Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 07-28-16

Currency Auctions Announcement No. 3247

This daily currency auction was held in the Central Bank of Iraq on the 07-28-2016

The results were as follows:

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

When a great truth once gets abroad in the world, no power on earth can imprison it, or prescribe its limits, or suppress it. – F. Douglass

______________________________________________________________

*** Current News ***

______________________________________________________________

Breitling (Dinar Guru) –   …if you look back on the information we’ve had, the most that Iraq has had, the note count was around 9 billion notes.  that was the most they ever had.  And that 9 billion represented 30 Trillion in dinar.  One denomination is worth 25K dinar, 10K etc. but it only added up to 30 Trillion and they’ve reduced it since then.  It’s a major mistake people make when they read the M1, M2, M3 any of these reports from any country it’s basically how much cash do you have in your pocket.  How much do you have in your bank account.  How much do you have in assets.  And then they combine them together.  [Post 2 of 2]
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BGG (Dinar Guru) –   they may well have a spot for Iraq “at the EU table”.  [are you saying they could somehow be a part of the EU?]  Looks like the EU is trying… could be a BOON to them… in the long run.  […if they do then would it be Euros instead of Dinar?]  …It’ll be Dinars… the sovereign currency of the land.  [And why if everyone else is having so much trouble with the Euro’s would it be good for them?]  because – literally… Iraq is at the bottom of the barrel… they are GROSSLY undervalued…they need a seat at the table – anywhere in the world.   the EU would not be bad…and it is – kind of a natural fit… they are close…they could trade with them easily…lots of advantages.  […that would certainly be an interesting dynamic with the an arab nation sitting at the table with all of the euros!]  I bet they are BEGGING for a moderate Arab nation – with some real wealth potential… at the table.
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Frank26 (Dinar Guru) –    Last week they…announced they were going to launch the income tax to the citizens of Iraq…the Finance Minister said…wink… wink…we are going to have to start charging you guys income tax...I think his winks meant the citizens are about to get some money…so they can handle this tax…these are wonderful indicators…
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Sunday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

Delta (Dinar Guru) –   URGENT FROM IRAQI TV:  MINISTRY OF YOUTH CALLING ATHLETES TO RECEIVE A MASTER CARD ON 08/02.  Quote:  “Tuesday approved the second of next August, to receive a MasterCard card.”    IT’S VERY INTERESTING, I REMEMBER A WHILE BACK A GM AT RAFIDAIN BANK STATING THAT  “THEY CAN’T  ACTIVATE MASTER CARD UNTIL CBI LIFT THE ZEROS.”
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tlm724 (Dinar Guru) –   Article quote:  “…the governor of Basra Majed Nasraoui said the port of Faw will give 10 times as much as give it the rest of the Iraqi ports.”   It is intended that Basra would be Economic Capital of Iraq and it certainly appears they are achieving just that…
______________________________________________________________

rcookie (Dinar Guru) –   Article:  “BASRA GOVERNOR NASRAOUI ASSERTS PORT OF FAW WILL YIELD 10 TIMES VOLUME OF EXISTING 5 PORTS AND A 3RD PORT TO SERVICE WITH SAUDI ARABIA TO OPEN SOON...”  10 TIMES VOLUME OF EXISTING PORTS…WHICH ARE THEMSELVES BREAKING AND SETTING NEW RECORDS EVERY MONTH…AND REMEMBER THIS PROJECT WILL CREATE MORE NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR AS WELL AS PROVIDE MORE JOBS THAN ENTIRE OIL SECTOR…
______________________________________________________________

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
7/29 “Tell all – After Call” – w/BGG

Smart phone user link – Click here

______________________________________________________________

ADMINBILL (Dinar Guru) –   …THERE HAS BEEN NO CHANGE IN MY OPINION SINCE LATE LAST NIGHT.  [Could the markets close in a memorable way today?]   I AM LOOKING FOR A “I DON’T CARE WHAT DAY OR TIME OF DAY” END OF EVENT.
______________________________________________________________

tlm724 (Dinar Guru) – BondLady has always said 1. The Kurds need Baghdad more than Baghdad needs the Kurds and 2. that the Kurds fudged their population numbers to get more money from the budget and without an accurate census who could dispute what they said?  But the good news is that on Saturday July 30th parliament has the census law on the agenda:  “Thirteenth: report and discuss the draft census law. (Committee on Economy and Investment). (23 articles).”  We don’t expect a swift resolution to Article 140 and the disputed areas or the borders, the Constitution has to be amended and they must reach an agreement, a mutual consent among everyone.  There is a reading of the borders law in parliament on the 30th as well:  “Second: the vote on the draft of border crossings into law.”
______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Salem: Abadi and blocs failed to reach a final conclusion on the bench names of ministers”   THERE WERE REPORTS THIS WAS GOING TO BE FINALIZED IN TOMORROWS SESSION...
______________________________________________________________

RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016

PARLIAMENT

SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI…HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT’L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)…PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS…JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI…FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING…MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK…ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,…PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL…MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS…JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR…

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

firefly (Dinar Guru) –   …You can have a monetary reform without an ECONOMIC reform … BUT …You cannot have an Economic reform without a currency shift…An Economic reform requires what? FUNDS.  [so either way we win! Yes?]   I haven’t heard otherwise...It’s a much bigger picture than most realize   [or could they start the reforms and stop or draw them out?]  Once it started there is no turning back…because of the process and the order of events.  So as we can see there is MUCH happening even as we speak. GREAT things are happening folks, just hold a tad longer. Again I ask before I leave the room … What happened in those 2 days that convinced the IMF to release a portion of the funds!
______________________________________________________________

Breitling (Dinar Guru) –  …78 Billion…One of the major confusions of what the “lopsters” had…I’ve always talked about to look at the note count.  The numbers out there from the last report are 4 billion and we know they’ve reduced it.  People don’t realize that the 78 billion is their entire reserve.  That’s NOT the note count…What it’s stating is that all the gold reserves…Foreign currency…All the assets equals up to 78 billion.  So it’s not a reflection of the note count at all.  They can pump up that reserve number…actually it’s gone down.  It was at 81 billion.  They had to dip into the reserve a little bit cause of the oil prices.  People don’t realize they can add gold and it has NO reflection on the currency count.  They can add foreign currency like the US dollar (exactly what they’ve been doing) without changing the note count.  [Post 1 of 2]
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Frank26 (Dinar Guru) –   [Anymore news on Vietnam?]  I believe the dong and many other currencies are in that long line that we talked about…or are actually up in the front of that line…so I think the dong is ready the way the Iraqi dinar is ready…but I don’t know the date or the rate for it…I also believe that many other currencies are ready…I don’t know the date or the rate…that is my opinion based on my studies.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 07-26-16

Currency Auctions Announcement No. 3245

This daily currency auction was held in the Central Bank of Iraq on the 07-26-2016

The results were as follows:

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

mike (Dinar Guru) –  Article:   “House of Representatives vote on the bills and the decision to cancel the tax deduction”  Looks like the tax deal is going to be an issue, Parliament wants it repealed. I think it’s a lot for the people to bear but it’s one of the stipulations the IMF required for the $5.3 billion dollar loan. I guess we’ll have to wait and see how this turns out.
______________________________________________________________

Delta (Dinar Guru) –    I LIKE TO REFRESH YOUR MEMORY!  Article:  “World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar” Quotes:   “It’s an important step was waiting for Iraq to raise the value of the dinar.” “lifted the value of the Iraqi dinar should be a priority ”   SO THE VALUE SHOULD GO FIRST BEFORE RASHEED AND RAFIDAIN BANK GO INTERNATIONAL.
______________________________________________________________

Backdoc (Dinar Guru) –   WE HAVE MORE THAN ADEQUATE ARTICLES EXPLAINING THAT IRAQ WILL BE DIGITAL AND OF COURSE WE ALREADY KNOW THEY ARE ASSET BACKED.   EVERY DINAR IS 25% GOLD BACKED.  THAT SAID I WILL LOOK FOR AND WHEN IT WILL BE POSSIBLE FOR THEM TO DISPLAY TO THE WORLD THIS ASSET-BACKED DIGITAL REALITY CURRENCY.  ASKING ABOUT HOW THE RATE IS AFFECTED IS TOO SENSITIVE FOR ME TO TALK ABOUT. TIME WILL SHOW WHAT IS TO COME.
______________________________________________________________

Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

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

______________________________________________________________

firefly (Dinar Guru) –    Let’s see, 2 thursdays ago the IMF told Iraq they won’t receive a red penny until they start the reform process.   2 days later they received a portion of the funds?  So my question to the room is…What happened in those 2 days that convinced the IMF to start the loan process…  IMO…We may know very shortly.
______________________________________________________________

rcookie (Dinar Guru) –   Article quote:  “RASHEED & RAFIDAIN SIGN CONTRACT WITH ERNST YOUNG AS CONSULTANT FOR APPLICATION OF UNIVERSAL BANKING SYSTEM TO BE APPLIED IN THE 2 BANKS INCLUDING PROMOTING FINANCING & INVESTMENT ACTIVITIES IN AGRICULTURAL & INDUSTRIAL SECTORS & TO BE COMPLETED WITHIN 125 DAYS UNDER AUSPICE OF MOF…”   SO THE UNIVERSAL BANKING SYSTEM WORLD BANK HAS BEEN WORKING WITH IRAQ …SINCE 2006 IN MEASURES TO RESTRUCTURE AND PRIVATIZE SOB’S…AND WITH IN INK TIMETABLE!…MARK YOUR CALENDARS
______________________________________________________________

ADMINBILL (Dinar Guru) –   …THE INFORMATION FLOWING IN LATE INTO THE NIGHT WAS ALL POSITIVE. I LOOK FOR ANOTHER DAY OF EXCITEMENT AS WE, HOPEFULLY, ARE AT THE END.
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

Backdoc (Dinar Guru) –   [ I don’t see the correlation between IEX and IQD…]    IEX HAS BEEN OPERATING SUCCESSFULLY FOR OVER A YEAR ALREADY BUT HASN’T BEEN AVAILABLE TO THE PRIVATE SECTOR. THIS MEANS COUNTRIES ARE USING IT CLEARLY.  ON SEPTEMBER 2ND A NEW DIGITAL REALITY WILL OPEN UP TO COMPANIES AND INDIVIDUALS TO FINALLY GO DIGITAL…IMO. ASSET -BACKED CURRENCIES WILL BE TRADED ON PLATFORMS LIKE THE IEX AND WILL RUN ON THE CHINESE CIPS SYSTEM WHICH WILL EVENTUALLY REPLACE THE SWIFT SYTEM.  TRADES WILL CLEAR WITHIN A MAXIMUM 3 MINUTES AS TO OPPOSED TO THE SWIFT SYSTEM WHICH TAKES 3 TO 10 DAYS.  JUST BECAUSE THE IEX LAUNCHES ON SEPT. 2ND DOESN’T MEAN WE WILL SEE A RATE ON IT AT THIS POINT!  WHAT WE DO KNOW IS THAT IRAQ IS ASSET-BACKED AND THEY HAVE TALKED ABOUT GOING DIGITAL IN MANY ARTICLES!  IMO.
______________________________________________________________

mike (Dinar Guru) –  “$ 2 billion in grants to the Iraqi people from Western countries”  …so far all I’ve seen are government solutions to Iraq’s economic problems. 6 trillion dinar economic stimulus, bonds and loans are all socialist solutions. Throwing money at the problem won’t fix it. Enforce corruption laws, open up the economy with banking and economic legislation and empower the people’s currency, right now it’s a good ole boys network where only the rich get richer. Giving these guys $2 billion dollars doesn’t fix the problem, it just encourages bad behavior and decision making.  …the time for real action and political will is now, no more excuses. IMO.
______________________________________________________________

rcookie (Dinar Guru) –    Article:  “HEAD OF ECONOMIC & INVESTMENT COMMISSION BOLANI CALLS FOR PARL TO FORM COMMITTEE FOR SPEED UP THE COMPLETION OF PORT OF FAW...”  YOU THINK THESE FOLKS ARENT AWARE OF ALL THOSE ANALYTICS…AND THE POTENTIAL OF THIS MASSIVE PROJECT…AND REMEMBER THIS WILL BE OFFERED AS A PROVICIAL SECTOR PLAY ON ISX…[Can foreigners invest in ISX – particularly Port of Faw in the future?]  YES…  [post 2 of 2]
______________________________________________________________

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

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

______________________________________________________________

http://www.cbi.iq/

Indicative rates – 07.29.2015

______________________________________________________________

If we make peaceful revolution impossible, we make violent revolution inevitable. – John F. Kennedy

______________________________________________________________

*** Current News ***

______________________________________________________________

tlm724 (Dinar Guru) –   Article quote:  “…the governor of Basra Majed Nasraoui said the port of Faw will give 10 times as much as give it the rest of the Iraqi ports.”   It is intended that Basra would be Economic Capital of Iraq and it certainly appears they are achieving just that…
______________________________________________________________

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
7/29 “Tell all After Call” – w/BGG

Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) –   Article:  “BASRA GOVERNOR NASRAOUI ASSERTS PORT OF FAW WILL YIELD 10 TIMES VOLUME OF EXISTING 5 PORTS AND A 3RD PORT TO SERVICE WITH SAUDI ARABIA TO OPEN SOON...”  10 TIMES VOLUME OF EXISTING PORTS…WHICH ARE THEMSELVES BREAKING AND SETTING NEW RECORDS EVERY MONTH…AND REMEMBER THIS PROJECT WILL CREATE MORE NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR AS WELL AS PROVIDE MORE JOBS THAN ENTIRE OIL SECTOR…
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG in DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

ADMINBILL (Dinar Guru) –   …THERE HAS BEEN NO CHANGE IN MY OPINION SINCE LATE LAST NIGHT.  [Could the markets close in a memorable way today?]   I AM LOOKING FOR A “I DON’T CARE WHAT DAY OR TIME OF DAY” END OF EVENT.
______________________________________________________________

tlm724 (Dinar Guru) – BondLady has always said 1. The Kurds need Baghdad more than Baghdad needs the Kurds and 2. that the Kurds fudged their population numbers to get more money from the budget and without an accurate census who could dispute what they said?  But the good news is that on Saturday July 30th parliament has the census law on the agenda:  “Thirteenth: report and discuss the draft census law. (Committee on Economy and Investment). (23 articles).”  We don’t expect a swift resolution to Article 140 and the disputed areas or the borders, the Constitution has to be amended and they must reach an agreement, a mutual consent among everyone.  There is a reading of the borders law in parliament on the 30th as well:  “Second: the vote on the draft of border crossings into law.”
______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Salem: Abadi and blocs failed to reach a final conclusion on the bench names of ministers”   THERE WERE REPORTS THIS WAS GOING TO BE FINALIZED IN TOMORROWS SESSION...
______________________________________________________________

RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016

PARLIAMENT

SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI…HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT’L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)…PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS…JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI…FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING…MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK…ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,…PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL…MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS…JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR…

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

firefly (Dinar Guru) –   …You can have a monetary reform without an ECONOMIC reform … BUT …You cannot have an Economic reform without a currency shift…An Economic reform requires what? FUNDS.  [so either way we win! Yes?]   I haven’t heard otherwise...It’s a much bigger picture than most realize   [or could they start the reforms and stop or draw them out?]  Once it started there is no turning back…because of the process and the order of events.  So as we can see there is MUCH happening even as we speak. GREAT things are happening folks, just hold a tad longer. Again I ask before I leave the room … What happened in those 2 days that convinced the IMF to release a portion of the funds!
______________________________________________________________

Breitling (Dinar Guru) –  …78 Billion…One of the major confusions of what the “lopsters” had…I’ve always talked about to look at the note count.  The numbers out there from the last report are 4 billion and we know they’ve reduced it.  People don’t realize that the 78 billion is their entire reserve.  That’s NOT the note count…What it’s stating is that all the gold reserves…Foreign currency…All the assets equals up to 78 billion.  So it’s not a reflection of the note count at all.  They can pump up that reserve number…actually it’s gone down.  It was at 81 billion.  They had to dip into the reserve a little bit cause of the oil prices.  People don’t realize they can add gold and it has NO reflection on the currency count.  They can add foreign currency like the US dollar (exactly what they’ve been doing) without changing the note count.  [Post 1 of 2]
______________________________________________________________

Frank26 (Dinar Guru) –   [Anymore news on Vietnam?]  I believe the dong and many other currencies are in that long line that we talked about…or are actually up in the front of that line…so I think the dong is ready the way the Iraqi dinar is ready…but I don’t know the date or the rate for it…I also believe that many other currencies are ready…I don’t know the date or the rate…that is my opinion based on my studies.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 07-26-16

Currency Auctions Announcement No. 3245

This daily currency auction was held in the Central Bank of Iraq on the 07-26-2016

The results were as follows:

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

mike (Dinar Guru) –  Article:   “House of Representatives vote on the bills and the decision to cancel the tax deduction”  Looks like the tax deal is going to be an issue, Parliament wants it repealed. I think it’s a lot for the people to bear but it’s one of the stipulations the IMF required for the $5.3 billion dollar loan. I guess we’ll have to wait and see how this turns out.
______________________________________________________________

Delta (Dinar Guru) –    I LIKE TO REFRESH YOUR MEMORY!  Article:  “World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar” Quotes:   “It’s an important step was waiting for Iraq to raise the value of the dinar.” “lifted the value of the Iraqi dinar should be a priority ”   SO THE VALUE SHOULD GO FIRST BEFORE RASHEED AND RAFIDAIN BANK GO INTERNATIONAL.
______________________________________________________________

Backdoc (Dinar Guru) –   WE HAVE MORE THAN ADEQUATE ARTICLES EXPLAINING THAT IRAQ WILL BE DIGITAL AND OF COURSE WE ALREADY KNOW THEY ARE ASSET BACKED.   EVERY DINAR IS 25% GOLD BACKED.  THAT SAID I WILL LOOK FOR AND WHEN IT WILL BE POSSIBLE FOR THEM TO DISPLAY TO THE WORLD THIS ASSET-BACKED DIGITAL REALITY CURRENCY.  ASKING ABOUT HOW THE RATE IS AFFECTED IS TOO SENSITIVE FOR ME TO TALK ABOUT. TIME WILL SHOW WHAT IS TO COME.
______________________________________________________________

Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

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

______________________________________________________________

firefly (Dinar Guru) –    Let’s see, 2 thursdays ago the IMF told Iraq they won’t receive a red penny until they start the reform process.   2 days later they received a portion of the funds?  So my question to the room is…What happened in those 2 days that convinced the IMF to start the loan process…  IMO…We may know very shortly.
______________________________________________________________

rcookie (Dinar Guru) –   Article quote:  “RASHEED & RAFIDAIN SIGN CONTRACT WITH ERNST YOUNG AS CONSULTANT FOR APPLICATION OF UNIVERSAL BANKING SYSTEM TO BE APPLIED IN THE 2 BANKS INCLUDING PROMOTING FINANCING & INVESTMENT ACTIVITIES IN AGRICULTURAL & INDUSTRIAL SECTORS & TO BE COMPLETED WITHIN 125 DAYS UNDER AUSPICE OF MOF…”   SO THE UNIVERSAL BANKING SYSTEM WORLD BANK HAS BEEN WORKING WITH IRAQ …SINCE 2006 IN MEASURES TO RESTRUCTURE AND PRIVATIZE SOB’S…AND WITH IN INK TIMETABLE!…MARK YOUR CALENDARS
______________________________________________________________

ADMINBILL (Dinar Guru) –   …THE INFORMATION FLOWING IN LATE INTO THE NIGHT WAS ALL POSITIVE. I LOOK FOR ANOTHER DAY OF EXCITEMENT AS WE, HOPEFULLY, ARE AT THE END.
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

Backdoc (Dinar Guru) –   [ I don’t see the correlation between IEX and IQD…]    IEX HAS BEEN OPERATING SUCCESSFULLY FOR OVER A YEAR ALREADY BUT HASN’T BEEN AVAILABLE TO THE PRIVATE SECTOR. THIS MEANS COUNTRIES ARE USING IT CLEARLY.  ON SEPTEMBER 2ND A NEW DIGITAL REALITY WILL OPEN UP TO COMPANIES AND INDIVIDUALS TO FINALLY GO DIGITAL…IMO. ASSET -BACKED CURRENCIES WILL BE TRADED ON PLATFORMS LIKE THE IEX AND WILL RUN ON THE CHINESE CIPS SYSTEM WHICH WILL EVENTUALLY REPLACE THE SWIFT SYTEM.  TRADES WILL CLEAR WITHIN A MAXIMUM 3 MINUTES AS TO OPPOSED TO THE SWIFT SYSTEM WHICH TAKES 3 TO 10 DAYS.  JUST BECAUSE THE IEX LAUNCHES ON SEPT. 2ND DOESN’T MEAN WE WILL SEE A RATE ON IT AT THIS POINT!  WHAT WE DO KNOW IS THAT IRAQ IS ASSET-BACKED AND THEY HAVE TALKED ABOUT GOING DIGITAL IN MANY ARTICLES!  IMO.
______________________________________________________________

mike (Dinar Guru) –  “$ 2 billion in grants to the Iraqi people from Western countries”  …so far all I’ve seen are government solutions to Iraq’s economic problems. 6 trillion dinar economic stimulus, bonds and loans are all socialist solutions. Throwing money at the problem won’t fix it. Enforce corruption laws, open up the economy with banking and economic legislation and empower the people’s currency, right now it’s a good ole boys network where only the rich get richer. Giving these guys $2 billion dollars doesn’t fix the problem, it just encourages bad behavior and decision making.  …the time for real action and political will is now, no more excuses. IMO.
______________________________________________________________

rcookie (Dinar Guru) –    Article:  “HEAD OF ECONOMIC & INVESTMENT COMMISSION BOLANI CALLS FOR PARL TO FORM COMMITTEE FOR SPEED UP THE COMPLETION OF PORT OF FAW...”  YOU THINK THESE FOLKS ARENT AWARE OF ALL THOSE ANALYTICS…AND THE POTENTIAL OF THIS MASSIVE PROJECT…AND REMEMBER THIS WILL BE OFFERED AS A PROVICIAL SECTOR PLAY ON ISX…[Can foreigners invest in ISX – particularly Port of Faw in the future?]  YES…  [post 2 of 2]
______________________________________________________________

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

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

______________________________________________________________

Indicative rates – 07.27.2015

http://www.cbi.iq/

______________________________________________________________

He who decides a case without hearing the other side, though he decide justly, cannot be considered just. – Lucius Annaeus Seneca

______________________________________________________________

*** Current News ***

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Breitling (Dinar Guru) –  ….What if they do put that currency out there and we’re left with nothing?  They can’t do that cause you have banks and institutions around the planet that have the Iraq currency.  I know Chase bank specifically does.  By the way there is NO special banking group that gets to “cash in” and no body else does…hopefully you guys have grown up by now and you don’t believe any of that garbage.  There is no such thing.  It simply does not exist and it’s never happened that way and never could happen that way.  So the scenario is they are going to add value to their currency, exactly like they said they were going to and the currency you and I have.  Eventually they are going to retire the notes.  (you’ll be able to trade for the new notes for an equivalent amount) It’s that simple.  It’s very strange what we’re watching but they’ve explained it thoroughly… [Post 2 of 2]
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Mountainman (Dinar Guru) –   We Hear A Lot About IRAQ and Yes, They are a COMPONENT w/in the NEW GLOBAL REALITY…IRAQ is and was Meant to Be the LAST TIMING MECHANISM as it GAVE (Time) to the Other COUNTRIES to IMPLEMENT said IMF Requirements Along the Way… BEGINNING AUGUST 2016, SEPTEMBER 2, 2016 = A NEW VALUE PLATFORM…
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Frank26 (Dinar Guru) –   there are no woes…there are no troubles… there are no miseries…I don’t even want to say delays.  Abadi now has a clean slate of many minister’s seats that he is going to fill in…he needs time to do it…September 2nd is huge…there is this new banking root system that is being brought into many countries…many banks…and is going to be connected with Iraq…when…September 2nd…everybody wants to get into Iraq…every country is pounding on the doors trying to get into Iraq…IMO…Iraq is ready to lift the value of their currency…but we need to let the paint dry…they are tying up loose ends.   [post 2 of 2]
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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
from 7/25 “After Call” – RCookie, Mr White, BGG and Hutch

