Thank You to all our members, MODS, VIP’s, Chat Copiers and News Researchers at

www.DinarUpdates.com

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Word for the day…

Ecclesiastes 5:18 (NKJV)

18 Here is what I have seen: It is good and fitting for one to eat and drink, and to enjoy the good of all his labor in which he toils under the sun all the days of his life which God gives him; for it is his heritage.

Heavenly Father, Thank You for Your Grace and Mercy! Thank You for the labor and heritage You have given to us to enjoy! In Jesus Name, Amen.

Mrs BGG

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Every time you say “Somebody should …”, try replacing the “Somebody” with “I” and see how it changes your outlook. – Will Spencer

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*** Current Posts ***

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wmawhite – Iraq will be selling what is called Euro Bonds…those are bonds in another country’s currency different from the seller of the bonds.   …bonds are not the indicator we are looking for.  If I sell you a bonds that states you will receive at maturity $1 million plus 6% interest…do you care what the exchange rate is? NO.
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Martha – 9/15 is the meeting of the UN General assembly and there will be several MAJOR announcements…it is also the release of the UN Operational rates and I hope this time we are finally on point with this one or else we may have to wait till end of month.  Iraq is ready and has been. She was prepared for the whole month of September to RV on a Tues-Thurs format… but there are those thought that there would be no rate change until DEC 31,2015 – NEW YEARS (hint hint).  Keep the faith for WE are almost there.
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BGG – I have some commentary “in review” of yesterday…Maybe I should have been a little more “tender” with my words. I used the word “RV” apparently currencies don’t do that… I say…SEMANTICS.  I care very little what terminology gets used. I care about getting things started OFF!!   Whatever the number – or the term – or what the “title page” looks like – I’m just looking for THE JUMPING OFF POINT…because once it gets going (again) their market will take care of the rest.   I also wonder what it has been called every time they changed the value of the Dinar since 2003 – (when it started out at around 4,000:1)?   it can’t have been a “float”…technically not an RV (according to some)…and again – I really could care less what they call it as long as the value goes up.
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Follow us on twitter @DinarUpdates !!

Don’t Miss “NEWS TIME” w/Millionday in the DU CHAT ROOM – Wednesday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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My Ladies – I KNOW THE DAY WILL COME WHEN THE DINAR RE PRICES… I DON’T KNOW WHEN THAT DAY IS THE CRYSTAL BALL IS STILL FOGGY.  BASED ON WHAT’S HAPPENING IN THE WORLD CAN THIS BE A SOONER ARRIVAL FOR US?  SURE…WHY NOT?  BUT WHEN THEY ANNOUNCE THINGS AND BLOOMBERG AND RUETERS REPORTS THEM THINGS SUCH AS INTERNATIONAL BONDS.  THESE THINGS LEAD US TO THE NECESSITY FOR AN INTERNATIONAL STATUS AND PERHAPS A VALUE CHANGE.   BUT THEN THEY COME IN 30 DAYS LATER AND SAY UMMM OH YEA BY THE WAY…  [post 1 of 2….stay tuned]
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Mnt Goat – One of the biggest advantages of the lifting of the sanctions is the return of all frozen assets to the Iraqi government, estimated at $82 billion, according to Central Bank data.  Its return will not only revitalize the economy, it will strengthen the value of the Iraqi dinar and increase its purchasing power.  But TO THIS DAY IRAQ IS STILL FROZEN IN TIME and still using the post war provisional 3 zeroes notes, meant to be transitioned to the new, permanent currency prior to sanctions being lifted in 2013.  So we know the delay in currency reform and the project to delete the zeros is noted clearly and there is pressure from members of parliament finance and economic experts who see the necessity to get the currency reforms completed since these projects can only help the dragging economy.  [post 2 of 2]
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Mnt Goat – I told you from mid August to mid September would be a very critical time for getting these reforms accomplished. I told you Abadi would make a final push to get them completed and it would be very sudden and unexpected by most. We are witnessing all of this now. I firmly expect Abadi to clean up the CBI and Dr Shabib to come back to an “official” capacity to head up the CBI once again before these projects kick off fully.   …it is very important and necessary for Iranian influence to be gone or greatly impaired in Iraqi politics and in the general influence of Iraq prior to any RV…the pressure is building now for this to happen too. Lots of pressure in all areas of getting rid of Iranian influence in Iraq...   [post 1 of 2….stay tuned]
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WELCOME TO ROUND TABLE CHAT w/BGG

