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…
Word for the day…
Mrs. BGG
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CURRENCY CODE SELL BUY
Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1348.544 | 1347.870 |
| British pound | GBP | 1704.917 | 1704.064 |
| Canadian dollar | CAD | 920.848 | 920.387 |
| Swiss franc | CHF | 1213.303 | 1212.697 |
| Swedish krona | SEK | 145.162 | 145.090 |
| Norwegian krone | NOK | 144.268 | 144.196 |
| Danish krone | DKK | 181.233 | 181.142 |
| Japanese yen | JPY | 10.861 | 10.856 |
| Special Drawing Rights |
SDR | 1670.603 | 1669.768 |
http://www.cbi.iq/
Indicative rates – 05.14.2015
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If ever there was a holy war, it was that which saved our liberties and gave us independence. – Thomas Jefferson
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*** Current News ***
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wmawhite (Dinar Guru) – Prior to the invasion, Kuwait was already conducting international commerce. Iraq is still in the process of entering the economy/global markets. Again, Kuwait was already a part of those markets prior to the invasion.
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Islandg1211 (Dinar Guru) – The IMF feels that Iraq needs to make adjustments in their Budget Law. Amending the Budget Law Sunday, ASAP, in order to comply to all the IMF’s requirements before next week’s review is imperative. Yet, the GOI has not even met, yet gotten their act together to vote on anything in a long time. Unfortunately, the CBI and Monetary Reform is dependent on the GOI for this very important step. …we should learn more about this next week in the IMF review.
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tman23 (Dinar Guru) – I believe we are going to see a devaluation of the IQD very soon…June at the latest… The statement will be taken wrong by many but the devaluation will be the catalyst to the lifting of 3 zeros… In other words… IF YOU SEE DEVALUATION DON’T FREAK OUT FOR THE FIRST 48 HOURS…
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A government delegation arrives in Amman and meet with International Monetary Fund
Iraqi government delegation headed by Finance Minister Hoshyar Zebari arrived here Saturday for the capital of Amman , Jordan , to resume negotiations with the International Monetary Fund to secure the country , which is suffering from an economic crisis caused by falling oil prices in global markets financial support…
Read More: http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) – All the political issues will be resolved in the coming years…we are talking about 2 different set of reforms. [So you feel like the political side has no effect on the RV?] IMO…NOPE! The major steps that was asked of them have been completed. IMO, Iraq is ready to go at a moments notice…By that I mean the monetary side of the reforms. Remember, Kuwait was in a much worse position than Iraq is in now when they re-opened their banks. Their government was in complete disarray…Royal family said they were leaving Kuwait…Oil fields still on fire…No electricity…or water…or food…then BINGO… Monetary reform…So no…I’m not looking at the politics.
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rcookie (Dinar Guru) – SO THEY NEED BUDGET LAW REVISED…THE BUDGET LAW AMENDMENT IS REQUIRED IN ORDER FOR FUNDS DISBURSEMENTS TO EXECUTE IN JUNE AS SCHEDULED…URGENT SECURITY MEETINGS…CABINET RESHUFFLE CONCLUSION…AND BASKET OF LAWS…FED COURT..AMNESTY.. ACCOUNTABILITY & JUSTICE… CONSCRIPTION…ALL WAITING FOR THEM…WITH SEVERE PREJUDICE!
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Mountainman (Dinar Guru) – It’s Heading towards the End of MAY = IRAQ/IRAN/OIL and A NEW GLOBAL REALITY for {ALL}….IMO.
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Millionday (Dinar Guru) – Article quote: “Parliament Speaker Salim al-Jubouri, received in his office on Monday, the head of the European Union mission to Iraq…” THE EU IS THERE AS WELL…OBVIOUS TO SEE THAT THE EU IS THERE TO EXPEDITE THE RETURN OF IRAQ…THE PLATE IS FULL AND ITS TIME TO MOVE FORWARD IN A HURRY…
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Parliamentary economy: IMF loans conditional on Administrative and fiscal reforms
Special – The parliamentary economy Committee member confirmed Najib, a brilliant Thursday that IMF loans conditional on Administrative and fiscal reforms.
Najib said l/balance “news/IMF loans will be given to Iraq within three years, a sign that” loans conditional on Administrative and fiscal reforms. ”
She added, “the reconstruction of the regions affected by terrorism from the priorities of these loans.”
It is said that economy and Investment Committee member Magda Tamimi revealed, earlier, about Iraq’s debt exceeded over $ 73 billion dollars in debt that includes all the Arabic countries and foreign debts.