Smart phone user link – Click here

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rcookie (Dinar Guru) –   […did Amnesty law get passed yet?]  NOT YET…ITS CUED UP AND AWAITING WITH FED COURT..NG…AND EVENTUALLY ACCOUNTABILITY & JUSTICE…
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ADMINBILL (Dinar Guru) –   THERE IS MUCH HAPPENING TONIGHT THAT MAY LEAD TO THE EVENT SHORTLY.
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Frank26 (Dinar Guru) –   I’m sorry if your hopes were up that it was going to happen in July or June… I was expecting it to…our studies indicated they were being brought into the international theater…by the IMF, the US, and many other three and two letter agencies…guess what…they are there.  Now we still need proof I suppose that is in written form that says they are international…my opinion expresses they are international…As much as you and I were excited about them entering the international world…hey they should raise the value now right…yeah…and I still agree with that 100%…but when you make a decision to go from A to B…please be fair and realize it takes time to go from A to B once you make that decision.  Well I believe deep in my heart that Iraq has been brought to the steps that lead them not only into the international world…but leads them into the reason to raise the value of their currency…   [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) –  [Speaking of supply and demand what is happening to the dinar notes once exchanged for $ ?]   first…remember, are you planning on exchanging in Iraq?  Of course not…because you will not get the USD…so you will exchange outside of Iraq?  Correct?  so those IQD notes will be outside of Iraq the CBI will not see them…  They become assets of…the US…Canada…UK…France, etc.  Remember… banks… central banks…hold foreign currency reserves…they are assets.
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rcookie (Dinar Guru) –   “Iraqi parliament session:  Parliament will vote on three bills discusses another six today”   …BUSY…BUSY DAY!!
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCoookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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Enorrste (Dinar Guru) –   Article:  “What does it mean to float the currency?”  Quote:  “Floating exchange rates fluctuate constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.”   Although Al Jazeera is not an official government source one must ask what would lead them to publish this on their own.  They have no motive on their own.  Therefore I would conclude that they were asked to do so.  The only people I can imagine that would ask Al Jazeera to do this would be either the CBI or the GOI (most likely the former).  That being said…this appears very positive.
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Breitling (Dinar Guru) –  …First…There is no reason at all to reduce the note count at all if they are going to pretend they are taking the 3 zeros off any of the notes. Second…There is no such thing as an “in country” revaluation.  It’s never happened in the history of all man kind.  I haven’t found one example.  I can go back 100 years and give you a history of currency competition…and there’s no such thing…it simply doesn’t exist.  It’s the most ridiculous thing.  A lot of articles are coming out about the polymer currency that they want to do.  and this also eliminates the idea that they are going to LOP the currency.  There is no reason to come out with a new currency if they are not going to add value to it and if they are going to lop the currency there’s no reason to have a new currency is there?  It’s doesn’t make sense.  The articles coming out about a new currency are very very good… [Post 1 of 2]
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wmawhite (Dinar Guru) –  Article:  “Reform plans awaiting allocations and mechanisms of action ” Article quotes: “…said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq…”   “He added that the provision of the central bank’s six trillion five hundred billion dinars amount of investment is designed to achieve the government’s plan to restructure Iraq’s economy and moving it from rentier economy to a productive economy and give the private sector a key role in achieving this.”  this says it right here that this is planned and the IMF is part of moving the Iraqi economy into the private sector.
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RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016

PARLIAMENT

SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI…HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT’L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)…PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS…JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI…FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING…MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK…ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,…PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL…MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS…JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR…

Read More: http://www.dinarupdates.com/blog/
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ADMINBILL (Dinar Guru) –   LOOKS GOOD FOR THE NEXT 12 TO 24 HOURS ACCORDING TO LATEST INFO. RUMOR OF ABADI APPOINTING SHABIBI AS HEAD IF CBI TOMORROW.  RUMOR ONLY.  LET’S SEE WHAT THE DAY BRINGS.

BGG ~ What is this guy up to??

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wmawhite (Dinar Guru) –   [With the IMF endorsing the peg to the USD, how difficult will it be for Iraq to go to a float? And on that note, how hard would it be for Iraq to control/work with that float?]  IMO…Iraq/CBI will not float/free float the IQD.  The CBI could/can depegged if they want to in the next minute, if that is what is best.
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tlm724 (Dinar Guru) –   Article quote:  “…the lack of accountability of the misuse of public money, that will sound when the Council is asked to put his bill by the presidency of the Republic, which is empowered to rigging the Constitution was the text of the Constitution…”  yep…the Constitution needs some tweaking, it allows them to run roughshod and manipulate the system to their advantage ie: stealing money.Right now their Constitution reads like a third world comic book…It should have been amended years ago!
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Iraqi Dinar/Dollar auction (most recent listing) 07-26-16

Currency Auctions Announcement No. 3245

This daily currency auction was held in the Central Bank of Iraq on the 07-26-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) –   Article:  “In addition to targeted institutional organization, it would limit the tax evasion operations will be subject to the tax charge for the fact that records companies reveal in front of the tax authorities, as well as regulators are any corporate solidarity does not assume future tax irregularities from the legal responsibility of being officially registered and licensed.”   This appears to be huge steps at ensuring that all entities… whether government or private sector are registered and paying their fair taxes.  They see the flood gates opening and are ensuring that they are prepared administratively. In other words…if the flood gates of investors were not opening ..why worry about such issues?
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ADMINBILL (Dinar Guru) – WHAT A SCREWBALL WEEK THIS HAS BEEN. UP DOWN, UP DOWN. SO WHERE ARE WE…? IN MY OPINION WE MAY BE IN THE WEEK…THE PROBLEM WE HAVE IS THAT WE CANNOT GET THE TRUTH FROM ANY NEWS SOURCE THESE DAYS WHICH MAKES IT VERY DIFFICULT FOR THOSE THAT HAVE NOT KEPT UP WITH THE DAILY DRAMA IN DINARVILLE.   I SAY WE ARE NEAR THE END…WITHOUT THE GCR/RV THE SITUATION IS THAT GRAVE.
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rcookie (Dinar Guru) –   Article quote:  “ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION”   SO…THE ASHUR BANK ISX LAUNCH TOMORROW [MONDAY]…
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Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

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

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rcookie (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”  Quote:  “said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation...”   THE TITLE BLOWS THE MIND…AND THE STATEMENT SOURCE BEING ALNASIRI ISNT TO SHABBY AS WELL…THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS…1ST A SWITCH TO A PRODUCTIVE ECONOMY…AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACCURATE, TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION…WOW…THAT REPORT WAS AWESOME!
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Kaperoni (Dinar Guru) –   Article:  “CBI agrees to open windows for the sale of US dollars in cash for travelers”  [So is this a good thing or bad thing or neither?]   This is a great thing.  Remember the IMF line…”The authorities will gradually remove remaining exchange restrictions..”  This is a requirement for Article VIII.   We need this to happen for the dinar to be internationally convertible and rise in value!  The sooner the better.
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rcookie (Dinar Guru) –   Article:  “A new International Port between Iran and Iraq Kurdistan”  WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN…THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!
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What does it mean to float the currency?

Floating currency is to make the exchange rate of the currency as an editor in full, so that the government does not interfere , or the central bank in the determined directly. But it is automatically excreted in the currency market by supply and demand mechanism that allows for the identification of the national currency exchange rate against foreign currencies.

And fluctuate prices of floating currency exchange constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.

Forms of flotation

Either be floating or purely be directed:

Pure flotation:
are left to determine the exchange rate to market forces and the mechanism of supply and demand in full, and the state refrain from any direct or indirect intervention.

Flotation prompt:
is left to determine the exchange rate to market forces and the mechanism of supply and demand, but the state intervenes (via the central bank) as needed in order to guide the exchange rates in certain directions by influencing the size of the offer or demand for foreign currencies.

Supporters of flotation

For as long as theorists monetary school defended in economics ( Milton Friedman model) for floating currencies, claiming that the liberalization of exchange rates will make it reflect the economic fundamentals of the various countries (growth, trade balance, inflation , interest rates), and will lead it thus to restore the balance of relations and business accounts of current transactions continuously and automatically…

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

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BGG (Dinar Guru) –   Article:  “Abadi accept the seventh resignation of a minister in his government”  This goes back to the SJC set back suffered by Abadi about “how” he got the “reshuffle” started (by removing those guys)… Looks like he has somehow “persuaded” them to “voluntarily resign”…he will get his “technocratic GOI” sooner rather than later.  regarding the “delays” – yes, there have been real delays…stop and think… half of Iraq was under the control of a hostile force… didn’t need to be – but it was…Maliki was partially the author of it…security HAS been an issue… plainly, there have been plans published and retracted (or “tabled”) that addressed currency reform…We’re in much better shape now.
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Bondlady (Dinar Guru) –   Article:  “Ready to receive the ten global companies to complete the port of Faw in Basra”   this port is very important and its a huge project that’s been ongoing for years and years…its very close to completion and when it is whoa! talk about a huge money maker…this will be the largest port in the world, it will connect Iraq thru its shipping lanes…to the rest of the world…very big and huge deal for Iraq…thumbs up…
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tlm724 (Dinar Guru) –  Article:  “Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him”  Quote: “Statement Mr. Prime Minister , Dr. Haider al – Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people…”   it’s hard to fathom the conditions these people are trying to live under…no food, no water, no sanitation, no meds, children starving and its like 130 degrees…so sad…take a moment and say a prayer for your fellow man!
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Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
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BGG (Dinar Guru) –   Article:  “IMF agreement test for Iraq”   IMF has developed a tremendous program to rewrite Iraq’s ailing economy.  The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East.  While not saying ” rv tomorrow” it’s pretty compelling stuff…
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Delta (Dinar Guru) –   Article quote:   “The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to ” low value and stop the public about the circulation ,” according to a statement of the bank. A source in the CBI told the ” term ” that ” the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last…”
I DID BRING THIS…FROM 2/27/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS!  AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT’S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.
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Backdoc (Dinar Guru) –   QUIET WE ARE WITH A PURPOSE FOR A PURPOSE!  WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
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Iraqi Dinar/Dollar auction (most recent listing) 07-24-16

Currency Auctions Announcement No. 3243

This daily currency auction was held in the Central Bank of Iraq on the 07-24-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”   Quote:  “…the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives…activating the role of financial institutions and the banking sector”   Super article IMO as it describes how the economy and banking sector are tied together.  This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value.  Good and exciting stuff!
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BGG (Dinar Guru) –    “OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION…”  the bigger news than who it is – is that it is soon (the liberation of Mosul)…key city in Iraq – sets the stage for real stability – if this is one of the “biggies” for the IMF. Mosul will be captured – the US would not be there if it were not a “given”… the progress is breathtaking…As far as this investment goes…all good for Iraq.
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tman23 (Dinar Guru) –    ...Abadi is saying he would launch in October…which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad…At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: “We would like to see some reforms moving faster.”  REFORMS MOVE FASTER…THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY…THIS IS WHAT THEY ARE PLANNING…ABADI IS SAYING UNTIL OCTOBER…and…security after liberation is the biggest concern of all…Rebuilding the second largest city and providing immediate service is an issue…UNCERTAIN SECURITY… UNCERTAIN of the Country uniting post ISIS…Uncertainty by the MAJORS tells me NO CURRENCY CHANGE…IMF said…That Iraq is expected to enter the International Market by mid 2016… Simply put, the reality of Iraq meeting expectations will most likely end in disappointment…
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Iraqi Dinar/Dollar auction (most recent listing) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Shredd (Dinar Guru) –   …the IMF’s continued support and re-clarification that the peg to the dollar is in place is a good thing.  It is just a matter of time that the dinar will gain value as Iraq diversifies in it’s outputs and regrows its reserves from oil revenues.  We are not invested in some penny stock that we’re hoping to get rich on like the inbred, get-rich-quick dummies do.  ​We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth.   [post 3 of 3]
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Shredd (Dinar Guru) –   [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.
Let me also add that…   [post 2 of 3….stay tuned]
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Shredd (Dinar Guru) –   Article:  “IMF says no reason to devalue Iraqi Dinar”  This article captures most of the upside of having the dinar on par with the dollar. I’ll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country’s economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner.  [post 1 of 3….stay tuned]
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U.S.-Iraqi Kurdistan MOU signed with Baghdad’s support and approval

Iraq’s Ministry of Defense on Friday said the Memorandum of Understanding (MOU) that includes provisions of military support to the Peshmerga forces signed between the Kurdistan Regional Government (KRG) and the United States was carried out with and after the approval of the Iraqi central government.

The defense ministry released a statement refuting claims the agreement was signed without Baghdad’s approval and stressing the MOU was meant to support Peshmerga forces with financial and military aid.

The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq’s sovereignty.

“Approval has been obtained from the Iraqi government for the aid for the Peshmerga Forces but the preconditions were indicated by the U.S.,” the statement read…

Read More: http://www.dinarupdates.com/blog/
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tlm724 (Dinar Guru) –  Here are the statistics I want to share with you all: CIA The World Factbook:  COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD:  Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.

RANK RESERVES OF FOREIGN EXCHANGE AND GOLD: 

37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST  

49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST

Isn’t that pretty ? Iraq has quite a bit more gold and reserves…   [post 2 of 2]
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tlm724 (Dinar Guru) –  I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait’s exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar.  The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table.  The overall standard of living still depends on the central government passing major policy reforms and laws…and that too is being addressed, it is just a matter of time.  …I did some research so I could answer that old question:  Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some!  [post 1 of 2….stay tuned]
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Bondlady (Dinar Guru) –    Article:  “Exchange rate and disinformation”  Quote:  “Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…”  …this is a good article an could very well mean even better for us than what its saying…the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they’ve done the last few times they’ve been ready to move the dinar rates or do something with the currency…we all know its long over due…this is definitely different than the last 10 plus years…I really do expect things to change in a big way with the new agreements made with talibani…art 140…hcl… several more huge things…I believe we will see those come to light very soon…hang in there every one …its lookin very good for us all imo.
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

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http://www.cbi.iq/

Indicative rates – 07.26.2015

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He who decides a case without hearing the other side, though he decide justly, cannot be considered just. – Lucius Annaeus Seneca

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*** Current News ***

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Frank26 (Dinar Guru) –   there are no woes…there are no troubles… there are no miseries…I don’t even want to say delays.  Abadi now has a clean slate of many minister’s seats that he is going to fill in…he needs time to do it…September 2nd is huge…there is this new banking root system that is being brought into many countries…many banks…and is going to be connected with Iraq…when…September 2nd…everybody wants to get into Iraq…every country is pounding on the doors trying to get into Iraq…IMO…Iraq is ready to lift the value of their currency…but we need to let the paint dry…they are tying up loose ends.   [post 2 of 2]
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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
from 7/25 “After Call” – RCookie, Mr White, BGG and Hutch

Smart phone user link – Click here

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Frank26 (Dinar Guru) –   I’m sorry if your hopes were up that it was going to happen in July or June… I was expecting it to…our studies indicated they were being brought into the international theater…by the IMF, the US, and many other three and two letter agencies…guess what…they are there.  Now we still need proof I suppose that is in written form that says they are international…my opinion expresses they are international…As much as you and I were excited about them entering the international world…hey they should raise the value now right…yeah…and I still agree with that 100%…but when you make a decision to go from A to B…please be fair and realize it takes time to go from A to B once you make that decision.  Well I believe deep in my heart that Iraq has been brought to the steps that lead them not only into the international world…but leads them into the reason to raise the value of their currency…   [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) –  [Speaking of supply and demand what is happening to the dinar notes once exchanged for $ ?]   first…remember, are you planning on exchanging in Iraq?  Of course not…because you will not get the USD…so you will exchange outside of Iraq?  Correct?  so those IQD notes will be outside of Iraq the CBI will not see them…  They become assets of…the US…Canada…UK…France, etc.  Remember… banks… central banks…hold foreign currency reserves…they are assets.
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rcookie (Dinar Guru) –   “Iraqi parliament session:  Parliament will vote on three bills discusses another six today”   …BUSY…BUSY DAY!!
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCoookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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Enorrste (Dinar Guru) –   Article:  “What does it mean to float the currency?”  Quote:  “Floating exchange rates fluctuate constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.”   Although Al Jazeera is not an official government source one must ask what would lead them to publish this on their own.  They have no motive on their own.  Therefore I would conclude that they were asked to do so.  The only people I can imagine that would ask Al Jazeera to do this would be either the CBI or the GOI (most likely the former).  That being said…this appears very positive.
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Breitling (Dinar Guru) –  …First…There is no reason at all to reduce the note count at all if they are going to pretend they are taking the 3 zeros off any of the notes. Second…There is no such thing as an “in country” revaluation.  It’s never happened in the history of all man kind.  I haven’t found one example.  I can go back 100 years and give you a history of currency competition…and there’s no such thing…it simply doesn’t exist.  It’s the most ridiculous thing.  A lot of articles are coming out about the polymer currency that they want to do.  and this also eliminates the idea that they are going to LOP the currency.  There is no reason to come out with a new currency if they are not going to add value to it and if they are going to lop the currency there’s no reason to have a new currency is there?  It’s doesn’t make sense.  The articles coming out about a new currency are very very good… [Post 1 of 3]
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wmawhite (Dinar Guru) –  Article:  “Reform plans awaiting allocations and mechanisms of action ” Article quotes: “…said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq…”   “He added that the provision of the central bank’s six trillion five hundred billion dinars amount of investment is designed to achieve the government’s plan to restructure Iraq’s economy and moving it from rentier economy to a productive economy and give the private sector a key role in achieving this.”  this says it right here that this is planned and the IMF is part of moving the Iraqi economy into the private sector.
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RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016

PARLIAMENT

SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI…HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT’L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)…PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS…JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI…FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING…MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK…ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,…PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL…MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS…JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR…

Read More: http://www.dinarupdates.com/blog/
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ADMINBILL (Dinar Guru) –   LOOKS GOOD FOR THE NEXT 12 TO 24 HOURS ACCORDING TO LATEST INFO. RUMOR OF ABADI APPOINTING SHABIBI AS HEAD IF CBI TOMORROW.  RUMOR ONLY.  LET’S SEE WHAT THE DAY BRINGS.

BGG ~ What is this guy up to??

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wmawhite (Dinar Guru) –   [With the IMF endorsing the peg to the USD, how difficult will it be for Iraq to go to a float? And on that note, how hard would it be for Iraq to control/work with that float?]  IMO…Iraq/CBI will not float/free float the IQD.  The CBI could/can depegged if they want to in the next minute, if that is what is best.
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tlm724 (Dinar Guru) –   Article quote:  “…the lack of accountability of the misuse of public money, that will sound when the Council is asked to put his bill by the presidency of the Republic, which is empowered to rigging the Constitution was the text of the Constitution…”  yep…the Constitution needs some tweaking, it allows them to run roughshod and manipulate the system to their advantage ie: stealing money.Right now their Constitution reads like a third world comic book…It should have been amended years ago!
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Iraqi Dinar/Dollar auction (most recent listing) 07-26-16

Currency Auctions Announcement No. 3245

This daily currency auction was held in the Central Bank of Iraq on the 07-26-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) –   Article:  “In addition to targeted institutional organization, it would limit the tax evasion operations will be subject to the tax charge for the fact that records companies reveal in front of the tax authorities, as well as regulators are any corporate solidarity does not assume future tax irregularities from the legal responsibility of being officially registered and licensed.”   This appears to be huge steps at ensuring that all entities… whether government or private sector are registered and paying their fair taxes.  They see the flood gates opening and are ensuring that they are prepared administratively. In other words…if the flood gates of investors were not opening ..why worry about such issues?
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ADMINBILL (Dinar Guru) – WHAT A SCREWBALL WEEK THIS HAS BEEN. UP DOWN, UP DOWN. SO WHERE ARE WE…? IN MY OPINION WE MAY BE IN THE WEEK…THE PROBLEM WE HAVE IS THAT WE CANNOT GET THE TRUTH FROM ANY NEWS SOURCE THESE DAYS WHICH MAKES IT VERY DIFFICULT FOR THOSE THAT HAVE NOT KEPT UP WITH THE DAILY DRAMA IN DINARVILLE.   I SAY WE ARE NEAR THE END…WITHOUT THE GCR/RV THE SITUATION IS THAT GRAVE.
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rcookie (Dinar Guru) –   Article quote:  “ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION”   SO…THE ASHUR BANK ISX LAUNCH TOMORROW [MONDAY]…
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Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

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

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rcookie (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”  Quote:  “said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation...”   THE TITLE BLOWS THE MIND…AND THE STATEMENT SOURCE BEING ALNASIRI ISNT TO SHABBY AS WELL…THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS…1ST A SWITCH TO A PRODUCTIVE ECONOMY…AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACCURATE, TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION…WOW…THAT REPORT WAS AWESOME!
______________________________________________________________

Kaperoni (Dinar Guru) –   Article:  “CBI agrees to open windows for the sale of US dollars in cash for travelers”  [So is this a good thing or bad thing or neither?]   This is a great thing.  Remember the IMF line…”The authorities will gradually remove remaining exchange restrictions..”  This is a requirement for Article VIII.   We need this to happen for the dinar to be internationally convertible and rise in value!  The sooner the better.
______________________________________________________________

rcookie (Dinar Guru) –   Article:  “A new International Port between Iran and Iraq Kurdistan”  WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN…THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!
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What does it mean to float the currency?

Floating currency is to make the exchange rate of the currency as an editor in full, so that the government does not interfere , or the central bank in the determined directly. But it is automatically excreted in the currency market by supply and demand mechanism that allows for the identification of the national currency exchange rate against foreign currencies.

And fluctuate prices of floating currency exchange constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.

Forms of flotation

Either be floating or purely be directed:

Pure flotation:
are left to determine the exchange rate to market forces and the mechanism of supply and demand in full, and the state refrain from any direct or indirect intervention.

Flotation prompt:
is left to determine the exchange rate to market forces and the mechanism of supply and demand, but the state intervenes (via the central bank) as needed in order to guide the exchange rates in certain directions by influencing the size of the offer or demand for foreign currencies.

