Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.
Word for the day…
Philippians 4:6-7 (NKJV)
6 Be anxious for nothing, but in everything by prayer and supplication, with thanksgiving, let your requests be made known to God; 7 and the peace of God, which surpasses all understanding, will guard your hearts and minds through Christ Jesus.
Heavenly Father, Thank You for Your peace that surpasses all understanding! Thank You that we can bring our requests to You with thanksgiving. In Jesus Name, Amen.
Mrs BGG
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One of the greatest delusions in the world is the hope that the evils in this world are to be cured by legislation. – Thomas Brackett Reed
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*** Current Posts ***
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Kaperoni (Dinar Researcher) – Looks like Saleh is recommending that the CBI get off the peg and at some point into a basket of currencies. I agree that would be best for Iraq…But I also believe prior to this, the CBI must allow the dinar to rise to it’s true value.
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BGG (Dinar Researcher) – [I hope that they hurry up and get the reading of the 3 Pres. Act done!] The fact that is within 1 reading and no one really knew – IS HUGE NEWS…they have apparently been working on it without anyone knowing. Once that is read and enforced – Maliki’s goose is cooked. Officially. the Law of 3 presidencies and the AML Law [Anti-Money Laundering] are both HUGE.
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Aggiedad77 (Dinar Guru) – Well the Iraqi news this morning is packed with some good stuff, and I’m expecting more to be coming our way as the day and weekend progresses. We stand on the doorstep of October and we are hoping for some really hefty kinds of effort from Parliament in these first few days of the month. May they be steady and strong in their efforts to push forward with some very key laws that can have a strong positive impact on the Iraqi economy and their reform efforts as well…rest assured they are moving at speeds we’ve not thought. We wait…we watch…we pray for the best…for we know…the BEST is yet to come.
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Poppy3 – no doubt about the fact that none of these banking laws, international credit rating, any of the goi and cbi regulations would have been needed if the CBI AND IRAQ GOI where not going to RV the dinar. they could have chosen to just continue to use USD…none of this would be needed. MEANING TO YOU AND ME THE NEW RATE IS COMING AND WITH THE IMF STATING THEY ARE PREPARING TO LOAN BILLION TO IRAQ THEY MUST KNOW THE NEW RATE IS A FOREGONE CONCLUSION. REST ASSURED NO RATE NO LOAN FUNDS WILL BE RELEASED.
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BGG – Article Quotes: “Iraq proves the case: the country has witnessed FDI inflows of an impressive $4.8 billion in 2014, according to the 2015 UNCTAD world investment report…” “According to the World Bank, FDI in 25 countries that were classified as conflict affected or fragile grew at a compound annual rate of 12% compared to 4.5% growth in the rest of the world’s FDI in the period of 2005-2012.” Here is a very interesting article… shows a legitimate reason why – in the face of such adversity – that major banks and players are still looking to invest in Iraq... essentially – (if I read it right) the rest of the world has seen economic growth of about 4.5% (total) and Iraq has seen a 12.5% compound increase in the same time-frame… There’s the reason…
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Mnt Goat (Dinar Guru) – Article quote: “…the Commission formally addressed the Presidency of the Council of Representatives to hold a special conference of national reconciliation and the introduction of those who want to contribute to the building the state and the new Iraq…” Remember this – No reconciliation thus No RV! I believe Iraq also needs the Investment law and Banking laws (already passed) and this too is holding back the RV but not needed for the “full” reconciliation. … there are also economic reforms that the government WOULD LIKE TO PUT IN PLACE too that can ensure a smooth transition to investors and international players doing business in Iraq prior to the RV.
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Kaperoni (Dinar Researcher) – Article quote: “Prime Minister Haidar Al-Abbadi said, the net oil revenues in next year’s budget draft 2016 “100% goes to staff salaries and retirees.” …all the revenue goes to pay state employees and that is why there is such an urgency now for a market economy to get additional sources of revenue and get citizens off the state payroll.
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Adam Montana (Dinar Guru) – I think Abadi has done a great job in reshaping the GOI. Maliki is small potatoes – he’s merely a gnat on Abadi’s shoelace at this point, and I think Abadi is working behind the scenes on bigger items. [any news on the HCL?] Strangely quiet at the moment…I’m hoping that’s the best news possible right now.
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wmawhite (Dinar Researcher) – Let me clarify…holding out is continuing to conduct business on the USD. But if Iraq wanted to continue on the USD Iraq would not be going through all of these painful changes. Based upon what the Board of Director of the Central Bank of Iraq, they are moving forward with the steps that are needed because of a change in value of the IQD. The change in the status of the IQD is nearing. Do not expect to be told in advance. Instead, the CBI will inform the world currency markets after the CBI makes the change. [post 2 of 2]
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DinarUpdates.com Round Table Chat (mid-day) 9-30-15
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
WELCOME TO ROUND TABLE AT DINARUPDATES.COM w/BGG
BGG: We’ve got BIG NEWS coming…
BGG: WE ARE DINARUPDATES!!
BGG: Ok – rcookie – where did you want to start off?? With the Maliki indictments??
rcookie: The evidence against Maliki and his clown car of criminals mount daily…He is ready for a fall!!….Just in the last couple days….
