Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 1-7-14

Iraqi Dinar Guru opinions 1-7-14

1-7-2014 Intel Guru TD The only CERTAINTY with Iraq is that there is no such thing. Information just received this morning indicates the the fighting with insurgents is more widespread & vicious than being reported by the media. The world is watching how the Maliki administration will handle (or not) this severe test. They are on their own. While you can argue effectively that “Stability” is also an oxymoron statement for motivation to proceed with many programs, this is a saga they must deal with before all else. Read more…

Iraqi Dinar/Dollar auction results 1-7-2014

Iraqi Dinar/Dollar auction results 1-7-2014

Currency Auctions Announcement No. (2569)

The latest daily currency auction was held in the Central Bank of Iraq on the 7-Jan-2014 results were as follows:

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Central Bank: the acceptance of a new Iraqi BIS deposits «win-win»

Central Bank: the acceptance of a new Iraqi BIS deposits «win-win»

Tuesday – January 7 (January 2014)

BAGHDAD – World

He CBI, the Bank for International Settlements declaration accepting deposits and additional “win-win situation” for the country, and called for investment in order to achieve comprehensive development in the government and private banks and adhere to international standards in preparation for a credit rating.

The Bank for International Settlements (BIS), based in the Read more…

“Obelisk” published the text of the Official Languages ​​Act

“Obelisk” published the text of the Official Languages ​​Act

01/07/2014 17:02

Kurdish and Arabic languages ​​Smtian in meetings and correspondence, currency and postage stamps

BAGHDAD / obelisk: publish obelisk text of the Official Languages ​​Act in Iraq voted by the House of Representatives on Tuesday, which was considered both Arabic and Kurdish are the official languages ​​and used in meetings of official documents and correspondence issued by the federal authorities and the authorities of the region and currency cash, passports and indicator panels traffic and indicator panels on ministries and state departments and Read more…

Iraqi Dinar Guru opinions 1-6-14

Iraqi Dinar Guru opinions 1-6-14

1-6-2014 Newshound/Intel Guru BGG Parliament lifted their session until Tuesday. They have an agreement on approval of 5 major pieces of legislation. 2014 will see significant changes in the investment laws. A lot of economic factors will change in 2014. I think the next couple of days and for sure the next 7 & 8 days are probably pivotal in this investment. I am very excited that January 15th is a legitimate window. I like the way things are unfolding. It hasn’t gone exactly as we would have liked, but things are moving right along. I think that the next few days could be very exciting for this investment. Read more…

Iraqi Dinar Guru opinions 1-5-13

Iraqi Dinar Guru opinions 1-5-13

1-5-2014 Newshound Guru Stryker Article: “Banks in Iraqi Kurdistan out of Cash” Quote: “It’s a liquidity problem that recurs every year around the time.” It recurs every year around this time because currency reform has been scheduled to take place at the beginning of each year for the past two years now. Facts have pointed to this each year. We are in another CBI READY cycle, IMO. Read more…

Iraqi Dinar Guru opinions 1-4-14

Iraqi Dinar Guru opinions 1-4-14

1-4-2014 Intel/Newshound Guru Poppy3 they have no 3 zero dinar left in banks. All are not out but many are. Many contractors are not able to pay workers and people on the streets are trying to turn to street dealers and it appears they are out also. CASH flow from from tariffs and bond sales can’t generate cash flow without a rate. THEY WILL HAVE TO COME UP WITH SOME CASH FLOW VERY QUICK OR THE ECONOMIC GROWTH AND THEIR FRAGILE ECONOMY WILL SUFFER RAPIDLY. Read more…

Banks in Iraqi Kurdistan out of cash

Banks in Iraqi Kurdistan out of cash

04 Jan 2014

Locals in Iraqi Kurdistan have found that they are unable to withdraw cash from their accounts. This is a prominent problem though for the locals that happens every year at this point of time. The liquidity of money has been sole responsible for this. On the other hand, some of the financial analysts suspect that a plot and locals have started keeping their cash under the bed.
Nawzat Qader is standing helplessly in front of a bank in Read more…

The high proportion of counterfeit currency deposited with the Central Bank

The high proportion of counterfeit currency deposited with the Central Bank

04/01/2014

BAGHDAD / JD / .. Revealed the Finance Committee for the high proportion of counterfeit currency deposited with the central bank, while confirming that the number of banknotes that have been exposed exceeded the 2000 paper out of the 88 million paper.
A member of the Finance Committee MP Magda al-Tamimi told / JD /: the number of leaves counterfeit, according to the report of the Central Bank, amounted to 2301 banknotes out of 88 million Read more…

Iraqi Dinar Guru opinions 1-3-14

Iraqi Dinar Guru opinions 1-3-14

1-3-2014 Newshound/Intel Guru Eagle1 A friend at the WTO on the US Trade Delegation said that Iraq was inducted into the WTO on Sunday but nothing will be released “publicly” until the currency reset goes live “shortly”. Sources all agree that from what the CBI, BIS, WTO, IMF, GOI are saying it is very possible to see the new rate on Saturday/Sunday. Read more…

