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 34:8 (NKJV)

8 Oh, taste and see that the Lord is good;
Blessed is the man who trusts in Him!

Heavenly Father, You are Good! We trust in You 🙂 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 – 12.10.2015 

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No matter where or what, there are makers, takers, and fakers. – Robert Heinlein

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*** Current Posts ***

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OOTW (Dinar Guru) – I DON’T KNOW IF ANY OF YOU ARE AWARE THAT TRADE HAS BEEN THWARTED IN PART BECAUSE OF A LACK OF PAVING – BECAUSE OF THIS, MANY CANNOT PARK TRUCKS (AS WELL AS OTHER TRANSPORT VEHICLES) IN ORDER TO DELIVER GOODS VIA THE PORTS…I’VE BEEN WAITING FOR THIS…   Press Release:  “Controls for the implementation of construction of new berths for ports, rehabilitation and operation of the pavement, which had previously been rehabilitated in addition to the rehabilitation and development of squares and equipment and human resources in Iraqi ports…”  IT’S GREAT TO SEE THIS.

BGG ~ Seriously?!? Paving??… and this is related to the Dinar HOW AGAIN??

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Millionday – THIS IS DISCOVERED THROUGH THE GLOBAL PRICING INDEX (INTERNATIONAL EQUATION). THEY HAVE DECIDED THAT STARTING A LITTLE HIGHER WILL PREVENT MANY ADJUSTMENTS IN THEIR CONSTANT MONITORING. THEY HAVE DECIDED THAT THE SELLING PRICE AT THE AUCTIONS WILL NOT BE A SCHEDULED PRICE BUT WILL BE CREATED IN THE NORMAL EQUATION AND HOW SUPPLY AND DEMAND DETERMINES IT.  SO THE WAY THIS WILL BE DONE WILL BE ECONOMICALLY SOUND AND DUE TO THE ACTUAL EQUATION REQUIRED — THIS WILL LEAD TO A STABLE EXCHANGE RATE IN THE GLOBAL MARKET.  LETS WAIT AND SEE WHAT COMES FROM THIS AND HOW SOON URGENT IS — BUT OH HONEY!!   [post 2 of 2]
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Millionday – THIS IS FROM THE ECONOMIC GROUP FORMED FOR THE DEVELOPMENT OF THE ECONOMY AND INCLUDES THEM — IT IS ACTUALLY A HUGE GROUP OF EXPERTS — PLANNERS — ECONOMERS AND OF COURSE INVOLVES CBI AS WELL — THE HUGE ECONOMIC DEVELOPMENT GROUP FORMED YEARS AGO.  Article quote:  “…there is an urgent need for action to raise the value of the dinar in the exchange market through direct and constant intervention of the Central Bank of Iraq…”    DUE TO ECONOMIC ANALYSIS — THE RESULT IS THAT IT IS URGENT TO REVALUE THE UNDER VALUED DINAR AGAINST INTERNATIONAL CURRENCY AND THE VALUE WITHIN THE COUNTRY.  THIS ALL HAS TO BE DONE AT ONCE AND IS DONE THROUGH THE NATIONAL MARKET VALUE…   [post 1 of 2….stay tuned]
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OOTW (Dinar Guru) – WE HAVE GREAT FORWARD MOVEMENT IN PRIVATE SECTOR DEVELOPMENT, WORKING TO INTERNATIONAL STANDARDS…THE CBI IS WORKING WITHIN IMF STANDARDS TO MAINTAIN 2% COMPLIANCE AND NOW WE HAVE THE MONEY LAUNDERING ACT IN THE GAZETTE.  I SHOULD HAVE SAID THE CBI IS WORKING TO ACHIEVE THE 2% SPREAD, OR THEY ARE AND THIS NEEDS TO BE CONFIRMED.  I’M LOVING THE NEWS.

BGG ~ They are within IMF guidelines – and have been since Dec 1st or so…

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Poppy3 –  I TALKED WITH A BAGDAD FRIEND…AND HE IS STILL SAYING THAT A NEWS PAPER ARTICLE THERE STATED LOWER DENOMS…ARE BEING DISTRIBUTED TO ALL BANKS LAST WEEK BUT NO DATE ON WHEN THEY ARE TO BE INTRODUCED TO THE PUBLIC.  GOOD THINGS ARE ABOUT TO HAPPEN.
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OOTW (Dinar Guru) – “Our Certification Mark Once certified, clients can display our Certification Mark to promote and demonstrate compliance with international standards”  THIS IS FURTHER EVIDENCE (VIA THE MINISTRY OF TRANSPORT) THAT IRAQ IS WORKING TOWARDS PRODUCING AND SHIPPING GOODS TO INTERNATIONAL STANDARDS.  MAY NOT SEEM LIKE MUCH, BUT THESE TYPES OF STEPS ARE EXACTLY WHAT WE NEED TO BE WATCHING FOR, ESPECIALLY CONSIDERING THAT THE CURRENT LEGISLATION OF THE 2016 BUDGET STATES THAT THE GOI PLANS ON IMPLEMENTING THE TARIFF’S IN 2016.
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Iraqi Dinar/Dollar auction (most recent listing) 12-10-15 

Currency Auctions Announcement No. 3092

This daily currency auction was held in the Central Bank of Iraq on the 12-10-2015

The results were as follows:

More: https://dinarupdates.com/observer/
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BGG – [IYO, what does the window look like to you?]  CBI market/sell rate is in compliance with IMF guidelines – miraculously… AND there has been an obscure caviat to the IMF 3 month “waiting period” under such compliance before moving to next step…which I said would happen.  PLAINLY…when it’s time – they will have everything in place to go. I will just leave this here…
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tman23 – “Iraqi Official Gazette published the fight against money laundering and the financing of terrorism law”  …we have an official posting in the Gazette of the AML [Anti Money Laundering].  The debate of it had been published and is law is over.  It has now been published…
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Enorrste (Dinar Guru) – ..some laws still need to be in place and…investment won’t come in prior to changing the exchange rate regime.  It’s like the chicken and the egg story:  which do you do first?  It seems to me that without a floating and internationally recognized currency the investment won’t come to Iraq in any significant way.  At the same time, it is the foreign investment that will be the driving force to raise the value of the dinar.  Thus I conclude that the IMF/CBI has concluded that they will have to have a “dirty exit” in order to get the investment started.  Let’s just hope I’m right….   [post 2 of 2]
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DinarUpdates.com News Time Chat 12-09-15 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: WELCOME TO NEWSTIME EVERYONE

​Exciting Snippet from Page 2:

Millionday: INSTEAD OF JUST WORKING ON REMOVING TWO DECIMALS — THEY WILL GO WITH THE EQUATION RESULTS

Holly1: what does that mean please

Millionday: GOOD GRIEF THIS IS SO EXCITING I CANT BELIEVE IT

Millionday: IT MEANS THAT TO Support the local currency strengthens international role AND THEY HAVE FOUND IT URGENT TO REVALUE THE DINAR BOTH IN THE COUNTRY AND OUT

Read More: http://www.dinarupdates.com/showthread.php?26458-Millionday-News-12-9-15
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Enorrste (Dinar Guru) – Article quote:  “but who got to the monetary authority continued to approach raising the value of the dinar against the dollar (ie reduce the value of the dollar denominated in dinars) after the decline in the rate of inflation and to control it and install the official exchange rate at a level may not necessarily reflect the level of equilibrium in the market.”  The author appears to be asking the rhetorical question:  Who decided to place the rate artificially low at 1166 to 1?  His unstated answer is clearly that the CBI itself has done this.  His opinion is that the time has come to let market forces begin to work through the Iraqi economy so that the value will rise, which he clearly expects will happen.  It is my opinion that this is, therefore, a “setup” argument for what the IMF/CBI plans to do shortly after the beginning of the new year:  float the currency officially.  [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) – [so why do they join the WTO…IMF is going to force IRAQ to join?]  The IMF does not force any country to do anything…however, if a country wants the IMF’s “Good Housekeeping Seal of Approval”…then a country must follow the requirements (articles) of the IMF.
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Poppy3 (Dinar Guru) –  LIKE I SAID I BELIEVE RATE TO BE VISIBLE AND USABLE BY OR BEFORE JAN 1.
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DinarUpdates.com News Time Chat 12-09-15 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: WELCOME TO NEWSTIME EVERYONE

RickeyT: 2 decimals?

Millionday: INSTEAD OF JUST WORKING ON REMOVING TWO DECIMALS — THEY WILL GO WITH THE EQUATION RESULTS

Holly1: what does that mean please

Millionday: GOOD GRIEF THIS IS SO EXCITING I CANT BELIEVE IT

Millionday: IT MEANS THAT TO Support the local currency strengthens international role AND THEY HAVE FOUND IT URGENT TO REVALUE THE DINAR BOTH IN THE COUNTRY AND OUT

Millionday: IT MEANS ALSO

Millionday: WHOOOPOW
~~~

Read More: http://www.dinarupdates.com/showthread.php?26458-Millionday-News-12-9-15
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tman23 – What we do know is that they have made it very clear that they intend/need…the budget…passed before the first of the year.  What we do know is Shabibi had said the time to lift the 3 zeros is at the start of the fiscal year.  What we do know is the IMF, World Bank, and Japan are all loaning several billions of dollars…but to come after the first of the year.   And we know that this past March the CBI gave the green light to start the process to lift the 3 zeros…AND Shabibi said in his day that the plan was in 3 phases…each phase taking approx 6 months…IMO…the new year starts phase 3.
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Adam Montana (Dinar Guru) – [Could you please give us your thoughts on all of the turmoil going on in the mid east. What I am really interested in is if the fighting over there is a problem for the RV?]   My opinion on the turmoil stays pretty consistent – they will never stop fighting, regardless of the value of their money. They don’t fight for money, so it’s kind of irrelevant. Of course it makes a difference, but now that the GOI is reasonably stable, the CBI has a strong hold on the rate, Iraq is getting along much nicer with themselves… things are going well.
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Mnt Goat (Dinar Guru) – Many events seem to converge on the month of December, and in particular mid December, so let’s pay close attention to what is happening this month. I believe in retrospect we will say this was a very significant month.  I want to keep all of us focused on currency reform. Right now this is exactly what we should be watching in expectation of the launching of the lower denominations. Many sources have told me the plan of the CBI is to launch the lower denominations sometime before or by the end of the year. Will it occur? We can only wait and watch.  Our focus must be on the actions of these two agencies – the CBI and the Finance Ministry.
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Kaperoni (Dinar Guru) – Article quote:  “In response to a question from the hanger on the identification of a specific timeframe to close the currency sale of dollars in the central bank window replied, “that he once available other outlets to provide the dollar in the domestic market such as remittances from the outside to the inside or the export of goods or attract investment that will cover the market need of hard currency sales window will close.” This is a very key statement… In other words, until the laws are in place and the market economy begins to take off (creating an influx of foreign capital into Iraq), he will not float the dinar and end the currency auctions.   Unfortunately, it is painful to watch as we all know what they need to do to raise the value and all we can do is sit and watch.
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