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…
Ephesians 2:8-9 (NKJV)
8 For by grace you have been saved through faith, and that not of yourselves; it is the gift of God, 9 not of works, lest anyone should boast.
Heavenly Father, we praise Your Holy Name! Thank You for the gift of Grace through faith 🙂 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 | 1323.876 | 1323.214 |
| British pound | GBP | 1801.703 | 1800.802 |
| Canadian dollar | CAD | 888.991 | 888.546 |
| Swiss franc | CHF | 1216.992 | 1216.383 |
| Swedish krona | SEK | 140.438 | 140.368 |
| Norwegian krone | NOK | 142.929 | 142.857 |
| Danish krone | DKK | 177.473 | 177.385 |
| Japanese yen | JPY | 9.725 | 9.720 |
| Special Drawing Rights |
SDR | 1647.360 | 1646.536 |
Indicative rates – 10.24.2015 (no change as of 10/22)
http://www.cbi.iq/
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“Tolerance and apathy are the last virtues of a dying society,” – Voltaire
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*** Current Posts ***
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Frank26 (Dinar Guru) – MR [Monetary Reform] into 2016 with RI/RV before the end of the year. Their MR pace will be the fastest in IMF history…IMO.
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Mnt Goat (Dinar Guru) – …Iraq is resolving their corruption and terrorist issues, but this is the stage Iraq is in right now. It has taken some time but it is sure progress. Maliki and his goons and the Iranian influence must be out of politics completely and safely neutralized or no RV…the USA and UN’s process not mine. This stance has not changed a bit. Iraq must have their National Unification (or Reconciliation) Conference before any RV. It is not even scheduled until late December early Jan. Banking and Investment strategies must be deployed or NO RV. Includes the Investment law and the new banking practices. All eyes are watching for the Investment law to be passed in parliament this coming week. Can we expect to see an RV soon? No! I can tell you with all my heart and soul there will be NO RV until at least December or early January 2016…this is only a possible time frame that seems to me and others could be feasible.
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EXOGEN (Dinar Guru) – ON APRIL 30TH 2015 WE TOLD THE WORLD THAT NOTHING WAS HAPPENING WITH THE RV OR THE RI AND DO NOT LOOK FOR ANY ACTIVITY OR PROGRESS UNTIL MID OCTOBER AND THERE WAS A WINDOW THAT WOULD BE OPENING DURING THAT TIME IF SOME EVENTS TOOK PLACE… UNFORTUNATELY THAT OCTOBER WINDOW IS ABOUT TO CLOSE! NEXT WEEK SHOULD BE INTERESTING WITH THE IRAQ BUDGET…WE CONTINUE TO WAIT FOR “FULL SANTA”
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tman23 – The governments supporting this will never allow this value of money to be floating around for long……….It requires a short exchange window time period……. WE know they are eliminating corruption and accounting in the trillions with adding 3 zeros makes it easier ……….. They are going to lift the 3 zeros and need to do so before/start of 2016……… And by the salary ladder they have announced…….it works to values around $2.66 per dinar……… That being said: In what world does 10 cents or 56 cents work on new currency without 3 zeros…….. The hype about what the IMF says is being read through IQD speculator goggles……the IMF will never give a hint to more value coming to currency……AND it appears that even political groups in Iraq don’t have a clue as they demonstrate over the new salary ladder…
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SteveI (Dinar Guru) – I think all of the news is extremely positive and our sources are also echoing the very same things. It will not be long now. Hang in there please.
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Video .. Al Jazeera: Nuri al-Maliki assassinated Iraqi scientists in favor of Israel and Iran
(Voice of Iraq) – Baghdad – Published Al-Jazeera, on Thursday evening, in the black-box program, episode documentary survey entitled «Nuri al-Maliki ..
…He noted the film that most of those documents related to the security aspect, as you talk about serious violations of security and abuses occurred on his watch, noting that including secret prisons, torture and murder of identity, and extrajudicial executions, enforced disappearances, which were classified crimes against humanity against the Iraqi people.
…She document display program to al-Maliki role in the formation and management of death squads and torture under his direct supervision, as well as create a private detention centers, follow the Prime Minister’s Office directly, away from the Ministry of Justice in charge of prison management.
