THE DINAR OBSERVER DAILY Oct 22nd

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*** Current Posts ***

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Kaperoni - Article:  “A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation“  Quote:  ”that the deletion of zeros from the Iraqi currency will be working by next year,” This sentence implies that this is a process rather than an event…   Here is the IMF statement on Iraq...”In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”
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Tune in for our Round Table Chat w/Millionday @ 1:00PM EST – today (10/22) in the DU Chat Room!!

Read More: http://www.dinarupdates.com/

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Frank26 - Articles…referring to the three 0’s to be deleted from the currency in 5 years…the article states the three 0’s are being deleted from the currency, not from the rate;  The three 0 notes will coexist for at least 5 years with the new currency; understand the difference in lifting the three 0’s from the rate vs lifting the three 0’s from the currency – the articles refer to lifting the zeros from the currency…
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Poppy3 - …BACK WHEN THE PARIS AGREEMENT WAS MADE MANY OF ALL THE COUNTRIES, USA, CHINA, VN, FRANCE AND MANY MANY MORE ALL AGREED AND FORGAVE LARGE % OF WHAT THEY WHERE OWED. THEY THEN AFTER FORGIVING LARGE AMOUNTS, SOME REPORTED AS MUCH AS 60% OF DEBT, THEY TOOK DINAR FOR THE BALANCE WITH THE UNDERSTANDING THAT THEY WOULD CASH IN POST A RATE CHANGE…THEY WERE NOT PLANNING OR EXPECTING A ONE TO ONE RATE…THEY KNEW THE PREVIOUS VALUE OR MORE. THIS IS ANOTHER AND PERHAPS THE BEST ARGUMENT THAT THE RATE WILL BE VERY GOOD FOR ALL OF US.

THERE WILL BE THREE RATES ACCORDING TO TALKS WITH REGIONAL BANK PRESIDENT OVER A YEAR AGO AND HE WAS IN CHARGE OF 15 MAJOR BRANCHES OF THE BANKS. HE SAYS THERE WILL BE A CBI RATE,  THEN THERE WILL BE A US BANK RATE AND SAME FOR ALL AND ONLY SLIGHTLY 1 TO 2 % MORE THAN CBI,  THEN THERE WILL BE A UST RATE AND THAT WILL ONLY BE AVAILABLE TO THE BANKS.   IT WILL BE FROM 1 TO 8% MORE THAN THE BANK RATE YOU AND I WILL RECEIVE. THIS IS WHERE THE BANKS WILL MAKE MILLIONS AGAIN PROVIDING RECOVERY FOR MANY OF THEM.
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Bondlady & tlm724 - Article quote:    ”the committee is trying to formulate a new law has the consent of all the political blocs to be passed and voted on during the current parliamentary session“   ALL the things you/ we have waiting for are right on the doorstep! I am just so excited about the forthcoming days!   I’ll say this, the kurds were sworn in, new HCL law in the works, Erbril agreements all about to be finalized too.
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We were aware of the Chat issue – All better now :)

Read More: http://www.dinarupdates.com/
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Frank26    ITEAM’s message…  “We stand firm with October…We were at the meetings…If nothing happens by the end of October, then we don’t know what…to tell you anymore because we were at the…meetings…and that is not their plan…for next year!”    [ ITeam said they saw the Budget Opened yesterday. Doesn't that mean that they used some of its funds? If that's so, doesn't that mean that they have already changed the rate?]  IMO…Yup.  
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Poppy3 - SOUNDS LIKE THE LIFT THE ZERO’S PROCESS IS STARTING NOW AND THEY EXPECT TO TAKE UP TO 4 YEARS TO GET IT ALL OUT OF CIRCULATION.  LETS GO BOYS LET HER RIP.  ALSO SOUNDS LIKE A FIXED RATE AND NO FLOAT.  TIME WILL TELL.
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Enorrste - Article:  “A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation“    remove the three zeros refers to the removal of the large notes from circulation and nothing else.  Quote:   ”A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation.”  In other words, to “reduce the money supply.”
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home7

Iraqi Dinar/Dollar auction 10-22-14

Currency Auctions Announcement No. (2797)

This daily currency auction was held in the Central Bank of Iraq on the 22-Oct-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 21
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                267,318,000
Total offers for buying (US$)                            267,318,000

Read More: http://dinarupdates.com/blog/

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Aggiedad77 - The articles talking about removing the 000′s in the next 5 years…I believe we are looking at something good here. They are speaking of action that intends to start with next year…being the next week or so by their calendar…and running for up to 5 years…They have long stated that they would allow new and old currency to run in tandem with one another for a period of time, and I believe they continue to say the same thing.

Removing old currency is not an easy thing to do, it will take time…time for it to be drawn in, though they have done quite a bit of that already, time for it to just wear out…etc…to me this is continued good news from the Iraqi’s and their new leadership.  So what can we do….sit back and watch as things unfold over the next few days to a week or so…dig for evidence of new news, watch the word coming out of Iraq…watch what the world is doing to welcome Iraq onto center stage… 
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BGG - [What do you think They are waiting on?]  Right now – I don’t think they are waiting on anything, I think they had a few items to get done and they are moving right forward.  [So...we are waiting on the finger to reach the button...? That's all?]  Not positive – but if recent info is accurate, and it has proven as much thus far…very well could be.

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BGG - [the CBI has know all the numbers in circulation for some time. They also have given the criteria for economic reform which was a fully formed GOI. Why would they even make a statement if there was 1. No intent to revalue and 2. Their numbers did not make sense and a RV was not possible with the current numbers?]  the easy solution to #2 is – use a lower “emergency rate” – which has been talked about. Will it happen (for sure) – who knows?  But they are in a tough way and it would be an easy way out of 35 trillion in circulation.
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tman23 - I don’t believe in an emergency RV…I believe we are witnessing the planned event that ran into mitigated circumstances directed by Iran and Maliki… I am thinking an international reinstatement with a rate of $3.48 that will show from Nov 3rd to the first of the year and then the zeros will be lifted from the notes…JMO.
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Kaperoni - Article: “Deletion of zeros from the Iraqi currency“    IMO, I would rather see a gradual appreciation of the dinar based on economic investment as the IMF Article IV doc states. It’s much safer and we are assured a substantial return on the investment if Iraq succeeds. I am not so sure this delete zeros (or should I say their is no guarantee) is good for us.  …nobody knows 100% what Iraq will do.  I am still very hopeful the IMF will lead the way here.
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Mountainman - Just My Opinion But Seeing how The GOI is Reopening The Previous Laws from The Sadaam ERA…It makes Perfect sense that they would Also Reinstate That Rate = $3.21!   That being said IMO…I don’t see any reason for The Paris Club Members/Coalition Partners To Have ANY Incentive to Hold Contracts in DINAR for their Payback for Anything LESS!   Knowing that WHEN Iraq Goes LIVE w/ The ISX…The World Will FLOOD Into IRAQ Like PIGS On SLOP…Then That RI  RATE Will SKYROCKET… Don’t FORGET about ALL the SKEPTICS who Are Going to Have “EGG” On their Faces…You Know the Ones Who Said “THE DINAR” Is A Scam ect…Yah then They Will Flock To Invest In IRAQ…And that Will Change Our World’s Economy In Powerful Ways!
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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Enorrste - Article:  “Deletion of zeros from the Iraqi currency“  …how can ANYONE be contemplating that they are even considering a LOP?  The simple fact is that a LOP is NOT in the cards.  The IMF has stated quite clearly in the last quarterly update on Iraq that they are quite satisfied with the STABILITY of the dinar over the last several years, and that they look forward to the GRADUAL appreciation of the dinar in the near future.  Turkey LOPped zeros because they had 2000% inflation.  Iraq has about 4% inflation.  The process, and that is what this will be, is one in which, after moving to Article 8 of the IMF charter, Iraq will allow its currency to float.  The opening of its currency to the world, Article 8, will allow two things to happen:  first, the influx of goods and investment into Iraq from the outside; and second, the raise in the value of the dinar.  

In time, beginning next year (not necessarily January 1, incidentally), it will become necessary to begin removing the large notes from circulation (remove the three zeros) as the VALUE of the dinar rises.  The actual risk here is DEFLATION, rather than INFLATION, because the same dinar will become more and more valuable (the opposite of inflation).  Removal of the large notes from circulation will reduce the money supply gradually as the value rises, thereby reducing the risk of deflation, as we know it, and the risk of inflation (too many dinars) as the Iraqi’s know it (too much money).  Nothing has changed.  The plan is about to unfold…Remember, if an RV were in the cards, then Greece would have done it years ago to get out of its little pickle.  But an RV does not work.  It is really just that simple.  There is no free lunch.  Economic growth is the only way to bring the dinar back to its pre-war value. 
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Millionday - TODAY [MONDAY] IS THE DAY THAT CBI WENT BEFORE PARLIAMENT.    THEY DISCUSSED CONTROLLING MONEY LAUNDERING ISSUE TRADED FUNDS — THE MONEY SUPPLY IN CIRCULATION AND THE BANKING LAWS THAT GOVERN CBI.   Article quote:  “al-Jubouri received today the Amir of the Islamic Group of Kurdistan Sheikh Ali Baber, and discussed with, during the meeting, the political and security situation in Iraq.”   IT LOOKS AS IF ALL ISSUES ARE BEING RESOLVED BY THE KURDS AND THE IRAQIS. THIS WITH THE MEETING WITH THE CBI IS NOTHING BUT GREAT.
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Delta - Interior and defense ministers have been welcomed by UN.  Regarding the ISX, they are working to attract international investors, however they cannot trade internationally without an international rate;  X-stream is the international trading platform, and the ISX is to be back up on Oct 26.
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Economic parliamentary: Iraq in fund balance DFI reach 24 billion dollars

Alsumaria News / Baghdad - Committee revealed the economy and investment parliamentary, Monday, that the balance of Iraq in the DFI fund is $ 24 billion, as pointed out that the deletion of zeros from the currency will be in the next year…

Read More: http://dinarupdates.com/blog/

Economic parliamentary: Iraq in fund balance DFI reach 24 billion dollars

Alsumaria News / Baghdad - Committee revealed the economy and investment parliamentary, Monday, that the balance of Iraq in the DFI fund is $ 24 billion, as pointed out that the deletion of zeros from the currency will be in the next year…

Read More: http://dinarupdates.com/blog/
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Frank26 - the ISX is closed, and understand what that means; with the articles coming out that there is an upcoming meeting of the GOI and CBI, know that the meetings have already taken place, I Team was guarding in the meetings and they are done; the GOI has opened and recalculated, and passed the 2014 budget. Be aware that after Oct 26, it is a new year in Iraq, so the article stating the three 0’s will be lifted “next year” understand that after the 26th it is the new year (note: Muharram 1, 1436 A.H. on the Islamic calendar is Oct 25 on the Gregorian calendar).

I Team has confirmed that budget has been opened, recalculated, passed, and IMO, the new software is being loaded on the ISX, and IMO, contains the new rate;  no one knows the date or the rate, however based on what they are telling us, how can the ISX come back up at 1166?  What about the rate?   …it does not really matter what the rate comes out at, it is poised and structured to take off from whatever it comes out at;   I Team says they still stand firm with October, they were at the meetings and heard the plan; watch the official Gazette.
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tman23 - The Central Bank Governor disclosed that the State budget will be sent to the House in the next couple of days to read and vote on them.

“He said that the budget bill will be completed in the next couple of days “, stating that” the Bill will be sent to the House after completion of the read and vote on them. ” He was speaker of the House of Salim Al-Juburi said, on Sunday (October 19, 2014), the State budget does not include Parliament, noting that the second issue for the Council Presidency…  SO WE HAVE 2 ISSUES TAKING PLACE…  The CBI Governor dealing direct with the CoM on the state budget which doesn’t involve Parliament and a second issue for Parliament… The BUDGET does and always involves Parliament..It may be the NEW ‘VALUE” NUMBERS that the CoM has to draft that is the First issue…
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Tlar - Rate 1 to 1.  When?  This week.  The stock markets will be testing by the 23rd.  Active the 26th.  Abadi asked the IMF last Saturday for a couple of days otherwise it would have gone last night.  Thursday is likely day.  He has his reasons and they are legit.  2015 budget to be opened when done.   Will be another rate increase in it agreed to by Iraq.  US is responsible for low rate to start.   IF I AM WRONG THIS IS MY LAST POST.
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Urgent ..ris House of Representatives heads to Kuwait at the head of a parliamentary delegation

{Baghdad: Euphrates News} orientation Parliament Speaker Salim al-Jubouri, on Tuesday to Kuwait at the head of a parliamentary delegation.

The media office said al-Jubouri, told {Euphrates News} today that “House Speaker Salim al-Jubouri, went to Kuwait on Tuesday at the head of a parliamentary delegation.”

It is hoped that looking Jubouri officials in Kuwait with the conditions of the region and a number of common issues and parliamentary cooperation between the two countries and Alhqiqin…

http://www.dinarupdates.com/showthread.php?14599-The-Dinar-Daily-Tuesday-October-21-2014&p=80164&viewfull=1#post80164
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Poppy3 - THE ONLY THING BEING DISCUSSED BY THE GOI AND PARLIAMENT AT THIS POINT HAS ALL BEEN FINANCIAL IN REGARDS TO THE BUDGET AND GETTING ALL THEIR PROJECTS OF REBUILDING STARTED BACK. THIS IS GREAT AND THEY ARE FOCUSED ON FINANCIAL REFORM.   EXPECT MORE GREAT MOVEMENT IN PROGRESS ALL THIS WEEK.
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tman23 - Abadi and the CoM can place whom ever they want in the CBI position and Maliki made that quite clear when he appointed Ismail, it is on record at the cabinet of Iraq…That said; the lifting of the zeros is more than just one mans decision and there is a board of directors of the CBI…The Boards members are involved in other financial institutions such as trade bank etc…And Trade Bank is operated by JP Morgan…so the governor of the cbi is not the only one that can or will push the botton to get this going.
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Millionday - IF THE ISX GOES GLOBAL ON THE 26TH THEY WILL NEED TO HAVE A REALITY RATE FOR FAIR TRADE WITH THE GLOBE.   [can they open the ISX as stated and not trade global?]   I DONT KNOW…THEY MAY BE COMPLETELY READY AND THEY MAY NOT BE — WE WILL HAVE TO SEE IF ALL GOES WELL AND THEY ARE DONE WITH ALL THEY WANT TO COMPLETE – I KNOW THEIR GOAL IS TO OPEN TO A MARKET ECONOMY AND THAT IS PART OF IT.
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home7

Iraqi Dinar/Dollar auction 10-21-14

Currency Auctions Announcement No. (2796)

This daily currency auction was held in the Central Bank of Iraq on the 21-Oct-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                247,265,000
Total offers for buying (US$)                            247,265,000

Read More: http://dinarupdates.com/blog/

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Hub - [The three zero's has to be deleted in order to lower the note count to 1billion dinars, the note count has to be lower in order for a RV.    .00086 is the rate so dropping 3 zeros = .86?]   it does not mean .86 cents, that is the multiplier for the 1166 dinar per dollar…the term dropping the zeros means bringing the value of the currency to an rv’ed rate.   the thing to remember is a dinar is worth what a dinar is worth no matter the size of the note.

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TD - I too have confirmed with my source that the last two remaining ministers have indeed been named and approved.  Iraq’s government is just a new born baby and just now making baby steps trying to find itself amid a whole host of problems and obstacles.
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tman23 - They are talking about the color of the wallpaper to be used in the New CBI lobby… WE all know for a fact that all indicators point to an underlying monetary change that they are busy concealing from public view…… AND the BIGGEST CONFIRMATION is ALL REQUIRED LAWS have been passed….otherwise why would  Speaker Jabouri be questioning the zeros….

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Economic parliamentary confirms the deletion of zeros from the Iraqi currency next year

BAGHDAD / Source News / .. confirmed the parliamentary Economic Committee, Monday, that the deletion of zeros from the currency will be next year.
According to committee member Abdul Salam al-Maliki in a press statement that “the deletion of zeros from the dinar will be next year after reaching Central Bank reserves 76 billion dollars in addition to 24 billion dollars in the Fund / EDF Ai / As exceed the ceiling of the currency Almtdoualh in the domestic market 40 trillion dinars. ”…

Read More: http://dinarupdates.com/blog/

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tman23 - Barzani demands to transfer economic power from the public to the private sector which will move against political instability…and the conversation leading to Kurdistan in the REMOVAL of the 3 zeros before the end of the year…I was told this is one of the Kurds conditions to participate in Iraq government…The ESX plans on opening “by years end” and they will not open dealing in IQD and 3 zeros.
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BGG - There are no “baskets” - if and when the IQD adjusts – it will be all alone and on it’s own merit.
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Poppy3 - GUYS THINGS ARE SHAPING up for a pay day at anytime. HERE IS A VERY DISTINCT POSSIBILITY…AS YOU KNOW PARLIAMENT HAS CALLED THE CBI LEADERSHIP ON THE CARPET AND scheduled them for Monday OR TUESDAY.  THEY ARE BEING CALLED ON THE CARPET TO EXPLAIN WHY THEY HAVE NOT RAISED THE RATE AND STARTED REMOVING THE THREE ZERO DINAR FROM CIRCULATION.  I SUSPECT SINCE THE BUDGET WAS APPROVED AND SHOULD SHOW IN THE GAZETTE ANYTIME NOW THAT THESE OLD BOYS AT THE CBI WOULD MOVE TONIGHT OR TOMORROW TO START THE REMOVAL TO GET THE HEAT OFF OF THEMSELVES BEFORE THEY HAVE TO APPEAR. WE WILL SEE BUT THINGS REALLY LOOK GREAT FOR US AT THIS TIME.  
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/showthread.php?14591-The-Dinar-Daily-Sunday-October-19-2014

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Breitling - Everyone is stuck on the ISIS…what people don’t realize is that it was triggered by Sunni and Shia groups…they hate each other.  It’s a civil war…it’s not in Iraq it’s in the middle east.  It’s very simple.  If we understand this it’s not ISIS but a Shia vs. Sunni problem.  It’s not going to go away…anytime soon.  So where does that leave us?…Can they grow their economy under this situation at a fast pace like they were doing before?  Can they increase their currency?  Absolutely.  Can they get it to the $3 rate…with just oil production?  They already did before Saddam Hussein started messing around…so those are yes answers.
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My Ladies - WELL TODAY IS THE 19TH AND WOULD SEEM THAT WE HAVE BEEN ASSIGNED THE TASK OF DIGGING FOR THE RATE THAT WE ARE TOLD BY ITEAM IS OUT THERE. SO WHERE TO BEGIN? FROM THE ISX WEB SITE …IS A PDF ADDRESSED TO “THE COMMITTEE OF THE CURRENCIES AND FINANCIAL INSTITUTIONS”,  FROM THE BOARD OF GOVERNORS THAT HAS GIVEN US THE CLUES WE NEED TO START THE DIGGING.

THE ISX WEB SITE AND ATTACHED…PDF ADDRESSED TO “THE COMMITTEE OF THE CURRENCIES AND FINANCIAL INSTITUTIONS“…IS AN OFFICIAL DOCUMENT GIVING THE PROOF IN WRITING THAT THE BOARD OF GOVERNORS DID IN FACT ANNOUNCE ABOUT THE UP GRADED SYSTEM OF X-STREAM.  IN OUR VERY PRELIMINARY DISCOVERY…BASED ON THE TECHNOLOGY AND THE PARTNERS ON THE PDF IT IS VERY CLEAR THAT IRAQ AND OTHER MIDDLE EASTERN COUNTRIES WOULD ONLY USE X-STREAM TO CONNECT TO NORTH AMERICA. IN OUR OPINION BASED ON THESE FINDINGS WE SEE NO OTHER OPTION FOR IRAQ THAN TO BE INTERNATIONAL WITH A RATE BY THE TIME THE SYSTEM COMES BACK UP ON THE 26TH. 
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home7

Iraqi Dinar/Dollar auction 10-20-14

Currency Auctions Announcement No. (2795)

This daily currency auction was held in the Central Bank of Iraq on the 20-Oct-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 18
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                231,723,000
Total offers for buying (US$)                            231,723,000

Read More: http://dinarupdates.com/blog/

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Kaperoni - Article:  “Mladenov welcomed the completion of the process of government formation“  Quote:  “The United Nations Mission said in a statement: “the Mladenov welcomes the filling of vacant posts in the Government and the ministries of Interior, defence, finance, culture, tourism and migration, women and the State and the post of Deputy Prime Minister and their oath.”   Good to see the UN step up and comment right away in support!
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Poppy3 - OK WE GOT MINISTERS AND THEY ARE CONFIRMED.  NEXT PROCESS IS TO IMPLEMENT FULL FINANCIAL REFORM PROCESS. THIS MEANS DRAW IN AND REMOVE ALL 3 ZERO NOTES IT ALSO MEANS TO ACCOMPLISH THIS THEY MUST ADD ENOUGH VALUE TO THE DINAR THAT PEOPLE WILL GAIN CONFIDENCE IN THEIR OWN CURRENCY AND START USING IT OVER THE USD. THEY HAVE BEEN REMOVING 3 ZERO NOTE FROM THE STREETS FOR A WHILE NOW BUT MILLIONS ARE STILL IN CIRCULATION AROUND THE WORLD SO THEY WILL NEED 24 TO 36 MONTHS BEFORE THEY STOP EXCHANGING THEM.

FROM WHERE WE ARE TODAY THE HURDLES ARE FEWER AND SMALLER THAN EVER BEFORE.  THE BALL IS ROLLING DOWN HILL FOR US AT THIS POINT. THE SPEED AT WHICH THEY CAN GET THIS DONE HAS INCREASED AS WELL…  THEY SAY THEY ARE GOING LIVE ON THE ISX IN JUST A FEW DAYS SO WE WILL BE ON ALERT EVERY MINUTE DAILY NOW AS THEY MOVE FORWARD. THEY HAVE RUN THEMSELVES OUT OF MONEY AND NEED THIS COMPLETED ASAP.   TIME WILL TELL BUT MY EXPECTATION ARE HIGH THAT IT HAPPENS VERY QUICK.
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Live DU Call… w/BGG

from Oct 18th – 8:30pm CST

Smart phone user link – Click here

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BGG - In plain english – the Finance and Economic committee’s have both threatened to “haul the CBI upper mgmt” in front of Parliament – to explain why they haven’t started the program to “delete the zeros” - I have commented on this NUMEROUS TIMES. This is their next step – if needed.
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Arthur - It should be extremely plain for all to see now that GOI + HCL = RV.  For the very first time we now have the first half of our equation completed with the GOI now all working together as a unified Iraq.  With Barzani and his delegation soon to be in Iraq for decisive action on the new HCL draft which will now be easily consented to by all of the newly inclusive blocs, we will finally have our long awaited end to all outstanding differences between the Kurdistan Regional Government and the Federal Government about the oil.  Per committee member Kawa Mohammed: “The previous problems between the center and the region will now be resolved in accordance with the preparation of a new oil and gas (HCL),” adding that “the committee is formulating a new law has the consent of all the political blocs to be passed and voted on during the current parliamentary session.”  This is what we have all waited what seems like a lifetime to see which should provide the international political and economic confidence necessary for the implementation of all monetary reforms which includes a reality market rate for the IQD.
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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Millionday - THE NEWS IS FANTASTIC…WE HAVE A DEFENSE MINISTER AND AN INTERIOR MINISTER…THE KURDS GOT WHAT THEY WANTED…NOW THEY ARE WAITING FOR THE KURDS TO GET TO WORK WITH THEIR POSITIONS IN THE MINISTRIES AND ALSO HAVE APPROVED THE BUDGET…YES THEY APPROVED THE BUDGET…IT IS NOT IN THE GAZETTE YET UNLESS THEY HAVE PLACED IT AND NOT REPORTED IT AS OF YET.

[is the RV reflected in the budget?]  I DONT KNOW BUT WOULD EXPECT WITH THE DEBT AGREEMENTS AND ALSO THE CONTRACTS IT WOULD NEED TO BE AT A REALITY RATE FOR THAT TO BE DONE.  [What will be their next step of accomplishment?]   THEY WILL START DISTRIBUTION OF THE DINAR AND ALSO ACTIVATE ALL LAWS FOR MARKET ECONOMY.  [When will they be passing and voting the HCL? And if it is passed and voted on, when will it be posted in the Gazette?]  THEY ARE SUPPOSED TO HAVE IT IN PARLIAMENT AT SESSION AND IT IS PRINTED RIGHT AFTER.
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Mnt Goat - So…Saturday 10/18 a parliamentary source for “Twilight News”, has told us that 197 deputies voted in favor of confirming candidate for the bloc Badr Mohammed Ghaban minister of the interior, while the candidate of a coalition of national forces confirmed  Khaled al-Obeidi, with 173 votes to the Ministry of Defense. It is finally done!  There has been some talk about the budget this week. It did not arrive at parliament as expected this week. It has not been passed.  So on Saturday, Finance Minister Hoshyar Zebari said he would work to expedite the completion of the budget of 2014 and sent to the Cabinet for approval, pointing out that the time has come to start work after the completion of the government of Prime Minister Haider al-Abadi.  This is all very good news. The next session of parliament is taking place on Tuesday 10/28 and the budget is on the agenda. I would expect this event to be completed at this time or shortly after. We could get the budget next week. 

The USA is still pushing for approval to send in more troops as “boots on the ground” to fight ISIS. It is my understanding of the situation this will happen next week as the troops are now already on route to Iraqis soil.  There are still many security concerns mainly with the provincial banks. The CBI is not going to RV the currency until they have assurances that these banks can not be raided…  Then when can we expect the RV?  I want to emphasize once again this final announcement  of the IQD going international will not happen until the USA feels the country of Iraq and its government is stable, secure, non-sectarian and is a functional government.  I am no longer saying fully formed government as criteria since I believe this requirement has now been completed. It is the very first “fully” seated government for Iraq since the invasion of 2003.
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TD –  Noteworthy article from THE FINANCIAL TIMES proposes that “Iraq will “almost certainly” run a deficit in 2015“. It goes on to say that the GOI could borrow against it’s reserves but this would bring upon the risk of increased inflation and therefore weakening it’s currency.  I had a chat with my Kurdish friend (an economist) regarding such and he confirms that the current budgetary concerns are real and possibly to get worse going forward.  Although Iraq is receiving military assistance they are responsible for the tab of rebuilding their military. Unfortunately they are still losing military bases and along with it millions of dollars in ammunition and hardware. Coupled with loss of economic productivity is the declining price of oil. 

