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 – 07.16.2015
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Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you. – Pericles (430 B.C)
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*** Current News ***
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rcookie (Dinar Guru) – Article “Jubouri: 70 laws will be presented at future meetings .. and near terminate the membership of absentees” SO… JABOURI TELLING US MORE THAN 70 LAWS CUED UP AND READY FOR VOTE. YOU THINK PARLIAMENT IS GOING TO BE BUSY THIS WEEK.
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rcookie (Dinar Guru) – THINK ABOUT THIS RELEVANT TO WHAT WE HAVE IN THE RECENT 2 WEEKS REGARDING THE FOCUS ON RESTRUCTURING CAPITALIZATION WITHIN BANKING SECTOR TO THE TUNE OF 200-400% IN BANKS OF ALL SIZES…NOW…NOT TO BEAT A DEAD HORSE…BUT…AGAIN…THE RECRUITMENT… ACQUISITION AND RETENTION OF FOREIGN INVESTMENT AND BUSINESS INTO IRAQ WAS POSSIBLE WITHOUT THESE TYPES OF FINANCIAL AND ECONOMIC UNDERPINNINGS…1 YEAR…3 YEARS…5 YEARS AGO EXACTLY HOW…JUST A HINT…THEY WERENT…NOT EVER…EVER…EVER… [post 2 of 2]
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rcookie (Dinar Guru) – Article quote: “The workshop aims to identify the credit risk mitigation, and understand how banks calculate the capital to be allocated to address market risks, and how to calculate standard techniques LCR and NSFR liquidity by the Basel III requirements, as well as understand how conduct stress tests for all types of risk.” SO THIS BASEL III WORKSHOP IS BEING HELD IN SYRIA JULY 25TH-28TH…THAT COVERS THE MEASUREMENT… MONITORING AND MANAGEMENT OF RISK SYSTEMS IN ACCORDANCE WITH BASEL III REQUIREMENTS RIGHT DOWN TO PRESSURE TESTING SYSTEMS…AND CAPITAL ADEQUACY RATIOS AND WEIGHTING SYSTEMS TO CREDIT RISKS WITHIN THEIR MARKETS WITH ICAAP STANDARDS (INTERNATIONAL CAPITAL ASSET ASSESMENT PROCESSES)… [post 1 of 2….stay tuned]
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tlm724 (Dinar Guru) – Article: “Iraq moves to Turkey after refusing inclusion of the marshes in the World Heritage List” …it looks like France, Turkey and Iran had objections to the Iraqi marshes being included on the list. France looks like they may be ok with it and they can negotiate with Iran but Turkey is gonna be a problem…first off as we all know Turkey is in a bad way as of today, too much uncertainty and its a power thing with this water. [Guru] BondLady explained in a desert region water is like gold and Turkey controls the spigot that lets water flow to Iraq. I pray they can work this out! The marshes are critical to civilization and must be preserved and nurtured.
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wmawhite (Dinar Guru) – bottom line is; look around the region and ask …”when Iraq is compared to the other countries and their GDP is the true value of Iraq reflected in their currency at $0.00086?” Simply; No. And this is why Iraq does not use it and that there are obstacles preventing it from being used as Citibank stated. IMO, when those obstacles are removed and the movement of the IQD is freed, IMO the CBI will move the value of the IQD to reflect its true value.
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mike (Dinar Guru) – Article: “Moody’s credit rating: Iraq’s agreement with the International Monetary Fund will reduce its budget problems” I think Iraq has a ways to go to improve their credit rating with Moody’s. What is a ‘Sovereign Credit Rating’: “A sovereign credit rating is the credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks. At the request of the country, a credit rating agency will evaluate the country’s economic and political environment to determine a representative credit rating. Obtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets.” While I do believe things are and will get better in Iraq, they have to get Parliament to a functional state passing the needed legislation for economic advancement and political cohesion. Making payments to the Paris Club and the Kuwaiti’s would also be a good thing.
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tlm724 (Dinar Guru) – Article quote: “The illegal border crossings and projects revenue project Sakona most prominent on the agenda of the Commission’s new legislative term.” yep they gotta secure those borders, stop illegal crossing and collect tariffs! It’s all part of the security and revenue plan and is part of the security Shabibi said was needed…wink!
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Poppy3 (Dinar Guru) – …ALL THE NEWS IN THE WORLD ABOUT POLITICS IN IRAQ NEVER HELP ANY OF US GET CLOSER TO THE REAL RV. I BEEN AT THIS LONGER THAN MOST AND I ASSURE YOU THE NEWS GETS US NO CLOSER TO ANYTHING…ONLY ACTIONS ON THE NEWS IS WHAT COUNTS. 90% OF THE NEWS WAS NEVER ACTED ON TILL HERE IN THE LAST FEW MONTHS BUT FOLLOW THE ACTIONS AND YOU’LL HAVE A REASONABLE IDEA ABOUT THE REST OF OUR WAIT.
