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 | 1301.855 | 1301.204 |
| British pound | GBP | 1549.247 | 1548.473 |
| Canadian dollar | CAD | 896.949 | 896.501 |
| Swiss franc | CHF | 1198.540 | 1197.941 |
| Swedish krona | SEK | 137.257 | 137.188 |
| Norwegian krone | NOK | 138.721 | 138.652 |
| Danish krone | DKK | 175.005 | 174.917 |
| Japanese yen | JPY | 11.166 | 11.160 |
| Special Drawing Rights |
SDR | 1637.602 | 1636.783 |
Indicative rates – 07.25.2015
http://www.cbi.iq/
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There is something even more valuable to civilization than wisdom, and that is character. – H. L. Mencken
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*** Current News ***
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ADMINBILL (Dinar Guru) – WHAT A SCREWBALL WEEK THIS HAS BEEN. UP DOWN, UP DOWN. SO WHERE ARE WE…? IN MY OPINION WE MAY BE IN THE WEEK…THE PROBLEM WE HAVE IS THAT WE CANNOT GET THE TRUTH FROM ANY NEWS SOURCE THESE DAYS WHICH MAKES IT VERY DIFFICULT FOR THOSE THAT HAVE NOT KEPT UP WITH THE DAILY DRAMA IN DINARVILLE. I SAY WE ARE NEAR THE END…WITHOUT THE GCR/RV THE SITUATION IS THAT GRAVE.
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rcookie (Dinar Guru) – Article quote: “ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION” SO…THE ASHUR BANK ISX LAUNCH TOMORROW [MONDAY]…
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Don’t MISS – “DU NEWS TIME” w/RCoookie and Mr White in DU CHAT ROOM – Monday 6:30pm CST
www.DinarUpdates.com – save as favorite!
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rcookie (Dinar Guru) – Article: “Reform plans awaiting allocations and mechanisms of action” Quote: “said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation...” THE TITLE BLOWS THE MIND…AND THE STATEMENT SOURCE BEING ALNASIRI ISNT TO SHABBY AS WELL…THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS…1ST A SWITCH TO A PRODUCTIVE ECONOMY…AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACCURATE, TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION…WOW…THAT REPORT WAS AWESOME!
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Kaperoni (Dinar Guru) – Article: “CBI agrees to open windows for the sale of US dollars in cash for travelers” [So is this a good thing or bad thing or neither?] This is a great thing. Remember the IMF line…”The authorities will gradually remove remaining exchange restrictions..” This is a requirement for Article VIII. We need this to happen for the dinar to be internationally convertible and rise in value! The sooner the better.
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rcookie (Dinar Guru) – Article: “A new International Port between Iran and Iraq Kurdistan” WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN…THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!
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Dinar Updates “After Call – LIVE”!!
“Immediately following News Time!!”
7/25 “After Call” – RCookie, Mr White, BGG and Hutch 641-715-3640 pin#528733
from 7/18 – Smart phone user link – Click here
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BGG (Dinar Guru) – Article: “Abadi accept the seventh resignation of a minister in his government” This goes back to the SJC set back suffered by Abadi about “how” he got the “reshuffle” started (by removing those guys)… Looks like he has somehow “persuaded” them to “voluntarily resign”…he will get his “technocratic GOI” sooner rather than later. regarding the “delays” – yes, there have been real delays…stop and think… half of Iraq was under the control of a hostile force… didn’t need to be – but it was…Maliki was partially the author of it…security HAS been an issue… plainly, there have been plans published and retracted (or “tabled”) that addressed currency reform…We’re in much better shape now.
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Bondlady (Dinar Guru) – Article: “Ready to receive the ten global companies to complete the port of Faw in Basra” this port is very important and its a huge project that’s been ongoing for years and years…its very close to completion and when it is whoa! talk about a huge money maker…this will be the largest port in the world, it will connect Iraq thru its shipping lanes…to the rest of the world…very big and huge deal for Iraq…thumbs up…
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tlm724 (Dinar Guru) – Article: “Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him” Quote: “Statement Mr. Prime Minister , Dr. Haider al – Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people…” it’s hard to fathom the conditions these people are trying to live under…no food, no water, no sanitation, no meds, children starving and its like 130 degrees…so sad…take a moment and say a prayer for your fellow man!
