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…
Romans 15:13 (NKJV)
13 Now may the God of hope fill you with all joy and peace in believing, that you may abound in hope by the power of the Holy Spirit.
Heavenly Father, Thank You that You are the God of hope! Thank You joy and peace that we may abound in hope by the power of the Holy Spirit! 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 | 1324.809 | 1324.147 |
| British pound | GBP | 1788.411 | 1787.517 |
| Canadian dollar | CAD | 900.664 | 900.214 |
| Swiss franc | CHF | 1213.951 | 1213.344 |
| Swedish krona | SEK | 141.860 | 141.789 |
| Norwegian krone | NOK | 144.166 | 144.094 |
| Danish krone | DKK | 177.590 | 177.501 |
| Japanese yen | JPY | 9.719 | 9.714 |
| Special Drawing Rights |
SDR | 1645.774 | 1644.951 |
Indicative rates – 10.14.2015
http://www.cbi.iq/
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Without a theory the facts are silent. – Friedrich Hayek
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*** Current Posts ***
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Millionday – Article quote: “The budget of 2015 free of the fiscal deficit, but achieve financial abundance is estimated at 500 billion dinars” SO THE 2015 BUDGET IS SHOWING FINANCIAL ABUNDANCE OF EST 500 BILLION DINARS. THINGS THAT MAKE YOU GO HMMMMMM
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SteveI (Dinar Guru) – …there have been many unexpected events pop up over the past year and one never knows if anything else could slow it down. From our sources, there is not a whole lot more to get in the way of the end result. Progress is being made despite what you read and hear. There has been so much misdirection regarding information that one does question this investment, but for those that have great contacts actually here in the US and in Iraq, I like where we are and where they are going…not at the speed we all wanted, but this is not about us, but rather the rebuilding of an entire country. Apparently not as easy as it looks as we are looking for [from?] the outside in.
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tman23 – This Investment Law is not just needed but required for foreign investment to begin deposits in Iraq……..It was a condition of the European Union……. Iraq desperate for investment…….WHY THE DELAY ?? Parliament does not understand the Federal Government delaying 50 bills that have been read 2 times……The Investment Law was read 2 times……… IMO…..The delay is……3 zeros !!
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Economist: central bank issued gold bullion to withdraw cash liquidity from the market
Special – scales News – Stressed the economic expert on behalf of Jamil Antoine, Wednesday, the Central Bank of Iraq issued an alloy of gold for sale, to withdraw cash liquidity from the domestic market.
He said Antoine L / scales News /, “The central bank issued alloy of gold weighing grams and five grams to withdraw cash liquidity of the domestic market and one of these methods to withdraw liquidity from the market.”…
BGG ~ Whaaaaaa??? Why would they want to take liquidity OUT of the marketplace???
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Millionday – YESTERDAY THE UN ANNOUNCED THEY ARE BACKING THE REFORM PACKAGES OF IRAQ AND THE WORLD BANK AND IMF HAVE ALSO ENDORCED THE REFORM PACKAGES — THE COUNTRY IS NOT ABLE TO JUST SIT AND WAIT FOR PEACE — THEY HAVE TO SAVE THEIR ECONOMY IMO.
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Backdoc (Dinar Guru) – THINGS ARE STARTING TO HEAT UP! I LOVE THE CULMINATING EVENTS. EARNING SEASON SHOULD PROVIDE MANY MORE SURPRISES! SOMEWHERE IN THIS NEWS FRENZY AND CRASH WE SHOULD SEE THE RATE SHOW UP!
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Mnt Goat (Dinar Guru) – We are hearing that finally Iraq and the coalition forces are making great progress fighting ISIS. They do not tell us everything but one thing we know for sure is the goal is NOT to let ISIS DAASH reoccupy any ground already taken. As you know in the past once an area was cleared, ISIS simply worked around and out flanking the Iraqi and Qud forces reoccupying the area. This time this will not work. They are boxing them in and either they surrender or experience their final fate of death. This is all good news and what we need to hear. Another notch on our to-do list thus closer to the needed security stability as needed for the currency reforms.
