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 15:58 (NKJV)

58 Therefore, my beloved brethren, be steadfast, immovable, always abounding in the work of the Lord, knowing that your labor is not in vain in the Lord!

Heavenly Father, Thank You for the beloved body of Christ! Thank You for the work You have given us. 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 – 11.05.2015 

http://www.cbi.iq/

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Every man is a damn fool for at least five minutes a day. Wisdom consists of not exceeding the limit. – Elbert Hubbard

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*** Current Posts ***

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firefly (Dinar Guru) – Abadi is smarter!  Always 2 steps ahead of Maliki.  Maliki could make all the noise he wants. He has no power and his followers are too few to count and diminishing daily.  They have the goods on him. There is a reason the axe hasn’t fallen yet.
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Mnt Goat (Dinar Guru) – …this past week there was much news again. Yet more news of the long awaited laws dealing with implementing the Abadi reforms.   I have talked about these laws and why they were important prior to any RV. Now we have a few of them remaining and we find a deadline of Dec 1st to complete. The HUGE news, the hot off the press news now is all about doing something with the Iraqi currency. This is all good and what we need to be hearing. We need to hear it because we all should know by now they NEED to get off the post war, UN sanctioned, provisional currency and go international. Iraq needs to get fully out of Chapter VII sanctions and article 8 provisions shutting down their currency from the international trading is the only thing left. 
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Frank26 (Dinar Guru) – they were going to do this in March..but they didn’t do it because of lack of stability…then by July again Shabibi says no…look at security…so they didn’t do it…Dr. Shabibi and Abadi got to work just after July…by Sept you see so many things being accomplished by Abadi and Shabibi…Yesterday Abadi said we are 100% secure here in our country…now…look to early October…the Unity Card…the amendments of the laws…removal of terrorism…the removal of bad cabinet members…they did it all...now we are in November which will show a plethora of information…what they said yesterday we confirmed that three months ago…their intent was to remove the US by 1/1/2016.   I think we need to see the removal of the USD in Iraq….the removal of Maliki before we see the raising of the currency rate.  There are many changes in Iraq…SECURITY, STABILITY, but no PROSPERITY at 1166…
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Frank26 (Dinar Guru) – they were going to do this in March..but they didn’t do it because of lack of stability…then by July again Shabibi says no…look at security…so they didn’t do it…Dr. Shabibi and Abadi got to work just after July…by Sept you see so many things being accomplished by Abadi and Shabibi…Yesterday Abadi said we are 100% secure here in our country…now…look to early October…the Unity Card…the amendments of the laws…removal of terrorism…the removal of bad cabinet members…they did it all...now we are in November which will show a plethora of information…what they said yesterday we confirmed that three months ago…their intent was to remove the US by 1/1/2016.   I think we need to see the removal of the USD in Iraq….the removal of Maliki before we see the raising of the currency rate.  There are many changes in Iraq…SECURITY, STABILITY, but no PROSPERITY at 1166…
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Poppy3 – HOW LONG HAS POPPY3 BEEN TELLING ALL OF YOU THAT A FLOAT WOULD NOT HAPPEN? THREE YEARS NOW BECAUSE IT WILL NOT WORK AND THE CBI HAS ALWAYS INDICATED THEY NEED A FLAT RATE. MY OPINION IS A MEDIAN START RATE SHOULD BE IN THE $3.00 RANGE.   FROM DR SHABIBI TILL TODAY THE CBI HAVE ALWAYS SAID THEY WANTED A FLAT RATE THEY CAN MAINTAIN AND GROW THEIR ECONOMY OVER A 24 TO 36 MONTH BEFORE THEY ALLOW THE FLOAT.
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Adam Montana (Dinar Guru) – [WITH ALL THE ME COUNTRY’S FALLING SHORT WITH THERE MONEY. AND THE IMF DROPPING SOME OF THERE RATING’S. HOW DOES THIS HELP IRAQ AND THE RV – RI?]  I’m not concerned with the other countries in the ME, and most likely we’re just watching a natural adjustment in the balance of the world.  Iraq is Iraq, and they are capable of succeeding regardless of what other countries do…keep an eye on that HCL, I think good things are coming.
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Millionday – THIS WAS PART OF A SPEECH BY CBI GOVERNOR:   “…the central bank a day in the initial exchange market (referring to the lack of a future market for the currency or market options) and expresses its readiness to secure the display of foreign currency (dollars) to cover the need for demand to ensure the strengthening of the national currency and gradually to maintain stability at the target in each stage or period of revaluation ranges.”   HE IS ANNOUNCING THE READINESS TO ENSURE THE STRENGTHENING THE NATIONAL DINAR AND MAINTAIN STABILITY IN THE STAGE OF >>>REVALUATION.  WHOOOPOW.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