Although Iraq knows their path forward is a market driven economy and diversification from oil dependence, it is way too early amid the chaos of any infusion of foreign capital investments by MNC’s. Tourism is non existent.  My friend indicates that the CBI (so far) has curtailed through monetary mechanisms any decline in the rate of the dinar BUT that budgetary pressures and continued lack of improvement of the disruptive forces of ISIS could and would yield to unbearable ripple effect pressures on monetary policy going into 2015 as the Financial Times article alludes toAt least in the short term it is quite clear based on all these factors that Iraq simply cannot risk nor pay for any increases in the value of it’s currency.
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home7

Iraqi Dinar/Dollar auction 10-19-14

Currency Auctions Announcement No. (2794)

This daily currency auction was held in the Central Bank of Iraq on the 19-Oct-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 18
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                197,658,000
Total offers for buying (US$)                            197,658,000

Read More: http://dinarupdates.com/blog/

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Frank26 - 
FOR THE FIRST TIME IN TWELVE YEARS WE HAVE A FULLY SEATED AND FUNCTIONING GOI. KURDS ARE ECSTATIC!   THE FINANCE MINISTER IS THEIRS.  AFTER THE 19TH, PARLIAMENT WILL HOLD ON MONDAY…AN UNUSUAL SESSION SO SAYS TODAYS ARTICLES.  WHY?  BECAUSE THE NEW FINANCE MINISTER SAID TODAY THE 2014 BUDGET WILL BE OPENED RIGHT AWAY.  THE HCL TOO HAS BEEN DONE …ONLY NEEDED “SOMEONE” TO IMPLEMENT IT…BUT NO CAN IMPLEMENT IT WITHOUT A RATE.  NOT SURE WHEN, BUT WE NEED TO SEE GOI MEET WITH CBI TO TELL THEM THEY HAVE THE LAWS CBI WANTS.  THIS MOF [MINISTER OF FINANCE]  WAS A BIG KEY TO TURN THEIR CURRENCY INTO SOMETHING OF WORTH …TO THE INTERNATIONAL WORLD!  ITEAM JUST TOLD ME…THE ENVIRONMENT IN BAGHDAD IS AN AIR OF EXPECTATION AMONG THE CITIZENS OF IRAQ!!!
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tlm724 - this is hot off the presses at Parliament  “House of Representatives vote on the complete line-up.  The House voted Directors held today Saturday, 18/10/2014, headed by Mr. Saleem al-Jubouri, head of the Council on the remaining ministries of government formation.  The ministers sworn in the presence of 261 deputies. They are:  1.Mr. Rose Nuri Shaways / Deputy Prime Minister. 2. Mr. Mohammed Salem Ghaban / Minister of the Interior.  3.Mr. Khalid tired Obeidi / Defense.  4.Mr. Hoshyar Zebari / Minister of Finance…
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BGG - Well – the only thing left (as per my last call) is to see how the CBI reacts to Parliament oversight – or if they just go ahead and “do this” before they have to face the music (so to speak)…
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Security ministers reportedly got 197 (interior) & 173 (defense) votes. They are in!!
http://alliraqnews.com/index.php/2011-04-18-02-57-37/151421-2014-10-18-11-42-44.html …

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Millionday - THEY HAVE MADE HUGE PROGRESS WITH SAFETY IN BAGHDAD.   THE EXPO IS GOING ON SO IT CANT BE TOO SCARY OR INSECURE…– I KNOW IT ISNT IDEAL BUT SEEMS TO NOT STOP THE CONTRACT VISITS.
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Bondlady - …kurds, before swearing in today, went to the fed gov and wanted assurances they were gonna get their way if they joined the Abadi gov today.  they wanted fed rulings on some of the laws in question as well as other Erbril points.  the feds said we can’t do that yet as it hasn’t went thru the (basically) the chain of command yet…fed gov says until this is done our hands are tied.  they also gave Abadi 24 hrs from yesterday to bring forth the remaining ministers for the vote to complete the new Abadi government.  as we see going through the news this morning that’s exactly whats happened. the ministers was brought in and put to the 1st vote to seat them and then the huge laws will be put forward for their votes following the seating.  …with the new Abadi gov all things that weren’t done before are all happening now and will soon see the biggest boom of all things taking place in Iraq…
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home7

Iraqi Dinar/Dollar auction 10-18-14

Currency Auctions Announcement No. (2793)

This daily currency auction was held in the Central Bank of Iraq on the 18-Oct-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 7
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                62,050,000
Total offers for buying (US$)                            62,050,000

Read More: http://dinarupdates.com/blog/

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Stryker - FINALLY A FULL SEATED IRAQI GOVERNMENT.  Our best chance in seeing the true value of the Iraqi Dinar is finally here.  Today was the most historic day for Iraq under this new government headed up by Prime  Minister Haider al-Abadi. It was just September 8th,  a little over a month ago since Abadi and  he’s new cabinet was voted in with confidence as the New Government of Iraq and today he  has achieved the formation of the First Real Full Seated Iraq Government. Something Maliki  never did accomplish, nor did he ever want too!   all five Kurdish Ministers were sworn in today as well, making today  the most important and accomplished Parliament Session in the history of the New Republic of  Iraq. With all ministers now sworn in this gives Iraq a real Government since the liberation of  Iraq took place in 2003 and the formation of the new Iraqi Constitution October, 2005.

Parliament session has been lifted today to Monday the 22ed [Monday the 20th?], where we should start seeing  movement on all the stalled laws including and not limited to the HCL, and the 2014 budget  approval process. The Budget though should now be front and center in their upcoming  agendas. We will as always, wait to see but it all sure looks good to be moved forward since  the Federal Courts can not interfere anymore, it’s all up the this new government and  parliament now. I for one have great confidence that they will do what needs done!  As Iraqi dinar investors we have never been in a better spot, a true Iraqi democracy should  mean a global Iraq, with a global valued dinar.  
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Aggiedad77 - It is always really good to wake up to great news about our investment and it seems it is coming rather fast and furious these days…both the Interior and Defense Ministers were voted on in Parliament today and approved…the Kurd ministers were also sworn in…so a triple whammy of sorts…wonder what else this day might bring to us.
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Frank26 - 
We NOW have a COMPLETE GOI.
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Aajl.. Parliament man gives confidence to Ghaban and Obeidi for the posts of interior and defense

b_276_139_16777215_0 ___ images_idoblog_upload_1873_092e815ae45e27d78521b08606ad5067.jpg[Baghdad-where] The House voted in its session today to give confidence to the candidate of the National Alliance MP Mohammed Ghaban for the position of the Ministry of Interior and the candidate of the Alliance of Iraqi forces, Khalid al-Obeidi, the position of the Ministry of Defense. ”

According to a parliamentary source told all of Iraq [where] that “Ghaban got 197 votes and 173 votes, al-Obeidi” follows ..

Read More: http://dinarupdates.com/blog/
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WMAwhite - Breaking News…Ghaban Interior Minister, Obeidi Defense Minister:  “BAGHDAD / NINA / House of Representatives voted in its session today to approve the nomination of the ministers of interior and defense.  A parliamentary source told the National Iraqi News Agency / NINA /: “The House of Representatives voted on the candidates for the Ministry of Interior, Mohammed Ghaban by 197 votes and Defense Minister Khaled al-Obeidi by 173 votes,
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My Ladies - I GOT A CALL …ASKING IF I WAS WATCHING THE NEWS.  THEY ARE TALKING ABOUT CENTRAL BANKS AROUND THE WORLD CO COORDINATING TO RESET INTEREST RATES. …THINGS ARE COMING OUT IN MAIN STREAM MEDIA.  …IT IS MY OPINION THAT THINGS DO NOT HIT PRINT THAT ARE IN PROCESS, WHEN THEY SAY THINGS ARE COMING, THEY MEAN THEY ARE HERE AND WE ARE JUST ASSIGNING CREDIT BY PRINTING IT.  IN OUR OPINION WE ARE VERY CLOSE FROM EVERY CORNER…

(Someone isn’t watching the news very carefully – if this is all there is to say…)
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Millionday - THE MINISTERS ARE TO BE SWORN ON SATURDAY AND THIS UNIFICATION WITH THE KURDS AND IRAQ IS GOING TO CREATE A FORCE — A UNIFIED FORCE.   I COMPLETELY EXPECT THE SWEARING OF MINISTERS…WE SHALL SEE WHAT THE RESULTS ARE AS SOON AS TOMORROW.

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In The Next Few Hours Barzani in Baghdad and Kurdish ministers will begin their day

Second Deputy Speaker of Parliament Aram Sheikh Mohammed, for arrival of the President of the Kurdistan Regional Government Nechirvan Barzani to Baghdad during the next few hours, and among that Barzani will hold the first of his meetings with the Prime Minister Haider al-Abadi …                (w/Millionday comments)

http://www.dinarupdates.com/showthread.php?14587-The-Dinar-Daily-Saturday-October-18-2014&p=79748&viewfull=1#post79748
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Kaperoni - 
It’s absolutely imperative that the CBI open the banking system (IMF Article VIII) for the market economy to succeed.  They “must” move to a new Exchange Regime (some kind of float) when they transition.  The dinar will rise as a result of capital investment..no “ifs”, “ands” or “buts” about it.
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Poppy3 - TOMORROW SHOULD BEAR GREAT FRUIT FOR OUR VENTURE.  WE SHOULD TAKE A GIANT STEP FORWARD IF THEY DO WHAT THEY SAY.  
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Mnt Goat - On Wednesday 10/15 we were supposed to see the candidates once again presented to parliament. …Prime Minister Haider al-Abadi asked parliament once again to extend the deadline to provide the names of the security ministers to within 24 hours. It was granted. So once again the vote for confirming these last two critical positions in Abadi’s cabinet is postponed to next Saturday’s session on 10/18. Abadi wants to make darn sure this time his candidates will be accepted.  He needed yet more time to negotiate with the National Alliance so they will vote and confirm is his favor.

Quick ISIS Update:   in today’s session of parliament Iraq are now seriously talking about a possibility of letting western troops back into Iraq…they are beginning to discuss the possibility that it is no longer an issue to not allow western troops back  into Iraq, it is almost now a necessity. I believe this will occur very soon…the USA already has agreements with Iraq to provide long standing security  with Iraq. I believe that US Forces are now ultimately going to return to Iraq (in force)  to fight ISIS sometime soon in fall of 2014. It is not a matter of “if” but “how soon”.   I think this too is a key to seeing the RV.

Update on the Currency Reform Project:  A member of the parliamentary Economic Committee, Najiba Najib made a request for implementation of the “project to delete the zeros” from the currency.  The Commission asked for the economy and investment representative, earlier, the central bank need to begin the process of deletion of zeros from the currency to raise its monetary value.  Also there was a request from the Finance Committee to do the same this week.  At last we are hearing once again, and in public eye this time, the need to address currency reform.
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House of Representatives vote on the complete line-up


The House voted Directors held today Saturday, 18/10/2014, headed by Mr. Saleem al-Jubouri, head of the Council on the remaining ministries of government formation.


The ministers sworn in the presence of 261 deputies They are:

1. Mr. Rose Nuri Shaways / Deputy Prime Minister.

2. Mr. Mohammed Salem Ghaban / Minister of the Interior.

3. Mr. Khalid tired Obeidi / Defense…

Read More: http://dinarupdates.com/blog/
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Bluedog - I’ve been in this too long to get too excited, but the news is looking really good.
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Backdoc - WITH THE STOCK EXCHANGE SHUTTING DOWN ON THE 19TH TO THE 26TH, I’VE NEVER BEEN MORE HOPEFUL FOR AN INTERNATIONAL RATE!  …ONCE THE IRAQ STOCK EXCHANGE GOES LIVE ON THE INTERNATIONAL PLATFORM THROUGH THE NASDAQ A RATE MUST BE INTERNATIONAL!  THAT’S THE GOOD NEWS!  THE BAD NEWS IS IF THEY FAIL TO RESOLVE THE SEATING OF THE MINISTERS, THE MARKET WILL NOT GO INTERNATIONAL!  THE PRESSURE IS ON THE NATIONAL ALLIANCE TO COMPLY ON THE MINISTER ISSUE. REMEMBER, THE KURDS ARE WATCHING AND WAITING TO BE “ALL FOR ONE AND ONE FOR ALL”.MY GUESS IS THEY WAITING IN THE WINGS OF PARLIAMENT.

ONCE THIS FINAL ISSUE IS RESOLVED WE WILL SEE THE BING, BAMM,BOOM!  REALIZE THIS ALSO MAY RESOLVE AND HAPPEN AFTER THE 18TH AND PRIOR TO THE 26TH. AN INTERNATIONAL RATE WILL HAVE TO BE AT THE BANKS FOR SURE IF IRAQ IS LIVE ON THE NASDAQ!! THERE IS NO OPTION TO THIS ISSUE.  THE ONLY POSSIBILITY THAT MAKES SENSE IS THAT IT WOULD AT LEAST HAVE TO NEED TO BE AT THE TELLER SCREENS BY THAT POINT AS WELL.  COULD THE BANKS PUT A HOLD ON IT TO PUBLIC AT THAT POINT? I DON’T KNOW BUT IT SEEMS UNLIKELY IF STOCKS ARE BEING TRADED IN THE NEW REALITY RATE!!
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Stryker - Article:  ”Kurdistan Alliance:  Federal Court made the Parliament restricted hands in approval of Laws“   QUOTE: Najib said that “the decision of the Federal Court is not empowered and enable Parliament to submit proposals laws means that only the government has the right to submit bills and we are now waiting for them to prepare all the bills that was on the level of security or service in order to begin the procedures of legislation.”  This…article could be arguably the most important article in the history of our investment in the Iraqi Dinar to date.  This is great news my friends because the courts are now out of it and it is all up to Abadi’s government to move THESE MOST IMPORTANT LAWS FORWARD

QUOTE: ”enable Parliament to submit proposals laws means that only the government has the right to submit bills and we are now waiting for them to prepare all the bills that was on the level of security or service in order to begin the procedures of legislation.“  Maliki had he’s corrupt judge hold everything back and why we never saw the RV take place under he’s tenure is my point, but that is over now!  The NEW GOI is in charge of Iraq’s future NOW!   The first day of Iraq’s new history starts tomorrow in my opinion friends!
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Speaker: Abadi promised to submit nominees of security ministries during Saturday parliament session

Baghdad (AIN) – The parliament Speaker, Saleem al-Jobouri, stated that the Premier, Haider al-Abadi, promised to submit the names of the nominees for the security ministries to the parliament during its session on Saturday…

Read More: http://dinarupdates.com/blog/
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tlm724 - Article:  “Najiba Najib: the dispute between Erbil with Baghdad on oil exports almost settled“  Quote:  “revealed a member of the parliamentary finance committee for the Kurdistan Alliance Najiba Najib, on Thursday, that the outstanding problems between the central government and the Kurdistan region on oil exports ‘almost settle’…“  thats coming from a finance minister and a kurd.  Article:  “Minister to postpone the vote on the Kurds to next Saturday“.    Kurds will get sworn in when they settle with Baghdad which will lead to a vote on the budget, that’s how I see it.
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Millionday - PARLIAMENT HAS CALLED ON THE HEAD OF CBI TO COME BEFORE THEM TO EXPLAIN WHY THE 3 ZERO CURRENCY HAS NOT BEEN REMOVED AND WHY THE VALUE HAS NOT BEEN RAISED – ALSO AN ANNOUNCEMENT HAS BEEN GIVEN THAT THEY ARE PREPARED AND ARE READY FOR THE DINAR TO BE RAISED TO A REALITY RATE AND THAT THEY ARE PREPARED TO MOVE TO A MARKET ECONOMY – ALSO THE ISX HAS ANNOUNCED THAT THEY WILL BE CLOSED UNTIL THE 26TH OF OCTOBER TO UPDATE TO X-STREAM — THIS IS TO DO WITH THE OMX NASDAQ PLATFORM THROUGH NEW YORK OR OF NEW YORK STOCK MARKET – …WE CAN SAY THAT THEY HAVE EXPANDED TO A GLOBAL PLATFORM AND THIS IS VERY EXCITING AND ENCOURAGING…DUE TO THE NEED FOR A REALITY RATE OF THE DINAR TO DO FAIR TRADE WITHIN THE GLOBE. 
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Poppy3 - I EXPECT TO SEE RATE ANYTIME BUT WILL FEEL BETTER WHEN THE GET THE MINISTERS SEATED.   I JUST DON’T HAVE THE TIMING OF WHEN BUT I CAN TELL THAT TIME IS VERY CLOSE. 
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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tlm724 - Article:  “Jubouri reveals the nomination of Mohammed Salem Ghaban to the Ministry of the Interior“   looks like we have an interior minister…Jubouri reveals the nomination of Mohammed Salem Ghaban to the Ministry of the Interior and agreed on a candidate to defend Khalid Obeidi, expect to vote on the security ministries next Saturday…so it may not be as quick as we want but it is getting done.
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Adam Montana - Ministers of Interior and Defense still not seated..this one surprised me.  Abadi and the entire GOI seemed to be on a massive fast-track right up until about 2 weeks ago, an now we’re seeing them stall on these two appointments. Fortunately, it’s a simple process – they vote for candidates and Abadi chooses. I don’t foresee this taking too much longer, as things continue to move reasonably smooth in Iraq, despite what this one situation would lead you to believe.  GOI could be moving a little faster, but things are getting done at a faster pace than anytime in the last 8 years.
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Millionday - Article quote:   ”Nabil Elaraby, Secretary-General of the League of Arab States, will travel to Iraq, next Sunday…“    THE ARAB WORLD IS COMING ON SUNDAY IT APPEARS… THE VISIT WAS PLANNED EARLIER BUT THEY DID NOT HAVE ALL OF THE NEW GOV — SO IT APPEARS THEY EXPECT TO HAVE THAT DONE… 
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Abadi Meets With Allawi

BAGHDAD / NINA / Prime Minister Haider al-Abadi discussed with Vice President, Iyad Allawi conditions and political and security developments in the country and ways to resolve the problems in the political process.

Abadi, during the meeting, according to a statement by his press office, stressed “the need to unite the efforts of all the political blocs to push the risk,” noting that “victory over the gangs of the Islamic State (IS) requires more work and joint effort to achieve as soon as possible.”…

Read More: http://dinarupdates.com/blog/

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Poppy3 - NEWS FOR WEEKS NOW HAS BEEN EXCITING AND ALL POSITIVE. NO ONE OR NO GROUP IS HOLDING IT OFF, IT JUST ISN’T THE TIME YET BUT IT IS APPROACHING EVERY DAY AND THE NEWS ALL BACKS THAT UP.  
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tlm724 - Article quote:   “the coming days will witness the hosting Iraqi Central Bank Governor Ali agency relationships, in order to discuss a mechanism to delete the zeros.”   The GOI is ready and wants to move this project forward thats what this means “in order to stand on this file and how to deal with him in the coming period“   I am very excited! I feel very good things coming our way, our patience is about to pay off. The GOI, Abadi and the CBI are all making sure the transition into a market economy is as smooth as possible, the ISX is getting ready to rock out the X-Stream platform ( Nasdaq) all the pieces of the puzzle are coming together.

I would almost bet that the CBI will say we just need to make a few amendments to the current CBI laws on the books to protect our wealth from terrorism and forgery and we are ready to rock and roll and you know once they seat the kurds in parliament making those amendments won’t be hard at all, new players, new attitude, new Iraq!   If there was ever a time this is it and those that know me know that I have NEVER been this excited!  I have never given a window either but we are close and I feel that we will be good to go by the first quarter of the new year, January even if not before, jmo. 
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Millionday - [Can Iraq rebuild their economy without an RV? ]  IF THEY REMAINED WITH BORDERS CLOSED AND HAD NO MARKET ECONOMY THEY COULD FREEZE IN TIME — NOT GOING TO HAPPEN.  THEY CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE AND THE GLOBE DUE TO THE WORLD ECONOMICS AS WE KNOW IT TODAY…THEY ARE PREPARING FOR THE USE OF THEIR NEW DEMOCRACY AND ALSO INTERNATIONAL COMPLIANCE TO MONOPOLIZE ON THE GLOBAL MARKET AND THE WTO – SO GETTING ALL OF THOSE REGULATIONS DONE AND IN PLACE WOULD BE WHY WE HAD TO WAIT…
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Tune in for LIVE DU Call

W/BGG – from Oct 16th – 4:30pm CST

Smart phone user link – Click here

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tman23 - IMO…There will not be an RV until foreign boots are able to assist Iraq with security on the ground…And reports are being whispered that yesterday…21 countries said yes to boots on the ground…Iraq can say no all they want…But be assured that 21 nations are not interested in Iraqi pride being the dictator to how the nations should proceed and spend their money in military assistance…   Simple terms…How many of you think a US Bank or US Treasury are going to give you huge sums of USD for IQD and risk their bottom line on the ASSUMPTION that Iraq will eventually get the security situation under control…NO WAY IN EVVVVER…Banks want collateral and security and Iraq lacks security which jeopardizes their collateral. 

Here is what is confusing…I am told that between Erbil and Baghdad the roads are open and safe to travel now and trade and shipping transfers have resumed…There have been no incidents reported for weeks…So just how much of what is happening is being over cooked?  We know Sunni territory is where the heat is…US coalition wants boots on the ground and extra security.

The only way a RV happens in the short TERM is we need to see US BOOTS ON THE GROUND with foreign countries also.  [Is...what you're saying you don't think this thing is going to happen until there's boots on the ground which probably won't happen until the first of the year?]   I think we need to wait and see if any monetary change takes affect and we get notice Tuesday Nov 4th…day after our Fed Board meets on foreign exchange rates…And the week the Kurds should receive first payment to the region. When I say Nov 4th…it is because of several events that are lining up before that week and during that week…and not all of it pertains to Iraq but rather ties into a bigger ribbon that includes other agencies outside of Iraq…And if I were to bet I would wager on the First week of Nov as of right now…this is all IMHO! 
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Frank26 - THE ARTICLE FROM THE GOI IS EXPLAINING THAT THE 2014 BUDGET IS STUCK …IT NEEDS TO BE FIXED IN ORDER FOR THE 2015 BUDGET TO COME OUT CORRECTLY…THEY WILL HAVE RE- CALCULATE THE WHOLE BUDGET!!!  INDEED … THEY ARE… JUST BEFORE THEY RELEASE A NEW RATE…GOI IS EXPLAINING “THE FEDERAL DRAFT BUDGET LAW “.  THEY ARE EXPLAINING CAREFULLY THAT THEY NEED TO AMMEND VIA THIS LAW THAT THEY ALREADY PASSED ( WE ARE PAST THE LAWS!!!)

THE 2014 BUDGET TO PUT THE 2015 BUDGET IN PROPER ……… ALINEMENT…FOR THE ….”VALUATION OF THE CURRENCY“…. AMEN… AMEN… AMEN. THE LAWS ( I KEPT TELLING YOU!!!) WERE NEEDED FIRST ….. THEN YOU WOULD SEE THE NEW RATE. SORRY…NOT DONE YET….THERE ARE FOUR LAWS THEY WILL DEAL WITH TOMORROW AND THE FEDERAL DRAFT LAW IS ONE OF THEM!!!  THEY ARE A VALUATION OF IRAQ’S CURRENCY BY THE APPROPRIATE LAW TO MAKE IT ACCEPTABLE WITHIN THEIR 2014 AND 2015 BUDGETS. 

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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Adam Montana - (WARNING: I’m about to rant on ISIS. Doom and Gloom ahead!) ISIS not defeated, but not making much headway in Iraq.    Weeks ago people were screaming and hollering about ISIS being 20 miles from Baghdad… Baghdad still hasn’t fallen, so draw your own conclusions there…ISIS is manageable, and I’m confident that they will be dealt with eventually… but unfortunately it’s going to get worse before it gets better…Here comes the bad news…

…what we need is a REAL LEADER to stand up and say “We need to defeat these bad guys, so who is with us?!” – and we don’t have that leader. So unless another country steps up to the plate (which never seems to happen), or something insanely dramatic happens to FORCE the world to act, we’re looking at another 2 years of “the same”…Eventually major action will be taken, ISIS will be handled, and in the meantime Iraq is still making headway… so all is not lost.
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Parliamentary Finance: We will host the central bank governor

Qurtas News / Baghdad - A member of the Finance Committee MP Magda al-Tamimi, Wednesday, said that the coming days will witness the hosting Iraqi Central Bank Governor Ali agency relationships, in order to discuss a mechanism to delete the zeros.

According to Al-Tamimi told the “Qurtas News” that “the file to delete the zeros is the Commission since the previous session, and these days do in order to study and stand on the nature and the barriers that have prevented its implementation,”…

Read More: http://dinarupdates.com/blog/
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Backdoc - 
UNLESS FRANKIE HAS SOME KNOWLEDGE ON THE LAUNCH RATE WE NEED TO BE READY JUST IN CASE THEY DECIDE TO USE A FREE FLOAT MECHANISM!  IF THEY START OUT AT A BUCK…  REMEMBER THAT WE HAVE HAD IN PRINT THAT THE WB, UST, TURKEY CENTRAL BANK, AND THE IMF WILL SUPPORT THE VALUE OF THE DINAR!!! SMILE.
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Kaperoni - Article:   “Iraq Stock Exchange stopped trading session starting from October 19 to launch electronic trading system “x-stream”    If I recall this was suppose to go into effect early 2014 and put off to this fall.  Again, when the banking system is stalled, it appears to slow down progress in all areas.   Activation of investors outside of Iraq into the Stock Market is critical..Xstream is important to the success of that.
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tman23 - A few facts …Fed Board of Governors had an emergency 2 day notice special closed meeting 10/6… meeting dealt with “internal banking procedures and fees/rates” and a topic of foreign exchange…News surfacing that the US, Europe and Japan banks are exercising protocols this week and next in preparation for a “run on the banks”…( I will not speculate as to why the aforementioned facts are happening now but I do find timelines coincidental…And…IMO, The news of the Kurds taking 5 days to select and debate their ministers in Baghdad is “smoke”…All this was agreed to some time ago…But another FACT you can speculate on is the Kurdish government is preparing a full territory financial inventory report that will be turned over to Baghdad by end of this week…These are FACTS…How you assemble and view it is entirely up to you...
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MP: Vote on the candidates for security ministries on next Thursday or Saturday

BAGHDAD / NINA / The head of the (National Reform) parliamentary bloc, Hilal al-Sahlani not voting on the security ministers is a negative point on the legislative and executive branches, so their assigning should be as soon as possible as the country is passing through critical times. ”

He told the National Iraqi News Agency / NINA / “the candidates must have professional personalities and have full knowledge of the security and the military situation and should have political admissibility and acceptability of the regional countries.”…

Read More: http://dinarupdates.com/blog/

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Millionday -  [...true or not...Iraq Stock Exchange stopped trading session starting from October 19 to launch electronic trading system "x-stream" October 14, 2014: To be the last session of trading in the market on Thursday, October 16 and then return in trading Thursday 23rd October?]  THIS IS THE NEEDED TIME LAPSE TO PLACE IT ON THE MARKET GLOBALLY AND THE X-STREAM IS A HUGE HUGE MOVE AND ALSO GREAT NEWS FOR US ALL.  [ the esx and isx are going international with a rate?]  THE ISX AND ESX WHEN THEY GO GLOBAL WILL HAVE TO HAVE A FAIR TRADE PRICE OF REALITY FOR THE DINAR BECAUSE IT IS THEIR LARGEST PRODUCT AND WILL REQUIRE IT.   THE STOCK EXCHANGE WILL HAVE THE RATES ON IT WHEN IT GOES GLOBAL LIKE THIS >>> IQD/USD, AND SO FORTH – THE RATES MAY BE RELEASED BEFORE ISX IS JOINED TO THE GLOBE BUT THEY WILL BE SET FOR THE GLOBAL ENTRY SO ALL CAN TRADE AND INVEST FAIRLY.

IRONICALLY THURSDAY IS LISTED AS THE LAST DAY AND THEN THE OPENING OF THE OLD SYSTEM WILL BE UPDATED AND READY WITH X STREAM ON THE 26TH OF OCTOBER.  KNOW THAT IS TEN DAYS AND WILL BE TESTED AS WELL.   SO THIS OF COURSE WITH ALL THAT WE ARE SEEING AND THE ANNOUNCEMENT OF THE PREPARATION BEING DONE FOR IRAQ` S REALITY FINANCIALLY — THIS IS RIGHT ON TIME.  [the statement about the 26th, does that mean that we have to wait for the 26th?]  NO THAT MEANS THAT IS THE DATE THAT ISX WILL OPEN FORMALLY.   WE WILL NOT HAVE TO WAIT FOR IT AT ALL — WHEN CBI RELEASES THE RATES IT WILL BE DONE – THEY NEED THE CALCULATIONS OF THE IRAQI DINAR FOR THEIR STOCK MARKET DUE TO INTERNATIONAL TRADE LAWS.
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tman23 - I think we need to wait and see if any monetary change takes affect and we get notice Tuesday Nov 4th……. day after our Fed Board meets on foreign exchange rates…... And the week the Kurds should receive first payment to the region….
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tlm724 - Article quote:  “Announced that the Iraqi Stock Exchange to halt trading as of October 19 and next to the launch of the electronic trading system “x-stream”, which will start as of Sunday, October 26 next.”   the ISX is transitioning onto the X-Stream Nasdaq platform.
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Randy Koonce Update

How are you makin it. I am adding a date to archive..Wednesday, October 15, 2014

I want to start off with a lot of BS that has been going around, the TRN Treasury Notes having to be printed… the Basket of Currencies, and the Rate of the Dinar being above 4 dollars….

