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 – 01.06.2015 (no change as of 01/05)

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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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Millionday – Article quote:  “Announced the Ministry of Commerce for import licenses to embrace the receipt of fees and export via the smart card ironing Card as of the tenth of this month…”  NOTE — THE SMART CARDS ARE TO BE ABLE TO BE USED BY THE 10TH OF THIS MONTH FOR EXPORT FEES ETC.   THE SMART CARD WILL ALLOW DOCUMENTATION AND IT IS BEING ANNOUNCED AS THE BEST WAY TO BEGIN TRADE FEES ETC… HUGE NEWS…
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tman23 (Dinar Guru) – THE ONLY THING WE NEED TO KNOW AS A FACT IS THE CBI GAVE THE GREEN LIGHT TO LIFT THE 3 ZEROS BACK IN MARCH OF 2015…AND THE 2ND ONLY THING WE NEED TO KNOW IS SHABIBI HAS APPEARED ACTIVE SINCE THAT ANNOUNCEMENT AND HE SAID IN THE PAST THAT THE TIME TO LIFT THE 3 ZEROS IS AT THE START OF THE NEW YEAR…NOT IN THE MIDDLE OF A QUARTER OR HALF WAY THROUGH THE YEAR. THOSE MY FRIENDS ARE FACTS STRAIGHT FROM THE SOURCES THAT COUNT…
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Frank26 (Dinar Guru) – THERE ARE NO TAX AND TARIFFS RIGHT NOW…at the borders or anywhere, not until this new budget law is IMPLEMENTED…that’s what’s going to MOVE IT FORWARD.  So, inside the budget…is the 4th part of the HCL…THE MOMENT YOU SEE THAT HCL, it’s because THERE’S A RATE CHANGE.   I’m not happy they did not raise the exchange rate on Jan. 1st, because IMO they were supposed to.   I do know they are progressing and I’m happy and I know they’ve got the first quarter LEGALLY with the 2016 CONTRACTS WITH THE IMF AND BIS FOR THE 1ST QUARTER.  1-1-16 IMO was the date they missed and that’s why I tell you there is NO RV IN JANUARY and that’s why I tell you to look for the BUDGET LAW in the GAZETTE. THEN WE CAN CONTINUE THIS MONETARY REFORM with still 2 months left in the 1st quarter of 2016.   [post 2 of 2]
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Frank26 (Dinar Guru) – We told you they’re looking for the TRIFECTA on the 31st-1st. What was that trifecta? We were looking for the tax and tariffs and we were looking for lower denom’s? We we don’t need to look for the LD’s right now – other things are happening that’s so important for the MR.  EVERYBODY was HOPING we would see something on the 31st-1st. E-V-E-R-Y-0-N-E on this planet had expectations for the 1st of 2016.  A long weekend, at the beginning of the year – a perfect opportunity.  But I want you to know something…Sunday…They ratified the 2016 budget and THEY ALL SIGNED IT…which is they passed it.   The 2016 BUDGET LAW IS NOW GOING TO BE ANNOUNCED AND IMPLEMENTED.  And, until we have the budget law, you will not have a budget for 2016.  It’s a new law that APPROVES THE BUDGET. The Budget Law is what activates the 2016 budget and we believe within the next 72 HOURS THE BUDGET LAW WILL BE PRINTED IN THE GAZETTE.  [post 1 of 2….stay tuned]
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TD – Regarding the recent quote by the CBI regarding “re-evaluation of the investment shares” etc. etc.   I checked with my Kurdish friend about the meaning/translation of that message and he basically concurs with what [Guru] American Contractor recently wrote and that is this is a call from the CBI to its banks, financial institutions, stock market based companies to “consolidate and finalize their books ” for fiscal 2015″. Essentially people are misreading the translation. It has NOTHING to do with currency rate change.

(BEWARE THESE TWO GUYS) ______________________________________________________________

Chattels (Dinar Guru) – 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. Zebari said in his interview yesterday that the IMF loan proceeds had been received.   …Or World Bank Loan.!   Quote:   ” …a few days ago we received one billion and 200 million dollars from the World Bank…”  None left to disperse from the 1.2 billion it would appear. [post 2 of 2]
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Chattels (Dinar Guru) – Article quote:  “The Kurdish government will stop delivering oil to the central government in Iraq and will instead export oil independently to make up for its budget shortfalls “, said the chairman of the KRG’s finance and economic affairs Izzat Sabir Ismael told Bloomberg News.” This statement is not from some irrelevant MP. It is the the chairman of the KRG’s finance and economic affairs. If true then the oil and gas provision in the Iraqi budget has just been nullified.  I doubt that the Kurds will be sending any tariff revenues to Baghdad either.  My sense is that the Kurds are approaching “self sufficiency” with their oil exports or at least revenues equal to or greater than funding from Baghdad.   I had some hope for this budget law, but…we shall see.  [post 1 of 2….stay tuned]
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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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