Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar/Dollar auction results 2-13-2014

Iraqi Dinar/Dollar auction results 2-13-2014

Currency auction results Announcement No. (2600)

Was the opening of bids for the Commission on the sale and purchase of the dollar after two thousand six hundred daily to buy and sell foreign currency at the Central Bank of Iraq for the day on Thursday 13/02/2014 The results were as follows: Read more…

Iraqi Dinar Guru opinions 2-12-14

Iraqi Dinar Guru opinions 2-12-14

2-12-2014 Intel Guru BWM I’ll post some numbers from the IMF’s site so you can really understand the implications of the U.S. being in charge…Looking at the IMF voting rights again today… there have been updates in the numbers: Of note, USA 16.75% Germany 5.81% (% increased) France 4.29% (% increased) interesting enough ALL the BRICS numbers went down; Brazil 1.72% Russia 2.39% India 2.34% China 3.81%. Again, no question as to who controls the IMF… the BRICS total voting bloc is only 11.03%. Remember those numbers reflect the power of a country’s currency in the global mix. Read more…

Iraqi Dinar/Dollar auction results 2-12-2014

Iraqi Dinar/Dollar auction results 2-12-2014

Currency auction results Announcement No. (2599)

Was the opening of bids for the Commission on the sale and purchase dollar daily five hundred and ninety-nine and two thousand to buy and sell foreign currency at the Central Bank of Iraq on Wenesday 02.12.2014 and the results were as follows: Read more…

Economist: Central Bank intervention in the market to keep the exchange rate of the dinar

Economist: Central Bank intervention in the market to keep the exchange rate of the dinar

Published on Wednesday, February 12, 2014 15:49

BAGHDAD – Awan
Deputy former central bank governor, on Wednesday, said the central bank intervention in the market to maintain the stability of the Iraqi dinar and maintain purchasing power.
He said the appearance of Mohammed Saleh told the “time”, that “the Iraqi dinar is protected range is strong, and the cover of foreign currency is very high unless they are used for the purposes of reserves dedicated to the support of the Iraqi dinar.”
“The currency’s rise and descent depends on the actions of monetary policy, and there is nothing looming on the depreciation of the dinar against Read more…

Mayahi accuse the central bank to take measures intended to demolish the domestic economy

Mayahi accuse the central bank to take measures intended to demolish the domestic economy

12-02-2014 08:22 AM

Baghdad (news) .. Accused member of the Committee on Economy and Investment parliamentary MP Aziz Shareef al-Mayahi, the central bank to take measures intended to demolish the domestic economy, warning of calling its governor Abdel Basset Turki of the Parliament in the event of the continuation of that policy suspicious. said Mayahi in a statement received Agency (news) copy of it: we ‘We warned earlier of the danger of central bank’s decision Read more…

Iraqi Dinar Guru opinions 2-11-14

Iraqi Dinar Guru opinions 2-11-14

2-11-2014 Newshound Guru Kaperoni Article quote: “Central Bank announces directly funded Iraqi banks open accounts in the bank 10/2/2014 Announced the central bank directly for a large number of Iraqi banks, public and private funding of open accounts in the bank. According to a statement by the Central Bank that a large number of Iraqi banks started financing open accounts in the bank for the purposes of the foreign currency auction returned directly funded banks accounts quick response to new instructions approved by the Bank CBI recently.” this is exciting stuff…the CBI wrote some new rules last year for the daily currency auctions. the actual new rules were posted back in Sept on CBI. they tell the banks they are changing the currency auction format and going to a new Open Market operations where the CBI is no longer the provider of foreign currency unless absolutely neccessary. Read more…

Iraqi Dinar/Dollar auction results 2-11-2014

Iraqi Dinar/Dollar auction results 2-11-2014

Currency auction results Announcement No. (2598)

Was the opening of bids for the Commission on the sale and purchase dollar daily five hundred and ninety-eight and two thousand to buy and sell foreign currency at the Central Bank of Iraq on Tuesday for a brief summary 11.02.2014 and the results were as follows: Read more…

Postpone the deletion of zeros from the currency to avoid a scheme to replace counterfeit currency

Parliamentary economy: postpone the deletion of zeros from the currency to avoid a scheme to replace counterfeit currency

11/2/2014 2:08 p.m.

{Baghdad: Euphrates News} A member of the Committee on the economy and investment representative, Amer winner, said the project to delete the zeros from the national currency still exists, but it is in order for commercial reasons, in addition to the receipt of intelligence information for the creation of counterfeit currency for the purpose of replacing the new currency.

He said the winner told the News} {Euphrates on Tuesday that Read more…

Central Bank: the size of the financing banks for currency auction was a half trillion Iraqi dinars

Central Bank: the size of the financing banks for currency auction was a half trillion Iraqi dinars

11-02-2014 12:57 PM

Baghdad (news) .. Central Bank of Iraq about the size of the financing banks for currency auction amounted to half a trillion Iraqi dinars. According to a statement of the bank received the Agency (news) copy of it: that the volume of financing done by Iraqi banks for the Read more…

Iraqi Dinar Guru opinions 2-10-14

Iraqi Dinar Guru opinions 2-10-14

2-10-2014 Newshound Guru Kaperoni In the case of Iraq, the Capital Account [a Capital Account is cash flowing into Iraq for investment] will be made up of State banks, private banks, and international banks and maybe some brokers… This is important because over the last several months we are watching Iraq prepare for that investment to come in and fund the market economy… we also have said that these investors will not come into Iraq until they go to Article VIII or make the dinar convertible so these investors can get their profits out. Read more…

