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 | 1311.074 | 1310.419 |
| British pound | GBP | 1555.630 | 1554.852 |
| Canadian dollar | CAD | 908.113 | 907.659 |
| Swiss franc | CHF | 1203.789 | 1203.187 |
| Swedish krona | SEK | 138.708 | 138.639 |
| Norwegian krone | NOK | 140.224 | 140.153 |
| Danish krone | DKK | 176.271 | 176.182 |
| Japanese yen | JPY | 11.476 | 11.470 |
| Special Drawing Rights |
SDR | 1645.273 | 1644.450 |
http://www.cbi.iq/
Indicative rates – 07.13.2015
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I miss the days when you couldn’t be sent to prison for not paying the fine you got for not being able to afford health insurance ~ BGG
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*** Current News ***
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Frank26 (Dinar Guru) – Abadi is keeping his promise…the IMF gave Iraq certain loans already…they are now ready to give them an international loan…that is a completely different story…first remove all the restrictions on your currency then we will give you these loans…the big one…it is the big international loan that is now waiting to be given to them and it is in the billions… the IMF is pointing the finger straight to Parliament…telling them..you want these loans…finish the reforms…finish the Monetary Reform…so IMO…Iraq is removing the final restrictions on the exchange rate…because they are Article 8 compliant IMO…and we sit very quietly waiting for them to announce this to you…you see the evidence from 500 IQD notes and 250 IQD notes…and you will see more soon. [post 2 of 2]
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Dinar Updates “The After Call” – LIVE!!
“Immediately following News Time!!”
7/13 – LIVE CALL w/Q&A!!
641-715-3640 pin#528733
from 7/10 – Smart phone user link – Click here
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Frank26 (Dinar Guru) – [Guru] DELTA came…and said…they just announced to the Iraqi citizens on Iraqia television that they are introducing the 500 IQD note to…the Iraqi citizens….this is the one with the Kurdistan language on it…So what else were we looking for…more of these LD’s…then once again DELTA comes…they just announced on Iraqia television the 250 IQD note…you understand the power behind this…these are lower denoms… they are introducing the currency without the 000’s. We see things coming together…we no longer seek the liberation of two cities…we now only seek the liberation of the program rate of the Iraqi dinar…it is important that you realize that Abadi said that as soon as they got back from Eid, they were going to do the reforms very quickly…they are doing them… [post 1 of 2….stay tuned]
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Poppy3 (Dinar Guru) – […I was so excited when I saw the posts about the 1.18 in Iraq…] THATS WHAT I RECEIVED SEVERAL TIMES…I WAS ALSO TOLD THAT IS NOT A RV RATE OF ANY KIND AND IT WOULD BE A MINIMUM BASE FOR THEM TO WORK FROM BUT THATS A GREAT START… PERTAINS MORE TO FULFILLING THE BUDGET REQUIREMENTS. WE WAIT FOR ACTIONS TO BRING FORTH THE FACTS. I HAVE NEVER HEARD ANYTHING FROM ANYONE OFFICIAL THAT HAS ANYTHING TO DO WITH SETTING A RATE STATE ANYTHING ABOUT A FLOAT. THEY HAVE ALWAYS MAINTAINED A REASONABLE, MEDIAN RATE THEY KNOW THEY CAN MAINTAIN AND GROW THEIR ECONOMY FOR AT LEAST 24 MONTHS BEFORE THEY ALLOW A MARKET ECONOMY FLOAT PERIOD.
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Adam Montana (Dinar Guru) – …we are done with Ramadan and the celebration of the end of Ramadan. Nothing major has sprung up since the end of the holiday, but I do find it interesting that today’s Parliament session included these items: “Ninth: report and discuss the draft law on ratification the Convention on Avoidance of Double Taxation Law and exchange of information with respect to taxes on income and capital … ” “Eleventh: Report and discussion of the draft law of the government banks. (Finance Committee, Legal Committee )…” Why would we be hearing about these things if they planned to stay poor? I don’t think they would. What we really want to hear about is the HCL…
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Don’t MISS – “DU 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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tman23 (Dinar Guru) – [Sadr is getting Mad again….Not passing laws…not opening up the economy…floating Bonds…borrowing money from the IMF…Taxing Imports…Now talking about raising taxes on citizens…Not good.] This Friday the people will be gathering…July 20th is a date set where as they are planning 10 million citizens to gather and over-throw the government of Iraq for …LACK OF SERVICES AND WELFARE… TICK-TOCK! At this point they have to give the citizens something other than laws and empty promises…They need something tangible…REAL…And nothing in their country shows a promising future to them…. In other words they need instant gratification…the only thing that they all share in is the use of currency…AND IT IS JUST THAT SIMPLE!
