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 145:10-11 (NKJV)

10 All Your works shall praise You, O Lord,
And Your saints shall bless You.
11 They shall speak of the glory of Your kingdom,
And talk of Your power,

Heavenly Father, we praise You and bless You! Thank You for the kingdom of God and that You are Almighty God and the power of the Holy Spirit! 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 – 11.19.2015 

http://www.cbi.iq/

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To succeed in the world it is not enough to be stupid, you must also be well-mannered. – Voltaire

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*** Current Posts ***

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Kaperoni (Dinar Guru) – Article:  “A member of the parliamentary Finance: Half 2016 budget is dedicated to salaries”  [no wonder they are looking at devaluing the dinar to 1500 dinar to 1 usd.]   …both the IMF and CBI have clearly stated devaluing the dinar is not an option.  Heck think about..they have huge protests now, can you image if they made the majority of the citizens 30% poorer?    I know its hard to believe..but the documents signed (MoU and Article IV Consultation) by both Iraq and the IMF are very telling of the goals. Hang in there.
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Poppy3 – discussion today on projection of guaranteed rate on iraq investment bonds like our municipal bonds for rebuilding infrastructure of major cities. These are not the original bonds tried a few months ago these are purely for rebuilding ELECTRIC GRID, WATER SYSTEM, SCHOOLS, HOSPITALS, GOVERNMENT BUILDINGS. THE RATE HASNT BEEN ANNOUNCED BUT MEETINGS ARE BEING HELD AT IMF.
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tman23 – The Japan Loan is 3 billion dollars…it is a 40 year loan at a rate of 1%… So riddle me this…The CBI has extended the GOI bond sales until Nov 30 at which date they close…They could not sell bonds because of high rates required by investors…They can get 3 billion for infrastructure…it is waiting… Whats the problem? IMO…timing!
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wmawhite (Dinar Guru) – Folks, at the current value a 250 IQD note is worth $0.21 and the 500 IQD note is worth $0.42. These new notes are being printed with the Kurdish, Arabic and English languages. The costs of printing is greater than the value of the notes on the streets…GO FIGURE.  Something is happening.
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rcookie – EVERY SINGLE MANDATE REQUESTED BY IMF…WB…AND UN HAS BEEN IMMEDIATELY DELIVERED ON…AML LAWS…DONE…BUDGET AND DEFICIT AMENDMENTS…SALARY LADDER DONE…AUSTERITY MEASURES WITH ELECTRIC & FUEL SUSIDIES AND RATION PROGRAM ADJUSTMENTS DONE…CBI OVERSIGHT & MONITORING PANEL AGREED AND IN PLACE FROM UN & IMF DONE.
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Frank26 (Dinar Guru) –  ...now they announce to us we are going to start our taxes and tariffs next month…because we have started this process of lifting the 000’s and we have decided on a float.   I have no problems with how they will do this it is brilliant…it is nothing like what happened in Kuwait.  …1166 is a program rate…Then the IMF yesterday changed the rate from 1166 to 1500…Iraq’s goal is to leave the program rate…  I like they came out and tell us they are going to raise their value…looks like a float sometime next month…these are the end times.  [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 11-19-15 

