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Frank26 – [When Iraq goes to international status, simultaneously, will the currency go up in value? Does the country have to be international to sell the international bonds?]   If it does not offer an International Rate of Interest … Not even a skeleton will buy these dry International Bonds of Iraq.   [Does your team still think that the International Bonds will go on sale August 18th?]   That is 365 days for A [Abadi] to keep his promise that if not fulfilled will trigger M [Maliki] to react against him.  As for DB ( Domestic Bonds)… iMO … The FIRST of them are being sold NOW.  [URGENT FROM IRAQIA TV:  CBI WILL HOLD A CONFERENCE NEXT SAT AT 10 AM AT SHERATON ISHTAR HOTEL.]  No one knew of THIS “CBI” MEETING …When was the last time YOU saw a CBI meeting?  And B 4 the 18th.
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Adam Montana – [I was wondering what you think is the underlying cause for the delay of the RV?]   I want to answer it in a way that might change how people are looking at this. You believe that the RV is being delayed, but what if it’s not actually delayed… and things are actually proceeding exactly as planned and needed?  When people think the RV is “delayed”, that’s because they think it was “scheduled” for an earlier date.  It’s my opinion that the change in the value of the dinar has been and always will be a very careful process, and it probably doesn’t have a specific date.  In order for the RV to be successful, we have always needed a specific situation to be present. Way back in the very beginnings of this site, I always said we need 3 things: GOI, CH7, and HCL.   We have GOI. We have CH7. Now we just need HCL, and we are really really close!
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Millionday – Article quote:  “The bank has taken a series of decisions in recent weeks to stabilize the local currency after the dinar dropped against the dollar to 1,400 dinars to the dollar.”  SO REMEMBER THE 90 DAYS CBI ANNOUNCED AND THEY ARE STATING HERE THAT THEY ARE TAKING STEPS TO STABALIZE THE DINAR… THEY ARE WORKING TO MAKE THE DINAR STRONG AND GAIN CONFIDENCE…RIDDING THE COUNTRY OF USD ON THE STREETS.   [How are they ridding currency… when yesterdays auction was 352 million?]  THE AUCTION IS ATTENDED BY BANKS.  [SO where does that currency go?]  CBI.   [when did the 90 day announcement come out?]  ABOUT A MONTH AGO.   [didn’t the IMF OR the UN ..or was it world bank give a 60 day window to act?   if so when was that?]    YES THEY DID AND IT WAS ABOUT TEN DAYS AGO.
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Basra ports revenue decline and the closure of Shalamcheh port after the application [of tariffs]

…Lipodeca added that “the Safwan border port revenue was on the last day of the month of July is one billion and 52 million dinars,” noting that “income now is 43 million dinars in four days.”… (OUCH!!)

