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 – 06.07.2015

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If we make peaceful revolution impossible, we make violent revolution inevitable. – John F. Kennedy

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*** Current News ***

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wmawhite (Dinar Guru) –   What is easy to miss is that all of these different entity inside Iraq as well as outside are telling the world about all of this…the reemergence of Iraq into the “economy markets”...but, wasn’t this suppose to be a big secret?  Answer…no…they want the world to know.
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 Dinar Updates “Round Table” Call!!

“for Dinar News – that MATTERS!!”
6/07 – 7:30pm CST – click-n-listen

 Smart phone user link – Click here

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I am sooooo sorry – I am having to edit the call. Will have it posted ASAP. You won’t want to miss it!! Good stuff!!

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mike (Dinar Guru) –  …this is a process. I don’t believe in silver bullets or quick fixes. There are, in my opinion, certain economic and financial steps before there’s an appreciation. I don’t think the IMF can make the necessary legal changes, all they can do is dangle the carrot and hope Iraq conforms. At the minimum, we need a functioning Parliament, we need the legislation. The IMF aren’t a bunch of clowns, but there’s a limit to what they can get done. IMO.
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Don’t Miss  “NEWS TIME” W/RCookie in DU CHAT – Wednesday eve 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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wmawhite (Dinar Guru) –    …PM Abadi stood in front of the G-7 and many others and told them that Iraq would join them on that stage…the world economic stage…I believe him and so do they…and they know he will not be on that stage with them at a value of $0.00086.
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Millionday (Dinar Guru) –  Article quote:  “…extensive talks between government officials and representatives from the World Bank , in a move to deepen cooperation and the search for the experiences and contributions of international and activating partnerships properly.”   THE GOV IS PREPARING TO MOVE WITH BIDS AND CONTRACTS TO INVEST AND CREATE WORK.   ABADI AND THE WORLD BANK PREPARING FOR A FORMAL OPEN OF THE DOORS FOR INVESTMENTS FOR IRAQ.  Quote:  “…the aim of the workshop is to gather all State capabilities and put them in an operational framework to deal with the theme of ” the expansion of private investment door…”  THIS…IS THE MOVE TO ANNOUNCE THE FORMAL OPENING OF IRAQ’S INTERNATIONAL INVESTMENT AND THE LINK OF PRIVATE SECTOR LAUNCH.  THEY ARE MOVING FORWARD — WHOOPOW.
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Iraqi Dinar/Dollar auction (most recent listing) 06-06-16

Currency Auctions Announcement No. 3214

This daily currency auction was held in the Central Bank of Iraq on the 06-06-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Shredd (Dinar Guru) –   Article quote:   “Sovereignty was confirmed by the government for its part will be faithful to its commitments under an agreement to prepare the credit program, which reached his recent between Iraq and the International Monetary Fund, which has contributed greatly to stimulate the donor countries to provide adequate support, and enhance the credibility of Iraq’s finance in the global financial markets and the rating agencies global credit.”   We get a greater peek at the power of this and future loan agreements to Iraq. You may think them taking loans is a bad thing but not so.  First, countries have faith in Iraq’s ability and intention to repay.  Second, Iraq taking and repaying these loans will enhance their credit rating with the rating agencies. This will in turn allow them to lower interest rates and expand the pool of lenders in future loans.  This is not a sign that Iraq is struggling and needs help. This is a sign that Iraq has matured to participate more in the global economic finance partnerships.
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mike (Dinar Guru) –  Article:  “Parliament: the signing of Iraq to loans require him to impose extra taxes on the citizens needed to be reviewed”   So, in the middle of an economic crisis, what is Iraq doing and what are their plans? Implement tariff’s, initiate income tax, lower staff salaries and remove subsidies for fuel, and electricity (excluding the displaced).  Not much of a plan if you’re a regular Iraqi, in fact, it’s terrible. They’re going to be the ones bearing the brunt of the economic mess Iraq’s in.  At every turn they ignore the obvious actions that are needed to create an open market economy and add value to their currency and overall economy.  …I haven’t seen a whisper about raising the value of the dinar, in fact, there are some calling for a devaluation to 1300-$1. Iraq has a long history of ignoring IMF instructions in 2005, the Paris Club and even their agreement with Kuwait.
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In the parliamentary finance by calling for the support of banks and activating the deposit law

{Baghdad} Euphrates News called the parliamentary finance committee member Ahmed Sarhan, the government to support banks and activate the deposit law for the purpose of revitalization of the banking sector and development of the country’s economy.

