Posts Tagged ‘Iraqi Dinar’

Currency Auctions 9-17-2013

Currency Auctions Announcement No. (2480)

The latest daily currency auction was held in the Central Bank of Iraq on the 17-Sept-2013 . The results were as follows: Read more…

812 trillion Iraqi dinars revenues Five-Year Plan

812 trillion Iraqi dinars revenues Five-Year Plan

17/09/2013 12:00 AM

Launched by the Ministry of Planning yesterday
Baghdad, Ahmed Abed Rabbo
fired the Ministry of Planning and Development Cooperation on Monday, the National Development Plan for the years (2013 2017), which is expected to reach total revenue in which to 812 trillion Iraqi dinars, 768 trillion dinars, of which derived from oil. With focused Read more…

Iraqi Dinar Guru opinions. 9-16-2013

Iraqi Dinar Guru opinions. 9-16-2013

9-16-2013 Newshound Guru Doc Before all the “RV rate in in the budget” rumors heat up lets put it to bed now. Here is a recent article quote “Committee member Rep. Nora Bijari said in a statement (morning) that the draft budget next year (2014) be found at the Ministry of Finance a budget large, as amounting to nearly 146 trillion dinars, and the ministry will send a copy of the budget to the Council of Ministers for the purpose of voting on them”. Read more…

Currency Auctions 9-16-2013

Currency Auctions Announcement No. (2479)

The latest daily currency auction was held in the Central Bank of Iraq on the 16-Sept-2013 . The results were as follows: Read more…

Finance committee member sighted positive growth of Iraqi economy through currency rate improvement

Finance committee member sighted positive growth of Iraqi economy through currency rate improvement

Posted, 15 Sep 2013

Haidar Al-Abadi, the Parliamentary Finance Committee stated, “The coming weeks will see more improvement in the value of the Iraqi dinar against the dollar which will enhance the confidence of the world.”
According to Mr. Abadi the new policy of the Central Bank of Iraq will significantly benefit the currency value of the Iraqi dinar against dollar. It is a reflection of Read more…

Iraqi Dinar Guru opinions. 9-14/15-2013

Iraqi Dinar Guru opinions. 9-14/15-2013

9-15-2013 Newshound Guru Doc For all practical matters we are exactly where we reported several weeks ago. We also anticipate we will be here for many more weeks. There has been no further movement in passing the remaining laws needed to support currency reform in the long term. All is no where close to complete. In fact Parliament will not reconvene for another week. In our last update we pointed out HCl would not be considered until at the earliest this upcoming session. We eagerly await to see if it will be addressed. Our opinion continues that currency reform will not happen until there supporting laws are passed. The stated stated back drop for the “delete the zeros” project is June 2014 and not tomorrow or next month. The are many articles calling for it which we view as positive. Read more…

Iraqi Dinar Guru opinions. 9-13-2013

Iraqi Dinar Guru opinions. 9-13-2013

9-13-2013 Intel Guru Jester [Do you believe we will still end up with some sort of action against Syria?] I THINK THE TIDE HAS TURNED AND NO I DON’T. THE CIX SEEMS READY…WE HAVE HAD NO FEEDBACK THAT IT ISN’T FOR SOME TIME…WE KNOW THE FOREX AND THE BANKS ARE READY… AND THAT IS CONFIRMED EVERY SINGLE DAY…SO THAT DOES NOT SEEM TO BE A PROBLEM THAT WE CAN SEE… Read more…

“The central bank failed to invest in Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar”

Legal Expert: the circumstances that necessitated Turkish assume the position of Governor of the Central Bank still far

09/13/2013 12:58

Legal expert: the rule of law does not allow “self-monitoring”

BAGHDAD / obelisk: said legal expert that there is violation of a clear legal to take Mr. Abdul Basit Turki positions important at the same time, one oversight, noting that the rule of law and mental health does not permit “self-monitoring,” noting at the same time that what he called the circumstances of Cairo, which necessitated assume Turki as central bank governor may still Read more…

The proliferation of counterfeit currency in the market

Finance Committee: the proliferation of counterfeit currency in the market would hurt the economy and the concerned authorities to take deterrent measures

13-09-2013 11:27 AM

Baghdad (news) .. Warned Vice President of the Finance Committee MP / coalition of Kurdish blocs / Ahmed Faizullah, the spread of counterfeit currency in the local market because it will harm the national economy, calling on the concerned authorities of the central bank and the security agencies to take the necessary measures to reduce them. said Faizullah (of the Agency news) : The spread Read more…

Iraqi Dinar Guru opinions. 9-12-2013

Iraqi Dinar Guru opinions. 9-12-2013

9-12-2013 Newshound Guru Kaperoni “CBI release – To/approved banks exercise all banking/money transfer companies, approved all” It looks to me that the CBI is announcing they are fully liberalizing the foreign exchange market in Iraq. So all dealers can now sell dollars. It may be a very good sign towards the transition to the new “float” exchange regime! So what we have is new currency instructions for banks and money transfer companies that was created and sent out (apparently) privately since it is not posted on the CBI website at or around the 1st of September (dated 3/9). And today, a public announcement “activating” those instructions. To me this is very interesting and clearly makes one think they are doing something pertaining to the currency and foreign exchange that they do not want us to know about. Read more…

Committee has been formed by Council of Ministers for unifying USD price

Committee has been formed by Council of Ministers for unifying USD price

12 Sep 2013

The Secretariat General of the Council of Ministers formed a committee that is working on identifying the price of the US dollar in return of Iraqi dinar for all purposes.
In a statement, the Secretariat General of the Council of Ministers stated, “The formed committee will be chaired by the Deputy Chairman of the Central Bank of Iraq and the membership of the Secretaries of Ministry of Finance and Ministry of Planning as well as the Acting Director of the Supreme Council of Audit.”

