THE DINAR OBSERVER DAILY Dec 18th

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*** Current Posts ***

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BGG ~ A lot of folks have been asking for a Conference Call – as soon as I am back home (this weekend) I will do a call. Mrs BGG and I have been out helping family cope with a tragic loss.

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WMAWhite - 
 …just a reminder that ALL prohibitions against Iraq and the assets of the Central Bank of Iraq were terminating on May 17, 2014.   Here is some of the text:   QUOTE:  “The President signed an Executive Order (E.O.), “Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended,” terminating the prohibitions contained in Executive Order 13303 of May 22, 2003”  Terminating the Prohibitions, meaning that all financial prohibitions that have prohibited Iraq from conducting their own financial transactions have been lifted. Iraqi is now free to re-enter the world markets. Banks worldwide are now able to conduct financial instrument transactions, transfer companies may now be approved to work directly with the CBI, Article IV and Article VIII of The Article of Agreements should now be completed or soon will be.  …the important part of this announcement was that it was published via the Office of Foreign Asset Control… (OFAC)…these are the folks that tell our financial institutions who they can do business with.
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Mailman17 - IRAQ HAS BEEN PEGGED FOR THIS RV FOR A LONG TIME.  ALBEIT IRAQ HAD A HELL OF A CLEANUP TO DO AS IN CORRUPTION AND MONETARY AND ECONOMIC STABILITY, BUT THEY ARE DONE. THE PTB HAS HAD THIS PLANNED AND IT WILL GO FORWARD, AND NO LITTLE 2% STIPULATION IS GONNA STOP IT. THE IMF HAS IN PRINT SIGNED OFF ON IRAQ. IRAQ HAS MADE THE LAST HURDLE TO TRUE SOVEREIGNTY AND THEY SHOULD TAKE THE STAGE TO THE WORLD JAN 1.   PEOPLE SHOULD FOCUS ON MORE THAN 1 ARTICLE AND LOOK AT THE WHOLE PICTURE.  LOOK AT ALL THE PIECES TO THIS PUZZLE.  IMO…WE ARE DONE…THEY WILL DEAL WITH MALIKI AND THE OTHERS DOWN THE ROAD BUT THEY ARE NOT THE PRIORITY RIGHT NOW.
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Millionday - THE MEETING WITH THE UN ON THE KUWAIT MONIES WILL BE DONE TOMORROW [THURSDAY].  THE BUDGET WILL GO TO PARLIAMENT ON THURSDAY… AND WE HAVE THE CALL FOR ALL REFORMS TO BE ACTIVATED.   WE WILL SEE WHAT COMES FROM THE MANY MOVES WE SEE COMING DOWN THE PIPE WITH THE STOCK MARKET AS WELL.
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Council of Ministers today held a special meeting to discuss the 2015 budget

Federal Council of Ministers held on Thursday, an extraordinary session to discuss the draft budget for fiscal 2015 Act…

…And between Abdullah that ‘in case the vote on the budget today, it will be sent to the House of Representatives for the purpose of approval’, adding that ‘the federal government is working on approving the budget as soon as possible, and will send it through this month.’…

Read More: http://dinarupdates.com/blog/
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tman23 - The Qi card holders are being told that they will be able to use them in ATM’s outside Iraq “soon”…I am following activities but news is all vanilla…IMO we are in the moment of any day now!!  IMO I will be red hot ready between the 27th and 1st if it doesn’t show itself sooner…I am expecting that if Iraq is to go international that they will initiate the change the last week of December…And before New Years opening markets.
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Adam Montana - [With the price of oil crashing at this time, how is this going to effect any RV that most are expecting over the next few months?]   The price of oil has dropped dramatically, and it will definitely affect the potential rate for IraqIn the past I had entertained the possibility of an RV higher than my .10 analysis, but at this time… I don’t think that’s possible. With oil prices so low, at .10 they can come out swinging strong, but at $1 they would be teetering precariously… and that’s not what the CBI will do.  Now, this might seem wrong to people at first glance… so read this next bit with an open mind.  The GOOD thing is that oil won’t stay low forever. Gas prices will rise. YES, that’s a good thing. And when that starts happening, Iraq’s profits will rise, and the value of the IQD will follow suit.  You see where I’m going with this?
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Millionday - THE MEETING WITH THE UN ON THE KUWAIT MONIES WILL BE DONE TOMORROW [THURSDAY].  THE BUDGET WILL GO TO PARLIAMENT ON THURSDAY… AND WE HAVE THE CALL FOR ALL REFORMS TO BE ACTIVATED.   WE WILL SEE WHAT COMES FROM THE MANY MOVES WE SEE COMING DOWN THE PIPE WITH THE STOCK MARKET AS WELL.

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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars…

Read More: http://dinarupdates.com/blog/
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sczin11 - Article quote:  “The concerned authorities have begun to take the process to grant the visa, “Visa” electronic investors and foreign businessmen in order to facilitate their entry into the country, the process, and an end to the obstacles that encounter in which the subject of the complaint as long as it has steps.“   This may very well be the best news we have seen today, and maybe ALL WEEK! Yes!!! Issuing VISAS TO INVESTORS, ELECTRONIC VISAS.
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Adam Montana - [With the price of oil crashing at this time, how is this going to effect any RV that most are expecting over the next few months?]   The price of oil has dropped dramatically, and it will definitely affect the potential rate for IraqIn the past I had entertained the possibility of an RV higher than my .10 analysis, but at this time… I don’t think that’s possible. With oil prices so low, at .10 they can come out swinging strong, but at $1 they would be teetering precariously… and that’s not what the CBI will do.  Now, this might seem wrong to people at first glance… so read this next bit with an open mind.  The GOOD thing is that oil won’t stay low forever. Gas prices will rise. YES, that’s a good thing. And when that starts happening, Iraq’s profits will rise, and the value of the IQD will follow suit.  You see where I’m going with this?
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Mailman17 - FIRST OFF…THE CBI HAS NEVER DONE ANYTHING LIKE WHAT WE ARE SEEING DONE WITH IRAQ. IMO…THE 2% RULE IS ONLY A GUIDELINE AND NOTHING MORE.  IRAQ HAS ALREADY PROVED FOR YEARS THEY CAN MAINTAIN A STABLE RATE WHILE KEEPING INFLATION IN CHECK. AND THAT IS THE ONLY THING THE IMF WAS WORRIED ABOUT. THIS KIND OF RV AND WEALTH TRANSFERENCE HAS NEVER HAPPENED IN HISTORY, SO THE 2% RULES MEANS NOTHING IMO.

IF IRAQ HAS BEEN PEGGED TO GO ON THE 1ST OF JAN…THEN THEY WILL…PERIOD. AND THAT IS EXACTLY WHAT THE INK IS TELLING US. IF ANYONE CAN SHOW ME AN RV THAT HAS HAPPENED OF THIS MAGNITUDE…THEN SHOW IT, DONT BOTHER LOOKING…ITS NEVER HAPPENED EVER. WITH THE FILS IN PLACE AND SMALLS RIGHT BESIDE THEM I ALSO EXPECT A FIXED RATE UNTIL STABILITY THEN THEY CAN FLOAT IT ON THE MARKET. AND FROM WHAT I SEE…A  1 – 1 HAS BEEN THEIR GOAL FROM DAY 1 AND ALWAYS HAS BEEN. 

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THIS REPORT WAS SENT TO CONGRESS LAST MAY (of 2013 – I think??). IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.


BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…


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

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sczin11 - If too much information were given out before the D DAY EVENT, it would be like insider trading… one has to presume, by the time Ink hits, more has happened beyond what appears on the surface… just like by the time pres obama announces we are sending troops in, they are already there…
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Enorrste - The difference between “may” and “must” have to do with two different things.  The CBI “must” get the street rate within 2% of the official rate.  Once that is done, however, the street rate “may” fluctuate +/- 1% as long as it stays within 2% of the official rate.  Remember, no one wants a “dirty exit” from the current exchange rate regime to a float, nor from Article XIV to Article VIII. These are both “one way streets” and the IMF is insistent that  proper preparations be made PRIOR to acting.   The simple fact is that the IMF has done this many many times and they know what is necessary for a successful transition.   …KAP [Guru Kaperoni]  found a specific statement that says that the CBI MUST do some certain things before they will be ALLOWED to make the transition. This means that, behind the scenes, even though Iraq is sovereign, the IMF is really running the show.  They will guarantee success, and for that we should be patient and grateful!

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tman23 - Few INTERESTING FACTS……. The top 2 in order for the Kurds to participate in the GOI were #1 The Federal Court Act…..#2 The HCL Agreement…… The Kurds demands had to be made good on by the end of December……. Another interesting fact is Barzani was made a permenant member of DAVOS (economic forum)…..One of Barzani’s open words in media and to Baghdad …… “The Kurdistan region will not deal in the 3 zeros”……AND the ESX will not open and be dealing in the 3 zeros…….  Yesterday an agreement was signed between Gorran and PUK on governing the city of Sulaimani…. The city has not had any operating “ports” for Qi card withdrawls and banks were held back on cash transfers…… The agreement opens the door now that the agreement is complete…… And note: all before the END of DECEMBER…

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

Commercial Solicitation

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MyLadiesn - HERE WE ARE ON THE DOORSTEP OF 2015 AND ALL THAT IS HAPPENING.  FOR STARTERS WE HAVE SEEN THAT HCL IS TO BE IMPLEMENTED FOR JAN1,  AND NOW WE SEE [AN] ARTICLE TALKING ABOUT ECONOMIC REFORMS AND THE GOVERNMENT PROGRAM AND IRAQ TALKING ABOUT IT AS THE MOST SIGNIFICANT ECONOMIC EVENT IN MODERN HISTORY SINCE 2003.  THOSE ARE VERY POWERFUL WORDS. THEY GO ON TO SAY THIS EVENT WILL BE COVERED BY ALL ACTIVITIES UNDERTAKEN BY THE PRIVATE SECTOR.  WONDERFUL NEWS AND POSSIBLY A TIME LINE WE CAN FOLLOW.  THE NEVER ENDING BUDGET SAGA MIGHT ACTUALLY END IN COMING DAYS. THERE IS SUPPOSED TO BE AN EXTRAORDINARY MEETING OF THE COUNCIL OF MINISTERS TOMORROW TO VOTE ON THE BUDGET AND THEN SEND IT TO PARLIAMENT, SO LET’S SEE WHAT HAPPENS WITH THAT

WE GO ON TO LOOK AT ALL THE ACCOMPLISHMENTS IRAQ HAS MADE IN JUST 100 DAYS. ABADI HAS BEEN STICKING TO THE GOVERNMENT PROGRAM THEY DREW UP IN AUGUST AND IRAQ IS REALLY SHAPING UP AS A COUNTRY AS THEY ARE ACHIEVING GREAT SUCCESS PROVIDING A STABLE SECURE IRAQ.  WE FEEL THAT WE ARE FINALLY NOW IN THE BEST POSSIBLE POSITION TO SEE A RATE CHANGE.  …WITH ALL OF THINGS THEY HAVE ACCOMPLISHED THEY CAN NOT GO MUCH FURTHER WITH OUT AN INTERNATIONAL STAGE… I THINK WE CAN SEE THE RATE CHANGE ON THE NEAR HORIZON. THINGS ARE REALLY HEATING UP AND WE HAVE JUST 2 WEEKS UNTIL WE HIT THE FIRST OF THE YEAR.
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Tlar - Article quote:   “Yasser incumbent few days and folded the public pages of “2014″ to remember later that the government program was the most significant economic event in Iraq’s modern history“     …this is something to watch.  My belief is that they are going to do it closer to the end of the month but who knows.  They are ready, able and it just could be that they are willing to do it now… a few days is better than in the next phase, or soon, or some other foolish lead.  The next few days to me means they will make an announcement of some kind that they themselves say is historic, sometime this week ending in Sunday the 21st. 
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Poppy3 - GLORY!!! GLORY!!! GLORY!!! RATE IS COMING!!! SANTA – RATE IS COMING TO TOWN...REMEMBER EVERYONE BACK IN 2003 OIL PRICES WERE IN THE $60.00 DOLLAR RANGE SO NO WORRIES ABOUT THE RATE DROP EFFECTING THE INTRO MARKET RATE.
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Millionday - THIS NEWS IS AMAZING...  Article quote:  “Yasser incumbent few days and folded the public pages of “2014″ to remember later that the government program was the most significant economic event in Iraq’s modern history, being the first program after the year “2003″ which meant economic affairs in a manner covering all aspects of the weaknesses and the way to address them and select the path of development true in the future.“  THEY ARE SAYING THAT WHAT IS HAPPENING IN A FEW DAYS WILL GO DOWN IN HISTORY AS THE FIRST ECONOMIC EVENT DESERVING SINCE 2003.   THIS WILL ALL BE ON THEIR NEWS AND THEY ARE TALKING ABOUT THE GOV PROGRAMS AND HOW GREAT THEY ARE ECONOMICALLY. 

THEY ARE STATING THAT THE YEAR OF 2015 WILL BE REFLECTIVE OF THIS GREAT ECONOMIC EVENT AND THE PROGRAM UNITES ALL THE ECONOMIC VISIONS.   THE PRICE OF OIL WILL NOT STOP THE EVENT AND THEY ARE MOVING FORWARD.  SO THEY HOPE THE PRIVATE SECTOR WILL SUCCEED AND ARE MOVING TO A MARKET ECONOMY…  [Does this mean not till 2015?]  NO THIS DID NOT GIVE A DATE BUT SAID WITHIN A FEW DAYS.  [Have they ever said "a few days" ever?]  …NO THEY HAVE NEVER SAID THAT.

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Kaperoni - Until the CBI can show that they can comply with Article VIII (and hold it for 90 days), how in the heck will they ever be able  to avail themselves from Article XIV to Article VIII? This is not an economic opinion or view that falls under some “disclaimer,”  it’s an IMF rule…Simple as that!   I am also sure that the IMF’s rule/requirement is posted in numerous places throughout the IMF website when referencing Article VIII compliance ...what is imperative is that the CBI must be in 2% compliance. The Article IV Consultation is very specific and explicit when it talks to the CBI about this issue.   As a result of the CBI not being able to get in compliance until Nov, they will not be able to request to exit XIV until at least Feb 28 or so. I am not saying they will request then, just that they cannot ask until then.  On a side note…was said on TV Monday in regard to the dinar…that nothing will be done until next year.  Which supports this information.
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Backdoc - Article:   “Ebadi calls to speed up passage of the budget next year“   WITH AN UNKNOWN BOTTOM IN OIL, THE PARLIAMENT WILL BE MOTIVATED TO PASS THE BUDGET AND OPEN THE MARKET ECONOMY TO DIVERSIFY REVENUES QUICKLY!
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home7

Iraqi Dinar/Dollar auction 12-18-14

Currency Auctions Announcement No. (2846)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                11
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               89,117,000
Total offers for buying (US$)                           89,117,000

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

MARKET RATE – 1197!!!

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sczin11 - …no budget today, emergency meeting by COM, on thursday, but, they did approve a few laws to go to GOI.    …pre 2003, oil at below $40, USD EXCHANGE AROUND 87 Cents, MORE OIL NOW, MORE BEING PURCHASED BY WORLD NOW, MORE TOURISM, SO WHATS THE PROBLEM HERE, WE ASK? IS THERE A PROBLEM, INHO, NOT! RIGHT ON SCHEDULE AS PER THEIR PLAN!  …looks like BY JAN 1, is what they are gearing for.
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Backdoc - WE HAVE EVERY REASON TO BELIEVE AN INTERNATIONAL RATE WILL ARRIVE ON TIME TO START THE YEAR OFF RIGHT!  AS THEY STATE, THEY ARE READY TO ACTIVATE THE AREAS OF THEIR ECONOMY!  THEY ARE MORE THAN READY TO GO!!!
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Millionday - THEY ARE TO MEET ON ALL AMENDMENTS OF THE BUDGET ON TUESDAY OR BEFORE DEPENDENT ON HOW FAST THEY HAVE IT COMPLETE FOR DEFICIT CALCULATED CHANGES — REMEMBER THE CALL FOR THE ACTIVATION OF LEGISLATION MEANS IT IS DONE AND ABLE TO BE ACTIVATED — ALL GOOD NEWS.  WE KNOW THAT THE GOVERNMENT PROGRAMS AND THE BUDGET ARE EXPECTED TO BEGIN IN THE BEGINNING OF JANUARY AND THEY INVOLVE MANY INTERNATIONAL CONTRACTS.
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Iraq to Launch Major Offensive in Next 48 Hours: Reports

Iraqi army is planning to launch a major offensive to rid the country’s central Saladin province and the second-largest city of Mosul of Islamic State extremists. Fighters from the Islamic State group. © AP PHOTO/ FILE

MOSCOW, December 16 (Sputnik) — The Iraqi military is planning to launch a major offensive to rid the country’s central Saladin province and the second-largest city of Mosul of Islamic State (IS) and other insurgents, Iran’s Press TV reported Tuesday.

The attack will take place in the next 48 hours, the news outlet stated…

Read More: http://dinarupdates.com/blog/
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Aggiedad77 - Article:  “Finance Committee: 2015 budget to parliament table end of this month”   A member of the Finance Committee is quoted as saying Parliament will get the budget for 2015, “later this month“  …does that mean on Thursday of this week, or one day next week…who knows…but I don’t see the process being drawn out into early 2015 at this point…they just need to get their hands around the price of oil for 2015.
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Adam Montana - [Do the Iraqi's use the dinar for their daily use or do they use the USD ? And if it IS the dinar, is it the same as the dinar that we are holding? And What is the possibility that they might decide to print another dinar at the time of an RV creating our worst fears...a worthless piece of paper?]  They use both USD and IQD. I am not concerned at all about them printing new notes that would render ours “worthless”, simply because they need the world’s support in order to RV. They can’t do it alone… so we will be the lucky ducks riding the coattails of the big dogs.
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Tlar - If at 2% rule for 90 days is all important for Iraq to change the value of their currency, what did the IMF mean when they implied that their work with Iraq is done given they supposedly are only one month into a three month requirement?  Based on…how difficult under the present monetary system it is to hold at 2% for an entire month let alone 90 days, one could almost assume that the IMF statement could mean they have  ”given up” on Iraq based on their history.  We know this isn’t true. Iraq has set a few dates when they thought they might RV only to pull back IMO because of  the Maliki governments pressure.   At the end of last year we know that the finance committee had let it slip that Turki had intended to delete the zeros in January of this year (2014).  I speculated at the time that that leak caused a run on the banks as Iraqi’s tried to get their dinars into a cash position.  Either way, the CBI was not in compliance with the 2% rule.  [part 1 of 2....]

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home7

Iraqi Dinar/Dollar auction 12-17-14

Currency Auctions Announcement No. (2845)

This daily currency auction was held in the Central Bank of Iraq on the 17-Dec-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$)               153,425,000
Total offers for buying (US$)                           153,425,000

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

MARKET RATE – 1197!!!

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Tlar - You could make the argument that the 2% rule itself was the reason they did not RV on the dates they wanted to.  But those who have watched this soap opera might take this view differently as the facts of the Maliki’s involvement with this independent body from trying to muscle it,  trying to raid it, from using the Judicial branch against it, to trying to discredit it, all in an attempt to loot it, was the true root cause of no RV until now. Rules are meant to be bent in cases where the benefits of doing so are greater than the deficits of doing so.  I also firmly believe that this project is late.  When Christine Lagaurd gave her speech in January she suggested 2014 would see monumental improvements to the world economy.  So far that prediction has not come to pass.  Once again, I feel Iraq may be partly to blame having taken much longer to rid itself of the dictator than the international community thought it would and to unwind the mess he had created.  Just my thoughts…   [part 2 of 2]
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Millionday - WHEN THE BUDGET IS DONE AND SENT TO PARLIAMENT THEY PLAN ON HAVING A ECONOMIC REFORM MEETING WITH MANY EXPERTS AND OFFICIALS — HUGE NEWS.  THE PREVIOUS GOV HAD A JOB TO DO AND THAT WAS TO HAVE THIS BUDGET READY MUCH SOONER — THIS IS CAUSING PROBLEMS AND THEY HAVE HAD TO ADJUST ANYWAY — SO THEY WILL BE DISCUSSING THE MANY INVESTORS AND ALSO THE CHANGES PROMISED AS THEY APPLY THEM FOR THE COUNTRY — THIS HAS BEEN PROMISED BY THE END OF THE YEAR…IRAQ IS ON THE VERGE OF AN IMPORTANT AND STRONG ECONOMIC SITUATION.  WE ARE AND THE CITIZENS WILL BE SEEING MANY ANNOUNCEMENTS TO DO WITH THE CHANGE COMING AS IT HAPPENS.
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WILDDUCK - NO MAGIC NO ILLUSION. JUST PROGRESS AND TIMING ON THE WORLD’S BIGGEST EVENT.  THEY CANNOT GO DOWN TO BARNES AND NOBLE AND PICK UP A COPY OF GLOBAL CURRENCY RESET FOR DUMMIES. SO THIS MUST PROGRESS BASED ON REAL WORLD EVENTS AS THEY UNFOLD. WE ARE IN A GOOD PLACE THIS MORNING. MAYBE NOT THE PLACE BUT WAY BETTER THEN LAST YEAR. PATIENCE IS A GOOD THING.  THERE IS ONLY ONE CHANCE TO GET THIS RIGHT THE FIRST TIME.
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Saudi Arabia is playing chicken with its oil

Saudi King Abdullah sits before a meeting with U.S. Secretary of State Kerry at the Royal Palace in Jeddah

In August 1973, Egyptian President Anwar Sadat paid a secret visit to the Saudi capital, Riyadh, to meet with King Faisal. Sadat was preparing for war with Israel, and he needed Saudi Arabia to use its most powerful weapon: oil.

…Today, Saudi Arabia is once again using its “oil weapon,” but instead of driving up prices and cutting supply, it’s doing the reverse. In the face of a global slide in oil prices since June, the kingdom has refused to cut its production, which would help to drive prices back up. Instead, the Saudis led the charge to prevent OPEC from cutting production at the cartel’s last meeting on Nov 27….

Read More: http://dinarupdates.com/blog/
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sczin11 - IMF 2% Spread…I do not have the exact wording of this requirement, but, if we are to assume it does exist, simple math should prevail. The problem is, IMHO, we do NOT know which rates are being used to come up with this per cent spread. If we use 1166, the imposed rate, as the operational rate, and the market rate as published almost daily by the CBI ON THEIR WEBSITE, CBI.IQ, and we divide 1197, current published rate, into 1166, we get 2.6%, NOT 2%!  This is the same percent spread the IMF mentioned in the last release, a few days ago.  …what rates are being used for this calculation?  Why is below 1200 market rate, the BINGO NUMBER?  Am I missing something here? [part 1 of 2....]
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Poppy3 - …ACCORDING TO MANY NEWS ARTICLES THE BUDGET AND COMPLETED HCL WILL BE IN PLACE NO LATER THAN JAN 1. 
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sczin11 - OH, BTW, THE MARKET RATE HAS NOT BEEN AT 1190 OR LESS IN A VERY LONG TIME… IS THE 90 DAY STABILITY, WHEN THE CBI REPORTS SATURDAY AUCTIONS, USUALLY ON SUNDAY, THEY DO NOT REPORT A MARKET RATE FOR THE SATURDAY AUCTION…SO WE HAVE NO IDEA WHAT THE IMF LOOKS AT FOR THAT ONE.   AND BTW, FOR ALL OUT THERE WHO DONT FOLLOW CURRENCY/STOCK/COMMODITY TRADING…A L L   F L O A T!   THEY ALL HAVE A BID AND ASK PRICE.. BUY AND SELL PRICE… ALL OF THEM.. NO EXCEPTIONS..  [part 2 of 2]
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Poppy3 - THE COUNTRY OF IRAQ RESOURCES CAN SUPPORT IN EXCESS OF $11.00 PLUS AND THAT FIGURE WAS FROM 3 YEARS AGO AND THEY HAVE DISCOVERED 2 MAJOR OIL FIELDS SINCE THEN THEY DIDN’T EVEN KNOW THEY HAD.
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Millionday - Report quote:  “Hashimi  demanded economic academic Dr. Majid Baidhani strengthening the peg to a basket of world currencies to distract the global financial crisis effects and the fluctuation of the dollar exchange rate in the economy of Iraq.”   THIS IS THE CALL TO CALCULATE THE DINAR EXCHANGE RATE FOR THE INTERNATIONAL CURRENCY RATES AND TRADE OF COURSE.   THE CALCULATION WILL BE DONE TO THE BASKET OF CURRENCIES INSTEAD OF JUST THE DOLLAR DUE TO THE CHANGES THAT THE US DOLLAR IS INCURRING…THEY ARE STATING THAT THE CHANGES THAT HAPPEN AND CREATE AN UNSURE BALANCE COME FROM JUST BEING PAIRED TO THE US DOLLAR SO THEY WANT TO USE THE SDR BASKET SO IT IS MORE SECURE IN ITS RATE AND HELD AS WELL.

THE CALL HAS BEEN MADE FOR THE LEGISLATION TO GO GLOBAL WITH THE DINAR RATE INTERNATIONALLY AND THE LEGISLATION TO ENTER GLOBAL SYSTEM STRUCTURE.  WHOOOPOW!  [...if they wouldnt be releasing the rate soon after establishing a rate, why bother calculating it? Right? RIGHT — THE REASON LISTED HERE IS TO MOVE FORWARD WITH CONTRACTS WHICH ARE DOMESTIC AND INTERNATIONAL – THEY ARE TALKING GLOBAL SO WE WILL WAIT TO SEE ACTION.
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Stryker - 2015 Budget Update:  Prime Minister al-Abadi’s office has confirmed that the committee in charge of the 2015 Budget draft will present it to the Council of Ministers in tomorrows Tuesday meeting. And they have added that it will not take longer than two meetings to get it to parliament.
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home7

Iraqi Dinar/Dollar auction 12-16-14

Currency Auctions Announcement No. (2844)

This daily currency auction was held in the Central Bank of Iraq on the 16-Dec-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$)               169,809,000
Total offers for buying (US$)                           169,809,000

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

MARKET RATE – 1197!!!

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sczin11 - [From what I've read, the 2% relates to the spread in any 90 day period within a managed float. It has nothing to do with what the initial rate is.]   B I N G O!   AND THE IMF DOCS I HAVE READ, HUNDREDS OF PAGES, CLEARLY STATE IRAQ SHOULD COME BACK WITH THEIR PRE SADAAM RATE OF $3.22, AND POSSIBLE COST OF LIVING ADJUSTMENT OF 20% INCREASE/HIGHER… AND OTHER REPORTS AND ARTICLES CLEARLY STATE THEY SHOULD BE CLOSE TO KUWAIT IF NOT A LITTLE HIGHER, AS THEY SHARE A PIPELINE AND HAVE TO BE BROTHERLY COUNTRIES.
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Tlar - I think the move to article VIII will be in conjunction with the change in monetary policy.   I also think that all the laws albeit important, will fall when they fall and have at this time little bearing on monetary policy.  The economic draw to investors, IMO will be the currency.  The most important legislation, the budget, which sets the stage for economic development in Iraq, the CBI has already said that they will do it when the timing is right whether the budget is done or not.  It is worrisome to me that Saleh said the timing would be better in 2016 but Abadi seems desperate to get this economy going.  Personally at this point in the game, I think they would be crazy to hold this back another year.  They can pass all the laws they want and promise a better future to the people but without an international currency, what has really changed?  So my gut is telling me that for the new era to begin, they must now show their cards. 

When the IMF indicated that their job with Iraq was done it got me to thinking.  The overall responsibility of the IMF is to referee world currencies and level the playing field, so it makes me wonder what they mean when the say this.  Personally I saw it as a small pat on the back that the IMF was giving themselves.  I think by now we can all agree Iraq is ready to delete the zeros and that that, is their end goal.  We can all agree that something is going to change otherwise why print the fils?  That would have been a huge waste of public money.  It is only the timing of this event that is disputable in my opinion. My money is on this happening whether all the legislation gets done before or not.  My money is on Article VIII happening when the value is introduced and not before. My money is on this happening whether the budget is done or not.  I would also like to say this is my opinion, not intel.  I think they would be foolish to let the momentum die by waiting another year.
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Poppy3 - I have never wavered from my research and what the powers that be have stated the rate that was approved and even though they have had many new meetings with the imf not one cbi or imf official has ever stated a different rate.  In Oct 2010 the IMF web site stated they had approved a new rate on DINAR of $3.22 plus up to 20% more for inflation since the war started. That means up to $3.86 at the highest.  Dr Shabibi whom never lied to us about anything stated they wanted to have a median flat rate they can manage for 24 to 36 months while they further grow their economy before going to a float.
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Dinar Updates ‏@DinarUpdates  now

@HaiderAlAbadi claims the independence (and “non-interference”) of the judiciary – except everyone knows… interference IS NEEDED!!

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sczin11 - WHERE ARE WE NOW!  I dislike a phrase I use often, however, it is SO appropriate when it comes to the event we all await;  “WE DON’T KNOW, WHAT WE DON’T KNOW!“  Each time we think we have a handle on the process, and it looks to be the trigger we await, we are hit with additional unforeseen news, of something new in the horizon that must be completed!  Are the banking laws completed?  are the investment laws resolved?  is the CBI rate of exchange in compliance with IMF requirements?  Is the country stable?  is the government stable?  is the CBI truly ready?  are the local banks all hooked up to the electronic systems? are the QI/Smart cards fully distributed?  are the ports all set up for the custom tariffs to be executed? etc… etc…The answer to these questions is…. We dont know, what we dont know!   [part 1 of 2....]
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OOTW  THE INFORMATION KAP IS TALKING ABOUT IS FROM A PUBLICATION PUT OUT BY THE IMF IN 2006…AND YES I’VE READ IT FOUR TIMES THIS WEEK, IT DOES STATE THAT THE COUNTRY NEEDS TO STICK TO UNDER 2% PARITY FOR A CONSECUTIVE OF 90 DAYS.  THIS DOESN’T MEAN IT DOESN’T STILL HOLD TRUE…WE JUST DON’T KNOW …EVERY EXCHANGE REGIME AGREED UPON WITH THE IMF IS [DIFFERENT] FOR EVERY COUNTRY.  [how many days has it been since under 2%?]  SINCE NOVEMBER 30.  WE’RE LOOKING AT END OF FEBRUARY IF AND I SAY IF THIS IS TRUE.

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sczin11 - WHAT WE DO KNOW IS THAT THE RAPID MOVEMENT OF NEIGHBORING AND FAR AWAY COUNTRIES TO SET UP SHOP IN IRAQ IS RAMPANT!  The participation of the globe in the war against ISIS is real!  The technological advancements are clear! the laws being read, and passed are vast!  the internal corruption is being cleaned up with full transparency!  and most significant to me, IMHO, the world is VERY involved with the BUILDING OF THE NEW IRAQ, FOR A REASON!  Folks, we are holding a life changing currency, and let no one tell you otherwise! THE SOVEREIGN, PROUD, RICH AND POWERFUL COUNTRY, WE KNOW AS IRAQ, WILL BE BACK IN THE HEARTS OF THE WORLD, AT SOME POINT IN THE FUTURE!   [part 2 of 2]
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home7

Iraqi Dinar/Dollar auction 12-15-14

Currency Auctions Announcement No. (2843)

This daily currency auction was held in the Central Bank of Iraq on the 15-Dec-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$)               188,991,000
Total offers for buying (US$)                           188,991,000

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

MARKET RATE – 1197!!!

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Tlar - I…am a firm believer that all the stalling, the stop and go, is over at this point.  I think that the basic holdup over the last month has been that they are so close to the new accounting period (Jan 1st) that they had decided to wait.  Through the years the CBI has said that the ideal time is to start on a new calender year so it would not surprise me if that is what they are going to do.  We know they are ready because they have said they were ready.  We know they have minted the fils because they told us they minted the fils.  We can assume that the smalls are printed because they just went through a major printing but so far have released only the replacement notes, not the new smalls.  We also know based on what the CBI told us that they will delete the zeros even if the budget is not done, but will do it when the time is right.  Then we just heard that the ATM’S will only be ready to do business when they delete the zeros, but are ready and in place…they can only go so far without a currency.  Can you imagine with all the new laws passed and getting ready to be passed along with a budget, that they would hold for another 12 months?  I personally think that it is the currency that will make it all come together.  [part 1 of 2....]
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Aggiedad77 - Me personally, I am looking for some surprising actions by PM Abadi, but they may not happen until after the new year...and I’m ok with that for now…Abadi is thinking and working like the engineer he is…very methodical, check the answers and re-check before committing, sticking with the prescribed game plan, and when something like the issues with oil prices jumps up, don’t over-react to it. Being of an engineering background myself, I like how this guy is operating and running things…for once I am not overly worried with their next actions.
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Tlar - So with that in mind I believe we will see the monetary change between the 25th of Dec to the 31st. A new Iraq will go global on the 1st of January in my opinion and the currency is the icing on the cake.  I feel that they will not pass up this opportunity again.  I also think we will see a reality rate right out of the shoot.  I think the CBI is unwilling to shock their society but one time.  Not the two step process that they were asked to do.   They are on a mission to save Iraq.  They are about to do it if they stay the course.  Going global is a big part of their strategy.  They know there is no choice but to succeed.  Again this is my opinion.  According to the intel this should already have been done.  Change is about all you can expect in a violent storm.  Goals and targets are set. As frustrating as it is, they are the moving target.  I think this time they will get it right.  At least I hope so.    [part 2 of 2]
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Former Deputy governor of the Central Bank (Mohammed Saleh) acquitted of the charges against him

Alsumaria News / Baghdad - Misdemeanor Court ruled Rusafa in Baghdad , Sunday, deputy governor of the acquittal of former Central Bank of the appearance of Mohammed Saleh of all the charges against him, in favor of the cause attributed to the lack of sufficient evidence to convict him…

Read More: http://dinarupdates.com/blog/
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Backdoc - SINCE THE BUDGET AND HCL ARE TIED TOGETHER A RATE MUST BE GIVEN TO COMPLETE THE AGREEMENTS!  WHATEVER RATE IS LAUNCHED CAN’T INCREASE THE NOTE COUNT DRAMATICALLY OR THEY WILL DESTROY ALL THE WORK THEY HAVE DONE IN THE PAST 6 YEARS ON REDUCING THE NOTE COUNT!   AN INCREASE TO THE NOTE COUNT WOULD DAMAGE THE CURRENCY’S VALUE!  THEREFORE A HIGHER RATE IN THE CURRENT CIRCUMSTANCES WOULD DO LESS DAMAGE TO THE CURRENCY!  WHAT BETTER TIME TO LAUNCH A CURRENCY WITH SIGNIFICANT VALUE WHEN CASH FLOW IS LOW AND MORE PURCHASING POWER IS NEEDED?    I CERTAINLY DON’T EXPECT UNDER A DOLLAR FOR STARTERS SINCE IT WILL DESTROY THE WORK ON THE NOTE COUNT!
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sczin11 - NOTE TO ALL.. JUST FOR REVIEW, AND FOR THOSE OUT THERE WHO TRULY DONT FOLLOW THE POLITICAL CHAIN OF COMMAND IN IRAQ…   ALL LAWS ARE BROUGHT BEFORE THE IRAQ CABINET, ALSO KNOWN AS THE COUNCIL OF MINISTERS, OR COM FOR SHORT FIRST, FOR APPROVAL…ONCE APPROVED, THE LAWS ARE PASSED TO THE GOVERNMENT OF IRAQ, ALSO CALLED GOI, WHICH IS THEIR PARLIAMENT… PARLIAMENT MUST READ EACH LAW 2 TIMES, AND THEN VOTE… ONCE APPROVED SENT BACK TO THE COUNCIL OF MINISTERS FOR ENTRY, WRITING, IN THE GAZETTE… THEIR OFFICIAL BOOK!

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home7

Iraqi Dinar/Dollar auction 12-14-14

Currency Auctions Announcement No. (2842)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                12
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               136,624,000
Total offers for buying (US$)                           136,624,000

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

MARKET RATE – 1197!!!

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Frank26 - The GOI looked right into the camera and said that they are about to activate economic reforms on the dinar that will be beneficial for their currency.   It is of our opinion that Abadi is now going to become a proponent for the dinar to have a rate change.
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Poppy3 - RUMORS IN THE BANKS ARE RUNNING WILD RIGHT NOW.  I DON’T SHARE MUCH OF IT BECAUSE IT IS JUST RUMORS TILL WE GET SOLID CONFIRMATION BUT I WILL JUST SAY SOME PERSONAL BANKERS ARE NOW ACKNOWLEDGING THIS IS GOING TO REALLY HAPPEN WHEN THEY HAVE SAID FOREVER IT WILL NOT.   I FIND THAT EXTREMELY ENCOURAGING AT THIS POINT OF THE INVESTMENT.
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OOTW - THE GAZETTE’S BEEN DOWN FOR WEEKS SO I CAN’T RESEARCH BUT WE DO KNOW THAT TRADE AGREEMENTS WITH KUWAIT, ARMENIA AND JORDAN HAVE BEEN PASSED INTO LAW…AND COMBINED WITH THE NEWS ABOUT IRAQ DELAYING KUWAIT’S REPAYMENTS…IT’S ALL GOOD, KUWAIT WILL BE HAPPY THEY HAVE THAT AGREEMENT IN LAW NOW.
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Dinar Updates ‏@DinarUpdates

BGG ~ Huge news… US Congress removes Iraqi Kurdish ruling parties PUK, KDP from terrorist list

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

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My Ladies - …IT WOULD SEEM WE ARE AT A VERY CRUCIAL PLACE RIGHT NOW IN IRAQ.  WE ARE RIGHT UPON THE INTERNATIONAL RELEASE OF THE NEW RATE…WE HAVE BEEN SAYING …THAT THINGS IN IRAQ ARE DONE. THEY CAN NOT GO ANY FURTHER WITH REFORMS OR LAWS WITH OUT MONEY.  THEY HAVE TOLD THE INTERNATIONAL STAGE THEY WILL IMPLEMENT HCL ON JANUARY 1. HOW WILL THEY DO THAT WITH OUT MONEY?  THERE ARE MANY MANY OTHER LAWS THAT IRAQ NEEDS LIKE THE INVESTMENT LAW IS A GOOD ONE, BUT HOW WILL THEY TAKE THAT LAW ANY FURTHER WITH OUT AN INTERNATIONAL STAGE?  HOW WILL THEY CONVINCE OUTSIDE COMPANIES TO INVEST WHEN THEIR PRIVATE SECTOR IS NOT CAPITALIZED? IRAQ NEEDS AN INTERNATIONAL STAGE TO CONTINUE.  

