CBI: Iraqi Dinar to USD sales decrease in Saturday currency auction

Baghdad (IraqiNews.com) Sales of dollar by the Central Bank of Iraq and purchase of other foreign currencies went down on Saturday session to / 186 / million / 310 / thousand dollars, after being hit on Thursday / 244 / million / 818 / thousand dollars with stable exchange rate of / 1166 / dinars per dollar.

The daily bulletin issued by the Central Bank, said “The demand for dollar was ranging on today auction around the level of / 38 / million / 680 / thousand dollars which sold in cash . /End/

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Despite of militant insurgents, governor of Central Bank of Iraq assured support for Iraqi Dinar

[unable to retrieve full-text content]Iraq and the GCC in particular and the Arab countries and Middle Eastern generally need to work doubly to stop the process of money laundering and financing of terrorism because there are a lot of gaps that must be bridged.
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Experts: Iraqi dinar “at the mercy of the dollar”

Committee called for financial and economic affairs experts in the Central Bank of the need to activate the financial trading by linking the Iraqi dinar to a basket of foreign currencies and not rely mainly on the U.S. dollar, to build a diversified economy and a flexible retractable face economic crises present and future.

A member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri in an interview for “The term the main currency in the country is among the dinar offset by the U.S. dollar, which is considered the base currency in the trading process locally and globally because of its economic power, affecting most countries of the world.” He added that “the existence of a basket multiple foreign currencies greatly help to ensure resilient economy can cope with financial crises and their impact on the dinar National, where he owns a system of currency trading has many advantages, such as maintaining the rate of real exchange in the face of financial shocks and the decline in the value of the currency and avoid any exaggeration in the rate of exchange as well as the relative stability of the exchange rate of the currency, as the high value of a particular currency in the basket means lower other currencies for that currency and vice versa, “explained Yasiri that” public acceptance and how widespread the circulation of the U.S. dollar put data by which dispense with the other currencies such as the yen Japanese and European euro and other helping on their laurels citizen in a single currency more assurance than others. ”
He Yasiri that “the central bank has a responsibility shift financial dealings of the monopoly of a particular currency for the stock market to the entry of foreign currencies competition through the activation of its own laws, and that pay for more than 5 different currencies represent countries leading economic and economically strong, “and pointed to” the need to diversify reserves National from various world currencies in addition to the coins and other metal and gold in particular to support the Iraqi dinar and increase Rsanth financial and reflected significantly on the level of improvement in the economy of the country ”
and pointed out that “the exchange rate in any country depends on the balance of payments which arise from factors affecting the presentation of the national currency and the demand for them, any surplus in the balance of payments of the state leads to increased demand for the national currency, which leads to higher disbursement versus other foreign currencies and vice versa. ”
turn the economic expert Abbas Bahadli in an interview for the “long” to “choose other currencies represent a basket of global economic must be on the basis of serving the national economy and the movement of trade and mutual investment with countries with an economy strong financial, and considers this step to enhance the value of the Iraqi dinar, and reduce the potential risks to the local currency as opposed to linking a single currency as dollar. ”
and added that “the increase and diversification of foreign currency and use it as a reserve pick it economically by the Central Bank of Iraq represents the addition of monetary policy and help to enhance the value of the dinar by increasing dealing with other countries,” explained Bahadli that “money is the measure of the values ​​of goods and services represent per unit of money, for example, the dinar standard to calculate the values ​​of things, including the calculation of this process of pricing, which requires the presence of groups of cash representing the complications or parts of them, therefore, is a mediator of the swap between the goods and services as a result of the contradiction between the mechanism barter of goods and services and the market mechanism of freedom of choice , and a decision to buy or sell, “and that” the movement deal depends on the monetary policy of each country, there are states that allows monetary policy trading of its currency outside its borders, and there are other countries to prevent it, such as Iraq, which has become a currency is not allowed to be traded externally, but not taken to support the dinar in the coming years, but through the development of a national economic plan effective on the ground is an increase of work, production and start-up projects, major development and attracting foreign investment real new order to ensure the support of the local currency in the coming period. ”
and noted that “cash tool to ensure the right of possession of the goods and services at any time and place, Due to the different types of currencies in the countries of the world, there are currencies have gained strength from the economy of this country comes the U.S. dollar at the forefront of the currency, which represents the U.S. economy nearly 20% of world exports and then comes the euro as well as the Japanese yen and the pound sterling other than gold and silver, a so-called by a basket of currencies. ” He pointed out that “the exchange rate of the currency basket is considered a low-risk and change, there is a currency price declines and other price rises have shown a basket of currencies that it is due to the absence of a monetary unit the Common taken by traders as a basis for calculation, which are in the framework of international payments and this leads us to the identification of the exchange rate and the international monetary system. ”
said economic reports that the U.S. dollar is a currently almost 86% of the volume of daily transactions in the global market for foreign exchange, which amounts according to the latest statistics by the financial crisis to more than three trillion dollars a day, and the rest is traded in euros and to the point less in other currencies. It is noteworthy that the value of the dollar declined during the last 12 years by 40 percent for the Swiss franc, and 30% for the Japanese yen, and 25% for the euro, in addition to the large fiscal deficit in the United States did not stop at the borders of the loss of confidence in its currency, the backup, but also led to a surge levels of U.S. public debt.

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The new Iraqi dinar currency is now in circulation in Iraq?

American Contractor:   It appears that the new Iraqi dinar currency with the security enhanced banknotes have now been introduced into the Iraqi economy. American Contractor has not seen these banknotes personally, but my sources tell me that there has indeed been some distributed and in circulation. …I would just like to mention that there are [some] that have said that Prime Minister Nuri Maliki does NOT want to change the Iraq dinar currency. This is bogus, unsubstantiated reporting. In fact, this couldn’t be further from the truth. If it is indeed true that the new currency IS in circulation that would indicate proof that PM Maliki is actually RESPONSIBLE for its release…he is actually all for economic development in Iraq.

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How to bring the dinar up

Enorrste     Article: “In order to revive the Iraqi economy experts: the diversity of the currency basket is the best solution to address the low value of the dinar against other currencies” In my opinion this article is discussing how to tie the dinar into the world economy after it finds equilibrium rather than as a means to create an artificial value…the economist is stating that one of the best solutions to solving the low value of the dinar, and to bring it to a “real value,” is to float it against “the diversity of the reserve with the Central Bank.” It is this float that “will make us deal” with the true value of the dinar…he specifically states that before moving to a basket of currencies the dinar must be allowed to float based on “all economic activities” rather than just on an economy based on oil production.

We may therefore dispense with the idea that this man is recommending an RV of any kind at all. Instead, he is backing the CBI plan entirely, but adding that at some point in the future, when the economic activity in Iraq is more broadly based, and only after the dinar has reached its “real value,” should a switch in “backing” be made from the dollar to a basket of currencies. The implication here is that the move toward tying the dinar to a basket of currencies is years away (after the float generates the required broad-based economic activity to “support” the “real value” of the dinar.

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The Market Economy: Our strongest weapon for the appreciation of the dinar

Kaperoni:   Article – “Lebanese banks seeking financial boom in Iraq and check to avoid money laundering”

Quote: “did not come to Iraq to engage in dollar tenders organized by the Central Bank through currency auctions,”

Love that line… In other words, were not here to make 12 dinars per dollar with your currency auctions…we’re here to lend and do banking business! This is a sure sign IMO that the banking system and capital account will open soon. And that means compliance and Article VIII…our strongest weapon for the appreciation of the dinar is the market economy.

Article VIII is required for investment and capital flow, and once they do that, a new exchange regime is required (some kind of float) that would let market forces dictate the rate. You cannot bring in investment, open the capital account and not have some sort of float in place. That is clearly stated in transitional documents. The result would be inflation. So the bottom line is once they go to Article VIII, they can no longer keep the dinar weak. All of these banks, investment agreements, etc. are lining up the transition to create a huge economic boom heard around the world once Iraq passes the laws and open the banking system.

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Tlar talks about dinar in circulation.

Tlar They are also saying at today’s value that the currency circulating is 2.7 billion USD equivalent. Now compare that with the 100 billion in cash reserves, the 90 tons of gold and the 82 billion in route to the CBI reserves over this year. Anyone care to figure how many times over that the dinar is covered. At 1 to 1 it’s still close to 100 in reserves for each 1 in circulation with a value of 86 cents per dinar.

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Tlar talks about dinar in circulation.

Tlar They are also saying at today’s value that the currency circulating is 2.7 billion USD equivalent. Now compare that with the 100 billion in cash reserves, the 90 tons of gold and the 82 billion in route to the CBI reserves over this year. Anyone care to figure how many times over that the dinar is covered. At 1 to 1 it’s still close to 100 in reserves for each 1 in circulation with a value of 86 cents per dinar.

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Dinar Daddy: What I’m Hearing About Iraqi Dinar

Screen Shot 2014-04-22 at 2.32.20 PM

I’ve been hearing some extremely positive information about Iraq lately.  I have NO WAY of being able to verify this information, so take it for what it is; nothing more than me sharing what I’ve heard.

