THE DINAR OBSERVER DAILY Mar 28th

A very special thanks to all our members, MODS, VIP’s, Copy Cats and great researchers at

www.DinarUpdates.com

______________________________________________________________

Send us your info and posts – we’ll put them up!!!

send info to  dinarupdates@comcast.net

and be sure to save THE OBSERVER to your favorites. We update numerous times daily!!

31 Million views and counting!!

______________________________________________________________

Follow us on twitter @DinarUpdates !!

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Millionday - [do you think the economic crisis will end by the end of this quarter?]   THEY STATED THAT THE ECONOMIC CRISIS WOULD END WITHIN A FEW DAYS A DAY OR TWO AGO – VERY INTERESTING — I AM VERY INTERESTED IN THE CODING SYSTEM INFORMATION AND ECONOMIC CONFERENCE THIS WEEKEND — WE HAVE NO WAY OF KNOWING A DATE THOUGH –THE CODING SYSTEM IS IRONICALLY THE INTERNATIONAL INFORMATION ON MANY THINGS BUT IT DOES TELL THE COUNTRY`S LIQUIDITY TOO.   SO MANY YEARS OF PREPARATION ARE VERY COSTLY AND SHOWS MUCH MUCH MUCH DONE THAT HAD TO BE — NOW THE INFORMATION SYSTEM SET UP FOR PAYMENT SYSTEM AND REMITTANCE AND ALL DATA CONNECTED INTERNATIONALLY? — WE LOVE IT.
______________________________________________________________

Backdoc - THE REPRICING IS NOW UNDERWAY AND IF I’M SEEING THINGS CORRECTLY WE MAY BE ABOUT TO SEE TWO COUNTRIES COMPLETE THEIR BUDGETS AT THE SAME SYMBIOTIC TIME!  WITH ZEROS DROPPED AND ON THEIR WAY TO HEROS THIS LONG TRAIN RUNNING WILL EVENTUALLY COME INTO A STATION!!  TAXES, TARIFFS, AUCTIONS ENDED WITH THE NEW REMITTANCE SYSTEM IN PLACE…KURDS PAID AND FIST FIGHTING OVER THEIR FUTURE LEADERSHIP…SECURITY MASSIVELY IMPROVED…REMEMBER, THE CBI TOLD US IN MANY ARTICLES THAT SECURITY WOULD NOT HOLD UP MONETARY REFORM!  INFLATION WILL CONTINUE TO EAT THEIR LUNCH UNDER THESE CIRCUMSTANCES IF THEY DON’T MOVE FORWARD!   …I SEE MANY UNUSUAL THINGS BEGINNING TO DOVE TAIL!
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com - save as favorite!
______________________________________________________________

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

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

SO WHAT DOES ALL THIS MEAN.   I THINK IT MEANS THAT IRAQ IS RIGHT AT THE POINT OF ADOPTING A RATE FOR ITS CURRENCY.  WE LOOK AROUND AT ALL THE GLOBAL CHANGES TAKING PLACE AND WE SEE THE BIS TELLING ALL THE CENTRAL BANKS THE SAME THING, WE SEE IRAQ BEING INCLUDED IN THE CENTRAL BANK ARENA EVEN THOUGH THEY HAVE BEEN OUT OF THE LOOP FOR 10 YEARS.  NOVA AND I THOUGHT THE DINAR WOULD CHANGE FIRST AND COME OUT AS THE SUPPORT CURRENCY AND FROM THERE CAUSE MANY CHANGES IN GLOBAL CURRENCY BUT IT DOES LOOK LIKE WE MAY HAVE BEEN WRONG.  I THINK WE HAD IT BACKWARDS. FROM WHAT WE SEE AND WHAT WE READ IT SEEMS THAT THE GLOBAL BANKING SYSTEM IS CHANGING FOR SURE AND IT SEEMS LIKE IT’S CHANGING HERE AND NOW NOT LATER.  SO I THINK THAT AMID THE CHAOS WOULD BE A GOOD TIME FOR IRAQ TO RE PRICE AND I THINK THAT TIME IS UPON US. IN VIEW OF THIS WEEKS EVENTS IN AND OUT OF IRAQ I THINK WE CAN ENTERTAIN A LOW LEVEL OF EXPECTATION FOR A VERY CLOSE FINALE TO THIS INVESTMENT. I THINK WE HAD IT BACKWARDS. FROM WHAT WE SEE AND WHAT WE READ IT SEEMS THAT THE GLOBAL BANKING SYSTEM IS CHANGING FOR SURE AND IT SEEMS LIKE IT’S CHANGING HERE AND NOW NOT LATER.  SO I THINK THAT AMID THE CHAOS WOULD BE A GOOD TIME FOR IRAQ TO RE PRICE AND I THINK THAT TIME IS UPON US. IN VIEW OF THIS WEEKS EVENTS IN AND OUT OF IRAQ I THINK WE CAN ENTERTAIN A LOW LEVEL OF EXPECTATION FOR A VERY CLOSE FINALE TO THIS INVESTMENT.
______________________________________________________________

Poppy3 - [what are the odds in your opinion that the rv would happen before the end of the 1st quarter so all promises Abadi has made can be retroactive to January 1st. I understand that will not be the case if rv after 1st qtr ends?]   I KNOW FROM SOURCES HE IS DOING EVERYTHING WITHIN HIS POWER TO MAKE IT HAPPEN. I WILL ALSO REPEAT WHAT THE BEST IN THE KNOW SOURCE IN THE USA STATED — HE SAID THEY ARE IN THE FINAL STAGE OF FINANCIAL REFORM AND WILL NOT STOP TILL THEY GET THERE REGARDLESS OF ISIS, DAASH…ETC.  HE ALSO SAID ENDING A QUARTER OR HOLIDAY OR RELIGIOUS DAY ETC WILL NOT HAVE EFFECT…THAT WHEN THEY COMPLETE THEIR STEPS THEY WILL THAT DAY RELEASE THE RATE. PERIOD.  THAT SAYS IT ALL TO ME AND I AM ENCOURAGED AND VERY RELAXED THAT THE END IS NEAR TO US. HEARING THEY WILL NOT STOP TILL WE ARE PAID SOUNDS LIKE THE BEST NEWS WE COULD HEAR. NO NEED TO WASTE TIME TRYING TO FIGURE IF THIS OR THAT IS THE HOLDUP BECAUSE NO ONE THING IS AND ONLY THEY KNOW THE STEPS STILL NEEDED.
______________________________________________________________

Millionday - Article quote:  “Central banks in the world’s biggest currency markets will publish on Monday principles of behavior and ethics for foreign-exchange trading…“   ACCORDING TO THIS WE ARE GOING TO SEE NEW REGULATIONS FOR FOREIGN EXCHANGE – I EXPECTED SOME NEW REGULATIONS AND HAVE HEARD OTHERS BRING IT UP AS WELL – THIS IS VERY INTERESTING TO SAY THE LEAST –  VERY INTERESTING TO SEE THAT THE GOAL IS TO COMPLETE THIS BY THE END OF THIS MONTH.  Quote:  “The Wall Street Journal earlier reported that central banks had agreed on a set of guidelines for the currency market. It said that the principles would ban traders from sharing client identities and information and disclosing data that could allow someone to deduce that information.“    SO AS WE READ HERE — THEY HAVE AGREED ON REGULATIONS TO PROTECT THE INVESTOR…
______________________________________________________________

THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

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

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

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

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

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

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

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

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

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

Bondlady - Article:  “Bakhtiar Titanic: Kurdish forces did not agree so far on a candidate for the presidency of Iraqi Kurdistan“  this is good because they really really want that HCL law, so much so that they broke into a fight over who will represent the Kurds as pm to get it done.   Barzani said let me continue so I can pressure Baghdad to do it, the others want no more terms, basic dictator if more than 2 terms and Barzani or his family have been in office  over 50 years.
______________________________________________________________

Millionday - Article quote:  “The national working to convene an international conference on Iraq, with the participation of a large number of countries, in order to promote a new strategy for the region and the development of international cooperation among the participating countries the conference.” THIS IS NOT JUST ABOUT THE MILITARY ACTION…THEY ALSO ARE GOING TO BE ADDRESSING THE ECONOMIC HUBS OUT OF THE CRISIS –  [COULD THIS BE PART OF THE  NATIONAL RECONCILIATION  MEETING?]   YES THIS COULD…  [what is that National reconciliation meeting?]   IT IS THE ADDRESS OF THE NATIONAL RECONCILIATION DOCUMENT AS IT WILL BE PRESENTED TO THE GLOBAL ENTITIES THAT ATTEND – IT IS A WRITTEN DOCUMENT OF THE NEW IRAQ AND THE SIGNATURES THAT HAVE BEEN GIVEN IN AGREEMENT FOR PEACE AND PLANS ACCORDING TO WHERE IRAQ`S FUTURE LIES.
______________________________________________________________

Kaperoni - Article quote:  “In the past, there was a difference between the two rates: the official price and the market price, but this difference was within the universally accepted standards, the 2% up, whereas the current difference is the 7% up to – 8%…“   This is a pretty good confirmation article of what they should be doing vs, what they really are doing and the fallout as a result.  No matter what the excuse, 8% or higher market rate spread is unacceptable and needs to be corrected soon.  Since they probably won’t be going to IMF Article VIII anytime soon (not in compliance) and Dr. Bakri implied in my interview that they will strengthen the dinar before Article VIII, hopefully they will use this time wisely and begin the process to correct the nominal exchange rate more in line with the dollar.  It’s always good to have confirmation that what we present and study is correct.  No matter if good or bad.
______________________________________________________________

CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

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

Indicative rates – 27.03.2015

http://www.cbi.iq/

______________________________________________________________

tman23 - Article quote:   ”On Wednesday, UN economic advisor and special representative of the UN Secretary General for Iraq Ashraf Abdua’al visited Erbil, capital of the Kurdistan Region. During his visit he met with KRG Finance and Economy Minister Rebaz Hamlan to get an idea of the size of the problems facing the Kurdistan Region and discussed the impact of the shortfall on the region. According to an announcement by the ministry, Abdul’al told Hamlan that they are attempting to resolve the financial dispute between Erbil and Baghdad. Abdul’al said that in the coming days, they will discuss the situation the officials from the World Bank and International Monetary Fund (IMF), and set out the financial needs of the Kurdistan Region.“     THIS NEWS IS BIG WITH REGARDS TO MONETARY REFORM…WE HAVE NOT WITNESSED THE IMF OR WORLD BANK DEALING WITHIN THE KURD GOVERNMENT UNTIL NOW… YOU CAN’T HAVE $$ REFORM WITHOUT UPDATING AND EDUCATING THIS REGION WITH THE CHANGES TO BE IMPLEMENTED BY THE CBI AND NOW WE HAVE INK.
______________________________________________________________

Millionday - THE ENTIRE INTERNATIONAL CODING SYSTEM HAS BEEN REDONE AND IS BEING PRESENTED AND SHOWN TO ARAB REGION ON SATURDAY AND PARLIAMENT HAS THE HUGE LAWS ON THE TABLE THIS WEEKEND FOR SECOND [READING] – THAT PREPARES THEM FOR ACTIVATION THROUGH VOTE WHEN THEY ARE PREPARED.  THE SECOND READING OF MOST SHOULD BE SAT ACCORDING TO AGENDA — AND THEN WHENEVER THEY ARE PREPARED THEY WOULD VOTE THE NEXT MEETING.
______________________________________________________________

Kaperoni - Economist Report:   ”Proposal to raise zeros from the dinar Ala a paper“  “A. M. D. Jawad Kazem al-Bakri“  This…was published…June, 2011.  I have read his report over and over again…and find that this report is confirmation that the dinar will appreciate in value. Though his references imply a near 1 dinar to $1 example when buying goods, it does not say it would be achieved “overnight”, in fact he says through…a study and sound policy. Therefore I continue to believe the dinar will float up in value based on economic investment. This theory was further supported a few weeks ago when Dr. Salam Smeisim mentioned floating the dinar.

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

Abadi: We Will Liberate Every Inch of Iraq From Islamic State

Iraqi PM announces start of operation to free Salahaddin province

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

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

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

Shredd - Article:  “Appearance Saleh warns of deterioration of the dinar and rumors denied“  Saleh is basically saying to the people that things are under control, the central bank knows what it is doing, we have a plan and we need to control the exchange mechanism aka; “It’s all good, we got this”.
______________________________________________________________

Millionday - [Do you believe we are still waiting on any laws before an RV can happen?]  I DO BELIEVE THAT SOME OF THE COMMERCE LAWS AND INTERNATIONAL LAWS ARE NEEDED BUT THEY HAVE MADE IT SO CONFUSING WITH WHAT IS DONE AND WHAT IS BEING DONE OR EVEN WHAT IS IN A BASKET – ON THE SHELF OR UNDER THE BED THAT IT HAS BECOME VERY HARD TO FOLLOW THE ECONOMIC LAWS.  [ I thought we might hear the CBI say parliament needs to pass laws if they were needed?]  THEY HAVE NOT REPORTED SOME OF THE LAWS THAT ARE OBVIOUSLY DONE — AND STATE THAT THE ERBIL AGREEMENT IS ACTIVATED BUT SOME OF THE HCL IS STILL BEING AGREED UPON? — IT IS RIDICULOUS.
______________________________________________________________

Hub - …the rv will occur when Iraq moves to a world wide provider of products and services, eco 101, all the laws put the govt in place for security and protection, but until the economy opens to a free international market you wont see an rv.   Look at any other import export economy in the world and they have a valued, internationally traded currency. Look at any county with a worthless currency and you will see zip in the trade column…with out world trade no need for valued currency…they can law them selfs to death, but until the markets open, no need for a tradable currency.
______________________________________________________________

Parliamentary committee: Budget reason for the high dollar price in Iraq

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

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

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

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

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

Millionday - Article quote:  “…economic Academic Dr. Majid Baidhani to accept a large audience of traders stock in the stock market on the acquisition of government bonds by the Ministry of Finance plans to launch soon.”   WE HAVE SEEN IN MANY REPORTS — BONDS BEING LAUNCHED SOON – THEY ARE REPORTING THEY ONLY NEED ONE MORE CREDIT RATING…THERE ARE THREE..Fitch, Moody’s and Standard & Poor’s” IS THE LAST OF THE THREE TO REPORT THE CREDIT RATING FOR IRAQ — THEY NEED THE THIRD AND ARE STATING HERE THAT THIS WILL ALLOW INVESTMENT COMPANIES AND ALSO ACCESS TO CAPITAL MARKETS — THAT IS CURRENCY MARKETS… THESE ARE GLOBAL/INTERNATIONAL BONDS — THEY REQUIRE THE MOVE TO A TRADABLE CURRENCY.   WHOOOPOW!
______________________________________________________________

sczin11 - I HAVE NEVER EVER THOUGHT THERE WAS A HOLD-UP, AND THE MORE WE SEE HAPPENING, THAT WE DIDNT EVEN KNOW ABOUT, THE MORE I AM CONVINCED, THEY KNOW EXACTLY WHAT THEY ARE DOING… REMEMBER, “WE DON’T KNOW, WHAT WE DON’T KNOW!”…WE THINK WE ARE THERE, AND A NEW LAW GETS BROUGHT TO THE TABLE…DOES THAT MEAN WE NEED THAT LAW…I BELIEVE NOTHING IS NEEDED FOR THE RAISING OF THE VALUE OF THE DINAR, AND THE MOVE TO THE INTERNATIONAL OPEN MARKET ECONOMY…IF INVESTMENT LAWS ARE NEEDED TO LURE INVESTORS, DOESN’T MEAN THEY CAN NOT COMPLETE MONITARY REFORM, AND LAWS TO FOLLOW…
______________________________________________________________

Adam Montana - Here we are…another Wednesday…and I know what most of you really want to know. You don’t care about the HCL, the GOI or the CBI…heck, I’m there with you. The question is simple: DO I GET THE CHA-CHING THIS WEEK OR NOT?!  Well, my friends…not YETI can only relay what I’m hearing and feeling based on my contacts, the conversations I have with them, and then also the news that we all have access to.  So, here goes.  There is not an HCL in place yet. Don’t start kicking things! I said “we don’t have an HCL” at this moment. It IS coming! This whole thing is coming to a head. It simply can NOT keep being delayed. Wheels are in motion, and the snowball is rolling  DOWNhill.
______________________________________________________________

Tlar - Iraqi leadership is not incompetent as they might seem at times.  They just have a monumental task in front of them…  Iraq will install Monetary change.  The delete the zero program will be activated this year and security will come to the country.  Those are the knowns What is left as always, is the when Iraq is very close as articles have told us.  How close?  That is the question.  The intel says we are very close but as always we wait.  We are coming on to the end of the first quarter by Tuesday of next week – March 31st.  It is at that time the CBI will make a strategic decision of whether to do it now or continue to wait. If they pass the 31st, they cannot go back.  In other words if the 31st comes and goes they have lost their opportunity to retroactively take this back to the first of January 2015 because the second quarter will have begun.  If they pass this opportunity it removes the pressure on the CBI in one respect.  The CBI under Shabibi always felt it would be best to do this at the beginning of a year.  It doesn’t change a thing though if they bypass this opportunity at this time.  Iraq is working hard and will change its monetary system as well as its economic system this year.  You have seen this in article after article.  So don’t get too discouraged and certainly don’t give up.  We are close.  I stand by the intel – over $3.00 and this year – maybe the end of this quarter.  
______________________________________________________________

Dinar Afternoon Drive Call!!

w/BGG – from Thurs 3/26

Click on the banner in the upper right corner

Smart phone user link – Click here

______________________________________________________________

Aggiedad77 - Article:  “Appearance Saleh warns of deterioration of the dinar and rumors denied“   I think it is important to recall PM Abadi’s background…very much heavy on the side of financial wisdom…the former head of the Financial Committee in Parliament I believe…you don’t see him dancing with the Finance Committee pointing fingers at the CBI…no he chooses to meet with the governor of the CBI and backs the belief that the CBI needs to be independent of the government…they have their own governance to stand on…proudly…Dr. Saleh has been there and wore that CBI t-shirt, he understands the role the CBI has in Iraq’s future…neither of these gentlemen are siding with the Finance Committee at this stage of their game….pay close attention to what both of them say and do…one is the spokes person for the other…the one has the clout in his hand to change things…what for change to evolve soon for Iraq…IMO.
______________________________________________________________

Poppy3 - there are laws that need passing but according to CBI the one’s pending to be put is action as law don’t effect the CBI giving the green light to turn the new RATE LOOSE.  ABADI’S GOI NEEDS CASH FLOW DESPERATELY, HE HAS MADE THAT VERY CLEAR AND THE NEW RATE IS THE ONLY WAY LEFT TO PROVIDE THOSE FUNDS. WE ARE LOOKING VERY GOOD AT THIS POINT.
______________________________________________________________

Frank26 - The governor of the CBI and PM Abadi are still talking…SECURITY is extremely important!  The SECURITY within the CBI…meaning the “laws”…there are like 1,500 or more…many will become active once the budget is opened.  Why isn’t the budget open? We don’t have a rate yet.  In the meantime, all of the math is being done on the CBI spreadsheet. The slate was cleaned…completely wiped clean mathematically. Are we going past March?  We don’t know but we don’t think so. We don’t know a date/rate.
______________________________________________________________

CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

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

Indicative rates – 25.03.2015

http://www.cbi.iq/

______________________________________________________________

sczin11 - WE KNOW PROGRESS IS CONTINUING…I KNOW MR [MONETARY REFORM] IS IN PROCESS… I JUST AM NOT CERTAIN HOW OR WHERE WE WILL SEE IT FIRST…WHAT I DO KNOW, IT WONT BE IN AN ANNOUNCEMENT BEFORE IT HAPPENS… WE MUST ALL STOP AND REALIZE, ONCE AND FOR ALL…NO-ONE KNOWS DATE…AND IF THEY WANTED US TO KNOW, THEY HAVE HAD NUMEROUS OPPORTUNITIES TO DIVULGE…THEY HAVENT, AND WONT…YOU MUST REALIZE THAT THE CBI WILL SHOW THE RATE, THE FOREX WILL SHOW A BUY AND SELL PRICE, AND THE BANKS WILL ALL SHOW THE EXCHANGE RATES THEY ARE OFFERING, JUST LIKE THEY DO NOW FOR THE DONG, EURO, AND OTHERS…
______________________________________________________________

Kaperoni - Article:   Government agrees to accept the proposal of the central instruments of private banks to taxes and fees“  I remember back to early March when Allaq said he was giving the “green light” to delete the zeros…he said…”this process will be preceded by regulatory and administrative operations“ Sure looks to me like they are putting those procedures in place now. 
______________________________________________________________

Millionday - …the decline in oil prices to unprecedented levels form a major challenge for the government and ministries of the state in the implementation of its development, noting the current financial crisis will be gone within the next few days...“   THE ECONOMIC CRISIS — WILL BE GONE IN THE NEXT FEW DAYS!  NOW THAT WE LIKE.  THEY PLAN TO RESCUE THE NATIONAL ECONOMY AND NO OIL PRICE OR TERRORISM WILL STAND IN THE WAY OF THE PROGRAM FOR THE ECONOMIC RESCUE – WHOOOPOW.  [COULD THAT MEAN AN RV?]  THAT COULD INCLUDE THE ECONOMIC REALITY FOR THE MARKET ECONOMY THEY HAVE AS A GOAL… 
______________________________________________________________

Mr. Ammar al-Hakim calls for politicians to maturation of the political project

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

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

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

______________________________________________________________

tman23 - The Kurd delegation coming to Baghdad to “restructure the agreement”… Lets just say… the Kurds are not coming to renegotiate anything…The Kurds need 1.2 billion per month and this is NOTHING NEW…Kirkut is told they will begin receiving $2 per barrel starting April…and they are set to deliver 400k barrels per day…Kurds consider Kirkut part of their territory…Point here is...lots of confusion and with Mustafa in Baghdad for the Kurd region before the arrival of the delegation…Abadi and team best have the ultimate game plan and offer…Again all eyes should be on the Kurds.
______________________________________________________________

sczin11 - I AM MORE ENCOURAGED ABOUT THE FACT THAT ABADI MET WITH CBI GOVERNOR PRIVATELYFIRST TIME I EVER SAW SOMETHING LIKE THAT, THEN I AM ABOUT THE “TRANSLATIONS” OF WHAT WAS DISCUSSED…THE TRANSLATIONS CAN BE VERY AMBIGUOUS…BUT WHY PRIVATE MEETING AT ALL, AT THIS TIME? THAT IS EXCITING.
______________________________________________________________

Millionday - Article quote:  “Prime Minister “, received in his office today, Governor of the Central Bank on the Keywords,” noting that “During the meeting, they discussed the work of the central bank’s strategy for the coming period and the control of the Iraqi dinar exchange rate against currencies foreign.“  THIS IS A MEETING WITH ABADI AND CBI GOVERNOR.  ABADI IS STRESSING THE INDEPENDENCE OF CBI BUT IS STATING THAT THE ECONOMIC AND FINANCIAL REALITY AND ALL POLICIES NEED TO BE MOVED FORWARD TO REACH THEIR GOALS.
______________________________________________________________

Bankers Association criticized the statements of some politicians about the economy and invite them to “support the local economy.”

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

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

______________________________________________________________

Kaperoni - Article quotes:  “Iraqis Economists Association predicted, Iraq was able to overcome its financial crisis… ”…that the government, despite its preoccupation war and military operations against terrorist groups, but it has developed an economic program aimed at development and emerge from the current financial crisis.“    …there are several ways to overcome a financial crisis…such as the sale of bonds, increase in oil exports, price changes, etc.  …we know the solution is opening the market economy.  Clearly there is a plan and Abadi appears to be determined to make sure it succeeds.  Where exactly currency reform fits in that strategy is unknown…but it is required for a market economy to succeed so it is coming.  I personally do think that the meeting between Abadi and Allaq was important and what was discussed appears to be very private as in the past when such a meeting would occur, usually some staff accompanies.  Personally, I continue to believe laws must be passed before the CBI will make any moves and this ISIL war needs to be more under control. 
______________________________________________________________

Millionday - Article quote:  “A statement by the Arab Monetary Fund, seen by the “morning” will participate in the meeting of the World Bank representative…it is scheduled to attend the President of the Board of Directors overseeing the coding system Consolidated global legal related Council financial stability, which will give a presentation about the new coding system and its impact on payment and settlement systems.”  THE MEETING THEY ARE TALKING ABOUT IS HUGE AND IS ABOUT THE IMPLEMENTATION OF A NEW SYSTEM IN THE INFRASTRUCTURE FOR CAPITAL MARKETS AND THIS IS ISSUED BY BIS (BANK OF INTERNATIONAL SETTLEMENTS).  THIS INTERNATIONAL CODING SYSTEM WILL BE PRESENTED TO SHOW HOW IT WILL BE IMPLEMENTED AND ALSO ITS IMPACT ON THE ARAB REGION.

THIS WILL CHANGE THE WAY THAT ECONOMIC DATA IS DONE WITH FINANCIAL IMPACT A NEW CODING SYSTEM.  I THINK THAT THE REFORMS MAY HAVE BEEN RELIANT ON THE NEW SYSTEM AS IT WOULD NOT BE SMART TO ACTIVATE THE OLD SYSTEM WHEN THE NEW SYSTEM WAS ABOUT DONE — SO LOOKS LIKE THIS WAS IMPORTANT TO BE DONE BEFORE IRAQ ECONOMIC REFORMS OR EVEN COUNTRY REFORMS. 
______________________________________________________________

sczin11 - WHAT MANY DO NOT UNDERSTAND, IS THAT THE RAISING OF THE VALUE OF THE DINAR, AGAINST INTERNATIONAL CURRENCIES, THE PAIRING IF YOU WILL, HAS LITTLE DIRECT EFFECT ON THE IN COUNTRY CITIZENS…FOR EXCHANGE PURPOSES…THE CITIZENS WILL REAP THE BENEFITS, WHEN THE COSTS OF THEIR GOODS PURCHASED ARE REDUCED, AS A RESULT OF LARGER PURCHASING POWER BY THE IMPORTERS…
______________________________________________________________

Gen. Petraeus: Biggest threat to Iraq’s stability is Iran-backed militias, not ISIS


Former CIA director and retired Gen. David Petraeus says the biggest threat to long-term stability in Iraq isn’t the Islamic State — but instead, Iran-backed Shiite militias.

“What has happened in Iraq is a tragedy — for the Iraqi people, for the region and for the entire world. It is tragic foremost because it didn’t have to turn out this way,” Petraeus told The Washington Post. “The hard-earned progress of the surge was sustained for over three years. What transpired after that, starting in late 2011, came about as a result of mistakes and misjudgments whose consequences were predictable.”…

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

Kaperoni - Article quote:  “The head of the House of Representatives has called for a conference with friendly countries to get Iraq out of its economic crisis“   …these economic conferences are a waste of time and money.  Until Iraq passes the laws for economic and banking support, the market economy is stalled.  Rather than hold these conferences asking everyone to help, turn to parliament and find a way to get the job done.
______________________________________________________________

Frank26 - Everything is going in the direction to add value to the IQD.   They cleaned-off the 1166 rate on the spreadsheet and we were excited!  [Guru] Delta told us to pay attention to the Bank of Baghdad who was making some amazing announcements. The Bank of Baghdad is literally telling the international world and the citizens of Iraq that we are going to take good care of you…we’ve got some good services for you…some good products for you, etc.  All of that ain’t true. There’s no liquidity. Yes they have a new technology system but none of it is realistic until they comply with Article 8 and raise the value of their currency! 

The Finance Committee said that the IQD is collapsing…if this country [Iraq] does not comply with Article 8 very soon it will collapse!  Abadi basically said [in Germany] that “I want the RI/RV but we need to see peace and security in our neighborhoods first.”  Abadi wants Article 8 compliance!  …there may be no RI/RV until ISIS is secured and we see security.  The international community got the message. Security is taking charge!  ISIS is being choked. We are much farther along than most people think!  Meanwhile the IMF praises the steps that Iraq is taking.

Today the GOI and CBI work together…the governor of the CBI (whoever that is) and Abadi got together and Abadi tells him maybe I should be in control of the IQD mechanism.  I’ve never seen the PM and the governor of the CBI discuss these facts and add value to their currency and talk about the mechanism to do it.  …the governor of CBI in my strong opinion is Dr. Shabbi.  The head of the CBI and the GOI met together. They need to be Article 8 compliant. They need to add value to their currency!   If you take everything I’m saying right now and literally put it all across a piece of paper you will see an evolution a growth pattern leading to adding value of the IQD and Article 8 compliance!  We now have 2 leaders working on the mechanism to lift the zeros!  It doesn’t get any better than that!
______________________________________________________________

sczin11 - YOU MUST CRAWL BEFORE YOU CAN RUN…(TO THE BANK)…WE ARE SEEING STEPS IN A METICULOUSLY PLANNED OUT PROCESS…FOR 2 MONTHS NOW, MR [MONETARY REFORM] HAS BEEN IN PROCESS… JUST BY THE RELEASES WE HAVE SEEN, THAT IS OBVIOUS…WE DON’T KNOW THE LAST STEP, WE DON’T KNOW WHEN, BUT WE MUST BE ENCOURAGED…Quote:  “Mr. Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, the governor of the Central Bank on the Keywords. During the meeting, they discussed the work of the central bank’s strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies“   WHEN HAVE WE EVER SEEN A MEETING IN THE PM’S OFFICE WITH THE CBI GOVERNOR, DISCUSSING EXCHANGE RATES?  
______________________________________________________________

CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

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

Indicative rates – 25.03.2015

http://www.cbi.iq/

______________________________________________________________

Millionday - [Do you think they are working behind the scenes and are farther long then we think?]  YES — I THINK THAT BY THE TIME THE NEWS HAS BEEN IN SOME INSTANCES — APPROVED– IT IS A COUPLE DAYS LATE AND WE HAVE SEEN THAT AS WELL – ALSO…FOR SECURITY PURPOSES — I WOULD SAY THAT MANY ARE LATE IN REPORTING AS FAR AS MILITARY ACTION AND MOVEMENT OF PEOPLE AS WE HAVE SEEN IN THE PAST.   ALSO — WE HAVE SEEN LAWS GO TO PARLIAMENT AND NO COMMENT FOR A WHILE AND THEN THE ACTION OF THAT LAW IN THE NEWS.
______________________________________________________________

BS ALERT!!

TD - After a long drought of no information from my Kurdish friend I reached out to check on the rumors that an “RV rollout had begun “.  Of course as usual treat ALL you hear or read as rumor and please due your own diligence. He humored me by calling a few contacts in different provinces of Iraq and no one including bankers know of any such claims.  …he indicated that Abadi’s government is complying with terms reached with the Kurdistan region including timely payments. 

Either this statement is true “…no one including bankers know of any such claims”. Or the following (the next paragraph) is true – but you can’t have it both ways. From the same source on the same call. Either they know – or they don’t know. Take your pick…

The major push this spring/summer against ISIS remains the main and only focus of action and other social, economic and monetary reform programs are being worked through but simply on a planning and development basis with implementation on most to be further evaluated and implemented later this year as conditions on the ground warrant any rollout. Right now and near term addressing the security and stability situation of the country is priority ONE. Don’t expect much else for months to come. 

BGG ~ I don’t normally post TD – nor comment on anyone else’s info. However, this “info game” has gotten to be such a cat-and-mouse thing with the dealers – I feel it more important (in the future) to be wary…

______________________________________________________________

Millionday - [do you see Iraq waiting on other Global economic moves and strategy before they RV or are they simply on their own timeline acting independently?]  I THINK THAT THIS WILL HAVE A GLOBAL IMPACT DUE TO THE MARKET ECONOMY THAT IS THEIR GOAL ALONG WITH THE WTO THAT MANY COUNTRIES ARE A PART OF – THE EMERGING ECONOMIES MUST HAVE AN IMPACT OR THEY NEED TO GO BACK TO THE DRAWING BOARD BUT – THIS ONE HAS BEEN ANNOUNCED TO BE AN EVENT THAT WILL IMPACT THE GLOBE AND THERE ARE MANY REFERENCES TO AGREEMENTS IN TRADE AND ALSO THE ISX HAS BEEN HOOKED TO NASDAQ SO THE AVOIDANCE OF AN IMPACT CANT BE DONE – SO I THINK AN IMPACT NOT A RELIANCE.
______________________________________________________________

tman23 - …I am looking to see what takes place before April 2…because it starts a new quarter…and I do not believe they will RV in the middle of a quarter…They have said as much in past articles (lift the zeros).
______________________________________________________________

Kaperoni - The bottom line is Allaq has his hands tied right now…until the GOI gets parliament to set the stage (pass the laws of economic and banking) for investment and investors, the CBI cannot float the dinar.  They work hand in hand to drive the exchange rate up..and so we wait.  This is not new, we have been saying this for a very long time. Article quote:  “Mr. Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, Governor of the Central Bank, Mr. Ali relationship. During the meeting, they discussed the work of the central bank’s strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies.“    I was thinking about this…usually when there are meetings like this a few more players are involved.  One on one with the PM is probably very sensitive in nature…which IMO is a good sign.  We may be close.
______________________________________________________________

Dinar Afternoon Drive Call!!

w/BGG –  from Tues 3/24

Click on the banner in the upper right corner

Smart phone user link – Click here

______________________________________________________________

Shredd - I agree Saleh is on board for what is obvious to be Abadi’s plan to economically move Iraq forward…it’s crystal clear there must be solid protections for investor money before investment can come into Iraq.  the concerns around security will continue but that must be mitigated with assurances that investors aren’t going to lose their butts.  all the news we’ve seen over the last few months is pointing to that… investment insurance, fx protections, account balance protection and high returns will give comfort to investors risking their principal cash…this all plays into the “internationally accepted/recognized dinar”… 
______________________________________________________________

Millionday - PARLIAMENT…MET TODAY [SUNDAY] AND KURDS HAVE ASKED TO HAVE SESSION MOVED TO MARCH 28TH…SHIA NEW YEAR – SHIA CELEBRATE IT ALL AROUND THE WORLD… BUT THEY WILL CONTINUE WORKING THROUGH THE WEEK AS WELL… [will they be able to vote on anything without the kurds there?]   I WOULD SAY THEY WOULD NOT — BUT IT DEPENDS ON HOW MANY PEOPLE ARE THERE BY WHAT WE HAVE SEEN IN THE PAST.  [do they need the kurds in house to pass an RV or can it happen when they are away...can swift action occur while they are celebrating their holiday?]   CBI IS AN INDEPENDENT AND IT HAS THE POWER TO SET THE EXCHANGE RATE IN THE COUNTRY BY WHAT WE READ.
______________________________________________________________

tman23 - 3 parties in Kurdistan …PUK..(Talibani)…KDP (Barzani)…Mustafa (Gorran)…Talibani and Barzani are speaking of independence from Baghdad…Mustafa party has a large say after last election in Kurd region…Mustafa is meeting NOW with Baghdad…So we wait and see what pressure he applies…Kurd leaders have had enough of Baghdad…The pressure is being applied by the Kurds!!
______________________________________________________________

THIS IS FROM ABADI’S FACEBOOK PAGE, AROUND 11:00 AM EST TODAY, MONDAY MARCH 23, 2015….

Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, the governor of the Central Bank on the Keywords.

During the meeting, they discussed the work of the central bank’s strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies…

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

______________________________________________________________

Poppy3 - …WHY WOULD A BANK NEED EMPLOYEES TO COME IN EARLY…THERE WILL BE NO RUN ON A BANK THERE ARE LESS THAN ONE PERCENT OF THE PEOPLE IN AMERICA EVEN KNOWS WHAT A DINAR IS MUCH LESS INVESTED. IT WILL NOT EVEN MATCH NUMBERS ON A NORMAL FRIDAY PAY DAY.  I ALSO KNOW FROM A FORMER TREASURY CONTACT THERE WILL BE LESS THAN 5 PEOPLE IN AMERICA THAT WILL KNOW AHEAD OF TIME AND THEY WILL NOT KNOW TILL LESS THAN 30 MINS BEFORE IT WILL GO GLOBAL!
______________________________________________________________

Millionday - Article quote:  “Rafidain Bank announced on Saturday the launch of the short message service sms to report the date of disbursement of pensions through the smart card…”the last and in coordination with the global smart card agreed with Zain Telecom…“   THEY HAVE LAUNCHED THE ELECTRONIC INFORMATION TO INFORM OF BENEFITS OF RETIREMENT FOR SMART CARDS …THEY ALSO WILL BE ABLE TO USE THIS CARD GLOBAL ACCORDING TO REPORTS.
______________________________________________________________

CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1230.946 1230.331
British pound GBP 1724.048 1723.186
Canadian dollar CAD 913.435 912.978
Swiss franc CHF 1160.314 1159.734
Swedish krona SEK 134.077 134.010
Norwegian krone NOK 141.716 141.646
Danish krone DKK 164.876 164.793
Japanese yen JPY 9.605 9.600
Special
Drawing Rights
SDR 1596.487 1595.689

Indicative rates – 23.03.2015

http://www.cbi.iq/

______________________________________________________________

sczin11 - ALOT GOING ON, AND YET AT SAME TIME FEELS LIKE NOTHING IS HAPPENING… IT IS TOUGH TO STAY ENCOURAGED… BUT, IF YOU JUST LOOK AT ALL THE VARIOUS THINGS TAKING PLACE, IN ALL ASPECTS OF ECONOMIC AND MONETARY REFORM, IT IS VERY HARD NOT TO BE EXCITED AT THE PROGRESS WE CONTINUE TO SEE… 
______________________________________________________________

OOTW - I’m hoping that they’re working quickly on the census…the constitution states that there has to be a census done for art 140 - in re to distribution of oil payments to the kurds/citizens.   I don’t think it’s a condition for monetary reform…it’s a condition for the oil distribution payments.
______________________________________________________________

Poppy3 - ..I HAVE BEEN TOLD ON TWO OCCASIONS FROM THE BEST POSSIBLE HIGH RANKING SOURCES THAT IRAQ IS IN THE FINAL STAGES OF THE PROCESS OF BEING ON THE ECONOMIC GLOBAL STAGE …THE LEADERS KNOW WHAT IS NEEDED AND THEY ARE GOING 110% TRYING TO GET TO THAT POINT.  I AM RELAXED AND CONFIDENT IN OUR INVESTMENT.
______________________________________________________________

Opinion Piece… (Sczin11)

What to believe….and what not to believe!

We read, we talk, we ponder, we dream….we hope to see progress…and every time we think we see motion in a positive direction, either it is debunked by something new, proven false, or seemingly un-confirmed! 

Most recently…Baghdad sends $420 million dollars to kurds…490 billion dinars…4-5 days later, $250 million dollars is stated…and implied, not even there yet…

Read Full Text: http://dinarupdates.com/blog/
______________________________________________________________

Enorrste - Article:  “IMF Staff Concludes the 2015 Article IV Mission for Iraq“  Quote:  ”The foreign exchange market has remained stable in 2014 following steps taken by the CBI to liberalize it, and the parallel market spread had declined to 3.5 percent at the end of the year. However, the authorities should reconsider the caps on CBI foreign exchange sales and the collection of custom duties through commercial banks. These measures are effectively restricting the supply of foreign exchange to the Iraqi economy and have boosted the parallel market rates to record levels in the past weeks.“   I don’t think the article is referring to the remittances…but only to the Parliament’s illegal action to limit the CBI’s ability to do its work With respect to the overall impact of the Article IV consultation, I believe we should wait for more details and their official statement before we get riled up.

I don’t see anything in this short article that indicates that the plan has been put on hold.  Instead, I see that the IMF is pointing out that the street rate and official rate are separating; nothing more than that.  This isn’t news to the CBI.  They are clearly aware of the situation.  The solution, as I have stated before, is to move to a new exchange rate regime.  Once that is done then the street rate and the offical rate become synonymous.  Ninety days later, should they want to, Iraq could move to Article VIII of the IMF Charter.  To conclude:  this article is simply stating the facts:  Iraq is not in compliance.  It implies that the Parliamentary restrictions are the source of this lack of compliance and that something should be done to tell Parliament to “bug off.” 
______________________________________________________________

Millionday - Article quote:  “Zubaidi said according to the statement of Ministers to the importance of “investing in Iraq, especially in the land, sea and air transport projects to serve the common interests of our Arab“.   …THEY ANNOUNCED THIS WEEK THEY ARE READY TO RECEIVE ALL THE ARAB COMPANIES TO INVEST – WHOOPOW.  [would keeping the rate at 1166 give foreign countries more investing power?]  NOT AT THE PRICES THEY HAVE SET — AND THE LACK OF THE ABILITY TO JOIN THE MARKET ECONOMY…  TO OPEN THE DOORS TO INVEST THE COMPANIES THAT ARE INVESTING WOULD ALSO LIKE TOURISM AND ALL SECTORS TO BE OPEN – WITH NO MARKET ECONOMY THE ABILITY TO MAKE MONEY IS MINIMIZED WITH A GLOBAL ECONOMY AS WE ARE USED TO AND MANY IN THE GLOBE ARE AS WELL.
______________________________________________________________

WMAwhite - [Do you have an opinion on the ISX Glitch.. Feed error? Or maybe not?]  It is difficult for me to believe such a large % change is an error in the state of the art trading system they the ISX just put into operation.   [what is the hold up with rv any ideas?]   I do not believe there is any hold up with the re pricing of the IQD.  To say there is a hold up implies that we know their schedule.  However, we do not know their schedule so we do not know that there is a hold up.  We know what is going on…they continue to tell us every few days.  We were told two weeks ago that the green light was given to process with the “project”.  Prime Minister Abadi told us last week that he is activating the private sector. 

What we do not have are the details of each event we are told about. However, most of what they want to do eventually requires the IQD to move back and forth electronically through the central bank system.  Prime Minister Abadi has already told the world (when in Davos and Berlin) that Iraq is joining them on the world economic stage. That means that the IQD will have true value. Every week or so they tell us a little more. They are preparing to walk up onto that stage.   …remember that the revaluing/repricing of the IQD is only one of many, many events that need to happen for Iraq. To us, it is the only event. I believe that Abadi is going to do what is best for Iraq at the best time for Iraq. Not necessarily the best time for me.
______________________________________________________________

CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1230.946 1230.331
British pound GBP 1724.048 1723.186
Canadian dollar CAD 913.435 912.978
Swiss franc CHF 1160.314 1159.734
Swedish krona SEK 134.077 134.010
Norwegian krone NOK 141.716 141.646
Danish krone DKK 164.876 164.793
Japanese yen JPY 9.605 9.600
Special
Drawing Rights
SDR 1596.487 1595.689

Indicative rates – 22.03.2015

http://www.cbi.iq/

______________________________________________________________

sczin11 - LET’S BE EBULLIENT FOR A SECOND:   THIS WEEK IN REVIEW….  IMF REPORTS 2015 CONSULTATION…WTO REPORTS REVISION 9…..ISX SHOWS EITHER A MAJOR GLITCH, STILL NOT CORRECTED, OR A TREMENDOUS INFLUX OF MONEY, A FEW DAYS AFTER REPORTING A COMPLETE WITHDRAWAL OF INVESTMENT MONEY, THE WORST THEY HAVE SEEN IN A LONG WHILE, IF EVER…CBI SAYS DINAR IS FINE, DON’T WORRY ABOUT WHAT YOU SEE…WILL ALL BE CORRECTED IN A FEW DAYS…MONEY, AND A NICE CHUNK, WAS SENT BY BAGHDAD TO THE KURDS…LOTS OF TALK ABOUT TIKRIT BEING TAKEN BACK BY IRAQ….MAJOR BONDS BEING OFFERED TO PAY OFF OIL COMPANY DEBTS…INVESTMENT LAW AMENDMENTS BEING TALKED ABOUT AGAIN….  LOTS TO BE ENCOURAGED ABOUT….YET WE STILL WAIT, AND SEE….
______________________________________________________________

Jester - [what is going on with the Kurds and Baghdad...have you heard anything new there?]   I AM TOLD IT IS ALL WORKED OUT…WE WILL SEE…I AM TOLD THEY ARE PAID AND WAITING SAME AS US...OTHERS SAY THEY ARE TICKED…AND IF THAT IS TRUE THEN WHY NOT? THEY WILL LIKE TO BE PAID TODAY SAME AS YOU.
______________________________________________________________

pinocchio-smileyLONG copyMnt Goat - …the RV rollout has begun…The major obstacle is ISIS as it is slowing down the rollout more than was in the original plan. But be assured it is occurring.  Some…are still…talking about the IQD rate coming out at the provisional or program rate (around 1166). This is of course foolish…  First we know for a fact that Iraq is already paying out on Qi cards the adjusted rate of $3.91. This is a converted rate from their 1166 program rate to USD. Second if the rate was to come out so low…the hedge funds and money managers would come in and gobble up trillions worth literally within hours…and drive up the value very quickly in doing so.  

…the IMF said…the IQD would come out at least equal to the value of $1.00 USD.   The IMF needed a stable currency. They would not RV until it could be valued at least to $1.00. This is all they were saying. Then in being questioned by the news media in 2010, Dr Shabibi even said the dinar could sustain a value up to $16.00. Why would he say announce this to the world if he intended to come out with initial value of 1166 or 40 cents or even $1.00?  The rate upon going international is going to be way over $3.00 ($3.91+).

…they have begun to rollout the new rate of $3.91 to the provinces but not yet to the international arena. All the mechanisms to do so are implemented, even the banks have the new rates and are live (but you need exchange codes to conduct transactions)  but until the new rates flow to the international money markets and exchanges, the money spigot is not yet opened entirely to the rest of the world. This is what we need.

