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…
Isaiah 26:3 (NKJV)
3 You will keep him in perfect peace,
Whose mind is stayed on You,
Because he trusts in You.
Heavenly Father, Thank You that You are the God of Peace! Thank You for Your peace; we trust in You 🙂 In Jesus Name, Amen.
Mrs BGG
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CURRENCY CODE SELL BUY
Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1166.000 | 1164.000 |
| Euro | EUR | 1312.216 | 1311.560 |
| British pound | GBP | 1789.110 | 1788.216 |
| Canadian dollar | CAD | 895.683 | 895.235 |
| Swiss franc | CHF | 1205.043 | 1204.441 |
| Swedish krona | SEK | 141.873 | 141.802 |
| Norwegian krone | NOK | 142.346 | 142.275 |
| Danish krone | DKK | 175.875 | 175.787 |
| Japanese yen | JPY | 9.715 | 9.710 |
| Special Drawing Rights |
SDR | 1642.929 | 1642.108 |
Indicative rates – 10.11.2015
http://www.cbi.iq/
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Whatever you do will be insignificant, but it is very important that you do it. – Mohandas Karamchand Gandhi
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*** Current Posts ***
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Poppy3 – WATCHING THE FINANCIAL MOVEMENTS THEY HAVE ACCOMPLISHED OVER THE LAST FEW WEEKS AND EVEN MONTHS HAS SHOWN THEY ARE USING EVERY STRATEGY TO COMPLETE THEIR PROCESS FOR COMPLETE FINANCIAL REFORM. SEEMS EVERYTHING IS IN PREPARATION FOR THE NEW IRAQ. REMOVING DEBT STEP BY STEP ONLY ENHANCING OUR POSSIBILITIES.
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Backdoc (Dinar Guru) – THE VALUE OF THE DONG WILL BE BALANCED VERY NICELY WITH TRADE. SINCE 80% OF THE TRADE CONTRACTS ARE AGREED TO BE SETTLED IN DOLLARS, CONTROLLING THEIR NOTE COUNT SHOULD BE EASY! WE DON’T GIVE DATES OF COURSE BUT WE ARE ECSTATIC ABOUT WHAT WILL BE REALITY IN VIETNAM! IMO.
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BGG – [And not to be a smart a**……. But how’s that National Reconciliation WORKING OUT !! LOL !!] Well – on one hand, you are absolutely correct… there are those who survive (and thrive) in chaos. However, there are also the new guard who know National Reconciliation is the key to their future… maybe not the key to an RV…but it will be the key to the future of Iraq. This new guard looks like Massoum, Jubouri, Abaidi, Sistani and others… the Shia have figured out setting the Middle East on fire only works so long… at some point peace might work… because eventually – everything is burned and there’s no where left to live… who cares if you are the ruling party if what’s left over isn’t worth ruling?
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hub – if you will look at irc section 988, it will give the tax code for currency exchanges for personal investment, this section says personal currency investment will be taxed as capitol gains, either long or short for the length of time you have the currency, now the exciting part, I looked on 20 or so sites about this matter, and almost 3/4 of them mention the dinar exchange. Read what you want into this, but for me to see this many sites mention the dinar and taxes, something must be causing it!!
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tman23 – I will say this again…..The only thing all these provinces, tribes, and displace people in Iraq have in common is the CURRENCY of Iraq…. If the currency has power to provide a life for Iraqi families and the common people, they will be along side the government to protect all interests….otherwise the only thing they have to offer is promises that never get met, and a market economy that is a joke without foreign investment and credit….
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Iraq stop the plan to issue bonds because of international high-yield
Alsumaria News / Baghdad – Ministry of Finance announced on Sunday that Iraq suspended its plans to issue international bonds, attributed the reason for this is that the revenue that will pay will be very high.
