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 16:13-14 (NKJV)

13 Watch, stand fast in the faith, be brave, be strong. 14 Let all that you do be done with love.

Heavenly Father, Thank You for the measure of faith You have given us! Let everything we do be done with love for Your 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 – 11.01.2015

http://www.cbi.iq/

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We know what we are, but know not what we may be.
William Shakespeare

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*** Current Posts ***

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wmawhite (Dinar Guru) – …ISIS has zero to do with what the exchange value is of the IQD. The exchange value is its worth outside of Iraq…not inside. ISIS is an issue in many places besides Iraq. Furthermore, it is an electronic event. It doesn’t not require a bank teller standing at a window in a bank. There will always be security issues WORLDWIDE. It is the new reality. A different world and it will not stop Iraq from what they want to be within the world economic forum.
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Steve (Dinar Guru) – As for the HCL, well, we have been told that it was done a while back, but price of oil changed, budget of 2015 never got fully released or a portion of it to keep the operations of Iraq going. This is not only exciting for us, but finally for the citizens of Iraq. We are almost there.  I am extremely positive but anything can still happen. We also found out that Maliki is pretty much history…him blowing off steam is getting ignored by most. His days are numbers in many ways.  [post 2 of 2]
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Aggiedad77 (Dinar Guru) – he spoke of a Baghdad free of terrorism…the cradle of civilization… what a great choice of words…the Baghdad that is to return to world renown…they reconstruct and at the same time the eliminate red tape that formerly stood in the way…how…by making amendments to existing laws that wipe away the red tape and bring great shame to corruption...  Even with low oil prices they continue to seek ways to finance their country through greater emphasis on activities within the public and private sector both that take away so much focus on oil.  Watch what they do in November…keep track of the accomplishments.  [post 2 of 2]
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SteveI (Dinar Guru) – [Do you and your sources see this likely happening before the end of the year or early next year?]  From our contacts and my own beliefs, (I really do not like to predict any specific time period due to the constant changes in Iraq) but this year looks excellent. ISIS is almost a thing of the past. I talked to [Guru] Ray the other day and he also believes we are right at the verge of this happening. Again, once ISIS is fully under control (one major city left) and then it looks really good for this to happen. They finally did agree to $45 per barrel for the 2016 budget regardless what you are reading in the news, and they are making a lot of adjustments to make that happen.  [post 1 of 2….stay tuned]
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Aggiedad77 (Dinar Guru) – we have great EXPECTATIONS for November, we expect to see great movement from within Iraq during this month…We’ve already seen a commitment from Parliament to hang around for 30 days and delay their vacation…why…to pass the budget...the budget they have been asked by PM Abadi and COM to not change…read it once…twice…then vote upon it.   Abadi spoke at the opening ceremony for the 42nd Baghdad International Fair…a fair attended by many both from within Iraq and many from outside…  [post 1of 2….stay tuned]
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Millionday – Qutoe:  “The primary objectives of the Central Bank of Iraq (CBI) is to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq”   THAT IS FROM CBI.  DIDNT IT SAY THEY HAD TO APPLY EXCHANGE RATES ETC BEFORE? THEY CHANGED WHAT IT SAID… I REALLY DONT KNOW THE EXACT DATE IT CHANGED BUT FOR MANY MANY YEARS IT DID NOT SAY THAT.  IT APPEARS TO ME THEY HAVE THEIR ACTUAL INDEPENDENT RULES NOW.  [so now it is assumed the rate will be applied…and now it says keep it stable etc?]  SMILE — IT READS WHAT THE CONSTITUTION STATES FOR THE CITIZENS IN SO MANY WORDS. [could they progress all the way into the year of 2016 with all the laws being passed?] WE DONT KNOW THE DATE — IMO I DONT THINK SO.
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Iraqi Dinar/Dollar auction (from) 11-01-15 

Currency Auctions Announcement No. 3063 (most recent listing – No change)

This daily currency auction was held in the Central Bank of Iraq on the 11-01-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – [With AML and investment laws done would it be reasonable to think that we may be close.]   I am sticking with the schedule the CBI stated..50k by end of year, and 50,100, 200 by beginning 2017.   If I am correct, we will see them spend the next 2-6 months reducing the notes count and getting in compliance with the IMF (the IMF even said they are sending a team to help with compliance beginning of 2016) and then around mid 2016 they will unpeg and the dinar will begin to rise creating enough pressure to raise the value to about .05 cents beginning 2017 (which would make the 50,100, 200 appropriate).  Can the timeframe change?  Sure it can.
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Aggiedad77 (Dinar Guru) – …here are some things to think over as we work our way towards a new tomorrow…things in Iraq are being generated at a never before seen speed…they are amending laws…much if not all of this process is complete…The Parliament received the 2016 budget from the COM this month and although the…Finance Committee tried to bellyache that it was “late again” this is one of the earliest times Parliament has gotten it in their hands in recent years…Now let’s see how the Finance Committee …will try and delay work on this.   …we saw Parliament vote today to stay in session in November rather than take a break…  …the Oil Minister Zebari spoke today too about the HCL.  November is going to be like no other month we’ve seen to date in Iraq.
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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.
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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!
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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.
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Frank26 (Dinar Guru) – [is there any crumbs can share with us…?]   MANY…Know we are very close.
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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?
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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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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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