Posts Tagged ‘Iraqi Dinar’

The price of the dollar and the currencies in Baghdad today 12-20-2018

The price of the dollar and the currencies in Baghdad today 12-20-2018

2018/12/20 10:06

Baghdad: foreign currency markets in Baghdad, on Thursday morning, stabilized at the exchange rate of the US dollar against the Iraqi dinar.
The market price in the Kifah Exchange in Baghdad Read more…

URGENT Oil falls below Iraq’s 2019 budget

URGENT Oil falls below Iraq’s 2019 budget

2018/12/20 12:01

{International: Al Furat News} Oil prices fell on Thursday to erase most of the gains from the previous session, resuming declines that started earlier in the week amid concerns about oversupply and global economic outlook.
By 09:04 GMT, Brent crude futures were down to $ 55.05 a barrel, Read more…

URGENT Ministry of Finance reveals the budget of 2019 and announce an important decision of salaries of employees

URGENT Ministry of Finance reveals the budget of 2019 and announce an important decision of salaries of employees

2018/12/20 9:03

(Baghdad: Al-Furat News) The Ministry of Finance revealed important figures on the new draft budget law for 2019.
Undersecretary of the Ministry Maher Hammad Juhan said in a press statement that the Federal Budget Law for the year 2019 has passed several stages, as it was submitted to the House Read more…

Iraqi Dinar Guru opinions 12-19-18

Iraqi Dinar Guru opinions 12-19-18

12-19-2018 Newshound/Intel Guru Mnt Goat This is the way I see this playing out. Suddenly Mahdi’s cabinet is completed. The reconstruction funds start to release within a week. But there is a lag since it takes time to get the projects underway. Not too far in the distance the reinstatement occurs. Also the CBI soon releases the 50 and 100 smaller denominations and maybe along with the 100,000 notes. The process is kicked into high gear…. How long will all this take? I know the CBI was targeting for EARLY Jan 2019 but with delays in forming the government I am not so sure now since time is ticking…tic toc,,,tic toc… Be patient and let’s get the govt fully formed and functional first. The rest will fall into place. Read more…

Iraqi Dinar/US Dollar auction results 12-19-18

Iraqi Dinar/US Dollar auction results 12-19-18

The results of the foreign currency sale window on Thursday 20/20/2018, which is carried out on Wednesday 2018/12/19

Announcement No. ( 3855 ) Read more…

A new drop for the dollar in Baghdad today 12-19-2018

A new drop for the dollar in Baghdad today 12-19-2018

2018/12/19 10:33

Baghdad: foreign exchange markets in Baghdad, on Wednesday morning, a new decline in the exchange rate of the US dollar against the Iraqi dinar.
The price of the market in the stock market in Baghdad, Read more…

Iraqi Dinar Guru opinions 12-18-18

Iraqi Dinar Guru opinions 12-18-18

12-18-2018 Newshound Guru MilitiaMan Article: “A credit account in riyal and dinar between Iraq and Iran” Quote: “Citibank offers letters of credit for buyers in Latin America, Africa, Eastern Europe, Asia and the Middle East who may have difficulty obtaining international credit on their own.” I would suggest this is part of a necessary end for Iraq now that Monetary Reforms are gearing to be on a different page if you will, imo, that had/has to be done because of the volume of trade between Iraq and Iran. A letter of credit is commonly for International Trade between parties. It is serious business. …Go figure the timing of it too. IMO. Lets not forget Rick Perry and all those Companies in Iraq may need them too. By the way, CitiBank is one a large providers of Letters of Credit Globally.. They are Directly involved with Iraq as we know. Iraq wants guarantee they get paid for imports and exports. Fairly sure Iran in an unstable environment.. lol This is seriously looking good, imo.. Read more…

Iraqi Dinar/US Dollar auction results 12-18-18

Iraqi Dinar/US Dollar auction results 12-18-18

The results of the foreign currency sale window on Wednesday, 2018/12/19, and executed on Tuesday, 2018/12/18

Announcement No. ( 3854 ) Read more…

Dollar decline in Baghdad today 12-18-2018

Dollar decline in Baghdad today 12-18-2018

2018/12/18 9:50

Baghdad: foreign currency markets in Baghdad, on Tuesday morning, a decline in the exchange rate of the US dollar against the Iraqi dinar.
The market price in the Kifah Exchange in Baghdad was Read more…

Iraqi Dinar Guru opinions 12-17-18

Iraqi Dinar Guru opinions 12-17-18

12-17-2018 Newshound/Intel Guru Mnt Goat Article: “TO AMEND THE INVESTMENT LAW IN THE COMING DAYS” Quote: “The amendment of THE INVESTMENT LAW IS AN IMPORTANT POINT TO ELIMINATE UNEMPLOYMENT AND THE RETURN OF INDUSTRY AND THE PRIVATE SECTOR IN IRAQ and raise the market value of the Iraqi dinar…” I don’t want anyone telling me there aren’t any more laws needed in order to reinstate the currency. To bring in investors is all part of creating the atmosphere conducive to investors, which in turn, is the state of the economy needed to trigger the reinstatement. It is all coming together. Read more…

