Posts Tagged ‘Dinar’

The need to identify measures to address the fluctuation of the exchange rate of the Iraqi dinar

Suhail emphasizes the need to identify measures to address the fluctuation of the exchange rate of the Iraqi dinar against the dollar

Monday, May 13 / May 2013 10:47

{Baghdad: Euphrates News} chaired by First Deputy Chairman of the House of Representatives Qusay al-Suhail meeting of the Finance Committee at its headquarters in the presence of the central bank governor Abdul Basit Turki, Chairman of the Committee and its members.

He stressed Suhail in a press statement received by the agency {Euphrates News} a copy of it on Monday, “the need to determine the procedures and things to ensure taken by the management of the central bank to address the fluctuating exchange rate of the Iraqi dinar against the dollar,” stressing “the Read more…

Procedures to maintain the value of the Iraqi dinar

Procedures to maintain the value of the Iraqi dinar

05/13/2013 12:00 AM

BAGHDAD – Alaa al-Tai
proceeded CBI measures Links to reduce the fluctuation of the currency, and the province of the Iraqi dinar on its value against the dollar. coincides these measures with the reassurance of the Finance Committee parliamentary citizens about Iraq’s possession of up cash great deal of hard currency Ihsnh from any repercussions of a surprise.
The chairman of the Finance Committee parliamentary Haider al-Abadi told the “Center Brief for the Iraqi Media Network,” on Sunday, the status of Read more…

Iraqi Dinar Guru predictions/guesses! 5-12-2013

Iraqi Dinar Guru predictions/guesses! 5-12-2013

5-12-2013 Intel/Newshound Guru Poppy3 WITH ALL THE COUNTRY LINING UP TO REMOVE MALIKI I THINK IT WILL GET DONE. TIMING IS NEVER EASY TO PREDICT IN IRAQ AS ALL OF YOU KNOW. I EXPECT IN JUST A COUPLE WEEKS OR LESS WE WILL KNOW A LOT MORE ABOUT HOW SERIOUS THEY ARE ABOUT STANDING THEIR GROUND. REPORT OF HIM BEING ILL ARE VERY QUESTIONAL AT BEST. I AM SURE UNDER THE PRESSURE HE IS UNDER HE COULD HAVE SOME SICKNESS . I KNOW WE HAVE A WINNER OF GREAT PROPORTION AND ONLY TIME IS IN OUR WAY…POPPY3 Read more…

Currency auction sales in Central exceed $ 196 million at today’s meeting

Currency auction sales in Central exceed $ 196 million at today’s meeting

Sunday, May 12, 2013 15:55

Baghdad / Baghdadi news / .. exceeded the value of auction sales sell the currency at the Central Bank of Iraq, on Sunday, the $ 196 million, with the participation of 25 banks.
The governor of the central bank and agency Abdul Basit Turki said in a statement taken by his press office and received / Baghdadi News / copy of it, that “the sales value of the currency auction at the Central Bank amounted to” 196 “million and” 704 “thousand dollars,” explaining that “the number of participating banks in Read more…

Continued rise in the U.S. dollar exchange rate plaguing traders and succeed economically crippling

Continued rise in the U.S. dollar exchange rate plaguing traders and succeed economically crippling recession market movement

12/05/2013 (23:01 pm)

 Baghdad / tributary cactus and Adel al-Saffar

Experienced local markets recently recession coincided with a continuing rise in the dollar exchange rate, and by the owners of shops dissatisfaction about currency fluctuations, stressing that this volatility cast a shadow on the smooth flow of work in the market.
says Salman Alaidana owner of banking to the extent, “The volatility of the exchange rate Iraqi dinar against other currencies has made ​​smooth market non-existent, where is the citizen and merchant apprehensive about buying Read more…

Iraqi Dinar Guru predictions/guesses! 5-11-2013

Iraqi Dinar Guru predictions/guesses! 5-11-2013

5-11-2013 Newshound Guru American Contractor Recently Sansar Capital Management LLC published a report on the Iraq banking sector. I’ve written some notes on some of the details in the report. Such as there is no de-dollarization of the Iraqi economy. Al-Warka Bank is still in receivership and bankrupt. Over 80% of Iraqi’s do not have a bank account. ATM machines are not connected to the national switch and as such customers of one bank cannot access their funds from ATM Machines from another bank. One of the contributing factors of the low usage of banks by Iraqi’s is the lack of trust in the Iraq banking system. The two state banks Rasheed Bank and Rafidain bank are still trying to restructure with the help of the World Bank. The Iraq banking still has more improvements to make in order to compete in the 21st century Middle East. It will get there just take a little more time. Read more…

