yota691 Posted October 25, 2016 Report Share Posted October 25, 2016 25-10-2016 11:08 AM Iraq: Launch of dollar selling across 17 branches in Baghdad and the provinces Rafidain Bank was launched on Tuesday, selling the dollar for the beneficiaries in accordance with the regulations and instructions, from 17 branches. The press office of the bank, it was ' based on the Central Bank 's guidelines and the need for citizens to buy dollars to need him when traveling outside the country decided to launch sales by 17 branches in Baghdad and the provinces and controls in accordance with the bank. " He pointed out that ' the conditions required to sell a$ 1200 dinars to the dollar on condition that provides the beneficiary passport with a ticket and the reason for his need for dollars for the purposes of official scholarship, study and other reasons disguised therapy', pointing out that ' the amount allowed for the sale of three thousands of dollars for someone. ' He said that' the right of one person to get three thousand dollars only. ' 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 25, 2016 Author Report Share Posted October 25, 2016 Rafidain Bank called sell the dollar in accordance with the guidelines and instructions Tuesday 25-10-2016 | 9:01:47 A c / d p Twilight News / Rafidain Bank announced on Tuesday the sale of the dollar to the beneficiaries in accordance with the regulations and by three thousand dollars per person in 1200 compared to the value of dinars per dollar. Press office of the bank said in a statement responded to the Twilight News, that based on the Central Bank's guidelines and the need for citizens to buy dollars to need him when traveling outside the country decided to launch sales by 17 branches in Baghdad and the provinces and controls in accordance with the bank. The statement pointed out that the conditions required to sell a $ 1200 dinars to the dollar on condition that the beneficiary offers passport with a ticket and the reason for his need for dollars for the purposes of treatment and official scholarship, study and other reasons convincing. He explained that the right of one person to get three thousand dollars only. 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 25, 2016 Author Report Share Posted October 25, 2016 Rivers called dollar selling to citizens by 3000 dollars according to the guidelines and instructions Tuesday October 201 625 09:06 Alsumaria News / Baghdad announced Rafidain Bank on Tuesday announced the launch of selling the dollar for the citizens and by 3000 dollars according to the guidelines and instructions, noting that the sale will be priced at 1200 dinars per dollar. The press office of the bank in a statement Sumerian received News a copy of the "bank began the launch of selling the dollar to the beneficiaries in accordance with the regulations and by three thousand dollars per person compared with 1200 dinars per dollar. " The office said , "and continued to build on the Central Bank 's guidelines and the need for citizens to buy dollars when traveling outside the country decided to launch sales by 17 branches in Baghdad and the provinces and controls in accordance with the bank," adding that " the conditions required to submit the recipient 's passport with a ticket and the reason for his need for dollars for the purposes of treatment the IFAD official study and other reasons convincing. " He explained that" the right of each person to get three thousand dollars only. " decided the Iraqi Central Bank on 16 June that the share of citizens who wish to obtain the dollar to cover their expenses abroad of banks and banking and financial transfer all is US $ 3,000, instead of $ 5,000. 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 25, 2016 Author Report Share Posted October 25, 2016 Rafidain Bank called dollar selling to citizens in accordance with the guidelines and instructions History of edits:: 25.10.2016 10:25 • 2767 visits readable {Baghdad: Euphrates News} fired Rafidain Bank, on Tuesday, selling the dollar for the beneficiaries in accordance with the regulations and by three thousand dollars per person compared with 1200 dinars per dollar. Press office of the bank said in a statement, the agency {Euphrates News} received a copy of it today, it is "based on the Central Bank 's guidelines and the need for citizens to buy dollars to need him when traveling outside the country decided to launch sales by 17 branches in Baghdad and the provinces and controls in accordance with the bank." He noted " the conditions require the sale value of 1200 dinars to the dollar on condition that the beneficiary offers passport with a ticket and the reason for his need for dollars for the purposes of treatment and official scholarship, study and other reasons disguised." char that "the right of each person to get three thousand dollars only." is over 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 26, 2016 Author Report Share Posted October 26, 2016 Rafidain Bank launches sale of the dollar in 1200 dinars 25/10/2016 BAGHDAD / JD / .. fired Rafidain Bank dollar sale to the beneficiaries in accordance with the regulations and by three thousand dollars per person compared with 1200 dinars per dollar. The bank said in a statement received / JD / copy of it: it is based on the directives of the central bank and the need for citizens to buy dollars to need him when traveling outside the country decided to launch sales by 17 branches in Baghdad and the provinces and controls in accordance with the bank. He pointed out that the conditions required to sell the value of 1,200 dinars to the dollar on condition that the beneficiary offers passport with a ticket and the reason for his need for dollars for the purposes of treatment and official scholarship, study and other reasons convincing. He explained that the right of one person to get three thousand dollars only. / End / 22 / 3 Quote Link to comment Share on other sites More sharing options...
