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 3:5 (NKJV)

5 Now may the Lord direct your hearts into the love of God and into the patience of Christ.

Heavenly Father, Thank You that You are Love! Thank You Lord, for directing our hearts into the love of God and into the patience of Christ! 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 – 01.05.2015

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Everyone thinks of changing the world, but no one thinks of changing himself. – Leo Tolstoy

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*** Current Posts ***

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Stryker (Dinar Guru) – Exchange Rate Flexibility:  News on one of the world’s developing market’s move to be more flexible on their exchange rate starting today:  Article quotes:  “Jan 3 Vietnam will announce a central rate for the dong/dollar each day starting from Monday, shifting from a fixed rate of 21,890 dong/dollar to allow more flexibility, the central bank said on Sunday.”  “Under the current system the dong trades around its fixed rate, which the central bank adjusts only occasionally.”  That tells me, and others, that Vietnam is going to announce a new rate and moving it’s current system to a managed float regime in the next few days. Starting in 2011 the White House started asking the developing markets of the world to start being more flexible on their exchange rates and then in 2013 the G-20 nations reiterated their commitment to move more rapidly toward more market-determined exchange rate systems and exchange-rate flexibility. Today we see this finally taking place with the Vietnam announcement above.
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Millionday – “the State will travel to reconsider monetary policy to contribute to a possible cash flow and be able to make some changes to this policy for the exchange rate, auction, banks, dealing with imports,” adding that “there will come the need for changes change that got the Iraqi revenues.”   NOTE — THE POLICY IN PLACE RIGHT NOW DOES NOT WORK SOFOR — CASH FLOW, EXCHANGE RATES, AUCTION, BANKS AND IMPORTS THERE IS A NEED FOR THE NEW MONETARY POLICY TO BE PUT IN PLACE COMING WITH THE 2016 BUDGET.  SO THE GOAL IS TO ACHIEVE THE MOST WITH THE DINAR AND ITS RATE AGAINST THE DOLLAR BY CHANGING THE MONETARY POLICY OF CBI TO ITS NEW EDITION.
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Frank26 (Dinar Guru) – May I Kindly offer this: Why only hear…No RV in January?  Yet not listen to what we said about the 1st quarter of 2016?  I said IRAQ messed up IMO on the 1/1/16.  Never said the 1st quarter was flushed down the toilet.  Then fortified it with USA and Britain busting down the doors at the UN for a request of a frightful tactic that simply SCARES THE HELL OUT OF IRAQ…SANCTIONS!
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Stryker (Dinar Guru) – Article quotes:  “All G-20 nations reiterated their commitment to move more rapidly toward more market-determined exchange rate systems and exchange-rate flexibility” “Leaders expressed their strong support for the elaboration of a post-2015 development agenda.”  We are now post-2015 and we are starting to see many changes around the corner, not only for Iraq but for many other developing countries. Keep your chin up folks and we will see these changes come sooner than some think.  Things that we need to see take place are still being aligned and implemented, we are in great shape, these of course are just my summations of the facts and I could be completely wrong.
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Iraqi Dinar/Dollar auction (most recent listing) 01-05-15 

Currency Auctions Announcement No. 3109

This daily currency auction was held in the Central Bank of Iraq on the 01-05-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) – The CBI, IMF and WB has told us soooooo much information of late that I believe there could be major movement of the monetary reform any day.
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mike (Dinar Guru) – I would have bailed from any other “investment” long ago if the leaders were half as inept as Iraq’s leadership.   Kap’s [Guru Kaperoni] right though, they’ll either squander all their reserves and become insolvent or they’ll move the currency forward by the summer.  
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Poppy3 – [use to see articles about Iraq joining the WTO but now i do not, how does the IQD become international, unless iraq because a full member?]  THEY NEED THE RATE…THEY NEED MORE THAN TO BE A GUEST MEMBER… THEY HAVE TO BE A FULL MEMBER TO HAVE A GLOBAL TRADEABLE CURRENCY SO WE WAIT AND WATCH EVERY MOVE EVERY DAY.  REMEMBER KUWAIT ANNOUNCED ON THE MORNING THEY HAD INDICATED THEY WHERE GOING TO CHANGE THEIR RATE.  THAT MORNING THEY ANNOUNCED NO CHANGE FOR AT LEASED 3 MORE MONTHS.  THAT VERY AFTERNOON…EARLY EVENING BAM , BAM THEY REVALUED. 
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Kaperoni (Dinar Guru) – Article quote:  “but at this time no one can, not even Iraq to continue on the previous policy, because it is impossible to live on oil revenues only…”   All of these conditions are in our favor.  Remember, the worse things get, the more they will do what they should be doing.  
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Millionday – THE TERRORISM GOING ON RIGHT NOW HAS IMPACTED THE GLOBE BUT ECONOMICALLY IRAQ WILL NOT BE STOPPED IN GROWTH OR PLANS…
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Mnt Goat (Dinar Guru) – But here we sit with still no action. But remember it is only Jan 4th and still just only weeks from these events. So do not get discouraged. Remember too Iraq hardly ever does anything on time and is always weeks or even months late. I am also getting other conflicting information that they firmly intend to wait until late Jan to early Feb to continue the process to delete the zeros. But we do also know this. The IMF is refusing to fulfill the 1.2 billions left of dispersement on a loan they approved for Iraq in October 2015 until they fulfill their part of the agreement to complete the currency reform…be assured that that Iraq is under extreme pressure to drop those lower denominations and coins in the public and being the road to the “full” blown RV that we all want.  [post 2 of 2]
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Mnt Goat (Dinar Guru) – In about mid November the CBI began collecting what stockpiles of 3 zero notes were stored at the banks. This action was very significant and could only mean two things: 1) they were going to discontinue the money auctions soon since the capital to buy US dollars just dried up (remember the banks must purchase US dollars using the 3 zero notes), in fact they told us the auctions would end Jan 1st, 2) the CBI was preparing for a significant increase the value of the dinar and did not want to chance these older 3 zero notes being put back into circulation prior to the event. Yes – they were about to launch the new lower denominations and go 1:1 with the US dollar. Yes – the final stages of the process was about to begin.  [post 1 of 2….stay tuned]
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Enorrste (Dinar Guru) – We can only hope that they have figured this out and that they will somehow get the dinars out of the mattresses so they can be destroyed and the value of the dinar to rise to offset the higher prices. Otherwise there will be revolt.  The only good thing about the imposition of tariffs is that it will increase income to the GOI, but at the expense of the citizens of Iraq. I can’t believe that the GOI would be this short-sighted and must conclude that this is being done in conjunction with the MOU with the IMF/CBI.  [post 2 of 2]
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Enorrste (Dinar Guru) – Imposition of tariffs without a change to a float will not work. It will cause inflation in the country and place a heavy burden on the citizens of Iraq due to the higher prices. Unless they simultaneously allow the dinar to float (while reducing the money supply) then the Iraqi’s will see the value of their dinar fall precipitously due to the higher prices of imported goods.  The GOI tried this once already with trade into Kuwait and had to stop it immediately due to the disruption it caused. Now they are going to do it again over a larger territory.   [post 1 of 2….stay tuned]
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