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Word for the day…

Philippians 1:3 (NKJV)

3 I thank my God upon every remembrance of you,

Heavenly Father, Thank You that You are Love! Thank you for all who have served our country and are still serving to protect our Country! We pray that You will bless them and their families! In Jesus Name, Amen.

Happy Veterans Day!!

Mrs BGG

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CURRENCY CODE SELL BUY

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

Indicative rates – 11.11.2015

http://www.cbi.iq/

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That which can be asserted without evidence can also be dismissed without evidence. – Christopher Hitchens

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*** Current Posts ***

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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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Enorrste (Dinar Guru) – “The central bank issued banknotes fifty thousand Dinars category”   Once again we see that the plan is still in place, although delayed.  We had expected to see this in August as I recall.  Coming out now is just about consistent with our understanding of Iraq’s delayed timing schedule.  This confirms for me, in spades, that we will see the withdrawal of the 25000 notes during the next month or so, followed by a gradual reduction in the money supply total itself (value, as well as number of notes in circulation), thus setting up the scenario required to release the dinar to a free float.  I would not even be surprised to see a 100000 note come out within the next 45 days.  All in all this is turning out to be a very good week.
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Adam Montana (Dinar Guru) – [ I want to know, if the HCA (Hydro-Carbon Agreement) went to Parliament, with the 2016 Budget, on last Wednesday (11/04/2015).]  Everything I know about the current situation tells me that the HCL will be part of the budget, and it looks very positive to pass quickly.
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 Frank26 (Dinar Guru) – …the IQD is no longer pegged to the USD…we heard this earlier this year…so what are they pegged to…..the SDR.  the USD is in a…basket…yes that basket has USD in it…but they unpegged from the USD earlier…yes they did…but this…basket it looks so nice…it is so SECURE with what you see in it and the IQD will gladly peg with this SDR basket.  Someone said last night…ReInstatement…bring back the old rate…STOP.  What is an RI?   …when a country does a reinstatement of their currency they are simply doing this for international use and RECOGNITION.  They first have to RI…IMO…THEY JUST DID.  They have busted their borders wide open as they move into Article 8.  The moment the blessing occurs…when they RAISE the VALUE…THAT IS AN RV!
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Adam Montana (Dinar Guru) – It really looks like things are moving along as awesome as possible, so if we don’t hear anything disastrous, I’m thinking that this train is ROLLIN’!  The only real update/news to report is this: Second Reading of the budget is on Monday…  They have already given us all the info we need to suspect that the HCL is definitely in the Budget, and compared to how Budget readings went in the past, this one is FLYING along!
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mike (Dinar Guru) – Article:  “The central bank issued banknotes fifty thousand Dinars category”  I guess I’m waiting to actually see the note, I’ve looked at several sites for confirmation and haven’t found anything. I won’t be surprised to see a retraction by the CBI tomorrow, there’s no official attached to this news, like Keywords for instance. My position as to why they’re printing the notes is the same, they’re going to increase the money supply in Iraq if they print these bills. For me, it makes no sense to print larger notes to reduce note count, in fact, it’s never been done in the history of fiat currency. However, if they do remove the dinar from the peg and allow a currency that’s not in article VIII compliance to float, they’re going to need these larger notes when the value drops to 1500-1. Taking away the auctions is going to remove the biggest tool the CBI has to maintain the value and it’s going to cause the dinar to crater. How can I be so sure? Because I watched what happened in February when they capped the auctions at 75 million. It will be even worse with no auctions.
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Iraqi Dinar/Dollar auction (most recent listing) 11-11-15 

Currency Auctions Announcement No. 3071

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

The results were as follows:

More: http://dinarupdates.com/blog/
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tman23 – [do you thing with the isssue of 50 k notes will hold up the rv?]   They have said the “new” must come first as a prelude to the lifting of the 3 zeros from the currency notes…So end of Oct was 6 months after the removal of the 50 note (officially) from exchange.  THAT 50 NOTE WAS GOING TO INTERFERE IN SOME WAY WITH THE 50,000 NOTE LESS 3 ZEROS.  THERE IS AN EDUCATIONAL PROCESS THAT MUST GO ALONG WITH THE CHANGE.  JUST KNOW THEY ARE CHANGING AND THE SALARY LADDER ALONG WITH PENSIONS AND SOCIAL SECURITY WITH CUTS AND CHANGES INDICATE A DIFFERENT RATE MAY BE APPLIED…BUT I AM CONFIDENT THE 3 ZEROS ARE NOT PART OF 2016.
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Enorrste (Dinar Guru) – Article:  “The Central Bank of Iraq, announced issuing new cash paper category fifty thousand Dinars, includes writings in the Kurdish language…”    Article quote and explanation from 5-24-2015:  “this is a preliminary step to remove zeros from the Iraqi currency in the coming years”, adding that “these two categories will facilitate the process of deliberation of the Iraqi dinar exchange for hard currency.”  The quote specifically says that both the introduction of the larger notes AND the removal of the three zeros notes after that will lead to the “deliberation of the Iraqi dinar exchange for hard currency.”  In other words, the article’s writer is confirming my analysis that the introduction of the larger notes will lead Iraqis away from dollars since they will, after their introduction, have their own equivalent of a $50 and $100 bill, although worth just slightly less.  This will reduce the demand for dollars, and probably quickly, since they won’t have to pay the 8% “vig” to get the dollars anymore.  Reduction in dollar demand is the same as increasing demand for dinars, meaning the value of the dinar will begin to rise.  At some point, “over the next years” and after they change the exchange rate regime to a float, the demand will reach levels where the three zero notes will be withdrawn due to their being worth too much to carry.

