{"id":11920,"date":"2016-01-26T22:26:22","date_gmt":"2016-01-27T04:26:22","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=11920"},"modified":"2016-01-26T23:06:32","modified_gmt":"2016-01-27T05:06:32","slug":"dinar-observer-daily-jan-26th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=11920","title":{"rendered":"DINAR OBSERVER DAILY Jan 26th"},"content":{"rendered":"

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.<\/strong><\/span><\/p>\n

Word for the day…<\/em><\/strong><\/h1>\n

James 1:3-4 (NKJV)<\/span><\/h1>\n

3 knowing that the testing of your faith produces patience. 4 But let patience have its perfect work, that you may be perfect and complete, lacking nothing.<\/p>\n

Heavenly Father, Thank You that You are the Author and Finisher of our faith! Thank You for the work You are doing through the Holy Spirit in the Body of Christ. Thank You for Your patience \ud83d\ude42 In Jesus Name, Amen.<\/em><\/h2>\n

Mrs. BGG<\/em><\/h1>\n

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CURRENCY CODE SELL BUY
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Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing<\/span><\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
CURRENCY<\/td>\nCODE<\/td>\nSELL<\/td>\nBUY<\/td>\n<\/tr>\n
US dollar<\/td>\nUSD<\/td>\n1182.000<\/td>\n1180.000<\/td>\n<\/tr>\n
Euro<\/td>\nEUR<\/td>\n1277.506<\/td>\n1276.867<\/td>\n<\/tr>\n
British pound<\/td>\nGBP<\/td>\n1689.314<\/td>\n1688.470<\/td>\n<\/tr>\n
Canadian dollar<\/td>\nCAD<\/td>\n835.277<\/td>\n834.859<\/td>\n<\/tr>\n
Swiss franc<\/td>\nCHF<\/td>\n1167.753<\/td>\n1167.170<\/td>\n<\/tr>\n
Swedish krona<\/td>\nSEK<\/td>\n137.801<\/td>\n137.732<\/td>\n<\/tr>\n
Norwegian krone<\/td>\nNOK<\/td>\n134.922<\/td>\n134.855<\/td>\n<\/tr>\n
Danish krone<\/td>\nDKK<\/td>\n171.200<\/td>\n171.115<\/td>\n<\/tr>\n
Japanese yen<\/td>\nJPY<\/td>\n10.034<\/td>\n10.029<\/td>\n<\/tr>\n
Special
\nDrawing Rights<\/td>\n		SDR<\/td>\n1630.214<\/td>\n1629.399<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Indicative rates – 01.26.2015<\/strong><\/h2>\n

http:\/\/www.cbi.iq\/<\/a><\/strong><\/em><\/h2>\n

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No great thing is created suddenly. – Epictetus<\/span><\/span><\/span><\/em><\/h1>\n

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*** Current Posts ***<\/h1>\n

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Breitling –\u00a0<\/span><\/strong>Does the IMF control the situation in Iraq with their currency because of the loan they gave out?<\/strong>\u00a0 So I started doing my research to look at any article that came out\u2026Come to find out there is none.\u00a0 There is nothing out there that says anything<\/span><\/strong>\u2026That\u2019s why we go by the numbers.\u00a0 What the IMF can do and the way they\u2019re structured\u2026\u00a0 The IMF gives out loans to emerging economies or economies that are in emergency.\u00a0\u00a0Let\u2019s say Iraq\u2019s plan is to get to a buck (that\u2019s true by the way, their plan is to get to $1.17)<\/strong>\u00a0well the IMF because of the management rights they have because of the loans\u2026if they needed to add value to that currency to get their loan back it\u2019s only a small percentage like 26-27%\u00a0<\/span><\/strong>and even more any country they get involved with it\u2019s almost the same formula they use with every country\u2026 [Post 1 of 2 stay tuned for the rest of the IMF and Iraq story…]
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Frank26 –\u00a0<\/span><\/strong>The IMF is working with Dr. Shabibi…the IMF is working with the CBI.\u00a0 …from the IMF…\u201dThe Government Will Gradually Remove Remaining Exchange Restrictions and Multiple Currency Practices with a View to Eliminate Rate Distortion<\/em>\u201d…come on man…how much clearer can that be...<\/span>the government will gradually remove remaining exchange restrictions<\/span>…those things are preventing us from moving from a program rate to an international rate\u2026<\/strong>
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SteveI –<\/strong>\u00a0<\/span>[there sure has been some very telling articles about what Iraq is doing and how they are doing it to join the globe…along with how they will back their currency…its as if they are driving the field for a touchdown and they are now on the 10 yard line…lets do this Iraq<\/em>.] \u00a0\u00a0Great analogy, as long as there is no fumble or interception on the final few plays.\u00a0\u00a0The finish line is near!<\/span><\/strong>
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\u201cRound Table\u201d Dinar Call!!<\/strong><\/span><\/h1>\n

