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 – 02.18.2015

http://www.cbi.iq/

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Men are like steel. When they lose their temper, they lose their worth. – Chuck Norris

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*** Current Posts ***

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BGG – Abadi is fighting a MASSIVE FIGHT against corruption…he’s about to deal them a MASSIVE blow…usually when Abadi takes out one corrupt player he axes three – just for good measure.  Malik, Najafi, Allawi.. I am pretty sure this whole cabinet reform will result in a different appointment than Alak…to the CBI…IMHO – Alak has obviously been a Maliki obstructionist agent… thru Alak they have CONTINUED syphoning the CBI reserves and helping Iran thru the last stages of this time period…THEY WERE GETTING RICH (ER) while doing it… it’s probably that simple.
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wmawhite – IMO, a lot of what we are seeing are the foundations of the institutions of a future Iraq being put into place. These institutions is what will give Iraq the opportunity to succeed in the future long after they enter the world markets.
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Frank26 – …there was an article that came out last month…very interesting…it says…An Invitation to Link the Iraqi Dinar to Global Economics…Think about the seriousness of that article…you are talking about the Iraqi dinar that is on a program rate…and you are discussing the possibilities of what it can do in a global economic environment.  Why? …because they are about to change the value of this currency to enter that international arena…that article gives me chills.
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BGG – […are we looking at something happening within the next 3 to 6 months still?]  IMHO a lot less than you are thinking… but maybe a bit longer than some are thinking…especially with this GOI “reforming”…
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Delta – what else is left to do…Allak threw this party yesterday…why…to show his hand…to prove to people he can do the job…he’s going to look like the hero now…I’ve read this contract maybe 10 times and maybe I’m reading it wrong…but indirectly the IMF is telling Iraq you have to show me a new rate by the end of February…now the I-TEAM is saying a similar thing…watch for something to come from the CBI on the Arabic side…IMO…if they are following the IMF game plan then we should see a rate by the end of this month.   [post 2 of 2]
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Delta – This is all exciting indeed…it will be exciting to see what that next move is going to be before the end of this month…looking back at the IMF contract and all the things they are telling them to do…to be Article 8 compliant…they have a couple of hard fast things they must do by the end of February…not just with the Investment Law…but lifting restrictions on the exchange rate.  So basically they need a true rate.  [post 1 of 2….stay tuned]
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firefly – Everything is lining up for a fairy  tale ending!  I’m soooo excited…!  Now the IMF is giving them a deadline of the end of February to draft and ADOPT prior to March?  Coincidence?  [Are you… feeling that we have a good chance of reaching our goal by the end of this month?]   IMO it can happen at the blink of an eye.
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Frank26 – They have told you again…and again what they are doing with their currency…they just haven’t told you when…and yet they have narrowed it down because the IMF and the US went in there and said you are going to get this stuff done by the first half of this year.  …to summarize…the best thing for me to tell you is that the CBI is looking over their bow for the right opportunity to take that shot…and you don’t see much if anything from the CBI…you are seeing everything from the GOI because that is where the movement of the Monetary Reform is at right now.  So what is the next step… LD’s…when…I would say in March.  So that is why we are looking for an announcement Family…from the CBI that they are raising the value of their currency.
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Backdoc – […it is nice to see iraq and iran working together to make money…what happened to iran going global on the 18th?  is that still in play or is there a delay…?]  REMEMBER THOSE WERE THEIR WORDS! AND TO SOME EXTENT WE SEE THAT UNFOLDING BEFORE OUR EYES! SOMETIME BETWEEN NOW AND MID YEAR ALL WILL BE COMPLETE.  BE PATIENT FOR IT TO SHOW AND CHOOSE JOY!  IMO.  [well it is not hard to see iran is more then ready…here is to hoping that after the cbi gets done celebrating maybe they will make time to get there monetary reforms done.]  IRAQ IS NOT DONE BECAUSE ITS NOT THEIR TURN YET! SOON! SOON!  IMO.
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tman23 – [so is Abadi also resigning]   No…he is not resigning… My understanding is that some Ministers will released and the special committee will vett the new technocrats selected. The CoM is responsible for approving the Governor of the CBI.   This scenario will be the most interesting.   Basically Abadi is going to have carte blanch for a short period…   [post 2 of 2]
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tman23 – The chatter is…during the Abadi reshuffle the government may move into a caretaker status government until the approval and seating of technocrats… Does make sense as Parliament and Political heads have given approval for Abadi reforms…And the 90 day “mini dictator” would work quit well to squash any immediate problems that arise thus avoiding the red tape political road blocks… AND the same appears to be taking place inside the KRG… As one article put it…Save the country or Save the government?  Those were the 2 choices.  [post 1 of 2….stay tuned]
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Breitling – Iran is not going to attack Iraq.  The majority of the people in Iraq are Shia and the majority of the people in Iran are Shia so there is going to be a lot of trading going on so that’s supply times velocity.  That’s positive for Iraq’s economy.  It’s fundamental…  Articles are saying Iran is on a spending spree.  They’re out buying the best jets they can get from the west so people can fly from one city to the next in Iran and they’re opening up their business world… Guess who one of their biggest business partner is?  It’s Iraq.   That’s positive.  I don’t see anything negative coming down the road.  Iraq has the massive dollar reserve so they can spend money…a percentage of their oil went down but they also gained it back on the value of the US dollar going up.  They also gained because they reduced their note count.   It’s really remarkable it really is.  It makes me feel good…things will come to a head coming up soon…
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Backdoc – TONIGHT I WANT FOLKS TO PUT IN PERSPECTIVE WHERE WE ARE IN THIS GAME OF MONETARY REFORM. THE IMF TOLD US IRAQ WOULD ENTER THE WORLD IN THE FIRST HALF OF THIS YEAR, SO UNLESS THEY TELL US DIFFERENT YOU CAN TAKE THAT TO THE BANK BECAUSE THEY ARE ULTIMATELY IN CONTROL AND ALWAYS TELL THE TRUTH!  WHY DOESN’T IRAQ COMPLETE ITS REMAINING LAWS?  WELL FOR ONE IT’S BECAUSE OIL PRICES NEED TO BE HIGHER! TODAY WAS A HUGE PUSH TOWARDS THAT REALITY!  FOR SOME TIME NOW IRAQ HAS BEEN READY!  IRAQ COULD HAVE FINISHED LONG AGO BUT IRAN, S.A., AND RUSSIA WOULD NOT HAVE BEEN READY! THATS WHY THE IMF SAID THE FIRST HALF OF THE YEAR! WHEN WILL WE SEE THIS ON OUR LEVEL? HOPEFULLY SOON …
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BGG – The governor of the bank on the Keywords “The central bank is responsible for holding the currency auction Under the law, which he considers responsible for the stability of the exchange rate,” noting that “it is theoretically possible that the Ministry of Finance to conduct an auction currency, but in practical terms is possible.”  Looks a lot like – to me…Alak is “beset” on all sides…over the last few days – numerous articles out about “no confidence” in him…potential removal...whatever the final outcome – there seems to be some real movement (as there has to be) on the part of the GOI against the CBI – or bad CBI policy…and corruption…looks like there is big movement underway – is this directly “Dinar-centric”?  It would be hard to see where it doesn’t impact the value of the Dinar.  I think there is a lot more to this story we don’t know… but Alak under the gun is good (as far as I’m concerned).
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rcookie – [This is the printed agenda. I don’t see amnesty or fed ct here…didn’t they say Thursday?]  AMNESTY WAS PUSHED TO SUNDAY OR MONDAY…FED COURT TO EARLY MARCH… UNBELIEVABLE.
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wmawhite – All of this activity is IMO in support of Iraq’s move into the international currency/commercial markets.  In order for Iraq to survive it’s financial institutions must be able to operate both domestically and internationally…thus all of what we are seeing.   If their intention was to do nothing and continue to live off of the USD…then why bother with all of these changes… why sign agreements with the IMF…why bother telling the world that they are ready for their investments? Why?  Because they are working towards a definitive date to make huge changes in their monetary system.   [post 2 of 2]
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Poppy3 – NOW WE HAVE UNITED NATIONS BAN KI MOON TRAVELING TO IRAQ WITH OTHER WORLD LEADERS TO BE THERE THE FIRST OF MARCH? WHY?
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Iraqi Dinar/Dollar auction (most recent listing) 02-18-15 

