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…
Colossians 3:23 (NKJV)
23 And whatever you do, do it heartily, as to the Lord and not to men,
Heavenly Father, Thank You that Jesus is our Peace! We pray that whatever we do today that we do it as unto You, Lord 🙂 In Jesus Name, Amen.
Mrs. BGG
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CURRENCY CODE SELL BUY
Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1252.920 | 1252.294 |
| British pound | GBP | 1782.220 | 1781.328 |
| Canadian dollar | CAD | 883.937 | 883.495 |
| Swiss franc | CHF | 1148.911 | 1148.337 |
| Swedish krona | SEK | 135.959 | 135.891 |
| Norwegian krone | NOK | 136.164 | 136.096 |
| Danish krone | DKK | 167.948 | 167.864 |
| Japanese yen | JPY | 9.598 | 9.593 |
| Special Drawing Rights |
SDR | 1623.973 | 1623.161 |
Indicative rates – 12.08.2015
http://www.cbi.iq/
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I believe in getting into hot water; it keeps you clean. – G. K. Chesterson
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*** Current Posts ***
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Frank26 (Dinar Guru) – Let’s look at December a little closer…the IMF told Iraq we are going to help you with…security, loans…everything… when we go into the first quarter of 2016 according to the contract you just signed with us you will be of international status…Article 8 compliant…you will have a currency with a new rate…after all that is what the contract says that you signed…well this looks like what they are doing… Dec 15th…what about this date…now this might melt into Dec 16th or Dec 17th…we aren’t sure but that is the date frame that we believe the taxes and tariffs to be implemented at the borders of Iraq…will they be implemented with new codes and a new rate? …from the 15th to the 17th…will tell us an awful lot…we need to see a change in the rate in this time frame…if they don’t they’ve lost the opportunity for the taxes and tariffs and with this 2% compliance that IMO equals a float. I mean golly…why swim half way across the English Channel only to swim back. [post 1 of 2….stay tuned]
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Poppy3 (Dinar Guru) – THINGS LOOKING VERY GOOD. EXPECT RV IN OR BY THE FIRST. CONSIDER THE FACT THAT EVERYDAY FOR MONTHS NOW ABADI HAS BEEN ON TRACK AND PUSHING EVERY BUTTON TO MEET THE RATE ASAP. NONE OF ANY OF THE THINGS THEY ARE DIRECTLY FOCUSED ON WOULD BE NEEDED AT ALL EXCEPT TO RAISE THE RATE OF THE DINAR. NOTHING NOT ONE THING THEY HAVE DONE NEEDED TO BE DONE IF THEY WHERE NOT GOING TO RAISE THE RATE...THIS WEEK IN THE PAPER AND TV NEWS IN IRAQ THEY WILL HAVE MORE BUYING POWER THIS YEAR. HE ALSO ANNOUNCED THAT LOWER DINAR WAS BEING DISPENSED TO ALL BANKS. HOW MUCH CLEARER CAN THEY MAKE IT. ITS BEGINNING TO LOOK LIKE A VERY HAPPY NEW YEAR AND MAYBE A VERY MERRY CHRISTMAS.
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firefly (Dinar Guru) – [Have you seen any current information on the taxes and tarriffs going into effect on december 15th?] All I KNOW is it HAS to be VERY soon. Have faith, we are oh sooooo close.
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wmawhite (Dinar Guru) – It is true…that individually we do not know when…but we have been that the IQD will change in value…and the IMF has told the world what their expectation is. The IMF stated 3 weeks ago concerning Iraq: he stressed that Iraq will return to economic market during the first half of next year.
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Kaperoni (Dinar Guru) – Article: “Search our economy unique to the deployment of the central bank governor on the sale of currency and monetary reserve Iraqi window” …the CBI is trying to demonstrate they can manage the currency within the guidelines of the IMF. If the CBI can’t maintain a spread through the daily auctions (a sort of supply and demand) in a closed system, how in the heck would they ever manage the dinar when it floats worldwide via true supply and demand? …under Article XIV, the CBI is learning how to manage an exchange rate. It is in the CBI’s best interest to achieve the goals set forth by the IMF so they can join the big boys. It is in hope that happens by sometime next year.
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Poppy3 (Dinar Guru) – FULL PARLIAMENT IN SESSION ON THE 8TH. AGENDA WILL BE SET IN THE MORNING. COMMITTEES AND TEAMS HAVE BEEN MEETING FROM THE FIRST DAILY. HOPE ALL COMMITTEES FINISHED THEIR DUTY. [Do you foresee a lot of stuff getting done between now and new years?] YES I DO LOTS OF MOVEMENT.
