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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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

Indicative rates – 06.18.2015

http://www.cbi.iq/

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The real man smiles in trouble, gathers strength from distress, and grows brave by reflection. – Thomas Paine

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*** Current News ***

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rcookie (Dinar Guru) –    WTO ACCESSION…IS AN ECONOMIC AND FISCAL OBJECTIVE THEY HAVE WORKED FOR YEARS ON …AND NECESSARY FOR THEIR COUNTRY TO PARTICIPATE IN INTERNATIONAL PRIVATE SECTOR ECONOMY AND ENGAGE IN TRADE AND INVESTMENT WITH SIMILAR COUNTRIES…THEY CANNOT COMPETE AND SURVIVE IN THE GLOBAL MARKETPLACE AND ECONOMIES WITH A CURRENCY WORTH LESS THAN A TENTH OF A PENNY!!… THE MOVE TO ARTICLE VIII IS A NECESSARY STEP TO BE A PART OF THE GLOBAL OPEN MARKET ECONOMY …AND SENDING CONFIDENCE TO ATTRACT INT’L INVESTMENT AND BUSINESS…YOU SHOULD BE MORE EXCITED NOW THAN EVER BEFORE!
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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!

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wmawhite (Dinar Guru) –   Now…what are those barriers exactly…I don’t know…but what should the question be?  All of those banks that are part of the TBI have it quite nice holding $billions in lines of credit. Why would they be negotiating the removal of those barriers?  Answer:  …why is Citibank speaking with the TBI about lifting those barriers so that the IQD can move around the world?  Honestly…I don’t care why…I am just thankful that the very things that Shabibi/Saleh/Abadi spoke about is being negotiated today.  Again…the Trade Bank of Iraq….serves as an intermediary for Iraqi government agencies’ purchases of equipment and supplies from companies based outside the country.  IMO…this is a huge statement that is in line with what (and I am repeating myself) Shabibi, Saleh and Abadi has stated previously… amazing…those banks are from around the globe.   [post 2 of 2]
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wmawhite (Dinar Guru) –   Article:  “Iraqi trade talks with Citibank to develop relations”  Quote:  “Search Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world.”   the question is this: who backs the Trade Bank of Iraq?  Here is the answer:  J. P. Morgan, other members are the Australia and New Zealand Banking Group, Standard Chartered, National Bank of Kuwait, Bank Millennium, Bank of Tokyo-Mitsubishi, San Paolo IMI, Royal Bank of Canada, Crédit Lyonnais, Caja de Ahorros y Pensiones de Barcelona, Standard Bank Group, Akbank TAS and Banco Comercial Portuguese. So…Citibank is essentially talking to all of these folks about…lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).  Extremely…exciting.  [post 1 of 2….stay tuned]
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rcookie (Dinar Guru) –  ABADI GOING ON IRAQI TELEVISION THIS EVENING TO ANNOUNCE LIBERATION OF FALLUJAH…
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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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Frank26 (Dinar Guru) –     …we are looking at the security in the GOI and the CBI. Now the CBI security and the GOI security is being groomed and is being developed but not only at a pace but at a production very, very shocking…These guys are doing it.  Abadi is delivering the ball to so many different departments in the GOI and in the CBI…bringing security to the GOI and the CBI in MANY FACETS!  We have the security, IMO with the cities that we need.  Why do want Mosul so badly…There’s no international company that will invest in Iraq with ISIS…The process to reach the revalue-ization of their currency will speed up very fast once they tell you about Mosul. IMO, Iraq has a time frame…you have to look at this timeframe IMO, in its entirety. You cannot separate. See how everything is connected?  Everything is coming together at one…IMO.   [post 3 of 3]
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Breitling (Dinar Guru) – …They are talking about lifting restrictions.  Those restrictions have to do with the value of the currency.  So it’s not technical or any laws that need to be passed or anything like that because there isn’t any restrictions on the currency.  You can trade as much as you want.  Banks can inner-exchange as much as they want.  There are no restrictions.  I bought my currency from Chase Bank.  Chase bought it from Bank of America.  Bank of America has a seat on the auction floor and bought it from the CBI on floor in Iraq.  So this is a code word.  For the first time since I’ve been in this investment…it is a true code where they want to add value and that’s going to help move the Iraqi dinar around the planet.  Specifically the reason the CBI wants Citi Bank to be part of that (they want all the banks)…what are they after?  Supply times velocity.  The same good ole fashioned formula that the US uses to maintain and dominate the globe with…hallelujah   [Post 2 of 2]
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Frank26 (Dinar Guru) –    The auctions, the MCPs [Multi Currency Policy] and the T&Ts [Taxes & Tariffs]…They all have to happen at once. IMO…have to be done instantly together…or the MR [Monetary Reform] will fail.  They all have to be stopped at once or they all have to hold their breath at once at least for three (3) days. (smile)…and anything else and anything less than that is an indicator that they are about to raise their value of their currency within that timeframe.  …the loans…well the loans maybe they made the loans with a different rate.  IMO, inside of Iraq, 1:1, and we told you about the bridge of three (3) days that will actually be driven, the market will get it for those three days. It will drive it, and when outside of Iraq finally given to us, I don’t think it’s going to be 1:1…  These loans are being backed by the United States of America and trust me, we’re not stupid, we don’t want to go into any further debt.  [post 2 of 3….stay tuned]
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Iraqi trade talks with Citibank to develop relations

BAGHDAD – Qusay, Monzer – Search Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world). He said a statement received (time) yesterday that (the meeting between the two sides is part of the bank’s policy of developing relations with major international banks and financial institutions around the world and the recruitment and use these relations to serve the customers the bank and the provision of advanced banking services on a global level and to meet the development and reconstruction requirements the reconstruction of areas affected by the terrorist attacks)…

Read More: http://www.dinarupdates.com/blog/
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Breitling (Dinar Guru) –  …They want to get rid of some of the restrictions that is stopping the Iraqi dinar to not be [from being] traded globally…”let’s make it easier”.  It is great news and the language is fantastic!  …Bank of America is buying dinars off the auction floor.  Are they selling it to you and me?  No.  Ask them if they sell dinar and they’ll tell you “no…you don’t want to get into that stuff.”  But they are still buying it from the auction floor and Chase is still buying it from Bank of America.  That’s where I bought my dinars when they used to actually sell dinar.  Are they selling it to the public now?  no.  But they are still buying it from Bank of America.  Do you see the pattern here?  It’s not very hard to follow…It’s a very important currency…there is a lot of money being spent.  A lot of US Treasury being spent to help maintain a structure so the Iraqi dinar can gain true value and that is another thing people miss…We see things that most people don’t see and it’s designed not to be seen.  [Post 1 of 2]
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Frank26 (Dinar Guru) –    Obviously, we all want to know what this LOI says…the wording of the LOI.   …we all know…that there’s an agreement. The agreement has been met half way in the sense that the IMF kept their part.  it is now become “their” plan and that plan is in an LOI that has been given to the IMF from all representation of Iraq. This is HUGE and this is what we are waiting for.  …this country is surrounding itself with many things that are needed for the International World to accept them.  Are you ready to lift the value of your currency?  …We’ll give you Article 8, that’s the only thing that’s left that’s keeping you away from the international world.   [post 1 of 3….stay tuned]
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Millionday (Dinar Guru) –   Quote:  “…with Iraq ‘s openness to the world and within the efforts to double the non – oil fiscal imports, comes an urgent need to develop the Iraqi ports of the importance of its strategic as a link between the continents of the world point. He called advisory in industrial development and investment Amer Jeweler to expedite the completion of the port great Faw utmost importance in supporting the country’s economy…”   THAT MEANS THAT THE ORDERS HAVE BEEN GIVEN TO HURRY UP AND GET THE PORT OF FAW READY WITH CUSTOMS AND ALL NEEDED FOR IMPORTS BECAUSE IRAQ IS OPENING TO WORLD TRADE AND IT IS NEEDED TO BRING IN ALL IMPORTS AND TAKE OUT MADE IN IRAQ AS WELL.  THINGS ARE MOVING SO FAST THAT I THINK YOU WILL BE SHOCKED AT HOW MANY OF US WILL BE LOADED WITH NEWS IN THE NEXT WEEKS…
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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 quote:  “…a review of laws that have affected the performance of banks and activating insurers pointing at the same time that business trends misconceptions contributed to the migration of the Iraqi capital out of the country and the state ‘s economic and political appropriate targets for the return of the money put through specialized institutions”  it is interesting this article should come up today where it speaks of the laws and the process of creating the right conditions for growth.  [Guru] BondLady has said this whole process is like the spokes on a wheel and as each spoke is added it strengthens the wheel.   if we look at the laws as the spokes, each time they pass one it makes everything stronger.  part of the problem is that some of laws require other laws to be passed as well, for instance the tariff law needs the support of product protection etc… so yes they pass laws like the AML but as we saw the other day it too needed additional laws to support it…and the wheel gets stronger everyday.
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mike (Dinar Guru) –   While I remain hopeful that Parliament is going to get over themselves and get to work for the people of Iraq, I’ll believe it when I see it. It’s abundantly clear that they’re not afraid of the protesters, they’ve broken into both the PM’s office and Parliament itself and still these guys won’t cooperate.  The first thing we need is the Federal Courts decision on whether or not Jabouri is still the Speaker of the House and then we’ll need Abadi to cobble together some kind of coalition to get the reforms through. That’s not going to be an easy task even if they somehow manage to remove ISIL from Fallujah. Doing that should give Abadi enough credibility to gather the necessary MP’s to push through all the legislation that’s needed to move the country forward. Your move Iraq. 
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rcookie (Dinar Guru) –   Article:  “Kurdistan: ready for a new oil deal with Baghdad against the billion dollars a month”   SO…KURDS ON BOARD FOR NEW OIL DEAL…WHERBY GOI GIVES THEM 1 BILLION AND THEY AGREE TO RAMP PRODUCTION AND PROCESS THROUGH BAGHDAD….ALL FOR A MEASLY 1 BILLION PER MONTH…UNDERSTAND WITHOUT THE UST AND CBI AND INT’L AGENCIES AUDITING…MONITORING…PRODUCTION RECORDS… BANK RECORDS…THIS WOULD NOT BE A CONSIDERATION.   THEY HAVE COOKED THE BOOKS AND PRODUCTION FOR YEARS…THE CBI BEING THERE WITH ALL OF THOSE AGENCIES CREATES A TOTALLY DIFFERENT TRANSPARENT LANDSCAPE!
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Dinar Updates “Round Table” Call!!

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

 Smart phone user link – Click here

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Frank26 (Dinar Guru) –  While all of these activities are going on…you have the taxes and the tariffs at the borders that are being set up.  They used to collect them manually but…it’s not going to be manual anymore. And that’s why the World Trade Organization (WTO) is asking Iraq, “will you guys join us?” And the reason why is because that they got the coding a long time ago and they are about to implement it in the taxes and tariffs at their borders.  Now the software to reveal this encoding of every item that is going to be taxed…is only going to increase their revenues of the country…Not only in shipping imports but exports as well.  They set up an E-Government system and electronic taxes…all of this with the software that will give them the encoding that will allow them to become World Trade Organization members? Hmmm…I guess the timing to join them is exactly right because an LOI [Letter of Intent]…This is a very sophisticated system and not for no program rate.  The IMF has a LOI of what Iraq wants to do and the evidence of this agreement is all over the place.
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Backdoc (Dinar Guru) –   WHO CO-SIGNED ON THE IMF LOANS? RIGHT! THE U.S.! SO WHATEVER AFFECTS THE U.S. AFFECTS IRAQ!  WAS IT A SURPRISE TO YOU THAT IRAQ MOVED THE TARIFFS FROM THE 15TH TO THE 25TH?  WILL THE IMF FOLLOW THROUGH WITH, “ALL WILL BE DONE BY MID YEAR”?  WITH NO OTHER WORD, AND WITH MANY POINTS OF GLOBAL PROGRESS, WE HAVE TO BE ENCOURAGED.
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wmawhite (Dinar Guru) –   IMO, Iraq is now engaged within the global Economy markets.  In fact…This article is more evidence that Iraq (the CBI, GOI, and its’ banks) have entered the global economy markets.   Quote:  “…Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).”   If Iraq was not part of the global economy markets, why would one of the world’s leading banks, Citibank, being discussing with the Trade Bank of Iraq (TBI) about now to…“develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq”…and… “lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).” This is Citibank…which I believe is aligned with the TBI…The trade Bank of Iraq which is the CBI’s arm that reaches outside of Iraq.
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Iraqi Dinar/Dollar auction (most recent listing) 06-16-16

Currency Auctions Announcement No. 3222

This daily currency auction was held in the Central Bank of Iraq on the 06-16-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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SteveI (Dinar Guru) –   Topic:  “Kurds ready for a billion dollar deal with Baghdad”  Extremely positive. I see very good things ahead.
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wmawhite (Dinar Guru) –   Article quote:  “BECAUSE THE CURRENCY’S STRENGTH LIES IN CASH RESERVE SIZE OR PRECIOUS METAL AT THE WORLD BANK…”   this is the first time we see that Iraq has reserves on deposit at the World Bank…
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Iraqi Dinar/Dollar auction (most recent listing) 06-13-16