The leaked documents dealt with a clear role in regulating entry to the Islamic State of Iraq, despite warnings preceded by the arrival, confirm the movements come from Syria to Iraq.
The secret document also referred to the issue of the parliamentary commission of inquiry report containing a high recommendation to refer to al-Maliki, the Iraqi judiciary, as the extradition of the accused President Mosul to organize the Islamic State, in June 2014…
Read More: http://www.dinarupdates.com/showthread.php?23194-Video-Jazeera-Nuri-al-Maliki-assassinated-Iraqi-scientists-in-favor-of-Israel-amp-Iran
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rcookie – [can anyone tell me what happened regarding the vote on the investment law?] LOOKS LIKE NEXT WEEK TO TAKE CARE OF THE 3 MINOR ADJUSTENTS THAT DEAL WITH AUSTERITY...(NUMBER OF MEMBERS OF 2 COMITTEES) AND LAND TITLE AGREEMENT FOR FOREIGN COMPANIES DOING BUSINESS IN IRAQ (LAND OWNERSHIP).
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wmawhite (Dinar Guru) – …you need to understand the difference between apples and oranges…the difference between Iraq and China/Vietnam. China/Vietnam want its currencies to be under valued because they export everything to the world…if their currency is cheap, their exports are cheap and we buy them. Iraq imports 90+% of all their goods…their under valued currency is killing them…it causes their goods to costs more to import. Iraq wants/needs to increase the value of the IQD…they have even told us that. …stop comparing China’s currency, Vietnam’s currency to the IQD…they are two different ball games.
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Enorrste (Dinar Guru) – ..this announcement came from the Parliamentary Committee on the Economy…the Parliamentary Committee is openly acknowledging that the system as is has existed throughout the Maliki regime was actually designed to stifle investment rather than encourage it. Not only were there no guarantees for the investor, but in addition to that, “most of its projects stalled and lagging behind due to a large corruption in all departments, provincial councils and the center,” What the committee is admitting is that the corruption went all the way to “the center” which means Maliki. In my opinion this is big, because it means that finally some people in positions of authority are speaking out directly against Maliki’s mishandling and outright corruptions of the funds.
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Judge Medhat al-Mahmoud receives representative of the Secretary General of the United Nations in Iraq
(Voice of Iraq) – Baghdad – Judge Medhat al-Mahmoud head of the Supreme Judicial Council, received in his office at the headquarters of the federal judiciary on Thursday (10/22/2015) Mr. Jan Kubis the Special Representative of the Secretary-General of the United Nations in Iraq.
The two sides discussed about supporting the rule and law enforcement, and promotion of human rights concepts, and maintain communication and cooperation between the federal judicial power of the United Nations and the Organization in the public interest.
BGG ~ This should have been an interesting meeting… and curious the UN is making a point of meeting with him…
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wmawhite (Dinar Guru) – we think that the change in value of the IQD is the only important item on Iraq’s plate…sadly, it is only one of many. All of the pieces we know about are dependent upon each other…including the IQD. thankfully, the process has speedup…and is coming soon.
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Aggiedad77 (Dinar Guru) – Article quote: “Al Jazeera, secrets exposed for the first time about the history of the former Iraqi Prime Minister Nuri al-Maliki, who is still acting like the leader of the country, although he had lost all official his political posts...” This is a massive report…and it speaks volumes I think in the direction of Maliki’s true loss of power over the past couple of months…before August I suspect such a report would not have been dared sent to the press and released. Indeed…they count his days…and I do believe the number to be rather short…each day he opens his eyes he finds more and more of the deck of cards stacked against him…the clock she ticks.
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Enorrste (Dinar Guru) – The phrase “entering the market” means allowing their currency to become internationally recognized. We know that because it comes from the world’s biggest money controller, the IMF. In other words, for the IMF the phrase is extremely powerful. It is synonymous with the phrase “become a world player.” Only a country in Article 8 with an internationally recognized currency can “enter the market” in IMF terms.Of course it may take some time for the actual movement to Article 8. That is not our concern. What is our concern is that they begin the float, and the passing of the Investment Law, as KAP and I have said numerous times, is an essential element in making that possible. Even more importantly for us, however, is that passing that law will go a long way toward allowing the CBI to begin the float. Once the money starts coming to Iraq the CBI will leap on the opportunity to continue the execution of The Plan. [post 3 of 3]
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DinarUpdates.com News Time Chat 10-23-15 PM
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: HELLO EVERYONE
Millionday: WE DIDN’T HAVE NEWSTIME TONIGHT BECAUSE I WAS INTERNET-ALLY STRANDED IF THAT’S A WORD
Millionday: I DON’T KNOW HOW WE WILL JUST WALK AWAY IN THE FUTURE — I FELT AS THOUGH MY FAMILY WAS LOCKED OUT
puffdragon: Got a wake this site up with something really special millionday !
