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 – 02.03.2017
http://www.cbi.iq/
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First ask yourself: What is the worst that can happen? Then prepare to accept it. Then proceed to improve on the worst. – Dale Carnegie
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*** Current News ***
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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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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) – 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.
Read More: http://www.dinarupdates.com/blog/
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wmawhite (Dinar Guru) – [Letter from BasNews Agency:] Dear White, I would like to firstly thank you for following BasNews. As you may have notices, Our new Website was launched on 27th January and the section showing currency exchange rates into IQD may sometimes fail to function accurately. We are working and will fix it very soon. Here I send you the exchange rate in Erbil according to the local stock markets this evening: $1 = 1284 Iraqi Dinar €1 = 1360 Iraqi Dinar… Regards, Sardar Sattar…BasNews Agency. [reference Guru tman23 post 1-29-2017 Did you know Basnews (Kurdistan) updated their website today…]
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wmawhite (Dinar Guru) – [when kuwait revalued back in the day, it came in at I think $6.] Kuwait never revalued back in the day…let me give you the true story. …keep in mind that Iraq invaded Kuwait in August 1990. The Kuwaiti currency at that time was the Kuwaiti Dinar. The Kuwaiti currency was replaced with the Iraqi Dinar by Saddam Hussein. Seven (7) months later, February 28, 1991, the Iraqi forces are kicked out of Kuwait and the war has ended. Only twenty six (26) days later, March 24, 1991, the Kuwaiti banks reopen with a NEW currency valued at 1 KWD = $3.50…the key here is twenty six (26) days. If any Kuwaitis still held the old Kuwaiti Dinar it would be accepted at one new KWD for one old KWD rate. 26 days after the end of fight…no $6.00 or $9.00. Just reinstated their old value. And by the way…the oil fields were still burning, kuwait had no economy…no free market economy, but they sure enough did what they wanted to do…article 8 or no article 8!
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tman23 (Dinar Guru) – Did you know Basnews (Kurdistan) updated their website today…A new look! Did you know the server for them is in San Francisco… Basnews is 99.9% accurate…most reliable reporting in Iraq and Kurdistan… Did you know Basnews shows the currency exchange in the right hand corner… […are those rates in the top corner for the iqd?] Have no idea other than it posting Dollar 3.648…And they just put that up early today…New page. In the past page it was $1 usd to 00086… It is strange that the amount posted is darn close to what we had been hearing…which was 3.72 chatter in Kurdistan. ...we can come to all kinds of conclusions… Best one is to wait and see…
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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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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
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!!
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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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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
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. “…
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IBBC 
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