Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 12-12-14

Iraqi Dinar Guru opinions 12-12-14

12-12-2014 Intel/Newshound Guru tman23 The Kurds speak of independence…the Kurds speak of not using IQD because of the 3 zeros…Every MAJOR foreign country and investor (even Kuwait) are going into the Kurd region FIRST for investments…So riddle this…How does this fair for the CBI and lost revenue if everyone in Kurdistan is floating around Euro and USD…What does that do for the CBI …the market rate…? I guess they will need to depend on Basra…Then the threat of ISIS announcing their own coins to circulate…what if those coins have more value then the CBI $$$…and people start to accept them because they are gold and silver…The CBI is in a tough spot…Best make your currency desirable with value…AND QUICK !! Read more…

Iraqi Dinar Guru opinions 12-11-14

Iraqi Dinar Guru opinions 12-11-14

12-11-2014 Newshound Guru Kaperoni …many ask all the time “is the CBI in compliance with the IMF or not” and we all look at the numbers and try and figure it out…Official rate/Market rate stuff which is very important. You see under IMF Article XIV, the IMF is teaching the CBI how to manage its currency and compliance is important to the IMF before they will let the CBI take the next step which as everyone knows would be for them to move to Article VIII. The IMF told us the answer we all asked…Are they in compliance? Well the answer in September was no according to the IMF Press Release, the spread in September was 2.6%. So we can go back to the CBI site, pull up the auction numbers and see what exactly they were and relation to the Official rate/Market rate. So in September, the CBI published 1203 and 1206 throughout the whole month. So Official rate is 1166 and market rate was 1203 or 1206 which according to the IMF is 2.6% and not in compliance. So now we know that the Market rate must be less for them to be in compliance and that calculation is easy to do and we can figure it out…the “golden number” appears to be 1200 or less. Read more…

Iraqi Dinar Guru opinions 12-10-14

Iraqi Dinar Guru opinions 12-10-14

12-10-2014 Newshound Guru Enorrste Article: “Statement at the End of an IMF Mission on Iraq” The article…makes it clear that the decision to release some of the reserves was made by the CBI in concert with the GOI to fund the deficit. It is speculation to say that Maliki and/or Turki were behind this, since we do not know when the funds were released. In any case, the fact that this came out in an officially recognized IMF article implies to me that the release was on the “up and up” as far as the IMF was concerned. In other words, the IMF didn’t mention anything “fishy” in the reduction of reserves and, furthermore, didn’t even make a comment about the fall in reserves. Therefore, I do not believe this is an issue with respect to the future of our investment. Read more…

IMF: Iraq’s economy for the next year to grow at a rate of 2% with the increase in the production of oil exports

IMF: Iraq’s economy for the next year to grow at a rate of 2% with the increase in the production of oil exports

Wednesday, December 10, 2014 17:39

BAGHDAD / Baghdadi News / .. signed the International Monetary Fund and the growth of the Iraqi economy over the next year in 2015 at a rate of 2% {} with the increase in oil production and increase its exports supported the agreement, which was recently between the governments of the Read more…

Iraqi Dinar Guru opinions 12-9-14

Iraqi Dinar Guru opinions 12-9-14

12-9-2014 Newshound Guru Millionday Quote: “The economic expert is expected to increase the purchasing value of the Iraqi dinar taking advantage of the economic strength of the dollar”. THE RAISE OF THE US DOLLAR RAISES THE BASKET OF CURRENCIES AND WE ARE THE LARGEST PURCHASERS/CONSUMER OF OIL — SO… THE GROWTH IN VALUE HAPPENED BUT THE PRICE OF OIL WENT DOWN SO IT HAS A PARTIAL GAIN DUE TO THE MARKET. SO IN OTHER WORDS THIS IS A GOOD TIME TO INCREASE THE PURCHASING POWER OF THE DINAR. Read more…

Parliamentary Energy: raise zeros will not affect oil prices

Parliamentary Energy: raise zeros will not affect oil prices

12/09/2014

Special / newspaper integrity / Mustafa al-Araji – The Energy Committee and member of the parliamentary oil Ugaili Aziz, said Tuesday that “raise zeros from the Iraqi dinar will not affect the low oil prices, the fact that specific prices in US dollars.

Ugaili said in a statement (newspaper integrity) that “the value of the Iraqi oil prices are in dollars, but the lifting of the zeroes will lead to an increase in Read more…

Iraq to cut crude oil prices to Asia and America, with increasing offers

Iraq to cut crude oil prices to Asia and America, with increasing offers

Posted, December 09 December 2014 23:25

[Follow-where]

The Iraqi Oil Marketing Company Sumo Monday that Iraq cut the official selling Basrah Light crude destined to Asia and the United States for download in the month of January next price but slightly raise the price of crude destined for Europe.

This comes after Saudi Arabia held a sharp cut to the official selling price of crude going to Asia and the United States last week.

