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 – 12.31.2015 (no change as of 12/30)

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There’s nothing in the middle of the road but a yellow stripe and dead armadillos. – Jim Hightower

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*** Current Posts ***

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HAPPY NEW YEAR!!

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Poppy3 – …IT DOESNT GET BETTER… THEY CANT SAY IT ANY CLEARER. WHAT I HAVE DISCLOSED IS ALL IN INK AND STATED TO THE WORLD THAT IS LISTENING. HERE WE ARE AND THIS IS WHAT WE ARE DOING NOW.   THE ONLY OFFICIAL RATE EVER MENTIONED WAS GIVEN IN OCT 2010 AND NO ONE HAS EVERY SAID A WORD DIFFERENCE. I HAVE POSTED IT AT LEAST 1000 TIMES.   [reference Poppy3’s previous posts 12-28-2015 & 12-29-2015]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
Thursday 12/31 641-715-3640 pin#570743

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Kaperoni – From CBI:  “Decides to re-evaluate these investment shares at the beginning of 2016 in the light of the prices traded by Iraq Stock Exchange,”    Iraq is running out of time.  With oil at $35 and expected to maybe drop to even lower, those reserves will be gone in no time.  They need currency reform now and they need to get this market economy going without delay.  That being said, I am hopeful this notice is the beginning of that reform.  I am optimistic.
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Arthur – In a nutshell it appears that every single element we could possibly hope to see has and is happening in real time. The Hydrocarbon Law governing funds distribution along with the requisite taxes and tariffs are imminent within the next  48 hours. We are witnessing the perfect storm that we have always dreamed of for a reality rate for our investment  literally any day now.  The security picture couldn’t be better as what you are getting is at least 8 days behind reality so consider it done. In the words of the late Michael Jackson: THIS IS IT!
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Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Thursday evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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Poppy3 – [From what I found out is …the (CBI) closing of 3 days … happens every year … per say … is caused by ANNUAL INVENTORY … PER DOLLARS AND IARQI DINAR …]  STRANGE NEVER CLOSED BEFORE FOR 3 DAYS ON NEW YEARS…REMEMBER I BEEN HERE 12 YEARS.  NEVER HAVE THEY ANNOUNCED A CLOSING BEFORE.
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tman23 – The Finance Minister uses the USD petro dollar to buy IQD from the CBI to pay for salaries etc.  There is a BIG domino effect that goes along with revalue or either devalue. Over the years we have debated, argued, and highly contested the opinions of others on how the monetary change will be introduced. The only thing we know for a fact is the “project to lift the 3 zeros” was given the green light this past spring AND the time for the optimum time for the 3 zeros to be lifted is at the start of the New Year. Interesting week INDEED!  Will you be seeing 67 cents… or $1… OR $3 plus…OR a ZONK! 
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TD – If these moves prove results then the IMF will help Iraq orchestrate the long awaited “deletion of the zeros” ( or) LOP. The IMF has made it clear during these talks that the LOP and dramatically reducing the money supply is the ONLY way forward for them to have a real and stable monetary program.  Again as my amigo stated before it is still on the table that Only notes inside Iraq will then be allowed to exchange for the newer notes. This process is still scheduled for the second half of 2016 to start BUT progress on ISIS and IMF imposed conditions are prerequisites.  [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 12-30-15 