Read More: http://www.dinarupdates.com/showthread.php?21386-BGG-Round-Table-9-30-15
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wmawhite (Dinar Researcher) – [World bank about lend one billion to Iraq by the end of the year.] …these pedally loans are for the day to day operational needs of Iraq. The change in status of the IQD will enable Iraq to conduct business outside of Iraq. It will enable the CBI to “leverage” its currency. Such as, instead of paying 1166 IQD for $1 of expense…leverage to 1 t0 1. the sooner the IQD changes status the sooner Iraq can start leveraging its currency and using the international community to rebuild its country. Currently, Iraq is just treading water. How long can they hold out? Forever. However, they have told the world that they want off of the USD and use the IQD. [post 1 of 2….stay tuned]
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BGG – it appears…that Shabibi is the one who had the “legit goods” on Maliki and others… Maliki is trying to counter these reports of his outright theft with “counter-allegations” of huge bonuses and other perks. IMHO Maliki still has considerable power – it is still a very corrupt structure. However…they are making all these corruption issues with Maliki public now – because, of course, they intend to move against him soon… he’s still working to stay (on numerous fronts)…if they meant to keep him – why go public…short answer – they don’t…Maliki is throwing every vile accusation he can at the National Guard Law… it and the AML Law are the end of him…they have chiseled, and chiseled and chiseled… and he’s not as powerful as he once was. [Has parliament finally voted to dismiss the VPs?] not officially – (yet).
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Delta (Dinar Guru) – Maliki has been a “hot” issue in Iraq for a long time…but not lately. He used to give people money under the table. Abadi has eliminated those people. Maliki is out of power…and now he doesn’t have any money…so he is losing a lot of ground. Nobody listens to Maliki anymore. He has no support. He’ll get phased out just like the 3 zeros.
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Dinar Updates @DinarUpdates 
Bringing investment to Iraq BGG – Positive outlook on Iraq!!
Read More: http://www.dinarupdates.com/blog/ via @DinarUpdates
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Aggiedad77 (Dinar Guru) – Article: “Rapporteur of the parliamentary Finance: 2016 budget will arrive in Parliament on the tenth of next month” In the presence of a man who knows how big business should be run….I’m speaking of PM Abadi and how he attempts to run things on a tight schedule…the 2016 budget looks to be in the hands of Parliament maybe by the 10th of October…we shall see and certainly be surprised if it is…a budget of 113 trillion dinars on a deficit of 29 trillion dinars…how do they ever make ends meet.
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Adam Montana (Dinar Guru) – News right now on the HCL is scarce, but I actually like it that way. If we are to see a major change in the value of the currency, and it rests on a successful HCL, then we should not hope to see a lot of “news” or “tips” on it’s progress. The HCL, and then the RV, is something that will happen BOOM! or…”SUDDENLY”.
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wmawhite (Dinar Researcher) – Let me clarify……………holding out is continuing to conduct business on the USD. If Iraq wanted to continue on the USD, Iraq would not be going through all of these painful changes. The change in the status of the IQD is nearing. Do not expect to be told in advance. Instead, the CBI will inform the world currency markets after the CBI makes the change.
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MadDScout:
Statement From the PM Office:
“The Iraqi Government emphasises that the establishment of a cell in Baghdad with Russia, Syria, and Iran is solely to share information on Daesh in order to help Iraqi forces defeat the terrorist organisation and protect the people of Iraq. Iraq has not agreed to establish a military coordination cell with the said countries and any claim to the contrary is false. “
https://www.facebook.com/Haider-Al-Abadi-204803838632/timeline/
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Mnt Goat (Dinar Guru) – They have to make some kind of “reconciliation” or they will NEVER join the international community. Pressure is just too great from the USA and GB not to conclude this sooner than later. This they want and need so desperately. They also have until early 2016 to get their act together to get fully out of chapter 7 sanctions. This deadline is fast approaching. This was a deadline imposed by the UN of 10 year sanction release period. Now it’s time for Iraq to turn the page and to experience the full blessings and abundance that can come from the proper use of all their resources once applied to the global markets. It is my opinion the time is now. The clock is ticking. [post 2 of 2]
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Adam Montana (Dinar Guru) – [I have heard that Iraqi Citizens are able to use Mastercard and Visa outside Iraq, with an RV amount for those transactions. I would think that would mean there was an RV amount inside Iraq. Can you verify this?] I am in constant contact with folks there – if there was in in-country RV of ANY kind, I would know and I would definitely share that information… I do not believe an “in-country RV” is something we need to worry about. I give that scenario less than 1% chance.