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BGG (Dinar Guru) – [Todays parliament meeting…on the whole package laws.] personally – I don’t think that is what we are waiting on – good for Iraq, yes. Required for us… I doubt. [Do you think there is ANY chance they will lop?] I do not.
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Kaperoni (Dinar Guru) – Article quote: “…the diagnosis of the priorities of the suffering of the banking sector requires the central bank and the relevant authorities to draw and to develop mechanisms and procedures for processing during the year 2016…” […it seems the CBI is prepped and almost ready….wouldn’t you say…?] I think the CBI has been ready for a while…The GOI/Parliament needs to get their part done. Pass laws!
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Upgrading of Iraqi currency …
(A very special thanks to Holly1 for sharing such an insightful conversation with her personal, direct contacts – this is excerpted from a FaceBook conversation with a group of Iraqi bankers and economists)
Ahmed Salami
– Dinar plastic (polymer)
– restructuring of the Iraqi currency
Re – evaluate the value of the dinar…
Read More: www.dinarupdates.com/blog
BGG: Oh wow!! Great stuff!! However, I find still it AMAZING how these ignorant “guru types” wait for our people to dig stuff like this up (Thanks so much Holly)… give them no credit for it… wait for our other people to comment on it (Doing a 3 hour News Time and “After Call” on it). Study up… then are still so ignorant (or drunk) on the subject matter, they COMPLETELY BUTCHER the whole concept of what is going on here…
WAKE UP PEOPLE!!
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rcookie (Dinar Guru) – Article: “Resumed the House of Representatives, on Tuesday, the opening of its first legislative term of the third legislative year in the third parliamentary session.” SO PARLIAMENT MET SUCCESSFULLY UNDER JABOURI…GOT THE 1ST ONE OUT OF THE WAY…DISCUSSED SECURITY FILES AND ISSUES… [did they vote on anything…thats what we need?] NO…NO VOTES BUT READ A FEW LAWS…
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Holly1 (Dinar Guru) – …WHAT IS GOING ON IN IRAQ …CANT MAKE IT AT 1182 NO WAY NO HOW … THEY NEED STEPS AND A HUGE ONE PEOPLE DEMANDING A NEW PRICE OF THE DINAR IMO.
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firefly (Dinar Guru) – the wait is not important…what is important is they are now telling us in detail what is occurring.
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Iraqi Dinar/Dollar auction (most recent listing) 07-12-16
Currency Auctions Announcement No. 3237
This daily currency auction was held in the Central Bank of Iraq on the 07-12-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 18 |
| Number of remittance companies | 0 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 24,240,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 24,240,000 |
| Total offers for selling (US$) | —– |
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Iraqi Dinar/Dollar auction (most recent listing) 07-12-16
Currency Auctions Announcement No. 3238
This daily currency auction was held in the Central Bank of Iraq on the 07-12-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 95,137,300 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 95,137,300 |
| Total offers for selling (US$) | —– |
More: https://dinarupdates.com/observer/
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rcookie (Dinar Guru) – Article quote: “Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank.” …THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES….OFFERING ONE STOP SHOPPING BANKING SERVICES…THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006…THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT.
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mike (Dinar Guru) – Article: “The government is considering increasing the tax rate on employees” …this ain’t going over well with the people. I can see Sadr now standing up on his soap box denouncing the government for this act. At every turn they do everything they can to not pass the laws, open up the economy and get the currency internationally recognized. Instead, they float bonds, borrow money from the IMF, tax imports and now they’re talking about increasing taxes on the citizenry. This ain’t the right direction Iraq.
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BGG (Dinar Guru) – […have you seen the article about Upgrading your currency…if so what is your take on that? …the numbers are align up with yesterdays discussion with the Iraq banker…] …if they are discussing this – in that frame of reference privately – this is SERIOUS. I am excited.
