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Iraq announces the continuation of dollar selling to citizens


yota691
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25-10-2016 11:08 AM
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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. '

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A c / d p

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.

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Tuesday October 201 625 09:06
 
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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.

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History of edits:: 25.10.2016 10:25 • 2767 visits readable
Rafidain Bank called dollar selling to citizens in accordance with the guidelines and instructions
{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

 

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Rafidain Bank launches sale of the dollar in 1200 dinars


25/10/2016

Rafidain Bank launches sale of the dollar in 1200 dinars

 

 

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 / 
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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

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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.

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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
 

 

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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

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.

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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

 

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.

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  • 2 weeks later...
 
Tuesday 8 November 2016 08:50
 
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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.

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10651.jpg
   
   
separator.gif
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
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And k / d p

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

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History of edits:: 12/11/2016 8:52 • 141 visits readable
Rafidain Bank: widespread demand to sell the dollar for citizens
[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. "

 

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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.

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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

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