Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 5-6-14

Iraqi Dinar Guru opinions 5-6-14

5-6-2014 Intel Guru Jester [I still have not seen a RI in any news other than Dinarland, yet they are all so sure it happened. What’s up with that?] WELL I BELIEVE THAT IS EXACTLY WHERE THAT MYTHICAL CREATURE EXISTS…IF THERE WAS SOME REAL NEWS IT WOULD BE IN THE REAL NEWS… THAT WOULD BE WAY TOO BIG OF AN ANNOUNCEMENT FOR THE BIGGIES TO MISS. Read more…

Alnasiri: monetary policy, enhance the value of the dinar externally

Alnasiri: monetary policy, enhance the value of the dinar externally

6/5/2014 0:00

After touching up the 80 billion dollars and 90 tons of gold
Baghdad, Hussein al-Tamimi Tgb
is the monetary policy the most important episodes of economic stability through the stabilization of the exchange rate by more than the national economy, the strength and effectiveness to face all the challenges facing the development process (according to the specialist economic affairs).
said Samir Nasiri said the central bank several years ago succeeded in achieving a reserve large and growing foreign exchange reserves stood at Read more…

Iraqi Dinar Guru opinions 5-5-14

Iraqi Dinar Guru opinions 5-5-14

5-5-2014 Newshound Guru Shredd [Shredd how does a country grow the gdp last year to around 13% and still have a rate at 1166?] that is the nature of a managed float, it’s not reflective of what the rate can and should be…it’s all about timing to CBI. [does that mean they can…keep the rate at 1166 for a long time?] they have to mitigate counterfeiting, ensure banking laws are in place, launch the removal of the large notes, release the mid and (eventually) the smalls, they need to be fully compliant with the IMF…technically, sure but it’s quite obvious they have been building and planning otherwise…if the plan was to stay at 1166 for a while longer, the CBI would be releasing new 000 notes but tons of articles are saying the middle notes. Read more…

Iraqi Dinar Guru opinions 5-4-14

Iraqi Dinar Guru opinions 5-4-14

5-4-2014 Newshound Guru Millionday Article quote: “Qusay al-Suhail, Saturday, that the presidency of the parliament intends to make an appointment during the next two days for a meeting with the heads of political blocs in order to resume the discussion of the draft federal budget and passed.” this is to discuss the formed budget…we have multiple points coming out but — budget is going and agreement is made. tomorrow [Sunday] parliament is having an emergency meeting that is to put the budget through…they are meeting first thing in morn. Read more…

UAB: infrastructure for the banking sector in Iraq ready to receive international banks

UAB: infrastructure for the banking sector in Iraq ready to receive international banks

May 4, 2014 10:47

Revealed the association of private banks, the capital of private banks in Iraq reached 250 billion dinars for each bank, and as shown that the infrastructure of the banking sector ready to receive international banks, pointed to the existence of “the wishes of the real” of Lebanese banks to open branches in Iraq. Chief Association of Iraqi banks Adnan Chalabi, on the sidelines of the conference of the Iraqi banking – Read more…

Approval by the money transfer companies to open accounts directly with the central bank

Approval by the money transfer companies to open accounts directly with the central bank

05/04/2014 12:22

Baghdad – and babysit – The Board of Directors of the Iraqi Central Bank meeting minutes held on Sunday to approve the money transfer companies to open accounts directly with the CBI ‘Iraqi dinar and the dollar’.
According to a statement of the bank received news agency public opinion (and babysit) a copy of it, that “the management of the Central Bank of Iraq has decided in its session held on Read more…

Iraqi Dinar Guru opinions 5-3-14

Iraqi Dinar Guru opinions 5-3-14

5-3-2014 Intel Guru MarkZ The IMF, US, BRIC heck everyone is scrambling because Iraq forced the issue when they moved forward with the RI. [Do you think just the RI rate from Iraq about $3.22 will be released or a full RV/GCR with all the countries?] I think we will see a blending of it. I am THINKING RI for a few days…and then an RV to establish a proper long term value. My opinion only though… [If only an RI of the dinar- sure leaves a lot of VND holders in limbo?] They will go at the same time, no worries. IMO. Most of my other contacts have gone silent which is to be expected here at what appears to be the final hours. Read more…