Thanks to Dinar Recaps for posting Round Table w/BGG

BGG: I have some commentary “in review” of yesterday…

BGG: Maybe I should have been a little more “tender” with my words. I used the word “RV” apparently currencies don’t do that (otherwise I’m an idiot – according to some commenters). I say… SEMANTICS

BGG: I care very little what terminology gets used. I care about getting things started OFF!!

BGG: Whatever the number – or the term – or what the “title page” looks like – J I’m just looking for THE JUMPING OFF POINT.

BGG: because once it gets going (again) their market will take care of the rest.
~~~

http://www.dinarupdates.com/showthread.php?19697-Bgg-roundtable-9-9-15
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Millionday – [Does a member of parliament carry much weight on monetary policy?]   PARLIAMENT DOES HAVE WEIGHT ON POLICY — BECAUSE…EVEN THOUGH CENTRAL BANK IS INDEPENDENT — THEY ARE IN MONEY ACCOUNTABILITY — NOT ALL ECONOMIC MATTERS.  THEY ARE A WORKING TEAM FOR THE COUNTRY — CENTRAL BANK IS ACCOUNTABLE FOR DISTRIBUTION AND APPLICATION OF RATES INFO ETC — ALL ECONOMIC POLICIES WORK TOGETHER.
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Martha – In their professional opinion after being involved in Bond Offerings 100 times more valuable than Iraq’s, one does not make this long of a trip to the 2 leading World Powers with the 3 Leading World Banks IF NOT INTENDING TO MAKE A DEAL to issue debt THAT WILL BE AN OFFERING EXTERNALLY IN THE GLOBAL FINANCIAL MARKETS.   Iraq is not here for a lot of talk and no action. They are hopefully here to sell Bonds, signed sealed and delivered in the Global World Markets.  To do so, requires a rate and one considerably higher than is presently at 1186. No Country and No Corporate Entity in their opinion are going to buy these Bonds on a promise from a country such as Iraq or any country for that matter with a Program Rate.  It will require a RATE INCREASE FIRST.  Naturally this is only the opinion of 2 close friends who have over 50 years of experience in the World Global Bond Markets and are Dinar Investors and who have been involved in not Billions…but Trillions of Bond Investments over their long careers.  [post 2 of 2]
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Martha – [new guru]   I decided to…meet for lunch with two of my close friends who are very active in the Chicago Financial Community who are considered by their peers to be 2 of the most respected Bond Traders around who just happen to also be very large Iraqi Dinar Investors as well…one of them will be at the upcoming meetings in London.  Without a doubt, they both said that the United States and London are the 2 leading Bond Market Places in the World.  In addition, Citigroup, Deutche Bank and JP Morgan are without a doubt the 3 leading underwriters of the World. Neither of these 2 Countries or 3 Banks are going to be blindsided by a Country such as Iraq.  …the names listed representing Iraq on this trip are at the pinnacle of its own financial community. They would not be sending the best if not without orders to get a deal done.   [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction 09-09-15

Currency Auctions Announcement No. 3032 (most recent listing)

This daily currency auction was held in the Central Bank of Iraq on the 09-09-2015

The results were as follows:

DETAILS	NOTES
Number of banks	24
Number of remittance companies	11
Auction price selling dinar / US$	1166
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	198,435,500
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	198,435,500
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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BGG – “...A member of the parliamentary economy calls for the deletion of zeros and the issuance of Banknotes small to strengthen the dinar…”   which only means one thing…small notes and strengthening the Dinar = RV – period…as of today we have a member of the Parliamentary Economic committee calling for the RV…my comments are backed up by some very mainstream reports.  [How much of a push will that create now that the parliamentary economy has called for an RV?]   I’m hoping – a “tremendous push”.  
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wmawhite – [Alot of people are now thinking 2016/2017.  Any thought s on this?] I continue to believe that the CBI/GOI continue to press forward and that they may reprice/revalue the IQD at any moment.
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tman23 – Think about this for a minute……. Flashback to more Shabibi statements….. The concern of loans to citizens and the documentation including the 3 zeros on the loans and the confusion that follows when lifting the 3 zeros………  They speak frequently about all the different loan programs…….. IMO…I don’t see them opening all the new windows and mechanisms with the inclusion of 3 zero accounting……Saleh says in the coming weeks……NOT SOON…… but coming weeks.
