Word for the day…

Mrs. BGG

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Indicative rates – 01.10.2017

http://www.cbi.iq/

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One of the sanest, surest, and most generous joys of life comes from being happy over the good fortune of others. – Robert A. Heinlein

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*** Current News ***

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BGG (Dinar Guru) –   …article about the greatly tightened border scrutiny of borders and ports with respect to currency moving out of their borders…I think a lot of people missed that one about the borders last week…it was much bigger than the ‘airplay’ it got...shows a serious ‘sensitivity’ to currency moving outside the borders in an uncontrolled manner. Which begs the question – why?  In conrast – the US doesn’t worry too much about currency moving around… why is Iraq’s ‘currency sensitivity’ so heightened right now?  the answer is easy – they’ve already told us.
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Enorrste (Dinar Guru) –  “Central Bank supports the international mathematical figure the “IBAN” starting from 2 January 2017”   Here is what IBAN means:  “The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors.”  Therefore, this is a major step in prepaing to go international with the dinar.  By accepting the IBAN system they are saying that the rest of the world can access Iraqi bank account information if necessary.  This is a huge opening and will prepare the way for entry into Article VIII and international trading of the dinar, in my view.
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BGG (Dinar Guru) –  Article:  “Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions”  That is big news… Their IBAN ‘unification’ is a very big move…looks like we could see the start of international “re-integration” soon.
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rcookie (Dinar Guru) –  GOT A WHOPPER FOR YA.   Article:  “Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions”  Quote:  “…introducing the international bank account number (IBAN) system in Iraq.”   THIS IS BIG NEWS BECAUSE IBAN HAS BEEN PART OF THEIR WORKING BANKING SUPERVISION FOR MANY LOI’S FROM THE IMF…AND TODAY… BOULYAAAH!  ABSOLUTELY … HUGE!
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Dinar Updates – “the After Call!!”
from Tues. nite – Jan 10th
w/RCookie, Mr White,
Daytrader and Hutch!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

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BGG (Dinar Guru) –   […”re-integration.” Is that the same as revalue…are we still believing that they will revalue around .90 equal to 1 dinar to begin with?]   That’s not exactly the same…”re-integration” is more like a term the international community is using to describe this move to “re-engage” Iraq with the rest of the world economically. It is likely sometime around the same time they will start the project to “Remove the 3 Zero notes” as they have outlined over and over…the beginning stages of this “project” will likely include some change in the value of the Dinar.  This is the stage most here are after – but there is much more to follow as well. It get more and more exciting by the day.
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Mailman17 (Dinar Guru) –  WE ARE NOBODY IN THE GRAND SCHEME OF THINGS. THE AVERAGE IRAQI HAS SQUAT IN DINAR.  AND IF YOU DO, YOU WILL BE DEALT WITH AN OPTION BY THE BANKS IN IRAQ TO COMPLY TO THEIR RULES WHEN DEPOSITING.   AS FAR AS WE ARE CONCERENED, WE TOO WIL BE DEALT WITH FAIRLY, WITH THE BANKS MOST LIKELY TURNING OVER OUR DEPOSIT FOR CREDIT AND OUR MEASLY DINAR GOING INTO THE U.S. FOREIGN CURRENCY RESERVE. THE AMOUNT OF DINAR OUTSIDE IRAQ HAS BEEN FIGURED IN AND IRAQ WILL BE FINE COVERING IT AS IT WILL BE A VIABLE RESERVE USED BY OTHER COUNTRIES.  …LETS SEE WHAT TRANSPIRES. THE END OF THIS RIDE IS ALMOST OVER. AS ALWAYS…JMO AND IN REGARDS TO IRAQS STATED FINACIALS…LOOK IN THE PAST…ITS THERE…THEIR FINE.  [post 2 of 2]
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Mailman17 (Dinar Guru) –   THE IRAQI DINAR HAS AND ALWAYS WAS SET UP TO BE A RESERVE CURRENCY. THE U.S. BRITAIN AND THE PARIS CLUB NOT TO MENTION IRAQS NEIGHBORS CAN ONLY BENEFIT BY HOLDING THE DINAR AS A RESERVE. THE MERE FACT THE U.S. DOLLAR IS STILL CONSIDERED A RESERVE CURRENCY IS MIND BOGGLING…YOU ADD IT UP.  IF YOU BELIEVE THEIR M0 OR M2 IS THAT HIGH OUTSIDE IRAQ WITHOUT FATORING IN THAT MOST LIKELY 80% OF THAT NUMBER IS HELD BY FOREIGN GOVTS, THEN YOU GOT A SCREW LOOSE. THEY HAVE BEEN CAUGHT NUMEROUS TIMES WITH 2 SETS OF BOOKS. WHEN ADDING UP IRAQS M0 AND M2 FIGURE IN VIRTUAL CURRENCY AS WELL…NUMBERS ON A BOOK, NOT ACTUAL PHYSICAL CURRENCY. THIS IS AND ALWAYS WAS WAY MORE THAN WE COULD IMAGINE REGARDING PAYOUT.  [post 1 of 2….stay tuned]
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MadDScout (Dinar Guru) –   My anticipation is with what parliament does on its session to come…This one is chock full…And this one is Abadi’s chance to redeem himself to parliament according to reports…   Ministers…3 at the moment…Interior, defense and, finance?
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “NEWS TIME” w/RCookie & Hutch – Jan 10th 6:30pm CST – In the DU CHAT Room!!