IRAQ NEEDS THE BUDGET AND THEY NEED IT NOW SO WE CAN PROBABLY SAFELY SAY WE SHOULD SEE AN INTERNATIONAL RATE REAL SOON.  THEY ARE SAYING THEY WILL MEET FOR THE BUDGET FOR TUESDAY, SO LETS SEE WHAT HAPPENS BETWEEN NOW AND THEN.   IN ORDER TO SHOW THE BUDGET THEY NEED THE CBI TO SHOW THE RATE OR ANYONE ON THE PLANET THAT READS AND WRITES ARABIC AND OWN A CALCULATOR WOULD BE ABLE TO FIGURE IT OUT.  ALSO LAST WEEK WE SAW THE CBI SAY THEY HAVE A SPECIFIC TIME FOR DELETING THE ZEROS AND THEY EVEN LED US TO CONCLUDE WHAT THE RATE MAY POSSIBLY BE… SAYING…RETURN TO THEIR REGIONAL AND GLOBAL STATUS; REDUCE THE DIFFERENCE BETWEEN THE DINAR AND REGIONAL CURRENCIES? THE CBI HAS A SPECIFIC TIME? …WE BELIEVE THAT TIME IS HERE.  EVERYTHING IS IN MOTION IT WILL NOT BE STOPPED AGAIN WE THINK THIS RIDE IS ALMOST OVER.
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Backdoc - THE TIME APPEARS RIPE FOR IRAQ TO LAUNCH THEIR ECONOMIC SECTOR! THEY NEED TO DIVERSIFY AND DO IT QUICKLY IN A FALLING REVENUE ENVIRONMENT!  AGAIN, THE CHANGE IN SECURITY IN BAGDAD IS MORE THAN INTERESTING AS WELL AS THE MILITARY GAINS IRAQ HAS RECENTLY MADE!  HOW LONG CAN IRAQ WAIT IN THIS ENVIRONMENT? NOT LONG!  SEEING ARTICLES OF POTENTIAL BANKRUPTCY MAY ALSO HELP SCARE SOME TO SELL OUT OF THEIR CURRENCY HELPING TO DROP THE NOTE COUNT EVEN FURTHER!  …WHEN THINGS LOOK THE WORST THEY ARE THE BEST!!  IT’S TIME FOR IRAQ TO TAKE ITS’ DONOR STATUS TO THE DOLLAR AS THE LONELIEST CURRENCY IN THE WORLD!  #1 IS THE LONELIEST NUMBER!
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Millionday - Article quote:  “Said in a parliamentary finance committee member, said that “the rest of the oil-producing provinces dues amounts of petro-dollar exchange rate will be after the approval of the federal budget for 2015“.   THE EXCHANGE RATE WILL BE RELEASED WHEN THE BUDGET IS RELEASED AND DONE ACCORDING TO THIS BECAUSE — IF ANY RATE IS CHANGED ALL RATES ARE CHANGED — WE DONT HAVE DUAL RATES OF ANY CURRENCY — THIS IS GLOBAL ECONOMICS.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Poppy3 - Article quote:  ”Saleh added, “We need to reform the currency management and accounting systems in the country in general. This can only be initiated in a new fiscal year.”  TO ME IT IS SAYING WE WILL BE READY AND HAVE THE RELEASE COMPLETED BEFORE JAN 1.  
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tlm724 - Article:  “Baghdad-Erbil deal silent on KRG’s surplus oil“  The deal will take effect from the beginning of the coming year…this deal is being done to get the 2015 budget done quickly.  Quote:  “Without this agreement. Iraq’s 2015 budget balance would have suffered a major deficit. This will be a return of sovereignty and trust to Iraq that did not exist under Maliki,”  we see…that the deal is being finalized and that there are many strategic details being worked out, we are talking about billions of dollars and if it is not done right the first time then they may as well go back to the drawing board. The great thing is this, they never did 2014 budget so the urgency is there to get the 2015 budget done and passed before they are completely broke and they are right on the edge of this agreement, few details and it should be done!
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Adam Montana - [At one time most of the Iraqi parliamentarians were against the HCL and wanted to remove it or at least they want to modify it so that the involvement of foreign companies were reduced.  Do you think American Oil Companies (and other countries) have a roll in the new HCL?  Or will foreign oil companies just have to follow the new HCL when voted in by Iraqi without a say in the matter?]  Most of Parliament was against the HCL under Maliki’s rule – that isn’t the case now. At this time, the GOI is moving in a great direction toward a full HCL.  American oil companies do indeed make a difference in this issue, but what we really care about is the cooperation between the Kurds and Baghdad - and we have that, so I think everything is GOOD.
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home7

Iraqi Dinar/Dollar auction 12-13-14

Currency Auctions Announcement No. (2841)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                9
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               111,545,000
Total offers for buying (US$)                           111,545,000

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

MARKET RATE – 1197!!!

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Millionday - THE RAFIDAIN BANK IS READY TO ACTIVATE THE ATMS IN BANKS AND THROUGHOUT IF THE PROGRAM OF THE REMOVAL OF THE THREE ZEROS GOES FORWARD OR SHOULD WE SAY AS SOON AS IT DOES.  THIS MEANS THEY ARE SET FOR SMALL DENOMS OF COURSE AS WE KNEW FROM PAST REPORTS.  THE LAWS LEFT ARE THE LAW OF PARTIES, HCL, AMNESTY, AND FEDERAL COURT.
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Aggiedad77 - Article:  “Cabinet discusses the 2015 budget on Sunday“   Old news, we’ve seen for a day or so…but the interesting side of this is that Sunday is not a normal meeting day for the COM….Tuesday is normally their day to meet…sounds like this is specific to oil issues surrounding the budget, mainly pricing.
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Poppy3 - ALL INDICATIONS SHOW THEY WANT THIS ALL COMPLETE PRIOR TO THE BEGINNING OF JAN 1 2015.  NO INDICATIONS OR STATEMENTS OTHERWISE.  THEY HAVE A GET-R-DONE ATTITUDE RIGHT NOW.
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Cash-strapped Iraq seeks Kuwait war reparation delay

BY DOMINIC EVANS

Iraq’s Finance Minister Hoshiyar Zebari speaks during an interview with Reuters in Baghdad November 26, 2014.
CREDIT: REUTERS / THAIER AL-SUDANI

(Reuters) - Iraq is seeking to postpone a final $ 4.6 installment of for its 1990-91 of Kuwait, Finance Minister Hoshiyar Zebari Reuters, as it faces a cash by falling oil prices and war with Islamic State…

Read More: http://dinarupdates.com/blog/
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Backdoc - IMO, I AM PERSONALLY CAUTIOUS ON INTEL AND NEWS OUT OF IRAQ!  I EXPECT LIES OR MISLEADING INFO.  WE ARE GOING INTO THE YEAR END WITH A CASH STRAPPED COUNTRY WITH A FREE FALL IN THEIR MAIN SOURCE OF REVENUE!!  WHAT BETTER TIME TO GIVE VALUE TO A COUNTRY’S CURRENCY WHEN EVERYONE IS NOW EXPECTING WEEKS IF NOT MONTHS?  THIS IS A COUNTRY DYING TO DIVERSIFY THEIR ECONOMY TO GAIN ADDITIONAL REVENUE QUICKLY!  THE MOST OPTIMAL TIMING IS THE BEGINNING OF A YEAR! IF THE STOCK MARKET BEGINS TO MELT DOWN WE JUST MIGHT HAVE A NEWS WORTHY EVENT AS A MEANS OF DISTRACTION!  I ALSO AM INTERESTED IN THE CHANGE IN SECURITY IN BAGDAD!
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WMAWhite - …how can a country determine it costs for its international purchases if its currency floats…doesn’t make sense.
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BGG - the IMF report was stunning - it looks like Maliki spent 10 -11 bil of CBI reserves and 2 – 3 bil of the DFI fund… those two funds were only accessible by the Gov of the CBI and the PM. He had both…
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Brent down to the lowest price in more than 5 years

Twilight News / inn Brent Friday for $ 63 a barrel to its lowest level since July 2009 July constantly influenced by fears of a glut of global supply and demand prospects bleak.

…The International Energy Agency is likely that oil prices are exposed to more downward pressure and cut its forecast for demand growth in 2015 is expected to rise over supplies from outside the Organization of Petroleum Exporting Countries (OPEC) of oversupply…

Read More: http://dinarupdates.com/blog/
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Millionday - the rest of the oil-producing provinces dues amounts of petro-dollar exchange rate will be after the approval of the federal budget for 2015“.   THE AMOUNT OF THE EXCHANGE RATE WILL BE AFTER THE BUDGET SO OBVIOUSLY IT HAS TO DO WITH BUDGET FOR THIS YEARTHINGS SEEM TO BE HEADED RIGHT TOWARD REFORM BY WHAT WE HAVE BEEN SEEING – VERY ENCOURAGING.   THE 2015 BUDGET GOAL AS THEY HAVE STATED IS TO BE DONE BY THE END OF THIS YEAR AND PARLIAMENT WILL BE IN EMERGENCY SESSION FOR IT AT ANY GIVEN TIME ACCORDING TO REPORTS. THE HOLD UP WAS A SCRAMBLE TO MAKE ADJUSTMENTS ON WHAT THEY THOUGHT THE REVENUES WOULD BE DUE TO LOWER OIL PRICING.

THE ACTUAL BUDGET WILL BE DONE IN DINARS PER REGULATIONS AND HOW A COUNTRY`S BUDGET IS DONE — WITH THEIR OWN CURRENCY.  THEY EXPECT THE PARLIAMENT TO HAVE IT IN TWO DAYS AS OF YESTERDAY... NO WORRIES OF ANY HOLIDAY TALK – OBVIOUSLY THIS IS VERY IMPORTANT AND THEY ARE PUSHING IT IN A HURRY DUE TO THE NEED TO HAVE MONEY.  SO,  WONDERFUL NEWS OUT THERE AND THEY HAVE STATED THAT THE EXCHANGE RATE FOR PETRO WILL BE WITH/AFTER THE BUDGET — SO WE KNOW THAT ALL CURRENCY HOLDS THE SAME VALUE NO MATTER WHERE IT IS. 
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tlm724 - they must act now to generate revenue, no time to waste here, get the gov reform off the ground, start implementing tariffs and get the private sector going, they need the budget as well to get some money flowing, reducing the GOI salaries is a big step too…they can produce a lot of revenue besides oil but have to implement this plan on the ground, make it a reality!
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Poppy3 - IT IS COMING FASTER THAN PEOPLE THINK…THINGS ARE HAPPENING FAST AND I DON’T WANT TO GIVE FALSE HOPE BUT WHAT I WILL SHARE IS THERE IS A HUGE PUSH IN HIGH PLACES TO GET THE RATE PUBLISHED BEFORE 2015. NO ONE CAN SAY THEY WILL GET IT COMPLETED BUT I CAN NOW SAY WITH CONFIDENCE THEY ARE TRYING.
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Iraq’s oil production will reach 4 million barrels per day by 2016

Governor of the Central Bank of Iraq on the Keywords, on Friday, that Iraq’s oil production will reach 4 million barrels per day by 2016, indicating that the compensation owed ​​by the Iraqi citizens organize Daash terrorist attacks, amounted to about 4.5 billion dollars. ”…

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

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Stryker - The Arbain ceremony in Karbala has been attended by millions but will end today and the 2015 Budget will be front and center once again in tomorrows Council of Ministers meeting.  Iraqis are not lined up outside banks, they are not celebrating in the streets and the Iraqi TV stations are not scrolling monetary reform is almost completed. The facts are, there are still a few things that need to be done before we see the RV take place.   Also, there is no 60 or 90 day wait period put on the 2% parallel rate before the RV can take place.
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WMAWhite - [do you have opinion on this 2% issue?]  One particular person I consult in is a very successful financial type of person told me that the 2% requirement does not apply to Iraq because it applies to exchange rates. The IQD does not have exchange rates. Instead, and because it has a programmed buy and sell value the 2% rule is moot.
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Kaperoni - Article:   “Zebari: the dinar exchange rate remains stable“  Quote: ”so our priority at this meeting to give a comprehensive picture of the economic and financial reality of Iraq“ They are sure making a big deal about currency stability.  Why do you think that is?   Because the IMF demands that they meet the 2% spread for compliance We all know Iraq tries to get things without doing the work.  Does everyone remember Iraq called for removal from UN Chapter 7 for over two years before they actually meet the conditions?  IMO, this is the same thing…the IMF said….your doing good, but your 2.6% and that is not good enough.  And the CBI went..shucks.  Now the hype is starting to try and bend the rules.  Unlikely the IMF will give an inch, I stick with February 28th date…BTW, November 24th the market rate dropped to 1198.  So technically, the countdown could begin then and end February 24th.  To be sure, I am giving it the full month. 

Believe me the CBI does what the IMF says. One way or another, they do it…as for 90 days. Here is the fact…the IMF charter clearly states a member country must hold the 2% for 90 days. This is in Iraq’s best interest as the magnitude of failure could be catastrophic if they do not know what they are doing when they go to Article VIII. That being said, I have not found it written in any document “specific” to Iraq that I can prove it. Could there be a special arrangement? Sure…do I think there is?  No.  90 days.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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tman23 - The Kurds speak of independence…the Kurds speak of not using IQD because of the 3 zeros…Every MAJOR foreign country and investor (even Kuwait) are going into the Kurd region FIRST for investments…So riddle this…How does this fair for the CBI and lost revenue if everyone in Kurdistan is floating around Euro and USD…What does that do for the CBI …the market rate…?   I guess they will need to depend on Basra…Then the threat of ISIS announcing their own coins to circulate…what if those coins have more value then the CBI $$$…and people start to accept them because they are gold and silver…The CBI is in a tough spot…Best make your currency desirable with value…AND QUICK !!
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WMAWhite – JMO, if we listen to what is being told to us by the CBI, PM, CoM, they are giving us a multitude of clues as to what their intentions are.  [Do you think the apparent "shrinking" of ISIS will help bring on the R/V?]  This will be a financial event not a political event…look around the middle east at far worst countries and their currency is at a higher value than the IQD. The CBI will do this when they are ready financially.  Again, the clue…indications… their actions…they are preparing for this to take place.  The CBI cares about the stability on the financial sector.  The CBI is driving this boat…all of the political folk are now trying to catch up because their boat is getting ready to leave.

[Why would Iraq even think of revaluing its currency when it is making such huge progress at the imposed rate? Not to mention, all the international help its getting to keep it going?]  Because will need a currency to enter the international trade markets to start with…no currency…no trade…second, if they have to pay 1166 IQD for every 1 USD of goods…they will be broke within weeks.   [what is your opinion of how much IQD is actually out there?]  I have never stated how much IQD the USA has because I don’t know…the CBI knows exactly how much is outside of Iraq because they are the ones who sold it…and they don’t care how many people own it or if one person owns it…it is all the same to them.  However, they have told us that they are bringing the note count down ALOT…like down to 1 billion notes.  To me…that indicates a fixed RI/RV and no float.

[do you think were still 4 months out like some are saying?]  I honestly believe that they are pushing hard all across the financial and political fronts to get this done and remember, that budget is useless…no good outside of Iraq unless the CBI does their thing first.  In other words…I believe this may happen at anytime.  I believe the CBI has a time frame they are targeting and they need to coordinate their moves with many other entities outside of Iraq.
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Prime Minister’s Office said Haider al-Abadi said the cabinet would discuss the 2015 budget through its next meeting after completion in the coming days. 

Saad al-Hadithi, official spokesman for the prime minister’s office said in a press statement that the problem of the Ministerial Committee on the state budget will end its work in accordance with the time limit of schedule and will complete its report on the draft general budget bill during the three or four coming days, adding that the report will be presented for discussion after accomplished by Committee during the next Cabinet meeting…

Read More: http://dinarupdates.com/blog/
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Kaperoni - …some overnight RV…It’s not…going to happen.,    It’s going to gradually rise (float) from the current rate at 1166.  This statement direct from the IMF Article IV Consultation is very clear…”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,”.  No where in that statement does it say staff says RV then float, or staff wants the CBI to RV and then gradually raise the value.   What they DO say is…”Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate“.
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Adam Montana - I read iraq is having a cash crisis. They are cutting their pay. How does this affect the dinar rv?]   There’s no cash “crisis” from what I have read – actually, the opposite.  The bigwigs have elected to take a pay cut, most likely understanding that doing so will free up cash and budget to help the CBI increase the value of the dinarso in reality they aren’t taking a “cut” – they are taking a STAND for the increase of the value!

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Statement at the End of an IMF Mission on Iraq

…A staff team from the International Monetary Fund (IMF) led by Carlo Sdralevich visited Amman, Jordan from December 2−7, 2014 to conduct discussions with Iraqi Minister of Finance Hoshyar Zebari, Central Bank of Iraq (CBI) Deputy Governor Zuhair Ali Akbair, and other officials from the ministries of finance and planning and the CBI to assess the country’s recent economic developments.

Discussions focused in particular on the impact of the double shock of the Islamic State of Iraq and Syria (ISIS) insurgencyand the decline in oil prices. At the conclusion of the visit Mr. Sdralevich issued the following statement:

Read More: http://dinarupdates.com/blog/
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tman23 - I just read Kaps NEW take on the Market Rate…  That said…You mean to tell me that all the hoopla posted before about them being at 2% of compliant was wrong…and now they need to be under 1200 for at least 90 days starting errrrrr yesterday…  The FACT is that most MAJOR market economies float their currency…Iraq is not even close yet…And that is why IMO there will be NO float!!   And from economist and the CBI past articles…The BEST time to raise the 3 zeros is at the beginning of the year…NOT IN THE MIDDLE!!   This has been a statement several times in the past…And in addition to that is Barzani saying…Kurdistan will not open and operate the ISX under 3 zeros…(but yet the ISX is being tied in with the ESX so how will that work??)…Barzani has a history of doing what he says…And I believe him on this currency issue, he was quite clear!
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Millionday - THE IMF…INTERNATIONAL MONETARY FUND…ENDING THE WORK IN IRAQ AND THE HUGE WORK WITH THE WORLD BANK TO FUND PROJECTS AND THE SPEED ON THE BUDGET OF COURSE ARE ALL THINGS THAT EXPLAIN WHAT IS GOING ON RIGHT NOW.  THE WORLD BANK IS WORKING WITH MOUS TO GET IN INVESTORS AND BANKS ARE OPENING THAT ARE INTERNATIONAL BANKS AND WE KNOW THAT THE GOV HAS ASKED THAT THE CBI DOES NOT GIVE OUT ANY NEW BILLS UNLESS IT COMES WITH THE PROGRAM OF REMOVING THE THREE ZEROS.  THEY ARE IN A HUGE HURRY TO GET THE BUDGET DONE DUE TO DEMANDS OF MILITARY SO THEY ARE WORKING ON IT NOW.  WE KNOW THAT LACK OF NEWS IS ALWAYS A ROAD TO LOADS OF BIG NEWS OR AT LEAST THAT IS WHAT WE HAVE SEEN IN THE PAST.
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Aggiedad77 - Article:  “Assurances parliamentary passage of the budget in the coming days“   “In the coming days”…”in two days”…”next week”…are they working on a budget for 2015…you betcha…are they ready to show us the budget…I doubt it…maybe the “next week” scenario works…after the Cabinet meets next Tuesday in their regular meeting…will the Parliament suddenly grow wings and get this budget approved before the end of the year…possible…they have proven they are capable I think…time will tell.

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TV: Rafidain Bank in Dhi Qar confirms that the introduction of ATM depends [on] currency

Network news Nasiriyah / Ahmed Hassan:

The director of the Rafidain Bank in Dhi Qar Hossein-Abadi in a televised interview moved local TV Nasiriyah The introduction of ATM in the markets and banks subject to the application of the decision to delete the zeros of the Iraqi currency, pointing out that the Iraqi currency is suffering from high inflation at a time current.

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

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Adam Montana - [Will there be a deadline for converting in the large Dinars for the small ones, or can I hold the large ones as long as I please without a penalty?]   We don’t know if they will instate a “deadline” to exchange the current currency, but I am confident that we will have a minimum of 90 days to exchange our notes
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Millionday - GLOBAL ECONOMICS REQUIRES A REALITY RATE TO ENTER THE GLOBE FOR BANKING OR THE MARKET ECONOMY THEY ARE REPORTING THEY MOVING TO – SO WE SHALL SEE WHAT THEY DO — INTERNATIONAL BANKING REQUIRES THE ABILITY TO EXCHANGE AND SO DOES TOURISM NO MATTER WHERE YOU GO OR EVEN INVESTMENT WHEN YOU HAVE YOUR OWN COUNTRY CURRENCY.   [To activate the dinar, are they saying it will only revalue in Iraqi or are they saying it will go internationally as well?]   THE CHANGE IN THE DINAR PURCHASING POWER IN COUNTRY WILL RESULT IN THE CHANGE OF ITS RATES COMPARED TO INTERNATIONAL CURRENCIES WHEN THEY ENTER THE INTERNATIONAL MARKET.
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Kaperoni - …many ask all the time “is the CBI in compliance with the IMF or not” and we all look at the numbers and try and figure it out…Official rate/Market rate stuff which is very important.  You see under IMF Article XIV, the IMF is teaching the CBI how to manage its currency and compliance is important to the IMF before they will let the CBI take the next step which as everyone knows would be for them to move to Article VIII.  The IMF told us the answer we all asked…Are they in compliance?  Well the answer in September was no according to the IMF Press Release, the spread in September was 2.6%.  So we can go back to the CBI site, pull up the auction numbers and see what exactly they were and relation to the Official rate/Market rate.  So in September, the CBI published 1203 and 1206 throughout the whole month.  So Official rate is 1166 and market rate was 1203 or 1206 which according to the IMF is 2.6% and not in compliance.  So now we know that the Market rate must be less for them to be in compliance and that calculation is easy to do and we can figure it out…the “golden number” appears to be 1200 or less.

[How can the CBI control the market rate though?]   They control the market rate through the daily auctions that is why the currency auctions are so important its a training tool to prepare them for the day they join the big boys.  So, here is where it is important…its a tough situation to maintain stability under the conditions in Iraq.  So 1203 is no good and 1206 is no good…now, as of Nov 30th the rate fell to 1197 which now clearly is within 2%.  So we can say with absolute certainty the CBI is in compliance at 1197 and that is official as of Nov 30th according to the CBI currency auctions  [How long do they have to stay at that rate?]  …as the IMF has stated in general guidelines (not specific to Iraq) they must hold within 2% for 90 days so that puts us at Feb 28th, 2015 or March 1 however you want to see it. That is of course that the CBI can hold that rate for that entire time…they cannot wabble at all!  The rate cannot climb back over 1200…this is not opinion, this is the numbers direct from the IMF.

So we all need to pray that the CBI can hold this 2% for 80 more days.  The good news is parliament will return and have 60 days or so to address all the laws, bills etc. we all need.   Until the CBI can prove they can hold at 2% or less for 90 days the IMF will not let them leave Article XIV and move to Article VIII.  I think its important to look at last Sundays meeting with the IMF that the GOI, CBI, MoF were all there…to find out exactly where Iraq was in regards to all these conditions/etc. So now the CBI, GoI, MoF all know what needs to be done.   …any substantial increase in value of the dinar is directly related to Iraq opening the currency to the world… moving to Article VIII.  Until the CBI is in compliance with the IMF nothing will happen.
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Maliki accuses Kurds of masterminding Mosul fall

ERBIL, Kurdistan Region — Iraq’s vice president and former prime minister, Nouri al-Maliki, has accused Kurdish leaders of “masterminding” the fall of Mosul to the hands of the Islamic State militants.

“Kurds were propagating against me and telling the Iraqi army (in Mosul) that the ISIS was not there to fight them, but to fight me and the Shiites only,” Nouri Maliki said during an interview with the Lebanese Manar TV on Saturday…

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

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BGG - Maliki left Iraq in worst financial shape than anybody realized.  It’s just coming out how much the DFI Funds he spent and how much of the CBI reserves he spent. He couldn’t have done that without an insider.  This is not necessarily bad news for us.  It is not necessarily going to impact us anymore or less than it was going to.  I think they are going to deal with him before too much longer.  The current PM is doing everything we had hoped Maliki would have done.   [What are your thoughts on the dong?]  I doubt that it is concurrent with the dinar.  I don’t think the dong and the dinar are interrelated. [ It would Iraq very little good to revalue at 1/10 of a penney, 1  cent, or 10 cents, but should come out something like what it was prior to the war?]  Conventional thinking, yes. However, because of the current situation in Iraq, it’s not impossible to believe that they wouldn’t do something like an introductory rate. I think it will be a managed regime, not a float…they will put it where they want it and do something with it later.

[I heard it need to be close to Kuwait's rate?]  I think sooner or later that’s probably a goal but I don’t think that’s going to happen immediately…  What Maliki did is a double edged sword.  It will probably move thing along sooner but it probably won’t be as much.   [Are we looking at 2015 before the exchange will take place?]  There may be one more major artery of influence from Maliki in the CBI and that may be a potential problem and once that is out of the way…but they need it now.  It can happen any time. I think between now and the 1st of the year is an opportune moment. 
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Adam Montana - For those of you that are new… let me give you some cliff notes:  1. 2003 or so, the Iraqi Dinar is trading at ~2000:1 down from a much higher rate. Thank you, Saddam.  2. 2012 The Iraqi Dinar is trading at almost double that… to the good side. Anyone that bought Dinar in 2004 has now doubled their money.  3. Back in 2009 or so, I said we need to see a few major things happen… GOI, HCL, CH7…so where are we now?  CH7 – DONE! There are a few minor details hanging on it, but for all intents and purposes Chapter 7 is no longer an issue.

GOI is ROCKING – With the removal of Maliki and Abadi at the helm, Iraqi Parliament has accomplished more in the last couple months than Maliki did in 5 years… and you know why, of course!  Because Abadi WANTS to move Iraq forward, but Maliki …did nothing but make backroom deals that lined his own pockets…  And that brings us to the final piece of the puzzle… HCL. Right now, as you’re all aware, we have been in “limbo” about this thing… and I’m confident in my research enough that I will tell you this:  We are INCHES away from a full HCL… but right now, we have an ”Agreement” – not a “LAW”.

I know, I know! Those of you that wanted to cash in yesterday and not a minute later… you’re probably mad.  But those of you that understand the situation and know that this was always going to take some time… well, you and I are pretty darned excited right now!  The HCA is the biggest major step into the HCL that we have ever seen, and I’ll seriously be surprised if this goes more than a couple more monthsThey are making REAL progress!
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tlm724 - one paragraph from the actual report from the IMF:  “The IMF will continue to support Iraq through policy advice, technical assistance, and training. The 2015 Article IV consultation discussions with the authorities will take place in the coming months.“  I take this as good news for sure, it will not take long for Iraq to meet the requirements for article VIII, consultation in the coming months could happen very quickly!   Like January or February for example but the first quarter of the year still feels good to me. I like the report and find it encouraging for sure, they continue to grow despite the difficult circumstances!
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Millionday - THE IMF FEELS AS IF THEY CAN NOW HAND OVER THE ECONOMIC CHANGES ETC TO IRAQ – GREAT NEWS TO SAY THE LEAST.   [is it that the IMF had to give the final say to Iraq to push the button, based on meeting economic reform infrastructure - etc?]  CBI IS INDEPENDENT AND HAS THE JOB OF SETTING THE CURRENCY RATES BUT WHAT IS BEHIND THE SCENES HAS NOT BEEN RELEASED AS WE ALL KNOW I STICK TO THE INK SO NO GUESSING.   I THINK THAT THE RELEASE OF THE IMF IS A TURN OF A PAGE.
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Jester - NO ONE… AND I MEAN NO ONE… NOT THE 100% CONFIRMED BS… NOT ANYONE… KNOWS FOR SURE THE TIMING…AND THEREFORE SINCE THAT IS UNKNOWN… THERE IS NO WAY TO KNOW HOW THE PLAN WILL UNFOLD…EVEN NOW THE REST OF THE WORLD CONTINUES TO PLOW FORWARD ON THEIR PLANS WHILE THE US RESISTS THE CHANGE… THE WORD TODAY IS STILL INEVITABLE… THAT THINGS ARE MOVING AROUND… NO TIMING IS GIVEN…
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home7

Iraqi Dinar/Dollar auction 12-11-14

Currency Auctions Announcement No. (2840)

This daily currency auction was held in the Central Bank of Iraq on the 11-Dec-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$)               142,472,000
Total offers for buying (US$)                           142,472,000

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

MARKET RATE – 1197!!!

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WMAWhite - We know for a fact, the PM, COM, & Parliament are juggling a bunch of balls in the air and they tell us they are trying to get to some place with it, they are trying to get the first budget passed prior to year that it is required and we understand too that they can’t do anything with that budget until they change the value of their currency.  They cannot do any of those investment items that they talked about, that’s a fact.  So, if they are going to live by the 2015 budget sometime in 2015, then things are going to have to change in our favor.
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tman23 - One of the biggest debates is the IQD float…BUT…Does the recent correction of the usd mean anything? With the value of the dollar constantly changing it is hard to tell what it all means. Can you imagine trying to build a house if everyday when the workers arrived you gave them a different size ruler?  Interesting thing is that Iraq had a rate of 3.22 when oil was something like $30 a barrel…But who knows….it’s just interesting!
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Enorrste - Article:  “Statement at the End of an IMF Mission on Iraq“    The article…makes it clear that the decision to release some of the reserves was made by the CBI in concert with the GOI to fund the deficit.  It is speculation to say that Maliki and/or Turki were behind this, since we do not know when the funds were released.  In any case, the fact that this came out in an officially recognized IMF article implies to me that the release was on the “up and up” as far as the IMF was concerned.  In other words, the IMF didn’t mention anything “fishy” in the reduction of reserves and, furthermore, didn’t even make a comment about the fall in reserves.  Therefore, I do not believe this is an issue with respect to the future of our investment.

At the same time, …KAP made it clear that the IMF will require that the street rate and official rate be within 2% for at least 90 days prior to a move to Article VIII.  Whether that means that the country wouldn’t begin the float is open to question.  The float decision is Iraq’s to make as a sovereign country.  This has been made amply clear in previous articles. We are therefore left with some speculation:  Iraq could begin the float any time after the beginning of the new year, as the CBI has stated its intention.  OR, they could wait until March when they will have, theoretically, been at 2% for 90 days or more, and, presumably, begin the float with the move to Article VIII.

However, I do not see a direct connection between Article VIII and the beginning of the float other than that the float could not be initiated AFTER moving to Article VIII.  I do believe that the float could begin PRIOR to movement to Article VIII.  I have predicted, based on the articles only and not on any specific evidence, that I believe the float will be initiated shortly after the new year.  I see no reason in this article to change my position.   I just got to thinking that entering Article VIII isn’t necessarily directly connected to the value of the dinar.  Of course the dinar would have to be tradable in order to move to Article VIII, but that does not mean that the two have to happen at the same time.  Also…a free float will bring the official rate and the street rate together overnight.
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home7

Iraqi Dinar/Dollar auction 12-10-14

Currency Auctions Announcement No. (2839)

This daily currency auction was held in the Central Bank of Iraq on the 10-Dec-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                15
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               170,771,000
Total offers for buying (US$)                           170,771,000

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

MARKET RATE – 1197!!!

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tman23 - Why hasn’t the 2015 budget been presented to Parliament ? Is it declining oil prices and the focus on the amount of the 2015 deficit? Reality is the GOI needs to get the show on the road BUT BUT BUT…If that 2015 Budget hits Parliament and there is a battle/argument/debate over the 17 percent that the Kurdistan region is receiving …The Kurds are not arguing/debating/ or even sticking around to discuss the subject…GONE-GOODBYE…And Maliki is trying his best to keep his insiders rallied against the Kurds…This is why the Budget has not been in Parliament and this is why Jabouri is in Kirkut today speaking with the Governor…… Basically….Kurds could give a rats a**…they have their agreements and are set…And the international business world is ready to open the doors in Kurdistan.
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Kaperoni - Article:  “Legislative power: raise zeros will not affect oil prices“    No matter how you look at it..as the float starts or the Law of Indebitness there is no chance the zeros will be gone in 2015.  The articles describing the process from a few months ago clearly stated it could take 4-5 years once it began.  I believe IMF Article VIII will occur in 2015 (which will give freedom of movement of capital to occur), but many people are going to be surprised that the dinar’s value will remain low until investment begins to flow into Iraq.
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Millionday - Article quote:  “The Prime Minister Haider al-Abadi, on Monday, that Iraq is facing a cash crisis due to the decline in world oil prices, and that it was taking measures to address the real problem, starting with the reduction of salaries in the Council of Ministers.”  [why would they accept to decrease their own pay unless they know the value will rise...?]  I DONT SEE ANY UPROAR ABOUT IT EITHER NOT EVEN A REPORT STATING WHAT THEY THINK ABOUT IT OR HOW THEY DISAGREE — THIS SHOULD BE INTERESTING.
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Parliament exclude oil falling to $ 40 does not deny the possibility of resorting to the reserve currency

Baghdad - The Commission on parliamentary power, the presence of multiple government measures to avoid any potential drop in oil prices to under $ 50. The sources did not exclude recourse cash reserves at the central bank or borrow from private banks, and described in a lower price range of $ 40 to as a “global catastrophe”, ruled out this scenario unexpected return prices to rise again…

BGG ~ What these guys call a “global catastrophe” – I call a miracle. Maybe they should have put their house in order and gotten ahead of this oil pricing drama…

Read More: http://dinarupdates.com/blog/
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tman23 - Kurdistan Parliament is continuing work on an independent Kurdistan Constitution to be completed near term August 2015…and will vote for a referendum for an independent Kurdistan if Baghdad doesn’t live up to the agreements and/or doesn’t/can’t get its s*** together…The Kurd constitution being written WRITES OFF THE USE OF THE IQD AS IT”S OFFICIAL CURRENCY…Also the Kurds have said they had enough of Maliki accusations in the press and the GOI needs to take action immediately against this man who placed Iraq in disaster and continues to hurt the country…There is a lot of chatter in Kurdistan over the CBI and LACK OF in Kurdistan…And…BIG ribbon cutting ceremony in Erbil on Grand Opening of Blom Bank…HUGE…!!
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Kaperoni - Article:  “Zebari: the dinar exchange rate remains stable“   Quote: ”views the exchange about the role of the International Monetary Fund to help Iraq through this difficult phase of the Iraqi economy.”   The key is it appears Iraq has turned to the IMF for help.  And they will follow the rules even more so now.  Which takes me back to the IMF Article IV consultation!  Article VIII and a gradual appreciation.
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Millionday - Quote:  “The economic expert is expected to increase the purchasing value of the Iraqi dinar taking advantage of the economic strength of the dollar“.  THE RAISE OF THE US DOLLAR RAISES THE BASKET OF CURRENCIES AND WE ARE THE LARGEST PURCHASERS/CONSUMER OF OIL — SO… THE GROWTH IN VALUE HAPPENED BUT THE PRICE OF OIL WENT DOWN SO IT HAS A PARTIAL GAIN DUE TO THE MARKET.   SO IN OTHER WORDS THIS IS A GOOD TIME TO INCREASE THE PURCHASING POWER OF THE DINAR.  
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Call Change – tonite will be LIVE dial in

760-569-7676 pin#398647

DINAR Talk INFO Call

w/BGG & Mr White – from Dec 9th

Smart phone user link – Click here

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Stryker - Article QUOTE: ”Ali Fayad, said Speaker of the House adviser on energy, on Monday, that the political atmosphere between the province and the center of political and other blocs are ripe for the enactment of the oil and gas law and the formation of the Supreme Council of the oil policy“  ONCE AGAIN THERE ARE TALKS ABOUT THE TIME BEING RIGHT NOW TO PASS THE OIL & GAS LAW DUE TO THE DEAL STRUCK BETWEEN KURDISTAN AND FEDERAL GOVERNMENT.
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Millionday - Article quote:  “Araji said that he “will be put accountability, justice and the law of prohibition of the Baath Party, and the subject of the tax amendment exempting role and low cost young ones granted to employees, in addition to the Ministry of Electricity and future plan, time and ceilings of projects and investment…“  TOMORROW THE AGENDA INCLUDES THE TARIFF LAW.  SO AS WE SEE THEY ARE WORKING TOMORROW — WHO KNEW.
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tlm724 - …the investment promotion phase has been completed to the fullest picture…stage is set, tariffs will be imposed on all imports and this will open the door for investment, getting the money flowing back INTO Iraq!  
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Dinar Talk INFO Call – tonite

w/BGG – Dec 9th, 8:30pm CST

Click-N-Listen

Smart phone user link – Click here

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Stryker - Budget Update:  The committee had until the 10th to turn the draft into the Council of Ministers for their approval. Some articles are stating that it has not been done where others are saying it has been done.  I believe they have received it and the Council of Ministers will vote on it this week and it will be to parliament either this week or next,either way it still looks real good in getting it passed this month.  In preparation for relieving the stress off next years budget along with attracting foreign investors, Iraq and the World Bank have signed a memorandum of understanding to provide assistance in the fields of legal, technical and financial. Now, more than ever they need these Investment Laws approved and implemented and do not have any excuses to do so
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BGG - My take – things are in overdrive right now…Abadi appears to be working overtime to get all kinds of reforms and elimination of the old guard put in place…there are some points of contention within his political structure – but he seems to be having some success up until now…he has promised (and delivered) change in the Army, Intelligence, CoM, Judiciary, CBI (coming)…Currency reform was a very public topic… shortly after the elections…however it appears they are balancing the government (and maybe going to deal with Allaq) before they are able to address the Dinar but to me it’s all moving at “break-neck” speed...[forget Allaq do the dinar first.]  He’s the Gov of CBI – he’s the trigger man…
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SteveI - Iraq wants and will get this new budget done before the New Year.   I still think this is our year, so get your plan in place.  [ I believe the article was on Dec 1st that stated the budget would be ready for Parliament with in 7 to 10 days? Have you heard whether this time frame has changed?]   Yes, the time frame is correct. We believe that the closing of the 2014 and rolling it into the 2015 budget, and adjusting it to a real number based on the oil price has finally been done.  I truly believe it will get done before the new year. Date? not yet.  Rate, Yes, same as my previous predictions…it will be close to the bordering countries. [ I have read some articles stating that stability in the country is getting much better?]   This is absolutely true.Our sources say that is pretty much under control and not an issue.  Huge progress

[Based on what you know and what you [Guru] Ray are hearing, is the budget the only holdup right now, or are there other things as well?]  After trying to figure this out…what sure seems to be pointing to the last accomplishment is the budget…had the budget been passed before the necessary laws, would it have worked? Answer – No. Now that HCL is agreed upon, and may laws we never heard about, we are sure on our way. [it was said...that the budget has nothing to do with the RV, that CBI is in charge of when they release the new rate and at what rate, regardless of the budget.]   …the budget and a currency value do go hand in hand. Yes, the CBI is in 100% control of the currency rate is a part of the model of a plan that can be achieved over a period of time. This partnership has to be on the same playing field (for the lack of better term). This will be done as one, not one against another.

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home7

Iraqi Dinar/Dollar auction 12-09-14

Currency Auctions Announcement No. (2838)

This daily currency auction was held in the Central Bank of Iraq on the 09-Dec-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$)               142,170,000
Total offers for buying (US$)                           142,170,000

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

MARKET RATE – 1197!!!

