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 – 04.22.2015

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NEWS FLASH… Harriet Tubman was a STRONG supporter of the Second Amendment, and she of all people understood the dangers of being unarmed. BGG

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*** Current News ***

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Ok – so here it is…

I have been working on this info for a couple of days now… I needed to look into it, capture some screen shots on my own and mull it over before I put this out…

It appears, last Tuesday, for about 3 hours – the Investing.com trading platform was showing an increased value to around 8 1/2 cents… I’ll add more details as we go…

Here is a screenshot taken last Tuesday, showing a clear increase in the value of the Dinar. Obviously, only for about 3 hours, but still… very exciting.

To “fact check” this for yourself, go to – http://www.investing.com/ – move your cursor to “More”… click on “Currencies”… In the Middle East section find USD/IQD – click on it…

Just under the USD/IQD overview – there is a line that has the “1H” shown below… click it, you will notice that for approximately 3 hours on the 19th, the value (on this platform) of the IQD was reflected as approximately 8 1/2 cents (more on how I arrived at this later).

BTW – It obviously shows a significant increase (like – almost 10,000%). When you place your cursor in the lower right hand circle… it will show a value (at that time) of 11.8 Dinars per USD. WOW!! (Thanks to thh for providing this info)…

Read More: http://www.dinarupdates.com/blog/
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firefly – Article quote:  “In March, boutique investment bank Exotix Partners issued a “buy” alert on Iraqi benchmark U.S.-dollar 2028 bonds, taking into account Iraq’s low oil extraction cost and projected increases in production.”   issued a “buy” alert…Hmmmmmm.  I’m not saying RV lol, but very telling.
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Adam Montana – [On every ones mind would be Parliament, the GOI, and what the recent turmoil we are seeing means?]  YES – the turmoil! It’s about darn time something happened, I’m looking for good news to come out of this.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

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Frank26 – there have been a lot of meetings going on and these meetings were mainly in Iraq…but now they are in Iraq and DC…but they are mainly in DC…   This is the reason why we see all these meetings…the bonds are being born now…they are going to sell these bonds in American dollars…they are going to do this now…these bonds will work…NOW…So the USA has gone in to co-sign and support these bonds that are about to be sold internationally in USD…There have been so many meetings with the WTO, the WB, the IMF…the US is in CHARGE…right or wrong the US is in charge…we are in charge of what is going on in Iraq.
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rcookie – THE US HAS ALREADY MADE ITS INTENSE POSITION OF SUPPORT FOR ABADI RESHUFFLE AND NATIONAL REFORM PROGRAMS…AND NOW…   Article:  “Urgent .. EU announced a financial grant of Iraq and in support of Ebadi”  SO…ABADI AND NATIONAL REFORM PROJECTS HAVE STATE…REGIONAL..AND GLOBAL SUPPORT COMMITMENTS… VYING AGAINST SOME INTERNAL OBSTRUCTION FACTIONS…AND REPORTS TODAY OF MALIKI OFFERING SPECIAL FAVORS TO MP’S FOR DISMISSAL OF “FALL OF MOSUL” INVESTIGATION…AND HIS NAME FROM THE SUSPECT INVESTIGATIONS…THAT NOURI…WHAT A GUY…
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Shredd – Article:  “WASHINGTON: Iraq’s economic reforms began effects increase non-oil imports”   Quote: “the Iraqi government’s success in economic reforms would mean signing an agreement with the International Monetary Fund, you get a loan worth billions of dollars.”  Great article and we again see the leverage the IMF has with Iraq. That is why the pressure from them is so great to see.
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firefly – Bottom line is Parliament has been suspended (fired)…And Abadi IMO will show us his new ministers VERY soon.  Nobody in {Parliament has immunity because they are no longer a part of the government…And IMO Abadi will Proxy in the EXPERTS of his choosing…be happy this ride is at completion IMO.

