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 | 1337.315 | 1336.646 |
| British pound | GBP | 1743.568 | 1742.696 |
| Canadian dollar | CAD | 922.141 | 921.680 |
| Swiss franc | CHF | 1232.662 | 1232.046 |
| Swedish krona | SEK | 143.595 | 143.523 |
| Norwegian krone | NOK | 142.695 | 142.624 |
| Danish krone | DKK | 179.848 | 179.759 |
| Japanese yen | JPY | 11.354 | 11.349 |
| Special Drawing Rights |
SDR | 1676.632 | 1675.793 |
Indicative rates – 06.22.2015
http://www.cbi.iq/
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The authority of those who teach is often an obstacle to those who want to learn. – Marcus Tullius Cicero
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*** Current News ***
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Frank26 (Dinar Guru) – …when you look at all these steps that are occurring you can’t help but get excited…Abadi…said…Parliament is voting right now on sending international economic agreements by our government which are in line with our economic vision… I have ALL my ministers working on getting ALL the lands back right now…I have ALL my ministers working with the committees of economics and investments to tell the world that…the agreements that we made on our economy with the IMF…are in line…with the international standards…we are bringing you back into the international world… the governor of the CBI…says…we got $53 billion… Iraqi cash reserves…which are the IMF requirement are about $53 billion and with gold…it’s a lot more than that…IMO. …it is for the existence of the amount of foreign exchange that is going to be coming into our country [Iraq] from the international investors and we need to cover our local currency basically to cover theirs…it is exciting without a doubt…
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Kaperoni (Dinar Guru) – Article: “Central Bank Governor “long”: equality dinar dollar threatens local production and the deletion of zeros depends on stability” Quote: “*Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.? – The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses.” Iraq is about as stable as it is going to get (outside of Mosul). So they should be seriously considering implication very soon. And …those kinds of statements are in direct support of raising the value as the economy grows, investment flows, etc. Again, I believe the increase in value will be used to counter the inflationary pressure created by the influx of investment once the doors really open for investors. Time will tell, but let’s hope they pass the laws we need and get the show on the road.
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rcookie (Dinar Guru) – AND AS ANOTHER BACKDROP TO THIS STORY...ISNT THE TBI THE BANK THAT WE JUST SAW RAISE THEIR CAPITALIZATION IN THE LAST FEW DAYS ALONG WITH MANY OTHERS… [YES…and how much was that?] 300%….FROM 500 BILLION TO 1.75 TRILLION. AND WHEN YOU SEE UPSWING IN CAPITALIZATION THERE IS AN INHERENT EXPECTATION OF VALUATION INCREASE…
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Don’t MISS – “NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST
www.DinarUpdates.com – save as favorite!
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wmawhite (Dinar Guru) – They increased their shares from 54.7% to 64.7%. Why? …this is very interesting news and IMO is an indicator that Iraq’s neighbors are aware of major changes coming soon from within Iraq’s financial institutions. I have always believed that Iraq’s neighbors have their fingers on the pulse of Iraq and that they will be the first to pounce on these opportunities being created by Iraq. This move by Bahrain’s Ahli United Bank combined with what Citibank just stated a few days ago ought to have you thinking…this is happening right in front of us…there are no secrets to this…they are announcing to the world as this is happening. [post 2 of 2]
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wmawhite (Dinar Guru) – Article: “Iraqi trade talks with Citibank to develop relations – June 14, 2016” Quote: “as well as lifting the barriers that stand in the way of the constant movement around the world of the Iraqi dinar.” this is Citibank stating…let’s lift the barriers... Article: “Bahrain’s Ahli United Bank buys shares of TBI” Since 2003, other banks in the region have been buying shares into the TBI…This bank (Bahrain’s Ahli United Bank) that is located in Bahrain already owned the majority of shares of the Trade Bank of Iraq. Yet, they apparently believe there is an up-side/an advantage to increasing their control over the TBI. [post 1 of 2….stay tuned]
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Poppy3 (Dinar Guru) – ITS AFTER A 3 DAY BANK SHUT DOWN AND LAST MONTH WHEN OUR …VP WAS IN IRAQ AND HE WAS INFORMED IT WAS GOING TO POSSIBLY TAKE THEM TILL THE LAST WEEK OF JUNE TO BE READY…HE SUGGESTED IF IT WAS GOING TO BE THE LAST WEEK OF JUNE TO JUST NOT RELEASE TILL THE 4TH OF JULY FOR AMERICA AND IT WOULD BECOME THE NEW REASON FOR INDEPENDENCE DAY? THAT WAS THE RUMORS LAST MONTH FROM BOOTS ON THE GROUND IN BAGDAD. [post 2 of 2]
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Banks raise Iraq’s Stock Exchange
Twilight News / general index of the Stock Exchange of Iraq ended the trading session on Tuesday at an altitude of 0.81% for the third consecutive day, to a level Al513.41 points to win 4.10 points to its value.