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DinarUpdates.com Afternoon Chat 12-08-15 PM
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com w/BGG!!
popeye7 says to tman23: And IMHO they will need a internationally acceptable currency before the 1st of the year to get it going in the right direction…. This investment is about to pay off despite all of the turmoil, and misinformation in that area…
dwightj says:
thats strange it is not the 5th yet not even there
Baxter1243 says:
I dont believe after all that I have read… that they can go international with their rate… without being in Article 8…. just my opinion…
DiagyAAAE says:
BAX you causing trouble again?
Baxter1243 says:
No….. not at all… I just dont think they can…
tman23 says to popeye7:
When Iraq takes the IMF money this round, along with japanese loans……. I do not believe they are going to be afforded the luxury of double book keeping…….. and the manipulation of the market through the 3 zeros……..
dwightj says:
bax that is true.
BGG says:
What is curious – the market rate is actually a tiny bit stronger… 1212 – and the number they are selling for “appears” weaker… 1182 – the real story here is…
popeye7 says to tman23:
Yep… Drop em declares the IMF… And they will comply…
BGG says:
in one fell swoop – they just complied with IMF 2% Market/Sell rate guidelines… which I have said would happen all along. When it is time – they will “magically” be in compliance… which they are now – BOOM.
BGG says:
AND –
_firefly_ says to BGG:
All about timing my friend !
BGG says:
my next “prediction” is – they will be given some “waiver / variance” to IMF regulations… (for instance, the 3 month compliance timeline…)
LLN65 says: BGG – nice I am liking your prediction 🙂
wmawhite says to BGG:
I don’t know…howver, won’t doubt if that is a part of the current MOU.
dwightj says to BGG:
sounds good to me we wait
Baxter1243 says:
BGG… there is a paragraph that says the IMF does have the power to waiver the 90 days
tman23 says to BGG:
I agree…..as it immediately avoids the chance for market speculation ….
Baxter1243 says:
with all things considered.. they just may
BGG says to Baxter1243:
Imagine that!! I believe they can and will…
popeye7 says to tman23:
Yep… Poof.. Here it is…
BGG says to Baxter1243:
this recent “adjustment” seems a little convenient… they haven’t been able to get that under control – and now, for no identifiable reason – there it is.
DiagyAAAE says:
Why is it when BGG does RV talk, everyone agrees with him… LOL ya’ll are funny!!! BGG not to say that I don’t agree with you. You have alot of pull sir! 😀
Baxter1243 says: BGG….. IMF kind of made them do it… My opinion
popeye7 says to LLN65: Hello. and how are you?… Thanks for your support on this site…
dwightj says to BGG: my understanding is that the market rate can move up or down as long as it stays within the 2%
BGG says to DiagyAAAE: Because I don’t make $4!t up… I comment on what everyone should be able to see… 😀
DiagyAAAE says: (lol)
BGG says to DiagyAAAE: and I’m not talking RV – but this is a very curious development.
LLN65 says: BGG – like over and over and over and over again 😀 you think we’d get it
BGG says to DiagyAAAE: BTW – the spread has gotten 2 Dinars better since this “got off the ground” on Dec 1st…
wmawhite says to BGG:
Exactly………..and we want to know what happens as Iraq re-enters the global markets during 2016.
DiagyAAAE says: Well i dont think anyone else specifically calls RV either but they get jumped on. I just noticed no one will agree to disagree with you! I love it! And you are always spot on with your comments
popeye7 says to LLN65: Terrific… Enjoying all of the convo on this site… Even if at times it does get a little spicy… LIke someone once said… If everyone is in agreement with each other, there is not a whole lot of thinking going on…
BGG: (Gen. George S. Patton)…
LLN65 says: popeye7 :D true spicy and dicey
tman23 says to DiagyAAAE: I emphatically disagree with everything BGG is saying…….LOL !! Does that help ? LOL
Read More: http://www.dinarupdates.com/blog/
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Millionday (Dinar Guru) – Article quotes: “Executive Director of the Association of Iraqi private banks Ali Tariq that the third conference to be held by the Association in the 12 and 13 of this month in Baghdad…will chart the work of private banks map in Iraq in the coming year” THIS…WILL BE THE ROLES OF ALL BANKING FOR THE NEXT YEAR…THIS IS NOT FOR
RECOMMENDATIONS…IT IS THE ACTUAL PLAN TO BE DONE — THE MAP. THE MERGE OF BANKING — ISX — PRIVATE SECTOR AND PUBLIC WILL ALL BE DONE ACCORDING TO THIS AND THE CONFERENCE. THE BANKING CONFERENCE WILL BE GIVING OUT ALL THE ORDERS FOR ALL BANKS TO DEVELOP IRAQ AND MAKE ALL MOVES THAT ARE PLANNED FOR 2016.THIS IS THE ENTIRE DEVELOPMENT OF THE BANKS TO GO TO A MARKET ECONOMY. THIS IS HUGE...
