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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Indicative rates – 12.06.2016

http://www.cbi.iq/

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Let me never fall into the vulgar mistake of dreaming that I am persecuted whenever I am contradicted. – R.W. Emerson

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*** Current News ***

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Kaperoni (Dinar Guru) –   Article:  “Finally .. withdraw your money in Iraq from ATM ”  I do…believe this is a significant step forward for Iraq as this advancement will improve Iraq’s banking system activating e-commerce, ATMs, electronic transactions, etc. As stated in several articles this is necessary to meet international standards. Which we know is a requirement for international banking and eventually Article VIII. All measures that will help the dinar appreciate when the time is right.  All of this will have an effect on corruption. And show the global financial system Iraq is ready for international transactions.
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Dinar Updates – “The After Call!!”
from Mon. nite – Dec 5th
w/RCookie, Mr White & More!!
Click-N-Listen!!

Smart phone user link – Click here

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BGG (Dinar Guru) –    IMHO – the IMF wants them to start acting like a real country, pass budgets correctly and on time, pay their bills – kick out terrorists, don’t pursue their political adversaries in a “police state” sort of way …either way – IMF, UN, WB has had enough.   
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Kaperoni (Dinar Guru) –   Article:   “Finally .. withdraw your money in Iraq from ATM”  Quote:  “CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country.”  Good news.  Project “chucked” or project “divide” whatever you want to call it has been talked about for several years. Finally, it is operational.  ATM’S are now active in Iraq! Woo-hoo. This is a critical step towards bringing Iraq’s banking system online and up to speed with the rest of the world.  For those who say “Iraq never accomplishes anything,” this is a milestone.
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Don’t MISS – “DU NEWS TIME” w/MadDScout, 1 Booby & More!! – Dec. 8th 7:30pm EST – In DU CHAT!!

www.DinarUpdates.com – save as favorite

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BGG (Dinar Guru) –  Article:  “Iraqi parliament accepts proposal to pay Kurdish gov’t employees in return for oil”   Isn’t this a little like “Water is wet”…or “we’ve agreed to do everything we’ve already agreed to do…”… correctly this time…the fact of the matter is this… the IMF is looking over their shoulder – they HAVE TO GET THIS DONE… 
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MadDScout (Dinar Guru) –  Article:  “Iraqi parliament accepts proposal to pay Kurdish gov’t employees in return for oil”   This is the Kurdish portion that has been approved not the vote on the Budget…That will be Monday at 1PM.
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BGG (Dinar Guru) –   Article:  “Urgent Jubouri declared the readiness of the budget and printed for a vote”   they have been working on it….it will happen…they HAVE TO – IMF is likely pushing this. [sounds like they are voting on it now…as we speak.]  That is what I gathered… however, we are a world away and this is Iraq… we should wait and see.
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Iraqi Dinar/Dollar auction 12-05-16 (most recent listing)

Currency Auctions Announcement No. 3332

This daily currency auction was held in the Central Bank of Iraq on the 12-05-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Breitling (Dinar Guru) –   Here’s the difference between Iraq and Turkey…the one thing you need to understand is that Turkey got rid of the three zeros on it’s notes.  In other words their note count never changed.  They never took any notes out of the market…why is Iraq taking physical notes out of their market?  …Turkey took three zeros off their currency, they didn’t take any physical notes out…they pretended they reduced the note count by taking the three zeros off the notes.   We know Iraq is not doing the same thing.  Why?  Because they physically took notes out of circulation.  They already retired the 50 dinar note.  So they went from 9 billion notes to 6 billion notes.  Did they take any zeros off in that process?  No!  They went from 6 billion to 4 billion.  Did they pretend there were any zeros off their notes at any time?  No!  Did they retire any notes that they had out there?  Yes…they retired the 50 dinar note.  How people don’t see the difference..either they don’t or it’s just too much to handle.  This isn’t for everybody…It can’t just be on hope and prayer cause you end up loosing.  There has to be logic somewhere. 
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BGG (Dinar Guru) –  ...they are working with us, the IMF, the UN and the world…they need international acceptance.  Iraq’s currency situation is getting better and better – ISIS money being destroyed. AND – we’ve got the major players hunting “smuggled currency”… DAILY.  My guess…there is likely 10-20% of the outstanding currency there was a couple of years ago… Economic and monetary reform is already on the way (started)… HANG ON!!
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Frank26 (Dinar Guru) –   …know this…When it happens it will be posted on the CBI website with no celebration in Iraq. It will simply be another day.
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Iraqi Dinar/Dollar auction 12-04-16 (most recent listing)

Currency Auctions Announcement No. 3331

This daily currency auction was held in the Central Bank of Iraq on the 12-04-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) –   [I have heard that they have to RI or RV to get their loan…?]  NO…IT IS ABSOLUTELY NOT TRUE…THE IMF LAID OUT EXACTLY WHAT IRAQ NEEDED TO DO TO QUALIFY FOR THEIR ACESS TO SBA…EXACTLY…JUST AS THEY DID FOR PREVIOUS SBA’S…SMP’S AND RFI’S….AND NOWHERE…NOWHERE HAS THERE EVER BEEN EVEN REMOTELY A SUGGESTION OF SUCH…EVER.
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tlm724 (Dinar Guru) –   Saleh announced on 11/27/16 that there will be a new bank to finance trade and private sector thus creating a single window for the purchase of USD and eliminating the CBI having to deal with it. There will very strict guidelines as mentioned in the article above and that will eliminate the fraud and corruption of the auctions! Things are shifting in our favor. We have a great chance of seeing huge progress in the delete the zero’s project in the coming months…  It wouldn’t surprise me to see the HCL and the agreement with Kurdistan finalized as well…good days are just ahead! We have the IMF holding one hand of the CBI and the US Treasury holding the other. Be kinda hard to mess up with that combo at your side!  Appears all systems are go just gotta restore stability…  [post 2 of 2]
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rcookie (Dinar Guru) –  JUST READ THIS HEADLINE… “Jubouri: Parliament ongoing legal legislation in which they can change the reality of this country“   NUFF SAID…
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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%…
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Dinar Updates – “The After Call!!”
from Wed. nite – Nov 30th
w/RCookie, Mr White & More!!
Click-N-Listen!!

Smart phone user link – Click here

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