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

Indicative rates – 01.26.2015

http://www.cbi.iq/

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No great thing is created suddenly. – Epictetus

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*** Current Posts ***

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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from – 01/26 – @ 3:30pm CST

Smart phone user link – Click here

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Iraqi Dinar Currency to be Powerful to Enter in the Global Currency Markets

Osama Mehmoud, the global stock representative in Iraq stressed about the importance of integrative laws and economic action of law making. He also pointed out that linking the Iraqi dinar currency to the global economy has its own importance. The Iraqi currency should achieve its value against the global currencies. It would allow in providing more power to the economic process in the country. He further added in his press interview that current economic condition in Iraq needs more care. He pointed out that most of the laws related to the Iraqi economy are still need to get regulations for the economic management in the economic sector, according to the formula. The process in trade and economy are following an open economy as it is called market economy.

He further added that it would improve the economic management that would produce an uncertain economy. There are many industrialized nations depending on the open market that implemented the processes of production and the theory of import and export. The commercial exchange process between a numbers of companies should adopt a unified economic system. He gave an example of Iraqi economic reality that is continuously depending on letters of guarantee issued to the traders to manage the operations of import of goods. It is showing the limitations to the Iraqi verbal disapproval within the banks. It is also stopping to spread the Iraqi dinar currency into the international markets. As a result, the Iraqi dinar value decreased and unable to trade outside the Iraq. He stressed that importance of presenting the Iraqi dinar currency in the global currency markets.

Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – Article quote:  “this agreement is a great success of the association and will open us the doors of cooperation with the European Union and US Treasury”   IMO, this is a clear sign that the CBI will move to Article VIII soon.  Freedom of movement of capital cannot happen without it…and the UST and EU are part of that.
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wmawhite (Dinar Guru) – […what comes first the rate or article 8…?]  Iraq/CBI can change their rate today and if they do not have Article 8 there isn’t two banks anywhere in the solar system that would touch the IQD.
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Millionday – “President of the World Bank pointed out that “the success of Iraq is important to the whole world and they are ready for all that Iraq needs support in the experience.”  THE WORLD BANK IS ON BOARD TO PUSH FORWARD WITH IRAQI REFORMS — THAT IS LIKE MUSIC TO MY EARS…UNDERSTAND THIS IS THE PRESIDENT OF WORLD BANK — THE PRESIDENT.  OBVIOUSLY A LOT IS RIDING ON THIS AND WE ARE RIDING ON SKIRT TAILS — …THIS STATEMENT IS HUGE.
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Hub (Dinar Guru) – facts: the dinar is not a tradeable currency because of sanctions by the United Nations, fact: the dinar is considered an exotic currency by money trading business concerns world wide, yes we bought em, but use em for purchases and see how that goes… fact: the dinar was given a non tradable value to punish iraq for actions toward kuwait. … fact: all countries surrounding iraq have a tradable currency with a value equal to the resources of the country… fact: iraq has been relieved from most sanctions issued by the UN…. fact: the last one , chapter 8 requires a currency revaluation equal to the value of resources of the country... fact iraq is considered to be one of the richest countries in the world. … summation is iraq is to obtain a currency equal to the ability of the resources purchasing value in the world economy…in other words, how much work has to be done to buy a coke
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Mnt Goat (Dinar Guru) – I want to say one more time we will not see any significant value increase in the dinar unless certain laws and conditions are met. One of those conditions is the cleaning up of the CBI. I firmly believe that Dr Shabibi must be back in the CBI and it must be announced publicly that he is at the helm “officially” once again. From everything I am hearing from my CBI contact the USA is very angry that this has not yet already happened. They have also sent legislative consultants to assist in streamlining the parliamentary process and so keep asking what is the hold up in passing of the few last remaining needed laws.  As far as any progress on currency reform process we all know that the USA, WTO and the IMF want the lower denominations launched, like yesterday…  We know that once they do launch the lower denominations their must be a 1:1 par with the US dollar for inflation adjustments first, then later a full scale RV is planned at a much higher rate (pre-war plus equity).
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rcookie – Article quote:  “…the bank” is long overdue to make the exchange rate adapts to the size of the deficit in the public budget…”  CBI IS LONG OVERDUE TO MAKE EXCHANGE RATE ADAPT TO THE SIZE OF DEFICIT IN PUBLIC BUDGET…IF THEY CONTINUE TO POSITION DINAR AGAINST DOLLAR AT SAME RATE THERE ECONOMY WILL COLLAPSE…HOW DO YOU LOOK FOR INT’L INVESTMENT…WITH A SUPPRESSED NON COMPETITIVE DINAR RATE.
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Mnt Goat (Dinar Guru) – Article quote:  “the Prime Minister met today, World Bank President Jim Yong Kim and his entourage, were discussed during the meeting of the World Bank for Iraq SUPPORT EXPERTISE AND SIMPLIFICATION OF PROCEDURES AND ASSISTANCE FOR THE REFORM OF THE BANKING SYSTEM”.   Now we hear news of Prime Abadi on Wednesday participating in the Davos World Economic Summit in Switzerland and meeting with the WTO president Jim Yong Kim.  The GOI is moving towards a global economy but there are procedures and banking practices that need to first be in place.   I can’t give you an exact date but I will say that Abadi is moving aggressively in this direction and it will not be long.
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rcookie – HAVENT YOU BEEN LISTENING WHEN WE SHOW YOU HOW WELL IRAQ HAS PERFORMED AGAINST OTHER NEIGHBOR COUNTRIES IN SPITE OF WAR…COMPREHENSIVE REFORMS… RAMPANT CORRUPTION AND LESS DIVERSE ESTABLISHED ECONOMY… THE BIGGEST INDICATOR OF IRAQS ECONOMIC DISPOSITION…THE IMF LETTER OF INTENT…FINANCIAL & ECONOMIC MOU…AND TECHNICAL MOU….WHICH IS IRAQS REPORT CARD FROM IMF AGAINST TASKS…THEY ARE NOT ONLY PASSING WITH FLYING COLORS…THEY ARE ON THE HONOR ROLL!
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BGG – it would appear there are some miffed the GOI seems intent on moving the IQD higher… maybe they should all listen to the IMF?   if that’s what the IMF wants – it’s probably good for them…if they happen to be the center-piece of the IMF’s “restart” of the global economy – it will probably be good for them… just sayin’
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Iraqi Dinar/Dollar auction (most recent listing) 01-25-15 