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Bulldog75 - THERE ARE MANY FACTORS AFFECTING THE CE AND THE ECONOMY OF THE WORLD.  CRUDE OIL: DOWN $2.47 TO $63.47. THATS HUGE…. WHY? A ‘NEAR PERFECT’ INDICATOR THAT ALMOST PRECEDES EVERY STOCK MARKET CORRECTION IS FLASHING A WARNING SIGNAL IS FALLING OIL PRICES.   PROBABILITY: ON THE CE/GLOBAL RESET WINDOW, WE SHOULD SEE OIL NEAR $55, GOLD UNDER $1100, SILVER UNDER $15. ALL RARE METALS SHOULD FOLLOW SUIT.   BE OPTIMISTIC YET PREPARED. THE NUMBERS ARE 3.33 TO 11.11 BASED ON WHO OR WHERE YOU ARE.
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Bondlady - Article:  “Deputy likely arrival of a draft budget bill to parliament early next year“   after vacation it should be ready to be passed hopefully by 1/15…which is relativity quick for them, they usually hurry to pass it then go on vacation. then spend months afterwards fighting over it before it gets gazetted… this time they’re trying to change that and get stuff worked out before the readings which will let them actually open it a lot sooner than they have before.
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OOTW - FROM THE COM [COUNCIL OF MINISTERS]  SITE:  “Secretary General of the Council of Ministers following the special meeting to review the strategic directions of the ministries under the government program 2014-2018“    THIS IS VERY IMPORTANT EVERYONE - THE PREVIOUS NATIONAL DEVELOPMENT PLAN, AUTHORED UNDER MALIKI, CONTAINED INFORMATION WHICH WAS NOT (AT LEAST AS IT WAS WRITTEN) SUPPORTIVE OF US SEEING A CHANGE IN VALUE OF THE CURRENCY.   HOPEFULLY THIS NEW PLAN WILL BE COMPLETELY INDEPENDENT IN ITS COMPOSITION, VS THE OTHER UNDP [United Nations Development Programme]. 
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Araji: The Cabinet will finish the budget during the next few days

Khandan - announced by Deputy Prime Minister Bahaa al-Araji, the Council of Ministers, “Akef on the completion of the preparation of the general budget in the coming days and before the end of the financial year in the form that suits the global oil prices and prioritization necessary for sectors such as security and defense, health and the ration card and care social. “…

http://www.dinarupdates.com/showthread.php?14833-The-Dinar-Daily-Sunday-December-7-2014&p=86274&viewfull=1#post86274
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tlm724 - Article quote:  “…the revitalization of the financial market will be through the launch of the trading rights of debt bonds issued by the Ministry of Finance“  …when we see these sovereign bonds about to be issued we will know they are about to do a increase in the dinar , these are what [Guru] Shredd has been waiting for.  We have to see the CBI make the move and this article is from an economic researcher which is good, give the CBI a push and Saleh KNOWS it has to be done because it will generate more revenue for them…now that Saleh has Abadi’s ear we will see rapid changes on the bond front. 
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Millionday - Article quote:  “the tariff law takes into account the provisions of facilities granted under the Investment Law No. 13 of 2006, as amended on imported goods exclusively for the purposes of investment projects, so come in order to attract the maximum amount of investment companies and businessmen to work in Iraq.”  Quote: ”The Iraq plans to join the organization global trade and this joining is required country to deal flexibly with the external economy “, calling at the same time to create a balance and activate production bases in the Iraqi economy while keeping an openness to the world in freedom of import and export.”   Tariff creates a local industrial base; Iraq and WTO; Iraq Investment Law!!! (HUGE) 
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Enorrste - Article:  “A member of the parliamentary Economy: a meeting this week to find suitable solutions to support the economy“  Abadi has shown that he wants to race to the finish line when it comes to the Iraqi economy and the restructuring of the currency.  Second, the CBI is on record that the process will begin to be rolled out in the “early part of 2015.”  I am not at all pessimistic on this matter.  Third, the “basket” of laws is already in the works, according to statements from parliamentarians.  Therefore, it seems that a plan has been made and is in the process of being implemented on a time schedule that has already been announced.  That being said, I see no reason to backpeddle our thinking at this point.  Of course this is Iraq…
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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EXOGEN - THE HCL/OIL AND GAS + GOI = RV.   EQUATION IS NOW COMPLETED AND MANY DO NOT EVEN REALIZE THAT YET.  ALL WE ARE LOOKING FOR NOW IS THE RATE, WHICH WILL BE PRESENTED UNDER  IMF ARTICLE VIII, AND IRAQ SHOULD BE MAKING A WORLD TRADE ORGANIZATION ANNOUNCEMENT, WHICH WILL TIE INTO THE OFFICIAL TARIFF ACTIVATIONS WITHIN THE COMING DAYS, AS THE 2015 BUDGET IS PRESENTED SIMULTANEOUSLY.
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Kaperoni - The dinar you and I hold is part of a controlled leak by the CBI. They know exactly how much was sold with the intention to bring it back through the world’s central banking system. 
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Stryker - Sovereign Bonds:  We should start hearing news about Bond offerings through the Central Bank of Iraq to support the Monetary System and not for projects. Last year these Bonds were to go on the Bond Market but were cancelled due to postponement of the deletion of the zero project. So it only makes sense that the CBI would offer these as we get closer. This bonds will be offered in Iraq’s currency (IQD) and not in the USD. Yesterday we had news that the government may adopt the issuing of Sovereign Bonds. These would be to support housing projects and the private sector that would help out next years budget deficit, since these cost would not come out of the budget itself.
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home7

Iraqi Dinar/Dollar auction 12-08-14

Currency Auctions Announcement No. (2837)

This daily currency auction was held in the Central Bank of Iraq on the 08-Dec-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$)               176,084,000
Total offers for buying (US$)                           176,084,000

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

MARKET RATE – 1197!!!

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Poppy3 - NOW THAT THE HCL IS AGREED ON AFTER YEARS AND THEY RUSHED TO EVEN SET A TEMPORARY HCL IN PLACE, WHY IN HEAVENS NAME WOULD THEY NOT RELEASE A RATE ASAP? LET ME SAY THEY WILL. THEY ARE ABSOLUTELY FROM ALL THE NEWS TIEING UP EVERY SMALL DETAIL AND PREPPING TO RELEASE THE RATE JUST DOESN’T MAKE SENSE TO RUSH IN EVERY WAY AND THEN STOP!  DOES IT.

ABADI…HAS NOT LET THEM TAKE ANY TIME OFF PERIOD. THEREFORE HE WANTS THE RATE AND IS DOING EVERYTHING POSSIBLE TO GET TO A PLACE WHERE THE CBI FEELS CONFIDENCE TO RELEASE IT. DOESN’T MATTER THE DAY OR DATE LIKE A 15TH OR FIRST OF ANY MONTH BUT THE DAY THEY FEEL CONFIDENT THEY WILL RELEASE PERIOD.  IT CAN BE AT ANY MOMENT LITERALLY.

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Backdoc - IF IRAQ WANTS TO GET GOING AND DIVERSIFY THEIR ECONOMY THEY NEED A RATE TO DO IT.  ALSO THE TARRIF LAWS CANT BE IMPLEMENTED WITHOUT A RATE.  WHAT GOOD IS A BUDGET WITHOUT A RATE? HOW COULD IT BE OPENED UP TO THE PUBLIC?  REMEMBER THEY SAID ONE BASKET! One vote!
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tman23 - We can talk market economies until we are blue in the face…The WTO…The stock market…The biggest point to be made is market economies do not happen over night…and Iraq needs infrastructure and that takes time to build…and workers need security and feel safe…Iraqis have minimal skill so foreign workers need to be on site…That being said…they import just about everything and have lost 40% on their main export income…so the best thing going for them is they have an undervalued currency that can be adjusted and provide them more purchasing power on imports…And 1 – 1 isnt the answer.
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home7

Iraqi Dinar/Dollar auction 12-07-14

Currency Auctions Announcement No. (2836)

This daily currency auction was held in the Central Bank of Iraq on the 07-Dec-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                13
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               125,285,000
Total offers for buying (US$)                           125,285,000

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

MARKET RATE – 1197!!!

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Frank26 - They will be silent on 2015 budget until around the 17th.   AND…So will any further news on the HCL as it is buried deep in the budget on purpose.
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Kaperoni - Article:  “Rafi Abd al-Jabbar: the previous government brought Iraq to the brink of collapse“    Unfortunately this is true in many ways.  Not only financially, but economically and with the ISIL problem now much of these provinces are now having years of infrastructure damaged.   ISIL does not leave without ruining everything in its path. That being said...nobody knows just how long or how much of this is going to have to be repaired before the banking system can open up to the world. This is an unknown and despite the progress we see and the timeline we think, it could be the one cog in the wheel we just cannot find the answer too.  The true effects of leaving Maliki in office for as long as he was may not be felt until years from now….the banking system must be solid for the world to participate. I would expect that is why the World Bank was given that task from the beginning. All the recent news of theft, money laundering has me wondering if the banking system is anywhere close to being ready for global activity.
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Enorrste - Article:  “Foreign investment to support the economy”  Anytime we see articles pushing “more than ever” for international investment in Iraq this must be a good thing.  No serious investment will occur until Iraq moves to Article VIII and begins to float its currency on the international market.
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home7

Iraqi Dinar/Dollar auction 12-06-14

Currency Auctions Announcement No. (2835)

This daily currency auction was held in the Central Bank of Iraq on the 06-Dec-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                11
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               104,916,000
Total offers for buying (US$)                           104,916,000

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

MARKET RATE – 1197!!!

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DC - Abadi should be announcing that the CBI has changed the rate and now we are rich. That’s supposed to be coordinated by the BIS+CBI.  They are waiting to be sure the US is really on board this time.  They are handling this as low-key as possible, so there will not be announcements from the US, UK, or wherever.  Everyone is in place.  Iraq is ready.  Rates were changed here again yesterday and this morning.  Even in the US, everyone is ready to get going.  I think we will be cautious but positive.  I have the latest articles here, and they say Iraq is running half days on Sunday and Monday.   Tuesday, Wednesday and Thursday are declared official holidays again.   They are planning on doing something, they just don’t know when it will come out.  
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Millionday - IRAQ IS MOVING TO ENTER A MARKET ECONOMY OF TRADE WITH THE WORLD.  THIS WILL BE WITH THE ACTIVATION OF STRATEGIC FRAMEWORK AGREEMENTS.  THIS IS WORLD TRADE WHICH REQUIRES A REALITY RATE AND  INTERNATIONAL COMPLIANCE WITH ALL TRADE LAWS RESPECTED THE COUNTRIES OF THE WORLD ARE OPENLY COMPETING FOR TRADE AGREEMENTS DUE TO THE HUGE OPPORTUNITY IN IRAQ`S ECONOMIC REFORM.
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Kaperoni - Article:  “Iraq on the doors of an unprecedented jump in the export of oil”   Raising level of oil exports will help the dinar rise in value…  Once they pass these laws and the money is flowing into Iraq to invest in other various sectors, the additional exports of oil will be huge.
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Abadi Office: There are those who claim the presence of foreign troops in Iraq to stir up public opinion

Information Office of the Prime Minister announced Haider al-Abadi , Saturday, that there are those who claim the presence of foreign ground forces in Iraq , attributing it to achieve “personal goals and stir public opinion,” as he emphasized the presence of trainers enjoy diplomatic immunity as part of the US Embassy in Baghdad, according to an agreement with the the previous government…

Read More: http://dinarupdates.com/blog/
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Poppy3 - …NEWS IS FAST AND FURIOUS RIGHT NOW.  PROGRESS IN SECURITY, FINANCE LAWS RUNNING HAND IN HAND. GUYS THEY ARE MOVING FASTER THAN EVER TO IMPLEMENT THE DIFFERENT PHASES OF FINANCIAL REFORM . EVERYTHING BEING REPORTED AND BEING COMPLETED IS HEADING IN OUR DIRECTION. THESE GUYS WERE TO HAVE STARTED A 30 DAY HOLIDAY ON NOV 30 AND THE PM AND JABORI TOLD PARLIMENT AND GOI COMMITTEES THEY WILL STAY AND FINISH EVERYTHING REQUIRED BEFORE ANY BREAKS…ITS ALL IN OUR FAVOR.  INVESTORS ARE WAITING FOR ONE THING A VIABLE RATE ON THE CURRENCY THAT IS TRADEABLE.  ISIS IS NOT THE ISSUE.
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tman23 - I expect the Budget to be in Parliment Tuesday or before…I did read they said it would be next week and would be read and then voted on…could be translation or could be they had a reading and this would be the second draft and read then vote…they have have not been real clear on 2014-2015 budgets and how it works legal wise…But again 3 different articles lead to a read and vote…could be Sunday…They have said before the 15th also.
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BGG - I just finished the last 18 pages of news… it was breath-taking!!  the volume of progress was the main thing.
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Maliki’s Son Arrested in Lebanon

Former Iraqi Prime Minister in Beirut to free his son

ERBIL - Iraqi former Prime Minister and current vice president of Iraq Nouri al-Maliki arrived in Lebanon in unexpected visit to free his son named Ahmed in one of the prisons in the country.

The Lebanese media reported that Ahmed has been arrested in Lebanese Capital Beirut by the Lebanese security for having more than US $1.5 billion cash with him and he’s currently behind bars in one of the Lebanese capital prisons…

Read More: http://dinarupdates.com/blog/
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Mnt Goat - I am very optimistic about these next week…in the next couple days they are going to run the UST managed system once again to calculate and bring new rates downstream to banks and exchanges. This time I am hearing we can expect a double digit rate for the international IQN rate in the USA. Dong too is very high. Wow ! Sounds almost unbelievable but this is what I am told will overlay the current $3.58 rate now being used for these early group exchanges. The system has not been re-run since they began almost a month ago. Why so high?  This rate will reflect the drop in the dollar due to the drops in oil prices. If it takes more dollars to exchange a dinar then the rate must go higher. This is the case since the Iraq dinar is a somewhat stabilized rate for years. This was also part of a negotiating item in the recent talks with IMF and the BIS.  I am hearing the Dinar and Dong will revalue and be available for exchange at the same time…

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Poppy3 - I believe with the per barrel price drop it will effect the exchange rate for the IQD--lowering it- but gas will go up , always does.]   NOPE WILL NOT EFFECT THEIR MARKET RATE FOR A LONG WHILE. THE NEW RATE WILL BE BASED ON ALL ASSETS AND MARKET POTENTIAL.
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pinocchio-smileyLONG copyEXOGEN - NOTE: THE 1-800 NUMBER APPOINTMENT SYSTEM FOR EXCHANGE & ROUTING SYSTEM IS NOT SET UP LIKE MANY THINK.  THERE IS NO MASTER 1-800 ROUTING SYSTEM THAT MULTIPLE COMPETING BANKS WILL BE SHARING.  INDIVIDUAL BANKS WILL HAVE SPECIFIC 1-800 NUMBERS THAT WILL DIRECT YOU TO EXCHANGE LOCATIONS FOR THE CURRENCY YOU HOLD.  EVERY BANK OR BRANCH  IN  YOUR AREA WILL NOT BE A PARTICIPATING EXCHANGE BANK.  MANY BANK 1-800 NUMBERS WILL BE HIDING IN PLAIN VIEW (HINT HINT).  THERE WILL BE DIFFERENT ONSITE AND OFFSITE EXCHANGE OPTIONS BASED ON EACH BANK.
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tman23 - Confirmed a report by the International Center for development studies, based in London, the Iraqi budget deficit poses a clear threat to the economy of Iraq, according to the report, the deficit exceeded $50 billion so that Iraq would be at risk of bankruptcy, Iraq will be unable to pay the salaries of its staff seems to be indicators of bankruptcy is looming on the horizon.  So Iraq NEEDS TO PASS THE BUDGET!  And to purchase imports their collective major export has lost 40% in value…BUT THE GOOD NEWS IS THEIR CURRENCY IS WAY UNDERVALUED… AND THEY CAN OFFSET THE 40% AND HAVE MORE IMPORT PURCHASING POWER BY SIMPLY… RAISING THE VALUE OF THEIR CURRENCY!
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Open the files of corruption in all ministries within a week

BAGHDAD / Obelisk:detection of the Integrity Committee member of the parliamentary Abdul Karim Alabtan, Wednesday, open file corruption in all ministries, without exception, within less than a week, and disclosed to the media soon.

He Alabtan in a statement seen by “obelisk”, “The Integrity Committee parliamentary support, the campaign carried out by the Prime Minister, Haider al-Abadi, to root out corruption in all state institutions, and will be for the Commission oversight and legislative role, and will start a file on sale of property the state at all ministries.”…

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

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Adam Montana - [Does the decline in oil prices further support your prediction all along of a $.10 rate?]   I’ve been thinking on that one…so far I’m leaning towards “no change” in my guess of the possible rate…the oil price isn’t permanent. Also, I think it will be a floating rate, and it will rise as the CBI is able to.   So .10 is still a good possibility even with the lower oil prices.
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BGG - [Can you explain what is going to happen to all the bills that we have now...because of the 10K new ones...and eventually the 25K ones?  Will we need to exchange our old for the new before we can exchange for the dollars at RV time?]  I doubt it…ours are in so much better shape it won’t be hard to verify them – is my current opinion.
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tman23 - I have no explanation for the NEW 3 zero notes…it’s not smoke, it’s listed on the CBI site informing citizens…It is for that reason I believe there may be a “short window” to exchange our 3 zero notes at a high value… “a reinstatement rate” …then come 1/1/2015 a lifting of the 3 zeros… BUT THIS IS ONLY MY OPINION OF ONE POSSIBILITY.
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US welcomes Erbil-Baghdad agreement as ‘long sought goal’

By RUDAW

US Secretary of State John Kerry (center) making his case.

US Secretary of State John Kerry (center) making his case.

BRUSSELS, Belgium - US Secretary of State John Kerry welcomed the recent oil and budget agreement between Baghdad and Erbil that ended a long-lasting political deadlock in the country.

Speaking in Brussels at the first meeting of ministers from more than 60 countries and factions involved in the campaign against the Islamic State, Kerry said the operations have resulted in ISIS losing ground in Iraq and Syria…

Read More: http://dinarupdates.com/blog/
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Poppy3 - 2014 [budget] completed and the balance of projects were moved into 2015 in a effort to expedite completion. BALANCE OF 2014 WAS PAID WITH THE LOAN THEY OBTAINED FROM THE WORD BANK. WE ARE SETTING PRETTY AT THIS POINT.  MOST ALL THE BANKING LAWS HAVE PASSED, THE HCL, TARRIFF LAWS AMENDED, AT THIS POINT MANY OF THESE SUPPORT ONE ANOTHER AND THEY CAN’T DO ONE WITHOUT THE OTHER AND THAT INCLUDES THE RATE SO THESE CAN BE FUNDED. WE ALL WAIT AND WATCH FOR THEIR ACTIONS OF IMPLEMENTATION.

[so wto should be coming up next and they need a rate for that right?]  BY ALL INDICATION YES THEY DO. NEVER HEARD ANYONE OFFICIAL SAY THEY COULD BECOME A FULL MEMBER WITHOUT A MARKET RATE. I KNOW THEM JOINING OR ANY COUNTRY JOINING HAVE TO JUMP THROUGH A BUNCH OF REQUIREMENTS TO GET FULL MEMBERSHIP. THEY DON’T HAVE TO JOIN BEFORE A RATE BUT IT WILL BE VERY VALUABLE TO THEM WHEN THE RATE IS REVEALED. 
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tman23 - Never seen a deadline met in Iraq yet…But they need to get the 2015 Budget tabled before the 1st of the year…and I suspect by the 15th if they are following their Constitution.  Read a report that the 2015 budget is “expected’ to be balanced by the CoM and sent to Parliment next week for reading and vote…usually the first reading gets changes which takes 2 weeks then sent back to Parliament…but they are saying READING AND THEN VOTE.
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Adam Montana - [...the US State dept. issued a statement congratulating Iraq for passing the Hydro Carbon  Law does this mean the RV will be happening This week or when? Or is there another hold up?]   We’re right in the middle of a huge event, and there is definitely a chance that this will roll right into THE big event!   I’m not going to speculate more on that until I know more… hang tight!
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Backdoc - Articles:  “Saudi expects oil to stabilize around $60 a barrel”  “Saudi Arabia expects oil prices to stabilize around $60 a barrel, Dow Jones reported Wednesday, citing sources familiar with the situation.”  THESE ARTICLES CONFIRM WHAT I HAVE BEEN STATING THAT IRAQ WILL HAVE TO CUT EXPENSES, INCREASE NOT DECREASE OIL PRODUCTION, AND DIVERSIFY THEIR ECONOMY!  WITH OIL POTENTIALLY HEADED NOW TO 60.00/ BARREL, AND IRAQ ALREADY LOOKING AT A 30% LOSS OF REVENUE, THEY REALLY NEED TO GET THAT INTERNATIONAL RATE TO RECRUIT NEW BUSINESS!  THEY DON’T HAVE TO GIVE US A RATE OR DATE BECAUSE THE MARKET ALONE WILL PUSH TEAM ABADI TO ROLL!
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Millionday - ESX HAS CONNECTED TO AMEX NASDAQ.  THE ERBIL MARKET WILL JUST REMAIN CONNECTED TO ISX UNTIL THEY ARE FULL ENOUGH OF TRADING COMPANIES.  THEY ARE AMENDING THE BANKING LAWS IN A HURRY AND CBI IS IN THE FINAL STAGES – THEY ARE NOT RELEASING THE INFO ON EVERYTHING BUT HAVE REACHED THE FINAL STAGES.   THEY ARE WORKING ON ALL THE DIRECTIVES TO ACTIVATE THE IMPORT/EXPORT AND THE TARIFF LAW THAT HAS BEEN ON THE SHELF – THEY WILL NEED TO BE INTERNATIONALLY RECOGNIZED TO IMPLEMENT A MARKET ECONOMY.
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Angelquest - I didn’t come in here to tell you it is done however we are pretty sure it is but POLITICS AND BIG EGOS stops it…all the world must be ready. SOMEONE just…asked if I think it will be before Christmas? To answer that I would say I have it on semi-good authority that they do want it out but then again just as good authority it will ALL be done before they seat our new congress…sorry wasnt much help.
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We expect the Prime Minister Haider al-Abadi [to] do quick and radical reforms in the Central Bank

After the big uproar Mr. Abadi’s recent statements about revealing 50 000 placebo registered in the Ministry of Defence and so far the reactions going on about this statement, which took a great deal of publications and comments on Facebook claim Abadi disclose more of these ghost in the Interior Ministry and other ministries which burdened budget State experiencing these days of extreme scarcity and to prosecute and punish those who provided cover for these people and the center of this…

Read More: http://dinarupdates.com/blog/
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Adam Montana - [The significant drop in crude pricing will certainly affect the 2015 budget and the potential RV.  Could an upward valuation of the Dinar overcome the lower pricing and put Iraq on a good monetary footing?]  Yes, and it’s also important to note that this drop in price on crude isn’t a permanent thing.
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tlm724 - Article quote:  “We are working to modify the central bank laws and money laundering…that the amendments to the central bank and banking laws, money laundering and reached the final stages“   this is being repeated in the news and should be! It is going to make all the difference for Iraq, bring them in compliance for the IMF, propel their economy using international standards of operation and will without doubt strengthen confidence in the country as well as the dinar!
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Shredd - 
I’m am so optimistic about this investment.  I was chatting with my wife about the dinar…I was taking the approach of how much distance the dinar will travel regarding the rate from 1166 to a fair market-driven rate and over a 4-5 year window and when you look at it that way, it’s pretty exciting to consider how quickly the dinar can appreciate in the coming months.   I mean, the CBI stated this process will be “gradual” but we don’t know if that will be via a managed float (which makes sense to me) or via a market-driven free float.

I feel in the coming months we will see what that first step in rate change will be and that first step will tell us the method  then, the second rate adjustment will indicate the pace…we will learn so much once the process of improving the rate STARTS and …once that happens, demand will explode.  we’ll all be able to decide when and how we will want to exchange our dinar, pretty exciting.  the news on the banking laws alone is amazing…these laws being passed will remove road blocks to investment. The largely stale status of investment hasn’t been all about investor fears it has been due to waiting for assurances of protection, compliance and transparency, the interest has been there…so we can’t under-emphasize the weight these laws carry.  yes, exciting times.
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Baghdad and Erbil Reach an agreement on oil and Budget

Khandan - reached the Kurdistan Regional Government and the federal government after a series of discussions held by the Kurdistan Regional delegation in Baghdad, an agreement on the export of oil from the Kurdistan region and the share of the Kurdistan region of the general budget. Under the agreement, the Kurdistan region will be issued 250 000 barrels of oil per day, as well as 300 000 barrels per day of Kirkuk, through Company (SOMO). The two sides also agreed to share the Kurdistan region from the federal budget, amounting to 17%, and the agreement is valid as of 01/01/2015.

Read More: http://dinarupdates.com/blog/
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Poppy3 - WE ALL KNOW THEY MUST HAVE A RATE BEFORE THEY CAN IMPLEMENT THE HCL.   THEY HAVE PUSHED VERY HARD FOR SEVERAL YEARS TO COMPLETE IT.   I CAN’T IMAGINE THEY HAVE SPENT ALL THIS TIME REACHING AN AGREEMENT AND ARE NOT PREPARED WITH EVERYTHING ELSE SO THEY CAM IMPLEMENT IT WITHIN A COUPLE DAYS OF THE AGREEMENT.  TIME WILL TELL BUT IT WILL NOT BE LONG IN MY BOOK.
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Kaperoni - Article:  ”MPs and economists working on the establishment of an Iraqi economic council”   this new council being assembled is to push forward and implement the market economy. We are seeing Iraq set the stage and create the conditions for their emergence right before our eyes.
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EXOGEN - …THE “RV” BLOCKS IN D.C. HAVE BEEN TEMPORARILY, FIXED AS OF 24 HOURS AGO, AND THE NEEDED AND REQUIRED DOCUMENTS HAVE BEEN SIGNED FOR THE PROCESS TO MOVE FORWARD.  THE NEEDED AND REQUIRED G.C.R. DOCUMENTS HAVE ALL BEEN DELIVERED TO THE PROPER LOCATIONS AND THE AGREEMENTS HAVE BEEN SIGNED AS WELL.  GLOBAL BANKING AND FINANCIAL INSTRUMENTS ARE CURRENTLY BEING CALIBRATED.
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home7

Iraqi Dinar/Dollar auction 12-04-14

Currency Auctions Announcement No. (2834)

This daily currency auction was held in the Central Bank of Iraq on the 04-Dec-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$)               164,248,000
Total offers for buying (US$)                           164,248,000

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

MARKET RATE – 1197!!!

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Backdoc - I CONTINUE TO BE INTERESTED IN DECEMBER 12TH AS A DAY OF COMPLETION CONCERNING THE LAWS IN TIME WINDOW THEY GAVE US TO COMPLETE THEIR BUDGET AND HOLIDAY!  IT APPEARS THE THREE DAY HOLIDAY SISTANNI CALLED SEEMS TO BE EXTENDED TO 5 DAYS? OR IS THIS ANOTHER ONE? MMMM.  DOES THAT TAKE US TO MONDAY? THE STOCK MARKET TRADES MONDAY THROUGH THURS.!  TODAY THEY ADMIT THE BANKING LAWS ARE NOW READY AS WELL! MMMMM.  ONE BASKET! MMMM.  THE NEXT POSSIBLE DAY OF COMPLETION IS JAN. 1 ST SINCE IT IS THE FIRST MONTH! MMMM.
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Millionday - THEY SIGNED AND VOTED IN A TEMPORARY HCL AND HAVE AGREED ON THE OTHER ISSUES… THEY PASSED A TEMPORARY SO THEY COULD BEGIN IN PRODUCTION AND AGREE FORMALLY ON FINANCES.  THE ERBIL AGREEMENT OF 17% AND SOME OTHER AGREEMENTS WILL TAKE PLACE WITH THE 2015 BUDGET. THE IMPACT OF THE ERBIL AGREEMENT CONFIRMS A POSITIVE EFFECT ON THE REALITY OF THE ECONOMY AND ALSO THE IMPLEMENTATION OF THE GOVERNMENT PROGRAMS.  SOME OF THE AGREEMENT FINANCIALLY WILL BE ACTIVE JAN 1ST 2015 AND SOME NOW.   THE ERBIL AGREEMENT HAS MOVED ALL THEY WANT TO A BETTER PLACE FOR IMPLEMENTATION. THE UN , US , AND BRITAIN PRESSURED TO REACH AN AGREEMENT BUT HAD NO INPUT ON WHAT IT WAS.
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Adam Montana - [I'm curious about your thoughts on the Iraq politicians taking a 50% reduction in pay. Since politicians rarely take a pay cut, I'm thinking this is a very positive sign. Is this just an attempt to balance the budget?]  I am hoping this is a move designed to accommodate a significant change in the value of the rate, because you are 100% right – politicians don’t just agree to something like this for no reason!
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Official: rising oil production in Iraq depends on an increase in foreign companies

Iraq’s oil minister said that the Islamic state is no longer a major threat to Iraq, and that the new government in Baghdad plans for comprehensive reforms to eliminate corruption and rationalization of expenditure.

The Iraqi oil minister, Adel Abdul-Mahdi, in an interview conducted by the British newspaper The Telegraph believes that “Iraq is double the current production of the actual can in 2020 and beyond,” adding, “but the issue is related to investment in the oil industry, which include installations and pipeline network across the country, as well as going to export gas, may be accomplished by the year 2020 the whole. “…

Read More: http://dinarupdates.com/blog/
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DC - Iraq has done some great things in the last week.  Yesterday they announced the formal agreement to the HCL in Kurdistan and in Baghdad. That certifies the 17% is going to Kurdistan plus a few other things they changed around. That was a big thing for Iraq to do. They are adjusting their budget based on the fall in oil prices…On the television side, they have announced the economic reform is in place, but also there are riots because it has not been completed yet.  They are saying it’s nearly over with.  Abadi gave a great speech about Iraq joining international markets on Monday night.  They are still prepared for parties and celebrations with areas blocked off and PA systems ready for the final deal.  One reason the riots occurred is they thought the RV would happen immediately after Abadi’s speech, and they were disappointed. They continue to prepare for celebrations because yesterday in the US they realized they need to move forward.
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Backdoc - IF THE GOI STAYS ON SCHEDULE, WE SHOULD BE EXPECTING THE BUDGET LAW BY THE 10TH DAY AS THEY SAID…AFTER TODAYS NON-VOTE ON THE ANNOUNCED HCL, I BECOME A LITTLE MORE INTERESTED IN THE 3 DAY HOLIDAY SISTANNI ANNOUNCED WHICH RUNS FROM THE 10TH TO THE 13TH!  ARE THEY PLANNING A SPECIFIC DATE FOR THE ONE BASKET VOTE?  …ONLY IN HINDSIGHT WILL WE KNOW, AND WILL IT MATTER?  MAYBE NOT BECAUSE THE CBI WORKING INDEPENDENTLY NOW THAT ALL BANKING LAWS ARE IN PLACE, CAN SET AN INTERNATIONAL RATE ANY TIME!  I FAIL TO SEE WHY TEAM ABADI WOULD WORK SO HARD WITHOUT BREAKS LIKE A ROCKET SHIP TO GET THINGS DONE, JUST TO HURRY UP AND WAIT!
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Frank26 - 12 that are the Central Banks of This World…YES It is now SECURE enough to release the Horse from The STABLE!  I pray that what You see at the CBI and GOI has caused You 12 favor in a new RI rate for the IQD.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Adam Montana - The news on all things HCL kind of speak for themselves - what’s going on right now with the agreement between the Kurds and Baghdad is HUGE! I have a lot to say about it, but the details are still coming in so I’m going to hold my peace for now…if they want to go ahead and RV before I have a chance to share all my thoughts on it, that’s fine by me!
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Poppy3 - …HERE IS WHAT IS TO BE CONFIRMED NEXT THEY ARE MOVING FAST AND SHOWING AMOUNTS. CAUTION AS MUCH OF THIS HAS NOT BEEN CONFIRMED BUT MUCH OF THESE DECISIONS ON HCL AND OTHER BANKING LAWS ARE TO BE VOTED IN ONE PACKAGE SO THEY CAN ALL BE IMPLEMENTED AT ONE TIME. THINGS ARE SO EXCITING RIGHT NOW BETTER THAN ANYTIME IN MY 11 YEARS IN THE INVESTMENTS. IRAQ WILL HAVE A TRADEABLE CURRENCY BEFORE THE GOI AND PARLIAMENT CAN TAKE ANOTHER HOLIDAY DAY OFF ACCORDING TO ABADI AND JABORI.  REALLY OTHER THAN ANNOUNCING THE RATE , HOW COULD THE NEWS BE BETTER?  I AM PUMPED.
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tlm724 - Article: ”Cabinet approves oil agreement between Baghdad and Erbil Section“  Quote:   ”In the NBA came to us just said that the Council of Ministers approved the oil agreement between Baghdad and Erbil“   this agreement between the federal government and the Kurdistan Regional Government is an extraordinary event in the history of Iraq!  it is a real agreement! It will further the final agreement on the HCL and we should see the budget presented any day as well, wouldn’t surprise me to see it this week imo…Abadi has Iraq on a fast track, that is obvious!  this is reconciliation at it’s finest, total unity in Iraq, an agreement that has been debated and argued about for years and now it is done.
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Aggiedad77 - PM Abadi continues to prove that he is the real deal…that he has what it takes to turn Iraq around…his platform of integrity and compassion towards all Iraqis is proving itself day after day…his proclaimed war on corruption is boundless and knows no adversary too great…he has had the mighty wolf, the rogue wolf huff and puff at him and failed to be cowed…this man is bringing Iraq out of the dark ages…and is doing so at lightening speed.  Every day there is cause for celebration…he has won the confidence of the Kurds, he is in the process of winning the confidence of the people of Mosul and those war torn areas of Ramadi and Fallujah…the tribesmen are listening to him, they watch his actions and they sense real progress for a change.
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EXOGEN - THE LAST CALL RECEIVED FROM “INTEL HANDLERS”  WAS ”HO HO HO…BE READY”  HIGHEST ALERT EVER!!!   HCL + GOI = RV.
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tman23 - Article quote:  “The Council of Ministers held its twelfth regular meeting on Tuesday chaired by Prime Minister lone Abadi…the Council of Ministers decided to approve the agreement between the Federal Government and the Kurdistan Regional Government, which was attended by Prime Minister Haidar Al-Abbadi, Chairman of the Federal Kurdistan Regional Government nechirvan Barzani…“   That should end the debate of a HCL agreement…All oil belongs to IRAQ…and the Kurds agree! Barzani attended the CoM meeting with Abadi…So now is it the correct time to say DONE DEAL!
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DINAR CORP CURRENCY ANNOUNCEMENT:

The NEW 10,000 IRAQI DINAR NOTE has the same color, same shape and the overall same design as the old note.

The differences are all visible on the Arabic side of the note as follows:

1. A color-changing magnetic strip has been added near the center-left of the note…

Read More: http://dinarupdates.com/blog/
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pinocchio-smileyLONG copyEXOGEN - [WHAT IS THE CONTRACT RATE FOR THE VNN?]  THERE ARE NO OFFICIAL RATES UNTIL ALL IS LIVE…LAST WE GOT ON VNN RATES WAS 57 CENTS TODAY.  [Can anyone tell us if there will be places to exchange in hawaii? Any location?]   ONCE THE RATES ARE LIVE THERE WILL BE EXCHANGE BANKS GLOBALLY.  ["U.S. Congratulates Iraq on Hydrocarbon Agreement" What does this really mean?]   THE BEST NEWS EVER AND HISTORY HAS BEEN MADE IS WHAT THAT MEANS.

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Enorrste - Article:  ”Saleh: 2016 year is ideal for the deletion of zeros“  The “project to delete the zeros” is the actual removal of the large notes.  This cannot take place at the same time the float begins, but instead must occur AFTER the float has begun.  I see no impediment to a float beginning in January or so…Once the banking laws are passed, and they are nearing completion on them as I write, then the CBI can begin the float, IMO.
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Kaperoni - Article:  “Central Bank: Amendments in the bank and banking laws and reached the final stages“  [And now HCL is done!]   HCL agreed upon. Not done till voted on.
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Enorrste - I am simply amazed at the relative speed at which Al-Abadi is moving!  Of course Maliki was no standard to measure by, since he had the brakes on his entire administration.  But Al-Abadi is managing to move on many fronts at the same time (battling ISIS, working with the Kurds, getting banking laws passed, and bringing small private investors into Iraq, for instance).  I have a strong feeling that the first quarter of this coming year will see some significant gains in the value of the dinar.  I personally expect the float to begin in January.  Of course, I could be wrong.
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DINAR CORP CURRENCY ANNOUNCEMENT:

Similarly, the NEW 5,000 IRAQI DINAR NOTE has the same color, same shape and overall same design as the old note.

The differences are all visible on the Arabic side of the note as  follows:

1. A color-changing magnetic strip has been added near the center-right of the note…

Read More: http://dinarupdates.com/blog/
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Bondlady - Cabinet approves oil agreement between Baghdad and Erbil Section“  Quote:  “In the NBA came to us just said that the Council of Ministers approved the oil agreement between Baghdad and Erbil“   huge stuff there.   they get their 17% and a ton of dinar for the Peshmerga army and they get to export…and they pay more oil to Baghdad too. they are all fighting now too for the same goal and together not running wild every which way,  team work!  [so can we say the oil law is passed and is official?]  not yet but it is very close.  They just jumped the hardest hurdle and I think the rest will go pretty smoothly.
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tman23 - I have no explaination for the NEW 3 zero notes……  it’s not smoke, it’s listed on the CBI site informing citizens…… It is for that reason I believe there may be a “short window” to exchange our 3 zero notes at a high value……… “a reinstatement rate” …..then come 1/1/2015 a lifting of the 3 zeros…   This is why I have no interest in IQD reserves… If it is a short window I would never get my reserves in time….not during the holidays !!!!!  BUT THIS IS ONLY MY OPINION OF ONE POSSIBILITY……AND I THINK WAY DIFFERENT THEN MOST…. SO KEEP IN IN THE BACK OF YOUR MIND AS A POSSIBILITY IN YOU ARSENAL OR TOSS IT TO THE BACK WITH THE REST OF THE GARBAGE…..THIS IS WHY I SAID BEFORE…..IF 12/15 SHOWED A RATE OF 1.16 AND YOU 25K NOTE GOT YOU 25,000 USD…..DO YOU WAIT FOR 1/1 AND HOPE FOR A HIGHER RATE ? ??  WHAT IS YOUR TOLERANCE FOR RISK VS GAINS VS LOSES….
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Tlar - It doesn’t take a great leap of faith to think that much of what is taking place might be Saleh, the new economic advisor and Shabibi’s friend, behind helping engineer these changes and Shabibi’s return.  [So Tlar is Sabibi around now just  to bury Maliki, or help the CBI with it's plan to delete the zero's.  Or both? …your guess is as good as mine. I just know were I Abadi and if I really wanted all these reforms to work along with getting rid of Maliki once and for all, I would re-instate Shabibi not only because he has international standing and is well respected, but because he has demonstrated his expertise and authored the monetary plan that got them to this point.  I would make him the governor at least until he finished his plan allowing him to finish his job of putting humpty dumpty back together again getting full credit.  Then let him retire honorably when he wants to with full retirement benefits.   But that’s just me.
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home7

Iraqi Dinar/Dollar auction 12-03-14

Currency Auctions Announcement No. (2833)

This daily currency auction was held in the Central Bank of Iraq on the 02-Dec-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$)               199,142,000
Total offers for buying (US$)                           199,142,000

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

MARKET RATE – 1197!!!