Capital of private banks stood at 250 billion dinars for each Bank

Capital of private banks stood at 250 billion dinars for each Bank

05.03.2014 (0:01 pm)

BAGHDAD / Acer Jabbar

Revealed the association of private banks, the capital of private banks in Iraq reached 250 billion dinars for each bank, and as shown that the infrastructure of the banking sector ready to receive international banks, pointed to the existence of “the wishes of the real” of Read more…

Iraqi Dinar Guru opinions 5-2-14

Iraqi Dinar Guru opinions 5-2-14

5-2-2014 Newshound/Intel Guru BGG If the CBI opens up on Saturday and they have a currency auction with 1166 as a rate then you can be sure it did not RI last Saturday and there was no RI announcement. That will end this whole debate.

5-2-2014 Newshound Guru Chattels Early results show that the Kurds may win 58 seats in the Iraqi parliament, around the same number of seats (57) they won four years ago. Unless the five major Kurdish parties gather under one umbrella and form a strong bloc, they will easily fall victim to Nuri Maliki or any new prime minister who will happily exploit a Kurdish division. Read more…

Statistics: Central bank sales in dollar auction of more than $ 15 billion during the first third of the year

Statistics: Central bank sales in dollar auction of more than $ 15 billion during the first third of the year

Friday, 02 May / May 2014 11:17

[Baghdad – where]

Emerged from the statistics prepared by all of Iraq [where] that dollar sales at the central bank auction in the first third of the year 2014 [January, February, March, April] was $ 15 billion, 280 million and 493 000 dollars, up to about one billion dollars for four months, which Quads

The dollar sales in the last Read more…

Iraqi Dinar Guru opinions 5-1-14

Iraqi Dinar Guru opinions 5-1-14

5-1-2014 Newshound Guru chattels THERE IS NO CURRENCY AUCTION REPORT SINCE SATURDAY (as of 4:30 A.M. EST, 1 May 2014). Presumably the CBI is closed at least on the 1st, which is today, the day after the election. The government holiday begins tomorrow and through to next Sunday. It will be interesting to observe whether the currency auctions will continue during the government holiday over the next seven ( 7 ) days. NOW WHAT? The countdown to election day is over. Will Maliki be evicted ? The coming days will be telling. First, we await the tabulation of votes, challenges and appeals must run their course, and then we should have a certification of the results and know which cluster received a plurality of the vote. Let the political maneuvering begin. Fasten your seat belt. Read more…

Iraqi Dinar Guru opinions 4-30-14

Iraqi Dinar Guru opinions 4-30-14

4-30-2014 Intel Guru Jester International banking regulations state that bank notes will retain their face value. The three zeros on the notes cannot be ignored. The removal of the three zeros refers to the $.00086. Notes can be withdrawn from circulation but only after a certain time limit, usually around two years. WHAT CANNOT BE IGNORED IS THE IRAQI INTENTION TO REMOVE THE 3 ZEROS…IT IS IN PRINT… Read more…

Iraqi Dinar Guru opinions 4-29-14

Iraqi Dinar Guru opinions 4-29-14

4-29-2014 Intel/Newshound Guru American Contractor The Iraq federal budget of 2014 has not even passed in the Iraq parliament, they will meet in May 2014. It appears that they will try and approve the 2014 and 2015 budgets at the same time. Or possibly just skip the 2014 budget. This is not done by any other country but Iraq. They do as they wish, they’re not worried about protocol or policies. I always say watch what they do and forget about their policies. Read more…

Iraqi Dinar Guru opinions 4-28-14

Iraqi Dinar Guru opinions 4-28-14

4-28-2014 Newshound Guru Tlar [The CBI told us they need to print new 50, 250 and 1000…with the new technology…Asked how long the new printing of the 50.. 250 and 1000 should take…?] Approximately about one to one and a half months from the day the contract was let the new currency should be ready to pass out. So these new notes should begin replacing the existing notes and circulating no later than sometime in June IMO…That’s why I believe the first chance we will have to potentially see an RV is July1st, which also happens to coincide with the new accounting period. The CBI under both Shabibi and now Turki have stated their desire to not implement this project in the middle of an accounting period…I believe the way the timing on everything is lining up means that July 1st is the next most likely target. Read more…

