Word for the day…

Mrs. BGG

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CURRENCY	CODE	SELL	BUY
US dollar	USD	1184.000	1182.000
Euro	EUR	1229.584	1228.969
British pound	GBP	1455.018	1454.290
Canadian dollar	CAD	881.083	880.643
Swiss franc	CHF	1150.073	1149.498
Swedish krona	SEK	129.489	129.425
Norwegian krone	NOK	136.601	136.532
Danish krone	DKK	165.398	165.315
Japanese yen	JPY	—–	—–
Special Drawing Rights	SDR	1582.534	1581.743

Indicative rates – 02.16.2017

http://www.cbi.iq/

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The difference between death and taxes is death doesn’t get worse every time Congress meets. – Will Rogers

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* Current News *

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BGG (Dinar Guru) – Article: “Rasheed Bank grants loans to citizens of up to 30 million dinars” […any thoughts on Rasheed bank starting car loans and buying Us dollars from citizens!] 1st – why would they loan money in an economy “like this” – up to… 30,000 USD. 2nd – who would want to get rid of their USD?? Seems like a real shift in perception of the IQD value on the street is coming…or at least Rasheed is forecasting one.
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Loop (Dinar Guru) – If they (IMF, WB, UN, UST) pushed them out of the nest, when they were not ready (as some have alluded to) their economy would go splat on the ground like Wylie Coyote. And there is no way they (the world ) want that to happen. Just look at their actions that they have taken to guide Iraq in getting this right.
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A Dinar Round Table Call
“with the whole DU Crew!!”
from Thurs – Feb 16th
Click-N-Listen (link below)!!

Smart phone user link – Click here

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BGG (Dinar Guru) – Iraq NEEDS INTERNATIONAL ACCEPTANCE in the worst way – they don’t “self-determine” that…they have to garner such support. Who cares what you price your “product” (ie; currency) at – if no one will buy it? Saddam found that out the hard way…anyone recall what happened when the CBI went out and tried to peddle their first bond offering last year? WITHOUT INTERNATIONAL ACCEPTANCE? nothing…zip…crickets. why? they hadn’t quite met the mark just yet…and they were a little ahead of the game. Now – even this AM, we’ve got MP’s coming out saying there will be NO SECTARIANISM in Iraq ever again…they may not have it all figured out just yet – but they are getting feel of the song…and these vibes (from the world community) is what I said TO BANK ON… mainly because it’s the trend line I’m seeing in the News – period. No prediction needed. Iraq appears to have a few items to take care of yet… and they look like they are well on their way to giving the world community what they’ve been asked for.
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Kaperoni (Dinar Guru) – Article: “Egypt: Inflation rose nearly 30 percent in January” IMO, Egypt only has tourism… Iraq has wealth way beyond oil, gems, gold, etc. If timed correctly I do not see the dinar going anywhere but up. The dinar is so grossly undervalued, even if they do not have fluid investment coming in, I believe the dinar still will rise substantially.
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Loop (Dinar Guru) – Article quotes: “Business in various countries around the world accomplish depends on the performance level of the institutions involved and the speed of service provided to the citizen and the company and of course here can be measured by the extent of the development of any country the world.” “the size of a large work is almost not available in all countries of the world” THIS IS WHAT IS ATTRACTING SO MANY COUNTRIES. Quote: “to be the basis of national duty starting a new phase reaches us safely economic“ IT IS THE DUTY OF THE GOI TO ENSURE THE IRAQ TRANSITIONS INTO THE NEXT ECONOMIC PHASE SAFELY. WHAT IS THAT PHASE? IMO… JOINING THE WORLD MARKETS.
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A Dinar Info Call
“with BGG an AB NewsFlash”
from Wed – Feb 15th
Click-N-Listen (link below)!!

Smart phone user link – Click here

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Kaperoni (Dinar Guru) – Article: “Egypt: Inflation rose nearly 30 percent in January” Quote: “The floatation was part of a package of reforms introduced to secure an IMF loan of $12 billion to overhaul the economy.” I do expect Iraq to follow suit once ISIL is gone from Iraq. The result will be different of course because Iraq has so much more to offer than Egypt. The key here is the float is part of the IMF reform program.
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BGG (Dinar Guru) – [Can someone explain why this CANNOT revalue at .05? and I mean CANNOT, not why you THINK it won’t. In addition, if it does increase to that number, it’s still considered an RV and increase in purchasing power, much more than they have now. DO they HAVE TO RV? Do they HAVE TO increase to a logial rate?…] 1) It can easily “revalue” to .05 – fact… will it?… 2) It would be considered some kind of “upping” of purchasing power – but won’t change my calculus ONE LITTLE BIT. NOT ONE… 3) Do they have to? Maybe not – but it is clear they WANT TO – IN THE WORST WAY… bad enough the are taking their Q’s from the UN, IMF and WB – BANK ON IT.
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BGG & Loop (Dinar Guru) – [are you upbeat on the GOI and banking progress?] BIG TIME! HUGE PROGRESS… they are (probably) right at the doorstep of what they need done. Once a couple of things are done – they are fiscally ready to pull the trigger. IMHO. [What are those couple of things that need to be done?] We know that stability plays a major piece of this puzzle and form a banking standpoint I believe they are there. I have started coming to the realization that Mosul being ISIS free and a start of the national reconciliation may very well be what the IMF and the world bank are looking for. I am still very very optimistic about where we are. The big picture that their actions are pointing to is the main reason for this.
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Iraqi Dinar/Dollar auction 02-16-17 (most recent listing)

Currency Auctions Announcement No. 3383

This daily currency auction was held in the Central Bank of Iraq on the 02-16-2017

The results were as follows:

DETAILS	NOTES
Number of banks	33
Number of remittance companies	13
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	161,075,941
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	161,075,941
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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BGG (Dinar Guru) – [What’s your thoughts on…Trump, and what he said about the currencies yesterday?] I would take what he’s saying as more of an illustration and not a “literal” statement. However, he seems to be very direct and means to do as he says…him having the “currency parity” stance and seeming to want to enforce that philosophy – IS VERY GOOD FOR US…Especially since Iraq is likely the most undervalued currency on the PLANET.
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Loop (Dinar Guru) – The banking sector is light years ahead of where it was just a year ago. All of their actions point to getting ready to for entry into the world markets. IMO.
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BGG (Dinar Guru) – 2nd part…here’s the real interesting question…WHY ON GOD’S GREEN EARTH does a private company all of the sudden decide they want to start taking in IQD (which is regarded by many in Iraq as WORTHLESS – and hard to deal with)? insisting on…them use IQD to pay for flights. this is what everyone is missing. The freemarket change in perception… ever so slight – but it just happened. …they know what is coming soon…they are looking for appreciation – just like you and I. [post 2 of 2]
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BGG (Dinar Guru) – [Have you got any follow up info on the…FOREX…and…the airlines?] I did some checking – the Forex jive is pure BOGUS… The IQD has been listed on many Forex platforms for a long time…whatever tiny fluctuations you see throughout the day are reflections of tiny moves in the currency they are “pegged to” – or paired with for a quote… NOT any change in status or value of the IQD (YET). [post 1 of 2….stay tuned]
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BGG (Dinar Guru) – […your thoughts on the lack of updates by the cbi?] I’m not sure what to make of that – it is VERY DIFFERENT, NEW and WEIRD. I suspect it has something to do with what we are after – I just don’t know exactly what…plenty of folks saying it’s no big deal. (they would be wrong). The longest stretch I can remember in many years was 3 or 4 days. We are at 37 days and counting. P.S. I cannot recall anywhere the Iraqi constitution requires some rate change within 30 days of such a lack of rate postings (or any other combination of events ending in an RV).

BGG ~ They will do this when they are ready and it is acceptable to the international community. IMHO

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Aggiedad77 (Dinar Guru) – Article quote: “And by a memorandum of understanding, it would have to all states to cooperate with the Iraqi state to recover the money stolen and smuggled, by virtue of the United Nations mandate and its impact on the international level.” This is another HUGE piece of the puzzle…as pieces keep coming together…they keep being so transparent in new ways, showing the world what they are doing and just how serious they are at bringing to justice those who have wronged not only the country of Iraq but the people of Iraq as well…in my thinking this is a big ticket item for them to look outside their own culture for this help…not only are they recognizing they can’t do everything for themselves, they are recognizing the expertise that the world is willing to make available to them to right so many wrongs…new beginnings…an evolution of good things to come…watch for it…all IMO.
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Iraqi Dinar/Dollar auction 02-15-17 (most recent listing)

Currency Auctions Announcement No. 3382

This daily currency auction was held in the Central Bank of Iraq on the 02-15-2017

The results were as follows:

