Posts Tagged ‘Iraqi Dinar’

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Posted 11-14-2013,  no date was given for when this was written.

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million Iraqi dinars.

Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.

Estimate the shadow price of foreign currency: Read more…

Iraqi Dinar Guru opinions 11-13-13

Iraqi Dinar Guru opinions 11-13-13

11-13-2013 Newshound Guru Millionday this fantastic conference…is about the activation of the economic reform…it is going on now. the cbi gov addressed them today and now we have all business and trade bank there as well. iraq is selling bonds for the first time since 2003. bonds are used for asset prices and the economy support so the fact that iraq is selling them now as they reform shows that they are using them to support assets and help the economy through control…and also help with all other economic rates too. also, in the next…2 days…they are activating the social security and all other benefits with cash and be funding the citizens…and also the 19 through the 21st is the huge kuwait meeting with iraq to activate all trade and projects i would say this is coming with the entry to the world economically. Read more…

Iraqi Dinar/Dollar auction 11-13-13

Iraqi Dinar/Dollar auction 11-13-13

Currency Auctions Announcement No. (2529)

The latest daily currency auction was held in the Central Bank of Iraq on the 13-Nov-2013.The results were as follows: Read more…

Central Bank plans to issue bonds in local currency for the first time since 2003

Central Bank plans to issue bonds in local currency for the first time since 2003

13/11/2013 20:59

The central bank governor said that the first tranche of bonds is expected to be worth three billion Iraqi dinars

BAGHDAD / obelisk: Abdul Basit Turki Iraqi Central Bank Governor on Tuesday that Iraq plans to issue bonds in local currency for the first time since the overthrow of Saddam Hussein, which would allow the country’s new tool of monetary policy.
said Turki on the sidelines of a conference in Geneva that the first Read more…

Iraqi Dinar Guru opinions 11-12-13

Iraqi Dinar Guru opinions 11-12-13

11-12-2013 Newshound Guru Kaperoni Article: “Finance is seeking to adopt the electronic system in banks” This is a great article because it clearly tells us their are two systems being implemented. 1. is the local “project chunk” that is connecting all banks and using cash machines/debit cards transactions. and 2. is the CBI project of credit cards and phone banking globally. IMO, …I do not think either of these systems will go online until after the currency change. Do it before would be a financial nightmare. So we should continue to remain positive that the dinar will change very soon. Read more…

Iraqi Dinar/Dollar auction 11-12-13

Iraqi Dinar/Dollar auction 11-12-13

Currency Auctions Announcement No. (2528)

The latest daily currency auction was held in the Central Bank of Iraq on the12-Nov-2013. The results were as follows:

. Read more…

Iraqi Dinar/Dollar auction 11-11-13

Iraqi Dinar/Dollar auction 11-11-13

Currency Auctions Announcement No. (2527)

The latest daily currency auction was held in the Central Bank of Iraq on the 11-Nov-2013 the port 12-Nov-2013. The results were as follows:

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Deputy for the law calls for the government to send the budget to embarrass parliament in approval

Deputy for the law calls for the government to send the budget to embarrass parliament in approval

Tuesday, November 12 2 / November 2013 16:36

[Baghdad – where]

He called for a coalition of state law, Abboud al-Issawi Council of Ministers to send a bill to the budget in 2014 to the House of Representatives in order to speed up the pre-holiday deducted Legislative Council.

The House of Representatives has canceled a legislative recess to approve the budget, but the cabinet has yet to send him the draft budget, which is estimated at 174.6 trillion Iraqi dinars, up Read more…

Iraqi Dinar Guru opinions 11-11-2013

Iraqi Dinar Guru opinions 11-11-2013

11-10-2013 Newshound/Intel Guru Randy Koonce Things seem to be moving at a faster pace for the RV…. So for the next 4 days look for this to happen, there can still be things to get in the way because it is political but it is looking very good for this to happen… The Rate is still in flux right now and no one will know the true rate until it shows but it should be a 2 plus rate…. That also means that the budget cannot open until you get a 3.40 rate so do not look for the budget to open at the same time which means the rate will increase next year. Read more…

Close to Maliki questioned the document, which revealed “trillions”

Close to Maliki questioned the document, which revealed “trillions” the Council of Ministers and deputies promise secrecy the presidencies expenses “scandal”

11.11.2013 17:15

Range Press / Baghdad
Counting a leading role in a coalition of state law, led by Prime Minister Nuri al-Maliki, on Sunday, that the document published in the social networking sites (FB) on the expenses of the Council of Ministers, within the framework of the “lies and falsification and exaggeration,” likely to include those amounts salaries range of those associated with the Office of the Prime Minister, and when he saw a member of the Committee on Parliamentary Integrity, to conceal the expenses of those presidential involves a “fear of Read more…

Iraqi Dinar Guru opinions 11-10-2013

Iraqi Dinar Guru opinions 11-10-2013

11-10-2013 Newshound Guru Tlar …to build a country takes time. Those that expected this too quickly happen are always disappointed. Those that made a conscious decision, understanding this would take time, made a wise investment decision. Iraq will not be allowed to go too far off track because the world needs its enormous energy resources for future generations.

