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…

Colossians 3:23 (NKJV)

23 And whatever you do, do it heartily, as to the Lord and not to men,

Heavenly Father, Thank You that Jesus is our Peace! We pray that whatever we do today that we do it as unto You, Lord.

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 – 01.16.2015

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Groups that rose from poverty to prosperity seldom did so by having their own racial or ethnic leaders to follow. – Thomas Sowell

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*** Current Posts ***

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Mnt Goat (Dinar Guru) – What are the laws they are talking about:   #1 priority is the General Amnesty law.  #2 priority is the Federal Court Act.   #3 priority is the Conscription law.  #4 priority is the Two Term limit. #5 priority is to change the Code of Criminal Procedure…  #6 priority – Resolve the Majority 2/3 Rule Dispute  Kind of like giving us a summary on what they intend to do in the next 30-60 days in parliament.This article is also telling us future agendas for parliamentary sessions in February. First they are telling us that Abadi has a third set of reforms coming soon. This new set of reforms this time is dealing with cleaning up parliamentary procedure.  We pray for the process of the currency reform, the full implementation of the Iraqi economy to full international status and the bringing of prosperity and wealth to its people.   [post 2 of 2]
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Mnt Goat (Dinar Guru) – Article:  “PARLIAMENT PASSES THE OPTIMISTIC “GENERAL AMNESTY” AND THE FEDERAL COURT OVER THE NEW CHAPTER”   I want to begin today’s news with an update on the needed laws to initiate the mandates prior to any RV.   I have explained to you many times already many of the needed laws for Iraq to satisfy its obligations under the mandates set forth for the phase of the Abadi government thus allow the currency reform to take place. In other words once these mandates are completed they will have nearly a “fully” implemented constitution thus a full government. This will pave the way for currency reform.  What is more amazing is that they are now coming right out and telling us what these laws are, their urgency and priority in parliament AND all this in ONE article.  [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) – The stuff the IMF called for to be completed by the end of February 2016 is already done…implemented, done, done.  This is what we are looking for today: “remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.”  The IMF wrote that announcement in November 2015, and released it in December 2015…so the IMF did not tell us it was done…we know they are done because it has been announced by the GOI.  We are at a disadvantage because we do not know exactly what to look for when looking for exchange rate restrictions, for example.  [I’ve been in this for awhile now and I know we are closer today then ever so…I just pray it will be soon.]  I agree… and…the IMF has told us a lot and specifically what the government is doing at this moment…the problem is that we do not know how to identify those to items.
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Breitling (Dinar Guru) – People don’t realize this but it’s getting harder and harder to get different [Iraqi dinar] denominations in the United States…that’s superbly good news for us.  A.  People aren’t willing to give it up.  2.  There’s just not as much out there…because what are they doing?  They’re reducing the note count.  You’re just looking at a natural market reaction…supply and demand.  And the venues that supply the dinar for us do not have what they used to have so that’s a beautiful thing all in and of itself.
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Adam Montana (Dinar Guru) – [What is really the hold up?]  The “hold up” hasn’t changed…it’s the same thing. The CBI has to be able to maintain control of the exchange rate, and the same factors will always come into play. They are doing it right, and I respect them for taking their time (even though I’d like to have been DONE with this discussion years ago!).
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Poppy3 – …JUST HEARD FROM BAGDAD — ABADI TO MAKE ANNOUNCEMENT SPEECH TOMORROW [SATURDAY] TO THE COUNTRY.  NO DETAILS ON WHAT HE WILL SAY.  FIGHTING ERUPTED THIS EVENING IN BAGDAD. PEOPLE ARE PISSED AND TIRED OF ALL THE UNFULFILLED PROMISES. MAY BE THAT THE NEW RATE IS WHAT IT WILL TAKE THIS TIME TO CALM THEM BACK DOWN. REMEMBER LAST WEEK HE PROMISED AGAIN THEY WOULD SOON HAVE MORE BUYING POWER . PRAY THIS TIME THAT HE FOLLOWS THROUGH WITH ACTION AND NOT JUST WORDS .
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from 01/14 – 8:00pm CST