DETAILS	NOTES
Number of banks	34
Number of remittance companies	13
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	162,382,247
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	162,382,247
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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Loop (Dinar Guru) – Article: “Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future Banks” So representatives from US Treasury, New York branch of the Federal Reserve, and the manager for the Bank of York flew all the way to Iraq to pat them on the back and say good job. This in and by itself is great news… However the more that I think about this the more convinced I am that there is more to their visit then what the news is reporting. STILL LOVING THE NEWS.
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tman23 (Dinar Guru) – Article quote: “Iraq on Verge of Bankruptcy: MP…MP Sarhan Slivanayi said if the Iraqi government does not depend on the Central Bank of Iraq (CBI) to withdraw money from, there remains nothing for it to count on. Salaries and the budget depends on the international loans and using up Iraq’s reserved funds.” …BETTER GETTER DONE…OTHERWISE AS I HAVE SAID MANY A TIMES…IRAQ BY DEFINITION IS BANKRUPT…THE TIME TO ASK FOR ANOTHER LIFE SAVER TO BE TOSSED…SO THEY CAN FLOAT ALONG HAS PAST…TALK ABOUT BEING IN A CORNER!…GOOD FOR US!
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BGG (Dinar Guru) – …early 2017 (according to all the real sources) is still a real forecast.
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Loop (Dinar Guru) – Article: “Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future Banks” The Association of Private Banks had a meeting. Look who was there! Look at the focus of the meeting. Current efforts to combat terrorist financing and money laundering as well as continued training of employees in the aforementioned areas and providing the best banking services. John Sullivan, the US Treasury representative currently stationed at the the US Embassy in Baghdad, “expressed appreciation” for their efforts. John Sullivan is the same person who made the statement back in December that Iraq has accomplished more financial sector reforms during 2016 then in the previous 13 years combined. We continue to see outside financial/banking concerns expressing how well Iraq is doing with reforms in this area. They still have lots of work to do, but they continue to take the needed steps to enter the global financial markets again…IMO.
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MadDScout (Dinar Guru) – “A parliamentary committee proposes assigning state – owned companies to guarantee deposits of private banks” This is trying to create FDIC (like) insurance for deposits... I think it would be very important if one wants to regain trust in the banking industry in Iraq…And the advances in the ecommerce are helping also. A report 2 days ago says Iraqi spending is up 70-80%. We have been seeing these steps recently all being put forward…There is much work going on even if the 3 zero project appears on hold… The project only waits on the right conditions…
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Breitling (Dinar Guru) – ….We’ll wake up and just find out. At what rate? At what pace? We don’t know…let’s say it revalues at .05 cents or .10 cents… I’ve been trying to talk people into understanding what could happen and not jumping off a stinking bridge or jumping out of a basement window because it doesn’t come out at a dollar seven the first night. The value will go up. It will progress. The value will keep going up….don’t get stuck on the day it’s going to revalue and what it is. It’s going to take a while to trend…and how the market in Iraq reacts. It’s not a magic wand. It never was and never will be.
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Iraqi Dinar/Dollar auction 02-13-17 (most recent listing)

Currency Auctions Announcement No. 3380

This daily currency auction was held in the Central Bank of Iraq on the 02-13-2017

The results were as follows:

DETAILS	NOTES
Number of banks	35
Number of remittance companies	15
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	161,069,150
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	161,069,150
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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Loop (Dinar Guru) – Article: “A parliamentary committee proposes assigning state – owned companies to guarantee deposits of private banks” Quote: “Parliamentary Finance Committee has proposed converting an Iraqi insurance companies to the guarantor institution to domestic banks in order to restore trust between the citizen and the banks.” This is something right out of the IMF SBA banking reforms. They need to guarantee those deposits and it appears that they have figured out a way to do just that. If the citizens do not trust the banks the economy will struggle. The banks need the liquidity.
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Kaperoni (Dinar Guru) – Article: “Source for “tomorrow Press”: Ministry of Transport decides to adopt Iraqi currency instead of foreign selling tickets” Quote: “The source pointed to “the impossibility of receiving the amount of ticket sales in Iraqi dinars on the basis of the US dollar because of the exchange rate variation in local markets.” A step towards convertibility! “Exchange rate variation” is referring to the spread. Or market price which has come down a bit in recent weeks (from 1300 to now about 1280). They appear apprehensive to sell tickets in dinar until the market price is stable in Iraq. It has nothing to do with the CBI price of the dinar/dollar. But like I said, since they are talking about selling tickets in dinar, it is a good thing and a move towards what we all want which is international convertibility. Keep in mind the airline states that their system is currently selling tickets based on dollars ($). Which makes sense. Allowing some to begin to buy tickets in dinars is a good sign of what is to come.
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Loop (Dinar Guru) – Article: “US Treasury pays tribute to the fight against the central bank for the financing of terrorism and money laundering” The US Treasury is pleased at the speed in which Iraq has gotten the electronic system to monitor the movement of the money in and out of Iraq up and running. This shows just how serious Iraq is about stopping the financing of terrorism and money laundering. Which is a huge part of the IMF SBA. Remember that 83 people just finished a training with KPMG last week and before that there were multiple articles about trainings of how to detect suspicious activity. THIS NEWS IS SO ENCOURAGING. THEY ARE DOING WHAT THEY NEED TO IN ORDER TO ENTER THE FREE MARKET IN SOME FASHION.
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Iraqi Dinar/Dollar auction 02-12-17 (most recent listing)

Currency Auctions Announcement No. 3379

This daily currency auction was held in the Central Bank of Iraq on the 02-12-2017

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$)	167,632,290
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	167,632,290
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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Loop (Dinar Guru) – […according to the SIGR report_”In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013…” – they truely were planning an RV back in 2013!] It means that the US Gov is aware of their plans to increase the value of there currency. This is one of the biggest clues that we are on the right track.
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Enorrste (Dinar Guru) – Article: “Iraq: Calls to raise the value of the dinar” Quote: “Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq” What I found interesting about this article is that the people mentioned as calling for a rise in the value of the dinar are people who are “invested” in the economy, as opposed to legislators or professors, whose opinions run the gamut from positive to negative. These guys seem to have their hands on the controls and are involved in the day-to-day business affairs of their country. Therefore, I see this as a very positive sign that those who will actually benefit from the rise in the value are now calling for the CBI to begin the process.
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Loop (Dinar Guru) – Article: “Financial stresses securing full salaries for 2017” This is right in line with what the IMF SBA agreement wants them to be doing. It is essential that they have a fully actionable budget and here they are saying that they have got the the salaries for 2017 covered. [Does being able to cover help the monetary change?] It just means that they have the salaries factored into the budget and are expressing that they intend to pay them. Which is a big step forward for them…IMO. The monetary change has nothing to do with it. One dinar will always equal one dinar. So if I get paid 50,000 dinars a week, I will still be getting 50,000 dinars a week. What will change is what I can purchase with the money.
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Iraqi Dinar/Dollar auction 02-09-17 (most recent listing)

Currency Auctions Announcement No. 3378

This daily currency auction was held in the Central Bank of Iraq on the 02-09-2017

The results were as follows:

DETAILS	NOTES
Number of banks	33
Number of remittance companies	16
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	168,711,412
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	168,711,412
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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BGG (Dinar Guru) – The dinar was pegged at par with the British Pound until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of 1 dinar = 2.8 dollars. By not following the devaluations of the U.S. currency in 1971 and 1973, the dinar rose to a value of US $3.3778, before a 5 percent devaluation reduced the value of the dinar to US $3.2169, a rate which remained until the Gulf War, although in late 1989, the black market rate was reported at five to six times higher than the official rate.[1] – The Gulf War ended in 1991. So the $3 rate was “live” until sometime in 1991.
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Aggiedad77 (Dinar Guru) – Article quote: “…the National Alliance delegation will visit on the afternoon of the day the headquarters of the Movement for Change, and will hold a meeting with the leaders of the movement.” Now there is some great news if ever there was any…talk of reconciliation...these guys all going to the Kurds…when did you last hear of them doing that…Hakim has been there…I think I read where Masum the Iraqi President has been there…Are these talks with a commonality…that of national reconciliation…meeting with the Barzani family…all these blocs meeting…has to be some significant importance…not just Mosul…but perhaps a binding of relationships…after all wouldn’t that be a key point with any type of reconciliation…
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Loop (Dinar Guru) – Article: “Central banks demanding disclosure of the names of the transferred customers from foreign remittance payments” Quote: “for the purpose of activating the Help the sale and purchase of foreign bank’s currency and sufficient oversight of compliance Massarvkm check the sources money your customers and their uses, it was decided to send a special list of the names transferred customers and end-beneficiaries of the sums foreign remittances that are implemented through the sale and purchase of foreign currency window. ” What I got from the translation is that the CBI is making it mandatory that all banks provide the Company name and the name of the person in change [charge ?] with all foreign currency transactions. This is right in line with what the IMF wants them to do to combat the financing of terrorism. Love the call for transparency. They are working the plan.
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Kaperoni (Dinar Guru) – Article: “Parliamentary Legal planned to introduce a number of important laws to parliament table” Quote: “all of these laws are important, and we will work on in the coming days.” They been saying this for the past two years. I’ll wait until I see them passed before I get excited.
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tman23 (Dinar Guru) – The 120 Meter highway project was added to Erbil’s master plan in 2005. It is the outermost of the ring roads that circle the city with the historic Erbil Citadel at the centre It is 38 km long. Work on the road started in early 2013. The project took 4 years and two months. It was completed three months ahead of schedule…Guess the war on ISIS had no affect on construction of roads and foreign contractors in Kurdistan.
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Kaperoni (Dinar Guru) – Article: “Iraq confirms his efforts to join the World Trade Organization” I have never really cared much about the WTO except for that fact it motivates Iraq to currency reform. Once the CBI reform starts, we all will decide the appropriate time to sell our dinar.
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Iraqi Dinar/Dollar auction 02-07-17 (most recent listing)

Currency Auctions Announcement No. 3376

This daily currency auction was held in the Central Bank of Iraq on the 02-07-2017

The results were as follows:

