Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 4-26-15

Iraqi Dinar Guru opinions 4-26-15

4-26-2015 Newshound Guru Enorrste I misspoke in saying that it would be $1 to 1 dinar when the notes are issued. What I meant to say is that WHEN it gets to $1 per dinar then these notes would be worth $50 and $100 respectively as Saleh said in 2011. The error is mine. …the smaller notes will come out as needed, as the value rises. Since a 25000 note will be worth $2500 at 10 cents per dinar it is clear that the removal of the large notes will occur even before then. This means that the smaller notes, including the 50 and 100 talked…will have to come out well before $1 per dinar, and probably as low as 10 cents per dinar, when they would be worth $5 and $10 each. Then they would rise to an “eventual” value of $50 or $100 according to Saleh. Of course we believe it will go even higher eventually. Read more…

Finance Committee: Kurdistan debt amounting to hundreds of millions of dollars

Finance Committee: Kurdistan debt amounting to hundreds of millions of dollars

26/04/2015 09:24

Arbil / Source News / .. The head of the Finance Committee in the Kurdistan Region Parliament Sabercd attributed to the provincial government’s debt amounting to hundreds of millions of dollars
He told Saber statement / Source News / 22 trillion Iraqi dinars borrowed trillions six of them in 2014 and ten trillion are Read more…

Economists: Central lifted the dollar to cope with the financial crisis

Economists: Central lifted the dollar to cope with the financial crisis

26/04/2015 12:16

Recent central bank measures for the sale of the dollar at auction helped raise the value of the dollar against the dinar.

BAGHDAD / Obelisk: Download a number of experts and specialists in the financial and economic affairs, the central bank responsible for the local currency degradation and raising the US dollar exchange rate, the grounds contain the financial crisis afflicting the country, while warning of Read more…

Finance: reduced state revenues is another reason is added to the rise of the dollar

Parliamentary Finance: reduced state revenues is another reason is added to the rise of the dollar

26/04/2015 12:58

Tomorrow Press / Baghdad: the parliamentary finance committee, confirmed that the decline in fiscal revenues for the state proceeds from the sale of crude oil, another reason is added to the rise in the dollar’s exchange rate against the dinar, calling for activating the non-oil sectors. She said committee member Majda al-Tamimi’s “Tomorrow’s Press,” that ” Last central bank procedures for tax and Read more…

Finance: We are working to detect the smuggling of 200 billion dinars out of the country

Parliamentary Finance: We are working to detect the smuggling of 200 billion dinars out of the country

26/04/2015 (00:01 pm)

BAGHDAD / Noor Ali

Confirmed in the parliamentary finance committee member, on Saturday, that work is underway in the House of Representatives to detect more than 200 billion Iraqi dinars to smuggle out of the country in the past few years, and while he noted that the financial, economic and legal committees in addition to the Presidency working on a mechanism to learn the process of how the money smuggling and detect bodies Shortened, called on the government to invest Read more…

Iraqi Dinar Guru opinions 4-25-15

Iraqi Dinar Guru opinions 4-25-15

4-25-2015 Newshounds Guru Millionday Article quote: “Announced by National Forces Alliance victory for al-Jubouri Cancel House of Representatives legislative holiday for its members for the month of May with a view to the next important laws…” HOLIDAYS ARE CANCELLED FOR THE MONTH OF MAY TO VOTE IN THE IMPORTANT LAWS. Article quote: “Jubouri also demanded the adoption of important laws…as the law of the Federal Court and the law of parties, and the law of oil and gas in addition to the National Guard Law.” THE HCL IS ONE OF THE LAWS THEY ARE GOING TO BE CANCELLING HOLIDAY TO COMPLETE. Read more…

Iraqi dinar exchange rate against the dollar in Iraqi banks and markets 4-25

Iraqi dinar exchange rate against the dollar in Iraqi banks and markets 4-25

09:03 04/25/2015

US $ 1 = 1,185.1400 Iraqi dinars

1 Iraqi Dinar = 0.0008 US dollars Read more…

Central Bank: The rise of the dollar because of customs duties and income tax

Central Bank: The rise of the dollar because of customs duties and income tax

04/25/2015 15:01

Tomorrow Press / Baghdad: Governor of the Central Bank revealed agency on the Keywords, Saturday, that the rise in the dollar against the dinar because of customs duties and income tax on coming to buy the dollar imposed by the government. Alak said for “tomorrow Press”, that “the government began to implement the customs tariff of 5% and income tax of 3% on the traders when buying the dollar from the central bank, “explaining that” Read more…

Economists: the central bank deliberately lifted the dollar to cope with the financial crisis

