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CBI Daily Auction & Currency Exchange Rates - Executed Sunday - 10/17/2021 for Tuesday - 10/19/2021


ronscarpa
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Sunday - October 17, 2021

CBI - The results of the foreign currency sale window for Tuesday, 10/19/2021, and executed today

Announcement No. (4507)

Sale date - Tuesday 19/10/2021 and executed today

Details
  Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)
74,451,898
Total sale cash
63,390,000
Total sale  amount
137,841,898

Note that:

  • The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar.
  • The cash sale price is ( 1460 ) dinars per dollar.

Link: » The Central Bank of Iraq’s foreign currency sales schedule Tuesday 10/19/2021 and implemented today

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CBI Currency Exchange Rates
Sunday - 10/17/2021

 

Currency Converter

US dollar USD 1460,000
Euro EUR 1693,892
Pound sterling GBP 2001.587
Canadian dollar CAD 1180.084
Swiss franc S.FR 1586.957
Swedish krona SEK 168,617
Norwegian krone NOK 172.973
Danish krone DKK 227,655
Japanese yen JPY 12.877
Chinese Yuan CNY 226.828
Australian dollar AUD 1078.648
Special drawing rights SD 2062.089
Gold for 24-ounce Gold 2608115.000

 

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( IQD Rates - Updated: Sunday - 10/17/2021

Official Central Bank of Iraq (CBI) Dinar Rate:
1460 IQD to 1 USD

Dinar Market Rate: (CBI last reported 8/11/2021) ** Still No Change Noted on CBI.IQ **
1478.744  IQD to 1 USD      

- Rates Are Within IMF 2% Rule: YES... (Rate is at 1.28383%) Started 16 June.
- Are Rates IMF 2% Rule Compliant for 90 Days: YES --  "123" days in compliance..!

:salute:Have a Blessed  Day Everyone - GOD is Good &  Faithful..! RON 

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so much for so called reliable information! One thing that was mentioned on broadcast TV! A TV preacher & teacher Perry Stone, implied on his broadcast today that the Iraqi dinar was a scam. I thought it was interesting that he would come out with that opinion today! Now we know they are not stopping the auctions! Looks like we are going to 2022! JMHO! :cowboy2:

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52 minutes ago, Artitech said:

so much for so called reliable information! One thing that was mentioned on broadcast TV! A TV preacher & teacher Perry Stone, implied on his broadcast today that the Iraqi dinar was a scam. I thought it was interesting that he would come out with that opinion today! Now we know they are not stopping the auctions! Looks like we are going to 2022! JMHO! :cowboy2:

Your humble opinion hasnt amounted to much.  You literally said this 10 days ago...¨ I believe that they are Article 8 complaint and they can RV / RI at anytime the cbi wants to!¨  How can you go from one extreme opinion to the complete opposite so quickly?  Perhaps you shouldnt listen to people like Perry Stone that SELLS religion.  The Bible tells us that if we receive free then give free.  Anyone selling stuff is a charlatan.

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I would think the reason this Perry Stone got involved in this, is because he probably is a disgruntled investor.  I am not completely sure that there are a ton of people who really know about this investment, or there are people who have been out there with negative opinions of this investment.  Either way I don't pay attention to them.  I have invested what I am comfortable with, and it is just sitting waiting for something to happen...good or bad.  No Problem!!

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12 hours ago, PrehistoricMan said:

Your humble opinion hasnt amounted to much.  You literally said this 10 days ago...¨ I believe that they are Article 8 complaint and they can RV / RI at anytime the cbi wants to!¨  How can you go from one extreme opinion to the complete opposite so quickly?  Perhaps you shouldnt listen to people like Perry Stone that SELLS religion.  The Bible tells us that if we receive free then give free.  Anyone selling stuff is a charlatan.

You are about the biggest knothead on this site! Go soak your head! 