  1. Maliki (Iraq), IMF, US Administration (Obama and backers)… all on SAME page for the first time
  2. 100% political… NOT something we can rationalize or explain away or even make sense of (man made event, not a natural occurrence)
  3. Will happen similar to Kuwait where the rate will just APPEAR without fanfare or announcement
  4. Rate is agreed upon by US Administration (more than what they want us to have, but willing to accept due to inability to continue to support Iraq (Obama won’t be able to get Congress to agree to send more money into Iraq while his administration is still unable to pay for Obamacare)
  5. Watch for something to happen as soon as BEFORE Iraqi elections (April 30th)
  6. Maliki needs to increase value of IQD in order to be supported by his party to be placed as Prime Minister once again
  7. Iraqi Dinar bank notes are extremely limited in Iraqi Banks and within the country, which has been verified by more than one credible source, so even if our US administration finds a way to filter large sums of USD to Iraq (to side-step Iraq’s currency going international… “RV”), which would only keep Iraq internationally stagnant, Iraq would still have to coax outside countries who hold Iraq Dinars to sell the currency back to them so they can increase their in-country money supply. This step would counter their last 3-4 years worth of removing their bank notes from their money supply.
  8. I am being told there will be NO NEED TO RUSH to cash-in!  Apparently there will be a FIXED RATE for 6-8 months
  9. This is a VERY FLUID, politically charged situation

This was shared with me.  If it was written by someone else, I’d place it in the Rumors section of my site.  Because I’m Dinar Daddy, I have my own Tidbits section, so I’ll place it there. Again, I have no way of validating any of it, but I’m definitely getting excited! ;)

Go Dinar!
Dinar Daddy

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Dinar Daddy: What I’m Hearing About Iraqi Dinar

Screen Shot 2014-04-22 at 2.32.20 PM

I’ve been hearing some extremely positive information about Iraq lately.  I have NO WAY of being able to verify this information, so take it for what it is; nothing more than me sharing what I’ve heard.

  1. Maliki (Iraq), IMF, US Administration (Obama and backers)… all on SAME page for the first time
  2. 100% political… NOT something we can rationalize or explain away or even make sense of (man made event, not a natural occurrence)
  3. Will happen similar to Kuwait where the rate will just APPEAR without fanfare or announcement
  4. Rate is agreed upon by US Administration (more than what they want us to have, but willing to accept due to inability to continue to support Iraq (Obama won’t be able to get Congress to agree to send more money into Iraq while his administration is still unable to pay for Obamacare)
  5. Watch for something to happen as soon as BEFORE Iraqi elections (April 30th)
  6. Maliki needs to increase value of IQD in order to be supported by his party to be placed as Prime Minister once again
  7. Iraqi Dinar bank notes are extremely limited in Iraqi Banks and within the country, which has been verified by more than one credible source, so even if our US administration finds a way to filter large sums of USD to Iraq (to side-step Iraq’s currency going international… “RV”), which would only keep Iraq internationally stagnant, Iraq would still have to coax outside countries who hold Iraq Dinars to sell the currency back to them so they can increase their in-country money supply. This step would counter their last 3-4 years worth of removing their bank notes from their money supply.
  8. I am being told there will be NO NEED TO RUSH to cash-in!  Apparently there will be a FIXED RATE for 6-8 months
  9. This is a VERY FLUID, politically charged situation

This was shared with me.  If it was written by someone else, I’d place it in the Rumors section of my site.  Because I’m Dinar Daddy, I have my own Tidbits section, so I’ll place it there. Again, I have no way of validating any of it, but I’m definitely getting excited! ;)

Go Dinar!
Dinar Daddy

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Dinar Daddy Announces Release of “Special Edition” Newsletter!!!

I’ve released via email and online (www.TheWeeklyTidbit.com) the 38th publication of The Weekly Tidbit. I believe the information contained within this publication will bring tremendous value to the discussion of the Dinar, world currencies in general, and peripheral interests that affect everyone in preparing for a change in world currency values and systems.

I personally wrote ALL the articles contained in this week’s publication, and I think you’ll find them very informative.  Here is what I covered:

  • What Determines the Value of a Country’s Currency?
  • I give a LIST of events that absolutely ARE affecting the value of Iraqi Dinar
  • I share how I’m currently making full-time money with part-time effort, and invite you to join me in business if you wish
  • I share how I’m investing in real estate without the challenges of time, money, and management with properties and tenants

If you wish to sign-up to receive my weekly released newsletter directly to your EMAIL INBOX, CLICK HERE and fill out the provided online sign-up form. If you wish to sign-up to receive the RV Announcement that reflects any major rate change of the major currencies this site follows, CLICK HERE.

Again, Publication No. 38 of The Weekly Tidbit has been sent out via EMAIL to all those who’ve signed up to receive my newsletter. You can also find this same information/newsletter displayed online at www.TheWeeklyTidbit.com. Feel free to check it out online if you currently do not receive my newsletter email!

Go Tidbits… Go Dinar!

Dinar Daddy

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A Dinar is a Dinar, and will always be so

Nova:    A Dinar Is A Dinar Is A Dinar, And Will Always Be A Dinar. A One Dinar Note Will Always Be A One Dinar Note & A 25K Dinar Note Will Always Be 25 Thousand Dinars. Once The Dinar Is Internationally Tradable Its Purchasing Power Will Increases In Iraq Because The Countries Revenues Will Be Accounted For In IQD. Ask Yourself This, Why Dose The UST Print 75 Billion Worth Of Notes Every Month? Because Of QE [Quantitative easing], Right. Well In

Order For That To Work The UST Is Required To Have The Physical Notes To Back Any Electronic Accounting Of The USD.
Why Would It Be Any Different For Iraq, Or Why Would We Want It To Be Any Different? I Don’t! I Want The CBI To Have All The Notes To Back Up Its Money Supply!! Last Thing Why Are They Not Talking About The LD’s? Because There Already Printed!

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Want More Dinar? May the Odds Be Ever in Your Favor!

Everyone wants to know WHEN the Iraqi Dinar will increase in value… WHEN the Vietnamese Dong will finally appreciate against other world currencies… HOW MUCH the value of exotic world currencies can or will increase in value against the US Dollar (the world’s standard and reserve currency) due to a major currency values adjustment throughout the world (GCR).  Though these are important questions, NO ONE can give you a true answer other than to share what they think SHOULD happen, or reveal what they’ve been told by those they trust.

Knowing the above concerns we ALL have, I introduced a Sweepstakes a couple weeks ago that WILL GIVE EVERYONE A CHANCE at receiving a guaranteed increase in their foreign currencies and precious metals portfolio.  Being aware of the many disappointments and false claims, I wanted to bring something into the Dinar-following arena that people could get excited about!  Even if you don’t win, you can be happy for someone who DID win!  101 OF YOU WILL WIN SOMETHING!  ONE OF YOU will receive over $ 40,000 USD in today’s value in currencies, gold, silver, and more!

Treasury Vault’s Hidden Treasure Sweepstakes is what I’ve created to bring something new, exciting, and fun to our currency following experience. I encourage you to participate!  I invite you to give yourself a chance to WIN… GET EXCITED ABOUT IT!  Here are more details to help you get started:

  • ALL giveaway items, including all currencies and precious metals, have already been purchased by Treasury Vault and stored away, so there is ZERO concern over fulfillment of ALL promises.
  • One of the top legal firms overseeing Sweepstakes in the United States is running and overseeing all legal aspects of this giveaway.
  • Should any of the currencies or precious metals increase in value during the official Sweepstakes entry period, the amounts set aside and promised will be honored despite a currency revaluation or precious metal rise in value.
  • To participate, do NOT just enter ONCE.  You can RE-ENTER up to 3 TIMES EVERY DAY the Sweepstakes entry period is open. Give yourself the BEST chance you can give yourself to win!  Build up those entry credits as much as possible!
  • Get a fourth (4th) entry credit EVERY DAY by referring two friends daily (two legitimate email addresses of those you feel would appreciate knowing about and having the chance to enter too).  The people being invited receive only ONE invite from the Sweepstakes.  They won’t be spammed to death if you give out your friends’ email addresses for Sweepstakes consideration.
  • To participate, you need to go to all 3 (three) participating websites daily (TreasuryVault.com, InvestorTidbits.com, TheIraqiDinar.com), click on the gold and orange ENTER NOW banner,  then fill out the “Entry Form”, scroll down, then click the orange “Enter for a Chance to Win” button at the bottom of the entry form.
  • If you still are struggling to know what to do, CLICK HERE to watch a video I recorded to explain your daily Sweepstakes entry routine.
  • There will be 101 WINNERS!
  • The GRAND PRIZE WINNER will receive a massive amount of foreign currency banknotes and precious metals.  Here’s the list:
    • 100 Million – Vietnamese Dong (VND)
    • 10 Million – Iraqi Dinar (IQD)
    • 10 Million – Indonesian Rupiah (IDR)
    • 10,000 – Chinese Yuan (CNY)
    • 10,000 – Indian Rupee (INR)
    • 1,000 – Canadian Dollars (CAD)
    • 100 – Kuwaiti Dinar (KWD)
    • 1,600 Ounces of Copper (1 oz. coins – .999 pure)
    • 100 Ounces of Silver (1 oz. coins – .999 pure)
    • 5 Ounces of Gold (1/2 oz. coins – .9999 pure)
    • Fort Knox Guardian 6031 Personal Residential Vault/Safe

I wish you all the very best of luck!  I’m hoping more will take advantage of this incredible opportunity.  I urge you to get involved!  Enjoy the dream and experience.  If this goes well, I’ll no doubt introduce more fun and exciting opportunities we can all enjoy together. I’m doing all I can do to help everyone see truth, hope, reality, and optimism.  It’s up to everyone individually to act on and participate in opportunities presented.  As I’ve said before, YOU’VE GOT TO GET IN IT TO WIN IT!