\u201cfor Dinar News \u2013 that MATTERS!!\u201d
\nfrom – 01\/26 – @ 3:30pm CST<\/span><\/strong><\/em><\/span><\/h1>\n

Smart phone user link \u2013 Click here<\/a><\/strong><\/h2>\n

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wmawhite –\u00a0<\/span><\/strong>“how close are we<\/em>?”\u00a0\u00a0\u00a0…the IMF told you how close you are<\/strong>.\u00a0\u00a0[THIS CAN GO AT ANY TIME<\/em>?]\u00a0\u00a0<\/span>Yes, at any time<\/span>.\u00a0\u00a0\u00a0<\/strong>…every day we read where Iraq is not waiting…they are doing\/accomplishing those items that must be done prior to entering the markets.\u00a0Again, IMO. there is not waiting, there is no delay, it is coming.<\/span><\/strong>
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SteveI –\u00a0<\/span><\/strong>[Looks like things are moving in Mosul? Is that still the key<\/em>?]\u00a0\u00a0For the most part, yes. The country has to be secure.<\/strong>
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rcookie –\u00a0<\/span><\/strong>THEY ARE FIGHTING THE BIGGEST WAR ON TERRORISM IN HISTORY OF MANKIND… IMPLEMENTED COMPREHENSIVE SOCIAL…POLITICAL AND ECONOMIC REFORMS AT ALL LEVELS…IMPLEMENTED…SALARY LADDER…HIRING FREEZES…SUBSIDY CUTS …TARIFF IMPLEMENTATION…AND ALL AMIDST A MAJOR PRICING CRISIS TO OIL…AND MAINTAINED 2.3 % INFLATION WITH AN NON EXISTENT CURRENCY VALUE…WHAT THEY HAVE DONE…ALL UNDER SEVERELY ADVERSE CONDITIONS IS NOTHING SHORT OF REMARKABLE<\/span>.<\/strong>
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Backdoc –\u00a0<\/span><\/strong>ABOUT 3 OR 4 DAYS AGO, IRAN SAID THEY WOULD NOT LAUNCH OR RE-ENTER THE WORLD WITHOUT IRAQ BECAUSE IT WOULD CAUSE A TRADE IMBALANCE! THIS MEANS THEY ARE ADHERING TO \u201cTHE DEAL\u201d.\u00a0\u00a0WE SEE IRAN STATE THAT IN A WEEK OR TWO THEY WOULD BEGIN TO RE-ENTER THE WORLD SLOWLY!\u00a0\u00a0ISN\u2019T IT INTERESTING THAT 2 WEEKS FROM TODAY [MONDAY 1-25-16] \u00a0IS THE 8TH?<\/span><\/strong>\u00a0\u00a0<\/span>ONCE THEY START, THEY SAID IT WOULD TAKE A LITTLE LESS THAN A MONTH!<\/span>\u00a0<\/strong>\u00a0 \u200bIF IRAN AND IRAQ BOTH LAUNCH WITH OTHER SIGNIFICANT CURRENCIES LIKE THE DONG AND RUPIAH (WHICH THEY WILL), THEY WOULD BE IN COMPLIANCE FOR WTO INDUCTION IN JUNE!\u00a0 [post 2 of 2]
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Iraqi Dinar Currency to be Powerful to Enter in the Global Currency Markets<\/strong><\/span><\/h1>\n