DETAILS	NOTES
Number of banks	37
Number of remittance companies	16
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	174,634,813
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	174,634,813
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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tman23 (Dinar Guru) – CBI has not doubled their reserves…Quite frankly…They had to borrow/bonds 1 billion from the USA just to keep them from further depleting the reserves…which had citizens in panic that the IQD would devalue more…So the CBI says…everything is good, dinar is strong…NO PROBLEM HERE…The main income for Iraq is oil and that is WAY LESS THAN IN PAST YEARS…IMPOSSIBLE that the CBI could double there reserves…[If that is the case why would the WB name them as the richest country in the world?] “ONE” of the richest countries in the world…Because they have large oil deposits…rich soil for agriculture…and a huge potential for mineral mining… Resources is what the WB was eluding to…because resources are assets…
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firefly (Dinar Guru) – The WB clearly stated that Iraq is one of the richest countries in the world folks! Now why would they say that! Not to mention that Iraq has been Basel 3 compliant for a while now. Why did Iraq double their reserves is what you should be looking at.
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BGG (Dinar Guru) – ...I hope conditions remain on the gain so the CBI and the GOI can get started with the economic and currency reform program in the first part of 2017 (as they have already forecasted). I doubt Trump has much to do with this. In fact, if he will have anything to do with it – he will obviously want Iraq pulling their own weight and at a real currency rate. He has plainly said he is not OK with countries operating at artificially low currency rates. If we haven’t learned anything about Trump – we should have learned that he speaks plainly and pretty much is going to move ahead on the things he has said he would. One of these items is “world currency parity” – he’s harped and harped and HARPED on this. There isn’t a single authority on the subject who doesn’t agree that Iraq’s currency value is vastly undervalued. They want this fixed. So relax. This in on the way…
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Iraqi Dinar/Dollar auction 02-06-17 (most recent listing)

Currency Auctions Announcement No. 3375

This daily currency auction was held in the Central Bank of Iraq on the 02-06-2017

The results were as follows:

DETAILS	NOTES
Number of banks	35
Number of remittance companies	16
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	169,521,332
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	169,521,332
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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WMAwhite (Dinar Guru) – Article: “…the news is wonderful and great , but i really do not see a change in value soon…” If the CBI gave you a forecast of a change in value, would that enable you to see a change in value soon? Because…the CBI has done exactly that.
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Kaperoni (Dinar Guru) – Article: “Iraq and the United Nations sign an agreement to establish a fund to finance the “economic reform” I believe Iraq is coming to a crossroads in a few months. Once Mosul is clear, there are no more excuses to not build a market economy. And under the current circumstances, Iraq has little choice but to pass the laws and open the banking system. The other option is not good since Iraq cannot even make payroll under the currency revenues and oil dependence. They will need to put people back to work to rebuild and develop the economy very soon or this could all start another cycle of violence and instability.
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BGG (Dinar Guru) – Article: “The battle for Mosul: I have never seen such hard fighting like this” Daesh has lost half the city so far. There is no hope they will regain it. The UN came out of a security briefing just yesterday with a time-line in their heads… their comment “Daesh’s days are numbered“…They did not say – directly. I take “numbered” to mean – no so long. …I don’t see Daesh in full retreat (yet) – but there is no doubt they are on the wrong end of things right now.
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Iraqi Dinar/Dollar auction 02-05-17 (most recent listing)

Currency Auctions Announcement No. 3374

This daily currency auction was held in the Central Bank of Iraq on the 02-05-2017

The results were as follows:

DETAILS	NOTES
Number of banks	36
Number of remittance companies	16
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	158,730,805
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	158,730,805
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – Article: “Currency damaged .. share ample haunt the people of Kirkuk and dissipate their salaries” Quote: “…calling on “State-owned banks to address the currency damaged because the majority of the provinces dealt with the damaged currency through government banks…” This is a very important thing. Remember last time they were about to start the program under Shabibi and the currency was also worn out. When they didn’t, they ended up reprinting many of the notes (under Abdel Basset Turki) so the citizens would continue to use and have confidence in the dinar. To me, it looks like we are getting to that point once again. Hopefully, the CBI will begin currency reform this time along with electronic dinar to move the economy forward. Another reprinting is not beneficial.
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BGG (Dinar Guru) – It plainly appears both the CBI and Abadi had imagined there would have been a change already – they said as much. However, whatever the set of circumstances required were not quite in place yet.
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Kaperoni (Dinar Guru) – Article: “Iraq: Calls to raise the value of the dinar” Iraq is in desperate need of rebuilding. From streets, to sewer to buildings, their is little time to waste. Iraqi’s need to go back to work and private sector is the only solution. As [Guru] Mike has pointed out numerous times, the government is already spending more than it makes so they cannot afford more of the population on the state payroll. I am watching Mosul closely, IMO as soon as this is liberation is done, the GOI, CBI must act by activating the market economy. Give it 2-3 more months and we should begin to see some moves.
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A Dinar “News Time” Call
“with the DU FaceBook Crew!!”
from Thurs – Feb 2nd
or Click-N-Listen (link below)!!

Smart phone user link – Click here

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Loop (Dinar Guru) – Article: “Iraq: Calls to raise the value of the dinar” Quote: “Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq».” Very encouraging article, but keep in mind that the the main person quoted in this article, Essam Mahouelle, is an academic and not one of the major players in making these type of changes. I still think it has merit in that there is a growing number of economists who are echoing the same thing. [CBI is who is going to revalue the currency.] They are. Alak has telegraphed that as much as he can… IMO.
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Loop (Dinar Guru) – …when we first heard about KPMG being contracted to provide training last month, one of the main areas of focus was detection of illegal activity… Now they sign a MoU with the UK to help with their measures to combat money laundering and financing of terrorism. Remember that the US Treasury and Federal Reserve are also help in this regard with the World Watch database. This all points to one thing. THEY ARE SERIOUS ABOUT STOPPING THE MONEY LAUNDERING AND TERRORIST FINANCING. REMEMBER THIS IS PART OF THE IMF SBA. MORE PROGRESS.
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firefly (Dinar Guru) – Basnews has removed the exchange rate from their web site…interesting. CBI still hasen’t updated their spreadsheet. So since Dec 31, the 3 boxes has been empty. Sometimes news sources DO jump the gun…IMO of course. I’ve seen it happen with my own eyes. …Basnews is a Kurdistan news outlet which makes it very interesting…at least to me.
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Loop (Dinar Guru) – Their actions over the last 18 months to reform their banking and financial sectors are indicating that they plan on moving to some degree of a market economy. The most encouraging thing about this, IMO, is that the tempo in which they are getting things done is increasing all the time…Which is a big indicator that this move will occur sooner rather than later.
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wmawhite (Dinar Guru) – Article quote: “In 2016, the revenue for Hajj and Umrah was more than $5 million,” Naqshbandi said. “We collected more than $4 million from the people, who need to pay 50 IQD [about $38 USD] to fill in the application form. And we collected about $1 million from Umrah fees. With this, we had more than $5 million in revenue from these two elements, and have provided the revenues to the government.” Does something jump out at you from this piece of an article? to pay 50 IQD [about $38 USD] 38 IQD divided by $50 = $0.76. [I believe it is speaking of a 50,000 note.] you are probably correct…it still amazes me that an error of 50,000 can be made in the writing of this article. This article is Rudaw (out of Kurdistan). Normally very good with their reports and translations…
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Frank26 (Dinar Guru) – BasNews website… it is a legite site. …I’m just curious…how did they get the number 3.64 and 3.84? Well, anybody that might accept that it was a mistake might be gullible…Because you don’t remove a mistake, you correct a mistake…

BGG ~ While I found the BAS News bit somewhat curious, I fully disagree with any veiled implication this is happening right this minute or the number is anything like this range. I find such a line of reasoning not only intended to deceive you but both foolish and irresponsible. Shame.

P.S. They have already told us, in so many words – where they intend to land.

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MyLadies (Dinar Guru) – FOR THOSE OF YOU THAT ARE WONDERING HOW IRAQ WILL PAY FOR THIS OR PAY FOR THAT…THEY WILL PAY IN DOLLARS. THERE IS NO FINANCIAL PRESSURE ON THE CBI TO DO ANYTHING… NOW FOR THE FEBRUARY 4TH DATE OR THE NEW FEBRUARY 5TH DATE OR THE FEBRUARY 15 DATE AS SHOWING THAT THE DINAR WILL INCREASE…IT’S OK TO STOP WAITING NOW BECAUSE THE PRICE DID INCREASE ON THE 26TH. IT WENT FROM 1275 TO 1265. THE DINAR IS JUST FINE AS IT IS AND IRAQ IS SCREAMING THAT FROM THE ROOFTOPS. NOW AS FOR TRADING INTERNATIONALLY THAT IS A REALITY AND PROBABLY SOMETIME IN 2017 BUT FOLKS THEY WILL NOT TRADE WITH A NEW PRICE, THEY WILL SIMPLY REMOVE THE SUBSIDIZED PEG AND TRADE PEGGED TO A BASKET OF CURRENCIES BUT TO DO THAT THEY DO NOT NEED TO CHANGE THE PRICE, NOR CAN THEY AFFORD TO CHANGE THE PRICE ANYTIME SOON.

BGG ~ This is an ignorant bunch of garbage. It appears this poster has foregone any research or reading on the above topic. None of this is even remotely accurate. Pure made-up B.S.

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Adam Montana (Dinar Guru) – The “noise” going on right now, with newly elected President Trump, is almost deafening! I was curious at first about how this would affect us and the Dinar, but as we move into February I’m starting to like how it’s working out. In spite of the overwhelming sound of the Main Stream Media grinding it’s influence over the general public like a chef adding seasoning to a gourmet meal to influence it’s flavor, Iraq and favorable entities to Iraq seem to be ignoring the hypnotic nonsense spewing out of the boob-tubes, and they continue to move in a forward direction and get things done. HCL: We are SO CLOSE to seeing this happen! While this is still in “speculation” mode, many that keep up with the situation (almost as if their finances depend on it…) will happily tell you that our “waiting” is almost over on this matter.
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Frank26 (Dinar Guru) – [DELTA POSTED THAT CBI HAS 30 DAYS THAT THEY HAVE TO POST EXCHANGE RATE ACCORDING TO THEIR CONSTITUTION.] IMO…Go by when they showed YOU…January 4th 2017.

