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…

Hebrews 13:15 (NKJV)

15 Therefore by Him let us continually offer the sacrifice of praise to God, that is, the fruit of our lips, giving thanks to His name.

Heavenly Father, we praise You! Thank You that this is a month for Thanksgiving! 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 – 11.03.2015 

http://www.cbi.iq/

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“This country has shed more blood for the freedom of other people than all the other nations in the history of the world combined, and I’m tired of people feeling like they’ve got to apologize for America” – Fred Thompson

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*** Current Posts ***

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tman23 – In October 2012 Abadi made an announcement in media about it being time to lift the 3 zeros and they were planning on doing so if the new currency could be ready before January if there was time.  Days later Maliki had the courts issue an arrest warrant for Shabibi. During the sept/oct iisd post 2015 summit an article was out about the iisd.   What we knew back in 2012 was Shabibi was in Japan for a convention.   That convention turned out to be meeting with the iisd. NOW…straight from Japan a loan for 3 billion dollars…  We are in the same time frames as 2012 when they were preparing to lift the 3 zeros by the first of the year.
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firefly (Dinar Guru) – [IRAQ WANTS A LOAN FROM THE IMF TO MOVE FORWARD…]  NOBODY is going to loan Iraq anything anymore at 1166.  Something is definitely stirring on their side of the pond!  Iraq has many many contracts waiting for the go…   So Iraq is meeting with the WB AND the IMF, both early this month. Things that make you go Hmmmmmm.
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Millionday – [Do you see this happening before Iran sanctions are lifted? I thought I read they will be lifted on the 15th of November.]   I DO NOT KNOW THE DATE…AT ALL — MANY ARE GUESSING IT HAS TO DO WITH IRAN SANCTIONS — I THINK THAT IT ONLY HAS TO DO WITH CBI AND IRAQ RIGHT NOW — REFORMING THE COUNTRY TO A MARKET ECONOMY.
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Enorrste (Dinar Guru) – Article quote:    “The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar…”    This ties in with the other recent article that stated that the CBI was going to go “on the attack” with respect to getting the dinar value raised.  Now this article is saying that Abadi is behind the plan all the way.  I won’t be surprised to see the dinar released to a float prior to the end of this year or early in the next.
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Kaperoni (Dinar Guru) –  Article quote:  “The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar…”   My take is Saleh is telling Abadi to forget about the salary scale and just float the dang currency!  I’m for getting off the peg and let it rip good or bad.   I really don’t see how it could go down with the Investment Law on the books and the soon to be deposit insurance act.  Iraq is about to receive a huge influx of capital for investment.  Only one way to go…up.
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Frank26 (Dinar Guru)  – In the last 24-48 hours we’ve seen several articles that state they are going to delete the 3 zeros.  IMO – Abadi is now shifting things to a market economy … the only way to do that is to tell these “investors” in back-rooms that they are about to raise the value of their currency. This is HUGE!  Time is up and they can’t afford to walk into next year … bankrupt.  They can’t go bankrupt…that would be a LOP…and that is not the goal of Iraq nor the United States.
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EXOGEN (Dinar Guru) – Article quote:  “Parliamentary Finance Committee, announced Tuesday, that the financial budget for next year will be included on the agenda of the next meeting of the House to read the first reading.”
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tman23 – [ya think early 2016?]    IMO… BEFORE! They will need to open 2016 with the 3 zeros lifted.  No money for the people and cut salaries…This is the defining moment!   Either Abadi “flips the switch” per se’ and opens with some purchasing power to the currency…OR Maliki and his opposition will be able to flip the country with very little resistance from the citizens… really is that simple!   [post 2 of 2]

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tman23 – Zebari, the Finance Minister said in an official statement that by the end of the year Iraq will have only spent 60% of the 2015 budget… So how is that? And another Minister said that November is going to be a huge economic crisis month… From the outside looking in… it appears that they are setting up for something different then just salary cuts… the cuts are an adjustment to the lifting of the 3 zeros…and the cuts give indications that lifting the 3 zeros is not a neutral event, but rather going to add value to the Iraqi dinar…  [post 1 of 2….stay tuned]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Tuesday 11/03 @ 4:30pm CST

