Posts Tagged ‘Iraqi Dinar’

Cell crisis decides to secure two trillion dinars to pay dues as a down payment Contractors

Cell crisis decides to secure two trillion dinars to pay dues as a down payment Contractors

Editor Mohammed Shafiq – Sunday 3 May 2015 20:18

Alsumaria News / Baghdad
I decided the crisis cell headed by Prime Minister Haider al-Abadi , Sunday, securing the amount of two trillion dinars to pay dues Contractors ongoing projects to sustain economic activities as a down payment.

Ebadi said Office in a statement Alsumaria News received a copy of it, “the Prime Minister Haider al-Abadi presided, today, the second Read more…

Barzani: If Baghdad dealt with Kurdistan as a buyer of oil must conclude another agreement

Barzani: If Baghdad dealt with Kurdistan as a buyer of oil must conclude another agreement

M P SUNDAY 0.03 MAY 2015 01:29

Twilight News / saw the head of the Kurdistan Regional Government Nechirvan Barzani, held last oil deal with Baghdad in the event of Arbil dealt with as a buyer of oil.

The Erbil and Baghdad have agreed to export 250 thousand barrels of oil in the Kurdistan Region, and 300 thousand barrels of Kirkuk to the oil pipeline run by the Iraqi government, but the implementation process faced a technical problem.

Barzani said according to news satellite Roudao Kurdish, that “the region deal with Baghdad was based on the federal fiscal budget bill, Read more…

Private banks critical of its own law and the government are given: will be amended

Private banks critical of its own law and the government are given: will be amended

03/05/2015 (00:01 pm)

BAGHDAD / long-Presse

Private banks promised that its own law is not commensurate with the current stage of the country, and showed that the law needs to amend the comprehensive allows it to enter into large-scale projects, while the government has confirmed an intention to amend the law as soon as possible and supported by more than a project, specialists found that Read more…

Iraqi Dinar Guru opinions 5-2-15

Iraqi Dinar Guru opinions 5-2-15

5-2-2015 Intel Guru Delta I GOT YOU SOME INFORMATION ON HOW STANDARD AND POORS RATE SOVEREIGNS. STANDARD AND POOR’S: “Three factors also drive a sovereign’s external score, namely our view of the status of a sovereign’s currency in international transactions, the sovereign’s external liquidity, and its external indebtedness, which shows residents’ assets and liabilities relative to the rest of the world. The initial rating process typically takes four to six weeks to complete, but can run longer or shorter. This initial process begins when the contract is signed and generally ends with the publication of the rating.” IT’S VERY CLEAR THAT IRAQ NEEDS AN INTERNATIONAL RATE BEFORE THEY GET THE CREDIT RATING, ALSO THE WHOLE PROCESS COULD TAKE 4-6 WEEKS. Read more…

Auction remittances

Auction remittances

2/5/2015 0:00

BAGHDAD – Mostafa Hashemi
regulated by the Central Bank in the twelfth of this month, the auction of a Hawwalath of the 91-day amount emissivity 200 billion dinars.
, said a source at the bank for “morning” that this auction is the tenth of its kind within the central plan to issue Hawwalath, expressing hope that Read more…

Iraqi Dinar Guru opinions 5-1-15

Iraqi Dinar Guru opinions 5-1-15

5-1-2015 Newshound Guru Enorrste Article quote: “The Central Bank of Iraq, said he plans to issue a new currency from the category of 50 dinars after deletion of zeros which is equivalent to $50 thousand dinars at the moment.” I am somewhat surprised that some seem to have passed over the clear statements from the CBI that the notes will be 50 and 100 dinar notes with the “current” value of 50000 and 100000 dinars. I am absolutely jubilant instead of “cautious” or “apprehensive.” Clearly we are within days or at most weeks of a change in the exchange rate regime…this is a “prerequisite” toward making the change. Some bills need to be passed but don’t necessarily have to be passed prior to the change in the regime. In any case, Parliament has said that it will take up the currency in the coming week, so I am again confident and jubilant. One final comment…: the Parliament does not have to “pass” a change or addition in currency. That right resides with the CBI alone. It is stated in the 2004 CBI institution law and also in the Constitution that the issuance of currency is within the pervue of the CBI only. Get excited, folks! This is as close as we’ve ever come. I just love the fact that KAP [GURU KAPERONI] pointed out the word “prerequisite.” That means that something else will follow this move. Yippee! Read more…

