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 | 1317.457 | 1316.798 |
| British pound | GBP | 1733.048 | 1732.182 |
| Canadian dollar | CAD | 902.979 | 902.528 |
| Swiss franc | CHF | 1192.013 | 1191.417 |
| Swedish krona | SEK | 142.105 | 142.034 |
| Norwegian krone | NOK | 141.745 | 141.674 |
| Danish krone | DKK | 177.150 | 177.062 |
| Japanese yen | JPY | 10.731 | 10.725 |
| Special Drawing Rights |
SDR | 1659.445 | 1658.616 |
Indicative rates – 05.26.2015
http://www.cbi.iq/
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Let me never fall into the vulgar mistake of dreaming that I am persecuted whenever I am contradicted. – R.W. Emerson
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*** Current News ***
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Bondlady (Dinar Guru) – …just want to point out that Minister of Finance site shows the exchange rate daily as well and it is changing too… I think when the CBI announces the float it will hopefully mean they will be trading internationally which at this time imo they are NOT. I think their gearing up for the switch and making sure the exchange rates sites are operating right like a trial basis seeing how it works in the M.E. then onto international. There’s way too many coincidences for me not to believe something is happening, the site shut its exchange rates down for 3 days prior to coming back up with what I believe to be Middle East float of the dinar. …I do believe we are on to something with the dinar…early stages but a definite change appearing… [post 2 of 2]
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Bondlady (Dinar Guru) – ((IMO)) somethings going on and for me I feel…it’s with the dinar… when you watch an read this stuff every day as I (we) do, you notice things out of the norm… you start seeing patterns in things…back in the day before the programmed rate began the dinar floated…I know what it looked like when it was floating, I followed it daily with the CBI…the CBI doesn’t show the dinar floating because I feel if they did it would be internationally accepted then… so this one site…basically has the dinar floating IMO…I think its floating in the Middle East, in arab currencies, no where else imo at this time…only…in the middle east, so supply and demand is now driving the rates imo… out of I think the last 8 -10 days the dinar…went up and down. [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) – [does…Section 32 have any current authority in light of IMF and BIS and World Trade bank moves in the past 24 months? …where it says not for commercial use, that does not apply when it comes to ”international exchange”?] At this moment…the CBI has not authorized the banks within Iraq to settle foreign remittances in the IQD. Until it does the IQD is for use inside Iraq. There is no international exchange until the CBI instructs its banks to do so…
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Prime Minister: the coming days will witness the liberation of Fallujah and then we will move on to Mosul
Prime Minister Wahid al-Abadi said that the coming days will witness the liberation of Fallujah and then will direct the liberation of Mosul…
Read More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – …the BIS, the IMF, the World Bank…all three (3) of them gave them permission to raise the value of their currency. Holy Cow, that’s big. we believe…that when they lift the value of their currency it’s going to be on the Arabic side for three (3) days, in Arabic, Arabic numerals…it’ll be hidden. And then, three (3) days later…legally…the CBI has to release that information to the international world. I told you that inside, it will stay 1:1 but outside…look out. In a few months? What were we looking at…three (3), four (4) dollars? Yeah…IMO. IMO? If they get this done? Ya know, let’s say, June…by the end of this year…IMO they will be at a number that they’ve never even been before. You know why? IMO, because the world is dying to trust the Iraqi currency. [post 3 of 3]
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Frank26 (Dinar Guru) – Now, granted…the capture of Fallujah and Mosul, it’s not the Monetary Reform, it’s not directly but indirectly…you can not have the Reform without these cities… we’re showing them how to do their Reforms. And the Monetary Reform leads all the Reforms. Yes, the Western World, the European investors…they’re gaining confidence to come in to Iraq. NO. MORE. WASTING. TIME! This is the IMF, this is the Twelve, this is the United States of America…and we are guiding you… Now when do you want your loan? June or July? Obviously they want it as quickly as possible. I believe, IMO, that we will see Article 8 and Mosul next and I believe, that these two are important. I believe that these two (2) are of equal importance. Not only for financial reforms, but for all of the reforms…to me, Mosul and Article 8 are coming. [post 2 of 3….stay tuned]
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Frank26 (Dinar Guru) – Give me Mosul! That was the battle cry that we had. But yesterday, they started to tell you more about Fallujah, and the reason why is because now they can tell you their activities, their advancements in these cities…it’s building confidence. Great confidence, not only obviously in Abadi who is making all these proper calls, but it is also building confidence within the country. The citizens are watching very carefully. They’re very proud. The international world is watching. The citizens and the international world are finding confidence in what Abadi, its Gov’t and its Central Bank…is doing. They are very astute that the IMF and the CBI are together. They’re very astute that the IMF, CBI and the GOI are getting together in meetings…this is all very, very good. [post 1 of 3….stay tuned]
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Moody’s: financial liquidity Iraq will improve after the IMF loan
Follow-up scales News – She said the agency credit ratings, “Moody’s”, said the agreement concluded by Iraq and the International Monetary Fund, last week, regarding loan demand worth 5.4 billion dollars, a positive credit rating and will improve the liquidity of the government strapped to it.