BGG ~ I’m not at all sure the CBI or GOI has said any such thing… no matter who “posted it”… the rates in question are only “daily indicatives”. Interesting – yes. Law?? I doubt it.

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Loop (Dinar Guru) – Article: “BasNews Clarification on Exchange Rate Section 30 January 2017” “ERBIL — BasNews Agency clarifies that the exchange rate occurring on BasNews website may not be accurate for the timbering due to some technical issues on our newly-designed website. This section is under maintenance and the dysfunction will be fixed very soon. The exchange rate in Erbil according to local stock markets on January 30th is:

$100 = 128,000 IQD

€100 = 138,000 IQD

£100 = 160,000 IQD
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Iraqi Dinar/Dollar auction 02-02-17 (most recent listing)

Currency Auctions Announcement No. 3373

This daily currency auction was held in the Central Bank of Iraq on the 02-02-2017

The results were as follows:

DETAILS	NOTES
Number of banks	36
Number of remittance companies	15
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	157,588,076
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	157,588,076
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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tman23 (Dinar Guru) – USA to build 2nd largest embassy in world to be in Kurdistan…The largest in Baghdad…WHY 2 large embassies in one country? …The embassy in Kurdistan…600 million usd… Kurdistan now has over 45 different country consulates…Why?
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Loop (Dinar Guru) – [What do you think about the Iraqi Thinking about not allowing any americans into there country. Because of trumps policy of not allowing people into the US.] They will change the rate when it is in their best interest to do so. No matter what is going on over in the US.
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Kaperoni (Dinar Guru) – Article: “A source reveals for “tomorrow Press” about the size of the cash reserve at the central bank” Quote: “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.” Don’t get overly excited. The end of the war on ISIL (or Dash) is as soon as Mosul is clean. Which is still 30 -90 days in the making. Former glory clearly means a rate at 1 to $1 or higher and is not a reference to Market Rate or the spread...but that does not mean it would happen overnight. In fact, I do expect the float to start this year. And if so, it could reach a rate that would qualify as “former glory” next year or the year after as the dinar appreciates gradually.
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BGG (Dinar Guru) – Article quote: “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.” […does anyone know how long Mosul will be free?] They are working on it now. … IMHO Abadi has been pushing for Mosul to happen sooner. He knows what is at stake.
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A Dinar Round Table Call
“with the whole DU Crew!!”
from Tues – Jan 31st
Click-N-Listen (link below)!!

Smart phone user link – Click here

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wmawhite (Dinar Guru) – Article quote: “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.” It is coming from the CBI. You have heard before about Iraq saying that their currency would be great and powerful. …the CBI is again telling the world that the Iraq Dinar is going to be great, strong and return to its glory days. The CBI owns the IQD…it determines its value.
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tman23 (Dinar Guru) – [Is Basnews a credible and reliable site?] Basnews has been around for YEARS…It is one of the most reliable reporting in Iraq…The server is located in San Francisco…The news editing had been done over the past 2 months out of England…There had been strange events to this during that time… The new website format came up in the middle of the day…Saturday…an observer of the rate would deem it a mistake…BUT…I will say this…That part of the site is not manually entered, it is a direct link to another site that does currency rates…just like the weather on the site, nobody manually enters 9 celcius today and cloudy…
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Kaperoni (Dinar Guru) – Article: “Fatlawi directed questions verbally to the Governor of the Central Bank” Quote: “He noted that the central bank through the Reserve pumped money to prevent the devaluation of the local currency, noting that the reserve consists of state revenues received in dollars of oil by 95% and the remaining local revenues and the Ministry of Finance relies on the Iraqi dinar, stressing that the dollar selling process is very important to maintain the value Iraqi dinar and the balance in the local economy as the work of the dinar to float an incorrect status for Iraq and the fact that the central bank only source to sell the dollar.” Sounds to me he is saying we cannot float the dinar right now and so our only solution is to continue the auctions…which is nothing new to us since we know they have not passed the laws to create a market economy and the spread is over 10%.
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“Shocking excerpts” from News Time last nite… (1/29/17)

BGG: Before we dig into News Time with the guys… I had someone asking earlier about a “chicken or the egg scenario”… I told them they will laugh so hard over this chicken scenario…

The following is true – real – and accurate…

and JUST HAPPENED to me less than an hour ago…

Read More: http://www.dinarupdates.com/blog/
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wmawhite (Dinar Guru) – [What is the feeling in here about the US ban on people coming from Iraq affecting the Dinar?] When Iraq (CBI/GOI) decides to add value to the IQD it will have nothing/absolutely nothing to do with US immigration policy, or the price of pizza in New York, nor whether Maliki is still in the palace. Nothing. Iraq will make the necessary changes when they are ready. My point is this…all of these concerns have zero effect upon this investment…and why? Because this investment is not about a country’s immigration policy. Instead, it is about the value of a country’s currency and whatever we do concerning immigration has no affect upon the wealth of Iraq.
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tman23 (Dinar Guru) – Lets just say this…WE the USA just put a ban on ME travel Visa’s… The POTUS just spoke with 5 world leaders today…AND he had the PM from England Friday… AND WE ARE AT THE END OF JANUARY… SO THINGS ARE MOVING FAST…AND THE GOP NEEDS BIG MONEY TO EXECUTE SOME MAJOR PLANS…SO I WOULD REMAIN GROUNDED BUT A VERY POSITIVE OUTLOOK HEADING OUT OF THIS WEEKEND.
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BGG (Dinar Guru) – [Any idea on Basnews this morning?] They’ve (BASNews) already said – it’s a mistake... [reference Guru tman23 post 1-29-2017 Did you know Basnews (Kurdistan) updated their website today…]
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Loopster ~ I wake up every morning with a smile, because of where we are at with regards to this investment. Do not let yourself get bogged down so easily in the day to day minutia. I encourage you to keep a list of what the major players have said and are continuing to say.

Has Alak retracted his statements regards the lower denoms coming out in early 2017?… NO.

What did the Director of the Middle East Office of the World Bank say last month? …”one of the richest countries in the world on the face of the earth.” and “Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts.”.

What did Dennis Flannery of Citibank in Iraq say one of his missions is? It…”is to reconnect the country to global financial markets from which it has been estranged” ….

Who asked Frank Baker – Great Britain’s Ambassador to arrange an introduction with the Gov of CBI? British Banking Interests!!

What did the IMF just say about Iraq’s progress? “The Iraqi authorities have made good progress on implementing economic reforms under the SBA.”

These are only a few of the news items that all point to some type of major financial event on the horizon. I, for one, am very excited and encouraged by the news coming out of Iraq.

Urgent and defense and interior ministers sworn in!!

Baghdad {: News} Euphrates valley and the new defense secretary Burhan Hayali, Interior Minister Qassim al-Araji, was sworn in after parliament gave confidence to them.

The House voted today to give confidence to Aargi and Hayali with the voice not to consent to grant the office of the Ministry of Commerce to the candidate Inam al-Obeidi, and the granting of candidate Yusuf al-Asadi as Minister of Industry .anthy

Alforatnews.com

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tman23 (Dinar Guru) – Article: “Keywords: central bank contributed to cross the most difficult years in the past two years” Quote: “giving it a function to STABILIZE the exchange rate”…pump money to prevent devaluation…the central bank resorted to the method of supporting the general budget through the purchase of treasury transfers…” THIS SUPPORT LOWERS THE CBI RESERVES…THE ROB PETER TO PAY PAUL ALWAYS HITS A BRICK WALL UNLESS YOU TURN IN A DIFFERENT DIRECTION…THE CBI AND GOI ARE CLOSE TO THE WALL…AND CANNOT AFFORD TO JUST TALK ABOUT A FUTURE MARKET ECONOMY.
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wmawhite (Dinar Guru) – Keep in mind, the change in value of the IQD is just another step of many, many steps with the “project”…the “delete of zero project”…and there will never be an announcement before hand concerning the change in value. However, as…articles point out, the CBI will make projections as to the possible need for a change in the currency, i.e. size of notes. IMO…these projections/forecasts concerning the future need of the 50, 100 and 200 IQD notes tells me that the CBI believes there will be a change within the marketplace that will make those notes useful. And what will change the marketplace? What will change the prices within the marketplace? Answer: a change in the value of the currency that is importing those goods within the marketplace.
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Backdoc (Dinar Guru) – Article: “Federal Reserve Issues Progress Report on Efforts to Improve the U.S. Payment System” Quote: “The Federal Reserve on Thursday released a progress report outlining accomplishments and anticipated steps moving forward related to the ongoing initiatives to enhance the speed, efficiency and security of the U.S. payment system.” THE FEDERAL RESERVE IS TELLING US ABOUT THE STATUS OF THE NEW PAYMENT SYSTEM THAT WILL BE USED IN THE NEW REALITY! WE ALL KNOW THAT BASEL 3 REQUIREMENTS REQUIRE ASSETS TO BACK EVERY COUNTRY’S CURRENCY. WITH THAT IN MIND REALIZE THIS EXPLANATION IS THE PREPARATION FOR THE NEW DIGITAL DOLLAR WHICH IRAQ HAS BEEN SO IMPATIENTLY WAITING FOR! REMEMBER, THEY WANT TO GET RID OF THE OLD DOLLAR COIN! THIS CLEARLY TELLS US THAT THE COMPLETE BUILD OUT FOR THE NEW DIGITAL DOLLAR PLATFORM IS NOW CLEARLY IN PLACE! GREATER SPEED, EFFICIENCY, AND SECURITY IS NOW IN PLACE!
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A source reveals for “tomorrow Press” about the size of the cash reserve at the Central Bank

BAGHDAD / tomorrow Press: A government source revealed on Sunday, for the low monetary reserves of the Central Bank of Iraq to $ 45 billion, as a result of the deterioration of oil prices and the continuation of the “waste” of public money.