Economists: the central bank deliberately lifted the dollar to cope with the financial crisis

04/25/2015

BAGHDAD / JD / .. carry a number of experts and specialists in the financial and economic affairs, the central bank responsible for the local currency degradation and raising the US dollar exchange rate, the grounds contain the financial crisis afflicting the country, while warning of rising inflation in the domestic market as a result of the continuing decline in the price of exchange rate of the dinar against the dollar.
He says the economic and investment commission member of the parliamentary Majid Chenkali, that recent central bank measures Read more…

Iraqi Dinar Guru opinions 4-24-15

Iraqi Dinar Guru opinions 4-24-15

4-24-2015 Newshound Guru Breitling [Why bonds in dollars would lead us to believe they are about to raise the value of the dinar?] This is a very important subject. 1. The CBI is trying to suck up the US dollars in Iraq and that has to do with competition within Iraq itself…If they are not using the Dinar they are using the dollar. As long as there are a certain amount of dollars in the economy that destroys the velocity of the dinar. So they simply want to soak it up. It’s very simple. 2. They also want to get Foreign investors in Iraq. And they want to take those Dollars and put it into their foreign currency account…so they can back up what? The dinar and the value of the dinar going up. It’s actually a beautiful plan. They are taking the plays from the playbook of Japan and Germany…it’s no coincidence they have these banking laws coming up…they want to have control of the imports and the exports and that’s why there is banking laws and tariffs and all these new laws they are putting in place…it means 1 thing… Read more…

Iraqi Dinar Guru opinions 4-23-15

Iraqi Dinar Guru opinions 4-23-15

4-23-2015 Newshound/Intel Guru BGG The recent trip to DC could not have gone better for Abadi. He has gained the attention of world leaders and…quite literally, gained the attention of the FINANCIAL WORLD!! I think Abadi came back from DC with the broad based support here, there and in the financial world he will need to get things done in short order. This flurry of activity by both ISIS and his enemies within – was all just “knee-jerk” reaction or attempted counter to how well things were going for the new GOI. Ramadi is now getting serious support from Baghdad – (as soon as he showed back up there), Baiji turned out to be little more than a diversion and the bit about his spokesperson being somehow affiliated with Saddam was handled quickly and appropriately. He stole all the thunder from these potential detractors. He got massive support from the IMF various banks, the US (weapons and aid) and HUGE credibility – which he will need in the near future…and then…We’ve had this rash of “secret meetings” (in the press – ??) lately – more than I can ever recall…one of which was Parliament on Sat and then one with the IMF “allowing” Zebari to sit in…The last week or so has seen a MASSIVE SHIFT in our fortunes… Those of us invested in the currency of this country. Read more…

Blackmail companies transform Iraq into a repulsive environment for investment

Blackmail companies transform Iraq into a repulsive environment for investment

23/04/2015

Ahmed Anbari-Baghdad
Saw Iraq after 2003 is great openness to various political, economic and commercial levels, as shown many international companies desire to enter the country for investment and reconstruction after the devastation that happened, but they collided with reality, and decided to mostly leave without irreversible because of Read more…

Finance Committee: the budget announced by the government deficit is incorrect

Finance Committee: the budget announced by the government deficit is incorrect

23/04/2015 09:53

Trend Press – special
Revealed the parliamentary finance committee member of Haitham al-Jubouri , on Thursday, said Mpela budget announced by the government deficit is not true, noting that the real deficit more than twice as announced.
Jubouri In an interview with “The trend Press” stressed that the Iraqi government suffers from a severe economic crisis as a result of Read more…

Iraqi Dinar Guru opinions 4-22-15

Iraqi Dinar Guru opinions 4-22-15

4-22-2015 Newshound Guru Millionday Article quote: “Revealed the economy parliamentary committee introduced a number of new items on the investment law to promote the reality of investment for the country.” THEY HAVE AMENDED THE INVESTMENT LAW…WHOOPOW — THIS IS TO PROMOTE THE LARGEST INVESTORS — TO OPEN THE SINGLE WINDOW–AND PROMOTE THE REALITY PUBLIC INVESTMENT TO THE COUNTRY – WOW Quote: “The House of Representatives read the second reading of the investment law,…” …YESTERDAY … THE INVESTMENT LAW WAS READ FOR THE SECOND TIME. Read more…

Proposal of the Central Bank regarding the dollar

Proposal of the Central Bank regarding the dollar

22/04/2015

Roudao – Erbil Vice Kurdish suggested in of the Iraqi Council of Representatives of the Finance Committee, that the Central Bank of Iraq, equally with Baghdad, selling rate of the dollar at the official rate, past, saying: “At the very least, on the bank to sell 17% of the amount to be sold at the price The official, in the Kurdistan Region. ”