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Poppy3 - they ARE SUPPOSED TO BE ON HOLIDAY FOR THE NEXT 30 DAYS AND JABORI AND ABADI SAID NO BREAK TILL ALL IS COMPLETE. SOUNDS TO ME MORE LIKE THEY ARE NOT WAITING FOR SOME DATE IN THE FUTURE…SOUNDS TO ME LIKE WHEN THEY GET REQUIREMENT AT THE POINT THEY WANT REGARDLESS OF TIME OR DATE THE RATE WILL CHANGE WEATHER 2014, 15, ON THE 1ST, 2ND, 7TH, SO ON…WHEN COMPLETE IT WILL HAPPEN PERIOD.  
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Millionday - THE REPORTS THAT WE HAVE SEEN FOR THE LAST FEW DAYS HAVE BEEN STATING THAT THEY HAVE BEEN ORDERED TO INTEGRATE THE LEGISLATION FOR BANKING REFORM AND ALSO ECONOMIC REFORM — ETC.  THEY HAVE ANNOUNCED THAT THEY HAVE REACHED AN AGREEMENT WITH KURDS AND FEDERAL IRAQ (ERBIL AGREEMENT).  

ABADI HAS ANNOUNCED THE OPENING OF IRAQ TO THE ENTIRE REGION– THIS IS THE ANNOUNCEMENT OF FOREIGN POLICY.  THIS WAS ON INTERNATIONAL NEWS FOR THE REGION FOR ALL TO SEE.  THIS IS THE MOST IMPORTANT ANNOUNCEMENT MADE SO FAR IN IRAQ AND IS CONFIRMED AS WELL.  IRAQ IS NOW PART OF THE INTERNATIONAL ALLIANCE.  NOTE – ISX HAS DATED FOR WED MANY MANY OPENING MARKETS — LISTED AS ON WED.
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Poppy3 - [So they would need to have the RV before the 2015 budget?]   ACTUALLY NO THEY WOULD NOT HAVE TO BUT WE ARE NOT SURE WHAT THEY CONSIDER A PROPER TIME FOR THE CBI TO TURN IT LOOSE. I SUSPECT THE NEW BUDGET IS JUST ANOTHER STEP ON THE LADDER TO GET TO THE PROPER CIRCUMSTANCES. ONLY TIME WILL TELL BUT I SEE VERY CLEARLY THEY ARE MAKING STRIDES TO GET US THERE AND PROTECT THEMSELVES IN THE PROCESS. 
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Dinar Talk INFO Call

Latest News w/BGG – Dec 2nd

Click-N-Listen

Smart phone user link – Click here

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Backdoc - MANY OF THE SAME REFORMS OR PROCESSES THAT IRAQ HAS GONE THROUGH, VIETNAM HAS DONE THE SAME!  IN MANY WAYS THEY ACT LIKE BROTHERS!  THEY BOTH HAVE LOANS FOR THEIR INFRASTRUCTURE AS OF LATE!  IRAQ STATES IT HAS 90 TONS OF GOLD RESERVES, VIETNAM HAS 100! I COULD GO ON AND ON HOW THEY ARE BECOMING MIRROR IMAGES OF EACH OTHER! CHINA HAS SERIOUS CURRENCY CHALLENGES ESPECIALLY AS IT STRUGGLES TO BECOME THE SECOND RESERVE CURRENCY IN THE WORLD!

WITH CURRENTLY 18% OF THAT MARKET I SUSPECT IT WILL CONTINUE IT’S STUNNING RISE QUICKLY!  WHAT BETTER WAY TO HELP IT ACCOMPLISH THAT BUT BY HAVING A DONOR CURRENCY CALLED THE DONG!  SAME FOR THE DOLLAR AND THE DINAR!  RIGHT NOW WE ARE WAITING TO SEE HOW LOW THE EMPIRE WANTS THE OIL PRICE TO GO IN RELATION TO HOW HIGH THEY WANT THE DINAR AND THE DOLLAR!!  ALL I KNOW AT THIS MOMENT IS THAT IF THE DONG DOESN’T GO AT THE SAME TIME IT MIGHT DO DAMAGE TO ITS CURRENCY SINCE FOLKS LIKE US WILL BE BIG BUYERS!!
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Kaperoni - Article:  “Saleh: 2016 year is ideal for the deletion of zeros“  Remember the CBI is currently going to great lengths to sustain the exchange rate within the IMF guidelines…holding within 2% for the past 30 – 40 days or so.  It would be unlikely they would be doing this for a project that is 12 months or more away.   Couple of things to remember…Iraq is in an urgent situation to create jobs, investment, stability, rebuild infrastructure, etc. etc.  Opening the banking system to the world is key and a critical step that must happen “before” they will have success with all of that.  They cannot sit idle for 12 months or more and hope to hold the economy in Iraq together, let along create stability…now is the time!  As soon as the laws are in place, we will see the transition.
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Poppy3 - I HAVE HEARD SEVERAL TIMES SOME PEOPLE ALL OVER THE WORLD SAY …THEY WILL NOT DO THIS UNTIL 2015.  TO THIS I HAVE TO ANSWER WITH THE FOLLOWING FACTS:  AS OF YET I DON’T THINK IT WILL WAIT TILL 2015.  SEVERAL REASONS ABADI AND JUBOURI TOLD ALL OF THEM LAST MONDAY THERE WILL BE NO HOLIDAY BREAK TILL ALL ISSUES ARE SETTLED.  IF YOU HAVE NOTICED THEY HAVE NOT TAKEN ONE BREAK SINCE ABADI BECAME PM. HE IS A WORKER AND HAS SAID WE HAVE A JOB TO COMPLETE AND WE WILL NOT TAKE A BREAK TILL IT IS COMPLETED. IF THEY CAN GET ENOUGH DONE AT ANYTIME FOR THE RV IT MATTERS NOT WHEN ACCORDING TO DATES THEY WILL RELEASE.  BOTTOM LINE NO ONE CAN SAY WITH ANY FACTS OR ANY CONFIDENCE WHEN THEY WILL REACH THE STATUS NEEDED FOR THE CBI. I HAVE ALWAYS SAID WATCH THEIR ACTIONS NOT LISTEN TO THEIR WORDS AND THEIR ACTIONS SHOW WORK –GET THE JOB DONE EVEN BEFORE ALL SCHEDULED BREAKS. 
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home7

Iraqi Dinar/Dollar auction 12-02-14

Currency Auctions Announcement No. (2832)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                13
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               149,353,000
Total offers for buying (US$)                           149,353,000

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

MARKET RATE – 1197!!!

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GURUIntelEXOGEN - THE KURDS HAVE WHAT THEY WANT.   YESTERDAY THE ONLY NEWS THAT HAD ANY MERIT WAS THE SALARIES BEING PAID WHICH SHOULD START TODAY AND THE KURDS WANTING 3-5% INCREASE WHICH IS THE HCL.  LOOKS LIKE THE FINAL AGREEMENTS HAVE BEEN REACHED…THE KURDS GETTING WHAT THEY WANTED TURNED THE SNOW MACHINE ON FULL BLAST-YES.  GOI + HCL = RV.
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Backdoc - WE MAY NOT SEE INK ON IT BUT I BELIEVE THEY WILL PASS THE BANKING REFORM LAWS PRIOR TO ANY OTHER IMPORTANT LAWS OR AT THE SAME TIME IN THE ONE BASKET AS THEY HAVE STATED!

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Poppy3 - …IN REGARDS TO THE 2014 BUDGET,  IT WAS SATISFIED AND APPROVED COMPLETE THREE WEEKS AGO.  THERE WERE SEVERAL NEWS ARTICLES THAT CLEARLY STATED THEY WERE COMPLETING AND FUNDING SOME FEW PROJECTS THAT WHERE ALREADY STARTED AND FUNDED WITHIN THE 2014 BUDGET WITH BORROWED MONIES AND ALL REMAINING PROJECTS WOULD BE MOVED TO THE 2015 BUDGET FOR PASSING AND THE 2015 BUDGET

(THIS WAS A EFFORT TO SPEED THINGS UP) WOULD BE AMENDED AND APPROVED IN THE NEXT COUPLE WEEKS. THOSE WEEKS HAVE PASSED AND THE 2015 BUDGET IS IN THE PM HANDS TO BE VOTED ON THIS WEEK. 

…ITS BEEN A LONG TIME GETTING HERE BUT I DON’T KNOW HOW THEY COULD MOVE FASTER THAN THE HAVE IN THE LAST FEW WEEKS THAN THEY HAVE.   ABADI IS REMOVING OBSTACLES EVERY DAY AND MOVING IRAQ FORWARD IN FINANCIAL REFORM TO EXPLODE THEIR ECONOMY. JUST WATCH AS THIS GUY BRINGS IN OUR HARVEST.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Aggiedad77 - Even though just a few years ago we were hoping for oil to hit $100/barrel…it makes sense that as the price of oil falls, the Iraqi’s will need to offset that in some manner…raising the rate would seem to be that solution.
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Backdoc - Article quote:  “Iraqi Prime Minister Haider al-Abadi vowed on Sunday in front of the House of Representatives to complete the 2015 budget within 10 days, indicating that the government’s delay in approval was due to falling oil prices.”    IMO, THE LOWER THE OIL PRICE GOES IN THE BUDGET, THE HIGHER THE RATE OZ WILL GIVE! HOW LOW WILL OIL GO? MMMMM.  MAYBE A BETTER QUESTION IS HOW HIGH DOES THE EMPIRE WANT THE DINAR?
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Stryker - US Today quote:  “U.S. light crude (West Texas Intermediate)   fell 10.2% to $66.15, while Brent crude dropped 3.4% to $70.15 for the day. Analysts predicted the benchmarks could fall further next week when traders return from the Thanksgiving holiday weekend.“   Parliament session saw no budget presented today due to the falling oil prices in the world, and the possibility that they will continue to drop further.  A special committee had to be formed by PM Abadi to make sure that the budget can withstand further decline. This is not what we wanted my friends but what is in fact the reality, and since Iraq depends 95% on oil to make up it’s GDP a real concern has stopped today’s deliver by PM Abadi of the 2015 Budget to parliament.  

Speaker of the House, Salim al- Jabouri, adjourned today’s session and this parliament’s legislative sessions until early next year but they are ready to call an extraordinary session when the budget is ready to be presented to parliament.  PM Abadi has given this new committee 7 – 10 days to discuss the oil prices affect on the 2015 Budget, ratify it if necessary and have it ready for parliaments approval.  Keep in mind, a 10 day delay is much better than a 30 day delay.

In other news, Kurdistan PM Barzani arrived in Baghdad to go over all outstanding issues, and hopefully sign the long term deal that has been weighing heavy on the country of Iraq for many years.  This tells me that they are wanting to get the HCL completed, in the interim of the budget arrival and passage.  A real consensus is there to complete all outstanding issues with all provinces and pass many of their stalled laws but the agreements between Kurdistan and all the other provinces must be in place first…chin up and remember, Iraq (I mean) Rome wasn’t built in a day.

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home7

Iraqi Dinar/Dollar auction 11-30-14

Currency Auctions Announcement No. (2830)

This daily currency auction was held in the Central Bank of Iraq on the 30-Nov-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$)               149,354,000
Total offers for buying (US$)                           149,354,000

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

MARKET RATE – 1197!!!

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Millionday - AS WE KNOW THEY HAVE BEEN HAVING MANY ECONOMIC MEETINGS… – IT WAS CHAIRED BY THE GOV OF CBI AND ALSO ADDRESSED HUGE ISSUES THAT ARE OF GREAT CONCERN WITH THEIR ECONOMIC REFORM.   ABADI IS GIVING A SPEECH…ABOUT THEIR ORDERS FOR THE OPENING TO A MARKET ECONOMY DUE TO THE ACT OF TRANSFERRING FUNDS ABROAD… ABADI CALLED THE CBI AND ASKED FOR THEM TO GO OVER ALL THE BANKING LAWS EVEN THOUGH THEY CAN NOT BE CHANGED YET DUE TO THE ZERO CURRENCY IS NOT CHANGED YET BECAUSE THE SUITABLE CIRCUMSTANCES IS WHEN THE ZERO CURRENCY IS REMOVED.

THIS WILL BE ALL AT THE SAME TIME AS THE NEW LAWS DONT APPLY TO THE OLD CURRENCY AND BANKING…THE NEW LAWS APPLY TO THE NEW DEVELOPED ECONOMY OF IRAQ.  NO ONE SAID…WHEN IT WILL BE APPLIED BUT THEY WERE SAYING THAT THEY NEEDED THEM TO BE GONE OVER TO BE PREPARED.  THE ECONOMIC COMMISSION HAS ANNOUNCED TO THE COUNTRY OF IRAQ AND THE WORLD REALLY THAT THEY ARE DONE AND READY AND WANT THE PARLIAMENT OFFICIALS TO GET IT ROLLING… THEY WANT IT MOVED THROUGH WITH NO CONFLICTS.

TONIGHT [SATURDAY] THEY FINISHED THE DISCUSSION OF THE 2015 BUDGET AND ABADI IS BRING IT WITH HIM TO PARLIAMENT IN THE MORN…ALSO THE FIRST READING WILL ALSO BE DONE FOR NEXT YEAR`S BUDGET THIS MORNING. THE ONLY WAY THEY CAN FORM THE PREPARED 2015 BUDGET IS WITH THE 2014 BUDGET DONE — THE REASON I CAN SAY THAT IS DUE TO THE WAY THEY ARE DOING THE TWO BUDGETS — …IT WOULD BE IMPOSSIBLE FOR THEM TO BE DONE AND SENDING IT TO PARLIAMENT FOR THE FIRST READING TOMORROW WITHOUT THE 2014 BUDGET COMPLETE.
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Aggiedad77 - Monday should prove to be exciting…but I’m thinking that also tomorrow [Sunday] should be exciting in what we see PM Abadi do with Parliament…what he says….and how they react.  My prediction for tomorrow is that we will be staring at a very “close to final” budget that may only require a few tweaks to come to a quick resolution.
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Kaperoni - Article:   “Ihsanoglu: the budget will reach Parliament tomorrow and legislative vacation until approval“   Knowing Iraq, it will come to parliament on Monday.  But it looks like parliament will stick around and vote on the 2015 budget starting next week As for any other laws, we will have to wait and see.
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home7

Iraqi Dinar/Dollar auction 11-29-14

Currency Auctions Announcement No. (2829)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                11
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               105,151,000
Total offers for buying (US$)                           105,151,000

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

MARKET RATE – 1197!!!

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tlm724 - Press Release:  “Decision of the House of Representatives: tomorrow will see the arrival of the budget to the House of Representatives.  November 28, 2014  Said the House of Representatives decision of the Attorney Niazi architecture Ihsanoglu that tomorrow will see the arrival of the budget to the House of Representatives, referring to the cancellation of legislative recess of Congress until the budget approval”  this is hot off the presses at parliament!  that is a press release from parliament not some news source.  tomorrow will see the arrival of the budget to the House of Representatives, referring to the cancellation of legislative recess of Congress until the budget approval Circle Media 11/28/2014.   hot dayum! The legislative break is canceled until they finish the budget , we have a budget!!!  

the Prime Minister will attend on Sunday to the House of Representatives hearing to provide Budget to be done first reading in the same session.“   Abadi will be there tomorrow Sunday to do the first reading…committee meets then to be followed by a session of the House of Representatives held to read the federal budget…that is it in a nutshell *hallelujah*.
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tman23 - Parliamentary source told Iraqi News “The parliament has lifted its regular session of today until next Sunday.” …….  PARLIMENT HELD IT’S SESSION TODAY…..ALL TOP KURD DELEGATES ARE IN BAGHDAD SUNDAY…….ABADI, MASSUM, JABOURI WILL BE MEETING WITH THEM…..IT TAKES MASSUMS SIGNATURE TO INITIATE THE FEDERAL BUDGET……THEY ARE ALL IN ONE ROOM SUNDAY !!
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WMAwhite - Just my opinion…it appears everything is picking up speed…all things   …keep in mind while we are looking at the political happenings major trade agreements are moving forward…Iraq is seeking to activate bilateral trade with member states of the Arab and international economic organizations…
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Abadi: the banking sector will see significant changes

Assured Prime Minister Haider al-Abadi, Saturday, that the banking sector in Iraq will see significant changes in the coming period, stressing the need for the banking sector plays a role in supplying the labor sector.

Ebadi said in the speech, delivered during the second Iraqi banking conference attended by Agency / information /, “The banking sector in Iraq will witness a large and significant changes in the coming period,” he said, adding that “these changes may be painful for some.”…

Read More: http://dinarupdates.com/blog/
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BGG - Article quote:   ”…Presidencies Abadi, and al-Jubouri, a decision to expel Midhat al-Mahmoud of the head of the Iraqi judiciary…“   I don’t see how any rational investor can be upset with where we are right now.  This is probably the biggest news in months.  Major implications here – all three presidencies agreed to remove the highest judge in Iraq…consequently, the most corrupt and one of Maliki’s main tentacles of influence (in the judiciary)…Medhat being gone pretty much seals Maliki’s fate – but on the positive side, it portrays Jubouri (a Sunni), Massoum (a Kurd), and Abadi (a Shia) all agreeing on what could be a contentious issue. They acted quickly and in solidarity…longterm – this looks not-so-good for Iran…great for Iraq.  I will be shocked if Maliki stays out fo jail for 2 more weeks. This is a MAJOR shake-up.

Article quote:  “Office of the Prime Minister Haider al-Abadi said the Cabinet approved the draft amendments to the proposed budget in preparation for submission to the House of Representatives on the evening of Saturday, pointing out that it will be after the Board shall have a second review…“  Cabinet approves amendments to the draft 2015 budget…Sounds like the 2014 and 2015 budgets are very close… Quote:  “Parliament rapporteur: the arrival of the budget is imminent and there is no holiday quarterly“  Budget soon – NO HOLIDAY. Worky worky gang!!  to wrap things up quickly - these items and Abadi asking for support to arrest Maliki for treason…and – Saleh being appointed as Abadi’s financial advisor saying “they are determined to apply the laws of economics…“  How in the world can anyone honestly say nothing is going on??? 
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Stryker - …article…from the National Iraqi News Agency…MP of the Citizens Bloc, Hashim al-Moussawi said that the House will extend its legislative term. This extension to approve the 2015 Budget just picked up our time-frame of the dinar revaluation by months folks!   Also, today we found out that Iyad Allawi was behind the movement to help former governor of the Central Bank of Iraq, Dr. Shabibi return to Baghdad. The Iraqi Judiciary has issued a resolution to cancel the arrest warrant against Sinan al-Shabibi.  It would just be fitting if Shabibi returned to take he’s governorship back, right in time, to see he’s project thru...   

Keep in mind that both governors since he was unlawfully accused have held their positions in proxy and are just acting governors which were put there by Maliki. Under the CBI Laws the Governor and other board members are nominated by Appointing Authority and confirmed by the Legislature and not by the Prime Minister himself. FYI, Shabibi could still be the governor unless he’s term has expired, hence the word acting governors.  Is it a coincidence that the budget, economic reform, the house extension and Dr. Shabibi’s return to Iraq are all coming together at the same time? I think not, I believe that Shabibi will see this through and  has been communicating with the board of directors under an advisory position ever since he was accused.
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tman23 - Parliament reporter, Mimar Oghlo, said “The political blocs reached an agreement over endorsing the Budget Law of 2015 before the end of 2014. He stated in a press statement “We expect receiving the Budge Law today or tomorrow from the Government.” …….  BIG CAT AND MOUSE GAME……ZEBARI ALREADY ANNOUNCED THE AGREEMENT OF 17% OF THE BUDGET FOR THE KURD REGION……… THEN HE ANNOUNCED THE BUDGET IS 135 BILLION ……THEY KNEW THEY WERE GOING TO RUN A DEFICIT AND WERE TRYING TO KEEP IT BELOW 25 BILLION…….KIND OF COINCIDENTAL THE NUMBERS SEEM TO WORK AROUND THE $1.13 SIGR REPORT
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Dinar Updates retweet

Official #Iraq parliament report says PM Abadi will present 2015 annual budget for 1st reading tomorrow Sun

http://alliraqnews.com/2011-04-18-02-57-37/157545-2014-11-29-13-05-18.html …

Read More: http://dinarupdates.com/blog/
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Kaperoni - Article: ”Deputy for the law: the political blocs agreed to pass the budget“   Passing a budget for 2014 means nothing to the dinar.  Remember, 95% of Iraq’s revenue is oil which means its paid in dollars.  And the budgets are based on dollars.  That being said, we are getting closer, but again…laws need to be passed, stability needs to take hold not only in the new government, but the removal of ISIL.  Once that happens, I am sure sometime next year the CBI will begin the transition to Article VIII to support the market economy.  I assure you, nothing is going to happen the remainder of this year.
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tlm724 - the “new” economic reform is a perfect strategy for Iraq , it’s a solid plan based on the opinions of some very smart people, it is constructed off the recommendations of the IMF and the World Bank!  …again we know this banking conference coming up put on the Private Assoc. of Banks is going to make a difference of their integration into the world and we know for a fact that the banking laws will open them up worldwide…they have the electronic system in place that links them to the world too!  Membership of the WTO usually takes a long time (5 to 7 years)…well Iraq is around 10 years now.

The timing of the accession to the WTO would also coincide with laying down the economic foundations of a free, federal, and democratic Iraq…with the recent changes in the GOI this is very close.  Iraq is getting ready to implement the HCL which will move them into compliance when this does become part of the negotiations.  they are updating how governance is done, they are setting the stage right this very minute! All the things that needed to done for Iraq to join the WTO as a full member are being accomplished!  imo, when we see the laws and rules for trade and protection amended they will go forward with their accession, the foundation is set!  …this just shows how very far they have come and how close they are to compliance, a lil nip and tuck and they are on their way.
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Bulldog75 - IMO- WE WILL SEE OUR CE, WHEN CHINA QUITS ITS BUYING OF THE METALS AND PUSHING OIL TO IT’S LOWEST.  THE QUESTION IS : WHATS THE LOWEST PRICE CHINA CAN PUSH COMMODITIES?  SO LET’S HOLD ON TO OUR BRITCHES OVER THE WEEKEND,  THE LOW END OF THE METALS/COMMODITIES WILL , IMHO, HAPPEN DURING THE HOLIDAYS OF THANKSGIVING THRU THE NEW YEAR.  THE CE WILL FLASH WITHIN 24 HOURS OF THE LOWEST STATE OF THE COMMODITIES CHINA BUY OUT.   

ITS SIMPLE ECONOMICS…JUST KNOW WE HAVE TO SIT AND WAIT A FEW DAYS OR WEEK MORE UNTIL CHINA BUYS OUT THE COMMODITIES OF THE WORLD.  LOOK FOR GOLD TO DIP, IMHO, BELOW $1100 AND SILVER BELOW $15 BEFORE/PRIOR WE SEE THE CE; OF COURSE THAT COULD HAPPEN ANY HOUR OR ANY DAY. WE ARE SEEING HISTORICAL PRICES NOW RIGHT BEFORE OUR VERY EYES IN OIL, GOLD, SILVER . WATCH THE COMMODITY MARKETS CLOSELY. THIS IS A MAJOR KEY TO OUR CE/GLOBAL RESET.
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Frank26 - …many articles…clearly shows the need for many banking laws that Parliament has already passed…The passing of banking laws to PROTECT an RV that can ONLY come from the owners of the Central Banks is needed.  We have…told you for years now that Dr. Shabibi has been the quarterback of every inch accomplished by the CBI. Turki worked with Dr. Shabibi not to raise the value of the IQD because they have no power to do so but to exemplify to the Central Bank owners that the CBI is now capable of excepting this responsibility.  Articles tell you that Dr. Shabibi came today to defend his accusations from M [Maliki].   I am here to tell you that what they are telling you today was done over two months ago. I bet you if you hadn’t passed these laws months ago S [Shabibi] would not be with you right now…
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Abadi offers a 2015 budget to the House of Representatives

Abadi offers a year’s budget in 2015 to the House of Representatives

Salim al-Jubouri confirmed the Speaker of the Parliament, Prime Minister Haider al-Abadi draft general budget of the 2015 law will be submitted to the House of Representatives tomorrow, Sunday, 11/30/2014.

He said al-Jubouri, the House of Representatives during the session, which was held on Saturday, 11/29/2014: was scheduled to attend the Prime Minister Haider al-Abadi to provide the federal budget for fiscal 2015 at today’s meeting, but the Council of Ministers felt to hold a hearing to complete the budget discussion this evening…

Read More: http://dinarupdates.com/blog/
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WMAWhite - 
Article:  “Presidencies agreement to the dimensions of Mahmoud judicial system“   Quote:  “Presidencies taken Iilat of Bmasom, and Abadi, and al-Jubouri, a decision to expel Midhat al-Mahmoud of the head of the Iraqi judiciary…“  …the head of the Iraqi judiciary appointed by Maliki has been removed.
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Poppy3 - I THINK A REAL MARKET RATE IS STARING US IN THE FACE AND WILL SOON BE POSTED EVERYWHERE. I THINK THIS SUNDAY AFTER ANNOUNCEMENTS AND VOTES SATURDAY WILL PROMPT NEW MOVEMENT TO ATTRACT INVESTORS BUT ONLY WITH THE NEW RATE.
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Millionday - THE ECONOMIC FAIR THAT IS GOING ON GOES TO THE 30TH OF NOVEMBER AND IS WHERE ALL AGREEMENTS ARE BEING SIGNED…THE ECONOMIC FAIR INCLUDES THE CBI AND MANY MINISTRIES THAT HAVE TO DO WITH MARKET WITHIN THE GLOBE AND ALSO THE ACTIVATION OF CONTRACTS THEY ARE ADDRESSING ALL REGULATIONS THAT NEEDED TO BE “ON THE BOOKS” SO THEY ARE CAPABLE OF A SUCCESSFUL REFORM — ADMIN-BANKING — ECONOMIC–PRIVATE…ETC.   I WOULD SAY THAT THE FIRST TWO DAYS WOULD END WITH THE THURSDAY VOTE…ON THE AGENDA FOR THE BUDGET ETC AND THEN THE NEXT TWO DAYS OF THE SECOND MEETING WOULD END FOR SATURDAY TO BE THE LEGISLATION COMPLETION FOR THE ECONOMIC REFORMS WE HAVE READ SO MUCH ABOUT. 

LET ME SUMMARIZE…THEY HAVE SIGNED A TEMPORARY HCL AGREEMENT TO COVER THE FUNDING SIDE OF THINGS – THEY HAVE THE SMART CARDS READY — THE BANKING REFORM LEGISLATION WILL BE VOTED ON SATURDAY… – THE UNITED NATIONS ANNOUNCED THIS WEEK THAT THE IRAQI REFORMS HAVE BEGUN AND CBI HAS MADE IT VERY CLEAR THEY ARE DONE AND READY – THE LAWS THEY ARE VOTING THROUGH DO NOT MATCH OR ARE NOT USEFUL WITH THE CURRENT IMPOSED RATE – THE MANY COUNTRIES THAT HAVE SHOWN UP TO JOIN THE ECONOMIC MEETING THIS WEEKEND ARE SIGNING AGREEMENTS AND CONTRACTS.

THEY HAVE ALSO CALLED FOR THE COUNTRY INCLUDING THE AIRPORT (WHERE THEY HAVE A MONEY EXCHANGE BUSINESS) TO ONLY USE THE IRAQI DINAR – THEY HAVE COMPLETED THE AGREEMENTS FOR RESOLVE WITH KUWAIT AND MANY OTHER COUNTRIES FROM THE MISTAKES OF THE PAST GOI.  THEY HAVE A UNIFIED GOV AND ARE ANNOUNCING THAT THEY ARE REFORMING THE COUNTRY IN ALL ASPECTS PLANNED BEGINNING WITH THE ECONOMIC SIDE OF THINGS.  WE HAVE THE BEST NEWS WE HAVE EVER HAD.
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Aggiedad77 - Of all the news we’ve seen today…I pray that Abadi is able to deliver a 2015 budget to Parliament on Saturday…yes it forces them to postpone their vacation….but then I suspect we will see this Parliament working at a speed that might even surprise themselves at getting this budget passed…This may or may not bring about a change in the value of the IQD…but it should go a long ways in showing/proving to the PTB…that the new Iraqi government is serious about the future well being of their country and are not just doing “all they can to save their country”…but are actually “doing the right things to save their country”…
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From the Office of the Prime Minister

[827]

The cabinet held a special meeting on Thursday evening, corresponding to 11/27/2014, headed by Dr. Haider Abadi, the Prime Minister, to discuss the federal budget for 2015…

…As the general principles underlying the construction budget was discussed, especially in the context of securing a transparent relationship with the Kurdistan Regional Government, local governments, based on the perception of realistic data and financial security, and seeks to address the problems raised during the past years…

Read More: http://dinarupdates.com/blog/
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Stryker - …from the Office of the Prime Minister of Iraq, Haider Al-Abadi. Official Website.  QUOTE: ”The Board has approved after listening to the observations of the members of the Council, make the necessary adjustments to the draft of the proposed budget in preparation for submission to the House of Representatives on Saturday evening after being Cabinet review them again.”   Saturday will be a very telling day for all of us, if the Parliament reads it once our timetable just moved up greatly.
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Frank26 - It is of our opinion that the President of the ISX is due to make an announcement sometime between tomorrow and Saturday that the ISX now has interoperability with all of the global exchanges around the world.  It is possible that he will also briefly announce that Iraq has reached a milestone and a new value to its currency which will be entering global exchange…this is strictly my opinion.
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Stryker - Today Iraq is moving in all the right directions to see economic, monetary and currency reform for their people, and in the very near future. Today PM Al-Abadi announced that he will attend a parliament session scheduled for next week to deliver the 2015 Budget. That’s right, all indications are that Parliament will stay in session until the Budget is passed. If they read the Budget once there will be NO recess until it is passed, NO break in December! 

I also received information that the most important laws will be brought to parliament as well and before the end of the extended sessionThere is a real urgency for Iraq to move forward and back into the international markets. The time is right and the leaders know it. I am told that the people of Iraq feel the urgency, they are now even talking about their dinar being revalued, they feel that there is change coming.
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URGENT: Masum sack Maliki from office

On the back of the chest support him .. .. infallible sack Maliki from office!

URGENT - Masum sack Maliki from office - read detailsParliamentary Kurdish sources in Baghdad said that the President of the Republic Fuad Masum is in an awkward position after the excesses committed by his deputy, Nouri al-Maliki in the past two months, the series and interpreted it out on his job and try to weaken the executive powers in contravention of the constitution, which does not provide for powers or powers to Vice President .

She told those sources ‘infallible President received during the past two days at his home away from the spotlight a number of heads of parliamentary blocs and senior officials and discussed with them to find a legal formula to work vice president of the republic and the necessity of abiding by the tasks Albrootakulah of office and not to be exploited for personal interests and partisan and factional’…

Read More: http://dinarupdates.com/blog/
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Frank26 - This is a fact:  No one can raise the value of the IQD except the Central Banks and those that own those banks.  This is a fact:  Only when Iraq raises the value of their currency and enter the international market will they qualify for Article 8 from the IMF.  This is an opinion of Frank26:  Those that can only raise the value of the IQD have seen almost everything that they want to see accomplished within the MR of the IQD.  Therefore they are encouraged and poised to give this rate to the CBI.  When? I have no idea. But I have been telling you since June that we need a seated government that will pass laws that will allow the powers that can raise the value of the IQD to do so.

…understand that no one except the Central Bank owners can give this rate to the CBI…BUT HUNDREDS OF LAWS NEED TO BE IN PLACE NOT FOR THE MONETARY REFORM OF THE IQD BUT FOR THE PROTECTION OF THE MONETARY REFORM!  THE OWNERS OF CENTRAL BANKS NEED THESE LAWS TO SO IRAQ CAN PROTECT HER CURRENCY, THEIR CITIZENS, THEIR BANKS AND MANY OTHER THINGS.  These owners have been watching all of these pieces come together THROUGH THE PASSING OF HUNDREDS OF LAWS!   If they did not see these laws the dinar would have no chance of seeing a new rate.   I am not saying that these laws are necessary nor the requirements for the MR…I am saying the owners of Central Banks have demanded these laws…and THEY SEE THEM NOW!

…there are between 400 – 600 laws sitting at Parliament at this very moment. These laws have all been approved and passed MONTHS AGO…they only need to be implemented and announced through the Gazette.  The majority deal with BANKING LAWS…how to protect the money the banks and the citizens…this is what the owners of the Central Banks want to see. This is why IMO a new rate is coming to the CBI from these owners.  I want you to keep this in mind too…last week Abadi came out and said that they would finish hundreds and hundreds of laws by the 1st of December 2014.  Then magically or centrally the governor of the CBI immediately states after Abadi’s promise that if the GOI does this by the 1st that the CBI is ready to raise the value of its currency and allow the currency to go on global exchange.
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Kaperoni - I’m not so sure Shabibi was acquitted. More realistically is that he returned and posted bail as some articles say…one article indicates a hearing will occur in December on this matter. I am not surprised that many articles say he was acquitted, just not so sure that is true…yet.
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Adam Montana - [ANY good news on hcl?]   No HCL yet, but I believe it’s going to happen any day now.  [ you said...you thought the HCL would happen by the end of the month. Do you still believe this will happen?]  I can’t stake my reputation on it, but I will say this – it’s a MAJOR possibility.  It’s moving! I don’t have any concrete evidence that it will happen tomorrow or tonight or yesterday, but look at how Chapter 7 unfolded. When that was done, it took EVERYONE by surprise.  To be real, let’s look at the big picture. Here is the no B.S. honest to God Truth: this could drag on for years. Don’t bet your rent or mortgage money on Iraq.  But the other side of the coin is that we are in a situation that has so much potential I’m literally bursting at the seams trying to find the words to explain how excited I am. 
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Backdoc - WE HAVE KNOWN FOR SOME TIME NOW THAT HCL, AS WELL AS, OTHER IMPORTANT LAWS APPEAR TO BE DONE AND WAITING IN THE WINGS FOR A RUBBER STAMP VOTE OR AT LEAST PUBLISHED IN THE GAZETTE!  WAITING FOR WHAT IS THE QUESTION?  WHAT IS THE KEY OR THE ANSWER TO THE DINAR TAKING VALUE?  …I DIDN’T CATCH THIS EARLIER, BUT I SAW THAT THE BANKING ACT WAS NOT COMPLETE YET!  WHO IS IN CONTROL? RIGHT, OZ!!  (Oz=IMF, WORLD BANK, U.S.TREASURY, AND CBI)  THE BANKING ACT WILL INSURE THAT THE CBI WILL REMAIN INDEPENDENT WITH NO!, AND I MEAN NO! INTERFERENCE FROM THE FINANCE COMMITTEE OF THE PARLIAMENT!  THE CBI HAS DRAWN A LINE IN THE SAND…DON’T CROSS THAT LINE!  WELL, MALIKI AND HIS GOONS BREECHED THAT RED LINE MANY TIMES IN THE PAST!

LOOK AT THE NEWS!! DR. SHABIBI, (THE FORMER CBI GOVERNOR) AND DR. ALLAWI (THE FORMER FINANCE MINISTER) WERE ACQUITTED!  GUYS, IT HIT ME LIKE A TON OF NEWLY MINTED GOLD COINS FROM THE CBI.  A RATE WILL NEVER HAPPEN UNTIL THAT RELATIONSHIP IS PROPERLY ESTABLISHED!!  MY GUESS IS IT WILL BE DONE THIS WEEKEND!!  OZ WILL TELL PARLIAMENT WHEN TO OFFICIALLY PASS THOSE IMPORTANT LAWS.  THEY GOT US TO LOOKIE, LOOKIE, OVER HERE AT THE LAWS (ESPECIALLY HCL) WHEN IN PLAIN SIGHT THEY REALLY WANTED THE PARLIAMENT TO SUBMIT AND PASS THE BANKING REFORM LAW!  BINGO!

THE ANSWER TO WHEN THIS HAPPENS NOW LIES IN SEEING THE PROPER SEPARATION AND CONTROL THAT OZ REQUIRES!  BASED ON THE PROGRESS WE HAVE SEEN EVEN AS LATE AS THIS WEEK, WE KNOW LAWS ARE NOT THE ISSUE EXCEPT FOR THE BANKING ACT AS I MENTIONED!  THIS IS THE KEY AND THE ONLY KEY AT THIS POINT!  THE TIMING OF THE RATE LIES WITH OZ AND ONLY OZ!  IMO.  WHEN HE IS COMFORTABLE WITH HIS RELATIONSHIP AND CONTROL,  THIS WILL FLY MY FRIENDS!!  I WOULD NOT BE SURPRISED TO SEE THIS ADDRESSED THIS WEEKEND! IF SO, ANYTHING IS POSSIBLE AT ANY TIME!  ONCE OZ IS COMFORTABLE WITH HIS CONTROL HE WILL PULL BACK THE CURTAIN FOR ALL TO SEE AND BY MAGIC ALL THOSE LAWS WITH DRAMA WILL BE DONE WITH AN IMMEDIATE VOTE!  IRAQ WILL THEN BE ON IT’S WAY TO BEING THE LONELIEST CURRENCY IN THE WORLD, NUMBER 1!
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Stryker - Article Quote: ”The prime minister will visit Baghdad soon, although the date is not specified; but it is close.“  It sure looks like Barzani will be heading to Baghdad soon for the signing of the official Oil & Gas Deal. It’s all coming together folks!
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WMAWhite - IMO…the CBI will change the staus of the IQD when it is ready…when it has what it needs in place (worldwide). Remember, the CBI is working with numerous financial entities around the globe to do this.  Remember, the IQD will be a product of Iraq and the CBI is the store. Through all of these trade agreements that Parliament has been signing is lining up the eventual customers that the CBI will need to help strenghten the IQD.  I look at what we see today and compare it to 4 1/2 years ago and this is great. What we don’t hear is the fact that Iraq still has foreign companies coming into Iraq to do business. They know what is coming. Growth.
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home7

Iraqi Dinar/Dollar auction 11-27-14

Currency Auctions Announcement No. (2828)

This daily currency auction was held in the Central Bank of Iraq on the 27-Nov-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$)               172,768,000
Total offers for buying (US$)                           172,768,000

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

MARKET RATE – 1198!!!

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Adam Montana - The longer you’ve been holding dinar, the more likely you are to really “get” the fact that we don’t know what the future holds. You understand that dates are pretty much meaningless to the Iraqi Dinar, and you understand that we just have no way of knowing exactly when ANYTHING might happen.  Chapter 7 took a long time, but when it finally hit - it hit FAST.  We saw a heated battle between Ayad Allawi and Maliki on more than one occasion. We saw Allawi threaten to sue, claiming corruption was the reason for his loss in that political battle…but nothing happened, and Maliki retained the seat, and Iraq went nowhere.  The GOI was stagnant, moving nowhere under Nouri al Maliki. Finally, just recently, Maliki was tossed (kicking and screaming) from his long standing place of power, and replaced with a new PM – Dr. Haider Al-Abadi.

Since September we’ve seen a flurry of action out of Iraq – Parliament has met and actually done things ahead of schedule in some cases, which was completely unheard of for the last 10 or more years! We’re seeing some incredible progress on the HCL – more positive news on that is coming out of Iraq than EVER before. It’s coming, and soon!  Once the HCL is complete, there is pretty much NOTHING left to hold Iraq back. The HCL is the key to letting Iraq take that final step towards being a fully functioning, well “oiled” machine. When the HCL is in place, with Abadi actually bridging the gap between the Sunnis and the Shiites, the CBI will have no reason left to delay raising the value on the Iraqi Dinar… and that, my friends, is when we all say “CHA-CHING”!  
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Administrator Bob - Article:  “Allawi and al-Shabibi return to Iraq to prove their innocence“    Rumors of the return of former Central Bank Governor Sinan Al Shabibi appear true today. Stories are surfacing of an acquittal of all charges. 
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Millionday - THEY CAN APPLY CHANGES TO THE REALITY RATE FOR TRADE AT ANYTIME THEY WOULD LIKE — CBI IS INDEPENDENT AND HAS THAT JOB.  [the Iraq airlines now need to use Iraq Dinar, and other companies...I understand they do not have much dinar left so it means they have to RV soon?]  THEY HAVE A LOT OF DINAR — THE PROBLEM IS THAT THEY ARE TRYING TO REMOVE THE DAMAGED AND HAVE REPORTED THAT THEY ARE GOING TO BE USING COINS AND SMALLER DENOMINATIONS SO THE DENOMINATIONS THEY HAVE IN THE HIGHER VALUED THEY HAVE NOT PRINTED A LOT OR AT LEAST NOT ENOUGH TO “PAPER” THE COUNTRY.

