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…

2 Thessalonians 3:3 (NKJV)

3 But the Lord is faithful, who will establish you and guard you from the evil one.

Heavenly Father, Thank You that You are Faithful! Thank You for establishing and guarding us! 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 – 12.28.2015 (no change as of 12/27)

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Our minds possess by nature an insatiable desire to know the truth. – Cicero

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*** Current Posts ***

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Poppy3 (Dinar Guru) – Quote:  “Ahmed Al Thani…The end of the year and the central bank will stop the exchange rate for a period of two or three days of the end of the year”  shabibi always said they would need 3 days to change the rate NOW SOUNDING EVEN MORE PROMISING FOR RATE CHANGE.
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Mnt Goat (Dinar Guru) – So without some major adjustment to a significant value to their currency they will continue to kick this can down the road forever. Remember their currency was shut off by intentionally downgraded it by the IMF depriving terrorists and the Iraq military from having the funds to fight the Iraq war coalition soldiers. It was NOT a matter of not having value!  I can assure you the solution has nothing to do with implementing tariffs or customs or taxing the people. The solution is a simply supply and demand for their currency over another currency.   [post 2 of 3….stay tuned]
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Mnt Goat (Dinar Guru) – The value of any currency is all about having confidence and speculation that in HOLDING the currency it will provide more purchase power than any other readily available currency and so the citizens will prefer to use it instead. Has the CBI done this? The answer is a BIG FAT NO!  To help to ultimately raise the value of the dinar in the long run is first to get the economy off the US dollars. One measure the CBI claims recently taken was to lower the rate of the dinar making it more expensive for the banks to purchase US dollars in the auctions. Will this help?  My opinion is that this measure alone WILL NOT help much because as long as you have the DEMAND for the dollar the banks will pursue them…Supply and Demand rules over the value of something.   [post 1 of 3….stay tuned]
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Millionday – THERE IS A REPORT OUT STATING THAT THE DINAR IS GOING DOWN IN VALUE AND THAT IS WHAT THEY ARE GOING TO DO.    IF SOMEONE SPENDS TIME TALKING ABOUT IT PLEASE TELL THEM THAT  [THEY] WOULD NOT DO ONE THING TO TAKE IRAQ IN THE DIRECTION THEY HAVE BEEN DISCUSSING.   IMO — IGNORE IT — IT MAKES NO SENSE.
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Iraqi Dinar/Dollar auction (most recent listing) 12-28-15 

Currency Auctions Announcement No. 3104

This daily currency auction was held in the Central Bank of Iraq on the 12-28-2015

The results were as follows:

More: https://dinarupdates.com/observer/
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Kaperoni (Dinar Guru) – Strengthening the dinar, opening the banking system, freedom of movement of capital are all goals. A devaluation is counterproductive to this. Not to mention Ali al-Allaq made at least 3 appearances in the media stating the CBI has no intent to devalue the dinar. If this becomes a clear lie, it would hurt his credibility and the CBI’s monetary policy credibility…Further harming the banking system.  I don’t buy it all…I would tend to think this kind of article comes from those who don’t want to see the CBI succeed and want to further damage Iraq’s economy.   Time will tell.   [post 2 of 2]
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Kaperoni (Dinar Guru) – Article:  “Parliament calls for reducing the financial value of the dinar against the dollar, rather than external borrowing”  This is the same old story from a few months back, calling for the CBI to devalue the dinar to 1400 to save money on the budget rather than borrow from the IMF and WB (and the subsequent conditions) to fund the budget. The one caviot here is they claim they have sources in the CBI that are in agreement and planning to devalue the dinar.  That being said…in the short term, a devaluation would save them some money. The problem is though that it would also destroy citizen confidence in the dinar, many would dump the dinar for dollars and further putting strain on the CBI’s reserves. A devaluation also completely goes against the principles the CBI and government are trying to acheive to create a market economy.  [post 1 of 2….stay tuned]
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Poppy3 – […do you think the news is behind with what is happening with them taking back Mosul?]   THERE IS NOTHING TO TAKE IN MOSUL JUST A FEW TERRORIST…MOSUL HAS NEVER BEEN UNDER ISIS CONTROL AT ALL. JUST LIKE RAMADI…NO PRISONERS TAKEN AND WILL DO THE SAME IN MOSUL…VERY FEW LEFT. …THEN OUR MEDIA WILL CLAIM A GREAT VICTORY… DOESNT EFFECT THE NEW RATE SHOWING WHEN THEY GET READY.
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rcookie (Dinar Guru) – Quote: “Iraqi city of Ramadi ‘fully liberated’ from ISIS by government forces THE ASSOCIATED PRESS Monday, December 28, 2015, 6:36 AM”  EVEN THOUGH IRAQI FORCES ARE DECLARING FULL LIBERATION OF RAMADI…THE ENTIRE GOV’T COMPLEX HAS BEEN LIBERATED…AND 70% OF RAMADI BUT STILL SOME CLEAN UP WORK TO DO.
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Millionday – “…the government’s commitment to hand over 17% of the actual spending for the region depends on the commitment of the region to export oil…”   “…there have been meetings between the Prime Minister and the Finance Ministry and the Finance Committee in the Parliament and there was an understanding between them on all the 2016 budget items.”  THIS IS ADDRESSING THE OIL AGREEMENT BETWEEN KURDS AND IRAQ FEDERAL BUT ALSO IS OBVIOUSLY THE AGREEMENT WITH THE BUDGET ITEMS AS WELL.  THEY ARE AGREEING ON THE OIL AGREEMENT MADE EARLIER THIS YEAR AND MOVING FORWARD…FINALLY THEY HAVE AGREED AND THE NUMBERS WORK AND ARE GOING TO BE RESPECTED.  THIS IS GREAT NEWS.  THIS IS A HUGE WHOOPOW.
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firefly (Dinar Guru) – [i dont think anyone is calling a date or rate, just hoping.]  There is no hoping, it is happening before our eyes, Just enjoy the last moments.
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rcookie – Article quote:   “…the Parliamentary Committee with regard to a joint meeting of the ministries of planning and finance, industry and the Interior of the Central Government and the Kurdistan Regional Government to implement customs tariff revenue and increase revenue to the State.”  CUSTOM TARIFFS TO BE APPLIED IN ALL PORTS…BAGHDAD..ERBIL MEETING.
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BGG – Abadi has listened to reason – and used Sunni units of the Iraqi Regular Army – NOT SHIA PMU’s…this is a HUGE shift in the political calculous within the Baghdad GOI…he’s relying on the Sunnis to get it done.   here’s why that is CRITICAL  Abadi using them is the INCLUSION this whole process has been missing… why is that important?  IMF and WB would NEVER let a totalitarian regime have their way.  Real or not – Abadi is making the right moves. [Does this mean that national guard law has been passed too?]  I doubt the NG Law has been agreed on – but the recent moves by Abadi will help bring everyone on board.
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