…Our President has tried to delay this at every turn asking for Iraq to even wait to the end of year… Iraq has turned him down….. I need every one to listen now… to get the president to go alone with this Iraq had to agree to come out with the currency at a low rate until the first of the year… and the US mandated that all the ministers be set.. THAT is why we are still here….. WE believe the Minister will Show tomorrow and if they do then we look for the RV by Monday… NOW I do use the word if again because our Government might get involved and get the iraqis to move the parliament again.. WE are not waiting on TRNs and we expect the rate low .80 to 1.20 this rate will remain for a couple of months then it will go above the 3 dollar rate….

Read Full Text: http://www.dinarupdates.com/showthread.php?14570-The-Dinar-Daily-Wednesday-October-15-2014&p=79450&viewfull=1#post79450
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Kaperoni - Article:   “Najib: the exclusion of the inclusion of the draft budget in the parliament session Thursday“   Was it not a year or so ago when the IMF and World bank came out and told Iraq they were playing with fire being so dependent on oil?  Well, will [with?] oil dropping that prediction is now coming true and Iraq is in a real bind.  They better push them laws through and open the market economy.  This budget should be a no brainer…get it done and move on to 2015.  I believe these budgets in years past were calculated at $65 or $70 a barrel to avoid such shocks.  So they are all good with he math…so far.
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My Ladies - Article:  “Officially .. 20 countries participate in the Baghdad International Fair, and more than a thousand company“  WOW!! SO FAR 20 COUNTRIES ARE PARTICIPATING IN THE FAIR. VERY NICE LINE UP. BUT WAIT…DIDN’T THE NEWS SAY THAT ISIS IS AT THE GATES OF BAGHDAD?  DON’T BELIEVE EVERYTHING YOU SEE ON TV.
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Millionday - RIGHT NOW WE ARE WAITING FOR AN ANNOUNCEMENT THAT THEY ARE READY WITH EVERYTHING AND THEY ARE MOVING NOW TO A MARKET ECONOMY AND WITH ALL REFORMS.  THE BANKING SYSTEM IS TO A POINT THAT IS PREPARED TO INTRODUCE THE ECONOMIC AND EXCHANGE RATE REALITY.  THE DELAY IN ACTIVATING THE ISX AND ESX HAS COST STOCK HOLDERS AND IT IS TIME TO CHANGE THAT.   SO THEY ARE MOVING FORWARD WITH THE BANKING REFORM AND WITH CBI APPLYING THE EXCHANGE RATE…IT DOES NOT SAY WHEN…IT SAYS THEY ARE READY…THE CBI HAS ALL OF THE REGULATIONS READY TO INTRODUCE THE REALITY OF THE IRAQI DINAR

THE OIL AND ENERGY SECTOR GOING GLOBAL IN THE MARKET AND FUTURES WILL REQUIRE EXCHANGE RATE REALITY.  THERE IS NO WAY AROUND THAT THE DINAR HAS TO RAISE IN VALUE OTHER THAN INTERNATIONAL ECONOMIC LAW COMPLIANCE. THE DINAR HAS TO BE RAISED IN VALUE IN ORDER TO ENTER THE GLOBAL MARKET AND GUESS WHAT? THEY ARE ENTERING THE GLOBAL MARKET. 

THE PRESIDENT OF IRAQ IS GIVING A TELEVISED SPEECH TOMORROW [WEDNESDAY] AND HAS NOT SAID ABOUT WHAT YET BUT IS TO BE VERY IMPORTANT.  …BE VERY HAPPY OF WHERE WE ARE AND THAT CBI ANNOUNCED AND SO DID PARLIAMENT THAT IRAQ IS READY FOR THE REALITY FINANCIALLY AND ARE READY TO RAISE THE VALUE OF THE DINAR AND ALSO THE MOVE TO A MARKET ECONOMY (SUPPLY AND DEMAND).  A HUGE WHOOOPOW…THEY SEEM TO BE VERY EXCITED AND HAVE GOTTEN SO MUCH DONE.
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home7

Iraqi Dinar/Dollar auction 10-16-14

Currency Auctions Announcement No. (2792)

This daily currency auction was held in the Central Bank of Iraq on the 16-Oct-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 16
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                189,284,000
Total offers for buying (US$)                            189,284,000

Read More: http://dinarupdates.com/observer/

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My Ladies - Article:  “Parliament held its meeting under the chairmanship of First Deputy Hamoudi and the presence of 210 deputies“   PARLIAMENT MET TODAY DID THE FIRST READING OF…4 LAWS…AND ADJOURNED UNTIL THURSDAY.   WE ALREADY KNEW THEY WOULD NOT BE DOING ANYTHING WITH MINISTERS OR BUDGET WHILE JUBOURI IS OUT OF THE COUNTRY.
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tman23 - This information is third party but I believe to be trustworthy and accurate. As stated previously Jabouri and Ismail were reported to be in Switzerland and Jabouri is confirmed in ink… Ismail was there and it is being reported that meetings took place in which part known to include the release and transfer of funds being held that were frozen belonging to Saddam’s regime (family members)…IMO…It appears that Iraq is collecting and finalizing the accounting of all it’s assets

IMO, If we follow what Abadi is doing according to ink, he is doing a complete accounting investigation of the GOI and it really appears to be a priority.  The General Secretary of CoM met with a World Bank representative as well on the same day Jabouri met with Ismail inquiring about the 3 zeros.  These 3 events are facts and reported in ink. Associate these 3 facts with an article that the Kurds want the 3 zeros lifted, the Kurds are growing faster and have investors sitting on the sideline ready to go.  The Kurds finally agreed to participate in the Central Government…IMO, I don’t see Iraq opening the year 2015 with 3 zeros…We know for a fact Barzani doesn’t want 3 zeros.
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pinocchio-smileyLONG copyExogen - What many do not understand is the country of IRAQ is OPERATING with an International RATE. 100% FACT!  DO YOU REALLY THINK COUNTRIES ARE FLYING ALL OF THESE MILITARY MISSIONS AND DROPPING BOMBS FOR FREE!!
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Do you get the “Dinar Chat Blues..”
every time Java is shut down??

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Read More: http://dinarupdates.com/blog/

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Poppy3 - EXPECTING GOOD REPORTS TONIGHT AND TOMORROW NIGHT ACTUALLY THE REST ON THIS WEEK IS LOOKING VERY GOOD FOR IRAQ TO MAKE PROGRESS.
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Frank26 - 
They put away forever the chalk board that traded in country…Because electronic is for…International.  THIS IS BUT ONE EXAMPLE OF WHAT THE 19TH WILL BRING US…EVIDENCE OF A NEW RATE…OR THE RATE ITSELF.  I never gave a date because there was no logical sound reasoning nor substantial empirical evidence to do so…IMO, There is NOW.
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My Ladies - 
IRAQ HAS BEEN DOING MANY THINGS…THEY ARE GETTING TO THE END OF THE ROAD I THINK.  IN MY OPINION WE WILL NOT SEE MUCH COMING FROM THE BANKING SIDE OR THE POLITICAL SIDE THAT’S NEW INFORMATION UNTIL THEY ARE READY TO REVEAL EVERYTHING TO US.  IN OUR OPINION THEY CAN NOT GO MUCH FURTHER WITH BANKING STRUCTURE OR BANKING LAWS WITHOUT HAVING THEIR OWN CURRENCY AND AN INTERNATIONAL RATE.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Exogen - Article:  “Asadi: Announcement candidates interior and defense within 48 hours and still Ameri of the most prominent names“   ABADI IS MADE THIS SAME PUBLIC STATEMENT AT LEAST 5 TIMES WITHIN THE LAST 45 DAYS.  PERSONALLY, I KINDA THINK THIS MAY BE THE “REAL” 48 HOURS
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Millionday - Article Quote:  “the agenda of the parliament session, which will be held on Tuesday under the chairmanship of Sheikh Hamoudi, includes swearing to members of the House of Representatives who were holding government positions and replacements for those who have held ministerial positions or Vice-President of the Republic and the follow-up temporary committees.“   DO YOU SEE THAT? SWEARING IN REPLACEMENTS FOR THOSE WHO HAVE HELD MINISTERIAL POSITIONS.
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Frank26 - We are past the laws and at a new level with the IQD’s MR (Monetary Reform).  Big Difference Because THE GOI and CBI are Big Boys now.  FEAR is no longer a factor between these two…Coordination and Cooperation is!  CBI WANTS TO TALK…A LOT!!!
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tman23 - 
If we research history in regards to the CBI lifting the zero articles they always stated the first of the year or June (the second half of the year) and very specific to say not in the middle of a quarter…That being said; the CBI appeared ready to initiate this project way before the latest round of talks about market economies etc..etc..etc.. I think they put their backs against the wall and have to RV now they have no choice.
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home7

Iraqi Dinar/Dollar auction 10-15-14

Currency Auctions Announcement No. (2791)

This daily currency auction was held in the Central Bank of Iraq on the 15-Oct-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 14
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                203,311,000
Total offers for buying (US$)                            203,311,000

Read More: http://dinarupdates.com/observer/

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SteveI - There are so many unknown factors that keep coming into play that it is impossible to second guess anything with a certain point of accuracy. Some say the budget of 2014 is derived from a new rate, some say it is not, I guess we will all have to just sit back and let this play out.  Remember with the 2014 being so late in the year, it just may wait until the 2015 budget is processed. Until Iraq actually does this, no one is right or wrong until proven differently. There are also many that say that a rate change will not happen until the ISIL fighting is under control.   That is left to be seen. So many things change on a daily and weekly basis that what appears to be going good today, can change very quickly tomorrow.
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BGG - There are reports of the CBI publicly (Iraqi TV) “declaring” to be in compliance with the IMF and and all world financial regulations… curious timing – don’t you think??
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Kaperoni - my news is from the CBI…here is what is going on in the CBI.  I am sure most read the article yesterday saying the CBI is ready to engage the banking system with the world and the details in that article are really blunt…probably the most blunt we have ever had…well that same information was reiterated today on TV stating “considerable progress in reforming the banking system in Iraq“…but the real news was…the CBI is compliant with all requirements of international regulatory agencies“ which is very important and implies they are also compliant with the IMF.  if true they technically could move to Article VIII anytime…but again, i want to mention the ISIL problem but this was very clearly stated today.  we are getting closer.  we have seen over and over that stability is important at the same time we must look at the urgency of Iraq to move to a market economy.
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Economic parliamentary quest to confirm the deletion of zeros from currency

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) confirmed member of the parliamentary Economic Committee Najiba Najib Monday, the pursuit of its implementation of the project to delete the zeros from the currency…

…will host the central bank governor to learn practical steps for the implementation of the project to delete the zeros from the currency and in coordination with the Central Bank to determine the most prominent problems that hindered the implementation of the project.”

…the central bank need(s) to begin the process of deletion of zeros from the currency to raise its monetary value.

Read More: http://dinarupdates.com/blog/

BGG ~ Of course, I highlighted this “coming event” prior to “The Feast”…  and here we are. The CBI wants to know the same thing you do – What is taking so long??

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Frank - based on I Team’s report, IMO,  it is possible for the rate to come out in October; watch from Oct 18 forward.   IMO, the countries signing contracts with Iraq are doing so only because they know they are going to get paid.

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tman23 - 
Another simple fact is Iraq’s Budget involved oil at NO LESS than $90 a barrel. Today Iraq needs more income for salaries and infrastructure…Cut world oil production and you get $100 a barrel but less barrels…keep production the same and increase it and your likely well below $90 a barrel.  So to import and build infrastructure you need international purchasing power…And it is of no benefit at 1166, no benefit to purchase in petro dollars.  IQD 1-1 with usd is no benefit.
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Millionday - TOMORROW [TUESDAY]  IS THE MINISTERS IT APPEARS BEING SWORN IN…THIS IS EXCITING…THE NAMES HAVE BEEN REPORTEDLY NOT RELEASED…THE BUDGET SHOULD BE DONE ON THURSDAY…THE BUDGET IS FOR THE PROJECTS IN THE COUNTRY OF IRAQ – THE MOVE TO A MARKET ECONOMY AND THE REFORMS WILL BE FROM CBI THE INTERNATIONAL CURRENCY RATES AND ALSO THE VALUE IN THE COUNTRY — BY THE PRICING INDEX.
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Announcement naming the ministers of defense and interior within 48 hours

BAGHDAD - Alaa al-Tai will reveal the next 48 hours unveiled the names of candidates for the ministries of defense and interior, which reduces the line-up so far, a hushed and kept large by the commanders on the display names despite assurances compatibility on them, while continuing consultations between the parliamentary blocs to work on the success of the session next Thursday for the vote of confidence for the two names…

Read More: http://dinarupdates.com/blog/
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Delta - An article came out with the CBI stating that they are about to activate cooperation with the world and with banks; this requires that article 8 be lifted because under it, the IQD is on a program rate of 1166; Iraq is on the verge of a new government organization, and a change.   IMO,  by Thursday this week we should see interior and defense ministers announced, and IMO, that’s very good for our investment;  watch closely after the ministers are announced and officially seated.   Why has the CBI has given a letter of credit to banks unless the currency has value.  Look at the nations that have come to Iraq’s aid, we don’t see that in Libya and their problems are worse than Iraq; the coalition of nations know that they are going to be paid,  IMO.
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Nova - 
…for the past 3 years, Abadi has worked in the finance ministry and has worked with the CBI; perhaps Abadi is PM now because it’s time for him to be PM?  Iraq is doing many complex maneuvers to create demand for their currency – can only do business in IQD, and contracts signed creates demand for the IQD, and a value. …we are at a point they cannot hide it anymore…

…this is not an Iraq event, this event is not controlled by Iraq, the IQD is the tool that is being used, the currency that is being used, but this is not an Iraqi event dependent on their politicians.   …Mellon, JPMorganChase, GE…all report to the same people that the IMF, WB all report to; these people started the UN; the good news is that they only get paid when we do, they can’t get paid without the backing basket and rate of the IQD being revealed; Of course they are some of the most powerful people in the world with a meticulous, decades-long plan they are methodically implementing.
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Poppy3 - I THINK THE INK SHOWS THE BEST CASE SCENARIO OF ANY TIME IS POSSIBLE BUT AFTER THE FULL GOI AND IMPLEMENTATION OF THE LAWS ARE THE BEST CASE BEGINNING TOMORROW OR WED. WE MUST WATCH THEIR ACTIONS THE NEXT FEW DAYS…ALL THESE THINGS PENDING CAN HAPPEN VERY FAST AND THE CBI CAN ACT MUCH FASTER THAN PARLIAMENT OR THE GOI.
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Tune in for Live DU Conference Call

w/BGG from Oct 13th – 4pm

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Kaperoni - Article:  “Central tends to activate cooperation with the world“  …there is no overnight RV. Countries emerge all the time from fixed economic policies to engage with the worlds monetary system.  As for the currency, its value will be determined by supply and demand as we have stated over and over (which by the way is clearly in print in the IMF Article IV Consultation from 2013)…which ultimately means investment will determine the exchange rate. As capital flows into Iraq to rebuild, invest and contribute to Iraq’s market economy, the exchange rate will rise to fight off inflation. That is just basic market economy principles. The talk of “whales” buying up Iraq is just nonsense.
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Bulldog75 - THE TIME IS NEAR FOR THE GCR.  WE ARE IN MID STREAM. THERE IS NO TURNING BACK.
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Millionday - THE BUDGET IS SCHEDULED TO BE GIVEN TO PARLIAMENT…AND SHOULD BE IN THEIR HANDS — THE DEADLINE FOR THE BUDGET IS ON OCT 15TH EVERY YEAR – WE DO NOT KNOW IF THEY ARE READING IT ON TUESDAY BEFORE A VOTE OR VOTING AND HAVE READ IT IN THE BACKROOMS ETC– THE INK SAYS THEY WILL HAVE IT DONE AND THEN THERE IS A REPORT THAT STATES THEY WILL TAKE TWO WEEKS — HOWEVER THE FINANCE GROUP HAS STATED THAT IT IS NOT TRUE AND WILL BE COMPLETE.   SO WE WILL HAVE TO SEE WHAT OCCURS.

THERE IS NO MISUNDERSTANDING HOW IMPORTANT THE BUDGET IS TO THE COUNTRY AND THE MOVEMENT OF FUNDS FOR THEIR PROJECTS HOWEVER THEY ARE ALSO DOING SOMETHING ELSE – THEY ARE MOVING TO A MARKET ECONOMY WHICH IS THE MOVE TO THE GLOBAL MARKET DESIGNED BY SUPPLY AND DEMAND.  ECONOMICS 101.  THE MOVE TO A MARKET ECONOMY WILL ALSO BE PART OF THE BUDGET FIGURES.  THEY ARE IN A HUGE HURRY AND WANT ALL ASPECTS TO BE AS HURRIED AS THE SITUATION REQUIRES FOR IRAQ — THEY NEED TO MOVE FORWARD AND STOP HOLDING OFF FOR ANY REASON AT ALL.

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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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tman23 - …before seeing a RV…There are no international banks that are going to loan Iraq money with the current security situation and the US Treasury (ESF) is not going to put the basket of eggs on the line without boots on the ground to ensure a protection of it’s vested interest.  Also take notice of the date the 14th, it is appearing frequently as the start of several events, BIG events!
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Millionday - WE HAVE A DEADLINE FOR THE BUDGET TO BE THE 15TH OF OCTOBER…NO MATTER WHAT THE NEWS STATES THE DEADLINE IS THE 15TH.  WE HAVE A LOT GOING ON THIS WEEK – THIS LAST SIX MONTHS HAS BEEN LOADED WITH NEWS AND LOTS OF VERY IMPORTANT THINGS GETTING DONE.
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Jester - WHAT IS GOING ON IN THE WORLD IS EASIER TO SEE… THE UNDERLYING DINAR NEWS, WHERE ASSOCIATED WITH SAID WORLD NEWS IS THE HARD PART TO FIGURE OUT… BUT IT IS ALL CERTAINLY TIED TOGETHER... SO SEEING THE REST OF THE WORLD STARTING TO MOVE FORWARD IS CERTAINLY A GOOD SIGN… I AM ONLY INDICATING THAT SOME EVENTS WE WERE WAITING FOR ACTUALLY HAPPENED AND THIS SHOULD IN TURN INDICATE WE ARE MOVING THE RIGHT DIRECTION.
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home7

Iraqi Dinar/Dollar auction 10-14-14

Currency Auctions Announcement No. (2790)

This daily currency auction was held in the Central Bank of Iraq on the 14-Oct-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 19
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                253,980,000
Total offers for buying (US$)                            253,980,000

Read More: http://dinarupdates.com/observer/

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tman23 - This information is third party but I believe to be trustworthy and accurate.. As stated previously Jabouri and Ismail were reported to be in Switzerland and Jabouri is confirmed in ink…… Ismail was there and it is being reported that meetings took place in which part known to include the release and transfer of funds being held that were frozen belonging to Saddam’s regime (family members)……. IMO… It appears that Iraq is collecting and finalizing the accounting of all it’s assets
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Backdoc - (Oz = IMF, WORLD BANK, U.S.TREASURY, AND CBI)   OZ LAND IS OBVIOUSLY GETTING NERVOUS…TODAY, OZ IS LOOKING TO HOPE. HOPE THAT IRAQ AND VIETNAM CAN RE-ENTER THE WORLD STAGE WITH THE IMF’S BLESSING…OZ…ALONE DECIDES WHEN TO PULL THE CURTAIN BACK AND REVEAL THESE NEW RATES!  YES, THEY WILL COME!   WHEN?  …WHAT WE ARE SEEING RIGHT NOW IN THE WORLD MARKETS AND NEW COUNTRY DOWNGRADES, IS EVIDENCE THAT OZ IS IN PREPARATION FOR THE CURTAIN PULLING!

AS WE AWAIT IRAQS’ RE-ENTRY TO THE INTERNATIONAL STAGE WITH A REALISTIC VALUE…THE DONG TOO AWAITS THE DEPARTURE OF A PROGRAM RATE, AND LOOKS TO ITS’ OWN REALISTIC RATE WITH THE BLESSINGS OF THE IMF SINCE IT TOO HAS PASSED ARTICLE 4 REVIEW SUCCESSFULLY.  ONE THING I KNOW IS, IF YOU OWN DINAR OR DONG YOU WON’T BE LOOKIN LIKE A FOOL WITH YOUR PANTS ON THE GROUND!!  THESE ARE MY OWN THOUGHTS AND OPINIONS AND NOT INTENDED FOR FINANCIAL ADVICE.
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tlm724 - Article:  “Central tends to activate cooperation with the world”  Quote:  “that the central made ​​considerable progress in reforming the banking system through the provision of legislative environment suitable for the development of its business and make way for the launch of its services commensurate with the requirements of the market economy“   …this is coming from the Director General of Statistics and research at the CBI not just some opinion piece…following the program set forth by the IMF.    they are getting the whole system in place, they have launched, taking that quantum leap we have been waiting for!   Abadi is the man and as we watch this unfold it won’t be long before we see the true worth of the dinar surface.
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Dinar Updates ‏@DinarUpdates  now

Parliament to reconvene Tue after the Eid – (rumored to have budget presented from CoM).

http://parliament.iq/details.aspx?EvID=5224 …

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Kaperoni - Article:  “Central tends to activate cooperation with the world“  Quote:    ”the requirements of the market economy and the provision of banking services to investors Iraqis and foreigners, especially that the country is on the verge of activating cooperation banking International service requirements anticipated in the development of the Iraqi economy, which is guaranteed by the new government program.”   I would think “on the verge” is within 6 months, not days or weeks.  I keep grounded by the enormous task ahead for the Abadi GOI passing laws, fight ISIL etc. But…the significance of an agreement to form a committee to implement the transition to a market economy with the full support of GOI is very important. The next few weeks, months will be very telling.
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tlm724 - Article:  “Parliament resumes its sessions next Tuesday to name security ministers“  “House resumes its normal next Tuesday to name the heads of parliamentary committees and sworn minister Kurds“  the agenda also includes the naming security minister, and the first reading of the budget in the event of arrival of the prime minister.  The naming security minister still under negotiations has not been resolved yet, expected to be reached during the next two days to resolve this issue to be raised at the hearing Tuesday…so if they don’t reach an agreement on the security minister by Tuesday they will do it on Thursday, same for the budget.
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NOVA - 
…A Good Friend Of Mine. He Was Expressing Is Frustration With The IQD & The Ever Elusive Budget!!  He Was Ready To Give Up On The whole Thing and Move On.  Rather Then Trying To Explain The Craziness Of It All, I Simply Said “Until Iraq Defies The Basic Laws/Rules Of Global Economics, Relax. We Have Not Seen That Yet. We Might Think We Have But We Have Not…”  There Are Big Things Happening Right Now On A Global Scale!  We Can Point To So Many Things That Are Evidence Of This!  “It Will Get To The Point Where They Can Not Hide It Anymore”!!  Why Do I Say That?  …There Is A Line That Can Not Be Crossed And The Powers To Be Are Getting Very Close To It!!  And That Is A Good Thing!  

…The 2014 Budget Is Done And Has Been Done For Quite Awhile, And We Need Not Worry About When & If They’re Going To Pass It.  Its A Matter Of When Are They Going To Show It To The World!  I Personally Am Expecting “SOMETHING TREMENDOUS COME FROM THIS BUDGET”…The 2014 Budget!  We Have Not Seen Any Of The Laws Talked About So Much Because Iraq Does Not Have A International Currency To Fund Their 2014 Budget! Allowing Their 2014 Budget To Be Seen Does Require The Revealing Of The True Numbers.  EveryThing That The GOI Will Do Going Forward Must Be Funded By The Budget! Why?  Because Of That Little Law In Place That Says That Only IQD Can Be Used To Settle Accounts In Iraq!  …If We Do Not See Tremendous Things From This Budget Then Iraq Has Defied The Global Laws Of Economics And This Will Not Happen. We Have Not Seen Them Because They Can Not Defy These Laws.

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home7

Iraqi Dinar/Dollar auction 10-13-14

Currency Auctions Announcement No. (2789)

This daily currency auction was held in the Central Bank of Iraq on the 13-Oct-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 16
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                197,614,000
Total offers for buying (US$)                            197,614,000

Read More: http://dinarupdates.com/observer/

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Poppy3 - MUCH GREAT NEWS AND TIMING ISSUE IS OUR ONLY HOLDUP AS I HAVE SAID TIME WILL REVEAL THE FACTS EVERY DAY.  ACCORDING TO ALL THE NEWS AND THE SOURCES WHAT WE NEED COMPLETED IS FRONT AND CENTER IN PRIORITY TO THEM AND THIS IS THE BEST POSITION WE HAVE EVER BEEN IN IN MY 11 YEARS.
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tman2 - The 2014 Budget…. There will be 3 readings, the FIRST reading is scheduled for Tuesday the 14th, usually the second reading takes place 2 weekends after the first reading but because of the due diligence the second reading may be Thursday. The Third reading and vote will take place before the end of October. That said; The 2014 Budget with numbers is not the trigger for the CBI by any means but what it will show is a national consenus (meaning parties agree to the language and prove there is harmony). The CBI needs to see unity first and foremost inside the GOI…. The Kurd Ministers taking there seat, Barzani (PM) signing an agreement that entails a list of MoU’s and the adoption of the 2104 Budget is the START.
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Blaino - THERE HAS NOT…BEEN ANY TYPE OR KIND OF SECRET, LOCKED DOWN, UNCONFIRMABLE “IN COUNTRY RV!”   REALLY! 25 MILLION PEOPLE ‘JUST WOULDN’T TELL?’  REALLY? WE DIDN’T HAVE AN IN COUNTRY RV IN 2010 OR 2011, OR 2012… ETC ETC ETC!!!  …CELL PHONES, SAT PHONES, INTERNET, CANS WITH STRING, SMOKE SIGNALS…DOES ANY THINKING PERSON REALLY BELIEVE THAT THE SCOOP OF THE CENTURY IN FINANCIAL TERMS WILL JUST SIMMER AWAY…UNREPORTED BY FNS, FBN, CNN, ETC, ETC , ETC?  HOW MUCH SENSE DOES THAT REALLY MAKE?  IF WE GET ANY MOVEMENT FROM A PARTICULAR DIRECTION BY THE 20TH, I’LL BE VERY PLEASED.  WE STILL HEAR THE SUPPORTING EVENTS THAT WILL USHER IN THE GCR, RE-VAL,  ETC., COULD DEVELOP WITHIN THE COMING WEEK!
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Cabinet discusses economic reform law soon

BAGHDAD / Center Brief for the Iraqi Media Network IMN - The director of the Office of the Prime Minister Mahdi Keywords that the Council of Ministers will discuss the draft law on economic reform in the coming sessions…

Read More: http://dinarupdates.com/blog/
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tman23 - Parliament will be in session on the 14th and it will be dealing with the reading of the Budget along with many other laws…IMO it does appear that a host of laws will be passed in a one day – two day voting session.