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Mnt Goat (Dinar Guru) – I suggested many months ago…the USA will not give full military support to Iraq until they get what they want. So what did the USA want? …the USA is going to get certain needed reform laws from Iraq, an in return Iraq will then get the military backing and full support of USA led coalition to fight ISIS. Iraq can then move on to getting the “full” reconciliation it needs going forward. So we might have to wait a little bit longer to see how this all plays out but I believe we are getting closer than ever to the RV. I am talking maybe weeks at tops not months. [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction 01-10-15
Currency Auctions Announcement No. 3045 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 01-10-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 26 |
| Number of remittance companies | 9 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 223,122,249 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 223,122,249 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Admin Bob (Dinar Site Admin) – From time to time rumors come up of another CBI website which usually they turn out to be fake or some old site. But today, a website came to my attention that sat idle for years and only this month was updated with a format that appears to be indicating that the CBI is planning international commerce. It is very promising to see this site. [cbiraq.org]
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Millionday (Dinar Researcher) – THE NATIONAL RECONCILIATION CONFERENCE IS STILL IN THE MAKING AND NOT BEING HELD UP. [Is there a time-line for the Reconciliation Conf.?] NOT AN EXACT DAY YET. IM SEARCHING FOR GOVERNMENT NEWS. I JUST DONT SEE THE LAWS WE THOUGHT WE WOULD SEE TODAY [TUESDAY]. [are we waiting for these laws to be voted on…?] NO — I DO NOT THINK WE ARE WAITING FOR THESE LAWS TO SEE ECONOMIC REFORM TO BE DONE… I THINK THAT THE NATIONAL RECONCILIATION CONFERENCE IS EXPECTING THEM TO BE DONE. THEY ARE TRYING TO REFORM THE COUNTRY ALL AT ONCE — THEY HAVE WORKED HARD ON THESE LAWS AND THEY ARE ALL IMPORTANT. THERE ARE MANY LAWS THAT ARE RELIANT ON THE OTHERS.
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Frank26 (Dinar Guru) – The 2016 budget wants to come out by Oct 10th…no later than Oct. 14th. Abadi is trying to change things. He is cutting the power positions and in terrorism. The GOI is passing laws like crazy but we haven’t seen the National Guard Law yet. We need the National Guard Law…it will be extremely important. Many laws (well over 100) are coming. It may take all week before we find out about all of them. The Gazette is getting ready to print a lot of laws right now. Amazing…so many things happening so fast at the end of 2015.
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Millionday (Dinar Researcher) – Article: “Rafidain Bank deliberately to rehabilitate its branches at home and abroad, and the introduction of modern technologies in the banking business in line with the reforms announced by the government package.” SO THE RAFIDAIN BANKS HAVE MET ALL LAWS AND REGULATIONS FOR EACH COUNTRY THEY ARE IN — THEY MEET INTERNATIONAL COMPLIANCE AND MEET REFORMS AS ORDERED.
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Delta (Dinar Guru) – I believe that we will see the monetary reform before the end of this year. My team…99.99% something will happen before the end of the year. I was told that they really have to get moving very fast. They are standing behind the target date before the end of the year.
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EXOGEN (Dinar Guru) – MANY INTEL CALLS COMING IN TODAY RANGING FROM ABSOLUTELY INSANE TO 100% LOGICAL. TODAY WE HAVE HEARD SOME VERY EXCITING UNSUBSTANTIATED RUMORS RANGING FROM VERY INTERESTING, TO EVEN EXTREMELY CREDIBLE SOURCES. AS WE STATED APRIL 30, 2015 ACTIVITY SHOULD POTENTIALLY PICK UP IN OCTOBER, AND WE ARE NOW APPROACHING THAT WINDOW. THE GLOBAL FINANCIAL ARCHITECTURE AND CLIMATE HAS DEFINITELY CHANGED WITHIN THE LAST COUPLE OF DAYS…SOMETHING IS DEFINITELY HAPPENING IN THE FINANCIAL WORLD ON AN ELEPHANTINE & COLOSSAL SCALE TO FIX GLOBAL ECONOMIES.
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World Bank: We are working to lend to Iraq billion dollars by the end of 2015
[Baghdad-where] World Bank Vice President for the Middle East and North Africa Hafez Ghanem said on Tuesday that the bank is working to lend to Iraq billion dollars by the end of 2015.
A statement by the Iraqi Ministry of Foreign Affairs received by all of Iraq [where] a copy of “Foreign Minister Ibrahim al-Jaafari met with World Bank Vice President for the Middle East and North Africa the sidelines of the United Nations General Assembly in New York, in search of the World Bank’s work and the support that could contribute to its mitigation mechanisms from the lower oil price crisis, and its impact on development in Iraq…
Read More: http://dinarupdates.com/blog/
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Aggiedad77 (Dinar Guru) – …our great Dr. S [Shabibi]…is finally speaking out on his own…and speaking quite loudly to the fact concerning Maliki’s corruption and theft from within the CBI…Right out from under the noses of the Iraqi people…he stole to line his own pockets and to build mansions and the like for his golden days…well the time is coming that his golden days will be spent in an 8 x 10 “castle” of a room… …why is he now speaking out…SECURITY… of course….he feels like things are coming into place as he wants and he feels much safer to point the finger towards the party who is most guilty…Maliki...watch for more on this in the coming days…Maliki’s days are short…shorter than 91 days I would predict.
