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 – 04.08.2015

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It is dangerous to be right when the government is wrong. – Voltaire

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*** Current News ***

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firefly – “Design and implement an Integrated Financial Management Information System (IFMIS) with the assistance of the World Bank; as a first step, adopt, by end-April 2016, a road map detailing its core functional requirements…”   …adopt, by end-April 2016…IMF’s words, not mine.  I’m not giving dates/deadlines…IMF and Iraq is!  A country has to send the IMF a letter of intent prior for approval…Which then goes to the BIS for the seal of approval…The BIS then informs the IMF.   IMF stated that Iraq WILL join the global economy during the 1st half of 2016.  Actual wording was…The global market…Sounds good to me.
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Millionday – Article quote:  “(Declaration ) of the Central Bank of Iraq will launch national bonds ( nominal ) in Iraqi dinars ( on behalf of the Ministry of Finance) in nominal terms on 2016 / 3 / 15 and ending in 2016 / 4 /14 Bosaddarah of five categories”   IN MY OPINION — IT WOULD BE ECONOMIC SUICIDE FOR A BOND TO BE ISSUED AND THE SECURITY MARKET TO RAISE IN VALUE A LOT.   [is it possible to see a rise in the value of the dinar during the life of these bonds?]  IT IS POSSIBLE TO SEE A RISE IN VALUE AT ANYTIME IMO.
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Mnt Goat – …there has NOT been a reinstatement or a revaluation occurred as of yet. The lower denominations still sit at the state banks and in the USA embassy awaiting instructions but have not yet been launched. We still also wait for news of the CBI and its new technocratic leadership. I feel this may come at or around the same time as the cabinet reshuffle of Abadi next week.  I am optimistic that Iraq is still moving in the direction of their target of mid March to mid April for a window of opportunity to begin the deletion of the zeros project once again. We know the RV would soon follow afterwards. I am hearing nothing but good news from Iraq.   [post 2 of 2]
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Mnt Goat – Last weekend I checked in with my CBI contact in Iraq and I brought you good news from these folks…  So we all have the basic plan and outline of what is about to happen next week. We all should know the pieces to this recent puzzle we are trying to see. There is not much we can do now but pray…this plan all comes together very soon and on time.  …the CBI will guide us along the way to any significant value change in the currency and when it does happen you WILL know about it and it will NOT be secret.  [post 1 of 2….stay tuned]
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Millionday – Article:  “The US-MENA PSD (in accordance with the IMF- World Bank Spring meetings) New York – USA /NYFED 18 of April…Union of Arab Banks US-MENA Banking Dialogue Conference Hosted by the Federal Reserve Bank of New York, April 18th 2016”   WE HAD A REPORT THAT THE IMF IS URGING ALL EMERGING ECONOMIES TO GET REFORMS COMPLETE BY APRIL 14TH-15TH BEFORE THE WASHINGTON MEETING — (HOWEVER THERE ARE MORE THAN ONE WASHINGTON MEETING)… WHOOOPOW.
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Kaperoni – Article:  “Hatim George Hatim *: the stability of the Iraqi dinar against the dollar: Is it really necessary development”   …the CBI needs to have stability of the dinar which includes the spread.  This not only builds confidence in the citizens to use the dinar, the banking system, but meets the IMF conditions set forth to advance the banking system in Article VIII.  Shabibi did such an amazing job holding compliance for 11 straight months within 2% considering the conditions.  As this article talks about “stabilizing domestic prices” which is exactly the concept of maintaining 2% or less spread.   So we wait while they learn all over again.
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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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firefly – The IMF stated Iraq will enter the global markets by the 1st half of 2016!  And the loans begin in june?  I don’t do dates but I’m VERY excited by FACTS!
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Stryker – Article 78 of the Iraqi Constitution gives Prime Minister Abadi the right to replace any of his ministers with whomever he wants without any political bloc’s interference, as long as he has the consent of the Council of Representatives.
