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 – 05.09.2015

http://www.cbi.iq/

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Don’t go around saying the world owes you a living. The world owes you nothing. It was here first. – Mark Twain

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*** Current News ***

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rcookie – Articles:  “Jubouri opens fire in Sulaimaniyah on events parliament will not pass easily” & “Minister: Minister Kurds return to Baghdad will be decided in the coming hours (Details)”    Quote:  “Jubouri and arrived in the city of Sulaymaniyah, to meet with the leaders of Kurdish political blocs in the Iraqi parliament to urge them to return to Baghdad.”   JABOURI IN KURDISTAN…MEETS WITH BLOC LEADERS TO URGE RETURN TO PARLIAMENT…GIVES ASSURANCES OF ACCOUNTABILITY AND SECURITY… CITIZENS [ARE] READY TO ROCK & ROLL TUESDAY ONCE OFFICIALLY CALLED BY JABOURI…AND WITH THE KURDS STATING THEY WILL ANNOUNCE DECISION ON WHETHER ATTENDING OR NOT WITHIN HOURS…WE MIGHT KNOW SOMETHING SOON…..
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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:…

Read More: http://www.dinarupdates.com/blog/
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Millionday – Article quote:  “…»Sabah»: the number of states have passed the same experience and exceeded the transitional phase in the economy quietly and smoothly and mechanisms certified executive by involving the public and private sectors and relevant experts…“  SABAH IS STATING THAT THERE ARE MANY COMMITTEES FORMED FOR THE TRANSITION TO A MARKET ECONOMY…WHOOPOW…MANY YEARS HAVE JUST BEEN FULL OF THE COMPLETION OF PLANNING, LEGISLATION, AND EXECUTIVE MOVES…THE RETHINKING OF THE MECHANISMS WOULD BE THE JOB OF THE COMMITTEE –MEANING THAT THEY ARE TO STEER THE ECONOMY THROUGH THE MARKET ACTIVATION TO PARALLEL THE CONSTITUTION, GOV PLAN AND THE NATIONAL DEVELOPMENT WRITTEN ALL THE WAY TO 2030.
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rcookie – Article:  “Rafidain Bank and finance are therefore able to recover funds abroad”   Quote:  “The Bank’s management in cooperation with the Ministry of Finance contributed to recover money wasted market and abroad…which contributed to a strong financial balance.”  WOW!  IRAQ STATING THAT RAFIDAIN HAS ACHIEVED IMPORTANT FINANCIAL SUPPLEMENT TO ITS BUDGET…STRENGTHENING REGULATORY UNACCOUNTABLE FUNDS IN COOPERATION WITH MINISTRY OF FINANCE…RAFIDAIN RECOVERED MONEY “WASTED” IN EXTERNAL MARKETS ABROAD…WELL ITS OFFICIAL THEY ARE RECOVERING SOME OF THE PILFERED STATE FUNDS THROUGH INTERNATIONAL COMPLIANCE AND COOPERATION…PRETTY BIG NEWS…IN INK!
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Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Monday evening 7:30pm CST!!

www.DinarUpdates.com – save as favorite!!
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firefly – Article:  “Rasheed Bank grants loans of up to 20 million for the operation of small businesses”   …it definately helps their economy…And more confirmation that Rasheed bank is ready!   [I think May is a great month.]  Will be an extremely interesting month and one to watch closely!
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Frank26 – We are in the process of entering the … RI.
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Iraqi Dinar/Dollar auction (most recent listing) 05-09-16

Currency Auctions Announcement No. 3194

This daily currency auction was held in the Central Bank of Iraq on the 05-09-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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hub – …i just know the law of economic principal will prevail. Look at the GNP or GDP of countries that have worthless currencies. They are worthless because they have no KNOWN resources. BUT look at what is happening to VN, ZIM and other such places. New Technologies have ways to extract natural resources not able to be obtained before. So are we seeing their worthless currencies gaining value, yes.  Iraq is known to be one of the riches countries in the world, but still has a worthless money right now. But imo they have to be very close to coming to the world fore front economically.  …they will not be worth trillions in resources and not have a currency worth trading…
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Millionday – PARLIAMENT IS TO MEET ON — TUESDAY THIS COMING UP…THE PLAN IS TO VOTE THROUGH THE CABINET AND AGENDA.  THEY HAVE HAD MANY INVASIONS INTO THE GREEN ZONE AS WE KNOW BUT — THESE ARE CITIZENS CALLING FOR REFORMS — NOT TERRORISTS — ACTIVISTS…  HOWEVER — TROOPS HAVE BEEN SENT OVER REPORTEDLY FOR PROTECTION ETC. HAVE FOUND SOMETHING THAT I FIND VERY INTERESTING — DUE TO MANY YEARS AGO WE WATCHED FOR TROOPS LIKE THIS AND EXPECTED ADDED TROOPS DURING REFORMS — IMO DISCLAIMER. Quote: “A commission of economy and investment representative, on Friday, announced the arrival of Swiss devices for the printing of currency to Iraq…”   THIS WOULD BE DEL A RUE IMO — NOT PRINTING — THE CURRENCY HAS BEEN REPORTED TO BE CONTRACTED BY TWO COMPANIES AND PRINTED SOMEWHERE ELSE.  SO— IT APPEARS THAT THE DEL A RUE MACHINES HAVE ARRIVED AND MADE THE NEWS — WHOOPOW.
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Deputy for the Liberal calls for Maliki to be outside the political process and “behind bars”

MP for the Liberal bloc Majid al-Gharawi, on Friday, that the cause of the dropping of four Iraqi provinces, however, the organization “Daash” terrorist, referring to Nouri al-Maliki should be outside the political process and “behind bars.”

Gharrawi said in an interview that “the cause of dropping the four provinces, however Daash terrorist and brought the country to what it is now because of the wrong Ssayasth, you must be outside the political process.”

He Ghraoui, “you should have this person (al-Maliki) behind prison bars, in order to pay for what he has done and the work is supported by the burdens of politicians.”…

Read More: http://www.dinarupdates.com/blog/
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Stryker – …parliamentary finance committee member Ahmed Sarhan stated in…articles this morning that the political crisis will not hold up the loans and at the same time he’s trying to paint a pretty picture for the people of Iraq but the ability of Abadi to reshuffle his cabinet will hold it up…   Sarhan continued in these articles by saying that the crisis is going to be resolved soon and I believe it will too…
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firefly – Article quote:  “Baghdad – counting and Planning Minister Ali Shukri, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed “It’s an important step was waiting for Iraq to raise the value of the dinar.” government banks Rafidain and Rasheed…Notice all the talk about those 2 banks lately?  Both claiming to be ready and the CBI confirming it…Follow the MONEY folks.
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hub – If Iraq waits until everything is perfect, then this will never happen. Look at the problems our country has and we do not stop our economy to clear up drug cartels, poor national administrative actions, crazy congress member, stupid welfare laws, high crime rates in major municipalities, and so forth and so one.  I, in my opinion, feel if they were to start this ball rolling, the people get some jingle in their pockets, it will be surprising how things will work the economic reforms. 
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Backdoc – SUNDAY WOULD BE THE BEST TIME FOR BANKS TO SYNC A MULTIPLE CURRENCY RESET AS WELL.  BE ASSURED I’M PICKING NO DATES HERE BUT SIMPLY WATCHING THE PROCESS UNFOLD AND WATCHING THE LOGIC AND PATTERNS THAT THEY FOLLOW!  SEEMS THAT TOO MANY THINGS ARE HAPPENING THIS WEEKEND BY SUNDAY!  [post 2 of 2]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

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Backdoc – WE KNOW THEY LIKE TO LAUNCH IMPORTANT THINGS ON THE 8TH!  DON’T FORGET THEY DID IT TO FORM IRAQS’ GOVT. SEPT. 8TH 2014, AND WHEN THEY DROPPED THE ZEROS BEHIND THE CURTAIN TO MAKE REMITTANCES COUNTRY TO COUNTRY ON MARCH 8TH 2015! THEY USED THE DOLLAR WITH CONTRACTS TO PROTECT THE NOTE COUNT ON THE DINAR FROM THAT POINT!  IS IRAQ READY TO PULL BACK ITS’ CURTAIN AND TO PAY IN DINAR?  [post 1 of 2….stay tuned]
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firefly – Just a reminder…  “World Bank Iraq Trust Fund”  “The International Reconstruction Fund Facility for Iraq (IRFFI) was launched early in 2004 by the United Nations and the World Bank to help donor nations channel their resources and coordinate their support for reconstruction and development in Iraq. The World Bank Iraq Trust Fund (WB ITF) is one of the two trust funds for donor contributions.”  by the United Nations and the World Bank  “World Bank Restructure the Rafidain and Rasheed in Order to Raise the Value of the Iraqi Dinar…March 26, 2013”  Folks, what is happening in the GOI has absolutely NOTHING to do with their monetary reform. You want facts?   Look at the IMF, WB, BIS, Global Markets and what their Central Banks are doing. Remember this word … “COMPLIANCE”.
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Abadi seeks to liquidate al-Maliki and Allawi and Nujaifi relying on our movement protest

BAGHDAD / Hassan Shammari: The leader of the Sadrist Prince Kanani, on Monday, Prime Minister Haider al-Abadi seeks to liquidate his opponents (Nuri al-Maliki and Ayad Allawi and Osama Najafi, by relying on the demonstrators, stressing that the protest movement is in the interest of the end for al-Abadi.

Said Kanani in alone for “Middle East”, and seen by “Sky Press,” that “Abadi Pat derives its strength from the demonstrators, and he was able to cross the protests of the overthrow of the leaders of the senior fold: Nouri al-Maliki, and Iyad Allawi, and Osama Najafi, Saleh al-Mutlaq through package The first reforms last year. ”

Kanani said that “al-Abadi is not weak as many fancy, but it will work on the liquidation of the remaining adult opponents, to take advantage of this protest movement flowing into the end of his interests.”…

Read More: http://www.dinarupdates.com/blog/
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BGG – Iraq has been like a FREE ATM to these CLOWNS draining Iraq and it’s people of USD, IQD, GOLD and most importantly OIL…THEY KNOW…Abadi knows…Sadr knows…they are forming an “alliance” of sorts…against all these crooked thugs and clowns in Parliament…against whomever is behind the CBI (because – OBVIOUSLY – Maliki COULD NEVER HAVE stolen what he did without them being IN ON IT. NOT POSSIBLE…DID YOU NOT SEE THE DEMONSTRATIONS put up by SADR again TODAY?? this is real – it’s not politics – it’s ECONOMICS.  QUIT STEALING THE MONEY!!  …THE REFORM has started…you are watching it…this will happen…we are on the right side of the BET!!
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Poppy3 – …WHO WHEN AND WHERE WILL THEY ANNOUNCE THE NEW RATE OF THE DINAR.   I HAVE HEARD MANY SAY THEY THINK IT WILL BE A WORLD EVENT AND WILL START WITH HUGE GLOBAL CELEBRATION.  I REALLY DON’T THINK SO…I THINK WE WILL JUST WAKE UP ONE MORNING AND WITHOUT WARNING THE RATE WILL SHOW THEN THEY WILL START ADVERTISING THEY ARE NOW MEMBERS OF GLOBAL ECONOMY AND OPEN FOR BUSINESS WITH THE WORLD. TIME WILL TELL.
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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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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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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 – 05.06.2015

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The problem with democracy: We get the government – they deserve. – Will Spencer

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*** Current News ***

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Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Friday evening 7:30pm CST!!

www.DinarUpdates.com – save as favorite!!
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firefly (Dinar Guru) – [...I’m praying for something to happen this weekend, we will see...]   There are many people expecting to see something very soon !
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Islandg1211 (Dinar Guru) – The war against ISIS is 70% complete. Although the toughest battles will be Fallujah and Mosul.  Baghdadi may have been hit, and not releasing that Intel would be very encouraging. However, the GOI is a big mess, combined with Sadr’s and the protestors’ actions.  Maliki and Shahstani are still not arrested.  The GOI still isn’t meeting. Abadi still hasn’t announced the rest of his cabinet.  The laws are still not passed.  The Kurds’ Article 140 and HCL are still not law.  All of this is in my opinion. But, I said this on Monday and I’ll say it again, Abadi has to use his power now or lose it.
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Bruce (Dinar Guru) – …rv happened on Tuesday morning…. but with authority still pending…new financial system will not allow price fixing, manipulation – set up so its fair…in the past blatant transactional manipulations… now it is designed to be fair, much faster, and transparent…financial deceptions are now exposed… it is possible that we are in a strong position right now, that we will see redemptions …very very shortly…once the process begins, there is turning back. That is why there has been so many stops and starts.  I would say we are in a position that we will see this very shortly.
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Iraqi Dinar/Dollar auction (most recent listing) 05-05-16

Currency Auctions Announcement No. 3192

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

The results were as follows:

More: http://dinarupdates.com/blog/
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Backdoc (Dinar Guru) – IF YOU ALL REMEMBER IRAQ HAD TO SETTLE DEBTS WITH ITS CREDITORS A COUPLE YEARS AGO! HERE WE GO AGAIN!  WE AWAIT FOR IRAQS’ SHIA BROTHER [IRAN] TO SETTLE ITS DEBTS SO IT WILL BE ALLOWED TO RE-ENTER THE WORLD!  WHAT I STRONGLY BELIEVE IS IRAQ HAS MADE UP DRAMA TO STRING THE STORY ALONG UNTIL IRAN IS READY!  IMO THE TWO SHIA BROTHERS WILL GO TOGETHER! IT HAS ALWAYS BEEN PART OF THE DEAL! AMAZING HOW IRANS RESERVES HAVE SOARED, THAT CAME OUT OF NOWHERE! WOW!  ONCE THE DEBTS ARE SETTLED AND WE HOPE VERY SOON, IRAN WILL HAVE A CURRENCY OF COMPATIBILITY TO ITS SHIA BROTHER AND THE REST OF THE MONETARY REFORM WILL LAUNCH!  THIS IS WHAT WE WAIT FOR NOT IRAQ! IRAN! …IMO.
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Bluwolf (Dinar Guru) – …We are now in a great point…we are there in all aspects of this whole rv situation.  Things shall be moving forward shortly…
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wmawhite (Dinar Guru) – …what the deletion of the zero project is?   …it is a “project”…not a single event…the CBI, which controls the project…is already in the process of doing…   Also…the process of moving into the markets is not going to wait on whether the Prime Minister has all of the ministers he wants or if he has only half…it is a process that has already started…and again, what we see is not the end of the world…just look at Japan’s parliament, or Turkey’s…not all of the world follow our rules of behavior.
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Will Abadi resign from his party?

BAGHDAD, Iraq — Iraqi Prime Minister Haider al-Abadi is seeking to form a government of independent technocrats away from the quotas system, the political process that Iraq has grown accustomed to over the past 13 years. Under the system, the political positions are divided according to the quotas distributed among the main components of the country — Sunnis, Shiites and Kurds. However, the steps that the prime minister is taking in forming the government of independent technocrats has faced obstacles, most notably political and popular demands for him to leave the Islamic Dawa Party with which he is affiliated…

Read More: http://www.dinarupdates.com/blog/
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Chattels (Dinar Guru) – …the political discord makes it almost impossible to get anything through parliament, which is necessary to change the government.  …Abadi can change nothing without Parliament. The notion and assertions by the others that Abadi is “in control” or that “Parliament has been fired” is just nonsense.   It is a dangerous “game” being played and the future of a democratic Iraq as we know it hangs in the balance.