Iraqi Dinar Guru opinions 1-2-14

Iraqi Dinar Guru opinions 1-2-14

1-2-2014 Intel/Newshound Guru Poppy3 FOR ME THIS DAY [JAN. 1] SHOULD BE A DAY THAT THE UNITED NATIONS SHOULD BE PLACING IRAQ BACK UNDER CHAPTER 7 SANCTION ACCORDING TO MANY STATEMENTS MADE BACK LAST JUNE WHEN THEY RELEASED THEM FROM CHAP. 7. AT THAT TIME THEY REPORTED DEADLINES FOR SEVERAL DIFFERENT PROGRAMS THAT WERE TO BE MET WITH A DEADLINE FOR COMPLETION BEING TODAY JAN 1. Read more…

Iraqi Dinar Guru opinions 1-1-14

Iraqi Dinar Guru opinions 1-1-14

1-1-2014 Intel Guru Frank26 The most impressive thing for me with I Team is when I asked them their opinion about January 2nd…they replied the same way they did two weeks ago…we are still not privy to discuss that right now Sir. I asked I Team to please let me know the moment they hear anything about an RV. They said no Sir…RI. Hmmm. What did the MoP and MoF say in 2007 about a rate of $1.17? Not gonna do it. What did they say about $3.2108? Not gonna do it. They said to add 20% to it which would take it to $3.86. Not gonna do it…IMO. Read more…

Net: send 2014 budget to parliament during the next two weeks

Net: send 2014 budget to parliament during the next two weeks

1/1/2014 0:00

Baghdad morning
revealed the Ministry of Finance said that the draft budget for 2014 will be sent to the House of Representatives during the next two weeks.
said Finance Minister acting purity of net debt, for “Center Brief for the Iraqi Media Network,” “The Ministry of Finance has completed technical recommendations will be Read more…

Iraqi Dinar Guru opinions 12-31-13

Iraqi Dinar Guru opinions 12-31-13

12-31-2013 Intel/Newshound Guru Poppy3 WOW…I GOT PERMISSION TO SHARE SOME INFORMATION WITH YOU…—I heard some SOURCE INFORMATION that said the BIS said last week that they’ll use the IQD in their 2014 budget and they are CALLING the IQD an asset. Historically, at an 1166 rate the IQD is not an asset, but a liability. They commented that the BIS wouldn’t have made this comment if the RV were not imminent. I have not seen the BIS article statements or comments but I trust the people who have informed me. Read more…

Iraqi Dinar/Dollar auction results 12-31-2013

Iraqi Dinar/Dollar auction results 12-31-2013

Currency Auctions Announcement No. (2566)

The latest daily currency auction was held in the Central Bank of Iraq on the 31-Dec-2013 results were as follows:

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Auction Central Bank monetary policy threatens to collapse

Auction Central Bank monetary policy threatens to collapse

12/31/2013

Baghdad / Orr News

Warned parliamentary sources familiar with the collapse of the Iraqi monetary policy in light of the continued dollar selling in the auction of the Central Bank, and revealed a blueprint for the continuation of the process of money laundering agreement with American officials through non-recognition of the Iraqi dinar in international transactions.

The sources said that “the financial policy of Iraq at a critical juncture in the light of the growing phenomenon of selling the dollar at the central bank auction to sell the currency,” indicating that “the government is not aware of Read more…

Iraq drafted complicated budget for 2014, keeping Kurdistan under pressure

Iraq drafted complicated budget for 2014, keeping Kurdistan under pressure

31 Dec 2013

The draft of Iraqi budget for the next year, which has not been sent to the parliament yet for ratification, contains a lot of clauses as well as conditions which may lead to disastrous consequences for the autonomous Iraq region, Kurdistan. This has been warned by the experts and economic advisors. For instance, it contains many conditions that the Kurdistan Regional Government (KRG) must fulfill, and stipulates cuts to the 17 percent of Erbil’s share of the Read more…

Experts: Delete the zeros project needs to be catalysts for success

Experts: Delete the zeros project needs to be catalysts for success

31/12/2013 0:00

BAGHDAD – Farah pumice – Mustafa al-Hashemi
agreed the views of experts and specialists on the importance of the project to delete the zeros from the currency, despite the objections put up by some of the impact on the market at the moment.
described competent Jihad al-Khalidi delete the zeros step reform, but it will not come to fruition positive is partial unless accompanied by reforms radical other.
also stressed the importance of making changes in the banking system in order Read more…

Iraqi Dinar Guru guesses 12-30-13

Iraqi Dinar Guru guesses 12-30-13

12-30-2013 Intel/Newshound Guru Poppy3 THEY CAN SELL BONDS ALL DAY BUT WITHOUT A RATE THEY ARE WORTHLESS. AT PRESENT THEY HAVE BEEN EXCHANGED FOR FUTURES ON OIL. THE BONDS SALES WILL NOT PRODUCE ANY CASH FLOW WITHOUT A NEW RATE ON THE DINAR. I HAVE HEARD UNCONFIRMED NEWS THAT THE BONDS WHERE TO BE RATED AT $2.66 SO THAT THEY WOULD SELL OUT FAST AND RAISE HUGE CAPITAL FOR IRAQ ECONOMY AND ONCE THE MAJORITY OF THEM WERE SOLD THEN THE EXCHANGE RATE WOULD RISE VERY QUICK TO THE NOMINAL RATE. TIME WILL TELL. Read more…

Iraqi Dinar/Dollar auction 12-30-2013

Iraqi Dinar/Dollar auction 12-30-2013

Currency Auctions Announcement No. (2565)

The latest daily currency auction was held in the Central Bank of Iraq on the 30-Dec-2013 results were as follows:

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