THE DINAR OBSERVER DAILY April 25th

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*** Current Posts ***

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Enorrste - Article quote:  “the Central Bank of Iraq continues to work for the issuance of two new categories of currency fifty-two thousand and one hundred thousand dinars, “noting that” the central bank has taken the necessary preparations for it.“   KAP [Guru Kaperoni] …pointed me back to the 2011 article…in which Saleh clearly states that the use of the phrase “50000″ and “100000″ dinars actually refers to the “value” in today’s dinars (about $50 and $100) that these new notes will have once issued.  The notes themselves, however, will have the zeros removed, as Saleh stated, meaning that what will actually be printed will be 50 dinar and 100 dinar notes, worth about $50 and $100 respectively when they are issued.  In other words, the CBI is expecting to issue these newer notes after the dinar rises to about $1 to 1 dinar in value.  Overall, this is a great article, because it is saying clearly that the “preparations” are in place and that the “plan” is underfoot.  All good news!
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BGG - …there is an extraordinary amount of “financial mechanations” going on in Iraq as follow-up to Abadi’s DC trip…   I will say Abadi came home with all the prizes… he left nothing on the table…respect, money, aid, credibility, good PR – he got it all…after all we have seen – it is hard to jump to early conclusions, but he does appear to be getting the job done.
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P.S. if there are posts you don’t see here – it’s because they are either so fraudulent or retarded we refuse to repost them… BGG

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Millionday - Article quote:  “Announced by National Forces Alliance victory for al-Jubouri Cancel House of Representatives legislative holiday for its members for the month of May with a view to the next important laws…”  HOLIDAYS ARE CANCELLED FOR THE MONTH OF MAY TO VOTE IN THE IMPORTANT LAWS.   Article quote:  “Jubouri also demanded the adoption of important laws…as the law of the Federal Court and the law of parties, and the law of oil and gas in addition to the National Guard Law.“  THE HCL IS ONE OF THE LAWS THEY ARE GOING TO BE CANCELLING HOLIDAY TO COMPLETE.
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Kaperoni - Article quote:  “head of the parliamentary bloc behind Abdul Samad behind, on Thursday, a decision Customs Directorate of the southern region, the private activated the tariff law in all centers and ports, which oversees them.”  Of course prices go up with tariffs!     This is exactly why the CBI cannot sit still and do nothing
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Poppy3 - WOW! ALL NEWS FROM BAGDAD IS VERY POSITIVE AND ENCOURAGING. HEARD LATE LAST NIGHT THAT THE CITIZENS ARE EXCITED AND WERE TOLD LAST WEEK TWICE THEIR CARDS WOULD BE CHARGED WITH CURRENCY ON NEW HIGHER RATE ASAP.  THEY SAID IT IS SUPPOSED TO HAVE ALREADY HAPPENED BUT THAT THERE WERE DETAILS THAT WERE THOUGHT TO HAVE BEEN COMPLETED THAT THEY FOUND STILL HAVE MINOR ISSUES TO BE CORRECTED …AND THAT ON THURSDAY ABADI ANNOUNCED THAT HE WAS CANCELLING ALL TIME OFF TILL THE GOI COMPLETED ALL THEIR DETAILS NEEDED BEFORE ANYONE WOULD GET TIME OFF FOR ANY REASON.  PEOPLE ARE VERY EXCITED AND KNOW ABADI IS SHOWING THE PEOPLE HE IS A GOOD LEADER .  HE HAS AND IS WINNING THE PUBLIC’S RESPECT. THIS REPORT SHOULD BE VERY ENCOURAGING FOR ALL OF US.  PENDING ANY UNFORESEEN PROBLEMS NEW RATE CAN POP AT ANYTIME.  
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Adam Montana - I don’t think there’s another currency with this kind of potential.  We’re in a once in a lifetime situation. Actually, a once in EVER situation.  Fortunes will be made, lost, squandered, multiplied, donated, ignored… this is an amazing time. I’m so happy and blessed to even be a part of it!  I have 100% proof that big money is [invested] in IQD…Follow the money, my friends! We are getting close.
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Mnt Goat - we are moving closer and closer to a June timeframe with much optimism…there is a close at hand future timeframe coming to us when we will see this revaluation. It is coming soon and it MUST happen.  The Iraqi RV will be a final event that will turn the page on the entire middle eastern region. Yes – it is now not just about Iraq or saving the global economy but about an entire middle eastern regional event.  I want to also state and stand my ground. Maliki must be dealt with prior to any peace in Iraq and any RV!
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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tlm724 - Article quote:  “special private banks urged to find partnerships with international banks to create investment opportunities and operation of labor,” in addition to “educate citizens to deposit their money in banks.”  there have been so many articles and statements from the Private Banking Assocation lately, they have been screaming for help and inclusion in the banking sector and now they have it…it proves they are serious about the economic reform ! …these are the moves that will bring about a strong financial system in Iraq and with that strength comes the courage and confidence to go forward with the currency reform !!! NO doubt about it and this is just what the doctor ordered !!  ( Dr. Shabibi that is ! )
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Breitling - [Why bonds in dollars would lead us to believe they are about to raise the value of the dinar?]  This is a very important subject.  1.  The CBI is trying to suck up the US dollars in Iraq and that has to do with competition within Iraq itself…If they are not using the Dinar they are using the dollar.  As long as there are a certain amount of dollars in the economy that destroys the velocity of the dinar.  So they simply want to soak it up.  It’s very simple. 2.  They also want to get Foreign investors in Iraq.  And they want to take those Dollars and put it into their foreign currency account…so they can back up what?  The dinar and the value of the dinar going up.  It’s actually a beautiful plan.  They are taking the plays from the playbook of Japan and Germany…it’s no coincidence they have these banking laws coming up…they want to have control of the imports and the exports and that’s why there is banking laws and tariffs and all these new laws they are putting in place…it means 1 thing

they are going to add value to the currency.  Why would they put laws into place where Iraq is interacting with other countries when their currency is at a tenth of a penny?  There’s no need!  That’s why you and I are speculating…we’re getting in at the streets are bloody level…it doesn’t sound pretty but that’s when we got in…that’s when you’re supposed to…at the end of a war or right in the middle of a war.  They are getting to the level where countries are going to start participating.  It’s a big deal to hand out bonds like this cause you have to guarantee them… 
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Kaperoni - Article quote:  “Iraq agreed at the closing of his talks with the International Monetary Fund, the Fund to provide emergency financial assistance within the government’s plans to reduce public expenditure.”   Iraq does seem to be creating the perfect storm for currency reform…higher prices in the markets, loans, investment agreements, low oil prices, delayed wages and salaries,etc.  It would seems something has to give soon.
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Iraq planning new 50,000-dinar note

Mar 08, 2012 11:45 AM Category: Middle East

According to an article on Iraq-Business News dated 28 November 2011…

…the Central Bank of Iraq confirmed it will issue a new banknote valued at 50,000 dinars (US$43), but marked as 50 dinars.

Read More: http://dinarupdates.com/blog/
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wmawhite  [How long do you think it will take to get HCL done…?]  IMO…it is done…now comes the implementation and the many agreements that make it up.  [will ISIS hold this up IYO?]  I believe in what PM Abadi has stated many times that he is not letting ISIL stop the growth of Iraq. Remember, this will be a financial event and the success of it will come from the confidence the international community has in Iraq. Right now the face of Iraq and its future success is PM Abadi.
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Frank26 - Article quote:  “Directorate decided Comerk southern region, activation of the customs tariff in all centers and ports, which are supervised by law.”   IMF ONLY WANTS TWO THINGS TO CONTINUE HELPING IRAQ…ONE WAS ARTICLE 8 COMPLIANCE WHICH IS LIFT THE 000′S AND THE SECOND WAS…THIS !!! These LAWS are a REALITY in formation … Creation … Manifestation.  This is good … Real good… Our TEAMS told YOU what to look for this week and You are SEEING it.
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Jester - THERE IS A LOT OF POSITIVE EXPECTATIONS RIGHT NOW…THINGS ARE CREEPING EVER SO SLIGHTLY THE RIGHT DIRECTION…IT IS ONLY A MATTER OF TIME…DO NOT BE CONCERNED THAT IT IS NOT GOING TO HAPPEN…IT IS HAPPENING. 
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Dinar Afternoon Drive Call

News w/BGG – 4/23 @ 3pm CST

Click on the call banner in the upper right corner!!

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FrostyTheSnowman - Get excited!  IMO … these “50′s” aren’t expiring just because the CBI wants to look busy.
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BGG - IMHO – everytime they raise this 50k – 100k issue it is a “value” statement and not an actual “printing on the face” reference. It is meant to get their own people used to the coming value…part of the “educational campaign” Dr. Shabibi was known for. If we are in the “educational campaign phase…” which it looks like…then we are VERY close to seeing a shift in value.
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wmawhite - Folks…………as you read this post it very difficult to understand exactly what it is intended to mean. The last sentence tells us that the new 50 will be valued the same as 50,000 IQD. This is GREAT!!
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The Future is Coming – Oil and Gas in Iraq

As always, when returning to my column in Nina Magazine, I reflect on the past few months. It has been a very busy time. I am excited to see developments and opportunities arising which would not have been possible this time last year…

…In simple terms, the country holds almost nine per cent of global oil reserves and a vast wealth of natural resources. This means that Iraq will have a critical role supporting the future worldwide demands for oil.

In order to meet these demands efficiently an ‘enabling commercial environment’ for international trade must be assured. The people of Iraq must embrace the role they have to play in facilitating this – building a united, peaceful and prosperous future for all.

http://www.dinarupdates.com/showthread.php?15399-The-Dinar-Daily-Thursday-April-23-2015&p=106358&viewfull=1#post106358
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Adam Montana - My day has been PHENOMENAL. I mean REALLY exciting – but like a few people mentioned… we’re still waiting.  But I’ll tell you one thing… this is the most excited and… what’s the word… I don’t know, maybe “buzzy”. This is the most excited and buzzy I’ve seen my dinar contacts in a LONG time! 
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wmawhite - This is involving two different events…the change of currency inside Iraq, thus getting the citizen to understand what they will have to use…and an different event outside of Iraq which is the change in the value of the currency.
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tman23 - The NEW CURRENCY must come first as a prelude to the lifting of the zeros from the currency………… In that statement they spoke of 50,000 IQD and 100,000 IQD as NEW…..  So they could very well issue these NEW 3 zero denominations as a PRELUDE to removing the 3 zeros from the currency at which time they possibly issue lower denoms………where the 3 zero notes will run along side the new lower denoms…….So the 50,000 would have the same value of the NEW 50 that would be planned for release in the “coming days”
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Parliament finishes discussing amendments of Investment Law

Parliament finishes discussing amendments of Investment Law

Baghdad (Forat) – Economic and Investment Parlaimentary Committee announced finishing its discussions over the amendments of Investment Law.

Member of the Committee, Burhan al-Mamouri, stated to Alforat News Agency “The Committee settled the discussions over the amendments of this law.”…

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

BGG ~ Here why this is sooooo important. For a “free-market economy” to work they need outside investment and investors. This is – the backdrop for Abadi “mad – romancing” investors and business leaders while here in DC… (excerpt from an article I touched on during the call)

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Frank26 - A New Mexico WF told someone on [Guru] Eagle1’s team today that the WF Wealth Managers told their customer that he now has the authority to begin early exchange for premier clients.  Eagle1 said there is a rate … and it’s been showing for weeks … on the administrative screens … all over the country of Wells Fargo banks.

(B.S. Alert!!)
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Adam Montana - This is an unusual situation for me to be in… but I’m just going to go out on a limb and spit it out.  For the past couple months, I’ve been getting messages and more importantly… “feelings”… from my banking partners and investment people.  And as of just last week, a few of our offshore banks started letting me and my staff know that big changes were coming.  As of a couple days ago, they started sending out messages to other clients as well. The messages are varied, but they all point in the same direction – towards something significant.  One says they expect us to be dealing with stricter US investment and reporting laws shortly, another is stating they expect MY clients to be dealing with larger amounts of cash soon, another is anxious to get all of our current affairs finalized and quite a few are starting to hint that they will not be taking new clients in a very short manner.  I’m not saying I’m being told directly that we’re on the brink of something major.   Fingers crossed!
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Frank26 - [Finance Minister Zebari went to the IMF regarding an emergency type of loan....I believe this is what is being granted...the emergency loan.]  That’s right…and the end of every month…there is always an emergency loan to help them get by.  It’s never at the beginning or the 2nd week and although they do not talk of the amount in today’s articles…the articles from last week were speaking in terms of $700 million dollars for this particular loan request.   NOTE: ONLY enough for less than two weeks…The remainder of this month’s worth.  [The question now becomes, are the funds enough to keep Iraq "going" up to Ramadan or until after Ramadan!?”]    NO !  Don’t pay attention to it. Don’t let it bother you.   [You stated that the HCL is HOT. IYO only, will we SEE it before the rate change or after?]  EVERYONE…everything…Waits for THE RATE. The rate must come first because everything bows to it.  Once the 3 zeros are lifted it will trigger the laws in the budget…it will activate the budget and it will send every citizen in Iraq to run to the banks in order to get their currency because it will be in lower denoms.  Dr. S [Shabibi] is being pushed tremendously. There isn’t anyone else but Shabibi now.  He is moving fast.
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Following up on the afternoon call I did yesterday…

BGG ~ There has always been the question (among realistic researchers) – Just how much political sway did Abadi have?? Once they “started the process” of replacing Maliki as PM… there was some considerable “chiseling away” at his various points of influence that would be required…

This has been the approach – however, there are still those “old time hard-liners” on both sides of the Shia and Sunni fence having a hard time letting go. There has loomed this specter of Maliki waiting in the wings for the Abadi GOI to stumble. In addition, Maliki and his cronies have done everything they can to limit his effectiveness (as in the case of slow walking the 2015 budget)… starting with stalling any financial successes Iraq might have. It stands to reason – if Abadi is able to make good on his promises, deals and treaties – Maliki is finished (politically) and then has to face whatever civil judgment might come afterwards.

I have been relaying info from very, very good sources for some time now… several months ago we were well aware this was Maliki’s plan, the GOI was coming to grips with what bad fiscal shape Maliki left things (mainly due to the huge corruption element) – as a consequence the GOI was putting out loan “feelers” in all kinds of directions (which we are seeing now)… but that even if they got all the assistance they needed (or were asking for) – they would still have to rely on some sort of near-term currency shift to boost their internal buying power…

Read More: http://dinarupdates.com/blog/
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Millionday - Article quote:  “Revealed the economy parliamentary committee introduced a number of new items on the investment law to promote the reality of investment for the country.”  THEY HAVE AMENDED THE INVESTMENT LAW…WHOOPOW — THIS IS TO PROMOTE THE LARGEST INVESTORS — TO OPEN THE SINGLE WINDOW–AND PROMOTE THE REALITY PUBLIC INVESTMENT TO THE COUNTRY – WOW  Quote:  “The House of Representatives read the second reading of the investment law,…“  …YESTERDAY … THE INVESTMENT LAW WAS READ FOR THE SECOND TIME.
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Frank26 - [“Didn't Frank say the IMF said "NO" to a loan? Seems someone is confused. But not sure who…”]  Not i…Did You not see the articles last week where IMF said NO to any more loans?  Of course You did.  REALIZE…the IMF …Does a 360 on this subject……… Why? Because just like EVERYONE else … We and the IMF are in a long line that WAITS and SUPPORTS THE IQD !!!  [we have a deep relationship with this country … hundreds … maybe thousands of things are now imbedded in Iraq … and nobody is going anywhere … it’s just the constant “support” … WHY? Because we want them to lift the 3 zeros so that we can make money with this country] …
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Hocus Pocus - well everything has been pretty quiet up until today but i talked to my contact earlier and he tells me that things have ramped up again…they are playing the “our money will soon be worth more” across the television again…it has been a few weeks since they were playing this information on the televisions and now since it has come back to the forefront the Iraqis are encouraged…when things are looking good they want to let their people know…they do not want to mislead anyone.  the smart cards have not been loaded yet and those saying that are not getting it right.  it is also apparent that the military is taking care of business and the security is good…those saying that that is the hold up are not in the know according to my sources.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1247.620 12496.996
British pound GBP 1734.891 1734.024
Canadian dollar CAD 949.976 949.501
Swiss franc CHF 1215.090 1214.482
Swedish krona SEK 133.736 133.669
Norwegian krone NOK 148.086 148.012
Danish krone DKK 167.219 167.135
Japanese yen JPY 9.765 9.761
Special
Drawing Rights
SDR 1607.109 1606.306

Indicative rates – 22.04.2015

http://www.cbi.iq/

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Millonday - [I have also seen from many currency pros, that that IMF… will put a major hold on RV, your thoughts?]  MY THOUGHTS ARE THAT IT IS GREAT NEWS AND IS ALL ABOUT THE BEST FINANCIAL POSITION FOR IRAQ AND THE DEVELOPMENT THEY ARE RACING FORWARD TO ACHIEVE.  [so your saying it has no effect on an RV?]  NOT A HOLD UP – SOMETHING WAITED FOR FOR THE REFORMS AND ALSO FOR THE LOWEST DEBT — AS FAR AS GLOBAL DEBTS — THEY WOULD RATHER HAVE GLOBAL INVESTMENT.  MY OPINION IS THAT THIS IS GREAT NEWS AND NOT A MOVE TAKEN LIGHTLY.  I THINK IT WILL IMPACT THE MONETARY POLICY ETC — CURRENCY MARKET FOR IRAQ – JUST NOT IN THE WAY SOME ARE SAYING.
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Mailman17 - …FOR THEM TO MAKE A BRASH STATEMENT TO REPLACE AND INTRODUCE A NEW DENOM THAT IS AS SCARCE IN IRAQ AS A PIG ROAST, GIVING THEM TILL THE END OF THE MONTH TO TURN IN WHAT VERY LITTLE IS ACTUALLY IS IN THE HANDS OF IRAQS WHO PROBABLY DONT EVEN REMEMBER WHAT ONE LOOKS LIKE SEEING AS THAT BILL NOTE WAS MINISCULE AND NEVER USED, LET ALONE ITS VALUE RAISES A RED FLAG. I STILL THINK THEY JUST WANT THIS NOTE OFF THE STREET ( WHATEVERS LEFT) BECAUSE IT COINCIDES WITH THE ONLY NOTE THAT WOULD COINCIDE WITH THE NEW SET OF NOTES. AGAIN I REITERATE THE SECURITY FEATURES ON THE 50 ARE NO DIFFERENT THAN THE 250 OR 500. AND TO TAKE A NOTE THAT IS NEVER USED WITH A VALUE OF 4 CENTS AND REISSUE IT TELLS ME A RATE CHANGE IS IMMINENT ASAP..JMO
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tman23 - …the fact of the matter is the KURDS…And we know that 400 million a month does not support the region…We know they want to open their economy and Baghdad has stalled the Kurd progress…The Kurds need 2 million displaced people to GO HOME…The Kurds will go to June but do not believe they plan on waiting until October or 2016…So 5/2 expect some change on cards being loaded for displaced etc
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BGG - …Maliki is a goner!!  this DC visit was bad for him… good for us…the one thing Abadi really – really needs – is the same thing you and I do… MONEY!!

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Tune in for Round Table Chat w/Millionday @ 1:00PM EST – today (4/22) in the DU Chat Room!!

Read More: http://www.dinarupdates.com/
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tman23 - Abadi who before becoming Prime Minister was Chairman of Parliament Finance Committee……… is this guy so ignorant and misguided?? Who promises the citizens back pay with raises retroactive back to January 2014??…….. Who after knowing the coffers are empty and there is a lack of liquidity AND oil at it’s lowest pricing levels asks the citizens to remain patient until June……..  Then without the ability to invest in projects and make payroll Abadi is out kicking tires on F16′s and asking for a payment plan…….Iraq representatives speaking with Egypt and talking about settling past debts…….  C”MON MAN!! This stuff flies right over the head of the average Joe……..  NONSENSE = CENTS and thus the reason for the cat and mouse game with smoke screens…..
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Mailman17 - TO CLEAR THING UP A BIT, SHABS GOAL FROM THE GITGO WAS TO HAVE THE DINAR ON PAR WITH THE DOLLAR. IRAQ IS A U.S. DOLLAR BASED COUNTRY USING THE VALUE OF THAT DOLLAR FOR DAILY PURCHASES. I TRULY DONT SEE THE IMF APPROVING A RATE AT THE START OF ANYTHING MORE OR LESS. WITH THAT SAID, THAT DOES NOT MEAN IT WILL NOT GO UP. I AM COUNTING ON THAT. MOST LIKELY IN TIME TO EQUAL OR EVEN PASS KUWAITS RATE, BUT THE AVERAGE IRAQI IS ACCUSTOMED TO THE VALUE…VALUE OF WHAT 1 U.S DOLLAR CAN BUY IN THE MARKET PLACE, AND HAVING THE DINAR DO THE SAME WILL EASE THE CONFUSION. I THINK ONCE THEY GET USED TO USING THE DINAR AT THAT VALUE, THEN A MANAGED FLOAT WILL MAKE ITS ADJUSTMENT…

…ALSO REMEMBER THAT IRAQ WILL HAVE TO MAINTAIN AND KEEP STABLE A 1-1. AFTER THEY PROVE THEY CAN DO THAT, THEN ITS OFF TO THE RACES. AGAIN, THEY MUST BE ABLE TO BACK…THE VALUE. THEY WILL NOT BITE OFF MORE THAN THEY CAN CHEW AND THE IMF MOST LIEKLY AGREES AS DOES SHABS. ONCE THE DE-DOLLARIZE, THE IRAQS WILL HAVE FAITH IN THEIR CURRENCY AND WHAT IT WILL BUY. WITH THAT SAID, I AGAIN REFER TO PAST ARTICLES FROM THE SHABS AND THE FINANCE COMMITEE THAT MONETARY REFORM WILL NOT WAIT FOR ISIS...AND MUST BE SURE ON THE COMING DAYS REGARDING SECURITY AND THE RELEASE OF THE NEW NOTES. TIME WILL TELL. THERE HAS BEEN NOTHING BUT POSITIVE REMARKS FROM ALL INVOLVED REGARDING THERE COMING OUT PARTY AND IT IS NOT MONTHS AWAY..IT IS ANYDAY. AS ALWAYS…JMHO
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Poppy3 - CALL FROM THE STREETS OF BAGHDAD SAYING THE PEOPLE ARE VERY HAPPY AND HAVE BEEN TOLD THEIR CARDS WILL SOON BE USABLE AND THEY WILL HAVE MONEY AVAILABLE IN THE NEXT FEW SAYS. MOST THINK THIS WILL HAPPEN IN THE NEXT WEEK . SOUNDS VERY PROMISING . WHILE WE HAVE HEARD THIS INFO BEFORE I COULD HEAR TRUE EXCITEMENT IN THEIR VOICE. KEEP PRAYING FOR FAVOR AND FOR COMPLETION OF FINANCIAL REFORM. POPPY3
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Dinar Afternoon Drive Call

info w/BGG – from 4/21

Click on the call banner in the upper right corner!!

Smart phone user link – Click here

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Frank26 - It is EXTREMELY important that we pay attention ONLY to the governor of the CBI!  Do your best to understand everything that the governor of the CBI is doing. It doesn’t matter if you call “him” Turki…Ali  or whatever name they want to call him...we all know that Dr. Shabibi is the governor of the CBI. Period. End of story.  The two people that mean the world to us in the MR [Monetary Reform]  is Dr. Shabibi and Dr. Abadi. The CBI has all the money they need and the green-light.  the GOI is broke…now what? Abadi told them that they…already told our citizens and they are “expecting” something.  Something [bad] is expected to happen in the next 2 days (or so) that will shock most people. [Don’t let it rock you!]  We all know that the IMF gave the CBI the green light  and they haven’t moved forward with it yet.  IMF said they would help Iraq  and said they were proud of Iraq but since Iraq hasn’t raised their value yet  they won’t help them anymore.  The debt that Iraq has racked up will disappear once they raise the value of their currency. The IMF has told them what to do.

The line is so long  of everyone [and everything]  waiting.  Those in line …IMF…WorldBank…budget…ISX…wages and salaries… QiCards…USA…US Treasury…BIS…private sector…citizens and even Abadi is in line to run his GOI.  Abadi is running out of time because if this goes into Ramadan  that will be self-inflicted suicide for Iraqyou will never see anything during Ramadan or EID…Ramadan starts in June.  If Iraq doesn’t do something soon…the citizens could start an uproar and could result in war.  Iraq needs to do two simple things:  #1- Pass the tariff laws!  #2- Lift the 3 zeros!  Before Ramadan…that’s it says the IMF…if you give us Article 8 compliance  you can have all the loans you want. As you know…there is no liquidity in Iraq  and that is the key!  There is no money.

The bonds (at 1166) are not working. They are not really tradeable for the world at the 1166 rate. Not internationally tradable.  Dr. Shabibi everyone is waiting…the IMF…the WorldBank…everyone is in line waiting for you!  The market economy needs the lifting of the 3 zeros and Dr. Shabibi knows it.   Do you understand how close we are?  Only the CBI can give you Article 8 compliance  and the only thing left is to lift the 3 zeros!  The laws…especially the mother of all laws…the HCL…investment…tariff…is all in the budget. All they need is Article 8 compliance and they can lift the 3 zeros and it’s done!  IMO – Dr. Shabibi is probably not ready to lift the 3 zeros because of security. You and me and everyone who has dinars  is waiting in a long-line.  It is coming. I promise you. The lava flow cannot be stopped…
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BGG - [How come the CBI still shows daily auctions?]  because they are having daily currency auctions.  [I thought they stopped?]  They did – based on urging from Parliament… however, I suspect, for the short term – they were “instructed” to restart them (likely at the behest of Dr Shabibi)… as the primary short term tool for stabilizing the exchange rate…that has traditionally been Shabibi’s stance – which is why – once he made his recent appearance they went back to something of an “auction environment”.
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wmawhite - [Do you think it will happen around the 1st when the 50s are finished?] This is not date driven, instead, it is event drive. However, IMO this event may coincide with certains dates. But, IMO it is just as likely to happen on a 3rd, or a 14th or 22th of a month.  So is there something significant about the 30th…Yes, IMO the door gets kicked wide open. Could it happen prior to the 30th… it sure can for other reasons….bottom line is this:..if Iraq wanted to continue for ever to use to USD they could and they would not ever have to change a thing because the world is already using the USD and Iraq has used it for the last 15 years. So why are they spending so much time educating their citizens about new currencies? Because they are very close to replacing the USD with new IQD and nobody will use it unless it is of greater value….how do I know this?  Because they (CBI, GOI, Parliament) has told us this very information I just typed.  Oh yes,…if Iraq was “holding off” why have they done all of what they have done up to today…why go to Davos and Berlin, and Washington D.C. to tell the world what?…we are holding off?  What? How silly.  Of course, IMO.
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IMF warns of the risk of fluctuations in exchange rates on the global economy

BAGHDAD / Source News / .. Member States of the International Monetary Fund warned of the risk of fluctuations in currency exchange and geopolitical tensions on the global economy, where senses the average global growth rates and different perspectives…

http://www.dinarupdates.com/showthread.php?15368-The-Dinar-Daily-Monday-April-20-2015&p=105949&viewfull=1#post105949
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Millionday - Article quote:  “Parliamentary Finance Committee demanded, on Monday, the Iraqi government to implement the smart card system in the pay of state employees…“ THE PARLIAMENT THAT HAS BEEN IN A CLOSED DOOR MEETING FOR TWO DAYS — IS DEMANDING THAT THE SALARIES OF ALL STATE EMPLOYEES BE PLACED ON A — SMART CARD –(ATM)…THIS IS AN EXECUTIVE ISSUE AND SUPPORTED — NO CHOICE.  I HAVE NO IDEA WHY THEY WOULD BE ABLE TO DO THIS WITHOUT —UMMMMMM AN EXCHANGABLE RATE…THE SMART CARD IS A GLOBAL CARD –  HOW WOULD THIS WORK IF THEY COULD NOT LEAVE THE COUNTRY? HMMMM.  NOW LOOK AT THAT —>>> “can each employee receiving his salary within the geographical area that houses them,”  — THAT MEANS WHEREVER THEY ARE IT WILL WORK? WHOOOPOW THIS IS HUGE.