Read More: http://www.dinarupdates.com/showthread.php?34388-Parliamentary-economy-IMF-loans-conditional-on-Administrative-and-fiscal-reforms
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rcookie (Dinar Guru) – Article: “Criminal control of Basra to imprison former director at the Rafidain Bank in three years” RAFIDAIN BANK BASRA BRANCH DIRECTOR GIVEN 3 YEAR SENTENCE…ADD THIS TO ALL OF THE OTHERS.
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rcookie (Dinar Guru) – IRAQI PORT VOLUME SETTING RECORDS…HIGHEST VOLUME IN 5 YEARS…FROM 74 BILLION DINARS IN 2011 TO 174 BILLION THIS YEAR…AND ITS MAY!!
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firefly (Dinar Guru) – Article: “Parliamentary Finance: The central bank will succeed filling the state budget deficit by asking national bonds” will succeed. What is the main goal of the CBI right now? Collect as many 3 zero notes as possible. According to reports, the CBI has alredy collected over 75%. And the citizens can use these bonds as credit? AS CREDIT? and for Loans? WOW.
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Kurds , speaking on condition put forward the outstanding issues before returning to parliament
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rcookie (Dinar Guru) – …THE KURDS DIRE FINANCIAL SITUATION MAKES THE GOI LOOK LIKE A WALK IN THE PARK…THE KURDS NEED THIS MONEY AND THEIR PORTION OF THE ASSISTANCE AS MUCH IF NOT MORE THAN BAGHDAD...SO THEY SHOULD BE BEYOND MOTIVATED TO RE-ENGAGE IN POLITICAL PROCESS AND GET THEIR FINANCIAL AND ECONOMIC HOUSE IN ORDER AS WELL!
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rcookie (Dinar Guru) – Article: “Kurdish blocs decide next Monday its final decision about returning to Baghdad” SO IT LOOKS LIKE MONDAY IS DECISION DAY FOR KURDS RETURN TO PARLIAMENT.
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Millionday (Dinar Guru) – Article quote: “Parliamentary Legal Committee revealed on Wednesday for a proposal for swearing the new ministers before the Federal Supreme Court.” IN THE LAST PARLIAMENT MEETING THE CABINET WAS VOTED IN AND NOW THEY ARE TO TAKE THEIR OATH IN FRONT OF THE FEDERAL COURT INTO THEIR POSITIONS. [Do you mean the remaining cabinet members?] YES…NOT SUPPOSED TO HAVE BEEN VOTED THROUGH BUT IT APPEARS THAT IT HAS — THIS IS GREAT.
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The House of Representatives calling for political blocs and committees to hold a meeting Sunday to resolve the economic and security files
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wmawhite (Dinar Guru) – Folks…remember…there is a difference between what we know and what we think we know…we just assume that when we hear there must be security we automatically think it means physical security. Maybe that is correct, and maybe it is not correct. And why do I stated this? Because, we heard from certain folks about the need for security long before there was ISIS/ISIL. IMO, security could very well refer to financial security. The change in value of the IQD will be an electronic event outside of Iraq. Inside of Iraq an 1 IQD will still be equal to 1 IQD.
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rcookie (Dinar Guru) – Article: “Presidency of the Council of Representatives calling for a special meeting on Sunday” NEWS IS LOOKING POSITIVE…TOWARD GETTING PARLIAMENT BACK WORKING…JABOURI IS CALLING POLITICAL BLOC HEADS FOR SPECIAL MEETING ON SUNDAY…WITH SECURITY BEING DRIVING ISSUE…AND THEY ARE EXPECTING AT LEAST 1 OF THE NOW 6 APPEAL CASES BEING HEARD IN FRONT OF FEDERAL COURT ON SUNDAY AS WELL...BARZANI STATES “I FIND IT NECESSARY TO RETURN TO HOR IRAQI PARLIAMENT“…BE PART OF IRAQ…NOT BE CUT OFF FROM POLITICAL PROCESS…ENCOURAGING! …REMEMBER THE IMF MEETING NEXT WEEK IS A BACKDROP…JUST HANGING OVER EVERYONES HEAD…WHICH IS WHY THIS IS HAPPENING… ZEBARI AND JONES (WHO IS STILL ACTING IN CAPACITY AS AMBASSADOR) …MEETING IN PREPARATION FOR IMF NEGOTIATIONS NEXT WEEK IN JORDAN.
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BGG (Dinar Guru) – Article: “Hilali: Federal Court will decide the legitimacy of Sunday’s vote on the ministerial meeting of cabin” LET ME BE CLEAR…the Iraq Parliament HAS NOT VOTED on the full, NEW, TECHNOCRAT CABINET…there have been ONLY 6 approved and voted on… in fact, even these six are being contested by the “sitters” in Parliament and this case is reportedly being heard on Sunday. (according to NEWS REPORTS) … The full Technocrat cabinet that Abadi wants – HAS NOT BEEN VOTED ON. Will it – soon… probably. NOT YET. Will all these things happen… IMHO – probably… and it’s coming. It’s NOT DONE!!