GOOD LUCK… “May the odds be ever in your favor!”

Go Free Things… Go Sweepstakes… Go Hope… Go Dinar!

Dinar Daddy 

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Dinar Daddy Shares History of the “New Iraqi Dinar”

TIDBIT: I’m posting this as a REMINDER of what this is all about. Sometimes we forget, get discouraged, and lose sight of the real vision.  Hang in there everyone! Go Dinar! – DD

HISTORY OF THE “NEW IRAQI DINAR”

“How shipping tons of U.S. currency to Iraq remade its economy—and was roundly criticized all the same. Good decision, bad press.” – By John B. Taylor

In February, the House Committee on Oversight and Government Reform held a hearing that criticized the decision to ship U.S. currency into Iraq just after Saddam Hussein’s government fell. As the committee’s chairman, Henry Waxman (D-California), put it in his opening statement, “Who in their right mind would send 360 tons of cash into a war zone?” His criticism attracted wide attention, feeding antiwar sentiment and even providing material for comedians. But a careful investigation of the facts behind the currency shipment paints a far different picture.

The currency that was shipped into Iraq in the days after the fall of Saddam Hussein’s government was part of a successful financial operation that had been carefully planned months before the invasion. Its aims were to prevent a financial collapse in Iraq, put the financial system on a firm footing, and pave the way for a new Iraqi currency. Contrary to the criticism that such currency shipments were ill advised or poorly monitored, this financial plan was carried out with precision and was a complete success.

The plan, which had two stages, was designed to work in Iraq’s cash economy, in which checks or electronic funds transfers were virtually unknown and shipments of tons of cash were commonplace. In the first stage, the United States would pay Iraqi government employees and pensioners in American dollars. These were obtained from Saddam Hussein’s accounts in American banks, which were frozen after he attacked Kuwait in 1990 and amounted to about $ 1.7 billion. Because the dollar is a strong and reliable currency, bringing in dollars would create financial stability until a new Iraqi governing body could be established and design a new currency. The second stage of the plan was to print a new Iraqi currency for which Iraqis could exchange their old dinars.

One of the most successful and carefully planned operations of the war has been held up to criticism and ridicule.

The final details of the plan were reviewed in the White House Situation Room by President Bush and the National Security Council on March 12, 2003. I attended that meeting. Treasury Secretary John Snow opened the presentation with a series of slides. “As soon as control over the Iraqi government is established,” the first slide read, we plan to “use United States dollars to pay civil servants and pensioners. Later, depending on the situation on the ground, we would decide about the new currency.” Another slide indicated that we could ship $ 100 million in small denominations to Baghdad on one week’s notice. President Bush approved the plan with the understanding that we would review the options for a new Iraqi currency later, when we knew the situation on the ground.

To carry out the first stage of the plan, President Bush issued an executive order on March 20, 2003, instructing U.S. banks to relinquish Saddam’s frozen dollars. From that money, 237.3 tons in $ 1, $ 5, $ 10, and $ 20 bills were sent to Iraq. During April, U.S. Treasury officials in Baghdad worked with the military and Iraqi Finance Ministry officials—who had painstakingly kept the payroll records despite the looting of the ministry—to make sure the right people were paid. The Iraqis extensively documented each recipient of a pension or paycheck. Treasury officials who watched over the payment process in Baghdad in those first few weeks reported a culture of good record keeping.

On April 29, Jay Garner, the retired lieutenant general who headed the reconstruction effort in Iraq at the time, reported to Washington that the payments had lifted the mood of people in Baghdad during those first few confusing days. Even more important, a collapse of the financial system was avoided.

This success paved the way for the second stage of the plan. In only a few months, 27 planeloads (in Boeing 747 jumbo jets) of new Iraqi currency were flown into Iraq from seven printing plants around the world. Armed convoys delivered the currency to 240 sites around the country. From there, it was distributed to 25 million Iraqis in exchange for their old dinars, which were then dyed, collected into trucks, shipped to incinerators, and burned or simply buried.

The new currency proved very popular. It provided a sound underpinning for the financial system and remains strong, appreciating against the dollar even in the past few months. Hence, the second part of the currency plan was also a success.

The story of the currency plan is one of several that involved large sums of cash. For example, just before the war, Saddam stole $ 1 billion from the Iraqi central bank. American soldiers found that Iraqi money in his palaces and shipped it to a base in Kuwait, where the U.S. Army’s 336th Finance Command kept it safe. To avoid any appearance of wrongdoing, American soldiers in Kuwait wore pocket less shorts and T-shirts whenever they counted the Iraqi money.

A 2003 presidential order instructed U.S. banks to hand over Saddam Hussein’s frozen dollars. From that money, 237.3 tons in $ 1, $ 5, $ 10, and $ 20 bills was shipped to Iraq. Later, U.S. forces used the found cash to build schools and hospitals, and to repair roads and bridges. General David Petraeus has described these projects as more successful than the broader reconstruction effort. But that wasn’t the only source of dollars. Because the new Iraqi dinar was so popular, the central bank bought billions of U.S. dollars to keep the dinar from appreciating too much. As a result, billions in cash accumulated in the vaults of the central bank. Later, with American help, the Iraqi central bank deposited these billions at the New York Federal Reserve Bank, where they could earn interest.

Finally, when Iraq started to earn dollars selling oil, the United States transferred the cash revenue to the Finance Ministry, where it was used to finance government operations, including salaries and reconstruction. Many of these transfers occurred in 2004, long after the financial stabilization operation had concluded. Iraqi Finance Ministry officials had already demonstrated that they were serious about keeping the controls they had in place. The 360 tons mentioned by Henry Waxman includes these transfers as well as the 237.3 tons shipped in 2003 during the stabilization.

The new Iraqi currency proved to be very popular. It gave a sound underpinning to the financial system and remains strong. One of the most successful and carefully planned operations of the war has been held up for criticism and even ridicule. As these facts show, praise rather than ridicule is appropriate: praise for the brave experts in the U.S. Treasury who went to Iraq in April 2003 and established a working Finance Ministry and central bank, praise for the Iraqis in the Finance Ministry who carefully preserved payment records in the face of looting, praise for the American soldiers in the 336th Finance Command who safeguarded the found money, and, yes, even praise for planning and follow-through back in the United States.

This essay appeared in the New York Times on February 27, 2007. Available from the Hoover Press is Strategic Foreign Assistance: Civil Society in International Security, by A. Lawrence Chickering, Isobel Coleman, P. Edward Haley, and Emily Vargas-Baron.

To order, call 800.935.2882 or visit www.hooverpress.org.

John B. Taylor is the Bowen H. and Janice Arthur McCoy Senior Fellow at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He was previously the director of the Stanford Institute for Economic Policy Research and was founding director of Stanford’s Introductory Economics Center.

He has a long and distinguished record of public service. Among other roles, he served as a member of the President’s Council of Economic Advisors from 1989 to 1991 and as Under Secretary of the Treasury for International Affairs from 2001 to 2005.

He is currently a member of the California Governor’s Council of Economic Advisors.

http://www.hoover.org/publications/digest/7465402.html

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Kaperoni says the dinar will be internationally recognized.

3-28-2014 Newshound Guru Kaperoni Article: “Suri calls to the concentration of the banking industry, according to specialties” If there was any doubt in your minds what the goal is for the dinar? Why would the IMF, WB and US Treasury all join forces to restructure Iraq’s banking system unless they were going to open it up to the world? It is clear to me that the dinar will be internationally recognized and convertible.

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Parliamentary economy bear the responsibility of the Central Bank of the fluctuation of the Iraqi dinar

Baghdad: Carried by the committee of economy and investment parliamentary responsibility of the Central Bank of the fluctuation of the price of the Iraqi dinar against other currencies.

A member of the Economic Commission Amer winner told the News} {Euphrates on Thursday that the “wiggle political Central Bank weighed heavily on the currency in Iraq,” noting that “the bank is responsible exclusively on monetary policy in the country.” and added that “the instability of the security situation and the continuing differences between the political blocs other factors affected the instability of the Iraqi dinar against foreign currencies. ” and “The stability of the central bank’s policy, and the security situation, in addition to providing a suitable platform for foreign investors, factors that will help the stability of the Iraqi dinar against other currencies”.

Revealed the winner for “resolve all outstanding differences between the center and the region on the Law of the general budget and other problems relating to the export of oil,” likely “to read the budget such as reading a second session next Sunday.”

This accused member of the Committee on the economy and investment representative in earlier Aziz Mayahi influential figures in The government, in coordination with the staff at the Central Bank to control the sale of hard currency, which led to a decline in the exchange rate of the Iraqi dinar against the U.S. dollar.

Said Mayahi that the central bank has vowed to take new measures to stabilize the exchange rate of the dinar against the dollar, but so far is still the exchange rate of the dollar high It seems that the current administration of the bank can not support the value of the Iraqi dinar. ”

It was the Iraqi Central Bank announced that it will take new measures to stabilize the Iraqi dinar exchange rate during the month

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Dinar Daddy Discusses a Few Things… Incl. Follow-up To “Intel” Post

All,

I’m posting this to address a few things and to follow up to my “intel” post of a few days ago… Here’s what’s on my mind:

1) Due to the “back-end” issues of Dinar Daddy’s Tidbits of a couple of days ago, DinarSummary.com was completely off-line for several days.  It is now UP again!  For those who’ve signed up to receive the daily auto-send emails from their favorite info categories from that website, they should start receiving those again starting tomorrow.  Summary posts will be posted tonight.

