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 | 1328.213 | 1327.549 |
| British pound | GBP | 1581.634 | 1580.843 |
| Canadian dollar | CAD | 916.634 | 916.176 |
| Swiss franc | CHF | 1220.570 | 1219.960 |
| Swedish krona | SEK | 139.657 | 139.587 |
| Norwegian krone | NOK | 144.460 | 144.388 |
| Danish krone | DKK | 178.426 | 178.337 |
| Japanese yen | JPY | 11.651 | 11.645 |
| Special Drawing Rights |
SDR | 1658.819 | 1657.989 |
http://www.cbi.iq/
Indicative rates – 09.10.2016
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Let me never fall into the vulgar mistake of dreaming that I am persecuted whenever I am contradicted. – R.W. Emerson
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*** Current News ***
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Mike (Dinar Guru) – …Shabibi worked in the Ministry of Finance and later moved into the CBI Governor position. He modernized the department, built them a new building, raised the value of the dinar from 3000-1 to 1166-1, reduced inflation from 64% to 5.2% and raised the reserves from $2.7 billion to $67 billion. Not to …..wait for it….shabby. So, what has Keywords done? Not much…Since he’s been put into the Governors postion the reserves have dropped from roughly $80 billion to somewhere close to $44 billion. Comparing these two is a disservice to Shabibi. He fought corruption tooth and nail, and for that effort, he was ran out of the country on trumped up charges brought by Haitham al-Jabouri and the rest of Maliki’s henchmen. Keywords is a Dawa party member who was put, by proxy, into the position he holds today by one of most corrupt members of Iraq’s government.
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Mnt Goat (Dinar Guru) – Article quote: “Due to security and stability reasons with the war with ISIS we are postponing the project to delete the zeros until early 2017”. Many want to know why they keep kicking the can down the road as far as the battle to liberate Mosul. They have been telling us all along that the battle for Mosul would not begin until the fall and that the target for complete liberation is by the end of the year 2016. We know that no RV will occur until ISIS is gone from Iraq. This is a FACT and they have told us so… Many also believe (as I do too) that the Iranian Kud forces must also withdraw out of Iraq as part of the security issue. Still yet many also believe that Maliki and his goons must be dealt with prior to any RV (as I am one too that believes this is true). If I remember on the calendar, the year ends on December not October as many…believe…and the government does not plan to even launch the lower denoms until Mosul it all completed.
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Kaperoni (Dinar Guru) – Article: “Economy and Investment parliamentary reaffirms its support for the efforts of the central bank in the stability of the dinar exchange” Quote: “The Commission on the economy and investment representative, Thursday, to support the efforts of the Central Bank to stabilize the dinar and prevent inflation…” …Shabibi did keep it stable and within 2% for 10 months. …Shabibi also was about to implement currency reform. He had a huge media campaign (with the help of the WB) before Maliki stopped him. The good news this time is that it appears that the CBI, WB and IMF and the government appear to be on the same page to accomplish reforms. We can only hope that they begin soon.
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www.DinarUpdates.com – save as favorite
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Mnt Goat (Dinar Guru) – Article: “ABADI NOMINATE OTHMAN GHANIMI THE MINISTRY OF DEFENSE AND MUWAFFAQ ABDUL HADI OF THE INTERIOR” Abadi did forward his nominations for the defense and interior ministers yesterday. However, parliament could not vote to ratify them since they could not muster a quorum. Also they planned to hold a no-confidence vote on the finance minister Zebari for corruption charges but this too had to postponed until Sept 20th… Article quote: “…at least some parliamentary blocs stayed away from the session in order to stymie the scheduled vote.” This news did not surprise me since the Kurds are not going to allow a vote against Zebari as they see this as a sectarian action on the part of the GOI to eliminate yet another position from representation by the Kurds. Zebari is in a position that is supposed to be filled by a Kurd.
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Shredd (Dinar Guru) – Article: “The dollar letter of credit” Quote: “...there is no reasonable answer specific and justifiable to not to return for opening letters of credit for the purposes of import , this dollar bleeding of our credit must be curbed to stop losses at all levels.” This is another good sign that compliance in cash transaction protection continues to be put in place. With these letters of credit, the banks are standing behind and guaranteeing transactions which will in turn ensure they do their due diligence to protect themselves. This adds to confidence in dealing with all banks…even the private banks.
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BGG (Dinar Guru) – Regarding this conversation about them delaying dealing with Zebari in Parliament today – there were “musings” about such shenanigans being possible in the News yesterday and the day before…not out of character for them… lots of changes going on in Iraq right now…
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Dinar Updates “AFTER CALL – LIVE”!!
