Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 1-12-15

Iraqi Dinar Guru opinions 1-12-15

1-12-2015 Newshound Guru Millionday Article quote: “House Speaker Salim al-Jubouri, said at a news conference on Sunday that on Monday will be the end of the second reading of the budget law…” [Will they vote on it after that?] THE REPORT WE HAD STATED AT THE SAME DAY. THE BUDGET IS BEING PLACED ON THE TOP OF THE MOST IMPORTANT TO BE DONE. ABADI SEES THE LACK OF BUDGET LAW AS CORRUPTION TOWARD THE COUNTRY OF IRAQ — THIS IS A HUGE STATEMENT — … WITH TOMORROW [MONDAY] BEING THE LAST DAY OF THE BUDGET MEETING. Read more…

Chalabi warns of leak “dollar” to the outside and describes the financial situation as “critical”

Chalabi warns of leak “dollar” to the outside and describes the financial situation as “critical”

01/12/2015 (00:01 pm)

Baghdad / term

Chairman of the parliamentary finance committee, Ahmed Chalabi warned of the phenomenon of foreign currency leakage (dollar) out of the country, and stressed that the 2015 budget is facing many difficulties because of falling global oil prices, describing the financial and security situation in the country as “critical.”

While called specialists in the field of economics to the development Read more…

30 trillion dinars bank deposits ready to invest

30 trillion dinars bank deposits ready to invest

1/12/2015 0:00

Three proposals to address the budget deficit in the forefront:
BAGHDAD – thank Fatlawi
select number of experts three proposals to address the projected shortfall in the budget in the forefront of the investment bank deposits amounting to 30 trillion dinars through the sale of bonds and Read more…

Iraqi Dinar Guru opinions 1-11-15

Iraqi Dinar Guru opinions 1-11-15

1-11-2015 Newshound Guru Millionday Article quote: “the opening of the Saudi embassy in Baghdad soon to be “in a sign of the return of the two countries after the formation of the new Iraqi government.” AFTER 25 YEARS THEY ARE REOPENING THEIR EMBASSY. Quote: “The Ministry is responsible for the organization of exhibitions in Baghdad and the provinces and the arrival of British companies; for the establishment of specialized exhibitions to display and sell products” [this is such a big announcement… its not like some small minor country wants to trade with Iraq…this represents the UK!] HUGE NEWS — COUNTRIES ARE READY TO DEAL WITH IRAQ — WHOLE COUNTRIES — NOT JUST ONE AND NOT JUST TWO — THEY HAD STATED MONTHS AGO THAT THE GLOBE IS RELYING ON IRAQ AND THE RETURN OF MARKET. THE BUDGET IS NOT DONE AND THE LAST DAY IT CAN BE IS MONDAY. Read more…

Iraqi Dinar/Dollar auction results 1-11-2015

Iraqi Dinar/Dollar auction results 1-11-2015

Results currency auction Announcement No. (2862)

The opening of the Committee on buying and selling daily Tmnmaip dollar deals and two and sixty two thousand for the sale and purchase of foreign currency in the Central Bank of Iraq on Sunday, the day on 01.11.2015 and the results were as follows: Read more…

International Monetary Fund: $ 10 billion stock of the Central Bank of Iraq

International Monetary Fund: $ 10 billion stock of the Central Bank of Iraq

January 11, 2015, 11:29

BAGHDAD – ((eighth day))

The International Monetary Fund recently, his report on the economic outlook for the countries of the world, and expected growth of the Iraqi economy during the year 2015 at a rate of 2%.

The report said that “Iraq’s economy Read more…

Parliamentary Finance confirms lack of knowledge of the fate of the budget surplus in 2013 of $ 76 trillion dinars

Parliamentary Finance confirms lack of knowledge of the fate of the budget surplus in 2013 of $ 76 trillion dinars

01.11.2015

Brother – Baghdad
Said a member of the Finance Committee MP, capable of Omar, the fiscal surplus for Iraq in 2013 only amounted to 76 trillion dinars, but this amount does not exist and do not know his fate.