This is an ASININE “twist” on recent events. Abadi is in a good position (according to US DoD reports – recently) – in the event of a “care-taker” government being appointed…he could do almost anything he pleases. So that part is HOGWASH. Has Parliament been fired?? Of course not – however, Fuad Massoum would be well within his constitutional charter to dismiss Parliament and call for early elections. HE HAS THIS OPTION/RIGHT. THEY HAVE DISCUSSED IT – I ASSURE YOU…Have they – or will they?? Another story entirely…

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Poppy3 (Dinar Guru) – “…slow but deliberate movement…positioning to complete reform sometime in near future during june…”   TIME WILL TELL…SOME REPORTS THAT KERRY REQUESTED WHILE HE WAS THERE A COUPLE WEEKS AGO THAT IF THEY WHERE NOT GOING TO FINISH REFORM TILL THE LAST WEEK OF JUNE TO JUST WAIT TILL JULY 4TH AND THE USA COULD CELEBRATE A NEW INDEPENDENCE DAY. I TRULY DOUBT THIS…HOWEVER I COULD HEAR KERRY MAKING THAT SUGGESTION…   …we have come thousands of miles in comparison to previous years on things actually getting completed…get ready for great news in june till july first week. there will be movement during that time…not sure if they will rv during that time but it is expected by many researchers…we are definitely closing in and we will all win together.
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Frank26 (Dinar Guru) – IMO…Last Thursday BIS and WB said to Iraq…Go on MR.  Then they say that the IMF said they will finish with Iraq in May.  That’s what i believe.
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Shredd (Dinar Guru) – 1. Move to Market Economy with a market-driven currency  2. Supplement note denominations to support the growing value, as well as whatever the rate adjusts to rapidly to start with.  3. As large three zero notes become too large, begin removing from circulation  4. As rate continues to grow, continue to release the entire book of note denoms  5. De-dollarize   [post 3 of 3]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

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Shredd (Dinar Guru) – so if we are to expect a move to a market economy with a market-driven floating rate, that will need to be in place before they activate actually removing the 3 zero notes…they are usable now due to the poor rate but in order to remove them, there must be incentive via a higher purchasing power, ie more value…so,this is a process, it will take time…so if the three zero notes being removed early next year, this process to get to that stage will need to start earlier…the process of having a rate that gives enough purchasing power to exceed the usefulness of the three zero notes because they will be too large.  imagine if the only USD notes we had were 100, 500, 1000, 5,000 and 10,000 same thing.  [post 2 of 3….stay tuned]
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Shredd (Dinar Guru) – Article quote:  “the Governor of the Central Bank and the agency on the Keywords, said a former time, that ” the project to delete the zeros will be implemented in early 2017, noting that the bank” began to develop the first project steps.”   to begin to remove the zeros beyond shrinking the supply that has already been taking place over the past few years, the dinar will need to be usable to the people…that can happen by adding value and as a result, adding smaller denoms eventually decreasing the need for the dollar.  [post 1 of 3….stay tuned]
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Abadi seeks to liquidate al-Maliki and Allawi and Nujaifi relying on our movement protest

BAGHDAD / Hassan Shammari: The leader of the Sadrist Prince Kanani, on Monday, Prime Minister Haider al-Abadi seeks to liquidate his opponents (Nuri al-Maliki and Ayad Allawi and Osama Najafi, by relying on the demonstrators, stressing that the protest movement is in the interest of the end for al-Abadi.

Said Kanani in alone for “Middle East”, and seen by “Sky Press,” that “Abadi Pat derives its strength from the demonstrators, and he was able to cross the protests of the overthrow of the leaders of the senior fold: Nouri al-Maliki, and Iyad Allawi, and Osama Najafi, Saleh al-Mutlaq through package The first reforms last year. ”

Kanani said that “al-Abadi is not weak as many fancy, but it will work on the liquidation of the remaining adult opponents, to take advantage of this protest movement flowing into the end of his interests.”…

Read More: http://www.dinarupdates.com/blog/
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tlm724 – Article quote:  “…the Governor of the Central Bank and the agency on the Keywords, said a former time, that ” the project to delete the zeros will be implemented in early 2017, noting that the bank” began to develop the first project steps.”  The project to delete the zeros still exists…still on the table…great to see it in the news again!  the situation of the country is not conducive to the deletion of zeros from currency…we kinda knew that… implementation delayed because of the security situation is stable.
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Islandg1211 (Dinar Guru) – The Monetary Reform was spelled out in the LOI from the CBI to the IMF six months ago. The final review scheduled in the LOI is the end of May. Combine this with Intel that the BIS and WB have signed off on the RV, along with Abadi and Biden. The bond, loans and credit rating agreement that was started in April with Jack Lew is expected to be finalized this month.  98% of the banking reform is complete. Abadi has stated that he has eliminated the Proxy positions, allowing him to appoint a new Gov of the CBI. The Board of Directors have already been replaced. So, the Monetary Reform has really progressed and is falling into place.
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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!!)

______________________________________________________________

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
______________________________________________________________

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 – 04.26.2015

http://www.cbi.iq/

______________________________________________________________

Crisis is the rallying cry of the tyrant. – James Madison

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*** Current News ***

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The United Nations stands ready to intervene to dissolve the parliament crisis

The United Nations stands ready to intervene to dissolve the parliament crisis

Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubis, the United Nations stands ready to find a political solution to the crisis that is currently taking place in parliament, he said.

He said in a statement after a meeting with President Fuad Masum said the political parties in Iraq must reach a political solution, and on an urgent basis, based on the Constitution and the law and the principles of democracy, which puts an end to the state of division and paralysis taking place in Parliament, paving the way rapidly to initiate and proceed forward with the necessary anti-corruption measures and reforms as well as ensuring the smooth functioning of state institutions without any pressure or intimidation noting that the United Nations stands ready to facilitate these efforts, if needed and if requested by the parties.

Read More: http://www.dinarupdates.com/showthread.php?33885-The-United-Nations-stands-ready-to-intervene-to-dissolve-the-parliament-crisis
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Backdoc – ARTICLE 4 WAS GIVEN TO VIETNAM! WOOO HOOO.  THIS MEANS THEY NOW QUALIFY FOR A CURRENCY OF VALUE ON THEIR OWN AND NO LONGER NEED TO REMAIN PEGGED TO THE DOLLAR! I LOOK FOR THEM TO PEG TO THE SDR AND BE A DONOR CURRENCY JUST LIKE IRAQ!
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Kaperoni – Article:  “Iraqi economic expert’s (Basenyoz): The federal government will face difficulty in paying employees’ salaries after next June” There is a plan.  Both the CBI and IMF knew of the financial situation back in Dec when they signed the MoU. 
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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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Islandg1211 – A few things caught my eye today in the articles…IMO, they were expected at this time, because I’ve felt the end of April was the most likely time for the RV based on their history.  Jack Lew’s co-signing of Iraq’s loans from the IMF prompted me immediately post “it’s done.” I have been expecting this time frame. Today, these articles just continue to support my expectations:  We were expecting oil prices to continue to climb a bit, and they did.  Another step, is the continuation of the CBI checklist on their LOI (Letter of Intent) to the IMF being met. Restructuring the banks had to be done, was on the list, and has been completed.  Lastly, I was expecting an expanded holiday this weekend with the ISX closed. I expected them to close this Thursday, and RV then.  That has been my opinion for many months.  Today’s article states that ISX will be closed starting Friday through early next week. Let’s watch to see if the CBI follows suit.
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rcookie – Article quote:  “A senior government source revealed, on Sunday, to inform the head of the Integrity Commission Hassan Yassiri Prime Minister Haider al – Abadi, the existence of documents proving the involvement of ministers and political leaders of corruption and illegal speculation by the central bank auctions.”  DOCUMENTS PROVING THE INVOLVEMENT OF MINISTERS & POLITICAL LEADERS OF CORRUPTION AND ILLEGAL SPECULATION BY CBI AUCTIONS…MP’S USING ARAB BANKS OUTSIDE CONTROL AUDITING…IN RETURN FOR BANKING SHARES AND HUGE QUANTITIES OF USD SOLD THROUGH BLACK MARKET…WOW!!…WHAT A SHOCKER…THINK THAT MIGHT BE THE THE REASONING BEHIND THE INTERNAL PRESSURE TO KEEP THE AUCTIONS ACTIVE IN SPITE OF THE OVERWHELMING EVIDENCE OF CATASTROPHIC FAILURE…
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Millionday – Article quote:  “Chairman of the Board of Governors, said in the Iraq Stock Exchange Thaer Adnan Hashim: The development of the capital market in Iraq is important and highlights its importance in the development of the business sector and increase the rate of GDP, and the transition to a market economy…”   THE DEVELOPMENT OF THE CAPITAL MARKET IS REQUIRED TO MOVE FORWARD WITH DEVELOPING THE FREE MARKET ECONOMY — RAISED GDP — AND TRANSITION TO PRIVATE MARKET
THE INTERNATIONAL STOCK MARKET INVESTMENT LAWS NEED TO BE MADE CLEAR — THIS IS ONLY DONE FOR ONE REASON — SO THAT THE ISX CAN BE INVESTED IN AND DEVELOPED FOR INTERNATIONAL INVESTORS AS EXPECTED — THEY ARE STATING THAT IT IS TIME TO APPLY THE COMPANIES ACT– ALLOWING INVESTMENT IN THE ISX SHARES…THIS MEETING WAS HUGE AND FOR ECONOMIC REFORM AND DEVELOPMENT… THIS IS ALL TO MOVE TO THE INCLUSION OF INTERNATIONAL INVESTORS…
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Backdoc – Article: “Crude Oil Tankers Bound For China Surge Amid Stockpiling Signals”   […why is china stockpiling oil?]  IF YOU KNEW THAT THE WORLD WAS ABOUT TO FIGURE OUT THAT…OIL WAS GOING TO COST YOU A LOT MORE IN THE VERY NEAR FUTURE WHAT WOULD YOU DO? THAT’S RIGHT BUY, BUY, BUY!  YOU SEE THERE IS A VALUE CHANGE COMING AND IT WILL COST CHINA MUCH MORE LATER THAN IT DOES NOW FOR ITS OIL!  THE PROCESS OF CHANGE WILL BEGIN IMO LATER THIS WEEK IF A RATE FOR ALL THE EMERGING COUNTRIES LAUNCH THEIR RATES!  WITH EVERYONE READY ITS SIMPLY ONLY A QUESTION OF TIMING NOW!  THERE IS A VALUE CHANGE COMING GET READY!
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Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Tuesday evening 7:00pm CST!!

www.DinarUpdates.com – save as favorite!!
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rcookie – MORE IMPORTANTLY…ONE OF THE MOST IMPORTANT CBI ANNOUNCEMENTS THIS YEAR ON JAN 7TH….WAS THE DIRECTIVE FROM CBI FOR ALL BANKS AND FINANCIAL INSTITUTIONS IN IRAQ TO MIGRATE FROM UAS (UNIVERSAL ACCOUNTING STANDARDS) TO IAS (INTERNATIONAL ACCOUNTING STANDARDS) WHICH IS BEYOND HUGE…BECAUSE THAT CHANGE RESULTED IN COMPLIANCE WITH IFRS..(INTERNATIONAL FINANCIAL REPORTING STANDARDS) WHICH ALL PUBLICLY TRADED COMPANIES IN GLOBAL STOCK MARKETS AND BOURSES USE…   [post 2 of 2]
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rcookie – [the ISX said in an article recently they would be fully ready by end of year. does that in any way hamper the chances of Iraq moving to a market economy by mid year?]  THE END OF YEAR STATEMENT FROM ISX HAS TO DO WITH NEW ELECTRONIC TRADING PLATFORM…THEY ALREADY HAVE IN PLACE THESE REGIONAL FINANCIAL HUBS…WHICH WILL PROCESS THE DATA FROM THE 2 EXCHANGES AND TRANSMIT TO THESE REGIONAL CENTERS WHO WILL TRANSMIT TO THE BANKS AND BROKERAGE HOUSES FOR TRADING BUSINESS WITH THE PUBLIC…   [post 1 of 2….stay tuned]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

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Backdoc – ARTICLE 8 COMPLIANCE HAS BEEN ACHIEVED! THIS MEANS THEY HAVE A RATE NOW! IT WAS POSTED ON THE IMF WEB SITE FOR 3 HOURS!  IN ADDITION TO THESE MAJOR ACCOMPLISHMENTS WE SEE THE USA CALLING FOR ANOTHER CREDIT RATING REVIEW FOR IRAQ WHICH SHOULD BE MUCH HIGHER. BY THE WAY, THE IMF NEW YEAR BEGINS MAY 1ST, DO YOU THINK THAT MIGHT MAKE A DIFFERENCE?   [post 2 of 2]
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Backdoc – IN THE LAST FEW DAYS WE SAW THE GOI (GOVERNMENT OF IRAQ) FIRED BY PRIME MINISTER ABADI. WE ALSO SAW PARLIAMENT SUSPENDED. THE RESULT OF THIS WAS TO BREAK IMMUNITY OF THE CORRUPT INDIVIDUALS. AS A RESULT THEY COULD BE ARRESTED AND REMOVED. A NEW TECHNOCRATIC GOVT. HAND PICKED BY THE USA WILL REPLACE THE GOI. THE BAD APPLES FROM THE PARLIAMENT WERE REMOVED SO THINGS WILL MOVE FORWARD NOW! OF COURSE I COULD BE WRONG BUT I EXPECT SERIOUS ACTION PRIOR TO MONTH END!   [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 04-26-16

Currency Auctions Announcement No. 3187

This daily currency auction was held in the Central Bank of Iraq on the 04-26-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Millionday – Article:  “Office of House Speaker Salim al-Jubouri, said the Presidium of the parliament called on the Prime Minister Haider al-Abadi, to attend the hearing next Tuesday to view the ministerial cabin.”  TUESDAY ABADI HAS BEEN CALLED TO BRING LIST OF CABINET…THE MEETING WILL HOST ABADI AND WILL BE ABOUT REFORMS AND ALSO THE LIST OF MINISTERS — REPORTS ARE STATING THAT THE KURDS WILL HAVE EQUAL REPRESENTATION WITHIN THE CABINET AND BE FAIRLY INCLUDED AS WELL.  [Do you think they will go ahead and vote on it, or start throwing shoes again?]  IMO THIS WILL BE MUCH MORE PRODUCTIVE BUT WE WILL SEE ON TUESDAY.
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rcookie – [just trying to understand why the stopping of auctions is so important, if it is?]  CBI Control…One short sentence answers…:   the Central Bank of Iraq regulates the flow of money through controlled auctions…Needless to say, this is not normal. In most other countries, money can be easily exchanged into a number of currencies at the will and whim of any citizen. The exchange rates are allowed to move freely according to the forces of supply and demand, interest rates, etc.
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Chest: elections, “early” may be the beginning of the end of quotas and corruption

Chest: elections, “early” may be the beginning of the end of quotas and corruption

Saw the cleric, Muqtada al-Sadr, on Wednesday, said that “early elections” may be the beginning of the end of quotas and corruption!!

Read More: http://www.dinarupdates.com/showthread.php?33619-Chest-elections-quot-early-quot-may-be-the-beginning-of-the-end-of-quotas-and-corruption&p=150632#post150632
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tman23 – Quotes:   “He said the information Office of the House speaker, Salim Al-jubouri, the Presidium of the Parliament called for Prime Minister Haidar Al-Abbadi, to attend a hearing next Tuesday to view the cab.”  “…the meeting will be at 1 p.m. Tuesday, and will be inclusive of all parties”  …And there is the confirmation to what was said Friday…Abadi new list will be in front of Parliament…Jabouri will host, Abadi has an invitation to attend…The vote of Abadi reforms will have Maliki and Jaafari lead one last attempt to upset the apple cart…both these guys are realizing their days are now numbered…The vote on the reforms is as as close as they can get to national reconciliation for time being.
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tman23 – “The Iraqi Prime Minister Haider al-Abadi will suggest a new line-up of the technocrat cabinet to the political factions on April 26.”   VOTE WAS SAID TO BE ON MONDAY BUT 26TH IS A TUESDAY…..AND KNOWING CBI WAS TO RELEASE FUNDS FOR LOANS OF THE 27TH…WHICH NOW I BET $1 AND A BAG OF PEANUTS IT GOES ON SUNDAY MAY 1ST…
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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
______________________________________________________________

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

http://www.cbi.iq/

Indicative rates – 04.22.2015

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NEWS FLASH… Harriet Tubman was a STRONG supporter of the Second Amendment, and she of all people understood the dangers of being unarmed. BGG

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*** Current News ***

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Ok – so here it is…

I have been working on this info for a couple of days now… I needed to look into it, capture some screen shots on my own and mull it over before I put this out…

It appears, last Tuesday, for about 3 hours – the Investing.com trading platform was showing an increased value to around 8 1/2 cents… I’ll add more details as we go…

Here is a screenshot taken last Tuesday, showing a clear increase in the value of the Dinar. Obviously, only for about 3 hours, but still… very exciting.

