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 | 1307.765 | 1307.111 |
| British pound | GBP | 1472.890 | 1472.154 |
| Canadian dollar | CAD | 883.012 | 882.571 |
| Swiss franc | CHF | 1214.051 | 1213.444 |
| Swedish krona | SEK | 132.779 | 132.713 |
| Norwegian krone | NOK | 144.384 | 144.312 |
| Danish krone | DKK | 175.759 | 175.672 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1635.191 | 1634.373 |
Indicative rates – 11.06.2016
http://www.cbi.iq/
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The Constitution is not neutral. It was designed to take the government off the backs of people. – Supreme Court Justice William O. Douglas
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*** Current News ***
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Kaperoni (Dinar Guru) – As we get closer to the end of the year, we should see more informative dinar news if in fact the CBI is preparing to make changes to policy.
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Breitling (Dinar Guru) – Question: To take the dinar to international status do they have to be article VIII and no more than 2% spread for at least 90 days? They are at international status. Is there a bulletin board somewhere that says we don’t recognize the Iraqi dinar currency? What country gets to say the Iraqi dinar is a currency? You have the most powerful country that’s every existed on the planet that’s go the most powerful currency that has every existed on the planet and we’re the ones who actually produced their currency that they have right now. If you want credibility to know these guys are legit we’re the ones who set it up… Everyone in the dinar community was able to purchase the Iraqi dinar in their country so obviously there is no restriction …
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Kaperoni (Dinar Guru) – Article: “Exclude” the application of a unified Gulf currency in the near term” Quote: “Confirmed economists, that put up a unified currency Lt six members of the Gulf Cooperation Council is unlikely in the long foreseeable future.” More good news…for years the Middle East has talked about unifying to a single currency, which if it happened would not be good for us as we want to see Iraq with it’s own strong Dinar. The statement “unlikely in the long foreseeable future” is good news for sure.
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Kaperoni (Dinar Guru) – Article: “Learn the benefits of removing zeros from the Iraqi currency” Quote: “…the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project.” That is a good one…! High hopes and fingers crossed! We have a bit to wait yet. They need to end the war and clean out Mosul and I am sure they need to pass a few more laws. But this article for sure provides more clarity and confirmation on the plan.
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Delta (Dinar Guru) – […the CBI auctions…for the last month or so have been showing numbers with discrepancy …some of the numbers are not fully being reported…but hidden somehow?] They are not show the numbers (rate) on the spreadsheet for a while now. Something really is going on. We know they have to do it. They have no choice! They have a plan to do it…3 articles talk about it…It’s possible they are hiding it…waiting for the right timing. We are very, very close. The windows…Nov 7th or Dec 7th…if they want the money from the IMF…they have to do it! Watch and see what is going to happen.
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tman23 (Dinar Guru) – This is the silent move suspected to be part of the process of lifting 3 zeros… Now in the past salary caps/budget and cuts…numbers worked out to speculating that a rate of 67 cents was in the formula…of course since then a great number of circumstances have entered the picture… The speculation today works out to 76 cents which would be on par with the Canadian Dollar and Australian Dollar… It is this 1305 number that is on the board….in the banks and at the CBI… Been waiting for this EXACT NUMBER to POST… IT was posted last night which in the opinion of “conspiracy theorists”…THE PROCESS IS ON TRACK… And it will without doubt have the 3 zeros lifted at the start of 2017… [post 2 of 2]
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Iraqi Dinar/Dollar auction 11-06-16 (most recent listing)
Currency Auctions Announcement No. 3312
This daily currency auction was held in the Central Bank of Iraq on the 11-06-2016
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$) | 147,044,275 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 147,044,275 |
| Total offers for selling (US$) | —– |
More: https://dinarupdates.com/observer/
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tman23 (Dinar Guru) – …I posted back in April…The CBI governor said in several banking meetings inside and outside Iraq that the CBI plan was to maintain the rate of 1,305 through the end of 2016…The statement from the governor had bankers “shocked, disappointed, and not understanding the reasoning and none was provided”…BUT what is speculated is that this 1305 number has a significant role in the “numbers game” and lifting the 3 zeros… The speculation told to those who private message me is the start would have to begin at least 60 days before lifting 3 zeros… Just need to look/watch for unsuspected casual movements… Last night for the very first time in all banks across Iraq the rate posted 1,305… …the rate fluctuates…it has been 1280, 1285, 1290, 1295, 1300, 1310… But NOT 1305 AND IT HAS posted the 60 days prior to the New Year that was the speculated timeline thought to see 1305… [post 1 of 2….stay tuned]
