Posts Tagged ‘Iraqi Dinar’

Finance Committee: issuing banknotes which include the marshes and Antiquities does not need to enact a law

Finance Committee: issuing banknotes which include the marshes and Antiquities does not need to enact a law

07/20/2016

BAGHDAD / JD / .. the parliamentary finance committee confirmed, that the issuance of banknote by the Central Bank of Iraq, which included the marsh sites and relics does not require new legislation.
A member of the committee MP Ahmed Sarhan told / KD / that “the Central Bank Law gave permission to a central cash by issuing new editions, where the central bank when it issued the 50,000 dinars edition did not consult any party.”
He added that “the central bank’s intention to issue banknotes Read more…

Exchange rate and disinformation

Exchange rate and disinformation

7/20/2016 0:00

Mohammed Sharif Abu Mayssam
repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios, and that the reserves which currently stands at rates around $ 54 billion with nearly 80 tons of gold should be reflected in the local currency value against foreign currencies, which in turn will Read more…

Iraqi Dinar Guru opinions 7-19-16

Iraqi Dinar Guru opinions 7-19-16

7-19-2016 Newshound Guru Aggiedad77 Article: “THE WORLD BANK AND THE GOVERNMENT OF JAPAN TO BOOST INCLUSIVE GROWTH AND DEVELOPMENT OF THE PRIVATE SECTOR IN IRAQ” Keep in mind…that this money spoken of here is completely different than the “loans” the IMF has provided to Iraq…and in much of the situations where this arm of the WB is involved…this money does not require payback…but…the WB is getting involved to provide oversight on how the money will be used, where it will be used, and what programs get earmarked for it…can you say “ORGANIZATION”. That is a good thing…these private sector entities are being pulled together and targeted for funds and assistance in a way that will promote “reforms” and the “private sector” for Iraq…more of the progress we want and need to see for them. Read more…

Iraqi Dinar/US Dollar auction results 7-19-16

Iraqi Dinar/US Dollar auction results 7-19-16

Results currency auction
Announcement No. (3242)

Opening Offers sale and purchase of foreign currency daily window in the Iraqi Central Bank on Tuesday to brief summary of 07.19.2016 and the results were as follows: Read more…

Rate of Arab and foreign currencies in Iraqi dinars on Tuesday 7-19-2016

Rate of Arab and foreign currencies in Iraqi dinars on Tuesday 7-19-2016

Published on: 7-19-2016, 10:38

Rate of Arab and foreign currencies in Iraqi dinars on Tuesday 7-19-2016
BAGHDAD / Sky Press: Read more…

Iraqi Dinar Guru opinions 7-18-16

Iraqi Dinar Guru opinions 7-18-16

7-18-2016 Newshound Guru Millionday Article quote: “Economic Adviser to the Prime Minister, the appearance of Mohammed Saleh, about the deal with the International Monetary Fund as a «financial protection for Iraq» and expressed optimism about the improvement in the credit and financial viability of Iraq by the surge in Iraq ‘s international value of the bonds that created until 2028, amounting to $ 2.7 billion revealed , particularly after the IMF approved a loan worth $ 5.3 bill” THE IMF HELP IS SEEN AS SECURITY FOR IRAQ. GLOBAL INVESTMENTS WILL HELP WITH CREDIT RATING – A LOT BETTER THAN NOT. THE BONDS OUT CREATE A BETTER ECONOMIC PICTURE FOR IRAQ GLOBALLY. THE IMF IS HELPING IRAQ TO STAND ON THEIR FEET AND HELP THE ECONOMIC CONDITION AS THEY GO TO MARKET. THE EXACT FIGURES ARE NOT INCLUDING THE PAST BUT WILL STILL CREATE A WAY TO MAKE IT RIGHT BUT THE CALCULATION WILL BE ABOUT THE IRAQ THAT STANDS NOW – EXCELLENT. Read more…

