Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 9-21-16

Iraqi Dinar Guru opinions 9-21-16

9-21-2016 Intel Guru Frank26 I believe IMO Abadi is giving Obama a full report right now…not on Mosul… because that is over with…not on terrorism because that is pretty controlled…but on corruption that was destroying and delaying the Monetary and Economic Reforms that the IMF demanded be done before November. This past week the market got out of hand…those that know how to steal and make money are making their last gasp…it is 1166 that is the exchange rate…but the street rate got all the way up to 1300…the CBI was getting hammered by the market…and the next thing you know…”The IMF is Telling You to Reduce the Dollar Exchange Rate”…intervene urgently…adjust the exchange rate…this is continual pressure… I got a feeling that Iraq is going to raise the value of their currency IMO…and I have a feeling the CBI is ready and poised…because they have been escorted by not only the IMF, UST, WB, BIS…but by us…the USA…to be in position to raise the value of their currency…they are right now to be in a perfect situation… Read more…

Iraqi Dinar/US Dollar auction results 9-21-16

Iraqi Dinar/US Dollar auction results 9-21-16

Results currency auction
Announcement No. (3281)

Opening Offers sale and purchase of foreign currency daily window in the Iraqi Central Bank on Wednesday, a brief summary of 09.21.2016 and the results were as follows: Read more…

Rate of Arab and foreign currencies in Iraqi dinars on Wednesday 9-21-2016

Rate of Arab and foreign currencies in Iraqi dinars on Wednesday 9-21-2016

Published on: 9-21-2016, 09:37

Rate of Arab and foreign currencies in Iraqi dinars on Wednesday 9-21-2016

BAGHDAD / Sky Press: Read more…

Iraqi Dinar Guru opinions 9-20-16

Iraqi Dinar Guru opinions 9-20-16

9-20-2016 Intel/Newshound Guru Backdoc Article quote: “…the Ministry of Planning in cooperation with the ministries of commerce and communication to the application of the electronic card system, as an alternative to paper in the delivery of the ration card items to citizens.” EXCELLENT ARTICLE…! AGAIN WE HAVE MORE CONFIRMATION OF THE DIGITAL E-DINAR. AS THEY STATE HERE…THEY WANT TO USE THE PAYMENT CARD WHICH WILL DECREASE THE NEED FOR CASH! THIS WILL ALLOW IRAQ TO KEEP THE NEED FOR CASH TO A MINIMUM AND THEY SHOULD BE ABLE TO KEEP PULLING IN PAPER TO REDUCE THEIR NOTE COUNT EVEN FURTHER! Read more…

Iraqi Dinar/US Dollar auction results 9-20-16

Iraqi Dinar/US Dollar auction results 9-20-16

Results currency auction
Announcement No. (3280)

Opening Offers sale and purchase of foreign currency daily window in the Iraqi Central Bank on Tuesday to brief summary of 09.20.2016 and the results were as follows: Read more…

Rate of Arab and foreign currencies in Iraqi dinars on Tuesday 9-20-2016

Rate of Arab and foreign currencies in Iraqi dinars on Tuesday 9-20-2016

Published on: 9-20-2016, 09:36

Rate of Arab and foreign currencies in Iraqi dinars on Tuesday 9-20-2016
BAGHDAD / Sky Press: Read more…

Iraqi Dinar Guru opinions 9-19-16

Iraqi Dinar Guru opinions 9-19-16

9-19-2016 Intel Guru Dr. Clarke It is our belief and opinion, that the Iraq Dinar and the Vietnam Dong, will both, significantly increase their “in-country” rate and their “out-country” exchange rates, relatively close in time, to one another, with a very high probability of happening at the exact, same time. …VN’s been ready for quite some time & wanted to move, but advised to “sit a little longer”…Iraq has (behind the scenes & quietly) moved quickly on a few things, and ISIS (Security) is where they want it (and a few other things), Iraq can move – and with VN, as well. This next 8 DAYS is what we’ve been looking at ALL YEAR, according to “Plan”, SINCE JANUARY…If something snags this week, we’ll know it by OCT. 1…but until then, everything is set to move. Our eyes are fixed squarely on the last week of SEPTEMBER.. Read more…

Iraqi Dinar/US Dollar auction results 9-19-16

Iraqi Dinar/US Dollar auction results 9-19-16

Results currency auction
Announcement No. (3279)

Opening Offers sale and purchase of foreign currency daily window in the Iraqi Central Bank on Monday to brief summary of 09.19.2016 and the results were as follows: Read more…

Rate of Arab and foreign currencies in Iraqi dinars on Monday 9-19-2016

Rate of Arab and foreign currencies in Iraqi dinars on Monday 9-19-2016

Published on: 9-19-2016, 09:35

Rate of Arab and foreign currencies in Iraqi dinars on Monday 9-19-2016
BAGHDAD / Sky Press: Read more…

The dollar stabilized today at 1294 dinars

The dollar stabilized today at 1294 dinars

09.19.2016 9:43

[Oan- Baghdad]
recorded a foreign currency markets in Iraq, on Monday morning, a stable dollar exchange rate against the Iraqi dinar.
And record market price in exchange struggle in Baghdad at half past nine in the morning in Read more…

