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…

Luke 2:13-14 (NKJV)

13 And suddenly there was with the angel a multitude of the heavenly host praising God and saying:

14 “Glory to God in the highest,
And on earth peace, goodwill toward men!”

Heavenly Father, we give You all the Glory, Honor, and Praise! In Jesus Name, Amen.

Mrs. BGG

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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

http://www.cbi.iq/

Indicative rates – 12.22.2015

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Personally I’m always ready to learn, although I do not always like being taught. – Winston Churchill

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*** Current Posts ***

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Frank26 (Dinar Guru) – We did not see the LD’s this week as we thought…we did not see them in the auctions…nor did we see the Taxes and Tariff’s as we thought but the T&T’s have been activated…they need a new rate then…remember…they were working on a calculation for a new rate…so we also saw that the budget was approved…all it needs is activation and this calculation they work on right now.  I guess we can say all systems are GO for a lot of activations for between December 31st and January 1st…IN MY OPINION.  We strongly believe…our TEAMS strongly believe we will see …the LD’s this week.  It is important that you understand the…pendulum swing in the auctions is a combination that we are told…the USD to IQD is the RI…IQD to IQD is the RV.  What they are doing is preparing themselves to be introduced into the international world...all our evidence for the past 3-6 months has pointed in this direction…there are no delays…it is all becoming so transparent…
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wmawhite (Dinar Guru) – first half of 2016 to do what?  …RV… no…RI…no, but what? enter the economy markets! and what would a country need to have in order to participate in a global market? Maybe a currency that is recognized/accepted worldwide.  [as to a time frame?]  Well, their budget is depended upon the taxes and tariffs and it refers to them a lot. Abadi has stated this past weekend it is time to kick all of this stuff off. I expect to see all of this go soon.
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Stryker (Dinar Guru) – One of the most important questions out there is, has there been a devaluation of the dinar or isn’t there?  The office of Prime Minister Abadi and Governor Ismail of the CBI both came out today describing it as a small rate adjustment and not a devaluation that was reported by the news media…
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BGG – Article quote:  “The Central Bank of Iraq, on Monday, reduced the value of the dinar against the US dollar.  According to a statement of the bank, that “lifting of US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”   [I am trying to understand how devaluing is a good thing? 1182 is going the wrong way?]   It gets them closer (or within) the required 2% IMF regulations… no one saw this coming – the way for them to comply was “give away” a few dinars per transaction… HUGE NEWS… That is Market rate / CBI rate spread… no one had any idea how they would ever be able to get this valuation to work right – turns out – EASY. Give away 16 dinars per transaction.  AND – stop and think… they HATE their exchange rate going the wrong direction. There has got to be a MASSIVE pot of gold at the end of the rainbow…
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Iraqi Dinar/Dollar auction (most recent listing) 12-22-15 

Currency Auctions Announcement No. 3100

This daily currency auction was held in the Central Bank of Iraq on the 12-22-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Enorrste (Dinar Guru) – Once the float begins the rate will rise.  Furthermore, it is clear that this is not a “panic” move on the part of the CBI.  In fact, Saleh stated that it is NOT a devaluation but is instead only an ADJUSTMENT.  I have no reason to doubt that statement.  It is consistent with the small size of the change and with the statement implied that they are buying time (6 months) to get in line with “international standards.”  Remember, it was the IMF that stated that Iraq would move into the “world market” at the beginning of the new year, or shortly thereafter.  In my view, the phrase “world market” and “International standards” are synonomous.  I hope I am correct.   [post 2 of 2]
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Enorrste (Dinar Guru) – Article quote:   “lifting the US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”   It seems to me that the CBI is moving in this direction primarily to stall the drop in their reserves, irrespective of any “international standards” that they reference.  In that sense, this is a good move for the short term.  The article also stated that it would give them “6 months” of time.  I don’t think that that means that they will run out of reserves in 6 months.  Instead, it is more likely that they are buying some time to implement the IMF agreement to move to a float.  I therefore conclude that we will see a movement to a new exchange rate regime within 6 months and that this “tweeking” of the rate is an assurance that their financial position will be secure through that time period.   [post 1 of 2….stay tuned]
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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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Millionday (Dinar Guru) – Article quote:  “The Central Bank of Iraq, on Monday, reduced the value of the dinar against the US dollar.  According to a statement of the bank, that “lifting of US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”   SO THE RATE HAS BEEN ADJUSTED AND THE INTERNATIONAL RATES ARE BEING CALCULATED FROM THIS VALUE ADJUSTMENT — THE CONVERSION IS THE GOAL AND THEY ARE CURRENTLY WORKING ON THEIR GOAL AND OURS… WHOOOPPOW.
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Kaperoni (Dinar Guru) – from CBI site – “Board Resolution No. (329) for the year 2015 (the exchange rate)”  So some are wondering why we saw that 1182 rate and Iraq didn’t pick up on it until today…well these CBI docs show us..that the board approved the rate change on 11/30..effective 12/1 (which it changed on the CBI site).  but the actual announcement didn’t come out until 12/18 (media).  They also tell us the CBI bank rate now at 1190 which means the 2% spread is 1214.  So the dinar Market Rate has to be 1214 or less than that.  And today it is 1220 which is out of compliance.  It is frustrating, but the rule is more for the CBI than the IMF.  They want the CBI to know how to manage the spread before the playing field becomes international.
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Millionday News Time Chat 12-21-15 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!!

MArco: what comes first reforms or getting the money Karnac says……………………lol offer a thought even though it is just a thought …….. an opinion is OK LOL

Millionday: THE WORLD BANK HAS AGREED THEY WILL GET THE FUNDS BY THE END OF THIS YEAR AND IRAQ HAS AGREED TO ACTIVATE THE REFORMS — THEY ARE REPORTABLY IN THE MIDDLE OF ALL REFORMS BEING COMPLETE

Millionday: SMILE

Millionday: HERE IS A FORMAL CBI ORDER GIVEN TODAY THAT WAS SENT TO ME
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Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
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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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Millionday News Time Chat 12-21-15 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: HERE WE GO WITH A PROBLEM WITH THE EXCHANGE RATE

Experts are concerned expected that Sarsrv exposed dinar to the disorder against the dollar Aazin reason to the suffering of the banking sector of the charges, and regardless of the validity of the allegations or not, this actually poses a serious stand to assess the matter and hedge and undermine the real causes behind this expectation.
 
I have followed completely Basghae Proceedings of the Annual Banking Conference, which was held last week, where fired a citizen is a first Hoalkhasr from the effects of the attack, which goes on the banking sector as a whole this phrase and hesitated Awamufrdh for more than ten times, and the fact it has an eye catching what does not accept doubt that something will happen without doubt.

Millionday: NOTE — SOMETHING WILL HAPPEN WITH THE PROBLEMATIC EXCHANGE WITHOUT DOUBT AND THE BANKS AND COUNTRY ARE SUFFERING
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Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
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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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