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

______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

Indicative rates – 04.26.2015

http://www.cbi.iq/

______________________________________________________________

Crisis is the rallying cry of the tyrant. – James Madison

______________________________________________________________

*** Current News ***

______________________________________________________________

The United Nations stands ready to intervene to dissolve the parliament crisis

The United Nations stands ready to intervene to dissolve the parliament crisis

Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubis, the United Nations stands ready to find a political solution to the crisis that is currently taking place in parliament, he said.

He said in a statement after a meeting with President Fuad Masum said the political parties in Iraq must reach a political solution, and on an urgent basis, based on the Constitution and the law and the principles of democracy, which puts an end to the state of division and paralysis taking place in Parliament, paving the way rapidly to initiate and proceed forward with the necessary anti-corruption measures and reforms as well as ensuring the smooth functioning of state institutions without any pressure or intimidation noting that the United Nations stands ready to facilitate these efforts, if needed and if requested by the parties.

Read More: http://www.dinarupdates.com/showthread.php?33885-The-United-Nations-stands-ready-to-intervene-to-dissolve-the-parliament-crisis
______________________________________________________________

Backdoc – ARTICLE 4 WAS GIVEN TO VIETNAM! WOOO HOOO.  THIS MEANS THEY NOW QUALIFY FOR A CURRENCY OF VALUE ON THEIR OWN AND NO LONGER NEED TO REMAIN PEGGED TO THE DOLLAR! I LOOK FOR THEM TO PEG TO THE SDR AND BE A DONOR CURRENCY JUST LIKE IRAQ!
______________________________________________________________

Kaperoni – Article:  “Iraqi economic expert’s (Basenyoz): The federal government will face difficulty in paying employees’ salaries after next June” There is a plan.  Both the CBI and IMF knew of the financial situation back in Dec when they signed the MoU. 
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)

______________________________________________________________

Islandg1211 – A few things caught my eye today in the articles…IMO, they were expected at this time, because I’ve felt the end of April was the most likely time for the RV based on their history.  Jack Lew’s co-signing of Iraq’s loans from the IMF prompted me immediately post “it’s done.” I have been expecting this time frame. Today, these articles just continue to support my expectations:  We were expecting oil prices to continue to climb a bit, and they did.  Another step, is the continuation of the CBI checklist on their LOI (Letter of Intent) to the IMF being met. Restructuring the banks had to be done, was on the list, and has been completed.  Lastly, I was expecting an expanded holiday this weekend with the ISX closed. I expected them to close this Thursday, and RV then.  That has been my opinion for many months.  Today’s article states that ISX will be closed starting Friday through early next week. Let’s watch to see if the CBI follows suit.
______________________________________________________________

rcookie – Article quote:  “A senior government source revealed, on Sunday, to inform the head of the Integrity Commission Hassan Yassiri Prime Minister Haider al – Abadi, the existence of documents proving the involvement of ministers and political leaders of corruption and illegal speculation by the central bank auctions.”  DOCUMENTS PROVING THE INVOLVEMENT OF MINISTERS & POLITICAL LEADERS OF CORRUPTION AND ILLEGAL SPECULATION BY CBI AUCTIONS…MP’S USING ARAB BANKS OUTSIDE CONTROL AUDITING…IN RETURN FOR BANKING SHARES AND HUGE QUANTITIES OF USD SOLD THROUGH BLACK MARKET…WOW!!…WHAT A SHOCKER…THINK THAT MIGHT BE THE THE REASONING BEHIND THE INTERNAL PRESSURE TO KEEP THE AUCTIONS ACTIVE IN SPITE OF THE OVERWHELMING EVIDENCE OF CATASTROPHIC FAILURE…
______________________________________________________________