\"cdsfwefwgefyuyufgwerere\"<\/a>Osama Mehmoud,<\/strong> the global stock representative in Iraq stressed about the importance of integrative laws and economic action of law making. He also pointed out that linking the Iraqi dinar currency to the global economy has its own importance. The Iraqi currency should achieve its value against the global currencies. It would allow in providing more power to the economic process in the country. He further added in his press interview that current economic condition in Iraq needs more care. He pointed out that most of the laws related to the Iraqi economy are still need to get regulations for the economic management in the economic sector, according to the formula. The process in trade and economy are following an open economy as it is called market economy.<\/p>\n

He further added that it would improve the economic management that would produce an uncertain economy. There are many industrialized nations depending on the open market that implemented the processes of production and the theory of import and export. The commercial exchange process between a numbers of companies should adopt a unified economic system. He gave an example of Iraqi economic reality that is continuously depending on letters of guarantee issued to the traders to manage the operations of import of goods. It is showing the limitations to the Iraqi verbal disapproval within the banks. It is also stopping to spread the Iraqi dinar currency into the international markets. As a result, the Iraqi dinar value decreased and unable to trade outside the Iraq. He stressed that importance of presenting the Iraqi dinar currency in the global currency markets.<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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Backdoc –\u00a0<\/span><\/strong>…THE IMF GAVE A WINDOW FOR THE DINAR\u2019S COMPLETION TO BE BETWEEN NOW AND JUNE!\u00a0 WE ALL REALIZE THAT BOTH IRAQ AND IRAN WANT AND EXPECT TO BE INDUCTED INTO THE WTO THIS YEAR.\u00a0THE REALITY IS,\u00a0THEY NEED AN INTERNATIONAL CURRENCY\u00a0FOR 90 DAYS PRIOR TO INDUCTION IN JUNE<\/span>! \u00a0…THE DECISION FOR INDUCTION IN JUNE, HAS TO BE MADE IN MAY,\u00a0THEREFORE, THERE HAS TO BE AN INTERNATIONAL CURRENCY 90 DAYS PRIOR TO DECISION TIME! BINGO!\u00a0 BACKING UP FROM MAY 90 DAYS PUTS US SOMETIME IN FEBRUARY!<\/span><\/strong>\u00a0 [post 1 of 2….stay tuned]
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Millionday –<\/span><\/strong>\u00a0AN ECONOMIC FORUM HAS GONE ON WITH MANY INTERNATIONAL LEADERS AND ABADI WAS THERE.\u00a0 HE IS NOW BACK.\u00a0 HE MADE A SPEECH THERE THAT IS HUGE.\u00a0\u00a0ABADI HAS TOLD THE NEW HEAD OF THE EU MISSION [European Union] THAT IRAQ IS READY TO MOVE FORWARD WITH ECONOMIC AGREEMENTS MADE.<\/span>\u00a0<\/strong>\u00a0 …THIS IS HUGE TO MOVE FORWARD WITH BANKING AND CONTRACTS INTERNATIONALLY.
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Kaperoni (Dinar Guru) –\u00a0<\/span><\/strong>Article quote:\u00a0 “this agreement is a great success of the association and will open us the doors of cooperation with the European Union and US Treasury<\/em>”\u00a0\u00a0 IMO, this is a clear sign that the CBI will move to Article VIII soon.\u00a0 Freedom of movement of capital cannot happen without it<\/strong>…and the UST and EU are part of that.
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wmawhite (Dinar Guru) –\u00a0<\/span><\/strong>[…what comes first the rate or article 8…<\/em>?]\u00a0\u00a0Iraq\/CBI can change their rate today and if they do not have Article 8 there isn’t two banks anywhere in the solar system that would touch the IQD.<\/strong>
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Millionday –\u00a0<\/span><\/strong>“President of the World Bank pointed out that “the success of Iraq is important to the whole world and they are ready for all that Iraq needs support in the experience<\/span>.<\/em>”\u00a0\u00a0THE WORLD BANK IS ON BOARD TO PUSH FORWARD WITH IRAQI REFORMS<\/strong>\u00a0— THAT IS LIKE MUSIC TO MY EARS…UNDERSTAND THIS IS THE PRESIDENT OF WORLD BANK — THE PRESIDENT.<\/strong>\u00a0 OBVIOUSLY A LOT IS RIDING ON THIS AND WE ARE RIDING ON SKIRT TAILS — …THIS STATEMENT IS HUGE.
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\"!cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA\"<\/a>Be sure to join the New Dinar Updates “private” FaceBook Group…<\/strong><\/span><\/h2>\n