Read More: http://www.dinarupdates.com/showthread.php?16841-Basra-ports-revenue-decline-and-the-closure-of-Shalamcheh-port-after-the-application&p=125958&viewfull=1#post125958
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Adam Montana – There is a lot of buzz about a couple of major dinar dealers getting shut down or investigated.   It really has nothing to do with “dinar”.   It’s about how they did business. The dinar is still NOT a scam.  There is great potential for the Iraqi Dinar to rise in value, be it a little or a lot, and we all have every right to own it, hold it, and gain from it.   …there’s a lot going on, and even a little excitement building amongst my closest Iraqi contacts, but as of right now – no HCL, so no RV. That’s the bottom line.  In a nutshell, the IMF is actually putting pressure on Iraq to get moving, and the timeline is less than 2 months.  I’ve always said that the IMF can’t force Iraq to RV, or anything else for that matter. The CBI and GOI will do what it wants, when it wants… but this is looking like good pressure on Iraq, and that’s part of why my contacts are starting to crank up their enthusiasm.
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SteveI – [You have been confident before & the RV did not happen.  Is there anything different this time around?]  Yes, that is very true, ISIS was not part of the plan which sure caused many problems for not only Iraq, but other countries as well. I personally think this was a huge set back for Iraq, but they will get control and push forward and be the powerful country that their assets can back up.
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Frank26 – [Once upon a time many years ago…a man named XXX said the layaways would have to end…right before… IMO…]   OK…Here it is:  iMO … Powers do not want Layaways sold any longer. You know why? Cause they are GUARANTEED over a 30 to 60 day period.  if…If…IF… The RI/RV is near…This has to stop…This is a Fact of DRS  [Dr. Shabibi] MR [Monetary Reform]  of his CBI’s Dinar.
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Kaperoni – “The central bank plans to put up for the benefit of financial bonds worth two billion dollars”   As far as I know, these are domestic in country bonds being sold.  International or bonds sold to the world market is scheduled for the end of this year..not at this time.  There is a good chance if the GOI funds the budget (increase in oil prices, or other sources) they will not even issue the international bond sale.  It is a last resort IMO to make meet the deficit.
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Enorrste – Quote:  “The Federal Reserve’s primary method of reducing the money supply is to sell Treasury securities; more simply put, they sell government bonds. This is often referred to as contractionary monetary policy. By selling bonds to the public (including commericial banks, financial institutions, and the average citizen/investor) the Federal Reserve sells a bond and takes cash out of circulation.”  First, selling bonds reduces the money supply rather than increasing it.  This is basic economic monetary policy.  Second, it seems clear…that the CBI will remove the dinars that they receive from circulation, thereby putting upward pressure on the value of the dinar. The important thing here is that the bonds are being issued in order to reduce the money supply while at the same time making it possible for infrastructure loans to be made by the holder of the bonds.
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SteveI – [Do  you still thinking the rate will be 3+ range?]  Yes, I believe based on the region they are in and oil sharing with Kuwait, anything less would not work.
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Iraqi Dinar/Dollar auction 06-08-15

Currency Auctions Announcement No. (3008 – most recent listing)

This daily currency auction was held in the Central Bank of Iraq on the 06-08-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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SteveI – [What do you think about all of these dinar sites situations?  Could this be a hint?]  I think it means we are at the end of this ride. I suspected this was going to happen when it got close. We were told to look for this last year by many contacts.  
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Chattels – Maliki’s fate may lie with the Shia internal battle ( National Alliance ) to choose their next leader.  My sense is that Maliki cannot survive in the margins of political power. He has too many enemies, so if he is not chosen as the leader of the National Alliance then he likely is indeed on the way out and out of the country to Iran.
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Millionday News Time – 8-04-15 Part 2 of 2

Thanks to DinarRecaps.com for posting Millionday News Time

Millionday: It confirmed the Customs Authority, on Monday, to start applying the tariff law on goods entering Iraq, indicating that it agreed with the Kurdistan region on the application of the law and the unification of Alkmarki work,

while economic Parliamentary Committee promised that the law is an important step to re-strengthen the joints of the state and the protection of national product, economic adviser counting the prime minister, that the lack of a border applied to any port in violation of the national sovereignty of customs.

