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 Corinthians 9:8 (NKJV)
8 And God is able to make all grace abound toward you, that you, always having all sufficiency in all things, may have an abundance for every good work.
Heavenly Father, Thank You that You are Faithful and True! Thank You for Your abundance of amazing grace for every good work.
In Jesus Name, Amen.
Mrs. BGG
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CURRENCY CODE SELL BUY
Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1270.177 | 1269.542 |
| British pound | GBP | 1733.876 | 1733.009 |
| Canadian dollar | CAD | 844.708 | 844.286 |
| Swiss franc | CHF | 1170.297 | 1169.712 |
| Swedish krona | SEK | 138.868 | 138.798 |
| Norwegian krone | NOK | 132.476 | 132.409 |
| Danish krone | DKK | 170.253 | 170.168 |
| Japanese yen | JPY | 9.890 | 9.885 |
| Special Drawing Rights |
SDR | 1630.640 | 1629.825 |
Indicative rates – 01.10.2015
http://www.cbi.iq/
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The idea is quite unfounded, that on entering into society we give up any natural right. – Thomas Jefferson
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*** Current Posts ***
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Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Monday evening at 7:30pm EST!!
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rcookie – Quote: “Cabinet Advisor for Economic Affairs Mohammad Saleh appearance on Saturday, the Government could borrow part of the money the Central Bank for help in the financial crisis…” SALEH STATED THAT THERE ARE 50 ARTICLES SIMILAR TO ARTICLE 26 TO INVOKE FOR THE STATE WHEN IN NEED OF DIRE CASH…THIS IS HUGE…CHANGE IN CBI POLICY…AND LAWS…AND THE CBI CHANGE IN POLICY TOWARD ARTICLE 26…BORROWING DIRECTLY FROM CBI…10-15% OF 2015 BUDGET…AND CAN BE LENT IN FOREIGN CURRENCY…COULD NEVER… EVER…EVER HAVE HAPPENED IN MALIKI REGIME…OR WITHOUT IMF MONITORING AND OVERSIGHT THAT IS IN PLACE NOW.
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Frank26 (Dinar Guru) – …3 reasons were understood by these COINS…NOT 1 of them was about…A Rate. The net will continue to try and use these COINS to do the NEW MATH. Too bad…IOO…They are missing the true…COLOR.
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Aggiedad77 (Dinar Guru) – IMO…there was an article out a day or two ago…it happened to mention a “devaluation”…articles today…are IMO pointing to that article and letting the rest of Iraq know the CBI is the one who has control over what the rate will be for the IQD…they are the authority here…any change must and will come through them. They are letting the citizens know they are well aware that any reduction in the IQD value would mean a disaster for the citizens…again… IMO… these are all good points the CBI is making at this time.
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Iraqi Dinar/Dollar auction (most recent listing) 01-10-15
Currency Auctions Announcement No. 3111
This daily currency auction was held in the Central Bank of Iraq on the 01-10-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 18 |
| Number of remittance companies | 14 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 145,512,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 145,512,000 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) – I have always wondered how the final few steps would play out…how would the CBI eventually show the true value of the IQD…Could they be doing that at this time? Are they not placing a value on the IQD by offering gold for it?
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rcookie – WE…KNOW EXACTLY WHAT PARLIAMENT WILL BE DOING WHEN THEY RETURN ON 19TH…AMNESTY LAW…FEDERAL COURT LAW…DEBAATIFICATION LAW…AND KNOW THAT BUDGET DISBURSEMENTS EARMARKED TO EXECUTE AS SOON AS BUDGET POSTED IN GAZETTE…
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Frank26 (Dinar Guru) – The lava flow is moving tremendously…the HCL is in the budget…there is a rider in the budget…the T&T [Taxes and Tariffs] is in that budget…this budget law has been put in the Gazette…So a lot of international hookups that are occurring right now…the smart cards on the 10th.
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Mnt Goat (Dinar Guru) – Parliament has been on recess since Dec 16th. This week they told us that parliament will discuss and vote on many important laws in the coming session after the legislation recess ends on Jan 19th, including the General Amnesty law, the law on the Prohibition of the Baath Party and the Federal Court Act. Article quote: “Baghdad Legal Committee of Parliament announced the completion of most of the laws entrusted to it through the chapters legislatures past.” Iraq is really under pressure to complete all of these remaining important laws. …this is very good news and we all should be very excited.