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Millionday – TODAY [TUESDAY] IS THE LAST READING ON THE MONEY LAUNDERING LAW — PER AGENDA —THAT LEAVES A VOTE FOR THE LAW TO BE PUT IN PLACE —I AM SO EXCITED.  ABADI ALREADY GAVE THE OK TO LAUNCH THE ECONOMIC REFORM — THEY HAVE BEEN GIVEN THE OK TO RELEASE THE NEW CURRENCY…AND IRAQ IS A DEMOCRATIC COUNTRY.
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Join Dinar Updates for a Round Table Chat @ 1:00PM EST – today in the Chat Room!!

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

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Aggiedad77 – Article:  “Jubouri: Parliament seeks to inter legislation important laws”  Speaker of Parliament Jubouri recognizes as many do that Parliament has a number of important laws that await legislation on their part…they must act...they must move forward if they expect to deal effectively with the demands of the demonstrators and the reforms that are being pushed…Parliament is an integral part of this puzzle and they MUST do their part to keep the Iraqi head above water…this is not a time for Parliament to grow stagnan…they must act.
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tlm724 – Article:  “Agency US: Iraqi investment bonds “weak”   Quote:  “the Iraqi Finance bond strength rank B- weak, as shown that this category because of the vulnerability of Iraq’s security and institutional risks impressive on the strength of its economy”   had Iraq made better progress with their economic laws up til this point I believe this rating would have been at least a B or B+.   now they are wanting to sell these bonds and the confidence in Iraq has not reached a comfortable level Yet and they are gonna feel those repercussions during this sale.   they haven’t proven that they can financially operate outside of oil sales after all these years they are still working towards a free market and until they prove themselves financially responsible it’s gonna be a hard sell on these bonds.
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Kaperoni – Article quote:  “whenever we were able to strengthen the country’s economy will be reflected on the value of the Iraqi dinar” I think there is a bit of translation error in this statement… it translates as in past tense and I think we all agree Iraq has not strengthened the economy as of yet.  So I believe she is confirming what we have been saying for quite a while that as the economy grows, so will the dinar.
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Urgent!! A member of the parliamentary economy calls for the deletion of zeros and…

[Baghdad – where] a member of the Parliamentary Economy and Investment has called for the issuance of Banknotes small to strengthen the Iraqi dinar…

…The prime minister Haider al-Abadi, said on 17 July, said that “the Iraqi currency reserved and have a great economic power, hard currency is because it is backed also that Iraq has the potential and capabilities and we have the blessing of oil,”…

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

BGG ~ I guess I should have said it like this on the call…

“…A member of the parliamentary economy calls for the deletion of zeros and the issuance of Banknotes small to strengthen the dinar…”

Which only means one thing…

…small notes and strengthening the Dinar = RV – period…

Sooooooo

…as of today we have a member of the Parliamentary Economic committee calling for the RV…

as of TODAY!!

Will they?? who knows…

But someone who sits on the very committee Abadi used be the Chairman of is asking for the SAME THING YOU ARE!!

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Frank26 – Article:  “A member of the parliamentary economy calls for the deletion of zeros and the issuance of Banknotes small to strengthen the dinar“   When have You EVER seen a GOI member ask to lift the THREE ZEROS and give them the LD’s?  TEAM say the new policy is moving very fast.  Days to hours…Not days to weeks. Interestingly good.
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Millionday – Article:   “A member of the Parliamentary Economy and Investment has called for the issuance of Banknotes small to strengthen the Iraqi dinar.”   THEY HAVE TO OPEN TO THE MARKET BECAUSE OIL IS NOT ALL THEY NEED FOR EMPLOYMENT ETC — SO DUE TO THE ECONOMY AND >>>FISCAL POLICY THE SMALL NOTES ARE NECESSARY—WHOOOPOW.