iraqdirectory.com

Finance committee member stressed passing law for deleting zeros

Finance committee member stressed passing law for deleting zeros

12 Sep 2013

A finance committee member of Iraq stated that a law for omitting zeros from Iraqi currencies should be passed in order to confront the issues like debt and money frozen.
Finance Committee deputy secretary, Mr. Hadi stated further that the law should be passed as soon as possible to overcome some serious financial issues within the country.
He remarked, “The project to delete the zeros is in frozen state now and Read more…

Iraqi Dinar Guru opinions. 9-11-13

Iraqi Dinar Guru opinions. 9-11-13

9-11-2013 Intel Guru Frank26 Earlier this year, the IMF gave permission to Iraq to raise the value of their currency and gave them 30 days to do it, but they did not; when the UN released Iraq from CH7 they gave them 30 days to raise the rate and they didn’t do it, so the IMF took control of the RV. IMO, Maliki falsified IQD values on the IMF docs…and presented them to the GOI and CBI; if true, this is powerful; Maliki wanted the initial rate to be much higher, and Maliki was going to be allowed to announce the rate on the 17th of this month; now this has been taken away from Maliki and Iraq. Read more…

Ahmed Bureihi the hot candidate for the post of governor of the Central Bank

Ahmed Bureihi the hot candidate for the post of governor of the Central Bank

09/11/2013 (00:01 pm)

BAGHDAD / agencies

A source familiar with that Dr. Ahmed Bureihi of the most important candidates for the position of Governor of Central Bank of Iraq, rather than the conservative current Abdul Basit Turki, who assumed that position the agency for nearly a full year, as well as his basis president of the BSA. The press sources said the Iraqi Central Bank Governor agency Abdul Basit Turki had submitted his resignation to Prime Minister Nuri al-Maliki “because of not being able to manage work at the Central Bank and the Office of Financial Supervision.”
The sources pointed out that Read more…

Lower central bank sales of the dollar in the auction today 9-11-13

Lower central bank sales of the dollar in the auction today 9-11-13

Wednesday, September 11 / September 2013 14:57

[Baghdad – where]

Central Bank announced on Wednesday reduced sales of the dollar in the daily public auction to $ 195 million, after being hit on Tuesday, 238 million and 217 thousand dollars.

According to a statement of the bank has received all of Iraq [where] a copy of it today that “the size of the amount sold by the bank at the auction of the dollar today reached Read more…

Tight monetary policy and an effective means in the stability of the exchange market

Appendix: tight monetary policy and an effective means in the stability of the exchange market

09/11/2013 12:00 AM

BAGHDAD – Hussein ثغب Tamimi
counting specialist affairs, banking and financial tight monetary policy adopted by the Central Bank of Iraq contribute to reducing the phenomenon of dollarization is peppered the real value of the Iraqi dinar and restored.
said competent Samir النصيري in an interview (morning) that the strategic objectives it seeks to achieve the central aim to achieve monetary stability and price and then achieve Read more…

Iraqi Dinar Guru opinions. 9-10-13

Iraqi Dinar Guru opinions. 9-10-13

9-10-2013 Intel Guru Eagle1 WF source states the RV is to happen “momentarily;”…ForEx source said it can happen tonight IF one last piece of housekeeping is cleaned up by the IMF – but we don’t know if the IMF will get it cleaned up tonight…this is given as rumor/opinion, not a date…intel also says that the IMF has decided that the value of the IQD will parallel the KWD…if the IQD comes out at a low rate ($0.86 – $1.00 range)…it will be a free float; if it comes out at $3 +, it will be a managed float. Read more…

Lower central bank sales in the auction today 9-10-13

Lower central bank sales in the auction today 9-10-13

Tuesday, September 10 / September 2013 14:46

[Baghdad – where]

Central Bank announced on Tuesday reduced sales of the dollar in the daily public auction to $ 238 million, after being hit on Monday 282 million and 989 thousand dollars.

According to a statement of the bank has received all of Iraq [where] a copy of it today that “the size of the amount sold by the bank at the auction of the dollar today reached Read more…

Iraqi Dinar Guru opinions. 9-9-13

Iraqi Dinar Guru opinions. 9-9-13

9-9-2013 Newshound Guru Millionday Article quote: “Bankers stressed the importance of launching a national campaign to contact global finance for the revitalization of the work of the State banks which was constrained in its dealings with the requirements of Chapter VII.” this means that they are changing stipulations that have the global banking stuck from past sanctions and present applications so this is fantastic because we want this in order to launch the rates through global currency rates which has to be done in order to connect banking globally…its about time. Read more…

The coming weeks will see an improvement in the value of the Iraqi dinar

Finance parliamentary: the coming weeks will see an improvement in the value of the Iraqi dinar against the dollar

09/09/2013

BAGHDAD / News: suggested the parliamentary Finance Committee on Monday, to witness the coming weeks, an improvement over the value of the Iraqi dinar against the dollar, noting that the monetary policy pursued by the Central Bank have had a significant impact in this improvement.

Chairman of the Committee said Haider al-Abadi said in an exclusive interview with the agency “News” that “the Iraqi dinar is witnessing these days a relatively improved its value against the U.S. dollar and the evidence provides some Arab and foreign countries wish to deal with the Iraqi dinar.”

Abadi said that “the new monetary policy pursued by the central bank had a very large impact on the improved value of the Iraqi dinar, which reflected Read more…