Currency Auctions Announcement No. 3122

This daily currency auction was held in the Central Bank of Iraq on the 01-25-2015

The results were as follows:

More: https://dinarupdates.com/observer/
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Frank26 (Dinar Guru) – Article:  “…Iraq refuses to label as “bankrupt the country” and says that in 2016 the “Year of compromises” Iraq and the region…”    IRAQ IS ON THE VERGE OF DECLARING BANKRUPTCY IF THEY DON’T MOVE FASTER…

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Millionday – “Iraq has signed today a cooperation agreement with the Union of Arab Banks…”  THIS IS A SIGNED AGREEMENT IN ALL ITS FORMALITY  IRAQ IS MOVING ECONOMICALLY TO THE INTERNATIONAL MARKET — BANKING IS MOVING AND DEVELOPING — THIS IS SIGNED SEALED AND DELIVERED — FORMAL AGREEMENT.   IMO WE ARE VERY CLOSE TO ARTICLE 8 AS A RESULT OF ALL THE ACTUAL ACTION IRAQ IS TAKING.  IN ARTICLE 8 THEY CAN MOVE FORWARD WITH MONITORING TO THE INTERNATIONAL MARKET AND TRADE ETC.  [do you think Article 8 and a rate change will happen at the exact same time?]  I THINK IT IS A RESULT — YES.  
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wmawhite (Dinar Guru) – The fact that Iraq Airways/Airline is being opened for foreign investors is proof that the restrictions are moved/being removed.[so they are removing the restrictions so they can have currency exchange?]  If you have one you have to have the other.  It is the Investment Law that they amended is providing this great change in Iraq.   [SO IT COULD BE A TIMING ISSUE?]  It is in keeping with what we know…IMF expectations…1st half of 2016.   [post 2 of 2]
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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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wmawhite (Dinar Guru) – What are the two most important items the CBI/GOI must accomplish before there is any change in the value of the IQD?  …and are doing?  Straight from the IMF…here it is: “The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.”  Now…how do we know for a FACT they are accomplishing these items?  Investment proceeds…that is foreign investment…money coming into the country and the ability to leave the country.
[post 1 of 2….stay tuned]
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firefly (Dinar Guru) – Iraq IS a special circumstance. Can’t compare it to China or any other country.  Remember, Iraq never lost it’s value. It was shut down by the UN and in limbo since.  [un has a duty to restore what they devalued…i read that somewhere.]   BINGO!   but it was not devalued, it was simply shut down at the request of the US.
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Poppy3 – …THE RV WILL HAPPEN IMMEDIATELY WHEN EVERYTHING WITH FINANCIAL REFORM HAS BEEN COMPLETED. THE STATEMENT THE IMF MADE ABOUT THE FIRST HALF OF THIS YEAR DIDNT MEAN TILL JUNE IT MEANT THE FIRST HALF OF 2016 AT ANYTIME.   WE KNOW THAT ALMOST A YEAR AGO THEY APPLIED FOR FULL MEMBERSHIP TO THE WTO. WE ALSO KNOW IT WAS SAID IT TAKES A MINIMUM OF 5 MONTHS TO COMPLETE THE PROCESS BUT WHAT WE DON’T KNOW IS HOW FAR THROUGH THE PROCESS THEY ARE?   MY THOUGHTS ARE FROM THE PROGRESS OF GREAT NEWS LIKE THE POSTING OF THE BUDGET TELLS ME THEY ARE IN THE URGENT MODE AND ALL NEED COMPLETION. KEEP YOUR EXPECTORS ON WE MAY BE ENTERING THE PROMISEd LAND…
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tlm724 (Dinar Guru) – The annual report issued by the International Monetary Fund in late 2015 reported that Iraq has reserves of gold of 89.8 tons, ranking it 37th worldwide and fifth Arab world, and at the same time, specialists believe that the rise in precious metal reserves in the central bank supports foreign investor confidence in the currency and investment in Iraq.
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