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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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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Kaperoni (Dinar Guru) – Article: “Central: the auction of the currency, “a transitional entity” and the need for him is still ongoing ” The good part about this article is that they refer to the auctions as a “transitional entity” which to me only means that they plan to float the dinar and make it internationally convertible and traded. Only such a move would give the CBI an alternative source of revenue via commissions.
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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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Dinar Updates – “NEWS TIME” w/MadDScout & the DU FB Crew – Mar 9th 6:30pm CST – In the DU CHAT Room!!
www.DinarUpdates.com – save as favorite
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Kaperoni (Dinar Guru) – I know many do get it..but some still cannot grasp and think the dinar must RV prior to investors coming to Iraq…when the reality is…it is a tool of the CBI to counter the inflationary pressure creating by the very investment we expect to see….”to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”.
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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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Aggiedad77 (Dinar Guru) – Maybe it’s just me…but I’m thinking for a Friday that is an Iraqi holy day, we’ve seen a fair share of good news today as well as good moves on their part, especially with regard to Mosul and the progress being made there…plans of actions…actions put into play…we are moving forward…I think we’ve seen further confirmation of their intent post Mosul…post DAASH….in the right direction…the BEST is coming.
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Randy Koonce (Dinar Guru) – Everyone needs to be watching events in Mosul. As security improves with the continuing advancement of Iraqi forces, and the liberation of Mosul announced officially by Abadi, that will be when our window is the Best. Iraq is looking for security from ISIS, along with the US advisors that are there. Security and stability really are the keywords. And based on recent news on Mosul, it is getting closer. So, to repeat: We are watching for an official announcement from Abadi that Mosul has been Liberated. Based on the information I have right now, once that happens, it should not be but a matter of days. Everyone with a say in the matter wants this to happen. We are close.. Every large bank will exchange…RELAX the RV is coming… [post 2 of 2]
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Randy Koonce (Dinar Guru) – I have not sent out an updated report in a while because I have been waiting for another good window to open up. It looks like we may finally have one. If you have been watching reports from other gurus in Dinarland, you know by now that everyone seems to be gathering on the same page, once again. I want you to know that it does appear that conditions are coming together that are favorable for the RV to occur, hopefully for the last time. My various contacts are all telling me the same thing. We are very, very, very close right now. I would encourage you, before accepting any…announcement of a revaluation, to take the time to check at CBI.IQ to confirm that the rate has actually changed. You are looking for something along the lines of .289 in the dollar grid. If it says 1166 – No RV. However, if a decimal number, such as .289 or .256 (examples) appear – then you too have finally won the lottery! At least, that is what you are going to feel like. [post 1 of 2….stay tuned]
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After a break of 27 (years) Saudi Arabia is preparing to invest in Iraq
After a break of twenty-seven years, Saudi Arabia expressed their willingness to invest in Iraq during a visit by its foreign minister, Adel al-Jubeir to Baghdad last week. This desire met with greetings by members of the House of Representatives calling on all Arab countries, including Western and extend a helping hand to Iraq…
Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – The spread in Iraq is dropping. Good news! 1250.
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Holly1 (Dinar Guru) – Quote: “Haitham Alaffas The central bank works to support the Iraqi dinar and reliable sources suggest the landing of the dollar to 122 in the next week” [what does ‘landing of the dollar to 122 in the next week’ mean?] IMO.. THE DOLLAR 122…NEXT WEEK GO DOWN…IN MY WAY OF THINKING…AND I DONT THINK LIKE A IRAQI…I WOULD THINK THAT IS WHAT HE IS SAYING …IMO. FINGERS CROSSED…
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tman23 (Dinar Guru) – Iraq has been operating for years with a parallel rate…which is 2 rates…So much as the IMF told them back early 2016 to get off it… Now we are seeing that unfold as all banks in Iraq are connected to the CBI and in unison with exchange rate… YET we have not seen the CBI update the DATE on their website for indicative rates... Indicative–expressing simple statement of a fact. And with that thought, one can make the assumption that possibly the fact is the rate is no longer what the CBI has published on their site…therefore they have not updated the date…
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Kaperoni (Dinar Guru) – Article: “Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system” Quotes: “…a “need” a new political system based on a market economy…” “…in the democratic systems that rely policy of market economy, it gives freedom of movement of money…” I believe Saleh is calling for the transition to a market economy. This would then end the daily auctions as the CBI would move to IMF Article VIII, get off the peg and float the dinar.