Iraqi dinar exchange rate against the dollar in Iraqi banks and markets 1-5

Iraqi dinar exchange rate against the dollar in Iraqi banks and markets 1-5

11:50 01/05/2015

US $ 1 = 1,159.6400 Iraqi dinars

In dollar exchange rate of 1,300 Iraqi market Read more…

Iraqi Dinar Guru opinions 4-30-15

Iraqi Dinar Guru opinions 4-30-15

4-30-3015 Newshound Guru Kaperoni With the 50 dinar note being officially demonetized on Thursday, April 30th, we can begin to wonder if currency reform is coming soon. Several articles surfaced during the month of April indicating there is a determination to issue a 50 (50,000) and 100 (100,000) dinar notes as stated as..”a prerequisite to the deletion of zeros.” If this scenario is correct, this means the CBI is preparing for the transition. That issuing of the 100 and 50 would be the first step towards beginning to raise the exchange rate, and moving towards a currency without 3 zeros (and as stated in the articles as a “prerequisite.”…Inevitably gaining enough value to introduce even more smaller notes such as a 20, 10, 5 and 1 dinar over a period of time as the dinar rises. This scenario is what we want to happen. This would be the beginning of the restructuring of monetary policy and the dinar. This would allow us as dinar investors the greatest potential gain as Iraq’s economy prospers. Read more…

Iraqi Dinar Guru opinions 4-29-15

Iraqi Dinar Guru opinions 4-29-15

4-29-2015 Newshound Guru wmawhite The current 50 IQD notes are forever gone by at mid night tomorrow. At mid night tomorrow they do not exist…and this is where it gets good for us…three weeks ago the cbi told everbody to expect a 50 and 100 IQD note with the like value of 50,000 IQD and 100,000 IQD. How can a 50 IQD note that today is valued at $0.045 become worth $43.00…or a 100 IQD note that today would be valued at $0.09 become worth $86.00? this is what the CBI is telling the citizens of Iraq. They remove a 50 IQD note because it is not used/no security and it is not used because its value is only $0.045 but then say look for these new notes worth 1,000s of times more value. Read more…

Public Prosecution recover millions of dollars disappeared in the Maliki government

Public Prosecution recover millions of dollars disappeared in the Maliki government

April 29, 2015, 14:05

BAGHDAD – ((eighth day))

Specialized commercial proceedings in the Supreme Judicial Council in Iraq, the Court affirmed, on Wednesday, said that the public prosecutor was able to “recover millions of dollars for the state disappeared impact of corruption and Read more…

Najiba Najib: World Bank loan is not enough to fill the budget deficit

Najiba Najib: World Bank loan is not enough to fill the budget deficit

29/04/2015

BAGHDAD / … stressed member of the economic and investment commission parliamentary Najiba Najib, Wednesday, that the loan obtained by the Ministry of Finance of the International Monetary Fund is not enough to fill the state budget deficit, estimated at 25 trillion Iraqi%.

Said Najiba for “Eye Iraq News” that the loan is sufficient to meet Read more…

Parliamentary Finance: banks are smuggling hard currency entitled goods

Parliamentary Finance: banks are smuggling hard currency entitled goods

29/04/2015 09:44 GMT

Agencies – stressed the parliamentary Finance Committee member Jabbar Abdul Khaliq, said the banks are smuggling difficult process entitled merchandise is transferred outside the border amounts to its customers.
Abdul disagreement in a press statement on Wednesday, said that after a review of these amounts show the lack of true and clear Read more…

Iraqi Dinar Guru opinions 4-28-15

Iraqi Dinar Guru opinions 4-28-15

4-28-2015 Intel Guru Frank 26 Abadi arrived in DC…it was a very quick visit with O [Obama]. In that process Abadi goes and talks to different departments and asks for certain things. Abadi asked for some money because originally the IMF turned him down. And we were all excited thinking that the IMF wouldn’t give Iraq any more money. Then 48 hours later they gave them some money. Abadi went back to Iraq and told Dr. Shabibi that they have a little extra time. Abadi gets chewed out…told that he is doing a good job BUT they told him to get something’s done…to convince Dr. Shabibi that he was given the green-light and unless Dr. S is colorblind what is wrong with him? The US wants this done before Ramadan! So Abadi goes back to Iraq…meets with Governor of CBI telling him to get this thing done that they gave them just enough to get thru April. There is a push from Abadi onto Shabibi and the CBI to get the MR [Monetary Reform] done. The CBI books cannot give you a date but the info leaking out is a rate. It appears to start out at .85 cents to about a dollar. That is a rate… The dinar is going to go International pretty soon …at a new exchange rate! Read more…

