THE DINAR OBSERVER DAILY Nov 24th

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*** Current Posts ***

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Poppy3 - THEY HAVE NOW ALL CALLED FOR THE MOVE TO MARKET ECONOMY.  THEY HAVE NOW TO MOVE QUICKLY AS THEY NOW HAVE ALL LEADERS IN AGREEMENT TO MAKE THE MOVE. THEY HAVE ALL STATED THAT IS THE NEXT MOVE.
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Tune in for our Round Table Chat w/Millionday @ 1:00PM EST – today (11/24) in the DU Chat Room!!

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

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Millionday - Economic Adviser to the Prime Minister announced the appearance of Mohammed Saleh, that the government is bound to activate all economic laws adopted earlier and did not apply so far, including customs tariffs and consumer protection and the protection of the national product laws.“  THIS IS A VERY IMPORTANT ANNOUNCEMENT BY SALEH AND WHERE IRAQI GOV IS ECONOMICALLY.  UNDERSTAND THAT ALL LAWS ARE DEPENDENT ON EACH OTHER OR THEY MAKE NO SENSE.   SALEH IS ANNOUNCING THAT THE GOV IS ACTIVATING ALL ECONOMIC LAWS TO ADVANCE.
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Adam Montana - The rate.  If it comes out at a dollar or higher, I am 100% OUT. Some people may wait for it to rise, and I do think that eventually it will hit $3+…  If it comes out around a dime, like I believe it will, then my strategy will depend on the cash in window. I believe it will be no less than 90 days, and up to two years. But there’s another variable as well – will it be pegged or will it float based on the market?   I can see valid reasons for doing either of those…  Another thing to consider – the stability of the country at that time, and how the world reacts to it.
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BGG ~ Poppy and I will be doing a call later this evening – probably around 8:30pm…

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Backdoc - OIL,OIL,OIL!!  THAT’S WHY HCL MUST BE PASSED AS THEY SAY QUICKLY…WITH IRAQS’ OIL PRODUCTION PLANNED TO DOUBLE SOON, BECOMING THE WORLDS #1 CURRENCY IS ONLY A TIME ISSUE! 
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tlm724 - Article:  “Economists call for the restructuring of state-owned banks to provide performance equivalent to the opening of the Iraqi market“  Quote:  “restructuring of banks in proportion to the global development of the global banks and keep up with economic openness with the countries of the world“  this project will be submitted to the Presidency of the Parliament in the next few days for discussion and voting on it…to upgrade the Iraqi banking system through the support of the banking sector legislation of laws.   this legislation will be the catalyst for change in the banking system as well as the foreign exchange regime, Iraq is setting the stage to go into article VIII of the IMF…*hallelujah*…Banking laws are lining up.
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BGG - Al-Shammari…stressed the need to instruct government departments and institutions that deal in Iraqi dinars, to help raise its value against the US dollar, which assigns the Iraqi national economy…“  Al-Shammari sounds like he is after both the Dinar to be “the currency” and it to raise in value.  [do think with all this going they may have go into 2015 for rv reform to get everything done and in order?]  I do not – it does not HAVE to go into 2015…in fact, slim chance of as much – or at least very far into 2015.
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Aggiedad77 - …we continue to see more evidence of PM Abadi’s desire to do the right thing…his recent appointment of Dr. Saleh as a personal consultant I think shows his faith in the former CBI official…Abadi continues to show the people of Iraq and the world that his intentions are to build an Iraq that is based on honesty and integrity…cutting corruption, terrorism, and excessive spending…..putting Iraq and its government on a “diet” a reduction not in calories but in the amount of money it has been spending frivolously in the past 8 years.  The gold inlayed desks and crystal chandeliers are a thing of the past I think…it’s time to be frugal with how money is spent and work on holding everyone, everyone accountable for their budgets…and let that accountability start with their upcoming 2015 budget. 
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BGG - I did have it reported to me over the last couple of days - on Iraq TV MP’s are talking openly about “encouraging” the CBI to start the “project to delete the zero’s” immediately…somewhat “rumor-ish” – but based on who and where it comes from – I’m fairly confident it’s good info.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

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

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

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

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

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home7

Iraqi Dinar/Dollar auction 11-23-14

Currency Auctions Announcement No. (2824)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               191,837,000
Total offers for buying (US$)                           191,837,000

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

MARKET RATE – 1201!!!

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

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

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

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

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

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home7

Iraqi Dinar/Dollar auction 11-22-14

Currency Auctions Announcement No. (2823)

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

The results were as follows:

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

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

MARKET RATE – 1201!!!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Iraqi Finance Minister Hoshyar Zebari.

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

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

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

Iraqi Dinar/Dollar auction 11-20-14

Currency Auctions Announcement No. (2822)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               205,645,000
Total offers for buying (US$)                           205,645,000

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

MARKET RATE – 1201!!!