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It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars
Called on the central bank, on Thursday, the banks to buy gold Meskukath, and while noting the arrival of specie 100 dinars category, stressed that the price of 720 000 dinars. The bank said in a statement Alsumaria News a copy of it, that “in order to diversify the public savings and to ensure receiving a gold 24 carat has contracted with an international company Stamping 5000 specie souvenir gold “, adding that” the coins are from 100 dinars category weight of 15 grams on the occasion of Eighty-fourth anniversary of the founding of the Iraqi PMA 1930, in addition to the 5000 specie category 250 dinars weight 22 grams on the occasion of sixty-eighth anniversary of the founding of the Central Bank of Iraq in 1947 “…
Read More: http://www.dinarupdates.com/blog/
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Millionday – FIRST LET ME SAY THAT CBI HAS CALLED ON ALL BANKS TO TAKE OVER UNDER INTERNATIONAL COMPLIANCE RULES AND REGULATIONS — THIS IS ACCOUNTING STANDARDS AND ALL THAT GOES ALONG WITH GLOBAL INTERNATIONAL BANKING. THERE HAVE BEEN MANY RELEASES OF HUGE HUGE REPORTS GIVEN BY GOVERNMENT AND CBI …AND OBVIOUSLY ARE ABOUT THE ADVANCEMENT OF IRAQ. CBI ORDERS ARE TO BEGIN AS OF JANUARY 1ST THIS YEAR — SO FISCAL YEAR. VERY EXCITING OF COURSE.
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Poppy3 – RV IS IN SIGHT IN MY OPINION. ACCORDING TO CBI, IMF THEY ARE MAKING SMART CARD…GLOBAL SUNDAY OR MONDAY THIS WEEK. THEIR WORDS NOT MINE.
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Poppy3 – WE AREN’T RUNNING THE BASES RIGHT NOW WE ROUNDED HOME AND NEXT STEP IS SCORING . KEEP SMILING RICH FRIENDS.
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“for Dinar News – that MATTERS!!”
from 01/07 – 5:30pm CST
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Frank26 (Dinar Guru) – I will tell you the World Bank and the CBI are very close right now…making calculations or arrangements that are necessary…for the Iraqi dinar to join them. So why would they have an interest in a vagabond…of course they would if there was money to be made.
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Chattels (Dinar Guru) – Tariffs? How significant are they in the great scheme of financial matters for Iraq? My sense is that too much is being made of them relative to our liquidity event and as a solution to Iraq’s economic woes. The greater significance and consequence of the imposition of tariffs in Iraq for our event may be INFLATION. I have never seen any revenue projections to the State of Iraq as a result of the tariffs.
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BGG – …if they are willing to GIVE UP GOLD from their reserves… for IQD – that means they are “buying” – they must think it has VALUE… This is the CBI mind you. the basic premise is this – the CBI is willing to trade GOLD for IQD…that only says one thing to me.
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BGG News Time Chat 1-07-16 PM
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
Welcome to dinarupdates.com for News Time with BGG!!
BGG: BTW – I get asked all the time – why would I post something I don’t COMPLETELY agree with??
BGG: Simple – who am I?? Just because I may or may not agree with “so and so…” doesn’t mean I won’t pass it on… (AND) we have “culled out” those I believe to be legit CON ARTISTS.
diagyAAAE: Is Iraq under Islamic Sharia Law? Are they considered an Islamic Country?
satrib: works for me…thank you
diagyAAAE: Religious Affairs: Do not “sanctity” to borrow from the International Monetary and Iraq is not an Islamic state
Wednesday 6 January 2016 | 19:21 BAGHDAD / .. The head of the Committee of Religious Endowments and Religious Affairs Abdel Azim parliamentary Ajman, Wednesday, borrowing from the International Monetary no “sanctity” the fact that Iraq is not an Islamic state and of government is not based on the “Caliphate”.
He said Ajman’s “Eye Iraq News” that “borrowing and usury is forbidden in Islamic law, but the situation in Iraq and the conditions experienced by the economic higher interest require the borrowing of some countries,” noting that “Iraq does not deal with an Islamic state, so there is a violation of the proceeded through borrowing Including”.
diagyAAAE: He said “there are international laws and the Iraq applied even if violated Islamic law, the fact that the supreme interest and the interests of the people requires that governance in Iraq is not an Islamic and succession approach,” stressing that “in the absence of borrowing and not to give the government the salaries of the staff may prompt some employees to different crimes for a living .. In borrowing pays the damage on the Iraqi people. ”
In what was considered a member of the Committee of Religious Endowments and Religious Affairs MP Salim Chockh Yi, a painful Wednesday, Iraq borrow from the International Monetary Fund “violation” of the provisions of Islamic Sharia law.
It announced the World Bank, in (December 18, 2015) agreed to give Iraq a loan of one billion and 200 million dollars to help Baghdad in controlling public finances and improve the efficiency of the energy sector and offset the decline in oil prices and the escalating costs of security conditions.
diagyAAAE: aynaliraqnews.com
BGG: I don’t think that would be accurate… they are heavily “influenced by Islamic teachings” – but generally (and historically) they have been something of a “secularist Muslim country”… what does that mean… not easy to quantify – but they are no Iran.
BGG: and this – generally – is probably good for us…
diagyAAAE: I would have to agree
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Read More: http://www.dinarupdates.com/showthread.php?28201-Bgg-news-1-6-16
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