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Showing results for tags 'exchange rate.'.
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here's an article from Dinarland... Article suggests one month to change the ER. What is not known is at what rate. Treat as a rumor. Not verified. Your opine. BondLadys'Corner via TLM274: ARTICLE: A Parliamentarian Reveals The Date Of The Decline In The Dollar Exchange Rate. A member of the House of Representatives, Baqir Kazem, revealed, on Saturday, the new measures taken by the CBI in order to reduce the exchange rate in the local markets, while confirming that the rise in the price of the dollar will decrease within a month from now. Kazem said in an interview, “The CBI is working to form a new appropriation department for the import of goods in order to control the parties that used to monopolize the dollar in the local markets,” noting that “these measures came after the escalation of smuggling operations in the previous period, which led to the rise that is happening.” right Now”. He continued, “The high exchange rate these days will not last more than a month after the new procedures that are being implemented by the CBI,” noting that “the latter will work to sell the dollar to merchants in the circle of new credits, at subsidized prices, directly.” He noted that “the reason for the increase is that many merchants transfer millions of dollars to money exchangers & fake companies working to smuggle it out of Iraq,” stressing that “the exchange rate after the new procedures will settle at 146,000 Iraqi dinars for 100 dollars.” The PM called for “opening the file of the currency auction, the exchange rate & the state of chaos in the markets within the agenda of the next cabinet session & taking immediate & urgent measures to address this file, which has become an unacceptable door to corruption & waste of public money.” The Finance Committee in the House of Representatives attributed earlier the reasons for the high price of the dollar against the Iraqi dinar to the pressure exerted by the US Federal Bank on the CBI.
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Here's an article from Dinarland... It appears the RV-RI process may be getting under way. Iraq banks say a return to the USD supply will lead to return of the exchange rate. Treat as a rumor. Not verified. Your opine. Bondlady’s Corner via TLM724: Association Of Banks: Central Bank Actions Will Return Dollar Prices To Their Rates. The Iraqi Private Banks Association announced today, Monday, that the Central Bank’s measures to increase the dollar supply through its approved outlets will lead to a return of exchange rates to their rates quickly. “The economic & political conditions & their repercussions negatively affect stability in the monetary system & the financial system & thus this will lead to economic instability & market confusion,” the association’s advisor, Samir Al-Nusairi, said in a statement, which the news agency received a copy of. Al-Nusairi added, “Several days ago, a new wave of criticism began from some media affected by rumors launched & driven by speculators in the currency exchange market with the aim of creating a state of confusion & instability & trying to drag the money market into instability & thwarting the central bank’s plans to control the target rates.” The exchange rate, which has remained stable since its adjustment to the new rates of finance, banks & the public. -
Here's an article from Dinarland... Progressing forward. The Kurds & Baghdad are on the same page. Both agree to reconsider the ER of the UDS. Treat as a rumor. Not verified. Your opine. ARTICLE: Parliamentary: Discussions & Dialogues To Reconsider The Exchange Rate Of The Dollar. The representative of the Kurdistan Democratic Party, Najwa Hamid, confirmed the parliament’s move towards reconsidering the exchange rate of the dollar.
