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 | 1313.557 | 1312.900 |
| British pound | GBP | 1557.521 | 1556.743 |
| Canadian dollar | CAD | 906.372 | 905.919 |
| Swiss franc | CHF | 1212.805 | 1212.199 |
| Swedish krona | SEK | 137.166 | 137.097 |
| Norwegian krone | NOK | 138.136 | 138.067 |
| Danish krone | DKK | 176.616 | 176.527 |
| Japanese yen | JPY | 11.365 | 11.360 |
| Special Drawing Rights |
SDR | 1646.975 | 1646.152 |
http://www.cbi.iq/
Indicative rates – 08.03.2016
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First ask yourself: What is the worst that can happen? Then prepare to accept it. Then proceed to improve on the worst. – Dale Carnegie
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*** Current News ***
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Dinar Updates “After Call – LIVE”!!
“Immediately following News Time!!”
8/04 “After Call” – w/RCookie,
Mr White & Hutch
641-715-3640 pin# 528733
from 8/01 – Smart phone user link – Click here
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tlm724 (Dinar Guru) – Articles: “Alusi demanding the president to dissolve parliament and form an emergency government” “Nassif: Defense Minister to offer me a million dollars in exchange for the postponement of questioning for a week” Quote: “I ask you and I ask all those responsible and sensible to dissolve parliament and to move the government of emergency and early elections.” hmm could get ugly…that interrogation of Obeidi has stirred the pot big time. Nassif has accused him of trying to bribe her with a million dollars to delay the questioning.
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Adam Montana (Dinar Guru) – One thing we should all know about how a dramatic increase in the value of the dinar will work is that nobody in Iraq (or anywhere else for that matter!) will go into a bank or currency exchange with dinar and then walk out with buckets or wheelbarrows full of another currency. That’s not how it works! We will either have to deposit it into their account, wire it to another account via their bank, or perhaps we will get a cashiers check. Iraq faced a major problem 10 years ago that would have single-handedly prevented the RV, even if it weren’t for the broken GOI and everything else: Technology. Iraq did not have the technology to do a mass conversion of their currency. I am referring not only to the lack of technology in their paper currency itself, which made it easy to counterfeit, but also the technology in how their banks talk to each other, share funds, or even participate in the auctions…before ~2009 the ISX was basically done on chalkboards! …but this is no longer the case. Check this out: “The central bank plans to activate the electronic systems to minimize the cash trading process” ...we are nearing the end of this ride. SO MANY things are now out of the way, the path forward is clearing up faster than a lot of people can believe, and we will see a rise in the value! [post 3 of 3]
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Adam Montana (Dinar Guru) – 3. The news is showing more and more that Iraq is pushing to get control of ISIS. …I’ve even heard a few comments about how ISIS must be “completely destroyed” before an RV, but that’s just not true. ISIS influence on the stability of Iraq is dwindling. 4. In a continuing effort to bring Iraq as a nation closer together, we see more and more instances of the Kurds getting a larger share of the money. If you think back a couple years, you’ll remember that the biggest obstacle to the HCL has always been lack of cooperation from the Kurds, and for good reason. They were getting screwed! Since Abadi has taken the wheel, that has changed. We are closer than ever to an HCL. It WILL happen. I saved what may be the best for last… [post 2 of 3….stay tuned]
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Adam Montana (Dinar Guru) – Here’s something I almost never do… a DATE! (Sort of.) Ready? September MAYBE, October I REALLY like. I could be wrong – August is not completely ruled out in my book, but after doing these updates for so many years, and studying Iraq and other countries like a hawk for an even longer time… I think I have a good “feel” for the status. …these first 2 are the bad points. 1. It’s been my experience (and history/news/Google will back this up with facts) that after Ramadan, they (Iraq) either have things lined up and ready to reach a milestone…or they don’t. Let’s face it, nothing major came after this most recent Ramadan. It doesn’t concern me about an “eventual” increase in the IQD, but I’m not going to expect it this week. 2. Remember what I was saying about “watch the oil” for the HCL to grow legs? Oil dipped again. Where it was once on the way back to a respectable $60ish range, it has dropped back down below $40 again. Oil will go back up, and the HCL will get moving again, but I doubt August is our month. Now let’s talk about some positive stuff… [post 1 of 3….stay tuned]
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rcookie (Dinar Guru) – Article: “Dinar on raising the money supply in the size of banks” Quote: “Currency market and called on the central bank to the registration of the Iraqi dinar in the foreign exchange market…” HUGE INFORMATION IN HERE…HUGE! CBI TO REGISTER IRAQI DINAR ON FOREIGN EXCHANGE MARKET! FORM A JOINT STOCK COMPANY FOR THE MANAGEMENT OF ELECTRONIC TRADING & ISSUING SMART CARDSESPECIALLY DUE TO THE SHORTAGE OF CERTAIN NOTES LIKE THE 25K RESULTING FROM SMUGGLING…THEY ARE CITING THE SUCCESSFUL PROGRAM TEMPLATE OF THE KUWAITIS… TOWARD THIS MATTER!
