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 |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1346.180 | 1345.507 |
| British pound | GBP | 1760.234 | 1759.354 |
| Canadian dollar | CAD | 926.913 | 926.450 |
| Swiss franc | CHF | 1236.919 | 1236.301 |
| Swedish krona | SEK | 143.727 | 143.656 |
| Norwegian krone | NOK | 144.761 | 144.688 |
| Danish krone | DKK | 180.947 | 180.857 |
| Japanese yen | JPY | 11.295 | 11.289 |
| Special Drawing Rights |
SDR | 1680.615 | 1679.775 |
http://www.cbi.iq/
Indicative rates – 06.26.2015
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Personally I’m always ready to learn, although I do not always like being taught. – Winston Churchill
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*** Current News ***
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Breitling (Dinar Guru) – Question: “What effect does the Brexit have on the dinar world and our investment? ” The UK leaving the European Union has a lot to do with everything. If you’re an American it’s fantastic news. …How is Iraq going to add value to their currency? What do they keep reporting that says hey you need to take our currency seriously? Because what? They’re reducing the note count…supply times velocity… It means the biggest threat to the US dollar for competition wise was just crushed…the Euro-The European Union. How does that impact the currency that we’re invested in in Iraq? Iraq is all in for the US dollar. It is backed 100% by the US dollar. They believe in the US dollar. Their economy is built on the US dollar and the representation of that will be the dinar. What a remarkable thing that is.
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Millionday (Dinar Guru) – Article quote: “…Washington announced its intention to host a conference of donor countries to support Iraq in the twentieth of next July…” WASHINGTON IS HOLDING A FUNDING CONFERENCE TO GET MONEY FROM ALL COUNTRIES TO FUND THE REPAIR THE WAR CAUSED THROUGH THE DISPLACED THE MANY PEOPLE THAT NEED TO GO HOME AND NEED ELECTRICITY FOOD ETC. THIS IS ALL ABOUT IRAQ BEING BROUGHT BACK TO STABILITY IN A HUGE HURRY. THIS IS A MEETING (ANOTHER) THAT IS TO BRING IRAQ BACK FROM ALL DAMAGE AND ALSO FROM ISSUES THAT IMPACT THEIR MONEY–VALUE–RETURN ETC. THIS IS WHAT I AM SO VERY EXCITED ABOUT. WE ARE SEEING MANY MEETINGS ABOUT IRAQ’ RETURN. …I HAVE TO SAY — THIS IS FANTASTIC NEWS… WHOOOPOW.
BGG ~ WHOOOPOWIE – KAZOWIE!!
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www.DinarUpdates.com – save as favorite!
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Arthur (Dinar Guru) – I HAVE CONTINUED MY CONVERSATIONS WITH ALL THE CONTACTS I HAVE THAT HAVE ANY REAL KNOWLEDGE ABOUT THE BREXIT SITUATION BOTH HERE IN THE US AND IN BRITAIN. I…THINK THIS HAS DISCERNIBLE IMPLICATIONS FOR OUR INVESTMENT. THE UNPREDICTABILITY AND UNCERTAINTY OF THIS EVENT HAS NO DOUBT CAUSED A DISCERNABLE RIPPLE IN THE PTB’S PLANNING AND TIMETABLE. ANY THOUGHTS OF FURTHER DELAYING THE RV ON SOME HERETOFORE SELF-SUITABLE TIMING HAS WENT OUT THE WINDOW. IMO WE ARE NOW GONNA SEE SOME REAL SERIOUS MOVEMENT TO GET THE GLOBAL REVALUATIONS STARTED IN EARNEST WITHIN THE NEXT 30 TO 90 DAYS.
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rcookie (Dinar Guru) – SO…STATE OF LAW MP JAAFAR ASSERTS THAT THE ABADI REFORM PLAN WILL BE IMPLEMENTED AFTER EID AND NOTED… ”HE WILL WORK TO OPEN THE PROSPECTS FOR INVESTMENT AND SOLVING THE ECONOMIC & FINANCIAL PROBLEMS IN THE COUNTRY”…NUF SAID…[All coming together quickly…] AGREED …AND AT LIGHTNING SPEED!!.
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mike (Dinar Guru) – Article: “Khawla al-Asadi” The new Director of the Rafidain Bank officially takes over” This is good stuff and long overdue. Hopefully, Abadi will now turn his eyes to the 1,000 other proxy positions. If Parliament can’t work together to approve Abadi’s appointments, he should just start replacing the whole lot and not wait for Parliament to get it’s act together.
