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 – 09.12.2016
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Government does not solve problems; it subsidizes them. – Ronald Reagan
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*** Current News ***
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Breitling (Dinar Guru) – …No. I’m all about measure and I don’t know how to measure that. It’s very simple…if you see someone and they have a car frame and it’s just sitting there and they have an engine and it’s just sitting there separate and they’ve got wheels and they’re separate…you know they’re building a car especially when you look at the parts…you probably can tell what type of car they’re building. Is it going to be a race car? Well if they’re using race tires and an engine that’s bigger than what everyone else’s then it’s pretty much going to be a race car right? So that’s what we’re looking at. That’s the only thing I can go by. To me it sounds goofy when I have to use that type of example…a lot of people got into the dinar because of intuition but I don’t calculate by intuition. I don’t believe in it. I don’t believe in hope. I don’t believe in any of that stuff. If I can’t see it. I can’t measure it. I can’t invest in it. So you know this is an indicator but it’s nothing that’s measurable so you have to be very cautious when looking at it. So very very good articles coming out. [post 2 of 2]
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rcookie (Dinar Guru) – Article: “Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations” …THE IMF…IN AUDITING CBI IS SURPRISED TO FIND $10 BILLION MORE IN RESERVES THAN PROGRAMMED FORCASTED AMOUNT...AND MORE INTERESTING… COMMENTS BY THE IMF ON THE CBI PERFORMANCE DURING THESE CHALLENGING ECONOMIC TIMES…AND ADHERENCE TO…MORE THAN 20 INITIATIVE THE IMF SPELLED OUT TO CBI…AND IN PARTICULAR…THE IMPLEMENTATION OF THE ISLAMIC FINANCIAL INSTITUTIONS ACT…WHICH WAS IN THE 2016 LOI/MEFP/TMU…
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Shredd (Dinar Guru) – Article: “Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations“ Look at the big picture folks….this would not be the case for a country with a failed or failing economy, heading to a lop (redenomination). Reserves have been growing for almost the entire time I’ve been following Iraq which is one of the pillars of why I’ve stayed! It’s just a matter of time until the CBI moves to a market-driven floating rate for their dinar which will be a true representation of their economic landscape. Not an IF…a WHEN.
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BGG (Dinar Guru) – these flashbacks (HARD NEWS) give some important context as to what we are involved in…WIth these previous statements, articles and comments giving historical context – and the current push by the IMF, WB and UN to integrate Iraq back into the international community – things are VERY exciting (to say the least). I’m not predicting anything, nor am I commenting on “rate” – per se…I’m just telling you what they (IRAQ) have been saying all along… [post 3 of 3]
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Breitling (Dinar Guru) – Article came out about mobile apps being developed in Iraq for processing payments…here’s what I want to throw out there…it [the dinar value increase] IS around the corner, I don’t want to put any date on it BUT to give you an example it’s at a 10th of a penny…these guys wouldn’t be developing apps if they weren’t going to add value to it…third world countries don’t have apps that are being developed when their currency is so low…so it is being developed for that process cause it’s coming down the road. Is it one month? two months? three months down the road indicator? [Post 1 of 2 Stay tuned for the rest of the story]
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BGG (Dinar Guru) – “The Exchange Rate of Foreign Currency in Economic Feasibility Studies” “3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.” Ministry OF PLANNING…Iraq G-O-I !!! …REPORT WAS SENT TO CONGRESS…IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013. these final thoughts from them (the final report sent to our U.S. Congress) if nothing else, adds considerable weight to our thoughts about this investment…in fact, those saying this is a “scam” – look foolish – taking these reports in context. [post 2 of 3….stay tuned]
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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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BGG (Dinar Guru) – Flashback Article: “Minister of Finance: raise zeros from the Iraqi currency against the dollar will be supported” Quote: “…The proposal to raise three zeroes from the currency will be in accordance with the right monetary policy is not gradual, as happened in Turkey…” This article was from Feb. 2nd 2010. They’ve been telling us all along…NOT A FLOAT… Noting that the Iraqi dinar would be offset dollar or slightly more than after the application of this proposal. = about a dollar (USD) or slightly higher…THIS IS WHAT THEIR MoF said at the time. Not me…they have had some idea as to what this was going to be all along. [post 1 of 3….stay tuned]
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rcookie (Dinar Guru) – Article: “The government sent a draft law of retirement and social security to the parliament for approval after Eid” THIS IS WHY YOU ARE SEEING GHE PENSION LAW UP FOR READING & VOTE IN PARLIAMENT RIGHT NOW… TO A COUNTRY LOOKING TO SQUEEZE EVERY DINAR OUT OF ITS ECONOMY GOING THROUGH TOTAL METAMORPHISIS…THIS IS WHY IT IS SO IMPORTANT…31 TRILLION ADDED TO THEIR GDP THROUGH 2028…BY MAKING SIMPLE AMENDMENT TO A LAW WITH THE STROKE OF A PEN..
