September 2, 2015

News About Iraqi Dinar

Iraqi Dinar Exchange Rate

Currency Exchange News

Iraqi bank: Tens of smuggled billions recovered to the public market

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/1OlVs3tMiEk/iraqi-bank-tens-of-smuggled-billions-recovered-to-the-public-market-323074

Shafaq News / Rafidain Bank announced on Saturday the recovery of tens of billions that were leaked to the public market and are operated by some parties (unnamed).

The general director of the bank , Basem Kamal al-Hassani said in a statement received by Shafaq News, that many of the financial manipulations and violations have been exposed before we receive the post office, adding that money has controlled among attempts of embezzlement through instruments or through operation such amounts in violating legal contexts.

Al-Hassani said that there are some parties pushing in cheap ways to get the gains of banking facilities outside the framework of legal controls .

LINK

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Small Iraq Bank notes will be canceled soon

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/NaBlkLU8Kyc/small-iraq-bank-notes-will-be-canceled-soon-322985

American Contractor:   Washingston Post Article 8/18/15 Quote: “Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department. The plan is set to be implemented by 2017 after restructuring dinar by issuing two large banknotes – a 50,000 dinar note before the end of this year and 100,000 banknote next year – and canceling small ones.”

Small Iraq Bank notes will be canceled soon says Central Bank…the 250, 500, and 1,000 bank notes will be removed…there are not that many in circulation.

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The central bank lends to banks 23 trillion dinars

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/-PpCDjz_XVs/the-central-bank-lends-to-banks-23-trillion-dinars-322909

BAGHDAD / JD / .. announced Iraqi Economists Association, for the central bank to grant financial loans to 23 banks waged an amount trillion dinars for the purpose of supporting small and medium enterprises in the country.
He said Vice President of the Assembly on behalf of Jamil told / JD /: “The central bank allocated trillion dinars for the purpose of supporting small and medium enterprises in the country, “noting that” this amount will be given for 23 banks waged a loan Mali “.
He added that” wishing to receive these loans and granted to the industrialists are bringing in feasibility studies for projects, guarantees and go to the central bank to get the amount as banks provider of loans to them.
“He noted that” this project will support the private industrial sector and reduce the unemployment rate and also reduce the imports of goods consumed

LINK

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The launch of the bank will cut 6 trillion of relying on budget

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/QLnEMXc0Ock/the-launch-of-the-bank-will-cut-6-trillion-of-relying-on-budget-322655

Baghdad-and Reet- A member of the management board of the Central Bank, Majid picture, on Thursday, said that the amount of six trillion dinars, which the central bank decided to launch the government and private banks will activate the internal labor market and reduce its dependence on the budget.

He said the picture, that “the amounts that the central bank decided to launch within his plan to stimulate the Iraqi market, a five trillion dinars to support the industrial, commercial and real estate sector banks, in addition to the trillion dinars for private banks to finance small and medium enterprises Ststhm in the revitalization of the reality of the Iraqi economy due to confusion due to the financial crisis.” .

Suri said that “there are attempts of corruption mafias to control the money, which was launched”, adding that “the reforms proposed by the government should take its way to the application in the fight against corruption mafias”.

LINK

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The central bank stopped dealing with Iranian banks

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/p2GUa4W-uXw/the-central-bank-stopped-dealing-with-iranian-banks-322497

Stop the Central Bank of Iraq, Sunday, dealing in dollars with bankers Iranians, while kept his handling of standing with them in dinars. The governor of the Central Bank on the Keywords in a written statement to “tomorrow’s Press,” that “Based on the decisions issued by the UN Security Council The book US Treasury, dated July 15, 2015 decided to suspend trading in US dollars with banks Iranians. “He added that” bankers covered by the decision are the (Islamic regional cooperation and Barcan), “noting that” the central bank has directed that all licensed banks in Iraq not to deal with the two banks to the US dollar and in various forms. “But about the deal in Iraqi dinars for the two banks Keywords said that” the two banks Iraqi dinar accounts will remain open and do not mind from conducting financial transactions with them. ”

LINK

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Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/Adf2-pqKs3s/orders-for-the-arrest-of-former-iraqi-central-bank-director-sanan-al-shabibi-322417

Millionday:   Article quotes: “Iraqi Prime Minister Haider al-abaci has sent two letters to the Integrity Commission to have this commission immediately begin investigating on a number of corruption files regarding Nouri Maliki and Baha al-Araji.”

“Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered, according to al-Baghdadiya.”

SO OBVIOUSLY WE WILL HAVE TO SEE WHERE THIS GOES — SO I WILL SAY THE ONLY WAY THIS CAN BE VERIFIED IS THROUGH ACTION.

[Did I read that correctly!? “Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered…” I thought Abadi helped Dr. S to get out of charges late last year?]

THE HEAD OF CBI IS APPOINTED BUT WE HAVE SEEN THIS BEFORE — WE WILL HAVE TO SEE WHERE IT GOES WITH SHABIBI — I CAN NOT VERIFY THIS.

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$4.3bn in new Central Bank Loans

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/4xYXU9jO_5Y/4-3bn-in-new-central-bank-loans-322276

The Central Bank of Iraq (CBI) has launched a new scheme of loans for “industrial, agricultural and real estate” banks.

According to the report from Shafaaq, a total of 5 trillion Iraqi dinars [$ 4.3 billion] will be made available.

The governor of the CBI, Ali al-Alaq, has reportedly promised to make more money available if the allocated funds are fully used to facilitate new projects.

LINK

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Bank of Japan minutes show some board members lower inflation outlooks

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/-gqYzMNqjYQ/bank-of-japan-minutes-show-some-board-members-lower-inflation-outlooks-322246



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Rafidain Bank issues more than 400 000 smart card to their beneficiaries

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/uzy7r4cmIq0/rafidain-bank-issues-more-than-400-000-smart-card-to-their-beneficiaries-322076

Rafidain Bank announced on Saturday releasing more than 400 000 smart cards to their beneficiaries during the first half of this year.

The Media Office of the Bank said in a statement that the total number of cards that have been issued in the first half of 2015 amounted to 488 782 smart cards that included various categories covered by them.

The statement explained that those cards were distributed on the departments of Displacement and Migration , the network of social protection , retirement Department , other departments and other state institutions.

LINK

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My ladies talks about the Central Bank.

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/a29moP2kKq8/my-ladies-talks-about-the-central-bank-321607

My Ladies Perhaps we are misleading people or using the improper verbiage or not getting our point across thoroughly…Neither [Guru] Nova or I said…anything that the Central Bank of Iraq isn’t saying. I don’t know and Nova doesn’t know if 1095 is going to be the exchange rate of the Iraqi dinar. What we said is the Central Bank of Iraq said they are selling bonds — their verbiage was “abroad” — at a rate of 1095 to 1 USD. They’re selling it in dinar. Again, this isn’t Nova and me saying these things. This is the CBI and ISX. This was formal, on their letterhead…Now, what Nova and I said is that the Central Bank of Iraq, the Government of Iraq, or anybody can’t sell bonds abroad, international, whatever word for outside the country, without having an exchange rate. Are Nova and I saying that 1095 is the new exchange rate for the Iraqi dinar? No. The reason this is happening is because the GOI has no money. The GOI is broke, and they can’t get dinar from the CBI. They have to create an event in order to raise the funds they need. The whole thing is they’ve turned the engine on, and it’s wonderful.

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