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here's some articles from around Dinarland... IMF & WB meet with Iraq officials to hammer out differences. Al Jabbar heads Iraq delegation in Washington. CBI: We Are Not Thinking Of Changing The Exchange Rate. Theat as a rumor. Not verified. Your opine. Tlm724 via Bondlady’s Corner: ARTICLE: Abdul-Jabbar Heads A Delegation To Participate In The Meetings Of The International Monetary Fund & The World Bank In Washington. On Friday, the Deputy Minister of Finance, Ihsan Abdul-Jabbar, headed the Iraqi delegation participating in the meetings of the IMF & the WB, held in the American capital, Washington, with the participation of the Undersecretary & a number of general managers. A statement by the ministry, which a news network received a copy of, stated that “the Minister of Finance held several side meetings with a number of financial & economic institutions, on the sidelines of the meetings, during which he stressed the importance of strengthening relations with various international partners & the trend towards developing areas of regional & international cooperation.” And the minister indicated, “the efforts aimed at solving all problems and removing the obstacles that accompany the process of promoting investment opportunities and establishing projects in Iraq, stressing the need to involve the private sector to take its role in the overall economic activity to achieve comprehensive and sustainable development.” And the minister indicated, “the efforts aimed at solving all problems & removing the obstacles that accompany the process of promoting investment opportunities & establishing projects in Iraq, stressing the need to involve the private sector to take its role in the overall economic activity to achieve comprehensive & sustainable development.” According to the statement, “participation in the meetings of the Fund & the WB included: central bank governors, ministers of finance & development, senior officials from the private sector, representatives of civil society organizations & academics to discuss issues of global concern.” The statement indicated that “the visit of the Iraqi delegation comes as part of efforts to enhance & deepen the areas of economic cooperation with the two international institutions, as well as Iraq’s intention to obtain technical & technical support from the US Treasury & other financial institutions.” ARTICLE: From another source... The CBI: The Inflation Rate Is Controlled & We Are Not Thinking Of Changing The Exchange Rate. The Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, confirmed that there is no justification for thinking about changing the exchange rate of the Iraqi Dinar, especially in light of the high oil prices & foreign cash reserves, which amounted to more than 80 billion dollars, noting that the inflation rate is about 6% & is controlling. It is necessary to stabilize the Iraqi dinar exchange rate.
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here's articles from around Dinarland... The rise of the Dollar is hurting the poorest Iraqis. USD against the IQD nears 1.500. UNAMI-GOI vows to resolve the political differences. Treat as a rumor. Not verified. Your opine. Tlm724 via Bondlady’s Corner: ARTICLE: The Continued Rise In The Exchange Rate Of The Dollar Against The Dinar. The dollar exchange rates witnessed, today, Monday, a slight increase in the local markets. Selling price: 148.200 dinars per $100 purchase price: 148.150 dinars per $100. ATRICLE: The Government’s Last Chance… A Parliamentary Interpretation Of The Outputs Of The UNAMI Statement. Independent MP Salah Zaini confirmed, on Monday, that the statement of the United Nations Mission “UNAMI” today, regarding the political situation in Iraq, will be a strong motivation for forming a government. In an exclusive interview with a news agency, Zinni said, “This interest on the part of UNAMI will motivate & generate a greater desire to resolve this file & that there is a need to move in this context.” Zinni continued, “The file of the political agreement & the dialogue of all parties will be a political incentive & there are confirmed indications that the file of forming a government will be resolved within a few days.”
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URGENT: Rumors from around Dinarland... Article suggests the RV-RI may have already happened. CBI may be hiding the rate until a formal announcement is made. Treat as a rumor. Not verified. Your opine. Tlm724 via BLC: Al-Kazemi: Changing The Dollar Exchange Rate Against The Dinar Is The Most Successful Decision. ARTICLE: Prime Minister Mustafa Al-Kazemi Money & business: Economy News – Baghdad. Prime Minister Mustafa Al-Kazemi confirmed that changing the exchange rate of the dollar against the dinar is the most successful decision taken by his government. Al-Kazemi said, in an interview with Al-Monitor, which was followed by “Al-Iqtisad News,” “We reached a point where we were unable to pay the salaries of employees and retirees, but thanks to the white paper, the Iraqi economy will witness reforms.” He added that my government agreed to implement projects such as the port of Al-Faw, the construction of solar power plants, the investment of gas associated with oil production & the construction of 1,000 schools. He explained that the Central Bank’s reserves rose from 49 billion dollars to 86 billion USD & changing the Dollar exchange rate was one of the most successful decisions we took.
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Luigi found this article of Dinarian interests... Parliament Bloc: Reduce the Dollar Exchange Rate. Treat as a rumor. Not verified. Your opine. TLM24: BLC: A Parliamentary Bloc moves to lower the Dollar exchange rate. Article: Mawazine News, Today: Al Ghanzai, a member of the State of Law coalition, revealed a move by his Bloc to reduce the Dollar exchange rate.