To “fact check” this for yourself, go to – http://www.investing.com/ – move your cursor to “More”… click on “Currencies”… In the Middle East section find USD/IQD – click on it…

Just under the USD/IQD overview – there is a line that has the “1H” shown below… click it, you will notice that for approximately 3 hours on the 19th, the value (on this platform) of the IQD was reflected as approximately 8 1/2 cents (more on how I arrived at this later).

BTW – It obviously shows a significant increase (like – almost 10,000%). When you place your cursor in the lower right hand circle… it will show a value (at that time) of 11.8 Dinars per USD. WOW!! (Thanks to thh for providing this info)…

Read More: http://www.dinarupdates.com/blog/
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firefly – Article quote:  “In March, boutique investment bank Exotix Partners issued a “buy” alert on Iraqi benchmark U.S.-dollar 2028 bonds, taking into account Iraq’s low oil extraction cost and projected increases in production.”   issued a “buy” alert…Hmmmmmm.  I’m not saying RV lol, but very telling.
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Adam Montana – [On every ones mind would be Parliament, the GOI, and what the recent turmoil we are seeing means?]  YES – the turmoil! It’s about darn time something happened, I’m looking for good news to come out of this.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

______________________________________________________________

Frank26 – there have been a lot of meetings going on and these meetings were mainly in Iraq…but now they are in Iraq and DC…but they are mainly in DC…   This is the reason why we see all these meetings…the bonds are being born now…they are going to sell these bonds in American dollars…they are going to do this now…these bonds will work…NOW…So the USA has gone in to co-sign and support these bonds that are about to be sold internationally in USD…There have been so many meetings with the WTO, the WB, the IMF…the US is in CHARGE…right or wrong the US is in charge…we are in charge of what is going on in Iraq.
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rcookie – THE US HAS ALREADY MADE ITS INTENSE POSITION OF SUPPORT FOR ABADI RESHUFFLE AND NATIONAL REFORM PROGRAMS…AND NOW…   Article:  “Urgent .. EU announced a financial grant of Iraq and in support of Ebadi”  SO…ABADI AND NATIONAL REFORM PROJECTS HAVE STATE…REGIONAL..AND GLOBAL SUPPORT COMMITMENTS… VYING AGAINST SOME INTERNAL OBSTRUCTION FACTIONS…AND REPORTS TODAY OF MALIKI OFFERING SPECIAL FAVORS TO MP’S FOR DISMISSAL OF “FALL OF MOSUL” INVESTIGATION…AND HIS NAME FROM THE SUSPECT INVESTIGATIONS…THAT NOURI…WHAT A GUY…
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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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Shredd – Article:  “WASHINGTON: Iraq’s economic reforms began effects increase non-oil imports”   Quote: “the Iraqi government’s success in economic reforms would mean signing an agreement with the International Monetary Fund, you get a loan worth billions of dollars.”  Great article and we again see the leverage the IMF has with Iraq. That is why the pressure from them is so great to see.
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firefly – Bottom line is Parliament has been suspended (fired)…And Abadi IMO will show us his new ministers VERY soon.  Nobody in {Parliament has immunity because they are no longer a part of the government…And IMO Abadi will Proxy in the EXPERTS of his choosing…be happy this ride is at completion IMO.

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Breitling – How is the dinar going to be taxed?  How I discovered how it’s going to be taxed, I went back through some of my tax records and one of the project I had was Brazil …It was actually a very significant amount of currency I brought back and I looked to see how I was taxed and it was ordinary income…it was a big chunk and that is the way they taxed it.  I’m NOT a tax guy alright…It’s different in each state on how you can set things up and how you categorize things and how you can spend it…so you get the gist.  Ordinary income is going to be across the board in the entire country.
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Shredd – Article:  “Iraq Stock Exchange is planning to work after the trading system to “streamline” procedures and “activate” investment”  Really good to see this. Look at this from the outside…would this even be happening if investment interest was low or if tremendous wealth and gain was not possible?  …we all know Iraq is primarily an importer outside of oil. We also know they must diversify in this regard to mitigate the risk of large market swings having too much of an impact on the entire country’s economy.   This is yet again another article that reminds us of the investment architecture being built over the last several years. The investment desire is there and once we see stability in security and the government, we’ll see growth.
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Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Friday evening 7:00pm CST!!

www.DinarUpdates.com – save as favorite!!
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Bruce – YESTERDAY OR TODAY THE IMF MADE LOANS TO IRAQ!   SO WE ARE HOPING THIS IS A PARALLEL! THE WORLD WIDE ANNOUNCEMENT AND TRADEABILITY MAY COME OUT IN LIKE MANNER…THINK THIS IS SIGNIFICANT BECAUSE OF THIS TIMELINE… INTERESTING COMPILATION OF THINGS WE THINK IS BEING CORRALLED.   BASED ON INTEL THEY ARE GETTING—IN A MODE OF ANTICIPATION OF THIS HAPPENING—NOT CALLING IT—JUST SAYING POINTING TOWARD IT GOING VERY QUICKLY.
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Mountainman – JACK LEW (Was There and Apart of) “WHEN” KUWAIT REVALUED their CURRENCY in the 1990’s…Actually was A Key Component…So HIM being there NOW at {THE END} is PARAMOUNT in the BIGGER PICTURE…And These LONG MEETINGS…Are About…The TERMS/GUARANTEES for the USA to {COVER} their ASSETS = HOW/WHEN IRAQ Pays Back the “GUARANTEES”… With IRAQ being The WEALTHIEST COUNTRY In the WORLD and The KNOWLEDGE the USA has About the [NEW GLOBAL REALITY] and {ALL} Involved…It’s Really NOT A Problem…To {GUARANTEE} w/J.LEW’S /U S A ‘S Blessing…(8) = New Beginnings…SOON… IMO.
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Source: al-Jabouri infallible will be asked to dissolve Parliament and hold early elections

Baghdad – Parliamentary sources, Wednesday, the President of the House of Salim al-Jabouri to visit President Fouad Massoum, adding that al-Jabouri infallible will be asked to dissolve Parliament and hold early elections.

The source said in an interview for “sky”, “Parliament Speaker Salim Al-Juburi went to visit President Fouad Massoum”.

The source said on condition of anonymity, said al-Jabouri infallible will be asked to dissolve Parliament and hold early elections. ”

A parliamentary source said early Wednesday that the chaos occurred inside the House, cause upheavals to trap some of the deputies commissioned mp Mishan al-Jabouri request requires the removal of the three presidencies, said Salim Al-Juburi asked the President of President Fouad Massoum to attend Parliament.

Earlier, the source said Tuesday that the number of signatories to the sacking of the three presidencies reached 167 Vice “, adding a” this dismissal presidencies have reached normalcy.

Read More: http://www.dinarupdates.com/showthread.php?33615-Source-al-Jabouri-infallible-will-be-asked-to-dissolve-Parliament-and-hold-early-ele&p=150628#post150628
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Poppy3 – …THE RATE WILL APPEAR ONE MORNING THE FIRST MINUTE THEY FINISH WHAT THEY BEEN TOLD TO COMPLETE BY UN, IMF, WB…NOT ONE DAY BEFORE AND NOT ONE PERSON KNOWS WHATS ON THAT LIST OF ACCOMPLISHMENTS THEY MUST COMPLETE.
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Millionday – THE IMF HAS GIVEN A FORMAL RELEASE TO MOVE IRAQ TO ARTICLE 8 AND IT IS ON THE FORMAL WEB SITE OR AT LEAST IT WAS — THEY WILL NEED TO HAVE PRICING AND ALL TRADE EQUAL AND COMPETITIVE — WE HAVE NO GUESS OF WHAT THAT WILL BE BUT THE RATE THEY HAVE NOW AND THE PRICING IS ALL FROM THE IMPOSED RATE — WHAT THEY COME OUT AT PRICE WISE WILL HAVE TO BE AT A VALUE THAT COMPETES IN THE MARKET — ONE WAY OR ANOTHER — ECONOMICS GLOBALLY REQUIRES A CALCULATION THAT ALL COUNTRIES ARE REQUIRED TO HAVE — THAT IS HOW THE VALUE OF THE DOLLAR AND ALL CURRENCIES ETC ARE DECIDED — THE GLOBAL PRICING INDEX.  [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 04-21-16

Currency Auctions Announcement No. 3184

This daily currency auction was held in the Central Bank of Iraq on the 04-21-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Millionday – Article quote:  “The US ambassador to Iraq…said in an interview…that “the economic reforms the Iraqi government began its effects appear to increase non-oil imports,” noting that “the continuation of the Iraqi government in this performance will contribute great in the elimination or reduction of the budget deficit.”  THE IMF IS MOVING FORWARD WITH A LOAN DUE TO PROGRESS ACCORDING TO THIS…THEY ARE WORKING ON THEIR GDP — THIS WILL IMPROVE THE COUNTRY BECAUSE IT IS WHAT IS THE BACKBONE OF THE ECONOMIC REFORM AND THEIR ENTRY TO THE MARKET IN THE GLOBE — THEY ARE TALKING ABOUT TRADE MOVING FORWARD, IT WILL REQUIRE THE INTERNATIONAL EQUATION THAT THEY WERE ORDERED TO COMPLETE — FAIR TRADE.   [post 1 of 2….stay tuned]
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firefly – …keep an eye on the Standard Charter Bank!  THEY WILL PLAY A ROLE…A BIG ONE   [why Standard Charter? Weren’t they just meeting with JP Morgan/Chase in WA?]  ...Standard Charter was the broker when Kuwait re-opened their banks and reinstated their currency… Right after the IMF gave Kuwait their loan…Kuwaits government was also dysfunctional, the citizens had no electricity and sleeping in the mud. Also the oil fields were on fire still.
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Chest: elections, “early” may be the beginning of the end of quotas and corruption

Chest: elections, “early” may be the beginning of the end of quotas and corruption

Saw the cleric, Muqtada al-Sadr, on Wednesday, said that “early elections” may be the beginning of the end of quotas and corruption!!

Read More: http://www.dinarupdates.com/showthread.php?33619-Chest-elections-quot-early-quot-may-be-the-beginning-of-the-end-of-quotas-and-corruption&p=150632#post150632
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Kaperoni – So, the significance is that if they ever want to attract global investors into the ISX (which they do to raise capital for the private sector businesses), they need to get the banking system on an international level with freedom of movement of capital (get the dinar accepted and converted worldwide). This kind of article is good news because it shows not only the intent, but it provides another reason to get this done sooner than later.  I will also add that it states…”expected “system accomplish the end of the second half of the current 2016 ” which falls in line with the other references about opening Iraq’s banking system this year.   [post 2 of 2]
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Kaperoni – Article:  “Iraq Stock Exchange is planning to work after the trading system to “streamline” procedures and “activate” investment” ...the main reason the ISX is limited is because the dinar is not more accepted and convertible worldwide. Think of it this way…”the remote Trading system can investors from trading in securities via the internet from anywhere.” Imagine that situation today, and you wanted to have this trading platform on your home computer in the USA and invest in Iraqi stocks. How would you pay? US dollars? Who would do the conversion to dinar? Would you have to have a dinar denominated account? Yes, there are ways to accomplish this without the CBI moving to IMF Article VIII like having a “custodial banker” (someone who handles these transactions for you)…   [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
______________________________________________________________

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 – 04.21.2015

______________________________________________________________

History teaches us that men and nations only behave wisely once they have exhausted all other alternatives. – Abba Eban

______________________________________________________________

*** Current News ***

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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
4/21 – @ 6:00pm CST

  Smart phone user link – Click here

______________________________________________________________

firefly – What member of the Parliament or CoM attended the financial meeting in Wa [Washington] last Saturday? [Zabari.]  Exactly.  Zebari is Finance minister.  He had to be there.  My point is…Only the financial players were at that meeting…And that excites me!
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Islandg1211 – For a year I’ve been looking at the end of April because it’s the preferred time of the IMF (or those behind the IMF) to RV countries currencies, whose Central Banks are independent of their governments. That’s why I look at April, and not what the GOI is or isn’t doing.
______________________________________________________________

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!!)

______________________________________________________________

Adam Montana – [On every ones mind would be Parliament, the GOI, and what the recent turmoil we are seeing means?]  YES – the turmoil! It’s about darn time something happened, I’m looking for good news to come out of this.
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tlm724 – Article quote:  “The leader of the Islamic Supreme Council, Adel Abdul-Mahdi, Wednesday, some of the actions of the demonstrators monument to the gallows, and surround ministries “undemocratic,”  the protesters erected those gallows and it’s scaring the crap outta of the GOI and it should…they should be very scared at this point…the gallows certainly makes a statement does it not?
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Millionday – KNOW THIS MEETING IS VERY FORMAL…VERY MAJOR… IT IS THE MEETING OF ALL THE MOST INVOLVED IN GLOBAL ECONOMICS — WHAT WE HAVE HERE IS — WASHINGTON SAYING THAT IMPORTS BEYOND OIL ARE PICKING UP IN IRAQ — THE STOCK EXCHANGE BEING WORKED FOR SUCCESSFUL GLOBAL ENTRY AND WE HAVE THE MEETING WITH ALL PLAYERS GOING ON RIGHT NOW.   [post 2 of 2]
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Millionday – Article quote:  “Finance Minister Hoshyar Zebari, on Monday, with a kilo Honda Executive Vice President of Multi-Agency of the World Bank Investment Guarantee parties, the possibility of bringing many of the financiers and investors to the Iraqi market.”  THIS IS ALL ABOUT THE ACTIVATION OF THE ECONOMIC REFORM…ENTRY INTO THE CAPITAL MARKETS…THE SALE AND EXCHANGE OF THE DINAR…THIS IS THE FORMAL MEETING TAKING PLACE TO MOVE IRAQ FORWARD AND THEIR MARKET AND THE DINAR…WHOOOPOW.   [post 1 of 2….stay tuned]
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Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” w/Millionday in the DU CHAT ROOM – Friday evening 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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Kaperoni – Article:  “Iraq Stock Exchange is planning to work after the trading system to “streamline” procedures and “activate” investment“  Quote:  “…the update is the latest action which will be used by brokerage firms to enable investors to execute trades mechanisms themselves in accordance with the instructions and rules prevailing in the Iraq Stock Exchange.”   This is exciting for sure…since the stocks on the ISX are traded in dinars.  Another piece of the puzzle.
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Islandg1211 – …the arrests of the Erbil Central banker and the coordinated arrest of the Iranian Central Banker confirms Iraq and Iran are together moving forward with and supporting each other’s monetary reform.  Getting rid of the crooks in the Central Bank is yet another thing Shabibi can check off.  The US has always demanded a fully formed government, a permanent military presence, troop immunity, and the HCL.  Getting rid of ISIS and passing these laws are being Accelerated IMO. The U.S. Serious about completing their mission in Iraq to such an extent the US stated that they would use their military to protect the three Presidents and Abadi.  [post 2 of 2]
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Islandg1211 – Jack Lew the US Sec of Treasury Guaranteed Iraq’s loans to the IMF.  He could not have done that without already knowing that Iraq was Article VIII compliant, IMO.  The IMF prefers to RV countries the end of April. I’m still looking at this time frame.  Jack’s action supports this.    Shabibi has always been concerned with inflation and debt prior to RVing. (He got inflation under control, Iran is playing catch up with that.) The bonds and credit rating will help Shabibi’s balance sheet in order to support the new rate.  The loans will help Iraq’s problem of the Budget deficit caused by the lower oil prices.  All these meetings in DC between Zebari, the WB, JP Morgan, IMF’s “Coconut” concluded with Jack Lews guaranteed loans.  [post 1 of 2….stay tuned]
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Source: al-Jabouri infallible will be asked to dissolve Parliament and hold early elections

Baghdad – Parliamentary sources, Wednesday, the President of the House of Salim al-Jabouri to visit President Fouad Massoum, adding that al-Jabouri infallible will be asked to dissolve Parliament and hold early elections.