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rcookie (Dinar Guru) – Article: “Integrity adds Rafidain and Rasheed and TBI managers” ...HERE INTEGRITY IS CALLING IN MANAGERS FROM RASHEED, RAFIDAIN AND TBI…TO CONDUCT A LITTLE POW WOW AND REFRESHER ON PROCEDURES IN 3 AREAS…LOANS…CURRENCY AUCTIONS…AND GENERAL BANKING MANAGEMENT PROCEDURES…TO TAKE PLACE IMMEDIATELY AFTER EID HOLIDAY…INTO THE PRICIPALS OFFICE…”NOW LETS GO THROUGH THESE THINGS ONE LAST TIME”…HAS UST FINGERPRINTS ALL OVER IT.
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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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SteveI (Dinar Guru) – Article quote: “...Finance Minister Hoshyar Zebari, to the Jordanian capital of Amman to complete the international consultations between the government and representatives of the International Monetary Fund, IMF.” [It definitely is Shabibi according to my Kurdish friend…(referencing article picture)] Thanks for the awesome find. This is like icing on the cake because he [Shabibi] has been pushing for a rate change for years.
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Shredd (Dinar Guru) – […with all of this confidence why are they stuck at a B rating? Any idea when that would increase?] Rating agencies assess how likely a borrower is to be able to repay its debts and help those trading debt contracts (e.g., loans) in the secondary market (to investors). It takes a lot to change a rating and I suspect their rating will not go beyond the lower end of investment grade until they have a more diversified industrial output. Having their economy rely almost entirely on oil presents risk. As their agriculture continues to return and as infrastructure and commerce grow, they will demonstrate a more balanced country. That said, it’s all about the data. As Iraq continues to repay loans with ease, demand in the secondary market will likely grow which in turn will pave the way for Iraq to fully participate no matter their rating. [post 2 of 2]
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Shredd (Dinar Guru) – Article: “The World Bank will lend Iraq three billion dollars as “very low interest rates,” the end of 2016” …this is a good sign. A loan by the WB for a long term and low rate shows not only support and confidence in Iraq as it continues to rebuild it’s economic infrastructure but it also demonstrates trust and faith in Iraq’s ability to repay…lending and borrowing is what the global economic machine is all about. For the lender, interest income and for the borrower, stimulus to push progress/growth as quickly as possible and the kind that ensures the ability to repay is in place and protected. This shows us once again Iraq is continuing to mature economically. It continues to prove that a lop or redenomination due to a failing economy is not the case for Iraq. This shows us and demonstrates to future investors that Iraq is a vital participant in the global economic construct. See the trees in the forest! It’s all good. [post 1 of 2….stay tuned]
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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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firefly (Dinar Guru) – Article: “Prime Minister to the IMF Resident Representative in Vietnam 09/01/2016” Quote: “Prime Minister to the IMF Resident Representative in Vietnam Pm on 08.30.2016…has a meeting with Mr. Jonathan Dunn – Representative of the International Monetary Fund (IMF) in Vietnam…At the meeting, Prime Minister Nguyen Xuan Phuc appreciated the help effective, practical IMF for economic development – economic development of Vietnam, especially in the field of financial reform...” especially in the field of financial reform!! [sounds so good.] It is beyond good …keep the faith and look at the BIG picture.
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BGG (Dinar Guru) – [does mosul have to be free of isis before a change in value?] Doesn’t have to…but at the very core of all of this is world support of Iraq. They IMF, WB and UN all want to support Iraq (and recognize whatever value they eventually apply to the IQD)…but it appears they have given Abadi some very direct guidelines and “advice” on how to proceed. There is no doubt this included them putting their squabbles aside and moving on ISIS.
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BGG (Dinar Guru) – Article: “World Bank offers to Iraq to see funding for economic development” Quotes: “Saleh added that “the World Bank between the activities targeted by the loan, is the support of the **federal budget in line with the economic reform paths and a document of reform launched by the Prime Minister…” “the loan payout after the completion of understandings with the World Bank on the road map, which is consistent with the paths of economic reforms,” expected to “be executed loan to Iraq by the World Bank end of the year 2016“. Zebari may well be there… but Saleh is too…Zebari could well be there trying to stay in the conversation is all…it is being reported, his dismissal is imminent…and I don’t think it will cause any “DELAY” – in fact, Iraq adhering to the “reform paper” launched by Abadi and instigated…by the IMF/WB makes it appear as though this corruption clean-up may well speed things up if anything at all.
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