Word for the day…
Jeremiah 29:11 (NKJV)
11 For I know the thoughts that I think toward you, says the Lord, thoughts of peace and not of evil, to give you a future and a hope.
Heavenly Father, Thank You that You have a future and hope for us! Thank You that You think thoughts of peace towards us! In Jesus Name, Amen.
Mrs BGG
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You do know what Shakespeare wrote about lawyers – right??
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*** Current Posts ***
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Mnt Goat (Dinar Guru) – What is really happening with the Mastercards? ...these cards WILL NOT GO INTERNATIONAL until the currency is once again back on the international global exchanges. They can not use these cards outside of Iraq until this happens. Using the cards outside of Iraq means – the IQD rates will have to be in the international exchanges which enables the link to the conversion programs so the new currency can be converted from the country of origin’s currency amount…this did not yet happen…
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Frank26 (Dinar Guru) – I believe that Maliki will be the next thing. If this would have happened sooner, Maliki would have been control of the monetary reform. We knew Maliki was a snake … but we got into bed with him. The timing of all of these things are incredible. 400 Million Dollars (USD) was being sold in Iraq … that was a big boost for the USA … so we used Maliki. …sometimes it appears that Iraq is in control – and that is true when it comes to their “laws” … but the US has the powers of the green-light. The laws are important because the investors and the stock-market can’t succeed without them. Well over 100 GOI officials were fired and were replaced with US trained Iraqi’s. In my opinion – they fired every crook! We are not messing around! Nobody “invited” us back – but we’re tired of the “lip-service” … so we’re back! Iraq needs to arrest Maliki … not the US. The day you see Maliki arrested … Then you’ll know we are extremely close. [post 2 of 2]
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tman23 (Dinar Researcher) – Article quote: “Al-Abadi, Al-Jaafari will visit the United States, after the Eid al-Adha”, adding that Jaafari’s visit “will precede the visit Abadi, where he is scheduled to attend UN General Assembly meetings.” Very VERY interesting… The post 2015 summit concludes 10/1 and then they will go to council and if all are in agreement…Funds will be free for release…several trillions for global infrastructure building etc. …the timing of Abadi’s arrival is suspicious…we will never know but certainly have the right to speculate that…IRAQ is in the PLAN!! And if that is the case (which I am 99.99999% convinced it is)… Oct 6th the release is to happen upon agreement…and that is when the US fiscal year begins with funds to be released…and Obama is calling to get the US Budget passed now…But no doubt…The world PTB have some plan that is about to be initiated.
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BGG – the Moody’s rating is good news…whatever it means (exactly) them having a ratings outlook is good…and by the by – it is only a “provisional rating” on their bonds only – however, it’s essentially the data and info they would use on a sovereign credit rating… overall, and in light of the severity of their situation, I took this report as generally realistic..: and positive… as a credit rating agency – it is vital they are reliable in their portrayal to investors… still a reasonably decent outlook – “stable with instituational risk” is probably an accurate picture…What they have “in the ground” and what they can pump, process and sell are two very different numbers… and this is their short term issue – PERIOD. they are still spending too much based on the 2015 deficit and bad projection of oil prices. They have short term crisis – they have discussed (privately) bridging this gap with some emergency currency move…however, until this political corruption is “cornered” they are still discussing options…
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Mnt Goat (Dinar Guru) – We are off to a start of a fantastic week! In the many years of following this saga I have never seen such progress move so fast. Some element is definitely behind supporting Abadi and his council. These next coming weeks should be very interesting. I also want to say that when Iraq is ready to revalue their currency and come back as an international player it will just happen. NOTHING WILL STOP IT.
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Frank26 (Dinar Guru) – they are running out of time to do this. The Marshal Plan is Bush’s baby. Dr. Shabibi is getting older and fragile … and I believe that speed is a big factor now. Why is Dr. Shabibi important? He knows the software. He’s been protected by the USA (in my opinion) for the last 2 years. ISIS and DAASH is running. Think about it … why would we send Special Opps into the CBI? That was the first place they went. They didn’t need numbers from the CBI … they already knew them. The so called “audit’ of the CBI was a bunch of BS…all of this was done at night so that the mission could be accomplished. We believe the Special Opps did this for Dr. Shabibi – not Allik. Dr. Shabibi was given control of the green-light. [post 1 of 2….stay tuned]
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Backdoc (Dinar Guru) – UNFORTUNATELY, THE LOWER OIL PRICES GO, THE MORE DEFLATION WORKS ITS WAY AROUND THE GLOBE THE GREATER THE PRESSURE COUNTRIES HAVE WITH THEIR CURRENCIES! THIS DEFLATION PROBLEM ONLY MAGNIFIES THE DEBT PROBLEM WORLD WIDE UNTIL IT IS UNSUSTAINABLE! THE BEGINNING OF THE END HAS CERTAINLY BEGUN. HOW LONG WILL IT TAKE IS ANYONES GUESS! BE CONFIDENT THAT WE WILL BE BLESSED WHEN THE HURRICANE PASSES!
