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 91:4 (NKJV)

4 He shall cover you with His feathers,
And under His wings you shall take refuge;
His truth shall be your shield and buckler.

Heavenly Father, thank You for Your Truth! Thank You that You are our Shield and Buckler! Thank You for covering us with Your feathers and that we have refuge under Your wings 🙂 In Jesus Name, Amen.

Mrs BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 11.22.2015 

http://www.cbi.iq/

______________________________________________________________

The most important six inches on the battlefield is between your ears. – James Mattis

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Aggiedad77 – Article:  “Abadi wishes application of customs tariff soon after the previous governments’ failure to implement”   watch for early December implementation…by the middle of the month…taxes and tariffs…PM Abadi though is wanting it done correctly this time, no more delays…the Holy Man wants this done…we want this done…its a part of our step forward into the new international world.
_____________________________________________________________

Kaperoni (Dinar Guru) – Article: “Central bank: we oppose calls for reducing the rate of exchange for reforms”  Good to hear again there is no plan to reduce the value of the dinar despite those who want to (Turki). 
______________________________________________________________

tman23 – The decision of the Court on Najafi’s 2 lawsuits which involve the VP position is the BIGGEST of BIGGEST for Abadi and the GOI as a whole.  This decision is set for release the 24th…Tuesday.  If they decline Najafi’s suit…the rest (Maliki and Alawi’s are moot.  If the court rules in favor of the VP suit. Well it won’t be good for Abadi reforms and anything else coming down the pike.  Tuesday is a BIG day!
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Sunday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
______________________________________________________________

Poppy3 – …THE WORLD BANK IS STRESSING THE MOVES ARE VERY URGENT.  I HAVE READ SEVERAL TIMES THE BILLIONS IN LOANS FROM THE IMF AND WORLD BANK ALONG WITH CHINA…NONE OF THESE WILL RELEASE THE FUNDS UNLESS THEY HAVE A INTERNATIONALLY TRADABLE CURRENCY.  THIS MAKES PURE COMMON SENSE. (EXAMPLE ) JUST LIKE YOU AND I GETTING APPROVED FOR A LOAN IS ONE THING BUT THE FUNDS ARE NOT RELEASED TILL THE COLATERAL IS IN PLACE.  EXPECTING NEW RATE BETWEEN NOW AND DEC. 15TH. 
______________________________________________________________

mike (Dinar Guru) – If the sovereignty of the dinar is so important, why haven’t they added value to it?  Of course the dollar isn’t a benefit to the country, it’s a crutch to limp along with until you fix your own currency.  I can’t even remember how many times the GOI has said they need something (think “security and stability” ) to add value to the currency, it’s been one long list of excuses for years now, they’re going to mess around and delay this too long and the reserves will be severely depleted which may give them a legitimate excuse to put a hold on the change.   …there’s only so much the IMF can do.  For me, the only motivation Iraq has to comply with the IMF is to receive the handout at the end, the IMF has made it clear they won’t help unless Iraq helps themselves.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 11-22-15 

Currency Auctions Announcement No. 3078

This daily currency auction was held in the Central Bank of Iraq on the 11-22-2015

The results were as follows:

More: http://dinarupdates.com/blog/
______________________________________________________________

Kaperoni (Dinar Guru) – …it would make little sense to issue any lower denomination until the dinar appreciates to a point in which they are useful.  And I do expect that they will move from the peg to the float before 2017 (probably by mid 2016).  Here is the direct quotes from the CBI as far as timeline for the notes…”the Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017,” or “likely work on the project early in 2017.”   …two articles also say that only a 50, 100, and 200 would be introduced at that point.  One can make an educated guess as to a rate then based on those denominations the dinar would only be worth about 5 cents or so (any more would require even smaller denominations, any less no need to issue).  The reference in this article to me is only a general statement as to the value of notes that eventually will be out, not that specifically that they would all be issued at that time.  In fact, we know that is not true based on the two CBI articles posted.  That being said, who knows how fast the dinar will rise once they get off the peg. 
______________________________________________________________

wmawhite (Dinar Guru) – Keep this straight…the international value changes first…3 to 6 months later the price of goods inside Iraq begin to decrease…then the LDs start to be put on to the streets for use.  But we are gone/exchanged at the beginning…because we are concerned with the international exchange rate.  The plans for LDs just tells us that Iraq will have a much greater value to the IQD.  …we tend to get caught up in the currency…when that is german to Iraq…all we are looking for is the IQD re-enter the markets.  [post 3 of 3]
______________________________________________________________

DinarUpdates.com News Time Chat 11-21-15 PM Part 3 of 3

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: HERE COMES THE LIST OF WHAT THEY CAN DO TO CHANGE THIS TO A BETTER SYSTEM OF CONTROL AND BANK TOOL EFFECT

Millionday: First, contrary to the guidelines of the International Monetary Fund approved and committed to by the Member States (including Iraq)

Second: the restriction intersects with the Central Bank Law, which stipulates in Article 28 thereof on (buying or selling simple unconditional “cash or deferred” of foreign exchange).

Third: the creation of a large deviation between the official rate and the market price of obscene and achieve gains for speculators, brokers, and lead to a general rise in prices and harm the purchasing power of the Iraqi dinar.