THE BANKING REFORM INCLUDES ELECTRONIC BANKING — ATMS — DEBIT — SMART CARDS — WIRE TRANSFERS AND THE LIST GOES ON SO THE ONLY LEGAL TENDER THEY HAVE IS EXPANDING TO OTHER RESOURCES — PLASTIC — WIRING — PAPER – COINS — LOANS—- THE REFORMS AND AMOUNT OF DENOMINATION WILL NOT APPLY AT THE IMPOSED RATE THEY ARE USING RIGHT NOW AND IT IS NOT A REALITY RATE EITHER — SO A FAIR MARKET VALUE OF THE DINAR WILL BE APPLIED FOR THE ECONOMIC REFORMS…PAPER CURRENCY IS NOT THE ONLY TENDER THAT MOST ALL COUNTRIES HAVE.

[Fair market equals revalue?]  FAIR MARKET VALUE MEANS THE REALITY RATE – AS IT IS CALULATED FOR GLOBAL TRADE WITH ALL COUNTRIES.   [what are THEY waiting on before they RV...in other words what do they have to see before they pull the trigger?]  I DONT SEE THAT THEY ARE WAITING ON ANYTHING — WE JUST DONT KNOW THE DATE — IT APPEARS THAT THEY ARE PREPARING THE BANKING REFORM.   KNOW WE ARE IN A GREAT PLACE AND ALL OF THIS IS IN THEIR MEDIA TO THE CITIZENS.
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Dinar Talk INFO Call

BGG & Poppy – from Nov 25th

Click-N-Listen

Smart phone user link – Click here

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Stryker - Article:  “Economic parliamentary:  “consensus” Cabinet will arrive “budget” to Parliament” Quote: “the possibility of sending the budget by the government to the House of Representatives before the end of the month to read and vote on them.  Parliament Extension Could Really Be Here Soon…It sure looks like the Budget may make it to Parliament before the end of the month and be read, extending this session until it is voted on and passed. 
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tman23 - I was told…that in Iraq “financial resource centers” usually open at 7:30 am and close 3;30pm….Today notices are on doors that they open at 8am and will be operating extended hours to 11;30 pm…This is confirmed!!    Don’t know hours of operation tomorrow etc…but they are working double shifts today…People in Jordan and Lebanon have cards loaded with salaries but cannot get money and cannot travel to Iraq…so I suspect that this may have to do with the Mastercard being accepted outside of Iraq to ease the burden on displaced citizens…I know they said the limit of cash per day on transactions is $3,000 per day cash withdrawal…$4,000 internet purchases…and 10,000 in Iraq marketplace…so this is using a “card”…(not necess…a Qi card).
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Kaperoni - Breakings news…Shabibi may have been acquitted of the charges and prison sentence. More later.
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My Ladies - THE HCL…OH MY GOSH…THIS LAW IS NOT THE SALVATION OF IRAQ.  IT IS IMPORTANT BUT …THERE ARE OTHER LAWS OF EQUAL IMPORTANCE AND THEY DIRECTLY AFFECT THE BANKING SYSTEM.   IT WAS ALREADY DECIDED THAT THE GOI WOULD NOT INVENT NEW LAWS, WOULD NOT WRITE NEW LAWS INTO THE CONSTITUTION…THAT THEY WOULD JUST GO WITH THE ORIGINAL OIL AND GAS LAW OF 2007 WITH MORE MUTUALLY AGREED UPON NUMBERS BETWEEN KURDISTAN AND GOI INSERTED. 

THE CBI HAS A STRATEGY IN PLACE. THE CBI IS WHERE THE KEY TO OUR INVESTMENT IS.   NOW UNDERSTAND PLEASE OIL AND GAS HAS ITS PLACE AND SO DOES THE AIRPORT AND THE EXCLUSIVE USE OF DINAR AND YES THE ECONOMIC REFORM, BUT IT ALL STARTS AND STOPS WITH THE CBI.  AND WHAT DOES THE CBI CONTROL? THE BANKING SYSTEM, BOTH PUBLIC AND PRIVATE.   AND WHAT IS NECESSARY TO KEEP THESE BANKS OPERATIONAL AND MOVING INTO THE NEW MONETARY SYSTEM? INTO THE NEW INTERNATIONAL SYSTEM?  AN INFRASTRUCTURE AND LAWS.

OUR OPINION IS WITH OUT BANKING BACKBONE OIL AND GAS HAS NO WAY OF BEING OPERATIONAL.  IRAQ IS GOING THROUGH A TOTAL REBIRTH.  WE NEED TO MOVE WITH THE PROCESS NOT TRY TO TURN THE PROCESS INTO WHAT WE WANT IT TO BE. IS OUR INVESTMENT SOUND? IN OUR OPINION…YES IT IS!   THERE IS A HUGE STRATEGY IN PLACE…AND HAVE A PLAN.  THAT PLAN WAS NOT CONSTRUCTED TO FAIL.
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Follow us on twitter @DinarUpdates !!

Stop in for “NEWS TIME” with Millionday – Sunday evening on CHAT at 7:30pm EST!!

www.DinarUpdates.com - save as favorite!!
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Millionday - TODAY  [MONDAY] THE NEWS IS THAT THEY HAVE CALLED FOR ALL BANKING AND ECONOMIC LEGISLATION TO BE ACTIVATED/PASSED OR WHATEVER IT TAKES TO PUT IN PLACE — THIS IS LOCAL BANKING AND GLOBAL AND TO GO GLOBAL FOR THE MARKET.  THIS LEGISLATION…AS FAR AS LAWS WENT AND TOLD US IN INK THAT IT WOULD COME IN THREE PHASES — THE FIRST IS ECONOMIC.   TOMORROW  [TUESDAY] WE HAVE NEWS OF A HUGE HUGE MEETING TO BEGIN AND ALL ABOUT IRAQ ECONOMICALLY AND FOR TRADE WITH MANY COUNTRIES.   THEY ARE SAYING IS THEY ARE HUSTLING TO GET THE PRIVATE BANKS UP TO THE PLACE THAT THE INVESTMENT BANKS AND GLOBAL BANKS ARE AT THIS POINT WITH THE DEVELOPMENT AND BANKING REFORM SO THEY TOO WILL BE MAKING REVENUES AS THEY SHOULD AS SOON AS POSSIBLE.  

THEY ARE WORKING TO GET PAST BANKING WORKERS AND PRESENT TRAINED IN GLOBAL BANKING ETC.   THEY ARE NOT ONLY MEETING TOMORROW AND IN PARLIAMENT TO PASS ALL THE LEGISLATION THEY HAVE FOR BANKING FOR IRAQ BUT ARE ALSO PASSING THEIR GLOBAL BANKING LAWS AS WELL FOR INTERNATIONAL COMPLIANCE. THE UN ANNOUNCED PUBLICLY — THE IRAQI REFORMS HAVE BEGUN…NO LIST OF WHAT LEVELS BUT OBVIOUSLY THE BANKING ANYWAY.  THE PRESIDENT HAS MADE IT VERY CLEAR THAT THEY ARE WILLING AND WANTING TO OPEN TO THE ENTIRE GLOBE WITH ITS ENTRY — THEY ARE WELCOMING ALL THAT THEY CAN WITH THEIR INTERNATIONAL RECOGNITION.  WE ARE IN A GREAT PLACE AND IRAQ IS MOVING FORWARD…

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Bondlady - Article:  “Saleh: The government is determined to apply the laws of economics“  they passed some laws but couldn’t open them cause it needed other laws to go with them to make them work right…so many of these laws are connected to each other in some way or form…you couldn’t just activate 1 with out activating most of them. Shabibi told them for years these laws had to be done before he would change the rates…
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Backdoc - AS WE ALL KNOW BY NOW, THE WORK ON HCL HAS BEEN DONE FOR AWHILE NOW, SO WHY NOT BRING IT OUT AND APPLY THE LAW? BECAUSE OTHER IMPORTANT LAWS NEED TO BE READY TOO!  BASED ON TODAYS ARTICLES IT APPEARS THAT WE ARE COMING TO THE END QUICKLY.  WHAT BETTER WAY COULD YOU CONCLUDE THE INTRODUCTION TO THE RULE OF LAW AND THE IMPLEMENTATION OF ALL THE OTHER LAWS WHICH WILL ACTIVATE THE PRIVATE SECTOR, AND IMPLEMENT THE MONETARY REFORM?  ANSWER! A DAY OF NATIONAL RECONCILIATION! BY THE WAY I BELIEVE THAT IS SLATED FOR THURS. IF I REMEMBER CORRECTLY!  COULD THE CONCLUSION TO THE AMNESTY LAW ALSO BE THE BEGINNING OF A NEW IRAQ?  JUST A THOUGHT SINCE THEY SAID THEY WOULD DO ALL 4 OF THE IMPORTANT LAWS ALL AT ONCE!

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Deputy Liberal: Parliament does not need legislative holiday

Information / special / .. MP for the Liberal bloc Hadi Dalimy, Sunday, that the House does not require a legislative holiday, but continuous work for the adoption of important laws…

Read More: http://dinarupdates.com/blog/
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Frank26 - IMO, the HCL (hydrocarbon law) is done…the HCL only needs to be implemented, it’s done, passed and ready to go…   The HCL = The End, IMO  …laws are needed to complete the MR, (Monetary Reform) and we have been seeing evidence of these laws...  There is a meeting in Turkey that is extraordinary, bringing all the parties together to finish the MR, and we may see the parliament do something with laws tomorrow [Tuesday], but if not, don’t be discouraged, it’s coming.  The citizens know what is happening and what is coming…the businesses coming in to Iraq know it also, and the whole world knows it.
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Stryker - 
…Member of Parliament, Hadi Dalimy…announced that the House does not require a legislative holiday and will continue to work in adopting the important laws through December. This is what needs to be done if they/we have a chance to see the RV take place January 1, 2015.   Parliament will be back in session tomorrow [Tuesday], reading more important laws which will help Iraq regain global status.
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Millionday - Article quote:  “The director of the Department of Foreign Economic Relations at the Ministry Hashim Mohammed Hatem said in a statement that he “will be on the sidelines of the meeting schedule the views and proposals and comments to member states, to expand environmental trade between the member states of the Organization of Islamic Cooperation…“    …THIS IS NOT A RUN OF THE MILL MEETING – THIS IS ALL ABOUT THE SIGNING OF INTERNATIONAL AGREEMENTS — SIGNING...   OBVIOUSLY THIS IS THE AGREEMENTS OF THE IRAQ AND THE MEMBER STATES OF THE ISLAMIC COOPERATION ORGANIZATION.   IT IS A VERY EXCITING TIME RIGHT NOW…
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Abadi asked support from the US ambassador to keep al-Maliki for imprisonment of corruption cases

I learned ‘news agency’ of reliable Iraqi sources that Iraqi Prime Minister Haider al-Abadi complained to the US ambassador in Iraq, Stuart Jones from his predecessor, Nuri al-Maliki’s attempts to topple the government and undermine the war against ‘Daash’.

She explained close Abadi Office sources told the ‘News Agency’ The Abadi said the US ambassador to al-Maliki took advantage of his influence in the Iraqi judiciary to issue a rule execution of former Iraqi MP Ahmed al-Alwani Anbar province…

Read More: http://dinarupdates.com/blog/
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Aggiedad77 - If ever Iraq were on a “fast track” with anything…It appears they are attempting to “fast track” the HCL All parties…and I mean “all parties” seem to have a vested interest in success.  I can’t recall if we’ve ever seen such a focused effort on anything this positive across Iraq.
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Millionday - THEY ARE CALLING FOR THE MARKET ECONOMY AND THE OPENING TO THE GLOBE WITH THE DINAR SET FOR TRADE.  THEY OF COURSE PLAN TO USE THEIR BANKS IN THE DEVELOPMENT AND HAVE ALSO DEVELOPED THEIR STATE BANKS WITH THE HELP OF THE WORLD BANK.  Quote:  “The committee is working on legislation to restructure the banks and government Rafidain and Rasheed to free them from the domination of the Ministry of Finance and imbedded two major banks competitors for local and foreign banks law,” adding that “this project will be submitted to the Presidency of the Parliament in the next few days for discussion and voting on it.”  THIS IS NOT JUST BANKING LEGISLATION BEING FINALLY PUT TO LAW BUT ALSO THE FOREIGN BANKING LAWS AS WELL – HUGE. 

…10 FINANCIAL INSTITUTIONS HAVE RECENTLY MET THE CHALLENGE OF COMPLIANCE INTERNATIONALLY WITH ALL THEY HAD TO DO – THEY WERE LISTED ON THE ISX SO MANY ARE WORKING HARD TO BE ABLE TO GROW AS WELL DUE TO THE OPENING OF IRAQ TO THE GLOBE.  …THE LAWS THEY HAVE WRITTEN WHEN IT IS TIME TO GO TO GLOBE ARE NEEDING TO BE PUT IN PLACE FOR IRAQ TO GO BACK TO THE GLOBE.

[is the new law using dinar only implemented?]   YES.  THEY COMPLAINED ABOUT THE AIRPORT USING US DOLLAR THE OTHER DAY AND TO REALLY LOCK IT DOWN AS THE ONLY CURRENCY.  THIS IS BEING TOLD IN PRESS STATEMENTS TO THE CITIZENS AS WELL.  DURING PRAYER AND ALSO ON THEIR TELEVISION ARE MANY REPORTS AND STATEMENTS BEING RELEASED TO CITIZENS THAT THEIR NEEDS ARE BEING MET IN THE VERY NEAR FUTURE.
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tlm724 - 
Saleh: The government is determined to apply the laws of economics“  I think Saleh advising Abadi on all these economic laws is a huge bonus for us. Saleh KNOWS about how to get them passed…if I was Abadi I would want someone just like Saleh in my pocket…he also knows how Shabibi wanted things done to open the doors for an increase in the value of the dinar!
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Millionday - [With all these new laws in place now, do you think they will wait till Jan 1st, just easier in their books?]  A PLAN THIS HUGE HAS NO GREAT DATE THAT WILL IMPACT THE CALCULATION OF THEIR ENTRY UNLESS THEY CONTINUE TO SIT ON THEIR HANDS — THEN THAT WILL BEGIN TO EFFECT THEIR COUNTRY AND NOT IN A GOOD WAY — ECONOMICALLY THEY HAVE TO GET THEMSELVES BACK IN THE GAME IMO — WITHOUT IT THEY REMAIN SECLUDED AND WITHOUT GROWTH POTENTIAL. 
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Backdoc - Article quote:  “Mohammed Saleh, Sunday, that the government will adopt the budget in 2014, with some adjustments for 2015, stressing that the budget next year is the most difficult on budgets.”  I SEE NO RATIONAL WAY TO ADOPT THE BUDGET WITHOUT A RATE!!   BEFORE THE END OF THE YEAR SOUNDS NICE!!
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Aggiedad77 - I think we are seeing Iraqi laws aligning themselves…one right after the other…some obviously more critical than others…but they are forming together within the COM and Parliament…Be on the lookout for laws to start jumping like popcorn…both federal level laws as well as laws that provide more power and clout to the provinces and local governments.  PM Abadi is calling for a large meeting in the near future…we don’t have a date yet, but many great political minds will be gathered to work on reconciliation at the state level… they are proving great evidence of cooperation and immense levels of integrity at all levels.  Never before have we seen such a long continuous run of good work and information coming out of Iraq.  
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EXOGEN - WHAT IRAQ IS DOING IS IMF PROTOCOL NOW.  THE USA WILL ALWAYS HAVE A DEGREE OF INFLUENCE IN IRAQ BASED ON EXECUTIVE ORDER 13303  WHAT WE HAVE IN OUR FAVOR IS WE ARE NOW APPROACHING IMF ARTICLE VIII.
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Jester - THIS THING IS WRAPPING UP… IT IS NOT GOING TO GO THE WAY EVERYONE OUT THERE SAYS… THEY WILL ERRONEOUSLY REPORT EVERYONE GOING TO THE BANK ON THIS DAY OR THAT DAY AS YOU ARE SEEING EVEN NOW…BUT IT WILL NOT HAPPEN THAT WAY... THE LEGITIMATE GROUPS ARE GOING TO TAKE SOME TIME… THEY ARE HUGE… IT WILL NOT BE DONE IN AN INSTANT… THE RV COULD BE IN 2015… PUBLIC WILL BE SOMEWHAT AFTER THE GROUPS… AND THAT TIME FRAME IS PROBABLY REASONABLE…THE INFORMATION AND TIMING WE HAD LAST YEAR FOR AROUND THANKSGIVING ACTUALLY DID HAPPEN… MOST PEOPLE DON’T KNOW THAT… BUT IT DID… AND THEN WAS STOPPED FROM GOING ANY FURTHER… THOSE PEEPS ARE STILL WAITING… AS WE WERE AT THE TIME… WOULD NOT SURPRISE ME A BIT IF THEY DID NOT HAVE THE SAME TIME FRAME IN MIND FOR THIS TIME.
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home7

Iraqi Dinar/Dollar auction 11-26-14

Currency Auctions Announcement No. (2826)

This daily currency auction was held in the Central Bank of Iraq on the 25-Nov-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$)               193,754,000
Total offers for buying (US$)                           193,754,000

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

MARKET RATE – 1198!!!

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Millionday - [ARE THEY FINISHING THE 14 BUDGET?]   THEY ARE SPEAKING AS IF IT IS DONE BY WHAT I SEE AND ALSO ARE SENDING OR HAVE SENT THE NEXT YEARS TO PARLIAMENT AS WELL.  [THE ACTIVATION OF FUNDING TO GET ROLLING AGAIN IN BUSINESS, this is going to need a reality rate?]  THIS WILL NEED A FAIR PRICE FOR THE DINAR CALCULATED BY THE REALITY OF ITS VALUE — NOT IMPOSED.  [does it sound like they are waiting on the 2015 budget to be finished to include the activation?]   NO.   

[DON'T YOU AGREE THEY HAVE ALL STATED LETS GET R DONE?]   I AGREE — WITH SO MANY SIGNED AGREEMENTS — PER THE TEMP HCL — THEY NEED TO LEAP — GOOD POINT.  [is the Temp HCL enough for CBI to RV, or is CBI looking for final HCL?]  THE TEMP HCL IS ABOUT THE ECONOMIC SIDE OF THE OIL PRODUCTION AND THE REST IS CONSTITUTIONAL WHICH WILL BE EASY TO RESOLVE AT THIS POINT BUT THE SIGNED HCL NOW IS STANDING AGREEMENT AND LEGAL REPORTABLY.   [...in your opinion (according to the ink) are they (banks) ready to go now?]  CBI ANNOUNCED THAT THEY WERE.
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Poppy3 - THEY HAVE NOW ALL CALLED FOR THE MOVE TO MARKET ECONOMY.  THEY HAVE NOW TO MOVE QUICKLY AS THEY NOW HAVE ALL LEADERS IN AGREEMENT TO MAKE THE MOVE. THEY HAVE ALL STATED THAT IS THE NEXT MOVE.
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Adam Montana - The rate.  If it comes out at a dollar or higher, I am 100% OUT. Some people may wait for it to rise, and I do think that eventually it will hit $3+…  If it comes out around a dime, like I believe it will, then my strategy will depend on the cash in window. I believe it will be no less than 90 days, and up to two years. But there’s another variable as well – will it be pegged or will it float based on the market?   I can see valid reasons for doing either of those…  Another thing to consider – the stability of the country at that time, and how the world reacts to it.
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Millionday - Economic Adviser to the Prime Minister announced the appearance of Mohammed Saleh, that the government is bound to activate all economic laws adopted earlier and did not apply so far, including customs tariffs and consumer protection and the protection of the national product laws.“  THIS IS A VERY IMPORTANT ANNOUNCEMENT BY SALEH AND WHERE IRAQI GOV IS ECONOMICALLY.  UNDERSTAND THAT ALL LAWS ARE DEPENDENT ON EACH OTHER OR THEY MAKE NO SENSE.   SALEH IS ANNOUNCING THAT THE GOV IS ACTIVATING ALL ECONOMIC LAWS TO ADVANCE.
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Backdoc - OIL,OIL,OIL!!  THAT’S WHY HCL MUST BE PASSED AS THEY SAY QUICKLY…WITH IRAQS’ OIL PRODUCTION PLANNED TO DOUBLE SOON, BECOMING THE WORLDS #1 CURRENCY IS ONLY A TIME ISSUE! 
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tlm724 - Article:  “Economists call for the restructuring of state-owned banks to provide performance equivalent to the opening of the Iraqi market“  Quote:  “restructuring of banks in proportion to the global development of the global banks and keep up with economic openness with the countries of the world“  this project will be submitted to the Presidency of the Parliament in the next few days for discussion and voting on it…to upgrade the Iraqi banking system through the support of the banking sector legislation of laws.   this legislation will be the catalyst for change in the banking system as well as the foreign exchange regime, Iraq is setting the stage to go into article VIII of the IMF…*hallelujah*…Banking laws are lining up.
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home7

Iraqi Dinar/Dollar auction 11-24-14

Currency Auctions Announcement No. (2825)

This daily currency auction was held in the Central Bank of Iraq on the 24-Nov-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$)               187,705,000
Total offers for buying (US$)                           187,705,000

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

MARKET RATE – 1198!!!

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BGG - Al-Shammari…stressed the need to instruct government departments and institutions that deal in Iraqi dinars, to help raise its value against the US dollar, which assigns the Iraqi national economy…“  Al-Shammari sounds like he is after both the Dinar to be “the currency” and it to raise in value.  [do think with all this going they may have go into 2015 for rv reform to get everything done and in order?]  I do not – it does not HAVE to go into 2015…in fact, slim chance of as much – or at least very far into 2015.
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Aggiedad77 - …we continue to see more evidence of PM Abadi’s desire to do the right thing…his recent appointment of Dr. Saleh as a personal consultant I think shows his faith in the former CBI official…Abadi continues to show the people of Iraq and the world that his intentions are to build an Iraq that is based on honesty and integrity…cutting corruption, terrorism, and excessive spending…..putting Iraq and its government on a “diet” a reduction not in calories but in the amount of money it has been spending frivolously in the past 8 years.  The gold inlayed desks and crystal chandeliers are a thing of the past I think…it’s time to be frugal with how money is spent and work on holding everyone, everyone accountable for their budgets…and let that accountability start with their upcoming 2015 budget. 
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BGG - I did have it reported to me over the last couple of days - on Iraq TV MP’s are talking openly about “encouraging” the CBI to start the “project to delete the zero’s” immediately…somewhat “rumor-ish” – but based on who and where it comes from – I’m fairly confident it’s good info.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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tlm724 - Article:  “Economist urges the Government to deal in local currency instead of dollars“    Economist urges the Government to deal in local currency instead of dollars. They keep repeating this, the push is on baby!   Quote:  “The adoption of governmental institutions in financial transactions on the foreign currency, especially the dollar is not desirable and not supporting Iraq economically…“   stressing that the advancement of the Iraqi economy is through this step.  Quote:  “has called for some state institutions to local currency adoption of the US dollar rather than in their dealings to raise its value against the dollar to support the Iraqi economy  to raise its value!  each day brings us more insight into how they are doing this, step by step ! De-dollarize!  [ I think the beginning of 2015 is going to be very special! I agree…

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Aggiedad77 - Article:  “One oil refinery in Erbil:  Dh start Kirkuk oil to Turkey via the Kurdistan line after a week of Baghdad agreement – Erbil“    Either way you look at this news…the Kurds are the real winners here. They have gained 150,000 barrels of oil per day by being allowed to flow the Kirkuk oil thru their pipeline, on the face of things, they are saying they “are giving 150,000 barrels of oil per day to Baghdad, but the truth is they are “gaining” this 150,000 barrels of oil to add to their production.

And if this is the truth, they are making some very worthwhile gains regarding Article 140 at the same time, the ownership of Kirkuk an area that has been in dispute for a number of years.  Any way you look at this agreement it is a WIN WIN WIN for the Kurds…and a WIN I think for all of Iraq because it triggers the HCL in the end as well as Article 140 resolution. Of course triggering these two big events also SHOULD trigger things on more of an international level for the world.

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Adam Montana - I keep reading that the HCL is done and then it isn't  done. When it is really done, what other laws need to be passed before we see a RV. I know you don't have a crystal ball, but how long will this go on before we see an RV?]   NO laws have to be passed to RV – the CBI could do it today if they wanted to. But they aren’t going to do it until the HCL is done because they need that revenue engine firing on all cylinders in order to sustain the rate they choose. Without the HCL, Iraq is only running on a few cylinders. 

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home7

Iraqi Dinar/Dollar auction 11-23-14

Currency Auctions Announcement No. (2824)

This daily currency auction was held in the Central Bank of Iraq on the 23-Nov-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$)               191,837,000
Total offers for buying (US$)                           191,837,000

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

MARKET RATE – 1201!!!

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Adam Montana - [I...read...that Parliament is now off until Tuesday, 11/25!  They will only work until the end of this month and take next month off as usual.  So, if things DON'T get done by the end of November, is the RV going to be February or March of next year?]   I wouldn’t put too much stock in the dates you read - just because they are “off” doesn’t mean they aren’t still working and won’t put together the deals that need to be put together. You have to realize that Iraq IS a corrupt country, and backroom deals are ESSENTIAL to progress in that culture.
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Backdoc - TUESDAY WE SAW IRAQ RECEIVE A LOAN FROM THE IMF, WED. THAT MONEY WORKED ITS WAY INTO THE BIG STATE BANKS FOR REFORM AND ON THURS. WE SAW THE KURDS WERE PAID 500 MILLION DOLLARS FOR SALARIES.  THIS WAS AN UNPRECEDENTED AGREEMENT BY THE GOVT. AND THE KURDS ON THE OIL AND GAS LAW. THIS AGREEMENT HAS LEAD TO FURTHER PROGRESS OVER THE WEEK LEADING TO A SIGNED WORKING AGREEMENT ON COMPLETING THE NEW HCL LAW.  THE HCL LAW, FEDERAL COURT AND PARTIES LAW, AND AMNESTY LAW LOOK TO BE PASSED ALL AT ONE TIME. THE PREPARATION FOR THOSE LAWS ARE AND HAVE BEEN UNDERWAY NOW FOR SOME TIME NOW, MOST NOTABLY THE HCL.  ON TUES. WE SEE PARLIAMENT BACK IN SESSION TO POTENTIALLY REVISIT THE PASSAGE OF THESE IMPORTANT LAWS!

YESTERDAY THE GOI TOLD ALL STATE DEPARTMENTS TO BEGIN EXCLUSIVELY USING THE DINAR OVER THE DOLLAR FOR ALL FINANCIAL TRANSACTIONS.   EVEN THE AIRPORT WAS INFORMED TO DO THE SAME.  BUSINESSES WERE ALSO INVITED TO DO THE SAME.  THAT WORKS FINE FOR DIGITAL BUT NOT SO WELL OUTSIDE THAT ARENA!  WHAT THIS WILL DO IS BEGIN MAKING A MARKET FOR THEIR NUMBER 1 PRODUCT, THEIR CURRENCY!! BINGO!  THEY ALSO STATED THIS WEEK THAT THEIR CURRENCY IS UNDERVALUED…I LIKE THE RECIPE THIS IS MAKING! CREATING DEMAND FOR A CURRENCY IN HOUSE FIRST, TELLING US THEIR NUMBER 1 PRODUCT IS UNDERVALUED AND THE OIL AND GAS LAW LOOKING TO HAVE THE WRAPS PUT ON!   JUST TO PUT A CHERRY ON TOP…WE SAW SOME SERIOUS CURRENCY FLUCTUATION YESTERDAY! JUST TESTING? OR THE BEGINNING OF SOMETHING MORE TO COME?

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Frank26 - I strongly believe the RATE can appear at any futuristic proximal nano second that is next in the progression of realistic time and space.  My TEAMS and I are looking for something we are calling an EVENT HORIZON.  We believe the EVENT has been shown.  The evidence of it is The HCL.  We believe once this HORIZON is fully visible …All hell will break loose…

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My Ladies - …THE ATLANTIC COUNCIL ENERGY AND ECONOMIC SUMMIT…WAS HELD IN ISTANBUL THESE LAST FEW DAYS. FOR THE FIRST TIME EVER THE OIL MINISTER OF BAGHDAD AND THE OIL MINISTER OF KURDISTAN SAT DOWN TOGETHER AT THE …SUMMIT TOGETHER IN INSTNBUL TURKEY ON THURDAY AND WERE ABLE TO GET ALONG AND PLAY NICE.  NOW WHY WOULD THEY BOTH THERE. NEVER BEFORE HAVE THEY BEEN INVITED TO ATTEND. 

THE SUMMIT ENDS TOMORROW THE 22ND WITH A SPECIAL CLOSING ADDRESS FROM JOE BIDEN WHO HAPPENED TO BE IN TURKEY FOR MEETINGS WITH THE TURKISH PRIME MINISTER TONIGHT FRIDAY.  I THINK WE SHOULD BE SEEING THE FINAL WRAP UP OF THIS OIL AND GAS LAW SOONER THAN LATER.  AT THIS POINT THERE IS NO WHERE ELSE TO GO, IRAQ NEEDS AN INTERNATIONAL REALITY RATE AND THEY OF SORT OF NEED IT NOW IF YOU REALLY READ AND LOOK INTO WHO IS INVOLVED AND WHAT’S GETTING DONE.  CONNECT ALL THE DOTS FOLKS AND IT WILL LEAD YOU INTERNATIONAL.

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home7

Iraqi Dinar/Dollar auction 11-22-14

Currency Auctions Announcement No. (2823)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                8
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               104,501,000
Total offers for buying (US$)                           104,501,000

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

MARKET RATE – 1201!!!

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Mnt Goat - I believe Iraqi is literally on the verge of bringing back their currency online to a global status.  When we say “revaluation” what it really means is to say that for the country of Iraq to once again have a globally recognized currency (hopefully at a higher rate).   I…believe we are in a sweet spot right now to literally see this RV in the coming days ahead. This is by far the best place I have ever seen this investment in the 10 years I have been following it.  Last week we once again we heard about the finance committee of parliament telling the CBI to move forward with the project or come to the parliament and justify the holdup.  I believe there is no holdup since my CBI contact has told me they are now moving forward with full implementation of this project once again. 

Today Iraq has once again told us what their priorities are.  Parliament returns four important laws to the Council of Ministers for approval. Besides the first priority of the general budget law for 2015, these four laws are as follows:  1.Oil and Gas (HCL)  2.Federal Court – (law of Accountability and Justice)  3.Parties (define and limit parties in Iraq for next election process in 2018)  4.General Amnesty Law.  …these are all critical to Iraq and each one is expected to be completed and FULLY implemented by the end of 2014, if not sooner.  So now we once again peel our ears for news and watch the news media for articles on the implementation of laws in these four areas. This will give us hints as to just how close we really are in this RV process. I have to say it is a matter of days if not hours.

Can the USA continue to hold it up?  I believe that they can as long as they can convince the UN they have reasonable cause to do so. There is however, a backdoor plan that is being considered to circumvent the USA for any further “unreasonable” delays. They have been warned. They know there will be  severe penalties should the UN have to take this action.  Everything is on our favor to see this RV very, very soon.  I believe we are in a rare opportunity and window like never before. In the coming days we should expect the RV.

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My Ladies - Article:  Kurdish parliamentarian confirms the participation of Kurdistan in the preparation of the draft oil and gas law.  WELL NOW WE’RE COOKING WITH GAS …LITERALLY…YOU SEE MONEY WILL ANSWER TO MONEY..EVERYTHING ELSE IS JUST NOISE…OH THEY’RE OPTIMISTIC ALRIGHT!  WHAT WE JUST READ HERE IS BIG BIG BIG..AND BETWEEN THE LINES THEY WERE JUST TOLD TO GET IT DONE BY SOME VERY BIG MONEY MAKERS.
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tlm724 - Article:  “Re four important laws to the Council of Ministers for approval”  after the budget they will concentrate on the following laws: the oil and gas law and the Federal Court and the parties and amnesty. Next session is on the 25th

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Parliamentary power: the Kurdistan region will participate in the preparation of a draft oil and gas law

Khandan - ali Naji confirmed the Commission on oil and energy parliamentary, the Kurdistan region and the oil-producing provinces, will have a role in the preparation of a draft oil and gas law. The head of the Committee Ares Abdullah told (Khandan) that “the province and the oil-producing provinces like Basra, Maysan and Nasiriyah, will participate in the prepare a draft oil and gas law, because that constitutional right, “adding that” until now the government did not send the bill to the House of Representatives for approval, as he can not adopt the old drafts unless you get amendments and approve it…

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

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Kaperoni - Article:  “Najafi: the coming days will witness the meeting of the three presidencies“  Quote:  “As confirmed by Vice President Osama Najafi Haider al-Abadi was confident the government and support towards achieving what is required of them, called the head of the Islamic Supreme Council of Iraq Ammar al-Hakim to create a road map and a set of baskets for legislation required laws.”  Looks like they plan to do these laws in baskets which is a great news!
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Millionday - THEY HAVE SIGNED A TEMPORARY AGREEMENT CLEARING THE WAY FOR THE HCL – WHOOOPOW…THEY HAVE SIGNED — I SAID SIGNED AN AGREEMENT FOR THE OIL BETWEEN IRAQ AND KURDS – TEMPORARY WOULD BE TO USE TEMPORARY — SO THE PERMANENT ISSUES WILL BE RESOLVED… BUT USABLE AGREEMENT THEY HAVE.

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tlm724 - Article:  ”Shammari calls for the adoption of the state departments of the local currency rather than in US“    calling all state depts to use the dinar instead of the US dollar…the global economic situation makes it imperative for everyone and the advancement of national vigor and the Iraqi economy…using it will enhance the economy no doubt…the more demand for the dinar the higher the value!   It’s so awesome to see this push.
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Agreement to pass the 2015 budget without Barriers

BAGHDAD / obelisk: MP in the Kurdistan Alliance, Ahmed Sarhan, Friday, about the possibility of passing next year’s budget in 2015 without Almarqlat that have occurred in the current year budget.

Ahmed said in a statement seen by “obelisk”, that “next year’s budget will be passed easily, because there are a number of reasons for approval,” revealing “the existence of consensus and agreement of Parliament to be passed, to recognize everyone that he is not a winner of delay.”

“The convergence of views between the political blocs, in addition to all of the cabinet reshuffle completeness of the things that will make it easier to accelerate the adoption of the budget…

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

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Breitling - We have authority, saying that, the CBI, the Ministry of Planning, the Ministry of Finance saying we want to get the value of the dinar to a buck.  They even go through the process.  They talk about the two currencies co-existing together… they would never reduce the note supply like they’re doing, they’d simply retire the notes.  They wouldn’t need to do anything.  So it’s going to revalue.  Because they said so.  They reduced the note count so that’s how we know they are taking action to do it.

…So what’s going on?  Through authority…the people who set this up said they undervalued it.  Through authority the CBI, The Minister of Finance and the Minister of Planning said it was undervalued and that the minimum goal was a buck…Have they gotten there yet?  No.  But the elements that they need in place is what they are doing now…that is how we know they are moving forward.  So they still are not at their market rate.  That’s why people are speculation on the dinar. 

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tman23 - If you are offered an exchange rate of $1.13 per IQD or even 86 cents per IQD…Well I’m all in!!! No waiting for a float to a better rate…And the “phrase” passed around…the second mouse gets the cheese…I counter with…the early bird gets the worm.
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Adam Montana - [We have been watching Iraq for the past several years go through the motions of forming laws and remaking their country.  Doesn't it seem like they are reinventing the wheel?]  The country was plunged into poverty and chaos a little over a decade ago. Today, they are moving forward with solid plans and excellent progress. Maybe they are “reinventing the wheel”, but I believe they are doing exactly what they need to do to regain their former strength and status.
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US pledges more support for Kurds

Then the United States stepped in with airstrikes and pressing Baghdad to provide the Kurds with some weapons to defend themselves. Photo: AFP

WASHINGTON, D.C. - The United States government announced on Wednesday that it is planning to provide more support to the Iraqi Kurdish Peshmerga who are widely regarded as the most effective fighting force against the Islamic State (ISIS).

“The president has pledged to expand our support to the Iraqi forces including the Iraqi Kurdish forces,” said Jeffery Rathke, a spokesperson with for the US State Department in response to a question from a Rudaw reporter at the daily briefing…

Read More: http://dinarupdates.com/blog/
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Poppy3 - I think the next 24 hours and then beginning monday morning for 48 more hours will really shed some light on our status pertaining to our rate increase timing.  [The month of November sure seems to be bringing Christmas early?]  very very possible. NOT sure how probable but for sure very possible.  

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Aggiedad77 - People should be happy outside of Iraq…because the people inside of Iraq are very happy.  The government is the real deal.  Their PM is an honest man looking for ways to improve life for all Iraqis…in a corrupt-free environment.  He proves that he can take action if he is crossed.  The GOI is cooperative…The Parliament is cooperative.  The many committees that have been formed work together. We don’t know the date or the rate…..but who cares.  Be excited for all that you see is happening…
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Adam Montana - [ If HCL is approved,do they necessarily have to wait until Budget 2015 is approved before they can RV their currency? With current situation, is it true that the lower oil price will force them to RV their currency ASAP?]   Nope! They won’t be “forced” to do anything, and they can RV with or without a current “budget”… but I strongly believe that when they do make that announcement, there will already be an approved budget ready to go waiting only on the CBI’s rate to be plugged in.

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Barzani confirms pumping oil through the Kirkuk pipeline region to Turkey for the federal government

Baghdad - President of the Kurdistan region, Massoud Barzani, confirmed Friday that he will be pumping 150 thousand barrels per day from the province of Kirkuk oil fields across the province for the pipeline to Turkey.

The Iraqi Oil Minister Adel Abdul Mahdi, said yesterday that “the oil extracted from the Kirkuk fields is shipped across the infrastructure built by the Kurdistan region with Turkey after the implementation of an agreement reached with the Kurdistan” to end the long dispute over oil revenues…

Read More: http://dinarupdates.com/blog/
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tman23 - LISTEN CAREFULLY!!! CONFIRMED THE PEOPLE’S SALARIES IN MOSUL AND NINEVEH PROVIDENCE HAVE BEEN RELEASED…  [and/or LD's are out?]   Dont even want to guess at it…just know that those in the Kurd region and Nineveh Providence which is Sunni are being paid...Note that each gov’t entity releases salaries…the retirement is being paid for the 8th month…social security/welfare benefits are not paid yet…civil servant salaries are released…And some say they need to travel to Baghdad but those with smart cards can collect anywhere…as for today…Iraq is very very quiet in regards to news being published for outside sources.
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Poppy3 - Article:  “Abadi calls for global investment firms to return to Iraq Date“   …WE ALL KNOW THE INVESTMENT FIRMS WILL NOT RETURN UNTIL A NEW RATE GIVES THEM SOMETHING TO TRADE ON.   HOWEVER IT IS VERY ENCOURAGING THAT THE PM IS ASKING TODAY FOR THEM TO COME BACK INTO IRAQ. LETS HOPE THEY ARE ABOUT TO RAISE THE RATE AND ARE INFORMING TRADERS WHEN THEY WILL HAVE A ACCEPTABLE RATE. 
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Aggiedad77 - People should be happy outside of Iraq…because the people inside of Iraq are very happy.  The government is the real deal.  Their PM is an honest man looking for ways to improve life for all Iraqis…in a corrupt-free environment.  He proves that he can take action if he is crossed.  The GOI is cooperative…The Parliament is cooperative.  The many committees that have been formed work together. We don’t know the date or the rate…..but who cares.  Be excited for all that you see is happening…
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Iraq transfers $500 million to Kurdistan in budget deal

Iraqi Finance Minister Hoshyar Zebari.

