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 – 04.19.2015

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I do believe that where there is a choice only between cowardice and violence, I would advise violence. – Mohandas Karamchand Gandhi

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*** Current News ***

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BGG – I’m telling you folks…(not a prediction)…It will not surprise me if Abadi s****s this Parliament and has early elections. In the mean time – he can seat his Cabinet “by proxy” (I think)…and do the things he needs to – weeding out these corrupt ministers.  ( the above would NOT SURPRISE ME)  [Couldn’t that open door for Malaki to come back?]   It would actually open the door to direct prosecution against him.
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Kaperoni – Article: “Iraqi dinar oil between the hammer and the anvil of political conflicts!”   Quote:  “Following the appointment of a new leadership of the bank put the current governor and the agency on the Keywords project again pledged to implement it at the beginning of 2017…”  I do… like the reference to 2017 in the article.  There were several articles last year that talked about the issuance of 3 new lower denominations (50, 100, 200) early 2017 (which then we deducted the float would have to start prior to raising the dinar enough to warrant the new notes).  This time around with the IMF talking about the “Iraq will return to the market mid-2016” which we know would drive the value of the dinar up, and the articles about issuing 3 lower denominations early 2017, and todays notice that they want liberate Mosul by end of year, it seems everything is lining up to begin the float very soon (sometime from now to the end of the year) with a rate of .05 or so early 2017 which would demand the release of the first 3 smaller bills (50, 100, 200).  Interesting puzzle.   We can hope anyway.
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Islandg1211 – It’s the separate interests of three becoming one, protected by the US military, that will bring the next planned phase of peace and reconstruction.  The Sunnis, Kurds, and Shiite need to have their respective interests met in order to unite and become one GOI, one currency, and one military.  Uniting the three Presidencies and Abadi and getting the new Ministers voted in would finally unite the GOI so they can get the needed laws passed. The HCL and RV unites everyone: GOI, CBI, citizens of all regions, and international oil companies.
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Mountainman – Well Other than HANGING A NEON SIGN…This is As INTENTIONAL by {ALL} Parties as it Gets...Welcome to ARTICLE 8 COMPLIANCE w/a STAND BY…and MORE to COME…It’s Unfolding… AWESOME…It’s {URGENT}!  (8) = New Beginnings Even Now…Unfolding… w/Long MEETINGS…
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Islandg1211 – After last week’s chaos in the GOI, the last few days were filled with meetings. Looking at concessions, money, military aid and future meetings, hopefully things are speeding up. Zebari’s meetings look to be successful with the IMF, World Bank, and it appears he will be bringing home the bacon with loans, bonds, and maybe even a better credit rating.  Shababi should be happy not to use any more of the CBI’s reserves to pay contractors and bills.  The Kurds got US money for their military, we’ll see what happens to Zebari. The war on ISIS in Mosul got more troops and helicopters.  It was great to see that article on the US military strongly supporting the three presidents and Abadi’s reforms.   IMO The GOI really needs to come out tomorrow [Tuesday] with unity and actually vote in Abadi’s technocrats and move on to voting in the basket of laws. IMO end of April is the IMF’s preferred time to RV.
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firefly – Article quote:  “Baghdad, 26 March 2016…As-salaam ‘alaykum…Good afternoon.  Great pleasure for me to visit Iraq again, I am pleased to be back in Baghdad for my eighth visit as Secretary-General and I am very much impressed by all the progress you have been making, particularly against Daesh.”   I am very much impressed by all the progress you have been making…This is the UN talking folks, not some silly Iraqi article / blog.
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Millionday – Article quote:  “Ali gesture came out investment forum Iraqi Canadian , which was held in the city of Toronto with several recommendations, most notably the willingness of Canadian companies to enter the Iraqi market and the implementation of various projects.”  WOW — CANADA…THIS IS HUGE IMO.  …THE MEETINGS THAT HAVE TAKEN PLACE AND ALSO THE MARKET AND INVESTMENT ATTRACTION IS GREAT…WHOOPOW.
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Shredd – [...it’s good to see the wheels are still turning on the efforts of the WB and IMF.]  Iraq must be compliant with having a true representation of value behind their currency. It’s not a matter of they can or should but they must be compliant. A falsely held down rate is not compliant nor is a “dual currency” model.  I am glad to see this continued pressure…clearly the deadline to their patience is near.  [do you think the value of the dinar will increase this yr?]  What will cause the value to increase is of course moving to a market-driven float which is a requirement in a market economy by definition.  When that move is made, I believe the value would certainly gain from where it is.  so, for timing…if this pressure by the WB and IMF works, then I certainly think we could see change…first, how soon will parliament respond…second, how long will it take to implement…and third, how will the value emerge and grow…so much yet to be seen…I’m encouraged. We’ll have to see how this plays out…   [post 2 of 2]
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Ministers of the Liberal bloc offer their resignations to Ebadi

