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 – 04.07.2015

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Everyone has a right to speak; no one has a right to be listened to. – Will Spencer

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*** Current News ***

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mike – […realizing that oil prices have dropped and that is hurting the oil-producers economies, does anyone want to take a stab at what the dinar should be worth today versus the dollar?  Even with it pegged versus a basket of currencies?]  That’s a tough question… We all know that in order for a currency to have real value you need stability, security and a half way decent economy.   Iraq doesn’t have very much of either right now. The next step would be to compare rates for those in the region and other oil producing countries, who’s currencies have lost value because of the price of oil. At this point, I couldn’t even guess what a “correction” to the dinar might be.  [What we do know is a correction to the dinar sure ain’t 1182.]  Agreed…
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Stryker – The IMF Staff continues their monitoring of progress under their Memorandum of Understanding and has stated that the government is doing its part on financial and economic reforms. Three out of the five items were achieved by the end of 2015 with other outlined reform measures will underway.
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Dinar Updates ‏@DinarUpdates 7m7 minutes ago

Dinar Updates Retweeted Hayder Al-Shakeri

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Mnt Goat – The news is all very good and moving Iraq in the direction we need to see them mover. Remember I am still hearing there is a plan for currency reform geared to begin (or continue) the “deletion of the zeros” project in mid April by the launching of the lower denominations. I see this on track but only if we see the needed events taking place first.  Our main focus right now should be to watch for the announcement of the new CBI governor and I fully believe it will be Dr. Shabibi. So what do you think he will do once he is “officially” acting governor again? I believe he will continue the plan of currency reform much of were he left off in 2012.
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Stryker – It was posted today on the Arabic side of the CBI website but dated on the 4th of April, the announcement and Declaration of the Central Bank’s launch of National Bonds in Iraqi Dinars on behalf of the Minister of Finance and ending on April 14th. These will be in 5 categories: 100,000/250,000/500,000/1,000,000/5,000,000.   Could these be Domestic Denominated Bonds? It sure looks that way but we will soon find out because it looks like they will be offered through the ISX!
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BGG – Article:  “Washington and Tehran Rescue Abadi of the coup orchestrated by al-Maliki First Published: 2016-04-06″  I was reading something of a vague attempt – brewing for a while now…all of this came to a boiling point on the 3rd – when the Supreme Court came down with a ruling that Abadi can do what he’s doing…the crooks are fighting like made to keep their status quo…
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Islandg1211 – Frank [Guru Frank26] and teams got this right: “Article 140 is effective because of the recent financial budget which granted it.”  Go Budget! Go HCL! Go RV! Go April 2016!
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Millionday – Quote:  “Presidency of the Kurdistan Regional Government Bachirvh form a special joint committee and the exchange of foreign currencies Baerakip.”  SO AS WE SEE — BARZANI HAS FORMED A COMMITTEE IN — KURDISTAN — FOR THE >>EXCHANGE PROCESS OF THE IRAQI DINAR…WHOOOPOW.
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Frank26 – …the CBI is ready to announce Dr Shabibi because they were given his resume…and you are about find out…IOO that Allak says he resigns…the RI we have been experiencing for…about 8 months now…the RV…IMO…is next and it is going to start the moment that Dr. Shabibi proclaims who he is, what he is, and what he’s doing…he needs for them to LAUNCH the Monetary Reform. This is like a fire cracker…when you light the fuse…that was the RI…it is the big bang…the explosion that comes afterward that is the explosion of the rate…that is the RV.  We believe IOO that once Dr. Shabibi talks to you that it will be 10 days to 3 weeks to finish things. It was the IMF who announced the “plan” for Iraq by the middle of 2016….they have the child by the ear. We believe the IMF will not lie to us…this is good news.   [post 2 of 2]
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Washington and Tehran Rescue Abadi of the coup orchestrated by al-Maliki