Millionday: NOTE — LOOK AT NUMBER 3
~~~

Read More: http://www.dinarupdates.com/showthread.php?25205-Millionday-newstime-11-21-15
______________________________________________________________

wmawhite (Dinar Guru) – Here is something that came out today:   “He pointed out that (the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars).”  What does this tell me?  This tells us that members of the Finance Committee know that the CBI plans on issuing a 1 IQD coin/note. Why?  But 1 IQD only has a value of $0.00086.  So why plan on putting something of such low value on the street? Why?  Because, as the IMF has told us…Iraq will re-enter the global market by…When?  Prior to the first half of 2016.   [post 2 of 3….stay tuned]
______________________________________________________________

wmawhite (Dinar Guru) – [IYO when those lower denoms hit the street, would a new rate already be established, or would that come a bit later? Or would it possibly come before they release the lower denoms?]  Excellent question…Let me ask you…if a 1 IQD coin has a value of $0.00086…why would it be put on the street today?  It wouldn’t…Same with the other new notes/coins.   The Iraqis will not see them until well after the value of the IQD increases dramatically.  IMO…I will be on the beach in St. Thomas by the time the LDs are fully in use.  [post 1 of 3….stay tuned]
______________________________________________________________

DinarUpdates.com News Time Chat 11-21-15 PM Part 2 of 3

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: MUSIC TO OUR EARS >>>>> Second , although the economic model of the new Almarquintala (Commercial) reflects the strong state capitalism represented, but he has the strength of the partnership between the state and the market or create a cooperative state, especially in a country like Iraq where the state dominates the country’s natural resources major,

currents new Almarquintalah, unlike doctrine Liberal consumer, confirms priority productive side in the economic process. Sound economy in their view, it requires the presence of a production structure intact based on high operating structure of the labor force and wages Kavih.

valtjarh according to doctrine Almarquintala is not Imports ready flow of globalized markets, but that the production of partnership flows into the globalized markets, the national product of Iraq, as it flows into the local market produce it
~~~

Read More: http://www.dinarupdates.com/showthread.php?25205-Millionday-newstime-11-21-15
______________________________________________________________

rcookie  – [it is impossible to hv an rv and issuing 50k notes…does not make sense at all…why will they issue 50k and delete the zero the same year?]  DO YOU ACTUALLY BELIEVE THE IMMEDIATE AND COMPLETE COMPLIANCE TO ALL IMF…UN…AND WB MANDATES SUCH AS AML LAWS…BUDGET DEFICIT REDUCTION MEASURES THROUGH AUSTERITY REVISION…SALARY LADDER IMPLEMENTATION…ELECTRIC AND FUEL SUBSIDY REVISION…INVESTMENT LAWS PASSED…DISPLACED PEOPLES BUDGET REVISED…IMF & UN MANAGEMENT OVERSIGHT & MONITORING PANEL TO CBI IMPLEMENTED…FEDERAL JUDICIAL REFORM WAS ALL COMPLETED IN THE TIMETABLE THEY HAVE ACTED ON TO LET IT ALL SIT AND STEW FOR 2 YEARS…
______________________________________________________________

Aggiedad77 (Dinar Guru) – Look to the calendar for the day and smile…indeed.  The LD’s are home for the Holidays…Tucked in their respective drawers.  All snug as a bug in a rug.  Dreams of sugar plums dance through their heads.  Oh what a few short weeks…the difference can make.  Stay calm…stay grounded…be at peace…For the BEST is yet to come.
______________________________________________________________

DinarUpdates.com News Time Chat 11-21-15 PM Part 1 of 3

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: NOTE — THIS IS VERY INTERESTING — IT IS THE ANNOUNCEMENT FROM SALEH ABOUT THE MOVE FORWARD TO A MARKET ECONOMY —

Millionday: READ EVERY WORD AND VERY CAREFULLY

Millionday: Managed (State – components) of the framework of its new economic characterization as a system (Riei- liberal) alternative economic system (state – the nation), a system (rent-Central) based on the severe state capitalism Central, which remained determines the directions of economic policy,

and installation constants and variables of financial, monetary and trading and operational trends all power consuming serving Liberal consumption in the mechanics fragile of the parties to the global market without the ability to generate production and diversification of the national economy and in accordance with the structural following:
~~~

Read More: http://www.dinarupdates.com/showthread.php?25205-Millionday-newstime-11-21-15
______________________________________________________________

firefly (Dinar Guru) –  Trust me, this plan does NOT include a LOP.  The IQD is the ONLY currency in the past 10 yrs that has NOT lost any value.  I do not see that changing any time soon…IMO…
______________________________________________________________

wmawhite (Dinar Guru) – …Iraq/CBI will not LOP…What does every thing coming from the CBI, GOI and Parliament speak about… INCREASING the value of the IQD…a LOP is a dramatic DECREASE in value.
______________________________________________________________

Millionday (Dinar Guru) – WE ARE WAITING FOR THE POINT THAT THE RELEASE OF PRICING IS NEEDED AND ACCORDING TO REPORTS…IT SEEMS TO BE CLOSE.
______________________________________________________________

Kaperoni (Dinar Guru) – Article quote:  “...(the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars).”   This article also confirms the specifics of the plan, the introduction of the 50k, possible 100k which will consolidate the physical note count prior to beginning of the deletion of zeros project…which will raise the value (and bring out the smaller denominations). I continue to stick with the timeline the CBI announced last summer (50,100, 200 by the beginning of 2017).  I also believe the float has to start within the next 6 months in order to meet that CBI timeline.   The next 6 -12 months will be very exciting times as we watch this progress.  [post 2 of 2]
______________________________________________________________

Kaperoni (Dinar Guru) – Article: “Financial Parliament (time): next year the economic situation will not be different from the current”   Though this is not the timeframe we want to hear, it does confirm exactly what we have stated. The rise in value is directly related to the market economy which means we need the laws, agreements, insurance, investors, etc. As investment comes into Iraq, it will create inflationary pressure that will raise the value of the dinar. This is basic and fundamental monetary policy that is confirmed in the IMF Article IV Consultation from 2013 where they want the dinar to appreciate based on the Balassa-Samuelson effect.  [post 1 of 2….stay tuned]
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com