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Millionday - CBI HAS MADE HUGE PROGRESS TO MOVE TO THE GLOBE…THAT IS WHAT WILL SHOW US A RATE.  THEY HAVE MADE THE TECHNICAL ADVANCEMENTS NEEDED AND ARE USED BY OTHER CENTRAL BANKS.   CBI IS READY TO ACTIVATE THE MOVE TO THE GLOBE AND INTENDS TO DO SO.  THE TIMELINE IS BEAUTIFUL WITH WHAT WE HAVE BEEN SEEING — WE DONT HAVE INK ON IT BUT WE HAVE BEEN SEEING A RUSH TO GET THINGS DONE.  THE MOVE TO A MARKET ECONOMY AND THE ECONOMIC DEVELOPMENT IS WHEN WE WILL SEE THE REALITY RATE AND THE IRAQI VALUE OF IRAQ.

isnt the plan to open the budget on oct 15 and begin payments?]  YES THEY HAVE ANNOUNCED THAT THEY HAVE MANY AGREEMENTS THAT THEY MADE THAT REQUIRE THAT THEY BEGIN PAYMENT ON THE 15TH AND WE ALSO KNOW THAT THEY HAVE BEEN HUSTLING TO GET THE BUDGET DONE AND SAY THEY ARE MEETING FOR THE READING AND VOTE ON THE 15TH – THEY COULD RELEASE THE RATE AT ANYTIME — THEY ARE ABLE TO DO THAT DUE TO THEIR INDEPENDENCE AND POWER.
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Kaperoni - Article:   “Kurdistan: We will give a formal request to the United Nations on independence for Iraq“    The Kurds are feeling the same way we are..nervous. So far Abadi has said all the right things but he has not accomplished anything yet…not to mention the constant roadblocks that he seems to be facing. What are the chances Abadi will succeed?
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home7

Iraqi Dinar/Dollar auction 10-12-14

Currency Auctions Announcement No. (2788)

This daily currency auction was held in the Central Bank of Iraq on the 12-Oct-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 22
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                238,039,000
Total offers for buying (US$)                            238,039,000

Read More: http://dinarupdates.com/observer/

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Enorrste - Article:  “Central tends to activate cooperation with the world“  Quote:    ”the requirements of the market economy and the provision of banking services to investors Iraqis and foreigners, especially that the country is on the verge of activating cooperation banking International service requirements anticipated in the development of the Iraqi economy, which is guaranteed by the new government program.“    I especially like the term “on the verge” which seems to indicate that they are about to make a move.  Add to that mention of a “guarantee by the new government program” and I’m led to believe that this is a subtle way of saying that Al-Abadi is totally behind this move, while we know that Maliki was not.  It all sounds good to me!
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SteveI - …lots of questions regarding the so called new bills. I did some research and contacted Ray and others and they all came back with the very same answer, “They said that is the currency that has been used by the Iraqi people for quite a while now. Nothing new.”   Matter of fact, one of Rays contacts has some and was going to show Ray the bills.   So, the actual new currency has not been introduced into the country yet and will not until the rate changes.  When will the rate change? As soon as the budget gets passed according to many.  So lets just sit back and wait for the budget to get passed and see what happens.
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tlm724 - Article:   “Ihsanoglu: Council meetings will resume with effect from next Tuesday to name security ministers“  Quote:  “noting that the meeting will naming heads of parliamentary standing committees and the performance of the constitutional right of the ministers of the Kurds, in addition to naming security minister“   get the Kurds sworn in is a big thing.  I pray the National Alliance doesn’t mess up the naming of the minister of security.  the agenda also includes the naming ministers unsuspecting, and the first reading of the budget in case it came from the prime minister.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Millionday - [ Is the situation in Bagdad with Isis under control?]  I KNOW THAT THEY ARE WORKING AROUND THE CLOCK TO GET THEM UNDER CONTROL.  THEY HAVE HAD HUGE SUCCESS WITH DAASH AND ISIS AND HAVE ADDED TWO MORE COUNTRIES IN THE LAST DAYS.
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tman23 - Speaker of the parliament, Saleem al-Jobouri, arrived on Friday, at the head of a parliamentarian delegation to Geneva…“   Good to see in print that Jabouri arrived on Friday…assume he will be there for 6 days and back to head the session in Parliment on the 16th for voting on the Budget and Ministers.
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Bulldog75 - We are positive and Blessed. Our Manna comes forth soon to now. We are positive, optimistic with an attitude of gratitude.

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home7

Iraqi Dinar/Dollar auction 10-11-14

Currency Auctions Announcement No. (2787)

This daily currency auction was held in the Central Bank of Iraq on the 11-Oct-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 10
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                130,332,000
Total offers for buying (US$)                            130,332,000

Read More: http://dinarupdates.com/observer/

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Frank26 - Do you and your team feel that Iraq will announce their completed Government to the world on October 14?]  No…Maybe 18th to 31st.
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tman23 - 
The Parliament session was scheduled to be held on the 17th of this month and submitted to the 14th of the same month…Jabouri will be back for the 16th which I believe will be a voting session on Ministers and the Budget…. THEY ARE TIMING THESE EVENTS ALL IN ONE BAG..
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Stryker - QUOTE: “Prime Minister Haider al-Abadi will present the names of candidates for the security ministries to the House of Representatives, next Thursday.”  QUOTE: ”the meeting of the Council of Representatives for next Tuesday will be limited to reading the draft general budget bill which is expected to be sent by the government during the next two days.“  QUOTE: ”The next stage requires accelerate the passage of important bills in the forefront of political parties, oil and gas, and was attended by the Baath Party.”

These above quotes go along with what I have been told yesterday, Budget Tuesday, Security Minister Thursday and parliament will 
work multiple sessions weekly starting Tuesday 14th until all laws and issues get resolved.
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Dinar Updates ‏@DinarUpdates  now

Parliament will vote on the interior and defense ministers at Thursday’s meeting

Read More: http://dinarupdates.com/blog/

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Millionday - Article quote:  “It is noteworthy that the Iraqi Council of Representatives may select the day 14 of the month as the date for the holding of its own to read the General Budget Law for the year 2014 to be voted.”  …PARLIAMENT IS PLANNING ON HAVING THE BUDGET VOTED IN BY THE 14TH OF OCTOBER TO MEET SOME TYPE OF DEADLINE/GOAL.  THEY ARE OPENLY TELLING US THAT THE FIGURES ARE NOT ABLE TO BE USED AS IRAQ IS RIGHT NOW AND I SEE THAT THEIR REALITY WILL CHANGE SO THIS IS GREAT GREAT NEWS — VOTING IN THE SAME DAY IS GREAT TO SEE AS WELL AND THEY ARE MEETING TOMORROW AS WELL TO DISCUSS I SEE.   THE 14TH FOR PARLIAMENT FOR THE BUDGET AND MINISTERS AND TOMORROW THE MEETING WITH PARLIAMENT SHOULD GO FORWARD FOR THE BUDGET.   I THINK THEY ARE TRYING TO READ IT AND PASS IT ON THE SAME DAY – HOWEVER THAT IS THE GOAL AND THIS IS IRAQ — SO WE HAVE TO WATCH.
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Poppy3 - USA AIR SUPPORT STOPPED IN IRAQ A WEEK AGO.  RUMOR IS OUR PLANES ARE GROUNDED TILL IRAQ GOI IS COMPLETE. THIS COULD CONTINUE THE URGENCY TO FINISH. STILL EXPECTING ANOTHER EMERGENCY BEFORE THE 14TH IF THEY CAN COME INTO AGREEMENT.
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Adam Montana - [ I have always thought that the lower denomination/fils would release in conjunction with the RV of the IQD...to see them prior would tip the game...is this assumption on or near the mark?]  Yes, if we see new denominations before a change in the rate, then we’re looking at a different game. I anticipate a lot of news about new denoms immediately before the CBI changes the value, but until I actually SEE the denoms with my own eyes – no panic here. The opposite, in fact – the more propaganda they push out, the closer we likely are.  [Do ya think it's possible for Iraq to have already printed the lower denominational notes and have them setting in a vault somewhere, ready to distribute once the switch's flipped.]  YES, and in fact I have contacts that have told me that is already the case.
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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Frank26 - Do you and your team feel that Iraq will announce their completed Government to the world on October 14? No……… Maybe 18th to 31st
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Chattels - Article quote:  “there are efforts by large members of the House of Representatives to pass important laws after the holiday, but at the same time there are political differences hinder the adoption of these laws, despite the efforts exerted by the number of members of parliament”.  What laws unpassed are they speaking of ?  Quote:  “at the House of Representatives nearly 200 law is disabled and the toughest of those laws is to amend the Constitution, the steeper the Social Security Act and passing the budget and the law of the Federation Council and the law of parties, oil and gas,”  and the budget from 2014.  please do not believe that there is a “basket” of all these laws that is magically to appear and be passed…that is NOT the political reality in Iraq.  [were supposed to vote on all this yesterday?]   the only vote(s) that count, IMO, are in Parliament, and Parliament is not meeting until the 14th.
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tman23 - The government is not complete and IMO this has nothing to do with the Security Ministers as much as it does with the Kurd’s taking the oath and being seated…….. Hopefully we see this take place Saturday or Sunday…… I suspect Monday the 13th Jabouri and Ismail will be in Switzerland….. What takes place there of course is unknown…… But the Kurds being sworn in before the travels to Switzerland IMO  increases the odds in the favor of IQD speculators in a huge way…
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Dinar Updates ‏@DinarUpdates  23s23 seconds ago

Abadi cancels CoM meeting scheduled for today. Cancellation due to health reasons

http://alliraqnews.com/index.php/2011-04-18-02-57-37/150452-2014-10-11-09-29-06.html …

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Chattels - no report as yet from the CBI so it would appear that the CBI is tracking the government holiday through today.  [what does that mean? ---> CBI is tracking the government?]   the CBI holiday should have been only four days, this is day five and the government holiday was through today.
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Adam Montana - I feel that in order to see the RV Iraq needs to pass and implement the 2014 budget and at the same time implement the HCL law. Do you concur...?]  Yes.   [ Let's pretend for a minute everything (as we see it) is done in regards to Iraq hitting the " RV Green Light" .   HCL, budget, fully seated government etc...all done.  Based on your knowledge , what are the odds Iraq doesn't RV and continues to manage their economy thru money auctions or whatever means available?]   You asked for odds – 1000:1 or better that they absolutely definitely 100% increase the value once that “RV Green Light” is lit.  When these things happen, the rate WILL go up, and I’m personally willing to stake any amount of $$$$$$ on it.
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Millionday - PARLIAMENT WILL VOTE THROUGH THE BUDGET ON THE 14TH OF OCTOBER…THE OIL FIGURES HAD TO BE ADDRESSED AND… THEY HAD TO HAVE AMENDMENTS DONE FOR THE BUDGET COMPLETION AND THE GOAL IS TO HAVE THIS DONE BY THE 14TH OF THIS MONTH.  ABADI WILL NAME THE MINISTERS ON THE 14TH OF OCTOBER…WE ARE SEEING THEM AT AN OBVIOUS RUSH TO HIT THAT DEADLINE SO THAT IS VERY EXCITING.  IT DOES SEEM THAT THEY ARE TRYING TO HAVE IT ALL DONE BY THE 15TH OF OCTOBER SO WE WILL HAVE TO WATCH IT ALL AS IT UNFOLDS.
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Abadi reveals thefts of hundreds of billions of dollars at the time of the Maliki government

The Prime Minister Haider al-Abadi, the Organization for theft incidents in Iraq during the past eight years, valued at one hundred billion dollars.

A source familiar with the Iraqi government for Abadi as saying, during a recent meeting of the Iraqi Council of Ministers, said that ‘the mechanism followed in the ministries of interior and defense during that period, led to the loss of Iraq hundred billion dollars from the treasury, representing the people’s money, they spent public money’ …

http://www.dinarupdates.com/showthread.php?14545-quot-The-Dinar-Daily-quot-Friday-10-October-2014&p=78750&viewfull=1#post78750
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Poppy3 - I HAVE THOUGHT ALL ALONG THAT STATEMENTS THEY AND THE IMF PREVIOUSLY WOULD BE ADHERED TOO BUT IT SEEMS NOW FROM PEOPLE THERE THAT THEY MAY BE IN A POSITION THEY CAN’T COME OUT AS HIGH AS PLANNED BUT I STILL THINK THEY HAVE TO BE HIGH ENOUGH TO RID THE STREETS OF USDTIME WILL TELL THE FACTS .  [ it looks to me like Iraq's only choice is to RV asap to get out of this financial situation, even if the rate is just 1:1. If they don't rv soon, the hole will only get deeper.]  YES THATS WHAT has changed MY MIND A LOT BECAUSE THERE SITUATION FINANCIALLY HAS CHANGED. IT STILL CAN BE HIGHER THAN THE 1 TO 1 BUT AT THIS POINT WE JUST HAVE TO WAIT FOR SOME OFFICIAL WORDS FROM A CBI OFFICIAL…
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tman23 - ”The head of the parliamentary Finance Commission provisional Magda El-Tamimi, said earlier that “the House of general budget bill will be submitted for the first reading, the arrival of the Government“… FIRST READING of the 2014 Budget on the 14th…”Karbouli said in a statement obtained by (treasures media) that “the voting process on the Security Ministers for the post of the Ministry of Interior and defense will be in session 14 of this month but the vote could be 16 or 18 of the month after the return of the House of Salim Al-jubouri of travel.”…( So the question is…Will any voting take place with Jabouri the President of Parliment being out of the country ?)
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pinocchio-smileyLONG copyBlaino - WE STILL HEAR THE SUPPORTING EVENTS THAT WILL USHER IN THE GCR, RE-VAL,  ETC., COULD DEVELOP WITHIN THE COMING WEEK!  SOME OF OUR INTEL PURPORTS A SOONER RATHER THAN LATER STANCE.
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A DO NOT MISS Call

from Oct 9th w/BGG

Click-N-Listen!!

Smart phone user link – Click here

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Frank26 - Kurds introduced their ministers last night.  Everyday that passes More important laws are also passed and mutual agreements are being established in Baghdad.  The KURDS right now are ecstatic…Their eyes have seen the Power coming to them via an old…2014 budget.  They do not discuss how to agree on passing an already active and functioning 2014 Budget.  They discuss how to present the Budget and full GOI to YOU…The International Community.
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Adam Montana - [ I remember there was a lot of talk about Maliki increasing the exchange rate in order to win the election. That clearly didn't happen, so does the PM have an[y] power to do so?]  Nope. The PM has influence, but the only entity that can adjust the exchange rate is the CBI.  With the new PM (Abadi) in place, there’s some pretty serious speculation that things are finally going to get moving in the right direction. The entire country is a little distracted with the recent power shift and of course ISIS to a small extent, but things are moving in the right direction and at a good pace (FINALLY).
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Millionday - THEY ARE CUTTING CORNERS TO AVOID AS MUCH DEFICIT AS POSSIBLE FOR THE BUDGET.  THEY ARE CUTTING THEM TO MINIMIZE THE DEFICIT TO HAVE A POSITIVE EFFECT ON THE ECONOMIC IMPACT.  SO AS WE KNOW THEY ARE VOTING ON THE BUDGET SATURDAY...THEY HAVE REPORTED THAT THE VOTE WILL GO ON TO RUSH IT.
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Kurds announce the death of al-Baghdadi in battle (for) Kobanî and published a picture of his body

Declared the site ‘Voice of Kurdistan’ on the Internet killed the leader of the ‘Daash’ terrorist Abu Bakr al-Baghdadi, the site published a photo said it represents the body of al-Baghdadi…

Read More: http://dinarupdates.com/blog/
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BGG - [When does CBI open back up?]  I kind of doubt we see any activity at the CBI until Sat (at least)… and even then they don’t normally post until Sun/Mon?  Thurs is the earliest it (“it” being the NEXT CURRENCY AUCTION – this statement was “edited” waaaaaay out of context) could happen…but then Friday is a normal day off – the Sat…etc, etc, etc.
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Poppy3 - i…was told they will vote  today/thursday.  THEY WILL VOTE ON BUDGET…AND THEY R GOING TO PASS THE MINISTERS ALSO IF THEY CAN GET JUST ONE MORE GROUP TO AGREE AND THEY THINK THEY CAN.  [THANKS FOR THE HOPE.] NOT HOPE…FACTS THIS TIME.
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Millionday - IN A PRESS STATEMENT JUBOURI MADE A GREAT STATEMENT BY PRAISING THE INPUT BY THE KURDISTAN TROOPS IN DEFENDING THE COUNTRY…THAT THE ISSUES OF THE CITIZENS AND THE NEEDS OF ALL WILL BE ADDRESSED IN THE NEAR FUTURE – THIS IS GREAT AND HELPS BRING THE COUNTRY TOGETHER.  THEY ARE HAPPY WITH SHOWING THE NEW RELATIONSHIP WITH THE KURDS AND FEDERAL GOV AND HOW THEY ARE ABLE AND WILLING TO WORK TOGETHER AS A UNIFIED GOV.  Quote: “initial indications at Arbil positive ensures join the Kurdish minister in the government formation, and requires chanting oath in the House of Representatives before their participation in the cabinet meeting next Tuesday.”  THE KURDS ARE GOING TO IRAQ FEDERAL MINISTER SWEARING IN ON SATURDAY –WHOOOPOW –  WE MAY HAVE A GOVERNMENT ON THE 14TH OF OCTOBER.
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Jubouri emphasizes the role of the clan in “resolving” the battle against (Daash) and Anbar demanding issuing a general amnesty for young people

Side of the first forum of solidarity with field commanders and tribal leaders in Anbar to meet the (Daash)

The head of the Iraqi parliament Saleem al-Jubouri, on Thursday, that the clans instrumental and important in resolving the standoff with (Daash), and between the need to change the way the battle with (Daash) and avoid civilian insulation, called Anbar province and the council military support and the creation of a general amnesty for young people, “the seducer their “issue and the abolition of the law and justice…

Read More: http://dinarupdates.com/blog/

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Millionday - THEY HAVE PRINTED THE 1, 5, 10, 25, AND 100 DINAR NOTE AND ALSO SOME MORE OF THE 50`S.  THEY WILL BE RELEASED WHEN THE VALUE IS CHANGED AND THEY ARE USEFUL – THEY ARE PART OF THE MONETARY POLICY BEING ACTIVATED WITH THE ECONOMIC REFORM AND BANKING REFORMS AS WELL – ALL AT THE SAME TIME. THIS IS SUPPORTIVE OF THE AGREEMENTS THAT WERE MADE BY THE STRATEGIC FRAMEWORK AGREEMENT — (TRADE).
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tlm724 - Article:  “Kurdistan: the province will provide the numbers Baghdad’s oil exports and then disbursed salaries stalled”  well there we have it , the Kurds will provide all the numbers needed to calculate the exports clearing the way for the budget and their participation in the new GOI !  *hallelujah*
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Tman23 - Riddle me this…High unemployment, Projects stopped and bankrupt, a national guard being added to the payroll of the GOI, and brent crude prices are falling below $90 a barrel…And when the 2014 budget is passed.. “If the adoption of the financial budget in 2014 after the Eid holiday, there will be a change in salary retroactively from 1 January 2014. It will increase the salary 114% and include retired persons”This being said not to mention the budget had a 5% oil sharing for the citizens and 5% oil revenue goes to Kuwait… So figure out the Riddle of HOW are they coming up with $$$$$.
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Re-consideration of the enemies of al-Maliki … Shabibi and Hussein Azri and Sabah al-Saadi first returnees

Baghdad-Iraq Press: judicial source said a high relevance in the Supreme Judicial Council, on Wednesday, said the council is close to ending the files a number of characters that promised the decisions taken against them as “politicized” and based on the continued disagreement with the Prime Minister Former Nuri al-Maliki…

Read More: http://dinarupdates.com/blog/
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OOTW - I just wanted to say that as a researcher, I’ve been visiting Almada’s site daily, that .90 has been showing for years  [reference Guru Chattels post 10-6-2014] …I do not mean to be a killjoy.  THESE ARE THE RATES TODAY FROM THE MINISTRY OF FINANCE SITE Exchange Rates:  EGP 162.2517 SAR 309.1457 BHD 3,077.1883 USD 1,160.1000 EUR 1,452.285.   THAT’S A CHANGE IN OUR FAVOR OF FOUR DINARS.  I’m awaiting the return of parliament to see some good ER [Economic Reform] laws coming our way.
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Poppy3 - OUR MONEY POSSIBILITIES ARE LOOKING VERY GOOD FOR LATER THIS MONTH. THE 15TH IS LOOKING ESPECIALLY GOOD IF THINGS PROGRESS AS PREDICTED TO HAPPEN. 
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BGG - Iraq needs help in a lot of ways. Currency reform is one of themThis country’s growth has been stunted by a dictator. This era is over.
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Thefts ministries of interior and defense … estimated “hundred billion” dollars (see photo)

Revealed Prime Minister Haider al-Abadi theft organization suffered the Iraqi treasury over the past eight years.

Ebadi said while chairing a meeting of the Council of Ministers that the latter mechanism used in the ministries of interior and defense for the past eight years has caused the loss of Iraq a hundred billion dollars of his closet and public through a complex network of thieves and users at the expense of public money, according to a source present at the meeting.

Abadi added that the process to conclude contracts and tenders with companies equipped for the security ministries and the two national security and intelligence services were not subject to legal controls are clear and mostly riddled with suspicions of corruption and clear…

Read More: http://dinarupdates.com/blog/
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Stryker - RESEARCH: Eid al-Adha started on Sunday October 4th and ends tonight in Iraq…articles continue referring to things not getting completed until after the feast of Eid al-Adha…So look for things to start picking up tomorrow…Another interesting fact; the Speaker of the House Jabouri announced that October 14th would be the start of the next phase in Iraq and the start of Parliaments sessions. This is why so many things are stating that the Kurds will take their oath into the new Abadi Government next Tuesday and the budget will then get passed.
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tman23 - I posted the Fed meeting on Monday and said it was a closed meeting but was trying to find out the particulars……. This meeting I believed had some tying factors regarding what I spoke of in the past regarding ESF (exchange stabilization funds)….. As I posted I was looking for CBI monetary change of some sort 10/7-10/9…….. Not that it isn’t impossible but a email I received inquiring about the Fed meeting said lets talk on the 14th.
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Mnt Goat - About The Global Currency Reset (GCR)…I want to tell you there is not, and I whole heartedly know this for a fact, that there is not going to be 200+ never mind even 10 currencies all revaluing at the same time in the near future. The term GCR is not even recognized by the IMF. There is no GCR planned. Yes – there is a global reset that is ongoing and it has been for four years now. The IMF has already revalued or devalued over 150+ currencies since then.  I am not saying that many currencies will not simultaneously revalue when the IQD does. But it is fact that 200+ currencies will not revalue together. 
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DINAR Talk INFO Call

w/BGG & Poppy – from Oct 7th

Click-N-Listen

Smart phone user link – Click here

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WMAwhite - the investors will not come until there is an internationally accepted currency. Plus, the economy will not grow until the currency becomes valuable…1116 is not valuable.
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tman23 - So Iraq has 2 million displaced people, a GOI with no capital reserves left (reportedly), and oil prices declining as global manufacturing has slowed…AND PEOPLE ARE GETTING A RAISE RETROACTIVE TO JAN 2014…WHICH WOULD BE OVER $3,200 usd PER LOWEST PAID PERSON IN ONE LUMP SUM…(4 MILLION DINAR)…THAT IS A LOT OF 10K NOTES TO FLOOD IRAQ WITH…..ESPECIALLY IF YOU HAVE BEEN DRAWING DOWN THE 3 ZEROS…MAKES NO SENSE…Iraq NEEDS purchasing power and since EVERYTHING is imported they will grow very very slow and go broke importing goods with the current status quo in place…
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Millionday - AFTER THE VALUE CHANGES WILL BE WHEN THEY WILL BE USING THE SMALL DENOMS AND THAT WILL ALSO BE WHEN THE INTERNATIONAL RATES CHANGE – ALL THROUGH DATA ENTRY AT THE SAME TIME AND THEN THE IRAQI CITIZEN WILL HAVE TO MAKE SURE THEY HAVE THE SMALL DENOMS FROM THEIR EXCHANGE SO THEY CAN BUY THINGS. THE REGULATIONS WILL BE RELEASED WHEN THEY CHANGE THE RATES FOR ALL COUNTRIES — AS WE HAVE INVESTED IN THE CURRENCY BUT THERE ARE ALSO CONTRACTS THAT ARE FROM MANY COUNTRIES SO THEY HAVE TO HAVE A RATE TOO — THEY WILL RELEASE ALL THE TIME TABLES FOR THE INDIVIDUAL AND THE MONEY EXCHANGE BUSINESSES AND ALSO THE GOVERNMENTS WHEN THEY CHANGE THE RATE AND ENTER THE GLOBAL FOREX MARKET.   [Have they printed the 5's 10's and other lower denoms yet?]  YES THEY HAVE STATED THEY HAVE. 
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Abadi begins (the battle of) dismantling the authority of al-Maliki

Iraqi Prime Minister orders probe with dozens of officers loyal to his predecessor, and to refer others to retire and to prevent his relatives from entering the secretariat of the government.

BAGHDAD Ahmad military

Iraqi political sources said that Prime Minister Haider al-Abadi, the face is the Department of Defense spends preparing lists of names and salaries of officers and ill adults who were appointed by his predecessor as prime minister, Nuri al-Maliki as well as military positions they occupy…

Read More: http://dinarupdates.com/blog/
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Mnt Goat - Update on the Remaining Minister Positions…As you know there are still two of the critical positions in Abadi’s cabinet to be permanently seated. They are minister of Defense and Interior. Currently they are being held as proxy positions by the candidates originally send to Parliament many weeks ago for confirmation. They were rejected then. I am now hearing the front runner candidates are – for the Interior is Hadi al Amri and defense Khaldi Al-Obeidi. It is all about to be settled. So what are the other delays in getting these ministers in place then?  The delay, as I am told, is that  they also need to clean up much of the corruption that has been involved in these ministries. Then they need to put laws in place for future prevention of this long standing corruption that has been going on. 

Iraq’s Economy…Iraq’s economy is on the verge of collapsing. This is due mainly now to the funds having to pour into the effort to fight ISIS. We can see article after article on this topic. Once again we can turn to the prior Maliki administration and point fingers to the legacy he has left behind and the long road to cleaning it up. It is also due to the huge ring of corruption in his administration. There are billions of missing funds. The good news is the Kurds are boosting crude output threefold by the end of next year and are now resuming talks with Abadi’s  new central government, signaling that a battlefield partnership against insurgents is helping mend ties with Baghdad…and it seems that full HCL implementation is not far either since oil revenues is going to be the savior for Iraq in the long run and it is forcing the issue. Also this past week Abadi has come out in public and clearly stated he strongly favors full implementation of HCL and Article 140 along all constitutional mandates. It will not be long.  The Ongoing Budget Saga…I  am now told that parliament will hold discussions on the budget this Thursday 10/9.
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Saudi Arabia is looking for a suitable place to open an embassy in Baghdad

MANAMA, October 7 (RIA Novosti) - The Kingdom of Saudi Arabia is looking for a suitable place to open an embassy in Baghdad, 24 years after the last embassy closed, Saudi newspaper Al-Watan reported Tuesday, citing the Information Department of the Saudi Foreign Ministry…

Read More: http://dinarupdates.com/blog/
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Poppy3 - in oct 2010 the IMF POSTED FOR 3 DAYS ON THEIR SITE THAT THEY HAD APPROVED $3.22 AND UP TO 20% MORE FOR INFLATION DURING THE WAR PERIOD THAT ALLOWS .64 MORE SO THAT WOULD BE $3.86 BUT KEEP IN MIND THEY HAVE DISCOVERED THEY HAVE 26% MORE OIL THAN THEY HAD IN 2010 SO COULD BE SOME HIGHER.  THEY ALSO STATED THEY WOULD HAVE THE HIGHEST VALUED CURRENCY IN THE MIDDLE EAST MEANING THE WORLD BECAUSE KUWAIT NOW HAS THE HIGHEST IN THE WORLD AT $3.58 LAST WEEK.   NOW THIS COMES FROM OFFICIAL CBI PEOPLE NOT SOMEONE WITH NO AUTHORITY STATING IT.  THE CBI HAS ALWAYS SAID THAT WE WILL HAVE 24 TO 36 MONTHS TO CASH IN NO ONE OF AUTHORITY HAS EVER SAID DIFFERENT PERIOD.  
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BGG - Kind of curious a week or so after the Parliament issues a “veiled threat” to the CBI – Jubouri (representing Parliament) and Ismail (representing the CBI) both go to Switzerland (reportedly)… more than whatever went on in this meeting… is the very curious timing of it.
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Millionday - THIS CAME OUT…AS OFFICIAL GLOBAL NEWS  250 dinars…Like CBI B47, but new date, new signature (Abdul Basit Turki Saeed…ALSO 500 dinars…Like CBI B48, but new date, new signature (Abdul Basit Turki Saeed)…” ”1,000 dinars…Like CBI B49, but new date, smaller signature, and three intaglio circles at upper left front for the sight impaired. This is the first confirmed denomination in a revised family reported back in April 2014.” THESE ARE OFFICIAL GLOBAL CURRENCY – 250 , 500, AND THE 1000 DINAR NOTE. THEY WERE ANNOUNCED TO BE PRINTED AND NOW THEY ARE LISTED GLOBALLY AS THE OFFICIAL NOTES OF IRAQ — THE OFFICIAL DENOMINATIONS—- AND THIS IS AS OF…OCTOBER 6TH.  LET ME SAY THIS,THE NOTES ARE NOT USEFUL AT 1166…PERIOD.  THE EXPENSE FOR A COUNTRY TO PRINT CURRENCY IS NOT A SMALL ONE — AND THEY WILL NOT BRING THEM OUT FOR A RATE THAT WILL ONLY MAKE THEM USEFUL IF THEY NEED A % OF A WHOLE DENOM.

