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…
2 Corinthians 2:14 (NKJV)
14 Now thanks be to God who always leads us in triumph in Christ, and through us diffuses the fragrance of His knowledge in every place.
Heavenly Father, Thank You for leading us in triumph in Christ! Thank You for Your Love! In Jesus Name, Amen.
Mrs BGG
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Hiring a president solely on the basis of ideology is like hiring a mechanic solely because you like the same brands of cars. – Will Spencer
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*** Current Posts ***
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Kaperoni (Dinar Researcher) – Article quote: “the Committee of Economy and Investment Authority hold on Sunday a consultative meeting for the purpose of Search Investment Law and the addition of some paragraphs.” Looks like last Tuesday or Wednesday they met and reviewed or made changed (second amendment) of the Investment Law. And now a meeting is scheduled for tomorrow to see it its ready to go to a vote or not.
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Mnt Goat (Dinar Guru) – Article quote: “The Central Bank serves development and creates an appropriate environment through monetary and economic stability, the Central Bank’s reserves is to support exchange rate stability and to economic stability…” Dr Shabibi has been very quit for a very long time. So why now does he decide to speak out? I believe it is because he feels safe and less threatened by the goons of the past Maliki administration. The atmosphere is the government is slowly changing. He feels the Abadi administration is different and is making real reforms to create the political stability he needs to operate so now they can realistically address the monetary and fiscal policies needed to bring Iraq out of this economic crisis. So I have been saying all along and emphasizing that the CBI needs STABILITY prior to any RV.
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Aggiedad77 (Dinar Guru) – Have been sitting here…contemplating the news…though it may not be telling us much…it still appears to be showing how things are being done in lightening speed within Iraq at the moment… First Dr. S [Shabibi]…found the fortitude to speak out against his nemesis, Maliki. Now we see PM Abadi doing much the same thing but on a more “global” scale asking for help, but at the same time …telling the world…we aren’t going to play political favorites while we fight terrorism. Abadi is saying…we’ve had enough of the games, it is time to get serious… They need time…time to get the LAWS working for them….time to deal with security and terrorists….time to make things safe to spring forward to their next level...the BEST is yet to come and you don’t know how incredibly true that is becoming.
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Abadi: we will hold of squandered wealth and seek to approve the 2016 budget at a reasonable price for oil
Stressed Prime Minister Haider al-Abadi said his government will hold accountable all of wasted wealth of Iraq in previous governments, “adding that” the Cabinet seeks to approve the budget for fiscal 2016 at a reasonable price for oil. “The supreme religious authority has stressed yesterday to prosecute and hold accountable those responsible for what happened during the the last years of the loss of hundreds of billions of money of the Iraqi people in fake projects and contracting based on nepotism and corruption “, noting that” if the law did not apply the right of these and relive them money and punished for their crimes, including by matching will continue to corruption will not be deterred by corrupt for their practices. “…
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Millionday (Dinar Research) – “…text of the draft of the National Guard, which was approved by the President of the Republic Act based on the provisions of subsection (I) of Article (61) and Forever (Third) of Article (73) of the Constitution. This law was initiated due to security circumstances through which Iraq is due to exposure to terrorist attack…” APPROVED BY EXECUTIVE ORDER…IT MEANS EXECUTIVE POWER WAS USED DUE TO DIRE NEED IN COUNTRY. HOWEVER — THE CONSTITUTIONAL ARTICLES ARE NOT RIGHT BUT — HE DOES HAVE POWER FOR THE GOOD OF THE COUNTRY — SO WE WILL SEE WHAT ELSE COMES OUT TO VERIFY THIS REPORT. THINGS ARE MOVING FAST RIGHT NOW — SO OBVIOUSLY IT IS VERY INTERESTING TO SAY THE LEAST.