Supporters of flotation

For as long as theorists monetary school defended in economics ( Milton Friedman model) for floating currencies, claiming that the liberalization of exchange rates will make it reflect the economic fundamentals of the various countries (growth, trade balance, inflation , interest rates), and will lead it thus to restore the balance of relations and business accounts of current transactions continuously and automatically…

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

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BGG (Dinar Guru) –   Article:  “Abadi accept the seventh resignation of a minister in his government”  This goes back to the SJC set back suffered by Abadi about “how” he got the “reshuffle” started (by removing those guys)… Looks like he has somehow “persuaded” them to “voluntarily resign”…he will get his “technocratic GOI” sooner rather than later.  regarding the “delays” – yes, there have been real delays…stop and think… half of Iraq was under the control of a hostile force… didn’t need to be – but it was…Maliki was partially the author of it…security HAS been an issue… plainly, there have been plans published and retracted (or “tabled”) that addressed currency reform…We’re in much better shape now.
______________________________________________________________

Bondlady (Dinar Guru) –   Article:  “Ready to receive the ten global companies to complete the port of Faw in Basra”   this port is very important and its a huge project that’s been ongoing for years and years…its very close to completion and when it is whoa! talk about a huge money maker…this will be the largest port in the world, it will connect Iraq thru its shipping lanes…to the rest of the world…very big and huge deal for Iraq…thumbs up…
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tlm724 (Dinar Guru) –  Article:  “Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him”  Quote: “Statement Mr. Prime Minister , Dr. Haider al – Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people…”   it’s hard to fathom the conditions these people are trying to live under…no food, no water, no sanitation, no meds, children starving and its like 130 degrees…so sad…take a moment and say a prayer for your fellow man!
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

BGG (Dinar Guru) –   Article:  “IMF agreement test for Iraq”   IMF has developed a tremendous program to rewrite Iraq’s ailing economy.  The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East.  While not saying ” rv tomorrow” it’s pretty compelling stuff…
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Delta (Dinar Guru) –   Article quote:   “The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to ” low value and stop the public about the circulation ,” according to a statement of the bank. A source in the CBI told the ” term ” that ” the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last…”
I DID BRING THIS…FROM 2/27/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS!  AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT’S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.
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Backdoc (Dinar Guru) –   QUIET WE ARE WITH A PURPOSE FOR A PURPOSE!  WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
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Iraqi Dinar/Dollar auction (most recent listing) 07-24-16

Currency Auctions Announcement No. 3243

This daily currency auction was held in the Central Bank of Iraq on the 07-24-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”   Quote:  “…the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives…activating the role of financial institutions and the banking sector”   Super article IMO as it describes how the economy and banking sector are tied together.  This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value.  Good and exciting stuff!
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BGG (Dinar Guru) –    “OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION…”  the bigger news than who it is – is that it is soon (the liberation of Mosul)…key city in Iraq – sets the stage for real stability – if this is one of the “biggies” for the IMF. Mosul will be captured – the US would not be there if it were not a “given”… the progress is breathtaking…As far as this investment goes…all good for Iraq.
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tman23 (Dinar Guru) –    ...Abadi is saying he would launch in October…which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad…At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: “We would like to see some reforms moving faster.”  REFORMS MOVE FASTER…THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY…THIS IS WHAT THEY ARE PLANNING…ABADI IS SAYING UNTIL OCTOBER…and…security after liberation is the biggest concern of all…Rebuilding the second largest city and providing immediate service is an issue…UNCERTAIN SECURITY… UNCERTAIN of the Country uniting post ISIS…Uncertainty by the MAJORS tells me NO CURRENCY CHANGE…IMF said…That Iraq is expected to enter the International Market by mid 2016… Simply put, the reality of Iraq meeting expectations will most likely end in disappointment…
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Iraqi Dinar/Dollar auction (most recent listing) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Shredd (Dinar Guru) –   …the IMF’s continued support and re-clarification that the peg to the dollar is in place is a good thing.  It is just a matter of time that the dinar will gain value as Iraq diversifies in it’s outputs and regrows its reserves from oil revenues.  We are not invested in some penny stock that we’re hoping to get rich on like the inbred, get-rich-quick dummies do.  ​We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth.   [post 3 of 3]
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Shredd (Dinar Guru) –   [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.
Let me also add that…   [post 2 of 3….stay tuned]
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Shredd (Dinar Guru) –   Article:  “IMF says no reason to devalue Iraqi Dinar”  This article captures most of the upside of having the dinar on par with the dollar. I’ll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country’s economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner.  [post 1 of 3….stay tuned]
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U.S.-Iraqi Kurdistan MOU signed with Baghdad’s support and approval

Iraq’s Ministry of Defense on Friday said the Memorandum of Understanding (MOU) that includes provisions of military support to the Peshmerga forces signed between the Kurdistan Regional Government (KRG) and the United States was carried out with and after the approval of the Iraqi central government.

The defense ministry released a statement refuting claims the agreement was signed without Baghdad’s approval and stressing the MOU was meant to support Peshmerga forces with financial and military aid.

The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq’s sovereignty.

“Approval has been obtained from the Iraqi government for the aid for the Peshmerga Forces but the preconditions were indicated by the U.S.,” the statement read…

Read More: http://www.dinarupdates.com/blog/
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tlm724 (Dinar Guru) –  Here are the statistics I want to share with you all: CIA The World Factbook:  COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD:  Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.

RANK RESERVES OF FOREIGN EXCHANGE AND GOLD: 

37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST  

49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST

Isn’t that pretty ? Iraq has quite a bit more gold and reserves…   [post 2 of 2]
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tlm724 (Dinar Guru) –  I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait’s exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar.  The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table.  The overall standard of living still depends on the central government passing major policy reforms and laws…and that too is being addressed, it is just a matter of time.  …I did some research so I could answer that old question:  Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some!  [post 1 of 2….stay tuned]
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Bondlady (Dinar Guru) –    Article:  “Exchange rate and disinformation”  Quote:  “Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…”  …this is a good article an could very well mean even better for us than what its saying…the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they’ve done the last few times they’ve been ready to move the dinar rates or do something with the currency…we all know its long over due…this is definitely different than the last 10 plus years…I really do expect things to change in a big way with the new agreements made with talibani…art 140…hcl… several more huge things…I believe we will see those come to light very soon…hang in there every one …its lookin very good for us all imo.
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

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Indicative rates – 07.25.2015

http://www.cbi.iq/

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There is something even more valuable to civilization than wisdom, and that is character. – H. L. Mencken

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*** Current News ***

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ADMINBILL (Dinar Guru) – WHAT A SCREWBALL WEEK THIS HAS BEEN. UP DOWN, UP DOWN. SO WHERE ARE WE…? IN MY OPINION WE MAY BE IN THE WEEK…THE PROBLEM WE HAVE IS THAT WE CANNOT GET THE TRUTH FROM ANY NEWS SOURCE THESE DAYS WHICH MAKES IT VERY DIFFICULT FOR THOSE THAT HAVE NOT KEPT UP WITH THE DAILY DRAMA IN DINARVILLE.   I SAY WE ARE NEAR THE END…WITHOUT THE GCR/RV THE SITUATION IS THAT GRAVE.
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rcookie (Dinar Guru) –   Article quote:  “ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION”   SO…THE ASHUR BANK ISX LAUNCH TOMORROW [MONDAY]…
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCoookie and Mr White in DU CHAT ROOM – Monday 6:30pm CST

www.DinarUpdates.com – save as favorite!

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rcookie (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”  Quote:  “said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation...”   THE TITLE BLOWS THE MIND…AND THE STATEMENT SOURCE BEING ALNASIRI ISNT TO SHABBY AS WELL…THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS…1ST A SWITCH TO A PRODUCTIVE ECONOMY…AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACCURATE, TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION…WOW…THAT REPORT WAS AWESOME!
______________________________________________________________

Kaperoni (Dinar Guru) –   Article:  “CBI agrees to open windows for the sale of US dollars in cash for travelers”  [So is this a good thing or bad thing or neither?]   This is a great thing.  Remember the IMF line…”The authorities will gradually remove remaining exchange restrictions..”  This is a requirement for Article VIII.   We need this to happen for the dinar to be internationally convertible and rise in value!  The sooner the better.
______________________________________________________________

rcookie (Dinar Guru) –   Article:  “A new International Port between Iran and Iraq Kurdistan”  WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN…THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!
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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
7/25 “After Call” – RCookie, Mr White, BGG and Hutch 641-715-3640 pin#528733

from 7/18 – Smart phone user link – Click here

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BGG (Dinar Guru) –   Article:  “Abadi accept the seventh resignation of a minister in his government”  This goes back to the SJC set back suffered by Abadi about “how” he got the “reshuffle” started (by removing those guys)… Looks like he has somehow “persuaded” them to “voluntarily resign”…he will get his “technocratic GOI” sooner rather than later.  regarding the “delays” – yes, there have been real delays…stop and think… half of Iraq was under the control of a hostile force… didn’t need to be – but it was…Maliki was partially the author of it…security HAS been an issue… plainly, there have been plans published and retracted (or “tabled”) that addressed currency reform…We’re in much better shape now.
______________________________________________________________

Bondlady (Dinar Guru) –   Article:  “Ready to receive the ten global companies to complete the port of Faw in Basra”   this port is very important and its a huge project that’s been ongoing for years and years…its very close to completion and when it is whoa! talk about a huge money maker…this will be the largest port in the world, it will connect Iraq thru its shipping lanes…to the rest of the world…very big and huge deal for Iraq…thumbs up…
______________________________________________________________

tlm724 (Dinar Guru) –  Article:  “Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him”  Quote: “Statement Mr. Prime Minister , Dr. Haider al – Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people…”   it’s hard to fathom the conditions these people are trying to live under…no food, no water, no sanitation, no meds, children starving and its like 130 degrees…so sad…take a moment and say a prayer for your fellow man!
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

BGG (Dinar Guru) –   Article:  “IMF agreement test for Iraq”   IMF has developed a tremendous program to rewrite Iraq’s ailing economy.  The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East.  While not saying ” rv tomorrow” it’s pretty compelling stuff…
______________________________________________________________

Delta (Dinar Guru) –   Article quote:   “The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to ” low value and stop the public about the circulation ,” according to a statement of the bank. A source in the CBI told the ” term ” that ” the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last…”
I DID BRING THIS…FROM 2/27/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS!  AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT’S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.
______________________________________________________________

Backdoc (Dinar Guru) –   QUIET WE ARE WITH A PURPOSE FOR A PURPOSE!  WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 07-24-16

Currency Auctions Announcement No. 3243

This daily currency auction was held in the Central Bank of Iraq on the 07-24-2016

The results were as follows:

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

Kaperoni (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”   Quote:  “…the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives…activating the role of financial institutions and the banking sector”   Super article IMO as it describes how the economy and banking sector are tied together.  This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value.  Good and exciting stuff!
______________________________________________________________

BGG (Dinar Guru) –    “OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION…”  the bigger news than who it is – is that it is soon (the liberation of Mosul)…key city in Iraq – sets the stage for real stability – if this is one of the “biggies” for the IMF. Mosul will be captured – the US would not be there if it were not a “given”… the progress is breathtaking…As far as this investment goes…all good for Iraq.
______________________________________________________________

tman23 (Dinar Guru) –    ...Abadi is saying he would launch in October…which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad…At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: “We would like to see some reforms moving faster.”  REFORMS MOVE FASTER…THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY…THIS IS WHAT THEY ARE PLANNING…ABADI IS SAYING UNTIL OCTOBER…and…security after liberation is the biggest concern of all…Rebuilding the second largest city and providing immediate service is an issue…UNCERTAIN SECURITY… UNCERTAIN of the Country uniting post ISIS…Uncertainty by the MAJORS tells me NO CURRENCY CHANGE…IMF said…That Iraq is expected to enter the International Market by mid 2016… Simply put, the reality of Iraq meeting expectations will most likely end in disappointment…
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Iraqi Dinar/Dollar auction (most recent listing) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

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

Shredd (Dinar Guru) –   …the IMF’s continued support and re-clarification that the peg to the dollar is in place is a good thing.  It is just a matter of time that the dinar will gain value as Iraq diversifies in it’s outputs and regrows its reserves from oil revenues.  We are not invested in some penny stock that we’re hoping to get rich on like the inbred, get-rich-quick dummies do.  ​We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth.   [post 3 of 3]
______________________________________________________________

Shredd (Dinar Guru) –   [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.
Let me also add that…   [post 2 of 3….stay tuned]
______________________________________________________________

Shredd (Dinar Guru) –   Article:  “IMF says no reason to devalue Iraqi Dinar”  This article captures most of the upside of having the dinar on par with the dollar. I’ll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country’s economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner.  [post 1 of 3….stay tuned]
______________________________________________________________

U.S.-Iraqi Kurdistan MOU signed with Baghdad’s support and approval

Iraq’s Ministry of Defense on Friday said the Memorandum of Understanding (MOU) that includes provisions of military support to the Peshmerga forces signed between the Kurdistan Regional Government (KRG) and the United States was carried out with and after the approval of the Iraqi central government.

The defense ministry released a statement refuting claims the agreement was signed without Baghdad’s approval and stressing the MOU was meant to support Peshmerga forces with financial and military aid.

The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq’s sovereignty.

“Approval has been obtained from the Iraqi government for the aid for the Peshmerga Forces but the preconditions were indicated by the U.S.,” the statement read…

Read More: http://www.dinarupdates.com/blog/
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tlm724 (Dinar Guru) –  Here are the statistics I want to share with you all: CIA The World Factbook:  COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD:  Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.

RANK RESERVES OF FOREIGN EXCHANGE AND GOLD: 

37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST  

49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST

Isn’t that pretty ? Iraq has quite a bit more gold and reserves…   [post 2 of 2]
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tlm724 (Dinar Guru) –  I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait’s exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar.  The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table.  The overall standard of living still depends on the central government passing major policy reforms and laws…and that too is being addressed, it is just a matter of time.  …I did some research so I could answer that old question:  Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some!  [post 1 of 2….stay tuned]
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Bondlady (Dinar Guru) –    Article:  “Exchange rate and disinformation”  Quote:  “Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…”  …this is a good article an could very well mean even better for us than what its saying…the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they’ve done the last few times they’ve been ready to move the dinar rates or do something with the currency…we all know its long over due…this is definitely different than the last 10 plus years…I really do expect things to change in a big way with the new agreements made with talibani…art 140…hcl… several more huge things…I believe we will see those come to light very soon…hang in there every one …its lookin very good for us all imo.
______________________________________________________________

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

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

______________________________________________________________

http://www.cbi.iq/

Indicative rates – 07.24.2015

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There is something even more valuable to civilization than wisdom, and that is character. – H. L. Mencken

______________________________________________________________

*** Current News ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Monday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

Kaperoni (Dinar Guru) –   Article:  “CBI agrees to open windows for the sale of US dollars in cash for travelers”  [So is this a good thing or bad thing or neither?]   This is a great thing.  Remember the IMF line…”The authorities will gradually remove remaining exchange restrictions..”  This is a requirement for Article VIII.   We need this to happen for the dinar to be internationally convertible and rise in value!  The sooner the better.
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rcookie (Dinar Guru) –   Article:  “A new International Port between Iran and Iraq Kurdistan”  WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN…THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!
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Dinar Updates “The After Call – ReDux”!!

“Immediately following News Time!!”
7/18 – “After Call”!! (next one – 7/25)

Smart phone user link – Click here

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BGG (Dinar Guru) –   Article:  “Abadi accept the seventh resignation of a minister in his government”  This goes back to the SJC set back suffered by Abadi about “how” he got the “reshuffle” started (by removing those guys)… Looks like he has somehow “persuaded” them to “voluntarily resign”…he will get his “technocratic GOI” sooner rather than later.  regarding the “delays” – yes, there have been real delays…stop and think… half of Iraq was under the control of a hostile force… didn’t need to be – but it was…Maliki was partially the author of it…security HAS been an issue… plainly, there have been plans published and retracted (or “tabled”) that addressed currency reform…We’re in much better shape now.
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Bondlady (Dinar Guru) –   Article:  “Ready to receive the ten global companies to complete the port of Faw in Basra”   this port is very important and its a huge project that’s been ongoing for years and years…its very close to completion and when it is whoa! talk about a huge money maker…this will be the largest port in the world, it will connect Iraq thru its shipping lanes…to the rest of the world…very big and huge deal for Iraq…thumbs up…
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tlm724 (Dinar Guru) –  Article:  “Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him”  Quote: “Statement Mr. Prime Minister , Dr. Haider al – Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people…”   it’s hard to fathom the conditions these people are trying to live under…no food, no water, no sanitation, no meds, children starving and its like 130 degrees…so sad…take a moment and say a prayer for your fellow man!
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

BGG (Dinar Guru) –   Article:  “IMF agreement test for Iraq”   IMF has developed a tremendous program to rewrite Iraq’s ailing economy.  The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East.  While not saying ” rv tomorrow” it’s pretty compelling stuff…
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Delta (Dinar Guru) –   Article quote:   “The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to ” low value and stop the public about the circulation ,” according to a statement of the bank. A source in the CBI told the ” term ” that ” the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last…”
I DID BRING THIS…FROM 2/27/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS!  AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT’S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.
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Backdoc (Dinar Guru) –   QUIET WE ARE WITH A PURPOSE FOR A PURPOSE!  WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
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Iraqi Dinar/Dollar auction (most recent listing) 07-24-16

Currency Auctions Announcement No. 3243

This daily currency auction was held in the Central Bank of Iraq on the 07-24-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”   Quote:  “…the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives…activating the role of financial institutions and the banking sector”   Super article IMO as it describes how the economy and banking sector are tied together.  This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value.  Good and exciting stuff!
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BGG (Dinar Guru) –    “OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION…”  the bigger news than who it is – is that it is soon (the liberation of Mosul)…key city in Iraq – sets the stage for real stability – if this is one of the “biggies” for the IMF. Mosul will be captured – the US would not be there if it were not a “given”… the progress is breathtaking…As far as this investment goes…all good for Iraq.
______________________________________________________________

tman23 (Dinar Guru) –    ...Abadi is saying he would launch in October…which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad…At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: “We would like to see some reforms moving faster.”  REFORMS MOVE FASTER…THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY…THIS IS WHAT THEY ARE PLANNING…ABADI IS SAYING UNTIL OCTOBER…and…security after liberation is the biggest concern of all…Rebuilding the second largest city and providing immediate service is an issue…UNCERTAIN SECURITY… UNCERTAIN of the Country uniting post ISIS…Uncertainty by the MAJORS tells me NO CURRENCY CHANGE…IMF said…That Iraq is expected to enter the International Market by mid 2016… Simply put, the reality of Iraq meeting expectations will most likely end in disappointment…
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

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

Shredd (Dinar Guru) –   …the IMF’s continued support and re-clarification that the peg to the dollar is in place is a good thing.  It is just a matter of time that the dinar will gain value as Iraq diversifies in it’s outputs and regrows its reserves from oil revenues.  We are not invested in some penny stock that we’re hoping to get rich on like the inbred, get-rich-quick dummies do.  ​We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth.   [post 3 of 3]
______________________________________________________________

Shredd (Dinar Guru) –   [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.
Let me also add that…   [post 2 of 3….stay tuned]
______________________________________________________________

Shredd (Dinar Guru) –   Article:  “IMF says no reason to devalue Iraqi Dinar”  This article captures most of the upside of having the dinar on par with the dollar. I’ll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country’s economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner.  [post 1 of 3….stay tuned]
______________________________________________________________

U.S.-Iraqi Kurdistan MOU signed with Baghdad’s support and approval

Iraq’s Ministry of Defense on Friday said the Memorandum of Understanding (MOU) that includes provisions of military support to the Peshmerga forces signed between the Kurdistan Regional Government (KRG) and the United States was carried out with and after the approval of the Iraqi central government.

The defense ministry released a statement refuting claims the agreement was signed without Baghdad’s approval and stressing the MOU was meant to support Peshmerga forces with financial and military aid.

The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq’s sovereignty.

“Approval has been obtained from the Iraqi government for the aid for the Peshmerga Forces but the preconditions were indicated by the U.S.,” the statement read…

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

tlm724 (Dinar Guru) –  Here are the statistics I want to share with you all: CIA The World Factbook:  COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD:  Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.

RANK RESERVES OF FOREIGN EXCHANGE AND GOLD: 

37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST  

49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST

Isn’t that pretty ? Iraq has quite a bit more gold and reserves…   [post 2 of 2]
______________________________________________________________

tlm724 (Dinar Guru) –  I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait’s exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar.  The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table.  The overall standard of living still depends on the central government passing major policy reforms and laws…and that too is being addressed, it is just a matter of time.  …I did some research so I could answer that old question:  Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some!  [post 1 of 2….stay tuned]
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Bondlady (Dinar Guru) –    Article:  “Exchange rate and disinformation”  Quote:  “Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…”  …this is a good article an could very well mean even better for us than what its saying…the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they’ve done the last few times they’ve been ready to move the dinar rates or do something with the currency…we all know its long over due…this is definitely different than the last 10 plus years…I really do expect things to change in a big way with the new agreements made with talibani…art 140…hcl… several more huge things…I believe we will see those come to light very soon…hang in there every one …its lookin very good for us all imo.
______________________________________________________________

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

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

______________________________________________________________

Indicative rates – 07.22.2015

http://www.cbi.iq/

______________________________________________________________

A man’s rights rest in three boxes. The ballot box, jury box and the cartridge box. – Frederick Douglass

______________________________________________________________

*** Current News ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG in DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

rcookie (Dinar Guru) –   Article: “Exchange rate and disinformation…Mohammed Sharif Abu Mayssam” Quote:  “…repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar…”   WOW!..A LOT GOING ON HERE!   BRINGING PARALLELS TO FOREIGN RESERVES VALUE RELATIVE TO CURRENT IQD VALUE RATIO…AND WARN OF GUARDING AGAINST THEORIES SUPPORTING THAT AS THE ONLY OR MOST IMPORTANT MARKER…AND GUARD AGAINST OVERVALUING AGAINST CURRENT IMPORT STATUS FOR TRADE CONSIDERATIONS…THAT AUTHOR… MAYSSAM IS A VERY WELL RESPECTED ECONOMIST WRITER FOR ALSABBAH…BUT MANY OF THE POINTS MADE ARE SHARED BY MANY IRAQI ECONOMISTS…
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tlm724 (Dinar Guru) –  “IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?”   “IMF says no reason to devalue Iraqi Dinar“.   I found the direct quote by the IMF mission chief for Iraq Christian Josz on July 14, 2016 on the IMF site…
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Dinar Updates “The After Call – ReDux”!!

“Immediately following News Time!!”
from 7/18 – “After Call” w/Q&A!!

