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

http://www.cbi.iq/

Indicative rates – 04.05.2015

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The greatest productive force is human selfishness. – Robert Heinlein

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*** Current News ***

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rcookie – Article: “Economic Adviser to the head of Government is the financial reserve “well” in the shadow of the economic crisis”    …powerful article out this morning that outlines…about cbi reserve status…iraq is completely on goal with where imf projects their reserves to be…under table 2 of the imf smp..loi/mefp/tech mou…from the years 2014-2018…and actually through 2020…this is clarifying article that completely debunks some of the ridiculous negative statements about iraqs reserve status…they are exactly on goal…
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Kaperoni – Article quote:  “Great credit is due to the many aspects of the development of the Iraqi banking system and monetary policy in the current day to Dr. Shabibi...”   This guy is clearly pro Shabibi and deservingly so because he was a well liked and intelligent man who accomplished quite a bit for the banking system in Iraq. I want to draw attention to the part where he raised the value of the dinar from 3000 to $1 to 1200 to $1 gradually. I believe this is the same plan for when the market economy is launched. And it did not take long for the CBI to accomplish this. The final step will be to raise the dinar from the current 1182 to $1, to 1 dinar to $1 or about removing the zeros during the process. More importantly it shows it is possible without much fanfare. Also, it is important that Iraq never suffered from hyperinflation as some have stated. This is important because that is the basis for many who believe in a LOP theory. Iraq’s inflation peeked at or around 33% well below the requirement of over 50% to meet the definition of hyperinflation. These are good facts to keep in mind when we start to sway. Keep the faith, let it come to us. The dinar will rise once the new government launches to market economy.
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Mnt Goat – So what will happen once Shabibi is back within the CBI?  Recap back to 2015 –  I was told that the plan is to begin the launching of the lower denominations almost immediately, something that was planned for and was supposed to happen in early December of 2015 and we were supposed to have the final RV by the end of 2015. This is factual news. We know this did not happen then and has been still on the plan since only a new target was moved out.  So the good news is this current information confirmed all the news we heard back then…I am also hearing they are pushing strongly to adhere to their mid March to mid April target timeframe for the currency reform (the RV window I gave you over two months ago) and moving to Article 8 of the UN charter. Today is April 4th already and so there is less than 2 weeks remaining to complete this task. I am hearing they are going to make a major push this week and this week may go down in history.   [post 2 of 2]
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Mnt Goat – I checked in with my Iraqi CBI contact over the weekend…I was told that there is a main effort now underway to reform the CBI and bring back Dr Shabibi as the formal head of the controller for the national bank. …They told me this effort has been underway now for over 3 weeks and is now at a point they must make this change. I was told the plan is now to have Shabibi in a news conference within the next couple days. He will announce his return and make a broadcast speech to the nation and global community. So we should expect articles and maybe even a broadcast of this on the major news channels such as CNN or FOX news.  Has Ali al-Allaq (proxy CBI governor) resigned?  YES and officially over this last week the CBI has not had an acting governor.  [post 1 of 2….stay tuned]
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tman23 – Remember…they do not need the cabinet seated to change the currency (lift the zeros)… They only need to have it in the process…
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12 formations representing the private sector , calling the Iraqi Economic Forum

Long-Presse / Baghdad – Announced 12 formations representing the private sector, on Monday, the launch of the Iraqi Economic Forum, and while they called to end the “monopoly” government of all kinds to allow the investment to enter into new projects, urged the parliament on the need to enact a law framed the Forum’s work to exercise its role “national in the service.” Iraqi society.

Participants said the establishment of the Forum in their final statement, which announced the presence of the Iraqi ambassador to the Kingdom of Jordan, Safiya al-Suhail, the Iraqi figures and parliamentary government, and received a (long-Presse) a copy of it, that “links and public unions and organizations gathered in Amman, Jordan, for two days to launch Economic Forum Iraqi official “, stressing” denounce terrorism suffered by Iraq and the region in general. “…

Courtesy – RCookie…

Read More: http://www.DinarUpdates.com/blog
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Mnt Goat – Right now we are soooooooo close to the end of this RV saga, we all should be praying, praying and praying more that nothing goes wrong to stop the plan they have been moving towards now since the fall 2015 and that is about to conclude. It is almost at the conclusion.  Right now the picture is looking really good from my standpoint…
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Millionday – ABADI HAS STATED THAT FROM THURSDAY TO 10 DAYS IS WHAT PARLIAMENT HAS TO VOTE IN NEW CABINET…NOTE — THIS IS PART OF THE REFORMS PLANNED ACCORDING TO REPORTS.
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Biographies of personalities nominated for encouraging Astmas

