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 | 1306.465 | 1305.811 |
| British pound | GBP | 1564.141 | 1563.359 |
| Canadian dollar | CAD | 910.351 | 909.896 |
| Swiss franc | CHF | 1201.342 | 1200.741 |
| Swedish krona | SEK | —– | —– |
| Norwegian krone | NOK | 139.540 | 139.470 |
| Danish krone | DKK | 175.632 | 175.544 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1641.597 | 1640.776 |
Indicative rates – 07.22.2015
http://www.cbi.iq/
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A man’s rights rest in three boxes. The ballot box, jury box and the cartridge box. – Frederick Douglass
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*** Current News ***
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Follow us on twitter @DinarUpdates !!
Don’t MISS – “DU NEWS TIME” w/BGG in DU CHAT ROOM – Friday 7:30pm EST
www.DinarUpdates.com – save as favorite!
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rcookie (Dinar Guru) – Article: “Exchange rate and disinformation…Mohammed Sharif Abu Mayssam” Quote: “…repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar…” WOW!..A LOT GOING ON HERE! BRINGING PARALLELS TO FOREIGN RESERVES VALUE RELATIVE TO CURRENT IQD VALUE RATIO…AND WARN OF GUARDING AGAINST THEORIES SUPPORTING THAT AS THE ONLY OR MOST IMPORTANT MARKER…AND GUARD AGAINST OVERVALUING AGAINST CURRENT IMPORT STATUS FOR TRADE CONSIDERATIONS…THAT AUTHOR… MAYSSAM IS A VERY WELL RESPECTED ECONOMIST WRITER FOR ALSABBAH…BUT MANY OF THE POINTS MADE ARE SHARED BY MANY IRAQI ECONOMISTS…
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tlm724 (Dinar Guru) – “IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?” “IMF says no reason to devalue Iraqi Dinar“. I found the direct quote by the IMF mission chief for Iraq Christian Josz on July 14, 2016 on the IMF site…
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Dinar Updates “The After Call – ReDux”!!
“Immediately following News Time!!”
from 7/18 – “After Call” w/Q&A!!
Smart phone user link – Click here
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wmawhite (Dinar Guru) – “IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE…” This is truly preparing for opening the ISX for international investors.
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rcookie (Dinar Guru) – “IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE…” “…TO INCREASE FOREIGN INVESTMENT IN ISX AND COMMUNICATING DATA TO MARKETPLACE AND LAUNCHING A REAL TIME ONLINE TRADING PLATFORM…” THIS IS ABSOLUTELY HUGE…! DATA SERVICES CENTER FOR DISSEMENATION OF INVESTMENT AWARENESS!…SEC EXPERTS COMING TO TOWN… OPERATIONAL PERFORMANCE OF BANKS…WOW. DO YOU THINK THAT HAS ANYTHING TO DO WITH THE WORKSHOP ON 26-28 ON ICAAP…IN SYRIA…IT IS ALL COMING TOGETHER FOLKS.
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Delta (Dinar Guru) – FROM IRAQI TV: “John Kerry praises at a news conference with Iraqi Prime Minister Haider al-Abadi , but said ” we would like to see some reforms faster .” EVEN JOHN KERRY WANTS ABADI TO MOVE FASTER. [It’s my understanding that we are sending 500 more troops over there…] US PRESENT IN IRAQ IS VERY IMPORTANT, ABADI KNOWS THAT. ABADI WILL GET THE REFORM DONE, AND I BELIEVE HE IS WAITING FOR THE RIGHT TIMING…ALSO REMEMBER THE US WILL HELP THEM TO START THE FINANCIAL REFORMS IN THE CBI. IMO STARTNG NEXT WEEK WE SHOULD SEE SOME ACTION TAKING PLACE.
