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 121:7 (NKJV)
7 The Lord shall preserve you from all evil;
He shall preserve your soul.
Heavenly Father, Thank You for Your Love, Grace, Mercy, and forgiveness! Thank You for preserving us! In Jesus Name, Amen.
Mrs BGG
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Iraqi Dinar/Dollar auction (most recent listing) 11-24-15
Currency Auctions Announcement No. 3080
This daily currency auction was held in the Central Bank of Iraq on the 11-24-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 26 |
| Number of remittance companies | 14 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 219,042,755 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 219,042,755 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Gratitude is not only the greatest of virtues, but the parent of all the others. – Marcus Tullius Cicero
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*** Current Posts ***
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SteveI (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…” Look who is promoting the new currency and valuation now, yes Iraq themselves. Pack your bags and get ready. This is so “IN our faces”. The IMF has told the world that they expect Iraq to re-enter the “market” before the first half of 2016. Now we have a member of the Parliamentary Finance Committee while speaking about future revenue happen to say “oh, by the way the 1, 5, 10, 20 and 100 IQD notes are going to be distributed during 2016.” It certainly appears to me that they (Iraq, CBI, GOI) intend to change the value of the IQD…I believe, unlike previous years, and I have never liked dates, but in this case the window of opportunity starts January 1, 2016. This info is just huge. …the time has come and start preparing for our lives to change.
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Mnt Goat (Dinar Guru) – …the 50k notes are a TOOL. First they will be used them to draw in the 10k and 25k notes thus reducing the money supply. When you reduce the money supply↓?, the rate goes up↑. By doing this it will allow them to drive up the rate to .90 – $1.14 as I said it will come out for IN COUNTRY OF IRAQ ONLY. When they come out with the .90 – $1.14 rate the citizens will gladly exchange the 50k (a three zero note) for the lower denominations if they are worth more. Get it? Then going forward these 50k notes will be stored by the banks and use solely for interbanking and international trading transactions – now out of the hands of the citizens.
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Millionday (Dinar Guru) – THEY HAVE LARGE DENOMINATIONS NOW BUT THEY DO NOT HAVE THE SECURITY THAT THE NEW BILLS HAVE — THIS WILL PREVENT COUNTERFEITING AND COMPLETE THE DINAR STRUCTURE. THEY WILL ALSO HAVE A 100,000 DINAR NOTE AS THEY BACK IN VALUE THE CURRENCY SERIES THEY HAVE NEW WITH KURDISH PRINT AND THIS IS ALSO PART OF THE REMOVAL OF THE THREE ZERO CURRENCY PROCESS. [part 2 of 2]
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Millionday (Dinar Guru) – Article quote: “…the class »50« thousand dinars normal procedure intended to restructure the national currency...” THE 50,000 NOTE IS TO BACK UP THE RELEASE OF THE RESTRUCTURED NATIONAL CURRENCY. THIS IS NOT ABNORMAL IN MANY COUNTRIES AS THEY USE THEM TO BACK THEIR CURRENCY VALUE AND THEY WONT BE IN CIRCULATION. IN THE PAST IRAQ DID NOT HAVE HARD BACKED CURRENCY — THE NEW CURRENCY WILL BE BACKED UP BY US STOCKS — CASH OR GOLD. WHEN A COUNTRY`S CURRENCY IS HARD BACKED AND PART OF THAT IS CASH RESERVES — IT IS CHEAPER TO PRINT LARGE DENOMS IN THE SERIES INSTEAD OF PAYING TO HAVE LARGE AMOUNTS OF LOW DENOMINATION BILLS. [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 11-24-15
Currency Auctions Announcement No. 3080
This daily currency auction was held in the Central Bank of Iraq on the 11-24-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 26 |
| Number of remittance companies | 14 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 219,042,755 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 219,042,755 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Aggiedad77 (Dinar Guru) – Allak is floundering…he knows his number is up…his bell has been rung. Dr. Shabibi has the master plan and a masterful plan it is…far more complex than anything Allak could devise…the 50k’s…brilliant work Dr. Shabibi…sure some said oh dear me…this will cause inflation to skyrocket…this will cause the Iraqi currency to LOP…but who were those talking about this garbage…they definitely did not know of Dr. Shabibi’s plans to prosper Iraq to bring security and stability to the Iraqi currency…His plan is brilliant…those 50k sponges are working well…but in the opposite direction of those naysayers…sucking 000’s at all levels…his limelight grows brighter by the day.