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Dinar Updates “The After Call” – LIVE!!
“Immediately following News Time!!”
7/10 – LIVE CALL w/Q&A!!
641-715-3640 pin#528733
Smart phone user link – Click here
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rcookie (Dinar Guru) – Quote: “... forcing banks to deploy ATMs in every province… and the introduction of credit cards for banks digital money…” THEY ARE DISCUSSING GOING DIGITAL WITH THE INTRODUCTION AND DISBURSEMENT OF SOPHISTICATED NETWORK OF ATM MACHINES THROUGHOUT THE PROVINCES ACCORDING TO POPULATION DENSITY…AS WELL AS BRING BANKING SECTOR TO THE LEVELS OF ADVANCED TECHNOLOGY AND SERVICE OF GLOBAL STANDARDS…
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rcookie (Dinar Guru) – Quote: “Ammar Abdullah GhaithInterest is the rehabilitation of monetary value of the currency to make it universally used by tourists, traders” THIS ECONOMIST ASSERTS THE REHABILITATION OF THE IQD IS TO MAKE IT UNIVERSALLY USED BY TOURISTS & TRADERS AND BE USED INTERNALLY & EXTERNALLY INSTEAD OF THE DOLLAR…DECREASING NUMERIC VALUE…CURB INFLATION…RAISE THE PURCHASING POWER AND SUPPORT THE ECONOMY…AND HAVE THIS ALL REFLECT STRENGTH IN THE EXCHANGE RATE AGAINST THE USD AND GLOBAL CURRENCIES WHICH IT OBVIOUSLY CURRENTLY DOES NOT DO…
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mike (Dinar Guru) – Article quote: “…that the lack of security and stability and political chaos and widespread administration available corruption and other internal conflicts, are factors that hinder the performance of the banking sector…” I say out with the old and in with the new. These guys have been in cahoots for years and have stolen billions of dollars, if not for themselves for the politicians who installed them. It’s time to clean house…
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https://www.facebook.com/groups/571383766355188/
(go here and ask to join… then add some Dinar Friends!!)
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BGG (Dinar Guru) – What is amazing to me…regarding all the news out today… this topic – Currency reform, Dinar value and economic reform… IS PLAINLY BEING TALKED ABOUT. It’s NO SECRET. They are discussing it DAILY – and OPENLY.
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rcookie (Dinar Guru) – Quote: “1. Delete the zeros phantom inflation inherited from the siege and war…2. Be the dollar value of 1 is equal to 1 dinar and 118 fils. 3. eetm [meet?] payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.” THEY ARE POUNDING THEIR CHESTS AGAIN ABOUT RESERVES AND GOLD LEVEL EXCEEDING INTERNATIONAL STANDARDS TO COVERT THEIR TRADE NEEDS…AND HERE THEY ASSERT THE DIFFICULTY OF CONVERSION INSIDE AND OUTSIDE OF IRAQ WITH EXISTING EXCHANGE RATE AND CALL FOR IRAQ TO RESTRUCTURE ITS CURRENCY…SAYING INFLATION HAS BEEN KEPT IN CHECK FOR DELETE THE ZEROES PROGRAM…AND SUGGEST THE VALUE OF $1 USD BE EQUAL TO 1 DINAR AND 118 FILS…AND OUTLINE TRADE PARTNERS WHO OPERATE WITH CURRENCY TRADE UNDERSTANDING THAT IS DEALT WITH BETWEEN THEM.
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wmawhite (Dinar Guru) – “1. Delete the zeros phantom inflation inherited from the siege and war…2. Be the dollar value of 1 is equal to 1 dinar and 118 fils. 3. eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.” This is an Iraqi banker discussing on social media the need as well as the revaluation of the IQD. The information he discusses is quite detailed, even to the point of stating that the currency will have 100 fils. IMO, he is comfortable enough to discuss this because it is common knowledge within his profession. Why else discuss it? We have the CBI, GOI telling us this is what they wany to do…And now, here is a banker telling us the details. [WHAT IS 100 FILS…?] a FIL is less than one…Think of our 1 cent, nickel, etc.