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Frank26 (Dinar Guru) – According to Teams Dr. S [Shabibi] is impressed. The banks are happy. Technology improves. Iraq is building a lot of banks inside and outside of Iraq right now. A lot of these banks will be loaded up with a lot of money which will need LAWS in order to loan that money to the citizens. Dr. Shabibi’s banks are back! And in my opinion, they are soon to be in his control and will pop-up like mushrooms in the morning hours. The baby-banks of Dr. S are important because they will launch the economic reform and the private sector. The bonds didn’t work at 1166. The experiment failed – which will force Iraq to finish the monetary reform.
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tman23 – The violence in the big cities will require security first before any monetary reform or investment takes place…Six people killed and eight wounded since Monday…in the countrys third largest city…SO NO RV UNTIL THESE EVENTS ARE UNDER CONTROL AND THAT WILL TAKE THE NATIONAL GUARD LAW BEING PASSED.
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Parliamentary Finance vows to pursue suspects of currency smuggling and money laundering
http://www.dinarupdates.com/blog/
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Millionday (Dinar Researcher) – Article quote: Ritesh S. Ramakrishnan, Transworld Group’s director of strategy and business planning, said: “Iraq stands at such an important moment of time – historically and commercially – and we are keen to play a part in this phase of growth.” AN IMPORTANT MOMENT IN TIME AND WE ARE INVESTED IN THIS MOMENT IN TIME. Quote: “…we will enable Basra to continue its accelerated march to becoming a key strategic trading center in the Middle East, bridging East and West.” AND…WE ARE INVESTED IN THIS KEY — WHOOPOW!
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Delta (Dinar Guru) – The holiday is over now. October 1st is the grand opening of the Islamic Bank. Today this announced that the banks have all of the new high-tech technology. They need to increase the value of the IQD and the banks know it. I believe that we are very close due to what the World Bank’s involvement has been with the state-controlled banks in Iraq. Parliament should meet tomorrow. The Investment Laws has nothing to do with the monetary reform…but over the next two weeks…we have a lot to watch for. Remember, the Qi-Card…the MasterCard…the ATM…all of this leads up to changing the value. Something really, really has to happen before the end of the year but it could happen at any time.
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Frank26 (Dinar Guru) – #1 (SECURITY) is doing very well. It’s not just for Iraq but in all the middle-east and in fact for the whole world. In my opinion, the currency of Iraq is the economic foundation to many middle-eastern countries. You see, a reinstatement will occur in-country. The international world wants the RV…Iraq wants the RI and so what is going on right now is inside of Iraq and outside with the middle-eastern countries is literally is the RI. This is the backbone to the RV of the IQD. International! And it’s not just being done for Iraq. It’s being done for the middle-east and in turn for the world…(and you).
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FrostyTheSnowman (Dinar Guru) – Article quote: “Former Iraqi Central Bank Governor Sinan al-Shabibi, said the former prime minister Nuri al-Maliki receive more money than all the rulers of the Republic of Iraq “together” of the leader Abdul Karim Kassem to Saddam Hussein.” Lovin’ the articles this morning…! The evidence is beginning to show forth and it appears that Dr. Shabibi is NOT afraid to talk … (and that spells spells “SECURITY” in my book).
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Backdoc (Dinar Guru) – WILL IRAQ BE READY IN OCTOBER TO GET THE BALL ROLLING? WE CERTAINLY ARE ENCOURAGED. WITHOUT THE MONEY HONEY THERE WON’T BE A TICKET TO RIDE! LETS SEE A RATE, THEN WE KNOW SHE’S GOT A TICKET TO RIDE AND SHE DON’T CARE!
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Kaperoni (Dinar Researcher) – “The meeting’s agenda number (24) Tuesday 29 September 2015” Well, no investment law.
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Aggiedad77 (Dinar Guru) – Article: “Rafidain Bank qualifies its branches and enters the modern banking technologies work” Why would they be so willing to expand in the face of such financial strife at home in Iraq…maybe things are turning around…turning in a positive direction that will warrant their presence in more places around the world…why you ask?…because the Iraqi dinar could be poised to be seen as a currency to be reckoned with on a world scale…IMO…just maybe.
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Millionday (Dinar Researcher) – Article quote: “…parliamentary Finance Committee, confirmed Saturday, the absence of concerns over the value of the dinar against the dollar, indicating that the cash reserve to cover the dinar would achieve the necessary stability of the exchange rate for a long time.” I HAVE SEEN ANNOUNCEMENTS FROM CBI THAT THEY HAVE NO WORRIES ABOUT SECURING THE VALUE OF THE DINAR — RESERVES ARE MORE THAN ENOUGH.
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Iraqi Dinar/Dollar auction 29-09-15
Currency Auctions Announcement No. 3043 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 29-09-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 26 |
| Number of remittance companies | 7 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 197,263,186 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 197,263,186 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Mnt Goat (Dinar Guru) – I think perhaps we are about to see this “package” of laws of the remaining reforms get passed. The National Guard law is a biggie and is ready for parliament now. I also believe these laws and the progress in the fight against ISIS is the key to the RV. THEY MUST COMPLETE THE AGREED TO REFORMS BEFORE ANY RV! Out of these reforms there was one that stood out more than the others. This is the most critical reform before any currency is going to be given back to Iraq (currency RV). It is the National Guard and it is all about security.