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wmawhite (Dinar Guru) – …”lift the zeros”, “removal of the zeros” is in reference to the large notes that the Iraqi have grown up with. These statements have nothing…”ZERO” to do with the eventual value that the IQD will have…Instead, it is a use of words to convene to the Iraqi citizen that the large notes will eventual go no longer needed in the market place.
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mike (Dinar Guru) – Article: “Chapter VII threatens Iraq again” I don’t know…how much has really changed since Abadi took over? Thousands are still wrongfully imprisoned, there’s no unity among the three major sects, ISIL is still firmly entrenched in the west, nothing’s been done with corruption, the auction’s are still corrupted and more. Abadi and the GOI have passed the AML, largely because they would have been locked out of the western banks if they didn’t comply and they passed the Investment Law, that’s about it. I know Abadi was supposed to be the savior of Iraq, but so far, it’s been a bust. …it would make sense to put these guys back under Chapter VII. It’s clear that Abadi can’t or won’t go after those who are delaying progress and are corrupt, maybe he needs foreign intervention, again, to set things right.
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Millionday (Dinar Guru) – [are my bills (25 K with the horse head , gold strip, etc…), new bills? I feel that sometimes they are going to disappear like the 50 did?] THEY ARE LIKE THE ONES THAT THE IRAQIS HAVE NOW AND THE PEOPLE IN THE WORLD ARE HOLDING — WHEN THEY RELEASE A NEW SERIES AS IN ALL COUNTRIES THEY SET REGULATIONS FOR THE RETURN OF THE OLD TO GET THE NEW OR WHATEVER CURRENCY YOU WILL NEED IN THE MARKET. CURRENCY JUST DOESN’T BECOME NULL AND VOID OVER NIGHT — THEY GIVE AN AMOUNT OF TIME THAT THEY WILL BE EXCHANGING THEM — IT IS A SIGNED NOTE BY THEIR OFFICIALS STATING THAT THEY ARE LEGAL TENDER = OFFICIAL DOCUMENT.
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Poppy3 (Dinar Guru) – THE TARRIFS WILL NOT EVEN BRING IN ENOUGH MONEY AT THE PRESENT RATE TO PAY THE OVERHEAD COST OF HIRING THE 3000 PLUS PEOPLE AROUND THEIR COUNTRY TO COLLECT IT. IT IS SURE NO WINDFALL IT IS A EXPENSE UNTIL THE NEW HIGHER RATE IS ANNOUNCED AND IMPLEMENTED.
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Mnt Goat (Dinar Guru) – The IMF has themselves told us very specifically what to expect when the IQD revalues. They begin at a base pre-war rate of $3.22 the add on %’s based on assets of country since Saddam and go from there adding in value since the war. …the Iraqi rate as to when they exchange at 90 cents – $1.14…has nothing to do with your exchange rate.
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DinarUpdates.com News Time Chat 11-23-15 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: The joy of pumice Refer experts lack the cash economy in a market trading day to the weakness of individuals the confidence of the sector of the Iraqi banking, the impact of fiscal policy in the liquidity available in the market size through realized spending in the framework of the implementation of the general budget annually, calling for work to restore confidence in the sector It is important. and caused the lack of financial revenue earned from the oil sector due to a global decline in prices, pressing the government spending, which led to monitor most of the revenues and operating budget for the provision of wages and salaries in return investment projects that promised one of the challenges that have affected the lack of cash in circulation monetary stopped.
Millionday: NOTE — THEY ARE TALKING ABOUT THE NEED TO BRING CONFIDENCE BACK TO THE BANKING INDUSTRY
Millionday: NOTE — THE PROBLEM IS THE LACK OF THE CASH ON THE STREETS AND THE STALL IN PROJECTS ETC FROM THE BUDGET NOT BEING ACTIVATED
Millionday: The operational budget is estimated at next year’s budget in 2016 by more than 83 trillion dinars, or about 80 percent of the support of the general budget revenues. In this regard, said economic expert on behalf of Antoine: The «exacerbate the issue of lack of liquidity in the local market at present, has formed a burden on the citizens, as led to the failure of some banks to pay some depositors benefits they have to pay some companies salaries ».
Millionday: NOTE — OBVIOUSLY WORRY IMPACTS THE MARKET AND ALL FINANCIAL CONFIDENCE
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Read More: http://www.dinarupdates.com/showthread.php?25426-Millionday-newstime-11-23-15&p=137976#post137976
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Okie_Oil_Man (Dinar Guru) – [via Joshua & Lealoha] [Is there anything else that has to go through the Gazette before we see the RV?] It’s my understanding the three postings necessary to bring this to fruition have all been made. SUMMARY: OKIE SAYS HE HAS BEEN QUIET BECAUSE HE WAS TOLD THIS WOULD NOT HAPPEN UNTIL THE LATER PART OF THE YEAR – HE IS COMFORTABLE TO SPEAK NOW – WE ARE ON THE CUSP…believes RV imminent!
