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…

James 1:3-4 (NKJV)

3 knowing that the testing of your faith produces patience. 4 But let patience have its perfect work, that you may be perfect and complete, lacking nothing.

Heavenly Father, Thank You that You are the Author and Finisher of our faith! Thank You for the work You are doing through the Holy Spirit in the Body of Christ. Thank You for Your patience 🙂 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 – 01.22.2015

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If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand. – Milton Friedman

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*** Current Posts ***

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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/22 – 8:30pm CST

Smart phone user link – Click here

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Mnt Goat – ...just this week we witnessed a news brief by the IMF on the SMP and then we read about more February timelines / deadlines for Iraq to accomplish certain goals related to currency reform. This was all excellent news and now we wait and watch to see their next move. This is all we can do and so speculation…will not make the RV happen any sooner.   In fact it is not even about the RV but rather getting their currency back online so Iraq can easily and efficiently trade with the rest of the world.  …my contact in the CBI was trying to tell me…to be aware of any news related to currency reform. This statement in itself was telling me we are not that far from the RV.  [post 2 of 2]
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Mnt Goat – I want to… caution all of you not to stake timelines of an RV based on the publishing of the 2016 budget or any future budget in the official gazette. I know darn well not to expect an RV today or anytime within the next couple weeks, at least. This is not an opinion I bring but a FACT.   But there is lots of news coming out about the necessity to do something with the value of the dinar against the US dollar.  Since late October it is common conversation by Iraqi economists to put pressure on the GOI and the CBI to do something to raise the value of the dinar. We know that the dinar must go international if they are to be as diversified as they claim the need to move towards in their economy to get over this economic crisis. But it is not as simple as just “pulling the trigger” on the RV to correct the situation. No matter how hard Iraq wants the RV they will not be allowed to do it until they are fully ready.   [post 1 of 2….stay tuned]
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rcookie – 1ST ON MONDAY WE HAVE ANNOUNCEMENT OF CUSTOMS & TARIFFS LAUNCHED IN ALL PROVINCES… IN ACCORDANCE WITH ARTICLE 24 (A,B,C) OF 2016 BUDGET…THEN YESTERDAY WE SEE THAT GENERAL ELECTRIC IS ANNOUNCED AS PRIMARY AGENT FOR ELECTRIC PLANTS & MAINTENANCE IN ENTIRE COUNTRY AS GUARANTEED ALLOCATION IN ARTICLE 31 OF 2016 BUDGET…THEN WE SEE THE ANNOUNCEMENT OF FOREIGN INVESTMENT TOWARD PRIVATIZING IRAQI AIRWAYS AND RE-OPENING OF EUROPEAN FLIGHT SCHEDULES FROM IRAQ AND MASSIVE EXPANSION PLANS WHICH WILL ALSO BE SUPPORTED BY GUARANTEED ALLOCATIONS IN ARTICLE 31 OF 2016 BUDGET…THEN FINALLY TODAY WE SEE ANNOUNCEMENT THAT FOR 1ST TIME SINCE 2003…IRAQ SELLS BONDS TO LOCAL CITIZENS… TOTALING 5 TRILLION DINARS THIS YEAR…3 YEAR TERM..10% INTEREST…HAVING ALREADY ISSUED TO LOCAL BANKS…AS OUTLINED IN 2016 BUDGET (CHAPTER II..ARTICLE 2.. SECTION B..PAGE 10) WOW…THIS ALL DONE AND BUDGET INK IN GAZETTE STILL WET!
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Millionday – Article quote:  “State of Iraq, will host the third International Conference on Finance and Banking, in an open dialogue between Iraqi officials and international business partners and investors…The event will be held from 7 to March 8, 2016 in Beirut, Lebanon.”  [you would think if Iraq was hosting this conference that their currency would be internationally recognized?]  I WOULD NOT BE SHOCKED BY IT — IMO THEY HAVE MADE IT CLEAR THAT THEY ARE GOING OUT TO THE MARKET AND THIS APPEARS TO BE A GREAT TIME WITH EVERYONE THERE IMO.
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Frank26 – The Budget is finally official with the G [Gazette] publication. But there is NO RATE that is official yet. Hence specific parts of the Budget are not alive as of yet.
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Vice calling on the government to raise taxes and the value of the currency to bridge the budget deficit

[Baghdad-where] Deputy for the National Alliance called on the government to raise taxes and the value of the currency to cover the deficit in the fiscal budget…

