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Official Central Bank of Iraq (CBI) Dinar Rate:
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11-25-2014 Newshound Guru wmawhite IMO...the CBI will change the staus of the IQD when it is ready...when it has what it needs in place (worldwide). Remember, the CBI is working with numerous financial entities around the globe to do this. Remember, the IQD will be a product of Iraq and the CBI is the store. Through all of these trade agreements that Parliament has been signing is lining up the eventual customers that the CBI will need to help strenghten the IQD. I look at what we see today and compare it to 4 1/2 years ago and this is great. What we don't hear is the fact that Iraq still has foreign companies coming into Iraq to do business. They know what is coming. Growth.
11-25-2014 Intel/Newshound Guru tman23 I was told...that in Iraq "financial resource centers" usually open at 7:30 am and close 3;30pm....Today notices are on doors that they open at 8am and will be operating extended hours to 11;30 pm...This is confirmed!! Don't know hours of operation tomorrow etc...but they are working double shifts today...People in Jordan and Lebanon have cards loaded with salaries but cannot get money and cannot travel to Iraq...so I suspect that this may have to do with the Mastercard being accepted outside of Iraq to ease the burden on displaced citizens...I know they said the limit of cash per day on transactions is $3,000 per day cash withdrawal...$4,000 internet purchases...and 10,000 in Iraq marketplace...so this is using a "card"...(not necess...a Qi card).
11-25-2014 Newshound Guru My Ladies OUR OPINION IS WITH OUT BANKING BACKBONE OIL AND GAS HAS NO WAY OF BEING OPERATIONAL. IRAQ IS GOING THROUGH A TOTAL REBIRTH. WE NEED TO MOVE WITH THE PROCESS NOT TRY TO TURN THE PROCESS INTO WHAT WE WANT IT TO BE. IS OUR INVESTMENT SOUND? IN OUR OPINION...YES IT IS! THERE IS A HUGE STRATEGY IN PLACE...AND HAVE A PLAN. THAT PLAN WAS NOT CONSTRUCTED TO FAIL. [post 3 of 3]
11-25-2014 Newshound Guru My Ladies THE CBI HAS A STRATEGY IN PLACE. THE CBI IS WHERE THE KEY TO OUR INVESTMENT IS. NOW UNDERSTAND PLEASE OIL AND GAS HAS ITS PLACE AND SO DOES THE AIRPORT AND THE EXCLUSIVE USE OF DINAR AND YES THE ECONOMIC REFORM, BUT IT ALL STARTS AND STOPS WITH THE CBI. AND WHAT DOES THE CBI CONTROL? THE BANKING SYSTEM, BOTH PUBLIC AND PRIVATE. AND WHAT IS NECESSARY TO KEEP THESE BANKS OPERATIONAL AND MOVING INTO THE NEW MONETARY SYSTEM? INTO THE NEW INTERNATIONAL SYSTEM? AN INFRASTRUCTURE AND LAWS. [post 2 of 3....stay tuned]
11-25-2014 Newshound Guru My Ladies THE HCL…OH MY GOSH…THIS LAW IS NOT THE SALVATION OF IRAQ. IT IS IMPORTANT BUT ...THERE ARE OTHER LAWS OF EQUAL IMPORTANCE AND THEY DIRECTLY AFFECT THE BANKING SYSTEM. IT WAS ALREADY DECIDED THAT THE GOI WOULD NOT INVENT NEW LAWS, WOULD NOT WRITE NEW LAWS INTO THE CONSTITUTION...THAT THEY WOULD JUST GO WITH THE ORIGINAL OIL AND GAS LAW OF 2007 WITH MORE MUTUALLY AGREED UPON NUMBERS BETWEEN KURDISTAN AND GOI INSERTED. [post 1 of 3....stay tuned]
11-25-2014 Newshound Guru Millionday THEY ARE WORKING TO GET PAST BANKING WORKERS AND PRESENT TRAINED IN GLOBAL BANKING ETC. THEY ARE NOT ONLY MEETING TOMORROW AND IN PARLIAMENT TO PASS ALL THE LEGISLATION THEY HAVE FOR BANKING FOR IRAQ BUT ARE ALSO PASSING THEIR GLOBAL BANKING LAWS AS WELL FOR INTERNATIONAL COMPLIANCE. THE UN ANNOUNCED PUBLICLY --- THE IRAQI REFORMS HAVE BEGUN...NO LIST OF WHAT LEVELS BUT OBVIOUSLY THE BANKING ANYWAY. THE PRESIDENT HAS MADE IT VERY CLEAR THAT THEY ARE WILLING AND WANTING TO OPEN TO THE ENTIRE GLOBE WITH ITS ENTRY -- THEY ARE WELCOMING ALL THAT THEY CAN WITH THEIR INTERNATIONAL RECOGNITION. WE ARE IN A GREAT PLACE AND IRAQ IS MOVING FORWARD... [post 2 of 2]
