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

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 02.20.2015

http://www.cbi.iq/

______________________________________________________________

What we obtain too cheap, we esteem too lightly; it is dearness only that gives everything its value. – Thomas Paine

______________________________________________________________

*** Current Posts ***

______________________________________________________________

rcookie – THE 2 BIG STATE BANKS ARE BEING BROKEN UP & PRIVATIZED…BECAUSE THEY DOMINATE & CONTROL TOO MUCH OF IRAQS CURRENCY AND FIACIAL PROGRAMS WHICH HAVE UNDERMINED THE OTHER BANKS ABILITY TO EXECUTE DEVELOPMENT & INVESTMENT PROGRAMS…WHILE PROVIDING VERY LITTLE RETURN IN REVENUES TO GDP…WHICH THEY HOPE TOO GROW BY EMPOWERING MORE BANKS…AND THEY CAN ACTIVATE MORE OF THE DEVELOPMENT & INVESTMENT PROJECTS…ITS LAYING THE TRACKS FOR THE FINANCIAL & ECONOMIC FREIGHT TRAIN ABOUT TO RIP THROUGH IRAQ.
______________________________________________________________

Frank26 – THE CBI IS HAVING A MEETING TOMORROW MORNING…IN OUR OPINION IT MAY BE WITH THE DIRECTORS OF THE CBI.  SUBJECT IS UNKNOWN TO US BUT WE ARE ASKING [GURU] DELTA TO PAY ATTENTION TO THE ARABIC SIDE OF THE CBI STARTING TOMORROW MORNING.  FROM NOW UNTIL THEY ENTER ARTICLE 8 OR LIFT THE VALUE OF THE IQD OR ESCORT THE LD’S TO DRS’ BANKS… INTEL WILL BE VERY SCARCE.  ARTICLES WILL BE OLD AND REPEATED AND BORING. WE WILL SHARE WITH YOU AS MUCH AS WE FEEL WE CAN DURING THESE COMING WEEKS.
______________________________________________________________

ATTENTION:  DO NOT SEND MONEY OUT TO ANYONE!! THEY MAY SAY THEY ARE IN NEED – OR THEY CAN DO SOMETHING FOR YOU (SKR’s – etc…) – THERE MAY BE SOME OTHER STORY….. YOU MAY THINK YOU CAN TRUST THEM – DO NOT!!

CONS AND SCAMMERS ARE OUT THERE – YES, EVEN HERE (OR ANY CHAT SITE, for that matter – it is the INTERNET)…. YOU HAVE HUGE HEARTS – SOME WILL FALL FOR IT …. Please don’t.

P.S. If anyone hits you up for money (anywhere on DU) – I WANT TO KNOW ABOUT IT. Send me an e-mail to DinarUpdates@comcast.net – (in confidence).

Thanks

BGG
______________________________________________________________

Backdoc – WHAT IS IRAQS NUMBER 1 PRODUCT? RIGHT! THEIR CURRENCY!  BEFORE VALUE CAN HAVE REALITY THERE NEEDS TO BE A GLOBAL INTERNATIONAL STANDARD OF VALUE FOR SOMETHING! THAT CONCEPT WOULD BE EASY IF EVERYTHING WAS 100% GOLD BACKED BUT THATS NOT THE WAY IT IS!  THERE IS ONLY 25% GOLD BACKING PER DINAR! THIS IS HUGE COMPARED TO THE CURRENT MONOPOLY MONEY WE CURRENTLY USE BUT THE FACT REMAINS A BASIC CONCEPT OF VALUE NEEDS TO BE DISCOVERED!  IN PART, THE TOP RESERVE CURRENCY IN THE WORLD HELPS THAT REALITY TO BE DISCOVERED BUT WITH THE DOLLAR UNDER DE-DOLLARIZATION THAT NEW VALUE MAY BE MORE CHALLENGING TO DISCOVER!   …WHAT IS ABOUT TO OCCUR IN THESE MARKETS ARE MAJORLY SIGNIFICANT!   [post 2 of 2]
______________________________________________________________

Backdoc – IT TIME FOR THE MARKET TO MAKE A DECISION ABOUT ITS VALUE!  WITH VIRTUALLY NO GROWTH IN WORLD MARKETS FINDING VALUE IS NOW A SERIOUS PROBLEM! THE WAY THAT STOCKS ARE VALUED BASED ON EARNINGS HAS TO BE RECONSIDERED! WITH GLOBAL MARKETS SHOWING A DEFLATIONARY DEATH SPIRAL, VALUE HAS TO BE MEASURED DIFFERENTLY!  CHINA TRIED TO STOP THE GREAT REPRICING BY PUTTING SELLING RESTRICTIONS ON THEIR STOCKS WHICH ONLY MADE THE PROBLEM WORSE!  THIS CREATES DISTRUST IN MARKETS AND ELIMINATES A FAIR GAME! WELL, IT LOOKS LIKE THEY WOKE UP TO THAT FACT AND WILL NOW LET THE GLOBAL REALITY VALUE BE DISCOVERED!  SOME FOLKS HAVE NO IDEA WHY THIS IS IMPORTANT TO YOUR DINAR INVESTMENT BUT IT HAS EVERYTHING TO DO WITH IT!   [post 1 of 2….stay tuned]
______________________________________________________________