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DinarUpdates.com Round Table Chat 10-14-15 PM 2 of 2
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
WELCOME TO DINARUPDATES.COM FOR ROUND TABLE w/BGG
BGG: Mr White had an exciting comment the other day… something like 24 or 28 days after the last Iraqi troops were forced out of Kuwait, with their country in shambles, war torn, nothing in order, infrastructure still at minimal capacity – they had new bills printed – and immediately “assigned” a value of 3.00 plus to their new currency…
wmawhite BGG: and these are my comments…
wmawhite BGG: In closing, keep in mind that Iraq invaded Kuwait in August 1990.The Kuwaiti currency at that time was the Kuwaiti Dinar. The Kuwaiti currency was replaced with the Iraqi Dinar by Saddam Hussein. Seven (7) months later, February 28, 1991, the Iraqi forces are kicked out of Kuwait and the war has ended. Only twenty six (26) days later, March 24, 1991, the Kuwaiti banks reopen with a NEW currency valued at 1 KWD = $3.50………….the key here is twenty six (26) days.
wmawhite BGG: Back to you, BGG.
BGG: OK – so…
wmawhite: Expect the unexpected.
BGG: that was my “fundamentals” commentary for the day…
BGG: any questions, comments, thoughts??
wmawhite: Kuwait was still in a mess and they reinstated their value.
wmawhite: No float………just bam!!!1
BGG wmawhite: BAM!!
Read More: http://www.dinarupdates.com/showthread.php?22456-Bgg-roundtable-10-14-15
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Aggiedad77 (Dinar Guru) – Well this is a week of numbers… remember what they are? One, Two, Three, and Four…1). Make public the LAWS; 2). Watch for the LD’s (50’s and 100’s) some are in Iraq, others are coming; 3). Date Dr. Shabibi to announce his return to the CBI; and 4). Dr. S receives the FATWA from the Iraqi cleric and yet another green light from the IMF to move things to a level of his choice.
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Backdoc (Dinar Guru) – WITH LAWS COMING TO CONCLUSION IN IRAQ AND IMPLEMENTATION IS ABOUT BEGIN, WE SHOULD BE VERY HOPEFUL! VERY INTERESTING TO SEE IRAQ’S BUDGET FINALLY COMING UP FOR AIR! SOON THAT NEW FRESH AIR SHOULD BE BLOWN AROUND THE WORLD.
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Millionday – Press report quote: “The Council of Ministers endorsed the reforms presented by Prime Minister Dr. pack. Haider al-Abadi, backed by vote of the House of Representatives unanimously” THE VOTE OF ECONOMIC REFORM LEGISLATION IN ITS ENTIRETY WAS VOTED THROUGH UNANIMOUSLY!!! THEY HAVE FOUND WAYS THROUGH THE REFORMS TO MOVE TO A MARKET ECONOMY WITH THE WORK PACKAGE WHICH SUPPORTS THE PRIVATE SECTOR AND PARTNERING WITH THE PUBLIC SECTOR — WHOOPOW! THEY HOPE THAT THEY WILL HAVE HUGE SUCCESS WITH THE REFORMS AS WAS WITNESSED IN EU DURING THEIR TRANSITION. THE REFORMS WILL HAVE A HUGE IMPACT AND FILL A LARGE PART OF 2016 BUDGET WITH THEIR SUCCESS. [What does that mean for us investors Legislation being voted thru?] THIS MEANS THAT THEY ARE PREPARED TO IMPLEMENT THE ECONOMIC REFORM PACKAGE DUE TO THE LAWS THAT NEEDED TO SUPPORT ALL THE CHANGES HAVE BEEN PASSED.
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Join Dinar Updates for a Round Table Chat @ 1:30pm CST – today in the Chat Room!!
Read More: http://www.dinarupdates.com/
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Millionday – “…praising the efforts of the United Nations Mission in Iraq for the return of security, stability, and development… noting that the United Nations is pouring its efforts in support of reforms.” THIS ANNOUNCEMENT IS FROM THE MEETING WITH THE UN AND IRAQ`S FOREIGN INTENTIONS — TO UNIFY WITH COUNTRIES OF THE WORLD. THE UN IS VERY HAPPY AND PRAISING THE RETURN OF SECURITY —-STABILITY — AND DEVELOPMENT. SO — POURING THE UN EFFORTS INTO THE RETURN OF IRAQ AND THE REFORMS…THIS IS GREAT — IMF — WORLD BANK — THE US AND THE UN — THAT WAS THE MOST POSITIVE STATEMENTS I HAVE EVER HEARD FROM THE UN ETC. [in your opinion how does this tie into a change of dinar value?] IT TIES COMPLETELY…THROUGH A MARKET ECONOMY AND THE NEED FOR THE CALLED FOR INTERNATIONAL EQUATION AND GLOBAL PRICING PER — GLOBAL TRADE.