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“with the whole DU Crew!!”
from Wed nite – Mar 1st
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Kaperoni (Dinar Guru) – Article: “Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system” Quotes: “…a “need” a new political system based on a market economy…” “…in the democratic systems that rely policy of market economy, it gives freedom of movement of money…” I believe Saleh is calling for the transition to a market economy. This would then end the daily auctions as the CBI would move to IMF Article VIII, get off the peg and float the dinar.
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BGG (Dinar Guru) – [I just heard on Fox news that somebody felt it might take a year to get ice is out of Mozel.] They are HAMMERING AWAY at these guys RIGHT NOW. This won’t take a year…It won’t take a month…in fact, over the last several days, in spite of HEAVY FIGHTING, there are maps showing the Iraqi regulars holding nearly 20% of the last half of Mosul. Iraq is hitting ISIS in Syria – CUTTING OFF ROUTES of escape. This is a “TURKEY SHOOT” about to happen.
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Kaperoni (Dinar Guru) – Article: “Commercial layer “parasitic” I run the Americans in Iraq and the balance of the bank continues to decline” Quote: “…the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically.” IMO, they wouldn’t be talking about it, if it was not the plan. Soon we can hope the float will start.
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Elements Daesh surrender near the government compound
BAGHDAD / Sky Press – A security source in Nineveh province, on Tuesday, the six members of the organization Daesh surrendered to security forces near the government compound.
The source said that six members of the organization Daesh surrendered to military cuts near the government complex in the right coast of the city of Mosul…
BGG ~ This is what defeat looks like…
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tlm724 (Dinar Guru) – Article: “The Ministry of Commerce held a conference last week that “trade policy and economic reform” with broad participation and the presence of specialists in the economy.” [What is your take on this… Quote: “…the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically.”] I think when it says “the government can not afford to float the currency politically” they are right. Politically here is no Minister of Finance and the CBI governor is a Bozo, that is some serious instability if you ask me. We all know the dinar is grossly undervalued and the reserves are down because Iraq is just now graduating from the Economic’s 101 class. They are making great progress with the electronic system which is very encouraging. Without that piece of the puzzle we would have little hope! They need liquidity badly and the only way they are going to get peoples money is to make those deposit’s insured. That is what I am looking for next!
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Loop (Dinar Guru) – LOVE THE DUE DILIGENCE THAT THE BANKS AND GOI ARE DOING! IT SHOWS A REAL COMMITMENT, ON THEIR PART, TO STOP THE CORRUPTION ONCE AND FOR ALL. THEY STILL HAVE MUCH WORK TO DO ON THIS FRONT. ONE THING HAS BECOME VERY APPARENT TO ANYONE READING THE NEWS…THEY ARE DONE ALLOWING THEIR WEALTH TO BE STOLEN BY CROOKS. THIS BODES VERY WELL FOR THE IRAQI CITIZENS AND US! THIS IS EXACTLY WHAT THE IMF NEEDS TO SEE THEM DOING!
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Kaperoni (Dinar Guru) – Article: “Central Bank Governor: We support researchers and experts” Quote: “…the strength of the role of the banking sector is largely based on the strength of the economy and the stability and diversity, and its role in supporting and stimulating the private sector as the fundamental basis for the economy and growth.” No secrets or shortcuts. Though not what most want to hear, it is what we want to hear. Simply because as the economy grows so will the dinar…Balassa-Samuelson effect.
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Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched
Baghdad / Zahra al-Jassem – Digital Panel abuzz with various colors and accounts rapidly, has stuck to glance necks and eyes Mitrqubh in a medium – sized trading hall transparent barrier separates it from trading companies offices inside.
