Synopsis

Currency Auctions Announcement No. (3237) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraqon 11/7/2016 Implementing Day 12/7/2016 and the results were as follows: DETAILS NOTES Number of banks 18 Number of remittance companies 0 Auction price selling dinar / US$ 1182 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 24,240,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 24,240,000 Total offers for selling (US$) ----- Announcement No. (3238) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraqon 12/7/2016 and the results were as follows: DETAILS NOTES Number of banks 29 Number of remittance companies 17 Auction price selling dinar / US$ 1182 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 95,137,300 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 95,137,300 Total offers for selling (US$) ----- Announcement 3237 seems to be additional currency sold (24 MM$) for Monday, July 11, 2016 while the daily currency auctions seemed to be somewhat high lately. Hopefully today's (Announcement 3238) is the total (95 MM$) for Tuesday, July 12, 2016 and the daily currency auctions will end soon.

The article states, ""activation of international police work is the responsibility of the government and you need a high coordination with the countries in general and in particular regional," pointing out that "regional countries have not signed an agreement with Iraq to cooperate in this regard."" This should make Maliki and associates take notice for what likely will happen - soon. I suspect a few things here: The Iraqi parliament will convene on this issue specifically or as part of the slated reforms. Iraq and Iran (possibly other regional or general countries) will come to some sort of agreement on the relinquishing the corrupt to INTERPOL and not provide sanctuary for these corrupt individuals. The absconded funds by the corrupt will be returned to the country of origin. The cooperating countries will be granted some favors that will appear in the news. The biggest country in the news could be Iran. We'll see who INTERPOL rounds up and why!

The article states, ""there is an international will positive Iraq could be invested to overcome its current crisis , " explaining that "Washington DC will witness an important meeting of donor countries in the twentieth of this month of July and it is hoped to get Iraq on a good international grant to help restore stability to the liberated areas . "" July 2016 could be a telling month for how long this ride will last. The IMF, WB, and other lending institutions are one way for external money to be used in Iraq. The other is international companies finding an attractive environment to invest in Iraq that could exceed the loans that have been recently granted. The international investment could be a way to jump start the Iraqi economy in a big way. The meeting of the donor countries could be to evaluate the investment readiness for Iraq. I suspect the convening parliament starting tomorrow up to July 20 could be an indication of how the July 20 meeting of the donor countries will turn out. Time will tell.

The second article states, "said Sheikh that" the protesters deputies attending the parliamentary session tomorrow, and that the dismissal of the Speaker of parliament Salim al - Jubouri , the priority now is no longer, but that there are priorities , including reform programs and address the security flaw. "" To me, this is really good news for the parliamentary sessions. With Jabouri no longer being sought for removal as House Speaker, the parliament can get to the real business of implementing the reforms and addressing the remaining terrorist and security issues without undue restrictions or obstructions. Looks like the next few days/weeks will be pretty telling as to how the parliament will perform and how well attended. I suspect there were venues in the last couple months where various parliamentarians had a "coaching" session(s) about what is going to happen in parliament and their associated required attendance for all the sessions. I suspect the Federal Court Act will be a major issue since passing the Federal Court Act could have a significant impact on indicting various parliament and other government official's corruption with subsequent prosecution.

The article states, "For his part, stressed the economic expert Abdul Hassan al-Shammari, the Iraqi government is able to create a great economic revolution in the country because of Iraq possessed of the ingredients help him with that, pointing out that the industrial sector in Iraq is one of the largest vital sectors, but he still is not enabled form right, as well as other agricultural and tourism sectors, which will increase the state revenues instead of resorting to international loans. Al-Shammari told / KD / that it needs to be economic visions and development plans under international supervision and control of government in accordance with the mechanism and controls certain determine which projects will be implemented in order to create a massive economic revolution, as happened in some other countries, adding that Iran when it imposed sanctions international resorted to activate the industrial sector to be a major economic resource for the country getting Tehran to not affected by the economic sanctions imposed on it." Possibly, when the parliament functionally reconvenes, the industrial, agricultural, and tourism sectors will get jump started. Looks like international supervision and government control (without corruption) can get this going now. I thought it interesting they referenced Iran and what they did successfully when the international sanctions were imposed on them. The remainder of July 2016 may be very interesting!

The last article states, "the Federal Court decided during its held last June, to consider the appeal submitted Bgelsta House meetings , in April, Irrelevance in sessions that have been in them dismiss parliament speaker Salim al - Jubouri and exempt ministers and the appointment of replacements for them." The wording is a little difficult here but I take it to mean the move to replace Jubouri and install the replacement is irrelevant. I hope this is the case since there could otherwise be wrangling in the parliament once they reconvene if Jubouri is not the clear House Speaker. Looks like we'll find out next Tuesday!

www.xe.com had been stuck on 1,106.37 IQD = 1 USD since May 11, 2016 (as far as I can tell). Just now (3:00 pm CDT Wednesday, July 6), www.xe.com showed 1,181.00 IQD = 1 USD that is centered between the www.cbi.iq website Sell/Buy of 1,182.00/1,180.00. Maybe another monetary exchange mechanism is being cleaned up globally. Although the IQD appears to be losing value according to www.xe.com, I think it is a good sign that exchange rates are aligning with the CBI rates.

Hi Adam, I've always thought keeping a high quality site like DinarVets up and running so smoothly is no small feat and can be problematic, especially with directed cyber attacks - for whatever reason. So, Thank You to you and all the DV tech support for the much appreciated service for things must of us will never comprehend or know about! If nothing else, the slow response and off line times makes me appreciate this site and DV all the more. Besides, I would much rather have you afforded the time for post event opportunities you can make available for DV participants! Thank You!

i agree, OlivesMan, July is INDEED very interesting! Thank You, DinarThug, for the very compelling and optimistic article and for highlighting the key portions! This ride may just soon be over!