“Dinar Info!!”
from Friday – “After Call” – w/BGG
& “Special Guests” – 8:30pm EST
from 9/9 – Smart phone user link – Click here
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Bruce (Dinar Guru) – We heard yesterday that Iraq’s financial and monetary reforms have been announced by Abadi in Iraq. This is what would serve as the international announcement that their currency is internationally tradable. Their key cards funded, pre paid debit cards can be used anywhere in the world. Some in US received key cards. We knew one individual received with back pay on his key card all the way back to January. We knew he had rate over $5. Since then the rate has gone up higher. We are in situation now we are in the calm before the storm. We know even though we don’t have specific dates and times, we can talk about or know for fact that there has been things said that indicate we are exactly at the right place at the right time…That we are truly, (based on the evidence,) at the end of the ride to receive this blessing very shortly based on evidence even through tonight. I am excited, encouraged.
BGG ~ COMPLETE STEAMING PILE OF B.S!!
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mike (Dinar Guru) – Article: “Parliament postponed its meeting to Tuesday after the Eid al – Adha” Quote: “...the House of Representatives to hold its meeting scheduled for today, to Tuesday after the Eid al-Adha festival corresponding to the 20th of September the current.” Another vacation.
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Shredd (Dinar Guru) – Article: “New investment roadmap through 2017” Quote: “National Investment Commission unveiled a new map will be made public next year to implement several projects…” Outstanding progress article. It’s a long road to recovery but this road map is exciting to see! Steps forward…steps forward!
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Central bank: there is no process of converting $ 6 billion out of Iraq
BAGHDAD / obelisk: The Central Bank announced the absence of any transfer of $ 6 billion and $ 455 million operation to calculate Hamad al-Moussawi outside Iraq.
According to the central bank sent the book to the Committee on Parliamentary Integrity, on 4 September 2016 to the absence of any transfer of $ 6 billion and $ 455 million outside Iraq to account Hamad al-Moussawi.
He held the book signing bank governor agency.
The leaked documents, indicated that al-Moussawi, fled the above amount to outside Iraq, and the issue was raised again by the Finance Minister Hoshyar Zebari said after the questioning session…
Read More: http://www.dinarupdates.com/blog/
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Backdoc (Dinar Guru) – REMEMBER THEY SAID THEIR FOREX VALUE WOULD MEET ITS REALITY VALUE BY OCTOBER! RIGHT ON SCHEDULE! THE TWO SHIA BROTHERS [IRAN & IRAQ] WILL STAY CONNECTED TO THE HIP. REMEMBER? “THE DEAL”. REMEMBER THEY LAUNCH THINGS ON THE 8TH! REMEMBER THE BUDGET WILL HAPPEN BEFORE THE 10TH! IMO.
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mike (Dinar Guru) – Article: “Rasheed Bank proceed with selling the dollar for citizens” Quote: “The general director of the Rasheed Bank Rashad Khudair Waheed told / KD / that the bank began to sell foreign currency from the dollar to citizens traveling outside of Iraq.” Iraqi’s have been getting pounded when they buy dollars from the traders, the spread is roughly 10% or 1290-1. Now, the Iraqi’s can buy the dollar very near the official rate of 1182-1 and get the MCP down below 1205-1, a IMF requirement before they can move to Article VIII.
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tman23 (Dinar Guru) – […the mere fact that MasterCard is posting an exchange rate (by default being international seeing that it is Master Card) is very good news. Regardless of the current rate, they are connected and accepting and posting an IQD rate on an international scale . Good news indeed (had we had news like this over the past few years we would be jumping out of our skin with excitement over the mere mention of Master Card and IQD in the same sentence.) ] WHAT IT MEANS IS THE BANKS ARE CONNECTED FOR INTERNATIONAL USE…SO 1305 HERE IN THE STATES…IS WHAT THE RATE IS…AS OF RIGHT NOW. [post 2 of 2]
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Allawi: Keywords ineligible for the management of the Central Bank of Iraq
Treasures Media / Baghdad confirmed by former Secretary of Communications Mohammed Tawfiq Allawi , said Governor of the Central Bank of Iraq on the Keywords, does not know how the bank manages under these tough economic conditions, noting that “Iraq is moving toward a serious economic cliff…
Read More: http://www.dinarupdates.com/blog/
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tman23 (Dinar Guru) – Here in the United States are Iraqi visitors with Iraqi bank issued Master Cards which are “debit cards” AND they can go to any ATM and withdraw currency from their Iraqi bank account which the exchange rate today is 1305 to 1 USD…Master Card determines the exchange rate conversion at the time of the transaction…The 1305 is expected to be the rate throughout the remainder of 2016…That is the exchange rate MASTER CARD IS APPLYING…Iraqi’s have access to their bank accounts through master card debit …WORLD WIDE… [post 1 of 2….stay tuned]
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Mnt Goat (Dinar Guru) – ...Maliki and his goons will be dealt with at the end of this ride to the RV process. How could they possibly secure all this new wealth unless they get rid of the culprits that keep stealing it. Here are some of the figures about to go down (INTERPOL investigators). Notice the timing of these investigations now that Amnesty is in the Gazette and finalized. Obeidi (former defense minister, dismissed under no confidence vote). FM Jaafari; Zebari (soon to be “former” minister of Finance…); Hammad al-Moussawi (state of law MP); Nori Al Maliki (former prime minister of Iraq). Note Maliki is on the list.