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Revbo (Dinar Guru) – Article quote:  “The Central Bank of Iraq, announced issuing new cash paper category fifty thousand Dinars, includes writings in the Kurdish language…”   I know they had originally said these were going to be out this year, but all the news, for the past six months, has been that they would be out sometime in 2016, which, to me, always sounded like an indefinite postponement with no guarantee that they would ever be released, but certainly not before 2016.   Now, the day after the Fed tells them to get on with monetary reform and they sign the MoU with the IMF, they put them out there. That can’t be coincidence.
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Frank26 (Dinar Guru) – …you are NOT going to see the LAWS implemented…you are not going to see the Lower Denoms given to the Baby Banks…You are not going to [see] Dr. Shabibi take the helm of the CBI…you are NOT going to see Dr. Shabibi announce his monetary reform process option… UNTIL WHAT…Until MALIKI is walked to the gallows…  So when will we see an increase in value…Dr. Shababi at the helm…the LD’s released to the banks…the laws implemented.
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Poppy3 – I EXPECT RV PRIOR TO CHRISTMAS AND POSSIBLY EVEN THIS MONTH. TIME WILL TELL BUT SECURITY IS NOW GREAT, THE GREEN ZONE IS ALL OPEN AND THEY HAVE FREEDOM TO MOVE ABOUT AT ANYTIME. THEY PROMISE TRADE INTERNATIONALLY BY 2016 WHICH REQUIRES A RATE AND FOR THAT RATE TO HAVE TIME TO MOVE THEM THROUGH THE WTO AND THAT TAKES A MINIMUM OF TIME…  THIS IS WHY I THINK BEFORE THE END OF THIS MONTH IS NEEDED. THERE ARE SEVERAL OTHER THINGS… THEIR ISX IS TO OPEN INTERNATIONAL TRADE BY JAN 1. OTHER PROMISES ARE THEY WILL HAVE DAILY ELECTRIC SERVICE FOR ALL OF BAGDAD. THAT WAS SAID TO REQUIRE MILLIONS THROUGH THE BUDGET…THE CARDS ARE STACKED IN OUR FAVOR MORE THAN EVER.   [post 2 of 2]
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Poppy3 – MANY…STILL DOING THEIR BEST TO CALL FOR A FLOAT STARTING LOW THEN CLIMBING WITH A MARKET VALUE FLOAT.   WELL…LOW VALUE DOESNT MAKE A BIT OF SENSE AND ABSOLUTELY DOESNT SOLVE ONE PROBLEM FOR IRAQ. LETS SEE…WOULD IT FUND THE BUDGET (NOT AT ALL)…DOES IT ATTAIN ANY LOANS (NOT AT ALL)…DOES IT LET THEM SELL BONDS (NOT AT ALL)…MAYBE PAY RETRIBUTION THEY HAVE PROMISED (NOT AT ALL).  MAN I COULD GO ON BUT THATS MORE THAN ENOUGH REASONS THAT THE RATE WILL BE WHERE IT HAS BEEN STATED MANY TIME BY PEOPLE THAT MATTER..NEAR OR ABOVE $3.00 PLUS.   [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) – …the US went through a delete the zeros, sort of, many years ago. The US treasury has and still has 10,000, 5,000 and 1,000 notes today that are legal tender…but why are they not used? The same thing will take place in Iraq.  Again, delete the zeros, lift the zeros, pertains to the eventual drawing in off the streets, out of the market place the larger notes.
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Enorrste (Dinar Guru) – In other words, it seems to me that the IMF has been given the helm of the CBI and that from this point through to the implementation of the float it will be the IMF that is determining the timing and the actual events that will lead to this implementation.  Since KAP [Guru Kaperoni] has been so effective in reading up on the IMF and reporting what he has found, we know that the IMF has a worldwide plan to make the dinar a powerful tool for the entire world economy.  Thus this “memorandum” may actually be a subtle statement that the IMF has run out of patience with the Iraqis and their own time frame.  Therefore, I see that things will move forward much more quickly now as the IMF (and the World Bank) have recommended for well over a year now.
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