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

Indicative rates – 06.12.2015

http://www.cbi.iq/

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Life-the way it really is – is a battle not between good and bad, but between bad and worse. – Joseph Brodsky

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*** Current News ***

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Don’t Miss  “NEWS TIME” W/Millionday in DU CHAT – Sunday eve 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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tlm724 (Dinar Guru) –  Press Release quote:  “Finance Minister Hoshyar Zebari, the decision of Prime Minister Haider al-Abadi judge to dismiss a number of banks, managers, and expressed surprise at the lack of inclusion of the Central Bank and others.”  PM Abadi has the legal right to dismiss the bank managers of the state run banks…we KNOW 100 % that the IMF is in control of the economy including and not limited to the banking sector. …do you believe that Abadi would make such a bold move without the consent of the IMF?    I think we can all agree that Abadi did the right thing in firing these managers as they have held their positions for a very long time and during that time they know the banking system inside and out and how to work it to their advantage to steal etc... [post 1 of 2….stay tuned]
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Breitling (Dinar Guru) –  I understand many people got into the dinar on sheer hype…I still get email asking what’s the hold up…there is no holdup.  A country’s values on the way it moves it moves slow.  It’s massive.  It’s big.  It’s a big giant turtle…to someone who’s not trained in it they think that’s something wrong…nope.  That’s not what’s going on.  There’s nothing wrong at all…it’s closer than you think. Technically they can revalue today.  Let them get past this stuff.  Let them get past what their watching…the market and how the market is going to react so they can see the trend so they can actually start to pull the trigger.  What I am looking for specifically is [with] the leeway that they have they might be able to (with out the markets being 100% predictable) they might be able to pull the trigger anyways on a percentage of what they can do.  So there is always that option.  It’s not a do or die situation for them.  you should be very very happy because you are very very close. 
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Iraqi Dinar/Dollar auction (most recent listing) 06-12-16

Currency Auctions Announcement No. 3218

This daily currency auction was held in the Central Bank of Iraq on the 06-12-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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mike (Dinar Guru) –   If they continue to ignore the protesters demands, the only safe place for the MP’s is going to be the Green Zone and that’s not going to be enough. They have to get into their communities at some point to remain viable and visible, no one’s going to follow a leader they can’t see. These politicians put a lot of effort coming up with reasons to not protest. The battle in Fallujah, Ramadan and now the citizens well being. At some point, hopefully, they’ll put some effort into accomplishing the reforms and satisfying the protesters demands. Or not. And then we’ll get to watch how the Arab Spring accomplish reforms and it’s not going to be pretty. Your move Abadi.
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Kaperoni (Dinar Guru) –   Yes the market rate is dropping… Good news… Last few days. …June 8th  -1272.  …June 9th – 1260.
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BGG (Dinar Guru) –   Article:  “…the decision to” revitalize the banking sector and Sir national strategy to stimulate the economy and create jobs and implement launch loans for industrial projects, residential and commercial citizens the best formula, according to the government ‘s plans.”  I have been beating this drum lately about there being a GOI PLAN for a few days now…it’s in print…they have been clear…now it looks a lot like Abaidi is moving things forward pretty fast…oddly enough – there was a bit about Maliki wanting to “take Iraq back” to a point sometime in the past – talking about Iraq needing a “strong man” leader…HE IS CRACKED.  I really see this as success on multiple planes…Abadi not only evaded Maliki’s direct charge on him (recently) – but he is having some real success in removing corruption and implementing serious reforms and advancements in Iraq’s financial sector. The key to their future.
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SIGR Report Recap (Flashback)…

THIS REPORT WAS SENT TO CONGRESS LAST MAY (it appears to be from May of 2012). IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This screen shot is from page 84 of the massive SIGR report.

BGG ~This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – May 2014, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
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I point out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis (up until the end of July 2012 – the end of their mission in Iraq) … I find it hard to believe such a source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – no matter what Wells Fargo or other such naysayers gripe about.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki (during that era – Abadi now). Period. Historically – Maliki was a “weak Dinar” policy advocate.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…

Read More: http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) –   Article quote:  “In the case of our call deputies in response to attend scheduled to be held during the month of Ramadan, special meeting, after the issuance of the Federal Court decision on the two sessions of the parliament in April, we will attend to Baghdad to attend.” …And between, “we support the House of Representatives in his work”   So much for parliament not meeting during Ramadan!  Sounds like the Kurds are 100% satisfied and anxious to get it complete.
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mike (Dinar Guru) –   Article:  “Calls for financial reforms of the International Monetary Fund”  Quote:  “report prepared by experts at the International Monetary Fund said that the budgets in the Middle East and Central Asia has shifted from surpluses to record large deficit.”  This is a good article, the IMF is stating the obvious, the ME lived in a world of surplus but those days are over, for now. Countries like Saudi Arabia, Qatar and Oman have all slashed their budgets, adding taxes and diversifying away from producing oil alone. These governments can no longer control the messaging and the people through patronage, the private sector is going to have to play a larger role now in these countries. Along with an open market comes an open country with more power distributed to the people, I’m looking forward to seeing that happen in Iraq as well. 
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Breitling (Dinar Guru) –  …the question is what more do they have to do to be able to add value to their currency?  Is their any laws they need to pass?  They want to pass more laws.  Now people are going to start looking at the date.  They don’t need it.  They can revalue today.  BUT to make things work correctly and to move thing forward to where there is no competition on…their agenda…they need to pass some of this stuff.  But they can revalue today.  We don’t need to look for excuses for them to revalue…that’s there.  That’s been there since last year.  It’s pretty significant.
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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:

1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine….