https:\/\/www.facebook.com\/groups\/571383766355188\/<\/a><\/strong><\/em><\/p>\n

(go here and ask to join… then add some Dinar Friends!!)<\/strong><\/p>\n

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Hub (Dinar Guru) –\u00a0<\/span><\/strong>facts: the dinar is not a tradeable currency because of sanctions by the United Nations,\u00a0<\/strong>fact: the dinar is considered an exotic currency by money trading business concerns world wide, yes we bought em, but use em for purchases and see how that goes… fact: the dinar was given a non tradable value to punish iraq for actions toward kuwait. … fact: all countries surrounding iraq have a tradable currency with a value equal to the resources of the country…\u00a0fact: iraq has been relieved from most sanctions issued by the UN…. fact: the last one , chapter 8 requires a currency revaluation equal to the value of resources of the country.<\/strong>.. fact iraq is considered to be one of the richest countries in the world. …\u00a0summation is iraq is to obtain a currency equal to the ability of the resources purchasing value in the world economy<\/strong>…in other words, how much work has to be done to buy a coke
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Mnt Goat (Dinar Guru) –\u00a0<\/span><\/strong>I want to say one more time we will not see any significant value increase in the dinar unless certain laws and conditions are met.\u00a0One of those conditions is the cleaning up of the CBI. I firmly believe that Dr Shabibi must be back in the CBI and it must be announced publicly that he is at the helm \u201cofficially\u201d once again<\/strong>. From everything I am hearing from my CBI contact the USA is very angry that this has not yet already happened. They have also sent legislative consultants to assist in streamlining the parliamentary process and so keep asking what is the hold up in passing of the few last remaining needed laws.\u00a0 As far as any progress on currency reform process we all know that the USA, WTO and the IMF want the lower denominations launched, like yesterday…\u00a0\u00a0We know that once they do launch the lower denominations their must be a 1:1 par with the US dollar for inflation adjustments first, then later a full scale RV is planned at a much higher rate (pre-war plus equity).<\/strong>
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rcookie –\u00a0<\/span><\/strong>Article quote:\u00a0 “…the bank” is long overdue to make the exchange rate adapts to the size of the deficit in the public budget…<\/em>”\u00a0 CBI IS LONG OVERDUE TO MAKE EXCHANGE RATE ADAPT TO THE SIZE OF DEFICIT IN PUBLIC BUDGET…IF THEY CONTINUE TO POSITION DINAR AGAINST DOLLAR AT SAME RATE THERE ECONOMY WILL COLLAPSE…HOW DO YOU LOOK FOR INT’L INVESTMENT…WITH A SUPPRESSED NON COMPETITIVE DINAR RATE.<\/span><\/strong>
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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