THEY WOULD BE LOSING MONEY AND WOULD NOT RELEASE THEM AS AN OFFICIAL CURRENCY AT THIS TIME IF IT WAS A LONG TIME BEFORE THEY WOULD BE USED…  IT IS NOT MAKING OUR NOTES OR IRAQ`S NOTES OF 25,000 DINAR ANY LESS OFFICIAL — DUE TO INTERNATIONAL LAW – CURRENCY CAN NOT BE SIGNED AND USED AS OFFICIAL CURRENCY AND NOT BE REPRESENTED AS AN OFFICIAL NOTE OF DEBT OR DEBTORS NOTE BY THE COUNTRY THAT RELEASED IT.   OUR NOTES REMAIN OFFICIAL AND WHEN THE RATE IS CHANGED WE WILL HAVE A GIVEN AMOUNT OF TIME TO EXCHANGE THEM FOR OUR CURRENCY OR ANY OTHER COUNTRY CURRENCY. THE NOTES ARE OFFICIAL SO LETS SEE WHAT COMES NOW.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Chattels  …in this investment, i find it very difficult to believe, digest, and agree, that it is speculative.. i have always argued that term… IRAQ MUST HAVE A RECOGNIZABLE CURRENCY OF THEIR OWN, and de-dollarize, in order to play ball with the rest of the world, the way they have always done… and as our good friend HUB has stated over and over, Iraq has had their own currency for many many years, why wouldnt they have one now?
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tman23 - This is powerful…Salim said in a press statement, “the House of representatives seeking to pass laws and the oil and gas and general budget”, stressing “the need to establish the point as quickly as possible through accelerated agenda.“  “The Council is determined to activate the work of the open window and complete the adoption of important laws of society“.
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Abadi begins a campaign to purge state institutions of financial and administrative corruption

A source familiar with the prime minister, Haydar al-Abadi, began a campaign to purge state institutions of suspicious transactions associated with men of the previous stage, or their children, and cost the state treasury billions of dollars…

Read More: http://dinarupdates.com/blog/
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Adam Montana - Article quotes:  “A Source In The Office Abadi: The Next Government Will Be Presented To Parliament In The Coming Hours”  ”Parliament Confirms Near Approve The General Budget“  What does this mean?   We could literally be looking at the completed Budget this TODAY OR TOMORROW!  Once that’s done, we’re a small step away from the  HCL resolution, and once that’s done we’re looking for an increase in the Iraqi Dinar. THIS IS GETTING GOOD!
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Chattels - let me be clear about the 2014 budget “process”…the proposed budget is “in committee”, a committee with temporary chairmanship.   the committee is considering various and sundry amendments, presumably, and it is to be presented for discussion to the COM.  there after it, at some point, will go to the Parliament for reading(s), amendments perhaps, etc.  there must be two readings and then a vote.  please do not expect that a budget will be passed on the 14th, the day that Parliament reconvenes.  this is my well considered opinion, i may be wrong, but i doubt it.

I am unaware of any limitation on the number of readings per day or any legal waiting period between the two, however i have opined based upon some ink without a link in the past that there is a three/four day waiting period between the second reading and the vote.  the last Parliament got one reading in and there was some question as to whether we started over with the new Parliament, it appears or rather i surmise from what i am reading that there will be two readings.
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Poppy3   [Currency Rates Iraqi market for securities Iraqi dinar exchange rate for the day:  USD: 0.9 Euro: 0.7 Pounds: 0.5 LBP: 1302.6 KD: 0.2 SR: 3.2 AED: 3.2 JD: 0.6]  DOESNT MEAN ANYTHING TILL CONFIRMED AS A REAL RATE ON WORLD MARKETS.   .9 ISN’T HIGH ENOUGH ANYWAY.   LOOK FOR 2.6 UP THEN GET EXCITED. 
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Tariq Harb: constitutionally permissible to vote on the defense and interior ministers collectively

Said legal expert Tareq Harb may constitutionally parliamentary vote on the Minister of Interior and Minister of Defense collectively any in one basket and one vote because the Constitution and the rules of procedure stipulated voting individually any there be a vote for each minister separately in the case of a candidate for the post of prime minister when the formation of the government only did not require the constitution and rules of procedure in other cases in accordance with the provisions of Article 76 of the Constitution and Article 49 of the Rules of Procedure of the House of Representatives…

Read More: http://dinarupdates.com/blog/

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tman23 - On the subject of deleting the zero’s project….. If anyone recalls this past June or there abouts – Barzani spoke publicly about Kurdistan issuing it’s own currency and the subject was not so much directed at “independence” as it was their growth could no longer tolerate financial accounting with the CBI 3 zero IQD policy remaining status quo.

The Kurds were preparing to open their stock exchange and a major part of the exchange was options to purchase corporate debt…… The Kurds were using the currency issue as a visual leverage arm to independence but this was not the case being made in it’s entirety… The fact is if some care to research that article – it directly spoke on the 3 zeros and stock exchange.

Read More: http://dinarupdates.com/blog/
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BGG - While not an easy thing to confirm – for or against – the earlier report that Ismail and Jubouri were headed to Switzerland is at least interesting. It would be a difficult thing to disprove (for fact)…even if one had the access. The upside is – this is at least the “right kind” of information we would want to hear.  While some are convinced Dr Shabibi is in no way involved – it is not impossible to believe he is monitoring things from where he is. I have had personal contacts who advised he would never return as long as Maliki were there (in any way) but his name WAS MENTIONED (at least in that context). This implies to me, he is still a person talked about over there…

Read More: http://dinarupdates.com/blog/
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Parliamentary Finance: Adoption of the 2015 budget early next year.

[Baghdad] A member of the parliamentary finance committee today that “the financial budget for 2015 will be approved early next year.

He said Jabbar al-Abadi told all of Iraq [where] that “most of the investment projects for 2014 will be transferred to the budget in 2015 and therefore there will be operating expenses plus investment expenditures that have been converted from the budget in 2014, it ruled that there will be a delay in approving the budget in 2015.”…

Read More: http://dinarupdates.com/blog/
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Chattels - THEY’VE DONE THIS BEFORE…but! this is on the front page of almada paper.. however, they did this about a year and a half ago too… for about three weeks straight!  Iraqi dinar exchange rate for the day:  USD: 0.9 Euro: 0.7 Pounds: 0.5LBP: 1302.6KD: 0.2SR: 3.2AED: 3.2JD: 0.6 .  supposedly equates to $1.11.  checking the CBI and as expected, nothing. Remember the CBI is on holiday for at least four (4) days.
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Poppy3 - THE BANKS BEING DOWN IS WHAT HAS BEEN SAID SEVERAL TIMES THAT THEY NEEDED 3 DAYS BEING DOWN TO IMPLEMENT THE RV.  I HAVE NEVER SUBSCRIBED TO THOSE THOUGHTS BECAUSE CHANGES ARE MADE ALL THE TIME WITHOUT THE BANKS CLOSING.
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Millionday - Article quote:  “The House of Representatives failed to vote on the candidates submitted by Abadi to the ministries of interior and defense…“   SO AS WE SEE – THE LAST TWO POSITIONS ARE NOT FILLED YET.  ABADI HAS STATED THAT HE WILL MAKE SURE THEY ARE IN THIS WEEK.    THEY WOULD BE OFFICIAL WHEN THEY ARE SWORN IN WHICH WOULD FOLLOW THE VOTE OF PARLIAMENT AND WILL BE TELEVISED.  THERE ARE MANY MANY THINGS DONE THAT HAD TO BE COMPLETED FOR THE COUNTRY TO ACTIVATE THEIR ECONOMIC REFORMS.

SO WE HAVE THURSDAY THE 9TH OF OCTOBER — BUDGET –OIL –SALARIES–AND THIS WEEK THE NOMINATION BY ABADI FOR VOTE IN PARLIAMENT FOR SECURITY MINISTERS – THE NATIONAL GUARD LAW IS PRINTED IN THE GAZETTE AND THEY WILL BE USED FOR THE BORDER SECURITY IF NEEDED — THE MINISTERS ARE SWORN IN ALL TOGETHER AFTER THE LAST TWO ARE VOTED IN AS A GROUP — WE WOULD HOPE THIS IS PART OF THURSDAY – WE HAVE MEETING WITH CBI AND ALL BANKERS WITH FINANCIAL OFFICIALS OF THE COUNTRY WITHIN THIS TIMEFRAME AS WELL — I READ IN TWO REPORTS IT IS TUESDAY BUT WE HAVE TO WAIT UNTIL WE SEE IT - AND WE HAVE A NEW RATE REPORTED ON ONE OF IRAQ`S NEWSPAPERS – 
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Read More: http://www.dinarupdates.com/

Here’s a curious screen shot 

BGG ~ Not sure it means anything – but it sure is good to see :) Almadapaper.net/ar/

Read More: http://dinarupdates.com/blog/
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tman23 - This becomes COMICAL….. We have ISIS running rampant through Iraq (past tense) and oil prices remained stable……. Then we have foreign airstrikes take place driving ISIS in a different direction and oil prices drop…. And now today there is over 40 countries united in eliminating ISIS and the threat and we have…….  The International Monetary Fund, warned that the struggle against “daash” conditions in Iraq might cause soaring world oil prices.
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Millionday - Article quote: ”Prime Minister Haider al-Abadi, Saturday, politicians to “unity”, with the promise to “do everything in his power to be the next period is shining.“  THIS IS THE STATEMENT TO THE IRAQI PEOPLE TODAY BY ABADI — STATING THAT THE NEXT PERIOD IS PROSPEROUS AND SHINING– HE IS CALLING FOR UNITY IN THE GOVERNMENT.   HE HAS STATED HERE THEY ARE MOVING FORWARD WITH THE REFORMS AS THEY HAVE ANNOUNCED IN THE GOVERNMENT TO PLACE IRAQ ON TRACK — HE HAS ALSO STATED THAT THEY ARE GOING TO HAVE A QUANTUM LEAP!!  WHOOOPOW!!
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Kaperoni - Article:   ”National Alliance: candidates for security ministries vacant and will be brought to a basket and one to a vote in Parliament”   one basket or by themselves..it wont take long to seat two ministers once they agree.  Get it done.
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Iraq new 1,000-dinar note confirmed

http://www.banknotenews.com/files/f4…70890-3189.php

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tman23 - Jabouri and Ismail (acting CBI governor) along with 3 other representatives are scheduled to be in Geneva Switzerland…(Geneva just also happens to be the home of Shabibi)…Jabouri and Ismail is solid information and consider it confirmed!!
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Kaperoni - 
Article:  “Deputy: file security ministries to resolve dramatically and will be a budget for the remaining months of the year after the feast“  Quote:  “there is a great tasks awaiting the House of Representatives when it resumes its sessions after the holiday Eid al-Adha, including the issues of security ministries and the budget.“  A lot of pressure is being put on parliament “just after the feast.”   Lets hope they accomplish what they say
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Poppy3 - it beginning to look a lot like we are going to have a great Christmas and a BIG TIME THANKSGIVING PERIOD.  
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Hakim promises to dismiss failed figures at key posts

Baghdad (AIN) – The head of the Supreme Iraqi Islamic Council, Ammar al-Hakim, said during the ceremony of Eid al-Adha Prayer held at his office in Baghdad on Sunday morning “We will not permit the failed sides to work in our name or under our cover.”
“We will dismiss the failed officials who assume the key posts,” he concluded.

Read More: http://dinarupdates.com/blog/
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Mailman17 - I WOULD LOVE TO PUT TO REST THE ISSUE OF THE NEW 10,000 DINAR NOTE SUPPOSEDLY IN THE PUBLICS HANDS FOR A FEW MONTHS AS SOME REPORT.   HOGWASH…IF THAT WERE THE CASE WE WOULD HAVE A PICTURE OF IT…AND THE CBI WOULD LIST IT ALONG WITH THE OTHERS ON THEIR WEBSITE. THIS, IMO…IS TO THROW OF [OFF?] SPECULATION THAT NOTHING IS IN MOTION FOR CURRENCY REFORM AND THE RV.  AND THE FACT THAT IT IS REPORTED THAT THERE ARE A 25,000 AND A 50,000 NOTE ARE AGAIN IMO…BS…STAY WITH THE FACTS PLEASE. AND IF ITS IN PRINT…PRINT IT SO WE ALL CAN READ.
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BGG - [What is the current status of the rv process...?]  Obviously – we have all been waiting longer than expected…however, my current take is - once this minor conflict between the CBI and GOI is resolved – we are in much better shape than ever before, JMHO.
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tlm724 - Article:  “Citizen: Ameri-Obeidi and more fortunate to take over the interior and defense portfolios“  “Khalid al-Obeidi, the luckiest in the parliament to take over the interior and defense portfolios.”  looks like Obeidi is the man of the hour  the delegation of the Kurdish leadership will visit Baghdad soon to discuss with the leadership on the nomination of ministers of the Kurds, who will perform the constitutional oath after the holiday,”  kurds are on board and participating, we will have all the issue’s settled in short order.
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Khalati: File of nominating Security Ministers largely settled

Khalati: File of nominating Security Ministers largely settled Baghdad (Forat) – MP, Hasan Khalati, of the Citizen bloc confirmed that the file of the Security Ministers is largely settled.

He stated to Alforat News Agency (Forat) “The Budget for the next months of 2014 will set after Eid al-Adha when the parliament will resume its sessions.”

“The Security Ministers will be nominating after solving the issues of the merits for each community,” he concluded. /End/

Read More: http://dinarupdates.com/blog/
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Poppy3 - THE CBI IS CLOSED DURING THE HOLIDAY?   I AM HEARING MIXED ANSWERS.  SOME SAYING THEY WILL BE CLOSED AND OTHERS SAYING THEY WILL REMAIN OPEN. I HAVE HEARD THAT THE GOI AND PARLIAMENT COMMITTEE’S WILL CONTINUE TO MEET AND TRY AND SOLVE ISSUES SO THEY CAN VOTE WHEN THE NEXT ENTIRE PARLIAMENT IS IN SESSION. I ALSO HEARD NONE OF THEM ARE GOING TO BE ALLOWED TO TAKE OFF FOR THE HOLIDAY.  WE HAVE TO WATCH AND SEE THEIR ACTIONS–-THE CBI SITE SAYS THEY WILL BE CLOSED BUT THEY HAVE SAID CLOSED BEFORE AND STAYED OPEN. TIME WILL TELL THE FACTS AND WE WILL KNOW FOR SURE IN A FEW HOURS.

I HAVE NO PROOF ANYONE HAS BEEN PAID. I AND NO ONE IS REPORTING THE BUDGET HAS BEEN OPENED, THEY HAVE NO REPORTED VOTING ON THE BASKET OF BANKING AND FINANCIAL LAWS, HOWEVER THEY HAVE AGREED ON MANY OF THESE ISSUES AND A VOTE IN INEVITABLE AND ALL THIS CAN HAPPEN WITHIN A MATTER OF MINUTES BUT THEY HAVE TO BE IN SESSION TO TAKE A VOTE. THE QUESTION IS ARE THEY IN SECRET SESSION AND WHEN THEY VOTE HOW FAST WILL THE CBI ACT?

ALSO ALL NEWS THAT HAS BEEN CONFIRMED SHOW THIS IS A MAIN FOCUS FOR THEM AND THE OTHER THING IS ACCORDING TO THEIR OWN STATEMENTS NONE OF THIS MAY BE MANDATORY TO GET DONE BEFORE THEY CAN RV SO GUYS IT CAN APPEAR AT ANYTIME. 50/50 THEY CAN GIVE NEW RATE ANYTIME IN SESSION OR NOT.   BANKS BEING CLOSED FOR 4 DAY CAN BE A GOOD THING.  WHO KNOWS AT THIS POINT I CAN SAY IF THE BANKS ARE CLOSED I WILL KNOW FOR FACT BY TONIGHT.
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Millionday - LAST NIGHT THEY MET FOR AN EMERGENCY UNSCHEDULED MEETING (MINISTERS) TO SET UP THE AGREEMENT FOR KURDISTAN REGION PAY AGREEMENT – TO COMPLETE BUDGET AND SEND TO PARLIAMENT…TO COMPLETE 2014.  THERE ARE MANY MEETINGS THAT ARE TO TAKE PLACE TOMORROW AS WE HAVE SEEN IN THE REPORTS — I AM VERY ENCOURAGED BY THE REFERENCES TO THE FEAST TOMORROW AS WELL.  WE HAVE SO MUCH THAT IS SUPPOSED TO BE DONE TOMORROW AND THE DAY AFTER.  

FEAST IS TOMORROW AND IT IS NOT A GOV AND BANK HOLIDAY FORMALLY.   SO THE PARLIAMENT WILL WORK AND WE HAVE THE CBI AND BANKING MEETING – A CONFERENCE GOING ON AND SO MUCH HAPPENING WITH ARMS FOR IRAQ AND THE MEETING FOR BUDGET AND PAY FOR KURDS COMING.  I WOULD NOT BE SURPRISED TO SEE HUGE PRESS RELEASES AFTER FEAST TOMORROW.
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Chattels - Article quotes  “Said Vice President Iyad Allawi said that “the resolution of the candidates and the interior and defense ministries will be after the holiday of Eid al-Adha directly.“ ”Allawi added that “the subject of a ministerial interior and defense will be decided after the feast candidates directly, and there are still many discussions in this regard.” He stressed the need for “a consensus on the names of the candidates,” adding that “this agreement is only the shapes of the case.
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Hashemi praises al-Abadi: trying to clean the disastrous policies of the owners

Warned Iraqi Vice President Tariq al-Hashemi, the former, that ‘the former Prime Minister Nuri al-Maliki continues to sabotage Iraq’.

He praised al-Hashemi, his cross on the social networking site (Facebook) role sought by Prime Minister Haider al-Abadi in addressing the crises of the country, which he inherited from his predecessor, Nuri al-Maliki, according to the recipe.

He said that ‘the Prime Minister Haider al-Abadi diligent and tries what he can, that is distinct from his predecessor, but this has taken important decisions, although the majority of them go out to address the deteriorating security situation, which he inherited from his predecessor, Nuri al-Maliki. ”…

Read More: http://dinarupdates.com/blog/
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Frank26 - IMO, I am looking forward to the Parliament returning next Thursday.  WATCH ONLY BAGHDAD…That is where the budget sits.  Not isis…dash…CBI…Kurds…Not even the USA…WATCH ONLY BAGHDAD.  Follow the Tracers of every shot they are now taking. Getting Very Difficult for them to continue hiding in Secret.
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Arthur - For the most part I have never believed in delays which I see as manufactured by people when they are wrong about the RV happening on a given date.  I see things as just happening as they are supposed to according to the progress Iraq makes toward economic and political stability. But per an extensive talk with my Iraqi contact, I now believe there has been several recent delays to this overall process. The first unforeseen circumstance was grossly underestimating the deleterious impact of DAASH and the ineffectiveness of the Iraqi military as led by Maliki to deal with that situation as it unfolded over the end of the summer. Due to a combination of disdain and distrust for Maliki, and their unwillingness to put their lives on the line for what they saw as a corrupt dictatorial regime, DAASH was allowed to get disproportionately out of control and became a delaying factor as is evidenced by the unprecedented international military response to the ISIL threat to Iraq’s sovereignty. 

Another delay is what I call the Maliki factor as in how long it took to get him out of office, all the enormous corruption they have uncovered, including undoing the damage from his inept maintenance of the security file (MOD/MOI) and from all the money he stole or otherwise misappropriated in conjunction with lower global oil prices than originally expected which has engendered a budget deficit that none of their economist nor the UN and U.S. financial experts were prepared for. This has therefore delayed completion of the GOI and caused complexities to the budget that has called for several recent amendments leading to the reason we are now projected after Eid al Adha as opposed to before then as PM Abadi originally promised.

The good side affect to these delays is that it has allowed the banking/CBI side to progress monetary reform preparation beyond what they would have otherwise accomplished which when combined with the new unified government has allowed parliamentary quorum conducive for passing all the necessary legislation that now has Iraq on the verge of a monumental moment in their history that will finally allow the PTB/AOP to give the green light to restore Iraq back into the international community with the monetary reform and restoration of the IQD in the very near future…as just tonight their TV news announced they would begin to finalize their monetary reform right after Eid al-Adha. 

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Poppy3 - WELL THEY HAVE DAILY RESCHEDULED THE VOTES ON THE BUDGET AND MINISTERS. SEEMS EVERY DAY AND NOW INTO THE HOLIDAYS AND RELIGIOUS TIME IT IS VERY ENCOURAGING THAT THEY ARE STILL IN MEETINGS TRYING TO FIND A AGREEMENT TO COMPLETE THEIR GOI AND BUDGET.   THERE ARE MANY RUMORS AND DIFFERENT PEOPLES IDEAS OF WHAT THE REAL HOLD UP COULD BE BUT I EXPECT AT SOME POINT THERE WILL BE A BREAKTHROUGH AND WHEN THAT HAPPENS EVERYTHING WILL HAPPEN VERY FAST.  INTERESTING THE CBI MANAGEMENT IS NOW INVOLVED.  ANY DAY NOW CAN BE OUR DAY. 
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URGENT: Abadi to deliver an important speech to the Iraqi people and security forces tonight

C938F2BE 1971 4E9E 9776 C6C721363F49 cx0 cy2 cw0 mw1024 s n r1 650x365 URGENT: Abadi to deliver an important speech to the Iraqi people and security forces tonight

Iraqi Prime Minister Haidar al-Abadi.

The Iraqi Prime Minister, Haider Abadi will deliver an important speech to the Iraqi people and the security forces on Friday evening…

Read More: http://dinarupdates.com/blog/
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BGG - [how long can they go without approving the budget before they get into total financial turmoil?]  Not much longer – it is a serious situation.  [DO U HAVE ANY KINDA TIMELINE FOR THE BUDGET?]  I don’t – but reportedly – it will not be long…for me though, the budget is not the key – solving this conflict between the hags in power and the Parliament is [What is the current status of the appointment of the Defense and Interior ministers? And does that have any substantial effect on currency reform?]  Very close – yes, balance of power is an issue for the IMF – etc.   [Awhile back [Guru] Tlar had posted that the Security Minister would have to be placed for an rv? Your thoughts and have they placed Security Minister yet?]  They have not. Soon though…but I do not agree with that as a “have to”.

If the Dinar rv by itself alone , when will others follow?]  This is all about the IQD – nothing else. If there are others IMHO they will be later – maybe much later. This GCR business is about ratings – not the truth.  [do you feel the initial RV rate will stay fixed, move up or down over the first 30 days or no idea?]  It will be stable – IMHO – if it comes low – they will adjust over the next 3 mos – 1 year.  [do you know if there will be a time limit on when we have to exchange our Dinar?]  I doubt it. It is a currency – not a coupon.   [...how long do you think it could possibly drag on? i've seen some people predicting as far as 2017?]   No way – this needs to happen fairly soon. 
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tman23 - Maliki is still occupying the Palace …Jaffari with an envoy visited the Palace and had a discussion with maliki to vacate…The envoy left the Palace unsuccessful…Maliki remains. It is said that maliki has created a state with in the state and as long as he remains in the Palace many Iraqi’s view him as the man of power.
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SteveI - [HCL all good and just awaiting a vote?]   The HCL has been approved (agreed by all blocs) but will not become official until the budget of 2014 is passed as the HCL is part of the budget. You can not enforce one without the other.  [140  all good awaiting a vote?]  The Article 140 has been approved. It has to do with the power sharing and the new GOI has accomplished that.  
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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SteveI - [The Budget, As I read it is still being formulated and awaiting discussion and a possible vote? ]  The final budget for 2014 has been formulated (as of this post) and it on the desk of the president of parliament now awaiting for him to call for the official vote. The Kurds and everyone has now signed off on it and there will be no readings of the budget, but the final vote.
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tman23 - They are raising salaries and the minimum wage worker will receive over $3000 in one lump sum (retroactive Jan 2014)…Understand that raising the salaries and needing imports will be a slow death to an Oil export dependent country…They now need to raise the value of the IQD to give them purchasing power for imports…IMO Parliament and CoM are meeting and reporters claims of such are not groundless…As ridiculous as calling a RV in the midst of chaos and corruption at the present time, the window remains open 10/7 -10/9 to see a monetary shift.
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Breitling - We’re watching to see if the CBI changes their language and they have not…they still want to reduce the note count.  Not only that, but one of the debates was they they were going to take the currency that you and I have with the 3 zeros on it and pretend that those 3 zeros are gone.  Well that debate is over with.  They are actually printing new 10K note.  The popular note in Iraq is the 10K note.  If they were going to reduce the note supply by removing the 3 zeros or they were going to retire them they wouldn’t take the time or the money and go through the trouble of reducing the note count that they have.
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Instead of…
Our normal Dinar Talk INFO Call

w/BGG  – we’ll do a Live Q & A in the new

DinarUpdates.com Chat room

Oct. 2nd – 8:30pm CST

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Frank26 - Within our investment …These are the days of closure.  They are also the days in which we now walk on a thin shattered transparent glass road.  Know That as You now walk on this newer surface of our investment Each step is poised to collapse and give way to an Iraq without a UNSC Program Rate.  In the still of a coming night …It will give way and happen so fast …Your world and thoughts will freeze for a few nano seconds trying to comprehend the reality of it all.  You may find it hard to believe it has not happened yet but when it does …That too will be hard to …Believe.
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Poppy3 - …TALKED TO BAGDAD.  HE STATES THEY HAVE SCHEDULED AGAIN TOMORROW [THURSDAY] TO VOTE ON BOTH MINISTERS AND THE BUDGET.  AS WE SAID TIME WILL TELL. THE GOOD NEWS IS THEY ARE STICKING TO THE PLANS TO GET EVERYTHING SOLVED And HAVE NOT BACKED OFF OR LET UP ON TRYING TO SOLVE THEIR DIFFERENCES FOR ME I AM PROUD THEY ARE STILL PUSHING …EVEN THOUGH THEIR TIMING IS ON THE DAY LATE MODE AS USUAL. I AM PROUD THAT ABADI IS STICKING TO HIS GUNS AND HASNT BACKED UP OR LET UP ON THE PROCESS .
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Adam Montana - I’m not going to dismiss the seriousness of ISIS, but I am going to discourage a “sky is falling” attitude...the pressure is on everyone to join the fight and push ISIS back, and that’s happening. When you’re watching the news, remember this - doom and gloom sells ad spots in the media. Happiness and success is often ignored for that reason, and negative stories get hyped beyond reality in order to generate those $$$’s.  So, until the RV is announced or a lop is announced… take it all with a grain of salt, be thankful for this opportunity no matter how we walk away from it (hopefully you’re learning a lot as we wait!), and stay calm…hopefully the next time I post here it will be with the news we’re waiting for.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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pinocchio-smileyLONG copyBlaino - [For those interested in the Zimbaubwe currency]   ZIMBAUBWE!   MOVING IT SEEMS!  WE WERE ALERTED TO A SITUATION… LATE THIS EVENING [WEDNESDAY] AND TURNED ALL OF OUR RESOURCES TO THE FACT THAT THE ZIM WAS APPEARING TO …. “GO”.   BLOOMBERG, SEVERAL OTHERS WERE SHOWING IT AT (APPROX) 0.0031.   WE ARE STILL UNDETERMINED ON ANY LOP…WE HAVE HEARD…LOP 6 ZEROS.  ALSO…. SOME SITES SHOWING ZWL AS A CURRENCY CODE, OTHERS SHOWING ZWB. THE ZIM $100T NOTE AT THESE RATES…ASSUME THE LOP OF 6 0′S…WOULD BE:  100,000,000 X .00310217 =   $310,217.00   EACH.