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Delta (Dinar Guru) – The stock market will increase because of the Anti-Money Laundering Law. The currency reform will make a lot of investors come into Iraq. The Iraqi Stock Market will be one of the hottest in the world. A lot of investor money will be coming into Iraq… it will be a holiday on Wednesday in Iraq so we are not expecting anything until after the holiday. Iraq needs liquidity. They need money. Iraq is a rich country but they have no cash on hand. They have oil, resources … but essentially, they are bankrupt. The USA doesn’t want this to fail. One of the stipulations for Iraq to move forward is to lift the 3 zeros. In order for the IMF to continue to support Iraq – they must add value to their currency. Let’s see what happens after the EID holidays. [post 2 of 2]
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firefly (Dinar Research) – Quote: “Representing the UN at the meeting, UNDP’s Resident Representative Ms. Lise Grande congratulated the Government of Iraq… highlighting “the importance of Iraq’s contribution in order to reach a globally binding agreement.” Sure doesn’t sound like gloom and doom to me. Coming direct from the UN site!
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Delta (Dinar Guru) – …the 50 and the 100 dinar articles are still confusing people. You will not have a country with lower inflation than Iraq. For the countries who added zeros to their notes is due to high-inflation. Right now in Iraq … inflation is very, very low. It doesn’t make any sense to produce more 3 zero notes. Remember the articles about the coin and the 50 and the 100 dinar? At the end of the article… they gave the example that the note would be a 50 note … and this was from a committee member. The plan to execute it was in July – but they didn’t do it. We do believe that they are now ready. Also remember the article about 3 weeks ago from … this guy…who is in charge of issuing notes for the CBI… stated that plan was to come out with the new note … valued at 50,000 but will be marked as a 50. This is not rumors – He said that the 50 dinar is ready and before the end of the year they will execute it. Obviously they can’t give you the exact date … but the monetary reform has to happen. [post 1 of 2….stay tuned]
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Millionday (Dinar Research) – Article quote: “President of the Republic Fuad Masum, the detection of the completion of the project of reconciliation in the country poses after Eid al-Adha.” FINALLY A TIMELINE FROM MASUM…ACCORDING TO WHAT I HAVE READ THE RECONCILIATION IS PLANNED AND BEING PROMOTED TO TAKE PLACE AFTER THE EID FEAST ON THE 27TH – HE IS STATING THAT THEY WILL NOT RESOLVE TERRORISM WITHOUT NATIONAL RECONCILIATION. THIS IS HUGE, HUGE TO BE PROMOTING THE NATIONAL RECONCILIATION CONFERENCE.
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Mnt Goat (Dinar Guru) – I have told you that come mid September we would be in an excellent window for the RV. I also stated in my news letter last week that if Iraq DID NOT complete what it had to complete on time and so the PTB will not RV. They will not RV until these needed laws are in place and at least partially implemented (as required). I will say if they can work out the details on four key issues – National Guard law, the Investment Law, Judicial Reforms, the Amnesty law and the controlling physical security situation we will be a great time position afterwards to possibly see some upward movement in the currency value. Iraq knows they need to do something with the currency value and they know they need to do it quickly. I believe they are now targeting RV by Oct 1st. But it is just a target date. If
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Backdoc (Dinar Guru) – […in your opinion do you believe all currencies will Rv at the same time?] …THERE WILL BE A FEW THAT WILL GO AROUND THE SAME TIME IN MY OPINION! THINK ABOUT IT FOR A MOMENT. IF YOU JUST MADE MILLIONS OR MORE ON ONE OF THESE CURRENCIES LIKE THE DINAR AND THE OTHERS HAVEN’T CHANGED YET MANY WOULD BUY MASSIVE AMOUNTS OF THEM CAUSING A DISTORTION ON NOTE COUNTS. THAT COULD DO SEVERE DAMAGE TO A COUNTRY. THIS IS THE REASON I BELIEVE WE WILL SEE SOME MINIMAL START WITH THE RIAL AT THE SAME TIME THE DINAR RETURNS!