2) If you haven’t already, you’ll definitely want to enter Treasury Vault’s Hidden Treasure Sweepstakes.  This is a NO PURCHASE NECESSARY, FREE-TO-ENTER Sweepstakes wherein they are only GIVING AWAY exotic and major foreign currencies, Gold, Silver, Copper, High-End Residential Vault/Safe, 2 Year Depository Contract with Federal Secure (FederalSecure.com), and round-trip airfare for TWO to Salt Lake City, the headquarters for Treasury Vault and the Hidden Treasure Sweepstakes.  If you have issues with entering, I’ll help you.  I PERSONALLY GUARANTEE THE AUTHENTICITY OF THIS SWEEPSTAKES AND WILL STAKE MY PERSONAL AND ONLINE REPUTATION AND BUSINESSES ON IT!  The Sweepstakes is bonded and insured, and is registered in ALL 50 United States and ALL Canadian Territories & Provinces (minus Quebec due to their extremely difficult and restrictive laws regarding Sweepstakes).

3) Some are struggling with the entry fields of the Hidden Treasure Sweepstakes.  If you are, please email the Sweepstakes at info@hiddentreasuresweepstakes.com.  For more specifics on the Sweepstakes, I’d highly recommend you go to www.HiddenTreasureSweepstakes.com to learn more.  You can also visit their Facebook page that gives probably the most up-to-date info on what is happening with it.  You can find them at www.facebook.com/hiddentreasuresweepstakes

4) As for my “intel” post the other day… I know you all know I don’t like getting into that game.  That post wasn’t meant to create ongoing posts and intel share.  It was simply meant to let you all know I was recharged that what I originally was given as truthful information about this “Plan” and Iraq was indeed true.  I look forward to my patience one day paying off.

5) Iraq’s official currency is legitimate, but it is NOT internationally recognized.  Once it is reinstated as an internationally recognized currency, things will go well for every Dinar holder.  Until then, there’s simply nothing to worry about, other than living within your means and avoiding people who try to “scam” you with bad info.  It’s really a very simple proposition.

6) If you’ve lost faith in the Dinar, then sell your Dinar.  I know many dealers will gladly purchase your Dinar from you and resell it to the next guy.  If you’ve lost faith in your favorite “Guru”, then stop listening to that person’s lies and made up “intel”.  Know this however, just because they were found out to be a scheister doesn’t make the Iraqi Dinar a “scam”, or “fake”, or “a bust”.  It’s the official currency of a COUNTRY!  It’s real!  If you just are fed up with it all, but remain confused, JOIN THE CLUB! ;)

Go Info… Go Sweepstakes… Go Dinar!

Dinar Daddy

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Dinar Daddy’s Tidbits

The dinar will increase in value gradually

3-18-14 Kaperoni:   Article – “Financial control: protecting our money in America end in may”

Protection of Iraq’s money [DFI] is in our best interest. If they allow it be not protected, and Iraq still has financial obligations, those creditors may try to seize Iraq’s assets. Which ultimately is money that could be used to back their currency. So what we want, is exactly what Turki stated and that is they are getting to a position that they have little outstanding debt. As for the dinar, it will appreciate in value gradually once the enter IMF Article VIII with a new exchange regime. Article VIII makes the dinar convertible world-wide.

IMO, based on other articles, the US will always extend the protection if asked by Iraq. This is to give them time to resolve all outstanding debt prior to release of their money and international status. Iraq wants its money so motivation is not an issue. Let’s hope based on these articles the last few days, they are ready to stand up and take it. Its good news if they do.

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Dinar Daddy’s Tidbits

The central bank seeks to stabilize the Iraqi dinar against the U.S. dollar

BAGHDAD / newspaper rectitude – exposure of the Iraqi economy to economic shocks large affected and fully at the level of the Iraqi dinar and caused slumping and the flight of capital abroad, declined to foreign investors from entering the country, for fear of fluctuations in the exchange rate of the currency, and now seeks the central bank to adopt a new policy to protect the currency Iraqi and ensure its stability against the U.S. dollar.

Where A member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri that the stability of the Iraqi dinar is due to several reasons, including the policy followed by the Central Bank of Iraq auction sale dollar a day.

He added: “This auction is a balance between supply and demand, the Iraqi dinar and the dollar, and was able to since its introduction a few years ago until now to maintain the stability of the Iraqi dinar.”

He Yasiri that the central bank has an important role in the stability of the dinar through daily currency auction, and that other measures also have an important role in supplying the Iraqi economy that serves everyone. ”

Between “the country and the potential Iyad worker and good technical, we want the Investment Authority that work well for the investor comes with the money, that does not come and borrow from the banks.”

He pointed out that “the banking sector progresses through the banking system is good and has a locking system well and keeping deposits of citizens and keeping bank loans and the strategic situation and cash management well,” stressing that “the Central Bank of 80 billion dollars, and must exploit the part of these amounts for development of the economy in Iraq. ”

For its part, revealed the association of private banks – non-governmental organizations – all taken in coordination with the Central Bank of Iraq some monetary policies that will maintain the stability of the exchange rate of the Iraqi dinar against foreign currencies.

He says the managing director of the Association super good: “The private banks now operate to attract traders, who make up one of the main sources for the introduction of foreign currency to Iraq and determine the activity of speculators at the exchange rate of the currency through the revitalization of reliance on bank bonds in banking transactions.”

So stressed economic expert Majid picture on “the need for cooperation with the Ministries of Finance and Commerce, in the application of monetary policy new taken by the central bank in coordination with the private banks,” and warned at the same time that the absence of such cooperation would lead to “the inability of the private banks and the central bank of control the Iraqi dinar exchange rate, even with these policies. ”

“The central bank has worked to identify the sales of foreign currency in the market to create a kind of balance between the price and the bank in the local market.”

For his part, President of the Association of private banks in Iraq, Nouri al-Wadih starting workshop expanded civil and private banks in coordination with the Central Bank to discuss the latest developments change the exchange rate of the Iraqi dinar against the U.S. dollar in the local market.

Nouri said that “the main objective of this workshop is to identify the mechanisms of cooperation in accordance with the new regulations issued by the central and include forcing private banks to deposit their capital with the central bank in the event of its desire to enter the auction of foreign currency held by the central bank every day.”

“The workshop will also discuss the design and planning of a clear policy to maintain the stability of the Iraqi dinar against foreign currencies and its impact on the value of the local currency.”

The decision of the Commission on Economy and Investment parliamentary Mahma Khalil: “The central bank is obliged to maintain the exchange rate of the Iraqi dinar and a balance must be maintained by the sovereign and the feature in the Iraqi economy because it is expected to be the Iraqi dinar economic identity in the region.”

Khalilzad said that “the price is still volatile and that stability is through control of the movement of the dollar and the market may not be a balance of Iraq in 2007, ten billion dollars and the exchange rate in 1200 and today our credit $ 76 billion later this year remains the exchange rate itself.”

For his part, said banking expert and executive director of the Association of private banks in Iraq, Abdul Aziz Hassoun “The arrival of the cash reserve to 80 billion dollars, enhances the value of the Iraqi dinar and ensure traders do and possessors upon trust and power, as it acts as a cover real currency.”

He said Hassoun he: “When you are in Iraq so guarantees will be provided external actors to cooperate with this country and invest in it, because it is considered an important indicator, and gives the amount supreme confidence in the Iraqi market for traders with dealers and contractors, and equipped foreigners.”

He said Hassoun that the CBI has issued new instructions to stabilize the exchange rate of the Iraqi dinar against foreign currencies through quotas weekly for banks and money transfer companies will increase and reduce the share exchange for a commitment each of them deliver the amounts they want customers from citizens.

The central bank announced earlier in the rise of the dollar reserves to 80 billion dollars, and 80 tons of gold, this reserve would provide significant support for the economy and the bulwark against the Iraqi currency fluctuations that you may encounter.

It is noteworthy that many of the international banks began to open branches in Iraq, invested great stability in the exchange rates of the dollar against the dinar, in addition to banking facilities good, and that made Iraq one of the favorite destinations for global banks. Ended 9

LINK

Dinar Daddy’s Tidbits

Dinar Summary Website Relaunched

All,

Did you know some time ago I created a website for busy professionals and casual followers who still like to follow Iraq and their official currency, the Iraqi Dinar (IQD)?

DinarSummary.com is a very clean, simple website that breaks the online dinar information down into categories (i.e. Rumors, News, Guru Info, Chats, & Conspiracy).

From there all info from the original posters of information is SUMMARIZED in 2-5 bullet points that succinctly share what the person or article was trying to say. A link to the original article or post is provided for reference purposes, but the bulk of anything learned or gained or simply understood is provided in summary bullet points.

So, if you’re sick of reading long winded, drawn-out chats, confusing Iraqi news articles that speak in “Arablish”, misspelled words and grammar from people claiming to be educated while sharing a rumor or conspiratorial rant, then DinarSummary.com may be exactly what you need.  It’s amazing how reading a summarized version of someone else’s rant really places their “info” or claimed “intel” into perspective.

Dinar Summary is a great tool to use as a quick review of what is being said while keeping your head on your shoulders and your expectations to a minimum while still maintaining your awareness of all that is being claimed and/or reported.

