NEWS!  WELL – THIS IS ENCOURAGING!!!!!

Happy “Taco” TUesday,

I just had to share this News from our friends at the IQD Team!

LINK:  

@TheIQDTeam: Between speculators and the central procedures dollar exchange rate up to the highest rate in two years http://t.co/MDquDP9d59/s/tbxc

FULL ARTICLE:

Between speculators and the central procedures dollar exchange rate up to the highest rate in two years

Tuesday 10 March 2015 12:50

Alsumaria News / Baghdad

Continuous rise in the price of the dinar against the dollar despite the central bank action to maintain stability, what is the secret of this rise after years of relative stability? And how they can be met, whether caused by a contraction of the dollar amounts of the market? 

During the past two months have seen the Iraqi market, a gradual rise in the dollar’s exchange rate against the dinar, currently up to 1228 dinars to the dollar, the highest rate up to the exchange rate during the past two years, and while specialists Financial considered that a bubble is due to appear for the speculators, that the experts confirmed This increase was the result of the budget law, which reduced the amount of dollar selling in the auction.

And confirms the Governor of the Central Bank on the relationship, “The rise in the dollar price in the market is slightly due to speculators,” explaining that “this increase came after the Bank has developed new mechanisms to sell the dollar at the auction.”

Illustrates the relationship in an interview with Alsumaria News for, “This rise is due to speculators in the dollar and some groups that were subsist on the bank auction before,” he said, adding that “the bank expected for such a rise in the dollar, which is unjustified and unreasonable and real at the same time “.

Keywords and pointed out that, “This rise is considered normal when you move from one stage to another or from one mechanism to a new mechanism to sell the currency.”

For his part, Economic Adviser to the Prime Minister says the appearance of Mohammed Saleh in an interview with Alsumaria News’s, “The rise experienced by the dollar in the market currently in front of the Iraqi dinar is just a bubble because there are some speculators and Translated in the market,” he said, adding that “the dinar is very strong and is covered by one and a half of hard currency. “

Saleh stresses that “the bank has enough to dispel these procedures bubble within a few hours of shut down and restart the situation to what it was previously.”

As a member of the Economic Committee Najiba Najib Afqatol in an interview with Alsumaria News’s, “The budget bill for the current year 2015 included a restriction or condition within one of its articles, which can not exceed the sale of the bank conducted by more than $ 75 million per day auction, indicating that” the new procedures to sell the currency imposes the existence of documents of any order to buy the dollar by the Bank to participate in the auction banks, and these amounts can be obtained only after 15 days. “

Najib confirms, that “the central bank introduced an appeal to the Federal Court to cancel this requirement in the budget, unexpected gain appeal there to be free to sell the dollar auction the bank, and therefore this will be reflected in the reduction of prices of the dollar.” 

He says economist Hilal Tahan said in an interview for the Sumerian News, “The budget bill for the current year reduced the central bank sales of $ 300 million to $ 75 million a day, causing a rise in the dollar markets.”

Miller adds, “The rise of the dollar against the euro prices worldwide and sterling was another reason for the rise locally, and that the dollar supply in the domestic market is very small, which led to a rise to 1228 dinars to the dollar.”

The dollar price in the local market before the Iraqi dinar gradually up to 1228 dinars to the dollar, compared to 1225 thousand dinars to the dollar over the past month and 1,200 dinars to the dollar through the end of last year 2014.  

~ Mr. IQD

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News! Is the CBI strategizing to “RV” the IQD?

Happy Monday DINARIANS!

Wow what a surprise ending to yesterday’s SuperBowl Game!!! Best news for me is I won $100 in the Football pool.

So, on to my opinion and IRAQI CBI news, courtesy of our friends at the The IQD Team!

My Opinion: I THINK THIS A STRATEGY BEING INITIATED BY THE CBI TO GET IQD OFF THE STREETS!!!