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6 hours ago, NWGUY said:

I would think the reason this Perry Stone got involved in this, is because he probably is a disgruntled investor.  I am not completely sure that there are a ton of people who really know about this investment, or there are people who have been out there with negative opinions of this investment.  Either way I don't pay attention to them.  I have invested what I am comfortable with, and it is just sitting waiting for something to happen...good or bad.  No Problem!!

I don’t know what his connections to the dinar are! I don’t really believe he knows what he is talking about, as far as the dinar goes! I do remember back in 2008 or 2009 that the dinar investment was being circulated throughout various churches and organizations with Christian ties! Your observation of Perry is probably right on target, because I do know he has purchased a lot of land and doing a lot of building on the property he purchased! I think today Monday the 18th of October was a banking holiday there in Iraq! We possibly could still see the auctions stopped beginning on Tuesday! As far as my statement about what Perry said, it was just that I thought it unusual for him to mention this investment on his National broadcast, in conjunction with the auctions, supposedly being stopped. They still may stop them.  I’m like you the money I invested was a long time ago and has been gone for over 12 years! Plus the money I have invested with Adam! I’m riding this horse till it dies! I do believe Iraq is Article 8 complaint and can RV anytime they want to! JMHO 🤠

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The Application Of The Money Laundering Law Reduces The Sales Of The Currency Auction After Years Of Disabling It

Politicians' Banks Withdrew For Fear Of Scandal

10/17/2021 | 7:06 pm

The Iraqi Observer / Mushtaq Al-Hasnawi … 

The Central Bank’s sales decreased significantly, in hard currency, to record 52 million dollars, with the entry into force of the new instructions of the bank regarding sales of hard currency and a drop by 74.76% of the total sales that rose recently due to the knowledge of banks and participants in the currency auction to apply The decision issued on September 26 last, which is implemented as of yesterday, Sunday, October 17, and these instructions are in implementation of the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015, which explains the great demand for currency purchase before the date of the application, which exceeded two billion dollars during the past month, which shows that the sales of the Central Bank were subject to the process of money laundering by the participants in the auction over the past years, which confirms our previous reports of the existence of money laundering operations through the auction.

The decision, although much delayed due to the complicity of the former and current central governors, but limits the smuggling of funds abroad, and does not eliminate them. What happened in the last auction sessions was the sale of 52 million dollars, 51 million of which went abroad under the pretext of covering balances and remittances, which confirms that the process Smuggling continues and with the knowledge of the Central Bank administration, the recognition of money laundering operations came after the pressures of some international financial institutions that Iraq seeks to implement its conditions in exchange for obtaining new loans, despite the current financial abundance. 

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the new Central Bank instructions regarding the sale of foreign currency come within the framework of combating money laundering. 

Saleh said; “The new instructions of the Central Bank regarding the sale of foreign currency come within the framework of combating money laundering, by increasing the procedures for checking and disposing of foreign currency,” noting that “there is a lot of talk being said about the currency auction and the money that comes out of it.” 

Saleh added that "the Central Bank is keen on the foreign currency to go to the beneficiary that benefits the Iraqi economy through high governance and transparency, which is a global international context, not just Iraqi," noting that "not to be afraid of these instructions as long as the transactions are sound and clean." 

Saleh stressed that "there is no fear of the Central Bank's actions as long as this currency is going in the right way." 

To learn more about this, the financial expert Sami Salman confirmed, in connection with the (Iraqi Observer): that what is happening in the currency auction of money laundering operations was with the knowledge of all the governments that successively ruled the country, which caused very huge financial losses to Iraq as a result of negligence in laundering operations money, and today the auction recorded the first decline this year in selling the dollar, which exposes the role of the bank's governors in covering up the currency auction, especially if we know that the participants are banks affiliated with the political elites. 

And between: The implementation of the money laundering law of 2016, even if it came late, is an attempt to save the country from currency smuggling practiced by the participants in the currency window. 

For his part, the economic affairs specialist, Jassim Al-Ugaili, confirmed in contact with the (Iraqi Observer): that what is happening is the biggest scandal in the history of Iraq and reveals the duplicity of the current government and its acceptance of money laundering resulting from the theft of the funds of fictitious projects and others, in great complicity in the failure to implement anti-money laundering decisions , Despite its issuance more than six years ago, it remained trapped in the drawers. 

