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 136:1 (NKJV)

136 Oh, give thanks to the Lord, for He is good!
For His mercy endures forever.

Heavenly Father, Thank You that You are Good! Thank You for Your mercy that endures forever! 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 – 12.01.2015 

http://www.cbi.iq/

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It is dangerous to be right when the government is wrong. – Voltaire

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*** Current Posts ***

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wmawhite (Dinar Guru) – The IMF has stated that Iraq needs to have the “free flow of currencies” and that they (IMF) expects Iraq to re-enter the economy market prior to the first half of 2016.  Now, think this through. How well will Iraq do if they are required to have the “free flow of currencies” if business/investors are not able to exchange currencies freely.  Instead, they will only have windows that open and close?   …and when the status of the IQD changes… when Iraq (meaning) it’s currency is back on the world economic stage it must be free flowing…there are none of these opening and closing of windows… there are none of these “sucker” rates.  Zero.
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tman23 (Dinar Guru) – Do not know why [Randy] Koonce would say there are no 50k notes…Yes they have not released them…BUT…Central Banks do not advertise to their citizens a NEW NOTE and describe the NEW SECURITY FEATURES unless they are ready for release… And there will be no sucker rate… I can bust that theory in a hundred pieces of why it can’t… But I do agree that from 12/15 -1/10 …The window is open to show itself…and that window will close fairly quick…and the suckers will be the ones the window closes on.
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Randy Koonce (Dinar Guru) – If you want to try and follow anything in the paper there is only 2 things that matter and that is the tariffs and the payment of Salaries these things have never happened.   Before they collect the tariffs they need the RV,  before they pay the Salaries they need the RV,  before they Pay any country with other than oil that they already have dedicated they need the RV.  Kurds have not been paid…  I do not post unless there is a chance for it to happen… and we are in a window until Christmas...  Just remember it is not a matter of If just a matter of when…this is set to go at anytime, but the political figures involved IRAQ and Obama have to say go.  On the Rate it will come out 1 to 1.  Obama would not sign off on their budget rate…creating a provisional budget for Iraq…at the dollar rate…  120 to 160 days after the rate will RV again… to the 3 dollar rate...the reason for this is to get all the people out that have 1 mill or less to dump there dinar at a low rate... thus preventing a wealthy class.  We are close.. Every large bank will exchange. RELAX the RV is coming…Breathe…   [post 2 of 2]
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Randy Koonce (Dinar Guru) – I am sending a note out to give everyone an idea of the place they are in. There is a little window that is open between now and Christmas.  I know everyone wants to have a back door but there is no such thing, can anyone say why, well because this is just an RV that is controlled by Iraq and Iraq alone…  There is no Global reset that we are waiting on we are not waiting on China or any other country Just on Iraq to RV their currency…China becoming a reserve currency has ZERO to do with the RV…  I will talk about the 2 monkeys in the room… the 50K and the 100K notes. First off there is no new Bills anywhere… the article about the big bills is 6 to 7 years old and resurface ever so often.   Since I have been in the dinar I have seen the articles at least 4 times.  Please keep in mind ALL BILLS have been printed since 2004 there is no new currency. When articles mention NEW currency it is the low bills and that is all…I have contacts in local banks in Baghdad and they did not receive any large notes…  [post 1 of 2….stay tuned]
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Millionday (Dinar Guru) – [can they really wait another month?]  THIS IS IRAQ AND THE PROCESS NEEDS TO BE VERY ACCURATE – SEEMS LIKE THE MOVE TO THE MARKET SHOULD BE DONE PERFECTLY WITH NO MISTAKES.  THEY HAVE CALLED FOR THE ECONOMIC LEGISLATION THOUGH AND THE 2016 BUDGET BEING DONE — WE HAVE TO WAIT BUT THINGS ARE LOOKING VERY ENCOURAGING IMO.
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Kaperoni (Dinar Guru) – Article:  “The issuance of new currency category 50 000 … do you raise the value of the dinar or reduce it?” …I  recall a chart…that showed the physical notes in circulation. The 250, 500, 1000, 5000 were minimal compared to the 10k and mainly 25k’s. These 50k’s will be used IMO to reduce the 25k’s. If you think about it, if the majority of notes are 25k, and you can cut the amount in circulation by 50%, that is substantial. I have stated before and will again…I think this is a way to reduce the notes, and strengthen the dinar in the market (reduce the spread and create demand) before they move to the float and begin to allow the value to rise. I think we can say with some certainty that the CBI and IMF are now working not only to overcome the one remaining restriction (2% spread), but move the banking system to the next level which is what we all want. I do not believe that is as far off as some believe… remember the IMF only signed a one year deal to help.
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Iraqi Dinar/Dollar auction (most recent listing) 12-01-15 