@TheIQDTeam: Dinar fall against the dollar after the central bank’s actions and recommendations budget http://t.co/T7k96maNhw/s/b66l

@TheIQDTeam: Keywords: There is a great desire among the blocks national reconciliation http://t.co/T5S3KgzsuX/s/o_0X

@TheIQDTeam: Economic Commission attributes the rise of the dollar against the dinar to the decisions taken by the Central Bank http://t.co/zkGhjlUTEn/s/nz9T

@TheIQDTeam: Cabinet Secretariat discussed with the governor of the central bank to maintain the dinar exchange rate http://t.co/0QBrhV1Inx/s/i0_2

@TheIQDTeam: Dollar exchange rates due to reduce hard currency raised by the Central Bank http://t.co/TGjrMWp87l/s/f19U

My Opinion: WHY “SO SUDDENLY” WOULD THE IQD LOSE VALUE AGAINST THE US DOLLAR WHEN IT SHOULD HAVE LOST VALUE WHEN MALIKI WAS IN POWER????……

I SAY BULLS#!T – I THINK THEY WILL USE THIS TO POSSIBLY RV THE IQD PERHAPS SOONER THAN EXPECTED!!!

WHAT DO YOU THINK?

~ Mr. IQD

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Super Bowl Half-Time IRAQI Update….

Cool Iraqi News….

@TheIQDTeam: The parliamentary energy: OIL AND GAS LAW TO PARLIAMENT NEXT WEEK http://t.co/0czPjuxmes/s/g-YL

@TheIQDTeam: In the first auction of the dollar after the central determining Mbaath..alpennek sells less than $ 75 million http://t.co/ooPjSUx5ql/s/W_t-

@TheIQDTeam: Central Bank to take decisions to support the development and economy http://t.co/KYlKKZMEiU/s/I9wU

@TheIQDTeam: Central rushing legislation Deposit Insurance Act and declares his coverage of the accounts in banks abroad in… http://t.co/jLsf9fcc6C/s/y_aP

@TheIQDTeam: Rafidain Bank .. introduction of ATM depends on the zeros out currency~~Flashback~~Thanks Going Global http://t.co/y9UbZS40Im/s/i3Ab

NOW BACK TO KATIE PERRY AND THE HALF-TIME SHOW! LOL!!!!

~ Mr IQD

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EVEN MORE NEWS CONFIRMING THAT IT IS PASSED!!!

Thanks to the IQD Team!

@TheIQDTeam: Urgent National Alliance describes approving the budget, the great achievement http://t.co/IHYkwATJcJ/s/ZFE5

@TheIQDTeam: Iraqi parliament approves 2015 budget worth $105b | http://t.co/CCE9sbmZcC/s/41wW http://t.co/2xpcME3iVh/s/4Xlp

@TheIQDTeam: Iraq’s parliament approves 2015 budget following weeks of debate on lower oil prices http://t.co/1xb5RkGq1q/s/c_HT via @WSJ

MORE NEWS! Iraqi Parliament Passes the 2015 Budget!

Happy Thursday Dinarians!

Here are MORE Iraqi News Articles CONFIRMING the Passage of the 2015 Budget! Please note that these were sent to me by the IQD Team to share!

The 2015 Iraqi Budget PASSED Today!

Urgent .. published the text of the 2015 budget law

Thursday, December 29 2 / January 2015 21:41

Published by all of Iraq [where] the text of the draft budget law for fiscal 2015, which passed the House of Representatives at its meeting Thursday.

Click here for Budget
http://ar.parliament.iq/CP/Websites/Laws/Documents/moazanh-2015.pdf

“Khandan” published the text of the federal budget for fiscal year 2015 Act
9:48:  01/29/2015

