”…
Read More: http://www.dinarupdates.com/blog/
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Loop (Dinar Guru) – Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
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Frank26 (Dinar Guru) – IN MY STRONG OPINION…the MR has been going on inside of Iraq for quite awhile ago. We’ve shown you many articles of how this is possible. Infancy is NOT the starting of the MR…it is in the stage that it is in right now… WALKING…taking it’s BABY STEPS…and soon…it will start WALKING VERY FAST! The speed will pick up just like we told you. BRILLIANT CALCULATED STEPS by Abadi and Trump! The East is done is Mosul…and 95% done on the West side of Mosul. Abadi said …I will announce to the world that Mosul is liberated at the Arab Summit. Abadi is under the US control…not like a puppet …we are a TEAM …Abadi is a TEAM PLAYER…and when he returns back to Iraq…GAMES ON!
BGG ~ This is complete B.S.
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BGG (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] Just the opposite…them dealing with their corruption issues will help the world accept a higher rate for the Dinar. I am positive this is one of the items the IMF will be discussing shortly.
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Eat Well – Lose Weight!!
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Kaperoni (Dinar Guru) – Article: “Iraq on the brink of an ambitious program looming…” I am encouraged that we will see the beginnings of currency reform within the next few months. We can hope anyway.
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Loop (Dinar Guru) – [Would changing the rate of the Dinar have any affect on their rampant corruption issues?] IMO…They have a good handle on the corruption going on in the banking sector. While they still have work to do on this front they have systems in place to catch the crooks. So I do not see it has stopping them from a rate change at this point.
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Adam Montana (Dinar Guru) – There’s one name in particular that I’m happy to see in the news: Abadi. Anyone who’s been in this for more than a couple years has seen the amazing progress that’s come about since Maliki got the boot and Abadi came stomping in with the big boy pants on! The GOI was revamped, decluttered, and streamlined. Parliament picked up the pace and got a lot of things done that were simply not happening under the previous administration, and now: 1. Abadi confirms he’s planning on running for a second term. I see this as a shoe-in, no-brainer, it will happen, DONE. (Yes, we are going to hear some noise from the Maliki Camp, I say…ignore it). 2. Abadi is working hard towards full IMF and basically global support, and the fruits are coming. [post 1 of 2….stay tuned]
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Saudi King to Abadi: with restoring Iraq to turn in big area
King Salman bin Abdul Aziz, Saudi Arabia’s support for Iraq to restore its role in the region and strengthen relations with at all levels.
Abbadi’s Office said in a statement received Agency {news Euphrates} copy of it today, “Prime Minister Haidar Al-Abbadi met on the sidelines of the Summit Arabic King Salman bin Abdulaziz…
Read More: http://www.dinarupdates.com/blog/
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Adam Montana (Dinar Guru) – 3. “This week on Fox News Sunday: Haider al-Abadi, Prime Minister of Iraq, in an exclusive interview.” Get your popcorn out! Abadi on with Chris Wallace this weekend. Don’t expect a huge announcement from Abadi on the RV…this is just more proof that Iraq and the PTB are not going to stay where they are. The country is poised to make a leap, and we’re watching! Another thing I am paying close attention to in the news is Saudi Arabia… there is a LOT going on with that country right now. It’s a very complex situation, but the direction is tremendously good for us and for Iraq’s future as a very powerful and wealthy country. That might be one of the reasons why Saudi Arabia is taking these steps: “Saudi Arabia plans to cancel previous debt on Iraq” Bottom line…this is happening fast, and we’re just here for the ride. [post 2
of 2]
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MadDScout (Dinar Guru) – I know Abadi had a busy day today [Tuesday]. Abadi today met with : President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others. This is a very good feel of how the new US President is working in a positive way with Iraq. [post 1 of 2….stay tuned]
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MadDScout (Dinar Guru) – Article: “Abadi discusses with US Trade Secretary lifting obstacles to investment companies” Quote: “Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.” This was a very good meeting from reports. I can not remember a one day event that produced so much positive for all sectors. It was like Abadi ran the table today. LOL …was a very positive day for us investors and for Iraq as a whole. [post 2 of 2]
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Electricity: the privatization of the energy will liberate citizens from private generators expenses
Ministry confirmed the electricity, that electricity investment project (the privatization of energy) will free citizen of the restrictions and expenses of amperage, generators and all the suffering of attrition.
Read more: http://www.dinarupdates.com/showthread.php?47764-Privatization-of-the-energy-will-liberate-citizens-from-private-generators-expenses
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Backdoc (Dinar Guru) Article: “Keywords announce start implementing the e-government project” VERY INTERESTING…WE GO FROM IMPLEMENTING THE DIGITAL E- DINAR ON FEBRUARY 8TH TO NOW GOING DIGITAL FOR GOVT. FUNCTIONS! YES, THE DIGITAL BLOCKCHAIN ADDS BETTER SECURITY, SPEED, AND EFFICIENCY! THIS WILL HELP PUT A HURT ON CORRUPTION!
