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

http://www.cbi.iq/

Indicative rates – 01.11.2015

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What this country needs is more unemployed politicians. – Edward Langley

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Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Wednesday evening at 7:30pm EST!!

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rcookie –  THE BUDGET AND ITS CONTENT WERE ONLY PART OF THE NEWS FROM LAST NIGHT…IN INK…TARIFFS & TAXES LAUNCHED…SMART CARDS (MOXIBUSTION CARDS) FOR IMPORT/EXPORT SINGLE WINDOW LAUNCHED…BUDGET POSTED (REVISED) WITH T&T AND STATEMENT OF POSTING IN GAZETTE…ELECTRONIC MECHANISMS FOR INTER COMMUNICATIONS BETWEEN ALL BORDER CHECKPOINTS… COMPLETE BREAKDOWN OF BUDGET LAST NIGHT  …MAJOR CHANGE IN CBI LAW & POLICY…ARTICLE 26 WITH CBI ABLE TO LEND DIRECTLY TO GOI…ALL LOANS FOR IRAQ…WB..IMF…ISLAMIC BANKS..COMMERCIAL BANKS…JICA JAPANESE LOAN…AND MANY MORE ALL ACCOUNTED FOR IN BUDGET. THE BUDGET IS IN 100% CONFORMITY WITH IMF & WB MANDATES AND EVERYTHING IS THERE INCLUDING KURDS 17%…PESHMERGA 3%…OIL AGREEMENT PARTICULARS…
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firefly (Dinar Guru) – You folks still trying to figure out the rate?  I GUARANTEE IT WON’T BE 5 CENTS…OR 1:1.  1:1 isn’t going to work.  I don’t do rates but anything less than pre war makes absolutely no sense to me just IMO.  Those are the only REAL numbers that have been in print… IMO…We are at the end now…From what I am being told by many people.  IMO they have run out of time…
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Kaperoni (Dinar Guru) – I don’t personally think any exchange rate used in the budget (operational side) means anything.  It simply can be recalculated at anytime at whatever the rate is because the budget is based on dollars.
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Iraqi Dinar/Dollar auction (most recent listing) 01-11-15 

Currency Auctions Announcement No. 3112

This daily currency auction was held in the Central Bank of Iraq on the 01-11-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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BGG – [Is it not true, where the CBI is saying they won’t change the rate, that the rate in the budget is already the new rate. This is how they can truthfully say they’re not changing it?]  it is true “someone” in the CBI has said they won’t change the rate… this rhetoric means little… there is no evidence the new rate is the the budget – or even that it would have to be? Did China have to go back and redo their budget once they revalued their currency up by 20%?  No.  Moreover – why would they “telegraph” such information?  there may well be articles saying as much… but until we actually see it in the Gazette and “in the budget” – there is no such evidence.  This is serious business… little people like us may be “on the fence” – but I can assure you – there are big investors out there keeping an eye on this, they are still “on board”.
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Bluwolf (Dinar Guru) – We are minutes away from receiving some news on what we have been expecting for the last 14 years.  This is imminent now…  Be prepared and have all plans ready, it will be soon in my honest opinion.
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Mnt Goat (Dinar Guru) – As time passes Iraq sneaks out new target windows to us.  …between now and the end of the month we should begin to slowly see more rhetoric about the project to delete the zeros as we come closer to the timeframe.  ...they came right out in early December and flat out told us they were “postponing” this timeframe and moving it back to late January / early February.  Is Mnt Goat committing to an RV date?  NO! Absolutely not. I am simply giving you the FACTS and how they seem to be focusing on a timeframe.   [post 2 of 2]
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Mnt Goat (Dinar Guru) – …we sit and we await for the “official” word from the CBI to allow the distribution of the new lower denominations. We know that when they do launch the lower denominations this must first be accompanied with a significant increase in value and we are told it will be a 1:1 par value with the US dollar.  We also know that Iraq is trying to time other events too like paying out on HCL and the Pensions program with the launching of the lower denominations. All three of these events can mandate a significant increase in the dinar value but the GOI would rather feels it not wise to launch one without the others.  [post 1 of 2….stay tuned]
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Frank26 (Dinar Guru) –   “after it has been installed price in the budget agreement with the Government and the International Monetary Fund “.   Math …Is done.
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wmawhite (Dinar Guru) – […how long till they are Article 8?]  IMO, that is what the CBI is working so closely with the IMF about.   IMO, entering the markets during the 1st part of 2016 requires an international recognized currency which is an Article 8 currency.
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Delta (Dinar Guru) – “after it has been installed price in the budget agreement with the Government and the International Monetary Fund “.   IT LOOKS LIKE THE NEW BUDGET HAS A RATE THAT WAS AGREED WITH THE IMF.
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wmawhite (Dinar Guru) – folks, the CBI has the ball inside the 10 yard line. It needs a touchdown, and field goal will not help because there is less than a minute left to play…all of this other stuff; hcl, amnesty law, national guard law is extra stuff we don’t care about….concentrate on the ball and the CBI.   IMO…this game is winding down and I am amazed at the information we continue to be provided.  The IMF told you and me how this will play out…remember, they said…that Iraq will enter the market during the 1st part of 2016.  Based upon that information you know how it will play out.
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tman23 – The IMF did make the statement that Iraq will enter the world market 1st part of 2016… So ask yourself…What does Iraq have to export from agriculture or manufacturing?   NOTHING IS THE ANSWER!  So again, why announce Iraq to the world market? The only reason can be to exchange their currency for foreign currency to purchase imported goods. None of that means our 3 zero notes will be worth more money. WE only hope that it will be worth big returns on exchange.
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