Posts Tagged ‘Iraqi Dinar’

Parliament transfers the budget from the dollar to the dinar to overcome the dispute

Parliament transfers the budget from the dollar to the dinar to overcome the dispute

03/31/2021 17:10:06

The House of Representatives decided in its meeting held today, Wednesday, to convert the federal budget for 2021 from the dollar to the Iraqi dinar.

A representative source said {for the Euphrates News} that “it was agreed to transfer the budget from the dollar to the Iraqi dinar, in order Read more…

Iraqi Dinar Guru opinions 3-30-2021

Iraqi Dinar Guru opinions 3-30-2021

3-30-2021 Newshound Guru MilitiaMan …The facts and information that is outside the hype does point conclusively to the reforms are coming to a head with an exchange rate change on the top of the list. The clarity that is out there in respect to the 2021 budget has been a dog a pony show be sure. They have to have the rate change ioo first…And no, they will not get into the private sector ioo with a program rate. …I like where we are and we may see even more good news in the very short term. The first quarter is coming to a close in a couple of days… Read more…

Iraqi Dinar/US Dollar auction results 3-30-2021

Iraqi Dinar/US Dollar auction results 3-30-2021

The results of the foreign currency sale window for Tuesday 3/30/2021, and executed today

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An increase in the sale and stability in the purchase .. Know the exchange rates of the dollar against the dinar

An increase in the sale and stability in the purchase .. Know the exchange rates of the dollar against the dinar

Tuesday 30 March 2021 | 10:33 a.m.

Learn about the exchange rates of the dollar against the Iraqi dinar today, Tuesday (March 30, 2021 ). Read more…

An official in the Central Bank: There is no return to the previous dollar price .. Any decision to reduce it means heading for an economic massacre

An official in the Central Bank: There is no return to the previous dollar price .. Any decision to reduce it means heading for an economic massacre

TUESDAY, MARCH 30-2021, PM 3:59

The Central Bank resolved the debate on the price of the dollar against the dinar and the process of reducing it, announcing that there is no return to the previous price, and the price will not be reduced under any circumstances, while confirming that there is, at the same time, no intention to raise the price from 145 thousand per 100 dollars.

The general manager of accounting at the bank, Ihssan Shamran, said in a press statement, “The current price of the dollar is very reasonable, and therefore Read more…

Iraqi Dinar Guru opinions 3-29-2021

Iraqi Dinar Guru opinions 3-29-2021

3-29-2021 Newshound Guru Breitling Question: [My big worry when the time comes to cash out is that the currency traders are the only avenue for exchanging the dinar. Currently they are getting around 20% of that. Is that a fact?] Yes it is. Every business model there is you charge 20%…you get a 20% return at a minimum. They’re not doing anything out of what everybody else is doing. [If that is so, who can we trust?]. Banks. Banks will be competing for the U.S. dollar…I bought all of my currency from a bank. I didn’t buy it from a currency trader. Read more…

Iraqi Dinar/US Dollar auction results 3-29-2021

Iraqi Dinar/US Dollar auction results 3-29-2021

The results of the foreign currency sale window on Monday 3/29/2021, and executed today

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A slight increase in the exchange rates of the dollar in Baghdad

A slight increase in the exchange rates of the dollar in Baghdad

Monday 29th March 2021 | 10:49 a.m.

Learn about the exchange rates of the dollar against the Iraqi dinar today, Monday (March 29, 2021), which showed a slight increase compared to yesterday . Read more…

Iraqi Dinar Guru opinions 3-28-2021

Iraqi Dinar Guru opinions 3-28-2021

3-28-2021 Newshound Guru Breitling Question: [Since Iraq has devalued the dinar why would they turn around and add value to the dinar so quickly or is the process to add value still a long way off?] Nope, they can do it overnight. Once they start adding value how quickly can they get up to a buck? I don’t know that process. They haven’t really talked too much about it or exactly what’s going to happen. They’ve always said they want to get to $1.17. Period. End of story. Read more…

Iraqi Dinar US Dollar auction results 3-28-2021

Iraqi Dinar US Dollar auction results 3-28-2021

The results of the foreign currency sale window on Sunday 3/28/2021, and executed today

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Again .. the high exchange rate of the dollar in Baghdad

Again .. the high exchange rate of the dollar in Baghdad

Sunday 28 March 2021 | 10:11 a.m.

The exchange rate of the dollar rose on Sunday on the main stock exchange in Baghdad .