Iraqi Dinar/US Dollar auction results 7-18-16

Iraqi Dinar/US Dollar auction results 7-18-16

Results currency auction
Announcement No. (3241)

Opening Offers sale and purchase of foreign currency daily window in the Iraqi Central Bank on Monday to brief summary of 18.07.2016 and the results were as follows: Read more…

An invitation to issue dinar-mail

An invitation to issue dinar-mail

7/18/2016 0:00

BAGHDAD Hussein al – Tamimi Tgb
economist who proposed the issuance of e – dinar and entered in banking transactions, particularly in the area of government levies , as well as work hard to attract the Iraqi currency and introduced into the banking system to encourage the banking savings process, also examined the money and the economy , restructuring the State – owned banks and the balance Read more…

Rate of Arab and foreign currencies in Iraqi dinars on Monday 7-18-2016

Rate of Arab and foreign currencies in Iraqi dinars on Monday 7-18-2016

Published on: 7-18-2016, 10:10

Rate of Arab and foreign currencies in Iraqi dinars on Monday 7-18-2016
BAGHDAD / Sky Press: Read more…

IMF says no reason to devalue Iraqi Dinar

IMF says no reason to devalue Iraqi Dinar

Posted, Jul 17, 2016

(IraqiNews.com) BAGHDAD – International Monetary Fund (IMF) has approved a three-year $5.34 billion loan for Iraq. The loan is focussed on implementing economic and financial policies to help Iraq cope with lower oil prices and ensure debt sustainability.

In a statement issued by the IMF it was mentioned that the loan would be provided under the ‘Stand-By Agreement’ facility and it includes measures to protect vulnerable populations.

In an interview with IMF news, the transcription of which was also obtained by Iraqi News, IMF mission chief Read more…

Iraqi Dinar Guru opinions 7-17-16

Iraqi Dinar Guru opinions 7-17-16

7-17-2016 Newshound Guru Millionday Article quote: “The Iraq Mission Chief for the International Monetary Fund (IMF) has said that he sees no reason to devalue the Iraqi dinar “under current circumstances“, and says the authorities are “committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar“. DEVALUING OBVIOUSLY WOULD NOT HELP IRAQ AT ALL WHILE THEY ENTER THE MARKET. SO AS WE SEE AS WE KNEW — THE DINAR WILL BE ACCORDING TO THIS REPORT PEGGED TO THE USD. Read more…

Iraqi Dinar/US Dollar auction results 7-17-16

Iraqi Dinar/US Dollar auction results 7-17-16

Results currency auction
Announcement No. (3240)

Opening Offers sale and purchase of foreign currency daily window in the Central Bank of Iraq on Sunday for a brief summary 17.07.2016 and the results were as follows: Read more…

Rate of Arab and foreign currencies in Iraqi dinars on Sunday 7-17-2016

Rate of Arab and foreign currencies in Iraqi dinars on Sunday 7-17-2016

Published on: 7-17-2016, 09:51

Rate of Arab and foreign currencies in Iraqi dinars on Sunday 7-17-2016
BAGHDAD / Sky Press: Read more…

Iraqi Dinar Guru opinions 7-16-16

Iraqi Dinar Guru opinions 7-16-16

7-16-2016 Newshound Guru wmawhite bottom line is; look around the region and ask …”when Iraq is compared to the other countries and their GDP is the true value of Iraq reflected in their currency at $0.00086?” Simply; No. And this is why Iraq does not use it and that there are obstacles preventing it from being used as Citibank stated. IMO, when those obstacles are removed and the movement of the IQD is freed, IMO the CBI will move the value of the IQD to reflect its true value. Read more…

Iraqi dinar exchange rate against the US dollar in the banks and the Iraqi market 7-16-2016

Iraqi dinar exchange rate against the US dollar in the banks and the Iraqi market 7-16-2016