Iraqi Dinar Guru opinions 4-27-14

Iraqi Dinar Guru opinions 4-27-14

4-27-2014 Newshound Guru Adam Montana [I have been wondering about this HCL…what is so magical about it that makes one think that it is any ways connected to the revalue in as much it has been said that even after it is passed there doesn’t necessarily have to be a rate change in the currency? After all is said and done, WHY would there have to be an RV at all?] Well, there doesn’t have to be an RV at all, as you stated. But all the talk about strengthening the value has to mean something! The HCL is “magical” because it paves the way for Iraq to burst out of it’s current situation. It ties in very strongly with the recent progress on transferring money in and out of Iraq, and the CBI opening up for additional account holders (aka brokers) to facilitate money transfers. …if you’re asking my opinion – all this recent news is extremely good for someone holding onto dinar with the hopes that the value will rise. Read more…

Iraqi banks see increase in financial deposits

Iraqi banks see increase in financial deposits

Posted, 27 Apr 2014

Financial deposits have increased at Iraqi government and private banks, which Iraqi experts and banking specialists say reflects growing public confidence in the country’s banking institutions.
The volume of cash deposits has grown this year to about 70 trillion Iraqi dinars ($60 billion), Private Banks Association executive director Abdul Aziz al-Hasoon told Mawtani.

Of this, 40 trillion ($34 billion) belongs to the public sector, held by national banks and financial institutions, and 30 trillion ($26 billion) is Read more…

Iraqi Dinar Guru opinions 4-26-14

Iraqi Dinar Guru opinions 4-26-14

4-26-2014 Newshound Guru Millionday the oil conference is tomorrow [Saturday] …it will be a huge announcement with lots of info…oil is very very much a part of the economy in Iraq. the announcement tomorrow is about the entire actual position of the oil agreement in Iraq — today and tomorrow [Saturday] they are having a huge banking conference. The conference will include bilateral meetings between the governor of the Iraqi Central Bank and the executive heads of the Lebanese banks operating in Iraq. 4 more Lebanese Banks applied for licenses to open branches in different Iraqi cities… they are not opening banks and putting these huge investments out for pennies. Read more…

Iraqi Dinar Guru opinions 4-25-14

Iraqi Dinar Guru opinions 4-25-14

4-25-2014 Newshound Guru Aggiedad77 Article: “Disable the official working hours on Tuesday, Wednesday and Thursday of next week” The General Secretariat of the COM has pronounced next Tuesday, Wednesday, and Thursday as holidays…so Iraqi’s can have the opportunity to vote and then celebrate the anniversary of the International Worker’s Day on May 1…from the election on April 30 will come the bloc or alliance of blocs that will nominate the new Prime Minister…..but what they say after this is most puzzling…subsequently “began” the political movements that will further form alliances to contest the election…oh dear me are already saying we are in for a repeat of 2010… Read more…

Expert warns of dollar smuggling after allowing for the transfer companies entering the central auction

Expert warns of dollar smuggling after allowing for the transfer companies entering the central auction

04/25/2014

BAGHDAD / Adil Kadhim

Warned the economic expert Majid picture of allowing money transfer companies participating auction without tightly controlled currency, warning banks offload of U.S. currency.

And said the picture that “money transfer companies in Iraq of 34 companies dealing with banks in specific ways for the dollar by switching Read more…

Expect an improvement in the financial resources of the non-oil

Expect an improvement in the financial resources of the non-oil

04/25/2014

The Ministry of Planning said that the financial revenues derived from non-oil sectors will see an increase by 32% by the year 2017 than it is now, as a seven trillion dinars since 2013 and it is hoped to rise to nine trillion dinars in 2017, but this increase will remain in the overall low against Read more…