Aggiedad77 – Can you say it is time…empirical data…data coming quicker and quicker…the quickest…it is on it’s way…Mosul residents…as you have long awaited your…freedom from the terrorists…that effort will be knocking on your door…listen for it…watch for them…all bases are covered…are you ready.  SECURITY and STABILITY are at hand here for you.
______________________________________________________________

Poppy3 – MAJOR CELEBRATION PLANNED FOR MARCH 1…PEOPLE IN BAGDAD EXCITED AND GETTING THE TOWN READY PER RESIDENT THERE.   ALSO REPORTS BAN KI MOON AND DIGNITARIES FROM UN, IMF, WORLD BANK AND MANY WORLD LEADERS RUMORED TO BE ATTENDING. THIS INFO SUPPLIED BY BAGHDAD RESIDENT. HE SAYS SOMETHING IS FOR SURE HAPPENING. TIME WILL TELL VERY SOON.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
______________________________________________________________

Breitling – article “…CBI’s intention to sell bonds to the public for 7 trillion dinars through the year”.  There are a couple things this is attached to.  Obviously they are after the dinar.  2.  They are coming up with strategies to make up for the price of oil.  Even though Iraq has a huge dollar reserve.  Question:  Is the Iranian currency going to go up in value?  It’s impossible for it not to.  Here’s the thing though…It’s going to be nothing compared to the dinar.  I don’t even look at it personally.  I really don’t.  Will it go up as much as the dinar?  It’s a big fat no.  But we’ll see.
______________________________________________________________

wmawhite – the price of oil has very little to do with Iraq entering the economy market during the 1st half of 2016.  [but it might effect the price of their currency.]  No…it will not.  The price of oil has dropped over 60% and the change in the value of the Kuwaiti Dinar changed $0.20…20 cents.  The KWD went from $3.55 to $3.35 per dinar.  [right but Iraq has no price at this point, Kwd is already established.]   Of course they know what the true value of the IQD is…how else could the IMF tell the world that Iraq is expected to enter the economy market in 2016.  IMO…central banks do not go changing their values every time their GDPs change…their goal is to provide stability in their currency…IMO, they know where they want to be and IMO we will see it soon.
______________________________________________________________

rcookie – THIS IS GONNA BE A BUSY WEEKEND… ABADI WILL BE IN PARLIAMENT ON SATURDAY TO DISCUSS CABINET RESHUFFLE ISSUE.  SATURDAY VOTE ON AMNESTY.  SUNDAY VOTE ON ACCOUNTABILITY & JUSTIC (DEBAATHIFICATION).
______________________________________________________________

Poppy3 – …reported to me IRAN…IRAQ NOT ONLY EFFECTING US IT IS HOLDING UP THE ENTIRE CBI WANTING AND NEEDING TO RAISE THEIR RATE AND ARE ASKING IRAQ CBI TO GET ON WITH REFORM. REPORTED THEY ARE STALLING RECOVERY FOR THE ENTIRE MIDDLE EAST. …I STILL THINK THEY WILL ANNOUNCE NEW RATE SOMETIME BETWEEN NOW AND THE END OF THE FIRST WEEK OF MARCH. TIME WILL TELL BUT I LIKE WHERE WE ARE TODAY…ALSO MY OPINION ABADI RESIGNING IS JUST A SHOW HE’S NOT GOING ANYWHERE HE HAS WORKED TO HARD TO GET THEM HEADED THE RIGHT DIRECTION.
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(just click and ask to join… enjoy!!)

______________________________________________________________

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.
______________________________________________________________

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.
______________________________________________________________

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.
______________________________________________________________

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”…
______________________________________________________________

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]
______________________________________________________________

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/
______________________________________________________________

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]
______________________________________________________________

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.
______________________________________________________________

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.
______________________________________________________________

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.
______________________________________________________________

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]
______________________________________________________________

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]
______________________________________________________________

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…
______________________________________________________________

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 …
______________________________________________________________

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).
______________________________________________________________

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.
______________________________________________________________

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]
______________________________________________________________

Poppy3 – NOW WE HAVE UNITED NATIONS BAN KI MOON TRAVELING TO IRAQ WITH OTHER WORLD LEADERS TO BE THERE THE FIRST OF MARCH? WHY?
______________________________________________________________

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.
______________________________________________________________

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! 
______________________________________________________________

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]
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com