Moody’s said in a statement that I followed / balances News /, “The agreement will help Iraq to finance the budget deficit and the current account deficit.”…
Read More: http://dinarupdates.com/blog/
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rcookie(Dinar Guru) – THE IQD IS THE SOVEREIGN CURRENCY NOTE OF THE COUNTRY OF IRAQ…AND WHY WHEN NOT SUBJECT TO AN ARTIFICIALLY SUPPRESSED RATE COULD IT NOT BE TREATED AS ANY OTHER INTERNATIONAL CURRENCY…AND SINCE YOU ARE PURPORTING THE IQD NOT BEING ACCEPTED FOR EXCHANGE OUTSIDE IRAQ…YOU BETTER FILL THE WTO AND IRAQS WORKING GROUP OF THAT FACT AS THEY REVIEW AND ASSESS UNILATERAL TRADE EXCHANGE CASE STUDIES…CHALLENGES AND DISPUTE SETTLEMENTS… [post 2 of 2]
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rcookie (Dinar Guru) – […I want our dinar to be treated and regulated just like the U.S. dollar or regulated enough so the powers that be in IRAQ or even the IMF can’t say later that IRAQ’s dinar is a special case and we are locked out of exchange.] AND THE PRESUMPTIVE NARRATIVE IS THAT IRAQ ARBITRARILY INCURRED THE COST OF PRINTING TRILLIONS OF SUPERFLUOUS DINAR CURRENCY NOTES RECENTLY DEVELOPED WITH THE MOST STATE OF THE ART SECURITY & COUNTERFEITING PROTECTIONS... AND JUST FOR GIGGLES TO INCUR THAT COST SO WE COULD WALLPAPER OUR BATHROOMS WITH…HMMMMM…NOW WHO DOES THAT MAKE SENSE TO?… [post 1 of 2….stay tuned]
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rcookie (Dinar Guru) – PARLIAMENT: FEDERAL COURT RULES IN JABOURI FAVOR…FED COURT POSTPONES INVITING 2 SESSIONS OF HOR UNTIL SUNDAY 29TH…SALIM BLOC SHAWQI STATES ABADI WILL ATTEND SUNDAY SESSION & VOTE ON CABINET RESHUFFLE…PARLIAMENT RAPPORTEUR REPORTS CABINET RESHUFFLE VOTE WILL OCCUR ON SUNDAY IN COMPREHENSIVE SESSION…KURDS REMAIN FLEXIBLE TO BAGHDAD RETURN…
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wmawhite (Dinar Guru) – …IMO, these reforms are for the future and will strengthen Iraq as they progress…at the same time the Prime Minister, GOI, CBI as well as the IMF and WB are driving ahead with monetary reforms. These monetary reforms have brought Iraq into the globe’s economy markets. Now we wait to see the true value of the IQD introduced to the world.