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Millionday (Dinar Guru) – …THE CABINET IS VOTED IN AND WAITING TO BE SWORN. IT NOW GOES TO THE FEDERAL COURT. THE CABINET BEFORE THE FEDERAL COURT IS HUGE HUGE. SO MANY YEARS AND HERE WE ARE SEEING THE REFORMS…WE ARE AT A GREAT PLACE.
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tlm724 (Dinar Guru) – Article: “The board chairman of the parliament calling for a special meeting to discuss the security situation next Sunday” Quote: “the IMF has told Iraq the need to edit the budget law to be reduced in order to hopefully disbursement of the loan during the coming period, and because the government treasury is unable to pay the salaries and benefits of the people without access to this loan it has become necessary to take legislative action legal and necessary for this matter.” they have to fix their differences and correct their path IF they want the money, period!
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Mountainman (Dinar Guru) – Article: “Vietnam: First digital bank service opens” Vietnam and {ALL} Other Countries are DESTINED for this GLOBAL BANKING Change...It’s A GOOD Sign for What We Wait to See as Well…IMO.
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from 5/12 – @ 7:30pm CST
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Backdoc (Dinar Guru) – Article: “Vietnam: First digital bank service opens” WHEN I SAW THAT THE FIRST DIGITAL BANKING SERVICE STARTED IN VIETNAM I WANTED TO SAY WE HAVE A RATE THERE BUT ON FURTHER CONTEMPLATION I BELIEVE THE RATE IS STILL THE SAME UNTIL ALL COUNTRIES MAKE THE SWITCH! THAT FLAT GETS ME EXCITED BECAUSE WE HAVE TO BE VERY CLOSE TO WHEN RATES WILL CHANGE VALUE!
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Poppy3 (Dinar Guru) – BOMBINGS PRODUCT OF MALIKI GOONS AT THEIR BEST… MALIKI DOING EVERYTHING TO DISRUPT PROGRESS. REMEMBER HE TURNED 1500 PRISONERS LOOSE AND THEY WHERE NEVER CAUGHT…THEY ARE DOING HIS DIRTY WORK NOW — IT WILL NOT STOP PROGRESS…ABADI AND OTHERS DETERMINED MORE THAN EVER TO COMPLETE FINANCIAL REFORM.
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BGG (Dinar Guru) – For all those pointing to the bombings of today as some kind of “major” reasoning for no RV…This is classic ISIS strategy – every time Baghdad gets close to some kind of resolution… they do their best to throw a wrench in the works. It is in their best interests to keep Sunni moderates and Shia progressives at odds with one another…They almost HAVE TO HAVE this chaos to survive… ironically (and this is why many are saying Maliki needs to go to jail) Maliki needs the same thing… What the bombings tell me – ISIS is worried about some coming “alignment” of the GOI – Sunnis and Shias… ALSO – Maliki’s “sitters” (protestors in Parliament) are contesting every single move by MP’s trying to get things done for the Iraqi people…this all becoming more and more obvious to the average Iraqi. Bad news for crooks and terrorists.
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Infallible and Ameri discuss political crisis
BAGHDAD / News Network: Iraq Search President Fuad Masum , with the Secretary General of the Badr Organization , Hadi al – Amiri developments in the security and political situation in the country and ways to address the current political crisis in order to ensure a focus on reforms files and eliminate Alvesad.ozkr a presidential statement today: the infallible met in Baghdad late today Ameri, “and discussed with him the developments in the security and political situation in the country and ways to address the current political crisis in order to ensure a focus on reforms files and the elimination of corruption as well as defeat completely terrorism” , adding that ” the two sides as new during the meeting reaffirmed the importance of the return of the House of Representatives soon to resume meetings for the exercise of its legislative and oversight constitutional prelude to complete the reforms process and address the economic, financial and security problems suffered by Iraqis and to strive for the development of all state institutions ” , stressing infallible and Ameri according to the statement” the need to avoid differences and emergency problems on the level of security and to address the terrorist bombings and the hunt for terrorists and their cells all over the country. ”
BGG ~ Why are there two sides in the fight against terrorism and corruption… (Ameri was one of the “named corrupt”)?? He does not look happy here. He gets to jerking Massoum around – he won’t like what the PoR comes up with next…
Read More: http://www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) – Imagine if this would have happened three, four, five years ago when it was supposed to…alot of people would have missed out on the opportunity…now that time has gone by from when they were supposed to do it…I think that the popularity of this subject has really grown.