This concise picture of the Iraqi Stock Exchange (KSE) , which is packed with elderly men and record attendance rarely women. This market traded started manually after the change in 2003, is limited to the participation of shares of only 15 companies, before he knew the electronic trading system for the first time in 2009, a jump of trading the indices by 50%, and is open to foreign investors is also in the year 2017. The Iraqi Stock Exchange , like every other bourse, digital world does not care about non – financial secrets though thrones crumbled, but not lulled to rest only when the curtain falls , announcing the end of the presentation…
Read More: http://www.dinarupdates.com/blog/
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BGG (Dinar Guru) – “Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched“ Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched! Holy $*%&! Did I just read that right? There is a reason they are talking about this right now…it would appear this is on the verge of happening.
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Loop (Dinar Guru) – Article: “Rasheed develop a plan to open branches in the liberated areas Banks” What caught my attention in this article was that they are in starting to talk about opening and rolling out modern & advanced services in the liberated areas. This says one thing to me. They feel the there is enough SABILITY and SECURITY in the liberated areas to move forward with normalized banking operations. Which means that they must feel that there is little or no threat that the banks funds will fall into the hands to Daesh.
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Loop (Dinar Guru) – Article: “Iraq complains Ministry of Finance’s lack of cooperation with the retirement body: disgruntled pensioners of procedures” Quote: “Rafidain Bank was forced to exchange for several months, in spite of the suffering experienced by the bank, due to the lack of liquidity…” due to the lack of liquidity…I KNOW WHAT WOULD FIX THE ISSUE…INCREASING THE PURCHASE POWER OF THE DINAR!
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Iraqi Dinar/Dollar auction 02-27-17 (most recent listing)
Currency Auctions Announcement No. 3390
This daily currency auction was held in the Central Bank of Iraq on the 02-27-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 34 |
| Number of remittance companies | 13 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 161,666,711 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 161,666,711 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Loop (Dinar Guru) – The Iraqi’s are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being dealt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO. The battle to free the Right coast is progressing very nicely. The on going media blitz on Maliki is very telling. His time is coming to and end. His is about to reap the what he has sown. IMO. Munich was a definite catalyst for the recent move on him. IMO…It’s shows how close we are getting to realize the the fruits of our labor… The continued dialogue in the media about national reconciliation shows how serious they are about it. It’s not over until the fat Iraqi woman sings, but I have a feeling that she is about to belt out one heck of a tune!
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Delta (Dinar Guru) – [Dont know if relevant? “DEAL-Iraq’s First International, Sovereign Bond“] NOT ONLY RELEVANT…BUT VERY HUGE! IRAQ HAS ISSUED ITS FIRST EVER INTERNATIONAL SOVEREIGN BOND. IT WAS ISSUED ON 02/24/17. [There were contingency for this … They decided.] YES…THAT’S WHY IT’S HUGE…WARKA TOTAL BLOCKED TODAY.
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BGG (Dinar Guru) – I am very excited about the recent progress on Mosul, economic reform, international support (potentially international acceptance) and more. Literally and AVALANCHE of news. It seems Abadi is again “forecasting” as he was back in late 2016. What this means?? Anybody’s guess.
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Would you invest in Iraq?
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Loop (Dinar Guru) – The Iraqis are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being delt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO
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Enorrste (Dinar Guru) – Article: “Parliamentary Finance: Iraq’s debt rising to more than 126 trillion dinars” Quote: “The Committee suggested that the Government, if the price per barrel rose to above $ 45, to go surplus funds to the central bank to increase the cash reserve, or the repayment of foreign debt.” I found the …article…referenced just above to be interesting. It says that at $45 per barrel Iraq would be in a surplus position. According to NASDAQ the current price of oil is $54 per barrel. This means that Iraq has apparently cured their budget deficit problems, at least according to the IMF. It is also for this reason that the IMF can postulate that reserves in Iraq will rise significantly over the next 2 or 3 years to $91 billion. Having said that, I feel that the IMF in making these statements is quite confident that things are moving in the right direction for them to initiate the float this year.