(Complete BS!!!)
______________________________________________________________

sczin11 - IT IS NOT ABOUT HOPE…IT IS ABOUT WHEN?  WE ARE DEALING WITH THE CURRENCY OF ONE OF THE WEALTHIEST COUNTRIES IN THE WORLD, IF NOT THE WEALTHIEST…WHARE TRYING DESPERATELY HARD, DILIGENTLY, AND METICULOUSLY, TO REBUILD THEIR INFRASTRUCTURE, REGAIN CONFIDENCE OF THEIR PEOPLE, AND LURE IN THE FOREIGN INVESTOR…ALL AT THE SAME TIME AS KEEPING PEACE, MAKING AMENDS, AND SUPPORTING THEIR BROTHERLY NEIGHBORS!!
______________________________________________________________

Millionday - [do we know what happened with the ISX yesterday? any solid information on why it jumped so high?]  NO IT IS STILL ON THERE.  Quote: “Close price index ISX 60 in the Sunday session on 15/3/2015 (879.180 points)…]  SO AS WE SEE — THEY STATE HERE THAT THEY CLOSED THE PRICE INDEX ISX 60 — ON SUNDAY THE 15TH OF MARCH.  Quote:  “The market value for the current week 8.906 trillion dinars. Compared with the market value last week’s 7.981 trillion dinars, an increase of 11%.“   I HAVE TO SAY AS WELL…KNOW THAT AN INCREASE OF 11% DOES NOT SEEM TO MANY TO BE BAD NEWS EVEN THOUGH IT IS NOT 1100%+ — THAT IS HUGE AMOUNT IN MY OPINION ONLY.
______________________________________________________________

Bluedog - Article quote:  “The United Nations expressed, on Saturday, welcomed the announcement by the Iraqi government to send $ 420 million to the Kurdistan region, calling on both parties to proceed with the implementation of the oil agreement.“     IMO…JUST STALLING WAITING FOR THE COMING RATE…COULD IT BE WAITING FOR THE LAST DAASH (ISIS) OR WHATEVER…ALL TERROR… KILLED…?  NO…THERE WILL ALWAYS BE CONFLICT AND TERRORIST IN THE MIDDLE EAST…BUT AS SOON AS THE NEW RATE GOES FORTH…THINGS WILL CALM WAY DOWN AS IN KUWAIT AND DUBIA WHERE FOLKS SHARE IN THE COUNTRIES RICHES AND BETTER BUYING POWER.
______________________________________________________________

LIVE Dinar Q&A Call – from last nite!!

w/BGG and Mr White from 3/21

or Click on the banner in the upper right corner

Smart phone user link – Click here

______________________________________________________________

sczin11 - THE WTO HAS AN…UPDATE ON ACCESSION OF IRAQ TO WORLD TRADE ORGANIZATION.  LOOKS LIKE WE ARE ON REVISION 9, AS OPPOSED TO LAST JULY REVISION 8.   [wont the rv happen b4 the wto?] WTO NEEDS RV, RV DOESNT NEED WTO//SO YES U R CORRECT.  …THE MERE FACT THERE IS AN UPDATE TODAY…MEANS WHAT? SOMETHING IS HAPPENING.
______________________________________________________________

Millionday - [do we know what happened with the ISX yesterday? any solid information on why it jumped so high?]  NO IT IS STILL ON THERE.  Quote: “Close price index ISX 60 in the Sunday session on 15/3/2015 (879.180 points)…]  SO AS WE SEE — THEY STATE HERE THAT THEY CLOSED THE PRICE INDEX ISX 60 — ON SUNDAY THE 15TH OF MARCH.  Quote:  “The market value for the current week 8.906 trillion dinars. Compared with the market value last week’s 7.981 trillion dinars, an increase of 11%.“   I HAVE TO SAY AS WELL…KNOW THAT AN INCREASE OF 11% DOES NOT SEEM TO MANY TO BE BAD NEWS EVEN THOUGH IT IS NOT 1100%+ — THAT IS HUGE AMOUNT IN MY OPINION ONLY.
______________________________________________________________

Breitling - …The note count IS the dinar.  Where people get confused is when they say that Iraq has 95 trillion dinar…that’s its country’s value.  That’s it’s total value.  It’s the M0, M1, M2 and M3 reports and they break it up into the different parts…you have the commodities, the short term deposits, the long term deposits, you have the oil, you have the foreign currency reserve and then they add up how much it’s worth…they DON’T have 95 trillion dinar…what they are is WORTH 95 trillion dinar and the reserve is worth in U.S. dollars 80 Billion.  But what represents all this wealth?  What was the last report we got from the CBI?  4 Billion notes…I don’t know exactly how many dinar that represents but remember…the hight of the note count was 9 billion notes that represented 30 trillion dinar.  And they said they were going to get it down 70%.  So it’s a classic mistake…

Only this crowd makes this mistake…Iraq does not have 95 trillion dinar rolling around anywhere…that is what the country is WORTH.  This is the exact same formula we use here in the United States, they use in Vietnam, in China…it doesn’t matter.  We’ve had 4 reports come out of the CBI…9 billion notes, 6 billion notes, 4 billion notes and another saying their target is 1 billion notes…where is it at?  I have absolutely no clue…nobody does.  What do they say?  they say they’re going to add value that they are going to reduce the note count…If they were just going to reduce the note count by introducing a new currency and they weren’t going to use the currency you and I have then there would be no reason to reduce the notes you and I have…they would simply retire them and introduce the new note.  So those are the indicators that there is growth…
______________________________________________________________

CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1230.946 1230.331
British pound GBP 1724.048 1723.186
Canadian dollar CAD 913.435 912.978
Swiss franc CHF 1160.314 1159.734
Swedish krona SEK 134.077 134.010
Norwegian krone NOK 141.716 141.646
Danish krone DKK 164.876 164.793
Japanese yen JPY 9.605 9.600
Special
Drawing Rights
SDR 1596.487 1595.689

Indicative rates – 21.03.2015

http://www.cbi.iq/

______________________________________________________________

Backdoc - WE HAVE ALREADY SEEN IMPLEMENTATION OF THE HCL LAW AND NOW AWAIT THE FINAL IMPLEMENTATION OF A FEW PARAGRAPHS ON THE 28TH THAT THEY HAVE TWEEKED.  WE KNOW THEY HAVE ALSO SAID THEY ARE IN AGREEMENT!  THE ABADI EXPRESS IS COMING INTO THE STATION…
______________________________________________________________

Backdoc - WHEN THINGS LOOK THE WORST, THEY ARE THE BEST!  CLEARLY, THERE IS A FOCUS ON SECURITY AS WE SEE!  JUST HOW FAR ALONG WE ARE WE MAY NOT EXACTLY KNOW!  THE MORE WE SEE ON THE FACTS WITH THURSDAYS ISX SESSION I AM HIGHLY SUSPICIOUS WHEN I SEE A SESSION CLOSE DOWN FOR THE DAY AND LATER WE SEE A 1000% CHANGE ON THE INDEXES’ VALUE WITH TRADING CLOSED FOR THE DAY!  TIME WILL WRITE THE HISTORY ON THIS ISSUE OF COURSE!  ONE HAS TO WONDER IF THAT CHANGE IS SIMPLY A VALUE CHANGE IF ZEROS WERE REMOVED. THE NEW VALUE WOULD BE REFLECTED BY THIS INCREASE DIFFERENCE!  WE SIMPLY NEED TO WAIT TILL THE MARKET RE-OPENS FOR THE ANSWER!  WILL THE MARKET RE-OPEN ON SUNDAY?  IF NOT AND WE HAVEN’T SEEN AN INTERNATIONAL RATE THE ODDS INCREASE MY THOUGHT COULD BE RIGHT!  TIME WILL TELL.
______________________________________________________________

Adam Montana - [I still do not see how Iraq can ever RV at any rate that most of us would like to see due to approximately 30-40 trillion dollars in circulation.  That is an almost astronomical number...  I...wish they really were taking money out of circulation with these auctions but no one really seems to know the true story there.] The rate: I don’t know what rate you are referring to, but if it’s over 1:1 I simply don’t think that will happen regardless of how much is or isn’t in circulation. But to address the “amount in circulation” issue, that is controlled by the CBI and when they want to pull money out of circulation, they will. When they want to RV, they will.
______________________________________________________________

______________________________________________________________

American Contractor - …they printed approximately one trillion of the 50 dinar banknotes.  A small amount compared to the 68 trillion in circulation.  The current Central Bank reports outlined how the money supply has increased in January 2015 by 4 trillion dinars.  The delete the zeros project or the printing of new Iraqi dinar currency has not started and will not start until the green light is given by the Government. The Central Bank has to have authorization from the Iraqi parliament to print the new categories of the Iraqi dinar currency.  Recently, the Central Bank stopped the currency auctions because it was decreasing the foreign currency reserves. We know this because Hoshyar Zebari, Iraq Minister of Finance stated on February 27, “Iraqi Central Bank’s reserves of hard currency (USD) fell to $68 billion which decreased 12.5% or $9.7 billion.  This year, the Central Bank has two goals…

This year, the Central Bank has two goals.  Both were initially reported in the media in 2004.  First one being, the deletion of the zeros and the second, restructuring the category of the banknotes.  You will see the Central Bank remove banknotes from circulation with a window for execution.  More than likely, they will once again, follow a 60 day window of exchange, just like they did for the fifty dinar banknotes.  You will also see new categories being introduced like the 50k and the 100k banknotes. The Central Bank will definitely be restructuring their current banknote categories like the 250, 500, 1000, 10,000, 25,000.

BGG ~ This commentary is so full of jibberish – I don’t know where to start?!?

______________________________________________________________

tlm724 - Article:  “The high value of trading during the current week sessions of the Iraqi market for securities“   Quote:  “…announced the Iraq Stock Exchange, on Thursday, a rise in the value of the trading sessions during the week, reaching (8.906) trillion dinars, compared with the market value last week (7.981) trillion dinars, an increase of 11%.”   There could be an issue with the ISX post from yesterday. Appears to be an 11% not 1100 % increase…someone must have forgotten the decimal point lol still great to see gains. Their site is still showing that 1100% but it also has NOT been updated so that makes sense.
______________________________________________________________

OOTW - Article quote:  “Kurdistan region received $420 million from the budget of Baghdad dues, according to the announcement, Finance Minister in the federal government, Hoshyar Zebari. He said Zebari’s remarks, told Reuters on Thursday that such payments mean that the parties are committed to the agreement of oil.“  wow…so…the last [article] i saw stated they were going to pay 250 million and now this?  woah!  everyone we please need to be on the lookout for announcements showing the people celebrating over this – that’s when we know we’re good.
______________________________________________________________

Baghdad Alters Terms of Agreement with Erbil

Iraqi MP, “Baghdad will send budget commensurate with Kurdistan oil exports”- Kurdish MP Shirin Husni has told BasNews that whilst there was initial hope surrounding the Erbil-Baghdad agreement, Baghdad now appears to be moving the goalposts. “In a meeting with Kurdish blocs, Haider al-Abadi has clearly announced that Kurdistan will receive funds that reflect the amount of oil exported through SOMO.”…

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

Millionday - THE ISX…ANYONE SEE IT?  [yes and there are mixed reviews on that - some "in the know" say it's a glitch.  check the market reports and you'll see that yesterday was just a normal day and this is a mistake.]  GLITCH WITH A MAJOR STOCK MARKET?  HERE IS WHAT I SEE.  Market Summary General index 928.35Change 852.98 % Change 1,131.72% Value traded 1,938,899,339 Shares traded 2,035,424,172.  THE CHANGE IN THE ISX IS OVER 1100%.  THIS IS A MAJOR MAJOR CHANGE.  …THAT HUGE % OF CHANGE IS SOMETHING THAT WILL SHOW SOME TYPE OF NEWS FOR US VERY QUICK.

[what does that mean for the RV?]  I WISH I HAD THE EXACT ANSWER FOR YOU…BUT WITHOUT THE MARKET REPORT OF WHAT IMPACT THIS HAD TO THE CURRENCY MARKET AND THE GLOBAL MARKET I DONT KNOW YET.  I HAVE TO SAY THE MISTAKE IF THAT IS WHAT IT IS VERY INTERESTING…IF NOTHING ELSE — OF COURSE US AS LOGICAL PEOPLE HAVE TO LOOK MORE BEFORE WE CAN STATE ANY POSITIVE CHANGE OR IMPACT ETC…WE CAN NOT GET EXCITED ETC WITH ONE DAY WITH NO NEWS OF SUCH A HUGE CHANGE ETC. — THIS HOWEVER VERY INTERESTING…
______________________________________________________________

Breitling - Isn’t funny that they just announced from the CBI that they are going to go ahead and start this 3 year process of adding value to their currency and also don’t you find it strange that they are going to take their 50 dinar note off and retire it because it’s part of reducing the note count process…these guys are actually making things happen. It’s very very exciting!
______________________________________________________________

Distribution of independent bodies under the quota system to weaken the prestige of the state and its institutions

Alsumaria News / Baghdad MP for the coalition of state law, full-Zaidi , on Thursday, the continuation of the political blocs to distribute independent bodies under the quota system as a “weakening” of the prestige of the state and its institutions, demanding the removal of bodies blocks from quotas and division…

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

BGG ~ More like… “weaken the prestige of the SLC”… since they are the ones about to lose the CBI (and much control/influence in the GOI)…

______________________________________________________________

Adam Montana - [When is Ramadan?  ...we know once Ramadan takes place everything slows down...Your opinion, with Al-Abadi in place, do you think progress will continued forward once Ramadan arrives, or will we have the normal slow down taking affect and our wait continues into 2016?]  Ramadan is June 17 to July 17 this year.   I don’t think we’ll make it that far without seeing something major.  Will Ramadan be any different for Parliament under Abadi as opposed to Maliki? I would certainly think so, but “how much” different remains to be seen.
______________________________________________________________

tman23 - they have an HCL agreement in large…the devil is in the details…and those details cannot be defined until there is a article 140…which cannot happen without a census…which cannot take place with all the displaced people…so if we need a HCL to have a RV… were a looong ways away.
______________________________________________________________

SteveI - I talked to Ray last week and none of our contacts have anything new. We all felt that February was a very time for this to appear, but Iraq did not feel that they were quite ready. We are being told that the banks are ready and the CBI is ready, but one of the hold ups could be the continued security regarding ISIS. It is my understanding that ISIS still controls the border between Iraq and Syria, thus causing a problem if the border does need to be closed for a short period of time.  I believe the lack of news is very encouraging and what news is coming out, is very positive regarding this investment.  Iraq simply cannot support the budget and development at the rate they currently have. Hang in there and hopefully it will all be over soon…
______________________________________________________________

sczin11 - [whats your take on the ISX hype?]   …THE ISX IS KEY TO ER/MR REFORM GROWTH… WITHOUT IT, NO MONEY OF ANY CONSEQUENCE COMES INTO IRAQ - I STATED THAT THE COUNTRY WOULD IMPLODE, RETURN TO TRIBAL LEADERSHIP… THIS IS MUCH MORE PRESSURE ON THE CBI, THAT CAN NOT CONTINUE…AND IN LAST 24 HRS, WE ARE SEEING BIG COMPANIES TAKING MONEY OUT OF THE BANKS, AND THE BANKS BEGGING THEM TO COME BACK.
______________________________________________________________

Breitling - The ISX is correcting a little bit.  The rich have one thing in mind…to buy at garage sale discounts.  So what happened?  The ISIS came in the ISX [Iraqi Stock Exchange] took a hit…I personally started buying more and more and guess what?  It’s going up.
______________________________________________________________

Frank26 - K notes were made and designed solely for a Program rate that started around 4500.  Today it sits at 1166 AND LD’s / Fils coins Were made and re-designed with Kurd language solely for a HIGHER IQD RATE.  S.S. at The CBI is doing that right now.  
______________________________________________________________

IMF Staff Concludes the 2015 Article IV Mission for Iraq



Press Release No. 15/121

March 18, 2015

An International Monetary Fund (IMF) mission led by Carlo Sdralevich visited Amman from March 6–15 to conduct the 2015 Article IV Consultation discussions with the Iraqi authorities.

At the conclusion of the visit, Mr. Sdralevich issued the following statement:

http://www.dinarupdates.com/showthread.php?15250-The-Dinar-Daily-Thursday-March-19-2015&p=101481&viewfull=1#post101481
______________________________________________________________

Delta - WOW IRAQI STOCK EXCHANGE UP OVER 1000%.   IRAQI MEDIA SAID THAT ISX IS DOWN, BUT ISX SITE IS SHOWING HUGE INCREASE.. IMO…AFTER HOURS MARKET FOREIGN INVESTOR.
______________________________________________________________

tlm724 - ISX is up 1100% over night Today at 8:03 am.  [...something is up and I believe its a good thing.]  It appears you are correct. The ISX increase appears to have an huge influx of liquidity into mainly Bank and Insurance stocks to the varying tune of a 60-90 % increase.   …big investors are pumping money into the banks in Iraq and this shows a tremendous amount of confidence.
______________________________________________________________

tman23 - There are no pending laws that hold back a monetary change…ALL EXCUSES. How many times…have you heard and read they need this and or that…Only to be posted…that Shabibi was ready to pull the trigger in 2012…AHHHHHHH Guess that law expired!! The only thing holding Iraq back is IRAQ…Barzani told them (knowing the ESX was scheduled to open)…DROP THE 3 ZEROS BECAUSE KURDISTAN WILL NOT DEAL WITH THEM IN THE NEW MARKET…  Quite frankly I don’t believe the Kurds care for the excuses…YOU JUST GET IT DONE! They mention payment…And by good source I am informed of an amount of 1 billion dollars…This payment will be made BEFORE APRIL.  Let’s see how it “pans out”…but this is usually right on the money…no pun intended.
______________________________________________________________

Dinar Afternoon Drive Call!!

w/BGG –  from Thurs 3/19 (pm)

Click on the banner in the upper right corner

Smart phone user link – Click here

______________________________________________________________

Backdoc - THIS EVENING [WEDNESDAY]  I NOTICED A CHANGE IN PATTERN WITH THE CURRENCY RATE!  THE RATE ROSE TO AROUND 1130 TO 1140 DINARS TO A DOLLAR! THE DROP ON THE GRAPH WAS AROUND 6 TO 7 PM…INTERESTING!  ONCE THE ZEROS ARE REMOVED FROM THE RATE WE POTENTIALLY COULD SEE A STARTING POINT FOR THE FREE FLOAT IF THAT IS THEIR INTENT.  WE DON’T KNOW BUT IT SURE IS AN INTERESTING MOVE TO SAY THE LEAST!
______________________________________________________________

Millionday - [What happened to GREEN LIGHT by CBI?]  THE SYSTEM THEY HAD THE GREEN LIGHT FOR INCLUDED THE REMOVAL OF THE THREE ZERO CURRENCY FOR THE FOLLOWING TWO YEARS.  THIS IS OBVIOUSLY PART OF IT TO HOLD SOME OF THE US DOLLAR IN INVESTMENT BUT GREEN LIGHT LOOKS YELLOW.
______________________________________________________________

Jester - [are folks still excited?]  THEY ARE WAITING…SAME AS US…BUT VERY EXPECTANT.  [Somewhere in Dinarville I read...that the TV over in Iraq is saying they are now on step 4 of the reform...Just wondered if HP (Guru Hocus Pocus) had heard the same?]  I DO NOT THINK THAT IS SO… WE TALKED ABOUT IT SPECIFICALLY TODAY AND OUR SOURCES ARE NOT SEEING THAT.
______________________________________________________________

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/
______________________________________________________________

Frank26 - The spreadsheet…on the 18th shows 1166 but don’t be concerned about that at all. What if I told you it was to send a message to the “bad guys”?   …the spreadsheet directs your eyes to the numbers that will add value to the end of their calculations that they are doing right now.  This action is not only historical but the spreadsheet is following a step-by-step process to add value to the end.  Now we told you it would be up there at 1166 but we also told you about the rider.  It looks like right now they may be trying to go between 70 to 75 cents. Maybe $1.20…maybe $1.30 or something like that. I don’t know.  Because based on where they are at that may be as far as they can go right now.   Our Teams also want you to remember that you should NOT ever compare Iraq to Kuwait!  Kuwait was not a MR…it was a reinstatement of their value.  Iraq is a monetary reform.  They are going to surprise the living daylights out of everyone real soon.

I-Team on the ground tell us that the citizens in Iraq were demonstrating today. They know it’s going to happen!  5 Providences are going to get 250 Billion dinars. At 1166? Why that is only about 50 billion per providence.  50 Billion can’t allow them to function for too long.  But what if that 250 Billion was say at the “NEW RATE”?!  The articles are now in BILLIONS…NOT in TRILLIONS! This is huge!!! This is NEW MATH…NEW NUMBERS… NEW RATE!  What was supposed to happen today (18th of March)? The private sector was supposed to be launched today. Did it? No…it’s waiting for the new rate!  Meanwhile  the IMF comes out today and says  “the IMF staff concludes that the 2015 Article mission 4 is completed!” WOW!  Let’s see what happens between now and Saturday the 21st!
______________________________________________________________

Adam Montana - [I have read some articles saying that the Kurds and Baghdad have agreed to most of the points of the HCL law.  Is this what you are hearing?]    Yes, you are correct – the majority is done and we are looking for it to be 100% complete any time now.
______________________________________________________________

Backdoc - WE SEE AN ARTICLE STATING WE ARE IN BETWEEN THE DELETING OF THE ZEROS AND THE RELEASE OF THE NEW EDITIONS OF CURRENCY!   NEXT, WE SEE THAT SWIFT CODES HAVE BEEN ACTIVATED BY EVIDENCE OF THE ISX TAKING DOWN ITS’ MESSAGE THAT A DATA FEED HAS BEEN INTERRUPTED! A LIVE CONNECTION TO THE WORLD APPEARS READY!  THE IMF JUST STATED THAT THEIR CONSULTATIVE WORK WITH IRAQ IS NOW CONCLUDED!  THE IMF JUST GAVE THEM A SLAP ON THE BACK AND SAID NOW GETTR DONE BOYS!

WITH CONTINUED WORK ON LAWS, PROGRESS CONTINUES TO EXPLODE! THEY STATE THAT THEY PLAN TO IMPLEMENT THE FINAL PARAGRAPHS OF THE HCL LAW BY THE 28TH!  PAYMENTS TO OIL COMPANIES ARE PLANNED TO BE PAID BY APRIL 1ST AS WELL!  WE ALSO HEAR OF THEIR CONCERN FOR FINALIZING SECURITY BEFORE LAUNCHING THEIR MARKET ECONOMY BY THE END OF MARCH, WHICH THEY HAVE STATED!  WITH A GREEN LIGHT GIVEN FROM THE CBI AND A 3 DAY HOLIDAY COMING THIS WEEKEND, POSSIBILITIES ARE RISING!     IMO.
______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

Adam Montana - …this last week was a bit slow. We’ve seen continued evidence that Abadi is “the man” we want at the helm, as he continues to do great things to advance Iraq in every aspect possible.  Parliament has been working diligently, accomplishing more in a week than they used to in 2 months! It appears that the Oil & Gas issue is paused at the moment…I’m going to cut them some slack and give the benefit of the doubt at this time, since they are actually working…  There’s a few ways to look at this…the most logical, in my opinion, is pretty simple - the CBI probably informed Parliament that they were not ready yet, so hold off on the HCL. So, what might be holding the CBI back? Again IMO, not much! The CBI is excellent at what they do, so perhaps it’s a simple matter of aligning all of the banks that participate in the auctions. Maybe it’s a last minute tweak on the Post-RV spreadsheets that they will be using. If that’s what is happening, I believe that’s great for us. It means we are a few words away from seeing this all come together.  We need some HCL news before I start packing my bags…
______________________________________________________________

Frank26 - The CBI and GOI both did something historical… the biggest advancement in the monetary reform of the IQD. The combination of these things are incredible!  #1 – The banks of Iraq have their own SWIFT code for Int’l communicationThese banks have been transferring money and doing wiring-transfers for years – which is no big deal…but they have never been able to do it with a SWIFT code. This is the first time. Which is an Article 8 requirement. Question – What is another Article 8 requirement? Answer: the lifting of the 3 zeros.  #2 – …the governor of the CBI came out and said…“yes we are in the process of lifting the 3 zeros. When you go to the CBI website and you don’t see 1166 anymore…it’s because they lifted the 3 zeros.  1166 is not in the column where it should be. Normally it is on the 18th it disappears for a few hours and then comes back. Why would they need SWIFT codes for 1166?  It may be that on the 18th we may see 1166…then the rider kicks in …and God willing…we may see a new rate. Delta’s team has told us that there will be something on the 18th – let’s see what happens.
______________________________________________________________

Zebari confirms Kurdistan pay dues of the budget “within days” and attributed the delay to the causes of “financial” 

Long-Presse / Baghdad The Minister of Finance of the Federal, Hoshyar Zebari, on Thursday, the government’s readiness delivery Kurdish government authorities a new batch of budget dues in the coming days, as attributed the delay this causes “more as a political finance”, he stressed the importance of the agreement between the parties in strengthening the bonds of relationship between them being “comprehensive and mean a lot” to both…

http://www.dinarupdates.com/showthread.php?15250-The-Dinar-Daily-Thursday-March-19-2015&p=101454&viewfull=1#post101454
______________________________________________________________

Aggiedad77 - Article: ”Daash” hamper Iraq’s accession to the World Trade Organization“  Security issues within Iraq that are obviously associated with threats from DAASH terrorists are putting Iraq’s efforts to join the WTO on hold for at least the time being…..at the same time Iraqi forces have been making very good progress in ousting terrorists from some areas around Iraq…more work is needed to get things moving again with the WTO.
______________________________________________________________

Millionday - those relationships and brothers laid the foundations in March 1970 agreement but unfortunately, successive governments have worked day and night in order to pre-empt this agreement and actually got through to create sedition among the Iraqi people, especially between Arabs and Kurds, and what happened recently from historic agreement between Baghdad and Erbil represents a new and honorable page to build a democratic Iraq.”   THE ERBIL AGREEMENT… THE UNIFICATION OF THE COUNTRY IN THE WAR ON TERRORISM.  THIS IS THE NEW AGREEMENT BEING ACTIVATED – ERBIL AGREEMENT WITH IRAQ FEDERAL — GREAT NEWS.

[have the iraqi army liberated tikrit and have moved onto mosul yet?]   IT WAS ANNOUNCED THAT TIKRIT IS DONE AND THEY HAVE MOVED ON TO MANY AREA.  THEY ARE ALSO DISCUSSING WORKING TOGETHER IN THE REGION — UNIFYING THE SUPPORT.  EVEN KUWAIT IS INVOLVED SO THE PLAN IS TO WORK TOGETHER.   …IN THE LAST FEW DAYS — EGYPT HAS STATED THAT THEY WILL HELP IRAQ IN TERRORISM SUPPORT.  IRAQ IS MAKING IT VERY CLEAR HOW IMPORTANT THE SECURITY ISSUES AND THEIR RESOLVE ARE — ABADI IS ALSO STATING FROM HIS OFFICE… HARMONY BETWEEN POLITICAL AND MILITARY POSITIONS– FOR A UNIFIED POSITION.

[Wouldn't it be safe to say, that Iraq could buy a whole lot more security and support with an RI'd currency?]  THE COALITION IS HELPING IRAQ TO NOT GAIN IN FUNDS BUT TO PROTECT THE GLOBE FROM TERRORISM — THEY ARE WORKING HARD TO GET CONTROL IN THE WHOLE REGION AND IT IS IMPORTANT TO US ALL — THE STATEMENTS WE HAVE SEEN — SEEM TO TELL US THAT THEY ARE WANTING THE TERRORISTS…TO BE CLEARED FROM SOME AREAS…IF A MARKET ECONOMY WILL SHOW SUCCESS AND THE CITIZENS WOULD BE SAFE AS WELL…SOME EMBASSIES HAVE HELD OFF OPENING DUE TO SAFETY.  SO AS WE SEE – THE PROBLEM HAS BEEN THE TERRORISM THEY HAVE BEEN SETTLING AND WITH SUCCESS ACCORDING TO REPORTS.
______________________________________________________________

tman23 - I have asked for weeks now one question to those in Iraq…Has anyone seen the NEW 25,000 note with the NEW security features that the CBI posted on their website…And the answer has been NO!! So as long as the boy holding the water jug with sheaves of wheat on the 25,000 note are the only ones in circulation…we are still in a positive place.

______________________________________________________________

Araji emphasizes the need to invest Baghdad Chamber of Commerce ties with the international community to improve the private sector

Deputy Prime Minister Bahaa al-Araji, the need to invest Baghdad Chamber of Commerce ties with the international community in order to improve the private sector.

They said, on Thursday, during the third international economic conference held by the Baghdad Chamber of Commerce, under the banner of [the role of chambers of commerce in support of the government's economic program, "The former regime and adopting a socialist economy may wantonly interfered in the work of this room and robbed independence and furthest from achieving objectives established for it, "stressing" the importance of the work of the Baghdad Chamber of Commerce and the vital activity at home and abroad. "...

http://www.dinarupdates.com/showthread.php?15250-The-Dinar-Daily-Thursday-March-19-2015&p=101465&viewfull=1#post101465

 

______________________________________________________________

sczin11 - ...THE CHANGE TO INTERNATIONAL RECOGNIZED CURRENCY, AT A TRUE VALUE REALITY RATE, CAN HAPPEN ANY TIME...THE LAWS THEY SEEK COMPLETED, CAN HAPPEN AFTER, BEFORE, OR SIMULTANEOUS...WHAT DIFFERENCE WILL IT MAKE IF INVESTMENT LAW IS APPROVED OR NOT? IT WOULD JUST DELAY FOREIGN INVESTORS FROM RACING IN...HOW DOES THAT SAY THE CHANGE CAN NOT OCCUR NOW?
______________________________________________________________

Frank26 - [...How do I know the 1166 was once where u said it was?]  Pics of the spread sheet from the 18th of February are in our file…

______________________________________________________________

My Ladies - [why would you publish a spreadsheet and then remove a line? To me, that would negate the spreadsheet. If you did that, wouldn't you have to re-date the spreadsheet?]  YES I READ SPREAD SHEETS OFTEN AND THIS ONE IS EASY TO FOLLOW, HOWEVER IT GOES ALL THE WAY BACK TO 2003 SO IF IN FACT ANY NUMBERS OR RELATION TO 1166 WAS THERE THE ENTIRE FLOW OF THE SHEET WOULD REFLECT THAT, AND IT DOES NOT.  THE CURRENT MONTH MIGHT POSSIBLY BE REMOVED GOING FORWARD, BUT NEVER WOULD THE PAST BE ERASED. IMO.
______________________________________________________________

sczin11 – OPINION PIECE

AS MOST KNOW, THE NEWS REPORTED IN INK, NOT ONLY IS CONFLICTING AND CONTRADICTING AT TIMES, IS ALMOST ALWAYS REPORTING WHAT HAS HAPPENED, PAST TENSE…

ANYTHING INVOLVING NATIONAL SECURITY, POLITICAL MOVEMENTS, INTER AND INTRA-COUNTRY DEALS, AGREEMENTS, AND CONTRACTS, FOR MANY REASONS, WOULD NOT BE DISCUSSED IN THE MEDIA, UNTIL FINALIZATIONS WERE IN PLACE…

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

Kaperoni - We have said for a long time…pressure is what will raise the value the dinar.  Either through investors, taxes, or other.  They are trying to create pressure so they can let the dinar go.  Give it a bit of time..its coming.
______________________________________________________________

Frank26 - Is this CBI spreadsheet PDF file an “illusion”? We don’t believe so. The ISX is green – meaning they are profitable now! (How did that happen at 1166?)  Things are going to make a whole lot more sense very soon.  Here’s some more news. This just came in. Some of the data on the spreadsheet…more of its missing.  Again yesterday the governor of the CBI came out and said we’ve got the green-light! Let’s see what the IMF has to say in the next few days…and what the CBI does! 
______________________________________________________________

tman23 - The ONE THING WE CAN BE 100% CERTAIN ABOUT…The lifting of the 3 zeros is NOT A NEUTRAL EVENT!! What profit there is to be made is unknown…but they made it quite clear that it would increase the value of the dinar…
______________________________________________________________

Consultant Abadi: high price of the dollar behind beneficiaries took advantage of Article 50 of the Budget

Consultant Abadi: high price of the dollar behind beneficiaries took advantage of Article 50 of the Budget

BAGHDAD / JD / .. attributed the Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh rise that occurred on the dollar against the Iraqi dinar to the names “with users” took advantage of Article 50 of the General Budget Law.

He stressed that “the central bank has sufficient reserve and comfort of hard currency dependent on oil revenues,” noting that…

…the coming days will witness a breakthrough to the crisis with a budget to follow the policy of the liquidity in the market and the size of the reserve and flow “…

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

My Ladies - DO NOT BE SURPRISED IF TOMORROW DOES NOT SHOW US THE PRIVATE SECTOR BEING ACTIVATED.  ABADI IS SAYING LIBERATING THE COUNTRY OF DAASH IS A PRIORITY FOLLOWED BY ACTIVATING THE PRIVATE SECTOR.  SO PLEASE BE PREPARED FOR THE WORSE.  I HAVE A VIDEO …AND MANY LINKS TO SHOW…THAT IRAQ HAS HAD SWIFT CODES SINCE 2003.  I ALSO HAVE A STATEMENT FROM TRADE BANK IRAQ SAYING THAT CARDS HAVE BEEN USED IN THE USA FOR YEARS AND YEARS WITH NO PROBLEMS.   I DO NOT WANT ANY OF YOU HANGING HOPES ON SWIFT CODES.   THIS TIME IS COMING VERY SOON BUT NOT BECAUSE OF SPREAD SHEETS OR SWIFT CODES. THIS TIME IS COMING BECAUSE THE COUNTRY IS READY. 

I KNOW WE ARE WAITING FOR THE PRIVATE SECTOR AND I HATE BEING THE PORCUPINE IN THE BALLOON FACTORY BUT… THE CBI FILED A MOTION IN COURT FOR COMPLETE SEPARATION FROM THE GOI, THEY WANT TO PASS THEIR LAWS WITH OUT PARLIAMENT LIKE ALL CENTRAL BANKS DO.   I THINK WE NEED TO LOOK FOR THE FEDERAL DATE FOR THE HEARING FOR THE CBI.  WE NEED TO SEE THE SEPARATION OFFICIALLY AND THE CBI NEEDS TO ACT LIKE A CENTRAL BANK.  THERE IS EVERY POSSIBILITY THAT WE WILL SEE SOMETHING TOMORROW… WE ARE IN A SOUND INVESTMENT AND THE CBI IS MOVING ALONG. WE ARE STILL VERY POSITIVE AND BELIEVE WE WILL SEE THIS SOONER THAN LATER.
______________________________________________________________

Delta - All indications from the CBI…and one of the biggest confirmations is when the CBI finally said (on March 3, 2015) they had the “green light” to implement and delete the zeros. It’s in Iraq’s best interest to revalue their currency…it really is all that is going to save them. We know something is about to happen. There is no liquidity. They can’t survive at 1166.  When the country accepts Article 8…they have to send a letter of intent to the IMF. They basically have about 2 more days. Very interesting when they took the numbers out of the chart…indirectly it looks like they got Article 8. The only thing we are waiting for is the announcement from the CBI.  What are they waiting for? They are waiting for the new numbers. A new rate!…and IMO…very, very soon!  
______________________________________________________________

Tlar - I believe that monetary reform is not waiting on ISIS removal and that it is a separate issue that is happening right in front of us. Time will tell what’s right or wrong. There [are] many things that indicate they are ready to do it this month.
______________________________________________________________

The governor of Nineveh gave evidence against al-Maliki, the fall of Mosul

Parliamentary Security: The governor of Nineveh gave evidence against al-Maliki, the fall of Mosul

Baghdad - MP Hajuan Abdullah, Rapporteur of the Commission on Security and Defence parliamentary, the governor of Nineveh province Liberation of Iraq provided important information to the Commission requires the questioning of former Prime Minister Nuri al-Maliki, who is vice president of the republic now…

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

Aggiedad77 - Article:  “Fayad reveals lingered in the oil and gas law“  The Chairman of the Parliament Energy Affairs says that Speaker Jubouri has sent a letter to the COM requesting they delay sending the oil and gas law to Parliament because of work within the committee formed by the COM still works on amendments to satisfy the political blocs and sending now would be premature of their efforts…he speaks to a “NEW FORMULA” after some additions are made to some paragraphs within the law…a “NEW FORMULA.” Could this new formula provide the necessary mechanism, the calculation that would identify an international rate change
______________________________________________________________

sczin11 - [Should we assume after 2 years the 25000 notes will be worthless, or is the 2 years simply an objective?]    SEEN A FEW VERSIONS MENTIONING DIFFERENT TIME FRAMES…I ASSUME IT WILL BE MORE DEPENDENT ON WHAT THEY TAKE IN…THEN THEY WILL MAKE FINAL DEADLINE.
______________________________________________________________

Frank26 & Delta - Yesterday we discovered that the program rate of 1166 is gone!   1166 has been there for years. We have watched this spreadsheet very closely…Why would they delete the 1166 rate? For them to take these numbers out it tells us…in our opinion…that the program rate may be changing. This is very significant. What they are doing behind the scene is including a new rate – we just can’t see it yet. The numbers on the spreadsheet are still false. Something is going on with the book of systems with the CBI. The Excel spreadsheet…is no longer a PDF file! It’s an OPEN document!   …so far this looks HUGE!
______________________________________________________________

Dinar Afternoon Drive Call!!

w/BGG –  Thurs 3/17 (3 pm)

Click on the banner in the upper right corner

Smart phone user link – Click here

______________________________________________________________

Millionday - WE HAD READ A REPORT THAT THEY WERE GOING TO TRY TO ADD TO REVENUES BY SELLING LAND DUE TO ECONOMIC CRISIS.  THEY HAVE HALTED THAT PROGRAM DUE TO THE LACK OF NEED NOW – WHOOPOW.  Article quote:  “the economic and financial situation will be controlled well in the coming months.”   FINANCIAL CONTROLLED IN COMING MONTHS — LOVE IT.
______________________________________________________________

Kaperoni - Article quote:  “The President of the advisers in the Cabinet Thamer Ghadhban determine on the 18th of this month as the date for the development of mechanisms for implementing the strategy of the private sector in an expanded meeting...”   Interesting…since most of the financial people were busy all weekend with the IMF it makes sense that this conference was postponed. Wed. may be interesting day. 
______________________________________________________________

Millionday - Article quote:  “Parliamentary Finance Committee on Monday expressed, concern about the continuing rise in the dollar’s exchange rate against the dinar…the reasons may be behind the rise in the dollar’s exchange rate against the dinar, and that this has been getting used to it in Iraqi market and rare lasts until he returns to normal.“  THE COMMITTEE IS NOT THRILLED WITH CBI AND THE RATE CHANGE OF SLIGHT THEY DID, BUT LOOK “UNTIL HE RETURNS TO NORMAL“  NORMAL IS GOOD.  SO OBVIOUSLY THEY WANT TO MOVE FORWARD AND SAVE THE DINAR AND THEIR ECONOMY – WHAT THEY NEED IS THE ENTIRE ECONOMIC REFORM OR THEY WOULD NOT HAVE DEVELOPED IT FOR THE COUNTRY… AS WE KNOW THEY ARE WORKING ON EACH STEP TO ENSURE SUCCESS…THEY ARE IN A HUGE RUSH BY WHAT WE HAVE SEEN…

______________________________________________________________

Urgent: PM prepares for Economic Reformations

Baghdad (IraqiNews.com) - A source from the Prime Minister Office revealed that the PM Haider Al-Abadi is preparing for economic reformation and simultaneously supervising the Command of Security Operations directly to liberate all the towns of Iraq which are invaded by the terrorists of the ISIL.

The source told IraqiNews.com that…

AL-Abadi is now stepping some steps, the first one is to liberate the invaded towns by the ISIL, then rebuild them and getting the families back their home, the second one is putting a strategic economic plans to improve the difficult life of the people through activating the private sector, the governmental companies, the agricultural field, benefiting from the livestock resource and other investment projects, the last one is the reformation in the governmental institutions and buildings through facing the corruption and introducing the best service to the citizens.”…

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

______________________________________________________________

Aggiedad77 - Article:  “Kurdish delegation in Baghdad on Tuesday“  A Kurdish delegation returns to Baghdad on Tuesday to discuss outstanding issues with the oil and gas agreement between themselves and Baghdad…no mention of who is leading the group this time…they do mention that they bring “high-level” entities with them…
______________________________________________________________

sczin11 - WHAT IS IT THAT IRAQ IS DOING BEHIND THE SCENES, PRIVATELY, TO HIDE THE PROCESS FROM THE WORLD…  I REALIZED, THEY ARE DOING NOTHING DIFFERENT THAN A COMPANY GOING PUBLIC GOES THROUGH WHEN THEY ARE BEING UNDERWRITTEN BY A BROKERAGE HOUSE IN PREPARATION FOR THE IPO.  THE PROCESS IS UNDERWAY, WE WOULD LOVE TO KNOW WHEN, THAT IS UNREALISTIC…WOULD BE LIKE INSIDER TRADING…A TOTAL CRIMINAL ACT…THERE IS NO CHECKLIST…NO ONE KNOWS WHEN…IT COULD BE ANYTIME…PRESSURE IS MOUNTING FROM ALL OVER.
______________________________________________________________

tman23 - THIS IS THE HEADLINE IN IRAQ……. THIS IS THE STREETS OF IRAQ….. THIS IS PART OF THE GOI……… Voice of Iraq | Iraqi currency between the deletion of zeros and new editions .. to end the suffering and the citizen awaiting a solution !!
______________________________________________________________

CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1230.946 1230.331
British pound GBP 1724.048 1723.186
Canadian dollar CAD 913.435 912.978
Swiss franc CHF 1160.314 1159.734
Swedish krona SEK 134.077 134.010
Norwegian krone NOK 141.716 141.646
Danish krone DKK 164.876 164.793
Japanese yen JPY 9.605 9.600
Special
Drawing Rights
SDR 1596.487 1595.689

Indicative rates – 17.03.2015

http://www.cbi.iq/

______________________________________________________________

Millionday - I AM ASKED MANY TIMES IF THIS OR THAT IS WHAT WE ARE WAITING ON WHEN IT IS AN ENTIRE PROCESS – IT IS NOT A SWITCH OR ONE ITEM IT IS AN ENTIRE EVENT /PROGRAM THAT HAS BEEN INGENIOUSLY DESIGNED.
______________________________________________________________

Chattels - Article:  “Shawki: Parliament sessions will be for four days in a row“  much emphasis was made to this singular report and suggestive of some great developments, which was then misguided, IMO.  the KUrds are not there in Parliament…nothing really ” big ” is going to happen in Parliament without the Kurds, IMO.
______________________________________________________________

Tlar - All indicators point to the fact we should know the truth of this investment this month.  There appears to be no more stoppers, but remember it is Iraq and there are people who don’t want to see Iraq prosper at all both inside and outside of the country starting with Maliki.  Some will do anything to stop this.
______________________________________________________________

Najiba Najib: the economic crisis on the wane

Showed a member of the Committee on Economy and Investment Najiba Najib, on Monday, said the economic crisis in the country, its way out, too, noting that the proposal to sell the land to the citizens the government had exceeded the work done to the existence of monetary financial abundance from which to conduct matters of state…

…The prime minister Haider al-Abadi, said earlier this month (2 March ) hosted by the House of Representatives that “the economic and financial situation will be controlled well in the coming months. Ended 25 K.

http://www.dinarupdates.com/showthread.php?15239-The-Dinar-Daily-MONDAY-March-16-2015&p=101052&viewfull=1#post101052
______________________________________________________________

Aggiedad77 - Iraqi advisors and economists are working side by side with the GOI/COM to bring an end to the financial crisis they are in today…they expect to see mechanisms put into play on the 18th that will bring more support to the private sector and provide that sector with more opportunities in which to help in the crisis situation.
______________________________________________________________

tlm724 - Article: “Abadi and infallible underline the importance of the arrival of Baghdad and Erbil, the mechanisms of implementation of the oil agreement“   Quote:  “the importance of the arrival of the federal government and the Kurdistan Regional Government to necessary to implement the last oil agreement between the two mechanism“   that’s right from Abadi…tomorrow they will meet!
______________________________________________________________

Millionday - HUGE NEWS. THE NEWS IS SHOWING HUGE PROGRESS ECONOMICALLY AND ALSO THE ENTIRE NATION SWIFT CODES ARE OUT AND THEY ARE PART OF SYSTEM. THIS MEAN HOOKED TO THOUSANDS OF BANKS FOR INFORMATION SYSTEM.
______________________________________________________________

Parliament Monday session starts

Baghdad (Forat) – The parliament session of Saturday has started, the session is headed by the Speaker, Saleem al-Jobouri, and attended by 215 MPs to read five law drafts.http://www.alliraqnews.com/en/index.php/political-news/65727-parliament-monday-session-starts.html
______________________________________________________________

OOTW - something to consider - private sector development and solidity would help sure up/stabilize the currency – and remember a WTO requirement is to have an internationally traded currency - so I would suspect they want to perhaps get their private sector solid, then change the value and ascend to the wto near the same time.
______________________________________________________________

Frank26 - Today the CBI removed its programmed rate of 1166 from their…”BOOKS”.  …where the program rate of 1166 always used to be.   It was always there… It is gone now.   It is blank.  …many of you are running to the CBI and still seeing 1166 on some pages but you have to go to the page on their website that only deals with their inflation or M1 M2 and M3 figures because this is the totality of their money and expenditures. Needless to say we were shocked…we are awed.  We have a lot of information about the bank’s swift codes (BIC)…we found out that they are activated and fully functioning…not just functional. With the swift codes now activated in Iraqi banks it means that they are international and functioning that way as you read this. This sentence means that Iraq internationally is now Article 8 compliant.
______________________________________________________________

Backdoc - RECENTLY, WE SAW THE CBI CROSS A LINE IN THE SAND WHEN THEY INITIATED A NEW FINANCIAL MECHANISM OF COMMITMENT.  THIS OF COURSE WAS A NECESSARY PREPARATORY STEP FOR LAUNCHING THE NUMBER ONE PRODUCT OF IRAQ, THEIR CURRENCY!  CONTROLLING CASH IN THE PUBLIC FLOAT HAS CAUSED A NUMBER OF ITEMS TO BEGIN TO “FIT LIKE A GLOVE”!  THIS STARVATION OF CASH FROM THEIR ECONOMY WAS PAINFUL FOR THOSE WAITING AND PROTESTING FOR THEIR SALARIES, BUT NEEDED!  REDUCING ALL CASH BEGINS THE PROCESS OF DE-DOLLARIZING. 