Smart phone user link – Click here

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wmawhite (Dinar Guru) –   “IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE…”  This is truly preparing for opening the ISX for international investors.
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rcookie (Dinar Guru) –   “IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE…”   “…TO INCREASE FOREIGN INVESTMENT IN ISX AND COMMUNICATING DATA TO MARKETPLACE AND LAUNCHING A REAL TIME ONLINE TRADING PLATFORM…”  THIS IS ABSOLUTELY HUGE…!  DATA SERVICES CENTER FOR DISSEMENATION OF INVESTMENT AWARENESS!…SEC EXPERTS COMING TO TOWN… OPERATIONAL PERFORMANCE OF BANKS…WOW.  DO YOU THINK THAT HAS ANYTHING TO DO WITH THE WORKSHOP ON 26-28 ON ICAAP…IN SYRIA…IT IS ALL COMING TOGETHER FOLKS.
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Delta (Dinar Guru) –   FROM IRAQI TV:  “John Kerry praises at a news conference with Iraqi Prime Minister Haider al-Abadi , but said ” we would like to see some reforms faster .”  EVEN JOHN KERRY WANTS ABADI TO MOVE FASTER. [It’s my understanding that we are sending 500 more troops over there…]  US PRESENT IN IRAQ IS VERY IMPORTANT, ABADI KNOWS THAT. ABADI WILL GET THE REFORM DONE, AND I BELIEVE HE IS WAITING FOR THE RIGHT TIMING…ALSO REMEMBER THE US WILL HELP THEM TO START THE FINANCIAL REFORMS IN THE CBI. IMO STARTNG NEXT WEEK WE SHOULD SEE SOME ACTION TAKING PLACE.
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)

______________________________________________________________

Aggiedad77 (Dinar Guru) –   …some folks are getting anxious for conclusive action…but I for one continue to give Abadi a great deal of credit for the effort and work he has put into Iraq as their leader…Abadi is fighting war on many fronts, not just with DAASH/ISIS, but with major corruption in all areas of Iraq, and especially so with some higher level government officials who do not want to see their little kingdoms broken down, so they fight him every step of the way…he’s still got the likes of Maliki…he has to contend with Iran…all in all he’s doing better than most want to give him credit for…hard-headed, shrewd, and very smart…he is…he now has the resignations of those who may have been pushing against him…and he has the opportunity to insert those technocrats he wanted to start with…Let’s hope they hit the ground running…my opinion about Mosul…it’s coming…and I’m thinking it won’t take until October to start things…in all likelihood things will be done by October…IMO.
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mike (Dinar Guru) –   B- Moody’s credit rating and all the other stuff just screams that Iraq isn’t handling their business right now.  Here’s hoping the IMF leverages the billions they’re giving Iraq to change their ways and move this country forward. No more money unless you conform. Period. At least the plan is still in play, we just need the politicians to…get to work.  [post 2 of 2]
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mike (Dinar Guru) –  Article:  “America Announces more than two billion dollars to collect the donor conference for Iraq”   For years I’ve heard about the vast wealth of Iraq and yet, here we are, throwing donor conferences and raising $2.1 billion dollars for these folks. They’ve already borrowed against their SDR holdings and the IMF is loaning an additional $5.5 billion over the next three years. These guys don’t look so wealthy to me. In fact, they look broke as hell.  It’s clear the interest the US and other western countries show Iraq has nothing to do with making money. It’s more about keeping them from sliding down the slippery slope of corruption and greed and dragging the whole ME down with them.  [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) –     Article:  “LEGAL EXPERT STATES CONSTITUTION DOES NOT ALLOW FOR QUESTIONING OF MINISTERS WHO HAVE HAD RESIGNATIONS ACCEPTED…”   Yep…if you don’t want to be questioned…get the heck out of Dodge…resign.
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rcookie (Dinar Guru) –  Article:  “ABADI ACCEPTED SHARASTINI RESIGNATION TODAY…”   NEWS THAT ABADI WILL BE ADDRESSING REPLACING RESIGNATION POSITIONS NEXT WEEK.  Article:  “LEGAL EXPERT STATES CONSTITUTION DOES NOT ALLOW FOR QUESTIONING OF MINISTERS WHO HAVE HAD RESIGNATIONS ACCEPTED…”  THERE IT IS…SOME UNDERPINNINGS TO THESE 7 RESIGNATIONS IN THE LAST 2 DAYS…IF RESIGNATIONS ACCEPTED …CANT BE QUESTIONED BY PARLIAMENT. 
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Frank26 (Dinar Guru) –     …companies are agreeing with them and signing contracts…  as an international company…we will come in…we will follow all your rules and laws and regulations that you want…with your banks…your currency…your government… your everything…but we want our rate of return to be equal or at least profitable…and at a program rate we would lose money…IMO…the majority of the contracts…are set to expire sometime around October.  The auctions will end…the multi-currency policy will end…and it is ending…The auctions…the multi-currency policy…the MCP…and the rate…increasing must all occur together…And for people who say…I don’t see…advancement…I don’t see anything good going on…are you kidding me.   [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 07-17-16

Currency Auctions Announcement No. 3240

This daily currency auction was held in the Central Bank of Iraq on the 07-17-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) –    The United Nations did not meet in April or May…it bummed us out because it gave us less hope for…July...but we are excited because the UN is meeting with Iraq now...IMO…they are meeting with Iraq because of what they are doing to remove Article 8…we want to see things faster…but this is a logical approach and…there are a ton of moving parts…and as far as what is going on with the Iraqi Stock Exchange and the IEX…there are things that are going on with currencies that we don’t need to talk about…Why would a company sign with Iraq if they didn’t think they were going to get their rate of return back…   [post 1 of 2….stay tuned]
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Islandg1211 (Dinar Guru) –   …while the 2nd HALF of 2016 (and into the next 3 years) is for the RECONSTRUCTION PHASE – the SBA/Marshall Plan, and for liberating Mosul.  IMO, the PLAN IS TO RV AFTER THE WAR PHASE to kick off the RECONSTRUCTION PHASE… When this plan for the Monetary Reform, the commitment to liberate Mosul, and the multi-year reconstruction was outlined, the RV WAS INCLUDED. But, the GOI has been non-effective for the entire 1st half of the year.  THEY STILL NEED TO PASS THE INVESTMENT LAW AMENDMENT. THIS NEW JUNE LOI STATES THAT “AS A FIRST STEP” THE INVESTMENT LAW WILL BE INTRODUCED BY THE COM. The Anti-Money Laundering Law needs some additions that the IMF wants to see as well.  [post 2 of 2]
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Islandg1211 (Dinar Guru) –  WHY DID WE NOT SEE THE RV “BY MID-YEAR”?  NONE OF THE REFORMS that had been planned got done in the first half of the year.  PRESUMABLY, THE RV IS VERY MUCH A PART OF THE PLAN FOR THIS YEAR IN ORDER TO ADDED VALUE AND HELP WITH THE RECONSTRUCTION OF IRAQ IN ADDITION TO ALL THESE LOANS AND GRANTS.  THE GOI STILL NEEDS TO PASS THE INVESTMENT LAW AMENDMENT.  I’m still encouraged that the Monetary Reform is, in fact, being planned by the U.S./IMF with coordination with other countries, the World Bank, and the UN.  A lot of money is expected to pour into Iraq such as: IMF loans, WB aid, UN aid, Other countries’ aid, Private sector loans, Bond sales, Deferred Paris Debt.   ALL OF THIS MONEY POURING INTO IRAQ IS UNPRECEDENTED.   …the 1st HALF of 2016 was getting Iraq (mostly the CBI) in position to receive these LOANS FOR THE RV…  [post 1 of 2….stay tuned]
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Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):…

Read More: www.dinarupdates.com/blog/
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Adam Montana (Dinar Guru) –    Iraqi Parliament does have an influence. The governing bodies in Baghdad and Erbil, the powerful Shiites and Sunnis, and the elected officials that you hear about – they have an influence. Their specific influence, at this time, is regarding the progress of the HCL. We expect to hear that news very soon. But at the end of the day, not one of them can do what the CBI can do… the CBI is the only thing that can change the rate. That’s where we are…Final thought….GO HCL!   [post 3 of 3]
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Adam Montana (Dinar Guru) –    When it comes time to RV, Iraq itself isn’t even the controlling factor. Parliament is not the controlling factor. Abadi is not the one that will “push the button”, nor will Shabibi or the IMF. In fact...an article earlier…shows exactly how little the IMF has to do with anything… they are more and more becoming a useless organization with no more actual influence over the rate of the dinar than the UN has over North Korea. The controlling entity is, and always will be, the CBI – Central Bank of Iraq. And the reason why is extremely simple – because THEY are the ones that regulate and operate the auctions, which is where the rate is set.  That’s it. End of story.   [post 2 of 3….stay tuned]
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Adam Montana (Dinar Guru) –    As of today, we do not have an RV.  I believe that’s because we don’t have an HCL, but this isn’t an entirely bad thing. I say that specifically because there is no reason to believe the HCL will not go through… it’s just not happening as fast as we want. Since we can’t control the HCL, or the rate of the IQD for that matter, let’s focus for a minute on something that we CAN explain… “Who, or what, exactly, controls the rate of the IQD?”   In the past, there have been a lot of questions about who controls the rate, what entities can influence an RV, does X or Y or Z have to approve, and so on. Let’s break this down, and we will all walk away better educated!  [post 1 of 3….stay tuned]
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

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Indicative rates – 07.20.2015

http://www.cbi.iq/

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The greatest remedy for anger is delay. – Thomas Paine

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*** Current News ***

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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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wmawhite (Dinar Guru) –  Citibank stated that it is working with the Trade Bank of Iraq to remove the obstacles to the Iraq currency to move freely around the global.
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rcookie (Dinar Guru) –   […isn’t this one big puzzle that corruption has to be stabilized to enhance these investments and protect the investor.]  CORRUPTION IS BEING STABILIZED ON A DAILY BASIS WITH THE ASSISTANCE OF EVERY WORLD AGENCY IMAGINABLE…UST…UN…WB…IMF AND THEIR OWN INVESTIGATIVE AGENCIES.
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Frank26 (Dinar Guru) –   Jubouri fired a bunch of ministers…and those seats have to be filled…that way you are compliant with Article 8… yes you are becoming Article 8 compliant…is it in effect…no…because the UN still has not removed Article 8…and also because the UN is just now meeting…and in all honesty you know it is going to take them a month to deal with these meetings…I’m not looking at September…I’m looking at October…they are doing all of the things really fast…so…IOO…we have calculated into September/October.   [post 2 of 2]
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Dinar Updates “The After Call – ReDux”!!

“Immediately following News Time!!”
from 7/18 – “After Call” w/Q&A!!

Smart phone user link – Click here

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Frank26 (Dinar Guru) –   IMO….I feel that we are very close…IMO there are some things being done right now…not only with the Iraqi dinar but with many currencies around the world…  I don’t think the topics or subjects that are being dealt with right now with currencies around the world is something we should get deep into…I don’t.  If we truly are…this close to the fire…don’t get so close that you burn yourself…observe it from a distance and prepare yourself to deal with that fire.    [post 1 of 2….stay tuned]
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Bondlady (Dinar Guru) –    Article:  “Nouri al-Maliki met the Kurdish politicians in Sulaymaniyah”  Quote:  “In a visit to the opponents of Massoud Barzani, the Kurdish politicians in Iraq, met Monday July 18th president of a coalition of state law, Nuri al-Maliki…”  this…was a super important meeting between the 2 largest blocks in parliament…they are also friends and have been for years, or at the very least political friends and yes allies …these 2 agreed on many many things in the past…it was called the erbril agreement…now that the union between kurds an erbril has been signed theres gonna be a lot of coming together instead of always throwing wrenches in the mix...this union makes majority things happen and forces blocks to make concessions, FOR THE BETTERMENT OF THE COUNTRY…this was the push they needed to…come together as a team…im really looking forward to seeing them finally getting there shxx together and I believe we will see all the laws needed to be passed come to light…huge big laws and enactments…
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rcookie (Dinar Guru) –   Article:  “World Bank and Government of Japan to Promote Inclusive Growth and Private Sector Development in Iraq”    THIS DIRECTLY FROM WORLD BANK WEBSITE…SO…WORLD BANK AND GOVERNMENT OF JAPAN ANNOUNCING SERIES OF 4 NEW GRANTS FROM JAPAN OF $2.1 MILLION TO SUPPORT IRAQS DEVELOPMENT & REFORM PROGRAMS TO ENHANCE INSTITUTIONAL EFFICIENCY AND PROMOTE GROWTH…HMMMM SOUNDS LIKE INSTITUTIONAL STABILITY.  WOW!
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Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)

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tlm724 (Dinar Guru) –   Article:  “Kurdish lawmaker: redraft the constitution of the new needs to be a political consensus”   Quote:  “…the main components in Iraq, despite the installation of their rights in the Constitution but did not get them, referring to Article 140 of the Constitution…”   he is right, they never finished what they started with article 140.   …the gist of the whole thing…the disputed territories…without a resolution things will never get settled and run smoothly…having said that I do believe they are on the right track and trying to get and keep it together…
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wmawhite (Dinar Guru) –   Article quote:  “NATIONAL COALITION TO HOLD REGULAR MEETING TO DISCUSS REGIONAL & NATIONAL DEVELOPMENTS…”   Iraq is beginning to pull together the “REGION”…The regional business leaders see what is happening.
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rcookie (Dinar Guru) –   Article quote:  “CITIZEN BLOC REP SHAWKI REVEALS NAMES OF 19 MP’S FOR REMOVAL OF IMMUNITY IN PREVIOUS SESSION WITH 3 REMAINING NEEDED FOR CURRENT SESSION DUE TO VIOLATION OF ABSENCES RULES…”  WE HAVE HEARD A LOT ABOUT THIS IN LAST WEEK OR SO…JABOURI IN HOT PURSUIT OF MP’S IN VIOLATION OF ABSENCE LIMITS…16 FROM PREVIOUS SESSION…3 CURRENT…HOLDING FEET TO THE FIRE OF HIGHER STANDARDS… INSTITUTIONAL STABILITY….
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Iraqi Dinar/Dollar auction (most recent listing) 07-20-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-20-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) –   Article quote:  “PARLIAMENT CALLS FOR NAMES SUBMITTED FOR COMMITTEE SELECTION TO AMEND THE IRAQI CONSTITUTION AND SUBMIT PROPOSAL FOR PUBLIC REFERENDUM...”    THIS IS HUGE AS UNDERPINNINGS FOR LAWS THAT REQUIRE CONSTITUTIONAL AMENDMENT ALREADY UNDER WAY!  THIS COMMITTEE WILL BE CHARGED WITH CHANGING IRAQI CONSTITUTION IN REGARDS TO SOME LAWS TO BE AMENDED…AND PUT TO PUBLIC REFERENDUM.
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wmawhite (Dinar Guru) –     [with them entering the world heritage lists. what are your thoughts on the these new commemorative bank notes?]   Still…commemorative notes of a currency that is got used by its own country in paying its own bills?  This came about after the parliament and the GOI ratified the United Nations Educational, Scientific and Cultural Organization “UNESCO” requirements. Iraq then requested for the inclusion of the ancient cities and the marshes in the south to be placed on the World Heritage List.  This is the action of a country that believes it has a future and it wants its heritage recognized as well as protected. Good for them.
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rcookie (Dinar Guru) –   Article quote:  “PALIAMENT LEGAL COMMITTEE ANNOUNCES FEDERAL COURT LEGAL INCLUSION FOR PUBLIC VOTE ON GENERAL AMNESTY LAW NEXT WEEK AND JABOURI TO PUBLISH NAMES OF DEPUTIES WHO REFUSE TO VOTE WHILE DECLARING NATIONAL GUARD LAW NOT READY AT THIS TIME WITH MAJOR DIFFERENCES…”   WOW SO YOU HAVE IN INK AMNESTY AND FED COURT READY AND DELAY ON NAT GUARD…WHICH WILL NOT HAPPEN…
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Iraqi Dinar/Dollar auction (most recent listing) 07-17-16

Currency Auctions Announcement No. 3240

This daily currency auction was held in the Central Bank of Iraq on the 07-17-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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tlm724 (Dinar Guru) –   Article:  “Central bank: issuing banknotes commemorate the annexation of the marshes of the World Heritage List”   Quote:  “Central Bank of Iraq , congratulated the Iraqi people on the occasion of the inclusion of the marshes and archaeological sites in Iraq as part of the World Heritage list.”    thats how important this is! The CBI is going to introduce a commemorative banknote to commemorate this important event and you can bet I will get a few of them…
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Bondlady (Dinar Guru) –   Article:  “The Iraqi opposition is preparing for the establishment of the International Trade Fair”   imo, the world is really really opening its eyes and minds of the huge investment potentials to be had in Iraq,   …the marshes being protected by the world now will help security and also cuts down on countries holding Iraq water hostage, ((neighboring country fights where waters concerned)) which harms the marshes, and supports stability in many areas in Iraq…awesome Iraq keep moving forward.
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Aggiedad77 (Dinar Guru) –    Article:  “THE WORLD BANK AND THE GOVERNMENT OF JAPAN TO BOOST INCLUSIVE GROWTH AND DEVELOPMENT OF THE PRIVATE SECTOR IN IRAQ”  Keep in mind…that this money spoken of here is completely different than the “loans” the IMF has provided to Iraq…and in much of the situations where this arm of the WB is involved…this money does not require payback…but…the WB is getting involved to provide oversight on how the money will be used, where it will be used, and what programs get earmarked for it…can you say “ORGANIZATION”.  That is a good thing…these private sector entities are being pulled together and targeted for funds and assistance in a way that will promote “reforms” and the “private sector” for Iraq…more of the progress we want and need to see for them.
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Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):…

Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –   [...I thought that parliament was working all week to finish up 70 laws?   Is the statement about them coming back next week wrong…?]  THEY ARE WORKING ALL WEEK...THEY VOTED ON 3 AND READ 3 TODAY IN ADDITION TO CLOSED COMMITTEE MEETING OF KARRADA BOMBING INVESTIGATION AND COMPENSATION AND CARE OF VICTIMS TREATMENT IN TEHRAN…BY ALL REPORTS THE AMNESTY LAW HAS BEEN REVISED AND READIED FOR VOTE…
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Frank26 (Dinar Guru) –   [At first I was a little excited about “give me Mosul” and then things move quickly. Now its forget Mosul cos we’re not looking for that anymore. Yes, we have made great strides this year with their accomplishments but i can’t help but stop getting excited when i see you excited.]  For me to say we no longer need the liberalization of Mosul because we have it And upgrade it with we NOW seek the removal of the Program Rate…Leaves You depressed … Is confusing to my comprehension of an amazing progress.  One final thing …My Excitement is Serious.
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Aggiedad77 (Dinar Guru) –     Article:  “Distribution of financial grants to displaced families in Babylon”   I’m surmising here that the “instrument” for distribution of these funds to the families is likely some kind of card…electronic card…for protection of all involved…another positive sign of good things already in the works…patience…the BEST is yet to come.
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

______________________________________________________________

http://www.cbi.iq/

Indicative rates – 07.18.2015

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Small minded people believe you are rejecting morality when you reject their visions of morality. – Will Spencer

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*** Current News ***

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Frank26 (Dinar Guru) –   [At first I was a little excited about “give me Mosul” and then things move quickly. Now its forget Mosul cos we’re not looking for that anymore. Yes, we have made great strides this year with their accomplishments but i can’t help but stop getting excited when i see you excited.]  For me to say we no longer need the liberalization of Mosul because we have it And upgrade it with we NOW seek the removal of the Program Rate…Leaves You depressed … Is confusing to my comprehension of an amazing progress.  One final thing …My Excitement is Serious.
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Aggiedad77 (Dinar Guru) –     Article:  “Distribution of financial grants to displaced families in Babylon”   I’m surmising here that the “instrument” for distribution of these funds to the families is likely some kind of card…electronic card…for protection of all involved…another positive sign of good things already in the works…patience…the BEST is yet to come.
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Monday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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wmawhite (Dinar Guru) –   …Maliki still leads a political bloc, all though a minor bloc. Think of a political bloc as an union. A political union within the Iraqi Parliament. If you understand this, it is very understandable that the head of a bloc/union will always be negotiating with other political blocs as well as their leaders.  This is life…it is the way their political life runs from day to day.
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Aggiedad77 (Dinar Guru) –   Article:  “Water Resources: join the marshes World Heritage upstream countries will be required to secure its share of water”  [Being included on this list assures UN protection of Iraq’s water supply from neighboring countries upstream … no one can threaten them using the water as a weapon without having to face UN intervention … a sense of security IMO.]  I so agree with your comment…this is an extraordinary move on Iraq’s part…not only to preserve its marshlands but also something that …will become very near and dear to Iraq and all of the Middle East…water…an important commodity in a desert land of vast magnitude…this will pay dividends to the Iraqi’s in the future…IMO…why is this important…it shows that Iraq is looking ahead to what they hope to be a bright future for them and they want to be that “oasis” that brings people together…IMO.
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mike (Dinar Guru) –   Article:  “Urgent calls Jubouri blocs to nominate names for the formation of a committee to amend constitution”   Great, another committee formed to tackle what? The constitution of Iraq. I was hoping Iraq would deal with the immediate issues instead of tackling such a huge task. These guys can’t agree on the small stuff, how in the world do they think they’re going to achieve quorum on something as big as the constitution? 
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Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
7/18 – LIVE CALL w/Q&A!!

from 7/13 – Smart phone user link – Click here

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rcookie (Dinar Guru) –   PARLIAMENT TODAY…VOTED IN PRESENCE OF 236 DEPUTIES…SALE & LEASE OF STATE PROPERTY LAW NO. 21 (2013)  AS WELL AS PLANNING FOR COMMITTEE TO AMEND CONSTITUTION…1ST READING ON 5 BILLS AS WELL AS DISCUSSION TO LIFT IMMUNITY FOR 9 MP’S…17 TOTAL MP’S BUT 8 HAVE RETIRED AND NO LONGER HAVE IMMUNITY…LEGAL AFFAIRS COMMITTEE WILL DECIDE WITHIN 2 WEEKS…AS WELL AS PURSUIT TO DISMISS MP’S WHO HAVE EXCEEDED ABSENTEE THRESHOLD…ABSOLUTELY HUGE LEGISLATIVE DAY…AND SETTING UP WHAT LOOKS TO BE HUGE LEGISLATIVE WEEK AND SESSION TERM…
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wmawhite (Dinar Guru) –   [What would they need to safeguard and protect if they were just going to stay at 1166. Or not enter the global economy?  1166 is there current safeguard.]  Very good point…one of the current safeguards is the lack of value.  Banks outside of Iraq is no upside to accept (exchanging and holding) the IQD because of its value. In other words, they do not see it as an asset to hold. So, as…you ask, what is there to safeguard?    unless…?
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rcookie (Dinar Guru) –   Article:  “Jabouri to calls for the nomination of the names of the committee to amend the constitution within one week”  THIS IS HUGE…THE TABLE IS SET AND GROUNDWORK LAID FOR THE COMMITTEE TO OVERSEE CHANGES TO IRAQI CONSTITUTION THAT ARE ON TABLE AND CUED UP…  CONSTITUTIONAL AMENDMENT AND REVIEW COMMITTEE NAMED TODAY…THEY HAVE SET THE TABLE FOR THE PARLIAMENT TO GET DONE WHAT THEY NEED TO…70 PLUS LAWS ON TABLE…INCLUDING ONES THAT INVOLVE CONSTITUTIONAL AMENDMENT…
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Iraqi Dinar/Dollar auction (most recent listing) 07-17-16

Currency Auctions Announcement No. 3240

This daily currency auction was held in the Central Bank of Iraq on the 07-17-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Mountainman (Dinar Guru) –   REMEMBER Sept 2,2016 is The NEW DIGITAL PLATFORM for NEW VALUES…OCT 1, 2016 is the NEW FISCAL YEAR and MANY Countries will and have been in the FINAL PUSH to Make Necessary Deals in ORDER to Settle DEBTS in the CURRENT FIAT SYSTEM…Don’t FORGET (OIL) will Be SETTLING SDR ACCOUNTS in OCTOBER as Well…
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Backdoc (Dinar Guru) –   HOWEVER, THE IMF DIDN’T SAY THAT THEY WOULD SHOW US THE RATE THEN.  IN MY OPINION, THIS TRANSITION BETWEEN THE TWO REALITIES NEEDS TO HAPPEN IN ORDER TO SEE A RATE.  BE ENCOURAGED THAT THE ANNOUNCEMENT OF THIS IEX SYSTEM COULD BE MOVED UP AT ANY TIME!  THEREFORE, NOBODY CAN PICK A DATE.  MY CURRENT STUDY BEGINS ON SEPTEMBER 2ND (UNLESS THAT ANNOUNCEMENT CHANGES) AND ENDS IN MID OCTOBER FOR MANY REASONS!  ALL OF COURSE IS JUST MY OPINION AND NOT INTENDED TO OFFEND ANYONE ELSE’S OPINIONS.  [post 2 of 2]
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Backdoc (Dinar Guru) –   …CURRENTLY THE IEX WHICH IS WHERE ALL ASSET BACKED DIGITAL CURRENCIES WILL BE TRADED DOES NOT FORMALLY EXIST TO THE PUBLIC UNTIL SEPTEMBER 2ND!  IF IRAQ WERE TO LAUNCH A RATE AT THIS TIME, THE ONLY PLACE IT COULD SHOW IS ON THE CBI WEBSITE, NOT ON THE FOREX, BECAUSE IRAQ IS ASSET BACKED AND THE FOREX ISN’T!  HOW WOULD THE PUBLIC TRADE ITS CURRENCY GLOBALLY WHEN THE SYSTEM TO TRADE IT DOESN’T FORMALLY EVEN EXIST UNTIL SEPTEMBER 2ND?  REALIZE THAT THE IMF TOLD US THAT ALL WOULD BE DONE BY MID YEAR, RIGHT?  RIGHT!  IN MY OPINION, IRAQ DID GET THINGS DONE, OTHERWISE THE IMF WOULD NOT HAVE GIVEN THEM THE LOAN.  [post 1 of 2….stay tuned]
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Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF  (photo: Sabah Arar/REX/Newscom)

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

• Iraqi economy faces double shock of lower oil prices, rising security challenges
• IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
• Program includes measures to protect the poor, curb corruption

The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability…

Read More: www.dinarupdates.com/blog/
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Islandg1211 (Dinar Guru) –   So, according to the LOI, the RV should be after the Investment Law is passed and before the end of the year.  I think it’s important that everyone understand that we should watch for the Investment Law, not worry about the GOI delaying this too much longer, and that YES, this RV is still being planned for before the end of the year.  Mosul as well is a go now that the agreement is made with Barzani. Abadi now is talking about Political reform being put off for now until after Mosul and after the RV.   [post 3 of 3]
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Islandg1211 (Dinar Guru) –   The LOI states that’s there’s a loophole clause within Iraq that if the oil price is different from the budgeted price, then the Budget can be cut without another vote. So, the IMF settled that one too. The Budget was cut…to 85%.  I just gave two examples of the IMF using this LOI to get around the GOI. Well done IMF. What a difference this year is to previous years. The IMF has a plan. So the RV will come AFTER the Investment Law but BEFORE the crackdown on proving why you need USDs. The LOI states that the CBI will only have weekly auctions and will require proof of why USD is needed “by the end of the year.”  [post 2 of 3….stay tuned]
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Islandg1211 (Dinar Guru) –   The June 2016 LOI with the IMF states that the CBI should stop the MCP and work towards Article VIII compliance and that they should first pass the Investment Law.  So, when will we see the RV?  (IMO) WE WILL NOT SEE THE RV BEFORE THE INVESTMENT LAW.  It’s plain as day in Article A 14 of the June IMF LOI.  Like me, you, and everybody, the IMF was concerned that the Monetary Reforms could get bottle necked in the GOI should politics decide to either hold it hostage or simple just stall. So, the IMF stated in the LOI that the COM could introduce the Investment Law OR the CBI could make new regulations that cover the same points. Don’t you love that word “OR”!!! Clever of the IMF. This will probably lead to the actual passing of the Investment within the GOI since they know they can’t delay or stop it.   [post 1 of 3….stay tuned]
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Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):…

Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –   […does anyone know what we would like to see happen with Turkey… to help with our investment…Who do we want in control of Turkey?]  Personally – one way or the other, I don’t think it matters that much…  [you do not think what happen over turkey will cause a problem with our investment…?]   I do not.
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rcookie (Dinar Guru) –   Article  “Jubouri: 70 laws will be presented at future meetings .. and near terminate the membership of absentees”   SO… JABOURI TELLING US MORE THAN 70 LAWS CUED UP AND READY FOR VOTE.  YOU THINK PARLIAMENT IS GOING TO BE BUSY THIS WEEK.
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rcookie (Dinar Guru) –    THINK ABOUT THIS RELEVANT TO WHAT WE HAVE IN THE RECENT 2 WEEKS REGARDING THE FOCUS ON RESTRUCTURING CAPITALIZATION WITHIN BANKING SECTOR TO THE TUNE OF 200-400% IN BANKS OF ALL SIZES…NOW…NOT TO BEAT A DEAD HORSE…BUT…AGAIN…THE RECRUITMENT… ACQUISITION AND RETENTION OF FOREIGN INVESTMENT AND BUSINESS INTO IRAQ WAS POSSIBLE WITHOUT THESE TYPES OF FINANCIAL AND ECONOMIC UNDERPINNINGS…1 YEAR…3 YEARS…5 YEARS AGO EXACTLY HOW…JUST A HINT…THEY WERENT…NOT EVER…EVER…EVER…   [post 2 of 2]
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ECONOMIC ADVISER TO EBADI – INTERNATIONAL FUND APPROVES STANDBY CREDIT AGREEMENT WITH IRAQ

BAGHDAD / IBN – Economic Adviser to the President of the Council of Ministers confirmed the appearance of Mohammed Saleh, “The Executive Board of the International Fund approved a standby credit with Iraq on 7 July of the current agreement.