It was treated at 1.094 billion shares valued at 768.45 million dinars, distributed over 469 transactions.
Issued gainers Tigris and Euphrates Bank by 9.09%, as the Iraqi Investment Bank rose by 7.14%.
In contrast, the losers Gulf Insurance shares issued by 2.78%, and the Asia-Cell Telecom dropped by 1.12%.
The general index of the Iraqi market for securities trading closed Monday, a rise of 0.73%, a winning 3.70 points, reaching the level of 509.31 points…
Read More: www.DinarUpdates.com/blog
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Poppy3 (Dinar Guru) – …WE ARE CLOSING IN ON SEVERAL THINGS OF GREAT INTEREST. FIRST THE DINAR — ALL NEWS AND WRITTEN REPORTS AND ALL PERSONAL SOURCES ARE ALL ADAMANT THIS IS THE RIGHT TIME AND THEY ARE IN THE RIGHT PLACE PUSHING EVERY DAY AND WORKING AT NIGHT TO PREPARE FOR THE NEW RATE AND INTERNATIONAL TRADE WITH CURRENCY EXCHANGE…AS I HAVE TOLD YOU AND SHOWN REPORTS FROM THE IMF, WORLD BANK SAYING THE SAME THINGS. WE STILL WAIT AND SEE BUT MANY REPORTS NOW OUT SAYING JULY 5TH IS WHEN WE SEE IT GO GLOBAL. I TOTALLY BELIEVE IT. [why July 5th?] TWO REASONS… [post 1 of 2….stay tuned for the rest of the story]
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wmawhite (Dinar Guru) – …Guru Dr. Clark…stated…”Forget about what the IMF indicated “by the 1st half of 2016”. It’s irrelevant…” Seriously, Dr. Clark? We should…disregard the one entity that has more knowledge about Iraq and the Central Bank of Iraq than any other entity on this planet? It is reasonable to believe that the IMF, WB (World Bank) and the CBI “KNOW” what is going on with the money policy of Iraq.
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rcookie (Dinar Guru) – ADD THIS ROBUST ACTION TOWARDS TRAINING WE HAVE READ SO MUCH ABOUT IN LAST 2 WEEKS SUCH AS THE 15 NEW TRAINEES RECENTLY GRADUATED THROUGH WB AML/CFT CERTIFICATIONS…TO THE NEWS OF MASSIVELY INCREASED CAPTIALIZATION OF ALL BANKS IN IRAQ…ALONG WITH THE DEVELOPMENT FUNDING PROGRAMS ALL CUED UP IN EVERY PROVINCIAL REGION AND SECTOR AND WE ARE WITNESSING THE PERFECT STORM…
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Iraq: the agreement with the IMF is going according to plan
Economy News / Continue … Prime Minister fiscal policy adviser said the appearance of the benefit, if Iraq agreed to request the International Monetary Fund to provide loans that will help the country to overcome the crisis in liquidity resulting from the drop in oil revenue measures.
Saleh said in remarks followed up “the economy News” that the agreement reached last month between Iraq and the International Monetary Fund is going according to planned…
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firefly (Dinar Guru) – …there are MANY things going on behind the scenes that we are not privy to… We can’t put a date on it but they are aggressively working on reform. We will see it when they decide to show it to us. IMO, Iraq is waiting just as we are.
