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 – 05.10.2015

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He who dares not to offend cannot be honest. – Thomas Paine

(please see BGG News Time from last nite 😀 )

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*** Current News ***

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Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Tuesday evening 7:30pm CST!!

www.DinarUpdates.com – save as favorite!!
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Frank26 (Dinar Guru) – IMO…my opinion has been altered…I do not think that anyone is going to wait for Iraq….and Iraq knows this and now they will work to finish their MCP [Multi-Currency Policy] and only have one currency…with its own rate not a program rate that is artificial from the IMF.  Abadi even said a while ago we are going to stop our MCP…but I want you to know…not in my opinion…I want you to know…this is #1 on his agenda…it is way up there on the top of his agenda to remove all of the currencies that are in Iraq…he needs his own currency to pay his own salaries, his own armies, his own bills…and by the way…these steps Boom…BOOM…all of these steps can be done all at once it is like flipping a switch.
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Kaperoni (Dinar Guru) –  We have always stated that currency reform must occur prior to the transition to a market economy.  Which is very important to understand since we know Iraq is trying very hard to transition away from oil and create a more diverse economy.   As part of the Balassa-Samuelson effect the growth of the economy and the appreciation of the currency are directly related.  This statement from the IMF report above further confirms this… “…The non-oil private sector remains relatively small and, consequently, has been only a limited source of growth and employment. Because oil is an exhaustible resource, new sectors need to be developed so they can take over as the oil and gas industry dwindles. Over-reliance on oil also exacerbates macroeconomic volatility…”
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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:…

Read More: http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) –  IMO, Abadi has completed everything that was asked of him from the WB, IMF, UN and USA for quite some time.
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hub (Dinar Guru) – just thinking…the value of a currency unless under some sanction as the UN put on Iraq, follows the value of the resources of the sovereign nation. Im not sure how the banks having to be restored interacts with the value of a currency…availability yes, but not sure about value. The trade markets and all the taxation, tariffs, taxes, etc, determine the monetary value of the currency…if the currency is internationally accepted, the changes in international values happen in the market place, not because some one if afraid something bad might happen. The US $ changes value several times a day as do all world currency trading markets. currency traders move billions of currency every day. so i personally imo think that after the UN sanctions were satisfied, the currency should by economic principal have reached the international trading value.
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Iraqi Dinar/Dollar auction (most recent listing) 05-10-16

Currency Auctions Announcement No. 3195

This daily currency auction was held in the Central Bank of Iraq on the 05-10-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) – Article:  “The establishment of an independent body contributes to the transition to a market economy”   THAT ARTICLE SUMS UP THE PRIVATE SECTOR NARRATIVE WE HAVE SEEN UNFOLDING EVERY DAY…THE ONE TRUTH HERE IS THAT ALL OF THIS COORDINATION OF PRIVATE SECTOR OPEN MARKET SYNERGIES IS NOT GOING TO HAPPEN AT A CURRENCY VALUE OF A TENTH OF A PENNY…AND REMEMBER THE WB HAS BEEN WORKING WITH THEM AND AUDITING THE 2 SOB’S AND 192 SOE’S FOR FEASIBILITY…IS THERE ANYONE THAT DOES NOT SEE THIS AS PRECURSOR TO IMF ANNOUNCEMENT OF ENTERING GLOBAL OPEN MARKET ECONOMY IN FIRST HALF OF 2016…
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wmawhite (Dinar Guru) – Two separate trains on two separate tracks heading in the same direction…monetary reform headed to enter the economy/global markets and the governmental reformers ready to support Iraq going forward….Gold reserves still at 90 tons...getting a handle on the corrupt auctions…the monetary reform train is still speeding down the track towards the economy/global markets….”life is good”…
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Deputy for the Liberal calls for Maliki to be outside the political process and “behind bars”

MP for the Liberal bloc Majid al-Gharawi, on Friday, that the cause of the dropping of four Iraqi provinces, however, the organization “Daash” terrorist, referring to Nouri al-Maliki should be outside the political process and “behind bars.”

Gharrawi said in an interview that “the cause of dropping the four provinces, however Daash terrorist and brought the country to what it is now because of the wrong Ssayasth, you must be outside the political process.”

He Ghraoui, “you should have this person (al-Maliki) behind prison bars, in order to pay for what he has done and the work is supported by the burdens of politicians.”…