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tlm724 (Dinar Guru) – …things feel different now, the IMF is there in the background and I think…that things are going on that we can’t see fully, all these different rates etc…they are changing almost daily, just has us scratching our heads…and there are tons of articles saying “stop the auctions”! we just gotta watch and pay attention to ALL and everything that is happening. my final thought is this, Ambassador Bremer stated clearly that Iraq could NOT be dollarized, that they HAD to have their own currency. That the dinar was intended to float! The IMF has control of their economic policy, that is a fact, so it makes complete sense that the plan is going forward BECAUSE the currency reform is a MUST DO! It goes hand in hand…
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Bruce (Dinar Guru) – Sovereignty was given back to Vietnam yesterday so that they can revalue with all of the other countries…So they can revalue their currency by being a sovereign nation again.
B.S. Alert – (the NEW OKIE)…
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Shredd (Dinar Guru) – …during the change from dual currency situation and bringing value to the dinar, the trade and pricing process will need to be closely regulated in my opinion since the price will fluctuate but the good news is the rate will be set consistently unlike today. [you think perhaps a managed float to begin with?] a continued managed float, perhaps, I see a lot of logic in it. [hypothetical question: could or would there be a possibility that Iraq could be floating the dinar ( in country or M.E. region) without officially showing that on the CBI? making adjustments? creeping it down in compliance or in conjunction with the IMF?] I really don’t think so…I look at it from the perspective of purchasing power and we should also pay attention to articles about the supply of the dollar as it could be telling as to how soon a change may be coming.
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Iraqi Dinar/Dollar auction (most recent listing) 05-26-16
Currency Auctions Announcement No. 3207
This daily currency auction was held in the Central Bank of Iraq on the 05-26-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 18 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 121,342,437 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 121,342,437 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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tlm724 (Dinar Guru) – Article: “Trouble dollar and rates of customs taxes invoking the prices of goods” …how can you tax people who have very little? yes the taxes are needed, it’s part of the plan but what should go hand in hand with that is a lil increase in purchasing power for the people. I say give them more bang for their buck, more ding to their dinar.
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RCookie:….98% OF THE GURUS HAD NOT A CLUE OF WHAT THE IMF LOI WAS UNTIL ABOUT 2 MONTHS AGO…AND STILL DO NOT UNDERSTAND WHAT IT SAYS OR CORRELATES TO HOW LONG IRAQ HAS BEEN INVOLVED AND (their) PROGRESS PERSPECTIVE…ANYONE PURPORTING KNOWLEDGE OF DATE OR RATE OR CONFIDENTIAL HIGH LEVEL INTEL…NEEDS TO BE AVOIDED AND IGNORED WITH PREJUDICE!!!!!….
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firefly (Dinar Guru) – Parliament could jump in a lake of all I care…has nothing to do with the IMF or the reform.
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Federal Court rules in favor of al-Jubouri
Roudao – Erbil – The Federal Court dismissed on Wednesday a lawsuit Representatives of the protesters on the legality of the Iraqi Parliament Speaker Salim al-Jubouri.
Read More: http://www.dinarupdates.com/showthread.php?34997-Federal-Court-rules-in-favor-of-al-Jubouri-5-25
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rcookie (Dinar Guru) – Article: “Liberal bloc: presence of the session next Sunday is linked to the presence of al-Abadi and provide new cabin” LOOKS LIKE THERE ARE MORE CALLS FOR ABADI TO BE AT SUNDAYS SESSION…AND ADDRESS CABINET RESHUFFLE.
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tlm724 (Dinar Guru) – …theres a [Parliament] session scheduled for Sunday the 29th…Ramadan begins June 7th thru July 6th…we’ll see what happens with that…so much up in the air as far as parliament is concerned.
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Frank26 (Dinar Guru) – What about Ramadan? Will that delay things? I don’t believe that Ramadan will interfere with anything…it’s not even a holiday…It’s a period of fasting. The IMF doesn’t practice Ramadan.
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“Round Table” Dinar Call!!
“for Dinar News – that MATTERS!!”
