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 – 03.29.2015

http://www.cbi.iq/

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For every complex problem there is an answer that is clear, simple, and wrong. – H. L. Mencken

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*** Current News ***

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rcookie – …the imf & wb have transparently laid out the expectation…and action plan for attainment…in the past… currently and through 2020…it is in ink…and is visible in every economic policy and action we see every day…
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Poppy3 – ABOUT THESE LARGE LOANS — THEY WILL BE IN OUR FAVOR NOT AGAINST THE RV BUT HELPING THEM POSITION TO COMPLETE THE RV. — THINK THIS —THE NEW RATE IS NEEDED FOR QUALIFICATION TO RECEIVE THE FUNDS OF THE LOAN THAT SHOULD BE AS OTHERS SPECIFIED FOR DIFFERENT PROJECTS OF RECOVERY FROM THE WAR…TO ALLOW GROWTH OF THEIR ECONOMY OR AT LEAST THATS THE WAY I WAS TOLD…EXPLAINED THAT THESE LOANS ARE LIKE US GETTING A HOME LOAN IT IS FOR SPECIFIC USE AND DOESN’T EFFECT THEIR OTHER BUSINESS LIKE THE CBI CHANGING THE RATE.  
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Kaperoni – Article:  “Iraq enters the program (SBA) so as to provide a $ 6 billion to support its inability”  Nice, another SBA (Stand by Agreement) or conditions put on Iraq in exchange for financial consideration.  Can’t wait to see the details on this one.
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Prosecuting Maliki will Solve the Crisis in Iraq: Kurdish MP

Maliki is responsible for the fall of Mosul as well as the Speicher massacre, Adil Nouri says

BAGHDAD — A Kurdish member of the Iraqi parliament has sent a letter to the Iraqi prime minister stating that prosecuting Nouri al-Maliki, the former Iraqi prime minister, will lead to solving the crises in Iraq.

Adil Nouri, the Iraqi MP, has stated in a letter he has sent to Haidar al-Abadi, that Nouri al-Maliki is responsible for the fall of Mosul into the hands of the Islamic State (IS) militants.

“We have solved and prepared the case, and you need to send the case to the court for trial,” reads the letter.

The Iraqi MP believes that Maliki is accountable for the camp Speicher massacre in Tikrit on June 12 2014 where IS killed at least 1,700 Iraqi air force cadets. Maliki is being blamed for the disappearance of $500 billion as well.

Arresting and prosecuting Maliki for corruption and other crimes will put an end to corruption in Iraq, the letter added.

Read More: http://www.basnews.com/index.php/en/news/iraq/266434
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wmawhite – Article quote:   “…Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains three exchange restrictions and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3”  HUUUUUUUUUUGGGGGGGGGGGGGGGGEE!!!!..IM.O…what we are viewing is the actual process of the CBI (Iraq) moving into article 8 and with it entering the world markets.
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firefly – [any thoughts on what we are waiting on? you think it’s the players in the global economy or something more specific in the world?]  IMO .. we are standing on the precipe [precipice?], can’t turn back. The process IMO is already in play.
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Kaperoni – “Iraq paper from a class of 50 thousand dinars to support trade”  It sounds to me that we have a confirmation of a float of the dinar.  The way I read this is that they decided against the “delete zeros” which some have always believed was a LOP, and decided in favor of allowing the dinar to rise against foreign currencies via float (a basket is a variation of a float) to achieve the results.   …they must exit the peg in order to float.  We long have believed that at some point, the CBI would exit the peg (via orderly or disoderly) and float the dinar…All we can do is let the process play out and watch.
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Iraqi Dinar/Dollar auction (most recent listing) 03-29-16

Currency Auctions Announcement No. 3164

This daily currency auction was held in the Central Bank of Iraq on the 03-29-2016

The results were as follows:

More: https://dinarupdates.com/observer/
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Poppy3 – I AM EXCITED THAT THE REPORT FROM THE FINANCIAL MEETING IN ABADI’S SPEECH SAID THEY WILL ENTER GLOBAL ECONOMY THIS WEEK. HE REPORTED THEY HAVE THE HIGHEST GDP IN THE MIDDLE EAST. WELL IF HIGHER THAN KUWAIT AND KUWAITS DINAR VALUE IS AT $3.38 then where can iraq VALUE BE.  …SOUNDS GOOD TO ME.
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Kaperoni – Article quote:  “…economic growth in modern Iraq can not be released without a growth in the overall and sectoral economic indicators of the economy with an increase in the volume of investment in order to raise and improve the living standards of the citizens…”   This such a great article because it makes it absolutely clear that Iraq cannot achieve the results of a market economy staying “status quo.” That they cannot stay dependent on the dollar, and maintain a closed banking system if they expect to bring any kind of market economy, jobs or prosperity to Iraq.  And we all know how the pressure is building for them to make real changes. We have stated here several times the steps to a market economy and have stated how significant the banking system is to that success, it is nice to see confirmation again that we are on the right track.  Yes, there is no answer to “when” but the table is being set.  These kinds of articles are very exciting.
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Tlar – Article quote:  “…The Financial and Economic Intelligence Department of the Ministry of Interior announced on Monday the seizure of three banking companies that were transferring funds to the ISIS…”    …It is good to see this government at least trying to stop counterfeiting and smuggling and money laundering.  Shabibi unequivocally told the Maliki government that it is the job of the government to protect the money.  Shabibi identified many leaks while in office including finding people on the CBI payroll that were stealing for Maliki.  Shabibi tried to remove them and Maliki told him he could not…What a pleasure it is to see this government actually going after the corrupt and catching them… 
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
03/22 – @ 5:30pm CST

 Smart phone user link – Click here

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wmawhite – …by the time all of the reforms are instituted, Iraq will have already entered the world markets and the true value of the IQD will have been established by the CBI…
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rcookie – Article:  “Abadi meet with UN Secretary General & the heads of the World and the Islamic Development Bank…Saturday, March 26, 2016”   so moon…kim..ali met with parliament..abadi privately…and traveled immediately to erbil to meet with barzani and kurd parliament… LEGARDE NOT MENTIONED…
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firefly – Fact is…the IQD NEVER lost value, it was cut off by the UN at the request of the US.  IMO we are at the point of no return. Central Banks have already started adjusting. Not rumour or intel but direct US media news.  Changes have already begun, can’t turn back the clock now…

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Tlar – Article quote:  “the forthcoming cabinet reshuffle, which would expose the Prime Minister Haider al-Abadi, next Thursday, at the parliament session, which will include seven senior ministers in the government.”   We have not heard from Abadi yet.  This is very complicated but I think Abadi will produce at least the seven ministers by thursday.  Don’t worry so much about articles stating the NA is giving him 3 weeks.  No where does it say Abadi said thanks let alone that he will take 3 weeks.  By Thursday we should see real progress both in the change of these ministers and maybe putting the list together on the COM.  Hang in…until we actually see where Abadi is coming from.
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Mnt Goat – Seems the weekend was very busy for Iraq. The news is not again exactly what we wanted to hear but at least we can see continued pressure and movement. Also they are communicating with us too, so this is also very good.   …many think the presence of the UN general secretary and the director of the World Bank means Iraq is going to RV this weekend.   As I told you each month these figure heads come to Iraq to get a progress report. Abadi and the GOI must meet with them and give them their report card.  …if they like the progress and all mandates have been accomplished, then an RV might be possible. But we can see from this recent news there is still work to be done and they spell out what must still be accomplished.
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firefly – IMF stated Iraq will enter the Global Economy BY the 1st half of 2016. The IMF doesn’t lie.   Many of these items most are looking at have nothing to do with the monetary reform.  They are very good for Iraq’s growth and great for the citizens.  [if they go global they need a reality rate right?]  Does it make sense to go global with their present rate? Are they working so hard to compete in the global markets if they weren’t planning a change?  They IMO would need a reality rate prior to entering the markets.
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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