The source said in an interview for “sky”, “Parliament Speaker Salim Al-Juburi went to visit President Fouad Massoum”.

The source said on condition of anonymity, said al-Jabouri infallible will be asked to dissolve Parliament and hold early elections. ”

A parliamentary source said early Wednesday that the chaos occurred inside the House, cause upheavals to trap some of the deputies commissioned mp Mishan al-Jabouri request requires the removal of the three presidencies, said Salim Al-Juburi asked the President of President Fouad Massoum to attend Parliament.

Earlier, the source said Tuesday that the number of signatories to the sacking of the three presidencies reached 167 Vice “, adding a” this dismissal presidencies have reached normalcy.

Read More: http://www.dinarupdates.com/showthread.php?33615-Source-al-Jabouri-infallible-will-be-asked-to-dissolve-Parliament-and-hold-early-ele&p=150628#post150628
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Adam Montana – […do you think a date and rate exist? Do you think that whoever is in charge in Iraq has decided a date and rate yet or is that still up for debate in Iraq right now too?]  I’ve stated many many times that I don’t think we’re looking for a “date and rate” – I believe we are looking for a set of circumstances, which includes a lot of what we already have and also the all-important HCL. Hopefully we’ll be getting back to work on that very soon, in the aftermath of the current situation Parliament is in. But if we have to pick a rate…how does $1 sound?
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Kaperoni – Article:  “Zebari discuss with the World Bank the possibility of bringing financiers and investors to Iraq”  There is never a guarantee that it will all come together, but I do like this...   “to reach an agreement between Iraq and the Fund as soon as possible to finalize the Stand-By Arrangements“  More debt for Iraq and agreements they must follow are all good things pushing this reform forward. 
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Iraqi Dinar/Dollar auction (most recent listing) 04-21-16

Currency Auctions Announcement No. 3184

This daily currency auction was held in the Central Bank of Iraq on the 04-21-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Poppy3 – A NEW BUT VERY WELL POSITIONED SOURCE…HE IS SO CLOSELY INVOLVED HE IS FORBIDDEN TO HOLD DINAR…HE SAYS THE NEXT WINDOW DOES NOT OPEN TILL JUNE 1 AND WILL REMAIN OPEN WITH INFORMATION AVAILABLE THROUGH HIS POSITION AT THIS TIME THROUGH THE FIRST WEEK OF JULY…HE SAID AT THAT TIME HE WILL RECEIVE ORDERS FOR THE NEXT 60 DAYS OR SO AS WHAT TO EXPECT AND HOW TO PREPARE FOR FURTHER TRANSACTIONS. THIS IS WHAT THE MAN SAID I COULD SHARE. SORRY IT IS STILL VAGUE BUT I TOTALLY UNDERSTAND AND BELIEVE WHAT HE IS SAYING AS FACT…AND HIS POSITION I WAS VERY IMPRESSED WITH.
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Adam Montana – I love it when Iraq makes things simple for me. For weeks and months, we’ve been at a standstill with Iraq. No progress, nothing to really talk about. But if you’ve been reading the news over the last week, starting on about Saturday… it looks like the time has come for change. In fact, it looks like al Sadr is on a rampage!   Quote:  “Urgent..Sadr calls for ministers to submit their resignations immediately to pave the way for the formation of a new government...”  And you’re going to see that after the weeks and months of dragging feet, we’re on the road to be back in business. Iraq doesn’t want to sit stale and stagnant, any more than we want to witness it. We haven’t heard a peep about the HCL in months, and it seemed like nobody was going to do anything about it. Looks like that changed, so let’s hope for some good news out of this little shake-up.
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Chest: elections, “early” may be the beginning of the end of quotas and corruption

Chest: elections, “early” may be the beginning of the end of quotas and corruption

Saw the cleric, Muqtada al-Sadr, on Wednesday, said that “early elections” may be the beginning of the end of quotas and corruption!!

Read More: http://www.dinarupdates.com/showthread.php?33619-Chest-elections-quot-early-quot-may-be-the-beginning-of-the-end-of-quotas-and-corruption&p=150632#post150632
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Shredd – ...finally some leverage to push Iraq into what they CAN do…move to a market-driven currency and start moving out of a dual currency economy which will take away sooooo much corruption and create transparency and fairness in trade. No longer falsely holding down their dinar, sure, it’s not at a buck now but it sure as heck is stronger than a tenth of a penny!  also, good to see a few days ago the push for getting a stronger credit rating as that increases, more investment opportunities at a lower interest rate will emerge which creates lending and then borrowing and then liquidity, it’s all connected.   [post 2 of 2]
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Shredd – “Finance Minister meets US Secretary of the Treasury”   “…reaching an agreement between Iraq and the International Monetary Fund on the standby credit arrangements, and its willingness to contribute to the loan guarantees…”   Iraq is not bankrupt or in financial ruins, so why the support?  they need backing and support arranged for moving to a new monetary policy, for moving to a float…they are saying, hey we are being pushed in a corner and we gotta move on the float…do we have your support while we do this…we can anticipate and project local and global response but we can’t see 100% of it… they must have a strong, smooth transition.   [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
______________________________________________________________

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 – 04.20.2015

http://www.cbi.iq/

______________________________________________________________

Bacon is legal in Israel. Bacon is illegal in Saudi Arabia. This shows which culture respects freedom and which culture doesn’t.

______________________________________________________________

*** Current News ***

______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
4/21 – @ 4:00pm CST

  from 4/10 – Smart phone user link – Click here

______________________________________________________________

Shredd – ...finally some leverage to push Iraq into what they CAN do…move to a market-driven currency and start moving out of a dual currency economy which will take away sooooo much corruption and create transparency and fairness in trade. No longer falsely holding down their dinar, sure, it’s not at a buck now but it sure as heck is stronger than a tenth of a penny!  also, good to see a few days ago the push for getting a stronger credit rating as that increases, more investment opportunities at a lower interest rate will emerge which creates lending and then borrowing and then liquidity, it’s all connected.   [post 2 of 2]
______________________________________________________________

Shredd – “Finance Minister meets US Secretary of the Treasury”   “…reaching an agreement between Iraq and the International Monetary Fund on the standby credit arrangements, and its willingness to contribute to the loan guarantees…”   Iraq is not bankrupt or in financial ruins, so why the support?  they need backing and support arranged for moving to a new monetary policy, for moving to a float…they are saying, hey we are being pushed in a corner and we gotta move on the float…do we have your support while we do this…we can anticipate and project local and global response but we can’t see 100% of it… they must have a strong, smooth transition.   [post 1 of 2….stay tuned]
______________________________________________________________

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!!)

______________________________________________________________

Poppy3 – A NEW BUT VERY WELL POSITIONED SOURCE…HE IS SO CLOSELY INVOLVED HE IS FORBIDDEN TO HOLD DINAR…HE SAYS THE NEXT WINDOW DOES NOT OPEN TILL JUNE 1 AND WILL REMAIN OPEN WITH INFORMATION AVAILABLE THROUGH HIS POSITION AT THIS TIME THROUGH THE FIRST WEEK OF JULY…HE SAID AT THAT TIME HE WILL RECEIVE ORDERS FOR THE NEXT 60 DAYS OR SO AS WHAT TO EXPECT AND HOW TO PREPARE FOR FURTHER TRANSACTIONS. THIS IS WHAT THE MAN SAID I COULD SHARE. SORRY IT IS STILL VAGUE BUT I TOTALLY UNDERSTAND AND BELIEVE WHAT HE IS SAYING AS FACT…AND HIS POSITION I WAS VERY IMPRESSED WITH.
______________________________________________________________

Adam Montana – I love it when Iraq makes things simple for me. For weeks and months, we’ve been at a standstill with Iraq. No progress, nothing to really talk about. But if you’ve been reading the news over the last week, starting on about Saturday… it looks like the time has come for change. In fact, it looks like al Sadr is on a rampage!   Quote:  “Urgent..Sadr calls for ministers to submit their resignations immediately to pave the way for the formation of a new government...”  And you’re going to see that after the weeks and months of dragging feet, we’re on the road to be back in business. Iraq doesn’t want to sit stale and stagnant, any more than we want to witness it. We haven’t heard a peep about the HCL in months, and it seemed like nobody was going to do anything about it. Looks like that changed, so let’s hope for some good news out of this little shake-up.
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Mountainman – So The SOLUTION that is MOVING FORWARD {NOW}  is to RAISE the VALUE at a Minimal of 1 to 1…and {EVERYTHING} Done Up UNTIL this POINT was to CREATE/HOUSE this REALITY…for GLOBAL TRADE/CITIZENS/ and INVESTORS…And EVEN w/CORRUPTION w/in The CBI/GOI and The CURRENT Technocrats Coming Into Play that EVEN Plays A (MAJOR) ROLE, but is {NOT} The ULTIMATE SOLUTION…But A Necessary ELEMENT for The RAISING of the IRAQI DINAR to A PARALLEL or COMPARATIVE Rate w the DOLLAR…IMO.   [post 2 of 2]
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Mountainman – Article:  “Iraqi dinar oil between the hammer and the anvil of political conflicts!”  Quote:  “…it is necessary to go seriously to revive the project to delete the zeros as a necessary step for the rehabilitation of the Iraqi dinar and the issuance of more valuable banknotes...”   WOW…What I See is Being said Here Is that…SHABIBI is Back and As The AUTHOR and FINISHER of His PROJECT to DELETE the 3 ZEROS and IMPLEMENT it NOW is Paramount for their Country in Spite of OIL PRICES…And In Order to (Maintain) ORDER/Confidence for ALL PARTIES/ Including the CITIZENS…It’s A BURDEN for their MERCHANTS…and CITIZENS to Use their LOCAL CURRENCY at it’s CURRENT VALUE…  [post 1 of 2…stay tuned]
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Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” w/Millionday in the DU CHAT ROOM – Wednesday evening 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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Shredd – Article quote:   “according to assurances from close sources meetings, the agreement will contribute not only in Iraq for concessional financing but will significantly help in obtaining financial support from the international community and facilitate entry into the international capital markets.”  this means the actual move to a market economy…this tells me that the plan is set…but they need to have admin and financial support for WHEN this takes place.   this article certainly supports the financial stability Iraq is looking to secure during this upcoming time of monetary policy change…Good evidence the plan to move to a market economy is still on track…it tips their hand that they are nearing change.
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Frank26 – THE SPEAKER OF THE HOUSE JABOURI HAS SUSPENDED PARLIAMENT.  THIS MEANS THAT ALL MINISTERS GOOD OR BAD ARE NO LONGER WITH IMMUNITY…THEY ARE WITHOUT A JOB.  THEREFORE ABADI CAN APPOINT HIS CABINET BY PROXY.  ABADI CAN GO AFTER THE BAD MINISTERS AT WILL. ABADI WILL PLACE  HIS GOVERNMENT VIA PROXY AND 5 LAWS THEN HE WILL HOLD ELECTIONS AND HAVE A CARETAKER GOVERNMENT AND NO ONE CAN STOP THIS NOR MESS WITH THIS.  BUT THE MOST POWERFUL THING THAT I HAVE TO SHARE WITH YOU RIGHT NOW IS A QUESTION:  WHY IS THE HEAD OF A DEPARTMENT LIKE THE UST …JACK LEW…SITTING FOR THREE DAYS IN A ROW WITH IRAQI OFFICIALS?
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Source: al-Jabouri infallible will be asked to dissolve Parliament and hold early elections

Baghdad – Parliamentary sources, Wednesday, the President of the House of Salim al-Jabouri to visit President Fouad Massoum, adding that al-Jabouri infallible will be asked to dissolve Parliament and hold early elections.

The source said in an interview for “sky”, “Parliament Speaker Salim Al-Juburi went to visit President Fouad Massoum”.

The source said on condition of anonymity, said al-Jabouri infallible will be asked to dissolve Parliament and hold early elections. ”

A parliamentary source said early Wednesday that the chaos occurred inside the House, cause upheavals to trap some of the deputies commissioned mp Mishan al-Jabouri request requires the removal of the three presidencies, said Salim Al-Juburi asked the President of President Fouad Massoum to attend Parliament.

Earlier, the source said Tuesday that the number of signatories to the sacking of the three presidencies reached 167 Vice “, adding a” this dismissal presidencies have reached normalcy.

Read More: http://www.dinarupdates.com/showthread.php?33615-Source-al-Jabouri-infallible-will-be-asked-to-dissolve-Parliament-and-hold-early-ele&p=150628#post150628
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Millionday – Article quote:  “Iraq holds intensive talks with the International Monetary Fund and the World Bank…It conducted an Iraqi government delegation in Washington DC, with officials of the International Monetary Fund and World Bank process of financial and economic reform in Iraq.”  THIS IS GOOD…WHOOOPOW.   Quote:  “Kurdish officials are in Washington to ensure that the autonomous Kurdistan Regional Government (KRG) receives its share of an estimated $15 billion worth of financial assistance that the International Monetary Fund (IMF) is expected to approve for Iraq.”  THEY ARE THERE TO ENSURE THAT THE…FUNDS ARE SHARED WITH KURDISTAN — THIS IS OBVIOUSLY LOOKING AS IF IRAQ IS MOVING FORWARD IN THE COMPETITIVENESS IN THE MARKET…
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BGG – I’m telling you folks…(not a prediction)…It will not surprise me if Abadi scraps this Parliament and has early elections. In the mean time – he can seat his Cabinet “by proxy” (I think)…and do the things he needs to – weeding out these corrupt ministers.  ( the above would NOT SURPRISE ME)  [Couldn’t that open door for Malaki to come back?]   It would actually open the door to direct prosecution against him.
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Iraqi Dinar/Dollar auction (most recent listing) 04-20-16

Currency Auctions Announcement No. 3183

This daily currency auction was held in the Central Bank of Iraq on the 04-20-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Kaperoni – Article: “Iraqi dinar oil between the hammer and the anvil of political conflicts!”   Quote:  “Following the appointment of a new leadership of the bank put the current governor and the agency on the Keywords project again pledged to implement it at the beginning of 2017…”  I do… like the reference to 2017 in the article.  There were several articles last year that talked about the issuance of 3 new lower denominations (50, 100, 200) early 2017 (which then we deducted the float would have to start prior to raising the dinar enough to warrant the new notes).  This time around with the IMF talking about the “Iraq will return to the market mid-2016” which we know would drive the value of the dinar up, and the articles about issuing 3 lower denominations early 2017, and todays notice that they want liberate Mosul by end of year, it seems everything is lining up to begin the float very soon (sometime from now to the end of the year) with a rate of .05 or so early 2017 which would demand the release of the first 3 smaller bills (50, 100, 200).  Interesting puzzle.   We can hope anyway.
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Islandg1211 – It’s the separate interests of three becoming one, protected by the US military, that will bring the next planned phase of peace and reconstruction.  The Sunnis, Kurds, and Shiite need to have their respective interests met in order to unite and become one GOI, one currency, and one military.  Uniting the three Presidencies and Abadi and getting the new Ministers voted in would finally unite the GOI so they can get the needed laws passed. The HCL and RV unites everyone: GOI, CBI, citizens of all regions, and international oil companies.
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Chest: elections, “early” may be the beginning of the end of quotas and corruption

Chest: elections, “early” may be the beginning of the end of quotas and corruption

Saw the cleric, Muqtada al-Sadr, on Wednesday, said that “early elections” may be the beginning of the end of quotas and corruption!!

