Posts Tagged ‘Iraqi Dinar’

Iraqi dinar stable and the central bank that manages to improve and put it in front of other currencies

Finance Committee: Iraqi dinar stable and the central bank that manages to improve and put it in front of other currencies

7.4.2014 six twenty-three p.m.

{Baghdad} Euphrates News announced the parliamentary Finance Committee that the Iraqi dinar stable, stressing that the central bank that it manages to improve the situation of the Iraqi dinar against other currencies.
A member of the committee MP Hassan al-Bayati told {Euphrates News} that “the Iraqi dinar is not in its right and true, and the Central Bank of Iraq to take appropriate measures to improve and put it in front of the other currencies.”
said MP al-Bayati, “there is a difference in the exchange rate between the Read more…

Economist: Iraq has taken measures sufficient to protect his assets abroad

Economist: Iraq has taken measures sufficient to protect his assets abroad

04/07/2014 12:13

Baghdad – and babysit – the economic expert Majid picture, that Iraq has taken measures during the past two years is enough to protect Iraqi funds for the claim is legitimate in general.
And said the picture told (public opinion): “that the claims of the public and private sector have been fully resolved, and there are some claims simple, even sector U.S. private has been settled after payment of 400 million dinars, which is in the process of resolving Read more…

Iraqi Dinar Guru opinions 4-6-14

Iraqi Dinar Guru opinions 4-6-14

4-6-2014 Newshound Guru Millionday Article Quote: “Parliamentary Economic Committee low gold prices in the Iraqi market and the high value of the Iraqi dinar against the dollar and world currencies…” the purchase of the gold will lower the prices and also allow a higher rate of the value of the dinar…the gold is being used as a reserve to hard back the printed currency — it is a hard backed currency. for the currency to be respected internationally — it has to be an international currency at a reality rate of course — respected on the market and stable. CBI is working to create a stable dinar rate internationally – this is what we want and should be expecting with a hard backed currency. Read more…

Iraqi Dinar Guru opinions 4-5-14

Iraqi Dinar Guru opinions 4-5-14

4-5-2014 Newshound Guru Kaperoni [do you feel that once they are in compliance then they will move forward or do you think they will wait for their government to…be more unified in their monetary policy.] I try to refrain from giving opinions and rather use words or quotes from Iraq. So to answer your question I will use a quote… “that the Iraqi Dinar will be reevaluated and accepted among world currencies sooner than expected.” Read more…

Industrial Bank announces continuance granted loans amounting to citizens 15 million

Industrial Bank announces continuance granted loans amounting to citizens 15 million

Saturday, April 5 / April 2014 08:22

[Baghdad – where]

Industrial Bank announced the Ministry of Finance for the continuation of the granting of loans to citizens and adult [15] million dinars.

The general director of the Industrial Bank Mohamed Abdel Wahab said in a statement received by all of Iraq [where] a copy of it today that “the bank granted during the months of January and February last Read more…

Iraqi Dinar Guru opinions 4-4-14

Iraqi Dinar Guru opinions 4-4-14

4-4-2014 Intel Guru TD As I stated weeks ago that nothing (agendas/business) is really moving forward this close to the elections and that’s even more true now. I just wanted to weigh in briefly regarding the (now again) recycled rumor that Iraq has prohibited the use of the dollar and from conversations as recent as today, Friday, that simply is false. In fact most all merchants still ask FIRST for the dollar.

4-4-2014 Intel Guru EXOGEN Quotes: “All financial events are confirmed for next week inclusive of the Re-Valuation…the Global Currency Reset, and the Global Reset will occur on April 6, 2014. The news will be carried by CNN and other networks.” “The April 6th date continues to be the target date for the global public announcement, and the governments are preparing for this event.” Read more…

Kurdish lawmaker holds the government responsible for the legal errors in the budget and the delay in approval

Kurdish lawmaker holds the government responsible for the legal errors in the budget and the delay in approval

Friday, April 4 / April 2014 11:11

[Baghdad where]