Currency Auctions Announcement No. 3106

This daily currency auction was held in the Central Bank of Iraq on the 12-30-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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TD – Important comments from my Kurdish friend ( you can treat all as rumor and please due your own sound diligence ). 2016 is a make it or break it year for Abadi’s survival.  In particular the 1st half and progress in the war against ISIS is job número uno.  Monetary reserves have evaporated and the IMF is now at the helm of monetary policies to be executed in exchange of the bailout Iraq is receiving from them. Parliament and CBI have agreed to implement whatever reforms the IMF requests. Inside word is that the IMF too has at its highest priority the transformation measures of Iraq into a diversified market driven economy and so the next few months will be very telling of investment policies and mechanisms that will be established.    [post 1 of 2….stay tuned]
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Kaperoni – Article quote:  “Decides to re-evaluate these investment shares at the beginning of 2016 in the light of the prices traded by Iraq Stock Exchange,”   I talked to a broker a few minutes ago, he stated it sounds like efforts are being made to reprice shares to provide some source of security or stability to the investment community.  He said the question is are they pricing in dollar or dinar?  If it is dinar, which is what we expect, we may see some change to the dinar then.
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rcookie – SOME MORE POSITIVE INDICATORS TO THE CURRENT ENVIRONMENT…IRAQI REPORTS THIS MORNING OF 425 SHIPS/TANKERS IN 2 MONTHS FROM A PLETHORA OF COUNTRIES… KUWAIT… UAE…DENMARK…LIBERIA…INDIA… MANILA…SINGAPORE… VIET NAM…WITH ADDITIONAL REPORTS OF PORT ACTIVITY VOLUME TO INCREASE DRAMATICALLY AT START OF NEW YEAR…WITH ALL THE NEWS AND REPORTS OF CUSTOM TARIFFS IMPLEMENTATION TO ALL PROVINCES AND MEETINGS ONGOING BETWEEN ERBIL AND BAGHDAD…AGREEMENTS WITH BORDER NATIONS FOR TARIFF IMPLEMENTATION…THE “IN INK” INCLUSION OF TARIFFS AS 2016 BUDGET REVENUE STREAM…THE ADOPTION OF MARITIME AND ENVIRONMENTAL LAWS… ME THINKS ALL THE I’S BEING DOTTED…T’S CROSSED…IF YOU LISTEN REALLY CAREFULLY…YOU CAN HEAR THE NEW IRAQI ECONOMIC ENGINE STARTING. WE ALL HAVE FRONT ROW SEATS FOR THE HISTORY THAT IS UNFOLDING!!
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sczin11 – Article:  “Trading on the shares of the company’s financial Sama Baghdad convertible launch as of Sunday session 01.03.2016”   THIS MAY BE THE BIGGEST NEWS WE HAVE SEEN TO DATE…IF TRUE, AND MORE IMPORTANT, IF I UNDERSTAND WHAT THIS IS SAYING…ONE CAN ONLY ASK, WHY? ALMOST 1 YEAR AGO, WE SAW THE APPROVAL OF ABOUT 8 MONEY TRANSFER COMPANIES, TO BE LISTED ON THE IRAQI STOCK EXCHANGE…WELL, THIS APPEARS TO BE ANNOUNCING THE START OF TRADING FOR ONE OF THESE COMPANIES, ON SUNDAY…JANUARY 3, 2016.
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Millionday – Article quote:   “FinanceMinister Hoshyar Zebari, on Monday, that Iraq has revived a plan to sell bonds two billion dollars in the budget of 2016”   BONDS ARE GOING ON THE MARKET THIS COMING YEAR — THEY ARE HUGE IN THE PROGRESS OF IRAQ AND SUPPORTIVE OF A HIGHER VALUE FOR THE COUNTRY ACCORDING TO THE REPORTS.
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wmawhite – [...they are trying to stop the use of usd in iraq?]  This has been the effort/the plan from the beginning and all of these laws and all of the IMF/WB efforts has been toward a “Market Economy” wherein the sole currency that Iraq conducts business with.   [do u think the tarriffs and taxes will happen this time?]  Well…some people in Parliament think so and the 2016 budget will not work without those revenues.  [when you see the tariffs and taxes you will see a rate change too.]   Possible…it does make sense…makes sense that change must come soon…
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Kaperoni – Article: “Parliamentary Finance reveal activation of customs tariffs starting from next Friday”  Keep in mind next Friday means this Friday which is Jan 1st.  The same time the CBI said they were going to “re-evaluate investment shares at the beginning of 2016”
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rcookie – [we see tariffs and taxes we will see the RV.]   THE EVIDENCE IS CLEAR OF THE GOODS READY FOR INTRODUCTION TO ECONOMY WITH TARIFFS IMPLEMENTED…PRODUCT QUALITY INSPECTION MECHANISMS IN PLACE…SO RETAIL PRICING ADJUSTMENTS INCORPORATED AND PASSED ON TO CONSUMERS…SO INCREASE IN PURCHASING POWER MUST PRECEDE…AND THE FACT THAT THE BUDGET RELIES HEAVILY ON TARIFF REVENUES…WITH THE IMF DRIVING THE BUS… I THINK IT IS TIME.
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Kaperoni – CBI Announcement quote:  “Decides to re-evaluate these investment shares at the beginning of 2016 in the light of the prices traded by Iraq Stock Exchange,”   This does sound good.
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EXOGEN – …Iraq  will become the new global “OIL KID ON THE BLOCK” soon.  Iraq is now approaching Stability for complete Monetary Reform Implementation.  The Release & Distribution Lower Denoms in Iraq will be the global indicator of the rate adjustment of the currency.
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Millionday – “…asia cell mobile phone service, announced the launch of electronic payment (Asia Service Money project), in the whole of Iraq and the Kurdistan Region…”   ELECTRONIC PAYMENT IS SET UP ALL OVER THE COUNTRY OF IRAQ AS OF TODAY THROUGH ASIA CELL.  THEY MAY PAY THE BILLS THROUGH ASIA CELL AND HAVE BEEN GIVEN INSTRUCTIONS — THIS IS THROUGH ELECTRONIC CREDIT CARDS — WHOOOPOW.  THAT WOULD LEAD ME TO BELIEVE THAT THEY WILL BE INTERNATIONALLY RECOGNIZED THROUGH ECONOMIC LOGIC BUT HAVE TO WAIT TO INK.
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firefly – […this is all planned!! everything!!]  Of course it’s a plan, I proved it to you guys many times.  [well hope the plan has a very soon ending.]  I’m not hearing of ANY stumbling blocks …. nada.  Like I’ve said, EVERY PLAN HAS AN END!   [and we are at the end!]  IMO YES!!  Remember also, the CBI has told us recently the project to delete zeros is still planned for 2015. Why is this important? Because every time they delayed this project they told us 3 months in advance. NOT THIS TIME!
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Kaperoni – The federal budget of the Republic of Iraq for fiscal year 2016:  “Article 53:  This Code shall be published in the Official Gazette and put into effect as of January 1st 2016.  Reasons: This Code has been legislated to approve The Federal  Budget of the Republic of Iraq for the Fiscal Year 2016.”
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Millionday – ANNOUNCEMENT FROM CBI:  “To / all licensed banks and money transfer companies approved all and the financial investment companies approved all and brokering the sale and purchase of foreign currencies approved all companies (foreign exchange rate) 12/28/2015“  IMO IT MEANS THAT THE REGULATIONS HAVE BEEN ACTIVATED AND ONLY MONEY EXCHANGERS AND BANKS CAN EXCHANGE CURRENCY — THE NOTICE IS TO ALL THAT HAVE BEEN LICENSED.  THE MARKET IS CLOSED RIGHT NOW THERE AND IT OBVIOUSLY IS VERY EXCITING TO SEE THIS FROM CBI.