Saleh said on Thursday, in a statement to the Iraqi network transmitter (IBN) “The fund was launched in the history of 12 of July of this batch of the loan allocated for Iraq and the $ 634 million out of the total amount of 5.3 billion dollars.”…

Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –   Article quote:  “The workshop aims to identify the credit risk mitigation, and understand how banks calculate the capital to be allocated to address market risks, and how to calculate standard techniques LCR and NSFR liquidity by the Basel III requirements, as well as understand how conduct stress tests for all types of risk.”    SO THIS BASEL III WORKSHOP IS BEING HELD IN SYRIA JULY 25TH-28TH…THAT COVERS THE MEASUREMENT… MONITORING AND MANAGEMENT OF RISK SYSTEMS IN ACCORDANCE WITH BASEL III REQUIREMENTS RIGHT DOWN TO PRESSURE TESTING SYSTEMS…AND CAPITAL ADEQUACY RATIOS AND WEIGHTING SYSTEMS TO CREDIT RISKS WITHIN THEIR MARKETS WITH ICAAP STANDARDS (INTERNATIONAL CAPITAL ASSET ASSESMENT PROCESSES)…  [post 1 of 2….stay tuned]
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tlm724 (Dinar Guru) –   Article:  “Iraq moves to Turkey after refusing inclusion of the marshes in the World Heritage List” …it looks like France, Turkey and Iran had objections to the Iraqi marshes being included on the list.  France looks like they may be ok with it and they can negotiate with Iran but Turkey is gonna be a problem…first off as we all know Turkey is in a bad way as of today, too much uncertainty and its a power thing with this water.  [Guru] BondLady explained in a desert region water is like gold and Turkey controls the spigot that lets water flow to Iraq.  I pray they can work this out! The marshes are critical to civilization and must be preserved and nurtured.
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wmawhite (Dinar Guru) –    bottom line is; look around the region and ask …”when Iraq is compared to the other countries and their GDP is the true value of Iraq reflected in their currency at $0.00086?” Simply; No. And this is why Iraq does not use it and that there are obstacles preventing it from being used as Citibank stated. IMO, when those obstacles are removed and the movement of the IQD is freed, IMO the CBI will move the value of the IQD to reflect its true value.
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________
mike (Dinar Guru) –   Article:  “Moody’s credit rating: Iraq’s agreement with the International Monetary Fund will reduce its budget problems”   I think Iraq has a ways to go to improve their credit rating with Moody’s.  What is a ‘Sovereign Credit Rating’:   “A sovereign credit rating is the credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks. At the request of the country, a credit rating agency will evaluate the country’s economic and political environment to determine a representative credit rating. Obtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets.”  While I do believe things are and will get better in Iraq, they have to get Parliament to a functional state passing the needed legislation for economic advancement and political cohesion. Making payments to the Paris Club and the Kuwaiti’s would also be a good thing.
______________________________________________________________

tlm724 (Dinar Guru) –   Article quote:  “The illegal border crossings and projects revenue project Sakona most prominent on the agenda of the Commission’s new legislative term.”  yep they gotta secure those borders, stop illegal crossing and collect tariffs!   It’s all part of the security and revenue plan and is part of the security Shabibi said was needed…wink!
______________________________________________________________

Poppy3 (Dinar Guru) –    …ALL THE NEWS IN THE WORLD ABOUT POLITICS IN IRAQ NEVER HELP ANY OF US GET CLOSER TO THE REAL RV.  I BEEN AT THIS LONGER THAN MOST AND I ASSURE YOU THE NEWS GETS US NO CLOSER TO ANYTHING…ONLY ACTIONS ON THE NEWS IS WHAT COUNTS.   90% OF THE NEWS WAS NEVER ACTED ON TILL HERE IN THE LAST FEW MONTHS BUT FOLLOW THE ACTIONS AND YOU’LL HAVE A REASONABLE IDEA ABOUT THE REST OF OUR WAIT. 
______________________________________________________________

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

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

______________________________________________________________

Indicative rates – 07.17.2015

http://www.cbi.iq/

______________________________________________________________

Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you. – Pericles (430 B.C)

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*** Current News ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Monday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

wmawhite (Dinar Guru) –   [What would they need to safeguard and protect if they were just going to stay at 1166. Or not enter the global economy?  1166 is there current safeguard.]  Very good point…one of the current safeguards is the lack of value.  Banks outside of Iraq is no upside to accept (exchanging and holding) the IQD because of its value. In other words, they do not see it as an asset to hold. So, as…you ask, what is there to safeguard?    unless…?
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Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
7/18 – LIVE CALL w/Q&A!!

from 7/13 – Smart phone user link – Click here

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rcookie (Dinar Guru) –   Article:  “Jabouri to calls for the nomination of the names of the committee to amend the constitution within one week”  THIS IS HUGE…THE TABLE IS SET AND GROUNDWORK LAID FOR THE COMMITTEE TO OVERSEE CHANGES TO IRAQI CONSTITUTION THAT ARE ON TABLE AND CUED UP…  CONSTITUTIONAL AMENDMENT AND REVIEW COMMITTEE NAMED TODAY…THEY HAVE SET THE TABLE FOR THE PARLIAMENT TO GET DONE WHAT THEY NEED TO…70 PLUS LAWS ON TABLE…INCLUDING ONES THAT INVOLVE CONSTITUTIONAL AMENDMENT…
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Iraqi Dinar/Dollar auction (most recent listing) 07-17-16

Currency Auctions Announcement No. 3240

This daily currency auction was held in the Central Bank of Iraq on the 07-17-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Mountainman (Dinar Guru) –   REMEMBER Sept 2,2016 is The NEW DIGITAL PLATFORM for NEW VALUES…OCT 1, 2016 is the NEW FISCAL YEAR and MANY Countries will and have been in the FINAL PUSH to Make Necessary Deals in ORDER to Settle DEBTS in the CURRENT FIAT SYSTEM…Don’t FORGET (OIL) will Be SETTLING SDR ACCOUNTS in OCTOBER as Well…
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Backdoc (Dinar Guru) –   HOWEVER, THE IMF DIDN’T SAY THAT THEY WOULD SHOW US THE RATE THEN.  IN MY OPINION, THIS TRANSITION BETWEEN THE TWO REALITIES NEEDS TO HAPPEN IN ORDER TO SEE A RATE.  BE ENCOURAGED THAT THE ANNOUNCEMENT OF THIS IEX SYSTEM COULD BE MOVED UP AT ANY TIME!  THEREFORE, NOBODY CAN PICK A DATE.  MY CURRENT STUDY BEGINS ON SEPTEMBER 2ND (UNLESS THAT ANNOUNCEMENT CHANGES) AND ENDS IN MID OCTOBER FOR MANY REASONS!  ALL OF COURSE IS JUST MY OPINION AND NOT INTENDED TO OFFEND ANYONE ELSE’S OPINIONS.  [post 2 of 2]
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Backdoc (Dinar Guru) –   …CURRENTLY THE IEX WHICH IS WHERE ALL ASSET BACKED DIGITAL CURRENCIES WILL BE TRADED DOES NOT FORMALLY EXIST TO THE PUBLIC UNTIL SEPTEMBER 2ND!  IF IRAQ WERE TO LAUNCH A RATE AT THIS TIME, THE ONLY PLACE IT COULD SHOW IS ON THE CBI WEBSITE, NOT ON THE FOREX, BECAUSE IRAQ IS ASSET BACKED AND THE FOREX ISN’T!  HOW WOULD THE PUBLIC TRADE ITS CURRENCY GLOBALLY WHEN THE SYSTEM TO TRADE IT DOESN’T FORMALLY EVEN EXIST UNTIL SEPTEMBER 2ND?  REALIZE THAT THE IMF TOLD US THAT ALL WOULD BE DONE BY MID YEAR, RIGHT?  RIGHT!  IN MY OPINION, IRAQ DID GET THINGS DONE, OTHERWISE THE IMF WOULD NOT HAVE GIVEN THEM THE LOAN.  [post 1 of 2….stay tuned]
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Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF  (photo: Sabah Arar/REX/Newscom)

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

• Iraqi economy faces double shock of lower oil prices, rising security challenges
• IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
• Program includes measures to protect the poor, curb corruption

The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability…

Read More: www.dinarupdates.com/blog/
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Islandg1211 (Dinar Guru) –   So, according to the LOI, the RV should be after the Investment Law is passed and before the end of the year.  I think it’s important that everyone understand that we should watch for the Investment Law, not worry about the GOI delaying this too much longer, and that YES, this RV is still being planned for before the end of the year.  Mosul as well is a go now that the agreement is made with Barzani. Abadi now is talking about Political reform being put off for now until after Mosul and after the RV.   [post 3 of 3]
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Islandg1211 (Dinar Guru) –   The LOI states that’s there’s a loophole clause within Iraq that if the oil price is different from the budgeted price, then the Budget can be cut without another vote. So, the IMF settled that one too. The Budget was cut…to 85%.  I just gave two examples of the IMF using this LOI to get around the GOI. Well done IMF. What a difference this year is to previous years. The IMF has a plan. So the RV will come AFTER the Investment Law but BEFORE the crackdown on proving why you need USDs. The LOI states that the CBI will only have weekly auctions and will require proof of why USD is needed “by the end of the year.”  [post 2 of 3….stay tuned]
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Islandg1211 (Dinar Guru) –   The June 2016 LOI with the IMF states that the CBI should stop the MCP and work towards Article VIII compliance and that they should first pass the Investment Law.  So, when will we see the RV?  (IMO) WE WILL NOT SEE THE RV BEFORE THE INVESTMENT LAW.  It’s plain as day in Article A 14 of the June IMF LOI.  Like me, you, and everybody, the IMF was concerned that the Monetary Reforms could get bottle necked in the GOI should politics decide to either hold it hostage or simple just stall. So, the IMF stated in the LOI that the COM could introduce the Investment Law OR the CBI could make new regulations that cover the same points. Don’t you love that word “OR”!!! Clever of the IMF. This will probably lead to the actual passing of the Investment within the GOI since they know they can’t delay or stop it.   [post 1 of 3….stay tuned]
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Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):…

Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –   […does anyone know what we would like to see happen with Turkey… to help with our investment…Who do we want in control of Turkey?]  Personally – one way or the other, I don’t think it matters that much…  [you do not think what happen over turkey will cause a problem with our investment…?]   I do not.
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rcookie (Dinar Guru) –   Article  “Jubouri: 70 laws will be presented at future meetings .. and near terminate the membership of absentees”   SO… JABOURI TELLING US MORE THAN 70 LAWS CUED UP AND READY FOR VOTE.  YOU THINK PARLIAMENT IS GOING TO BE BUSY THIS WEEK.
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rcookie (Dinar Guru) –    THINK ABOUT THIS RELEVANT TO WHAT WE HAVE IN THE RECENT 2 WEEKS REGARDING THE FOCUS ON RESTRUCTURING CAPITALIZATION WITHIN BANKING SECTOR TO THE TUNE OF 200-400% IN BANKS OF ALL SIZES…NOW…NOT TO BEAT A DEAD HORSE…BUT…AGAIN…THE RECRUITMENT… ACQUISITION AND RETENTION OF FOREIGN INVESTMENT AND BUSINESS INTO IRAQ WAS POSSIBLE WITHOUT THESE TYPES OF FINANCIAL AND ECONOMIC UNDERPINNINGS…1 YEAR…3 YEARS…5 YEARS AGO EXACTLY HOW…JUST A HINT…THEY WERENT…NOT EVER…EVER…EVER…   [post 2 of 2]
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ECONOMIC ADVISER TO EBADI – INTERNATIONAL FUND APPROVES STANDBY CREDIT AGREEMENT WITH IRAQ

BAGHDAD / IBN – Economic Adviser to the President of the Council of Ministers confirmed the appearance of Mohammed Saleh, “The Executive Board of the International Fund approved a standby credit with Iraq on 7 July of the current agreement.

Saleh said on Thursday, in a statement to the Iraqi network transmitter (IBN) “The fund was launched in the history of 12 of July of this batch of the loan allocated for Iraq and the $ 634 million out of the total amount of 5.3 billion dollars.”…

Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –   Article quote:  “The workshop aims to identify the credit risk mitigation, and understand how banks calculate the capital to be allocated to address market risks, and how to calculate standard techniques LCR and NSFR liquidity by the Basel III requirements, as well as understand how conduct stress tests for all types of risk.”    SO THIS BASEL III WORKSHOP IS BEING HELD IN SYRIA JULY 25TH-28TH…THAT COVERS THE MEASUREMENT… MONITORING AND MANAGEMENT OF RISK SYSTEMS IN ACCORDANCE WITH BASEL III REQUIREMENTS RIGHT DOWN TO PRESSURE TESTING SYSTEMS…AND CAPITAL ADEQUACY RATIOS AND WEIGHTING SYSTEMS TO CREDIT RISKS WITHIN THEIR MARKETS WITH ICAAP STANDARDS (INTERNATIONAL CAPITAL ASSET ASSESMENT PROCESSES)…  [post 1 of 2….stay tuned]
______________________________________________________________

tlm724 (Dinar Guru) –   Article:  “Iraq moves to Turkey after refusing inclusion of the marshes in the World Heritage List” …it looks like France, Turkey and Iran had objections to the Iraqi marshes being included on the list.  France looks like they may be ok with it and they can negotiate with Iran but Turkey is gonna be a problem…first off as we all know Turkey is in a bad way as of today, too much uncertainty and its a power thing with this water.  [Guru] BondLady explained in a desert region water is like gold and Turkey controls the spigot that lets water flow to Iraq.  I pray they can work this out! The marshes are critical to civilization and must be preserved and nurtured.
______________________________________________________________

wmawhite (Dinar Guru) –    bottom line is; look around the region and ask …”when Iraq is compared to the other countries and their GDP is the true value of Iraq reflected in their currency at $0.00086?” Simply; No. And this is why Iraq does not use it and that there are obstacles preventing it from being used as Citibank stated. IMO, when those obstacles are removed and the movement of the IQD is freed, IMO the CBI will move the value of the IQD to reflect its true value.
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________
mike (Dinar Guru) –   Article:  “Moody’s credit rating: Iraq’s agreement with the International Monetary Fund will reduce its budget problems”   I think Iraq has a ways to go to improve their credit rating with Moody’s.  What is a ‘Sovereign Credit Rating’:   “A sovereign credit rating is the credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks. At the request of the country, a credit rating agency will evaluate the country’s economic and political environment to determine a representative credit rating. Obtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets.”  While I do believe things are and will get better in Iraq, they have to get Parliament to a functional state passing the needed legislation for economic advancement and political cohesion. Making payments to the Paris Club and the Kuwaiti’s would also be a good thing.
______________________________________________________________

tlm724 (Dinar Guru) –   Article quote:  “The illegal border crossings and projects revenue project Sakona most prominent on the agenda of the Commission’s new legislative term.”  yep they gotta secure those borders, stop illegal crossing and collect tariffs!   It’s all part of the security and revenue plan and is part of the security Shabibi said was needed…wink!
______________________________________________________________

Poppy3 (Dinar Guru) –    …ALL THE NEWS IN THE WORLD ABOUT POLITICS IN IRAQ NEVER HELP ANY OF US GET CLOSER TO THE REAL RV.  I BEEN AT THIS LONGER THAN MOST AND I ASSURE YOU THE NEWS GETS US NO CLOSER TO ANYTHING…ONLY ACTIONS ON THE NEWS IS WHAT COUNTS.   90% OF THE NEWS WAS NEVER ACTED ON TILL HERE IN THE LAST FEW MONTHS BUT FOLLOW THE ACTIONS AND YOU’LL HAVE A REASONABLE IDEA ABOUT THE REST OF OUR WAIT. 
______________________________________________________________

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

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

______________________________________________________________

http://www.cbi.iq/

Indicative rates – 07.16.2015

______________________________________________________________

Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you. – Pericles (430 B.C)

______________________________________________________________

*** Current News ***

______________________________________________________________

rcookie (Dinar Guru) –   Article  “Jubouri: 70 laws will be presented at future meetings .. and near terminate the membership of absentees”   SO… JABOURI TELLING US MORE THAN 70 LAWS CUED UP AND READY FOR VOTE.  YOU THINK PARLIAMENT IS GOING TO BE BUSY THIS WEEK.
______________________________________________________________

rcookie (Dinar Guru) –    THINK ABOUT THIS RELEVANT TO WHAT WE HAVE IN THE RECENT 2 WEEKS REGARDING THE FOCUS ON RESTRUCTURING CAPITALIZATION WITHIN BANKING SECTOR TO THE TUNE OF 200-400% IN BANKS OF ALL SIZES…NOW…NOT TO BEAT A DEAD HORSE…BUT…AGAIN…THE RECRUITMENT… ACQUISITION AND RETENTION OF FOREIGN INVESTMENT AND BUSINESS INTO IRAQ WAS POSSIBLE WITHOUT THESE TYPES OF FINANCIAL AND ECONOMIC UNDERPINNINGS…1 YEAR…3 YEARS…5 YEARS AGO EXACTLY HOW…JUST A HINT…THEY WERENT…NOT EVER…EVER…EVER…   [post 2 of 2]
______________________________________________________________

rcookie (Dinar Guru) –   Article quote:  “The workshop aims to identify the credit risk mitigation, and understand how banks calculate the capital to be allocated to address market risks, and how to calculate standard techniques LCR and NSFR liquidity by the Basel III requirements, as well as understand how conduct stress tests for all types of risk.”    SO THIS BASEL III WORKSHOP IS BEING HELD IN SYRIA JULY 25TH-28TH…THAT COVERS THE MEASUREMENT… MONITORING AND MANAGEMENT OF RISK SYSTEMS IN ACCORDANCE WITH BASEL III REQUIREMENTS RIGHT DOWN TO PRESSURE TESTING SYSTEMS…AND CAPITAL ADEQUACY RATIOS AND WEIGHTING SYSTEMS TO CREDIT RISKS WITHIN THEIR MARKETS WITH ICAAP STANDARDS (INTERNATIONAL CAPITAL ASSET ASSESMENT PROCESSES)…  [post 1 of 2….stay tuned]
______________________________________________________________

tlm724 (Dinar Guru) –   Article:  “Iraq moves to Turkey after refusing inclusion of the marshes in the World Heritage List” …it looks like France, Turkey and Iran had objections to the Iraqi marshes being included on the list.  France looks like they may be ok with it and they can negotiate with Iran but Turkey is gonna be a problem…first off as we all know Turkey is in a bad way as of today, too much uncertainty and its a power thing with this water.  [Guru] BondLady explained in a desert region water is like gold and Turkey controls the spigot that lets water flow to Iraq.  I pray they can work this out! The marshes are critical to civilization and must be preserved and nurtured.
______________________________________________________________

wmawhite (Dinar Guru) –    bottom line is; look around the region and ask …”when Iraq is compared to the other countries and their GDP is the true value of Iraq reflected in their currency at $0.00086?” Simply; No. And this is why Iraq does not use it and that there are obstacles preventing it from being used as Citibank stated. IMO, when those obstacles are removed and the movement of the IQD is freed, IMO the CBI will move the value of the IQD to reflect its true value.
______________________________________________________________

mike (Dinar Guru) –   Article:  “Moody’s credit rating: Iraq’s agreement with the International Monetary Fund will reduce its budget problems”   I think Iraq has a ways to go to improve their credit rating with Moody’s.  What is a ‘Sovereign Credit Rating’:   “A sovereign credit rating is the credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks. At the request of the country, a credit rating agency will evaluate the country’s economic and political environment to determine a representative credit rating. Obtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets.”  While I do believe things are and will get better in Iraq, they have to get Parliament to a functional state passing the needed legislation for economic advancement and political cohesion. Making payments to the Paris Club and the Kuwaiti’s would also be a good thing.
______________________________________________________________

tlm724 (Dinar Guru) –   Article quote:  “The illegal border crossings and projects revenue project Sakona most prominent on the agenda of the Commission’s new legislative term.”  yep they gotta secure those borders, stop illegal crossing and collect tariffs!   It’s all part of the security and revenue plan and is part of the security Shabibi said was needed…wink!
______________________________________________________________

Poppy3 (Dinar Guru) –    …ALL THE NEWS IN THE WORLD ABOUT POLITICS IN IRAQ NEVER HELP ANY OF US GET CLOSER TO THE REAL RV.  I BEEN AT THIS LONGER THAN MOST AND I ASSURE YOU THE NEWS GETS US NO CLOSER TO ANYTHING…ONLY ACTIONS ON THE NEWS IS WHAT COUNTS.   90% OF THE NEWS WAS NEVER ACTED ON TILL HERE IN THE LAST FEW MONTHS BUT FOLLOW THE ACTIONS AND YOU’LL HAVE A REASONABLE IDEA ABOUT THE REST OF OUR WAIT.
______________________________________________________________

Frank26 (Dinar Guru) –   …it is very important that you understand the United States and Kuwait government devalued the Kuwait currency down to zero, practically nothing…and Saddam Hussein was the reason…so America comes in…and the first thing that we did was Marshall Law…and we took over the banking structure…In other words everything I’m telling you is the equivalent…and it is happening in Iraq…with very slight differences…using the American dollar until they were ready to bring back the Kuwait dinar…back to the international rate…with these loans they will quickly remove anything that is left as a remainder of Article 8…once they do qualify and all of Article 8 is removed…MO…all they need to do is raise the value of their currency…and that is it…that should be the final restriction…
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Kaperoni (Dinar Guru) –   #16 is the most important..  “16.  The authorities will gradually remove remaining exchange restrictions and multiple currency practice…”  ...if the CBI does this..and I say “If” (because they have not so far), it will create momentum on the economy and more importantly on the dinar to appreciate in value.  This is what we want to see…an open banking system with the world, no exchange restrictions, Article VIII, etc. etc.   Once that happens, Iraq will become a vary exciting place to invest and the currency will rise in value.    We just have to wait for them to get their act together. [Post 2 of 2]
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Kaperoni (Dinar Guru) –  Press Release:  “Iraq : First and Second Reviews of the Staff-Monitored Program and Request for a Three-year Stand-By Arrangement…”    …this report is full of what Iraq needs to do to improve it’s economic and banking performance.  There is no discussion about currency reform (and I would not expect it).  That being said, it needs to happen and we don’t know when it will.  But it is good to see so much of what we said needs to happen in the SBA, ie laws, remove restrictions etc.  I also like they are doing everything they can to hold the dinar at the current exchange rate (peg) during this difficult time (even though many called for the CBI to devalue the dinar).  [Post 1 of 2]
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Sunday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

Bruce (Dinar Guru) –   WE WERE CLOSE ON TUESDAY, BUT ARE CLOSER TODAY. REDEMPTION CENTERS ARE STAFFED. POSSIBLE GO TIME TONIGHT.  ADMINISTRATIVE HOLDS, UP TO 40 PARTS, NEEDED TO BE RELEASED. ALL WERE RELEASED YESTERDAY, AND NOW WE ARE IN A POSITION FOR NOTIFICATIONS TO COME OUT AT ANY MOMENT.   BANKS ARE READY, SECURITY IS INCREASED, RAGE ON THE CITIES PLANNED FOR TOMORROW THE AUTHORITIES KNEW ABOUT BACK IN APRIL, AND WILL PROCEED WITH SAFETY AND CAUTION.   TIMING, MAYBE NEW UN OPERATIONAL RATES ARE BEING SETUP FOR TOMORROW.  NO GREAT FANFARE, NO GREAT ANNOUNCEMENT, JUST A FLIP OF THE SWITCH.

