Posts Tagged ‘Iraqi Dinar’

Gold and the Iraqi Dinar Revaluation

Gold and the Iraqi Dinar Revaluation

Posted, March 28th, 2014

By Joseph Cafariello
In a move that surprised economists the world over, the Central Bank of Iraq purchased 36 tons of gold valued at some $1.52 billion this month “to help stabilize the Iraqi dinar against foreign currencies,” the bank explained.
That represents a larger amount of gold than most nations purchased in all of 2013, moving Iraq into 15th place in annual purchases on just that one purchase alone.
But anyone following the recent history of Iraq’s dinar is left scratching Read more…

Iraqi Dinar Guru opinions 3-27-14

Iraqi Dinar Guru opinions 3-27-14

3-27-2014 Newshound Guru Adam Montana [How does Iraq keep buying high dollar goods without a money value other than a program rate…Seems to me that using the dinar and program rate suits them just fine as long as they can buy what they need…So what’s their incentive to RV?] The current rate is allowing them to maintain stability, and it is working – thanks to the CBI’s ability to maintain control. This same ability to maintain control is what gives me confidence that they will be successful in raising the rate when they choose to do so. Their incentives to RV are more than I can possibly put into writing at this time… Read more…

Looming parliamentary investigation with the Central Bank, vast difference in the exchange rate of the currency

Finance looming parliamentary investigation with the Central Bank of the vast difference in the exchange rate of the currency

3.27.2014 twelve thirty-nine

{Baghdad: Euphrates News} A member of the parliamentary Finance Committee Hassan al-Bayati, that the continuation of the vast difference in the currency exchange rate between the central bank and private banks or banking companies for more than a year is considered corrupt and makes bank officials under penalty of law, pointing out that there might be an investigation into the Read more…

Parliamentary economy bear the responsibility of the Central Bank of the fluctuation of the Iraqi dinar

Parliamentary economy bear the responsibility of the Central Bank of the fluctuation of the Iraqi dinar

3.27.2014 1:38 p.m.

{Baghdad: Euphrates News} carried committee of economy and investment parliamentary responsibility of the Central Bank of the fluctuation of the price of the Iraqi dinar against other currencies.
A member of the Economic Commission Amer winner told the News} {Euphrates on Thursday that the “wiggle political Central Bank weighed heavily on the currency in Iraq,” noting that “the bank is responsible exclusively on Read more…

The World Bank warned the Iraqi government from interfering in the work of the Central Bank

Araji: The World Bank warned the Iraqi government from interfering in the work of the Central Bank

Thursday, 27 March / March 2014 12:10

[Baghdad where]

The MP said the Liberal bloc Bahaa al-Araji said that “the World Bank warned the Iraqi government from interfering in the work of the Central Bank and called for government intervention to stop the work of the central bank.

Araji said in a statement received by all of Iraq [where] a copy of it today, “We had already warned of the deterioration of the economic situation and the country’s financial policies because of the failure to Read more…

Lack Of Gold Rally On Iraq Purchase News ‘Horrible’ Sign – Analysts

Lack Of Gold Rally On Iraq Purchase News ‘Horrible’ Sign – Analysts

3/26/2014

(Kitco News) – News reports that Iraq bought $1.56 billion of gold this month offered limited support to prices Tuesday, analysts said.

Bloomberg News first reported Iraq purchased 36 metric tons of gold in March, the largest purchase by a nation in three years. According to the story, the Central Bank of Iraq bought gold to support the Iraqi dinar against foreign currencies. The International Monetary Fund’s website said as of August, Read more…

Iraqi Dinar Guru opinions 3-26-14

Iraqi Dinar Guru opinions 3-26-14

3-26-2014 Newshound Guru American Contractor [Is the Iraqi Dinar a scam?] It is not illegal to own to possess the Iraqi dinar. It is not a scam. [How do I go about cashing in my Iraq dinar?] Right now the only way to cash in your dinar is to go to a dinar dealer. When the new new Iraqi dinar gets issued will the U.S. banks take a new business approach and say “we will take you Iraqi dinar now”, that’s all speculation, nobody knows right now. But, now your only option is to go to a dinar dealer or sell it to someone else. Read more…