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Kaperoni (Dinar Guru) – Article:  “MP…Maliki the Iraqi economy is now in a real crisis and it is not possible to raise the value of the Iraqi dinar against the dollar”    IMO this is a great article because even though they can’t at this time, they are confirming (of sorts) that the plan is to raise the value of the dinar…to have them refer to it stating “raising the value” is complete confirmation.   This is the year of currency reform.  To much on the line to let to drag on.  With the IMF and MoU/trustreeship it will get done.  From there..we will just have to sit back and watch it rise as the investment boom begins.
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Millionday – Article quote:  “The Iraq Finance 2016 conference gathers together all major stakeholders involved in directing the economic development of Iraq towards greater growth and stability.”
OBVIOUSLY THIS IS A HUGE FORUM PLANNED…HOWEVER — IRAQ IS PRESENTING ITSELF THE FIRST PART OF MARCH TO THE GLOBE — SPONSORED BY MANY INTERNATIONAL COMPANIES — INVESTORS-MASTER CARD — MANY BANKS — AND THE LIST IS LONG — ALONG WITH KURDISTAN IN UNITY.  THERE IS ALOT OF INFORMATION OUT AND ALSO WITHIN THE BUDGET LAW —  OBVIOUSLY THE INVESTMENT LAW BEING PRINTED IN THE GAZETTE AND ALSO THE WORLD BANK LOAN BEING PART OF THE BUDGET — THE AGREEMENT MADE WITH THE WORLD BANK AND IRAQ HAS BEEN MET.   [could have rv before this?]   I DONT HAVE A DATE BUT WITH INVESTMENT LAW AND BUDGET LAW COMPLETE — AT ANYTIME THEY WILL PRESENT THE ECONOMY AND ALL REFORMS AS ANNOUNCED.
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Enorrste (Dinar Guru) – While the situation is tenuous, to say the least, it is my firm view that we are almost at the point of a disorderly exit from the fixed rate.   Once that happens there will be a temporary fluctuation, most likely down initially, in the value of the dinar, followed by a rise commensurate with the underlying value of the currency. I am currently prepared to buy dinar.  I will do so at the advent of this change, whenever it occurs, irrespective of the price of oil or the ISIS situation.  I was a commodities trader in the middle to late 1980s and I learned at that time that the wise person buys at the bottom and sells at the top.  When all others panic and are ready to bail out, I will do just the opposite.  Put another way, it is always darkest just before the dawn.  This is not a recommendation on my part by any means.  My decisions are mine alone.  Others will do what they will based on their own analysis and financial conditions.  All I am saying in this post is that, in my view, this sucker is about to move.  It is very dark right now.  So be it.  Having said that, there are people all over the world waiting for the dawn.   [post 3 of 3]
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Enorrste (Dinar Guru) – Having said that, however, I don’t believe that the IMF is a whole lot more savvy than the CBI in terms of control of the situation.  They have as much as admitted that the low oil prices and the ISIS situation have exacerbated…the situation to the point of crisis.  Still, they have also clearly laid out a plan which…is forthright and direct…  Therefore, it is my opinion that we will see a disorderly exit from the fixed rate regime to a floating rate regime in the near future.  It will not be a surprise to me to see the initial reaction from the market to be a drop in the value of the dinar.  This drop will be precipitated by a lack of confidence rather than the fundamentals, in my view.  However, within a short time it will become evident that the dinar is well backed by reserves and the process will reverse itself.  [post 2 of 3….stay tuned]
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Enorrste (Dinar Guru) – What is clear to me from this article is that there will be a disorderly exit from the fixed exchange rate.  The CBI has let this go too far, even to the point of reducing its reserves by nearly 30% in an attempt to control the market rate at or near the official rate.  The reason that the IMF has been allowed to enter into this situation is due to the fact that the CBI (without Shabibi) has no idea how to solve the problem, especially with the lower price of oil and the ISIS crisis sucking up their funds.  The arrival of the IMF as trustee over the CBI is a clear indication to me that my prior statement is fact.  The CBI is at a loss to know what to do.  However, the IMF has a clear vested interest in the success of this process of democratization in Iraq.  I believe that the die is cast in that sense:  they will not let Iraq fail.   [post 1 of 3….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 01-14-15 

