Posts Tagged ‘Iraqi Dinar’

Nearly 120 billion dinars in fines from the Central Bank of Iraq on banks and exchange companies

Nearly 120 billion dinars in fines from the Central Bank of Iraq on banks and exchange companies

2023-11-19 22:17

Shafaq News/ The Central Bank of Iraq announced on Sunday that the fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 119 billion Iraqi dinars during the past ten months.

A table of the bank, seen by Shafaq News Agency, showed that the fines imposed Read more…

Iraqi Dinar Guru opinions 11-18-2023

Iraqi Dinar Guru opinions 11-18-2023

11-18-2023 Newshound/Intel Guru Mnt Goat Wednesday intel call to my contact at the CBI: I was told there was a TV media output broadcast that told the citizens the official rate of the dinar would be over $1 in the coming days. They used the PM Al-Sudani in a speech like format to explain most of it…This is part of the education process. So, it did begin…I was told that the process of the revaluation is now in motion and they expect to begin issuing the newer lower denominations to the banks in exchange for the larger 3 zero notes…when they do distribute the lower denominations to the public for circulation, they will start at the airports first…they are only going to use dinars exclusively as of January 1st, 2024 in Iraq. This is also why they needed and allowed to let the banks now hold other foreign currencies besides dollars. Read more…

Iraqi Dinar Guru opinions 11-17-2023

Iraqi Dinar Guru opinions 11-17-2023

11-17-2023 Newshound/Intel Guru Mnt Goat It seemed my contact in the CBI was bragging about the final steps and paperwork for the full membership of Iraq to the World Trade Organization (WTO) and to look for the official announcement this week or sometime next week. But it is completed. I asked if Iraq needs an international rate of the dinar in order for full membership. I was told and I quote from my source – “Iraq needed a tradable international currency”. I asked if this means liberated back on FOREX trading and was told YES! So, We are VERY close! These two events are converging (WTO and Reinstatement). Read more…

Iraqi Dinar Guru opinions 11-16-2023

Iraqi Dinar Guru opinions 11-16-2023

11-16-2023 Intel Guru Frank26 If I WAS THE CBI, I WOULD BE FOCUSING ON THE NEW EXCHANGE RATE AND THE NEW CURRENCY TO COME OUT TOGETHER…SUDANI IS IN ERBIL WITH BARZANI, AND THEY ARE DEALING WITH THE LAST THREE PARAGRAPHS OF THE HCL. THEIR INTENT IS TO RELEASE IT VERY SOON IF THAT IS THE CASE, THEN IMO THE NEW EXCHANGE RATE AND THE NEW LOWER NOTES SHOULD FOLLOW. REMEMBER WHAT I’VE ALWAYS SAID…THE MOMENT YOU SEE THE HCL SECONDS LATER YOU WILL SEE THE NEW EXCHANGE RATE. Read more…

Iraqi Dinar/US Dollar auction results for today 11-16-2023

Iraqi Dinar/US Dollar auction results for today 11-16-2023

Results of the foreign currency selling window, Thursday 11/16/2023
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The Iraqi Central Bank agrees with Turkish banks to enhance external transfer in the euro currency

The Iraqi Central Bank agrees with Turkish banks to enhance external transfer in the euro currency

November 16, 2023

The Central Bank of Iraq agreed with Turkish banks to open accounts for Iraqi banks; For the purposes of external transfer and enhancing balances to finance foreign trade in the euro currency.

Sources added, today, Thursday, that the agreement came during a meeting Read more…

An economic expert expects a “new” decline in the price of the US dollar to reach 1,450 Iraqi dinars

An economic expert expects a “new” decline in the price of the US dollar to reach 1,450 Iraqi dinars

2023-11-16 02:17

Shafaq News/ Financial and economic expert Abdul Rahman Al-Mashhadani predicted on Thursday that the dollar exchange rate will witness a new decline to reach 145,000 Iraqi dinars against 100 dollars, attributing this to the measures taken by the Central Bank of Iraq in agreement with the Federal Reserve Read more…

Iraqi Dinar Guru opinions 11-15-2023

Iraqi Dinar Guru opinions 11-15-2023

11-15-2023 Newshound/Intel Guru Mnt Goat Article: “THE HIGHEST CURRENCY RESERVE IN THE HISTORY OF IRAQ” Quote: “We hold the highest currency reserve in the history of Iraq and the time for the stability of the dollar has begun November 14, 2023 Advisor to the Prime Minister for Financial Affairs, said that Iraq today has the highest foreign currency reserves throughout its financial history…stressing that this agreement constitutes the beginning of price stability in the exchange market.” Read more…

Iraqi Dinar/US Dollar auction results for today 11-15-2023

Iraqi Dinar/US Dollar auction results for today 11-15-2023

Results of the foreign currency selling window, Wednesday 11/15/2023
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Iraqi Dinar Guru opinions 11-14-2023

