Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 6-1-14

Iraqi Dinar Guru opinions 6-1-14

6-1-2014 Intel Guru TD I’m told there’s much to sort out & put in place with the new government. Key positions of political players being fought over. The Kurds are waiting to see if coalition power will be in their best interests. They have expressed to everyone that they are in a “wait & see” mode and only THEY will decide the best interests of their future. Coupled with this is Parliament who also has various laws still to enact to move the country into a market driven, international platform of investment & trade.

6-1-2014 Intel Guru TD The CBI has been asked to let things form & stabilize before any major monetary policies are executed. While the CBI is autonomous in theory, there is inter dependance among the executive & legislative branches. Don’t be surprised to see announcements regarding deletion of the zeros project, IMF & WTO compliance issues, international capital & investment banking reforms as targets of programs to roll out in 2015. This is Iraq and a snails pace of “things to do” hasn’t changed one bit. June, which was stated previously as a month of goals & actions will come & go without enactment of anything major relative to the dinar, it’s rate or status. Read more…

Central bank sales in the auction the dollar continue to rise to more than 4 billion a month

Statistics [where]: central bank sales in the auction the dollar continue to rise to more than 4 billion a month

Saturday, June 1, 2014 08:00

[Baghdad – where]

Continued dollar sales at the central bank auction to rise to more than 4 billion in the last month in May as they were in April and March, while sales were in each of the months of February and January is less than 4 billion.

According to statistics prepared by all of Iraq [where] the dollar sales at the central bank auction for the month of May amounted to 4 billion, 34 million and 531 thousand dollars for a total auction sales since the beginning of the year until the end of the month of May 19 billion, 315 million and 24 000 dollars. Read more…

To stabilize the Iraqi dinar against the dollar depends on increased supply in the domestic market

Association of private banks: to stabilize the Iraqi dinar against the dollar depends on increased supply in the domestic market

06/01/2014 10:36

Baghdad – and babysit – saw the President of the Association of private banks, an economist Abdul Aziz Hassoun that the success of the central bank’s measures seeking to stabilize the exchange rate of the Iraqi dinar against other currencies depends on the dollar cash deal to expand in the domestic market more than dealing in Iraqi dinars.
He said Hassoun, in a press statement on Sunday that “stabilizing the exchange rate of the Iraqi dinar is the main concern of the Central Bank of Iraq, stressing that Read more…

No real concerns on Iraqi funds after the lifting of U.S. protection

No real concerns on Iraqi funds after the lifting of U.S. protection

1/6/2014 0:00

Experts and specialists claim to take precautionary measures to face any emergency
BAGHDAD – Farah pumice
after the U.S. decision to lift protection for Iraqi money end of last week, were mixed views with regard of specialists and experts in this regard, including indicates the presence of concern are not significant for some people, and the face of the international community and non- Fear of international piracy with others.
, but that most of the opinions confirmed the absence of real fears big on Iraq’s money abroad, especially that most of them fortified internationally according to the laws, however, came calls for the creation of a team of specialists and legal advisers of international to Read more…

Iraqi Dinar Guru opinions 5-31-14

Iraqi Dinar Guru opinions 5-31-14

5-31-2014 Intel Guru Jester [A post…stated that the main backer of gold for the GCR has backed out?] YOU GUYS KNOW THE TERM SMOKE AND MIRRORS… SO THAT MIGHT BE THE BEST WAY TO DESCRIBE SOME OF WHAT IS GOING ON IN MY OPINION… [Jester could something like that even happen at this stage of the event…?] IT IS POSSIBLE… BUT I AM NOT SO SURE WHY THEY WOULD TRY SOMETHING LIKE THAT… I DO NOT THINK IT IS SOMETHING YOU SHOULD WORRY ABOUT AT THIS TIME…AND THE WORD I HAD LAST NIGHT IS… IT COULD BE 10 MINUTES OR IT COULD BE 10 DAYS… BUT IT IS RIGHT HERE… Read more…

The central bank decides to allow money transfer companies to buy dollar directly

The central bank decides to allow money transfer companies to buy dollar directly

Date Published: 16:49, 31/05/2014

(Independent) … CBI has decided to allow the money transfer companies to buy dollar directly from the bank without the need “to center banks.

The central bank said in a statement received (Independent) said on Saturday that “the board of directors of the Central Bank decided at its meeting held on Saturday to allow the money transfer companies to buy dollar directly from the bank to cover the money orders and cash in accordance with the mechanisms that were announced without the need to center banks.”

