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…

John 14:13 (NKJV)

3 And whatever you ask in My name, that I will do, that the Father may be glorified in the Son.

Heavenly Father, Thank You that You are Love! Thank you for the privilege to bring our requests before you that You will be glorified in the Son. 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 – 01.23.2015

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Truth is incontrovertible. Panic may resent it, ignorance may deride it, malice may distort it, but there it is. – Winston Churchill

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*** Current Posts ***

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Poppy3 – Shell Oil profits plunge by 50%! Not a single stock in German and French stock markets is up! ALL MARKETS are down and now declared officially as bear markets! Axel Weber at UBS states that China has “plenty of ammunition” to weather this financial storm! US treasuries are down across the board. This massive “global deflation” has no bottom and THIS the MAIN topic at Davos! Some analysts believe China needs to devalue the yuan by 50%! Again, Weber says China is doing the right things! So, what does it all mean?  There is a MASSIVE SQUEEZE on to bring you an RV!
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Backdoc – WTO STATUS TAKES 90 DAYS IN TOTAL!   IF THEY HIDE THE FIRST 60 DAYS THEY STILL HAVE TO GIVE A 30 NOTICE.   IF THEY MADE THE DECISION IN MAY AND INDUCT IN JUNE DO THE MOONWALK FROM MAY!  A COUNTRY HAS TO HAVE INTERNATIONAL CURRENCY STATUS FOR 90 DAYS AS I UNDERSTAND IT SO WHAT THIS ARTICLE SAYS WITH IRAN PUTS US IN THE FEBRUARY, MARCH RANGE RIGHT?   [post 2 of 2]
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Backdoc – Article quote:  “Iran is set to re-engage with the banking world within weeks as international lenders link up with their Iranian counterparts using global transaction network SWIFT, Iran’s Middle East Bank and a senior central bank official told Reuters on Friday.”   OUR EYES WATCH IRAN BECAUSE THAT IS WHAT TELLS US WHAT WE NEED TO KNOW ABOUT IRAQ!   …THIS ARTICLE SAYS IT WILL BE 2 TO 4 WEEKS TO RE-ENGAGE INTO THE WORLD SYSTEM!  ...THEY JUST TOLD US THEY WOULD NOT LAUNCH THEIR RATE WITHOUT IRAQ BECAUSE IT WILL CREATE TRADE IMBALANCES WHICH OF COURSE IT WOULD!   [post 1 of 1….stay tuned]
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tman23 – What we know for a fact is they NEED to move into MARKET ECONOMY MODE like yesterday.  AND what we know is that the discussion always included the necessity to lift the 3 zeros when opening it up for international trade… And so we 100% believe the lift the zeros is in affect starting the first of this year…We just have not seen the numbers accounting yet… That being said…they are/have lifted the 3 zeros…and we wait to see how that affects the currency we hold…Any 3.22 etc…is pure speculation…
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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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Poppy3 – with THE OIL PRICE DOWN IS IN OUR FAVOR — MEANS TO MEET BUDGET OR JUST TO REDUCE THE DEFICIT THEY WILL HAVE A MUCH HIGHER RATE FOR THE DINAR.  WITH OIL DOWN THEY MUST COMMIT MORE GOLD TO RESERVES OR RAISE THE RATE OF DINAR HIGHER THEN THEY WOULD HAVE IF OIL WAS STILL UP?   ALL WE NEED IS THEM TO TAKE INEVITABLE ACTIONS THEY KNOW THEY HAVE TO DO.
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tman23 – …regarding the 2016 Budget…When the Kurds receive payment from the Finance Minister for 17% of the budget for the month of…then it is in effect…AND if it were in effect right now…Then the federal government is in breach of payment again for January…it is NOT and HAS NOT been in front of the CoM for implementation instructions yet...Council of Ministers meets every Tuesday… We will see this action take place in a CoM meeting …I GUARANTEE IT!
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rcookie – [did the budget actually get into the gazzette?] YES IT SURE DID…AND ALREADY MANY PARTS BEING IMPLEMENTED…   [Past Budgets, after being published in the Gazette…took around 4-6 weeks where the Budget was brought out in the Council of Ministers meeting for “implementation and distribution” instructions…This 2016 Budget will be no different…]   THE DIFFERENCE IS THAT THIS BUDGET ACTIVATION… ALONG WITH TRANSFER OF POWERS AT THE PROVINCES RECEIVE THEIR INDIVIDUAL DISBURSEMENTS & ALLOCATIONS…IS BEING OVERSEEN & MONITORED BY IMF…WB…& UNITED NATIONS TEAMS…THE CONTRACTS WITH GE…BOEING…INTERNAL BONDS HAVE ALREADY BEEN EXECUTED…. SALES…CUSTOMS TARIFFS…
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www.DinarUpdates.com – save as favorite!!
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Backdoc – IRAQ AND IRAN WILL GO TOGETHER AND THAT’S THEIR WORDS NOW NOT MINE…COULD THERE BE MORE TO THE DEAL? AHHHH YAAAAA…HOW ABOUT WTO? REALIZE THE WTO INDUCTS ONCE PER YEAR IN JUNE!  THEY MAKE THE DECISION IN MAY!    IT TAKES 90 DAYS TO COMPLETE THE PROCESS, SO JUST SIMPLY MOON WALK 3 MONTHS FROM MAY!   AS I READ 60 DAYS OF THE 90 DAYS CAN BE COMPLETED THROUGH PARLIAMENT PRIOR, POSSIBLY SECRETLY, NOT SURE!  BUT, THERE NEEDS TO BE GIVEN 30 DAYS NOTICE EVEN IF ALL IS DONE PRIOR TO INDUCTION. SO WE HAVE SOME INTERESTING CLUES TO CHECK OUT GOING FORWARD FOR SURE!  IMO.
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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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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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