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firefly (Dinar Researcher) – Reforms are already in process as in being implemented. M [Maliki] is nuisance but no more than a fly on the wall! If we have to wait till all corruption is done with…we will be waiting forever. Corruption is in EVERY country…NOT just in Iraq.
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Millionday (Dinar Research) – Article quote: “President of the Republic Fuad Masum, the detection of the completion of the project of reconciliation in the country poses after Eid al-Adha.” FINALLY A TIMELINE FROM MASUM… ACCORDING TO WHAT I HAVE READ THE RECONCILIATION IS PLANNED AND BEING PROMOTED TO TAKE PLACE AFTER THE EID FEAST ON THE 27TH –HE IS STATING THAT THEY WILL NOT RESOLVE TERRORISM WITHOUT NATIONAL RECONCILIATION. THIS IS HUGE, HUGE TO BE PROMOTING THE NATIONAL RECONCILIATION CONFERENCE.
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Backdoc (Dinar Guru) – SOME IN DINARLAND HAVE EXPRESSED CONCERN THAT IRAQ WILL…DEVALUE ITS CURRENCY. IMO, IT IS IRRELEVANT WHETHER IRAQ DECREASES ITS VALUE IN THE SHORT TERM AS OTHER COUNTRIES HAVE DONE. THAT TEMPORARY ISSUE HAS NOTHING TO DO WITH THE MONETARY REFORM! PERSONALLY, I HAVE NEVER BEEN MORE ENCOURAGED ABOUT THE DINAR, AS WELL AS SEVERAL OTHER CURRENCIES I HOLD! THIS COMING WEEK SHOULD REALLY RAMP THINGS UP IN A NUMBER OF WAYS. IRAQ APPEARS TO BE CONCLUDING THE LONG AWAITED LAWS IN PREPARATION OF A RATE CHANGE!
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Chalabi reveals corruption files to Iraqi politicians and ministers of the most prominent al-Maliki
Palm-A member of the National Alliance and head of the parliamentary finance committee, “Ahmad Chalabi,” about a group of well-known names thieves of public money.
He said Chalabi on his page in the social networking “facebook” site and I followed, “news agency palm” The first group of thieves Iraq, which has been its files handed over to the Supreme Judicial Integrity Commission concerning Huda Bank, United Bank, North Bank, Middle East Bank and the Bank of Assyria…
Read More: http://dinarupdates.com/blog/
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tman23 (Dinar Research) – Opinion piece from 2012…”the monetary authority would still face the tough mission of determining the Iraqi dinar’s exchange rate. Will it peg the dinar to the dollar, or to a basket of currencies? Or will the authority employ [floating exchange rates] – the current system – leaving the dinar’s value to be determined by market forces…” Iraq has operated a parallel exchange rate…one that is floating in the market…and a fixed rate of 1166 that the CBI operates on for imports. So Kap [Guru Kaperoni] saying floating exchange rates is nothing new simply because it has been floating on the streets for years now…BUT as the author noted…the best solution is to peg it to the dollar or a basket of currencies. The history of developing countries is to peg…many studies have proven that “investors” do not the risk of a floating currency in a developing country…and that would be Iraq in it’s infancy of opening a new economy, a new government finding it’s foothold, and a military striving for competence.
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Kaperoni (Dinar Researcher) – Article: “A member of the parliamentary Economics expects improved financial policy for Iraq in 2016″ Quote: “indicating that” policies that have drawn will lead to improvement in the financial situation of Iraq in the sixth month of the year 2016 “. This is an interesting article because [it implies] what we have been saying for a while that once they let out the 50k note (end of this year), about mid 2016 they will be in a position to begin to float…
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Poppy3 (Dinar Intel) – Basel III (or the Third Basel Accord) is a global, voluntary regulatory framework on bank capital adequacy, stress testing and market liquidity risk…many guru’s try to imply that basel has to be met for the new rate. NOT TRUE AT ALL. ANOTHER BIG MISCONCEPTION IS THE GCR OR GLOBAL CURRENCY RESET… ABSOLUTELY A MADE UP EVENT. NEVER HAPPEN…EVEN CHRISTINE LAGARD STATED THERE IS NO SUCH TERM EVER USED AT WHAT THE IMF DOES. SHE STATED SEVERAL CURRENCIES (PRIMARILY M E COUNTRIES THAT TRADE WITH IRAQ WILL POSSIBLY NEED TO ADJUST THEIR CURRENCIES UP OR DOWN TO MAINTAIN FAIR TRADE VALUES. [post 2 of 2]
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Movements in the backstage of the National Alliance for change
Baghdad/ Informed sources revealed the movements behind the scene of the National Alliance for change. Haidar Al-Abbadi, Iraqi Government after the reforms announced by the crisis raised with its partners.
