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 | 1323.840 | 1323.178 |
| British pound | GBP | 1577.497 | 1576.708 |
| Canadian dollar | CAD | 903.670 | 903.218 |
| Swiss franc | CHF | 1220.696 | 1220.086 |
| Swedish krona | SEK | 138.754 | 138.684 |
| Norwegian krone | NOK | 140.482 | 140.412 |
| Danish krone | DKK | 177.966 | 177.878 |
| Japanese yen | JPY | 11.674 | 11.668 |
| Special Drawing Rights |
SDR | 1656.478 | 1655.650 |
Indicative rates – 08.09.2016
http://www.cbi.iq/
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An armed society is a polite society. Manners are good when one may have to back up his acts with his life. – Robert Heinlein
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*** Current News ***
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BGG ~ Announcement coming tomorrow…
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mike (Dinar Guru) – Article: “The terms of a loan of the International Monetary Fund for Iraq .. prejudice to national sovereignty” When you get down to it…Iraq is a sovereign country, they should make their own decisions without coercion. The problem is, they have no political will to make changes on their own, they have to be led by their nose to get anything done. It’s embarrassing that the IMF and WB have to step in and right the ship, but at this point, Iraq must be used to others coming in and fixing their problems.
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BGG (Dinar Guru) – …they are moving forward at great speed – right now… most are justifiably excited right now.
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Chattels (Dinar Guru) – Parliament will reconvene Tuesday and completed questioning of the Minister of Defense. Otherwise a very unremarkable agenda for Tuesday.
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Dinar Updates “After Call – LIVE”!!
“Immediately following News Time!!”
8/05 “After Call” – w/RCookie,
Mr White & Hutch (Recording)
From 8/005 – Smart phone user link – Click here
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wmawhite and rcookie (Dinar Guru) – The Kuwaiti Experience…What does Iraq have in common with what Kuwait experienced. We do know that from the summer going into March of the next year that the Kuwait dinar was off the markets…the banks were closed. We do know that exactly 26 days after the end of the war the banks reopened by instituting a new Kuwait dinar at a value of 50 – 55 cents per dinar and the old Kuwait dinar that anyone may have left the country with fleeing the war at 1 – 1. The Kuwaiti experience is instituting a new currency at an old rate and all of the other banking functions that had to be started back up…credit cards, debt cards etc…that is what they [Iraq] are getting ready to do. They have a brotherly neighbor that is a success story that they are mirroring and look where Kuwait ended up…!
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ADMINBILL (Dinar Guru) – ANOTHER WEEKEND HAS COME AND…GONE WITH THE HOPE OF THE ELUSIVE RV AND THE RUMORS AND SPECULATION THAT SURROUNDS THE CONCLUSION…NOT HERE YET …TODAY HAS BEEN A VERY STRANGE DAY IN DINARLAND. A DAY THAT HAS BEEN REFERRED TO AS “DEAD QUIET” BY SEVERAL CONTACTS. UNDERSTAND THAT THIS HAS BEEN AN INCREDIBLY COMPLEX AND DIFFICULT PROCESS TO COMPLETE…I KNOW MANY…ARE HOPING AND PRAYING FOR THE COMPLETION OF THIS EVENT. DON’T STOP. BE AT PEACE.
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rcookie (Dinar Guru) – Article “Invalid: donor funds will move Iraq development and attract foreign investors” Quote: “Prime Minister’s Adviser for Economic Affairs Mohammad Saleh appearance, the donors ‘ Conference funds represent “a step” to move the development in Iraq and bring stability to post “ISIS”, noting that it also represents an opportunity to attract foreign investors.” THERES THAT STABILITY WORD AGAIN…AND DIRECTLY ADDRESSES DOUBTERS WHO THEORIZE THAT IF THEY KEEP GETTING LOANS..WILL SLOW DOWN DEVELOPMENT AND REFORM PROCESS…
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Aggiedad77 (Dinar Guru) – Article: “Observer news / Baghdad…private sources: the call for an urgent meeting chaired by President Fuad Masum ,and the presence of al – Abadi, Maliki and al – Jubouri and Najafi Allawi and al -Hakim and other political figures” Big POW-WOW on the horizon…wonder if he tells Maliki his time is up and to stop clowning around…then he looks to Abadi…we got Mosul yet…oh and by the way A…your meetings with Dr. Shabibi…let’s get that wrapped up too…we got bigger fish to fry…Parliament is playing right into our hands.
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rcookie (Dinar Guru) – 1ST WE REPORTED LICENSES BEING ISSUED…AND NOW… “Iraq Stock Exchange is preparing to launch investment funds and expert prepared “solution” to the problems of funding and unemployment” BOULAYAAAAAAH! Article quote: “IRAQI STOCK EXCHANGE ANNOUNCED TODAY THE LAUNCH OF INVESTMENT FUNDS AND ADD NEW FINANCIAL INSTRUMENTS FOR TRADING IN COLLABORATION WITH THE CENTRAL BANK AND GIVE THE FUND A PRIORITY AWAY FROM THE COMMITTEE ISSUING LICENSING FROM JULY 17TH IN THE SECURITIES COMMISSION DEPARTMENT OF REGISTRATION OF COMPANIES TO ATTRACT NATIONAL AND FOREIGN SAVINGS & INVESTMENT IN SECURITIES AND ADD TOOLS TO FINANCIAL TRADING…” FOLKS THEY ARE SOOOOOOO READY!