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Frank26 (Dinar Guru) – …it is very important that you understand the United States and Kuwait government devalued the Kuwait currency down to zero, practically nothing…and Saddam Hussein was the reason…so America comes in…and the first thing that we did was Marshall Law…and we took over the banking structure…In other words everything I’m telling you is the equivalent…and it is happening in Iraq…with very slight differences…using the American dollar until they were ready to bring back the Kuwait dinar…back to the international rate…with these loans they will quickly remove anything that is left as a remainder of Article 8…once they do qualify and all of Article 8 is removed…MO…all they need to do is raise the value of their currency…and that is it…that should be the final restriction…
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Kaperoni (Dinar Guru) – #16 is the most important.. “16. The authorities will gradually remove remaining exchange restrictions and multiple currency practice…” ...if the CBI does this..and I say “If” (because they have not so far), it will create momentum on the economy and more importantly on the dinar to appreciate in value. This is what we want to see…an open banking system with the world, no exchange restrictions, Article VIII, etc. etc. Once that happens, Iraq will become a vary exciting place to invest and the currency will rise in value. We just have to wait for them to get their act together. [Post 2 of 2]
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Kaperoni (Dinar Guru) – Press Release: “Iraq : First and Second Reviews of the Staff-Monitored Program and Request for a Three-year Stand-By Arrangement…” …this report is full of what Iraq needs to do to improve it’s economic and banking performance. There is no discussion about currency reform (and I would not expect it). That being said, it needs to happen and we don’t know when it will. But it is good to see so much of what we said needs to happen in the SBA, ie laws, remove restrictions etc. I also like they are doing everything they can to hold the dinar at the current exchange rate (peg) during this difficult time (even though many called for the CBI to devalue the dinar). [Post 1 of 2]
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Follow us on twitter @DinarUpdates !!
Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Sunday 7:30pm EST
www.DinarUpdates.com – save as favorite!
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Bruce (Dinar Guru) – WE WERE CLOSE ON TUESDAY, BUT ARE CLOSER TODAY. REDEMPTION CENTERS ARE STAFFED. POSSIBLE GO TIME TONIGHT. ADMINISTRATIVE HOLDS, UP TO 40 PARTS, NEEDED TO BE RELEASED. ALL WERE RELEASED YESTERDAY, AND NOW WE ARE IN A POSITION FOR NOTIFICATIONS TO COME OUT AT ANY MOMENT. BANKS ARE READY, SECURITY IS INCREASED, RAGE ON THE CITIES PLANNED FOR TOMORROW THE AUTHORITIES KNEW ABOUT BACK IN APRIL, AND WILL PROCEED WITH SAFETY AND CAUTION. TIMING, MAYBE NEW UN OPERATIONAL RATES ARE BEING SETUP FOR TOMORROW. NO GREAT FANFARE, NO GREAT ANNOUNCEMENT, JUST A FLIP OF THE SWITCH.
BGG ~ COMPLETE B.S. ARTIST… (be sure to tune in to the call tonite)…
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Frank26 (Dinar Guru) – I believe that TIME FRAMED is within this year of 2016…that IMO…has been made by the IMF and the CBI and will be presented to you…but if a final decision on whether or not to raise the value of their currency and a final decision has been made on the rate by the GOICBI…then they need to do the final steps that brings it….and I think that is where we are at…and I think that is what you are going to see…from now until September…And I’m not telling you that September is the RV month…there is a TIME FRAMED…and they have made a decision… [post 3 of 3]
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Frank26 (Dinar Guru) – I’m here to tell you that the reforms are in full swing…it is only by capillaries that Article 8 is even still attached to Iraq… Quote: “Parliament Finance Must Investigate Regardless of the Loans to Prevent Corruption” …every penny that is going into Iraq is going into the right places…for the right purposes…this is a plan…this is Time that has been FRAMED. …when we came into Iraq we presented to them what is called the Marshall Law…they are calling it Marshall Iraq...this is the plan…and the Marshall Plan for Iraq…IMO….is coming to an end…this country is about to launch itself into the international stratosphere. [post 2 of 3….stay tuned]
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Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF (photo: Sabah Arar/REX/Newscom)
Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability
- Iraqi economy faces double shock of lower oil prices, rising security challenges
- IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
- Program includes measures to protect the poor, curb corruption
The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability…
Read More: www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) – …on the 22nd of December, 2015…I said they are going to float their currency…they are going to come out with this 1 to 1 and they are going to bring this out into the international world in the first half of 2016 and oil prices are not going to go down they are going to increase…they will peak…and I gave you almost step by step…And the IMF is telling Iraq…we got this plan…this is what you are going to do…and in the process what was it that Dr. Shabibi wanted to give the green light to Abadi in order to raise the value of their currency…stability… [post 1 of 3….stay tuned]
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rcookie (Dinar Guru) – […AUGUST 11TH WILL BE SESSION TO INTERROGATE MOD OBEIDI AS WELL AS TRANSPORT AND FINANCE MINISTERS…] AUG 11TH PARL HAULING IN THOSE 3 MINISTERS FOR QUESTIONING. [MP YOUKHANA DECLARES NAMES OF DEPUTIES WHO HAVE EXCEEDED LIMITS ON ABSENCES AND MOVE FOR DISMISSALAND REPLACEMENT…] THIS IS AWESOME…JABOURI ALSO MADE STATEMENT TODAY ABOUT PURSUING DISMISSAL OF THESE SLACKERS! [PARLIAMENT VOTED TODAY ON JUDICIAL OVERSIGHT LAW…] SO IS ANYONE THINK THEY DIDNT GET ANYTHING DONE IN PARLIAMENT…VOTED 1 LAW AND READ 5 OTHERS…AS WELL AS HOST OF OTHER THINGS.