The source for “tomorrow’s Press,” that “the government has stopped for the time being its reliance on central bank reserves, and began to take advantage of the state’s resources and borrowing,” noting that “the high price of world oil market also contributed to stop relying on the financial reserve.”

He added that “the central bank’s reserves in 2014 was 87 billion dollars, and as a result of cost to the country because of the war on Daesh and lower oil prices, Iraq relied on this reserve for running the country and the payment of staff salaries and the needs of the market,” pointing out that “waste of money year contributed to the decline in current reserves to 45 billion dollars. ”

He pointed out that “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.”

This was brought into Newstime last night by Mr. White…. GREAT FIND! – LOOP

Read More: http://www.dinarupdates.com/showthread.php?46018-A-source-reveals-for-quot-tomorrow-Press-quot-about-the-size-of-the-cash-reserve-at-the-CBI
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BGG (Dinar Guru) – [You were speculating that the reason why we haven’t seen any updates on the CBI site is due to the economic reforms…?] yes I do think – on some level, that is the explanation. Currency reform – some stage…
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MadDScout (Dinar Guru) – [Any chance of an RV before Feb?] I would say this close to Feb prolly not. But only they know what will put the last peg in the hole. We are watching the result now of actions they are actively taking for the reform process. When Alak said the delete the zeros was on hold he did say all measure would be taken so that at the right time they could move into the program (the parts on hold)…They are not in “wait” mode. Alak is seeking stability.
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Kaperoni (Dinar Guru) – Article: “Jaafari heads the meeting implementation of the strategic framework agreement signed between Iraq and the United States” …old SFA [Strategic Framework Agreement] articles…were clear that freedom of movement of capital was critical to the success of the agreement. Let’s hope this is a good sign of whats to come.
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Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/BGG & Company – Feb 4th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

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Aggiedad77 (Dinar Guru) – Article: “Jaafari heads the meeting implementation of the strategic framework agreement signed between Iraq and the United States” …this article…IMHO…speaks volumes without coming out and saying so much at all…cooperation where there was none…without it saying so to me it talks of a certain trip that was made but was unheard of…now we see files being shared…plans being made…signatures… activation of agreements…mechanisms being implemented…my word…more work has been done of late than in the last…well you figure that out…the BEST is coming.
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Kaperoni (Dinar Guru) – Article: “Secretary General of the Council of Ministers attending the first meeting of the initiative (Take a Baghdad)” This looks like a pretty big deal…The CBI is meeting…”to discuss the projects and the stages of work, and move on to the preparation of drawings and bills of quantities and implementation programs.”
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BGG (Dinar Guru) – CBI still hasn’t updated the indicative rates (since 1/4/17) on the CBI – something is going on. What that change means? Hard to say…but the flip side is – to say it means nothing is a little arrogant. [its never been this long before…] Shoot – never been more than several days.
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THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.

I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – Article: “Parliament calls for financial follow-up funds allocated through auction currency imports” Quote: “Float the currency and pointed to the possibility of the application of the currency was floated , such as what happened in Egypt and leave the supply and demand of the process is controlled by the exchange rate and the possibility that service to the economy of the country…” Sounds like Dr. Magda Tamimi is pushing to get off the peg and float the dinar.
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Islandg1211 (Dinar Guru) – It would appear that Jan 1 wasn’t realistic, three more months is a bit optimistic, and, IMO, six more months looks spot on. For these reasons, I’m expecting an RV mid-summer at the high range of the appraisal, just over the USD… perhaps $1.10-$1.13 would be reasonable. After the Dinar is on Forex, the country itself is using it, and the massive imports needed for re-construction, the demand of the Dinar will increase its exchange rate pushing it back up closer to Kuwait’s in the couple of years following the RV. [post 2 of 2]
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Islandg1211 (Dinar Guru) – Alak and Shabibi both stated that they need security and stability, so that’s the date. It’s very reasonable to assume that the RV needs ISIS gone and a deal with the Kurds, that’s security and stability. Alak is saying exactly that, he is waiting for security from ISIS and also political stability. So, we don’t need to look for the RV before both of those things happen. Both events will be public. We will all see the celebration of the defeat of ISIS, and the Kurds making a deal with Baghdad. [post 1 of 2….stay tuned]
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Exchanging fire across the Tigris as battle for west Mosul looms

By Michael Georgy | MOSUL

An Iraqi soldier stared patiently through a high-powered scope until he spotted a bulldozer across the Tigris River. He alerted his elite unit, which fired a missile with a boom so loud it blew a metal door behind the soldiers off its hinges.

The target, which was being used to dig earth berms to fortify Islamic State positions, exploded into a blaze that sent white smoke into the sky.

Militants could be seen gathering at the bulldozer as it burned. Some arrived on foot, others in a pickup truck or on a motorcycle, seemingly unfazed by the prospect of another rocket landing.

“The terrorist driving that bulldozer is burning. He is cooked,” said Mostafa Majeed, the soldier manning the scope.

In three months of Iraq’s biggest military operation since the fall of Saddam Hussein in 2003, government forces have seized most of east Mosul…

Read More: http://www.dinarupdates.com/blog/
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Adam Montana (Dinar Guru) – [Do you think that there is enough dinar in America pre RV continuing to post RV to make a difference in our economy?] It all comes back to the fact that we are dealing with a fiat currency, where debt and wealth can be created with a click of a mouse. The amount of physical currency, dinar or USD or any other, has no bearing on what can or cannot happen with the exchange rates.
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Adam Montana (Dinar Guru) – …I just shake my head at these…lopsters who ignore the fact that the Dinar is a fiat currency, and the value is not based on M2 or M3 or the GDP or the price of tea in China… it’s based on investors FAITH in the country. It’s based on how people FEEL. The fact that we are talking about a FIAT currency, something that has no intrinsic value, takes all the rest of the cards out of play. The Iraqi Dinar is worth whatever people want it to be worth…and when TPB decide they are going to raise the value, there’s going to be a LOT of support for that move! We are in a great spot right now. Can I get a “GO RV!!
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MadDScout (Dinar Guru) – Article: “Rasheed Bank in line with an international company of the Comprehensive Banking System Requirements” More banking reform being implemented…Laws being applied evenly…Upgrading the technology and moving into “international” requirements…
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A Dinar Round Table Call
“with the whole DU Crew!!”
Tues – Jan 31st – 7:00 pm CST
641-715-3640 pin#528733
or Click-N-Listen (link below)!!

from Jan 23rd – Smart phone user link – Click here

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Loop (Dinar Guru) – Article: “High degree of optimism about Iraq’s credit rating” Quote: “The rating agency Standard & Poor’s, the largest credit rating agencies in the world, has recently proven its credit rating for Iraq at B- / B in spite of the fluctuation of oil prices and a height of caution and gave him a stable outlook.” the (S & P) pointed out that Iraq possesses huge reserves and has substantial oil exports, thereby reducing the concerns in this area. …ASK YOURSELVES THIS…WHAT HAS CHANGED? IF…ALL THIS NEWS DOES NOT MAKE YOUR SMILE THEN YOU NEED TO REREAD THE NEWS FOR THE LAST 4 MONTHS.
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wmawhite (Dinar Guru) – Article: “Iraqi Central Bank, all banks to stop providing drafts bills and import licenses on the sale of currency window, pointing to comply with the electronic system” This is significant. The IMF encourages all central bank to have the exchange/sale of foreign currencies within their country to reside within the banking system. Not at the central bank. This article shows that the CBI is engaged in completing that task. The CBI just put out the instructions a week ago and today it is telling the banks to get with it, follow the instructions.
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wmawhite (Dinar Guru) – […I dont believe that a RV will change the corruption in Iraq.] You are correct…and why is that? Answer: because the IQD will NOT change in value within Iraq. Corrupt people will continue to look for ways to benefit off of other people’s hard work.
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Iraqi Dinar/Dollar auction 01-26-17 (most recent listing)

Currency Auctions Announcement No. 3368

This daily currency auction was held in the Central Bank of Iraq on the 1-26-2017

The results were as follows:

DETAILS	NOTES
Number of banks	35
Number of remittance companies	18
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	174,951,403
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	174,951,403
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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BGG (Dinar Guru) – […any idea why the date on the CBI site has been frozen at “Indicative rates – 04.01.2017“?] I have offered my opinion – it has something to do with the recent changes in how they do things within their banking system (going on right now) – and while odd, may have nothing to do with a change in value. I did not say – “nothing to do with currency reform” – because, if it has anything to do with the recent shake-up in their banking structure – then obviously, it has something to do with “currency reform”.
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jaxjags – To me, the CBI would never make it known that those notes would have a place in the market place unless they believe the “market conditions” will change in the near future. Again, IMO, we are close to seeing an aggressive move on the part of the CBI to let the IQD find its true value...whatever that may be. [post 2 of 2]
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Breitling (Dinar Guru) – …Never has there been 50 Trillion dinar in circulation…this is not an opinion… The market responds to how these people [Sunni, Shia Kurds] treat each other. I understand that. But they are going to add value to their currency anyways. That is one of the tools they want to use to try to bring everyone together…to accomplish that hey have to establish a financial base so people don’t get desperate and make these proxy wars. Hopefully. That’s what they’re thinking. The Sunni and Shia are not in competition where one wants to add value to the currency and the other one doesn’t. Or even the Kurds. They all want value to be added….when it comes to currency and the markets…there is no differences of opinion about that. They just argue about who gets to rule what. Iraq is a fantastic opportunity. That has not changed. Every trend in the market…on how a currency goes up, Iraq is doing it…zero hype.
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Iraqi Dinar/Dollar auction 01-25-17 (most recent listing)