Iraqi Dinar/US Dollar auction results 4-27, posted 4-28

Iraqi Dinar/US Dollar auction results 4-27, posted 4-28

Currency Auction Results
Announcement No. (2939)

Opening Offers sale and purchase of foreign currency daily nine hundred and thirty-nine window after two thousand in the Iraqi Central Bank on Monday to brief summary of 27.04.2015 and the results were as follows: Read more…

Parliamentary Finance: Central Bank has processors to maintain the exchange rate of the dollar

Parliamentary Finance: Central Bank has processors to maintain the exchange rate of the dollar

28/04/2015 10:11

Press direction – special
The parliamentary finance committee confirmed that the Central Bank of Iraq is the party responsible for the exchange rate of the dollar against the Iraqi dinar and maintain it.
Committee member Jabbar Abdul-Khaliq said in an interview with “direction Press” that the central bank put a lot of processors Read more…

Parliamentary Finance: high dollar prices of the subject temporary

Parliamentary Finance: high dollar prices of the subject temporary

4/28/2015 0:00

Central Bank to take action to reduce the phenomenon of money laundering
BAGHDAD Shaima Rashid
parliamentary Finance Committee explained that the rising dollar Annie subject of prices will end as soon as the improved economic situation and the rise in oil prices in world markets and rising Iraqi oil exports in return, noting that the Read more…

Iraqi Dinar Guru opinions 4-27-15

Iraqi Dinar Guru opinions 4-27-15

4-27-2015 Newshound Guru Millionday Article quote: “the IMF International issued the list of directives, internationally agreed upon to determine the state basket and what are the international currencies, gold and bond rate…” THIS LOOKS LIKE THEY ARE CALLING FOR RATES TO BE CALCULATED. DIRECTIVES? ISSUED THE LIST OF — DIRECTIVES–(ORDERS) TO DETERMINE — THOSE RATES — IT APPEARS…AND CBI GOV HAS CALLED FOR IN INK — THE ECONOMIC REFORM TO BE ACTIVATED…WHOOOPOW.

4-27-2015 Newshound Guru Kaperoni Article: “Economy calls for parliamentary approval of the Central Bank Law and the “removal” of the government” It seems pretty clear that the powers to be, the IMF, WB and UST are not going to let Iraq move forward with reforms until they pass a law to make sure the CBI is independent. Another law we are waiting on. A law in parliament that assures the complete independence of the CBI from the GOI. We have seen references to a law of independent bodies. I would assume that is what we want to see passed. Read more…

Iraqi dinar exchange rate against the dollar in Iraqi banks and markets 4-27

Iraqi dinar exchange rate against the dollar in Iraqi banks and markets 4-27

09:38 27/04/2015

US $ 1 = 1,157.4500 Iraqi dinars

1 Iraqi Dinar = 0.0009 US dollars Read more…

Gold recorded a decrease in Iraq today is the lowest in four months

Gold recorded a decrease in Iraq today is the lowest in four months

27/04/2015 08:22 GMT

Agencies – Gold prices were recorded in Iraq on Monday, down is the minimum is in the local markets for nearly four months, influenced by a sharp decline in global markets.
And saw the price of gold fell sharply during the last trading last week where on the gold the lowest level in the last four months and was able to break the critical support level at $ 1180 per ounce (approximately 31 grams) as a result of Read more…

Saleh: high dollar returns to restrict the central bank to sell limited quantities

The appearance of Mohammed Saleh: high dollar returns to restrict the central bank to sell limited quantities

27/04/2015 08:33 GMT

Agencies –
Economic Adviser to the Prime Minister attributed the appearance of Mohammed Saleh rise in dollar prices in the domestic market, the central bank to restrict the sale in limited quantities, according to the text of the 2015 budget law.

Saleh said that “the quantities sold of hard currency and the US dollar from the central bank if they meet the demand for the dollar Read more…