{"id":15085,"date":"2018-02-14T08:34:15","date_gmt":"2018-02-14T14:34:15","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=15085"},"modified":"2018-02-14T17:52:32","modified_gmt":"2018-02-14T23:52:32","slug":"dinar-observer-daily-feb-14th-3","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=15085","title":{"rendered":"DINAR OBSERVER DAILY \u2013 Feb. 14th"},"content":{"rendered":"

Iraq is ready to reform the financial and economic sectors<\/strong><\/span><\/h1>\n

Economy News Baghdad:<\/strong> UN Secretary-General Antonio Guterich said Iraq was ready to reform the financial and economic sectors.<\/p>\n

Guterich said in his speech to the Iraq reconstruction conference held in Kuwait and followed by “Economy News,” that “the United Nations development programs operating in 25 areas of Iraq to help Iraqis and develop their reality of living.”<\/p>\n

“The United Nations launches a grant program that helps repair infrastructure, improves daily life and helps improve economic reforms and revitalize areas that have been damaged,” he said.<\/p>\n

Read More:\u00a0http:\/\/www.dinarupdates.com\/showthread.php?56261-Iraq-is-ready-to-reform-the-financial-and-economic-sectors<\/a><\/strong><\/em><\/p>\n

(Special Thanks to Loopster for sharing research)<\/strong><\/em>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0Article:\u00a0 “United Nations: Kuwait Conference stunning proof of the confidence in the government and the people of Iraq<\/em>“<\/strong>\u00a0\u00a0 Quote:\u00a0 “Iraq is on the right track and the international community has shown its confidence in Iraq<\/strong><\/u>, which is very important , a good news<\/em>”\u00a0\u00a0 A very good sign.<\/strong>
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Central Bank of Iraq Auctions $182,320,645 on 14 February 2018<\/span><\/h1>\n

Baghdad (IraqiNews.com)<\/strong> The Central Bank of Iraq (CBI) currency auction on February 14 registered $182,320,645 in sales, a -5.98% volume decline from the US $193,912,578 sold by Iraqi Dinar, credit and transfer at the previous auction held on February 13.<\/p>\n

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on February 14 compared to the previous auction.<\/p>\n

Data for the February 14 auction was made public by CBI Announcement Number 3635.<\/p>\n

Dollar sales in the in the period January 1, 2018 to February 14, 2018 saw an increase of -1% compared to the sales of US $4.75 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.<\/p>\n

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.81 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.<\/p>\n

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Read More: http:\/\/www.dinarupdates.com\/showthread.php?56268-Central-Bank-of-Iraq-Auctions-182-320-645-on-14-February-2018&p=181224#post181224<\/a><\/strong><\/em>
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Mnt Goat\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0Today is the third day of the Donor Conference. So the RV did not happen by Sunday, as expected. The conference has started on Feb 12 and will run until Feb 14th. What next?\u00a0\u00a0I can see we can expect more of the same investment strategy for Iraq. The news now is all about investing in Iraq and part of that investment is the rebuilding of Iraq and moving it to a \u201cmarket economy\u201d driven by the private sector<\/strong>.\u00a0\u00a0We must think of the Donor Conference in Iraq as a piece to the puzzle for accomplishing these goals.<\/strong>\u00a0 [post 1 of 3….stay tuned]<\/span>
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Mnt Goat (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Iraq has had many investment seminars over these 11 years since I have been in this investment.\u00a0Why is this one so important<\/em>?\u00a0\u00a0It is important due many reasons:\u00a0<\/span>1) PM Abadi at the helm (political stability)\u00a0\u00a0<\/span>2) Honest intent to move forward (banking and financial reforms in place)\u00a0\u00a0<\/span>3) Investment laws in place allowing investors to come in\u00a0\u00a0<\/span><\/strong>The investment law and its amendments are yet more pieces to the puzzle and were the banking reforms.<\/strong>\u00a0So you can see each step they make brings them yet closer and closer to an economy that can grow.\u00a0\u00a0But when will the economy take off?<\/em>…\u00a0\u00a0 [post 2 of 3….stay tuned]<\/span>
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Mnt Goat (Dinar Guru) –<\/span><\/strong>\u00a0 Some believe they must first reconstruct the cities and allow businesses to come back in. I do not know the answer but if we THINK for a second,\u00a0we can see that all they really need is to get to a point where they can guarantee that the launching of their new currency will not crash and they can maintain the rate<\/strong>. This is the extent they need. Personally,\u00a0I believe that if they pulled the trigger today they would be just fine. I am saying this because their overall economy is now much better than prior to 1991 invasion. So could they technically trigger and survive? Yes, I believe they could.<\/strong>\u00a0 [post 3 of 3]
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