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…

Proverbs 2:6-7 (NKJV)

6 For the Lord gives wisdom;
From His mouth come knowledge and understanding;
7 He stores up sound wisdom for the upright;
He is a shield to those who walk uprightly;

Heavenly Father, Thank You that You are our Shield! Thank You that You give us wisdom! We pray for the wisdom that we need today to accomplish Your will. 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 – 11.17.2015 

http://www.cbi.iq/

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The harder the conflict, the more glorious the triumph. – Thomas Paine

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*** Current Posts ***

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Put two coins new Iraqi dinar trading coming soon

Announced the decision of the Finance Committee in the Iraqi Parliament, Ahmed Haji Rashid, the Iraqi banknotes of 50 and 100 thousand dinars, contains 13 feature, where the possibility of forgery impossible.

He said the decision of the Finance Committee in the Iraqi Parliament, told roodao, “after meeting with the Iraqi Central Bank, we have seen many new information on the new denominations of 50 thousand to 100 thousand dinars, he said” this year will put 50 thousand dinars, and next year will launch a class 100 thousand dinars to the market “, said” in the near future would raise about 5 trillion dinars from 50 thousand dinars into circulation “…

Read More: http://www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) – the Minister of Planning and Minister of Finance suggested $1.13 to $1.17 with a gradual increase to a 3+ range. …you may be surprised that the natural rate will come out later for the IQD.   I like this 40 cent rate…that would make every 1 million IQD would be equal to $400,000.  If they do this, we believe we will not see this…it will be in this 7-10 day time frame…they will introduce the LD’s and coins but after they finish the float that you will not be able to see until the currency is in its NATURAL RATE POSITION…then they will cap it…my teams are saying, in their opinion…the capped rate will be higher than Kuwait.   [post 2 of 2]
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Frank26 (Dinar Guru) – …within the 2 weeks of December we believe the economic reforms in Iraq will be in full speed in progress…we believe the movement from the RI to the RV will start sometime during that time frame…we believe there is a time frame when they jump from the RI to the RV.   IMO…we think they may start at something like 40 cents…at the meeting on the 10th…they suggested 10 cents, 20 cents…but were told no…maybe they start at 40 cents…that period from the RI to RV we believe will take maybe 7 to 10 days and you may not even see this suggestion of 40 cents…because it is electronic and you won’t see it.  In that time is when we believe the IQD will be moved into its natural rate position and then it will be free floated at a 2% monthly margin to increase it…that is up to you which to see how fast you can jack it up to its natural rate position…is that $3.22…   [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) – [...has the IMF demanded that they RV the currency by such and such a date?]  the IMF has already told you when they expect this to happen.  the IMF made a statement that it is expected that Iraq will re-enter the economy market/global market prior to the first half of 2016.   IMO…this is as much a date as any of us will ever hear.
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Kaperoni (Dinar Guru) – Article:  “Parliamentary Integrity: the central bank has taken no action against “corruption” in the process of selling currency”   Since the CBI cannot even put a dent in stopping this, they need to work towards ending the auctions and floating the dinar…the sooner the better.  Those articles last week and the week before calling for the float are the correct solution.
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DinarUpdates.com News Time Chat 11-16-15 PM Part 2 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: Imad emirate reform of public finance sector involves a package of measures needed to address imbalances and deficiencies in both sides of the general budget and measures, expenditure and revenue,’

so working to improve aspects of public spending and the use of new technology to optimize the use of resources and reduce its size without damaging the poor class, also requires It’s improving by the public revenue, particularly tax revenue and try to invent new ways to increase it.

Millionday: NOTE —THE USE OF COMPUTERIZED FLUXUATIONS AND CALCULATIONS HAS TO BALANCE WHAT IS SPENT AND WHAT COMES IN FOR THE BUDGET IN ORDER TO HAVE A HEALTHY ECONOMIC PLAN AND PROTECT THE POOR AS WELL
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Read More: http://www.dinarupdates.com/showthread.php?24797-Millionday-newstime-11-16-15
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Frank26 (Dinar Guru) – …they issued the 50k last week…you know what the 50k mission is…this 50k is on a suicide mission to collect all the 000’s and it is very obvious it has done its job.  This is the beginning of the lifting of the 000’s...  the US…told the Iraqis they would help them with their MR process….for one year. It looks like they have decided to go with a float.  There is a change coming to the currency rate from the RI to the RV…this change will be a free float…they told you this…we don’t believe it will be 85 cents, we don’t believe it will be 1 to 1…WE SURELY DON’T BELIEVE IT WILL BE A LOP…it is going to be an increase…understand that.  [post 3 of 3]
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Frank26 (Dinar Guru) – We…did not forget about this meeting on the 10th with PM Abadi, Dr. Shabibi, the IMF, the World Bank, and others from Iraq.   …the meeting itself established the 2015 reform steps and going into 2016…that is why I told you they are so poised for 2016, but my God are they ready in 2015.  In that meeting they talked about a free float….they talked about maybe in the month of December they can walk out of the RI into the RV…let us free float our currency.   [post 2 of 3….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 11-17-15 