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Kaperoni (Dinar Guru) – Article: “Iraq Stock Exchange is preparing to launch investment funds and expert prepared “solution” to the problems of funding and unemployment” They been talking about this for a couple of years. ISX transactions are in Dinars so until the CBI changes its monetary policy, I do not think it can happen. We shall see. A good thing for sure.
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Iraqi Dinar/Dollar auction (most recent listing) 08-08-16
Currency Auctions Announcement No. 3254
This daily currency auction was held in the Central Bank of Iraq on the 08-08-2016
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$) | 142,501,527 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 142,501,527 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) – Article: “Real Estate Bank to stop granting loans for “lack of liquidity” VELOCITY EFFICIENCY…OR LACK THEREOF…THE POT IS BOILING OVER!!
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ADMINBILL (Dinar Guru) – NO ACTIVE RV AS YET…SOURCES POSITIVE. MUCH IS HAPPENING.
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wmawhite (Dinar Guru) – [Executive order 13303…what is it and what does it mean for us dinar holders?] What is an Executive Order? An Executive Order enables the president to by pass or step around the normal appropriation process the way it is laid out in the constitution and to do things and to use his executive power to carry out certain events and in this case directing funding, primarily humanitarian funding and assistance, through all of the different Federal agencies toward the country of Iraq. And it says because of the emergency and in the last couple of years it’s been humanitarian emergencies… Each time it has been signed, I read it over and over and I can’t see anything in there that pertains to whether or not…being a sovereign country having it’s own currency…as to whether or not it will change it’s value or not change it’s value. I don’t see any impact on it one way or the other. So what is the rumor…has it been signed or not been signed…I don’t see a connection between the two.
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wmawhite (Dinar Guru) – [Among the factors encouraging foreign investment, how important is the current IQD low exchange rate?] the low value is always good for a country to encourage investment…in a limited capacity…however…with Iraq when the flood gates open, Iraq will need to leverage its currency with a greater value.
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Bondlady (Dinar Guru) – Article quote: “Baghdad She said the oil marketing company Iraq (SOMO) said in a statement on Thursday that Iraq pumped 4.632 million barrels per day of crude oil in the month of July, recording an increase of 4.559 million barrels per day in the month of June.” the most oil pumped per day during saddams time at the end was 3 millon bpd. this is just awesome and they’re pumping more an more every day. even tho low oil prices this is great for them and it will only get better now as they get there crap together economically more an more every day…love it .
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tlm724 (Dinar Guru) – Article quote: “Parliamentary Finance Committee unveiled on Thursday a new law to regulate the work of government banks, is done within the Commission. As it pointed out that this law will cancel all previous laws on banks” …now thats hot! we have waited soooooooooo long for these banking laws and here they are…
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Abadi plans to put forward three candidates for each ministry to parliament soon
House of Representatives awaiting the arrival of the new cabinet reshuffles, “” Prime Minister Haider al-Abadi; to study; in preparation for a vote in parliament.
According to leaks that the prime minister intends to put forward three candidates for each ministry names are selected after negotiations with the political blocs. Provided that the “efficiency” are essentially standard in filtration.
In this regard, MP for the coalition of state law, Haider Mawla says the parliament awaiting a list of the names of the Prime Minister “substitutes” for those who have resigned or sacked minister…
Read More: http://www.dinarupdates.com/blog/
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Bruce (Dinar Guru) – We should be highly expectant… it is about our time. We know our time very close with the info we are getting. I have heard that this so call RV has happen, taken place. I believe this is true. WE know the redemption centers are on black out. WE know they are quiet. They are ready, trained, prepared on deluru machines. We believe that we are very very close to what will be our final receipt of our blessing. We have given you some time windows and frames in the past. We are hearing some of those yes. …we do have a reason to believe the rates have stabilized and are locked which is interesting. There really maybe nothing more than a slight time issue on the release. …all have a green light, just up to the final button pusher to release it. We are looking good for take off, lift off.
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Frank26 (Dinar Guru) – …they are on the speed of light on their financial reforms…their Monetary Reform…it is just now starting to march forward…IMO…it is a new rate that they need…like I have told you…it is the RI into the RV…but this is just the RI. …IMO…all of these indicators…indicators of the RI into the RV…the RATE CHANGE…is the next goal…IMO…in order for them to enter into a cashless society…You know what else this means…the concept of going into digital currency…it means there is no LOP…
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Kaperoni (Dinar Guru) – We sure don’t have all the answers, but we do know that the plan is to raise the value.