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Frank26 (Dinar Guru) – It costs millions per month for Iraq to keep their currency at 1166. There is a NEGATIVE factor each month in running the country at that rate.  Loans saved them each month. Their budget…was saved with artificial loans and money… ADRS (Abadi, Dr. Shabibi and Sastani) – got the green-light back in March.  Iraq is not going into bankruptcy.  Time has run out!   How do we know that TIME has run out? Countries are visiting DC and their currencies are going up in value.  Remember I showed you the China currency last week? China is printing a new 100 note. Many other countries prepare their currencies too.  IMO – Dr. Shabibi will take the green-light given to him by the IMF and move forward.   [post 2 of 2]
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Frank26 (Dinar Guru) – I would like to invite you to a new “qualified” Iraq – where laws have been amended…security in place…to Iraq’s international fair. This fair is done every year…and is a call to arm Iraq “internationally”.  Iraq is poised to show their growth to the world. The world awaits the monetary reform. The price of oil is not a concern…Iraq’s oil will be used to hurt Iraq’s enemy.  This year…VERY LOUDLY…the IMF…the father of the world’s rate…gave their appointed Central Bank Governor permission...   This month of November is going to be very eye opening.  the CBI is in the process of lifting the 3 zeros.  I am EXPECTING to see the lower denoms this month…if not…then things may move into the 1st quarter of 2016.   I told my staff of a particular date. November is going to be pretty fun. In November…time is up.  [post 1 of 2….stay tuned]
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firefly (Dinar Guru) – Unless the laws have changed IMO a float is not a possibility unless it’s a managed float.
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Adam Montana (Dinar Guru) – […what dictates that the RV has to take place…?]  I’ve always said 3 things need to happen:  1. Stable GOI (Done!)  2. Chapter 7 (Done!)  3. HCL (ALMOST!)
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tman23 – The salary ladder was a necessity and the rates being paid were a sour subject with the World Bank/IMF… This is not Abadi pulling a rabbit out of the hat but rather the strings attached from the World Bank/IMF… The new salary scale does not meet the market prices…therefore it is reasonable to assume a rate must be applied along with the lifting of the 3 zeros… The salary scale will go through… I am 1000% sure of that…and 1000% sure the zeros are due to be lifted…IF correct in meeting the needs in the market place…the rate would work out to around $2.66…but that is just IMO through cutting in rough numbers.
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tman23 – There is no doubt that this monetary change has the best chance we have ever seen of happening before the first of the year…AND Abadi is in a pressure cooker that is about to explode… He doesn’t have until mid next year, and IMO he doesn’t even have 90 days… 
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Adam Montana (Dinar Guru) – …and YESTERDAY it was announced that Parliament plans to include the HCL into the 2016 budget. That by itself wouldn’t be too impressive – we see fluff from Parliament all the time. But THIS time they included verbiage that specifically states how it’s going to work. The Kurds will honor their oil commitment, or they get their funds cut off.  This also means that their funds will not be cut off, provide they honor their agreement… and by putting it in the budget, that’s almost as good as passing the actual Law.  Let me put it another way – generally these announcements are one-sided, and we can always expect them to go back and forth on it.  THIS announcement accommodates BOTH sides, and is the single most solid evidence that we are moving forward that I have EVER seen on the HCL.   [post 2 of 2]
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Adam Montana (Dinar Guru) – Yesterday we saw some of the best news to come out of Iraq in a LONG time!  I know I’ve been positive about the dinar for a few weeks, but now I’m actually EXCITED!  As I’m sure you’re aware, we have had a Hydro Carbon Agreement for some time now. That’s fine and dandy, but I don’t believe it was possible to see an RV of any significance until there is a LAW on the oil agreement. Maliki kept progress at bay for years… As of beginning of this year, Maliki was ousted and now we have Good Guy Abadi at the helm, and for a few months he was a rock star! We saw a flurry of progress…and then it all slowed down. We had nothing major to get excited about over summer, and we all wondered when, or if, things would ever get moving again. Well, as of a couple weeks ago we started seeing some hints that things might be picking up speed again…   [post 1 of 2….stay tuned]
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Frank26 (Dinar Guru) – We’ve seen recently that Dr. Shabibi has started talking once again about the lifting of the 000’s… PM Abadi was at the mosque Sunday evening…he did speak to the citizens…telling them he was offering a full life of security, stability, prosperity without exception to the upcoming EID…Where did these strong words come from…as we’ve said there are EXPECTATIONS for November…NOVEMBER IS GOING TO BE LIKE A WATERFALL!  …all this is phenomenal news. Now is the SEASON…to be PROSPEROUS.   [post 2 of 2]
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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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