He explained: that despite the establishment of special anti-money laundering offices in the Central Bank, which was a cover to pass the theft of Iraq's money, and today matters have been exposed due to the implementation of the IMF's decisions to borrow again.

https://www.almuraqeb-aliraqi.org/2021/10/17/312364/

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On 10/18/2021 at 5:55 PM, Carrello said:

The Application Of The Money Laundering Law Reduces The Sales Of The Currency Auction After Years Of Disabling It

Politicians' Banks Withdrew For Fear Of Scandal

10/17/2021 | 7:06 pm

The Iraqi Observer / Mushtaq Al-Hasnawi … 

The Central Bank’s sales decreased significantly, in hard currency, to record 52 million dollars, with the entry into force of the new instructions of the bank regarding sales of hard currency and a drop by 74.76% of the total sales that rose recently due to the knowledge of banks and participants in the currency auction to apply The decision issued on September 26 last, which is implemented as of yesterday, Sunday, October 17, and these instructions are in implementation of the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015, which explains the great demand for currency purchase before the date of the application, which exceeded two billion dollars during the past month, which shows that the sales of the Central Bank were subject to the process of money laundering by the participants in the auction over the past years, which confirms our previous reports of the existence of money laundering operations through the auction.

The decision, although much delayed due to the complicity of the former and current central governors, but limits the smuggling of funds abroad, and does not eliminate them. What happened in the last auction sessions was the sale of 52 million dollars, 51 million of which went abroad under the pretext of covering balances and remittances, which confirms that the process Smuggling continues and with the knowledge of the Central Bank administration, the recognition of money laundering operations came after the pressures of some international financial institutions that Iraq seeks to implement its conditions in exchange for obtaining new loans, despite the current financial abundance. 

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the new Central Bank instructions regarding the sale of foreign currency come within the framework of combating money laundering. 

Saleh said; “The new instructions of the Central Bank regarding the sale of foreign currency come within the framework of combating money laundering, by increasing the procedures for checking and disposing of foreign currency,” noting that “there is a lot of talk being said about the currency auction and the money that comes out of it.” 

Saleh added that "the Central Bank is keen on the foreign currency to go to the beneficiary that benefits the Iraqi economy through high governance and transparency, which is a global international context, not just Iraqi," noting that "not to be afraid of these instructions as long as the transactions are sound and clean." 

Saleh stressed that "there is no fear of the Central Bank's actions as long as this currency is going in the right way." 

To learn more about this, the financial expert Sami Salman confirmed, in connection with the (Iraqi Observer): that what is happening in the currency auction of money laundering operations was with the knowledge of all the governments that successively ruled the country, which caused very huge financial losses to Iraq as a result of negligence in laundering operations money, and today the auction recorded the first decline this year in selling the dollar, which exposes the role of the bank's governors in covering up the currency auction, especially if we know that the participants are banks affiliated with the political elites. 

And between: The implementation of the money laundering law of 2016, even if it came late, is an attempt to save the country from currency smuggling practiced by the participants in the currency window. 

For his part, the economic affairs specialist, Jassim Al-Ugaili, confirmed in contact with the (Iraqi Observer): that what is happening is the biggest scandal in the history of Iraq and reveals the duplicity of the current government and its acceptance of money laundering resulting from the theft of the funds of fictitious projects and others, in great complicity in the failure to implement anti-money laundering decisions , Despite its issuance more than six years ago, it remained trapped in the drawers. 

He explained: that despite the establishment of special anti-money laundering offices in the Central Bank, which was a cover to pass the theft of Iraq's money, and today matters have been exposed due to the implementation of the IMF's decisions to borrow again.

https://www.almuraqeb-aliraqi.org/2021/10/17/312364/

 

 

Thank you Carrell...You are awesome as usual!  Thanks....:twothumbs:

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