[perhaps initial rollout is smart card in country only?]  …THIS REPORT HAS STATED THAT IT HAS BEEN TESTED WITH THE MILITARY PAY AND THIS IS CLEAR IN SAYING THAT IT CAN BE SENT TO WHEREVER THEY ARE…WE KNOW THE DISPLACED ARE OUT AND IN OF THE COUNTRY THAT ARE IRAQI.  [the global card you mentioned is the same card as the international smart card we are waiting for, and will bring our RV?]  OR THE SMART CARD (MODERN AND SOPHISTICATED) IS A GLOBAL CARD PER WHAT I HAVE READ EVERYWHERE TO DO WITH THE REFORMS.   [To my knowledge, swiping "that" card is one of the vehicles that will open the budget is that true?]   IF THEY SWIPE THE CARD — THIS WOULD BE TO PULL FROM AN ACCOUNT FOR BENEFITS THAT WERE BUDGETED FOR –GOOD POINT.
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tman23 - Those who may recall my explanation of the function of the ESF (exchange stabilization fund) inside the UST…they are the architects that make economies work regarding exchange rates…Jack Lew commenting on exchange rates and warning countries of manipulating their currencies… Point being…Iraq meets IMF in Jordan… 2 weeks later Iraq meets IMF in Kuwait with the appearance of Shabibi… Week later Iraq meets with IMF in Washington and meetings take place with the UST… Present in Photo… Abadi/Zebari/Alak (equivalent to our Obama/Lew /Yellen) …This was not about 5 billion in BONDS as a loan…And certainly not about F16 airplanes!! (and making payments)… And you don’t sit at the table in these meetings unless you have a HCL that companies can work under AND a HCL that gives you the right to claim all oil belongs to Iraq thus giving you the right to make a deal using it as collateral.
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Kaperoni - Article:  “Parliament reads today seven laws, including anti-drug and Investment Law“   …we have confirmation it was on the agenda for today and was read.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1250.302 1249.677
British pound GBP 1739.322 1738.453
Canadian dollar CAD 955.424 954.947
Swiss franc CHF 1215.343 1214.735
Swedish krona SEK 134.938 134.871
Norwegian krone NOK 148.105 148.031
Danish krone DKK 167.594 167.510
Japanese yen JPY 9.807 9.802
Special
Drawing Rights
SDR 1610.141 1609.336

Indicative rates – 21.04.2015

http://www.cbi.iq/

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Aggiedad77 - Article:  “Parliament to raise its 28 April“  Today’s Parliament session did get through the second reading of the Investment Law…woohoo…some progress…as well as a couple of other readings…then announced its next meeting to be April 28.
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Mnt Goat - FACT: Dr Sinan Al-Shabibi tried to RV only one time and it was back in 2012 and was abruptly stopped by Maliki.  FACT: Weeks ago Shabibi was asked to return to Iraq and the CBI.  FACT: Only 11 days ago (and once again this weekend) we read articles where Shabibi being referenced as head of the CBI. I don’t believe they will ever make a formal announcement since legally Shabibi was never formally/legally  stripped of his position as the governor of the CBI. So technically and legally he never left the position. FACT: Shabibi refused to come back to Iraq unless he could be provided full security for his personal protection.. This was provided in the deal for him to return. He is not physically back in Iraq, his country.  FACT:  The 2014 budget law limits the currency auctions to only a small percentage of former amounts. Why did they do this?  FACT: Iraq does not  need the currency auctions to raise this capital for the cash flow (liquidity) issue they keep complaining about. What they need to do is to RV their currency and go international.

Even in the last interview with the finance minister of Iraq and Shabibi (with the IMF), it was said that in fact Iraq has ample resources and is by no means bankrupt. They were preparing the public to hear a refusal by the IMF on their request for some 700 million in funds. As investors, we of course do not want the IMF to loan them the money. This will only delay Iraq from the RV that much longer.  Now having said all this what comes next?  Since Shabibi made a deal with the head of the finance minister of Iraq for coming back and the deal contained these conditions: 1) his personal safety,  2) a free hand to manage the reserves,  3) a free hand to do what he needs to do to protect and stabilize the value of the Iraqi dinar, (if it means the RV than he will go forward)  4) no more interference from the GOI.  So now knowing all this. What do you think Dr Sinan Al-Shabibi is planning to do next?
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Millionday - Article quotes:  “Iraq plans to cover the budget deficit for the current year amounting to more than 25 000 billion dinars, through internal and external borrowing and amounts retained cash in the Ministry of Finance account…“   “The government is facing a deficit of $25 billion in the current year’s budget…“  THE BUDGET DEFICIT OF MORE THAN 25000 BILLION DINAR.  THEY ARE TO ANNOUNCE THE BOND PLAN SOON FOR THIS YEAR (NOT GIVING A TIME) AND — THE HUGE NEWS IS THAT THE REMITTANCE SYTEM HAS REDUCED THE NEED FOR ALL EXTERNAL BORROWING ENTIRELY —AS WELL AS THE INTEREST ON THE FOREIGN LOANS — THEY WOULD LIKE FOR INTERNATIONAL INTEREST TO BE REMOVED AS WELL – THEY NEED >>NO<< EXTERNAL BORROWING — WHOOOPOW.  [Is not the deficit 25 Billion (USD)?]   IT IS 25 BILLION US DOLLAR — WHICH ACCORDING TO THIS IS 25,000 BILLION DINAR.  ISNT THAT STRANGE? SMILE.
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home7

Iraqi Dinar/Dollar auction 4-20-15

Currency Auctions Announcement No. (2934)

This daily currency auction was held in the Central Bank of Iraq on the 12-Apr-2015

The results were as follows:

DETAILS NOTES
Number of banks 15
Number of remittance companies 2
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 136,025,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 136,025,000
Total offers for selling (US$) —–

More: http://dinarupdates.com/observer/
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Poppy3 - …THEY ARE NOT STOPPING TILL THIS IS COMPLETED…THIS WILL BE THE BIGGEST FINANCIAL CHANGE EVER AND THEY ARE DOING GREAT GETTING IT DONE.
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My Ladies - IS THERE ANYTHING TO BE EXCITED ABOUT AT ALL?  THERE SURE IS.  WE ARE VERY CLOSE WE KNOW THAT…WE ARE SEEING GREAT PROGRESS WITH SECURITY AND IT LOOKS LIKE THEY ARE ABOUT TO STABILIZE ANBAR AGAIN.  WE ARE SEEING GREAT PROGRESS IN THE PRIVATE SECTOR, AND THE PRIVATE BANKING SECTOR.  IRAQ IS FOLLOWING THE ARTICLE 4 IMF RECOMMENDATIONS TO THE LETTER.  WE DO NOT KNOW WHEN THIS IS GOING TO HAPPEN, BUT AS [GURU] NOVA AND I HAVE SAID OVER AND OVER AND OVER AGAIN…THERE ARE A HANDFUL OF ABSOLUTES IN THIS PASSIVE INVESTMENT AND SO FAR IRAQ HAS NOT BROKEN ANY OF THEM.  SO WE MAINTAIN A HIGH LEVEL OF EXPECTATION…HOLD ON A BIT LONGER…IT IS ALL COMING TOGETHER! 
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Backdoc - REGARDLESS OF WHEN THEY DECIDE TO IMPLEMENT A RATE I DOUBT WE WILL SEE THE SMALLS (denominations) FOR A WHILE.  IMO THEY WILL CONTINUE TO FORCE DOLLARS FOR PERSON TO PERSON TRANSACTIONS WITH THE MONEY CHANGERS TO IMPROVE SECURITY THROUGHOUT THE COUNTRY WHILE PREVENTING DINARS GETTING INTO THE TERRORISTS HANDS!  THIS ONE WAY TICKET WILL FORCE THE MONEY CHANGERS TO GIVE UP DINARS UNTIL THEY CAN’T GET ANYMORE OUT OF THEM…  BY STAYING DIGITAL IN DINAR AS I SAY, THEY WILL BLEED DINAR OUT OF THE MONEY CHANGERS HANDS SINCE IT WILL BE THE ONLY WAY FOR THEM TO MAKE MONEY!  THE DIGITAL CURRENCY CAN BE ADJUSTED FOR VALUE, SINCE THEY HAVE COMPLETE CONTROL OF THE NOTE COUNT DIGITALLY! THEY WILL KEEP SILENT ON THE VALUE ISSUE UNTIL THE RATE IS INTERNATIONAL!  IN OUR OPINION!!

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New oil deal between Baghdad and the Kurdistan region

BAGHDAD - Kurdish lawmaker said on Saturday, a new oil deal between the federal government and the Kurdistan region, and denied non-delivery of the provincial government of Baghdad and imports nearly two million barrels of oil as one under media.

The MP said the coalition of Kurdish blocs Masood Haider SMC / scales News: “The lack of the federal government is unable to repay 17% of the region’s share of the budget and the inability of the province on the export of 550 000 barrels of oil a day under the last oil deal, a new agreement was between Baghdad Arbil and that the federal government pay amounts to the region in the light of the amount of oil that her breast during this year. ”

He added that Haider “the oil agreement between the federal government and the Kurdistan region became law and published in the Iraqi Gazette on according to the Iraqi constitution,”…

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

(See additional comments on THE BLOG)

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Mailman17 - ABADI HAS STATED MORE THAN ONCE THAT HE WILL NOT…REPEAT NOT WAIT FOR ISIS TO BE CLEARED OUT TO START MONETARY REFORMS. YES, SECURITY IS IMPORTANT, BUT ABADI MUST KNOW A LITTLE MORE ABOUT THIS THAN ANYONE ELSE FOR HIM TO MAKE SUCH A STATEMENT LET ALONE INFORM IRAQS THE SAME. THE IMF, WORLD BANK AND O [OBAMA] HAVE COME OUT REFUTEDLY SAYING IRAQ IS READY AND WE HAVE YOUR BACK FOR YOU TO IMPLEMENT…NOT THINK ABOUT, NOT PLAN, NOT HAVE MEETINGS, NOT DISCUSS…BUT TO IMPLEMENT, EXECUTE, AND MOVE TO A MARKET ECONOMY…NOW..NOT LATER.  APRIL 30TH IS COMING UP. THE KURDS HAVE WHAT THEY WANTED ALL ALONG…THE HCL, THE BUDGET IS DONE AND OUT, AND ISIS SHOULD BE DEALT WITH AND UNDER CONTROL ENOUGH FOR THE RV TO BE IMPLEMENTED. THAT IS WHAT THE NEWS TELLS US.

DINAR INSIDE IRAQ IS AT THE LEVEL THEY ARE SATISFIED WITH. THE Q CARDS ALONG WITH MOST LIKELY 75% OF SALARIES WILL BE ELECTRONIC. CASH WILL STILL BE NEEDED ON THE STREETS BUT NOT AT WHAT YOU THINK. AND THE PREVIOUS MEETING WITH ABADI AND EVERY MAJOR BIG COMPANY IN THE U.S. WENT OFF WITHOUT A HITCH.THEY ARE READY TO COME IN, AND THEY WILL NOT COME IN WITHOUT A STABLE, REVALUED, INTERNATIONALLY RECOGNIZED DINAR. THE PEOPLE IN IRAQ ARE READY, THE GOI IS READY, THE CBI IS READY, IMF AND WB [WORLD BANK]ARE READY..AND SO ARE WE. STAY FOCUSED, THIS RIDES OVER…AND IT SEEMS THAT PESKY LITTLE 86 CENTS I HAVE BEEN FORECASTING FOR 7 YEARS NOW JUST MAY BE WHAT WE ARE LOOKING AT FOR THE RATE AS ALWAYS..JMO (BASED ON NEWS AND FACTS) NOT INTEL.
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EXOGEN - Rumor that Abadi may have made a soft Announcement and the main Announcement to citizens of Iraq and the World is projected to be completed within the next 24-48 hours. Abadi Announcement is rumored to be approved by the G20 already.
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Finance Minister discuss with the bank manager the possibility of a US funding of international loans

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

BGG ~ but do the math…

They have at least a 25 billion (USD) deficit (for just this year). They are trying to sell 5 billion in bonds (assuming they sell – no guarantee they will). They are asking the IMF for loans / support of between 400mil and 700mil – let’s round it off to a cool 1 billion (again – assuming) in loans. They have supposedly borrowed 7 billion – from state banks… soooo 25 billion (the deficit) – 5 billion (bonds) – 1 billion (IMF loans) – 7 billion (Iraq banks) = ??? Anyone?? (hint – a bit over half way there – if everything goes right)…

They need at least another 12 billion – and that’s if everything goes right and these bonds sell as predicted… which I doubt will happen. Amping up their internal buying power (ie – RV)…Monetary reform HAS to be on their minds as part of their short term financial strategy.

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Millionday - the oil agreement between the federal government and the Kurdistan region became law and published in the Iraqi Gazette on according to the Iraqi constitution,” denying non-delivery of the provincial government of Baghdad and imports nearly two million barrels of oil exported during the past months. “   I WOULD LOVE TO SAY THIS IS THE HCL BUT IT IS NOT THE ENTIRE HCL…   THE HCL IS INCLUSIVE OF MANY AGREEMENTS — NOT JUST THE OIL AGREEMENT BETWEEN THE KURDS AND IRAQI FEDERAL — BUT ALSO THE INTERNATIONAL AND FINANCIAL AND MARKETING AS WELL — ALL ASPECTS OF HYDROCARBON AND OIL LAW TO DO WITH IRAQ.   THE AGREEMENT IS JUST BEING AMENDED SO ALL ARE COMPLIANT…AND THEY ARE REACTING AS A UNIFIED GOVERNMENT.

MANY AGREEMENTS ARE INCLUSIVE OF OTHER ISSUES INCLUDED IN OTHER LAWS AND AGREEMENTS — WHICH IS WHAT MAKES THIS SUCH A HUGE PROJECT — ALL AT THE SAME TIME TO BE COMPLIANT.  I THINK THAT THIS IS GOING TO RESOLVE THE HCL AND WE WILL SEE IT AS WE HAVE BEEN TOLD THIS IS TO BE ON THE AGENDA WITH ALL THE IMPORTANT LAWS.   I JUST DONT THINK THIS IS THE HCL.  ABADI PUBLICLY ANNOUNCED COMPLETE COMMITMENT FOR ALL REFORMS UPON RETURN SO I THINK IT APPEARS AS — THIS LACK OF PAY AND OIL WILL GO AGAINST THE CONSTITUTION… AND THEY ARE GOING ABOUT THIS RIGHT AND CHANGING IT NOW… THE UNITY IT SHOWS IS HUGE HUGE AND VERY IMPORTANT.
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Poppy3 - PEOPLE NEED TO UNDERSTAND THIS IS THE BIGGEST WORLD FINANCE MOVEMENT IN THE HISTORY OF THE WORLD AND WILL EFFECT MORE COUNTRIES THAN ANY BEFORE. THIS IS WHY IT HAS TO BE DONE PERFECT AND IS TAKING SO LONG.  MOST PEOPLE JUST CAN’T PHANTOM THE SIZE AND EFFECT THIS IS GOING TO MAKE ON OUR WORLD.   BUT OLD ALLEN GREENSPAN DID AND CONVINCED DICK CHENEY TO CONVINCE GWB [GEORGE W. BUSH] THIS IS RIGHT FOR AMERICA.
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tman23 - Article quote:  “the oil agreement between the federal government and the Kurdistan region became law and published in the Iraqi Gazette on according to the Iraqi constitution,“   The HCL was contingent on a census and to the demarcation of borders in which Kirkut became the focal point…an oil rich territory that was once under Kurd rule and taken by Saddam… So Maliki argued Kirkut was not part of Kurdistan….. Under Abadi…he told the Ministers and Governor of Kirkut that the GOI is now recognizing Kirkut as a subsidiary of Kurdistan… A quick fix IMO to get an agreement into law…The HCL has many details but as far as I’m concerned…the oil agreement between Kurdistan and Iraq was always referred to as the HCL and that agreement now is law in the Gazzette and meeting the CONSTITUTION…IT IS LAW!
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1248.903 1248.278
British pound GBP 1738.156 1737.287
Canadian dollar CAD 955.268 954.790
Swiss franc CHF 1209.920 1209.315
Swedish krona SEK 133.958 133.891
Norwegian krone NOK 149.168 149.093
Danish krone DKK 167.329 167.246
Japanese yen JPY 9.799 9.794
Special
Drawing Rights
SDR 1609.453 1608.648

Indicative rates – 19.04.2015

http://www.cbi.iq/

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Mnt Goat - The Abadi trip to the USA was very successful and set the ground work for the good that lays ahead in the coming weeks. As commander and chief of the military he was inundated with yet with more bad news of  ISIS and the inability of the Iraq generals to take command and get the job done. Sorry folks no RV this weekend and for the next couple weeks maybe months, at least. All these rumors of a pending RV are just that RUMORS!  On the flip side Abadi did make a speech today to the citizens of Iraq. In the speech he said next week he is going to announce a huge initiative that will solve all the economic issues for Iraq. Personally I do not think it is going to be the RV announcement we wait for but who knows for sure.  On the other flip side we all should know by now that the 2014 budget stipulates the currency auctions are to be very limited. They will not bring them back! The auctions were supposed to be a temporary measure to raise capital until they gained their sovereignty. So now they have it. It is time to RV. We know it and Iraq knows it. THIS IS THE SOLUTION!
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Millionday - ABADI HAD HUGE RESULTS IN IRAQ…THE IMF AND WORLD BANK HAS AGREED TO FUND PROJECTS AND DEVELOPMENT IN IRAQ…THE IMF WAS JUST ONE OF THE ENDING RESULTS OF ABADI`S MEETING — ONE OF THE REASONS THAT ABADI CAME TO THE US ACCORDING TO REPORTS WAS TO MEET WITH OBAMA AND ASK FOR THE INTERNATIONAL COALITION TO RETURN AND CLEAN UP A BIT – HE MET WITH AMERICAN BUSINESS LEADERS AND TOLD THEM SOME OF THE THINGS TO ENCOURAGE THEM TO WANT TO INVEST IN IRAQ — REMEMBER THAT THEY ARE REPORTABLY — REMOVING ALL OBSTACLES THAT WOULD STAND IN THE WAY OF PROMOTING IRAQ AS A GREAT BUSINESS INVESTMENT PLATFORM.  THIS GUY IS GREAT FOR IRAQ -ABADI IS BACK HOME.

UPON ABADI`S RETURN THIS IS WHAT HE STATED: “Iraqi prime minister says committed to reforms to attract business Iraq is committed to making difficult reforms to its bureaucracy and regulations for foreign companies in order to attract much-needed investment, Prime Minister Haidar al-Abadi said at a Washington forum on April 16.”  WHOOPOW.  INTERNATIONAL TRADE WILL COME FROM A MOVE TO A MARKET ECONOMY AND THOSE REFORMS HE HAS ANNOUNCED HE IS COMMITTED TO. THEY HAVE TO MOVE TO A MARKET ECONOMY WITH GLOBAL MARKETING…
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Gold crosses the barrier of 200 000 dinars

Follow-up – Gold prices exceeded the Iraqi barrier of 200 000 Iraqi dinars, Saturday, to reach 201 000 dinars per weight.

The price of 21 carat gold, Saturday, to 201 640 Iraqi dinars, while he had reached last Thursday 194 962 dinars, a difference of 6678 Iraqi dinars. The per Almthagal equals five grams of gold…

http://www.dinarupdates.com/showthread.php?15362-The-Dinar-Daily-Saturday-April-18-2015&p=105723&viewfull=1#post105723
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Kaperoni - Found this article from a few years ago that makes it very clear… ”Iraq plans to coin a new category of 50 dinars issued after deletion of zeros“  Quote:  “the Iraqi Ministry of Finance that the deletion of zeros will liberate the Iraqi economy from the constraints and enhances the value of the dinar in the International Monetary Fund.“  It seems to me that if they were prepared to do this in late 2011, it can be easily implemented now especially since they removed the old 50 effect April 30th.
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Millionday - Article quote: “The Bank will contribute to the financing of several projects in the electricity, water and infrastructure sectors in addition to the urgent projects related to the liberated areas will also support economic and financial reforms and confront the challenges that Iraq is going through.” And expressed the World Bank president for the “full support for awarding Bank of Iraq and the follow-up in person to support Iraq in many sectors.”   HOW LONG HAVE WE WAITED TO HEAR THOSE WORDS? AND WHY WOULD THEY SAY THEM?  SO IRAQ IS TO A POINT THAT THE IMF AND THE WORLD BANK AND THE US AND CHINA ETC — ARE GIVING THEIR FULL SUPPORT? – I THINK THAT THEY ARE NOT TELLING US EVERYTHING — WHAT DO YOU THINK? — WHOOOPOW
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Poppy3 -  …THERE WILL ALWAYS BE…JUST LIKE HERE IN AMERICA…THERE WILL BE LAWS ETC. THAT NEED AMENDING AND CHANGES BUT BOTTOM LINE IS IN IRAQ DOESNT MATTER TO YOU AND I.  WHAT IS THE MOST IMPORTANT THING FOR US TO BE CONCERNED ABOUT IS THAT THE GOI NEEDS THE NEW RATE AND THEIR LEADERS AND THE CBI LEADERS ARE ALL IN AGREEMENT AND ARE DOING EVERY STEP AS FAST AS POSSIBLE TO COMPLETE ALL NECESSARY THINGS TO ACCOMPLISH AND BRING ABOUT FULL FINANCIAL REFORM AND DO IT AS FAST AS THEY CAN POSSIBLY GET IT DONE.   RELAX AND LOVE THE RIDE ITS ABOUT OVER.
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Iraq recaptures 2 towns from IS

MISSION LIBERATION: Pro-government Iraqi forces fire a rocket as part of an operation to retake the Baiji oil refinery from Islamic State. The refinery — 200 km from Baghdad — once met half of the country’s needs. (AFP)

BAGHDAD: Iraqi security forces have gained full control over a contested area south of the country’s largest oil refinery Friday as part of ongoing operations to secure the rest of Salahuddin province following the recapturing of Tikrit, a senior Iraqi military official said…

http://www.dinarupdates.com/showthread.php?15357-The-Dinar-Daily-Friday-April-17-2015&p=105673&viewfull=1#post105673
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tman23 - The Kurd Parliament held a special session and it got heated over Baghdad…payments…economy etc… and then payments to the displaced…A Trade Bank rep at the meeting told them that 5/2 it would see a change… This also fit the rumors that followed on the streets…and from Kurdistan to Baghdad the rumor spread that fast… But guarantee 5/2 there will be some major change…not saying currency change.
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FrostyTheSnowman - Article quote:  “On his official visit to the United States, Prime Minister Haider al-Abadi met a group of CEOs and chairmen of major US corporations in Washington on Tuesday.”  Why would any MAJOR US CEO bother to sit down and discuss business with a country that does not have INTERNATIONAL BANKING LAWS to protect their “investments” in that country … especially if their currency is basically worthless and not INTERNATIONALLY recognized? IMO – they wouldn’t!
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Aggiedad77 - Article:  “Iraq calls for a review of the dinar exchange rate“  The CBI has recently made efforts to provide more windows to be opened to deal with currency sales in Iraq, essentially doubling the number of banks and companies involved in the process and has seen some improvement in the exchange rate between the USD and the IQD…Dr. Saleh spoke on behalf of PM Abadi and stated that the price of the IQD against the USD is unrealistic at the current time…he continues to stress the need to remove cap restrictions placed on the CBI by Article 50 of the budget…this gives the CBI no operating room to conduct its business of stabilizing the IQD…The problems created by Article 50 made supply and demand a big issue and pitted the USD against the IQD leading to increases in the USD over the IQD….I think he is very politely trying to say that whoever implemented the cap didn’t fully understand what they were doing or the repercussions of their actions.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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wmawhite - [...I was wondering if even though the CBI gave the green light, whether these meetings in Washington was the world's way of saying, okay, go for it?]  Remember, they will continue to grow their country looooong after this happens. The meetings today are for events weeks and months away. What happens tomorrow or the day after have already been decided upon weeks/months ago.
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Backdoc - I NOTICED A COUPLE NEW TWEAKS WERE MADE TO THE INVESTMENT LAW TO IMPROVE IT! THIS WILL MAKE THOSE CEO’S SITTING WITH ABADI SMILE!   WHAT BETTER WAY TO ACTIVATE THE PRIVATE SECTOR THAN TO SIT DOWN AND MAKE PLANS WITH THE EMPIRES’ BEST COMPANIES TO ACTIVATE THE PRIVATE SECTOR IN IRAQ! THEY WANT TO BE UP AND RUNNING QUICKLY! WE CAN SEE BY THE ACTION OF THESE CEO’S, MEETING WITH ABADI AFTER THEY JUST LEFT THE WHITE HOUSE WITH A SLAP ON THE BACK AND SMILES ON THEIR FACES!  WHY ELSE WOULD THEY BE TWEAKING THE INVESTMENT LAW RIGHT AWAY?  BECAUSE THE CEOS WANT IT! PROTECT OUR INVESTMENTS.
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Millionday - …FOUND A REPORT ON THE LAWS AND PARLIAMENT.  Article quote:   “…the Parliamentary Integrity Commission, on Wednesday, the Federal Court’s decision to give Parliament the right to submit bills and vote on them within the Council…“ THE STEPS FOR LAWS ARE BEING MINIMIZED.  THEY NO LONGER WILL HAVE TO GO TO EVERYONE IN THE NATION FOR A READ OVER ETC  [Is this saying that the Parliament can now go ahead an vote on and read laws without them having to go to the Council of Ministers first (and then be returned to Parliament with their approval)?]  YES IT IS…IMO? THEY ARE ALSO GOING TO CHANGE THE PROXY POSITIONING…IMO THIS IS A GREAT GREAT MOVE AND WE WISH IT WOULD HAVE BEEN DONE YEARS AGO.
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Specialist suggests activation of the tax system for the recovery of the Iraqi economy

Follow-up – and babysit – suggest a specialist in management of state institutions in crises Jabbar Frejee, proceed to “strategy has Investment cities and industrial towns, as an alternative to file Investment (Almtlkye), calling at the same time to speed up activation of the tax system in the country to revive the Iraqi economy again…

http://www.dinarupdates.com/showthread.php?15362-The-Dinar-Daily-Saturday-April-18-2015&p=105722&viewfull=1#post105722
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wmawhite - [do we have any info on whether Shabibi has been brought back to the CBI, or is his showing up at crucial finance meetings just a coincidence?]  I do not think Shabbi has returned to the CBI because when PM Abadi met with Christine LaGarde (IMF) the current governor of the CBI Ali Alac was to the PM left and Lagarde was to his right.  [How long do you think it will be before Ali Alac is finally removed?]   If Ali Alac was on the way out why move him now at the most critical time and why take him to DC with you? This is upon us and all critical members need to be in place and doing their jobs.  If they wanted alac out they would have done it sooner.   Instead, they are in the middle to the end of changing the currency in preparation for a change in the value (IMO)…they are not changing key positions now.
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sczin11 - I AGREE 100%… FOR THOSE THAT TRULY BELIEVE ISIS MUST BE ELIMINATED, OR MOSUL MUST BE LIBERATED, BEFORE WE WILL SEE THE SIGNIFICANT INCREASE IN THE DINAR, NOW MIGHT BE A GOOD TIME FOR A BREAK…AT LEAST IF YOU BELIEVE NEWS RELEASES FROM THE PRIME MINISTER…WHILE HE IS ON OUR TURF, NO LESS…(BTW, IF YOU DON’T KNOW ALREADY, I AM NOT OF THIS BELIEF).
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Eagle1 - …Jack Lew was quoted on FOX Business News as saying that the financial community needs to be aware that several currencies will be undergoing a major revaluation during the next few days.  How ’bout them apples!
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For Obama and Iraq’s Al Abadi, the beginning of a complicated relationship

‘Al Abadi is turning out to be the leader we could not have imagined’, says US official

By Greg Jaffe

Iraqi Prime Minister Haider Al-Abadi and President Barack Obama fix their suit jackets as they finish their meeting in the Oval Office of the White House in Washington, Tuesday, April 14, 2015. The Prime Minister’s visit is to discuss U.S.-Iraq policy and the fight against the IS group.

Washington: President Barack Obama hailed Iraq’s prime minister on Tuesday as the kind of leader who could finally unite a fractious nation, and help America leave, after 11 years of war.

“What is clear is that we will be successful,” Obama said during his first White House meeting with Haider Al Abadi. “And part of that success is Prime Minister Al Abadi’s commitment to an inclusive government.”…

Read More: http://dinarupdates.com/blog/
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tman23 - The only reason the CBI would reinstate the auction is to preserve their foreign currency reserves… Which is a signal that the CBI reserves have begun to plunge… Nothing more Nothing less… Lack of Liquidity is a nice term for being broke… The CBI now needs international purchasing power… 
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Poppy3 - …all leadership that has anything to do with the RV STATED VERY DELIBERATELY THAT DAESH, ISIS, AL-QAEDA, SECURITY ISSUES WILL NOT DELAY FINANCIAL REFORM THEY WILL CONTINUE TO MOVE FORWARD TILL COMPLETION.
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Millionday - Article quote:  ”the Prime Minister Haider al-Abadi, received at his residence in Washington, president of Occidental Petroleum Corporation Steve Jazan and president of Exxon Mobil Corporation…“   THIS IS ONE OF THE SIDELINE MEETINGS IN WASHINGTON… THEY ARE HUSTLING.  IF YOU LOOK UP THE REFINERIES IN THE WORLD AND THEIR AGE — YOU WOULD BE SHOCKED – IRAQ HAS MANY OPPORTUNITIES TO EXPAND AND BRING IN THE REVENUES THEY WERE EXPECTING – THEY JUST NEED DEVELOPMENT MONEY TO SWAP SOMETHINGS AROUND AND GET ON THEIR FEET BUT THE RETURNS? OH HONEY.
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Abadi looking with the International Monetary Fund proposed programs to support Iraq’s economy

{Baghdad: Euphrates News}Search Prime Minister Haider al-Abadi with Christine Lagarde Director General of the International Monetary Fund IMF and her accompanying delegation proposed projects and programs in support of Iraq’s economy.