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tman23 – They have painted themselves into a corner…The issue now is not the money that has been wasted but rather the TIME…Iraqi’s have idea how valuable time is…BUT IN THE NEXT 20 DAYS THEY ARE ABOUT TO GET A CRASH COURSE IF THEY DO NOT GET THE FED COURT ACT AND INVESTMENT LAW TO VOTE.
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firefly (Dinar Guru) – Relax, the Dinar opera is coming to an end! Really. [ok when?] please don’t ask me dates or rates…Just know it’s coming.
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DinarUpdates.com Round Table Chat 10-14-15 PM Part 1 of 2
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
WELCOME TO DINARUPDATES.COM FOR ROUND TABLE w/BGG
BGG: Is everyone ready for Round Table??
BGG: Let’s focus on some fundamentals today…
BGG: Parliamentary Finance reveal Iraq Federal Reserve: $ 59 billion and 90 tons golden
BGG: Special scales News – He revealed the decision parliamentary Finance Committee Ahmed flesh, Wednesday, for the existing Iraqi state treasury federal reserve money, noting that it is of the approximately $ 59 billion, and that the gold reserves of 90 tons…
BGG: Not to belabor this particular point…
BGG: However, ask yourself – why is the Finance Committee the one pushing this “stability agenda”???
BGG: Very curious if you ask me…
BGG: in fact, I wonder if they aren’t setting up to “take over the levers” – so to speak…
Read More: http://www.dinarupdates.com/showthread.php?22456-Bgg-roundtable-10-14-15
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Poppy3 – ALWAYS SAID BONDS WHERE NOT GOING TO SELL? NO ONE WILL BUY A INTERNATIONAL BOND THAT CANT BE TRADED EVEN THEY SHOWED THEM WITH A HUGE RATE ON THEM. BOND SALE WERE NEVER A POSITIVE FOR THE NEW RATE OF THE DINAR. THEM NOT SELLING IS IN OUR FAVOR.
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Aggiedad77 (Dinar Guru) – “It ain’t over until it’s over”….so true for Iraq…they stand hip deep in issues…they gather the wagons surrounded by bad guys…bad guys from the outside (terrorists) and bad guys from within (corrupt officials)… But they have someone who can save the day…one who has the expertise and where with all to change the course of things through his skill set and expertise…make it so…if Dr. S [Shabibi] who has silently stepped onto the playing field, an unexpected substitution of sorts for keywords…if he were to pinch hit in such a capacity that he is so well known for…”taking care of business”… I would suggest you watch for this…NATURAL…to step to the plate in the very near future…for I believe the destiny of Iraq will ride in his hands…His effort will connect Iraq to the rest of the world in a way no one expected…with an outcome for all who had the patience that was unbelievable…Dr. S is in control and the outcome will be monumental.
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Millionday – [Do you think with IMF or WB not giving the loan.. Iraq and US will be forced to pull the trigger…?] THE WORLD BANK AGREED YESTERDAY TO GIVE IRAQ ASSISTANCE FOR DEVELOPMENT ETC. MANY HAVE HAD A HARD TIME WITH A “NO FOR A LOAN” FROM THE WORLD BANK BUT — THEY AGREED TO ASSIST THEM WITH FUNDING GRANTS — THIS IS BETTER. KNOW THE MANY THINGS THAT THE WORLD BANK WILL ASSIST WITH AS WELL — CBI IS OVER BANKS NOW AND THEY ARE ACTIVELY HEAD OF THE BANKING REFORM…SO HELP FROM THE WORLD BANK IS HUGE.
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wmawhite (Dinar Guru) – …at any one time there are hundreds of bonds being marketed by countries. If Iraq wanted to up the interest there would have been buyer. Good for them choosing to pull the bonds. Remember, a bonds is the same as a loan…the issuer of the bond is borrowing money and if someone doesn’t want to loan you money is not an indication they do not want to invest in you. Instead, it is a business decision on their part.