A source said that the Al-Kifah Central Stock Exchange in Baghdad recorded Read more…

Iraqi Dinar Guru opinions 3-27-2021

Iraqi Dinar Guru opinions 3-27-2021

3-27-2021 Guest Intel Guru Coyote Iraq doesn’t follow GAAP…They follow IFRS….GAAP is General Accepted Accounting Standards. It is not a report but volumes of standards and regulations that Is only used in the US. There are over 100 other countries, Iraq being one of those countries that use IFRS which stands for International Financial Reporting Standards. In Iraq, banks cannot use both…Banks must use IFRS as mandated by the CBI…I used to be a financial auditor for the #1 construction company in the world based on ENR who operates both domestically and international. I am now retired…Are IFRS Standards incorporated into law…? Yes for banks Under the Iraq Banking Law (2004)… No for other companies. Read more…

The price of the dollar and foreign currencies against the Iraqi dinar

The price of the dollar and foreign currencies against the Iraqi dinar

03/27/2021 10:03:45

The exchange rates of the dollar reached, on Saturday, 143,000 dinars against the dollar.

The prices in the exchange offices reached: Read more…

Parliament denies the parliamentary finance agreement and the government regarding the exchange rate of the dollar

Parliament denies the parliamentary finance agreement and the government regarding the exchange rate of the dollar

03/27/2021 18:02:38

{Policy: Al Furat News} The House of Representatives denied, on Saturday, the agreement of the Parliamentary Finance Committee and the government regarding the exchange rate of the dollar.

The media office of the Deputy Speaker of Parliament, Bashir Al-Haddad, said in a brief statement, Al-Furat News received a copy of it, that he “denies what was circulated by some news agencies and social media sites about the agreement Read more…

Iraqi Dinar Guru opinions 3-26-2021

Iraqi Dinar Guru opinions 3-26-2021

3-26-2021 Intel Guru Frank26 Question: [How many months will we have to exchange our dinar before our dinar is null and void?] The amount of time will be determined by the CBI. Once phase 1 starts at 1 to 1 in country then the citizens of Iraq will be told you have this much time to turn in the 3-zero notes…we don’t know how long yet. But they will tell you how long. IMO whatever they establish in-country will reflect out-country… Read more…

Iraqi Dinar Guru opinions 3-25-2021

Iraqi Dinar Guru opinions 3-25-2021

3-25-2021 Newshound/Intel Guru Mnt Goat Many of the MPs say they will now boycott the voting process and not vote on approving the 2021 budget except in the case of returning the previous dollar exchange rate to 1200. So as time passes and oil rises, they are making this a contentious issue. So again, I am telling you that because oil is rising and the CBI is still keeping the rate at about 1450 tells us there is much more to the devaluation of the dinar that meets the eye. It is now obvious that it is not all just about balancing the budget and paying off debt…It was also about collecting the larger notes out of circulation in preparation for the deleting the zeros project. This project will mean a revaluation of the dinar to significant levels that we as investors want. Read more…

Iraqi Dinar/US Dollar auction results 3-25-2021

Iraqi Dinar/US Dollar auction results 3-25-2021

The results of the foreign currency sale window on Thursday 3/25/2021, and executed today

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After the sudden decline, the dollar is rising as the opportunity to change the balance decreases

After the sudden decline, the dollar is rising as the opportunity to change the balance decreases

03/25/2021 12:40:01

{Economic: Al Furat News} The exchange rate of the dollar against the Iraqi dinar returned to rise today, Thursday, after a decline that continued for days this week.
The dollar suddenly declined this week, and reached Read more…

Iraqi Dinar Guru opinions 3-24-2021

Iraqi Dinar Guru opinions 3-24-2021

3-24-2021 Newshound Guru Jeff This weekend nor the month of April Iraq isn’t going to do anything with the budget. They can’t. Iraq’s not going to do anything with the exchange rate because it’s the Central Bank that calls the shots. They’re the ones that are in charge of the monetary system. They’re autonomous from the government. They’re not going to adjust the rate at this time. The rate is going to remain where it’s going to stay because the central bank is using it as a tool to remove 3 zero notes out of circulation up until the point the rate changes. Read more…

Iraqi Dinar/US Dollar auction results 3-24-2021

Iraqi Dinar/US Dollar auction results 3-24-2021

The results of the foreign currency sale window on Wednesday 3/24/2021, and executed today

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