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rcookie (Dinar Guru) – Article: “Jubouri calling for the amendment of the Banking Act and the formation of a financial court” THIS WAS A BANKING ASSOCIATION CONFERENCE…WITH JABOURI ATTENDING AND ASSERTING NEED TO AMEND THE BANKING ACT IN PRIVATE BANKING SECTOR… SO WE KNOW WE NEED PUBLIC FINANCIAL MANAGEMENT LAW…2016 BUDGET LAW…CBI LAW…BANKING LAW…AND TWEAKING TO INVESTMENT LAW UPON PARLIAMENTS RETURN... [When would the next scheduled session for parliament be?] THE 28TH…UNLESS EMERGENCY SESSION CALLED…THATS WHEN FED COURT HEARS 2 PARL SESSION LAWSUIT.
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Millionday (Dinar Guru) – HERE IS AN INTERESTING POINT MADE BY CBI ADVISOR THAT I LIKE AND YOU WILL TOO… “He said the ” policy adopted by the Central is the emphasis on banks to make sure the money provided sources for the purchase of the dollar that is…he explained that” the other side, which emphasizes the central bank is trying to reconcile the preservation of foreign reserves requirements has reconciled with the market price to ensure the stability of the Iraqi dinar exchange rate against foreign currencies as an important function of the central bank. ” IN OTHER WORDS THEY ARE COMPLYING TO BASEL AND APPLYING THE CBI INITIATIVE WHILE ENSURING THAT THE BANKS FOLLOW THE RULES — INTERNATIONAL RULES.
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Dr. Clark (Dinar Guru) – …this thing’s going to be over by the end of September – for both Iraq & Vietnam, in our estimation. From now till then, will be the most exciting ride of your life – each day, day by day, watch it get better and better…
BGG ~ More big predictions… and this B.S. of putting Iraq in the same boat as Vietnam is utter NONSENSE.
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tlm724 (Dinar Guru) – Article: “World Bank: The new labor law in Iraq, acknowledged the international world-class” Quote: “the World Bank, said on Sunday that the new labor law in Iraq, acknowledged the international world-class sought the World Bank to be transferred to Iraq.” *hallelujah* I’m loving the WB right now…thats exactly what Iraq needed, someone to hold their hand and talk them through these complicated laws!
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Dr. Clark (Dinar Guru) – The VN Dong, is ready RIGHT NOW. They’re waiting on guess who? The U.S. through the IMF, to give them the green light. Why was Obama in VN for 3 days, 2 weeks ago? Why was the IMF in VN for 3 days a month earlier? Why is VN in the TPP? …Same type deal as Iraq. Iraq + VN = lots of money and success…
BGG ~ More B.S.
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Iraqi trade talks with Citibank to develop relations
BAGHDAD – Qusay, Monzer – Search 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). He said a statement received (time) yesterday that (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 and the recruitment and use these relations to serve the customers the bank and the provision of advanced banking services on a global level and to meet the development and reconstruction requirements the reconstruction of areas affected by the terrorist attacks)…
Read More: http://www.dinarupdates.com/blog/
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Millionday (Dinar Guru) – Article quote: “there are a lot of important laws , which should be approved by the House of Representatives , especially the amnesty Federal service laws in addition to the Federal Council Service Act, particularly the oil and gas law, which was deferred from previous sessions.” PARLIAMENT SESSIONS ARE ONGOING — NOT ON VACATION BUT ON GOING FOR RESOLVE…OIL AND GAS LAW CHANGES MADE — GOING TO WORKING PARLIAMENT…OBVIOUSLY THIS IS WHY THEY ARE WORKING AROUND THE CLOCK…ALL CHANGES HAVE TO BE SENT AT THE SAME TIME — THE GOAL IS TO ADDRESS ALL LAWS AT THE SAME TIME…ACCORDING TO CBI STATEMENT THE GOAL IS TO HAVE ALL IN PLACE WITH BANKS AND EXCHANGE RATES BY THE END OF JUNE BUT THIS IS IRAQ SO WE WAIT — NO GUARANTEES.
