Posts Tagged ‘Iraqi Dinar’

Iraq’s sixth globally in money laundering

Iraq’s sixth globally in money laundering

02-09-2014 04:59 PM

A report issued by the Institute of Government in Basel, Switzerland, that Iraq is ranked sixth in the world in terms of highest risk in the fight against money laundering, adding that the nations of the world to lower the risk of money laundering, including Finland and Estonia.
The institute said in a report published on its website that ‘Iraq ranked sixth in the world in the highest risk AML as the Read more…

Iraqi Dinar Guru opinions 9-1-14

Iraqi Dinar Guru opinions 9-1-14

9-1-2014 Newshound Guru Millionday & BGG this “seminar (aka – meeting)” took place on Skype – whatever this meeting was really about was obviously so urgent they couldn’t wait to meet in person. They had to meet on Skype. THEY HAD THEIR OFFICIALS PRESENT IT APPEARS AND OTHERS ON SKYPE. “…to develop the banking reality in Iraq.” sounds very interesting… IMHO. ECONOMIC REALITY IS WHAT WE ARE WAITING FOR AND THIS IS A HUGE MEETING. THEY ARE SAYING THE MARKET HAS TO OPEN FOR IRAQ — THEY NO LONGER CAN STAY CONTAINED. This type of news coupled with the recent variance in the currency auctions may be HUGE… Read more…

Resumption of work at the Rafidain Bank in London within the Paris Club Adjustments

Resumption of work at the Rafidain Bank in London within the Paris Club Adjustments

01/09/2014 (00:01 pm)

BAGHDAD / Ibrahim Ibrahim

Economists welcomed the re-opening of the Rafidain Bank in London after he stopped working for 24 years, noting that the expansion of trade cooperation between Baghdad and the rest of the world has become an urgent necessity at the present time, demanding to take similar measures in other countries.

The economist said the appearance of Mohammed Saleh in an interview for the “long”, “The re-opening of a branch of the Rafidain Bank in London is an Read more…

Statistical: central bank sales of dollar in August, the highest since the beginning of 2014 override the 5 billion

Statistical: central bank sales of dollar in August, the highest since the beginning of 2014 override the 5 billion

Monday, 01 September / September 2014 07:04

[Baghdad-where]

Recorded central bank auction for the sale and purchase of foreign currencies during the month of August has the highest sales since the beginning of the year in 2014 after more than five billion dollars.

The sales last month, the dollar remittances of more than Read more…

Iraqi Dinar Guru opinions 8-31-14

Iraqi Dinar Guru opinions 8-31-14

8-31-2014 Newshound Guru Adam Montana [We know the Iraqi dinar is under a managed float regime In a float The official exchange rate changes with the Buying and selling of the dinar by the central bank which I turn establishes and maintains the exchange rate. Do ya see a way for them to drive up the market rate by setting the dinars rate higher at the banks in Iraq before the official exchange rate is changed?] it sounds like you are describing a way for the CBI to “manipulate” the rate… in which case I have to emphatically say YES – they definitely have the ability to do so! And in my opinion, they WILL do so…to their benefit and also ours. Read more…

Jubouri: Minister of Finance, will host this week to resolve the budget file

Jubouri: Minister of Finance, will host this week to resolve the budget file

Sunday, August 31, 2014 13:32

Babylon / Baghdadi News / .. announced Iraqi Parliament Speaker Salim al-Jubouri, on Sunday, that the Parliament and the Minister of Finance, will host this week to resolve the budget file.
This came during his visit to the province of Babylon, where the transfer of the Information Office of the Jabouri recently has seen him / Baghdadi News /, that “Parliament will host the Minister of Finance this week to find out the solution to an expedited Read more…

Iraqi Dinar Guru opinions 8-30-14

Iraqi Dinar Guru opinions 8-30-14

8-30-2014 Newshound Guru Tlar Some Ministers may be in dispute but those will be resolved. The platform is a series of pre-agreed solutions to big issues (promises in writing) with known outcomes such as the resolution of the HCL and its agreements and article 140 and its resolution. That will guarantee the Kurds and the Sunni’s will get what they want and will support this government. They can’t get everything done all at once and some things they can’t even start until there is a new COM in place which means a seated government. This agreement in writing is the roadmap that they have all promised to follow. Everyone will sign it once the negotiations are done. Once the agreement is done they will register it with the court. It provides that warm fuzzy for everyone including the CBI and removes the element of trust. It also guaranties that the vote will be in favor of the government of Abadi. If this document is signed sealed and delivered and all parties feel good about it, the CBI will figure the voting in of the government is a slam dunk even if it takes a little more time do to some disqualifications of submitted Ministers. The CBI needs to get going now. Read more…