Quick, simple, in and out, 5 minute stop off… just may be the perfect way to follow all this craziness without getting too drawn in, and yet still keep yourself connected.

Check it out!

Go Dinar Summary… Go Simplicity… Go Dinar!

Dinar Daddy

Dinar Daddy’s Tidbits

Determining the value of dinar denominations

3-6-14 Stryker:   Article – “Is the process will delete the zeros of the Iraqi currency to stop rigged?!”

Quote: “memory that the currencies of existing and new will work at the same time without reducing the value of any of them until the full absorption currency Current”

This IMO, says that all the currencies will have the same value and neither will be reduced according to this quote. Meaning each dinar no matter old or new will have the same value, example: Each dinar in a 25,000 dinar note will have the same value as the new 25 dinar note, IF each dinar is equal to $ 1 USD then the new 25 dinar note will be worth $ 25.00 USD and the 25,000 dinar note will be worth $ 25,000 USD.

Dinar Daddy’s Tidbits

Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser

Baghdad, Washington / Orr News

Revealed an Iraqi diplomat in Washington that the U.S. administration strongly rejects Iraq’s decision Ptsfir currency, or stop the daily auction of foreign currency, which is organized by the CBI.

The Iraqi diplomat said that “the United States is the primary beneficiary of the auction currency in Iraq, and the survival of the purchasing power of the Iraqi dinar is weak, compared to the price of currencies in the region, especially the poor ones, which are suffering from economic problems large like Egypt.” And showed that “the Iraqi currency, have been added zeros at the time of the former regime, and now is no longer an existential value, but the Americans are blocking efforts to zeroing damaged their economy and their companies from that. ”

The specialists in economic affairs confirmed that the government’s approval of a bill to reset the currency will reduce the size of the money supply and restore confidence globally, to the presence of oil as an asset added to the balance of gold in the international banks, according to the Finance Committee representative to reset the local currency will contribute to the restoration of the Iraqi dinar to its strength, including approximately Previous worth purchasing and which was more than three times the U.S. dollar, and declined by the imposition of Chapter VII sanctions.

LINK

Dinar Daddy’s Tidbits

Do You Know How Dinar Daddy’s Website is Set Up?

TheIraqiDinar.com (Dinar Daddy’s Tidbits) is divided into sections so that each reader may be able to search for, and place in their mind prior to reading, exactly what type of information they can expect to find.

DDT is divided into categories of information based on the type of post that it is. Here are those sections:

- NEWS ARTICLES: One can naturally expect to find only information and posts found across the web that covers the main focus of the website, that being anything affecting the economy of Iraq, general world currency movements, other emerging market currencies, geopolitical events affecting the currencies covered, oil production, gold reserves, the Central Bank of Iraq, the Government of Iraq, International Monetary Fund information pertaining to currencies followed, security information that tells of the stability of Iraq to handle any type of currency increase and invitation onto the world economic stage, and of course information about the Iraqi Dinar and other world currencies.

- TIDBITS: These are posts, information, comments, and announcements solely written and posted by Dinar Daddy.  The information covered is any and all topics about the IQD, about the website, and about future events, sites, or services being introduced by Dinar Daddy.

- CHATS & POSTS: These are posts placed by other people on other websites sharing insights, theories, and ideas surrounding currency revaluations, Iraq theories and insights, and so on.  Typically, these are from people who are fairly well-respected for their knowledge and experience in following the Iraqi DInar and other currencies.

- LATEST RUMORS: These are posts placed by other people on other websites who are making predictions and declaring things based on information they claim to have received from “reliable sources”, yet because their information can neither be verified by others or themselves, we can only read their words with hope and skepticism.  As such, the information is placed within the “Rumors” section in order to keep it all real.

- LATEST DOOZIES:  These are posts placed by other people on other websites who are making bold claims about a date, time, and even rate of a massive revaluation of the Iraqi Dinar and other world currencies against the US Dollar.  They make no effort to qualify their remarks, and they come across as “being in the know”.  These are typically posts by people who’ve been wrong time and again.  As such, we place their information on the site for nothing more than to be aware of what’s out there, and for entertainment value.  One should never take information placed within this section of the site seriously.  For one to even “hope” their information in true would be giving them too much credit.

I hope this clarifies how the site works.  Keeping it organized… keeping it real… and keeping the faith!

Go Dinar!
Dinar Daddy

Dinar Daddy’s Tidbits

ANTICIPATING A RV OF THE DINAR SOON

3-1-14 Poppy3:  OK…GOT MY CALL THIS MORNING FROM THE BROKER AND…HE WAS TOLD YESTERDAY EVENING FROM THE INTERNATIONAL BROKER THAT YES THERE WAS CONSIDERATION IN V N [Vietnam] TO ACCEPT 25% OF THE INVESTMENT IN THE NEW INFRASTRUCTURE GOVERNMENT BOND PROGRAM IN DINAR BUT AFTER FURTHER DISCUSSION THEY ELECTED NOT TO DO SO. TO ME IT SHOWS THAT THEY ARE ANTICIPATING A RV OF THE DINAR SOON OR THEY WOULD HAVE NEVER EVEN DISCUSSED DOING THIS IN THE FIRST PLACE. THIS IS ENCOURAGING NEWS. WE ARE IN A GREAT INVESTMENT AND ALL THE NEWS IS MOVING US TOWARDS OUR REWARDS.

Dinar Daddy’s Tidbits

Experts: Delete the zeros from the dinar increases its strength

He said experts and specialists in regard the country’s financial The implementation of the project to delete the zeros from the Iraqi dinar will increase the strength against the U.S. dollar, in addition to facilitating the drawing political price in the country, as demanded a parliamentary committee by clicking on the government, “which disrupted the project” to force it to be implemented through texts Constitutional which allows the printing of a new currency, pointing out that the country’s exit from Chapter VII, and to achieve the balance of Iraq’s 76 billion dollars in international banks catalysts to delete the zeros.

The decision of the Commission on Economy and Investment parliamentary Mahma Khalil said in an interview with the “long” The parking Government against activating the decision to delete three zeros from the Iraqi currency under the pretext of fear of counterfeit currency is not justified, especially as the regional climate is ripe after the withdrawal of Iraq from Chapter VII and raced companies Global investment to invest in Iraq.

He added that there is a legitimate action as a means of pressure on a government to force it to retreat from its position, including recourse to the constitutional provisions that allow the printing of a new currency and to address the weakness of the Iraqi dinar against the U.S. dollar as a necessity of economic urgency after that had a balance of Iraq’s sovereign global banks 76 billion dollars.

For his part, said economic expert Majid picture “long” The Central Bank of Iraq in agreement with the Ministry of Finance presented the studies necessary for the process of deletion of zeros since 2008 and has taken all actions relating to the restructuring of the Iraqi currency, including the design of the currency and denominations and the quality of paper used her, who confirmed that from the finest stainless paper cash or difficulty falsified.

He added that the executive branch has decided to postpone the process of restructuring of the Iraqi currency, which led to the cessation of all actions related to this project, explaining that the aim of the restructuring process is to reduce the cost of handling and facilitate transactions handled, especially medium and large as well as to facilitate the draw price policy in the country.

He stressed the need to accompany the process a package of measures distributed responsibility on all departments and state institutions and banks in order to develop solutions to the problems and obstacles that can arise during the process of restructuring, including cash, and accounting, and security as well as take the necessary measures to destroy the currency received canceled.

He pointed out that the experience of Iraq to replace the currency in 2003 was very rich, but did not exceed only change the shape of the currency and replace it, so you do not need accounting requirements or legal, calling for the need to educate departments, banks and citizens feasibility of restructuring the currency as well as the use of modern technologies to detect fraud, also called to the non-interference of politicians and subjecting such decisions to Mazidat and political skirmishes, because that is not in the interest of monetary policy and the Iraqi economy.

Meanwhile, a financial expert, Thamer Alheimus “long” that highlighted the benefits of the deletion of zeros is to create flexibility and ease of trading, and gave the example that in the case of activation of the decision will be coin values ​​of small Kkhmsin fils or less, and under that will highlight the prices between the fourth dinars and half dinars or less, and thus would be unlikely in a large increase in the value of the Iraqi dinar against the U.S. dollar in the case of Sir prudent monetary policy according to which it will contribute to the improvement of household incomes and low-income social strata.

LINK

Dinar Daddy’s Tidbits

VIDEO: Iraqi Dinar Will Revalue!!!

TIDBIT: American Contractor sent this out and I feel it’s worth sharing. Go Dinar! DD

This investment adviser shares his take on the Iraqi Dinar and discusses Iraq.  He says with no hesitation that Iraq’s currency will revalue.  He says this year Iraq will be ready. :)   Very good stuff!

American Contractor’s wrote, “It is great news I believe to hear from a bullion dealer, investor and financial newsletter writer Mr. Greg McCoach that the Iraqi dinar will revalue. Mr. Coach has some great wisdom for us all. Watch the entire video and the best part of the video starts at 7:37.”

CLICK HERE

Dinar Daddy’s Tidbits

Deputy: procedures for Central Bank requirements to enter the currency market’s banks to stabilize the dinar

Friday, February 14, 2014 11: 02

View National Coalition MP Kazem Al-shammari, the CBI action on setting conditions for banks to enter the currency market “will correct and important for the stability of the currency and the market in the long term.”