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Luigi found this article of Dinarian interests... Direct from the throat of the Goat. The Goat is in talks with the CBI & now the UST. Treat as a rumor. Not verified. Your opine. MntGoat: I am getting information both from Iraq & from the US Treasury indicating that the formation of the new government is close at hand & will be announced soon. The rate of the dinar in the system is now over $6 however I am having a difficult time grasping my arms around this rate. I can not believe they would actually start at this rate. It…will probably come out at around $3+ or maybe low $4. But this is just my observance of studying this situation for over 17 years now.
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Luigi found this article of Dinarian interests... Treat as a rumor. Not verified. Your opine. BondLady’s Corner: Al-Fateh Alliance to / NINA /: The House Of Representatives Will Discuss The Possibility Of Changing The Currency Exchange Rate At This Time. Tuesday 08, March 2022 14:37 | political Number of readings: 198 Baghdad / NINA / - The Al-Fateh Alliance bloc revealed the timing of changing the currency exchange rate in the Federal General Budget Law of the Iraqi state. The head of the coalition bloc, MP Abbas Al-Zamili, said, in a statement to the National Iraqi News Agency ( NINA ), that "the House of Representatives discussed with the Minister of Finance and the Governor of the Central Bank the repercussions of changing the exchange rate and the increase in global oil and food prices, but some of the answers of the Minister of Finance did not generate full convictions of the deputies." Especially with regard to the difference in the financial deficit, the payment of the ruling expenditures, the dues of farmers, and the treatment of unemployment.
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Luigi found this article of Dinarian interest... Treat as a rumor. Not verified. Your opine. Militiaman; A member of the Board of Directors for the GCC states it's time to adjust the exchange rate & enhance the national currency of the IQD against the dollar. You can't make that up. It's what the people in the region are talking about...
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Luigi found these articles of Dinarian interests... Amend the 2022 Budget by amending the exchange rate. A need to pay down Iraq internal debts. Treat as rumors. Not varafied. Your opine. IQD Updates: LIKELY TO CHANGE THE DOLLAR EXCHANGE .. SALEH: THE GOVERNMENT WILL AMEND THE 2022 BUDGET. The Economic Adviser to the Prime Minister, Mazhar Muhammad Salih, said that the next government will amend the 2022 budget, although it is properly prepared by the Ministry of Finance to be one of the first tasks of the new government, indicating that those covered by Resolution 315 will continue to pay their dues because they approved a law in 2021 budget. TLM724 Administrator BondLady’s Corner: Deputy Mustafa Sanad Reveals The Amount Of Money Owed By The Iraqi Government As Internal Debts Posted On 2022-01-06 By Sotaliraq Representative, Mustafa Sanad, revealed the size of the financial sums owed by the current government as internal debts, which witnessed a remarkable increase during the past year compared to the amounts of printed cash. Sanad said, “Iraq’s internal debt rates rose during the current government period from 37 trillion Iraqi dinars to 68 trillion Iraqi dinars in just a year and a half.” Sanad pointed out that “the amount of cash printed during the same period increased from (57) trillion dinars to (78) trillion Iraqi dinars.” LINK
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Luigi found this article of Dinarian interests... Did the CBI just give us a hint of the new exchange rate. Treat as a rumors. Not verified. Your opine. 10-31-2021 Newshound/Intel Guru Mnt Goat: "At the bank branch of the Central Bank in the province of Basra, the delegation was keen to meet the staff of the branch and discuss the most important organizational matters in the work of the branch. The branch displayed large images of past & current dinars...a 1947 Dinar note with King Faisal II was shown in the Basra branch of the Central bank display. Why did they highlight this past dinar note? Look at the rate for the dinar during that time period. It's $4.86. Go figure! I do not believe in coincidences..." 10-30-2021 Newshound/Intel Guru Mnt Goat: In today’s news we hear that Sadr’s movement for the future is the “quest during the next stage to change the exchange rate of the dollar against the Iraqi dinar”. This is very good news since now we know Sadr is in favor of increasing the rate of the dinar and will support it as his candidate for prime minister must then support it too. But let’s not make a mountain out of a grain of sand and go off half-cocked thinking this means it is going to RV any day now. 10-31-2021 Intel Guru Bruce: [via WiserNow] My understanding is that in Iraq the lower denominations are already out – already in use – through their ATM’s and through their banks...