Millionday: NOTE — THE LACK OF CUSTOMS WILL BE A VIOLATION — SO LAW
~~~
Read More: http://www.dinarupdates.com/showthread.php?16801-Millionday-News-8-4-15
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OOTW – TODAY WE SAW A GREAT PRESS RELEASE FROM KEYWORDS – AN ACTION PLAN FOR ASSIGNING VALUE TO THE IQD!   Article  “Financial crisis: devaluation of the Iraqi dinar is it the solution?”  WHEN THEY SAY “DEVALUATION” THEY MEAN LOWERING THE FIGURE IE AMOUNT OF THE FILS -MOVING CLOSER TO THE VALUE OF A DOLLAR…IN EFFECT “LOWERING” THE NUMBER, IE, MAKING IT “DEVALUED”  BUT IN EFFECT, INCREASING THE VALUE AS THE NUMBER AMOUNT/FILS OF THE DINAR ARE REDUCED.

More “guru gyration” – That is not what he said – Alak (mistranslated – “Keywords”) MAY BE IN FAVOR of a devaluation… However, he is on the wrong side of the argument (as always).

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BGG – [If they can only muster 200-228 to vote on insignificant laws…how could they ever get a super majority for the important ones?]  they have called for international mediation (just over the weekend) on such issues. Could be the world powers will help “persuade” the Shia “leadership” to act right.   they are aware of their short comings and have asked for intervention… all in ink...  [also the world bank is watching!]  with a MASSIVE hammer in their hand. [does the 60 day deadline have ANYTHING to do with an International rate?]  IMHO it has EVERYTHING to do with a rate – the WB/IMF has (essentially) told them to get their AML policies in order or they will WOP them back to the stone ages (in currency value). aka – BLACKLISTED…that does not appear to be a hollow threat… and it would seem directed at Maliki and his cronies.
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Millionday News Time – 8-04-15 Part 1 of 2

Thanks to DinarRecaps.com for posting Millionday News Time

Millionday: WELCOME EVERYONE TO NEWSTIME

Millionday: Urged interested in economic affairs on the need to involve the Iraqi private sector in the field of investments, especially in service projects, infrastructure and housing projects, to keep the money in the economic cycle to Bld.alaguetsada Adel Abou loaf told »Sabah»: that «under the current circumstances,

the national economy does not have the ability to afford housing projects and projects services and infrastructure cost, so the attraction of investments in this area need and an urgent need for the country to this type of project in light of the expansion and increasing population density ».

Millionday: NOTE — NOT ONLY DO THEY NEED INTERNATIONAL INVESTMENT BUT ALSO NEED THE DOMESTIC COMPANIES INCLUDED
~~~

Read More: http://www.dinarupdates.com/showthread.php?16801-Millionday-News-8-4-15
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Stryker – “Large Reserves Will Raise IQD Exchange Rate”  …the $10 billion that was spent out of the reserves from 2014-2015 was not a waste and a good thing for the Iraqi Dinar and it’s upcoming raise in value, according to…economist!
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Delta – The only thing left is the currency reform. They must lift the 3 zeros and move forward. In my opinion…you will never see an international bond without the currency reform. We will not see an international rate without currency reform. The IMF told Iraq a long time ago…they stated specifically…they will help Iraq if they implement the tariffs and lifting the value of their currency. The tariff…they are implemented. For the IMF to give the emergency loans…they know what’s going on.   The reason why I’m excited…it’s impossible to increase things with 20% taxes without increasing power of purchase.   If Iraq came out at .85 or 1 to 1…that is not the true value. The true value is over 3.   I’m very, very excited!   I’m very anxious to see what happens this September.  [post 2 of 2]
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BGG – [do you expect a huge announcement when the RV happens?]  Yes, it will be visible, immediately “around the world” and no “trickle down”…you will know when it happens.
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Due to severe technical difficulties – the call for today is postponed…