sandfly Posted October 27, 2016 Report Share Posted October 27, 2016 GET THEM DINARS 4 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted October 27, 2016 Report Share Posted October 27, 2016 Hurry the Hell the Up . . . I gots things to do ! 5 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted October 27, 2016 Report Share Posted October 27, 2016 Looks like the CBI is planning to stop the currency auctions in the near future and is using other Banks to sell hard currency The black market will continue even if people have to pay more than 1200 dinar per dollar.... People who don't have passport or bank account. Give value to the dinar of $1:1 or more and people will stop using the dollar. Go end of the auctions Go new monetary policy Go $1:1 or more 5 Quote Link to comment Share on other sites More sharing options...
new york kevin Posted October 27, 2016 Report Share Posted October 27, 2016 Sounds like the CBI has stopped the currency auctions to me. They are only allowing banks (not the CBI) to sell USD to citizens who gave proof they are going out of Iraq, to get a limited amount of USD. Perhaps there are circumstances where said citizens would be denied for their request to buy USD? Is there a mandate or edict that also states that all business transactions within the borders of Iraq must be completed with IQD only? Accept with the export of oil of course. 3 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted October 27, 2016 Report Share Posted October 27, 2016 Currency Auctions Announcement No. (3305) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 26/10/2016 and the results were as follows: DETAILS NOTES Number of banks 32 Number of remittance companies 15 Auction price selling dinar / US$ 1182 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 147,280,305 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 147,280,305 Total offers for selling (US$) ----- Also noticed Gold prices on daily exchange chart. Anyone seen that before? Australian Dollar AUD 0 0 24carat gold ounce gold 1500430.800 1497892.000 CURRENCY CODE SELL BUY US dollar USD 1182.000 1180.000 Euro EUR 1285.070 1284.428 British pound GBP 1445.941 1445.218 Canadian dollar CAD ----- ----- Swiss franc CHF ----- ----- Swedish krona SEK ----- ----- Norwegian krone NOK ----- ----- Danish krone DKK ----- ----- Japanese yen JPY 11.315 11.310 Special Drawing Rights SDR 1621.940 1621.129 Indicative rates - 26.10.2016 3 Quote 3 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted October 27, 2016 Report Share Posted October 27, 2016 1 hour ago, 10 YEARS LATER said: Hurry the Hell the Up . . . I gots things to do ! With ya on this one as well brother 3 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted October 27, 2016 Report Share Posted October 27, 2016 8 hours ago, Laid Back said: Currency Auctions Announcement No. (3305) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 26/10/2016 and the results were as follows: DETAILS NOTES Number of banks 32 Number of remittance companies 15 Auction price selling dinar / US$ 1182 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 147,280,305 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 147,280,305 Total offers for selling (US$) ----- Also noticed Gold prices on daily exchange chart. Anyone seen that before? Australian Dollar AUD 0 0 24carat gold ounce gold 1500430.800 1497892.000 CURRENCY CODE SELL BUY US dollar USD 1182.000 1180.000 Euro EUR 1285.070 1284.428 British pound GBP 1445.941 1445.218 Canadian dollar CAD ----- ----- Swiss franc CHF ----- ----- Swedish krona SEK ----- ----- Norwegian krone NOK ----- ----- Danish krone DKK ----- ----- Japanese yen JPY 11.315 11.310 Special Drawing Rights SDR 1621.940 1621.129 Indicative rates - 26.10.2016 3 Quote LB - Good Catch. No, I had not seen the 24 carat gold ounce before. I think they just started that this week. I noticed a couple years ago the Australian Dollar started to be listed. Not sure why they did not include the Australian Dollar in the table as all the others. The sell/buy for gold is 1,269.40/1,269.40 USD. On www.ino.com, gold is shown today as $1,269.005/oz at 7:47 am CDT. 3 Quote Link to comment Share on other sites More sharing options...