http://xendan.org/arabic/drejaA.aspx?=hewal&jmara=9129&Jor=2

Khandan – House voted nine minutes of the second legislative term legislative Psonth the first held under the chairmanship of Salim al-President of the Council and in the presence of 259 deputies on Thursday, 01/29/2015, the draft federal budget law for 2015.According to the information department of the House of Representatives in a statement obtained ” Khandan “a copy of it, it’s the beginning of the meeting stressed the importance of al-Jubouri, approving the budget, after a long wait for the Iraqi people have and the consequent delay of significant damage, pointing to the keenness of the House of Representatives to approve the budget, praising the role of the Finance Committee to overcome the problems that have occurred in the vote on the budget After that contributed to the intensive meetings between the parliamentary blocs and the Finance Committee accomplished. Then the Council voted on the budget of the House of Representatives for the financial year 2015, amounting to 424 000 000 000 and 825 482 000 dinars.The Council also voted to balance the Supreme Judicial Council for the financial year 2015, amounting to 411 000 000 000 and 837 534 000 dinars As the voice of the UN High Commissioner for Human Rights for the fiscal year budget in 2015 of $ 20 billion and 600 million dinars. and completed the Council vote on the draft federal budget law for 2015 and submitted by the Finance Committee.The estimated federal budget for fiscal year 2015 revenues of $ (94,048,364,139) thousand dinars, where they are Revenue from export of crude oil is calculated based on the average price of $ 56 dollars per barrel and the rate of export of (3300000) barrels per day, including (250,000) barrels a day on the quantities of oil produced in the province of Kurdistan and (300,000) barrels of crude oil volumes through Kirkuk province. The allocated budget amount of $ 119585322783 thousand dinars for the expenses of the fiscal year 2015 with the planned deficit of the budget 25,401,235,783 thousand dinars and cover the deficit of the internal and external borrowing and amounts retained cash in the Ministry of Finance account. For his part, congratulated the President of the House of Representatives on behalf of the Presidency and the House of Representatives of the Iraqi people on the occasion of the adoption of the financial budget for 2015, pointing out that the adoption of the budget has been over one month for the first time since 2003. Then the Presidency decided to adjourn the meeting.

Click here to view the text of the financial budget for the current year law

http://ar.parliament.iq/CP/Websites/Laws/Documents/moazanh-2015.pdf

Have a GREAT Thursday, and please PLEASE remember that the “Hack” Gurus will not be correct in their calls for the “RV” now happening because the Budget Passed!  

They (i.e. Tony TNT, Blaino, Okie Oil Man, Randy Koonce, Dan @ PTR) have been wrong year after year – look it up for yourself – they are wrong about it, and they will LIE to you about it, just to get you to buy more IQD Dinar from their favorite (or implied favorite) Dinar Dealer!

Is the passage of the Iraqi Budget Important – Heck Yes – and it DOES get us closer to Political Stability since it now proves that they CAN pass important and vital laws!  It also paves the way for the Oil Revenue Sharing with the people of Iraq (i.e. Article 140 and Erbil Agreement)!

I REALLY ENCOURAGE YOU TO LISTEN TO THE IQD TEAM’S CALL Tonight – here is the Time and Phone Info: LINK

~ Mr. IQD

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News! The 2015 Budget Passed!!!!

This news is from The IQD Team – thanks friends!

Link: http://www.theiqdteamconnection.com/iraq-news/jubouri-hails-passage-of-the-budget-and-confirms-iraq-has-not-seen-since-2003-the-law-was-passed-during-the-month

Hey – I’ve got an idea….
Let’s all drop everything we are doing and go join the Iraqis who are “Dancing in the Streets”…. LOL!!!!

Seriously – here is the news:

Jubouri hails passage of the budget and confirms: Iraq has not seen since 2003, the law was passed during the month
1/29/2015 0 Comments

The head of the House of Representatives Saleem al-Jubouri, on Thursday, that Iraq has not seen since 2003 to pass the federal budget bill within one month, praising the efforts of the Board to adopt the current year budget. Jubouri said during the ninth meeting of the Council in the second legislative session devoted to the adoption of the budget, which was held this evening, and followed up with “Alsumaria News”, “Iraq has not seen since 2003, passed the federal budget for the current year law within one month.”
He praised al-Jubouri, the “efforts of the members of Parliament to pass that led to the current year’s budget.” The House voted during its meeting held on Thursday evening (January 29, 2015), the draft federal budget for the current year worth in excess of Al119 trillion dinars and a deficit of about 25 trillion, while the voice to determine the price of a barrel of oil in the general budget for 2015 on the basis of 56 dollars. http://tinyurl.com/p584w39

Have a GREAT Thursday!

~Mr. IQD

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NEWS!!! The Budget will be APPROVED Tomorrow!

LETS FRIGGIN HOPE FOR THIS “MIRACLE”….

@TheIQDTeam: Parliamentary Finance: the budget will be approved tomorrow smoothly and quietly and we resolve all disputes th… http://t.co/RN0AkIxMAT/s/d6J8

~ Mr IQD

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