Currency Auctions Announcement No. 3219

This daily currency auction was held in the Central Bank of Iraq on the 06-12-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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tlm724 (Dinar Guru) –   Article quote:  “the Iraqi Kurds are ready to conclude an agreement with the federal government in Baghdad on increasing oil exports, if guaranteed them a monthly income of one billion dollars.”   the Kurds are saying give us a billion dollars each month…that is close to 17% of the budget…their share of the federal budget which they are entitled too and if they can be assured they get their monthly payment then they will pump more oil through Baghdad and they will agree to a new oil agreement.  this has great potential and sets the stage for passing the HCL!  and if they can pass the HCL it will totally change the landscape in Iraq.  it will unite the country and the people will benefit too…it will bring in more international oil companies and regular companies too with a renewed confidence in Iraq!  they have to show the world they are worthy and the HCL will certainly further that along…and protect contracts etc…
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Poppy3 (Dinar Guru) –   I HAVE HAD SUCH A PIECE OF MIND FOR THE LAST FEW WEEKS THAT THE RV IS TRULY HAPPENING AND WILL SHOW BEFORE THE SECOND WEEK OF JULY.   MY SOURCES…ARE STILL CONFIDENT THE INFO THEY HAD THEN WAS CORRECT AND HASN’T DEVIATED SINCE.  THEN ALL THE GREAT NEWS…HAVE LAID OUT THE SAME TIME PERIOD. YES I AM RELAXED AND HAVE MY EXPECTOR ON. WISHING ALL OF YOU TO HAVE THE SAME CONFIDENCE IN WHAT IS HAPPENING AS I HAVE.
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SIGR Report Recap (Flashback)…

THIS REPORT WAS SENT TO CONGRESS LAST MAY (it appears to be from May of 2012). IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

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

BGG ~This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – May 2014, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
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I point out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis (up until the end of July 2012 – the end of their mission in Iraq) … I find it hard to believe such a source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – no matter what Wells Fargo or other such naysayers gripe about.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki (during that era – Abadi now). Period. Historically – Maliki was a “weak Dinar” policy advocate.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…

Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) –  Article  “Iraqi trade talks with Citibank to develop relations”   Quote:  “…lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).” [They are talking about an internationally convertible currency.]   For sure the right words, but Iraq has work to do with compliance.  Convertibility is coming once the IMF and the CBI work out the transition to Article VIII.
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Mountainman (Dinar Guru) –  Article:  “Iraqi trade talks with Citibank to develop relations”  Quote:  “…(the meeting between the two sides is part of the bank’s policy of developing relations with major international banks and financial institutions around the world…”   AWESOME…No MORE Stopping and Starting…IRAQ is MOVING FORWARD…(NOT) Backwards…TIMING is KEY…and INTERNATIONAL BELLS are RINGING…The WEDDING is NEAR and The DANCING in the Streets Are Speaking Loudly..
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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:

1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine….

Read More: http://www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) –    …they did a lot of things in this process in order to become known internationally…Isn’t it amazing?  Congratulations! In fact…the World Trade Organization (WTO), which is an international organization comes out and says, “Hey guys…when you get the true rate, and you get those taxes on the borders, and you get everything all set…this is going to be good. And in fact, we want you to join us.”   [post 2 of 2]
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Frank26 (Dinar Guru) –   …the IMF, the International Monetary Fund, tells countries what to do with their currency…They can increase their currency, decrease their currency, print new currency, print new plates, whatever the case is, the IMF is involved with that, globally, internationally.  “Iraq sent a message to the IMF on the 15 of May confirming their “agreement” to the conditions and the mechanisms and the framework for the physical policy”…that’s financial…” for the fiscal policy and presented it to the IMF board at the end of June.” …this is not even the end of June. Do you see how far ahead of schedule they are?  There is just a lot of evidence of the fact that they…are following the steps of the IMF to lead themselves into the international world the way the IMF promised them in the first half of 2016…and here we are…  [post 1 of 2….stay tuned]
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 Dinar Updates “Round Table” Call!!

“for Dinar News – that MATTERS!!”
from 6/09 – click-n-listen

Smart phone user link – Click here

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rcookie (Dinar Guru) –    IN THE LAST 10 DAYS…THEY ANNOUNCED THEY ARE GOING TO RAISE SOME OF THE TAXES APPLIED TO CERTAIN GOODS EFFECTIVE JUNE 15TH…. AND WOULD BE PUBLISHING THOSE RATE INCREASES IN ENGLISH AT SOME POINT PRIOR TO IMPLEMENTATION… SUNDAY THEY ANNOUNCED DELAYING THE APPLICATION OF THE NEW INCREASES UNTIL THE 25TH OF JUNE…THE EXISTING 2010 CUSTOMS TARIFFS ARE CONTINUED TO BE COLLECTED…WE HAVE SEEN IN LAST 10 DAYS THE REOPENING OF JODAN BORDER CROSSING AND THE KURD/SYRIAN BORDER CROSSING…AND IMO THEY ARE BRINGING THOSE ON LINE.
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Poppy3 (Dinar Guru) –   Article:  “Iraqi government agree to request the IMF to lend her actions”  Quotes  “…the Iraqi government agreed to request the IMF to lend her actions, adding that among the measures pay off all the arrears owed to foreign oil companies…”  “…the Minister of Finance Hoshiyar Zebari, said that the agreement with the IMF will open the door for Iraq ‘s international aid worth up to $ 18 billion over three years.”
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Iraqi Dinar/Dollar auction (most recent listing) 06-09-16

Currency Auctions Announcement No. 3217

This daily currency auction was held in the Central Bank of Iraq on the 06-09-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Chattels (Dinar Guru) –    …the Iraqi cabinet did obtain a quorum today and all Kurdish ministers were in attendance.  Also, there appears to be implementation / progress on the anti – laundering law by the CBI and general banking reform.
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tlm724 (Dinar Guru) –   Article quote:   “the Finance Committee followed up the subject of money laundering through the achievement of money laundering of 2015 law “, noting that ” follow – money laundering focus of Money Laundering Office, a competent central point…”   so the committee did it’s part now it’s up to the CBI to implement it and they are!
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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Shredd (Dinar Guru) –   Article:  “Foil attempted theft billion and {380} million dinars from the Rasheed Bank”   glad their security measures are working…all necessary dominoes in place and working…they’ll need to continue to adjust from losses but good to see this.
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tlm724 (Dinar Guru) –   Article quote:  “Iraq says IMF deal ‘on track’ as cabinet approves reform package…Iraq has approved measures requested by the International Monetary Fund to unlock loans…”  Iraq says IMF deal ‘on track’ as cabinet approves reform package…plan coming together.
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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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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

Indicative rates – 06.16.2015

http://www.cbi.iq/

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Liberty is the only thing you cannot have unless you are willing to give it to others. – William Allen White

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*** Current News ***

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Dinar Updates “Round Table” Call!!

“NO KOOLAIDE!!”
6/16 – LIVE CALL w/Q&A!!
7:30pm CST – 641-715-3640 pin#570743

 from 6/09 – Smart phone user link – Click here

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rcookie (Dinar Guru) –   Article:  “Kurdistan: ready for a new oil deal with Baghdad against the billion dollars a month”   SO…KURDS ON BOARD FOR NEW OIL DEAL…WHERBY GOI GIVES THEM 1 BILLION AND THEY AGREE TO RAMP PRODUCTION AND PROCESS THROUGH BAGHDAD….ALL FOR A MEASLY 1 BILLION PER MONTH…UNDERSTAND WITHOUT THE UST AND CBI AND INT’L AGENCIES AUDITING…MONITORING…PRODUCTION RECORDS… BANK RECORDS…THIS WOULD NOT BE A CONSIDERATION.   THEY HAVE COOKED THE BOOKS AND PRODUCTION FOR YEARS…THE CBI BEING THERE WITH ALL OF THOSE AGENCIES CREATES A TOTALLY DIFFERENT TRANSPARENT LANDSCAPE!
______________________________________________________________

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!!)

______________________________________________________________

Frank26 (Dinar Guru) –  While all of these activities are going on…you have the taxes and the tariffs at the borders that are being set up.  They used to collect them manually but…it’s not going to be manual anymore. And that’s why the World Trade Organization (WTO) is asking Iraq, “will you guys join us?” And the reason why is because that they got the coding a long time ago and they are about to implement it in the taxes and tariffs at their borders.  Now the software to reveal this encoding of every item that is going to be taxed…is only going to increase their revenues of the country…Not only in shipping imports but exports as well.  They set up an E-Government system and electronic taxes…all of this with the software that will give them the encoding that will allow them to become World Trade Organization members? Hmmm…I guess the timing to join them is exactly right because an LOI [Letter of Intent]…This is a very sophisticated system and not for no program rate.  The IMF has a LOI of what Iraq wants to do and the evidence of this agreement is all over the place.
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Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” W/BGG in DU CHAT – Friday eve 7:30pm CST!!

www.DinarUpdates.com – save as favorite!!
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Backdoc (Dinar Guru) –   WHO CO-SIGNED ON THE IMF LOANS? RIGHT! THE U.S.! SO WHATEVER AFFECTS THE U.S. AFFECTS IRAQ!  WAS IT A SURPRISE TO YOU THAT IRAQ MOVED THE TARIFFS FROM THE 15TH TO THE 25TH?  WILL THE IMF FOLLOW THROUGH WITH, “ALL WILL BE DONE BY MID YEAR”?  WITH NO OTHER WORD, AND WITH MANY POINTS OF GLOBAL PROGRESS, WE HAVE TO BE ENCOURAGED.
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wmawhite (Dinar Guru) –   IMO, Iraq is now engaged within the global Economy markets.  In fact…This article is more evidence that Iraq (the CBI, GOI, and its’ banks) have entered the global economy markets.   Quote:  “…Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).”   If Iraq was not part of the global economy markets, why would one of the world’s leading banks, Citibank, being discussing with the Trade Bank of Iraq (TBI) about now to…“develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq”…and… “lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).” This is Citibank…which I believe is aligned with the TBI…The trade Bank of Iraq which is the CBI’s arm that reaches outside of Iraq.
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Iraqi Dinar/Dollar auction (most recent listing) 06-16-16

Currency Auctions Announcement No. 3222

This daily currency auction was held in the Central Bank of Iraq on the 06-16-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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SteveI (Dinar Guru) –   Topic:  “Kurds ready for a billion dollar deal with Baghdad”  Extremely positive. I see very good things ahead.
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wmawhite (Dinar Guru) –   Article quote:  “BECAUSE THE CURRENCY’S STRENGTH LIES IN CASH RESERVE SIZE OR PRECIOUS METAL AT THE WORLD BANK…”   this is the first time we see that Iraq has reserves on deposit at the World Bank…
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Iraqi Dinar/Dollar auction (most recent listing) 06-13-16

Currency Auctions Announcement No. 3219

This daily currency auction was held in the Central Bank of Iraq on the 06-12-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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tlm724 (Dinar Guru) –   Article quote:  “the Iraqi Kurds are ready to conclude an agreement with the federal government in Baghdad on increasing oil exports, if guaranteed them a monthly income of one billion dollars.”   the Kurds are saying give us a billion dollars each month…that is close to 17% of the budget…their share of the federal budget which they are entitled too and if they can be assured they get their monthly payment then they will pump more oil through Baghdad and they will agree to a new oil agreement.  this has great potential and sets the stage for passing the HCL!  and if they can pass the HCL it will totally change the landscape in Iraq.  it will unite the country and the people will benefit too…it will bring in more international oil companies and regular companies too with a renewed confidence in Iraq!  they have to show the world they are worthy and the HCL will certainly further that along…and protect contracts etc…
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Poppy3 (Dinar Guru) –   I HAVE HAD SUCH A PIECE OF MIND FOR THE LAST FEW WEEKS THAT THE RV IS TRULY HAPPENING AND WILL SHOW BEFORE THE SECOND WEEK OF JULY.   MY SOURCES…ARE STILL CONFIDENT THE INFO THEY HAD THEN WAS CORRECT AND HASN’T DEVIATED SINCE.  THEN ALL THE GREAT NEWS…HAVE LAID OUT THE SAME TIME PERIOD. YES I AM RELAXED AND HAVE MY EXPECTOR ON. WISHING ALL OF YOU TO HAVE THE SAME CONFIDENCE IN WHAT IS HAPPENING AS I HAVE.
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SIGR Report Recap (Flashback)…

THIS REPORT WAS SENT TO CONGRESS LAST MAY (it appears to be from May of 2012). IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

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

BGG ~This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – May 2014, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
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I point out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

1) This is information given to the US CONGRESS on a quarterly basis (up until the end of July 2012 – the end of their mission in Iraq) … I find it hard to believe such a source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – no matter what Wells Fargo or other such naysayers gripe about.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki (during that era – Abadi now). Period. Historically – Maliki was a “weak Dinar” policy advocate.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…

Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) –  Article  “Iraqi trade talks with Citibank to develop relations”   Quote:  “…lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).” [They are talking about an internationally convertible currency.]   For sure the right words, but Iraq has work to do with compliance.  Convertibility is coming once the IMF and the CBI work out the transition to Article VIII.
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Mountainman (Dinar Guru) –  Article:  “Iraqi trade talks with Citibank to develop relations”  Quote:  “…(the meeting between the two sides is part of the bank’s policy of developing relations with major international banks and financial institutions around the world…”   AWESOME…No MORE Stopping and Starting…IRAQ is MOVING FORWARD…(NOT) Backwards…TIMING is KEY…and INTERNATIONAL BELLS are RINGING…The WEDDING is NEAR and The DANCING in the Streets Are Speaking Loudly..
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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:

1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine….