11-25-2014 Newshound Guru Millionday TODAY [MONDAY] THE NEWS IS THAT THEY HAVE CALLED FOR ALL BANKING AND ECONOMIC LEGISLATION TO BE ACTIVATED/PASSED OR WHATEVER IT TAKES TO PUT IN PLACE -- THIS IS LOCAL BANKING AND GLOBAL AND TO GO GLOBAL FOR THE MARKET. THIS LEGISLATION...AS FAR AS LAWS WENT AND TOLD US IN INK THAT IT WOULD COME IN THREE PHASES -- THE FIRST IS ECONOMIC. TOMORROW [TUESDAY] WE HAVE NEWS OF A HUGE HUGE MEETING TO BEGIN AND ALL ABOUT IRAQ ECONOMICALLY AND FOR TRADE WITH MANY COUNTRIES. THEY ARE SAYING IS THEY ARE HUSTLING TO GET THE PRIVATE BANKS UP TO THE PLACE THAT THE INVESTMENT BANKS AND GLOBAL BANKS ARE AT THIS POINT WITH THE DEVELOPMENT AND BANKING REFORM SO THEY TOO WILL BE MAKING REVENUES AS THEY SHOULD AS SOON AS POSSIBLE. [post 1 of 2....stay tuned]
11-25-2014 Newshound Guru Bondlady Article: "Saleh: The government is determined to apply the laws of economics" they passed some laws but couldn't open them cause it needed other laws to go with them to make them work right...so many of these laws are connected to each other in some way or form...you couldn't just activate 1 with out activating most of them. Shabibi told them for years these laws had to be done before he would change the rates...
11-25-2014 Intel/Newshound Guru Backdoc AS WE ALL KNOW BY NOW, THE WORK ON HCL HAS BEEN DONE FOR AWHILE NOW, SO WHY NOT BRING IT OUT AND APPLY THE LAW? BECAUSE OTHER IMPORTANT LAWS NEED TO BE READY TOO! BASED ON TODAYS ARTICLES IT APPEARS THAT WE ARE COMING TO THE END QUICKLY. WHAT BETTER WAY COULD YOU CONCLUDE THE INTRODUCTION TO THE RULE OF LAW AND THE IMPLEMENTATION OF ALL THE OTHER LAWS WHICH WILL ACTIVATE THE PRIVATE SECTOR, AND IMPLEMENT THE MONETARY REFORM? ANSWER! A DAY OF NATIONAL RECONCILIATION! BY THE WAY I BELIEVE THAT IS SLATED FOR THURS. IF I REMEMBER CORRECTLY! COULD THE CONCLUSION TO THE AMNESTY LAW ALSO BE THE BEGINNING OF A NEW IRAQ? JUST A THOUGHT SINCE THEY SAID THEY WOULD DO ALL 4 OF THE IMPORTANT LAWS ALL AT ONCE!
11-25-2014 Intel Guru DC [via zebragirl] In the news...TV, etc., it’s quite simply stating ...that the CBI says it’s ready, and the Prime Minister and his Finance Ministers, etc., have come on board, said OK...we request that the CBI remove the zeros immediately. And that has been playing for the past two days... The CBI is also responding saying we’re absolutely ready to implement the three-zero reform and complete the currency reforms immediately...the pressure is immense for everything to go on and get done...Iraq is ready to get this done right now.
11-25-2014 Intel Guru Frank26 [via Bulldogford65] IMO, the HCL (hydrocarbon law) is done...the HCL only needs to be implemented, it’s done, passed and ready to go... The HCL = The End, IMO ...laws are needed to complete the MR, (Monetary Reform) and we have been seeing evidence of these laws... There is a meeting in Turkey that is extraordinary, bringing all the parties together to finish the MR, and we may see the parliament do something with laws tomorrow [Tuesday], but if not, don’t be discouraged, it’s coming. The citizens know what is happening and what is coming...the businesses coming in to Iraq know it also, and the whole world knows it.