ixic Posted October 27, 2016 Report Share Posted October 27, 2016 16 hours ago, Laid Back said: Currency Auctions Announcement No. (3305) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 26/10/2016 and the results were as follows: DETAILS NOTES Number of banks 32 Number of remittance companies 15 Auction price selling dinar / US$ 1182 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 147,280,305 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 147,280,305 Total offers for selling (US$) ----- Also noticed Gold prices on daily exchange chart. Anyone seen that before? Australian Dollar AUD 0 0 24carat gold ounce gold 1500430.800 1497892.000 CURRENCY CODE SELL BUY US dollar USD 1182.000 1180.000 Euro EUR 1285.070 1284.428 British pound GBP 1445.941 1445.218 Canadian dollar CAD ----- ----- Swiss franc CHF ----- ----- Swedish krona SEK ----- ----- Norwegian krone NOK ----- ----- Danish krone DKK ----- ----- Japanese yen JPY 11.315 11.310 Special Drawing Rights SDR 1621.940 1621.129 Indicative rates - 26.10.2016 3 Quote LaidBack quoted what I had posted yesterday on the auctions having gold prices listed. I had never noticed/seen it before on the CBI page, which is why I brought it over. Maybe the gold prices are for the gold coins they'll be introducing? Hopefully. But also could be just a general listing to let people know the actual market rate for dinar/gold ratio. 5 Quote Link to comment Share on other sites More sharing options...
yota691 Posted November 8, 2016 Author Report Share Posted November 8, 2016 Iraq sets covered by buying the dollar from its banks Tuesday 8 November 2016 08:50 Alsumaria News / Baghdad select Rafidain Bank, on Tuesday, covered the purchase of the dollar from its banks, noting that the 17 branches in Baghdad and the provinces are selling the dollar for the citizens. The bank said in a statement Alsumaria News received a copy of it "saw a high turnout from reviewers in conjunction with the launch of the bank selling the dollar citizens and by 3000 dollars per person compared to 1200 dinars per dollar on the condition that it be an acceptable excuse to travel. " He added the bank that "covered by buying them from the next couple of travel for the purposes of medical treatment, study or Hajj or Umrah or tourism, in addition to the official deputations and other other reasons , " noting that he " was launched sales by 17 branches in Baghdad and the provinces which both pharmacists branch in Basra province and ur in Dhi Qar and the Pacific in Maysan and Cordoba in Wasit and Qadisiyah in Qadisiyah, in addition to the Babylon branch in Babylon branch Prince neighborhood in Najaf, Muthanna in Muthanna and Abbas in Karbala and Baquba , in Diyala and Kirkuk province , in the province of Kirkuk. " He said the bank that" dedicated to selling the dollar branches in Baghdad It is all from the General Secretariat of the Council of Ministers branch inspired by the Arab and Kadhimiya and the role of the officers and Firdous Square and Mustansir , "pointing out that" the branches of the bank saw a high turnout of citizens for the purpose of buying the dollar , which was launched to sell it at the Iraqi Central Bank directives to meet the needs of citizens. " He announced Rafidain Bank, on October 25 last launch of selling the dollar for the citizens and by 3000 dollars according to the guidelines and instructions, and at a price of 1200 dinars per dollar. 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted November 12, 2016 Author Report Share Posted November 12, 2016 Rafidain Bank: widespread demand to sell the dollar for citizens Economy News / Baghdad ... Rafidain Bank witnessed a high turnout of citizens in conjunction with the release of bank dollar selling them for travel for medical treatment, study and Hajj and Umrah and other Reasons said branches assigned to sell the dollar. And the press office of the bank in a statement that "the economy News" received a copy of "The bank fired selling the dollar to citizens by three thousand dollars per person compared with 1200 Dnyar for one dollar and according to the terms set by the bank which is to have an excuse to travel in order to cure or study or Hajj and Umrah and tourism official deputations and other reasons. " He pointed out that "these conditions committed by the bank based on the directives of the Central Bank of Iraq to meet the needs of citizens to him." mm Views 37 Date Added 11/12/2016 - 9:39 last updated 12/11/2016 - 11:46 No. Content 5777 4 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted November 12, 2016 Report Share Posted November 12, 2016 You sell that dollar taking more dinar off the street. I am liking this to help reduce the note count. 4 Quote Link to comment Share on other sites More sharing options...
yota691 Posted November 12, 2016 Author Report Share Posted November 12, 2016 Rivers: widespread demand witnessed in branches selling the dollar by 3000 to $ 1200 for one dollar Saturday 12-11-2016 | 7:55:54 And k / d p Twilight News / Rafidain Bank said on Saturday that allocated to sell the dollar branches saw a high turnout of people in conjunction with the release of bank dollar selling them for travel for medical treatment, study and Hajj and Umrah and other Reasons. Press office of the bank said in a statement responded to the Twilight News, that the bank fired selling the dollar for the citizens by 3000 per person compared to 1200 Dnyar for one dollar and according to the terms set by the bank, which have a valid excuse to travel in order to (medical treatment, study or Hajj and Umrah and Tourism and Alaivadat official and other reasons), indicating that these conditions committed by the bank based on the directives of the Central Bank of Iraq to meet its citizens' needs 2 Quote Link to comment Share on other sites More sharing options...