Read More: http://www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) –    …they did a lot of things in this process in order to become known internationally…Isn’t it amazing?  Congratulations! In fact…the World Trade Organization (WTO), which is an international organization comes out and says, “Hey guys…when you get the true rate, and you get those taxes on the borders, and you get everything all set…this is going to be good. And in fact, we want you to join us.”   [post 2 of 2]
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Frank26 (Dinar Guru) –   …the IMF, the International Monetary Fund, tells countries what to do with their currency…They can increase their currency, decrease their currency, print new currency, print new plates, whatever the case is, the IMF is involved with that, globally, internationally.  “Iraq sent a message to the IMF on the 15 of May confirming their “agreement” to the conditions and the mechanisms and the framework for the physical policy”…that’s financial…” for the fiscal policy and presented it to the IMF board at the end of June.” …this is not even the end of June. Do you see how far ahead of schedule they are?  There is just a lot of evidence of the fact that they…are following the steps of the IMF to lead themselves into the international world the way the IMF promised them in the first half of 2016…and here we are…  [post 1 of 2….stay tuned]
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 Dinar Updates “Round Table” Call!!

“for Dinar News – that MATTERS!!”
from 6/09 – click-n-listen

Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) –    IN THE LAST 10 DAYS…THEY ANNOUNCED THEY ARE GOING TO RAISE SOME OF THE TAXES APPLIED TO CERTAIN GOODS EFFECTIVE JUNE 15TH…. AND WOULD BE PUBLISHING THOSE RATE INCREASES IN ENGLISH AT SOME POINT PRIOR TO IMPLEMENTATION… SUNDAY THEY ANNOUNCED DELAYING THE APPLICATION OF THE NEW INCREASES UNTIL THE 25TH OF JUNE…THE EXISTING 2010 CUSTOMS TARIFFS ARE CONTINUED TO BE COLLECTED…WE HAVE SEEN IN LAST 10 DAYS THE REOPENING OF JODAN BORDER CROSSING AND THE KURD/SYRIAN BORDER CROSSING…AND IMO THEY ARE BRINGING THOSE ON LINE.
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Poppy3 (Dinar Guru) –   Article:  “Iraqi government agree to request the IMF to lend her actions”  Quotes  “…the Iraqi government agreed to request the IMF to lend her actions, adding that among the measures pay off all the arrears owed to foreign oil companies…”  “…the Minister of Finance Hoshiyar Zebari, said that the agreement with the IMF will open the door for Iraq ‘s international aid worth up to $ 18 billion over three years.”
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Iraqi Dinar/Dollar auction (most recent listing) 06-09-16

Currency Auctions Announcement No. 3217

This daily currency auction was held in the Central Bank of Iraq on the 06-09-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Chattels (Dinar Guru) –    …the Iraqi cabinet did obtain a quorum today and all Kurdish ministers were in attendance.  Also, there appears to be implementation / progress on the anti – laundering law by the CBI and general banking reform.
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tlm724 (Dinar Guru) –   Article quote:   “the Finance Committee followed up the subject of money laundering through the achievement of money laundering of 2015 law “, noting that ” follow – money laundering focus of Money Laundering Office, a competent central point…”   so the committee did it’s part now it’s up to the CBI to implement it and they are!
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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Shredd (Dinar Guru) –   Article:  “Foil attempted theft billion and {380} million dinars from the Rasheed Bank”   glad their security measures are working…all necessary dominoes in place and working…they’ll need to continue to adjust from losses but good to see this.
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tlm724 (Dinar Guru) –   Article quote:  “Iraq says IMF deal ‘on track’ as cabinet approves reform package…Iraq has approved measures requested by the International Monetary Fund to unlock loans…”  Iraq says IMF deal ‘on track’ as cabinet approves reform package…plan coming together.
______________________________________________________________

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

______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

Indicative rates – 06.12.2015

http://www.cbi.iq/

______________________________________________________________

Life-the way it really is – is a battle not between good and bad, but between bad and worse. – Joseph Brodsky

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*** Current News ***

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Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” W/Millionday in DU CHAT – Sunday eve 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
______________________________________________________________

tlm724 (Dinar Guru) –  Press Release quote:  “Finance Minister Hoshyar Zebari, the decision of Prime Minister Haider al-Abadi judge to dismiss a number of banks, managers, and expressed surprise at the lack of inclusion of the Central Bank and others.”  PM Abadi has the legal right to dismiss the bank managers of the state run banks…we KNOW 100 % that the IMF is in control of the economy including and not limited to the banking sector. …do you believe that Abadi would make such a bold move without the consent of the IMF?    I think we can all agree that Abadi did the right thing in firing these managers as they have held their positions for a very long time and during that time they know the banking system inside and out and how to work it to their advantage to steal etc... [post 1 of 2….stay tuned]
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Breitling (Dinar Guru) –  I understand many people got into the dinar on sheer hype…I still get email asking what’s the hold up…there is no holdup.  A country’s values on the way it moves it moves slow.  It’s massive.  It’s big.  It’s a big giant turtle…to someone who’s not trained in it they think that’s something wrong…nope.  That’s not what’s going on.  There’s nothing wrong at all…it’s closer than you think. Technically they can revalue today.  Let them get past this stuff.  Let them get past what their watching…the market and how the market is going to react so they can see the trend so they can actually start to pull the trigger.  What I am looking for specifically is [with] the leeway that they have they might be able to (with out the markets being 100% predictable) they might be able to pull the trigger anyways on a percentage of what they can do.  So there is always that option.  It’s not a do or die situation for them.  you should be very very happy because you are very very close. 
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Iraqi Dinar/Dollar auction (most recent listing) 06-12-16

Currency Auctions Announcement No. 3218

This daily currency auction was held in the Central Bank of Iraq on the 06-12-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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mike (Dinar Guru) –   If they continue to ignore the protesters demands, the only safe place for the MP’s is going to be the Green Zone and that’s not going to be enough. They have to get into their communities at some point to remain viable and visible, no one’s going to follow a leader they can’t see. These politicians put a lot of effort coming up with reasons to not protest. The battle in Fallujah, Ramadan and now the citizens well being. At some point, hopefully, they’ll put some effort into accomplishing the reforms and satisfying the protesters demands. Or not. And then we’ll get to watch how the Arab Spring accomplish reforms and it’s not going to be pretty. Your move Abadi.
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Kaperoni (Dinar Guru) –   Yes the market rate is dropping… Good news… Last few days. …June 8th  -1272.  …June 9th – 1260.
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BGG (Dinar Guru) –   Article:  “…the decision to” revitalize the banking sector and Sir national strategy to stimulate the economy and create jobs and implement launch loans for industrial projects, residential and commercial citizens the best formula, according to the government ‘s plans.”  I have been beating this drum lately about there being a GOI PLAN for a few days now…it’s in print…they have been clear…now it looks a lot like Abaidi is moving things forward pretty fast…oddly enough – there was a bit about Maliki wanting to “take Iraq back” to a point sometime in the past – talking about Iraq needing a “strong man” leader…HE IS CRACKED.  I really see this as success on multiple planes…Abadi not only evaded Maliki’s direct charge on him (recently) – but he is having some real success in removing corruption and implementing serious reforms and advancements in Iraq’s financial sector. The key to their future.
______________________________________________________________

SIGR Report Recap (Flashback)…

THIS REPORT WAS SENT TO CONGRESS LAST MAY (it appears to be from May of 2012). IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

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

BGG ~This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – May 2014, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
__________________________________________________

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

1) This is information given to the US CONGRESS on a quarterly basis (up until the end of July 2012 – the end of their mission in Iraq) … I find it hard to believe such a source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – no matter what Wells Fargo or other such naysayers gripe about.

2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki (during that era – Abadi now). Period. Historically – Maliki was a “weak Dinar” policy advocate.

4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…

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

firefly (Dinar Guru) –   Article quote:  “In the case of our call deputies in response to attend scheduled to be held during the month of Ramadan, special meeting, after the issuance of the Federal Court decision on the two sessions of the parliament in April, we will attend to Baghdad to attend.” …And between, “we support the House of Representatives in his work”   So much for parliament not meeting during Ramadan!  Sounds like the Kurds are 100% satisfied and anxious to get it complete.
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mike (Dinar Guru) –   Article:  “Calls for financial reforms of the International Monetary Fund”  Quote:  “report prepared by experts at the International Monetary Fund said that the budgets in the Middle East and Central Asia has shifted from surpluses to record large deficit.”  This is a good article, the IMF is stating the obvious, the ME lived in a world of surplus but those days are over, for now. Countries like Saudi Arabia, Qatar and Oman have all slashed their budgets, adding taxes and diversifying away from producing oil alone. These governments can no longer control the messaging and the people through patronage, the private sector is going to have to play a larger role now in these countries. Along with an open market comes an open country with more power distributed to the people, I’m looking forward to seeing that happen in Iraq as well. 
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Breitling (Dinar Guru) –  …the question is what more do they have to do to be able to add value to their currency?  Is their any laws they need to pass?  They want to pass more laws.  Now people are going to start looking at the date.  They don’t need it.  They can revalue today.  BUT to make things work correctly and to move thing forward to where there is no competition on…their agenda…they need to pass some of this stuff.  But they can revalue today.  We don’t need to look for excuses for them to revalue…that’s there.  That’s been there since last year.  It’s pretty significant.
______________________________________________________________

The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:

1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine….

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

rcookie (Dinar Guru) –  Article:  “Oil exports to America has tripled since last January”  Quote:  “Raising the Iraq of the daily production of oil to its highest ever to 4.5 million barrels a day in may, according to research firm estimates…”  RIGHT UNDER OUR NOSES…IRAQ JACKS UP PRODUCTION TO 4.5 MBPD…WOW!
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tlm7214 (Dinar Guru) –   Article:  “Keywords: administrative changes “necessary” and based on the requirements of the “urgent”    …not only have they appointed new staff but they also have oversight and a time frame to follow and why is that?  because the changes coincided with the international loan for Iraq’s security and the ongoing developments…all tied up nice and neat…when they were saying early last month that there were no conditions to the loans we knew better…
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Breitling (Dinar Guru) –  A lot of people been asking me about the auctions because of the articles coming out about it…to stage it correctly I mentioned specifically that when they start toying with the actions and reducing it or getting rid of it that that means our day is coming down the road.  This is exactly what they are talking about.  Article “Foreign exchange systems have been found to give rise to exchange restrictions and to multiple currency practices…”  That was the game…they tried to use the auctions to manipulate the value and the supply times velocity of the dinar.  They also wanted to control the foreign currency coming in…it’s no coincidence that there is more and more talk about getting rid of the actions….
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 Dinar Updates “Round Table” Call!!

