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

______________________________________________________________

Indicative rates – 12.01.2016

http://www.cbi.iq/

______________________________________________________________

There is no such thing as public money; there is only taxpayers’ money. – Margaret Thatcher

______________________________________________________________

*** Current News ***

______________________________________________________________

Kaperoni (Dinar Guru) –   Article:  “Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros”  Quote:  “…the bank will start applying the certified standards internationally in this regard the beginning of December next, with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard.”   …the CBI is stating, were not ready to delete the zeros yet, but we are moving the banking system forward to engage with the global banking system.  Does anyone see the importance of this?  It is another clear sign that the CBI has no intention to LOP the dinar.  If they did, they would certainly do it prior to bringing the world’s financial system into play. Stating it as they do, IMO only confirms that they intent to raise the value of the dinar as we have stated for years.
______________________________________________________________

tman23 (Dinar Guru) –   “the Central Bank of Iraq has not set a date for the deletion of zeros from the currency dinar,”  Did Shabibi not say…The deletion of the 3 zeros must be done at the start of the NEW YEAR…AND not in the middle of a quarter or the middle of the year…A timeline by a credible source! AND the current CBI governor said in recent articles…EARLY 2017…   …I’LL GO OUT ON A LIMB AND SAY WITH-IN THE FIRST 10 DAYS OF 2017…   “the Bank Enter accredited international standards by an international auditing firm for the classification of financial and banking institutions, including ensure compliance with the requirements of the compliance of the law against money laundering and terrorist financing for the year 2015, where it will be applied to the beginning of December next.”…ERNEST AND YOUNG WERE TO FINISH UP MID NOVEMBER…AND SO AS SUSPECTED WE WOULD SEE THIS TYPE OF ANNOUNCEMENT AT LEAST 30 DAYS BEFORE THE “HAPPENING”! …12/15 – 1/3…
______________________________________________________________

Dinar Updates – “The After Call!!”
from Wed. nite – Nov 30th
w/RCookie, Mr White & More!!
Click-N-Listen!!

Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) –  JUST READ THIS HEADLINE… “Jubouri: Parliament ongoing legal legislation in which they can change the reality of this country“   NUFF SAID…
______________________________________________________________

Adam Montana (Dinar Guru) –   […bout time to hear some good news  go go Rv?]   I am not going to sugarcoat this, YES IT IS about time! We’ve waited a long time to get into a situation this positive!
______________________________________________________________

rcookie (Dinar Guru) –    Article:  “Iraqi Kurdistan displays oil deliveries to Baghdad”  Quote:  “The President of Iraq’s Kurdistan Regional Government, Nechirvan Barzani, was ready source of oil delivered to the federal government in Baghdad, against the payment of salaries of employees of the province, to welcome the Iraqi Oil Ministry this step, which is a breakthrough in the list between Baghdad and Erbil oil crisis.”  KURDS ARE TURNING OIL PRODUCTION OVER TO CENTRAL SO TO FACILITATE OIL AGREEMENT AND COMPLIANCE OF REGIONAL COMMITMENTS TO RECEIVE THEIR 17%…
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/MadDScout & 1Bobby – Dec. 1st 7:30pm EST – In DU CHAT!!

www.DinarUpdates.com – save as favorite

______________________________________________________________

Frank26 (Dinar Guru) –  …the Budget.   Will the budget they are working on come out with a new rate?  IMO…no.  Can it come out with a new rate? Oh yeah.   Is the budget ready?  Yes…because Abadi told you so a few days ago.  What did he say in the article? That it was being postponed…  The new rate will NOT come out from the new budget…but from the CBI…when they are good and ready.  All of this comes from a “play-book” or plan.  The budget will be in dinars. That is a VERY IMPORTANT FACTOR… If they have the new rate in it…they are not going to tell you about it.  IMO – the budget will not wait for the new rate…it moves on.  When the new rate is out…EVERYTHING can be easily converted to the new rate that they are working on with the MR. 
______________________________________________________________

rcookie   …ALAK….SALEH AND FINANCE COMMITTEE MEMBERS HAVE OUTLINED 7 LAWS IN ADDITION TO THE INVESTMENT LAW AND OTHER ECONOMIC & FINANCIAL ACTS IN NEED OF AMENDING… 
1. CENTRAL BANK LAW NO. 56 (2004)
2. FEDERAL BANKING LAW NO. 94 (2004)
3. COMPANIES LAW NO. 21 (1997)
4. IRAQI STOCK EXCHANGE LAW NO. 74 (2004)
5. FINANCIAL ADMINISTRATION ACT
6. INTEGRITY COMMISSION ACT
7. PFM LAW AMENDMENT & INCORPORATION TO 2017 BUDGET LAW
______________________________________________________________

hutch (Dinar Guru) –     LOTS OF GREAT RECONCILIATION THINGS HAPPENING… WE ARE IN A GREAT PLACE RIGHT NOW!
______________________________________________________________

Iraqi Dinar/Dollar auction 11-29-16 (most recent listing)

Currency Auctions Announcement No. 3328

This daily currency auction was held in the Central Bank of Iraq on the 11-29-2016

The results were as follows:

More: http://dinarupdates.com/blog/
______________________________________________________________