Millionday: PUFF — DID YOU SEE THE VOTE FOR IRAQ FROM LAST NIGHT?
puffdragon: No I did not MD can you show me ?
Millionday: PUFF YES
Millionday: I HAVE MORE ABOUT IT FOR US TOO
Millionday: OCT 21ST,2015 RESULTS >>>Members of ECOSOC must be elected by a two-thirds majority. In the event of a tie, the Assembly would proceed to second round of voting restricted to candidates with equal number of votes. However, in this instance, voting was completed in a single round, as the General Assembly approved the candidates endorsed by the regional groups. Afghanistan, Algeria, Australia, Belgium, Chile, the Czech Republic, Guyana, Italy, Iraq, Lebanon, Moldova, Nigeria, Peru, Rwanda, Somalia, South Africa, the United States, and Vietnam were elected to serve on ECOSOC for the 2016-2018 term
Millionday: WHOOPOW
Millionday: NOW LET ME SHOW YOU WHAT THIS IS — IT BEGAN IN 1945
Millionday: SMILE
Millionday: According to the General Assembly’s rules of procedure, member states are eligible for immediate re-election to ECOSOC following the expiration of their term. During today’s session, Australia, Italy, South Africa, and the United States were re-elected as members of the Council. Notably, the United States has served longer on the Council than any other member, having first been elected in 1945. In addition to these changes, Ireland will replace Austria on the Council at the end of 2015 as part of an internal agreement within the Western European and Others Group. In recent years, WEOG members have occasionally agreed to divide ECOSOC terms between two member states.
Millionday: WHAT IS IT ?>>The Security Council is one of the six principal organs of the United Nations. According to Chapters 5-7 of the UN Charter the Council bears primary responsibility for the “maintenance of international peace and security.”The Security Council is made up of only fifteen members, making it the smallest of the principal organs. This group of fifteen includes five non-elected, permanent members (China, France, Russia, the United Kingdom, and the United States), leaving only ten countries as the elected portion. By contrast, the General Assembly includes all 192 member states and ECOSOC has 54 elected members.
Millionday: NOTE — IRAQ IS ONE OF THE ELECTED COUNTRIES FOR 2016
~~~
Read More: http://www.dinarupdates.com/showthread.php?23211-Millionday-late-newstime-10-23-15
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Enorrste – Furthermore, foreign investment will inject new money into the local economies, which means that the CBI will be enabled, finally to float the currency. As new money comes into the economy the only way to avoid inflation (too much money chasing the same amount of goods) will be to raise the value of the dinar to offset those affects. By reducing the amount of dinar currency in the market the REAL value of the dinar will rise, meaning that the same dinar will buy MORE goods, thus reducing the upward pressure on prices themselves. I was also pleased to see that the IMF is chiming in on this today, stating that early next year will see Iraq “entering the market.” This means that they expect this process to take place and that the float will begin early next year. The phrase “entering the market” means allowing their currency to become internationally recognized. [post 2 of 3….stay tuned]
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Enorrste (Dinar Guru) – Article: “Parliamentary Economy: Investment Law will happen quantum leap in Iraq’s revenues” The very fact that this announcement came from the Parliamentary Committee on the Economy means that this will happen. I find that what the Parliamentary Committee is saying echoes exactly what KAP and I have said for some time now, namely that once the Investment Law is passed investment will flow into Iraq and literally create a “quantum leap” for the economy. The term I have often used is that it will be like the “wild west” was in the US at the end of the 19th century…foreign investment will mean that the financial crisis will be ameliorated significantly and will allow the government to return to “normal” in terms of salaries, projects, etc. [post 1 of 3….stay tuned]
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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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