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…

Psalm 5:11 (NKJV)

11 But let all those rejoice who put their trust in You;
Let them ever shout for joy, because You defend them;
Let those also who love Your name
Be joyful in You.

Heavenly Father, we rejoice in You! We love Your Name! 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

Indicative rates – 10.23.2015 (No change as of 10/22)

http://www.cbi.iq/

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In the end, we will remember not the words of our enemies, but the silence of our friends. – Martin Luther King Jr.

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*** Current Posts ***

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Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Friday evening at 7:30pm EST!!

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tman23 – In the past years they spoke of lifting the 3 zeros and it was DELAYED…needed studied by a committee…We probably couldn’t count on 2 hands how many committees kept being formed to study the 3 zeros.  Then they announced delaying from the start of the New Year to June…AND Shabibi said; THE APPROPRIATE TIME TO LIFT THE 3 ZEROS IS AT THE START OF THE FINANCIAL YEAR AND NOT IN THE MIDDLE OF A QUARTER OR THE MIDDLE OF THE YEAR!   This new salary ladder is a good sign. The delay of the investment law is a good sign. The 2016 Budget being completed before the start of 2016 is a very good sign. And citizens not being paid and liquidity being drawn in off the streets is a good sign.  IMO…Honestly, it doesn’t get any better than this as a pre-revaluation phase that sets up the revaluation.  [post 2 of 2]
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Millionday – Article quote:   “special election Economic and Social Council took place in the United Nations General Assembly in Enyoryuk where Iraq won 179 votes out of 187 votes in favor, with one country, so Iraq’s record return mission in international forums”  …MEANS…BACK TO THE GLOBE.  IRAQ IS NOW AN ACTIVE MEMBER OF THIS UN ORGANIZATION… ECOSOC.  THE BEST WORDS IN ONE SENTENCE I HAVE SEEN IN A VERY LONG TIME >>>FROM GLOBAL COMMITMENT TO NATIONAL IMPLEMENTATION.  THIS…IS HUGE NEWS AND…WHY I AM SO VERY EXCITED.
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tman23 – This whole salary ladder is being talked about moving to Federal Court and challenged. Such a lawsuit brought forth will stymie all other political reforms… And Abadi will lose credibility… IMO, the BEST thing we have seen is this new salary ladder…The World Bank and IMF had comments in the past that the GOI needed to adjust the grossly over paid salaries…Now President Massoum will make 8 million IQD per month 8 times $862 = $6,896 a month or $82,752 a year. That is not going to work, keeping in mind he is one of the highest paid.  Drop the zeros and give the IQD a rate of $2.66 per dinar and the salary becomes $220,120.00 per year…which is the equiv to international standards…when you take all the salaries on the ladder it works out to what their in country pricing index is.  So the question is…HOW LONG BEFORE THE ARE TOLD…AND IMO…The 3 zeros need to be raised with the “back wall” being the start of the new year.  [post 1 of 2….stay tuned]
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Adam Montana (Dinar Guru) – Keep an eye on that HCL news… when it slows down this time, I think that’s when we’re on the home stretch.
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tman23 – Aside from the new salary ladder and the confusion where political blocs are calling it illegal and not with in Abadi’s powers… Iraq is holding talks with Findland and Europe on deporting migrating Iraqi’s back to Iraq…Most of the young and scientific (educated) are the ones who have fled the country.  Now why would Iraq even begin to speak about them returning when they have nothing to offer them? There has to be a massive change coming…The talk of bringing back citizens you can’t support, the new salary cuts that has the country confused and mad as h*ll.  This can not go on for 6 months.  Quite frankly I don’t believe they can make it 90 days with out a rate change that explains the reasons for what appears to be insanity to the citizens.
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Kaperoni (Dinar Guru) – Article quote:  “…confirmed the International Monetary Fund, on Wednesday, that Iraq could give a large loan in 2016 to help him achieve financial stability…”  Well the good news is any IMF loan comes with a SBA (stand by agreement) and they do what they are told if they want that money.
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Aggiedad77 (Dinar Guru) – Article:  “International Monetary Fund: Baghdad is not currently in danger of running out of cash”  The IMF is admitting they may well provide Iraq with a “large loan” in 2016 in order to achieve financial stability…they are recognizing the external issues that Iraq is facing, the war against DAASH and the falling oil prices that have both devastated their countries economy…what they are seeking from Iraq is the development of a clear and comprehensive set of reforms that apply to their finances…the IMF has agreed they may help in this process as well
