Chattels – Dinar Guru   Article quote:   “…the government still suffers from corruption, economic mismanagement and political polarization, and it will take strong secular leadership to create the stability Sistani is seeking. The question is whether such progress will be made during the ayatollah’s lifetime.”  The foregoing begs the question of whether we will see the stability necessary to realize an increase in the value of the dinar in our lifetime.

Statement issued by the Board of Directors of the Central Bank of Iraq

In line with the development of the democratic process in Iraq and the resulting rotation of the authorities in a positive and stable atmosphere, the Central Bank of Iraq looks forward to continue to play its pivotal role in building the state to improve the financial and economic situation in Iraq.

This optimism is supported by a strong financial reserve exceeding US $ 60 billion as a result of the fiscal and monetary policies adopted by the Central Bank over the past years to stabilize the general financial situation, especially in 2014 and the years that followed, with financial conditions at their lowest levels. These years, which brought data threatened the ability of the state to cover the operational expenses and salaries of employees.

However, despite the difficult circumstances of low oil prices and the high cost of Iraq’s war against the terrorist campaign to liberate its territory, the central bank continued to manage the country’s reserves sufficiently to meet international standards and to strengthen the country’s financial capabilities Not less than (16) trillion dinars in the form of remittances discounted, which led to support financial stability and contribute effectively to overcome the crisis. As a continuation of the central role of the central bank as a pillar of the country’s economy, a positive improvement in oil prices coupled with sound fiscal and monetary policies will enable the Iraqi government to pay early remittances and increase the value of reserves to higher levels.

The central bank’s monetary policy will continue to play an active role in maintaining exchange rates and reducing the gap between official and market prices under highly complex internal and external circumstances. This is in addition to playing a central role in controlling the inflation rate and reaching the low levels of less than (1%) to maintain the general level of prices and attract investment.

As the central bank ensures the safety of the financial system, it will continue to play this role and more effectively in the next phase as the bank of the State to promote the Iraqi economy and support for reconstruction and investment efforts, which was the implementation of the largest lending initiative for the housing sector has exceeded two trillion dinars and other lending programs .

Board of Directors

Baghdad

Read More: Cbi.iq

Phillyman – Dinar Guru  Article:  “Iraq’s Sadr rejects secret vote for new cabinet”   Quote:  “Iraq’s Shia cleric Muqtada Al-Sadr today rejected a secret vote in parliament on the new cabinet lineup.”  How can you blame him with all the corruption that has taken place?  Sadr does not like the “secret vote” but it looks like it is still on for today.

ChrisC – Dinar Guru   ...Do the people know they are going to be revalued?  Logic would say yes and the second article is just a final statement from the CBI of timing and instructions. They went to a lot of trouble and put the people through a lot of hardship removing the 1000, 500 and 250 out of the market just so, apparently, the people wouldn’t be confused with the new design. I remember when the new 100 bill came out here.  It was a little of a surprise to see it but in a few days it was no big deal.  I fully expect this to happen soon. It is absurd to think Iraq will not have a strong international currency…

David M. Witty – Dinar Guru   Source says incoming Iraqi PM Abdel-Mahdi turns down Maliki’s request to make Malaki’s son in law minister of Youth & Sports. Also turns down Maliki’s request for Dawa Party member to get Oil Ministry.

Delta – Dinar Guru  Nov. 4th Iran sanctions – toughest ever…SWIFT will be disconnected… cannot wire money or use USD.  IMHO…CBI knows exactly what will happen…needs to act fast…IQD attractive right now…more demand on IQD now! Iraq is all the focus right now “Babylon is going to rise”…All eyes on Iraq…will be very successful!

Phillyman – Dinar Guru   Article:  “Parliamentary signatures to pass Abdul Mahdi’s cabin through secret ballot”  Quotes:  “…the political blocs will vote on the government of Adel Abdul Mahdi after reviewing the biography of the ministers, and any minister whose career does not meet the specifications wanted by the Iraqi street, will be rejected nomination.”;   “…the Prime Minister-designate will present his cabinet to the House of Representatives on Thursday or the beginning of the last week of October to vote.”   Some in the dinar world suggest that the monetary change is tied to the formation of the new government.  Making the leap that this article is true it looks like that may be delayed a little.

