Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar/Dollar auction results 7-16-2014

Iraqi Dinar/Dollar auction results 7-16-2014

Currency auction results Announcement No. (2724)

Was the opening of bids for the Commission on the sale and purchase dollar daily seven hundred and twenty-four after two thousand to buy and sell foreign currency at the Central Bank of Iraq on Wednesday, the day on 07.16.2014 and the results were as follows: Read more…

Association of Banks reveal rework its rules of procedure to meet the private banks

Association of Banks reveal rework its rules of procedure to meet the private banks

07/16/2014 (00:01 pm)

BAGHDAD / long-Presse

Revealed the Association of Iraqi banks, on Tuesday, for the reformulation of the rules of procedure of the Association to suit the need of banks operating in the country, and noted that the goal is to “develop”, the banking sector, while confirming they are working to be the “real guns”, for banks, drew that private banks have Read more…

Iraqi Dinar Guru opinions 7-15-14

Iraqi Dinar Guru opinions 7-15-14

7-15-2014 Newshound Guru Millionday Article quote: “The top Shi’ite cleric in Iraq, Ali al-Sistani has delivered a verbal message to the outgoing Prime Minister , Nuri al-Maliki, telling him that he should step down from his post during a week to make room for to choose an alternative and end the crisis in the formation of the government.” SO AS WE SEE HE THE RELIGEOUS AUTHORITY HAS ASKED MALIKI TO HIT THE ROAD JACK. [If they want Maliki out why is he staying?] HE SEEMS TO THINK THAT THINGS WILL CHANGE BY TAKING CREDIT FOR UPCOMING CHANGES AND PROGRESS BUT I DONT THINK THAT IS AN OPTION DUE TO THE LOSS OF SO MANY AND HIS LACK OF LEADERSHIP. Read more…

Iraqi Dinar Guru opinions 7-14-14

Iraqi Dinar Guru opinions 7-14-14

7-14-2014 Newshound Guru Kaperoni Article: “The stability of the dinar exchange shares in maintaining the prices of goods” Quote: “The exchange rate of the dinar in 1220 dinars banking offices in the official exchange rate of 1166 dinars and the price is stable, as the increase up to 2 percent represents an acceptable price and stable, according to financial expert, the appearance of Dr. Mohammed Saleh.” Glad to see Saleh confirm the 2% spread. As well, he makes a very solid statement that the Iraqi dinar would be considered a “hard currency” if not for the absence of mechanisms…which to me means open the currency to the world (Article VIII) and a new Exchange Regime (they must get off the peg and on to some sort of float)…only currencies that float are considered “hard currencies”. The last few days of CBI news does give me more optimism about the banking system. For sure the CBI is pressing forward to prepare for the day of Article VIII and a new Exchange Regime. We just need the rest to fall into place. Read more…

Iraq’s parliament in its first cost the Treasury $ 20 million

Iraq’s parliament in its first cost the Treasury $ 20 million

Posted 14/07/2014 01:43 PM

On the despite the lack of success in resolving the Iraqi parliament presidency three vacant positions at its first and second , but the meeting in Baghdad for 25 minutes only cost the budget of Iraq Heavily Indebted 24 billion Iraqi dinars, equivalent to 20 million U.S. dollars approx.

And each received 10 million dinars Vice monthly salary (8500 U.S. dollars) and 30 million Iraqi dinars salaries for members of the special Read more…

The stability of the Iraqi dinar exchange shares in maintaining the prices of goods

The stability of the Iraqi dinar exchange shares in maintaining the prices of goods

7/14/2014 0:00

Citizens praised the actions the government and the Central Bank of
Baghdad – the joy of pumice
yielded the efforts of the government, represented by the competent bodies for the stability of the exchange rate of the Iraqi dinar, despite attempts by gangs “Daash” terrorist influence it through the theft of millions of dollars and dinars from the provinces of Mosul and Salahuddin.
praised the citizens of actions taken by the CBI in this regard, particularly supplied confounded significant financial gave the Iraqi dinar strength, which led to Read more…

Iraqi Dinar Guru opinions 7-13-14

Iraqi Dinar Guru opinions 7-13-14

7-13-2014 Newshound Guru tlm724 Article: “Industry proceed with the application of the law to protect Iraqi products” I just can’t begin to tell you how important this step is for Iraq and for us! This electronic linking has opened all the doors, they have accountability now which they have NEVER had. the minister of industry is going forward with the laws that were already passed but never implemented! This leads to the full implementation of the tariffs! now the GOI and the CBI, banks are linked and going global according to Gov. Turki. Read more…

