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 | 1327.386 | 1326.722 |
| British pound | GBP | 1677.849 | 1677.010 |
| Canadian dollar | CAD | 915.286 | 914.828 |
| Swiss franc | CHF | 1226.268 | 1225.655 |
| Swedish krona | SEK | 142.231 | 142.160 |
| Norwegian krone | NOK | 142.096 | 142.025 |
| Danish krone | DKK | 178.517 | 178.428 |
| Japanese yen | JPY | 11.140 | 11.135 |
| Special Drawing Rights |
SDR | 1662.140 | 1661.309 |
Indicative rates – 06.16.2015
http://www.cbi.iq/
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Liberty is the only thing you cannot have unless you are willing to give it to others. – William Allen White
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*** Current News ***
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Dinar Updates “Round Table” Call!!
“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743
from 6/09 – Smart phone user link – Click here
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rcookie (Dinar Guru) – Article: “Kurdistan: ready for a new oil deal with Baghdad against the billion dollars a month” SO…KURDS ON BOARD FOR NEW OIL DEAL…WHERBY GOI GIVES THEM 1 BILLION AND THEY AGREE TO RAMP PRODUCTION AND PROCESS THROUGH BAGHDAD….ALL FOR A MEASLY 1 BILLION PER MONTH…UNDERSTAND WITHOUT THE UST AND CBI AND INT’L AGENCIES AUDITING…MONITORING…PRODUCTION RECORDS… BANK RECORDS…THIS WOULD NOT BE A CONSIDERATION. THEY HAVE COOKED THE BOOKS AND PRODUCTION FOR YEARS…THE CBI BEING THERE WITH ALL OF THOSE AGENCIES CREATES A TOTALLY DIFFERENT TRANSPARENT LANDSCAPE!
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Frank26 (Dinar Guru) – While all of these activities are going on…you have the taxes and the tariffs at the borders that are being set up. They used to collect them manually but…it’s not going to be manual anymore. And that’s why the World Trade Organization (WTO) is asking Iraq, “will you guys join us?” And the reason why is because that they got the coding a long time ago and they are about to implement it in the taxes and tariffs at their borders. Now the software to reveal this encoding of every item that is going to be taxed…is only going to increase their revenues of the country…Not only in shipping imports but exports as well. They set up an E-Government system and electronic taxes…all of this with the software that will give them the encoding that will allow them to become World Trade Organization members? Hmmm…I guess the timing to join them is exactly right because an LOI [Letter of Intent]…This is a very sophisticated system and not for no program rate. The IMF has a LOI of what Iraq wants to do and the evidence of this agreement is all over the place.
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www.DinarUpdates.com – save as favorite!!
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Backdoc (Dinar Guru) – WHO CO-SIGNED ON THE IMF LOANS? RIGHT! THE U.S.! SO WHATEVER AFFECTS THE U.S. AFFECTS IRAQ! WAS IT A SURPRISE TO YOU THAT IRAQ MOVED THE TARIFFS FROM THE 15TH TO THE 25TH? WILL THE IMF FOLLOW THROUGH WITH, “ALL WILL BE DONE BY MID YEAR”? WITH NO OTHER WORD, AND WITH MANY POINTS OF GLOBAL PROGRESS, WE HAVE TO BE ENCOURAGED.
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wmawhite (Dinar Guru) – IMO, Iraq is now engaged within the global Economy markets. In fact…This article is more evidence that Iraq (the CBI, GOI, and its’ banks) have entered the global economy markets. Quote: “…Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).” If Iraq was not part of the global economy markets, why would one of the world’s leading banks, Citibank, being discussing with the Trade Bank of Iraq (TBI) about now to…“develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq”…and… “lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).” This is Citibank…which I believe is aligned with the TBI…The trade Bank of Iraq which is the CBI’s arm that reaches outside of Iraq.
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Iraqi Dinar/Dollar auction (most recent listing) 06-16-16
Currency Auctions Announcement No. 3222
This daily currency auction was held in the Central Bank of Iraq on the 06-16-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 26 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 132,094,500 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 132,094,500 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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SteveI (Dinar Guru) – Topic: “Kurds ready for a billion dollar deal with Baghdad” Extremely positive. I see very good things ahead.
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wmawhite (Dinar Guru) – Article quote: “BECAUSE THE CURRENCY’S STRENGTH LIES IN CASH RESERVE SIZE OR PRECIOUS METAL AT THE WORLD BANK…” this is the first time we see that Iraq has reserves on deposit at the World Bank…
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Iraqi Dinar/Dollar auction (most recent listing) 06-13-16
Currency Auctions Announcement No. 3219
This daily currency auction was held in the Central Bank of Iraq on the 06-12-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 31 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 130,639,518 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 130,639,518 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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tlm724 (Dinar Guru) – Article quote: “the Iraqi Kurds are ready to conclude an agreement with the federal government in Baghdad on increasing oil exports, if guaranteed them a monthly income of one billion dollars.” the Kurds are saying give us a billion dollars each month…that is close to 17% of the budget…their share of the federal budget which they are entitled too and if they can be assured they get their monthly payment then they will pump more oil through Baghdad and they will agree to a new oil agreement. this has great potential and sets the stage for passing the HCL! and if they can pass the HCL it will totally change the landscape in Iraq. it will unite the country and the people will benefit too…it will bring in more international oil companies and regular companies too with a renewed confidence in Iraq! they have to show the world they are worthy and the HCL will certainly further that along…and protect contracts etc…
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Poppy3 (Dinar Guru) – I HAVE HAD SUCH A PIECE OF MIND FOR THE LAST FEW WEEKS THAT THE RV IS TRULY HAPPENING AND WILL SHOW BEFORE THE SECOND WEEK OF JULY. MY SOURCES…ARE STILL CONFIDENT THE INFO THEY HAD THEN WAS CORRECT AND HASN’T DEVIATED SINCE. THEN ALL THE GREAT NEWS…HAVE LAID OUT THE SAME TIME PERIOD. YES I AM RELAXED AND HAVE MY EXPECTOR ON. WISHING ALL OF YOU TO HAVE THE SAME CONFIDENCE IN WHAT IS HAPPENING AS I HAVE.