\"\"<\/a>Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Wednesday evening at 7:30pm EST!!<\/span><\/strong><\/h2>\n

www.DinarUpdates.com<\/a> – save as favorite!!<\/strong>
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Mnt Goat (Dinar Guru) –\u00a0<\/span><\/strong>Article quote:\u00a0 “the Prime Minister met today, World Bank President Jim Yong Kim and his entourage, were discussed during the meeting of the World Bank for Iraq SUPPORT EXPERTISE AND SIMPLIFICATION OF PROCEDURES AND ASSISTANCE FOR THE REFORM OF THE BANKING SYSTEM<\/em>\u201d.\u00a0\u00a0 Now we hear news of Prime Abadi on Wednesday participating in the Davos World Economic Summit in Switzerland and meeting with the WTO president Jim Yong Kim.\u00a0\u00a0The GOI is moving towards a global economy but there are procedures and banking practices that need to first be in place. \u00a0\u00a0I can\u2019t give you an exact date but I will say that Abadi is moving aggressively in this direction and it will not be long.<\/span><\/strong>
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rcookie –\u00a0<\/span><\/strong>HAVENT YOU BEEN LISTENING WHEN WE SHOW YOU HOW WELL IRAQ HAS PERFORMED AGAINST OTHER NEIGHBOR COUNTRIES IN SPITE OF WAR…COMPREHENSIVE REFORMS… RAMPANT CORRUPTION AND LESS DIVERSE ESTABLISHED ECONOMY…\u00a0THE BIGGEST INDICATOR OF IRAQS ECONOMIC DISPOSITION…THE IMF LETTER OF INTENT…FINANCIAL & ECONOMIC MOU…AND TECHNICAL MOU….WHICH IS IRAQS REPORT CARD FROM IMF AGAINST TASKS…THEY ARE NOT ONLY PASSING WITH FLYING COLORS…THEY ARE ON THE HONOR ROLL!<\/span><\/strong>
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BGG –\u00a0<\/span><\/strong>it would appear there are some miffed the GOI seems intent on moving the IQD higher… maybe they should all listen to the IMF?\u00a0\u00a0\u00a0if that’s what the IMF wants – it’s probably good for them…if they happen to be the center-piece of the IMF’s “restart” of the global economy – it will probably be good for them<\/strong>… just sayin’
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\"Dinar<\/a><\/p>\n

Iraqi Dinar\/Dollar auction (most recent listing) 01-25-15\u00a0<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3122<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 01-25-2015<\/p>\n

The results were as follows:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
DETAILS<\/td>\nNOTES<\/td>\n<\/tr>\n
Number of banks<\/td>\n27<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n21<\/td>\n<\/tr>\n
Auction price selling dinar \/ US$<\/td>\n1182<\/td>\n<\/tr>\n
Auction price buying dinar \/ US$<\/td>\n—–<\/td>\n<\/tr>\n
Amount sold at auction price (US$)<\/td>\n162,157,679<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n162,157,679<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/observer\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em>
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Frank26 (Dinar Guru) –\u00a0<\/span><\/strong>Article:\u00a0 “…Iraq refuses to label as “bankrupt the country” and says that in 2016 the “Year of compromises” Iraq and the region…”\u00a0<\/span>\u00a0<\/span>\u00a0<\/span>\u00a0IRAQ IS ON THE VERGE OF DECLARING BANKRUPTCY IF THEY DON’T MOVE FASTER<\/span>…<\/strong><\/p>\n

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Millionday –<\/strong>\u00a0<\/span>“Iraq has signed today a cooperation agreement with the Union of Arab Banks…<\/em>”\u00a0\u00a0THIS IS A SIGNED AGREEMENT IN ALL ITS FORMALITY\u00a0\u00a0IRAQ IS MOVING ECONOMICALLY TO THE INTERNATIONAL MARKET<\/strong><\/span>\u00a0— BANKING IS MOVING AND DEVELOPING —\u00a0THIS IS SIGNED SEALED AND DELIVERED —\u00a0FORMAL AGREEMENT<\/span>.\u00a0\u00a0 IMO WE ARE VERY CLOSE TO ARTICLE 8 AS A RESULT OF ALL THE ACTUAL ACTION IRAQ IS TAKING.<\/strong>\u00a0 IN ARTICLE 8 THEY CAN MOVE FORWARD WITH MONITORING TO THE INTERNATIONAL MARKET AND TRADE ETC. \u00a0[do you think Article 8 and a rate change will happen at the exact same time<\/em>?]\u00a0\u00a0I THINK IT IS A RESULT — YES.\u00a0\u00a0<\/strong>
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wmawhite (Dinar Guru) –\u00a0<\/span><\/strong>The fact that Iraq Airways\/Airline is being opened for foreign investors is proof that the restrictions are moved\/being removed.<\/strong><\/span>[so they are removing the restrictions so they can have currency exchange?<\/em>]\u00a0\u00a0If you have one you have to have the other.\u00a0\u00a0It is the Investment Law that they amended is providing this great change in Iraq<\/span><\/strong>.\u00a0 \u00a0[SO IT COULD BE A TIMING ISSUE?<\/em>]\u00a0\u00a0It is in keeping with what we know…IMF expectations…1st half of 2016<\/span>.\u00a0<\/strong>\u00a0 [post 2 of 2]
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\u201cRound Table\u201d Dinar Call!!<\/strong><\/span><\/h1>\n