Smart phone user link – Click here

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Kaperoni (Dinar Guru) – Article quote:   “The National Conference leader and head of the parliamentary finance committee MP Ahmad Chalabi, died this morning at his home in Kadhimiya, north of Baghdad, after suffering a heart attack.”   The timing of this is what is interesting. He was very outspoken about corruption, and recently stated in public the list would be released identifying the corrupt. He was also the head MP in charge of the Finance Committee. This is very unfortunate.
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Frank26 (Dinar Guru) – Wall Street Journal article:  “Emerging Markets Reward Bold” …what? Can you imagine that L-O-N-G—L-I-N-E? Investors will be rewarded “boldly” very soon.  Where is the oil report for the 2nd and 3rd quarter for Iraq? Humm. That info is on a public website. That is HUGE! Everyone knows what’s going on … and NO ONE wants to get paid at 1166. You don’t see them cashing in on their contracts yet do you? LOL As soon as they change the value of their currency…they will get paid BOLDLY!
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Millionday – Article quote: “…al-Jubouri, the House of Representatives voted during its meeting today, approved the decision to support the reforms his body without the authorization of any executive powers to anyone.”  MANY WERE WORRIED THAT ALL STEPS OF REFORMS HAD TO GO THROUGH VOTE AND TIMELINE IS HUGE.  PARLIAMENT >>>VOTED<<< APPROVED SUPPORT OF THE REFORMS WITHOUT AUTHORIZATION.  ALWAYS REMEMBER THEY HAVE A CONSTITUTION THAT INTERNATIONAL AND FEDERAL LAW PROTECTS.  THEY ARE JUST ASKING THAT IT COMPLIES WITH CONSTITUTION — UNDERSTANDABLE…VOTE DONE.
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wmawhite (Dinar Guru) – If you had a company and you were selling stock in your company and you believed your company’s stock was worth (let’s say) $1.25 per share. Why would you start out selling it at…$0.00085 per share?  That would be…Crazy…and it applies directly to Iraq.
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tman23 – IMO… FROM TODAY UP TO THE END OF DECEMBER WE ARE IN THE ZONE.  NO WINDOWS! ZONE FOR MONETARY CHANGE! AND THOSE SAYING MID 2016 OR 2017…NOPE! IRAQ IS NOT BRINGING IN FOREIGN INVESTMENT WITH 3 ZERO ACCOUNTING ATTACHED AND THEN REDOING BOOKS IN THE MIDDLE OF THE YEAR… AIN’T HAPPENING!
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Iraqi Dinar/Dollar auction (from) 11-03-15 

Currency Auctions Announcement No. 3065

This daily currency auction was held in the Central Bank of Iraq on the 11-03-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Mnt Goat (Dinar Guru) – So what is left to accomplish (if you need a laundry list)?
-Amnesty law needs to be passed and fully implemented (coming before parliament this week)
-Mandates of the three presidencies (second reading is today)
-Accountability and Justice law (cleaning up the judicial system, will lead to the final straw in prosecution of Maliki and his goons)
-Final announcement of the Federation Council law
-Final report card and unity meeting for the mandate for Reconciliation called the “Reconciliation Conference”.

Now when we see these events come to pass we must be alert.
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Kaperoni (Dinar Guru) – Article:  “eliminates the parliament’s decision not to ratify the paper Abadi reforms”   …parliament voted in favor of Abadi’s reforms as long as they are constitutional. Which is a setback of sorts since Abadi was trying to get his reforms done expeditiously. This is not good news in the sense that it will probably slow progress down to a crawl because we know how slow parliament is to approve anything…and as some believe a win for Maliki and his attempts to prevent progress.
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Mnt Goat (Dinar Guru) – I believe our next HUGE announcement will be the passing of the Accountability and Justice law. This law includes many of the reforms to the judicial system. It is very much needed before any RV. I believe it will be passed in the next couple weeks. Most importantly for the RV, it will establish the legal groundwork for investors to come into Iraq. From this aspect it will include how disputes will be settled, suits filed, etc, etc.  Once the accountability and justice law is passed, we can almost certainly expect the prosecution of the ex PM Nori al-Maliki. This too is needed prior to any RV.  No prospects for an RV either in the coming month of November. Sorry Folks! Later December and possibly early January has prospects…We need to see how Iraq progresses in all the areas in the coming month…  There is a target and a plan I can assure you of this. They are moving at lighting speed to get there.   [post 2 of 3….stay tuned]
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DinarUpdates.com News Time Chat 11-01-15 PM Part 2 of 2

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: NOTE — THEY ARE PUSHING FOR REFORMS TO BE DONE WITH URGENCY

Millionday: The prime minister apologized twice to attend a parliamentary session to host, so exciting wave of widespread criticism, even among members of the National Alliance, which belongs to him.
 