Analysts and traders believe Read more…

Deputy: Erbil to Baghdad indebtedness of up to 21 trillion dinars

Deputy: Erbil to Baghdad indebtedness of up to 21 trillion dinars

12/09/2014

Says a member of the Finance Committee, the House of Representatives that the indebtedness of the Kurdistan region of Iraq, the federal government amounted to more than 21 trillion Iraqi dinars.

It adds MP Magda Tamimi in an interview with Radio Free Iraq that this amount came in the BSA for the month of March 2014 report.

But the Kurdistan region speaks to the contrary, noting that Baghdad Read more…

Zebari: the Iraqi dinar exchange rate remains stable

Zebari: the Iraqi dinar exchange rate remains stable

9/12/2014 0:00

Discussed with the International Monetary Fund and falling oil prices
Oman morning
Mohammed Jawad Al-Abdali accept Finance Minister Hoshyar Zebari, political, security and economic conditions, plans and programs of the government in the next phase, in particular to provide the budget in 2015 to the House of Representatives and the fight against corruption and an administrative and financial reforms. Zebari said, in round of annual consultations with the International Monetary Fund (IMF), which took place in Amman, Jordan: “It Read more…

Iraqi Dinar Guru opinions 12-8-14

Iraqi Dinar Guru opinions 12-8-14

12-8-2014 Newshound Guru Millionday THEY ARE PUSHING…TO MOVE IRAQ TO A GLOBAL TRADE COUNTRY… [we know the cbi will change the rate, but who will actually change the country to a market economy, GOI or CBI?] BOTH WILL, THE THING ABOUT MOVING TO A MARKET ECONOMY THE DINAR IS ALSO GIVEN A PRICE AS THEIR PRODUCT OF FINANCE AND THE LAWS OF THE GOV PUT THEM TO A MARKET ECONOMY. THE CALL HAS BEEN MADE TO PUT IN PLACE THE LAWS FOR THE TRANSITION…BUT ALL HAS TO BE DONE AT THE SAME TIME — SO THIS SHOULD BE INTERESTING. THERE ARE ALSO LOCAL LAWS THAT NEED TO BE CHANGED TO THE NEW LAWS FOR A MARKET ECONOMY BUT…THOSE LAWS…WERE DONE BY THE PREVIOUS GOV AND ARE ON A SHELF. Read more…

Araji: the budget will reach the parliament within days

Araji: the budget will reach the parliament within days and take care not to be affected citizen of helplessness

12/08/2014 (00:01 pm)

BAGHDAD / long-Presse

Bahaa al-Araji, the deputy prime minister, on Sunday, revealed that the Council will finalize the preparation of the general budget for 2015 in the coming days and before the end of the fiscal year.
And among the priorities of the exchange in the budget will be the security, health and service sectors, called for the Read more…

Iraqi Dinar Guru opinions 12-7-14

Iraqi Dinar Guru opinions 12-7-14

12-7-2014 Intel/Newshound Guru Poppy3 NOW THAT THE HCL IS AGREED ON AFTER YEARS AND THEY RUSHED TO EVEN SET A TEMPORARY HCL IN PLACE, WHY IN HEAVENS NAME WOULD THEY NOT RELEASE A RATE ASAP? LET ME SAY THEY WILL. THEY ARE ABSOLUTELY FROM ALL THE NEWS TIEING UP EVERY SMALL DETAIL AND PREPPING TO RELEASE THE RATE JUST DOESN’T MAKE SENSE TO RUSH IN EVERY WAY AND THEN STOP! DOES IT.

12-7-2014 Intel/Newshound Guru Poppy3 ABADI…HAS NOT LET THEM TAKE ANY TIME OFF PERIOD. THEREFORE HE WANTS THE RATE AND IS DOING EVERYTHING POSSIBLE TO GET TO A PLACE WHERE THE CBI FEELS CONFIDENCE TO RELEASE IT. DOESN’T MATTER THE DAY OR DATE LIKE A 15TH OR FIRST OF ANY MONTH BUT THE DAY THEY FEEL CONFIDENT THEY WILL RELEASE PERIOD. IT CAN BE AT ANY MOMENT LITERALLY. Read more…

The real budget deficit for 2015 will reach 27 trillion dinars

The real budget deficit for 2015 will reach 27 trillion dinars

07/12/2014

BAGHDAD / JD / .. tipped the Commission on oil and energy parliamentary, that the real budget deficit for 2015 will reach 27 trillion dinars, as pointed out that the ministerial committee regarding the problem to reduce unnecessary expenditures are trying to reduce the budget deficit.
A member of the Committee MP Ibrahim Bahr al-Ulum told / BD /: “The proposed by the federal government for the 2015 budget amounted to 150 trillion dinars, and the price of oil assessor ranges (60 to 65) dollars per barrel.”
He added: “In light of the oscillation-winning global oil prices, the expected Read more…

Budget early next year

Budget early next year

12/07/2014 11:26 GMT

Follow-up – and babysit – counting MP for democratic bloc Warka Joseph Saljoh, Sunday, that the delay in approving the federal budget for 2015 because of falling oil prices, “laughed the beards of the ordinary people,” likely that the 2015 budget law up to the House of Representatives in the next year.
He Saljohan “delayed adoption of the budget for 2015 for reasons related to a drop in world oil prices, represents unconvincing reasons,” returned them, “laughed the beards of ordinary people.”