Omar said in a statement seen by the Agency for News Agency (et) “The money that has been spent during the year 2014 do not know the size or where spent as well as on the federal government does not tell us where to go and Read more…

Central Bank warns citizens from dealing in foreign currencies traded on non-banks

Central Bank warns citizens from dealing in foreign currencies traded on non-banks

Sunday, January 11, 2015 16:43

BAGHDAD / Baghdadi Uz..hdhir Central Bank of Iraq, Sunday, citizens of foreign banknotes deal does not deal with Iraqi banks, noting that a number of these currencies convertible, but not in Iraq.
According to a statement of the bank received / Baghdadi News / copy of it, that “over the past years was observed Read more…

Report: Iraq is the fifth Arab and 37 of the world gold reserves rank

Report: Iraq is the fifth Arab and 37 of the world gold reserves rank

01/11/2015 11:57 GMT

Follow-up – and babysit – World Gold Council, announced that Iraq was ranked 37 globally and fifth gold reserves of the Arab world, while the United States ranked first globally the first Arab and Saudi Arabia.
The council said in a report, on Sunday, “The International Monetary Fund and the deployment during its current report for 2015 that Iraq was ranked 37 globally out of 100 countries were included in the report of the gold reserves,” noting that “Iraq’s gold reserves amounted to 89.8 tons.”

World Council added Read more…

Political consensus to launch the budget end of the month

Political consensus to launch the budget end of the month

1/11/2015 0:00

BAGHDAD – Shaima Rashid
in the context of low oil prices in world markets, is facing federal budget constraints have delayed approval in the House of Representatives, is the increasing inability of being dependent on oil as a source of Tamoal.ually basis despite the continuing debates in the House of Representatives on the budget figures and Tbooibadtha, but it is unlikely to be returned to Read more…

Iraqi Dinar Guru opinions 1-10-15

Iraqi Dinar Guru opinions 1-10-15

1-10-2015 Newshound Guru Tlar The strategic study in 2008 suggested they could support 1.13 to 1. That was then. My argument has always been that in 2008 the reserves were low (30ish billion) and there economy was much smaller due to the fact that oil production was around 1.5ish million bpd. Today I would argue that the reserves are over 100 billion (BIS, Foriegn currency and gold) even though the CBI states they are 70 billion. There has been a few articles that slipped out that stated 100 billion and there was 82 billion released to the CBI that I believe the CBI deposited with BIS during 2014. So how much do they have in reserves, at least in the short term we may never know the truth…My point is this, what was good for 2008 as far as the rate they could support, is at least 3x’s better today. Read more…

Parliamentary economy and the World Bank to monitor the monthly revenue

Parliamentary economy calls for the formation of a committee of the Ministries of Finance and Planning and the World Bank to monitor the monthly revenue

10/01/2015 11:55

Tomorrow Press / Baghdad: The head of the Commission on Economy and Investment parliamentary Jawad al-Bolani, Saturday, to form a higher committee of the Council of Ministers and the Parliament and the Ministries of Finance and Planning and the Central Bank to monitor oil revenues every month and presented to the House of Representatives.
Bolani said for “tomorrow’s Press,” Our Committee “proposals submitted to the Read more…

Calls for the detection of excess previous budgets amounting to 185 trillion dinars

Calls for the detection of excess previous budgets amounting to 185 trillion dinars

Posted 10/01/2015 10:25 AM

The chairman of the Virtue Bloc Ammar Tohme, the financial surplus for the financial budgets since 2004 to 2012, which amounted to 185 trillion Iraqi dinars.

The MP said Ammar Tohme at a news conference building the House of Representatives that “the budget needed to clarify the fate of the surplus last years revenues and the possibility of its Read more…

Oil experts expect a decline in the price per barrel to $ 30

Oil experts expect a decline in the price per barrel to $ 30

Posted 10/01/2015 10:03 AM

Oil experts revealed that oil prices will continue to decline to reach the end of the day to $ 30 a barrel, the lowest expected price after the oil boom in which the barrel above $ cent threshold.

They stressed that “the budget before the parliament will be worried and unstable due to the fluctuation of the price of a barrel up and down, but in all cases, will be approved by a large deficit of more than $ 20 billion in all cases, and that this deficit will grow and swell with the expected decline in the price of a barrel. On the premise that the Iraq issue Read more…

Parliament is still demanding to cut expenses in preparation for the adoption of the budget during the week

Parliament is still demanding to cut expenses in preparation for the adoption of the budget during the week

10/01/2015 (00:01 pm)

BAGHDAD / Mohammad Sabah

Parliamentary Economic Commission revealed, for the government went to pay off the debts of foreign oil companies through external borrowing by issuing treasury bonds worth $ 12 billion.
As said the budget deficit rose to 43 trillion dinars due to the continued decline in oil prices, the government called for a postponement of the payment of foreign loans worth 3.733 trillion dinars.
On the other hand Read more…

Iraqi Dinar Guru opinions 1-9-15

Iraqi Dinar Guru opinions 1-9-15

1-9-2015 Newshound Guru Adam Montana The price of oil will have an effect on how high they can RV, but for them to try to wait for oil to go back up would be foolish… I believe Iraq is smart enough to understand that concept… so their smart play would simply be if they were going to RV at $1 with $100 per barrel oil, then they simply RV at .50 with $50 per barrel oil.

