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 – 06.23.2015

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Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone. – Frederic Bastiat

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*** Current News ***

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tlm724 (Dinar Guru) –   Article quote:  “…central bank adviser said Walid Idi, the central bank has more than $ 50 billion in reserve as well as gold, pointing out that this reserve covers imports over the period prescribed internationally recognized..”  Geared up and ready to roll out the International carpet!
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Shredd (Dinar Guru) –   Article quote:  “Governor “Yes, it is unfortunate that the banking sector we have is still in its infancy, far from the optimum international practices, and the use of the latest and best technology into the work…”   this is their pilot phase and a pilot happens right before a go-live implementation, really good to see this all fitting together.
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Iraqi Dinar/Dollar auction (most recent listing) 06-23-16

Currency Auctions Announcement No. 3227

This daily currency auction was held in the Central Bank of Iraq on the 06-23-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) –    A RETURN TO PARL IS NECESSARY TO VOTE ON THE LAWS AND INITIATIVES…THE MOST IMPORTANT SHORT TERM IS TO VOTE ON 2016 BUDGET LAW SO THE SBA LOAN MONEY IS ACCESSED AND DISBURSED…  [Do you think they can get all the laws needed passed in one session?]  YES…I DO ONCE THEY GET BACK…THEY ARE CUED AND WAITING…
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Stryker (Dinar Guru) –   See the IMF loan approval is the start of so many other means that will not only kick start Iraq’s economy but will put Iraq into the International Markets, and there is when the CBI will change it’s monetary framework more inline with international standards, with a real exchange rate that will be used internationally as described in the Minister of Plannings feasibility study of 2011. And then (IMO) we will see the deletion of the zeros from our hands and transferred into something that we can spend to kick start our own personal economies!  They just need to get all economic reforms launch to get us all there…   [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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Stryker (Dinar Guru) –  Article:  “Council Baghdad reveals a halt investment projects in the capital for “lack of ” allocations”  This is why they need the IMF SBA loans approved and the other loans that will come from places like the World Bank and other lenders that will follow from this IMF board approval. The many loans will provide Iraq with the much needed funds to kick start payments on the arrears, that then will help give Iraq a better credit rating, that then will give them a better market for their bonds and a sustainable return for those bond investors. The loans will then start these stalled projects, putting people back to work and these loans will help the CBI with their private sector loans as well, that will put even more people back to work.   [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) –   tariffs are a revenue item…same as the selling of oil. The use of the currency at its true value is only relative to its use outside of the country. In other words, if the IQD is used outside of the country to settle foreign remittances at its current artificial/imposed value then two things take place; 1) the costs of imported goods remain high, and 2) the CBI runs out of IQD because Iraq has to exchange at a 1,000s of times high amount than there are IQD available to the CBI.
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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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Bondlady (Dinar Guru) –    …the Iraqi people …now…are taxed with the tariffs making things harder…they need to do something with there currency soon…imo this cant go on much longer and IT WONT…Wink…now that imf and others now in Iraq fixing what these clowns did to the country and people…it didn’t happen over night an it will take time to fix…its all moving so quickly now I believe were in the home stretch and finally seeing awesome progress!  IMO.
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rcookie (Dinar Guru) –   THE RAMADAN FESTIVAL OPENS NEXT WEEK AND RUNS FROM JUNE 26TH TO JULY 10TH…AT THE BAGHDAD INTERNATIONAL FAIR…AND FOCUSES ON REGIONAL AND INTERNATIONAL INVESTMENT ONLY...THEY TALK ABOUT CREATING THE ENVIRONMENT FOR PUBLIC & PRIVATE SECTOR PARTNERSHIP AND GATEWAY TO IRAQS NEW AVERSION TO ATTRACT INTERNATIONAL CAPITAL.
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rcookie (Dinar Guru) –   Article quote:   “…the Committee’s Deputy Najib, answered for the balance of the news/”was ratified many conventions during the current parliamentary session,” stating that “90% of agreements, including economic and investment cooperation and exchange of experiences.”  SO HERE IS MORE EVIDENCE OF PARLIAMENTARY WORK BY COMMITTEES ONGOING BEHIND THE SCENES...AND BEARING FRUIT TOWARD IMPORTANT INVESTMENT AND ECONOMIC ISSUES…90%!! AGREEMENTS CONCLUDED! AND MENTION BANKING AND BANKING TRANSFERS!
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rcookie (Dinar Guru) –   Article:  “Securities Commission decided on Monday to suspend the contribution of seven companies from trading for “failing to comply with the instructions of financial disclosure,”  THE SECURITIES COMMISSION HALTING TRADING ON COMPANIES DUE TO FINANCIAL DISCLOSURE REPORTING VIOLATIONS…THIS IS A TEXTBOOK EXAMPLE OF STARTING TO APPLY IAS INTERNATIONAL ACCOUNTING STANDARDS…AND IFRS INTERNATIONAL FINANCIAL REPORTING STANDARDS WHICH DEAL WITH THE TIMELY TRANSPARENT REPORTING OF FINANCIAL DATA REPORTING FOR PUBLICLY TRADED COMPANIES…AND REMEMBER BEEN APPLICABLE SINCE JANUARY 7TH…AND RUNNING PARALLEL WITH THE EXPECTATIONS OF TIMELY…ACCURATE TRANSPARENT FINANCIAL & ECONOMIC DATE THE INT’L AGENCIES ARE EXPECTING FROM IRAQ…WB… IMF…WTO…
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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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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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