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

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 12.29.2015

http://www.cbi.iq/

______________________________________________________________

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

______________________________________________________________

*** Current Posts ***

______________________________________________________________

BGG – [Are the Tariffs still set to start soon? Like Jan 1?]  not sure – but if you see legit tariffs start and hold – you will see a rate…
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Tuesday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
______________________________________________________________

Enorrste (Dinar Guru) – Article:  “Forthcoming meeting between Baghdad and Erbil for the application of the customs tariff law in all outlets”     If they apply the tariffs then the cost of goods will go up inside Iraq since Iraq imports the vast majority of its products.  The tariffs will help the GOI in terms of getting them more money, but at the cost of higher prices for the people.  Unless they also raise the value of the dinar in sync with the introduction of tariffs this will lead to inflation in Iraq.  Therefore one of two things will happen:  they will either postpone the tariffs or they will institute the float with the introduction of tariffs.  Time will tell.
______________________________________________________________

Frank26 (Dinar Guru) – It’s not a coincidence…that we look at a long weekend…no coincidence… meanwhile the ISX went ballistic today…they sold 619 million shares that is worth almost 500 billion IQD’s…all in one afternoon…that is why we sense we are very close to the international world...there is SECURITY to enter an international world…we do know they has stopped selling the USD…they only use their currency…you did notice there is a long weekend over the end of the year into the next year.  You do know the Iranian sanctions will be lifted in this same time frame…You do know the budget is to be implemented in this time frame.  You do know the taxes and tariffs are ready to be applied in all ports of Baghdad… Erbil…all of them…that is powerful…that is serious for a monetary reform.
______________________________________________________________

BGG – [what would happen if they did nothing with the currency and just kept using the usd?  they have been using it for many years and are still surviving u think that is at all possible what would happen to Iraq?]  long run – NO CAN DO – IMF is in charge. They can’t have a “dual currency country” as a major exporter of oil.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 12-29-15 

Currency Auctions Announcement No. 3105

This daily currency auction was held in the Central Bank of Iraq on the 12-29-2015

The results were as follows:

More: http://dinarupdates.com/blog/
______________________________________________________________

Poppy3 – …IT WAS BECAUSE OF A INVESTMENT ADVISER COMPANY AND THEIR STAFF THAT I WAS INTRODUCED TO INVESTMENT IN DINAR. THEN I STUDIED IT FOR 9 MONTHS 12 YRS AGO BEFORE I PUT A DIME OF MY FAMILIES MONEY IN IT AND I HAVE NEVER STOPPED BELIEVING IN IT THAT MY RESEARCH AND THEIRS WAS CORRECT.  IF IT WAS A GREAT INVESTMENT THEN IT IS 100 TIME GREATER TODAY.   …STUDY THE CURRENCY OF EVERY COUNTRY THAT HAS EVER BEEN LIBERATED BY WAR…END OF DISCUSSION.
______________________________________________________________

mike (Dinar Guru) – Article  “Iraq Stock Exchange traded more than 600 billion shares worth about 500 billion dinars”   What stands out to me is how small the ISX really is, total months trading equaled just $495 million and it’s total worth is only $7.5 billion dollars.  I realize it’s not a fair comparison, but the NYSE is worth over $19 trillion and average daily trading in 2013 was $169 billion.  Iraq desperately needs foreign capital to get these guys off the ground.
______________________________________________________________

Mnt Goat (Dinar Guru) – …after all is said and done – it is still, in my opinion, the ONLY solution really to this dilemma is to REINSTATE the Iraqi dinar first to just over the value of the US dollar 1: 1 creating the incentive to exchange dollars for dinars. Pop out the lower denominations quickly (as planned in 2012-2013) thus starting the de-dollarization process. I believe it could move very quickly from that point. Then later, once inflation is under control, they would have to fully RV to pre-war values plus equity, rolling the currency back out to the global exchanges and placing it on a floating currency regime (as Iraq fully intends to do since they told us so in…articles…).   [post 3 of 3]
______________________________________________________________

Hub (Dinar Guru) – the dinar was instituted in 1932 and was valued at 4.75 plus, in ’49 devalued to 2.50 or so…in ’71 till ’93 was about 3.30…hussein had it 3.22, UN stepped in and it went 3000 dinar to 1 usd.  …why would a country have one of the most valued currencies in the world and are now only ahead of VN ZIM, and a few others in that caliber.  we know the answer, just do it…i just know eco 101 says it has to happen to stay in the forefront of the world economy.
______________________________________________________________

BGG – [With all that has been done to date, laws, corruption security, loans promised, Can this go on at 1166 past Jan 1st when 2016 budget is supposed to be opened?]  Simple answer – yes… complicated answer… how much past that date…?  probably not long…    […could you give us 2 or 3 reasons why many are suggesting by Jan1 or soon after?]   really – ANYTHING CAN HAPPEN at this point… meaning anything at anytime…  
______________________________________________________________

Poppy3 – …BEST NEWS FROM YESTERDAY…IT WAS ANNOUNCED THAT THE CBI WOULD REMOVE THE RATE OF THE DINAR FOR THREE DAYS. THEN CHECK YOUR MEMORIES THAT THE GOOD DOCTOR SHABIBI STATED HE WOULD NEED THREE DAYS CBI DOWN TO INTRODUCE THE NEW RATE.  [what date did the CBI state they would not show the rate for 3 days?] JANUARY 1, 2, 3.   [are you a fan of the 1:1 Ri and later an RV or get er done at 1 time?]  MY STANCE HASNT CHANGED SINCE OCTOBER OF 2010 WHEN THE IMF POSTED ON THEIR WEBSITE THE AGREEMENT WAS MADE TO ALLOW IRAQ $3.22 CENTS AND UP TO 20% MORE FOR THE COST OF INFLATION DURING THE WAR.  NOW SINCE THAT TIME NOT ONE, I REPEAT NOT ONE OFFICIAL PERSON THAT HAS SQUAT TO DO WITH THE RATE HAS EVER ANNOUNCED ANYTHING DIFFERENT AS A POSSIBLE RATE.
______________________________________________________________

SteveI (Dinar Guru) – Article:  “Iraqi army declares first major victory over Islamic State in Ramadi”  Excellent progress…great news.
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com