Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 12-19-14

Iraqi Dinar Guru opinions 12-19-14

12-19-2014 Newshound Guru Enorrste …the street rate and official rate must be within 2% of each other PRIOR to allowing Iraq to move from Article XIV to Article VIII. This is a fundamental pre-requisite to making that move to Article VIII… The fact that the CBI concurs that it is doing what is necessary to get into compliance is also very encouraging. To me this is an indication that we are “coming down to the wire.” I do not believe they will be allowed to move to Article VIII prior to completing the 90 days of stable currency. Having said that, however, I still hold out the very real possibility that they will begin the float prior to moving to Article VIII. This only makes sense, because, as I noted earlier, once they float the currency then the official rate and the street rate become identical. I am cautiously hopeful that the float could begin in mid or late January. Read more…

Deletion of zeros in 2014..jahz and implemented a deferred

Deletion of zeros in 2014..jahz and implemented a deferred

Posted, 19/12/2014 23:06

BAGHDAD / Obelisk: affected by the project to delete the three zeroes from the currency unchanged if the rest of the major strategic projects, the security situation is stable in the country, where he was supposed to be implemented early 2014 after the creation of the logistical and technical measures by the central bank, but the deteriorating security situation in Most areas of the country, which saw control of some terrorist groups .

Sparked fears the government and parliament and the Central Bank Read more…

Disagreement on external borrowing by $ 5 billion from the World bank

Disagreement on external borrowing by $ 5 billion and the central insist on spending cuts before heading to the World Bank

19/12/2014 18:03

Long-Presse / Baghdad
Parliamentary Finance Committee revealed on Friday that the dispute over the direction of foreign borrowing continues to fall in oil prices was behind the postponement of a special meeting was scheduled for Thursday evening to discuss the budget.
He said members of the Committee on the government’s intention to borrow $ 5 billion from the International Monetary Fund, but the central bank pressed further Read more…

A government source told / Baghdadi News /: 2015 budget of 111 trillion dinars and the deficit 17 trillion dinars

A government source told / Baghdadi News /: 2015 budget of 111 trillion dinars and the deficit 17 trillion dinars

Posted, December 19, 2014 12:16

BAGHDAD / Baghdadi News / … According to a government source, on Thursday, for an extraordinary session, on Thursday evening, the Council of Ministers discussed in the General Budget Law.
The source said in an interview / Baghdadi News / “The Council of Ministers held an extraordinary session, this evening, to discuss the adoption of the General Budget Law and submitted to the House of Representatives,” adding that “some of the paragraphs Read more…

Deletion of zeros in 2014 .. project is ready and implementation of a deferred

Deletion of zeros in 2014 .. project is ready and implementation of a deferred

Posted, 19/12/2014

BAGHDAD / JD / .. affected by the project to delete the three zeroes from the currency unchanged if the rest of the major strategic projects, the unstable security situation in the country, where he was supposed to be implemented early 2014 after the creation of the logistical and technical measures by the central bank, but the deterioration of the situation security in most parts of the country, which saw control of some terrorist groups.
Sparked fears the government and parliament and the Central Bank of the implementation of this major project, which some have described as possibly Read more…

Iraqi Dinar Guru opinions 12-18-14

Iraqi Dinar Guru opinions 12-18-14

12-18-2014 Newshound Guru Mailman17 FIRST OFF…THE CBI HAS NEVER DONE ANYTHING LIKE WHAT WE ARE SEEING DONE WITH IRAQ. IMO…THE 2% RULE IS ONLY A GUIDELINE AND NOTHING MORE. IRAQ HAS ALREADY PROVED FOR YEARS THEY CAN MAINTAIN A STABLE RATE WHILE KEEPING INFLATION IN CHECK. AND THAT IS THE ONLY THING THE IMF WAS WORRIED ABOUT. THIS KIND OF RV AND WEALTH TRANSFERENCE HAS NEVER HAPPENED IN HISTORY, SO THE 2% RULES MEANS NOTHING IMO. Read more…

Iraqi Dinar/Dollar auction results 12-18-2014

Iraqi Dinar/Dollar auction results 12-18-2014

Results currency auction Announcement No. (2846)

The opening of the Committee on the sale and purchase of the daily dollar Tmnmaip deals and six and forty two thousand for the sale and purchase of foreign currency in the Central Bank of Iraq on Thursday, a brief summary of 18.12.2014 and the results were as follows: Read more…

