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 13:7 (NKJV)

7 bears all things, believes all things, hopes all things, endures all things.

Heavenly Father, Thank You that You are Love! Thank You that Your Love bears all things, believes all things, and hopes all things! In Jesus Name, Amen.

Mrs BGG

______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

Indicative rates – 10.31.2015

http://www.cbi.iq/

______________________________________________________________

Many receive advice, only the wise profit from it. – Publilius Syrus

______________________________________________________________

*** Current Posts ***

______________________________________________________________

rcookie – [with all the news that they are ready to get this done, do you see anyway they will wait till next year to do this?]  I REALLY DONT THINK SO…THEY ARE REVEALING THEIR PLANS FOR THE PRIVATE SECTOR…SINGLE WINDOW LAUNCH EVERY DAY…AND HAVE LINES OF COUNTRIES WAITING TO DO BUSINESS WITH THEM.  [what does single window mean?] The main value proposition for having a single window for a country or economy is to increase the efficiency through time and cost savings for traders in their dealings with government authorities for obtaining the relevant clearance and permit(s) for moving cargoes across national or economic borders.
______________________________________________________________

Backdoc (Dinar Guru) – ITS TIME FOR THIS LONG TRAIN RUNNIN TO COME INTO THE STATION SOON! WITH LAWS DONE OR SITTING IN THE WAITING ROOM READY TO BE ACTIVATED COMPLETELY WE SEE CONTINUED MOVEMENT ON CURRENCY PREPARATION!  NOVEMBER SHOULD PROVE QUITE INTERESTING! WE WON’T BE WAITING IN OUR MONETARY REFORM WAITING ROOM MUCH LONGER! THE BIRTH SIGNS OF THE NEW REALITY ARE ALL OVER US!
______________________________________________________________

Mnt Goat (Dinar Guru) – No prospects for an RV…in the coming month of November. Sorry Folks! Later December and possibly early Jauary has prospects…  There is a target and a plan I can assure you of this. They are moving at lighting speed to get there.  They have set a target of mid 2016 to be fully international.   …they need three things to happen prior to any RV – Political, Economic and Security Stability. But they are getting very close as I know ISIS does not have to be perfectly gone in order to RV.   …Maliki must be taken down and brought to justice or there will be no RV.  I can assure you this must be done prior to the scheduled December Reconciliation (or Unity) Conference  or they will not get anywhere in the conference and it will only be a failure.
______________________________________________________________

Frank26 (Dinar Guru) – [is there any crumbs can share with us…?]   MANY…Know we are very close.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
______________________________________________________________

Enorrste (Dinar Guru) – Article quote:  “Announced Shura Islamic Dawa Party Council, on Friday, his support for the reforms of Prime Minister Vahidi Abadi, which came in response conscious to the appeal of the Supreme religious authority and in response to popular demands, while stressing the importance of rationalizing and development of reforms in the framework of the Constitution and so as to push the wheel of the political process forward.”    I found this short article to be nothing short of amazing.  Earlier in the week we had an article in which it was said that the Dawa Party (Maliki’s State of Law) was urging Abadi to step down because he was so ineffective.  Now we see that just the opposite is being claimed here.  Is this a clue that Maliki is losing his grip on the Dawa Party?
______________________________________________________________

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.
______________________________________________________________

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.
______________________________________________________________

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.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates ‏@DinarUpdates 

Parliament proposing the introduction of new [value?] currency to deal with economic crisis

http://www.dinarupdates.com/blog/ 

______________________________________________________________

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.
______________________________________________________________

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.
______________________________________________________________

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.
______________________________________________________________

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!
______________________________________________________________

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]
______________________________________________________________

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!
______________________________________________________________

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]
______________________________________________________________

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
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com