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BGG – Did you guys catch the Iraqi Ambassador to the US on Fox tonite [Tuesday]…It looks like the world is ready to welcome them into the world community.
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mike – It won’t work anymore, they can’t generate enough money from oil to control everything, those days are gone.  Until Iraq can release the constraints on foreign investment, create an open market economy and allow the currency to be internationally accepted, we’re going to continue to watch the slow death of Iraq’s economy and it’s ability to pay the salaries of it’s people. Even if reforms, laws and legislation magically happens tomorrow, it’s going to take a considerable amount of time for it to take effect and move the country forward.  In the mean time, these guys are spending the reserves like a sailor on shore leave.  It’s like watching a car wreck in slow motion, these guys just don’t get it.  IMO   [post 2 of 2]
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mike – Article:  “Iraqi state is facing the threat of bankruptcy next year”  For what it’s worth, I just don’t know how much effect the IMF’s going to have on the situation in Iraq.  Can the IMF pass the needed laws to create an open market economy?  Can they charge, prosecute and imprison the elite who are responsible for scamming the auctions? Can they craft the legislation and get it through Parliament relating to the long overdue banking reforms?  Iraq has known for over a year now that oil wasn’t going to be enough to make payroll, fund the infrastructure projects and fight the war against ISIL and what have they done?  Not much. There’s been a few laws passed but in the end, Iraq is still holding tight to the old, centralized, government controlled systems they’ve had for years.  [post 1 of 2….stay tuned]
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