www.DinarUpdates.com – save as favorite

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tlm724 (Dinar Guru) –   Article:  “Central Iraq” supports the currency delete the “zeros” dinar”  …the CBI has given us ample information yearly about the project. First they say we have a green light and then they recant saying “we aren’t quite ready yet” because it was true, they weren’t ready.  I am excited for 2017 and all the promise it holds. We are fortunate enough to be able to read and study daily and with a little discernment we do get a pretty good picture as to what Iraq is doing. We know they have and are taking the steps outlined by the CBI to get this project launched once and for all. Parliament is supposed to resume their sessions on Jan 10th or there about. We need to see a few laws revised and implemented to insure a smooth transition to a free market economy and more importantly we need to see the economic laws to protect their wealth. You know just as well as I do that the IMF, the World Bank and the US Treasury have their hands in Iraq’s piggy bank and they aren’t going to let Iraq slip with this, there is too much at stake.
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BGG (Dinar Guru) – RCookie was talking about…a very interesting article…RCookie’s article spoke to the border crossing thrust to regulate “currency smuggling” – my take?   IMHO – they don’t want “unauthorized” currency transfers OUTSIDE the country… ask yourself why?  [they are getting ready to revalue their currency?]  They have pretty much told us so… in a number of different ways.  …I am suspicious the “outside” number is the one they are most concerned with.  Why would they tell us?  Because they don’t care if you know…they aren’t talking to you and I…AND Shabibi did say – they would tell (educate) their people leading up to this event/start of “the project”…
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loop (Dinar Guru) –  Article:  “Detection Network visit smart cards finance seized 1.5 billion dinars”  Quote:   “…in coordination with the competent authorities have been caught on one of the gang members and the introduction of appropriate officials to justice and to take necessary legal action against the defaulters.”  Crime does not pay in Iraq anymore. It has become very apparent that the GOI has implemented strategies to stop the corruption and bring the perpetrators to justice. We see articles almost everyday that is showing this.
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Iraqi Dinar/Dollar auction 01-09-17 (most recent listing)