5/23 – @ 7:30pm CST
Smart phone user link – Click here
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Mountainman (Dinar Guru) – …this will be CONTROLLED CHAOS…and As We See IRAQ/IRAN and Other Countries Making these MAJOR MOVES…The FINAL STEPS of {ALL} GLOBAL Changes w/ SPEED Are COMING to a (GLOBAL THEATER) Near You…”HOLD on TIGHT”….The {RUSH} to A NEW REALITY is At THE DOOR…
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rcookie (Dinar Guru) – Article quote: “Identified the Presidency of the Council of Representatives and the heads of political blocs next Sunday as the date to hold a parliamentary session.” LOOKS LIKE WE HAVE A DATE FOR SUNDAY PARLIAMENT SESSION AFTER POLITICAL BLOC MEETINGS THIS MORNING IN ABSENCE OF KURDS…
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Bruce (Dinar Guru) – We dont do dates and rates…We are in a good place to take off and run with this blessing I think…I am highly expectant.
REALLY?!? This from the biggest “EXPECTATION ARTIST” ON THE INTERNET?!?
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Iraqi Dinar/Dollar auction (most recent listing) 05-25-16
Currency Auctions Announcement No. 3206
This daily currency auction was held in the Central Bank of Iraq on the 05-25-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 18 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 125,966,131 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 125,966,131 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – …IMO…they got Fallujah weeks ago. As soon as they get the 2 cities back…they’ll tell the citizens…The timing for them to tell you that the enemy is collapsing …that they are succeeding in their expectations…incredible! This has strengthened Abadi within the INTERNATIONAL world. Would anyone in their right mind invest a billion dollars in Iraq? Heck no! But, once laws, rules, regulations in place…yeah! Abadi has proven himself. IMO – we’ve cleaned up everything “militarily wise” — and now all Abadi has to do is take credit and simply take a bow to the INTERNATIONAL world!
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Blondie (Dinar Guru) – Things seem to be progressing quickly in Iraq. Notice that the U.S. is participating big-time in the retaking of Fallujah, which is obviously happening before Mosul. Mosul is huge, but considering that Fallujah is still held by ISIS (even with the Iraqi Army having surrounded it), Fallujah is only about 40 miles from the Capitol. It makes sense to clear out that nest before any offensive on Mosul. Fallujah will also yield intel on ISIS tactics that can be applied to the Mosul Offensive. And the U.S. is front and center. Interestingly, the U.S. just announced they will begin reselling military weapons to….. Viet Nam, another player in this whole thing. Interesting indeed.
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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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Poppy3 (Dinar Guru) – VN [VIETNAM]…THE DONG HAS GREAT ECONOMY TO BUILD ON AND FOR 3 YEARS NOW BEEN IN THE TOP TEN GROWTH ECONOMY IN THE WORLD…EXPECT A NEW RATE THERE SOON IN A RANGE OF .03 CENTS TO A NICKLE. THESE ARE LEGITIMATE NUMBERS AND PROJECTED BY ACTUAL ANNALIST.
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tman23 (Dinar Guru) – Article quote: “EU will help KRG in coordination with the International Monetary Fund (IMF), an organization which works to foster global monetary cooperation, as well as the World Bank, which indicates that EU supports lending loans to KRG.” Interesting that the EU came out supporting loans directly to the KRG in coordination with the IMF…Then a separate article of the US providing significant financial support for the KRG…although it is money delegated for Iraq…US will be sending it DIRECTLY to Kurdistan… And this follows the steps a few weeks back with the UN and WB providing support for the KRG DIRECTLY. Appears the big players are not willing to risk funds in Shia hands to be sent to Kurdistan. Kurdistan is ramping up and baking new pies while Baghdad is still arguing who gets what slice of a 13 year old pie.
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rcookie (Dinar Guru) – Article quote: “The European Union decided to support the Iraqi government and the Kurdistan Regional Government, to address the financial crisis, while the declared support for Iraq and Kurdistan in their war against al “Daash” terrorist.” SO EU MAKING SOLID COMMITMENT OF SUPPORT FOR KURDISTAN REGION TO OVERCOME FINANCIAL CRISIS…AND PROVIDE SUPPORT FOR THE REFORM OF THE ECONOMIC SYSTEM IN IRAQ & KURD REGION…ENSURE TRANSPARENCY & FAIR DISTRIBUTION OF OIL & GAS RESOURCES.
