Posts Tagged ‘Iraqi Dinar’

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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Parliamentary Finance: The World Bank did not object to reducing the dollar’s ​​price

Parliamentary Finance: The World Bank did not object to reducing the dollar’s ​​price

12:18 – 24/03/2021

The information / Baghdad ..
The Parliamentary Finance Committee expected, on Wednesday, to agree to reduce the price of the dollar to 130 within the budget, indicating that the World Bank did not express any objection to reducing the price, unlike the Ministry of Finance, which is determined Read more…

Iraq .. The decline in the exchange rate of the dollar

Iraq .. The decline in the exchange rate of the dollar

Wednesday 24 March 2021 | 10:27 a.m.

The exchange rates of the dollar decreased on Wednesday on the main stock exchange in Baghdad and the Kurdistan Region . Read more…

Iraqi Dinar Guru opinions 3-23-2021

Iraqi Dinar Guru opinions 3-23-2021

3-23-2021 Intel Guru Frank26 I made it very plain and simple…you’re now going to see articles talking about the exchange rate of the Iraqi dinar. There’s so many of them. Since we told you that 2 weeks ago you’ve got about 60 articles… Read more…

Iraqi Dinar/US Dollar auction results 3-23-2021

Iraqi Dinar/US Dollar auction results 3-23-2021

The results of the foreign currency sale window for Tuesday 3/23/2021, and executed today

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MP: The government handed over to parliament a “worn out” copy of the budget, and its authors have no knowledge of the economy

MP: The government handed over to parliament a “worn out” copy of the budget, and its authors have no knowledge of the economy

2021-03-23 05:26

Shafaq News / On Tuesday, a member of the Iraqi parliament, Naim Al-Kaoud stated that obstructing the approval of the budget was the result of what the government presented to the Parliamentary Finance Committee, and while he indicated that the government presented a “worn out” version of the budget law, and pointed out that those who put the items were far away. Distance from the country’s economic and financial affairs.

Al-Kaoud, who is a deputy from Anbar Governorate, told Shafaq News: “The Finance Committee and the Presidency Read more…

A ‘very significant’ drop in the dollar exchange rate

A ‘very significant’ drop in the dollar exchange rate

TUESDAY, 23-03-2021, AM 11:31

The exchange rate of the dollar against the Iraqi dinar witnessed, on Tuesday, a significant decline in the Iraqi market. Read more…

They replied, if you could. The justifications for raising the dollar’s ​​price are invalid, and this is our response

They replied, if you could. The justifications for raising the dollar’s ​​price are invalid, and this is our response

2021-03-23

Muhannad Al-Atabi

After the many discussions about the issue of raising the price of the dollar, and after voices aroused here and there defending the increase in the price of the dollar, I put before the eyes of the public opinion and those interested in following the merits of this issue a set of debates that nullify the justifications for raising the price of the dollar:

First:

Supporters of raising the price of the dollar claim that raising the price of the dollar contributes to encouraging and protecting the national product

* Here I say: Read more…

Iraqi Dinar Guru opinions 3-22-2021

Iraqi Dinar Guru opinions 3-22-2021

3-22-2021 Newshound Guru Pimpy There is a political block…that is refusing to vote. They’re boycotting unless the rate change is in there [The 2021 budget]. But what they’re demanding is it be restored to…1190 for one dollar. Some people thought that meant they would go back to the old rate. I would love it if they did that. Could they still do that? Yes. They might. But there is no indication that they will. Would they announce it? No. When Kuwait did their switch…in the news they told everybody that it wasn’t gonna happen for a while, then they turned around they did it the next day or the day after. Anything is possible but first and foremost we definitely got to make sure…what’s going on in Erbil/Baghdad get their things ironed out so we can get this budget passed…now they’re postponing the vote for one week… Read more…

Iraqi Dinar/US Dollar auction results 3-22-2021

Iraqi Dinar/US Dollar auction results 3-22-2021

The results of the foreign currency sale window on Monday 3/22/2021, and executed today

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Baghdad … The dollar’s ​​exchange rate has fallen

Baghdad … The dollar’s ​​exchange rate has fallen

Monday 22nd March 2021 | 11:54 a.m.

The exchange rate of the dollar fell, on Monday, on the main stock exchange in Baghdad. Read more…

Adjusting the exchange rate of the dollar .. Deputy: There is a development that may allow a return to the price of 1200 dinars

Adjusting the exchange rate of the dollar .. Deputy: There is a development that may allow a return to the price of 1200 dinars

MONDAY, MARCH 22-2021, PM 4:35

A member of Parliament, Amer Al-Fayez, spoke about the existence of an ongoing parliamentary movement to restore the dollar exchange rate to its previous position in the 2021 budget.

The winner said in a televised statement, “We invested in the arrival of the budget to the House of Representatives in order to pressure the government to restore the current exchange rate of the dollar to the previous one, which amounted to Read more…