BAGHDAD – entered the United States and Iran in a tacit alliance to support the Prime Minister of Iraq, which is challenging the ruling elite’s plans to form a government of non-political address the corruption comes to the rest of the economic and political stability in the country, a member of the Organization of the Petroleum Exporting Countries (OPEC)…

Read More: http://www.DinarUpdates.com/blog
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Frank26 – Dr. Shabibi will be giving a press conference very quickly…the only way it can go out with what he needs to tell you is if he is the governor of the CBI…then he can proclaim any change in rate of their countries currency…we needed SECURITY…we got it…we needed our banks…we got them…we needed Dr. Shabibi back…he’s coming…we need something that was moved electronically to be moved physically…but we really don’t need it…Abadi got EVERYTHING he needed.  15 cabinet members have been given to Abadi as a GO…they are ready to go in the GOI…   [post 1 of 2….stay tuned]
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Millionday – Quote:  “…the IMF was “on alert, not alarm,” Lagarde said, urging major powers to accelerate structural reform, maintain accommodative monetary policies and invest in infrastructure.”  THIS WAS CL [CHRISTINE LAGARDE]  FROM IMF ACCORDING TO REPORT.  NOTE — THE IMF IS >>>ON ALERT…NOT ALARM — ALERT — WHOOPOW.  ASKING TO SPEED UP REFORM — OBVIOUSLY FOR ECONOMIC STABILITY FOR THE GLOBE  BY THIS DATE PLEASE >>> “She urged “decisive action” ahead of a meeting of leading advanced and emerging economies in Washington on April 14 and 15.”
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Bruce – What I am hearing from certain bank sources very high percentage almost 100% this going down very shortly.   WE are very close…It is a process…It looks like we are at the end...now we see what happens.
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A political source: Macgork put three conditions for the political blocs in Iraq to pass ministerial cabinet

A political source – Macgork put three conditions for the political blocs in Iraq to pass ministerial cabinDetection and a source close to the side of the discussions under way to form a government of technocrats for the presence of US pressure to pass the ministerial cabin provided by Abadi of the parliament.

The source confirmed that the representative of the US president special envoy to Iraq Bert Macgork three conditions put in front of the political blocs to pass ministerial cabin was the first of retaining Abadi, head of the government and the second is the US withdrawal of support from fighter Daash in the case was dismissed Abadi The final condition represents not exceeded Abadi political technocrats whose candidacy political blocs, which means that the Americans have put two conditions for the benefit of Abadi hurt in the last requirement in the interest of the political blocs…

Read More: http://www.dinarupdates.com/showthread.php?33013-Macgork-put-three-conditions-for-the-political-blocs-in-Iraq-to-pass-cabinet
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Delta – It is the IMF that is in charge and…they will be making the decision on the CBI governor,  [ I ] feel it will be Dr. Shabibi… he will in all likeliness come back to finish what he started…and then he may desire to retire…as he does the work he needs to finish things don’t forget he will have the IMF helping along, due to the contract they have with Iraq until the end of 2016.
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Kaperoni – [Are we confident that the new plan is a float?…]   The dinar is currently pegged.  They are not moving to a peg.  What they will do is move to a float to allow the dinar to rise based on supply and demand.  Whether that is a free float or some form of basket is yet to be determined.  
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Frank26 – last night...Dr. Shabibi turned in his resume to the international world…Dr. Shabibi has been the governor of the CBI all along…he was dismissed by Maliki in 2012 but he remained the governor of the CBI all along…and he worked on the Monetary Reform of his currency…of his country that he loves and cares for all this time…So may I suggest to you that Dr. Shabibi handed in his resume…these are my qualifications for being the governor of the Central Bank of Iraq because maybe Allak is now ready to hand in his resignation and say good bye…just as we told you…we said …that he would be there…that he will take the helm…what are you thinking of doing Dr. Shabibi…well maybe I come back and stand on that soapbox and make an announcement…tell the people…I love ya…and I tell them to get their RI set because the RV is next…   [post 3 of 3]
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Sistani and Iran and America agree: Abadi remain in power and appoints new ministers