Read More: http://www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –  Article:  “Oil exports to America has tripled since last January”  Quote:  “Raising the Iraq of the daily production of oil to its highest ever to 4.5 million barrels a day in may, according to research firm estimates…”  RIGHT UNDER OUR NOSES…IRAQ JACKS UP PRODUCTION TO 4.5 MBPD…WOW!
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tlm7214 (Dinar Guru) –   Article:  “Keywords: administrative changes “necessary” and based on the requirements of the “urgent”    …not only have they appointed new staff but they also have oversight and a time frame to follow and why is that?  because the changes coincided with the international loan for Iraq’s security and the ongoing developments…all tied up nice and neat…when they were saying early last month that there were no conditions to the loans we knew better…
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Breitling (Dinar Guru) –  A lot of people been asking me about the auctions because of the articles coming out about it…to stage it correctly I mentioned specifically that when they start toying with the actions and reducing it or getting rid of it that that means our day is coming down the road.  This is exactly what they are talking about.  Article “Foreign exchange systems have been found to give rise to exchange restrictions and to multiple currency practices…”  That was the game…they tried to use the auctions to manipulate the value and the supply times velocity of the dinar.  They also wanted to control the foreign currency coming in…it’s no coincidence that there is more and more talk about getting rid of the actions….
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 Dinar Updates “Round Table” Call!!

“for Dinar News – that MATTERS!!”
from 6/09 – click-n-listen

Smart phone user link – Click here

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firefly (Dinar Guru) –   Do not be dismayed or frustrated if it doesn’t happen by the end of this month. Remember, they will never tell us a date until after the fact. Just know it is real and coming!  I hate to use soon but yes, VERY soon.  The evidence is right before our eyes…   They would not be going through the process with the IMF, WB, UN, UST, if they had no intentions of fulfilling their end of the agreement.
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SteveI (Dinar Guru) –  Topic:  “Iraqi ports apply “new tariff” mid-June current”  [Raising the cost of goods on the citizens should go over like a lead ballon – based on their current purchasing power…]  Yes, unless that changes.
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firefly (Dinar Guru) –  Article quote:  “the International Monetary Fund put a date ends on June 15 of the current month to the approval of the Iraqi government on the conditions for granting a loan of $ 5 billion and $400 million.”   That loan is CONDITIONAL.  This is why both the IMF and Iraq had to agree on the terms.  Like I said, NOTHING else matters to me…PERIOD.
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Iraqi Dinar/Dollar auction (most recent listing) 06-09-16

Currency Auctions Announcement No. 3217

This daily currency auction was held in the Central Bank of Iraq on the 06-09-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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tlm724 (Dinar Guru) –   Article:  “The General Company for Ports of Iraq, decided to apply the list of tariff revenues and new wages for 2016 as of June 15 this…”    “new tariff” mid-June  *wolfwhistle*  thats pretty *mission*.
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Bruce (Dinar Guru) –   Everything was ready to go today.  Lead bank was ready to go. We heard this earlier today. We know that it’s right there.  Heard that rates at US banks were frozen on the screens last night, unfrozen this morning, may freeze again tonight. Redemption centers are doing final security checks…Rates will be highest first 6 days and difference will be substantial. Staggering difference in rates after day 6.Almost 7,000 redemption centers, so 6 days should be plenty of time to exchange all of us.
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rcookie (Dinar Guru) –  …THE 2010 CUSTOMS TARIFFS WAS NEVER IN QUESTION OF BEING EXECUTED THIS YEAR NOT ONLY BECAUSE WRITTEN INTO BUDGET…AND IMPORTANT INITIATIVE IN IMF LOI…BUT NECESSARY TO BE GATT COMPLIANT IF THEY ASPIRE TO BE GATT COMPLIANT FOR WTO ACCESSION…GATT STANDS FOR …GENERAL AGREEMENTS ON TARIFFS AND TRADE.
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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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Backdoc (Dinar Guru) –   THE TARIFFS GET IMPLEMENTED ON THE BOARDERS ON THE 15TH IN IRAQ!  THE LOAN IN IRAQ WITH THE IMF IS IMPLEMENTED ON THE 15TH!
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rcookie (Dinar Guru) –   Article:  “We will attend the special meeting: Kurdistan is invited to attend”  Quote:  “The Kurdistan Alliance, announced Thursday that he would attend the special meeting to be held during the holy month of Ramadan, in case it has been invited to attend.”   SO KURDS ARE ON RECORD OF ATTENDING SPECIAL SESSIONS DURING RAMADAN IF CALLED….
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Backdoc (Dinar Guru) –   COUNTRIES SEEM TO BE ALREADY USING THEIR RATE CHANGES BEFORE  IT GETS TO US!   …THEY PUT 80% OF THEIR DEBT IN DOLLARS…AND…THEY CALLED IT A CLEVER MOVE?  WELL HERE’S WHY!  THEY GET A HIGHER SOVEREIGN VALUE FOR THEIR CURRENCY NOW AND THEY CAN USE THAT CASH TO EXTINGUISH THE MONOPOLY MONEY DOLLARS! HEE HEE.  THE INTERESTING THING IS THEY ARE DOING IT ALL BEFORE IT EVEN HITS THE STREETS, OR AT LEAST SOME OF IT NOW!  HOLY COW! AMAZING!   THEY CAN ONLY PLAY HIDE AND SEEK SO LONG…THIS COUNTRY TO COUNTRY STUFF HAS TO COME TO AN END!  ITS TIME TO MAKE THE DONUTS BOYS AND LET THE PUBLIC GAMES BEGIN!  PRIVATE SECTOR LAUNCH PLEASE, AND NO LATER THAN MID-MONTH THANK YOU!
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