A statement by the Office of Abadi received Euphrates News} {copy of it today, that “al-Abadi, received at his residence in Washington, Christine Lagarde Director General of the International Monetary Fund IMF and her accompanying delegation.”…

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

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Frank26 - You all ask for a date/rate…the CBI website shows you the spread calculations of .85 …no more “sucker bet” … to about a $1.27 at the very highest $1.35.   What’s the date? Well…they finished collecting the 3 zeros and you see they are now working on the opposite end of the spectrum …7 coins…the 50… they work with the lower denoms under the 50.They’ve give the citizens until April 30th to turn in their old 50’s before they’re null and void! Wow!
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tman23 - Fact is and it is an IN PRINT FACT…….. At the end of January Abadi asked the citizens to be patient until June…….. The conversation had involved retroactive pay raises and back pay……. The former GOI with Maliki operated on 1/12 because of no budget law passed for 2014……. Abadi was Chairman of the Finance Committee……. Abadi’s shocked face that money was gone / spent/ etc…. C’MON MAN !!  They know where their money is and if they truly don’t then all they need to do is ask the USA or UN……  Iraq has been under the microscope of the UN/USA/ World Bank/ G20……. There are no surprises here……And if anyone watched the DAVOS 2013 summit…….Then what is going on today was directly discussed and no surprise.
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Delta - The rate of the Iraqi dinars has to increase to .85 or .86 cents and at the same time they should introduce the 50 dinar.  About a week ago…one leak came out of a Kurdistan newspaper and someone said that they saw the 50 dinar note is ready for distribution. And they looked at it, and said that it had the Kurdish language on it.  We all know that there is a lot going on behind closed doors. They are ready to do that and the second question is are they going to wait until they basically collect all of the [old] 50’s which are due to expire by the end of the month? It’s possible that they might do that but they might not because…you hardly see 50 dinar notes inside of Iraq.  They might wait a week or 10 day before they pull the trigger.   ...based on all of this information…it looks like the 50 dinar note is ready and could come out at any time  BUT…they cannot introduce it without changing the rate first.  Reports are that they expect to see the rate change at any moment!
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Look at who showed up in this pic with Abadi, Zebari and the Christine Legarde in an IMF meeting? Hmmm

Is that Dr Shabibi along with Alak in the photo?

https://www.facebook.com/photo.php?fbid=10153242606088633
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WMAWhite - strangely enough, they have been telling us for a long time their idea of a rate and date.  Months ago, PM Abadi [said] that as soon as they met their challenges with security that Iraq would join the world on the World Economic Stage. He also said that the defeat of ISIL would not take long to accomplish. He is doing exactly what he said he would do.
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Poppy3 - TALKED TO A FRIEND FROM WASHINGTON…AND HE INFORMED ME HE HAS BEEN TOLD THE MEETING TOMORROW [THURSDAY] BETWEEN UST, IMF, WORLD BANK LEADERS HAVE DELIBERATELY BANNED OTHER DIGNITARIES …IN ORDER MAINTAIN THE TOPIC STRICTLY ON FINANCE…SOUNDS LIKE A SERIOUS FINANCE MEETING… WOW.
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sczin11 - A LITTLE FOOD FOR THOUGHT…DO YOU SEE ALL THE “ECONOMIC NEWS” BEING RELEASED? AIRPORTS WITH LARGE SCREENS FOR INFORMATION AND SUGGESTIONS (MARKETING & SALES)… MORE FLIGHTS TO NEW LOCATIONS ANNOUNCED…TRAINS WITH ADDITIONAL AND MORE SCHEDULES…CABLE/INTERNET WIRING SERVICE/ COMMUNICATIONS…HUGE COMPANIES RENEWING THEIR CONVICTION TO WORK IN IRAQ (JOBS AND MONEY)… AND MANY MORE…WHAT CAN ALL THIS MEAN? WHERE ARE THEY GOING WITH ALL THESE UPGRADES/ IMPROVEMENTS? WHY ARE THEY FOCUSING ON TOURISM NOW? WHAT IS HAPPENING, ASIDE FROM WAR CONTINUING, THAT WOULD REMOTELY ADDRESS THE NEED FOR ALL THESE UPGRADES? 

WHY IS PRIME MINISTER ABADI, AND CREW…MOF, MOP, AND OTHERS, IN THE UNITED STATES OF AMERICA, ASKING FOR MONEY, LOANS, MEETING WITH THE WORLD BANK AND IMF, TRYING TO SOLIDIFY A 10+ YEAR 1.5 BILLION DOLLAR, INTEREST FREE LOAN FROM A USA BANK, FOR IRAQI AIRWAYS?  YOU DO NOT HAVE TO BE EBULLIENT, TO SEE THE WRITINGS ON THE WALL?  THIS IS ABOUT BEING EXPECTANT…THIS IS ABOUT BEING HAPPY SOMEONE TOLD YOU TO BUY IRAQI DINAR….THIS IS ABOUT THE BIRTH OF THE ” NEW IRAQ “, THE ONE WHO WILL EMERGE AS THE MOST POWERFUL, THE MOST WEALTHY, PROUD, SOVEREIGN. DEMOCRATIC COUNTRY IN THE MIDDLE EAST!  AND GUESS WHAT? YOU ARE A PART OF THIS HISTORIC CHANGE!
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Kaperoni - Just because they have not transitioned as fast as we would like to a market economy does not mean what they are doing is not logical.  They are being guided by professional organizations, like the IMF, World Bank, and others..they are not going backwards, sideways, or some other direction.  It is Iraq, and it will happen on their timeline, not yours.
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Millionday - AS WE KNOW ABADI IS MEETING WITH OBAMA — A VERY LONG AWAITED MEETING.  Article quote:  ”Obama expressed his full support to the Iraqi Government in combating terrorists and liberating occupied areas as well in addressing the financial and economic challenges,” WHOOOPOW.  I NORMALLY DONT GIVE MY OPINION BUT FOR OBAMA TO STATE THAT HE IS GIVING FULL FINANCIAL AND ECONOMIC SUPPORT AFTER ALL OF THE SUPPORT THAT IS GIVEN ALREADY – IT SEEMS STRANGE TO ME AND APPEARS AS IF IT IS TO DO WITH THE DEVELOPMENT THAT WILL BRING IRAQ TO A MARKET ECONOMY – IMO ONLY.   IMF AND WORLD BANK LEADERS ARE IN WASHINGTON REPORTEDLY…   [History in the making... It's all unfolding right before our eyes!]  YOU ARE VERY RIGHT — HISTORICAL AND LONG AWAITED — THESE MEETINGS ARE WITH THE MOST POWERFUL AND RICHEST.
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Adam Montana - [I have read the HCL is completed and...Do you see this going on much more seeing what has been completed now?  Also, shed some light on Malaki...why hasn't he been arrested yet?   How much influence does he have?]  HCL is Agreed, not Law – so we’re still waiting on that.  Maliki – I’m not concerned with him. If he’s to be arrested, it will happen eventually. I don’t see him as an influential figure in the value of the Dinar. If anything, since his political strength is waning, he would want to see it RV ASAP so he can benefit just like us.
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home7

Iraqi Dinar/Dollar auction 4-16-15

Currency Auctions Announcement No. (2931)

This daily currency auction was held in the Central Bank of Iraq on the 16-Apr-2015

The results were as follows:

DETAILS NOTES
Number of banks 19
Number of remittance companies 0
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 110,948,963
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 110,948,963
Total offers for selling (US$) —–

Read More: http://dinarupdates.com/blog/
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EXOGEN - THE BONDS WERE MOVING DAYS AGO…HOW CAN YOU DO A GLOBAL INTERNATIONAL BOND OFFERING WITHOUT I. T. INFRASTRUCTURE & E-COMMERCE FUNCTIONALITY IN PLACE… THIS IS NOT  ROCKET SCIENCE IF YOU PAY ATTENTION AND READ…ABADI COMES TO USA, MEETS WITH CONGRESS, MEETS WITH WORLD BANK, MEETS WITH IMF, MEETS WITH UNITED NATIONS AND OUT OF THIN AIR IRAQ IS NOW DOING A GLOBAL INTERNATIONAL BOND OFFERING WITH I.T. AND E-COMMERCE FUNCTIONALITY READY TO GO.
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Adam Montana - [I see they restarted on 4-6.  Is this due to a liquidity issue in Iraq, or have they moved the process back?  What is your opinion on this?]  The CBI  is a masterful manipulator of the currency, it’s value, and the amount in circulation. The auctions are a major part of their M.O. in controlling the situation, and they will never let on to their full plan. I don’t watch the auctions as an indicator to the future. …I focus on the fundamentals – progress, stability, intent. As long as those things stay positive, I’m content to let the CBI do their job.
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Frank26 - Many of you look at that currency and say they are going to remove these zeros (3 zeros) and all I’m going to be left with is $25.  No! That’s where a lot of mistakes are occurring. They’re [CBI] is not doing it from that.  At this phase…part 4 of the monetary reform plan…they’ve already collected the 3 zeros [notes...10,000, 25,000, etc.]…off of the streets [in Iraq]…That phase is gone…  Why do you think they’re collecting the 50?  Because they’re now at the other end of the spectrum. So…before they removed the 50 they went all the way to the other end of the spectrum and what did they go to? [CBI says] 7 Coins in a few days…weeks..it’s coming! 

The other thing that you have to understand  is right now it’s no longer the physical 3 zeros being lifted. RIGHT NOW they are lifting the 3 zeros from the EXCHANGE RATE. So…what is the exchange rate? (Rounding off  it’s .00086)  HERE’S THE OTHER PART OF THE 3 ZEROS THAT GET PEOPLE CONFUSED…  .00086 <<< see that?  Take that decimal point and move it [to the right] over 3 places..which give you .86  which is what starts to match up with what’s on the spreadsheet…it started off around 85 cents. If you remove these 3 zeros…what do you get? 
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Opinion Piece

Normally, I would do a quick conference call to fill you – I mean who needs a 3 hour call to yammer on and on?? However, since I have a terrible head cold I can’t do a call. With the news the way it is and some of my recent conversations, I really wish I could. Relax though – good news, here it is anyway.

Mr White and I were talking the other nite… the jist of the conversation centered around this article published around April 11th… ( we were very excited to bring it to you on a call :( )

Parliamentary Finance proposes to make large cash categories

http://almadapaper.net/ar/news/485508/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA%D9%82%D8%AA%D8%B1%D8%AD-%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-%D9%81%D8%A6%D8%A7%D8%AA-%D9%86%D9%82%D8%AF%D9%8A%D8%A9-

We believe they are saying it is not larger denominations, but smaller denominations with a larger value. – 1, 5, 10, 20, 50 and 100’s

this is Iraq’s way of saying we are about to…delete the zeros (through appreciation) and releasing new “higher value” bills.

One excerpt even says…

“expected to” measure will reduce the demand for the dollar and away by all the dollarization of the Iraqi currency and the sale, purchase, exchange and trade in Iraqi currency instead of dollars. “

Further – much of the recent rhetoric is starting very much to sound like an educational campaign to their citizens. Seriously (this was part of a Shabibi plan) 

I have recently heard some people expressing frustration over “being on this roller coaster ride”… Wait a sec. No one promised us anything. We bought Dinar as an investment. The only thing it offers is a chance. I, for one – am most thankful to be in on it.

Are we close?? IMHO – Most likely – 2 days, 2 weeks – 2 months?? Tough to say… but close. There have been way too many goings-on in the Iraqi Finance/currency world lately for there not to be something up.

I even heard recently – it is likely Iraq will need to add value (while still in Chapter 8 ) to even be considered for entry into Chapter 14 – which is why I have constantly said “not to worry” – I have thought much the same all along…

Again, there is NO CHINESE CONTRACT RATE, there is no Dragon family angle… there isn’t a “secret group” you need to send your Dinars to… DON’T DO IT!! The only place you should take your Dinars are a legitimate exchange location – such as a bank (when the time comes) or if putting them into a real live “Roth IRA” – complete with a lic, bonded, insured and trusted holding co. Not one of these fly-by-night SKR operations.

The auctions have restarted – but relax… I am encouraged. They are working hard on monetary policy. Dr Shabibi shows up at the IMF meeting in Kuwait City (for whatever reason) – the auctions restart (which were Shabibi’s main instrument). Abadi points out he’ll replace critical Maliki appointees – namely, the CBI Gov… and with the auctions the CBI pretty much has to declare autonomy from the GOI and Parliament – meaning they can’t abide by the 75 mil per day limit Parliament put on them. FYI – Dr Shabibi was also a big “separation” of the CBI and GOI kind of guy – very much into the autonomy of the CBI. This move has his prints all over it. JMHO.

It stands to reason they would enlist his help – he is one of the architects of the MR plan…not impossible to think he would be a legit contender for the CBI Gov again if they remove Alak anytime soon.

So if you don’t like being on “the roller coaster ride” – get off it. Quit letting these internet idiots keep yanking your chain. This is an investment. Plain and simple. If you want straight forward research and info – stay tuned in to DinarUpdates.com – we’ll leave the light on for you :)

BGG

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Adam Montana - [GOI + HCL = RV !!  Still standing by that or no?]  Absolutely. 
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Millionday - DID YOU SEE IN WASHINGTON THAT THE IMF AND THE WORLD BANK IS THERE AND ALSO SO MANY ECONOMIC MEETINGS BEFORE AS WELL.  IT CAUSES ASSUMPTIONS THAT THEY WILL BE INVOLVED WITH AN EVENT SO LARGE.
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BGG - [U FEEL WE ARE CLOSE HONESTLY? WITH IN DAYS?]   close – IMHO – yes, days?? Hard to say.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1231.762 1231.147
British pound GBP 1708.073 1707.219
Canadian dollar CAD —– —–
Swiss franc CHF —– —–
Swedish krona SEK —– —–
Norwegian krone NOK —– —–
Danish krone DKK —– —–
Japanese yen JPY 9.731 9.726
Special
Drawing Rights
SDR 1598.551 1597.752

Indicative rates – 16.04.2015

http://www.cbi.iq/
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Millionday - [Are we waiting for two events? 1. The RV of the Iraqi dinar, and 2. The move to an international currency. How soon after a raise in the rate will the currency be international, or will it happen simultaneously? Does the IMF have to approval of this rate make it international?]  THEY ARE THE SAME THING.  IF THE CURRENCY IS INTERNATIONAL IT HAS BEEN PRICED BY THE GLOBAL PRICING INDEX.  THE CBI HAS THE RIGHT — INDEPENDENT RIGHT TO SET THE EXCHANGE RATES BUT WE DO NOT KNOW FOR SURE IN THIS CASE IF THE IMF WILL HAVE TO APPROVE WHAT THEY PUT FORTH.
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Delta - URGENT FROM IRAQIA TV:  THE COMING DAYS WILL WITNESS A NEW CLASS TRADING 50 DINAR IN LOCAL MARKET!!!  WE WILL SEE WHAT HAPPEN THIS WEEK!!
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home7

Iraqi Dinar/Dollar auction 4-15-15

Currency Auctions Announcement No. (2930)

This daily currency auction was held in the Central Bank of Iraq on the 15-Apr-2015

The results were as follows:

DETAILS NOTES
Number of banks 19
Number of remittance companies 0
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 117,789,137
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 117,789,137
Total offers for selling (US$) —–

Read More: http://dinarupdates.com/blog/
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sczin11 - WE MIGHT BE SEEING IN PRINT HERE, FOR THE FIRST TIME, IN TALKING ABOUT THE POSITIONS THAT ARE TEMPORARY AND NEED REPLACING, THE ONE WE HAVE BEEN LOOKING FOR SINCE THE FIRST RELEASE, SEVERAL WEEKS AGO.  Quote:  “The administration positions proxy will end After the political blocs agree to provide the names of candidates to vote in the House of Representatives to fill these presidencies my own name.“   IT APPEARS THEY ARE NAMING THE POSITIONS, AND THE NAMES, OF THOSE BEING QUESTIONED, REPLACED…I THINK.  IT STATES THE GOVERNOR OF THE CBI, KEYWORDS, IS ONE OF THE POSITIONS THAT IS EARMARKED AS TEMP AND WILL BE REPLACED.  ALI ALAQ, MOSHIN ISMAIL, WHATEVER YOU WANT TO CALL HIM TODAY, THE ACTING GOVERNOR OF THE CBI, MALIKI SUPPORTER.  WHERE OR WHERE IS…SINAN AL SHABIBI, WOULD YOU SHOW YOUR FACE…OH HOW HAPPY, I WOULD BE!
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Kaperoni - Article quote:   “The CBI has decided to take action to stop the decline of the dinar against the dollar in the local foreign exchange market, by doubling the share exchange companies in the Auction of foreign exchange, and open ports to sell the dollar in a number of government banks.“   Since the CBI is suppose to be independent, and monetary policy is the responsibility of the CBI,  I don’t see this as a problem. The cap on auctions placed in the budget is IMO a violation of that independence. That being said, the CBI seems to be “again” learning on the job at the expense of the exchange rate. It has also been implied that this is “planned.” Who knows?  It could be and we may be in the process of seeing a disorderly exit from the peg to a float.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1231.762 1231.147
British pound GBP 1708.073 1707.219
Canadian dollar CAD —– —–
Swiss franc CHF —– —–
Swedish krona SEK —– —–
Norwegian krone NOK —– —–
Danish krone DKK —– —–
Japanese yen JPY 9.731 9.726
Special
Drawing Rights
SDR 1598.551 1597.752

Indicative rates – 15.04.2015

http://www.cbi.iq/
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sczin11 - I AM NAIVE, AND TRULY HAVE NO CLUE HOW TO UNDERSTAND THIS… NO LIQUIDITY, LITTLE BUDGET FUNDING, WAR TORN COUNTRY, BOMBINGS AND KILLINGS EVERYWHERE, CONFLICTS BETWEEN REGIONS, FULLY SEATED GOVERNMENT STILL IN THE WORKS, CURRENCY NOT INTERNATIONALLY RECOGNIZED, TOURISM DOWN…THE KEY TO THE VERY EXISTENCE OF THIS BEAUTIFUL NATION…TOURISM…I REPEAT IS DOWN…HOTELS CLOSING…YET, AIRLINE FLIGHTS INCREASING TO MANY NEW LOCATIONS, PASSPORT/VISA OFFICES OPENINGS, TRAFFIC LAWS/CONTROLS/SAFETY CONTINUE TO BE PASSED, BUILT, AND ENFORCED…NEW TRAINS AND SCHEDULES FROM PORTS TO MAIN CITIES ARRIVE…AND THERE IS MONEY FOR THIS? WHY? YOU MUST BE BLIND IF YOU REALLY DONT SEE THIS PICTURE, IT IS AS CLEAR AS DAY!  IT CAN ONLY MEAN ONE THING…THIS IS ANOTHER AREA PREPARING FOR THE POWER OF THE MIDDLE EAST, IF NOT THE POWER OF THE WORLD, TO EMERGE, A WEALTHY, SOVEREIGN DEMOCRATIC SOCIETY, BY THE PEOPLE, FOR THE PEOPLE OF THE NEW IRAQ.
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Jester - [Have your heard anything new from HP or the sandbox today?]   ACTUALLY I DID. WE BEEN TRYING TO RUN DOWN ALL THE “BUDGET IS IN THE GAZETTE” STUFF… NO JOY SO FAR… JUST REPORTING IT THE WAY I AM GETTING IT…  HOWEVER… THE TV NEWS HAS RAMPED BACK UP AND THEY ARE DOING THE “OUR MONEY IS GOING TO BE WORTH MORE SOON” THINGIE…WE ARE WATCHING THIS ONE CAREFULLY AND TRYING TO GET ALL THE INFORMATION WE CAN… BUT IT IS NOT ON THE STREETS IN IRAQ YET… THAT IS WHERE OUR GUY IS.  [Do you see any positive from Abadi's meeting in Washington?]  ACTUALLY I HOPE SO… I HAVE SOME VERY INTERESTING NEWS ABOUT WHY HE IS HERE…THE FACT OF THE MATTER IS THE REASON HE IS HERE IS PURELY CONJECTURE.   THE WAY I HEAR IT…FROM [GURU] HOCUS POCUS… IS HE IS HERE TO WORK OUT SOME FUTURE POLITICAL, ECONOMIC AND MILITARY ISSUES WITH IRAQ AFTER THE RI…[they seem to be moving along here.] WELL IT SEEMS SO ANYWAY…WE WILL HAVE TO WAIT AND SEE…
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Frank26 - SECURITY..SECURITY…SECURITY!  The IQD is being SECURED and is much farther along than you may think.  The banks in IRAQ have been taken back. Does that secure the MR of the IQD. Yes!  How about Maliki? He’s ancient history – it’s like he doesn’t exist anymore.  What other form of SECURITY do we want?  The currency itself needs to be SECURED.  Have you seen the COINS or LOWER DENOMS?  “How’s that for SECURITY?”  Do you see counterfeiting/smuggling being an issue? No, actually they talk about preventing it now. That’s SECURITY for the IQD!  The lower denoms are Dr. Shabibi’s plan. You didn’t even know that Dr. Shabibi was being protected by iTeam did you? There are 4 parts to the monetary reform of the IQD established back in 2006. We are in the last and 4th part.  The MR is working well! 

[Abadi] will also give the IMF a report while here [in the USA]…what does the IMF hold?   Article 8.  The CBI spreadsheet has a rate family between 85 cents to a dollar plus. And they tell you they will remove the 50 by April 30, 2015.  Let’s see here a rate and a date.  Well now that’s interesting – rarely seen that close together. The change of the monetary policy typically occurs in the middle of the month but I don’t think that’s going to happen in this case.  There is a committee right now to monitor the IQD currency process.  These committees are set up to monitor the process of the switch of the rate. The HCL is in the BUDGET and will come out when the GOI CBI says so. Our Teams are telling us that they’ll show it to us next month. Dr. Shabibi is taking his time. There is constant progress in what we’re seeing!  The CBI is in the process of lifting the 3 zeros to add value… both the GOI and CBI are boasting of the MR of the IQD.
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home7

Iraqi Dinar/Dollar auction 4-14-15

Currency Auctions Announcement No. (2929)

This daily currency auction was held in the Central Bank of Iraq on the 14-Apr-2015

The results were as follows:

DETAILS NOTES
Number of banks 20
Number of remittance companies 9
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 165,852,225
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 165,852,225
Total offers for selling (US$) —–

Read More: http://dinarupdates.com/observer/
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Millionday - [...if they are working this much...and going thru so many changes...do you think they will want to have a mediocre currency? one that will fit nicely towards the bottom of the M.E. countries?]  THEY HAVE MADE IT VERY CLEAR IN MANY STATEMENTS HOW LARGE THEY WANT THE DINAR TO BE TO THE GLOBE — SMILE — I BELIEVE IT WAS THE STRONGEST IN THE REGION THEY STATED — I WOULD THINK IT WOULD BE BY GLOBAL PRICING INDEX CALCULATION THOUGH NOT THE NUMBER PAIRED — IT REFERS TO THE GLOBAL PRICING INDEX.
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tlm724 - Articles:  “Parliamentary Finance proposes to issue large cash classes to maintain the value of the dinar against foreign currencies“  “House extends the legislative term second extra months”  “Formation of a committee to issue coins of 50 categories and 100 dinars pave the way for the abolition of zeros” “Finance Committee announced on Saturday, for the formation of a committee to study the issuance of coins” “Parliamentary Economic reveal the issuance of new currency of the type 50 and 100 000 dinars“   thats at least 5 sources…that we have for this news…Iraq is putting out a media blitz to inform the public to be on the look out for a change in the currency imo
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Millionday - [with all the articles over the last week about green lights, and oil prices, and the zero project underway and large coins and less dinar numbers and the north passing their HCL and now the budget law and on and on...is there ANY reason you can think of that we shouldn't be excited?]   I CAN SAY WITH THE MANY THINGS ECONOMICALLY GOING ON AND THE MILITARY SUCCESS AS WELL WE HAVE SEEN – I AM EXCITED – I SEE GREAT SUCCESS AND KNOW THIS IS A LONG TIME INVESTMENT BUT IT HAS BEEN YEARS AND IT APPEARS WITH THE BUDGET AND THE INVITE OF INVESTORS THEY ARE HEADED FOR A MARKET ECONOMY – THAT REQUIRES A PRICE – I DONT KNOW WHEN OR HOW MUCH BUT IT LOOKS LIKE PROGRESS TO ME AND EXCITING.
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Backdoc - THE OIL MINISTER AS WELL AS PM ABADI CALLED FOR ACTIVATING THE ECONOMY AND TODAY THEY ARE IN THE USA IN A HIGH DELEGATION… DISCUSSING MAJOR ISSUES OF WHICH THEY MENTION, DEFENSE, AND ACTIVATING THE IRAQI ECONOMY!  CURRENTLY, WE SEE THEM BEGINNING TO IMPLEMENT THE BUDGET PIECE BY PIECE NOW THAT IT IS PRINTED AND IN THE GAZETTE.  AS THEY SAID IN THE NEXT FEW DAYS THEY WILL DISBURSE THE REMAINING 70% OF THE BUDGET!  OF COURSE CURRENTLY, WHAT THEY ARE DOING ON THE DISBURSEMENT SIDE IS ALL DIGITAL! SALARIES ARE BEING DISBURSED DIGITALLY ON THE SMART CARDS!

WE SEE BANKS ACCEPTING OLD DAMAGED AND WORN OUT BILLS DEPOSITED INTO DIGITAL FORMAT BUT NOT REPLACED! MMMMM SMART!  THE IMPORTANT THING TO NOTE HERE IS THAT DIGITAL CAN BE ADJUSTED WHEN THE RATE GOES LIVE! YOU SEE, “VALUE CAN BE ADJUSTED INSTANTANEOUSLY”.  IT’S HAPPENING RIGHT BEFORE OUR EYES! IT’S HIDING IN PLAIN SIGHT!  ONE STEP AT A TIME!  THE FRONT DOOR IS OPEN BUT WHEN THE BACK DOOR CLOSES YOU WILL WAKE UP TO AN ACTIVATED ECONOMY WITH THE INTERNATIONAL RATE!
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sczin11 - REALITY RATE = TRUE VALUE – TRUE VALUE = SUPPLY AND DEMAND.  THE MONEY SUPPLY IS/HAS BEEN IN PROCESS OF BEING REDUCED FOR A WHILE NOW.  WE HAVE SEEN THE MEETINGS OF TRAINING THE BANK EMPLOYEES FOR COUNTERFEITING- WE HAVE SEEN THE ANTI MONEY LAUNDERING WORKSHOPS – WE HAVE SEEN 50 DINAR NOTES RECALLED TO A WORTHLESS VALUE IN JUST 60 DAYS OF TIME…ER [ECONOMIC REFORM] CAN NOT GET TO WHERE IT NEEDS TO BE WITHOUT MR [MONETARY REFORM]… JMHO

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Millionday - Iraqi Central Bank was established as an independent entity by virtue of the law ratified in March 2004. It is responsible for maintaining stable prices and implementing monetary policies including exchange rates policies, managing foreign reserves, issuing and managing currency in addition to organizing the banking sector to promote an independent and competitive financial system.”   SO AS WE SEE – THAT IS THE JOB OF CBI FOR THOSE OF US THAT ARE NEW…

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Haider Al-Abadi

Prime Minister Al-Abadi with President Obama in the Oval Office, Prime Minister Dr. Haider Abadi, with President Obama in the Oval Office
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Mnt Goat - to our surprise the other day out pops a major 2014 budget revision as it gets raced through parliament, gets ratified and posted in the Gazette in record time. It also now includes sections related to HCL that were left out of the first draft budget completed and posted in the Gazette. This was expected since we know they have been paying out already on HCL. This also confirms to use once again HCL is done. 