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rcookie (Dinar Guru) – Article: “Iraq follows (95) Convention of economic cooperation with the countries of the world” IRAQ HAS AGREEMENTS WITH OVER 95 COUNTRIES IN THE WORLD FOR INCREASING TRADE VOLUME AND DEVELOPING ECONOMIC TIES…FOSTER ECONOMIC DIVERSIFICATION.
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Kaperoni (Dinar Guru) – Article quote: “…the Iraqi Central Bank Governor d. Ali Mohsen Keywords that the cash reserves of the Central Bank is still good, according despite all appearances and challenges that surround the economic, financial and monetary reality in the country with international standards…” I still find it sorta funny how the Iraq’s keep asking for help, yet do nothing themselves. Much of this would be a non-issue if they would just pass the laws to get the market economy going. Nobody is going to do that for them. …these laws are in the hands of parliament and for whatever the reason (and against the desire of the citizens) they don’t get passed.
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Iraqi Dinar/Dollar auction (most recent listing) 12-08-15
Currency Auctions Announcement No. 3090
This daily currency auction was held in the Central Bank of Iraq on the 12-08-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 25 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 191,667,412 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 191,667,412 |
| Total offers for selling (US$) | —– |
More: https://dinarupdates.com/observer/
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Mnt Goat (Dinar Guru) – Rumor: The CBI must find a way to increase the value of the dinar over the US dollar. There are many rumors this had already been done…thinking it is already on some kind of a “float” and it is just going to “float” to the value we need (1:1). Really? They forget one thing though – its not yet international? Remember …when they do achieve a 1:1 value this…will NOT BE THE RV. The full blown RV comes later to bring the true asset backed value to their currency but first they MUST be able to control it inflationary value at par to the US dollar (IMF mandate). Many events seem to converge on the month of December and so let’s pay close attention to what is happening this month. I believe this will be a very significant month. The reform process is actually a 2 year process and once stopped it is like stopping a train and so the start it again it takes effort and time. But the train is rolling once again and picking up momentum. It is almost at its destination… [post 2 of 2]
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Mnt Goat (Dinar Guru) – Rumor: The Lower denominations are being launched in regions in Kurdistan. THERE ARE NO LOWER DENOMINATIONS BEING LAUNCHED IN IRAQ! ..in order launch the lower denominations they must need a significant increase in the value of the dinar first. These two events MUST coincide within hours or days of each other. Clarify confusion and rumors over the launching of the new 50,000 notes a couple weeks ago: …common sense tells us these lower denoms and 50k notes are really meant for use only after a significant increase in the value of the dinar. …the FIRST launching was a flop? Maybe they plan to first RV prior to re-launching the 50k notes in 2016? Don’t forget they also keep telling us they fully intend to launch the new 100k notes in 2016 too and also even a new 500 note. Surely they will not do this either without an RV. [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) – I continue to be reminded of the document we reviewed over a year ago from the IMF titled “from fixed to float” (in the Research Library) and the two ways the CBI could exit…either “orderly” or “disorderly. ” After everything that has gone on the last few weeks with the CBI, monetary policy, the critics, etc.. it sure seems “disorderly” (remember a disorderly exit is more out of necessity, which seems to be the case) to me. Guess we just continue to watch it unfold.
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DinarUpdates.com News Time Chat 12-07-15 PM
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: WELCOME TO NEWSTIME EVERYONE
Millionday: Handed over to the economic and investment commission parliamentary project sovereign wealth fund law to the government because of its importance in avoiding any emergency economic crisis.
A member of the committee MP proof Almamori “morning”: that the Commission recognized the draft law to the government with all the details of the founded and over its importance to the country if passed.
Millionday: NOTE — THIS IS COMMON IN ALL COUNTRIES AND IS GREAT NEWS — IT COVERS NEEDED EXPENSES WHEN PROBLEMS OCCUR
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Read More: http://www.dinarupdates.com/showthread.php?26240-Millionday-newstime-12-7-15
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tman23 – Certainly Iraq must make changes… But with the kidnappings etc…etc… You have to ask yourself…How fast can they open a market economy and build infrastructure without foreign labor? Because right now skilled foreign workers are not going to flock to Iraq. Abadi needs to deliver something big…bigger then austerity and broken promises. Quite frankly he needs to pull a rabbit out of his arse at this point.
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rcookie (Newhound Guru) – Article: “Parliament session for tomorrow devoid of the budget law” BUDGET NOT GOING TO BE HEARD IN TOMORROWS SESSION.
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Poppy3 (Dinar Guru) – I AM VERY EXCITED FOR NOW THROUGH THE FIRST OF JAN. THINGS ARE AWESOME AND THE IRAQI PEOPLE ARE EXCITED...ABADI HAS TOLD (PROMISED ) THEY WILL HAVE MUCH MORE BUYING POWER.
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