He said the Kurdistan Alliance MP Hamid Buffy the delay caused by the budget “do not bear responsibility for the government’s mistakes and gross and legal points of disagreement and controversy, which included,” noting, that there is a blackout on the real reasons in this regard. ”

He said in a statement received by all of Iraq [where] a copy of it today that: “There is no doubt that the budget Read more…

Iraqi Dinar Guru opinions 4-3-14

Iraqi Dinar Guru opinions 4-3-14

4-3-2014 Newshound Guru Kaperoni Article: “Central raises for protection of Iraqi funds in U.S. banks” If they let 13303 expire…Iraq would have to make sure they pay their bills, settle disputes, etc. (btw, they are being trained on arbitration etc in May). Otherwise, this money that sits in US bank accounts could be subject to garnishment/judgements. It has always been my position that the US should protect it until Iraq was ready to stand up on their own internationally because these funds are Iraq’s assets which could be used to back its currency. CLDP training for Iraq…is clearly preparing Iraq for international business. I find it interesting the training is [May] 18-22 (the day 13303 expires). Having a legal framework for arbitration is important, especially for WTO accession. This group is educating Iraq for that process. Quietly, Iraq is getting reading to make a splash. Read more…

Iraqi Dinar Guru opinions 4-2-14

Iraqi Dinar Guru opinions 4-2-14

4-2-2014 Newshound Guru Adam Montana All I have to say right now is…LOOKIN GOOD! I want to see the budget passed and let’s get the HCL rammed through just in time for a party!

4-2-2014 Newshound Guru tlm724 Article: “The central bank is preparing to take over Iraq’s assets in America” So they will take full control of the DFI and thats a good thing…will allow the CBI to invest those funds as most of their debt’s are paid off! Read more…

Iraqi Dinar Guru opinions 4-1-14

Iraqi Dinar Guru opinions 4-1-14

4-1-2014 Newshound Guru Kaperoni Article: ” ‘Omnicom’ propaganda campaign to adopt electoral Maliki for $ 50 million” This is really interesting…and a possible conflict of interest. A US company is running Maliki’s re-election campaign. …it was announced today that campaigning starts officially tomorrow!

4-1-2014 Newshound Guru Millionday [The previous reports stated that the value will change before elections? Am I understanding that correctly?] yes, they have stated that they are working to move forward with many monetary policy changes before the elections. Read more…

In 2017 Iraq to enter in severe financial crisis

In 2017 Iraq to enter in severe financial crisis, says Chalabi

01 Apr 2014

A member of the Citizen bloc, MP Ahmad Chalabi asserted that Iraq will face a financial crisis in 2017.
In a press meeting, he said that he has notes on the budget, which includes the contrast between the introduction and the text of the budget law, as well as addresses the large deficits of up to 60 trillion dinars.
He added, “If things continue as they are now, the country will Read more…

Central Bank calls for not signing or writing on banknotes

Central Bank calls for not signing or writing on banknotes

04/01/2014

BAGHDAD / JD / .. called Central Bank of Iraq citizens to maintain the banknotes and not exposed to any damage, as revealed from the introduction of modern mechanization of the bank used for counting and sorting.
The bank said in a statement received / JD / copy of it: We call on the citizens to maintain the banknotes and lack of exposure to any damages or writings or seals or signatures or symbols that could disturb the general appearance of the paper being the (Iraqi dinar), one of the symbols of national sovereignty.
The bank statement from the introduction of modern mechanization of Read more…

Statistics: Central bank sales in dollar auction of more than 4.6 billion in the last month

Statistics: Central bank sales in dollar auction of more than 4.6 billion in the last month

Tuesday, April 1 / April 2014 12:28

[Baghdad – where]

R Tft dollar sales at the central bank auction during the month of March last, amounting, according to statistics compiled by all of Iraq [where] 4 billion and 607.335 million dollars, the highest sales figure in the auction during the 6 months since the sales recorded last September, selling 5 billion and 275 million and 645 thousand dollars.

