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…

Psalm 37:4 (NKJV)

4 Delight yourself also in the Lord,
And He shall give you the desires of your heart.

Heavenly Father, Thank You for Your Word! Thank You that You are Faithful and True! We ask You to keep us soft and pliable in Your Hands 🙂 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 – 01.30.2015

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What the government is good at is collecting taxes, taking away your freedoms and killing people. It’s not good at much else. – Tom Clancy

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*** Current Posts ***

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Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Sunday evening at 7:30pm EST!!

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firefly – Remember, The IMF cannot physically revalue a country. Their job is to monitor, assist and approve a currency shift or deny one.  If they approve it, it is sent to the BIS…Bank of International Settlements.  Once the BIS puts their stamp on it it is returned to the IMF who then informs the country.  That is the process.  [Are they about done with this process?]  Certainly appears that way.
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mike – Article quote:  “…January 30: Under the slogan of “decentralized service…stability…development toward a united Iraq,” was launched on Saturday”    This is a great article, it’s one of the things I’ve been waiting for.  De-centralization is the key to Iraq’s future success, the old, centralized socialist economic model will not work anymore with the oil at $30 a barrel.  Hopefully, the plan is to rapidly move to an open market economy where capitalism moves this country forward and away from the control of the central government
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Breitling – article [Iraq sells bonds to local citizens for the first time since 2003 ]   Were they already selling  bonds?  What they were doing was selling bonds to anyone who had US dollars, it was meant to raise  money internationally to get more US dollars into Iraq as they can and now this last campaign Iraq is selling bonds specifically to Iraqi citizens for the US dollar and they’re concentrating on it.  So they tried to sweep in a lot of US dollars from outside of the country and now they are trying to sweep up the US dollar even more inside of Iraq.  So that’s HUGE news for us.  It means everything…here we are, you’re watching the note count being reduced.  You’re watching the US dollar being pulled out of the market.  You’re watching the build up of the reserve with the US dollar from bonds.  You’re watching them build up their gold reserve.
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firefly – “(Announcement issued by the Central Bank of Iraq) the Bank would like to announce support for the efforts to rehabilitate the Warka Bank for Investment & Finance and allow him to exercise all banking activities 01/28/2016”   This announcement is pretty darn BIG.  [what does this announcement mean?]  Warka is international.  Appears guidelines were met.  I don’t have a date but I advise you folks to be READY!  IMO we are overdue!  I am more excited than I have ever been.
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wmawhite – [Do you think it will go alongside Iran?] No…and what Iran does or doesn’t do, IMO, is like the drunk in the stands at a ball game…keep your eye on the ball.  I am putting my money with what the IMF has told the world…Iraq will enter the markets during the 1st half of 2016.   I am sure that when the IMF put together this MoU with the MoF and the CBI that they were well aware of everything going on throughout Iraq, Iran and the ME.
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Executive Director of the stock market calls for the establishment of an independent financial centers in the provinces

BAGHDAD / Karim Jassim al-Tai / .. invited the Executive Director of the Iraqi market for securities Taha Ahmed Abdul Salam to the need for the Iraqi provinces to establish an independent financial centers.

He said Abdul Salam said in a statement singled out by the agency / JD /: that the market expressed his willingness to cooperate and to provide all the support with all Iraqi provinces that want to create an independent financial centers Daha.mbana that the market gave seminars in a number of Iraqi universities, including Basra, Diwaniya and Najaf, and others in order to encourage the creation of investment centers related to the Iraq market for securities…

REPORT COURTESY OF HOLLY 1 !!!

Read More: http://www.dinarupdates.com/showthread.php?29211-Executive-Director-ISX-calls-for-independent-Province-Financial-Centers-1-27
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Millionday – [Do you think they have been waiting for Iran all this time as part of the plan?]  I THINK THAT IT IS VERY INTERESTING DUE TO THE HUGE HUGE AMOUNT OF FUNDS IN IRAQI BANKS AND THEIR ECONOMIC CONDITION AND MANY TRADE AGREEMENTS AS WELL.  [Can Iraqi RV with Iranian cut forces and Isis still running around in there country and access to Dinar?]  THEY HAVE THE POWER TO MOVE FORWARD AND THE IMF HAS NOW STATED THEY ARE JUST MONITORING THE IMPLEMENTATION OF IRAQ`S ECONOMIC REFORM.  I THINK THAT THE MOVE TO A MARKET ECONOMY AND TO THE GLOBE WITH THE REFORMS WILL LEAD THEM TO TRADE WITH THE GLOBE.  [post 2 of 2]
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Millionday – Article quote: “The Society for Worldwide Interbank Financial Telecommunication (SWIFT) would restore its services to Iranian financial institutions by January 31…”   IRAQ RELUCTANTLY HAD TO STOP USING THE INTERNATIONAL BANKS OF IRAN DUE TO THE SANCTIONS… THIS WILL ALL BE LIFTED IN BANKING BY JANUARY 31ST…  SWIFT CODES (COMPLETE IN IRAQ) ARE SO IMPORTANT ACROSS BORDERS.   THE SWIFT CODES ARE NEEDED FOR THEM TO SEND MONEY BACK AND FORTH FOR TRADE OF ANY KIND.   [post 1 of 2….stay tuned]
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Mnt Goat – Parliament is now in session way over a week already and we have not yet seen much on the needed laws we have been waiting for.  Earlier this week we heard confirmation that the Amnesty law is agreed upon by all and ready for a final vote. The 2016 budget has also been passed, ratified and in the gazette. It is now open for spending allocations, but no RV (…it is NOT any indicator of the RV anyhow, it was not in 2012, 2013, 2014, 2015 and it is not in 2016).  The problem of a huge deficit for 2016 still lingers as Abadi and parliament try to find ways to fill the gap. Now recent news that they are at least considering under study of increasing the value of the currency as an alternative solution.
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Breitling – […noticed the 10K notes are now limited…this is a good sign.] Damn right it’s a good sign! It’s a beautiful sign!  It’s because they’ve reduced the note count…where everybody is feeling it.   Inside the U.S. where we have that liquid market that we have for the dinar, about half the people that own dinar actually got out… but the other half is unwilling to sell so that creates a shortage on both ends from the brokerage firms.  There’s not all this dinar coming out of the middle east like it used to and then on our end it’s not circulating back and forth, the velocity of the currency is not what it used to be.  This means something very very big for us and it’s a beautiful thing.
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Kaperoni – the depletion of reserves (I don’t believe they are below 50 billion yet.)  only puts more pressure on Iraq to get the market economy started and close down the auctions.   I think we are still on track.
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SteveI – [The new CBI bank site has been up for a while…This is the first time however they have linked the Old CBI site to the new CBI site.]  Yes we are all aware of that site being around for some time now, but the linking between the two is new and now with new data.  [Wasn’t it assumed a while back that when we saw the new website getting activated that we were about to see everything unfold with the dinar.]  That is a pretty good assumption. We are getting very close.
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