BGG ~ COMPLETE B.S. ARTIST… (be sure to tune in to the call tonite)…

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Frank26 (Dinar Guru) –    I believe that TIME FRAMED is within this year of 2016…that IMO…has been made by the IMF and the CBI and will be presented to you…but if a final decision on whether or not to raise the value of their currency and a final decision has been made on the rate by the GOICBI…then they need to do the final steps that brings it….and I think that is where we are at…and I think that is what you are going to see…from now until September…And I’m not telling you that September is the RV month…there is a TIME FRAMED…and they have made a decision…   [post 3 of 3]
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Frank26 (Dinar Guru) –    I’m here to tell you that the reforms are in full swing…it is only by capillaries that Article 8 is even still attached to Iraq…   Quote:  “Parliament Finance Must Investigate Regardless of the Loans to Prevent Corruption”  …every penny that is going into Iraq is going into the right places…for the right purposes…this is a plan…this is Time that has been FRAMED.  …when we came into Iraq we presented to them what is called the Marshall Law…they are calling it Marshall Iraq...this is the plan…and the Marshall Plan for Iraq…IMO….is coming to an end…this country is about to launch itself into the international stratosphere.   [post 2 of 3….stay tuned]
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Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF  (photo: Sabah Arar/REX/Newscom)

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

• Iraqi economy faces double shock of lower oil prices, rising security challenges
• IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
• Program includes measures to protect the poor, curb corruption

The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability…

Read More: www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) –   …on the 22nd of December, 2015…I said they are going to float their currency…they are going to come out with this 1 to 1 and they are going to bring this out into the international world in the first half of 2016 and oil prices are not going to go down they are going to increase…they will peak…and I gave you almost step by step…And the IMF is telling Iraq…we got this plan…this is what you are going to do…and in the process what was it that Dr. Shabibi wanted to give the green light to Abadi in order to raise the value of their currency…stability…  [post 1 of 3….stay tuned]
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rcookie (Dinar Guru) –  […AUGUST 11TH WILL BE SESSION TO INTERROGATE MOD OBEIDI AS WELL AS TRANSPORT AND FINANCE MINISTERS…]  AUG 11TH PARL HAULING IN THOSE 3 MINISTERS FOR QUESTIONING. [MP YOUKHANA DECLARES NAMES OF DEPUTIES WHO HAVE EXCEEDED LIMITS ON ABSENCES AND MOVE FOR DISMISSALAND REPLACEMENT…]  THIS IS AWESOME…JABOURI ALSO MADE STATEMENT TODAY ABOUT PURSUING DISMISSAL OF THESE SLACKERS!   [PARLIAMENT VOTED TODAY ON JUDICIAL OVERSIGHT LAW…]  SO IS ANYONE THINK THEY DIDNT GET ANYTHING DONE IN PARLIAMENT…VOTED 1 LAW AND READ 5 OTHERS…AS WELL AS HOST OF OTHER THINGS.
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SteveI (Dinar Guru) –   The news just keeps getting better and better every day. I was told they now can close the borders because Iraq has for the most part control of their country back. I am proud of Iraq and all countries that helped do this. All of this news is so positive it is hard not to smile.
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Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):…

Read More: www.dinarupdates.com/blog/
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wmawhite (Dinar Guru) –   Article quote:  “ABDUL MAHDI STATES AT ECONOMIC SEMINAR 400-500 THOSAND PEOPLE BEING PREPARED ANNUALLY FOR LABOR MARKET AND SOLUTIONS TOWARD ACTIVATING THE PRIVATE SECTOR”  This is huge…otherwise, what is there for them to prepare the citizens for?  The private sector is coming.
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Stryker (Dinar Guru) –   [We don’t hear about HCL much anymore is that something that you think is necessary for the RV to happen?]   …no the HCL isn’t needed right now because it is covered in each years budget until a final HCL can be adopted, that’s why we don’t hear much about it anymore. Oil revenue disbursement, who pays contractors, power sharing on contracts and so on are all covered in each years budgets and are negotiated starting this time each year for the following years budgets. A permanent HCL will come in time.
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rcookie (Dinar Guru) –   Article quote:  “BRITISH AMBASSADOR FRANK BAKER VISITS MUTHANA PROVINCE GOVERNOR ZIADI AND DECLARES DESIRE OF BRITISH COMPANIES TO INVEST IN THE ENERGY, OIL AND AGRICULTURE SECTORS…”   THIS IS JUST 1 OF 2 MEETINGS WITH AMBASSADORS TODAY WHERE COUNTIES ARE ANNOUNCING THEIR INTENTION AND READINESS TO ENGAGE INT’L INVESTMENT AND BUSINESS WITH IRAQ.
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ECONOMIC ADVISER TO EBADI – INTERNATIONAL FUND APPROVES STANDBY CREDIT AGREEMENT WITH IRAQ

BAGHDAD / IBN – Economic Adviser to the President of the Council of Ministers confirmed the appearance of Mohammed Saleh, “The Executive Board of the International Fund approved a standby credit with Iraq on 7 July of the current agreement.

Saleh said on Thursday, in a statement to the Iraqi network transmitter (IBN) “The fund was launched in the history of 12 of July of this batch of the loan allocated for Iraq and the $ 634 million out of the total amount of 5.3 billion dollars.”…

Read More: www.dinarupdates.com/blog/
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tman23 (Dinar Guru) –   What we know for a fact…and for the very first time in Iraq… The Big Banks in all regions are communicating with the CBI and the rate when the rate fluctuates 127,000 or 127,500...it is the same at the same time in these major banks… this started this week and has been consistent enough to say they are on CBI protocols now…
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Kaperoni (Dinar Guru) –   Quote:  “…the Iraqi Dinar ‘investment opportunity’ is a scam that has existed for more than a decade and has regained some of its former popularity…”  Surely, the concept of  “overnight” riches so often stated…makes this by definition a scam. That said, the potential for Iraq laid out in various documents including the IMF, WB etc. clearly show the upside potential for Iraq, which if achieved, would increase the value of the currency significantly. We just have to wait for that potential to come to fruition.  There is nothing “to get to the bottom of,” it’s already well documented.
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Frank26 (Dinar Guru) –    Abadi is keeping his promise…the IMF gave Iraq certain loans already…they are now ready to give them an international loan…that is a completely different story…first remove all the restrictions on your currency then we will give you these loans…the big one…it is the big international loan that is now waiting to be given to them and it is in the billions… the IMF is pointing the finger straight to Parliament…telling them..you want these loans…finish the reforms…finish the Monetary Reform…so IMO…Iraq is removing the final restrictions on the exchange rate…because they are Article 8 compliant IMO…and we sit very quietly waiting for them to announce this to you…you see the evidence from 500 IQD notes and 250 IQD notes…and you will see more soon.  [post 2 of 2]
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Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
from 7/13 – LIVE CALL w/Q&A!!

Smart phone user link – Click here

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Frank26 (Dinar Guru) –   [Guru] DELTA came…and said…they just announced to the Iraqi citizens on Iraqia television that they are introducing the 500 IQD note to…the Iraqi citizens….this is the one with the Kurdistan language on it…So what else were we looking for…more of these LD’s…then once again DELTA comes…they just announced on Iraqia television the 250 IQD note…you understand the power behind this…these are lower denoms… they are introducing the currency without the 000’s.  We see things coming together…we no longer seek the liberation of two cities…we now only seek the liberation of the program rate of the Iraqi dinar…it is important that you realize that Abadi said that as soon as they got back from Eid, they were going to do the reforms very quickly…they are doing them…   [post 1 of 2….stay tuned]
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Poppy3 (Dinar Guru) –   […I was so excited when I saw the posts about the 1.18 in Iraq…]  THATS WHAT I RECEIVED SEVERAL TIMES…I WAS ALSO TOLD THAT IS NOT A RV RATE OF ANY KIND AND IT WOULD BE A MINIMUM BASE FOR THEM TO WORK FROM BUT THATS A GREAT START… PERTAINS MORE TO FULFILLING THE BUDGET REQUIREMENTS.  WE WAIT FOR ACTIONS TO BRING FORTH THE FACTS.  I HAVE NEVER HEARD ANYTHING FROM ANYONE OFFICIAL THAT HAS ANYTHING TO DO WITH SETTING A RATE STATE ANYTHING ABOUT A FLOAT.  THEY HAVE ALWAYS MAINTAINED A REASONABLE, MEDIAN RATE THEY KNOW THEY CAN MAINTAIN AND GROW THEIR ECONOMY FOR AT LEAST 24 MONTHS BEFORE THEY ALLOW A MARKET ECONOMY FLOAT PERIOD.
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Adam Montana (Dinar Guru) –    …we are done with Ramadan and the celebration of the end of Ramadan.  Nothing major has sprung up since the end of the holiday, but I do find it interesting that today’s Parliament session included these items:  “Ninth: report and discuss the draft law on ratification the Convention on Avoidance of Double Taxation Law and exchange of information with respect to taxes on income and capital … ”  “Eleventh: Report and discussion of the draft law of the  government banks. (Finance Committee, Legal Committee )…”  Why would we be hearing about these things if they planned  to stay poor? I don’t think they would.   What we really want to hear about is the HCL…
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Iraqi Dinar/Dollar auction (most recent listing) 07-13-16

Currency Auctions Announcement No. 3239

This daily currency auction was held in the Central Bank of Iraq on the 07-13-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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tman23 (Dinar Guru) –   [Sadr is getting Mad again….Not passing laws…not opening up the economy…floating Bonds…borrowing money from the IMF…Taxing Imports…Now talking about raising taxes on citizens…Not good.]  This Friday the people will be gathering…July 20th is a date set where as they are planning 10 million citizens to gather and over-throw the government of Iraq for …LACK OF SERVICES AND WELFARE… TICK-TOCK!  At this point they have to give the citizens something other than laws and empty promises…They need something tangible…REAL…And nothing in their country shows a promising future to them…. In other words they need instant gratification…the only thing that they all share in is the use of currency…AND IT IS JUST THAT SIMPLE!
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BGG (Dinar Guru) –   [Todays parliament meeting…on the whole package laws.]  personally – I don’t think that is what we are waiting on – good for Iraq, yes. Required for us… I doubt. [Do you think there is ANY chance they will lop?]  I do not.
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Kaperoni (Dinar Guru) –    Article quote:  “…the diagnosis of the priorities of the suffering of the banking sector requires the central bank and the relevant authorities to draw and to develop mechanisms and procedures for processing during the year 2016…”  […it seems the CBI is prepped and almost ready….wouldn’t you say…?]  I think the CBI has been ready for a while…The GOI/Parliament needs to get their part done.  Pass laws!
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Upgrading of Iraqi currency …

(A very special thanks to Holly1 for sharing such an insightful conversation with her personal, direct contacts – this is excerpted from a FaceBook conversation with a group of Iraqi bankers and economists)

Ahmed Salami

– Dinar plastic (polymer)

– restructuring of the Iraqi currency

Re – evaluate the value of the dinar…

Read More: www.dinarupdates.com/blog

BGG: Oh wow!! Great stuff!! However, I find still it AMAZING how these ignorant “guru types” wait for our people to dig stuff like this up (Thanks so much Holly)… give them no credit for it… wait for our other people to comment on it (Doing a 3 hour News Time and “After Call” on it). Study up… then are still so ignorant (or drunk) on the subject matter, they COMPLETELY BUTCHER the whole concept of what is going on here…

WAKE UP PEOPLE!!

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rcookie (Dinar Guru) –   Article:  “Resumed the House of Representatives, on Tuesday, the opening of its first legislative term of the third legislative year in the third parliamentary session.”  SO PARLIAMENT MET SUCCESSFULLY UNDER JABOURI…GOT THE 1ST ONE OUT OF THE WAY…DISCUSSED SECURITY FILES AND ISSUES…  [did they vote on anything…thats what we need?]  NO…NO VOTES BUT READ A FEW LAWS…
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Holly1 (Dinar Guru) –   …WHAT IS GOING ON IN IRAQ …CANT MAKE IT AT 1182 NO WAY NO HOW … THEY NEED STEPS AND A HUGE ONE PEOPLE DEMANDING A NEW PRICE OF THE DINAR IMO.
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firefly (Dinar Guru) –   the wait is not important…what is important is they are now telling us in detail what is occurring.
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Iraqi Dinar/Dollar auction (most recent listing) 07-12-16

Currency Auctions Announcement No. 3237

This daily currency auction was held in the Central Bank of Iraq on the 07-12-2016

The results were as follows:

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Iraqi Dinar/Dollar auction (most recent listing) 07-12-16

Currency Auctions Announcement No. 3238

This daily currency auction was held in the Central Bank of Iraq on the 07-12-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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rcookie (Dinar Guru) –   Article quote:  “Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank.”  …THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES….OFFERING ONE STOP SHOPPING BANKING SERVICES…THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006…THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT.
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mike (Dinar Guru) –  Article:  “The government is considering increasing the tax rate on employees”  …this ain’t going over well with the people. I can see Sadr now standing up on his soap box denouncing the government for this act.   At every turn they do everything they can to not pass the laws, open up the economy and get the currency internationally recognized.  Instead, they float bonds, borrow money from the IMF, tax imports and now they’re talking about increasing taxes on the citizenry.  This ain’t the right direction Iraq.
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BGG (Dinar Guru) –  […have you seen the article about Upgrading your currency…if so what is your take on that?  …the numbers are align up with yesterdays discussion with the Iraq banker…]    …if they are discussing this – in that frame of reference privately – this is SERIOUS. I am excited. 
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Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
7/10 – LIVE CALL w/Q&A!!
641-715-3640 pin#528733

Smart phone user link – Click here

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rcookie (Dinar Guru) –   Quote:  “... forcing banks to deploy ATMs in every province… and the introduction of credit cards for banks digital money…”  THEY ARE DISCUSSING GOING DIGITAL WITH THE INTRODUCTION AND DISBURSEMENT OF SOPHISTICATED NETWORK OF ATM MACHINES THROUGHOUT THE PROVINCES ACCORDING TO POPULATION DENSITY…AS WELL AS BRING BANKING SECTOR TO THE LEVELS OF ADVANCED TECHNOLOGY AND SERVICE OF GLOBAL STANDARDS…
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rcookie (Dinar Guru) –    Quote:  “Ammar Abdullah GhaithInterest is the rehabilitation of monetary value of the currency to make it universally used by tourists, traders”  THIS ECONOMIST ASSERTS THE REHABILITATION OF THE IQD IS TO MAKE IT UNIVERSALLY USED BY TOURISTS & TRADERS AND BE USED INTERNALLY & EXTERNALLY INSTEAD OF THE DOLLAR…DECREASING NUMERIC VALUE…CURB INFLATION…RAISE THE PURCHASING POWER AND SUPPORT THE ECONOMY…AND HAVE THIS ALL REFLECT STRENGTH IN THE EXCHANGE RATE AGAINST THE USD AND GLOBAL CURRENCIES WHICH IT OBVIOUSLY CURRENTLY DOES NOT DO…
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mike (Dinar Guru) –   Article quote:  “…that the lack of security and stability and political chaos and widespread administration available corruption and other internal conflicts, are factors that hinder the performance of the banking sector…”  I say out with the old and in with the new.  These guys have been in cahoots for years and have stolen billions of dollars, if not for themselves for the politicians who installed them. It’s time to clean house…
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Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
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BGG (Dinar Guru) –  What is amazing to me…regarding all the news out today… this topic – Currency reform, Dinar value and economic reform… IS PLAINLY BEING TALKED ABOUT. It’s NO SECRET. They are discussing it DAILY – and OPENLY.
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rcookie (Dinar Guru) –  Quote:   “1. Delete the zeros phantom inflation inherited from the siege and war…2.  Be the dollar value of 1 is equal to 1 dinar and 118 fils.  3.  eetm [meet?] payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.”  THEY ARE POUNDING THEIR CHESTS AGAIN ABOUT RESERVES AND GOLD LEVEL EXCEEDING INTERNATIONAL STANDARDS TO COVERT THEIR TRADE NEEDS…AND HERE THEY ASSERT THE DIFFICULTY OF CONVERSION INSIDE AND OUTSIDE OF IRAQ WITH EXISTING EXCHANGE RATE AND CALL FOR IRAQ TO RESTRUCTURE ITS CURRENCY…SAYING INFLATION HAS BEEN KEPT IN CHECK FOR DELETE THE ZEROES PROGRAM…AND SUGGEST THE VALUE OF $1 USD BE EQUAL TO 1 DINAR AND 118 FILS…AND OUTLINE TRADE PARTNERS WHO OPERATE WITH CURRENCY TRADE UNDERSTANDING THAT IS DEALT WITH BETWEEN THEM.
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wmawhite (Dinar Guru) –   “1. Delete the zeros phantom inflation inherited from the siege and war…2. Be the dollar value of 1 is equal to 1 dinar and 118 fils.  3.  eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.”   This is an Iraqi banker discussing on social media the need as well as the revaluation of the IQD. The information he discusses is quite detailed, even to the point of stating that the currency will have 100 fils.  IMO, he is comfortable enough to discuss this because it is common knowledge within his profession.  Why else discuss it?  We have the CBI, GOI telling us this is what they wany to do…And now, here is a banker telling us the details.  [WHAT IS 100 FILS…?]  a FIL is less than one…Think of our 1 cent, nickel, etc.
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IMF calls on the Government of Abadi to achieve reforms in exchange for loans

BAGHDAD / News Network – Iraq and the IMF agreed on Saturday to give Iraq a line of credit worth $ 5.34 billion to help it overcome the financial crisis faced after the deterioration of oil prices and the war against Alarhab. ooodh Fund said in a statement, that the Iraqi government will take place in case a loan an initial value of $ 634 million, while it must implement a series of economic reforms to get the rest of the installments of this assistance plan for three years.

The statement quoted Zhou Min, one of the assistant directors of the Fund, as saying: “Iraq’s economy has suffered severely from the double trauma of the organization of the Islamic state and severe attacks decline in oil prices.” Fund expressed in his statement expressed concern about the arrears, especially the “big” accumulated on Baghdad, which is struggling to meet its financial obligations.

The fund was granted in Baghdad in July 2015 a loan of $ 1.24 billion to help the advancement of the public own finances. Under the previous rapid financing tool program.
Iraq is going through a financial crisis due to falling oil prices, which constitutes 90% of the public budget is paid to borrow from the International Monetary Fund and the World Bank and earned them about $ 15 billion received by over three years…

BGG ~ Many thanks to Julian Washington for digging this up for us!!

Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –   Article:  “Transportation Announces opening of the large port of Faw project next year.”  THIS IS HUGE FOLKS… ABSOLUTELY GINORMOUS!  THIS IS THE SINGLE LARGEST INVESTMENT DEVELOPMENT PROJECT IN THE ENTIRE COUNTRY…AND THEY ARE TELLING YOU WHEN IT WILL LAUNCH AND BE LIVE!  THIS PROJECT WHEN COMPLETED WILL CONTRIBUTE MORE JOBS AND NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR…THIS PROJECT MORPHS THEM INTO WHOLE NEW STRATUSPHERE!  WILL DOUBLE GDP…AND WILL BE NON OIL REVENUES…WHICH WILL MAKE IMF & WB HAPPY AND ADDRESS UNEMPLOYMENT…BETWEEN THE LOANS AND BONDS AND INCREASE IN NON OIL REVEUES AND AWAY FROM OIL DEPENDENCE… TRUE ECONOMIC DIVERSITY AND SUSTAINABILITY…THEY WILL BE A POWERHOUSE.
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rcookie (Dinar Guru) –   Article quotes:  “Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank.  …”the Bank has a strategic plan for this year is to develop his work and introducing new technologies to keep up with technological advances applied in developed countries.”  THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES….OFFERING ONE STOP SHOPPING BANKING SERVICES…THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006…THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT…[GREAT NEWS, Now they just need a new value.]  EXACTLY.
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tlm724 (Dinar Guru) –   Article:  “The port of Khor Al-Zubair resume its work after a hiatus of three years”   Quote:  “A source said in an interview for “trend-Presse,” The reefer container project has been made available on her part in the joint operation contract with the German company Marlok.”   this is awesome and surely needed in Iraq. A reefer port is a refrigerated cargo terminal and they can keep cold stores for long periods of time ie: meat, orange juice etc and the ships are called “reefer ships” same thing, refrigerated cargo ships. Great news!
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Are consistent with the EFCC Act and Economic Reforms

With the rising importance of the transition to a market economy and reliance on the private sector as an essential factor for the advancement of Economics, headed the House of representatives to vote on amending the law of the Federation of Chambers of Commerce of Iraq during the current legislative term to its importance in achieving the objectives that correspond to government reforms…

Read More: www.dinarupdates.com/blog/
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mike (Dinar Guru) –   It’s amazing, four or five years ago I thought these guy’s would RV at $3 bucks and I’d be good to go. The history lesson I’ve learned over that time makes me scratch my head and wonder how in the heck I thought these guys could pull it off.  My dad used to have a saying, “if you find yourself in a hole with a shovel, put down the shovel.”  Iraq’s best and brightest still haven’t learned that simple lesson, quit digging a hole you’ll never get out of. 
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Bluedog (Dinar Guru) –   …WE WAIT…HOW LONG NO ONE KNOWS THEIR GAME… VIETNAM IS LINING UP AND IRAQ AT THIS MOMENT IN TIME LETS HOPE SOOOOOOOOOON.
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Kaperoni (Dinar Guru) –    Article:  “Rafidain Bank is preparing to expand his work and the opening of new branches”  …more banks to run to when the event begins.
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

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http://www.cbi.iq/

Indicative rates – 07.14.2015

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Our minds possess by nature an insatiable desire to know the truth. – Cicero

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*** Current News ***

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Frank26 (Dinar Guru) –    I believe that TIME FRAMED is within this year of 2016…that IMO…has been made by the IMF and the CBI and will be presented to you…but if a final decision on whether or not to raise the value of their currency and a final decision has been made on the rate by the GOICBI…then they need to do the final steps that brings it….and I think that is where we are at…and I think that is what you are going to see…from now until September…And I’m not telling you that September is the RV month…there is a TIME FRAMED…and they have made a decision…   [post 3 of 3]
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Frank26 (Dinar Guru) –    I’m here to tell you that the reforms are in full swing…it is only by capillaries that Article 8 is even still attached to Iraq…   Quote:  “Parliament Finance Must Investigate Regardless of the Loans to Prevent Corruption”  …every penny that is going into Iraq is going into the right places…for the right purposes…this is a plan…this is Time that has been FRAMED.  …when we came into Iraq we presented to them what is called the Marshall Law…they are calling it Marshall Iraq...this is the plan…and the Marshall Plan for Iraq…IMO….is coming to an end…this country is about to launch itself into the international stratosphere.   [post 2 of 3….stay tuned]
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Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF  (photo: Sabah Arar/REX/Newscom)