Currency Auctions Announcement No. 3075

This daily currency auction was held in the Central Bank of Iraq on the 11-17-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – IOO (in our opinion)…the LD’s that were moved from the US to Baghdad…IOO…were distributed to all the banks on Friday that Dr. Shabibi wanted them delivered to.  It is said today that Maliki will be tried in the International Criminal Court.  This is yet another step that was awaited…their laws are taking them in that direction of international flavor… what they want, international recognition…Justice is good and necessary.   [post 1 of 3….stay tuned]
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Mnt Goat (Dinar Guru) – There is a mandate from the CBI to banks that they will use these new 50k and 100k notes for very large inter-banking and commercial transactions since once they collect all the large old 3 zero notes they will no longer have the very large 3 zero notes for this purpose( 5k, 10k 25k). The 50k notes will coincide indefinitely with the new lower denominations ($5, $10, $20, $200, etc) in circulation as the new Iraq currency going forward.
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Mark (Dinar Guru) – Liquidity is gone, the can, can not be kicked down the road any further.
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DinarUpdates.com News Time Chat 11-16-15 PM Part 1 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: THIS IS WHAT CBI SAYS ABOUT THE 50,000 DINAR — READ EVERY WORD

Millionday: The Central Bank of Iraq, Sunday, that the issuance of 50 thousand dinars category paves the way for the deletion of zeros from the currency, and among it will reduce the demand for the dollar, he pointed out that there is no link to the financial crisis with the new version.

Millionday: NOTE — IT IS PAVING THE WAY TO PULL THE THREE ZERO CURRENCY AND IS PART OF THE NEW VERSION
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Read More: http://www.dinarupdates.com/showthread.php?24797-Millionday-newstime-11-16-15
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wmawhite (Dinar Guru) – Article quote:  “Warns a member of the Parliamentary Finance Committee, of the consequences of “the continuation of the central bank dollar auction to sell the currency,” it is that it “threatens to fall in foreign exchange, which sees the International Monetary Fund’s reserves to be dangerous.”  the message continues…”it is time to stop the auctions“…IMO.  If the auctions stop the amount of USD on the streets dry up and they are left with primarily IQD…”single payor window”. 
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tman23 – Article quote:  “because all the accounts of the budget will be recorded in accordance with the new currency. ”   IN WHICH CASE IS A STRONG POINT AND VERIFICATION OF WHAT WE HAVE BEEN SAYING…THE APPROPRIATE TIME TO LIFT THE ZEROS IS AT THE START OF THE YEAR…NOT THE MIDDLE OF A QUARTER OR MIDDLE OF THE YEAR…THOSE WERE SHABIBI’S WORDS…EXACTLY!
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Millionday – THE PRICES OF PRODUCTS IS WHAT RAISES THE DEMAND FOR WHAT DENOM — IT IS NOT A PROBLEM THAT THEY ARE RELEASING THE 50,000 — IT IS PART OF THE ENTIRE PLAN — MEANING THIS IS GOOD NEWS.  THE BUYING POWER AND HEIGHTENED VALUE OF THE DINAR WILL BE A RESULT OF TRADE ETC BUT ALSO FROM THE GLOBAL PRICING INDEX BEING CALCULATED —  THE DEMAND FOR THE DENOMINATION COMES FROM THE PRICES AND A MARKET ECONOMY — GLOBALLY — REQUIRES FAIR TRADE ACCORDING TO THE INTERNATIONAL EQUATION THAT DETERMINES THE FLUXUATION ON THE FOREX MARKET FOR ALL CURRENCIES.  THE DINAR WOULD NEED TO BE CALCULATED TO ITS TRUE VALUE FOR THEM TO GO TO A MARKET ECONOMY.  WE WILL HAVE TO WAIT AND SEE WHAT THE PLANNED RATE IS OF CBI.  [post 2 of 2]
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“for Dinar News – that MATTERS!!”
from Monday 11/16 @ 4:30pm CST

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Millionday – THIS IS WHAT CBI SAYS ABOUT THE 50,000 DINAR:  Quote:  “The Central Bank of Iraq, Sunday, that the issuance of 50 thousand dinars category paves the way for the deletion of zeros from the currency, and among it will reduce the demand for the dollar, he pointed out that there is no link to the financial crisis with the new version.”  IT IS PAVING THE WAY TO PULL THE THREE ZERO CURRENCY AND IS PART OF THE NEW VERSION.  THIS WAS PART OF THE PLAN FOR YEARS.  THE NEW DINAR SERIES WILL REDUCE THE DEMAND FOR THE US DOLLAR.  IT COULD TAKE A YEAR FOR IRAQ TO HAVE ALL THE THREE ZERO CURRENCY RETURNED TO THEM.  THIS IS PART OF THE MONETARY STRUCTURE AND DEVELOPMENT.  THEY ARE INCLUSIVE OF THE SMALL DENOMS AND COINS ACCORDING TO WHAT I HAVE READ…   [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) – Question:  since 2004, how many times has the CBI changed the value of the IQD? Answer: seven (7 years out of 11).  Now…most recently, we were told by a researcher that the CBI will NOT move the value of the IQD before floating it. It will just start floating.  The problem is, the IQD is not floating today and the CBI has moved the value seven (7) times already. It is obvious to the uneducated as I am, that the CBI will move the value of the IQD, IF it believes it reflects the true value of the IQD prior to any float.
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