Al-shammari said in a statement received all Iraq in “talking about the high price of the dollar against the local currency because of the actions of the Central Bank to require banks to put their reserves at the Central Bank as a condition for entering the currency market is inevitable and will continue being a reaction of speculators and the weak banks to force the Central Bank to reverse its decision.”

“A bank is a true professional and will have significant positive impacts on the economy by ending the influence of speculators and non-discreet banks and reduce their influence that stretched the market and make it hostage to their whims and maintaining the effectiveness of the powerful and credible banks and guarantee, that works to serve the local economy”.

Shammari said “the need to support the actions of the Central Bank to prevent the return of currency traders benefiting from pulse market prices and those who make their living on entering the local market in successive crises from time to time to serve the powers have, built on the shoulders of the poor.” over

LINK

Dinar Daddy’s Tidbits

Saleh: Central Bank intervention in the market to keep the exchange rate of the dinar

Deputy former central bank governor, on Wednesday, said the central bank intervention in the market to maintain the stability of the Iraqi dinar and maintain purchasing power.

He said the appearance of Mohammed Saleh told the “time”, that “the Iraqi dinar is protected range is strong, and the cover of foreign currency is very high unless they are used for the purposes of reserves dedicated to the support of the Iraqi dinar.”

“The currency’s rise and descent depends on the actions of monetary policy, and there is nothing looming on the depreciation of the dinar against the dollar,” explaining that “the central bank intervenes in the market to maintain the stability of the Iraqi dinar and maintain the purchasing power of the Iraqi dinar and this is called the value of foreign money “.

He believed that “the financial market is stable, and the stability of the indicators of whether or not to clear the relationship between the price of the Iraqi dinar against the dollar,” adding that “the greatest threat to the dinar is the external conditions such as the price of oil and Iraq’s revenues.”

He was a member of the Committee on the economy and investment representative, accused the Central Bank, to take action intended to demolish the domestic economy, returned its decision without deliberate and aimed to hit the local currency market.

LINK

Dinar Daddy’s Tidbits

Improvement in the value of the Iraqi dinar encourage some countries want to handle it

A member of the Finance Committee MP / coalition of Kurdish blocs / Dler capable, that the relative improvement of the value of the Iraqi dinar against the U.S. dollar during the current period, making some states want to deal with it. He is capable of: that the Iraqi dinar is improving day after day, thanks to the new monetary policy pursued by the central bank, prompting some countries such as India and neighboring countries wishing to deal in the business processes. He pointed out that the increase in the confidence of the world in Iraqi dinar will make it difficult international currency, likely that the coming weeks will see an improvement over the value of the dinar against the dollar, and this will enhance the confidence of the world do. India has approached the Iraqi government, the adoption of dealing in local currencies in the process of exchange of Commerce of the two countries instead of the dollar in order to support the Iraqi and Indian currencies. The Finance Committee has confirmed that 2014 will see the deletion of zeros from the Iraqi currency, are described: The delete will be in coordination with the Central Bank. Said committee member Abdul Hussein al-Yasiri in a press statement: The process of deletion of zeros from the national currency will begin during 2014, through an agreement with the central bank, noting: This project will lead to reducing the proportion of the national currency in circulation from four billion to one billion. Added: The value will be reduced to the size of the quarter and this will enhance the value and easy to transport, pointing out that fraud or manipulation of currency cash, it will be very difficult. The CBI identified earlier in the beginning of this year will see the implementation of the project to delete the three zeroes from the national currency, but the Iraqi government has demanded the bank to wait to apply the project, fearing the emergence of counterfeit currency during the switching process.

LINK

Dinar Daddy’s Tidbits

Dinar Rate – February 4th

Currency Auctions
Announcement No. (2592)

The latest daily currency auction was held in the Central Bank of Iraq on the 4-Feb-2014 results were as follows:

DETAILS NOTES
Number of banks 16
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$ ) 143,060,000
Amount purchased at Auction price (US$ ) —–
Total offers for buying (US$ ) 143,060,000
Total offers for selling (US$ ) —–

Exchange rates

Dollar’s exchange rates / in Baghdad markets   LINK

Dinar Daddy’s Tidbits

Dinar Daddy Revealed… Answers Your Questions

All,

I’ve received many emails asking me various questions about the Iraqi Dinar, cash-in logistics, my personal life, and more.  I’m creating this post to answer several of those.  I’ll do my best to be as transparent as possible up to the limit of my own personal and safe boundaries. I’ll provide short answers to the questions within this post for the purpose of brevity.  Some may require further explanation or more in-depth discussion so I’ll have a follow-up series of posts speaking further on those topics.

My answers are solely my personal opinions, are based on my experience, and are not designed or intended to be advice or influence the decisions of others relating to their own personal finances or interests.  I will say this however… I believe in what I share, and I am confident in what I believe.

Question #1:  Do you believe the Iraqi Dinar will increase in value?

  • DD Answer Absolutely!  There is NOTHING I’ve heard, seen, or learned that tells me anything other than the IQD will increase in value.

Question #2:  What do you believe the rate will be?

  • DD Answer I’d prefer to not answer that.  At one time $ 3.92 was the REAL rate given.  Things have changed since then and I feel confident in my continued holdings of the IQD.

Question #3 When do you believe the Iraqi Dinar will revalue?

  • DD Answer:  I would love to answer that question but experience has taught me not to address a date about a situation that is very fluid.  I’m sorry I won’t share more but I don’t feel comfortable answering regardless of what I’ve heard.

Question #4: What are you invested in besides the Dinar?

  • DD Answer: Though I do have a significant belief in the IQD, experience has taught me to not put all my eggs in one basket. Diversity is mostly always a good thing.  Because of that I have holdings in real estate, precious metals (specifically gold, silver, and copper coins), and other foreign currencies.  I follow the Vietnamese Dong (VND), Indonesian Rupiah (IDR), Indian Rupee (INR), and Chinese Yuan (CNY) the closest among other world currencies.

Question #5: It seems you’ve been away for quite some time.  What have you been up to and why did you pull away?

  • DD Answer: Well, I did pull back for a while but I was still very much involved in many things I believe will help Dinar followers in the near future that I will be sharing soon.  I was also taking care of personal matters that needed to be handled after over three straight years of 12+ hours a day as Dinar Daddy. I look forward to sharing what I’ve been up to in subsequent Tidbits posts. I have every confidence that despite changing timelines and disappointments up til now, our future as Dinar holders is very bright. We just need to be prepared for the changes and that’s what I look forward to helping with.

Question #6: How do you feel about other Dinar “Gurus”? Who do you feel is credible?

  • DD Answer: I certainly don’t want to get into promoting or putting down of others, so I don’t feel comfortable singling anyone out for positive or negative. With that said, I do feel many bring a much-needed positive atmosphere online about the Iraqi Dinar. If nothing else, some can be very entertaining in their unabashed, unaware, absolutely false, and surprisingly unapologetic prognostications. Any further attitudes I may or may not have about certain “gurus” and their information can be evidenced where their information is continually placed in Dinar Daddy’s Tidbits.

Question #7: I’m completely confused about my options during “cash-in” when the “RV” happens. Can you help me know where to go to get information about that and who to talk to?

  • DD Answer: There is a LOT to know and prepare for, and it deserves a lot of time, care, and consideration. As such, I’ll reinstate the “Cash-In” section of my website for all to review. I’ll also plan on posting more information on the subject that should help. There are just too many questions people have about this, and there are even more things to consider… from cash-in locations, to security, to cash-in time frames, to immediacy of payment, to ensuring the currency is verified and returned to Iraq to meet the demands of the masses cashing in, to the overwhelming number of people trying to cash in at the same time, to greed, to fear, to everything in-between.  I have spend the last 18 months pouring over those questions, preparing for that event, and building relationships to ensure as successful a transition as can be achieved based on ANY scenario facing us. I have a TON of great information to share, and I look forward to speaking to these pressing concerns in future Tidbits posts and on Tidbits Radio.

There are many more questions from readers that involve specific items I’ll cover in the future, but for the purposes of this post I’ll end it with these words about what… I BELIEVE

  • I believe in the words of those originally involved who shared with me the events that transpired to bring this opportunity about.
  • I believe that despite changing timelines, conflicting political agendas, and ever-evolving currency manipulations that Iraq can not be held down forever.
  • I believe Iraq will rise from the ashes as the prophesies have declared.
  • I believe in my own intuition that tells me I’ve made a right move regarding my Dinars.
  • I believe in the wealth of the country of Iraq.
  • I believe in the greed of the world manipulators that will eventually call upon Iraq to replace lost wealth and erase previous mistakes. I believe it will all happen in a way we may not completely anticipate, but the opportunity will be there nonetheless, so long as we’re alert, prepared for many different scenarios, and patient.

Please know there is no bigger fan of the Iraqi Dinar than Dinar Daddy. I am doing all I can to help as many as I can in the time I have left to make a difference for good… please know that and trust I don’t hold YOUR trust lightly. I may not always say what you want to hear, but what I do say is what I believe to be true. All other information I post here for each of you to take in, be aware of, and to choose for yourself what you feel is worthy of your trust.

Go Awareness… Go Preparedness… Go Dinar!