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rcookie (Dinar Guru) – [Cause its going to be worth a he– of a lot more thats why! ] IT IS… ESPECIALLY WHEN SOME OF THE SMALLER POLITICIAN CONTROLLED BANKS WERE CAPITALIZED WITH $7 MILLION AND ARE NOW RAISING TO $25 MILLION…THAT IS ALMOST 400%… AND REMEMBER WE HAVE IN INK THAT THE CBI IS INCREASING THIS CAPITALIZATION OF THE 1ST $25 MILLION…BY JUNE 30TH…TO ALL BANKS…AND FOR THOSE QUESTIONING…THE EXCHANGE RESTRICTIONS STATUS TOWARDS ARTICLE VIII…THERE ARE NOOOOOOO PROHIBITIVE EXCHANGE RESTRICTIONS OR MCP’S! [post 2 of 2]
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Delta (Dinar Guru) – Abadi is doing a lot of good things. Saleh says that things are going “according to planned” The LOI is going “according to planned”… The HCL was basically hidden from the citizens for a long-long time…but now is becoming more of a vocal topic. Iraq has 50 Billion in RESERVES…plus a mountain of GOLD! So…let’s see what happens in the next 2-3 weeks. Let’s see what happens with the Taxes and Tariffs. The IMF promised…that they’d have Iraq to “International” status. Did you know that B of A, and Chase are all buying IQD on international trading platforms. Citibank is now doing it too. There are too many fail-safe systems in place. To MOVE the IQD around the INTERNATIONAL WORLD…they must undock it from a PROGRAM RATE! Iraq WILL NOT fail this time!…IMO. In the still of the night, they will raise their currency. [post 2 of 2]
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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
Smart phone user link – Click here
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Delta (Dinar Guru) – The federal police, Interpol are arresting a lot of people inside of Iraq…particularly in certain cities. It is part of the anti-terrorism campaign. The anti-terrorism was needed inside of the GOI. Lots of countries have been helping Iraq to get back on the grid with full electricity. The IMF wants the banks in certain cities to be completely secure…which all lead to Mosul. They said that they are within weeks. Do you think the banks are ready in these cities? Give me Mosul…(I couldn’t be any more plain than that). You won’t see anything until you see Mosul! IMO…you won’t put lower-denoms into banks with ISIS still around. [post 1 of 2….stay tuned]
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rcookie (Dinar Guru) – Article quote: “…It revealed the Integrity Commission, on Sunday, the seizure of its teams to a group of members of the collection of amounts passenger transport at Basra International Airport, in the act of a crime acquisition of public money.” HERE FOLKS GETTING POPPED TRYING TO GET OUT OF THE COUNTRY WITH CURRENCY THROUGH BASRA AIRPORT…BILLIONS OF DINARS AND OTHER FOREIGN CURRENCY…NOW LET ME ASK YOU…YOU’RE AND IRAQI CROOK…READY TO TAKE IT ON THE LAMB AND GET OUT OF DODGE AND ESCAPE PROSECUTION AND AUTHORITIES… WHY WOULD YOU TAKE THE TIME TO SMUGGLE OUT A CURRENCY VALUED AT A TENTH OF A PENNY OUTSIDE OF IRAQ… [post 1 of 2….stay tuned]
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Mailman17 (Dinar Guru) – CONTRARY TO SOME RECENT POSTS, AS FAR AS THE IMF AND IRAQ RELEASING THE RATE IN MID JULY, AGAIN WE MUST REITERATE WHAT SHABS HAS SAID IN THE PAST. IRAQ WILL NOT RELEASE IN THE MIDDLE OF ANY QUARTER AND THE IMF AGREEMENT FOR THE LOANS CLEARLY STATE BY…AND I REPEAT BY MID YEAR…MID YEAR AND THE START OF THAT IS JULY 1. ALSO PLEASE REMEMBER THE NEWS WE GET MOST LIKELY IS DAYS IF NOT A WEEK OLD, WITH MOSUL BEING THE FINAL SECURITY PUZZLE PIECE. I ANTICIPATE THE RATE, WHATEVER IT MAY BE TO BE OUT BY JULY 1, THAT IS GOING BY WHATS IN INK. I SAID MANY YEARS AGO, THEIR FINANCES ALWAYS DICTATED A 1-1, WITH THE RATE MOST LIKELY BEING A MANAGED FLOAT.FINGERS CROSSED AS TO IRAQ HAVING THEIR CRAP TOGETHER. I HAVE NOT SEEN ANY NEGATIVE NEWS, ONLY SMOKE AS TO THEIR INTENTIONS. LETS SEE WHAT HAPPENS. AS ALWAYS…JMO