THE OLD FIFTY DINAR GETS RETIRED TO PREVENT COUNTERFEITING AND PREPARES THE WAY FOR LOWER DENOMS TO BE RELEASED!  AS WE HAVE SEEN, THIS PROCESS WAS PAINFUL YET NECESSARY!  WITH PAYMENTS SAID TO BE SENT FROM THE CBI, RECEIPT OF THOSE PAYMENTS NEEDS CONFIRMATION BY A RATE!  WITH KURDISTAN EMPLOYEES WAITING TO BE PAID FOR SALARIES WELL OVERDUE, THE PRESSURE MOUNTS AS EVIDENCED BY PROTESTS.  RECENTLY I REMINDED US ALL, “IT’S NOT ABOUT YOU,” THIS WAS ABOUT THE RESTORATION OF THE EMPIRE! WE WERE JUST FORTUNATE TO HITCH A RIDE ON THE ABADI EXPRESS!!  WE NOW AWAIT FOR THE CBI GOVERNOR TO SAY, “ENGAGE NUMBER ONE” IN THE NEXT FEW DAYS!
______________________________________________________________

Prophet ordered Baghdadi withdraw from Mosul ..!

Local residents said, Sunday, that the elements of the organization Daash on its way to withdraw from the city, by order of the organization’s leader, “Abu Bakr al-Baghdadi,” personally.

He said the witnesses, that “elements of the organization create enough among the people what hospitality Baghdadi ordered his fighters to prepare to withdraw from the city, on the grounds that (al-Khalifa met the Prophet, peace be upon him in a dream, and that the Prophet ordered him to leave Mosul and leave.”…

http://www.dinarupdates.com/showthread.php?15232-quot-The-Dinar-Daily-quot-Sunday-15-March-2015&p=100987&viewfull=1#post100987
______________________________________________________________

Millionday - Article quote:  “Rafidain Bank confirmed his quest hard to open up the banking cooperation at the Arab and international levels“  HUGE NEWS…RAFIDAIN BANK OPENING UP THE INTERNATIONAL LOCATIONS.  Quote:   “MP for the coalition of citizen Shawqi properly torque the House of Representatives pass laws, which would facilitate the process of investment and investors to enter Iraq.“ PARLIAMENT IS WORKING TOWARD ALL LAWS THAT WILL ALLOW INTERNATIONAL INVESTMENT – WHOOPOW.
______________________________________________________________

Aggiedad77 - BIG BIG words from the IMF today that Iraq needs to listen to…look for it…Parliament is committing to meeting Monday-Thursday this week, consecutive days…wow.
______________________________________________________________

tman23 - Since March 9 – 10th there has been some really weird reports concerning payments, oil exports, etc… It is as if parts of the system have stopped…And there have been NO CHANGES APPEARING TO BE ON_LINE PAYING since 3/10/2105… I don’t have an answer other than …They are preparing the system for a change…and it’s gone on for a week now!!
______________________________________________________________

CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1232.695 1232.079
British pound GBP 1725.913 1725.050
Canadian dollar CAD 910.724 910.269
Swiss franc CHF 1157.205 1156.627
Swedish krona SEK 135.388 135.320
Norwegian krone NOK 142.913 142.842
Danish krone DKK 165.252 165.169
Japanese yen JPY 9.602 9.597
Special
Drawing Rights
SDR 1598.481 1597.682

Indicative rates – 16.03.2015

http://www.cbi.iq/

______________________________________________________________

sczin11 - Article quote:  “Saadi: speculators rush toward their money in foreign currency in search of profit led to the withdrawal of cash from the stock market“  THE MR [MONETARY REFORM] MUST, I REPEAT, MUST,  BE COMPLETED…OR THIS COUNTRY WILL RETURN TO TRIBAL LEADERSHIP, AND IMPLODE! THE ISX IS THE KEY TO THEIR ECONOMIC FUTURE…
______________________________________________________________

Kaperoni - Article quote: “The basic choice that a government faces with its policy toward the exchange rate itself is between an exchange rate that is floating and one that is set or fixed by the government. In the polar case of a clean float the government permits private market demand and supply to set the exchange rate with no direct involvement by government officials. In a managed float or dirty float the government officials do intervene at times to try to influence the exchange rate, which otherwise is driven by private demand and supply.”   This is a very important statement…”through the mechanisms already put in order not to influence the market.”  This is confirming they are going to float the dinar and let the natural effects of the float (supply and demand) set the rate of the dinar.  And more importantly, it confirms it will be a free float that the CBI will not intervene to try and influence the rate. This statement by Allaq is very clear and the only one that fits that criteria (two years without influence).   

The question is when will they start?  Ali al-Allaq wants his float to succeed.  His window is over the next two years he wants to delete the zeros ( 1 to 1 exchange rate).  So it is very important that the economic laws are in place so investor confidence occurs.  When you have investors, you have an influx of capital.  The result will cause the dinar to rise.  I see this starting as soon as the laws are passed to support this investment process.
______________________________________________________________

tman23 - So as posted from this past Monday when it was reported citizens were not able to collect $$$ at ports on their cards.…….and the same time Ceyhan Turkey port announced the storage units were full and the Kirkuk pipeline had stopped oil flow……And vendors/merchants on the streets were complaining of empty streets and “lack of cash” along with higher import fees the driving cause…….  Then yesterday a citizen inquires about using his Qi card in Lebanon and the service department responded with……Qi Card is WORLD (this is response to your question)…… And this 21 minuets ago ((( Peace be upon you…We heard about the smart card service crashes for that late salaries etc. Please explain and when service will be activated again and launch salaries?? With thanks.  Qi Card Response…Dear payment dates back to the donor, you can continue to the page will be posted if payment…….  THAT’S A VAGUE RESPONSE…..BUT “CRASHES FOR SERVICE” ??? IMO…NO CRASHES BUT CHANGED OVER!!
______________________________________________________________

Oil Minister participate in meetings of the International Monetary Fund

Baghdad - Oil Minister Adel Abdul-Mahdi participated, on Sunday, at the annual periodic meetings between Iraq and the International Monetary Fund in the Jordanian capital Amman, which aims to review the financial and monetary policy for Iraq, as required by the chock agreement between the parties.

The Oil Ministry said in a statement received by all of Iraq [where] a copy of it, “Oil Minister Adel Abdul Mahdi, participated in the annual periodic meetings between Iraq and the IMF, for the review of fiscal and monetary policy for Iraq, as required by the Convention, chock them.”…

http://www.dinarupdates.com/showthread.php?15232-quot-The-Dinar-Daily-quot-Sunday-15-March-2015&p=100917&viewfull=1#post100917
______________________________________________________________

Millionday - Article quote:  “Erbil – detecting a senior leader of the Kurdistan on Saturday that the region’s parliament approved the main points of contention in the oil and gas revenues fund law in Iraqi Kurdistan.“   THEY HAVE APPROVED THE OIL AND GAS FUND LAW…THIS IS HISTORIC AND HAS BEEN WAITED ON FOR A VERY LONG TIME   [this is the HCL we were waiting for?]   THIS IS THE FINANCIAL SIDE OF THE OIL PROCEEDS — THE FUND ITSELF.  [is the financial side of the hcl all we're concerned about moving forward with a rate?]    THIS MEANS THAT THE AGREEMENT WITH KURDISTAN AND IRAQ ON THE BUDGET AND OIL PAYMENTS IS READY AND SET UP – SO THIS IS A HUGE STEP FOR IRAQ AND BUDGET.  THIS MEANS THAT MONEY WILL BE MOVING ON OIL SALES.
______________________________________________________________

Mnt Goat - we are still now witnessing extreme pressure from many parliamentary members to complete the currency reforms. The Iraqi news media is telling the citizens that it has been completed already yet in Europe and in the West we still get news of it’s near completion.  The truth is this current slow, methodical rollout is in the hands of the CBI. They are in the driver’s seat.   I tell you the budget is opened but the cash flow spigot is very limited. Only selected provinces are receiving funds if deemed safe from ISIS. The next step is for the individual providence to push out the lower denominations when needed from the banks to make transactions for reconstruction. What rate do they use?  Some are using the $3.91 rate already. This is fact and not my opinion!  It appears to me ( I could wrong) that this rollout schedule is very dynamic and was first started with Kurdistan and then the other major cities free of ISIS. Then as they are liberated the others follow.

We know for a fact the Qi cards (for social benefits and retirement pay to Iraqi citizens) are loaded with a new rate but can’t be used as of yet. It was announced in Iraq on Friday these cards would be activated in the next few days. We are being told that this capability of the Qi cards will be turned on during Sunday March 15th .  How far must the security issue be addressed prior to the final rollout of the RV?  I am also told they need the Amnesty law passed along with the funding law for the National Guard (part of the power sharing agreement). Both these laws are up for final vote next week.
______________________________________________________________

Poppy3 - I RECEIVED ABOUT A MONTH AGO THAT INSIDERS IN THE GREEN ZONE WHERE SAYING THE NEW RATE WAS GOING TO BE HIGHER THAN ORIGINALLY EXPECTED IN ORDER TO MEET BUDGET INCREASES. TIME WILL TELL SOON. I KNOW YA’LL HATE THAT WORD LIKE I DO BUT I FEEL IT FINALLY APPLIES.
______________________________________________________________

CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1237.476 1236.857
British pound GBP 1747.368 1746.494
Canadian dollar CAD 918.761 918.302
Swiss franc CHF 1164.835 1164.253
Swedish krona SEK 136.446 136.378
Norwegian krone NOK 144.043 143.971
Danish krone DKK 165.936 165.853
Japanese yen JPY 9.587 9.582
Special
Drawing Rights
SDR 1604.847 1604.045

Indicative rates – 15.03.2015

http://www.cbi.iq/

______________________________________________________________

Poppy3 - I RECEIVED ABOUT A MONTH AGO THAT INSIDERS IN THE GREEN ZONE WHERE SAYING THE NEW RATE WAS GOING TO BE HIGHER THAN ORIGINALLY EXPECTED IN ORDER TO MEET BUDGET INCREASES. TIME WILL TELL SOON. I KNOW YA’LL HATE THAT WORD LIKE I DO BUT I FEEL IT FINALLY APPLIES.
______________________________________________________________

sczin11 - Article quotes:  “Parliamentary Finance Committee announced on Friday, near the starting point for ministries and local government allocations in the current year budget and grades and in the form of payments“  “It added that the “functional assignments and grades will be launched in a few days and be in the form of payments due.”   THIS IS SAYING THE CBI WILL BE FUNDING THE BUDGET…THE WAY THIS ARTICLE IS WRITTEN, DESCRIBING THE STEPS, BUDGET APPROVED, RATIFIED BY PRES, WRITTEN IN GAZETTE, AND NEXT STEP IS FINANCE COMMITTEE ENFORCING, IMPLEMENTING THE LAW, AND CBI NEEDED TO PROVIDE THEM WITH THE TOOLS…THE KEY TO THE CAR…IF TRUE, THIS WOULD BE NICE… SUGGESTING THAT THE CBI WILL BE FUNDING BUDGET IN A FEW DAYS…
______________________________________________________________

Delta - WE HAVE A CONFIRMATION THROUGH ONE OF IRAQI BROKERAGE… THAT CBI HAS SUSPENDED ALL OUTGOING WIRES THROUGH IRAQI BANK SINCE LAST WEEK!!!
______________________________________________________________

Breaking News Religious Authority stresses importance of national unity in defeating ISIL terrorism

Karbala (Forat) –The Supreme Religious stressed the significance of the national unity in fighting and defeating the Islamic State of Iraq and Levant terrorists. /End/

http://www.dinarupdates.com/showthread.php?15227-quot-The-Dinar-Daily-quot-Saturday-14-March-2015&p=100832&viewfull=1#post100832

BGG ~ Personally – it sounds like the Iraqi Shia religious apparatus (somewhat different than Iran) is getting out ahead of the impending victory… making the most of it politically/religiously as possible.
______________________________________________________________

Poppy3  - “Fact…Monday the 16th the 3 Presidents are scheduled to meet…Abadi, Jabouri, and Masoum…It is also being said that the Kurdistan region will begin receiving their full share of the 2015 Budget as voted to law starting April 1st…IMO…I believe from news and what is happening on the streets regarding the economy…that after Saturdays Conference and Mondays Presidential meeting…then Tuesday’s CoM meeting… I believe we are about to see the directives to the Ministers on Tuesday that will be to implement the 2015 budget and open the economy.“    I AM HEARING SAME INFO FROM TOTALLY DIFFERENT SOURCE…IF ALL GOES AS PLANNED TIME AND ACTION WILL TELL.
______________________________________________________________

Aggiedad77 - Article: “Member of the parliamentary energy: government asked to wait a law of oil and gas to the presence of talks around“  A member of the Parliamentary Committee on Energy is asking Parliament to wait in bringing the oil and gas law to the floor of Parliament…this request for such a delay appears to be coming from the GOI, not from Parliament and is centered around differences seen between political blocs that may hinder approval at this time….however the lack of an oil and gas law hinders much of the work needed to be accomplished between Iraq and the foreign oil companies who work on oil production today….it also slows up the process of sharing the wealth from the oil revenues with the Iraqi people…and at the same time the Oil Minister recently spoke about the fact that the lack of an oil and gas law is a big part of the current Iraqi crisis.
______________________________________________________________

Poppy3 - Article quote:  “the war on Iraq is facing economic terms started with low oil prices...”   I DONT BUY FOR ONE MINUTE THAT THE PRICE OF OIL DROPPING HAS INTERRUPTED THE PROCESS OF FINANCIAL REFORM OR ECONOMIC REFORM. THAT IS JUST DECEPTION FOR OTHER REASONS.  ECONOMIST AND EVEN ME HAVE SAID FOR 3 YEARS OR MORE THAT WHEN IRAQ OIL WENT BACK TO SELLING AND SHIPPING GLOBALLY THAT THE OIL MARKET WOULD GET FLOODED AND OUR GAS PRICES WOULD FALL.   IT IS VERY OBVIOUS THAT HAS HAPPENED AND TO THINK THEY WHERE NOT AWARE OF THIS IS BULL. THEY KNEW LONG AGO HOW MUCH THEIR OIL WOULD EFFECT THE MARKETS.  PLUS THE FACT STILL REMAINS THE DINAR RATE BACK WHEN SADDAM WAS PM OIL WAS ONLY $31.00 A BARREL AND THE DINAR RATE WAS $3.00 PLUS FOR YEARS.   FOOD FOR THOUGHT. BUT FACTUAL.
______________________________________________________________

sczin11 – COMMENTS…

OBSERVATIONS ON THE IMF MEETINGS, CONSULTATIONS, FROM YESTERDAY…. PLEASE READ BOXES 10, 25, 29 IN TODAY’S NEWS FORUM (see link above)!!! NOTE THE ITEMS OF CONCERN, REDUCING BUDGET DEFICIT, BY IMPOSITION OF TAXES….DONE, DONE, DONE….WE WERE TOLD!!…ARE THEY??? MOST OF WHAT WAS DISCUSSED, HAS BEEN STATED MULTIPLE TIMES, WRITTEN ABOUT MORE, AND WE WAIT TO SEE ACTIVATION/IMPLEMENTATION…

LOOK WHO WAS AT THE MEETING??? ZEBARI, MAHDI, AND……..DRUM ROLL PLEASE…….THE GOVERNOR OF THE CENTRAL BANK!!!!! DOES HE HAVE A NAME? THREE DIFFERENT VERSIONS. THE “KEY HOLDER” TO THE MONETARY REFORM OF THE NEW IRAQ, THE DEMOCRATIC SOVEREIGN, POWERHOUSE OF THE WORLD. THE COUNTRY SUPPOSEDLY TO HAVE THE MOST VALUABLE CURRENCY IN THE WORLD….HAS NO NAME???

THE GOVERNOR OF THE CENTRAL BANK OF IRAQ… I GUESS HE IS NOT THAT IMPORTANT, AND DOESN’T DESERVE THE SAME RESPECT….. JUST SAYING!!!

I WONDER WHO WAS REALLY  THERE? IS IT POSSIBLE IT WAS…. ???

______________________________________________________________

Kaperoni - Article:  “Hatim George Hatim *: the role of the exchange rate in determining the general level of prices and the problem of monetary policy in Iraq“     Anytime they say…”also warns that the exchange rate is close to exhausting its potential in the course of the general level of prices of control,” is a good thing for us.  When monetary policies fail, it creates inflation.   IMO, this economist is simply telling us that the CBI is running out of time.
______________________________________________________________

Poppy3 - …REPORTED FROM THE GREEN ZONE ON TUESDAY THE PEOPLE THERE ARE THINKING IT [RATE] WILL BE VERY CLOSE TO KUWAIT.  I CAN’T SEE HOW IT COULD…BE MUCH LOWER AND FUND ALL THE BUDGET AND PAY ALL THEIR DEBT MUCH LESS REBUILD ANY INFRASTRUCTURE.
______________________________________________________________

My Ladies - I USUALLY DO NOT LIKE TO GIVE TIME LINES OR POINT OUT SPECIFIC EVENTS BUT I HAVE BEEN WATCHING SOMETHING.  LAST WEEK THIS NEWS ARTICLE CAME OUT  “The advisory board determines Moaadaloda implementation of private sector strategy mechanisms“  …SO WE KNOW DEFINITIVELY THEY WILL BE ACTIVATING THE PRIVATE SECTOR ON WEDNESDAY…BUT THEN TONIGHT THIS CAME OUT  “Saturday .. Conference to activate the partnership between the public and private sectors“  AND IT SPEAKS TO TOMORROW [SATURDAY] STARTING THE PROCESS FOR WEDNESDAY.  SO NOW SEEING IT TWICE AND KNOWING THE UNITED NATIONS WILL BE THERE WEDNESDAY SPEAKS TO THE DATE NOT GETTING SWITCHED.  LET’S SEE HOW THIS PLAYS OUT AND WHAT HAPPENS TOMORROW FOR STARTERS.  THE MECHANISM FOR THE PRIVATE SECTOR BEING READY IS SORT OF A BIG DEAL AND THE ACTIVATION OF THE PRIVATE SECTOR ON WEDNESDAY SPEAKS VOLUMES AND TAKES US VERY CLOSE TO A CURTAIN CALL. AFTER THE CONFERENCE TOMORROW WE SHOULD KNOW MORE.  OK NOW HERE IS SOMETHING ELSE, THE MECHANISM FOR THE CENTRAL BANK TO BE ABLE TO DETERMINE THE TAX AUTOMATICALLY IS IN PLACE NOW…
______________________________________________________________

sczin11- IF TRUE, THIS WOULD BE NICE…SUGGESTING THAT THE CBI WILL BE FUNDING BUDGET IN A FEW DAYS…

Parliamentary Finance announces the launch of “grades and functional for all ministries.”

Parliamentary Finance Committee announced on Friday, near the starting point for ministries and local government allocations in the current year budget and grades and in the form of payments. The committee member said Majida al-Tamimi said,

“the steps that follow the parliament’s ratification of the budget is the Presidency of the Republic authentication and then published in the Journal of the facts, and both of them have been completed and the remaining is launching allocations by the Ministry of Finance.

It added that the “functional assignments and grades

will be launched in a few days and be in the form of payments due…

http://www.dinarupdates.com/showthread.php?15227-quot-The-Dinar-Daily-quot-Saturday-14-March-2015&p=100779&viewfull=1#post100779
______________________________________________________________

tlm724 - I’ll tell ya straight up, no one is stopping it! The CBI gave the green light, Ali Alak told us he needed 6 six [laws?] done to move to a free market economy, most importantly the 2 banks laws, once in place and the electronic link is fully connected then I believe he will move forward...then I think he will be ready to show the real value of the dinar and I don’t mean 1166 either.   I don’t think the CBI is hiding anything from us, they seem to tell us as each step is taken.
______________________________________________________________

Millionday - [To the best of your knowledge, at this point in time, what "has" to be done before rate change?]   WE CAN FOLLOW WHAT THEY ARE DOING TO ENTER A MARKET ECONOMY AND KNOW THROUGH WORLD ECONOMICS AND FAIR TRADE THAT THEY WILL SET PRICES THAT CARRY A VALUE FOR ALL THEY HAVE AND THEIR CURRENCY – A MARKET ECONOMY — I KNOW WE HAVE SEEN HUGE PROGRESS – NO ONE CAN TELL YOU A DATE BUT CBI HAS STATED THEY ARE READY AND HAVE GOTTEN THE GREEN LIGHT TO MOVE FORWARD.
______________________________________________________________

tman23 - Article quote:  “Said the Iraqi National Business Council, on Friday, new mechanisms central bank capable of creating a banking market in Iraq has supported economic activity, indicating that the banks will take over the work of the taxes levied in accordance with the pricing and detailed tables furnished by the Customs and Excise.”   IMO, from what is taking place in different sectors…and the delays with explanations that are not being truthful…We are going to see with in the next 18 days MAX…EXPLODE or IMPLODE (regarding Iraq economy and monetary reform).
______________________________________________________________

Parliamentary Finance: coming days will witness a decline in the dollar exchange rate

BAGHDAD / Baghdadi News / … attributed member of the Finance Committee parliamentary deputy Masood Haider, Saturday, stronger US dollar against the Iraqi dinar to the steps taken by the Central Bank of Iraq to stop money laundering and smuggling of foreign currency…

…Haider pointed out that “the decision is excellent and will help stop the hard currency smuggling and money laundering in Iraq,” adding that “the exchange rate will not rise from the end cap Al1280 dinar against the dollar,” expected “to decline in the coming days after the stability of the market situation.” Ended 21 / l

http://www.dinarupdates.com/showthread.php?15227-quot-The-Dinar-Daily-quot-Saturday-14-March-2015&p=100781&viewfull=1#post100781
______________________________________________________________

Poppy3 - CBI IS READY BUT THEY HAVE TO HAVE THE SUPPORT FROM THE GOI SO THEY CAN OPERATE. EXPECTING IN THE NEXT 10 DAYS OR LESS TO SEE SOME COMPLETION AND MOVEMENT TO THE MARKET RATE ALL OF US ARE WAITING.
______________________________________________________________

tlm724 - Article:  “Abdul-Mahdi: the enemies of Baghdad and Erbil agreement on the rise and should be the age of the oil law“  Abdul-Mahdi is the minister of oil, he  knows it’s time for the HCL Quote:  “that “enemies” of the oil agreement between Baghdad and Erbil on the rise, stressing the need to enact an oil law to overcome the crisis.”   …get the law enacted and it will put a stop to most of the BS surrounding it.  …this is a diff source: Quote: ”there must be a law establishing the relationship between the province and the central government and the provinces and the central government to get rid of random personal interpretations, and high and low level of demands for each hand.“   so they need it not only for the Kurds and Baghdad but for all the oil producing provinces so there is no question as to the rules.
______________________________________________________________

Poppy3 - WHEN THEY RAISE THE RATE THEN AND ONLY THEN WILL PEOPLE EXCHANGE THEIR THREE ZERO DINAR AND THAT REMOVES THE 3 ZERO FROM CIRCULATIONREMOVING THE THREE ZEROS DON’T MAKE IT A 25 DOLLAR NOTE.  IT JUST MEANS THE THREE ZERO NOTE HAVE BEEN REMOVED FROM CIRCULATION.
______________________________________________________________

Economist: “prosperity is coming” to Iraqis

Economic expert confirmed peace Sumaisem, on Thursday, said that Iraq will invest a broad movement after the liberation of the provinces controlled by the organization “Daash.” Sumaisem said,“The stable climates in security, political considered attractive for investment, and this is what the Iraqi climate will attest after the liberation of the areas controlled by the organization” Daash “, at the hands of the security forces and the popular crowd.”

She added that “currently hot are the other provinces also will see significant investment opportunities, especially as they need to reconstruction,” noting that “foreign companies will compete to invest in Iraq as being very important for those companies.” …

http://www.dinarupdates.com/showthread.php?15223-quot-The-Dinar-Daily-quot-Friday-13-March-2015&p=100706&viewfull=1#post100706
______________________________________________________________

tman23 - Fact…Monday the 16th the 3 Presidents are scheduled to meet…Abadi, Jabouri, and Masoum…It is also being said that the Kurdistan region will begin receiving their full share of the 2015 Budget as voted to law starting April 1st…IMO…I believe from news and what is happening on the streets regarding the economy…that after Saturdays Conference and Mondays Presidential meeting…then Tuesday’s CoM meeting… I believe we are about to see the directives to the Ministers on Tuesday that will be to implement the 2015 budget and open the economy..
______________________________________________________________

My Ladies & Nova - …THERE ARE NO DELIBERATE DELAYS…  THE PRIORITY FOR IRAQ RIGHT NOW IS THEIR BATTLE AGAINST ISIS. ABADI HAS UNITED MOST OF THE MIDDLE EAST AND EVERYONE IS WORKING TOGETHER TO RID THE REGION OF ISIS. …THERE ARE SO MANY IMPORTANT LAWS THAT NEED TO BE DONE BUT PARLIAMENT HAS NOT BEEN DOING A READING ON ANY OF THEM IN THE PAST FEW SESSIONS, MANY OF THESE LAWS REQUIRE FUNDS AND THAT SOMETHING IRAQ IS LACKING IN THESE DAYS.  THE CBI CAME OUT YESTERDAY AND SAID THERE ARE MANY BANKING LAWS THAT NEED TO BE REDONE AND THEY WOULD PUT THEM IN PLACE ACCORDING TO INTERNATIONAL BANKING LAWS AND NONE OF THESE LAWS PERTAINING TO BANKING WILL BE READ IN PARLIAMENT AS THEY HAVE NOTHING TO DO WITH THE GOI.

THIS IS ALL NORMAL PROCEDURES AND WE ARE GLAD TO SEE THIS ACTION BECAUSE IT SIGNALS THE CBI IS GETTING READY TO BE ON PAR WITH ALL THE OTHER CENTRAL BANKS OF THE WORLD AND ARE FOLLOWING INTERNATIONAL PRACTICES.  THINGS ARE ABOUT TO CHANGE AND THEY ARE BEGINNING TO IMPLEMENT THE LAWS THAT ALL CENTRAL BANKS FOLLOW. THE TRAINING WHEELS ARE COMING OFF THE CBI AND THEY WILL BE INDEPENDENT OF THE GOI IN NO TIME.  THIS WILL ALL BE OVER SOON.
______________________________________________________________

Peshmerga continue Kirkuk push after evicting ISIS from strategic oilfields

KIRKUK, Kurdistan Region – Kurdish Peshmerga forces re-launched offensives against Islamic State (ISIS) militants in oil-rich Kirkuk on Friday, capturing villages that fleeing fighters abandoned with little or no resistance in the Bashir sub-district.

ISIS abandoned the village of Morara and Peshmerga forces were in hot pursuit to capture the militants, said a Rudaw reporter on the scene…

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

Jester - I DO NOT BELIEVE THE US IS HOLDING IT UP RIGHT NOW… BELIEVE IRAQ HAS A FEW THINGS GOING ON.  SEEMS AS IF IRAQ IS THE HOLD UP RIGHT NOW… AND MAYBE ON PURPOSE… HARD TO DECIPHER THE NEWS OF WHAT IS REALLY GOING ON…
______________________________________________________________

OOTW - WHEN WE SEE THAT THE DEPOSITOR’S LAW IS IN FORCE, AND WHICH, BTW, COULD BE AMENDED TO /WITHIN ANY/EITHER OF THE BANKING ACTS, AND IT INCLUDES PROTECTING INVESTORS IN EVERY REGARD…WE’RE ON OUR WAY… AND ANYONE WHO KNOWS ME, KNOWS I DO NOT RIDE THE “THIS THING’S ABOUT TO POP ANY MINUTE” TRAIN…
______________________________________________________________

tman23 - The 10th, 11th, and today the 12th it is being reported that payments have slowed and some who are at ports to collect $$$ using their cards are being told to check back…equipment is not connecting with data…This is 3 days now…Consider the 3 days that they stopped oil flow to Ceyhan to audit the meters…and consider the rumor of the southern fields that were also being cut…Then consider the vendors in the streets and local businesses that are saying that in another month they will be out of business…The streets are empty as no one has $$$$…These are facts…We can speculate but it does not appear time for delay is on their side.
______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

Poppy3 - WE ARE WAITING ON THE 16 MAJOR BANKING LAWS THAT WILL PROTECT THE INVESTORS OF MAJOR CORPORATION SO THE 86 OF THEM CAN BE SAFE ON INVESTING. LIKE FORD MOTOR CO WANTS TO BUILD A MANUFACTORY THERE.  HCL IS ONLY A PART OF THE ITEMS THAT NEED VOTING INTO LAW. THEY ARE SAID TO HAVE AGREEMENT ON ALL BUT TWO NEW AMENDMENTS AND COMPLETION OF THE HCL AGREEMENTS. All are to be back IN PARLIAMENT THIS WEEK AND PRESENTED EARLY NEXT WEEK FOR READING AND VOTING. ACCORDING TO WASHINGTON THE GOI AND CBI ARE IN THE FINAL PHASES OF FINANCIAL REFORM AND CURRENCY REFORM.
______________________________________________________________

Administrator Bob - This Saturday in Iraq will be an intergovernmental conference discussing the executive procedures for the initiative to activate the partnership between the public and private sectors - this is a significant event.
______________________________________________________________

Dinar Afternoon Drive Call!!

w/BGG –  from Thurs 3/12 (pm)

Click on the banner in the upper right corner

Smart phone user link – Click here

______________________________________________________________

Kaperoni - We have told people over and over..that this is not an overnight event  or RV…Its a gradual appreciation via float and it will take at least 2 years to accomplish the goal of deleting the zeros once they start. …the sooner they get all these laws, agreements, and decisions done, the sooner investment can start. When investment comes into Iraq, it will cause the dinar to rise.
______________________________________________________________

Aggiedad77 - Article:  “Keywords: cash sales dollar continuously .. no ceilings on the withdrawal of funds“ The CBI has been reported to have given the green light on deleting the 000′s….as well as creating new mechanisms to be used in trading the USD….claims that stopping the auctions have proven to stop the smuggling of currency out of the country….and that some see a strengthening of the IQD at this time…The governor of the CBI stated that the mechanisms they have currently chosen to follow help to eliminate money laundering and at the same time work towards maintaining a market economy for Iraq…. meanwhile the CBI is working to support the private banking industry by pushing Parliament for guarantees of deposits for the banks….stating that the Bank is working on a new deposit law that will be presented to Parliament in the next few days…he does touch on the 000′s project stating that it is not off the table that it is being studied carefully because its implementation will be a serious endeavor for them.
______________________________________________________________

tman23 - I was told…The counters were shut down along with oil flow to Kirkut for 3 days to do audit and inventory and final readings…I was also told that April the Kurds will receive the full 17% of the 2015 Budget…I was told that contractors in Kurdistan were promised without delay payments second week of April…  I hold back sharing such as I read different media articles that elude to different scenarios…but take note that when I’m told it has usually happened just as said.   That is why I say we could see a rate change any day…especially since the streets are drying up form a recession moving in AND inflation beginning to creep up also.
______________________________________________________________

President Barzani: Kurdish independence delayed, not abandoned 

WASHINGTON DC – Kurdistan Region President Massoud Barzani told the American PBS television that the war with Islamic State (ISIS) has only delayed the Kurdish bid for independence, a goal he vowed the Kurds would pursue to the end.

In the wide-ranging interview that also touched on the fight for Mosul and captured Peshmerga fighters, the president also reiterated a call for more and better weapons to confront ISIS and said Erbil had no problem with Iranian involvement in the fighting.

Asked about Kurdish aspirations of independence, he said there would be no “retreat from it,” but that the process would be peaceful…

http://www.dinarupdates.com/showthread.php?15220-quot-The-Dinar-Daily-quot-Thursday-12-March-2015&p=100531&viewfull=1#post100531
______________________________________________________________

Mailman17 - NOT ONLY DO WE NOW HAVE THE PARLIAMENTARY FINANCE SCREAMING FOR THE RATE CHANGE BUT ALSO THE BANKS SCREAMING THEY ARE LOW ON FUNDS.  THE IRAQ ECONOMY NEEDS THIS PLAN ACTIVATED ASAP. THE BANKS ARE GETTING AND TURNING IN MOST EVERY DINAR THEY COLLECT OFF THE STREETS AND IN EXCHANGE THEY ARE GIVEN US DOLLARS. THAT DOES NOTHING FOR A BANK TO DO DAILY BUSINESS…THEY NEED THE CURRENCY OF THEIR OWN COUNTRY. THE BANKS ARE TURNING IN THEIR DINAR AT 1166 AND IN EXCHANGE GET 1 US DOLLAR.  SO NOW WHAT ARE THE BANKS GONNA DO WITH ALL THAT US DOUGH?   HERES SOME FOOD FOR THOUGHT…

THE BANKS TURN IN EVERY DINAR THEY OBTAIN IN EXCHANGE FOR U.S. AT 1166.  NOW, THE CBI ASSUMES THEY HAVE THE STREETS CLEAN OF IRAQI CURRENCY. …LETS ASSUME EVERY INDIVIDUAL BANK NOW HOLDS 50 MILLION US IN EXCHANGE FOR 50 BILLION DINAR (ESTIMATED). NOW THE RATE CHANGE OCCURS AND THE COUNTRY IS NOW OFFICIALLY DE-DOLLARIZED. THE BANKS NOW NEED DINAR IN THEIR VAULTS FOR RESERVE AND DAILY EXPENDITURES. LETS SAY THE RATE IS 3 BUCKS. THE BANKS NOW TURN THE U.S. OVER BACK TO THE CBI FOR…READY…DRUM ROLL…16,666,66 DINAR.   NOW WE KNOW THEY WONT GET ALL THAT IN SMALLS…BUT THEY WILL GET SOME…WITH THE REMAINING BEING ON THE BOOKS AS CREDIT.  NOW HERE COME THE LOANS FOR BUSINESSES AND INFRASTRUCTURE…ALL DONE WITH NUMBERS ON PAPER AND NOT PHYSICAL CURRENCY

THE BANKS WILL HAVE JUST ENOUGH TO DO DAILY TRANSACTIONS BUT ANYTHING BIG WILL BE DONE IN VIRTUAL CURRENCY JUST LIKE HERE.   AND THE PEOPLE WILL GET WHAT THEY WERE PROMISED…PURCHASING POWER.  ENTER THE Q-CARDS, PAYROLL, RETIREMENT, ETC. ALL DONE ON A CARD. JUST FOOD FOR THOUGHT AS TO HOW THIS MAY HAVE BEEN PLANNED ON GOING DOWN…I MIGHT BE WRONG BUT IT DOES RAISE AN EYEBROW OR 2 AS TO HOW THEY INTEND TO GO FORWARD WITH ALL REFORMS PLANNED…JMO.  I MUST REITERATE THAT IRAQ IS AND NEVER WAS WORRIED ABOUT THE DINAR OUTSIDE THEIR COUNTRY. THAT DINAR HAS A PLAN AND ALWAYS WAS TO BE PUT FOR OUTSIDE COUNTRIES RESERVES. HOW THAT EVENTUALLY FILTERS BACK TO IRAQ IS ANY ONES GUESS, BUT A REVALUED DINAR IS A GLOBAL LIFESAVER TO ALL ECONOMIES.  AND YES…ME AND YOU AS WELL. BUT WE WERE ALWAYS GUPPIES IN THIS FISH POND FROM THE START. THATS OK THOUGH…WE WILL BE RICH GUPPIES..JMO.
______________________________________________________________

tman23 - Article quote: “This is a decision taken by the Central Bank of Iraq, which represented by Mr. conservative relationship greatly influenced and the evidence now talking of the means of streets, a one way street in which a beautiful job now become almost empty as a result of the rise of the dollar.“  The streets are saying the rise of the dollar is KILLING BUSINESS… THE PAYING FOR IMPORTS ARE KILLING THE PRICE IN THE STREETS…THEY NEED PURCHASING POWER NOW…AND THE ONLY WAY IS TO RAISE THE VALUE OF THE DINAR.
______________________________________________________________

Millionday - [how do we go from...having to get er done...and then today Abadi telling people to be patient. Either they need to get it done or they don't . Asking for patience says we still have a ways to go and no urgency...  How many times do you have to say implementation and not implement?]  I DO AGREE — AN INTERNATIONAL RATE WOULD MAKE PEOPLE FEEL MUCH MORE CONFIDENT…HE [ABADI]  IS SAYING JUST BECAUSE IT IS NOT TODAY DOES NOT MEAN THAT IT IS NOT COMING – THERE IS NO DATE GIVEN –I THINK THIS IS GREAT WHAT ABADI IS SAYING AND AM VERY EXCITED OVER IT – HE IS SAYING THAT THE ECONOMIC REFORM IS COMING.
______________________________________________________________

Iraqi troops clash with ISIS in Iraq’s Tikrit

TIKRIT, Iraq — Rockets and mortars echoed across Saddam Hussein’s hometown of Tikrit on Thursday as Iraqi security forces clashed with Islamic State militants a day after sweeping into the Sunni city north of Baghdad.

Recapturing Tikrit is seen as a key step toward rolling back the extremist group, which seized much of northern and western Iraq last summer and controls about a third of Iraq and Syria.

Iraqi troops and allied Shiite militiamen entered Tikrit for the first time Wednesday from the north and south. The head of the military operation told The Associated Press on Thursday that troops would launch phase two of the offensive later in the day as they try to reach the city center. The militants were trying to repel security forces with snipers, suicide car bombs, heavy machine guns and mortars, he said, speaking anonymously as he was not authorized to brief the media…

http://www.dinarupdates.com/showthread.php?15220-quot-The-Dinar-Daily-quot-Thursday-12-March-2015&p=100544&viewfull=1#post100544
______________________________________________________________

OOTW - RECENT TARIFF ARTICLE ALSO QUOTING A “SOURCE” AND STATES THAT IT “HOPES” THE FINANCE COMMITTEE ALONG WITH THE CBI WILL RECONSIDER THE IMPOSING OF TARIFF’S BECAUSE OF THE LOW CURRENCY/PURCHASING POWER. THIS IS A PLEA FOR MORE PURCHASING POWER!!
______________________________________________________________

Poppy3 - I WAS TOLD LAST WEEK THERE ARE NOW 86 MAJOR CORPORATIONS FROM AROUND THE WORLD WAITING TO INVEST IN IRAQ.  EVEN HEARD FORD MOTOR COMPANY WANTS TO BUILD A MANUFACTURING PLANT THERE.  THEY ARE ALL ON HOLD TILL BANKING LAWS ARE IN PLACE TO PROTECT THEIR DOLLAR INVESTMENT. THIS IS THE BIG REASON THEY KEEP TALKING ABOUT DRAWING THE INVESTORS IN TO IRAQ. IT PUTS EVERYTHING IN  PERSPECTIVE ABOUT WHY THE PUSH TO GET THINGS IN PLACE.  ALSO TIES INTO THEM GETTING THE MAJOR OPERATING LOANS IN PLACE.
______________________________________________________________

Kaperoni - Article quote:  “Alaa al-Tai  kicks off next Saturday acts Intergovernmental Conference to discuss the executive procedures for the initiative to activate the partnership between the public and private sectors, in order to proceed with the implementation of the strategy recently launched by the government to support the economic reality in the country.“  I don’t want to get overly excited, but this follow up conference to the one held last month by Abadi is making sure the directives are being implemented. Saleh says..they will launch the recommendations (from the previous conference) which includes executive measures. IMO, knowing how significant the currency is to the market economy this conference could set the stage for the beginning of the float or at least the procedures to get it started. We may be very close.
______________________________________________________________

Urgent ..daash raise white flags out of Ramadi after surround

b_233_189_16777215_0 ___ images_idoblog_upload_88_u_524.jpg

A security source in Anbar province, said on Wednesday that the terrorist gangs Daash raised white flags and requests through negotiation out of Ramadi after the siege and the attacks of Tardah.

The source told all of Iraq [where] that “the request Daash negotiation comes after the escape of the most prominent leaders and left their seducer likely to be killed by the security forces,”…

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

BGG - if they don’t do something with the purchasing power - it is likely they will pull back on the tariffs (or need to)…which is a dead give-away as to what was/is intended to be happening right now.
______________________________________________________________

Millionday - Article quote:  “He denied the Iraqi Central Bank, last week reduced its reserves of hard currency (the dollar), indicating that it covers the Iraqi currency traded at more than one and half times the size, without setting a specific value of the reserve.”    AS WE SEE ONCE AGAIN IT IS 150% OF THE DINAR VALUE THAT THE RESERVES ARE AT BUT — THE MOST INTERESTING PART IS THAT THE AMOUNT HAS NOT BEEN RELEASED DUE TO THE EASY CALCULATION THAT WOULD PROVIDE OBVIOUSLY.
______________________________________________________________

Adam Montana - I’ll just get to the point immediately - We are, as we have for the past few weeks, on an HCL watch. We had two potential scenarios – A: Parliament slammed it on the books and we blazed right into an RV and we all scrambled.  B: They don’t do A.  Obviously they chose option B.  The only way I’d be getting discouraged is if there was backwards or negative progress…and that’s not the case.  March 9th 2 more points in the HCL passed Parliament.  March 10th 5 more were approved. 2 more were slated for today if I’m not mistaken, and also if my information is accurate there is a total of 16 items to get through…They *could* do all 9 (?) by tomorrow, which would be absolutely AMAZING! My gut feeling, however, is that this will drag out to next week… sorry to everyone hoping that Friday was “payday”.  I’ll eat a whole table full of crow pie if I’m wrong, with a huge smile on my face! That’s just my opinion, nothing more.  So, where are we right now? That’s easy – we’re sitting on the sidelines, watching our team march towards the goal, steady and sure. That’s a pretty good feeling if you ask me!
______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

Millionday - Article quote:  “it has to be from the central bank to take swift action to restore the dinar exchange and save it from degradation rate.“   THEY ARE SAYING THAT THE POSITION THEY ARE IN RIGHT NOW REQUIRES THAT THE CBI MOVES FORWARD AND WITH A HUGE RUSH TO RESTORE THE DINAR EXCHANGE RATE FOR IRAQ.  SO THEY ARE SAYING (PARLIAMENT ECONOMY) THAT THEY ARE READY FOR CBI TO MOVE RIGHT NOW AND PUT IN THE EXCHANGE RATE AS CALCULATED — PARLIAMENT IS STATING IT IS TIME TO RESTORE THE DINAR EXCHANGE RATE AND IN A HURRY TO SAVE THE IRAQI ECONOMY, MARKET, AND THE PLAN THAT HAS BEEN PUT IN PLACE FOR ALL AGREEMENTS AND ALL TRADE — THEY HAVE STATED THAT THEY WANT IT TO BE DONE URGENTLY – SO VERY FAST ACCORDING TO WHAT I HAVE READ.
______________________________________________________________

Kaperoni - Article:  “Dr. Salam smeisim *: the financial market and the Iraqi dinar and the economy“  Quote: “The stock market “, according to the laws of market economy” requires a set of procedures to do its part, and these actions:  1. move the interest rates banks according to the size of the stocks and other securities on the market,  2. freedom of foreign exchange input and output,  3 and floating exchange rate of the national currency,“    Floating the dinar is coming.  Enorrste is so right…the first two are done.  The question is going to be at what point do they flip to the new exchange rate regime.  
______________________________________________________________

Frank26 - Jurisdiction of Complaint:  Defendant “Nouri Kamel Al Maliki” assumed the post of Prime Minister of theCouncil of Ministers and Commander-in-Chief of the Armed Forces of Iraq between the years 2006-thru-2014, and during the period of his governance committed numerous of egregious violations and crimes…“  (the charges against Maliki) This spells SECURITY for everyone who has an interest in the middle-east.  IMO – This will expedite the monetary reform. The bad guys wanted to steal the money. M [Maliki] and his buddies tried to do it.  This puts the Monetary Reform on the fast-track!
______________________________________________________________

Enorrste - Article:  “Dr. Salam smeisim *: the financial market and the Iraqi dinar and the economy“   Quote:  “The stock market “, according to the laws of market economy” requires a set of procedures to do its part, and these actions:  1. move the interest rates banks according to the size of the stocks and other securities on the market,  2. freedom of foreign exchange input and output,  3 and floating exchange rate of the national currency,”   What is really nice is that she lists three things, the first two of which have already occurred.  This means we are only waiting for the float to be announced.  Number two was activated on Sunday, so we are definitely in Allaq’s “green light” zone.
______________________________________________________________

Millionday - EVERY TIME THE OIL AND GAS LAW (hcl) HAS BEEN SENT TO PARLIAMENT IT HAS BEEN SENT BACK FOR A CHANGE TO BE MADE RIGHT AWAY — UNTIL NOW-–NO NEW STUDY HAS BEEN ANNOUNCED YET FOR THIS TIME.  RIGHT NOW IT IS EXPECTED TO BE READ TWICE AND VOTED THROUGH DUE TO THE AGREEMENTS AND TIME SPENT THIS TIME…THIS IS GREAT NEWS…PROGRESS IT APPEARS THAT WE HAVE HOPED TO SEE.  [is the bill in parliament now to be read and approved?]  YES IT IS ACCORDING TO THE REPORTS I HAVE READ — IT IS FINALLY THERE AND READY FOR THE STEPS TO LAW –  THE WAY I UNDERSTAND IS THAT THE FINANCIAL PART OF THE LAW IS DONE DUE TO THE BUDGET BEING DONE…THEY DO NOT EXPECT IT TO BE RETURNED AND THEY HAVE ANNOUNCED THAT THEY AGREE ON BOTH SIDES ON ALL ISSUES TO DO WITH HCL…
______________________________________________________________

Parliamentary economy calls for the central bank to take measures to save the dinar 

BAGHDAD / JD / .. of the economic and investment commission parliamentary warned of the continuing decline in the exchange rate of the dinar against the dollar, while the central bank has demanded to take swift action to save the Iraqi dinar.

Said committee member Rep. Najiba Najib told / BD /: that the dollar exchange rate on the rise abruptly during the current period against the dinar, and this is due to the security and economic situation is settled, as well as a decline in global oil prices…

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

Breitling - No body knows why the CBI took the announcement down. (It’s back up so it’s official)  They are retiring the 50 dinar note that’s going to help reduce the note count and because no body uses the 50 dinar note.  As far as our investment is concerned it’s…either they are going to float it from this rate on up [1166] or they are going to revalue it to a higher number and float up from THAT number.  How long will it take?  No body knows.  It’s hard to figure out what pace they are going to do it…When they go through the process it’s going to take 2 or 3 years…that’s the only time from a the CBI has given.

