Badr Brigade On The March To Kirkuk

On Saturday, February 14, 2015, unknown gunmen went into a private bank in Baghdad and stole 13 million dollars and 100 million dinars. Iraqi police stated that the robbers wore uniforms and carried automatic weapons. The Iraqi police are investigating the bank robbery in the Rashid District. A Sunni Shiek tribal leader who was travelling by vehicle from southern Baghdad was killed Friday night by … [Read more...]

American Contractor Critiques an Iraqi Dinar Guru Newsletter

Earlier today I received an email from one of my loyal subscribers. Attached to the email was a newsletter/article written by an individual referring to themselves as "Mtn Goat". After reading this newsletter I noticed many inconsistencies and fictional information. I went through the article to do my usual 'fact checking' and made corrections to the information that I deemed inaccurate. Prior, I … [Read more...]

Iraqi Dinar 1260 to the U.S. Dollar CBI Limiting Sale of Dollars to 75 Million

Iraq Financial Banking Sector There are several positive things happening in the banking sector in Iraq. When the Iraqi banking sector eventually becomes stronger, that is when you will start to see an increase in the Iraqi dinar. When you see people have more confidence in the currency, they will deposit their money in the bank.  Budget Scenario On Thursday, January 29, 2015, the Iraqi government … [Read more...]

Iraq Economic Conference Set For Next Week

Central Bank of Iraq lowering auctions sales The Central Bank of Iraq (CBI) had an auction on Thursday, January 29, 2015 of 98.2 million dollars. The auction was not as high as usual, and this is due to the lack of liquidity, lower oil prices and reduced imports into the country. The CBI auctions will be more depressed for a time being and not as high as in the past. The reason is not that of a … [Read more...]

Central Bank of Iraq Purchasing Treasury Bonds

Did you hear what the Central Bank of Iraq (CBI) announced today? They will be supporting the down economy by injecting money into it. The CBI has announced that they will give 5 trillion dinars to specialized banks. The specialized Iraq banks will provide loans to commercial projects to ramp up the economy. The loans will also be for other sectors like agriculture, real estate loans and providing … [Read more...]

Central Bank of Iraq seeks to change the rules for private banks to interact with the government

There is an article published in local Baghdad media that the headline of the article headline read: The Central Bank to take “Measures to boost liquidity” and to facilitate the sale of foreign currency. The Central Bank of Iraq (CBI) has no intention to shutting down the currency auctions. The sales are used to increase the CBI reserves by selling U.S. currency in exchange for Iraqi dinar. The … [Read more...]

Iran Kicks the U.S. Dollar to the Curb

Iran bans the use of the U.S. dollar in all trade in exports and imports.  The governor of the Central Bank of Iran (CBI) has made a decision to replace the U.S. currency with other foreign currencies. The Central Bank of Iran, deputy Gholamali Kamyab said to Tasnim State News Agency while being interviewed. “In trade exchanges with foreign countries, Iran uses other currencies, including Chinese … [Read more...]

Peshmerga Fighters Receiving Weapons Training From Coalition Forces in Northern Iraq

The Peshmerga that have been fighting in northern Iraq has been receiving newly upgraded weapons. The German government deployed their army to help train the Peshmerga fighters in northern Iraq. The pictures are from the social media site Twitter showing the anti-armor weapon Panzerfaust 3 a modern recoilless weapon. The Panzerfaust was designed to go up against Russian armor. The weapons are … [Read more...]

Iraq Gov Looking for IMF Loan to soften Deficit

The Iraqi government has a problem it has a 25 trillion dollar deficit for 2015 federal budget. The government is now going to be buying weapons with oil in a barter system. The Iraq government is short on cash.  There will be a loan coming from the International Monetary Fund (IMF) to help Iraq in the 25 trillion dollar deficit. Source: … [Read more...]