Iraqi Dinar Guru opinions 12-16-14

Iraqi Dinar Guru opinions 12-16-14

12-16-2014 Newshound Guru Millionday WHEN THE BUDGET IS DONE AND SENT TO PARLIAMENT THEY PLAN ON HAVING A ECONOMIC REFORM MEETING WITH MANY EXPERTS AND OFFICIALS — HUGE NEWS. THE PREVIOUS GOV HAD A JOB TO DO AND THAT WAS TO HAVE THIS BUDGET READY MUCH SOONER — THIS IS CAUSING PROBLEMS AND THEY HAVE HAD TO ADJUST ANYWAY — SO THEY WILL BE DISCUSSING THE MANY INVESTORS AND ALSO THE CHANGES PROMISED AS THEY APPLY THEM FOR THE COUNTRY — THIS HAS BEEN PROMISED BY THE END OF THE YEAR…IRAQ IS ON THE VERGE OF AN IMPORTANT AND STRONG ECONOMIC SITUATION. WE ARE AND THE CITIZENS WILL BE SEEING MANY ANNOUNCEMENTS TO DO WITH THE CHANGE COMING AS IT HAPPENS. Read more…

Parliamentary Economic defer debt to Kuwait in 2017

Parliamentary Economic defer debt to Kuwait in 2017

12/16/2014 11:39

BAGHDAD / Obelisk: Vice-President of the Parliamentary Economic Commission Harith al-Harthy said that the committee deferred debt Kuwait amounting to 4.7 trillion dinars to 2017 .

Harthy said that “the economists put a program to overcome the deficit in 2014”. Noting that “the experts have to re debt owed ​​by Iraq structuring, Read more…

Iraqi Dinar Guru opinions 12-15-14

Iraqi Dinar Guru opinions 12-15-14

12-15-2014 Intel/Newshound Guru Poppy3 i have never wavered from my research and what the powers that be have stated the rate that was approved and even though they have had many new meetings with the imf not one cbi or imf official has ever stated a different rate. In oct 2010 the IMF web site stated they had approved a new rate on DINAR of $3.22 plus up to 20% more for inflation since the war started. That means up to $3.86 at the highest. Dr Shabibi whom never lied to us about anything stated they wanted to have a median flat rate they can manage for 24 to 36 months while they further grow their economy before going to a float.

12-15-2014 Newshound Guru sczin11 [From what I’ve read, the 2% relates to the spread in any 90 day period within a managed float. It has nothing to do with what the initial rate is.] B I N G O! AND THE IMF DOCS I HAVE READ, HUNDREDS OF PAGES, CLEARLY STATE IRAQ SHOULD COME BACK WITH THEIR PRE SADAAM RATE OF $3.22, AND POSSIBLE COST OF LIVING ADJUSTMENT OF 20% INCREASE/HIGHER… AND OTHER REPORTS AND ARTICLES CLEARLY STATE THEY SHOULD BE CLOSE TO KUWAIT IF NOT A LITTLE HIGHER, AS THEY SHARE A PIPELINE AND HAVE TO BE BROTHERLY COUNTRIES. Read more…

Abadi eliminates the deal concluded by al-Maliki to provide the Army corrupt foods supplied from Iran

Abadi eliminates the deal concluded by al-Maliki to provide the Army corrupt foods supplied from Iran

Posted 15/12/2014 12:33 PM

An official at the Ministry of Defence revealed .. for booking more than two hundred thousand tons of food and dates allocated to the military and police forces, flour and the crowd because of the lack of human consumption has expired.

Explains the source, who holds a high position in the ministry that the Prime Minister Haider al-Abadi told to stop shipment intended for the army, the police and the crowd subsistence materials .. After many cases of poisoning occurred due to be addressed.

The source confirmed. After examination Tnpin that the shipment, which is equipped in the last days of the rule of former Prime Minister Nuri al-Maliki Read more…

Deputy for the National: Iraqi dinar will remain constant even if oil prices fell

Deputy for the National: Iraqi dinar will remain constant even if oil prices fell

Monday, December 15/ December 2014 08:08

[Where BAGHDAD]

Deputy for the National Alliance, said the Iraqi dinar exchange rate will remain steady despite a decline in crude oil prices.

He said Furat al-Tamimi told all of Iraq [where] that “fixed central bank reserves because the government did not resort to drag him”, adding that “any attempt to resort to borrowing from the central bank will certainly affect the price of the Iraqi dinar.”

He explained that “in the absence of borrowing from the central bank governor of the dinar would definitely stay on the exchange rate, even if Read more…

Iraq stumbles to pay reparations to Kuwait due to financial distress and financial corruption

Iraq stumbles to pay reparations to Kuwait due to financial distress and financial corruption

Posted, 15-12-2014 11:39 PM

Political observers believe that the international community, and from the Gulf Arab countries, it is estimated the circumstances that Iraq is going through, and for the fierce war against al ‘Daash’, in addition to the decline in financial revenue because of the deterioration of oil prices, so the help is required and payable, but that it will not be easy and apply the same conditions for international intervention to support it militarily, and most importantly it must help himself, to allow others to help him.
Observers point out that Iraq, at a time when asked to postpone the payment Read more…

