Word for the day…
Mrs. BGG
Iraqi Dinar/Dollar auction 01-30-17 (most recent listing)
Currency Auctions Announcement No. 3370
This daily currency auction was held in the Central Bank of Iraq on the 1-30-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 169,913,013 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 169,913,013 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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There are only two ways of telling the complete truth – anonymously and posthumously. – Thomas Sowell
*** Current News ***
Loopster ~ I wake up every morning with a smile, because of where we are at with regards to this investment. Do not let yourself get bogged down so easily in the day to day minutia. I encourage you to keep a list of what the major players have said and are continuing to say.
Has Alak retracted his statements regards the lower denoms coming out in early 2017?… NO.
What did the Director of the Middle East Office of the World Bank say last month? …”one of the richest countries in the world on the face of the earth.” and “Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts.”.
What did Dennis Flannery of Citibank in Iraq say one of his missions is? It…”is to reconnect the country to global financial markets from which it has been estranged” ….
Who asked Frank Baker – Great Britain’s Ambassador to arrange an introduction with the Gov of CBI? British Banking Interests!!
What did the IMF just say about Iraq’s progress? “The Iraqi authorities have made good progress on implementing economic reforms under the SBA.”
These are only a few of the news items that all point to some type of major financial event on the horizon. I, for one, am very excited and encouraged by the news coming out of Iraq.
“Shocking excerpts” from News Time last nite… (1/29/17)
BGG: Before we dig into News Time with the guys… I had someone asking earlier about a “chicken or the egg scenario”… I told them they will laugh so hard over this chicken scenario…
The following is true – real – and accurate…
and JUST HAPPENED to me less than an hour ago.
So, today was moving day. We have a pretty big place to take care of here… and I needed to move our chickens. I put the pen, coops and birds on some fresh ground (we have a lot of birds).
This operation – along with cleaning everything out and taking care of them, rearranging sleeping quarters – etc… is a big job. Anyways – last step, keep an eye on them to make sure everyone gets “bunkered up” for the night…
Sure enough – 2 little birds didn’t like the new arrangement and were a little out of sorts…
It was getting dark and I needed to get in there and help them get situated.
Commence Operation “Manual Placement”…
So I ran into the building nearest their new spot to grab a short step ladder (to get into the pen and corral the two miscreants) and I needed a flashlight – in case this were to take longer than expected…
I grab this little flashlight/tazer combo device from my gun room – I use this light a lot because it’s so bright. I can see a long ways at night with it.
I’m in kind of a hurry – lots going on all at once… I didn’t notice the flashlight was in the “back” position… It has three positions.
1) Forward position – for flashlight
2) Middle position for OFF
3) Back position for DANGER!!
Apparently it was in the DANGER!! POSITION.
In addition, there is a little tiny button to activate the tazer on the other side of the flashlight…
As I was grabbing stuff, going through doors and in a hurry – I inadvertently depressed the tazer “activation” button… with the device in the DANGER POSITION…while holding the flashlight… in a rather awkward – 2 handed clutch.
As the tazer goes off – I’m looking down at my left hand – the device is pointed right at my wedding band – about 1/4 inch away… and OH MY GOD!! SWEET JESUS!!
As if in slow motion… I watch this BLUE ARC jump out and dance between my fingers, run around my wedding band, and then head for “other places”…
My neck stiffened up…
My legs went limp…
Luckily it caught me just as I was getting into a door jam…
I collapsed to my right and I involuntarily slid down the side of the door opening into a wiggling lump on the floor…
I don’t think I blacked out entirely – but things went very dark and my sight picture looked like the end of an old cartoon… dark around the edges and juuuuuust a little light in the middle…
I smelled something burning “…was that my hair… or toast… did I just STROKE OUT”???
As I’m coming to – I hear Mrs BGG in the background saying “OH DEAR LORD…” – she saw the whole thing… she came towards me and moved a nearby shotgun safely out my flailing reach… I guess on the way back (to consciousness) I was thrashing around some…
She said I went down like a sack of potatoes…
I did come back pretty quick but I has started to drool… and I think I tinkled just a little…
I gathered myself – got the 2 birds in – and all is well (and yes, we now KNOW the taser feature DOES WORK).
Moral to the story –
1) Keep the SAFETY ON
2) Keep the weapon pointed in a safe direction
3) And KEEP your bugger hook OFF THE BANG SWITCH until you are absolutely sure you wanna’ ROCK SOMEONE’S WORLD!!
…if you do choose to ROCK SOMEONE’S WORLD – they will live.