The statement added that “an attempt Central Bank this would help stabilize the exchange rate of the dinar against the dollar as well as Read more…

More than 5 trillion dinars value of remittances central Auctions

More than 5 trillion dinars value of remittances central Auctions

5/31/2014 0:00

BAGHDAD – morning
central bank announced its plan for the current year to issue Hawwalath of the 91-day auctions held in the bank’s headquarters. said a source at the bank said the plan included the establishment of 26 auction during this year, noting that the value of each auction of 200 billion dinars for the total amount Asdaria 5 trillion and 200 billion dinars.
The sale transfers the central bank to government departments and Read more…

Iraqi Dinar Guru opinions 5-30-14

Iraqi Dinar Guru opinions 5-30-14

5-30-2014 Intel/Newshound Guru Poppy3 all new is good news — THINGS WHERE EXPLAINED TO ME TODAY about the 13303 being extended on the 22nd was decided to happen two weeks prior to the deadline. It was conveyed to Obama and the administration that under the 13303 law as written the banks and the IRAQ CBI would never be admitted to the WTO as FULL MEMBER BECAUSE THE law AS written would prevent all word banks, including the USA banks, from being able to trade with IRAQ and would prevent any DINAR exchanges. Immediately they started writing an amendment to the LAW and when they didn’t get it completed in time they then had to extend it until the amendment was complete…at which time Obama signed an executive order to put it immediately into law so the BANKS COULD MOVE FORWARD. IT AUTOMATICALLY GIVES OUR BANKS LEGAL RIGHTS TO NOW EXCHANGE OUR DINAR WHEN THEY ANNOUNCE THE NEW VALUE. Read more…

Planning Specialization trillion and 200 billion dinars as a counterbalance to the Kirkuk plan within five dollars

Planning Specialization trillion and 200 billion dinars as a counterbalance to the Kirkuk plan within five dollars

30/05/2014 15:37

Follow-up – and babysit – Deputy Chairman of the provincial council in Kirkuk Ribawar Talabani, on Friday, the Ministry of Planning spotted trillion and 200 billion Iraqi dinars, as a counterbalance to the province for the current year within five dollar plan, calling on Parliament to the need to resolve the issue of the general budget.
Talabani said in a press statement, “The Ministry of Planning allocated $ trillion and 200 billion, as a counterbalance to the province of Kirkuk Read more…

Iraqi Dinar Guru opinions 5-29-14

Iraqi Dinar Guru opinions 5-29-14

5-29-2014 Newshound Guru wmawhite OFAC [Office of Foreign Assets Control] acts under Presidential national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze assets under US jurisdiction. Now it was OFAC that published the amendment to EO 13303. Therefore, the assets of the CBI are no longer under sanctions within the USA. The importance here is that if OFAC prohibits a country, our banks are unable to do business with that country. Now, OFAC is stating that all sanctions are lifted as to the CBI. [so the sanctions being lifted means our banks can now deal with Iraqi dinar?] if a bank chooses to do so. [it seems this was a big issue to overcome to see MR occur for this country? Am I on the right track?] One of the biggest for us to exchange the IQD within the USA. Read more…

Treasury transfers

Treasury transfers

5/29/2014 0:00

Baghdad – Mostafa Hashemi
held the Ministry of Finance a live auction, organized by the Central Bank to sell money orders Treasury to for 182 days at $ emissivity 500 billion dinars.
source (morning) that the auction half yearly remittances sale full Asaddarath and the highest price Items for Auctions competitive where it reached 6.50 percent with an average yield of 5.73 percent, indicating that the number of participants in the auction amounted to Read more…

Iraqi Dinar Guru opinions 5-28-14

Iraqi Dinar Guru opinions 5-28-14

5-28-2014 Newshound Guru Kaperoni Executive Order: “Ending Immunities Granted To The Development Fund For Iraq And Certain Other Iraqi Property And Interests In Property Pursuant To Executive Order 13303, As Amended” The way I see it, Obama never extended the protection of the DFI on May 19th, he only extended the “national emergency” in regards to Iraq (which never needed extension). This news today confirms the “national emergency” is still in place, yet the funds under the DFI are no longer protected. He is giving them control of their money and it will be up to Iraq to resolve any remaining debt issues or lawsuits will commence. One can make a reasonable assumption that giving them their money (DFI), and the liability that goes with it, as a push to stand up and engage with the world financial system which includes the dinar. Read more…

Iraqi Dinar Guru opinions 5-27-14

Iraqi Dinar Guru opinions 5-27-14

5-27-2014 Newshound Guru American Contractor It appears that the new Iraqi dinar currency with the security enhanced banknotes have now been introduced into the Iraqi economy. American Contractor has not seen these banknotes personally, but my sources tell me that there has indeed been some distributed and in circulation. …I would just like to mention that there are [some] that have said that Prime Minister Nuri Maliki does NOT want to change the Iraq dinar currency. This is bogus, unsubstantiated reporting. In fact, this couldn’t be further from the truth. If it is indeed true that the new currency IS in circulation that would indicate proof that PM Maliki is actually RESPONSIBLE for its release…he is actually all for economic development in Iraq. Read more…

World Bank chooses three Iraqi provinces to implement the management program of government investment

World Bank chooses three Iraqi provinces to implement the management program of government investment

Tuesday 27 May 2014 18:28

Alsumaria News / Kirkuk
Kirkuk Provincial Council announced Tuesday that the World Bank and the Ministry of Planning chose the provinces of Kirkuk, Karbala, Maysan coverage in the management of government investment program to witness the evolution of these provinces and large urban movement.