15:50 16/07/2016

Iraqi dinar exchange rate against the US dollar in the banks and the Iraqi market: Read more…

Iraqi Dinar Guru opinions 7-15-16

Iraqi Dinar Guru opinions 7-15-16

7-15-2016 Intel Guru Frank26 …it is very important that you understand the United States and Kuwait government devalued the Kuwait currency down to zero, practically nothing…and Saddam Hussein was the reason…so America comes in…and the first thing that we did was Marshall Law…and we took over the banking structure…In other words everything I’m telling you is the equivalent…and it is happening in Iraq…with very slight differences…using the American dollar until they were ready to bring back the Kuwait dinar…back to the international rate…with these loans they will quickly remove anything that is left as a remainder of Article 8…once they do qualify and all of Article 8 is removed…MO…all they need to do is raise the value of their currency…and that is it…that should be the final restriction.. Read more…

Central counting on the company, “guarantee” to compensate depositors of banks “losers”

Central counting on the company, “guarantee” to compensate depositors of banks “losers”

15/07/2016 15:13

Long-Presse / Baghdad
The Central Bank of Iraq, on Friday, the possibility of compensating depositors of citizens in banks, “losers” in case I worked, “Deposit Insurance” company, while attributing Bankers reluctance of private banks to “liquidity squeeze” as a result of contractors and importers were unable to pay the discharged her.
A member of the Board of Directors, Ahmed Rehn, said in an interview to the (long-Presse), “The Deposit Insurance Corporation, Read more…

Rate of Arab and foreign currencies in Iraqi dinars on Friday 7-15-2016

Rate of Arab and foreign currencies in Iraqi dinars on Friday 7-15-2016

Published on: 7-15-2016, 10:30

Rate of Arab and foreign currencies in Iraqi dinars on Friday 7-15-2016
BAGHDAD / Sky Press: Read more…

Iraqi Dinar Guru opinions 7-14-16

Iraqi Dinar Guru opinions 7-14-16

7-14-2016 Newshound Guru Millionday FORMAL STATEMENT: “President Fuad Masum, on Wednesday, the 58th anniversary of the founding of the Republic of Iraq and the revolution of July 14 to establish diplomatic and economic relations with all countries of the world on the basis of equality and mutual interests, while stressing the need for refusal axes “policy.” PRESIDENT MASUM HAS CALLED ON WED — INDEPENDENCE DAY TO BE THE ESTABLISHMENT ECONOMICALLY WITH ALL THE COUNTRIES OF THE WORLD. ECONOMIC RELATIONS WITH THE ENTIRE GLOBE IS WHAT THE GLOBAL PRICING INDEX WAS DONE FOR – THE ANNOUNCEMENT OF HOW THE VALUE OF THE DINAR AND US DOLLAR WILL COMPARE IN COUNTRY CAN ONLY COME FROM THE GLOBAL PRICING INDEX CALCULATION – NO OTHER WAY NO MATTER WHAT SOME MAY SAY OR MISTAKENLY GUESS — THE OUTSIDE THE COUNTRY VALUES WILL BE A RESULT FROM THIS CALCULATION — ECONOMICS 101. THIS IS GREAT NEWS AND A HUGE FORMAL STATEMENT FOR IRAQ’S PROGRESS AS AN INDEPENDENT AND OF COURSE TOWARD MARKET ECONOMY FOR THE NEW IRAQ. Read more…

Iraq to cut spending in 2016 and owes billions of dollars

Iraq to cut spending in 2016 and owes billions of dollars

14/07/2016 18:44 pm (Baghdad time)

Baghdad balances News
The Iraqi government announced in a memorandum published by the International Monetary Fund that Iraq will cut spending in the non-oil budget in 2016 by 15% and Sestdan billions of dollars in light of falling oil prices more than expected.
Iraq relies’s second-largest oil producer in OPEC crude exports to earn almost all its revenue.
While Iraq is seeking support from donors in the light of the collapse Read more…