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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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Kaperoni (Dinar Guru) – Article “Iraqi trade talks with Citibank to develop relations” Quote: “…lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).” [They are talking about an internationally convertible currency.] For sure the right words, but Iraq has work to do with compliance. Convertibility is coming once the IMF and the CBI work out the transition to Article VIII.
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Mountainman (Dinar Guru) – Article: “Iraqi trade talks with Citibank to develop relations” Quote: “…(the meeting between the two sides is part of the bank’s policy of developing relations with major international banks and financial institutions around the world…” AWESOME…No MORE Stopping and Starting…IRAQ is MOVING FORWARD…(NOT) Backwards…TIMING is KEY…and INTERNATIONAL BELLS are RINGING…The WEDDING is NEAR and The DANCING in the Streets Are Speaking Loudly..
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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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Frank26 (Dinar Guru) – …they did a lot of things in this process in order to become known internationally…Isn’t it amazing? Congratulations! In fact…the World Trade Organization (WTO), which is an international organization comes out and says, “Hey guys…when you get the true rate, and you get those taxes on the borders, and you get everything all set…this is going to be good. And in fact, we want you to join us.” [post 2 of 2]
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Frank26 (Dinar Guru) – …the IMF, the International Monetary Fund, tells countries what to do with their currency…They can increase their currency, decrease their currency, print new currency, print new plates, whatever the case is, the IMF is involved with that, globally, internationally. “Iraq sent a message to the IMF on the 15 of May confirming their “agreement” to the conditions and the mechanisms and the framework for the physical policy”…that’s financial…” for the fiscal policy and presented it to the IMF board at the end of June.” …this is not even the end of June. Do you see how far ahead of schedule they are? There is just a lot of evidence of the fact that they…are following the steps of the IMF to lead themselves into the international world the way the IMF promised them in the first half of 2016…and here we are… [post 1 of 2….stay tuned]
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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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rcookie (Dinar Guru) – IN THE LAST 10 DAYS…THEY ANNOUNCED THEY ARE GOING TO RAISE SOME OF THE TAXES APPLIED TO CERTAIN GOODS EFFECTIVE JUNE 15TH…. AND WOULD BE PUBLISHING THOSE RATE INCREASES IN ENGLISH AT SOME POINT PRIOR TO IMPLEMENTATION… SUNDAY THEY ANNOUNCED DELAYING THE APPLICATION OF THE NEW INCREASES UNTIL THE 25TH OF JUNE…THE EXISTING 2010 CUSTOMS TARIFFS ARE CONTINUED TO BE COLLECTED…WE HAVE SEEN IN LAST 10 DAYS THE REOPENING OF JODAN BORDER CROSSING AND THE KURD/SYRIAN BORDER CROSSING…AND IMO THEY ARE BRINGING THOSE ON LINE.
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Poppy3 (Dinar Guru) – Article: “Iraqi government agree to request the IMF to lend her actions” Quotes “…the Iraqi government agreed to request the IMF to lend her actions, adding that among the measures pay off all the arrears owed to foreign oil companies…” “…the Minister of Finance Hoshiyar Zebari, said that the agreement with the IMF will open the door for Iraq ‘s international aid worth up to $ 18 billion over three years.”
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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:
| 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$) | 142,409,372 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 142,409,372 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Chattels (Dinar Guru) – …the Iraqi cabinet did obtain a quorum today and all Kurdish ministers were in attendance. Also, there appears to be implementation / progress on the anti – laundering law by the CBI and general banking reform.
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tlm724 (Dinar Guru) – Article quote: “the Finance Committee followed up the subject of money laundering through the achievement of money laundering of 2015 law “, noting that ” follow – money laundering focus of Money Laundering Office, a competent central point…” so the committee did it’s part now it’s up to the CBI to implement it and they are!
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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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Shredd (Dinar Guru) – Article: “Foil attempted theft billion and {380} million dinars from the Rasheed Bank” glad their security measures are working…all necessary dominoes in place and working…they’ll need to continue to adjust from losses but good to see this.
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tlm724 (Dinar Guru) – Article quote: “Iraq says IMF deal ‘on track’ as cabinet approves reform package…Iraq has approved measures requested by the International Monetary Fund to unlock loans…” Iraq says IMF deal ‘on track’ as cabinet approves reform package…plan coming together.
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