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EXOGEN (Dinar Guru) – READ THIS VERY CLOSELY: “Twilight News / Rafidain Bank announced on Monday for the rehabilitation of its branches at home and abroad introduction of modern technologies and advanced in the banking business in line with the reforms announced by the government package.” reforms announced.
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Kaperoni (Dinar Researcher) – Article: “The beginning of next month…the opening of the first Islamic bank in the Iraq government” Good to see the activation of advanced banking activities.
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Poppy3 (Dinar Intel) – I HEAR VOTING TOMORROW ON THE ENTIRE BASKET OF LAWS. BANKS ANNOUNCED THEY HAVE INTERNATIONAL ELECTRONIC BANKING READY. WE ALL WAIT FOR THE NEW RATE.
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Frank26 (Dinar Guru) – [Looks like the banks are joining us in the Long Line.] Actually it is these Iraqi Banks…there are now a few of them…That are opening up and will cause Iraq’s MR [Monetary Reform] to…Open Up Too. …It will start to dismantle the LL [Long Line]. IMO…the rest of 2015 is to set up the banks in Iraq for DRS’s [Dr. Shabibi’s] MR in conjunction with the New Laws…the GOI did yesterday for today. They are busy preparing and passing LAWS.
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Aggiedad77 (Dinar Guru) – Definitely some interesting news this morning…are we seeing an approach to the “day of reckoning” for the IQD…perhaps on a worldly scale...the Iraqi Official Gazette getting geared up for some good things…all those LAWS that have been talked about recently...Islamic Banks are coming…again more innuendos about security I think…watch for things to really start improving…IMO.
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Putin confirms Russia’s support for Ebadi full of Iraq in its war against terrorism
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – The prime minister Haider al-Abadi, said on Monday that Daash has become a common threat to Iraq and Russia, with Russian President Vladimir Putin said his country’s full support for Iraq in its war against terrorism.
This came during a meeting between Prime Minister Haider al-Abadi, on Monday on the sidelines of the General Assembly meeting of the United Nations and Russian President Vladimir Putin…
Read More: http://www.dinarupdates.com/showthread.php?21208-Putin-confirms-Russia-s-support-for-Ebadi-full-of-Iraq-in-its-war-against-terrorism
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Millionday (Dinar Researcher) – ABADI IS ATTENDING THE MEETINGS WITH THE UN IN NEW YORK WHICH WILL ADDRESS ALL THE CHALLENGES THAT HAVE CRIPPLED IRAQ IN MANY WAYS. …THEY CAN VOTE THROUGH LAWS WITH HIM OUT OF THE COUNTRY... BECAUSE THEY ARE A DEMOCRATIC GOVERNMENT AND THE LAWS BEING VOTED ON ARE IN PARLIAMENT — THE MINISTERS HAVE ALREADY (QUITE A TIME AGO) HAD THESE LAWS ON THE TABLE — WHAT IS LEFT IS PARLIAMENT VOTE AND PRINT.
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firefly (Dinar Researcher) – I’m in BGG’s corner on this one. As soon as corruption is under control…THE SKY IS THE LIMIT! Which is why the AML [Anti Money Laundering Law] is SOOOOOOOO huge. It is the cornerstone of all the other laws needed for the international community.
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Millionday (Dinar Research) – Article quote: “Parliamentary Finance Committee confirmed on Saturday, no worries on the value of the dinar against the dollar, indicating that the cash reserve to cover the dinar is liable to bring the necessary stability of the exchange rate for a long time.” THE PLANNED EXCHANGE RATE CAN BE SUPPORTED FOR YEARS AND CAN ACCOMMODATE TWICE THE LAW SET AMOUNT…THIS IS HUGE NEWS…THEY ARE CAPABLE OF SUPPORTING A NORMAL RATE RETURN. CONCERNS ABOUT THE ABILITY TO MAINTAIN THE EXCHANGE RATE TO BE APPLIED DOES NOT EXIST. THEY ARE ABLE TO KEEP THE RATE STABLE AND RETURN IT TO THE GOAL RATE THEY HAVE SET — THIS SHOWS CONFIDENCE FOR THE CENTRAL BANK AND ITS ABILITY TO MAINTAIN WHAT EVER THE RATE IS SET AT DUE TO THE TOOLS AT HAND.
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Millionday (Dinar Researcher) – Article quote: “Parliamentary Finance Committee confirmed on Saturday, no worries on the value of the dinar against the dollar, indicating that the cash reserve to cover the dinar is liable to bring the necessary stability of the exchange rate for a long time.” THE PLANNED EXCHANGE RATE CAN BE SUPPORTED FOR YEARS AND CAN ACCOMMODATE TWICE THE LAW SET AMOUNT…THIS IS HUGE NEWS…THEY ARE CAPABLE OF SUPPORTING A NORMAL RATE RETURN. CONCERNS ABOUT THE ABILITY TO MAINTAIN THE EXCHANGE RATE TO BE APPLIED DOES NOT EXIST. THEY ARE ABLE TO KEEP THE RATE STABLE AND RETURN IT TO THE GOAL RATE THEY HAVE SET — THIS SHOWS CONFIDENCE FOR THE CENTRAL BANK AND ITS ABILITY TO MAINTAIN WHAT EVER THE RATE IS SET AT DUE TO THE TOOLS AT HAND.