BAGHDAD,— The Iraqi government transferred $500 million to the autonomous Kurdistan region on Wednesday as part of a deal aimed at ending long-running oil and budget disputes, the finance minister said.

The move eases tensions between Iraq’s federal and Kurdistan governments, paving the way for a lasting settlement as well as possible increased cooperation against jihadists they are both fighting…

Read More: http://dinarupdates.com/blog/
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tman23 - It seems that what everyone keeps talking about is this law or that law…but in context those items have nothing to do with the CBI monetary reform…what does is the Kurds signing an agreement…and to quote the Turkey Minister…The agreement just signed between Erbil and Iraq Federal Government brings stability to Iraq and the region.
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Stryker - Article: “Bahr al-Ulum:  there are directions to collect6 the oil wealth of laws and the law of one“  This is a great article and full of great stuff…This shows that a parliament committee is hard at work getting things lined up and telling the Iraqi people what needs to be done, how to do it, and…how to get it done…it is a plan, by the parliament, for the people, that heads Iraq toward economic reform, and our RV.
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Poppy3 - 
MAN SO MANY MOVEMENTS IN SO MANY MEETINGS.  LOTS OF GREAT SOUNDING AGREEMENTS ALMOST DAILY NOW AND FOR THE LAST FEW WEEKS. THE ONLY THING MISSING IS ACTION ON ALL THE AGREEMENTS.  IT WAS REPORTED BY EVERYONE FROM THE GOI TO THE UNITED NATIONS THAT THE HCL HAS BEEN AGREED ON YET TODAY IT IS STILL PENDING PUBLICATION AND IMPLEMENTATION. THEY HAVE STATED MANY TIME THEY ARE PREPARED TO MOVE TO A MARKET ECONOMY YET THEY HAVE NOT TAKEN THAT ACTION YET IN ANY WAY…THEIR WORDS DON’T MEAN MUCH UNTIL THEY ACTUALLY TAKE ACTION.  SEEMS TODAY THEY HAVE SEVERAL GREAT THINGS READY AND CAN TAKE INSTANT ACTION AND IMPLEMENT SEVERAL THINGS WITH ONE SWIFT MOVEMENT AT ANYTIME…TIME WILL TELL AND EXPECT ACTIONS VERY SOON. 
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home7

Iraqi Dinar/Dollar auction 11-20-14

Currency Auctions Announcement No. (2822)

This daily currency auction was held in the Central Bank of Iraq on the 20-Nov-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$)               205,645,000
Total offers for buying (US$)                           205,645,000

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

MARKET RATE – 1201!!!

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Adam Montana - [Is there ANY difference in value of un-circulated Dinar as compared to crumpled up old circulated Dinar at cash-in?]   …the CBI currently states that they actually have the right to deny accepting any notes with even the slightest flaw…so if they were to do that, a note that’s crumpled, soiled, ripped, or otherwise “destroyed” could be rejected.  However… it’s not likely that they will be that harsh, as it would undermine their goal with an RV – to increase their money’s value and also their “worth” in the world as the major leaders see them.  They also “reserve the right” to refuse ANY currency from outside of Iraq, which is where we get the occasional lopster using that as “evidence” that an RV is impossible. The fact of the matter is that Iraq does need the support of the world to be successful, and I’m not worried about them refusing our notes as long as they are in decent condition.  Now, if your dinars have been ran over by a skid steer, left outside in a mud puddle, and taped back together a couple times… you might have a problem!
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Millionday - THE GOV OF CBI IS OUT OF THE COUNTRY AND WILL BE BACK THIS WEEKEND — AS FAR AS WHAT HE WANTS DONE I DONT KNOW — IT APPEARS THEY HAVE BEEN DOING A LOT AND GETTING MORE DONE THAN EVER BEFORE.  THEY HAVE SIGNED AN AGREEMENT TO PAY THE KURDS –  OBVIOUSLY THE BUDGET IS OF GREAT IMPORTANCE — THE 2015 BUDGET HAS BEEN SENT TO PARLIAMENT ALREADY SO SOUNDS AS IF THEY HAVE FINISHED THE 2014 BUT WE HAVE NO ANNOUNCEMENT — SHOULD SEE A PRESS ANNOUNCEMENT.  WE WILL SEE WHAT COMES OF THE LAWS THEY HAVE ON THEIR PLATE TOMORROW [THURSDAY]…IT SURE IS ENCOURAGING.
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tman23 - AS STATED BY THE KURDISH GOI MINISTER OF FINANCE…The MoF office CONVERTED 583 billion IQD and transferred 500 million usd to the Kurdish region today…Wednesday…the most important part of the statement and is CONFIRMED to be what was said LIVE…583 billion IQD converted…which is very interesting for a number of reasons.   Barzani quote from est 2 months ago…He had said that the Kurds would NOT be dealing in the 3 zeros (and this was including the ESX conversation)…he said they could pay their civil servants in usd and use the IQD for government (indicating Kurd officials and military)…OR they use USD altogether or create their own currency…

The fact is that the IQD was converted implies that there is not enough IQD notes in the region…(which has been stated by many displaced who complain on being paid with notes no larger than 1000 and all in very poor condition)…The Kurds had 2.7 billion usd in the Turkey Bank from oil exports…The Kurds have not been paid since March.. Why only 500 million…??  …the budgeting and figures with a 27% deficit figured in are riding close to a number of $1.13 as seen in the SIG report…IMO…100% absolutely positive the Kurds are not going to be accounting with 3 zeros starting 2015.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Adam Montana - Good stuff happening right now – here’s the brief headlines:  1. Last week there was talk about jumping straight to the 2015 budget, and this week they are DOING it. BAM!  2. What’s Kurdistan’s biggest gripe been over the years? What has stopped them from agreeing? MONEY. Under Maliki, Baghdad screwed the Kurds every chance they got… and what’s changed now that Abadi and the new GOI is in placeThings are moving, and Kurdistan just got news they are getting paid. POW!!  3. Y’all know what the HCL holdup is, right? MONEY! The Kurds have refused to agree on anything because they were not getting a fair shake (to say the least)… well, that’s changing quickly and we are actually seeing the word “agreement” instead of “talks” or ”negotiations”. ZING!!!
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Bulldog75 - MANY FACTORS ARE DETERMINING OUR DESTINY DATE.  IMHO, WE ARE LOOKING AT 3.33 -9.96. THIS COULD OCCUR ANYTIME. IMHO, THE TIMING IS MORE PROBABLE DURING ONE OF THE MAJOR HOLIDAYS FORTHCOMING OF: THANKSGIVING, CHRISTMAS, NEW YEARS, CHINESE NEW YEAR
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My Ladies - Article quote:  “Work identifies the 20th of this month as the date for the disbursement of the salaries of workers who do not have the smart card“  [THEY CANNOT DO THIS WITHOUT AN ADJUSTED RATE, CORRECT?]   THE DINAR HAS A VALUE IN THE COUNTRY TO THE CITIZENS, IT IS ONLY WHEN THEY LEAVE THE BORDERS OF IRAQ THAT THE DINAR HAS NO VALUE. WHEN WE SPEAK OF THE DINAR REVALUING WE ARE SPEAKING OF THE INTERNATIONAL EXCHANGE RATE. THAT IS COMPLETELY DIFFERENT THAN THE VALUE OF THE DINAR INSIDE IRAQ. THEY WILL NOT BE PAID AN INTERNATIONAL EXCHANGE RATE INSIDE THE COUNTRY. IN THE COUNTRY OF IRAQ A DINAR IS A DINAR IS A DINAR. THE SAME AS HERE IN THE USA, A DOLLAR IS A DOLLAR IS DOLLAR, BUT WHEN WE TAKE IT OUTSIDE THE USA AND EXCHANGE IT FOR ANOTHER CURRENCY IT HAS A VALUE MUCH LESS THAN $1.00.
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Dinar Talk INFO Call

for Nov 20th was postponed…

from Nov 18th - Smart phone user link – Click here

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Frank26 - Article Quote:   “…due to the Kurdish delegation will meet with Prime Minister Haider al-Abadi and other officials to reach a final agreement after an agreement in principle to resolve all the problems between the two parties, including the export of oil and the budget.”   They are actually willing telling You many MR (Monetary Reform)  things RIGHT NOW!!!  It not like they planned to share today what they do for the CITIZENS …It’s just NOW working out that way.  It is of our learned opinion that the reason they now pay inside of the country to their CITIZENS is because they have already set the stage to pay outside with a new exchange rate.  The mechanisms to do so have been set up this year.
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Delta - Geneva (BIS) has had new rate and is approving (ed) it!  I Team did tell us 1st week of last month that HCL was done…just saying.
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My Ladies - IT SEEMS THE DEAL THE GOI AND THE KURDS MADE IS HOLDING UP SO FAR AND HAS MADE INTO OUR MAIN STREAM MEDIA. THIS IS A BIG BIG STEP SO FAR.   LOOKS LIKE BAGHDAD IS SERIOUS ABOUT MENDING FENCES WITH THE KURDS.  WHILE THIS IS GOOD NEWS…THERE IS STILL MUCH TO DO AND HCL IS STILL IN THE BEGINNING STAGES WITH WHAT WE KNOW AND HAVE SEEN IN THE MEDIA. THE RAMBLINGS OF WHAT HAPPENS BEHIND CLOSED DOORS WILL NOT AFFECT US UNTIL THE WORLD GETS TO SEE IT.  WE WILL BE WATCHING THE PROGRESS…IN THE COMING DAYS LEADING UP TO THE 25TH WHICH IS THE NEXT SESSION OF PARLIAMENT.
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Parliament returns four laws to the Government

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - returned the Presidency of the Council of Representatives of four laws to the Council of Ministers for ratification are oil, gas and Mahkh federal parties and general amnesty law…

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

BGG ~ More good news – seems to be a big push forward on important legislation stalled during the “obstructionist” Maliki regime. 
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Aggiedad77 - we are already seeing a number of articles about the agreements made with the Kurds last week on oil and gas issues….PAYMENTS are going forward as we are seeing today…The government is continuing to move in the right direction…this has to be garnering them a considerable amount of trust and faith with the people, not just the Kurds but with all Iraqis. The retired people are being paid as well, I think for September and October…again favorable news.  Even with the tragic bombing in Erbil today, the government and Abadi are standing as one and saying…the ones responsible will be held accountable. This was a swift message following the bombing… For almost the whole part of the last week the news from Iraq has been EXCITING…I don’t think I’ve ever posted that before…it is creating excitement by itself.
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pinocchio-smileyLONG copyEXOGEN - [ I just want to know if we are going to finally exchange this week or not? If not, then are the INTEL saying we will exchange before years end?]  YES WE LITERALLY HAVE SNOW OVERLOAD AND FREEZING TEMPERATURES NOW…THE CLIMATE IS NOW SET FOR YOU KNOW WHO TO ARRIVE!!!

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Millionday - Article quote:  “Shaima Rashid described the MPs visit the Kurdistan Region delegation to Baghdad, today, as an important step towards the realization of economic, political, security and defeat “Daash.“  THIS IS NOT A NORMAL MEETING – THIS IS THE SIGNING OF AGREEMENTS.   THESE ARE OFFICIALS IN ECONOMIC THAT WILL BE MET WITH OFFICIALS OF ECONOMIC FOR THE NATION – THEY WILL BE THERE TOMORROW [WEDNESDAY] SIGNING THE NEW AGREEMENTS AND NOT JUST TALKING ABOUT THEM.

[After the signing do they get paid on their smart cards...Does it have to go to the gazette first?]  THIS IS AN AGREEMENT AND NOT A PARLIAMENT VOTED LAW SO THE TIMELINE WILL BE PART OF THE AGREEMENT AND TIME WILL TELL.   THE NEXT DAY OR SO SHOULD BE A MASSIVE CHANGE FOR IRAQ AND THESE LAWS ARE LIKE THE STOCKING STUFFER WE HAVE BEEN WAITING ON.   THEY NEED THESE REFORMS FOR THEIR INTERNAL MARKET TO ENTER THE GLOBE – AND THIS IS THE STEP THAT THEY ALL HAVE BEEN WAITING ON. 
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Dinar Talk INFO Call

News w/BGG – from Nov 18th

Click-n-listen

Smart phone user link – Click here

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BGG ~ The one big thing I forgot to mention – it feels like ISIS is losing ground. There seems to be the sense they have or will soon lose Mosul (their only major city). Even the Pentagon says this last #ISIS video has some sense of desperation to it…
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tlm724 - it is all coming together for us but like I have said it’s not just pushing a button...it’s a process of actions and reactions. As we watch them take these actions, all of them, like taxes, reform and legislation, these actions create reactions and that is what drives up the value of the dinar!   supply and demand, confidence in the country, confidence in the NEW GOIWe see accolades from governments and powerful entities through out the world expressing their pleasure with Iraq and that breeds confidence and that is what drives up the value of the dinar!   I am loving where we are headed…no actual date or rate but I do like the 1st quarter of the year.
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Frank26 - The majority of CH7 has been removed but they are not totally free of it, there are some clauses that still apply through the UNSC…Iraq has taken action with the freedoms they have, working to qualify for Art 8;    IMO, the last part, part 4, of the HCL is being done… for the first time, the UN said that they see Iraq’s government concrete and with reforms, IMO, this means there is a rate, that CH7 can be released and Iraq can qualify for Art8…Baghdad and Kurdistan are happy and in agreement, the GOI and the CBI are happy and in agreement… the GOI the CBI and the ISX have found a new fire — let’s see what they say.
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home7

Iraqi Dinar/Dollar auction 11-19-14

Currency Auctions Announcement No. (2821)

This daily currency auction was held in the Central Bank of Iraq on the 19-Nov-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$)               238,219,000
Total offers for buying (US$)                           238,219,000

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

MARKET RATE – 1201!!!

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Millionday - THE WAY THE BUDGET IS PREPARED IS NOT AS IT SHOULD BE FOR THE CHANGES TO A MARKET GLOBAL ECONOMY…AS THEY MOVE TO THEIR REFORMS — CHANGES WILL OCCUR. …THEY ARE MEETING EVERYDAY ACCORDING TO REPORTS UNTIL THE BUDGET AND OTHER THINGS WAITING ARE COMPLETE.   [Are we waiting for them to pass the 2014 budget before the rv?]  CBI HAS STATED THAT THEY WILL NOT WAIT TO APPLY THE MONETARY POLICY OR THE BANKING REFORM OR ALL THAT THEY HAVE TO MOVE FORWARD WITH – IF THEY DO OR NOT IS YET TO BE SEEN.
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Breitling - …What they are stuck with right now is focusing on stabilizing oil production and raising the value of their currency…infrastructure will come later.  So what does that mean for you and me?  The value of the currency will go up.  They are still talking about how they are reducing the note count.  One of these days they will get it down to 1 billion notes and the value will be $3…but they don’t need to come out at the $3 rate.  They can get to a buck and from that point see what the situation is.  Can they grow their economy and add value to the currency?  Absolutely they can.  Can they get it to a $3 rate with just oil production?  yes, they did it already before Saddam started messing around…so those are yes answers and what they are looking at right now. 

Back before Saddam started screwing around with the currency the note count was down to a billion notes and that’s why it was $3.00…move the situation forward…the Ministry of Planning, the Ministry of Finance and the CBI and their strategy…They had a 2 pronged attack.  Get the oil to where it’s competitive, get enough oil out of the ground and have the currency at a certain level based on the note count so that they can be competitive.  Then they were going to rebuild their infrastructure…they were going to reduce the note count and then they were going to add value to their currency so it gave purchasing power to the people and they were going to build the middle class in Iraq.  They still plan on doing that but it’s definitely going to be a different situation...
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Kaperoni - some things are starting to line up…might not be a time frame we want to hear, but early 2015 looks like a goal for Iraq.  lets start with the IMF and CBI:  the CBI has kept the dinar fairly stable for a while now.  the market rate was 1209 or less for a month and 1202 or less for the last 2 weeks.  the IMF says, a country must maintain stability within 2% fo 90 days which puts us at late January.  we have the articles from October that say early or directly into 2015 raise the value and today some television news that a member of the finance committee went on television and said something to the extent that directly in the new year the dinar will begin to rise…so we can see that their appears to be a goal or some direction to that time frame.

that being said, i think many factors come into play.  we all know that many things are going on at the same time.  so with the new Abadi gov working on a new relationship with the Kurds and parliament preparing laws to be passed things are looking much better than ever before and IMO, the recent downward pressure on oil has now forced Iraq to get in compliance and start doing what they say.

[I was really hoping for an RV for Christmas this year.]  good luck with the rv thing…its more of a gradual appreciation…but no body wants to listen to me.  [You don't think it'll happen before the end of the year? IYO  no.  [Hasn't CBI been setting rate on Dinar for years now?]  they are in Article XIV, which for all practical purposes is developmental…the CBI has to learn how to use its monetary tools and they needed to be in compliance with the IMF. 
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Tune in for our Round Table Chat w/Millionday @ 1:00PM EST – today (11/19) in the DU Chat Room!!

Read More: http://www.dinarupdates.com/
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tlm724 - Article:  “Upcoming talks between Baghdad and Kurdistan to export Kirkuk oil“   Quotes:   ”…about the government’s intention to complete the oil and gas law and forwarded to the House of Representatives with a view to approval…“   “It is scheduled to be the Prime Minister of the Government of the Kurdistan Barzani Baghdad to visit in the coming days to discuss the initial agreement…“   they are really get the word out about this agreement as they should! They can be proud…I also want to point out that it is obvious that Kurdistan has control of Kirkuk and this was part of the disputed areas in article 140, it’s a very good sign of what is to come!
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Jester - I AM STILL LOOKING FOR SOME ACTION IN THE NEXT COUPLE DAYS ON THAT DOMINO…YOU WON’T SEE IT…BUT I AM LOOKING AT A COUPLE WEEKS OUT STILL OF ANYTHING TO HAPPEN THAT WE COULD ACTUALLY SEE…MAYBE A LITTLE CLOSER…SAY 10 DAYS OR SO…AND IT WILL NOT HAPPEN IN ONE FELL SWOOP LIKE EVERYONE THINKS…THEY ARE NOT GOING TO JUST ANNOUNCE “HEY EVERYONE JUST GO TO THE BANK”.  THINGS ARE HAPPENING…LOOKING VERY POSITIVE… THE WORD IS IMMINENT…. IT WILL HAPPEN… JUST BE PATIENT… YOU HAVE ALREADY WAITED A LONG TIME… IT WILL HAPPEN.
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tman23 - Baghdad-led House has four bills to the Council of Ministers for the purpose of validation is the oil and gas Act and the Federal Court and the parties and amnesty. Member of the parliamentary legal Committee, in a statement obtained by gesture (treasures media) that “four laws still pending decision on them due to differences on some provisions, notably the amnesty law which is a requirement of most political blocs.”.. NOTE;…. That the oil and gas and the Federal Law are the 2 at the top of the Kurds list in their Baghdad signed agreement….Federal Law / Oil and Gas…….IN THAT ORDER !  So tomorrow the Kurds are back in Baghdad to finalize the devil in the details…… Parliment is back in session Tuesday 25th…..
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Kaperoni - Article:  “Corporate restructuring and privatization of investigating economic advancement”  1st is compliance with the IMF and…90 days of holding the rate within 2%.  The CBI may want some banking laws reformed first, or the GOI/CoM may want some of the economic laws in place. Both are valid arguments because opening the currency to the world (Article VIII) does nothing for the economy on it’s own…it only creates a monetary condition for investment.  I will add this, we want parliament to do its work first.  Why?  because we want investment to flow into Iraq which will have a significant impact on the dinar’s value.  So we should all be hoping parliament gets back to work and passes the laws as soon as possible.

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home7

Iraqi Dinar/Dollar auction 11-18-14

Currency Auctions Announcement No. (2820)

This daily currency auction was held in the Central Bank of Iraq on the 18-Nov-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$)               192,979,000
Total offers for buying (US$)                           192,979,000

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

MARKET RATE – 1201!!!

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Millionday - [is the "Conference of National Reconciliation" something that has to happen before we see anything and are we waiting for anything else?]   WE ARE NOT SURE IF THIS IS GOING TO BRING AN ANNOUNCEMENT OF ECONOMIC REFORMS AND ALL THE REST OR IF THEY ARE GOING TO ANNOUNCE THE REFORMS IN THE NEXT TWO MINUTES — HOWEVER THE CONFERENCE OF NATIONAL RECONCILIATION IS A HUGE CONFERENCE BECAUSE IT IS THE REJOINING OF THE ENTIRE NATION AS IT HAS BEEN FORMED BY ALL THE WORK THEY HAVE DONE SINCE THEY STARTED BUILDING A DEMOCRATIC STATE.  [Do we have a date for the "Conference of National Reconciliation"?  NO NOT YET — JUST THAT IT IS THE MONTH OF NOVEMBER.   I KNOW THEY HAVE BEEN WORKING ON THIS FOR THE LAST THREE OR MORE WEEKS — IT IS A HUGE DEAL TO THEM AND VERY FORMAL.
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Kaperoni - Article:   “Iraq Economic Brief”  If you start to put all the pieces together…the articles that saying early 2015 or the beginning of 2015, and the CBI holding the Market rate within 2% for a few weeks (and holding it for 90 days puts them in late January), articles about passing a bunch of laws within a few days, the ISX and Xstream, and now today’s mention of raising the value on television early in 2015 it really sounds like the intent is to open the banking system (move to Article VIII) and a new Exchange Regime sometime at the beginning of 2015 which we all know is key to support a market economy.  Only 6 weeks to 2015!
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Frank26 - Article:   “Breaking News Oil Minister: Oil revenues to be distributed among all Iraqis“  Quote:  “The Minister of Oil, Adil Abdul Mahdi, said that Iraq’s oil revenues will be distributed among all Iraqis without discrimination according to the constitution.“   HAVE BEEN…WAITING AND WAITING AND WAITING…FOR THEM TO CONFESS THIS!  BINGO… SMASH THE MIKE TO THE STAGE…WE DONE!
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home7

Iraqi Dinar/Dollar auction 11-17-14

Currency Auctions Announcement No. (2819)

This daily currency auction was held in the Central Bank of Iraq on the 17-Nov-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$)               227,320,000
Total offers for buying (US$)                           227,320,000

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

MARKET RATE – 1201!!!

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Aggiedad77 - BREAKING NEWS INDEED…this…is smelling more and more like the HCL ought to smell.  Can you say the missing component…after all these years.  Now the question is how much are the citizens going to paid and how soon does this happen.  Where does this new revelation leave the overall HCL process.   There are STARS in the news out of Iraq today it would seem…The people of Iraq are going to be paid from oil revenues…The budget for 2015 could be approved quickly…The Kurds appear to be happy…The Iraqi Government is working together as a unified body...Keep watch for other interesting news as this day continues to progress.
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tlm724 - Article:  “Basra oil gallery a chance to connect with specialized companies“  Quote:  “that oil companies need to oil and gas investments in Iraq, as the country needs to exploit its natural resources to the maximum“   all the more reason parliament is hosting the oil minister today, get the HCL ready because they are going to need it!
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BGG - Anbar just declared bankrupcy – they don’t have money (several other provinces have too)…[so what does that mean...for us?]  if one believes they need an “emergency RV” it means good things for us…

(None of which is NEW or BAD – it is pretty much what I said would happen over a month ago – part of the info presented about an “emergency RV”)
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Parliament hosts Abdul Mahdi tomorrow to explain the agreement concluded with the Territory

BAGHDAD / obelisk: the House of Representatives decided, on Sunday, hosting and oil minister, Adel Abdul Mahdi, a session tomorrow, to explain the Convention, which took place with the province to resolve the outstanding issues.

A parliamentary source for “touch”, “The House of Representatives decided to host the oil minister, Adel Abdul-Mahdi, a hearing tomorrow, at one pm, to explain the Convention, which took place with the Kurdistan region of Iraq in order to settle the outstanding issues with the federal government in Baghdad.”…

Read More: http://dinarupdates.com/blog/
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Shredd & tlm724 - Breaking News Oil Minister: Oil revenues to be distributed among all Iraqis. Quote:  “The Minister of Oil, Adil Abdul Mahdi, said that Iraq’s oil revenues will be distributed among all Iraqis without discrimination according to the constitution.”   The stimulus this will create will be huge and a definite indicator that Iraq is truly emerging from their economically stale past.
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WMAWhite - I just can’t get over this outstanding information that MD [Millionday] posted the other day…THEY DID SAY AT THE KURDISTAN MEETING BETWEEN THE 4TH AND THE 6TH THAT CBI HAS THE RESERVES TO SUPPORT THE JOINING OF THE INTERNATIONAL CURRENCY MARKET AND TO REVALUE THE DINAR TO THE USD AND RAISE THE PURCHASING POWER FOR THE CITIZEN AS THEY MOVE TO A MARKET ECONOMY (SUMMARIZED).  They are telling us point blank in our faces they are…..THE JOINING OF THE INTERNATIONAL CURRENCY MARKET...it was in news reports of the meeting in Erbil.  The CBI will do this when EVERYTHING is in place… 
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Millionday - [i know you cant get a date nailed down, however, if the laws get passed, in the next few days, then is it completely up to cbi, or are there some variables? CBI HAS THE INDEPENDENT POWER TO SET THE VALUE OF THE DINAR AND ACTUALLY IT IS THEIR JOB –  THEY…HAVE STATED THEY ARE READY BUT ARE WAITING FOR THE RIGHT TIME –  DO THEY HAVE TO WAIT FOR APPROVAL?  NO — BUT WILL THEY WAIT FOR THE GREATEST MOMENT? I WOULD SAY THEY WOULD WANT TO BE AS SUCCESSFUL AS POSSIBLE ALONG WITH ALL IRAQIS – SO WE WAIT AND SEE WHAT COMES FROM THE MANY LAWS WE HAVE SEEN THEY PLAN TO OUT IN PLACE IN THE NEXT COUPLE OF DAYS — THE FIRST BEING ECONOMIC.

THE DIRECTION THEY ARE GOING IS FORWARD AND AS WE KNOW THE REFORMS BEING ACTIVATED INCLUDE THE MANY LAWS THAT GO WITH IT — AS FAR AS WHAT WAS THE PROBLEM – I SEE NO PROBLEM AND NOW WITH THE OIL LAWS IN PLACE AND THE AGREEMENTS WITH THE KURDS IT APPEARS THAT THEY ARE MORE UNIFIED THEN EVER BEFORE — I SEE NOTHING THAT IS WHAT SOME MAY CALL A HOLD UP FOR IRAQ BUT NOT KNOWING WHEN IS NOT VERY MUCH FUN BUT IT IS THE REALITY OF THE INVESTMENT.

NO ONE KNOWS WHEN THE COUNTRY WILL ENTER THE INTERNATIONAL ARENA BUT ARE THEY CLOSE TO A MARKET ECONOMY? – CLOSER THAN WE HAVE EVER SEEN — A PLAN THIS LARGE WAS NOT DONE WITHOUT A DATE — IMO — I JUST CANT IMAGINE THE GREATEST ECONOMIC MINDS IN THE WORLD MAKING A PLAN AS THIS AND NOT HAVING A DATE – THE THING IS — WE ARE LOOKING FOR CLUES AND FOLLOWING EACH MOVE THEY MAKE, SO AM I HAPPY AS TO WHAT THEY HAVE DONE? YES — AND IT IS ALL VERY ENCOURAGING RIGHT NOW – WE SHALL WATCH THE ACTION AND WATCH THE CLUES AND OF COURSE WATCH THE NUMBERS.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Poppy3 - CBI DID STATE THEY HAVE FUNDS TO SUPPORT THE RATE CHANGE OF THE DINAR AND ARE PREPARED TO DO SO.  NO ONES KNOWS AT THIS TIME WHEN OR AT WHAT RATE BUT WE ALL KNOW THEY ARE PREPared and can afford TO PAY EVERYONE. TIME WILL TELL THE FACTS VERY QUICK NOW. 
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Stryker - Here are the top news stories this weekend concerning the project to deleted the zeros and the revaluation of the Iraqi dinar:   Quote:  “dozens of laws under the first and second readings.”   Parliaments legal committee announced today that 100 stalled laws are back in the Council of Ministers for discussion and then will be moved to Parliament for approval.   Along the same lines, PM Al-Abadi’s office director stated yesterday that the adoption of the Establishment of Industrial Law is soon to activate the Industrial Sector again and it will add much to the local market.

He also said that the government will give a quick and urgent formula to balance the 2014 budget which is near completion. It will also be comprehensive and wide into the 2015 budget to supplement the path for the it’s success. Finance Minister Zabari himself  said that he is speeding up the 2014 and 2015 budget for Council of Ministers approval in hopes that they will be in front of Parliament before the end of this month.  If this can be accomplished then it will initiate economic Reform and the way we go my friends.   Quote: ”challenges constitute a good chance that the Iraqi government initiated economic reforms.

Quote: “the issue of cancellation of the zeros from the Iraqi currency is linked to the security situation in the country.“  A good chance that even more stability in the fight against these terrorist is coming with the visit to Baghdad of Chairman of the Joint Chief of Staff Gen. Martin Dempsey. See the more stability there is in the security situation the faster the activation of currency reform will take place according to the governor of the CBI on October 22, 2014. 
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Aggiedad77 - I have to agree 1000% …there was indeed 8 years of pure corruption…which has now been followed by several months of a new government focused upon consistency and integrity…One where they are taking on corruption by the horns and are doing a worthy job of wrestling it into submission…and at the same time…putting together a number of committees and subcommittees who have accomplished so much in just a short period of time.  Sometimes we grow weary of this wait…and we fail to see the progress that is right before our noses. It is our job to pay attention, keep an eye on this progress, and be prepared for the day when it call comes to a head and we can celebrate.
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Tune in for our Round Table Chat w/Millionday @ 1:00PM EST – today (11/17) in the DU Chat Room!!

Read More: http://www.dinarupdates.com/
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tlm724 - Article:  “Parliamentary Finance is preparing to legislate a special law b} {banks of independence“   Quote:  ”The committee recommended in its selection of a consulting firm or person or expert group members to discuss the legislation of a special law to banks and taking the experiences of important countries, especially Switzerland respected the fact that its banking system.“   you know who is in Switzerland?  the Bank of International Settlements…and that bank is the BANK that posts and monitors the worlds exchange rates.  We are seeing so many things come into light!   I am very optimistic and in the years I have been researching…I have NEVER seen such progress!   The New GOI, from the top to the bottom, are doing the things we need to increase the value of the dinar and to move their country into it’s rightful place in the world!   just amazing!
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EXOGEN - “It’s The final Countdown”
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Aggiedad77 - Article:   “Oil: the agreement between Baghdad and Erbil is not the beginning of a final comprehensive solutions“  Of course the agreements reached this week between Baghdad and the Kurds is not the end anything...but it undoubtedly opens the doors towards the fostering of greater efforts between the two that will lead to just and constitutional outcomes for both parties…this is merely a first step for both that begins the process of rebuilding faith and trust in one another…it should lead to the HCL approval yes…but that remains to be seen…hopefully soon.
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Breaking News Oil Minister: Oil revenues to be distributed among all Iraqis

Baghdad (Forat) – The Minister of Oil, Adil Abdul Mahdi, said that Iraq’s oil revenues will be distributed among all Iraqis without discrimination according to the constitution.

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

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Millionday - WE OBVIOUSLY HAVE MANY LAWS WE ARE WAITING ON AND I HAVE GUESSED ALL ALONG THAT THE ONLY WAY THEY CAN BE CONSTITUTIONALLY SOUND AND LEGALLY COMPLIANT IS TO DO A MASSIVE PRINT OF LAWS AND ALL AT THE SAME TIME –THE UNIFIED GOVERNMENT ACTUALLY GETS ALONG VERY WELL ANDTHIS INCLUDES THE KURDS PER ANNOUNCEMENT THEY MADE SO AS THIS SAYS THE NEXT FEW DAYS WILL BE SHOWING THE PASSAGE OF MANY LAWS.  THEY HAVE BROKEN THEM DOWN TO PRIORITIES AND THE FIRST IS — FINANCIAL – WHOOOPOW!   FINANCIAL– POLITICAL–THEN ALL OTHERS.

THEY HAVE REPORTED THEY WILL NOT BE OFF WORK UNTIL THE BUDGET IS PASSED AND THEY HAVE ALSO HELD ALL HOLIDAY FOR THE PASSAGE OF LAWS THAT HAVE BEEN SITTING ON THE SHELF AS SOME OF THESE HAVE WITH GOOD REASON BUT – WE LIKE THAT 200 OR SO WILL BE DONE AT THE SAME TIME IN THE NEXT FEW DAYS – PROGRESS FOR SURE AND A HUGE CLUE THAT THEY ARE IN A DIFFERENT POSITION…SOUNDS LIKE THEY FEEL IT IS TIME TO PASS WHAT HAS BEEN ON THE SHELF.

CBI MADE AN ANNOUNCEMENT THAT THEY ARE PREPARED TO RAISE THE VALUE OF DINAR AND ALSO RELEASE THE MONETARY POLICY THEY HAVE PREPARED ALONG WITH RELEASING THE INTERNATIONAL RATES TO THE US DOLLAR.  THEY STATED THEY ARE WAITING FOR THE RIGHT TIME IN THE REPORT.  [will they be changing in country and then international or all at once?]   THE CHANGE IN VALUE OF THE DINAR TO ENTER THE MARKET ECONOMY WOULD HAVE TO BE DONE ALL AT THE SAMETIME FOR THE REFORMS TO BE SUCCESSFUL.
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Mnt Goat - The major emphasis this week appears to be the continued effort for “full” Erbil Agreement implementation.   This was the agreement signed in 2010 to help unify Iraq and list the necessary reforms and laws so they could join the rest of the world as a civilized society and a financial powerhouse.  Abadi is pushing forward in a rapid pace to implement all these reforms and laws. Let’s look at just some of this week’s progress:  The oil and gas law has its first reading and the second reading is expected for this weekend…Finally they agree. This means they now have the basis for a budget. The two are so closely interconnected.  the banks now have the coins as the auctions prevailed. The lower denoms have been ready for distribution for months now.  now fully capable of trading on NAZDAQ international exchange.  announcement this week Iraq intends to “fully” implement the Tariff law beginning in 2015.   

Unfortunately I do not see Iraq as being fully ready. This is my opinion…  I do know that Erbil Agreement is not yet fully implemented. But then again Iraq is in a state of financial crisis. I am hearing Iraq needs money desperately and they need it now.  I assure you the rate will be equal to or greater than the pre-war value. The exchange will be easy and you will be happy. I believe we are in a rare opportunity and window like never before.   In the coming days we should expect the RV.
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tlm724 - 
Article quote:   “a long series of legislative actions make waiting Legislative maturity costly and enters Iraq in more years of lost development…“   Their lack of legislative reform has stopped all progress and that includes an increase in the value of the dinar!  …exactly the point [Guru] BondLady has made all these years!   Now Iraq can go forward with laws, foreign investors and investment, trade and exports, taxes… all the things we needed to see all these years!
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Parliamentary Finance is preparing to legislate a special law

Member of the Finance Committee parliamentary Faleh sari revealed on Sunday ready for the Commission to legislate private banks law; to ensure its independence.

The sari told {Euphrates News} today that “the parliamentary Finance Committee held its meeting today, and was part of the agenda committee to discuss the budget and how to deal with the real located where the deficit, in addition to discussing the subject of banks and reduce state intervention in the banking department; because of its effect largely on the independence and the cash available and there was a great debate about the banks. “…

Read More: http://dinarupdates.com/blog/
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WMAWhite - this…says it all…and they are the ones saying this: THAT CBI HAS THE RESERVES TO SUPPORT THE JOINING OF THE INTERNATIONAL CURRENCY MARKET AND TO REVALUE THE DINAR TO THE USD AND RAISE THE PURCHASING POWER FOR THE CITIZEN AS THEY MOVE TO A MARKET ECONOMY.
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Aggiedad77 - It is early Saturday and already we are seeing more news about oil, cooperation, 2015 budget, more US intervention in Iraq…and the list will probably continue to grow today. All in all…it is news that is headed in the right direction…the cooperative efforts that we are seeing is a continuation of the promises that Abadi made when he was made PM…following after such a horrendous 8 year reign by his predecessor it will take time to put the cart back on its wheels and get it rolling again in the right direction.
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tlm724 - Article:  “Resolve the dialectic of the export of oil between Baghdad and Erbil“   they have settled ! an agreement has been made and the world rejoice!   the HCL is coming!  They are on a fast track to success.
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home7

Iraqi Dinar/Dollar auction 11-16-14

Currency Auctions Announcement No. (2818)

This daily currency auction was held in the Central Bank of Iraq on the 16-Nov-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$)               186,320,000
Total offers for buying (US$)                           186,320,000

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

MARKET RATE – 1202!!!

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Backdoc - WE HAVE SEEN IRAQ GO FROM DULY ELECTED, TO FULLY FORMED, AND NOW IT’S UP TO THEM TO SHOW OZ THEY ARE FULLY FUNCTIONAL TO COMPLETE THE REMAINING STEPS AS WE ALL AWAIT!   (Oz = IMF, WORLD BANK, U.S.TREASURY, AND CBI)  GIVE ME A “H”, GIVE ME A “C” GIVE ME A “L”.  IT’S ALL FOR ONE AND ONE FOR ALL!!     THESE ARE MY OWN THOUGHTS AND OPINIONS.
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Poppy3 - HCL, AND I AM HEARING ARTICLE 140 BOTH PASSED BUT AS OF TODAY [FRIDAY] NOT PUBLISHED BUT ARE SUPPOSED TO BE PUBLISHED TOMORROW IS WHAT HAS BEEN SAID.   I SURE HOPE SO.
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Millionday - 
[So HCL DONE OR JUST A FIX FOR THE RV TO MOVE FORWARD?]  THE HCL AND THE HCL FUNDING AND THE DISCOVERY LAW HAS BEEN COMPLETE.  [with the article 140, hcl, and erbil completed ...what now will hold up the RV?]  CBI HAS STATED THEY ARE READY AND THEY ARE HAVING WORKSHOPS TO ACTIVATE THE REFORMS SO I DONT SEE ANYTHING THAT IS HOLDING IT UP – THEY STATE THEY ARE WORKING ON THE REFORMS NOW…MEETING WITH THE KURDS TO RESOLVE ALL OF THOSE ISSUES AND IN TRANSITION TO A MARKET ECONOMY – A MARKET ECONOMY WILL REQUIRE FAIR TRADE AND A REALITY RATE THAT IS INTERNATIONALLY RECOGNIZED. 

