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 | 1291.335 | 1290.689 |
| British pound | GBP | 1443.695 | 1442.973 |
| Canadian dollar | CAD | 884.731 | 884.288 |
| Swiss franc | CHF | 1191.893 | 1191.297 |
| Swedish krona | SEK | 132.535 | 132.469 |
| Norwegian krone | NOK | 142.807 | 142.736 |
| Danish krone | DKK | 173.601 | 173.515 |
| Japanese yen | JPY | 11.327 | 11.322 |
| Special Drawing Rights |
SDR | 1624.139 | 1623.327 |
Indicative rates – 10.29.2016
http://www.cbi.iq/
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Being willing to donate the taxpayers’ money is not the same as being willing to put your own money where your mouth is. – Thomas Sowell
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*** Current News ***
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Dinar Updates – “Behind the Scenes!!”
recorded Friday nite – Oct 28th
w/RCookie, Mr White, MadDScout, DayTrader, 1Booby, BGG & Hutch
Smart phone user link – Click here
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1bobby (Dinar Guru) – Article: “Iraq opens complex “General Electric” technologies in the North Rumaila” [Basra] So now we are seeing the benefits of these contracts that were and have been signed in the previous months. And it’s also speaks to adding to the State Treasury. Basra’s security is also improving on a daily basis. I know others have called Basra the new Dubai of the Middle East.
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SteveI (Dinar Guru) – Article: “Dollar is deteriorating in front of the dinar” I like the article a lot. I had a talk with a few of my guys, and they all agree that it sounds like the process has started but not made official yet. Quote: “CBI succeeded in raising the value of the Iraqi dinar against“. …in the past or previous news they would have said “in the near future“, or “coming days or months“, etc. To me succeeded means commenced or started. The other part I found very interesting is “a lot and recover the exchange rate of the Iraqi dinar“. So just exactly what are the recovering from? …Are they talking the the 3.21 rate? Another part I found positive is “after the economic scientific plan developed by organizers of the Central Bank of Iraq and new policy pursued by the Central Bank“. ...the powerful part is the word “plan”. This is something that had to have been in place previously and not just some made up statement for an article. The last thing I found interesting is the wording of “the value of the national currency exchange rate of the Iraqi dinar“. I have never seen the word of nation currency exchange rate? Could this mean international?
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MadDScout (Dinar Guru) – [new Guru] Article: “Iraq opens complex “General Electric” technologies in the North Rumaila” Rumaila that is Basra right? Basra is a new hub of Investment opportunities...a very important hub for Iraq. Basra is…seeing a lot of business interest in recent days. It is very encouraging for the investment.
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www.DinarUpdates.com – save as favorite
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firefly (Dinar Guru) – And who was the IMF meeting with for these prior agreements and to be implemented? the team met with Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, Deputy Finance Minister, Dr. Fadhil Nabee Othman, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministry of finance, the CBI, and a representative from the Kurdistan Regional Government. All financial reps! This picture is becoming VERY clear. [post 2 of 2]
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Islandg1211 (Dinar Guru) – Iraq is NOT on the WHITE LIST when in fact FATF states that they have FOUR MORE REQUIREMENTS LEFT. …in reviewing the FATF website today, it had no reference as to when Iraq would get on the “White List,” only the four remaining steps required. Quote from FATF’s website: “…Since June 2016, Iraq has taken steps towards improving its AML/CFT regime, including by: addressing remaining issues related to its criminalization of money laundering and terrorist financing; establishing a legal framework and procedures for identifying and freezing terrorist assets; and ensuring a fully operational and functioning financial intelligence unit. Iraq should continue to implement its action plan to address its remaining deficiencies…”
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Adam Montana (Dinar Guru) – [Help me understand why this is taking so long…] It’s been a long road for sure! Iraq has overcame many obstacles. They were plunged almost into the dark ages only a short decade ago. Does it seem like forever? Yeah, I agree. But in the grand scheme of it all… they have made amazing progress and when it’s all over, it won’t seem like it took that long.
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Dollar is deteriorating in front of the Iraqi dinar.. National strikes.