He stressed member of the parliamentary finance committee, the Read more…

Iraqi dinar exchange rate against the dollar in Iraqi banks and markets 4-22

Iraqi dinar exchange rate against the dollar in Iraqi banks and markets 4-22

09:38 22/04/2015

US $ 1 = 1,157.1800 Iraqi dinars

1 Iraqi Dinar = 0.0009 US dollars
Dollar exchange rate in the Iraqi market Read more…

Iraqi Dinar Guru opinions 4-21-15

Iraqi Dinar Guru opinions 4-21-15

4-21-2015 Intel Guru Frank26 It is EXTREMELY important that we pay attention ONLY to the governor of the CBI! Do your best to understand everything that the governor of the CBI is doing. It doesn’t matter if you call “him” Turki…Ali or whatever name they want to call him…we all know that Dr. Shabibi is the governor of the CBI. Period. End of story. The two people that mean the world to us in the MR [Monetary Reform] is Dr. Shabibi and Dr. Abadi. The CBI has all the money they need and the green-light. the GOI is broke…now what? Abadi told them that they…already told our citizens and they are “expecting” something. Something [bad] is expected to happen in the next 2 days (or so) that will shock most people. [Don’t let it rock you!] We all know that the IMF gave the CBI the green light and they haven’t moved forward with it yet. IMF said they would help Iraq and said they were proud of Iraq but since Iraq hasn’t raised their value yet they won’t help them anymore. The debt that Iraq has racked up will disappear once they raise the value of their currency. The IMF has told them what to do. Read more…

Iraqi Dinar Guru opinions 4-20-15

Iraqi Dinar Guru opinions 4-20-15

4-20-2015 Newshound Guru Millionday Article quotes: “Iraq plans to cover the budget deficit for the current year amounting to more than 25 000 billion dinars, through internal and external borrowing and amounts retained cash in the Ministry of Finance account…” “The government is facing a deficit of $25 billion in the current year’s budget…” THE BUDGET DEFICIT OF MORE THAN 25000 BILLION DINAR. THEY ARE TO ANNOUNCE THE BOND PLAN SOON FOR THIS YEAR (NOT GIVING A TIME) AND — THE HUGE NEWS IS THAT THE REMITTANCE SYTEM HAS REDUCED THE NEED FOR ALL EXTERNAL BORROWING ENTIRELY —AS WELL AS THE INTEREST ON THE FOREIGN LOANS — THEY WOULD LIKE FOR INTERNATIONAL INTEREST TO BE REMOVED AS WELL — THEY NEED -NO- EXTERNAL BORROWING — WHOOOPOW. [Is not the deficit 25 Billion (USD)?] IT IS 25 BILLION US DOLLAR — WHICH ACCORDING TO THIS IS 25,000 BILLION DINAR. ISNT THAT STRANGE? SMILE. Read more…

Iraqi dinar exchange rate against the dollar in Iraqi banks and markets

Iraqi dinar exchange rate against the dollar in Iraqi banks and markets

09:46 04/20/2015

US $ 1 = 1,163.7800 Iraqi dinars

1 Iraqi Dinar = 0.0009 US dollars Read more…

Iraqi Dinar Guru opinions 4-19-15

Iraqi Dinar Guru opinions 4-19-15

4-19-2015 Newshound Guru Mailman17 ABADI HAS STATED MORE THAN ONCE THAT HE WILL NOT…REPEAT NOT WAIT FOR ISIS TO BE CLEARED OUT TO START MONETARY REFORMS. YES, SECURITY IS IMPORTANT, BUT ABADI MUST KNOW A LITTLE MORE ABOUT THIS THAN ANYONE ELSE FOR HIM TO MAKE SUCH A STATEMENT LET ALONE INFORM IRAQS THE SAME. THE IMF, WORLD BANK AND O [OBAMA] HAVE COME OUT REFUTEDLY SAYING IRAQ IS READY AND WE HAVE YOUR BACK FOR YOU TO IMPLEMENT…NOT THINK ABOUT, NOT PLAN, NOT HAVE MEETINGS, NOT DISCUSS…BUT TO IMPLEMENT, EXECUTE, AND MOVE TO A MARKET ECONOMY…NOW..NOT LATER. APRIL 30TH IS COMING UP. THE KURDS HAVE WHAT THEY WANTED ALL ALONG…THE HCL, THE BUDGET IS DONE AND OUT, AND ISIS SHOULD BE DEALT WITH AND UNDER CONTROL ENOUGH FOR THE RV TO BE IMPLEMENTED. THAT IS WHAT THE NEWS TELLS US. Read more…