BGG – COMPLETE B.S.
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DinarUpdates.com News Time Chat 11-23-15 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: He pointed out that this measure is part of a project to restructure the currency, pointing out that it is long overdue fact that the need has become urgent for the issuance of the biggest and high Akiem categories such as 100 and 200 thousand dinars, similar to neighboring countries and the world and put them circulation has been suspended as a result of rising incomes Mayshl banks and people work to end either.
Millionday: NOTE — THIS IS NOT ABNORMAL IN MANY COUNTRIES AS THEY USE THEM TO BACK THEIR CURRENCY VALUE AND THEY WONT BE IN CIRCULATION
Millionday: In a question »Sabah» whether there are stocks of the dollar offset the new currency Ulkipaia explained that the lack of possibility of currency issuance in the countries responsible unless offset by stocks of the dollar, gold or cash reserve pointing out that at the time of the former regime was printed banknotes without that there will be a stock of hard currency from the fact that the country was trapped and has no contact with other countries.
Millionday: NOTE — IN THE PAST IRAQ DID NOT HAVE HARD BACKED CURRENCY — THE NEW CURRENCY WILL BE BACKED UP BY US STOCKS — CASH OR GOLD
Millionday: The academic pointed d. Falah Thuwaini that the aim of the new edition is to reduce the quantitative content (numerical), saying not all modern edition is a new cash issue increases the amount of money supply, explaining that if it were printed will alone billion dinars from the category of 6000 dinars, or 10 000 dinars, or even 25 000 dinars possible that this billion itself is to be 50 000 class or 100 000 dinars, adding the possibility that there is a Ward acceptable to lead such a move to inflationary expectations in the case of a new version for multiple purposes to Aadamh up or cover concern appropriately.
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Read More: http://www.dinarupdates.com/showthread.php?25426-Millionday-newstime-11-23-15&p=137976#post137976
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Millionday (Dinar Guru) – THE ACTUAL FULL OF POWER GOVERNOR OF CBI HAS ORDERED ALL MONETARY POLICIES — REFORMS CHANGES — DOCUMENTS — PLANS THEY HAVE WORKED ON FOR THE NEW IRAQ AND PROCEDURES TO ALL BE ACTIVATED. THIS IS WHAT WE HAVE BEEN WAITING FOR. THEY ARE MOVING FORWARD AND FORMAL ORDER HAS ACTUALLY BEEN GIVEN BY CBI GOVERNOR. THIS IS VERY EXCITING — WHOOOPOW.
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DinarUpdates.com News Time Chat 11-23-15 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: Prime Minister Haider al-Abadi, Sunday, with the head of the United Nations Mission in Iraq, Jan Kubis security and political situation in Iraq and the recent reforms launched by al-Abadi. Ebadi said Office in a statement, said that ‘the Prime Minister received in his office today President of the United Nations Mission in Iraq, Jan Kubis’, noting that’
Millionday: NOTE == PRESIDENT OF THE UN MEETING —
Millionday: During the meeting, they discussed security and political situation of the country and the situation of displaced persons and the return of families to the liberated areas and reconstruction and providing services to them, in addition to the importance of the international community to support Iraq in its war against terrorism ‘.He added that the two sides ‘discussed the recent statement of the Security Council to stand with Iraq in its war against terrorism and supporting the reforms that led Abadi’.
Millionday: SO IMO THEY ARE IN GREAT NEED OF THE BUDGET IN ORDER TO DELIVER THE BENEFITS AND THE REFORMS THEY ARE DISCUSSING — KEEP IN MIND THAT ALL IRAQI CITIZENS ARE NOT IN IRAQ THAT ARE RETIREES , WIDOWS, MILITARY, STUDENTS , AND THE LIST GOES ON
jwjd: MD can you go back to the Congress piece? I didn’t understand what that was meaning. Can you put it into more simpler terms?
Millionday: THERE WAS A REPORT OUT THAT STATED OUR CONGRESS WAS HOLDING A MEETING TO DISCUSS REMOVING OUR EMBASSY FROM IRAQ AND DIVIDING IRAQ — THE REPORT WAS COMPLETELY FALSE AND ONLY OUT THERE TO CAUSE PROBLEMS IT APPEARS
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Read More: http://www.dinarupdates.com/showthread.php?25426-Millionday-newstime-11-23-15&p=137976#post137976
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