BAGHDAD / Hassan Shammari: Sajjad stressed horses analyst provides advice to the Prime Minister Haider al-Abadi, on Wednesday, the US and Iranian religious cleric Ali al-Sistani had them all have the same opinion, “Abadi remain in power and appoints new ministers.”+

According to a report for “Middle East Online” and seen by “Sky Press”, citing political sources said that “the two rivals break-ins, WA, and Tehran had put pressure on their allies in Iraq not to seek to remove Abadi at a time when trying to form a government of technocrats,” adding that ” US and Iranian efforts helped to bury the attempt last week to keep down Abadi carried out by al-Maliki, Secretary-General of the Dawa party, which controls about one-third of the seats in parliament. “…

Read More: http://www.DinarUpdates.com/blog
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Frank26 – I love that many oil companies are in Iraq digging, exploring, and drilling in Iraq even more than before. Something has enticed them to reach deeper into their pockets for Iraq and for themselves as international companies.  Iraq has disrespected the international world for the last 10 years with all of the gifts and the alms that have been paid at their feet, it is time to pay up Iraq. You are primed to enter Article 8 of the IMF in the first half of 2016…you are now officially weaned.  The RI…the Reinstatement of the currency…the preparation…all of that is what is going to allow them to enter into Article 8…oh my word…they got all these things done.  Let’s start the reconstruction… raise the value of your money…because the loans are not for that part…that is not the deal…the new math is for that part.   [post 2 of 3….stay tuned]
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Frank26 – …so will Iraq comply with the IMF to do a few things by the end of the first half of 2016…well I see them running to this position far more than I see them delaying …it is impressive fighting corruption and prosecuting became an eruption and it has succeeded. But laws are ready to dominate because many reforms have already commenced…weeks and months ago in Iraq without them telling you…reforms are marching…I can tell you very clearly that Abadi got what he wanted…he got all his reforms…IMO…you see the evidence of it…banking systems…MasterCard…bonds actually being sold…and so on…this is HUGE.   [post 1 of 3….stay tuned]
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tlar – Article quote:  “Rafidain Bank announced on Tuesday for the bank to sell the dollar directly through its branches in Baghdad and the provinces, while confirming that the selling price will be as specified by the Central Bank of Iraq.” This is, again a smart move by the central bank. If an Iraqi can buy the dollar at the bank for 1182 he would be stupid to pay a street rate of more than that. This should clean up the difference between the street and program rate pretty quickly in the cities of Bara and Bagdad. It should almost take the middle out of the picture in most populated areas. This should have been done months ago but either way, it is another smart move by Keywords CBI. It does make you wonder how an uneducated man with no experience in banking can have come so far so fast. Great advisors no doubt (Shabibi).
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Iraqi Dinar/Dollar auction (most recent listing) 04-07-16

Currency Auctions Announcement No. 3174

This daily currency auction was held in the Central Bank of Iraq on the 04-07-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Breitling – People always ask why is it they have not revalued their currency?  Well it’s because they have a fantastic insurance policy.  It’s called the US dollar…right now they are not getting as much as they used to.  Even if the price per barrel goes up they still have to make up for what they lost.  That’s where they are being cornered and being pushed to add value to their currency right now.  That’s why it’s such an awesome time to looking at the dinar and being in the dinar because of that type of pressure.
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Islandg1211 – …the PTB hadn’t backed the RV until last Fall, and…they had set a target date in April.  As a result of their decision, everything had to be set in motion. Orders for the US to lead the attack on ISIS – particularly their money, oil, leadership had to be targeted.  Mosul somewhat liberated. Fully formed government in Iraq. Laws passed. Corrupt gone. Corruption world wide exposed with accounts frozen before the RV.  Shababi back. Frank [Guru Frank26] and teams and the news articles themselves are showing us the plan in its entirety being completed on schedule.
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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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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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