Currency Auctions Announcement No. 3355

This daily currency auction was held in the Central Bank of Iraq on the 1-9-2017

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) –   Article quote:  “Jordanian-Iraqi Business Forum will be held on the sidelines of the expanded meeting on Monday to discuss possibilities of strengthening economic cooperation and joint ventures.”  SO ABADI MET WITH EROGAN FROM TURKEY YESTERDAY…AND HAS JORDAN PM TOMORROW WITH AN ECONOMIC AGENDA...
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BGG (Dinar Guru) –  …everyone (me included) has operated under this premise that “they” wouldn’t tell us…like it’s some big secret… “the WHALES would sweep in and buy up Iraq for pennies on the dollar”…WHO WOULD THE WHALES BUY IT FROM?  the amount of Dinar in circulation outside of Iraq is a set number – they could care less who owns it…me – you – the guy down the street… it’s all the same to them.   …these articles they are printing are for their own people and their own purposes. Nothing to do with us… we are actually the little fish in this whole play.   …the currency “re-integration” is NOT THE BIG PLAY HERE.  Big time traders will make money on this the same way they always do – by trading once this new market goes digital and is accessible…and the big play is the “wall of investment capital” Iraq will get hit with once this happens. Once they are fully re-integrated in the world economy – THIS IS THE REAL PLAY.  [The first few days on the ISX after their currency is international is going to be facinating.]  Could be the biggest single movement in this whole happening.
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Kaperoni (Dinar Guru) –   Article:   “Central Iraq” supports the currency delete the “zeros” dinar”   A couple of things… technically, Iraq does not need to be in Article VIII for currency reform. They can do that at anytime.  …it is clear that the intent is to float the dinar or gradually raise the dinar over time which will raise the value of the dinar and raise the zeros. The IMF made it very clear (referring to the Ballassa Samuelson Effect) in 2012, and the CBI stated just last year they plan to bring out a 50, 100, 200 early 2017. Both of these statements only make sense under the circumstances I am explaining. LOP’s affect all notes at the same time, would not need 10 years to transition, would counter all statements made a few years ago by Saleh (the dinar will be held around the world for a very long time, etc), etc. etc.
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Dinar Updates – “DU News Call!!”
from Thurs. nite – Jan 5th
w/The DU FaceBook Crew!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

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Kaperoni (Dinar Guru) –   …the dinar won’t go to a dime overnight. It will rise gradually and thus the CBI can reduce the money supply from trillions to billions simultaneously.
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wmawhite (Dinar Guru) –  They have laws that eventually need to be passed. However, none of those laws preclude a change in the value of the currency.  Remember, nearly 21 months ago…March 3, 2015 the CBI announced that they had received the “green light” to move forward with the “Delete The Zeros Project.”  nothing about needing any laws passed…this event is in process…it is not a single event.  Instead, it has many parts to it and the value change is only one part of the project that is needed up front.
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Adam Montana (Dinar Guru) –   I have a good feeling about 2017, and it’s not because of a “feeling”… it’s a direct result of having watched this thing like a hawk for a few long years and having compiled a “big picture” of where we are and where we need to go. Much of 2016 was hampered by ISIS. That’s just a fact. There was no way Iraq could have successfully revalued their currency to a significant number with so many problems with ISIS. …two articles this morning…about Iraq’s resumed push into Mosul…both are positive about Iraq’s current success and continued success. This WILL happen! My key focus towards the 2nd half of 2016 was HCL, and it continues to be HCL.   Late December, Parliament set a specific date to start the “new” legislations for the year. That date was January 2, 2017, as in 2 days ago. Can anyone guess what legislation I’m excited to see?  You bet!  …some of what Parliament covered on their first 2017 session…it’s almost glaringly obvious that this will affect the HCL…
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Iraqi Dinar/Dollar auction 01-08-17 (most recent listing)

Currency Auctions Announcement No. 3354

This daily currency auction was held in the Central Bank of Iraq on the 1-8-2017

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) –    Article:  “Low monthly inflation rates and the annual report in November”   Quote:  “Hindawi said that “inflation index for the month of November last dropped by 0.7%, compared to October of last month,..”   INFLATION DOWN 0.7%  IN NOVEMBER FROM OCTOBER…AND DOWN 1% FROM NOVEMBER 2015…  [And what did Shabibi say about inflation and monitiary reform?]  IT IS THE DETERMINANT…
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rcookie (Dinar Guru) –   Article:  “Economist suggests that the economic comprehensive methodology in 2017”  Quote:  “Economic adviser and banker Samir Nasiri suggested the establishment of a Higher Council for the Department of Economic Affairs…”   HERES A BEAUTY!…FROM…NASIRI… CALLING FOR A HIGHER COUNCIL FOR DEPARTMENT OF ECONOMIC AFFAIRS…AND INCREASE IN PER CAPITA INCOME AND PURCHASING POWER FOR CITIZENS… AND WANTS TO…TO TRANSITION FROM A “HYBRID” ECONOMY TO A MARKET ECONOMY…IN ORDER TO ACHIEVE ITS NDP GOALS THROUGH 2030 AS OUTLINED IN THE CONSTITUTION …AND DEVELOPMENT OF INTERNAL AND EXTERNAL TRADE TO BENEFIT ECONOMY…THEN FINISHES BY ADDING THE NEED TO RAISE PER CAPITA INCOME… PURCHASING POWER AND RAISE THE NATIONAL INCOME…(GDP)…WOW!…GREAT STUFF!
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Dinar Updates – “After Call!!”
from Tues. nite – Jan 3rd
w/RCookie, Mr White,
Daytrader and Hutch!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

