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 – 12.11.2015 

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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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Stryker (Dinar Guru) – Article: “Parliament plans to vote on the budget next week” As you can see we are now seeing the word VOTE in the articles when it comes to the parliament budget sessions next week. The Budget is scheduled for Monday.
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Frank26 (Dinar Guru) – We got Dr. Shabibi back at the CBI…but is he in control of it…no not yet…why…they are under contract with the IMF and the BIS and WTO and these contracts IMO come to an end not at the end of the first quarter of 2016 but at the beginning…now the IMF I believe is going to work with them and give them until the end of the first quarter but the BIS and WTO…no…they want this now…and I think that Dr. Shabibi wants this now. …there will not be any new rate giving to you on the 15th…the tariffs and the codes are there already…instead we found out that on the 15th you will see a plethora of laws get activated and right around that corner these laws are for security and many reforms and the monetary reform is one of them.  So that little snowball that we call “when when when”…it is pretty big in its movement and fast…  
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Backdoc (Dinar Guru) – WHETHER YOU PUBLICLY SEE THE RATE TRADING IN DECEMBER OR NOT IT IS BEING TRADED AMONG BANKS.  NEXT WEEK WILL BE HISTORICAL!   IT WILL TRULY BE A DECEMBER TO REMEMBER! THEY WILL SHOW IT TO THE PUBLIC WHEN THEY ARE READY!
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Stryker (Dinar Guru) – Quote:  “According to a statement of the bank, the agency received all of Iraq [where] a copy of “The amount sold volume today totaled 168 million, and 984 thousand, and $ 140, priced at 1166 dinars exchange rate to the dollar…”  Even though the C.B.I. Currency Exchange Auctions List, the daily Currency Auctions Announcement No. document and the Exchange Rate Chart are all showing the rate to be 1182, the statements coming out of the CBI are still showing the auction price to be 1166.
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Poppy3 – …I BELIEVE RATE TO BE VISIBLE AND USABLE BY OR BEFORE JAN 1. THIS IS AND HAS BEEN MY OPINION AND WITH ALL THE POST THAT THE IMF AND CBI HAVE STATED HOW COULD ANYONE NOT SEE THIS THE SAME WAY?   EITHER THEY ARE DOING THIS OR NOT BUT I CAN’T SEE ANY REASON TO…KEEP CALLING THEIR RATE SITUATION URGENT…ANNOUNCING THEY HAVE DISTRIBUTED LD’S TO ALL BANKS ETC.   …ALL THESE STATEMENTS HAVE BEEN MADE BY THE DIRECT SOURCES…   I AM PLANNING ON A VERY HAPPY NEW YEAR.
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Kaperoni – Iraq…needs a banking insurance law.  This according to some previous articles should have been in parliament by now.  Hope to see it soon as it will stimulate the banking system and get the dinar out of the mattresses…not to mention support foreign investment.
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Poppy3 – [do you think the budget has to be opened before they go to market?]  NOT COMPLETELY NECESSARY BUT THEY SHOULD BE WITHIN HOURS OF EACH OTHER. [SO U THINKING THEY ALREADY KNOW THE RATES?]  WHEN THEY GET READY TO RELEASE A RATE THEY WILL CONTACT THE IMF AND THEY WILL APPROVE IT AND BAM THEY WILL RELEASE.   IM SURE THEY HAVE A RANGE OF THE RATE BUT FINAL APPROVAL WILL COME FROM IMF AT THE LAST SECOND BEFORE IT GOES GLOBAL.   HOLD ON PEEPS IT IS VERY CLOSE.  [post 2 of 2]
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Poppy3 – ..THEY ARE WORKING HARD MAKING GREAT MOVES AND WORKING FAST TO BRING US OUR BLESSING. WHEN THEY WORK FOR THEIR PEOPLE THEY ARE WORKING FOR U & ME. SUPPLY AND DEMAND WILL PUMP UP THEIR ECONOMY FAST AND MOVE THEM TO MARKET VALUE ON WORLD TRADE MEANING THEY WILL HAVE TO MOVE TO WTO FULL MEMBER FAST. THAT MEANS A NEW RATE LONG BEFORE THE JUNE 15TH DEADLINE BECAUSE IT TAKES 4 TO 6 MONTH TO BECOME A FULL MEMBER. LETS HOPE THEY ARE FURTHER ALONG WITH THE PROCESS OF QUALIFYING…  [post 1 of 2….stay tuned]
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Hub (Dinar Guru) – i dont personally have the foggiest, but my NYC currency broker said that he sees the rates just waiting for release and he also says he sees 10 currencies to be revalued.  …i dont know about any special rates…but the one factor that regulates all currencies in the world is how much work do you have to do to buy a can of coke...in the states you have to work a time equal to $1.40, in canada you work to a time worth $1.65 canadian, in mexico you work time worth 15 pesos. and so on and so forth. so the dinar should come in at the rate that is equal to the value of commodities in Iraq. when the same work does not buy the same product, the currencies are out of kilter, so this rv is to put the dinar in line with the rest of the trading countries.  
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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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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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