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…

Numbers 6:24-26 (NKJV)

24 “The Lord bless you and keep you;
25 The Lord make His face shine upon you,
And be gracious to you;
26 The Lord lift up His countenance upon you,
And give you peace.”’

Heavenly Father, Thank You that You are the God of Peace! Thank You for blessing us! Thank You for all of Your blessings! We are so grateful and thankful 🙂 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 – 01.03.2015

http://www.cbi.iq/

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However beautiful the strategy, you should occasionally look at the results. – Winston Churchill

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*** Current Posts ***

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Enorrste:  There are a few things that we must remember before we go off the track…

1) The first is that the official policy of the CBI and the IMF is to move to a floating dinar.

2) Second is the fact that both the CBI and the IMF expect the value of the dinar to rise, not fall, when it moves to a float.

3) The third fact is that Saleh stated unequivocally that the recent change in the exchange rate from 1166 to 1182 (or 1190) is NOT a devaluation of the dinar but IS an ADJUSTMENT in preparation for something else.

4) The fourth is the fact that there is a liquidity crisis in Iraq caused by the hoarding of up to 70% of all of the dinars in mattresses.

5) Now, finally, this fifth element is coming into play. This adjustment will, in my opinion, cause the locals to unload their paper dinars, most likely for dollars. This is a short term move, in my view, done specifically to draw out the dinars so that they can be destroyed…

More: http://dinarupdates.com/blog/
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Economist: Replace the currency and the deletion of zeros is an important step for monetary reform

The adoption of the monetary authority decision in the process of replacing the currency on the approach to costs and benefits, as a change of the Iraqi dinar and the deletion of zeros is an important step on the road to monetary reform, and the reform of the currency management system through structured to control the flow and management of the cost of the money supply in a manner optimized and using a form «Mosley» the most comprehensive, which does not stop at the borders of the costs and benefits but includes economic, social and political environment variables.

He said economic expert d. Abdul-Hussein Abdul Jalil Ghalibi according to »Sabah» that “ideas can be raised in this area, from the process of deleting the zeros and replace currency terms would be too costly to the Iraqi economy and society, from the cost lawsuits and compensation, as well as support the economy commissioned during and after the process substitution.

He stressed that no one denies that the process of changing the dinar require the costs to complete, but the discussion of these costs come from several directions, the first being to maintain the dinar generates community ongoing costs in accounting and procedural fields of counting and sorting, storage and others…

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) – I will repeat myself, “what do we know as fact?” Answer…the International Monetary Fund (IMF) two months ago…”he stressed that Iraq will return to economic market during the first half of next year (2016).” …there are no smoke and mirrors…it is just everyday life as the IMF is taking Iraq by the hand and fixing problems internal to the CBI and GOI.  [I guess we are at the mercy of the IMF now?]  We are at no one’s mercury…this is about Iraq and their future. We are here hoping to make a profit off of their good fortune.
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mike (Dinar Guru) – So, there seems to be two camps in Iraq, one wants to move forward with economic and monetary reform, the other wants to maintain the status quo. Over and over again Iraq has refused to do the right thing and move the country forward, why would de-valuing the dinar be so hard to believe and accept? I’m not going to be surprised at all if Iraq drops the rate to 1400-1, I’m just betting and hoping that the good guys somehow find a way to succeed and move this country forward and talk about lowering the value and 50k’s evaporate as the lower denoms come out with value under Article VIII.   [post 3 of 3]
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mike (Dinar Guru) – Even if they managed to coax dinars out of the mattress and lowered note count, I don’t see how it’s going to raise the value of the dinar based on demand, let’s face it, the only place a dinar is useful is in Iraq.  Until they move to Article VIII how can there be any real demand?  My biggest concern right now is if Iraq begins the float without the move to Article VIII, the dinar will then probably drop to the 1400-1 rate…  The only hard and true backstop Iraq has is what?  The reserves.  Apparently, even the Iraqi’s have finally figured this out, they know, without change, the reserves will erode until there’s nothing left and the country becomes insolvent.  [post 2 of 3….stay tuned]
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mike (Dinar Guru) – The topic of lowering the value of the dinar has been bouncing around for months now. it’s not new.  I know we have “assurances” from the CBI, but this move would save the GOI billions on payroll alone, and it’s pretty clear what the motives of the GOI are. They have very little regard for the common man in Iraq…  Instead of moving the country forward with monetary and economic reform, these guys want to beg, borrow and steal to maintain the status quo.  And that’s not an opinion, that’s a factual statement based on the actions of the GOI for the past 5 years I’ve been in this “investment.”   [post 1 of 3….stay tuned]
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Enorrste (Dinar Guru) – Article quote:   “fear the economic and financial circles Iraqi that leads the Iraqi Central Bank’s decision to reduce the value of the dinar against the dollar as of yesterday”   the article confirms…This move is a short term strategic move, not a devaluation.  I particularly liked the fact that the article states quite clearly that any talk of a devaluation is “baseless.”
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Iraqi Dinar/Dollar auction (most recent listing) 01-03-15 