Financial expert: Proposed distribution of salaries of employees in hard currency would hurt the country’s economy

Financial expert: Proposed distribution of salaries of employees in hard currency would hurt the country’s economy

11-05-2013 12:40 PM

Baghdad (news) .. Warned an expert in financial matters on behalf of Hadi al-Tamimi, the application of the proposal of the Finance Committee representative to distribute the salaries of employees in hard currency rather than the Iraqi dinar, because it would harm the national economy does not help to raise the exchange rate of the Iraqi dinar against the dollar. said Tamimi (of the Agency news): The proposal made ​​by the one of the members of the Finance Committee to distribute salaries of state employees in dollars, would hurt the country in terms of its impact on the size of the Central Reserve of hard currency, and the failure of the owners of money and traders from getting on the dollar for the purpose of import. added: The Read more…

Iraqi Dinar Guru predictions/guesses! 5-10-2013

Iraqi Dinar Guru predictions/guesses! 5-10-2013

5-10-2013 Newshound Guru Kaperoni So now we have the CBI stating the exchange regime they expect to enter…”flexible exchange rate system orbit.” (which is a free float) and the IMF document clearly showing prior to the war the Saddam dinar was a float. Does it get any better than that? Are you convinced of what is about to come yet? The good news is, there is a plan for the dinar..and that plan does include raising the value of the dinar. And hopefully, at some point, the dinar will have a significant value greater than it has now. Which means as dinar holders, we can potentially profit greatly from that appreciation, but it’s going to take time. It is clear, that will not occur overnight. That an overnight RV of sorts is not monetary policy and is certainly not an “exchange regime” under the IMF. Read more…

A parliamentary proposal to “end the exploitation of private banks”

A parliamentary proposal to “end the exploitation of private banks”

FRIDAY, MAY 10 / MAY 2013 08:18

Twilight News / ft is a member of the Finance Committee proposal to the committee spends agreement with the Central Bank and Ministry of Finance on the distribution of salaries of all state employees in hard currency (dollar) for one month to end the “exploitation” of private banks and banking companies to citizens.

A member of the Finance Committee Secretary Hadi’s “Twilight News”, “proposed to the Finance Committee to hold the distribution of salaries of all Iraqi staff in dollars rather than the Iraqi dinar, the official Read more…

Poor financial management and banking reason for the continued increase in the exchange rate of the Iraqi dinar

Finance Committee: poor financial management and banking reason for the continued increase in the exchange rate of the Iraqi dinar against the dollar

10-05-2013 11:03 AM

Baghdad (news) .. Refer Vice President of the Finance Committee MP / coalition of Kurdish blocs / Ahmed Hassan Faizullah, the reasons for non-low exchange rate of the dollar against the Iraqi dinar to mismanagement of fiscal and monetary followed in the country. said Faizullah (of the Agency news): The management of the central bank lagged much in Multi maintain the exchange rate of the Iraqi dinar against foreign currency, and left the Iraqi money is Read more…

Iraqi Dinar Guru predictions/guesses! 5-9-2013

Iraqi Dinar Guru predictions/guesses! 5-9-2013

5-9-2013 Newshound Guru Adam Montana [If the dinar RVs at 1$ to 1D, why would their be a time limit to exchange the dinar?] As far as we know, when they change the rate or remove the 0’s, they will also be replacing the currency with “New” Iraqi Dinar bills. When they do that, the goal will be to phase out the “Old” (current) currency. Most likely, they will do this over a 3-6 month period, as most countries do when they introduce new currency. I don’t think we have to be concerned about it being “illegal” to have the old currency, but if we don’t cash in before they stop accepting it, all of our bills will be just like the old Saddam notes… worthless. Read more…

Iraqi Dinar Guru predictions/guesses! 5-8-2013

Iraqi Dinar Guru predictions/guesses! 5-8-2013

5-8-2013 Intel/Newshound Guru Poppy3 IN ADDRESS TO ALL THE CRAZY RUMORS OF AN .86 CENT RATE AND ALL THE POST SAYING IT WILL FLOAT?? SOME EVEN…TRY AND SAY LOP AGAIN WELL HERE IS MY REPLY TO THOSE POSTS. BE YOUR OWN JUDGE. THIS IS ALL BOLONY.—– NOT ONE OFFICIAL WORD EVER SAID FROM ANYONE IN THE CBI EVER SUGGESTING A FLOAT. NEVER MENTIONED FROM ANYONE OFFICIAL ABOUT .86 CENTS ALL DEEP BULL. .86 WILL NOT FULLFILL THEIR BUDGET PERIOD AND IT WILL NOT DE-DOLLARIZE THEIR COUNTRY. POPPY3 Read more…

