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

Indicative rates – 05.11.2015

http://www.cbi.iq/

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Liberty, when it begins to take root, is a plant of rapid growth. – George Washington

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*** Current News ***

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Delta (Dinar Guru) –   …the report…on the CBI website about the 4th and 5th…they talk about the RTG…the RTG is about the clearance on a check as we do here in the US…the Iraqis are working on this…what the CBI report is referring to is that for you to get a check to clear you need to get the work done on the 4th or 5th, because you will not be able to do so between the 8th and the 11th…so IMO…looks like something could be happening after the 11th…the bank is saying…this is a holiday…but that holiday was on Tuesday…this past Tuesday…so for the CBI to be telling people about these dates…maybe the auctions will stop…or something else really huge…remember when the value changes…everything has to change, they have to drop the 000’s from everywhere.
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Adam Montana (Dinar Guru) –   …although there is no running to the bank yet…we see a couple of really positive things:  1.  Daash (bad guys) control drops from 40% to 14% .  2.  Abadi declares solid completion of Cabinet.   …remember where we were a week ago? Waiting for exactly that! So to hear that it’s moved very far forward is just a great thing, and I’m hopeful for more good news in the coming days/weeks.
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firefly (Dinar Guru) –  This is new on the IMF site but notice the dates “Economic Diversification in Oil-Exporting Arab Countries  Date: April 29, 2016”   Key words in the text are DIVERSIFICATION.  EXACTLY what the IMF has been instructing Iraq to do during previous Article IV meetings…And that is exactly what Iraq has been doing…especially in the Agriculture Field.  The musical chairs in the political arena IMO will continue up to the EVENT…Then like magic…..   Remember, Abadi himself told the people of Iraq that the 1st phase of the reforms was complete. That was 2 weeks ago I believe…
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Bruce (Dinar Guru) –  …we understand there were meetings going in various parts of the country today to finalize aspects of the rollout/blessing.   I understand that occurred…in 2-3 parts of the country…and has moved along nicely I think. We don’t know exactly what the outcome of those meetings is at this point but we think they were positive and had to do with the actual release and the timing of the release of the blessing…rates are quite, quite high…We know when we talk about the rates…are quite higher than we thought years ago…everything is working our way. Countries are very rich in natural resources and that’s one of the reasons rates are much higher than we thought…Now under the new system that value is reflected in the actual currency.

Complete B.S.

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rcookie (Dinar Guru) –    THEY ARE READY AND ABLE TO ACCEPT ARTICLE VIII OBLIGATIONS…AND ALL THEY ENTAIL…AT ANY TIME…
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Delta (Dinar Guru) –    We do believe they will have a large demand for certain denominations…do they really trust Iraq to do this printing… you have to keep in mind that Iraq is not in charge of the Monetary Policy…they basically had signed like a power of attorney over to the IMF…a contract with the IMF…the IMF from November 2015 all the way to the end of 2016 they are going to be in charge of every single Monetary Reform and policy in Iraq…So when Iraq needs to print more money it will be under the guidance of the IMF… we believe from several very reliable sources that the BIS has given Iraq approval on the 28th of April to move forward with the Monetary Reform…with the approval of the BIS, they report back to the IMF and the IMF follows up with that nation that says you got the green light to move forward...now IMO…and I could be wrong but I believe from the time of the IMF report they have 30 days to implement their plan…it should be very interesting the days of this week coming up...to see if they are going to do something this week or into next week…Remember the middle of 2016 is the end of June and they need the money…so all indications are showing that something has to happen…   [post 2 of 2]
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Central Bank Governor: Near give Iraq $ 15 billion over two years

Confirmed for the morning {} that the financial reserve reassuring international recognition

Baghdad , Tariq al – Araji – The central bank revealed near granted Iraq $ 15 billion paid over two years from the International Monetary Fund, the seven industrialized nations and the World Bank to help Iraq to overcome the financial crisis. And as he emphasized that the bank reserves of hard currency reassuring recognition of international organizations, he stressed not to raise the price of the dollar against the dinar because it would adversely affect the low-income people. The governor of the central bank on the Keywords in the interview with the «morning» dialogue: that Iraq is facing two major challenges in the economic and financial system and the two border crossings, customs, and the sale of foreign currency to the associated funds.

The following is the text of the interview

* What is your appreciation of the currency market selling daily?…

…* Wayne arrived the project to delete the zeros?

– The project to delete the zeros still exists in the Central Bank, but can not do this job unless stability is achieved in the country, organizational stability and administrative and financial , to ensure that breaches or problems in the implementation of the project.

Read More: http://www.dinarupdates.com/blog/
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Delta (Dinar Guru) – I’m going to talk about the CBI report about the arrival of the Swiss equipment to print Iraqi currency…they are stating that those pieces of equipment they will be for printing of Iraqi currency…we know the LD’s are there… then why would they be receiving these machines…we feel it arrived a long time ago…many of the articles are old when we see them…especially those that have to do with the Monetary Policy…currency denominations…information from the CBI…So we believe that equipment was already at the CBI…so what is going on here…Why the machines from Switzerland…Iraq has printed it’s money…but now they have to get the plates…and they need those specific machines that were associated with those plates if they have a need to print more…like when the revaluation or the RV takes place…we believe this equipment will be for the LD’s...these machines are brand new…they are huge and there are like 6 or 7 of them…this is huge information.   [post 1 of 2….stay tuned]
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Frank26 (Dinar Guru) –    Dr. Shabibi tried to talk with you this weekend… there was an article…that talked about the year 2017…the article said that basically we are done with Phase 1…IMO…that is the Reinstatement of the IQD…he talks about the next phase…and IMO…that is the Revaluation…the RV…we are walking out of an RI into an RV of the Monetary Reform of the IQD. And I apologize that I messed up…I made a post and said we are walking into the RI…We are walking out of the RI and walking into the RV…you see the RI is at 1166 a program rate being held and controlled by the IMF…but the RV is their sovereignty…it is their prerogative…it is their privilege, their right to do that…to raise the value of their currency…
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Iraqi Dinar/Dollar auction (most recent listing) 05-11-16

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) –   …ABADI AND JABOURI HAVE GIVEN ABSOLUTE ASSURANCES OF 2 MAIN THINGS…THE PROSECUTION OF “INFILTRATORS” OF PARLIAMENT AND PROPERTY DAMAGE OF PROTESTORS AND DEMONSTRATORS (SADRISTS)…AS WELL AS BOLSTERING OF SECURITY AND PROTECTION MEASURES OF MILITARY PERSONNEL DEPLOYMENT AT STATE INSTITUTIONS AND PRIVATE PROPERTY…AND CITED 2 BIG…BIG…BIG UPCOMING HIGH LEVEL MEETINGS…1 WITH IMF…AND THE OTHER G7 TO SUPPORT IRAQ ECONOMICALLY AND SUPPORT OF COMPREHENSIVE REFORMS…
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Hub (Dinar Guru) – did anyone see or hear the report…on the major radio networks about Morgan Chase completing the systems between them, London and Tokyo to ease world banking, I dont know this has anything to do with what we are watching, but a lot of our conversation has been with the banks being able to talk to each other...i though this was very interesting with all the pinging talk over the past and the systems world wide needed to be in touch with each other. …said instantaneous banking…world wide.
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Freedom of movement of capital to attract investment

BAGHDAD – Imad Emirate – Called economic Academy to ease restrictions on money entering heads to Iraq what would bring more attractive to foreign investment that the country needs to strengthen the infrastructure and development services.

Read More: http://www.dinarupdates.com/blog/
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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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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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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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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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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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http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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