“for Dinar News – that MATTERS!!”
from 6/09 – click-n-listen

Smart phone user link – Click here

______________________________________________________________

firefly (Dinar Guru) –   Do not be dismayed or frustrated if it doesn’t happen by the end of this month. Remember, they will never tell us a date until after the fact. Just know it is real and coming!  I hate to use soon but yes, VERY soon.  The evidence is right before our eyes…   They would not be going through the process with the IMF, WB, UN, UST, if they had no intentions of fulfilling their end of the agreement.
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SteveI (Dinar Guru) –  Topic:  “Iraqi ports apply “new tariff” mid-June current”  [Raising the cost of goods on the citizens should go over like a lead ballon – based on their current purchasing power…]  Yes, unless that changes.
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firefly (Dinar Guru) –  Article quote:  “the International Monetary Fund put a date ends on June 15 of the current month to the approval of the Iraqi government on the conditions for granting a loan of $ 5 billion and $400 million.”   That loan is CONDITIONAL.  This is why both the IMF and Iraq had to agree on the terms.  Like I said, NOTHING else matters to me…PERIOD.
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Iraqi Dinar/Dollar auction (most recent listing) 06-09-16

Currency Auctions Announcement No. 3217

This daily currency auction was held in the Central Bank of Iraq on the 06-09-2016

The results were as follows:

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

tlm724 (Dinar Guru) –   Article:  “The General Company for Ports of Iraq, decided to apply the list of tariff revenues and new wages for 2016 as of June 15 this…”    “new tariff” mid-June  *wolfwhistle*  thats pretty *mission*.
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Bruce (Dinar Guru) –   Everything was ready to go today.  Lead bank was ready to go. We heard this earlier today. We know that it’s right there.  Heard that rates at US banks were frozen on the screens last night, unfrozen this morning, may freeze again tonight. Redemption centers are doing final security checks…Rates will be highest first 6 days and difference will be substantial. Staggering difference in rates after day 6.Almost 7,000 redemption centers, so 6 days should be plenty of time to exchange all of us.
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rcookie (Dinar Guru) –  …THE 2010 CUSTOMS TARIFFS WAS NEVER IN QUESTION OF BEING EXECUTED THIS YEAR NOT ONLY BECAUSE WRITTEN INTO BUDGET…AND IMPORTANT INITIATIVE IN IMF LOI…BUT NECESSARY TO BE GATT COMPLIANT IF THEY ASPIRE TO BE GATT COMPLIANT FOR WTO ACCESSION…GATT STANDS FOR …GENERAL AGREEMENTS ON TARIFFS AND TRADE.
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

Backdoc (Dinar Guru) –   THE TARIFFS GET IMPLEMENTED ON THE BOARDERS ON THE 15TH IN IRAQ!  THE LOAN IN IRAQ WITH THE IMF IS IMPLEMENTED ON THE 15TH!
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rcookie (Dinar Guru) –   Article:  “We will attend the special meeting: Kurdistan is invited to attend”  Quote:  “The Kurdistan Alliance, announced Thursday that he would attend the special meeting to be held during the holy month of Ramadan, in case it has been invited to attend.”   SO KURDS ARE ON RECORD OF ATTENDING SPECIAL SESSIONS DURING RAMADAN IF CALLED….
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Backdoc (Dinar Guru) –   COUNTRIES SEEM TO BE ALREADY USING THEIR RATE CHANGES BEFORE  IT GETS TO US!   …THEY PUT 80% OF THEIR DEBT IN DOLLARS…AND…THEY CALLED IT A CLEVER MOVE?  WELL HERE’S WHY!  THEY GET A HIGHER SOVEREIGN VALUE FOR THEIR CURRENCY NOW AND THEY CAN USE THAT CASH TO EXTINGUISH THE MONOPOLY MONEY DOLLARS! HEE HEE.  THE INTERESTING THING IS THEY ARE DOING IT ALL BEFORE IT EVEN HITS THE STREETS, OR AT LEAST SOME OF IT NOW!  HOLY COW! AMAZING!   THEY CAN ONLY PLAY HIDE AND SEEK SO LONG…THIS COUNTRY TO COUNTRY STUFF HAS TO COME TO AN END!  ITS TIME TO MAKE THE DONUTS BOYS AND LET THE PUBLIC GAMES BEGIN!  PRIVATE SECTOR LAUNCH PLEASE, AND NO LATER THAN MID-MONTH THANK YOU!
______________________________________________________________

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

______________________________________________________________

CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

http://www.cbi.iq/

Indicative rates – 06.07.2015

______________________________________________________________

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

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*** Current News ***

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wmawhite (Dinar Guru) –   What is easy to miss is that all of these different entity inside Iraq as well as outside are telling the world about all of this…the reemergence of Iraq into the “economy markets”...but, wasn’t this suppose to be a big secret?  Answer…no…they want the world to know.
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 Dinar Updates “Round Table” Call!!

“for Dinar News – that MATTERS!!”
6/07 – 7:30pm CST – click-n-listen

 Smart phone user link – Click here

______________________________________________________________

I am sooooo sorry – I am having to edit the call. Will have it posted ASAP. You won’t want to miss it!! Good stuff!!

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mike (Dinar Guru) –  …this is a process. I don’t believe in silver bullets or quick fixes. There are, in my opinion, certain economic and financial steps before there’s an appreciation. I don’t think the IMF can make the necessary legal changes, all they can do is dangle the carrot and hope Iraq conforms. At the minimum, we need a functioning Parliament, we need the legislation. The IMF aren’t a bunch of clowns, but there’s a limit to what they can get done. IMO.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” W/RCookie in DU CHAT – Wednesday eve 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
______________________________________________________________

wmawhite (Dinar Guru) –    …PM Abadi stood in front of the G-7 and many others and told them that Iraq would join them on that stage…the world economic stage…I believe him and so do they…and they know he will not be on that stage with them at a value of $0.00086.
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Millionday (Dinar Guru) –  Article quote:  “…extensive talks between government officials and representatives from the World Bank , in a move to deepen cooperation and the search for the experiences and contributions of international and activating partnerships properly.”   THE GOV IS PREPARING TO MOVE WITH BIDS AND CONTRACTS TO INVEST AND CREATE WORK.   ABADI AND THE WORLD BANK PREPARING FOR A FORMAL OPEN OF THE DOORS FOR INVESTMENTS FOR IRAQ.  Quote:  “…the aim of the workshop is to gather all State capabilities and put them in an operational framework to deal with the theme of ” the expansion of private investment door…”  THIS…IS THE MOVE TO ANNOUNCE THE FORMAL OPENING OF IRAQ’S INTERNATIONAL INVESTMENT AND THE LINK OF PRIVATE SECTOR LAUNCH.  THEY ARE MOVING FORWARD — WHOOPOW.
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Iraqi Dinar/Dollar auction (most recent listing) 06-06-16

Currency Auctions Announcement No. 3214

This daily currency auction was held in the Central Bank of Iraq on the 06-06-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Shredd (Dinar Guru) –   Article quote:   “Sovereignty was confirmed by the government for its part will be faithful to its commitments under an agreement to prepare the credit program, which reached his recent between Iraq and the International Monetary Fund, which has contributed greatly to stimulate the donor countries to provide adequate support, and enhance the credibility of Iraq’s finance in the global financial markets and the rating agencies global credit.”   We get a greater peek at the power of this and future loan agreements to Iraq. You may think them taking loans is a bad thing but not so.  First, countries have faith in Iraq’s ability and intention to repay.  Second, Iraq taking and repaying these loans will enhance their credit rating with the rating agencies. This will in turn allow them to lower interest rates and expand the pool of lenders in future loans.  This is not a sign that Iraq is struggling and needs help. This is a sign that Iraq has matured to participate more in the global economic finance partnerships.
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mike (Dinar Guru) –  Article:  “Parliament: the signing of Iraq to loans require him to impose extra taxes on the citizens needed to be reviewed”   So, in the middle of an economic crisis, what is Iraq doing and what are their plans? Implement tariff’s, initiate income tax, lower staff salaries and remove subsidies for fuel, and electricity (excluding the displaced).  Not much of a plan if you’re a regular Iraqi, in fact, it’s terrible. They’re going to be the ones bearing the brunt of the economic mess Iraq’s in.  At every turn they ignore the obvious actions that are needed to create an open market economy and add value to their currency and overall economy.  …I haven’t seen a whisper about raising the value of the dinar, in fact, there are some calling for a devaluation to 1300-$1. Iraq has a long history of ignoring IMF instructions in 2005, the Paris Club and even their agreement with Kuwait.
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In the parliamentary finance by calling for the support of banks and activating the deposit law

{Baghdad} Euphrates News called the parliamentary finance committee member Ahmed Sarhan, the government to support banks and activate the deposit law for the purpose of revitalization of the banking sector and development of the country’s economy.

The MP said Sarhan Ahmed told {Euphrates News} ” The development of the banking sector in Iraq is through the government support for the banks, as well as the Central Bank and funding required amounts to be able to fulfill their duties to the fullest , ” noting that “this depends on the amount found in the reserve the central bank “…

Read More: http://www.dinarupdates.com/blog/
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wmawhite (Dinar Guru) –   I am not one that believes in a floating to a true value…and why…because the economy of Iraq is already a 1,000 times stronger than what its currency value currently depicts…and the IQD is as strong or stronger than every other country in the Middle East…yet, the IQD is anywhere from a 1,000 times to 10,000 times less in value than all of those other countries.
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rcookie (Dinar Guru) –    Article quote:  “…CHAIRMAN FOR COMMITTEE ON ECONOMY & INVESTMENT BOLANIIN THE MEETING HELD…WITH THE GOAL BEING TO “SUMMON ALL STATE CAPACITY” AND PUT IN OPERATIONAL FRAMEWORK TO DEAL WITH THE THEME “THE EXPANSION OF PRIVATE INVESTMENT DOOR…”   BOLANI TALKS ABOUT THE OVER 4000 PROJECTS STALLED VALUED AT $250 BILLION THAT IRAQ NOW WANTS TO ACTIVATE AT A PACE THAT WILL ATTRACT INVESTORS & INT’L PARTNERS…SO THEY ARE READY TO MOVE FROM AN IDEOLOGICAL PLANNING PHASE TO A REALITY OPERATIONAL PHASE!
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Parliament will hold an extraordinary meeting during Ramadan to complete the reshuffle and discuss other crises

Guessed decision House Deputy Imad yokhna special meeting during Ramadan, noting that this meeting be for reshuffle and discuss the situation in the country.Yokhna said that the meetings and dialogues between political blocs continues on political and security developments in the country,

Adding that the hearing will be for the purpose of the reshuffle and therefore be attended by lawmakers, including members of the Liberal bloc, noting that this meeting will be devoted to discuss the situation in the country, yokhna said that the meeting would be held after the decision of the Federal Court and enter the reform bloc, adding that after the decision of the Court can hold several extraordinary meetings to discuss specific topics.

Read More: http://www.dinarupdates.com/showthread.php?35417-Yokhna-Parliament-will-hold-an-extraordinary-meeting-during-Ramadan-to-complete-the

BGG: So Jubouri wasn’t kidding – they will work during Ramadan – “Extraordinary session” – to get the reshuffle finished and work thru whatever decision the Fed Court hands down.

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Millionday (Dinar Guru) –   Article quote:   “…the decision of the House of Representatives held during the month of Ramadan, Ptdmnha vote on the cabinet reshuffle, saying that any response from the Federal Court on the appeal «reform front» will binding on all the political blocs.”   THIS IS THE ANNOUNCEMENT OF THE CABINET VOTE GOING ON EVEN WITH RAMADAN.  PARLIAMENT IS REQUIRED TO WORK DURING RAMADAN TO VOTE AND ATTEND THIS SPECIAL SESSION REQUIRED MANDATED BY ABADI…  WHOOOPOW.
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Poppy3 (Dinar Guru) –   REMEMBER…ABADI SAID MONTHS AGO THAT ISIS, DASSH ETC SECURITY WOULD NOT DELAY OR PREVENT COMPLETION OF FINANCIAL REFORM AND IT DOES APPEAR HE HAS KEPT HIS WORD TO THE PEOPLE OF IRAQ AND TO US. 
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Iraq PM Abadi urges lawmakers to stop squabbling, rally behind army

Iraq’s Prime Minister Haider al-Abadi (front 2nd L) walks during his visit to an Iraqi army base in Camp Tariq near Falluja, Iraq, June 1, 2016. REUTERS/ALAA AL-MARJANI

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Iraqi Prime Minister Haider al-Abadi has appealed to politicians to “freeze” their wrangling over his anti-corruption reforms and unite behind the army as it battles Islamic State in Falluja, near Baghdad.

Abadi has been grappling with a political crisis since February and has been unable to rally the main blocs in parliament to back an anti-corruption plan that includes a cabinet reshuffle.

He ordered the offensive on Falluja on May 22, after the political crisis degenerated into deadly street violence in and near to Baghdad’s heavily fortified Green Zone, and a series of bombings, claimed by Islamic State, hit Shi’ite districts of the city.

“I appeal (to the politicians) to freeze all differences until the land is freed,” he said on state TV late on Wednesday during a visit to the army’s front line near Falluja, 50 kilometers (32 miles) west of Baghdad.