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Breitling …You have gained, you just don’t realize it yet because people don’t count on the value of the dollar going down.  So you’re looking for a hard revaluation…it should have been here…so that is your timeframe…it should have been here.  Think about it…They get the note count down to about a billion and it should be around $3 and the last report we got was they were at 4 Billion.  You saw what they did with the 50 dinar note.  You know they are pulling a little off whenever they can.  There is a reason they are coming out with bonds.  There is a reason they are after the US dollar.  there is a reason they got rid of the note count.  There is a reason they passed these laws.  [post 2 of 2]
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Iran Has Controlled Iraq For Years. Now It May Be Pushed Out.

Iraq’s top ayatollah and its prime minister are subtly challenging widespread Iranian influence.

WASHINGTON — Iran has for years exerted tremendous influence over Iraq, turning it into essentially a Shiite-led client state under former Iraqi Prime Minister Nouri al-Maliki. But a new protest movement in the country’s Shiite-dominated south is a key sign that Tehran’s power is waning, as Grand Ayatollah Ali al-Sistani and Maliki’s U.S.-backed successor, Prime Minister Haider al-Abadi, make forceful moves to reclaim Iraqi independence…

Read More: http://www.dinarupdates.com/blog/
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Aggiedad77 – Article:  “A member of the parliamentary economy calls for the deletion of zeros and the issuance of Banknotes small to strengthen the dinar”  This is coming from a member of the Economic and Investment Committee…saying that the Iraqi’s need to either release the “small notes”…lower denoms…IMO…or direct the CBI to delete the 000’s…either would be consistent with their monetary policy…regardless of these types of steps…the Iraqis need to make a move on the Anti-Money Laundering Law…their time runs shorter every day to keep themselves from the Black List that they do not want to appear on… 
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Stryker – More Revenue + Delete Zeros + Small Notes = More Value…It all adds up to a revaluation.
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Frank26 – In the next 21 days…You will see something EPIC in Iraq. NEVER seen there before.
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Calls for the activation of the central government’s program in support of the private sector

The Central Bank of Iraq, Tuesday, that the loan, which was launched to finance projects depends on a legal product and consumer protection, pointing out that he can not be a monopoly ministries for all economic activities remain, while the government called for activating the program in support of the private sector…

http://www.dinarupdates.com/showthread.php?19650-Calls-for-activation-of-central-government-s-program-in-support-of-Private-Sector-9-8&p=130036&viewfull=1#post130036
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Aggiedad77 – Today we see the Iraqi’s getting set to “promote” bond sales…international bonds…will they be in USD or Euros…personally at this point I don’t care…I’m more interested in when they will try and sell them…this is a closely guarded secret for some reason.
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tlm724 – Article:  “The central bank agrees to rehabilitate the Warka Bank” Quote: “the Board of the Central Bank Board of Directors approved, today, the rehabilitation of the Warka Bank.” this is good news for sure, Warka has been teetering on the fence of failure for years now!  at least the CBI is stepping up…at this point in the economic plan Iraq can’t really afford to lose any banks
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Breitling – [Do you have a feeling for the timing for a significant change of the dinar value?  It’s been relatively the same for a very long time.]  There is a couple different ways you have to look at it.  You got out of the US dollar and into the Iraqi dinar.   People don’t want to hear this…they want to hear when it’s going to revalue.  But this is a game…  If I was going to go into an investment and there was NOT going to be a huge revaluation in the currency, I would still look at the dinar.   Because knowing the value of the US dollar has to go down…how much will the dinar go up?  It’s a 27% return so far.   You just beat the S & P 500.  It’s pretty remarkable.  [Post 1 of 2…stay tuned for the rest of the story]
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Iraqi Dinar/Dollar auction 08-09-15

Currency Auctions Announcement No. 3031 (most recent listing)

This daily currency auction was held in the Central Bank of Iraq on the 08-09-2015

The results were as follows:

DETAILS	NOTES
Number of banks	24
Number of remittance companies	7
Auction price selling dinar / US$	1166