Sources told Asharq Al-Awsat published in London on Monday over a “hindrance” to replace the Prime Minister, that “both the Islamic Supreme Council headed by Ammar al-Hakim and Sadr movement led by Muqtada al-Sadr say that if so it won’t come anymore one of Dawa party (led by former Prime Minister Nuri al-Maliki) Prime Minister.”
Sources disclosed that the verbal altercation between Al-Abadi of Maliki and his predecessor. She explained that the latter last week went to the headquarters of Abadi “began shortly after the shouting between the two men. “Maliki out of Office Abadi angry talking about who what he called traitors and agents of the English, in reference to the party leaders who were with him and turned to Al-Abadi, including Sadeq al-Rikabi, Tareq Najem and Walid ornaments (and three British citizenship).
In context, said Prime Minister Haidar Al-Abbadi, he knew that some close friends they will be turned after the reforms. ”…
Read More: http://dinarupdates.com/blog/
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Poppy3 (Dinar Intel) – The other part of this plan was introduced to the world as Basel Accord, by George W. Bush in 2006 when he first introduced the idea of changes to world wide banking policy. This was a very good idea in my opinion. THIS WAS JUST AFTER GWB WAS CONVINCED BY ALLEN GREENSPAN AND DICK CHENEY CONVINCED HIM THE REVAL OF THE DINAR AND PRE-NEGOTIATED RATE FOR THE US TO BUY OIL FROM THEM WILL ALLOW THE AMERICAN TAX PAYER NEVER HAVE TO PAY FOR THE WAR IN IRAQ AND CONVINCED HIM TO SIGN INTO LAW 13303 SO THE PUBLIC AND CORPORATION IN AMERICA COULD BUY DINAR. ( HE TOLD THE PUBLIC THIS SEVERAL TIMES). [post 1 of 2….stay tuned]
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BGG – Article quotes: “…announced Rafidain Bank on the use of cards ironing Card and MasterCard in employees and retirees pay the salaries. “adding that “retirees who are abroad now can receive and withdraw their salaries from any ATM in any country It is in it.” ...it appears retirees can use their cards anywhere in the world – likely because of the MasterCard deal. I doubt it automatically guarantees an “internationl rate”…it appears the deal with MC allows them access.
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Poppy3 (Dinar Intel) – [September is history…especially with Parliament out till the 29th… …why the wait if they are in such a hurry?] international banking rules and regulations they haven’t met yet…the international banking laws approved and met but their government and international rules keepers like the IMF, WB, UN FINANCE COMMITTEE. ETC ETC. …these are all things they are pushing as fast as possible daily now but governments and legals move slow in…regardless of the hurry. WE ARE IN GREAT PLACE AND OUR INVESTMENT GETTING MORE PROMISING EVERYDAY.
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Iraqi Dinar/Dollar auction 22-09-15
Currency Auctions Announcement No. 3041 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 22-09-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 11 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 207,554,813 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 207,554,813 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Eagle1 (Dinar Guru) – News out of Iraq…we have a report that Iraq passed the Anti-Terriorist Law and the Finance Responsibility Law…passed that, and that wiped out a whole fistful of laws Maliki had on the the books that allowed him and his cronies to steal big time from the government. The International Investment Law was tabled until next Monday, the 21st. Whether they take the vote or bump it out a few days, no one knows, but what makes this law significant is the law has no teeth if we don’t have an RV, or a raise in value so that it is at least on par with the U.S. dollar where it’s got some worth to it. If they don’t make the dinar at least on par to the U.S. dollar than this Investment Law really makes no sense. If they pass that law you can expect to see an RV.
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tman23 (Dinar Researcher) – Abadi made a statement a few days ago that he was not going to conduct business through the media…That has pretty much been the status quo of the top powers who count. Anything that is “market sensitive” which includes monetary reform is not going to be hashed out in public or through the media…. They may talk about laws and reforms but none of it will ever indicate outright that the currency will appreciate overnight in value.
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FrostyTheSnowman (Dinar Guru) – …two questions on my mind. #1 – When will Dr. Shabibi be exonerated … including his trusted colleagues so they can return to work with honor? #2 – Where will the 12’s final chess piece land? (In Iraq’s favor … or Iran’s?) IMO — lock-up M [Maliki] … and you lock-up Iran. Perhaps then will Dr. S be free to RV.