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Dinar Updates retweeted
Reidar Visser @reidarvisser #Iraq PM Abadi is in NYC for his 2nd #UNGA
http://pmo.iq/press2015/27-9-20152.htm … His predecessor Maliki was less consistent in attending these meetings.
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TD (Chronic Negative Dinar Opinion) – Just a few comments from my Kurdish friend (please treat all as rumor and please due your own sound diligence.) The Iraqis and the Kurds are very proud people and some of the articles of challenges they are all facing pale in comparison to the true conditions on the ground. Things are really tough to put it mildly. Abadi is losing support and a sense of “hopelessness” is weighing in on most ordinary citizens. There is talks going on again with the IMF for further help but this time it seems Iraq will not get any. The lack of reforms toward the growth of a public sector economy is reason número uno. Here in the short term it is more likely of a depreciation of the currency rather than an appreciation. Unanimous consensus my amigo says is that any appreciation is a long, long way off, at this point nothing should be anticipated in 2015 & 2016 as well. Way toooo much uncertainty and lack of stability.
BGG ~ COMPLETE B.S. – I only post TD to highlight his consistent “internet troll-like” behavior… as I recall this guy sold all his Dinar – right?!?
Internet troll; a person who sows discord on the Internet by starting arguments or upsetting people, by posting inflammatory, extraneous, or negative messages in an online community with the deliberate intent of provoking readers to a highly visceral, emotional response or of otherwise disrupting normal discussion, often for their own (sick) amusement…
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firefly – The HCL is huge for the people of Iraq but not needed for the monetary reform! Question needs to be asked … What does the HCL have to do with a monetary reform? In country for the citizens it is enormous. Internationally…well it has absolutely nothing to do with it
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tman23 (Dinar Researcher) – The elections and then appointments of positions in Iraq GOI was a mere game of musical chairs…same players, different appointed position…AND they did not begin to move into reforms until the poor population began demonstrating and was preparing to “burn the house down'” per se’… The reforms so far have been 99% cosmetic. They claim that after EID they will pass the laws that will enforce/re-enforce the reforms. The only one I care about is the investment law…once this is passed and new foreign contracts along with investment come into play…this influx of money and the accounting with/without 3 zeros will be the determining factor of which way the IQD moves.
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Brett McGurk @brett_mcgurk Earlier tonight in #NYC w/GEN Allen & #Iraq PM Abadi discussing #UNGA, and strengthening offensive ops against #ISIL.
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firefly – AML [Anti Money Laundering] is HUGE and was a must according to the WB and IMF. IMO it is the root for all the other international laws to come into fruition. I believe that the National Guard Law is just as important as the Investment Law. The HCL is huge for the people of Iraq but not needed for the monetary reform!
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tlm724 (Dinar Guru) – Article quotes: “Saleh, said that investment protection is the only and the main way to raise the economic growth in the country” “the investment essential and important issue of protection of the fact that the country has no alternative to economic growth and raise the rates of development, but from investments overseas” …Saleh is saying one way to make the needed adjustments to the economy is bring in foreign investors and their money, they gotta pass that investment law and protect the investment or no one is going to invest!
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Millionday – SO…TOMORROW THEY HAVE STATED IN INK THAT THEY WILL VOTE MINUTES AFTER THE FEAST ON THE INVESTMENT LAW AND MANY MORE LAWS AS WELL — SO ACCORDING TO REPORTS. WE HAVE LEARNED THIS INCLUDES AT LEAST — NATIONAL GUARD, INVESTMENT, FEDERAL COURT ACT, THE CIVIL SERVICE, RETIREMENT, AND THE NATIONAL RECONCILIATION LAW THAT IS NEEDED FOR THE PROJECT IN A VERY SHORT PERIOD AS WELL. THIS IS HUGE AND WITHIN A DAY BY WHAT I HAVE SEEN — PRAYING FOR NO HOLDUPS. [if they are to vote on laws minutes after their feast…what time might that be for us?] WE SHOULD KNOW TOMORROW NIGHT. [post 2 of 2]
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Millionday – Article qutoe: “Detection of the House of Representatives deputy rapporteur on the mass of the citizen Niazi architecture Ihsanoglu, Thursday, for the preparation of more than a dozen laws; for a vote after the Eid al-Adha.” SO AS WE SEE — THE LAWS THAT ARE OF GREAT GREAT IMPORTANCE ARE BEING VOTED THROUGH ALL AT ONCE AFTER THE FEAST. TODAY [SATURDAY] IS THE LAST DAY OF EID …TOMORROW [SUNDAY] IS THE FEAST — NOW THE REASON(S) WE FIND THIS SO EXCITING…ARE…ALL THE YEARS I HAVE BEEN RESEARCHING — I REMEMBER WORK BY GOVERNMENT DIRECTLY AFTER THE EID FEAST… [post 1of 2….stay tuned]
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Parliamentary Finance: we have huge reserves of foreign currency and dangerous for the payment of salaries
[Baghdad – where] The parliamentary finance committee emphasized, not dangerous for the payment of staff salaries.