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Breitling (Dinar Guru) – I don’t believe for one second that you and I will wake up and the very next day it will be a $1.17. They’ll stage it but it will go up and that’s the point. They’ve been telling everybody for years. What are the 3 main things we have to look for to make sure this thing is staged correctly? We watch the note count. We watch the competition within the country with what the dinar is competing against…the U.S. dollar mainly. And the auction floor. And it’s all coming full circle. They’ll be able to add value to their currency. They’ll stage it correctly they’ll be able to participate on the planet. So whatever they are not making in oil they can invest in other business on the planet. That’s how they’ll benefit from it. [Post 2 of 2 ]
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Delta (Dinar Guru) – The CBI tried for so many years to control the market rate…but couldn’t. It’s impossible because the USD is so dominate in Iraq. They have to make the IQD very effective and give it the power of purchase. Even when Shabibi was in charge, he couldn’t control it. We all know what the IMF has the right to do. This was the plan from a long time ago.
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Central Bank: the deletion of zeros in early 2017
Benefits:
1.adraj Iraqi dinar within the global currency basket and handle it officially the world ‘s stock exchanges and financial markets.
2.amkanah held economic agreements to handle the national currency as Iraq could hold Order dollar instead dinar when the contract to build two production lines deals agreements or transactions Stirad goods this will cover a very large part of the foreign remittances that are squandering of national wealth from foreign exchange…
More: http://dinarupdates.com/blog/
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MadDscout (Dinar Guru) – [Is Iraq currently in Article 8?] They are working within art 8 but are not fully compliant. [Is the spread part of the problem?] They seem to have a handle on the spread. It is a matter of putting new banking laws into effect across the board which was talked about in a speech at the International Fair held in Iraq.
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Breitling (Dinar Guru) – Iraq has oil…that’s it. So if they’re not making money on the oil they have to get it from somewhere else…right now they are in a restructuring stage. I get asked all the time, “when do you think it’s going to revalue?” It all depends on how far they can go and afford restructuring. Meaning how long can they go keeping their currency low and restructure for cheap? Well guys that’s coming to an end. they can’t do it any longer because of the market and the price per barrel. That’s why you’re seeing all these articles coming out and more and more from the CBI saying “we’re going to do it…we’re going to pull the trigger.” and that’s why people should be very very excited because it’s coming down the road and its not hype. It has to do with they’ve been kind of cornered. Having said that… [Post 1 of 2]
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MadDscout (Dinar Guru) – …we are still in a very good place. They are still moving forward on many fronts. We are also seeing ground work being laid for the taxation structure and more evenly applied tarrifs. Much investment starting up in many places. We are watching Anbar being refurbished and all that is going on in Basra, and it’s outlying cities. And a speedy push into Mosul. [Seems as though Mosul has to be liberalized from Islamic Terrorism…Then everything else starts to take place?] I can’t say as I disagree…I don’t say have to…But it will go a long way towards it. We know the CBI wants Political/Social stability.
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Frank26 (Dinar Guru) – Banks in Mosul…are not connected to anything…9 months ago the coalition forces blew up the bank in Mosul…But not all of the banks. So what happened to them. They were secured and TURNED-OFF. If these banks are needed for the Monetary Reform…they can just REBOOT them…because it’s now an E-COMMERCE environment.
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from Wed – Nov 2nd
w/BGG and Company
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Smart phone user link – Click here
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Backdoc (Dinar Guru) – REMEMBER THE IMF SAID THEIR LOAN REVIEW FOR IRAQ WOULD CONCLUDE ON NOV. 7TH OR DECEMBER 7TH…THIS MONTH OR NEXT…DIGITAL PAYMENTS SHOULD BE UP AND RUNNING! WITH THE COUNTRY CODE (IBAN) IN PLACE, IRAQ LOOKS TO BE READY TO MOVE MONEY CROSS BOARDERS.