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Delta – I do have the confirmation…one bond does exist…a domestic bond.   For every dollar that you are going to buy…the price is 1095 dinar on those bonds…you may not see that in the news because that happens internally within the banks.  From August 2 until 31st the CBI is doing this to raise some liquidity and capital for the financial ministry in Iraq. Those bonds mature in 1 year. In one year…financial ministry has to pay you the money plus about 6% interest. I think it’s disappointing that the CBI is doing this to the citizens because we all know what’s going to happen.  Say 2 or 3 months the value increases…imagine how upset they will be?  In my opinion…we may not see any changes in the month of August because of those bonds. I don’t think the CBI would pull the trigger while selling those bonds. In my opinion – nothing will happen in August.  If the CBI sells the bonds fast…they could increase the value.   [post 1 of 2….stay tuned]
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Frank26 – Maybe by the 18th…highly possible…we may have a better chance of seeing the bonds come out for the citizens of Iraq.  The anti-money laundering law is in place as of right now!  It was put in place today at the borders. They didn’t even want the bonds sold until this anti-money laundering law was done.  Jubouri threatened that if they (GOI) didn’t get this done, he would expose what parliament was doing to the citizens. The concerns for Abadi when he took over as the new Prime Minster were serious. He told the people to give him 1 year and he would clean up all of the Maliki mess. Well guess what? Security comes in many forms.  Abadi and Dr. Shabibi are one…united  in getting rid of Maliki and his base. We believe now that the anti-money laundering law is in place … they can now deal with them from causing any problems. The reinstatement is something we want to see.  At some point they can jump into the RV during the International phase. This has to work perfect.   [post 2 of 2]
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Frank26 – [via FrostytheSnowman] …the LAWS are very important for the security for Iraq.  They satisfy the borders (taxes / tariffs) those protect the currency and the revenue stream for Dr. Shabibi.  …the TARIFFS are in place TODAY [Monday].  The TAXES and TARIFFS are applied through the borders but they don’t apply to FOOD – because they need to take care of the citizens.  If you want to bring a product into Iraq it’s going to cost the companies a lot of money. Those companies are pouring in because they want to be a part of the monetary reform. The only security we’re interested in is the movement of the monetary reform.  The international world knows it’s coming with the taxes and tariff’s kicking in.   [post 1 of 2….stay tuned]
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“Straight Talk Radio” Call!!

“Dinar News that matters…”
8/04 (postponed)

Click call banner on mid-right of page!!

from 7/29 – Smart phone user link – Click here

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BGG – [can the GOI RV without the CBI?]  No – they cannot. However…the GOI (various committees) want this (added value) as much as anyone… it is conceivable the GOI did this knowingly to put more pressure on the CBI to act accordingly…what I’m saying is: the GOI may be allowing the tariffs and taxes to go ahead in spite of the CBI holding things off – I hope it doesn’t backfire on them (if that is the case)…  [post 2 of 2]
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tman23 – I will say this… If the IQD was going to be a neutral event with no real gains… they wouldn’t care about your getting the novelty currency in 2 days or 120 days…
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BGG – [did the bonds come out for purchase in Iraq?]  internal bonds…yes.  [has anyone heard if the tariffs actually started being implemented at Iraqi borders over the weekend?]   there has been print on both sides of this – I suspect they have… however,  I saw pics over the weekend of import vehicles waiting at “ports” to bring goods in… I have a funny feeling they are half afraid to bring the goods in at the new prices.  tariffs without value is SIGNIFICANT PRESSURE. This is real…   [post 1 of 2….stay tuned]
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Commercial Solicitation

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My Ladies – THE CBI DID NOT SELL THE BONDS TODAY NEAR AS I CAN TELL, I CALLED ALL THE WAY UP THE FINANCIAL CHAIN AND WE CAN NOT SEE THEM.  NOVA CALLED UP HIS CHAIN AND THE SAME THING. I DID HOWEVER FIND SEVERAL OTHER BONDS FROM THE REGION FOR SALE. SO WE WAIT, BUT NOT MUCH LONGER I DON’T THINK.
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BGG – [did the bonds come out for purchase in Iraq?]  internal bonds…yes.  [has anyone heard if the tariffs actually started being implemented at Iraqi borders over the weekend?]   there has been print on both sides of this – I suspect they have… however,  I saw pics over the weekend of import vehicles waiting at “ports” to bring goods in… I have a funny feeling they are half afraid to bring the goods in at the new prices.  tariffs without value is SIGNIFICANT PRESSURE. This is real…   [post 1 of 2….stay tuned]
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My Ladies – Article:  “Iran plans to offer more generous terms to oil investors”   WELL HERE WE SEE IRAN COMING IN STRONG AND WITH SOLID CONTRACTS THAT ARE MORE APPEALING THAN ANY OTHER IN THE REGION,  SO I REPEAT WE SHOULD SEE SOME REACTION FROM IRAQ SOONER THAN LATER OR THEY WILL TURN INTO THE BIGGEST FAILED PROJECT THE USA HAS EVER TAKEN ON. I’M NOT EXPECTING THAT WILL HAPPEN.   …DEALS WITH IRAN ARE LOOKING BETTER FROM THE JUMP THAN THE CONTRACTS IRAQ HAS AND COUPLE THAT WITH NO PAYMENT ON THEIR CONTRACTS AND IT COULD GET SCARY FOR IRAQ REAL FAST.  THE DINAR NEEDS TO BE CONVERTIBLE AND REFLECT VALUE IN ORDER FOR ALL THIS BACK MONEY TO BE PAID.   SO WE CONTINUE TO WATCH IF ONLY FOR A LITTLE LONGER.
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Iraqi Dinar/Dollar auction 08-04-15