Backdoc (Dinar Guru) –   Article:  “Oil Industry Anticipates Day of Reckoning”   WITH ALL THAT IS COMPLETED AND COMPLETING IN IRAQ AND VIETNAM, THE DOLLAR WILL NOW BEGIN TO MAKE ITS’ ADJUSTMENT AND OIL WILL BEGIN ITS’ RIDE HIGHER!   THIS IS A HUGE EVENT…  THESE COUNTRIES KNOW THAT ITS NOT JUST ABOUT OIL IS IT?   NO!   MANY COUNTRIES ARE READY FOR CURRENCY ADJUSTMENTS, AREN’T THEY?   MY EYES WILL NOW WATCH FOR EVENTS ON THE 8TH THAT WILL BE STARTED!
______________________________________________________________

BGG (Dinar Guru) – …at this point – Maliki is likely a non-factor…In fact…a couple of days ago…Maliki was attacked by SHIAS during the “haj” to Karbala…In laymans terms – his own people attacked him as a criminal and a thief!! Very telling as to the mood of the people in Iraq. It would also appear there is “broad support” for this rooting out of corruption and cleaning things up…So – while Maliki has likely been an economic non-factor for a while now – he clearly once was… AND as recently as YESTERDAY the final issue may well have been settled…they are moving ahead economically and financially – monetary reform is about all kinds of other things. [post 2 of 2]
______________________________________________________________

BGG (Dinar Guru) – While Maliki is of little importance to the current situation – as in economic reform… it is HUGE that he’s been gradually minimized over the last year or two. Culminating in this “Law of Popular Crowds” being passed JUST YESTERDAY…this “Law of the Popular Crowds” …IT IS VERY IMPORTANT…this law brings the Shia Militias more under the control and purview of Abadi and the Central GOI. The fact of the matter is this – without Maliki being gone – NONE of this economic, political and monetary policy reform would be possible…Once Abadi took over – he’s had to chisel away at that “power base” a little at a time… [post 1 of 2….stay tuned]
______________________________________________________________

Iraq receives four billion dinars as a loan from the World Bank next month

Special News – Economic Adviser to the Prime Minister revealed the appearance of Mohammed Saleh, Sunday, that Iraq will receive four billion dinars as a loan from the World Bank, the start of the month of December next.

Saleh said, L / balance News /, that “Iraq will receive four billion dinars as a loan from the World Bank loans of the seven major industrialized nations and the European Union, the start of December next.”

He said economic adviser, said: “The loan is allocated to support the general state budget for the purposes of investment projects, which include support for various projects, including vital infrastructure destroyed and the rehabilitation and reconstruction of the affected areas,” .anthy 29 / A 43 areas

Read More: http://www.dinarupdates.com/showthread.php?44250-Iraq-receives-four-billion-dinars-as-a-loan-from-the-World-Bank-next-month-11-27
______________________________________________________________

Adam Montana (Dinar Guru) – …we are HEATING UP! I’m not even going to go into great detail about the current situation, it’s THAT easy to understand. 1. We have a good shot at a Budget this week. This is unprecedented, and will be the soonest Budget approval EVER. 2. Oil. ‘Nuff said: “Kurds request Baghdad and Erbil to commit Oil agreement” 3. World Bank to loan 4 billion DINARS next month. That’s NOTHING… without a change in the rate. Seriously not even worth the paperwork, much less a news story… WITHOUT A CHANGE IN THE RATE. Can you say “GO RV”? This is quite simply one of the best times I have ever seen for the IQD, and we are witnessing it happen right in front of our eyes! I’m pretty sure some of you are finally starting to wake up to the fact that we are getting close…
______________________________________________________________

BGG (Dinar Guru) – Article: “Iraq receives four billion dinars as a loan from the World Bank next month” When I saw this one – my first thought was… 1) That is great… the WB pitching in (even if it IS only 4 million USD) means they are HEADED towards international “re-integration”… via IMF oversight and my second thought was…2) 4 million USD doesn’t seem like much (or less) – unless of course… it’s NOT REALLY 4 million? they quoted this number in Dinar (which they would – since it is in Arabic vernacular)…but that number may not be “exactly static”…Who knows what 4 Billion Dinar is worth then? 4 million doesn’t do much in the way of “reconstruction”… That article says Dinar… another one says USD… My point…it’s probably NOT 4 Billion Dinar at it’s current value. That would only be 4 Million USD – that’s about enough to “reconstruct” one really nice house…4 Billion – on the other hand… might be a start…
______________________________________________________________

BGG (Dinar Guru) – “…Iraqi Council of Representatives included a vote on the draft general budget of the Federal Republic of Iraq for fiscal year 2017 on Monday session agenda.” Well – they have already pushed thru some crucial votes… no need to stop now. If they want to stay in good with the IMF they have some “housekeeping” to get handled – this business about passing budget bills late in the current year won’t fly…I expect to see a 2017 budget passed before 2017 gets here…
______________________________________________________________

Iraqi Dinar/Dollar auction 11-28-16 (most recent listing)

Currency Auctions Announcement No. 3327

This daily currency auction was held in the Central Bank of Iraq on the 11-28-2016

The results were as follows:

More: http://dinarupdates.com/blog/
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com