The Central Bank succeeds in raising the value of Iraqi dinar to us dollar
At a critical juncture and time passes by Iraq and Iraqi economy under cover of bad war waged valiant Iraqi army and security forces and factions of the popular crowd Bible CBI succeeded in raising the value of the dinar against the U.S. dollar in recent days.
Economic and political sources informed us reported.. The dinar will improve gradually over the next few days and that the US dollar will deteriorate much Iraqi dinar exchange recover after a scientific plan developed economic operators of the Central Bank, the new Central Bank administration policy pursued in cooperation with benevolent and loving and loyal to his liberal Iraq children
And we got some gossip CBI officials and owners of some banks who form a federal power with it’s Central Bank. It was agreed to support the Iraqi dinar and each contribution to the recovery of the dinar against the dollar especially as we’re fighting a holy war with the mightiest evil forces in the world and fight terrorism in many places in Iraq…
Read More: http://www.dinarupdates.com/showthread.php?42968-Dollar-is-deteriorating-in-front-of-the-Iraqi-dinar-National-strikes&p=164360#post164360
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firefly (Dinar Guru) – Press release: “Statement by an IMF Mission on Iraq” Quotes: “Once agreed upon additional information has been provided and agreed prior actions have been implemented, the IMF Board will consider the first review of the SBA, likely in November...” and agreed prior actions have been implemented…Can’t get any clearer than that…You folks should be dancing in the streets. Prior agreements to be implemented huh? Love that sentence. Quote: “Once you submit the requested additional information and the implementation of actions agreed presets, the Executive Board will consider the first review of the standby credit agreement, which is likely to be in November or December.” and the implementation of actions agreed presets…WOW…These words are what we’ve been waiting for for so many years! [post 1 of 2….stay tuned]
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Frank26 (Dinar Guru) – I believe we have a good chance this Year … Hence Christmas would come early… IMO.
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Adam Montana (Dinar Guru) – […when do we expect to hear if the budget is passed?] ...I feel that it’s on pace to be passed by the 1st of the year if not sooner. [Do you think the HCL will be passed along with the 2017 budget and be published at the same time?] They look to be moving at about the same speed.
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Economic Board shall submit a proposed amendment to the draft 2017 budget law
Economy News / Baghdad … Economic Council, announced Wednesday, submitted a proposal for amendment to the draft federal budget for 2017 Act, to the House of Representatives.
Council President Ibrahim al-Masoudi said in a statement obtained by “Economy News,” a copy of it, that “because of the necessity and the urgency to maximize resources and provide jobs for the purpose of encouraging and supporting the national industry, so we propose to amend Article 36 and 28 of the federal budget for the 2017 law.”…
Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – Article: “Currency auction burden on the Iraqi economy” They cannot stop the auctions until they have an alternative which is floating the dinar. And until they can demonstrate that they can manage the spread within Iraq, they will not get the green light from the IMF to exit the peg and move to Article VIII. …this is the closest we have been to reform since late 2012 when Shabibi was run off. Hang in there!
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BGG (Dinar Guru) – [Do you think we actually need all of these laws in place before we can see a rate change?] I do…just a couple of the more critical ones…Gen Amnesty was one, banking and investment are important to the WB/IMF…obviously. However, they are not much of a “hold-up” – they are on a “fast-track” to getting done. GO RV!!
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rcookie (Dinar Guru) – Article: “Government bonds and safe way to save” Quote: “Imad emirate is a financial reform imperative to resettle capital and attracting private investment, especially investment indirect, such as stocks and bonds, and require the reform process in this aspect a number of basic steps, including the development of the stock market in Iraq to their importance in activating the role of the private sector in the process of development.” ONCE AGAIN…HUGE TALK OF FINANCIAL REFORM DRIVING RESETTLING OF CAPITAL AND ATTRACTING FOREIGN PRIVATE INVESTMENT...ESPECIALLY INDIRECT INVESTMENT LIKE STOCKS AND BONDS…AND IMPORTANCE OF LAUNCHING STOCK MARKET ROLE AS PRIVATE SECTOR DEVELOPMENT DRIVER…THAT ARTICLE IS HUGE…HUGE…HUGE…AND TIES IN MUCH OF THE RECENT ACTION AND NEWS WE HAVE BEEN READING ABOUT!