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	193,228,083
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	193,228,083
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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ARTHUR – THIS IS PRETTY SELF EXPLANATORY.  THIS MEMBER OF THE ECONOMIC COMMITTEE IS CALLING FOR THE RV.  [S]HE IS SAYING THE DINAR SHOULD BE EQUAL TO THE US DOLLAR AND THAT THE CBI/GOI NEEDS TO DELETE THE ZEROS AND OR RELEASE THE LOWER DENOMS.  [S]HE IS SAYING ANYBODY TRYING TO MANIPULATE THE 1 TO 1 IN THE MARKET WILL BE PROSECUTED.  [S]HE IS SAYING THIS IS READY DUE TO THE CORRUPTION CLEANUP CURRENTLY UNDER WAY.  LET’S NOW SEE HOW THE MEETINGS GO TOWARD THIS STATED GOAL.
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Poppy3 – NEW RATE VERY NEAR AND NOT JUST WANTED BUT REQUIRED. THEY HAVE ANNOUNCED SEVERAL DEADLINES THAT REQUIRE AN ACCEPTABLE RATE BEFORE THE THINGS CAN BE MET.  PERIOD.  NO DEBATE IT IS FACTUAL. RELAX WE ARE IN GREAT POSITION IN GOOD HANDS.
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Mnt Goat – So we are witnessing the economic strength and power of the OPEC and the GCC in the…article. This is such HUGE news as Saudi Arabia and other member are willing to help Iraq through this economic crisis by cutting oil production. They are doing this to raise oil prices, something which we know Iraq needs desperately to stabilize its economy and help in it’s stabilization of the Iraq dinar (thus the RV later).  This is yet another tool being used to assure Iraq WILL SURVIVE AND WILL SUCCEED. How can you not succeed in the long term when so many countries are behind you?  [post 2 of 2]
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“Straight Talk Radio” Call!!

“for Dinar News – that MATTERS!!”
from Tues – 9/08

Click banner on mid-right of page!!

Smart phone user link – Click here

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Mnt Goat – “ECONOMIC SPECIALIST: OPEC WILL CUT ITS PRODUCTION RATES TO SAVE THE ECONOMY OF IRAQ”  I simply luv this article …  It is telling us so much about the OPEC and the GCC. The GCC is the Gulf Cooperation Council. It is a political and economic alliance of six Middle Eastern countries—Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain,Oman and now Iraq. Arguably the most important article of the GCC charter is Article 4, which states that the alliance was formed to strengthen relations among its member countries and to promote cooperation among the countries’ citizens. The GCC also has a defense planning council that coordinates military cooperation between member countries.  [post 1 of 2….stay tuned]
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BGG – Several major laws on deck for next week… Anti-Money Laundering Law… Investment Law…and National Guard Law – (plenty of ink on all three)…The bonds are a huge failure so far. They got a not so great credit rating… again. [Will a currency rate increase make bonds successful IYO.]   not really – (it might help) … but the point is – the bonds wouldn’t produce the dough they need. A currency rate would…at least bridge their short term budget issues…   [Do you think Abadi is coming here to promote the bonds this week?]  I don’t – bonds (on their best day) won’t save them…it’s something else…
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firefly – “Breaking News CBI Governor assures agreeing with Banks Union on unified exchange rates…Published: 2015/6/20”    WOW!  [that was in june?]  YES!!!  [so we have a rate, we just don’t know what it is?]  Appears so.  Folks, a monetary reform doesn’t happen with a push of a button…It’s a process.  They got the Green light on March 3rd. You folks really think Iraq shredded it?  …study your history, study your economics, Follow the CBI.  [so is there a way M (Maliki) can stop this all from happening?]  NO!  How can he?   You cannot stop a monetary reform…it is a way of life!  Problem being …EVERYBODY WANTS A DATE!  [But…On the news they are still talking about ISIS and oil prices dropping.]  Yes, Iraq has to move and fast!
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Breitling – The competition for the dinar is the US dollar and they are selling the oil in US dollars so they are not worried too much about the market rate for the dinar because it’s artificially manipulated anyway…It [the dinar] used to be at a $3 rate and it was at a billion notes.  And they printed a new currency [The notes you and I have now] and they printed a ton of them in two different stages and the governor of the CBI said ‘we are going to get the value of this currency back up but we are going to reduce the note count in the meantime.’  There was always the threat of a LOP.  But they would not have gotten rid of ONE note off the market…they just would have said, ‘Hey, let’s pretend those zeros are not on it and we’ll go from there.’  They didn’t do that.   They went the complete opposite direction…they started getting rid of the physical notes… [Post 2 of 2]