He said the Commission’s decision Ahmed Haj Rashid, told all of Iraq [where], said that “Iraq has reserves tremendous amount of foreign currency,” stressing “the lack of seriousness on the payment of staff salaries.”…
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tlm724 – my opinion is this, Iraq had no choice but to activate the private sector, they can no longer depend on oil with the likes of Iran getting back in the game so they forge boldly ahead despite the opposition to change, the Supreme religious leaders are saying enough is enough, no more talk it is time for action! That is reassuring to me that Iraq is finally on the right path and is making that transition to a free market economy and with that comes a strong dinar.
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Poppy3 – …zero date has been given for the rv or new rate? all that has been said by many ligitimate sources ARE INDICATING THAT BEGINNING ON OCT 1 THINGS START HAPPENING TO COMPLETE AND MEET THE FINAL DEADLINE TO ENABLE IRAQ TO FINISH FINANCIAL REFORM AND HAVE ALL LAWS AND INCULDE THE NEW RATE RELEASE ON THE NEW VALUE DURING THE MONTH OF OCT.
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Mnt Goat – President Masuam told us earlier this week that FULL RECONCILIATION would be completed and announced after Eid. I was told that full reconciliation means that all the critical needed reforms would be completed. These reforms needed laws to implement them…So this is now what we watch for. What are these last remaining laws we wait for? …the Federation Council…the National Guard law…the Amnesty law…the announcement of the Judicial Reforms bill being passed and implemented… Investment law. I believe these last remaining reform laws are that “basket of laws” that will hit us all at once very suddenly after the Eid holiday. We are in the absolute best window ever to see Iraq have a significant increase in the value of their currency sooner than later. [post 2 of 2]
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Money Laundering Act will reveal a lot of issues involved corruption
Member said in the parliamentary legal committee that the anti-money laundering law will reveal a lot of actors involved issues of financial corruption.
And showed smile Hilali in a press statement that “money laundering law will work after Presidency authentication to reduce the money smuggled abroad as well as he would the actors involved corruption issues Mali.”
She explained that” people who use the Act properly they can punish the parties involved, “asserting that” the law will take effect after approval Presidency of the Republic and its publication in the Gazette official. “The House of Representatives voted in its meeting held by the 16th of this month on the anti-money laundering law.
Read More: http://www.dinarupdates.com/showthread.php?21070-Hilali-Money-Laundering-Act-will-reveal-a-lot-of-issues-involved-corruption-9-26
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Mnt Goat – I need to emphasize that we are about to enter one of the most pivotal times in the weeks ahead since I have been in this investment. Remember early October is coming upon us very quickly. There is a target in place and I believe they are pushing forward to attempt to meet it. The big question is will Iraq be ready? The reason we have not seen the RV yet, even though there has been many windows of opportunity planned…is because THEY HAVE NOT YET COMPLETED THE AGREED TO REFORMS! The PTB will continue to hold it back until Iraq meets its obligations even though they plan these RV windows ahead of time. I expect an explosion of news come next week since Eid ends on Sunday 9/27. [post 1 of 2….stay tuned]
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Millionday – “The Ministry of Finance will open on the first of next month, the first Islamic bank…” OPENING THE FIRST OF OCTOBER. THEY ARE HELD ACCOUNTABLE BY ALL STAKEHOLDERS SO THIS TIMING HAS TO BE THE RIGHT TIMING BUT…INTERNATIONAL COMPLIANCE BEING MET MEANS WHAT? IT MEANS…WHOOPOW! Quote: “House vote on the draft amendment to the Investment Law Minutes after the Eid al-Adha.” WOW INVESTMENT LAW WITHIN MINUTES. IN ORDER FOR THESE THINGS TO EVEN BE SOMETHING TO BE EXCITED ABOUT (NATIONAL RECONCILIATION CONFERENCE AND THE FIRST ISLAMIC BANK OPENING) — THE INVESTMENT LAW WOULD ALMOST HAVE TO BE VOTED WITHIN MINUTES AFTER THE EID FEAST IMO. ALSO I READ 12 OTHER LAWS AS WELL. SO HOLD YOUR HAT AND PRAY. [post 2 of 2]
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tlm724 – Article quote: “…supreme religious authority stressed the need for economic and administrative system reform…” THE supreme religious authority stressed the need for economic and administrative system reform *hallelujah* the pressure is on!
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Maliki looms by force of arms, volunteers and vows to “malicious traffic”
Shafaq News / The head of a coalition of law Nuri al-Maliki, said Iraq’s sovereignty is a red line “holy shall not be compromised.”