The council said in a statement Tqlt “Alsumaria News”, a copy of which, “The head of the provincial council in Kirkuk agency Ribawar high Talabani discussed with a delegation from the World Bank program on the Read more…

Iraqi Dinar Guru opinions 5-26-14

Iraqi Dinar Guru opinions 5-26-14

5-26-2014 Newshound Guru chattels …assuming this Thursday, May 30, we have an end /resolution to election “complaints” and a beginning to a reliable timeline, i.e., ratification /certification of the election results, then we should have the next government of Iraq on or about July 14, 2014. *** NOTE: Ramadan 2014 begins in the evening of Saturday, June 28 and ends in the evening of Monday, July 28. [Am I mistaken or don’t they work through Ramadan, Isn’t it a holiday where they fast during the day and eat in the night hours?] it is the subject of debate every year…i believe that work and Parliament will continue. Read more…

Iraqi Dinar Guru opinions 5-25-14

Iraqi Dinar Guru opinions 5-25-14

5-25-2014 Newshound/Intel Guru Arthur AS A REALITY INFORMATION PROVIDER, I ALWAYS ERR ON THE SIDE OF REMAINING GROUNDED OVER HYPE AND FOOLISHNESS. THAT BEING SAID, IT’S OK TO GET AT LEAST SEMI EXCITED WHEN WE HIT THE OCCASIONAL MAJOR WINDOWS THAT COME UP ONCE OR TWICE EACH YEAR. IMO WE ARE IN THE MOTHER OF ALL WINDOWS EVER STARTING FROM…MAY 25TH TO THE BEGINNING OF JULY. WITHOUT GOING INTO A LENGTHY INFORMATIONAL DIATRIBE AS TO WHY I FEEL THIS WAY, I THINK WE ARE CROSSING A MILESTONE IN THIS INVESTMENT WE HAVE NEVER EVER SEEN BEFORE. Read more…

An economist suggest the high value of the dollar against other currencies, including the Iraqi dinar

An economist suggest the high value of the dollar against other currencies, including the Iraqi dinar

05/25/2014 09:48

Baghdad – and babysit – suggested an economic expert peace Sumaisem rising value of the dollar to other currencies, including the Iraqi dinar after the crisis suffered by the EU fall in the euro against the dollar.
Sumaisem said in a press statement, said Sunday that “the collapse of the EU economically and fall of the euro against the dollar informs Bartf the value of the dollar against other currencies, asserting that many analysts Read more…

Iraqi Dinar Guru opinions 5-24-14

Iraqi Dinar Guru opinions 5-24-14

5-24-2014 Newshound Guru Millionday Article quote: “…an MP for the Liberal bloc member of the Finance Committee Magda Tamimi Presidency of the Council of Representatives to convene an emergency session early next week to discuss the draft general budget bill.” so we have the budget back on the table in an emergency session this coming week — not a surprise at all but very nice to see it as expected.

5-24-2014 Newshound Guru Adam Montana [What are your thoughts on the President signing of the executive order 130333? Does this hurt us or help us…it didn’t say how long the extension was for?] The renewal of EO13303 is to be expected pretty much every year until Iraq RVs. So, no surprise or change there. Read more…

Finance Minister: Iraq needs to issue bonds before talking about his inability to unify the budgets of 2014 and 2015

Finance Minister: Iraq needs to issue bonds to meet the Khoznip before talking about his inability to unify the budgets of 2014 and 2015

24/05/2014 11:55

Tomorrow’s Press / Baghdad: Minister of Finance Agency purity of net debt, on Saturday that Iraq needs to issue bonds Khoznip worth 23 billion Iraqi dinars to cover the deficit in the budget for the current year and said the net for “tomorrow’s Press”, “The bond issue requires a draft law be approved by the House of Representatives and this means that we should wait until the next Read more…

Iraqi Dinar Guru opinions 5-23-14

Iraqi Dinar Guru opinions 5-23-14

5-23-2014 Newshound Guru Adam Montana [with all the recent news & announcements it “seems ” there is not a whole lot left to complete in order to make a currency adjustment. In your opinion, what is left to do?] Wrap up the elections, finalize HCL, RV the currency. [The terms of the HCL implemented though not passed AKA the Kurds OIL is flowing thru SOMO and Turkey pipelines. What does that say about how close we really are?] I think it says we are REALLY close! Baghdad is watching potential money slip right through it’s fingers, and they need to get busy or lose out forever! Read more…