Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 4-24-14

Iraqi Dinar Guru opinions 4-24-14

4-24-2014 Newshound Guru Kaperoni The reprinted currency dinars are now out in Iraq. This is great news for us! Bad news for those wanting a RV. Great news for a gradual appreciation but more importantly it confirms two great things! no LOP and the dinar we hold will rise! you dont reprint existing notes for a RV…u reprint if you plan to have them in circulation for a period of time as the dinar rises. Ok, this is not my opinion, its right in print from the IMF. its great news, IMO. Read more…

Iraqi Dinar Guru opinions 4-23-14

Iraqi Dinar Guru opinions 4-23-14

4-23-2014 Newshound Guru Millionday Article: “Announced the Finance Committee in the Iraqi Council of Representatives, that the Council will resume its sessions in the sixth month of May next to approve the budget bill for fiscal 2014.” so as we see here they are going to meet about the budget on may 6th after elections for the budget… CBI is a separate entity so with the many announcements of them moving forward with economic reform with international investment they would be pressured into also activating their own projects Read more…

Planning: non-oil revenues will increase from seven to nine trillion dinars

Planning: non-oil revenues will increase from seven to nine trillion dinars

Date Published: 17:23, April 23, 2014

(Independent) … The Minister of Planning Ali Shukri said non-oil revenues will increase from seven trillion dinars in 2013 to nine trillion dinars in 2017, an increase estimated at 32%, according to statistics and research center in the ministry.

Shukri said in a press statement on Wednesday that “this percentage to Read more…

Iraqi Dinar Guru opinions 4-22-14

Iraqi Dinar Guru opinions 4-22-14

4-22-2014 Newshound Guru Millionday Article: “Central Bank of Iraq declared that it granted approval to the companies of money transfer to open accounts directly in the Bank.” …this is announced as a step to set the international rates permanently but let me explain what they mean…at the airport when you arrive on an international trip — you give the exchange place your usd and get whatever their currency is — that company needs to give you their currency and also make drops of their funds at night as a regular business — so… Read more…

Concerns behind the postponement of the project to delete the zeros from currency

Concerns behind the postponement of the project to delete the zeros from currency

04/22/2014

He attributed the members of the Committee on Economy and Investment House of Representatives to postpone the project to delete the zeros from the currency until another slogan to the concerns expressed by the Iraqi government of the possibility for Read more…

Expert: the amount of money frozen in Iraq 70 trillion dinars

Expert: the amount of money frozen in Iraq 70 trillion dinars

04/22/2014

Confirms financial expert and there are about 70 trillion Iraqi dinars as seed money frozen in banks and official institutions and civil government can invested within development projects. , in an interview with Radio Free Iraq, expert says the appearance of Mohammed Saleh, who served as deputy governor of the Iraqi Central Bank in the past that 30 trillion dinars of those funds Read more…

“Central” decides to enter the banking companies to currency auction without intermediaries

“Central” decides to enter the banking companies to currency auction without intermediaries

04.22.2014 (0:01 pm)

 Baghdad / term-Presse

Decided the Iraqi Central Bank to allow banking companies financial enter the currency auction “without broker”, and stressed that this action will contribute to the stability of the dinar exchange rate and expands the auction of foreign currency, as pointed out that those companies would be “a true partner” to support the economy.
, the bank said in a statement Read more…

Iraqi Dinar Guru opinions 4-21-14

Iraqi Dinar Guru opinions 4-21-14

4-21-2014 Newshound Guru Stryker Article Quotes: “This measure will expand special events auction of foreign currency will also contribute to the stability of the exchange rate permanently.” “The Board of Directors decided to approve the money transfer companies to open accounts directly with the Central Bank of Iraq and the Iraqi dinar to the dollar carry out procurement of foreign currency.” It sure looks like the CBI just may be looking to move away from the daily auctions and into more of an international way of doing business. By signing up these money transfer companies directly the CBI will have a way of selling off the petrodollars without the daily auctions. This should occur once they move to a one exchange rate system, which is the internationally standard. 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

21-04-2014 10:17 AM

Baghdad (news) .. The Board of Directors CBI minutes held on Sunday to approve the money transfer companies to open accounts directly with the CBI ‘Iraqi dinar and the dollar.’ statement said the bank has received the Agency (news): The management of the Iraqi Central Bank decided in its session held on Sunday, 20.04.2014 Approval by Read more…

Iraqi Dinar Guru opinions 4-20-14

Iraqi Dinar Guru opinions 4-20-14

4-20-2014 Newshound Guru Millionday [We have seen many pieces fall into place in the recent weeks and days…my question is what is lacking to complete the picture? what clues are we now looking for as we scan the intel coming in?] i would say that they are wrapping up the budget and the last steps we were announced about when CBI stated they were raising the value and setting the rates now and it is being done by steps per the private banks and cbi — they all will be done around the same time — not that it has to be after the budget or before — all around the same time for financial success…i go by the ink i see — and by what the ink states — we are waiting on these steps to get to the one that is the raise of the value and also the setting of international rates. Read more…

Expert: drop the price of gold will reflect negatively on the value of the Iraqi dinar

Expert: drop the price of gold will reflect negatively on the value of the Iraqi dinar