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rcookie (Dinar Guru) – Article: “Baghdad gallery .. motionless economic expansion of cooperation with the world” Quote: “Baghdad , the new international exhibition of 450 international companies representing 12 countries came ambitious and wide in the hope of achieving its goals closer cooperation with Iraq” …A GREAT PRECURSOR TO BAGHDAD 43RD INTERNATIONAL FAIR…FEATURING MORE THAN 450 COMPANIES FROM 12 COUNTRIES… SHOWCASING IRAQI INVESTMENT OPPORTUNITIES FROM ALL SECTORS….
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Delta (Dinar Guru) – If you go to the CBI website and read their strategy/plan…they need to do the exchange rate. The plan includes 2016! Very significant…very huge! We believe they do have the DATE and the RATE! We believe that we are very close. For those who have Warka bank accounts…they really are in business. Most importantly, the IBAN (which is the identity of that bank)…and my account…I logged in as usual…and noticed something different. You now can see the account number and the IBAN code. That IBAN number…shows they are going international. I was so happy to see that! If they weren’t ready…they could have waited until next year. This is more confirmation….This is solid proof they are going international. All that is missing is the rate.
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wmawhite (Dinar Guru) – …it is always good to ask…”what is it that we know.” Most of what we know comes from the Central Bank of Iraq. The most recent was two and a half weeks ago… “The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project…he added that “the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017…” …other article/opinion pieces, IMO, support or add to what the CBI has indicated what they want to do.
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Parliament: the host Governor and bank managers to discuss the reasons for the high dollar prices
The Parliamentary Committee on the economy and investment plans to host the Governor and directors of State banks, soon to find out the reasons for the low dollar reserves and exchange rate appreciation.
Although taking many Iraqi Central Bank action to try to reduce the dollar in local markets remains shaky rising up sometimes to 1300 dinars per dollar, as attested in return Bank reserves, continued deterioration.
Supermarket called citizens and merchants to complain to him about banks and remittance companies that sell per dollar by more than 1200 BD, having expanded sales outlets to include State banks, as campus last month three private banks and banking company 99 entry window to sell the currency, because of violation of the laws and regulations of the Bank regarding the purchase and sale of foreign currency but those actions didn’t work well in lowering rates, and comforted to reasons of oil sales and the dollar exchange rate to other currencies…
More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – The media and parliament is all talking about the Monetary Reform…Economists are telling the GOI to add value to the IQD to solve all of their problems. IMO – Abadi will NOT hesitate…the MOMENT Mosul is SAFE and SECURE/STABLE! He is surrounded by America’s BEST! …everyone in Iraq is pressuring the CBI to raise the value of the IQD. Abadi is looking for that “perfect moment.” That man could flip the switch whenever he wants. All of this to be reported on the 7th of November…and plan B if it’s the 7th of December. [post 3 of 3]
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Frank26 (Dinar Guru) – Dr. Shabibi said he wanted to bring back the value of the 70’s – 80’s. Shabibi said that it depended on supply and demand. Supply and demand is about to happen by the citizens in Iraq. The IMF is ready…in my opinion…and Iraq is getting ready. IMO…a date and a rate is being explained to the IMF right now…on the 7th [November]…or the 7th [December]. Two days ago the finance committee met with Allak (and others) to see if things were improving. Auctions, rate, etc. We believe that is what those meetings were about. They only have to meet on November the 7th and not necessarily December the 7th. December is optional. If they are ready – it won’t be necessary. The meetings must be successful…and is inches away. [post 2 of 3….stay tuned]
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Frank26 (Dinar Guru) – Remember what we said about Fallujah? Give us Fallujah and we’ll give you the Economic Reforms? …And the economic reforms poured out about a week BEFORE they gave you Fallujah. So here we are with Mosul and we’re within a ½ a click from Mosul…maybe closer. We’re almost at the CENTER of Mosul – in my opinion. When it comes to the news…it doesn’t get any better than that. Mosul is very close and…it will bring STABILITY AND SECURITY for IRAQ so they can move forward. We’re looking for a FLAG in Mosul and a FLAG of the Monetary Reform. [post 1 of 3….stay tuned]
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wmawhite (Dinar Guru) – …keep in mind, that the large notes will be needed in the market place until the prices of goods decrease…but the prices will not decrease until the value of the currency buying the goods increases in value significantly. So, when you are told the delete the zeros project will result in the need for the 50, 100 and 200 IQD notes, then you can assume that there is a change in the value coming soon. The smaller notes will coincide with the larger notes for up to ten years. The most important part of their statements is that the 50, 100 and 200 is expect either by 2017 or the beginning of 2017…and in order for the 50, 100 and 200 notes to work…and change in the value must occur. [post 2 of 2]
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Parliament begins tomorrow with the second reading of the budget in 2017
{Baghdad: Euphrates News} House of Representatives tomorrow begin the second reading of the budget law for 2017.
