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 13:6 (NLT)

6 It does not rejoice about injustice but rejoices whenever the truth wins out.

Heavenly Father, Thank You that You are Love! Thank You, that You are Faithful and True! We rejoice in Truth! 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 – 10.30.2015

http://www.cbi.iq/

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By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.
~ Confucius

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*** Current Posts ***

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wmawhite (Dinar Guru) – “…Iraq’s Minister of Finance Hoshiyar Zebari told the Reuters news agency on Wednesday that restarting the oil-sharing agreement between Baghdad and Erbil was vital for the 2016 national budget, expressing hope that a delegation from the Kurdistan Regional Government (KRG) would help reach an agreement.”   WOW…reinstate the oil-sharing…reinstated again and both sides implement…This tells me that the HCL has all along be in place…just not implemented.
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Aggiedad77 (Dinar Guru) – Article quote:  “Former Iraqi Prime Minister Nuri al-Maliki said that he was still vice president, pointed out that the three deputies resorted to the judiciary against Abadi decision to cancel their posts...”    Interesting news on Maliki…so as with a snake…Maliki has no leg to stand upon…the reforms have been announced, they have been agreed upon by Parliament, and President Masum has given a head nod…Maliki is doing that final dance a snake does when you cut off the head…the squirming and twisting like it is trying to get out of it’s own body.  PM Abadi comes on strong at the same time as Maliki is throwing his temper tantrum, stating the reforms, they are in place and moving forward…meanwhile the Sunni’s appear to be restless with Abadi and his reforms at this time…time marches on.
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Frank26 (Dinar Guru) – …the Pentagon is now officially talking about troops in Iraq…timing…  the US budget that hasn’t been balanced in a long time is about to explode…  IMO…you will now see President O go to the Middle East…timing…just my opinion.  Jack Lew was in charge at that time with what happened in Kuwait. Lew spent nearly a year in Iraq with the CBI and Dr. Shabibi…he said here are the mistakes we made before with the currency…please don’t make these same mistakes again.  IMO…it will come out at 1:1…then free float up to the $4.20 range within a year.
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Parliament proposing the introduction of new [value?] currency to deal with economic crisis

http://www.dinarupdates.com/blog/ 

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Adam Montana (Dinar Guru) – [Concerning Iraqi bond offering.  If I understand correctly, Iraq has removed this offering because of lack of interest from the international community.  If there is a lack of interest for bonds, how can IQD new value will be sustained?]  Did Iraq drop the bond offering due to lack of interest? Or did they never plan on fulfilling it, but wanted to see if there was interest? MY sources feel that there was plenty of interest, but in fact they never intended to sell. They were just testing the waters. Whether that is the case or not remains to be seen… and I think we will know the answer after the HCL and RV is announced, because that’s when Iraq will show their cards.
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Millionday – I THINK THEY ARE FURTHER ALONG THAN THEY HAVE REPORTED AS WE THOUGHT — SUNDAY THEY MET AND APPROVED REFORMS AND TUESDAY MET AND APPROVED IMPORTANT LAWS — MALIKI LOST POWER A YEAR AGO — AND THEY ARE HOOKED TO WTO DATA SYSTEM AFTER RECENT WORK SHOP ON TARIFF — TO MAKE ENTRY FOR FOREIGN INVESTORS EASY — WHOOOPOW.
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wmawhite (Dinar Guru) – …what is the CBI telling the world when it is in the process of using its gold reserves to purchase its currency from the citizens of Iraq?   …the CBI owns the IQD…why would they want to buy it back?   …unless they have plans to do what?  A person buys an under valued stock NOT if he/she believes it will go down in value…instead, you buy it believing it will go up in value.  The difference here is that the CBI is the issuer of the stock…the IQD…they CONTROL its value and here they are wanting it back.  IMO, we are watching the end of the process to reduce the note count…using gold is the one tactic that will get the rest of it in.
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rcookie – Article quote:  “Zamili called on former Prime Minister Nuri al-Maliki to “give himself up to the judiciary to show Are innocent or guilty,” returned Mosul report “as significant and should not leave it.”   ROCK THE CASBAH! MALIKI IS TOAST! JUST TIMING.  ZAMILI CALLING FOR MALIKI TO GIVE HIMSELF UP TO THE JUDICIARY!  175 PAGE FALL OF MOSUL REPORT OF DOCUMENTS, TESTIMONY & PHOTOGRAPHS AND EVIDENCE THAT CANNOT BE “GLOSSED” OR IGNORED…ALREADY IN HANDS OF INTEGRITY…JUDICIAL COUNCIL..AND MULTIPLE COURTS.  BYE BYE NOURI!
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Kaperoni (Dinar Guru) – It has been clearly stated by the IMF the plan. …that is what currencies do…they float. Most currencies in the world float, with their value determined by supply and demand. Salaries, wages and cost of goods are usually not adjusted daily, but adjusted monthly making for very realistic and seamless growth that is reflected by the strengthening of the dinar and reduced cost of goods.   What is unrealistic is to think about a RV or some other overnight event. With well over 30 trillion dinar it is physically impossible for Iraq to revalue the dinar.  [post 2 of 2]
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Shredd (Dinar Guru) – Article quote:  “Abadi continued that “the current currency includes forged categories but simple numbers will not pose a threat.”   This is the golden nugget folks.  “Simple numbers” refers to lower denominations which cannot be released without a rate at or above 1 to 1.  If the CBI agrees to this timing, we can expect a par rate by the first of next year. Time will tell!
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Kaperoni (Dinar Guru) – Article quote:  “Confirmed member of the House of Representatives Abdul-Salam al-Maliki that the plans laid down by the state in connection with the processors need more than being a cash transaction process…”   It is clear, that despite what many think, the dinar does not rise or appreciate overnight (prosthesis solutions). Their is no overnight flip of a switch or event.  IMO, he is clearly stating that the goal is the raise the value, and issue a new currency, but it takes time as they must put the processes and measures in place to create the environment to do so. That means passing laws, stabilizing the dinar, creating the environment for investors, etc.  In other words, the dinar will appreciate based on sound financial and economic principles.  The end result will be good and worth waiting for.  [post 1 of 2….stay tuned]
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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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