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Frank26 - GOT WORD LATE LAST NIGHT THAT IRAQ IS ON A TIPPING PLATFORM…IN OTHER WORDS IF THEY DON’T MAKE SOMETHING HAPPEN WITH THE VALUE OF THEIR CURRENCY THEY ARE GOING TO CRUMBLE TO NOTHING.  THE INFRUSTRUCTURE AS WE KNOW IT WILL FALL.  HEARING THAT ABADI IS ASKING FOR RELEASEMENT THRU OBAMA AND THE UST TO THE IMF TO LET THEM INCREASE THE VALUE OF THE CURRENCY.  NOW WITH THAT SAID I’M REALLY CONFUSED HOW THE USA CAN STILL HOLD ONTO THIS AND WHY.  I THINK THIS WEEK WE SHALL SEE ALOT OF THINGS HAPPEN.

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Kaperoni - the dinar will rise in value based on economic pressure. That pressure comes through the capital account. As more investors come into Iraq, it creates inflationary pressure which then the dinar rises to compensate…the rate of the dinar will be set by supply and demand…it should not say weak long. But it must start weak to reduce the money supply.  Iraq is an emerging market. They are doing things to succeed not fail. Slow and gradual.

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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1230.363 1229.748
British pound GBP 1702.127 1701.276
Canadian dollar CAD 925.250 924.787
Swiss franc CHF 1182.796 1182.204
Swedish krona SEK 132.068 132.002
Norwegian krone NOK 143.936 143.864
Danish krone DKK 164.675 164.593
Japanese yen JPY 9.702 9.697
Special
Drawing Rights
SDR 1594.610 1593.813

Indicative rates – 14.04.2015

http://www.cbi.iq/
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Frank26 - [i am sick of this roller coaster.]  When You bought Your dinars no one promised You anything. But I can Promise You this MR [Monetary Reform]  Lava Flow is Hot and progressing…IMO…We…You are at the end of this race. PS…For those confused???…HCL IS DONE…Hence it’s coming.
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Millionday - THE BUDGET WAS PRINTED IN THE GAZETTE TODAY. THIS IS FROM THE PRINTED BUDGET IN THE GAZETTE.  ”The House of Representatives voted nine minutes of the second legislative term in the first legislative Psonth (29/01/2015), the draft federal budget for the 2015 law, the value of 119.5 trillion dinars and a deficit of about 25 trillion“  …SO THERE IT IS…FINALLY…WHOOOPOW…THE BUDGET IS LAW.

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Poppy3 - IF YOU BEEN READING THE NEWS FLOWING LIKE MILK AND HONEY FOR THE LAST 8 DAYS…EVERY REPORT HAS POINTED TO THE COMPLETION OF FINANCIAL REFORM…FROM ABADI TO DR SHABIBI, IMF, WORLD BANK, ETC.  …THEY KNOW EVERY DETAIL THAT MUST BE DONE…AND ARE PUSHING TO GET IT THERE. …LIKE BGG SAID THE OTHER DAY…THEY WANT AND NEED THE SAME THING WE DO. THAT IS TRUE SO OUR REWARD IS INEVITABLE AS SOON AS THEY CAN LINE THINGS UP TO PRESENT THE NEW RATE TO US. 

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

Commercial Solicitation

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Millionday - Article Quote:  “Prime Minister Haider al-Abadi will discuss four files with the US administration during his visit to Washington, while calling for the need to have the Iraqi delegation “marginal” with the US administration on the outstanding issues. “Prime Minister Haider al-Abadi visit to the United States acquires meanings of special importance being the first visit to Ebadi to Washington,” noting that “agendas files Abadi in this visit will be a big and complex.”   THE AGENDA IS BIG AND COMPLEX — NICE.  THIS VISIT IS VITAL AND TO ADD CONFIDENCE…THE VISIT WILL BE FOR DAYS — AND COVER FOUR SUBJECTS…HE LEAVES TOMORROW [MONDAY] MORN.

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Kaperoni - I will try to explain a few things as clear as I can…Iraq has no intention of releasing any larger denominations. There is no 50,000 or 100,000 or any intent to make them…it does them no good. You must view this investment with the vision that Iraq wants to engage and open a market economy with the world.  It has been said over and over they need to reduce the physical notes from 4 billion to 1 billion. They need to remove the zeros for many reasons including accounting purposes, they need to create a monetary system on par with the world, etc. etc. This information is stated in numerous articles and documents… And in doing so…adding any denominations with “zeros” does not acheive these goals. In fact it does not help in one instance. Therefore, we know factually that Iraq will not go backwards. It is not in their interest.

Now, as for the 50 dinar that is expiring…there are many reasons why it is being demonetized. But let me explain something…Most countries of the world size the currency depending on value (the US does not)…the 50 dinar is very small.  Almost like play money with dimensions like 2″ x 4″. This represents the lowest denomination and value. Here is why they removed them…As the dinar rises in value and the new lower bills are issued, it creates a new set of sizes based on the new value of the dinar…with the 50 ultimately being the second largest dinar and not the smallest…ie. 1, 5, 10, 20, 50, 100. Continuing with the theme, Iraq could not have a 50 this size in circulation as it would not be correctly identified (size) within the new bills. Removing it and allowing the CBI to issue an entire new set solves that issue.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1232.462 1231.846
British pound GBP 1705.275 1704.422
Canadian dollar CAD 925.764 925.301
Swiss franc CHF 1188.220 1187.626
Swedish krona SEK 132.990 132.923
Norwegian krone NOK 143.094 143.022
Danish krone DKK 164.953 164.870
Japanese yen JPY 9.676 9.672
Special
Drawing Rights
SDR 1598.166 1597.367

Indicative rates – 13.04.2015

http://www.cbi.iq/

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Millionday - Article quote:  “A statement by the bank on Saturday, said that “the Bank of Iraq intends to smart card adoption in the mechanism of the distribution of salaries of employees in departments and all state institutions, rather than the manual method of criticism.”  “this method reduces the importance of the monetary circulation and keep the money in the form that allows for circulation at any time and any place.” ANYTIME AND ANYPLACE — THAT MEANS THAT THIS CARD CAN BE USED GLOBALLY.  [any date on the use of the smart card?]   NO DATE YET.   IN FACT IF WE THINK ABOUT IT THEY ARE HOLDING DATES ON ALL THAT IS TO BE DONE — THAT LEADS ME TO THINK THAT THE DATES ARE ALL AT THE SAME TIME DUE TO THE REFORMS AND OF COURSE THE MARKET NEWS IT WOULD RELEASE.  ONE DATE ON SOME THINGS WOULD LET US KNOW SO SO MUCH.  [I DON'T THINK THERE WILL BE A DATE ANNOUNCED, IT WILL JUST HAPPEN IMO.]   RIGHT AS SHABIBI STATED IT WILL JUST BE THERE.
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Frank26 - Article:  “US Embassy: Abadi will meet with a broad spectrum of US officials  IMO…He [Abadi] is here…Has been here …Yet media will tell You he arrived today …Will be in WH on Tuesday and return home on Thursday.
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tman23 - I concur…..and the pulling of the 50 is not only to avoid confusion but also an exchange test run AND transfer to destroy the notes……. There is to be a major change scheduled on 5/2….  speculation could run wild on what it involves……But I guarantee you a change to money or Qi Cards or some payment system is scheduled on 5/2………..
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Parliamentary Finance: Delete the zeros catalyst to strengthen the national currency

A member of the parliamentary finance committee, on Saturday, about an intention to issue a new monetary categories “Khamisn thousand one hundred thousand”, stressing that the aim is to strengthen the currency after deletion of zeros…

Read More: http://dinarupdates.com/blog/
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Millionday - A well-informed source said on Wednesday that the Iraqi Central Bank started adopting a new money transfer and monetary exchange system...
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Kaperoni - Najib added that “the project to delete the zeros from the currency will not apply because the economic environment is favorable for the success of this project, despite being one of the objectives of the Central Bank.“  Najib is saying we are not deleting the zeros from the currency… because the economic conditions are favorable..in other words they are raising the value and not going to LOP.
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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.

Estimate the shadow price of foreign currency:

1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine.

The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs…

..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.

The Republic of Iraq – Ministry of Planning

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

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Frank26 - Article:  “US Embassy: Abadi will meet with a broad spectrum of US officials  IMO…He [Abadi] is here…Has been here …Yet media will tell You he arrived today …Will be in WH on Tuesday and return home on Thursday.
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tlm724 - Article:  “The formation of a finance committee to issue fifty-categories and one hundred thousand dinars a prelude to delete the zeros“  Quote: “the combined committee is studying all aspects of the safe and compared with other currencies began to release.”  “The work on the issuance of these two categories booting to remove zeros from the Iraqi currency in the future,…”   I believe they will begin to issue the lower denoms in the very near future.  I believe they are at the end stages of the reform…as always we have to wait this out as Bondlady encourages caution when it comes to Iraq, we have seen several times where we knew they wanted to move forward and didn’t BUT times and circumstances are different now!
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sczin11 - HE [MALIKI] MAY BE SOMEWHAT “UNDER CONTROL”, BUT HE IS NOT OUT OF THERE BY ANY MEANS…YET.  IS DR. SINAN AL SHABIBI, WAITING IN THE BACKGROUND, AND IF HE IS, DOES MALIKI’S PRESENCE IN GOVT, IN IRAQ IN GENERAL ON THE LOOSE, DELAY THE RETURN OF THE DOCTOR? THE ONLY QUESTION I WISH COULD BE ANSWERED, DOES HIS PRESENCE IMPEDE THE COMPLETION OF THE IRAQI MONETARY REFORM?
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Urgent Hamoudi: Abadi told parliament promise decisively popular crowd salaries this month

حمودي: العبادي أبلغ البرلمان بوعده بحسم رواتب الحشد الشعبي الشهر الحالي[Baghdad-where] revealed the Presidency of the Council of Representatives member Hamoudi said the prime minister Haider al-Abadi told parliament his promise in resolving the popular crowd salaries per month Alhala..itb

Read More: http://dinarupdates.com/blog/
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Millionday - Article quote:  “Jabbar al-Abadi told all of Iraq [where] that “oil and gas from the important laws law but had previously introduced in the previous legislative session of the parliament did not get agreement on the approval,” adding that “in the current session of the House of Representatives, there will be a political consensus to pass the Act by the political blocs.“ THEY ARE IN AGREEMENT ON THE HCL AND IN SESSION SO THERE ARE TWO ANSWERS WE HAVE BEEN LOOKING FOR.  Quote:  “the Commission has not yet with the Presidency decided to read it, adding that the laws that can read Committee, are exempt foreign contractors and secondary, fees contractors on the geographic area within the oil rounds…”  WHAT WE ARE MISSING ARE THE FOREIGN CONTRACTORS AND FEES.  THEY ARE WORKING ON THIS AND ARE IN AGREEMENT…NOTICE THE OIL MINISTER STATES THIS IS THE HOLD UP FOR IRAQ…THIS IS FINALLY COMING TO AN END.
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Frank26 - Last week DELTA’S TEAM finds out a reporter interviewed The CBI Governor and told the Citizens on National TV the MR [Monetary Reform] is lifting the 000′s in two weeks…An Expectation of it!  Today this economist learns the same thing that THE MR PROCESS…Is almost over with.  It is Not the Start of it …It is The End of it.
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Backdoc - I LOVE THIS CALL TO ACTIVATE THE HUNDREDS OF LAWS IN WAITING, INCLUDING THE REMAINING PARTS OF THE HCL! EVERYTHING IS WAITING TO ACTIVATE JUST LIKE THEY TOLD US WEEKS AGO, IN “ONE BASKET”!  WITH DIGITAL DINAR BEGINNING TO FIND ITS WAY OUT OF THE BUDGET AND INTO ITS’ PROPER HANDS, THE SMALLS READY TO ROLL, DAMAGED CURRENCY BEING COLLECTED AND DIGITALLY DEPOSITED, ITS CLEAR TO SEE THE FINAL PREPARATIONS ARE BEING MADE INSIDE THE CBI FOR A LAUNCH POINT!  WHAT A NICE SPOT TO BE IN…

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Millionday - FIRST LET ME SAY…THE RATE IS AT 1166 TO I US DOLLAR — SO ANY USE OF SMALL DENOMS WOULD MAKE NO SENSE…THE USE OF 50 AND 100 HAS TO IMPACT THE PRICE INDEX OF IRAQ…  Article quote:  “the central bank governor and the problem is studying the matter and study the safe aspects and compared with other currencies in preparation for the start of release,” pointing out that “there is a procedure to remove three zeroes as…“   SO THE BEGINNING OF THE REMOVAL OF THE THREE ZEROS IS TO BEGIN — AS IN GREEN LIGHT…THIS IS ANNOUNCED TO BE THE BEGINNING…  [is this just in country...]  THE INTERNATIONAL RATES ARE A RESULT OF REDENOMINATION IN IRAQ — AS IT WOULD BE FOR OUR COUNTRY — IT IS A RESULT THAT WE WANT TO SEE NOW.  VERY EXCITING TO SEE THE BEGINNING OF THE PROCESS.  IT GIVES NO TIME JUST THAT THEY ARE FORMING AN ECONOMIC COMMITTEE TO BEGIN.

[is there a chance that they will say "turn in your 25k note for a 100 iraqi coin with a stronger buying power"... similar to the way they did with the 50 note?]   IN COUNTRY THAT COULD HAPPEN BUT IN OTHER COUNTRIES YOU WOULD EXCHANGE FOR THE CURRENCY YOU NEED IN THAT COUNTRY.  [so basically the 50 dinar delete the zeros that started March 3rd got official in regards to the green light?]  THEY SEEM TO BE ALWAYS LATE IN REPORTS SO HOW FAR THEY ARE…WE HAVE NO WAY OF KNOWING…

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Mailman17 - I HAVE STAYED SILENT FOR QUITE AWHILE NOW WAITING FOR THE CBI TO SHOW ME THE PROOF I NEED TO EITHER ACCEPT OR DENY THE SUPPOSED CxxP ARTICLES CONCERNING THE REMOVAL OF THE 50 DINAR NOTE AND ALSO THE NEWER NOTES OF 50 AND A HUNDRED THOUSAND. LOOK AT THE FACTS FOLKS. WE HAVE SEEN ARTICLES SAYING THE 50 NOTE WILL BE RETIRED AND A NEW 50 WILL REPLACE IT AND THE PEOPLE OF IRAQ HAVE TILL THE 30TH OF APRIL. WE ALREADY KNOW THEY HAVE NEAR ZERO DINAR INSIDE IRAQ, WHETHER IN THE PEOPLES HANDS OR BANKS FOR THAT MATTER LET ALONE THE KURDS BEING PAID IN USD. HAS ANYONE SEEN A PICTURE OF A NEW 50 DINAR NOTE?   NO YOU HAVE NOT BECAUSE ITS RELEASE WILL COINCIDE WITH ALL THE OTHER SMALLS INTENDED. THEY HAVE PUT OUT A BxxxCxxP ARTICLE TO SCARE THE PEOPLE TO TURN IN THEIR LOWER DENOMS… INCLUDING THE FIFTY AND MOST LIKELY THE 250 AND 500. THE SECURITY FEATURES ON THESE 3 NOTES ARE THE SAME…PERIOD. THE 50 HAS NOTHING LESS THAN THE 250 OR THE 500.

AS PER SHABS THESE NOTES ALONG WITH THE LARGER WILL COINCIDE WITH THE NEW NOTES FOR A BRIEF PERIOD, MOST LIKELY 2 YEARS. THERE IS NO NEW 50 DINAR NOTE IN CIRCULATION…CHECK THE CBI.  IF IT WAS BEING USED TO REPLACE THE OLD IT WOULD BE LISTED AS A USABLE CURRENCY…IT IS NOT.  IN THE END WE KNEW THE BS WOULD BE HEAVY. BE CAREFUL WHAT YOU READ AND DO YOUR OWN THINKING.  IRAQ WAS MEANT TO SUCCEED AND THE WORLD WILL RIDE ITS COAT-TAIL. THAT HAS AND ALWAYS WAS THE PLAN FROM DAY ONE.  NOTE COUNT? I CAN SEE IT…BUT ONLY NOTE COUNT INSIDE IRAQ…NOT OUTSIDE. WE HAVE AND ALWAYS WERE ACCOUNTED FOR. PLEASE BEWARE OF BOGUS ARTICLES, ESPECIALLY THOSE PUT OUT BY SOMEONE WHO ABSOLUTELY HAS NO SAY SO…MPS ETC.

IS SHABS IN OR OUT?  WHO CARES. IF HE WAS IN HE WOULD HAVE BEEN REINSTATED. HE MAY BE A CONSULTANT. ANYTHING THIS BIG WOULD BE IN THE NEWS…NOT RUMORS. AND THERE WILL BE NO FLOAT FROM 1166 AND INCREASE THE VALUE AS NOTES ARE TAKEN AWAY. THAT IS THE STUPIDEST THEORY I HAVE EVER HEARD. TALK ABOUT CREATING SPECULATION, WHICH IRAQ DOES NOT WANT. THEY WILL COME OUT ON PAR AS PLANNED, STAY STABLE AND LET THE PEOPLE GET ADJUSTED AND THEN GO TO A MANAGED FLOAT…AS PLANNED…JMO.
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Aggiedad77 - [Since April 30 is the date, does that mean we are waiting for the ri/rv till May or later and not this mid month (April) as some had thought possible (mid month being when other revaluations took place)?]  No IMO…I believe the stated windows for April remains valid…and yet another opinion…we remain in a day to day time frame…things in Iraq are happening much more quickly than we have ever seen…not sure about PM Abadi’s upcoming trip…and how it will play on things…but watchful as ever.
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American Contractor - The Central Bank of Iraq (CBI) realizes that they have a major problem with the exchange rate of the Iraqi Dinar.  The CBI has filed a lawsuit against the Parliament Economic Committee to lift the currency auctions restrictions of only $75 million per auction day.  There has been no published date scheduled for the hearing in the Iraqi court system. Meanwhile, the Central Bank has limited the dollar currency auctions to two times per month, trying to limit the US dollars in circulation.  The current market rate for one US Dollar is 1340 Iraqi dinar.  The market rate for the Iraqi Dinar has not been this high in several years. The Central Bank will be increasing the number of exchange companies inside Iraq and will be utilizing both state banks to assist in distributing the hard currency US dollars to Iraqi citizens.

The State banks Rafidain and Rasheed will be distributing the hard currency to other banking facilities and currency exchange centers.  The new procedure is going to be the workaround for the CBI restriction of the $75 million dollars.   Instead of the Central Bank conducting the auctions it will allow other banking facilities and currency exchange centers to distribute the US dollar at a pre-arranged rate.  The CBI is trying its best to control the value of the Iraqi dinar and increase the value.  Limiting the US dollars in the market have had a negative impact on the value of the Iraqi dinar.  The Central Bank is increasing the amount of banks and currency exchange centers inside Iraq.   I would look for additional printing of higher value banknotes like the 50k and 100k in the future.

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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1264.760 1264.128
British pound GBP 1735.824 1734.956
Canadian dollar CAD 933.696 933.230
Swiss franc CHF 1212.815 1212.208
Swedish krona SEK 136.373 136.304
Norwegian krone NOK 144.875 144.803
Danish krone DKK 169.280 169.195
Japanese yen JPY 9.752 9.748
Special
Drawing Rights
SDR 1615.458 1614.650

Indicative rates – 12.04.2015

http://www.cbi.iq/

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FrostyTheSnowman - Humm …could history repeat itself (minus Saddam) and cater to an INSTANT level of understanding for the Iraqi people?  What I mean is…could the CBI release coins / / shapes / sizes that Iraqi people are/were already familiar with …except this time with more “VALUE?”  After all…if the CBI releases ANY coin that DOES NOT have MORE purchasing power or VALUE than what the coin is worth melted down …well then the citizens will just melt them down again like they did before.  So IMO if they don’t have more INSTANT VALUE and possibly INSTANT RECOGNITION…WHAT’S THE POINT?  

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tman23 - Which I believe there was no rush to pull the 50 note if you were going to intro a 50k note…… But intro a new currency and it must be done before a more important event (Prelude)….and intro new must be done before/ which is lift the 3 zeros……So I am going to intro a new currency with 3 zeros but move to an easier method for accounting for the new economy by lifting the 3 zeros??…….Maybe  one more committtee needs to be formed to explain to the others just what the plan is…….BECAUSE CURRENCY REFORM CAN’T BE THIS CONFUSING UNLESS YOU HAVE SOMETHING TO HIDE !!!!
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Breitling - [I heard you say the CBI will be retiring the notes in stages…I have different note categories 25K, 10K, 500 for most of them I have no receipt and no certificate…can I exchange them if I don't have receipt or certificate?]  Absolutely you can!  There is no law that says you can’t…This is a countries currency.  The dinar IS international….I bought mine from Chase Bank.  The biggest misconceptions is that you need a receipt to exchange your currency.  NO YOU DO NOT.

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Formation of a committee to issue coins of 50 categories and 100 dinars pave the way for the abolition of zeros

BAGHDAD – Iraq Press: a prelude to remove zeros from the Iraqi currency, the parliamentary finance committee revealed the formation of a committee to issue coins of the two categories of fifty percent dinars, pointing out that “the initiation of the issuance of such currencies does not affect the Iraqi currency balance against the dollar. ” .

In this regard, committee member said Masood Haider, Saturday, that “the central bank governor and the problem is studying the matter and study the safe aspects and compared with other currencies in preparation for the start of release,” pointing out that “there is a procedure to remove three zeroes as necessary to the existence of large groups of coins to replace the 50 thousand coin shop of 50 dinars category, for example. ”

Read More: http://dinarupdates.com/blog/
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OOTW - side note…in the past week or so, two well placed people/ Alak and Najib said the currency is not going to LOP – no worries….one comment though – committee schommittee…I never want to hear the words committee, soon, in the coming days, review, etc…
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Kaperoni - Where are all the Iraqi dinar investors? Your investment is about to change “soon.”.
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Backdoc - Article quote:  “MP from the Parliamentary Finance Committee, said Haitham al-Jubouri, the committee proposed the issuance of large cash categories to control inflation and to preserve the value of the dinar against the dollar, as he emphasized that the central bank is now working to develop a thorough study on the introduction of new categories.”    GET READY FOR A FLOOD OF LOWER DENOMS!  AND IT LOOKS LIKE THE DIGITAL DINAR IS STARTING TO FLOW OUT TO THOSE SALARIES.  THE NICE THING IS THE RATE ON THOSE CARDS WILL CHANGE INSTANTLY WHEN THE RATE CHANGES!  THEY NEED TO DE-DOLLARIZE WHEN THOSE LOWER DENOMS FLOOD THE MARKET!  WHAT WILL MOTIVATE THEM TO GIVE UP THOSE DOLLARS? A CURRENCY WITH VALUE HIGHER THAN A BUCK!!  REMEMBER?  DONOR CURRENCY!!  IF WE SEE A FREE FLOAT IT WILL SOAR LIKE AN EAGLE!   
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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tman23 - Said Mohammed’s / scales News / “The financial mechanism parliamentary discussed the issuance of new categories to the category of cash and fifty thousand percent as a prelude ((1.an action or event serving as an introduction to something more important))  to the deletion of zeros from the currency.”……… SO THIS WOULD EXPLAIN THE REASON FOR NO LONGER HONORING THE EXISTING 50 NOTES AFTER APRIL 30TH…
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BGG - I will pass along some info… It may well be that Alak was not talking about “larger notes” in front of the Finance Committee.   it is possible (and I leave room for possible) he was saying “larger valued notes”…  in other words… the 1, 5, 10 and raising the exchange rate in conjunction with this action… – which would effect the “paper” – or note count…  [LARGER AND LARGER VALUED ARE TWO VERY DIFFERENT MEANINGS.]   going the other direction – in his own words “would not reduce the paper” – or note count… So – very good news and falls right in line with the reasoning for them taking the 50 Dinar note out of circulation.  I can easily see why they did it now… a 50 doesn’t conflict with a 500 – that is absurd… but to an Iraqi – the 50 and the 5 are trouble.   plus – if they are going to wind up “equal to the dollar” – they don’t really need a 50.  [ARE YOU SUGGESTING THE VALUE WILL BE EQUAL TO THE DOLLAR?]   I am not – according to various reports – they have suggested as much.
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Millionday - THE INPUT FROM OIL PRODUCING WILL HAVE MORE IMPACT IT SEEMS.  THERE ARE SOME CHANGES COMING WITH OIL AGREEMENTS AND THIS MAY BE WHY SO MUCH TIME IS BEING TAKEN WITH AGREEMENTS IN IRAQ OTHER THAN FINANCIAL AS WELL.  THIS WILL BE A HISTORIC CHANGE… I DONT EXPECT NOR SHOULD YOU THAT OPEC IS GONE ETC — BUT SOME CHANGES SEEM TO BE COMING.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1264.760 1264.128
British pound GBP 1735.824 1734.956
Canadian dollar CAD 933.696 933.230
Swiss franc CHF 1212.815 1212.208
Swedish krona SEK 136.373 136.304
Norwegian krone NOK 144.875 144.803
Danish krone DKK 169.280 169.195
Japanese yen JPY 9.752 9.748
Special
Drawing Rights
SDR 1615.458 1614.650

Indicative rates – 11.04.2015

http://www.cbi.iq/

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Kaperoni - Article quote:  “Tomorrow press Baghdad: parliamentary Finance Committee, revealed Friday that it was seeking to restructure the Rafidain and Rasheed Bank and transferred to the private sector to improve and develop them.“  I believe this is huge for us.  If they are going to make these private banks and sell stock on the ISX we are getting close to the restructuring of the dinar as well. 
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Delta - We saw the amazing article from the governor of the CBI who said  “we got the green-light”  and most people thought in 3-4 days we would see something but nothing happened.  So we re-read the article…the governor of the CBI told us exactly what they needed to do before they could pull the trigger.  Prior to that…they said they had something to do.  They are trying to train the employees about the new models and the new currencies. They want to make sure that everything is under control – (money laundering, e-banking, Qi-Cards, Visa cards)…We all know they have the lower denominations and they have trained everybody to do that. Again  there is a lot of pressure on the CBI to pull the trigger.
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Jester - HEARD EARLIER IN THE WEEK LOOK TO THE 15TH…  WAITING OF VERIFICATION AND ALL THAT…I LIKE TO HEAR IT LINING UP FROM SEVERAL GOOD SOURCES…SO I AM GETTING THAT DATE FROM A FEW PLACES NOW…SO WE HAVE APPARENTLY RELOADED FROM MARCH 31ST TO THE 15TH… WE WILL SEE…
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Shiite officer: Fallujah ‘surrounded’ by Iraqi forces

ERBIL, Kurdistan Region – By RUDAW - Shiite militias have surrounded Fallujah in Anbar province in preparation for an assault to recapture the ISIS-held city, a militia leader said on Friday.