Tariq Harb – What it was published by several media on 02/04/2016 from the translations of the personalities nominated by the PM, and presented to the parliament, 30.03.2016 M. Day, was encouraging translations of what has been its requirement constitutionally and realistic of the fact that the Minister of the future, must have a prescription technocrats, the three pillars, namely experience and competence, skill first, honesty, integrity and chastity Secondly, independence, professionalism and impartiality Third…

Posted in our Private FaceBook group – courtesy MadDScout

https://www.facebook.com/groups/571383766355188/
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wmawhite – …the Kurds wanted 20% of the new cabinet (GOI) positions. PM Abadi’s list had the Kurds filling 2 positions…the Kurds ALWAYS never agree to anything until after the deadline has passed.   P.S…20% of 16 ministers is 3.2…IMO, Abadi knew this was coming and it will be a process that he (Abadi) is extremely good at doing.
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Millionday – Article quotes:  “The Iraqi Parliament officially opened, yesterday, all doors for international relief to help rehabilitate and reconstruct infrastructure of cities liberated from Daesh’s upper-hand.”  “The cabinet voted a few days before UN Secretary General Ban Kimoon, President of the World Bank Jim Yong Kim and President of the Islamic Development Bank Ahmed Mohammed Ali had paid a visit to Iraq. The bank leaders announced granting 250 million dollars in financial aid for reinstating stability in freed zones.” THE WORLD BANK>>>THE UN >>>THE IMF HAS MET WITH PARLIAMENT ACCORDING TO REPORTS.  THIS IS THE ANNOUNCEMENT FOR PROJECTS OF INFRASTRUCTURE AND REBUILD — THIS IS MASSIVE — THE REBUILD BEING FUNDED — FINALLY… GLOBAL HUMNITARIAN HELP FOR REBUILD… SO OBVIOUSLY A HUGE ANNOUNCEMENT TO SAY THE LEAST…WHOOOPOW.
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wmawhite – [so you’re thinking the IQD will be international but just may not be exchangeable in all countries at first.]  The IQD is international today. However, it is not accepted throughout the world’s inter-bank system because of several factors that Iraq is correcting today. Once Iraq moves into full compliance of Article 8, bank/countries will be quicker to trade/exchange use it.  [How long do you think it will be before they finish correcting these last few issues for Article 8?]  The IMF opinion is much more reliable than mine and they told the world that they expect Iraq to enter the world economy market during the 1st half of 2016…I read that statement as the answer to your question…the IMF actually stated that Iraq “will”…did not read as “guess”…I feel great about what is happening…I expect over the next couple to few weeks more huge news about the CBI…the monetary reforms…the IQD. Will it be exactly what so many are looking for…don’t know, but IMO what we want is coming our way.
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Islandg1211 – You can sense that the Monetary Reform is going forward smoothly now…   I didn’t agree with last year’s expectations of an RV, because although the IMF gave Iraq the “Green Light” they told Abadi to “get his act together,” and left him on his own. Without US support, and with the same corrupt ministers, ISIS, oil prices crashing and Iranian influence, Abadi didn’t get very far. But, then things changed. Finally, the PTB stepped in – all in. And they do have a lot of control over the MR. We can saw them influencing Iraq through the LOI [Letter of Intent] and now the loans. This is a change. Also, the IMF prefers April for RVs. When I saw the LOI with the IMF, troops in full combat to take back Mosul, and the PTB pushing the reforms every way they could including the Clerics, I felt that finally, now, the PTB think its a go. So I do too.
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Mohammed Tawfiq Allawi replied to a message Keywords Section II

Orbit news – Sadun this topic quite frankly , and I will to Anjazatkma both of you and Akhvaqatkma without courtesy, so I ask again from both of you handle a spirit of sportsmanship with what I will say in order to reach the correct foundations for planning policy of economic sound to avoid the negative effects of what will face the country’s difficult economic conditions due to lack of resources and the large number of obligations at this difficult stage for the advancement of the country and save the citizens of the great suffering seemed to highlight her features…