He Saljoh, “The federal budget for 2015 will reach in February or March of Read more…

Iraqi Dinar Guru opinions 12-6-14

Iraqi Dinar Guru opinions 12-6-14

12-6-2014 Newshound Guru Millionday IRAQ IS MOVING TO ENTER A MARKET ECONOMY OF TRADE WITH THE WORLD. THIS WILL BE WITH THE ACTIVATION OF STRATEGIC FRAMEWORK AGREEMENTS. THIS IS WORLD TRADE WHICH REQUIRES A REALITY RATE AND INTERNATIONAL COMPLIANCE WITH ALL TRADE LAWS RESPECTED. THE COUNTRIES OF THE WORLD ARE OPENLY COMPETING FOR TRADE AGREEMENTS DUE TO THE HUGE OPPORTUNITY IN IRAQ`S ECONOMIC REFORM.

12-6-2014 Newshound Guru Kaperoni Article: “Iraq on the doors of an unprecedented jump in the export of oil” Raising level of oil exports will help the dinar rise in value… Once they pass these laws and the money is flowing into Iraq to invest in other various sectors, the additional exports of oil will be huge. Read more…

Iraqi lawmakers reject austerity

Iraqi lawmakers reject austerity

12/06/2014

Three presidencies (House of Representatives and Minister of the Republic), decisions to reduce salaries by half within the framework of government austerity measures taken.

BAGHDAD – said Imad Youkhana Iraqi Parliament rapporteur on Saturday, that the decisions taken by the three presidencies that (House of Representatives and Minister of the Republic), to reduce the salaries of 50% within the framework of government austerity plan, is “voluntary action” and is not binding on Read more…

Iraqi Dinar Guru opinions 12-5-14

Iraqi Dinar Guru opinions 12-5-14

12-5-2014 Intel/Newshound Guru tman23 Confirmed a report by the International Center for development studies, based in London, the Iraqi budget deficit poses a clear threat to the economy of Iraq, according to the report, the deficit exceeded $50 billion so that Iraq would be at risk of bankruptcy, Iraq will be unable to pay the salaries of its staff seems to be indicators of bankruptcy is looming on the horizon. So Iraq NEEDS TO PASS THE BUDGET! And to purchase imports their collective major export has lost 40% in value…BUT THE GOOD NEWS IS THEIR CURRENCY IS WAY UNDERVALUED… AND THEY CAN OFFSET THE 40% AND HAVE MORE IMPORT PURCHASING POWER BY SIMPLY… RAISING THE VALUE OF THEIR CURRENCY! Read more…

Zebari: We seek to reduce the budget deficit to 30 trillion dinars

Zebari: We seek to reduce the budget deficit to 30 trillion dinars

Friday 05 December 2014

Finance Minister Hoshyar Zebari revealed the ministry’s intention to reduce the general budget for 2015 to 120 trillion.

He explained Zebari said in a press interview that the ministry is serious about reducing the budget deficit to 30 trillion dinars, through a review of its provisions with the Ministries of State, and the search for domestic sources to reduce the deficit rather than Read more…

Reviewed the details of the agreement .. Barzani: Continuing transfer Kirkuk oil pipeline from Baghdad to Kurdistan

Reviewed the details of the agreement .. Barzani: Continuing transfer Kirkuk oil pipeline from Baghdad to Kurdistan

05-12-2014 12:27 AM

President of the Kurdistan Regional Government, Barzani announced Thursday to continue to work to connect the Kirkuk oil export pipeline to the Kurdistan Region network rather than linked to the central government.
Barzani said in a statement issued after the cabinet meeting yesterday (Thursday) that the Kurdistan Region will Read more…

Iraqi Dinar Guru opinions 12-4-14

Iraqi Dinar Guru opinions 12-4-14

12-4-2014 Newshound Guru Millionday THEY SIGNED AND VOTED IN A TEMPORARY HCL AND HAVE AGREED ON THE OTHER ISSUES… THEY PASSED A TEMPORARY SO THEY COULD BEGIN IN PRODUCTION AND AGREE FORMALLY ON FINANCES. THE ERBIL AGREEMENT OF 17% AND SOME OTHER AGREEMENTS WILL TAKE PLACE WITH THE 2015 BUDGET. THE IMPACT OF THE ERBIL AGREEMENT CONFIRMS A POSITIVE EFFECT ON THE REALITY OF THE ECONOMY AND ALSO THE IMPLEMENTATION OF THE GOVERNMENT PROGRAMS. SOME OF THE AGREEMENT FINANCIALLY WILL BE ACTIVE JAN 1ST 2015 AND SOME NOW. THE ERBIL AGREEMENT HAS MOVED ALL THEY WANT TO A BETTER PLACE FOR IMPLEMENTATION. THE UN , US , AND BRITAIN PRESSURED TO REACH AN AGREEMENT BUT HAD NO INPUT ON WHAT IT WAS. Read more…