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Loop (Dinar Guru) –   Quote:    “…to facilitate measures to ensure that the ultimate beneficiary if an ordinary citizen or a merchant, and in a transparent manner requires that banks disclose the previous Khovatha and filter regulators Notes to control the dollar was trading movement locally and abroad Ohz would clean reputation Banking Iraqi abroad and the correspondent banks and thereby restore confidence sector Iraqi banking locally and internationally…”  Why would they need to restore confidence in the international banking sector it they had no intentions on their currency being internationally recognized?   [post 2 of 2]
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RCookie (Dinar Guru) –   Article:  “Economist suggests that the economic comprehensive methodology in 2017”  Quote:  “Economic adviser and banker Samir Nasiri suggested the establishment of a Higher Council for the Department of Economic Affairs…”   HERES A BEAUTY!…FROM…NASIRI… CALLING FOR A HIGHER COUNCIL FOR DEPARTMENT OF ECONOMIC AFFAIRS…AND INCREASE IN PER CAPITA INCOME AND PURCHASING POWER FOR CITIZENS… AND WANTS TO…TO TRANSITION FROM A “HYBRID” ECONOMY TO A MARKET ECONOMY…IN ORDER TO ACHIEVE ITS NDP GOALS THROUGH 2030 AS OUTLINED IN THE CONSTITUTION …AND DEVELOPMENT OF INTERNAL AND EXTERNAL TRADE TO BENEFIT ECONOMY…THEN FINISHES BY ADDING THE NEED TO RAISE PER CAPITA INCOME… PURCHASING POWER AND RAISE THE NATIONAL INCOME…(GDP)…WOW!…GREAT STUFF!
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An invitation to support the dinar and the strengthening of its purchasing power

BAGHDAD / Mustafa Hashimi – Strengthening of the local currency is a national task they represent the sovereignty of Iraq and preservation of state stimuli represents a great responsibility lies with the relevant authorities in the light of a series of challenges taking place in the country.

Economic academic Dr. Essam Mahouelle called to be 2017 years to strengthen the dinar ‘s purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict foreign business dealings only in dollars…

Read More: http://www.dinarupdates.com/blog/
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Loop (Dinar Guru) –   Alak has been sending the same message and really has not moved away from it for well over a year now.   He gave the green light to start the project to delete the zeros over the year ago.  Well before that they they pull the 50s off the street. Ask yourself why would a worthless note need to be pulled.  Because of the new 50 that they were planning on release IMO.  THen they were white listed.  There are so many bread crumbs that all point to the same thing.  Here is one of Alak’s more recent quotes:   He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar.  HUGE HUGE HUGE  [and how do they accomplish that?]  THe deletion of those pesky zeors is how.   [post 1 of 2….stay tuned]
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BGG (Dinar Guru) –   [Can Iraq go international with their currency before the UNSC meets and officially releases the final two sanctions?]   the assumption the “Iraq can GO international with their currency” is a flawed viewpoint. They need this international support to do such a thing.  Where would Iraq be if no one is willing to accept whatever change they put forth?   …they will get to do what they get support (and guidance) to do…they succeed thus far – because they are listening and doing.  [Hope the UNSC meets soon to provide the clearance.]  The IMF and WB are much more important – the UNSC will be lucky if they exist in a year or two.
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Central Bank of Iraq supports the currency “delete the zeros” (from) the Dinar

Revealed the Keywords Governor of the Central Bank of Iraq to delete the zeros of the Iraqi currency, he began to develop the first steps of the support of the Iraqi dinar project.

