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…

Philippians 3:13 (NKJV)

13 Brethren, I do not count myself to have apprehended; but one thing I do, forgetting those things which are behind and reaching forward to those things which are ahead,

Heavenly Father, Thank You for Your Grace & Mercy! By Your grace and mercy, we forget those things which are behind and reach forward to those things which are ahead. 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 – 12.03.2015 

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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Kaperoni (Dinar Guru) – “CBI Currency auction 12/3/2015”   Today’s auction was only $2 million sold at 1166/$1.  Normal auctions have been $170 million or more.  Something is clearly going on…  
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firefly (Dinar Guru) – The rate change in the CBI is HUGE…the program rate is gone…they are no longer on the program rate, meaning the CBI cannot hide figures any longer!   the 1st step to the reform has begun IMO…Dec will be VERY exciting !
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Enorrste (Dinar Guru) – I like to think of this as “backing up to leap forward.”  I sincerely feel that this is a repositioning that is being made just prior to an official change of the exchange rate regime to a float. Think about it this way:  if they move the official rate closer to the street rate then there is less stress on the official rate and a lower chance that it will fall, rather than rise, when the exchange rate regime moves to a float.  In other words, it is a stress relief measure just prior to the official release to a float.  That is how I see it.  Bottom line:  all good!  [post 2 of 2]
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Enorrste (Dinar Guru) – “New exchange rate from CBI”  This minor adjustment does not concern me even one small bit.  In fact…this appears to be a “repositioning” for the takeoff.  The 1% drop is insignificant in the long run but it does help to adjust the official rate closer to the street rate.  …I doubt that the IMF would suspend its own rules for Iraq on the 2% requirement for 90 days.  Therefore, I conclude that the IMF itself made this recommendation to the CBI, even though reluctantly…   In doing so it positions the CBI to be able to meet the IMF guidelines and may actually improve their financial position slightly by reducing the auction some.   [post 1 of 2….stay tuned]
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Okie_Oil_Man (Dinar Guru) – I just spoke to Okie and in his indelible style, he said his plane has landed but the canopy is stuck…however the mechanic is on the way! No more flight plans need to be followed/ submitted! Okie is on the ground waiting for the canopy to open and follow ground instructions…nothing more nothing less.  Okie is simply waiting like the rest of us! Everything is sorted, all is signed and there is absolutely nothing left to do but feast. We wait to eat…PERIOD!
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Iraqi Dinar/Dollar auction (most recent listing) 12-03-15 

Currency Auctions Announcement No. 3087

This daily currency auction was held in the Central Bank of Iraq on the 12-03-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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tman23 (Dinar Guru) – Abadi is on the HOT SEAT… The political resistance is growing against him as they can win the crowd of demonstrators as nothing changes.  And June is another promise that would be broken (guaranteed !!).   The citizens IMO are not going to wait until June for the “elusive reforms” that only show in talk and on paper. Abadi needs to announce his second phase and it needs a positive impact on the streets…more importantly in the pockets of the citizens…IF NOT…the GOI under Abadi will lose and lose big!
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Frank26 (Dinar Guru) – …yesterday they decreased the street rate of 1214 to match within a 2% which is in Article 8 compliance…they are out of Article 8 but the rate must make it official before they tell you… The IMF who tells all countries what to do with their currency..print, destroy…increase their rate, decrease…this I think is the last demand they had on the Iraqi currency…you have to be within 2% compliance of that street rate…we will help you but you have to be ready by the first quarter 2016 otherwise it does not work.   [post 2 of 2]
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Frank26 (Dinar Guru) – One thing the IMF told the CBI in order to be in compliance with Article 8 you must be 2% of your CBI rate within the market rate…commonly known as the street rate…so they brought the rate down…they brought the street rate down to make it Article 8 complaint with a 2% movement….look at 1166 what is 2%…23.32…add that to 1166…it comes out to 1189.32…what is the rate that the CBI put out today…1180 to 1182 up to 1214…1214 is the street value…1189 is the 2% compliance…they are moving from the RI to the RV…this is started…it is public…   [post 1 of 2….stay tuned]
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Millionday (Dinar Guru) –  THE REMOVAL OF THE THREE ZERO CURRENCY IS A DIRECT RESULT OF THE NEW VALUE AND INTERNATIONAL RATES — IT IS NOT TWO DIFFERENT STEPS — IT IS A RESULT IN WHAT CURRENCY IS NEEDED TO BUY THINGS AND THE INTERNATIONAL INVESTORS INTEREST TO GIVE THEM BACK.  KNOW IT IS NOT TWO DIFFERENT THINGS — ONE IS NOT DONE BEFORE THE OTHER — IT IS A RESULT.
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tlm724 (Dinar Guru) – Any movement is awesome!  This just proves that the IMF has their hands deep in this… This movement (loss in value) pushes the IQD closer to IMF compliance! We are so fortunate to witness this movement as Iraq is actually making the necessary changes to their monetary and currency reforms!   The fact that it moved 16 pips is indeed a huge change for all of us! I am most excited!  It moved! This also will make the citizens dump their dinars and thus creating less dinar on the streets and keeping speculators at bay, they won’t like this and will act just like dumping bad stocks!  This is actually a brilliant move…and comes on the heels of deleting the zero’s IMO.   I don’t think 50 k note will come out! Can’t wait to see what comes next!
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firefly (Dinar Guru) – HUGE meeting last Nov 10th. Parliament reconvenes on the 8th. Tarriffs and taxes to be implemented on the 15th…I’m expecting Dec to be a VERY exciting month.
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wmawhite (Dinar Guru) – …the need for a particular type/size of currency is directly related to the costs of goods in a country. The value of the country’s currency directly affects the costs of goods in that country. So the size of the currency is indirectly related to the value of the currency.  I have been trying to get folks to stop getting hung up on the size of the currency because, we will be Loooong Gooooone by the time all of the notes (LDs) are distributed because the new value of the IQD will need many many months to work its way through all of the Iraqi economy.  Iraq is joining the world economic markets not the “in-country exchange window” market.   Please stop thinking that [what] Iraq does in-country has anything to do with the world markets.
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