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Shredd (Dinar Guru) – Article: “Dollar selling through government banks” Quotes: “CBI decided to bank processing Rafidain and Rasheed foreign currency (dollar), “for the purpose of expanding the cash sales of US $ outlets…” “…that expansion of outlets selling the dollar would reduce the speculative price levels, pointing out that the move keeps the fixed rates for the currency...” Price stability is key for moving towards a future where the dinar reigns supreme in Iraq. They’ve got to have this locked down before moving forward. Curbing corruption by having price controls in place will provide the safe atmosphere for future changes in rates and moving to a single currency regime.
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Dinar Updates “Q&A – LIVE”!!
“Dinar Q & A Call!!”
Wed – “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST
from 9/7 – Smart phone user link – Click here
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Adam Montana (Dinar Guru) – As you probably know, we have a new Oil Minster in Iraq. (Jabbar Al Luaibi) It’s my opinion that he is making much more progress towards where we want to be than the last one... this reminds me of how aggressive Abadi was when he took his spot. Again, this is a GOOD thing the news is very consistent with reporting his enthusiasm to get things done. This is a great piece of the HCL. [post 2 of 2]
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Adam Montana (Dinar Guru) – No HCL yet, but there’s some other interesting news… most of it I can sum up very succinctly, so I’ll just go ahead and do it. – Formation of a committee to make Kurdistan independent – L.O.L. Not gonna happen, this is a complete smoke screen. As we draw closer to seeing real HCL news, which is what is currently happening, there’s simply no way Baghdad or simply the other 80% of Iraq outside of the Kurdish areas will be letting this key geographical area out of their grasp! What is MUCH MORE LIKELY is we will see a continuation of the trend that has grown over the last few years – the GOI, Parliament, basically all the “PTB”s will continue to get more generous with the Kurds, and they will get a very healthy share of the future profits from both an increase in the Dinar and the enormous potential profits from a successful HCL. That WILL happen, I am certain of it… [post 1 of 2….stay tuned]
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Aggiedad77 (Dinar Guru) – Article quote: “An informed, Wednesday source, about the involvement of the Minister of Higher Education and Scientific Research former Hussain al-Shahristani transactions related to the corruption of squandering state funds.” Another snake in the grass that slithers with Maliki…Shahristani is getting caught in the whirlwind of investigations that are ongoing in Iraq regarding a “Who’s Who” list of corrupt officials…Shahristani throws a bad light upon Iraq all the way back to his days in the Oil Ministry and with the oil contract bids stemming back to 2009 and 2010…let the boxes and boxes of files provide the proof that Abadi needs to put him away…and may the tracks from those files lead to where the money lies that he squandered away on his own…
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Iraqi Dinar/Dollar auction (most recent listing) 09-08-16
Currency Auctions Announcement No. 3277
This daily currency auction was held in the Central Bank of Iraq on the 09-08-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 30 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 136,428,356 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 136,428,356 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Mnt Goat (Dinar Guru) – Recently we have seen two articles just within the last couple weeks from Dr Shabibi stating the Maliki stole money from the CBI and why he was falsely accused of crimes within the CBI. Why now all of sudden these articles? What is about to happen in the CBI? Why Ayed Allawi too coming out with his negative statements about the current CBI administration? I will tell you why (read my lips!) DR SHABIBI IS COMING BACK TO THE CBI!
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rcookie (Dinar Guru) – […saw 2017 budget approval. Is that it now or does it need further discussion and approval?] NO..THAT IS THE AMENDED 2017 BUDGET LAW WITH ALL IMF SBA REFORM REQUIREMENTS… READY AND WAITING…
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SteveI (Dinar Guru) – Article: “Training staffs in preparation for the launch of loans” Quote: “The Central Bank has allocated nearly 6.5 trillion dinars for lending to projects.” There is sure lots of great news articles this week. [Really trying hard not to get excited. It’s like that roller coaster when you’re climbing to the top of the first hill and your tummy starts getting “butterflies” in anticipation…] I feel like you…close to the top with lots of excitement. Now all we need to get Mosul done with great days ahead.