Iraqi Dinar/US Dollar auction results 12-17-18

Iraqi Dinar/US Dollar auction results 12-17-18

The results of the foreign currency sale window on Tuesday, 2018/12/18, and will be carried out on Monday, 2018/12/17

Announcement No. ( 3853 ) Read more…

The price of the dollar and the currencies in Baghdad today 12-17-2018

The price of the dollar and the currencies in Baghdad today 12-17-2018

2018/12/17 9:54

(Baghdad: Al-Furat News) Foreign currency markets in Baghdad, Monday morning, stabilized the exchange rate of the US dollar against the Iraqi dinar.
The market price in the stock market in Baghdad, Read more…

Iraqi Dinar Guru opinions 12-16-18

Iraqi Dinar Guru opinions 12-16-18

12-16-2018 Newshound Guru MilitiaMan Article: “In an interview with “The New Arab”, Muhsin al-Alaq, Acting Governor of the Central Bank of Iraq , talks about a difficult monetary and financial stage that has passed through his country,…” The Alak interview has told us that they are at a 6/1 (16.5%) good to bad ratio with loans. …he tells us that they have loans of 37 Billion Dinar of good and 6 billion Dinars worth ($5,000,000.00 USD) of bad. It is not a bad ratio for what they have been through to date. My point is that the value of the 6 bln Dinars is key that Alak points it out, imo. Why? Well it gives a value of that 6 bln. Alak cannot openly come out and tell us a rate or a date literally to the tee.. But, he can in my opinion indirectly point us to it with forward guidance. Read more…

Iraqi Dinar/US Dollar auction results 12-16-18

Iraqi Dinar/US Dollar auction results 12-16-18

The results of the foreign currency sale window on Monday, 2018/12/17, which is issued on Sunday, 2018/12/16

Announcement No. ( 3852 ) Read more…

Parliamentary finance reveals the value of Iraq’s cash reserves and warns of movements to affect the value of the dinar

Parliamentary finance reveals the value of Iraq’s cash reserves and warns of movements to affect the value of the dinar

2018/12/16 13:30

Baghdad today _ special

A member of the parliamentary finance committee, Hoshyar Abdullah, on Sunday (December 16, 2018), about Iraq’s cash reserves, while pointing out that Iraq is a country that has a good cash reserve.

“The news that the monetary reserve is declining is incorrect and the aim is to confuse the market and affect the price of the Iraqi dinar as part of moves adopted by Read more…

The price of the dollar in Baghdad today 12-16-2018

The price of the dollar in Baghdad today 12-16-2018

2018/12/16 9:42

(Baghdad: Al-Furat News) Foreign currency markets in Baghdad, on Sunday morning, stabilized the exchange rate of the US dollar against the Iraqi dinar.
The market price in the Baghdad Stock Exchange Read more…

Iraqi Dinar Guru opinions 12-15-18

Iraqi Dinar Guru opinions 12-15-18

12-15-2018 Newshound Guru Don961 Article: “Kurdistan announces the implementation of Article 140 of the Constitution” Sounds like some people in Kurdistan are spreading news that 140 is implemented… and are trying to erect barriers and borders…but no one told the residents yet…Either shenanigans or it has happened behind the scenes but not announced yet …either something happened to assure it…or KRG is making assumptions and jumping the gun. Read more…

Exchange rates of the dollar against the Iraqi dinar in the stock market and domestic markets 12-15-2018

Exchange rates of the dollar against the Iraqi dinar in the stock market and domestic markets 12-15-2018

15-12-2018 15:00

The exchange rate of the dollar stabilized for the fifth day in a row on the Stock Exchange and local markets on Saturday (December 15, 2018).
The prices of the Kifah Stock Exchange – Baghdad Read more…

Iraqi Dinar Guru opinions 12-14-18

Iraqi Dinar Guru opinions 12-14-18

12-14-2018 Newshound/Intel Guru Mnt Goat As far as I know I am still hearing good news on the reinstatement process and it is still on target for LATE Dec or EARLY Jan period. I know there are lots of rumors now flying around as usual about some window of opportunity for an RV happening this entire week. This is simply NOT true. So in this regards, I had a recent conversation with my CBI representative and the following is what I was told in response to my questions. Is there a plan now to RV the currency this week sometime? NO…The dinar is not planned for a revaluation. The dinar must first go through a “reinstatement” process. This is a series of approvals but we believe we are close… (I have been telling everyone this. Any significant change in value that we want comes from the “float” on the currency once it is reinstated. This is NOT a revaluation but a market drive on the rate due to speculation. It will then settle down to what the IMF calls its “nominal effective rate”) Read more…

Dollar and some currencies in Baghdad today 12-14-2018

Dollar and some currencies in Baghdad today 12-14-2018

Fri, 14 Dec 2018 08:15:20

Foreign exchange markets in Baghdad, on Friday morning, stabilize the exchange rate of the US dollar against the Iraqi dinar.
The price of the market on the Stock Exchange in Baghdad, Read more…