11-25-2014 Newshound Guru Stryker ...Member of Parliament, Hadi Dalimy...announced that the House does not require a legislative holiday and will continue to work in adopting the important laws through December. This is what needs to be done if they/we have a chance to see the RV take place January 1, 2015. Parliament will be back in session tomorrow [Tuesday], reading more important laws which will help Iraq regain global status.
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11-24-2014 Newshound Guru Millionday Article quote: "The director of the Department of Foreign Economic Relations at the Ministry Hashim Mohammed Hatem said in a statement that he "will be on the sidelines of the meeting schedule the views and proposals and comments to member states, to expand environmental trade between the member states of the Organization of Islamic Cooperation..." ...THIS IS NOT A RUN OF THE MILL MEETING -- THIS IS ALL ABOUT THE SIGNING OF INTERNATIONAL AGREEMENTS --- SIGNING... OBVIOUSLY THIS IS THE AGREEMENTS OF THE IRAQ AND THE MEMBER STATES OF THE ISLAMIC COOPERATION ORGANIZATION. IT IS A VERY EXCITING TIME RIGHT NOW...
11-24-2014 Intel Guru TNT Tony On tv NOW in Iraq, assistant to PM saying that this economic reform that is underway will be over by dec 1st.
11-24-2014 Newshound Guru Aggiedad77 If ever Iraq were on a "fast track" with anything...It appears they are attempting to "fast track" the HCL. All parties...and I mean "all parties" seem to have a vested interest in success. I can't recall if we've ever seen such a focused effort on anything this positive across Iraq.
11-24-2014 Newshound Guru Millionday [is the new law using dinar only implemented?] YES. THEY COMPLAINED ABOUT THE AIRPORT USING US DOLLAR THE OTHER DAY AND TO REALLY LOCK IT DOWN AS THE ONLY CURRENCY. THIS IS BEING TOLD IN PRESS STATEMENTS TO THE CITIZENS AS WELL. DURING PRAYER AND ALSO ON THEIR TELEVISION ARE MANY REPORTS AND STATEMENTS BEING RELEASED TO CITIZENS THAT THEIR NEEDS ARE BEING MET IN THE VERY NEAR FUTURE. [post 3 of 3]
11-24-2014 Newshound Guru Millionday ...10 FINANCIAL INSTITUTIONS HAVE RECENTLY MET THE CHALLENGE OF COMPLIANCE INTERNATIONALLY WITH ALL THEY HAD TO DO -- THEY WERE LISTED ON THE ISX SO MANY ARE WORKING HARD TO BE ABLE TO GROW AS WELL DUE TO THE OPENING OF IRAQ TO THE GLOBE. ...THE LAWS THEY HAVE WRITTEN WHEN IT IS TIME TO GO TO GLOBE ARE NEEDING TO BE PUT IN PLACE FOR IRAQ TO GO BACK TO THE GLOBE. [post 2 of 3....stay tuned]
11-24-2014 Newshound Guru Millionday THEY ARE CALLING FOR THE MARKET ECONOMY AND THE OPENING TO THE GLOBE WITH THE DINAR SET FOR TRADE. THEY OF COURSE PLAN TO USE THEIR BANKS IN THE DEVELOPMENT AND HAVE ALSO DEVELOPED THEIR STATE BANKS WITH THE HELP OF THE WORLD BANK. Quote: "The committee is working on legislation to restructure the banks and government Rafidain and Rasheed to free them from the domination of the Ministry of Finance and imbedded two major banks competitors for local and foreign banks law," adding that "this project will be submitted to the Presidency of the Parliament in the next few days for discussion and voting on it." THIS IS NOT JUST BANKING LEGISLATION BEING FINALLY PUT TO LAW BUT ALSO THE FOREIGN BANKING LAWS AS WELL -- HUGE. [post 1 of 3....stay tuned]
11-24-2014 Newshound Guru tlm724 "Saleh: The government is determined to apply the laws of economics" I think Saleh advising Abadi on all these economic laws is a huge bonus for us. Saleh KNOWS about how to get them passed...if I was Abadi I would want someone just like Saleh in my pocket...he also knows how Shabibi wanted things done to open the doors for an increase in the value of the dinar!
11-24-2014 Newshound Guru Millionday [With all these new laws in place now, do you think they will wait till Jan 1st, just easier in their books?] A PLAN THIS HUGE HAS NO GREAT DATE THAT WILL IMPACT THE CALCULATION OF THEIR ENTRY UNLESS THEY CONTINUE TO SIT ON THEIR HANDS -- THEN THAT WILL BEGIN TO EFFECT THEIR COUNTRY AND NOT IN A GOOD WAY -- ECONOMICALLY THEY HAVE TO GET THEMSELVES BACK IN THE GAME IMO -- WITHOUT IT THEY REMAIN SECLUDED AND WITHOUT GROWTH POTENTIAL.