FINANCIAL OFFICER…TOLD ME THIS EVENING…. “EVERYTIME WE THINK WE SEE THESE NUMBERS…THEY NEVER EVER CHECK OUT...”   ”AND I’M ABLE TO SHOW YOU IN MINUTES THAT THERE’S NO VALIDITY TO IT“.  WELL…AFTER MUCH CHECKING…HE REPORTS…THAT HE CANNOT SAY IT’S SMOKE!   HE SEE’S IT SEVERAL PLACES!   IT DOES SEEM, TO THOSE THAT ARE SUPPOSED TO KNOW, TO BE AS REAL AS IT GETS AT THIS HOUR!  …MORE AS WE GET AND CONFIRM IT!

(This one should get a “2″ Pinocchio rating – more BS)
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Adam Montana - I have 2 questions. 1)if HCL is approved,do you think there are any other obstacles that can interfere for RV? 2)how about the progress of HCL,is it bad or good? I really don’t see anything else – in order for the HCL to go through, the other obstacles need to be handled, and that’s what they are doing right now… so I’d say it’s going good!
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Millionday - WE ARE IN SUCH A DIFFERENT PLACE IN OUR INVESTMENT…WE HAVE HAD MANY LAWS PASSED IN THE LAST DAYS…AND ALL OF GREAT GREAT IMPORTANCE [Article] Parliament will form a special committee for the application of Article 140…THEY ARE SETTING UP THIS COMMITTEE TO KEEP ALL ISSUES CALM SO THAT THE APPLICATION OF ARTICLE 140 IS PER AGREEMENT… IT IS VERY OBVIOUS HERE THAT THE KURDS HAVE ANNOUNCED THAT THEY ARE VERY HAPPY IN THE PRESS WITH THE FEDERAL GOV…. HUGE CHANGE FROM WHERE WE BEGAN AND WHERE IRAQ HAS BEEN FOR ALL OF HISTORY… I REPORTED THAT THE KURDS HAVE JOINED THE GOVERNMENT AND THEY HAVE A TRUE UNIFIED GOV NOW
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home7

Iraqi Dinar/Dollar auction 10-02-14

Currency Auctions Announcement No. (2786)

This daily currency auction was held in the Central Bank of Iraq on the 02-Oct-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 10
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                137,430,000
Total offers for buying (US$)                            137,430,000

Read More: http://dinarupdates.com/blog/

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Millionday - [is it really this soon, like for real?]    THE VALUE WILL CHANGE FOR GLOBAL TRADE SO THAT WORLD ECONOMICS AND COMPLIANCE IS FOLLOWED – WHEN IS NOT GUARANTEED BUT IT LOOKS VERY CLOSE BY WHAT IS BEING SAID.
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Frank26 - When they return a week from tomorrow ...IMO THE HCL will be in a perfect environment and …Position of …Check Mate.
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Lojak - Article quote:   “the Ministry of Finance and Treasury that Iraq suffers from a financial deficit caused by the scary former Prime Minister Nuri al-Maliki could lead to cut the salaries of state employees in the coming months.”  the fact is that they are broke and have huge needs to move forward with monetary reform.   Broke is broke and they need to pay many many bills. When banks over there in the green zone have to close regularly because they cant get cash from the CBI…thats not good.  They have been limping along for 8 months, getting just enough denoms to survive 3 days at a time.– and thats not an example of cashflow poor(aka broke) I dont know what is.
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Adam Montana –  [ I am led to believe that there will be a pool of $$$$ for the higher rates but when that pool is used up you will have to accept a lower rate. It is on a first come first served basis so you want to get to the bank ASAP.  Any input on that?  I’m going to say that’s absolutely false – the rate is the rate, and in fact it may end up going UP as demand for it increases. Some people are under the impression that once the value raises, everyone and their mother is going to race to dump it. I strongly disagree with that idea - some people will race to the bank, but plenty of smart investors will actually be in BUY mode, which will have an effect on the value.  Here’s what I know for sure -  There is no “pool” reserved for the first X dinars…
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Official: al-Maliki during the next two months will be tried as a war criminal

1 (45)Baghdad / Iraq News Networkrevealed an official source in the Iraqi government, headed by Haidar al-Abbadi details are being studied by a secret committee of competent expensive Abadi, on the trial of former Prime Minister Nuri Kamal al-Maliki and his aides with the most prominent during the next two months in a court source, who Khash.oukal requested anonymity, because within the Committee that “the most prominent candidates for the presidency of the Special Tribunal Judge Munir Haddad, a former deputy head of the Supreme Criminal Court as well as the judge Rizgar Mohammed Amin, and Judge Arif Shaheen and there will be an investigative body composed of 25 investigative judge and the prosecution is composed of a number of judges who have been trained, some in Geneva and Amsterdam…

Read More: http://dinarupdates.com/blog/
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tlm724 - Article:  “Breaking News Parliament to resume its sessions on October 14, 2014“   Abadi wants this budget passed asap but they can’t do it UNTIL they come to a consensus with the kurds.  they have to have inclusion or the country will fail and with their failure comes our failure…trust me when I say it must be done right this time, erasing the mistakes of Maliki is a huge job…
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Kaperoni - Article:  “Council of Ministers asked the financial rewrite the budget deficit for the great“    Good progress.  The CoM will get the revised budget for 2014 to parliament this week.  They have to start over reading it 3 times but we could have this approved mid October.  [Didn't I see a new mandate where they only needed to read laws twice?]   we will have to wait and see.  In any case, it hopefully will pass within a week or so.
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Adam Montana - Current situation:  Budget: We are extremely close to seeing the budget passed, and in such a way that the Kurds will be happy with it. In fact, Salim Al-Jiburi (the Iraqi speaker) did meet with Yusuf Mohammed (speaker of the Kurdistan region’s parliament) just earlier today, and preliminary reports are showing that they are in agreement on how to move forward.  In regards to the budget, it’s interesting to know that more than 20% of the Kurdish regions people are on Government payroll, and that actually accounts for over 70% of the public spending (the money that Baghdad sends to them)… so not only do they want to resolve this quickly, but these are the same government officials who will be pushing hard for an increase in the value because it literally goes right in their own pockets when it happens!

ISIL/ISIS: There is no way the IS problem will ever be truly and completely eradicated, so the best we can realistically hope for is successful containment.  With that said, there are continuing reports of IS militants being driven back, out of Iraq.  …the bottom line is that IS is less and less a major concern in Iraq as they are being dealt with, the budget resolution is in motion, and HCL won’t be far behind that.
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News for re-nomination for post of Minister of Interior

Candidate for the position of the Ministry of Interior / Riad Ghraib

National Alliance intends to re-nominate Riad Ghraib for the second time for the office of the Interior Ministry after that failed to win the confidence of the parliament during its 14th session in the sixteenth of September last year…

Read More: http://dinarupdates.com/blog/

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Lojak   Article:  “Parliament rapporteur: Minister Kurds will perform the constitutional right just after the Eid  they have struck a deal…an emergency session is in the very near future (not in the coming days…) lol.
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Frank26 - The GOI is going on vacation on Saturday, Oct 4 and will return on Thursday, Oct 9 now…when the GOI returns, IMO, they will proceed with the MR [Monetary Reform].  Abadi is working on reform of 27 laws, and these must be finished before we can see an IR [International Rate]; he has until the end of 2014 to accomplish this, but we will see when the GOI returns on Oct 9 how long he takes; some of these pertain to the Erbil agreement.  The budget is being audited now, and this is why we saw Barzani run to Baghdad; is the HCL being added to the budget?  The disputes between the Kurds and Baghdad are settled IMO because he believes the Kurds have seen the budget and know it is very good for them. 

Headlines sound like a plan to vote on the budget after the GOI returns, however, articles also state that with or without the budget, the MR (Monetary Reform) will move forward.  Article that the Kurds will be paid with the advancement of the budget; all of things are good for our investment.  Article states that Abadi is waiting for financials to come to him, and also states that salaries will be paid before Eid; according to the COM, the payments to the Kurds is coming out of the 2014 budget, and the 2014 budget can only deal in IQD, they cannot use USD or other currency.   Can the 2014 budget still contain a program rate of 1166? If it does, how could they be paying salaries?  The MR is white hot, and the holiday break is a way to cool it down to accomplish what needs to be finished.
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Kaperoni - Iraq is making progress and the last month or so a significant shift towards passing laws and working to help the Iraqi people is happening. No doubt. But we need to be realistic that it may take another month or two for them to accomplish what is needed to create the right climate to open the economy in Iraq.  Any change in dinar value will come as a result in Iraq’s economic progress. We need to be patient and let it come to us.
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tman23 - Confirmed everybody is getting paid this week in Iraq…There is to be a planned announcement Wednesday evening.
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U.S. strikes help Iraq Kurds, army advances against Islamic State

ARBIL Iraq/MURSITPINAR Turkey (Reuters) - Iraqi Kurdish forces captured a strategic border crossing and several villages from Islamic State fighters in northern Iraq on Tuesday, scoring gains as the militants were pounded by heavy U.S.-led air strikes and the Iraqi army advanced from the south.

An Iraqi Kurdish political source said Kurdish peshmerga fighters took control of the Rabia border crossing with Syria in a battle that began before dawn…

Read More: http://dinarupdates.com/blog/
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Delta - all good news in Iraq right now, the 2 remaining ministers (interior and defense) need to be named, 50/50 chance that we’ll see it before the holiday; Kurds look happy and building trust and confidence with Baghdad; finance committee, COM all asking why the 000 have not been deleted; IMO, if we don’t see anything before the holiday, the second week of Oct after they come back from holiday will be very interesting.
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OOTW - 
AT THE PARLIAMENT SITE – THE FEDERATION COUNCIL BILL IS LISTED AS “PASSED LEGISLATION” IT ONLY NEEDS TO BE UPLOADED TO THE GAZETTE NOW TO BE ACTIVATED.  THE FEDERATION COUNCIL ARE GUIDELINES WHICH UNAMI HELPED IRAQ TO DEVELOP WHICH SETS UP A GOVERNING BODY OVER THE ENTIRE IRAQI GOI AND LAW SYSTEM.  IT’S TO BE COMPOSED OF FIVE HEADS AND TWO REPS FROM EACH PROVINCE.  THEIR WORK OVERSEES ALL MAIN MINISTRIES AND PROJECTS.  BECAUSE I CANNOT GET A FULL COPY OF THE UNAMI MANDATE I CAN’T SEE EVERYTHING, BUT THE WORD IS THAT IF MAHMOUD WANTS TO OVERTURN A LAW PRESENTED BEFORE HIM, WHICH HAS BEEN PASSED BY PARLIAMENT, THE FEDERATION COUNCIL CAN GIVE THE GO AHEAD TO IMPLEMENT THE LAW.  IT TAKES MORE CONTROLS AWAY FROM A PM AND THE SJC…DISTRIBUTES POWER MORE EVENLY.  [i.e. "inclusive" gov't?]  EXACTLY.  [So that's part of the power sharing agreement?]  YES.
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tman23 - In a statement, said the Council had received (treasures media) a copy, “the holiday of Eid al-Adha will begin from Saturday until Thursday of next week.“  it is now official. Baghdad – Prime Minister announced, Tuesday, that the holiday of Eid al-Adha begins Saturday and ends on Thursday next week.
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Tonite’s Call was a LIVE dial in

760-569-7699 pin#398647

DINAR Talk INFO Call

w/BGG - Sept 30th

Click-N-Listen

Smart phone user link – Click here

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Poppy3 - WE ARE WITHIN THE LAST 48 HOURS OF THEIR DEADLINE ON BUDGET, LAWS, MINISTERS BEING COMPLETED.  OUR QUESTION IS HOW MANY DEADLINES WILL THEY MAKE AND WILL THEY FINISH BEFORE THEIR HOLIDAY OR WILL THEY WORK INTO THE HOLIDAY TO FINISH?  TODAY IS A EXCITING TIME FOR ALL IRAQ AND FOR YOU AND I.
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Millionday - I gather...the budget did not get passed today?]  THE BUDGET WENT TO PARLIAMENT BUT WITH NO OIL FIGURES AND THEY HAVE ASKED FOR THOSE FIGURES SO THAT PARLIAMENT WILL TAKE IT.   THEY HAVE BEEN WORKING ON IT INTO THE NIGHT AND I THINK THEY WENT HOME TO COME BACK EARLY AND FINISH.    [any word on ministers getting seated?]  ABADI STATED THAT THE LAST TWO WOULD BE BEFORE HOLIDAY AND IS CALLING AN EMERGENCY MEETING.
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Frank26 - There is an internet rumor that the rate is in the Gazette – NO, it is not [the Gazette is a real law library of the judicial arm of the GOI, the real website did not have a rate published...]
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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Poppy3 - …THE NEXT 48 HOUR OR LESS SHOULD SHOW UP WHAT THEY HAVE COMPLETED AND IF ALL IS COMPLETE THEN THE RATE CHANGE SHOULD FOLLOW VERY QUICKLY AFTERWORDS.  
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EXOGEN - October 1st we are looking for a number of things. 1. Bills to be paid  2. Approved Budget  3. The process of salaries in motion  4. LIVE RATE
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WILDDUCK - THERE IS NO GCR FOR DUMMIES BOOK DOWN AT BARNES AND NOBEL. THEY ONLY HAVE ONE CHANCE TO GET IT RIGHT.  [seems like we just might be getting close!]   THAT IS CORRECT, I BELIEVE WE ARE VERY CLOSE.  [So..." Any Second Now " ?]   I CONCUR WITH YOU.  …KNOW THAT THE EARTH ROTATES VERY FAST BUT YOU DO NOT FEEL IT, SO LIKE THE RV /GCR JUST BECAUSE YOU CANNOT SEE IT OR FEEL IT DOES NOT MEAN HUGE STRIDES ARE NOT TAKING PLACE.  IMO WE ARE VERY CLOSE AND YOU CAN TELL BY THE LACK OF REAL NEWS. REMEMBER THIS IS A WORLD EVENT NOT JUST IRAQ.  ALL THE PIECES HAVE TO BE IN THE RIGHT PLACE. THERE IS ONLY ONE CHANCE TO GET IT RIGHT.  THERE IS NO DO OVER .

(UHHHH – Actually – there is no GCR – Dummies)
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“…” Dinar Talk INFO Call

w/BGG  – Sept 30th

Click-n-Listen!!

Smart phone user link – Click here

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Millionday -  THE RATE RIGHT NOW IS 1166 — THATS ALL.   IT DOESNT MATTER IF 18 BACK ROOM MEETINGS GO ON AND THEY INVITE ALL THEIR FRIENDS – THE ONLY ONE THAT CHANGES THE RATE IS CBI — PERIOD.  UNDERSTAND IF THE RATE IS NOT ON CBI — IT HAS NOT CHANGED – NO IF ANDS OR BUTS.
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Chattels - some are saying that a rate(s) are being posted…just beware that all gazettes are not the gazette.
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Frank26 - the budget is in the house and IMO, they still need to read it, and may take a couple of weeks to pass the budget, however we have seen oil tankers leave so perhaps they are already operating under the budget but it is not yet visible; perhaps in the next couple of weeks we will see more of the budget;  there may be a domino effect set off by the budget; many items depend on what is it…it’s very possible that the budget does not contain the program rate, which would explain why it’s being guarded so closely.  MR [Monetary Reform] is moving forward.  IMO, we may see the seated GOI soon.  10/1 is “super hot, brilliant hot” for seeing the GOI emerge and possibly begin to reveal some of the budget through 10/10if the budget is not revealed by 10/10, we look to 19th – 20th all of 2014; these dates are time frame studies to watch the GOI, budget, laws, MR.
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Millionday - AN EMERGENCY MEETING WILL HAPPEN BEFORE HOLIDAY – THE KURDS HAVE JOINED THE GOV AND HAVE 4 MORE POSITIONS — THEY WANTED 5 – THE MEETING IS TO ANNOUNCE THE ENTIRE MINISTRY – THE BUDGET IS GOING TO PARL TOMORROW — AND THEY FINISHED IT – THE KURDS AND FEDERAL HAVE AGREED ON GOV AND THEY HAVE JOINED OFFICIALLY AND THE WAGES WILL BE THERE BEFORE HOLIDAYS WITHIN TWO DAYS THEY SAID.  THE MEETING IS TO ANNOUNCE…AND WHAT I HAVE IS THEY ARE SWORN IN.
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Lojak - …let me explain the goings on, so some on here can be up to speed.  There are two Kurds on the Council of Ministers (the cabinet) that were voted on in Parliament –but actually have not been sworn in and havent participated in the cabinet activities as of yet.  The kurds want their money, as least a written assurance they will have it soon–then they will participate in the cabinet.  The articles yesterday suggesting that they had the support to get a large chunk of money ( some say 4.5 billion) in back salary were the start to what we need.  One assumes based on the one MP from Kurdistan that Abadi has the support to get this done in the Cabinet meeting today.

Once that vote is concluded positively, a whole chain of events will start.  The Kurds will then show up in Parliament and support Abadi for his choice of security ministers–because they have 60 votes, which will put Abadi in the drivers seat on any vote he needs.  And of course, Iraq doesnt have 4.5 billion laying around, they will need to quickly Rv the currency to pay not only the back salary, but they need to pay their own army, retirement salary, blah blah.  Abadi NEEDS the Kurds to get things done.
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tman23 - Forget the budget…First they need to seat the Kurd ministers and as of now, Kurds request that Shaways to be moved from Finance Minister to Deputy PM and Zabari from Deputy PM to FM… such action takes a Parliament hearing…Abadi an Jabouri are discussing a special Parliament session which would seat the security ministers before Eid…And then the discussion if a quorum could be reached…Those expecting a RV this week will be disappointed once again…But 10/7 to 10/9 is a window to keep an eye on.
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Anbar provincial council: the formation of the first nucleus of the National Guard

Council announced Anbar province, on Tuesday, forming the nucleus of the first National Guard troops from the sons of Amiriyat Fallujah.

The deputy chairman of the Council Faleh al-Issawi, a reporter for the agency all of Iraq [where], “it was the formation of the first regiment of the National Guard troops in the Amiriyah Fallujah in Anbar includes 500 fighters of the sons of the tribes.”…

Read More: http://dinarupdates.com/blog/
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Eagle1 - [via BulldogFord65]    IMO, everything is where we want it to be.
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pinocchio-smileyLONG copyTerryK - I’M HEARING THAT WE STAND A GREAT CHANCE AT THIS TOMORROW NIGHT…BANKING NIGHT.  THERE IS TALK OF A LOWER RATE.  THE SAME RATE THAT KUWAIT HAS CURRENTLY.  THIS WILL FLUSH OUT TRILLIONS OF DINAR.  KEEP IN MIND THAT THIS WAS THE ORIGINAL AGREEMENT BETWEEN IRAQ AND KUWAIT.   .50 ONE WAY OR THE OTHER.  3.50 PLUS.
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Lojak - Article:  “Kurdish Civil Servants to Receive Eid Salaries from Baghdad“  Quote:  “The Iraqi central government approved the salaries of the (Kurdistan) Region for the months of August and September before the holiday of Eid al-Adha,“   This article, if true, is supportive of what we need to see.  The Kurds havent actually been active in the new government because they want to be paid.  As the article says, they are owed 9 billion — Iraq doesnt have the money now.  This however should trigger several things  1) the Kurdish Ministers becoming sworn in on the Council of Ministers 2) which in turn should get the Kurds to turn out and vote with Abadi for his choice of the 2 ministers…all of this is interrelated.  The HCL is basically already done, which is part of the platform that all blocs voted on a while back.  They cannot pay the Kurds without RV.  Shabibi and Abadi have the button at this point…just be patient.
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Call to endorse budget with “amendments”, Hammoudi

BAGHDAD/ Aswat al-Iraq: The first deputy parliament speaker Humam Hammoudi called the Iraqi Cabinet to vote on the national federal budget and the amendments proposed.

In a statement, he added if the budget is endorsed in today’s cabinet session, the parliament will discuss it after Eid vacation directly.

He added that the parliamentary committee completed its comments on the budget, which was sent to the cabinet for endorsement.

Hammoudi elaborated that it is important to finalize this issue due to the changes in oil prices and other world affairs.

Read More: http://dinarupdates.com/blog/
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Mnt Goat - Update on the 27 Reforms – Many of these reforms are just replacing many of the Erbil agreement items of the 2009-2010 Erbil  meeting.  Like with the Erbil agreement, Abadi also has timelines to get these 27 reforms completed. The USA and the UN are not going to budge on the RV until these are completed.  Do they all have to be completed prior to an RV? The farthest out timeline for many of the items is  3 months. So we do know they intend to complete all these reforms by January 2015.  I believe the critical issues in the Erble agreement, as a minimum, must be implemented prior to any RV…they are 4 years behind schedule due to Maliki. They are attempting to catch up fast.
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Millionday - THE KURDS AND THE FEDERAL GOV…HAVE RESOLVED.  PAYMENTS WILL BE MADE FOR BACK PAY AND MONEY IS GOING TO START MOVING.  THIS IS IN THE BUDGET.   SO THEY ARE SENDING MONEY BEFORE THE FEAST ON THE 4TH.  THE BUDGET IS TO BE LAUNCHED AND THE KURDS ARE IN IRAQ BAGHDAD IN MEETINGS WITH FEDERAL GOV.  [So the payback will be with Dinars instead of USD'S?]   YES DINARS.  THE KURDS WANTED MORE POSITIONS IN THE GOV.   IT WAS AGAINST WHAT THEY WERE PROMISED AND…THE MOVE TO CHANGE IT IS DONE. THEY GOT 4 MORE IN KURDISTANABADI IS CALLING AN EMERGENCY SESSION BEFORE THE HOLIDAY TO ANNOUNCE THE MINSTERS.   I DONT KNOW EXACTLY WHEN  – ALL WE HAVE IS BEFORE THE HOLIDAY AND ALSO RIGHT AFTER FEAST A HUGE PRESS CONFERENCE. 

THEY HAVE ALSO RESOLVED THE ISSUE WITH THE OIL AND THE BUDGET WILL BE FOR VOTE IN THE NEXT DAY OR TWO.  THE HCL HAS BEEN DONE THEY ADDED A FEW CHANGES AND IT IS WAITING FOR AGREEMENT WITH THE KURDS — AND GUESS WHAT – AGREEMENT IS HERE…THIS IS HUGE NEWS.   WE ARE IN AN ECONOMIC INVESTMENT IN ACTUAL CURRENCY IN THIS COUNTRY`S CURRENCY SO WE HAVE TO FOLLOW THE MONEY AND THEY ARE SAYING THAT THE ENTIRE BUDGET FOR THIS YEAR IS GOING TO BE BEFORE PARLIAMENT TOMORROW.  [ ...will the CBI wait until the budget is opened and approved?] I WILL TELL YOU IN THE INK…A PRESS RELEASE…IT SAYS ANNOUNCED FROM CBI THAT THEY WILL MOVE FORWARD WITH OR WITHOUT THE BUDGET AND FUND IT WITH THE INTERNATIONAL INVESTMENT MONEY.
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Tman23 - So the PUK website and the Minister of Finance both informing the public that the salaries are going to be paid before Eid…TO ME IT SPEAKS VOLUMES THAT AN AGREEMENT IS COMPLETE.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Lojak - Articles:  “Indicators to solve the oil dispute between Baghdad and Erbil“  “Expectations of the arrival of the draft budget to parliament on Tuesday“  More great news…the COM is going to front a few months of salaries for the Kurds. When the budget passes (and it should be quicker than they say) they will get all the rest of the money they deserve.
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DC - Bottom line is that everyone is jubilant right now. We are expecting the full RV on or before the 1st.  With the announcements in the Gazette and on tv and in the banks, we understand everyone is ready.   My understanding is that the $3.58 is the final number.  It’s a final coordination between Iraq, the BIS and the IMF.  We are just waiting on this last little thing from Iraq. I’ve been told the US is out of the picture, and we are supporting this behind the scenes.  In the US everyone is geared up and ready go, and expecting this now. 
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POPPY3 - OK – CALL JUST CAME IN . HE SAYS ALL FOCUS HE CAN HEAR IS THEY STILL EXPECT TO FINISH THE GOI AND THE BUDGET BY TOMORROW. (WE SHALL SEE ) HE STATED THEM FINISHING THE POSTS AND RELEASING THE BUDGET DOES NOT GUARANTEE AN RV BUT HE AND THE COL BOTH STATED THEM HAVING THESE COMPLETED SURE LAYS THE GROUNDWORK AND THERE IS NO OTHER REASON THAN FINANCIAL REFORM AND RAISING THE RATE FOR THEM TO BE PUSHING FOR COMPLETION. THE PEOPLE ON THE STREETS ARE EXPECTING ABADI TO GET THINGS DONE THAT SHOULD HAVE BEEN DONE YEARS AGO. POPPY3
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Dinar Updates @DinarUpdates · 4 hours ago

Anbar politicians declare formation of unit of 500 “national guards”, send letter to Baghdad for govt approval

http://alliraqnews.com/index.php/2011-11-25-02-03-15/149526-2014-09-30-12-24-50.html …

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Mnt Goat - over the weekend a request went out to the speaker of the house to hold a special session prior to Wednesday to vote and to confirm the last of the few ministers.  These are replacement ministers that were rejected already (some twice) on the confirmation process by parliament.   Abadi is targeting this confirmation prior to the upcoming holiday of Eid al-Adha (begins in the evening of Saturday, October 4, 2014, and ends in the evening of Sunday, October 5, 2014). They still do not have a permanent Defense and Interior ministers.

What transpired on 9/7 – 9/8 by announcing a “fully” formed government was all very legal and intentionally done. They  announced a fully formed government to get the UN resolution to form a legal coalition to enter Syria and fight ISIS. Iraq was at a critical point and needed support  to begin operations which was very apparent. There was also a constitutional deadline and missing it was not an alternative. Missing this deadline meant starting all over. They are now in this process of replacing the proxy ministers. It could take weeks or months to do this but they are able to move forward in so many other areas too, even with the proxy ministers.  I am hearing the voting for confirmation of these ministers is once again on the agenda for early this week in parliament. 
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Chattels - watch to see who the interior minister will be…it appears that Ameri is Maliki’s man and if Ameri is “in” then Abbadi has his hands full with the influence of Maliki in his government.
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tlm724 - Article quote:  “According to Najib, the “head of the government committed itself to solving the outstanding problems with the Kurdistan including the salaries of the staff of the region”, and followed that “negotiations and dialogues between the federal government and Kurdistan is still ongoing, and in the case to reach an agreement, it will accelerate in the enrollment Minister Kurds cab of government.”  it is all coming together! not quite as quickly as we wanted but still it’s tremendous progress for sure.  Quote:  “in the case to reach an agreement, it will accelerate in the enrollment Minister Kurds cab of government.”  that would be an inclusive GOI!
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home7

Iraqi Dinar/Dollar auction 09-30-14

Currency Auctions Announcement No. (2784)

This daily currency auction was held in the Central Bank of Iraq on the 30-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 20
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                224,644,000
Total offers for buying (US$)                            224,644,000

Read More: http://dinarupdates.com/blog/

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Stryker - THIS SURE LOOKS LIKE THE WEEK EVERYTHING COMES TOGETHER.
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Lojak - Article:  “Kurds joining the government Abadi and staff salaries region before Eid“  Quote:   ”Prime Minister Haider al-Abadi said the cabinet will hold a session during the next few days to discuss sending an advance to the Kurdistan region to secure the salaries of its employees…Kurdish delegation arrived in Baghdad and Minister Kurds are ready to join the government”   This is really big news, what we need to happen to get the whole thing rolling!!  Iraq is broke…at least the govt. (not the CBI).  They cant be paid without some cash…they cant pay kurds, the peshmerga, the Iraqi army etc without the new monetary reform…  In simple language, that’s it.
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Chattels - [when does the holiday end?]  Istani says that the holiday begins on the 5th, the Kurds have declared the 8th…the CBI shows the Eid as a four day holiday…the Kurds are talking about a full week…so like many things in Iraq, there is no uniform or universal answer to your question.
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Poppy3 - WE HAVE SO MANY THINGS HAPPENING THE RATE HAS TO HAPPEN ANYTIME NOW. JUST GOT A CALL 5AM IN IRAQ AND THEY SAID BOMBING HAS ALL BUT STOPPED ISIS AND THEY ARE EXPECTING TO SEE RATE ANYTIME.