According to the parliamentary finance committee member Sirhan Ahmed told {Euphrates News} Friday, that ” the parliament will start in its regular day on Saturday the second reading of the law of 2017budget.”
He added that ” there will vote on the budget bill at the completion of the final version of him during this month . ”it is said that the House of Representatives ended on 24 October last, the first reading of the draft next year ‘s budget law of 2017…
More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) – Article: “Iraqi monetary system enhanced the currency of a new dinars” This is what the Central Bank said two and a half weeks ago…”He noted that” the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years, “pointing out that” this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity.” …ancient coins…(coins/notes)… i.e. the notes you have today. The notes the citizens currently have will be accepted for 10 years. [WHICH IS THE SAME NOTES THAT WE HAVE.] In order for those smaller notes to be put into circulation/market place, the value must change. If the value changes then something will change with the peg as well as the auctions. In other words…these are all tied together…that is why it is referred to as a “project”. [post 1 of 2….stay tuned]
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Adam Montana (Dinar Guru) – […It will soon be time to buy dog tags and that RV would sure help out. And I could sure use some new ham radio equipment…] That sounds like a Christmas wishlist, so hopefully it happens in time. If not, I don’t think we’re too far away so… GO RVVVVV!!!
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Kaperoni (Dinar Guru) – Article: “Decline in central bank reserves to 40 billion dollars” The CBI is now trying to follow the IMF directive and they are losing reserves as a result of the more liberal foreign currency auctions. The problem is they never stopped the corruption first so all they are doing is fueling the fire at this point. Iraq needs to shut down the money laundering and theft through the private banks before they can solve the auction problem. Otherwise…the reserves will be gone soon. The alternatives are not patches or plugs but sound repairs and changes. IMO, the CBI cannot continue down the same path pegged to the dollar much longer unless they can fix this soon. The alternative is a disorderly exit to a float which may not be what we want to see at this time due to the lack of laws and investors
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BGG (Dinar Guru) – […I’ve read that Iraq is on the white list and some say they aren’t. What is correct?] That is likely a “process” they are in the middle of…value is likely nearer the end – but they MUST have international support…without international support who is there to “accept” their currency?
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Adam Montana (Dinar Guru) – MOSUL! Iraq is KICKING BUTT in the “beat ISIS” department… IT’S AWESOME! You’re also going to see a good amount of good news about Oil, Parliament, Budget, and more! This is an exciting time! To summarize where we are, I think it’s as simple as this: Iraq is making short work of ISIS in Mosul. Once they have a clear victory there, which should be very soon, they have no reason to delay on the HCL, which will be another major milestone for them, and it’s a big ‘ol downhill snowball effect from there. Did I mention it’s an exciting time to be part of this?!