Currency Auctions Announcement No. 3085

This daily currency auction was held in the Central Bank of Iraq on the 12-01-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Enorrste (Dinar Guru) – This will reduce the total value of the money supply from 40 trillion dinars to 40 billion dinars over time.  In the process of reducing the value of the money supply the value of an individual dinar rises.  It is this rise that will increase demand for dinars as opposed to dollars.  The savy Iraqi will see that, over time, he gets “more bang for his dinar” than he does for his buck.  It is through this second method that the CBI will raise the value of the dinar.  The introduction of the 50k note in and of itself has no affect on the value of the dinar… It is only the second action, a further reduction in paper and value of the total money supply, that will raise the value of the dinar and through that process reduce the demand for dollars. As the demand for dollars is reduced the reserves of Iraq are made more secure, which will also help support the rising value of the dinar.  [post 2 of 2]
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Enorrste (Dinar Guru) –  …the CBI plan is two-fold:  first to reduce the paper count from 4 billion notes to 1 billion notes: and second to reduce the total money supply from 40 trillion dinars to 40 billion dinars. The introduction of the larger 50k and 100k notes in itself only deals with the first objective, reducing the paper count.  However, this alone would not reduce the paper from 4 billion pieces to 1 billion.  At most it might reduce them from 4 billion to 2 billion, and probably not even that much since there are also the 1000, 5,000, and 10000 dinar notes in circulation.  Therefore, in addition to the even exchange (two 25k notes for one 50k note, for instance), the CBI will also be reducing the circulation even farther by removing 25k notes directly from the market.  [post 1 of 2….stay tuned]
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Millionday (Dinar Guru) –  THE MOVE NOW IS TO GO FORWARD WITH ALL REFORMS AND SADR REAPPEARS ASKING FOR ABADI TO MOVE FORWARD WITH THEM NOW AS WELL.  THE REFORMS ARE CONSTITUTIONALLY COMPLIANT — THE CONSTITUTION GIVES THE RIGHT TO IRAQIS TO FLOURISH AND THE PROMISE OF THE GOV TO MAKE THAT POSSIBLE.  SO THE MOVE NOW IS ITS DEVELOPMENT AND RELATIONS WITH THE WORLD — EXPANDING REFORMS AND OF COURSE ACTIVATING THEM THROUGH THE LEGISLATION CALLED FOR AND THE HARD WORK PUT FORTH.  [TIME FOR AN RV TRAIN? NO DATE OR RATE OF COURSE…]   I DON’T KNOW THE DATE BUT HEAR SOMETHING AROUND THE BEND.
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DinarUpdates.com News Time Chat 11-30-15 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: BARZANI AND OBEIDI MET

Millionday: Defense Minister Khaled al-Obeidi agreed with the security of Iraq’s Kurdistan Regional Council adviser on the importance of continuing the exchange of information between the two parties in order to coordinate the highest and the largest between the armed forces and the Peshmerga.

According to a statement of the Ministry of Defense «morning» received a copy of that Obeidi pleased Barzani met in Arbil and discussed with him the military and security plans prepared for the Liberation of Nineveh province, of Daash gangs.
Millionday: to that praised the Army Chief of Staff Agency Lt. Gen. Othman Ghanimi victories achieved by our armed forces in collaboration with members of the clans those who care about and the liberalization of the village of Albu-life and the return of displaced families
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Read More: http://www.dinarupdates.com/showthread.php?25883-Millionday-late-newstime-11-30-15
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Mnt Goat (Dinar Guru) – Article quote:  “Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes…   The plan is set to be implemented by 2017 after restructuring dinar by issuing two large banknotes — a 50,000 dinar note before the end of this year and 100,000 banknote next year and canceling small ones”.   So what does this tell us? It tells us they are right on track with their plan for currency reform when the 50k notes was launched (in November just before the end of “this” year – 2015)...   …there is a lot good news and its is all still pointing us in the right direction. It can only get better as time progresses. Like a detective searching for clues this RV saga can be exciting too. Let’s see what happens next as we enter the last month of December and then 2016.
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tman23 (Dinar Guru) – One of the things that troubled me was folks saying…Oh if it comes out at 67 cents I will wait 30 days …And my point to everyone is beware of the options or what could happen…Because everyone is calling for a rate…I am saying they can do it and RV but it would be a short window to exchange because there are no lower denoms…So if you missed the 67 cent window…you may get a 1.50 window but without the 3 zeros in the exchange rate.
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Poppy3 – NOTHING IRAQ HAS DONE FOR 3 MONTHS EVERY MEETING, EVERY DAY, THEY WOULD NOT NEEDED TO DO IF THEY WHERE NOT PREPARING TO RAISE THE RATE OF DINAR AND JOIN THE GLOBAL MARKETS. …NOT ONE THING WAS NEEDED EXCEPT TO GO GLOBAL.
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DinarUpdates.com News Time Chat 11-30-15 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: I DON’T SEE ANYTHING THAT WE DIDN’T TALK ABOUT YESTERDAY SO LET ME KEEP LOOKING

Millionday: LET ME CHECK THE FORMAL SITES FOR ANYTHING ADDED

maine: so what do we make of this news blackout?

Millionday: I LIKE IT WITH A THREE DAY HOLIDAY COMING TO THEM
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Read More: http://www.dinarupdates.com/showthread.php?25883-Millionday-late-newstime-11-30-15
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firefly (Dinar Guru) – NOBODY knows the date but I’m sticking with TIMING!   Iraq needs to make certain that all the numbers are correct. One glitch  could be disastrous for them and the countries that support them…so yes TIMING.  And IMO the clock is about to strike 12.  [so timing = when they’re good and ready.]  IMO they ARE ready.
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