Posts Tagged ‘Iraqi Dinar’

Punishing Iraq’s banks: a shake-up in the financial sector and expectations of dollar scarcity

Punishing Iraq’s banks: a shake-up in the financial sector and expectations of dollar scarcity

July 22, 2023

The decision of the US Treasury Department to impose new sanctions on 14 Iraqi banks, months after imposing similar sanctions on 4 important banks due to financial dealings with Iran and others related to money laundering operations, caused a rapid reaction inside Iraq, as it led to a decline in the value of the dinar against the dollar, along with the influx of depositors to the punished banks to withdraw their money Read more…

Iraqi banks and citizenship

Iraqi banks and citizenship

7-22-2023

Sami Jawad Kazem
Every citizen has responsibilities for the sake of his homeland and the love of the homeland from faith when you find your identity in it and the responsibility is represented in his actions at the various levels in which he is present. This is one aspect and another aspect in Iraq after the fall, dozens of private banks appeared and apart from how they were established, Read more…

The Iraqi dinar pays the bill for the confrontation between Washington and Tehran

The Iraqi dinar pays the bill for the confrontation between Washington and Tehran

7-22-2023

BAGHDAD – The crisis of the collapse of the Iraqi dinar’s exchange rate against the dollar has returned to the forefront, prompted by US sanctions against 14 Iraqi banks that Washington believes constitute a vital artery for the flow of hard currency to Iran, while the Iraqi government is powerless Read more…

Iraqi Dinar Guru opinions 7-21-2023

Iraqi Dinar Guru opinions 7-21-2023

7-21-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV saying the oil and gas law need to include the decision of the federal court. FRANK: There it is again. Notice that the HCL is the key to the budget. Notice that the budget is the key to the new exchange rate. It is also the key for Iraq to stop depending on other countries for energy… Read more…

Iraqi Dinar Guru opinions 7-20-2023

Iraqi Dinar Guru opinions 7-20-2023

7-20-2023 Newshound/Intel Guru BGG Personally, I think it would be the best thing in the world for the Dinar Investor if they did join some “Brics type” union APART from the US. They could even be a reserve currency (since their oil would be bought and sold in Dinar)… meaning the currency you hold would be vastly more valuable. Forget what the US thinks… Read more…

Iraqi Dinar/US Dollar auction results for today 7-20-2023

Iraqi Dinar/US Dollar auction results for today 7-20-2023

The results of the foreign currency sale window, Thursday 7/20/2023
Announcement No. (4927 ) Read more…

The Central Bank issues clarification regarding US sanctions against 14 Iraqi banks (document and names)

The Central Bank issues clarification regarding US sanctions against 14 Iraqi banks (document and names)

2023-07-20

Today, Thursday, July 20, 2023, the Central Bank of Iraq issued a clarification regarding depriving some Iraqi banks from dealing in dollars, after the sanctions imposed by the US Treasury Department on 14 Iraqi banks.

And the bank stated in a statement, that preventing Iraqi banks from dealing in dollars came against the background of checking bank transfers for the past Read more…

Iraqi Dinar Guru opinions 7-19-2023

Iraqi Dinar Guru opinions 7-19-2023

7-19-2023 Intel Guru Frank26 Iraq has the materials to build their economy/ monetary structure, to reform their financial structure…Not only to do it once but IMO 100 times over and still have leftover. They are so incredibly rich…It’s not a secret anymore. Everybody knows. The whole world is pouring into Iraq. That’s going to equal an explosion in their reforms. We’re only waiting for one thing. That’s why they’re getting ready for that new exchange rate to be released. Read more…

Iraqi Dinar Guru opinions 7-18-2023

Iraqi Dinar Guru opinions 7-18-2023

7-18-2023 Intel Guru Frank26 I know they were supposed to open the budget…with instruction and they did not. Once again I say who cares. We know the cha-cha-cha of this dance. The Middle East does not have a watch. They use a sundial and it just take a little longer to develop… Read more…