“Daesh is the ultimate corruption and whoever prevents us from fighting Daesh is corrupt,” he added, referring to the ultra-hardline Sunni group by one of its Arabic acronyms…

Read More: Dinarupdates.com/blog/
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Frank26 (Dinar Guru) –   […do you have any thoughts on if Mosul will take about the same time to plant the flag as Fallujah?]   Understand…YOU seek MOSUL because we taught You this.  We do not..for it was over TWO MONTHS ago…that…It was over.   IMO…There is no doubt the RV is coming just don’t know when…
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wmawhite (Dinar Guru) –  Article:  “Provide transparency by adopting the digital economy”  Quote:  “…that Iraq sought market Securities for the application of modern systems for the success of the deployment of trading directly on global sites…”   seriously? going to trade on global sites with most of their shares at 1 and 2 dinar per share…No way!  …and yet…what did they just tell the world… “TRADING DIRECTLY ON THE GLOBAL SITES”  You could sit at home and buy up every remaining share of the ISX for less than a few thousand dollars…unless the value of those shares change before hand.  If you owned a bank would you offer shares of your bank to the world at less than $0.01?   The one entity rarely spoken about…the ISX, quietly positioning itself…AS WE WERE JUST TOLD…to “TRADING DIRECTLY ON THE GLOBAL SITES”  …”why is the ISX making all of these preparation to join the world trading platforms and have not done so yet?”  IMO…the answer lies in the…value of the IQD…because that is what the shares are traded in…IQD.  they have all of the infrastructure and operational systems in place…IMO.   IMO, the ISX is waiting on the CBI and GOI.
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rcookie (Dinar Guru) –   Article quote:  “Insurance is a central nerve between the three pillars of the financial sector, a bank, insurance, stock market…”   THE NARRATIVE OF THE INSURANCE SECTOR RECENTLY IS IN OVERDRIVE….HERE TALKING ABOUT THE ROLE INSURANCE PLAYS IN INSTILLING CONFIDENCE IN THE BANKING AND STOCK MARKET SECTORS AND ATTRACTING INT’L DEVELOPMENT & INVESTMENT THAT WILL DRIVE IRAQ ECONOMY…THERE WAS NOT A SNOWBALLS CHANCE IN BAGHDAD OF ACQUIRING AND CAPTURING INT’L BUSINESS & INVESTMENT WITHOUT A COMPLETELY REVAMPED PRIVATE SECTOR INSURANCE INDUSTRY IN THE MARKET TO QUELL THE LACK OF CONFIDENCE OF BEING IN BED AND DOING BUSINESS THROUGH THE STATE RUN INSURANCE SYSTEM…NOT A MOLECULAR CHANCE!
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Urgent Cabinet approves the Supreme Judicial Council Act

{Baghdad: Euphrates News} cabinet today approved the draft of the Supreme Judicial Council Act, which Dqgah the State Consultative Council.

A source in the council told {Euphrates News} “The Council approved the referred the bill to the House of Representatives based on the provisions of Articles {61 / I and item 80 / item II} of the Constitution, taking into consideration ray General Secretariat of the Council of Ministers ..itba ..

Read More: http://www.dinarupdates.com/showthread.php?35243-Urgent-Cabinet-approves-the-Supreme-Judicial-Council-Act
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Poppy3 (Dinar Guru) –   …I ASSURE FALLUJAH IS FREE OF ISIS IN ANY NUMBERS…THE BAGDAD FLAG FLYING.  [betcha Mosul is also all but done?]  IT IS ALL BUT DONE…IN FACT REPORTS YESTERDAY THAT THE BAGDAD FLAG WAS RAN UP YESTERDAY AFTERNOON BY ABADI HIMSELF.  WE ARE WAITING FOR THE NEW RATE THAT APPEARS WE WILL SEE LATER THIS MONTH AS THE IMF, WORLD BANK SAID.
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Millionday (Dinar Guru) –  THIS IS TALKING ABOUT THE SHARES BEING ACCESSIBLE BY ALL AND REMEMBER THIS WOULD INCLUDE THE LARGEST PRODUCT THEY HAVE ON THE GLOBAL MARKET>>>IRAQ’S CURRENCY…MACRO ECONOMICS.  SO INTERNATIONAL ACCOUNTING STANDARDS WOULD BE APPLIED…WHOOPOW.   THIS WOULD APPLY THE INTERNATIONAL EQUATION THAT PUSHES THE VALUES THAT THE MARKET REFLECTS — FOR INSTANCE — OUR VALUES AND COST OF LIVING REFLECT THE CONSTANT MOVING MARKET AND THE STOCK MARKET ETC.  NO DATE IS GIVEN BUT — THE FACT THAT THIS IS READY TO BE APPLIED IS NEWS IN ITSELF.    [post 2 of 2]
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Millionday (Dinar Guru) –   Article quote:  “…that Iraq sought market Securities for the application of modern systems for the success of the deployment of trading directly on global sites will serve as a magnet for investment indirect factor and enhances the performance of the market.”  THEY FEEL AS THOUGH IT IS TIME TO INITIATE ALL ELECTRONIC BANKING AND ECONOMICS – THIS WILL INCLUDE OF COURSE THE ISX AND INTERNATIONAL INVESTORS…IT WOULD HELP MINIMIZE CORRUPTION DUE TO ACCOUNTABILITY. IN MAY THEY SIGNED TO BRING THE ISX TO THE MARKET AS INTERNATIONALLY ACCESSIBLE.  [post 1 of 2….stay tuned]
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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SteveI (Dinar Guru) –   Will this be our month is anyone’s guess but the pressure is mounting daily for Iraq to get their act together and start complying with global standards. Doing this Iraq’s way can only go on for so long. Now you have the IMF breathing down their backs and the citizens continued pressure.
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BGG (Dinar Guru) –    Article:  “…Parliament will hold an extraordinary meeting during Ramadan to complete the reshuffle and discuss other crises”  So Jubouri wasn’t kidding – they will work during Ramadan – “Extraordinary session” – to get the reshuffle finished and work thru whatever decision the Fed Court hands down.
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rcookie (Dinar Guru) –    …IN SPITE OF ALL REPORTS CONFIRMING KURDS SHARE OF LOANS AT 17% PER 2016 BUDGET LAW CONSTITUTION…THE WB STEADFAST ABOUT KURD COMMITMENT TO DELIVERING THEIR OIL SHARE DUES…ELIMINATING STAFF REDUNDANCY AND MAKING THE SAME BUDGET CUT MANDATES THE GOI HAS ALREADY DONE…AND WILL COMPLETE FURTHER IN ORDER TO RECEIVE THE SBA LOANS…BIG SHOCK KURDS…NO MORE COOKING THE BOOKS AND GAME PLAYING…THERE ARE MANY INT’L PANELS OF AUDITORS THERE OVERSEEING…AND THE BANKING OVERSIGHT & REGULATION WILL GET EVEN TIGHTER NOW THAT CBI WILL BE IN ERBIL AND OVERSEEING ALL BANKING SECTOR…NO MORE 14 SEPARATE BANKS THEY CAN FUNNEL THEIR OIL SALES THROUGH TO HIDE…TRANSPARENCY…ACCOUNTABILITY….AND THE UST IS THERE AS A BACKDROP…AND THAT ALL STEMS FROM THE WB AUDIT AND REVIEW BACK IN NOVEMBER WHERE THE WB REP CAME OUT AND SPANKED KURDS SAYING THEY NEEDED TO GET THEIR FINANCIAL & ECONOMIC HOUSE IN ORDER…
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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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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

Indicative rates – 06.06.2015

http://www.cbi.iq/

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It is dangerous to be right when the government is wrong. – Voltaire

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*** Current News ***

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Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” W/RCookie in DU CHAT – Monday eve 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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rcookie (Dinar Guru) –    …IN SPITE OF ALL REPORTS CONFIRMING KURDS SHARE OF LOANS AT 17% PER 2016 BUDGET LAW CONSTITUTION…THE WB STEADFAST ABOUT KURD COMMITMENT TO DELIVERING THEIR OIL SHARE DUES…ELIMINATING STAFF REDUNDANCY AND MAKING THE SAME BUDGET CUT MANDATES THE GOI HAS ALREADY DONE…AND WILL COMPLETE FURTHER IN ORDER TO RECEIVE THE SBA LOANS…BIG SHOCK KURDS…NO MORE COOKING THE BOOKS AND GAME PLAYING…THERE ARE MANY INT’L PANELS OF AUDITORS THERE OVERSEEING…AND THE BANKING OVERSIGHT & REGULATION WILL GET EVEN TIGHTER NOW THAT CBI WILL BE IN ERBIL AND OVERSEEING ALL BANKING SECTOR…NO MORE 14 SEPARATE BANKS THEY CAN FUNNEL THEIR OIL SALES THROUGH TO HIDE…TRANSPARENCY…ACCOUNTABILITY….AND THE UST IS THERE AS A BACKDROP…AND THAT ALL STEMS FROM THE WB AUDIT AND REVIEW BACK IN NOVEMBER WHERE THE WB REP CAME OUT AND SPANKED KURDS SAYING THEY NEEDED TO GET THEIR FINANCIAL & ECONOMIC HOUSE IN ORDER…
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Iraqi Dinar/Dollar auction (most recent listing) 06-06-16

Currency Auctions Announcement No. 3214

This daily currency auction was held in the Central Bank of Iraq on the 06-06-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Poppy3 (Dinar Guru) –   …WHY I RELY MORE ON SOURCES RATHER THAN THEIR NEWS MEDIA…HOW MANY TIMES HAVE THEY REPORTED ALL LAWS PASSED OR KURDS ON BOARD, OR ALL WILL BE IN PARLIAMENT, OR BONDS GO ON SALE TOMORROW AND THE ISX WILL OPEN TRADE TOMORROW AND ON AND ON IN THE NEWS WITH TOTALLY MISLEADING INFO…BUT THE BOOTS ON THE GROUND AND PEOPLE SOURCES HAVE BEEN RIGHT ON. I REST MY CASE…
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Poppy3 (Dinar Guru) –   just off phone and report… in iraq flag now flying over mosul. IT WAS REPORTED ABADI RAN IT UP HIMSELF AND THE REPORT IS THEY HAVE CONTROL. WE KNOW THERE WILL STILL BE MORE FIGHTING IN AREAS BUT THEY HAVE TAKEN ALL FOUR AREAS OF THE TOWN. GLORY THEY ARE IN CONTROL.  I CONTINUE TO PRAY THE PEOPLE OF IRAQ GET WHAT THEY NEED IF SO WE WILL HAVE OURS…THEY ARE MOVING FORWARD FOR YOU AND ME.
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In the parliamentary finance by calling for the support of banks and activating the deposit law

{Baghdad} Euphrates News called the parliamentary finance committee member Ahmed Sarhan, the government to support banks and activate the deposit law for the purpose of revitalization of the banking sector and development of the country’s economy.

The MP said Sarhan Ahmed told {Euphrates News} ” The development of the banking sector in Iraq is through the government support for the banks, as well as the Central Bank and funding required amounts to be able to fulfill their duties to the fullest , ” noting that “this depends on the amount found in the reserve the central bank “…

Read More: http://www.dinarupdates.com/blog/
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Arthur (Dinar Guru) –  WE KNOW FOR A FACT THAT A STIPULATION FROM THE IMF TO RECEIVE THEIR FULL FUNDING IS TO END THE MCP (MULTIPLE CURRENCY PRACTICE).  TO DO THAT, THEY WILL NEED TO EITHER INSTANTLY OR GRADUALLY END THE AUCTION PROCESS FOR USD AND EXCLUSIVELY USE THEIR OWN CURRENCY JUST LIKE ALL OTHER E-GLOBAL COUNTRIES MUST DO UNDER IMF LAWS. THIS BY DEFINITION MEANS THEIR CURRENCY WOULD HAVE TO HAVE WORTH TO INTERNATIONAL NORMS BASED ON THEIR GOLD AND FOREIGN RESERVES, OIL, PHOSPHATES, AND OTHER EXPORTABLE RESOURCES.  AS WE ANTICIPATE SEEING IF THE IMF WILL HOLD TRUE ON THEIR FIRST HALF OF 2016 FOR AN INTERNATIONAL IRAQ, IT NOW APPEARS THAT DAILY THEY ARE DOING EVERYTHING ONE WOULD WANT TO SEE FROM A COUNTRY THAT IMO IS CURRENTLY IN THE PROCESS OF REVALUING THEIR ENTIRE ECONOMY INCLUDING NATURALLY THEIR SOVEREIGN NATIONAL CURRENCY [Post 2 of 2]
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Arthur (Dinar Guru) –  Article:  “ In the Parliamentary Finance by calling for the support of banks and activating the Deposit Law……..“: THEY ARE NOW IMPLEMENTING THEIR DEPOSIT LAW. THIS ACTUALLY TURNS ON OR ACTIVATES THEIR ENTIRE BANKING E-COMMERCE ECONOMY. IT WILL INSTILL A NEW TRUST AND CONFIDENCE IN THE IRAQI BANKING SYSTEM FOR IRAQIS AND OTHER INVESTORS IN IRAQI BANKS.  BASED ON WHAT WE KNOW ABOUT THE E-COMMERCE INFRASTRUCTURE THEY HAVE BEEN BUILDING FOR THE PAST 3 YEARS AT LEAST, IT WILL ALLOW THEM TO IMPLEMENT AND ENJOY BANKING EVEN MORE DIGITALLY SOPHISCTATED THAT RIVALS MOST IF NOT ALL COUNTRIES IN THE WORLD.  [Post 1 of 2]
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Okie_Oil_Man (Dinar Guru) –   GOOD SATURDAY AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. WELL LIKE A BAD PENNY I HAVE RETURNED FOR THE MOST IMPORTANT POST I MAY HAVE EVER MADE. I HAVE BEEN INFORMED AND AUTHORIZED TO MAKE THIS POST.  ABOUT A YEAR AGO OUR MILITARY BASES IN THE EAST COAST WERE PERMITTING OUR RETURNING VETERANS TO EXCHANGE AT THEIR PARTICULAR BASE THAT HAD A FOREIGN EXCHANGE AT THEIR POST EXCHANGE OR BASE EXCHANGE. THEY WERE AUTHORIZED TO REDEEM THEIR DINAR AT 47 CENTS TO 3 DOLLARS PER DINAR. THE BASE COMMANDER HAD AND HAS THE AUTHORITY TO EXCHANGE AT THE RATE MOST ADVANTAGEOUS TO THEIR PARTICULAR STRUCTURE. THIS MAKES A VARIED RATE POSSIBLE BETWEEN BASES. THE REASON THIS ARRANGEMENT IS POSSIBLE IS BECAUSE OF THE SOVEREIGNTY OF THE MILITARY. THIS PROCEDURE WAS RE-STARTED YESTERDAY ON 6-3-2016.  I UNDERSTAND IF YOU KNOW OF A RETIRED OR ACTIVE MILITARY INDIVIDUAL THAT CAN ACCESS ENTRY TO THE BASE’S THAT HAS A FOREIGN EXCHANGE YOU CAN NOW UTILIZE THOSE FACILITIES TO FACILITATE A TRANSACTION FOR YOURSELF.   WE NEED TO SHARE THIS INFORMATION PUBLICLY AS SOME MAY BE ABLE TO AVAIL THEMSELVES OF THIS OPPORTUNITY. AT THIS PRESENT TIME I HAVE NOT BEEN TOLD OF PRIVATE TRANSACTIONS FORTHCOMING TO THE MAJORITY OF US.