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

• Iraqi economy faces double shock of lower oil prices, rising security challenges
• IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
• Program includes measures to protect the poor, curb corruption

The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability…

Read More: www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) –   …on the 22nd of December, 2015…I said they are going to float their currency…they are going to come out with this 1 to 1 and they are going to bring this out into the international world in the first half of 2016 and oil prices are not going to go down they are going to increase…they will peak…and I gave you almost step by step…And the IMF is telling Iraq…we got this plan…this is what you are going to do…and in the process what was it that Dr. Shabibi wanted to give the green light to Abadi in order to raise the value of their currency…stability…  [post 1 of 3….stay tuned]
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rcookie (Dinar Guru) –  […AUGUST 11TH WILL BE SESSION TO INTERROGATE MOD OBEIDI AS WELL AS TRANSPORT AND FINANCE MINISTERS…]  AUG 11TH PARL HAULING IN THOSE 3 MINISTERS FOR QUESTIONING. [MP YOUKHANA DECLARES NAMES OF DEPUTIES WHO HAVE EXCEEDED LIMITS ON ABSENCES AND MOVE FOR DISMISSALAND REPLACEMENT…]  THIS IS AWESOME…JABOURI ALSO MADE STATEMENT TODAY ABOUT PURSUING DISMISSAL OF THESE SLACKERS!   [PARLIAMENT VOTED TODAY ON JUDICIAL OVERSIGHT LAW…]  SO IS ANYONE THINK THEY DIDNT GET ANYTHING DONE IN PARLIAMENT…VOTED 1 LAW AND READ 5 OTHERS…AS WELL AS HOST OF OTHER THINGS.
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SteveI (Dinar Guru) –   The news just keeps getting better and better every day. I was told they now can close the borders because Iraq has for the most part control of their country back. I am proud of Iraq and all countries that helped do this. All of this news is so positive it is hard not to smile.
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Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):…

Read More: www.dinarupdates.com/blog/
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wmawhite (Dinar Guru) –   Article quote:  “ABDUL MAHDI STATES AT ECONOMIC SEMINAR 400-500 THOSAND PEOPLE BEING PREPARED ANNUALLY FOR LABOR MARKET AND SOLUTIONS TOWARD ACTIVATING THE PRIVATE SECTOR”  This is huge…otherwise, what is there for them to prepare the citizens for?  The private sector is coming.
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Stryker (Dinar Guru) –   [We don’t hear about HCL much anymore is that something that you think is necessary for the RV to happen?]   …no the HCL isn’t needed right now because it is covered in each years budget until a final HCL can be adopted, that’s why we don’t hear much about it anymore. Oil revenue disbursement, who pays contractors, power sharing on contracts and so on are all covered in each years budgets and are negotiated starting this time each year for the following years budgets. A permanent HCL will come in time.
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rcookie (Dinar Guru) –   Article quote:  “BRITISH AMBASSADOR FRANK BAKER VISITS MUTHANA PROVINCE GOVERNOR ZIADI AND DECLARES DESIRE OF BRITISH COMPANIES TO INVEST IN THE ENERGY, OIL AND AGRICULTURE SECTORS…”   THIS IS JUST 1 OF 2 MEETINGS WITH AMBASSADORS TODAY WHERE COUNTIES ARE ANNOUNCING THEIR INTENTION AND READINESS TO ENGAGE INT’L INVESTMENT AND BUSINESS WITH IRAQ.
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Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
from 7/13 – LIVE CALL w/Q&A!!

Smart phone user link – Click here

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tman23 (Dinar Guru) –   What we know for a fact…and for the very first time in Iraq… The Big Banks in all regions are communicating with the CBI and the rate when the rate fluctuates 127,000 or 127,500...it is the same at the same time in these major banks… this started this week and has been consistent enough to say they are on CBI protocols now…
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Kaperoni (Dinar Guru) –   Quote:  “…the Iraqi Dinar ‘investment opportunity’ is a scam that has existed for more than a decade and has regained some of its former popularity…”  Surely, the concept of  “overnight” riches so often stated…makes this by definition a scam. That said, the potential for Iraq laid out in various documents including the IMF, WB etc. clearly show the upside potential for Iraq, which if achieved, would increase the value of the currency significantly. We just have to wait for that potential to come to fruition.  There is nothing “to get to the bottom of,” it’s already well documented.
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Frank26 (Dinar Guru) –    Abadi is keeping his promise…the IMF gave Iraq certain loans already…they are now ready to give them an international loan…that is a completely different story…first remove all the restrictions on your currency then we will give you these loans…the big one…it is the big international loan that is now waiting to be given to them and it is in the billions… the IMF is pointing the finger straight to Parliament…telling them..you want these loans…finish the reforms…finish the Monetary Reform…so IMO…Iraq is removing the final restrictions on the exchange rate…because they are Article 8 compliant IMO…and we sit very quietly waiting for them to announce this to you…you see the evidence from 500 IQD notes and 250 IQD notes…and you will see more soon.  [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 07-13-16

Currency Auctions Announcement No. 3239

This daily currency auction was held in the Central Bank of Iraq on the 07-13-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) –   [Guru] DELTA came…and said…they just announced to the Iraqi citizens on Iraqia television that they are introducing the 500 IQD note to…the Iraqi citizens….this is the one with the Kurdistan language on it…So what else were we looking for…more of these LD’s…then once again DELTA comes…they just announced on Iraqia television the 250 IQD note…you understand the power behind this…these are lower denoms… they are introducing the currency without the 000’s.  We see things coming together…we no longer seek the liberation of two cities…we now only seek the liberation of the program rate of the Iraqi dinar…it is important that you realize that Abadi said that as soon as they got back from Eid, they were going to do the reforms very quickly…they are doing them…   [post 1 of 2….stay tuned]
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Poppy3 (Dinar Guru) –   […I was so excited when I saw the posts about the 1.18 in Iraq…]  THATS WHAT I RECEIVED SEVERAL TIMES…I WAS ALSO TOLD THAT IS NOT A RV RATE OF ANY KIND AND IT WOULD BE A MINIMUM BASE FOR THEM TO WORK FROM BUT THATS A GREAT START… PERTAINS MORE TO FULFILLING THE BUDGET REQUIREMENTS.  WE WAIT FOR ACTIONS TO BRING FORTH THE FACTS.  I HAVE NEVER HEARD ANYTHING FROM ANYONE OFFICIAL THAT HAS ANYTHING TO DO WITH SETTING A RATE STATE ANYTHING ABOUT A FLOAT.  THEY HAVE ALWAYS MAINTAINED A REASONABLE, MEDIAN RATE THEY KNOW THEY CAN MAINTAIN AND GROW THEIR ECONOMY FOR AT LEAST 24 MONTHS BEFORE THEY ALLOW A MARKET ECONOMY FLOAT PERIOD.
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Adam Montana (Dinar Guru) –    …we are done with Ramadan and the celebration of the end of Ramadan.  Nothing major has sprung up since the end of the holiday, but I do find it interesting that today’s Parliament session included these items:  “Ninth: report and discuss the draft law on ratification the Convention on Avoidance of Double Taxation Law and exchange of information with respect to taxes on income and capital … ”  “Eleventh: Report and discussion of the draft law of the  government banks. (Finance Committee, Legal Committee )…”  Why would we be hearing about these things if they planned  to stay poor? I don’t think they would.   What we really want to hear about is the HCL…
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG and Guests in DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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tman23 (Dinar Guru) –   [Sadr is getting Mad again….Not passing laws…not opening up the economy…floating Bonds…borrowing money from the IMF…Taxing Imports…Now talking about raising taxes on citizens…Not good.]  This Friday the people will be gathering…July 20th is a date set where as they are planning 10 million citizens to gather and over-throw the government of Iraq for …LACK OF SERVICES AND WELFARE… TICK-TOCK!  At this point they have to give the citizens something other than laws and empty promises…They need something tangible…REAL…And nothing in their country shows a promising future to them…. In other words they need instant gratification…the only thing that they all share in is the use of currency…AND IT IS JUST THAT SIMPLE!
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BGG (Dinar Guru) –   [Todays parliament meeting…on the whole package laws.]  personally – I don’t think that is what we are waiting on – good for Iraq, yes. Required for us… I doubt. [Do you think there is ANY chance they will lop?]  I do not.
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Kaperoni (Dinar Guru) –    Article quote:  “…the diagnosis of the priorities of the suffering of the banking sector requires the central bank and the relevant authorities to draw and to develop mechanisms and procedures for processing during the year 2016…”  […it seems the CBI is prepped and almost ready….wouldn’t you say…?]  I think the CBI has been ready for a while…The GOI/Parliament needs to get their part done.  Pass laws!
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Upgrading of Iraqi currency …

(A very special thanks to Holly1 for sharing such an insightful conversation with her personal, direct contacts – this is excerpted from a FaceBook conversation with a group of Iraqi bankers and economists)

Ahmed Salami

– Dinar plastic (polymer)

– restructuring of the Iraqi currency

Re – evaluate the value of the dinar…

Read More: www.dinarupdates.com/blog

BGG: Oh wow!! Great stuff!! However, I find still it AMAZING how these ignorant “guru types” wait for our people to dig stuff like this up (Thanks so much Holly)… give them no credit for it… wait for our other people to comment on it (Doing a 3 hour News Time and “After Call” on it). Study up… then are still so ignorant (or drunk) on the subject matter, they COMPLETELY BUTCHER the whole concept of what is going on here…

WAKE UP PEOPLE!!

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rcookie (Dinar Guru) –   Article:  “Resumed the House of Representatives, on Tuesday, the opening of its first legislative term of the third legislative year in the third parliamentary session.”  SO PARLIAMENT MET SUCCESSFULLY UNDER JABOURI…GOT THE 1ST ONE OUT OF THE WAY…DISCUSSED SECURITY FILES AND ISSUES…  [did they vote on anything…thats what we need?]  NO…NO VOTES BUT READ A FEW LAWS…
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Holly1 (Dinar Guru) –   …WHAT IS GOING ON IN IRAQ …CANT MAKE IT AT 1182 NO WAY NO HOW … THEY NEED STEPS AND A HUGE ONE PEOPLE DEMANDING A NEW PRICE OF THE DINAR IMO.
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firefly (Dinar Guru) –   the wait is not important…what is important is they are now telling us in detail what is occurring.
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Iraqi Dinar/Dollar auction (most recent listing) 07-12-16

Currency Auctions Announcement No. 3237

This daily currency auction was held in the Central Bank of Iraq on the 07-12-2016

The results were as follows:

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Iraqi Dinar/Dollar auction (most recent listing) 07-12-16

Currency Auctions Announcement No. 3238

This daily currency auction was held in the Central Bank of Iraq on the 07-12-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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rcookie (Dinar Guru) –   Article quote:  “Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank.”  …THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES….OFFERING ONE STOP SHOPPING BANKING SERVICES…THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006…THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT.
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mike (Dinar Guru) –  Article:  “The government is considering increasing the tax rate on employees”  …this ain’t going over well with the people. I can see Sadr now standing up on his soap box denouncing the government for this act.   At every turn they do everything they can to not pass the laws, open up the economy and get the currency internationally recognized.  Instead, they float bonds, borrow money from the IMF, tax imports and now they’re talking about increasing taxes on the citizenry.  This ain’t the right direction Iraq.
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BGG (Dinar Guru) –  […have you seen the article about Upgrading your currency…if so what is your take on that?  …the numbers are align up with yesterdays discussion with the Iraq banker…]    …if they are discussing this – in that frame of reference privately – this is SERIOUS. I am excited. 
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Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
7/10 – LIVE CALL w/Q&A!!
641-715-3640 pin#528733

Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) –   Quote:  “... forcing banks to deploy ATMs in every province… and the introduction of credit cards for banks digital money…”  THEY ARE DISCUSSING GOING DIGITAL WITH THE INTRODUCTION AND DISBURSEMENT OF SOPHISTICATED NETWORK OF ATM MACHINES THROUGHOUT THE PROVINCES ACCORDING TO POPULATION DENSITY…AS WELL AS BRING BANKING SECTOR TO THE LEVELS OF ADVANCED TECHNOLOGY AND SERVICE OF GLOBAL STANDARDS…
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rcookie (Dinar Guru) –    Quote:  “Ammar Abdullah GhaithInterest is the rehabilitation of monetary value of the currency to make it universally used by tourists, traders”  THIS ECONOMIST ASSERTS THE REHABILITATION OF THE IQD IS TO MAKE IT UNIVERSALLY USED BY TOURISTS & TRADERS AND BE USED INTERNALLY & EXTERNALLY INSTEAD OF THE DOLLAR…DECREASING NUMERIC VALUE…CURB INFLATION…RAISE THE PURCHASING POWER AND SUPPORT THE ECONOMY…AND HAVE THIS ALL REFLECT STRENGTH IN THE EXCHANGE RATE AGAINST THE USD AND GLOBAL CURRENCIES WHICH IT OBVIOUSLY CURRENTLY DOES NOT DO…
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mike (Dinar Guru) –   Article quote:  “…that the lack of security and stability and political chaos and widespread administration available corruption and other internal conflicts, are factors that hinder the performance of the banking sector…”  I say out with the old and in with the new.  These guys have been in cahoots for years and have stolen billions of dollars, if not for themselves for the politicians who installed them. It’s time to clean house…
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

BGG (Dinar Guru) –  What is amazing to me…regarding all the news out today… this topic – Currency reform, Dinar value and economic reform… IS PLAINLY BEING TALKED ABOUT. It’s NO SECRET. They are discussing it DAILY – and OPENLY.
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rcookie (Dinar Guru) –  Quote:   “1. Delete the zeros phantom inflation inherited from the siege and war…2.  Be the dollar value of 1 is equal to 1 dinar and 118 fils.  3.  eetm [meet?] payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.”  THEY ARE POUNDING THEIR CHESTS AGAIN ABOUT RESERVES AND GOLD LEVEL EXCEEDING INTERNATIONAL STANDARDS TO COVERT THEIR TRADE NEEDS…AND HERE THEY ASSERT THE DIFFICULTY OF CONVERSION INSIDE AND OUTSIDE OF IRAQ WITH EXISTING EXCHANGE RATE AND CALL FOR IRAQ TO RESTRUCTURE ITS CURRENCY…SAYING INFLATION HAS BEEN KEPT IN CHECK FOR DELETE THE ZEROES PROGRAM…AND SUGGEST THE VALUE OF $1 USD BE EQUAL TO 1 DINAR AND 118 FILS…AND OUTLINE TRADE PARTNERS WHO OPERATE WITH CURRENCY TRADE UNDERSTANDING THAT IS DEALT WITH BETWEEN THEM.
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wmawhite (Dinar Guru) –   “1. Delete the zeros phantom inflation inherited from the siege and war…2. Be the dollar value of 1 is equal to 1 dinar and 118 fils.  3.  eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.”   This is an Iraqi banker discussing on social media the need as well as the revaluation of the IQD. The information he discusses is quite detailed, even to the point of stating that the currency will have 100 fils.  IMO, he is comfortable enough to discuss this because it is common knowledge within his profession.  Why else discuss it?  We have the CBI, GOI telling us this is what they wany to do…And now, here is a banker telling us the details.  [WHAT IS 100 FILS…?]  a FIL is less than one…Think of our 1 cent, nickel, etc.
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IMF calls on the Government of Abadi to achieve reforms in exchange for loans

BAGHDAD / News Network – Iraq and the IMF agreed on Saturday to give Iraq a line of credit worth $ 5.34 billion to help it overcome the financial crisis faced after the deterioration of oil prices and the war against Alarhab. ooodh Fund said in a statement, that the Iraqi government will take place in case a loan an initial value of $ 634 million, while it must implement a series of economic reforms to get the rest of the installments of this assistance plan for three years.

The statement quoted Zhou Min, one of the assistant directors of the Fund, as saying: “Iraq’s economy has suffered severely from the double trauma of the organization of the Islamic state and severe attacks decline in oil prices.” Fund expressed in his statement expressed concern about the arrears, especially the “big” accumulated on Baghdad, which is struggling to meet its financial obligations.

The fund was granted in Baghdad in July 2015 a loan of $ 1.24 billion to help the advancement of the public own finances. Under the previous rapid financing tool program.
Iraq is going through a financial crisis due to falling oil prices, which constitutes 90% of the public budget is paid to borrow from the International Monetary Fund and the World Bank and earned them about $ 15 billion received by over three years…

BGG ~ Many thanks to Julian Washington for digging this up for us!!

Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –   Article:  “Transportation Announces opening of the large port of Faw project next year.”  THIS IS HUGE FOLKS… ABSOLUTELY GINORMOUS!  THIS IS THE SINGLE LARGEST INVESTMENT DEVELOPMENT PROJECT IN THE ENTIRE COUNTRY…AND THEY ARE TELLING YOU WHEN IT WILL LAUNCH AND BE LIVE!  THIS PROJECT WHEN COMPLETED WILL CONTRIBUTE MORE JOBS AND NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR…THIS PROJECT MORPHS THEM INTO WHOLE NEW STRATUSPHERE!  WILL DOUBLE GDP…AND WILL BE NON OIL REVENUES…WHICH WILL MAKE IMF & WB HAPPY AND ADDRESS UNEMPLOYMENT…BETWEEN THE LOANS AND BONDS AND INCREASE IN NON OIL REVEUES AND AWAY FROM OIL DEPENDENCE… TRUE ECONOMIC DIVERSITY AND SUSTAINABILITY…THEY WILL BE A POWERHOUSE.
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rcookie (Dinar Guru) –   Article quotes:  “Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank.  …”the Bank has a strategic plan for this year is to develop his work and introducing new technologies to keep up with technological advances applied in developed countries.”  THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES….OFFERING ONE STOP SHOPPING BANKING SERVICES…THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006…THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT…[GREAT NEWS, Now they just need a new value.]  EXACTLY.
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tlm724 (Dinar Guru) –   Article:  “The port of Khor Al-Zubair resume its work after a hiatus of three years”   Quote:  “A source said in an interview for “trend-Presse,” The reefer container project has been made available on her part in the joint operation contract with the German company Marlok.”   this is awesome and surely needed in Iraq. A reefer port is a refrigerated cargo terminal and they can keep cold stores for long periods of time ie: meat, orange juice etc and the ships are called “reefer ships” same thing, refrigerated cargo ships. Great news!
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Are consistent with the EFCC Act and Economic Reforms

With the rising importance of the transition to a market economy and reliance on the private sector as an essential factor for the advancement of Economics, headed the House of representatives to vote on amending the law of the Federation of Chambers of Commerce of Iraq during the current legislative term to its importance in achieving the objectives that correspond to government reforms…

Read More: www.dinarupdates.com/blog/
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mike (Dinar Guru) –   It’s amazing, four or five years ago I thought these guy’s would RV at $3 bucks and I’d be good to go. The history lesson I’ve learned over that time makes me scratch my head and wonder how in the heck I thought these guys could pull it off.  My dad used to have a saying, “if you find yourself in a hole with a shovel, put down the shovel.”  Iraq’s best and brightest still haven’t learned that simple lesson, quit digging a hole you’ll never get out of. 
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Bluedog (Dinar Guru) –   …WE WAIT…HOW LONG NO ONE KNOWS THEIR GAME… VIETNAM IS LINING UP AND IRAQ AT THIS MOMENT IN TIME LETS HOPE SOOOOOOOOOON.
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Kaperoni (Dinar Guru) –    Article:  “Rafidain Bank is preparing to expand his work and the opening of new branches”  …more banks to run to when the event begins.
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

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http://www.cbi.iq/

Indicative rates – 07.13.2015

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I miss the days when you couldn’t be sent to prison for not paying the fine you got for not being able to afford health insurance ~ BGG

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*** Current News ***

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Frank26 (Dinar Guru) –    Abadi is keeping his promise…the IMF gave Iraq certain loans already…they are now ready to give them an international loan…that is a completely different story…first remove all the restrictions on your currency then we will give you these loans…the big one…it is the big international loan that is now waiting to be given to them and it is in the billions… the IMF is pointing the finger straight to Parliament…telling them..you want these loans…finish the reforms…finish the Monetary Reform…so IMO…Iraq is removing the final restrictions on the exchange rate…because they are Article 8 compliant IMO…and we sit very quietly waiting for them to announce this to you…you see the evidence from 500 IQD notes and 250 IQD notes…and you will see more soon.  [post 2 of 2]
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Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
7/13 – LIVE CALL w/Q&A!!
641-715-3640 pin#528733

from 7/10 – Smart phone user link – Click here

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Frank26 (Dinar Guru) –   [Guru] DELTA came…and said…they just announced to the Iraqi citizens on Iraqia television that they are introducing the 500 IQD note to…the Iraqi citizens….this is the one with the Kurdistan language on it…So what else were we looking for…more of these LD’s…then once again DELTA comes…they just announced on Iraqia television the 250 IQD note…you understand the power behind this…these are lower denoms… they are introducing the currency without the 000’s.  We see things coming together…we no longer seek the liberation of two cities…we now only seek the liberation of the program rate of the Iraqi dinar…it is important that you realize that Abadi said that as soon as they got back from Eid, they were going to do the reforms very quickly…they are doing them…   [post 1 of 2….stay tuned]
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Poppy3 (Dinar Guru) –   […I was so excited when I saw the posts about the 1.18 in Iraq…]  THATS WHAT I RECEIVED SEVERAL TIMES…I WAS ALSO TOLD THAT IS NOT A RV RATE OF ANY KIND AND IT WOULD BE A MINIMUM BASE FOR THEM TO WORK FROM BUT THATS A GREAT START… PERTAINS MORE TO FULFILLING THE BUDGET REQUIREMENTS.  WE WAIT FOR ACTIONS TO BRING FORTH THE FACTS.  I HAVE NEVER HEARD ANYTHING FROM ANYONE OFFICIAL THAT HAS ANYTHING TO DO WITH SETTING A RATE STATE ANYTHING ABOUT A FLOAT.  THEY HAVE ALWAYS MAINTAINED A REASONABLE, MEDIAN RATE THEY KNOW THEY CAN MAINTAIN AND GROW THEIR ECONOMY FOR AT LEAST 24 MONTHS BEFORE THEY ALLOW A MARKET ECONOMY FLOAT PERIOD.
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Adam Montana (Dinar Guru) –    …we are done with Ramadan and the celebration of the end of Ramadan.  Nothing major has sprung up since the end of the holiday, but I do find it interesting that today’s Parliament session included these items:  “Ninth: report and discuss the draft law on ratification the Convention on Avoidance of Double Taxation Law and exchange of information with respect to taxes on income and capital … ”  “Eleventh: Report and discussion of the draft law of the  government banks. (Finance Committee, Legal Committee )…”  Why would we be hearing about these things if they planned  to stay poor? I don’t think they would.   What we really want to hear about is the HCL…
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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tman23 (Dinar Guru) –   [Sadr is getting Mad again….Not passing laws…not opening up the economy…floating Bonds…borrowing money from the IMF…Taxing Imports…Now talking about raising taxes on citizens…Not good.]  This Friday the people will be gathering…July 20th is a date set where as they are planning 10 million citizens to gather and over-throw the government of Iraq for …LACK OF SERVICES AND WELFARE… TICK-TOCK!  At this point they have to give the citizens something other than laws and empty promises…They need something tangible…REAL…And nothing in their country shows a promising future to them…. In other words they need instant gratification…the only thing that they all share in is the use of currency…AND IT IS JUST THAT SIMPLE!
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BGG (Dinar Guru) –   [Todays parliament meeting…on the whole package laws.]  personally – I don’t think that is what we are waiting on – good for Iraq, yes. Required for us… I doubt. [Do you think there is ANY chance they will lop?]  I do not.
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Kaperoni (Dinar Guru) –    Article quote:  “…the diagnosis of the priorities of the suffering of the banking sector requires the central bank and the relevant authorities to draw and to develop mechanisms and procedures for processing during the year 2016…”  […it seems the CBI is prepped and almost ready….wouldn’t you say…?]  I think the CBI has been ready for a while…The GOI/Parliament needs to get their part done.  Pass laws!
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Upgrading of Iraqi currency …

(A very special thanks to Holly1 for sharing such an insightful conversation with her personal, direct contacts – this is excerpted from a FaceBook conversation with a group of Iraqi bankers and economists)

Ahmed Salami

– Dinar plastic (polymer)

– restructuring of the Iraqi currency

Re – evaluate the value of the dinar…

Read More: www.dinarupdates.com/blog

BGG: Oh wow!! Great stuff!! However, I find still it AMAZING how these ignorant “guru types” wait for our people to dig stuff like this up (Thanks so much Holly)… give them no credit for it… wait for our other people to comment on it (Doing a 3 hour News Time and “After Call” on it). Study up… then are still so ignorant (or drunk) on the subject matter, they COMPLETELY BUTCHER the whole concept of what is going on here…

WAKE UP PEOPLE!!