“Iraqi joint forces and militias from Hashd al-Shabi [Popular Mobilization Units] have encircled Karma town and Fallujah. They will enter Fallujah in a few hours,” said Juoma Fazea Joumaili, a PMU commander…

Read More: http://dinarupdates.com/blog/
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Breitling - There are two ways Iraq can do this… they can retire all their notes at one shot…them getting rid of the 50 dinar notes instead of all the other notes is an indicator of what they’re thinking…they are going to get rid of one note at a time and retire them as they start gaining value…there is no reason to have the 50 dinar note at this point so they got rid of it to reduce the note count

Iraq is NOT exchanging their notes for US dollars or “cashing in”…it’s an exchange.  There’s a value on the dinar and there is a value on the US dollar and they just do an exchange and that’s it.  It’s that simple. There’s still a lot of people thinking where is Iraq going to get all this money to cash in?  We don’t need Iraq to have dollars to be able to “cash in”.   It’s an exchange.  People don’t understand that concept.  It’s value per value.
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sczin11 - AS FAR AS THE LAWS…MR [MONETARY REFORM] DOESNT NEED LAWS…NEEDS ADMINISTRATION, ORGANIZATION, AND MAYBE COMPUTER/BANKING MACHINE UPGRADES AND TRAINING- DONE, DONE AND DONE! LAWS CAN COME AFTER OR ANYTIME OR SIMULTANEOUS…AND…THE CBI DOESNT NEED PARLIAMENT TO BRING ON THE NEW IRAQI DINAR… THE CBI MEETING WITH THE FINANCE COMMITTEE, AS REPORTED…ABOUT MANY MANY ISSUES, WE KNOW HAVE BEEN WORKED ON FOR A LONG TIME…TELLS ME THEY ARE AT THE END OF THE LINE…THE COMPLETION OF THE IRAQI MONETARY REFORM PLAN…OR THEY WOULDNT BE TALKING OUT LOUD, AT ALL!
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tman23 - Abadi schedule says he will be in the US 4/14…….. A Tuesday (4/14) is the day the CoM meets……So evidently there are no pressing items on the agenda…….. The biggest unanswered question is……Who will be the traveling companions of Abadi to the US ??  And as soon as Abadi returns to Iraq will we  be seeing the Kurd delegation heading to Baghdad ? (like flash gordon IMO)……. To receive prepayment on oil means collateral required…… Go get a car loan and they hold the title…..Take out a 2nd mortagage for home updates and they hold rights to title……Prepay for oil !!! Not on your WORD and SECURITY capabilities, which I might add have past history showing to be subpar (putting it lightly) !! ……..  IMO this visit to the USA is the “closing” with all signatures required…… The protection of “PTB” interests in Iraq giving rights to protect those assets…….. IMO…..The chicken or the egg ??  Iraq asset protection before Iran agreement ………..
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Parliamentary Finance discussed with the Central Bank to delete the zeros

Baghdad – Constitution - Hosted the parliamentary finance committee, headed by MP Ahmad Chalabi, head of the Commission and the presence of members of the committee’s central bank governor and his senior staff to discuss the assets and net reserves of domestic credit and the net in the balance sheet of the bank and foundation money and the impact of increasing oil reserves, which leads to a reduction in the cash basis…

…According to the standards that the committee discussed a draft deleted zeroes and its implications and the development of financial categories facilitates the storage and study of new factors and appropriate market conditions and inflationary effects and the ways art to maintain the currency of fraud before embarking Ptnivh…

Read More: http://dinarupdates.com/blog/
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BGG - when you look at the last few weeks in context – it is my humble assessment - the Parliament (both the Economic and Finance Committees) is keeping the heat on Alak [CBI]…and for me this is very good news…in fact, the GOI and Iraq needs exactly what you and I do.
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Mnt Goat - So where do we now stand on the revaluation?
In my opinion if they could revalued the entire countries currency all at once they would have done so already and be done with it.
 But do to ISIS held control of some of the regions this was not possible…So now what is the plan going forward? Will they find a way to offset the increase in USD against the IQD? The news is telling us they have a solution and it will be implemented prior to the end of April. So my interpretation is this – we can expect to see the resuming of the project to delete the zeroes prior to or at the end of April. This is all I can say and we must wait and see what happens between now and then. They will most definitely tell us in the upcoming news what they plan to do.
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Bluedog - [Does anyone know who Mary Woolford is? Her name comes up when I try to unlock the spreadsheet! Very Interesting.]   Mary Woolford…  ”BECAME AN INTERNATIONAL ADVISER SPECIALIZING IN THE AREA OF BANKING SUPERVISION… NOT ONLY IN IRAQ… BUT IN OTHER COUNTRIES OF THE WORLD“  THIS LADY HAS WORKED HARD FOR IRAQ… SHE HAS BEEN THERE FOR A LONG TIME [5 years] AND SHE HAS BEEN WORKING THE FIGURES FOR IRAQ AND YOU…SHE IMO HAS BEEN WORKING WITH SHABIBI AND THE CBI.   IMO, YOU ARE ABOUT TO REAP WHAT SHE HAS ACCOMPLISHED WITH THEIR COUNTRY.
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Countdown to oust Maliki from the leadership!!

Former Prime Minister Nuri al-Maliki suffered an embarrassing situation when he was ignored by the leaders and members of his party, not given the opportunity to delivering an address at the central celebration hosted by the invitation 35th anniversary of the execution of the former regime to the party’s founder Muhammad Baqir al-Sadr, he left the party hall upset before the end of the celebration…

Read More: http://dinarupdates.com/blog/
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Delta - One thing that keeps coming up on Iraqi TV is that some of the money transfer companies with offices in Baghdad…are not sending dinars from city to city.  For example, you have people in Baghdad who have relatives in Kurdistan.  When they try to send money to their relatives…the money transfer companies are protecting the dinars and NOT sending the dinar, but sending [US] dollars.  The money transfer companies are acting as if they know something is going to happen…
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Poppy3 - [Has anyone heard that the Dong and Dinar will RV at the same time?]  THE MINISTER OF FINANCE IN  V N  STATED BEFORE THEY WOULD NOT RV WITH THE DINAR AND WOULD BE 14 TO 18 MONTHS BETWEEN THEM.   HOWEVER  V N  HAS BEEN LISTED ACCORDING TO WALL STREET JOURNAL AS THE 5TH FASTEST GROWING ECONOMY IN THE WORLD SO THEY MAY WIND UP GOING FIRST.  
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Backdoc - IMO THE HEART OF ACTIVATION OF THE PRIVATE SECTOR WILL BEGIN HERE FIRST BEFORE THEY SHOW US THE RATE MECHANISM WHETHER ITS A FREE FLOAT OR A MANAGED FLOAT.  RETURNING TO ITS PREVIOUS GLORY DOESN’T SOUND LIKE A GRADUAL PROCESS BUT TIME WILL REVEAL THE TRUTH…
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U.S. Policy in Iraq

Vice President Joe Biden spoke at National Defense University. He talked about U.S. policy in Iraq, the country’s political and military progress, and the fight against *ISIS.

Click to listen…

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sczin11 - Article quote:  “Parliamentary Finance Committee revealed on Thursday that the Central Bank is likely to issue a large coins in order to minimize the number…“   THIS THEORY SEEMS TO SUPPORT WHAT SOME HAVE BEEN SAYING, THAT IS, THE CBI WANTS TO REDUCE THE AMOUNT OF PHYSICAL NOTES IN CIRCULATION, WHICH WILL THEN IN TURN STABILIZE/INCREASE THE VALUE OF THE DINAR… BY ISSUING LARGER “COINS”/ NOTES, THEY CAN GET SMALLER NOTES OUT OF CIRCULATION./…. IE; 5 / 10K NOTES OFF, AND 2 25K NOTES INSTEAD…THUS REDUCING NOTE COUNT BY 3.   IMHO, I DO NOT UNDERSTAND THE ECONOMICS/ACTUARIAL/STATISTICALLY SPEAKING/LOGIC OF THIS THEORY.  

HOW DOES THE PHYSICAL NOTE COUNT, HELP IN ANY WAY SHAPE OR FORM, INCREASE OR DECREASE THE VALUE OF THE DINAR, OR THE “STRENGTH” OF THE DINAR.  TO ME, THE TOTAL VALUE OF THE CURRENCY OUT IN CIRCULATION, IS THE FACTOR!  PRINTING MORE MONEY IS BAD, CAUSE WE ARE ADDING MORE $$$$ VALUES OUT IN THE MARKET…AGAIN, IT IS EXACTLY AS I AM STATING AS THE REASON FOR MY OPINION - IT IS NOT ABOUT THE PHYSICAL NOTE COUNTS, IE HOW MANY PHYSICAL NOTES OUT THERE, IT IS ABOUT HOW MUCH VALUE IS OUT THERE..AGAIN IMHO.
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Delta - I’d like to ask you some questions…which you already know the answer to:   #1 – WHY (until now) did they not activate the PRIVATE SECTOR and the MARKET ECONOMY?  #2 – WHY did they NOT issue the Qi-Cards (with the Visa/MasterCard)? 400,000 retirees are waiting for those cards that they could use anywhere.  #3 – WHY has the budget not been completely distributed …there is only ONE answer.  They need to increase the value of their currency by changing the rate!  Everyone is waiting for it!  Everyone knows the rate is going to be close to a dollar and that is what everybody is expecting.  We are definitely very close  There is an urgency!  They need this to happen as soon as possible!
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1264.760 1264.128
British pound GBP 1735.824 1734.956
Canadian dollar CAD 933.696 933.230
Swiss franc CHF 1212.815 1212.208
Swedish krona SEK 136.373 136.304
Norwegian krone NOK 144.875 144.803
Danish krone DKK 169.280 169.195
Japanese yen JPY 9.752 9.748
Special
Drawing Rights
SDR 1615.458 1614.650

Indicative rates – 10.04.2015

http://www.cbi.iq/

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Frank26 - Things are moving very fast now!  Things are much farther than you think.  The monetary reform and SECURITY is moving very fast.  iTeam and our ground team found the broadcast.   …the reporter…they are repeating it every day …they repeat what Delta said.  We said Shabibi was still there.  iTeam is protecting Dr. Shabibi.  Finally yesterday we see confirmations of Shabibi – as Governor of the CBI. Teams don’t see 85 cents. They see $1.17 and up.  Again…no one knows the date/rate.
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Delta - Basically every day in Iraq they have a FINANCIAL NEWS [segment] that is broadcast at 5pm Iraqi time.  That segment is “LIVE” for about 12 hours, and…you’ve all seen the article…the Financial Committee and Abadi are meeting with the CBI.  The reporter was saying that he had an interview with the Financial Committee  but before he did that he did an introduction. The way that he [the reporter] said it was…it was EXPECTED for the Iraqi Dinar value to reach pretty close to a dollar within two weeks. This is a legitimate TV station — sponsored by funds allocated from the budget. For a reporter on Iraqi TV to say that is incredible. We have a team who is watching that TV news channel all the time.

The reporter said it was EXPECTED to increase in value.  Everybody there including the government is EXPECTING an increase value but no one knows the exact date. Abadi doesn’t know the date. It’s classified. Probably the only ones who know would be the board of directors of the CBI.  No one can pull the trigger except the Central Bank of Iraq…a lot of pressure on the CBI from all angles. So they said within 2 weeks.  So we are going to wait and see what happens…the announcement could come by the end of the month.  We looked back in history and Iraq’s monetary policy where changes typically occurred at the middle of the month.
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Kaperoni - Article quote:  “the project to delete the zeros is based was put into practice, and we gave the green light to start with,”  Another good article…that shows we are in the process…and what we are seeing in the media now…the talk about the auctions/remittances, market rate, and smuggling is part of that process that precedes the event! 
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Dinar Afternoon Drive Call

info w/BGG – 4/09 @ 3:00pm CST

Click on the call banner in the upper right corner!!

Smart phone user link – Click here

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tman23 - I will share some news is NOT in the news or in INK…… Kirkuk is officially referred to as a subsidiary of Kurdistan……. Abadi has informed the Governor of Kirkuk as such and is exactly how Baghdad will treat it……. Now the displaced in Kurdistan have been rushing to get Qi Cards over the past few weeks as they were promised “grant money”……. That has been POSTPONED during the Abadi/Barzani meeting….. The displaced in all other providences are receiving the benefit ……Those is Kirkuk are not….proving it is being recognized as part of the Kurd region by Baghdad GOI….. So with citizens crying out of more GOI procrastination and the pressure on Barzani because of region sufferings….. A meeting of the Kurd government took place……and inside that meeting of heated debate over these displaced citizens etc……A Trade Bank representative said that there is “change” coming 5/2 that will benefit citizens of the card of displaced….. This is all FACT !!
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sczin11 - DR SHABIBI, HAS BEEN RUMORED IN THE GREEN ZONE, OUTSIDE THE COUNTRY, IN THE CBI OFFICES…SEEN AND READ IT ALL… REGARDLESS OF HIS PHYSICAL LOCATION, HE HAS PLAYED SOME ROLE IN THE MR REFORM PROCESS, AS IT HAS BEEN PLAYING OUT SINCE THE NEW REGIME HAS TAKEN OVER, IMHO.
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Frank26 - You know I talked to Delta…and Delta’s team is telling Delta … “let go of the sucker bet sir!”  There is no way you’re going to see a 10, 20 to 30 cent rate. God only knows the rate … but we believe it is at least one-to-one or above!
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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My Ladies - WE CAN ELEVATE…TO A HIGH LEVEL OF EXPECTATION.  …THEY POSSIBLY DECIDED TO DO AWAY WITH THE DELETION OF ZERO’S AND INSTEAD THEY WILL INTRODUCE THE LOWER DENOMS AND CHANGE THE VALUE AT THE SAME TIME…IRAQ IS AT THE END OF THE PROCESS.  I DON’T KNOW BUT IT SEEMS TO US THAT THEY ARE INTRODUCING A NEW CURRENCY (LOWER DENOMS) THE IMF ALLOWS APPLICATION SORT OF FOR THE CURRENCY AND THE BIS TURNS THE CURRENCY ON, OR SETS THE VALUE. NOW AGAIN I WILL SAY WE ARE SPECULATING HERE. WE WERE WONDERING HOW KURDISTAN PASSED INTO LAW THE HCL FUND LAW IF BAGDAD HAS NOT DONE IT YET…SEEMS THE CAT IS OUT OF THE BAG ON THAT ONE TOO.  WE ARE SPECULATING THAT HCL HAS BEEN PASSED AND IS BEING HIDDEN ALONG WITH SHABBIBI…LOL… I WILL SAY KEEP YOUR CRASH HELMETS ON AND YOUR SEAT BELTS FASTENED. THIS IS HUGE NEWS ALL AROUND BUT UNTIL WE SEE IT ON THE CBI SITE WE NEED TO STAY GROUNDED.
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Aggiedad77 - Article “Iraqi PM Haider al-Abadi to Visit US Next Week  PM Abadi to Washington next week…not this week…unless something has grossly changed…I’m thinking he is due in Washington around the 14th…whenever he shows up I hope he brings his A-Team and his best game to present before whoever he meets with here in the US…and I hope they listen well.
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Chattels, sczin11 & OOTW - Article quote:  “Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City.”  WHAT!?  Iraqi Central Bank’s governor Sinan Al Shabibi?  FOLKS…STAY GROUNDED, BUT THIS COULD BE THE REAL BREAK SINCE DEC 22, WHEN DR. SINAN AL SHABIBI WAS ACQUITTED BY JUDGE MAHMOOD.   I THINK SHABS MAY BE HELPING IRAQ NEGOTIATE WITH THE IMF.  sczin11 says:  ”I HAVE SHARED WITH ALL OF YOU, MY COMMUNITY OF FRIENDS, SINCE DEC 22, 2014, I FELT HE WAS THE KEY TO THE COMPLETION OF THE IRAQI MONETARY REFORM…IT IS CERTAINLY NOT OVER, BUT CERTAINLY SOMETHING TO SMILE ABOUT!!”
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Urgent urgent. ..Office of Al-Abbadi: temporary and agency appointments will expire soon

عاجل..مكتب العبادي: التعيينات بالوكالة وقتية وستنتهي قريباً[In Baghdad] Saad Al-Hadithi said, a spokesman for the Office of Prime Minister Haidar Al-Abbadi said “acting appointments of independent bodies are temporary and will expire in the next few weeks.”

Read More: http://dinarupdates.com/blog/
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Breitling - interview:  [Why did you get involved in Iraq and the dinar and where are you're going with it?]  When people get into investing it’s different from person to person.  What did I do?  I got out of the US dollar and into the dinar.   So the value of the US dollar went down and the value of the dinar went up a percentage…so I’ve already made 26%  just sitting on the dinar.  People may have bought at a different time or at a different price…but I’ve already won so it is NOT a debate of if it’s going to happenit’s already happened.  Some people may have just got into it and they have not seen an increase yet

You had to be brave when I first got into this around 2006 because they were adding MORE notes…they were basically diluting the value of the dinar.  You had to believe what the CBI was saying…’one of these days we are going to remove 70% of these notes off the market and we are going to reduce the note count and we are going to get it back up to three dollars.’  So for YEARS you HAD to have full on faith because they weren’t reducing the note count they were actually adding to the note count…

they were trying to make it cheaper and cheaper to restructure their country and then they finally reached a point where for the last 2 years they have been reducing it and that’s from the reports coming out from the CBI where they went from 6 billion notes to 4 billion notes and now their strategy is to get to a billion notes and that’s where we are going to gain our value.  They basically want to get it to a dollar then they will have a completely different strategy and that will get them to the $3 plus range. [So you've bet on the rebirth of Iraq and the country not just the dinar?]  Absolutely.
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Aggiedad77 - Article “Iraqi PM Haider al-Abadi to Visit US Next Week  PM Abadi to Washington next week…not this week…unless something has grossly changed…I’m thinking he is due in Washington around the 14th…whenever he shows up I hope he brings his A-Team and his best game to present before whoever he meets with here in the US…and I hope they listen well.
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tman23 - Yes…… Tuesday …….yesterday !  I heard they would have “access to money” Tuesday afternoon……..But I was then looking at the article that funds were sent to Kirkut on Monday and speculated on that…….. This with Shabibi is much bigger and coincidently took place Tuesday afternoon
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Opinion Piece…

Anyone promising, or hinting at, or alluding to – or inferring, or offering an “early exchange” – or any exchange with any abnormal benefit IS LYING (like everyone else on the internet – according to Hotels.com :) ).

There is no great Cabal conspiracy, no Dragon family holding sway over US financial markets (or an Iraqi RV) and no Chinese contract rate… (more internet BS). Not one person has “exchanged” under such circumstances.

These and other internet yarns are spun for a few very basic reasons – readership, sponsorship (because they are paid to)… or, in the worst case scenario – to separate you from your money. To get you to join, disclose and ultimately send Dinar somewhere in hopes of entitlement. There is no such thing. You have a better chance at one of these Nigerian lottery offers being real than one of these scammers paying off. 

This is a real investment with real investors. Unfortunately, it has attracted some unsavory characters. Enough with the bad news. What I can tell you…

This article showing Dr Shabibi next to the current Finance Minister in Kuwait is HUGE NEWS (Getty Images is no small potatoes outfit). Him being labeled “the Gov of the CBI” could be taken a couple of ways. First, he was at one time the Gov of the CBI. This could simply be a title of respect. Which I am suspicious of… even so – it is big to see him acting in concert with the financial upper leadership of Iraq. On the other hand, this piece – taken in context with the Alliraqnews.com article and Abbadi essentially giving a “veiled declaration” that Allaq would be replaced soon is HUGE NEWS!!!

It should be noted this meeting took place in Kuwait… and he attended openly. Even though Dr Shabibi was exonerated – according to my sources he won’t come back to Iraq (for any term of stay) with Maliki still “on the loose”.

Whatever your belief – Dr Shabibi had something planned Maliki did not like. For Maliki to sweep into the CBI on a weekend and scoop up all Shabibi loyalists… something was going down… and since Maliki has essentially played the obstructionist all along (at the behest of Iran – mostly), one could safely assume Dr Shabibi’s future involvement would be not good for the continued “Maliki doctrine” (whatever that is or was…). Meaning – things in the future, won’t be like they were.

Further – I think this meeting and it’s openness, Abadi’s “veiled declaration” the next day and the recent “buzz” in meetings with the CBI and various branches of Parliament is looking like a huge “black eye” for whatever Maliki’s aspirations might have been. Those aspirations hinge on the current GOI not being able to meet their commitments. It does not look like that will happen – in fact, it is clear… SOMETHING IS COMING!!!

BGG

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Frank26 - The HCL was approved and passed…iTeam told us they witnessed it back in January/February. …why do you think the citizens are becoming impatient? They know what it’s going to do for them.  They will have more purchasing power …retirement benefits…salaries…a portion of the land that pays them…so many factors to help them…they will finally see money coming! In a couple of weeks…a lot of activity in Iraq!
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Adam Montana - Article quote:  “A member of the citizen Bloc Hassan Khalati Wednesday that the general budget entirely dependent on oil imports must be to speed up the enactment of the oil and gas law, which ensures that regulate the relationship between the center and Iraqi Kurdistan.“  last week I made mention of how the HCL has been suspiciously absent in the news feed… well, not any more!The HCL is back on the table and it’s possible that we’ll see it addressed in the next Parliament session.   ...this looks like the beginning of a finale, but we aren’t standing in line at the bank just yet. As promising as this is, it’s STILL Iraq we’re talking about. We’re all on a “wait-and-see” status for the HCL, so let’s all…cross our fingers for some major HCL movement tomorrow or any other upcoming day (SOON!).
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Frank26 - …the CBI and GOI meet every day at 5AM to discuss the MR…and TODAY the articles finally tell you Dr. Shabibi is the Governor of the CBI!   …the GOI is currently consulting with several international banks to set up Treasure Bills. (5 Billion worth). That’s all? Huh…well…unless they do something about the 1166 rate  [it will be a joke]. 
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1264.760 1264.128
British pound GBP 1735.824 1734.956
Canadian dollar CAD 933.696 933.230
Swiss franc CHF 1212.815 1212.208
Swedish krona SEK 136.373 136.304
Norwegian krone NOK 144.875 144.803
Danish krone DKK 169.280 169.195
Japanese yen JPY 9.752 9.748
Special
Drawing Rights
SDR 1615.458 1614.650

Indicative rates – 09.04.2015

http://www.cbi.iq/

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Millionday - Article quote:  “Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City.”    SHABIBI IS THE GOVERNOR OF CENTRAL BANK IRAQ AS IT APPEARS HERE Quote:  ”Iraq plans to raise $1.8bn this year by using Iraq’s Special Drawing Rights at the IMF, which would be different than an emergency loan program.”  “Iraq is not bankrupt — we have plenty of assets we can use,” he said yesterday. But he also said, “We have a serious cash flow problem,” adding that Iraq’s financial squeeze was “very serious”.   SO AS WE SEE THE IRAQI DECISION IS TO USE THE SDR  [SPECIAL DRAWING RIGHTS].   [If Iraq is able to get major financial assistance from the IMF programs, would this now allow them to hold off the revaluation of their currency for what they may consider a more appropriate and safer time climate?]   NO THIS WOULD ALLOW THEM TO MOVE FORWARD WITH DEVELOPMENT AND THE IMF TO INVEST IN THE DEVELOPMENT.  [what does it mean borrow from SDR?]  I THINK THAT IT MEANS TO PAIR TO THE SDR.  [and pairing to the SDR would mean a rise in value of the dinar?]  YES IT WOULD WITH THE CONDITION OF THE US DOLLAR AND THE FLUCTUATION OF THE US DOLLAR.
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sczin11 - WHAT YOU MUST REALIZE, RAISING THE VALUE OF THE IRAQI DINAR, AGAINST OTHER CURRENCIES, ON THE EXCHANGE MARKET, DOES NOT…SOLVE IMMEDIATE LIQUIDITY PROBLEMS… THE IMMEDIATE GRATIFICATION ON THE “RV” PROCESS IS FOR THOSE OUT THERE, LIKE US, WHO WILL EXCHANGE DINAR FOR US DOLLAR. THE IRAQI PEOPLE DO NOT HAVE THAT  PRIVILEGE  NOR DOES THE IRAQI GOVERNMENT… A VERY BIG MISUNDERSTANDING OF THE PROCESS…BY MANY…THE IMMEDIATE EFFECT, JUST THE OPPOSITE FOR THE IRAQI GOVERNMENT, IT WILL COST THEM, AS THEY HAVE TO BUY OUR CURRENCY BACK… CASH OUT OF THEIR POCKET… AFTER IT GOES INT’L, NORMAL TRADING, BUYING AND SELLING, BID/ASK PRICES COME INTO PLAY.

THE RAISING OF THE VALUE OF THE DINAR, IS A LONGER TERM BENEFIT FOR THE CITIZENS, AS THE GOODS THEY WILL PURCHASE IN COUNTRY, SHOULD COME DOWN IN PRICE, DUE TO THE IMPROVED PURCHASING POWER BY THE IMPORTERS…FOR THE GOVERNMENT, FOREIGN INVESTORS COMING IN, SPENDING THEIR BILLIONS ON THE INFRASTRUCTURE AND TOURISM ETC…AND THE TARIFFS AND TAXES AS A RESULT, THAT WILL BRING BIG BUCKS INTO IRAQ, BUT NOT SO FAST...HENCE, THE REASON THEY HAVE BEEN LOOKING FOR, AND GETTING, SHORT TERM LOANS/CREDIT/REPRIEVES… 1, 3, AND 5 YR BONDS – 1 YEAR POSTPONEMENT TO KUWAIT, ETC.
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Frank26 - Iraq needs 7 BILLION DOLLARS per month just to function as a government. That’s 7 TRILLION DINARS! You can do the math. They need to raise the value of their currency.  The next 2 weeks are going to be crucial for Iraq.  CBI cannot give the GOI a date…so they tell them “get off my back.” We’re doing it. What else needs to “GET IN LINE?”  BONDS also need to get in line.   Bonds will kiss their “futures” goodbye if they don’t see VALUE soon EVERYTHING is waiting in line.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1264.760 1264.128
British pound GBP 1735.824 1734.956
Canadian dollar CAD 933.696 933.230
Swiss franc CHF 1212.815 1212.208
Swedish krona SEK 136.373 136.304
Norwegian krone NOK 144.875 144.803
Danish krone DKK 169.280 169.195
Japanese yen JPY 9.752 9.748
Special
Drawing Rights
SDR 1615.458 1614.650

Indicative rates – 08.04.2015

http://www.cbi.iq/

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Shredd - this project to remove the zeros is a huge one, both in process and meaning. In my opinion, the FC [Finance Committee] is at the “go, no-go” point of the project. They are ready but need to know activating this project will not cause problems perhaps unforeseen…security is a concern, inflation, counterfeiting not sure but I suspect some are scared to make this change the dollar has kept them afloat…they need to make the change, thats for sure, they just gotta agree on timing, the CBI is pushing for it…I imagine it’s like that last moment before you get married…. you are looking in the mirror taking a last look, deep breath then go!
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Kaperoni - Article quote:   “Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City.“   That is an interesting article…I would guess if the picture is current…he [Shabibi] is simply attending the Arab financial conference as some kind of advisor/or consultant.  We know that Ali al-Allaq has the title of CBI gov at this time  I believe the captions should probably read:  Iraq’s Finance Minister Hoshyar Zebari…and (former) Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City.
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sczin11 - I DON’T CARE IF IT IS NOT ANNOUNCED TONIGHT…I HAVE SHARED WITH ALL OF YOU, SINCE DEC 22, 2014, I FELT HE WAS THE KEY TO THE COMPLETION OF THE IRAQI MONETARY REFORM… IT IS CERTAINLY NOT OVER, BUT CERTAINLY SOMETHING TO SMILE ABOUT!

DR SINAN AL SHABIBI, HAS BEEN MADE PUBLIC, TO THE WORLD, NEXT TO ZEBARI, AT THE TABLE… (in the meeting with the IMF)…
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Iraq in talks with IMF, no decision yet

Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City.

KUWAIT: Iraq is discussing its financial situation with the International Monetary Fund but has made no decision to request emergency assistance, Iraqi Finance Minister Hoshiyar Zebari said yesterday… (note who is sitting next to Zebari)

Read More: http://dinarupdates.com/blog/
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Kaperoni - I haven’t seen any photographs that support that Shabibi has anything to do with the CBI any longer.   last I heard he was acting as a consultant which may be possible but I wouldn’t get your hopes up.
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sczin11 - IS DR. SINAN AL SHABIBI, IN LINE, PATIENTLY WAITING FOR HIS TURN? …WE STILL HAVE NO FURTHER CONFIRMATIONS… WE NEED MULTIPLE CONFIRMATIONS…SO FAR ONLY 1 ARTICLE, 1 SOURCE…COULD BE A FABRICATED SOURCE/BLOG.
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BGG - [Does anyone have a take on the RV timing and Abadi's scheduled meeting with Obama in the US on the 14th?]  there are a number of factors behind Abadi’s visit to the US. Were we to fully grasp the depth of that influence we might just have a peek at a potential time frame.  [So no RV April 30th?]   that is an interesting date. The 50′s [notes] won’t be valid anymore.
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Dinar Afternoon Drive Call

info w/BGG @ 3:00pm CST

Click on the call banner in the upper right corner!!

Smart phone user link – Click here

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Kaperoni ‏ - Interesting comments today from finance minister Zebari…. [who is shown sitting right next to Dr. Shabibi] stating they did not ask the IMF for financial help, yet are in negotiations…
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Breitling - [Tell me what's going on with the 50 dinar notes.]  It’s part of their policy to reduce the note count.  This is something we’ve been watching for a long time.  The most amount of notes they had was about 9 billion notes that represented 30 Trillion Dinar…1 note has 25,000 thousand dinar in it…a 25K note.  They are reducing the note count…the wealth that’s represented by that note get’s crunched up into small and smaller amount of notes…that’s where the wealth is always going to come from.  It always works like this…Right now the US is adding currency to it’s economy so the value of the dollar is going down.  With Iraq you have to believe they are going to reduce the note count…They decided to get rid of the 50 dinar note and this reduces the note count.