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Mnt Goat (Dinar Guru) – Progress of Reform Laws: 1) Islamic Banking Act, passed by the House of Representatives at its meeting on Thursday 10/1. 2) second reading of the Law of the Three Presidencies. I believe this law is not needed for RV but surely puts more nails in the political future of Maliki in Iraq. It does add to the political stability of Iraq. We have already seen the Parties Law passed in parliament in mid August and I feel this presidencies law goes hand in hand with it. 3)We are told that the Investment Law also is done but we still await the formal announcement (much needed for the RV). 4)We still wait for the National Guard, Amnesty and Accountability and Justice laws (high priority and critical prior to any RV)
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Millionday (Dinar Researcher) – Article quote: “the Second Amendment to the Iraqi investment law has been completed once and for all, after included several paragraphs…” NOTE — HAS BEEN COMPLETED ONCE AND FOR ALL — WHOOPOW. THIS IS FOR ALLOCATIONS AND DOMESTIC AND FOREIGN INVESTMENTS. SO NOW THEY WANT TO PASS IT AS FAST AS POSSIBLE…A THUMBS UP FROM UN AND A RUSH ON IMPLEMENTATION…
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Abadi al-Maliki demanded the extradition of real estate granted to him during the last 48 and rejects
BAGHDAD / Sky Press: detection of Prime Minister Haider al-Abadi early Saturday, said a political source called Vice President Nuri al-Maliki to deliver drugs Almmnouhhlh by the state within 48 hours, and the latter refuses.
The source for “Sky Press,” “The prime minister Haider al-Abadi student vice president of republic Nuri al-Maliki to hand over real estate granted to him by the government, adding that the request came in response to Sistani’s sermon on Friday, and in which he called al-Maliki to accounting.”
The source, who requested anonymity, that “the Prime Minister’s Office face a formal letter to the Vice President Nuri al-Maliki and take actions which it rejected in toto.”
Read More: http://www.dinarupdates.com/showthread.php?21575-Abadi-al-Maliki-demanded-extradition-real-estate-granted-him-during-last-48-rejects
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tman23 (Dinar Researcher) – IMO…They are holding back the investment law for timing purposes that are tied to certain focal points… those point can be several items…I believe they are tied to what the conference agrees upon (post 2015 conference) 10/1 – 10/5 …and an announcement by the IMF on 10/6… Have not heard a word on the bond sale…and it won’t until the “investment law” is voted in… Budget goes to Parliament by 10/11…so we have 5 days – 10 days…to see 2 events roll together. Just remember…it has been said by several parties that there is no opposition to the investment law…it has been read twice and is ready for vote…they just keep delaying it after announcing they will be voting on it. IMO…IT IS THAT BIG OF A DEAL!!!
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Mnt Goat (Dinar Guru) – Earlier this week it was announced that the USA…agreed to lead a coalition against ISIS in Iraq and Syria only if Iraq gave them what they wanted. This came out of the recent UN summit in NYC USA. What does the USA want in return? The USA wants the National Guard, Amnesty and Accountability and Justice laws passed in parliament and implemented. Also the soldiers need immunity (not amnesty as some say.) Abadi agreed to these conditions. So this also tells us how closely tied and interconnected these three laws are. Now the pressure is on for Iraq to make good on these terms and finally get these laws passed and implemented in parliament. So out pops an article in the news yesterday that Jubouri confirms its full support to all initiatives aimed at achieving a COMPREHENSIVE RECONCILIATION meaning passing the last remaining reform laws for this effort.
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BGG – I think very, very soon after Maliki is dealt with – things will move quickly.
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Poppy3 (Dinar Intel) – …THE DEADLINES ARE BEING MET ONE DAY AT A TIME. WHILE WE ARE NOT PRIVY TO THEIR COMPLETE LIST OF STEPS TO BE MET IT IS OBVIOUS THEY ARE NOT STAYING STATUS QUO… THEY (ALLAWI) AND CREW ARE DETERMINED TO COMPLETE SATISFACTION TO THE WORLD BANK AND IMF AND HIS POWER OVER THE CBI WILL BE ENHANCED TREMENDOUSLY WITH ONE MORE DAY OF PROGRESS IF THEY GET ALL THE VOTES COMPLETED. RUMOR…IS THERE ARE STILL 9 MORE ARTICLES OF LAW THAT WILL ALL BE IN A GROUP VOTE AT ONE TIME, LETS HOPE THIS RUMOR IS TRUE AND THEY CARRY THIS VOTE OUT THIS WEEK. HOLD ON IT GETTING VERY INTERESTING AND WE ARE GETTING DIRECT POSITIVE ACTIONS.