Read More: http://www.DinarUpdates.com/blog
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wmawhite – Interesting that there are many groups/entities surfacing that are not just in Iraq, but they are from many other countries; ready to do business with Iraq…this why I continue to believe that the first evidence of this manifesting will come from Iraq’s regional business partners.
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Breitling – Is Iraq’s currency recognized internationally?  Absolutely it is.  Every country’s currency is recognized internationally.  It goes back to, “Is the currency a scam on any level at all?”  No, it’s a countries currency.  We can speculate if it’s going to up or down in value.  There’s nothing wrong with that at all.  Iraq simply wants to get is currency back to the value it had before…They have to stage it correctly to do that…they just can’t throw numbers around…they can ruin their own economy if they pull the trigger too fast.
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rcookie – iraqi economic forum launches sunday night…in amman jordan…attendees included unions…organizations and boards of private sector both inside and outside of iraq…iraqi national business council in jordan…iraqi national business council and council of iraqi work in abu dhabi…and iraqi council of lebanese businessmen as well as iraqi council in britain…. wow!!… wow!!.. wow!!
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Iraqi Dinar/Dollar auction (most recent listing) 04-04-16

Currency Auctions Announcement No. 3171

This daily currency auction was held in the Central Bank of Iraq on the 04-04-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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tman23 – …PM Abadi authorized the Kurdish faction in the Iraqi parliament to send the list of their candidates for ministerial positions in the new cabinet… THIS MEANS THAT ERBIL AND BAGHDAD HAVE A POLITICAL AGREEMENT IN PLACE…ABADI DID NOT DARE PLAY CHICKEN ON THIS ONE WITH ERBIL…THE CLOCK IS TICKING AND ABADI IS ON THE HOT SEAT… VERY GOOD NEWS!
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mike – Article:  “Electronic payment reduces the risk of hoarding money”   I think this is a good idea, it would be a great idea if Iraq had the infrastructure to support an electronic payment system.  Let’s face it, these guys don’t even have electricity 24 hours a day to facilitate these kinds of transactions, let alone the POS system to make it happen.   I’m not saying it’s impossible to do this in the ME, Kuwait, Jordan and Isreal all have comprehensive POS systems in place and used regularly, it’s not that way in Iraq, at least not yet.  In the end, I see the citizens going to the banks and withdrawing their salaries from the smart cards and converting it into cash and going about their business.  I hope I’m wrong.
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tman23 – “…After the Iraqi PM Haider al-Abadi presented a list of 16 candidates for the upcoming technocrat cabinet, one of the Kurdish figures dropped out today. Nizar Muhammed Saleem Doski, from the Kurdistan Region, announced his withdrawal from the candidacy for the position of the Iraqi Oil Minister. He explained that with the lack of a political agreement between Erbil and Baghdad, he cannot take the position…”  THE STONEWALLING BEGINS…AND QUESTION IF ABADI IS GOING TO BE ABLE TO IMPLEMENT HIS CABINET WITH IN THE 30 DAYS.
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rcookie – THE OIL ARREARS ARE IN THE 2016 BUDGET…AGAIN THATS WHAT MAKES THIS YEAR…AND THIS BUDGET COMPLETELY…COMPLETELY DIFFERENT THAN ANY OTHER…EVER…EVER...
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Delta – Article quotes:  “The Ministry of Finance that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of Iraqi dinar in the International Monetary Fund.” “The International Monetary Fund expressed support for the Iraqi economy in the event of his a number of economic measures, including the privatization of banks and lifting the three zeroes from the currency and honoring debts.”  I BROUGHT THIS ARTICLE FROM 2012, IT’S VERY CLEAR NOW THAT IN ORDER FOR IRAQ TO GET THE LOAN THEY HAVE TO IMPLEMENT WHAT THE IMF TOLD THEM TO DO, ALSO ONE OF THE REFORM IS THE CURRENCY.  THE IMF SAID THAT THEY WILL GIVE IRAQ $15 B OVER THREE YEARS.  THE FIRST $5B WILL BE BY JUNE, IN ORDER FOR IRAQ TO GET THE MONEY THEY HAVE TO ACT VERY FAST.
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firefly – [...what are they waiting on?]  It will get done when maximum benefit is attained...and NOBODY knows what the exact date is…period.
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rcookie – ABADIS SPEECH TO PARLIAMENT WAS AWESOME!  SADR COMPLETELY PACIFIED…CALLED ABADI HIS COURAGEOUS BROTHER…ABADI THANKING SADR FOR STEADFAST OVERSIGHT OF PEACEFUL PROTESTS…IT IS AMAZING…HISTORIC…!
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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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