Currency Auctions Announcement No. 3367

This daily currency auction was held in the Central Bank of Iraq on the 1-25-2017

The results were as follows:

DETAILS	NOTES
Number of banks	32
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	169,678,520
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	169,678,520
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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jaxjags – Concerning the appreciation of the IQD, I have no idea exactly how it will appreciate. However, I believe the CBI will be aggressive in its pursuit. The CBI stated in numerous articles starting back in November 2016 that the 50, 100 and 200 IQD notes would appear in early 2017. Of course, that is a forecast of “need” concerning those notes, NOT a forecast of “value” of the currency. [post 1 of 2….stay tuned]
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BGG (Dinar Guru) – [Anyone have any idea why the CBI hasn’t updated their exchange rates on the web site since the 4th? Seems kinda odd.] …no one has any idea. Longest stretch in the last 5 years they have not updated.
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WMAwhite (Dinar Guru) – Article: “Class US site of the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement.” Quote: “According to the order published on [howmuch.net] the US, the GCC currencies were among the strongest Arab currencies, are bottom, including Iraq…” …the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement. Folks,…ask yourself why does this particular short article appear in an on-line business publication that out of all of what is happening in the ME it points out this?
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A Dinar Conference Call
“For Dinar INFO that matters!!”
from Mon – Jan 23rd
w/Loopster, BGG & more!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

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BGG (Dinar Guru) – …When there is a value change – we will know. The value of the Dinar was spoken to directly by the Gov of the CBI several times in the few days. Going down is not what he said. …we are really close… they are handling financial, economic and currency reform items every day. The news about the Commercial Agencies Law being voted on shortly is HUGE. Big companies won’t go to Iraq if they have to hand their business over to an Iraqi. We should be very encouraged. The factual info is plenty encouraging.
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Loop (Dinar Guru) – Article: “International Monetary showing satisfaction of Iraq’s efforts to meet the credit requirements of the program” Quote: “…satisfaction with the efforts made by the Ministry of Finance and the Central Bank of Iraq and other ministries in the area to meet the requirements of the program,” adding “it is going according to timings marked in the program,” according to the statement…it is going according to timings marked in the program…The IMF is satisfied with the progress of the SBA! BOOM.
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Loop (Dinar Guru) – Article: “Finance issued government bonds secured one billion dollars” Quote: “foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries, the issue is guaranteed by the United States government bonds.” The EU BONDS ARE READY (ISSUED) AND THE FORIEGN BANK PRAISED THE INTEREST RATE ACHIEVED! So what’s changed from last year? As evidenced by the shear number of MoUs and other agreements Iraq has made with countless countries. THE WORLD LIKES THE ACTIONS THE IRAQ HAS TAKEN TO CORRECT THEIR ECONOMIC COURSE AND THEY ARE SEEING THE POTENTIAL TO MAKE LOTS AND LOTS OF MONEY. AND THE SPEED AT WHICH THESE BONDS CAME OUT IS AMAZING!
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Iraqi Dinar/Dollar auction 01-24-17 (most recent listing)

Currency Auctions Announcement No. 3366

This daily currency auction was held in the Central Bank of Iraq on the 1-24-2017

The results were as follows:

DETAILS	NOTES
Number of banks	34
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	164,459,579
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	164,459,579
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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Loop (Dinar Guru) – Article “Iraq Stock Exchange recorded an increase the value and number of shares during the past week” Quote: “There is a rise in the number of shares traded last week by (129.85%) compared to per week, which was accepted, while there was a rise in the total value of shares traded last week by (154.78%) compared to per week, which was accepted.” The ISX had a good week last week. Week over Week increase in trade volume by 129.85%…Week over week increase in share value 154.78%. WOW. Wonder what sparked the sudden activity?
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Loop (Dinar Guru) – ‘’Rafidain Bank confirms the grant in the 10 million dinars for employees to Card Holders” Rafidian is working overtime on strategies to get the citizens to start using the banking system and feel safe doing so.
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BGG (Dinar Guru) – Kuwaiti Dinar is still considered a thinly traded “exotic”…Iraq is almost certain to land in this category… no biggie – it’s alot like you’re all sitting on a penny stock about to get listed on the big board – no matter where it goes, it’s gonna’ be good.
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The advance granted to employees who have a smart card receives their monthly salary

Baghdad/SNG – Rafidain Bank, said Saturday that his predecessor granted 10 million dinars for State officials to have smart card activated receives her monthly salary.

The Bank’s information Office said in a statement, a copy of SNG received “a strategic plan on the Bank granted 10 million advance that an employee must have a smart card activated through resettlement of salaries in private savings accounts and activate the electronic tax receipt and pay her monthly salary, in addition to the payment of the insured who has previous advance advances.”…

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

1Bobby ~ These are the cards that will reduce the note count and add liquidity to the banks. Remember the 3 Ministries that agreed to have ALL employees salaries issued thru this card? Also the Rubber Industry agreed to the same with their employees (19,000 or so) This “10 million” advance was aimed at the :shortcomings” of the salaries due to the economic crisis.

Employees that sign up, thru the smart card, will be eligible for these advances. Just inner workings that have been going on for awhile now. They had to get the Ministries approval and get their ducks in a row before proceeding with this program. Bottom line is…..reducing note count, adding liquidity to the banks. Hope all that made sense. I’m sure others can add to it.

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BGG (Dinar Guru) – […do you find it odd we haven’t seen any statements from the World Economic Conference by Iraqi officials?] I do – I find a lot of things VERY strange lately…so much progress – much like the IBAN being accepted and utilized and we heard about it a week later… anyone notice the CBI has updated their Currency Buy/Sell listing on their website since 1/4?? …very odd (to say the least)…we may have to be digging to find the exact time of any value change – we use to say “just check the CBI”. That’s out the window… …it’s gonna’ happen overnite – we will (hopefully) know quickly, but we might have to dig and verify. IMHO. [Is there any chance that we have already had a value change, but has not been posted on the CBI?] anything is possible – but we have such broad contacts, I just doubt it has. [If we dont look at the CBI for the rate change, where will we find that information?] We’re gonna’ be looking at everything in context… probably some kind of “inter-bank memo” since they in the process of “re-engaging” right now. [can they have a rate and not showing it? How are they doing business other wise?] …the “not showing” part is not a long term thing – we’ll know pretty soon. No matter what.
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Breitling (Dinar Guru) – …It’s not what they’re saying it’s what they’re doing is what you need to understand the most…the CBI said they’re going to raise the value of their currency. The Ministry of Planning, parliament say the value is going to go up. I don’t need them to say anything if I’m watching their maneuvering and I understand how they’re going to compete. Then I understand how they’re going to add value to their currency. I really don’t have to hear anybody “say” anything. I just watch what they do. It’s not what they say it’s what they do that’s most important and the CBI is maneuvering in our favor if you’re investing in Iraq. So don’t get too crazy on what everybody says…just watch what the CBI does. Watch what the ministry of Planning is doing and how they’re doing it.
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Loopster (Dinar Guru) – [Just curious if there is a purpose for why the CBI would put the banks through the process of selling the dollar on a large scale rather than change the value of the dinar first and negate the need for selling the dollar…any thoughts on that?] As Alak has said the selling of the dollars will continue at present. It is the way that their economy is functioning and to just stop it would collapse the economy. When the time is right to stop selling the dollars they will do so. It is a process and as anyone who is looking can see they implementing new measures everyday to to give themselves the greatest chance of success when they decide to do away with the imposed rate.
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Iraqi Dinar/Dollar auction 01-23-17 (most recent listing)

Currency Auctions Announcement No. 3365

This daily currency auction was held in the Central Bank of Iraq on the 1-23-2017

The results were as follows:

DETAILS	NOTES
Number of banks	31
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	155,429,453
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	155,429,453
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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Adam Montana (Dinar Guru) – …I’m very upbeat about the Dinar right now. More so than I have been in quite some time! We have Budget activity that is more timely than at any point in recent history. We have major talks of buttoning up major aspects of the Infrastructure, which is key to this all coming together. We have open spots in Parliament that are slated for completion as soon as next week. And for the biggest, perhaps most exciting “clue” of the decade… Article: “Oil announces the completion of a draft oil and gas law and send it to the Secretariat of the Council of Ministers” We’ve got a few days or weeks, but things are MOVING in the right direction! This is a PERFECT time to make sure you’ve got your ducks in a row…and maybe even a “prep list” of things to be sure you have and ready to pack at a moment’s notice! We are at a point where I feel a sense of urgency to get every last detail checked and fine tuned…BOY am I getting just a tad excited!
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Breitling (Dinar Guru) – …With the Iraqi dinar I stand by the numbers. The numbers say they’ve reduced the note count. They said they are going to add value to their currency. They have all the opportunity in the world to add value to their currency. They are not a 3rd world country like people think they are. They were in trouble and are in trouble and in financial chaos because of geopolitics. Can they get out of it? Sure. I personally think they can. I think they will. Can they get their currency back to the original value before Saddam Hussein started screwing with it? I think they can. That’s why I invested in it. That’s why I speculated and say I think they can do it and gamble on this. [Post 2 of 2]
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Breitling (Dinar Guru) – The currency reset? what the hell is that? It doesn’t even exist and people are buying dinar because of it? If you’re going to get into an investment get in for the right reasons. With that said…I back every single thing I say, every number that I watch…It comes from the CBI, the Ministry of Planning, the Ministry of Finance and Parliament. You can’t get around it. They are the ones who are saying they are going to add value to the currency…not me. I’m just following it. It’s not like one day I just woke up and said I should go out and buy dinar…Iraq has the ability to add value to their currency and they have the ability to do exactly what they said they are going to do…get their currency to a buck. [Post 1 of 2]
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The following .PDF was a review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