[People would think, Oh no, the 50 is going away.  that must mean for sure that they are not revaluing the currency or the currency is not going to go up anytime soon…what is your response to that?]  If they were going to take your and my dinar and they were just going to put a new currency out there then they would have done it in one shot.  There’s no reason to keep certain notes on the market…They got rid of the old Saddam Currency all in one shot…it was all done in six months.  They [Iraq] are talking a 2 or 3 year process and they are going to remove one note at a time as the value is added to the currency.  they told everyone what they were going to do…

They are going to reduce the note count by 70% and they are going to retire the notes at different stages.  This is proof [removing the 50 dinar note] that they are not going to remove all notes at once and is proof that they are reducing the note count…they used it as a strategy to reduce the note count.    So they’re reducing the note count and reducing the US dollar count in the Iraq market.
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BGG - …the Council of Ministers took an important decision to speed up the granting of visas to investors to no more than 72 hours, …“    …very curious set of events.  the big headlines in the ME were -  the “fast tracking” of investor Visas… Uh – might I ask – just who are these mystery investors needing immediate access – and why do they need such access…and two - the Kurds are apparently getting /or have gotten paid 455 million in USD.  where did they get that money…or are getting that money?
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Attention – Keep Poppy in your thoughts and prayers. He has had another stroke. The family has also asked for privacy. Please – no calls or visits. Pray from where you are. We will keep you updated. Thank you. BGG

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Frank26 - Abadi is being pressured…a good type of pressure…and that is a wonderful thing.   Abadi and Ali (GOICBI)…are still meeting and talking about how to increase the value of the IQD.  Everyone in Iraq knows that they’re meeting and everyone knows what’s happening in Iraq.  [Guru] Delta’s brother-in-law called…EXCITED…and said…“Delta on TV they are showing some important information that you might want to know about. There is a reporter who went to the CBI and asks “WHEN” is all of this going to happen?” The answer came from the CBI directly to the reporter that they are working on it and in a couple of weeks our goal is to get the IQD equal one-to-one with the USD.  “THERE IS AN EXPECTATION WITHIN THE NEXT 2 WEEKS TO BE ONE-TO-ONE ON PAR WITH THE USD.”  Is this “insider information?”  No. Currently the IQD is not “International” – there is no “insider information” – because this is a speculative investment. If the IQD was on the ISX as International – then yes…then there might be a problem.

Abadi is under extreme pressure because he is in charge of the 2015 budget which controls everything.  The patience on behalf of the citizens is growing very thin.  They are waiting for the new value of their currency.  …if you look back at the histories of countries currency revaluations…they almost occur in the middle of the month.  Always. This whole process must be done correctly. Controlled correctly.  All nations are EXPECTING for the value to change.  We believe that this past Saturday and Sunday …many laws were voted on.  We believe that these had to do with the monetary reform.  These laws could be the last ones that are needed. We believe an article may surface soon about that.  …they got the green light on March the 3rd and now it’s a glowing green light. 

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tman23 - Kirkuk’s Deputy Governor, said Rakan Saeed Al-Juburi, Monday……..said in an interview for alsumaria news, “the Commerce Ministry has converted $ 40 billion dinars to banks of Kirkuk”, pointing out that the amount “is the financial benefits of conservative farmers who have marketed crops wheat, barley silo Kirkuk.”……..  ((( Access to $$$ will be Tuesday…….and waiting to see what denoms are used to pay at the window……more so keeping an eye out to see if any of the “new”25k” notes hit the streets…….
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Arthur - There is absolute ZERO credibility to any unfounded claims that the HCL has been fully implemented.  Just in the past 48 hours we see an article stating: “Deputy for the National Adoption of the oil and gas will set the oil policy in the country“…… also stating  “must be to speed up the enactment of the oil and gas law“, and that “the next HOR sessions will see the inclusion of oil and gas law (HCL) on the agenda for the purpose of reading and discussion by the political blocs.“  It also stated that there is “a wide interest by the parliamentary blocs to complete the enactment of this law.”   I can confirm by my contacts that this is now being taken very seriously as all concerned are fully aware that nothing can move substantially forward until this is done and that it is in process to be fully implemented in short order. I can also assure you that the security situation is going according to internal and external planning and, although a very important component to the overall reform package, at this juncture it is not a major impediment to the MR that is currently in process therefore it is certainly no coincidence that the Gov. of the CBI Alaq is accompanying PM Abadi during the historic visit to the Kurdistan region prompting contractors and other Iraqi contacts to now be on high alert for upcoming payments in revalued IQD.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1254.033 1253.406
British pound GBP 1722.648 1721.787
Canadian dollar CAD 924.516 924.054
Swiss franc CHF 1204.048 1203.446
Swedish krona SEK 135.143 135.075
Norwegian krone NOK 144.305 144.233
Danish krone DKK 167.857 167.773
Japanese yen JPY 9.721 9.716
Special
Drawing Rights
SDR 1608.800 1607.996

Indicative rates – 07.04.2015

http://www.cbi.iq/

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Hub - i have a small tidbit…and understand this is not from me, but a contact in iraq…he is a contractor… he was informed they are going to be payed at $4.20.  [did they say when?]   talked like now…but again i dont know.
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Mnt Goat - Honestly if I thought it was going to RV any time soon (within the next days or weeks) I would honestly say so but this is just not going to be the case since there is absolutely no sound evidence of this being the case.  We still may have a couple months to go.  It is still all about SECURITY, SECURITY and more STABILIZATION in Iraq. This is the holdup and the IMF or the BIS are not going to release the currency to the international arena unless these reasons for down grading the currency in the first place no longer exists.  …I hate to tell you but…Tikrit was not in fact secure and ISIS was not gone. Abadi speech on this topic last week was premature and my contacts in the area has told me. As I have said…Iraq needs the following laws prior to any revaluation of their currency…I believe entirely this to be true from the high level sources I am communicating with….they are an integral part needed in the process of regaining the needed SECURITY and STABILITY of Iraq.  1)   National Guard Law  2)  Amnesty Law 3)    Full implementation of the new Iraqi Constitution  4)    Full implementation of all reforms formerly agreed upon as part of the reconciliation process.

This week we had the best confirmation ever by Kurdistan and the oil ministry of the full and now undisputed evidence of the implementation of the hydrogen carbon law (HCL). There were many articles on this subject. …I believe it is only a confirmation and this issue has been settled for some time already.  Article quote:  “Finance Minister Hoshyar Zebari, on Thursday, that the Iraqi government had sent $ 455 million to the province of Kurdistan.“  We can now see the proof for ourselves in this article as yet another payment is being made to the Kurdistan region in the sum of $455 million this month. It is becoming now routine…they are making payments on the 17% as agreed!  This is wonderful and exciting news.  
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sczin11 - Article:  “Parliamentary Finance Committee proposes to cancel the auction currency Central Bank“  WHAT DO WE SEE HERE…AS SOME TRANSLATIONS HAVE STATED, THEY ARE IN FACT, HOLDING AUCTIONS? THE CBI WEBSITE SHOWS LAST AUCTION FEBRUARY 19, 2015.. CAN NOT FIND AUCTIONS ANYWHERE ELSE BEING DIVULGED…WE WERE TOLD NEW MECHANISMS…WE WERE TOLD REMITTANCES…AND NOW WE SEE, AUCTIONS, AGAIN?
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Barzani receives Abadi at Erbil Airport

Alsumaria News / Erbil - Arrived Prime Minister Haider al-Abadi , on Monday, to Erbil airport on top of senior military and government delegation, while the province of welcoming the President ofKurdistan , Massoud Barzani …

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

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Poppy3 - [if they spent 30% of the budget and they have 75% of the year left; How will they survive?] …THEY WOULD HAVE 70% LEFT BUT THE FUNDS SET ASIDE COUPLED WITH THEIR GROWTH AND OIL SALES CASH FLOW CAN PUT THEM OVER.  HOWEVER FROM CONTACT ON THE GROUND THERE, WHEN THEY WERE BUDGETING FOR THE 2015 BUDGET AND STILL TRYING TO FINISH THE 2014 BUDGET HE WAS TOLD THE BUDGET FOR 2015 WAS BASED ON $1.41 SO THEIR NEW BUDGET WHICH HAD MORE ADDED TO IT TO PAY THE LOAN ON THE 2014 BORROWED TO FINISH IT REQUIRES THEM TO RV HIGHER TO FULLY FUND THIS YEAR. 
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Jester - WE DID NOT RECEIVE ANY NEWS TODAY FROM THE SANDBOX… BUT YESTERDAY THEY WERE CERTAINLY THINKING THINGS WERE GOING THE RIGHT DIRECTION… WE WILL SEE I SUPPOSE…LET’S HOPE IT IS A BRIGHT NEW DAY WHEN THEY SEE IT…
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Millionday - [I think we are in the last phase...how do you feel about that?]  I THINK THAT WITH ALL OF THE OTHER PHASES DONE WE ARE AT THE IMPLEMENTATION PHASE ACCORDING TO…THE REPORTS WE HAVE SEEN…
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1254.033 1253.406
British pound GBP 1722.648 1721.787
Canadian dollar CAD 924.516 924.054
Swiss franc CHF 1204.048 1203.446
Swedish krona SEK 135.143 135.075
Norwegian krone NOK 144.305 144.233
Danish krone DKK 167.857 167.773
Japanese yen JPY 9.721 9.716
Special
Drawing Rights
SDR 1608.800 1607.996

Indicative rates – 06.04.2015

http://www.cbi.iq/

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Poppy3 - …MY CONTACT TOLD ME VERY CLEARLY THE LEADERSHIP HAD A MEETING IN PRIVATE AND I MEAN ABADI, JABOURI, BARZANI, CBI ETC ETC MET FROM 8AM TILL AFTER 10PM IN ONE SETTING AND TOTALLY AGREED ON WHAT IS REQUIRED OF ALL OF THEM TO COMPLETE FINANCIAL REFORM.  HE SAID THEY NOT ONLY SHOOK ON IT THEY DID THE UNTHINKABLE AND HUGGED ON IT STATING THEY WILL NOT BE DETERRED FROM THE COMPLETION BY ANYTHING. THAT WAS 11 WEEKS AGO NOW AND THEN 3 WEEKS AGO HE REPORTED THEY HAD ANNOUNCED TO IRAQ GOI LEADERS THEY HAVE ENTERED THE FINAL PHASE.  WHAT IS REQUIRED IS NOT PUBLIC TO YOU AND I…  THE TIME FOR FINAL PHASE IS NOT AND WILL NEVER BE KNOWN EITHER.  LIKE THE LAST TWO WEEKS ABADI AND THE CBI LEADER SAID A FEW DAYS.
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BGG - …we are – we’re WAAAY closer than we were when I first looked at this thing.  I just make a comment on the context of where we are at…from 2003 to now – HUGE difference. We at least stand a fighting chance…whereas – even under Maliki the odds were way worse than they are now.  [But how can the fund the rest of the budget without an RV?]  I wouldn’t normally make this comment – but IMHO it will be very difficult to do so without added value from somewhere.

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Arthur - There has been a lot of progress in recent days in several areas both political and security.  The final part of the security phase is now being completed with the final liberation of Mosul and other occupied areas and the political leash being put on Iran.  Any notions that security concerns will hold up anything till June are totally unfounded as it will not take nearly that long to finish up these operations.  Which leaves what we are and have been waiting on all along and that is the finality to our long awaited equation GOI + HCL = RV.  The final negotiations for this historic Law has everything to do with everything, the budget, reconciliation, amnesty, etc.  As I said before nothing will move substantially forward until the HCL is finally and permanently implemented.  Which is the reason for this update.  Due to sheer time and liquidity constraints both internal and external, there have been several breakthroughs over the past few days.   

Part of the problem has been that the once solid and consistent leadership in Kurdistan is in a transitional phase which has led to a new level of mistrust between the center and the region and have slowed negotiations, but with the assistance of several entities there has been some substantial headway made of late leading to the payment of $455 million and quieting the dissenting voices in the region.  There has also been a settlement in the sticky issue of the $300 million lawsuit Baghdad filed against the Greek shipping company the Kurds used to deliver oil which Baghdad deemed as illegal back in September of last year.  All this has happened in the past few days and I am now getting that we could be just days away from the HCL agreement finally being read in to law.  This is the reason Iraqiya News is now confidently predicting that we are within days of finally seeing a reality rate for the Iraqi dinar.
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Word for the day…

Matthew 28:6-7 (NKJV)

He is not here; for He is risen, as He said. Come, see the place where the Lord lay. And go quickly and tell His disciples that He is risen from the dead, and indeed He is going before you into Galilee; there you will see Him. Behold, I have told you.”

Heavenly Father, thank You that Jesus arose from the dead!  Thank You that we serve a Risen Savior!  In Jesus Name, Amen.

Mrs BGG

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Adam Montana - …for all you newbies here – a “major change in the rate of the Dinar” is what we’re waiting on. It’s the so-called “RV” or “RI” that everyone talks about.  Don’t expect Iraq to call it an “RV”.  Most likely, they will simply announce something like this: “CBI announces change in exchange to equal 1 dinar equal to 10 cents USD”. I don’t foresee any fanfare or press releases. The CBI won’t have time to enjoy the party that people will want to throw for them, accept awards, or anything else. My expectation is that they will be excruciatingly silent about their reasons, future intentions, and everything else related. They will simply issue directives to banks, manage an explosion of activity with their auctions, and tell the world “This is now how it is. We do not need to answer questions.”  And the world will just have to accept it. 

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Millionday - PER THE IMF — THERE ARE FOUR PHASES AND WE ARE AT THE LAST ACCORDING TO REPORTS AND ARE TO THE END WHICH IS — IMPLEMENTATION.  SO — (FOUR PHASES) — POLICIES FINANCIAL LEGISLATION EITHER IN PLACE OR UNDER WAY (DONE) — NEXT —SETTING UP POLICIES TO DO WITH REFORMS (DONE)– NEXT — A DETAILED COUNTRY BUDGET (DONE) — NEXT — PRODUCTION OF THE NEW CURRENCY (DONE) AND THE NEXT AND FINAL —IMPLEMENTATION — WHOOOPOW.
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Poppy3 - I think we are on the very verge of a new exchange rate and not 1166…way beyond.  I DID HEAR FROM A WASHINGTON CONTACT, THEY THERE ARE TRUELY EXPECTING A RATE OF $1.13 BUT I TOLD HIM THAT DOESNT SOLVE ANY OF THEIR PROBLEMS. THEY NEED $3.00 PLUS TO FILL THE BUDGET MUCH LESS PAY ALL THEIR OBLIGATIONS PROMISED DURING THIS YEARS BUDGET INCLUDING DRAWING IN INTERNATIONAL INVESTORS.   JUST CAN’T HAPPEN THAT LOW.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Administrator Bob - the Central Bank of Iraq will demonetize (cancel) the value of the 50 dinar note….CBI deadline…April 30th, 2015. After that time, the banknote will be considered void and will no longer be legal tender or have any purchasing power. 
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tlm724 - Article quote:  “Kurdistan Parliament approves oil and gas law and the fund is a private body has Arbil / long-Presse Kurdistan region’s parliament approved on Wednesday a draft oil and gas revenue fund for the Kurdistan region code…“  they seem to have compromised and we should see great progress on the Iraq’s HCL now.
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Breitling - Article “The month of next April will see the stability dollar against the dinar return to the normal price due to the series of steps carried out…“  What’s that mean?  They are manipulating the market and that’s a good thing!  What they are trying to do is control the amount of US dollars that are in Iraq so it has a controlled competitive effect against the dinar…that’s exactly what they’re doing.  They are moving forward.
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People crowd demonstrating in front of the province of Babylon, demanding overdue salaries

Tens of elements of the popular crowd, Friday, before the Council of the province of Babylon, demanding their salary arrears for the past four months, despite official promises to launch…

Read More: http://dinarupdates.com/blog/
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Shredd - Article:  “Kurdistan Parliament approves oil and gas law and the fund is a private body…“  Quote:   ”the law provides for the allocation of two dollars for every barrel of the realms and districts oil producers,” pointing out that “the meeting decided to set up a special fund Authority revenue, comprising six people, will be the ratification of the appointment by the Parliament of Kurdistan .”  Very nice. Getting closer to this being a reality and checked off the list!
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Delta - FROM IRAQIA TV FINANCIAL NEWS…REPORTER SAID: IT’S EXPECTED FOR THE IQD VALUE TO BE CLOSE TO A DOLLAR WITHIN 2 WEEKS!!!  AND THAT WAS BASED ON THE INFORMATION TOLD BY THE CBI TO THE FINANCIAL COMMITTEE AT THE PARLIAMENT!!!
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Chattels - Article quote:  “House Speaker Salim al-Jubouri on Wednesday decided to cancel all vacations for members of the House of Representatives until the end of the current legislative term 1 / next May.”  if the foregoing means May 1, 2015 then we have almost 30 days of a working Parliament without leave or vacation.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1254.033 1253.406
British pound GBP 1722.648 1721.787
Canadian dollar CAD 924.516 924.054
Swiss franc CHF 1204.048 1203.446
Swedish krona SEK 135.143 135.075
Norwegian krone NOK 144.305 144.233
Danish krone DKK 167.857 167.773
Japanese yen JPY 9.721 9.716
Special
Drawing Rights
SDR 1608.800 1607.996

Indicative rates – 04.04.2015

http://www.cbi.iq/

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tman23 - I just question the chance of any rate change during the exchange and elimination of the 50 IQD note…  [...which ends April 30th right?]  That is my understanding.

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Millionday - PER THE IMF –THE THIRD STAGE IS THE PRODUCTION OF THE CURRENCY THAT HAS BEEN INCLUSIVE OF THE NEW DESIGN AND THE SECURITY STRIP. THERE ARE FOUR PHASES AND WE ARE AT THE LAST ACCORDING TO REPORTS AND ARE TO THE END WHICH IS —- IMPLEMENTATION.   THIS IS…VERY, VERY ENCOURAGING…WHOOOPOW. …OBVIOUSLY THE IMPLEMENTATION WOULD BE THE ISSUANCE OF THE CURRENCY…
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Jester - BOEHNER IS STILL IN THE MIDDLE EAST… WHAT THE HECK ARE THEY DOING HANGING OUT THERE ALL WEEK DO YOU THINK?   WORKING ON GETTING THINGS FINALIZED MAYBE?  I LIKE THE FACT THAT EVERYONE IS LINED UP… THREE DAY WEEKEND ON THE WAY… AND ON A FRIDAY THIS TIME… THE SAME DAY THE OTHER GUYS ARE USUALLY OFF TOO…
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Parliamentary Finance attributes the reasons for the high dollar to impose taxes on traders

BAGHDAD – ((eighth day)) Parliamentary Finance Committee Ezzat, on Thursday, the reasons for the high dollar against the Iraqi dinar to raise the government’s tax on currency traders and the traders and companies, adding that the current price will remain stable and will not rise further…

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

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Poppy3 - [WHATS THE WORD ON THE STREET?]   WORD ARE SAME AS LAST WEEK…THEY ARE IN THE LAST PHASE AND WILL NOT STOP TILL COMPLETION.  PLUS WE HAVE HAD ABADI AND CBI STATE THEY WILL COMPLETE IN THE NEXT FEW DAYS.  I KNOW WE DON’T KNOW THEIR DEFINITION OF FEW DAYS BUT FROM THEIR HISTORY I SUSPECT IT WOULD BE 30 DAYS OR LESS AT ANYTIME. THEY WILL TALK OF THINGS NEEDING TO BE DONE BUT THEY WILL NOT STOP PROGRESS. THEY WILL NOT GIVE HINTS OF IT HAPPENING…THEY WILL LEAD US TO THINK IT’S A LONG WAY OFF THEN DROP IT ON US WHEN WE LEAST EXPECT.  REMEMBER HISTORY…CHINA AND KUWAIT BOTH SAID THEY WOULD NOT RAISE RATES FOR MONTHS THEN RV’ED AT 3PM THE SAME AFTERNOON THEY SAID THEY WOULD NOT RV.  I EXPECT SIMILAR THING HERE WITH IRAQ.  
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Montana - [Does the RV HAVE to happen ONLY during a Sunday night into Monday morning due to the FOREX markets being closed during that time?]  Of course not. The CBI is not obligated to do anything on any day, ever, for any reason whatsoever. 
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Millionday - [Some reports say that Iran talks have to conclude before RV - any truth to that?]   I HAVE AN OPINION – I DONT SEE HOW THE TALKS WITH IRAN WILL STOP THE TRANSITION OF IRAQ`S MARKET.
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LIVE Dinar Q&A Call – from last nite!!

w/BGG and Mr White from 4/02

Click on the call banner in the upper right corner!!

Smart phone user link – Click here

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Breitling - They are not going to turn the dinar into electronic money…it’s not that kind of economy.  They are still trying to piece this country together.  There are not ATMs on every corner.  30% of the Iraqi economy is based off of the US dollar but the IQD is based on the USD anyway …they are after the US dollar so they can put it in their foreign currency reserve and back their notes up that much more…the 50 dinar note being taken off is a HUGE chunk.  It’s a big deal.  You should be very very happy.
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Millionday - [Does anyone know if the United nations operational rates are posted first or the Central banks, Because the UN operational rates are always posted on the first day of any given month?]  THE MOST ACCEPTABLE TIMING FOR A CURRENCY MARKET CHANGE FALLS GLOBALLY ON THE 1ST AND THE 15TH OF EVERY MONTH.   THE TWO DIFFERENT TIMES ARE THE BEST TIMES MARKET WISE – EVEN THOUGH SOMETIMES THEY MAY NOT LIST CHANGES MADE YET – MATHMATICALLY — ECONOMICALLY ETC THE MARKET DICTATES THAT THE 1ST AND THE 15TH ARE THE BEST AND THE LESS NEGATIVELY IMPACTED BY CURRENCY CHANGES.
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Poppy3 - LETS HOPE ALL THESE DIGNITARIES FROM THE US, CHINA, UNITED NATIONS, WORLD BANK REPS, ETC ETC. DON’T SLOW THEM DOWN AND ABADI MEETS THE DEADLINE OF TOMORROW NIGHT AT MIDNIGHT AND GET THESE PEOPLE PAID AS PROMISED LAST MONTH. 
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1254.033 1253.406
British pound GBP 1722.648 1721.787
Canadian dollar CAD 924.516 924.054
Swiss franc CHF 1204.048 1203.446
Swedish krona SEK 135.143 135.075
Norwegian krone NOK 144.305 144.233
Danish krone DKK 167.857 167.773
Japanese yen JPY 9.721 9.716
Special
Drawing Rights
SDR 1608.800 1607.996

Indicative rates – 03.04.2015

http://www.cbi.iq/

______________________________________________________________

Aggiedad77 - Article:  “Parliamentary Finance: taxation to raise the dollar’s exchange rate against the dinar“  …this Finance Committee member has now come forward with probably 4-5 reasons why the USD continues to rise against the IQD…it is called supply and demand…There is less available on the street these days so the price has to go up if the demand is there…but he continues to point to all sorts of things…today claiming it is the taxation process that the government is implementing that is the cause…He does say it will now stabilize and not go any higher…wonder what he basis that on…
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Millionday - Article quote:  “Parliamentary Finance Committee, announced Wednesday, all hosted by Finance Minister Hoshyar Zebari, and the Governor of the Central Bank on the Keywords to discuss important financial issues concerning the country.”   PARLIAMENT HAS HOSTED GOVERNOR OF CBI (NO NAME AGAIN).   HERE IS THE BEST PART AND THE BEST GOAL WE COULD SEE IN OUR POSITION IMO.  Quote:    “The goal of hosting is to discuss the issue of the Iraqi currency and strength in the global market, as well as discuss the current financial crisis in Iraq.“  SO THEY ARE HOSTING TO DISCUSS THE ISSUING OF THE CURRENCY AND ALSO THE STRENGTH IN THE >>>GLOBAL MARKET<<<WHOOOPOW!
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Adam Montana - [How confident should we be that all currency (pre- and post- August 2014) will be honored in an RV?]  I am very confident that all currently honored notes will be honored for however long they say they will honor them.  At this time, only the 50 dinar notes are being pulled, and they were very clear about the timeframe and exchange policy.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

______________________________________________________________

tman23 - Salim Al-jubouri, Wednesday, to cancel all leave the House until the end of the current legislative term, beginning May 1…CANCEL ALL!  They are going to committee to work on laws…    Mustafa visited Baghdad for a meeting…(Gorran Party Head for Kurd region)… Barzani (KDP) and Talibani (PUK) both agreed that it is time for the Kurds to begin the move towards independence from Baghdad.  Truth be told…  THE KURDS ARE NOT HAPPY! There are foreign investors in Iraq that are ready to BOLT from the Kurd region…Investors on the sideline in Kurdistan are not happy…they have $$$ tied up that they cannot get out of the country right now and progress has been at a stand still for too long. The “coming days” verse by Baghdad does not work in the business world…especially when your company has shareholders that you have a fiduciary duty to uphold.  This is a very interesting move by Jabouri… We can speculate that the RV may be on the table for release right now…or there is serious political differences between The Kurds and Baghdad…And I from what I’m told…Kurds will go to June and then shift sails…$$$$ solves a lot of problems.
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Poppy3 - [Heard Sec of Treasury and J. Boehner are over there...Confirmed? Wonder what they are doing there?]  ALSO BAN KI MOON FROM UNITED NATIONS IS REPORTED THERE AND A GROUP FROM THE UST…WORLD BANK.   THEY ARN’T THERE TO EAT SHRIMP AND DRINK? TIME WILL TELL VERY SOON. 
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Millionday - Article quote:  “Parliamentary finance committee, said that the Governor of the Central Bank of Iraq, told her that the exchange rate of the Iraqi dinar against the dollar will return to normal in the coming weeks.“  THE FIXED RATE OF 1166 WILL BE RETURNED IN THE COMING WEEKS — OR WHATEVER RATE THEY PLAN ON – SMILE.   YEARS AGO SALEH USED TO REFER TO THE ECONOMIC REALITY AS A RETURN TO “NORMAL” – SO INTERESTING INDEED
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1279.452 1278.812
British pound GBP 1740.721 1739.851
Canadian dollar CAD 934.969 934.502
Swiss franc CHF 1222.222 1221.611
Swedish krona SEK 138.155 138.086
Norwegian krone NOK 148.764 148.690
Danish krone DKK 171.329 171.244
Japanese yen JPY 9.774 9.769
Special
Drawing Rights
SDR 1623.888 1623.076

Indicative rates – 02.04.2015

http://www.cbi.iq/

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tman23 - The CBI made an announcement giving THE GREEN LIGHT to lift the 3 zeros…… Green light means GO !!  Shabibi when in office said it was a 3 stage process with each stage taking approximately 6 months…….. Now you can speculate what stage the CBI is in…..They issued orders to pull the 50 notes out of the market and will no longer honor them at the end of April……. IT IS WORK IN PROGRESS……They have begun monetary reform !!  These are FACTS !   And huge news has been the G20 with new system and codes for international settlements…
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Adam Montana - [If the HCL was to pass tomorrow that does not mean that the RV would follow shortly after that. You have always said that the CBI will pull the trigger on the RV when they think it is the right time to do so.  So it could be right after or a week after or a year for then correct?]    …when the HCL is announced, that will be when the CBI is ready and I don’t see the RV being delayed beyond that.
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ScottiG - …keep your eyes on the court systems.  We may see some interesting things happen over the next few days. Cannot go into details…but not blowing smoke.  Could be very positive for us…court system in Iraq.  Seen enough smoke over there, maybe see some traction soon…Rate of $3.84.  Don’t know why we haven’t seen it…I think we are in good shape…I think we are extremely close…The CBI is in control of the release of this…know that the Central Bank is very eager to get this thing going… Put all the pieces together and you have a picture.  Who pulls trigger? Cannot say…More than one entity involved. Iran is 2d largest holder of dinar (IQD).  I think what they may be holding onto is they want all these sanctions lifted…Iran wants all these sanctions lifted from USA and other countries I got a gut feeling they (Iran) are putting pressure on the CBI not to do anything until they get what they want.  Don’t know if someone is stopping someone else from doing it, or someone standing in the middle of the road – don’t know.  May see some activity in next few days.
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Parliamentary Finance hosts Zebari to discuss currency

BAGHDAD / Obelisk: A parliamentary source said, Wednesday, that the Finance Committee and the House of Representatives hosted Finance Minister Hoshyar Zebari to discuss the currency and foreign currency topic in Iraq.

He Almusderfa statements pursued “obelisk”, “The Parliamentary Finance Committee hosted, today, Finance Minister Hoshyar Zebari.”

The source, who asked not to be named, said: “The aim of hosting comes to discuss some things about the currency and foreign currency in Iraq.”…

Read More: http://dinarupdates.com/blog/
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Adam Montana - So, what’s the hold up on the change in rate?! Let’s start with the stability of the rate. This is one of the key factors to the CBI actually having the ability to raise it in the first place. Throughout the last dozen years, the CBI has proven beyond a doubt that they are capable of supporting whatever rate they set. Their track record is impeccable, and when they decide to raise the value of the Iraqi Dinar, there is not one power on earth that will successfully challenge their right and ability to do so. Next we have the stability of the country that owns the currency. With the recently changed leadership in Iraq, we have witnessed an amazing spurt of progress. Under Abadi’s leadership, Iraq was sprinting forward at a pace we had not seen in over 10 years! And then, suddenly…silence.  It’s been my opinion over the last couple months that the HCL is the numero uno factor in raising the rate. We haven’t heard much on the HCL in the past month or so, and interestingly (or accordingly) we also haven’t heard much about the “0′s” or an increase in the “strength”of the dinar. Coincidence? I think not.