He said in a speech during a tribal conference in support of the army and the crowd People in Karbala, he said that “there is a desire in the forefront of regional countries do not want the best for Iraq, and also some partners who are still breathe the Baath Party and its ideas
BGG ~ This guy is nuts… he’s just making noise about a “political straw man – deflection tactic…
Read More: http://www.dinarupdates.com/showthread.php?21041-Maliki-looms-by-force-of-arms-volunteers-and-vows-to-quot-malicious-traffic-quot-9-26
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Millionday – Announcement quote: “the Presidency will launch a national reconciliation project, which will be presented to the heads of political blocs for the purpose identified and then starting to implement a long holiday.” THIS WAS A HUGE FORMAL ANNOUNCEMENT MADE TODAY [FRIDAY]. AFTER…THE EID FEAST…THEY WILL LAUNCH THE NATIONAL RECONCILIATION PROJECT... THIS IS THE COMPLETE NEW IRAQ WHICH COVERS ALL ASPECTS OF UNITY IN ITS ENTIRE FORM INCLUSIVE OF ALL PARTIES AND ALL OF IRAQ…HENCE >>>NATIONAL RECONCILIATION PROJECT…THIS IS HUGE IN OUR TIMELINE… [post 1 of 2….stay tuned]
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Aggiedad77 – AND here they come...10 important laws…that will bring forth good news after the holiday. Knocking on the door…who’s there…PM Abadi…what do you want…we are busy auditing…I’ve got the laws…what laws…you know…the “LAWS”…Parliament has promised me they will get some things done by a certain date…all the people in the land will be happy…but happiest will be those outside.
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Millionday – THE IRAQI NATIONAL REFORMS HAVE BEEN WRITTEN AND AGREED ON — NOW THEY ARE IN THE PROCESS OF ACTIVATING EVERYTHING INCLUDED WITHIN THE REFORMS. IF THE REFORMS WERE ALL DONE WE WOULD NOT BE HERE AT ALL.
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Deputy: a new package of important laws will be approved after the feast, including advisers Law
He confirmed a member of the parliamentary legal committee smile Hilali advisers that the draft law to be passed after the Eid holiday in the House of Representatives includes the appointment of five advisers for the three presidencies and three ministers, governors, saying that approval of the law will reduce the enormous number of advisers state officials.
She said Hilali in a press statement satellite radio tow that the House will pass after the Eid al-Adha holiday a set of important laws stating that the committee has the legal law and the law defining the mandates of the three presidencies and the law of advisers, noting that the law had been read a second reading and awaiting approval.
Read More: http://www.dinarupdates.com/blog/
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tman23 – This post 2015 summit taking place is quite different then in the past. All the players are coming to town per se’. Then the majors will meet in council. Abadi is scheduled to be in town. YEA it’s a UN Meeting on counter terrorism… BITE ME! They will meet and media will cover it…But it isn’t why all the majors are here including the Pope. (If) They all come to agree and then comes the rebuilding of world infrastructure with several trillions to invest… All this is being completed before Oct 6th… USA fiscal year funds get released on the 6th… Iraq has held off on the investment law for a reason of timing in accordance to this meeting. [post 2 of 2]
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tman23 – Question is…Why did Iraq Parliament pull from the scheduled vote on the investment law on the eve of the vote back in Nov 2014 at the request of Abadi? Question is…Why was the vote scheduled once again on May 25th and instead went into a closed meeting for 12 hrs working on nothing but the investment law…and was said that upon Jabouri’s return from meeting in Germany, Europe required some additional changes to the investment law. Question is…The amendments to the law have been completed for quite sometime since May 25th and there is no opposition to it… Question is why has it not been voted on? They have not opened the window for loans, foreign contracts etc..etc… BUT they did close out old contracts by paying out 9 billion dollars AND the new contracts are on hold…WHY? They have announced the offering/sale of international bonds on/after Oct 1st. Why not sell the bonds before Oct 1st? INVESTMENT LAW IS THE INTERNATIONAL KEY. [post 1 of 2….stay tuned]
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Poppy3 – ALL INDICATIONS AND ALL SOURCES BELIEVE WE WILL NOT GET THROUGH OCT WITHOUT A RATE. MOST EVEN TALKING EARLY OCT. TIME WILL TELL. I BEEN INVESTED OVER 11 YEARS AND STARTED RESEARCHING THE INVESTMENT 10 MONTHS BEFORE I EVER INVESTED. WE ARE CLOSING IN SO HANG LOOSE AND BE PREPARED.
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A member of the parliamentary finance: dealers, contractors and banks involved money laundering
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – the parliamentary finance committee member Husam punitive reported the existence of multiple files and the names of dealers, contractors and banks involved the crime of money laundering.
He said the punitive’s (IMN) “The House of Representatives passed the Money Laundering Act and form a council under the chairmanship of Governor of the Central Bank and the membership of Money Laundering Office in the Central Bank and one of the judges and a fight against organized crime,” noting that “work will be done after passed it to the President of the Republic and published in the newspaper facts Official to begin work officially.”
He emphasized the punitive “The presence of multiple files and the names of dealers, contractors and banks involved the crime of money laundering is currently being interrogated by a judge of the third class in the Supreme Judicial Council,” explaining that “the results will be announced verdict soon.”
Specialized Court declared claims integrity and money laundering and economic crime in earlier, they check in forty suit in forged certificates of origin contracting companies with the Iraqi government.
Read More: http://www.dinarupdates.com/blog/
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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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