______________________________________________________________

BGG - [so it looks like we are waiting on HCL?]  IMHO – no. We may be waiting – but not on that. Further, while I think it excellent news they are even talking about a comprehensive HCL – I doubt it is the “lynch-pin” for an RV.
______________________________________________________________

Frank26 - Excitement was in the air for last Sunday…but no one was paid on Sunday.  They said they were going to start remittance. What happened? The HCL is in the budget…that’s why there was no remittance on Sunday.  We knew it was going to take a few weeks for them to show it to you.  The CBI knows that without auctions…inflation is growing in Iraq…and the only way to combat that is to RAISE THEIR CURRENCY!  GOI has never felt as if they wanted a low rate…but the CBI does.  Iraq is ready to show the world the VALUE of their currency! The rate MUST be worthy of what their country holds.  They want it to be a TRUE MARKET VALUE…based on their assets.   Pay attention to time from now thru 3/17/15…It is coming…just at their own time and speed.
______________________________________________________________

sczin11 OPINION PIECE-

I HAVE STATED MANY TIMES, THE QUESTIONS AROUND HOW WE WILL KNOW, WHEN THE INCREASE OF THE DINAR VALUE OCCURRED…I HAVE QUESTIONED MUCH OF THE SIGNIFICANTLY IMPORTANT EVENT OCCURRENCES, LIKE THE IMPLEMENTATION OF THE TARIFFS, THE STOPPING OF THE AUCTIONS, THE CLAIMS THAT DOLLAR SALES HAVE CONTINUED THROUGH OTHER MECHANISMS, THE USE OF REMITTANCES, AND MORE, TO THE EXTENT OF THE MEDIA COVERAGE AND ANALYSIS LEADING UP TO THE DATE OF EACH RESPECTIVE EVENT, AND THEN NOTHING AFTER IT SUPPOSEDLY HAPPENED…NO PROOF OR VERIFICATION RELEASES…NOTHING TO CONTINUE OUR ENCOURAGEMENT LEVELS…WE WONDER OUT LOUD, DID THIS HAPPEN, DID THAT HAPPEN, IF SO, HOW? What if THESE WERE ALL STEPS IN THE MR PROCESS? WHAT IF WE ARE NOT SUPPOSED TO WITNESS VISUAL EFFECTS? DO OUR BOSSES SEND MEDIA ANNOUNCEMENTS WHEN PAYROLL IS MADE? (see the rest at…)

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

Poppy3 - WAS TOLD TODAY [MONDAY] FROM BAGDAD THAT AGREEMENT ON TWO OF THE AMENDMENTS TO THE HCL WAS REACHED AND THEY EXPECT IT WILL BE BACK AT PARLIAMENT IN THE NEXT COUPLE DAYS.  …THERE ARE ZERO GUARANTEE THAT THEY WILL PASS IT THIS TIME LIKE THE LAST 6 TIMES THEY HAVE HAD IT.  ALL WE CAN BE SURE OF IS THEY ARE TRYING TO REACH SOLID AGREEMENTS.
______________________________________________________________

Aggiedad77 - …a couple of article(s)…speak to an auction that the CBI held today [Monday] …this auction is nothing like the daily auctions they stopped on 2/20/15…they are not starting up again…this auction has been a periodic thing for them for a number of years, more like bond auctions…good for typically 91 days to maturity I believe…no need for excitement here.
______________________________________________________________

Millionday - MARCH 8TH IS THE DATE OF THE BEGINNING OF THE REMITTANCE SYSTEM – A REMITTANCE SYSTEM IS THE SYSTEM THAT ALLOWS A COUNTRY TO SEND AND RECEIVE FUNDS FROM ALL OTHER COUNTRIES – THAT WOULD BE THROUGH INTERNATIONAL BANKS AND ALSO MONEY TRANSFER COMPANIES IN AND OUT OF THE COUNTRY – ALL THROUGH WIRE.  [how can they do that without a real rate?]  THAT WOULD BE WHY EVERYONE IS VERY EXCITED — THIS WOULD REQUIRE INTERNATIONAL COMPLIANCE — AND THIS LEADS US ALL TO BELIEVE IT ALSO SHOULD LOGICALLY REQUIRE INTERNATIONALLY RECOGNIZED CURRENCY — SO WE ARE HOPEFUL THAT IT DOES.  [did they begin the remittance...?] THEY HAVE REPORTED THAT THEY HAVE BEGUN THE SYSTEM.   [I guess the rate has not changed?]  IT DOES NOT APPEAR THAT ANY RATES HAVE BEEN CHANGED AT THIS TIME.
______________________________________________________________

Dinar Afternoon Drive Call!!

w/BGG –  from Tues 3/10 (pm)

Click on the banner in the upper right corner

Smart phone user link – Click here

______________________________________________________________

Chattels - Article:  ”Parliamentary Energy: There is no bill for oil and gas in the House of Representatives“   EVEN IF THE OIL AND GAS LEGISLATION / HYDROCARBON LAW IS ” IN ” PARLIAMENT THIS WEEK AND ASSUMING THAT THE “INTENSIVE DIALOGUE” IS SUCCESSFUL IN ATTAINING A CONSENSUS THEREON, THERE IS NOT ENOUGH TIME IN A WEEK, AND ESPECIALLY A FOUR DAY WORK WEEK AS THIS IS TUESDAY ALREADY, TO ACCOMPLISH TWO READINGS AND ALLOW FOR THE FOUR DAYS ADVANCE SCHEDULING FOR A VOTE.
______________________________________________________________

Kaperoni - Article quote:  “preparations for this process began, but will not end, and it will take some years to come long…”the fact that the process will raise the exchange of currency and improve its value in the domestic and global market“    [It still looks like we are a way off the RV.]   there is no overnight RV.  the float or unpegging of the dinar to the dollar will allow the dinar to rise gradually over time as investment flows into Iraq.  As stated already by the CBI they expect this process to take at least 2 years or more to complete.  This is not an overnight event.

______________________________________________________________

sczin11 - …IRAQ CAN SURVIVE, HAVE SURVIVED, AND CAN CONTINUE TO SURVIVE, USING THE US DOLLAR, KEEPING THE POOR , POOR…AND THE WEALTHY, RICH…SURE THEY CAN…THE NEW IRAQ, IS NOT LOOKING FOR ANY OF THE ABOVE, TO BE THE WAY OF THEIR COUNTRY…BECAUSE THE NEW IRAQ, WANTS A SOVEREIGN DEMOCRACY, USING THE DINAR, THE NEW IRAQI DINAR, AS THEIR SOLE CURRENCY… BECAUSE THEY WANT COMPLETE CONTROL OF THEIR FUTURE…BECAUSE THEY HAVE PRIDE, POWER, AND THE GOODS TO WALK THE WALK, AND TALK THE TALK, THEY ARE READY TO PUT THEIR MONEY WHERE THEIR MOUTHS HAVE BEEN, AND SHOW THE WORLD, THEY ARE A FORCE TO BE RECKONED WITH…AND AS GOVERNOR TURKI STATED, ON MAY 2, 2014… THEY CAN SUPPORT THE VALUE OF THE DINAR, TO THE ROOF!!!

______________________________________________________________

Millionday - THE HCL WILL BE IN PARLIAMENT THIS WEEK TO BE PASSED AND FINISHED.   I THINK IT IS GREAT – HCL TO BE LAW THIS WEEK OR AT LEAST PLANNED TO BE AND ONLY TWO ISSUES LEFT… IT APPEARS THE CHANGES WERE TO DO WITH IMPORTS — EXCELLENT.  SO THE ISSUES OF CONTENTION WILL CONTINUE TO BE DISCUSSED TOMORROW — AND ARE VERY SMALL AS FAR AS THAT GOES… AND ARE ON THE BRINK OF COMPLETION — WHOOOOPOW…THE HCL IS IN BETTER SHAPE NOW THEN EVER…GREAT NEWS.   THEY HAVE ANNOUNCED FROM CBI THAT THEY HAVE THE GREEN LIGHT SO NOW WE ARE WATCHING THE STEPS AS THEY TAKE THEM.

______________________________________________________________

Formal Charges Against Maliki!!


Full text of formal charges…

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

Aggiedad77 - Article: ”Parliamentary oil: the draft oil law is still with the government“    …the HCL is still sitting in the laps of the COM…has not been made law…not yet anyway…Parliament still has to read it twice and do a vote…but it is coming baby.
______________________________________________________________

EXOGEN - [MARKET ACTION looks excellent for the BREAKTHROUGH TONIGHT.]  THE BOTTOM LINE IS NOBODY KNOWS THE DATE AND THE RATE…ALL WE CAN STUDY IS WHAT ARE THE NEXT ITEMS ON THE CHECK LIST THAT ARE REQUIRED TO GET US TO THE FINISH LINE…AND RIGHT NOW THERE IS NO FULLY IMPLEMENTED, ACTIVATED AND EXECUTED HCL, THE MONETARY REFORM IS NOT COMPLETED, AND THERE IS STILL AN ISIS PROBLEM.  [What happened to $3.90 live on all the screens, just waiting on transaction codes?]  UNTIL NUMBERS ON SCREENS SHOW LIVE WITH ACTIVATION OF BUY/SELL WE HAVE NADA.
______________________________________________________________

Millionday - Article quote:  “…it is true that the completion of this project the improvement of payments and to facilitate the circulation of currency, the fact that the process will raise the currency exchange and improve value in the domestic and global market…“   IT SAYS HERE THAT IT IS TRUE THAT THE COMPLETION OF SWITCHING THE CURRENCY AND THE REMOVAL OF THE THREE ZEROS WILL RAISE THE CURRENCY EXCHANGE AND IMPROVE THE VALUE IN THE DOMESTIC AND GLOBAL MARKET — WHOOOPOW.
______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

tman23 - Yesterday Mahdi announced that Saturday was the BEGINNING (THE START)….of decentralization…Think of it as hanging a banner…GRAND OPENING!
______________________________________________________________

Millionday - Article quote:  “…A unified account of all state institutions in order to accrue interest over the central bank, stressing the need to expand the adoption of electronic payment for its importance in controlling liquidity movement.“   SO AS WE SEE HERE — ELECTRONIC BANKING WILL BE USED/NEEDED...THIS MY FRIENDS IS THE BEGINNING OF THE ECONOMIC PLAN THAT WE HAVE BEEN WAITING FOR — HUGE CLUE TO SAY THE LEAST.  THE HUGE REFORMS WE HAVE BEEN WAITING ON ARE NOW EASY TO SEE AND READY TO GO — I AM VERY EXCITED — WHOOOPOW.
______________________________________________________________

Tlar - The physical currency will not be lopped.  Anyone holding physical currency will get the advantage of a new exchange rate.  in otherwords a dinar will always be a dinar...Only the physical currency being in the hands of the people will see an increase in value, just as it will over here…That’s why the CBI has been pulling in the currency as fast as it could.  The currency too will be adjusted but it’s value will be inhanced because of whatever the new rate is.  A dinar will be whatever the exchange rate is up or down.  A dinar is and will always be their currency.  So if it comes out at one to one, a 10,000 dinar note will have a new equivalent value of 10,000 US dollars.
______________________________________________________________

______________________________________________________________

Frank26 - ALL TEAMS reported today … ZERO INTEL.  GOICBI are in one room being protected. They do New Math.  No one knows the Date nor Rate but we do KNOW … No MR advancement this week.  As for what is happening on this SUNDAY … We share tomorrow on MONDAY.  The MR is Good but NOT as advanced as we wish at the moment.
______________________________________________________________

My Ladies - [GURU] NOVA AND I…HAVE SEEN NO EVIDENCE OF THE CENTRAL BANK PAYING OTHER CENTRAL BANKS.  WE ALSO HAVE SEEN NO EVIDENCE OF THE ZEROS BEING DROPPED AND THAT WOULD TRIGGER AN ENTIRE MOVEMENT THAT WOULD NOT BE ABLE TO CONCEAL.  ADDITIONALLY THE CENTRAL BANK AND ALL CENTRAL BANKS ARE TIED IN TOGETHER ON THE SAME SYSTEM AND IF THE DINAR HAD VOLUME IT WOULD BE SEEN ON THE CENTRALS SITE. THE CBI SETS THE RATE AND WOULD HAVE AN INTERACTIVE SCROLLING OF THE MARKETS IF IT WAS GIVEN INTERNATIONAL STATUS.  THIS IS NOT IN OUR OPINION THIS IS FACT.  WE STILL FEEL WE ARE RIGHT ON TRACK AND WE WILL SEE THE MONETARY REFORM VERY VERY SOON.
______________________________________________________________

Kaperoni - (Press release) “A source in the Iraqi Central Bank that banks will start to implement transfers to its customers starting from Sunday , 2015/3/8“  …the CBI posted confirmation…
______________________________________________________________

ISIS in retreat at Khazar front near Erbil 
By RUDAW 

ERBIL, Kurdistan Region- Islamic State militants were repelled in an attack on Peshmerga forces at the Khazar frontline, 30 km from Erbil, a military official told Rudaw.

“ISIS fighters attacked our forces on the Khazar front last night and the fight continued until early morning until ISIS was forced to retreat by the Peshmerga,” Mohammed Karim, deputy commander of the Zrevani forces, told Rudaw on Tuesday.

According to Karim, several ISIS armored vehicles were destroyed while one Peshmerga was killed and another wounded.

Peshmerga forces on Monday retook a number of villages and towns near Kirkuk from ISIS in a major offensive that was reportedly set to continue on Tuesday.

http://www.dinarupdates.com/showthread.php?15212-quot-The-Dinar-Daily-quot-Tuesday-10-March-2015&p=100293&viewfull=1#post100293
______________________________________________________________

wmawhite - IMO…within one act, the CBI tells the banks of Iraq that they have permission to make foreign payments…remittances. The process of sending IQD out of country in order to remit…paying a debt is what changes tomorrow [Sunday]. Let that sink in…up until tomorrow [Sunday] the banks within Iraq that the CBI controls were not permitted to do so.  [They said they gave the green light.]  Yes they did…The CBI has told the banks to start paying the foreign remittances/debts/bills…show me the money!  …they certainly do not what to start sending 1166 IQD out of the country for every 1 USD of debt.  If the CBI wanted 1166 to be an international rate it could do that…however, paying 1166 IQD for every 1 USD of debt…Iraq would be broke in hours because there is not enough IQD to paying at that rate.

There has been a lot of talk recently from the CBI, members of Parliament as well as the Prime Minister about Iraq returning the greatness/strength… With this in mind, I see them using their currency as a statement of power and 1 to 1 just doesn’t get it.  …for those that can not understand the logic of the CBI coming out with a true/realty rate that truly reflect the value of their currency and it being more than 1 to 1…then what is their true value?  Is it 1166 or is it 1000 IQD = 1 USD…of course not!   Is it 1 to 1…of course not! Then what is it? They are the ones telling us “powerful…great” So what is it?  …the CBI, GOI, Parliament and other folks within Iraq are giving us their opinion/intentions of what their currency is valued at.
______________________________________________________________

Millionday - WHERE WE ARE NOW IS VERY INTERESTING – THEY HAVE STATED FROM CBI THAT ON THE 8TH OF MARCH THEY WILL BEGIN THE REMITTANCE SYSTEM AND THAT IS TOMORROW [SUNDAY] AND SO IT MAY BE A GREAT DAY TOMORROW [SUNDAY]…
______________________________________________________________

Central Bank proceed regardless of remittances starting from Sunday

Central Bank announced directly banks regardless of remittances to recipients starting from next Sunday.
A statement of the Central Bank, received a (news) copy of it, that ‘the banks will start regardless of remittances to their customers starting on Sunday, 08/03/2015, after it was complete All the procedures and mechanisms of these banks’…

http://www.dinarupdates.com/showthread.php?15204-quot-The-Dinar-Daily-quot-Sunday-8-March-2015&p=100072&viewfull=1#post100072
______________________________________________________________

Shredd - Article:  “Finance Committee in connection with legislation guarantee deposits in the banking law“  This legislation is huge, especially at this time with the project to delete the zeros starting. Protection of bank balances while transitioning from the dollar to the dinar and building confidence in electronic banking can only be possible if account balances will be protected. It’s no coincidence that investment boomed in the US after balances had protection.
______________________________________________________________

Poppy3 - THIS REMITTANCE IS ALSO SAID TO ACTIVATE THE Q1 CARDS USABLE OUT OF THE COUNTRY AND GLOBAL. THIS WOULD DEFINITELY CALL FOR A RATE AND THAT RATE BEING INTERNATIONAL.   CAUTION IS THAT THEY HAVE SAID THIS WAS HAPPENING ON SEVERAL OCCASIONS AND WE KNOW IT JUST DOESNT GET COMPLETED…DIFFERENCE THIS TIME IS THAT EVERYTHING ABADI HAS [SAID]…HAS HAPPENED…DURING HIS PM SHIP…MAKING TOMORROW VERY PROMISING TO ME. TIME AND ACTIONS WILL TELL US TOMORROW. ABADI told the world in ink that their currency will be stronger than at any other time in their history as well. This is in ink. NOT ONE OFFICIAL WORD FROM CBI HA EVER SUGGESTED A LOW RATE NOT ONE. I THINK I WILL SIDE WITH THE NEW PRIME MINISTER…
______________________________________________________________

Tlar - IMO the program that started out in 2007 known as ”delete the zeros” was terminated on or around Sept/Oct of 2012 by Shabibi.  He changed it to “just bring the currency out at 1166″ (FLOAT), and then program was changed back again under Turki to the originaql plan of “deleting the zeros” which is where I believe we are today.  Some folks got stuck in the middle where Shabibi was going to just float the currency, but most followed the articles and moved on with the change back to deleting the zeros.
______________________________________________________________

Oil Ministry holds meeting in Basra over handing over authorities to provinces

Baghdad (AIN) –The Ministry of Oil held a meeting in Basra province headed by the Minister, Adil Abdul Mahdi, on Saturday.

Reporter of AIN said “The Minister held a meeting with the Heads of the Provincial Councils in the provinces to discuss the handing over authorities of the Minister to the Local Governments…

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

Frank26 - We are surprised. Stunned.  The AMOUNT… VOLUME of INFO coming from both The GOICBI at once.  This is rare.  Especially for a Saturday. Causing interest for Sunday…Tomorrow…articles are packed with foundational LAWS!!!
______________________________________________________________

Enorrste - I have never…espoused the idea that there would be an RV to $1 and a float thereafter.  The RV is simply not possible.  If they tried to say, “Our dinar is now worth $1“, then, overnight, their money supply would be worth $40 trillion, or about 15 times the money supply of the world.  That is why an RV won’t work.  Put another way, that is why a start rate of $1 per dinar won’t work, either.  As we have said before, once the exchange rate regime is changed to a freely floating currency, the OFFICIAL rate and the STREET rate become the same thing.  The 2% rule is thereby satisfied immediately.  90 days later, in theory, Iraq could move to Article VIII.
______________________________________________________________

Poppy3 - …THE $3.00 PLUS I HAVE PREACHED SINCE 2010 IS STILL WHERE THE OFFICIAL CBI PEEPS ARE SAYING WE WILL SEE.
______________________________________________________________

Saturday Afternoon Dinar Call!!

w/BGG –  from Sat. 3/7

Click on the banner in the upper right corner

Smart phone user link – Click here

______________________________________________________________

Millionday - THE BEGINNING OF THE REMITTANCE WILL BE ON THE 8TH OF MARCH — THIS IS SUNDAY COMING UP.  [what are remittances?]  IT IS THE ABILITY TO WIRE BACK AND FORTH WITH A COUNTRY THROUGH MONEY COMPANIES AND BANKS — WIRING SYSTEM.  [With the start of the new mechanism regarding the remittance program/system...could this mean that it is internationally recognized?]  YES IT WOULD HAVE TO BE INTERNATIONALLY RECOGNIZED.  REMITTANCE CAN BE EXPLAINED THAT INTERNATIONAL BANKS AND MONEY TRANSFER COMPANIES CAN WIRE ACROSS THE GLOBE BY SUPPLY AND DEMAND.  [can the rv be expected on the 8th...what can be expected on the 8th...?]  WE DONT KNOW THE DATE…OR THE RATETHE BEGINNING OF THE REMITTANCE AND WHATEVER STEPS THAT MAY BE – CBI CAN SET THE VALUE AND THE INTERNATIONAL RATES AT ANYTIME THEY WANT — THEY HAVE THE GREEN LIGHT.  THEY WILL BE EXCHANGING CURRENCY BY WIRE – HOW THEY WOULD DO THAT WITHOUT A NEW VALUE AND INTERNATIONAL RATES IS BEYOND ME – BUT IT WILL BE SEEN ON SUNDAY.
______________________________________________________________

tman23 - A few weeks ago when Abadi asked for citizens to be patient until June…THERE ARE NO DATES BEING IMPLIED BY ABADI FOR A REVALUATION OF THE CURRENCY…BUT RATHER MORE SO THE CITIZENS BEING PAID BACK PAY…AND REMEMBER HE PROMISED THEM RETROACTIVE FROM JANUARY 2014 ALONG WITH PAY INCREASES…AND TO DATE/ ABADI HAS KEPT ALL PROMISES.  [do you think we will have to wait until june according to that statement or that they will get all of their money by then (backpay)?]  I look to June…But there absolutely no doubt that we are in the moments of monetary reform and an announce could come at any time.
______________________________________________________________

Enorrste - My personal belief is that this could happen sooner rather than later because, as I have stated many times before, once the cat is out of the bag and a new exchange rate regime is created there is really nothing to hold it back, unless, of course, the CBI intervenes.  However, I don’t believe that it is in their best interest to intervene and create a “ratchet” effect on the rising of the dinar.  Their main concern will be on getting the large notes off the street in Iraq, and to the extent that they can do that seamlessly I see no reason for them to intervene in the international market.

…it would not surprise me to see the dinar get to $1 by the end of the year.  The CBI says that it will take 2 to 4 years (more recently they are leaning toward 2 rather than 4 according to the articles) and we would assume that all large notes would be off the streets at $.50 per dinar.  Even a 1000 dinar note would be worth $500 at that point.  So, I suspect that they are projecting to get to $.50 in two years.  I can live with that, but I think that international speculation will have more to say about it and that it will actually move up much more quickly, especially as investment moves into Iraq.  I would not be surprised to see oil denominated in dinars after the change in the exchange rate regime, although not immediately.  Imagine what that would do to the value...I am quite optomistic at this point.  I can wait a few more weeks to see the ticker start to move.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Claim on Iraqi TV by PMU commander that daesh asked via intermediaries for a 36 hour window to withdraw from Iraq…

Embedded image permalink

______________________________________________________________

Backdoc - …THE CBI OF IRAQ…SPOKE LOUDLY AND PROUD!  THEY TOLD US THEY WOULD DROP THE ZEROS AND RAISE THE VALUE OF THEIR CURRENCY AND THEY TOLD US WHEN! WOW!  …THEY TELL US THEY ARE BRINGING VALUE TO LAUNCH THEIR CURRENCY ON SUNDAY THE 8TH ! MMMM.  TODAY THEY DID MORE THAN TELL US WHAT DAY THEY WILL BRING A REAL VALUE TO THEIR CURRENCY, THEY TOLD US THEY NEEDED TO PAY SOME BILLS…THEY SAID THEY ARE SENDING DISBURSEMENTS ON SUNDAY SO THAT IS CONFIRMATION OF A RATE AND THE FACT THAT THE CURRENCY REFORM HAS BEEN ACCOMPLISHED!  WITH THE NOTE COUNT NOW SO LOW THEY WILL COME OUT WITH A HIGH SUPPORTIVE RATE AND THEY WILL DO THEIR JOB AS BEING A SUPPORT CURRENCY TO THE BASKET!

WHY ARE THEY BUYING SO MUCH GOLD?  PARTLY, WE KNOW ITS A STABILIZING FACTOR IN CURRENCY VALUE.   IT MAKES THEM A MORE STABLE DONOR!   ALSO ITS A WAY TO DE-DOLLARIZE AS THEY MAKE THE SHIFT TO THEIR OWN CURRENCY NOW.  AND FINALLY, IT WILL ALLOW THEM A MUCH HIGHER RATE!  LET’S GO BACK TO OUR DISCUSSION ABOUT THE LAUNCH ON THE 8TH!  WE KNOW THEY ARE GOING TO START MAKING PAYMENTS BUT I’M NOT SO SURE WE WILL SEE THE RATE INTERNATIONAL UNTIL OZ TAKES CARE OF OZ FIRST, THEN HE WILL LET IT GO TO US!  WE SHAN’T BE WAITING LONG NOW MY FRIENDS!  OZ TOLD THE TRIGGER MAN AT THE SAFE HOUSE TO JUST RELAX BECAUSE THE CAT IS OUT OF THE BAG NOW FOR SUNDAY,THE 8TH DAY!  HE SAID HE WILL TELL HIM WHEN TO PUSH THE INTERNATIONAL SWITCH WHILE FOLKS ARE SLEEPING…
______________________________________________________________

Enorrste - Article quote:  “… confirmed an economic expert d. Peace Sumaisem, on Thursday, on the importance of the subject of the deletion of zeros from the Iraqi dinar, considering it as a support of the national currency, and a reduction of inflation in the country.  Sumaisem said, in a statement to “Ein Iraq News”, “delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency.”   I really get disgusted at the “economic experts” who still don’t understand the process.   It is a process, not an event…the process involves a change in the exchange rate regime rather than a LOP or an RV.  
______________________________________________________________

Tlar - …delete the zeros is the name of this project…it is an event and is an overnight RV at some level…it is a process. The only way the lower denoms could be released is with an immediate increase in value high enough to warrant their release.  How  many times has the CBI told us that both currencies will circulate for two years since 2010…15, 20?   Very, very few articles coming out support a float.  More and more continue to support an immediate rate change in value which at almost any rate kills [the] float theory starting at 1166…   A good question…Why would they want to bring out a currency at less than its true value.  Quite simply they would not.  So now with the government firmly behind this project and Maliki not being able to stop or threaten the project or the people at the CBI as he did when he was PM, and with the fundamentals being at least 3x’s better than they were in 2008 when the strategic study said that they could support an immediate increase of 1.13 to 1, I ask again, why in the world would they want to start the currency at 1166?  I can give you 20 good reasons why they would not, starting with it could potentially damage an already fragile economy struggling to recover.
______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

Breitling - You’re seeing counties taking shots at each other by devaluing their currency and everyone is adding to their money supply…their note count. [China, United States, Vietnam, Russia, Switzerland and the Euro and now Australia] What’s the only country we know taking away from their note count?  It’s that simple.   We know what Iraq is doing cause there is no reason to take notes out of the market if they were not going to add value to it…why would they take notes out of the market?  Why make those moves?  It’s very simple…if you know someone is putting gas in a car you know they are going to drive it.  You know if someone is taking the engine out of the car you know that car is not drivable.
______________________________________________________________

Kaperoni - ...delete the zeros is the name for a project, not a single event.  If you look at that way…you will realize this is not an overnight RV or some other action…it is a process…and the goal is 1 to $1 The dinar will rise gradually over a period of 2 years or more as stated…with the end result a new currency without the zeros.
______________________________________________________________

Adam Montana - [...if Iraq is going to rv, ri or whatever...AND...the CBI is going to take the 50 dinar notes out of the equation during the two month period of March 1 to April 30 - why should we expect anything to happen before those said 50 dinar notes are out of circulation?]   Don’t let them fool you. They will move the rate whenever they think it is best for them, and the best time could certainly be when everyone thinks it would be hardest… like right now, in the middle of a 50-note test.
______________________________________________________________

______________________________________________________________

Mailman17 - ONE OF MY CLOSEST CONTACTS AND A LONG TIME FRIEND WHO I WILL CALL BUBBA FOR NOW…HAS ALSO GONE OVER THE RECENT NEWS AND ARTICLES ESPECIALLY CBI ARTICLES AND WE BOTH CONCUR THAT THE CBI WOULD NEVER HAVE LET THE CAT OUT OF THE BAG AND TELL US IN SHORT THEIR INTENTIONS. THEY ARE READY TO IMPLEMENT ALL MONETARY AND ECONOMIC REFORMS THAT THEY HAS BEEN WORKING ON FOR YEARS AND ACCELERATED SINCE ABADI TOOK OFFICE. IMPLEMENT…NOT PLAN, NOT LOOK AT…NOT LOOKEY SEE, TALK ABOUT OVER COFFEE…BUT IMPLEMENT…ACTIVATE….MAKE IT HAPPEN…NOW. THE NEXT FEW DAYS SHOULD BE VERY INTERESTING

______________________________________________________________

Tlar - Article quote:   “Sumaisem said, in a statement to “Ein Iraq News”, “delete the zeros includes two basic objectives”, “the deletion of zeros”, and the “restructuring of the Iraqi currency”,    The article implies that the zeros that are being deleted are not the zeros on the currency.  She reiterates that they are going to “delete the zeros” and then “restructure the currency“.  If this was a move to lop she would definitely have stated it differently.  She might have said something like we are going to delete the zeros off the currency.  It is understood that if you delete the “leading” zeros off the nominal rate, that it follows you would have to restructure the currency.  Phrasing here is very important as it allows us to see inside the project exactly what they are going to do. Of course this assumes she is an insider with accurate information.  The way she phrased it, it is an RV only.  If it were a float only, again she would have phrased it differently maybe saying something like the intentions are to allow the currency to get to a dollar and when it does we will restructure the currency.  She certainly thinks and talks like she is an insider with accurate knowledge of the project, but the question remains she is privy to the actual rate or is just stating this because it has a long time goal of Shabibi’s.

______________________________________________________________

Millionday - Article quote:  “…the Finance Committee and an expert in economic affairs the central bank to the need to activate the financial trading by linking the Iraqi dinar to a basket of foreign currencies…“   CBI WANTS TO DIVERSIFY THE ECONOMY BY NOT PAIRING WITH THE US DOLLAR BUT WITH THE SDR (BASKET OF CURRENCIES) THE US DOLLAR IS WHAT OIL IS PURCHASED WITH SO THEY WILL USE IT FOR TRADE BUT…PEGGING TO THE SDR WILL ADD STABILITY TO THE EXCHANGE RATE AND MINIMIZE ANY FLUXUATION THAT MAY HAVE BEEN AVOIDED.  SOMETIMES ONE CURRENCY IN THE BASKET MAY NOT BE DOING AS WELL AS ANOTHER — SO THIS WILL HELP EVEN OUT THAT SHOCK WITH THE VALUE OF THE DINAR.  IF THE DINAR IS USED IN THE SDR — THAT WOULD MEAN THEY ARE A VERY STRONG CURRENCY AS WELL VERY HUGE NEWS THAT WAS – THEY ARE HEADED FOR INTERNATIONAL RECOGNITION BY PEGGING BECAUSE THAT IS WHAT IT SIGNIFIES.  THEY ARE TALKING ABOUT HOW TO COME OUT INTERNATIONALLY AND PREPARING FOR IT.

______________________________________________________________

Source at the Central Bank: banks will begin the implementation of remittances to their customers starting next Sunday

Search Bigger

Alsumaria News / Baghdad  - A source in the Iraqi Central Bank, on Thursday, the banks will begin the implementation of remittances to their customers starting next Sunday, noting that it came after the completion of all the procedures and mechanisms by banks…

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

______________________________________________________________

OOTW - Article quote:  “The country suffers the deficit as Iraq could not support its currency only if it received grants from third parties, and if possible its implementation is important (THE ZEROES PROJECT), reframes the currency indirectly supporting the national currency, and when the currency they restructure will reduce inflation in Iraq.“   AFTER THIS ARTICLE CAME OUT, I’VE BEEN INUNDATED WITH QUESTIONS ASKING ME IF I BELIEVE THIS IS A ‘LOP’ ARTICLE - ALL I CAN SAY IS A LOP WILL NOT ADDRESS INFLATION - SHE’S SAYING (IT SEEMS TO ME) THAT THE ONLY WAY THEY CAN SUPPORT THE WORTH OF THE CURRENCY IS TO ASSIGN MORE VALUE TO IT, IF NOT, THEY’LL NEED (ADDITIONAL) LOANS. WHY WOULD THEY NEED ADDITIONAL LOANS WITH ALL OF THE RESERVES, INCL GOLD THEY HOLD, IF THEY WERE NOT GOING TO INCREASE THE WORTH OF THE DINAR, VIA THE PROJECT “DELETE THE ZEROS”?…JIMO
______________________________________________________________

Mailman17 - DOESNT IT SEEM ODD THAT OF ALL THE BILLS IRAQ IS WORRIED ABOUT IS THE ALMOST NON EXISTENT ONES IN THE ACTUAL POSSESSION OF IRAQIS? LETS FACE IT..THERE ARE BUT A FEW OF THE ACTUAL PRINTED 50′S IN IRAQ. MOST ARE IN OUR HANDS. THEY LOOK AT THE 50 LIKE THE COINS…USELESS AND THEY ALWAYS HAVE FROM DAY ONE. WHENEVER IRAQ NEEDED MORE OF A CURRENCY PRINTED…THEY NEVER DID THE 50.  WHAT WAS OUT WAS OUT. BUT…THAT SINGLE DENOM IS ALSO THE ONLY DENOM THAT WILL BE REPRESENTED BY THE NEW NOTES AND IF IRAQ IS TO START A NEW MONETARY REGIME WHICH INCLUDES A NEW BATCH OF NOTES TO REPRESENT THEIR NEW RATE (WHICH I STILL SAY 1-1)THEY NEED TO GET THAT PESKY OLD 50 DINAR NOTE OUT OF THE WAY…THE VERY LITTLE AMOUNT THAT IS PRESENT.  THEY NEED THE NEW NOTES TO REPRESENT THE NEW IRAQ AND THAT WILL FINALIZE DE-DOLLARIZATION. WE SHOULD BE ABLE TO CASH IN OUR 50 NOTES AT THE BANKS PENDING IRAQ RELEASING THE NEW RATE ASAP. I OWN QUITE A FEW STACKS MYSELF AND AM NOT WORRIED… LETS SEE WHAT THEY DO IN THE COMING DAYS..JMO
______________________________________________________________

Tlar - Article quote:  “A source in the Iraqi Central Bank, on Thursday, the banks will begin the implementation of remittances to their customers starting next Sunday, noting that it came after the completion of all the procedures and mechanisms by banks.”  [Is this the same remittance with international banks which it would need internationally accepted currency?]    Unfortunately it is not the definitive stopper we are hoping to see.  All banks that will be doing remittances are set up to buy USD directly from the CBI under the new mechanism.  So far they are just doing the same job that the CBI was doing before the CBI passed this responsibility to these banks.  That means the banks will or can send USD on behalf of their clients.  So they do not have to have an internationally accepted currency (dinar) to complete this task at this time.  The currency they will be sending (USD) is internationally accepted.
______________________________________________________________

Expert: delete zeros supporting the national currency and reduce inflation in the country

Baghdad: the … Economic expert asserted Dr. Salam smeisim, Thursday, the importance of the subject delete zeros from Iraqi dinar, saying that to support the national currency, and reduction of inflation in the country.

Smeisim said, in a statement to “set the Iraq News, the” delete zeros contains two basic objectives, delete the zeros, and the restructuring of the Iraqi currency, instead of the $ 100 worth 120,000 Iraqi dinars, then delete the three zeros becomes 100 $ 100 worth of Iraqi dinar, which equals $ dinar, this means strengthening the Iraqi currency…

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

Poppy3 - IF YOUR REMEMBER DR SHABIBI STATED SEVERAL TIMES IRAQ WOULD HAVE AND CAN SUPPORT THE HIGHEST RATE IN THE MIDDLE EAST AND THEY ARE CONFIRMING AGAIN JUST EXACTLY WHAT HE STATED LONG AGO.  BY THE WAY THE HIGHEST IN THE MIDDLE EAST ALSO MEANS THE HIGHEST IN THE WORLD BECAUSE KUWAITS IS THE HIGHEST.THIS IS ALSO WHY POPPY3 HAS ALWAY SAID $3.00 PLUS WILL BE THE INTRO RATE. NOT ANYTHING LOW. LOW RATES JUST WILL NOT WORK FOR THEM TO ACCOMPLISH ANY OF THE THINGS THEY HAVE SAID PLAINLY THEY WILL COMPLETE INTERNATIONALLY.
______________________________________________________________

Millionday - Article quote: “Said the Iraqi Central Bank, on Wednesday, he has a tendency to increase gold reserves basket, stressing that he shall move the basket almost daily.”  CBI WILL BE ADDING TO GOLD RESERVES VERY OFTEN TO SUPPORT THE VALUE OF THE DINAR.  THEY HAVE HUGE RESERVES TO HOLD THE VALUE OF THE DINAR – THAT IS WHAT RESERVES ARE FOR — HARD BACKED VALUE AND CONFIDENCE IN THE CURRENCY.  Quote:  “…the CBI independent bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies…“ THEY ARE REMINDING ONE MORE TIME THAT THEY ARE INDEPENDENT AND ALSO HAVE THE ABILITY TO SET THE EXCHANGE RATE.
______________________________________________________________

Mailman17 - NO WHERE IN HISTORY HAS A NATION RELEASED THEIR NEW DENOMS ONE BY ONE…EVER. THE SMALLS WILL COME OUT TOGETHER INCLUDING THE FILS AND 10 CENTS IS NOT AN OPTION IMO.    AS FAR AS THE 50 DINAR NOTE IS CONCERNED…ASSUMING THEY GET A RATE OUT WITHIN THE NEXT WEEK OR AT LEAST WITHIN THE SUPPOSED 60 DAY MARK, I DO NOT SEE CASHING THEM IN AT YOUR LOCAL BANK WILL BE A PROBLEM…ON PAR HAS ALWAYS BEEN THE PLAN FROM DAY ONE. WHEN AND IF THE BUDGET IS TRULY RELEASED, AND FUNDS ARE ALLOCATED, TEN CENTS AND A FLOAT WILL NOT SUFFICE. THEY NEED TO COME OUT STRONG.  NOW, IF THEY WANT TO GO BY THEIR ORIGINAL PLAN AND MANAGE A FLOAT FROM A 1-1…THAT IS VERY POSSIBLE.  IRAQ HAS A GREEN LIGHT AND I SEE THEM LAYING RUBBER WITH THEIR ECONOMIC AND MONETARY PROBLEMS IN THEIR REAR VIEW MIRROR…JMO.
______________________________________________________________

Female Kurdish fighters battling ISIS win Israeli hearts

Israelis have become captivated by the YPJ’s female fighters. AFP photo.

TEL AVIV, Israel – On December 22, Israelis sat down before their TV sets to watch the popular investigative news program “Uvda,” or Fact. They saw a familiar personage in Itai Anghel, well-known to Israelis for his reports from war zones around the world, including Kosovo, Afghanistan, Lebanon and Iraq…

…But to see women from another Middle Eastern nation fighting — and defeating — ISIS in entirely female fighting units was remarkable. Israelis saw proud, young female Kurdish fighters going in to battle ISIS with no discernable hesitation. In fact, they even announced their presence with ululations, meant to strike fear into the hearts of the jihadists, who believe they will be deprived of heaven if killed by a woman…

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

Adam Montana - [Once currency is international, won't most banks exchange it?]   Once the currency is international, you are correct, most major banks will be exchanging it.  [Is there a scenario, in your opinion, where Iraq would NOT honor any dinar outside of their country?]   Yes, but it’s more complicated than that. Iraq doesn’t actually do business “outside” of their country. Every exchange happens at the head desk of the CBI.  If they want to move up in the world, they will raise their exchange rate and start doing business with the major world banks.
______________________________________________________________

Tlar - Abadi has done a great job in turning the country in the right direction.  It is my belief we will see currency change shortly or the country will financially implode.
______________________________________________________________

Millionday - Iraqi Central Bank announced in May 2012 that the process of deletion of zeros from the country of Iraq will be transferred to the trillions of billions, indicating that the process of replacing the currency needs to be approved by parliament.“  THIS MEANS THAT IT MAY TO TAKE ONE OR TWO YEARS TO COMPLETE.  [does this mean we may not see any change in rate for at least a year or two?]  NO THIS MEANS THAT IT MAY TAKE ONE OR TWO YEARS FOR ALL OF THE THREE ZERO CURRENCY TO MAKE IT BACK TO CBI. [Do you think that the removal of the 50s was the start?]   YES I THINK IT WAS THE FIRST STEP… THE REASON THEY GAVE FOR THAT MOVE WAS TO LESSON CONFUSION FOR THE DELETION OF THE THREE ZERO CURRENCY.   THE REMOVAL OF THE THREE ZERO CURRENCY IS A NEED FROM LACK OF USE DUE TO A CHANGE IN PRICES THEY MUST BE DOING — IF THEY DONT NEED THEM THEY WILL REMOVE THEM IMO.
______________________________________________________________

Keywords: cash sales dollar continuously .. no ceilings on the withdrawal of funds

Keywords: cash sales dollar continuously .. no ceilings on the withdrawal of funds

BAGHDAD / Amer Mohi - Denied the central bank, on Tuesday, he stopped selling the dollar, pointing out that the bank gave the green light to implement the project to delete the zeros from the currency, while stressing taken new measures to trading in dollars, expect a decision parliamentary finance committee return dinar to his strength, returned central decisions to ” good “because it is a challenge of smuggling currency out of the country…

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

My Ladies - I THINK 3 THINGS WILL HAPPEN AT THE SAME TIME…THE BIS WILL SAY GO…THE UN WILL MAKE AN ANNOUNCEMENT OF IRAQ HAVING THEIR CURRENCY BACK AND IMF WILL FINISH ARTICLE 8 COMPLIANCES.  [But U forgot 1 thing-WHEN?]  CRYSTAL BALL IS STILL FOGGY.
______________________________________________________________

Tlar - Article:    ”the file to delete the zeros of the Iraqi currency is put into effect, and the World Bank gave the green light to implement it.”   It occurs to me that if they can get it done before March 31st, the end of the first quarter, their accounting system can still be made retroactive back to the first of the year.  For accounting purposes, I would think March 31st or anytime before would be the best time to do this for the CBI as they themselves have stated a number of timesThere has been no intel other than the bond issue I reported on 2 weeks back.  It was reported back then that the bonds were being held up and that Iraq would be back and sign the agreement, providing a new rate before they would actually commence sales of these bonds.  Everything seems to be lining up nicely.  Here’s to hope
______________________________________________________________

My Ladies & NOVA - NO ONE IN IRAQ HAS BEEN PAID ANYTHING. IRAQ HAS NOT ADOPTED A CURRENCY YET. THEY CAN NOT ADOPT 1166 WHICH IS A PROGRAM RATE AND USE IT TO FULFILL THE OBLIGATIONS IN THE BUDGET.  IF WE SEE IRAQ PAY ANYONE AT 1166 THIS WILL SIGNAL THEY HAVE ADOPTED 1166 AS AN OFFICIAL RATE AND WE CALL IT GAME OVER.  SO NO ONE GETTING PAID = GOOD FOR US.  ARE WE CLOSE TO THE END? YES WE ARE, BUT NOT BECAUSE WE SAY SO BUT BECAUSE THE CBI AND THE GOI SAY SO.
______________________________________________________________

Integrity Committee: trillion and 14 million dinars from Iraq funds registered for corrupt officials

Integrity Committee: trillion and 14 million dinars from Iraq funds registered for corrupt officials

BAGHDAD / JD / .. revealed to the Parliamentary Integrity Committee on efforts to re-trillion and 14 million of Iraq’s money smuggled in post, as pointed out that Lebanon at the forefront of those countries where corrupt money invested.

He said the Integrity Committee in the House of Representatives member Haider Alfoada in a special statement to the Agency / BD /: The Integrity Committee Tbzlk efforts and movements, and in coordination with the Integrity Commission to return the money, which recorded the names and the assets of some former officials and those close to them who occupied important positions in the state were involved with corruption Maliki…

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

______________________________________________________________

sczin11 - I THINK WE ARE IN A VERY GOOD POSITION RIGHT NOW…I AM A BELIEVER THERE WILL BE NO FLOATS, AND THAT THE ORIGINAL IMF REPORT STATED $3.22, + 20% INFLATION, AND WITHIN 50 CENTS OF KUWAIT…I AM LOOKING AT $3.86-4.25.
______________________________________________________________

NOVA - OIL EXPORTS STAYING HIGH AND NOTE COUNT STAYING LOW IS WHAT DEMANDS THE EXCHANGE RATE EVERYONE WANTS.
______________________________________________________________

Backdoc - I CANT SEE THEM COMING OUT WITH A RIDICULOUS RATE WHICH WOULD DESTROY THE CURRENCY VALUE AFTER PULLING THE MAJORITY OUT… WHY WOULD THEY PULL OUT THAT MUCH CURRENCY ONLY TO INJECT A BUNCH AT .10?  CRAZY.   THE RATE MUST BE HIGH.  I BELIEVE THE RATE WILL BE HIGHER THAN MOST THINK.  I THINK IRAQ HAS TRIED TO BE VERY EVASIVE ON THE GOLD AMOUNTS THEY NOW HAVE… IF OIL DROPS OR JUST STAYS LOW IRAQ WILL NEED A HIGHER RATE.
______________________________________________________________

President Barzani: KRG supports Iraq’s political system

Fuad Masum and Masoud Barzani

Fuad Masum and Masoud Barzani

ERBIL, Kurdistan Region – President Masoud Barzani said the Kurdistan Regional Government will continue to support Iraq’s political system, according to a statement office following a meeting with Iraq’s President Fuad Masum.