Read More: http://www.dinarupdates.com/showthread.php?33619-Chest-elections-quot-early-quot-may-be-the-beginning-of-the-end-of-quotas-and-corruption&p=150632#post150632
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Mountainman – Well Other than HANGING A NEON SIGN…This is As INTENTIONAL by {ALL} Parties as it Gets...Welcome to ARTICLE 8 COMPLIANCE w/a STAND BY…and MORE to COME…It’s Unfolding… AWESOME…It’s {URGENT}!  (8) = New Beginnings Even Now…Unfolding… w/Long MEETINGS…
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Islandg1211 – After last week’s chaos in the GOI, the last few days were filled with meetings. Looking at concessions, money, military aid and future meetings, hopefully things are speeding up. Zebari’s meetings look to be successful with the IMF, World Bank, and it appears he will be bringing home the bacon with loans, bonds, and maybe even a better credit rating.  Shababi should be happy not to use any more of the CBI’s reserves to pay contractors and bills.  The Kurds got US money for their military, we’ll see what happens to Zebari. The war on ISIS in Mosul got more troops and helicopters.  It was great to see that article on the US military strongly supporting the three presidents and Abadi’s reforms.   IMO The GOI really needs to come out tomorrow [Tuesday] with unity and actually vote in Abadi’s technocrats and move on to voting in the basket of laws. IMO end of April is the IMF’s preferred time to RV.
______________________________________________________________

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
______________________________________________________________

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 – 04.19.2015

______________________________________________________________

I do believe that where there is a choice only between cowardice and violence, I would advise violence. – Mohandas Karamchand Gandhi

______________________________________________________________

*** Current News ***

______________________________________________________________

BGG – I’m telling you folks…(not a prediction)…It will not surprise me if Abadi s****s this Parliament and has early elections. In the mean time – he can seat his Cabinet “by proxy” (I think)…and do the things he needs to – weeding out these corrupt ministers.  ( the above would NOT SURPRISE ME)  [Couldn’t that open door for Malaki to come back?]   It would actually open the door to direct prosecution against him.
______________________________________________________________

Kaperoni – Article: “Iraqi dinar oil between the hammer and the anvil of political conflicts!”   Quote:  “Following the appointment of a new leadership of the bank put the current governor and the agency on the Keywords project again pledged to implement it at the beginning of 2017…”  I do… like the reference to 2017 in the article.  There were several articles last year that talked about the issuance of 3 new lower denominations (50, 100, 200) early 2017 (which then we deducted the float would have to start prior to raising the dinar enough to warrant the new notes).  This time around with the IMF talking about the “Iraq will return to the market mid-2016” which we know would drive the value of the dinar up, and the articles about issuing 3 lower denominations early 2017, and todays notice that they want liberate Mosul by end of year, it seems everything is lining up to begin the float very soon (sometime from now to the end of the year) with a rate of .05 or so early 2017 which would demand the release of the first 3 smaller bills (50, 100, 200).  Interesting puzzle.   We can hope anyway.
______________________________________________________________

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!!)

______________________________________________________________

Islandg1211 – It’s the separate interests of three becoming one, protected by the US military, that will bring the next planned phase of peace and reconstruction.  The Sunnis, Kurds, and Shiite need to have their respective interests met in order to unite and become one GOI, one currency, and one military.  Uniting the three Presidencies and Abadi and getting the new Ministers voted in would finally unite the GOI so they can get the needed laws passed. The HCL and RV unites everyone: GOI, CBI, citizens of all regions, and international oil companies.
______________________________________________________________

Mountainman – Well Other than HANGING A NEON SIGN…This is As INTENTIONAL by {ALL} Parties as it Gets...Welcome to ARTICLE 8 COMPLIANCE w/a STAND BY…and MORE to COME…It’s Unfolding… AWESOME…It’s {URGENT}!  (8) = New Beginnings Even Now…Unfolding… w/Long MEETINGS…
______________________________________________________________

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Islandg1211 – After last week’s chaos in the GOI, the last few days were filled with meetings. Looking at concessions, money, military aid and future meetings, hopefully things are speeding up. Zebari’s meetings look to be successful with the IMF, World Bank, and it appears he will be bringing home the bacon with loans, bonds, and maybe even a better credit rating.  Shababi should be happy not to use any more of the CBI’s reserves to pay contractors and bills.  The Kurds got US money for their military, we’ll see what happens to Zebari. The war on ISIS in Mosul got more troops and helicopters.  It was great to see that article on the US military strongly supporting the three presidents and Abadi’s reforms.   IMO The GOI really needs to come out tomorrow [Tuesday] with unity and actually vote in Abadi’s technocrats and move on to voting in the basket of laws. IMO end of April is the IMF’s preferred time to RV.
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firefly – Article quote:  “Baghdad, 26 March 2016…As-salaam ‘alaykum…Good afternoon.  Great pleasure for me to visit Iraq again, I am pleased to be back in Baghdad for my eighth visit as Secretary-General and I am very much impressed by all the progress you have been making, particularly against Daesh.”   I am very much impressed by all the progress you have been making…This is the UN talking folks, not some silly Iraqi article / blog.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” w/Millionday in the DU CHAT ROOM – Wednesday evening 7:30pm EST!!

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

Millionday – Article quote:  “Ali gesture came out investment forum Iraqi Canadian , which was held in the city of Toronto with several recommendations, most notably the willingness of Canadian companies to enter the Iraqi market and the implementation of various projects.”  WOW — CANADA…THIS IS HUGE IMO.  …THE MEETINGS THAT HAVE TAKEN PLACE AND ALSO THE MARKET AND INVESTMENT ATTRACTION IS GREAT…WHOOPOW.
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Shredd – [...it’s good to see the wheels are still turning on the efforts of the WB and IMF.]  Iraq must be compliant with having a true representation of value behind their currency. It’s not a matter of they can or should but they must be compliant. A falsely held down rate is not compliant nor is a “dual currency” model.  I am glad to see this continued pressure…clearly the deadline to their patience is near.  [do you think the value of the dinar will increase this yr?]  What will cause the value to increase is of course moving to a market-driven float which is a requirement in a market economy by definition.  When that move is made, I believe the value would certainly gain from where it is.  so, for timing…if this pressure by the WB and IMF works, then I certainly think we could see change…first, how soon will parliament respond…second, how long will it take to implement…and third, how will the value emerge and grow…so much yet to be seen…I’m encouraged. We’ll have to see how this plays out…   [post 2 of 2]
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Ministers of the Liberal bloc offer their resignations to Ebadi

Ministers of the Liberal bloc offer their resignations to Ebadi

Ministers announced the Liberal bloc, on Monday, submitting their resignations to Prime Minister Haider al-Abadi as of today, considering staying in the new government of quotas as a process, “the production of corruption and failure again.”

Read More: http://www.dinarupdates.com/showthread.php?33205-Ministers-of-the-Liberal-bloc-offer-their-resignations-to-Ebadi
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Shredd – I’ve been really interested in the IMF threatening pulling funding due to political lag…that was a huge part of their loan, to get to a market economy…the FC and planning need to make a move soon…The dinar will represent true value and the power to boost it to far above where it is has been in place from the beginning.  Politically, laws that have long been needing to be passed must be. Economically, the float needs to be engaged as part of moving to a “market economy”.   Planning, needs to plan the timing and process around keeping money supply at the necessary level…also, good to see that article…about the trip to Washington to discuss increasing the rating…if nothing else, this shows us the plan to bring international investment into Iraq is still a priority.   [post 1 of 2….stay tuned]
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rcookie – IMO…THE PARLIAMENT OBSTRUCTIONISM IS THE 11TH HOUR DESPERATION EFFORTS OF MALIKI… AND ARE DELAYING COMPLETION OF LAW BASKET INCLUDING FED COURTS…AMNESTY AND ACCOUNTABILITY & JUSTICE..WHICH I THINK WILL FLY THROUGH ONCE CABINET RESHUFFLE IS COMPLETED…THATS WHY THEY ARE OBSTRUCTING…
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Iraqi Dinar/Dollar auction (most recent listing) 04-19-16

Currency Auctions Announcement No. 3182

This daily currency auction was held in the Central Bank of Iraq on the 04-19-2016

The results were as follows:

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

firefly – Only thing that is important to me is that they are having INTENSIVE talks in Washington. Parliament and the COM can stand on their heads of all I care.  The only people that matter are the ones in Washington right now…They are meeting with the IMF and WB!   [so how close are we ya think?]   VERY!
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 wmawhite – [Can they have a change of currency even with what is happening now in their government?]   …YES…It is the CBI and the banks within Iraq that will begin the process of settling foreign remittances (bills) using the value of the IQD, instead of the current letters of credit that are in USD. Many of these countries are already trading with Iraq in USD. The change to IQD will be initiated by the CBI…not parliament.  Currently…the IMF, WB have been working hand in hand with the CBI and the banks within Iraq for the sole purpose of Iraq (its banking system) to enter the global economy market.  Once Iraq makes the move to IMF Article 8, then those banks outside of the region…those not familiar with Iraq…will be more likely to do business with them.  As to the value…that is debatable…and not so debatable in the opinion of some…but, back on September 27, 2011…Shabibi, Saleh and Abadi spoke about the value of the IQD being within reason of the region… compatible.
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 04/10 – @ 4:00pm CST

 Smart phone user link – Click here

______________________________________________________________

BGG – What is happening – HAS TO HAPPEN. They are dealing with systemic corruption.  [Can it delay the reform?]  That is the wrong perspective – it has to happen…forget delaying the reform…this IS THE REFORM…in essence – it is happening…
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wmawhite – The IMF…told the world that they expect Iraq to enter the world economy market during the 1st half of 2016. …the IMF made those statements back in November 2015 for a reason…and they followed up those statements with the Technical Letter of Intent, signed by the IMF, CBI and MoF.   Also, we have seen week after week of progress by the CBI even while the circus events were happening in parliament. This could happen within the next couple of weeks, or months. Either way though, it will happen.
______________________________________________________________

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
______________________________________________________________

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 – 04.14.2015

http://www.cbi.iq/

______________________________________________________________

Americans have the will to resist because you have weapons. If you don’t have a gun, freedom of speech has no power. – Yoshimi Ishikawa

______________________________________________________________

*** Current News ***

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tman23 – According to PM’s updated list, no candidates have been proposed for the positions of Ministries of Culture, Finance and Economy, and Immigration and Displacement. The Kurds may be authorized to nominate their own candidates for these positions… SO NOTE THAT KURDS IN WASHINGTON AND WHO THEY ARE HOLDING MEETINGS WITH….THEN NOTE THAT ABADI NEW LIST HAS HELD OPEN THE MINISTER SPOT FOR IMMIGRATION AND DISPLACEMENT…FINANCE AND ECONOMY…MINISTER OF CULTURE… TIE THAT TO WASHINGTON MEETING AND KNOW THAT ABADI AND KURDS ARE ON SAME PAGE AS WASHINGTON IS EDUCATING THEM RIGHT NOW MEETING WITH THE EXACT GROUPS THAT ARE EDUCATED IN THESE 3 MINISTER POSITIONS… IF YOU GET MY POINT.
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Islandg1211 – Indonesia is prepared to join Vietnam, Iraq and Iran as the newly RVd currencies to join not only the WTO, but also the IMF’s SDR basket to provide the needed value.  Oil prices are finding their needed settled price this month to provide the bases for the “New Math” both inside the books of the CBI, Iraq’s and the other ME countries’ budgets, but also for the SDR.  Trade deals and international business ventures with Iraq, Iran, Veitnam…are happening everyday.  Even Canada wants in on their share of a “loan” to Iraq.
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rcookie – GOV’T BANKING ACT AWAITING SECOND READING AMENDMENTS BEFORE VOTE…THEY HAVE BEEN WORKING ON TE RESTRUCTURE & PRIVATIZATION SINCE 2008…SO TO PUT INTO PERSPECTIVE…THE CULMINATION OF THE RESTRUCTURE AND PRIVATIZING OF THESE BANKS HAS BEEN A 7-8 YEAR ARDUOUS PROJECT…NOT FLIPPING A SWITCH…BAM THEIR PRIVATE…THEY HAVE TO HAVE THE PRIVATE AND ISLAMIC BANKS ENGAGED TO DRIVE THE PRIVATE SECTOR BUSINESS….
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 04/10 – @ 4:00pm CST

 Smart phone user link – Click here

______________________________________________________________

wmawhite – PM Abadi along with the help of the regional powers plus the US and the UK, is changing the culture of corruption and greed within the government and the financial institutions. The end for those “whales’ is quickly approaching.  Under Maliki we would have never of seen 140 plus members of parliament stage a sit-in inside the parliament building, not asking, but instead demanding a change in the government…which by the way, is in SUPPORT of the prime minister.
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Millionday – Article quote:  “The seminar which was led by Vice Chairman of the Association management tempted dealt How important legislation government Banking Act at this time go through the restructuring of State – owned banks, particularly the countries of regional and international…”  THE SEMINAR IS ALL ABOUT MOVING MONEY AND MANAGE THE PROCESS ACCORDING TO BANKING POLICY…THIS IS ALL TO MOVE TO COMPLIANCE AND ACCORDING TO INTERNATIONAL LAW.  THIS IS THE PREPARATION FOR THE BANKING LAWS TO FIT THE REFORMS — LAWS MUST ALL FIT IN THE TRANSITION — THIS IS THE PROGRESS NEEDED FOR THE MARKET ECONOMY…THE ECONOMIC REALITY OF IRAQ…THIS ROCKS.
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Backdoc – …AS WE SEE PIECES IN IRAQ FALL INTO PLACE I AM REMEMBERING STUDIES FROM A FEW YEARS AGO. THE IMF HAS THE RIGHT TO OVERRIDE A COUNTRY IF THEY FEEL IT NECESSARY TO DO SO. THE IMF IS ULTIMATELY IN CONTROL.  ARE THINGS DONE IN IRAQ?  WELL, WE KNOW THAT SOMETHING HISTORICAL WAS DONE THE SATURDAY BEFORE LAST! FINAL DETAILS ON A CABINET SEEM TO STILL BE IN QUESTION AND POSSIBLY 6 LAWS!  SINCE THE PROGRESS SEEMS TO BE RAMPING UP TO WARP SPEED NOW, SCOTTY WILL HAVE TO BRING US OUT OF WARP SPEED TO LET DR. S’…TRIGGER MAN PUSH THE BUTTON…
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Millionday – Article quote:  “The government is seeking through its document reform to promote the economy by granting loans to productive sectors to rotate the wheel of development in the country.”
THE START OF THE FIRST STEPS TO BRING IRAQ TO ITS ECONOMIC REALITY — LOANS ARE EXPECTED TO ENSURE SUCCESS IN THE STRATEGIES…THE LOANS TO REBUILD INDUSTRY WILL BE PART OF THE PROMOTION OF BANK USE…WORKING TOGETHER TO GET MORE “MADE IN IRAQ” IS A GREAT STRATEGY.  Quote:  “…the government first began its steps in order to activate the economic reality in Iraq.”  BRINGING THE IRAQI ECONOMY TO REALITY IS EXPECTED TO USE MANY SECTORS AND MARKETS (SALES).
…WHOOOPOW
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Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” w/Millionday in the DU CHAT ROOM – Monday evening 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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rcookie – […In your opinion, does Abadi have enough support to prevail?]  I BELIEVE HE DOES…BUT STATIC… DESPERATE ENVIRONMENT RIGHT NOW…
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BGG – Article quote:  “A spokesman for al-Jubouri: The best solution now is to solve the Iraqi parliament and call for early elections…”   there was some contingent (hard to say how big or small… )… in Parliament threatening an action to remove all three presidencies… (obviously the crooks trying to save their own skin)…and the three Presidencies – Fuad, Abadi and Jubouri – are meeting now talking over all options – to include dissolving Parliament and having early elections. This would likely be VERY bad for the crook contention as public view of them is very bad right now.
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Ministers of the Liberal bloc offer their resignations to Ebadi

Ministers of the Liberal bloc offer their resignations to Ebadi

Ministers announced the Liberal bloc, on Monday, submitting their resignations to Prime Minister Haider al-Abadi as of today, considering staying in the new government of quotas as a process, “the production of corruption and failure again.”