Complete B.S.

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Parliament will hold an extraordinary meeting during Ramadan to complete the reshuffle and discuss other crises

Guessed decision House Deputy Imad yokhna special meeting during Ramadan, noting that this meeting be for reshuffle and discuss the situation in the country.Yokhna said that the meetings and dialogues between political blocs continues on political and security developments in the country,

Adding that the hearing will be for the purpose of the reshuffle and therefore be attended by lawmakers, including members of the Liberal bloc, noting that this meeting will be devoted to discuss the situation in the country, yokhna said that the meeting would be held after the decision of the Federal Court and enter the reform bloc, adding that after the decision of the Court can hold several extraordinary meetings to discuss specific topics.

Read More: http://www.dinarupdates.com/showthread.php?35417-Yokhna-Parliament-will-hold-an-extraordinary-meeting-during-Ramadan-to-complete-the

BGG: So Jubouri wasn’t kidding – they will work during Ramadan – “Extraordinary session” – to get the reshuffle finished and work thru whatever decision the Fed Court hands down.

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mike (Dinar Guru) –   Article:  “In the parliamentary finance by calling for the support of banks and activating the deposit law”  …it’s music to my ears…  I don’t see much changing until they provide this depositors insurance, no one’s going to put they’re money in an Iraqi bank without some kind of protection.   …they know what they need to do and for the life of me I can’t figure out why they can’t pass such an important law for the people, the banks and the country.
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firefly (Dinar Guru) –   Article quote:  “The agreement with the IMF should unlock a total of $18 billion in international assistance over three years, said Zebari, citing the World Bank and the Group of Seven leading industrialized nations among other donors.”  IMO Iraq is renegotiating concessions, and payments to help them push this currency shift ahead.
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Aggiedad77 (Dinar Guru) –   Article: “Abadi and Kuwaiti ambassador in Iraq discuss the outstanding issues between the two countries”  Talk about kissing and making up…wow…these two countries have some really bad history between them…yet here is Kuwait willing to extend the olive branch…willingness to aid in relief efforts as well as helping with the Iraqi displaced citizens…plus supporting the fight against terrorism…I do wonder if they may have discussed the remainder of Iraq’s debt to Kuwait that needs to be paid…something around $4 billion dollars…and I believe the postponement of payment was only until 2017…is KW’s willingness to help now because they get a hint of what is about to happen and know the debt will be paid in full…and they too will reap benefits from being an investor in Iraq…time will soon speak I pray. 
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Iraq PM Abadi urges lawmakers to stop squabbling, rally behind army

Iraq’s Prime Minister Haider al-Abadi (front 2nd L) walks during his visit to an Iraqi army base in Camp Tariq near Falluja, Iraq, June 1, 2016. REUTERS/ALAA AL-MARJANI

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Iraqi Prime Minister Haider al-Abadi has appealed to politicians to “freeze” their wrangling over his anti-corruption reforms and unite behind the army as it battles Islamic State in Falluja, near Baghdad.

Abadi has been grappling with a political crisis since February and has been unable to rally the main blocs in parliament to back an anti-corruption plan that includes a cabinet reshuffle.

He ordered the offensive on Falluja on May 22, after the political crisis degenerated into deadly street violence in and near to Baghdad’s heavily fortified Green Zone, and a series of bombings, claimed by Islamic State, hit Shi’ite districts of the city.

“I appeal (to the politicians) to freeze all differences until the land is freed,” he said on state TV late on Wednesday during a visit to the army’s front line near Falluja, 50 kilometers (32 miles) west of Baghdad.

“Daesh is the ultimate corruption and whoever prevents us from fighting Daesh is corrupt,” he added, referring to the ultra-hardline Sunni group by one of its Arabic acronyms…

Read More: Dinarupdates.com/blog/
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rcookie (Dinar Guru) –   THERE WILL NEVER…EVER…EVER…BE A TELEGRAPHING AS TO A WINDOW OR TIMEFRAME AS TO A VALUE CHANGE TO IQD…EVER…
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rcookie (Dinar Guru) –    [There has been a buildup of sorts, and many are hoping for this to come to fruition in the near future… With all of the progress that has been made, and all of the compliments that have been given by the IMF, World Bank, ect to their willingness to accomplish what has been ask, one would assume that the next step would be an increase in the value of Iraq’s currency.]   …CORRECT THAT WOULD BE THE NEXT STEP GIVEN THEIR ARTICLE VIII OBLIGATION STATUS AND POSITION…THEY HAVE DONE EVERYTHING THEY HAVE BEEN MANDATED AND SET OUT TO DO…
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Frank26 (Dinar Guru) –   ..the IMF is grooming the IQD…the IMF is going above and beyond the call for the Iraqi dinar…the IMF has made special dispensations for the Iraqi dinar that it has not made for any other country on this planet…that is huge...corruption is melting like an iceberg sitting in the middle of the Sahara Desert…And it’s not just the IMF and CBI it is the IMF and the CBIGOI…The US sent a special delegation from special departments within the US a few weeks ago…they sent them over to help with the reforms…step by step…and the corruption…and how to deal with the implementation of all the reforms…starting obviously with the financial reform… so that is why Mosul is next…when you see Mosul Family…the MR pace will become a full run…into its implementation and announcement…in order to give life to all of the other…reforms…and all for an international entry into the global economies of this planet… with Mosul it will allow all their banks to be connected internationally…and then they have no choice but to run…run…not quickly walk…run…to the MR…The month of June is HOT…and not just in temperature…
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rcookie (Dinar Guru) –   …THE IMF STATEMENT SAYS EXACTLY WHAT IT DOES…THAT IRAQ WILL RETURN TO THE WORLD MARKETS IN 1ST HALF OF 2016…AND MR WHITE [Guru wmawhite] AND I HAVE BEEN STEADFAST TO THAT POINT AND IDENTIFIED EVERY MOVE AND POINT OF PROGRESS TO THAT END…THE NARRATIVE HAS NOT CHANGED AND CONTINUES TO PLOW FORWARD AT BREAKNECK SPEED RIGHT IN FRONT OF OUR EYES.
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Iraqi Dinar/Dollar auction (most recent listing) 06-02-16

Currency Auctions Announcement No. 3212

This daily currency auction was held in the Central Bank of Iraq on the 06-02-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Delta (Dinar Guru) – …we all know of the deal between Iraq and the IMF…there was information on Iraqia TV and another article today…from the Financial Advisor to Abadi…One thing he stressed is that the IMF Board has to give the final go ahead for Iraq to get their funds…so he said that for Iraq to get this loan they have until June 15th to submit a letter from Iraqi authorities to the IMF board that they do agree to all the IMF conditions and the framework of the loan…and the most important condition to us concerns the financial reform…they talked of two things…one was about taxes…and the other…they HAVE to lift the 000’s and basically do the currency reform…so this seems to give us a very small window…they have less than two weeks to accomplish everything and send the letter to the IMF…so this letter being submitted will be exactly the same as Iraq accepting Article 8…so by the end of the month of Junethen…the IMF board will look at all of what Iraq has said they have done…and one is the currency reform and the establishment of the true value of the Iraqi dinar…Again…now these two things seem to point to the idea that we are very close.  [post 2 of 3….stay tuned]
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Delta (Dinar Guru) –   I know we are getting very close to a lot of things going on…Number 1 is an announcement from the Minister of Planning…this coming Thursday they are going to launch something…very important…and very significant for our investment…they call it the Development Management System…we know the CBI with help from the GOI…they decided to be a cashless society in the long run…their goal is to move the whole country in this direction of e–government or electronic…the launching of this project will be this coming Thursday and it looks like PM Abadi will be present to launch to this…without this Management System the financial reform cannot proceed…they have to have this system in place to do the currency reform and the financial reform…So this coming Thursday they will celebrate the launching of this system…so indications are we are getting really close…but we don’t know exactly a date…   Second point…   [post 1 of 3….stay tuned]
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Shredd (Dinar Guru) –   the fact of the matter is the rate fluctuations [Guru] Bondlady has noticed is worth watching. The central bank must maintain stability which is what we are seeing, without question when the dinar is on a globally-recognized, market-driven floating rate regime, we will see it adjust and at that time, supply & demand, interest rates, inflation, and GDP will affect it… I would expect the rate to grow in strength rapidly if for supply alone, also, in my speculation…
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The return of 40 deputies Matsma to “front” Jubouri!!

Baghdad / Iraq News Network revealed the National Alliance MP Sadiq frankincense, Wednesday, for the withdrawal of 40 deputies from the front of the protesters (Reform), and return to Alnwab.oukal frankincense Council meetings in a press statement today:

“Some MPs from the point of the protesters realized that their sit -in is the glory does not constitute a positive impact , “noting that” some of them felt refer to the Council of Representatives . “He added that” Iraq is passing through a dangerous phase and there is a big security and economic challenges , “he said , adding that” the number of pupils who are deputies arrived to 40 deputies…

Read More: http://www.dinarupdates.com/showthread.php?35311-Frankincense-the-return-of-40-deputies-Matsma-to-quot-front-quot-Jubouri!-6-1

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Adam Montana (Dinar Guru) –   Article:  “The House voted, Sunday, to extend the legislative term of the parliament for a month extra.”  […What is your feeling on this, and are they trying to get something done before the end of June?]  This doesn’t mean they are “working” for another month, it just means they gave themselves a month extension to carry through Ramadan.  I think…that although nothing significant gets passed during the holiday, this does not mean they won’t be working on things to have an “End-of-Ramadan” celebration.
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Frank26 (Dinar Guru) –  …the MCP [Multi-Currency Policy] is extremely important …now the USD is suffocating us to death…we flooded your markets…we forced you to use it…but now we are taking it away because the Multi-Currency Policy in your country must end…it means they can only use their currency…Abadi and the GOI/CBI and all of you new guys…shut down over 300 places where they were exchanging money…some of those were banks and outlets…this was another source of thievery…but it is gone…the corruption is being straightened out…Something is going on…because these 300 they can’t even do business any more…nor can the citizens get what they were getting from them any more...our auctions are going to be coming less and less…in fact our goal is to take our auctions to zero…you have to raise the value of your currency
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rcookie (Dinar Guru) –   HERE IS A RECAP OF NEWS….PARL LEGAL COMMITTEE STATES RULES OF PROCEDURE ALLOW FOR 3 PRESIDENCIES TO CALL EMERGENCY SESSIONS DURING HOLIDAY…KURD ALLIANCE STATES ABADI READY TO RECEIVE DELEGATIONS FROM PROVINCIAL GOV’T TO RESOLVE OUTSTANDING PROBLEMS…PARL FINANCE STATES IMF LOANS WILL REVIVE THE IRAQI ECONOMY…  NATIONAL ALLIANCE …EXPRESSED GREAT DESIRE TO RETURN TO NEXT PARL SESSION AND CONTINUE REFORM ACTIVITIES…ANBAR SECURITY ISSUES STATEMENT THAT IRAQI NATIONAL FLAG WILL BE RAISED IN CENTER FALLUJAH WITH IN NEXT FEW DAYS…
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Iraqi Dinar/Dollar auction (most recent listing) 06-01-16

Currency Auctions Announcement No. 3211

This daily currency auction was held in the Central Bank of Iraq on the 06-01-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Adam Montana (Dinar Guru) –   One more note regarding the timing… remember when I said that the HCL could be tied very tight to the price of oil? We are definitely going in the right direction, just like I thought we would be:  Article:  “Iraq expects oil prices to $ 65 in the coming months”  Yep! That’s right… $65, in the coming months, which is exactly my expected price AND time frame.  Ramadan ends on July 5.   [post 2 of 2]
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Adam Montana (Dinar Guru) –   …we’re looking at something big again.  The re-shuffling of Parliament is all but done. It’s been a little quiet on that front for a week or so, and that’s a GOOD thing! It means they are now in a position to move forward, and from what I’m hearing (…from MY sources)…is that HCL should be on the table REAL soon.   It was my hope that we’d see it before Ramadan, but let’s be 100% realistic – Ramadan starts in a couple days, and NOTHING SIGNIFICANT GETS DONE DURING RAMADAN. However, that’s not to say that they won’t be setting things up during Ramadan. [post 1 of 2….stay tuned]
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tlm724 (Dinar Guru) –   Article quote:  “…in the next future We hope that this raises important issues of laws like { the law of parties, oil and gas}…”   ...they have 30 days to work their differences on the HCL.
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Urgent Cabinet approves the Supreme Judicial Council Act

{Baghdad: Euphrates News} cabinet today approved the draft of the Supreme Judicial Council Act, which Dqgah the State Consultative Council.

