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Enorrste (Dinar Guru) – The IMF itself made a statement about a month ago that Iraq would “enter the world market” at the beginning of 2016.  We see now that the manner in which the IMF could guarantee such a statement is that they had worked out a deal to guarantee that what they said would come to pass.  That guarantee is this “memorandum of understanding” between the IMF and the CBI.  Considering that the IMF made its proclamation about Iraq “entering the world market” a month ago, it seems to me that this memorandum of understanding is actually a much more powerful document than just an “understanding.”   [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) – …the writing has always been on wall. There are no secrets as to what Iraq intends to do…once it is done all of the investment community will not be surprised because it is expected.  The only part that remains is the timing.
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Mnt Goat (Dinar Guru) – First they intend to come out with a very low rate (unknown ??) and let if float for 4-7 days. During this time period they will issue the new lower denominations paper and coins. Then after this initial float they will revalue the currency to the true value and let it float also. They will of course cap the float and when it hits the cap after climbing as the market adjusts it then will settle down to the normal rate going forward. We have been told this normal rate will be above the Kuwaiti dinar.  Could the RV go prior to late December?  Sure it could and anything is possible in this situation. However…there are still a few pieces they need to put in place prior to the RV.  I have to tell you it is getting better and better as we near December.  Let’s see what other golden nuggets they bring us in these coming weeks.   [post 3 of 3]
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Mnt Goat (Dinar Guru) – Many GOLDEN NUGGETs. Wow! – So many nuggets just recently on the currency reform. Last week it was about the issue of a “fixed” vs “float” now its about the effects on the continuance of the “project to delete the zeros”.  The good news they are discussing it again along with other items very pertinent to the RV and they are all goodies we expect and should expect right about now to see. The timing is perfect.  Now we see in this article…that they have made a decision to float the currency and it will be solely the CBI’s responsibility.   In floating it they will get off the peg strictly to the US dollar and use instead an SDR.  They admit now is the time to float. Going on the SDR tells us they plan to float it but this time go international since the SDR is pegging against a basket of other international currencies and not just one such as US dollar.  So how will this float work…   [post 2 of 3….stay tuned]
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Mnt Goat (Dinar Guru) – So far we are seeing many things on path for a late Dec 2015 or early 2016 RV window of opportunity. There is a very strong indication for this window.  …I asked everyone to be on the look out for certain events.  I have said that only when you see these events (golden nuggets) could there be a strong indication of an upcoming RV window of opportunity. Such signs as news of launching the new 50k or 100k notes, articles about increasing the value of the dinar, distributing the lower denominations and coins, news of going international, deleting the zeros, putting the currency on a float, etc.   Iraq simply is not going to just trigger an RV without doing all the needed preparation for it. NEVER before since 2012 have we seen such discussion and events unfolding to indicate an RV is just on the horizon.   …we read that today parliament plans to do the first reading on the 2016 budget.   [post 1 of 3….stay tuned]
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Kaperoni (Dinar Guru) – (Press release) “Iraqi Central Bank Governor responded to the remarks relating to monetary policy”  This is really interesting IMO.  First his response to the recent articles (floating, etc) is rather quick.  So I think some of this is to curb speculation.  He also mentions though at the end “The bank will soon launch its strategy for the years 2016 – 2020”  which is interesting as it is falls in line with the timeframe they have mentioned several times to delete the zeros.  Let’s hope that early 2016 is the beginning.
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Iraqi Dinar/Dollar auction (most recent listing) 11-10-15 

