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…

1 Corinthians 10:31 (NKJV)

31 Therefore, whether you eat or drink, or whatever you do, do all to the glory of God.

Heavenly Father, we Praise You! We pray that today whatever we do, we give You all the Glory! 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 – 10.28.2015

http://www.cbi.iq/

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What we obtain too cheap, we esteem too lightly; it is dearness only that gives everything its value. – Thomas Paine

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*** Current Posts ***

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Dinar Updates ‏@DinarUpdates

The parliamentary economy suggests a new currency to address the economic crisis

http://www.dinarupdates.com/blog/

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rcookie – “the law reassured investors through the possibility of resorting to international arbitration between the investor and the government,” noting that “the law introduced sophisticated provisions encourage investment in the country.” INTERNATIONAL ARBITRATION! FOREIGN INVESTMENT NOT POSSIBLE WITHOUT! THAT IS MANDATORY!
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Kaperoni – Many areas in Iraq are somewhat safe and the passing of the Investment Law will help them. Iraq has 18 provinces including the Kurdistan region with only a few at risk of ISIL.
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Millionday – Press statement: “…the government’s search for support of the country’s economy and dependence on non-oil imports, such as investment and collection real alternatives as do the developed and developing countries of the world.” THE INVESTMENT LAW PASSED TODAY AND HE IS SAYING THAT THIS WILL ALLOW THEM TO DEPEND ON NON-OIL IMPORTS AS IN INVESTMENTS AND OTHER ALTERNATIVES AS OTHER COUNTRIES IN THE GLOBE DO. SO THE LAW IS HUGE OF COURSE…IN FACT — ITS PRINTED…PUBLISHED. [in the gazette?] YES ACCORDING TO WHAT I HAVE READ. I WOULD SAY THIS WAS VERY FAST…
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DinarUpdates.com News Time Chat 10-27-15 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: I HAVE NOT SEEN 2016 BEING THE TIMELINE OF ACTIVATION — IN FACT INDUSTRY IS BEING ACTIVATED /LICENSED ACCORDING TO NEWS TODAY — LOTS GOING ON

Millionday: IRAQ HAS ASKED BP TO RAISE THEIR RATE OF WORK IN IRAQ — THIS IS BIG DUE TO CHINA AND BP SIGNED AGREEMENT IN SOUTH FIELDS

msdiva: Basically they can do this at anytime no date required

Millionday: THE DATE IS NOT RELEASED BUT IMO — AND BY MUCH IN THE REPORTS — ANYTIME —

Millionday: THIS IS PARLIAMENT AND TODAY WITH PLANS VERY IMPORTANT

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Read More: http://www.dinarupdates.com/showthread.php?23327-Millionday-News-10-27-15
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SteveI (Dinar Guru) – 2016 budget will pass quickly. [JMO, but think funding for investment projects are anticipated coming from outside investors along with the growth of their local businesses. Which is why today’s vote to amend the investment law was so critical.] This was very critical to get accomplished. Finally the home stretch is here!
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rcookie & wmawhite – HERE IS SOMETHNG THAT WILL FLY UNDER RADAR WITH ALL THE OTHER GREAT NEWS TODAY…COUNCIL MEMBERS RETURNING THROUGHOUT ANBAR PROVINCE TO HOLD 1ST SESSIONS! ANBAR PROVINCE! Could it be that ISIS is losing it’s grip and the Sunni tribes? Great news.
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Enorrste (Dinar Guru) – They obviously had put enough pressure in the right places to see that this important law got through the Parliament. Finally, this is a huge feather in Abadi’s cap, in my view. The longer term repercussions will be that he will be seen as the man who opened the door to genuine economic growth in Iraq. Along with that will come a greater push from him for more reforms, in my view. He will ride this wave as far as it will take him, which may mean all the way to getting Maliki arrested on corruption charges, along with all of his cronies. [post 2 of 2]
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Folks – The DU Chat Room is back up and running!! Thanks – BGG