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Kaperoni (Dinar Guru) – [why would Iraq depeg or stop selling the dollar and “free float” the dinar? It just doesn’t seem likely…] ...is not a choice. It is not something that decided randomly, but an event as part of the CBI’s monetary policy. To simplify, the CBI has what it calls a Capital Account…in which investment funds are that come through the banking system end up in. As the Capital Account grows, so does inflationary pressure on the Iraqi economy. As a result, the CBI, must have a more flexible exchange rate (some type of float) to counter this pressure. In other words, as investors and investment comes into Iraq, the exchange rate will rise. [post 2 of 2]
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Iraqi Dinar/Dollar auction 10-27-16 (most recent listing)
Currency Auctions Announcement No. 3306
This daily currency auction was held in the Central Bank of Iraq on the 10-27-2016
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$) | 147,738,885 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 147,738,885 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – …monetary policy is a set of procedures that the CBI must follow, like all central banks. Their are no short cuts. That being said, the CBI is trying to do what is right and they have an agreement (SBA) with the IMF to achieve those goals…It takes time and it is a process. […can anyone…tell me why the US would give aid to Iraq without something in exchange, example, US insistence that Iraq stay pegged to the dollar?] The US has said no such thing. The IMF has stated so under the current conditions and that is because they are guiding the CBI through this financial crisis. [post 1 of 2….stay tuned]
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Backdoc (Dinar Guru) – REMEMBER, IRAN SAID ITS’ FOREX VALUE WOULD MEET A REALITY VALUE IN OCTOBER. WELL, ITS OCTOBER. IT’S SHIA BROTHER (Iraq) IS IN THE SAME PROCESS IMO! “THE DEAL”. THE IMF SAID THEY WOULD COMPLETE THEIR REVIEW FOR THE SECOND LOAN DISBURSEMENT ON NOVEMBER 7TH OR DECEMBER 7TH! ENJOY THE ACTIONS OF THE NEXT FEW DAYS MY FRIENDS, “ACTIONS MEAN THINGS”!
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Adam Montana (Dinar Guru) – HCL FINALLY BACK ON THE TABLE! WOOOOOOTTT! And to go hand-in-hand with that MUCH WELCOME news, there is also this: Article: “Oil Minister announces the launch of 12 oil fields for development and investment” Seeing the parliament and ministries seats not yet filled was a little disappointing, but that’s just a time issue. If not next week, the following perhaps. And simultaneously we have a strong chance of watching the HCL unfold, become active, and then my friends we are off to the races! I’m not going to call the deed “done” yet, but I strongly feel like we’re almost at the point where it could really be “any day”. [post 3 of 3]
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Dinar Updates – “The After Call!!”
from Tues – Oct 25th – 7:30pm EST
w/RCookie, Mr White & Hutch
Smart phone user link – Click here
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Adam Montana (Dinar Guru) – The fight for Mosul is making incredible progress, and I really don’t think they are getting credit for it like they should be! After a long run of half-hearted attempts to “attack” ISIS, they are finally doing it RIGHT. I expect to see huge victories in the next week or so, which is going to prop up Iraq’s support and credibility in the world, and is taking them where they need to go. I am disappointed to see that Abadi has not been successful in appointing those last few deputies: Article: “State law excludes the resolution of the vacant ministries next week” In fact, unless they directly oppose this ruling, it looks like next week isn’t our week either…we’re not likely to see an RV this week. However…I saved the best for last! Ready? [post 2 of 3….stay tuned]
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Adam Montana (Dinar Guru) – FINALLY, at the tail end of October, we’re seeing the stuff we want. We discussed briefly earlier this month the OPEC push to reduce oil production. There are a lot of reasons for this push, and I’d say 90+% of the member nations understand and agree with it. But here’s something interesting… “The head of the National Alliance, said that “Iraq should be excluded from any agreement that aims to cut oil production,” attributing it to “the need for Iraq without the other for this exception being locked in a fierce war with Aldaasha terrorism on behalf of the world.” Iraq is getting massive support in the fight against ISIS. …this kind of agreement is a sweetheart deal for Iraq! Speaking of ISIS… [post 1 of 3….stay tuned]