The presidents, who met on Wednesday at Salahaddin resort in Erbil province, discussed political and economic issues, the ongoing war against ISIS, and the new Baghdad-Erbil oil agreement, according to the statement…

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

Delta - we have several sources confirmed…this CBI article is for real…100% original fact!  This is what we’ve been waiting for! This is amazing! Wonderful confirmation…right from the horses-mouth…this was the announcement from the CBI.  The first thing they are going to do is increase the value of the IQD…and gradually introduce the lower denoms.  We believe that everything is done. We should/must see the new rate from the CBI in the next 24/48 hours…because of the distributions of the budget.  Based on what we see…the budget…and what the Kurds got…the starting rate…could come up at 10 cents…I don’t see the rate coming out higher than 30 cents. Between 10 and 30 cents.  We may not have to wait for 2 years to see the rate go higher. Free float may drive it up. We believe they are about ready to pull the trigger.
______________________________________________________________

Adam Montana - …regarding the 50 dinar notes being squashed by the CBI…For most of us, this isn’t a big deal when it’s related to our actual physical holdings.  But it IS a big deal when you apply this situation to what we expect to happen when the CBI pulls the BIG trigger. When a country changes value or actual notes, they can choose to let the old notes run at the same time as the new notes, or they can implement a ”cash in” time. This is completely arbitrary – they can say 10 days, 10 weeks, 10 years, or whatever they want. In this situation, the CBI appears to be doing a “trial run” on the cash-in time. I always thought they would give us a minimum of 90 days, but with the 50 notes, they basically did a ~45 day cash in timeframe. Get your 50′s turned in within that timeframe, or they are worthless

My thoughts on this are pretty straight forward. 1. No need to panic. A 50 dinar note is worth a nickel right now, so this is a perfect way for the CBI to do such a “practice run”.  If you’re heavily invested in Iraqi nickels, my condolences to you… if that was my situation, I’d be looking for a dealer that will trade them, or I’d keep them as souvenirs. 2. I STRONGLY doubt that they plan on doing the same thing with the larger notes, but even IF they do, I understand that we are going to have a lot more options for exchanging. The game changes drastically when you switch from nickels to hundreds!  Again… no reason to freak out…

3. Here’s the real silver lining.  Since this was announced, have you seen any kind of pandemonium or an irregular blast of news about the ISX dropping or pillaging and plundering because of a Great Depression coming to Iraq?  No, you haven’t. And that’s because axing the 50s isn’t a major negative… in fact, it has more upside than most people realize. On that note, I’ll wrap up…by mentioning that I am VERY anxious to get some HCL news. There is a lot going on right now, and hopefully that can all play out in the next week or 2, then we can have some HCL news.
______________________________________________________________

Deputy: a new round of talks between Baghdad and Erbil agreement about oil 


Khandan – The National Alliance
, all near the start of a new round of the governments of the center and the Kurdistan region on the agreement between the oil agreement negotiations. The MP for the National Alliance Ibtisam al-Hilali told the “New Morning” that “the coming days will witness the return of the talks between Baghdad and Erbil on the former oil Agreement between the two parties. ” She Hilali, that “the Prime Minister Haider al-Abadi explained to the Board of disagreement House of Representatives and the current oil exports,” adding that “the government is committed to what was stated in the budget of 2015, which included an agreement with the province to export its oil through the Federal Marketing Company (SOMO).”…

http://www.dinarupdates.com/showthread.php?15190-quot-The-Dinar-Daily-quot-Wednesday-4-March-2015&p=99623&viewfull=1#post99623
______________________________________________________________

Frank26 - …the CBI gave the green-light to lift the 3 zeros from the exchange rate. WOW!!!  The article is NOT an opinion piece from an economist. Verified…confirmed…Seriously…this is a monumental step!!! The MR for the IQD has been done in 4 stages.  We believe we are in the final stages right now.    I believe we are going to see the process speed up as we head towards March 14th of this month.
______________________________________________________________

My Ladies - HCL IS FINISHED AND IN THE BUDGET…THE BUDGET IS PUBLISHED IN THE  GAZETTE …THERE ARE 50 PAGES PUBLISHED INCLUDING GRAPHS AND CHARTS.  …10 – 30 CENTS WILL NOT WORK…COMMON SENSE DOES NOT WASH WITH THOSE NUMBERS.   WHEN THE BANKING SYSTEM GOES LIVE IT GOES EVERY WHERE, THERE CAN BE NO PRICE FOR THIS HERE AND PRICE FOR THAT THERE, IT JUST DOESN’T WORK. …ARTICLE WE SAW LAST NIGHT…THE CBI SAYS THE DINAR WILL RISE TO STRENGTH IN THE COMING DAYS AND I THINK WE ARE EVER CLOSER TO THIS HAPPENING.  THIS IS A COUNTRY REBUILDING ITSELF FROM DUST, THIS IS A CURRENCY COMING OUT WITH SOME HEAVY RESPONSIBILITY…THINGS ARE MOVING VERY NICELY.   IN TWO OCCASIONS THE GOI AND THE CBI HAVE TOLD US IN THE COMING DAYS IRAQ WILL RISE.
______________________________________________________________

tman23 - Here is some factual news I will share…They are distributing Qi Cards out of country through the Iraq Embassy…And to cut to the chase…1 million IQD had a ATM show the balance available as $678 USD.  The ATM was in AMERICA…There are a selected few that are working being part of a beta phase pre se’…They are working on opening distribution in America …I don’t look at the Qi Card for a rate but more so the banks and the process of clearing payments…International!
______________________________________________________________

Millionday - IT APPEARS THERE IS ALOT GOING ON AND I AM EXCITED.  THE BEST PART IS THE COORDINATION OF THE CBI AND PRIVATE BANKS.  THIS MY FRIENDS MEANS THE CURRENCY WILL BE SOLD AT — SUPPLY AND DEMAND — A MARKET ECONOMY DEFINITION.  [do I understand they will continue selling their currency in supply and demand?]  THEY WILL BE SELLING IT ONLY UNDER A MARKET ECONOMY STAGE OF SUPPLY AND DEMAND AS WITH MANY OTHER COUNTRIES… WE ARE SEEING NORMALCY.
______________________________________________________________

BGG - On Tuesday the CBI gave the green light for the “delete the zeros project”.   This is the best news of the dinar decade.  There has not been any news better than that in print.  For the CBI to talk about this publicly, for us investors,  it is huge news because the deletion of the 3 zeros project is in some form or fashion a shift in the value of the currency.  It’s going to take something to get those notes out of the marketplace.  There’s really no (other) reason to take those notes out of the marketplace. This is a huge step forward for the investment and let’s hope they move forward quickly & hope they implement it in short order.  I think they will.  There is conversation in the community about the $.10 mark. I am not as concerned about the number as I am the “when”. It’s not impossible to believe it will start low.
______________________________________________________________

Poppy3 - NO OFFICIAL FROM ANY AGENCY THAT HAS ANYTHING TO DO WITH ANY RATE HAS EVER SUGGESTED A LOW RATE?  PERIOD.  IMF SAID AND APPROVED AND POSTED ON THEIR WEB SITE IN OCT 2010 THEY APPROVED $3.22 CENTS PLUS UP TO 20% FOR INFLATION AND ALL THAT HAS CHANGE FINANCIALLY SINCE THEN…THEY HAVE ALMOST DOUBLED THEIR FINANCIAL RESERVES. AT LEAST 10 TIMES CBI OFFICIALS HAVE TALKED CLOSE TO KUWAIT RATE BUT ABOVE AND THEY ARE AT $3.50 PLUS.  
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com - save as favorite!
______________________________________________________________

Breitling - [Is it safe to assume that if the process to retire the 50 dinar note will take till the end of April that the dinar won't change in value during the process of exchange, therefor our next window won't begin until the process is complete? Nope has nothing to do with it…the float could start today.  It could have started 2 years ago.  It’s always been on the table that they were going to revalue at a small rate and then float from that point or float from the rate we are at right now…it will float from 1166 dinar on up.  Can they come up with 5 or 6 cents or 10 cents?  Sure!  Because they reduced the note count so much…the language they are using is they want to float it from the rate that it is and that’s basically what they’ve told us
______________________________________________________________

sczin11 - [do you know of an article which states a 25k will equal 25 'only' in country?]  HAVE NEVER SEEN AN ARTICLE LIKE THAT IN OR OUT-  …HAVE SEEN NOTHING ON A LOP…IT IS ALL INTERPRETATION ON “REMOVING THE ZEROES” OR ” DELETION OF ZEROES”.  WHY WOULD THEY NEED 2 YEARS TO LOP?
______________________________________________________________

Delta - CBI announcement about the 50 IQD note…surprised everyone.  It’s not a bad thing. The Iraqi coins and the 50 dinar note has never been popular in Iraq. (Equivalent of 4 cents USD – at the 1166 rate).  IMO, the rate is going to come up around 10 cents. So many indications showing that.  The reason…if you do it at 10 cents…the 500 dinars would be equivalent to around 50 dollars.  Because Iraqi’s use a lot of US currency there is going to be a lot of confusion in the marketplace with this 50 and the 500.  You hardly see 50 dinar notes in Iraq. Most people who hold 50 IQD notes are investors outside of Iraq.  About 90% of those 50 notes are outside of Iraq.  People have 2 months to redeem 50 dinar notes. The CBI knows exactly what they have outside of Iraq. Most people won’t bother to cash-in the 50 dinar notes because they are only worth about 4 cents.
______________________________________________________________

Abadi economic adviser: Budget approved the payment of oil companies vouchers or treasury bonds 


Long-Presse / Baghdad 
Economic Adviser to the Prime Minister, confirmed the appearance of Mohammed Saleh, said Wednesday that the federal budget for 2015, the current law authorized the Minister of Finance to issue money orders treasury or financial bonds to oil companies operating in Iraq, not to exceed a total of 12 billion dollars, as he emphasized that the duration of issuance and interest incurred by Mitroctan the Ministry of Finance.

He said the appearance of Mohammed Saleh said in an interview to the (long-Presse), said that “Article 34 of the General Budget Act of the current 2015 included the benefits of oil companies, and authorized the Minister of Finance, at the request of the Prime Minister, or the oil minister, the issuance of treasury remittances or securities , when needed, to cover the entitlements of those companies. “…

http://www.dinarupdates.com/showthread.php?15190-quot-The-Dinar-Daily-quot-Wednesday-4-March-2015&p=99614&viewfull=1#post99614
______________________________________________________________

Aggiedad77 - The news is full of green lights ...PM Abadi has even been given a green light by the COM to do some things to the budget, this is probably why the delay in us seeing the budget…looking for laws associated with the budget still…but am starting to believe they may show up when the budget is completely unveiled to the world…DAASH is taking a pounding from the air and now from land in the Salahuddin province and specifically Tikrit…so says the news…
______________________________________________________________

tman23 - IMO, PM Abadi has what he needs…The Currency Reform Board at the CBI has what they need…Barzani last week borrowed 500 million dollars from Turkey to pay salaries and is in Italy cutting more deals…The Kurds had said they will not open their economy dealing with 3 zero accounting…Abadi told his Ministers to prepare to resume work in the liberated areas…The CBI has given the green light…For what we are interested in…CURRENCY VALUE… Forget about Parliament…they are now riding in the back seat of the RV vehicle.
______________________________________________________________

sczin11 - IMHO, MONETARY REFORM CONTINUES … SMART CARDS FOR MANY PENSION RECEIVERS, WENT LIVE TODAY… DELETION OF THE ZEROES PROJECT WAS GIVEN THE “GREEN LIGHT” BY ACTING GOVERNOR OF THE CBI, TODAY…TAKING 2 YEARS TO REMOVE THE NOTES FROM THE STREET IN IMF STANDARDS AND PROTOCOLS…TARIFFS AND TAXES SUPPOSEDLY BEING IMPOSED, NOW…THEY ARE NECESSARY AS PER THE BUDGET, IN ORDER TO REDUCE THE BUDGET DEFICIT…THEY CAN NOT AFFORD TO DELAY THE IMPLEMENTATION/COLLECTION, OF THESE VERY INTEGRAL REVENUES, IN ORDER TO BALANCE THE BUDGET…THE 50 DINAR NOTES COMING IN ALREADY…NO VALUE NOW, BUT WITH A SIGNIFICANT CHANGE IN VALUE, THEY DONT HAVE THE NECESSARY SECURITY NEEDED TO COMPLY WITH THE INTL REGULATIONS AND STANDARDS FOR ANTI MONEY LAUNDERING AND COUNTERFEITING, THAT ALL THE OTHER DENOMS POSSESS…DE-DOLLARIZING HAS BEEN PROGRESSING…MAINTAINING STABILITY OF THE IRAQI DINAR HAS BEEN A PRIORITY…FOLKS…THERE IS A PLAN, IT IS IN PROCESS, WE DON’T HAVE A CHECKLIST…BUT, WE ARE A PART OF IT! 
______________________________________________________________

Central Bank gives the green light to implement “the deletion of zeros,” 

Long-Presse / Baghdad - Detection Governor of the Central Bank of Iraq on the Keywords, on Tuesday, giving a green light to direct the implementation of file deletion of zeros from the currency, and as he emphasized that the completion of administrative matters of this file will take two years, pointed out that the bank began creating new currency models.

Alak said during a press conference held by the bank building Jadiriyah district in central Baghdad, and attended (range Press), that “the deletion of zeros from the Iraqi currency file is put into practice,” asserting that “the Bank gave the green light to implement this.”  The Keywords, that “the completion of administrative matters on this file will take two years,” noting that “the bank began creating new currency models.”…

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

sczin11 - [ISN'T THE ISX SUPPOSED TO DO SOMETHING ON MARCH 5TH...?]  MORE MISUNDERSTANDING OR MISINTERPRETATION…ISX HAS BEEN OPEN SINCE 1/11/15.
______________________________________________________________

Enorrste - Article quote:  “Governor of the Central Bank announced…on Tuesday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation…“     I am literally “tickled pink” at this announcement.  We get a green light on starting the process and, in the same article, a statement that it will take up to two years to implement.  That means that a LOP is out of the question and that the float will begin shortly, in my view.  I can’t wait to see the first tick up on the official rate!
______________________________________________________________

Frank26 - Article quote:  “delete the zeros existing project and we have given the green light for its implementation announced the Governor of the Central Bank“  It is a GREEN LIGHT…Given by a GREEN ZONE effort that history will never show. They are READY...Well alright alright then …Let’s Roll!  I like numbers …31415.
______________________________________________________________

Delta - They are not going to delete the 3 zeros right away.  Based on Abadi’s statement the rate could come out around 10 cents and free float over the next 3 or 4 months. Not sure. If the CBI increases the value to 10 cents  they can bridge the gap in the budget with the revaluation.  The meeting that took place about 24 hours ago between the acting financial committee and the acting governor of the CBI…talked about the deletion of the zeros. They talked about a lot things…and we don’t have a lot of details but it appears that the CBI is about to pull the trigger. They don’t know exactly when but the financial committee knows that when they are ready…in the next 24-48 hours the ministries will start the distribution of the money. Very powerful confirmation. They might drop the 2 zeros and come up with about 10 cents. IMO — It will start from there.
______________________________________________________________

Dinar Afternoon Drive Call!!

w/BGG –  Tues 3/3 @ 3PM CST

Click on the banner in the upper right corner

Smart phone user link – Click here

______________________________________________________________

Frank26 - Article:   “Parliamentary Finance hosts the Governor of the CBI and looking him Cancel zeros from currency.”  …looking for ways to cancel the 3 zero’s on the Dinar. Good clarity…no confusion about this article. Abolish the 3 zero’s! They are going to raise the value of their currency. The evidence is pouring in daily. The GOI and CBI are doing this together. We told you the budget is not yet for your eyes …give it at least 2 weeks because a lot of little things are still being done. Will it take another 2 weeks?  I don’t know. The reinstatement of the value of the dinar will be done “electronically” – and so will be the budget.  There is a reason why the budget isn’t opened up yet. The price of oil is one of them.  We were looking on March 1st for the laws. They are in position but not approved (yet). Once we see the budget opened (exposed) you will see a bunch of information.  IMO – we are very close to seeing the MR of the IQD. 
______________________________________________________________

Breitling - Is it possible the CBI is pulling the 50 dinar note to replace it with the 25 and 100 coins?  No!  They are supposedly going to mint coins mixed with precious metal…they are not going to mint coins with a precious metal at a tenth of a penny.  What happens to those 50 dinar notes?  There is a certain amount of wealth …and there is a certain number of notes that represent that wealth.  If they pull notes out of the market that same wealth is still there and it’s got to be represented by what’s left over.  And it goes in reverse if they add [notes]…
______________________________________________________________

Poppy3 - KEEP IN MIND THINGS CHANGE GOOD AND BAD IN IRAQ IN MINUTES. ALL INFO STILL SHOWING THEY ARE IN A HURRY AND KNOW WHERE THEY NEED TO BE TO BECOME GLOBAL AND HAVE SHOWN NO SIGNS OF SLOWING DOWN IN MEETING THEIR GOALS AS FAST AS POSSIBLE.  I HAVE SEEN THEM NO LESS THAN 10 TIMES IN THE LAST TWO MONTHS…SAY THEY ARE NOT COMING BACK FOR DAYS OR WEEKS AND DO YOU KNOW HOW MANY DAYS THEY HAVE TAKEN OFF —- ZERO — THERE HAVE BEEN COMMITTEE MEETING S EVERY DAY PERIOD.
______________________________________________________________

CBI ANNOUNCEMENT MARCH 3, 2015

Central Bank lowers fees imposed imposed on banks by half

{Baghdad: Euphrates News} central bank announced Tuesday, reduction of the fines imposed on banks by half the proportion of {200%} to {100%}.

According to a statement of the bank and agency {Euphrates News} received a copy of it “later Bamamna No. number 12/684 in 12/02/2013, which included the imposition of fines on banks, according to the specified percentages and that’s where the imposition of fines was to evaluate the performance of employees in banks and reassure the public the number of completion Securities received by the banking system and to the approval of the Governor decided to reduce the fine imposed on the irregularities {shortage, and various foreign securities} discovered in Eyadaatkm ratio of {200%} to {100%} “.

“The decision to suspend the fine to ensure counterfeit papers discovered by {500}% make up the shortfall with effect from 03.01.2015″ .anthy

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

sczin11 - SINCE THE RAISING OF THE VALUE OF THE IRAQI DINAR, HAS LITTLE DIRECT BEARING ON THE CITIZENS OF IRAQ, I DO NOT THINK THE SALARIES, OR MONIES SENT BY BAGHDAD TO KURDS IS A SIGNIFICANT EVENT TO MONITOR… THE BENEFIT TO THE CITIZENS WILL BE THE PURCHASING POWER OF THE COUNTRYMORE CURIOUS TO ME IS, THEY HAVE BEEN ANNOUNCING FOR THE LAST 30 DAYS OR SO, THE RELEASING OF PENSION MONEY ONTO THE SMART CARDS, TO BE USED “INSIDE AND OUTSIDE” OF THEIR COUNTRY…OVER THE WEEKEND WE SAW, THEY WERE GOING TO RELEASE IN NEXT FEW DAYS, IN 4 COUNTRIES… LEBANON, JORDAN, UAE, AND SAUDIA ARABIE, I THINK…

TODAY [MONDAY] THEY ANNOUNCE THEY WILL BE LOADED FOR USE TOMORROW [TUESDAY]…INTERESTINGLY, NOTHING STATING INSIDE AND OUTSIDE OF COUNTRY…LEFT TO OUR IMAGINATION…IF THE CARDS ARE LOADED TOMORROW [TUESDAY] IN SAUDIA ARABIA ETC.. IT WOULD MEAN TO ME THEY ARE INTERNATIONALLY RECOGNIZED… PLAIN AND SIMPLE.  AND IF THAT HAPPENED, AT 1166, THE COUNTRY WILL IMPLODE…IMHO…THERE IS NOT ENOUGH DINAR IN THEIR COUNTRY TO MAINTAIN STABILITY AS THEY CLAIM THEY WILL HAVE NO PROBLEM DOING. THEY WOULDNT BE ABLE TO REDUCE BUDGET DEFICIT WITH TARIFFS AND TAXES, AS THE AMOUNTS THEY WOULD RECEIVE WOULD BE NEGLIGIBLE…WOULDNT HAVE A SIGNIFICANT IMPACT ON THEIR DEFICIT.
______________________________________________________________

Millionday - CBI HAS BEEN ASKED TO MAKE THE CHANGES FOR THE STOCK MARKET…THERE ARE MANY CHANGES THAT HAVE TO OCCUR FOR THE REFORMS AND THEY ARE IN THE MIDDLE OF SHIFTING CBI TO THE PROGRAMS FOR THE PRIVATE SECTOR.  THIS IS THE BEGINNING OF THE MONETARY POLICY – WHOOPOW. THIS IS A HUGE STEP TO MOVE FORWARD FOR THE IRAQI REFORMS. THE MOVE NOW IS TO ACTIVATE ALL ECONOMIC LAWS.  [THEY ARE TOLD TO ACTIVATE, DO THEY HAVE A TIME FRAME TO DO IT IN?]   THEY ARE IN THE STAGE NOW TO ACTIVATE. [Did they activate the smart cards yet?]  NO ACTIVATION YET.  [...is the HCL finalized... ?]  THEY MET ON IT YESTERDAY AND HAVE REACHED AN AGREEMENT.  THEY ARE PREPARING EVERYTHING TO MOVE FORWARD WITH REFORMS AND ALSO WITH THE MARKET ECONOMY.
______________________________________________________________

Aggiedad77 - Article quote:  “Iraqi Oil Minister Adel Abdul-Mahdi, said that his ministry will ask the government to issue treasury bonds (Treasury) worth $ 12 billion broadcast reassuring foreign oil companies that will reach their dues by the end of this year to 27 billion dollars.”   How can the government issue $12 billion dollars in treasury bonds today payable at the end of the year for $27 billion dollars unless they have a currency at the time that will allow such a gain to be made…HUGE HUGE news…add this to the contracts they work under that were set in place in 2009 and 2010…remember those days old timers…that would complicate the apple carts for them…to say the least…but am still working those bond numbers…incredible.
______________________________________________________________

MarkZ - I know many are wondering what happened this time, why is it Monday and we do not have this finished yet…None of us, even the VERY connected will nail the timing. The event is designed that way for safety.  On the positive side we still have great progress…  Are we close? I think so, I am told so but at the same time I am still looking for an event or two before I let myself get all giddy.  In the sandbox they look to be poised more for a RI and a float than a true RV. My best advice is just to buckle up, grab your popcorn and watch closely as we progress.
______________________________________________________________

tlm724 - Article:  “Parliamentary Finance searching with the Governor of the Central Bank of the issue of the Iraqi dinar and the abolition of zeros“    we have several diff source articles for this…basically all the other articles are saying the same thing…lets have a talk about getting rid of the zero’s.  you all do realize how fast things are happening don’t you?  I am talking about the fact that we are smack dab in the middle of the currency reform.
______________________________________________________________

Poppy3 - …NO RV YET BUT CLOSER THAN EVER AND COMPLETELY A FOREGONE CONCLUSION ITS JUST AROUND THE CORNER.  I AM SO HAPPY TODAY AND IF YA’LL KNEW WHY YOU WOULD BE FULL OF JOY ALSO.

…CAN NOW SHED MORE LITE ON MY GOOD NEWS I AM EXCITED ABOUT.   I WAS TOLD IN THE FINANCE MEETING THIS MORNING THAT THE ARGUMENT WAS ABOUT A RATE THAT IS BEING ASK FOR AND DISCUSSED TO DEAL WITH THE VALUE OF DINAR AND THAT RATE IN DISPUTE IS IN THE $3.90 CENT RANGE. THE ARGUMENT IS THAT THE OIL MINISTERS ARE WANTING A HIGHER RATE AND THE CBI IS ARGUING TO BEGIN AT A MORE NOMINAL MEDIAN RATE BUT THE OIL MINISTER SAYS THEY CAN’T MEET PAYMENTS TO THE PRODUCERS WITHOUT THE HIGHER RATE. NOTHING HAS BEEN SETTLED AND IT IS GOING TO REQUIRE MORE DISCUSSION. THEY ARE LOOKING FOR MIDDLE GROUND AND THE WAY TO ACCOMPLISH WHAT BOTH NEED…MEETING NEEDS AND REMOVING THE THREE ZERO’S WITHOUT CAUSING UNCONTROLLED INFLATION. THIS IS EXCITING NEWS TO ME BECAUSE WHAT WE NEED THEM TO DO IS FRONT AND CENTER AND THEY ARE IN A HURRY.  
______________________________________________________________

My Ladies - THE WAY I SEE THINGS AS LONG AS NO LAWS REQUIRING FUNDING ARE PASSED AND NO SALARIES ARE PAID, AND NOTHING IS HAPPENING CAUSING IRAQ TO CROSS BORDERS WE ARE OK.  YES WE ARE STILL WAITING, BUT WE ARE STILL HOPEFUL THE WAIT IS SHORT.  NOW IF WE SEE MONEY MOVING, AND INTERNATIONAL OBLIGATIONS BEING FULFILLED, AND THE SMART CARDS BEING ACTIVATED WITH NO RATE CHANGE THEN WE WILL NEED TO BE REALISTIC WITH WHERE WE ARE.  SO HERE IS HOPING FOR IRAQ ADOPTS A CURRENCY VALUE OTHER THAN 1166 AND DOES IT BEFORE MAKING ANY MANY CHANGES IN MONEY AND POLICY. 

DINAR LAND THINKS THE OPPOSITE, THEY THINK LAWS NEEDS TO COME FIRST, AND SALARIES ARE PAID THEN WE ARE NEXT, BUT NO, NO NO NO NO NO, YOU CAN NOT DO THINGS IN REVERSE LIKE THAT, BASIC BANKING PRINCIPLES.  IF THEY GO INTERNATIONAL AT 1166 THEY ARE NOT GOING TO “RV” OR “RI” AFTER THAT.  THE SYSTEM DOES NOT WORK LIKE THAT.  IF THEY GO INTERNATIONAL AND PASS LAWS AND PAY SALARIES AT THE IMPOSED RATE THEN THEY HAVE DEFIED ECONOMICS AND WE ARE IN FOR ANOTHER 10 YEAR WAIT. WELL 5 AT LEAST BECAUSE THAT IS WHAT THEY SAID THEY NEED TO FINISH THEIR MONETARY REFORM.  WE ARE STILL IN THE GAME AS OF TODAY.
______________________________________________________________

Tune in for Round Table Chat w/BGG (filling in) @ 1:00PM EST – today (3/02) in the DU Chat Room!!

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

BGG - the one thing our Baghdad contact has maintained is Baghdad needs money to fight ISIS. Period. He felt like one of the main ways to get it was via currency reform – ”removing the 3 zero’s”… it seems a little early to me based on the press releases over the last few days – but what do I know?? This is an emergency.
______________________________________________________________

Jester - THEY ARE WAITING ON SOME THINGS TO BE SIGNED WITH THE US… ALL INDICATIONS ARE THE BUDGET IS READY TO GO… THIS IS JUST SOMETHING THAT HAD TO HAPPEN WHEN THE BUDGET WAS READY TO GO… OTHERWISE IT WAS A MOOT POINT…LOOKS LIKE THINGS ARE GOING THE RIGHT DIRECTION…. I BELIEVE THIS IS JUST A SMALL HOLD UP… THAT THINGS ARE STILL GOING JUST FINE… THE BUDGET JUST NEEDS TO BE PRINTED INDICATING THINGS ARE DONE AND THEN POOF… IRAQ WILL BE ON IT’S WAY. 
______________________________________________________________

Millionday - Article quote:  “Office of the Prime Minister Saad al- Sabri, that the application of Article 140 of the Constitution after the procedure will eliminate Daash terrorist gangs in the disputed areas.”  THEY ARE NOT ACTIVATING ARTICLE 140 UNTIL DAASH IS ELIMINATED PER THIS REPORT.  IT IS NOT THAT THE BORDERS ARE NOT BEING DEFINED — IT IS THAT IT IS NOT AN EASY TASK WITH DAASH ON THEM OR IMPACTING THE PROCESS.   [What is article 140...?]  ARTICLE 140 IS PART OF THE CONSTITUTION THAT DEFINES THE AREAS THAT ARE PART OF KURDISTAN…  IMPORTANT FOR COSTS AND BUDGET ETC.

[They can't RV without the Article 140 implemented, right?]  UNDERSTAND THAT THE BUDGET DISTRIBUTION IS IMPACTED BUT CBI HAS REPORTED THAT INVESTMENT FUNDS COULD BE USED TO MOVE FORWARD WITH THE MONETARY POLICY.   SO AS FAR AS AN ACCURATE EXACT TO THAT ANSWER — IT CANT BE GIVEN UNLESS BY CBI WHO HAS THE INDEPENDENCE IN THE MONETARY POLICY.

______________________________________________________________

Backdoc - WE ALL EXPECTED TODAY [SUNDAY] TO SEE THEM START TARIFFS AND TAXES AS THE ARTICLES INDICATED!  EITHER THEY HAVE ACHIEVED THEIR GOAL ON REDUCING LIQUIDITY FROM THE PUBLIC FLOAT AND ARE SIMPLY WAITING TO LAUNCH EVERYTHING ALL AT ONCE OR POSSIBLY THEY ARE WAITING TO SEE SECURITY IMPROVE IN THE NEXT WEEK OR TWO BEFORE A RATE CAN BE RELEASED! WE KNOW THAT THE KURDS ARE NOW VERY HAPPY BUT THE SUNNIS HAVE ONE MORE REQUEST BEFORE THE NATIONAL RECONCILIATION IS COMPLETE, ARREST MALIKI AND BRING HIM TO JUSTICE!

…A FEW MORE LAWS WILL LIKELY BE READ SO THAT ALL IS IN PLACE FOR THE ONE BASKET! THE LAW OF PARTIES MAY BE ONE OF THOSE GETTING FINISHED!  WITH THE MARKET ECONOMY READY TO LAUNCH AT THE END OF THE MONTH, THEY ARE IN A HURRY TO PUT THINGS IN ORDER!  IT MAKES SENSE THAT A RATE WOULD PRECEDE THE LAUNCH OF THE MARKET ECONOMY SINCE IT WILL TAKE A FEW DAYS TO ADJUST TO THE NEW CURRENCY!
______________________________________________________________

Parliamentary Finance hosts the Governor of the Central Bank and looking him Cancel zeros from currency

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

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

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

BondLady - The World Gold Council announced (WGC), said that “the Iraqi Central Bank had bought 48 tons of gold during 2014, bringing the country’s reserves of gold material by three times what it was during the year.”  Remember they already said they had enough reserves to cover one and a half right?  ”The Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold“   So now they have more.
______________________________________________________________

tlm724 - The Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold“    Kinda looks like the CBI is heading (maybe considering) buying even more gold especially after the decline in gold prices in world markets over the past months.  Gold is gonna cover everything the CBI wants to accomplish with currency reform including the deletion of the zeros.  Brings the dinar up front with dollar allowing them remove the dollar imo. Gold has the value needed to protect and guarantee the economy…it’s a safe haven for Iraq which contribute to maintaining the value of the dinar Iraqi. The decision to buy gold is to protect the dinar not the dollar!  The dinar is safe no matter what the currency baskets does because it is protected! 
______________________________________________________________

My Ladies - THE GLOBAL MASTERCARD WILL BE IN EFFECT IN PLACES OTHER THAN THE 4 ARAB STATES.  THEY WILL BE GLOBAL, AS SOON AS THE GOI DEPOSITS THE MONEY TO RAFIDAIN THE CARDS ARE INTERNATIONAL.  THEY HAVE BEEN EXPERIMENTING WITH TRIAL CARDS IN ABU DABI AND EVERYTHING IS WORKING FINE. ALL THEY NEED NOW IS TO FUND THE ACCOUNTS..THE CARDS WILL GO LIVE AS SOON AS THEY DO.
______________________________________________________________

Millionday - Article quote:  “Rafidain Bank, announced its intention to issue smart card, in the coming days for retirees in four Arab countries.“ THE SMART CARD IS TO BE ISSUED IN THE COMING DAYS AND IT IS USED FOR BENEFITS FOR IRAQIS AS PROMISED — SO IT WILL NEED TO BE ABLE TO BE USED THROUGH THESE COUNTRIES BUT – PREVIOUS REPORTS HAVE STATED THAT THE SMART CARD WHEN ACTIVATED WILL BE ABLE TO BE USED GLOBALLY.   THIS IS A HUGE STEP FROM THE BANK AND ALSO WILL BE ORDERED FOR ACTIVATION BY CBI PER DISTRIBUTION OF BUDGETED BENEFITS.  [Will the rate attach to the Cards?]   THEY WILL HAVE TO HAVE AN EXCHANGE RATE FOR THE CITIZENS TO USE THE CARDS OUTSIDE THE COUNTRY FOR THE LOCAL CURRENCY THEY STAND IN.
______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

BGG - [...can you tell us...what they are doing with the 50s over there...replacing for better security ones. or removing the 50 note for good?]  …that I do not know for surehowever, the change under the cover of a possible removing of the 3 zero’s implication is VERY, VERY GOOD NEWS.
______________________________________________________________

Breitling - The intent of the CBI is EXACTLY the same…what do they want to do?  They want to get it to a US dollar and after that they want to change the economic policies a little bit and get it to $3.00…and that’s that.   This [50 dinar note retirement] revealed to us the time frame…they are not going to come out at a buck…this tells us they are going to come out as a float.  There is always a couple scenarios so we’ll see how it goes…the wealth of the 50 dinar notes is going into your dinar coming up pretty quick so Happy Birthday!  

We’re in a very very good spot.  the 50 dinar note being taken off the market means more notes being taken off the market period end of story.  The last report we got they were at 4 billion notes…at it’s hight they were at 9 billion notes.  3 things we know.  We know the number that they’re at…so they can raise the value whenever they want.  2.  They’re taken away even more notes by taking the 50 dinar note off.   3.  They stopped the auction floor which is what they used to help keep the value of the note down…NOT up…they kept it down that way.    What would be great to know…is remember the US dollar represented 30% of the markets inside Iraq.  Who knows where they are at today.  I would LOVE to see those numbers cause that would tell us a lot.
______________________________________________________________

Jester - A BUDGET HAS NOT BEEN PRINTED YET… THAT IS WHAT WE ARE WAITING FOR…THAT IS STILL SIMPLY AN INDICATOR OF THINGS TO COME.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com - save as favorite!
______________________________________________________________

Aggiedad77 - Article 140 is said to be delayed until DAASH issues are over…Former President Talabani has visitors…CBI is still in the news, slightly…Sunday still appears to be the launch day for the removal of the 50 dinar notes.
______________________________________________________________

Tlar - …the “delete the zeros” program is a real program.  There was about a four month period in 2012 that Shabibi decided to change the program and we saw articles attesting to that decision.  The decision had been made by Shabibi to just release the currency at 1166 and “let the market decide its value“.  He had stated that he was going to do this whether or not the government was on board. The float theory was not a theory but a real change in policy in late 2012.  Shabibi had done this because every time he tried to implement the delete the zero program it was thwarted by Maliki.  As we know, Shabibi did not get a chance to just float the currency because he was charged with crimes and removed by Maliki before he could do it.

Maliki then promoted Turki to be the Governor of the CBI thinking he could control him.  Turki did not play ball with Maliki and went right back to supporting removing the zeros program within 30 days.  IMO we know this because the articles that had been talking about deleting the zeros earlier under Shabibi had all but disappeared, having been replaced by articles stating the CBI intended to release the dinar at 1166 and float it up from there.  But when Turki took over, within a month articles started to resurface again talking about deleting the zeros and have continued since then using the name deleting the zeros.

Some very intelligent people IMO got stuck in the float theory and haven’t ever come around that the program to delete the zeros is back on.  All the safe guards in protecting the currency also support that the deleting the zeros program is back on.  It is very telling that the 50 is being removed, and the 250, 500, and the 1000 all are in the process of being replaced by expensive high security notes.  All are less than a dollar and are not worth being counterfeited as witnessed by the fact they have never been counterfeited.  It is only in a situation that the rate changes significantly that these not would need to be protected.  And IMO we are seeing just that.  The precursor to the deletion of the zeros project being implemented. 
______________________________________________________________

Backdoc - [WE FELT VERY STRONGLY THAT THE TARIFF AND TAXES WERE TO START MARCH 1 ...DO WE STILL THINK THAT  WILL HAPPEN?] HERES MY TAKE…IF WE DONT SEE THE RATE AND THEY LAUNCH THE TARIFFS AND TAXES IT WILL ONLY ACCELERATE WHAT WE WANT TO HAPPEN UNDER THE NEW MECHANISM.  THE POINT HERE IS TO PULL OUT ANY REMAINING LIQUIDITY OR CASH OUT OF THE ECONOMY.  IF THE RATE IS NOT GIVEN ITS BECAUSE THEY WANT MORE OUT!!!   THIS WILL MAKE THE RELEASE OF THE LOWER DENOMS EVEN MORE SUCCESSFUL.
______________________________________________________________

Poppy3 - RICH FRIENDS, EARLY THIS MORNING [SATURDAY] PARLIAMENT MEETING REPORTS SEVERAL OF THE MAIN LAWS WE BEEN WAITING ON WILL BE FINISHED AND IMPLEMENTED TODAY [SATURDAY] AND TOMORROW [SUNDAY]. THE ABSOLUTE RUSH IS STILL ON TO COMPLETE THE FINANCIAL REFORM AND CURRENCY REFORM AND I AM MORE ENCOURAGED THAN EVER.  ALL INDICATIONS ARE THE NEW RATE WILL SHOW ANY DAY NOW AT ANYTIME.   ANY SPECIFIC DATE WILL NOT MATTER WHEN THEY FINISH THEIR CHECK LIST THEY HAVE TO COMPLETE…WE WILL SEE THE NEW RATE AND ALSO THERE HAS BEEN MANY REPORTS THAT THE NEW RATE WILL BE CLOSE TO WHAT I HAVE ALWAYS STATED I THOUGHT IT WOULD BE IN THE $3.00 PLUS RANGE
______________________________________________________________

Deletion of zeros .. vital project collides with the absence of economic stability

Deletion of zeros .. vital project collides with the absence of economic stabilityBaghdad / tributary cactus - Most specialists agree in the financial and banking affairs that deleting three zeros from the local currency is very important, however, that the conduct of this process at the present time is the decision is the right one may lead to negative results… (from 2013)

He continued Taan “was a panel discussion held by experts and specialists before the sacking of the governor of the Central Bank of Iraq where he led to the inability to delete the zeros at the present time.”

He suggested the miller to postpone the project to 2015 because the political, security and economic situation is unstable…

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

______________________________________________________________

Millionday - [do you think our back wall is now pushed back 60 days to get the 50's in?]   NO I JUST THINK THAT THEY ARE BEGINNING TO REDENOMINATE PER THE REPORT WE HAD TODAY…TO REMOVE THE THREE ZEROS IS WHAT WAS SAID AND THE LACK OF USE OF THESE THAT WERE FROM THE 2003 SERIES… JUST A FIRST STEP.
______________________________________________________________

Breitling The CBI announced they are going to retire the 50 dinar notes at the end of April…we basically have 2 months [to exchange them].  Is this something BAD that’s happening?  NO…nothing of the sort!  This does not effect everyone, but this effects me cause I have a ton of 50 dinar notes.  Here are the 3 things that this reveals:  1.  The reason they are taking the 50 dinar note out of circulation is because it’s value is so low that it’s not efficient.

2.  This tells us that instead of coming out at a certain rate, they are going to float it up little by little.  3.  They are going to get more notes out of the market by doing this.  The wealth that WAS in the 50 dinar notes goes into YOUR dinar…that’s not bad news that’s good news.  The wealth of Iraq is not going anywhere it’s just going to be crunched up and represented in the remaining notes.  This is the way it works with every currency…With every country if they reduce it [Their currency].
______________________________________________________________

My Ladies - MANY THINGS ARE TAKING PLACE IN IRAQ BEGINNING TOMORROW AND MOST OF THEM POINT TO THE COUNTRY BEING INTERNATIONALLY RECOGNIZED.  THE QI CARDS ARE GETTING READY TO REACH OUT AND TOUCH SOMEONE! THEY’RE SAYING THAT STARTING VERY SOON THE RETIREES LIVING OUTSIDE WILL RECEIVE THEIR PENSIONS ON THE CARD. UP TO NOW THEY HAVE BEEN SENDING THEM PHYSICAL MONEY. SO HERE IS ANOTHER SIGN THAT SPEAKS TO BEING INTERNATIONAL…THEY ARE SENDING THESE CARDS TO 4 COUNTRIES TO START.  WE HAVE DONE SEVERAL COUNTDOWNS OVER THE YEARS, LET’S HOPE THIS OUR LAST ONE.
______________________________________________________________

Experts: 50 dinars born “dead” .. and canceled due to fraud and the deletion of zeros

Experts: 50 dinars born "dead" .. and canceled due to fraud and the deletion of zeros

A source in the CBI revealed that the bank has decided to withdraw the currency of 50 dinars from circulation category because of fraud and conflict with other categories when deleting zeros from the currency, and while experts confirmed that the abolition of the small category guide to take prices upward trend, said the 50 dinars born “dead” because they are too small and cannot be accepted compared to other groups.

The Central Bank of Iraq, the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to “low value and stop the audience from the circulation,” according to a statement of the bank. A source in the CBI told the “term” that “the Bank does not want a conflict between the currency category of 50 dinars and 500 dinars in case of deletion of zeros from the last,” noting that “the central decided to cancel the deal with 50 dinars category formally instructed banks government and private bring this group to the bank in order to burn them.”…

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

tman23 - AS FOR ANYONE SAYING THAT HERE IN THE USA THEY WILL STILL HONOR THE 50 IQD NOTE EVEN THOUGH THE CBI SAYS THEY NO LONGER WILL…….WELL THAT JUST ISN’T SO…..AND IF THEY SAY IT IS THEN ASK THEM IF THEY WILL EXCHANGE SOME OLD IRAQI SADDAM NOTES!
______________________________________________________________

Millionday - THEY HAVE BEEN WORKING ALL DAY [FRIDAY]  TO FINISH THE ENTIRE OIL AGREEMENT WITH KURDS AND IRAQI FED.  THEY HAVE STATED THEY ARE VERY HAPPY WITH AGREEMENT ON BOTH SIDES. THEY HAVE FORMED A GROUP OF KURDS AND IRAQI MINISTERS THAT WILL MONITOR THE AGREEMENT. AS WE KNOW THEY HAVE ALSO AGREED ON FINANCIAL DISTRIBUTION SO NOW THEY ARE GOING OVER THE POINTS AND ENSURING THAT THE AGREEMENT IS ALL THAT BOTH SIDES WANT AND EXPECT.   THEY ARE SPENDING A LOT OF TIME FORMING GROUPS TO WATCH ALL ASPECTS OF REFORM AND ADVANCEMENT – IT HAS TO BE FOR SOMETHING OR THEY HAVE RUSHED AND WORKED LIKE THIS TO SIT IN A CHAIR AND THAT I DOUBT.  PARLIAMENT MEETS TOMORROW [SATURDAY] AND THE NEWS IS NOT REPORTING MUCH AT ALL BUT WE HAVE HUGE LAWS ON THE AGENDA…
______________________________________________________________

Jester - WE BELIEVE THIS THING IS CLOSE. WHEN SUNDAY ROLLS AROUND I AM HOPING TO BE ABLE TO UPDATE YOU ALL QUICKLY ON WHAT WE ARE HEARING…IT MIGHT TAKE SOME TIME FOR US TO SEE IT… BUT I AM BETTING WE WILL HAVE A GOOD IDEA…
______________________________________________________________

Kurdistan’s Texas oil tanker unloads in Israel

TEL AVIV, Israel,—An oil tanker from Iraqi Kurdistan that was blocked for months from unloading in Texas by a Baghdad legal challenge has sailed back to the Mediterranean and delivered its cargo to Israel, according to trading sources and ship-tracking data.

Ship-tracking data this week showed the tanker sailing fully-laden towards the Israeli port of Ashkelon before its satellite transponder was turned off on Feb 22…

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

Frank26 - On Sunday the 1st of March in this 2015 …History will change in Iraq.
______________________________________________________________

Kaperoni - Article quote:  “…the 50 dinars born “dead” because they are too small and can not be accepted compared to other groups.“   [I take this as just more confirmation of good things to come and it has started.]  I do agree..and the time limit of only 60 days seems to tell me that they wanted to get this over with quickly so they can pursue that new policy.  Quote: ”A source in the CBI told the “term” that “the Bank does not want a conflict between the currency category of 50 dinars and 500 dinars in case of deletion of zeros from the last.“ I think the very fact that they mention deletion of zeros as a possible reason in this article implies that process is coming sooner than later.  Especially when they are only providing 60 days to redeem.  [...if an initial revaluation was coming first, the 50 note would definitely have value. to see it being removed leads me to believe the plan is already in place to come out with a float which means at least for a stretch of time the 50 note will have no significance and should be removed.]   …it will come out at 1166 and rise.  Not including any correction that may occur.
______________________________________________________________

Millionday - Article quote: The Central Bank of Iraq, the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to “low value and stop the audience from the circulation,” according to a statement of the bank. A source in the CBI told the “term” that “the Bank does not want a conflict between the currency category of 50 dinars and 500 dinars in case of deletion of zeros from the last,” noting that “the central decided to cancel the deal with 50 dinars category formally instructed banks government and private bring this group to the bank in order to burn them. “…

SO THEY ARE WORKING ON THE ECONOMY AND ITS RETURN WITH THE GOAL OF NOT ALLOWING INFLATION ETC — THEY STATED THE REASON THE 50`S ARE BEING PULLED IS THE REMOVAL OF THE THREE ZERO’S
______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

tlm724 - Article:  “Kurdistan announce the dinars from Baghdad and is preparing to pay salaries next week“  Quote:  “The amount of 250 billion dinars, arrived this afternoon from the central government to Arbil,” noting that “the amount will be transferred to the Central Bank “.   the budget money is flowing like water now…Wink. 
______________________________________________________________

Backdoc - NOW LETS TAKE A LOOK AT THE WORTHLESS 50 DINAR NOTE.   …THIS IS AN AWESOME CLUE RIGHT BEFORE YOUR EYES!   …WE WON’T BE LOOKING AT IT MUCH LONGER SINCE THIS WORTHLESS PAPER IN 60 DAYS WILL GET A FACELIFT! WHY BOTHER WITH AN ESSENTIALLY WORTHLESS 4 TO 5 CENT PIECE OF PAPER?  SINCE WE HAVE SEEN ARTICLES TELLING US IRAQ WANTS TO LAUNCH ITS’ MARKET ECONOMY BY THE END OF MARCH THEY WILL NEED A INTERNATIONAL CURRENCY RIGHT? RIGHT! THE CURRENT 5O DINAR WILL VERY SOON BE A TARGET FOR COUNTERFEITERS  SINCE IT WILL GO FROM CENTS TO DINARS RIGHT? RIGHT, THEREFORE A MORE SECURE NOTE WILL BE NEEDED!

…IF THE CURRENCY WAS ONLY GOING TO START AT .10 WHY BOTHER TO GET RID OF THE 50 DINAR NOTE? NOT THAT BIG OF A DEAL RIGHT? RIGHT!  BUT…IF THE DINAR RETURNS TO NORMAL AS THE ARTICLES STATE  “WHICH HAS BEEN OVER 3 FOR DECADES…”, THEN HOUSTON WE HAVE A PROBLEM!  IT’S POSSIBLE THEY MIGHT NOT EVEN HAVE THE 50 PRINTED YET SINCE IT’S NOT REALLY THAT IMPORTANT ONCE THE LOWER DENOMS GET LAUNCHED SOON!   WITH A BUDGET PASSED, PUBLISHED, AND WAITING TO BE OPENED IRAQ IS NOW AT THE MERCY OF THE INDEPENDENT CBI/OZ TO TELL THEM WHEN THEY CAN HAVE A LIVE CHANGED VALUE!