1-9-2015 Newshound Guru sczin11 THEY ARE SUGGESTING, A COMMITTEE OF TOP LEVEL PERSONNEL, FROM COM AND HOUSE TOGETHER, TO MONITOR THE BUDGET THROUGHOUT THE YEAR, MAKE ADJUSTMENTS IF NECESSARY IN THE LINE ITEMS, AS THERE ARE SERIOUS FINANCIAL AND MILITARY ISSUES TO BE CONCERNED AND DEALT WITH…THEY ARE SAYING TO GIVE THIS SPECIAL COMMITTEE THE POWER TO MAKE CHANGES AS THEY SEE FIT, WITHOUT GOING THRU VOTING PROCESS. Read more…

Iraqi oil price fell to $ 45 calls to reconsider the budget

Iraqi oil price fell to $ 45 calls to reconsider the budget

09-01-2015 03:48 PM

Commission on oil and energy parliamentary warned of dangerous effects on the federal budget situation after the sale of Iraqi oil prices fell to $ 45, calling for a review of the draft budget.
A member of the Committee, Kawa Muhammad, in a press statement, seen by the (news) today, said that : ‘low price per barrel of $ 15 for the price specified in the federal budget will lead to the loss of the Iraqi state, about 18 trillion dinars per year. ”
He added that Read more…

Iraqi Dinar Guru opinions 1-8-15

Iraqi Dinar Guru opinions 1-8-15

1-8-2015 Newshound Guru Millionday [did they pass the budget or did they put it off til Thursday?] Quote: “Published by all of Iraq [where] the parliamentary finance committee report on the federal budget for fiscal 2015, which was read today in the parliament session.” ACCORDING TO THIS IT WAS READ AND PUBLISHED SO NOW THE VOTE OR THE VOTE HAPPENED — WE WILL KNOW TOMORROW [THURSDAY] OR A DAY OR SO. [was it published in the Gazette?] IT DOES NOT SAY THE GAZETTE — I WOULD SAY ITS COMPLETION WAS PRINTED AND IS DONE TO BE VOTED AND PRINTED IN GAZETTE. […if they finish the 2nd reading tomorrow, don’t they still need a 3rd reading? And is there a mandatory 4 day wait between the two?] THEY HAVE CHANGED THE RULES SOME TO EXPEDITE THE BUDGET SO WE SHALL SEE IF THEY WAIT THE FOUR DAYS THEY STATED THEY WOULD READ THE SECOND TIME AND VOTE IN ONE DAY SO WE SHALL SEE. TODAY WAS SECOND READING. Read more…

Deputy for change reveals the existence of a surplus estimated at 184 trillion dinars in the previous budgets

Deputy for change reveals the existence of a surplus estimated at 184 trillion dinars in the previous budgets

08.01.2015 9:25

{Baghdad: Euphrates News} MP for the mass change Secretary Baker, for lack of a deficit in the previous budgets, and even in 2018, stressing that “there is a surplus estimated at {184} trillion Iraqi dinars.”
He said Bakr told {Euphrates News} today that “there are views and many observations took place in the discussion of the budget in 2015, which took place on Wednesday session, especially about the Read more…

Iraqi Dinar Guru opinions 1-7-15

Iraqi Dinar Guru opinions 1-7-15

1-7-2015 Newshound Guru Millionday WE KNOW THAT THE PRIVATE BANKS HAVE BEEN ENSURED TO BE INTERNATIONALLY COMPLIANT AND THIS IS GREAT NEWS. NOTE — THE ISX IS TO RELAUNCH ON THE 11TH. [So the international banks will be dealing with dinar only?] THE REGULATIONS IN THE COUNTRY STATE THAT THE DINAR IS THE NATIONAL CURRENCY SO THEY WILL NEED TO EXCHANGE TO USE IT. [So you still believe that the iqd must be a convertible currency when ISX goes live to the world?] WHEN THE DINAR GOES INTERNATIONAL TO THE GLOBE IT WILL HAVE TO HAVE A FAIR TRADE RATE — REALITY RATE. I CANT TELL YOU WHAT THEY SAY THAT RATE IS BUT YES IT WILL BE A RATE FOR INTERNATIONAL TRADE. Read more…