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https://www.facebook.com/groups/571383766355188/
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BGG (Dinar Guru) – Article: “IMF agreement test for Iraq” IMF has developed a tremendous program to rewrite Iraq’s ailing economy. The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East. While not saying ” rv tomorrow” it’s pretty compelling stuff…
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Delta (Dinar Guru) – Article quote: “The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to ” low value and stop the public about the circulation ,” according to a statement of the bank. A source in the CBI told the ” term ” that ” the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last…”
I DID BRING THIS…FROM 2/27/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS! AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT’S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.
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Backdoc (Dinar Guru) – QUIET WE ARE WITH A PURPOSE FOR A PURPOSE! WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
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Iraqi Dinar/Dollar auction (most recent listing) 07-24-16
Currency Auctions Announcement No. 3243
This daily currency auction was held in the Central Bank of Iraq on the 07-24-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 25 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 147,058,377 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 147,058,377 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – Article: “Reform plans awaiting allocations and mechanisms of action” Quote: “…the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives…activating the role of financial institutions and the banking sector” Super article IMO as it describes how the economy and banking sector are tied together. This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value. Good and exciting stuff!
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BGG (Dinar Guru) – “OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION…” the bigger news than who it is – is that it is soon (the liberation of Mosul)…key city in Iraq – sets the stage for real stability – if this is one of the “biggies” for the IMF. Mosul will be captured – the US would not be there if it were not a “given”… the progress is breathtaking…As far as this investment goes…all good for Iraq.
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tman23 (Dinar Guru) – ...Abadi is saying he would launch in October…which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad…At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: “We would like to see some reforms moving faster.” REFORMS MOVE FASTER…THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY…THIS IS WHAT THEY ARE PLANNING…ABADI IS SAYING UNTIL OCTOBER…and…security after liberation is the biggest concern of all…Rebuilding the second largest city and providing immediate service is an issue…UNCERTAIN SECURITY… UNCERTAIN of the Country uniting post ISIS…Uncertainty by the MAJORS tells me NO CURRENCY CHANGE…IMF said…That Iraq is expected to enter the International Market by mid 2016… Simply put, the reality of Iraq meeting expectations will most likely end in disappointment…
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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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Shredd (Dinar Guru) – …the IMF’s continued support and re-clarification that the peg to the dollar is in place is a good thing. It is just a matter of time that the dinar will gain value as Iraq diversifies in it’s outputs and regrows its reserves from oil revenues. We are not invested in some penny stock that we’re hoping to get rich on like the inbred, get-rich-quick dummies do. We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth. [post 3 of 3]
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Shredd (Dinar Guru) – [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.
Let me also add that… [post 2 of 3….stay tuned]
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Shredd (Dinar Guru) – Article: “IMF says no reason to devalue Iraqi Dinar” This article captures most of the upside of having the dinar on par with the dollar. I’ll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country’s economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner. [post 1 of 3….stay tuned]
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U.S.-Iraqi Kurdistan MOU signed with Baghdad’s support and approval
Iraq’s Ministry of Defense on Friday said the Memorandum of Understanding (MOU) that includes provisions of military support to the Peshmerga forces signed between the Kurdistan Regional Government (KRG) and the United States was carried out with and after the approval of the Iraqi central government.
The defense ministry released a statement refuting claims the agreement was signed without Baghdad’s approval and stressing the MOU was meant to support Peshmerga forces with financial and military aid.
The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq’s sovereignty.
“Approval has been obtained from the Iraqi government for the aid for the Peshmerga Forces but the preconditions were indicated by the U.S.,” the statement read…
Read More: http://www.dinarupdates.com/blog/
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tlm724 (Dinar Guru) – Here are the statistics I want to share with you all: CIA The World Factbook: COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD: Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.
RANK RESERVES OF FOREIGN EXCHANGE AND GOLD:
37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST
49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST
Isn’t that pretty ? Iraq has quite a bit more gold and reserves… [post 2 of 2]
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tlm724 (Dinar Guru) – I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait’s exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar. The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table. The overall standard of living still depends on the central government passing major policy reforms and laws…and that too is being addressed, it is just a matter of time. …I did some research so I could answer that old question: Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some! [post 1 of 2….stay tuned]
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Bondlady (Dinar Guru) – Article: “Exchange rate and disinformation” Quote: “Mohammed Sharif Abu Mayssam 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 on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…” …this is a good article an could very well mean even better for us than what its saying…the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they’ve done the last few times they’ve been ready to move the dinar rates or do something with the currency…we all know its long over due…this is definitely different than the last 10 plus years…I really do expect things to change in a big way with the new agreements made with talibani…art 140…hcl… several more huge things…I believe we will see those come to light very soon…hang in there every one …its lookin very good for us all imo.
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