Currency Auctions Announcement No. 3107

This daily currency auction was held in the Central Bank of Iraq on the 01-03-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) – [… your opinion on the dinar starting out at its present rate and floating up on demand as people invest…is that possible?]  I DO NOT BELIEVE THE CURRENT SUPEFICIALLY IMPOSED RATE WILL BE THE STARTING POINT OF A FLOAT.
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Chattels – It appears that Kaperoni is saying that matters are so bad that something must and will be done in the area of currency reform.  I wonder and doubt, but I will be pleased by any pleasant surprise.  Hardly the preferred posture presented by Shabbibi, but no doubt there are a number of scenarios which may lend itself to or militate in favor of our liquidity event and we have never known the recipe(s) with any certainty.  None of us much care how IT happens, only that IT does…
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rcookie (Dinar Guru) – […they have tried to sell bonds before… no takers… at 1166…]   IT IS NOT THE SAME ENVIRONMENT…NOW THAT THEY HAVE MET FULL COMPLIANCE WITH ALL IMF…WB…UN MANDATES….DEFICIT REDUCTION…SUBSIDY ELIMINATION…SALARY LADDER….NON OIL REVENUE STREAMS…TARIFFS…AND COMPREHENSIVE IMF MONITORING OF ALL ECONOMIC AND MONETARY ACTIONS AND POLICY…INCLUDING FULL IMPLEMENTATION OF 2016 BUDGET DISBURSEMENTS TO ALL PROVINCES…NEW DRIVER FOR THEIR ECONOMIC AND MONETARY BUS…AND THE INTERNATIONAL INVESTMENT COMMUNITY KNOWS IT….
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Hub (Dinar Guru) – the imf’s purpose is to insure the stability of the international monetary system.  one document from 2010 states the imf wanted iraq to have a stable economy and set the value at 1166. they wanted to stop inflation and set up the govt to help pull iraq out of the pits…now its a different ball game and they are ready to go forward…so we shall see…its not reconized as an international currency, so to pay for the hotels, oil work, water systems, elecetric company, sanitation for the country, and so on and so on, they have to have a currency everyone will take…so what must happen for this to occur?  Shabbs [Dr. Shabibi] said the dinar will be the most valued and thus most respected currency in the world.
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Kaperoni (Dinar Guru) –  No matter how you look at it, Iraq cannot make it another year without currency reform.  The numbers make it impossible.  So as we said in Oct, the remaining 3 months would be important, the next few months of 2016 are just as important, if not more so.  Iraq has worked (or lack there of) themselves in a corner and they either launch the market economy, currency reform and create businesses and jobs or fail and go broke.   …the government is shut down, and nothing will be posted until Sunday when it opens back up. I do expect something since the CBI came out and said so in there statement which clearly said…”Decides to re-evaluate these investment shares at the beginning of 2016..“ What that means or how it effects us, we will have to wait and see. But something will happen.  As for the how many times have we heard this before? That is not necessary true, yes we have said so, but never like this.  …I cannot recall ever stating the CBI is going broke, or the reserves are diminishing. These are not opinions, but fact. And many of the worlds experts have also concurred. So until Iraq gets this market economy moving, and initiates currency reform (which IMO includes Article VIII) they will continues to be in this predicament. The only solution to the problem is to bring the world’s money to Iraq.  
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wmawhite (Dinar Guru) – [ I have high hopes this time around. Hope Iraq can follow through.]  I am trying not to be too over the top hopeful…but, I am hopeful too…something in the next few weeks/months.
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Poppy3 (Dinar Guru) – WE ALL KNOW THE STATUS AND WHAT CBI , WB, UN, IMF HAVE ALL TOLD US IS HAPPENING SO REALLY ALL WE NEED TO DO NOW IS WAIT PATIENTLY AND LET THEM DO WHAT THEY SAID TO THE WORLD THEY WHERE GOING TO DO THIS MONTH.  

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