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Breitling (Dinar Guru) – Lots of great info out there…principle based investing…Iraq is not going to take a 180. Iran compared to Iraq. They are competing in the same oil. Iran does not have as much oil as Iraq…that’s one of the scenarios you have to understand and look at. The other is in order for Iran to pull out a barrel it’s $15…for Iraq it’s $6…there you go it’s half the price for Iraq to be able to do it. So not only does Iran have not as much oil it cost more to take it out of the ground. So they are not about to compete with Iran on that level and if they [Iran] do sell it on the Euro in the end it’s not going to mean anything…70% of the economy of the globe is running itself on the US dollar. 32% of the world’s economy is the United States. One country 32% of the world’s economy. 70% of the currency used in trade around the globe because it’s internationally used [is the US dollar].
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rcookie (Dinar Guru) – ABADIS CABINET HAD QUORUM [TUESDAY]…AND ACTUALLY GOT A FEW THINGS DONE… AND DID SO…UNDER ARTICLE VII OF RULES OF PROCEDURE…
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Iraqi Dinar/Dollar auction (most recent listing) 05-12-16
Currency Auctions Announcement No. 3197
This daily currency auction was held in the Central Bank of Iraq on the 05-12-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 19 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 144,348,479 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 144,348,479 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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EU binds its aid to Iraq to achieve national reconciliation
Baghdad: The European Union’s ambassador in Iraq called on Iraqi political leaders to listen to the people, messages, warning of the economic problems caused by internal political crises. He said that «to provide aid to Iraq requires the existence of national reconciliation.»…
Read More: http://www.dinarupdates.com/blog/
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Mountainman (Dinar Guru) – The WTO Awaits the CELEBRATION of the Ceremony in June…So EVERYTHING else we see Culminating Now is The SIGNS We Need to See…PROGRESS for the FINAL VOWS…So to Speak…IMO.
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Bluwolf (Dinar Guru) – There is only a one rv basket with only 20 countries to revaluate, the rest will either devaluate or make minor adjustments to there current currency values. all will move sistimaticly and are synchronize to go into existence simultaneously…THERE WILL NOT BE ANY DOUBLE DIPPING WHAT SO EVER. ONCE the revaluation is official those rates will be maintained for a time lapse of no less then 30 days. …”this shall come to pass as a thief in the SILENCE of the night.” And not before!
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Adam Montana (Dinar Guru) – [Can you answer with any degree of surety, is this an “IF,” or a “WHEN”?] IMO this is definitely a “WHEN” and “HOW MUCH” question, not an “IF”.
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Bondlady (Dinar Guru) – …within the last 2 weeks, we started seeing delete the zero articles again as there hadn’t really been any for several months, that’s one, …two is …they give us a approx. date there going to begin it supposedly this time its for real…the beginning of the 1st half of 2017…third…they then release a article within a few days later saying Iraq just received swiss printing machines for making Iraqi currency…literally saying this lol …if iraqs gonna print there own currency it would literally save them billions of dollars …but the thievery would be great unless iraqs not the one who has access to doing this but only the people in real charge like the imf an world bank…if this is the case then there’s a very good chance something is about to happen within now to the middle of next yr that’s gonna define our investment even more.
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Adam Montana (Dinar Guru) – [With Abadi talking of the money smuggled out of his country, what are your thoughts on the money we bought?] I have no concerns about our Dinar, especially those of us that bought from dealers. Those dealers are licensed, the bills they brought into the US were all declared, cleared customs, etc. No concerns there IMO.
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Delta (Dinar Guru) – …a month ago a columnist in Iraq said that all the citizens they know something has to happen…that they are expecting a revaluation…this columnist was saying he was expecting something within two months…this article was a month to a month and half ago so people are expecting change.
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Mountainman (Dinar Guru) – We See The Inference that some things have been Done Technically Behind the Scenes…But the PUBLIC Exposure is What is Needed at this Point w/ the US BANKS…Until Then….We Will See NO FINAL RESULTS w/IRAQ…Keep in Mind…Yes The IMF said they will Finish w/IRAQ this Month…So I EXPECT Something MAJOR to REVEAL Itself w/the U S A BANKING Road Blocks…And IRAN…This is THE KEYS to An INTERNATIONAL WEDDING of GREAT VALUE…So to Speak…For that was The DEAL Made w/IRAN/IRAQ…IMO. [post 2 of 2]
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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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Mountainman (Dinar Guru) – …You {CANNOT} have A WEDDING w/Out The GROOM = IRAN…therefore IRAQ being the BRIDE, Requires the GROOM to Show UP Ready for the CEREMONY…Thus the REASON for Everyone Running to IRAN on A Personal Interest Level and The NEED for {EVERYONE} to See (ALL) US BANKING Barriers Removed…This Will CLEAR the FINAL Road Blocks that will FREE UP the Other GLOBAL Countries TRADE TRANSACTIONS thru [SWIFT] w/IRAN… [post 1 of 2….stay tuned]
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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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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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