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Kaperoni (Dinar Guru) – Parliament: “The meeting’s agenda number (29) Wednesday 14 October 2015 …The third parliamentary session…” They continue to get a lot of laws to a second reading. I still believe they will then pass them all at once in a basket.
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Millionday – [smart cards being used?] SMART CARDS ARE BEING DELIVERED AND THEY ARE WAITING FOR LOADING. MANY HAVE THEM IN HAND.
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tman23 – Mamoud is 82 years old and by law is finished serving……He will leave his position according to the law, he is the supreme judge and the integrity of the law will not be challenged…….. If I am correct on timeline……I believe November is the retirement date……
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DinarUpdates.com News Time Chat 10-12-15 PM 2 of 2
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: The statement added that during the meeting, they discussed the Iraqi – US relations, the current financial and economic conditions and the government’s efforts to bridge the fiscal deficit , the provision of funds and international loans from international financial organizations.
Holly1: That is a sweet report .. ty
Millionday: YW ALL THE TIME — I AGREE
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Read More: http://www.dinarupdates.com/showthread.php?22358-Millionday-News-10-12-15
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Hub (Dinar Guru) – there is not insufficient investment interest, there is no interest in worthless bonds…they need to come up with a value to their currency for people to want to invest in the richest oil country in the world. why would Iraq need to sell bonds or borrow money to support their budget. The IMF told them no way, stand on your…feet…
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firefly (Dinar Guru) – Article quote: “Iraq has halted its plan to issue international bonds because the yield it would have to pay on the debt was too high…” Who the heck would buy International Bonds at 1085…Not going to happen! The World Bank said in July it would provide Iraq with loans totaling $1.7 billion, while the International Monetary Fund agreed this year on an $833 million loan program. I would rather see the WB, IMF and UN GUIDING the Government than giving them money! IMO the loans are history.
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Mike (Dinar Guru) – Article: “Saleh supports the non-issuance of international bonds” Saleh was all for the bonds until he found out what the rate was going to be, since then, not so much. Who can blame them? Here’s hoping they’re in a corner and realize they need to get their economy opened up and the dinar with some value.
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Millionday – […is there something else they need to get done?] IN GOVERNMENT TERMS THEY ARE GETTING THINGS DONE IN LIGHTENING SPEED. IMO — THEY NEED TO ENACT LAWS AND ACTIVATE ALL REFORMS AS ONE. [ Does that affect RV?] IT IMPACTS THE ENTIRE PREPARATION FOR THE NEW IRAQ IMO — THE FEDERAL COURT BEING SO CLOSE TO DONE IS HUGE IN THE DEMOCRATIC POSITION IRAQ HAS TAKEN AND ALSO THE NATIONAL RECONCILIATION.
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DinarUpdates.com News Time Chat 10-12-15 PM Part 1 of 2
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: READ EVERY WORD
Millionday: (JIM)
Millionday: President of the Supreme Judicial Council, Medhat al-Mahmoud, said on Monday that the time set for the President and members of the Federal Court is nearing completion, as explained to determine the 12-year time limit in the new law of the Court, stressed that the work to Aaakhlua from political corners.
jimplants: BIG SMILE
Millionday: HUGE
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Read More: http://www.dinarupdates.com/showthread.php?22358-Millionday-News-10-12-15
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Mike (Dinar Guru) – Article: “Central Bank extends the sale of bonds for the benefit of the Ministry of Finance one month” Isn’t this the second or third time they’ve extended this “offer” to the Iraqi people? It don’t look to me like there’s very much interest in the domestic bonds either.
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Mnt Goat (Dinar Guru) – I believe when we see the accountability and justice law we will see these corrupt government officials be prosecuted at all levels and at warp speed. These trials should not take long since in most cases the evidence is overwhelming. I also believe this will lead to less disruption in getting the remainder of the needed reforms completed and thus a window for an RV. It is all going to come to a beautiful conclusion all of a sudden and shortly. [post 2 of 2]
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Mnt Goat (Dinar Guru) – I will say I believe we may be heading for another good opportunity for a window to RV coming up in the later part of October/early November if all goes well accordingly…IF, and only IF Iraq can accomplish their goals they will be inline to RV. We simply had to wait for the events to unfold that are required to bring the political stability, physical security and the economic stability needed for this RV event to occur. The pressure is on the Abadi government to set a timeframe and not let this go on forever, which seems to be the case sometimes. [post 1 of 2….stay tuned]
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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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