Iraqi Dinar Guru opinions 8-29-14

Iraqi Dinar Guru opinions 8-29-14

8-29-2014 Intel Guru TD Comments to share from my Kurdish friend today: While there is considerable progress being made in formation of a new government it is NOT yet complete. It should by all indications be named (cabinet members) few days before the deadline. Then Parliament must vote and approve everyone and at this time getting the (moderate) Sunnis on board with all remains incomplete. Masum is reaching out daily to Sunni leaders to get on board. The alternative of an ISIS state for moderate Sunnis is frightening so chances look good but the Sunnis really want a BIG PART OF THE ACTION. Read more…

Financial difficulties faced by the government impede approval of the draft budget

Financial difficulties faced by the government impede approval of the draft budget

29/08/2014

The Minister of Finance Agency purity of net debt for the existence of difficulties in the outgoing government impede approval of the draft budget law for 2014.

He said the net in a statement to Radio Free Iraq, “said the outgoing government has taken into account a lot of feedback that it reinforced the Finance Committee’s interim House of Read more…

Iraqi Dinar Guru opinions 8-28-14

Iraqi Dinar Guru opinions 8-28-14

8-28-2014 Newshound Guru Millionday [Is the 2014 budget figured for the last 4 months of this year?] YES — FOR THE LAST OF THIS YEAR ONLY. [Interesting that it’s for 4 months and starts on the 1st of September, and not before.] THE IPOS ARE BEING LISTED ON THE ISX ON SEPT 1ST AS WELL. THEY ARE REPORTING AS IF THEY ARE IN A HUGE HURRY WHICH THEY SHOULD BE. [Do you believe the HCL is in the budget?] THE HCL IS A SEPARATE LAW BUT THERE HAVE BEEN REPORTS THAT IT WILL BE VOTED ON AT THE SAME TIME — WE WILL HAVE TO WAIT FOR THE ANNOUNCEMENT, IT IS THE OIL AND GAS LAW. THE KURDS ARE HAPPY AND THEY ARE DOING THE ARTICLE 40 HCL AND THE LAUNCH OF ALL DISPUTED AREAS. THIS REALLY IS GREAT — THE NEWS IS VERY POSITIVE. Read more…

Iraqi Dinar Guru opinions 8-27-14

Iraqi Dinar Guru opinions 8-27-14

8-27-2014 Newshound Guru BGG & Chattels 1203 was the market price reported yesterday, it is 1201 today…less is more and closer to the 2% variance supposedly desired by the IMF . Wow!! More good news. That is big. First time that has happened. The published “market rate” is what is dropping – not the 1166 (auction rate)… the fact that the market rate and auction rate are getting closer together is pretty good news…this is one of the precursors put forth by the IMF before Iraq can gain entrance to article 8 – and international acceptance. first two days it is realistic…which doesn’t absolutely mean it will happen tomorrow – just that it CAN. [So they are now in compliance or close to it?] as I understand it – today they are. I would suspect the IMF wants to see some stability at such a marker – JMHO. Read more…

Baghdad plan for services for 2015 .. allocation of 1.2 trillion dinars

Baghdad plan for services for 2015 .. allocation of 1.2 trillion dinars

08/27/2014

BAGHDAD / JD / .. announced the province of Baghdad Ali Mohsen al-Tamimi from start to prepare a plan next year’s budget is estimated at 1,289 trillion dinars and included projects for the sectors of education, sports, water, sewage and the local administration and municipalities, culture, urban planning and the sectors of housing and security.
The statement said the province had received / JD / copy of it: that the governor of Baghdad, said during a meeting directorates Baghdad service Read more…

An invitation to re-work the cash Balmeskukat

An invitation to re-work the cash Balmeskukat

8/27/2014 0:00

To the fact that paper currencies perishable and reprinted expensive
Baghdad – Mostafa Hashemi
at a time when the world advanced in payment methods Financial represented by instruments and credit cards and mobile Bankink lost Iraq in the nineties of the last century, a generation whatever means of payment, while proceeded to work through sophisticated to keep pace with global progress in this area, but he -obhsp an economist -tbaky payment methods ancient of the important means that can not be eliminated as long as dealing with diffuse significantly among the public.
In this context, said economic expert, Dr. appearance of Mohammed Saleh that whatever emerged from the modern methods and advanced payment Read more…