Ministers of the Liberal bloc offer their resignations to Ebadi

Ministers announced the Liberal bloc, on Monday, submitting their resignations to Prime Minister Haider al-Abadi as of today, considering staying in the new government of quotas as a process, “the production of corruption and failure again.”

Read More: http://www.dinarupdates.com/showthread.php?33205-Ministers-of-the-Liberal-bloc-offer-their-resignations-to-Ebadi
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Shredd – I’ve been really interested in the IMF threatening pulling funding due to political lag…that was a huge part of their loan, to get to a market economy…the FC and planning need to make a move soon…The dinar will represent true value and the power to boost it to far above where it is has been in place from the beginning.  Politically, laws that have long been needing to be passed must be. Economically, the float needs to be engaged as part of moving to a “market economy”.   Planning, needs to plan the timing and process around keeping money supply at the necessary level…also, good to see that article…about the trip to Washington to discuss increasing the rating…if nothing else, this shows us the plan to bring international investment into Iraq is still a priority.   [post 1 of 2….stay tuned]
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rcookie – IMO…THE PARLIAMENT OBSTRUCTIONISM IS THE 11TH HOUR DESPERATION EFFORTS OF MALIKI… AND ARE DELAYING COMPLETION OF LAW BASKET INCLUDING FED COURTS…AMNESTY AND ACCOUNTABILITY & JUSTICE..WHICH I THINK WILL FLY THROUGH ONCE CABINET RESHUFFLE IS COMPLETED…THATS WHY THEY ARE OBSTRUCTING…
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Iraqi Dinar/Dollar auction (most recent listing) 04-19-16

Currency Auctions Announcement No. 3182

This daily currency auction was held in the Central Bank of Iraq on the 04-19-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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firefly – Only thing that is important to me is that they are having INTENSIVE talks in Washington. Parliament and the COM can stand on their heads of all I care.  The only people that matter are the ones in Washington right now…They are meeting with the IMF and WB!   [so how close are we ya think?]   VERY!
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 wmawhite – [Can they have a change of currency even with what is happening now in their government?]   …YES…It is the CBI and the banks within Iraq that will begin the process of settling foreign remittances (bills) using the value of the IQD, instead of the current letters of credit that are in USD. Many of these countries are already trading with Iraq in USD. The change to IQD will be initiated by the CBI…not parliament.  Currently…the IMF, WB have been working hand in hand with the CBI and the banks within Iraq for the sole purpose of Iraq (its banking system) to enter the global economy market.  Once Iraq makes the move to IMF Article 8, then those banks outside of the region…those not familiar with Iraq…will be more likely to do business with them.  As to the value…that is debatable…and not so debatable in the opinion of some…but, back on September 27, 2011…Shabibi, Saleh and Abadi spoke about the value of the IQD being within reason of the region… compatible.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 04/10 – @ 4:00pm CST

 Smart phone user link – Click here

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BGG – What is happening – HAS TO HAPPEN. They are dealing with systemic corruption.  [Can it delay the reform?]  That is the wrong perspective – it has to happen…forget delaying the reform…this IS THE REFORM…in essence – it is happening…
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wmawhite – The IMF…told the world that they expect Iraq to enter the world economy market during the 1st half of 2016. …the IMF made those statements back in November 2015 for a reason…and they followed up those statements with the Technical Letter of Intent, signed by the IMF, CBI and MoF.   Also, we have seen week after week of progress by the CBI even while the circus events were happening in parliament. This could happen within the next couple of weeks, or months. Either way though, it will happen.
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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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