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
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1337.788 | 1337.119 |
| British pound | GBP | 1710.945 | 1710.090 |
| Canadian dollar | CAD | 917.346 | 916.887 |
| Swiss franc | CHF | 1207.848 | 1207.244 |
| Swedish krona | SEK | 143.509 | 143.438 |
| Norwegian krone | NOK | —– | —– |
| Danish krone | DKK | 179.843 | 179.753 |
| Japanese yen | JPY | 10.842 | 10.837 |
| Special Drawing Rights |
SDR | 1666.655 | 1665.822 |
http://www.cbi.iq/
Indicative rates – 05.18.2015
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There are no compacts between lions and men, and wolves and sheep have no concord. – Homer
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*** Current News ***
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Poppy3 (Dinar Guru) – MALIKI’S GOONS BOMBED BAGDAD AREA TODAY [TUESDAY] …OF COURSE OUR NEWS WILL CLAIM IT WAS ISIS. THE 1500 CRIMINALS MALIKI RELEASED ARE STILL AT LARGE AND PAYING HIM BACK. HE HAS THEM AT HIS BECKON CALL. HEARD THE FINANCE MEETING TODAY APPEARED TO BE VERY PRODUCTIVE…SAID ALL WERE SMILING WHEN THEY LEFT THE MEETINGS. THEY WOULDN’T ANSWER ANY QUESTIONS BUT WHERE HAPPY. WILL MEET AGAIN TOMORROW [WEDNESDAY].
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Mountainman (Dinar Guru) – Article: “Urgent Central Bank of Iraq will get $ 15 billion in loans” Quote: “Keywords and said in we meet press…Iraq is expected to happen this year at $7 billion or more, and at the present time there are international approach to support Iraq…” …the ARTICLE Is WHAT We WANT IN INK…That says it {ALL}…IMO…SLAM DUNK DONE…Man this is AWESOME.
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Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Wednesday evening 7:30pm EST!!
www.DinarUpdates.com – save as favorite!!
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Frank26 (Dinar Guru) – The IMF told them…we are going to help you…and these are the things you got to do…and they either have them all done or they are working on them…and the last one is to raise the value of their currency…IMO they are working diligently…working to lift the value of their currency…the IMF worked with them…and they said…finish it all up in the first half of this year and you will enter the international world…IMO…they are coming to an end with the first half of 2016…mathematical proof has been given to the GOI…this mathematical proof is about to be reported…I believe at the end of this May. [post 2 of 2]
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Frank26 (Dinar Guru) – We will never give you a date…we study time frames and as far as the rate goes…they are thinking about a float or they will come out at 1 to 1… IMO…they are going from an RI into an RV…and I believe the LD’s are next. IMO…Dr. Shabibi is going to give the world a speech…[Guru] DELTA and I have made it very clear in the last 2-3 weeks…we don’t think he is coming back… Abadi…was saying they are finishing up Phase 1 and entering Phase 2…and one of the things that Phase 1 did was to carry the program rate…but Phase 2 will not carry a program rate…it will require the lifting of the value of their currency…and entering Article 8...the World Bank is counting on Iraq…to succeed in Phase 2 of what they are doing with their currency…and the value of their currency. [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 05-18-16
Currency Auctions Announcement No. 3201
This daily currency auction was held in the Central Bank of Iraq on the 05-18-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 27 |
| Number of remittance companies | 18 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 110,969,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 110,969,000 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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mike (Dinar Guru) – Article: “Tamimi: IMF loan would be a door for corruption and bear the consequences of the people” Tamimi’s right, without curbing corruption, this is throwing good money after bad. I’m pretty confident the IMF know this as well. There will be a lot of strings attached to these loans.
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Millionday (Dinar Guru) – Article: “The central bank announced…the approval of a cell of the financial crisis, headed by the Prime Minister on the proposal of the central bank to issue government bonds for the payment of contractors and suppliers of state institutions, it can be deducted those bonds at banks or sold in the market…” KNOW THAT SOLD ON THE MARKET IS NOT MEANING THE STORE...IT MEANS THE MARKET — THIS IS THE STEP TO MOVE FORWARD WITH CONTRACTS. BONDS BEING SOLD AND ALSO AVAILABLE FOR THOSE THAT BUY THEM TO BE ABLE TO SELL THEM ON THE MARKET...THIS IS MAJOR.
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Parliamentary Finance rejects the dictates of the International Monetary Fund
He criticized the parliamentary finance committee member Ahmed Sarhan Sarhan, Sunday, the dictates of the International Monetary Fund and invite them to reduce the federal budget in exchange for the agreed loan already disbursed.