Read More: http://www.dinarupdates.com/showthread.php?33205-Ministers-of-the-Liberal-bloc-offer-their-resignations-to-Ebadi
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Mnt Goat – Even they do not know of a solid committed timeframe. Iraq is constantly planning ahead and targeting however they can not meet these targets without the help from all involved. There are still many politicians who do not want progress in Iraq, as they see progress as too great of a change and they like their snug limited world of corruption as it stands today…you can see the enormous progress and the obstacles preventing the final conclusion to the mandated tasks at hand for Iraq...these are mandated tasks that must happen since the RV is a by-product and not really the main event. You have read the necessity to go international and why it is inevitable.
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Kaperoni – Maliki has done everything he can in the last few weeks to disrupt Abadi’s reforms.

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Iraqi Dinar/Dollar auction (most recent listing) 04-14-16

Currency Auctions Announcement No. 3179

This daily currency auction was held in the Central Bank of Iraq on the 04-14-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite – What is happening in Iraq is not measured as a yes or no, or a on or off event. The issues concerning the GOI are changes for the future…changes that will ensure success years into the future. Iraq entering the global market place is happening now…right now in front of your eyes. And while it is happening they are also telling you it is happening…
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Kaperoni – Article:  “Government withdraws $ 10 billion from the reserves of the Central Bank and the experts upheld as an economic catastrophe”   If true, it also violates the CBI law and will effect foreign investment. Keeping the CBI independent is critical for foreign investment to come to Iraq. All we can do is watch this and see what comes of it.
______________________________________________________________

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!!)

______________________________________________________________

Poppy3 – CAN’T BELIEVE HOW MANY PEOPLE BELIEVE THE NEWS MEDIA THAT OIL PRICE IS CONTROLLING THIS?  IT IS ONLY ONE SMALL FACTOR. I SUGGEST PEEPS BACK UP AND VIEW IRAQS ECONOMY FROM AFAR…SEE THE WHOLE EFFECT OF THE RATE OF DINAR ON THE WORLD?
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tman23 – Article quote:  “…the Iraqi parliament session, which was attended by Prime Minister Haider al-Abadi chaos and altercations after the President of the Council’s decision to postpone the vote on the new government formation to Thursday.”  No maybe on the vote… There was not going to be a vote today [Tuesday]…They said as much for a few days now…They also said Abadi would provide a new list…which he has…they also said he would set the date today for all ministers resignations… He also left 3 positions un-named which will go to the Kurds who will submit the names for the positions… News has reported Kurd delegation who met with Kerry now in Washington…and Biden has been working the phone between Abadi and Barzani…
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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
______________________________________________________________

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 – 04.11.2015

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Our liberty depends on the freedom of the press, and that cannot be limited without being lost. – Thomas Jefferson

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*** Current News ***

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Mnt Goat – 1.  The current economic crisis makes it almost imperative to take action now. 2. More auditing practices are now in place in the Abadi government making it clearly more difficult to hide corruption. Most of it is now being exposed even going back to the past Maliki admin.  3. Iraq is now in a better political position where reforms are able address the corruption.   4. Grantors of foreign loans, to help Iraq through its financial crisis, would be more resistant to giving loans without the reforms on corruption since where would their loans go?  5. Investors coming to Iraq need a SAFE political and financial environment to conduct business. We all know an international dinar is coming soon.  [post 2 of 2]
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Mnt Goat – I keep getting asked why is there this all out effort by Iraq and the international community to rid Iraq of corruption? Why now? Like I said it is not all about the RV of the dinar. The RV is by-product of all the efforts to stop corruption, bring more security to Iraq, fix the financial and banking systems, the necessity to go international, join the WTO etc… We only think it is all about this investment because we are investors and stand to make a huge gain when they do RV. The answer then to this question as I can conclude is many faceted:  [post 1 of 2….stay tuned]
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wmawhite – the information that we continue to post day after day from such entities as the IMF, WB the CBI…none of those folks state that they are speculating. Instead, these entities are very to the point as to what they are intending to achieve.
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 04/10 – @ 4:00pm CST

 Smart phone user link – Click here

______________________________________________________________

Islandg1211 – We are watching Vietnam, Iran, and Iraq all go through the same steps outlined by the IMF…Inflation lowered, debt restructured, 2% compliment, privatize banks, new currency with security features, single national currency usage, ready to RV.  Will the reforms be delayed?   …time is up for all the corrupt politicians and terrorists in Iraq that would try to delay the reforms.  The monetary reform is a planned and wanted change by the PTB and the IMF. The IMF prefers April to RV countries.  Yes, this is My opinion…the monetary reform globally isn’t going to be delayed in Iraq or elsewhere any longer.
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rcookie – SOOOOOO MUCH BOND ACTIVITY GOING ON…THE APRIL AUCTION OFFER ON 20TH WHICH IS THE 3RD OF 11 OFFERINGS…THE PENDING $2 BILLION EUROBOND LAUNCH IN JUNE…AND THE ANNOUNCEMENT OF BONDS BEING OFFERED THROUGH THE ISX!!!…BOULYAAAAAAH!!!  ALL OF THE BOND ACTIVITY IS EXTREMELY EXCITING AND IMPORTANT BECAUSE IT IS AGAIN…EXECUTION OF BUDGET ACTIONS…AND THE BOND MARKETS AND INSTRUMENTS ARE AN IMPORTANT PART OF A NASCENT MARKET THAT IS IN ITS INFANCY STAGE…WITH HOPES OF ECONOMIC GROWTH…   [post 2 of 2]
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rcookie – Article quote:   ” a cell of the financial crisis, headed by the prime minister and approved the proposal of the central bank to issue government bonds for the payment of contractors and suppliers of state institutions.”   THESE BONDS WILL BE AVAILABLE TO CITIZENS AT NEWLY RESTRUCTURED BANKS THAT NOW OFFER 1 STOP SHOPPING BANKING SERVICES…GENERAL BANKING…LOANS… STOCKS…BONDS…AND CURRENCY AUCTION WINDOWS…OPENING THROUGHOUT IRAQ…  [post 1 of 2….stay tuned]
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Mnt Goat – So the big questions we all want to know is – Can they vote on the new cabinet in time to avoid another mass demonstration…Or will they delay the process longer and we will have to wait longer for them to get the GOI fully formed?   Article quote:   “the chairman of the parliament confirmed that it would call for an emergency session Saturday or Sunday if completed the political blocs and the elves charged with studying the biographies of the candidates for the purpose of voting on the cabin ministerial “.   So it seems they still fully intend to meet the Monday 4/11 (the 10 day period) deadline to ratify the new ministers.
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BGG – Article:  “A political source: political blocs Abadi handed the names of candidates for ministerial positions” Quote:  “Received Prime Minister Haider al – Abadi, on Saturday, the political blocs nominations for ministerial positions on the basis of variety ‘technocrats‘.”   Abadi has made his choices for GOI posts public today…these “poltical thugs” haven’t given up on “the old way” just yet…in spite of Kerry, the WB, the IMF, the UN – and everyone else you can think of being there in support of real reform. Abadi has MAJOR support…Abadi has the right to do what he’s doing… not only that – he has the broad based world support too!!

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” w/Millionday in the DU CHAT ROOM – Monday evening 7:30pm EST!!

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

rcookie – “Forming a government that satisfies all parties will lead to political stability and the effects wear off one high exchange rate…subject to change the value of the dinar is linked to the financial situation , which will be determined by the price of oil in the next two months…” STABILITY = CONFIDENCE = HIGH EXCHANGE RATE SUBJECT TO CHANGE VALUE OF DINAR.
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BGG – “Forming a government that satisfies all parties will lead to political stability and the effects wear off one high exchange rate…subject to change the value of the dinar is linked to the financial situation , which will be determined by the price of oil in the next two months…”  Big news out this AM…sounds like Iraqi insiders are alluding to something happening with the value of the Dinar within the next two months…   
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Ministers of the Liberal bloc offer their resignations to Ebadi

Ministers of the Liberal bloc offer their resignations to Ebadi

Ministers announced the Liberal bloc, on Monday, submitting their resignations to Prime Minister Haider al-Abadi as of today, considering staying in the new government of quotas as a process, “the production of corruption and failure again.”

Read More: http://www.dinarupdates.com/showthread.php?33205-Ministers-of-the-Liberal-bloc-offer-their-resignations-to-Ebadi
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rcookie – Article quote:  “general amnesty law and the law of accountability and justice will be voted on them in the parliament , ” adding that “this vote will come within the parliamentary reforms.” FEDERAL COURT….AMNESTY…DEBAAATH LAW ALL IN 1 BASKET RESOLVES IN PARLIAMENT REFORM PACKAGE…BOULYAAAAAAAH!!!
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wmawhite – The GOI reshuffle is for two purposes…one…putting experts in the ministries in order to rebuild Iraq and two, changing the culture of greed…of stealing from the government just because you were entitled to the position.
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Currency Auctions Announcement No. 3176

This daily currency auction was held in the Central Bank of Iraq on the 04-11-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Poppy3 – you will see A NEW RATE IN JULY…REMEMBER THEY SAID THE FIRST HALF OF 2016 AND WHERE… MYSELF INCLUDED…HAVE BEEN PLANNING ON THE FIRST OF JUNE THEY HAVE BEEN TARGETING JULY OR THE LAST WEEK OF THE FIRST HALF. NOW RUMOR HAS IT THEY ARE MAKING MANY PLANS FOR SEVERAL CHANGES AT ONE TIME THE FIRST WEEK OF JULY.   NOW BEFORE WE QUESTION THIS POST…ANSWER ONE QUESTION…HAVE THEY EVER ONCE DONE ANYTHING ON TIME?   NEVER HAVE THEY EVER FINISHED ANYTHING ACCORDING TO IMF, UN, WORLD BANK… NEVER…THEY HAVE NEVER IN 12 YEARS MET ANY OF THEIR…DEADLINES ON TIME. I BELIEVE WE…RELAX TILL THE END OF JUNE…THEN GET EXCITED OF POSSIBILITIES IN THAT TIME PERIOD.
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wmawhite – …no where is there a statement from the CBI concerning the international value/rate of the IQD being determined by the price of oil over the next to [two?] months… nowhere…whenever the CBI, GOI Parliament Finance speak about the price of the IQD…they are speaking about the street price. The IQD, as of today, does not have an exchange rate, an international exchange rate. Instead, it has an artificially imposed buy/sell value.  Here is why they speak about the price of oil affecting the price of the IQD:  …the GOI sells the oil. They receive payment from around the world in USD. The GOI then takes the USD and sells it to the CBI for IQD. The CBI turns around and sells the USD to the banks for…guess what? IQD. This is what that statement is referring to.  What we are looking for…is different…and they will not be advertising the details in advance.
______________________________________________________________

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!!)

______________________________________________________________

Mnt Goat – As we know they only had 10 days to conclude this technocratic govt – tic toc only days away.  …these reforms should be of no surprise to anyone. Abadi it not doing them to be a nice guy. He is doing them because the UN and the USA wants a “fully seated” and “fully functional” government (as well as other mandates) prior to any RV…Folks its not all about the RV. The RV is a by-product of the process and the process is fulfilling the necessary mandates…the CBI is going to come right out and communicate it to us in the news media when the time is ready to move to article 8 (thus begin the RV process).
______________________________________________________________

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
______________________________________________________________

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 – 04.10.2015

http://www.cbi.iq/

______________________________________________________________

There is no such thing as a good tax. – Winston Churchill

______________________________________________________________

*** Current News ***

______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 04/10 – @ 4:00pm CST

 Smart phone user link – Click here

______________________________________________________________

rcookie – “Forming a government that satisfies all parties will lead to political stability and the effects wear off one high exchange rate…subject to change the value of the dinar is linked to the financial situation , which will be determined by the price of oil in the next two months…” STABILITY = CONFIDENCE = HIGH EXCHANGE RATE SUBJECT TO CHANGE VALUE OF DINAR.
______________________________________________________________

BGG – “Forming a government that satisfies all parties will lead to political stability and the effects wear off one high exchange rate…subject to change the value of the dinar is linked to the financial situation , which will be determined by the price of oil in the next two months…”  Big news out this AM…sounds like Iraqi insiders are alluding to something happening with the value of the Dinar within the next two months…   
______________________________________________________________

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rcookie – Article quote:  “general amnesty law and the law of accountability and justice will be voted on them in the parliament , ” adding that “this vote will come within the parliamentary reforms.” FEDERAL COURT….AMNESTY…DEBAAATH LAW ALL IN 1 BASKET RESOLVES IN PARLIAMENT REFORM PACKAGE…BOULYAAAAAAAH!!!
______________________________________________________________

wmawhite – The GOI reshuffle is for two purposes…one…putting experts in the ministries in order to rebuild Iraq and two, changing the culture of greed…of stealing from the government just because you were entitled to the position.
______________________________________________________________

Poppy3 – you will see A NEW RATE IN JULY…REMEMBER THEY SAID THE FIRST HALF OF 2016 AND WHERE… MYSELF INCLUDED…HAVE BEEN PLANNING ON THE FIRST OF JUNE THEY HAVE BEEN TARGETING JULY OR THE LAST WEEK OF THE FIRST HALF. NOW RUMOR HAS IT THEY ARE MAKING MANY PLANS FOR SEVERAL CHANGES AT ONE TIME THE FIRST WEEK OF JULY.   NOW BEFORE WE QUESTION THIS POST…ANSWER ONE QUESTION…HAVE THEY EVER ONCE DONE ANYTHING ON TIME?   NEVER HAVE THEY EVER FINISHED ANYTHING ACCORDING TO IMF, UN, WORLD BANK… NEVER…THEY HAVE NEVER IN 12 YEARS MET ANY OF THEIR…DEADLINES ON TIME. I BELIEVE WE…RELAX TILL THE END OF JUNE…THEN GET EXCITED OF POSSIBILITIES IN THAT TIME PERIOD. 
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t Miss  “NEWS TIME” w/Millionday in the DU CHAT ROOM – Monday evening 7:30pm EST!!