Fadel said the Prophet, Undersecretary of the Iraqi Minister of Finance that the recent “ordered a halt to bonds because the interest rate will be high.”…
Read More: http://www.dinarupdates.com/blog
BGG ~ So one of three things is in play here…
1) They couldn’t sell the bonds (no one was interested)…
2) The yield was too high (as is the interest rate on these international loans)… I did say international investors would buy – but they would want a premium for this risk (as in BIG MONEY)…
3) They have another solution to their budget crisis they intend to move on… (which they always have had)… HINT – MONETARY REFORM.
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tlm724 – Article: “World Bank refuses to give Iraq a loan of six billion dollars” no huge bailout for Iraq…it is time Iraq stood on it’s own and take responsibility for themselves! Iraq needs a loan of six billion dollars to cover his inability…this crisis and austerity program could have been avoided! if the World Bank keeps bailing them out then they will never impose taxes, privatize etc… I think it’s good that they said no to the 6 billion dollars.
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tman23 – I don’t know what the formula is to cure their ills……. But know that more purchasing power for their currency provides a solution because they import 90% of all goods…..And going back into the 1950’s their currency was valued way more then the usd……That being said; for 40 years their currency had better than 2.5 times the usd worth…..AND THERE MUST HAVE BEEN A REASON FOR THAT RATE ! IMO….. The only solution left is currency purchasing power….
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wmawhite – IMO, not one individual item/event will give us what we are waiting on…instead, there are a series of laws, financial initiatives that are setting up the foundation that will bring the new IQD to the world stage. Here is another little tidbit…look at the list of notes and coins for the IQD on the CBI website. As you look at those notes and coins you can see into the past and into the future. Those large notes tell the story since 2003 up through today. Those smaller notes and coins are an indication of what the plans are for the IQD in the future. The only way those smaller notes and coins will be useful in the market place is when the cost of goods are low enough for the consumer and merchant is use…and the only way those goods will be reduced in price is when the IQD is significantly more valuable outside the country.
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DinarUpdates.com News Time Chat 10-10-15 PM (evening)
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: THIS FIRST REPORT THOUGH
Millionday: READ EVERY WORD
Millionday: NOTE — THIS IS A VERY FORMAL MEETING
Millionday: Finance Minister Hoshyar Zebari, on Friday, that the government’s policy in the financial and administrative reform and in the fight against corruption in line with IMF and World Bank policies of international “.
A statement by the Ministry of Finance received / scales News / Zebari “head of the Iraqi delegation to the annual meeting of the International Monetary Fund and the World Bank and the accompanying public debt circles managers and the delegation, and the Fund for the Iraqi Development, and the budget in the Ministry of Finance,
Millionday: NOTE — THIS IS NOT JUST AN INTERVIEW — IT IS THE PRESENTATION RESULTS FROM THE IN PERSON MEETING
Millionday: NOTE — IRAQ`S REFORM IS COMPLIANT WITH WB AND IMF — ====INTERNATIONAL COMPLIANCE
Read More: http://www.dinarupdates.com/showthread.php?22169-Millionday-News-10-10-15
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Martha – I haven’t read anything today but I do have the same group that was told last Wednesday that the window is 10/10 -10/15 for them. Again treat as rumor.
This continues to keep in line with Tony, Bruce, and even Frank! You all have to admit that this is the longest route to a RV. Tonight, the markets go down all around the world.
Tomorrow the 11th would really be a perfect day for the release.
Monday, the 12th is a holiday and markets are open. Some banks like Wells Fargo are open and some are closed.
The 15th will be the UN operational rates if there are changes.
I won’t discuss numbers or moons but the #11, dates 10/12 -10/13 in the Hebrew calendar are the 29th and 30th and there is a new moon.
And there you have it.