I AM EXPECTING A CALL TOMORROW MORNING BY 10 AM I WILL POST THE INFO AS IT COMES IN POPPY3
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home7

Iraqi Dinar/Dollar auction 09-29-14

Currency Auctions Announcement No. (2783)

This daily currency auction was held in the Central Bank of Iraq on the 29-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                201,637,000
Total offers for buying (US$)                            201,637,000

Read More: http://dinarupdates.com/blog/

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GURUIntelEXOGEN - SOMETHING HUGE DID HAPPEN, LIKE MEGA GIGANTIC 4 REAL!!!  100% IN OUR FAVOR…CROSSED THE POINT OF NO RETURN NOW IT LOOKS LIKE…
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Millionday - THE GOVERNMENT PROGRAM IN ITS ENTIRETY IS BEING LAUNCHED FOR THE ECONOMIC REFORMS AND ALL REFORMS.  THEY ARE SAYING THAT THIS IS THE BEST TIME AND IS THE TIME ALL OF IRAQIS AND INVESTORS HAVE BEEN WAITING ON FOR IRAQ.  [do you think they will hold off until oct or even 2015?]   I DONT KNOW THE DATE …BUT THEY SEEM TO BE IN A MUCH BIGGER HURRY THAN 2015 DUE TO THE BUDGET BEING DONE FOR THE REST OF THIS YEAR. …EXPERTS TO HELP ACTIVATE THE BANKING FOR THE PRIVATE BUSINESSES/SECTOR HAS BEEN CALLED TO THE BANKS TO WORK TO SUPPORT THE DEVELOPMENT OF IRAQ…BANK PREPARATION.

THEY ARE SAYING…THAT THIS IS THE TIME THAT THEY NEED TO TAKE TO MOVE TO THE ADVANCEMENT OF THE NATIONAL ECONOMY...NOTHING IS BEING DELAYED AND…THEY ARE MOVING FORWARD WITH EVERYTHING WE ARE WAITING ON…THAT INCLUDES THE MONETARY POLICY.  BECAUSE OF THE BETTER SECURITY SITUATION THEY ARE CALLING THE GLOBE TO COME IN AND INVEST BECAUSE THEY ARE MOVING TO A MARKET ECONOMY…THEY WILL HAVE TO HAVE A RATE FOR THEIR DINAR BECAUSE, THE DINAR NEEDS A PRICE THAT MAKES SENSE IN ALL COUNTRIES TO DO BUSINESS WITH ALL OF THEIR COMPANIES ENTERING THE GLOBE…THEY HAVE NO TIME TO WAIT.  THIS IS GREAT AND SHOWS US HOW COMPLETE EVERYTHING IS AND HOW CLOSE THEY ARE TO REFORMS BEING COMPLETE.
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tlm724 - Article quote:  “the central bank has taken several measures to develop the work of the Office of the Money Laundering Reporting where he was completing amend the draft law on combating money laundering and terrorism financing by the IMF…“  the CBI has this covered and they are implementing all the necessary measures to comply so they can move forward with the economic and currency reform!  ya gotta love that!
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Rafidain Bank: resume the granting of loans and advances will soon approve the general budget

Khandan - A well-informed sources in the Rafidain Bank that the resumption of granting personal loans and advances will be launched immediately after the approval of the general budget of the country…

Read More: http://dinarupdates.com/blog/

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Tman23 - Rumors are saying maliki has planned a demonstration against Abadi on Sept 30th and protesters will be carrying banners for Abadi to “go” (leave office)…
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Millionday - …ABADI IS BACK AND THEY ARE MEETING RIGHT AWAY TO APPLY RESOLUTIONS OF KURDISTAN, IRAQ, BUDGET, AND MINISTERS.  ABADI HAS CLAIMED HE IS GOING TO RESOLVE THE MINISTERS AND ALSO HAVE THE BUDGET DONE WITHIN THE NEXT FEW DAYS SO DISTRIBUTION OF MONEY DUES WILL BE MADE BEFORE THE EID FEAST…AND BY THE OCTOBER 1ST BUDGET DATE.  THEY HAVE STATED THAT THEY ARE PLANNING ON OPENING THE BUDGET ON OCTOBER 1ST FOR THE DISTRIBUTION OF FUNDS.  THE THREE PRESIDENTS DONT GET THEIR MONEY UNTIL THE BUDGET IS DONE AND THE IMF IS PUSHING FOR THE BUDGET TO BE DONE BEFORE EID DUE TO MONEY NEEDED. THE MEETINGS TO TAKE PLACE TOMORROW [SUNDAY] THROUGH TUESDAY…ARE ALL ABOUT COMPLETING THE BUDGET-MINISTERS-AND REGION ISSUES FOR RESOLVE  

ALL THE CITIZENS THAT ARE TO RECEIVE PAY ARE NOT IN IRAQ — AND ALSO THE FUNDS ARE REPORTED TO BE ON A VISA CARD AND USABLE IN AND OUTSIDE OF THE COUNTRY – SO IF THIS IS COMPLETED THEY WOULD HAVE TO APPLY WHAT RATE THEY ARE GOING TO EXCHANGE AT AND SET VALUE AND INTERNATIONAL RATES FOR THE AGREEMENTS THAT ARE DUE WHEN THE BUDGET OPENS AND ALSO FOR THE CITIZEN AND PROVINCE DISTRIBUTIONS.   SO THIS IS WHY EVERYONE IS VERY EXCITED RIGHT NOW…THE DINAR WILL HAVE TO MOVE FROM AN IMPOSED RATE TO A REALITY RATE…
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Lojak   Article:  “Party Barzani:  Kurds Ministers will then be sworn before Eid al-Abadi and pledged to implement the demands of the region…“  Quote:  “Announced the Kurdistan Democratic Party led by President of Kurdistan, Massoud Barzani said “the Kurdish minister in the federal government will perform the constitutional oath before the holiday of Eid al-Adha.“   If this ends up being true, then we are really looking good folks…This is what needs to get the whole ball rolling...
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Parliamentary Finance: We will host the central bank governor after the feast

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – said a member of the parliamentary finance committee Magda al-Tamimi, the Committee will host the Governor of the Central Bank of the relationship after the holiday of Eid al-Adha, to inquire about the aim of changing the edition coin category ten thousand dinars without moving the project to delete the zeros, and the sufficiency raise the image mathematician Al-Hassan Ibn al-Haytham and put a picture Freedom Monument, as well as other inquiries to the Commission…

Read More: http://dinarupdates.com/blog/

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Poppy3 - NEWS IS GOOD NO SETBACKS AT ALL WE JUST HAVE TO WAIT AND WATCH FOR FURTHER PROGRESS.  THE HCL AND 140 BOTH REQUIRE THE RATE BEFORE THEY CAN BE IMPLEMENTED.  I HAVE ALWAYS SAID THESE WILL BE ALMOST SIMULTANEOUS IN TIMING. 3 TO 4 DAYS FROM TODAY EXPECT TO HAVE ALL MINISTERS SEATED, THE BUDGET PASSED AND THE BANKING LAWS BASKET VOTED ON. THESE ARE WHAT THE DEADLINE WAS SET TO INCLUDE/ TIME WILL TELL VERY SOON.
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pinocchio-smileyLONG copyTD - Additional comments to share from my Kurdish friend (As usual treat all as rumor). The CBI should be releasing another article within the next couple-3 weeks confirming the soon to be released NEW 5K, 25K and the all new 50K notes with the enhanced security features. The integration and exchanging (in house) will then continue as is currently being done with the NEW 10K note. Have you noticed BTW that no currency exchange locations have for sale the new 10K notes??   I’ve been told the various reasons why but I’ll let you debate that for yourselves. Same will be true for the newly printed notes which are still on target to be released during the last quarter of this year.

(Complete horse puckey – I guess TD forgot to read THE BLOG today… )
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Chattels - Article quote:  “on Sunday, the fifth of October next, will be the first day of Eid al-Adha.“   the Eid al Adha holiday is four days according to the CBI website.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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EXOGEN - This is going to be an interesting day!   THERE ARE 2 PLANS RUNNING SIMULTANEOUSLY 1 PLAN WE WANT, AND THE OTHER PLAN WE DO NOT WANT.  Basically the FAT cats in GOI, VP’s, MP’s cannot get their money either, until BUDGET is passed, so there is now additional PRESSURE added… It’s the Final Countdown!

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Poppy3 - 4 days till deadline date for all to be complete and be prepared for the rate change. THEY HAVE SET THAT GOAL AND VOWED TO MEET IT.  TIME WILL TELL AND I AM SURE THEY WILL USE EVERY MOMENT TILL IT IS COMPLETED.   MALIKI, FROM REPORTS,, WAS PHYSICALLY REMOVED FROM THE PM PALACE RESIDENCE THIS MORNING.  THIS IS JUST ONE MORE STEP TO THE COMPLETION OF THE GOI. THEY ARE TOTALLY DISREGARDING ALL RELIGIOUS DAYS AND WORKING TO COMPLETE WHAT HAS TO BE DONE TO IMPLEMENT FINANCIAL REFORM . ALL I CAN SAY IS OUR MONEY IS COMING. 
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Kaperoni - Article:  “Economists are demanding action against the Central Bank to intervene and call for respect for its resolutions“   …prior to opening the CBI’s Capital Account, they must transition to Article VIII and a new Exchange Regime (some kind of float).  This is an absolute must because as investment begins to come into Iraq, it will create inflation.  And the solution to offset that is to allow the dinar to rise based on market forces.  This is all documented in the IMF reports…
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home7

Iraqi Dinar/Dollar auction 09-27-14

Currency Auctions Announcement No. (2781)

This daily currency auction was held in the Central Bank of Iraq on the 27-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 10
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                99,513,000
Total offers for buying (US$)                            99,513,000

Read More: http://dinarupdates.com/blog/

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OOTW - I BELIEVE THE NEXT WTO CONSULTATION FOR FULL ASCENSION (IRAQ) IS TO BE IN 2016.  IRAQ WOULD NEED AN INTERNATIONAL RATE PRIOR TO THAT AND SIGNIFICANT PRIVATE SECTOR DEVELOPMENT.  SO IF THEY NEED PRIVATE SECTOR DEVELOPMENT PRIOR TO THAT CONSULTATION WHAT DO THEY NEED? THEY (IN LARGE PART) NEED INTERNATIONAL INVESTORS.  WHAT DO INTERNATIONAL INVESTORS NEED?  THEY NEED MUCH BETTER LAWS/REGULATIONS TO PROTECT THEIR MONIES INVESTED IN THE COUNTRY.

IF IRAQ ONLY HAS TWO YEARS TO DEVELOP THEIR PRIVATE SECTOR – THEN, SUBSEQUENTLY, THEY NEED INVESTMENT AND BANKING LAW FORMATION AND IMPLEMENTATION ASAP.  THEY WANT STABILITY IN THE REGION - EX; ISIL STILL CONTROLLING MOSUL AND THE BANKS THERE.  HOW CAN THE CURRENCY BE STABLE WITH THE COUNTERFEITING AND LAUNDERING.  LAUNDERING IS THE PRIMARY OBJECTIVE TO CONTROL AT THE MOMENT.

TRUE, GOVT’S HAVE CHANGED THEIR CURRENCY VALUE DURING TIMES OF OCCUPATION.  SO AT BEST, TO ME, IT’S A 50/50 CHANCE RIGHT NOW.  WE HAVE TO GET THE STATE BANKS PROTECTED FROM TERRORISM. TO ME, THAT’S JUST PLAIN SENSE.  AND THE PRIVATE BANKS HAVE TO BE SECURED. IT IS NOT AT ALL PLEASANT FOR ME TO SAY I THINK WE HAVE TO WAIT LONGER. IT’S ONLY MY HUMBLE OPINION.
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Tman23 - An interesting fact…Volunteers who are fighting terrorism in Iraq are displaying signs of low morale because the state has not paid them as promised and their families are suffering due to their absence…The government must pass the budget for these volunteers to get paid…The same message from Kurdistan as workers are not happy as Eid arrives and money to celebrate is held back…Simply put…Iraq needs to advance payments next week!!!
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Kaperoni - Article:   “Maliki refuses to hand over to the palace of Prime Minister al-Abadi”  Quote:  “In a dangerous precedent, clung Nuri al-Maliki Palace, the Prime Minister refused to hand him over to Dr. Haider Abadi, the new Prime Minister...”    I have stated…that Abadi is not living in the PM Palace.  That he has been doing his speeches from one of the other preserved palaces under US security.  This article is now proof.
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Abadi concludes his visit to US

إقرأ المزيد…

Baghdad (AIN) –The Prime Minister, Haider al-Abadi, concluded his visit to the US that last several days and returned to Iraq.

alliraqnews.com

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Chattels - Article:  “The sources told the National Iraqi News Agency / NINA / that ‘the Council of Ministers postponed its meeting, which was scheduled to be held on Saturday to discuss the draft budget for 2014 and the employees’ salaries of Kurdistan region until further notice’. “  the Council of Ministers postponed meeting today, no budget discussions. Cabinet meeting, scheduled today, postponed until further notice.   [ I hope this is a way to throw the media off track, and they will meet behind closed doors, and get everything done.]  doubtful given the news from the kurds.  Article:  “BAGHDAD / NINA / The leading figure of the Kurdistan Alliance, MP Mohsen al-Sadoun ruled out resolving the issues of security ministers and Kurds ministers’ return to the federal government before Eid al-Adha.”  Kurdish MP rules out the return of the Kurds to Baghdad before Eid al-Adha.
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Millionday - [Can we reasonably assume that the budget will finally get approved tomorrow?]  YES IT SEEMS THEY ARE VERY CLOSE WITH IT AND HAVE REPORTED THAT THEY ARE NO LONGER DEBATING AND WILL MOVING FORWARD WITH THE BUDGET LAW FOR THE ECONOMIC REFORM PHASE WE ARE NOW IN.   [Are the last of the ministers going to be voted in tomorrow [Saturday] too?THEY ARE REPORTED TO BE BUT AS ALWAYS WE WAIT FOR THE ACTION - THEY ARE SUPPOSED TO HAVE VOTED THROUGH THE INVESTMENT BASKET SO NOW THEY ARE DEMANDING THAT CBI MOVE FORWARD.  THEY ARE SAYING IS THAT ALL LAWS AND POLICIES ARE IN PLACE FOR CBI TO MOVE FORWARD AND THEY ARE DEMANDING THAT THEY DO MOVE FORWARD.
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Enorrste - Article:  “Economists are demanding action against the Central Bank to intervene and call for respect for its resolutions”  [Shabibi's statement:] ”the process of deletion of zeros is not an economic process, so it does not affect inflation,” explaining that “what affects inflation is monetary policy, and that the deletion of zeros does not fall within the monetary policy, which is not of their tools.“   When Shabibi says that the removal of the three zeros is not an “economic process” he is simply saying that the actual removal of the large notes from circulation has nothing to do with “economic policy”.  He is quite specific in this regard, because he says that the removal of the notes themselves is not one of the “tools” of the CBI monetary policy.  Monetary policy is driven by two tools essentially:  the money supply itself, and raising or lowering of interest rates.  Through either of these the CBI can affect growth monetarily. 

However, the removal of the three zero notes, in itself, is NOT a part of their monetary policy.  Therefore, this has nothing whatsoever to do with a LOP.  To further prove the point, all we have to do is read this quote from the article itself:  ”He continued by saying, ‘It was supposed to be a project to raise zeros culmination of the efforts of the Central Bank, to put us in front of the completion of a historical era important in the monetary history of contemporary Iraqi,“  Clearly a LOP is not a major historic event.  Countries have done it many times over with no appreciable effect worldwide.  However, THIS project is different in that it will put Iraq at the “front” of the line, so to speak.  In short, this article has nothing to do with a LOP while at the same time re-affirming what we already know:  that the removal of the three zero notes will lead to a major rise in the value of the dinar.
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“BIG NEWS…” Dinar Talk INFO Call

w/Poppy3 & BGG  – from Sept 25th

Click-n-Listen!!

Smart phone user link – Click here

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Blue - Article quote:  “Analysts say the camp Maliki is trying to confuse the government Abadi, through its support of the nomination of Hadi al-Ameri, leader of the Badr Brigade, one of the largest armed militias controversial, to the post of Minister of the Interior, and to mobilize the support of other militias and Shiite Islamist factions to support this nomination.  Observers believe that the camp Maliki knows that this nomination can set off all the signs of reconciliation between the main components of the country, and that the alliance of the Iraqi forces, which represents the Sunni provinces, can not accept this nomination.“   This explains why the Kurds smoothly said they are all good with “whoever” the NA nominates… they did not want to step into Maliki’s trap.. did not want to allow Maliki to manipulate them. Sunnis seem to be making wise moves as well..  they are cooperating with the operation in Fallujah… Abadi has remained steadfast…Maliki is about to step on a banana peel.
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Poppy3 - 6 DAYS TILL OCT 1 WHEN WE SHOULD SEE LOTS OF CHANGES AND A RV VERY SHORTLY AFTER IF THEY MEET THEIR DEADLINES ON PAYMENTS.
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Mnt Goat - ...this week Iraq sessions once again did not get the needed votes to confirm the last of the few ministers.  I am hearing this is once again on the agenda for next week along with the first of the readings on some new laws, treaties and reforms  dealing with the economy and financial reform list. Remember also we were told 4 years ago there would be no RV without the Erbil reforms. This still holds true.  Many of these past Erbil reforms are now part of the 27 reform list. The latest of the reform is scheduled to be completed by February of 2015.    

pinocchio-smileyLONG copySome say the RV has already happened. I do know for a fact it has happened on paper but the impact is minimal and is being withheld globally due to this new terrorist attacks and the instability it has brought to the region.   To what extent does ISIS have to be controlled in Syria and in Iraq to allow economic and financial stability to blossom in Iraq?   I believe they will meet this criteria when the Iraq government is completed (more stability) and is able to perform the defensive and security measures needed to secure the boarders of Iraq (more stability) on their own.  Then we have a real good shot at seeing this RV.

(That is a Pinocchio ALERT!!)

Summary:  We continue to wait once again for the controversial ministers  to be seated…the Defense and Security ministers…I am told there is very good possibility this could happen in next week’s sessions in parliament along with possibly the budget being voted on. I think the 2014 budget is being held hostage until these ministers are seated. Let us also not lose sight of the 27 demands as part of their Unity Plan (unification of the three major secs) now in progress. Many of these economic demands have a 1 month implementation timeline so we could see much progress by mid October in this area. Then when can we expect the RV? …we wait for a formal (global) announcement to the public that the Iraq government is now fully formed and seated…this final announcement of the IQD going international will not happen until the USA feels the country of Iraq and its government is stable, non-sectarian and is a functional government. This is has been the plan all along.
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Economists call for non-interference with the work of the Central Bank and call for respect for its resolutions

اقتصاديون يطالبون بعدم التدخّل بعمل البنك المركزي ويدعون إلى احترام قراراته

Baghdad/ghadanfar winfred - Economists say that Government interference in the work of the Central Bank of Iraq in the past hindered the implementation of many projects that would bring substantial economic reforms, including the deletion of zeros from the Iraqi currency….

Read More: http://dinarupdates.com/blog/
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Lojak - Article:  “State law: the 2014 budget would be endorsed by Parliament after the Eid holiday“   …things are definitely on the move…
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Kaperoni - Ok so I had the translator read through this…all the credit goes to him…This sixteen page “academic” analysis by Dr. Mathhar Saleh is extensive.  He touches on the fundamentals as well as the technical factors that affect the value of the dinar…from what I read and between the lines is that the dinar is undervalued at the present time and at the first sign of stability in the security situation there will be more pressure to raise the value of the dinar and quickly…obviously supply and demand is a major factor if you want to float the currency.   Demand will come with stability and monetary policies by “forcing” companies to accept getting paid in dinars and that day may come but when is the million dollar question! 

Then he finishes by saying this…”In my opinion the Iraqi dinar had bottomed out and will recover soon but how fast and how soon remains “wishful thinking!” – I am sure we will start hearing more about monetary policies very soon.” [Kaperoni, When do you suppose this RV shall happen then? IYHO]  I let the experts decide that…but it sounds as soon as stability sets in. IMO they need the laws to support the transition to a market economy and banking laws to support international investors.  Once we see that done, we are close.  And I would hope to see the CBI talking about Article VIII…when the CBI moves to article VIII, it must float…no options.
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Mailman17 - VERY RARE, IF EVER HAS THE POP MET WITH THE CBI GOVERNOR REGARDING ANY MATTER.  I BELIEVE THIS MEETING WAS THE CBI TELLING JABOURI TO GET THESE LAWS PASSED THIS WEEK…AS THEY INDEED ARE NEEDED FOR HIM TO MAKE A RATE CHANGE. THAT GOES FOR THE BUDGET AS WELL.   HYPER SPEED HAS BEEN THE ONLY SPEED THE GOI HAS BEEN AT…AND I THINK THEY ARE EVEN GONNA GO FASTER THAN THAT.   OCT 1 IS STILL A DATE TO LOOK FOR.  AS FAR AS THE DEFENSE MINISTER AND THE HCL…I EXPECT THOSE TO BE DONE AS WELL BY OCT 1.  WE ARE FINALLY AT THE END OF THIS RIDE…AND UNLIKE THE OLD DAYS WHERE WE EXPECTED THE ROLLER COASTER TO COME TO A HALT…THIS ONE IS GAINING SPEED AND WILL BREAK THROUGH THE GUARD WITH THE RV AT THE FRONT…JMO.
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Iraqi leader: U.S.-led military campaign against ISIS welcome if ‘they do it right’

 

 

(CNN) – Iraq’s prime minister said Tuesday he is happy to see the United States and its Arab allies striking ISIS targets in Syria, so long as they “do it right this time.”… 

Read More: http://dinarupdates.com/blog/
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Tman23 - SO, The General Secretary Council of Ministers call for today (Thursday) to be a public holiday in Baghdad in honor of…martyrdom of AL- Imam, Mohammed al-Jawad.  But records show that the death of Jawad was the 29th.  So the question to ask is…Why today, Why a 2 day notice to observe?  IMO there is oh so much more to this.
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Frank26 - This is one of the key issues that my TEAMS wanted to convey last night via me…IT IS THE FACT That powerful economists AND Dr Shabibi AND THE CBI not suggesting but explaining that THE CBI NEEDS to and STILL PLANS to lift the 000′s…IS SO VERY IMPORTANT TO OUR HOPE!!!  THE FACT that THE CBI IS TALKING about lifting the 000′s is because…THEY WANT TOO!!!  Or they would continue to be Illusive.  They are being VERY DIRECT…TO THE POINT.
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Lojak - From everything  I know (I don’t do opinion), the plan is still in place, the ministers will be seated and behind the scenes Shabibi is in charge. Do you really think the IMF/US would allow some clown to run the CBI?  not.  They need to pay thousands of troops in both armies over there months of back pay, pay salaries of the Kurds etc.  Just let things flow…Its all gonna work out.
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Dinar Updates has a BRAND NEW
“non-Java based” Chat Room

1) If you are having any trouble getting in (and are a member) just log out of the website and log back in. That should clear your cache to start over in the new Chat Room (You may have to clear cache and cookies on your browser)…

2) If you are using an Apple device – get the APP here 1st …
https://itunes.apple.com/us/app/123flashchat/id517139646?ls=1&mt=8

3) If you are using an Android OS – get the APP here 1st …
https://play.google.com/store/apps/details?id=air.com.topcmm.A123flashchat

The (required) Mobile Chat ID is 3371

BGG ~ I had the wrong Mobile Download links up on THE BLOG and THE OBSERVER yesterday  (on the 23rd) - I put the right ones up with the active CHAT MOBILE ID (3371) – I uninstalled the Android APP from yesterday – downloaded from the link on THE OBSERVER (currently) input the CHAT ID, my Login & Password – and PRESTO!! Up came a very Cool Mobile Chat. Also Note – TNvolunteer said: When you download the Apple app, choose “123FlashChat” NOT “123 Flash Chat Free”.

Read More: http://dinarupdates.com/blog/
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Adam Montana - [Do you this will happen, before they take another religious holiday?]  If next week is considered a religious holiday, then my answer is “no”.   However… I have to admit that I was pleasantly surprised at how much got done during Ramadan this year. I think we are looking at a new Iraq, so I’m not ruling anything out at this time.
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Millionday - THEY…HAD A PRESS STATEMENT TO CITIZENS THAT BUDGET WILL BE DONE AND IS CONFIRMED. THEY DONT WANT THE 10,000 NOTE REPRINTED AND OUT AND ARE ASKING TO MOVE FORWARD WITH THE NEW MONETARY POLICY NOW.  THE REMOVAL OF THE THREE ZERO CURRENCY AND CHANGE IN RATE WOULD GIVE THEM BACK THE RESPECT IN THE REGION FOR THEIR MONETARY VALUE. THE TIME TO REMOVE THE THREE ZERO CURRENCY IS NOW DUE TO THE BALANCE WITHIN THE COUNTRY`S ECONOMICS AND STABILITY OF THE EXCHANGE RATE. THE RESPONSE FROM THE GOVERNOR OF CBI IS THAT HE NEEDS TO SUPPORT THE MOVE OF REFORMS IN THE COUNTRY.  [So basically the parliament told the CBI to go ahead with the currency reforms and the CBI governor said he would stand by it?]   YES THAT IS WHAT THE REPORT IS TELLING US AND I LOVE IT.   I THINK WHEN THE BUDGET IS PASSED THINGS WILL MOVE VERY FAST DUE TO DISTRIBUTIONS IN THE BUDGET ITSELF.
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Poppy3 - I STILL DON’T THINK THEY WILL CHANGE THE RATE TILL THE BASKET OF FINANCIAL LAWS ARE PASSED SO THEY CAN COMPLETE THE WTO PROCESS OF ACCEPTANCE.   THAT BASKET IS IN PARLIAMENT AND READY FOR VOTE FROM ALL INFORMATION IN INK . UNKNOWN WHY THEY HAVE NOT BEEN VOTED ON YET BUT THEY ARE EXPECTED AT ANYTIME EVERY MEETING. SOME DON’T THINK THE BANKING LAWS HAVE MUCH BEARING ON THE RV.   I …HAVE BEEN TOLD THEY HAVE TO FINISH THE LAW TO BE ABLE TO COMPLETE THE APPLICATION TO THE WTO.   I DO THINK THEY CAN RV WITHOUT THESE BUT BEFORE WE CAN CASH OUT THAT APPLICATION MUST BE COMPLETED TIME WILL TELL.