Keywords and said in a statement, said that the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this strategic project will serve the country ‘s economy, as the dinar will be included in the global basket of currencies in the vital exchanges.

He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017. He pointed out that the introduction of the new currency does not mean the destruction of ancient coins, but will continue to trade for about 10 years.

Abmisr.com

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loop (Dinar Guru) –    [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.]   …urgency is not what I am seeing.  Remember that this is a plan and as it is unfolding the pace should pickup pace…its call momentum. Now that they got this ship point downstream things that they put into play 1 or 2 or more years ago will start bear fruit.
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BGG (Dinar Guru) –   [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.]  I don’t know that “urgency” is in their vocabulary – but they are moving forward with “extreme prejudice”.  Much of this progress is highly likely the oversight of the IMF/WB at play – they say – Iraq does, IT WORKS. Good stuff.
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Iraqi Dinar/Dollar auction 01-02-17 (most recent listing)

Currency Auctions Announcement No. 3350

This daily currency auction was held in the Central Bank of Iraq on the 1-2-2017

The results were as follows:

More: http://dinarupdates.com/blog/
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BGG (Dinar Guru) –   [what are you most excited about lately?]  All of it. Hard to pin my interest on any one thing…and maybe that is the exciting part – it isn’t just one thing.  It’s the forward velocity on virtually all fronts.  [top five?]   5) IMHO there is more to this comment by Abadi over Mosul taking 3 more months the other day… I really doubt that proves to be accurate… translation? Political posturing? Some kind of intentinal mislead? IDK – but it does seem at odds with most of his previous commentary.  4) The recovery of stolen monies by the GOI – big news. They are looking to put an end to the culture of corruption.   3) The passage of the J&A Law – HUGE piece…2) General forward velocity of all the Economic and Financial reforms going on right now – they are really building an economy – FAST.  1) Obviously – the statements by the current Gov of the CBI concerning their “beginning of 2017” timeline – HUGE! 
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loop (Dinar Guru) –  Article:  “Integrity court to prevent the theft of hundreds of billions and address the imbalance in the developed banking system”   Quote:  “…the judiciary turned to breaches in the system and the procedures taken against those responsible, whether thieves or corrupt officials.”   SOMEONE GOT CAUGHT WITH THIER HAND IN THE COOKIE JAR. HOW DID THEY CATCH THIS?… WITH THE ELECTRONIC CLEARING SYSTEM THAT WE HAVE BEEN HEARING ABOUT…MORE PROOF OF ACTION ON THE BANKING REFORM FRONT…
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Frank26 (Dinar Guru) – Like a spider leg slowly probing what’s in front of it before taking it to the mouth …The Dow and Oil Prices cautiously approach levels of interest … A Flag by A (Abadi) in the dead Center of Mosul would expedite many things in an LL (long line) very quickly …. IMO…. We will very soon.  …[What are the chances they launch 2017 at the program rate…??? We would all have to go back to the drawing board…..]  NO !!! !!! !!! … We will NOT !!! !!! !!!  The PR (Program Rate) can and more than likely will be in the 2017 Budget.

BGG ~ PR in the budget is highly unlikely.

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Central bank: 2017 will see the issuance of new cash categories

Director General of counting version and inventories at the CBI Ihsan Yasiri delete the zeros of the Iraqi currency and a national project to feminine Iraqi currency, likely work on the project early in 2017.

“The Yasiri that” the central bank began to study the development of new designs for the currency after the removal of zeros it, “noting that” the deleted zeros currency will deliberate for Sntn in the local markets, as the bank continues to center to pull the old category of the currency over ten years. ”

Likely launch a new category of the beginning of the currency in 2017 because there are a number of opponents of the project, “pointing out that” monetary Asaddaramlat category 50, 100 and 200 to ease trading burdens currency after deletion of zeros, as well as the provision of liquidity to the means of transportation of currency. “…

Read More: http://www.dinarupdates.com/blog/
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