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…

Psalm 18:30 (NKJV)

30 As for God, His way is perfect;
The word of the Lord is proven;
He is a shield to all who trust in Him.

Heavenly Father, Thank You that Your way is perfect! Thank You that You are a shield to us! We trust in You 🙂 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 – 11.13.2015 (No change – as of 11/12)

http://www.cbi.iq/

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Never attribute to malice that which can be explained by stupidity. – Robert J. Hanlon

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*** Current Posts ***

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Kaperoni (Dinar Guru) – Article quote:   “many long term investors in emerging market currencies, for example, have been able to benefit from the appreciation of those currencies which is arguably due to the Balassa-Samuelson effect.”  In other words, this reference to the “Balassa-Samuelson effect” hypothesis which in essence is described as “a rapidly expanding economy creates a rapidly appreciating exchange rate” will give us an opportunity to benefit from that appreciation. That can only mean free float. The word “rapid” only make sense in a free float. It also means the IMF knows and endorses the plan. It also means that the dinar we hold is legitimate and was sold with an intended purpose.  So there u go…the dinar will rise and we will profit from it.
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Mnt Goat (Dinar Guru) – I told you about an effort to form new “reform” blocks consisting of those party members who support the Abadi government and all its reforms. These blocks make up the majority of parliament. This is tied to the Parties Law as the law sets standards as to party members and who can be involved in the government. Many of the past corrupted officials are now excluded. This is in part why we are seeing these last remaining laws move so fast.  As amazing as it may seem, all these events…have all happened in just a very short time period. It is very much timed and connected to the formation of these new reform blocks.  I have predicted most of these events would come to pass just prior to or in very close proximity to a significant change in the value of the Iraqi dinar.  So let’s now see what comes next in the coming weeks. This is going to get even more interesting as the near December. The news is terrific and we shall see an RV shortly and I firmly believe it will be sooner than later. This is the period of real change Iraq and it is all now happening at warp speed.
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Millionday – THEY ARE PLANNING A COMPLETE ECONOMIC REFORM.  THE ANNOUNCEMENT BY ABADI TODay WAS THE ACTIVATION OF THE ECONOMIC REFORM NOW — IMO.  MONETARY POLICY IS ON FAST TRACK…GLOBAL POSSITION.
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Frank26 (Dinar Guru) – Don’t get depressed that they added 000’s… They are working on the RI…the RI has nothing to do with the exchange rate or the value…the currency is being poised.  The currency of Iraq is poised for 2016 but boy is it ready for 2015…even though they are ready right now we still have some things that have to grow.  IMO…we are not going to see anyone or anything until we see Maliki arrested and other bad people too…very soon.
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Kaperoni (Dinar Guru) – Article: “Parliamentary Finance: the issuance of Class 50 000 will enhance the purchasing power of our currency”  …the hope is that that dinar comes out of shoeboxes and pillows and begins to be used on a more regular basis and less on the dollar. Obviously, the CBI wants to hold on to dollars and they are hoping this puts less demand on the auctions as well as consolidate the physical paper in circulation. As for our dinar, we do nothing. No need to try and get these or worry that our notes are ending or anything like that. Until the exchange rate begins to rise, this has no effect on us. …the CBI stated once the “delete zeros” program starts, they will accept the larger 3 zeros notes for up to 10 years…(of course they could always change that). Relax all. We have months yet to go until the CBI is ready to exit the peg and float…But they are now on the “clock” sort of speak as this note is part of the procedure to restructure the currency.
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Millionday – Article quote:  “Governor of the Central Bank of Iraq to respond to statements that relate to monetary policy”  THIS IS DISCUSSING THE ACTUAL APPLICATION OF THE US DOLLAR RATE AND INTERNATIONAL RATES.   SO WE HAVE EITHER A FIXED — OR MARKET FLOAT FROM A RATE OR A MANAGED THAT ALLOWS IN MOST CASES 2% FLUX ACCORDING TO THE REPORT.