The MP said Sarhan Ahmed told {Euphrates News} ” The development of the banking sector in Iraq is through the government support for the banks, as well as the Central Bank and funding required amounts to be able to fulfill their duties to the fullest , ” noting that “this depends on the amount found in the reserve the central bank “…

Read More: http://www.dinarupdates.com/blog/
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wmawhite (Dinar Guru) –   I am not one that believes in a floating to a true value…and why…because the economy of Iraq is already a 1,000 times stronger than what its currency value currently depicts…and the IQD is as strong or stronger than every other country in the Middle East…yet, the IQD is anywhere from a 1,000 times to 10,000 times less in value than all of those other countries.
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rcookie (Dinar Guru) –    Article quote:  “…CHAIRMAN FOR COMMITTEE ON ECONOMY & INVESTMENT BOLANIIN THE MEETING HELD…WITH THE GOAL BEING TO “SUMMON ALL STATE CAPACITY” AND PUT IN OPERATIONAL FRAMEWORK TO DEAL WITH THE THEME “THE EXPANSION OF PRIVATE INVESTMENT DOOR…”   BOLANI TALKS ABOUT THE OVER 4000 PROJECTS STALLED VALUED AT $250 BILLION THAT IRAQ NOW WANTS TO ACTIVATE AT A PACE THAT WILL ATTRACT INVESTORS & INT’L PARTNERS…SO THEY ARE READY TO MOVE FROM AN IDEOLOGICAL PLANNING PHASE TO A REALITY OPERATIONAL PHASE!
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Parliament will hold an extraordinary meeting during Ramadan to complete the reshuffle and discuss other crises

Guessed decision House Deputy Imad yokhna special meeting during Ramadan, noting that this meeting be for reshuffle and discuss the situation in the country.Yokhna said that the meetings and dialogues between political blocs continues on political and security developments in the country,

Adding that the hearing will be for the purpose of the reshuffle and therefore be attended by lawmakers, including members of the Liberal bloc, noting that this meeting will be devoted to discuss the situation in the country, yokhna said that the meeting would be held after the decision of the Federal Court and enter the reform bloc, adding that after the decision of the Court can hold several extraordinary meetings to discuss specific topics.

Read More: http://www.dinarupdates.com/showthread.php?35417-Yokhna-Parliament-will-hold-an-extraordinary-meeting-during-Ramadan-to-complete-the

BGG: So Jubouri wasn’t kidding – they will work during Ramadan – “Extraordinary session” – to get the reshuffle finished and work thru whatever decision the Fed Court hands down.

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Millionday (Dinar Guru) –   Article quote:   “…the decision of the House of Representatives held during the month of Ramadan, Ptdmnha vote on the cabinet reshuffle, saying that any response from the Federal Court on the appeal «reform front» will binding on all the political blocs.”   THIS IS THE ANNOUNCEMENT OF THE CABINET VOTE GOING ON EVEN WITH RAMADAN.  PARLIAMENT IS REQUIRED TO WORK DURING RAMADAN TO VOTE AND ATTEND THIS SPECIAL SESSION REQUIRED MANDATED BY ABADI…  WHOOOPOW.
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Poppy3 (Dinar Guru) –   REMEMBER…ABADI SAID MONTHS AGO THAT ISIS, DASSH ETC SECURITY WOULD NOT DELAY OR PREVENT COMPLETION OF FINANCIAL REFORM AND IT DOES APPEAR HE HAS KEPT HIS WORD TO THE PEOPLE OF IRAQ AND TO US. 
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Iraq PM Abadi urges lawmakers to stop squabbling, rally behind army

Iraq’s Prime Minister Haider al-Abadi (front 2nd L) walks during his visit to an Iraqi army base in Camp Tariq near Falluja, Iraq, June 1, 2016. REUTERS/ALAA AL-MARJANI

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Iraqi Prime Minister Haider al-Abadi has appealed to politicians to “freeze” their wrangling over his anti-corruption reforms and unite behind the army as it battles Islamic State in Falluja, near Baghdad.