Bloodloch – Dinar Guru   […how DOES Iraq turn trillions of dinar into billions of dinar that are equal to the worth of a dollar and we still get our ‘tasty treat’ preferably (but unlikely) before Halloween?]…  I knew I probably should not have used a Halloween metaphor. But who knows, maybe it will happen by then, although I’m not predicting as much. …As for how they’ll turn those trillions into billions, that’s the crux of it, the secret sauce so to speak.  The fact that the CBI hasn’t announced the details yet means it’s probably a secret.  Whether I’m right or wrong, …doesn’t really matter. I’m waiting on the release of the very low denominations in the 1 dinar to 100 dinar range before I’ll know for sure. Until then, it’s still in play. The release of those very low denominations. That’ll be our confirmation one way or the other. 

Mnt Goat – Dinar Guru   I want to remind everyone that there is NO FACTUAL basis for anyone telling you the Reinstatement is imminent. I know of a plan to reinstate the currency by the end of October if and only if the US is willing to sign off on it. This will NOT occur unless the government is “fully” formed and key positions are NOT in jeopardy.Personally, I believe we will move into 2019 without a reinstatement as the CBI is already looking at this timeframe as a possibility. There is just too much evidence building already for the case of 2019.

Bloodloch – Dinar Guru   There are reports of recent IQD talk from an Iraqi economist along the lines of “We should equal the US dollar.”  If true, this is precisely what I’ve been expecting them to inevitably do. To the penny. Yet, they cannot just suddenly declare 44 trillion issued and outstanding dinars to have an exchange value of 44 trillion dollars now can they? No, of course not, since the idea is not to chase dinars out of the country for subsequent ex-pat exchange abuses, but to draw them into the financial system for the benefit of all Iraqi citizens.   And if that’s true, that they are not going to suddenly increase the exchange value of their issued dinars to equal the dollar, one might ask, what are they going to do to reestablish a vigorous and valuable sovereign Iraqi currency?  Within that answer may lie both the trick and the happy treat.

Abdul-Mahdi to Announce Cabinet Line-up This Week

ERBIL — The incoming prime minister of Iraq, Adil Abdul-Mahdi, is expected to announce the line-up of his new cabinet on Wednesday this week, a media source said.

The list of suggested ministers would be presented at the parliament for legislative’s vote, according to Shafaq News. However, it will only consist of 15 ministers.

Reports revealed that the main ministries of oil, finance, interior affairs, foreign affairs, planning, and defense would be finalized later as political factions have not yet reached an agreement on who will be appointed to the positions.

It is claimed that Abdul-Mahdi’s cabinet will at least have 11 to 13 ministers without political affiliation to a certain political party, what the cabinet insists to name as “technocrats”.

Source: Basnews.com

Chattels – Dinar Guru  [will they make the 24th deadline?]  The 24th is Mahdi’s target date. The constitutional “deadline” is November 2/3.  News reports say Monday (22nd) or Wednesday (24th) that a list will be published, so it appears that Mahdi may meet his targeted date with a partial list.  Every nominee on the list must be voted upon by Parliament individually.

Frank26 – Dinar Guru   Here’s another question that my bank friends asked: Your intentions to reinstate the currency…is this correct? To which Mousawi said:  We are Sovereign as a people, and we are going to have a Sovereign currency, and yes! We most definitely plan to be international. Yes! We are working with Alaq to do this… SOON. But, if I may ask a third question: What is the value of the currency going to be? Well, we are undervalue with our currency right now. It is not the true value of the dinar. We should equal the US dollar. Please notice that there is no denial of the Monetary Reform and the reinstatement of the Iraqi dinar. And please… Notice the ADMISSION…that it is in progress right now and SOON… to be released.   [post 3 of 3]

Frank26 – Dinar Guru   …Mousawi…that has worked with the CBI for many years, he has to be very careful how he answers the questions.  Why? Because the whole Monetary Reform, the reinstatement of the Iraqi Dinar, is well calculated.  They responded…that the process…”…is “on-going” with the CBI. It is in motion right now.  That’s very good. And when do you think these Small Category Notes with the Metals, for the Fils, when do you think they are going to be coming out? He responded..We are in the education process, as we told you. And that education process continues with Alaq. And we have every intention to reform our currency…as far as the coins of the Monetary Reform, it’s definitely in process. And it has well progressed.    [post 2 of 3….stay tuned]

Frank26 – Dinar Guru   …the Symposium, that was being held by Mousawi, one of the well trusted economists in Iraq….at a University where there were hundreds of students…they were talking about the Iraqi Currency. When the Symposium was complete…they opened it up to Questions and Answers.  It wasn’t for the Media. …There were hundreds of students. Plus, my friend [Guru] Walkingstick’s firm. The Members of his Firm that own banks…all those people that represent the ownership of the banks with my friend’s company, with their firm in Iraq. When it came time for my friend Walkingstick’s firm to ask questions…They only wanted one question answered. When? When, are you going to release the Small Category Notes with the Fils, that you told us about?  [post 1 of 3….stay tuned]

Delta – Dinar Guru   Article:    “Indicators of improvement and realistic stability Mohammed Hassan Al Mousawi”   Quote:  “Financial indicator: The deletion of zeros from the Iraqi currency evidence of the strength of the Iraqi dinar exchange and return to the predecessor of his reign.”   [This ENTIRE  article is telling us ALL the accomplishments that Iraq HAS ACHIEVED!! IMO…all past tense!]