Central bank sales of dollar decline in auction Wednesday

Central bank sales of dollar decline in auction Wednesday

By khabaar khaba since 5 hours 4 minutes 08/05/2013

Brother – Baghdad
Decreased sales of the Iraqi Central Bank of the dollar in the auction for the sale and purchase of foreign currency on Wednesday to 140 million and 336 thousand dollars, after yesterday reached 158 million and 335, a stable exchange rate was 1166 dinars per dollar.
She said daily bulletin issued by the Central Bank that the demand for the dollar Read more…

Iraqi Dinar Guru predictions/guesses! 5-7-2013

Iraqi Dinar Guru predictions/guesses! 5-7-2013

5-7-2013 Newshound Guru Doc There are several recycled rumors going around once again. They include tiered payouts, Iraq not in control, lower denoms issued, some business person will set RV rate, 190+ global currency reset, etc. We have repeatedly debunked each of these and will not do so again here. It is sufficient enough to say these rumors were not true years ago when they were first reported and they continue to be false. Look for the true indicators which are power sharing with completion of key laws like HCl. We report, you decide. Read more…

Central sales drop to 158 million and 335 thousand dollars at auction sale

Central sales drop to 158 million and 335 thousand dollars at auction sale

Tuesday, May 7, 2013 15:37

Baghdad / Baghdadi news / .. Decreased sales of the Iraqi Central Bank of the dollar in the auction for the sale and purchase of foreign currency, Tuesday, to $ 158 million and 335 thousand dollars after it reached yesterday, 204 million and 988 thousand dollars a stable exchange rate was 1166 dinars per dollar. ”
The governor of the central bank and agency Abdul Basit Turki said in a statement received / Baghdadi News / copy of Read more…

Iraqi Dinar Guru predictions! 5-6-2013

Iraqi Dinar Guru predictions! 5-6-2013

5-6-2013 Newshound Guru Mountainman The Kurdish delegation and Barzani are still maintaining after the cabinet meeting that a deal has been reached and a partnership has been struck. We’ve heard all this before but apparently a mechanism has been implemented that will ensure the agreement reached with the Federal Government and the outstanding issues that have crippled this country for so long will be concluded due to the numbers of points in the agreement they signed. Read more…

The central auction sales in excess of $ 200 million at today’s meeting

The central auction sales in excess of $ 200 million at today’s meeting

Monday, May 6, 2013 18:13

Baghdad / Baghdadi news / .. auction sales exceeded sell the currency at the central bank, on Monday, the “200” million.
He said the province of the central bank and agency Abdul Basit Turki said in a statement taken by his press office and received / Baghdadi News / copy of it, that “the sales value of the currency auction at the Central Bank reached during today’s session,” 204 “million” 988 “thousand dollars,” explaining that “the number of banks Read more…

Iraqi Dinar Guru predictions! 5-5-2013

Iraqi Dinar Guru predictions! 5-5-2013

5-5-2013 Newshound Guru SWFloridaGuy I have never lost faith that we will prosper from this. How much and how long this will take is not something I concern myself with, as I of course, have no control. The Finance Committee acknowledges certain remaining obstacles while also maintaining it is an absolute necessity at this time, which coincides with the WTO and IMF recommendations. Iraq’s dependence on the oil sector and the absence of any diversity in resources has been addressed by economists operating within systematic programs accurately to activate economic sectors agriculture, industry and provide jobs for the labor and increase budget resources. Whether or not they will be successful remains to be seen. Read more…

The central auction sales rise beyond the “195” million dollars at today’s meeting

The central auction sales rise beyond the “195” million dollars at today’s meeting

Sunday, May 5, 2013 17:08

Baghdad / Baghdadi news / .. scored auction sale currency at the central bank, on Sunday, increased the value of sales to exceed the “195” million.
The governor of the central bank and agency Abdul Basit Turki said in a statement taken by his press office and received / Baghdadi News / copy of it, that “the value of sales of central bank auction at today’s meeting amounted to” 195 “million” 381 “thousand Read more…

Iraqi Dinar Guru predictions! 5-3/4-2013

5-4-2013 Newshound Guru Kaperoni I will say this in defense of the “float theory.” I was very skeptical when I heard it. And had several follow up questions which were answered. But more importantly, as time has passed, much of what I heard was validated. Heck, I would love these articles of .86 to be correct, and I think you all would also. I think we all would prefer to be done with this investment tomorrow, than have to watch the dinar rise over a period of time. Read more…