According to central bank data daily, these huge sums sold Read more…

Iraqi Dinar Guru opinions 3-31-14

Iraqi Dinar Guru opinions 3-31-14

3-31-2014 Newshound Guru Millionday Report quote: “…Iraq is a member of the Free Trade Area of the Greater Arab known as “GAFTA”, which achieved commercial exchange low tariffs on goods produced in Arab countries.” this is a huge step that shows us we are very close to Iraq picking itself up and dusting off and moving forward as expected to a massive trade force in the region and the world — FREE ZONES SET — love the timing — looking good. Read more…

Because of the budget .. Iraq is losing (15) billion dollars and threatened to postpone elections

Because of the budget .. Iraq is losing (15) billion dollars and threatened to postpone elections

31/03/2014

BAGHDAD / JD / .. announced the parliamentary Economic Committee, for its estimates of the amount of the loss of Iraq (15) billion dollars during the month, the last three years because of the delay in approving the budget, as suggested Allantbat postpone the next parliamentary commission due to lack of credit amount (35) billion dinars.
A member of the Committee MP Hussein Mura’bi Agency / JD /: “The committee parliamentary estimated the size of the losses caused by the process of delay in approving the budget in 2014, an average of 5 billion Read more…

Iraq is planning to three loans, one of them an international bridge the budget deficit

Iraq is planning to three loans, one of them an international bridge the budget deficit

31/03/2014

BAGHDAD / JD / .. revealed the parliamentary Economic Committee for the Iraqi government to resort to three options to fill the shortfall in the general budget of the country in 2014, while confirming that the deficit ratio exceeded 20 percent.
The committee member said Qusay al-Abadi in an interview / JD /, that the object in the budget deficit in 2014 exceeds 20%, and this figure will necessitate approval on Iraq to resort to borrowing from the World Bank, or the use of internal borrowing, or dispose of the cash reserve.
Abadi noted, that the reserve increase by the Iraqi information reached us.
A few days ago, threatened the World Bank, to develop Iraq in the black list, if the Iraqi government continued to Read more…

Iraqi Dinar Guru opinions 3-30-14

Iraqi Dinar Guru opinions 3-30-14

3-30-2014 Newshound/Intel Guru Randy Koonce One of the things to go over is that fact that the IMF and UN have not been very forceful in making Iraq complete the things they agree upon…After such the IMF in the urgency to get this RV done was to give Maliki more concessions, which creates a spoiled kid effect which Maliki does not need more of. If anyone thinks the RV is not going to happen they need to sell out, I on the other hand will not sell even if it took 5 more years because the currency that you hold will one day go back to its value it has maintained for a long time in the 70s. Read more…

Finance parliamentary calls for restructuring the Office of Financial Supervision and the Central Bank

Finance parliamentary calls for restructuring the Office of Financial Supervision and the Central Bank

30/03/2014

BAGHDAD / JD / .. demanded the parliamentary Finance Committee, to issue regulations and legislation to restructure the Financial Inspection Office and the Central Bank to support fiscal and monetary policies in the country.
Said committee member Rep. Dler Abdelkader told / JD /: The Office of Financial Supervision and the central bank and the stock market is one of the large financial institutions in the country, must be Read more…

Iraqi Dinar Guru opinions 3-29-14

Iraqi Dinar Guru opinions 3-29-14

3-29-2014 Newshound Guru Millionday i want to… look at the agenda for parliament for sunday…so, we have a second reading on the budget — remember they have a deadline so the fact that a deadline was given shows us a rush — also if they dont get it voted by quorum they are to put it through by majority. Sunday budget is important — does this mean that the rate wont show? no it means that they are implying by the report from the economists that the value should change with it — we shall see. Read more…

Iraqi Dinar Guru opinions 3-28-14

Iraqi Dinar Guru opinions 3-28-14

3-28-2014 Newshound Guru Kaperoni Based on all the information (articles, IMF, etc) it is apparent they are going to “raise zeros” by a gradual appreciation (IMF Article IV consultation – which is a float) of the currency and then “delete zeros” which is the implementation of the Law if Indebitness. As for what they say on TV, they usually refer to it either as a “reevaluation” or “reevaluate of the dinar”. Last week we saw someone refer to it as…”the zeros deletion project” and “restructuring the currency.” IMO, all of which support that this is a process rather than a single event. Read more…