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Iraqi Dinar/Dollar auction 11-03-16 (most recent listing)
Currency Auctions Announcement No. 3311
This daily currency auction was held in the Central Bank of Iraq on the 11-03-2016
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$) | 146,853,903 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 146,853,903 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) – Article: “Auction of foreign currency” new look … corruption in Iraq.” Quote: “The “foreign currency auction”, which was created after the US occupation of Iraq in April / May 2003, specifically in the year 2004 by the Central Bank of Iraq, represents a new form of the associated process of money laundering in Iraq, economic corruption…” HERE IS AN ARTICLE THAT OUTLINES THE LINK BETWEEN ECONOMIC AND POLITICAL CORRUPTION AND IN DETAIL…OUTLINES THE BREACHES AND FAILURES OF THE AUCTIONS…INTERESTING EPILOGUE…IRAQ CAN NOT BE RESCUED BY REFORMS ALONE…BECAUSE THE BASIS OF REFORM MUST BEGIN WITH THE TRIAL OF WHALES…AND RECOVER STOLEN IRAQI STATE FUNDS…
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BGG (Dinar Guru) – [Have they prioritized the key investment laws that will set the stage for an international currency and allow capital to flow into the country…?] They have had the Investment and Banking Laws “on deck” for a while now…there is NO DOUBT the IMF has given them “the word”…investors have to have “an exit” – otherwise they WON’T ENTER…the wall of investment income they are expecting – will NEVER HAPPEN… without the investment law…when it is time – BOOM.
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BGG (Dinar Guru) – Article quote: “…predicted the financial advisor to the prime minister appearance of Mohammed Saleh approve the budget year 2017 before the end of this year…” This will answer a lot of issues… I fully expect them to codify the “functional HCL” in the 2017 budget as they have in the past...in essence – whatever the impacts of a true HCL would have been – they go ahead and allocate and draw out such agreements “loosely” in the budget…executing the impacts of the HCL without having to go through the stress of the actual process.
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Kaperoni (Dinar Guru) – Article: “US-led coalition: Mosul will be soon liberated” Quote: “The battle to liberate Mosul, ISIS last stronghold in Iraq, has been witnessing remarkable progress as they enter their 16th day.”
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Frank26 (Dinar Guru) – The CBI cannot control the street market rate! Only an increase in the exchange rate can control the street market rate. Give it some power…and they did. 1,300…a slight PIP movement…which is a start. The citizens will be very proud of their currency soon. Will they start at 10 cents? 20 cents? I don’t know the rate or the date…The street rate needs the IQD to go up in value. A gradual increase in their currency is coming…the dropping of the 3 zeros. On plan…on schedule…which is exactly what they told their banks…only the IQD at the beginning of 2017. Take note, the IQD exchange rate may increase, but may take time for it to reach the international world, and I believe that is what we are going thru right now. These are the finishing touches to the monetary reform …IMO…The free-float rate…will continue to increase…which I believe will be 1 to 1… [post 2 of 2]
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Dinar Updates – “Behind the Scenes!!”
from Tues nite – Nov 1st
w/RCookie, Mr White & Hutch
Smart phone user link – Click here
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Frank26 (Dinar Guru) – Remember when Kuwait said they were not going to revalue their currency…and then they did? Remember when China came out with a full-page ad and told the world they were not going to change their currency – and three days later — they did? I believe this to be very well plotted out…which is what we’ve been studying. The IQD is going to go up in value. [post 1 of 2….stay tuned]
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BGG (Dinar Guru) – [How does the deleting of the zeros affect out investment if we have all large bills?] …the “Deleting of the Zeros” program – IS THE PROCESS of raising the value and removing the large notes from the marketplace. …it is the “effect” you are looking for (BTW – this is that one instance “effect and affect” are ALMOST interchangeable. [Will we be able to cash in the large bills at the increased value?] The “affect” on your investment (if you have these large bills) is you will experience this surge in value… in fact, any size bills will do…it is highly likely you will be able to exchange these bills at an increased value. Obviously – why we are all here. However, none of what I portray is any long stretch – they have written directly on these subject(s).
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rcookie (Dinar Guru) – Article: “Economist: 2017 budget to meet its obligations with the private sector” …THEY ARE DISCUSSING THE NECESSARY BUDGET REVENUE & EXPENDITURE REFORMS BEING APPLIED TO SUPPORT PRIVATE SECTOR ADVANCEMENT IN IRAQI ECONOMY…AND ROLE INT’L LOANS PLAY IN BRIDGING DEFICIT SHORTFALLS...THEY ARE TALKING ABOUT THE SUCCESS OF THE 2017 BUDGET IN ADDRESSING BOTH SIDES OF THE BUDGET… OPERATIONAL…AND DEVELOPMENTAL.