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Loop (Dinar Guru) – Article: “Parliamentary oil suggest the presence of 300 billion barrels of undiscovered” Quote: “...said the oil profanity by Mehdi al-Hafez, Tuesday, that there is a plan of action will begin to explore more than 300 billion barrels of oil, Iraq added to the reserve.” If Hafiz is correct Iraq will have the largest reserves in the world. What we do know for sure is that they just add 10 billion to their reserves last week. Iraq is currently 5th in the world as far as oil reserves go. Much of their country has yet to be explored for oil. I would be surprised if they do not find much more.
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Abadi condemning al-Maliki in the fall of Mosul
East News – Maliki was sentenced fateful and disastrous in all specifications. Iraq has tasted the scourge and calamities for eight years in lean times Kalhandal, wherein deepened the rift and dissent and the wounds between the people and factions , components, and they took control of hatred, hostility and hatred welcomed the seeds of revenge.
The corruption and financial looting came to the brink of bankruptcy treasury Iraq, testified golden age in the robbery and banditry, and its Tcatherat plays Althregih irony and comedy, prepared its advance, production and directing will come with the escape of hundreds of prisoners, criminals , terrorists murderers from prison, and his covenant fateful escalated the language of intolerance and arrogance and arrogance, even dealing political stupidity reckless, WAM Great misfortunes represented the fall of Mosul, not confrontational war, but in the receipt by hand to organize Daesh terrorist, leaving the fate of more than two million citizens in the brink of danger and death and slaughter, and then continue the series of calamities followed the fall of the three other provinces which (Anbar, Salahuddin and Diyala)…
Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – Article: “Abadi Votal discuss the battle of Mosul and international support for Iraq” I don’t expect the CBI to “flip” a switch the day after liberalization of Mosul. It will take some time to stabilize the area and begin the clean up, return citizens to their homes etc. So we could be waiting a few months after before the CBI decides to begin currency reform. Especially with the spread still not close to 2%.
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Kaperoni (Dinar Guru) – Article: “Iraq joined the Convention on the transparency of the arbitration between investors and states” Quote: “This agreement is an important message and clear to the world that Iraq is a major hub in the Middle East for investment and reconstruction and construction,” noting that “this agreement adopted by the United Nations to save the rights transparently in the event of a conflict between investors and states.” Dispute resolution is critical. A good sign.
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Kaperoni (Dinar Guru) – Keep in mind, there are several things that could effect the reserves. Oil prices could skyrocket to $100 +, they could officially get out of UN Chapter 7 and get some funds that are being held released, etc. But it seems like the IMF has a plan with the CBI. We all have seen the efforts the last 12 months or so to improve the banking system. So despite these possibilities, I believe the reason is more in line with improving Iraq’s economy, putting people to work, rebuilding post ISIL and opening the banking system to the world for investment…at least we can hope anyway. [post 2 of 2]
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1229.584 | 1228.969 |
| British pound | GBP | 1455.018 | 1454.290 |
| Canadian dollar | CAD | 881.083 | 880.643 |
| Swiss franc | CHF | 1150.073 | 1149.498 |
| Swedish krona | SEK | 129.489 | 129.425 |
| Norwegian krone | NOK | 136.601 | 136.532 |
| Danish krone | DKK | 165.398 | 165.315 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1582.534 | 1581.743 |
Indicative rates – 03.04.2017
http://www.cbi.iq/
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Kaperoni (Dinar Guru) – Article: “IMF confirms the stability of Iraq’s reserves of hard currency” Quote: “the IMF said in his study, that Iraq reserves will arrive in 2018 to $ 62 billion , and then rise to $ 91 billion in 2020 due to improved conditions of the Iraqi economy and oil exports and its derivatives and the sufficiency of electricity imported to some provinces and gas export and promotion of tourism, industry and all economic resources bode well“ I think the important thing here is that something pretty substantial must occur this year for this forecast to be true. As we all should know by now, Iraqi oil is not enough at the current prices to increase reserves because they spend more than they make. So I expect them to transition to a market economy this year in order to improve the reserves by $50 billion over the next two years or so. [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) – Article: “Abadi condemning al-Maliki in the fall of Mosul” He wanted to be Prime Minister, time he take responsibility for his actions or lack there of.
