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 | 1312.256 | 1311.600 |
| British pound | GBP | 1594.282 | 1593.484 |
| Canadian dollar | CAD | 908.602 | 908.147 |
| Swiss franc | CHF | 1211.066 | 1210.460 |
| Swedish krona | SEK | 139.365 | 139.296 |
| Norwegian krone | NOK | 141.091 | 141.020 |
| Danish krone | DKK | 176.394 | 176.306 |
| Japanese yen | JPY | 11.487 | 11.481 |
| Special Drawing Rights |
SDR | 1653.429 | 1652.602 |
http://www.cbi.iq/
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Three groups spend other people’s money: children, thieves, politicians. All three need supervision. – Dick Armey
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*** Current News ***
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BGG – [So, are you saying that it is not postponed?] “delayed” implies someone – somewhere knew of or implies knowing a particular date of execution. There is NO SUCH THING…we are still here and in good position for a profit when Iraq’s currency is re-aligned (with the world). However, I can honestly say – I am not the only researcher WILDLY excited about where we are in this thing right now.
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Mountainman (Dinar Guru) – Because LOANS are Flowing to Them as they Meet Standards of Compliance = Not just the IMF but as We saw A few Days Ago, the USA even is Looking At Extending Payments on “FIGHTER JETS”, Even KUWAIT joined in on the “FUTURE Payment BANDWAGON” etc… IRAQI’S STAND STRONG and UNITED, Your (Needs) P.M. ABADI says will be Met In the COMING DAYS = Your ECONOMIC REFORMS After EID = July 8…Will A NEW RATE be SEEN by Us {ALL}…? Yes, I Believe The CITIZENS will Get (WHAT) was Promised to them From ABADI and the International World = Their PURCHASING POWER…
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Mountainman (Dinar Guru) – Article: “Minister of Trade and agency relations with China and the solid volume of trade exchange between the two countries in the rapid development” CHINA and IRAQ both (UNDERSTAND) their Respective Realities and the TIMING as Well…therefore, as The FALL Approaches and NEW LEAVES “Turn” their TRUE COLORS…A New DIGITAL PLATFORM Awaits [ALL] Countries on Sept 2, 2016… So the THEME of (NOW) Implies Other Realities for IRAQ and This “COORDINATION of REHABILITATION”…[WHY]…? [post 1 of 2….stay tuned]
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Enorrste (Dinar Guru) – To sum up: the IMF is pushing the plan forward. The increase in taxes is bringing money out of the mattresses. The loans will force Iraqi businessmen to use banks. The increased economic activity will interest foreigners. All of this will have an upward pressure on the value of the dinar over time. Of course the time frame is our concern. It doesn’t appear that the IMF will bring Iraq into the “real world” by the middle of this year. Hopefully by the end of this year we will see movement in that direction. [post 4 of 4]
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Enorrste (Dinar Guru) – Finally, with respect to the introduction of the 50k note, I would disagree …that it increases the money supply. It is not as if the CBI is just handing out these new notes to people, which would in fact increase the money supply. Instead, the notes are purchased by people who are holding smaller denominated notes. The net affect on the money supply is zero. The smaller notes go to the CBI, who issued the larger notes, and will sit there until they are destroyed, if they haven’t already been destroyed. In any case, they are no longer floating around in the money supply as we know it. [post 3 of 4….stay tuned]
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Enorrste (Dinar Guru) – Third, we read that $7 billion worth of dinars will be loaned out. What is the effect of this? The first thing is that to get the money you have to use a bank. The second is that the money will be loaned out to specific individuals for specific purposes, thus directing money into the economy where the government (read IMF here) wants it to go. And, third, the money will be loaned out over time. This is important because it need not increase the money supply at all. Instead it will increase economic activity which will lead to an improvement in the value of the dinar (the stated goal of the IMF). It will also make Iraq more attractive for foreign investors as they start to see things moving in Iraq economically. In short, this is a “stimulus” package of sorts created by the IMF to kickstart some serious economic growth in Iraq. [post 2 of 4….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 06-29-16
Currency Auctions Announcement No. 3231
This daily currency auction was held in the Central Bank of Iraq on the 06-29-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 30 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 141,756,285 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 141,756,285 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Enorrste (Dinar Guru) – Article: “Parliament: the signing of Iraq to loans require him to impose extra taxes on the citizens needed to be reviewed” First, I believe that it is obvious that this is all being directed from the IMF. As trustee of the CBI they are fully in control now, in my view. I see this, then as a positive move. How, then, can raising taxes on the people of Iraq be seen as a positive move? The answer is in the articles themselves. First, only the wealthy are being taxed. Anyone on government assistance is excluded. Second, we read in the articles…that the goal is to get the money out of the mattresses. Obviously asking the wealthy to do this isn’t working. How else can they do this? Simple: tax it away from them. In doing so the government increases its revenuewhile at the same time possibly reducing the money supply (to the extent that they don’t spend it). [post 1 of 4….stay tuned]
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Stryker (Dinar Guru) – Iraq new 500-dinar note with Kurdish reported. The 500 dinar banknote will be the largest denomination once this all goes down, so there’s no need to add the Kurdish language to the three zero notes because they will be deleted from circulation over the next few years once they roll out the new lower denominations.
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rcookie (Dinar Guru) – THE THINGS THE IMF IS REQUIRING TO GET DONE…LEGISLATIVELY…ARE REVISION OF 2016 BUDGET LAW…REVISION OF CBI LAW…VOTING OF PUBLIC FINANCIAL MANAGEMENT LAW….BUT WE NEED PARLIAMENT BACK TO WORK…YESTERDAY!!