Sunday, April 20 / April 2014 16:19

BAGHDAD / Future News :/ shown consultant association of private banks expert economic peace Sumaisem, that the decline in the price of gold reflected negatively on the value of the Iraqi dinar against the U.S. dollar. Sumaisem said, “The decline in the price of gold boosted demand for the currencies of foreign, particularly the dollar, which will Read more…

Iraqi Dinar Guru opinions 4-19-14

Iraqi Dinar Guru opinions 4-19-14

4-19-2014 Newshound Guru Kaperoni Article: “Iraq is preparing for negotiations for joining the World Trade Organization in third round” Unlikely they will get accession until the laws are in place and the currency is convertible. These are basic requirements. Wishful thinking on Iraq’s part to think they could gain accession without these. Makes no sense…Parliament has to pass them laws and the GOI (Maliki) needs to stay out of the CBI for monetary reform to get done. We shall see. Read more…

Experts: Investment financial reserve stimulating the economy

Experts: Investment financial reserve stimulating the economy

4/19/2014 0:00

BAGHDAD – the joy of pumice
in order to stimulate growth in the country and private sector participation in the development process taking place in the country, experts called to support the project «revitalize the Iraqi economy» and activate the strategies adopted by the government in line with the current circumstances, especially that Iraq has financial reserves huge can be invested in achieve this. Read more…

Iraqi Dinar Guru opinions 4-18-14

Iraqi Dinar Guru opinions 4-18-14

4-18-2014 Intel Guru Winalot this is from a currency dealer in Yemen…they are always accurate: “Exchange Rates Today in Iraq against the Iraqi dinar from the Iraqi Central Bank: U.S. dollars Buy – 6.9806 Sale – 7.0143.” funny thing…there are several sites overseas that i check rates at…all have taken down their exchange rates, or removed the IQD. also…seems that there are 2 iraqi parliament sites! Read more…

Iraqi Dinar Guru opinions 4-17-14

Iraqi Dinar Guru opinions 4-17-14

4-17-2014 Intel/Newshound Guru Poppy3 DINAR RV CAN STILL HAPPEN AT ANYTIME. ALL THE FOLLOWING WILL HAPPEN AT THE SAME TIME, AT LEAST WITHIN A FEW HOURS OF ONE ANOTHER AS THEY ARE ALL TIED TOGETHER: FIRST – …THE THREE CONTRACTORS HAVE NOT BEEN PAID YET AND THAT LEAVES THE DOOR OPEN FOR THE RV TO STILL BE PENDING TO HAPPEN THIS WEEK. Read more…

Higher deposits of the banking system to 70 trillion dinars

Higher deposits of the banking system to 70 trillion dinars

17/04/2014 14:55

Baghdad – and babysit – The volume of deposits of private banks and government to 70 trillion dinars.
The executive director of the Association of private banks Abdul Aziz Hassoun: that the volume of deposits in government and private banks reached 70 trillion dinars, indicating that these deposits are divided by Read more…

Iraqi Dinar Guru opinions 4-16-14

Iraqi Dinar Guru opinions 4-16-14

4-16-2014 Newshound Guru Millionday Article Quote: “Baghdad – represents the economic stability of any country component of equal opportunities for the supply and demand for services in it, where he sees an economist that the presence of stability as well as to isolate external influences and minimize the national economy and revitalize the work of the productive sectors and solving economic problems internal push towards strengthening and enhancing the value of the dinar.” economic stability is the reality rate or value and what it does for the entire nation…the reserves they have gotten are to raise the value of the dinar and the international rates — and that is the whole reason — for the rv…after the rate is set the rate will also raise due to the global market. Read more…

Central: High gold reserves in Iraq, helping to stabilize the exchange rate of the Iraqi dinar

Central: High gold reserves in Iraq, helping to stabilize the exchange rate of the Iraqi dinar

April 16, 2014 10:17

Central Bank of Iraq high reserves of pure gold to 90 tonnes, after the purchase of 60 tons during the past two months, and through contracts with international companies Stamping gold in order to diversify the means of public savings and activate the gold market deal. The central bank said in a press statement that “this is one of the tools of monetary policy to stabilize the exchange rate of the Iraqi dinar. According to the Read more…

Iraqi Dinar Guru opinions 4-15-14

Iraqi Dinar Guru opinions 4-15-14

4-15-2014 Newshound Guru Tlar The CBI has made a strategic decision to re-print the 250, 500 and 1000 dinar notes before they actually delete the zeros giving them value. They…will have all the new features making it almost impossible to counterfeit including a raised portion of the bill that will allow the blind to feel the denomination of the bill. What the CBI fears is that when they delete the zeros using the 250, 500 and 1000 notes as the crossover notes to the new uncounterfeitable smalls, Iran will immediately start printing the old notes and they will flood the market with these counterfeits buying USD at a higher rate. Read more…

“Central” excludes the reserves reach 100 billion dollars to feed the expansion of foreign trade

“Central” excludes the reserves reach 100 billion dollars to feed the expansion of foreign trade

04.15.2014 (0:01 pm)

 Baghdad / Acer Jabbar revealed the central bank, announced the arrival of its reserves of hard currency to the equivalent of 90 trillion dinars, the end of the month of February, while expected to continue to increase the proportion “not great” not being able to reach the barrier percent billion, attributed to the expansion in the feeding of Foreign Trade of the private sector. Administration said the central bank in the gallery its written reply to questions from the (long-Presse), “The Total reserves CBI reached Read more…