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DU NEWS Recap by RCookie
(from) MONDAY August 8th, 2016
ECONOMY/BUSINESS/INVESTMENT
MoF ZABARI MEETS WITH KUWAITI DELEGATION TO NEGOTIATE TAX SETTLEMENT FOR ZAIN TELECOM AND LEGAL CONTINUATION OF SERVICE PROVIDING IN IRAQ…LEADER OF ISLAMIC DEVELOPMENT BANK (SAUDI) MUHAMMAD ALI EXTENDS INVITATION TO PRESIDENT IRAQI DEVELOPMENT & RECONSTRUCTION AND CBI AND WORLD BANK TO MEET IN BANKS HEADQUARTERS JEDDAH SOON TO DISCUSS IRAQS DEVELOPMENT NEEDS THROUGH RECONSTRUCTION FUND…ISX POSTS 3RD STRAIGHT DAY OF GAINS ENDING UP 0.25% OR 1.42 TO 560.03 DRIVEN BT BANKING SECTOR…CHINESE AMBASSADOR CHEN ANNOUNCES RESUMPTION OF WORK TO COMPLETE GALSAH POWER STATION SOON IN SAMARRA SALAHUDDIN STARTING AT 1260 MW AND RISE BY 2500 MW…CBI ANNOUNCES “OPEN DOOR”POLICY TO COMMUNICATE WITH BANKS & FINANCIAL COMPANIES & MONEY TRANSFER COMPANIES INCLUDING BROKERS BUYING & SELLING FOREIGN CURRENCIES AND INVESTIGATE BLACKMAIL CHARGES OF CERTAIN CBI OFFICIALS…IRAN AWAITING ON KURDISTAN DECISION ON OIL EXPORT AGREEMENT BETWEEN TWO…ZEBARI MEETS WITH OIL MINISTRY TO DISCUSS NECESSARY INVESTMENT FUNDING FOR DEVELOPMENT IN THE OIL SECTOR… LAND TRANSPORT SIGNS COMPANIES LARGEST CONTRACT EVER TO DELIVER CEMENT FRO M SULAYIMINIYAH TO ALL PROVINCES…LAND BANK PAUSES TO AUDIT LOAN TRANSACTIONS DUE TO LACK OF LIQUIDITY…BASRA INT’L AIRPORT TO OPEN ROUTE BETWEEN BASRA & TEHRAN STARTING TOMORROW…TRANSPORT MINISTER ABTAN ANNOUNCES OPENING OF MASSIVE BAYAA TRAVELERS STATION WEST OF BAGHDAD IN 10 BILLION PROJECT THAT INCORPORATES AIR, RAIL, ROAD AND PORTS AND SERVE AS ANNEX TO KARBALA HALL AT BAGHDAD INT’L AIRPORT…MINISTRY OF CONSTRUCTION & MUNICIPALITIES DISTRIBUTES 8 BILLION IQD FUNDS IN LOANS FOR BENEFICIARIES OF DIWANIYAH PROVINCE SHARE OF TOTAL 850 BILLION IQD PROGRAM BY CBI…ECONOMIST ANTOINE AS HEAD OF STATE COMMITTEE TO PROMOTE PRIVATE SECTOR ADVANCEMENT IS HINDERED BY RED TAPE & CORRUPTION AND PROPOSES REVIEW BY “PENTAGONAL COMMITTEE…LEADING NATIONAL ECONOMISTS WARN OF CONTINUED HIGH DOLLAR EXCHANGE RATE WHICH HAS LEAD TO INFLATED PRICES OF GOODS & SERVICES AND SEEK TO REDUCE THE CURRENCY AUCTION BUSINESS….STALLED PROJECTS IN MUTHANNA PROVINCE ESTIMATED AT 30.2 BILLION IQD…NATIONAL INVESTMENT COMMITTEE HAS FORMED AN INTERNAL COMMISSION TO DEVELOP A NEW INVESTMENT MAP FOR BASRA & OFFER MAJOR INVESTMENT OPPORTUNITIES WHILE CALLING FOR ACCELERATION TO PORT OF FAW PROJECT…
Read More: http://www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) – Abadi is doing a wonderful job…and he is working with many other agencies that are international to rebuild his country… the confusion that we saw is clearing up as we get closer and closer to the landing of this investment… They gave you Fallujah…then economic reforms everywhere at the speed of light…economic reforms are all over the place…let them give you Mosul…and then IMO…you will see the financial reforms. Let’s talk real quickly about the MasterCard that was supposed to come out on the 2nd…where is it… as far as the MasterCards, as far as Mosul…as far as anything else…they need to raise the value of their currency first… [post 2 of 2]
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Frank26 (Dinar Guru) – …the month of July IMO…was a coming together of many different parts…you have the IMF with Iraq…you have the United States with Iraq…you have the US with many different countries in what they are trying to do with trade…you have the banking systems around the world who are literally salivating…every time they look in the direction of Iraq…Why…you have a lot of countries and companies that are pouring in now and they weren’t in years before…why…I mean every country that you can think of wants to come in and be a part of Iraq’s future…but…at a program rate of 1166… [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) – Article: “Continuing efforts to join the World Trade Organization” This is good news. Remember, one of the conditions set a few years ago was the raise the value of the dinar prior to WTO accession.
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