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
CURRENCY | CODE | SELL | BUY |
US dollar | USD | 1182.000 | 1180.000 |
Euro | EUR | 1290.035 | 1289.390 |
British pound | GBP | 1696.406 | 1695.558 |
Canadian dollar | CAD | 813.601 | 813.195 |
Swiss franc | CHF | 1177.056 | 1176.468 |
Swedish krona | SEK | 138.369 | 138.299 |
Norwegian krone | NOK | 134.260 | 134.193 |
Danish krone | DKK | 172.855 | 172.769 |
Japanese yen | JPY | 10.005 | 10.000 |
Special Drawing Rights |
SDR | 1635.356 | 1634.538 |
Indicative rates – 01.18.2015
http://www.cbi.iq/
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The worst thing in this world, next to anarchy, is government. – Henry Ward Beecher
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*** Current Posts ***
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Millionday – Report Quote: “Mustafa al-Hashimi confirmed specialist in the field of internet and software electronic that the impact of technology in marketing and achieve productivity has become clear in Iraq…” THE LEVEL OF THE PLAYING FIELD IS APPARENT WHEN YOU APPLY ELECTRONIC CAPABILITIES…THIS REPORT IS TELLING US THAT THEY WILL BE GOING GLOBAL WITH NEW ADVANCED TECHNOLOGY BEING TAKEN ADVANTAGE OF — THIS IS TALKING ABOUT THE IRAQIS REACHING OUT AND DOING BUSINESS WITH THE GLOBE AND THE NEED FOR THE LEGISLATION TO BE ACTIVATED FOR INTERNET SALES… THE CALL TO HAVE IT ACTIVATED HAS BEEN MADE TO DO THIS RIGHT AWAY… THIS IS MASSIVE.
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Mnt Goat (Dinar Guru) – Many keep asking me what the holdup is and I am desperately trying to help you understand there is no hold up. It is just moving slowly and it takes time. In the final analysis you must always also remember the past and the chaos from the Maliki administration. We all know this was set back. From history we know this RV was approved to go in 2012 and was well on it’s way. All I can say to everyone is BE PATIENT! Iraq will get its currency online again (international) and…I believe this is coming much sooner than later.
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Breitling (Dinar Guru) – …this means something to us outside of the note count itself and it has to do with the currency auction. article ” The dollar recorded a remarkable rise in front of the dinar and the news of the central bank forced to floating the exchange rate…” In other words they are going to take out the option of the auction. That means so much to us. If you realize what that means you would throw a party. Why is Iraq making these moves? …The policy coming out of Iraq, the way they are buying gold and selling gold for dinar has completely changed…It’s a beautiful thing, it really is. [post 2 of 2]
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firefly (Dinar Guru) – [did ya ever think we would hear this in public?] NO. There will be no fanfare, no fireworks and no announcements. I feel VERY confident of actions happening right now. Just know we are sitting in a VERY sweet spot right now. I don’t believe we have long to wait at all. Best get your teams together ASAP.
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Poppy3 – things ARE SO GOOD I’M GOING TO PUT MY WHOOPOOW SHIRT ON. GREAT NEWS ALL DAY AND SOUNDS LIKE ALL THE WAY THROUGH TUESDAY WILL BE EXCITING. …HEARD LOTS OF VERY POSITIVE THINGS TODAY. EXCUSE THAT I CANT EXPLAIN… WE ARE LOOKING VERY GOOD.
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Breitling (Dinar Guru) – …Iraq is selling their gold for dinar and that told us how valuable the dinar is. What are we looking at? It’s advantageous for Iraq to sell their gold for dinar to reduce their note count and buy gold at the same time so they can back up their reserve. What’s the other part? It’s supply times velocity… the competition of the US dollar inside of Iraq. This is the article that makes me very very happy… [Post 1 of 2 stay tuned for the rest of the story…]
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Iraqi Dinar/Dollar auction (most recent listing) 01-18-15
Currency Auctions Announcement No. 3117
This daily currency auction was held in the Central Bank of Iraq on the 01-18-2015
The results were as follows:
DETAILS | NOTES |
Number of banks | 28 |
Number of remittance companies | 22 |
Auction price selling dinar / US$ | 1182 |
Auction price buying dinar / US$ | —– |
Amount sold at auction price (US$) | 149,901,714 |
Amount purchased at Auction price (US$) | —– |
Total offers for buying (US$) | 149,901,714 |
Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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SteveI (Dinar Guru) – [I know you thought at one time it would be 3+ however Maliki really screwed up that opportunity for his own people.] Due to the new IMF agreements, it will be close to a 1 to 1 rate. Maybe a bit higher but not much.