A source in the council told {Euphrates News} “The Council approved the referred the bill to the House of Representatives based on the provisions of Articles {61 / I and item 80 / item II} of the Constitution, taking into consideration ray General Secretariat of the Council of Ministers ..itba ..

Read More: http://www.dinarupdates.com/showthread.php?35243-Urgent-Cabinet-approves-the-Supreme-Judicial-Council-Act
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Frank26 (Dinar Guru) –   [Abadi in Fallujah n flag is planted…Hopefully Mosul before Ramadan n we are home sweet home.]   We knew it was coming…”GIVE ME MOSUL…WARP SPEED ALL REFORMS.”
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firefly (Dinar Guru) –   The world does not stop because of Ramadan…they have worked through every Ramadan for years.
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BGG (Dinar Guru) –   Article: “Urgent Cabinet approves the Supreme Judicial Council Act”  Quote:  “…cabinet today approved the draft of the Supreme Judicial Council Act, which Dqgah the State Consultative Council.”   This bit is interesting (I’m not convinced it is the “official” Fed Court law…HOWEVER, the fact they are progressing on this front is just more and more…evidence things are moving in the right direction (finally)...I ran across this commentary…an  Iraqi writer talked about the 4 pieces of legislation that would move Iraq forward. (NONE OF THIS PRESUMES TO – IN ANY WAY “PREVENT” an RV)…it is just observation by an Iraqi as to what would help move things forward.  1) Amnesty Law  2) HCL (how they divide the oil revenues).  3) Fed Court Act  4) Civil Service Act.   and BTW – none of the above happen without an effective and FUNCTIONING CoM (Council of Ministers) which is what Abadi is fighting tooth and nail for – and the Dawa Party / SLC / Maliki thugs are fighting AGAINST.
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War: The pleading of the Federal Court on 29/5 made a judgment soon

Follow-up / Iraq today – Confirmed the legal expert Tareq Harb said the hearing conducted by the Federal Supreme Court on 05.29.2016 was almost close to resolving the case and semi-close in favor of one of the parties to the proceedings at the appeal hearings of Parliament for the month of April 2016,

particularly after the agents parliament speaker presented photographs and CDs, documents and films attendees and non-attendees at those meetings are the subject of disagreement and the matter of the proceeding,

Which supports the point of view of the party and in exchange for that, the agents of the other party any front reformist and sitters to hasten to refute the conclusions reached and the agents of the other party so that said Mlhozathm these documents and share some MPs from the Reform attending mass, said the war

“where asked permission of Representatives of the Court to talk, and after the court authorized them spoke MP architecture Ihsanoglu one Governing Council of Representatives on the list that includes the signatures of Representatives, which exceeds the quorum here responded agents other party that signed something and the audience is something else…

Read More: http://www.dinarupdates.com/showthread.php?35235-War-The-pleading-of-the-Federal-Court-on-29-5-made-a-judgment-soon&p=153389#post153389
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BGG (Dinar Guru) –   [What do you feel is the key or keys remaining?]   that is a good question – however, with the timing of the recent support, IMF/WB oversite…their insistence on some level of control…and the aggressive movement against ISIS from every direction…things are absolutely moving in a very good direction for Iraq…and as a side note…Abadi has the support of the Kurds, Sadr, the US and the IMF/WB (aka – BIG MONEY)…that is a pretty powerful (and unlikely) alliance he has cobbled together. …they button some of this stuff up – POST HASTE and we will see a giant leap forward in Iraq’s financial system…it’s all pointing that direction…
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rcookie (Dinar Guru) –   THEY HAVE BEEN WORKING WITH WORLD BANK SINCE 2008 TO RESTRUCTURE & PRIVATIZE THE SOB’S…AND THE BANKING REFORM IN LAST YEAR HAS BEEN AT BEYOND WARP SPEED…  THE US PANEL IS IN BAGHDAD SETTING UP SHOP AT US EMBASSY TO OVERSEE CBI IMPLEMENTATION OF AUCTIONS GOING FORWARD…IT IS COMMON KNOWLEDGE AS TO WHY IT HAS FAILED AND IRAQ HAS HAD ADEQUATE TIME TO REMEDY///THE US IS TAKING OVER…   I AM NOT CONCERNED WHATSOEVER AS THE NEWS REFLECTS INCENTIVES AND PATH FOR IRAQ TO ACHIEVE ECONOMIC & FINANCIAL REFORM…
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BGG (Dinar Guru) –   Article:  “Kurdish blocs announced their support for his reformist Ebadi“  So the Kurds are announcing (telegraphing) relatively broad-based support for Abadi’s reform project...This is interesting in light of the fairly severe splitting of the National Alliance and crumbling of Maliki’s support base…and the mostly ineffective political attacks his crooked bunch carried out in Parliament lately…they are doing everything they can to slow walk things…surprise surprise.  Sadr is backing Abadi… (that’s about 4 Million protestors over the last several weeks)…it’s like having 2nd Amendment protection – but made up of human bodies.  The Kurds are backing Abadi – (as per today’s PR releases)… This is all very good news.
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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Kaperoni (Dinar Guru) –   So now Iraq is in a quagmire. They are being forced to make changes with monetary policy…changes that will benefit us as investors. The plan calls for ending the auctions (they must have an alternative if they do that such as float), getting off the peg, moving from Article XIV under the IMF to VIII when the conditions allow it. But they key for any of this to succeed is the Iraqi politicians to create the right economic atmosphere so the plan will succeed…which seems to be the biggest question…if they can.   [post 2 of 2]
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Kaperoni (Dinar Guru) –   Iraq dropped the ball big time. They had a window of time from about 2010-2013 in which under Article XIV, they were meeting the guidelines the IMF requested and at the same time, profits were high due to high oil prices, etc. Unfortunately, Iraq chose to steal as much money as they could during that time, than do what was right.  Now, the conditions have changed, oil prices are 50% or more less than that period, revenue is less, Iraq cannot meet its payroll, or other investment obligations…as a result everyone is complaining that the auctions, the peg, etc. no longer works…which is true,,especially if they ever wanted to get the dinar out convertible/tradable on a global scale.  [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

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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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

Indicative rates – 06.04.2015 (most recent listing)

http://www.cbi.iq/

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I think there is only one quality worse than hardness of heart and that is softness of head. – Theodore Roosevelt

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*** Current News ***

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mike (Dinar Guru) –   Article:  “In the parliamentary finance by calling for the support of banks and activating the deposit law”  …it’s music to my ears…  I don’t see much changing until they provide this depositors insurance, no one’s going to put they’re money in an Iraqi bank without some kind of protection.   …they know what they need to do and for the life of me I can’t figure out why they can’t pass such an important law for the people, the banks and the country.
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firefly (Dinar Guru) –   Article quote:  “The agreement with the IMF should unlock a total of $18 billion in international assistance over three years, said Zebari, citing the World Bank and the Group of Seven leading industrialized nations among other donors.”  IMO Iraq is renegotiating concessions, and payments to help them push this currency shift ahead.
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Aggiedad77 (Dinar Guru) –   Article: “Abadi and Kuwaiti ambassador in Iraq discuss the outstanding issues between the two countries”  Talk about kissing and making up…wow…these two countries have some really bad history between them…yet here is Kuwait willing to extend the olive branch…willingness to aid in relief efforts as well as helping with the Iraqi displaced citizens…plus supporting the fight against terrorism…I do wonder if they may have discussed the remainder of Iraq’s debt to Kuwait that needs to be paid…something around $4 billion dollars…and I believe the postponement of payment was only until 2017…is KW’s willingness to help now because they get a hint of what is about to happen and know the debt will be paid in full…and they too will reap benefits from being an investor in Iraq…time will soon speak I pray. 
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Iraq PM Abadi urges lawmakers to stop squabbling, rally behind army

Iraq’s Prime Minister Haider al-Abadi (front 2nd L) walks during his visit to an Iraqi army base in Camp Tariq near Falluja, Iraq, June 1, 2016. REUTERS/ALAA AL-MARJANI

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Iraqi Prime Minister Haider al-Abadi has appealed to politicians to “freeze” their wrangling over his anti-corruption reforms and unite behind the army as it battles Islamic State in Falluja, near Baghdad.

Abadi has been grappling with a political crisis since February and has been unable to rally the main blocs in parliament to back an anti-corruption plan that includes a cabinet reshuffle.

He ordered the offensive on Falluja on May 22, after the political crisis degenerated into deadly street violence in and near to Baghdad’s heavily fortified Green Zone, and a series of bombings, claimed by Islamic State, hit Shi’ite districts of the city.

“I appeal (to the politicians) to freeze all differences until the land is freed,” he said on state TV late on Wednesday during a visit to the army’s front line near Falluja, 50 kilometers (32 miles) west of Baghdad.

“Daesh is the ultimate corruption and whoever prevents us from fighting Daesh is corrupt,” he added, referring to the ultra-hardline Sunni group by one of its Arabic acronyms…

Read More: Dinarupdates.com/blog/
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Millionday (Dinar Guru) –    PARLIAMENT IS WORKING ON THE POLITICAL REFORM ISSUES STILL ON THE TABLE BUT HAVE NO POWER TO STOP EXECUTIVE ORDERS OF REFORM AT THIS POINT DUE TO THE NEEDS FOR THE COUNTRY AND THE PLAN ETC.
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rcookie (Dinar Guru) –   THERE WILL NEVER…EVER…EVER…BE A TELEGRAPHING AS TO A WINDOW OR TIMEFRAME AS TO A VALUE CHANGE TO IQD…EVER…
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Millionday (Dinar Guru) –  [I am not understanding why Iraq would need a loan. If they revalue their currency wouldn’t they be able to fund themselves?]    THEY HAVE BEEN HURT BY THE OIL PRICE AND WILL SLIP INTO A RECESSION IF THEY DIDNT TAKE IT DUE TO DEFICIT NOT PLANNED ON AND LACK OF MOVING INVESTMENTS NEEDED — THIS ALLOWS THEM TO NOT STACK UP INTEREST AND CREDIT ISSUES ON DEBT AND MOVE FORWARD.
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Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Sunday eve 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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rcookie (Dinar Guru) –    [There has been a buildup of sorts, and many are hoping for this to come to fruition in the near future… With all of the progress that has been made, and all of the compliments that have been given by the IMF, World Bank, ect to their willingness to accomplish what has been ask, one would assume that the next step would be an increase in the value of Iraq’s currency.]   …CORRECT THAT WOULD BE THE NEXT STEP GIVEN THEIR ARTICLE VIII OBLIGATION STATUS AND POSITION…THEY HAVE DONE EVERYTHING THEY HAVE BEEN MANDATED AND SET OUT TO DO…
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Frank26 (Dinar Guru) –   ..the IMF is grooming the IQD…the IMF is going above and beyond the call for the Iraqi dinar…the IMF has made special dispensations for the Iraqi dinar that it has not made for any other country on this planet…that is huge...corruption is melting like an iceberg sitting in the middle of the Sahara Desert…And it’s not just the IMF and CBI it is the IMF and the CBIGOI…The US sent a special delegation from special departments within the US a few weeks ago…they sent them over to help with the reforms…step by step…and the corruption…and how to deal with the implementation of all the reforms…starting obviously with the financial reform… so that is why Mosul is next…when you see Mosul Family…the MR pace will become a full run…into its implementation and announcement…in order to give life to all of the other…reforms…and all for an international entry into the global economies of this planet… with Mosul it will allow all their banks to be connected internationally…and then they have no choice but to run…run…not quickly walk…run…to the MR…The month of June is HOT…and not just in temperature…
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rcookie (Dinar Guru) –   …THE IMF STATEMENT SAYS EXACTLY WHAT IT DOES…THAT IRAQ WILL RETURN TO THE WORLD MARKETS IN 1ST HALF OF 2016…AND MR WHITE [Guru wmawhite] AND I HAVE BEEN STEADFAST TO THAT POINT AND IDENTIFIED EVERY MOVE AND POINT OF PROGRESS TO THAT END…THE NARRATIVE HAS NOT CHANGED AND CONTINUES TO PLOW FORWARD AT BREAKNECK SPEED RIGHT IN FRONT OF OUR EYES.
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Iraqi Dinar/Dollar auction (most recent listing) 06-02-16

