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…

Matthew 1:23 (NKJV)

23 “Behold, the virgin shall be with child, and bear a Son, and they shall call His name Immanuel,” which is translated, “God with us.”

Heavenly Father, Thank You for sending Your Son, Jesus! Thank You Jesus that You are Immanuel, “God with us”! 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 – 12.21.2015

http://www.cbi.iq/

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There is one source, O Athenians, of all your defeats. It is that your citizens have ceased to be soldiers. – Demosthenes

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*** Current Posts ***

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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Monday 12/21

Smart phone user link – Click here

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Mnt Goat (Dinar Guru) – Do they need a very significant increase in order to do this?  NO! All they need in-country is a value to the new dinar to be just over a dollar to create this incentive.  Is this the RV we have been waiting for?  NO! – this move to a 1:1 par with the US dollar is just an inflationary measure they will undertake. The full RV ($4.00+) we are waiting for will come later in about 7-14 days and will depend on how stable the economy is and how this whole process works out. It may take longer or it may be shorter.  I personally believe we may see the 1:1 value pop out as the lower denominations are circulated sometime before now and the end of the year. But I do not expect to be at the bank before sometime until mid to late January 2016.  [post 2 of 2]
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Mnt Goat (Dinar Guru) – We still await for the “official” word from the CBI to allow the distribution of the new lower denominations. We know this must first be accompanied with a significant increase in value and we are told it will be a 1:1 par value with the US dollar.  This is NOT the RV but an inflation adjustment and only an incentive to  “dedollarize” the economy and reverse the trend in demand from the US dollar to the Iraqi dinar thus increase the demand for the new lower denominations. This would thus allow Iraq to withdraw or “de-dollarize” their economy as they would suck up US dollars are replace them with the lower denominations. This would happen because the citizens would migrate towards the new dinar since it would be worth more than the dollar.  [post 1 of 2….stay tuned]
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Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Monday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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SteveI (Dinar Guru) – The news keeps getting better and better each day. Very soon you will get the best news yet!
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firefly (Dinar Guru) – CBI Announcement:  “The Ministry of Finance approved on 2015/12/16 conduct a public auction auction (Y16) for the sale of the treasury for their remittances (364) on 12.20.2015.”  “To / all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies(foreign exchange rate) 12/20/2015 Board Resolution No. (329) for the year 2015 (the exchange rate)12/18/2015.”   [It is coming!]  oh yeah…make no mistake about it!   …funny, those announcements weren’t there yesterday when I checked.  Not surprised, many items going on behind the scenes that only appear after the fact.   [does that mean they are approving or have approved the exchange rate?]  According to the CBI, certainly makes one think so.
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Iraqi Dinar/Dollar auction (most recent listing) 12-21-15 

Currency Auctions Announcement No. 3099

This daily currency auction was held in the Central Bank of Iraq on the 12-21-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Tlar (Dinar Guru) – Iraq has made a great deal of progress in the last few months.  Are they prepared to go to 1 to 1 as early as next month?  On paper it is beginning to look like we are close, but this is still Iraq…  There have been a number of articles as well as the Economy Ministry calling for the CBI to raise the value now.  We know as of day before yesterday Abadi said in a speech that the time has come to start the new economy.  Iraq has been preparing for this change to a market economy attempting to attract investors for over a year.  It looks to me as they are getting ready to make great changes.  My best guess because it is Iraq, is April first.  But who knows.  It could happen earlier as many economists and folks in government are pushing for it now.  [post 3 of 3]
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Tlar (Dinar Guru) –  …parliament passed the 2016 budget.  That is a real first for Iraq.  Also an article appeared…that stated the ISX (Iraqi Stock Exchange) will be introduced to the London Stock Exchange on the 20th and 21st of January.  The article implied that they are reworking values so that when the ISX exchange is introduced, real values based on world values will be be shown.  Two days ago the CBI instructed all banks to stop selling the dollar and the CBI is targeting the end of this month to shut down the auctions. The government stated in November that they would institute tariffs and taxes in mid December. It has long been suspected that tariffs must be accompanied by a raise in the currency value…  An article came out in the last couple of days that implied that the lower denominations are now in place the banks. Iraq is compliant with international banking standards.  Most of their banks are ready to do internet banking and the technology installed is current.  Recently the IMF signed an accord with Iraq and is now going to be closely monitoring the Iraqi economy and banking system.  [post 2 of 3….stay tuned]
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Millionday News Time Chat 12-19-15 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: NOTE — NEXT I AM GOING TO SHOW YOU THE CHANGES IN THE NEW MONETARY POLICY THEY ARE IN THE MIDDLE OF IMPLEMENTING DUE TO ABADI ACTIVATING THE ECONOMIC REFORM –
 
THE MONETARY POLICY IS PART OF THE ECONOMIC REFORMS AS IS THE BANKING AND ALL FINANCIAL REFORMS OBVIOUSLY
 
Millionday: HERE WE GO — HOLD YOUR HATS

Millionday: The above instruments are not adequate for the development of an efficient market oriented financial sector. In particular, they are not adequate or appropriate for developing an efficient and liquid market in government securities or for conducting a market based monetary policy.
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Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
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Tlar (Dinar Guru) – Abadi (the new prime minister) has been fighting an uphill battle internally.  Maliki had stuffed the government with his corrupt relatives and cronies.   In addition to that battle Abadi has been trying to remove the tentacles that Iran was allowed to put in place under the leadership of the Maliki government.  Obviously this is not finished but many good things have started to come about…Maliki almost destroyed  Iraq and with it our investment.  So where are we today?  Abadi has done a masterful job of consolidating the people and parliament around him.  Recently Abadi implemented draconian reforms which in the long run are intended to fix Iraq.  The integrity Committee is proceeding collecting more repatriated funds than ever before from corrupt officials.  Finally we are seeing real change coming to Iraq. Most important are the laws that Parliament has recently passed. The anti money laundering law was absolutely necessary to our investment.  We now know Iraq was never going to be allowed to go international with the amount of corruption and theft that was going on.  [post 1 of 3….stay tuned]
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firefly (Dinar Guru) – Like I told you guys in November, forget November, DEC is going to be VERY exciting!   Iraq is NOT in charge as was pointed out by the IMF this week. Told you guys to expect the unexpected.  And IMO there will be NO FREE FLOAT.  Timing friends…Timing
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Kaperoni (Dinar Guru) – Article quote:  “Prime Minister Haider al-Abadi, Saturday, that the time has come to activate the economic, agricultural and tourism sectors, stressing that the government is determined to activate the role of private banks.”  It is clear that until they open the banking system (that includes monetary reform), there is no market economy.  There is a clear urgency here and all we can do is watch them.
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Millionday News Time Chat 12-19-15 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: NOTE — WE HAVE SOME INTERESTING PUZZLE PIECES WITH CHINA TO LOOK AT TONIGHT

Millionday: The US Congress has taken a step closer to granting long-awaited approval to reforms of the International Monetary Fund that would give China and other emerging economies a greater voice in shaping the institution’s policies.

The text of a US omnibus spending bill, released Wednesday morning as part of a budget deal, includes approval for the Obama administration to finally vote for stalled 2010 quota reforms that have become a source of tension between the US and the IMF.

Millionday: NOTE — THE QUOTA REFORMS ARE FOR BUSINESS IN FRONT OF THE IMF AND THE % CHANGES THAT WERE RELEASED TO THE PUBLIC AS BEING ADDRESSED (AWAITING APPROVAL) –
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Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
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