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wmawhite (Dinar Guru) – The IMF published an announcement to the world outlining specifically what is left for Iraq to complete in order to move to Article 8. Did the IMF say anything about Iran and its sanction affect the value of the IQD? Answer: no, they did not. I do not understand what Iran has to do with what the IMF is already working with Iraq about. The IMF puts out a detailed document about where Iraq is with entering the market place and guess what…it did not said anything about Iran…so what does the price of chickens in Iran have to do with the IQD?
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wmawhite (Dinar Guru) – As of December 2015 this is where Iraq is. This is from the IMF: The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Do you think that the IMF is so un-informed that when they made this announcement that they did not know about Iran nor the forecast for oil prices? …IMO, all is very well. As I posted, the IMF has informed the world exactly where Iraq is with their move towards Article 8 and the markets.
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Breitling (Dinar Guru) – So it was about $1.25 but they didn’t do that what they did was they started pumping out dinar right off the bat…tons of it. You had to have faith that Iraq was going to reduce the note count. So the currency isn’t devalued…it is not a market based devaluation it’s an economic strategy devaluation. And it’s held at this price for a strategic purpose…Iraq has hit every point they need to hit with their currency and the way they’re adjusting it to build their economy and then they get it to a certain point and guess what? They are going to begin to reduce the note count and they’ve done that. [Post 2 of 2]
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Poppy3 – HEARING RUMORS UNCONFIRMED BUT THAT IRAN CENTRAL BANK HAS ALREADY ANNOUNCED THEIR RV. HOPE THEIR NEIGHBOR COUNTRY AND TRADE PARTNER WILL TAKE A HINT AND FOLLOW THEIR ACTION. THIS SHOULD CAUSE UNBALANCE TRADE AND MORE PRESSURE ON IRAQ. TIME WILL TELL.
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Millionday – …SUMMARY…THE INVESTMENT LAW IS PRINTED IN THE GAZETTE. THE PARLIAMENT SESSION WAS TO BE THE 16TH OF THIS MONTH AND HAS BEEN CHANGED TO THE 19TH. LET ME COVER ALL TO BE VOTED ON AT THAT SESSION — (THIS DOES NOT MEAN THAT ECONOMIC REFORM WILL WAIT FOR THIS SESSION — WE DO NOT KNOW THE DATE). THE PARLIAMENT REFORM VOTE — THE FEDERAL COURT ACT — THE AMNESTY LAW — THE LAWS NEEDED FOR LEGISLATING THE NATIONAL RECONCILIATION CONFERENCE…ALL OF THESE LAWS ARE SO PLANNED TO BE VOTED THROUGH THAT THE FEDERAL AND KURDISTAN IS MEETING NOW AND HAVE BEEN TO MAKE IT GO AS SMOOTHLY AS POSSIBLE. HUGE HUGE PROGRESS FOR IRAQ AND THE GLOBE WITH THESE IN PLACE.
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wmawhite (Dinar Guru) – The IQD is not traded on forex yet…the info on some sites that show the IQD pegged to the USD is NOT trading data… yet…but it is coming, IMO.
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Breitling (Dinar Guru) – There are two stages of the devaluation…you had Saddam Hussain under the old currency and at it’s peak without the note count being messed with it was $3.25 at 1 billion notes. When they introduced the new currency they actually introduced so much in the market…let’s say they went back to the original note count with the economy Iraq was in after the 2nd Gulf War…it was estimated that it would have been around $1.25 because of supply times velocity, the economy, they weren’t pumping out the oil…that was the economic state they were in.. [Post 1 of 2 Stay tuned for the rest of the story…]
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Arthur (Dinar Guru) – The IQD has already been given a defacto gold backed value well above the USD. The Queen has just announced the imminent release of the world wide funds that have been held back for all of these decades.. The Iranian implementation is the final trigger to an international currency reset that will change the geopolitical economic structure of this planet forever. With the release of these worldwide funds and subsequent redistribution of wealth, the 1st quarter of 2016 will go down in history as the moment that changed the world. Very high level meetings are currently underway and the American banking complex is now aware of the upcoming exchange event. Watch for major announcements and unprecedented economic events almost daily during the month of January. I reiterate as I stated 2 weeks ago…THIS IS IT! [post 2 of 2]
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Arthur (Dinar Guru) – As for things that are still needed, there will always be laws in the pipeline for the former most corrupt country in the world to pass to clean up it’s act making it conducive for economic globalization. The question is, when is the progress sufficient for the IMF/UN/BIS/PTB to release all currency restrictions and allow the imminent long awaited launch into the private sector. The affirmative answer was announced by the PM within the past 48 hours. The Ayatollah has announced his dissatisfaction with the reform process which has sparked a new sense of urgency. We have already seen the IMF memorandum giving a February 29 back wall for Article VIII and end of MCP. What most don’t understand is that means in essence that the revaluation of the IQD is no longer just imminent but the process is underway and ongoing. [post 1 of 2….stay tuned]
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