Iraqi Dinar Guru opinions 11-14-2023

11-14-2023 Intel Guru yada Review from the articles… The PM announced the banks are now able to exchange foreign in country last week. The digital connections have been activated to collect the tariffs and taxes from all border crossings Monday last week. Their stock mark showed a 3000 point drop in dinars this past Sunday. To me, the dollar to dinar value is adjusting to the actual reissued value of the dinar. 10 days or so, 12 countries did currency swaps with Iraq. Contracts that were previously agreed upon are being signed from countries coming into Iraq to do business. TOTAL being one of the largest and along with the infrastructure contracts. All this requiring a new REISSUED rate. IMO, they’ve gone a far as they can go without not changing the rate… Read more…

Iraqi Dinar/US Dollar auction results for today 11-14-2023

Iraqi Dinar/US Dollar auction results for today 11-14-2023

Results of the foreign currency selling window, Tuesday 11/14/2023
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Revealing the “reasons” for the dollar’s ​​decline in Iraq and expectations for the next step

Revealing the “reasons” for the dollar’s ​​decline in Iraq and expectations for the next step

2023-11-14 08:09

Shafaq News/ On Tuesday, economic expert Nabil Al-Marsoumi attributed the decline in the price of the US dollar against the Iraqi dinar to what he called “good market sentiment and optimistic expectations.”

Al-Marsoumi said in an interview Read more…

We hold the highest currency reserve in the history of Iraq and the time for the stability of the dollar has begun – Sudanese Advisor

We hold the highest currency reserve in the history of Iraq and the time for the stability of the dollar has begun – Sudanese Advisor

11-14-2023

Mazhar Muhammad, Advisor to the Prime Minister for Financial Affairs, said that Iraq today has the highest foreign currency reserves throughout its financial history, indicating that they are sufficient for Iraq to last 15 months, while the international standard is only 3.

Muhammad indicated in a statement to the official newspaper, Read more…

Parliamentary warnings against printing a new monetary mass after the deterioration of the dinar

Parliamentary warnings against printing a new monetary mass after the deterioration of the dinar

11-14-2023

Information/Baghdad..
Independent MP Nazem Al-Shibli warned on Tuesday of the dangers of printing a new monetary mass, stressing that the rise in the price of the dollar harmed a segment of poor citizens in their livelihood and daily needs.

Al-Shibli said in an interview with the Maalouma Agency, “This step may lead to Read more…

Washington waves the dollar bill.. The US Federal Reserve continues to tamper with the Iraqi dinar

Washington waves the dollar bill.. The US Federal Reserve continues to tamper with the Iraqi dinar

11-14-2023

Information/report..
The American administration continues to work hard to destabilize the internal situation in Iraq, by creating many problems, which it has worked on over the past period, including those related to the security, economic, and even political aspects in light of the interference of its ambassador in Baghdad in issues outside her Read more…

Iraqi Dinar Guru opinions 11-13-2023

Iraqi Dinar Guru opinions 11-13-2023

11-13-2023 Newshound Guru Clare Article: “A government source reveals the outcomes of the meeting between the Central Bank and the American side” Quote: “It was agreed to enhance the advance balance of five Iraqi banks in their accounts in dollars with Jordanian banks and transfers via (JP Morgan), noting that the problems related to the rejected transfers were resolved…” Read more…

Iraqi Dinar/US Dollar auction results for today 11-13-2023

Iraqi Dinar/US Dollar auction results for today 11-13-2023

Results of the foreign currency selling window, Monday 11/13/2023
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Iraqi Dinar Guru opinions 11-12-2023

Iraqi Dinar Guru opinions 11-12-2023

11-12-2023 Newshound Guru Clare Article: “Intensive Iraqi-American meetings in the Emirates result in important decisions regarding external transfers of the dollar” Quote: “The official Iraqi News Agency quoted a government source as saying that intensive meetings took place during the past few days in Abu Dhabi between a delegation from the Central Bank of Iraq and the American side responsible for foreign transfer operations to cover imports, indicating that the negotiations culminated in a number of decisions and mechanisms that contribute to facilitating procedures. Regarding external transfers related to imports through the foreign currency sales window.” Read more…

Iraqi Dinar/US Dollar auction results for today 11-12-2023

Iraqi Dinar/US Dollar auction results for today 11-12-2023

Results of the foreign currency selling window, Sunday 11/12/2023
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A new step may fluctuate the dollar exchange rates.. What do economists think?

A new step may fluctuate the dollar exchange rates.. What do economists think?

11-12-2023

Information/private..
Today, Sunday, the economic expert, Abdul Rahman Al-Mashhadani, explained the impact of the approval to enhance the dollar balance of 10 banks on exchange rates in local Iraqi markets, while explaining the repercussions of the decision.

Al-Mashhadani said, in an interview with the “Al-Ma’louma” agency, that “visiting the dollar balance of ten banks will be one of the factors that will reduce Read more…