______________________________________________________________

Millionday – Article quote:  “Chairman of the Board of Governors, said in the Iraq Stock Exchange Thaer Adnan Hashim: The development of the capital market in Iraq is important and highlights its importance in the development of the business sector and increase the rate of GDP, and the transition to a market economy…”   THE DEVELOPMENT OF THE CAPITAL MARKET IS REQUIRED TO MOVE FORWARD WITH DEVELOPING THE FREE MARKET ECONOMY — RAISED GDP — AND TRANSITION TO PRIVATE MARKET
THE INTERNATIONAL STOCK MARKET INVESTMENT LAWS NEED TO BE MADE CLEAR — THIS IS ONLY DONE FOR ONE REASON — SO THAT THE ISX CAN BE INVESTED IN AND DEVELOPED FOR INTERNATIONAL INVESTORS AS EXPECTED — THEY ARE STATING THAT IT IS TIME TO APPLY THE COMPANIES ACT– ALLOWING INVESTMENT IN THE ISX SHARES…THIS MEETING WAS HUGE AND FOR ECONOMIC REFORM AND DEVELOPMENT… THIS IS ALL TO MOVE TO THE INCLUSION OF INTERNATIONAL INVESTORS…
______________________________________________________________

Backdoc – Article: “Crude Oil Tankers Bound For China Surge Amid Stockpiling Signals”   […why is china stockpiling oil?]  IF YOU KNEW THAT THE WORLD WAS ABOUT TO FIGURE OUT THAT…OIL WAS GOING TO COST YOU A LOT MORE IN THE VERY NEAR FUTURE WHAT WOULD YOU DO? THAT’S RIGHT BUY, BUY, BUY!  YOU SEE THERE IS A VALUE CHANGE COMING AND IT WILL COST CHINA MUCH MORE LATER THAN IT DOES NOW FOR ITS OIL!  THE PROCESS OF CHANGE WILL BEGIN IMO LATER THIS WEEK IF A RATE FOR ALL THE EMERGING COUNTRIES LAUNCH THEIR RATES!  WITH EVERYONE READY ITS SIMPLY ONLY A QUESTION OF TIMING NOW!  THERE IS A VALUE CHANGE COMING GET READY!
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Tuesday evening 7:00pm CST!!

www.DinarUpdates.com – save as favorite!!
______________________________________________________________

rcookie – MORE IMPORTANTLY…ONE OF THE MOST IMPORTANT CBI ANNOUNCEMENTS THIS YEAR ON JAN 7TH….WAS THE DIRECTIVE FROM CBI FOR ALL BANKS AND FINANCIAL INSTITUTIONS IN IRAQ TO MIGRATE FROM UAS (UNIVERSAL ACCOUNTING STANDARDS) TO IAS (INTERNATIONAL ACCOUNTING STANDARDS) WHICH IS BEYOND HUGE…BECAUSE THAT CHANGE RESULTED IN COMPLIANCE WITH IFRS..(INTERNATIONAL FINANCIAL REPORTING STANDARDS) WHICH ALL PUBLICLY TRADED COMPANIES IN GLOBAL STOCK MARKETS AND BOURSES USE…   [post 2 of 2]
______________________________________________________________

rcookie – [the ISX said in an article recently they would be fully ready by end of year. does that in any way hamper the chances of Iraq moving to a market economy by mid year?]  THE END OF YEAR STATEMENT FROM ISX HAS TO DO WITH NEW ELECTRONIC TRADING PLATFORM…THEY ALREADY HAVE IN PLACE THESE REGIONAL FINANCIAL HUBS…WHICH WILL PROCESS THE DATA FROM THE 2 EXCHANGES AND TRANSMIT TO THESE REGIONAL CENTERS WHO WILL TRANSMIT TO THE BANKS AND BROKERAGE HOUSES FOR TRADING BUSINESS WITH THE PUBLIC…   [post 1 of 2….stay tuned]
______________________________________________________________

“Round Table” Dinar Call!!

