Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar exchange rate against the dollar on Tuesday 6-2-15

Iraqi Dinar exchange rate against the dollar on Tuesday 6-2-15

02-06-2015 08:59 AM

Iraq today
Iraqi dinar exchange rate against the US dollar on Tuesday in the Iraqi banks and markets: Read more…

Cabinet agrees to meet the customs tariff on all border crossings starting next August expanded

Cabinet agrees to meet the customs tariff on all border crossings starting next August expanded

6.2.2015 six forty-eight p.m.

{Baghdad: Euphrates News} Council of Ministers agreed to meet customs tariff in all border crossing points, without exception, as well as taxes, including taxes on Kartat mobile phone, automotive, sales tax starting from 08/01/2015.

A statement by the Council of Ministers received {Euphrates News} a copy of it today, that “the Council of Ministers held its regular twenty-second for 2015 in Baghdad, and approved through which to Read more…

Iraqi Dinar Guru opinions 6-1-15

Iraqi Dinar Guru opinions 6-1-15

6-1-2015 Newshound Guru Tlar The reason the CBI is planning for a more valuable series of bank notes is because this will help solve the liquidity problem because as these notes are introduced, the hope is that they will temporarily reduce the need for higher note USD that is principally being sold at the auctions. The CBI is scrambling to fix the liquidity problem but that will take time. Money has to work its way into the economy. They can’t just dump it in. Personally I think the program to produce these big notes is dead before it begins especially if it will take until 2016 to start to introduce them. Too little too late. They need to do something now and that something in my opinion is to get the RV into high gear now. We are starting to see articles from other economists that feel the same way. Introduce a smaller note with value. No good argument can be made for introducing a large note at this time. If someone is going to attempt to counterfeit a small note, surly they will also counterfeit a larger note with large value. Introducing a new note is still introducing a new note and counterfeiters are more likely to try to produce a big note. Personally I think it would make much more sense to just RV NOW, rather than wait until 2016 to introduce the large notes. I think that is what they will do. Read more…

Iraqi Dinar/US Dollar auction results 5-31, posted 6-1-15

Iraqi Dinar/US Dollar auction results 5-31, posted  6-1-15

Currency Auction Results Announcement No. (2961)

Opening Offers sale and purchase of foreign currency daily window nine hundred and sixty-one and two thousand in the Central Bank of Iraq on Sunday, the day on 05.31.2015 and the results were as follows: Read more…

Is the strategic balance of the Central Bank of Iraq is in danger?

Is the strategic balance of the Central Bank of Iraq is in danger?

June 1, 2015

Iraq faces in light of security and economic situation many challenges spawned many of the economic problems, especially the war against state regulation “Daash” , And a liquidity crisis in the country, and its impact on the financial budget suffered a deficit exceeded $ 25 billion this year.
On the other hand Read more…

Governor of the Central Bank: Other banks will join for the adoption of a fixed selling price for the dollar

Governor of the Central Bank: Other banks will join for the adoption of a fixed selling price for the dollar

Monday 01 June 2015

Qurtas News / Baghdad
Detection Governor of the Central Bank of Iraq on the Keywords, Monday, about the existence of new banks would join soon to the banks, which began the adoption of a fixed selling price for the dollar.

Keywords and said for “Ply News”, “13 Iraqi private banks recently began selling B1193 dinars per dollar with a view to re-stabilize the exchange rate Read more…

Iraqi Dinar exchange rate against the dollar on Monday 6-1-15

Iraqi Dinar exchange rate against the dollar on Monday 6-1-15

01-06-2015 08:59 AM

Iraq today
Iraqi dinar exchange rate against the US dollar on Monday in Iraqi banks and markets: Read more…

Corruption and manipulation in the printing of the new currency

Corruption and manipulation in the printing of the new currency

01-06-2015 03:12 PM

Iraq today
The parliamentary finance committee on Monday confirmed the existence of corruption and manipulation in the new currency printed categories of 50 Thousand and 100 thousand as shown Finance Committee member Magda Tamimi said the central bank in connection with the issuance of the two categories of 50 and 100 000 dinars cash currency to Read more…

Iraqi Dinar Guru opinions 5-31-15

Iraqi Dinar Guru opinions 5-31-15

5-31-2015 Newshound Guru Millionday THEY FORMED A GROUP TO MONITOR THE MONETARY POLICY LAUNCH AND ECONOIC REFORM AS WELL… Article quote: “it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils)” THIS IS FROM LEADING ECONOMIST… HE IS ANNOUNCING THE NEW DENOMINATIONS THAT THEY WILL NEED TO USE. THE NEW CURRENCY THEY ARE TALKING ABOUT TO BE INTRODUCED NOW…ARE MUCH MORE SECURE THAN THOSE IN THE PAST AND THEY ARE SAYING MORE SECURE THAN OTHER COUNTRIES. […is this new currency printed and ready to go…?] THEY HAVE CURRENCY PRINTED… Read more…

Iraqi Dinar/US Dollar auction results 5-28, posted 5-31-15

Iraqi Dinar/US Dollar auction results 5-28, posted 5-31-15

Currency Auction Results Announcement No. (2960)

Offers were opened daily buying and selling of foreign currency window nine hundred and sixty two thousand in the Iraqi Central Bank on Thursday to brief summary of 05.28.2015 and the results were as follows: Read more…

(Daash) prevents banking offices in Mosul of “manipulation” of the Iraqi currency and sell the dollar on credit

(Daash) prevents banking offices in Mosul of “manipulation” of the Iraqi currency and sell the dollar on credit