Iraqi Dinar Guru opinions 12-14-14

Iraqi Dinar Guru opinions 12-14-14

12-14-2014 Intel/Newshound Guru Backdoc THE TIME APPEARS RIPE FOR IRAQ TO LAUNCH THEIR ECONOMIC SECTOR! THEY NEED TO DIVERSIFY AND DO IT QUICKLY IN A FALLING REVENUE ENVIRONMENT! AGAIN, THE CHANGE IN SECURITY IN BAGDAD IS MORE THAN INTERESTING AS WELL AS THE MILITARY GAINS IRAQ HAS RECENTLY MADE! HOW LONG CAN IRAQ WAIT IN THIS ENVIRONMENT? NOT LONG! SEEING ARTICLES OF POTENTIAL BANKRUPTCY MAY ALSO HELP SCARE SOME TO SELL OUT OF THEIR CURRENCY HELPING TO DROP THE NOTE COUNT EVEN FURTHER! …WHEN THINGS LOOK THE WORST THEY ARE THE BEST!! IT’S TIME FOR IRAQ TO TAKE ITS’ DONOR STATUS TO THE DOLLAR AS THE LONELIEST CURRENCY IN THE WORLD! #1 IS THE LONELIEST NUMBER! Read more…

Deputy warns of “catastrophe” if the cabinet approved the budget today with falling oil prices

Deputy warns of “catastrophe” if the cabinet approved the budget today with falling oil prices

Sunday, December 14 1 / December 2014 07:41

[Baghdad-where]

Warned the MP for the National Federation of powers, which he described as “a disaster” if the Council of Ministers approved the financial budget for 2015 in the event of world oil prices continued to fall.

He is scheduled to hold a cabinet meeting on Sunday to discuss the budget, according to the announcement by Finance Minister Hoshyar Zebari said last Friday.

Mohammad al-Karbouli told all of Iraq [where] that “the delay in approving Read more…

Central Bank: the value of the stolen money 500 billion Iraqi dinars

Central Bank: the value of the stolen money 500 billion Iraqi dinars

12/14/2014 10:22 GMT

Follow-up – and babysit – Central Bank of Iraq, announced that the value of the amounts released from the Rafidain Bank instruments to a number of private banks amounted to 500 billion Iraqi dinars was withdrawn eleven billion dinars them on and off the rest of the instruments.
According to the bank management in a statement received news agency public opinion (and babysit), a copy of it, said Sunday that “The banks that have been converted instruments it is Read more…

Rubaie: the government reducing its budget without exception Kurdistan or any other province

Rubaie: the government reducing its budget without exception Kurdistan or any other province

12/14/2014 06:39 GMT

Baghdad-and babysit – between the Member State of Law Coalition MP Rubaie, said that the budget imposed on Iraq conditions, the process of reducing expenditure and reducing its budget, so the government not to increase the budget of the Kurdistan to reach more than 18%.
Rubaie said in a statement received news agency public opinion (and babysit) a copy of it, that “the government reducing its budget without exception or Kurdistan province, of it.” Pointing out that “the increase of Kurdistan’s budget to more than 18% of the budget, after adding the amount trillion and two hundred million, to 17% percent of Read more…

Iraqi Dinar Guru opinions 12-13-14

Iraqi Dinar Guru opinions 12-13-14

12-13-2014 Newshound Guru Millionday THE RAFIDAIN BANK IS READY TO ACTIVATE THE ATMS IN BANKS AND THROUGHOUT IF THE PROGRAM OF THE REMOVAL OF THE THREE ZEROS GOES FORWARD OR SHOULD WE SAY AS SOON AS IT DOES. THIS MEANS THEY ARE SET FOR SMALL DENOMS OF COURSE AS WE KNEW FROM PAST REPORTS. THE LAWS LEFT ARE THE LAW OF PARTIES, HCL, AMNESTY, AND FEDERAL COURT. Read more…

Zebari: the budget deficit after the adjustment of $ 30 billion

Zebari: the budget deficit after the adjustment of $ 30 billion and a request to postpone the payment of compensation to Kuwait for two years

Posted, December 13 1 / December 2014 23:54

[Follow-where]

Finance Minister Hoshyar Zebari said after his ministry to reduce the deficit budget for fiscal 2015, but remained $ 30 billion.

Zebari said in a press statement that “After the refusal of Prime Minister Haider al-Abadi to the original draft budget, the Ministry of Finance has reduced spending by about ten billion dollars but still expected the deficit to about $ 30 billion.”

He pointed out that “the deficit was originally exceed 47 trillion dinars [$ 40 billion] Read more…

Finance reveal the government’s determination to resort to impose taxes on mobile phone sales

Finance reveal the government’s determination to resort to impose taxes on mobile phone sales

13/12/2014 10:31 GMT

Follow-up – and babysit – Finance Minister Hoshyar Zebari, the Iraqi government will resort revealed for the first time to impose taxes on mobile phone sales to bridge the shortfall in the budget, while noting that large numbers of the popular crowd did not receive their salaries.
Zebari said in a televised statement, he “will present the draft 2015 budget to the end of next week, the Council of Ministers,” likely to “be approved.”

“The plan followed in the budget is the rationalization of expenditure and Read more…