Abadi has been grappling with a political crisis since February and has been unable to rally the main blocs in parliament to back an anti-corruption plan that includes a cabinet reshuffle.

He ordered the offensive on Falluja on May 22, after the political crisis degenerated into deadly street violence in and near to Baghdad’s heavily fortified Green Zone, and a series of bombings, claimed by Islamic State, hit Shi’ite districts of the city.

“I appeal (to the politicians) to freeze all differences until the land is freed,” he said on state TV late on Wednesday during a visit to the army’s front line near Falluja, 50 kilometers (32 miles) west of Baghdad.

“Daesh is the ultimate corruption and whoever prevents us from fighting Daesh is corrupt,” he added, referring to the ultra-hardline Sunni group by one of its Arabic acronyms…

Read More: Dinarupdates.com/blog/
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Frank26 (Dinar Guru) –   […do you have any thoughts on if Mosul will take about the same time to plant the flag as Fallujah?]   Understand…YOU seek MOSUL because we taught You this.  We do not..for it was over TWO MONTHS ago…that…It was over.   IMO…There is no doubt the RV is coming just don’t know when…
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wmawhite (Dinar Guru) –  Article:  “Provide transparency by adopting the digital economy”  Quote:  “…that Iraq sought market Securities for the application of modern systems for the success of the deployment of trading directly on global sites…”   seriously? going to trade on global sites with most of their shares at 1 and 2 dinar per share…No way!  …and yet…what did they just tell the world… “TRADING DIRECTLY ON THE GLOBAL SITES”  You could sit at home and buy up every remaining share of the ISX for less than a few thousand dollars…unless the value of those shares change before hand.  If you owned a bank would you offer shares of your bank to the world at less than $0.01?   The one entity rarely spoken about…the ISX, quietly positioning itself…AS WE WERE JUST TOLD…to “TRADING DIRECTLY ON THE GLOBAL SITES”  …”why is the ISX making all of these preparation to join the world trading platforms and have not done so yet?”  IMO…the answer lies in the…value of the IQD…because that is what the shares are traded in…IQD.  they have all of the infrastructure and operational systems in place…IMO.   IMO, the ISX is waiting on the CBI and GOI.
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rcookie (Dinar Guru) –   Article quote:  “Insurance is a central nerve between the three pillars of the financial sector, a bank, insurance, stock market…”   THE NARRATIVE OF THE INSURANCE SECTOR RECENTLY IS IN OVERDRIVE….HERE TALKING ABOUT THE ROLE INSURANCE PLAYS IN INSTILLING CONFIDENCE IN THE BANKING AND STOCK MARKET SECTORS AND ATTRACTING INT’L DEVELOPMENT & INVESTMENT THAT WILL DRIVE IRAQ ECONOMY…THERE WAS NOT A SNOWBALLS CHANCE IN BAGHDAD OF ACQUIRING AND CAPTURING INT’L BUSINESS & INVESTMENT WITHOUT A COMPLETELY REVAMPED PRIVATE SECTOR INSURANCE INDUSTRY IN THE MARKET TO QUELL THE LACK OF CONFIDENCE OF BEING IN BED AND DOING BUSINESS THROUGH THE STATE RUN INSURANCE SYSTEM…NOT A MOLECULAR CHANCE!
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Urgent Cabinet approves the Supreme Judicial Council Act

{Baghdad: Euphrates News} cabinet today approved the draft of the Supreme Judicial Council Act, which Dqgah the State Consultative Council.

A source in the council told {Euphrates News} “The Council approved the referred the bill to the House of Representatives based on the provisions of Articles {61 / I and item 80 / item II} of the Constitution, taking into consideration ray General Secretariat of the Council of Ministers ..itba ..