Currency Auctions Announcement No. 3070

This daily currency auction was held in the Central Bank of Iraq on the 11-10-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – All reforms are going to break loose in Iraq…but we don’t know when they will be implemented. I believe the AMENDMENTS to the LAWS…have been done!  If they amended the laws…that is done for a new international rate – otherwise, what was the purpose of changing the 1166 rate? There is a NEED…there is a change coming!  The lower denoms are in position (IMO).  The movement of the LD’s are 3 weeks ahead of schedule. The new 50’s and 100’s are the brother and sisters of the lower denoms in Iraq. This will allow the new rate to come forth – because mathematically IT WILL NOT WORK without them.  To see the lower denoms travel (and ordered by the IMF to be released by December 31, 2015) and the holy men of Iraq are screaming for the laws to be implemented…this is amazing!  We have the banks…the permission (IMF)…and laws (international status)…and Iraq is ready to explode in value.  [post 2 of 2]
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Frank26 (Dinar Guru) – The former Secretary of State of the US told a reporter on CNBC that the military was guarding Iraq’s currency.  We believe that this currency has now moved. We have verified this, and the lower denoms have left the USA…  IMO – the bird landed at its final destination. IMO the lower denoms are in Iraq now…only because it’s 100% secure.  Dr. S [Shabibi] has these documents under his arms (100’s of them) against Maliki.  Dr. Shabibi is getting ready to get rid of the so the so-called governor of the CBI (Allac).  Apparently the 100’s of documents will also implicate Allac along with Maliki. He was a part of the scheme that was played out on a global scale.   [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) – Article quote:  “…staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”  the IMF has wanted this for sometime…
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Kaperoni (Dinar Guru) – Article quote:  “the Council of Ministers may ask the Central Bank “soon” to leave the currency auction and resorting to “float the dollar”  In years past, their were numerous articles that always said the Council of Ministers did not approve under the Maliki governments.  In fact,  Maliki came out in public in August 2012 and said the CoM voted against Shabibi and the CBI’s reforms demanding he stop (that was when he ran him out of the country with the warrant), yet, there was no record of a CoM meeting or any minutes from the CoM ever stating that.  To have an article that clearly states…”..the Council of Ministers may ask the Central Bank “soon” to leave the currency auction and resorting to “float the dollar”..”  is absolutely awesome and confirmation that the CoM and Abadi are on board with the reforms.  Hopefully as [Guru] Enorrste said we will see something very soon.
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firefly (Dinar Researcher) – IMO it will RI to its former rate plus 20% for inflation according to documents then it will remain a managed float of 2% up or down.  This is just my opinion basing it on documents.  Remember…NOBODY knows what it will actually come out at.  The WB and IMF put something into International banking law a few years back so unless it has changed I’m sticking with it.  1:1 would not help them…IMO.  They need money and they need it now.  They only have one chance to get this right.   Any miscalculations could cause disaster… AND…Their debt is much higher than a 1:1 could fulfill.  [do you think a chance this year?]  I don’t do dates but would be very surprised if it did…get out of 2015 that is.  I know one thing for fact…They wouldn’t be doing all this talking and planning unless they intended to do something and SOON. I’m expecting something soon.  I believe they are very close.

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Mnt Goat (Dinar Guru) – What is interesting too is we know that Iraq has very large stashed of the newer lower denominations but they will not distribute them now. Why? Cause these notes are associated with a significant increase in the value of their currency.  This alone tells us they must come out with a value much higher than the US dollar many are now using on the streets or what is the incentive to turn them in for the lower denominations later?  We must watch and wait for them to complete the launching of these lower denomination bills and coins as a sign the RV is close at hand.  The finance committee told us earlier this spring they were halting the “project to delete the zeroes” until sometime early 2016. We must watch and wait for them to re-launch this project as a sign the RV is close at hand.  [post 2 of 2]
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Mnt Goat (Dinar Guru) – So far we are seeing everything is on path for a late Dec 2015 or early 2016 RV window of opportunity. We are now into the second week of November already and I we see this movement to get the budget completed going on. As we inch our way towards December the progress we have been long awaiting is happening each week and all is looking very good.  Iraq is targeting Dec 1st to complete the budget and have it passed thru parliament.  2015 told us about the plan to use the new 50k and 100k notes. Said they would launch the 50k notes before the end of 2015.  These notes are not part of the provisional post war notes but will coincide with the new permanent money of minted coins and lower denominations.  We must watch and wait for them to launch these 50k notes as a sign the RV is close at hand.   [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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