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Luigi found this article of Dinarian interests... Treat as a rumor. Not varafied. Your opine. FRANK26: CBI website down about 12:15, yesterday in Iraq. There was nothing wrong with the CBI server in TX. I believe there are many things that are being implemented right now inside the CBI because of the movement of the Exchange Rate.
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Luigi found these articles of Dinarian interests... Treat as a rumors. Not varified. Your opine. From the throat of the Goat... 2-28-2021 Newshound/Intel Guru Mnt Goat Article: "TO THE EXECUTIVE BRANCH TO THE CENTRAL BANK OF IRAQ PROPOSING THE NEED TO AMEND THE EXCHANGE RATE OF THE IRAQI DINAR TOWARDS THE US DOLLAR" Of course there are many objections to the 1450 devalued rate of the dinar. They people don’t understand fully the reasons behind it. This article is pushing for just what we want... Article quote: "A new EXCHANGE RATE IS REQUIRED FOR THE IRAQI DINAR TOWARDS THE US DOLLAR, WHICH IS ONE DINAR EQUALS ONE US DOLLAR...and work in the future to return a new exchange rate. EACH DINAR EQUALS $3, AS IT WAS PREVIOUSLY." ...With oil expecting to climb way over $100 a barrel Iraq will be swimming in wealth and its an excellent time to do this... 2-27-2021 Newshound/Intel Guru Mnt Goat Article: "OIL REVIEWS THE FINAL VERSION OF THE DRAFT FEDERAL OIL AND GAS LAW" ...every time Iraq gets close to a revaluation the oil and gas and the article 140 laws comes up in the news. They talk about completing it and how close they are to passing it as law. Coincidence? I don’t think so. ...they need to fully address their new constitution before they can reinstate their currency back to normalcy. They need referendums passed in parliament on both of these constitutional directives prior to going global. Sure, they can set up all the mechanisms to do so over the years, as this takes years. But in parallel to this effort, they must also get these two laws in place.
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Luigi says... It appears Adam was right ll along. He always said the IQD would RV in the .10 cent to .50 cent exchange rate, then go up from there. Parliament is hashing out 2 IQD to $1 right now. All the other Gurus claimed a $6 to $26 exchange rate. 7-15-2020 Intel Guru Delta 2 DINAR PER $ ...THE PLAN IS...STATEMENT FROM PARLIAMENT...MORE INFORMATION SHOULD BE COMING OUT... [...are you saying the plan is for the Dinar to come out at .50 cents? 2 Dinars equals $1.00 USD.] YES THEY ARE SAYING THAT PARLIAMENT ON TV...WE SHOULD GET MORE INFORMATION...
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Luigi found this article of Dinarian interests... BREAKING...We have a new price. Treat as a rumor. Not varafied. Your opine. 6-20-2020 Newshound Guru MilitiaMan ...Alak just said, "WE HAVE A NEW PRICE"... As in past tense. That's fascinating because he's already got it ready. It's ready to go. I think the other thing he's going to come back to tell you is "when". And how does he tell you when? ...The central bank, I don't care who you are they're not gonna come out and say we're revaluing our currency tomorrow at xyz. At such and such a time. They're not going to do that...the central bank is not in the business of telling you exactly what they're going to do...they do give you a guidance...and that's what they're doing here. They're being very very careful... 6-20-2020 Intel/Newshound Guru Frank26 ...the citizens know very well what's going on...the lava flow of preparing the banking system to go international - done. The lava flow to explain to the citizens has been accomplished pretty good but it will continue long after they raise the value of the currency. Now the lava flow is spilling out around the borders and the international world already knows this...the lava flow which is unstoppable is now at the point now that the United States got involved...