Currency Auctions Announcement No. (3006 – most recent listing)

This daily currency auction was held in the Central Bank of Iraq on the 08-04-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Memphis – [ARE THE TARIFFS AND TAXES BEING IMPLEMENTED A SIGNIFICANT STEP IN THE MONETARY REFORM? WHY OR WHY NOT?] There are many markers that will point to the end stages of Iraq’s monetary reform and among them is implementation of the tariff on all goods.  I have been watching the latest push as it APPEARS they are serious this time.  Now as to why?  The WTO has placed it as a requirement to membership and along side this the WTO has also mentioned their interest in seeing the dinar valued more on par with the USD.  So I have always viewed it significant as a marker that the end is near. 
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tlm724 – Article quote:  “The law of customs tariff applied in three phases, the first was on the specific types of goods, and the second more goods,” noting that “the application of the third phase began first on Saturday, (the first of August the current 2015), on all goods entering Iraq”  1,2,3 it’s a done deal!   Quote: “the General Administration of Customs created the supplies necessary for the application of the law at border posts,” pointing out that “the law will allow Iraq to join the WTO membership global”  now we’re rockin!
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BGG – [by tariffs going today is that the proof we needed?]  not entirely…they may be able to absorb these “internally” for a while… but sooner or later “market forces” take over.  [If a tariff is place on something coming into country, isn’t that International?]  It is possible to implement tariffs without an RV – but it puts a lot of pressure on the CBI – it is not impossible to think this is what they intend.  If the CBI won’t do this – the GOI moves forward without their approval.
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Abadi: the Maliki government “spent” all Iraqi cash reserves!

http://www.dinarupdates.com/showthread.php?16642-Abadi-the-Maliki-government-quot-spent-quot-all-Iraqi-cash-reserves!&p=125683&viewfull=1#post125683 …

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Mnt Goat – I know the plan as it was detailed to me many months ago.  All these aspects are interrelated and interconnected such as the needed reconciliation (or Erbil), security, banking and relations with neighboring countries. But our attention now should be on Abadi and the Reconciliation effort and its completion since we see these other areas there are no issues and are under control. Did the Customs and Tariff law get enacted?  YES…It positively did get enacted and is now in full force.  I am hearing the rollout of these new taxes is slow and so far the impact is MINIMAL thus the pressure to RV is minimal impact also, but only for now.  [post 2 of 2]
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tman23 – Its not all that easy… When and IF the huge exchange for IQD takes place, the exchange and purchase will require newly created money… which will require a “plan to sterilize” the over supply of domestic money… When you get to the “meat” of what is described as an elusive RV… it’s not elusive… it is not just as easy as flipping a switch… There are so many damaging domino effects in different economies who would pay for the large exchange of the IQD… The control measures have to be absolute… So then we have to believe that it takes more than a few people to prepare for such an event which contradicts that only a few people know… If you attempt to figure out the specifics… it’s way above our pay grade and IQ… and that is not meant to be disrespectful.  All we can do is wait and see how they make the change and how it affects our IQD holdings… They are in the process…
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Millionday – “National Expert Group announced to promote the private sector…including soft loans worth six trillion Iraqi dinars, confirmed that the government had promised to implement the program within a week or two weeks.”  THEY SEEM TO BE CONFIDENT THAT THEY WILL BE IN A POSITION TO ACTIVATE THE PRIVATE SECTOR …THIS IS HUGE…GREAT NEWS.  [They must feel they are going to get the Money Laundering taking care of that the world bank wants to get these loans, within the next few weeks then.]  THE CABINET HAS PASSED ALL MONEY LAUNDERING AND TERRORISM FUNDING LAWS…SO IT WOULD SEEM THEY ARE CONFIDENT.
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Round Table Chat w/BGG filling in (mid-day) 7-27-15