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Iraqi Dinar/Dollar auction (most recent listing) 08-03-16
Currency Auctions Announcement No. 3249
This daily currency auction was held in the Central Bank of Iraq on the 08-01-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 19 |
| Number of remittance companies | 0 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 24,188,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 24,188,000 |
| Total offers for selling (US$) | —– |
Currency Auctions Announcement No. 3250
This daily currency auction was held in the Central Bank of Iraq on the 08-02-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 135,343,529 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 135,343,529 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Bruce (Dinar Guru) – Redemption centers are quiet. They are on blackout. Some that we know of, so probably all are ready for notifications. We believe that all are on an any moment basis. We heard this from many sources. We are not calling it, we are just telling you to the best of our ability that this is what we have been told that this is where we are. I’m excited, but I’m cautious about making you all too excited. I’ve been affected by this over 12 years. I’m frustrated as well. But we are all in the same boat. We will all receive the blessing together. We all go at the same time. Rates – my position has always been not to put out rates…rates could change up or down, at any moment.
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Bondlady (Dinar Guru) – Article: “Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar” …people are still sitting on their dinars, the CBI needs the majority of those dinars back, if the people won’t do it on their own, I wonder if the prices aren’t being manipulated, making things cost more money by making the dinar even less attractive and causing them to use more dinars for there purchases… end result would be the same just not as quick imo.
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rcookie (Dinar Guru) – …PARLIAMENTS CONTINUATION OF OBEIDI’S CLOSED DOOR QUESTIONING SESSION IS OFF UNTIL NEXT TUESDAY THE 9TH…MANY WERE IN THE OBEIDI CLOSED DOOR SESSION…THE HOLDUP IS THE UNDERPINNINGS OF ADDRESSING CORRUPTION AND ESTABLISHING INSTITUTIONAL STABILITY THROUGHOUT IRAQ…INCLUDING…SECURITY… LEGISLATIVE…JUDICIAL AND ECONOMIC…
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Kaperoni (Dinar Guru) – Article: “Dinar on raising the money supply in the size of banks” Quote: “…called on the central bank to the registration of the Iraqi dinar in the foreign exchange market,…” Bingo! For those who don’t know…the foreign exchange market is Forex. So they are ask the CBI to list the Dinar on the Forex for trading. Which is exactly what we want…time to float the dinar and let the world market set the value.
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ADMINBILL (Dinar Guru) – HERE IS WHERE I THINK WE ARE AT 1:40PM MDT TUESDAY AFTERNOON. I BELIEVE WE ARE IN THE PROCESS WHICH INCORPORATES THE CURRENCY AND THE BONDS. I BELIEVE THAT THE BOND TRANSACTIONS ARE WHAT HAS BEEN HOLDING THE PROCESS UP BUT THAT IS A DONE DEAL NOW. I BELIEVE THAT THE CURRENCY MUST PRECEDE THE BONDS TO SUPPORT BOND REDEMPTION OR, AT THE VERY LEAST, GO AT THE SAME TIME. I DO NOT BELIEVE THE BONDS CAN PRECEDE THE CURRENCY. I FURTHER BELIEVE THAT WE MUST BE NEAR WITH THE CURRENT PUBLIC BOND DISCUSSIONS…MY OPINION ONLY.
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Shredd (Dinar Guru) – Article: “Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar” With the money supply reducing and the economic growth trending, along with laws continually being implemented and the demand for Iraq’s oil as well as the continued support from her allies during the recent fluctuation in oil prices, there needs to be a growing urgency for the dinar to more closely represent it’s true value.
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Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…
Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance
The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.
BGG – (Since I NEVER do that – PAY ATTENTION…)
Read More: http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) – Reuters Article quote: “Ahli United Bank (AUB), Bahrain’s largest lender, has raised its stake in Commercial Bank of Iraq to 64.71 percent, according to a stock exchange statement. AUB purchased a 10 percent stake in Commercial Bank of Iraq…” Reuters!!! AUB purchased 25 billion additional shares in the bank. It did not mention the price AUB paid for the shares. In addition to Iraq, AUB has a presence in Kuwait, Egypt, Libya, Oman and Britain.