NOTHING AND I MEAN NOTHING WILL BE PAID OUT AT 1166…! THE BUDGET CAN NOT BE OPENED UNTIL OZ LETS IT GO OR 6 PLUS YEARS OF WORK REDUCING THE NOTE COUNT WILL BE OUT THE DOOR!  WE SAW ARTICLES ABOUT THE KURDS GETTING PAID, WELL, SORT OF.  THE CENTRAL BANK SENT THE MONEY TO ANOTHER CENTRAL BANK IN THE KURD REGION…NO ACTIVE BUDGET!  WHAT IS ACTIVE IS THE NEW MECHANISM CONTINUING TO STARVE CASH DOLLARS AND “ANY 50 DINAR NOTES”…IN THE ECONOMY RIGHT OUT OF EXISTENCE!  WHEN THE TIME IS RIGHT OZ WILL TELL THE CBI TO OPEN THEIR BUDGET BECAUSE HE WILL ACTIVATE THE FUNDING!  IT’S NOT IF IT WILL COME, BUT RATHER WHEN IT WILL COME…  WHEN? ON OR BEFORE THEY LAUNCH THEIR MARKET ECONOMY!  IRAQ WILL BE ON ITS WAY TO BECOME THE NUMBER 1 CURRENCY IN THE WORLD…
______________________________________________________________

Breitling - I’ve always stated that if they ever did close the auction floor that something is coming down the road…this is still true today.  This is good news for us but it doesn’t mean it’s going to happen next Friday.  Here’s the most important thing…the idea going around is that it’s getting harder and harder to get dinar out of Iraq.  The reason it’s getting harder and harder is cause they reduced the note count.  This is a big deal.  You will always be able to get it but it’s getting tougher and tougher.

It will revalue.  There are 2 stated goals by the CBI and this is backed up by the MOP and MOF…first they want to get to a buck and this is a process and then they want to get to 3 dollars and this is a process. so let the process happen…”They” talk about these “laws” [that are supposedly out there], saying only so much dinar can come out of Iraq…How is it then that the Bank of America has a seat on the auction floor and literally bought millions and millions of US dollars worth of dinar who sold it to Chase bank who then sold it to me?  So basically there are two banks who “illegally” sold dinar…none of that fits…it’s common sense.  It’s tougher and tougher to get dinar cause it’s not the wild wild west anymore and will get tougher.
______________________________________________________________

Shredd - FATCA…this Act focuses on US-based investors having foreign accounts and accurately paying taxes on them.  Iraq officially looking to join Foreign Account Tax Compliance Act.  what people need to understand is in many ways, investment couldn’t have happened prior to this because the compliance and protections were not in place.  It’s a big deal and fits perfectly with how Iraq has been paving the way for US investors to be able to invest in iraqi-originated debt. This means when the dinar is stronger and investors want to get into the iraqi market, they’ll be able to. This is part of the horse before the cart!
______________________________________________________________

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

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

Estimate the shadow price of foreign currency:

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

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

The Republic of Iraq – Ministry of Planning

______________________________________________________________

Millionday - HERE IS A GREAT ANNOUNCEMENT…   Quote:   ”Under the auspices of the Iraqi government of national reconciliation .. (Baghdad Declaration) .. Location: Baghdad (House of Representatives – House of the People) When: Month February 2015…“   ACCORDING TO THIS – THE NATIONAL RECONCILIATION DECLARATION WILL BE WITHIN THIS MONTH – WOW…THAT IS HUGE AND WITH ALL WE ARE SEEING AS WELL WITH THE MONTH OF MARCH BEGINNING — HOLD ON TO YOUR HAT.
______________________________________________________________

Chattels - [if kurds got paid does that mean HCL is in effect?]  it means that there has been part performance on the temporary HCL agreement from december which is incorporated into the 2015 budget.
______________________________________________________________

TD - Discussions with my Kurdish friend (as always treat as rumor and please due your own sound diligence) (PUMPER DISCLAIMER). The old 50 notes are being exchanged due to wear and tear and to have better security enhancements with the new notes. Citizens inside the country will have 60 days to exchange them. What about the 50 notes outside the country? Well …. Try selling them back or try exchanging those and you’ll find out the answer.

(BGG ~ I already told everyone where to take these – see DINAR CORP… this is a harmful internet rumor ALERT!!)

The deletion of the zeros program has now been given an extra year to start and complete. It was originally to be a 4 year program and due to the need to still achieve security, stability and rollout the banking and capital investment initiatives it will now be delayed an extra year. The program was to initiate later this year but now won’t be till 2016. The major goal of crushing ISIS, retaking cities like Mosul, Anbar province, etc. is THE top agenda item this summer and fall with then gluing the national banking system and attracting foreign capital investments in the 4th quarter of this year. ALL is based on progress and conditions on the ground.
______________________________________________________________

Millionday - CBI IS PULLING THE 50 DINAR FROM THE STREETS OF IRAQ RIGHT NOW AND WILL BEGIN ON MARCH 1ST AND END APRIL 30TH.   THESE NOTES WERE ISSUED AFTER THE 2003 ECONOMIC CHANGES THAT OCCURRED — HOWEVER AT THAT TIME IN THIS SERIES THEY WERE NOT VERY USABLE DUE TO THE REFLECTED PRICING THAT OCCURRED WITH THE IMPOSED RATE — SO THE NEW SERIES WILL BE PUT ON THE STREET IN THIS CATEGORY.  [is this in country and outside too? All?]   THIS IS RELEASED TO THE CITIZENS SO THAT THE 50 DENOMINATION CAN BE EXCHANGED TO BE THE NEW SERIES AT THIS TIME –  NO REGULATIONS HAVE BEEN RELEASED YET IN INK TO TELL CITIZENS OR INVESTORS OUTSIDE THE COUNTRY OF ANY NEW REGULATIONS FOR THE BILL OR WHAT TO DO WITH THEM ETC.  THERE ARE IRAQIS OUTSIDE THE COUNTRY AND PEOPLE THAT HAVE 50`S OUTSIDE OF IRAQ…WE WOULD EXPECT SOME REGULATION RELEASED FOR THAT — WE HAVE TO WAIT AND SEE. 

[THEY DIDNT ANNOUNCE THAT I RECALL, PRINTING NEW 50 DINAR NOTES.  DO YOU RECALL THAT THEY ARE? THAT IS ALREADY DONE…PER REPORTS WE HAD SOME TIME AGO.   [were you excited and happy to hear about the 50 notes being called in?]   YES I WAS — IT IS THE BEGINNING OF THE REDENOMINATION AND RELEASE OF THE NEW SERIES TO THE IRAQI CITIZENS AND THE VERY LOW ONE — SMILE. 
______________________________________________________________

Dinar Morning Drive Call!!

w/BGG –  Thurs 2/27 (10AM Call)

Click on the banner in the upper right corner

Smart phone user link – Click here

______________________________________________________________

Poppy3 - …THEY KNOW WHAT THEY MUST FINISH AND ARE WORKING FRANTICALLY TO GET THERE. WHEN ITS DONE IS WHEN WE WILL SEE IT NOT BEFORE.   NO DATE MATTERS, THEY HAVE A LIST THEY ALL AGREED ON 6 PLUS WEEKS AGO AND SET IN MOTION TO FINISH ALL ON THE LIST ASAP.  THE BOTTOM LINE IS THEY ARE DOING THEIR JOB FOR THEIR COUNTRY AND WHEN THEY FINISH WE WIN AND BENEFIT JUST LIKE THEY WILL.  WE SHOULD ALL BE DANCING AND PREPARING FOR CELEBRATION…
______________________________________________________________

Millionday - IRAQ HAS ANNOUNCED THAT THE FIRST DISTRIBUTION WILL BE TOMORROW TO KURDISTAN…THEY HAVE STATED THEY ARE FLYING THE CURRENCY TO KURDISTAN – NOW LETS ASK OURSELVES BECAUSE WE DONT HAVE INK — WHY WOULD IT NOT BE WIRED? WHY IS IT BEING FLOWN IN?…VERY INTERESTING.
______________________________________________________________

Frank26 - IF I was The CBI and was about to distribute LD’s let alone further sub divisional fils of COINS then this is exactly what I would do. Because they are needed when 000′s are lifted. 1166 works well with 000′s but NOT with LD’s and coins.  You see…There is no other lower denomination.   Hence You start with THIS 50 as EITHER replacing it OR…   MAKE CHANGE. LOL…Actually in more ways than one…LOL.   …They will destroy the lowest and replace it with even lower categories of currency such as …I’s … 5′s … 10′s and coins of 1/4 … 1/2 … 3/4.   Here is another of my cookies…IOO The 50 will be made into change for The Citizens inside while outside …You will get a new rate to return ET Home.
______________________________________________________________

Kurdistan announce the arrival of 250 billion dinars from Baghdad and is preparing to pay salaries next week

Long-Presse / Sulaymaniyah The Central Bank announced in the Kurdistan region of Iraq, Thursday, arrived about 250 billion dinars from the central government to Arbil, while the Ministry of Finance in the region confirmed that the employees’ salaries will be distributed early next week.

He said the central bank director in Kurdistan Adham Khurshid in a newspaper quoted statements and media Kurdish and vassal (range Press), “The amount of 250 billion dinars, arrived this afternoon from the central government to Arbil,” noting that “the amount will be transferred to the Central Bank “…

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

Shredd - …what is happening now to the 50 dinar note already happened to the large 000 notes last year and the CBI didn’t discontinue the older versions which are the ones we hold. So, unless their plan has drastically changed since then, I think we can safely hope the cbi won’t discontinue them before we decide to exchange them. That said, like it’s always been, we just need to wait this out.  Additionally, if the cbi’s plan had changed, why wouldn’t they do it now along with the 50 dinar note (announcing the “old” versions of the newly upgraded dinar shall be discontinued after 60 days)?  I look at this move as something the CBI was going to eventually do anyways but I was thinking they would have done it much further down the road once a strong dinar value demanded usage of the 50 dinar note. Seeing they are making this move now, before any exchange rate change has occurred, makes me think the 50 dinar note will have a purpose much sooner than we thought.
______________________________________________________________

Tlar - Article quotes:  “Thursday February 26, 2015 14:35  said the Iraqi Central Bank, on Thursday, for the withdrawal of currency 50 dinars category of trading, indicating that the replacement will continue for two months.“  “the banks and their branches will start replacing these banknotes presented to it and without fee or commission,”   The only bill they did not reprint of the bills in circulation, is the 50.  I am guessing that the CBI saw this as a vulnerability so they made another strategic decision,  the decision to release the new 50 and quickly swap them out… The 50 is part of the new smalls… Once the current 50 has a reality value, Iran would definitely counterfeit it and we can assume Iran has known what the plan is since its inception .  Iran already has its distribution system in place along with the plates and more than likely the first counterfeits would be delivered in a few days.  There aren’t many 50′s being used in Iraq because of their low value.  I surmize the 50 will be the very first release of the new small even before they raise the rate
______________________________________________________________

tlm724 - Article  “Finance Minister announces staff self-financing companies paying salaries“  Quote:  “Zebari called during a meeting with a number of media self-financing companies to review the banks to take over the salaries of its employees…“  money is starting to flow out of the budget…appears the budget is open for business!  
______________________________________________________________

CBI Arabic Announcement Translated – “(Press release ) due to stop the public from trading cash paper category ( 50 ) dinars” 02/25/2015

M / statement issued by the Central Bank of Iraq

Due to stop the public from trading cash paper category (50) Dinara According to the authority vested in Article (36) of the Iraqi Central Bank Law No. (56) for the year 2004 it was decided as follows:

1 – to withdraw cash from the paper category (50) dinars from circulation.

2 – on the banks and their branches replace banknotes presented to it without a fee or commission, and the banks deposit with the central bank and its branches for the purpose of being the equivalent value in our calculations.

3 – The duration of the replacement category above two months starting from 03/01/2015 up to 04/30/2015.

4 – After the replacement for the banknote become null and void and has no legal tender and will not be accepted in the Republic of Iraq.

CBI
Baghdad
02/25/2015

Original Document Link:

http://cbi.iq/documents/press%20for%2025-2-2015.pdf

What’s strange is the word after (50)…Dinara…ديناراً

Either a typo or a different form of the word dinar…دينار

http://www.dinarupdates.com/showthread.php?15156-quot-The-Dinar-Daily-quot-Thursday-26-February-2015&p=98847&viewfull=1#post98847

______________________________________________________________

Aggiedad77 - …they give no details to HOW they intend to replace the 50 dinar notes…or what they will replace them with…2 20 dinar notes and a 10 dinar note?  OR…maybe this is the METHOD they will use to introduce the LOWER DENOMS!  …if it is the LD’s that are coming…they would not telegraph this intent to us I don’t think…because it would have to mean a rate change too…IMO.  [IS IT POSSIBLE THAT THEY WOULD ONLY REPLACE WITH ELECTRONIC VALUE IN THE BANK ACCOUNT?]   yes that is also a possibility…and a means for them to push out more smart cards since so many Iraqis do not trust banks at this time and may not have bank accounts…perhaps movement towards more e-banking...we continue to look for more concrete information as to what is really going on.
______________________________________________________________

Enorrste - Article quote:  “Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months.“  Here is the way I see this:  (1) The 50 dinar note, worth about 4 cents, is not being used in Iraq at this time. (2)  The newer and more secure currency that has been printed did not include the 50 dinar note, as I understand it. (3)  Therefore, since it isn’t the more secure note and isn’t used anyway, the CBI is removing it from circulation. (4)  They are giving about 60 days to get them all in, after which time the currency will be worthless. (5)  Doing this at this time…is probably in preparation for a rise in the value of the dinar. (6)  I say this because if and when the value rises, the CBI would not want these “old” notes in circulation since they do not have the proper security features.  (7)  Finally, “replacement” does not necessarily mean a new 50 dinar note will be issued.  I suspect that over time a new note will be issued, once the value has risen.  That is implied in the article, in my opinion. Therefore, I see this as part of the “clean up” process to get ready for the float.

______________________________________________________________

Administrator Bob - Article quote:  “Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months.”   It appears that the Central Bank of Iraq has decided to demonetize the 50 dinar note. They are giving Iraqi citizens a period from March 1st -April 30 to deposit or receive equivalent currency as replacement. After that the 50 dinar will have no value in Iraq. Currently, the 50 dinar is worth less than 5 cents US. 

______________________________________________________________

Parliament officially received the law of accountability and justice 


BAGHDAD / Obelisk: received the Presidency of the Council of Representatives, on Thursday, officially the law of accountability and justice.

The deputy chairman of the House of Representatives Aram Sheikh Mohammed’s office said in a press statement received “obelisk” a copy of it, that “the Presidency of the Council of Representatives received, today, the Justice and Accountability Act officially.”…

http://www.dinarupdates.com/showthread.php?15156-quot-The-Dinar-Daily-quot-Thursday-26-February-2015&p=98857&viewfull=1#post98857
______________________________________________________________

Arthur - People are asking me the same questions over and over so I will address them now. Q.  Is the HCL done?  A. NO It is not done and anybody saying it is either misinformed or doesn’t understand the process. They have agreed to agree on many parts of it and still working out the bugs on other issues….there can be no fully implemented budget and subsequent revaluation without it.  Q. Is the budget in the Gazette?  A. NO.  The budget has been outlined in the law review of the MOJ site and has been signed, ratified, and agreed upon at every level but not placed in the official Gazette for immediate implementation and disbursement of all provincial funding.  It can’t be be for obvious reasons but if it were, and still at the 1166 level we would all know it and it would not be anything to be excited about.

Q. Are we really close or are we waiting on June or further out?  IMO based on everything I see and am hearing from our Arteam we are closer than close.  Although nothing is impossible in Iraq, an unforeseen circumstance would have to occur to prolong this process indefinitely.  The GOI/CBI has fast tracked their own procedures by the cessation of the auction regime.  This tells us that they are assured of the timely passing of the necessary laws and riders needed to ensure the soon upcoming strength and international structuring of  the IQD or they could have easily maintained their auction protocol for a longer period and not added to the already unwieldy liquidity dilemma on top of the inflationary event that the tariffs will engender, tariffs of which they no longer have the luxury of postponing as they are part of the 2015 budget.  All indications are is that the cessations of the auctions was the beginning of a new mechanism and process that will by necessity soon include the revaluation of the Iraqi Dinar to an international reality rate commensurate with the current and future wealth of Iraq.

______________________________________________________________

My Ladies - THE 24 HOURS HAVE PASSED AND THE BUDGET IS AN OFFICIAL LAW…THEY SAY THEY HAVE APPROVED THE ALL THE FINANCIAL ALLOCATIONS OF THE BUDGET AND THEY ARE GOING TO START IMPLEMENTING THEM.  WE SEE THEY HAVE THE ENTIRE PLAN WELL THOUGHT OUT, BUT NOW TO IMPLEMENT IT IS SOMETHING ELSE. WE WILL SEE MUCH ACTION IN THE COMING DAYS BUT HOPEFULLY THEY WILL ADJUST THEIR CURRENCY FIRST…THE CABINET HAS THE IMPORT LAWS TO VOTE ON SENT TO THEM ON TUESDAY, THE NATIONAL GUARD LAW, THE INVESTMENT LAW, THE AMNESTY LAW AND YET IN TODAYS SESSION THEY READ A BILL FOR PAVING THE STREETS? HUMMM SORRY FOLKS BUT THAT STILL DOESN’T PASS THE COMMON SENSE TEST.

I THINK STILL WE NEED TO SEE MONEY BEFORE THESE IMPORTANT LAWS ARE EVEN READ IN THE HOUSE.   JUST IN NOW…THE AGENDA FOR THE NEXT PARLIAMENT SESSION, SATURDAY THE 28TH AT 11AM.  GUESS WHAT FOLKS THOSE VERY, VERY, VERY, IMPORTANT LAWS THAT THE CABINET FINISHED AND JABOURI IS CALLING ON TO HURRY UP AND READ, WELL THEY ARE NOT IN THERE AGAIN.   I DON’T THINK WE EVER SEE THEM GET PASSED BECAUSE IF WE ARE CORRECT IN OUR LINE OF THINKING THEY NEED TO FUND FIRST.

______________________________________________________________

POPPY3 - JUST IN TODAY RICH FRIENDS – THIS IS JUST PART OF THE PLAN. GUYS – MANY ARE LOOKING AT THIS INVESTMENT AND WHAT IS HAPPENING ALL WRONG…THINKING SOMETHING OR SOMEONE IS HOLDING THIS BACK. THAT IS THE FARTHEST THING FROM THE TRUTH.

I HAVE A KEY PERSON THAT IS BEYOND REPROACH IN HIS STATUS AND INSIDE POSITION.

HE HAS EXPLAINED THE PROCESS THEY ARE IN IS A PLANNED AND AGREED UPON PROCESS. ABADI, JUBOURI, BARZANI AND ALL THE LEADERSHIP HAVE AGREED ON IT, APPROVED AND THEY ARE CARRYING OUT STEP BY STEP.

I BEEN INFORMED TODAY THE FINAL PHASE OF THE PROCESS HAS STARTED. IT WILL PLAY OUT AS IT IS SUPPOSED TO PLAY OUT. FORGET ALL THE MINOR DETAILS OF THIS LAW OR THAT REASON – IT DOESN’T MATTER TO THE END RESULTS. I AM TELLING YOU THE PROCESS IS MOVING AS FAST AS THEY CAN GET IT DONE.

THIS WEEK, NEXT WEEK OR 30 DAYS FROM NOW, IT IS WHAT IT IS. THEY KNOW THE DETAILS AND THEIR JOB AND THEY HAVE ALL ASSURED ONE ANOTHER THEY ARE GOING TO FINISH. NO DATE IS A DEADLINE BUT THE PROCESS AND WHEN IT IS FINISHED WE WILL ALL BE BLESSED.

IRAQ WILL BE SAFE FOR MCDONALD’S, CITI BANK, DOMINO’S OR FORD MOTOR CO. OR ANY INDUSTRY TO DO BUSINESS IN. THEIR MONEY WILL BE HIGHLY VALUED AND TRADEABLE AROUND THE GLOBE.

NOW  ALL WE HAve to do is THE HARDEST THING OF ALL AND THAT IS WAIT. LET ME ASSURE EACH OF YOU THE WAIT IS SHORT AND THE BURDEN HAS BEEN LIGHTENED – WE CAN SEE THE PROGRESS AND HAVE BEEN ASSURED OF THE BLESSING COMING.

THOSE WHO HAVE KNOWN ME FOR MY LIFETIME KNOW I WAS ALWAYS THE MOST COMPETITIVE, CAN’T WAIT,  ZERO PATIENCE GUY YOU COULD MEET. I CAN FAITHFULLY SAY TODAY THROUGH WHAT GODS WORDS HAS TAUGHT ME – I CAN SMILE FROM HERE TO THE FINISH LINE AND PLAN FOR MY FAMILY’S FUTURE . SMILE RICH FRIENDS SMILE.

POPPY3
______________________________________________________________

Dinar Morning Drive Call!!

w/BGG –  Thurs 2/26 (1PM Call)

Click on the banner in the upper right corner

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

______________________________________________________________

wmawhite - tic toc, tic toc…that is the clock that is ticking at the CBI, BIS and at all of the central banks around to world as the CBI prepares to make their next and final move…JIMO.

______________________________________________________________

OOTW - well the budget, in full, is posted at the ministry of justice site – today [Wednesday] - it’s an active law.
______________________________________________________________

Tlar -  The CBI made at the least a temporary strategic decision to start selling the dollar again to the banks to cover the remittance side of what was the auctions When they pushed the responsibility for remittances over to the independent banks and cut off the auctions at the same time, they essentially left the bank with few options and almost no way to obtain the hard currency needed to pay these imports with.  On the one hand they said you have to now pay for international orders and imports but we won’t sell you the USD to be able to pay for it.  This immediately pressurized the system because potentially it stood to bring purchases to a stand still if not fixed

The CBI just released the pressure on this side of the equation by announcing they would again sell dollars to these banks, but just to cover remittances.  What they have yet to resolve is the liquidity problem in these same 32 banks.   Until they can resolve the liquidity issue for these banks, Iraq remains in critical mass IMO.  IMO they just don’t have enough dinars to open the budget at 1166.  To me that says something has to change before March 1st when they implement the tariffs and taxes, not 45-60 days down the road.  To me they can’t stay where they are, they have to move forward with monetary policy change or this problem will exacerbate.

______________________________________________________________

Millionday - IT LOOKS LIKE THEY ARE ASKING FOR EXECUTIVE ORDERS WITH HCL – FROM BASRA…THEY ARE ASKING THE PRESIDENT TO MOVE FORWARD WITH THE HCL PER AGREEMENTS MADE.   [Does the HCL have to be done before they can do anything with the Dinar?]  THAT WOULD BE UP TO THE PLAN THEY HAVE FOR THE COUNTRY… THE TIMELINE THEY ARE WORKING WITH HAS NOT BEEN RELEASED TO US — WE DONT KNOW THE DATE…THEY…ARE WORKING VERY HARD TO MOVE FORWARD – ABADI PROMISED TODAY TO THE CITIZENS THAT THE ECONOMIC CRISIS WOULD END — THAT IS A HUGE STATEMENT.
______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

Kaperoni - I am not expecting much at the start..maybe a few dinar from 1166 to 1160 or so. Parliament has work to do to get the economic train moving down the tracks…IMO, this will start slow and progressively get better as investment and economic progress takes hold. This is not some overnight event. Remember the CBI said just a few months ago that they have slated 4 years for the process.
______________________________________________________________

Millionday - KURDISTAN IS DENYING IN THE PRESS THAT THEY HAVE AN ISSUE WITH THE OIL AGREEMENT AND THAT THE PREVIOUS GOV CAUSED THE ISSUE BUT NOW THEY ARE AGREEING.  THEY ARE ANNOUNCING THAT THEY HAVE COME TO AN AGREEMENT ON THE DISTRIBUTIONS ACCORDING TO REPORTS I HAVE.  [ IS THE VOTE ON SCHEDULE FOR THIRSDAY FOR HCL?]    THE MONEY BEING SENT IS ON THE SCHEDULE…MONEY TO BE SENT TO KURDISTAN WILL BE DONE ON THURSDAY. 
______________________________________________________________

LJ - the “stability” we are looking for is to have LAWS, not the “stop blowing things up” kind of stability.  …some of the laws cannot be done in that basket and will have to be passed separately...they amended changes to the oil and gas law to make the Kurds happy…HCL is NOT done...if we get to June and no changes have taken place regarding the Sunnis and Kurds, things will not look so pretty.
______________________________________________________________

Dinar Morning Drive Call!!

w/BGG –  Wed 2/25 (10AM Call)

Click on the banner in the upper right corner

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

______________________________________________________________

STRAIGHT TALKING MIKE - …the C.B.I. stopping the auctions…what this does is it forces everyone (the citizens) to go to the banks now and start using them…they want the banking system up and going and ready to go and that they are basically there…the auctions stopping is NOT a precursor to an rv…this was a great step for the C.B.I. in moving forward…we need the Investment Law in place to start to help out the bank side of things...stopping the auctions basically puts a stop to the money exchangers on the streets. They are strengthening the banking system now for people to start trusting the banks. This should cut out a lot of the corruption in the banking system…once they get through there crisis with the Kurds…they will start to focus on passing Laws.  [IMO] there will never be another (currency) investment like this ever again!
______________________________________________________________

Millionday - THEY HAVE A SIGNED PLAN BY THE WORLD BANK AND IT HAS NOT YET BEEN ACTIVATED — THE ADOPTION OF THE MONETARY POLICY AND THE REFORMS WILL ACTIVATE THAT PLAN FOR IRAQ. THEY NEED TO GO OVER EVERYTHING TO MAKE SURE THE ACTIVATION OF THE MONETARY POLICY AND REFORMS ARE ALL DONE CORRECTLY.   THEY ARE STATING HERE THAT THEY HAVE BEGUN THE FOREIGN REMITTANCE SYSTEM – THEY ARE MOVING FORWARD WITH THE PURPOSE OF THE BANK FOR THE STABILITY OF THE IRAQI DINAR EXCHANGE RATE AGAINST FOREIGN CURRENCY THROUGH EXCHANGE TO MEET THE NEEDS OF THE FUNCTIONS OF THE BANKING SYSTEM.  THEY ARE WORKING TOWARD THE REFORMS AND MONETARY POLICY BUT HAVE NO DATE AS TO WHEN.  THIS IS BEING STATED TO THE CITIZENS –VERY EXCITING. CBI IS SAYING THEY ARE MOVING FORWARD WITH MONETARY POLICY — WHEN IS THE ??? THAT WE DO NOT KNOW.
______________________________________________________________

Adam Montana - This week is an interesting one. The budget is 100% done, which is exactly what we want. The CBI is mucking around with their auctions… and there’s a ripple effect happening right now, which will have an impact on the ISX and a lot more… but the fact that the CBI is changing things up has me asking questions, and I’m getting some VERY interesting responses.  [ it appears that the budget has been passed and published in the Gazette. You have always talked about hca, budget, hcl and then rv.  Would the hcl language be covered in the passed budget or should we be looking for an explicit law that will be passed and then also published in the Gazette?]   It does appear that there was HCL-specific text in the budget, but the HCL has to be passed on it’s own. In other words, the budget supports the HCL, but the HCL will be a completely separate deal. With any luck, it will be dealt in short order! 

[Do you think the Dinar will come out at 1166 in a FLOAT?]  I don’t see them doing that…    [Do you think we will have RV by the first quarter (March 2015)?  Also saw articles in regards to the HCL and wondering is this the hold-up of the RV?]  I certainly hope we’ll see the RV here in the first quarter, and yes the HCL is the holdup.  [The biggest news this week seems to be CBI stopping their daily currency auctions.] I love it when the CBI starts playing with things. It means they are getting ready to do something!  I have a feeling that I’ll be getting some feedback here shortly, and at that time I’ll do another “driveby” or formal post…With that said, I’m going to make this update short. Until that next post… hang tight, my friends! I’m just as eager as you are for some great news, and it looks like we’re closing in!
______________________________________________________________

My Ladies - THE PROCESS CONTINUES…THERE IS NO WORDING IN THE CONSTITUTION THAT SPEAKS TO FUNDING THE BUDGET PER SAY. HOWEVER IT IS IN THE CONSTITUTION THAT AFTER 24 HOURS OF PUBLICATION IN THE GAZETTE ANY PRINTING BECOMES LAW.  SO FOLLOWING THAT IT IS REASONABLE TO ASSUME THE BUDGET IS LAW IN 24 HOURS FROM LAST NIGHT.   WITH THE BUDGET BEING LAW IT IS REASONABLE TO ASSUME THEY WILL NEED TO GRADUALLY BEGIN FULFILLING OBLIGATIONS IN THE BUDGET.  IT IS UNREASONABLE TO ASSUME THAT THE ENTIRE AMOUNT OF THE BUDGET WILL BE FUNDED IN 24 HOURS AS IT IS A 52 WEEK BUDGET, SO IT HAS MONEY IN AND MONEY OUT CONTINUOUSLY.

BUT IT IS REASONABLE TO ASSUME THAT SINCE THE ENTIRE REVENUE OF THE BUDGET IS BASED ON OIL THIS TIME THAT THERE WILL NEED TO BE A CONVERSION RATE FOR MONEY COMING IN BEFORE THEY CAN BEGIN SENDING MONEY OUT. NOW I DO NOT WANT ANY OF US TO GET STUCK IN A 24 HOUR WHEEL SPOKE BECAUSE THAT IS NOT WRITTEN ANY WHERE. BUT WE DO KNOW THAT THE MONEY IN NEEDS TO HAPPEN REASONABLY SOON. I ASSURE YOU 100% THAT NO ONE IS HIDING ANYTHING…IRAQ IS A COUNTRY…NOT A GAME OF HIDE AND SEEK. THEY ARE SHOWING US EVERYTHING WE NEED JUST TO KNOW WHERE TO LOOK AND PUSH ALL THE HORSE FEATHERS ASIDE TO SEE IT. THINGS ARE VERY GOOD …VERY VERY GOOD…WE HAVE WHAT WE NEED THE BUDGET AND THE AUCTIONS AND NOW WE JUST WATCH AND WAIT.  

______________________________________________________________

Millionday - [Do we know for sure the whole budget has been printed in the Gazette?]   THEY STATED IT WAS…HERE IT IS  “Number (4352) to ensure the doors of the budget disbursement for fiscal year / 2015 Iraqi Gazette newspaper published the general budget of the Federal Republic of Iraq“  BOTH CHAPTERS… THIS IS THE FORMAL SITE…THERE IT IS.
______________________________________________________________

Frank26 - Most alphabet agencies are still in Iraq.  The World Bank did a lot of work last week. The BIS did a lot of work this week. The CIA was in Iraq (as reported in the press) and other related agencies that protect and help out. Everyone knows what is about to happen with Iraq.  There is a UNITY in the middle east…working together. Amazing. THREE FACTORS will affect our investment.  #1 – The American Dollar going up in value.  #2 – The American Economy going up  #3 – Oil prices will go down.  All 3 occurred and helped to accomplish the mission…laws in the budget (over a thousand of them) needed to be in place to ACTIVATE the budget. The HCL is my favorite. The budget approved, passed, signed  and in the hands of the Gazette.  Forget about the dates things should appear in the Gazette.  The budget is published  and will be shown to the world at their [Iraq’s] pace. The laws are in the budget  but the budget is NOT activated. Published but not ACTIVATED. 

They are working on the math right now and they don’t want you to see anything right now. The budget is set at $60 a barrel. Anything past $60 a barrel is going to be fantastic!   iTeam was called back from SA  for a specific role…to protect Shabbi  (in doing so you protect the budget) …mathematics orchestrated by Shabbi.  We asked them  “Do you think the RI is in motion?”  Usually they don’t say but this time they said  “yeah…maybe.”  Please pray for them and their safety.  iTeam has told us that we have a “back-wall.”  That back-wall is a week from [Monday]. The budget is at 1166  and that’s ok because that is the only way they could open the budget …they have to activate the laws.  We are looking for a law…the one on March 1st…tariff and tax laws…perhaps a rider to be “activated” on March 1st.  iTeam says  Shabbi will not talk…he is there to complete the budget…but it’s all contingent on the taxes and tariff laws coming out  [approximately]  1st of March.  Shabbi will have the budget retro back to January 1st once ACTIVATED.  The date and the rate will come at the same time  in the still of the night  most likely on a Tuesday or a Thursday.   Iraqi TV..on the TV…ticker tape shows they are getting ready.
______________________________________________________________

Enorrste - Article:   “Experts: Central Bank faces the problem of the shortage of foreign currency and claiming to reassure customers“   Can you imagine the reaction of a local Iraqi businessman when he goes to the bank to buy some dollars and is told that they don’t have any?  What else could he do except use dinars, right?  Talk about turning the tables quickly!  Sure, some will find ways to get dollars from other sources, but not nearly enough.  Eventually, and probably sooner rather than later, people will realize that they have to use their own currency.  This will stabilize the market, at which point the CBI will be in position to allow the float.  As some have suggested, they may not even make a big thing about it.  The value of the dinar will just begin to rise, and the official rate will rise with it.  Of course at some point they will have to drop the fixed official rate.

The foreign remittances issue means that dollars can still be had by locals, IF they can find foreigners who will accept the dinars in trade.  This is the crux:  getting the dinar to be accepted as an international currency.  It could be a jerky road, but I think that the CBI is convinced that there is sufficient backing of their currency to see this through.  Hold on to your hats!  The next few turns could be scary.
______________________________________________________________

Tlar - Article quote:  “Prime Minister Dr. Haider Al-Abadi recently received in his office the director of the World Bank …On its part the delegation of the world bank expressed its intention to provide all kinds of support to Iraq and its readiness to establish programs and projects to activate public Banks, cooperate with the Iraqi Central Bank…“   This is the same thing the WB did in 2010 and again in 2012.  They said they would support the CBI and their deletion of the zero program with all tools necessary including loans.  Maliki stopped it then but there is nothing standing in their way now except fear itself.  This time they have committed and must follow through or not doing it could harm both their economy and their banking system.
______________________________________________________________

CoM approves amended draft of Supreme Federal Court

CoM approves amended draft of Supreme Federal Court Baghdad (AIN) –The Council of Ministers approved the final amended draft of the Supreme Federal Court and decided to hand it over to parliament for ratification. /End/ …

http://www.dinarupdates.com/showthread.php?15145-quot-The-Dinar-Daily-quot-Tuesday-24-February-2014&p=98626&viewfull=1#post98626

______________________________________________________________

sczin11 - THE TARIFFS MAKE NO SENSE AT THEIR CURRENT LEVEL OF DINAR VALUE…WOULDN’T PAY FOR THE PAPER THE BUDGET IS PRINTED ON.  THEY MUST HAVE A TRUE VALUE, AND THEY HAVE COUNTED ON THE REVENUES FROM THESE TAXES TO REDUCE THEIR BUDGET DEFICIT.  THEY HAVE USED FORMULAS TO ESTIMATE THE REVENUE BASED ON THE NUMBER OF DAYS LEFT IN THE YEAR…BASED ON WHATEVER DATE THEY CHOSE TO IMPLEMENT, ACTIVATE, FUND THE BUDGET…THERE IS NO GOING BACKWARDS, AND THEY CANNOT ADD DAYS TO THE YEAR. THE BUDGET ONLY GOOD FOR THE YEAR…POSTPONING WILL BANKRUPT THE COUNTRY…THEY WILL IMPLODE.  …I FEEL THEIR PLAN IS IN PLAY. THEY KNOW THE CBI MUST PROVIDE THE KEYS TO THE CAR…THEY HAVE NOT COME THIS FAR TO DERAIL!
______________________________________________________________

Randy Koonce - Again No one has cashed in. There are no #800 numbers no groups that you have to get in…Let me say where we are at this time… The pressure that was suppose to come in the 1st of February is just now getting there.  1st pressure point is the budget passed and being posted in the gazette…(this also enacted the tariff laws article 33 which was in the budget. They need an weighted currency that is international to use the tariffs… every time they were going to start the tariffs they just moved them… well the budget being passed prevents iraq from moving the date… it still has not set the date.  2nd pressure which is very big is the auctions have been stopped. (so the only way for Iraq to generate money is Auctions or Bonds and they cannot do the bonds until they have a currency above 0). From Last sunday Iraq can go about 10 days without having the auctions or Bonds…can they restart the auction,  yes…but why stop them just to restart them…so this is another pressure point…

3rd is the banks are not getting the large bills for the last 2 weeks.. So this tells us all is ready to change the rate…and the question is will they do it…4th the salaries for Iraq to be paid.. the finance minister wants to pay salaries they cannot do that without a rate change.  So the next few days are very big and tremendous pressure…So if Obama agrees that Iraq needs this done, we are out.  Can something go wrong, yes but given everything that is going on we know this should be over very soon…the Auctions give us the timeline.  if they get 10 days, each day after that would be tremendous pressure until they do it…And if they start the auctions up again.. we will have to wait longer.   Pray very hard that they do not start the auctions.  We are close.. Every large bank will exchange…Breathe..
______________________________________________________________

Backdoc - IMO GREAT INFO THE PAST FEW DAYS AS WE SEE THE MANY THINGS COME TOGETHER LIKE A HAND IN A GLOVE!  I LIKE THE COMMITMENT OF CROSSING THE LINE IN THE PROVERBIAL SAND ON STOPPING OF THE AUCTIONS!  “A NEW MECHANISM” IS NOW THE NEW ORDER! NOT ONLY DID THEY STOP BUT FOR SOMETIME BEFORE THEY STOPPED WE SAW LOWER NUMBERS!  VERY CLEVER AS THE CBI BEGAN EARLY TO BLEED THE DOLLARS OUT OF THE PUBLIC FLOAT AS WE SAW COMPLAINTS OF LACK OF CASH DINARS AND DOLLARS

WITH A BUDGET WAITING TO BE FULLY IMPLEMENTED WE ARE IN A GREAT SPOT!   EVERY DAY THERE IS NO CASH THE ECONOMY GETS TIGHTER AND TIGHTER! THE HUNGER FOR CASH WILL GROW UNTIL BING BAMM BOOM IS RELEASED IN ONE BASKET! WITH A FRENCH AIRCRAFT CARRIER HANGING OUT FOR SUPPORT, THE UST BOYS PUTTING THE HOUSE IN ORDER AND A HEIGHTENED LEVEL OF ATTACKS ON DASH WE ARE SPRINTING TO THE FINISH LINE!    AS I RECALL WE HAD ARTICLES CONFIRMING THE TARIFF AND TAXES LAUNCH ON MARCH 1ST?  AS I SEE IT WE NEED TO SEE A RATE ON OR BEFORE THAT DATE OR IRAQ WILL SIMPLY SIT AND WAIT DEAD IN THE WATER TILL THERE IS ONE!
______________________________________________________________

Experts: Central Bank faces the problem of the shortage of foreign currency and claiming to reassure customers

Experts: Central Bank faces the problem of the shortage of foreign currency and claiming to reassure customersBAGHDAD / Ghazanfar Laibi – Amer supporter Experts in economic affairs said that Iraqi banks began to suffer a shortage of liquidity in foreign currency (dollar), while the expected rise in the dollar’s exchange rate against the devaluation of the dinar as a result of stopping the auction currency, grumbling banking customers of non-receipt of money deposited by the dollar, stressing that handed over the money Dinars expose them to significant losses.

The expert in economic affairs Ahmed Fahmy in an interview for the “long” “The decision to stop the currency auction can be exploited in a positive way by the Central Bank and the Iraqi government,” noting that “the implementation of the resolution correctly is not easy, because we must limit the dollar and not to take it out of the market and thus strengthen the Iraqi dinar. “…

http://www.dinarupdates.com/showthread.php?15145-quot-The-Dinar-Daily-quot-Tuesday-24-February-2014&p=98641&viewfull=1#post98641
______________________________________________________________

Frank26 - I LOVE WHEN THEY HINT! Of course they do.  It’s called  the 4th part of the HCL and is buried in the 2015 budget. LAWS and NEW MATH are turning the budget from 11 years as a caterpillar to a Butterfly.
______________________________________________________________

Millionday - IRAQ IS OFFICIALLY TRYING TO JOIN THE ORGANIZATION THAT PROTECTS COUNTRIES FROM TAX EVADING THAT HAS JUST RECENTLY BEEN OUT IN PLACE – MEANING IT WILL NOT BE A TAX HAVEN FOR US CITIZENS OR ANY OTHER COUNTRIES.  THIS MEANS THAT THEY ARE PUTTING INTO PLACE THE LAWS THAT KEEP AMERICANS ETC FROM HAVING ACCOUNTS OF CASH THAT THEY DONT PAY TAXES ON WITHIN THE US ETC.  …I SAY THIS IS HUGE – WHY WOULD THEY NEED THIS TO BE APPLIED AND BE A PART OF IT UNLESS THEY WERE GOING TO BE INTERNATIONALLY RECOGNIZED? WHOOOPOW.
______________________________________________________________

Tlar - Article quote:  “Mostafa Hashemi raised the issue of a study on Iraq’s accession to Vta agreement…discussing the Ministry of Finance this issue with the government banks and the taxes and insurance companies.”  known “Alvta” which is an acronym for Foreign Account Tax Compliance Act as measures limiting evade US citizens from paying taxes to the government…“ I wonder if the fact that Iraq has not signed off yet to FACTA that this might be a reason to hold them up until they do?   Is the US muscling them into signing by not letting them finish their conversion until they do?  To our treasury department, this is a very important issue because of all the tax it stands to collect from this unique, one time event.  There is only one way that the Treasury can be assured of getting a handle on this and that is to get a complete accounting of any US citizen attempting to cash in Iraq by opening an account.   Just a coincident that these two events, Iraq looking as if their stalled in their transition and the FACTA issue being brought up at this time.   Might these things be connected?
______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

Millionday - [Did we get confirmation that the rest of the budget got into the Gazette?]   YES THEY ANNOUNCED THAT THE ENTIRE BUDGET HAS BEEN PRINTED — ACCORDING TO A COUPLE REPORTS…SO ACCORDING TO THEM IT HAS AND IS TO BE ACTIVATED NOW AND DISTRIBUTIONS WILL BEGIN THE BEGINNING OF THIS WEEK.  [ if the whole budget has been placed in the Gazette, doesn't that mean that the CBI has to fund it in the next 24 hours?]   NO IT MEANS THAT THEY WILL BEGIN AND THEY HAVE STATED THAT THEY ARE AT THE BEGINNING OF THIS WEEK.
______________________________________________________________

BGG - to address…ISIS being some “hold-up” – my info and sense might lead me to the exact opposite conclusion - ISIS may well be a “catalyst factor” to a more immediate RV…  further – I am suspicious the budget has been “slow walked” because they just don’t have the $$…some time ago I mentioned they had applied for loans everywhere – knowing this was coming. It may be they haven’t gotten the support they need to “cover” (which I’m thinking is the case) and had to “slow the process”… (budget process – that is…)
______________________________________________________________

tman23 - Article qoute: {Baghdad: Euphrates News} central bank, announced Tuesday, to stop work and currency auction system...AND….. begins remittance system……THIS IS THE WHISPER OF INTERNATIONAL !!!!!!!
______________________________________________________________

Follow us on twitter @DinarUpdates !!

tbob: The CoM has approved the final draft of the Federal Court law and submitted it to the parliament for vote!!

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

______________________________________________________________

Millionday - ABADI IS TAKING CARE OF THE HCL — FINISHING THE AMENDMENTS ACCORDING TO THE MEDIA.   IRAQ AND KURDISTAN HAS ACCEPTED WHAT HE HAS AMENDED.  THE AGREEMENT THEY MADE IS APPLIED IN THE NEW AMENDMENTS.  IT CONTAINS THE DISTRIBUTION OF WEALTH AS AGREED — GREAT NEWS.   THE LAW WAS SENT TO PARLIAMENT AS IS EXPECTED TO BE VOTED THROUGH.  [do you think oil & gas law will be in parliament tomorrow (Tuesday)?]  THEY STATED THAT WHEN IT WAS READY THAT THEY WOULD BE HAVING AN EMERGENCY MEETING SO EVEN THOUGH IT IS NOT ON THE AGENDA…– I WOULD NOT BE SURPRISED AT ALL.
______________________________________________________________

Tlar - …if they want the Iraqi’s to trust banks again, they better not drag this out.  This cannot continue for days …I don’t know what the holdup is but they better do it in the next couple of days or…reverse everything and re-start the auctions immediately…they can’t stay where they are.  They need to pull the trigger now before people loose total trust in the banks again and all the goodwill they have been attempting to install in the population is destroyed.  …my thoughts on the staging rate has never changed.  I think it will be a managed float from a staged rate.  That is what the 2008 Stategic Study suggested to the CBI as part of their summary.  I believe the Study is what they are following but that the rate suggested in it has been modified to fit the new facts on the economy and changes since 2008.
______________________________________________________________

Delta - CBI will fund Budget by…de-dollarizing with lower denoms…removing remaining USD for lower IQD’s…and to do so the rate must change…  Date…in the still of the night; on a Tuesday or a Thursday
______________________________________________________________

Enorrste - Article quote:  ”the transition to a new phase is to conduct foreign remittances through the banking system within the mechanism developed for it.”    Iraq is under the protections of Article XIV which prevents other countries from suing it for war reparations or anything else, for that matter.  Under this Article there are also restrictions placed on Iraq with the IMF.  However, all of the “big boys” are under Article VIII, which allows full international commerce, banking, etc., including the right to sue if necessary.  It is necessary for Iraq to move to Article VIII if it wants to open commerce completely At this point, some companies and/or countries are leary of investing in Iraq because if something goes wrong they have no recourse.  Opening up to foreign remittances goes a long way toward getting Iraq ready for Article VIII.  …foreign remittances acceptance means that people can move funds freely back and forth.  This means that if a foreign company wants to invest in Iraq it will have the ability to send home the profits.  This is huge. 