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Dinar Updates “Q&A – LIVE”!!
“Dinar Q & A Call!!”
Wed – “Dinar Q & A” – w/RCookie,
Mr White & Hutch – 7:30pm EST
from 9/7 – Smart phone user link – Click here
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Iraq’s parliament to vote on embattled finance minister
Iraq’s Finance Minister Hoshyar Zebari.
BAGHDAD, Iraq – Iraq’s national assembly is expected to vote today on whether veteran Kurdish politician Hoshyar Zebari can continue as the country’s finance minister following a question-and-answer session with on August 27…
Read More: http://www.dinarupdates.com/blog/
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rcookie (Dinar Guru) – [they were talking about putting Amnesty law in the Gazette in a day or 2… they are holding it off?] YES…SO RATHER THAN RESCIND THE ENTIRE LAW…THEY ARE ADDING AMENDMENTS PRESENTED SEPARATELY AND THEN WILL POST NEW LAW WITH AMENDMENTS IN GAZETTE…
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Dr. Clarke (Dinar Guru) – Quick story, and we’ve never related any stories, till now: Last week, I spoke to a Divisional Exec. VP, at one of the Top 5 Banks in the U.S., about what their internal process is looking like, right now. Answer: “We’ve been moving key, specially trained Wealth Management-Type Personnel, new & old, around to areas where we know lots of new opportunity, wealth and investment will soon present itself. Some of these people, have even moved across states, for these new opportunities. We’ve geared up professionally, for the upcoming events, and especially for our Top Tier Clients, existing and future. Everything is in place and we’re waiting for these new opportunities to emerge shortly.”
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Frank26 (Dinar Guru) – …keep a close eye on Mosul, after Thursday. Alak’s missed steps are coming into focus be ready for some good news later in the month regarding stability and security. Watch CBI actions not the words spoken by others…not the RV but that of which surrounds it.
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Why Maliki wanted former central bank governor Sinan al-Shabibi thrown in prison?
Baghdad Post – With the arrival of international experts to Baghdad to investigate the corruption files in Iraq , especially in the case of smuggling money and laundered at the Central Bank of Iraq, stand out to the surface of events causes removal of the former province Dr. Shabibi by former Prime Minister Nuri al – Maliki…
Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – Article: “Central Bank announces bank equip Rafidain and Rasheed dollar ” Quote: “The Central Bank of Iraq, Tuesday, for processing bank Rafidain and Rasheed dollars to expand the cash sales outlets.” This just means they are liberalizing the foreign exchange as the IMF requests in the SBA making dollars more available. A condition to reduce the spread and get within 2%. The ultimate goal..compliance and move to Article VIII. The auction can’t go away until that happens. These moves were all documented earlier this year. It just take time for the CBI to do them. Now we watch and see if the spread comes comes down as a result.
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Mnt Goat (Dinar Guru) – This is what they mean with the CBI and finance committee claims they will slowly, gradually launch the new denominations. They are talking about initially launching some paper currency (the new lower denoms) and then later, after an RV, launching the new coins. This is the process. …another good topic today, that of the very recent announcement of the Central bank’s (CBI) intention to issue a new edition of 100,000 dinars category to the market. This is what we do know as FACTual – the CBI has told us the 50,000 and 100,000 notes are the last remaining large notes to be issued in currency reform. These notes are NOT FOR PUBLIC USE on the everyday streets as they are for inter-banking transactions (between nations) where larger notes are needed (international trade…hint..hint..hint..). So is it not a logical conclusion they are getting close and preparing for some kind of major change such as an “international” rollout of their currency thus going from a “CLOSED” economy to an “OPEN MARKET” (or global economy)…this means going to FREE Global/ International markets. [post 3 of 3]
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Mnt Goat (Dinar Guru) – …they are openly talking again about the dinar and the new lower denominations. This is exactly what we want to hear at this point in time. The project to delete the zeros is ongoing… So why do you think they have launched the e-dinar? Think about it – how much more of the hard currency will be out of circulation in just a month of using e-dinar and not having people walking around with bulging pockets of paper notes? I firmly believe this is going to be the tipping point for getting to the ratio of currency they want to remain in circulation. It is the final step in this direction of collection of the large 3 zero notes, at least enough so they can launch the lower denoms. Remember too that included in the launching of the lower denoms is also coins. These metal coins can not be circulated without a significant increase in value… [post 2 of 3….stay tuned]
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Mnt Goat (Dinar Guru) – So today let me point out to you yet more signs that tells us about my recent claim for a possible RV in the window of Sept thru Jan 2017. First we know that Iraq has worked very hard to get to a point where they can quality for “full” ascension to the WTO. Right now they are in “observer” status. They can attend meetings, get trained, get help and share their issues but they do not yet have all the benefits nor take on all the responsibility and rules of a member nation. But this is all about to change as the IMF us telling us…that Iraq is about to get “full” status. But first they must complete some mandated reforms… Article quote: “revealed that Iraq is a candidate for accession to the World Trade Organization, and as pointed to the need for the Iraqi government some major reforms…” But this is not the only good news… [post 1 of 3….stay tuned]
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rcookie (Dinar Guru) – […I thought the auctions were set up to get the USD off the streets?] THE AUCTIONS ARE TO ALLOW IRAQ THE ABILITY TO CONDUCT BUSINESS AND TRADE AND PAY FOR THE GOODS AND SERVICES AND HAVE AN ACCEPTED CURRENCY TO PAY VENDORS WITH AND NOT BE ANNIHILATED BY LACKE OF VALUE AND HAVING TO PAY A THOUSAND TIMES MOEE FOR THOSE GOODS IN THE PROCESS… ADDITIONALLY…CITIZENS TRAVELING ABROAD…STUDENTS …OR PEOPLE RECEIVING MEDICAL TREATMENTS…THAT NEED TO HAVE A RECOGNIZED ACCEPTED CURRENCY WITH THEM ARE ALLOWED TO TAKE…BUT WITH CAP RESTRICTIONS.