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IMF calls on the Government of Abadi to achieve reforms in exchange for loans
BAGHDAD / News Network – Iraq and the IMF agreed on Saturday to give Iraq a line of credit worth $ 5.34 billion to help it overcome the financial crisis faced after the deterioration of oil prices and the war against Alarhab. ooodh Fund said in a statement, that the Iraqi government will take place in case a loan an initial value of $ 634 million, while it must implement a series of economic reforms to get the rest of the installments of this assistance plan for three years.
The statement quoted Zhou Min, one of the assistant directors of the Fund, as saying: “Iraq’s economy has suffered severely from the double trauma of the organization of the Islamic state and severe attacks decline in oil prices.” Fund expressed in his statement expressed concern about the arrears, especially the “big” accumulated on Baghdad, which is struggling to meet its financial obligations.
The fund was granted in Baghdad in July 2015 a loan of $ 1.24 billion to help the advancement of the public own finances. Under the previous rapid financing tool program.
Iraq is going through a financial crisis due to falling oil prices, which constitutes 90% of the public budget is paid to borrow from the International Monetary Fund and the World Bank and earned them about $ 15 billion received by over three years…
BGG ~ Many thanks to Julian Washington for digging this up for us!!
Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) – Article: “Transportation Announces opening of the large port of Faw project next year.” THIS IS HUGE FOLKS… ABSOLUTELY GINORMOUS! THIS IS THE SINGLE LARGEST INVESTMENT DEVELOPMENT PROJECT IN THE ENTIRE COUNTRY…AND THEY ARE TELLING YOU WHEN IT WILL LAUNCH AND BE LIVE! THIS PROJECT WHEN COMPLETED WILL CONTRIBUTE MORE JOBS AND NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR…THIS PROJECT MORPHS THEM INTO WHOLE NEW STRATUSPHERE! WILL DOUBLE GDP…AND WILL BE NON OIL REVENUES…WHICH WILL MAKE IMF & WB HAPPY AND ADDRESS UNEMPLOYMENT…BETWEEN THE LOANS AND BONDS AND INCREASE IN NON OIL REVEUES AND AWAY FROM OIL DEPENDENCE… TRUE ECONOMIC DIVERSITY AND SUSTAINABILITY…THEY WILL BE A POWERHOUSE.
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rcookie (Dinar Guru) – Article quotes: “Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank. …”the Bank has a strategic plan for this year is to develop his work and introducing new technologies to keep up with technological advances applied in developed countries.” THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES….OFFERING ONE STOP SHOPPING BANKING SERVICES…THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006…THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT…[GREAT NEWS, Now they just need a new value.] EXACTLY.
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tlm724 (Dinar Guru) – Article: “The port of Khor Al-Zubair resume its work after a hiatus of three years” Quote: “A source said in an interview for “trend-Presse,” The reefer container project has been made available on her part in the joint operation contract with the German company Marlok.” this is awesome and surely needed in Iraq. A reefer port is a refrigerated cargo terminal and they can keep cold stores for long periods of time ie: meat, orange juice etc and the ships are called “reefer ships” same thing, refrigerated cargo ships. Great news!
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Are consistent with the EFCC Act and Economic Reforms
With the rising importance of the transition to a market economy and reliance on the private sector as an essential factor for the advancement of Economics, headed the House of representatives to vote on amending the law of the Federation of Chambers of Commerce of Iraq during the current legislative term to its importance in achieving the objectives that correspond to government reforms…
Read More: www.dinarupdates.com/blog/
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mike (Dinar Guru) – It’s amazing, four or five years ago I thought these guy’s would RV at $3 bucks and I’d be good to go. The history lesson I’ve learned over that time makes me scratch my head and wonder how in the heck I thought these guys could pull it off. My dad used to have a saying, “if you find yourself in a hole with a shovel, put down the shovel.” Iraq’s best and brightest still haven’t learned that simple lesson, quit digging a hole you’ll never get out of.
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Bluedog (Dinar Guru) – …WE WAIT…HOW LONG NO ONE KNOWS THEIR GAME… VIETNAM IS LINING UP AND IRAQ AT THIS MOMENT IN TIME LETS HOPE SOOOOOOOOOON.
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Kaperoni (Dinar Guru) – Article: “Rafidain Bank is preparing to expand his work and the opening of new branches” …more banks to run to when the event begins.
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