 He attributed this Congress, then, to the tension that marred relationship Abadi Paljbure against the backdrop of criticism from the first to the second of his participation in the conference hosted by Qatar and attended by representatives of the Baath Party and some armed groups.

Millionday: NOTE — HE HAS MISSED TWO EXPECTED HOSTINGS
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Read More: http://www.dinarupdates.com/showthread.php?23768-Millionday-News-11-02-15
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Mnt Goat (Dinar Guru) – I need to emphasize again that most of the needed reforms prior to the RV are already done but a couple areas still need to be addressed – that of getting rid of the stench of Maliki, the judicial reforms, amnesty and others. It is by far not all completed.   In line with getting rid of Maliki and the judicial reforms Iraq needs to have their “Reconciliation Conference”. They will only do this  once they feel all matters of agreed to reforms implementations are completed. The Reconciliation Conference is a timeline for conclusion when all the work towards a unified Iraq (as agreed to over 9 years ago) is going forward for the benefit of all the citizens. The December date is just a tentative timeline. Right now this is all the really matters in the long run to get us our RV.  [post 1 of 3….stay tuned]
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wmawhite (Dinar Guru) – …is there anyone in their right mind that believes the true value of the IQD today is 1166 to 1 USD?  If it is NOT…then why would the CBI start a float at 1166…why would you sell your home for nothing if it is worth more? Starting at 1166 is just nuts!
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BGG – Article:  “Judiciary denies the return of the Vice-Presidents and confirms: Federal did not hold a hearing on it”    I’ve been keeping an eye on this – I don’t see where this piece articulates a Fed Court Ruling in Maliki’s favor (and the other VP’s)… in fact, it appears a court spokesperson is plainly denying such a ruling. The only evidence of such a ruling comes from a potential Maliki sycophant giving a media interview…
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DinarUpdates.com News Time Chat 11-01-15 PM Part 1 of 2

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: LETS ADDRESS THE BIG RUMOR FIRST ABOUT REFORMS

Millionday: Office of the President of the House of Representatives Saleem al-Jubouri, the House of Representatives voted during its meeting today, approved the decision to support the reforms his body without the authorization of any executive powers to anyone.

Millionday: NOTE — MANY WERE WORRIED THAT ALL STEPS OF REFORMS HAD TO GO THROUGH VOTE AND TIMELINE IS HUGE

Millionday: NOTE — PARLIAMENT >>>>>VOTED<<<<< APPROVED SUPPORT OF THE REFORMS WITHOUT AUTHORIZATION
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Read More: http://www.dinarupdates.com/showthread.php?23768-Millionday-News-11-02-15
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SteveI (Dinar Guru) – [Are you still of the belief that the rate will be in the 3.5, give or take a few, range?]  Yes I do. A strong currency will be equal to a strong economy. This one to one I am just not buying into at this time. How do you become one of the largest economic countries you ask? Yes, a strong currency will be hand in hand. I believe if you go look at some strong countries with assets, you will see what I mean. The KWD to the USD is 3.30 at this moment and Kuwait is next door with many things they are sharing in common like ports, oil, etc. I understand not all countries are at the Kuwaiti rate nor ever will be, but that does not mean that the IQD falls within that group.  [Guru] Joe P…was very much into this with huge contacts believed the rate to be close to the post Sadam days. Things have changed but Iraq is a very rich asset country.
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wmawhite (Dinar Guru) – this is from the CBI as of today:  “Keywords and said in a statement to Agence {Euphrates News}, that Iraq has a reserve of cash currency, which protect him from falling into an economic crisis suffocating, or the inability of the State to provide the employees’ salaries, and cover the projects, “pointing out that”  Iraq reserves estimated at more than 1,500% “.   What everyone needs to understand is that the CBI has enough in reserves that if they wanted to change the value to a 1 to 1 they could do just that.
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Kaperoni (Dinar Guru) – “The meeting’s agenda number (34) Monday (2) November 2015. The third parliamentary session”  [No.9 is the only one I’m finding interesting at the moment, hopefully it will be settled and they can then make a move on ” M]  “Ninth: The second reading of a bill defining the mandates of the three presidencies. (Legal Committee). (Article 8).”  I’ll be honest, I don’t see anyone making any such move on Maliki. Why? because he is the head of the State of Law bloc, has already been named responsible for the Spiker tragedy and nothing has happened. Apparently a court ruling today was in his favor that the PM cannot dissolve the Vice-President positions.
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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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