THEY ARE IN AGREEMENTS WITH COUNTRIES SIGNING AGREEMENTS FOR INTERNATIONAL TRADE — THESE ARE BEING DONE DUE TO PREPARATION AND THEIR RELEASE FROM CHAPTER 7 AND FOR THE TRANSITION TO A MARKET ECONOMY.   EACH DAY THEY ARE HAVING HUGE MEETINGS AND WORKSHOPS – NOT LEAVING PARLIAMENT UNTIL BUDGET DONE PER ORDER AND MANY LAWS ON THE TABLE – THEY ARE USING THE OLD HCL AFTER ALL THIS TIME SO LOOKS LIKE THEY ARE IN A HURRY.

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Deputy for the Kurdistan Alliance: The government is sending a draft oil and gas law to parliament

Baghdad - MP for the Kurdistan Alliance Kaveh Mohammad, Friday, that the federal government is about to send the draft oil and gas law, to Parliament for discussion and voting on it.

He said Muhammad told all of Iraq [where] that “the federal government is about to accomplish the project of oil and gas law,” noting that “not to adopt such a law, is a constitutional void,” pointing out that “the approval solves a lot of problems between the province and the center.”…

Read More: http://dinarupdates.com/blog/
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MarkZ - Things have really been heating up. I do expect much to be thankful for before Thanksgiving. No I will not in ANYWAY narrow it down more than that. I have to play softball with you all because I have signed a NC/ND and I will not endanger myself.   I love you all but I like myself and my financial world intact!   [does that mean you have exchanged?]   no.    [If you could answer, will there be future currencies going? I mean sometime down the line after RV?]   I believe so yes. Not all currencies are ready. There is a huge push to have them all done by 2018 though…  

[Can you discuss rates?]  No on rates.  [Is this a great weekend?]  answering that could get me in warm water. [do you think we are exchanging this weekend?]   No.  [are we at the any moment time line as some have claimed?]  Yes, we are in any moment land again. The difference is that a HUGE number of controls have been put in place since the last time we were this close and got derailed.  [so chances of being derailed again? Percentage-wise in your view?]  2% TOPS  [Contract rates real too?]  yes.  I honestly haven’t been this positive and excited about where we are in sometime. I feel good about it.
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Breitling - Is it costing the value of the dinar to stay at a certain rate and not grow?  NO.  It is NOT at it’s market rate.  What would the market rate be?  The market rate would be at a true note count based on how much oil they sell (which is 90% of their economy) …but what do we have…the oil is coming out and more is coming out…but they have too much notes out there.  So it’s NOT at it’s market rate.  The reality is it was never at it’s market rate.  This is in 3 stages.  1. they need to build their infrastructure cheap…this is why we got in cause we speculated that this is not going to stay at this rate forever.  the next stage (2) is for them to form the middle class…to do that you have to give them purchasing power.[raise the rate]  the next stage (3) is for them to have an elite economy.  People might laugh cause of what’s happening but one of these days it’s going to happen.  When?  Don’t know.   This is not opinion…we are at the mercy of the CBI and they keep saying they are going to raise the rate.
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Poppy3 - …THE AGREEMENT ON THE HCL HAD BEEN REACHED BUT UNTIL LAST NIGHT THAT WASN’T CONFIRMED BUT TODAY YES IT IS CONFIRMED.  
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home7

Iraqi Dinar/Dollar auction 11-15-14

Currency Auctions Announcement No. (2817)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                9
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               97,899,000
Total offers for buying (US$)                           97,899,000

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

MARKET RATE – 1202!!!

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Millionday - LATELY WE HAVE BEEN SEEING A LOT OF REPORTS SPELLING OUT…WHAT THEY ARE TRYING TO GET DONE FOR THE ECONOMIC REFORM AND THE TRANSITION TO A MARKET ECONOMY –  WE HAVE READ ABOUT THE BUDGET (DONE), THE HCL (DONE) , THE FUNDING OF THE HCL (LAW IN PLACE FOR FUNDING), THE OIL CONTROL AND DISCOVERY (LAW IN PLACE FOR JUST THAT ), THE GOVERNMENT (IN PLACE), THE FEDERAL COUNCIL (ON AGENDA THE 15TH), THE PARTIES LAW (0N THE AGENDA FOR THE 15TH, THE LOANS (ALL AGREED ON) THE FUNDS FROM DFI (DISTRIBUTED TO GOV BANKS FOR PROGRAMS), AND THE GOVERNMENT PROGRAMS AND PLANNING ETC (READY AND IN LAW) AND WE HAVE MORE IN INVESTMENT LAWS ETC. 

SO, AS WE CAN SEE THE MANY THINGS DONE INCLUDING THE COINS BEING READY AND THE SMALL DENOMS FOR THE TRANSITION TO A MARKET ECONOMY WITH THE X-STREAM BEING PREPARED ARE ALSO VERY IMPORTANT SO MANY THINGS DONE AND MANY OTHERS I HAVE NOT EVEN LISTED THERE – AS THEY PREPARE FOR THE UPCOMING CONFERENCE THEY HAVE BEEN PREPARING FOR ALONG WITH THE UNIFIED GOVERNMENTAL PARTIES WORKING TOGETHER– ALL GREAT NEWS…
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Kaperoni - Articles:   “Oil Minister calls for respect for the oil agreement between Baghdad and the region“  ”Iraqi government, Kurds reach interim deal on oil exports“   …this is not the HCL but a Band-Aid to get both sides back in parliament to continue to work together. Those who speak leisurely saying “it’s done!” etc. are simply not aware of the process..which takes time and will continue to take time. It could be weeks if not a month or more before the HCL is passed.
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My Ladies - WOW…YESTERDAY WAS SUCH AN EXCITING DAY IN KURDISTAN…I THINK WE ARE SEEING GREAT PROGRESS BUT…WE ARE ONLY HALF WAY THERE WITH WHAT THEY ARE SHOWING US AND AGREEMENTS HAVE BEEN REACHED IN THE PAST AND THEN LATER BROKEN SO LET’S REMAIN CAUTIOUSLY OPTIMISTIC BUT GROUNDED.  YESTERDAY WAS THE FIRST STEPS THEY HAVE SHOWN US SO FAR. THE NEXT FEW DAYS WILL BE VERY TELLING. BARZANI IS EXPECTED IN BAGHDAD AND THEY WILL IRON OUT THE OTHER OUTSTANDING ISSUES HOPEFULLY.  THEY ARE DOING MANY THINGS BUT ONLY SHOWING THEM TO US IN BITS AND PIECES. THE COMING DAYS WILL BE INTERESTING FOR SURE.  IN OUR OPINION THERE IS NOT MUCH LEFT TO BE DONE BUT STILL REMAIN IN YOUR SEATS UNTIL THIS RIDE COMES TO A COMPLETE STOP.
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Kurdistan, Iraq reach deal on oil, salaries and budget

Iraqi Oil Minister Adel Abdel Mahdi with Kurdistan Prime Minister Nechirvan Barzani, in Erbil, Kurdistan region of Iraq, Photo: KRG • See Related Articles

ERBIL-Hewlêr, Kurdistan region ‘Iraq’,— Iraq’s autonomous region of Kurdistan said Thursday it had reached a breakthrough deal with Baghdad in a long-standing dispute over oil sales and salary payments…

Read More: http://dinarupdates.com/blog/
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Stryker - HCL – Now that the Oil Deal and the Budget is worked out between the Kurds and the Federal Government, the Federal Government is now completing the HCL and will be moving it to Parliament for the three readings and vote.
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Arthur - This has been a very long, arduous, and frustrating journey for all of us.  Some of us for more years than we wanna count.  We have had more false alarms than we care to remember.  Its like the boy that cried wolf has cried it so many times that now that we are potentially looking dead at the wolf running toward us with our own eyes we are just standing there not even running thinking it is just a mirage.  What finally unleashed that wolf is today’s agreement on the HCL and on all budget disputes by Baghdad and Kurdistan and by extension with all the other provinces which in essence will solidify Iraq in to one inclusive democratic government which today received  the blessing of Ban Ki Moon of the UN who announced that they have finally “concluded agreements that are in the interest of the Iraqi people.” 

…now that Zebari has just formally announced that the central government  has agreed to resume the payment of salaries of employees of the Kurdistan Region, intel has it that within days, possibly this weekend  Kurdistan leader Barzani will visit Baghdad to formally sign this agreement to ship an agreed upon amount of oil per day at which time $500 million will change hands paving the way for a full blown market economy which will by necessity include a reality rate for the Iraqi Dinar after which IMO we can legitimately say we are in an “Any Day Now” window.  So wake up and be alert my friends.  I believe this might just be the real wolf this time.
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Millionday - …WITH THE HCL ALSO WAS PASSED THE HCL FUNDING LAW — HUGE PART OF THE HCL SO THE FUNDING WILL BE DONE AS WELL…IT WAS A HUGE BLESSING TO SEE THE ECONOMIC REFORM LAW PASSED…I THINK MANY LAWS WILL BE PASSED OF GREAT IMPORTANCE ON SATURDAY…
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BGG - as per Fox ticker = HCL…HCL is DONE!!  it ran on the Fox ticker this afternoon…Baghdad and Erbil settle long standing oil and budget disputes!!

(Please listen to Nov 13th call for full story :) )
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tman23 - Jordan is the only country outside Iraq that is issuing Qi cards as of starting today [Thursday]…And the cards are being loaded with salaries…There are 2 different instances reported where people checked their balances in Jordan …one showed a balance of 123.5 and another 145…But it is being reported that the Qi card issuing center is active in Jordan…and chatter and rumor among the displaced people in Jordan is that Sunday they will be able to use it outside of Iraq…By the end of the year the smart card will be activated for international use.
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Baghdad and Erbil agree on oil View

Arbil / obelisk announced the Kurdistan Regional Government, on Thursday, for the success of the joint meeting between Nechirvan Barzani and Adel Abdul Mahdi.

He said a press release of the province got “obelisk”, a copy of it, that “the meeting of the President of the Kurdistan Regional Government, Barzani and the presence of Qubad Talabani, Vice President of the Kurdistan Regional Government, with the oil minister, Adel Abdul-Mahdi, successful and resulted in the continuation of meetings between the two sides to resolve all outstanding problems.”…

Read More: http://dinarupdates.com/blog/
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Aggiedad77 - [FOX IS...RUNNING...ARTICLE CONTENTS ON THE TV!  THEY ARE SCREAMING 14O ISSUES AND HCL, DONE---- DONE--- DONE...]   I would be inclined to agree with you…but think we may still have maybe “TWO DAYS” until the bird is “done”…I’m really excited though from the amount of news has been all over this today…and what to me is the most encouraging…we are seeing for the first time…”BOTH” sides are basically saying and agreeing to the same thing… 

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Frank26 - [with all the great news that has come out today can we get your take on it?]   We are past the HCL now.
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Kaperoni - Article:   “Baghdad and Erbil agree to convert $ 500 million of the province and the latter puts 150 000 barrels at the disposal of the Federal Government“   This was the agreement today to at least throw a bone to each other until a permanent agreement can be put in writing and signed in Baghdad...this will go a long way towards mending the relationship and will help as far as getting critical laws passed in the near future once they are put on the agenda in parliament. Do not over read this…its a step in the right direction, but it is not a complete fix nor is a passing of the HCL law…

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Millionday - [Has the HCL Law been put in the Gazett yet?]   no at least it is not announced to have been but it happens right away when it is voted and with the oil deals it is possible just not in ink.
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HUGE NEWS on Tonite’s Call 

it will be LIVE dial in

not a Click-n-Listen

760-569-7676 pin#398647

DINAR Talk INFO Call

w/BGG - from Nov 13th

Recorded - Smart phone user link – Click here

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tman23 - I have a copy of the FOGL (HCL) 2011 draft law and the changes recommended by a committee in Norway…Most of this deals with clarifying language…and they are dealing with who owns the pipelines and in regards to pipeline fees and the maintenance…There is much to be agreed upon but in context they agreed to agree…The devil is in the details and that is what they are discussing…As stated on Monday…Done Deal!
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Millionday - Article quote:   ”Parliament agreed to cancel the 2014 budget transfers and salary scale and job grades and salary increases social welfare allocations to the budget in 2015, “noting that “the 2014 budget will be presented in the form of the amounts that were paid this year bonds“   THAT IS NOT WHAT IT SEEMS…IT IS NOT TALKING ABOUT CANCELLING THE BUDGET.  IT SAYS THE PROJECT AND IT MEANS THE PROJECTS THAT WOULD HAVE BEEN CALCULATED IN THIS BUDGET SO THEY WILL BE TRANSFERRED TO THE 2015 BUDGET DUE TO THE MANY UNFORESEEN EXPENSES — THE TERRORIST FIGHTING AND SOME OTHER EXPENSES.

SO IT DOES NOT AND I REPEAT — DOES NOT MEAN THE 2014 BUDGET IS CANCELLED.  IT MEANS SOME OF THE PROJECTS WILL BE EXPENSED IN THE 2015 BUDGET THAT WERE PLANNED FOR THIS ONE.  SO KNOW THAT THE BUDGET 2014 IS DONE AND BEING RESPECTED AND MANY THINGS WILL BE MOVED TO THE 2015 BUDGET.   [do you think RV will be postponed to 2015 budget since Iraq has a lot of catching up to do?]  ACTUALLY I DO HAVE A REPORT…THAT MAKES IT VERY CLEAR AND USES THE WORD REVALUE AS TO WHAT THEY ARE DOING RIGHT NOW — VERY EXCITING TIME TO SAY THE LEAST.
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tlm724 - Article:  “Kurdistan Regional Government approves draft law to regulate the management of oil wealth and oil revenues and fund resources“  Quote:  “they relate to discuss and approve the ‘oil and gas resources in the Fund Kurdistan Region of Iraq Law’ where Satzhb entire oil and gas revenues in the Kurdistan Region to this fund.  After extensive discussions and observations put forward by the Minister, was ratified this law, also decided to allocate it to the Parliament.”  they have finally worked out the details!!  it is happening before our eyes. All these points have been well received, there is a mutual understanding between Baghdad and Kurdistan and this will lead to ratification of the HCL…they have come to an understanding with Baghdad …Just amazing!
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Dinar Talk INFO Call

w/BGG – from Nov 13th

Click-n-listen

Smart phone user link – Click here

Quicktolegit96: sassy, best call yet!! (the 11th)

Dinar Dave: It was a GREAT call…. Thank you so much!! (the 11th)
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tman23 - In email I’m told people in Iraq (all over government) are receiving salaries today [Wednesday]…And in Turkey there are announcements confirmed that Qi Card has opened a distribution center for the card…this is also along with Jordan and Lebanon…Rumor, chatter or whatever it is to be labeled…It is being said that the Qi card is “expected” for use on the 16th…Sunday out of the country…And supposedly they have a Iraqi soccer game taking place at 20:00 hour Friday?  And chatter of a victory for the trophy pays citizens 25 000 …( that is the way it is in email 25 000 ) so you decide what it is LOL!   This is the 2nd time I have heard the 16th date from 2 different people regarding ability to use the smart card out of the country.
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Millionday - TODAY [WEDNESDAY] THEY DECIDED THAT THEY ARE GOING TO ADOPT THE OLD OIL AND GAS LAW AND WORK ON THE OTHER WHEN THEY CAN GET ALONG ENOUGH TO MOVE FORWARD WITH IT — ALSO THE LAW OF THE EMPLOYEES SALARIES LAW/SCALE (OBVIOUSLY) AND THE NATIONAL OIL COMPANY FINALLY – THE HUSTLE AND BUSTLE IS ON – WE HAVE THE OIL AND GAS LAW — THE OIL AND GAS REVENUE LAW — THE NATIONAL COMPANY OIL LAW –THE CORPORATE LAW– AND THE LAW TO AMEND THE REFINERIES INVESTMENT LAW – WE LOVE ACTION – AND LET ME SAY IF THEY ARE RUNNING OUT OF TIME TO MOVE FORWARD WITH THE OIL AND GAS LAW THEY HAVE WORKED SO HARD ON — THEY ARE SEEMING TO BE IN A HURRY.  [what do we have to see in writing to know the HCL is complete?] THE HCL PRINTED IN THE GAZETTE WITH ALL OTHER LAWS AT THE SAME TIME.
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Kaperoni - I know many are looking for the economic laws, but the last few days several articles have asked for then naming of the heads of the parliamentary committees.  Until that is done, the laws we all want to see in parliament will not occur. 
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Adam Montana - [what are your sources telling you regarding HCL happening by the end of the month?  Are they hearing rumblings that the Parliament might be on the verge of something big?]  I can say “YES” to every…one of those.   [Soooooo .10?]  I’m still sticking to it – it’s not set in stone, but it makes sense.
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Kaperoni - ...the Law of Indebitness… Moving to IMF Article VIII and a new exchange regime which will let the dinar begin to rise can happen at any time. In fact, I want to say now..I do not expect anything to happen until at least mid Jan or even laterSeveral laws need to be passed, security needs to be at an acceptable level, and the CBI needs to request to exit Article XIV from the IMF via written request and accepted by the IMF.  I am a realist, looking out late Jan -March is probably a good timeframe for them to accomplish all of that.
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Millionday - THEY ARE GOING TO HAVE THE MEETING OF CBI-OIL-PLANNING-AND FINANCE — OBVIOUSLY A VERY IMPORTANT MEETING…THEY ARE BRINGING UP AGAIN CBI IS NOT TO USE THE RESERVES FOR INVESTMENT BECAUSE IT IS TO COVER THE RATE OF THE DINAR.  THEY ARE SAYING THAT THEY NEED TO PRESERVE THE RESERVES SO THAT THEY CAN LAUNCH THE REALITY OF THE ECONOMIC REFORM.  FIRST THING NEEDED FOR ECONOMIC REFORM IS MONETARY REFORM TO HAVE A REALITY RATE FOR INTERNATIONAL TRADE AND ALSO THEIR STOCK MARKET — CANT JUST HAVE A MADE UP RATE AND VALUE THAT DOES NOT MAKE SENSE.
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home7

Iraqi Dinar/Dollar auction 11-13-14

Currency Auctions Announcement No. (2816)

This daily currency auction was held in the Central Bank of Iraq on the 13-Nov-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$)               173,983,000
Total offers for buying (US$)                           173,983,000

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

MARKET RATE – 1201!!!

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Adam Montana - I’m a bit excited right now and there’s no reason for that feeling to lessen at this time. The Iraqi Government is still making more progress in less time than ever before.  HCL: Is on the table in a big way – we’re seeing 3 or 4X the normal amount of articles on the subject, and every single one of them is encouraging.  Quote: “there are many laws that will be discussed, notably the oil and gas and the law of the employees’ salaries and the law of the national oil company law.  Ebadi said in a statement to the newspaper “morning”, said the law, which will be discussed today…“   That is happening NOW, as I type this! 

ISIS:   It’s being reported that ISIS is failing in Kobane thanks to Kurdish and Syrian forces. Iraq has recovered one of the military bases that ISIS was reported to have taken from Iraq. There are more examples, but the bottom line is simple - like I reported a couple weeks ago, ISIS is not enough of a threat anymore to even worry that it will hinder a currency revaluation.  The things that need to be done are getting done, and unless something major goes wrong… things are all good for us! 
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Arthur - We are simply waiting on the final implementation of the Oil and Gas Law (HCL).  The new HCL that was drafted with all of the amendments included was too contentious and they have ran out of negotiation time per the PTB and must get something implemented now so they have been forced to backtrack and implement the old HCL for the time being just too get this thing done.  In the next few days we should see this finally completed at which time full blown currency reform will be allowed to commence.

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tman23 - Announced Qi card/Mastercard for Iraqi’s can be now be aquired Jordan and Lebabon (at one location each country)…Iraqi’s must have a passport and Civil Service Staus papers…People ask the location of ports (banks to get cash off the card)…They are just issuing right now, the people don’t undertstand yet that these cards will work in all ATM’s…etc…once the acrd is activated internationally.
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home7

Iraqi Dinar/Dollar auction 11-12-14

Currency Auctions Announcement No. (2815)

This daily currency auction was held in the Central Bank of Iraq on the 12-Nov-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$)               208,930,000
Total offers for buying (US$)                           208,930,000

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

MARKET RATE – 1199!!!

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Kaperoni - Iraq Economic Brief:    Ok, let’s break this down…”The Commission pointed out: that «the present time appropriate for the application of the project, especially since Iraq has returned to the regional and international environment after the new government’s policy to strengthen relations with all countries, where the central bank will begin the implementation of the project in the form of stages», calling on the central bank to «start implementing the initial stages the beginning of the year 2015 ».”   Love this part…”«the central bank and in conjunction with the implementation of the project to delete the three zeroes from the paper currency currently in circulation, will issue a metal coins from multiple categories to overcome the economic crisis, which may get a peer process of deleting the zeros», adding that «the launch of the project Coins take between four to five years and will be the launch of which categories of small coins gradually. »”
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Adam Montana - Awesome stuff coming out of Iraq – it’s getting hot in here!   Article:  “Iraqi PM’s Office: We Will Reach Agreement With Erbil Soon“   This is HUGE!  &  HCL has been read!  Article:  “Deputy for the National: oil and gas law has read it and we are waiting for the Commission sent“  I’m getting excited – we are seeing more progress in a shorter amount of time than EVER before.
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BGG - Article:   “The arrival of the draft oil and gas law amended to parliament for approval   This is big news…BIG NEWS for them, not as big for us. IMHO the only thing we need to see is THE NEW RATE. 
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Dinar Talk INFO Call

w/BGG – from Nov 11th

Click-n-listen

Smart phone user link – Click here

Quicktolegit96: sassy, best call yet!!

Dinar Dave: It was a GREAT call…. Thank you so much!!

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tlm724 - Article:  “House of Representatives ends the first reading of the three laws“  Quote:  “Council completed the first reading of the draft census law submitted by the committee of economy and investment , which aims to organize the census process in accordance with the provisions of the Constitution…“  The Census Law is very important in the big picture. The GOI cannot allocate appropriate funds without the correct numbers for the population and this includes but is not limited to the oil profits for the people! The census needs to be done before the profits in the HCL law can be disbursed.
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pinocchio-smileyLONG copyEXOGEN - Article:  “The Baghdad-Based Exchange is Now Operating the Most Widely Deployed Trading Platform in the World“  Quote:  “NEW YORK and BAGHDAD, Iraq, Nov. 11, 2014 (GLOBE NEWSWIRE) — Nasdaq NDAQ, +0.34% and the Iraq Stock Exchange (ISX) announced today the successful on-scheduled go-live of the X-stream Trading technology, which replaced the existing Horizon platform.”  THEY CAN NOT DO THIS WITHOUT A RATE CORRECT, WHICH TIES TO IMF ARTICLE 8 IN CONJUNCTION WITH THEIR SANCTIONS. CORRECT.   THIS IS BIG!!!  Quote: “trading platform that complies with international standards
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tman23 - On Monday Kurdistan Region Prime Minister Nechirvan Barzani will address the Kurdistan Parliament to talk about KRG oil and gas policies and layout the government plans for oil and gas…THIS ALONG WITH THE HCL BEING IN PARLIAMENT SAYS ONE THING…DONE DEAL!
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pinocchio-smileyLONG copyDM - If you think about what is happening concerning the three zero LOP.   It actually happened in the USA!   We used to have bills in these denominations, $1,000, $5,000 and $10,000. The USA wanted to get rid of these high denominations bills just like Iraq is wanting to do now. Our monetary value did not change! What happened is the value stayed the same, we got ten $100 bills instead of a $1,000 bill and so on…Until all of the higher denomination bills were out of circulation. This is what I believe is what will happen in Iraq!

(Pure boloney – I will adress this on the Call tonite)
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Iraqi PM: We Will Reach Agreement With Erbil Soon

BasNews, Erbil - Spokesman for the Iraqi Prime Minister’s Office, Saed Hadisi has said that there is hope in the search for a solution to the disputes between Baghdad and Erbil.

He believes that the federal government of Baghdad has ’good intentions’…

…He continued, “When we voted for Haidar Abadi as Iraqi PM, he set a time limit for solving the disputes [addressing Kurdish demands] within three months, which is a good thing. We hope the government will solve the problems in the remaining time.”… (about 30 days left)

Read More: http://dinarupdates.com/blog/
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Millionday - HCL IN PARLIAMENT IMO DOES NOT SAY DONE DEAL — IT SAYS HURRY UP AND VOTE… HCL IS IN PARLIAMENT BUT IT BEING PARLIAMENT DOES NOT IMO SAY IT IS DONE YET.
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tlm724 - Some very exciting things are happening in Iraq this week but I want to concentrate on the Investment Law of 2006 for just a few minutes. This law is on parliaments agenda for Nov 11th for it’s first reading.    Haidar al-Abadi, head of the Economic Committee in the Iraqi parliament, said that “We hope the new law will boost the Iraqi economy by reducing unemployment, qualified Iraqis to develop Iraqi capabilities, and raising the standard of living of Iraqi citizens in general.“   Yes that is the new Prime Minister Abadi!  He was head of the Economic Committee.   He was the one who helped write this law.  He will make sure the economic laws we seek will be presented to parliament and with Jubouri at his side we will see them all come to pass!

It is noteworthy that this law does not deal with the related issue of investment in the oil sector, where the Iraqi government is scheduled to prepare before the end of the current year a bill and send it to Parliament for approval. This law and all that it affords will turn Iraq around economically and not only will this law help the Iraqi’s but it will assure investors that they are protected and receive tax breaks etc… Talk about creating an atmosphere of confidence, the passage of this law after 8 years on the books will do it!
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home7

Iraqi Dinar/Dollar auction 11-11-14

Currency Auctions Announcement No. (2814)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                12
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               126,325,000
Total offers for buying (US$)                           126,325,000

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

MARKET RATE – 1199!!!

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Poppy3 - …THEY ARE VERY DIFFERENT FROM KUWAIT IN MANY WAYS BUT THEY ARE VERY LIKE THEM IN OTHERS. THE MAIN DIFFERENCE IS KUWAIT HAD A FUNCTIONAL GOI AT THE END OF THEIR WAR AND ONLY TOOK 3 YEARS TO GET BACK RUNNING WITH THEIR NEW RATE, WHERE IRAQ HAS BUILT A COMPLETE NEW GOI AND ARE STILL TRYING TO GET IT RUNNING.   I AM SURE THEY KNOW THE RATE RANGE BUT THEY WILL NEVER SHARE WITH ANYONE TILL THE RELEASE.  
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WMAWhite - [CITIZENS OF KARBALA DEMANDING DELETE ZEROS FROM CURRENCY...what does this mean...if anything?]    I believe it is very good that more folks from outside of Baghdad are calling for the same thing.

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BGG - [how u feeling about all of this honestly?  i know u are excited, on a scale 1 to 10?]  8
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Kaperoni - Article:  “The arrival of the draft oil and gas law amended to parliament for approval“   Quote:   ”The Commission on oil and energy parliamentary strive to end all differences of political blocs on some paragraphs of the oil and gas law to reach a final agreement and vote on it during the next few days…“  Well let’s see if it makes the schedule in the next few days.
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Freeway Bill - Well, we are certainly excited, frustrated, confused, dismayed, uplifted, beat down, but the sun still shines…   Obama is not stopping this, Putin is not stopping it, the CBI is ready and so are we….
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Jordan asks Iraq for repayment of business debts

Representatives of businesses in Jordan are asking the government in Iraq to cover payments for goods supplied during the Saddam era, informed sources have claimed. The amount being sought is around $522 million…

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

BGG ~ Two things immediately come to mind -

1) Obviously - Iraq is no stranger to “oil at a preferential rate in return for XYZ…” – which may lend some credibility to previous rumors of an “oil for Dinar trade” at some later date…

2) Jordan apparently thinks Iraq is about to come into some “mysterious windfall” 1/2 Bil for private businesses and 1 Bil for the Central Bank of Jordan is a lot of money…

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Millionday - THERE WAS SOMEONE…SAYING THAT THE CURRENCY OF IRAQ WAS GOING TO BE LESSENED IN VALUE BY 3 ZEROS FOR US ALL AND THE VALUE OF WHAT YOU HOLD WOULD BE THAT MUCH LESS TO START WITH AND IRAQ WAS GOING TO BLEEP US — THAT IS ABSOLUTELY THE MOST MISINFORMED STATEMENT I HAVE HEARD IN THE WHOLE INVESTMENT.  CURRENCY IS NOT JUST A PIECE OF PAPER — IT IS A LEGAL DOCUMENT AND IS SIGNED BY OFFICIALS IN EACH COUNTRY — LOOK AT ONE YOU HAVE…THE CONFUSION…LIES IN THE IN COUNTRY AND OUT COUNTRY CONFUSION WITHIN NEWS — OBVIOUSLY.

THAT BILL WILL REPRESENT THAT AMOUNT AND THEY MAY GIVE REGULATIONS AS TO HOW LONG YOU HAVE TO EXCHANGE IN ALL COUNTRIES AS THIS IS NOT UNCOMMON.  YOUR DINAR OR YOUR DOLLAR OR YEN WILL NEVER JUST BE AS IF IT HAS A DIFFERENT NUMBER ON IT.   THAT IS SILLY AND AGAINST INTERNATIONAL LAW OR WORLD ECONOMICS WOULD BE IN THE TOILET.IN THE COUNTRY THEY ARE PULLING THE THREE ZERO CURRENCY — NOT REMOVING BY PEN OR FIRE THE 3 ZEROS – THEY WILL REDENOMINATE IN THE COUNTRY AS THEY HAVE STATED OR NOT — AND OUT SIDE THE COUNTRY AN EXCHANGE RATE WILL BE SET FOR ALL COUNTRIES — YOU HAVE A FACE VALUE PAIRED TO WHAT THAT VALUE IS IN YOUR COUNTRY – AND EVEN NOW YOU HAVE A FACE VALUE AMOUNT PAIRED TO WHAT COUNTRY YOU LIVE IN – YOU MAY GO TODAY AND DO WHAT YOU WOULD DO AT A HIGHER RATE — EXCHANGE FOR THE VALUE LISTED.

THAT BILL WILL REPRESENT THAT AMOUNT AND THEY MAY GIVE REGULATIONS AS TO HOW LONG YOU HAVE TO EXCHANGE IN ALL COUNTRIES AS THIS IS NOT UNCOMMON.  YOUR DINAR OR YOUR DOLLAR OR YEN WILL NEVER JUST BE AS IF IT HAS A DIFFERENT NUMBER ON IT.   THAT IS SILLY AND AGAINST INTERNATIONAL LAW OR WORLD ECONOMICS WOULD BE IN THE TOILET. 
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We will not rest until we see al-Maliki on trial in The Hague International

Treasures Media / Baghdad - pledged spokesman Mahmoud Sarkhi, accountability and the prosecution of former Prime Minister Nuri al-Maliki, for what he described as a (crime), who practiced that era, the right of the Iraqi people.

Said Ahmed Hafizi, in an interview with the newspaper “home” Saudi Arabia, “The Sarkhi will not rest his pal, what did not see the former Iraqi Prime Minister Nuri al-Maliki, on trial in The Hague International Court,” stressing at the same time to “possess overwhelming evidence, Stqsam afternoon Maliki, “he said.

Hafizi added, that “the reference Sarkhi the process of developing this evidence custody of the International Criminal Court in The Hague.”…

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

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Aggiedad77 - This is just my take on the info that Delta brought and the article about Karbala…this is NOT the CBI talking…it is merely the citizens of Karbala province that have been asked their opinion…Wait until we hear from the CBI.
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Kaperoni - Article:  “Deputies: resolving the label presidencies of parliamentary committees in two days“    Quote:  “Congress expressed optimism decisively Parliament and political blocs naming heads of standing committees during the next two days. While stressing the importance of resolving this file as soon as possible in order to approve the delayed laws…“   This is big news.  Obviously this has slowed down the process of passing the delayed economic/banking laws.  Lets hope they get this done this week so they can focus on the laws!
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home7

Iraqi Dinar/Dollar auction 11-10-14

Currency Auctions Announcement No. (2813)

This daily currency auction was held in the Central Bank of Iraq on the 10-Nov-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$)               197,622,000
Total offers for buying (US$)                           197,622,000

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

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Nova - Just My Two Cents on 25,000 to 2500…This Is Where Lots Of Folks Derail On The Delete/Drop/Remove The Zeros. They’re Not Talking About The Zeros On The Currency, Its The Rate.  The Current Rate Is .00086.  Remove Two Zeros And You Get .086 or $.10.  Remove Three And You Get .86 or $1.17 to $1.25 Depending On Where The Dollar Is At That Time.  I Believe If All We See Is The Removal Of Zeros It Will Be All Three.
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Millionday - …KUWAIT HAS OIL AS 94%  OF THEIR REVENUES AND ALSO HAVE COMPLETED THEIR BUDGET WITH 75$ PER BARREL AND ARE ABLE TO CARRY A WORLD RATE THAT IS NOT BAD  JUST A NOTE.
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tman23 - [It would be so helpful if they just let us know the timeline, with finished date included.]  WE have the date…those zeros will NOT be there starting 2015…I am absolutely positive!  …we are in the MOMENT… and can see a change at anytime, but IMO as nobody likes backwalls…The start of 2015 is the backwall.   It’s right in front of everyone…MONETARY CHANGE!  How they execute it is unknown…how the 3 zero notes we hold are to be valued is unknown…I do not feel I am going out on a weak limb stating that the reform change will be with the opening of 2015.

I don’t know what the value of a 25,000 k note will be at the start of the reform…I could give a couple scenarios that are logical that nobody would like…I could give the $3.58 number that is not so logical but everyone loves…OR I could just say as I simply have…I DONT KNOWBut I do strongly believe 100% that by or the start of 2015 the zeros will be dealt with in some fashion of a monetary reform inside Iraq.
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Specialists: local banks not affected by the security situation and growing by 10%

BAGHDAD / JD / .. Despite the extraordinary security conditions experienced by the country during the last few months, but the local banks experiencing ongoing activity and an increase in financial deposits and growing up rate of more than 10% during the third quarter of the current year, according to experts and specialists in the financial affairs and banking, where Benoit that private banks have fully prepared in the financing of small and medium enterprises and contribute to the promotion of economic development, calling for the federal government to deal with private banks and encourage them to actively contribute to the financing of investment projects of the country…

Read More: http://dinarupdates.com/blog/
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Delta - URGENT FROM IRAQIA TV:  CITIZENS OF KARBALA DEMANDING DELETE ZEROS FROM CURRENCY…THIS REPORT FROM TV IS SHOWING THAT CITIZEN ASKING CBI TO DELETE ZERO FROM CURRENCY AND THEY GAVE EXAMPLE THAT 25000 WILL HAVE 2500 PURCHASING POWER.  THAT’S $.10!  …WE HAVE TO WAIT AND SEE WHAT THE CBI WILL DO!
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tlm724 - Article:  “Army cleanses the 16 villages in the liberation of the Heat campaign”   *hallelujah* they are **  “one day away from the victory of the security forces in Baiji, and raising the Iraqi flag amid the judiciary, heroes of the armed forces and the sons of tribal folk and the crowd launched yesterday, a massive attack from several directions to cleanse eliminate the Heat in Anbar.oukal chairman of Anbar province…”  look at them go!!! Raising that Iraqi flag.  The tide is definitely turning in Iraq’s favor.
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Millionday - THIS PAST SUNDAY THEY STARTED WORKING ON THE ISX – THERE IS NO WAY TO TELL HOW SUCCESSFUL THE ISX IS AT THIS POINT UNTIL INVESTORS AND THE WORLD TAKES PART.   THEY ARE WORKING ON THE X-STREAM AND ALL OF ITS UPGRADES ETC — GREAT NEWS – THEY TOO ARE IN THE MIDDLE OF WORKING ON THE ESX TO START TRADING…BY THE END OF 2014.   THEY DID NOT HIT AUGUST BECAUSE THEY DID NOT HAVE ENOUGH COMPANIES IN THE ESX.  THEY HAVE BEEN WORKING TOWARD INTERTWINING TO HELP BOTH MARKETS AND MAKE MORE OF AN IMPACT.  [...do we seem to get the same news over and over again just rewording it in a different way?  Ex. They said the ISX a week ago was ready.]   NO…THIS IS NEW THAT THEY ARE WORKING TO GO GLOBAL.
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home7

Iraqi Dinar/Dollar auction 11-09-14

Currency Auctions Announcement No. (2812)

This daily currency auction was held in the Central Bank of Iraq on the 09-Nov-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                15
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               159,434,000
Total offers for buying (US$)                           159,434,000

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

Market Rate. 1199 !!!

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Millionday - WE ARE SENDING TRAINERS TO IRAQ AND MORE MILITARY HELP — THE NUMBERS WILL DOUBLE AND THE TOTAL IS 1500–1800.  [havn't heard much about how we are doing against ISIS, whats the real story , are we making progress against them?]  YES WE HAVE SOME REPORTS –  AND ACTUALLY THE IRAQIS ARE DOING GREAT AND ARE CLEARING TOWNS ON THE GROUND AS WELL…MAKING HUGE SUCCESS.
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Poppy3 - I TOLD YA’LL WEEKS AGO THEY HAD SAID WE WILL SEE RATE CHANGE BY JAN 1.  THEY ARE IN A HURRY AND IF THINGS ARE POSITIONED RIGHT THEY CAN PULL THE TRIGGER AT ANYTIME BETWEEN NOW AND THEN EVERY DAY.  
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TD - [as clearly relayed before - deleted] – Complete BS
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Randy K e-mail – How are you makin it?

I am adding a date to archive… Saturday, November 8, 2014

First Off no one has cashed in.. there are no large groups that have cashed in and they now have to sign a Non-Disclosure… that is BS..

This has been an event driven thing up until now… all the events have happened and we are just waiting for the political powers “Obama” to be pressured enough to let her go.
I have waited on sending out an note because of all the non-sense on the internet… about the ISX for Iraq they would have to RV.. Budgets, Global Resets, New Bills printed, some of the articles are reprinted from years ago… All the Currency Articles including the Coins being put out are 2009 articles, so do not jump yet……

One of the questions I get asked 20 times a day is how long can Obama hold this off….. well technically until his term is up…. but the pressure right now is extremely difficult for him to wait… One of the hardest things for them to wait on is the Iraqi army will not stay together without getting paid… which is where we are at. Since they need to keep the army together, they will need to pay them…. If you noticed that Iraq passed a provisional budget between now and the 1st of the year… that budget has the lower exchange rate in it….. what I mean by that Iraq is just going to pay some dinar to army and some of the others that they owe money to…

Please be patient with this since there is nothing left to show and the only thing is Obama and the PM of Iraq then it will just show and I believe before the end of the year… because of the Provisional budget.. now can they wait yes but since US just sent in more advisors I believe the US really needs the Iraqi army to stay together…So with no money it will be almost impossible…. So we are in another pressure point until thanksgiving…

Do not fall for groups that have cashed in.. that is BS and that you can get a a rate above 4 dollars again another fantasy….. the other is the only group that means a thing is the one you put together to go to a bank with… .. Be sure and protect each other over people that tell you things that just are not true like there is going to be a LOP “sorry but there is NO LOP’ There is a lot of currencies that might lop Vietnamese dong is one.. Iraq will not… It also will be a managed float meaning once it comes out it will stay that rate until someone wants it to move.

Lots of signs for it being within next two weeks, So hang in there and if and when I need to let something out I will let you know.