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

wmawhite – …no where is there a statement from the CBI concerning the international value/rate of the IQD being determined by the price of oil over the next to [two?] months… nowhere…whenever the CBI, GOI Parliament Finance speak about the price of the IQD…they are speaking about the street price. The IQD, as of today, does not have an exchange rate, an international exchange rate. Instead, it has an artificially imposed buy/sell value.  Here is why they speak about the price of oil affecting the price of the IQD:  …the GOI sells the oil. They receive payment from around the world in USD. The GOI then takes the USD and sells it to the CBI for IQD. The CBI turns around and sells the USD to the banks for…guess what? IQD. This is what that statement is referring to.  What we are looking for…is different…and they will not be advertising the details in advance.
______________________________________________________________

Mnt Goat – As we know they only had 10 days to conclude this technocratic govt – tic toc only days away.  …these reforms should be of no surprise to anyone. Abadi it not doing them to be a nice guy. He is doing them because the UN and the USA wants a “fully seated” and “fully functional” government (as well as other mandates) prior to any RV…Folks its not all about the RV. The RV is a by-product of the process and the process is fulfilling the necessary mandates…the CBI is going to come right out and communicate it to us in the news media when the time is ready to move to article 8 (thus begin the RV process).
______________________________________________________________

Sistani and Iran and America agree: Abadi remain in power and appoints new ministers

BAGHDAD / Hassan Shammari: Sajjad stressed horses analyst provides advice to the Prime Minister Haider al-Abadi, on Wednesday, the US and Iranian religious cleric Ali al-Sistani had them all have the same opinion, “Abadi remain in power and appoints new ministers.”+

According to a report for “Middle East Online” and seen by “Sky Press”, citing political sources said that “the two rivals break-ins, WA, and Tehran had put pressure on their allies in Iraq not to seek to remove Abadi at a time when trying to form a government of technocrats,” adding that ” US and Iranian efforts helped to bury the attempt last week to keep down Abadi carried out by al-Maliki, Secretary-General of the Dawa party, which controls about one-third of the seats in parliament. “…

Read More: http://www.DinarUpdates.com/blog
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wmawhite – …the world has already been told numerous times by numerous entities that Iraq is in the process of entering the economy market…not by me but, instead by the CBI, GOI, Parliament, IMF, WB. etc. …IMO we are at the point in this investment that we are trying to understand how this will manifest itself. As one of your researchers has stated before, this is not an on/off switch investment.
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Tlar – Article quote:  “The Prime Minister Haider al-Abadi, ladder, on Thursday (31st March 2016), the new government formation to the President of the House of Representatives, Saleem al-Jubouri, a closed envelope, while the parliament voted to give confidence to the candidates within ten days.”   It looks as though next week will be the turning point for Iraq as the technocrats should be voted in.  
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Iraqi Dinar/Dollar auction (most recent listing) 04-10-16

Currency Auctions Announcement No. 3175

This daily currency auction was held in the Central Bank of Iraq on the 04-10-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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Mike – It’s just an opinion, but in its current status, the dinars worth 1275-$1. However, if they move to Aticle VIII and move to an open market economy, the dinars value should be significantly higher.
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wmawhite – …why is there this all out effort by Iraqis and the international community to rid their country of corruption? Why now?   the answer:   ….as another investor told me who happens to be a banker…because it is time…there is no other reason why…because it is time to do it.  And you can see evidence of this from the CBI, GOI, Parliament, the IMF and WB.
______________________________________________________________

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!!)

______________________________________________________________

Poppy3 – [...US Secretary of State John Kerry met at the US embassy building in Baghdad delegation of the Kurdistan region, headed by the Prime Minster Nechirvan Barzani and the new Kerry during the meeting support for the province of Peshmerga forces…]   Kerry…FOR WHAT HIS WORDS ARE WORTH…HE PRAISED IRAQ’S PROGRESS IN MANY AREAS AND TOLD THE PEOPLE OF IRAQ TO BE PROUD AS THEY ARE ABOUT TO RE-ENTER THE GLOBAL ECONOMY. HE HAS TONS OF DIGNATARIES WITH HIM FROM OTHER COUNTRIES.  RUMOR SAYS THEY HAVE PROMISED THE PROTESTORS AND ARE HANDING THEM A 50 DINAR BILL TO GET THEM TO STOP THE PROTEST FURTHER. MOST WHERE ACCEPTING IT AND LEAVING . TIME WILL TELL ARE THEY READY OR NOT.
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Millionday – [did iran change value today? i had seen a report of its value against iraq and the dollar.]  THEY HAVE A PLANNED PARTY ON THE IRAN AND IRAQI BORDER WITHOUT VISA RESTRICTIONS TO CELEBRATE TRADE.   IMO — THE MANY THINGS GOING ON ARE AMAZING DUE TO THE TIMELINE…
______________________________________________________________

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
______________________________________________________________

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 – 04.08.2015

______________________________________________________________

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

______________________________________________________________

*** Current News ***

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firefly – “Design and implement an Integrated Financial Management Information System (IFMIS) with the assistance of the World Bank; as a first step, adopt, by end-April 2016, a road map detailing its core functional requirements…”   …adopt, by end-April 2016…IMF’s words, not mine.  I’m not giving dates/deadlines…IMF and Iraq is!  A country has to send the IMF a letter of intent prior for approval…Which then goes to the BIS for the seal of approval…The BIS then informs the IMF.   IMF stated that Iraq WILL join the global economy during the 1st half of 2016.  Actual wording was…The global market…Sounds good to me.
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Millionday – Article quote:  “(Declaration ) of the Central Bank of Iraq will launch national bonds ( nominal ) in Iraqi dinars ( on behalf of the Ministry of Finance) in nominal terms on 2016 / 3 / 15 and ending in 2016 / 4 /14 Bosaddarah of five categories”   IN MY OPINION — IT WOULD BE ECONOMIC SUICIDE FOR A BOND TO BE ISSUED AND THE SECURITY MARKET TO RAISE IN VALUE A LOT.   [is it possible to see a rise in the value of the dinar during the life of these bonds?]  IT IS POSSIBLE TO SEE A RISE IN VALUE AT ANYTIME IMO.
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Mnt Goat – …there has NOT been a reinstatement or a revaluation occurred as of yet. The lower denominations still sit at the state banks and in the USA embassy awaiting instructions but have not yet been launched. We still also wait for news of the CBI and its new technocratic leadership. I feel this may come at or around the same time as the cabinet reshuffle of Abadi next week.  I am optimistic that Iraq is still moving in the direction of their target of mid March to mid April for a window of opportunity to begin the deletion of the zeros project once again. We know the RV would soon follow afterwards. I am hearing nothing but good news from Iraq.   [post 2 of 2]
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Mnt Goat – Last weekend I checked in with my CBI contact in Iraq and I brought you good news from these folks…  So we all have the basic plan and outline of what is about to happen next week. We all should know the pieces to this recent puzzle we are trying to see. There is not much we can do now but pray…this plan all comes together very soon and on time.  …the CBI will guide us along the way to any significant value change in the currency and when it does happen you WILL know about it and it will NOT be secret.  [post 1 of 2….stay tuned]
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Millionday – Article:  “The US-MENA PSD (in accordance with the IMF- World Bank Spring meetings) New York – USA /NYFED 18 of April…Union of Arab Banks US-MENA Banking Dialogue Conference Hosted by the Federal Reserve Bank of New York, April 18th 2016”   WE HAD A REPORT THAT THE IMF IS URGING ALL EMERGING ECONOMIES TO GET REFORMS COMPLETE BY APRIL 14TH-15TH BEFORE THE WASHINGTON MEETING — (HOWEVER THERE ARE MORE THAN ONE WASHINGTON MEETING)… WHOOOPOW.
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Kaperoni – Article:  “Hatim George Hatim *: the stability of the Iraqi dinar against the dollar: Is it really necessary development”   …the CBI needs to have stability of the dinar which includes the spread.  This not only builds confidence in the citizens to use the dinar, the banking system, but meets the IMF conditions set forth to advance the banking system in Article VIII.  Shabibi did such an amazing job holding compliance for 11 straight months within 2% considering the conditions.  As this article talks about “stabilizing domestic prices” which is exactly the concept of maintaining 2% or less spread.   So we wait while they learn all over again.
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Washington and Tehran Rescue Abadi of the coup orchestrated by al-Maliki

BAGHDAD – entered the United States and Iran in a tacit alliance to support the Prime Minister of Iraq, which is challenging the ruling elite’s plans to form a government of non-political address the corruption comes to the rest of the economic and political stability in the country, a member of the Organization of the Petroleum Exporting Countries (OPEC)…

Read More: http://www.DinarUpdates.com/blog
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firefly – The IMF stated Iraq will enter the global markets by the 1st half of 2016!  And the loans begin in june?  I don’t do dates but I’m VERY excited by FACTS!
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Stryker – Article 78 of the Iraqi Constitution gives Prime Minister Abadi the right to replace any of his ministers with whomever he wants without any political bloc’s interference, as long as he has the consent of the Council of Representatives.
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Bruce – …THE FEELING WAS VERY STRONG FOR THIS TO GO THROUGH TUESDAY NIGHT. WE ARE READY ON ALOT OF PERSPECTIVES, BUT IT LOOKS LIKE A FEW THINGS STILL NEED LOOKING INTO… PROBABLY SECURITY ISSUES. WHEN THIS THING IS DESIGNED TO GO, IT WILL STAY IN PLACE. AND NOT BE INTERRUPTED…WHEN WE LEAST EXPECT IT, IT WILL SURFACE.  IT IS COMING… I KNOW IT IS ON IT’S WAY.  LET’S JUST LET IT HAPPEN, WHEN IT HAPPENS.
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A political source: Macgork put three conditions for the political blocs in Iraq to pass ministerial cabinet

A political source – Macgork put three conditions for the political blocs in Iraq to pass ministerial cabinDetection and a source close to the side of the discussions under way to form a government of technocrats for the presence of US pressure to pass the ministerial cabin provided by Abadi of the parliament.

The source confirmed that the representative of the US president special envoy to Iraq Bert Macgork three conditions put in front of the political blocs to pass ministerial cabin was the first of retaining Abadi, head of the government and the second is the US withdrawal of support from fighter Daash in the case was dismissed Abadi The final condition represents not exceeded Abadi political technocrats whose candidacy political blocs, which means that the Americans have put two conditions for the benefit of Abadi hurt in the last requirement in the interest of the political blocs…

Read More: http://www.dinarupdates.com/showthread.php?33013-Macgork-put-three-conditions-for-the-political-blocs-in-Iraq-to-pass-cabinet
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Kaperoni – …Iraqi is not a country of rules, in fact far from it.  And it is those lack of rules that is holding up investors.  Despite [those] who say Shabibi is still there, or in charge etc. …He is not.  He has been gone for a few years and retired.  He may comment, he may come to economic events in other countries, but he is not part of the CBI.  He is like 74 years old now…I doubt he…wants to participate in the mess in Iraq…especially as long as Maliki still hangs his hat there.  Just to be clear, until parliament or Abadi changes it, Ali al-Allaq is the CBI Governor…
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firefly – Article:  “Iraq to set oil price at $32 in 2016 budget”   Quote:  “Iraq plans to lower the oil price forecast in its 2016 budget to about $32 a barrel from $45, widening its fiscal deficit by several billion dollars, the International Monetary Fund (IMF) and a senior government official told Reuters.”  The revised budget, which has not been finalized, is part of Iraq’s negotiations for a standby agreement (SBA) with the IMF, the official added.  The SBA financing could be approved as early as June.   Interesting timing according to the IMF statement of Iraq joining the Global Markets by the 1st half of 2016!
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Sistani and Iran and America agree: Abadi remain in power and appoints new ministers

BAGHDAD / Hassan Shammari: Sajjad stressed horses analyst provides advice to the Prime Minister Haider al-Abadi, on Wednesday, the US and Iranian religious cleric Ali al-Sistani had them all have the same opinion, “Abadi remain in power and appoints new ministers.”+

According to a report for “Middle East Online” and seen by “Sky Press”, citing political sources said that “the two rivals break-ins, WA, and Tehran had put pressure on their allies in Iraq not to seek to remove Abadi at a time when trying to form a government of technocrats,” adding that ” US and Iranian efforts helped to bury the attempt last week to keep down Abadi carried out by al-Maliki, Secretary-General of the Dawa party, which controls about one-third of the seats in parliament. “…

Read More: http://www.DinarUpdates.com/blog
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Mountainman – The HISTORY of De La RUE…And Their {PRINTING DEALS}…Around the (TIME FRAME) of Executive Order #13303…W/Iraq’s DINAR being Printed Shortly thereafter!!!…ALL is ALWAYS {PLANNED} in Advance Prior to it’s Implementation…{THINGS}…Have “BEEN” …Shall We say, In the WORKS…and WHAT a DEAL they Made…Hmmm.
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Frank26 – I also want you to know that our technocrats are there…and we’ve been there for a while…our technocrats from DC are in Iraq…these guys are making sure that Abadi gets his reforms done….they are not going to allow Abadi to fail…He’s got everything that he needs…and there is tons of news coming out trying to tell you that…he got every reform he wanted…one of the reforms is the Monetary Reform…it is our strongest opinion that Dr. Shabibi will be returning to the helm of the CBI...taking hold of that wheel and with his other hand pointing to the Iraqi people and the international world saying…look we laid the ground work for the RI with the IMF for…many years…our RI is complete…and the RV is about to kick in…  [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 04-07-16

Currency Auctions Announcement No. 3174

This daily currency auction was held in the Central Bank of Iraq on the 04-07-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Frank26 – Abadi how long have you been telling us about the technocrats and your Cabinet…done…long time ago…ancient history…so what is going…let’s just say they are putting all these pieces together so they can officially come out with a GOI parliamentary structure that says…here we are…along with the Cabinet that represents the leadership of this government…Abadi the Prime Minister…change the direction of the Cabinet…change the direction of Parliament… mission accomplished sir…our TEAMS are focused on one thing…that is the three parts that create the structure of the Monetary Reform of the Iraqi dinar.  I am very seriously looking for it this week…very seriously looking for it in the middle of this month…IMO…  [post 1 of 2….stay tuned]
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Mnt Goat – Article quote:  “The Parliament Speaker Salim al-Jubouri called, in the (April 2, 2016), the parliamentary blocs to take its role in the study of names provided by the Prime Minister Haider al-Abadi to fill ministerial posts in the new government…”   …we now see some progress as the ball is in the court of parliament to review and ratify the candidates presented to them last Thursday by Abadi. Sadr has stated they have a deadline of 10 days to review them. This puts us to 4/10, next Monday for completion of this mandate.  Having said that I fully and strongly believe the next move by Sadr after the cabinet reshuffle in done will be to go after all those politicians who have corruption files on them that are now frozen (confined) in the green zone. Nori al-Maliki and his goons being on the top of his list. This seems the only way these criminals can be brought to justice in the current political situation. Iraq does not have years to play around with all the reforms they need to make. The IMF, WTO and World Bank wants to move this country forward and do it now.
______________________________________________________________

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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mike – […realizing that oil prices have dropped and that is hurting the oil-producers economies, does anyone want to take a stab at what the dinar should be worth today versus the dollar?  Even with it pegged versus a basket of currencies?]  That’s a tough question… We all know that in order for a currency to have real value you need stability, security and a half way decent economy.   Iraq doesn’t have very much of either right now. The next step would be to compare rates for those in the region and other oil producing countries, who’s currencies have lost value because of the price of oil. At this point, I couldn’t even guess what a “correction” to the dinar might be.  [What we do know is a correction to the dinar sure ain’t 1182.]  Agreed…
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Stryker – The IMF Staff continues their monitoring of progress under their Memorandum of Understanding and has stated that the government is doing its part on financial and economic reforms. Three out of the five items were achieved by the end of 2015 with other outlined reform measures will underway.
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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
______________________________________________________________

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 – 04.07.2015

______________________________________________________________

Everyone has a right to speak; no one has a right to be listened to. – Will Spencer

______________________________________________________________

*** Current News ***

______________________________________________________________

mike – […realizing that oil prices have dropped and that is hurting the oil-producers economies, does anyone want to take a stab at what the dinar should be worth today versus the dollar?  Even with it pegged versus a basket of currencies?]  That’s a tough question… We all know that in order for a currency to have real value you need stability, security and a half way decent economy.   Iraq doesn’t have very much of either right now. The next step would be to compare rates for those in the region and other oil producing countries, who’s currencies have lost value because of the price of oil. At this point, I couldn’t even guess what a “correction” to the dinar might be.  [What we do know is a correction to the dinar sure ain’t 1182.]  Agreed…
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Stryker – The IMF Staff continues their monitoring of progress under their Memorandum of Understanding and has stated that the government is doing its part on financial and economic reforms. Three out of the five items were achieved by the end of 2015 with other outlined reform measures will underway.
______________________________________________________________

