October 22, 2014

News About Iraqi Dinar

Iraqi Dinar Exchange Rate

Currency Exchange News

Dinar investment speculative?

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/4jT0-ssBDF8/dinar-investment-speculative-277787

10-7-2014 chattels …in this investment, i find it very difficult to believe, digest, and agree, that it is speculative.. i have always argued that term… IRAQ MUST HAVE A RECOGNIZABLE CURRENCY OF THEIR OWN, and de-dollarize, in order to play ball with the rest of the world, the way they have always done… and as our good friend [Guru] HUB has stated over and over, Iraq has had their own currency for many many years, why wouldnt they have one now?

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New weekly dinar chat – Adam Montana, October 1

Source: Iraq Dinar Speculation
URL: http://feedproxy.google.com/~r/IraqDinarSpeculation/~3/soM36VeUQYQ/

Happy Hump Day everyone, and welcome to the weekly update!

Current situation:

Budget: We are extremely close to seeing the budget passed, and in
such a way that the Kurds will be happy with it. In fact, Salim Al-Jiburi
(the Iraqi speaker) did meet with Yusuf Mohammed (speaker of
the Kurdistan region’s parliament) just earlier today, and preliminary
reports are showing that they are in agreement on how to move
forward.

In regards to the budget, it’s interesting to know that more than 20%
of the Kurdish regions people are on Government payroll, and that
actually accounts for over 70% of the…
Read more: http://dinarvets.com/forums/index.php?/topic/187893-adam-montana-weekly-october-1-2014/#ixzz3Eu4VLWu8

Also discussed this week: Budget, ISIS, HCL

See you on the forums!

-Adam

Dinar talk

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/AsGjld7VEqM/dinar-talk-275977

Kaperoni Ok so i had the translator read through this…all the credit goes to him…This sixteen page “academic” analysis by Dr. Mathhar Saleh is extensive. He touches on the fundamentals as well as the technical factors that affect the value of the dinar…from what I read and between the lines is that the dinar is undervalued at the present time and at the first sign of stability in the security situation there will be more pressure to raise the value of the dinar and quickly…obviously supply and demand is a major factor if you want to float the currency. Demand will come with stability and monetary policies by “forcing” companies to accept getting paid in dinars and that day may come but when is the million dollar question!

Then he finishes by saying this…”In my opinion the Iraqi dinar had bottomed out and will recover soon but how fast and how soon remains “wishful thinking!” – I am sure we will start hearing more about monetary policies very soon.” [Kaperoni, When do you suppose this RV shall happen then? IYHO] i let the experts decide that…but it sounds as soon as stability sets in. IMO they need the laws to support the transition to a market economy and banking laws to support international investors. Once we see that done, we are close. And I would hope to see the CBI talking about Article VIII…when the CBI moves to article VIII, it must float…no options.

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Fake Iraqi Dinar found in Maysan

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/LxNlUpJ1PGA/fake-iraqi-dinar-found-in-maysan-274937

Maysan [Missan] police have reportedly arrested a gang producing counterfeit Iraqi dinars in the city of Amara.
According to a report from NINA, the gang of three people was found in possession of fake dinars, and the case will be presented to the judiciary.

LINK

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THE DINAR WILL BE BACKED BY GOLD, NOT OIL

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/6ph2GbuIkZk/the-dinar-will-be-backed-by-gold-not-oil-273733

Millionday:   THERE IS A WAY TO COMPARE ALL PRICING TO MAKE IT FAIR WITH ALL COUNTRIES — THE USD — THE SDR — THE PRICE OF GOLD… PRECIOUS METALS ARE A GLOBAL PRICING TOOL — THE IMPOSED RATE OF THE DINAR IS AFFECTING THE GLOBAL PRICE OF GOLD AND THE REASON BEING THE LACK OF SUPPLY AND DEMAND SUPPLYING THE MARKET IN IRAQ — (MARKET ECONOMY) — THE HUGE MARGIN IN REALITY IS A HUGE PROBLEM WITH THE WORLD MARKET. CBI HAS ANNOUNCED THAT THE DINAR WILL BE BACKED BY GOLD — AND THAT THE MONETARY POLICY HAS THE NEW RATE FOR THE DINAR IN IT AND…

…IT WILL BE WITH THE ACTIVATION OF THE MONETARY POLICY NO DOUBT — AND THE MONETARY POLICY IS PART OF THE ECONOMIC REFORM THEY ARE ACTIVATING…THE US DOLLAR BECAME THE RESERVE CURRENCY. THE CALCULATION IS BEING DONE ACCORDING TO THE PRICE OF GOLD AND WHAT IT SHOULD BE IN IRAQ WITH THE PRICES BEING SET AND THE DOLLAR WILL BE THE PAIRING CURRENCY OF COURSE. YES, THEY ARE TALKING ABOUT THE REVALUE OF THE DINAR AND THE SETTING OF THE INTERNATIONAL PRICES FOR IRAQ. THEY ARE IN A HUGE RUSH DUE TO THE AFFECT IT HAS ON THE GLOBE…WE WILL KNOW VERY VERY SOON…

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“The re-pricing of the Iraqi dinar”

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/TQC8KdD04UE/the-re-pricing-of-the-iraqi-dinar-273471

Memphis:   Given that the World Bank, by their own words, are now satisfied with Iraq’s level of preparedness is it not fair to have expectation?

Before attempting to make an argument here that the book on “the re-pricing of the Iraqi dinar” is about to (can I say “finally”?) be closed, let’s take a trip back in time and recall some past information that may prove helpful in our discussion.