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Aggiedad77 (Dinar Guru) – Article: “Central Bank allocates billion dollars for the development of the bank sector” The CBI is offering $1 billion dollars to the government banks to work on improving their infrastructure…we have a serious need for you to look like world class banks soon…put it to good use and get your houses in order so that we can show the world we are first class operators when it comes to the banking environment…and again yet another mention of…LAWS…get them done especially those that impact the Banking Law…don’t let grass grow under your feet…we have a renewed urgency…from on high this demand comes from…make it happen…NOW.
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Mnt Goat (Dinar Guru) – It has been a good week but somewhat quite in comparison to the waves of news in recent past weeks. Could this be the calm before the storm? I believe it was the result of the Eid holiday and the fact that there was a delegation from Iraq in USA NYC attending the UN summit meetings all week. They are now back in country and so we should expect to see the spigot of news break soon once again. … Iraq is not there yet. I am beginning to get excited since I do see the end to this saga coming up soon. …today Sadar has called for a million citizens to peacefully march in the streets today Friday once again in protest for more SPEEDY reforms and to finally prosecute HIGH LEVEL OFFICIALS who were responsible. So we are seeing much support and pressure from the highest religious authorities in Iraq. When will they finally prosecute Maliki? You can see now the pressure is building from all sides.
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Dinar Updates Retweeted
Iraq Live Update @IraqLiveUpdate Reports that Daesh oil-smuggling tankers ‘invisible’ to US jets are suddenly visible to Russian jets & were bombed!!
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Frank26 (Dinar Guru) – [Ive been seeing numerous postings about the rate needing to come first before the laws, so…Could it be that these Laws, “Have Already been funded”?] how can the laws come before the rate. LAWS that we have begged for are ALIVE and well. They too are good soldiers attending to their post and READY for ACTION…AND LAWS do not need funding…They need WORDS. Then these WORDS activate The Funding once DRS lifts 1…2…or 3 ZEROS.
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Kaperoni (Dinar Researcher) – Article quote: “the Committee of Economy and Investment Authority hold on Sunday a consultative meeting for the purpose of Search Investment Law and the addition of some paragraphs.” “did not specify until now date to vote on the investment law.” Apparently they have a date to vote on it..but its not stated in the article.
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BGG – This is the whole ball game right here…supposedly they did the 2nd reading of the Law of the 3 Presidencies. As I understand it, that will take care of Maliki. So, they are within a 3rd reading and a vote and once they do Maliki has no immunity, if I understand correctly the way that is laid out. By the way, the only October 1st deadline was the Anti Money Laundering Law set forth by the World Bank and the IMF and they met that deadline early. Some say it was published in the gazette…not sure if that is true. There is no other deadline…they did what they were to do. Stop and think, they have never met a deadline before…so for what ever reason that meant something to them. Also, as soon as Abadi got back from New York he issued new orders and directives. He is walking like he is a man on a mission. That in concert with everything else going on this is very good news.
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Sistani’s representative calls to teach students “love of the homeland and the sanctity of public money.”
The representative of the religious authority in Karbala, Ahmad Safi, on Friday, on the need to improve the level of scientific and moral interest in the institution, and called to teach students the culture of patriotism and the sanctity of public money…
Read More: http://www.dinarupdates.com/showthread.php?21548-Sistani-s-calls-to-teach-students-quot-love-of-homeland-and-sancti-of-public-money-10-2
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Aggiedad77 (Dinar Guru) – “The Government of the Republic of Iraq and the Government of the State of Kuwait Article 1 of the Republic of Iraq to ratify an agreement on trade cooperation between the Government of the Republic of Iraq and the Government of the State of Kuwait” Remember TRADE is a vital blood line for any country and for these two, Kuwait and Iraq, to be opening doors with each other in this fashion is speaking so very LOUDLY…more of the good life to come…they are setting up some very good measures to bring about great growth for the proper time.