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Loop (Dinar Guru) – His opinion is that .83333 cents to the dollar would be more managable. [So the exchange rate would be 1/.83 = $1.20. 1 divided by .83…In USD] This is where they feel they can defend (support) the rate based on their current economic capacity. This will increase over time has they economy grows. Remember that this is one persons opinion. What is so very encouraging is that this really shows that the expectation is a marked increase in value, which is very positive for this investment. Mr White made an excellent point…about them not having much to export, other than oil that is. The price of oil is fixed in the world markets and is traded in petro dollars so oil would not be effected by the increased dinar value. For the rest the GOI can always do what we do in the USA. What I am referring to is subsidizing the exports to bring the price down. This ensures that industries flourish while keeping the costs of exports low. [post 2 of 2]
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Iraqi Dinar/Dollar auction 02-23-17 (most recent listing)
Currency Auctions Announcement No. 3388
This daily currency auction was held in the Central Bank of Iraq on the 02-23-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 35 |
| Number of remittance companies | 13 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 164,465,069 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 164,465,069 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Loop (Dinar Guru) – Article quotes: “Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars to the dollar instead of 1200.” “But the move was postponed to a later date due to the exit of some Iraqi areas under government control after the occupation of «Daesh» her. Then the military operations began to recover these areas which still exist. The government is expected to return to the project itself after the end of military operations.” “The price of the Iraqi dinar former (US $ 3.2) was exaggerated and will continue to be overrated if has to return to it in the future. It will make imports cheaper, but it hinders improvement of production and export capacity of Iraq, may be the price of 1.2 dinars to the dollar or dinar against the dollar is a good price.” So this economist is saying that while 3.2 dollars per dinar (Old rate) would make imports much cheaper it would cause exports to be expensive. [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) – Article: “Funding Facility for Economic Reform established to invigorate IraqÂ?s reform initiatives” Quote: “…UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus.” Very good article. It appears the UN is helping Iraq push these needed reforms forward.
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Enorrste (Dinar Guru) – Instead, KAP discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world. But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable. Furthermore, he implies that this has been in the government’s plan book for over 4 years, as KAP has already explained for the last 4 years! In other words, he is confirming…the correct view of the situation while at the same time specifically denying that an RV would work. Finally, as KAP noted, we see that, at least from this writer’s point of view, the only thing now holding up the implementation of the float is the ISIS situation. It is anyone’s guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient. Only time will tell. [post 2 of 2]
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Enorrste (Dinar Guru) – Article: “Raise the price of the Iraqi dinar to the fore again” Quotes: “Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq…” “…Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars...” “The government is expected to return to the project itself after the end of military operations.” This is one of the most positive articles I have read in a long time. The author clearly states that it is not possible to “RV” in the traditional sense and explains why. [post 1 of 2….stay tuned]
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A Dinar News Time Call
“with the DU FaceBook Crew!!”
from Thurs nite – Feb 23rd
Click-N-Listen!!
Smart phone user link – Click here
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Adam Montana (Dinar Guru) – The question, then, is “When will the Dinar Currency of Iraq Revalue?” This investment is not a scam, but you must be prepared to wait for things to happen. It may revalue, or “reinstate”, to a previous level, which would make many of us rich overnight… or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make. One thing I do know, for a fact… the Iraqi Dinar will not stay at it’s current “value” forever. [post 3 of 3]
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Adam Montana (Dinar Guru) – Here are a couple of very real facts: Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If you know anything at all about Saudi Arabia and Kuwait, you should know that their currency is very valuable and their natural resources are the reason. So, why isn’t Iraq as rich as Saudi Arabia and Kuwait? That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily. Crime and terrorism is lower and lower all the time! And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s “black gold”. [post 2 of 3….stay tuned]
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Adam Montana (Dinar Guru) – This is the question I’ve been seeing a lot lately: “Is it a scam”? In a word – NO. The Iraqi Dinar is an item that has a past, present, and future value. We can put a dollar amount on that value for the past and the present, so the only real question is what the future value will be. If the value raises, you can profit. It’s THAT simple. Keep this in mind when you read anything on the dinar – a savvy speculator must always be able to separate fact, opinion, and distractions. Here are some facts that will help you with this question of whether or not the “Iraqi Dinar” is a scam. The Iraqi Dinar Currency that is used today in Iraq is arguably one of the most sophisticated currencies in the world. The technology that makes it almost impossible to effectively produce usable counterfeit dinar currency is amazing. …what about the “investment” itself? Is investing in the dinar currency a scam? The simplest concept you need to understand when talking about the Dinar Currency is that nobody is going to be able to tell you exactly when it will revalue. But does that mean the Iraqi Dinar Currency hype is a scam? Absolutely not! [post 1 of 3….stay tuned]
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Iraqi Dinar/Dollar auction 02-22-17 (most recent listing)
Currency Auctions Announcement No. 3387
This daily currency auction was held in the Central Bank of Iraq on the 02-22-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 13 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 161,244,975 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 161,244,975 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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firefly (Dinar Guru) – Article: “Include the introduction of modern irrigation systems” Quote: “The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized.” Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil. Agriculture is as great an ASSET as is oil and gold. Iraq is following the IMF requirements to the TEE.