\u201cfor Dinar News \u2013 that MATTERS!!\u201d
\nfrom 01\/22 – 8:30pm CST<\/span><\/strong><\/em><\/span><\/h1>\n

Smart phone user link \u2013 Click here<\/a><\/strong><\/h2>\n

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wmawhite (Dinar Guru) –\u00a0<\/span><\/strong>What are the two most important items the CBI\/GOI must accomplish before there is any change in the value of the IQD?\u00a0 …and are doing?\u00a0\u00a0Straight from the IMF…here it is: “The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions<\/span>.<\/em><\/strong>”\u00a0 Now…how do we know for a FACT they are accomplishing these items?\u00a0\u00a0Investment proceeds…that is foreign investment…money coming into the country and the ability to leave the country.<\/strong>
\n[post 1 of 2….stay tuned]
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firefly (Dinar Guru) –\u00a0<\/span><\/strong>Iraq IS a special circumstance. Can’t compare it to China or any other country.\u00a0\u00a0Remember, Iraq never lost it’s value. It was shut down by the UN and in limbo since<\/strong>.\u00a0 [un has a duty to restore what they devalued…i read that somewhere<\/em>.]\u00a0\u00a0\u00a0BINGO!\u00a0<\/strong>\u00a0 but it was not devalued, it was simply shut down at the request of the US.
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Poppy3 –\u00a0<\/span><\/strong>…THE RV WILL HAPPEN IMMEDIATELY WHEN EVERYTHING WITH FINANCIAL REFORM HAS BEEN COMPLETED.\u00a0<\/strong>THE STATEMENT THE IMF MADE ABOUT THE FIRST HALF OF THIS YEAR DIDNT MEAN TILL JUNE\u00a0IT MEANT THE FIRST HALF OF 2016 AT ANYTIME<\/strong>.\u00a0\u00a0 WE KNOW THAT ALMOST A YEAR AGO THEY APPLIED FOR FULL MEMBERSHIP TO THE WTO. WE ALSO KNOW IT WAS SAID IT TAKES A MINIMUM OF 5 MONTHS TO COMPLETE THE PROCESS BUT WHAT WE DON’T KNOW IS HOW FAR THROUGH THE PROCESS THEY ARE?\u00a0\u00a0\u00a0MY THOUGHTS ARE FROM THE PROGRESS OF GREAT NEWS LIKE THE POSTING OF THE BUDGET TELLS ME THEY ARE IN THE URGENT MODE AND ALL NEED COMPLETION.<\/strong>\u00a0KEEP YOUR EXPECTORS ON WE MAY BE ENTERING THE PROMISEd LAND…
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tlm724 (Dinar Guru) –\u00a0<\/span><\/strong>The annual report issued by the International Monetary Fund in late 2015 reported that Iraq has reserves of gold of 89.8 tons, ranking it 37th worldwide and fifth Arab world<\/strong><\/span>, and at the same time,\u00a0specialists believe that the rise in precious metal reserves in the central bank supports foreign investor confidence in the currency and investment in Iraq.<\/strong>
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