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BGG – Your thoughts and beliefs on this post: “The HCL has nothing to do with what we need to look at. It’s not going to push anything forward or anything like that. The HCL has to do with the country federalizing and what they are going to do with oil.” I agree…plus they have a “patch work” of oil laws that would work fine.
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Iraqi Dinar/Dollar auction 21-09-15
Currency Auctions Announcement No. 3040 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 21-09-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 11 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 205,544,963 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 205,544,963 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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tlm724 (Dinar Guru) – Article: “Parliament surprised by the government’s decision to withdraw 100 law including “federal” and “Service Board“. this is interesting… there is controversy about the COM deciding to back burner these laws but it was done to make sure the laws are up to speed with the reforms, the laws were done during Maliki’s term so I would do the same thing. PM Abadi obviously wants the financial laws front and center, as do we…
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Breitling (Dinar Guru) – Wall Street Journal Article “Stalled oil project weighs in on Iraq“…is this going to be a curse on the dinar being revalued? No it is not…it’s completely the exact opposite. That’s their play. That’s their back door. That’s they’re way out. What does Iraq have that nobody else has? The Iranian Rial is at market rate. The Saudi currency is at market rate. Guess what’s not at market rate? It’s the Iraqi Dinar. It’s a huge play. Huge plus for us. Huge plus for Iraq. They can make up for this stuff [glut of world oil/lower oil revenue]. They can double their wealth just by…adding value to their currency that should be there in the first place. Ok, that’s a great strategy, how do we know they are going to do that? It’s what we are always looking at…they are taking currency off the market. They are setting it up in order to do that. It’s good news for us. It puts Iraq’s back up against the wall to get them to use their number one option…their currency…their number one defense. And you and I are sitting on millions of it. That’s what we’re hoping for and that’s what we’re looking at.
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BGG – Article: “Najiba Najib: adoption of the investment law will help solving the problems of the financial budget” First – when is the Investment Law coming and exactly where does this law come up with the revenue to make good and this budget problem? OK – “reportedly – the Investment Law is coming soon” and secondly – good news to hear Najiba Najib talking like this but worth pointing out – she is the MP calling for an RV recently (value, increase, whatever you want to call it…). So there it is – soon and she’s calling for an increase in value – as an answer to their budgetary crisis… [how much weight does she have on making them do what she wants?] MP and sits on either the Economic or Finance committee…
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Millionday (Dinar Researcher) – Article quote: “Endorsed President Dr. Fuad Masum, the political parties law passed by the House of Representatives in 27 of last August, and while stressing the need to ensure the success of the national reconciliation...” THE PRESIDENT HAS CALLED FOR ALL LAWS TO BE RESOLVED AND HAS SIGNED THE LAW OF PARTIES…HE IS PUSHING FOR THE SUCCESS OF THE NATIONAL RECONCILIATION…HE IS PUSHING FOR ALL PREPARATIONS TO BE DONE. HE HAS CALLED OFFICIALS TO WRAP UP WHAT IS LEFT OF NATIONAL RECONCILIATION PLANS– AGAIN MAKING IT CLEAR…ALL LAWS NEED TO BE ENACTED.
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POPPY3 (Dinar Intel) – I CAN GIVE YOU THE TIMEING OF THE NEW RATE ??? ARE YOU LISTENING?? THE RATE WILL APPEAR THE DAY AFTER THE LIST OF REQUIREMENT GIVEN TO THEM AT THE MEETING 3 MONTHS AGO BETWEEN ALL GOI, PARLIAMENT , UN , WB, IMF HAS BEEN MET AND NOT A DAY BEFORE OR A DAY LATER. WHEN THEY MEET THE DEMANDS – BINGO THEY WILL RELEASE A NEW RATE TO THE GLOBAL MARKETS . WHAT A GLORIOUS DAY. POPPY3
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Mnt Goat (Dinar Guru) – Many…intel “gurus” are now telling you there are two windows of opportunity that the PTB are aiming at for the currency reform mid September and the end of September. I also believe these two alternative timeframes have been set for an RV. Mid September is here and Iraq has not yet completed all the promises from the mid June conference. They have decided to extend the effort for another 2 weeks to the end of September. So do not expect any RV at least until this timeframe. So they will now move to a new target end of September ending as their next date. Iraq is very close to accomplishing the needed tasks… They have less than 2 weeks to pass a couple needed laws but these are the most controversial ones. But the good news they are acting now and now is finally the time. [post 2 of 2]
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Commercial Solicitation
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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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