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Mountainman (Dinar Guru) – IRAQ and the USD are Moving On UP TOGETHER…for IRAQ is Pegged to It…The TIME is Not Yet to be Seen…Just because IRAQ hasn’t Changed YET…Doesn’t Mean their (Turn) isn’t About to TURN OVER RED ROVER…{ALL} this is A GLOBAL HEAT WAVE of TIMING…from the EAST to the WEST…A GLOBAL MELT DOWN w/ A Designed PRECISE {COUNTDOWN}…IMO
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Iraqi Dinar/Dollar auction (most recent listing) 06-27-16
Currency Auctions Announcement No. 3229
This daily currency auction was held in the Central Bank of Iraq on the 06-27-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 30 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 140,489,450 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 140,489,450 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – Article: “Parliamentary Economy: edit Mosul will stimulate investment and the private sector in the country” “GIVE ME MOSUL…AND WATCH THE REFORMS PICK UP AT A VERY VERY VERY QUICK… PACE…” We told You this a month ago but take heed …THEY NOW TELL YOU OUR… KEYWORDS.
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Aggiedad77 (Dinar Guru) – Article: “Parliamentary Economy: edit Mosul will stimulate investment and the private sector in the country” …once the primary flag is planted in Mosul...the reforms start moving…hot and heavy…at an unheard of pace…by this stimulation….they create jobs…jobs for the Iraqis…that is what will truly stimulate things within Iraq…that is a great thing for everyone…them and us.
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Governor of the Central Bank’s (range): precautions at a good level
(conducted the meeting: Zahraa Hamid)
Maybe it raises talk in economic and financial affairs many Hjona the followers, he is the modern-related livelihood daily per capita and how to get the economy moving, which faces many pitfalls impede progress, including currency and dinar speculation Exchange at the price of the dollar and the auction currency that turned him raised a lot of doubts and questions, in addition to work civil and foreign banks and remittance, and how to get out of the financial crisis that has plagued Iraq, and even the recent international Monetary Fund loan with falling oil prices and its consequences, as the sole supplier, which had a negative impact on the central bank’s reserves amount of foreign currency, According to specialists may not the reserve covers three months import of Iraq.
All these and other files open the “long” in a private meeting with the governor of the Central Bank of Ali Ismail Keywords…
Continued at bottom of THE BLOG(long read)…
Read More: http://www.dinarupdates.com/blog/
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BGG (Dinar Guru) – It looks abundantly clear to me – once the IMF support package and IMF oversight was in place, the political climate in Iraq changed almost overnite. Not perfect, but everyone was moving like something is on the line…which…it is. Iraq is moving politically, against corruption, against ISIS (this has to be at the behest of the IMF/WB – who will insist the Sunnis be relieved of this oppression) and in favor of a market economy. BIG TIME!
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mike (Dinar Guru) – The road to the dinar appreciating is a process. There are no buttons to push or instant actions that will make it happen. The first thing we need is the cooperation and the functionionality of Parliament, nothing will happen with the dinar until Parliament can re-convene and learn to negotiate and cooperate. The above article is great, it shows that the banks are ready to begin the process, but the banks don’t make the decisions, the government does. All these feel good articles are nice, but until I see the government working together, that’s all they are, good intentions. [post 2 of 2]
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The Central Bank pulls a vacation of two companies, one to sell the dollar, “betrayed the trust”
Alsumaria News / Baghdad – Central Bank announced on Monday the withdrawal of two companies leave, attributing the cause Bmkhafatthma what he described as “serious” and the other for “cheating Secretariat”, while trade demanded the cancellation of granted them certificate of incorporation.
The bank said in a statement Alsumaria News received a copy of it, “decided to leave the company to withdraw across the Gulf, to mediate in the sale and purchase of foreign currency granted to them”, adding that “the company violated work rules and betrayed the trust”.
A slight increase in central bank sales to reach $ 115 million
The central bank is required to reduce dollar sales for citizens wishing to travel
He said the bank, that “the company contracted to transport the health of residents of Nineveh staff salaries in Erbil and acquired those salaries illegally,” noting that “the amount that is acquired it is 11 billion and 432 000 466 thousand dinars.”
He said the bank “also decided to withdraw leave tamarisk company to broker the buying and selling of foreign currency as a result of serious irregularities with the terms of the granting of leave in respect of doing foreign remittances to different capitals.”…
Read More: http://www.dinarupdates.com/blog/
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mike (Dinar Guru) – Article: “Document .. Khawla al-Asadi director of Rafidain Bank Agency” The writings been on the wall for years…some of the articles from 2012 when Shabibi was still around you can almost feel the change in the dinar coming, but the government got in the way. Nothing’s changed since 2012, the government is still in the way. The IMF can’t drive or force Iraq to do anything, Iraq is a sovereign country and they’ll do exactly what they want to, western banking or not. Would it benefit them to appease the IMF and WB? Sure! I mean, if they say the right things and try to do some of what’s requested, they’ll get access to $15 billion dollars, that’s a heckuva incentive. But let’s face it, the IMF has been telling them to do things for years and nothing’s been done yet, so I wouldn’t hold my breath on that front. Clearly these folks have a problem honoring the deals they make, all you have to do is look at the Paris Club and the repayment arrangements with Kuwait, both of which they’re not honoring. [post 1 of 2….stay tuned]
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SteveI (Dinar Guru) – With the IMF agreement in place and Iraq desperately needing the money, I am just not sure how this will all play out. Iraq…seems to have maneuvered around many agreements in the past. Maybe this is different because the world is watching. Yet to be seen. I have to admit and agree, things are looking better and better every day. I am very excited about July, but still very cautious… Exciting times ahead!
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