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Frank26 (Dinar Guru) – The IMF is in business to make money with Iraq. There is no profit at a program rate. I told you, I don’t think we’ll ever see 1 to 1. They might surprise us all with the international rate when it does come out. In the ‘70’s and ‘80’s, it used to be around $2.80. When Saddam took over, it was over $3…and the Gulf Currency is launching around $2.60 to $2.70…which is a fair number to start at. We believe that the IMF may meet on the 7th of November to see if Iraq completed all they needed to do…but IMO…meetings are ongoing now. IMO – the MR consists of the RI…and that is for the IMF. The international world which consists of the Economic Reforms…which is the RV — (which is not a part of the IMF). The RV is for the international investors. Give us Mosul…and you have the MONETARY REFORMS. Mosul is about 80-90% done. There is NO STOPPING the Monetary Reform. IMO – they are doing everything on time. The timing may frustrate you, but I think the timing is brilliant. [post 3 of 3]
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Frank26 (Dinar Guru) – …within 10 business…(normally 30)…there would be some needed info passed to the IMF or in increase in the rate to qualify with what they are doing within their budget…to do a CURRENCY SWAP with the rate of the IQD against…(possibly) a basket of currencies. We believe the Abadi and Saleh are sending confirmations/documentations to the IMF within the 10 days…which are coming to a close…all BEFORE November. IMO — all an indication of their financial reform. IMO — each member of the IMF needs verification…before any change in rate…to be completed before November. IMO – that includes a rate change…that deals with contract goods. The letter to the IMF lets each member within the IMF knows of the rate. The IMF cannot finalize the agreement with Iraq until they see documentation. This will be the FINAL letter to the IMF within these 10 days. It will give the IMF a good idea of when Iraq will raise the value of their currency. [post 2 of 3….stay tuned]
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Iraqi Dinar/Dollar auction 10-26-16 (most recent listing)
Currency Auctions Announcement No. 3305
This daily currency auction was held in the Central Bank of Iraq on the 10-26-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 147,280,305 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 147,280,305 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – There are things occurring behind the scenes with the Monetary Reform. IMO…countries are interested in doing business with Iraq…and Iraq is paying them …maybe the IMF is paying them…the international world is doing business with Iraq…and they are paying for their goods. WHOA! IMO — if that is true…the international world is gaining confidence with Iraq and the new ministers working with Abadi. A week ago, Sunday at 3:03 am Iraqi time…there was the “start” of the operations of Mosul…but I would say it was also the start of international business because they were put on a WHITE LIST. I believe that this TRANSITIONAL RATE that is being used…(not in front of our eyes, nor the CBI…because by law, they would have to tell you they are)…is being used…to bring in these goods. The citizens needed to trust the banks…but the international banks need to trust Iraq and their government. From black, to gray, to white …(the list)…it means they are UNRESTRICTED! This is the freedom of movement and possibly within their capital…all IMF requirements. This is the Monetary Reform being born in front of your eyes! I believe that a countdown with the IMF started around that time. [post 1 of 3….stay tuned]
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BGG (Dinar Guru) – […they could go to 500 dinar per dollar and float from there couldn’t they. That would more than double the value…] They COULD do a lot of things… but that is not the characterization they’ve laid out in their official documents. Over and over…IMHO – they’ve told us what they intend to do. …it is widely recognized the IQD is “grossly under-valued”… [.86 to 1.18?] I like where your head’s at!! [post 2 of 2]
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BGG (Dinar Guru) – [Guru] Kaperoni – Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors. I agree with the idea that the CBI’s monetary policy must change… however, I am not convinced a “pure float” is anywhere close to what they have planned. In fact, several key documents plainly state otherwise. [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) – Article: “Coinciding with the victories of our security forces in Mosul, Central ..alpennek raise the price of the dinar against the dollar” Quote: “…the central bank decided to raise the value of the Iraqi dinar against the US dollar by financial mechanisms fall in its policies for indicating that these mechanisms are subject to the principle of supply and demand in the domestic market…the Iraqi dinar will see over the next few days, a significant rise in price against the US dollar” …if they are talking about the spread, it is a good thing that they reduce it since currently its 1294 which is way over the 2% requirement. But I do like the words…”a significant rise in price against the US dollar“.