Said Sarhan “The budget is a federal law in force, voted by the House of Representatives after extensive discussion, and can not be amended only through a veto of the law of the Federal Court and sent back to parliament to amend it according to specific paragraphs, or through a proposal submitted signed by fifty deputy to modify it according to specific conditions.”…
Read More: http://www.dinarupdates.com/blog/
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wmawhite (Dinar Guru) – …the word “keywords”…I want you to understand that any person that is quoted in an article that has in their name…”Ismail” the translation will come out as “keywords” …because of the following: The literal translation of the name Ismail is heard by Allah or God has heard and it refers to the yearning of Ibrahim and his wife, Sarah, to have a child. Ismail’s mother, Hagar was also a wife of the prophet Abraham. Muhammad, a descendant of Ismail who was sent the Qur’an by Allah, became the final messenger, and so the name Ismail is often interpreted to mean the fulfillment of a divine promise resulting from prayer being heard, i.e…”important word to God, as in a “keyword.” Now you ought to understand why a person who’s name has Ismail in it is read as “keywords” in the English translation…translation from Arabic to English…
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rcookie (Dinar Guru) – ALAK DESCRIBES THE ATTEMPT IN 2015 FOR BONDS THAT WAS HALTED BECAUSE OF HIGH 11% INTEREST RATES…AND STATING IRAQ DOES NOT NEED TO GET INTO IT…DOES NOT NEED USD…NEEDS IQD BECAUSE EXPENDITURES IN STATE BUDGET IS COVERED BY DINAR…SO…THEY RESORTED TO RECENT LOCAL NATIONAL BONDS IN IQD...AND…LISTEN CAREFULLY…AFTER US & WB OFFER GUARANTEE FOR BONDS…DRAMATIC BENEFIT OF ISSUING BONDS TO INTERNATIONAL MARKETS! WHOOOOOOOPOW! SO HE IS TALKING ABOUT $2 BILLION BOND PROGRAM IN JUNE… WHICH IS ALSO IN THE EXISTING 2016 BUDGET. [post 3 of 3]
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rcookie (Dinar Guru) – THAT IS HIS 2ND PUBLIC INTERVIEW IN AS MANY WEEKS…AND HAS OFFERED INCREDIBLE INSIGHT TO THE CBI STRATEGIES…POLICIES AND ACTIONS…VERY TRANSPARENTLY… COMPLETELY CLARIFIED THE ROLE OF CBI…ITS PURPOSE & RESPONSIBILITY… WHAT ITS MEANT DO DO AND WHAT IT IS NOT…AND ACTUALLY ILLEGAL TO DO… [post 2 of 3….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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rcookie (Dinar Guru) – Article: “On the Keywords: We have reached an agreement with the Kurdistan Region to open the central bank in Arbil” …AN ABSOLUTELY INCREDIBLE INTERVIEW WITH KEYWORDS (ALAK) ANNOUNCING THE AGREEMENT TO OPEN CBI BRANCH IN ERBIL…AS WELL AS KURDS RIGHT TO 17% OF SBA LOANS… […so the Kurds are getting the 17% they have been requesting for yrs?] YES…AND ARE BUDGETED FOR THEIR SHARE IN EXISTING 2016 BUDGET…THE REGIONS ALL GET THEIR OIL & GAS…AND CUSTOMS BORDER REVENUE PERCENTAGES…BASRA JUST GOT 130 BILLION DINARS YESTERDAY FOR PORTS AND BORDER CUSTOMS FEES…WOW! [post 1 of 3….stay tuned]
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Mountainman (Dinar Guru) – Article: “Iran—Achieving its Potential in the Global Economy” WOW…this A Very Telling Article from The IMF…IMO…This Is More Detailed Concerning IRAN’S Final Steps of PROGRESS Intended to Bring them Up to WHERE they Need to Be W/IRAQ…there is No Doubt to the TIMING of NOW…WHY the IMF is FINE Tuning the Last Steps Needed to be Applied In Order for IRAN to be Ready to Walk Down the Aisle of Matrimony w/ their BRIDE/IRAQ…So to Speak…IMO.
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rcookie (Dinar Guru) – Article: “Jubouri Announces Extension of the current chapter Sharii of Parliament to one month” JABOURI ANNOUNCES EXTENSION OF PARLIAMENT SESSION FOR MONTH… SO… ENTIRE MONTH OF JUNE.
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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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tlm724 (Dinar Guru) – Article: “World Bank loans require financial control over Iraq and opposition Aaduha “detraction of national sovereignty.” IF Iraq wants the loans they must prove themselves worthy…Iraq is striving to accept article 8 and there are conditions to that…over the last several months the IMF has indeed set conditions as has the World Bank…I believe Iraq is at a crossroads, they have to make certain decisions regarding the state of their economy…it’s so critical and again they must prove themselves worthy of continued international support…the IMF and the World Bank aren’t going to loan Iraq more money if that money is going to slip out the back door...we know the IMF has taken lead in their economy and we know the UNDP has taken the lead on funds recovery and corruption…so if Iraq can come together politically…then we will have a more favorable (stable) atmosphere for continued economic growth and knowing these 3 letters agencies are there to hold Iraq’s hand gives me great hope.
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Kaperoni (Dinar Guru) – I remember Zebari talking back in Jan/Feb about how Iraq could not pay salaries by June or July. Now, everyone seems to accept that and the only solution is a loan. Well as long as the IMF and WB put the controls in place that Iraq cannot weasel out of, I’m for it.
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tlar (Dinar Guru) – I would have never believed that Abadi would allow himself to be so paralyzed by Maliki. Almost all of the present ministers were appointed by Maliki as proxies. I would have thought as a last resort that Abadi would have just released them and at least temporarily put his own proxies in place until they could sort this mess out. Abadi has…been both a blessing and a great disappointment to me and that weakness has lead to countless delays and an unfinished program to remove the corrupt and the resulting corruption. He has shown great strength and great weakness and if he does not get his Shiite together soon, he continues to be vulnerable personally and that leaves Iraq and our investment vulnerable.
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