EVEN WITH THESE VERY FEW THINGS LEFT THAT POSSIBLY COULD EFFECT OUR BLESSING ALL SIGNS AND I MEAN ALL POINT THAT WE ARE CLOSER THAN EVER AND WE NOW HAVE A PM THAT IS PUSHING WITH ALL HE IS WORTH…HE HAS HAD THEM WORK THROUGH HOLY DAYS AND EVERY BREAK THEY HAVE TRIED TO TAKE HE HAS CANCELED AND ORDERED THEM TO MEET AND WORK.   I DON’T SEE THEM BEING ABLE TO TAKE A BREAK TILL HIS GOI IS SEATED AND THE ENTIRE AGENDA COMPLETED LIKE THE HCL, BUDGET, MINISTERS, AND LAWS ARE ALL VOTED ON AND WE KNOW THEIR TARGET IS OCT 1 AT THIS TIME. THIS IS AWESOME AND ABSOLUTELY 180* OPPOSITE MALIKI.  ALL GREAT.
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Commercial Solicitation

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Kaperoni - [Any hunches on what the "urgent message" would be that would require Al-Abadi to leave Baghdad to go to UN to meet Obama? Seems a secure video conference would suffice for any "message" (seems an odd time to remove him from Baghdad will all that is going on?)]  it all seems (at least reported) to be related to military efforts.  UNSC wanted to get these leaders all together to deal with ISIL. That is a pretty signifcant issue.  What Obama wants to say to Abadi, no idea.
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MarkZ - Things are lining up for a historic weekend. I am excited but staying grounded.
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Adam Montana - [When do you think the HCL will be all cleared up?]   …it really looks like they are moving dates up, and we could see it very …. (cringe)… *soon*.   [ If and after this HCL passes and there is no RV,  THEN where are we?]   Here’s my opinion…The most important things for Iraq, the things that NEEDED to happen before an RV, were always these: 1. Seated GOI (99% DONE, and even better – we definitely have a better GOI than ever before!)  2. Chapter 7 released (DONE.)  3. HCL (SO CLOSE!).   3 things…that’s all I wanted. Right now we have 2 down, one to go… and that last one is perched on the edge, about to fall onto the scorecard as a WIN. 
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Economists criticize the issuance of a new currency instead of the implementation of the deletion of zeros

BAGHDAD / JD / .. criticized a number of experts and specialists in the matter of financial and economic policy of the central bank for the issuance of new editions of large segments of the coin, as warned of this measure being will increase inflation, causing the case to confuse economic and stagflation in the domestic market.

They confirmed that during their talk, told / JD / on the importance of moving and speed up the implementation of the project to delete the three zeroes from the currency and not to resort to prosthetic solutions such as the issuance of new editions, the fact that this project will overhaul the currency and increases strength and improves its performance locally and regionally…

Read More: http://dinarupdates.com/blog/
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Tman23 …important are dates between 9/27 -9/30 to see if Parliament proceeds with reading laws and voting…I am stuck on 10/7 -10/9 to see some changes…time will tell…This currency IQD was devalued because of locking Iraq down purposes and war…It will be re-introduced for the same reasons “security purposes”…and the locking down the IQD will be reversed.
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Aggiedad77 - Article:  “Al-Jubouri, the central bank governor: the need to maintain currency stability and to address the process of money laundering“  When was the last time that we saw CBI governor going to the Parliament Speaker and having a “frank” discussion on how they can work together in support of each other….the new CBI governor clearly has a game plan in hand as to how he can work with the Parliament in doing what??? getting new laws passed that will help stabilize their currency and at the same time protect it against money laundering…not counterfeiting…but money laundering…corruption…a key part of Abadi’s whole program…removing corruption from all areas…the CBI is seen going forward as supporting the Parliament’s efforts with reform and further work on their behalf…this is some of the work on new laws that are being worked on…this is good…positive, proactive stuff.
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Adam Montana - You might not believe this at first, and you probably need to sit down before you read this next sentence…Parliament actually moved a date UP for possibly the first time in recorded history!  Even crazier than that groundbreaking, record setting, earth shattering news is this… THEY ACTUALLY DID IT!  But wait, it gets better!  On the table today or tomorrow is the Budget, which is always a big pain in the neck… but…they are talking about a paltry increase (from 17% to 20%) in funds to Kurdistan. Let me piece that together real quick:

Kurdish OIL profits are currently bypassing Baghdad, which is a pretty forcing move by the KRG.  I’ve been saying for a while now that Baghdad is going to have to start playing nice, and with Maliki out of the throne and a more cooperative Abadi at the helm… it’s looking more and more like Iraq is going to become significantly more unified, and we have front row seats.  The next obvious step after the budget is the HCL, and of course – no question in my mind AT ALL – once the HCL is done, we WILL see the dinar going UP!  The bottom line right now is this – We’re seeing a lot of major changes in Iraq.  Abadi has a lot of work to do to clean up all of Maliki’s mess, but when the Iraqi Parliament acts faster than expected… things are heating up, and in a GOOD way!

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Abadi meets with Obama, king of Jordan and the foreign ministers of the Gulf states, discusses Iraq’s support

BAGHDAD / NINA / Prime Minister Dr Haider Abadi attended a meeting in New York included President Barack Obama and Jordan’s King Abdullah Bin Al Hussein and the foreign ministers of the Gulf state and discussed supporting Iraq and the emphasis on its sovereignty and territorial integrity and to stand with it in his war against terrorist (IS) and other terrorist groups…

Read More: http://dinarupdates.com/blog/

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Millionday - [First vote on amendments to this investment law of 2006 is on the agenda tomorrow (Wednesday) in parliament.]  IT IS REPORTED TO BE IN A BASKET THAT INCLUDES ALL CHANGES FOR INVESTMENT AND ALL LAWS TO MOVE FORWARD IN THE MARKET  [if it passes, does this mean we could RV later this week?]  THESE LAWS ARE FOR THE INVESTORS WHICH WILL REQUIRE A REALITY RATE DUE TO THE GLOBAL MARKET.  WE DONT HAVE A TIME OR DATE BUT THEY ARE WORKING TOWARD THE ECONOMIC REFORM IN ALL REPORTS WE HAVE SEEN LATELY AND THAT INVOLVES THE DINAR TO BE SET FOR TRADE.  THURSDAY IS TO BE MINISTERS BY WHAT I HAVE SEEN.  BUDGET TO VOTE IN A COUPLE DAYS, AS IN TWO, ACCORDING TO REPORTS…ADJUSTMENTS HAVE BEEN DONE AND NOW THEY ARE PREPARED TO SEND IT FOR VOTE.  THEY HAVE UNTIL SATURDAY TO VOTE IT THROUGH TO HAVE IT DONE AND IN LAW.  THEY ARE WORKING FASTER THAN WE HAVE EVER SEEN.
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Tman23 - Can not confirm but signs are there were a huge number of laws being voted on last night (today)……. And then this article;…… a proper House emphasized Al-jubouri, said Wednesday, taking the Central Bank’s role in maintaining the stability of the currency and the money laundering process.

The Council said in a statement received (treasures media) on “the House of Salim al-Jabouri met on Wednesday, Central Bank Governor Mohsen relations during the meeting heard a detailed explanation from the Bank’s current and future plans as well as problems and obstacles to the work of the World Bank, adding that the package of legislation that will improve the financial and economic policy of the country.”

He said al-Jabouri emphasized that the Central Bank takes its role in maintaining the stability of the currency and the money laundering process. a proper House emphasized Al-jubouri, said Wednesday, taking the Central Bank’s role in maintaining the stability of the currency and the money…

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Millionday - THE EID FEAST AND HOLIDAY IS OCT 5TH THROUGH THE 7TH.  [Is the story then untrue the parliament is not voting till after religious holiday?]   PARLIAMENT WAS REPORTED TO NOT BE WORKING — IT IS UNTRUE — WE WOULD HOPE THAT THEY ARE VOTING FOR THE MINISTERS…
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Parliament decides to hold its meeting tomorrow instead of Thursday

Alsumaria News / Baghdad - A parliamentary source revealed Tuesday, the date for submission of the parliamentary session scheduled for next Thursday to tomorrow, Wednesday, attributing the cause to the decision that it would disrupt the official working hours of the day next Thursday…

Read More: http://dinarupdates.com/blog/
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Kaperoni - As long as they continue with daily currency auctions it is unlikely their is a reduction of notes at this time (especially since they reprinting replacement notes).  Remember, the auctions job is first and foremost to stabilize the exchange rate which is accomplished by creating a “balance” of dinar to dollar in the marketplace.  Removing dinar from circulation would cause a demand on dinar and effect the exchange rate.   IMO, a reduction of notes will come as a result of the process once they begin…which is months off at best since laws are not in place to support the economy/banking sector.
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pinocchio smileyBluwolf - There is a lot of issues transpiring, some very negative some very overwhelming in the positive.  Banks and Forex personnel have gone in silent mode now, many providers have chosen to do the same. Expect UN presence to disclose a magnificent opportunity for an announcement or signal.  Legacies are back on the tables, truth are now shadowing what is expected, everything is to happen in a moments notice.  News reports coming in from certain places is to deceive while all gets revealed.
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Millionday - [...did the budget and the HCL get approved...?]  THE BUDGET DID NOT AND IS ON AGENDA FOR THURSDAY AFTER THE READING HAS TAKEN PLACE FIRST READING I BELIEVE HAS BEEN DONE — THE HCL HAS BEEN APPROVED AND IS ON SHELF FOR THE ACTUAL USE…THE AMENDMENTS WERE AGREED ON WITH THE KURDS SO THAT WILL BE ADDED.  [Do you feel the budget might bring the reality rate...?]   THEY HAVE STATED THAT THE BUDGET WILL BE FOR THE LAST THREE MONTHS AND HAVE STATED IN MANY REPORTS THAT IT WILL BE AT THE NEW PAY FOR DISBURSEMENT FOR ALL CITIZENS – THIS INCLUDES OUTSIDE OF THE COUNTRY SO IT WOULD SEEM AS THOUGH IT WOULD HAVE TO BE AT AN EXCHANGEABLE RATE.  [Could it be in usd?]  NO CBI HAS PUT IN PLACE THAT IRAQ HAS TO USE THE NATIONAL CURRENCY — THE DINAR — THIS WAS MONTHS AGO SO IT WILL BE IN DINAR.
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Kaperoni - Article:   “Agreement on Ameri to fill the interior“  Goes to show how decisions in Iraq can change daily like the wind blowing.  Yesterday they stated they would not vote on the two security ministers until after the EID holiday, yet today they say they have made decisions on these positions and will vote before the holiday (end of the month) I guess we wait and see.
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Iraq’s New Premier Shakes Up Military

Maliki set up the office in 2006

Maliki set up the office in 2006

BAGHDAD, Iraq – Iraq’s new prime minister scrapped a top military office and ordered two senior commanders into retirement, in a major move aimed at restructuring a failed army that is having to fight the Islamic State (IS) forces…

…Haidar al-Abadi discarded the office of the Adjutant General of the Armed Forces, set up by his predecessor Nouri al-Maliki, who was accused of trying to concentrate power in his own hands.

The premier “canceled” the position, which was inside the prime minister’s own office, said a statement posted on the Iraqi defense ministry’s website on Tuesday…

Read More: http://dinarupdates.com/blog/
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pinocchio-smileyLONG copyEXOGEN - DO YOU REALLY THINK THE UNITED NATIONS SECURITY COUNCIL WOULD ALLOW GLOBAL STRIKES TO BE COORDINATED OUT OF IRAQ IF THERE WAS NO DEFENSE MINISTER, NO INTERIOR MINISTER, NO COMPLETED GOI, AND THE COUNTRY STILL HAS A CURRENCY VALUED AT 1/8 OF A PENNY TO NOW PAY THE NEW GLOBAL WAR BILLS AND DEBTS?
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Poppy3 - [Is the story then untrue the parliament is not voting till after religious holiday?]   THEY HAVE BEEN VOTING ON THEIR HOLY DAYS FOR TWO MONTHS I DOUBT THEY HOLD UP NOW.
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Millionday - [...is the removal of the 3 zeros and the old pre-war exchange rate the only things that is pushing the thought that the reality rate maybe one to one or more? Is there any other fact that’s pushing this high exchange rate number?]   THERE ARE MANY THINGS THAT ARE BEING CONSIDERED WITH THE RATE – YEARS AGO SALEH ANNOUNCED THAT IT WOULD BE AROUND WHAT IT WAS IN THE 9O`S WHICH WAS AROUND THE 3`S AND ALSO MANY FEEL AS THOUGH DUE TO THE REGION AND THE STATEMENT THAT IRAQ WOULD BE THE HIGHEST IN THE REGION THAT IT WOULD COME OUT AROUND WHAT KUWAIT IS – WITHOUT THE CALCULATION WE DONT KNOW – THEY HAVE TRIED TO EXPLAIN TO THE CITIZENS THAT IT WOULD BE LIKE USING THE DOLLAR AND SOME HAVE TAKEN THAT AS MEANING THE ONE TO ONE BUT NO RATE HAS BEEN RELEASED — SO NO FACTS ARE INVOLVED.
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tman23 - The CBI is closed 10/4 to 10/7…Parliament will be also!!!  It is a NATIONAL HOLIDAY. CBI website confirms closed 4-7 [October 4th to 7th].
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Kaperoni - Article:  “Determined by the value of the dinar monetary policy“   Saleh is describing the definition of the Balassa-Samuelson effect.  Quote:  “Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.”  In other words, the appreciation of the dinar is directly related to the growth (increased productivity) of the economy.  Which is what Saleh is stating in this article above.   …we will see the dinar rise as they open the market economy.  That is a fact…it simply has to because raising the value of the dinar is a monetary tool for the CBI to control inflation which will occur as a result of massive investment.  Once they are ready, and open the Capital Account, move to Article VIII and a new Exchange Regime, the CBI’s task will then become one that monitors capital and investment into Iraq.  As that occurs, the dinar will rise in value to offset the inflation it creates.  The bottom line, is we have to wait for the new GOI to get to that point..and it will still take time..we are talking laws, stability, security so the market economy is a success.

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Shredd - Article:  “Claims to reconsider the law of economic reform“  Quote:  “[economic reform] is a good idea and much needed, especially at this stage that requires the transformation of the economy totalitarian central to a market economy.”   Yes, a great article to start off a Monday with!  I know we’ve said it many times before, but a market economy means Iraq will have a Dinar that is representative of it’s true value.
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Kaperoni - Article quote: ”After the agreement of the Presidency of the Parliament during a meeting with heads of blocs and members of the parliamentary committees on the continuation of the meetings of the Council until the 30th of September, the current, most likely politicians to postpone the vote on the candidates for the ministries of interior and defense until after the Eid al-Adha...”   So they will not name the defense or Interior until after the holiday which ends October 13th.  So at least the middle of October before they seat these ministers.
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home7

Iraqi Dinar/Dollar auction 09-23-14

Currency Auctions Announcement No. (2778)

This daily currency auction was held in the Central Bank of Iraq on the 23-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                217,007,000
Total offers for buying (US$)                            217,007,000

Read More: http://dinarupdates.com/blog/

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Frank26 - I believe you are right when you said that Iraq has the last two ministers chosen. An article today said that they will vote on them after the Eid holiday which I believe ends October 14th. You also said in one of your posts that they will not announce them because then they will have to show the rate they have been using. With that logic, it appears that we will not see the IR until after October 14th at the earliest, no?]   In a religious land as Iraq is one always has to consider their respect for such holidays.  We honestly can not gauge Eid by the last years because nothing happened.  IMO, Based on traffic, Noise, Communications within the masques they will be cautious on how much they talk about finances during Eid.  Are they waiting for the IR…I Believe they are waiting for Eid to end.  IMO, Iraq GOI/CBI is privately… Secretly… Selectively… Carefully talking to Iraqi Citizens.  IMO, They are getting help to do this important thing.

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Kaperoni - Article quote:  “House of Representatives decided to continue its activities until the end of this month to resume work on the fourteenth of October next, after the end of the holiday.”   So parliament will continue to work and have sessions through the end of Sept and will take a vacation/break from Oct 1- Oct 13th for a holiday (resuming on the 14th).

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Poppy3 - I STILL DON’T THINK THEY WILL CHANGE THE RATE TILL THE BASKET OF FINANCIAL LAWS ARE PASSED SO THEY CAN COMPLETE THE WTO PROCESS OF ACCEPTANCE.  THAT BASKET IS IN PARLIAMENT AND READY FOR VOTE FROM ALL INFORMATION IN INK . UNKNOWN WHY THEY HAVE NOT BEEN VOTED ON YET BUTTHEY ARE EXPECTED AT ANYTIME EVERY MEETING.  
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home7

Iraqi Dinar/Dollar auction 09-22-14

Currency Auctions Announcement No. (2777)

This daily currency auction was held in the Central Bank of Iraq on the 22-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 18
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                186,236,000
Total offers for buying (US$)                            186,236,000

Read More: http://dinarupdates.com/blog/

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Arthur - Over the past 4 years I have been…called negative for insisting on the equation GOI + HCL = RV.  Now I see my old RV equation has finally resurfaced in dinarland which I knew it would right before the RV.  Despite the difficulty of seating the final ministries, the international community has already acknowledged that they are satisfied with the new inclusive government (GOI) the new Prime Minister has engineered so far.  And as of today we now see this development: Article: “A member of the Oil and Energy National Alliance MP Awad al-Awadi, “Prime Minister Haider al-Abadi Kurds will engage with SOMO Iraq, the Kurds and give the green light to export.”

Abadi has announced he is now in the process of taking  “tough decisions for the sake of resolving the problems, including an agreement on oil, and that would be in the interest of the Iraqi people as a whole, including the sons of the Kurdish people.”  PM  Abadi also said today in a statement that “Parliament has full knowledge about the causes of the strengths and weaknesses of the draft law of oil and gas (HCL), AND THIS HELPED HIM TO APPROVE THE LAW.“  Abadi himself has stated on many occasions they are aiming for the budget to be open and implemented along with all payments to the Kurds in the coming days which would coincide with the culmination of the equation: GOI + HCL = RV.
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EXOGEN - 
High Alert.
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Poppy3 - I THINK THEY ARE VIEWED AS STABLE BY THE UN ALREADY.   BAN KI MOON HAS BEEN REFERRING TO THEM AS A STABLE GOVERNMENT FOR ABOUT A MONTH NOW.  I DON’T THINK AT ALL THAT ISIS SITUATION HAS ANY BEARING ON THE RV OR ACTIONS OF FINANCIAL REFORM FROM THE CBI. THEY ARE TOTALLY INDEPENDENT.  MANY PEOPLE HAVE TRIED TO SAY ALL THESE OTHER COUNTRIES, AGENCIES,  ETC. HAVE EFFECT ON THE IRAQ RATE CHANGE BUT IN ACTUALITY THEY CAN ONLY SUGGEST TO THE CBI IRAQ IS IN CONTROL OF IRAQ AND THEIR CURRENCY AND THEY CAN AND DO CONTROL THEIR DESTINY AND THE RATE THEY WILL SET.  EVEN THE IMF CAN ONLY LEGALLY SUGGEST A RATE FINAL DECISION BELONGS TO IRAQ.  THE U N WILL ACCEPT THEIR DECISION IMMEDIATELY IF THEY CHOOSE TO SET A RATE.
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Parliamentary committee to raise the alarm: State Fund in three billion Dollars

He said members of the parliamentary finance committee that the government admitted to them that the fund, which kept the oil revenue is not where currently only three billion dollars, while the Council of Ministers says he has a six billion dollars last month.

Usually found in the Development Fund for Iraq “EDF Aye” about 10 billion dollars to ensure salary payments and government expenditures, and critics say the government’s policies that it took advantage of the absence of law for the budget and involved spending more than the normal limit, amid ambiguity about the expenses of war and emergency conditions, and warnings of bankruptcy Fund returns and the state’s inability to meet financial obligations…

Read More: http://dinarupdates.com/blog/
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Kaperoni - Article quote:  ”the times ahead may provide a base for building a new economy by changing the currency and delete the zeros of some of them.“   The current CBI actions are to replace the existing denominations. That is completely consistent with what this article is saying. When the dinar will rise will be when they are ready to open the market economy. As we have said, laws, a new GOI, stability will be the prelude. How fast they accomplish this is yet to be seen. I am still optimistic that it can be achieved within 3-6 months.
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Tman23 - Baghdad – the Parliament decided to continue to hold meetings to Thursday (9/25) and to resume after Eid al-Adha holiday, Wednesday 10/8 which will be about two weeks…THIS GIVES THEM 4 DAYS TO VOTE AND PASS PENDING LEGISLATION.
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Millionday - VOTING ON BUDGET…READY TO GO AND ECONOMIC LAWS FOR THE ECONOMIC REFORM – CBI IS IN THE MIDDLE OF DOING SOMETHING…THEY ARE DISCUSSING IF IT IS THE RIGHT TIME FOR CBI TO REMOVE THE THREE ZEROS OR NOT AND THE VOTE ON THE LAST OF MINISTERS IS TO BE MONDAY.  KURDS AND IRAQ GETTING ALONG AND AGREEING — IRAQ HAS AGREED TO PAY FOR STAFF OF KURDS AND FOR THEIR FORCES AND THE DISPLACED AND ALSO ABADI AND BARZANI MET AND RESOLVED ALL ISSUES ON ARTICLE 140 AND PAYMENTS AND ALL OIL ISSUES AS FAR AS SALES AND FUNDS.
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Poppy3 - FROM EVERYTHING I HAVE HEARD FROM GREAT SOURCES AND MANY OTHER FRIENDS SOURCES ITS A CONSENSUS THAT THE RV IS CLOSE TO HAPPENING AND THE PUSH HAS NOT STOPPED TO COMPLETE THEIR RESPONSIBILITIES TILL WE SEE THE FINAL NEEDS FINISHED.
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EXOGEN - 
HCL + GOI = RV.  REMEMBER IT WILL BE MONDAY IN IRAQ IN A FEW HOURS.
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Kaperoni - Articles:  “Parliamentary Energy: Snmrr law of oil and gas during the first legislative term of the parliament”   “Interim Financial: Strdna data this week will be put to the budget first reading“  “Urgent .. presidency of the parliament meets heads of blocs to determine the heads of parliamentary committees“  they are moving forward.
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Update: There are still some bugs being worked out by our Chat provider.

If you were able to get in after Sept. 19th – it is unlikely there is anything further you have to do. 

For those DinarUpdates.com members having issues getting back into chat after the system update on 9/19/14.

Our member Tbob found the issue…it deals mostly with DNS propaganda.

Tablet-Phone users:

If you were able to get into chat prior to update the simplest thing to do is flush your DNS by switching your device into Airplane Mode waiting 10 seconds and then turning it back off. This should flush the DNS. If you still are having issues, power down or reset the device. It is not likely, but you may also have to update your operating system if it is not up to date ( we have not as yet run into this issue )

Windows users:

There are two most likely problems that a re preventing logging into chat. The simplest and first issue is to flush your DNS. This is done in Windows 7 and earlier clicking start and typing CMD, this will open a command prompt. You will see a line of code that will start c:\\ and give other folders type ipconfig /flushdns (make sure there is a space between The letter g and /). At this point after you are able to type again type exit. This will kill the command prompt.

(Would not hurt to shut all programs down and reboot at this stage)

You should, at this time, try logging on to chat.

Please take the time to let your computer finish the process before trying to go to the next step, so as not to cause problems that are very difficult to fix. (additional thanks to joekid)

If these steps helped you, let Tbob know by typing “Thx tbob” in Chat

Thank You
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Tman23 - From Cornell Law on the study of exchange rates/WTO…Currency Exchange Rates and International Trade Although complex to assess, there exist a clear linkage between currency exchange rates and international trade. Strong currency stimulus in one country has the potential of enhancing export opportunities for trading partners, because it increases private purchasing power and consumption of domestic consumers while making national exports more expensive. Conversely, a weak national exchange rate acts so as to encourage a country’s exports while discouraging the inflow of imports. [...in "laymens" terms...?]

BGG - It means Iraq is in not-such a good position and the rest of the world (aka – trading partners) would like to see them increase their currency value.
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Aggiedad77 - 
I believe…that Abadi is about to acquiesce to the Kurds in a way that will unfold the HCL to their benefit and to the benefit of all Iraqi’s…he will be seen and known as the great reconciler for Iraq very soon…he is working hard to bring Iraq into the INTERNATIONAL light…it grows brighter with each day.   Soon…Soon…Soon.
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Frank26 - IMO, The best pie is in the CBI.  In the GOI’s Budget.   386 plus 10%.  WHAT am I looking for?  A seated GOI? Nope.  Got one.  A Budget? Nope.  Got one.  A couple of missing Ministers? Nope.  Got’em.  A control of ISIS/DASH?  Nope.  Got’em.   THEN WHAT…?   LAWS.  THE DADDY OF ALL LAWS FOR THE CITIZENS OF IRAQ!!!  HCL (Hydro-Carbon Law). THE DAY You see the HCL… Nano seconds afterwards You WILL SEE THE IR  (International Rate)!!!   Much is going on with Their Oil right now.

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Anbar Council has announced that a National Guard force of around 10,000 men will be trained to combat #ISIS.

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tlm724 - Article:  “Abadi: I will take tough decisions to resolve the dispute with the oil province and the latter demands a similar step“   so they all met and we hope that be a good omen for the understanding on many issues and resolve problems between the federal government and the province…including the agreement on oil...Abadi and the kurds know this has to be a compromise and yes it will be tough  but this olive branch to the kurds will do wonders for Iraq and its people!

I am very excited about this…true power sharing of legislation and their is a very strong desire to get these critical laws done…Yes security is and always has been a huge concern but while that is being worked on it is so amazing to see the GOI forming before our eyes and paving the road towards unity and a better life for the people of Iraq and for us as well because with the passing of this legislation comes the stability the CBI seeks!
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BGG - [Do you think we will need a new CBI governor? Instead of the Maliki henchman?]   I think the guy maliki “named” has little or no power. In fact, Abadi will handle that soon…IMHO – Abadi will seat a long term replacement…possibly even Shabibi.
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Kaperoni - Article:  “Expert propose to the government a plan for the development of the banking sector and to reconsider the institutional building of the economy“   There is nobody to blame but Maliki for slowing down the economic progress in Iraq.  These articles imply the time under Maliki was a total waste. 
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home7

Iraqi Dinar/Dollar auction 09-21-14

Currency Auctions Announcement No. (2776)

This daily currency auction was held in the Central Bank of Iraq on the 21-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                200,545,000
Total offers for buying (US$)                            200,545,000

Read More: http://dinarupdates.com/blog/

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BGG - [shabibi had refused several attempts of Al-Maliki in the past years to intervene in the work of the Central Bank and withdrawing funds from the Reserve Bank, prompting Al-Maliki to frame-up against him and force him to leave the country, with the current oil Minister Adel Abdul Mahdi decisions right the unjust and called Al-Shabibi honoring Al-Shabibi.]  the news about both Abadi and Mahdi standing by Shabibi is magnificent.  [is he gonna come back?]  there seems to be that push (real news sources).
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Frank26 - There is a NEW GOI…A NEW CBI GOVERNOR…A NEW BUDGET…A NEW ATTITUDE…A RENEWED COALITION TO FIGHT…For a NEW RATE.  To stay at Program Rate will only create a condition of self phagocytosis… They would devour the goals of their budget.  If they showed You Ministers they have to show You GOI’s Budget which means they would have to show You the new rate they use.
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Poppy3 - I AM EXPECTING RV AT ANYTIME ONCE THE INTERNATIONAL BANKING LAWS ARE VOTED IN AND IMPLEMENTED AND THEY MEET TODAY SO IT IS POSSIBLE TO SEE MORE POSITIVE MOVEMENT ANYTIME.

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Jubouri is expected to vote on the security ministers in less than a week

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Alsumaria News / Baghdad - Predicted House Speaker Salim al-Jubouri, on Friday, to be voted on the security minister in less than a week, and is regarded as what happened in the meeting last Tuesday, “has found a new custom”, he stressed that the coming period will witness the departure of the era of consensus in passing laws…

Read More: http://dinarupdates.com/blog/

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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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