11-10-2013 Newshound Guru Tlar This country has no where else to go but up, to keep finding and producing more oil, building n free economy in edition to its resources, and becoming more democratic along the way. They will need a currency to get there. So its a safe bet that this investment will pay off sooner or later, but patience is key. The surprise is coming. Read more…

Iraqi Dinar/Dollar auction 11-10-2013

Iraqi Dinar/Dollar auction 11-10-2013

Currency Auctions Announcement No. (2526)

The latest daily currency auction was held in the Central Bank of Iraq on the 10-Nov-2013. The results were as follows:

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Iraqi Dinar Guru opinions 11-9-2013 (Updated)

Iraqi Dinar Guru opinions 11-9-2013 (updated 1:45 pm PST)

11-9-2013 Newshound/Intel Guru BGG I will generally confirm having heard something similar to RK’s [Randy Koonce] info…a couple of sources relayed to me the IMF has appearently backed off a little bit. However, they anticipated something to be done before Thanksgiving. This is Iraq – anything is possible. Personally – I like where we are.

11-9-2011 Intel Guru TD As far as the article from a website claiming it has RV’d , I have been told now twice by my contact that it has NOT. Read more…

Iraqi Dinar/Dollar auction 11-9-2013

Iraqi Dinar/Dollar auction 11-9-2013

Currency Auctions Announcement No. (2525)

The latest daily currency auction was held in the Central Bank of Iraq on the 9-Nov-2013. The results were as follows:

. Read more…

Iraqi Dinar Guru opinions 11-8-2013

Iraqi Dinar Guru opinions 11-8-2013

11-8-2013 Newshound Guru Adam Montana [I have 4 friends, including myself, that are a bit confused about the impact of dropping the 3 zeros. Some feel that is a good thing for us while others contend it hurts us. What say you ‘ol wise one?] Depends…dropping the 0’s from the front of the exchange rate would increase the value to approximately .86:1, which would be fantastic…but it’s not likely. Dropping the 0’s from the currency is considered a “lop”, and is a neutral event – it doesn’t help or hurt us. Read more…

Iraqi Dinar Guru opinions 11-7-2013

Iraqi Dinar Guru opinions 11-7-2013

11-7-2013 Newshound Guru Stryker we are waiting to see if the 2014 Fiscal Budget makes its way from the CoM where Maliki has been holding meetings to see how it can be moved forward to parliament. If the budget doesn’t not make it there by the 14th parliament will go on its one month break. Not good if we expect to see reform by January 2014. Let’s hope that on Tuesday the 12th (next meeting) parliament’s agenda includes some of the important laws…Iraq must have all their ducks in a row before currency reform can take place. This is just my opinion according to the facts! Read more…

Iraqi Dinar/Dollar auction 11-7-2013

Iraqi Dinar/Dollar auction 11-7-2013

Currency Auctions Announcement No. (2523)

The latest daily currency auction was held in the Central Bank of Iraq on the 7-Nov-2013. The results were as follows:

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Source: Bank Director fraternity held their two years spent $ 9 million without support

Source: Bank Director fraternity held their two years spent $ 9 million without support

Thursday, November 7, 2013 16:44

Baghdad / Baghdadi news / .. A judicial source said on Thursday that the director of the Bank of brotherhood of the Rafidain Bank locked up for two years due to disbursement of $ 9 million without legal support.
The source told / Baghdadi news / that “a criminal court in Baghdad ruled the detention of the accused (faith ..) Director of the Bank of the new brotherhood in Baghdad for two years, to be paid $ 9 million Iraqi dinars without legal basis.” He emphasized that Read more…

Iraqi Dinar Guru opinions 11-6-2013

Iraqi Dinar Guru opinions 11-6-2013

11-6-2013 Newshound Guru Millionday Article quote: “Iraq has the payment systems sophisticated electronic , but the spread of treated citizens smart cards and money -mail subject by an economist awareness of banking they have, they are mailing all smart cards and are ready.” the electronic banking is set up and ready…modern banking with debit…wow that is fantastic — even though they are there — it is not a global card — again — this means it is not a GLOBAL card yet…they are announcing freely to the world how ready they are. Read more…

Iraqi Dinar/Dollar auction 11-6-2013

Iraqi Dinar/Dollar auction 11-6-2013

Currency Auctions Announcement No. (2522)

The latest daily currency auction was held in the Central Bank of Iraq on the 6-Nov-2013. The results were as follows:

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. Read more…