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Aggiedad77 (Dinar Guru) – …some folks are getting anxious for conclusive action…but I for one continue to give Abadi a great deal of credit for the effort and work he has put into Iraq as their leader…Abadi is fighting war on many fronts, not just with DAASH/ISIS, but with major corruption in all areas of Iraq, and especially so with some higher level government officials who do not want to see their little kingdoms broken down, so they fight him every step of the way…he’s still got the likes of Maliki…he has to contend with Iran…all in all he’s doing better than most want to give him credit for…hard-headed, shrewd, and very smart…he is…he now has the resignations of those who may have been pushing against him…and he has the opportunity to insert those technocrats he wanted to start with…Let’s hope they hit the ground running…my opinion about Mosul…it’s coming…and I’m thinking it won’t take until October to start things…in all likelihood things will be done by October…IMO.
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mike (Dinar Guru) – B- Moody’s credit rating and all the other stuff just screams that Iraq isn’t handling their business right now. Here’s hoping the IMF leverages the billions they’re giving Iraq to change their ways and move this country forward. No more money unless you conform. Period. At least the plan is still in play, we just need the politicians to…get to work. [post 2 of 2]
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mike (Dinar Guru) – Article: “America Announces more than two billion dollars to collect the donor conference for Iraq” For years I’ve heard about the vast wealth of Iraq and yet, here we are, throwing donor conferences and raising $2.1 billion dollars for these folks. They’ve already borrowed against their SDR holdings and the IMF is loaning an additional $5.5 billion over the next three years. These guys don’t look so wealthy to me. In fact, they look broke as hell. It’s clear the interest the US and other western countries show Iraq has nothing to do with making money. It’s more about keeping them from sliding down the slippery slope of corruption and greed and dragging the whole ME down with them. [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 07-19-16
Currency Auctions Announcement No. 3242
This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 146,727,081 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 146,727,081 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) – Article: “LEGAL EXPERT STATES CONSTITUTION DOES NOT ALLOW FOR QUESTIONING OF MINISTERS WHO HAVE HAD RESIGNATIONS ACCEPTED…” Yep…if you don’t want to be questioned…get the heck out of Dodge…resign.
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rcookie (Dinar Guru) – Article: “ABADI ACCEPTED SHARASTINI RESIGNATION TODAY…” NEWS THAT ABADI WILL BE ADDRESSING REPLACING RESIGNATION POSITIONS NEXT WEEK. Article: “LEGAL EXPERT STATES CONSTITUTION DOES NOT ALLOW FOR QUESTIONING OF MINISTERS WHO HAVE HAD RESIGNATIONS ACCEPTED…” THERE IT IS…SOME UNDERPINNINGS TO THESE 7 RESIGNATIONS IN THE LAST 2 DAYS…IF RESIGNATIONS ACCEPTED …CANT BE QUESTIONED BY PARLIAMENT.