Figures published details .. dinars budget dispute between Baghdad and Kurdistan

Figures published details .. dinars budget dispute between Baghdad and Kurdistan

03/26/2014

BAGHDAD / JD / .. was left of the differences between the central government in Baghdad and the Kurdistan region on the issue of the budget only export 400 000 barrels of oil per day, compared to secure a share of the 17%.
And conducted Baghdad beginning of the month that includes an amendment to the budget granting the province an extra $ 250 million, to ease the crisis, the oil companies dues, but in return demanded that Read more…

Iraqi Dinar Guru opinions 3-25-14

Iraqi Dinar Guru opinions 3-25-14

3-25-2014 Newshound Guru Kaperoni So you have the MPs on TV saying it cannot wait till after elections…you have the CBI buying gold…basically in one month, they doubled their gold holdings…you have the CBI consultation back on (after it was postponed)…you have banks holding 3 zero notes…There is no logical explanation to not issue larger currency at the current exchange rate unless their is some plan to raise the exchange rate against foreign currencies soon…and Yasiri [He an MP and on finance committee] said…there is a tendency to launch the Prime Minister ‘s initiative…he backs what the IMF states…gradual appreciation. The IMF documents on exiting closed monetary policy exchange regime, to flexible exchange regime (float) stocking gold is important part. Read more…

Net: the country has entered a fiscal year does not have the balance for the first time since 2003

Net: the country has entered a fiscal year does not have the balance for the first time since 2003

3/25/2014 0:00

Confirmed increase the budget of the province 4 trillion dinars
Basra – Saad Al-Sammak said the Minister of Finance Agency purity of net debt that the country has entered a fiscal year does not stock them for the first time in its history after the fall of the dictatorial regime, declaring increase the budget of the Kurdistan region 4 trillion dinars act of good faith by the central government to end differences. As minister warned of the Read more…

Iraqi Dinar Guru opinions 3-24-14

Iraqi Dinar Guru opinions 3-24-14

3-24-2014 Intel/Newshound Guru Poppy3 THE ELECTION IS COMMING FAST…AND…MALIKI MUST HAVE FAVOR WITH THE PEOPLE FOR POLITICAL REASONS PERIOD. HE HASN’T EVER CARED ABOUT THE PEOPLE AND NOW HE IS TALKING ABOUT THEIR NEEDS. HE WILL DO ALL IN HIS POWER TO GET THE RV DONE…YOU CAN BET ON THAT. HOWEVER WE MUST PAY ATTENTION TO THE OTHER SIDE OF THAT COIN…THE KURDS AND OTHER TRIBE LEADERS KNOW AS WELL AS WE DO THAT MALIKI HAS TO WIN THE ELECTION AND THEY KNOW IF THEY NOW REVERSE THEIR STANCE AND HOLD THE RV FROM HIM HE CAN’T WIN THE ELECTION AND THERFORE THEY GET RID OF HIM ONCE AND FOR ALL. Read more…

Central Bank buys 36 tons of high-purity gold bullion

Central Bank buys 36 tons of high-purity gold bullion

24-03-2014 01:12 PM

Baghdad (news) .. announced the Central Bank of Iraq, for, buy 36 tons of gold ingots of high purity. statement said the bank received the Agency (news) copy of it: that under Alasttratejah followed by the central bank in managing the reserves of the vessels, to achieve an element of safety and safety in order to use the tools of monetary policy to stabilize the exchange rate of the dinar Iraq against Read more…

Iraqi Dinar Guru opinions 3-23-14

Iraqi Dinar Guru opinions 3-23-14

3-23-2014 Newshound Guru Millionday [do you think they will Rv before the april 1 agreement or does it matter?] i think that all of the things we are seeing get done or announced as moving forward in a hurry tell us that the economic side of it (reform) is a must. i dont have a date but it seems they are hurrying to fulfill what they had said initially — 2014.

3-23-2014 Newshound/Intel Guru BGG Maliki just put (or will soon) put his guy in charge at the CBI. It appears he needs his hands on the financial levers of Iraq. Now ask yourself why?? Read more…

Detect corrupted files 11 billion Abdel Basset Turki outside a central bank

Detect corrupted files 11 billion Abdel Basset Turki outside a central bank

Posted, March 23, 2014

BAGHDAD – ((eighth day))

Mr. Prime Minister Nuri al-Maliki to withdraw the hand of the central bank governor Abdul Basit Turki and appoint a secretary-general of the Council on the Keywords in the alternative “against the backdrop of revelations about the corruption of large files.