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Bruce – …THE FEELING WAS VERY STRONG FOR THIS TO GO THROUGH TUESDAY NIGHT. WE ARE READY ON ALOT OF PERSPECTIVES, BUT IT LOOKS LIKE A FEW THINGS STILL NEED LOOKING INTO… PROBABLY SECURITY ISSUES. WHEN THIS THING IS DESIGNED TO GO, IT WILL STAY IN PLACE. AND NOT BE INTERRUPTED…WHEN WE LEAST EXPECT IT, IT WILL SURFACE.  IT IS COMING… I KNOW IT IS ON IT’S WAY.  LET’S JUST LET IT HAPPEN, WHEN IT 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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Kaperoni – …Iraqi is not a country of rules, in fact far from it.  And it is those lack of rules that is holding up investors.  Despite [those] who say Shabibi is still there, or in charge etc. …He is not.  He has been gone for a few years and retired.  He may comment, he may come to economic events in other countries, but he is not part of the CBI.  He is like 74 years old now…I doubt he…wants to participate in the mess in Iraq…especially as long as Maliki still hangs his hat there.  Just to be clear, until parliament or Abadi changes it, Ali al-Allaq is the CBI Governor…
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firefly – Article:  “Iraq to set oil price at $32 in 2016 budget”   Quote:  “Iraq plans to lower the oil price forecast in its 2016 budget to about $32 a barrel from $45, widening its fiscal deficit by several billion dollars, the International Monetary Fund (IMF) and a senior government official told Reuters.”  The revised budget, which has not been finalized, is part of Iraq’s negotiations for a standby agreement (SBA) with the IMF, the official added.  The SBA financing could be approved as early as June.   Interesting timing according to the IMF statement of Iraq joining the Global Markets by the 1st half of 2016!
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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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Mountainman – The HISTORY of De La RUE…And Their {PRINTING DEALS}…Around the (TIME FRAME) of Executive Order #13303…W/Iraq’s DINAR being Printed Shortly thereafter!!!…ALL is ALWAYS {PLANNED} in Advance Prior to it’s Implementation…{THINGS}…Have “BEEN” …Shall We say, In the WORKS…and WHAT a DEAL they Made…Hmmm.
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Frank26 – I also want you to know that our technocrats are there…and we’ve been there for a while…our technocrats from DC are in Iraq…these guys are making sure that Abadi gets his reforms done….they are not going to allow Abadi to fail…He’s got everything that he needs…and there is tons of news coming out trying to tell you that…he got every reform he wanted…one of the reforms is the Monetary Reform…it is our strongest opinion that Dr. Shabibi will be returning to the helm of the CBI...taking hold of that wheel and with his other hand pointing to the Iraqi people and the international world saying…look we laid the ground work for the RI with the IMF for…many years…our RI is complete…and the RV is about to kick in…  [post 2 of 2]
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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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Frank26 – Abadi how long have you been telling us about the technocrats and your Cabinet…done…long time ago…ancient history…so what is going…let’s just say they are putting all these pieces together so they can officially come out with a GOI parliamentary structure that says…here we are…along with the Cabinet that represents the leadership of this government…Abadi the Prime Minister…change the direction of the Cabinet…change the direction of Parliament… mission accomplished sir…our TEAMS are focused on one thing…that is the three parts that create the structure of the Monetary Reform of the Iraqi dinar.  I am very seriously looking for it this week…very seriously looking for it in the middle of this month…IMO…  [post 1 of 2….stay tuned]
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Mnt Goat – Article quote:  “The Parliament Speaker Salim al-Jubouri called, in the (April 2, 2016), the parliamentary blocs to take its role in the study of names provided by the Prime Minister Haider al-Abadi to fill ministerial posts in the new government…”   …we now see some progress as the ball is in the court of parliament to review and ratify the candidates presented to them last Thursday by Abadi. Sadr has stated they have a deadline of 10 days to review them. This puts us to 4/10, next Monday for completion of this mandate.  Having said that I fully and strongly believe the next move by Sadr after the cabinet reshuffle in done will be to go after all those politicians who have corruption files on them that are now frozen (confined) in the green zone. Nori al-Maliki and his goons being on the top of his list. This seems the only way these criminals can be brought to justice in the current political situation. Iraq does not have years to play around with all the reforms they need to make. The IMF, WTO and World Bank wants to move this country forward and do it now.
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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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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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