It’s my strong opinion that the HCL is done… in fact, just last week it was announced that there are no objections between the Kurds and Baghdad on it. They are also on the same page about boundaries. Ban Ki Moon reports that he’s happy with the situation between Erbil and Baghdad. So if there are no objections, what else is there? I believe it’s as simple as sorting out a few small items, such as: 1. Amending the banking laws to support CBI’s actions for the increase. This has been going on for the last month, and is nearing a finish. Parliament is checking off major items in a very methodical manner.  I like it.  2. Defining where the money will go when it’s found. This is no different than forming a new company… you have to determine ownership in the shares etc. Again, they are making very timely progress on these things.  So with the HCL all but rubber-stamped and announced in the Gazette, and Parliament still moving forward in a peaceful and cooperative fashion, I only have one thing left to say on it. Stay patient, my friends. We all wanted this to pop a decade ago, but when there’s no need to panic… well, there’s no need to panic! We’re still in the “Go Zone”, and it’s just a matter of time before we’re launched.
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Jester - …WHAT WAS BOEHNER DOING IN IRAQ… WHAT WAS MCCONNEL DOING IN IRAQ…. WHAT WAS LEW DOING IN CHINA… THE GAME IS AFOOT… I AM TOLD THINGS WILL GET INTERESTING IN THE NEXT COUPLE DAYS… I AM LOOKING FORWARD TO IT…I HAVE NOT HAD THIS MUCH INFORMATION LINING UP IN A LONG TIME… AND IF MY SOURCES ARE CORRECT… WE WILL NOT BE WAITING MUCH LONGER…I AM PRETTY EXCITED MYSELF.
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Millionday - Article quote:   “Managed security forces and the popular crowd, on Monday, editor of the government complex downtown Tikrit, and raising the Iraqi flag over it, as well as the liberalization of three other areas in the city occupied by “Daash“   IRAQ HAS RAISED THE IRAQI FLAG IN TIKRIT AND THREE OTHER CITIES...   Quote:  “When he said Abadi, Secretary-General of the United Nations Ban Ki-moon, who is currently visiting Baghdad, near the announcement of final victory in Tikrit, followed by Anbar and Mosul.“ SO MOON AND ABADI ARE VERY CLOSE AS OF WHEN THIS REPORT CAME OUT TO ALSO BE ABLE TO ANNOUNCE THE FINAL VICTORY FOR TIKRIT AND FOLLOWED BY ANBAR AND MOSUL — HUGE SUCCESS.  THAT IS GREAT NEWS AND SUCH A BOOST FOR MORAL AND ALSO CONFIDENCE FOR THE INVESTORS IN THEIR SAFETY.
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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com - save as favorite!
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Frank26 - The nation of Iraq is going thru a REINSTATEMENT of their currency – you see the evidence … proceeding to lift the 3 zeros to add value to their currency!  They had to submit the LOI [Letter of Intent].  The IMF gave them the green-light to start this process. They had 30 days to do it.  From March 3 to April 3 is our speculation.  Abadi met with the governor of the CBI to push this redenomination…with confidence that they have SECURITY.  …they’ve used up 30% of the budget…The GOI will still not have enough LIQUIDITY with the remaining 70%.  The only solution is to increase the IQD value.
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Kaperoni - …reality is, there is no delay, other than the same process of events we are waiting on…which is the development of the economy and banking system to the point where they can begin to raise the value of the dinar.  …people forget a portion of the country has a terrorist organization stealing every nickel and dime they can to survive…that includes the banking system, the citizens, and destroying anything including infrastructure that seems to impede that greed.  We all want this done…like yesterday…but the point is…they are not there yet plain and simple.  …Iraq has some work to do…and once they get those laws passed we will be in a better position for the event to start.
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tman23 - Iraq has NO LIQUIDITY…To RV the currency they need it to be accepted at it’s RV’d value by countries they will trade with…MAINLY PARIS CLUB which is the Group 19…BUT…We are on the EVE of a Iran deadline for a nuclear deal…we have Boehner in Israel and Saudi’s pounding the war drum against Iran…Maybe a RV…tightens the screws on Iran… But don’t put the cart before the horse…This deal with Iran is a BIG DEAL…and lines are drawn in the sand… Lots going on…much more important then the price of a phone card in Iraq.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Millionday - Article quote:  “A senior source in the Ministry of Finance reported that Kartat raise prices of mobile phones and the mobilization of the taxes that have been voted upon in the 2015 budget will be applied officially regarded as the beginning of next April.”  TELECOMMUNICATION MARKET CHANGES TO BEGIN THE FIRST OF APRIL.  IT IS VERY IMPORTANT FOR YOU TO NOTICE —BY CHOICE SOME HAVE TAKEN IT UPON THEMSELVES TO RAISE PRICES BUT THE MOST IMPORTANT POINT BEFORE THE OFFICIAL DATE TO DO SO.  THIS HAS TO MEAN THERE IS AN OFFICIAL DATE TO APPLY RAISED/CHANGED PRICES – WHOOOPOW.   THEY MAY NOT KNOW THE DATE BUT ARE INFORMED THAT THEY WILL BE RECEIVING ONE AND ARE TO APPLY AT THAT TIME…
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tman23 - Lots going on…….. New system and codes ready to be implemented by the G20 …….. Everyone waiting on news out of Switzerland on the Iran nuclear deal (as today was the deadline)…..and last day for countries to sign on with new Chinese Bank….“The timing of Secretary Lew’s visit to coincide with the deadline for countries applying for founding membership of the AIIB may signal that the US has decided to join,” said Tim Condon, chief economist and head of Research at ING Asia, to the South China Morning Post……………  ALL COINCIDENCE TO BE TODAY AS THE LAST DAY AND 4/1 THE BEGINNING FOR ALL THESE EVENTS………COINCIDENCE !!??!
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Bluedog - THE PORT OF MUBARAK AND SEEING THE RECENT AGREEMENT ON SHARED BORDER OIL WELLS …YOU SEE KUWAIT AND IRAQ ATTACHED AT THE HIP…AND WE SEE IRAQ OPENING THEIR BUDGET ONE STEP AT A TIME ITS ABOUT TO BLOOM IN FULL …AS WE THE USA TAKE AND SEND OVER A THOUSAND TROOPS …DO YOU THINK THESE ARE THE FIRST AND ONLY….. NO WE HAVE MANY THERE…RECENTLY THEY DID (MANY COUNTRIES OFF THE SHORES OF KUWAIT HAVE DONE MILITARY OPERATIONS TO SECURE THIS AREA OF THE MIDDLE EAST) …TO PROVIDE SECURITY…AND THE GREEN LIGHT FROM THE CBI IS NOT LONG OFF… 

…THE KURDS DID A EXTENSIVE SURVEY OF THE BORDERS OF ALL THEIR AREAS…THAT HAS BEEN DONE …ALL RELIGIOUS LEADERS HAVE MET WITH JORDAN THAT WAS VERY IMPORTANT …NOW WE SEE THAT A NATIONAL UNITY IS AT HAND AND BEING FORCED …SECURITY LOOKS AS THO ITS AT HAND INSIDE IRAQ.  ABADI IS ACTING AS A LEADER OF A COUNTRY WITH A NEW BIRTH…UN MOON IS THERE AND IMF HAS VISITED KUWAIT AND MET WITH LEADERS OF IRAQ AND THE AREA …SAUDIS ARE HAPPY READY TO MOVE IN WITH THEIR EMBASSY THAT IS A MILE STONE …JORDAN MOVED IN SWIFTLY TO TAKE DAASH OUT AND OTHER ARAB COUNTRIES …WE HAVE NEVER SEEN THIS IN THE MIDDLE EAST EVER …THEY ALL HAVE INTERESTS IN IRAQ…REST ASSURED WE ARE CLOSE VERY CLOSE TO YOUR INVESTMENT GOALS…JIMO.
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Dinar Afternoon Drive Call!!

w/BGG – from Tues 3/31

Click on the banner in the upper right corner

Smart phone user link – Click here

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Frank26 - SECURITY…This is extremely important topic in Iraq right now.  How is possible that all of these important people are there in Iraq…if Iraq is still in a war-torn condition and dealing with “security?”  Securing Iraq really started back in 2014 when the GOI and the CBI became one.  Have you seen the CBI talk to you since Abadi and the governor of the CBI got together?  That was a major meeting for the MR (Monetary Reform) of the IQD.  Have you seen any word from the CBI since that meeting?  It’s been over a week. No word yet they still meet. They are still meeting. Today…actually late last night…the GOI (finance minister) comes out and says  “hey, we’ve already used 30% of the budget”.  Of course they’ve used up 30% of the budget…we’re nearly ending the 1st quarter of 2015.  You saw payments that were sent to the Kurdistan region.  So…the Kurd’s millitary is the only ones who got paid? That is correct.  Can we see the rest of the budget now?  No.  Why? …because in our opinion they only have 2-3 trillion dinars left. That’s it.

They are really scraping the bottom of the barrel now.  Liquidity is about used up.  So in the next coming days they are planning on opening up and using the other 70% of the budget – (in the article this morning).   In the next few days? How will they open the rest of that 70% of the budget?  In our opinion by raising the value of the IQD and by removing 1166 and sending a LOI. [Letter of Intent].  The LOI we believe was sent on March 3rd and matures in 30 days.  In the next few days they will create liquidity by creating value to the exchange rate!  The sequence of events are lining up  right before your eyes…SECURITY…ISX…COUNTERFEITING MEASURES…everything is lining up!
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Poppy3 - I WAS TOLD BUT CAN’T FIND IN PRINT THAT IF THE BUDGET IS NOT INSTALLED BY THE END OF THE FIRST QUARTER THEY WILL BE PREVENTED FROM MAKING THE PAYMENT TO WIDOWS, ORPHANS, RETIRED MILITARY RETRO ACTIVE BACK TO JAN 1.   IF TRUE PEOPLE WILL BE HIGHLY PISSED OFF.
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Millionday - Article quote:  “The Iraqi government announced on Sunday, modify the civil Banking Act, or the so-called «commercial banking law…“    THEY ARE AMENDING THE ISLAMIC BANKING ACT AND THIS IS BEING OVERSEEN BY THE WORLD BANK.  THE BANKING LAWS THEY ARE REFERRING TO ARE FROM 2004 — IT IS LOGICAL THAT THESE WOULD NOT GO WITH THE ECONOMIC AND BANKING DEVELOPMENT THEY ARE WORKING — SO THIS IS GREAT NEWS.  THE GOAL IS TO DEVELOP A COMPETITIVE ATMOSPHERE FOR BANKING AND INVESTMENT. THEY HAVE TESTED THE REGULATIONS AND ISLAMIC BANKING TO SEE HOW GLOBALLY IT WILL WORK AND FOUND THAT IT WORKS — TEST PASSED!

THIS IS HUGE AS FOR BANKING DEVELOPMENT IT IS NOT SOMETHING DONE AND ADDRESSED IN THE BEGINNING BUT IS HOWEVER TESTED AND ADDRESSED AT THE END OF ALL THE PLANNING ETC — WHOOPOW!  NO ONE KNOWS THE DATE OF WHEN THE ACTUAL REALITY RATE WILL BE APPLIED – THE ECONOMIC PROGRESS IS VERY EXCITING DUE TO THE FACT THAT IT IS ALL PART OF THE BANKING REFORMS THEY HAVE TALKED ABOUT IN PREVIOUS REPORTS. THE INFORMATION IS VERY EXCITING TO SAY THE LEAST.
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Parliamentary Finance: The government has introduced only 30% of the budget in effect

Tomorrow Press / Baghdad: Finance Committee revealed that the government did not enter into force budget items but only by 30% due to a lack of liquidity, confirming that the 70% will be transferred gradually over the next few days…

Read More: http://dinarupdates.com/blog/
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Backdoc - THIS PROCESS APPROACHES CONCLUSION BY THEIR WORDS …WITH 30% OF THE BUDGET OFFERED UP AND THE REMAINING TO BECOME LIQUIFIED IN “DAYS” AS THEY SAY!  WITH A LOI APPROACHING MATURITY, THE GREEN LIGHT WILL SOON BE HISTORY!
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Jester - HOW DO YOU EXPLAIN THAT THE SECRETARY OF THE TREASURY AND THE HOUSE MAJORITY LEADER SHOW UP IN IRAQ?  THEY HAVE NO OBVIOUS BUSINESS IN ANYTHING LIKE THAT WHICH YOU WOULD USUALLY EXPECT THE SEC OF STATE TO BE INVOLVED WITH…LEW IS THE HEAD OF THE UST… WHICH HAS CONTROL OF THE OIL CREDIT CONTRACTS… AND HE IS IN IRAQ WITH BOEHNER…HE IS THE ONE TRUSTED BY THE CHINESE TO GET THAT DONE… THAT BEING THE OIL CREDIT CONTRACTS...WELL ALL I CAN SAY IS HE [BOEHNER]  OBVIOUSLY HAD SOME REASON FOR BEING THERE… THEY DO NOT JUST UP AND DECIDE TO VISIT IRAQ FOR NO REASON I WOULD THINK…I AM HOPING TO SEE SOME EVIDENCE OF WHAT THEY WERE DOING THERE SOON… NOTHING WAS MENTIONED ABOUT WHY IN THE ARTICLES SAYING THEY WERE GOING… WHICH IN AND OF ITSELF I FIND A LITTLE ODD…USUALLY THERE IS SOME EXPLANATION OF THAT UP FRONT… THIS TIME… NOTHING…

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OPINION PIECE

I HAVE STATED MANY TIMES, I DIDN’T BELIEVE THERE WAS ANY DELAY IN THE MONETARY REFORM PROCESS AND THAT THE PLAN WAS ROLLING OUT METICULOUSLY, AS PER THEIR DESIGN…EVEN THOUGH IT APPEARED YEARS AGO, DR. SHABIBI WAS READY TO GO WITH THE REVALUATION OF THEIR CURRENCY, ONE MUST REALIZE, EVERYDAY NEW ISSUES ARISE, AND THE BEST LAID PLANS, OF MICE AND MEN, MUST BE ADJUSTED TO CONFORM TO THE ISSUES OF THE DAY!

THAT BEING SAID, WE HAVE BEEN GIVEN MANY INDICATORS ADDRESSING THE NEEDS OF MONEY, LIQUIDITY, AND THAT MANY ADVANCEMENTS HAVE BEEN MADE IN THE BANKING SECTOR…ELECTRONIC PROCESSING, E-GOVERNMENT PLAN, CUSTOMS AND TARIFFS, QI CARDS, SMART CARDS, NATIONAL DATA CARDS, MC AND VISA, RATION, AND MORE… (Sczin11)

Read More: http://dinarupdates.com/blog/
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tlm724 - Article:  “Today the launch of social protection salaries”   they are finally paying the people for the first 3 months of the year!”   Quote:  ”The preparation of this meal amounted to 439 thousand and 461 beneficiaries in Baghdad and the provinces.”  meal means the salary.   Quote:  “adding that the review of the receipt of the subsidy will be through banks and the offices of smart card to card“  that tells us the smart card system is running correctly this time!
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1279.452 1278.812
British pound GBP 1740.721 1739.851
Canadian dollar CAD 934.969 934.502
Swiss franc CHF 1222.222 1221.611
Swedish krona SEK 138.155 138.086
Norwegian krone NOK 148.764 148.690
Danish krone DKK 171.329 171.244
Japanese yen JPY 9.774 9.769
Special
Drawing Rights
SDR 1623.888 1623.076

Indicative rates – 31.03.2015

http://www.cbi.iq/

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Kaperoni - Article quote:  “the rise in the dollar’s exchange rate against the dinar “serve” Iraq, through the creation of the phrase “positive” variables such as the provision of new jobs and stimulate different working local production sectors, indicating that the low price is a “support” to the importer foreign national account.“   Looks to me like they are trying to create inflation through taxation so they can raise the value of the dinar.  We can hope.
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sczin11 - I AM VERY ENCOURAGED RIGHT NOW, AND AM CERTAIN THE IRAQI DINAR AT SOME TIME WILL BE ONE OF THE MOST POWERFUL IF NOT THE MOST POWERFUL CURRENCY IN THE WORLDANYONE THAT CAN CONTINUOUSLY STATE THERE IS NO CHANGE TODAY, AS COMPARED TO THE PAST, NEEDS TO TAKE A REALITY CHECK
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Abdul-Mahdi: our stock of oil will make us leaders of the country for centuries to come

Oil Minister Adel Abdul-Mahdi, Sunday, that Iraq’s oil would make him leading the country to the countries of the world for centuries to come, pointing to the country’s need to increase production and oil exports during the next phase.

said Abdul-Mahdi, in an article published in the local citizen, and I followed Agency / information / that “some think the illusion that the money has been spent in research and development and increase production and drilling more wells in the areas of oil and gas, is the effort is misplaced, because of the difficult economic conditions and the fight against” Daash. “…

Read More: http://dinarupdates.com/blog/
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Mnt Goat - The financial or political sectors are not now the major concern of the CBI and  Iraqi government in delaying the international rollout of their currency. It is now the security and the stabilization of the country that is the under laying factor.  When will it all end?   The government of Iraq itself has stated (I do not quote):  that it could be as late as early summer before Iraq gets rid of ISIS and DAASH. Early summer is sometime in mid June…right?  The good news is June is not really that far off but it could be 2-3 months before we see any chance of any real substantial movement at all in the value of the IQD currency.  This is not just my opinion but now seems to be the direction Iraq is now taking.
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Jester - [Have you got any updates from HP? (Guru Hocus Pocus)]  I HAVE TALKED TO HER A COUPLE TIMES THIS WEEKEND…WE GOT THE INFORMATION ON SATURDAY EARLY THAT THINGS SEEM TO BE RAMPING UP WITH THE INTERNAL COMMUNICATIONS AT THE STREET LEVEL IN IRAQ…I AM TOLD THAT IF SOMETHING SIGNIFICANT HAPPENS WE WILL KNOW…JUST FOR THE RECORD…THERE ARE NO SMART CARDS BEING USED…THERE HAS BEEN NO PAYOUTS THERE… I AM 99% SURE THE INFORMATION WE ARE GETTING IS ACCURATE BECAUSE I KNOW WHERE IT IS COMING FROM… HOWEVER… THINGS ARE CHANGING SOMEWHAT AND THERE SEEMS TO BE SOME URGENCY WITH THE LOCAL COMMUNICATIONS…SO HOPEFULLY THAT IS A GOOD SIGN… I KNOW THEY ARE LOOKING FORWARD TO THIS MORE THAN WE ARE.
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Aggiedad77  - Article:  “Jubouri meet with the heads of parliamentary committees to discuss ways to approve the pending laws“   Speaker Jubouri met with heads of Parliamentary committees today and I am reasonably sure the message was loud and clear…get the lead out…and get your laws out of committee and onto the Parliament floor…enough…delays….lets see some action…he doesn’t want to see things return to how they were with the former Parliament and he is trying to light some fires in appropriate places.
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Tune in for Round Table Chat w/Millionday… @ 2:00PM EST – today (3/30) in the DU Chat Room!!

Read More: http://www.dinarupdates.com/
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Millionday - Article quote:   ”The Speaker of the Parliament, Salim al-Jobouri, stressed the importance to exert more efforts by the parliamentary committees to accelerate in accomplishing important laws.“   [What laws do you think they are referring to?]   THE FINISHING OF THE HCL — PARTIES– FEDERAL COURT ACT –TRANSFER OF POWER TO PROVINCES AND AMENDMENTS TO THE BUDGET – THAT IS ON AGENDA WITH THE NATIONAL GUARD LAW AND ALSO SOME OF THE INVESTMENT LAWS HAVE NOT BEEN PUT TO LAW – ALL OF THESE LAWS WITH AGREEMENTS WILL ALL IMPACT EACH OTHER AND IMO HAVE TO BE DONE AND PUT TO LAW TOGETHER…THEY MET ON SECOND READING ON MOST AND THEY ARE WORKING TO MOVE FORWARD…

[Are they making HCL a law now and not just an agreement that can be broken?]    THE AGREEMENT IS BEING ADDRESSED REPORTEDLY BY THE UN AND MANY OFFICIALS BETWEEN ERBIL AND IRAQI FEDERAL — SO THE RESOLVE IN THE HCL HAS BEEN DONE IN FINANCIAL DUE TO THE BUDGET AND EXPANSION ETC — SO THERE ARE JUST PORTIONS THEY WANT CHANGED – NOT STARTING FROM GROUND ZERO AS WE SAW YEARS AGO.
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Speaker of U.S. House pays official visit to Iraq next Monday

Baghdad (AIN) - John A. Boehner, Speaker of the U.S. House will visit Baghdad on next Monday.

A statement by the Iraqi Speaker’s office received by Alforat News Agency cited “Speaker, Saleem al-Jobouri, will meet Boehner on next Monday afternoon.”

http://www.dinarupdates.com/showthread.php?15286-quot-The-Dinar-Daily-quot-Sunday-29-March-2015&p=102764&viewfull=1#post102764
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Aggiedad77 - SECURITY…SECURITY… SECURITY… SECURITY… we are at that crux of things that one thing is going to cause the gelling of so many other aspects of life for the Iraqis…and it is spelled…SECURITY.….no matter how you focus….no matter where you look…..no matter what you read…one thing sums it all up…SECURITY…But we’ve said that for months…what makes it different today…the difference is in the actions being taken…these are exciting times and they are proving through their actions they are in control…get ready for your world to be changed and rocked in a way that may seem unfathomable…wait for it…the BEST is yet to come.
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(Ignorant B.S. ALERT!!)

EXOGEN - WHAT IQD LAND DOES NOT REALIZE IS MANY PEOPLE ARE NOT GETTING PAID THEIR MONEY IN IRAQ LIKE YOU THINK!  THERE ARE PROTESTS IN IRAQ RIGHT NOW OVER PAST DUE SALARIES, YET BABYLON PUTS OUT OUT MANUFACTURED STORIES THAT LEAD IQD LAND THE BELIEVE KURDISTAN IS HAPPY…THE PROBLEM IS PEOPLE ONLY READ THE MANUFACTURED NEWS FROM BABYLON, AND THEY DO NOT LOOK AT KURDISTAN REGION…KURDISTAN IS STILL NOT HAPPY.   PROVINCES IN IRAQ ARE STILL NOT HAPPY.  MANY OF THE MANUFACTURED NEWS ARTICLES…ABOUT KURDISTAN RECEIVING BILLIONS IS 100% B.S.  AND THAT IS WHY THERE IS NO 100% FULLY ACTIVATED, IMPLEMENTED AND EXECUTED HCL.  THE HCL IS AGREED UPON, BUT NOT ACTIVATED, IMPLEMENTED AND EXECUTED AND UNTIL KURDISTAN IS MADE WHOLE…THERE WILL BE NO HCL!  
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Tlar - If this had been done in 2010 as Shabibi wanted to do, it would have come out at .86.   5 years later the conditions have changed. More currency reserves, a sizable amount of gold, more production, more oil reserves, less dinar, and less debt. The makings of a better stewHad it come out in 2010 as Shabibi wanted, it would have to have increased 3x…in order to reach its potential today, hardly likely with ISIS around.  I for one like the odds and am glad we are here instead of there. 
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1279.452 1278.812
British pound GBP 1740.721 1739.851
Canadian dollar CAD 934.969 934.502
Swiss franc CHF 1222.222 1221.611
Swedish krona SEK 138.155 138.086
Norwegian krone NOK 148.764 148.690
Danish krone DKK 171.329 171.244
Japanese yen JPY 9.774 9.769
Special
Drawing Rights
SDR 1623.888 1623.076

Indicative rates – 30.03.2015

http://www.cbi.iq/

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Chattels - my sense is that Abadi is in a bit of a trick bag – he has to decide between Iranian ground “support” or American air support since neither will work with the other at the same time and then politically and economically matters are not much better – small wonder there is no ” RV “.
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Poppy3 - [GCR=GLOBAL CURRENCY RESET?]  CHRISTENE LAGUARD HERSELF STATED TWICE IN NATIONAL NEWS INTERVIEWS THERE WILL BE NO GCR AND THAT IT IS NOT EVEN A TERM THEY HAVE EVER USED. PURE FICTION…SHE STATED THAT COUNTRIES THAT TRADE WITH A COUNTRY THAT HAS A SIGNIFICANT CHANGE IN CURRENCY MAY BE IMPACTED TO RAISE OR LOWER TO EVEN OUT TRADE IMPACT BUT THAT IS DONE ALL THE TIME.
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Bulldog75 - ITS MY BELIEF, AND IMHO, IN MY HUMBLE OPINION, ONE OF THE MAJOR REASONS WE HAVE NOT SEEN THE REVALUE/EXCHANGE OF NEW CURRENCY RATES IS, THIS IS ABOUT THE GCR OF THE PLANET WHICH INVOLVES THE NEW GOLD AND SILVER PRICES.   IMHO, WE SIMPLY HAVE TO TAKE THIS ONE DAY AT A TIME.  WE PROBABLY WILL SEE THE GCR WITH THE IQN/DONG ALL AT ONE TIME. THE ODDS ARE GOOD FOR NEXT WEEK… 
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Ki-moon visits Iraq next Monday

Baghdad (AIN) – The U.N. Secretary General Ban Ki Moon will pay an official visit on next Monday to discuss the Iraqi and regional situation, according to parliamentary press statement.

http://www.dinarupdates.com/showthread.php?15286-quot-The-Dinar-Daily-quot-Sunday-29-March-2015&p=102763&viewfull=1#post102763
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Poppy3 - WELL ANOTHER RIDICULOUS RUMOR TO HEAD OFF.   RECEIVING REPORT MANY ARE BEING TOLD BANKS WILL BE LIMITING CASH IN TO A MAXIMUM EXCHANGE OF 20 MILLION.   THIS…HAS NO, ZERO VALIDITY…  ONE MORE THING TO DEFUNK — Obama HAS ZERO TO DO WITH SLOWING DOWN OR HOLDING THIS UP.   
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Millionday - [do you think the economic crisis will end by the end of this quarter?]   THEY STATED THAT THE ECONOMIC CRISIS WOULD END WITHIN A FEW DAYS A DAY OR TWO AGO – VERY INTERESTING — I AM VERY INTERESTED IN THE CODING SYSTEM INFORMATION AND ECONOMIC CONFERENCE THIS WEEKEND — WE HAVE NO WAY OF KNOWING A DATE THOUGH –THE CODING SYSTEM IS IRONICALLY THE INTERNATIONAL INFORMATION ON MANY THINGS BUT IT DOES TELL THE COUNTRY`S LIQUIDITY TOO.   SO MANY YEARS OF PREPARATION ARE VERY COSTLY AND SHOWS MUCH MUCH MUCH DONE THAT HAD TO BE — NOW THE INFORMATION SYSTEM SET UP FOR PAYMENT SYSTEM AND REMITTANCE AND ALL DATA CONNECTED INTERNATIONALLY? — WE LOVE IT.
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Backdoc - THE REPRICING IS NOW UNDERWAY AND IF I’M SEEING THINGS CORRECTLY WE MAY BE ABOUT TO SEE TWO COUNTRIES COMPLETE THEIR BUDGETS AT THE SAME SYMBIOTIC TIME!  WITH ZEROS DROPPED AND ON THEIR WAY TO HEROS THIS LONG TRAIN RUNNING WILL EVENTUALLY COME INTO A STATION!!  TAXES, TARIFFS, AUCTIONS ENDED WITH THE NEW REMITTANCE SYSTEM IN PLACE…KURDS PAID AND FIST FIGHTING OVER THEIR FUTURE LEADERSHIP…SECURITY MASSIVELY IMPROVED…REMEMBER, THE CBI TOLD US IN MANY ARTICLES THAT SECURITY WOULD NOT HOLD UP MONETARY REFORM!  INFLATION WILL CONTINUE TO EAT THEIR LUNCH UNDER THESE CIRCUMSTANCES IF THEY DON’T MOVE FORWARD!   …I SEE MANY UNUSUAL THINGS BEGINNING TO DOVE TAIL!
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1279.452 1278.812
British pound GBP 1740.721 1739.851
Canadian dollar CAD 934.969 934.502
Swiss franc CHF 1222.222 1221.611
Swedish krona SEK 138.155 138.086
Norwegian krone NOK 148.764 148.690
Danish krone DKK 171.329 171.244
Japanese yen JPY 9.774 9.769
Special
Drawing Rights
SDR 1623.888 1623.076

Indicative rates – 29.03.2015

http://www.cbi.iq/

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My Ladies - THE BIS IS INTRODUCING A NEW SETTLEMENT SYSTEM. AND THE ARAB MONETARY FUND WILL BE MEETING WITH A REPRESENTATIVE FROM THE WORLD BANK WHO WILL BE EXPLAINING THE APPLICATION OF NEW INTERNATIONAL PRINCIPLES. THIS IS VERY BIG NEWS…AND…THE COUNCIL OF MINISTERS ANNOUNCED THEY APPROVE OF THE SUGGESTION FROM THE CENTRAL BANK TO LET THE PRIVATE BANKS HANDLE THE TAXES.  ON THURSDAY THE 26TH CAME THIS REPORT FROM BLOOMBERG. THIS ARTICLE IS SAYING CENTRAL BANKS IN THE HUGEST CURRENCY MARKETS WILL SEE NEW PRINCIPLES PUBLISHED ON MONDAY.  WELL WHAT DO WE THINK OF ALL THIS? WE THINK WE MAY BE IN A STATE OF EXPECTATION SOON. 