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Frank26 (Dinar Guru) – In Iraq -business that trade out of Iraq has to do everything in dollars. Auctions allow for them to buy dollars and then purchase the products from outside of their country. That is because they are not international and currency is worthless. Now they have letters of credit like you and me with any bank, so they have more time to pay the debt ie 30 days net, instead of cash when they order. This does eliminate the dual currencies which the iMF wants them to do and become a member of WTO. This all means they may have time to pay but they need to pay with their own currency and not the dollar. Which IMO leads then to RI/RV the dinar, and not much time to do it by the way. NO BODY IS GOING TO GIVE IRAQ AN LOC IF THEY ARE NOT GOING TO PAY IN DINARS…in our OPINION.
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rcookie (Dinar Guru) – Article: “Parliament will vote on bills and other discuss in its session on Tuesday” SO…..PARLIAMENT IS WORKING TOMOROW…[TUESDAY].
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Iraqi Dinar/Dollar auction (most recent listing) 09-07-16
Currency Auctions Announcement No. 3276
This daily currency auction was held in the Central Bank of Iraq on the 09-07-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 130,433,092 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 130,433,092 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – Article: “Washington suggest the IMF projects growth of non-oil sector in Iraq by 2018 ” Quote: “…spokesman for the US embassy, that “Iraq needs to do some major reforms to improve its climate for investment for both Iraqi and foreign parties…” What this means to me is the US expects currency reform soon.
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SteveI (Dinar Guru) – …ISIS appears to be almost history. Awesome progress by all forces involved…what is left of them is huge news for all of us. Each day is one day closer with such great news.
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rcookie (Dinar Guru) – MORE AND MORE TALK ON A DAILY BASIS FROM EVERY CORNER OF IRAQ…ABOUT THE DIRE ABSENCE OF HARD CURRENCY AND LIQUIDITY IN THE IRAQI MARKETPLACE…
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Iraqi Dinar/Dollar auction (most recent listing) 09-06-16
Currency Auctions Announcement No. 3275
This daily currency auction was held in the Central Bank of Iraq on the 09-06-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 135,228,418 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 135,228,418 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) – WOW…LOOK AT THIS ANNOUNCEMENT OF AN INDUSTRIAL CITY PLANNED FOR EACH PROVINCE AND 2 IN BAGHDAD… “According to the blueprint set by the Government industrial city in each province” Article: “Sulaymaniyah announces rise in the number of tourists by 500% compared to last year” 500% INCREASE IN TOURISM. YEP…NOTHING GOING ON THERE…LOL…IT IS AMAZING!!
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rcookie (Dinar Guru) – Article: “Washington suggest the IMF projects growth of non – oil sector in Iraq by 2018” Quote: “...the growth of the International Monetary Fund projects sectors is oil in Iraq by the year 2018, and revealed that Iraq is a candidate for accession to the World Trade Organization…” US MAKING STATEMENT IRAQ IS CANDIDATE FOR WTO ACCESSION…AND TIME TO COMPLETE MAJOR REFORMS TO IMPROVE THE INVESTMENT CLIMATE AND THE IMF & WASHINGTON HAVE IDENTIFIED SECTORS TO BE DEVELOPED TO ATTRACT INVESTMENT IN IRAQ…THEY ARE ANNOUNCING IRAQ IS READY FOR WTO ACCESSION! [AGAIN BEFORE THEY CAN JOIN…A REAL VALUE.] EXACTLY.
