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 – 05.22.2015

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Quality is not an act, it is a habit.

— Aristotle

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*** Current News ***

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Kaperoni (Dinar Guru) –    Article:  “Patriotic Union of Kurdistan announce his presence to the next session of parliament”    Can’t wait to see the agenda’s…Guess we see how serious they are.
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wmawhite (Dinar Guru) –    Quote:  “Direct: agency Fitch Ratings said Friday that Iraq has an agreement with the IMF will open the way to get more international support and the possibility of issuing bonds to global markets.”  issuing bonds to global markets.   Folks…this is Fitch talking about Iraq (CBI) entering the global bond market. And who is Fitch?  “Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data…With dual headquarters in London and New York, Fitch Group is majority owned by Hearst…”  On those bonds…having them backed by other countries makes them a sure thing…6% to 8% on multiple millions is sweet. IMO…the gears on this thing are a turning…all of this activity will be a change in the status of the IQD.
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rcookie (Dinar Guru) –   …JUST LIKE THE 2010 CUSTOMS TARIFFS EVERYONE QUESTIONED AND DOUBTED…THE $2 BILLION EUROBOND PROGRAM WAS NEVER AN OPTION…IT WAS AND IS 100% EXECUTING…IT IS IN THE EXISTING 2016 BUDGET…AND IS NOW EVEN MORE CERTAIN THAN EVER BECAUSE THE BONDS HAVE BEEN GUARANTEED BY THE US GOV’T…AND THE 2016 BUDGET IS 100% EXECUTABLE…WITH EXCEPTION!!
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Iraqi Dinar/Dollar auction (most recent listing) 05-22-16

Currency Auctions Announcement No. 3203

This daily currency auction was held in the Central Bank of Iraq on the 05-22-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) –  All of this activity shows me that Iraq is moving further and further along in the process of entering the economy markets …and the effect of all of this activity will be a change in the status of the IQD as to how the world markets deal with the CBI and it’s banks…IMO, there has been a change in the status of Iraq within the international financial community…and why do I state this? Because…articles are talking about it…
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Kaperoni (Dinar Guru) –   I guess time will tell.  In a few weeks or so we should see the IMF SBA published that will contain the details of the agreement.  That will provide another piece of the puzzle and much more clarity to the plan for the financial system over the next 12 months or so.
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Iraq received the first of the beginning of July the international loan installment

Financial Advisor to the Prime Minister announced the appearance of Mohammed Saleh, said Iraq will receive the first batch of early next July, the international loan, which is not less than six hundred million dollars.

Saleh said that the total amount of the loan of $ 5.4 billion, pointing out that he payout in the form of thirteen batch, thus indicating that the type of loan to be accessible and with few benefits of up to 1.6%.

Read More: http://dinarupdates.com/blog/
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mike (Dinar Guru) –   Article:  “Fitch: Iraq’s agreement with the IMF will enable it to issue an international bond”   …The only silver lining I can see is the IMF’s direct involvement in the Finance and Integrity departments, if Iraq can’t get their act together, the IMF will try and do it for them. But to effectively do that, they need the judicial branch to step up and prosecute those who are accused. Hopefully Mahmood is on his way out, it’s hard to imagine any real prosecution and conviction for these guys until he’s gone.  Time will tell, right?  Your move, Abadi.
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BGG (Dinar Guru) –   …if the Kurds and Baghdad are so on the “outs” – why did the CBI just agree to open a CBI (a branch of the Iraq CBI) in Kurdistan? 
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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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wmawhite (Dinar Guru) –  ...the IMF is not keeping secrets…they told the world and told the G-7 countries that they can conduct business with Iraq (CBI and it’s banks) “with confidence”!  If Iraq is going to do just what the IMF said the world can do…then, the question is…is it international? Here is a hint: The Group of 7 (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Would that be international business?
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rcookie (Dinar Guru) –   Article:  “Abadi adviser reveal the terms of the IMF to lend to Iraq”  Quote:  “…financial advisor to the Prime Minister revealed the appearance of Mohammed Saleh, on the conditions of the International Monetary Fund for lending to Iraq nearly $ 5.5 billion…”   THIS IS PART OF THE REASON THE IMF IS REQUIRING A REVISION AND REWRITE OF THE 2016 BUDGET LAW…THEY WILL INCORPORATE THE LOAN PAYMENTS AND BE MADE ACCOUNTABLE IN THE BUDGET… THE IMF MAINTAINS CONTROL OVER INTEGRITY & OFFICE OF FINANCIAL SUPERVISION AND AML ACTIVITIES OF FINANCIAL TRANSACTIONS…BIG BROTHER WATCHING…AND SAYING…”AH NO…YOU WONT BE DOING THAT WITH THIS MONEY”….
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On the Keywords: We have reached an agreement with the Kurdistan Region to open the central bank in Arbil

The governor of the Iraqi Central Bank, on the Keywords, in an exclusive interview with Roudao Media Network, the central government held talks with the Prime Minister of the Kurdistan Region, Nechirvan Barzani, was agreed to open a central bank in the Kurdistan Region has all the requirements and specifications, and to be part of the bank CBI, pointing out that the Kurdistan region has the right to obtain 17% of the foreign loans obtained by Iraq.

The following is a transcript of the interview:

Roudao: What is the role of the central bank in solving the current economic crisis?

On the Keywords: the central bank represents a fundamental pillar of economic policy in the country, along with fiscal policy, and since the country’s resources have dropped significantly, and in particular since 2015, played a central bank and still plays an important role in trying to overcome the current financial crisis, through his purchase of treasury transfers issued by the Ministry of Finance and purchased by banks, the central bank re deducted, which now stood at more than 12 trillion dinars, as well as the Central Bank allowed the use of 50% of the bank’s reserves has to buy money orders, with an estimated up to 4 trillion dinars…

Read More: http://dinarupdates.com/blog/
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tlm724 (Dinar Guru) –  Article:  “…Called on Prime Minister Haider al – Abadi, on Thursday, the World Bank to support the private sector in the country…”  Quote: “Iraq ‘s stability is important and we have a new strategy to increase cooperation with Iraq and support and soft loans of the private sector…”   remember one of the requirements set by the IMF was private sector development…so between now and the end of July, if not sooner we should see a huge shift in how the economy functions, we might even see it running like a well oiled machine AND when we do we should see the stability needed to push the currency reform forward IMO.  Basically they agreed to loan Iraq the money BUT not until August, giving Iraq June and July to set the economic policy straight.  so we have the IMF overseeing the economic state of affairs and the World Bank overseeing development, ya gotta love a plan when it comes together!  …and Iraq NEEDS this money, have no doubt, which is a huge kick in the azz to get them moving.
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wmawhite (Dinar Guru) –   …this talk about keeping us in the dark is seriously…stupid! First, they could not care any less about us and whether we know…second, we know because they have been telling the world that they are going to add value to the currency.  The IMF did state that Iraq “will” enter the economy market during the first half of 2016.  If “this” …is entering the economy market then …it is happening…it has been happening…plus, the change in the status of the IQD will occur as an effect of entering the markets…it is a process…not an on and off switch.  We have reason to believe Iraq is nearing the end of the process…
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