Posts Tagged ‘Iraqi Dinar’

Parliamentary Finance: coming days will witness a decline in the dollar exchange rate

Parliamentary Finance: coming days will witness a decline in the dollar exchange rate

Saturday, March 14, 2015 11:07

BAGHDAD / Baghdadi News / … attributed member of the Finance Committee parliamentary deputy Masood Haider, Saturday, stronger US dollar against the Iraqi dinar to the steps taken by the Central Bank of Iraq to stop money laundering and smuggling of foreign currency.
Haider said to the reporter / Baghdadi News / “The steps and decisions taken by the Central Bank of Iraq to stop Read more…

Iraqi Dinar guru opinions 3-13-15

Iraqi Dinar guru opinions 3-13-15

3-13-2015 Intel/Newshound Guru tman23 Fact…Monday the 16th the 3 Presidents are scheduled to meet…Abadi, Jabouri, and Masoum…It is also being said that the Kurdistan region will begin receiving their full share of the 2015 Budget as voted to law starting April 1st…IMO…I believe from news and what is happening on the streets regarding the economy…that after Saturdays Conference and Mondays Presidential meeting…then Tuesday’s CoM meeting… I believe we are about to see the directives to the Ministers on Tuesday that will be to implement the 2015 budget and open the economy.. Read more…

Najib: rising value of the dollar against the dinar goes back to the government crackdown

Najib: rising value of the dollar against the dinar goes back to the government crackdown and the new policy of the Central Bank

13/03/2015 11:33

Direction Press / Private

Attributed by the Parliamentary Finance Committee on Friday reasons for the high value of the dollar against the dinar during the current period to the government crackdown and the policy of the central bank and the new adopted to reduce the sales of the dollar in the auction of foreign currency.

Najib During an interview with “The trend Press,” said that the requirement for the federal government to the Rafidain and Rasheed not to sell Read more…

Iraqi Dinar Guru opinions 3-12-15

Iraqi Dinar Guru opinions 3-12-15

3-12-2015 Newshound Guru Mailman17 NOT ONLY DO WE NOW HAVE THE PARLIAMENTARY FINANCE SCREAMING FOR THE RATE CHANGE BUT ALSO THE BANKS SCREAMING THEY ARE LOW ON FUNDS. THE IRAQ ECONOMY NEEDS THIS PLAN ACTIVATED ASAP. THE BANKS ARE GETTING AND TURNING IN MOST EVERY DINAR THEY COLLECT OFF THE STREETS AND IN EXCHANGE THEY ARE GIVEN US DOLLARS. THAT DOES NOTHING FOR A BANK TO DO DAILY BUSINESS…THEY NEED THE CURRENCY OF THEIR OWN COUNTRY. THE BANKS ARE TURNING IN THEIR DINAR AT 1166 AND IN EXCHANGE GET 1 US DOLLAR. SO NOW WHAT ARE THE BANKS GONNA DO WITH ALL THAT US DOUGH? HERES SOME FOOD FOR THOUGHT… Read more…

Iraqi Dinar Guru opinions 3-11-15

Iraqi Dinar Guru opinions 3-11-15

3-11-2015 Newshound Guru Millionday Article quote: “it has to be from the central bank to take swift action to restore the dinar exchange and save it from degradation rate.” THEY ARE SAYING THAT THE POSITION THEY ARE IN RIGHT NOW REQUIRES THAT THE CBI MOVES FORWARD AND WITH A HUGE RUSH TO RESTORE THE DINAR EXCHANGE RATE FOR IRAQ. SO THEY ARE SAYING (PARLIAMENT ECONOMY) THAT THEY ARE READY FOR CBI TO MOVE RIGHT NOW AND PUT IN THE EXCHANGE RATE AS CALCULATED — PARLIAMENT IS STATING IT IS TIME TO RESTORE THE DINAR EXCHANGE RATE AND IN A HURRY TO SAVE THE IRAQI ECONOMY, MARKET, AND THE PLAN THAT HAS BEEN PUT IN PLACE FOR ALL AGREEMENTS AND ALL TRADE — THEY HAVE STATED THAT THEY WANT IT TO BE DONE URGENTLY — SO VERY FAST ACCORDING TO WHAT I HAVE READ. Read more…