They will still be able to do SOME stuff… just not the kind of stuff they were wanting to do to you.
They will be doing all kinds of “other fun stuff” while you calmly walk away.
bibi: Wow! Great story!
BGG: All true (to the best of my recollection)…
Magnetlady: Oh My God BGG, so glad you are OK. I can’t believe this actually happened…
BGG: I think I’m gonna’ super glue that little tazer button shut on this one – and NEVER SPEAK of this AGAIN!!
AND an added BONUS…
After working hard all day – I was sooooo tired. I had no idea how I was gonna’ make it thru News Time…
I’m WIDE AWAKE NOW!!
Magnetlady: Had to be true, no one could make up a story like this.
BGG: I told you it was funny…
bibi: Thanks, BGG, that was a GREAT STORY!
A Dinar Round Table Call
“with the whole DU Crew!!”
Tues – Jan 31st – 7:00 pm CST
641-715-3640 pin#528733
or Click-N-Listen (link below)!!
from Jan 23rd – Smart phone user link – Click here
BGG (Dinar Guru) – Article quote: “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.” […does anyone know how long Mosul will be free?] They are working on it now. … IMHO Abadi has been pushing for Mosul to happen sooner. He knows what is at stake.
Read More: http://www.dinarupdates.com/observer/
A source reveals for “tomorrow Press” about the size of the cash reserve at the Central Bank
BAGHDAD / tomorrow Press: A government source revealed on Sunday, for the low monetary reserves of the Central Bank of Iraq to $ 45 billion, as a result of the deterioration of oil prices and the continuation of the “waste” of public money.
The source for “tomorrow’s Press,” that “the government has stopped for the time being its reliance on central bank reserves, and began to take advantage of the state’s resources and borrowing,” noting that “the high price of world oil market also contributed to stop relying on the financial reserve.”
He added that “the central bank’s reserves in 2014 was 87 billion dollars, and as a result of cost to the country because of the war on Daesh and lower oil prices, Iraq relied on this reserve for running the country and the payment of staff salaries and the needs of the market,” pointing out that “waste of money year contributed to the decline in current reserves to 45 billion dollars. ”
He pointed out that “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.”
This was brought into Newstime last night by Mr. White…. GREAT FIND! – LOOP
wmawhite (Dinar Guru) – Article quote: “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.” It is coming from the CBI. You have heard before about Iraq saying that their currency would be great and powerful. …the CBI is again telling the world that the Iraq Dinar is going to be great, strong and return to its glory days. The CBI owns the IQD…it determines its value.
Read More: http://www.dinarupdates.com/observer/
Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/MadDScout & the DU FaceBook Crew – Feb 2nd 6:30pm CST – In the Dinar Updates CHAT Room!!
www.DinarUpdates.com – save as favorite
Urgent and defense and interior ministers sworn in!!
Baghdad {: News} Euphrates valley and the new defense secretary Burhan Hayali, Interior Minister Qassim al-Araji, was sworn in after parliament gave confidence to them.
The House voted today to give confidence to Aargi and Hayali with the voice not to consent to grant the office of the Ministry of Commerce to the candidate Inam al-Obeidi, and the granting of candidate Yusuf al-Asadi as Minister of Industry .anthy
Alforatnews.com
tman23 (Dinar Guru) – Lets just say this…WE the USA just put a ban on ME travel Visa’s… The POTUS just spoke with 5 world leaders today…AND he had the PM from England Friday… AND WE ARE AT THE END OF JANUARY… SO THINGS ARE MOVING FAST…AND THE GOP NEEDS BIG MONEY TO EXECUTE SOME MAJOR PLANS…SO I WOULD REMAIN GROUNDED BUT A VERY POSITIVE OUTLOOK HEADING OUT OF THIS WEEKEND.
Read More: http://www.dinarupdates.com/observer/
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The following .PDF is the review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG
Robert Cook CSW CSS CBP CST CTC
Iraq:
If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.
DayTrader
IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)
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” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…
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://www.dinarupdates.com/showthread.php?18519-The-Dinar-Daily-Friday-January-27th-2017
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1229.584 | 1228.969 |
| British pound | GBP | 1455.018 | 1454.290 |
| Canadian dollar | CAD | 881.083 | 880.643 |
| Swiss franc | CHF | 1150.073 | 1149.498 |
| Swedish krona | SEK | 129.489 | 129.425 |
| Norwegian krone | NOK | 136.601 | 136.532 |
| Danish krone | DKK | 165.398 | 165.315 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1582.534 | 1581.743 |