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Iraqi Dinar/Dollar auction (most recent listing) 06-26-16
Currency Auctions Announcement No. 3228
This daily currency auction was held in the Central Bank of Iraq on the 06-26-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 139,237,114 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 139,237,114 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Mountainman (Dinar Guru) – [I keep hearing about the Taxes and Tarrifs…Could someone please explain the significance of why it is a good thing if they did come out?] It Means that IRAQ has to have A NEW RATE to be Used on the PRICING of their PRODUCTS for GLOBAL TRADE and because They were at A Program Rate of 1166 = about 8/10th’s of a USA PENNY…There (MUST) be A Change and the World Trade Organization would have Already {KNOWN} and has Given them = IRAQ, their International Codes used in the UNIVERSAL COMMERCIAL CODES/SWIFT as well for GLOBAL TRADE.
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mike (Dinar Guru) – Article: “No justification to the Federal Court to delay the resolution of the legitimacy of the parliament sessions” This just blows me away, how are they still trying to figure this out? Parliament was in chaos that day, by all accounts, there was never enough MP’s to achieve quorum but here we are, still arguing about it. Iraq hasn’t achieved Parliamentary quorum since April, that’s over two months now and if they don’t get this deal straightened out by the end of Ramadan, Parliament will continue with the dysfunction. At some point, Abadi has got to start acting like the PM and get the judicial and legislative branches of his government on track. All you have to do to create political paralysis in Iraq is create a bogus complaint and present it to the crooked judicial system and all progress stops dead in its tracks. There are many who are opposed to Abadi’s plans regarding the reforms and so far, those opposed are winning the battle. Your move Abadi.
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rcookie (Dinar Guru) – IN ADDITION TO THE PERFORMANCE REVIEWS THAT IRAQ GOES THROUGH TOWARD THEIR SMP PERFORMANCE AND GOALS…REMEMBER WHAT OTHER REVIEW THEY PARTICIPATE IN AND THE INTERVAL…Article IV Consultation…Iraq is on the standard 12-month consultation cycle. The last Article IV consultation was concluded on July 29, 2015…SO WHAT DOES THIS TELL US…IF THE SMP THAT QUALIFIED THEM TO RECEIVE THIS 18 BILLION SBA ENDS IN 2016… [IS THIS THEIR LAST ONE?] TELL EM WHAT HES WON JOHNNNY! THINK OF IRAQ AS HAVING GONE AND GRADUATED FROM UNDERGRAD SCHOOL…GONE ON AND GOTTEN THEIR MASTERS…WENT FURTHER AND EARNED THEIR PHD…AND NOW HAVE TO GO OUT INTO THE GLOBAL MARKET AND APPLY WHAT THEY HAVE LEARNED! [post 2 of 2]
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rcookie (Dinar Guru) – OK…THERE HAVE BEEN A LOT OF QUESTIONS…DISCUSSION AND RUMORS CONCERNING IRAQ POSITIONING IN EARNING AND RECEIVING ACCESS TO THEIR IMF SBA LOAN UMBRELLA…OFF OF THEIR IMPECCABLE PERFORMANCE IN THEIR SMP (STAFF MONITORED PROGRAM) THAT STARTED IN JAN 2015…AND RUNS THROUGH DEC 2016…REVIEWS ARE WHAT WE MEASURE AND WEIGH IRAQS PERFORMANCE AGAINST TASK IN THEIR SMP…THE SCRUTINY THEY HAVE BEEN UNDER IN MORPHING THIS NATION…CULTURE…AND ECONOMY SINCE 2004 IS STUNNING! SCRUTINY AND GUIDANCE AND TECHNICAL ASSISTANCE FROM WTO…IMF…WB…UN… SIMPLY AMAZING…AND WE ARE ALL FORTUNATE TO BE TAKING THE RIDE WITH THEM! [post 1 of 2….stay tuned]
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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:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 135,861,364 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 135,861,364 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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firefly (Dinar Guru) – Like I said, June will be a VERY interesting month … (or did I say “a very hot month).