Indicators of improvement and realistic stability

By: Mohamed Hassan Moussawi.

Security Index:

– The opening of the Green Zone in the face of citizens and the abolition of security squares and lifting the bottlenecks and the disappearance of checkpoints and the end of assassinations is evidence of the improvement of the security situation.
– The disappearance of armed manifestations from the streets and the confiscation of arms by the state is only evidence of the rule of law…

…Investment Index:

The rush of countries and international companies to work in Iraq and investment in it is evidence of the development of the economic environment and security and economic stability.

Financial indicator:

The deletion of zeros from the Iraqi currency evidence of the strength of the Iraqi dinar exchange and return to the predecessor of his reign…

…Election on the basis of political programs:

– The disappearance of the phenomenon of party idolatry and the sanctification of political symbols is evidence of the improvement of political awareness of ordinary citizens.

These and others represent the indicators of development, improvement and stability in the public life and the state facilities that citizens are supposed to touch in reality and daily life. Without this, talk of improvement and stability will remain slogans for political consumption…

Source

Mnt Goat – Dinar Guru   We heard that on Wednesday 10/24 the designate prime minster is supposed to announce candidates (as least half of his new cabinet) to meet the constitution deadline. But wait a second…the constitution says entire government not half of it. But this is a game each prime minister plays. They submit an entire list of nominees then they expect some to be rejected. They then have another 30 days to re-select these remaining positions. This meets the deadline and everyone is happy. We are in the waiting mode again.

Currency365 – Dinar Guru  Iraq’s Oil Minister Jabbar al-Luiebi decreed on Thursday the transfer of the ownership of nine state-held oil companies from the oil ministry to the newly formed National Oil Company…(Preparing for Citizens monthly Oil Revenue)

Mnt Goat – Dinar Guru   Right now we are waiting for the new designate PM to form his government, which is his cabinet of ministers that run the government. We know the constitutional deadline is Oct 24th in which to do this. The new speaker just told us…that he fully expects to hold a vote to ratify the new cabinet within this timeframe. We know the USA refuses to sign off and give a full commitment to reinstate the dinar unless they see a stable new government. One of the conditions they have give is to form their new government.  Iraqi news reports that Prime Minister-Designate Madhi will present his cabinet choices on Saturday Oct 20th and Parliament will hold a special session on Sunday for voting.

Bloodloch – Dinar Guru    I noticed some suggestions going around here and there concerning the total of dinars In circulation (currency issued) going from about 150 trillion to 44 trillion dinars as a sign of the CBI’s seriousness about their plan to revitalize or reinvigorate their currency, and that got me to thinking. Cutting to the chase, the fact is that the CBI has never shown a currency issued figure anywhere near 150 trillion dinars. …The most recent value for Currency Issued per the CBI financial statements as of December 31, 2017, is indeed 44 trillion dinars, as seems to now be commonly known. …It’s important as a community that we rely on confirmable facts in our analyses. These corrected facts will bear fruit.

Mnt Goat – Dinar Guru   We all are aware that the dinar, as it stands today, is worth much more than the program rate now assigned by the CBI. But this higher rate must be realized by supply and demand for the currency. Just be reducing the amount of dinar in circulation down from about 150 trillion to 44 trillion dinars alone is showing us the CBI is serious about this plan.  It is only when the dinar is re-pegged to the SDR basket and then gets reinstated to the open market trading platforms once again, as it was in pre-war days, that the dinar can potentially go to a much more substantial rate. Many call this the “revaluation” or RV but technically an RV never really happens. It is a “reinstatement” that occurs that eventually gives the dinar back it former rate (glory days) plus more.