Furthermore…this change by the CBI allows for freely convertible currency between countries.  This gets us very close to an internationally tradable currency.  I am not sure that the dinar is quite to that point yet, but certainly it is heading in that direction.  If we see it begin to be traded electronically instead of only physically as we have gotten our dinars, then the currency will be truly freely convertible.  …if they do not change to a flexible exchange rate regime once this gets rolling then Iraq will begin to suffer inflationary pressures.  Therefore we may reasonably expect them to change the exchange rate regime in the near future.
______________________________________________________________

NOVA - There is only two choices for the CBI, because as of yesterday the value of the IQD IS ZERO!!! No Auction and No Exchange Rate. That Tells Me The Value Of The IQD IS ZERO.  SO THEY EITHER START THE AUCTION AGAIN AND SET A BUY /SELL RATE OR GIVE US THE EXCHANGE RATE.  WHICH ONE DO YOU THINK THEY’RE  ABOUT TO DO?  We Really Are At The End!!
______________________________________________________________

Enorrste - …once the CBI changes its exchange rate regime from a fixed rate to a floating rate then, ipso facto, the official rate becomes the street rate.
______________________________________________________________

House of Representatives vote to amend the Code of Criminal Procedure and finish reading the five laws header

Majlis deputies voted fourteen minutes, which was held under the chairmanship of Dr. Salim al-President of the Council and in the presence of 198 deputies on Tuesday, 02/24/2015, the draft law amending the Code of Criminal Procedure that ended with the first and second readings of the five bills. At the outset of the meeting followed To the Committee on Health and Environment issued a statement describing the Dr. Akram al-Hilali one media medicine in Iraq and the world, who passed away last Friday after he spent most of his life in research and medical work, referring to the march of the late abundant scientific achievements outstanding addition to the strong opposition of the former regime, which referred it to the retirement forcibly…

http://www.dinarupdates.com/showthread.php?15145-quot-The-Dinar-Daily-quot-Tuesday-24-February-2014&p=98633&viewfull=1#post98633
______________________________________________________________

Millionday - THE BUDGET HAS BOTH CHAPTERS POSTED IN IT ACCORDING TO NEWS.  [If the budget is complete ...now it'll go international...within 24/48 hrs?]  THEY HAVE NOT SAID HOW LONG BUT THEY HAVE MANY AGREEMENTS THAT ARE PART OF THE ECONOMY.   THE HCL IS ACCEPTED AND COMPLETE AND ALSO BEST OF ALL CONSTITUTIONAL…THE KURDS WILL BE GETTING THEIR FUNDS FOR OIL AND THE CITIZENS THAT WILL RECEIVE AS WELL…SO NOW IT GOES TO PARLIAMENT — EXCELLENT NEWS…PARLIAMENT RETURNS TOMORROW.   [do you think it is tomorrow parliament HCL?]   I THINK IT IS IN A HUGE RUSH AND MAY BE HANDLED TOMORROW – WE HAVE SEEN REPORTS THAT SAYS WHEN IT IS READY THEY WILL DO AN EMERGENCY VOTE ON IT.
______________________________________________________________

tman23 - The strange thing is that the 2015 Budget could have been published in the Gazette all at one time…And a commencement order by Abadi to enact only certain parts and given a date of future for others…This is the NORMAL…BUT…they didn’t do it this way which makes it sooooo strange…2 Possibilities exist…One is could there be more issues between Erbil and Baghdad that may exclude some portions of the Budget …well once again Abadi could just work with commencement orders…The 2nd speculation could be the numbers actually change…The CoM meets tomorrow and then 3/2 being the next…We need to see what comes out tomorrow from the CoM…and will there be any implementation orders issued.
______________________________________________________________

My Ladies - EVERYONE IS CALLING AND TEXTING AND FIXATING ON THE BUDGET TODAY…AND TAXES…WELL FOLKS WHO THE HECK CARES ABOUT THE BUDGET? WE SHOULD NOT BE HERE TO SEE THE EXPENDITURE SIDE OF IT ANYWAY.  THIS IS MUCH BIGGER, MUCH BIGGER…LOOK AT TIMING…UST IS IN IRAQ! THIS POINTS TO INTERNATIONAL FOR SURE, IF NOT RATE CHANGE…UST DOES NOT CARE ABOUT SOMETHING THAT IS NOT TRADEABLE…FACTA IS FALLING INTO LINE IN IRAQ.

THE CBI HAS BEEN CLOSED…NO AUCTIONS, NO MONEY IN AND NO MONEY OUT…THAT SPELLS CLOSED TO ME.  THIS CLOCK IS FOR SURE TICKING DOWN…THEY ARE ALMOST READY TO IMPLODE NOW…I’M NOT SURE HOW MUCH LONGER IT WILL BE.  Article quote:  “The decision to stop the currency auction can be exploited in a positive way by the Central Bank and the Iraqi government,” noting that “the implementation of the resolution correctly is not easy, because we must limit the dollar and not to take it out of the market and thus strengthen the Iraqi dinar.” THEY ARE SAYING IN SHORT HAND WE ARE DONE NOW.
______________________________________________________________

Council Baghdad: we will resort to the system of payment on credit after reducing the fiscal budget

Tomorrow Press / Baghdad: Baghdad Provincial Council, announced Monday that he will resort to the payment projects on credit after reducing the budget during the current financial year due to austerity measures.

The deputy chairman of the Council Faleh Mahmoud al-Qaisi for “tomorrow Press” that “many of the projects sponsored by the province of Baghdad stalled since 2014, especially service projects,” adding that “this is reflected negatively on the reality of the capital and the citizen basically.”…

http://www.dinarupdates.com/showthread.php?15138-quot-The-Dinar-Daily-quot-Monday-23-February-2015&p=98411&viewfull=1#post98411
______________________________________________________________

sczin11 - I MAINTAIN IF TARIFFS ARE TO BE IMPLEMENTED NEXT MONDAY, WE SHOULD KNOW SOMETHING BY THEN…THEY CAN NOT CONTINUE TO DELAY, OR THE BUDGET DEFICIT WILL INCREASE.  THEY NEED THE REVENUE FROM TARIFFS AS PART OF THEIR ATTEMPT TO BALANCE BUDGET…PART OF THEIR BUDGET DEFICIT REDUCTION PLAN…NEVER HAS IT, THE TARIFFS, BEEN MORE CRITICAL TO THE NEW IRAQ…AND IF THEY DELAY IMPLEMENTATION, THEY CANT MAKE UP FOR LOST DAYS OF REVENUE.   I BELIEVE THE MR [MONETARY REFORM]  PLAN IS IN MOTION, AND WE NEAR ITS END.
______________________________________________________________

Enorrste - The following is a quote on floating exchange rate systems:  “The debate of making a choice between fixed and floating exchange rate regimes is set forth by the Mundell–Fleming model, which argues that an economy (or the government) cannot simultaneously maintain a fixed exchange rate, free capital movement, and an independent monetary policy. It must choose any two for control and leave the other to market forces.” ”The primary argument for a floating exchange rate is that it allows monetary policies to be useful for other purposes. Under fixed rates, monetary policy is committed to the single goal of maintaining exchange rate at its announced level. Yet the exchange rate is only one of the many macroeconomic variables that monetary policy can influence. A system of floating exchange rates leaves monetary policy makers free to pursue other goals such as stabilizing employment or prices.”

As I see it, the CBI is giving up the fixed exchange rate so that it can seek free capital movement and an independent monetary policy (2 of the three mentioned above).  This seems pretty evident to me based on the Mundell-Fleming Model mentioned above.  They must give up one.  They certainly won’t give up their independence on monetary policy, and they are seeking free movement of capital.  Ergo, the fixed rate regime must go.   I am on record that it will begin within the next 15 to 45 days.  Others…think it may take until August.  I am arguing here for a sooner rather than later date for the reasons I have indicated. 
______________________________________________________________

Chattels - Indicative rates – 23.02.2015 with no relevant change for us and no auction results since 19-02 -2015.
______________________________________________________________

Ali Ghaidan ready to testify against “al-Maliki” and to present evidence on his conviction!

Orbit - A source close to the former commander of ground forces, Gen. Ali Ghaidan that the latter confirmed that former Prime Minister Nuri al-Maliki, the first charge and last for the fall of Mosul, however Daash…

http://www.dinarupdates.com/showthread.php?15138-quot-The-Dinar-Daily-quot-Monday-23-February-2015&p=98409&viewfull=1#post98409
______________________________________________________________

Tlar - They still officially have not put out the whole budget.  To my knowledge they have not put out the spending side of the budget as of late yesterday.   I think this is a very calculated move…  March 1st is the taxes and tariffs. …the CBI does not have the tools for the budget at 1166 and…an RV is the only option left for them.  They are boxed in so to speak.  Logically speaking from what we think we know at this time, they don’t have enough dinars on hand to open their budget without using the LD’s.  If they don’t RV they will have three choices only IMO with which to fund this budget.  Re-release the counterfeitable notes…  Second, quickly order and print more of the uncounterfeitable notes… Third…They fund their budget with USD which would mean restart the auctions continuing as they have done in the past.  I will not begin to worry or get nervous unless they publish the spending side of the budget and it is at 1166, and then they disburse the funds at 1166.  Until then I am comfortable with what’s going on and the feeling THIS IS IT AND MARCH 1ST IS NOW THE LAST BACKSTOP. 
______________________________________________________________

Millionday - [Is there any ink on a constitutional timeframe requirement to open (fund) the budget once it is published in Gazette?]   I KNOW THAT 24 HOURS PAST SIGNING WHICH THEY DID NOT FOLLOW SO I BELIEVE CORRECT IS WHAT THEY ARE SHOOTING FOR – THEY MADE IT VERY CLEAR THAT THEY ARE WORKING WITH A TIMELINE IN THE MEETING OF THE THREE PRESIDENTS SO THIS WILL HAVE TO BE APPLIED ACCURATELY MORE THAN BY WHAT IS WRITTEN IMO. THEY NEED TO HAVE EVERYTHING PREPARED FOR SUCCESS. THIS PLAN FOR IRAQ IS HUGE — IF THEY ARE NOT PREPARED IN ONE AREA OR THE OTHER — SUCCESS TRUMPS ALL.  THE PRINTING OF IT HAS BEEN ANNOUNCED TO ALL CITIZENS AND THE PRESSURE FROM THOSE SAME CITIZENS WILL BE GREAT – THEY NEED JOBS AND ALSO TO SEE IRAQ MOVING FORWARD — THIS GOV SEEMS TO SEE AND KNOW THAT AND ALSO SEEMS TO BE WANTING THE BEST FOR IRAQ…ABADI IS A GREAT PM IMO.
______________________________________________________________

Frank26 - [In order to enact or implement the Tariff Law by march 1, they must have a new rate? Correct?]   Yes but REMEMBER…As they are doing with Budget…So they can do with March 1st. They are NOT breaking any rules.  Just Your heart for taking it slowly.   IMO…This is wise.
______________________________________________________________

Video .. Maliki wanted to bribe the Chairman of the Iraqi-European relations in the European Parliamentary


______________________________________________________________

Millionday - CBI HAS STATED THAT THEY ARE GOING TO STOP THE AUCTIONS FOR FOREIGN REMITTANCE AND THAT WOULD REQUIRE INTERNATIONAL ACCEPTANCE AND ALSO IS PART OF THE MONETARY POLICY PER THE REPORT — THE BUDGET HAS BEEN PRINTED BUT THE REVENUES AND THEY HAVE DIVIDED THE BUDGET INTO TWO CHAPTERS – WE DONT KNOW IF THIS IS BECAUSE OF THE DISTRIBUTION OR FOR ANOTHER REASON UNLESS WE GUESS AND WE ARE NOT GOING TO DO THAT …THEY ARE NOT AND I REPEAT — ARE NOT GOING TO RELEASE EVERYTHING BEFORE IT IS DONE.   …WHAT WE KNOW AND CAN SEE…THE BUDGET IS DIVIDED INTO TWO CHAPTERS — AND DISTRIBUTION IS EXPECTED THE BEGINNING OF THIS WEEK — WE HAVE TOMORROW A MEETING WITH PARLIAMENT AND ABADI…WE HAVE AMENDMENTS BEING DONE TO THE INVESTMENT LAWS PER REQUESTS BEING GIVEN TO THE GOV.   I HAVE TO SAY — THIS ALL LOOKS VERY POSITIVE…THEY ARE SHOWING HUGE PROGRESS THAT WE HAVE NOT SEEN BEFORE.
______________________________________________________________

Enorrste - The implementation of tariffs in Iraq almost certainly will require a change in the exchange rate regime at the same time.  If the tariffs are implemented without a change in the currency regime, then prices in Iraq will go up overnight, literally.  I suspect that the tariffs could be imposed gradually, but I see nothing to indicate that this is what is planned.  On the other hand, the …article that came out yesterday about ending the auctions tends to point to a major shift in strategy rather than a piecemeal movement toward openness.  That being said, I am of the opinion that the institution of the float will commence either with, or shortly after the imposition of tariffs.  Otherwise there will be inflation in Iraq, on the one hand, and an inability of the locals to purchase foreign goods, on the other, due to the rise in the prices of those commodities.

Finally, since the vast majority of goods in Iraq are imported, this will affect the entire economy, not just a small sector of it.  Thus, the change in the exchange rate regime is, really, the only way to avoid massive inflation overnight.  If, as I suspect will be the case, the dinar is allowed to float, it will rise in value at least fast enough to offset the inflationary pressure from the tariffs.  My own view is that it will rise faster than the pressure from the tariffs and that there will be mild deflation in Iraq.  This will, then, with the imposition of the new system by the CBI, allow free access to Iraqi markets, which will bring in more investment quickly.  The new influx of money into Iraq from foreigners will offset the deflationary tendency from the imposition of the float.  Thus, all will work together at the same time to bring Iraq into “parity” with the world market.  I just cannot see how they can do one thing without the other (tariffs versus moving to the float).
______________________________________________________________

BGG - Here’s something a little weird – indicative rates listed on the CBI website are for 2.22 - however, the last auction shown is for the 19th…usually when the update the rate – they have the most recent auction listed as well…

If, in fact, the budget was published and the CBI auctions ended on the same day, it would appear to be very good news. We should wait and see what the next few days brings.
______________________________________________________________

The Central Bank suspended the auction currency

Source: Baghdad-Iraq Ahmed

The Iraqi Central Bank announced the discontinuation of the auction to buy and sell foreign currency, and banking on the responsible foreign remittances, as of Sunday. The Central Bank Governor said the relations, in a press statement, that he finished a new version and leave the old ways coupled with certain circumstances

cannot remain the Central Bank Governor,

http://www.dinarupdates.com/showthread.php?15138-quot-The-Dinar-Daily-quot-Monday-23-February-2015&p=98510&viewfull=1#post98510

sczin11 – THE FOLLOWING APPEARS TO BE SIMILAR OR IDENTICAL TO A PREVIOUS RELEASE WE SAW OVER LAST COUPLE OF DAYS..IT IS HOWEVER, TRANSLATED A LITTLE CLEARER, IMHO, AND IS VERY TELLING, IF TRUE, ABOUT THE FATE OF A VERY IMPORTANT POSITION HOLDER, SUPPORTER OF THE FORMER PM, MALIKI…READ VERY CAREFULLY, THE HIGHLIGHTED PART…

______________________________________________________________

sczin11 - IF IN FACT IT IS TRUE, THAT THEY HAVE WITHHELD THE EXPENDITURES PART OF BUDGET FROM THE GAZETTE…CAN ONLY MEAN ONE THING, IMHO, THEY ARE NOT READY TO FUND THE BUDGET…CBI NOT READY..OR GOVT NOT READY…SOMEONE NOT READY…THE GOOD NEWS, IMHO, THEY BETTER GET READY FAST IF THEY WANT TO IMPLEMENT TARIFFS BY NEXT MONDAY!  [they have delayed the tarrifs before. Why not now?]   THE ONLY EDUCATED ANSWER I CAN GIVE YOU IS THEY APPROVED A BUDGET BASED ON REVENUES FROM TARIFFS…IF THERE ARE NO REVENUES GENERATED BY TARIFFS, YOU CAN KISS THE NEW IRAQ GOOD BYE!  JMHO.

I MAINTAIN NEXT MONDAY IS A BACKWALL FOR VERY TELLING INFO…THE TARIFFS ARE TO BE IMPLEMENTED BY THEN, AND THE NEED TODAY MORE THAN PREVIOUS YEARS, IS THAT THEY HAVE BEEN FIGURED INTO THE BUDGET DEFICIT REDUCTION PLAN, THE TARIFFS THAT IS… TARIFFS AT THE CURRENT RATE TELL ME IRAQ WILL IMPLODE AND RETURN TO TRIBAL LEADERSHIP, JMHO.  SO NOW WE SEE WAIT THE NEXT FEW HRS, DAYS BRING…WILL THEY IMPOSE TARIFFS NEXT MONDAY? WILL THEY PUBLISH EXPENDITURES INTO THE GAZETTE? WILL THE CBI PROVIDE THE GO GO JUICE SO MOP AND MOFS CAN IMPLEMENT THE BUDGET?
______________________________________________________________

Poppy3 - TODAY IS AWESOME IN OUR INVESTMENT…IF YOU AREN’T EXCITED AT THE NEWS YOU SHOULD BE…BUDGET POSTED IN THE GAZETTE….I DIDN’T THINK THE NEW RATE WOULD SHOW TODAY BUT THEY HAVE TRULY SET THE STAGE FOR THEM TO RAISE THE RATE AT ANYTIME EXPECT CONTINUED REPORTS TILL LATE TONIGHT AND MANY MORE UPDATES TOMORROW ON ALL THE CHANGES THEY HAVE MADE TODAY.   THESE WERE NOT JUST ANNOUNCED THEY WHERE IMPLEMENTED.  THIS WAS THE ACTIONS WE NEEDED TO TAKE PLACE.
______________________________________________________________

Frank26 - We told You the budget would open at 1166…And on this date …Now watch the next step of this budget with The Laws in the comings weeks.  [Guru] DELTA told me yesterday that Iraqia TV is plastering the Budget and Economic Reform goals of the Budget to…THE CITIZENS.   Unless later today they shows us…Auctions have ended.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

@DinarUpdates retweeted…

Haider Al-Abadi ‏@HaiderAlAbadi  4m4 minutes ago

PM Al-Abadi spoke with reporters from Iraqi satellite channels. Interview to be broadcasted tonight at 9pm local time


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

BGG ~ This looks very promising…

______________________________________________________________

My Ladies - Quote:  “The new issue of the Iraqi Gazette number (4352), and included separating the first estimate of the federal budget for the financial year / 2015 revenue of  $ (940,483,641,39) ninety-four thousand and forty-eight billion three hundred and sixty-four million one hundred and thirty-nine thousand dinars.”    THE BUDGET HAS BEEN PUBLISHED BUT IF YOU READ IT CLOSELY IT SEEMS THEY SEPARATED THE CHAPTERS AND ONLY CHAPTER ONE HAS BEEN PUBLISHED WHICH IS THE REVENUE.   I THINK THEY PUBLISHED THE REVENUE CHAPTER AND THIS MADE THE AGREEMENT WITH ERBIL FOR PRODUCTION LEGAL…  THEY STILL NEED THE EXPENDITURE CHAPTER TO BE PUBLISHED. SO WE WAIT AND SEE WHAT THEY DO NEXT.

AS I THOUGHT THE FIRST CHAPTER MADE THE ERBIL AGREEMENT LEGAL…THE REVENUE PART OF THE BUDGET MADE THE AGREEMENT LAW BUT NOW THE KURDS WANT THE SECOND CHAPTER. THAT’S THE CHAPTER WHERE THEY GET PAID.  THE KURDS ARE DEMANDING THE SECOND CHAPTER OF THE BUDGET. THEY ARE THREATENING TO WALK AWAY AGAIN.

THE CENTRAL BANK AUCTIONS HAVE STOPPED AS THEY SAID THEY WOULD…THE EXCHANGING OF FOREIGN CURRENCY IS NOW UP TO THE INDIVIDUAL BANKS…BIG STEP BUT NOT QUITE BIG ENOUGH BECAUSE IT DOES NOT SEEM THEY ARE MOVING THIS PROCESS OUTSIDE OF IRAQ YET.  SO WHEN WE SEE THE AUCTIONS WITH ALL THE DIFFERENT CURRENCIES SOLD THAT IS BECAUSE THE CBI HAS BEEN DOING IT, BUT NOW WITH THAT JOB BEING ON THE INDIVIDUAL BANKS IT SEEMS TO ME THEY HAVE TO LEAVE THE BORDERS. SO WE ARE GOING TO SEE WHAT HAPPENS TOMORROW, THE DAY IS ENDED THERE ALREADY. TOMORROW THE WORLD WILL BE AWAKE AND READY TO PLAY.
______________________________________________________________

Enorrste - Article quote:  “Governor of the Central Bank, explained that “It is not true that the central stays busy selling the currency like ATM daily”, stressing that “the transition to a new phase is to conduct foreign remittances through the banking system within the mechanism developed for it.”   …the definition of foreign remittances:  Foreign remittance can be defined as ‘the purchase and sale of freely convertible foreign currencies‘.  The CBI is stopping the auctions, effective tomorrow morning. This is a fact. We know that the auctions were the primary monetary tool that the CBI used to hold the exchange rate on the street within 2% of the official CBI rate for the dinar.  To summarize:  the auctions are ending, being replaced with foreign remittances. Foreign remittances are only possible with a freely convertible currency. A freely convertible currency is one that is internationally recognized.   In order for this to work, the CBI will have to move from a fixed rate regime to a floating currency or suffer from inflation.   Therefore, I predict that they will do so sooner rather than later.  I predict within the next 15 to 45 days…
______________________________________________________________

NOVA & MY LADIES - YESTERDAY THE CBI TOLD ALL OF IRAQ THAT EFFECTIVE FEB 22ND THEY WILL IMPLEMENT A SYSTEM THAT WILL ALLOW THEM TO HOLD FOREIGN REMITTANCES ON THEIR BALANCE SHEET, AND LIKEWISE FOREIGN ENTITIES WILL BE ABLE TO HOLD DINAR ON THEIR BALANCE SHEETS.  THEY JUST TOLD US THAT THEY ARE GOING TO BE INTERNATIONAL ON THE 22ND.  WE ALL LOOK TO THE CBI NOW TO SEE WHAT THEY HAVE DECIDED ON FOR AN EXCHANGE RATE.

______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

Bondlady - Article quote:  “Iraqi Central Bank Governor disclosed the relationship to Sunday 22 of this month will see the discontinuation of the auction and the adoption of the banking system as a responsible foreign remittances…“   tomorrow folks they stop the auctions…no more auctions, thats huge… we had to see that before there could be a monetary change…its time to throw out the old and in with the new CBI procedures in order to diversify and move the country forward and grow the economy and banking areas up to pre war status…imo they are doing it and moving on with the CBI monetary reform…after all these years of the same monetary policy to see all that change and to come off the programmed rate will be huge…we don’t know what they will do yet and nobody does…we can guess all we want to but we don’t know if it’ll RV,  do nothing for a minute or a RI or a float…they need to get Iraqi’s used to dealing with dinar and not the dollar they have become so accustomed to…the CBI will release the new money…We don’t know what rate will be on those notes no one does but I feel like imo the CBI is about to show us soon!
______________________________________________________________

Tlar - Article quote:   “Tariq Al-araji Iraqi Central Bank Governor disclosed the relationship to Sunday 22 of this month will see the discontinuation of the auction and the adoption of the banking system as a responsible foreign remittances, referring to direct a study shows the feasibility of deletion of the historic heart in this stage.”    No more remittances.  No more auctions = RV.  They cannot RV without introducing a new currency.  Like I have been saying, this is the weekend and this is what we have waited for.  In the banks words, “Sunday it all changes“.  I feel pretty sure this is what we have been waiting for.  No more auctions is great but no more remittances is even better.  That means the banks will be doing wiring and such using the new swift codes Everybody relax.  It isn’t over until it is over.  We should know if this is it by Monday.
______________________________________________________________

Stryker - [via rsskelton]   Stryker does not do rates or dates, but does refer to windows of opportunity. In fact he specifically stated that…  Does he feel that Sunday is one of those windows? Yes, he does.  He did say he felt we had never been this close.  
______________________________________________________________

Number (4352) to ensure the doors of the budget disbursement for fiscal year / 2015

Iraqi Gazette newspaper published the general budget of the Federal Republic of Iraq - The new issue of the Iraqi Gazette number (4352), and included separating the first estimate of the federal budget for the financial year / 2015 revenue of $ (940,483,641,39) ninety-four thousand and forty-eight billion three hundred and sixty-four million one hundred and thirty-nine thousand dinars.

The general director of the Iraqi facts circle Hussein punitive, the newspaper included the publication of the income earned from the export of crude oil at a rate of (56) and fifty-six dollars per barrel and the rate of export of (330,000,0) three million three hundred thousand barrels per day, including (250,000), two hundred and fifty thousand barrels per day on the quantities of crude oil produced in the province of Kurdistan and (300,000) and three hundred thousand barrels per day from the product quantities of crude oil in the province of Kirkuk, to contribute to all the revenue actually income once the public treasury account.

He added that the second chapter of a dedicated budget of expenses and the deficit in the fiscal budget for the 2015 law, stressing that the total deficit planned for the budget was (254,140,654,10) twenty five thousand four hundred and four dollars and sixty five million Aravamaúh and ten thousand dinars.

http://www.moj.gov.iq/view.1420/

______________________________________________________________

Jester - THE INTERNATIONAL BANKING CONTACTS ARE FEELING GOOD ABOUT THINGS…MAIN CONTACT THAT ORIGINALLY TOLD US THIS IS A GOOD TIME…ARE SAYING NO CHANGE…I DON’T HAVE ANYONE RAINING ON THE PARADE RIGHT NOW… FOR THE FIRST TIME I CAN REMEMBER.
______________________________________________________________

Millionday - Quote: “All banks reported this mechanism”, and as pointed out that “the Central no longer a party to the process of buying and selling the currency,” revealed that “on Sunday will be the application of this mechanism.”  THIS IS…A STATEMENT FROM THE GOV OF CBI…ALL BANKS ARE READY AND HE IS PREPARED TO MONITOR THE ENTIRE POLICY- THE NEW ONE…NO LONGER WILL THE AUCTIONS BE PART OF THIS.  THIS IS THE MARKET MECHANISM WE HAVE BEEN TOLD HAS BEEN PLANNED.  HE WILL AND THE EXPERTS WILL BE CHECKING THE REMOVAL OF THREE ZEROS TRANSITION AND THE STEPS TO COMPLETE IT…AS IT WILL TAKE TIME…FOR THE PROCESS TO BE COMPLETE…FROM BEGINNING TO END.   [So according to this...tomorrow (Saturday) should be the last auction correct?]  YES…THAT IS THE FIRST SIGN WE SHOULD SEE — NO MORE AUCTIONS.   IN THE MORNING THE ACTIVATION OF THE MONEY LAWS WILL BE DONE AND ALSO ALL THE STEPS DESIGNED TO MOVE FORWARD WITH THE EXCHANGE RATES AND ITS STABILITY ALONG WITH FOREIGN EXCHANGE RESOURCES DESIGNED TO MEET THE NEEDS OF THE BANKING REFORM...THIS MEANS THE 22ND OF FEB — SUNDAY. 

[don't they have to have a rate to delete the zeros?]  THE REMOVAL OF THE THREE ZERO CURRENCY WOULD BE A RESULT OF NOT NEEDING THE LARGER DENOMINATIONS.  [does this mean that RV could happen at any time, maybe on publication of budget Sunday, or does the deletion of zeros refer to the RV, and is something that will still take much time in preparation?]  YES THIS MEANS THAT THEY COULD BE SETTING THE INTERNATIONAL RATES AND THE NEW PURCHASING POWER FOR THE DINAR AS WELL PER THE GLOBAL PRICING INDEX AND ALSO ACTIVATE ALL INTERNATIONAL BANKING AND TRADE MECHANISMS AS THEY GO – WE JUST DONT KNOW AND HAVE TO WAIT AND SEE BUT I HAVE TO SAY — THIS IS VERY EXCITING.

[So all this means is that Monday we have a great chance to go to the bank and cash in?]   THIS MEANS WE STILL DONT HAVE A DATE OR RATE BUT CBI IS MAKING HUGE CHANGES THAT THEY HAVE BEEN WORKING ON FOR THEIR REFORMS AND WE SHALL SEE WHAT COMES OF THIS AND WHAT IMPACT IT HAS TO ALL THE VALUES OF THE IRAQI DINAR DUE TO THIS CHANGE.   [Would you agree we will never have a date? Only a rate...?]   I WOULD AGREE THAT IT WOULD JUST SHOW AND NO DATE WILL EVER BE GIVEN AHEAD OF TIME — YES.  SO ONE LAST THING TO SAY ABOUT THAT REPORT… IT SMELLS OF ECONOMIC PROGRESS AND THE FACT THAT IT IS SUNDAY MORNING IS SO VERY EXCITING – SO I TOO CANT WAIT TO SEE WHAT COMES OF IT…WHOO-POW!
______________________________________________________________

Kaperoni - Article:   “Tomorrow is a new mechanism for buying and selling the dollar“  So my initial review of this is that the discussions last week about the auctions, the parliament limits, news rules for buying/selling are going into effect this Sunday.  This is all related to market rate and IMO an attempt to get into IMF compliance.  We will have to see how this new plan works come Sunday…with a current market rate of 1237 we have to hope that this will reduce the spread. Quote:   “the project is still there “adding that he” has direct development of a study to demonstrate the feasibility of its application and to ensure the safety of its application procedures “ …these procedures are getting rid of the old ways of doing the auctions and the central bank is getting away from being a currency exchanger…the Central Bank has better things to do than deal in a currency auction….these new processes are what all other central banks do that engage with the global economy. So this is a good thing.
______________________________________________________________

Tomorrow is a new mechanism for buying and selling the dollar

Baghdad Tariq al-Araji - Governor of the Central Bank of Iraq on the Keywords revealed that on Sunday 22 of this month, will stop work ERA Bank and the adoption of the banking system as being responsible for foreign remittances, pointing to the direct preparation of a study to demonstrate the feasibility of removing zeros in this Almrahlh.oavad relationship, a statement singled out the “morning “, that “the central bank since I assumed responsibility for the work to bridge the gap in his dealings,”noting that “it was the finalization of the new version and leave the old ways, coupled with certain conditions can not remain governor at the central bank, which has the functions and tasks big and important activities the national economy.”…

BGG – WOW?!?

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

Millionday - Quote: ”Iraqi facts circle, on Thursday, confirmed on Sunday that the next date of publication of the Federal Budget Law for 2015 in the Journal of the facts...”   THE BUDGET WILL BE PRINTED IN THE GAZETTE ON SUNDAY AND WORK IS BEING DONE NOW TO PREPARE TO SEND OUT THE FUNDS PER THE BUDGET.  THE BUDGET WILL BE PRINTED IN 3 LOCATIONS — THE GAZETTE — DISTRIBUTION CENTERS — AND THE LIBRARY OF JUSTICE AT THE MINISTERS LOCATION — WHOOOPOW.
______________________________________________________________

Tlar - Article:  “Announced the parliamentary finance committee member Masood Haider, Friday, for the central bank kept the deletion of zeros from the Iraqi currency.“  If they open the budget at 1166 and dispense funds at 1166, it will be a major disappointment…I will view it as a major mistake and failure of the Abadi government to follow through.  While it is true it does not mean our investment failed, I do believe we will be in for another year of waiting if they miss this opportunity and another 12 months for Maliki to erode the effectiveness of the government…My fear is Abadi’s program will sputter out if they don’t do it now…   The encouraging thing to me about this negative article is that the CBI thinks “this is the time”…meaning to me the decision has been made by the CBI.  …time will tell.
______________________________________________________________

Adam Montana - [WHY do you think the 2015 budget has NOT been published in the Gazette as of yet?]  Calm before the storm if this is indeed our time! *fingers crossed*  There is more that I’d comment on, but at this time I’m going to bite my tongue and wait to see what comes through the pipelines… we are close to the end of this ride, but we have to wait it out.
______________________________________________________________

Kurdistan ‘open for business’ despite ISIS war 


NEW YORK – Kurdistan’s new envoy to Washington has sought to persuade American businessmen that the threat from Islamic State (ISIS) militants is under control and that Iraq’s northern region is a safe destination for investment.

In one of her first official duties as the Kurdistan Regional Government’s (KRG) envoy to the US, Bayan Sami Rahman met members of the US Kurdistan Business Council (USKBC) on Thursday as part of a drive to drum up business in the turbulent region.

“The KRG is currently at war with ISIS, it is not a fight we chose,” Rahman said. “Since August of last year, Kurdish forces have both countered this menace and have retaken almost all of the Kurdish territory it had previously conquered.”…

http://www.dinarupdates.com/showthread.php?15128-quot-The-Dinar-Daily-quot-Friday-20-February-2015&p=98048&viewfull=1#post98048
______________________________________________________________

Frank26 - [Article]  The CBI has terminated the buy and sell period process internally within their banks…The CBI has a new mechanism for the buy and sell process internally within their banks.  They talk about the study of lifting the 000′s ……. NOT the lifting of the 000′s…IMO …… This is stupendous !!!  Such news should require an emergency ……. But TEAMS WANT to see what opens up this Sunday……. I agree…THE LAWS are about to be given LIFE via the legal opening of the 2015 BUDGET and THE CBI is saying ………. Yes……. They agree with this new …… GOICBI!  This is a serious accomplishment in the MR of the IQD …Your investment.  We have MORE…We need SUNDAY DATA first.
______________________________________________________________

Millionday - [...is there a way for them to fund the budget without an increase in value?]  THE REALITY VALUE DUE TO THE GLOBAL PRICE INDEX FOR A MARKET ECONOMY WOULD BE NICE TO SEE — THEY HAVE ALOT OF INTERNATIONAL CONTRACTS AND AGREEMENTS IN THE BUDGET – WHAT WE WANT IS TO SEE A MARKET ECONOMY AND KNOW THE TRUE VALUE OF THE DINAR FOR THAT MARKET – THIS IS FINANCIAL PROGRESS FOR IRAQ – AND WHAT IS NEXT WOULD TAKE A CRYSTAL BALL BUT WE ARE WATCHING FOR EVERY CLUE WE CAN FIND...STICKING TO THE INK IS WHAT I PREFER.  IF THE VALUE OF THE PURCHASING POWER OF THE DINAR CHANGES AND THE INTERNATIONAL RATES ARE RELEASED IT WILL BE DONE BY DATA ENTRY ALL AT ONCE — ELECTRONIC CHANGE IN THE MARKET — INCLUDING THE NEEDS FOR THEIR BUDGET ETC.  I DO NOT KNOW WHAT THIS WILL BRING FOR US — I WILL NOT CALL IT — SO KNOW THIS IS A HUGE WHOOPOW.
______________________________________________________________

Tlar - Article quote:  “but he pointed out that” this is not the time to replace the currency, and that the lack of security and economic stability in Albulad.”   While security is important this article implies that the CBI thinks the timing is right.  With all the recent changes in the banking sector, taxes and tariffs being implemented on March 1st, the swift coads being issued to independent banks, loc’s being pushed and bacvked by the CBI,currency being flown to outlying territories, budget being posted on Sunday in the Gazzette, economic laws being passed shortly if not already but just not published, there is plenty of things that screem the timing is right.  I have stated that we will know shortly because that is what I believe.
______________________________________________________________

Parliamentary Finance: Central Bank qualify the deletion of zeros from currency

Follow-up – and babysit – announced Almalahalgnapeh Committee, on Friday, for the central bank kept the deletion of zeros from the Iraqi currency.

(Meaning they, the CBI, Maliki, has, have been or is… keeping this from happening)

The committee member said Masood Haider, “it was a lot of studies on the subject of deletion of zeros from the currency,” adding that “the Central Bank has reservations about this thread a little bit, and we did not Nstda central bank director was not met, done to discuss this matter, as well as other officials in Bank “.

He added that “the process of deleting the zeros need to be in-depth study, because they greatly affect the Iraqi currency and the price of the Iraqi market and on the Iraqi economy in general.” (Really?!? So it isn’t a “currency neutral” event then)??…

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

Breitling   [Ultimately] They want to separate into 3 states (not 3 countries)…the Kurds, the Sunni and the Shia and they want to have equal representation and they want access to the oil and all that wealth.  In the end it’s all about that oil and it’s all about that wealth.  I don’t care what anybody says…that’s what they’re after…that’s what they’re killing each other for.
______________________________________________________________

Frank26 - The Budget IS PUBLISHED but not for eyes until SUNDAY.   
______________________________________________________________

Adam Montana - [In your opinion, Besides the HCL what is the single most important thing Iraq should do to achieve the RV/RI?]  That’s a tough one… I see the HCL as numero uno. If they pass the HCL and we don’t have an RV in extremely short order, I will owe you an apology!
______________________________________________________________

Chattels - my belief has always been that any comparison between Kuwait and Iraq regarding the alleged RI /RV of Kuwait’s currency after the Gulf is like comparing apples and oranges.   Kuwait’s currency value was depressed by the war and occupation and people bought it cheaply and made money when the value was no longer depressed…frankly, it is a fantasy to draw any favorable or insightful comparison(s) between the two events.
______________________________________________________________

Jester - THE IRAQI BUDGET SHOULD GO IN ON SUNDAY… GOT THAT FROM MY SOURCES…[GURU] TLAR…HE HAS IT RIGHT…THE WORD I AM GETTING IS IT WILL BE PUT IN THE GAZETTE ON SUNDAY… SAME AND WHAT HE IS SAYING…I AM NOT SAYING THAT SOMETHING COULD NOT HAPPEN TO MESS THINGS UP… IT COULD… IT HAS IN THE PAST… BUT FOR RIGHT NOW IT IS LOOKING PRETTY DANG GOOD.   SO…IRAQ GETS THEIR STUFF DONE ON SUNDAY.. 48 HOURS TO GET IT INTO LAW… FROM WHAT I UNDERSTAND.  
______________________________________________________________

Millionday - the Iraqi government requires them to sell $119 million worth of crude oil per day to clog the employees’ salaries,” expected “overcome this crisis with cash that the Iraqi government is facing in the coming months.  Mutlaq said that “the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week to enable them to exchange.”   THEY ARE REFERRING TO A COST ANALYSIS – THEY MUST SELL 119 MILLION US DOLLAR TO COVER WHAT THEY HAVE BUDGETED FOR THE MINISTRIES...THOSE OF US THAT HAVE BEEN HERE A LONGTIME KNOW THAT WE HAVE NOT READ THESE WORDS BEFORE FROM IRAQ — FUNDING THE MINISTRIES – WHOOPOW   …I FIND IT INTERESTING THAT THEY DO NOT STATE THE DINAR AMOUNT –  THEY WILL ONLY BE USING THE DINAR FOR THEIR NATIONAL CURRENCY PER REGULATIONS BY THE CBI — THE OIL IS PAID FOR IN US DOLLAR AND SENT TO THE CBI AND EXCHANGED THEN FOR DINAR.
_____________________________________________________________

Mnt Goat - We have been waiting for the opening of the 2015 budget and the distribution of allocated funds to each of the provinces. We know that in order to accomplish this they must complete the economic reforms and in particular the currency reform.  So yesterday, Thursday 02/19 out pops news from the Parliamentary Finance telling us that next week all the provinces will see the release of the federal budget funds for the ministries…Article quote: “…the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week…“   Earlier this week we also heard news of large sums of cash being delivered to Anbar  providence.   …these can’t be more 3 zero notes since there was a massive effort by the CBI to collect nearly 75+% of these old notes from the citizens. I believe they must be the lower denominations  since we heard earlier this month this distribution was about to begin. There are many other provinces that also received large sums for cash this week.

This all comes on the heals of this gold buying frenzy by the CBI we heard about recently. We also know that the chairman of the CBI wanted the revalued currency to come out at a very high rate to the international community and they were told they had to have solid assets to back it up. With the declining oil prices they needed to make this gold deal. Thus the gold. Do you see also why an RV rate of 10 cents or 40 cents, 1.17 or even anything less than the pre-war value is ridiculous?  They didn’t need the gold to back  that kind of initial rate. We know the free market is going to drive the rate into a buying frenzy once public but it is the initial rollout rate they must prove to the IMF its value.  I believe its all about to happen very soon. I am hearing they need the weekend (and maybe into early next week) to prepare and distribute the lower denominations.  I do not like to predict rates for the IQD but I am hearing that we could see a $3.58 up to $4.00 range when it goes international but certainly well over pre-war rates. Yes – it really is about to happen folks!
_____________________________________________________________

tman23 - As for the exchange rate of the Central Bank kept linking the Iraqi dinar US dollar system, and narrowed the gap between the official exchange rate in the market and the budget until it reached 2.6% last September, thanks to the line taken by the central bank towards the liberalization of the foreign exchange market…… THIS WAS AN IMF STATEMENT 12/31/2014…….  the official exchange rate in the market and the budget……. SIGNIFYING MARKET RATE AND BUDGET ARE TIED TOGETHER……
_____________________________________________________________

Tlar - Iraq has a liquidity problem.  Not enough dinars to go forward.  They either print more, or continue on dollarizing, or they must RV.  The new dinars are the smalls.  They are sitting and waiting release.  The choice to me is clear because releasing the smalls with a higher rate dedollarizes the country, alows them to start using the own currency and instantly solves their liquidity problem. …that’s the only option to me that makes sense.
_____________________________________________________________

Millionday – THEY ARE SAYING…THAT THE STOP IN PRODUCTION CHANGED THE COUNTRY`S BALANCE IN PRODUCTS AND OF COURSE SO DID THE INVESTMENT CLIMATE – SO NOW IT WILL IMPROVE WITH THE OPENING OF THE PRIVATE SECTOR AND THE MARKET ECONOMY – AN OPEN MARKET ECONOMY WILL ADD BALANCE AND IMPROVE THEIR INCOMES AS WELL SO THEY MUST BEGIN WRITING THE INVESTMENT LAW (AMENDING) AND ALSO CHANGING TO A SINGLE WINDOW — THAT MEANS LESS RED TAPE A ONE STOP SHOP FOR INVESTMENT PAPERWORK ETC.  THEY JUST NEED TO MAKE SURE IT IS SET UP JUST RIGHT FOR THE CHANGES OF REFORMS AND A MARKET ECONOMY — THEIR GOAL.   MEETINGS THEY ARE HAVING ARE ADDRESSING EVERYTHING THEY NEED TO MOVE FORWARD — LOVE IT.  THIS IS OBVIOUSLY REFERRING TO THE CHANGES FOR THE COUNTRY TO OPEN BACK UP TO THE GLOBE SO AS WE KNOW — THEY HAVE COMPLETED A LOT OF IT — SO THIS IS GREAT.
______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

Kaperoni - Article Quote:  “the ruling Dawa party on the verge of cracking the fragmentation because of Maliki and practices with Abadi, who belongs to the same party“  If the Dawa party (about 30-40 seats) falls apart it will only strengthen the other blocks. Which is good. And with the party falling apart, Maliki is losing control, and losing strength. Looks to me like his followers are abandoning him. Of course as Maliki gets more desperate, who knows what he will do.
_____________________________________________________________

Tlar - With the publishing of the budget we will soon know the truth one way or another.  If the budget comes out Sunday and a few days later they start disbursing the funds at 1166, then it is more than likely it will not happen this year.  So this is likely the weekend we should see a change if they are going to do it this year.  This budget takes all the guesswork out of this IMO…  There is plenty of rumors, some supported by articles, and intel is once again  heating up that support a change if that is what they do.  I am, like so many of you keeping my fingers crossed they actually do it this time.  This is a critical time for Iraq and we will see if they stand up to the challenges.  IMO their liquidity problem, their lack of dinars, will be solved with an RV and the release of the smalls, or they will have to fund their budget in USD.  All articles point to the fact that they want now to exclusively use dinar in country so again…  Ministries are calling for de-dollarization now.
_____________________________________________________________

Aggiedad77 - First…there is not likely to be a “new adjusted rate” …within the budget  …there is likely to be the “language” that will allow for a rate change Second…though it is possible I don’t see a rate being announced ahead of the publication of the budget.  Third… depending on what we see within the budget there definitely could be a time frame before we see the budget fully funded…we don’t know that time period though…it could be minutes, hours, days…but the longer they wait…the more we believe they hurt themselves.  Do not be excited about something we don’t control…you will be disappointed…be excited by the action you do see…the BEST is yet to come! 
_____________________________________________________________

Sunday .. publication of the budget in the facts of Iraq Law

BAGHDAD / Obelisk: Iraqi facts circle, on Thursday, confirmed on Sunday that the next date of publication of the Federal Budget Law for 2015 in the Journal of the facts, noting that the work is underway so far on the formulation and audited in preparation for deployment.