In late 2011 and into mid 2012 we were told that the CBI’s strategic project contains three phases and that each was to last 6mo. This one has often had me scratching my head as it has been an elusive thing trying to determine the start date that they were using! In truth, at some point I gave up trying.

Tho I wouldn’t make a doctrine of it, it seems noteworthy that not only was Iraq’s big debut held 18 mo ago but their national meeting was in the same month as was Mr. Turki’s long forgotten words: “Soon the friends of Iraq will be very surprised”.

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CBI: Iraqi Dinar to USD sales decrease in Saturday currency auction

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/GWxU8NcGDTc/cbi-iraqi-dinar-to-usd-sales-decrease-in-saturday-currency-auction-269524

Baghdad (IraqiNews.com) Sales of dollar by the Central Bank of Iraq and purchase of other foreign currencies went down on Saturday session to / 186 / million / 310 / thousand dollars, after being hit on Thursday / 244 / million / 818 / thousand dollars with stable exchange rate of / 1166 / dinars per dollar.

The daily bulletin issued by the Central Bank, said “The demand for dollar was ranging on today auction around the level of / 38 / million / 680 / thousand dollars which sold in cash . /End/

LINK

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Can the CBI revalue the dinar without parliament or a pm?

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/GmH55jIzPAU/can-the-cbi-revalue-the-dinar-without-parliament-or-a-pm-266788

Adam Montana:   [Q.  You have said in the pass that the CBI is the only one that can rv. Cbi has stated that despite all the problems that IRAQI has that the dinar is still strong. So can't the CBI rv without parliament or a pm?]

A.  Absolutely.

[Q.  With Ramadon almost over, do you believe we will start to see a lot of activity leading to an R/V?]

A.  August is going to be an exciting month.

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THE EU NEEDS THE DINAR TO BACK THEIR RESERVE VALUE?

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/obRHdf5Qml8/the-eu-needs-the-dinar-to-back-their-reserve-value-266519

Mailman17:   THE U.S, WORLD BANK AND IMF ARE JOINED AT THE HIP…ALWAYS HAVE BEEN AND ALWAYS WILL. WITH THE EMERGENCE OF A VERY FAST MOVING BRICS…THIS THREESOME IS IN SERIOUS TROUBLE. THEY NEED TO ACT FAST…REAL FAST TO AT LEAST QUELL THIS BRICS MOVEMENT.

I HAVE ALWAYS BEEN A 86 CENT MAN…BUT…THEY JUST MAY HAVE TO UP THE ANTE…IF THEY ARE TO SURVIVE THE ONCOMING STORM. THE EU NEEDS THIS DINAR TO BACK THEIR RESERVE VALUE AS WELL AS THE U.S. JUST POSSIBLY 86 CENTS AINT GONNA DO IT…THEY MIGHT HAVE TO GO HIGHER…WE SHALL SEE…EITHER WAY…THEY NEED IT NOW…AS IN YESTERDAY…JMO.

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The stability of the dinar exchange shares in maintaining the prices of goods

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/OB_Fk7T2NTo/the-stability-of-the-dinar-exchange-shares-in-maintaining-the-prices-of-goods-264138

Baghdad – the joy of pumice

yielded the efforts of the government, represented by the competent bodies for the stability of the exchange rate of the Iraqi dinar, despite attempts by gangs “Daash” terrorist influence it through the theft of millions of dollars and dinars from the provinces of Mosul and Salahuddin.
praised the citizens of actions taken by the CBI in this regard, particularly supplied confounded significant financial gave the Iraqi dinar strength, which led to keeping the prices in the markets.
was Central Bank Governor Abdul-Basit Turki has said recently, that the strength of the Iraqi dinar and the precautions that support has not been affected despite the recent situation in Iraq, noting that “cash reserves in support of the Iraqi dinar is 70 billion dollars, and that the central bank is able to support the exchange rate of the dinar.”
The exchange rate of the dinar in the banking offices 1220 dinars with a rate of exchange official 1166 DT is the price stable, because the increase is up to 2 percent represents an acceptable price and stable, according to financial expert, the appearance of Dr. Mohammed Saleh.
says in favor of the “morning”: “Built monetary policy for Iraq since 2004 on a system called (School currency), which is that the Iraqi dinar is fully covered in foreign currency with wide latitude for conversion The guarantee key to the stability of the dinar. ”
He said the conversion is not intersect with the legal fight against money laundering, and money crime and terrorism, so the citizen is free to the conversion process. added expert said: “the Iraqi dinar financial reserves represent state revenues from oil, the reserves associated with Imports of oil in an integrated manner. ”
He said that the Iraqi dinar itself hard currency for the absence of other mechanisms for ordering associated with the reserves of foreign, especially that he (Iraqi dinar) issued a liability interview assets of Foreign Exchange, as well as that of the oil sector is the leverage of its value. Salih noted The continuity of the oil activity, regardless of instability between the center and the region that do not affect the largest percentage of Iraq’s exports, estimated at 80 percent of the SOC, as linked to the central bank reserves revenues of the government’s foreign exchange by converting it to the dinar, as well as freedom of foreign exchange, especially since he Over the past year were converted Mali includes remittances and Foreign Exchange in cash and credits worth some 52 billion dollars, while the current year, the indications point to the limits of 50 billion dollars, so the supply of cheap goods and the freedom of the conversion of Iraq made ​​Almacheram prices stable.
According to financial expert, the Ministry of Oil recently announced that the export level of 2.9 million barrels a boat from the South Oil only, and this is consistent with the goal of balancing the year 2014 is approved, believing that the economies of southern Iraq is the main player in the value of the Iraqi dinar.

LINK

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