Market “beautiful” victim of the dollar exchange rate

Market “beautiful” victim of the dollar exchange rate

Wednesday, 11 March 2015 13:00

The repercussions of the crisis stronger dollar exchange rate of the dinar has cast a shadow on commercial traffic in the country, making the trade center beautiful as a market in Baghdad suffers from depression commercial clear. He says Mohamed Hussein , a shop owner: “yesterday and continued exchange rate to one thousand and three hundred dinars Jean-long period is thousand and one hundred Read more…

Mohammed Saleh: the banking system in Iraq and the problems need to be amended

The appearance of Mohammed Saleh: the banking system in Iraq and the problems need to be amended

Wednesday, March 11 / March 2015 08:10

[Baghdad where]

Said Advisor to the Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, said that the banking system in Iraq needs to be adjusted and new legislation to him.

Said Saleh told all of Iraq [where], that “the failure of the banking system, problems and suspicions of corruption and needs to be Read more…

Governor of the Central Bank confirms the existence of a large smuggling Iraqi funds

Governor of the Central Bank confirms the existence of a large smuggling Iraqi funds

11-03-2015 10:01 AM

BAGHDAD / news / Samer Mahhmed
governor acknowledged the Iraqi Central Bank on the Keywords, the existence of smuggling hard currency abroad, did not hide his doubts on the involvement of civil banks already submitted forged documents to buy dollars from the auction of the Central Bank.
It was announced in a press conference, I followed (news) Yesterday, An’alchroa to adopt new mechanisms different from Read more…

Iraqi Dinar Guru opinions 3-10-15

Iraqi Dinar Guru opinions 3-10-15

3-10-2015 Newshound Guru Millionday MARCH 8TH IS THE DATE OF THE BEGINNING OF THE REMITTANCE SYSTEM — A REMITTANCE SYSTEM IS THE SYSTEM THAT ALLOWS A COUNTRY TO SEND AND RECEIVE FUNDS FROM ALL OTHER COUNTRIES — THAT WOULD BE THROUGH INTERNATIONAL BANKS AND ALSO MONEY TRANSFER COMPANIES IN AND OUT OF THE COUNTRY — ALL THROUGH WIRE. [how can they do that without a real rate?] THAT WOULD BE WHY EVERYONE IS VERY EXCITED — THIS WOULD REQUIRE INTERNATIONAL COMPLIANCE — AND THIS LEADS US ALL TO BELIEVE IT ALSO SHOULD LOGICALLY REQUIRE INTERNATIONALLY RECOGNIZED CURRENCY — SO WE ARE HOPEFUL THAT IT DOES. [did they begin the remittance…?] THEY HAVE REPORTED THAT THEY HAVE BEGUN THE SYSTEM. [I guess the rate has not changed?] IT DOES NOT APPEAR THAT ANY RATES HAVE BEEN CHANGED AT THIS TIME. Read more…

Governor of the Central Bank of Iraq: Some banks will amend laws

Governor of the Central Bank of Iraq: Some banks will amend laws

MAR 10, 2015

BAGHDAD supporter Alpartya- Anatolia
The governor of the Central Bank of Iraq, the relationship, that his country is developing a strategy for the next five-year plan includes the modification of some competent job banks and create some institutions laws. Read more…

Concern about the deterioration of the price of the Iraqi dinar suspended dollar auction

Concern about the deterioration of the price of the Iraqi dinar suspended dollar auction

03/10/2015 16:37

Iraqi market affected quickly stop the central bank’s decision to auction born …
Affected by the Iraqi market quickly the government’s decision that halted the central bank auction of dollars – and that is the dollar offer for sale- which led to the rise of the dollar exchange rate against the Iraqi dinar to reach the money changers to 1,260 dinars, sparking criticism from experts saw this procedure error, and called to Read more…

Dollar exchange rate up to the highest rate in two years

Dollar exchange rate up to the highest rate in two years

10/3/2015

Brother – Baghdad
Continuous rise in the price of the dinar against the dollar despite the central bank action to maintain stability, what is the secret of this rise after years of relative stability? And how they can be met, whether caused by a contraction of the dollar amounts of the market?
During the past two months have seen the Iraqi market, a gradual rise in the dollar’s exchange rate against the dinar, currently up to Read more…

Parliamentary economy calls for the central bank to take measures to save the dinar

Parliamentary economy calls for the central bank to take measures to save the dinar