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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) – Articles: “The start of the meeting of the Presidency of the Council of Representatives on Tuesday with the heads of the blocs, but without the presence of Kurdish deputies.” “Kurdistan Alliance: MPs, ministers will not return to Baghdad until after the implementation of the “benefits“…” Kurds were absent from attending parliament sessions. Abadi meet with 9 ministers only! KURDS RETURNING TO BAGHDAD WHEN CHECK IS IN THEIR HANDS AND INK IS DRY….
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Frank26 (Dinar Guru) – Certifications…SWIFT codes…this is all good. The BIS told Iraq a long time ago to go ahead and raise their value. The IMF is watching Mosul. I told you…give me Mosul..and you’ll see INTERNATIONALISM! …we believe that is a precursor for the RV of Iraq. When you see Mosul…BOOM! The confidence in Iraq is changing everything. Abadi is building confidence in the GOI and the INTERNATIONAL world. The citizens are pouring back into Iraq with tears of happiness to their homes. They know about the reforms. IMO – they are ahead of their time line…we believe they are ahead of the conditions that they agreed too. Iraq is going through a propaganda campaign with the citizens. The purchasing power is about to change inside of Iraq! In Iraq…a Dinar is a Dinar. You need to grasp that. IMO – they will come out at 1 to 1 inside of their country. Then 3 days later, you’ll take it. They are about to enter the “INTERNATIONAL” world.
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mike (Dinar Guru) – …Somebody asked me once, “how do you eat an elephant?” I had a couple smart aleck answers but his reply was, “one bite at a time.” For me, that’s where the IMF is at with the Iraqi’s, one step at a time. We’re entering the sixth month of 2016 and Iraq’s finances are unraveling on a daily basis. Now that oil has dropped and stayed at such a low level, they’re stuck. If the IMF can clamp down on corruption, implement income taxes and get Iraq on the straight and narrow, it’s worth $5 billion to them. Heck, half of that money Iraq has already contributed to the IMF fund, sure there’s risk but with oversight, it diminishes. These guys are still driving the car with no oil in it, at some point it has to dawn on them that change is needed, not for profit, but for survival. Oil is a commodity and they acted like they could ignore basic market principles and the open market economy and it’s backfired in a big way. Those days are over, they need long term solutions. IMO.
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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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Frank26 (Dinar Guru) – The Jordan/Amman meeting…they agreed in principle…(with conditions)…before they could get the loan…so the IMF could then turn it over to the Board of Directors of the IMF. They had to complete the list for the monetary reform. Iraq knows that they WILL NOT get the loan unless they complete the list for the monetary reform. All of that info is on the ARABIC side of the CBI website. The instructions are all there…and they are implementing them! So Iraq is moving pretty fast… I don’t think it we’ll see it this month…but we don’t think they’re going to wait until July either. I believe that Iraq is ready. The timing is right for them to raise the value/exchange rate. [post 2 of 2]
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Frank26 (Dinar Guru) – They got a LOAN! IMO — This loan is the equivalent of Article 8…What is the definition of Article 8? The completion of their financial reform. The only way they could qualify for the loan is to do the financial reform… They got the loan…a shadow of what they needed to do. All of this to establish a CREDIT RATING. They DO NOT need the money…They DO NOT need the loan…They have more assets up their “wazzoo” then you’ll ever know. They needed the credit rating…and they got it…and in return they got a little “chump change”. 15 Billion does nothing for them…but establishes a credit rating for them…for the INTERNATIONAL world! Better credit rating = INTERNATIONAL BONDS = INTERNATIONAL RATE. [post 1 of 2….stay tuned]
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tman23 (Dinar Guru) – We see that Kurd region banks have now adjusted their rate to 131,000 IQD per 100 usd…was 128,000 to 100 usd… What we knew was the CBI intentions were to hold at 1305… …explaining what it means…Just take it as the KRG region is now exactly what the rest of Iraq is…which means all the banks are on CBI protocols.
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