Currency Auctions Announcement No. 3115

This daily currency auction was held in the Central Bank of Iraq on the 01-15-2015

The results were as follows:

More: https://dinarupdates.com/observer/
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rcookie – Quote:  “IMF agrees to Iraqi economic programDirect”    IT IS IRAQS REPORT CARD OF ECONOMIC & FINANCIAL POLICY SINCE THE AGREEMENT OF IMF MONITORING & OVERSIGHT…WHAT THEY HAVE DONE…ARE DOING..AND TASKED TO DO GOING FORWARD… THE END OF FEBRUARY…IS ONE OF THE REVIEW INTERVALS FOR THE IMF OVERSIGHT PANEL TO MAKE SURE THE IRAQIS HAVENT STRAYED AWAY FROM PROGRAM AND ECONOMIC COMMITMENTS…AS A MATTER OF FACT THEY HAVE PRE-DELIVERED (EARLY) ON THE MAJORITY OF THEIR MANDATES…AML LAWS…IAS IMPLEMENTATION…AND EVERY BUDGETARY MANDATE… DEFICIT REDUCTION…SALARY LADDER IMPLEMENT…3 YEAR HIRING FREEZE…NON OIL REVENUE STREAMS INCLUDING CUSTOM TARIFFS ACTIVATE (IN BUDGET).  …AND WE ARE ALL THE PROUD PARENTS OF IRAQS EXEMPLARY REPORT CARD SO FAR!
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Adam Montana – [With oil at an 11 year low and projected to continue its decline, does this change your opinion about an RV rate of $.10-$1.00?]   Nope – I actually foresaw this many years ago. If I had thought the PPB would stay high, I would have projected a higher RV rate.
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Kaperoni – Article quote:   “The Iraq Finance 2016 conference gathers together all major stakeholders involved in directing the economic development of Iraq towards greater growth and stability.”    …back when Shabibi had the CBI, there were plans for the dinar and a market economy. For whatever the reasons, those were not accomplished. We all know parliament, Maliki, tribal, Iran, etc. all participated in holding progress back. That being said, it’s different this time. This time we have the Prime Minister on board, the CBI Governor, the Finance Minister, and the IMF and WB. Sure it is not 100% but to me (and maybe I am naive) but I see the “potential meter” rising almost daily. Who knows, maybe they will enter this conference in March much further along than we expect.
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wmawhite – For those of you who maybe concerned about the “2%” spread…. interestingly the IMF isn’t as of this latest document. Here is their statement:  “The spread between the official and the parallel foreign exchange market rate receded to around 2 percentage points since August from as high as 16 percentage points in June, as a result of the elimination of the obligation to prove custom duty and income tax payments before “buying foreign exchange.”
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rcookie – …GOT THE IMF…PRESS RELEASE….AND WOW!  THAT LETTER OF INTENT… …MEMORANDUM OF ECONOMIC & FINANCIAL POLICIES…ALONG WITH TECHNICAL MOU…COMBINED WITH VERBIAGE & CONTENT OF 2016 BUDGET…LEAVES NO ROOM FOR SPECULATION OR…OPINIONS…IT IS IN BLACK IN WHITE…WHAT THEY HAVE DONE…WHAT THEY ARE DOING AND WHAT THEY WILL DO…ALL LAID OUT FOR US!  THE BREAKDOWN OF THE IMF LETTER OF INTENT IS SO AMAZING …ALONG WITH THE NEWS IN LAST COUPLE OF DAYS….WOW!
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