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EXOGEN (Dinar Guru) – Article quote:  “…on Thursday, and documents the new general amnesty law based on what passed by Parliament and approved by the President of the Republic…”   GENERAL AMNESTY LAW HAS BEEN PASSED IN IRAQ.   THE SIGNIFICANCE OF WHAT THIS LAW MEANS IN REFERENCE TO YOUR CURRENCY INVESTMENT…THE AMNESTY LAW IS JUST AS BIG AS THE HCL, COMPLETE GOI, REFORMS PACKAGES, AND OIL AND GAS LAW.  IT IS THAT BIG AND THAT SIGNIFICANT TO THE COUNTRY OF IRAQ FOR STABILITY. THIS LAW IS THE START OF THE FIX OF ALL THE TRILLIONS OF IQD STOLEN FROM GOI MEMBERS AND CBI MEMBERS. MANY SCHOLARS OF THE IQD HAVE STATED FOR MANY YEARS THAT “THERE IS NO WAY AN RV OR AN RI COULD TAKE PLACE WITHOUT THIS AMNESTY LAW”!
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Frank26 (Dinar Guru) – So no LD’s, no Dr. Shabibi, no increase in value, no laws…until Maliki and Allak are gone…the CBI is taking action… meanwhile the Parliament has completed its own first reading of the 2016 budget…fast and historical…meaningful for their reforms…if they get a second reading…it will put Dr. Shabibi’s desire to lift the 000’s in harmony with the first of the year.   [post 3 of 3]
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Frank26 (Dinar Guru) – The USD is not being used in Iraq…they are going through an RI…pricing goods…using their own currency to march into Article 8…so they can march into an RV.   …in my strongest opinion…Dr. Shabibi will come out at a low rate…maybe 10 cents, 20 cents…that is what I call a low value…logic says you will start out at the first steps and watch it go upward.  …the RI is to reestablish the IQD at an international level and international usage.   [post 2 of 3….stay tuned]
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Frank26 (Dinar Guru) – The Warka Bank was invited to participate in the CBI currency auctions…this is big because the Warka Bank was established by so many men and women from international countries…to see Warka in this process…this is wonderful…I still don’t think we will see things until Maliki and Allak are taken care of…Maliki’s arrest warrant was put out over a month ago, but no one has done it…too many are afraid for themselves and their families.   [post 1 of 3….stay tuned]
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Kaperoni (Dinar Guru) – Article: “The central bank issued banknotes fifty thousand Dinars category”   Its officially on the CBI site now under announcements.
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Breitling (Dinar Guru) – [If/when banks exchange…how’s that going to work?]  If they can’t verify the currency by having the right money counters with the right chip in it, what they do is send it to the treasury department to confirm it.  You get a certificate.  the treasury department confirms it and that amount is credited to your bank account…they are not going to give you a bunch of cash right there on the spot.   banks don’t have that type of money to give you that amount of cash.  Another Issue people have is  [“Where are they going to get all this money?”]  It‘s an EXCHANGE.  So they get your note and you get a US dollar based on the value…so they are not buying your notes.
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wmawhite (Dinar Guru) – Article quote:  “… the environment is ripe for the replacement of the currency value or delete the zeros of them.”   Shabibi had always said that the government must support the monetary change.  The Finance Committee has always been the lone critic…now they are saying the timing is ripe. 
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Millionday – THE PLAN WAS INTRODUCED TO BE SMALL DENOMS — COINS — THE INTERNATIONAL EQUATION AND THE 50,000 NOTE —  THE 50,000 NOTE WAS INTRODUCED.  IF THIS IS BAD NEWS — IT SURE HAS MISSED ME…IT IS GOOD NEWS.    THE SECURE 50,000 IS RELEASED FOR STRATEGIC PURPOSES — COULD BE TO HavE A CERTAIN AMOUNT OF PAPER CURRENCY ON HAND — COULD BE TO BUY A VERY EXPENSIVE CAR CASH ONLY — BUT IT WAS PLANNED ALL ALONG.
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SteveI (Dinar Guru) – Topic:  “Control of the international road between Sinjar and Raqqa Syria”  Once they control Mosul, then we have a very good chance of seeing this before the first of the year or just into the next year.
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Adam Montana (Dinar Guru) – [ I read…that the first reading was completed yesterday.  Then it said the next session would be next Thursday [today].  …will the second reading of the budget take place then?  If it does, will there be a 3rd reading then a vote?  How long before a vote do you think?]  It’s scheduled for Monday now. There is no requirement for a 3rd reading, but it’s always possible. We will see on Monday/Tuesday how it pans out.
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Frank26 (Dinar Guru) – …the last time I was with you I made a mistake…when I make a mistake like I did last night, I come to you and tell you of them…  I…said to you…that Iraq has reinstated its currency...that they have RI’ed, no in my deepest apologies, no they have not reinstated or RI’ed.
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