A source close to the Turkish Agency ((eighth day)) to pull the hand came against the backdrop of files revealed financial corruption worth billions of dollars accompanied the Read more…

Iraqi Dinar Guru opinions 3-22-14

Iraqi Dinar Guru opinions 3-22-14

3-22-2014 Newshound Guru Kaperoni the last few weeks several MPs are talking to the CBI…putting pressure on to get it done…A group representing several political blocs said that monetary policy has to be addressed even before the elections at the end of next month. we shall see. [Elections April 30 correct?] yes.

3-22-2014 Newshound Guru Kaperoni there was a temp agreement with the kurds to pump 100k oil per day while they negotiate the export agreement. i am hopeful they will come to parliament and start passing laws. if they do, i can see some changes but they need to pass those economic laws. Read more…

Stuffing money in the mattress: why Iraqis refuse to use Iraqi banks

Stuffing money in the mattress: why Iraqis refuse to use Iraqi banks

Posted, 22 Mar 2014

Iraq’s banking system is notoriously unstable, competitive, unsecure and riven by political infighting. MPs say they’re trying to improve the banking system but in the meantime, locals are still keeping cash in a box under the bed.

Saleh Majid owns an electrical supplies shop in Baghdad’s busy Shorja market area. And every day after the close of business, he takes all the money he has made that day home with him; he won’t deposit it in any Iraqi bank.

This is because Read more…

Iraqi Dinar Guru opinions 3-21-14

Iraqi Dinar Guru opinions 3-21-14

3-21-2014 Intel/Newshound Guru Poppy3 I received a call telling me that Christine Legarde and Jack Lew, 2 top people in world finance are supposed to have a nationwide broadcast between now and the 1st of April. What would these 2 be announcing to the world on all networks?

3-21-2014 Intel Guru EXOGEN HOT OFF THE PRESS!!! Washington welcomes the announcement of Arbil, the export of oil and confirm the continuing role of mediator “neutral” for a settlement with Baghdad. RED CHAMPAGNE NOW BACK ON ICE!!! Read more…

Iraqi Dinar Guru opinions 3-20-14

Iraqi Dinar Guru opinions 3-20-14

3-20-2014 Intel Guru Delta SAY BYE BYE TO TURKI! [is that from Iraqia tv or your opinion?] YES…YOU WILL SEE IT IN ARTICLES IN 2HRS OR LESS. [this guy was appointed by Maliki …Is this a good move?] YES…IF MALIKI IS HAPPY THEN IT’S A GOOD THING. [how does this effect the RI/RV? Good/bad, postpone?] NO EFFECT. WE DO BELIEVE THAT THE DATE AND RATE ARE ALREADY SET! THIS MAN IS VERY SMART AND WAY BETTER THAN TURKI. Read more…

Iraqi Dinar Guru opinions 3-19-14

Iraqi Dinar Guru opinions 3-19-14

3-19-2014 Newshound/Intel Guru DD I heard some really positive news today! This is the best I’ve felt about the reinstatement of the Iraqi Dinar into the international community of global currencies in quite some time. The reinstatement of Iraq’s currency is imminent (1 day or 1 year…hearing by the end of April)… Iraq’s currency will be brought back in with the rest of the world and it will increase in value. It HAS to! Iraq is one of the wealthiest countries on the planet… Rates, Dates, Amounts, Hows, Whats, and Whys are known by NO ONE outside those who are involved. Those who call the shots don’t reveal their information because of who they are. Read more…

Expert: IMF select an option difficult for Iraq to overcome its budget deficit

Expert: IMF select an option difficult for Iraq to overcome its budget deficit

WEDNESDAY, 19 MARCH / MARCH 2014 13:05

Twilight News / counting banking expert and deputy governor of the Central Bank of the previous appearance of Mohammed Saleh, Wednesday, the option of the International Monetary Fund set in his last difficult to verify Iraq to overcome the problem of the fiscal deficit in the budget for 2014, which suffered exceeded 36 trillion dinars.

Saleh said “Twilight News”, the IMF said in his latest report that Iraq can overcome the problem of any financial or fiscal deficit, by maintaining the Read more…