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Adviser to the Prime Minister: fees and taxes important to reduce the deficit
Economy News / Continue ….Financial Advisor to the Prime Minister emphasized the appearance of Mohammed Saleh, that in the coming 2017 budget, was “incompatible” with the demands of the International Monetary Fund, returned to “expand” non-oil imports and the application of duties and taxes which estimated “true” sets of debt and achieve a coupon of 12 percent.
Saleh said, in an interview, “The 2017 budget was in line with the demands of the International Monetary Fund, particularly in the matter of activating the non-oil resources,” he returned to those “imports from duties and taxes and other, important to reduce the budget deficit.”…
More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – “Delta…studies the CBI website for us…reads every article … interprets them. He pays attention to the spreadsheet…shows key numbers…projected rates…but some fields are blank. Projected rates show 14 to 15 cents…but the 2016 is blank. Now, some are no longer variables…they are now derivatives. So many things…and all before November. We believe…Abadi and Saleh are sending confirmations/ documentations to the IMF within the 10 days that we talked about — which are coming to a close … all BEFORE November. IMO — all an indication of their financial reform.” Overall they are talking about the Monetary Reform everywhere…and Delta found 3 sources now …and that’s why we tell you it is legit. The rate of the IQD must go up…and the Lower Denoms must be introduced. Delta said that the article when he translated said that this “DID HAPPEN” (past tense) the value of the IQD – the word “yurfaw” (sp) translated means that it did happen. Street value? We’re not sure.”
BGG ~ RESPECTFULLY… none of this is an accurate portrayal. It’s a lot of “pass around” and “intentional innuendo”…
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rcookie (Dinar Guru) – Article: “Muhammadawi: We seek to link Iraq to the economic capital of the world…” Quote: “We are trying to link Iraq’s economic capital of the world through a stable and attractive… investment environment, creating …We put forward the vision of Basra to attract investment on a large scale, and to create a…stable and attractive investment and linking Iraq’s economic capital of the world through the stimulus on economic and trade cooperation on international and regional”.environment…” HUGE…HUGE STATEMENT… INDICATING THAT THERE ARE EFFORTS TO TIE IRAQ TO THE ECONOMIC CAPITAL OF THE WORLD!
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Islandg1211 (Dinar Guru) – …the WTO website page on Iraq that clearly shows that Iraq has done NOTHING for years to further their membership. Iraq hasn’t even had a working group meeting scheduled with the WTO the past few years. …the FATF website info…said that they reviewed Iraq in June and they had four more requirements to complete before getting on the White List. So, Iraq is not on the White List, nor will they be by January unless they complete the requirements state. I said last January, Barzani gave a CNN interview and stated that Mosul wouldn’t start for months, and it would take months to complete. I posted last New Years that Abadi gave a speech that day and said Mosul would be free “by the end of the year.” Iraq has years to go to join the WTO. Iraq has more steps to complete to get on the FATF White List. Mosul was never expected to get done before the end of the year.
