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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Millionday – [Do you believe till maliki is arrested we won’t see a RV?]  NO I DO NOT AGREE WITH THAT.
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Aggiedad77 (Dinar Guru) – What is likely to happen…IOO…is the LD’s need to be brought forward…why else would they have risked moving them from the US to Baghdad…to the CBI…not to bring them out…what purpose would that serve…but to bring them out…they need value…something far greater than 1166 as a value…have patience…be strong today and stronger tomorrow…the BEST is yet to come.
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Millionday – Article quote:  “the «Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubis gave the end of last week to the United Nations Security Council, the report prepared by the Secretary-General of the United Nations Ban Ki-moon on the situation in Iraq.”   THE UN SECURITY COUNCIL HAS APPROVED THE REFORMS GIVEN TO THEM A FEW DAYS AGO — THIS IS THE LAST OF THE REFORM ACTIVATION — THE ECONOMIC IS THE LAST ONE ACCORDING TO ALL THE INK I HAVE.  THE MOVE FORWARD WITH THE LAST OF THE REFORM PACKAGES IS URGENT AND SO IS THE NATIONAL RECONCILIATION CONFERENCE ACCORDING TO THE UN SECURITY COUNCIL –  THEY HAVE TOLD IRAQ THIS IS CRITICAL AND USED THE WORD — URGENT — LOVE IT.
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Kaperoni (Dinar Guru) –  …the zeros (3 zero notes) cannot go away until the dinar has appreciated to a value that lets the CBI collect and destroy them.  It does not mean they won’t start to raise the value within the next few months as we predict.  That being said, the CBI was clear, the 50, 100, 200 is expected to come out early or starting 2017.  That would put the rate at or about .05 cents or so.  ..which is what we expect.  It may take 16 to 24 months to raise the value to a 1 to $1 rate in which the zeros are then “technically” deleted.    I think everyone here expects the float to begin during the 1st half of 2016 which matches with the IMF statement and the goals for 2017.  So in reality, if parliament passes the laws, investors begin to flock into Iraq, and the CBI (with the help of the IMF) gets monetary policy under control, the 50K note works to reduce the paper, and the decision is made to exit the peg to a float by mid 2016, the nominal rate could be less or more than that educated calculation (we think about 5 cents). Lot’s of “ifs” here so we wait and see how it plays out.
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Millionday – THIS IS OUR PARLIAMENT UPDATE — REMEMBER THIS SESSION IS EXTENDED FOR ONE MONTH — THEY ARE WORKING.  THE AGRICULTURE LAND LAW IS VOTED THROUGH — AMNESTY IS READ TWICE AND READY FOR VOTE.  IRAQ VOTED THE DRAft ACCESSION OF INTERNATIONAL RAILWAYS PER AGREEMENT…THIS IS HUGE FOR DIVERSIFYING WITHIN TRADE AND THEIR GDP % FROM OIL DEPENDING.  THEY ARE VERY HAPPY WITH THE RESULTS SHOWING ON TERRORISM WAR – AS THEY SHOULD – THEY APPROVED 2016 BUDGET AMOUNT FOR REPRESENTATIVE PAY AND ALLOCATIONS.   PARLIAMENT IS GETTING THE AGENDA DONE AS THEY HAVE PLANNED — THIS IS HUGE.
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Mnt Goat (Dinar Guru) – Article quote:  “Haider said in a press statement child “Iraq law” that the purpose of the issuance of this category of the “50” thousand Iraqi dinars IS TO REMOVE THREE ZEROS FROM THE IRAQI CURRENCY IN THE DISTANT FUTURE, to facilitate internationalized currency among citizens”.  Did someone say to facilitate internationalized currency (or in other words make the currency “international”)? WOW?  … we are just waiting for them to completed the RV process so they can trigger it. In the meantime they have given themselves enough of a timeline to try to complete the needed laws to support the reforms. These reforms will ensure Iraq can maintain and build a healthy economy afterwards.  They are definitely setting themselves up for a near future global currency and a significant increase in the value of their currency. No doubt about it! This is the time!  [post 2 of 2]
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Mnt Goat (Dinar Guru) – I am now hearing they plan to start up the “project to delete the zeros” once again next month (December) and also launch the new 50K notes at this time. Launch the 100k notes in early 2016.  Remember they can’t launch these new notes without some significant increase in the value of the Iraqi dinar. Also the lower denomination bills and coins must also be launched at or about the same time period since the 50k and 100k notes are to be part of the long term, permanent currency for Iraq along with the new lower denominations and coins.  Keep a close eye out especially for news of the launching of the coins. Why?  Because if they launch the coins they MUST RV FIRST…they unsuccessfully launched coins in the past without an RV and it was a huge blunder. This mistake cost them billions. [post 1 of 2….stay tuned]
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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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