Iraqi Dinar/Dollar auction results 2-10-2014

Iraqi Dinar/Dollar auction results 2-10-2014

Currency auction results Announcement No. (2597)

Was the opening of bids for the Commission on the sale and purchase dollar daily five hundred and ninety-seven and two thousand to buy and sell foreign currency at the Central Bank of Iraq on Monday for the day on 02.10.2014 and the results were as follows: Read more…

Iraqi Dinar Guru opinions 2-9-14

Iraqi Dinar Guru opinions 2-9-14

2-9-2014 Newshound Guru Kaperoni Article: “Lacey criticized the Central Bank’s decision to exclude banks from the auction currency only on condition that put their money in the Bank” I’m just speculating a bit but what I see here is the CBI is allowing banks on their own to buy up currency (dinars?) but as a condition they must keep it in the banks and not let it back out into circulation. This would seem to imply the CBI may be collecting dinar or trying to minimize the amount on the street. This guy appears to be saying, the banks just can’t pile it up and send it back to the CBI, we need it in the economy. It may be a sign of something to come. Read more…

Iraqi Dinar/Dollar auction results 2-9-2014

Iraqi Dinar/Dollar auction results 2-9-2014

Currency auction results Announcement No. (2596)

Was the opening of bids for the Commission on the sale and purchase dollar daily five hundred and ninety-six and two thousand to buy and sell foreign currency at the Central Bank of Iraq on Sunday, the day on 09.02.2014 and the results were as follows: Read more…

Economist: 9 trillion dinars monthly losses of Iraq due to the delayed budget

Economist: 9 trillion dinars monthly losses of Iraq due to the delayed budget

Sunday, February 9, 2014 13:42

BAGHDAD / Baghdadi News / .. As much as an economist Iraq monthly loss due to delay in approving the federal budget by about nine trillion dinars.
The chancellor said the Iraqi Economic Institute, Dr. Ahmed al-Husseini’s / Baghdadi News / “The value of the daily loss incurred by Iraq because of the continued delay in approving the budget is a huge burden on the Iraqi economy.”
He added that “the biggest losses Read more…

Iraqi Dinar Guru opinions 2-8-14

Iraqi Dinar Guru opinions 2-8-14

2-8-2014 Newshound Guru Doc [What about all the talk of thousands of people cashing out?] It is simply that – talk…as a group we hold hundreds of millions of dinar and are in touch with every major bank and brokerage firm. If these cash outs were happening we would have been contacted. Also inside sources in these institutions say the same thing that the published reports of cash outs are simply sales gimmicks. Read more…

Iraqi Dinar/Dollar auction results 2-8-2014

Iraqi Dinar/Dollar auction results 2-8-2014

Currency auction results Announcement No. (2595)

Was the opening of bids for the Commission on the sale and purchase dollar daily five hundred and ninety-five after two thousand to buy and sell foreign currency at the Central Bank of Iraq for the day on Saturday 02/08/2014 and the results were as follows: Read more…

Iraqi Dinar Guru opinions 2-7-14

Iraqi Dinar Guru opinions 2-7-14

2-7-2014 Newshound Guru Doc [Has does the GCR impact the dinar?] First, the GCR is high speculative at this point and we believe if and when that ever happens it is years away. We have seen public reports in the US arguing it needs to happen but until all countries involved agreed to a asset backed system we simply don’t see it happening any time soon. Iraq, we believe, is independent of this event. Iraq has immediate needs it needs to address and when everything is addressed the CBI will pull the trigger and not before than. We report, you decide Read more…

Iraqi Dinar Guru opinions 2-6-14

Iraqi Dinar Guru opinions 2-6-14

2-6-2014 Newshound Guru Tlar The CBI announced that the new dinar and the old dinar will both be circulating in Iraq for two years after the change. The CBI told us numerous times what will change is the nominal value which is defined as the exchange rate. The FC [Finance Committee] told us that they will delete the LEADING zeros. LEADING zeros are not found on the currency, they are only found on the exchange rate. The FC in three articles told us they wrote the 2014, and estimated the 2015 and 2016 budgets based on 1.16 dinars equal one US Dollar. Doing the math that’s 86 cents per each dinar or deleting the zeros. If this is truth then they can’t open the 2014 budget without changing the value of a dinar to 86 cents. Read more…

Iraqi Dinar/Dollar auction results 2-6-2014

Iraqi Dinar/Dollar auction results 2-6-2014

Currency auction results Announcement No. (2594)

Was the opening of bids for the Commission on the sale and purchase dollar daily and four hundred and ninety two thousand to buy and sell foreign currency at the Central Bank of Iraq for the day on Thursday 06/02/2014 The results were as follows: Read more…

Iraqi Dinar Guru opinions 2-5-14

Iraqi Dinar Guru opinions 2-5-14

2-5-2014 Newshound/Intel Guru BGG Article: “Congressman Bennie Thompson: Don’t buy Iraqi currency” Quote: “U.S. Rep. Bennie Thompson is warning Mississippians against the purchase or exchange of Iraqi dinars:” Why would he warn anyone against “exchanging Iraqi Dinars”? The truth is, he has received numerous complaints in his office, but they are all “claiming” he and the bankers have “cashed out”…and “claiming” – THIS IS UNFAIR!! IMHO – There are NO complaints to his office “claiming” inability to “exchange” – there are numerous places to exchange DINARS. They are complaining about their investment having not “paid off” soon enough. Read more…