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Kaperoni (Dinar Guru) – …measures need to be in place for the success of the transition from a fixed rate to a float. Just exactly to what extent is yet to be seen. That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar. Just the exposure alone to the world financial system should be enough to create some upward movement in the value.
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Kaperoni (Dinar Guru) – Article: “Raise the price of the Iraqi dinar to the fore again” Seems pretty clear that the author/economists want to raise the value gradually like we have stated over and over. The good news is they say they expect it to start once ISIL is gone. Quote: “The government is expected to return to the project itself after the end of military operations.”
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A Dinar Round Table Call
“with the whole DU Crew!!”
from Tues nite – Feb 21st
Click-N-Listen!!
Smart phone user link – Click here
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BGG (Dinar Guru) – “Headline: Securities recorded an increase of 308% in the number of shares traded last week” (that would be for the ISX)…and 130.7% the week before...it would appear the “chunky money” and investors are feeling more and more secure in their own market place BY THE DAY! [That’s a week over week volume increase.] They know what’s coming. I just hope they leave a little meat on the bone for us. It just shows the mood of the private investor – which is good for us…They aren’t complaining about the “worthlessness of their currency” – they are slingin’ that stuff around like a fat kid chasing ice cream cones!
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firefly (Dinar Guru) – I don’t have a date nor a rate but one thing is for certain, we are standing on the edge of the precipice. And… IT WILL NOT Be A FREE FLOAT LIKE SOME FOLKS SUGGEST. Those that suggest a free float are not very versed on the laws set up by the IMF and the WB a few years ago.
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Loop (Dinar Guru) – Article quote: “the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states,” and expressed hope that “Iraq is essential to attracting capital and center.” Huge step forward to open the doors to the wall of Investors. IT’s right out of article 22 of the Investment Law. Article 22: The foreign investor shall enjoy additional privileges in accordance with international agreements signed between Iraq and his country or multilateral international agreements which Iraq has joined.
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Loop (Dinar Guru) – Article: “Keywords: private banks, their performance distinctive and are satisfied with it” Alak came out today punching the media for misreporting. …he is saying…out of 60 private banks only 2 or 3 are not where they should be and they are currently work with them to correct this. …ealier in the week a MP on the finance committee came out with the figure that the CBI reserves are 40 billion dollars and Alak came out today saying that the reserves are 49 billion dollars and that they are well within international accepted standards. In addition they…the reserves cover the local currencies by a “large margin”. It’s important to note that most countries in the world only have enough reserves to cover their currency by 10%. Iraq can currently cover their currency by over a 100%.
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Breitling (Dinar Guru) – What’s the deal with the math with Iraq? Take a look at this…look at their economy now. How much oil are they producing compared to how many people they have and the market prices. Now go look before the first gulf war. They are producing more. There are more people in the world buying oil so the whole thing is bigger. But their currency is at a tenth of a penny? You think that’s the market rate? Are you blind? This is for the people who are not in this investment…how blind are you? Obviously the currency is artificially held down…Go by the math. All the math is there. All the proof is there. You don’t need to have doubts. The question is, when is this going to happen? Everything I talk about is based on principle..it’s the numbers…It’s everything. Fortunately, I didn’t come up with those numbers. Guess who came up with those numbers? The Ministry of Finance. The Ministry of Planning. The parliament. the CBI. That’s what you need to worry about.