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

  Smart phone user link – Click here

______________________________________________________________

Backdoc – ARTICLE 8 COMPLIANCE HAS BEEN ACHIEVED! THIS MEANS THEY HAVE A RATE NOW! IT WAS POSTED ON THE IMF WEB SITE FOR 3 HOURS!  IN ADDITION TO THESE MAJOR ACCOMPLISHMENTS WE SEE THE USA CALLING FOR ANOTHER CREDIT RATING REVIEW FOR IRAQ WHICH SHOULD BE MUCH HIGHER. BY THE WAY, THE IMF NEW YEAR BEGINS MAY 1ST, DO YOU THINK THAT MIGHT MAKE A DIFFERENCE?   [post 2 of 2]
______________________________________________________________

Backdoc – IN THE LAST FEW DAYS WE SAW THE GOI (GOVERNMENT OF IRAQ) FIRED BY PRIME MINISTER ABADI. WE ALSO SAW PARLIAMENT SUSPENDED. THE RESULT OF THIS WAS TO BREAK IMMUNITY OF THE CORRUPT INDIVIDUALS. AS A RESULT THEY COULD BE ARRESTED AND REMOVED. A NEW TECHNOCRATIC GOVT. HAND PICKED BY THE USA WILL REPLACE THE GOI. THE BAD APPLES FROM THE PARLIAMENT WERE REMOVED SO THINGS WILL MOVE FORWARD NOW! OF COURSE I COULD BE WRONG BUT I EXPECT SERIOUS ACTION PRIOR TO MONTH END!   [post 1 of 2….stay tuned]
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 04-26-16

Currency Auctions Announcement No. 3187

This daily currency auction was held in the Central Bank of Iraq on the 04-26-2016

The results were as follows:

More: http://dinarupdates.com/blog/
______________________________________________________________

Millionday – Article:  “Office of House Speaker Salim al-Jubouri, said the Presidium of the parliament called on the Prime Minister Haider al-Abadi, to attend the hearing next Tuesday to view the ministerial cabin.”  TUESDAY ABADI HAS BEEN CALLED TO BRING LIST OF CABINET…THE MEETING WILL HOST ABADI AND WILL BE ABOUT REFORMS AND ALSO THE LIST OF MINISTERS — REPORTS ARE STATING THAT THE KURDS WILL HAVE EQUAL REPRESENTATION WITHIN THE CABINET AND BE FAIRLY INCLUDED AS WELL.  [Do you think they will go ahead and vote on it, or start throwing shoes again?]  IMO THIS WILL BE MUCH MORE PRODUCTIVE BUT WE WILL SEE ON TUESDAY.
______________________________________________________________

rcookie – [just trying to understand why the stopping of auctions is so important, if it is?]  CBI Control…One short sentence answers…:   the Central Bank of Iraq regulates the flow of money through controlled auctions…Needless to say, this is not normal. In most other countries, money can be easily exchanged into a number of currencies at the will and whim of any citizen. The exchange rates are allowed to move freely according to the forces of supply and demand, interest rates, etc.
______________________________________________________________

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
______________________________________________________________

tman23 – Quotes:   “He said the information Office of the House speaker, Salim Al-jubouri, the Presidium of the Parliament called for Prime Minister Haidar Al-Abbadi, to attend a hearing next Tuesday to view the cab.”  “…the meeting will be at 1 p.m. Tuesday, and will be inclusive of all parties”  …And there is the confirmation to what was said Friday…Abadi new list will be in front of Parliament…Jabouri will host, Abadi has an invitation to attend…The vote of Abadi reforms will have Maliki and Jaafari lead one last attempt to upset the apple cart…both these guys are realizing their days are now numbered…The vote on the reforms is as as close as they can get to national reconciliation for time being.
______________________________________________________________

tman23 – “The Iraqi Prime Minister Haider al-Abadi will suggest a new line-up of the technocrat cabinet to the political factions on April 26.”   VOTE WAS SAID TO BE ON MONDAY BUT 26TH IS A TUESDAY…..AND KNOWING CBI WAS TO RELEASE FUNDS FOR LOANS OF THE 27TH…WHICH NOW I BET $1 AND A BAG OF PEANUTS IT GOES ON SUNDAY MAY 1ST…
______________________________________________________________

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
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com