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Iraqi Dinar/Dollar auction 10-25-16 (most recent listing)
Currency Auctions Announcement No. 3304
This daily currency auction was held in the Central Bank of Iraq on the 10-25-2016
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$) | 151,616,307 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 151,616,307 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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BGG (Dinar Guru) – I don’t know – how with the AVALANCHE of news lately – anyone can be anything be VERY optimistic.
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Frank26 (Dinar Guru) – “A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal…” “The source , who preferred not to be named , said the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar.” How quickly one’s starvation can cause one to forget that only the CBI can make such a statement. Yes…Moments after they give You Mosul it may equal the MR. Note…You have no Mosul yet. So if someone from over there believes in their opinion that the MR is done or announced…Fine…But one should only Trust via Verification from…The CBI. But know this…IMF meetings are within days. Have to admit…Am very Fascinated by this. [Guru] DELTA says it is a legit Newspaper from Iraq.
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rcookie (Dinar Guru) – …LET’S RECAP…WE HAVE THE IFC INVOLVED WITH IRAQ AND DEVELOPMENT PROGRESS...ADOPTION OF INT’L ACCOUNTING CONTROL STANDARDS…IBAN ROLLOUT AND IMF BANKING SUPERVISION CHECKLIST…BANKING REFORM AS THE BEGINNING OF ECONOMIC REVIVAL…ALNASIRI AND SALEH OUTLINING OF IRAQ’S PEACETIME ECONOMIC IDENTITY… ANNOUNCEMENT OF NEW 2018-2022 NDP…DEPOSIT INSURANCE ACT AND CBI SYSTEMIC LAUNCH OF DEPOSIT INSURANCE…AND INVESTMENT LAWS CONTRIBUTING TO RESETTLEMENT OF LOCAL FUNDS…THAT’S JUST THIS WEEK…WOW!!..
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rcookie (Dinar Guru) – Article: “Parliament postpones paragraph first reading of the draft first amendment to the Amnesty Law” Quote: “The House of Representatives decided today to postpone the first paragraph the first reading of the draft amendment to the Law of General Amnesty Law, to next Monday’s meeting.”
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Coinciding with the victories of our security forces in Mosul. The Central Bank raised the dinar against the dollar
Central Bank officials confirmed yesterday that the Iraqi dinar price final price us dollar coinciding with victories of our security forces are advancing towards the liberation of the city of Mosul, the source said in a press statement singled out by the news that the Central Bank decided to raise the value of the Iraqi dinar against the US dollar financial mechanisms within its own policies stating that those mechanisms are subject to the principle of supply and demand in the domestic market. The source said the Iraqi dinar during the coming few days will witness a significant rise in the price of the US dollar.
More: http://dinarupdates.com/blog/
BGG ~ Text from another version of this piece of news…
“The source, who preferred not to be named, said the Iraqi dinar will see over the next few days, a significant rise in price against the US dollar…”
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Kaperoni (Dinar Guru) – Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors.
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rcookie (Dinar Guru) – [Would you tell us briefly how the new economic laws secures new revenue for the state treasury?] BECAUSE THE INFLUX OF INTERNATIONAL INVESTMENT WILL GENERATE HUGE NON-OIL REVENUES TO IRAQ…NEVER BEFORE EXPERIENCED...THEY WILL FINALLY START TO SEE SOME REVENUES CONTRIBUTED TO GDP FROM OTHER SOURCES THAN OIL…IT WILL DRIVE THE BANKING SECTOR…ADDRESS UNEMPLOYMENT AND POVERTY…THAT ARTICLES OUTLINE OF THE INVESTMENT…INSURANCE & STATISTICS LAWS ABOUT TO BE CHANGED…THIS IS IT…U N B E L I E V A B L E!!! …THAT WAS SOME OF THE MOST SIGNIFICANT INFORMATION RELATIVE TO ECONOMIC & FINANCIAL LAWS THAT WILL DRIVE WHAT WE ARE LOOKING FOR…EVER….EVER… [post 2 of 2]