Read More: http://www.dinarupdates.com/showthread.php?35243-Urgent-Cabinet-approves-the-Supreme-Judicial-Council-Act
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Poppy3 (Dinar Guru) –   …I ASSURE FALLUJAH IS FREE OF ISIS IN ANY NUMBERS…THE BAGDAD FLAG FLYING.  [betcha Mosul is also all but done?]  IT IS ALL BUT DONE…IN FACT REPORTS YESTERDAY THAT THE BAGDAD FLAG WAS RAN UP YESTERDAY AFTERNOON BY ABADI HIMSELF.  WE ARE WAITING FOR THE NEW RATE THAT APPEARS WE WILL SEE LATER THIS MONTH AS THE IMF, WORLD BANK SAID.
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Millionday (Dinar Guru) –  THIS IS TALKING ABOUT THE SHARES BEING ACCESSIBLE BY ALL AND REMEMBER THIS WOULD INCLUDE THE LARGEST PRODUCT THEY HAVE ON THE GLOBAL MARKET>>>IRAQ’S CURRENCY…MACRO ECONOMICS.  SO INTERNATIONAL ACCOUNTING STANDARDS WOULD BE APPLIED…WHOOPOW.   THIS WOULD APPLY THE INTERNATIONAL EQUATION THAT PUSHES THE VALUES THAT THE MARKET REFLECTS — FOR INSTANCE — OUR VALUES AND COST OF LIVING REFLECT THE CONSTANT MOVING MARKET AND THE STOCK MARKET ETC.  NO DATE IS GIVEN BUT — THE FACT THAT THIS IS READY TO BE APPLIED IS NEWS IN ITSELF.    [post 2 of 2]
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Millionday (Dinar Guru) –   Article quote:  “…that Iraq sought market Securities for the application of modern systems for the success of the deployment of trading directly on global sites will serve as a magnet for investment indirect factor and enhances the performance of the market.”  THEY FEEL AS THOUGH IT IS TIME TO INITIATE ALL ELECTRONIC BANKING AND ECONOMICS – THIS WILL INCLUDE OF COURSE THE ISX AND INTERNATIONAL INVESTORS…IT WOULD HELP MINIMIZE CORRUPTION DUE TO ACCOUNTABILITY. IN MAY THEY SIGNED TO BRING THE ISX TO THE MARKET AS INTERNATIONALLY ACCESSIBLE.  [post 1 of 2….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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SteveI (Dinar Guru) –   Will this be our month is anyone’s guess but the pressure is mounting daily for Iraq to get their act together and start complying with global standards. Doing this Iraq’s way can only go on for so long. Now you have the IMF breathing down their backs and the citizens continued pressure.
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BGG (Dinar Guru) –    Article:  “…Parliament will hold an extraordinary meeting during Ramadan to complete the reshuffle and discuss other crises”  So Jubouri wasn’t kidding – they will work during Ramadan – “Extraordinary session” – to get the reshuffle finished and work thru whatever decision the Fed Court hands down.
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rcookie (Dinar Guru) –    …IN SPITE OF ALL REPORTS CONFIRMING KURDS SHARE OF LOANS AT 17% PER 2016 BUDGET LAW CONSTITUTION…THE WB STEADFAST ABOUT KURD COMMITMENT TO DELIVERING THEIR OIL SHARE DUES…ELIMINATING STAFF REDUNDANCY AND MAKING THE SAME BUDGET CUT MANDATES THE GOI HAS ALREADY DONE…AND WILL COMPLETE FURTHER IN ORDER TO RECEIVE THE SBA LOANS…BIG SHOCK KURDS…NO MORE COOKING THE BOOKS AND GAME PLAYING…THERE ARE MANY INT’L PANELS OF AUDITORS THERE OVERSEEING…AND THE BANKING OVERSIGHT & REGULATION WILL GET EVEN TIGHTER NOW THAT CBI WILL BE IN ERBIL AND OVERSEEING ALL BANKING SECTOR…NO MORE 14 SEPARATE BANKS THEY CAN FUNNEL THEIR OIL SALES THROUGH TO HIDE…TRANSPARENCY…ACCOUNTABILITY….AND THE UST IS THERE AS A BACKDROP…AND THAT ALL STEMS FROM THE WB AUDIT AND REVIEW BACK IN NOVEMBER WHERE THE WB REP CAME OUT AND SPANKED KURDS SAYING THEY NEEDED TO GET THEIR FINANCIAL & ECONOMIC HOUSE IN ORDER…
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