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Frank26 (Dinar Guru) – …companies are agreeing with them and signing contracts… as an international company…we will come in…we will follow all your rules and laws and regulations that you want…with your banks…your currency…your government… your everything…but we want our rate of return to be equal or at least profitable…and at a program rate we would lose money…IMO…the majority of the contracts…are set to expire sometime around October. The auctions will end…the multi-currency policy will end…and it is ending…The auctions…the multi-currency policy…the MCP…and the rate…increasing must all occur together…And for people who say…I don’t see…advancement…I don’t see anything good going on…are you kidding me. [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 07-17-16
Currency Auctions Announcement No. 3240
This daily currency auction was held in the Central Bank of Iraq on the 07-17-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 27 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 134,652,143 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 134,652,143 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – The United Nations did not meet in April or May…it bummed us out because it gave us less hope for…July...but we are excited because the UN is meeting with Iraq now...IMO…they are meeting with Iraq because of what they are doing to remove Article 8…we want to see things faster…but this is a logical approach and…there are a ton of moving parts…and as far as what is going on with the Iraqi Stock Exchange and the IEX…there are things that are going on with currencies that we don’t need to talk about…Why would a company sign with Iraq if they didn’t think they were going to get their rate of return back… [post 1 of 2….stay tuned]
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Islandg1211 (Dinar Guru) – …while the 2nd HALF of 2016 (and into the next 3 years) is for the RECONSTRUCTION PHASE – the SBA/Marshall Plan, and for liberating Mosul. IMO, the PLAN IS TO RV AFTER THE WAR PHASE to kick off the RECONSTRUCTION PHASE… When this plan for the Monetary Reform, the commitment to liberate Mosul, and the multi-year reconstruction was outlined, the RV WAS INCLUDED. But, the GOI has been non-effective for the entire 1st half of the year. THEY STILL NEED TO PASS THE INVESTMENT LAW AMENDMENT. THIS NEW JUNE LOI STATES THAT “AS A FIRST STEP” THE INVESTMENT LAW WILL BE INTRODUCED BY THE COM. The Anti-Money Laundering Law needs some additions that the IMF wants to see as well. [post 2 of 2]
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Islandg1211 (Dinar Guru) – WHY DID WE NOT SEE THE RV “BY MID-YEAR”? NONE OF THE REFORMS that had been planned got done in the first half of the year. PRESUMABLY, THE RV IS VERY MUCH A PART OF THE PLAN FOR THIS YEAR IN ORDER TO ADDED VALUE AND HELP WITH THE RECONSTRUCTION OF IRAQ IN ADDITION TO ALL THESE LOANS AND GRANTS. THE GOI STILL NEEDS TO PASS THE INVESTMENT LAW AMENDMENT. I’m still encouraged that the Monetary Reform is, in fact, being planned by the U.S./IMF with coordination with other countries, the World Bank, and the UN. A lot of money is expected to pour into Iraq such as: IMF loans, WB aid, UN aid, Other countries’ aid, Private sector loans, Bond sales, Deferred Paris Debt. ALL OF THIS MONEY POURING INTO IRAQ IS UNPRECEDENTED. …the 1st HALF of 2016 was getting Iraq (mostly the CBI) in position to receive these LOANS FOR THE RV… [post 1 of 2….stay tuned]
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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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Adam Montana (Dinar Guru) – Iraqi Parliament does have an influence. The governing bodies in Baghdad and Erbil, the powerful Shiites and Sunnis, and the elected officials that you hear about – they have an influence. Their specific influence, at this time, is regarding the progress of the HCL. We expect to hear that news very soon. But at the end of the day, not one of them can do what the CBI can do… the CBI is the only thing that can change the rate. That’s where we are…Final thought….GO HCL! [post 3 of 3]
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Adam Montana (Dinar Guru) – When it comes time to RV, Iraq itself isn’t even the controlling factor. Parliament is not the controlling factor. Abadi is not the one that will “push the button”, nor will Shabibi or the IMF. In fact...an article earlier…shows exactly how little the IMF has to do with anything… they are more and more becoming a useless organization with no more actual influence over the rate of the dinar than the UN has over North Korea. The controlling entity is, and always will be, the CBI – Central Bank of Iraq. And the reason why is extremely simple – because THEY are the ones that regulate and operate the auctions, which is where the rate is set. That’s it. End of story. [post 2 of 3….stay tuned]
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Adam Montana (Dinar Guru) – As of today, we do not have an RV. I believe that’s because we don’t have an HCL, but this isn’t an entirely bad thing. I say that specifically because there is no reason to believe the HCL will not go through… it’s just not happening as fast as we want. Since we can’t control the HCL, or the rate of the IQD for that matter, let’s focus for a minute on something that we CAN explain… “Who, or what, exactly, controls the rate of the IQD?” In the past, there have been a lot of questions about who controls the rate, what entities can influence an RV, does X or Y or Z have to approve, and so on. Let’s break this down, and we will all walk away better educated! [post 1 of 3….stay tuned]
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