SBA 2016 RECAP

Robert Cook CSW CSS CBP CST CTC

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Loopster (Dinar Guru) – Article: “The central bank issued new instructions to regulate the process of selling the dollar” Quote: “…the instruction stresses the need to achieve the main objective of the Central Bank, a knowledge of the ultimate beneficiary and the preservation of hard currency for Iraq through the optimal use in order to serve the national economy and sustainable development…” “a knowledge of the ultimate beneficiary” The IBANs make this very easy to track. The actions that are happening in the bank sector right now are a huge indicator of where Iraq is headed and that should make everyone in this room very very excited.
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tman23 (Dinar Guru) – Article: “Central bank: deletion of zeros from the currency deferred for the time being” Deferred for the time being…When I read this… my first thought was… THEY ARE READY TO GO… To say deferred for the time being is NOT “Iraqi LINGO”….If he had a teleprompter I would say the UST was on the other end typing…I expect to see BIG NEWS at anytime and not thinking in terms of weeks.
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Loopster (Dinar Guru) – [did the budget ever get in the gazette yet?] Yes. The Budget was published in the Gazette on Sunday.
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Hutch (Dinar Guru) – …we do have an idea of what is happening…if you look at their 5 yr plan that has been set out by Shabibi, Saleh and Abadi… they are sticking to it. And it is playing out. The LOI’s, MOU’s have it all set out as to what their goals are and how to achieve them. And its working.
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Iraqi Dinar/Dollar auction 01-19-17 (most recent listing)

Currency Auctions Announcement No. 3363

This daily currency auction was held in the Central Bank of Iraq on the 1-19-2017

The results were as follows:

DETAILS	NOTES
Number of banks	33
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	160,461,658
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	160,461,658
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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Mike (Dinar Guru) – Article: “Iraq opens the door to possibilities deletion of zeros from the local currency” Quote: “…the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar,” noting that “subject to availability of appropriate conditions, including the general stability in the country.” …the CBI is working towards adding value to the dinar…the CBI didn’t specify a date, they’re still waiting on appropriate conditions and they want to make sure all their T’s are crossed and their I’s are dotted before they start. I think it’s pretty safe to say…that Iraq needs to do some things before the dinar will gain in value: 1) Get the MCP below 2% 2) Remove Exchange Restrictions 3) Pass the long overdue legislation related to the the banking and economy verticals. 4) Create the open market that’s necessary to increase demand.
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WMAwhite (Dinar Guru) – […wouldn’t reducing the note count to the point of a liquidity crisis force a rise in the value based on supply and demand once the Dinar is free to go up in value?] The note count has an effect in country, but only the CBI sets the value outside the country.
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Mike (Dinar Guru) – Article: “Iraqi dinar is not in danger and delete the zeros Postponed” Quote: “revealing that the deletion of zeros from the currency, deferred for the time being.” The loose translation for defer is “to put off (an action or event) to a later time; postpone.” And then he states: “the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar,” noting that “subject to availability of appropriate conditions, including the general stability in the country.” He’s telling us they don’t have a date, they’re just waiting for the right conditions to move forward. In order for a currency to have value it needs several things like political stability, free from conflict and a economy that produces and exports products to create demand for the currency…once they raise the value the prices will change, 10,000 dinars today will buy you five packs of smokes, 10,000 dinars after it rises to 1-1 will buy you a Toyota pickup.
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DU Call – “Homage to RCookie!!”
from Tues – Jan 17th
w/Hutch, Mr White, BGG & more!!
Click-N-Listen (link below)!!

Smart phone user link – Click here

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WMAwhite (Dinar Guru) – A change in the prices of goods; the prices are what determine the size of the notes. Lower the prices, remove the large notes. What will change the prices of the goods/ marketplace? A dramatic increase in the value of the currency that is importing the goods. General stability, security = FINANCIAL security, financial stability, not military security. Alak is a bank manger, not a military… Alak is saying today the market conditions are not correct for removing the large notes…and he does not have a date for that…he will not have an idea when until he raises the value and we know he is preparing to do that. Two different things…One is removing them physically to lower the note count….the second is removing them naturally because the prices have lowered due to a value change. The prices in the market place need to lower in order for the citizens to use smaller notes, thus no need for the larger notes. [post 2 of 2]
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WMAwhite (Dinar Guru) – Article: “The Central Bank Governor for “tomorrow”: Iraqi dinar is not in danger and delete deferred zeros” Folks…each of us need to pay attention to exactly what is said. Alak was referring to the large notes, the removal of the large notes from the currency. That is NOT the same as increasing the value of the currency. They are two very different events. …this is pertaining to the removal of the three zero notes from the marketplace/from the currency; “the Iraqi Central Bank did not specify a date for the “…deletion of zeros from the currency dinar,” This Statement is not about the change in the value of currency. He is saying that the prices in the marketplace are not appropriate yet in order to remove the currency. So, what will change the marketplace? [post 1 of 2….stay tuned]
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BGG (Dinar Guru) – Article: “Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed” [AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO!…does this mean Mosul?] probably – (my take)…it really looks like control of Mosul (and liberation) seems to be some kind of criteria (set for them by someone else). however, there are numerous references to this happening soon. ...in my book – that doesn’t negate any of the earlier CBI comments about the beginning of 2017 – sounds a bit like they may have had it planned for sometime before now and some calculus has put things off a bit…like Mosul? …AND Alak makes no mention of “how long” it is “postponed” (or what their original intended start date might have been)… a day – a week – a month?? He’s talking to a reporter. Could mean anything.
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Iraqi Dinar/Dollar auction 01-18-17 (most recent listing)

Currency Auctions Announcement No. 3362

This daily currency auction was held in the Central Bank of Iraq on the 1-18-2017

The results were as follows:

DETAILS	NOTES
Number of banks	35
Number of remittance companies	17
Auction price selling dinar / US$	1182
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	157,515,015
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	157,515,015
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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RCookie (Dinar Guru) – [Any comments on this article? “Governor of the Central Bank of Iraq on the Keywords Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed“] THIS ARTICLE IS AN AFFIRMATION OF EVERY STATEMENT MADE IN PAST CONCERNING IQD MARKET STABILITY AND DISPUTE OF DEGRADATION…REASSERTS THE FISCAL OPERATIONAL DISCIPLINES APPLIED BY THE CBI…AND ALSO RESTATES THERE IS NO DATE SET FOR THE DELETE ZEROES PROJECT (WHICH THEY WILL NEVER ANNOUNCE)…AND AWAITS THE APPROPRIATE MARKET CONDITIONS AND GENERAL STABILITY OF THE COUNTRY…ALL IN THE INTEREST AND SCOPE OF ASSURING THE SUCCESS OF THE PROGRAM…THEY HAVE THOROUGHLY PLANNED THIS PROGRAM OUT IN ALL OF ITS COMPLEX STAGES AND ACTIONS…AND ARE AWARE…CONFIDENT AND IN PURSUIT OF ATTAINING THE ACCEPTABLE WINDOW OF METRICS TO LAUNCH…SO (as) TO ALLOW FOR MAXIMUM SUCCESS…NOT LEAVING ANYTHING TO CHANCE…
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Loopster (Dinar Guru) – IF YOU LOOK AT THE ACTUAL QUOTE FROM ALAK HE DOES NOT USE THE WORD POSTPONED (THE REPORTER’S INTRO DOES), WHICH WOULD INFER THAT A DATE HAD ALREADY BEEN SET AND KNOWN… TO MY KNOWLEDGE AN ACTUAL DATE HAS NEVER BEEN ANNOUNCED TO THE PUBLIC… I THINK WE WOULD ALL BE VERY AWARE OF IT IF ONE HAD BEEN MENTIONED… THE CLOSEST THING TO A DATE THAT ALAK HAS SAID WAS THAT IT WOULD START EARLY 2017… [post 2 of 2]
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Loopster (Dinar Guru) – Article: “Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed” SO A REPORTER FROM TOMORROW PRESS ASKS ALAK IF THE DINAR IS IN DANGER AGAINST OTHER CURRENCIES AND HE SAID NOT AT ALL WE ARE CONSTANTLY MONITORING IT, HAVE PROCESSES IN PLACE AND HAVE EVERYTHING UNDER CONTROL. THEN THE REPORTER ASKS HIM WHEN THE DELETION OF THE ZEROS PROJECT WILL START AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO! NO EARTH SHATTERING INFORMATION HERE. IT IS A PROCESS THAT WILL ONLY BE IMPLEMENTED WHEN ALL OF THE METRICS THEY ARE LOOKING FOR ARE MET. THIS WILL GIVE THEM THE GREATEST POSSIBILITY OF SUCCESS. [post 1 of 2….stay tuned]
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Follow us on twitter @DinarUpdates !!

Dinar Updates – “NEWS TIME” w/BGG & Company – Jan 19th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

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TMan23 (Dinar Guru) – Deferred for the time being…… When I read this…… my first thought was…… THEY ARE READY TO GO….. To say deferred for the time being is NOT “Iraqi LINGO”……. If he had a teleprompter I would say the UST was on the other end typing…….. I expect to see BIG NEWS at anytime and not thinking in terms of weeks…..
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Islandg1211 (Dinar Guru) – The good news is that the CBI continues to move forward. Last week, Iraq’s banks got their IBAN international bank transfer number codes. That’s great news and really shows that Iraq certainly does plan to get the Dinar international again and off the UN sanction rate. Reports of more US banks buying and selling Dinar is also good news, testing the system, adding the Dinar, and making it internationally acceptable. Neither the IBAN codes nor the sale by banks of the Dinar make practical sense without the RV.
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BGG (Dinar Guru) – I really wish people would quit imagining the worst… nothing in here [The Alak interview] dissuades me of their ultimate intent… in fact, if you look at this, it really looks like they had imagined this to be DONE ALREADY. We are IN THE END GAME. This “deferred for the time being…” lingo is very gentle and a VERY NEW version of what they have been saying. They had POSTPONED indefinitely this project back in late 2012 (or so)… how is that different from right now??