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SteveI (Dinar Guru) – The news just keeps getting better and better every day. I was told they now can close the borders because Iraq has for the most part control of their country back. I am proud of Iraq and all countries that helped do this. All of this news is so positive it is hard not to smile.
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Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar
Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)
– Restructuring of the Iraqi currency
Re-evaluate the value of the dinar
– Iraqi dinar (polymer):…
Read More: www.dinarupdates.com/blog/
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wmawhite (Dinar Guru) – Article quote: “ABDUL MAHDI STATES AT ECONOMIC SEMINAR 400-500 THOSAND PEOPLE BEING PREPARED ANNUALLY FOR LABOR MARKET AND SOLUTIONS TOWARD ACTIVATING THE PRIVATE SECTOR” This is huge…otherwise, what is there for them to prepare the citizens for? The private sector is coming.
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Stryker (Dinar Guru) – [We don’t hear about HCL much anymore is that something that you think is necessary for the RV to happen?] …no the HCL isn’t needed right now because it is covered in each years budget until a final HCL can be adopted, that’s why we don’t hear much about it anymore. Oil revenue disbursement, who pays contractors, power sharing on contracts and so on are all covered in each years budgets and are negotiated starting this time each year for the following years budgets. A permanent HCL will come in time.
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rcookie (Dinar Guru) – Article quote: “BRITISH AMBASSADOR FRANK BAKER VISITS MUTHANA PROVINCE GOVERNOR ZIADI AND DECLARES DESIRE OF BRITISH COMPANIES TO INVEST IN THE ENERGY, OIL AND AGRICULTURE SECTORS…” THIS IS JUST 1 OF 2 MEETINGS WITH AMBASSADORS TODAY WHERE COUNTIES ARE ANNOUNCING THEIR INTENTION AND READINESS TO ENGAGE INT’L INVESTMENT AND BUSINESS WITH IRAQ.
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ECONOMIC ADVISER TO EBADI – INTERNATIONAL FUND APPROVES STANDBY CREDIT AGREEMENT WITH IRAQ
BAGHDAD / IBN – Economic Adviser to the President of the Council of Ministers confirmed the appearance of Mohammed Saleh, “The Executive Board of the International Fund approved a standby credit with Iraq on 7 July of the current agreement.
Saleh said on Thursday, in a statement to the Iraqi network transmitter (IBN) “The fund was launched in the history of 12 of July of this batch of the loan allocated for Iraq and the $ 634 million out of the total amount of 5.3 billion dollars.”…
Read More: www.dinarupdates.com/blog/
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tman23 (Dinar Guru) – What we know for a fact…and for the very first time in Iraq… The Big Banks in all regions are communicating with the CBI and the rate when the rate fluctuates 127,000 or 127,500...it is the same at the same time in these major banks… this started this week and has been consistent enough to say they are on CBI protocols now…
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Kaperoni (Dinar Guru) – Quote: “…the Iraqi Dinar ‘investment opportunity’ is a scam that has existed for more than a decade and has regained some of its former popularity…” Surely, the concept of “overnight” riches so often stated…makes this by definition a scam. That said, the potential for Iraq laid out in various documents including the IMF, WB etc. clearly show the upside potential for Iraq, which if achieved, would increase the value of the currency significantly. We just have to wait for that potential to come to fruition. There is nothing “to get to the bottom of,” it’s already well documented.
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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!!”
from 7/13 – LIVE CALL w/Q&A!!
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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Iraqi Dinar/Dollar auction (most recent listing) 07-13-16
Currency Auctions Announcement No. 3239
This daily currency auction was held in the Central Bank of Iraq on the 07-13-2016
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$) | 137,471,209 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 137,471,209 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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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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Be sure to join the New Dinar Updates “private” FaceBook Group…
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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