Thanks to DinarRecaps.com for posting Round Table with BGG filling in for MD!!

BGG: Let’s do a Round Table where we “bat some ideas around”… w/ LIVE Q & A??

semperfidude: Any news with Dinar Corp

BGG semperfidude: The latest development is they have an 8/10 hearing scheduled… which appears very, very quick.

BGG semperfidude: this is “reportedly”…

semperfidude: Licensing problems ?

BGG semperfidude: not sure of the full scope – but it would appear the “reserves” are an issue.

DiagyAAAE: IYO does the 60 day deadline have ANYTHING to do with an International rate?

BGG DiagyAAAE: IMHO it has EVERYTHING to do with a rate – the WB/IMF has (essentially) told them to get their AML policies in order or they will WOP them back to the stone ages (in currency value). aka – BLACKLISTED…

BGG DiagyAAAE: that does not appear to be a hollow threat… and it would seem directed at Maliki and his cronies.

DiagyAAAE: I totally agree!!!!

DiagyAAAE: Al-Maliki accused of wasting a trillion dollars

Baghdad, Iraq Press -3 August / August 2015

JUST A NEWS BOMB we can talk about

BGG DiagyAAAE: of note as well – Abadi appears to have a “new program” for the Integrity Commission – which is to ask “where did you get that?? Meaning they intend to as a lot of questions.

BGG DiagyAAAE: further – my concerns about Maliki and Abadi looking like they are getting along seem to be a “false alarm” – lots of news out today condemning Maliki of financial misdeeds in Iraq right now…

Read More: http://www.dinarupdates.com/showthread.php?16660-Bgg-q-amp-a-8-3-15

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Mnt Goat – They are down to the end of their timeframe to complete these reconciliation reforms I have referenced so many times already. This effort could not go on forever and this end had to come someday.  The WTO wants them as members and they are slotted to ascend to full member pending currency reform and tariff implantation. Remember it is always all about the $$$$. Having tariffs means a % goes to the WTO automatically through the software payment system. This could mean billions annually for the WTO. Having an international currency means ease of trade and payments, but it also mean having the rate set in the exchanges where they need to reference it for conversion in the software system… It is all interconnected.  [post 1 of 2….stay tuned]
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tman23 – Here is what I was told regarding Iraq domestic Bonds… The CBI purchased government bonds earlier which was to bridge a gap of liquidity to government owned banks. When the CBI purchases government bonds it creates new money which increases the domestic money supply. The offering of domestic bonds is used as a control to decrease the domestic money supply, these are control measures used by Central Banks. The international offering makes sense to come after the domestic and is not a secret plan, it is the financial tools and strategies applied by Central Banks around the world. These moves made by the central bank are known as “sterilization”… The bond sales are not to “raise money”… it is a control mechanism… Iraq is getting a handle on their currency inside and outside of Iraq…
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Poppy3   …EARLIEST WE WILL SEE CHANGE IS MONDAY AND ANYTIME, ANY DAY THERE AFTER. 

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Throwback Thursday

The Exchange Rate of Foreign Currency in Economic Feasibility Studies 

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

Estimate the shadow price of foreign currency:…

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

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