Citizens of Kirkuk complain of lack of deal in the category of 500 dinars cash

Citizens of Kirkuk complain of lack of deal in the category of 500 dinars cash

Saturday, July 12th, 2014 12:20

Kirkuk / Baghdad … News Achtka number of citizens of Kirkuk on Saturday, the non-acceptance of the owners of shops and banks deal in the cash category 500 dinars.
The citizens of the reporter / Baghdadi News / “The owners of the shops refrained from dealing and receiving currency class 500 dinars in the buying and selling”, stressing that “this measure Born resentment and anger ground swell towards governmental authorities which were absent from the situation.”
They added that “a number of other government banks are starting not to deal with this category of cash.” Read more…

Iraqi Dinar Guru opinions 7-11-14

Iraqi Dinar Guru opinions 7-11-14

7-11-2014 Intel/Newshound Guru Poppy3 I DON’T THINK WE WILL SEE ANY RATE TILL AFTER THE NEW PM IS NAMED AND THE GOI IS SEATED BUT I FULLY BELIEVE THAT ABSOLUTELY THE MINUTE THE NEW PM IS SEATED FROM THAT MOMENT FORWARD THE RV CAN TAKE PLACE AT ANYTIME FORWARD. WE ARE IN GOOD SHAPE IF ALL GOES WELL SUNDAY AND THERE IS NO REASON AT THIS TIME THAT SHOULD CAUSE A PROBLEM. WE NEED TO KEEP EYES AND EARS OPEN ABOUT MALIKI’S ACTIONS IN THE NEXT FEW DAYS. Read more…

Iraqi Dinar Guru opinions 7-10-14

Iraqi Dinar Guru opinions 7-10-14

7-10-2014 Newshound Gurus tlm724 & Shredd Article quote: “We will also see the session the second reading of a bill accession of the Republic of Iraq to the establishment of the International Islamic Trade Finance” there has been several arts [articles] recently telling us what parliament has been working on and there was a bill being read that caught my attention…there 56 countries in the organization on several continents and Iraq is already listed as a member – now as mentioned in the above article they state “accession” into the Trade Finance Org. Imo, Iraq is now prepared to implement and take full advantage of the funds and many advantages of this Org…this accession is huge…major steps continue to take place behind the scenes…that bring Iraq to a place where they are ready to have a strong dinar in front of them. Read more…

The market has not seen any rise in prices and there is stability at the price of the dinar

The fight against economic crime: the market has not seen any rise in prices and there is stability at the price of the dinar

Thursday July 10, 2014 18:30

Alsumaria News / Baghdad
The Directorate of the fight against economic crime in the Interior Ministry, said Thursday that the Iraqi market has not seen any significant rise in prices, while assuring senior agent of the Ministry of the Interior Adnan al-Asadi, the stability of the price of the Iraqi dinar.

The director of the fight against economic crime, Brigadier Hussein al-Shammari at a press conference with a senior agent of the Ministry of the Interior Adnan al-Asadi, after a meeting with the directors of the banks in Baghdad and attended “Alsumaria News”, that “since the issuance of Read more…

Iraqi Dinar Guru opinions 7-9-14

Iraqi Dinar Guru opinions 7-9-14

7-9-2014 Newshound Guru Enorrste Article Quote: “The Governor of Central Bank of Iraq, Abdul-Basit Turki, that Iraq is able to get out of its current crisis, “noting that the Iraqi dinar and supported by a strong cash reserve of 70 billion dollars and is not linked to any other currency. And pointed out that the Turkish central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar but did not rule affected the exchange rate.” I have consistently held the view that the security situation, the political situation, and the CBI situation are not intrinsically linked together, as some…believe. That is why I remain positive on our investment. Turki is confirming my position on this with this statement. Read more…

Iraqi Dinar Guru opinions 7-8-14

Iraqi Dinar Guru opinions 7-8-14

7-8-2014 Newshound Guru Millionday Article quote: “A parliamentary source revealed on Monday, the Presidency of the Council of Representatives decided to postpone the second session of the Parliament to the 12th of August next.” there are no guarantees of anything to do with this investments — only that we are going to bring you the news and we are going to watch and see what happens. they have been given a constitutional deadline to have it complete…they seem to be moving very fast in the advancements for the economy and have little desire to ever finish the political side of things — economically they are moving fast and doing a lot — the political change they are having to complete is a stall in the road more than once — but CBI has been working on a lot of changes in regulations and the move to lift the guardianship of the Warka bank and also extending many of the bank branches throughout the nation as well. Read more…