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BGG (Dinar Guru) – “the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states,” and expressed hope that “Iraq is essential to attracting capital and center.” …the agreement represents an important signal to the international arena… BOOM!! they are providing assurances, protections and a way in and out for international investors. these are CRITICAL items to the freedom of movement of capital in and out of Iraq. [The agreement was signed at the United nations.] yes, which BTW…was more than a little shocking to me. It appears the UN is much more involved I imagined.
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Ebadi: I did not understand Nuri al-Maliki orders the withdrawal of three teams from Mosul
Treasures Media – Follow-up – Iraqi Prime Minister Haider al-Abadi, who now leads the battle to liberate Mosul that so far did not understand why gave orders that day Iraqi Prime Minister Nuri al-Maliki of the three divisions of the Iraqi army to withdraw from Mosul, leaving their weapons and tanks to Daesh withdrawal and to come to Baghdad, he said…
More: http://dinarupdates.com/blog/
Loop ~ What is very encouraging about what is going on with regards to Maliki is that there is a common narrative that is being presented via the media. That is that the reason that Iraq is in the current financial crisis is because of the actions of Maliki. He stole the lions share of the money, he killed or jailed anyone who opposed he, and he allowed Daesh to take over Mosul. IMO.. There is much more to the meeting in Geneva between Abadi and the representatives from the International Criminal Courts (Hague).
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wmawhite (Dinar Guru) – Article quote: “the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states,” and expressed hope that “Iraq is essential to attracting capital and center.” This shows that the GOI has been signing agreements/conventions that we never knew about. The GOI has been doing this because they do not require the Parliament consent to do so. HUGE…well as important bilateral and international conventions signed by Iraq and the number of States”… And where was this announcement made? the United Nations…The agreement was signed at the United nations.
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BGG (Dinar Guru) – …much of the expectation we’ve all had – was directly inspired by Abadi and Alak. They are the ones telling us when they were going to “start the project”… whatever “delay” Alak commented on – seems to drawing to a close…the delay – appears to be the handling of Mosul. They expected this done sooner – it wasn’t… looks like now it is. That’s the key – AND, I fully expect some very good news coming out of Mosul this coming week.
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BGG (Dinar Guru) – [...is HCL land boundries and alotment for oil?] HCL is (generally) referrred to as “The Hydro-Carbon Law” – AKA H.C.L. there are several variants. for a true HCL – it is possible they need to solve Article 140 – which will require a truely accurate census… (none of which will happen soon)…now – here’s the good news…They have managed to “side-step” this whole issue by regularly “codifying” something of an HCL agreement in each and every annual budget…since 2015? HCL isn’t so much land boundaries as it is – WHO GETS WHAT… in simplest terms…how much each bunch gets. But…they have handled it – in more of a technical “end around”… […always heard no hcl no reval.] Let me help you – that’s bull ****.
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Iraqi Dinar/Dollar auction 02-21-17 (most recent listing)
Currency Auctions Announcement No. 3386
This daily currency auction was held in the Central Bank of Iraq on the 02-21-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 13 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 163,992,777 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 163,992,777 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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BGG (Dinar Guru) – Article: “Iraq joins the transparency in the arbitration agreement between investors and states” Oh wow – they are REALLY BEATING THIS DRUM right now… Once international investment has both and way in and a way out – you can have “freedom of movement of capital” – AKA TRUE EXCHANGE…then the IQD will be able to move freely as well. They may not be “there” just yet, but they aren’t far off. [You mean freedom as in some form of FREE MARKET ECONOMY!] in every sense of the word.