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rcookie (Dinar Guru) –   Article:  “Resumed the House of Representatives, on Tuesday, the opening of its first legislative term of the third legislative year in the third parliamentary session.”  SO PARLIAMENT MET SUCCESSFULLY UNDER JABOURI…GOT THE 1ST ONE OUT OF THE WAY…DISCUSSED SECURITY FILES AND ISSUES…  [did they vote on anything…thats what we need?]  NO…NO VOTES BUT READ A FEW LAWS…
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Holly1 (Dinar Guru) –   …WHAT IS GOING ON IN IRAQ …CANT MAKE IT AT 1182 NO WAY NO HOW … THEY NEED STEPS AND A HUGE ONE PEOPLE DEMANDING A NEW PRICE OF THE DINAR IMO.
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firefly (Dinar Guru) –   the wait is not important…what is important is they are now telling us in detail what is occurring.
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Iraqi Dinar/Dollar auction (most recent listing) 07-12-16

Currency Auctions Announcement No. 3237

This daily currency auction was held in the Central Bank of Iraq on the 07-12-2016

The results were as follows:

______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 07-12-16

Currency Auctions Announcement No. 3238

This daily currency auction was held in the Central Bank of Iraq on the 07-12-2016

The results were as follows:

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

rcookie (Dinar Guru) –   Article quote:  “Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank.”  …THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES….OFFERING ONE STOP SHOPPING BANKING SERVICES…THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006…THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT.
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mike (Dinar Guru) –  Article:  “The government is considering increasing the tax rate on employees”  …this ain’t going over well with the people. I can see Sadr now standing up on his soap box denouncing the government for this act.   At every turn they do everything they can to not pass the laws, open up the economy and get the currency internationally recognized.  Instead, they float bonds, borrow money from the IMF, tax imports and now they’re talking about increasing taxes on the citizenry.  This ain’t the right direction Iraq.
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BGG (Dinar Guru) –  […have you seen the article about Upgrading your currency…if so what is your take on that?  …the numbers are align up with yesterdays discussion with the Iraq banker…]    …if they are discussing this – in that frame of reference privately – this is SERIOUS. I am excited. 
______________________________________________________________

Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
7/10 – LIVE CALL w/Q&A!!
641-715-3640 pin#528733

Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) –   Quote:  “... forcing banks to deploy ATMs in every province… and the introduction of credit cards for banks digital money…”  THEY ARE DISCUSSING GOING DIGITAL WITH THE INTRODUCTION AND DISBURSEMENT OF SOPHISTICATED NETWORK OF ATM MACHINES THROUGHOUT THE PROVINCES ACCORDING TO POPULATION DENSITY…AS WELL AS BRING BANKING SECTOR TO THE LEVELS OF ADVANCED TECHNOLOGY AND SERVICE OF GLOBAL STANDARDS…
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rcookie (Dinar Guru) –    Quote:  “Ammar Abdullah GhaithInterest is the rehabilitation of monetary value of the currency to make it universally used by tourists, traders”  THIS ECONOMIST ASSERTS THE REHABILITATION OF THE IQD IS TO MAKE IT UNIVERSALLY USED BY TOURISTS & TRADERS AND BE USED INTERNALLY & EXTERNALLY INSTEAD OF THE DOLLAR…DECREASING NUMERIC VALUE…CURB INFLATION…RAISE THE PURCHASING POWER AND SUPPORT THE ECONOMY…AND HAVE THIS ALL REFLECT STRENGTH IN THE EXCHANGE RATE AGAINST THE USD AND GLOBAL CURRENCIES WHICH IT OBVIOUSLY CURRENTLY DOES NOT DO…
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mike (Dinar Guru) –   Article quote:  “…that the lack of security and stability and political chaos and widespread administration available corruption and other internal conflicts, are factors that hinder the performance of the banking sector…”  I say out with the old and in with the new.  These guys have been in cahoots for years and have stolen billions of dollars, if not for themselves for the politicians who installed them. It’s time to clean house…
______________________________________________________________

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________

BGG (Dinar Guru) –  What is amazing to me…regarding all the news out today… this topic – Currency reform, Dinar value and economic reform… IS PLAINLY BEING TALKED ABOUT. It’s NO SECRET. They are discussing it DAILY – and OPENLY.
______________________________________________________________

rcookie (Dinar Guru) –  Quote:   “1. Delete the zeros phantom inflation inherited from the siege and war…2.  Be the dollar value of 1 is equal to 1 dinar and 118 fils.  3.  eetm [meet?] payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.”  THEY ARE POUNDING THEIR CHESTS AGAIN ABOUT RESERVES AND GOLD LEVEL EXCEEDING INTERNATIONAL STANDARDS TO COVERT THEIR TRADE NEEDS…AND HERE THEY ASSERT THE DIFFICULTY OF CONVERSION INSIDE AND OUTSIDE OF IRAQ WITH EXISTING EXCHANGE RATE AND CALL FOR IRAQ TO RESTRUCTURE ITS CURRENCY…SAYING INFLATION HAS BEEN KEPT IN CHECK FOR DELETE THE ZEROES PROGRAM…AND SUGGEST THE VALUE OF $1 USD BE EQUAL TO 1 DINAR AND 118 FILS…AND OUTLINE TRADE PARTNERS WHO OPERATE WITH CURRENCY TRADE UNDERSTANDING THAT IS DEALT WITH BETWEEN THEM.
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wmawhite (Dinar Guru) –   “1. Delete the zeros phantom inflation inherited from the siege and war…2. Be the dollar value of 1 is equal to 1 dinar and 118 fils.  3.  eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.”   This is an Iraqi banker discussing on social media the need as well as the revaluation of the IQD. The information he discusses is quite detailed, even to the point of stating that the currency will have 100 fils.  IMO, he is comfortable enough to discuss this because it is common knowledge within his profession.  Why else discuss it?  We have the CBI, GOI telling us this is what they wany to do…And now, here is a banker telling us the details.  [WHAT IS 100 FILS…?]  a FIL is less than one…Think of our 1 cent, nickel, etc.
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IMF calls on the Government of Abadi to achieve reforms in exchange for loans

BAGHDAD / News Network – Iraq and the IMF agreed on Saturday to give Iraq a line of credit worth $ 5.34 billion to help it overcome the financial crisis faced after the deterioration of oil prices and the war against Alarhab. ooodh Fund said in a statement, that the Iraqi government will take place in case a loan an initial value of $ 634 million, while it must implement a series of economic reforms to get the rest of the installments of this assistance plan for three years.

The statement quoted Zhou Min, one of the assistant directors of the Fund, as saying: “Iraq’s economy has suffered severely from the double trauma of the organization of the Islamic state and severe attacks decline in oil prices.” Fund expressed in his statement expressed concern about the arrears, especially the “big” accumulated on Baghdad, which is struggling to meet its financial obligations.

The fund was granted in Baghdad in July 2015 a loan of $ 1.24 billion to help the advancement of the public own finances. Under the previous rapid financing tool program.
Iraq is going through a financial crisis due to falling oil prices, which constitutes 90% of the public budget is paid to borrow from the International Monetary Fund and the World Bank and earned them about $ 15 billion received by over three years…

BGG ~ Many thanks to Julian Washington for digging this up for us!!

Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –   Article:  “Transportation Announces opening of the large port of Faw project next year.”  THIS IS HUGE FOLKS… ABSOLUTELY GINORMOUS!  THIS IS THE SINGLE LARGEST INVESTMENT DEVELOPMENT PROJECT IN THE ENTIRE COUNTRY…AND THEY ARE TELLING YOU WHEN IT WILL LAUNCH AND BE LIVE!  THIS PROJECT WHEN COMPLETED WILL CONTRIBUTE MORE JOBS AND NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR…THIS PROJECT MORPHS THEM INTO WHOLE NEW STRATUSPHERE!  WILL DOUBLE GDP…AND WILL BE NON OIL REVENUES…WHICH WILL MAKE IMF & WB HAPPY AND ADDRESS UNEMPLOYMENT…BETWEEN THE LOANS AND BONDS AND INCREASE IN NON OIL REVEUES AND AWAY FROM OIL DEPENDENCE… TRUE ECONOMIC DIVERSITY AND SUSTAINABILITY…THEY WILL BE A POWERHOUSE.
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rcookie (Dinar Guru) –   Article quotes:  “Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank.  …”the Bank has a strategic plan for this year is to develop his work and introducing new technologies to keep up with technological advances applied in developed countries.”  THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES….OFFERING ONE STOP SHOPPING BANKING SERVICES…THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006…THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT…[GREAT NEWS, Now they just need a new value.]  EXACTLY.
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tlm724 (Dinar Guru) –   Article:  “The port of Khor Al-Zubair resume its work after a hiatus of three years”   Quote:  “A source said in an interview for “trend-Presse,” The reefer container project has been made available on her part in the joint operation contract with the German company Marlok.”   this is awesome and surely needed in Iraq. A reefer port is a refrigerated cargo terminal and they can keep cold stores for long periods of time ie: meat, orange juice etc and the ships are called “reefer ships” same thing, refrigerated cargo ships. Great news!
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Are consistent with the EFCC Act and Economic Reforms

With the rising importance of the transition to a market economy and reliance on the private sector as an essential factor for the advancement of Economics, headed the House of representatives to vote on amending the law of the Federation of Chambers of Commerce of Iraq during the current legislative term to its importance in achieving the objectives that correspond to government reforms…

Read More: www.dinarupdates.com/blog/
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mike (Dinar Guru) –   It’s amazing, four or five years ago I thought these guy’s would RV at $3 bucks and I’d be good to go. The history lesson I’ve learned over that time makes me scratch my head and wonder how in the heck I thought these guys could pull it off.  My dad used to have a saying, “if you find yourself in a hole with a shovel, put down the shovel.”  Iraq’s best and brightest still haven’t learned that simple lesson, quit digging a hole you’ll never get out of. 
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Bluedog (Dinar Guru) –   …WE WAIT…HOW LONG NO ONE KNOWS THEIR GAME… VIETNAM IS LINING UP AND IRAQ AT THIS MOMENT IN TIME LETS HOPE SOOOOOOOOOON.
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Kaperoni (Dinar Guru) –    Article:  “Rafidain Bank is preparing to expand his work and the opening of new branches”  …more banks to run to when the event begins.
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

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http://www.cbi.iq/

Indicative rates – 07.11.2015

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Experience trumps brilliance. – Thomas Sowell

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*** Current News ***

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wmawhite (Dinar Guru) –    “1. Delete the zeros phantom inflation inherited from the siege and war…2. Be the dollar value of 1 is equal to 1 dinar and 118 fils.  3.  eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.”   This is an Iraqi banker discussing on social media the need as well as the revaluation of the IQD. The information he discusses is quite detailed, even to the point of stating that the currency will have 100 fils.  IMO, he is comfortable enough to discuss this because it is common knowledge within his profession.  Why else discuss it?  We have the CBI, GOI telling us this is what they wany to do…And now, here is a banker telling us the details.  [WHAT IS 100 FILS…?]  a FIL is less than one…Think of our 1 cent, nickel, etc.
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rcookie (Dinar Guru) –    Article:  “Transportation Announces opening of the large port of Faw project next year.”  THIS IS HUGE FOLKS… ABSOLUTELY GINORMOUS!  THIS IS THE SINGLE LARGEST INVESTMENT DEVELOPMENT PROJECT IN THE ENTIRE COUNTRY…AND THEY ARE TELLING YOU WHEN IT WILL LAUNCH AND BE LIVE!  THIS PROJECT WHEN COMPLETED WILL CONTRIBUTE MORE JOBS AND NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR…THIS PROJECT MORPHS THEM INTO WHOLE NEW STRATUSPHERE!  WILL DOUBLE GDP…AND WILL BE NON OIL REVENUES…WHICH WILL MAKE IMF & WB HAPPY AND ADDRESS UNEMPLOYMENT…BETWEEN THE LOANS AND BONDS AND INCREASE IN NON OIL REVEUES AND AWAY FROM OIL DEPENDENCE… TRUE ECONOMIC DIVERSITY AND SUSTAINABILITY…THEY WILL BE A POWERHOUSE.
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tlm724 (Dinar Guru) –    Article:  “The port of Khor Al-Zubair resume its work after a hiatus of three years”   Quote:  “A source said in an interview for “trend-Presse,” The reefer container project has been made available on her part in the joint operation contract with the German company Marlok.”   this is awesome and surely needed in Iraq. A reefer port is a refrigerated cargo terminal and they can keep cold stores for long periods of time ie: meat, orange juice etc and the ships are called “reefer ships” same thing, refrigerated cargo ships. Great news!
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Monday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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rcookie (Dinar Guru) –    Article quotes:  “Rafidain Bank, announced Saturday a plan to expand his business and opening new branches in Baghdad and the provinces to provide services and subsidies given to citizens Bank.  …”the Bank has a strategic plan for this year is to develop his work and introducing new technologies to keep up with technological advances applied in developed countries.”  THIS IS FURTHER NEWS OF THE PROGRESS OF OPENING RESTRUCTURED & PRIVATIZED BRANCHES….OFFERING ONE STOP SHOPPING BANKING SERVICES…THEY ANNOUNCED MONTHS AGO TO BR AT 97% COMPLETION OF THE SOB PRIVATIZATION PROJECT BEING OVERSEEN BY WORLD BANK SINCE 2006…THIS IS THE EVIDENCIARY CONCLUSION TO THAT PROJECT…[GREAT NEWS, Now they just need a new value.]   EXACTLY.
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mike (Dinar Guru) –    It’s amazing, four or five years ago I thought these guy’s would RV at $3 bucks and I’d be good to go. The history lesson I’ve learned over that time makes me scratch my head and wonder how in the heck I thought these guys could pull it off.  My dad used to have a saying, “if you find yourself in a hole with a shovel, put down the shovel.”  Iraq’s best and brightest still haven’t learned that simple lesson, quit digging a hole you’ll never get out of. 
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Kaperoni (Dinar Guru) –    Article:  “Rafidain Bank is preparing to expand his work and the opening of new branches”  …more banks to run to when the event begins.
Kaperoni Article: “Rafidain Bank is preparing to expand his work and the opening of new branches” …more banks to run to when the event begins.
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Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
7/10 – LIVE CALL w/Q&A!!
641-715-3640 pin#528733

Smart phone user link – Click here

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Bondlady (Dinar Guru) –    Article quote:  “The IMF approved, to grant Iraq credit line worth $ 5.34 billion to help it overcome the financial crisis faced after the deterioration of oil prices and the war against terrorism.”  it*** must*** implement ***a series of economic reforms ***to get the rest of the installments*** of this assistance plan for three years.
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BGG (Dinar Guru) –    the June/July thing has been wildly over blown AND I think everyone is missing the significance – THEY ARE RE-INTEGRATING with the world now…and are still THE MOST UNDERVALUED CURRENCY there is…”Grossly undervalued” is the terminology used by economists…GOOD FOR US.  Abadi is still pushing forward on all kinds of reforms… There is lots of news out confirming and talking about the first installment by the IMF getting sent to Iraq… (…it is being sent “incrementally” – based on their implementation of “reforms”) – ask yourself at what point is “currency reform” on their check list…that is the question you SHOULD BE ASKING.  [Any thoughts on the progress of the cabinet reshuffle and the possibility of reaching a quorum to get the important laws passed?]    I think that is all soon. Abadi will get that done.   [post 2 of 2]
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BGG (Dinar Guru) –  […why the delay in revalue of dinar and what he think is coming down the road?]  First off – “delay in the revalue of dinar” implies that anyone (here on the web) “knows” when it was supposed to happen – this assumption is flawed. This is not the case – highly unlikely anyone has real “fore-knowledge” of such an event…  what do we KNOW?  …according to the SIGR report – this was plainly supposed to have been done in 2013 – AT AROUND A BUCK…this is information delivered to the US Congress. I doubt it is inaccurate.  why was it delayed? The CoM plainly stated their reasoning. Looking at their comments then and now – it looks like they are rapidly addressing these issues.  [post 1 of 2….stay tuned]
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https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
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 Delta (Dinar Guru) –   Article:  “IMF calls on the Government of Abadi to achieve reforms in exchange for loans”   IMF ASKED IRAQI GOVERNMENT TO IMPLEMENT ECONOMIC REFORM IN EXCHANGE FOR THE REST OF THE LOAN.
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BGG (Dinar Guru) –  [So, this could take another year or so…?]  I doubt it – anything is possible…they have some serious hurdles – but I am excited about where they are going – and at what speed they are getting there…are these hurdles before or after the point of currency “realignment” you and I are hoping for – I do not know… NOR DOES ANYONE ELSE.
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BGG (Dinar Guru) –   this bit about the 250 notes and 500 notes…This is NOT SOME QUE to an RV…OR KEY…It is simply the GOI/Baghdad – “romancing” the Kurds – which is good…our 250 and 500 notes will be fine (as are the new and old 25k notes) – ALL GOOD.   …The CBI and Parliament have been promising the Kurds new money (which includes them) for YEARS…    …THE CENTRAL GOV’T reaching out and including the KURDS…kinda funny it’s just showed up now… I suspect it has been printed and waiting all along.
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Iraqi Dinar/Dollar auction (most recent listing) 07-05-16

Currency Auctions Announcement No. 3235

This daily currency auction was held in the Central Bank of Iraq on the 07-05-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) –    PARLIAMENT RECONFIRMS ITS MEETING FOR TUESDAY THE 12TH AT 11:00 AM WITH NO ANNOUNCED AGENDA OTHER THAN THEY WANT SHAMMARI URGENTLY FOR QUESTIONING…ABADI ANNOUNCES COMPLETE CLOSING OF EVERYTHING TOMORROW (SUNDAY) FOR EID AL-FITR…
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Frank26 (Dinar Guru) –   [Do you believe there will be a time limit that we will be able to keep our Dinar after the RV?]  IMO … No… Because more important investors than YOU … Would not be pleased.
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BGG (Dinar Guru) –   we are on the “upswing” as far as investments go…this LOI to the IMF and IMF oversight is BIG NEWS… and explains a lot regarding the clean-up and direction in Iraq right now…had the previous Shia bunch had their way – this may have NEVER HAPPENED… as of now – things are moving along AT SPEED!!  Personally – (and this is my take)…the first half of the year – is some kind of “manufactured” DEAD-LINE…in reality – they are “in the process” of re-engaging with the world markets and economies now…on schedule – under the advisement and oversight of the IMF…and this – is BIG NEWS. Did they say R.V. by such and such date??  NO – but they did say they would start this process and they have…it is very – very – VERY good for us, as investors.   I am excited – and I sat in on one of the first board meetings about Dinar there ever was.
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Iraq and the International Monetary Fund

Hussein Ahmed Sarhan

Reading in the government’s commitments to the 2016 direction of the Fund under 22 / December / agreement in 2015

Because of the difficult economic conditions experienced by Iraq due to the escalation of the level of military spending after the control of the organization of what is known as (the Islamic state “Daash”) terrorist nearly one-third of the Iraqi state area since June 2014, and the drop in oil prices late the same year, which caused a shock of revenue for the state budget, which led to the promotion of the budget deficit.

For this purpose, the government began her meetings with international financial institutions, particularly the IMF and the World Bank for financial assistance as provided for in the general budget for the 2016 law, which requires him to issue a “letter of intent” and the memorandum of economic and financial policies…

Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –    THE 12TH IS A DATE BEING REPORTED AS THE RETURN OF REGULAR PARLIAMENT SESSIONS IN THIS LEGISLATIVE TERM…FINANCIAL & ECONOMIC LAWS…ARE CUED UP AND AWAITING VOTE…THESE HAVE ALL BEEN GIVEN PRIORITY STATUS FOR ADDRESSMENT UPON PARLIAMENTS RETURN…AS WELL AS SOME OF THE NATIONAL RECONCILIATION AND UNITY LAWS… AMNESTY/ACCOUNTABILITY & JUSTICE/ FED COURT…
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rcookie (Dinar Guru) –   TO ALLOW FOR PERSPECTIVE AND PROGRESS YOU HAVE TO LOOK AT THE LOI’S THROUGH THE YEARS AND LOOK AT THE INITIATIVES…THE REVIEW WINDOWS AND CYCLES TO SEE THE SCOPE OF THE PROGRAMS AND TECHNICAL ASSISTANCE FROM IMF AND WB…AND HOW THEY HAVE SHAPED EVERY SINGLE COMPONENT OF THEIR 5 YEAR STRATEGIC PLAN THAT IS PUBLISHED ON THE CBI WEBSITE…AND DOMINATES EVERY POLICY AND ACTION THEY UNDERTAKE…THESE INITIATIVES AND ACTIONS ARENT THINGS THAT JUST CAME TO THEM…THEY HAVE BEEN RESTRUCTURING THE SOB’S WITH WORLD BANK ASSISTANCE SINCE 2006…THATS 10 YEARS...SO WHEN WE READ A COUPLE OF MONTHS AGO THEY WERE 97% COMPLETE…THAT IS 10 YEARS IN THE MAKING…
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wmawhite (Dinar Guru) –   Article:  “Iraq new 500-dinar note with Kurdish confirmed”  After reading this article/announcement…I asked why would the CBI spend $millions on a note that has a current equivalent value of $0.43.  Currently, this note has no place within the market place, similar to the former 50 IQD note. Yet, they spend millions to make the Kurds happy based upon promises made years ago. IMO, this is evidence that a shift in the value of the Iraqi Dinar is near because this note will be of no value in the marketplace unless the price of product is reduced dramatically. This will happen when the value of the IQD increases dramatically OUTSIDE of Iraq.
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Are consistent with the EFCC Act and Economic Reforms

With the rising importance of the transition to a market economy and reliance on the private sector as an essential factor for the advancement of Economics, headed the House of representatives to vote on amending the law of the Federation of Chambers of Commerce of Iraq during the current legislative term to its importance in achieving the objectives that correspond to government reforms…

Read More: www.dinarupdates.com/blog/
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Enorrste (Dinar Guru) –   To just state that the money supply is increasing does not mean that the value of the dinar is falling.  We know that the increase is not a concern because inflation in Iraq has been kept in check for years.  The real reason the money supply is increasing is due to the liquidity problem.  That is not related to the value of the dinar.  As the CBI has stated many times, in their view (given their reserves) the dinar is grossly undervalued.  [post 2 of 2]
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Enorrste (Dinar Guru) –   ...since 2011 the money supply in Iraq has risen about 10%.  That is only 2% per year, which in world terms is quite conservative.  With respect to the 50k notes, again, it is simply not the case that the CBI or anyone else just “gives out” the new bills.  They are traded for other bills or are issued as replacements for worn out money.  None of this affects the money supply itself.  …a 2% annual increase in the money supply barely keeps up with economic growth.  If the economic growth in Iraq averages, say, 4% per annum then the overall affect of a 2% growth in money supply places upward pressure on the value of the dinar, not downward.  This is the key point here.  It is all relative.   [post 1 of 2….stay tuned]
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com