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rcookie (Dinar Guru) – Article: “The Iraqi government plans to impose new taxes” OK…SO SEE HERE AGAIN…TAKEN RIGHT OUT OF IMF LOI/MEFP/TMU REVENUE REFORMS…THE FINANCE COMMITTEE CAN WHINE AND BLUSTER ALL THEY WANT…THE IMF IS DRIVING THE BUS…” JUST SIT DOWN AND BUCKLE YOUR SEAT BELT”! AND…HERE AS WITH THE NEWLY ANNOUNCED ELECTRONIC DIRECT DEBIT COLLECTION OF ELECTRICITY AND TELECOMMUNICATION DUES AND TAXES…ALONG WITH DRAMATICALLY IMPROVED PROVIDING OF THESE SERVICES THE PUBLIC…WILL RESULT IN INCREASED OVERALL REVENUES AND FAR MORE EFFICIENT MEANS OF COLLECTING THEM ELECTRONICALLY… REMEMBER ALMOST 80% OF ELECTRICITY TAXES AND DUES WERE LEFT ON THE TABLE…THIS WILL ASSURE 100% EFFICIENCY…AND THESE AGAIN…ARE NON OIL REVENUES…
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Frank26 (Dinar Guru) – The HCL is in the budget…Abadi activated the HCL that is in the budget…The reason the HCL is in the budget is because of Article 140…just recently the Kurdistan and Iraq agreed on everything…all the way down to Article 140…and it caused the HCL to become activated inside of the budget…now they need for Parliament to do the final steps of the HCL…because the HCL was passed years ago…has now been activated but is not done. Parliament is dealing with these final steps…We know that the HCL is activated…because Kurdistan is now pumping their oil through their oil pipeline that was closed since March 2016…the Kurds only want their money…and that is why you don’t see the e-dinars or the IEX on September 2nd because they haven’t raised the value of their currency yet…the rate change is needed for many things…it is in demand to the budgetary issues of the 2017 budget.
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rcookie (Dinar Guru) – PARLIAMENT COMMITTEE REVEALS 0% CORRUPTION CONCERNING JICA LOAN DUE TO DIRECT INVOLVEMENT OF JAPANESE AUTHORITIES TO OVERSEE DIRECT APPLICATION OF FUNDING AND PROJECTS…WHICH IS EXACTLY WHY WB AND IDB ARE ACTING AS DIRECT LENDING AGENTS TO THE PROVINCES IN DEVELOPMENT PROJECT FUNDING EXECUTION… SEE WHAT IS POSSIBLE AND IN FACT HAPPENS WHEN THE CORRUPT CENTRAL IS MINIMIZED OR ELIMINATED FROM THE PROCESS…THINGS GET DONE!
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Iraqi Dinar/Dollar auction (most recent listing) 09-04-16
Currency Auctions Announcement No. 3273
This daily currency auction was held in the Central Bank of Iraq on the 09-04-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 126,207,446 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 126,207,446 |
| Total offers for selling (US$) | —– |
More: https://dinarupdates.com/observer/
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BGG (Dinar Guru) – “…the House of Representatives sent, during the last two days of the amnesty law to the presidency of the republic to see the paragraphs, materials and approved for publication in the Official Gazette.” General Amnesty will be law. I guess it didn’t happen – and get published in the Gazette weeks ago …looks like the next 2 days or so…IMF, WB and UN are behind this. For sure. …things are moving ahead for Iraq DOUBLE TIME…
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rcookie (Dinar Guru) – [in everything i have read from the IMF AND WB NO WHERE DOES IT SAY HCL IMO] COMPLETELY AGREE!! …LOOK OVER EXCHANGE RATE VALUE DETERMINANTS…NO HCL TO BE FOUND!!
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BGG (Dinar Guru) – [do you think they will actually get a successful no confidence vote on zebari?] I think it’s a foregone conclusion. He’s swinging every direction possible. He’s desperate. He was trying to blame Maliki for his demise – less than 24hrs ago. IMHO – they will start with ZEBARI and there will major players on all sides “bite the dust”. …my sense is – there is far more to this story than we know. [any chance this no confidence vote on Zebari has an impact on the HCL being implemented?] IMHO – no chance.
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Erbil and Baghdad reach agreement on Kirkuk oil exports
(IraqiNews.com) Baghdad – The Iraqi Oil Minister will soon visit Erbil to meet with his Kurdish counterpart and discuss crude oil exports and revenues.
MP Shakhawan Abdullah said, “The meetings will continue with Kurdistan Region’s Minister of Natural Resources who will be visiting Baghdad for the same purpose.”