Sadiq frankincense told all of Iraq [where] that “the economic situation may be confusing but bridging the fiscal deficit is a real dilemma, noting that” there are several measures of the government to overcome this crisis and is now in the process of study, including raising taxes and the value of the currency in order to plug in the budget…

Read More: http://www.dinarupdates.com/blog/
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Poppy3 – JUST GOT THE CONFIRMATION THE BUDGET WAS PUBLISHED TODAY [Thursday] IN A SPECIAL EDITION BUT PUBLISHED…WITHOUT THE HCL…NO RATE…
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Millionday – [is it possible for abadi to be out of the country when it rv’s?]   ANY ECONOMIC CHANGE CAN TAKE PLACE THAT IS DONE BY CBI WITH ABADI IN COUNTRY OR OUT AS LONG AS REGULATIONS ETC ARE IN PLACE THAT HE PLANNED —IMO…  THE RETURN OF IRAQ OR I SHOULD SAY THE NEW IRAQ IS HUGE — IMO ABADI WOULD WANT TO BE THERE FOR ANY POSITIVE CHANGE ETC — BUT HE OBVIOUSLY DOES NOT HAVE TO BE.
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tman23 – Quote:  “Ministry of Finance held in coordination with the Economic Affairs Committee meeting Wednesday evening, under the chairmanship of Finance Minister Hoshyar Zebari and oil Ministers, planning, agriculture, and the Governor of the Central Bank and a number of Committee members in addition to a number of financial experts, economists and academics to discuss the financial situation in Iraq.”  THEY ARE NO LONGER IN A CORNER, IT IS MORE LIKE THEY ARE AT THE END OF THE PLANK…AND DELAYS ARE NO LONGER AN OPTION.
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wmawhite – …the IMF has told the world how Iraq (CBI/GOI) is…not may…but is moving towards Article 8 compliance and that they (the IMF) expects Iraq to enter the market during the 1st half of 2016. [so we have till june?]  We may have only until next week, or next two weeks, or until March or May. However, I go with the expectations of the IMF.
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1-22-2016   Newshound Guru firefly    Quote:  “Ensure that the federal budget law  The issuance of the new issue of the Gazette of Iraq call (4394)”  Yep, it’s in the Gazette…looking at it now…So it appears the budget was published on the 1st but it is just being shown to us now. Another event that’s been hidden for 3 weeks.  This is not anything new. They show it to us when they want to.
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SteveI – So lets look at both sides of the coin now.  So it is not pegged to to Gold, what else could it be pegged to? Yes the USD, which is still fairly close to a 1:1 or a bit less at the moment, regardless worth something. If there will be no immediate future value, …all will cash in and walk away. So who are the winners here, most everyone including yourselves.  Now it comes out at a $3 plus rate, who is the winners here, again you are, but I do not see how Iraq can support that type of cash out now that oil is so low. Iraq needs to be able to set themselves up for success, not a rate that cannot be sustained.   [post 2 of 3….stay tuned]
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Dinar Call w/BGG!!

“for Dinar News – that MATTERS!!”
from 01/20 – 8:30pm CST

 Smart phone user link – Click here

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SteveI – I talked to our team about the countries next to Iraq and feel that a one to one has no signification disadvantageous regarding fair trade…a 1:1 rate or a bit higher.   Now, will this happen the way we think? Maybe or maybe not, but it sure does appear to be pointing that direction of being backed by gold.   [The question I have is how the process of revaluation of the dinar changes (if any) being pegged to gold. In other words, would it be a gradual or a more sudden increase?]   There would be no “revaluation” but rather now a value that follows the gold standard. This is what we are being told and how I understand it.  One possible scenario: The CBI will just announce that the IQD is now backed the the gold standard. So if you go to the bank, now any bank for that matter, they would simply looked up the buy rate at the time and pay you in USD that value. [post 1 of 3….stay tuned]
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Adam Montana – My thought right now is that the price of oil might be scaring people. Iraq can handle $30-60 ppb, but if this dropping trend continues… I hate to say it, but it might be in their best interest to hold off and see what happens. Let’s hope the price stabilizes or even starts to go back up.  One interesting thing to note – when they do RV, it will generate a TON of activity in the world economy, which will increase demand for oil, and will help drive oil back up. So all they need to see is an upward trend in the oil price and BAM! Jump in with an RV and take advantage! I can see that happening.   [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 01-20-15 

Currency Auctions Announcement No. 3119

This daily currency auction was held in the Central Bank of Iraq on the 01-20-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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