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

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

Commercial Solicitation

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

for Nov 20th was postponed…

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

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

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

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

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

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

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

News w/BGG – from Nov 18th

Click-n-listen

Smart phone user link – Click here

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

Iraqi Dinar/Dollar auction 11-19-14

Currency Auctions Announcement No. (2821)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               238,219,000
Total offers for buying (US$)                           238,219,000

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

MARKET RATE – 1201!!!

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

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

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

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

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

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home7

Iraqi Dinar/Dollar auction 11-18-14

Currency Auctions Announcement No. (2820)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               192,979,000
Total offers for buying (US$)                           192,979,000

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

MARKET RATE – 1201!!!

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

Iraqi Dinar/Dollar auction 11-17-14

Currency Auctions Announcement No. (2819)

This daily currency auction was held in the Central Bank of Iraq on the 17-Nov-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               227,320,000
Total offers for buying (US$)                           227,320,000

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

MARKET RATE – 1201!!!

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

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

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

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

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

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

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

Commercial Solicitation

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

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

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

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

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

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

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

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

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

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

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

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

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

Iraqi Dinar/Dollar auction 11-16-14

Currency Auctions Announcement No. (2818)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                16
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               186,320,000
Total offers for buying (US$)                           186,320,000

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

MARKET RATE – 1202!!!

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

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

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

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

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

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

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

Iraqi Dinar/Dollar auction 11-15-14

Currency Auctions Announcement No. (2817)

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

The results were as follows:

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

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

MARKET RATE – 1202!!!

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

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

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

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

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

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

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

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

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

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

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

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

it will be LIVE dial in

not a Click-n-Listen

760-569-7676 pin#398647

DINAR Talk INFO Call

w/BGG - from Nov 13th

Recorded - Smart phone user link – Click here

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

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

w/BGG – from Nov 13th

Click-n-listen

Smart phone user link – Click here

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

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

Commercial Solicitation

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

Iraqi Dinar/Dollar auction 11-13-14

Currency Auctions Announcement No. (2816)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                18
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               173,983,000
Total offers for buying (US$)                           173,983,000

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

MARKET RATE – 1201!!!

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

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

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

Iraqi Dinar/Dollar auction 11-12-14

Currency Auctions Announcement No. (2815)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               208,930,000
Total offers for buying (US$)                           208,930,000

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

MARKET RATE – 1199!!!

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

w/BGG – from Nov 11th

Click-n-listen

Smart phone user link – Click here

Quicktolegit96: sassy, best call yet!!

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

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

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

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

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

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

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

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

Iraqi Dinar/Dollar auction 11-11-14

Currency Auctions Announcement No. (2814)

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

The results were as follows:

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

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

MARKET RATE – 1199!!!

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

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

Commercial Solicitation

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

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

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

BGG ~ Two things immediately come to mind -

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

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

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

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

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

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

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

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

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

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

Iraqi Dinar/Dollar auction 11-10-14

Currency Auctions Announcement No. (2813)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               197,622,000
Total offers for buying (US$)                           197,622,000

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

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

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

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

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

Iraqi Dinar/Dollar auction 11-09-14

Currency Auctions Announcement No. (2812)

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

The results were as follows:

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

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

Market Rate. 1199 !!!

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

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

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

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

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

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

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

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

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

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

Breathe,

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

Do not let your emotions get to you.

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

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

Iraqi Dinar/Dollar auction 11-08-14

Currency Auctions Announcement No. (2811)

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

The results were as follows:

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

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

Market Rate. 1199 !!!

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

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

Commercial Solicitation

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

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The private sector contributes to increase the value of the dinar

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Commercial Solicitation

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

w/BGG & Poppy – Nov 5th

Click-n-listen

Smart phone user link – Click here

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

Iraqi Dinar/Dollar auction 11-06-14

Currency Auctions Announcement No. (2810)

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

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                175,643,000
Total offers for buying (US$)                            175,643,000

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

MARKET RATE Nov 5 – 1202!!!

MARKET RATE Nov 6 – 1198!!!

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

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

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

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

Iraqi Dinar/Dollar auction 11-05-14

Currency Auctions Announcement No. (2809)

This daily currency auction was held in the Central Bank of Iraq on the 05-Nov-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 20
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                264,134,000
Total offers for buying (US$)                            264,134,000

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

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

Iraqi Dinar/Dollar auction 11-04-14

Currency Auctions Announcement No. (2808)

This daily currency auction was held in the Central Bank of Iraq on the 04-Nov-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 16
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                172,187,000
Total offers for buying (US$)                            172,187,000

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

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

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

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

(tomorrow – hopefully)

Oct 31st - Smart phone user link – Click here

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

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Coins put on the market!!

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

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

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

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

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

Commercial Solicitation

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

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

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

The Exchange Rate of Foreign Currency in Economic Feasibility Studies 

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

Estimate the shadow price of foreign currency:…

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

Read More: http://dinarupdates.com/blog/
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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