Mammaw Posted November 12, 2016 Report Share Posted November 12, 2016 Good morning Yota. Looks like they are bringing in more and more dinar. Hope they are getting ready for the RV and trying to take more of the D off of the streets. Going to be a lot of upset people if so. 2 Quote Link to comment Share on other sites More sharing options...
magawatt Posted November 12, 2016 Report Share Posted November 12, 2016 Those now trading dinars for dollars are going to be so pizzed off post RV. THAT COULD BECOME A PROBLEM. 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted November 12, 2016 Author Report Share Posted November 12, 2016 Rafidain Bank: widespread demand to sell the dollar for citizens History of edits:: 12/11/2016 8:52 • 141 visits readable [Where - Baghdad] Rafidain Bank said allocated to sell the dollar branches saw a high turnout of citizens in conjunction with the release of bank dollar selling them for travel for medical treatment, study and Hajj and Umrah and other Reasons. And the press office of the bank in a statement received by all of Iraq [where] a copy of the "bank fired citizens to sell the dollar rate of three thousand dollars per person compared with 1200 Dnyar for one dollar and according to the terms set by the bank which is to have an excuse to travel in order to cure or study or Hajj and Umrah and tourism official deputations and other reasons. " he noted that" these conditions committed by the bank based on the directives of the Central Bank of Iraq to meet citizens need him. " 3 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted November 12, 2016 Report Share Posted November 12, 2016 The last article states, "Rafidain Bank said allocated to sell the dollar branches saw a high turnout of citizens in conjunction with the release of bank dollar selling them for travel for medical treatment, study and Hajj and Umrah and other Reasons." Here is a link to a 2014 UNDP article stating the average annual income is about $7,100 per capita. For them to exchange 3.6 million IQD for 3,000 USD would take about 5 months of a wage earner's income. http://www.iq.undp.org/content/iraq/en/home/countryinfo.html If there were nominally 33.8 trillion dinar held by all of the Iraqi citizens with 33.8 million people (from the article), then each Iraqi man, woman, and child would have 1 million IQD. So, looks like the IQD chunky money could vanish quickly from the Iraqi populace! The IQD just may be getting sucked up faster than we can imagine for even "other reasons". The Hajj alone is a big deal since every Muslim must make a pilgrimage to Iraq at least once in their life time. 5 Quote Link to comment Share on other sites More sharing options...
davis411 Posted November 12, 2016 Report Share Posted November 12, 2016 5 minutes ago, Synopsis said: The last article states, "Rafidain Bank said allocated to sell the dollar branches saw a high turnout of citizens in conjunction with the release of bank dollar selling them for travel for medical treatment, study and Hajj and Umrah and other Reasons." Here is a link to a 2014 UNDP article stating the average annual income is about $7,100 per capita. For them to exchange 3.6 million IQD for 3,000 USD would take about 5 months of a wage earner's income. http://www.iq.undp.org/content/iraq/en/home/countryinfo.html If there were nominally 33.8 trillion dinar held by all of the Iraqi citizens with 33.8 million people (from the article), then each Iraqi man, woman, and child would have 1 million IQD. So, looks like the IQD chunky money could vanish quickly from the Iraqi populace! The IQD just may be getting sucked up faster than we can imagine for even "other reasons". The Hajj alone is a big deal since every Muslim must make a pilgrimage to Iraq at least once in their life time. excellant point thanks suck up the money guys davis needs new boots 2 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted November 12, 2016 Report Share Posted November 12, 2016 43 minutes ago, davis411 said: excellant point thanks suck up the money guys davis needs new boots Yeah, I was thinking of putting my boots on the ground over there to git 'er done so we can let 'er buck! 2 Quote Link to comment Share on other sites More sharing options...
unirod Posted November 12, 2016 Report Share Posted November 12, 2016 Still a dangerous place to be making a pilgrimage with cash on your person! And the prices on everything go up for pilgrims as the merchants and religious money changers are out to feed! IMO 1 Quote Link to comment Share on other sites More sharing options...
sandfly Posted November 13, 2016 Report Share Posted November 13, 2016 Thanks 2 Quote Link to comment Share on other sites More sharing options...
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