Iraqi Dinar Guru opinions 9-18-16

Iraqi Dinar Guru opinions 9-18-16

9-18-2016 Newshound Guru Aggiedad77 Article: “Kurdish source: Washington got a pledge from the leaders of the political blocs to postpone the withdrawal of confidence from Zebari three months” …IF…we are so close to some “event” happening…it wouldn’t make sense to try a new recipe to bake a cake would it…that to me makes perfect sense with Zebari as well… Here we stand on the precipice that ledge…the skinny and narrow ledge where a step of faith is being required…why make that step with an unknown… Zebari may not be an angel…but he has the knowledge…he knows the numbers…he understands the workings of what is expected to kick their Monetary Reform into full gear…warp speed…Anyone one else would have to review the recipe and make sure the ingredient are to their liking…remember the IMF is telling them NO MORE DELAYS…get ‘er done boys…The US has the clout to keep Zebari right where he is and they are playing that card to keep the steam in the engine…leave the recipe alone the US is telling Abadi to tell the rest of the GOI…make this cake so Iraq can rock the world…by November… Read more…

Iraqi Dinar/US Dollar auction results 9-18-16

Iraqi Dinar/US Dollar auction results 9-18-16

Results currency auction
Announcement No. (3278)

Opening Offers sale and purchase of foreign currency daily window in the Central Bank of Iraq on Sunday for a brief summary 18.09.2016 and the results were as follows: Read more…

Rate of Arab and foreign currencies in Iraqi dinars on Sunday 9-18-2016

Rate of Arab and foreign currencies in Iraqi dinars on Sunday 9-18-2016

Published on: 9-18-2016, 10:00

Rate of Arab and foreign currencies in Iraqi dinars on Sunday 9-18-2016
BAGHDAD / Sky Press: Read more…

Specialists warn of a continuing rise in the dollar and claim to control it

Specialists warn of a continuing rise in the dollar and claim to control it

09/18/2016

BAGHDAD / JD / .. warned a number of specialists in the financial regard by the continued rise in the dollar exchange rate against the dinar, which would considerably damage the local currency, calling on the central bank to putting in place mechanisms to control it.
The dollar exchange rate has reached during the days of Eid al-Adha 1300 dinars to the dollar.
He says a member of the Finance Committee MP Ahmed Rashid, the supply and demand controls the price of the Read more…

The dollar stabilizes at 1295 dinars

The dollar stabilizes at 1295 dinars

9/18/2016 10:04

[Oan- Baghdad]
recorded a foreign currency markets in Iraq, on Sunday morning, a stable dollar exchange rate against the Iraqi dinar.
And record market price in exchange struggle in Baghdad at half past nine in the morning Read more…

Iraqi Dinar Guru opinions 9-17-16

Iraqi Dinar Guru opinions 9-17-16

9-17-2016 Intel Guru Frank26 [Have Iraq banks completed request by the CBI to electronically comply by September…?] …yes IMO…yes the banks of Iraq are set to make loans to citizens…to give out credit cards…to open up accounts…to help investors that are going to be coming in…electronically they are advanced…yes they are ready…but it is useless…it is all useless until they raise the value of their currency. Read more…

Rate of Arab and foreign currencies in Iraqi dinars on Saturday 9-17-2016

Rate of Arab and foreign currencies in Iraqi dinars on Saturday 9-17-2016

Published on: 9-17-2016, 09:45

Rate of Arab and foreign currencies in Iraqi dinars on Saturday 9-17-2016
BAGHDAD / Sky Press: Read more…

Iraqi Dinar Guru opinions 9-16-16

Iraqi Dinar Guru opinions 9-16-16

9-16-2015 Newshound Guru Enorrste …the IQD will be destroyed as they come in over time. It will take some time to reduce the money supply from 40 trillion dinars to 40 billion dinars. As this is done the value will increase. It must be done incrementally to avoid a liquidity crisis. With respect to the 50K notes they did NOT increase the money supply. They were issued in exchange for 25000 notes so it was an even exchange. The 25000 notes are either being held at the CBI (thus not part of the money supply, just as any new money held there is not part of the money supply until it is issued) or it has been destroyed. The slight rise in the money supply is caused by the CBI in order to maintain liquidity and has nothing directly to do with the 50K notes. …the 50K notes have done their job: hence, no need for the 100K notes. That job was to initiate the removal of the 25K notes from people’s mattresses. It will be excelerated by the offer of the dinar at 1200 per dollar through these major banks. Read more…

Dollar at 1300 Iraqi dinars

Dollar at 1300 Iraqi dinars

09/16/2016 11:10

[Oan- Baghdad]
recorded a foreign currency markets in Iraq, on Friday morning, a slight rise of the dollar exchange rate against the Iraqi dinar.
And it amounted to dollar selling prices of banking companies in 1300 dinars to the dollar any 130 000 dinars for one hundred dollars, while the purchase price Read more…

Iraqi Dinar Guru opinions 9-15-16

Iraqi Dinar Guru opinions 9-15-16

9-15-2016 Newshound Guru Kaperoni this should get us all excited…From the IMF SBA…: “The authorities will gradually remove remaining exchange restrictions and multiple currency practice (MCP) (MEFP, 14). Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.9 As a first step, the Council of Ministers will approve and introduce to parliament an amendment of the Investment Law, or the CBI will issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction (SB, Table 5), as recommended by a recent technical assistance mission of the IMF. As a second step, the CBI will increase the sale of foreign exchange for valid current exchange transactions on the official market in order to reduce the spread between the official and parallel exchange rates (10). In particular, the CBI will, by the end of 2016, make the weekly limits on the purchase of cash at the weekly foreign currency auctions indicative, in the sense that any bank requiring additional cash for legitimate travel expenses for its clients will be able to obtain the required amount above these limits on the basis of appropriate documentation.” Read more…