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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http://www.cbi.iq/

Indicative rates – 08.15.2016

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Shallow men believe in luck. Strong men believe in cause and effect. – Ralph Waldo Emerson

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*** Current News ***

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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
8/15 “After Call” – w/RCookie,
Mr White & Hutch

from 8/10 – Smart phone user link – Click here

Hey gang – out of respect… I am putting a hold on the official “News Time” and “After Call” for tonite. One of our gang has a family emergency – we’ll regroup sometime tomorrow.

Thanks

BGG

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mike (Dinar Guru) –    I’ve always read that the WTO wants Iraq to:  “He said the main duties of the task force are reducing the difference of value between Iraqi Dinar and US dollar and activating Iraq’s private sector.”   …the dollar to dinar difference right now is about 100,000%, there’s a big space available to raise the value of the dinar without it having to be 1-1…the WTO isn’t saying the dinar has to be close to a dollar, it’s saying that Iraq needs to close the gap a little, like a nickel, dime or quarter rise, not the full dollar amount.
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tlm724 (Dinar Guru) –   Article:  “The Iraqi government signed on Thursday a memorandum of understanding with the United Nations requires the involvement of international investigators in the files, “grand corruption“  For months, Iraqis organize demonstrations in the capital Baghdad and the southern provinces, demanding the formation of a government of technocrats, and an end to political wrangling in Parliament, and to provide the corrupt to justice… hopefully this will help calm the people a lil.
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SteveI (Dinar Guru) –   There is just too much going on in the back ground to support this happening that I am extremely encouraged. There are a few things going on within the ISX that if our team can really confirm, then that alone would put the icing on the cake for me. I believe that once Mosul is under control we are going to see some very happy days.
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rcookie (Dinar Guru) –  Article quote:  “Revealed Badr parliamentary bloc, on Saturday, on the nomination of Qasim al – Araji , an official for the post of interior minister, noting that the cabinet reshuffle will be presented to a vote next Monday.”  Article:  “Adeeb: National Alliance blocs will meet tomorrow to decide the general amnesty law”  IRAQ IS GONNA GET THEIR VOTE ON FOR MONDAY…BOTH LAWS GETTING REQUISITE COMMITTEE REVIEWS TOMORROW [SUNDAY]…AND PARLIAMENT FOR VOTE MONDAY…
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Iraqi Dinar/Dollar auction (most recent listing) 08-15-16

Currency Auctions Announcement No. 3259

This daily currency auction was held in the Central Bank of Iraq on the 08-15-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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tlm724 (Dinar Guru) –   Article quote:  “the Governor of the Central Bank, to “the absence of fiscal policy in Iraq,” and stressed that it is managed on the everyday problems and social pressures and not drawn for the future “, and was charged with the institutions’ work for political interests disability monetary policy in the country”  “that “the economic reform process in Iraq is still at the beginning of the first stage”  And how many years have you been the governor of the CBI?  Look I’m not saying he is a miracle worker and we know he has to have support, laws and stability…but really?  The CBI is an independent body and I don’t accept his performance thus far!  He has done very little to correct the policy and if it weren’t for the IMF pulling the strings behind the scenes we wouldn’t see new policy’s written and implemented!  The good news is that the policy is being changed…
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BGG (Dinar Guru) –  [On a scale of 1 to 10, how excited are you about UN intervention into Iraq corruption files?]  9 – it’s why things are moving so fast.
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rcookie (Dinar Guru) –    THERE ARE INDEPENDENT POLITICAL BLOCS MAKING LAST DITCH EFFORTS TO OBSTRUCT THE GENERAL AMNESTY LAW SAYING THAT THE PASSAGE WILL RELEASE MANY TERRORISTS BACK INTO THE COMMUNITIES …JABOURI STATES THE LAW WILL BE VOTED ON IN MONDAY’S SESSION.
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mike (Dinar Guru) –   [IMO, if the plan is on target, we are watching the CBI now get ready for the initial increase in value… Reference Guru Kaperoni post 8-13-2016 ]  I’m hoping the plan is on target, but it sure seems like a tall order in a very short period of time. In just a little over five months we’re hoping that Iraq will get rid of the exchange restrictions, get the spread down from 1287 – $1 to something less than 1205 – $1 and the dinar’s in Article VIII, right?  …I don’t see a way for the dinar to rise unless it’s internationally recognized, other countries have to trust it before they’ll accept it, right?  Without the ability to purchase imports with the dinar, I don’t see how they can get the value to .10, they’ll need that to create demand over the dollar. So, that begs the question, will they start at 1182 or will they start at a nickel and go from there?For sure, we’re going to have to see these guys move at speeds yet unseen to realize the goal of 50, 100 and 200 dinar notes in early 2017, here’s hoping they do it.
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BGG (Dinar Guru) –    [i really do not see this going more then few more weeks not month … Next month will be something.]  I know a few very good sources that feel before the end of the year is not unrealistic.
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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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Aggiedad77 (Dinar Guru) –   Article:  “Iraq surpassed the most dangerous phase of the financial crisis”   this article IMO is HUGE…HUGE…it’s telling us that not only has Iraq passed the financial crisis… HUGE… but they have done so in a SUCCESSFUL way…again HUGE…plus they are SCREAMING at us about the world’s growing CONFIDENCE in Iraq…once more…HUGE…This has the ring of financial reform to it from top to bottom…Rasheed and Rafadain Banks stepping up to offer loans…loans that will bring providing a productive economy through the transformative process that will allow for multi-resource production programs…It is this kind of kick start to the economic reforms that will help Iraq get a running start at other revenue sources besides oil…HUGE… HUGE…it’s being orchestrated right before our eyes….HUGE…IMO of course.
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BGG (Dinar Guru) –    [ I am trying to figure out if there will be a float or managed float of the dinar…?]  I don’t know about float – but certainly “positioning” to do something… and that is EXCITING.
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DU NEWS RECAP by RCookie