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rcookie (Dinar Guru) – Article: “Economic laws to secure new revenue for the state treasury” Quote: “…seeking for economic and investment commission to push for the adoption of new laws provide new income to the state treasury and is working to develop actually investment in the country.” THIS IS HUGE…HUGE…HUGE… AGENCY REGULATORY ACT…IRAQI COMMISSION ACT…CHAMBER OF COMMERCE LAW NO. 43 (1989)…ECONOMIC LAWS SPEED SUBMITTING TO HoR IN SHORTEST POSSIBLE TIME…THIS IS WHAT WE HAVE TALKED ABOUT …CONCERNING THE CALL FROM IMF FOR ACCURATE…TRANSPARENT TIMELY ECONOMIC & FINANCIAL DATA FROM ALL PROVINCES FOR QUITE SOME TIME…THEY ARE TELLING US ALL THE ECONOMIC & INVESTMENT LAWS ARE CUED UP AND COMING! [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction 10-23-16 (most recent listing)
Currency Auctions Announcement No. 3302
This daily currency auction was held in the Central Bank of Iraq on the 10-23-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 152,764,405 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 152,764,405 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) – Article: “Economic laws to secure new revenue for the state treasury” Quote: “…seeking for economic and investment commission to push for the adoption of new laws provide new income to the state treasury and is working to develop actually investment in the country.” THIS IS HUGE…HUGE…HUGE… AGENCY REGULATORY ACT…IRAQI COMMISSION ACT…CHAMBER OF COMMERCE LAW NO. 43 (1989)…ECONOMIC LAWS SPEED SUBMITTING TO HoR IN SHORTEST POSSIBLE TIME…THIS IS WHAT WE HAVE TALKED ABOUT …CONCERNING THE CALL FROM IMF FOR ACCURATE…TRANSPARENT TIMELY ECONOMIC & FINANCIAL DATA FROM ALL PROVINCES FOR QUITE SOME TIME…THEY ARE TELLING US ALL THE ECONOMIC & INVESTMENT LAWS ARE CUED UP AND COMING! [post 1 of 2….stay tuned]
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Backdoc (Dinar Guru) – THE PATTERNS OF SUCCESS ARE ALL AROUND US. CURRENCIES ARE ADJUSTING AS I’VE BEEN SHARING FOR SOME TIME. I SUSPECT THE CHANGES WE ALL HOPE TO SEE ARE CLOSER THAN WE MIGHT THINK BASED ON THE “ACTIONS THAT MEAN THINGS!” …IMO.
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Kaperoni (Dinar Guru) – Article: “During the first economic conference of the projects directed to put up new investment opportunities in Baghdad and the provinces” private investment is all wishful thinking until they open the banking sector/pass the needed laws.
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rcookie (Dinar Guru) – Article: “Abadi presented to parliament his nominees for four ministries , including the defense and interior” “Abadi nominated both Irfan Hayali of the Ministry of Defense, and Qasim al-Araji for interior and Qutaiba al-Jubouri, Trade and Necmettin enhancer for industry and minerals.”
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Dinar Updates – “The After Call!!”
from Wed – Oct 19th 6:30pm CST
w/RCookie, Mr White & Hutch
Smart phone user link – Click here
BGG ~ This was a VERY good call – might want to listen to this one more than once!!
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Kaperoni (Dinar Guru) – Article: “Foreign banks are looking to withdraw from the Iraqi market” More pressure on the CBI to take the next step and open the banking system.
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Aggiedad77 (Dinar Guru) – Iraq…may Peace be with you…as this year winds to a close and the existence of ISIS/DAASH is squashed…may you ring in the new year 2017 with PEACE in mind for all of your country and it’s countrymen…A peace that can be shared internationally as you move forward…the pathway anointed with higher oil prices that will springboard your efforts in a way that was unexpected by many…but declared by a few…Breakthroughs indeed for opportunities both within and outside of your great country…let the future be bright for prosperity and peace for all…transitions in so many ways…war to peace…program rate to who knows what…reclusive country to internationally recognized leader… reforms that give way to exponential growth…let it be…all IMO.
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Kaperoni (Dinar Guru) – Most of the articles coming out of Iraq say the progress in Mosul is good…ahead of schedule. I’m not so sure. Much more to come.