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wmawhite (Dinar Guru) – Article:  “Deputy: the importance of the investment law lies in its implementation mechanism”  Quote:   “the Iraqi investment law is important and needs to the mechanism of implementation…”  Implementation Mechanism?  NICE!  Activate the private sector, implement economic reform, etc…all require the same thing…the ability to conduct commerce outside the boarders of Iraq.  Iraq’s private sector, that so many are ready to activate, can not survive unless they will be able to conduct international commerce… because they will need to import 90% of their goods. IMO, we are seeing the administrative and procedural processes that the CBI said would take place prior to the completion of the “Project”.
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Adam Montana (Dinar Guru) – [Do you believe that the 2016 budget is in the books?…and if so is the HCL embedded in it?]  I believe this next budget will be the easiest one ever. “In the books“?  Not quite, but close enough.
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tman23 – In the past years they spoke of lifting the 3 zeros and it was DELAYED……needed studied by a committee…….We probably couldn’t count on 2 hands how many committes kept being formed to study the 3 zeros………. Then they announced delaying from the start of the New Year to June…… Does anyone recall this ???  AND Shabibi said;  THE APPROPRIATE TIME TO LIFT THE 3 ZEROS IS AT THE START OF THE FINANCIAL YEAR AND NOT IN THE MIDDLE OF A QUARTER OR THE MIDDLE OF THE YEAR !!!  …….  This new salary ladder is a good sign…… The delay of the investment law is a good sign…… The 2016 Budget being completed before the start of 2016 is a very good sign…….. And citizens not being paid and liquidity being drawn in off the streets is a good sign……..  IMO……Honestly, it doesn’t get any better than this as a pre-revaluation phase that sets up the revaluation….
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Millionday (Dinar Guru) – Article quote:  “necessity of activating the themes contained in the government program through the development of policies and mechanisms for implementation and applied to the development of economic sectors trends that achieve what is stated in these themes in the detailed aspects and determine the timeframe for their implementation.”  …THE NEWS IS AMAZING…I AM SO EXCITED.  FORMATION BEING DONE FOR NATIONAL OIL COMPANY DUE TO LONG AWAITED HCL AND FORMATION OF THE ECONOMIC COUNCIL FOR THE FINANCIAL POLICIES — MONETARY REFORM INTERNATIONAL BANKING AND ECONOMIC DEVELOPMENT — WITH CALL FOR A STRICT VERY RUSHED DATE TO BE GIVEN SO THEY CAN MOVE FORWARD AS OTHER COUNTRIES. THEY HAVE TO ACTIVATE THE GROUP OF EXPERTS TO MONITOR MONEY DEVELOPMENT AND GIVE AN EXACT DATE.  TIME TO RELEASE INTERNATIONAL EQUATION AND GLOBAL PRICES IMO.  …IMO WE ARE VERY CLOSE…THE IMPORTANCE TO MOVE FORWARD — IMO — NEED VALUES FIRST THING.
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tman23 – This whole salary ladder is being talked about moving to Federal Court and challenged. Such a lawsuit brought forth will stymie all other political reforms…… And Abadi will lose credibility……..  IMO, the BEST thing we have seen is this new salary ladder…..The World Bank and IMF had comments in the past that the GOI needed to adjust the grossly over paid salaries…….Now President Massoum will make 8 million IQD per month 8 times $862 = $6,896 a month or $82,752 a year.  That is not going to work, keeping in mind he is one of the highest paid…… Drop the zeros and give the IQD a rate of $2.66 per dinar and the salary becomes $220,120.00 per year……which is the equiv to international standards…..when you take all the salaries on the ladder it works out to what their in country pricing index is……. So the question is….HOW LONG BEFORE THE ARE TOLD………AND IMO…..The 3 zeros need to be raised with the “back wall” being the start of the new year…….
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Aggiedad77 (Dinar Guru) – Article:  “Conscious / parliamentary Economy: Investment Law will happen quantum leap in Iraq’s revenues”  What an interesting choice of words here…”quantum leap” in revenues for Iraq…why…due to the Investment Law and the amendments that are currently being worked on in Parliament…get these amendments wrapped up and on the books and the investors are sure to follow…and along with them…will come bank accounts that are full of money that is drooling to be of assistance to Iraq and the many projects that have been put on hold for a significant time now…these amendments will be eliminating a great deal of red tape and a large potential of corruption from the past…this is a very good improvement for investors looking at Iraq.
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Frank26 (Dinar Guru) – I call it a LAVA FLOW for a very good reason.  Have been SHARING that the last 3 weeks to be…S …L…O…W.   But may I suggest that after next MONDAY…THE LAVA FLOW WILL BECOME LESS VISCOUS…It will run at a much Quickened Pace!  In fact may I suggest that the viscosity lessens starting today…Yellow Light.  Iraq will be off the USD by 1/1/16.  AND…Last night the Integrity Commission announced Tuesday the arrest against others of the current Ministry of Commerce a number of Director’s Generals of The Ministry.
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wmawhite (Dinar Guru) – the Investment Law is about “investments”…the change in the value of the IQD is totally related to the exchange rate of the IQD relative to other currencies. Such as: IQD to GBP, or IQD to EUR, etc.  All of these laws are need for the future because that is when these investors will arrive. RI/RV is for the present …Laws are the future.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Tuesday 10/20

Smart phone user link – Click here

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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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