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tman23 – We need to see what takes place tomorrow in Parliament…..The only thing listed of importance is the AML (anti money laundering) second reading……and then taxes on vehicles for roads and bridges…(more taxes !!)…..  I was told back early August 9/8 was a big day in the CoM and Parliament……Here we are and we shall see.
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My Ladies – [Fitch and S&P have given Iraq a credit rating. Now Moody’s is the only one left…  I…feel we should see the final rating…possibly even as early as this next week.]  I AM A MEMBER OF MOODYS AND HAVE BEEN WATCHING BUT SO FAR HAVE SEEN NOTHING ON IRAQ GETTING A RATING AND NO MENTION OF THEM TRAVELING TO LONDON OR ANYWHERE ELSE… NEXT WEEK WORKS FOR ME HOWEVER I WILL RAISE MY EXPECTATIONS.
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Abadi plans to cancel Integrity Commission

Follow-up scales News – Newspaper, “life” of Saudi Arabia, Sunday, for the determination of Prime Minister Haider al-Abadi Cancel the Integrity Commission, as pointed out that failure to push for the sacking of Chief Justice Medhat al-Mahmoud…

Read More: http://www.dinarupdates.com/blog/
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Breitling – Everybody is in an uproar about the dinar being devalued [article].  …I’ve been telling you the dinar will not devalue.  They [Bloomberg] are trying to pretend they know the market rate of the dinar.  What they don’t understand is that it’s a completely manipulated currency right now and it’s manipulated by the amount of notes they have out there.  Just like any other currency out there.   The liquidity is shoring up…it went from 9 billion to 4 billion notes so it is very strange that these guys [Bloomberg] would even come up with an article like that.  Let’s say, if the value of the dinar should go down as the price of oil has gone down.  To keep the value up they’d have to get more dinar out of the market right?  And guess what?  At the end of the article it says by the CBI…the reserves won’t be depleted and the dinar will not be devalued…so why even print the article? [Post 1 of 2]
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Backdoc – THESE TWO MONTHS [SEPT. & OCT.] WILL BE VERY HISTORICAL I ASSURE YOU!!  LIFE AS WE KNOW IT NOW WILL NOT BE MUCH LONGER.  I LOOK FOR THE PACE TO QUICKEN AS SEPT. MOVES FORWARD. ABADI WILL DO WHAT HE NEEDS TO DO TO HELP THE GOOD DR S MOVE FORWARD.  IRAQ DOESN’T WANT TO BE PUT BACK TO THE STONE AGE.THEY WILL WRAP THINGS SOON.
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Nova & My Ladies – NEXT WEEK IS GOING TO BE INTERESTING TO SAY THE LEAST!   …WE ARE IN THE NEW SYSTEM…AND IF THE REFORMS GET DONE SOON THERE WILL BE NO STOPPING THE TRAIN.
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Frank26 –  The LAWS that You and i seek as investors and other entities for the MR have been positioned to be instantly activated…Triggered at the blink of an eye.  THE LL…Is the SPINAL CORD of Iraq’s Economic Survival and Future Existence.  When they are READY is when DRS will be ready. 
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SteveI – Press Release Quotes:   “…scheduled to travel a senior government delegation…next week, to the United States and Britain to discuss the issue of Iraq sovereign bonds” “The delegation will include government and finance ministers, oil and Governor of the Central Bank and the consultants and experts in economic and financial Shan officials to discuss the process of issuing sovereign government bonds in the global financial market.”  OK, why would the Governor of the CBI be going? He would go to sign documents making things official and ready to implement!  I think we are all closer then you think with articles like this. Yes you do have to read between the lines a bit, but when you do, my excitement level increases. 
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Frank26 – DELTA has CBI contacts going to DRS [Dr. Shabibi].  ITEAM walks and talks with him.  This combination not only gives me confidences but the eye of a Hawk as well.  It is up to me to share what we learn…BTW…INTEL has it…These limited International Bonds will ALL sell in an instant.  Even with the failure of 2006 Bonds…Why?  A [Abadi] and DRS [Dr. Shabibi] give…Confidence.
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Commercial Solicitation