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tman23 – Zebari solicited the world for loans and donations….he came back empty handed……NO SOUP FOR YOU !! So now he talks of “states” or neigboring countries……LOL !! Well you owe Kuwait billions that they defered payment to 2016….but things are getting worse……….MAYBE HE CAN ASK IRAN FOR A LOAN SINCE OBAMA IS RELEASING 150 BILLION TO THEM……AND IRAQ CAN SELL/BORROW THEIR SOUL TO THE REGIME THAT TOOK ALL THEIR MISSING FUNDS IN THE FIRST PLACE……
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Millionday – Article quote: “Imad emirate called economic academic d. Rahim Hassouni to develop (the Federal Council for Oil and Gas) for his contribution in the development of Iraqi oil policy…” HASSOUNI HAS BEEN ASKED TO FORM FEDERAL COUNCIL FOR THE HCL TO BE MONITORED ETC…THE ADDITION OF THIS FEDERAL COUNCIL IS TO PLACE OIL PRODUCTION OF IRAQ WITHIN ALL GUIDELINES — INTERNATIONAL AND REGION… THE DUTIES ARE FOR OIL PRODUCTION AND PRODUCTS FOR THE MARKET WITHIN INTERNATIONAL COMPLIANCE. THIS INCLUDES BUDGETED REQUIREMENTS FOR THIS YEAR`S BUDGET. THE BUDGET FOR THIS YEAR (2015) HAS INTERNATIONAL OBLIGATIONS WITHIN.
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Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Sunday evening at 7:30pm EST!!
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Backdoc (Dinar Guru) – IRAQ IS RUNNING A 400 METER RACE, WHICH IS ONCE AROUND THE TRACK! BEFORE THEY CROSS THE FINISH LINE THEY ARE FEELING THE PAIN AND THEY WILL BE FORCED TO LEAN OVER THE LINE! THEIR OXYGEN LEVEL HAS TO BE DROPPING! GETTER DONE BOYS!
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rockymtnlady – Ray in Open Mike Sat afternoon…OM report: Ray is in a great mood. Confirmed that private exchanges are ongoing this weekend.
It appears the plan is to complete private exchanges by Monday eve or sooner. Then it is us … the Internet folks. They want us done by Wed or Thu eve.
Then the exchanges will open to the general public.
Ray is planning to be on a beach in St Thomas by the 20th … maybe the 24th … depends on how much biz he needs to get done before he leaves for some R & R.
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Aggiedad77 (Dinar Guru) – I am all for transparency in writing this budget and getting it published…..but keep the cloak and dagger boys away from the budget until “after” it is approved…..oh sorry….I meant the Finance Committee of Parliament….no last minute shenanigans from them this year…….give to the people just like PM Abadi wants…..straight up with a twist of lime and one olive.
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Iraqi Dinar/Dollar auction 10-11-15
Currency Auctions Announcement No. 3051 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 10-11-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 23 |
| Number of remittance companies | 7 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 175,008,113 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 175,008,113 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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BGG – Jafaari had the nerve the tell the US Ambassador (this morning) that our coalition didn’t meet the threat level of terrorism in their country… this from a guy who was overseeing the party for which Maliki was campaigning for while he was bombing Anbar and starting this whole mess for his reelection campaign…without Maliki – I truly believe ISIS would not be what it is today…and this is the very reason – I see no way the world let’s him off the hook so easy. I agree – their economic situation is still dire…and this may be the thing that really puts us in the running… as soon as the main bad actors are down – I fully expect monetary reform in stages – they are too desperate. Their situation is dire. They need the bounce ASAP.
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Mnt Goat (Dinar Guru) – what should we be looking from Iraq to indicate to us they are gaining the stability needed in these three areas of concern? 1) POLITICAL STABILITY (getting rid of Maliki and the Iranian influence); 2) PHYSICAL SECURITY (getting rid of ISIS and DAASH); 3) ECONOMIC STABILITY (ending the corruption, returning the loss Iraq funds, the return of Dr Shabibi to the CBI and the diversification efforts in the Iraqi economy, price of oil on the rise).
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Commercial Solicitation
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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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