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Loop (Dinar Guru) – Investors will not come to Iraq in any meaningful way until they are sure that they can get their initial investments and profits out of Iraq whenever they choose to do so. Investors coming into Iraq is a major part to ensuring that Iraq realizes it’s vision of being one of the riches countries in the world… Now for the million dollar question. Is the investment law needed prior to an increase the purchasing power of the dinar? IMO…NOT HAVING THE INVESTMENT LAW PASSED WILL NOT STOP THEM FROM AN RV…HOWEVER IT DOES HAVE TO HAPPEN SHORTLY THERE AFTER IF THEY WANT THE WALL OF INVESTMENT CAPITAL TO COME IN A SUPPORT THE MOVE OTHERWISE THEIR ECONOMY MOST LIKELY WOULD FALTER…HUGE PIECE OF NEWS! [post 2 of 2]
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Loop (Dinar Guru) – Article: “Iraq joined the Convention on the transparency between investors and states” Quote: “National Investment Commission announced on Wednesday it had signed an agreement on transparency in the arbitration treaty-based investor-State in 2014 at the United Nations headquarters in New York.” What is very encouraging about…this article, is that it indicates that some of these international and bilateral agreements have already been signed. Which is right in line with Article 22 of the Investment Law…this is a very big tell. Why on earth would they even bother with these agreements unless they had every intention of needing them in the near future? [post 1 of 2….stay tuned]
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Merkel Ebadi: We will send a special envoy to Iraq to support the “economic reform”
Roudao – Erbil – informed German Chancellor Angela Merkel , Iraqi Prime Minister Haider al – Abadi, Saturday, sending a special envoy to Baghdad in the coming days to support the “economic reform” plans.
He said al – Abadi ‘s office in a statement, that ” the Prime Minister Haider al – Abadi and German Chancellor Angela Merkel held in Munich today for a bilateral meeting and the meeting of joint talks, has been , during which the review of the advanced level reached by the relations between the two countries and the results of liberalization of Nineveh operations and supporting Iraqi troops and pay tribute to the sacrifices of Iraqis, as well as the reform program of the Iraqi government and issues of common interest in the region Search. ”
Merkel stressed, according to the statement, “her country ‘s commitment to the unity of Iraq and supporting Germany continuously both directly and through NATO will expand in the field of military support,” praising ” the cleanliness of the battle and respect for human rights and the protection of civilians by Iraqi forces.”
Merkel said she instructed to “send a special envoy to Iraq in the coming days to support the government ‘s economic reform plans.”
The Prime Minister Haider al – Abadi, arrived on Friday to Germany to participate in Munich Security Conference.
BGG ~ SWEET!! When is this happening?? ASAP!!
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BGG (Dinar Guru) – Article: “Iraq joins the Convention on transparency between investors and the States” (the vitally important paragraph…) …”Iraq has issued a number of legislation that works to protect the investor and capital to do business in the country, at the forefront of investment law number 13 year 2006 and amendments which carries a lot of features and protection for investors, as well as important bilateral and international conventions signed by Iraq and the number of States”… I don’t think I can stress enough – how important this is…and it may not IMMEDIATELY = what your timeline “wants” are – but it is BIG NEWS. Likely, THE TURNING POINT… Read that last paragraph again… (and again) – This may be THE NUMBER ONE piece of Dinar News “pre-RV”. I have been looking for a couple of important pieces to fall into place, this is one of the top 2 or 3…HANG ON!
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Aggiedad77 (Dinar Guru) – …Prime Minister Haider Abadi, the Iraqi in Munich Security Conference…What message was VP Pence delivering to Abadi, likely IMO coming straight from President Trump…those are the true nuggets of this trip…will Abadi head back to Baghdad tonight on his own personal red-eye flight…has he been given the green light from the leader of the free world…to step Iraq into a new realm…That is what I watch for…it is coming…IMO.
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Breitling (Dinar Guru) – …Do you think President Barak Obama, President George Bush Jr., President Bill Clinton and President Trump and can get together and deem these note this value and then all of a sudden they are worth a buck? If you think they can do that and have the power to do that then you’ll buy anything. That’s not how it works. They still have to reduce the note count no matter what. No country in the last 100 years has gone outside those principles. This is very easy to follow. [Post 2 of 2]
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Iraqi Dinar/Dollar auction 02-19-17 (most recent listing)
Currency Auctions Announcement No. 3384
This daily currency auction was held in the Central Bank of Iraq on the 02-19-2017
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$) | 162,651,992 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 162,651,992 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.
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