Dinar Daddy

Dinar Daddy’s Tidbits

Dinar Daddy Revealed… Answers Your Questions

All,

I’ve received many emails asking me various questions about the Iraqi Dinar, cash-in logistics, my personal life, and more.  I’m creating this post to answer several of those.  I’ll do my best to be as transparent as possible up to the limit of my own personal and safe boundaries. I’ll provide short answers to the questions within this post for the purpose of brevity.  Some may require further explanation or more in-depth discussion so I’ll have a follow-up series of posts speaking further on those topics.

My answers are solely my personal opinions, are based on my experience, and are not designed or intended to be advice or influence the decisions of others relating to their own personal finances or interests.  I will say this however… I believe in what I share, and I am confident in what I believe.

Question #1:  Do you believe the Iraqi Dinar will increase in value?

  • DD Answer Absolutely!  There is NOTHING I’ve heard, seen, or learned that tells me anything other than the IQD will increase in value.

Question #2:  What do you believe the rate will be?

  • DD Answer I’d prefer to not answer that.  At one time $ 3.92 was the REAL rate given.  Things have changed since then and I feel confident in my continued holdings of the IQD.

Question #3 When do you believe the Iraqi Dinar will revalue?

  • DD Answer:  I would love to answer that question but experience has taught me not to address a date about a situation that is very fluid.  I’m sorry I won’t share more but I don’t feel comfortable answering regardless of what I’ve heard.

Question #4: What are you invested in besides the Dinar?

  • DD Answer: Though I do have a significant belief in the IQD, experience has taught me to not put all my eggs in one basket. Diversity is mostly always a good thing.  Because of that I have holdings in real estate, precious metals (specifically gold, silver, and copper coins), and other foreign currencies.  I follow the Vietnamese Dong (VND), Indonesian Rupiah (IDR), Indian Rupee (INR), and Chinese Yuan (CNY) the closest among other world currencies.

Question #5: It seems you’ve been away for quite some time.  What have you been up to and why did you pull away?

  • DD Answer: Well, I did pull back for a while but I was still very much involved in many things I believe will help Dinar followers in the near future that I will be sharing soon.  I was also taking care of personal matters that needed to be handled after over three straight years of 12+ hours a day as Dinar Daddy. I look forward to sharing what I’ve been up to in subsequent Tidbits posts. I have every confidence that despite changing timelines and disappointments up til now, our future as Dinar holders is very bright. We just need to be prepared for the changes and that’s what I look forward to helping with.

Question #6: How do you feel about other Dinar “Gurus”? Who do you feel is credible?

  • DD Answer: I certainly don’t want to get into promoting or putting down of others, so I don’t feel comfortable singling anyone out for positive or negative. With that said, I do feel many bring a much-needed positive atmosphere online about the Iraqi Dinar. If nothing else, some can be very entertaining in their unabashed, unaware, absolutely false, and surprisingly unapologetic prognostications. Any further attitudes I may or may not have about certain “gurus” and their information can be evidenced where their information is continually placed in Dinar Daddy’s Tidbits.

Question #7: I’m completely confused about my options during “cash-in” when the “RV” happens. Can you help me know where to go to get information about that and who to talk to?

  • DD Answer: There is a LOT to know and prepare for, and it deserves a lot of time, care, and consideration. As such, I’ll reinstate the “Cash-In” section of my website for all to review. I’ll also plan on posting more information on the subject that should help. There are just too many questions people have about this, and there are even more things to consider… from cash-in locations, to security, to cash-in time frames, to immediacy of payment, to ensuring the currency is verified and returned to Iraq to meet the demands of the masses cashing in, to the overwhelming number of people trying to cash in at the same time, to greed, to fear, to everything in-between.  I have spend the last 18 months pouring over those questions, preparing for that event, and building relationships to ensure as successful a transition as can be achieved based on ANY scenario facing us. I have a TON of great information to share, and I look forward to speaking to these pressing concerns in future Tidbits posts and on Tidbits Radio.

There are many more questions from readers that involve specific items I’ll cover in the future, but for the purposes of this post I’ll end it with these words about what… I BELIEVE

  • I believe in the words of those originally involved who shared with me the events that transpired to bring this opportunity about.
  • I believe that despite changing timelines, conflicting political agendas, and ever-evolving currency manipulations that Iraq can not be held down forever.
  • I believe Iraq will rise from the ashes as the prophesies have declared.
  • I believe in my own intuition that tells me I’ve made a right move regarding my Dinars.
  • I believe in the wealth of the country of Iraq.
  • I believe in the greed of the world manipulators that will eventually call upon Iraq to replace lost wealth and erase previous mistakes. I believe it will all happen in a way we may not completely anticipate, but the opportunity will be there nonetheless, so long as we’re alert, prepared for many different scenarios, and patient.

Please know there is no bigger fan of the Iraqi Dinar than Dinar Daddy. I am doing all I can to help as many as I can in the time I have left to make a difference for good… please know that and trust I don’t hold YOUR trust lightly. I may not always say what you want to hear, but what I do say is what I believe to be true. All other information I post here for each of you to take in, be aware of, and to choose for yourself what you feel is worthy of your trust.

Go Awareness… Go Preparedness… Go Dinar!

Dinar Daddy

Dinar Daddy’s Tidbits

Info on Dinar Daddy’s Tidbits…

All,

I’m posting this due to their being so many new followers on Dinar Daddy’s Tidbits to help everyone who accesses this site understand what information is presented on this site, and to help set expectations for what, how, and why things are done the way they are here on www.TheIraqiDinar.com. I consistently receive emails from readers who get upset with posters and their information, or who get upset with me thinking I support such information or am pumping that information.  This is my response to those concerns, and to discuss once again how this site is set up as I’ve stated.

First of all, following everything there is to publicly AND privately know about the official currency of Iraq, the Iraqi Dinar (IQD), the government of Iraq (GOI), the world currency markets, the International Monetary Fund (IMF), geopolitical events, the Vietnamese Dong (VND), China’s movements, Iraq’s oil games and production capacities and improvements, and so on can be extremely difficult and very confusing. Dinar Daddy’s Tidbits was created to organize the confusion, bring sanity to the speculation, and draw together all the various sources of information into a single location for reference without the drama of forum fly-by posters, the lies of site owners who have a captive audience who can’t compare their information against that of others, and so on.  It was created and remains in its purpose of being “ALL THINGS DINAR-RELATED”.

Knowing the above premise, the next step was to develop of method of sharing that information in an unbiased way but that, based on what exactly was shared or proclaimed in a given post, would give the reader a point of reference to establish their hopes and emotions to that particular guru’s or other poster’s statements online.  What came from that desire were the various categories/sections on the site.  What was ultimately decided upon were the following categories:

  • Latest Rumors: Unverified… Read with Skepticism: Posts within this section are pulled from various other dinar-following sites and forums, are ALWAYS the words of others, and are never verified or verifiable. I post their rumors here to help readers have access to the latest news, energy, and beliefs coming from people like you and me. My belief is that one can’t get the entire picture of the Dinar if they don’t also have access to the thoughts of the few and/or the masses that can’t be verified.  Take the information within this section for what it is… hopeful, positive, and unverified. I leave it at that for each reader to come to their own conclusions about what was said, who said it, and so on.
  • Latest Doozies: RV Claims… Do Not Believe!!!: Posts within this section are pulled from various other dinar-following sites and forums, are ALWAYS the words of others, and are never verified or verifiable.  Furthermore, these posts tend to be much more bold in nature as their proclamations tend to share specific dates of when something will happen, amazing IQD exchange rate changes, and over-the-top announcements. Over the years, it seems there have been certain certain self-proclaimed “gurus” who regularly find themselves within this section and that of “Latest Rumors”. Though the purpose of both sections is not mean to disparage anyone, the fact their information continually finds its way here and then has a history of continually being wrong, many have found the sections to be a great barometer of the character and believability of those individuals. The “Latest Doozies” are fun to read, if not for believability, for entertainment and uplifted hopes.
  • Latest Chats & Posts: Posts within this section are typically from those who are more well-known within the online Dinar-following world.  Their information is typically a concept, instructional, informational, educational, and/or speculative. In any of the mentioned cases, the poster identifies it for what it is, and never is the information shared in this section a proclamation of something that is coming imminently, or an unabashed statement claiming inside information, date, and rate. I am not claiming all the information is always accurate, but at least it’s coming from credible posters who provide disclaimers about their information. Bottom line, information placed in this category is credible, educational, and definitely worthy of consideration and discussion.
  • Latest News Articles: Posts within this section are taken from various news sites throughout the web that pertain to world currency, Iraq, Iraq oil, dinars, IMF activities that could affect the USD (Dollar), the IQD (Dinar), and so on.
  • Tidbits by Dinar Daddy: The information and posts placed within this section comes exclusively from and written solely by Dinar Daddy.  There are NO others allowed to place their thoughts or information within this section.  I use this section for information and thoughts I have, announcements pertaining to the website, and certainly credible information I have to share about the Dinar and other world currencies.
  • Latest Forex News: This section provides live auto feeds from a couple of the top Forex following websites on the net.

I hope this helps all put into perspective the information being shared on Dinar Daddy’s Tidbits and where it’s being placed, as well as the challenge of bringing forward “ALL THINGS DINAR” into one location in a way that can retain the credibility of the site and in a way that make it easy to follow for reader reference.

Go Dinar Daddy’s Tidbits… Go World Currencies… Go Dinar!