Currency Auctions Announcement No. 3212

This daily currency auction was held in the Central Bank of Iraq on the 06-02-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Delta (Dinar Guru) – …we all know of the deal between Iraq and the IMF…there was information on Iraqia TV and another article today…from the Financial Advisor to Abadi…One thing he stressed is that the IMF Board has to give the final go ahead for Iraq to get their funds…so he said that for Iraq to get this loan they have until June 15th to submit a letter from Iraqi authorities to the IMF board that they do agree to all the IMF conditions and the framework of the loan…and the most important condition to us concerns the financial reform…they talked of two things…one was about taxes…and the other…they HAVE to lift the 000’s and basically do the currency reform…so this seems to give us a very small window…they have less than two weeks to accomplish everything and send the letter to the IMF…so this letter being submitted will be exactly the same as Iraq accepting Article 8…so by the end of the month of Junethen…the IMF board will look at all of what Iraq has said they have done…and one is the currency reform and the establishment of the true value of the Iraqi dinar…Again…now these two things seem to point to the idea that we are very close.  [post 2 of 3….stay tuned]
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Delta (Dinar Guru) –   I know we are getting very close to a lot of things going on…Number 1 is an announcement from the Minister of Planning…this coming Thursday they are going to launch something…very important…and very significant for our investment…they call it the Development Management System…we know the CBI with help from the GOI…they decided to be a cashless society in the long run…their goal is to move the whole country in this direction of e–government or electronic…the launching of this project will be this coming Thursday and it looks like PM Abadi will be present to launch to this…without this Management System the financial reform cannot proceed…they have to have this system in place to do the currency reform and the financial reform…So this coming Thursday they will celebrate the launching of this system…so indications are we are getting really close…but we don’t know exactly a date…   Second point…   [post 1 of 3….stay tuned]
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Shredd (Dinar Guru) –   the fact of the matter is the rate fluctuations [Guru] Bondlady has noticed is worth watching. The central bank must maintain stability which is what we are seeing, without question when the dinar is on a globally-recognized, market-driven floating rate regime, we will see it adjust and at that time, supply & demand, interest rates, inflation, and GDP will affect it… I would expect the rate to grow in strength rapidly if for supply alone, also, in my speculation…
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The return of 40 deputies Matsma to “front” Jubouri!!

Baghdad / Iraq News Network revealed the National Alliance MP Sadiq frankincense, Wednesday, for the withdrawal of 40 deputies from the front of the protesters (Reform), and return to Alnwab.oukal frankincense Council meetings in a press statement today:

“Some MPs from the point of the protesters realized that their sit -in is the glory does not constitute a positive impact , “noting that” some of them felt refer to the Council of Representatives . “He added that” Iraq is passing through a dangerous phase and there is a big security and economic challenges , “he said , adding that” the number of pupils who are deputies arrived to 40 deputies…

Read More: http://www.dinarupdates.com/showthread.php?35311-Frankincense-the-return-of-40-deputies-Matsma-to-quot-front-quot-Jubouri!-6-1

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Adam Montana (Dinar Guru) –   Article:  “The House voted, Sunday, to extend the legislative term of the parliament for a month extra.”  […What is your feeling on this, and are they trying to get something done before the end of June?]  This doesn’t mean they are “working” for another month, it just means they gave themselves a month extension to carry through Ramadan.  I think…that although nothing significant gets passed during the holiday, this does not mean they won’t be working on things to have an “End-of-Ramadan” celebration.
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Frank26 (Dinar Guru) –  …the MCP [Multi-Currency Policy] is extremely important …now the USD is suffocating us to death…we flooded your markets…we forced you to use it…but now we are taking it away because the Multi-Currency Policy in your country must end…it means they can only use their currency…Abadi and the GOI/CBI and all of you new guys…shut down over 300 places where they were exchanging money…some of those were banks and outlets…this was another source of thievery…but it is gone…the corruption is being straightened out…Something is going on…because these 300 they can’t even do business any more…nor can the citizens get what they were getting from them any more...our auctions are going to be coming less and less…in fact our goal is to take our auctions to zero…you have to raise the value of your currency
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rcookie (Dinar Guru) –   HERE IS A RECAP OF NEWS….PARL LEGAL COMMITTEE STATES RULES OF PROCEDURE ALLOW FOR 3 PRESIDENCIES TO CALL EMERGENCY SESSIONS DURING HOLIDAY…KURD ALLIANCE STATES ABADI READY TO RECEIVE DELEGATIONS FROM PROVINCIAL GOV’T TO RESOLVE OUTSTANDING PROBLEMS…PARL FINANCE STATES IMF LOANS WILL REVIVE THE IRAQI ECONOMY…  NATIONAL ALLIANCE …EXPRESSED GREAT DESIRE TO RETURN TO NEXT PARL SESSION AND CONTINUE REFORM ACTIVITIES…ANBAR SECURITY ISSUES STATEMENT THAT IRAQI NATIONAL FLAG WILL BE RAISED IN CENTER FALLUJAH WITH IN NEXT FEW DAYS…
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Iraqi Dinar/Dollar auction (most recent listing) 06-01-16

Currency Auctions Announcement No. 3211

This daily currency auction was held in the Central Bank of Iraq on the 06-01-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Adam Montana (Dinar Guru) –   One more note regarding the timing… remember when I said that the HCL could be tied very tight to the price of oil? We are definitely going in the right direction, just like I thought we would be:  Article:  “Iraq expects oil prices to $ 65 in the coming months”  Yep! That’s right… $65, in the coming months, which is exactly my expected price AND time frame.  Ramadan ends on July 5.   [post 2 of 2]
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Adam Montana (Dinar Guru) –   …we’re looking at something big again.  The re-shuffling of Parliament is all but done. It’s been a little quiet on that front for a week or so, and that’s a GOOD thing! It means they are now in a position to move forward, and from what I’m hearing (…from MY sources)…is that HCL should be on the table REAL soon.   It was my hope that we’d see it before Ramadan, but let’s be 100% realistic – Ramadan starts in a couple days, and NOTHING SIGNIFICANT GETS DONE DURING RAMADAN. However, that’s not to say that they won’t be setting things up during Ramadan. [post 1 of 2….stay tuned]
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tlm724 (Dinar Guru) –   Article quote:  “…in the next future We hope that this raises important issues of laws like { the law of parties, oil and gas}…”   ...they have 30 days to work their differences on the HCL.
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Urgent Cabinet approves the Supreme Judicial Council Act

{Baghdad: Euphrates News} cabinet today approved the draft of the Supreme Judicial Council Act, which Dqgah the State Consultative Council.

A source in the council told {Euphrates News} “The Council approved the referred the bill to the House of Representatives based on the provisions of Articles {61 / I and item 80 / item II} of the Constitution, taking into consideration ray General Secretariat of the Council of Ministers ..itba ..

Read More: http://www.dinarupdates.com/showthread.php?35243-Urgent-Cabinet-approves-the-Supreme-Judicial-Council-Act
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Frank26 (Dinar Guru) –   [Abadi in Fallujah n flag is planted…Hopefully Mosul before Ramadan n we are home sweet home.]   We knew it was coming…”GIVE ME MOSUL…WARP SPEED ALL REFORMS.”
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firefly (Dinar Guru) –   The world does not stop because of Ramadan…they have worked through every Ramadan for years.
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BGG (Dinar Guru) –   Article: “Urgent Cabinet approves the Supreme Judicial Council Act”  Quote:  “…cabinet today approved the draft of the Supreme Judicial Council Act, which Dqgah the State Consultative Council.”   This bit is interesting (I’m not convinced it is the “official” Fed Court law…HOWEVER, the fact they are progressing on this front is just more and more…evidence things are moving in the right direction (finally)...I ran across this commentary…an  Iraqi writer talked about the 4 pieces of legislation that would move Iraq forward. (NONE OF THIS PRESUMES TO – IN ANY WAY “PREVENT” an RV)…it is just observation by an Iraqi as to what would help move things forward.  1) Amnesty Law  2) HCL (how they divide the oil revenues).  3) Fed Court Act  4) Civil Service Act.   and BTW – none of the above happen without an effective and FUNCTIONING CoM (Council of Ministers) which is what Abadi is fighting tooth and nail for – and the Dawa Party / SLC / Maliki thugs are fighting AGAINST.
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War: The pleading of the Federal Court on 29/5 made a judgment soon

Follow-up / Iraq today – Confirmed the legal expert Tareq Harb said the hearing conducted by the Federal Supreme Court on 05.29.2016 was almost close to resolving the case and semi-close in favor of one of the parties to the proceedings at the appeal hearings of Parliament for the month of April 2016,

particularly after the agents parliament speaker presented photographs and CDs, documents and films attendees and non-attendees at those meetings are the subject of disagreement and the matter of the proceeding,

Which supports the point of view of the party and in exchange for that, the agents of the other party any front reformist and sitters to hasten to refute the conclusions reached and the agents of the other party so that said Mlhozathm these documents and share some MPs from the Reform attending mass, said the war

“where asked permission of Representatives of the Court to talk, and after the court authorized them spoke MP architecture Ihsanoglu one Governing Council of Representatives on the list that includes the signatures of Representatives, which exceeds the quorum here responded agents other party that signed something and the audience is something else…

Read More: http://www.dinarupdates.com/showthread.php?35235-War-The-pleading-of-the-Federal-Court-on-29-5-made-a-judgment-soon&p=153389#post153389
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Kaperoni (Dinar Guru) –   Article:  “Release of funds for the displaced through smart cards next week”  Quote:  “the Ministry of Finance promised to secure finance financial grant for the disbursement of the next week and distributed to displaced families exporting them to the smart card”  […they don’t even have consistent electricity in many parts of Iraq, so it seems as though use of the cards would be problematic.]   Though electricity remains an issues in many parts of Iraq, merchant card readers are rechargeable/battery operated.
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BGG (Dinar Guru) –   [What do you feel is the key or keys remaining?]   that is a good question – however, with the timing of the recent support, IMF/WB oversite…their insistence on some level of control…and the aggressive movement against ISIS from every direction…things are absolutely moving in a very good direction for Iraq…and as a side note…Abadi has the support of the Kurds, Sadr, the US and the IMF/WB (aka – BIG MONEY)…that is a pretty powerful (and unlikely) alliance he has cobbled together. …they button some of this stuff up – POST HASTE and we will see a giant leap forward in Iraq’s financial system…it’s all pointing that direction…
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Iraqi Dinar/Dollar auction (most recent listing) 05-31-16

Currency Auctions Announcement No. 3210

This daily currency auction was held in the Central Bank of Iraq on the 05-31-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) –   THEY HAVE BEEN WORKING WITH WORLD BANK SINCE 2008 TO RESTRUCTURE & PRIVATIZE THE SOB’S…AND THE BANKING REFORM IN LAST YEAR HAS BEEN AT BEYOND WARP SPEED…  THE US PANEL IS IN BAGHDAD SETTING UP SHOP AT US EMBASSY TO OVERSEE CBI IMPLEMENTATION OF AUCTIONS GOING FORWARD…IT IS COMMON KNOWLEDGE AS TO WHY IT HAS FAILED AND IRAQ HAS HAD ADEQUATE TIME TO REMEDY///THE US IS TAKING OVER…   I AM NOT CONCERNED WHATSOEVER AS THE NEWS REFLECTS INCENTIVES AND PATH FOR IRAQ TO ACHIEVE ECONOMIC & FINANCIAL REFORM…
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BGG (Dinar Guru) –   Article:  “Kurdish blocs announced their support for his reformist Ebadi“  So the Kurds are announcing (telegraphing) relatively broad-based support for Abadi’s reform project...This is interesting in light of the fairly severe splitting of the National Alliance and crumbling of Maliki’s support base…and the mostly ineffective political attacks his crooked bunch carried out in Parliament lately…they are doing everything they can to slow walk things…surprise surprise.  Sadr is backing Abadi… (that’s about 4 Million protestors over the last several weeks)…it’s like having 2nd Amendment protection – but made up of human bodies.  The Kurds are backing Abadi – (as per today’s PR releases)… This is all very good news.
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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Kaperoni (Dinar Guru) –   So now Iraq is in a quagmire. They are being forced to make changes with monetary policy…changes that will benefit us as investors. The plan calls for ending the auctions (they must have an alternative if they do that such as float), getting off the peg, moving from Article XIV under the IMF to VIII when the conditions allow it. But they key for any of this to succeed is the Iraqi politicians to create the right economic atmosphere so the plan will succeed…which seems to be the biggest question…if they can.   [post 2 of 2]
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Kaperoni (Dinar Guru) –   Iraq dropped the ball big time. They had a window of time from about 2010-2013 in which under Article XIV, they were meeting the guidelines the IMF requested and at the same time, profits were high due to high oil prices, etc. Unfortunately, Iraq chose to steal as much money as they could during that time, than do what was right.  Now, the conditions have changed, oil prices are 50% or more less than that period, revenue is less, Iraq cannot meet its payroll, or other investment obligations…as a result everyone is complaining that the auctions, the peg, etc. no longer works…which is true,,especially if they ever wanted to get the dinar out convertible/tradable on a global scale.  [post 1 of 2….stay tuned]
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