Read More: http://www.dinarupdates.com/blog/
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Islandg1211 (Dinar Guru) – There appears to be a calm after – and maybe – before the next storm in Iraq.  Sadr is suddenly being quieted. Abadi has at least five Ministers. The Kurds again used their threat to not show up, thereby denying a quorum, as a bargaining chip, to get paid. But, they seem set to go back to work.  Letting the RV go through independently, arresting Maliki, keeping Sadr quiet, and changing Ambassadors, may finally bring progress.   ...the RV is the first step towards rebuilding and diversifying the economy and moving towards a growing private sector.  Thus, the Monetary Reform which cumulates in an internationally recognized currency with value, prompts both progressive changes politically within the GOI, and the economy.
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Chattels (Dinar Guru) – Article quotes: “Parliament sessions should not take place in the absence of Kurdish MPs, because Kurds are an important part of the Iraqi political process,”  “deputy from the Kurdistan Alliance said on Saturday, that the Kurds minister will not attend the Cabinet meeting scheduled tomorrow in Baghdad.”  Kurdish MPs say they welcome Jabouri in Sulaimani and may hold talks with him but they are far from moving back to Baghdad any time soon. Sunni MPs are not ready to return to the parliament either “until they are reassured of their safety.”  [Did I hear right somewhere that parliament was taking 2 months off?]   Not that I have read. Actually Jubourri calling to reconvene asap.  Waiting to hear whether the Kurds will end their boycott of Parliament and whether the Sunni will return to Parliament.
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Millionday (Dinar Guru) – Article quote:   “…Najib in an interview for “Economy News”, the political crisis that Iraq is going through at the moment will not affect the IMF loan, because this issue has nothing to do with the crisis...”  HE IS STATING THAT THE POLITICAL ISSUES WILL NOT IMPACT THE LOAN FROM THE IMF — THEY ARE SEPARATE…
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wmawhite (Dinar Guru) – …what did Dr. Shabibi/Saleh/Abadi say in the interview about the value of the IQD…  the answer…  Dr. Shabibi, Saleh and Abadi stated that the IQD will be held as a reserve currency by many countries and its value will be comparable to it’s neighbors….(paraphrasing)   …this…is a fact…I have seen the transcript of the interview.
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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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Islandg1211 (Dinar Guru) – The major indicator, IMO, that the plan for the Monetary Reform, is being completed, is the co-signing of Iraq’s debt by the U.S. Secretary of the Treasury.   Bonds, loans, an improved credit rating, and the final review of the IMF’s first half of 2016 LOI plan, have all been reported to be in process and appear to be on schedule.  Additionally, a recent article affirmed that the loans – and IMO, the Monetary Reform – is going forward regardless of the political drama. IMO…the BIS approved of Iraq’s Monetary Reform on April 28.  So, now we get an article stating that the loans – and I believe the RV/Article VIII compliance – are (now/change in U.S. policy being implied) independent of the GOI.  So, instead of using the withholding of the RV as a threat to get the GOI reformed, IMO, the U.S. will now go ahead with the RV. This, in turn, will ignite the HCL causing the needed reforms within the GOI.   [post 2 of 2]
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Islandg1211 (Dinar Guru) –  IMO, Ramadan has Nothing to do with the Monetary Reform nor the global changes happening around the world. The two are just not related, but could be just coincidental. IMO, the Monetary Reform was planned, outlined, supervised and assisted by the IMF starting last Fall, cumulating in the December 2015 LOI. This corresponded directly, IMO, with the commitment by the United States to remove ISIS and send more troops into Iraq. The overall plan seems to have also involved backing PM Abadi. I stand by my opinion, that last March, during Abadi’s meetings with the IMF, he did not get outside support, but just the autonomy to RV. In my opinion, Iraq was told to “get their act together.” At the time… IMO, the RV was never in play prior to April 28th, 2016 because the needed steps in the LOI (Letter of Intent) had to be completed and they will have to be reviewed. [post 1 of 2….stay tuned]
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Abadi seeks to liquidate al-Maliki and Allawi and Nujaifi relying on our movement protest

BAGHDAD / Hassan Shammari: The leader of the Sadrist Prince Kanani, on Monday, Prime Minister Haider al-Abadi seeks to liquidate his opponents (Nuri al-Maliki and Ayad Allawi and Osama Najafi, by relying on the demonstrators, stressing that the protest movement is in the interest of the end for al-Abadi.

Said Kanani in alone for “Middle East”, and seen by “Sky Press,” that “Abadi Pat derives its strength from the demonstrators, and he was able to cross the protests of the overthrow of the leaders of the senior fold: Nouri al-Maliki, and Iyad Allawi, and Osama Najafi, Saleh al-Mutlaq through package The first reforms last year. ”

Kanani said that “al-Abadi is not weak as many fancy, but it will work on the liquidation of the remaining adult opponents, to take advantage of this protest movement flowing into the end of his interests.”…

Read More: http://www.dinarupdates.com/blog/
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rcookie (Dinar Guru) – Articles:  “Jubouri opens fire in Sulaimaniyah on events parliament will not pass easily” & “Minister: Minister Kurds return to Baghdad will be decided in the coming hours (Details)”    Quote:  “Jubouri and arrived in the city of Sulaymaniyah, to meet with the leaders of Kurdish political blocs in the Iraqi parliament to urge them to return to Baghdad.”   JABOURI IN KURDISTAN…MEETS WITH BLOC LEADERS TO URGE RETURN TO PARLIAMENT…GIVES ASSURANCES OF ACCOUNTABILITY AND SECURITY… CITIZENS [ARE] READY TO ROCK & ROLL TUESDAY ONCE OFFICIALLY CALLED BY JABOURI…AND WITH THE KURDS STATING THEY WILL ANNOUNCE DECISION ON WHETHER ATTENDING OR NOT WITHIN HOURS…WE MIGHT KNOW SOMETHING SOON…..
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