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Luigi found this article of interest. Treat as a rumor until verified. Your opine. 23 Mar 2017 Bruce... Rates...I don’t normally do rates except to say my understanding is the new in-country rate of the Iraqi dinar is now over $6. Our rates should be substantially higher on our screens here. The ZIM has made a move upward on the screens of the non-NDA rate. I understand Abadi is plans to announce retake of Mosul, their restructuring of their banking system, their sovereignty of the country and the release of chapter 7, and also the reinstated dinar and revaluation of the Iraqi dinar. All those things suppose to be announced at this Arab Summit in Jordan. I know it is a big thing. We got 4 individuals from the United States there. There is also at least one Chinese representative there. There are things happening over there, and we are looking for positive news coming out of the Arab Summit.
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26 Sep 2016 BGG... BGG says():Are you guys seeing this?? OMG... Elane says():i had to step away.. yikes aminmaine25229787 says():translation please BGG says():(Just take a minute - with this... read it thru... then we'll get started) and if you tell me to read it for you - my HEAD IS GONNA' EXPLODE!! jeffjane says to BGG():LOL MadDScout says to BGG():"he said Hafiz said the deal is going on in economic circles on the text submitted an analysis of the budget in 2017 to be taken into account fundamental issues in dispute , particularly the exchange rate of the Iraqi dinar," BGG says to MadDScout():You are ready Gwass Hoppa!! jetset says to BGG():can i get the cliff notes version? (lol) MadDScout says to BGG():LOL BGG says to MadDScout():hit the nail on the head. MadDScout says to BGG():Nice report BGG says to jetset():there are a lot of different aspects of this report - but Pat nailed the biggie - for us... jetset says to MadDScout():good stuff right there! MadDScout says to BGG():Dr. Ali Keywords in a brief statement that the work is underway to set up a budget programs and re - structure accounting system and the reduction of import phenomenon and work tariffs. MadDScout says to jetset():Indeed BGG says to jetset():they are in the middle of making some final "re-workings" on the 2017 budget... one of them sounds like some different exchange rate... which is weird... how can they "decide" what the price of oil will be - or their exchange rate... unless they already know. BGG says to jetset():OK - last article... Rise in the market value of companies in the stock market BGG says():BAGHDAD / Mustafa al - Hashimi headed Iraq Stock Exchange to contract with one of the Arab corporate systems and programming for increased activation of the trading process through Alanturnt.ozkr weekly report of the Stock Exchange, seen by the «morning» he hoped the signing of the Convention in October next month and that the service is launching in quarter the first of the year 2017.
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Luigi says... It appears to be a go. The Study is complete. CBI has been handed the recommendation. Not varified. Your opine. 2-13-2015 Intel/Newshound Guru Poppy3 [Press Release: "Workshop on Price Index Compilation Issues"..."IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues" IRAQ'S INTERNATIONAL RATE IS COMPLETED! THEY WILL ANNOUNCE IT SOON TO THE WORLD.] WELL I DONT KNOW THE SOURCE THAT SENT IT TO ME BUT IT IS VERY EXCITING NEWS AND NAMES THE RIGHT PEOPLE IN CORRECT ORDER.
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Luigi says... Treat as a rumor. Not varified. Your opine. IQD to be devalued 2,000 to the USD. Drop 3 zeros=USD 2.00 per IQD. Post From BondLadys Corner BLC Admin Tlm724 News & Comments 1--5-16 Part 1 of 2 Government is moving toward raising the value of the dollar to the 200 to cover the salaries of its employees 01/05/2016 10:18 Tomorrow Press / Baghdad: heading the Iraqi government, during the current year to raise the value of the dollar against the Iraqi dinar to the 200 thousand dinars for every 100 dollars, instead of 120 thousand dinars, including an attempt to cover employees' salaries. A source in the Finance Committee of the House of Representatives, who declined to reveal his name, in an interview for "tomorrow Press", that "the central government received proposals by some parliamentary bodies and a number of ministers, requires raising the value of the dollar to the 200 thousand dinars per hundred dollars, in order to Dam and cover staff salaries, which have become the government unable to pay in light of the continuing decline of oil prices."The source added that" only the victim of this procedure is the employee, where the prices of goods will rise in full, as the Iraq imports simplest things from abroad because of the lack of industries Local and push the prices of those goods.