03/10/2015

BAGHDAD / JD / .. of the economic and investment commission parliamentary warned of the continuing decline in the exchange rate of the dinar against the dollar, while the central bank has demanded to take swift action to save the Iraqi dinar.
Said committee member Rep. Najiba Najib told / BD /: that the dollar exchange rate on the rise abruptly during Read more…

Foreign Exchange Rates for Tuesday against the Iraqi dinar from the central bank

Foreign Exchange Rates for Tuesday against the Iraqi dinar from the central bank

10/03/2015 10:54 GMT

Follow-up – and babysit – Central Bank of Iraq announced the price of its sales of foreign currency for Tuesday against the Iraqi dinar, where the US dollar has seen a slight decrease in sales in front of the Iraqi dinar, registering a drop 7 cents direction of the dinar. Read more…

Iraqi Dinar Guru opinions 3-9-15

Iraqi Dinar Guru opinions 3-9-15

3-9-2015 Newshound Guru Millionday Article quote: “…A unified account of all state institutions in order to accrue interest over the central bank, stressing the need to expand the adoption of electronic payment for its importance in controlling liquidity movement.” SO AS WE SEE HERE — ELECTRONIC BANKING WILL BE USED/NEEDED…THIS MY FRIENDS IS THE BEGINNING OF THE ECONOMIC PLAN THAT WE HAVE BEEN WAITING FOR — HUGE CLUE TO SAY THE LEAST. THE HUGE REFORMS WE HAVE BEEN WAITING ON ARE NOW EASY TO SEE AND READY TO GO — I AM VERY EXCITED — WHOOOPOW. Read more…

Iraq is in discussion with banks regarding $6 billion bond issue

Iraq is in discussion with banks regarding $6 billion bond issue

09 Mar 2015

Iraqi finance minister, Hoshiyar Zebari stated that Iraq is discussing a possible bond issue worth nearly $6bn with Deutsche Bank and Citibank as part of its efforts to cover a huge projected budget deficit this year.
State revenues have tumbled along with falling oil prices just as Iraq faces a costly military campaign against Islamic State militants in its northern and western provinces, leaving a likely 25tn Iraqi dinar Read more…

Iraqi Dinar Guru opinions 3-8-15

Iraqi Dinar Guru opinions 3-8-15

3-8-2015 Newshound Guru wmawhite IMO…within one act, the CBI tells the banks of Iraq that they have permission to make foreign payments…remittances. The process of sending IQD out of country in order to remit…paying a debt is what changes tomorrow [Sunday]. Let that sink in…up until tomorrow [Sunday] the banks within Iraq that the CBI controls were not permitted to do so. [They said they gave the green light.] Yes they did…The CBI has told the banks to start paying the foreign remittances/debts/bills…show me the money! …they certainly do not what to start sending 1166 IQD out of the country for every 1 USD of debt. If the CBI wanted 1166 to be an international rate it could do that…however, paying 1166 IQD for every 1 USD of debt…Iraq would be broke in hours because there is not enough IQD to paying at that rate. Read more…

50 dinars bank notes to be removed from circulation by Central Bank of Iraq

50 dinars bank notes to be removed from circulation by Central Bank of Iraq

08 Mar 2015

The Central Bank of Iraq (CBI) has just released a statement that they will cease exchanging the 50 Iraqi Dinar banknotes following April 30, 2015. Investors in the currency may not be aware of this press release by the CBI as it was in the Arabic language only.

There are many investors in the Iraqi Dinar not just in the United States, but also the world. These individuals, who desire to exchange their 50 dinar banknotes, should quickly contact the company from which they originally purchased these banknotes from. Investors should Read more…

Iraqi dinar exchange rate against the dollar

Iraqi dinar exchange rate against the dollar

03/08/2015 09:37 GMT

Follow-up – and babysit – US $ 1 = 1,164.5500 Iraqi dinars
1 Iraqi Dinar = 0.0009 US dollars

Last Updated: Read more…

Iraqi Dinar Guru opinions 3-7-15

Iraqi Dinar Guru opinions 3-7-15

3-7-2015 Intel/Newshound Guru Tlar IMO the program that started out in 2007 known as “delete the zeros” was terminated on or around Sept/Oct of 2012 by Shabibi. He changed it to “just bring the currency out at 1166” (FLOAT), and then program was changed back again under Turki to the originaql plan of “deleting the zeros” which is where I believe we are today. Some folks got stuck in the middle where Shabibi was going to just float the currency, but most followed the articles and moved on with the change back to deleting the zeros. Read more…