WEDNESDAY AUGUST 10TH, 2016

GENERAL

GOLD AT 219,00 IQD TO THE WEIGHT…AUCTIONS AT $150 MILLION…ZEBARI PRESIDES OVER ECONOMIC AFFAIRS COMMITTEE ALONG WITH CBI GOVERNOR & CHAIR OF INVESTMENT AUTHORITY & INDUSTRY MINISTRY MEETING TO DISCUSS WINTER STRATEGY FOR BAGHDAD SERVICES PROJECTS WATER, SEWERAGE AS WELL AS PRIVATE SECTOR MEDICINE AND INDUSTRY…ABDUL BARI ZEBARI ELECTED TO PARLIAMENT FOREIGN RELATIONS COMMITTEE CHAIRMAN…JAFAARI ANNOUNCES ESTABLISHMENT OF FOREIGN CONSULS IN BASRA PROVINCE INCLUDING US, RUSSIA, KUWAIT, IRAN AND EGYPT FOR ECONOMIC & POLITICAL FACILITATION…NORWAY ANNOUNCES TOTAL RECONSTRUCTION SUPPORT TO IRAQ $10.6 MILLION FOR 2016…

Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) –   Article: “Central Bank: the issuance of three categories of cash in 2017”   IMO, if the plan is on target, we are watching the CBI now get ready for the initial increase in value which will allow the 50, 100, 200 to begin circulation at the beginning of 2017.   Which as I have already stated, means the dinar needs to rise to about 5 or 10 cents. They will not release these notes until the value is appropriate for the notes to warrant circulation. So we are seeing the banking system now being prepared by laws, compliance with the IMF etc.. The next several months will be very busy I would expect in the media.
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Kaperoni (Dinar Guru) –    Article:  “Zain launches electronic payment solutions and prepared the first time in Iraq”   Quote:  “…first electronic payment means in Iraq will contribute to the expansion of e-commerce areas and will have a similar effect to the effect of “PayPal” on e-commerce in the United States or the impact of credit cards on the global economy.”    This IMO is all part of the plan to make the dinar a competitor in foreign currency.  Lining up to open the banking system.
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BGG (Dinar Guru) –    …the General Amnesty Law…our researchers tell us the 1st draft will be in Parliament over the weekend… NOT DONE OR VOTED ON!!   [the gen amensty law may be voted on next week?]  That appears to be correct.   …they will work over this draft, read it a couple of times and go from there. It appears close.  [what happen to make them move so fast now?]  Easy – IMF, WB, UN – M-O-N-E-Y!!
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