5.31.2015 ten nineteen

Long-Presse / Nineveh
According to a local source in Nineveh province, on Sunday, that the organization (Daash) issued instructions to organize the work of banking offices in Mosul (405 km north of Baghdad), the prevention of which the sale of Iraqi currency by category, and to deal in dollars on credit, while vowing offenders to “severe penalties “.
The source said in an interview to the (long-Presse), “The so-called Read more…

Parliamentary Finance: We fear that accompanies the process of reducing the size of the money supply

Parliamentary Finance: We fear that accompanies the process of reducing the size of the money supply as the rest of the corruption of previous years

31/05/2015 12:20

{Baghdad: Euphrates News} head of the parliamentary finance committee Magda Tamimi said on Sunday, “We fear that accompanies reduce the size of the money supply as the rest of the corruption of previous years process, claim the House of Representatives to” take all reserves and caution. ”
Said al-Tamimi told {Euphrates News} today that “the new currency printed came to reduce the money supply in the country the size, and will be one of a class {50-100} It is easy to carry for the Iraqi citizen.”
She noted that “change the currency will not affect the inflation, Read more…

Iraqi Dinar exchange rate against the dollar on Sunday 5-31-15

Iraqi Dinar exchange rate against the dollar on Sunday 5-31-15

31-05-2015 09:07 AM

Iraq today
Iraqi dinar exchange rate against the US dollar on Sunday in Iraqi banks and markets: Read more…

Economist: the issuance of a new class of the coin is not to improve the situation directly

Economist: the issuance of a new class of the coin is not to improve the situation directly

5-31-2015

Roudao – Arbil saw economist, Jamil Antoine, that the new currency issue or deletion of zeros from the Iraqi currency, the restructuring process and not to improve the situation directly.

The Central Bank of Iraq, decided after the federal government is required to wait in the implementation of the project to delete the zeros and get rid of the cluster Cash flabby Iraqi currency through printed Banknotes category 50 000 dinars, also advised specialists Read more…

Parliamentary Economy: the value of assets in the Central Bank of Iraq up to 66 trillion dinars

Parliamentary Economy: the value of assets in the Central Bank of Iraq up to 66 trillion dinars

Posted, May 31, 2015 18:16

Baghdad / Baghdad Uz..cdt the economic and investment commission in Parliament, on Saturday, that the value of the assets at the central bank up to 66 trillion dinars, expected to amount up to 70 trillion by the end of this year.
Said committee member olive-Dulaimi, in an interview with / Baghdadi News / “The Governor of the Central Bank on the Keywords and during his stay in the meetings of the Committee, revealed the existence Read more…

Iraq looking to get credit rating

Iraq looking to get credit rating

5/31/2015 0:00

In order to issue denominated foreign bonds in dollars
BAGHDAD – Mostafa Hashemi
said Iraq’s intention to issue IOUs sovereign, internal and external, for the purpose of finding funding to cover the budget, which is estimated at about a quarter of the amount of the budget for the current year’s 119 trillion and 585 billion and 322 million and 783 000 dinars deficit.
According to Article ( 2 / II / a) of the budget law, the amount of the deficit is covered from internal and external borrowing, and because Read more…

Iraqi Dinar Guru opinions 5-30-15

Iraqi Dinar Guru opinions 5-30-15

5-30-2015 Newshound Guru Breitling [Article: In an important step to support the economy through monetary reform the central bank of Iraq plans to introduce bank notes with larger values than the ones in circulation…the market needs large value bank notes because dealing with the large blocks of money in Iraq is very difficult…this plan will reduce the amount of money especially large blocks and make up 90% of the money supply in circulation…the country is suffering from a contraction of liquidity in both dinar and dollars.] there are not enough dinars out there. Why? Because they have reduced the note count. There’s not enough dollars out there. Why? Because they are sucking in the dollars to put in their reserves. Here’s the part where people get confused every time… Read more…

Bank official is expected to continue a volatile dinar exchange rate in the near term

Bank official is expected to continue a volatile dinar exchange rate in the near term

Saturday 30-05-2015 | 2:47:57

Twilight News / Iraqi banking official predicted on Saturday continued fluctuation of the dinar exchange rate against the dollar in the near term due to increased demand for hard currency, after the financial authorities recently taken new measures in an effort to support the local currency.

The record of the Iraqi dinar significant decline against the dollar for the first time in years, the exchange rate was about 1230 dinars to the dollar after it was flat for the past years by about 1220 dinars to the dollar.

A member of the administrative board of the Central Bank to Twilight News that “the approved measures to increase Read more…

Iraqi Dinar exchange rate against the dollar on Saturday 5-30-15

Iraqi Dinar exchange rate against the dollar on Saturday 5-30-15

30-05-2015 08:48 AM

Iraq today
Iraqi dinar exchange rate against the US dollar on Saturday in the Iraqi banks and markets: Read more…

Iraqi Dinar Guru opinions 5-29-15

Iraqi Dinar Guru opinions 5-29-15

5-29-2015 Intel Guru Frank26 Dr. S [Shabibi] got permission from the IMF…the green-light…he told them he needed security and “funding.” That funding was to just last them a month and this month is coming to an end. They are asking for more money … but I don’t think they’ll give it to them. Oil from Iraq will go global. Cities will be secured. Amazing technology being used …in Iraq right now. Our Teams are “cautiously optimistic” because the advancement has happened so fast! We are very impressed. Super high chance before Ramadan. Ramadan officially starts on the 18th of June. Read more…