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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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Dr. Clark (Dinar Guru) – If it does not happen by 17th – we’d say there’s a 20% chance by 17th. No, this is NOT about Mosul. Mosul is important, but it’s just ONE Piece of this puzzle. It’s a good one, but not the whole enchilada by a long shot. By August 14, you’re going to see a major Political change in Iraq, that will lay the foundation for when we REALLY expect the official raising of the rate in Iraq to be. In fact, we think there’s a 99% probability that Iraq will raise their rate the LAST WEEK OF SEPTEMBER, and it will be well over $3.00 exchange rate outside the country, and closer to $4.00. It’s all about to go down in Iraq. But not in June, perhaps in JULY, Better in August and BINGO IN SEPTEMBER… [post 2 of 2]
BGG ~ Fairy Tale… complete jibberish…
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Dr. Clark (Dinar Guru) – [new Guru] How long will it be before Iraq gets the green light from the IMF, to officially raise the rate? (really the U.S. committee). It WON’T be in JUNE. We know this for a fact. However, there is a big, solid, huge piece of information that’s coming out in the next 5 days – by next Wednesday June 22, that will give you a massive shot in the arm, with factual information, as to how REAL this is, and a new indicator of timing. That timing, from what we know, has a shot – a probability – a good chance of a rate increase, by JULY 17th, especially that week leading up to the 17th. Forget about what the IMF indicated “by the 1st half of 2016”. It’s irrelevant. Things are going to start speeding up BIG TIME, after next Wed (22nd). BIG TIME. Lots of momentum… [post 1 of 2….stay tuned]
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Millionday (Dinar Guru) – Article 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)” SO OBVIOUSLY THIS IS THE MEETING…TO REMOVE THE BARRIERS THAT KEEP THE DINAR FROM BEING INTERNATIONALLY RECOGNIZED — NOT BAD AT ALL — WHOOOPOW
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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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rcookie (Dinar Guru) – THE WORLD BANK REVIEWED ALL OF THE OIL LICENSING CONTRACTS BACK IN NOVEMBER…MANY OF WHICH WERE REWRITTEN SO TO ADDRESS PAYMENTS OF ARREARS AND NEW PARAMETERS GOING FORWARD…BACK THEN ALMOST EVERY SINGLE OIL COMPANY WAS ANNOUNCING THE SCALED BACK REDUCTION TO OIL DEVELOPMENT PROJECTS IN IRAQ…LAST WEEK ALONE…LUKOIL ANNOUNCED…THAT THEY HAVE BEEN PAID…THEY ARE DOUBLING PRODUCTION AND INVESTMENT IN IRAQ...OIL WILL ALWAYS A DRIVING FORCE IN IRAQ…BUT REMEMBER THE 20 BILLION EURO PORT OF FAW PROJECT ALONE…IS FORECAST TO CREATE MORE JOBS AND REVENUES TO THE GDP THAN THE CURRENT OIL SECTOR NUMBERS..
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Poppy3 (Dinar Guru) – …RV…NEW RATE HAPPENING VERY SOON I CAN FEEL IT. COMPLETE CONFIDENCE.
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tlm724 (Dinar Guru) – Article: “Parliamentary Regions: …edit Fallujah gave the message “positive” and the key for the Liberation of Mosul” Quote: “…liberalization of Fallujah gave a positive message on the relations and ties and the overall political process is the key to the liberation of Mosul.” now thats great news!! they have to work together to get Mosul cleared as well!
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