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…

Mrs. BGG

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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

Indicative rates – 02.09.2015

http://www.cbi.iq/

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Our minds possess by nature an insatiable desire to know the truth. – Cicero

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wmawhite – Using this as an example, when the cards inside of Iraq are “loaded” in IQD it does not make any difference what the value of the IQD is IF the cards are being used solely inside Iraq.  […are they loading the cards for people outside of Iraq that lives in another country?]  Correct, and that is what we are expecting within the 1st half of 2016.
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Frank26 – …it is FEBRUARY 8th…we believe deep in our hearts that victory is about to be claimed in certain cities that are extremely important and if we get these cities and we have the SECURITY…not only of the banks but the citizens and everything you need…then you can make a type of announcement that I think a lot of people are waiting to hear.
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Backdoc – LAST NIGHT WAS THE 8TH!  LAUNCH DAY ACCORDING TO IRAN!    IRAN, OF COURSE SAID THEY WOULD BEGIN TO ENTER THE WORLD AGAIN IN TWO WEEKS WHICH AS I SAID IS AROUND THE 8TH! THEN THEY SAID IT WOULD BE SLOWLY BUT WOULD TAKE LESS THAN A MONTH IN TOTAL! THAT GIVES US A WINDOW AS THEY SAY AROUND THE 18TH OF FEB., GIVE OR TAKE!  NOW OUR JOB IS TO PAY ATTENTION TO SEE WHO TALKS NEXT!  THE IMF IS REQUESTING THAT IRAQ ALLOW CURRENCIES TO BE EXCHANGED FREELY SO THAT INVESTMENTS WILL NOT BE IMPAIRED. THEY ARE REQUESTED TO DO IT THIS MONTH! BINGO! LESS THAN A MONTH!
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wmawhite – I believe the IMF and the WB know more about Iraq than the Iraqis…and never before has the IMF stated very clearly what their expectations are for Iraq…and they did it …and then they followed up with two documents outlining step by step as to what is being accomplished…and you may ask, why? Why provide the world with this information. It is suppose to be a big secret. Wrong. Iraq is wanting the world to know. They want the world to come to Iraq. There is no secret. The challenge is understanding want you are given.  [post 2 of 2]
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wmawhite – The IMF, GOI, CBI stated that the government was going to do certain things and in the mid time/by the end of February 2016 two items would be accomplished.  This Technical LoI/MoU was written in November 2015 and published in December…well by the time we saw it…those two items to be accomplished by the end of February HAD already be completed.  They were the Investment Law and the AML Law.  The point is that the CBI and GOI are ahead of what the IMF has agreed with them to accomplish.  […so with all of the very positive news and accomplishments in Iraq, What are we waiting on? Bottom line?]  I am waiting on Iraq to enter the markets during the 1st half of 2016.  [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 02-09-15 