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rcookie (Dinar Guru) – Article: “Parliament will hold its sessions before the feast of the Federal Court and got to separate appeal at its” NATIONAL ALLIANCE MP ZAIDI ANNOUNCES THE HOR WILL RESUME AT END OF LEGISLATIVE RECESS (JULY 1ST) BEFORE EID HOLIDAY…AND OUTLINES THE FEDERAL COURT RULING ON 2 SESSIONS SUBMITTED SUNDAY BY COURT PREPARER… AND RULED ON TUESDAY…FOLKS THIS IS GOING TO GO DOWN IN THE NEXT 4 DAYS…WITH THE DIRE NEED OF PARLIAMENT TO BE RE-ENGAGED TO GET VOTING ON WHAT THE IMF WANTS DONE TO GET THE SBA LOANS…PUBLIC FINANCIAL MANAGEMENT LAW…REVISED 2016 BUDGET LAW…CBI LAW… INVESTMENT LAW AMENDED…AND BANKING LAW… [No voting…no loans…] NO SOUP FOR YOU! [SO THEY COME BACK ON THE 1ST AND VOTE?] THATS WHAT THE MAN SAID.
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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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Millionday (Dinar Guru) – Press release quote: “…the Iraqi Foreign Affairs Ministry, said, “Iraqi Foreign Affairs Minister Ibrahim al-Jaafari received the US Ambassador to Baghdad Stuart Jones today. During the meeting they discussed about the bilateral relations between Baghdad and Washington, the latest security and political updates and the war against ISIS.” THEY INTEND TO KEEP EVERYTHING SECURE AND ARE VERY HAPPY IN THE SUCCESS AND PROGRESS — EXACTLY WHAT WE WANT TO SEE ALONG WITH EVERYONE ELSE. LOVE IT WITH THE CBI ADVISOR BEING SO HAPPY TOO – WHOOOPOW…SO THIS IS GREAT NEWS EVERY WAY YOU LOOK AT IT.
BGG ~ Really?!? Exactly who, in this piece is an advisor to the CBI?? Where does it say “he/she or they” IS HAPPY??
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rcookie (Dinar Guru) – A RETURN TO PARL IS NECESSARY TO VOTE ON THE LAWS AND INITIATIVES CUED UP AND AWAITING…THE MOST IMPORTANT SHORT TERM IS TO VOTE ON 2016 BUDGET LAW SO THE SBA LOAN MONEY IS ACCESSED AND DISBURSED…
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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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rcookie (Dinar Guru) – Article: “Document” Finance Minister issued a ministerial order appointing directors of the Rafidain and Rasheed” SO…WE HAVE NEW DIRECTORS OF RAFIDAIN AND RASHEED BANKS APPOINTED BY MoF ZEBARI…REMEMBER…ABADI JUST CLEANED HOUSE LAST WEEK…BUT WHY IS ZEBARI ANNOUNCING THE NEW DIRECTORS…WHO OWNS RAFIDAIN AND RASHEED BANKS…THE MINISTRY OF FINANCE. I THINK THEY ARE BEING POLISHED AND STAGED FOR A REVEAL.
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firefly (Dinar Guru) – Article: “Doaash in Mosul surrendered to security forces” Love it!
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rcookie (Dinar Guru) – THE 2010 CUSTOMS AND TARRIFFS HAVE BEEN AND ARE AT HIS VERY MOMENT ACTIVATED AND BEING COLLECTED...WHAT WAS DELAYED WAS THE NEW INCREASES TO CERTAIN GOODS CHANNELS…
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wmawhite (Dinar Guru) – Article: “Iraqi trade talks with Citibank to develop relations” Quote: “…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)...” here is a review of earlier news: THE REPORT THE OTHER DAY ON EU LINED UP FOR BASRA AND NOW… Article: “Baghdad confirmed its success in attracting international companies to implement investment projects…” Combine this with such news as the Citibank/TBI talks and the Bahrain Bank buying up additional shares of the TBI. If this doesn’t get you excited…then…call 911!
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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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SteveI (Dinar Guru) – …our investment…is approaching the final stages of completion.
BGG ~ More “secret fabrications” from Steve…
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firefly (Dinar Guru) – My thoughts are that the IMF and IRAQ completed their agreements that IMO would bring us what we have been waiting for…Remember…NOBODY knows the date…But…IMO…Something HAS to give and FAST!
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Aggiedad77 (Dinar Guru) – Article: “Parliamentary investment: international loan will need to be Iraq’s compulsory international economic conditions and standards” Quote: “borrowing from the International Monetary Fund makes Iraq mandatory international standards and is committed to the conditions” IMF loans paving way here it seems for Iraqi inclusion with international standards… Rest assured that the IMF does nothing on a lark…they are like a bank…they want a return on their investment…these loans they make to Iraq…they know they must hold “junior’s” hand…March to the IMF tune they will if they expect to get these loans…march into the implementation of international standards…the BEST is yet to come…soon.
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