The general director of the Iraqi facts circle Hussein punitive, in a statement seen by “obelisk”, “The number of Sunday from the Iraqi Gazette, will include the publication of the general budget of the Federal Republic of Iraq for the financial year / 2015, all the details of the law,” he “provides the latest issue of the newspaper The facts of Iraq, in the approved distribution centers, and a library of justice in the ministry’s headquarters. ”

He punitive “The federal budget law requires several days to be drafted and printed in minutes being includes full details of a large number of tables and figures,” pointing out that “the Ministry of Finance will sign what has been drafted in the budget before it was published.”…

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

_____________________________________________________________

Arthur - There is not some special Gazette where they keep secrets.  The Gazette is the Gazette and there obviously is no budget in it yet because when it gets there the whole world will know that the budget is then legal, implemented and open and in the process of being distributed. The very fact that the budget has been signed and agreed upon but not yet in the Gazette tells us there are further steps that are still needed.  These steps they are trying desperately to get done by Sunday earliest.  Several two and three letter agencies are working feverishly with the GOI and the CBI to get this done.  We have to remember this is way bigger than just us few dinarians wanting a pay day…this is big international business which needs this done immediately if not sooner but according to international protocols and mechanisms that make it legal and permanent.  
_____________________________________________________________

Bondlady - Article quote:  “the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week to enable them to exchange.”   they are moving quickly to be able to release the fed budget next week…[I don't know what the hold up was on publishing the budget in the gazette...?]  it could very well be all the laws needed to pull all this stuff off….to make this budget work.  we still got a good shot for the 1st quarter imo.  I had said a few weeks ago…If they could open it by say March we could be in good shape to see some sort of monetary change…   imo even if it came out at a float instead of a RV or RI…supply and demand would drive up the rate pretty quickly… Abadi following the CBI instructions, CBI helping Abadis gov, Jubouri bringing the laws in an making them happen… its all good…  CBI has to show us the way for sure and I feel they are about to…exciting times for us dinar investors for sure after all this time.
_____________________________________________________________

tlm724 - Article quote:  “Finance Committee in the House of Representatives member Haider Mutlaq, on Thursday, that the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week…“   now they are getting right and we have confirmation from the Minister of Finance on this, let me show you… Quote:  “Implement the decision of the Cabinet in its meeting last Tuesday February 17, 2015, and pursuant to the Budget Law for 2015, regardless staff salaries self-financing companies, the Ministry of Finance has taken all necessary steps to pay those salaries procedures and starting from next week.”   I don’t know what the hold up was on publishing the budget in the gazette but they will probably publish it now.  I like the way things are coming together.
_____________________________________________________________

Sadr suspends militias after Sunni leader’s murder

ERBIL, Kurdistan Region – Shiite cleric Muqtada al-Sadr has shut down two militia groups…

after the assassination of a prominent Sunni tribal leader…

and the subsequent deepening of sectarian tensions across Iraq…

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

Millionday - UPDATE ON THE PRESIDENTIAL MEETING THEY ARE HAVING… THEY ARE MAKING AN AGREEMENT TO FOLLOW THE CONSTITUTION AND ALSO THE AGREEMENT ON OIL-THE BUDGET — AND THE ERBIL AGREEMENT WITH THE GOV PROGRAMS — THEY HAVE MADE HUGE AGREEMENTS WITHIN THE COUNTRY AND THEY ARE STATING THEY HAVE TO MOVE FORWARD WITH ALL THAT HAS BEEN DONE –  THE MEETING WITH THE PRESIDENTS IS POSITIVE AND ALSO VERY PRODUCTIVE IF THEY FOLLOW THROUGH – WHICH IT APPEARS THEY WILL BE HAVING SOME HUGE ANNOUNCEMENTS…IT APPEARS AS IF THEY WILL BE RESOLVING ALL OUTSTANDING ISSUES.
_____________________________________________________________

Hocus Pocus - here is the latest information that I have…Had a little convo with my friend today.  Exact words were “things are ramping up over there“  They are excited.  Having celebrations in the mosques. Very good feeling about how things are going.  The notes on the television there are “their money is going to be worth something again”.  The announcement from last week did not happen. I think they are waiting on it right now but the feeling is it is very close.

(Possible BS alert)
_____________________________________________________________

Millionday - …PARLIAMENT FINANCE IS INVESTIGATING WHY THE BUDGET HAS NOT BEEN PRINTED IN THE GAZETTE.   I HAVE TO SAY — I JUST DON’T THINK IT IS PRINTED YET – I WOULD SAY ALL MEDIA WOULD HAVE IN IT THAT IT WAS PRINTED SO I STILL DO NOT THINK IT IS PRINTED IN THE GAZETTE.
_____________________________________________________________

Government Abadi, shaking off the dust from the oil and gas law

Haider al-Abadi as government inherited challenges and tasks and projects unfinished from the previous government, the parliament, elected last year, inherited from its predecessor bills not approved during the previous legislative sessions…

…steps taken in this direction the agreement reached by the Oil Ministry with the Kurdistan Regional Government in preparation for the settlement of other outstanding issues between Baghdad and Erbil. In this atmosphere, were reported preparing a new project for the oil and gas law. The reports pointed out that the new project, who are eyeing the reasons that prevented the adoption of the previous texts in order to overcome in the new draft…

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

Tlar - According to intel the smalls have been delivered and picked up twice before indicating a reversed decision by the CBI.  This time this feels different  though because recent articles tend to support that they might finally be ready to follow through…in my opinion I think this is all over but the soap.  …do I think this intel is good, YES.  (we may be much closer than we think.  They can’t drag this out without the Abadi government loosing total credibility.)
_____________________________________________________________

Enorrste - Article:  “Expert: Maliki seeks to bring security chaos to scuttle the current government“   This is a frightening article indeed.  First, it indicates that Maliki’s action are not entirely in secret, which also means that he has a degree of confidence that he will succeed.  Second, we know that he has his own security force, but this article also seems to indicate that he is the “current deputy President of the Republic or the planning and implementation of security,” which may mean that he has even wider influence over security matters in the country than we might have thought.

Finally, the highlighted part of this article clearly indicates that Maliki is preparing to take action against Abadi “in the coming months“. Highlighted quote: ”He added Mashhadani that “there is an effort and a clear and serious by al-Maliki and his political team to thwart the current government and put obstacles in front of the current prime minister Haider al-Abadi,” likely that “the al-Maliki to bring down the current government or paralyzed as a result of planned al-Maliki implemented in the coming months.“   So, the question is this:  will Abadi be able to stop him?  Only time will tell, but the fact that no action has been taken thus far against Maliki seems to imply that he has some serious backing within the State of Law party (also Abadi’s party), to the extent that Abadi is apparently helpless to act.  I don’t like this.
_____________________________________________________________

home7

Iraqi Dinar/Dollar auction 2-19-15

Currency Auctions Announcement No. (2891)

This daily currency auction was held in the Central Bank of Iraq on the 19-Feb-2015

The results were as follows:

DETAILS                                                              NOTES
Number of banks                                                24
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)               85,993,000
Total offers for buying (US$)                           85,993,000

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

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/
______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

A very special thanks to all our members, MODS, VIP’s, Copy Cats and great researchers at

www.DinarUpdates.com

______________________________________________________________

Send us your info and posts – we’ll put them up!!!

send info to  dinarupdates@comcast.net

and be sure to save THE OBSERVER to your favorites. We update numerous times daily!!

31 Million views and counting!!

______________________________________________________________

Follow us on twitter @DinarUpdates !!

______________________________________________________________

*** Current Posts ***

______________________________________________________________

sczin11 - [whats your take on the ISX hype?]   …THE ISX IS KEY TO ER/MR REFORM GROWTH… WITHOUT IT, NO MONEY OF ANY CONSEQUENCE COMES INTO IRAQ - I STATED THAT THE COUNTRY WOULD IMPLODE, RETURN TO TRIBAL LEADERSHIP… THIS IS MUCH MORE PRESSURE ON THE CBI, THAT CAN NOT CONTINUE…AND IN LAST 24 HRS, WE ARE SEEING BIG COMPANIES TAKING MONEY OUT OF THE BANKS, AND THE BANKS BEGGING THEM TO COME BACK.
______________________________________________________________

Breitling - The ISX is correcting a little bit.  The rich have one thing in mind…to buy at garage sale discounts.  So what happened?  The ISIS came in the ISX [Iraqi Stock Exchange] took a hit…I personally started buying more and more and guess what?  It’s going up.
______________________________________________________________

Frank26 - K notes were made and designed solely for a Program rate that started around 4500.  Today it sits at 1166 AND LD’s / Fils coins Were made and re-designed with Kurd language solely for a HIGHER IQD RATE.  S.S. at The CBI is doing that right now.  
______________________________________________________________

IMF Staff Concludes the 2015 Article IV Mission for Iraq



Press Release No. 15/121

March 18, 2015

An International Monetary Fund (IMF) mission led by Carlo Sdralevich visited Amman from March 6–15 to conduct the 2015 Article IV Consultation discussions with the Iraqi authorities.

At the conclusion of the visit, Mr. Sdralevich issued the following statement:

http://www.dinarupdates.com/showthread.php?15250-The-Dinar-Daily-Thursday-March-19-2015&p=101481&viewfull=1#post101481
______________________________________________________________

Delta - WOW IRAQI STOCK EXCHANGE UP OVER 1000%.   IRAQI MEDIA SAID THAT ISX IS DOWN, BUT ISX SITE IS SHOWING HUGE INCREASE.. IMO…AFTER HOURS MARKET FOREIGN INVESTOR.
______________________________________________________________

tlm724 - ISX is up 1100% over night Today at 8:03 am.  [...something is up and I believe its a good thing.]  It appears you are correct. The ISX increase appears to have an huge influx of liquidity into mainly Bank and Insurance stocks to the varying tune of a 60-90 % increase.   …big investors are pumping money into the banks in Iraq and this shows a tremendous amount of confidence.
______________________________________________________________

tman23 - There are no pending laws that hold back a monetary change…ALL EXCUSES. How many times…have you heard and read they need this and or that…Only to be posted…that Shabibi was ready to pull the trigger in 2012…AHHHHHHH Guess that law expired!! The only thing holding Iraq back is IRAQ…Barzani told them (knowing the ESX was scheduled to open)…DROP THE 3 ZEROS BECAUSE KURDISTAN WILL NOT DEAL WITH THEM IN THE NEW MARKET…  Quite frankly I don’t believe the Kurds care for the excuses…YOU JUST GET IT DONE! They mention payment…And by good source I am informed of an amount of 1 billion dollars…This payment will be made BEFORE APRIL.  Let’s see how it “pans out”…but this is usually right on the money…no pun intended.
______________________________________________________________

Dinar Afternoon Drive Call!!

w/BGG –  from Thurs 3/19 (pm)

Click on the banner in the upper right corner

Smart phone user link – Click here

______________________________________________________________

Backdoc - THIS EVENING [WEDNESDAY]  I NOTICED A CHANGE IN PATTERN WITH THE CURRENCY RATE!  THE RATE ROSE TO AROUND 1130 TO 1140 DINARS TO A DOLLAR! THE DROP ON THE GRAPH WAS AROUND 6 TO 7 PM…INTERESTING!  ONCE THE ZEROS ARE REMOVED FROM THE RATE WE POTENTIALLY COULD SEE A STARTING POINT FOR THE FREE FLOAT IF THAT IS THEIR INTENT.  WE DON’T KNOW BUT IT SURE IS AN INTERESTING MOVE TO SAY THE LEAST!
______________________________________________________________

Millionday - [What happened to GREEN LIGHT by CBI?]  THE SYSTEM THEY HAD THE GREEN LIGHT FOR INCLUDED THE REMOVAL OF THE THREE ZERO CURRENCY FOR THE FOLLOWING TWO YEARS.  THIS IS OBVIOUSLY PART OF IT TO HOLD SOME OF THE US DOLLAR IN INVESTMENT BUT GREEN LIGHT LOOKS YELLOW.
______________________________________________________________

Jester - [are folks still excited?]  THEY ARE WAITING…SAME AS US…BUT VERY EXPECTANT.  [Somewhere in Dinarville I read...that the TV over in Iraq is saying they are now on step 4 of the reform...Just wondered if HP (Guru Hocus Pocus) had heard the same?]  I DO NOT THINK THAT IS SO… WE TALKED ABOUT IT SPECIFICALLY TODAY AND OUR SOURCES ARE NOT SEEING THAT.
______________________________________________________________

Throwback Thursday

The Exchange Rate of Foreign Currency in Economic Feasibility Studies 

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

Estimate the shadow price of foreign currency:…

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

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

Frank26 - The spreadsheet…on the 18th shows 1166 but don’t be concerned about that at all. What if I told you it was to send a message to the “bad guys”?   …the spreadsheet directs your eyes to the numbers that will add value to the end of their calculations that they are doing right now.  This action is not only historical but the spreadsheet is following a step-by-step process to add value to the end.  Now we told you it would be up there at 1166 but we also told you about the rider.  It looks like right now they may be trying to go between 70 to 75 cents. Maybe $1.20…maybe $1.30 or something like that. I don’t know.  Because based on where they are at that may be as far as they can go right now.   Our Teams also want you to remember that you should NOT ever compare Iraq to Kuwait!  Kuwait was not a MR…it was a reinstatement of their value.  Iraq is a monetary reform.  They are going to surprise the living daylights out of everyone real soon.

I-Team on the ground tell us that the citizens in Iraq were demonstrating today. They know it’s going to happen!  5 Providences are going to get 250 Billion dinars. At 1166? Why that is only about 50 billion per providence.  50 Billion can’t allow them to function for too long.  But what if that 250 Billion was say at the “NEW RATE”?!  The articles are now in BILLIONS…NOT in TRILLIONS! This is huge!!! This is NEW MATH…NEW NUMBERS… NEW RATE!  What was supposed to happen today (18th of March)? The private sector was supposed to be launched today. Did it? No…it’s waiting for the new rate!  Meanwhile  the IMF comes out today and says  “the IMF staff concludes that the 2015 Article mission 4 is completed!” WOW!  Let’s see what happens between now and Saturday the 21st!
______________________________________________________________

Adam Montana - [I have read some articles saying that the Kurds and Baghdad have agreed to most of the points of the HCL law.  Is this what you are hearing?]    Yes, you are correct – the majority is done and we are looking for it to be 100% complete any time now.
______________________________________________________________

Backdoc - WE SEE AN ARTICLE STATING WE ARE IN BETWEEN THE DELETING OF THE ZEROS AND THE RELEASE OF THE NEW EDITIONS OF CURRENCY!   NEXT, WE SEE THAT SWIFT CODES HAVE BEEN ACTIVATED BY EVIDENCE OF THE ISX TAKING DOWN ITS’ MESSAGE THAT A DATA FEED HAS BEEN INTERRUPTED! A LIVE CONNECTION TO THE WORLD APPEARS READY!  THE IMF JUST STATED THAT THEIR CONSULTATIVE WORK WITH IRAQ IS NOW CONCLUDED!  THE IMF JUST GAVE THEM A SLAP ON THE BACK AND SAID NOW GETTR DONE BOYS!

WITH CONTINUED WORK ON LAWS, PROGRESS CONTINUES TO EXPLODE! THEY STATE THAT THEY PLAN TO IMPLEMENT THE FINAL PARAGRAPHS OF THE HCL LAW BY THE 28TH!  PAYMENTS TO OIL COMPANIES ARE PLANNED TO BE PAID BY APRIL 1ST AS WELL!  WE ALSO HEAR OF THEIR CONCERN FOR FINALIZING SECURITY BEFORE LAUNCHING THEIR MARKET ECONOMY BY THE END OF MARCH, WHICH THEY HAVE STATED!  WITH A GREEN LIGHT GIVEN FROM THE CBI AND A 3 DAY HOLIDAY COMING THIS WEEKEND, POSSIBILITIES ARE RISING!     IMO.
______________________________________________________________

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

Commercial Solicitation

______________________________________________________________

Adam Montana - …this last week was a bit slow. We’ve seen continued evidence that Abadi is “the man” we want at the helm, as he continues to do great things to advance Iraq in every aspect possible.  Parliament has been working diligently, accomplishing more in a week than they used to in 2 months! It appears that the Oil & Gas issue is paused at the moment…I’m going to cut them some slack and give the benefit of the doubt at this time, since they are actually working…  There’s a few ways to look at this…the most logical, in my opinion, is pretty simple - the CBI probably informed Parliament that they were not ready yet, so hold off on the HCL. So, what might be holding the CBI back? Again IMO, not much! The CBI is excellent at what they do, so perhaps it’s a simple matter of aligning all of the banks that participate in the auctions. Maybe it’s a last minute tweak on the Post-RV spreadsheets that they will be using. If that’s what is happening, I believe that’s great for us. It means we are a few words away from seeing this all come together.  We need some HCL news before I start packing my bags…
______________________________________________________________

Frank26 - The CBI and GOI both did something historical… the biggest advancement in the monetary reform of the IQD. The combination of these things are incredible!  #1 – The banks of Iraq have their own SWIFT code for Int’l communicationThese banks have been transferring money and doing wiring-transfers for years – which is no big deal…but they have never been able to do it with a SWIFT code. This is the first time. Which is an Article 8 requirement. Question – What is another Article 8 requirement? Answer: the lifting of the 3 zeros.  #2 – …the governor of the CBI came out and said…“yes we are in the process of lifting the 3 zeros. When you go to the CBI website and you don’t see 1166 anymore…it’s because they lifted the 3 zeros.  1166 is not in the column where it should be. Normally it is on the 18th it disappears for a few hours and then comes back. Why would they need SWIFT codes for 1166?  It may be that on the 18th we may see 1166…then the rider kicks in …and God willing…we may see a new rate. Delta’s team has told us that there will be something on the 18th – let’s see what happens.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com - save as favorite!

______________________________________________________________

Aggiedad77 - Article: ”Daash” hamper Iraq’s accession to the World Trade Organization“  Security issues within Iraq that are obviously associated with threats from DAASH terrorists are putting Iraq’s efforts to join the WTO on hold for at least the time being…..at the same time Iraqi forces have been making very good progress in ousting terrorists from some areas around Iraq…more work is needed to get things moving again with the WTO.
______________________________________________________________

Millionday - those relationships and brothers laid the foundations in March 1970 agreement but unfortunately, successive governments have worked day and night in order to pre-empt this agreement and actually got through to create sedition among the Iraqi people, especially between Arabs and Kurds, and what happened recently from historic agreement between Baghdad and Erbil represents a new and honorable page to build a democratic Iraq.”   THE ERBIL AGREEMENT… THE UNIFICATION OF THE COUNTRY IN THE WAR ON TERRORISM.  THIS IS THE NEW AGREEMENT BEING ACTIVATED – ERBIL AGREEMENT WITH IRAQ FEDERAL — GREAT NEWS.

[have the iraqi army liberated tikrit and have moved onto mosul yet?]   IT WAS ANNOUNCED THAT TIKRIT IS DONE AND THEY HAVE MOVED ON TO MANY AREA.  THEY ARE ALSO DISCUSSING WORKING TOGETHER IN THE REGION — UNIFYING THE SUPPORT.  EVEN KUWAIT IS INVOLVED SO THE PLAN IS TO WORK TOGETHER.   …IN THE LAST FEW DAYS — EGYPT HAS STATED THAT THEY WILL HELP IRAQ IN TERRORISM SUPPORT.  IRAQ IS MAKING IT VERY CLEAR HOW IMPORTANT THE SECURITY ISSUES AND THEIR RESOLVE ARE — ABADI IS ALSO STATING FROM HIS OFFICE… HARMONY BETWEEN POLITICAL AND MILITARY POSITIONS– FOR A UNIFIED POSITION.

[Wouldn't it be safe to say, that Iraq could buy a whole lot more security and support with an RI'd currency?]  THE COALITION IS HELPING IRAQ TO NOT GAIN IN FUNDS BUT TO PROTECT THE GLOBE FROM TERRORISM — THEY ARE WORKING HARD TO GET CONTROL IN THE WHOLE REGION AND IT IS IMPORTANT TO US ALL — THE STATEMENTS WE HAVE SEEN — SEEM TO TELL US THAT THEY ARE WANTING THE TERRORISTS…TO BE CLEARED FROM SOME AREAS…IF A MARKET ECONOMY WILL SHOW SUCCESS AND THE CITIZENS WOULD BE SAFE AS WELL…SOME EMBASSIES HAVE HELD OFF OPENING DUE TO SAFETY.  SO AS WE SEE – THE PROBLEM HAS BEEN THE TERRORISM THEY HAVE BEEN SETTLING AND WITH SUCCESS ACCORDING TO REPORTS.
______________________________________________________________

tman23 - I have asked for weeks now one question to those in Iraq…Has anyone seen the NEW 25,000 note with the NEW security features that the CBI posted on their website…And the answer has been NO!! So as long as the boy holding the water jug with sheaves of wheat on the 25,000 note are the only ones in circulation…we are still in a positive place.

______________________________________________________________

______________________________________________________________

sczin11 - ...THE CHANGE TO INTERNATIONAL RECOGNIZED CURRENCY, AT A TRUE VALUE REALITY RATE, CAN HAPPEN ANY TIME…THE LAWS THEY SEEK COMPLETED, CAN HAPPEN AFTER, BEFORE, OR SIMULTANEOUS…WHAT DIFFERENCE WILL IT MAKE IF INVESTMENT LAW IS APPROVED OR NOT? IT WOULD JUST DELAY FOREIGN INVESTORS FROM RACING IN…HOW DOES THAT SAY THE CHANGE CAN NOT OCCUR NOW?
______________________________________________________________

Frank26 - [...How do I know the 1166 was once where u said it was?]  Pics of the spread sheet from the 18th of February are in our file…

______________________________________________________________

My Ladies - [why would you publish a spreadsheet and then remove a line? To me, that would negate the spreadsheet. If you did that, wouldn't you have to re-date the spreadsheet?]  YES I READ SPREAD SHEETS OFTEN AND THIS ONE IS EASY TO FOLLOW, HOWEVER IT GOES ALL THE WAY BACK TO 2003 SO IF IN FACT ANY NUMBERS OR RELATION TO 1166 WAS THERE THE ENTIRE FLOW OF THE SHEET WOULD REFLECT THAT, AND IT DOES NOT.  THE CURRENT MONTH MIGHT POSSIBLY BE REMOVED GOING FORWARD, BUT NEVER WOULD THE PAST BE ERASED. IMO.
______________________________________________________________

sczin11 – OPINION PIECE

AS MOST KNOW, THE NEWS REPORTED IN INK, NOT ONLY IS CONFLICTING AND CONTRADICTING AT TIMES, IS ALMOST ALWAYS REPORTING WHAT HAS HAPPENED, PAST TENSE…

ANYTHING INVOLVING NATIONAL SECURITY, POLITICAL MOVEMENTS, INTER AND INTRA-COUNTRY DEALS, AGREEMENTS, AND CONTRACTS, FOR MANY REASONS, WOULD NOT BE DISCUSSED IN THE MEDIA, UNTIL FINALIZATIONS WERE IN PLACE…

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

Kaperoni - We have said for a long time…pressure is what will raise the value the dinar.  Either through investors, taxes, or other.  They are trying to create pressure so they can let the dinar go.  Give it a bit of time..its coming.
______________________________________________________________

Frank26 - Is this CBI spreadsheet PDF file an “illusion”? We don’t believe so. The ISX is green – meaning they are profitable now! (How did that happen at 1166?)  Things are going to make a whole lot more sense very soon.  Here’s some more news. This just came in. Some of the data on the spreadsheet…more of its missing.  Again yesterday the governor of the CBI came out and said we’ve got the green-light! Let’s see what the IMF has to say in the next few days…and what the CBI does! 
______________________________________________________________

tman23 - The ONE THING WE CAN BE 100% CERTAIN ABOUT…The lifting of the 3 zeros is NOT A NEUTRAL EVENT!! What profit there is to be made is unknown…but they made it quite clear that it would increase the value of the dinar…
______________________________________________________________

Consultant Abadi: high price of the dollar behind beneficiaries took advantage of Article 50 of the Budget

Consultant Abadi: high price of the dollar behind beneficiaries took advantage of Article 50 of the Budget

BAGHDAD / JD / .. attributed the Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh rise that occurred on the dollar against the Iraqi dinar to the names “with users” took advantage of Article 50 of the General Budget Law.

He stressed that “the central bank has sufficient reserve and comfort of hard currency dependent on oil revenues,” noting that…

…the coming days will witness a breakthrough to the crisis with a budget to follow the policy of the liquidity in the market and the size of the reserve and flow “…

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

My Ladies - DO NOT BE SURPRISED IF TOMORROW DOES NOT SHOW US THE PRIVATE SECTOR BEING ACTIVATED.  ABADI IS SAYING LIBERATING THE COUNTRY OF DAASH IS A PRIORITY FOLLOWED BY ACTIVATING THE PRIVATE SECTOR.  SO PLEASE BE PREPARED FOR THE WORSE.  I HAVE A VIDEO …AND MANY LINKS TO SHOW…THAT IRAQ HAS HAD SWIFT CODES SINCE 2003.  I ALSO HAVE A STATEMENT FROM TRADE BANK IRAQ SAYING THAT CARDS HAVE BEEN USED IN THE USA FOR YEARS AND YEARS WITH NO PROBLEMS.   I DO NOT WANT ANY OF YOU HANGING HOPES ON SWIFT CODES.   THIS TIME IS COMING VERY SOON BUT NOT BECAUSE OF SPREAD SHEETS OR SWIFT CODES. THIS TIME IS COMING BECAUSE THE COUNTRY IS READY. 

I KNOW WE ARE WAITING FOR THE PRIVATE SECTOR AND I HATE BEING THE PORCUPINE IN THE BALLOON FACTORY BUT… THE CBI FILED A MOTION IN COURT FOR COMPLETE SEPARATION FROM THE GOI, THEY WANT TO PASS THEIR LAWS WITH OUT PARLIAMENT LIKE ALL CENTRAL BANKS DO.   I THINK WE NEED TO LOOK FOR THE FEDERAL DATE FOR THE HEARING FOR THE CBI.  WE NEED TO SEE THE SEPARATION OFFICIALLY AND THE CBI NEEDS TO ACT LIKE A CENTRAL BANK.  THERE IS EVERY POSSIBILITY THAT WE WILL SEE SOMETHING TOMORROW… WE ARE IN A SOUND INVESTMENT AND THE CBI IS MOVING ALONG. WE ARE STILL VERY POSITIVE AND BELIEVE WE WILL SEE THIS SOONER THAN LATER.
______________________________________________________________

Delta - All indications from the CBI…and one of the biggest confirmations is when the CBI finally said (on March 3, 2015) they had the “green light” to implement and delete the zeros. It’s in Iraq’s best interest to revalue their currency…it really is all that is going to save them. We know something is about to happen. There is no liquidity. They can’t survive at 1166.  When the country accepts Article 8…they have to send a letter of intent to the IMF. They basically have about 2 more days. Very interesting when they took the numbers out of the chart…indirectly it looks like they got Article 8. The only thing we are waiting for is the announcement from the CBI.  What are they waiting for? They are waiting for the new numbers. A new rate!…and IMO…very, very soon!  
______________________________________________________________

Tlar - I believe that monetary reform is not waiting on ISIS removal and that it is a separate issue that is happening right in front of us. Time will tell what’s right or wrong. There [are] many things that indicate they are ready to do it this month.
______________________________________________________________

The governor of Nineveh gave evidence against al-Maliki, the fall of Mosul

Parliamentary Security: The governor of Nineveh gave evidence against al-Maliki, the fall of Mosul

Baghdad - MP Hajuan Abdullah, Rapporteur of the Commission on Security and Defence parliamentary, the governor of Nineveh province Liberation of Iraq provided important information to the Commission requires the questioning of former Prime Minister Nuri al-Maliki, who is vice president of the republic now…

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

Aggiedad77 - Article:  “Fayad reveals lingered in the oil and gas law“  The Chairman of the Parliament Energy Affairs says that Speaker Jubouri has sent a letter to the COM requesting they delay sending the oil and gas law to Parliament because of work within the committee formed by the COM still works on amendments to satisfy the political blocs and sending now would be premature of their efforts…he speaks to a “NEW FORMULA” after some additions are made to some paragraphs within the law…a “NEW FORMULA.” Could this new formula provide the necessary mechanism, the calculation that would identify an international rate change
______________________________________________________________

sczin11 - [Should we assume after 2 years the 25000 notes will be worthless, or is the 2 years simply an objective?]    SEEN A FEW VERSIONS MENTIONING DIFFERENT TIME FRAMES…I ASSUME IT WILL BE MORE DEPENDENT ON WHAT THEY TAKE IN…THEN THEY WILL MAKE FINAL DEADLINE.
______________________________________________________________

Frank26 & Delta - Yesterday we discovered that the program rate of 1166 is gone!   1166 has been there for years. We have watched this spreadsheet very closely…Why would they delete the 1166 rate? For them to take these numbers out it tells us…in our opinion…that the program rate may be changing. This is very significant. What they are doing behind the scene is including a new rate – we just can’t see it yet. The numbers on the spreadsheet are still false. Something is going on with the book of systems with the CBI. The Excel spreadsheet…is no longer a PDF file! It’s an OPEN document!   …so far this looks HUGE!
______________________________________________________________

Dinar Afternoon Drive Call!!

w/BGG –  Thurs 3/17 (3 pm)

Click on the banner in the upper right corner

Smart phone user link – Click here

______________________________________________________________

Millionday - WE HAD READ A REPORT THAT THEY WERE GOING TO TRY TO ADD TO REVENUES BY SELLING LAND DUE TO ECONOMIC CRISIS.  THEY HAVE HALTED THAT PROGRAM DUE TO THE LACK OF NEED NOW – WHOOPOW.  Article quote:  “the economic and financial situation will be controlled well in the coming months.”   FINANCIAL CONTROLLED IN COMING MONTHS — LOVE IT.
______________________________________________________________

Kaperoni - Article quote:  “The President of the advisers in the Cabinet Thamer Ghadhban determine on the 18th of this month as the date for the development of mechanisms for implementing the strategy of the private sector in an expanded meeting...”   Interesting…since most of the financial people were busy all weekend with the IMF it makes sense that this conference was postponed. Wed. may be interesting day. 
______________________________________________________________

Millionday - Article quote:  “Parliamentary Finance Committee on Monday expressed, concern about the continuing rise in the dollar’s exchange rate against the dinar…the reasons may be behind the rise in the dollar’s exchange rate against the dinar, and that this has been getting used to it in Iraqi market and rare lasts until he returns to normal.“  THE COMMITTEE IS NOT THRILLED WITH CBI AND THE RATE CHANGE OF SLIGHT THEY DID, BUT LOOK “UNTIL HE RETURNS TO NORMAL“  NORMAL IS GOOD.  SO OBVIOUSLY THEY WANT TO MOVE FORWARD AND SAVE THE DINAR AND THEIR ECONOMY – WHAT THEY NEED IS THE ENTIRE ECONOMIC REFORM OR THEY WOULD NOT HAVE DEVELOPED IT FOR THE COUNTRY… AS WE KNOW THEY ARE WORKING ON EACH STEP TO ENSURE SUCCESS…THEY ARE IN A HUGE RUSH BY WHAT WE HAVE SEEN…

______________________________________________________________

Urgent: PM prepares for Economic Reformations

Baghdad (IraqiNews.com) - A source from the Prime Minister Office revealed that the PM Haider Al-Abadi is preparing for economic reformation and simultaneously supervising the Command of Security Operations directly to liberate all the towns of Iraq which are invaded by the terrorists of the ISIL.

The source told IraqiNews.com that…

AL-Abadi is now stepping some steps, the first one is to liberate the invaded towns by the ISIL, then rebuild them and getting the families back their home, the second one is putting a strategic economic plans to improve the difficult life of the people through activating the private sector, the governmental companies, the agricultural field, benefiting from the livestock resource and other investment projects, the last one is the reformation in the governmental institutions and buildings through facing the corruption and introducing the best service to the citizens.”…

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

______________________________________________________________

Aggiedad77 - Article:  “Kurdish delegation in Baghdad on Tuesday“  A Kurdish delegation returns to Baghdad on Tuesday to discuss outstanding issues with the oil and gas agreement between themselves and Baghdad…no mention of who is leading the group this time…they do mention that they bring “high-level” entities with them…
______________________________________________________________

sczin11 - WHAT IS IT THAT IRAQ IS DOING BEHIND THE SCENES, PRIVATELY, TO HIDE THE PROCESS FROM THE WORLD…  I REALIZED, THEY ARE DOING NOTHING DIFFERENT THAN A COMPANY GOING PUBLIC GOES THROUGH WHEN THEY ARE BEING UNDERWRITTEN BY A BROKERAGE HOUSE IN PREPARATION FOR THE IPO.  THE PROCESS IS UNDERWAY, WE WOULD LOVE TO KNOW WHEN, THAT IS UNREALISTIC…WOULD BE LIKE INSIDER TRADING…A TOTAL CRIMINAL ACT…THERE IS NO CHECKLIST…NO ONE KNOWS WHEN…IT COULD BE ANYTIME…PRESSURE IS MOUNTING FROM ALL OVER.
______________________________________________________________

tman23 - THIS IS THE HEADLINE IN IRAQ……. THIS IS THE STREETS OF IRAQ….. THIS IS PART OF THE GOI……… Voice of Iraq | Iraqi currency between the deletion of zeros and new editions .. to end the suffering and the citizen awaiting a solution !!
______________________________________________________________

CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1230.946 1230.331
British pound GBP 1724.048 1723.186
Canadian dollar CAD 913.435 912.978
Swiss franc CHF 1160.314 1159.734
Swedish krona SEK 134.077 134.010
Norwegian krone NOK 141.716 141.646
Danish krone DKK 164.876 164.793
Japanese yen JPY 9.605 9.600
Special
Drawing Rights
SDR 1596.487 1595.689

Indicative rates – 17.03.2015

http://www.cbi.iq/

______________________________________________________________

Millionday - I AM ASKED MANY TIMES IF THIS OR THAT IS WHAT WE ARE WAITING ON WHEN IT IS AN ENTIRE PROCESS – IT IS NOT A SWITCH OR ONE ITEM IT IS AN ENTIRE EVENT /PROGRAM THAT HAS BEEN INGENIOUSLY DESIGNED.
______________________________________________________________

Chattels - Article:  “Shawki: Parliament sessions will be for four days in a row“  much emphasis was made to this singular report and suggestive of some great developments, which was then misguided, IMO.  the KUrds are not there in Parliament…nothing really ” big ” is going to happen in Parliament without the Kurds, IMO.
______________________________________________________________

Tlar - All indicators point to the fact we should know the truth of this investment this month.  There appears to be no more stoppers, but remember it is Iraq and there are people who don’t want to see Iraq prosper at all both inside and outside of the country starting with Maliki.  Some will do anything to stop this.
______________________________________________________________

Najiba Najib: the economic crisis on the wane

Showed a member of the Committee on Economy and Investment Najiba Najib, on Monday, said the economic crisis in the country, its way out, too, noting that the proposal to sell the land to the citizens the government had exceeded the work done to the existence of monetary financial abundance from which to conduct matters of state…

…The prime minister Haider al-Abadi, said earlier this month (2 March ) hosted by the House of Representatives that “the economic and financial situation will be controlled well in the coming months. Ended 25 K.

http://www.dinarupdates.com/showthread.php?15239-The-Dinar-Daily-MONDAY-March-16-2015&p=101052&viewfull=1#post101052
______________________________________________________________

Aggiedad77 - Iraqi advisors and economists are working side by side with the GOI/COM to bring an end to the financial crisis they are in today…they expect to see mechanisms put into play on the 18th that will bring more support to the private sector and provide that sector with more opportunities in which to help in the crisis situation.
______________________________________________________________

tlm724 - Article: “Abadi and infallible underline the importance of the arrival of Baghdad and Erbil, the mechanisms of implementation of the oil agreement“   Quote:  “the importance of the arrival of the federal government and the Kurdistan Regional Government to necessary to implement the last oil agreement between the two mechanism“   that’s right from Abadi…tomorrow they will meet!
______________________________________________________________

Millionday - HUGE NEWS. THE NEWS IS SHOWING HUGE PROGRESS ECONOMICALLY AND ALSO THE ENTIRE NATION SWIFT CODES ARE OUT AND THEY ARE PART OF SYSTEM. THIS MEAN HOOKED TO THOUSANDS OF BANKS FOR INFORMATION SYSTEM.
______________________________________________________________

Parliament Monday session starts

Baghdad (Forat) – The parliament session of Saturday has started, the session is headed by the Speaker, Saleem al-Jobouri, and attended by 215 MPs to read five law drafts.http://www.alliraqnews.com/en/index.php/political-news/65727-parliament-monday-session-starts.html
______________________________________________________________

OOTW - something to consider - private sector development and solidity would help sure up/stabilize the currency – and remember a WTO requirement is to have an internationally traded currency - so I would suspect they want to perhaps get their private sector solid, then change the value and ascend to the wto near the same time.
______________________________________________________________

Frank26 - Today the CBI removed its programmed rate of 1166 from their…”BOOKS”.  …where the program rate of 1166 always used to be.   It was always there… It is gone now.   It is blank.  …many of you are running to the CBI and still seeing 1166 on some pages but you have to go to the page on their website that only deals with their inflation or M1 M2 and M3 figures because this is the totality of their money and expenditures. Needless to say we were shocked…we are awed.  We have a lot of information about the bank’s swift codes (BIC)…we found out that they are activated and fully functioning…not just functional. With the swift codes now activated in Iraqi banks it means that they are international and functioning that way as you read this. This sentence means that Iraq internationally is now Article 8 compliant.
______________________________________________________________

Backdoc - RECENTLY, WE SAW THE CBI CROSS A LINE IN THE SAND WHEN THEY INITIATED A NEW FINANCIAL MECHANISM OF COMMITMENT.  THIS OF COURSE WAS A NECESSARY PREPARATORY STEP FOR LAUNCHING THE NUMBER ONE PRODUCT OF IRAQ, THEIR CURRENCY!  CONTROLLING CASH IN THE PUBLIC FLOAT HAS CAUSED A NUMBER OF ITEMS TO BEGIN TO “FIT LIKE A GLOVE”!  THIS STARVATION OF CASH FROM THEIR ECONOMY WAS PAINFUL FOR THOSE WAITING AND PROTESTING FOR THEIR SALARIES, BUT NEEDED!  REDUCING ALL CASH BEGINS THE PROCESS OF DE-DOLLARIZING. 

THE OLD FIFTY DINAR GETS RETIRED TO PREVENT COUNTERFEITING AND PREPARES THE WAY FOR LOWER DENOMS TO BE RELEASED!  AS WE HAVE SEEN, THIS PROCESS WAS PAINFUL YET NECESSARY!  WITH PAYMENTS SAID TO BE SENT FROM THE CBI, RECEIPT OF THOSE PAYMENTS NEEDS CONFIRMATION BY A RATE!  WITH KURDISTAN EMPLOYEES WAITING TO BE PAID FOR SALARIES WELL OVERDUE, THE PRESSURE MOUNTS AS EVIDENCED BY PROTESTS.  RECENTLY I REMINDED US ALL, “IT’S NOT ABOUT YOU,” THIS WAS ABOUT THE RESTORATION OF THE EMPIRE! WE WERE JUST FORTUNATE TO HITCH A RIDE ON THE ABADI EXPRESS!!  WE NOW AWAIT FOR THE CBI GOVERNOR TO SAY, “ENGAGE NUMBER ONE” IN THE NEXT FEW DAYS!
______________________________________________________________

Prophet ordered Baghdadi withdraw from Mosul ..!

Local residents said, Sunday, that the elements of the organization Daash on its way to withdraw from the city, by order of the organization’s leader, “Abu Bakr al-Baghdadi,” personally.

He said the witnesses, that “elements of the organization create enough among the people what hospitality Baghdadi ordered his fighters to prepare to withdraw from the city, on the grounds that (al-Khalifa met the Prophet, peace be upon him in a dream, and that the Prophet ordered him to leave Mosul and leave.”…

http://www.dinarupdates.com/showthread.php?15232-quot-The-Dinar-Daily-quot-Sunday-15-March-2015&p=100987&viewfull=1#post100987
______________________________________________________________

Millionday - Article quote:  “Rafidain Bank confirmed his quest hard to open up the banking cooperation at the Arab and international levels“  HUGE NEWS…RAFIDAIN BANK OPENING UP THE INTERNATIONAL LOCATIONS.  Quote:   “MP for the coalition of citizen Shawqi properly torque the House of Representatives pass laws, which would facilitate the process of investment and investors to enter Iraq.“ PARLIAMENT IS WORKING TOWARD ALL LAWS THAT WILL ALLOW INTERNATIONAL INVESTMENT – WHOOPOW.
______________________________________________________________

Aggiedad77 - BIG BIG words from the IMF today that Iraq needs to listen to…look for it…Parliament is committing to meeting Monday-Thursday this week, consecutive days…wow.
______________________________________________________________

tman23 - Since March 9 – 10th there has been some really weird reports concerning payments, oil exports, etc… It is as if parts of the system have stopped…And there have been NO CHANGES APPEARING TO BE ON_LINE PAYING since 3/10/2105… I don’t have an answer other than …They are preparing the system for a change…and it’s gone on for a week now!!
______________________________________________________________

CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1232.695 1232.079
British pound GBP 1725.913 1725.050
Canadian dollar CAD 910.724 910.269
Swiss franc CHF 1157.205 1156.627
Swedish krona SEK 135.388 135.320
Norwegian krone NOK 142.913 142.842
Danish krone DKK 165.252 165.169
Japanese yen JPY 9.602 9.597
Special
Drawing Rights
SDR 1598.481 1597.682

Indicative rates – 16.03.2015

http://www.cbi.iq/

______________________________________________________________

sczin11 - Article quote:  “Saadi: speculators rush toward their money in foreign currency in search of profit led to the withdrawal of cash from the stock market“  THE MR [MONETARY REFORM] MUST, I REPEAT, MUST,  BE COMPLETED…OR THIS COUNTRY WILL RETURN TO TRIBAL LEADERSHIP, AND IMPLODE! THE ISX IS THE KEY TO THEIR ECONOMIC FUTURE…
______________________________________________________________

Kaperoni - Article quote: “The basic choice that a government faces with its policy toward the exchange rate itself is between an exchange rate that is floating and one that is set or fixed by the government. In the polar case of a clean float the government permits private market demand and supply to set the exchange rate with no direct involvement by government officials. In a managed float or dirty float the government officials do intervene at times to try to influence the exchange rate, which otherwise is driven by private demand and supply.”   This is a very important statement…”through the mechanisms already put in order not to influence the market.”  This is confirming they are going to float the dinar and let the natural effects of the float (supply and demand) set the rate of the dinar.  And more importantly, it confirms it will be a free float that the CBI will not intervene to try and influence the rate. This statement by Allaq is very clear and the only one that fits that criteria (two years without influence).   

The question is when will they start?  Ali al-Allaq wants his float to succeed.  His window is over the next two years he wants to delete the zeros ( 1 to 1 exchange rate).  So it is very important that the economic laws are in place so investor confidence occurs.  When you have investors, you have an influx of capital.  The result will cause the dinar to rise.  I see this starting as soon as the laws are passed to support this investment process.
______________________________________________________________

tman23 - So as posted from this past Monday when it was reported citizens were not able to collect $$$ at ports on their cards.…….and the same time Ceyhan Turkey port announced the storage units were full and the Kirkuk pipeline had stopped oil flow……And vendors/merchants on the streets were complaining of empty streets and “lack of cash” along with higher import fees the driving cause…….  Then yesterday a citizen inquires about using his Qi card in Lebanon and the service department responded with……Qi Card is WORLD (this is response to your question)…… And this 21 minuets ago ((( Peace be upon you…We heard about the smart card service crashes for that late salaries etc. Please explain and when service will be activated again and launch salaries?? With thanks.  Qi Card Response…Dear payment dates back to the donor, you can continue to the page will be posted if payment…….  THAT’S A VAGUE RESPONSE…..BUT “CRASHES FOR SERVICE” ??? IMO…NO CRASHES BUT CHANGED OVER!!
______________________________________________________________

Oil Minister participate in meetings of the International Monetary Fund

Baghdad - Oil Minister Adel Abdul-Mahdi participated, on Sunday, at the annual periodic meetings between Iraq and the International Monetary Fund in the Jordanian capital Amman, which aims to review the financial and monetary policy for Iraq, as required by the chock agreement between the parties.

The Oil Ministry said in a statement received by all of Iraq [where] a copy of it, “Oil Minister Adel Abdul Mahdi, participated in the annual periodic meetings between Iraq and the IMF, for the review of fiscal and monetary policy for Iraq, as required by the Convention, chock them.”…

http://www.dinarupdates.com/showthread.php?15232-quot-The-Dinar-Daily-quot-Sunday-15-March-2015&p=100917&viewfull=1#post100917
______________________________________________________________

Millionday - Article quote:  “Erbil – detecting a senior leader of the Kurdistan on Saturday that the region’s parliament approved the main points of contention in the oil and gas revenues fund law in Iraqi Kurdistan.“   THEY HAVE APPROVED THE OIL AND GAS FUND LAW…THIS IS HISTORIC AND HAS BEEN WAITED ON FOR A VERY LONG TIME   [this is the HCL we were waiting for?]   THIS IS THE FINANCIAL SIDE OF THE OIL PROCEEDS — THE FUND ITSELF.  [is the financial side of the hcl all we're concerned about moving forward with a rate?]    THIS MEANS THAT THE AGREEMENT WITH KURDISTAN AND IRAQ ON THE BUDGET AND OIL PAYMENTS IS READY AND SET UP – SO THIS IS A HUGE STEP FOR IRAQ AND BUDGET.  THIS MEANS THAT MONEY WILL BE MOVING ON OIL SALES.
______________________________________________________________

Mnt Goat - we are still now witnessing extreme pressure from many parliamentary members to complete the currency reforms. The Iraqi news media is telling the citizens that it has been completed already yet in Europe and in the West we still get news of it’s near completion.  The truth is this current slow, methodical rollout is in the hands of the CBI. They are in the driver’s seat.   I tell you the budget is opened but the cash flow spigot is very limited. Only selected provinces are receiving funds if deemed safe from ISIS. The next step is for the individual providence to push out the lower denominations when needed from the banks to make transactions for reconstruction. What rate do they use?  Some are using the $3.91 rate already. This is fact and not my opinion!  It appears to me ( I could wrong) that this rollout schedule is very dynamic and was first started with Kurdistan and then the other major cities free of ISIS. Then as they are liberated the others follow.

We know for a fact the Qi cards (for social benefits and retirement pay to Iraqi citizens) are loaded with a new rate but can’t be used as of yet. It was announced in Iraq on Friday these cards would be activated in the next few days. We are being told that this capability of the Qi cards will be turned on during Sunday March 15th .  How far must the security issue be addressed prior to the final rollout of the RV?  I am also told they need the Amnesty law passed along with the funding law for the National Guard (part of the power sharing agreement). Both these laws are up for final vote next week.
______________________________________________________________

Poppy3 - I RECEIVED ABOUT A MONTH AGO THAT INSIDERS IN THE GREEN ZONE WHERE SAYING THE NEW RATE WAS GOING TO BE HIGHER THAN ORIGINALLY EXPECTED IN ORDER TO MEET BUDGET INCREASES. TIME WILL TELL SOON. I KNOW YA’LL HATE THAT WORD LIKE I DO BUT I FEEL IT FINALLY APPLIES.
______________________________________________________________

CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1237.476 1236.857
British pound GBP 1747.368 1746.494
Canadian dollar CAD 918.761 918.302
Swiss franc CHF 1164.835 1164.253
Swedish krona SEK 136.446 136.378
Norwegian krone NOK 144.043 143.971
Danish krone DKK 165.936 165.853
Japanese yen JPY 9.587 9.582
Special
Drawing Rights
SDR 1604.847 1604.045

Indicative rates – 15.03.2015

http://www.cbi.iq/

______________________________________________________________

Throwback Thursday

The Exchange Rate of Foreign Currency in Economic Feasibility Studies 

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

Estimate the shadow price of foreign currency:…

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

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

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

Commercial Solicitation

______________________________________________________________

Posted in Dinar Observer | Comments Off