Iraqi Dinar Guru opinions 7-7-14

Iraqi Dinar Guru opinions 7-7-14

7-7-2014 Newshound Guru Kaperoni Article: “Political blocs warns of blocking the formation of the government for “a long time” because of the insistence of Maliki confirms: Star is not the most likely candidate” Maliki has set the stage…stating he will not give up the right to a 3rd term which is really saying..”I am not leaving no matter what” unless toes up. The reality is everyone…nobody wants to admit it, but this is a real bad situation…not only for Iraq but for us as investors…when these types of events happen (terrorists taking over a province) or Maliki (refusing to leave)…the end result is not only an escalation in violence but the destruction of years of hard work rebuilding the infrastructure. Read more…

Warka Bank .. years and depositors’ money lost between the central bank and the bank management

Warka Bank .. years and depositors’ money lost between the central bank and the bank management

07/07/2014 15:07

Tomorrow’s Press / Baghdad: Muhannad Mustafa
If we are to escape from the fear of the reality in which we live our money and the amount of money that may be all we have what we have, but the direction to the nearest bank in the capital, or the city that we live where to put it and bank deposits are in the custody bank so be assured funds from theft and fraud, but The issue in the Warka Bank are radically different, as the ordered another story. deposits placed in the bank can not go back to the citizens and in any Read more…

Iraqi Dinar Guru opinions 7-6-14

Iraqi Dinar Guru opinions 7-6-14

7-6-2014 Intel Guru Hub …i have three close very close people [that] know more than we do…real…time business currency business info and they were in on the kuwait rv and they know the talk and talk the walk…the real information is the dinar has been revalued. [contact says it RV?] two major contacts, yes. …some of my people are all oil people in iraq, iran, kuwait, saudi, and the other mid east oil people…these people are a special breed…my contact which is a currency broker, made a killing on the revaluation of the kuwait dinar. Read more…

Economic accused of trying to destabilize prejudiced views of the Iraqi dinar

Economic accused of trying to destabilize prejudiced views of the Iraqi dinar

06/07/2014 11:32

BAGHDAD / Source News / economic expert .. accused Rashid al-Hilali, Sunday, prejudiced views to work to fight the Iraqi currency and influence the broadcast of the alleged rumors about the collapse.
He told al-Hilali / Source News / “The views tendentious works to fight the Iraqi currency in order to weaken the strength in the markets, and thus fall within the war against Iraq.”
He added that “the Iraqi currency is still strong despite the many rumors Read more…

CBI: the power of the dinar has not been affected despite the recent situation

CBI: the power of the dinar has not been affected despite the recent situation

Sunday July 6, 2014 – 11:08

The governor of the Iraqi Central Bank, Abdul-Basit Turki, the strength of the Iraqi dinar and the precautions that support has not been affected despite the recent situation in Iraq and the militant groups to launch an attack on Iraqi territory. Said Turki during his participation and chaired by the Financial Action Task Force for the Middle East and North Africa to combat money laundering and terrorism financing in the capital of Bahrain, Manama: “The cash reserve supporter of Read more…

Auction of the Ministry of Finance

Auction of the Ministry of Finance

6/7/2014 0:00

Baghdad – Mostafa Hashemi
The Ministry of Finance on Monday auction of Treasury Notes of the order of 364 days at $ 500 billion dinars.
, said a source in the ministry said the auction is the sixth this year and the third of its kind, which is the sale of treasury transfers to government agencies Read more…

Iraqi Dinar Guru opinions 7-5-14

Iraqi Dinar Guru opinions 7-5-14

7-5-2014 Newshound Guru Tlar We are on hold because Tuesday the 1st of this week parliament met, was sworn in then adjourned planning on this coming week to finish. This coming Tuesday, the 8th, is critically important to our investment. They are planning on nominating the POP first, then the President, then his two deputies and lastly the PM, all in one day. I hope they are ready to go and can get it done as they think. When they get that done the new government will be announced and seated. Next will follow within days the RV of the currency ($3.25 – $3.65). This is the plan and we better hope it is successful. Maliki must be taken down in this session. If not and the plan fails, it won’t be pretty for our investment and there will be a likely hood of a civil war between the Shia and the Sunni. Read more…