In the last picture, it looks like al-Maliki is saying, "Stop throwing your shoes and other things at me! I only want to be your humble ad hoc dictator, destroy your country, and kill all the infidels (meaning the masses opposed to Maliki)." With the citizens becoming more aware of the corruption behind Maliki and Sadr openly calling Maliki to account, I find it hard to imagine Maliki returning to the PM role and escape the well deserved justice upon him (Maliki). Justice can't be soon enough.

I was trying to think about the best way to get the Federal Court Act passed. Maybe Jabouri could present a bill before Parliament during a well attended and relatively stable session for a special and free falafel Eid al Fitr celebration lunch and put all the recipe items, preparations, and parliamentarian decoration descriptions in the bill to be voted on. Within the text of the bill, or maybe as an adder, is the Federal Court Act. Parliament passes. BAM! Two birds with one stone. The Federal Court Act is passed and all the bad actors get their last meal!

The last article states, "“We strongly reject the threats made by Maj. Gen. Salami and see them as inappropriate to the historic and friendly relations between Iraqi Kurdistan and the Islamic Republic of Iran,” said the Kurdistan Regional Government (KRG) on Saturday." Iraq is a sovereign state. No neighbors can at will conduct exercises on another neighbor's soil. Solemeni and his cohorts aught to be dealt with swiftly (and terminally) to prevent them fomenting more terrorist and social unrest in Iraq. All the non coalition forces (i.e. Iranian Quds, etc.) need to be expelled from Iraq immediately as well - by whatever means necessary. The terrorist and social unrest would decrease significantly if Maliki and his cohorts were also neutralized.

I agree, TennesseeCherokee. Here is an interesting and recent related article with my comment.

Looks like 1 gram of gold went from 37,747 IQD (about 910 USD) on or about March 28, 2016 to 50,434.42 IQD in this article with an increase in value of about 34%. The gold was undervalued in March of this year and now is on par with the international gold price. I suspect this is another area of corruption that has been cleaned up where people could go through a process to make money, lots of money.

The second to the last article states, "The source noted that the 'liberation of Mosul battles will starts on July 20 of the year 2016'." I am uncomfortable with the start date of the Mosul battles being published. I would like our military to have every advantage against the enemy. In this case, surprise. However, this may be the publicized battle start date, depending on what is starting. Hopefully all the ISIS leaders of various capacities are being eliminated as we speak and the July 20 date is the start of the clean up of the remaining leaderless and uncoordinated pockets of ISIS hold outs - with no casualties or harm to our or coalition forces. July 20, 1969 was the Apollo 11 lunar landing date. I wonder if the July 20 date is significant? "The Eagle has landed" (5:15 in the video clip below) again? "That's one small step for a man. One giant leap for mankind." (8:19 in the video clip below) again? If I understand the articles correctly, Tuesday, July 12 is when the Iraqi parliament convenes for the start of the next regular session. According to the article above, Wednesday, July 20 is when the battle for Mosul begins. Maybe the parliamentary period from July 12 to July 20 (and shortly thereafter) will be interesting!

I, too, had not noticed what USD I had used to obtain IQD. I probably would have bought a little nicer and more expensive vehicles that would have lost that amount in depreciation. At least what IQD I have will likely not loose value compared to what it holds for me today. I would only "loose" money if I exchange the IQD for USD before the IQD revaluation. Kinda like stock that dips below the buy price. I only loose money in the stock if I sell at a lower price. If I hold the stock until it increases in value beyond the purchase price, I make money. In my opinion, the IQD venture is way better than stocks.

Thank You, Yota, for this and all the other great articles you post! The article states, "Baghdad -arac Press -1 July: the appearance of Mohammed Saleh said the Iraqi prime minister for financial policy adviser, said Friday that the government's investment in the energy sector amounted to about $ 21 billion during the current year 2016 problem 13% of the volume of gross domestic product." I would like to see where all the $21 billion came from and went. As noted, that investment is a significant portion of the gross domestic product. If this total amount of investment is real and actually applied with little to no corruption, then (in my opinion) Iraq may be well on it's way to being able to produce more products to be traded internationally.

Here it is:

Hey everybody, here you have it. A guru saying the "Private Groups" and exchanges is a scam. If you have turned over your dinar to one of these scammers for "safe keeping" and "exchange for a higher rate, if at all" then, as stated, you can kiss the dinar good bye. For those new to DV, please exercise extreme caution in your commitments to relinquishing your IQD and the physical letting go of the IQD (800 numbers included). There are scammers out there that will tell you unheard of stories that they want you to think benefits you so you give them your dinar - with no return or will make future threats of harm to you or your loved ones.

I could be wrong but the Pope's visit to Iraq for this UNESCO function may be a cover for something else. Maybe he cleaned house on the Vatican bank and now has his sights set on the CBI and TBI? Maybe arrived early to coach the locals on the end of Ramadan Eid al Fitr celebration party favors? Passing around the Office Max type RV "DONE" buttons for everybody to push? Yep. Makes one go hmmmmmmmmmmm..................................

Yes, I am experiencing the same thing. I am OK with that if it is necessary to prevent any directed access by disrupting or malicious entities.

Likewise, Bro!

I suspect the note on the left was indicating the circled mark was not a holographic mark like on the real 50K notes. The article seems to say that the 50K notes are being counterfeited and are showing up in the market place. Here is the link to the CBI site that shows what the different notes look like. The 50K note is way at the bottom and is listed as Issue 2015. http://www.cbi.iq/index.php?pid=Banknotes

Thank You Adam and Tech Support for helping DV weather another connectivity storm! Maybe the people on the other end will just push the RV button already!