And if you guys are in Midland area then we might just go smoke a cigar LOL…

We are close.. Every large bank will exchange..

Breathe,

Check www.cbi.iq every day to see if it has changed… do not take a guru or a post about in country RV or any thing else do not be fooled just

Do not let your emotions get to you.

BREATHE – BREATHE……… Yes I will do a meeting after the RV…… do not worry I will send out email…..

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Millionday - THE HCL IS VERY IMPORTANT DUE TO THE FACT THAT THE LARGEST % OF REVENUES ARE OIL IN IRAQ – SO IT WILL BE FUNDED BY MOSTLY OIL FOR A WHILE UNTIL THE PRIVATE SECTOR GETS ROLLING AND PRODUCING TAXES AND FEES AND ALL THAT WILL BE REVENUES FOR THE COUNTRY.
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tman23 - WE have the date…….those zeros will NOT be there starting 2015……I am absolutely positive !!!
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home7

Iraqi Dinar/Dollar auction 11-08-14

Currency Auctions Announcement No. (2811)

This daily currency auction was held in the Central Bank of Iraq on the 08-Nov-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                8
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               88,797,000
Total offers for buying (US$)                           88,797,000

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

Market Rate. 1199 !!!

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Poppy3 - LESS THAN 2% OF PEOPLE IN AMERICA OWN DINAR. THERE IS ZERO 800 NUMBERS AND NO RUSHES ON THE BANKS…THERE ARE NOT ENOUGH INVESTORS FOR THAT…THIS WILL NOT EVEN EQUAL A FRIDAY PAYDAY CROWD AT THE BANK, IN FACT NO WHERE NEAR AS MANY.
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Breitling - Article:  “5 year delay in the dinar and the project…”  What people don’t realize is that is a remarkably good article for us!  I don’t know if it’s true or not but it has to do with them coming up with their new currency, it has nothing to do with the currency you and I have now.  Does this mean the dinar is not going to revalue until after 5 years?  They DON’T need a new currency for the currency you and I have to revalue because it’s a note count issue…it’s very very simple.  This article makes the currency you and I are sitting on that much more important.  It means the value is going to go up and that’s the currency they are going to depend on.  Everybody thinks the notes with the 3 zeros on it is going to be a problem…NO it doesn’t…they just have to move decimals over and that’s it…very very simple.
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Stryker - QUOTE: “Prime Minister Haider al-Abadi, transfer of powers of the eight ministries of service to the provincial councils“     If this is true Iraq has a REAL power sharing government with power given to the provinces.

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

Commercial Solicitation

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Poppy3 - …FRIDAY THEIR HOLY DAY AND THEY HAVE HAD TWO OF THE LARGEST FINANCIAL AND GOI MEETING OF THE YEAR YET…THEY WANT THIS RATE RELEASE AS BAD AS WE DO.
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tman23 - Note;   that by orders of the CBI to the Department of Commerce…All registered “financials” to cancel holiday (working Friday and Saturday”s) to complete financial transformation…END.
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BGG - Article:  “The private sector contributes to increase the value of the dinar “  Quote:  noting that it was an urgent necessity that the country is about to increase its exports of crude, Baidhani called finally to revalue Iraqi dinar increased purchasing power because of its profound impact on the development of economic reality and give additional force to currency [and] strengthen confidence among the world’s currency markets, especially that [the] dinar is covered by a cash reserve to be reckoned with.   This is the HUGE NEWS of the WEEK!!  This same economist was on Iraqi TV right after this was published and saying essentially the same thing.

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The private sector contributes to increase the value of the dinar

Baghdad – Mostafa Hashemi - Many wonder why the high purchasing power of the dinar since years now despite having a good cover of gold and hard currency as well as the high oil exports improved against the dollar, when the exchange rate continues to improve with increasing salaries…

…noting that it was an urgent necessity that the country is about to increase its exports of crude , Baidhani called finally to revalue Iraqi dinar increased purchasing power because of its profound impact on the development of economic reality and give additional force to currency [and] strengthen confidence among the world’s currency markets, especially that [the] dinar is covered by a cash reserve to be reckoned with.

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

BGG ~ This is the HUGE NEWS of the WEEK!! Last paragraph is plain as day.

P.S. This same economist was on Iraqi TV right after this was published and saying essentially the same thing.

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Jester - …MANY PEOPLE ARE TALKING ABOUT MID TO END OF NOVEMBER…WE BEEN SAYING THAT FOR SEVERAL WEEKS…I AM NOT GOING TO BE HERE MUCH LONGER…WHEN THIS GOES DOWN… I HAVE TOLD YOU THE GROUPS WILL BE FIRST DO YOU SERIOUSLY THINK THAT I AM NOT CONNECTED ENOUGH TO BE IN THAT CATEGORY… BECAUSE WHEN I DISAPPEAR YOU WILL KNOW WHAT HAS HAPPENED…I DO NOT BELIEVE YOU HAVE MUCH TIME LEFT…BUT THERE IS STILL THINGS THAT CAN GO WRONG…WE ARE ALL PRAYING THIS IS FINALLY THE END GAME.
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Millionday - THEY ARE TALKING ABOUT THE LACK OF USING DINAR TO FUND THE SMART CARD DISTRIBUTIONS. THE CARD WILL BE GLOBAL PER REPORTS AND WILL BE MANAGED BY VISA.  THE MINISTER OF COMMUNICATIONS WILL BE WATCHING THE PROJECT AND MONITORING IT – THEY SAY BY THE END OF THE YEAR — THAT LEAVES THE DATE OPEN AS WITH EVERYTHING ELSE…SOUNDS LIKE THEY ARE WORKING ON MOVING FORWARD TO A MARKET ECONOMY.

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Mnt Goat - I have to say this 2014 budget issue is a done deal. They are not going to formally announce a voting on the budget since much of the detailed project are being rolled over to 2015. I have had many long conversations with my CBI contact…and he talked about some of the programs they have instituted to assist in fighting current and future counterfeiting and financial corruption. He also gave me some insight as to collecting the older, original 3 zero notes and why it is imperative to get them too out of circulation and do it quickly once the RV happens.  I believe we are in a rare opportunity and window like never before. In the coming days…not weeks…we should expect the RV.
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Alusi: Daash unable currency counterfeiting

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - President of the Civic Democratic Alliance confirmed Alusi, on Friday, that the gangs Aldaashah incapable of falsification of local or foreign currency, in order to provide liquidity in the areas controlled by them.

He explained Alaolci’s (IMN) that “the Iraqi currency are high quality specifications of printing and paper, and can not be counterfeited by Daash terrorist gangs”. Noting that “Daash unable to provide cash fake.”

A member of the Committee on Economy and Investment parliamentary Ali al-Maliki, earlier, the central bank promised to remove the zeros of the currency over the next five years and make it tamper-proof…

Read More: http://dinarupdates.com/blog/
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Frank26 - I believe this year we have seen a number of impressive MR steps laid out.  These steps have allowed LAWS and ECONOMIC instruments to prepare themselves for a…NEW and INTERNATIONALLY capable IQD RATE.   READY is my last 10 years in this investment…SET is for this year and GO is…Now.  Two Sunday’s ago they launched a signal of algorithm data.  Last SUNDAY it ended.  What will they do this Sunday?
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tman23 - The G19 (20) Russia excluded is making a move…By the article from the CBI it is the World Bank that is directing Iraq monetary policies...In ink a World Bank delegation is set to meet with Iraqi officials…It is IMO that the CBI governor, Jabouri, Zabari and Abadi do not know the planning of the IMF and World Bank…What I’m saying is I don’t believe they are informed of a rate etc. for their currency…it may be laid out for them hours before we see the releaseI am of the opinion that when the World Bank delegation arrives…they hold the keys to release the IQD internationally

Abadi will be in Erbil to meet with the Kurds on the oil agreement…That should be concluded this weekend…FINGERS CROSSED…This HCL agreement is and always has been a key component to this investment!  If this agreement is reached then expect the World Bank delegation…on a “any day arrival” time frame…IMO…I don’t see how Iraq opens the start of 2015 with an immediate change in monetary policy…I believe they need to open that door at least 30 days in advance.

Worse case scenario is 54 days in having confirmed information on exactly what their intentions are…Right now…54 days left in this year…Again IMO…This cat and mouse game over economic reform far exceeds “a neutral event”… And Legardes speech a few weeks ago she said…Iraq’s (used a term for undervalued) currency has served them well and the time has come to “gradually liberate the exchange rate”…She can say gradual etc.. I certainly never expect her to say reinstate the rate etc..etc… But the point is she addressed the undervaluation and called for time to change.
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Delta - I BELIEVE WE WILL SEE SOMETHING GOOD THIS COMING WEEK.
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Dinar Updates ‏@DinarUpdates  39s39 seconds ago

Kind of curious – “Daash unable – counterfeit” if their currency is (or will remain) worthless, why the infatuation with counterfeiting??

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Poppy3 - WHAT AND HOW MUCH FINANCIAL MOVES ARE INVOLVED OR FINANCIALLY REQUIRED BEFORE THEY FEEL CONFIDENT TO MAKE AN INCREASE IN THE RATE IS UNKNOWN.  REMEMBER THEY CONSTANTLY CHANGE THEIR MINDS ON WHAT DOES AND DOESN’T WORK FOR THEM THEY AGREE AND TWO DAYS DISAGREE ON THE SAME SUBJECTS ALL THE TIME.  I AM PRAYING THAT THE FORWARD MOVEMENT IN AGREEMENT CONTINUE FORWARD. THE HCL IS ONE PERFECT EXAMPLE HOW MANY TIMES THEY HAVE REPORTED IN INK THAT IT WAS FINISHED THEN THE NEXT DAY IT IS NOT?   I CAN SAY THE HCL CAN’T BE FUNDED WITHOUT THE RV.   ALMOST EVERYTHING ELSE THEY HAVE TO IMPLEMENT REQUIRES A RV TO BE IMPLEMENTED JUST LIKE THE TARIFF LAWS. 
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tman23 - This is from Iraqi…He said people speak of coins but they have not seen them…As of 48 hrs ago his brother could not collect pay at ports in Sulaymaniyah (Talibani residence city)…he was told to go to Erbil to collect his pay (3 hr drive)…The ports are suspended and will be announced open after “updates”…He said the foreign currency traders that were present a few days ago are no longer on the streets…the people are told they must exchange with S @%@^* a licensed company approved by the CBI.
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Deputy likely not to send the government budget to Parliament in the form of bonds

Baghdad: likely Kurdistan Alliance MP Amin Bakr, on Friday, the government does not send the budget to the House of Representatives in 2014 in the form of bonds, noting that each year must have a budget law, including in 2014…

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

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Aggiedad77 - [I had thought that Ismail was sworn in as CBI Gov?]  I don’t believe Ismail was ever “sworn in” as CBI governor... just watch and wait to see who they announce and watch that that individual to be officially “sworn in.” As with the case of Turki, they can have someone in place that didn’t really have a great deal of authority…  I think at this time, the HCL is more or less in the driver’s seat of things…keep an eye on what the Kurds say about whatever Baghdad brought to them today regarding any potential peace talks regarding oil and gas issues. We’ve all heard  Frank [Guru Frank26] on a number of occasions…that if the HCL can ever be approved, completely approved…then we should see the RI “nanoseconds” later.
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Jester - WHAT I CAN TELL YOU IS THERE IS SOMETHING DEFINITELY GOING ON IN THE BANKING SYSTEM…  WITH THE OCTOBER 15TH DOMINO THAT FELL… I DID NOT TALK ABOUT WHAT HAPPENED THEN AND I STILL WILL NOT…BUT IS WAS HUGE… WAS ON THE SCHEDULE I HAD… AND I BELIEVE WE ARE STILL ON SCHEDULE FOR THE NEXT STEP…AND THAT I AM EXPECTING SOME OTHER THINGS TO HAPPEN LATER THIS MONTH…I DO KNOW “SOMETHING” IS GOING ON DUE TO THE SIMPLE FACT THAT WE ARE ONLY ABLE TO DO CERTAIN THINGS RIGHT NOW IN THE BANKING SYSTEM AND THAT IS EXPECTED TO RESOLVE IN THE NEXT COUPLE WEEKS… I DON’T THINK WE HAVE MUCH LONGER TO WAIT.
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pinocchio-smileyLONG copyEXOGEN - This RV should be over in the coming days – if not the next 72 hours…based on all Intel, signs & factual events converging – the RV is imminent.   The first Basket it appears may be the Dinar followed shortly – hours or days – by other currencies. However, rates are showing on the screens now.  3 rates for Dinar were being pushed forward weeks ago, so certain folks could benefit. This see-saw of 3 simultaneous rates on one currency has been resolved. What is relevant for us is, what are the rates on my bank’s screens when I exchange. The CBI rates may or may not be relevant. There is no one that can say what the fluctuating rate will be one hour to the next. In other words, if you exchange one note, you are NOT bound to that rate for the rest of your exchange at a later time…this is Misinformation.
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Muthanna criticizes Parliament for neglecting the budget, “the most important law” and affirms: We have an economic recession and no budget…

Long-Presse / Economists and investors are experts in Muthanna province revealed, on Friday, about the inability of local governments and investors on the completion of their projects as a result of a failure to approve the budget, and while criticized the House for not passed the budget, “the most important” law and direction of less importance to the issues, the local government confirmed the depressed economic situation in the province and free budget of the funds and its dependence on projects in 2013 and stopped the current and next two projects…

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

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Enorrste - Article:  ”The private sector contributes to increase the value of the dinar “   Quote:  “…indicating that it is an urgent necessity…the revaluation of the Iraqi dinar and the increase its purchasing power because of its profound impact on the development of economic reality and the granting of additional currency strength enhance confidence between the currency markets in the world.“   …this opinion piece says exactly what we have been saying for the last two years…  We are not only on track:  we are right on track. …I love quotes such as “urgent necessity.”  This is the sort of language that gets me to salivate!  I hold to my the float will begin shortly after the new year and the dinar will rise as fast as the CBI allows it thereafter.  More than that would be an overstatement.
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Kaperoni - Article:  “Lower central bank sales to $ 175 million“   Quote:  ”…the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars,” adding that “the sale of remittances price of 1187 dinars / USD…“   Good news for sure…and now officially within compliance no matter what numbers you use.  The CBI is clearly making a push and it looks like they may be aiming for Jan-Feb timeline if they get the laws in place.  Let it come to us!
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Millionday - THE HCL WAS SENT TO PARLIAMENT LAST WEEK...ALL AMENDMENTS ARE DONE.
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Arthur - 
Despite the abundance of misinformation disseminated  daily, how everything has transpired til now bears out the reality of how GOI + HCL = RV.  Everything else either has been completed and implemented or is being completed daily to the culmination of that aforementioned equation which looks to be as close now as it ever has been.  The oil and gas dilemma contains a myriad moving parts that was never gonna be an overnight collaboration but is coming together through multiple meetings of multiple minds and components  currently in process.  The Iraqis are finally just now at a point whereby they are transparently announcing they are in the final stages of completion of this crucial and final element to the revaluation of the Iraqi Dinar. 
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Ending sectarian rule key to war on IS: US commander

The commander of the US war against Islamic State jihadists said Thursday the key to winning the fight will be ending Baghdad’s sectarian rule, not how many American troops are on the ground.

General Lloyd Austin, who runs the air war against the IS group as head of Central Command, said he would be prepared to recommend more US troops if he concluded it was necessary, but stressed the Iraqi government’s treatment of Sunnis would be the decisive factor in the outcome of the conflict…

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

BGG ~ US finally adopts “Shia discrimination of Sunnis” as the problem in #Iraq – IT’S ABOUT TIME!!
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Delta - URGENT FROM IRAQIA TV:  IRAQI GOV ANNOUNCES TAKEN SEVERAL ECONOMIC AND FINANCIAL DECISIONS THAT WILL PROMOTE INVESTMENT IN THE COUNTRY.
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Poppy3 - IT IS GOING TO HAPPEN BUT THEY ARE STILL POSITIONING FOR SUCCESS. I EXPECT THE MANEUVERING TO COVER THE BALANCE OF PAYMENTS ON ALL THE 2014 BUDGET THAT THEY CAN’T COVER AND ARE USING A DESPERATE ATTEMPT TO COVER THESE PROJECTS WITH A BOND SALE. THE REST TO BE DETERMINED AND MOVED TO THE 2015 BUDGET AND AT THIS TIME THEY AREn’T SURE HOW MUCH THEY ACTUALLY NEED AT THIS TIME.

TIMING ON THIS CAN HAPPEN AT ANYTIME BUT WE AREn’T PRIVILEGED TO KNOW BEHIND THE SCENES YET. THE CBI AND GOI ARE READY TO MAKE THE MOVE AND ALL IS IN PLACE EXCEPT KNOWING THE EXACT AMOUNTS MOVED AND UNMOVED AND I SUSPECT AS SOON AS THESE FIGURES ARE KNOWN THE CBI WILL RELEASE A MARKET RATE. WE ARE LITERALLY IN THE BEST WINDOW EVER AND EVEN [THOUGH] THERE ARE NO DATES OF TIMING KNOWN IT IS FOR CERTAIN THEY ARE NOW TRYING TO GET THE RATE SET SO THEIR COUNTRY AND ECONOMY CAN MOVE FORWARD. 
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Aggiedad77 - the HCL does appear to be HOT….like a potato…Watch the meeting between Baghdad and the Kurds today…can they bring unity that will usher in the HCL in full agreement…honestly in my opinion….doubtful in just one day…but let this day be the beginning of more good things yet to come…this government is trying to right 8 years of wrong and terrible things…it won’t happen overnight.
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Millionday - THEY ARE SAYING HERE THAT THE HCL ARRIVED IN PARLIAMENT LAST WEEK.  THE HCL IS HUGE FOR ONE OF THE OIL PRODUCING COUNTRIES AND THE HUGE % OF THEIR REVENUES THAT OIL IS – FINALLY IT HAS ARRIVED TO PARLIAMENT – WHOOOPOW.
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Aggiedad77 - Well a quick sort through some of the news today… I think the Iraqis have some good things in the works today…eyes on Erbil for the time being to see what happens in their discussions on oil and gas issues and agreements…can you spell HCL?…
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BGG - Market rate down to 1198 this AM!!  well within IMF guidelines.  [What is the significance of the market rate being lower?]  It just displays them being in full compliance with IMF – as of now…which is big (of course).   1198 is the market rate – as listed on the CBI website… not the rate listed on the “currency convertors”.
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tman23 - the Arabic side of the CBI site…is filled with CBI announcements for Iraqi’s…there is no doubt that they are on the move with their currency reform…all the banks are electronically connected and operating…They are way further along than led to believe through media and their chamber of commerce is on overtime/overtime..
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Parliamentary Oil announces the arrival of the amended version of the oil and gas law

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Alsumaria News / Baghdad - Announced that the Commission on oil and energy parliamentary, Wednesday, for the arrival of the amended version of the oil and gas law to the House of Representatives, as revealed the existence of some differences on the new law…

Read More: http://dinarupdates.com/blog/
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Millionday - [ I have seen a post...that the RV happened on Friday, and exchanges are quietly going on. That the rate is live, and the banks can see it at $3.58.  Any response to these posts?]    CBI HAS IT AT 1166.   NO ONE KNOWS WHEN IT IS AND HOW MUCH THE RATE CHANGE MAY BE BUT IRAQ AND IT WILL NOT BE A SECRET AT ALL  – IT WILL BE ALL AT THE SAME TIME — A RATE OF A CURRENCY IS SHOWN EVERYWHERE – THERE ARE CURRENCY INVESTORS EVERYDAY IN THE MARKET — AND IT IS NEVER A SECRET BEHIND THE SCENES — IT WILL SHOW EVERYWHERE.
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Kaperoni - Article:   ”The private sector contributes to increase the value of the dinar“   Quote:  “indicating that it is an urgent necessity, especially that the country is entering a high volume of exports of V.odaa Baidhani at the conclusion of his speech to the revaluation of the Iraqi dinar and the increase its purchasing power because of its profound impact on the development of economic reality and the granting of additional currency strength enhance confidence between the currency markets in the world…“   …this expert is saying the CBI has done a great job over the years stabilizing the currency as a requirement (IMF Article XIV) during these difficult development times…and now that the economy is on the verge, the CBI needs to follow the plan and raise the value of the dinar (IMF Article VIII).   This is such a super article I am standing up in excitement!   Very exciting times. 
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Millionday - Article quote:  “The Director of the Office of the Prime Minister Mahdi Keywords, Center Brief, that the economic reform plan to the government, will emerge during the next two months.”  THE ECONOMIC REFORM WILL EMERGE WITHIN THE NEXT TWO MONTHS THIS REPORT STATES — AND IT WAS WRITTEN ON OCT 1ST.
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Frank26 & Delta - …an article posted today [Tuesday] about Vietnam’s credit rating being increased; in our opinions, the IQD will spearhead the increase of some other currencies, and in our opinion, the IQD will go first.
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Kaperoni - Article:  “Coins put on the market”   Quote:  “…the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes…“    Good news for sure..but again…we need the laws.  IMO we will never care..since Article VIII and new Exchange Regime will come before any release of coins.
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Dinar Talk INFO Call

w/BGG & Poppy – Nov 5th

Click-n-listen

Smart phone user link – Click here

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tman23 - Exactly….and what peaks my interest is the continuing in purposed confusion incited by the CBI and GOI – educating Iraqi’s on their currency ……. If it were just removing 3 zeros and 25,000 IQD will be 25 IQD and equal to $21.50 usd…….. That is as simple as it gets…..But instead they run this media game of cat and mouse…. And keep studying how complicated it is…….A NEUTRAL EVENT IS NOT COMPLICATED !!!
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Frank26 - [how much longer can they hide this from us?]  It’s like a FIRE CRACKER that has been lit…Thrown but we do not hear nor see the EXPLOSION yet.
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Delta - About 3 – 4 weeks ago the people on Kirkut were paid, and mostly in LD’s, including the 250 note; again, this is another indication of how close we are, IMO – at the program rate of 1166, the 250 note is essentially worthless, so why bother?
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home7

Iraqi Dinar/Dollar auction 11-06-14

Currency Auctions Announcement No. (2810)

This daily currency auction was held in the Central Bank of Iraq on the 06-Nov-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$)                175,643,000
Total offers for buying (US$)                            175,643,000

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

MARKET RATE Nov 5 – 1202!!!

MARKET RATE Nov 6 – 1198!!!

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Stryker - OIL & GAS LAW, AMNESTY LAW,  2014 - 2015 BUDGETS…I point these out because they show that there is an urgency in passing the laws and budget needed by the end of the year that is needed so economic and currency reform can start the first of the year 2015… know that things are moving in the right direction.
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Adam Montana - After having been involved in the Dinar for so long, there are a few things that I take for granted these days…one of those things is the knowledge that Iraq NEVER gets anything done on time, and that’s actually one of my primary reasons for never giving a “date and rate” type of update.  Recently, though… they have proven me wrong a few times, and that started when Abadi came into the picture. I do not think this is a coincidence.  In fact, the longer this goes on, the more confident I get that we are finally on the right track. FINALLY! We’ve seen a ton of progress over the last decade, but compared to the last couple months… we were only in 1st gear then. Since Abadi has came into position, I’d say Iraq has shifted to at least 3rd gear, and is picking up speed! 

One article worth noting is this one:  “Parliamentarians:  Cancel 2014 budget allocations and transfers some to 2015“   …what it’s telling me is that this “new” Iraq possibly understands that they are behind schedule on the 2014 budget and in order to move forward they need to kick into a higher gear - the easiest way to do that in regards to the budget is to bump some of the issues straight into the 2015 budget. They say the plan is to do this within the month. Combine that with YET ANOTHER positive article on the HCL that finally lays it out in plain terms: There are FOUR items left to decide on the HCL and then it will be APPROVED… again, we’re looking at a very short time before this finally pops!
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tman23 - Anyone can apply for a smart card or visa card, it is no different than here in regards to direct deposit of paychecks etc…along with cash advances and loans. Some of the older smart cards are being exchanged for the NEW version smart card because they no longer work…the older smart card DID NOT have the capabilities to deduct the zeros! FACT! So now that those older cards quit working 11 days ago or so…and the bank telling people they will be able to use the international card outside Iraq “by the end of the year”…Logic and signs point to monetary change before 2015.
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EXOGEN - THE SHIFT TO THE EAST IS MOVING FULL SPEED AHEAD RIGHT NOW (HINT HINT).

(Complete BS)
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Bulldog75 - WE SAW WHAT HAPPENED LAST NIGHT IN THE POLLS…  [do we have to wait until they take office?]  YES. 80/20 PROBABILITY THIS WILL GO TO JAN. 2015.   I AM A MESSENGER LOOKING AT TRENDS.  THE WHOLE SCENARIO BOILS DOWN TO: 1) WHO STANDS TO LOSE? AND WHO STANDS TO GAIN? NOW, FILTER THIS THOUGHT PATTERN THROUGH AND YOU HAVE THE ANSWERS.
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Frank26 - CH7 is layers, and Iraq is still under CH7 but only for some specific items, however it’s not stopping the MR (Monetary Reform).
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pinocchio-smileyLONG copyDC - RV DID HAPPEN FRIDAY, MANY BANKS HAVE BEEN EXCHANGING SINCE THEN AND DID ALL DAY TODAY, THEY ARE KEEPING IT AS QUIET AS POSSIBLE, BUT YOU CAN’T DO THAT FOR TOO LONG… RATES ARE LIVE AT BANK SCREENS, THEY ARE BEING MANAGED AS TO WHICH LOCATIONS HAVE DINAR AND DONG.   3.58 DINAR, 1.02 DONG IS THE LAST I SAW, BUT HIGHLY SUBJECT TO CHANGE…ZIM, I REALLY DON’T KNOW.   I DON’T THINK THE ADMIN WILL HOLD THIS UP ANY LONGER, BUT WE WILL FIND OUT A LOT MORE TOMORROW [WEDNESDAY]…PRESSURE IS VERY VERY HIGH ON THE US.  I THINK THE NEXT COUPLE OF DAYS LOOK REALLY GOOD.

(Complete BS!!)
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Delta - Regarding the governor of the CBI, at the time that Dr Shabibi left and Turki became acting director, he actually had 2 positions in the CBI, and only 1 formal position is allowed; Turki did not have experience as director, however he did a very good job; when Maliki lost to Abadi, Turki also announced he wished to retire; the CBI is governed by a board, and the head of the board is the governor; Ali al-Alaq is the next in line to succeed, but is not sworn in; the governor does not have absolute power, the power resides in the board…So if there is no governor or he becomes incapacitated, the board still holds power, the governor cannot make unilateral decisions, so this means that regardless of the status of the governor of the CBI, the MR (Monetary Reform)  can proceed because power lies within the board.
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home7

Iraqi Dinar/Dollar auction 11-05-14

Currency Auctions Announcement No. (2809)

This daily currency auction was held in the Central Bank of Iraq on the 05-Nov-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$)                264,134,000
Total offers for buying (US$)                            264,134,000

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

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Kaperoni - …there is significant evidence and factual examples why…a LOP is not happeningbut an overnight RV is not happening either…we believe the CBI will do what the IMF tells them to do…the 2013 Article IV Consultation…its pretty clear.
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Frank26 - 
Turki and Malaki had a fight a couple of months ago inside the GOI and I Team had to intervene to break it up; M was giving Turki direction and Turki refused to follow it; Turki was working with Dr S [Shabibi] and the CBI for the MR [Monetary Reform], and M’s desire was for him not to cooperate.   I Team is no longer guarding these individuals which, IMO, perhaps signals that the reason they were guarding these individuals no longer exists – if they were being protected to accomplish the MR, (Monetary Reform) and now they are not being guarded…Perhaps the MR is complete?   I Team emphasized that the lack of a formally sworn-in CBI governor is not the reason we did not see the rate during October…
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tman23 - No financial information out of Iraq…They are concluding ceremonial celebrations today… Info from Iraq “head port” is there is no information from the government available on the salary increases… Many Iraqi’s inquire daily and are aware of the retroactive pay promised by the GOI…The pay distributed yesterday was for the 10th month…There is chatter among the people that the IQD will increase 40% and the government will use the increase as benefit to the pay scale…???!!??! Explained he receives 2, 650,000 IQD per month in commissions…and this would be worth 3,312.5 usd…saying the chatter is 1.25 IQD rate…But this is all chatter and rumor among them…they are all in the dark…There has been NO FUNDING yet by the government for payments in social security accounts.  Nothing wrong with 1.25 if we get to keep the 3 zeros on the note during exchange.
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Millionday - [some say they are waiting for our elections to finish...]   I DISAGREE ON THE ELECTIONS – THEY ARE WAITING ON THE MONETARY POLICY TO GET DONE AND THE LAWS PASSED – WE ALSO HAVE THE MEETING WITH THE WORLD BANK.
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home7

Iraqi Dinar/Dollar auction 11-04-14

Currency Auctions Announcement No. (2808)

This daily currency auction was held in the Central Bank of Iraq on the 04-Nov-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$)                172,187,000
Total offers for buying (US$)                            172,187,000

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

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tlm724 - …the cabinet noted that within the next 2 weeks the government oversight electronic system will be up and running.  talk about everything coming together!  the system will enable the GOI oversight of all the national and regional projects, from conception to completion.  no more stealing the money, no more dilly dallying.  its’ a New Iraq!
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tman23 - THE WHOLE IQD SPECULATION REVOLVES AROUND THE 3 ZEROS…The CBI can play the cat and mouse game only until they go international…THEN they will have to be completely transparent with their currency…The banks are telling everyone the cards will be activated for use outside Iraq by end of the year…So we are in a time frame to know!
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Poppy3 - …NO DONG RV TILL 14 TO 18 MONTHS AFTER DINAR AND RATE .03 CENTS TO A NICKLE.
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Stryker - This is the week that the CoM will be getting everything prepared for parliament review next week so don’t look for major events to take place until then. UPDATE ON ISX - NOT INTERNATIONAL YET BUT THEY ARE GETTING CLOSER.  Parliament this week is waiting on the CoM to get the 2014/2015 Budget ready, the Banking Acts ready and the other stalled Laws for the upcoming parliament sessions.
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My Ladies - 
IN OUR OPINION, HERE YOU HAVE IT:  Algorithm – Wikipedia:  “In mathematics and computer science, an algorithm is a step-by-step procedure for calculations. Algorithms are used for calculation, data processing, and automated reasoning“  BY THE VERY DEFINITION, IT IS AUTOMATED. IT IS OUR OPINION THIS PROCESS WAS STARTED AND HAS MANY MANY LAYERS TO COMPLETE. A FORMULA WAS PUT TOGETHER, PARAMETERS WERE SET FOR COMPLETION BASED ON THE ALGORITHM LEARNING, AND A CEILING AND A FLOOR WERE PUT INTO A FORMULA FOR A DESIRED RATE. THIS IS NOT AN EMAIL FORMAT.

THINK OF IT LIKE THIS, HOW LONG DOES IT TAKE FOR THE BASIC OPERATING SYSTEM OF YOUR HOME COMPUTER TO BE DEFRAGMENTED? HOW ABOUT IF YOU WERE CHANGING YOUR OPERATING SYSTEM ALL TOGETHER? WELL NOW MULTIPLY THAT TIME FRAME MANY TIMES.  THE CBI NEEDED TO SEND OUT A SIGNAL TO SEVERAL COMPUTERS AROUND THE WORLD, THEY NEED TO SEND A SIGNAL BACK, THEN THE CBI NEEDS TO SEND DATA, A WHOLE LOT OF DATA, TO ALL THE CENTRAL BANKS AROUND THE WORLD. 

THEN THE LAST STEP, WHEN ALL THE COMPUTERS ARE DONE TALKING AND THE DATA IS LOADED, THE ALGORITHM WILL MOVE TO WHAT IS CALLED ACH LEVEL AND AT THAT POINT IT WILL HAVE COMPILED THE APPROPRIATE DATE TO APPLY IT TO THE AFOREMENTIONED FORMULA AND THE RATE WILL BE SENT IN NANO SECONDS JUST LIKE AN EMAIL TO EVERY P.O.S. OR BANK AROUND THE GLOBE.  THIS IS A PROCESS! AND REMOVED FROM HUMAN HANDS ON PURPOSE. NO MANIPULATION POSSIBLE AND WHILE THE INITIAL PROGRAMER HAS AN IDEA EVEN HE DOES NOT HAVE AN EXACT DATE!
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Tonite’s Call is postponed

(tomorrow – hopefully)

Oct 31st - Smart phone user link – Click here

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Kaperoni - Article:  “Economists: the citizen will remain safe from damage if the government stuck to austerity rational management of money available“   Quote:  “As he says that the time has come to launch the government’s “economic change” and dismantling of barriers to private sector campaign.“  It’s rather amazing all the different entities, agencies, economists, etc…all saying the thing now.  Let’s hope parliament can accomplish what they are all waiting on.
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Nova - …this is the first time in the last 25 years that Iraq has the opportunity to exit CH7, but they have to have a tradable currency.   CH7 is protecting the dinar at this time, not standing in the way of the dinar.
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Kaperoni - 
Article:  “Iraq looks to maximize its resources away from oil“  Quote:  “financial Minister, Hoshyar Zebari, on his examination of some actions to maximize the financial resources of the State in the near future in accordance with the legislation which would be endorsed by Parliament for this purpose.” Pretty clear…parliament is going to pass the laws soon to activate the market economy!
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tlm724 - Iraq has finally made things right with Kuwait and Kuwait will be the catalyst of change in Iraq for investment, most Middle East countries respect Kuwait and will follow them into the investment arena of Iraq, as well as many other countries.  Iraq will be free from their debt to Kuwait and have the full support of all that Kuwait can do for them! 

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Coins put on the market!!

Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.

She said in her statement Albjara “The project will take between four and five years, and which will be the launch of the categories of small coins gradually.”…

Read More: http://dinarupdates.com/blog/
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Millionday - THIS IS THE LATEST UPDATE OF ISX:   THEY HAVE NOT UPDATED SINCE THE MIDDLE OF LAST MONTH ON PRICES AND SAY IT IS BECAUSE OF REFORMS IN ONE PART AND PRICING FEED AND ALSO THAT INTERNATIONAL CROSS BEGAN YESTERDAY FOR CREDIT BANK OF IRAQ.

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Frank26 - …the algorithm has been released and is making its way around the world, but it is a process from east to west; IMO, yesterday morning, the algorithm reached its final destination.  Maliki appointed Turki, however he was never officially sworn in, and he’s no longer at the helm of the CBI.   I Team says in their opinion, there will be no RI until the new governor of the CBI is sworn in; it appears all is in place to raise the value of the currency, …teams believe the person is selected and approved, just needs to be sworn in.  The 2015 budget has also been passed…the 2014 budget has been used since the beginning of the year…The UN is dealing with the final formalities of lifting CH7.  The fils and the 250 notes are out.   I Team’s opinion is that there will be an RI – reinstatement to the value in the past (as opposed to Delta’s opinion of $0.25 – $0.35 and IMO $1); I Team said that they still stand on all the information they have given…“any day” and “game over”.
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tman23 - Iraq Military paid…Iraq pensions paid…GOI offices paid…Education paid…All funds will be loaded before sundown 11/3 and can be collected at any port…No change in salaries…No retroactive pay etc.!
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Millionday - THIS IS HUGE – WE HAD A REPORT THAT STATED TWO DAYS AGO THE LEGISLATION NEEDED TO BE IMPLEMENTED AND IT SAYS IN THIS REPORT THAT THE LEGISLATION HAS BEEN ISSUED AND THE BANKS ARE WORKING ON THE MONETARY POLICY AND FINANCIAL REFORM FOR THE COUNTRY. THIS IS WHAT WE ARE WAITING ON BECAUSE THE MONETARY POLICY WILL INCLUDE THE REALITY RATES FOR THE COUNTRY FOR INTERNATIONAL INVESTMENT.

…THE GOVERNMENT PROGRAMS THAT ARE VOTED THROUGH ARE INCLUSIVE OF THE DEVELOPMENT OF FOREIGN RELATIONS, TRADE EXCHANGE, AND GLOBAL DEVELOPMENT FOR IRAQ.   THIS IS WHAT WE WANT TO SEE HAPPEN BECAUSE IT WILL INCLUDE THE INTERNATIONAL RATES FOR THE GLOBE FOR FAIR TRADE.  THIS IS THE ACTIVATION OF THE REVALUE AND THE MOVE TO GLOBAL MARKET THAT THEY ARE DESCRIBING THIS IS BEING WORKED ON RIGHT NOW BY THE BANKS OF IRAQ.
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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Breitling - Iraq told everybody what their note count was.  Everyone is talking about how Iraq has 79 Trillion Dinar out there…they DON’T have 79 trillion dinar out there…They have Gold, they have foreign currency reserve in US dollars in it and when you add it all up with the NOTE count it adds up to a WORTH of 79 Trillion dinar.  But that is NOT the note count of what you and I have–the note count is what you should be watching.  They are going to reduce the note count and their reserves are going to go up and then they will buy more gold and silver…their assets are going to get bigger and bigger and bigger but the note count is going to get smaller and smaller and smaller.  Each and every note is going to have more and more and more of that wealth.  The statements from the ministry of Finance says we want to get it to a buck and then 3 dollars…the Ministry of Planning says we want to get it to a buck and then 3 dollars…the CBI tells them, ok that’s what we’re going to do.
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tlm724 - The market opened the first held under the new trading system “X- stream” after obtaining the approval of the Iraqi Central Bank and the Securities Commission…up and running with the blessing of everyone.  Kuwait has stepped up and this shows tremendous confidence!   It won’t take but a hot minute for others to follow!  …all these bank stocks will increase and it won’t take long! Iraq is busting open, not about to, they are!
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Kaperoni - Article:  “The prospects for cooperation with international financial institutions“  Quote:  “The center of the government’s efforts to implement its program aimed at promoting financial and monetary policies, has become the importance of participation of local commercial banks with international counterparts and the formation of great significance joint investment funds to provide the opportunity for investors to enter the financial, monetary and commercial markets in the country.“   Clearly the focus is to pick up the pace on implementation of the reforms…and a market economy.  Good stuff.
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Millionday – THEY ARE STATING THAT THEY ARE READY TO MOVE FORWARD WITH CONTRACTS AND FOREIGN INVESTMENT — THE REFORMS AND LAWS THAT ARE NECESSARY FOR THE CONTRACTS AND MOVING FORWARD… WITH CONTRACTS SITTING AND SOME WORKING – THEY NEED FUNDING AND ALL LAWS AND REGULATIONS AND REFORMS ACTIVATED SO THEY CAN MOVE FORWARD – THEY ARE DEMANDING IT DUE TO THEIR NEEDS AND COUNTRY`S…SO THEY MUST FEEL AS THOUGH THEY ARE IN A POSITION NOW TO DO SO.
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Kaperoni - Article:  “New trading“   Quote:  “The market opened the first held under the new trading system “X- stream” after obtaining the approval of the Iraqi Central Bank and the Securities Commission.”  Coordination starting to play a roll here as they all work together to activate the financial side.  I believe it was stated a year or so ago that the National Bank of Kuwait was going to act as Iraq’s custodial bank for the ISX.  Today’s test seemed to be a success.
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THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013. This report is from page 94 of the massive SIGR report.

BGG ~This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.

Read More: http://dinarupdates.com/blog/
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Throwback Thursday (Friday)

The Exchange Rate of Foreign Currency in Economic Feasibility Studies 

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:…

3.      Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.

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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