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Iraqi Dinar/Dollar auction 11-02-16 (most recent listing)
Currency Auctions Announcement No. 3310
This daily currency auction was held in the Central Bank of Iraq on the 11-02-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 14 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 148,382,765 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 148,382,765 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) – Article: “On the Keywords: we underestimated the effects of the financial crisis in Iraq in several ways” Quote: “Systems at the American University in Dahuk province, an economic conference, discuss the financial problems in Iraq, with the participation of senior financial and economic official” THIS IS THE DOHUK CONFERENCE… THEY AGAIN OUTLINE THAT CONTINUED ACCESS TO THE INT’L LOANS ARE DIRECTLY LINKED TO REFORMS CARRIED OUT BY IRAQ TO RECEIVE THE REMAINING $16 BILLION...WHICH THE 1ST REVIEWS TOWARD THE 1ST LEG OF LOANS ($5,3 BILLION) WILL OCCUR AFTER PUBLISHING OF THE 2017 BUDGET LAW…WHERE CONFIRMATION OF THOSE REVENUE AND EXPENDITURE REFORMS WILL RESIDE FOR 2017…THEN IRAQ CAN SAY “SHOW ME THE MONEY”…AND RECEIVE THE REMAINING INSTALLMENTS OF 2016 MONEY…AND NOWHERE… NOWHERE DO THE SBA LOANS ACCESS HAVE ANY TIE INTO A CURRENCY VALUE CHANGE…
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rcookie (Dinar Guru) – Article: “Allawi back to the office and give up the financial dues” Quote: “The President of the National Coalition, Iyad Allawi, on Saturday, for his return to active duty as deputy president of the republic in order to “achieve unity,”…” AMAZING…THERE WERE REPORTS YESTERDAY OF HIS REFUSAL TO RETURN TO VP POSITION…AND KEEP IN MIND ALLAWI…UPON ANNOUNCING HIS RETURN AS VP…HAS NO INTENTION OF RELINQUISHING HIS ALLIANCES PURSUIT OF MINISTRY OF DEFENSE APPOINTMENT…
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rcookie (Dinar Guru) – Article: “Money experts discuss ways to get rid of the economic crisis in the province and the center” Quote: “The first session included numerous interventions made by Messrs participants from various official economic actors and university professors.” LOOK AT THIS MEETING AND THE ACTORS…MINISTER OF PLANNING JUMAILI…CBI GOVERNOR ALAK… FINANCIAL ADVISOR TO PM SALEH…KURDISTAN PLANNING MINISTER DR NABI…MINISTRY OF FINANCE UNDERSECRETARY HANDAL…HEAD OF IRAQI PRIVATE BANK ASSOCIATION ALATERCI…ALL MEETING AT DOHUK UNIVERSITY WORKSHOP TO DISCUSS THE ROLE OF CENTRAL BANK IN RESOLVING ECONOMIC CRISIS IN REGION AND THE COUNTRY…WOW!
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Iraqi Dinar/Dollar auction 10-31-16 (most recent listing)
Currency Auctions Announcement No. 3308
This daily currency auction was held in the Central Bank of Iraq on the 10-31-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 148,851,319 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 148,851,319 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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MadDScout (Dinar Guru) – Article: “The Central Bank succeeds in raising the value of Iraqi dinar to us dollar” I want everyone to keep their feet on the ground. We can only ever watch the action. When the action bears this out to be an accurate report, then I will throw a party. [IS this the only source of this sort of news?] No I have seen it in 5 places…5 sources... I am watching with both eyes.
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MadDScout (Dinar Guru) – [Have all of the new ministers been approved?] Not yet…They are looking at the resume’s. The COM is now looking through the submitted names…Then once they have consensus it goes to parliament.
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Expectations approve the budget before the end of the year
BAGHDAD / Sabah – predicted the financial advisor to the prime minister appearance of Mohammed Saleh approve the budget year 2017 before the end of this year…
More: http://dinarupdates.com/blog/
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1bobby (Dinar Guru) – [Have all of the new ministers been approved?] I think next weeks sessions will tell us a lot of where they are as far as Ministers.
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MadDScout (Dinar Guru) – [Do you not think that Mosul is the lock, if Basra is the key? Iraq must have security stabilized.] I personally think Mosul is a big factor towards their social stability…And there are a lot of adjustment being made in the post Mosul discussion…There was a visit by the Speaker of parliament today in Erbil…There are what he called “adjustments” being made...and they infer territory and such as has “not been before”. [Do you think that will become Kurd territory?] I took it that not all would be happy with the new arangements but they were for the greater good of Iraq. That seems to be what is being discussed.
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Frank26 (Dinar Guru) – […are we in the 3 days till release?] …3 days…10 days…A month…End of December…We do not focus on a DATE but STUDY these days and their events. Which IMO have been substantial in our evaluation. The RI is INTERNAL and a NEUTRAL event…IOO (in our opinion). The gradual IQD increase is occurring but not familiar to a majority. Yes IOO at any moment they can surprise us…The International Investors… But not until their RI phase is complete and we said the Mosul Liberation is but ONE of these RI Steps.
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Iraqi Dinar/Dollar auction 10-30-16 (most recent listing)
Currency Auctions Announcement No. 3307
This daily currency auction was held in the Central Bank of Iraq on the 10-30-2016
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$) | 149,831,633 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 149,831,633 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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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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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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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 mu0thch 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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