Currency Auctions Announcement No. 3077

This daily currency auction was held in the Central Bank of Iraq on the 11-19-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – …we told you that Dr. Shabibi is ready to launch the monetary reform of their currency from the reinstatement stage into the revaluation stage.  This stems from the meeting on the 10th. So this meeting was where they came out to declare we are ready to add value to their currency by removing the 000’s from the citizens and also from you…they introduced the 50k and will introduce the 100k next year.   ...this whole process is speeding up so much now…we told you the LD’s came over from the US…we told you that Dr. Shabibi was moving these LD’s out into the banks…   [post 1 of 2….stay tuned]
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mike (Dinar Guru) – Article:  “A member of the parliamentary Finance: Half 2016 budget is dedicated to salaries”  …80% of Iraq’s budget is going to payroll, that leaves very little left over to facilitate the auctions and the fight against ISIL, let alone service projects for the people like electricity, water and sewage.  By lowering the value of the dinar, the GOI could save $10-12 billion a year in payroll, great for the government, bad for the citizens.  The good news is that Keywords is against it, here’s hoping he sticks to his guns on this.  The other thing is this, the IMF/WB want Iraq to lower salaries, remove subsidies on fuel, electricity etc. and implement the tariff’s, well, I don’t see how they can do that with a currency that’s been further devalued by lowering the rate to 1500-1.  Here’s hoping the recent IMF involvement can get Iraq closer to Article VIII where they have a chance to raise the value and stop the auction’s.  
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Kaperoni (Dinar Guru) – Article:  “A member of the parliamentary Finance: Half 2016 budget is dedicated to salaries”   If they sell 3.5 mbpd @ $40 a barrel X 365 days = about $51 billion dollars.  That of course could go up or down depending on prices and exports.    Its a total mess to think about $35 – $40 billion of that is salaries.
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Adam Montana (Dinar Guru) – [Anything yer lookin’ fer in particular or watchin’ for to come outta the G20 SUMMIT in Turkey this week…?]  Not particularly. I think Iraq (mainly the CBI) is going to do whatever it wants either way, and G20 summits usually disappoint regardless of what’s going on in the world.
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firefly (Dinar Guru) – anybody that thinks the Paris Club, IMF, WB will settle for 5 cents better go back into hibernation. This is a plan and the plan doesn’t include 5 cents.  They want their money and they want it now!  5 cents isn’t going to cut it, sorry.  Things are moving at double the speed than even 2 weeks ago!
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mike (Dinar Guru) – Article:  “Iraq will pay $ 12 billion from the central reserve to oil companies”   I don’t think this is anything to worry about, yet…the CBI isn’t authorized to pull reserves to pay for past due oil payments.  The CBI is under a lot of pressure right now and I believe those who want to maintain the status quo are getting the jitters.  They see that the MOU has been signed with the IMF and they know the end of the auction shenanigans and subsidies are near.  I wouldn’t doubt if we see a full court press for the removal of Keywords in the near future, these guys are going to do everything possible to keep the system the same, billions of dollars are hanging in the outcome.  IMO
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wmawhite (Dinar Guru) – [ I am holding several of the 5K notes…will they still be good with the release of the larger denoms?]  Nothing changes with the notes that we hold.  If the status of any of the Iraq dinar were to change, the CBI, who owns them, would be the enitity to inform the world.  I too have 5K notes. I am not concerned about their status changing. And why? Because the CBI continues to tell us what they are doing.
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Poppy3 – REPORT SAYS RV WILL HAPPEN BEFORE JULY 16TH 2016 ACCORDING TO IMF — NOTHING CONFIRMED AS TO THE VALIDITY OR ORIGINATION.  I PERSONALLY DONT SEE ANYWAY THEY CAN WAIT THAT LONG AND MOST ALL CBI AND OFFICIALS PREDICTING BEFORE 2016.  THINGS ARE AWESOME AND WE WILL BE HEAVENLY BLESSED IN NO TIME AT ALL.
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tman23 – Salary Ladder…salary reductions…pension reductions…social security reductions…AML, Investment Law, both passed and waiting … 2016 Budget had second reading… Taxes are ONCE AGAIN set to be enforced on imports…and the chatter of devaluing to 1500 IQD to 1 USD… They are preparing for something…and the citizens just as much as members of the GOI are confused…which is a Good sign IMO…because a neutral event would not call for secrecy and confusion.
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mike (Dinar Guru) – As long as Iraq moves to Article VIII before they try to float the dinar, there’s a very good chance the dinar will rise in value.  If they don’t, then it’s going to be a mess.  Hopefully…if they make a move to international status around the middle of 2016, my guess is they’ll have roughly $50 billion left in the reserves, which would be enough to support a dinar with higher value.
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