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Breitling – How is the dinar going to be taxed?  How I discovered how it’s going to be taxed, I went back through some of my tax records and one of the project I had was Brazil …It was actually a very significant amount of currency I brought back and I looked to see how I was taxed and it was ordinary income…it was a big chunk and that is the way they taxed it.  I’m NOT a tax guy alright…It’s different in each state on how you can set things up and how you categorize things and how you can spend it…so you get the gist.  Ordinary income is going to be across the board in the entire country.
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Shredd – Article:  “Iraq Stock Exchange is planning to work after the trading system to “streamline” procedures and “activate” investment”  Really good to see this. Look at this from the outside…would this even be happening if investment interest was low or if tremendous wealth and gain was not possible?  …we all know Iraq is primarily an importer outside of oil. We also know they must diversify in this regard to mitigate the risk of large market swings having too much of an impact on the entire country’s economy.   This is yet again another article that reminds us of the investment architecture being built over the last several years. The investment desire is there and once we see stability in security and the government, we’ll see growth.
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www.DinarUpdates.com – save as favorite!!
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Bruce – YESTERDAY OR TODAY THE IMF MADE LOANS TO IRAQ!   SO WE ARE HOPING THIS IS A PARALLEL! THE WORLD WIDE ANNOUNCEMENT AND TRADEABILITY MAY COME OUT IN LIKE MANNER…THINK THIS IS SIGNIFICANT BECAUSE OF THIS TIMELINE… INTERESTING COMPILATION OF THINGS WE THINK IS BEING CORRALLED.   BASED ON INTEL THEY ARE GETTING—IN A MODE OF ANTICIPATION OF THIS HAPPENING—NOT CALLING IT—JUST SAYING POINTING TOWARD IT GOING VERY QUICKLY.
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Mountainman – JACK LEW (Was There and Apart of) “WHEN” KUWAIT REVALUED their CURRENCY in the 1990’s…Actually was A Key Component…So HIM being there NOW at {THE END} is PARAMOUNT in the BIGGER PICTURE…And These LONG MEETINGS…Are About…The TERMS/GUARANTEES for the USA to {COVER} their ASSETS = HOW/WHEN IRAQ Pays Back the “GUARANTEES”… With IRAQ being The WEALTHIEST COUNTRY In the WORLD and The KNOWLEDGE the USA has About the [NEW GLOBAL REALITY] and {ALL} Involved…It’s Really NOT A Problem…To {GUARANTEE} w/J.LEW’S /U S A ‘S Blessing…(8) = New Beginnings…SOON… IMO.
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Source: al-Jabouri infallible will be asked to dissolve Parliament and hold early elections

Baghdad – Parliamentary sources, Wednesday, the President of the House of Salim al-Jabouri to visit President Fouad Massoum, adding that al-Jabouri infallible will be asked to dissolve Parliament and hold early elections.

The source said in an interview for “sky”, “Parliament Speaker Salim Al-Juburi went to visit President Fouad Massoum”.

The source said on condition of anonymity, said al-Jabouri infallible will be asked to dissolve Parliament and hold early elections. ”

A parliamentary source said early Wednesday that the chaos occurred inside the House, cause upheavals to trap some of the deputies commissioned mp Mishan al-Jabouri request requires the removal of the three presidencies, said Salim Al-Juburi asked the President of President Fouad Massoum to attend Parliament.

Earlier, the source said Tuesday that the number of signatories to the sacking of the three presidencies reached 167 Vice “, adding a” this dismissal presidencies have reached normalcy.