Currency Auctions Announcement No. 3133

This daily currency auction was held in the Central Bank of Iraq on the 02-09-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Millionday – [So Does Reform include to Revalue the currency?]  THE REQUIREMENTS LISTED BY THE IMF OR SHOULD I SAY ORDERS TO BE DONE DO INCLUDE THE REMOVAL OF THE DISTORTED RATE AND COMPLIANCE WITH INTERNATIONAL STANDARDS — THIS WOULD BE THE CALCULATION OF THE TRUE VALUE IMO.   [removal of all distortions of exchange rate…does that mean that they will give the real rate?]  IT MEANS THAT THE RATE THEY HAVE IS DISTORTED AND THE CALCULATION FOR GLOBAL PRICING INDEX WOULD HAVE TO DONE — ACCORDING TO MACRO-ECONOMICS AND TO PRODUCE FAIR TRADE WITH THE WTO AND THE GLOBE THEY NEED TO HAVE A PRICE AND CURRENCY RATE THAT WOULD PRODUCE THE ACTUAL VALUE OF THE DINAR (THE PRICE OF THE DINAR) TO BE DONE. GOODNESS THIS IS EXCITING AND IT HAS BEEN A LONG TIME …SEEING SOMETHING LIKE THIS IN A FORMAL DOCUMENT… [post 2 of 2]
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Millionday – IMF Report quotes:  “The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions...”As a first step, the government will, by end February 2016, draft and adopt a by-law to set up a mechanism to comply with the relevant AML/CFT international standards.”  PEG TO USD AND REMOVE EXCHANGE RATE DISTORTIONS AS THIS WILL SEND A POSITIVE MESSAGE TO INVESTORS — THAT WOULD MEAN THAT INTERNATIONAL INVESTORS WOULD BE ABLE TO TRADE.  THIS IS FEB 2016 AND THEY ARE TO REMOVE ALL DISTORTIONS OF THE EXCHANGE RATE AND ALSO ADOPT ALL INTERNATIONAL COMPLIANCE.  THESE REPORTS ARE PROBABLY IMO WHY SOME ARE SAYING THAT IT IS CLOSE.  [post 1 of 2….stay tuned]
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Poppy3 – NOBODY HAS EVER SAID DR SHABIBI WAS BACK THEY SAID HE WOULD BE OFFERED TO COME BACK AND THEY THINK HE WILL CONSIDER IT WAIH [WITH?] MALIKI UNDER HOUSE ARREST.   I FEEL SURE HE WILL CONSIDER THE POSITION IF ASK PROPERLY AND MALIKI IS TRULY OUT OF THE PICTURE.
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wmawhite – IMO…we will not see Shabib as the Governor of the CBI.
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BGG – …Dr Shabibi is not back… that was a suggestion by Allawi who has so little power it’s nearly comical.
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wmawhite – [You’d think they’s have to collect tariffs at an international rate ya think?]  A country does not collect tariffs at an international rate…the USA has any tariffs owed to it sent to it in USD. The value of the IQD does not matter to Iraq because it will receive the tariffs in whatever currency it wants…probably in IQD.  However, until a country can transmit/electronically send it currency to Iraq and it be converted into IQD…IMO, the GOI will probably receive the tariffs in USD.
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Poppy3 – WELL NEWS HAS CONTINUED TO BE POSITIVE AND MOVE FORWARD WITH ACTION TO BACK THE TALK. THIS IS SOMETHING I HAVE ALWAYS TOLD OUR TEAM TO WATCH THE ACTIONS MORE THAN WORDS.
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Mnt Goat – We must watch Iraq and the CBI, Finance Ministry and Parliament. Only these establishments will give us CLUES as to when we can expect any significant increase in the value of the Iraqi dinar. The CBI actually told us out straight that they plan to inform the people on an ongoing basis the steps in the currency reform process. They seem to be doing just that.  The fate of Iraq is in the hands of Iraq.
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BGG – YOU (us holding Dinar) WEREN’T DUPED…the Gov of their current CBI is TALKING ABOUT THIS – yeah or nay… THEY ARE TALKING ABOUT IT NOW…the GOI – will either do this or throw this guy out of office…they have only offered 2 solutions.  1) tariffs (referred to as: taxes)…2) RAISE THE VALUE OF THE CURRENCY TO BRIDGE THE CURRENT DEFICIT…tariffs won’t do it…like I have been saying…a few pennies won’t cover a 100 BILLION USD (trillions in DINAR) budget deficit…there is only one thing will fix it.  V-A-L-U-E.
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rcookie – ANOTHER GREAT INDICATION OF IRAQ DELIVERING EARLY MANDATE ON IMF…LOI/MEFP/TECH MOU MANDATE DUE BY END OF FEB…THEY HAVE THEIR 12/2015 BALANCES FOR ALL… MOF..GOI..CBI ACCOUNTS…AND AGAIN ACCOMPLISHED EARLY…
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Millionday – [Did Iraq have met all the requirements in order to go international?]  LET ME SHOW YOU SOMETHING THAT WILL TELL YOU WHY MANY ARE STATING THAT THEY ARE GOING INTERNATIONAL.  “Ministry of Labour and Social / Department of pension affairs, social workers and security called for creditors of the campaign cards of “Ki-Card” and “manual exchange”  to receive pensions for the months of January and February will be held on the seventh and eighth of this February.”  THIS WOULD BE PUT ON A GLOBALLY ACCEPTED CARD ACCORDING TO THE REPORTS WE HAVE READ — MASTER CARD.   [post 2 of 2]
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Millionday – Article quote:  ” Author: Yasser incumbent 02/07/2016 0:00 Baghdad Economic Forum completed the foundation requirements, which lasted a whole year”  THIS WAS…A GROUP OF EXPERTS…THAT WAS FORMED (COMMITTEE) TO MOVE FORWARD WITH THE ECONOMIC REFORM AND THEY WERE FORMED 2015 AND HAVE NOW STATED THEY ARE DONE WITH ALL REQUIREMENTS.  IRAQ HAD TO MAKE THESE CHANGES TO REFORM THE ECONOMY — THE REFORM IS DESCRIBED BY THEM AS THE STEPS NEEDED TO GO TO A MARKET ECONOMY — THEY ANNOUNCED…THAT ALL THE STEPS ARE DONE…THEY ARE READY TO MOVE FORWARD… WITH ECONOMIC REFORM…  [post 1 of 2….stay tuned]
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