“The Kurdish and Iraqi ministers will discuss the technical issues relating to the implementation of a previous Erbil-Baghdad agreement. The KRG and Iraqi government have also reached to an agreement over Kirkuk oil exports through the Kurdish pipelines,” Abdullah revealed…
Read More: http://www.dinarupdates.com/blog/
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tman23 (Dinar Guru) – A RV from rags to riches is pure speculation…Lifting the 3 zeros at the start of the New Year has been their topic in ink for years…How they will treat the 3 zero notes we hold is pure speculation… WE hope for rags to riches…BUT the only thing for certain is currency reform which includes removing 3 zeros from currency notes…and if that means NEW CURRENCY or includes the currency we hold also…that is the reality of it!
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Backdoc (Dinar Guru) – UPDATE ON THE IEX…THERE DOESN’T APPEAR TO BE LIVE PUBLIC TRADING UNTIL SOMETIME AFTER THE 15TH OF SEPT.! COULD THIS BE WHY THE BUDGET NEEDS TO BE PASSED BY THE 10TH? HMMMM.
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Mnt Goat (Dinar Guru) – Article: “Erbil and Baghdad reach agreement on Kirkuk oil exports” More news about HCL. Seems agreements have been made but…It is not all done or enforceable (problem all along with past agreements) until they pass the HCL law and make it all legal and binding. They are hoping to finally nail this down and complete HCL this time around. They also needed to get the 2017 budget done since it contains the expected barrel output of oil to fulfill the budget that must also be agreed upon by Kurdistan. But they are working on it and we should see HCL in the coming weeks get voted on in parliament.
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Dinar Updates “After Call – LIVE”!!
“Immediately following News Time!!”
from Tues. 8/30 “After Call” – w/RCookie,
Mr White & Hutch
from 8/30 – Smart phone user link – Click here
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Aggiedad77 (Dinar Guru) – Article: ” Hoshyar Zebari, the documents reveal the scandal for converting large sum of money “with forged papers” into account, “Hamad al-Moussawi” Quote: “Finance Minister Hoshyar Zebari revealed converter Huda Al-Ahli Bank director and member of the state law called Hamad al-Moussawi, an amount of 6 billion and 450 million dollars for his personal account.” Well…well…well…if you are going to hang me out to dry…let me see how many names I can cook up that can go along with me…everyone better be getting very nervous...the birds are starting to sing a swan song.
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Mnt Goat (Dinar Guru) – I am being told that if they stay on their timeframe, can handle ISIS up north and get all the needed laws passed, we will see the articles begin to appear sometime in mid to late October 2016 and they will then be moving towards a late 2016/early 2017 target. The CBI has told me they will guide us through the entire RV process as it is a multi-stage process. So far in the two instances when they almost RV’d (and it was postponed due to security and stability reasons) they did just that and inundated us with articles about the process and how it was all going to work. So my contact has told me once again they will do the same in preparation for the 2017 RV target and so expect to see once a forthcoming inundation of articles and news about the process as they re-educate the citizens of Iraq (and us) once again. [post 2 of 2]
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Mnt Goat (Dinar Guru) – Today I bring you yet more good news…the final passing of the HCL thru parliament was inevitable and just a matter of a short time. It MUST get passage in parliament to become law and be done...When this final passage in parliament does happen it will be larger than HUGE. It will be greater than the Amnesty law we witnessed last week. …also…there are some other contentious laws that have been kicking the can down the road. The Iraqi news has talked about the Accountability and Justice law many times in the recent past…it appears there were some disputes with the law and the UN had to get involved to help settle the disputes and negotiate. …there is an overall plan being executed with all these needed laws… The train is fast moving down the track. We all know what the final destination of this train ride will be and where it will bring us..hint…hint…lol. [post 1 of 2….stay tuned]
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DU NEWS RECAP by RCookie
(from) THURSDAY SEPTEMBER 2nd, 2016
PARLIAMENT