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firefly (Dinar Guru) – The ONLY law the WB and IMF was insisted on being done prior to Oct 1st was the…Anti Money Laundering Law…which was done AND published in the official gazette on Sept 16th. I believe that is the cornerstone to EVERYTHING else being implemented…the AML was imperative, especially for the border tariffs. Investment law not required but needed.
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Aggiedad77 (Dinar Guru) – Article: “Parliament will vote on the Islamic Banking Act” Parliament voted in agreement on the Islamic Banking Act on Thursday…this has to be their version of “fast track”…this moved through Parliament really fast…IMO…there is something else behind this act…why would they want or feel the need and urgency to pass this act…it has to play well with their economic recovery efforts, with Abadi’s reform efforts, and with the MR…all IMO….in that direction this must then be a very positive action on their part.
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Thousands of protesters heading to Tahrir Square in central Baghdad
Follow-up – Thousands of citizens, civilians and activists, on Friday, in Tahrir Square in central Baghdad to demand the fight against corruption and reform of state institutions, accusing the government and parliament to “procrastination” reforms announced recently, while security forces imposed strict measures on the place of the rally in anticipation of any breaches…
Read More: http://www.dinarupdates.com/showthread.php?21531-Thousands-of-protesters-heading-to-Tahrir-Square-in-central-Baghdad&p=132595#post132595
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tman23 (Dinar Researcher) – We know they will never give a sniff of a hint to the date of creating more value…if indeed that is their intentions, to create more value where public profits can be made… So them saying 2016 is just fine…We know from following this that they need a change in policy asap…not only are the Iraqi people restless…but the worlds emerging markets that are ready to take a big hit does not help “global stability” with more people becoming restless… IMO…The PTB cannot kick the financial can down the road another year… AND that is what 10/1 -10/5 meetings are going to be having to come to terms with…investing several trillions in global infrastructure building.
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Aggiedad77 (Dinar Guru) – Article quote: “The 70th session of the United Nations General Assembly is being held under world challenges on many scales, especially, fighting the terrorism of Da’esh.” Great speech by PM Abadi…he speaks of “sustainable development” in a very positive light…He seeks cooperation with all nations of the world in combating terrorism…he spoke of environmental concerns, the protection of generations into the future, elimination of poverty and discrimination. Lofty topics for someone leading a country that some say is on the brink of extinction… …know that a blessing is coming, not only for us but for all the world who continues to stay tuned in to all that is happening…
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tman23 (Dinar Researcher) – I think to the “education” part to the public regarding monetary changes…Say they plan on lifting 3 zeros at the start of 2016 (Which Shabibi said in ink a few times) that the start of the year is favorable and not in the middle of a quarter or year…That being taken into consideration…IMO, they would have to start educating before the time…and as they removed the 50 note and gave 60 days to turn them in….so goes the pre education part to new currency etc…point being...If this is going to go…it can go anytime after 10/6. We are going to know soon…and not Iraq “soon”.
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Parliamentary Economic coordinate with the Council of Ministers to recover funds smuggled
BAGHDAD – News Today – Vice Chairman of the economic and investment commission in Parliament, Harith al-Harthy said, that the Commission coordinate with the Council of Ministers to take quick action to recover funds contraband, since those funds can be used to support the national economy, as well as the pursuit of economic and investment commission to activate the private sector, and other supporting projects for financial returns of the state…
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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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Vote and reading for many of the laws the parliament session today to determine the states of the most prominent of the three presidencies
…The source asserts that “Parliament will read the second reading of the draft law and national the Authority for Nuclear Regulation and radiation, and the second reading of the draft accession of the Republic of Iraq to the Convention on Nuclear Safety Joint Convention on the Safety of Spent Fuel Management and the Safety of Radioactive Waste Management and the second reading of a bill defining the mandates of the three presidencies”…
Read More: http://www.dinarupdates.com/showthread.php?21485-2nd-reading-of-3-Presidency-Law
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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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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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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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