11-24-2014 Intel Guru Backdoc Article quote: "Mohammed Saleh, Sunday, that the government will adopt the budget in 2014, with some adjustments for 2015, stressing that the budget next year is the most difficult on budgets." I SEE NO RATIONAL WAY TO ADOPT THE BUDGET WITHOUT A RATE!! BEFORE THE END OF THE YEAR SOUNDS NICE!!
11-24-2014 Newshound Guru Aggiedad77 I think we are seeing Iraqi laws aligning themselves...one right after the other...some obviously more critical than others...but they are forming together within the COM and Parliament...Be on the lookout for laws to start jumping like popcorn...both federal level laws as well as laws that provide more power and clout to the provinces and local governments. PM Abadi is calling for a large meeting in the near future...we don't have a date yet, but many great political minds will be gathered to work on reconciliation at the state level... they are proving great evidence of cooperation and immense levels of integrity at all levels. Never before have we seen such a long continuous run of good work and information coming out of Iraq.
11-24-2014 Intel Guru EXOGEN WHAT IRAQ IS DOING IS IMF PROTOCOL NOW. THE USA WILL ALWAYS HAVE A DEGREE OF INFLUENCE IN IRAQ BASED ON EXECUTIVE ORDER 13303. WHAT WE HAVE IN OUR FAVOR IS WE ARE NOW APPROACHING IMF ARTICLE VIII. [See the possible "to do list" in the Dinar Guru Resource Bar on the left.]
11-24-2014 Intel Guru Jester THIS THING IS WRAPPING UP... IT IS NOT GOING TO GO THE WAY EVERYONE OUT THERE SAYS... THEY WILL ERRONEOUSLY REPORT EVERYONE GOING TO THE BANK ON THIS DAY OR THAT DAY AS YOU ARE SEEING EVEN NOW...BUT IT WILL NOT HAPPEN THAT WAY... THE LEGITIMATE GROUPS ARE GOING TO TAKE SOME TIME... THEY ARE HUGE... IT WILL NOT BE DONE IN AN INSTANT... THE RV COULD BE IN 2015... PUBLIC WILL BE SOMEWHAT AFTER THE GROUPS... AND THAT TIME FRAME IS PROBABLY REASONABLE...THE INFORMATION AND TIMING WE HAD LAST YEAR FOR AROUND THANKSGIVING ACTUALLY DID HAPPEN... MOST PEOPLE DON'T KNOW THAT... BUT IT DID... AND THEN WAS STOPPED FROM GOING ANY FURTHER... THOSE PEEPS ARE STILL WAITING... AS WE WERE AT THE TIME... WOULD NOT SURPRISE ME A BIT IF THEY DID NOT HAVE THE SAME TIME FRAME IN MIND FOR THIS TIME.
11-24-2014 Newshound Guru Millionday [DON'T YOU AGREE THEY HAVE ALL STATED LETS GET R DONE?] I AGREE -- WITH SO MANY SIGNED AGREEMENTS -- PER THE TEMP HCL -- THEY NEED TO LEAP -- GOOD POINT. [is the Temp HCL enough for CBI to RV, or is CBI looking for final HCL?] THE TEMP HCL IS ABOUT THE ECONOMIC SIDE OF THE OIL PRODUCTION AND THE REST IS CONSTITUTIONAL WHICH WILL BE EASY TO RESOLVE AT THIS POINT BUT THE SIGNED HCL NOW IS STANDING AGREEMENT AND LEGAL REPORTABLY. [...in your opinion (according to the ink) are they (banks) ready to go now?] CBI ANNOUNCED THAT THEY WERE. [post 2 of 2]
11-24-2014 Newshound Guru Millionday [ARE THEY FINISHING THE 14 BUDGET?] THEY ARE SPEAKING AS IF IT IS DONE BY WHAT I SEE AND ALSO ARE SENDING OR HAVE SENT THE NEXT YEARS TO PARLIAMENT AS WELL. [THE ACTIVATION OF FUNDING TO GET ROLLING AGAIN IN BUSINESS, this is going to need a reality rate?] THIS WILL NEED A FAIR PRICE FOR THE DINAR CALCULATED BY THE REALITY OF ITS VALUE -- NOT IMPOSED. [does it sound like they are waiting on the 2015 budget to be finished to include the activation?] NO. [post 1 of 2....stay tuned]
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