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rcookie (Dinar Guru) – “Planning: Five-Year Development Plan 2018 – 2022 will be different from its predecessors” THAT IS THE $357 BILLION ACTION PLAN FOR DEVELOPMENT PROJECTS BROKEN DOWN BY SECTOR… INTERESTING TO COMPARE WITH PREVIOUS NDP’S…NATIONAL DEVELOPMENT PLAN…THIS IS WHY ONE WOULD INVEST IN IRAQ…THE REASON TODAYS ANNOUNCEMENT IS SO EXCITING IS THE NEW NDP AND THE FACT OF THEM TALKING ABOUT BEING PRIMARILY PRIVATE SECTOR DRIVEN.
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Iraq to the whitelist financially
BAGHDAD – Tariq al – Araji , The testimony of the highest international working group it ‘s time to reap the fruits of the work done by the government of the reforms and the Central Bank of the economic measures, as it plans to highest international group to monitor the money moving internationally to get Iraq out of the gray white list to which confirm confidence of the world in Iraq financially…
More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – Article: “Iraq receives a second loan from the International Monetary Fund” [does this mean they have raised the value of the dinar as per apparent requirement or not?] …the official value of the dinar is 1182. There is no requirement for them to raise the value. The value will rise, only as a result of the CBI unpegging the dinar when the time is right to counter inflationary pressure created by investors and investment in Iraq. They need laws, stability and progress in many areas before that can happen.
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Adam Montana (Dinar Guru) – I have nothing negative to report but I also have no RV to announce… in my opinion, there’s a very simple reason: HCL. Now here’s the good news: we’ve seen more on the HCL in the last week than we saw all summer! And THAT has me smiling… Parliament is making moves… – just look at the news… The HCL (oil agreement) is once again a TOPIC… it was NOT a topic for a few months. Are we close? Obviously closer than a month ago, and I can’t say “yep for sure this week!”, but the direction is good and there are only a few things left. Iraq has the fundamental ability and motivation to RV, and that’s something that people either understand or deny. I’m monitoring the situation…
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Breitling (Dinar Guru) – …They had never mentioned to the government or to the IMF or anybody that they wanted to get it to a buck and then they wanted to get it to $3.25…one of the things that’s interesting as they put out the new currency, when I got into it there was an expected rate of between 4 and 12 cents. The next thing you know there was a report put out about how General Petraeus was saying how popular the dinar was getting inside of Iraq itself. Here’s what people don’t understand…they were alarmed by it. It wasn’t a good thing…we basically put more US dollars into their economy. and they started printing even more notes…adding to the note count at the beginning. You had to have faith with what these guys were doing and saying. Shabibi stated they are adding value to it and eventually we are going to take 75% of those notes out and we’re going to add value to the currency and then we’ll change this currency out and make the denominations a lot smaller…That’s the statement he put out there. [Post 2 of 2]
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Frank26 (Dinar Guru) – …the IMF has given them an A+ in everything they are doing…and now they are going to reward them with that second loan…that is way ahead of schedule…the white list was way ahead of schedule. …I am not too worried about the value right now…what we were worried about or concerned about was the note count…because they told you they were lifting the 000’s…you think it is from the exchange rate…we tried to explain it to you…they are lifting it from the streets…so they can lift it from the exchange rate…and I believe they have accomplished this. There are many steps and many parts to the Monetary Policy and IMO I see that they have been accomplished…the IMF has not said one single word about 2017…IMO…the IMF is preparing them to raise the value in 2016…and the other part…Iraq talks about 2017 because that is when Iraq wants to introduce the LD’s…that are affected by the RI that is occurring right now behind closed doors… [post 3 of 3]
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Cabinet sends next year’s budget to parliament in 2017
BAGHDAD / Baghdadi Uz..aaln Prime Minister Haider al-Abadi, on Tuesday, sending next year’s budget to the House of Representatives for a vote, noting that the Council of Ministers also agreed to launch a massacre amounts Spyker families compensation.
