NEWS!!! Today – Maliki has been castrated by Iraq’s Parliament!

Hello Dinarians,


Iraq’s Parliment just passed the Election Law!

I just saw the news posting on Currency News Hound and also spoke with LJ (from LJ’s Next Step) on the telephone to confirm this news, which Continue reading

Shabibi Explains the Importance of Iraq’s Foreign Currency Reserves!!!

HAT TIP:  Currency News Hound | Direct Source: Almada Newspaper

This is a MUST Read article that was written by Dr. Shabibi and we found to be originally printed by Almada Newspaper.  Thanks also to Currency News Hound’s Twitter feed for bringing this great and informative article to our attention. 

As a courtesy to you, we have bolded portions of the article and even added [comments to simplify the content] at times when we found Dr. Shabibi’s comments more interesting, it is best to spend five minutes and read the full article.

~ Mr. IQD

Foreign currency reserves .. Its importance and some of the results of the truncation of it
by D. Sinan Mohammed Rida Al-Shabibi *

CREDIT: Almada Paper | Central Bank of Iraq

There is no doubt that the government is responsible for fiscal policy in the economy. In contrast, the Central Bank is responsible for monetary policy, any actions that determine the size of the money supply and conditions in order to neutralize inflation and helping to provide a stable economic climate. There are undoubtedly problems plague the relationship between these two powers, especially if they are absent coordination between them.

Goal here is not to go into the details of these topics, but we want to focus on one subject, is of foreign currency reserves or the cover of the national currency. The root of the problem in this area focus on the belief of some, especially within government agencies [maybe he is talking about Continue reading

CBI Gov. Turki: The World Bank did not Intervene Reform Measures

HAT TIP: The Currency News Hound

Published on Thursday, 13 January 1 / December 2012 19:40
BAGHDAD / obelisk: central bank governor denied agency, Thursday, said the World Bank may intervene in the Iraqi political, financial, or the imposition of any conditions on the Bank’s measures to maintain the stability of the Iraqi currency.

Interim CBI Governor Abdul Basit Turki

Interim CBI Governor Abdul Basit Turki

Said Abdul Basit Turki for “obelisk”, on the sidelines of a regular meeting with the World Bank in the Jordanian capital Amman, said that “the World Bank said that what he is doing CBI conduct proper to maintain the stability of its currency.”

Turki added that “discussions with the World Bank addressed the issue of Continue reading

Prime Minister Maliki – Fast Facts – From CNN

HAT TIP: The Currency News Hound

updated 6:57 PM EST 12.10.12
Nuri al-Maliki – Fast Facts
By CNN Library

(CNN) – Here’s a look at the life of the Prime Minister of Iraq, Nuri al-Maliki.

Birth date: July 1, 1950

Birth place: Hindiya, Iraq (some sources say Hilla)

Birth name: Nuri Kamil al-Maliki

Marriage: Married

Children: four daughters and a son

Education: Usul al-Din College, B.A., Islamic Studies, 1973; Salahaddin University, M.A., Arabic Literature, 1992

Religion: Shiite Muslim

Other Facts:
Prono: NOO-ree al-MAA-lick-ee

Changed his name to Jawad al-Maliki while he was in exile.


Parliamentary Finance: The arrival of the delegation from the United Nations to investigate the issue of the Central Bank

HAT TIP: The Currency News Hound

on 7/12/2012

Revealed the Finance Committee in the Iraqi Council of Representatives, on the arrival of a delegation from the United Nations to Baghdad, to investigate corruption files in the central bank.

A member of the Finance Committee Iraqi List MP Hassan Auzmn in a press statement that a delegation from the United Nations arrived in Baghdad during the past two days, adding that the delegation includes experts to investigate the cause of the central bank and corrupt files raised Continue reading

Shabibi: Suhail is wrong to accuse me of corruption and Iraq did not lose his money fils!!!

HAT TIP: The Currency News Hound

Well, looks like Shabibi is now finding it to be the right time to start talking and criticize Maliki’s efforts to take over the CBI!

This may be a very positive sign that Maliki’s days as “Dictator” are now nearly over!!!

~ Mr. IQD

Confirmed former Bank Governor Sinan al-Shabibi said deputy speaker of parliament Qusay al-Suhail erred in estimating things, noting that Iraq has not lost his money penny-day administration of the bank.

Shabibi said during hosted in Studio ninth time on MBC Baghdadiya and submit colleague Anwar al-Hamdani “The committee tasked with investigating the issue of the central bank were not professional in their work and were not accurate in its report presented to the House of Representatives.”

He added that “the central bank shares in maintaining the Continue reading

WOW!!! CBI Auction is WAY Down From Norm!!!

HAT TIP: LJ’s Skype Room

US report says Iraqi auditors believe up to $800M is sent out of Iraq illegally each week

This article may just explain why today’s Auction was DOWN over $100 Million USD than “normal”!!!

~ Mr. IQD

HAT TIP: The Currency News Hound

Wow is all we could say when we just saw the latest CBI Currency Auction!!!

The sales were about $100,000,000 LOWER than the normal average CBI Auction!!! Why???

Is it due to the Holiday they just had???

Is it due to the crackdown on the illegal funneling of USD to Iran???

Or is it coincidence and nothing to worry about….. (eh-hem, clearing my throat!)

You Decide – maybe it’s nothing….

~ Mr. IQD

CBI Daily Currency Auction for Oct 30, 2012
The latest daily currency auction was held in the Central Bank of Iraq on the 30-OCT-2012. The results were as follows:

Number of banks 18
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 163,050,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 163,050,000
Total offers for selling (US$)