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rcookie (Dinar Guru) – Article: “Defense Minister accused of involvement in corruption-Jubouri” ABADI IS KNEE DEEP IN COMMITTEE TO INVESTIGATE CORRUPTION IN ARMS DEALS AND CONTRACTS... Quote: “…the parliament session yesterday that saw the questioning of the Minister of Defense was an important turning point in the history of the Iraqi Council of Representatives for being strengthened oversight role of the legislative authority.” SO…THE MERE FACT THAT A MAJOR ACTOR LIKE OBEIDI WAS BROUGHT TO PARLIAMENT YESTERDAY TO FACE QUESTIONING …UNDERSCORES AND STRENGTHENS THE COUNCIL OF REPRESENTATIVES OVERSIGHT ROLE OF THE LEGISLATIVE BODY…JUST GETTING THEIR MINDS RIGHT AS TO THE CHAIN OF COMMAND…NEW AREA OF TRANSPARENCY… ACCOUNTABILITY TOWARD TACKLING CORRUPTION REGARDLESS OF POSITION OR TITLE…
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mike (Dinar Guru) – Article: “House of Representatives questioned the Minister of Defense , headed by Vice President Sheikh Mohammed Iaram” …the political circus is still going strong. They got rid of the Interior Minister and now they’re going after the Sunni Defense Minister who’s throwing shade at Jabouri, the Sunni Speaker of the House. If they keep up, there won’t be anyone left in Parliament to throw shoes at. The other thing…Parliament’s out until August 9th, another week off after they just got back from vacation.
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RCookie NEWS Recap
(from) WEDNESDAY JULY 27TH, 2016
GENERAL
UN JAN KUBIS STATES THE PRIORITY FOR KURDISTAN NEEDS TO BE WAR ON ISIS AND NOT INDEPENDENCE…JAFAARI THANKS KUWAIT FOR ITS CONSISTENT SUPPORT ON ISI AND DISPLACED SUPPORT AND POSTPONEMENT OF DEBT…JUDICIARY ANNOUNCE RELEASE OF 10,791 WITH SUSPENDED SENTENCES AND FOUND NOT GUILTY WITH 1608 CHARGED WITH TERRORISM…MALIKI CALLS FOR INTEGRITY TO RESTORE STOLEN PUBLIC MONEY AND DISRUPT & DISMANTLE ECONOMIC BODIES SET UP BY CORRUPT..…MINISTRY OF HEALTH & ENVIRONMENT AGREE TO ACTIVATE JOINT COOPERATION WITH JAPAN THROUGH JICA FOR INDUSTRY AND SERVICE ACTIVITIES…DISPLACEMENT & MIGRATION MINISTER ASSERTS MORE THAN 1 MILLION DISPLACED HAVE RETURNED TO THEIR HOMES SINCE BEGINNING OF ISIS OCCUPATION…PLANNING REVEALS 850,00 WIDOWS AND 600,00 ORPHANS ON LATEST 2016 STATISTICS…IRAQ & UNESCO DISCUSS SCIENTIFIC & HUMANITARIAN CURRICULUM DEVELOPMENT TEACHERS PROFESSIONAL TRAINING…IRAN CUTS ELECTRICITY SUPPLY TO IRAQ NATIONAL GRID TO 2 PLANTS TOTALING 800 MW WITHOUT WARNING DUE TO SELF PRESERVATION MECHANISM SYSTEM…JAFARI REQUESTS JORDAN EXPEDITE & FACILITATE PROCESSING VISAS FOR IRAQIS…JABOURI MEETS WITH NEW ZEALAND AMBASSADOR TO THANK FOR ONGOING SUPPORT AND INCREASE FUTURE BILATERAL TIES…ABADI OFFICE DECLARES SOME CATEGORIES OF INCOME TAX STILL UNDER DISCUSSION…ZEBARI MEETS WITH US & JAPANESE AMBASSADORS TO DISCUSS CONTINUED SUPPORT AWAY FROM DONORS CONFERENCE…
Read More: http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) – Rasheed bank stated they cannot issue Mastercards without the deletion of the zeros…
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rcookie (Dinar Guru) – Article: “CBI gives, government banks until next September, to adapt itself to electronic systems” CBI ISSUES STATEMENT GIVING BANKS UNTIL SEPTEMBER TO ADAPT & IMPLEMENT ELECTRONIC TRADING SYSTEMS TO ADDRESS CASH CIRCULATION PROBLEMS (LIQUIDITY)…
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mike (Dinar Guru) – Article: “Iraq’s oil exports rise 3.2 million barrels in July” 3.2 mbpd multiplied by roughly $40 bucks a barrel gets Iraq a skosh over $3.8 billion a month in earnings…they’re not even making enough to make payroll. Add in the war on ISIL, infrastructure expenses and a bunch of other stuff and these guys aren’t in a good place financially.
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firefly (Dinar Guru) – Expecting a lot of forward movement! Things are moving along quite nicely.
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