Dinar Daddy

Dinar Daddy’s Tidbits

Central Bank of Iraq’s Dinar auction sale exceeds $171 million USD on 26 December 2013

12-28-13 Baghdad (IraqiNews.com) The Central Bank of Iraq reported in statement received by IraqiNews.com “During Thursday auction session, the CBI sold USD $ 171,988,000 at price of 1166 Iraqi Dinars with the participation of 19 banks.”

”The price of bank transfers sales reached 1179 Iraqi Dinars per $ 1 USD including the commission deducted by the CBI while the price of US dollar cash reached 1171 Iraqi Dinars,” the statement added.”

The CBI will continue selling US dollar in return of 1166 Iraqi dinar within the same commission,” the statement pointed out.

LINK

Dinar Daddy’s Tidbits

Analyst: delete zeros from Iraqi dinar needs a political decision

Still citizens waiting to start implementing the project to delete the zeros of the Iraqi dinar for several reasons, perhaps the most important of which is the security aspect in the interaction between individuals, as many traders dealing in dollars for the lack of size of the money supply, compared to the Iraqi currency.

member of the Finance Committee in the House of Representatives Abdul Hussain al-Yasiri see that there are problems executive hinder the issuance of paper currency new ones cost prohibitive to print. On the other hand predicted a member of the Finance Committee in the House of Representatives Abdul Amir al-Mayahi to start implementing the project to convert the currency within the next two years because of the large number of financial transactions, the current between individuals and government agencies.

Ruled out the former deputy governor of the Iraqi Central Bank appearance of Mohammed Saleh be embarking on the deletion of zeros from the dinar during the next year because the implementation of this project need to political and economic stability, and next year will see legislative elections.

To that sees economic expert Abdul Rahman al-Mashhadani that delaying the implementation of the project to delete zeros dinar waiting for a political decision and not economically because the dispute on this issue is the quality of the images printed on the new currency.

Mashhadani and adds that the central bank intends to issue coins in great financial value that negate the need to deal in U.S. dollars in the Iraqi market.

LINK

Dinar Daddy’s Tidbits

The Bonds must be released before the change in value of the Dinar

12-5-13 ScottiG (via kktwahoo):    I have addressed the release of the 3 Billion bonds which Mr. Turki of the CBI received in Switzerland. I understand a banker there commented that you have to have a currency of value to sell these bonds. These bonds are a critical element to the country of Iraq and financing their currency adjustment. A couple of weeks ago I picked up from one of my financial sources that the Bonds must be released before the change in value of the Dinar. I can’t reveal any specifics of the source of what I am about to share, but leaders in the US financial world just met and addressed the Dinar issue and advised that the bonds must be released prior to the RV and that it is most likely that the change in value of the currency should be seen almost immediately.

In a recent meeting in DC with Maliki and Obama the subject was not as much about terrorism as it was about the war reparations which were laid out from the beginning of the US and allies involved in 2003. What the news did not reveal was that George Bush # 43 was also a part of those discussions. I understand that the pressure is on for the finalization of the change in value of the Dinar. It was only a couple of weeks later that Mr. Turki picked up the 300 Billion bonds.

I have one last bit of information that I believe points to a very positive position for those of us who are waiting for the change in Iraq. In a very recent meeting, the director of the WTO met with the Iraqi parliament and advised them that according to their assessment, Iraq was now 99% compliant with WTO expectations!!! I wonder what the 1% could be. This was relayed first hand so it’s authenticity is without question to me. I have numerous contacts with confirmations of some of the cards internally are valued at a rate of $ 3.44? I believe there is only one way that the value could be at $ 3.44 without an international RV and that is they are still using the USD as their form of pay.

Dinar Daddy’s Tidbits

UST WILL TRY TO ACCOMMODATE AND REDEEM AS MANY DINAR HOLDERS AS POSSIBLE IN ONLY 7-10 DAYS

Money Glare

11-21-2013 Okie_Oil_Man:   THIS ALMOST SOUNDS INCOMPREHENSIBLE BUT THE STATED GOAL OF THE UST IS TO TRY TO ACCOMMODATE AND REDEEM AS MANY DINAR HOLDERS AS POSSIBLE IN ONLY 7-10 DAYS. THAT HAS NO EFFECT ON THE 30 DAY DEADLINE BUT THE LONGER YOU WAIT THE RATE WILL START TO DROP. THE APPOINTMENT PLACEMENT CENTERS WILL BE 24 HRS A DAY FOR 30 DAYS OR AT LEAST UNTIL THE CALLS SUBSIDE ENOUGH TO JUSTIFY THERE REDUCED HOURS.

[Q.   do you believe we will have a shot at appointments on Thursday?]

A.  THATS WHAT WERE HOPING AT THIS MOMENT BARRING ANY MORE UNFORESEEN INCIDENTS.

[Q.  Can you divulge the rate...?]

A.  RATE STILL UNBELIEVABLY HIGH AND HAS BEEN CONSTANT FOR SEVERAL DAYS NOW.

[Q.  do you see this being resolved and all of us who follow the rules at the banks soon?]

A.  ABSOLUTELY YES.

Dinar Daddy’s Tidbits

Another day, another dinar that’s still a dinar

11-20-2013 Newshound Guru Adam Montana Another day, another dinar that’s still a dinar and not a dollar. There’s a quiet lull in the air at this time, with not a lot going on… Parliament is quiet, not a peep about the HCL lately, and still no news on the WTO…hopefully it’s the “calm before the storm” …the plain facts are: There’s nothing to report this week. One thing I do know for certain, however… the Iraqi people aren’t just going to throw up their hands and walk away from all of the hard work and progress that is more and more part of their every day lives. Even though things are quiet right now, do not make the mistake of underestimating their intentions!

Dinar Daddy’s Tidbits

Iraq: Sell bonds for dinar

11-14-2013 Kaperoni:   Article: “Central Bank plans to issue bonds in local currency for the first time since 2003″

Yesterday, the CBI announced they were going to sell bonds denominated in dinar for monetary policy! This is huge as they are going to use this tool (bonds) to lower the market rate. Sell bonds for dinar, creates demand for dinar thus increases the market value (lowers the spread between official rate and market rate).

Keep in mind this plan has nothing to do with the official rate of the dinar. This is an “in country” issue. The bottom line is, nothing is going to happen with the dinar till Iraq gets this rate in line with the IMF requirements. So were not going to see any movement or new exchange regime/Article VIII for at least 45 days…probably 90 days.

Dinar Daddy’s Tidbits

THE DINAR IS READY TO GO

11-11-13 ZAP: THE DINAR IS READY TO GO AS WELL. YES, IT IS ABOUT THAT TIME NOW, AND ALL IS IN READINESS FROM THE TOP DOWN. I EXPECT THE ANNOUNCEMENT TODAY, ACTUALLY, SO WE WILL SEE IF THE SCREENS COME ALIVE. NO REASON NOT TO SEE THEM, OTHERWISE, NOW, AS THE SERVICEMEN IN IRAQ CALLED THEIR WIVES AND FRIENDS ALL EXCITED THAT THE RV WAS DONE IN IRAQ.

PUTIN BOOTED THE M GUY TO DO A SECOND SPEECH ANNOUNCING THIS AFTER HE FAILED TO DO IT IN THE FIRST SPEECH. WAY TO GO PUTIN! HE IS TRULY BEHIND THE EFFORT TO GIVE HUMANITY A HELPING HAND.

SURPRISED? DON’T BE. HE HAS BEEN WORKING TO CLEAN UP HIS COUNTRY AND TO HELP THE OTHERS GET ON THE BALL. HUGE EFFORT ON HIS PART. SAME WITH THE CHINESE ELDERS WHO ARE BEHIND THIS EFFORT TO HELP THE USA BE THE STRONG AND SHINING BEACON IT IS SUPPOSED TO BE

Dinar Daddy’s Tidbits

The mopping up of dinar is going quite nicely

11-7-2013 Tlar:   Article: “Sales of dollar by CBI decline on Wednesday auction.” Quote: “The demand for dollar was ranging on today’s auction around the level of 56 million and 440 thousand dollars which sold in cash.”

56 million is not much cash sold. The auctions are only filling cash demands so one could assume those demands are way down from where they used to be at 200 to 350 million per day.

To me it indicates that the mopping up of dinar is going quite nicely if you assume that the cash markets in Iraq do need some level of replacement everyday. This might be an indication that Syria and Iran are running very low on good dinars and that the independent banks in Iraq are reluctant to attempt to buy dollars at auction using bogus currency because of the fears of confiscation. Either way this number has been in decline for a while now which is good for our investment.

Dinar Daddy’s Tidbits

Finance parliamentary: CBI to maintain the value of the dinar against foreign currency

11-3-13 Tomorrow Press / Baghdad:   The member of the parliamentary Finance Committee Hassan al-Bayati, Sunday, the Iraqi Central Bank to maintain the value of the dinar against foreign currency, considering that this is of the duties of the bank.

Bayati said for “tomorrow’s Press,” “The duties of the Iraqi Central Bank to maintain a balance of the Iraqi currency with foreign currency global for the protection of the citizen and the state for inflation in the currency,” calling on the Bank to “develop a mechanism to balance the process of local with global currencies in Iraq” .

Bayati added that “the central bank to pump foreign currency into the market until that happens there is a balance of Ben local currency and foreign currency because this will raise the value of the dinar against the dollar so happens there is smuggling of hard currency out of the country.”

The central bank held the Iraqi daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of public holidays in which the Bank stops for these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a certain commission.

LINK

Dinar Daddy’s Tidbits