LET’S LOOK AT A BIT MORE, SECURITY IS THE MAIN CONCERN OF EVERYONE IN IRAQ, SO WHAT IS ON TODAYS AGENDA REGARDING SECURITY. HOW ABOUT THE UNITED NATIONS AND THE VATICAN?  Article:  “Conference for dialogue and peace in Baghdad tomorrow with the participation of delegations from the United Nations and the Vatican“  AND THE ENVOY FROM THE UNITED NATIONS BEGINS WORK TODAY IN IRAQ AND THEY ARE GOING TO PROMOTE NATIONAL RECONCILIATION.  AND NOW TAKE A LOOK AT PARLIAMENT PLEASE TODAY.  Article:  “House of Representatives vote on the Federal service law and end the reading of four bills“.  WELL CAN YOU GUESS WHAT ONE OF THE BILLS WAS? THIS IS VERY EXCITING, IRAQI FOREIGN LAW DOCUMENTS WERE READ TO ELIMINATE FOREIGN EXCHANGE CONTROLS AND LIFT ALL RESTRICTIONS BETWEEN THE COUNTRIES OF MEMBERS OF THE FREE TRADE AREA.

SO WHAT DOES ALL THIS MEAN.   I THINK IT MEANS THAT IRAQ IS RIGHT AT THE POINT OF ADOPTING A RATE FOR ITS CURRENCY.  WE LOOK AROUND AT ALL THE GLOBAL CHANGES TAKING PLACE AND WE SEE THE BIS TELLING ALL THE CENTRAL BANKS THE SAME THING, WE SEE IRAQ BEING INCLUDED IN THE CENTRAL BANK ARENA EVEN THOUGH THEY HAVE BEEN OUT OF THE LOOP FOR 10 YEARS.  NOVA AND I THOUGHT THE DINAR WOULD CHANGE FIRST AND COME OUT AS THE SUPPORT CURRENCY AND FROM THERE CAUSE MANY CHANGES IN GLOBAL CURRENCY BUT IT DOES LOOK LIKE WE MAY HAVE BEEN WRONG.  I THINK WE HAD IT BACKWARDS. FROM WHAT WE SEE AND WHAT WE READ IT SEEMS THAT THE GLOBAL BANKING SYSTEM IS CHANGING FOR SURE AND IT SEEMS LIKE IT’S CHANGING HERE AND NOW NOT LATER.  SO I THINK THAT AMID THE CHAOS WOULD BE A GOOD TIME FOR IRAQ TO RE PRICE AND I THINK THAT TIME IS UPON US. IN VIEW OF THIS WEEKS EVENTS IN AND OUT OF IRAQ I THINK WE CAN ENTERTAIN A LOW LEVEL OF EXPECTATION FOR A VERY CLOSE FINALE TO THIS INVESTMENT. I THINK WE HAD IT BACKWARDS. FROM WHAT WE SEE AND WHAT WE READ IT SEEMS THAT THE GLOBAL BANKING SYSTEM IS CHANGING FOR SURE AND IT SEEMS LIKE IT’S CHANGING HERE AND NOW NOT LATER.  SO I THINK THAT AMID THE CHAOS WOULD BE A GOOD TIME FOR IRAQ TO RE PRICE AND I THINK THAT TIME IS UPON US. IN VIEW OF THIS WEEKS EVENTS IN AND OUT OF IRAQ I THINK WE CAN ENTERTAIN A LOW LEVEL OF EXPECTATION FOR A VERY CLOSE FINALE TO THIS INVESTMENT.
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Poppy3 - [what are the odds in your opinion that the rv would happen before the end of the 1st quarter so all promises Abadi has made can be retroactive to January 1st. I understand that will not be the case if rv after 1st qtr ends?]   I KNOW FROM SOURCES HE IS DOING EVERYTHING WITHIN HIS POWER TO MAKE IT HAPPEN. I WILL ALSO REPEAT WHAT THE BEST IN THE KNOW SOURCE IN THE USA STATED — HE SAID THEY ARE IN THE FINAL STAGE OF FINANCIAL REFORM AND WILL NOT STOP TILL THEY GET THERE REGARDLESS OF ISIS, DAASH…ETC.  HE ALSO SAID ENDING A QUARTER OR HOLIDAY OR RELIGIOUS DAY ETC WILL NOT HAVE EFFECT…THAT WHEN THEY COMPLETE THEIR STEPS THEY WILL THAT DAY RELEASE THE RATE. PERIOD.  THAT SAYS IT ALL TO ME AND I AM ENCOURAGED AND VERY RELAXED THAT THE END IS NEAR TO US. HEARING THEY WILL NOT STOP TILL WE ARE PAID SOUNDS LIKE THE BEST NEWS WE COULD HEAR. NO NEED TO WASTE TIME TRYING TO FIGURE IF THIS OR THAT IS THE HOLDUP BECAUSE NO ONE THING IS AND ONLY THEY KNOW THE STEPS STILL NEEDED.
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Millionday - Article quote:  “Central banks in the world’s biggest currency markets will publish on Monday principles of behavior and ethics for foreign-exchange trading…“   ACCORDING TO THIS WE ARE GOING TO SEE NEW REGULATIONS FOR FOREIGN EXCHANGE – I EXPECTED SOME NEW REGULATIONS AND HAVE HEARD OTHERS BRING IT UP AS WELL – THIS IS VERY INTERESTING TO SAY THE LEAST –  VERY INTERESTING TO SEE THAT THE GOAL IS TO COMPLETE THIS BY THE END OF THIS MONTH.  Quote:  “The Wall Street Journal earlier reported that central banks had agreed on a set of guidelines for the currency market. It said that the principles would ban traders from sharing client identities and information and disclosing data that could allow someone to deduce that information.“    SO AS WE READ HERE — THEY HAVE AGREED ON REGULATIONS TO PROTECT THE INVESTOR…
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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.

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” – 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…

1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…

Read More: http://dinarupdates.com/blog/
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Bondlady - Article:  “Bakhtiar Titanic: Kurdish forces did not agree so far on a candidate for the presidency of Iraqi Kurdistan“  this is good because they really really want that HCL law, so much so that they broke into a fight over who will represent the Kurds as pm to get it done.   Barzani said let me continue so I can pressure Baghdad to do it, the others want no more terms, basic dictator if more than 2 terms and Barzani or his family have been in office  over 50 years.
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Millionday - Article quote:  “The national working to convene an international conference on Iraq, with the participation of a large number of countries, in order to promote a new strategy for the region and the development of international cooperation among the participating countries the conference.” THIS IS NOT JUST ABOUT THE MILITARY ACTION…THEY ALSO ARE GOING TO BE ADDRESSING THE ECONOMIC HUBS OUT OF THE CRISIS –  [COULD THIS BE PART OF THE  NATIONAL RECONCILIATION  MEETING?]   YES THIS COULD…  [what is that National reconciliation meeting?]   IT IS THE ADDRESS OF THE NATIONAL RECONCILIATION DOCUMENT AS IT WILL BE PRESENTED TO THE GLOBAL ENTITIES THAT ATTEND – IT IS A WRITTEN DOCUMENT OF THE NEW IRAQ AND THE SIGNATURES THAT HAVE BEEN GIVEN IN AGREEMENT FOR PEACE AND PLANS ACCORDING TO WHERE IRAQ`S FUTURE LIES.
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Kaperoni - Article quote:  “In the past, there was a difference between the two rates: the official price and the market price, but this difference was within the universally accepted standards, the 2% up, whereas the current difference is the 7% up to – 8%…“   This is a pretty good confirmation article of what they should be doing vs, what they really are doing and the fallout as a result.  No matter what the excuse, 8% or higher market rate spread is unacceptable and needs to be corrected soon.  Since they probably won’t be going to IMF Article VIII anytime soon (not in compliance) and Dr. Bakri implied in my interview that they will strengthen the dinar before Article VIII, hopefully they will use this time wisely and begin the process to correct the nominal exchange rate more in line with the dollar.  It’s always good to have confirmation that what we present and study is correct.  No matter if good or bad.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1276.770 1276.132
British pound GBP 1738.623 1737.753
Canadian dollar CAD 931.980 931.514
Swiss franc CHF 1218.264 1217.654
Swedish krona SEK 137.370 137.302
Norwegian krone NOK 148.575 148.500
Danish krone DKK 171.141 171.055
Japanese yen JPY 9.736 9.731
Special
Drawing Rights
SDR 1622.349 1621.538

Indicative rates – 27.03.2015

http://www.cbi.iq/

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tman23 - Article quote:   ”On Wednesday, UN economic advisor and special representative of the UN Secretary General for Iraq Ashraf Abdua’al visited Erbil, capital of the Kurdistan Region. During his visit he met with KRG Finance and Economy Minister Rebaz Hamlan to get an idea of the size of the problems facing the Kurdistan Region and discussed the impact of the shortfall on the region. According to an announcement by the ministry, Abdul’al told Hamlan that they are attempting to resolve the financial dispute between Erbil and Baghdad. Abdul’al said that in the coming days, they will discuss the situation the officials from the World Bank and International Monetary Fund (IMF), and set out the financial needs of the Kurdistan Region.“     THIS NEWS IS BIG WITH REGARDS TO MONETARY REFORM…WE HAVE NOT WITNESSED THE IMF OR WORLD BANK DEALING WITHIN THE KURD GOVERNMENT UNTIL NOW… YOU CAN’T HAVE $$ REFORM WITHOUT UPDATING AND EDUCATING THIS REGION WITH THE CHANGES TO BE IMPLEMENTED BY THE CBI AND NOW WE HAVE INK.
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Millionday - THE ENTIRE INTERNATIONAL CODING SYSTEM HAS BEEN REDONE AND IS BEING PRESENTED AND SHOWN TO ARAB REGION ON SATURDAY AND PARLIAMENT HAS THE HUGE LAWS ON THE TABLE THIS WEEKEND FOR SECOND [READING] – THAT PREPARES THEM FOR ACTIVATION THROUGH VOTE WHEN THEY ARE PREPARED.  THE SECOND READING OF MOST SHOULD BE SAT ACCORDING TO AGENDA — AND THEN WHENEVER THEY ARE PREPARED THEY WOULD VOTE THE NEXT MEETING.
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Kaperoni - Economist Report:   ”Proposal to raise zeros from the dinar Ala a paper“  “A. M. D. Jawad Kazem al-Bakri“  This…was published…June, 2011.  I have read his report over and over again…and find that this report is confirmation that the dinar will appreciate in value. Though his references imply a near 1 dinar to $1 example when buying goods, it does not say it would be achieved “overnight”, in fact he says through…a study and sound policy. Therefore I continue to believe the dinar will float up in value based on economic investment. This theory was further supported a few weeks ago when Dr. Salam Smeisim mentioned floating the dinar.

Reading these older articles can really get one excited when you see the current progress and how it relates to statements made in these older articles. I do believe we will begin to see change this year, but first we need some laws…I would like to see the new securities law, along with the economic laws and banking laws.  And finally, Dr. Bakri seems confident…that the plan discussed in his paper (which raises the value) will be implemented by the CBI when the conditions are right.  That seems to be coming soon since the announcement on March 3rd, 2015 giving the green light. 
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Abadi: We Will Liberate Every Inch of Iraq From Islamic State

Iraqi PM announces start of operation to free Salahaddin province

BAGHDAD - Iraqi Prime Minister Haidar al-Abadi, in his role as general commander of Iraqi forces, has announced the operation to liberate Salahaddin Province from Islamic State (IS) militants.

“What we have promised the people of Iraq before, now we will translate into action by liberating every inch of Iraqi land from IS militants, they will have no place in the country,” said Abadi in an a statement…

Read More: http://dinarupdates.com/blog/
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Shredd - Article:  “Appearance Saleh warns of deterioration of the dinar and rumors denied“  Saleh is basically saying to the people that things are under control, the central bank knows what it is doing, we have a plan and we need to control the exchange mechanism aka; “It’s all good, we got this”.
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Millionday - [Do you believe we are still waiting on any laws before an RV can happen?]  I DO BELIEVE THAT SOME OF THE COMMERCE LAWS AND INTERNATIONAL LAWS ARE NEEDED BUT THEY HAVE MADE IT SO CONFUSING WITH WHAT IS DONE AND WHAT IS BEING DONE OR EVEN WHAT IS IN A BASKET – ON THE SHELF OR UNDER THE BED THAT IT HAS BECOME VERY HARD TO FOLLOW THE ECONOMIC LAWS.  [ I thought we might hear the CBI say parliament needs to pass laws if they were needed?]  THEY HAVE NOT REPORTED SOME OF THE LAWS THAT ARE OBVIOUSLY DONE — AND STATE THAT THE ERBIL AGREEMENT IS ACTIVATED BUT SOME OF THE HCL IS STILL BEING AGREED UPON? — IT IS RIDICULOUS.
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Hub - …the rv will occur when Iraq moves to a world wide provider of products and services, eco 101, all the laws put the govt in place for security and protection, but until the economy opens to a free international market you wont see an rv.   Look at any other import export economy in the world and they have a valued, internationally traded currency. Look at any county with a worthless currency and you will see zip in the trade column…with out world trade no need for valued currency…they can law them selfs to death, but until the markets open, no need for a tradable currency.
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Parliamentary committee: Budget reason for the high dollar price in Iraq

Parliamentary Economic Commission considered, that the reason for the high dollar price in Iraq, is a paragraph financial budget for 2015, the central bank sales set at $ 75 million a day only, while the Committee emphasized the continuing rise in prices due to the absence of solutions.

Said committee member Rep. Nora Albjara told (Khandan) that “the rise of the dollar caused by the financial budget for 2015, which identified the central bank sales to $ 75 million a day,” she said, adding that he “is supposed to be not determine the central bank sales, but the budget has identified those Sales, for the purpose of reducing the corruption that exists auction to sell the currency. ”

She explained Albjara that “80% of central bank sales go remittances to countries abroad either for tourism or treatment,” asserting “continue rising dollar, the lack of development of mechanisms by the central bank, limit the price-gouging, and despite posting take action to reduce it,

…But we have not seen the application of those measures on the ground.”…

Read More: http://dinarupdates.com/blog/
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Millionday - Article quote:  “…economic Academic Dr. Majid Baidhani to accept a large audience of traders stock in the stock market on the acquisition of government bonds by the Ministry of Finance plans to launch soon.”   WE HAVE SEEN IN MANY REPORTS — BONDS BEING LAUNCHED SOON – THEY ARE REPORTING THEY ONLY NEED ONE MORE CREDIT RATING…THERE ARE THREE..Fitch, Moody’s and Standard & Poor’s” IS THE LAST OF THE THREE TO REPORT THE CREDIT RATING FOR IRAQ — THEY NEED THE THIRD AND ARE STATING HERE THAT THIS WILL ALLOW INVESTMENT COMPANIES AND ALSO ACCESS TO CAPITAL MARKETS — THAT IS CURRENCY MARKETS… THESE ARE GLOBAL/INTERNATIONAL BONDS — THEY REQUIRE THE MOVE TO A TRADABLE CURRENCY.   WHOOOPOW!
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sczin11 - I HAVE NEVER EVER THOUGHT THERE WAS A HOLD-UP, AND THE MORE WE SEE HAPPENING, THAT WE DIDNT EVEN KNOW ABOUT, THE MORE I AM CONVINCED, THEY KNOW EXACTLY WHAT THEY ARE DOING… REMEMBER, “WE DON’T KNOW, WHAT WE DON’T KNOW!”…WE THINK WE ARE THERE, AND A NEW LAW GETS BROUGHT TO THE TABLE…DOES THAT MEAN WE NEED THAT LAW…I BELIEVE NOTHING IS NEEDED FOR THE RAISING OF THE VALUE OF THE DINAR, AND THE MOVE TO THE INTERNATIONAL OPEN MARKET ECONOMY…IF INVESTMENT LAWS ARE NEEDED TO LURE INVESTORS, DOESN’T MEAN THEY CAN NOT COMPLETE MONITARY REFORM, AND LAWS TO FOLLOW…
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Adam Montana - Here we are…another Wednesday…and I know what most of you really want to know. You don’t care about the HCL, the GOI or the CBI…heck, I’m there with you. The question is simple: DO I GET THE CHA-CHING THIS WEEK OR NOT?!  Well, my friends…not YETI can only relay what I’m hearing and feeling based on my contacts, the conversations I have with them, and then also the news that we all have access to.  So, here goes.  There is not an HCL in place yet. Don’t start kicking things! I said “we don’t have an HCL” at this moment. It IS coming! This whole thing is coming to a head. It simply can NOT keep being delayed. Wheels are in motion, and the snowball is rolling  DOWNhill.
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Tlar - Iraqi leadership is not incompetent as they might seem at times.  They just have a monumental task in front of them…  Iraq will install Monetary change.  The delete the zero program will be activated this year and security will come to the country.  Those are the knowns What is left as always, is the when Iraq is very close as articles have told us.  How close?  That is the question.  The intel says we are very close but as always we wait.  We are coming on to the end of the first quarter by Tuesday of next week – March 31st.  It is at that time the CBI will make a strategic decision of whether to do it now or continue to wait. If they pass the 31st, they cannot go back.  In other words if the 31st comes and goes they have lost their opportunity to retroactively take this back to the first of January 2015 because the second quarter will have begun.  If they pass this opportunity it removes the pressure on the CBI in one respect.  The CBI under Shabibi always felt it would be best to do this at the beginning of a year.  It doesn’t change a thing though if they bypass this opportunity at this time.  Iraq is working hard and will change its monetary system as well as its economic system this year.  You have seen this in article after article.  So don’t get too discouraged and certainly don’t give up.  We are close.  I stand by the intel – over $3.00 and this year – maybe the end of this quarter.  
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Dinar Afternoon Drive Call!!

w/BGG – from Thurs 3/26

Click on the banner in the upper right corner

Smart phone user link – Click here

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Aggiedad77 - Article:  “Appearance Saleh warns of deterioration of the dinar and rumors denied“   I think it is important to recall PM Abadi’s background…very much heavy on the side of financial wisdom…the former head of the Financial Committee in Parliament I believe…you don’t see him dancing with the Finance Committee pointing fingers at the CBI…no he chooses to meet with the governor of the CBI and backs the belief that the CBI needs to be independent of the government…they have their own governance to stand on…proudly…Dr. Saleh has been there and wore that CBI t-shirt, he understands the role the CBI has in Iraq’s future…neither of these gentlemen are siding with the Finance Committee at this stage of their game….pay close attention to what both of them say and do…one is the spokes person for the other…the one has the clout in his hand to change things…what for change to evolve soon for Iraq…IMO.
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Poppy3 - there are laws that need passing but according to CBI the one’s pending to be put is action as law don’t effect the CBI giving the green light to turn the new RATE LOOSE.  ABADI’S GOI NEEDS CASH FLOW DESPERATELY, HE HAS MADE THAT VERY CLEAR AND THE NEW RATE IS THE ONLY WAY LEFT TO PROVIDE THOSE FUNDS. WE ARE LOOKING VERY GOOD AT THIS POINT.
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Frank26 - The governor of the CBI and PM Abadi are still talking…SECURITY is extremely important!  The SECURITY within the CBI…meaning the “laws”…there are like 1,500 or more…many will become active once the budget is opened.  Why isn’t the budget open? We don’t have a rate yet.  In the meantime, all of the math is being done on the CBI spreadsheet. The slate was cleaned…completely wiped clean mathematically. Are we going past March?  We don’t know but we don’t think so. We don’t know a date/rate.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1276.770 1276.132
British pound GBP 1738.623 1737.753
Canadian dollar CAD 931.980 931.514
Swiss franc CHF 1218.264 1217.654
Swedish krona SEK 137.370 137.302
Norwegian krone NOK 148.575 148.500
Danish krone DKK 171.141 171.055
Japanese yen JPY 9.736 9.731
Special
Drawing Rights
SDR 1622.349 1621.538

Indicative rates – 25.03.2015

http://www.cbi.iq/

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sczin11 - WE KNOW PROGRESS IS CONTINUING…I KNOW MR [MONETARY REFORM] IS IN PROCESS… I JUST AM NOT CERTAIN HOW OR WHERE WE WILL SEE IT FIRST…WHAT I DO KNOW, IT WONT BE IN AN ANNOUNCEMENT BEFORE IT HAPPENS… WE MUST ALL STOP AND REALIZE, ONCE AND FOR ALL…NO-ONE KNOWS DATE…AND IF THEY WANTED US TO KNOW, THEY HAVE HAD NUMEROUS OPPORTUNITIES TO DIVULGE…THEY HAVENT, AND WONT…YOU MUST REALIZE THAT THE CBI WILL SHOW THE RATE, THE FOREX WILL SHOW A BUY AND SELL PRICE, AND THE BANKS WILL ALL SHOW THE EXCHANGE RATES THEY ARE OFFERING, JUST LIKE THEY DO NOW FOR THE DONG, EURO, AND OTHERS…
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Kaperoni - Article:   Government agrees to accept the proposal of the central instruments of private banks to taxes and fees“  I remember back to early March when Allaq said he was giving the “green light” to delete the zeros…he said…”this process will be preceded by regulatory and administrative operations“ Sure looks to me like they are putting those procedures in place now. 
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Millionday - …the decline in oil prices to unprecedented levels form a major challenge for the government and ministries of the state in the implementation of its development, noting the current financial crisis will be gone within the next few days...“   THE ECONOMIC CRISIS — WILL BE GONE IN THE NEXT FEW DAYS!  NOW THAT WE LIKE.  THEY PLAN TO RESCUE THE NATIONAL ECONOMY AND NO OIL PRICE OR TERRORISM WILL STAND IN THE WAY OF THE PROGRAM FOR THE ECONOMIC RESCUE – WHOOOPOW.  [COULD THAT MEAN AN RV?]  THAT COULD INCLUDE THE ECONOMIC REALITY FOR THE MARKET ECONOMY THEY HAVE AS A GOAL… 
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Mr. Ammar al-Hakim calls for politicians to maturation of the political project

BAGHDAD / newspaper rectitude - called the head of the Islamic Supreme Council of Iraq Ammar al-Hakim, on Wednesday, all politicians to meet their responsibilities to mature political project.

Mr. Ammar al-Hakim said in a speech posted on the social networking site (Facebook) today, “I call on all politicians to meet their responsibilities and be convinced of the need to develop the political project to a mature project provides us a smooth transit for the next stage.”…

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

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tman23 - The Kurd delegation coming to Baghdad to “restructure the agreement”… Lets just say… the Kurds are not coming to renegotiate anything…The Kurds need 1.2 billion per month and this is NOTHING NEW…Kirkut is told they will begin receiving $2 per barrel starting April…and they are set to deliver 400k barrels per day…Kurds consider Kirkut part of their territory…Point here is...lots of confusion and with Mustafa in Baghdad for the Kurd region before the arrival of the delegation…Abadi and team best have the ultimate game plan and offer…Again all eyes should be on the Kurds.
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sczin11 - I AM MORE ENCOURAGED ABOUT THE FACT THAT ABADI MET WITH CBI GOVERNOR PRIVATELYFIRST TIME I EVER SAW SOMETHING LIKE THAT, THEN I AM ABOUT THE “TRANSLATIONS” OF WHAT WAS DISCUSSED…THE TRANSLATIONS CAN BE VERY AMBIGUOUS…BUT WHY PRIVATE MEETING AT ALL, AT THIS TIME? THAT IS EXCITING.
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Millionday - Article quote:  “Prime Minister “, received in his office today, Governor of the Central Bank on the Keywords,” noting that “During the meeting, they discussed the work of the central bank’s strategy for the coming period and the control of the Iraqi dinar exchange rate against currencies foreign.“  THIS IS A MEETING WITH ABADI AND CBI GOVERNOR.  ABADI IS STRESSING THE INDEPENDENCE OF CBI BUT IS STATING THAT THE ECONOMIC AND FINANCIAL REALITY AND ALL POLICIES NEED TO BE MOVED FORWARD TO REACH THEIR GOALS.
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Bankers Association criticized the statements of some politicians about the economy and invite them to “support the local economy.”

Long-Presse / Baghdad Criticized the Association of private banks in Iraq, on Wednesday, statements by some politicians about private banks, promised to contribute to the “erosion of trust” between depositors and banks, while inviting them to be a “degree of responsibility in supporting the local economy.”…

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

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Kaperoni - Article quotes:  “Iraqis Economists Association predicted, Iraq was able to overcome its financial crisis… ”…that the government, despite its preoccupation war and military operations against terrorist groups, but it has developed an economic program aimed at development and emerge from the current financial crisis.“    …there are several ways to overcome a financial crisis…such as the sale of bonds, increase in oil exports, price changes, etc.  …we know the solution is opening the market economy.  Clearly there is a plan and Abadi appears to be determined to make sure it succeeds.  Where exactly currency reform fits in that strategy is unknown…but it is required for a market economy to succeed so it is coming.  I personally do think that the meeting between Abadi and Allaq was important and what was discussed appears to be very private as in the past when such a meeting would occur, usually some staff accompanies.  Personally, I continue to believe laws must be passed before the CBI will make any moves and this ISIL war needs to be more under control. 
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Millionday - Article quote:  “A statement by the Arab Monetary Fund, seen by the “morning” will participate in the meeting of the World Bank representative…it is scheduled to attend the President of the Board of Directors overseeing the coding system Consolidated global legal related Council financial stability, which will give a presentation about the new coding system and its impact on payment and settlement systems.”  THE MEETING THEY ARE TALKING ABOUT IS HUGE AND IS ABOUT THE IMPLEMENTATION OF A NEW SYSTEM IN THE INFRASTRUCTURE FOR CAPITAL MARKETS AND THIS IS ISSUED BY BIS (BANK OF INTERNATIONAL SETTLEMENTS).  THIS INTERNATIONAL CODING SYSTEM WILL BE PRESENTED TO SHOW HOW IT WILL BE IMPLEMENTED AND ALSO ITS IMPACT ON THE ARAB REGION.

THIS WILL CHANGE THE WAY THAT ECONOMIC DATA IS DONE WITH FINANCIAL IMPACT A NEW CODING SYSTEM.  I THINK THAT THE REFORMS MAY HAVE BEEN RELIANT ON THE NEW SYSTEM AS IT WOULD NOT BE SMART TO ACTIVATE THE OLD SYSTEM WHEN THE NEW SYSTEM WAS ABOUT DONE — SO LOOKS LIKE THIS WAS IMPORTANT TO BE DONE BEFORE IRAQ ECONOMIC REFORMS OR EVEN COUNTRY REFORMS. 
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sczin11 - WHAT MANY DO NOT UNDERSTAND, IS THAT THE RAISING OF THE VALUE OF THE DINAR, AGAINST INTERNATIONAL CURRENCIES, THE PAIRING IF YOU WILL, HAS LITTLE DIRECT EFFECT ON THE IN COUNTRY CITIZENS…FOR EXCHANGE PURPOSES…THE CITIZENS WILL REAP THE BENEFITS, WHEN THE COSTS OF THEIR GOODS PURCHASED ARE REDUCED, AS A RESULT OF LARGER PURCHASING POWER BY THE IMPORTERS…
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Gen. Petraeus: Biggest threat to Iraq’s stability is Iran-backed militias, not ISIS


Former CIA director and retired Gen. David Petraeus says the biggest threat to long-term stability in Iraq isn’t the Islamic State — but instead, Iran-backed Shiite militias.“What has happened in Iraq is a tragedy — for the Iraqi people, for the region and for the entire world. It is tragic foremost because it didn’t have to turn out this way,” Petraeus told The Washington Post. “The hard-earned progress of the surge was sustained for over three years. What transpired after that, starting in late 2011, came about as a result of mistakes and misjudgments whose consequences were predictable.”…

 

Read More: http://dinarupdates.com/blog/
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Parliamentary Finance hosts the Governor of the Central Bank and looking him Cancel zeros from currency

[Baghdad-where] Parliamentary Finance Committee discussed on Monday with the central bank governor Ali Mohsen Keywords Cancel zeros from the currency.

Correspondent agency all of Iraq [where] that “the parliamentary Finance hosted a morning on the Keywords to discuss the issue of the Iraqi dinar and the abolition of zeros from the currency, as well as discuss the charges on the Director-General of the Iraqi Commercial Bank Hamdiya dry.”…

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

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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