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Enorrste (Dinar Guru) – Article quote: “the parliament voted unanimously on the Second Amendment to the Iraqi Investment Law No. 13 of 2006.” I was particularly impressed that the Law passed with 100% of parliament in favor of it. This probably means that the not so veiled threat from the IMF that they needed to get this done during the month of October fell on open ears. Imagine ANYTHING getting 100% of the vote in Iraq’s Parliament! Now we can see why the IMF felt comfortable, in spite of the terrible security and financial situation in Iraq, to state unequivocally that Iraq would “enter the world market” by the beginning of 2016. [post 1 of 2….stay tuned]
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rcookie – INVESTMENT LAW & NATIONAL CARD LAW…JUST LIKE THEY SAID THEY WOULD! NO TABLING & SHELVING…THE INVESTMENT LAW IS ALREADY A LAW! THEY HAVE MADE REVISIONS AND AMENDED…THEY VOTED ON THE 2ND AMENDMENT TODAY. JABOURI ANNOUNCED REPLACING HEADS OF PARLIAMENTARY COMMISSIONS! SO MUCH INCREDIBLE NEWS TODAY!
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Millionday – IT IS THE LAW (INVESTMENT) THAT LAYS OUT ALL THE REGULATIONS FOR THE MANY TRADE AGREEMENTS IN IRAQ AND INTERNATIONALLY — IT HAD TO BE IN PLACE FOR IRAQ TO DIVERSIFY AND ALSO IMPORT/EXPORT — IT IS THE CAR TO DRIVE THEIR ECONOMY TO WHERE IT SHOULD BE. SO MANY AGREEMENTS NEED ACTIVATED — AND DUE TO INVESTMENT LAW BEING LAW — WE SHOULD SEE FAST PROGRESS.
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Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Wednesday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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Mailman17 (Dinar Guru) – CONTROL OF CORRUPTION WAS ALSO A MUST AND THEY HAVE REGAINED THAT CONTROL AS WELL. NOW WE WAIT. BUDGET LOOKS LIKE ITS A NO BRAINER AND SALARIES WILL BE ADJUSTED TO THE NEW RATE. IRAQ IS IN THE FINAL STAGES OF DOTTING THE I’S AND CROSSING THE T’S. AND AS FAR AS THE BONDS ARE CONCERNED THEY WILL ALSO MAKE NEWS BUT NOT AT THE CURRENT RATE. WHO’S TO SAY THEY WONT BE BOUGHT UP INTERNALLY USING DINAR WITH PAYOUT IN DOLLARS…SURE WOULD CLEAN OUT WHAT DINAR IS LEFT, NOT ONLY IN PEOPLES HANDS BUT BANKS AND COMPANIES ALIKE. JUST A THEORY. AND REMEMBER TO THINK TWICE ABOUT THE CRxP NEWS MEDIA PUTS OUT…JMO. [post 2 of 2]
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Mailman17 (Dinar Guru) – IRAQ CANNOT COME OUT LOW WITH SMALL DENOMS WAITING. THEY WILL NO WAY COME OUT AT A DIME AND MOVE UP, IF THEY DID THEY WOULD THEN HAVE TO INTRODUCE ONE NOTE AT A TIME TILL IT HIT A DOLLAR. NEVER IN HISTORY HAS A COUNTRY DID THAT…EVER…IT CLEARLY WOULD CONFUSE EVERY IRAQI NOT TO MENTION THE MARKET. IRAQ WAS PEGGED TO COME OUT ON PAR. NOW IF THEY WANNA FLOAT FROM THERE OR AT LEAST A MANAGED FLOAT OR MARKET DRIVEN….FINE. IMO..THEY WILL START NO LESS THAN A 1-1. AND JUST CAUSE ISIS WAS THERE, AND I SAY WAS…THEY ARE NOT THE MAIN REASON THE ME STALLED…SURE THEY WERE A PAIN…BUT REFORMS AND LAWS NEEDED TO BE PASSED…THEY ARE ALMOST DONE IN THAT CATEGORY. [post 1of 2….stay tuned]
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DinarUpdates.com News Time Chat 10-27-15 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: MP what Zen Mezni stressed that the investment law, which passed today is one of the country’s imports and development tools.
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Said Mezni in a press statement singled out by the agency all of Iraq [where], that “the government’s search for support of the country’s economy and dependence on non-oil imports, such as investment and collection real alternatives as do the developed and developing countries of the world.”

Millionday: NOTE — THE INVESTMENT LAW PASSED TODAY AND HE IS SAYING THAT THIS WILL ALLOW THEM TO DEPEND ON NON-OIL IMPORTS AS IN INVESTMENTS AND OTHER ALTERNATIVES AS OTHER COUNTRIES IN THE GLOBE DO

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Read More: http://www.dinarupdates.com/showthread.php?23327-Millionday-News-10-27-15
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Stryker (Dinar Guru) – Investment Law Passes Brings Revaluation Closer.
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Revbo (Dinar Guru) – Article quote: “the parliament voted unanimously on the Second Amendment to the Iraqi Investment Law No. 13 of 2006.” This may be the biggest day in Iraq since the war. Certainly since Chapter 7. Now, large investors can come in, secure in their investments, and can build Iraq where the government has failed. It’s not the government’s fault. It’s just the nature of government that it can’t build an economy. Only the private sector can accomplish that, and things are about to change in a huge way. Large investment will put large upward pressure on the dinar, as well. …Iraq will now become a dollar sponge, sucking investments, in dollars, from around the world, driving the value of the dinar up in the process as Iraq, itself, becomes more valuable. They’re letting foreign investors own land, too, which is a big deal. If I’m an investor with millions/billions to put into a project, it would be very reassuring to know I not only own my facilities, but I also own the ground on which they are built.
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tlm724 (Dinar Guru) – Article: “Law Second Amendment to the Investment Law No. 13 of 2006 27 October 0.2015” Great news for Iraq and for us! They finally amended and passed the Investment Law! Several things jump out at me in this law. First is that it encompasses both foreign and domestic investors as it should. Secondly is that this law is giving great authority to the National Authority for Investment to develop and sustain investment in the country.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Tuesday 10/27

Smart phone user link – Click here

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rcookie – Article quote: “The House of Representatives voted on Tuesday unanimously approved the second amendment to the Iraqi Investment Law No. 13 of 2006.” Heres that pesky “shelved & tabled” Investment Law voted on just like they said they were going to do…
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Kaperoni (Dinar Guru) – Article quote: “House hold, Tuesday, led by its 32 Saleem al-Jubouri and the presence of 230 deputies. And held parliament its 32 legislative year Althanihalvsal first legislative agenda of includes a vote on the draft second amendment bill to the Investment Law No. 13 of 2006 (Committee on Economy and Investment, the Finance Committee).” Looks like it passed. Will get confirmation…from parliament as soon as posted. But great news!
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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 – see first post in this Thread: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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