Iraqi Dinar/US Dollar auction results for today 7-18-2023

Iraqi Dinar/US Dollar auction results for today 7-18-2023

The results of the foreign currency sale window, Tuesday, 7/18/2023
Announcement No. (4926 ) Read more…

Iraqi Dinar Guru opinions 7-17-2023

Iraqi Dinar Guru opinions 7-17-2023

7-17-2023 Newshound Guru Pimpy Article: “Parliamentary Finance likely to launch budget funds after July 18” So here we are. We’ve passed the budget. It’s made the Gazette and still they have not allocated out the money. Read more…

Iraqi Dinar/US Dollar auction results for today 7-17-2023

Iraqi Dinar/US Dollar auction results for today 7-17-2023

The results of the foreign currency sale window, Monday, 7/17/2023
Announcement No. (4925 ) Read more…

Iraqi Dinar Guru opinions 7-16-2023

Iraqi Dinar Guru opinions 7-16-2023

7-16-2023 Newshound/Intel Guru Mnt Goat Article: “IRAQ: REVITALIZING THE STOCK MARKET” Article quotes: “…there is an urgent need to activate the role of the stock market as a mirror reflecting economic activity in the country”; “It is said that the size of the cash block that is hoarded outside the banking circulation space amounts to about 70 percent of the cash issued” Remember a lot of this cash is outside the country in our pockets and they won’t get it unless they reinstate the dinar and we can go to the bank and exchange at a rate we want as investors. Heck they sold us this currency in a time of need and now, as they are so rich, they have to pay us for it with a higher exchange rate. Read more…

Iraqi Dinar Guru opinions 7-16-2023

Iraqi Dinar Guru opinions 7-16-2023

The results of the foreign currency sale window, Sunday, 7/16/2023
Announcement No. (4924 ) Read more…

Iraqi Dinar Guru opinions 7-15-2023

Iraqi Dinar Guru opinions 7-15-2023

7-15-2023 Intel Guru yada Interestingly, all the articles since last week pointed to 7-15-23 as the date the budget was to be implemented. It was stated they, the CBI, gave the banks the instructions on implementing such as the rate, amount of notes, and timing of the release… And the people for the most part are expecting the implementation as well…Im expecting the implementation this weekend and surely not in Aug… Read more…

Iraqi Dinar Guru opinions 7-14-2023

Iraqi Dinar Guru opinions 7-14-2023

7-14-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani on news saying Iraq is pursuing reforms in financial and banking sectors. FRANK: He is talking to you about the monetary reforms. That’s fantastic. Exactly what we told you – the monetary reform education to you. Read more…

Iraqi Dinar Guru opinions 7-13-2023

Iraqi Dinar Guru opinions 7-13-2023

7-13-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Breaking news Parliamentary Finance… FRANK: Parliament Finance? Boo! Okay what about them? FIREFLY: Says next Sunday they will start the allocations of the funds for the budget and instructions on certain projects. FRANK: 6 days they’re going to give you instructions on the budget? …the new exchange rate that is the instructions for all the projects that’s inside of that budget for the next 3 years…everything waits for the new exchange rate. Read more…

Iraqi Dinar/US Dollar auction results for today 7-13-2023

Iraqi Dinar/US Dollar auction results for today 7-13-2023

The results of the foreign currency sale window, Thursday, 7/13/2023
Announcement No. (4923 ) Read more…

Iraqi Dinar Guru opinions 7-12-2023

Iraqi Dinar Guru opinions 7-12-2023

7-12-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are talking about a date to show us citizens the instructions to implement the budget after the federal court rulings. FRANK: So, after the federal court ruling there’s a date to use to open the budget…we’re just waiting for one bloody thing. That’s it. The new exchange rate…all roads lead to the new exchange rate of the Iraqi dinar. Read more…

Iraqi Dinar/US Dollar auction results for today 7-12-2023

Iraqi Dinar/US Dollar auction results for today 7-12-2023

The results of the foreign currency sale window, Wednesday, 7/12/2023
Announcement No. (4922 ) Read more…