Read More: http://www.dinarupdates.com/showthread.php?33615-Source-al-Jabouri-infallible-will-be-asked-to-dissolve-Parliament-and-hold-early-ele&p=150628#post150628
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Poppy3 – …THE RATE WILL APPEAR ONE MORNING THE FIRST MINUTE THEY FINISH WHAT THEY BEEN TOLD TO COMPLETE BY UN, IMF, WB…NOT ONE DAY BEFORE AND NOT ONE PERSON KNOWS WHATS ON THAT LIST OF ACCOMPLISHMENTS THEY MUST COMPLETE.
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Millionday – THE IMF HAS GIVEN A FORMAL RELEASE TO MOVE IRAQ TO ARTICLE 8 AND IT IS ON THE FORMAL WEB SITE OR AT LEAST IT WAS — THEY WILL NEED TO HAVE PRICING AND ALL TRADE EQUAL AND COMPETITIVE — WE HAVE NO GUESS OF WHAT THAT WILL BE BUT THE RATE THEY HAVE NOW AND THE PRICING IS ALL FROM THE IMPOSED RATE — WHAT THEY COME OUT AT PRICE WISE WILL HAVE TO BE AT A VALUE THAT COMPETES IN THE MARKET — ONE WAY OR ANOTHER — ECONOMICS GLOBALLY REQUIRES A CALCULATION THAT ALL COUNTRIES ARE REQUIRED TO HAVE — THAT IS HOW THE VALUE OF THE DOLLAR AND ALL CURRENCIES ETC ARE DECIDED — THE GLOBAL PRICING INDEX.  [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 04-21-16

Currency Auctions Announcement No. 3184

This daily currency auction was held in the Central Bank of Iraq on the 04-21-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Millionday – Article quote:  “The US ambassador to Iraq…said in an interview…that “the economic reforms the Iraqi government began its effects appear to increase non-oil imports,” noting that “the continuation of the Iraqi government in this performance will contribute great in the elimination or reduction of the budget deficit.”  THE IMF IS MOVING FORWARD WITH A LOAN DUE TO PROGRESS ACCORDING TO THIS…THEY ARE WORKING ON THEIR GDP — THIS WILL IMPROVE THE COUNTRY BECAUSE IT IS WHAT IS THE BACKBONE OF THE ECONOMIC REFORM AND THEIR ENTRY TO THE MARKET IN THE GLOBE — THEY ARE TALKING ABOUT TRADE MOVING FORWARD, IT WILL REQUIRE THE INTERNATIONAL EQUATION THAT THEY WERE ORDERED TO COMPLETE — FAIR TRADE.   [post 1 of 2….stay tuned]
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firefly – …keep an eye on the Standard Charter Bank!  THEY WILL PLAY A ROLE…A BIG ONE   [why Standard Charter? Weren’t they just meeting with JP Morgan/Chase in WA?]  ...Standard Charter was the broker when Kuwait re-opened their banks and reinstated their currency… Right after the IMF gave Kuwait their loan…Kuwaits government was also dysfunctional, the citizens had no electricity and sleeping in the mud. Also the oil fields were on fire still.
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Chest: elections, “early” may be the beginning of the end of quotas and corruption

Chest: elections, “early” may be the beginning of the end of quotas and corruption

Saw the cleric, Muqtada al-Sadr, on Wednesday, said that “early elections” may be the beginning of the end of quotas and corruption!!

Read More: http://www.dinarupdates.com/showthread.php?33619-Chest-elections-quot-early-quot-may-be-the-beginning-of-the-end-of-quotas-and-corruption&p=150632#post150632
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Kaperoni – So, the significance is that if they ever want to attract global investors into the ISX (which they do to raise capital for the private sector businesses), they need to get the banking system on an international level with freedom of movement of capital (get the dinar accepted and converted worldwide). This kind of article is good news because it shows not only the intent, but it provides another reason to get this done sooner than later.  I will also add that it states…”expected “system accomplish the end of the second half of the current 2016 ” which falls in line with the other references about opening Iraq’s banking system this year.   [post 2 of 2]
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Kaperoni – Article:  “Iraq Stock Exchange is planning to work after the trading system to “streamline” procedures and “activate” investment” ...the main reason the ISX is limited is because the dinar is not more accepted and convertible worldwide. Think of it this way…”the remote Trading system can investors from trading in securities via the internet from anywhere.” Imagine that situation today, and you wanted to have this trading platform on your home computer in the USA and invest in Iraqi stocks. How would you pay? US dollars? Who would do the conversion to dinar? Would you have to have a dinar denominated account? Yes, there are ways to accomplish this without the CBI moving to IMF Article VIII like having a “custodial banker” (someone who handles these transactions for you)…   [post 1 of 2….stay tuned]
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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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