Ultimately – this is a much different, in a MUCH DIFFERENT CLIMATE – so, while the BOO BIRDS will say “same ole – same ole” – it’s NOT EVEN CLOSE. VASTLY DIFFERENT.
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I can honestly say, the last few days… especially since this Alak interview supposedly delaying the RV, is the DUMBEST STRETCH OF GURU COMMENTARY in recent memory. These characters doing all the talking are damaging the collective IQ of the rest of us!! Sheesh!!

Quit listening to IDIOTS and just read what Iraq is saying… for what it is. We will help by bringing this info and adding some thoughts as we are able.

Thanks

BGG

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My Ladies (Dinar Guru) – …WHAT IS IBAN? IBAN IS AN INTERNATIONAL BANK ACCOUNT NUMBER. THAT IS ALL IT IS AND NOT EVERY COUNTRY THAT DOES BUSINESS INTERNATIONALLY IS REQUIRED TO HAVE ONE. FOR INSTANCE THE USA DOES NOT REQUIRE ONE BUT SOME COUNTRIES DO IN ADDITION TO A SWIFT OR BIC NUMBER. NOW YOU CAN ADD IRAQ TO THIS LIST, BUT STILL THIS HAS ABSOLUTELY NOTHING TO DO WITH CURRENCY…MONEY WILL NOT BE FLOWING INTO IRAQ ON THE IBAN. IT IS NOT “THE” IBAN AND IT IS NOT A MEANS OF CARRYING MONEY, IT IS SIMPLY JUST ANOTHER ACCOUNTING SYSTEM AND IT IS NOT A PRECURSOR TO ANY SO CALLED “RV”…

BGG ~ This person is downing this investment and busy “cashing in” on what little fame they have garnered HYPING some RIDICULOUS “digital crypto-currency”… NASTY.

P.S. Thanks for the juvenile lesson on IBAN except the US doesn’t use one because it’s primarily a European/M.E. thing… we use SWIFT Codes and ABA/Chips routing numbers to send and track money. Most of the rest of the world is happy to accommodate us (we are the U.S. – right?). Though it doesn’t directly imply a change in the value of their currency – IT DOES IMPLY A “re-engagement” with the economies nearest them and then the rest of the world. This is all part of the program we are looking for… BOOM!!

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Kaperoni (Dinar Guru) – That being said, I think the IMF stated just a week or so ago that the CBI only completed 3 of 9 benchmarks during 2016 as required as part of the SBA. So like usual, the CBI is behind schedule again. The good news is they are making progress, and they are implementing the requirements. I would expect that we are at least 3-6 months behind schedule at this point, but the CBI is not going to announce when they are going to get off the peg and float. And knowledge of moving from Article XIV to VIII will not be announced in advanced. We need to just watch the progress, let this come to us. It will happen..because there can be no market economy without it. [post 2 of 2]
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Kaperoni (Dinar Guru) – Article: “Iraqi dinar is not in danger and delete the zeros Postponed” Quote: “the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar,” noting that “subject to availability of appropriate conditions, including the general stability in the country.” He stressed the central bank governor and the agency, the need to “ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion.” I don’t see anything bad in this at all. …the CBI must create the conditions for the project to succeed. Time is not unlimited here…they need to get started before the market economy can launch. [post 1 of 2….stay tuned]

BGG ~ Tick-Tock-Tick-Tock…

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

Central bank: 2017 will see the issuance of a new monetary 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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DINAR OBSERVER DAILY Feb. 16th

Word for the day…

Mrs. BGG

Indicative rates – 02.16.2017 http://www.cbi.iq/

The difference between death and taxes is death doesn’t get worse every time Congress meets. – Will Rogers

*** Current News ***

A Dinar Round Table Call “with the whole DU Crew!!” from Thurs – Feb 16th Click-N-Listen (link below)!!

Smart phone user link – Click here

A Dinar Info Call “with BGG an AB NewsFlash” from Wed – Feb 15th Click-N-Listen (link below)!!

Smart phone user link – Click here

Iraqi Dinar/Dollar auction 02-16-17 (most recent listing)

BGG ~ They will do this when they are ready and it is acceptable to the international community. IMHO

Iraqi Dinar/Dollar auction 02-15-17 (most recent listing)

Iraqi Dinar/Dollar auction 02-13-17 (most recent listing)

Iraqi Dinar/Dollar auction 02-12-17 (most recent listing)

Iraqi Dinar/Dollar auction 02-09-17 (most recent listing)

Iraqi Dinar/Dollar auction 02-07-17 (most recent listing)

Iraqi Dinar/Dollar auction 02-06-17 (most recent listing)

Iraqi Dinar/Dollar auction 02-05-17 (most recent listing)

A Dinar “News Time” Call “with the DU FaceBook Crew!!” from Thurs – Feb 2nd or Click-N-Listen (link below)!!

Smart phone user link – Click here

BGG ~ While I found the BAS News bit somewhat curious, I fully disagree with any veiled implication this is happening right this minute or the number is anything like this range. I find such a line of reasoning not only intended to deceive you but both foolish and irresponsible. Shame.

P.S. They have already told us, in so many words – where they intend to land.

BGG ~ This is an ignorant bunch of garbage. It appears this poster has foregone any research or reading on the above topic. None of this is even remotely accurate. Pure made-up B.S.

BGG ~ I’m not at all sure the CBI or GOI has said any such thing… no matter who “posted it”… the rates in question are only “daily indicatives”. Interesting – yes. Law?? I doubt it.

Iraqi Dinar/Dollar auction 02-02-17 (most recent listing)

A Dinar Round Table Call “with the whole DU Crew!!” from Tues – Jan 31st Click-N-Listen (link below)!!

Smart phone user link – Click here

“Shocking excerpts” from News Time last nite… (1/29/17)

Loopster ~ I wake up every morning with a smile, because of where we are at with regards to this investment. Do not let yourself get bogged down so easily in the day to day minutia. I encourage you to keep a list of what the major players have said and are continuing to say.

Has Alak retracted his statements regards the lower denoms coming out in early 2017?… NO.

What did the Director of the Middle East Office of the World Bank say last month? …”one of the richest countries in the world on the face of the earth.” and “Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts.”.

What did Dennis Flannery of Citibank in Iraq say one of his missions is? It…”is to reconnect the country to global financial markets from which it has been estranged” ….

Who asked Frank Baker – Great Britain’s Ambassador to arrange an introduction with the Gov of CBI? British Banking Interests!!

What did the IMF just say about Iraq’s progress? “The Iraqi authorities have made good progress on implementing economic reforms under the SBA.”

These are only a few of the news items that all point to some type of major financial event on the horizon. I, for one, am very excited and encouraged by the news coming out of Iraq.

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

Urgent and defense and interior ministers sworn in!!

Alforatnews.com

A source reveals for “tomorrow Press” about the size of the cash reserve at the Central Bank

This was brought into Newstime last night by Mr. White…. GREAT FIND! – LOOP

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Dinar Updates – “NEWS TIME” w/BGG & Company – Feb 4th 6:30pm CST – In the Dinar Updates CHAT Room!!

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THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

Exchanging fire across the Tigris as battle for west Mosul looms

A Dinar Round Table Call “with the whole DU Crew!!” Tues – Jan 31st – 7:00 pm CST 641-715-3640 pin#528733 or Click-N-Listen (link below)!!

from Jan 23rd – Smart phone user link – Click here

Iraqi Dinar/Dollar auction 01-26-17 (most recent listing)

Iraqi Dinar/Dollar auction 01-25-17 (most recent listing)

A Dinar Conference Call “For Dinar INFO that matters!!” from Mon – Jan 23rd w/Loopster, BGG & more!! Click-N-Listen (link below)!!

Smart phone user link – Click here

Iraqi Dinar/Dollar auction 01-24-17 (most recent listing)

The advance granted to employees who have a smart card receives their monthly salary

Iraqi Dinar/Dollar auction 01-23-17 (most recent listing)

The following .PDF was a review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG

Robert Cook CSW CSS CBP CST CTC

Iraqi Dinar/Dollar auction 01-19-17 (most recent listing)

DU Call – “Homage to RCookie!!” from Tues – Jan 17th w/Hutch, Mr White, BGG & more!! Click-N-Listen (link below)!!

Smart phone user link – Click here

Iraqi Dinar/Dollar auction 01-18-17 (most recent listing)

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Dinar Updates – “NEWS TIME” w/BGG & Company – Jan 19th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

I can honestly say, the last few days… especially since this Alak interview supposedly delaying the RV, is the DUMBEST STRETCH OF GURU COMMENTARY in recent memory. These characters doing all the talking are damaging the collective IQ of the rest of us!! Sheesh!!

Quit listening to IDIOTS and just read what Iraq is saying… for what it is. We will help by bringing this info and adding some thoughts as we are able.

Thanks

BGG

BGG ~ This person is downing this investment and busy “cashing in” on what little fame they have garnered HYPING some RIDICULOUS “digital crypto-currency”… NASTY.

BGG ~ Tick-Tock-Tick-Tock…

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

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

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Indicative rates – 02.16.2017

http://www.cbi.iq/

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A Dinar Round Table Call
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