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Bax – I have a friend in Baghdad who skyped me last night… he has been there over 3 years… he said there are tens of thousands protesting… mostly peacefully… said its the most he has ever seen….
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Chattels – Article quote:   “Wednesday, Parliament’s intention to pass the investment Pencchth amended law in the parliament session next Monday to achieve the full support of the Iraqi economy.”  Even if it passes there is the implementation issue with all things in Iraq.  My belief is that if there was only a first reading then there must be a second and then a four day scheduling wait, so next week may be an ” ambitious” timeline under the best of circumstances.
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Adminstrator Bob – Article quote:  “The central bank plans to put up a large gold bullion weights to sell to citizens”  [More reserves Gone!]  Reserves are a combination of foreign currency and precious metals (mainly gold). Central banks adjust these reserves often for profit.  This has little if any effect on the CBI overall reserves.
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Iraqi Dinar/Dollar auction 06-09-15

Currency Auctions Announcement No. 3029 (most recent listing)

This daily currency auction was held in the Central Bank of Iraq on the 06-09-2015

The results were as follows:

DETAILS	NOTES
Number of banks	24
Number of remittance companies	6
Auction price selling dinar / US$	1166
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	200,178,144
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	200,178,144
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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BGG – WB/IMF says OCT 1st (as a deadline for the AML Law ) and I added the Investment Law would go a long ways towards Abadi’s credibility…I really think the AML Law is pointed directly at Maliki and his bunch…which sounds like they will be doing sometime next week. [The National guard Law is crucial as well.]  it is – balances and puts power under the direction of Baghdad.  [AML Law = Anti-Money Laundering Law]
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Adam Montana – [ I see…different things needing to happen before there can be an RV. I thought that the RV was the sole responsibility of the CBI and not the government. I think that now would be a good time to clarify this again, just to keep us all on the same page.]  Here’s a quick…recap:  1. The GOI can’t force the CBI to honor a higher rate. It simply wouldn’t work.  2. Equally important – the CBI doesn’t need the support of the GOI to successfully raise the value of the dinar, but they also don’t want opposition from the GOI.  With those things in mind, we can know that the CBI makes the final call, but both entities will work together to ensure the success.
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BGG – Quite honestly folks – the news is a real mixed bag. Some good – some not so good…and some downright confusing… personally – I think it’s all about these reforms right now.   I sure hope Abadi hasn’t bitten off more than he can chew.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY	CODE	SELL	BUY
US dollar	USD	1166.000	1164.000
Euro	EUR	1309.301	1308.647
British pound	GBP	1781.765	1780.874
Canadian dollar	CAD	883.400	882.959
Swiss franc	CHF	1201.071	1200.471
Swedish krona	SEK	138.656	138.587
Norwegian krone	NOK	141.195	141.124
Danish krone	DKK	175.476	175.388
Japanese yen	JPY	9.668	9.663
Special Drawing Rights	SDR	1638.218	1637.399

Indicative rates – 09.06.2015

http://www.cbi.iq/

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firefly – All country’s purchase Bonds based on the country’s credit rating.  A “B” is NOT an investment rating. Iraq would need at least a BBB. Iraq has little time left. They need to do something and do it FAST!

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Breitling – You will never find a country putting out their daily note count.  That is a well kept secret.  Iraq has put out 3 reports in the Iraqi Journal.  the first report was 9 Billion to 6 billion [Note count] then 6 billion to 4 billion…but their is no daily count…it simply does not work that way.

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Frank26 – There’s a committee that’s a delegation coming from Iraq to the US – they’re already here – on the 11th there will be more. They’re here for the bonds…After this meeting in the US, they’ll move to the UK…at this meeting on the 11th, they’ll also talk about DAASH…   [IMO we should keep our eyes peeled on next week’s Bond meetings in USA and BRITIAN.]  Oh YES…It’s very important. Don’t know another way to express it’s importance!  DRS [DR. SHABIBI] WILL BE THERE! 
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