Phillyman – Dinar Guru   …Abdul-Mahdi is supposed to finally present at least half his cabinet next week but as I read in one article there still are issues.  Quote: “According to the sources, the debate is still large on the ministries of defense and interior and foreign affairs and finance and planning…”  But, the big article of today to me is the GE news…The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said.  Article quote:  “This is part of very strong campaign of engagement in Iraqi government formation and a very targeted effort to support the Iraqi government and minimize Iranian influence,”

Adam Montana – Dinar Guru   Iraq, with a very significant chunk of the black gold available to us on this planet, somehow slipped through the cracks and didn’t even have to raise a hand in agreement with this major agreement that was put in place by some tiny insignificant countries like Saudi Arabia, Kuwait, wait a minute… those are NOT tiny or insignificant! Quite the opposite, in fact – they are major players. Some of the OPEC members have substantially less resources than Iraq.  This is important to remember because to this very day, Iraq has not made any promises to abide by the current agreement. This gives them the full ability to stockpile reserves, and flood the market at a moment’s notice, which could bring in an enormous pile of cash to use in any way they want…You know, like… funding an RV.   [post 2 of 2]

The price of the dollar in Baghdad today

Baghdad: foreign currency markets in Baghdad, on Thursday morning, stabilized at the exchange rate of the US dollar against the Iraqi dinar.

The market price in the Baghdad Stock Exchange 1205 dinars to the dollar, or 120 thousand and 500 dinars per hundred dollars, the same price yesterday.

The prices of selling and buying dollars in banking companies were:

the selling price of one dollar 1210 dinars, or 121 thousand dinars for one hundred dollars.

The purchase price of the dollar is 1200 dinars, or 120 thousand dinars for one hundred dollars.

Prices of foreign, gold, oil , currency, {even the preparation of this news}:

Euro Global Price: 100 EUR = 114.83 USD
GBP Global Price: 100 pounds = 130.80 dollars
Turkish Lira Global Price: $ 100 = 562.47 Turkish Lira
price of an ounce of gold worldwide = 1219.90 dollar
price Brent crude oil = $ 80.15, the
price of a barrel of US crude oil = $ 69.84

Source: Alforatnews.com

Adam Montana – Dinar Guru   Article:  “OPEC Secretary General calls on oil producing countries to increase production”  …It was not too long ago that the “Oil and Petroleum Exporting Countries” came to an agreement (unanimous, if I recall correctly) to work together on regulating the production of oil, as a sort of “emergency” measure to keep the markets under control in some uncertain times. They all agreed to control their production. They made a big deal out of it.  Iraq’s position in this agreement is HUGE… mostly because they are barely even mentioned in all 39 of those pages!!!   [post 1 of 2….stay tuned]

Mnt Goat – Dinar Guru   THE PROJECT TO DELETE THE ZEROS IS IN MOTION…We are now seeing the very slow transition to the dependence on the smaller denominations as part of the plan. We know this is within the last steps of the plan. Soon they will launch out the next set of even yet smaller, smaller denominations…the initial removal of the 3 zeros will not impact the rate. …They are not reducing the value or increasing the value of the dinar within the “initial” stages of the plan to delete the zeros. …initially the rate in country will come out at about 1:1 for about 2-3 weeks prior to us seeing it on the global trading platforms. This gives the CBI time to monitor it and adjust for inflation. Then when it does finally come out on the exchanges, it will be adjusted to the new SDR basket and put on a float (as all currencies on the exchanges are on a float). There will probably be a fixed cap (a predetermined maximum rate).

Kaperoni – Dinar Guru   I assure you nothing is going to happen with the dinar until the government is formed and parliament passes the necessary delinquent laws. I also expect the IMF to meet with the CBI.   I have said on numerous occasions IMF Article VIII is critical to opening Iraq’s banking to the world’s Financial system. I don’t see that happening until after the IMF meets with the CBI to have their Article IV Consultation which has been postponed til the formation of the gov.

Walkingstick – Dinar Guru   A Sovereign Currency for a Sovereign Country…When a Governor puts a signature on currency it’s because preparing to leave and go International / Global markets…Table has turned… CBI saying we are getting it Done! So much in place …Very impressive…GOI tipped their hat by supporting Alak’s signature…GOI is saying currency is going international…IQD is going to change the face of the global market, because of a Basket!

Mnt Goat – Dinar Guru  CURRENT TARGET DATE BY THE CBI:   I want everyone to understand that I have always been telling you that they are now targeting to reinstate the Iraqi dinar by the end of October (of 2018) and if they don’t do it then they know that they could be in jeopardy of having to wait into EARLY 2019 due to possible instability that may be caused by the ramped up new Iranian sanctions. This part of the plan to delete the zeros is not something you just snap your fingers and its done.