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Adam Montana (Dinar Guru) – You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on the “tube”. Or at least, you aren’t seeing so many negative news stories… and you know why that is, don’t you? It’s very simple – the media isn’t making a big deal about Iraq anymore because things are going REALLY GOOD, and those aren’t the stories that sell ads! …there is a LOT of progress happening right now with oil, agreements, and security. These are exactly what we want to see! We are getting to a point in this Iraqi Dinar situation that has me excited again, finally, and it’s been a long time since I felt this upbeat about the Dinar. We’ve been going in the “right way” for a long time, but now we are on a STRONG path to victory!
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Kaperoni (Dinar Guru) – Article quote: “in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstruction in post – Daesh.” This seems to imply the banking sector reform is just around the corner…
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Tourism’s “economy News”: Iraqi antiquities need to pause
Economy News / special It demanded Tourism and Antiquities Authority necessity that there be a serious stand of Iraqi antiquities and make it an important tributary of the Iraqi tourism.
The general director of the tourist facilities in the Authority, Mahmoud al-Zubaidi (News of the economy), that Iraq holds a history spanning prehistoric and presence only gives economic footprint, pointing out that there is a move away from the development of tourism, particularly with regard to the Iraqi antiquities.
Read More: http://www.dinarupdates.com/blog/
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Aggiedad77 (Dinar Guru) – Article: “Iraq looking to raise obstacles to the entry of US companies to invest” IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26] said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.
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Kaperoni (Dinar Guru) – […wondering if Trump can push for currency reform.] Currency reform is a consequence of economic and banking reform. …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly…the Balassa-Samuelson effect. ”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words Iraq’s dinar is directly related to the growth of the private sector/market economy.
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Kaperoni (Dinar Guru) – Article: “International Monetary Fund agrees to release contractors’ receivables” Quote: “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process.” So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
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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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tman23 (Dinar Guru) – This week in Washington is the NATIONAL COALITION MEETING…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…
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Kaperoni (Dinar Guru) – Article: “Sabri: Iraq’s economy will rise over the next five years” ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect…
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United Nations Secretary General: we hope to achieve a Government representing all communities in Iraq
United Nations Secretary General Antonio Gutiérrez, Wednesday, we hope to achieve a Government that represents all the components in Iraq.
He welcomed Guterres in his speech during the Arabic League Summit in Jordan, “progress in Mosul and Iraqi troops restored to lands of ISIS’s control.
Read More: http://www.dinarupdates.com/blog/
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tman23 (Dinar Guru) – …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.
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Kaperoni (Dinar Guru) – The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements… That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don’t see anyway around that. That being said, they could get off the peg without approval from the IMF.
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firefly (Dinar Guru) – Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. …the true rate will show on the CBI 1st.
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Abadi looking with two US firms electricity and airlines to develop
Economy News / Baghdad …Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.
Read More: http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) – Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
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Kaperoni (Dinar Guru) – Article: “Expert: Iraq is heading for a social market economy within the plan that will last until 2030” More importantly, currency reform must begin before they will ever have a market economy.
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Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
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Deputy: Abadi visit to Washington made Iraq the Middle East equilibrium point
MP in parliament, Abdul Rahman Alloizi, on Thursday, Prime Minister Haider al-Abadi’s visit to Washington has created a kind of balance in the Middle East.
He Alloizi, L / balance News /, said that “al-Abadi’s visit to Washington came in the context, the fact that Iraq today is one of the closest allies of the United States.”
Read More: http://www.dinarupdates.com/blog/
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BGG (Dinar Guru) – Quote: “…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision…” exactly what decisions do the IMF executive board have to make coming up? I mean – they only deal with one thing. INTERNATIONAL MONETARY FUND. […can the CBI make a move before the DC meetings?] the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to? without international acceptance – there is no market. [post 2 of 2]
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BGG (Dinar Guru) – Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.” This is saying these finalization talks were already started…and will resume – (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.” Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited. [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) – Article: “Detection 3 “goals” Abadi seeks to achieve” Quote: “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries…” To me, this says they better get to work..and soon… “there are no plans for further lending”.
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Iraqi Dinar/Dollar auction 04-10-17 (most recent listing)
Currency Auctions Announcement No. 3419
This daily currency auction was held in the Central Bank of Iraq on the 03-30-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 35 |
| Number of remittance companies | 11 |
| Amount sold at auction price (US$) | 160,039,952 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) |
Read More: http://dinarupdates.com/blog/
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Revbo (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
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Kaperoni (Dinar Guru) – “Statement at the End of an IMF Mission on Iraq” Quote: “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.” I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
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Revbo (Dinar Guru) – I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.
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