PARLIAMENT INTEGRITY COMMISSION INTENDS TO QUESTION PM ABADI AND FM JAAFARI AFTER EID HOLIDAY…REFORM PARTY MP BAAJA ASSERTS ZEBARI VOTE OF WITHDRAWAL OF CONFIDENCE WILL TAKE PLACE NEXT TUESDAY…KURDISTAN DEMOCRATIC PARTY ASSERTING TREMENDOUS PRESSURE TO PREVENT SACKING OF MOF ZEBARI…PARLIAMENT ECONOMIC COMMISSION ASSERTS BORDER CROSSING LAW WILL INCREASE IMPORT REVENUES BY TRANSFERRING BORDER POINT OVERSIGHT & ENFORCEMENT TO PROVINCIAL AUTHORITY..PARLIAMENT MEMBER SAADI ASSERTS PARLIAMENT EFFORTS NEED TO BE DIRECTED AT REFORMS INSTEAD OF CONFLICTS & BICKERING CREATING BOTTLENECKS…ECONOMIST & BANKING EXPERT NASIRI CALLS FOR IMMEDIATE IMPLEMENTATION OF SUPREME COUNCIL FOR PRIVATE SECTOR FOLLOWING THE SUCCESS TEMPLATE OF THRIVING NEIGHBORING COUNTRIES INVOLVED IN ECONOMIC POLICY & ACTION DECISION MAKING IN AGRICULTURE, ENERGY, INDUSTRY & TOURISM AS PART OF DIVERSIFYING 2017 BUDGET REVENUES IN LINE WITH IMF MANDATES,…PARLIAMENTARY FINANCE MINISTER HOSSAM ANNOUNCE INTENTION TO REDUCE 2017 BUDGET EXPENDITURES TO ABOUT 80 TRILLION IQD IN LINE WITHY IMF LOI EXPENDITURE REFORMS…PARLIAMENT LEGAL AL-SADOUN ASSERTS AMNESTY LAW WILL BRING RELIEF TO 2017 BUDGET AS RELEASE OF PRISONERS PROVIDE RELIEF FROM STATE REVENUES TO SUPPORT PRISON POPULACE…MASSOUD RATIFIES AMNESTY LAW AS A PRELUDE TO ITS APPLICATION AFTER AMENDMENT TO ARTICLE VIII…KURD MP CHENKALI ASSERTS THAT ZEBARI CHANCES OF SURVIVAL STILL STRONG DUE TO SUPPORT FROM NATIONAL LED BY ALLAWI AND MASS CITIZEN SUPPORT…ABADI RECEIVES CHAIRMAN OF INTEGRITY AND FINAL APPROVAL REITERATES CALL TO RESIGN ACCEPTED JULY 4TH…
Read More: http://www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) – [Didn’t a wise man once say “when you see the HCL a minute latter you will see the rate“.] Yes. You have HCL in Budget… You have DRS [Dr. Shabibi ?] talking…You have a Budget in this month before the 10th as A [Abadi ?] said…
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wmawhite (Dinar Guru) – [Revaluation has to…have HCL in place?] …items used to determine the value of a currency…I do not remember anything on the list about an HCL…the HCL is an internal issue to Iraq and Kurdistan and pertains to oil revenues. It is a budget issue.
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rcookie (Dinar Guru) – [Did the HCL really pass today?] NO… THERE WERE DISCUSSIONS ON OIL AGREEMENT BETWEEN BAGHDAD & ERBIL AT TUESDAYS MEETING BETWEEN BARZANI ABADI & JABOURI …FOR PURPOSES OF THE 2017 BUDGET…
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Reports: secret negotiations conducted by the United Nations to resolve the Justice and Accountability Act
BAGHDAD – Iraq Press – August announced a senior political source in the National Alliance that secret negotiations conducted by the United Nations with the leaders of the main political blocs to end the dispute regarding the accountability and justice law in preparation for submission to parliament for a vote.
The source added, in a statement to the newspaper (life) that “the talks under the auspices of the United Nations office in Baghdad to end the dispute in some paragraphs of the Accountability Act, which faces strong opposition from a coalition of state law and the Sadrists and the Virtue Party and the Badr Organization, who consider that the law allows for the figures in the party Baath political participation. “…
Read More: http://www.dinarupdates.com/blog
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Frank26 (Dinar Guru) – Video: “activation of the oil agreement between Baghdad and Erbil Thursday” Quote: “Activation of the previous agreement between Baghdad and Erbil regarding the export of oil and the two sides vowed to abide by its provisions apply…” BINGO!!! TEAMS heard it in Arabic…This is real BUT…We seek MORE confirmation…You see …The key word is Activation for it has been Passed years ago …Just never Activated inside their Budget! IMO …This is Tremendous!
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Frank26 (Dinar Guru) – I do not know if we will see an RV this year or not…but I have told you very clearly that we are in the RI state for the fiscal part that starts on October 1st…you will see…God willing…the budget and things next month in September in the middle that will guide us and tell us more about that…
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Adam Montana (Dinar Guru) – [I thought it would be the Central Bank of Iraq calling the shots, how is it that now Iran is somewhat influencing said fixed interest rates they’ll have that other major lenders have been protesting?] You bring up a valid point, but I’ll assure you that I’m not worried about Iran’s influence. Of course they do have “an” influence, but at the end of the day it’s not going to be a “major” influence, and that’s the only thing I would worry about. Here’s looking to a SOLID SEPTEMBER!
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