Ebadi said at a news conference attended by the correspondent / Baghdadi News / “The Council of Ministers has completed discuss next year’s budget and sent it to parliament for a vote before the end of this year,” noting that “the budget included a former oil deal with the Kurdistan region.”…
More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – Iraq came out and stated they have completed all IMF requirements...For the Financial Advisor of Abadi…Saleh…to come out and say…we’ve done everything the IMF has told us…how bold is that…for the IMF…to actually come out and say we are giving you now your second loan…in about 10 days…that will put us right about the beginning of November…I believe deep in my heart that the Monetary Policy has been launched. This Monetary Reform Plan is from the IMF…about six or seven years ago they put this together with Iraq…the Transition Rate right now is part of this plan…I believe they are doing something with their rate to try and get it to 1 to 1…and they did not write a plan for a LOP…they did not write a plan to stay at a program rate…IMO this Transitional Rate is bringing in commodities into the country of Iraq…and IMO this Transitional Rate is slowly moving up…up…for the purpose IMO to add value to the Iraqi dinar in country…I believe the negotiations that are occurring with this Transitional Rate are going to be seen with more evidence sometime around the second week of November…
[post 2 of 3….stay tuned]
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Frank26 (Dinar Guru) – …these are interesting times…with our investment…we told you that IMO I felt around the 15th of October or just after that date the battle of Mosul would…start…I seriously, truly, and sincerely believe that once Iraq was put on the white list there was a decision made for Mosul…IMO…at 3:03 am on the 16th of this month I believe the Monetary Reform was put into its full swing of completion. The most important thing about Mosul…is that it has given us SS…STABILITY and SECURITY…SS is the reason why we are walking in the direction of the Monetary Reform now…from the nanosecond they were put on the white list…to the moment of the 3:03 am launch to attack Mosul…to begin the battle…those were the beginning of the green lights that have brought us SS now… [post 1 of 3….stay tuned]
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Breitling (Dinar Guru) – “Question: Sounds like they’re having a hard time convincing people in Iraq to have confidence in the Dinar…how can they make them want to use it?” This is the power in knowing what happens to currency…if you know how it got there you can reverse it. Remember what we did. We put US dollars in their economy. Then we did Shock and Awe and their economy collapsed they started to use the US dollar. We printed the New Iraqi Dinar. They started using it. Remember…the dinar count at that time was around 30 Trillion dinar at it’s peak and 9 billion notes max…A report from the IMF said the Iraqi dinar’s real market rate was between 4 and 12 cents and I bought dinars based on that. [Post 1 of 2]
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Kaperoni (Dinar Guru) – Article: “Rasheed Bank intends to apply to transfer your money IBAN system” Quote: “Rasheed Bank announced on Thursday its intention to apply the “IBAN” your system to transfer money in and out of Iraq…” [Surely to transfer money internationally , your money has to be internationally recognized?] The dinar is already internationally recognized. It’s a choice by most banks to not accept it and exchange it worldwide because they are still in Article XIV under the IMF. Article VIII of sorts provides a sense of assurance that the CBI meets international standards and requirements (and therefore, makes the dinar more internationally accepted at the banks). What the Rasheed is doing here is a good thing for sure, but Article VIII will also be needed for it to be beneficial to Iraq.
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Kaperoni (Dinar Guru) – Article: “Breaking #Iraq Criminal Court issued an arrest warrant ex- #Mosul governor Atheel al-Nujaifi for breach of security.”
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Kaperoni (Dinar Guru) – Article: “Offensive against so-called Islamic State in Mosul going much faster than planned, Iraqi PM says” Quote: “Haider al-Abadi said the move showed “rapprochement” and unity of purpose between Iraqi and Kurdish forces.”
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Adam Montana (Dinar Guru) – Ive been watching the efforts to take back Mosul. (It’s all over the news). I’m hearing VERY good things from my contacts in Iraq, backing up the positive stuff we are all seeing in regards to the fight against isis. I like it. Also good news is hearing about parliament continuing to hold timely sessions. Next stop… hcl? Let’s hope so! …nobody is giving me dates or rates. I talk to people that are far more connected to the inside workings of Iraq than I myself am, and I’ll be blunt – there’s been times that they flat out told me “Adam nothing is moving right now.” Thats not the vibe right now. …I’m returning to cautiously optimistic that we will see some major announcements that will either include the HCL or will be obvious openers for the HCL.
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Frank26 (Dinar Guru) – Article: “The government issued a system of deposit protection .. Parliament seeks to enacted law “enhance confidence” in the banking system” Another IMF Requirement for the MR being done…Good.
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