Currency Auctions Announcement No. 3140

This daily currency auction was held in the Central Bank of Iraq on the 02-18-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Adam Montana – I am still impressed and encouraged by Abadi’s very steady and consistent progress with so many things in the GOI…we are still miles and miles ahead of where we were a decade ago. There was a LOT to get done to get this far…We have come a long way, and I’m sure most of you realize that we’re missing one big piece right now.  I’ve been harping on it for a while now. You know what it is… HCL. So the question at this point is “Will the HCL ever happen”?  Well, consider one thing…the price of oil. Has the price of oil changed, or are we seeing a major reason for it to? Not really. And I don’t think this is a coincidence, but there’s also been a distinct lack of discussion on the HCL lately as well.  When oil starts moving again, then HCL will ramp back up, and that’s what I’m keyed in on right now.
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Bruce – I would say we are almost home with what I heard today. I been asked to keep all Intel basically to a minimum. It’s very close.  We are just coasting the rest of the way in.   Iran and Iraq are good to go!   Alot going on behind scenes, we are soon to see everything internationally…it’s just a matter of just being notified at any time and any day! 
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wmawhite – The IMF, Goi and CBI all have signed a Letter of Intent in which it is stated paragraph #19 that the government “will” move away from the MCPs which are in place because of the auctions. Remove MCPs, i.e. no auctions, means IQD must have international acceptance.   …the IMF stated in November that their expectation was for Iraq to enter the economy market the 1st half of 2016...never before in 6 years do I remember the IMF making such a statement.  [post 1 of 2….stay tuned]
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