Iraqi Dinar Guru opinions 8-26-14

Iraqi Dinar Guru opinions 8-26-14

8-26-2014 Intel/Newshound Guru Poppy3 DR SHABIBI HAS BEEN BEHIND THE SCENES ALL THE WHILE AND I HAVE STATED THAT SINCE HE WAS WRONGLY CHARGED. HE HAS BEEN WORKING ON IRAQ’S BEHALF AT THE IMF AND HE, I AM SURE, HAS BEEN LAYING OUT THE PROCESS OF GETTING FINANCIAL REFORM STARTED AND FUNCTIONING ASAP. HE WAS PUSHING FOR THE RV BEFORE HE LEFT AND SAYING IT WAS NEEDED THEN AND Im sure he is pushing for turki to move on the process today. Read more…

Central action keeps the money of depositors and shareholders

Central action keeps the money of depositors and shareholders

8/26/2014 0:00

Two experts confirm the success of monetary policy in evaluating the performance of banks
BAGHDAD – Hussein al-Tamimi Tgb
adoption of the foundations of financial discreet in the management of the monetary sector represents the most important steps to achieve economic development, this was confirmed by (experts in economic affairs), departing from the mechanisms adopted by the Central Bank of Iraq to Read more…

Iraqi Dinar Guru opinions 8-25-14

Iraqi Dinar Guru opinions 8-25-14

8-25-2014 Intel Guru Jester GOT SOME GOOD FEEDBACK… IS IT ENOUGH FOR ME TO CALL IT… NO… IS IT DIFFERENT THAN NORMAL… YES… IS IT FROM OUR MAJOR SOURCES…YES… ARE THEY SAYING FOR SURE… NOT… JUST THAT SOMETHING IS CHANGING…ARE WE SEEING CHANGES IN THE BANKING… YES… THINGS THAT WERE NOT POSSIBLE BEFORE ARE NOW APPARENTLY UNDERWAY… SUFFICE TO SAY THAT IT IS A POSITIVE DIRECTION… I CAN TELL YOU SOMETHING IS HAPPENING… OTHERS SEE THAT AS MEANING WE ARE DONE… I SEE IT AS THE PTB NEEDING CASH FLOW… A STOPGAP METHOD FOR PUTTING YOUR FINGER IN THE DIKE TO KEEP THINGS FROM GOING TO HECK IN A HAND BASKET… Read more…

Auction sale of currency to balance supply and demand and to preserve the stability of the market

Auction sale of currency to balance supply and demand and to preserve the stability of the market

Posted, 08/25/2014 22:08

5 trillion and 200 billion dinars value Auctions central to control liquidity
BAGHDAD Mustafa al-Hashemi – the joy of pumice
is an auction sale of the currency held by the central bank daily important tool of monetary policy to keep inflation and the exchange rate of the dinar against the dollar since warned Mokhtassan that any stop or delay in convening would raise prices as a result of vibration balance of supply and demand for Read more…

Iraqi Dinar Guru opinions 8-24-14

Iraqi Dinar Guru opinions 8-24-14

8-24-2014 Intel/Newshound Guru Poppy3 RATE COMING HIGH AND STABLE…US BANKS BUYING MILLIONS IN THE LAST COUPLE WEEKS… THEY KNOW IT IS COMING AND ARE WATCHING THE DINAR MOVEMENT JUST LIKE US EXCEPT FROM THE INSIDE OUT NOT LIKE US WATCHING FROM THE OUTSIDE IN. WE HAVE NO IDEA YET AS TO WHEN IT WILL APPEAR BUT THEY HAVE WATCHED AND WAITED TILL NOW TO START BUYING MASSIVE MILLIONS IN DINAR. I AM HYPED ON THE SITUATION AT THIS TIME…WE ARE IN A GREAT PLACE …ALL THE NEWS IS POSITIVE FOR MOVEMENT SOON AND ESPECIALLY USA BANKS BUYING. Read more…

Central Bank gives licenses to foreign banks without a commitment to development

Central Bank gives licenses to foreign banks without a commitment to development

25/08/2014 (00:01 pm)

BAGHDAD / Ibrahim Ibrahim

Called economic experts and specialists in the matter of financial and banking sector, the central bank need to work on the expansion of electronic payment services to facilitate the operations of banking and financial transfer to speed up the cycle of the Iraqi economy, criticized the banking system and the way it works that do not comply with international standards and that is not Read more…

Two: the easiest money out of their entry into Iraq

Two: the easiest money out of their entry into Iraq

8/24/2014 0:00

Despite the facility Investment Act, as amended
BAGHDAD Mustafa al-Hashemi – the joy of pumice
in time which allowed the Investment Law No. 13 of 2006, as amended, free access to private money investors and companies to Iraq suffers each, according to two experts economists from weakness keep abreast of developments in the banking system of the country hinders access a large part of For the purpose of this money invested for the advancement of economic reality, along with the Read more…