Dinar Updates ‏@DinarUpdates 7m7 minutes ago

Dinar Updates Retweeted Hayder Al-Shakeri

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Mnt Goat – The news is all very good and moving Iraq in the direction we need to see them mover. Remember I am still hearing there is a plan for currency reform geared to begin (or continue) the “deletion of the zeros” project in mid April by the launching of the lower denominations. I see this on track but only if we see the needed events taking place first.  Our main focus right now should be to watch for the announcement of the new CBI governor and I fully believe it will be Dr. Shabibi. So what do you think he will do once he is “officially” acting governor again? I believe he will continue the plan of currency reform much of were he left off in 2012.
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Stryker – It was posted today on the Arabic side of the CBI website but dated on the 4th of April, the announcement and Declaration of the Central Bank’s launch of National Bonds in Iraqi Dinars on behalf of the Minister of Finance and ending on April 14th. These will be in 5 categories: 100,000/250,000/500,000/1,000,000/5,000,000.   Could these be Domestic Denominated Bonds? It sure looks that way but we will soon find out because it looks like they will be offered through the ISX!
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BGG – Article:  “Washington and Tehran Rescue Abadi of the coup orchestrated by al-Maliki First Published: 2016-04-06″  I was reading something of a vague attempt – brewing for a while now…all of this came to a boiling point on the 3rd – when the Supreme Court came down with a ruling that Abadi can do what he’s doing…the crooks are fighting like made to keep their status quo…
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Islandg1211 – Frank [Guru Frank26] and teams got this right: “Article 140 is effective because of the recent financial budget which granted it.”  Go Budget! Go HCL! Go RV! Go April 2016!
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Millionday – Quote:  “Presidency of the Kurdistan Regional Government Bachirvh form a special joint committee and the exchange of foreign currencies Baerakip.”  SO AS WE SEE — BARZANI HAS FORMED A COMMITTEE IN — KURDISTAN — FOR THE >>EXCHANGE PROCESS OF THE IRAQI DINAR…WHOOOPOW.
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Frank26 – …the CBI is ready to announce Dr Shabibi because they were given his resume…and you are about find out…IOO that Allak says he resigns…the RI we have been experiencing for…about 8 months now…the RV…IMO…is next and it is going to start the moment that Dr. Shabibi proclaims who he is, what he is, and what he’s doing…he needs for them to LAUNCH the Monetary Reform. This is like a fire cracker…when you light the fuse…that was the RI…it is the big bang…the explosion that comes afterward that is the explosion of the rate…that is the RV.  We believe IOO that once Dr. Shabibi talks to you that it will be 10 days to 3 weeks to finish things. It was the IMF who announced the “plan” for Iraq by the middle of 2016….they have the child by the ear. We believe the IMF will not lie to us…this is good news.   [post 2 of 2]
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Washington and Tehran Rescue Abadi of the coup orchestrated by al-Maliki

BAGHDAD – entered the United States and Iran in a tacit alliance to support the Prime Minister of Iraq, which is challenging the ruling elite’s plans to form a government of non-political address the corruption comes to the rest of the economic and political stability in the country, a member of the Organization of the Petroleum Exporting Countries (OPEC)…

Read More: http://www.DinarUpdates.com/blog
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Frank26 – Dr. Shabibi will be giving a press conference very quickly…the only way it can go out with what he needs to tell you is if he is the governor of the CBI…then he can proclaim any change in rate of their countries currency…we needed SECURITY…we got it…we needed our banks…we got them…we needed Dr. Shabibi back…he’s coming…we need something that was moved electronically to be moved physically…but we really don’t need it…Abadi got EVERYTHING he needed.  15 cabinet members have been given to Abadi as a GO…they are ready to go in the GOI…   [post 1 of 2….stay tuned]
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Millionday – Quote:  “…the IMF was “on alert, not alarm,” Lagarde said, urging major powers to accelerate structural reform, maintain accommodative monetary policies and invest in infrastructure.”  THIS WAS CL [CHRISTINE LAGARDE]  FROM IMF ACCORDING TO REPORT.  NOTE — THE IMF IS >>>ON ALERT…NOT ALARM — ALERT — WHOOPOW.  ASKING TO SPEED UP REFORM — OBVIOUSLY FOR ECONOMIC STABILITY FOR THE GLOBE  BY THIS DATE PLEASE >>> “She urged “decisive action” ahead of a meeting of leading advanced and emerging economies in Washington on April 14 and 15.”
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Bruce – What I am hearing from certain bank sources very high percentage almost 100% this going down very shortly.   WE are very close…It is a process…It looks like we are at the end...now we see what happens.
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A political source: Macgork put three conditions for the political blocs in Iraq to pass ministerial cabinet

A political source – Macgork put three conditions for the political blocs in Iraq to pass ministerial cabinDetection and a source close to the side of the discussions under way to form a government of technocrats for the presence of US pressure to pass the ministerial cabin provided by Abadi of the parliament.

The source confirmed that the representative of the US president special envoy to Iraq Bert Macgork three conditions put in front of the political blocs to pass ministerial cabin was the first of retaining Abadi, head of the government and the second is the US withdrawal of support from fighter Daash in the case was dismissed Abadi The final condition represents not exceeded Abadi political technocrats whose candidacy political blocs, which means that the Americans have put two conditions for the benefit of Abadi hurt in the last requirement in the interest of the political blocs…

Read More: http://www.dinarupdates.com/showthread.php?33013-Macgork-put-three-conditions-for-the-political-blocs-in-Iraq-to-pass-cabinet
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Delta – It is the IMF that is in charge and…they will be making the decision on the CBI governor,  [ I ] feel it will be Dr. Shabibi… he will in all likeliness come back to finish what he started…and then he may desire to retire…as he does the work he needs to finish things don’t forget he will have the IMF helping along, due to the contract they have with Iraq until the end of 2016.
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Kaperoni – [Are we confident that the new plan is a float?…]   The dinar is currently pegged.  They are not moving to a peg.  What they will do is move to a float to allow the dinar to rise based on supply and demand.  Whether that is a free float or some form of basket is yet to be determined.  
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Frank26 – last night...Dr. Shabibi turned in his resume to the international world…Dr. Shabibi has been the governor of the CBI all along…he was dismissed by Maliki in 2012 but he remained the governor of the CBI all along…and he worked on the Monetary Reform of his currency…of his country that he loves and cares for all this time…So may I suggest to you that Dr. Shabibi handed in his resume…these are my qualifications for being the governor of the Central Bank of Iraq because maybe Allak is now ready to hand in his resignation and say good bye…just as we told you…we said …that he would be there…that he will take the helm…what are you thinking of doing Dr. Shabibi…well maybe I come back and stand on that soapbox and make an announcement…tell the people…I love ya…and I tell them to get their RI set because the RV is next…   [post 3 of 3]
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Sistani and Iran and America agree: Abadi remain in power and appoints new ministers

BAGHDAD / Hassan Shammari: Sajjad stressed horses analyst provides advice to the Prime Minister Haider al-Abadi, on Wednesday, the US and Iranian religious cleric Ali al-Sistani had them all have the same opinion, “Abadi remain in power and appoints new ministers.”+

According to a report for “Middle East Online” and seen by “Sky Press”, citing political sources said that “the two rivals break-ins, WA, and Tehran had put pressure on their allies in Iraq not to seek to remove Abadi at a time when trying to form a government of technocrats,” adding that ” US and Iranian efforts helped to bury the attempt last week to keep down Abadi carried out by al-Maliki, Secretary-General of the Dawa party, which controls about one-third of the seats in parliament. “…

Read More: http://www.DinarUpdates.com/blog
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Frank26 – I love that many oil companies are in Iraq digging, exploring, and drilling in Iraq even more than before. Something has enticed them to reach deeper into their pockets for Iraq and for themselves as international companies.  Iraq has disrespected the international world for the last 10 years with all of the gifts and the alms that have been paid at their feet, it is time to pay up Iraq. You are primed to enter Article 8 of the IMF in the first half of 2016…you are now officially weaned.  The RI…the Reinstatement of the currency…the preparation…all of that is what is going to allow them to enter into Article 8…oh my word…they got all these things done.  Let’s start the reconstruction… raise the value of your money…because the loans are not for that part…that is not the deal…the new math is for that part.   [post 2 of 3….stay tuned]
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Frank26 – …so will Iraq comply with the IMF to do a few things by the end of the first half of 2016…well I see them running to this position far more than I see them delaying …it is impressive fighting corruption and prosecuting became an eruption and it has succeeded. But laws are ready to dominate because many reforms have already commenced…weeks and months ago in Iraq without them telling you…reforms are marching…I can tell you very clearly that Abadi got what he wanted…he got all his reforms…IMO…you see the evidence of it…banking systems…MasterCard…bonds actually being sold…and so on…this is HUGE.   [post 1 of 3….stay tuned]
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tlar – Article quote:  “Rafidain Bank announced on Tuesday for the bank to sell the dollar directly through its branches in Baghdad and the provinces, while confirming that the selling price will be as specified by the Central Bank of Iraq.” This is, again a smart move by the central bank. If an Iraqi can buy the dollar at the bank for 1182 he would be stupid to pay a street rate of more than that. This should clean up the difference between the street and program rate pretty quickly in the cities of Bara and Bagdad. It should almost take the middle out of the picture in most populated areas. This should have been done months ago but either way, it is another smart move by Keywords CBI. It does make you wonder how an uneducated man with no experience in banking can have come so far so fast. Great advisors no doubt (Shabibi).
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Iraqi Dinar/Dollar auction (most recent listing) 04-07-16

Currency Auctions Announcement No. 3174

This daily currency auction was held in the Central Bank of Iraq on the 04-07-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Breitling – People always ask why is it they have not revalued their currency?  Well it’s because they have a fantastic insurance policy.  It’s called the US dollar…right now they are not getting as much as they used to.  Even if the price per barrel goes up they still have to make up for what they lost.  That’s where they are being cornered and being pushed to add value to their currency right now.  That’s why it’s such an awesome time to looking at the dinar and being in the dinar because of that type of pressure.
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Islandg1211 – …the PTB hadn’t backed the RV until last Fall, and…they had set a target date in April.  As a result of their decision, everything had to be set in motion. Orders for the US to lead the attack on ISIS – particularly their money, oil, leadership had to be targeted.  Mosul somewhat liberated. Fully formed government in Iraq. Laws passed. Corrupt gone. Corruption world wide exposed with accounts frozen before the RV.  Shababi back. Frank [Guru Frank26] and teams and the news articles themselves are showing us the plan in its entirety being completed on schedule.
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rcookie – Article: “Economic Adviser to the head of Government is the financial reserve “well” in the shadow of the economic crisis”    …powerful article out this morning that outlines…about cbi reserve status…iraq is completely on goal with where imf projects their reserves to be…under table 2 of the imf smp..loi/mefp/tech mou…from the years 2014-2018…and actually through 2020…this is clarifying article that completely debunks some of the ridiculous negative statements about iraqs reserve status…they are exactly on goal…
______________________________________________________________

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!!)

______________________________________________________________

Kaperoni – Article quote:  “Great credit is due to the many aspects of the development of the Iraqi banking system and monetary policy in the current day to Dr. Shabibi...”   This guy is clearly pro Shabibi and deservingly so because he was a well liked and intelligent man who accomplished quite a bit for the banking system in Iraq. I want to draw attention to the part where he raised the value of the dinar from 3000 to $1 to 1200 to $1 gradually. I believe this is the same plan for when the market economy is launched. And it did not take long for the CBI to accomplish this. The final step will be to raise the dinar from the current 1182 to $1, to 1 dinar to $1 or about removing the zeros during the process. More importantly it shows it is possible without much fanfare. Also, it is important that Iraq never suffered from hyperinflation as some have stated.This is important because that is the basis for many who believe in a LOP theory. Iraq’s inflation peeked at or around 33% well below the requirement of over 50% to meet the definition of hyperinflation. These are good facts to keep in mind when we start to sway. Keep the faith, let it come to us. The dinar will rise once the new government launches to market economy.
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Mnt Goat – So what will happen once Shabibi is back within the CBI?  Recap back to 2015 –  I was told that the plan is to begin the launching of the lower denominations almost immediately, something that was planned for and was supposed to happen in early December of 2015 and we were supposed to have the final RV by the end of 2015. This is factual news. We know this did not happen then and has been still on the plan since only a new target was moved out.  So the good news is this current information confirmed all the news we heard back then…I am also hearing they are pushing strongly to adhere to their mid March to mid April target timeframe for the currency reform (the RV window I gave you over two months ago) and moving to Article 8 of the UN charter. Today is April 4th already and so there is less than 2 weeks remaining to complete this task. I am hearing they are going to make a major push this week and this week may go down in history.   [post 2 of 2]
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Mnt Goat – I checked in with my Iraqi CBI contact over the weekend…I was told that there is a main effort now underway to reform the CBI and bring back Dr Shabibi as the formal head of the controller for the national bank. …They told me this effort has been underway now for over 3 weeks and is now at a point they must make this change. I was told the plan is now to have Shabibi in a news conference within the next couple days. He will announce his return and make a broadcast speech to the nation and global community. So we should expect articles and maybe even a broadcast of this on the major news channels such as CNN or FOX news.  Has Ali al-Allaq (proxy CBI governor) resigned?  YES and officially over this last week the CBI has not had an acting governor.  [post 1 of 2….stay tuned]
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tman23 – Remember…they do not need the cabinet seated to change the currency (lift the zeros)… They only need to have it in the process…
______________________________________________________________

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
______________________________________________________________

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 – 04.06.2015

http://www.cbi.iq/

______________________________________________________________

Everyone has a right to speak; no one has a right to be listened to. – Will Spencer

______________________________________________________________

*** Current News ***

______________________________________________________________

Dinar Updates ‏@DinarUpdates 7m7 minutes ago

Dinar Updates Retweeted Hayder Al-Shakeri

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Mnt Goat – The news is all very good and moving Iraq in the direction we need to see them mover. Remember I am still hearing there is a plan for currency reform geared to begin (or continue) the “deletion of the zeros” project in mid April by the launching of the lower denominations. I see this on track but only if we see the needed events taking place first.  Our main focus right now should be to watch for the announcement of the new CBI governor and I fully believe it will be Dr. Shabibi. So what do you think he will do once he is “officially” acting governor again? I believe he will continue the plan of currency reform much of were he left off in 2012.
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Stryker – It was posted today on the Arabic side of the CBI website but dated on the 4th of April, the announcement and Declaration of the Central Bank’s launch of National Bonds in Iraqi Dinars on behalf of the Minister of Finance and ending on April 14th. These will be in 5 categories: 100,000/250,000/500,000/1,000,000/5,000,000.   Could these be Domestic Denominated Bonds? It sure looks that way but we will soon find out because it looks like they will be offered through the ISX!
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BGG – Article:  “Washington and Tehran Rescue Abadi of the coup orchestrated by al-Maliki First Published: 2016-04-06″  I was reading something of a vague attempt – brewing for a while now…all of this came to a boiling point on the 3rd – when the Supreme Court came down with a ruling that Abadi can do what he’s doing…the crooks are fighting like made to keep their status quo…
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Islandg1211 – Frank [Guru Frank26] and teams got this right: “Article 140 is effective because of the recent financial budget which granted it.”  Go Budget! Go HCL! Go RV! Go April 2016!
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Millionday – Quote:  “Presidency of the Kurdistan Regional Government Bachirvh form a special joint committee and the exchange of foreign currencies Baerakip.”  SO AS WE SEE — BARZANI HAS FORMED A COMMITTEE IN — KURDISTAN — FOR THE >>EXCHANGE PROCESS OF THE IRAQI DINAR…WHOOOPOW.
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Frank26 – …the CBI is ready to announce Dr Shabibi because they were given his resume…and you are about find out…IOO that Allak says he resigns…the RI we have been experiencing for…about 8 months now…the RV…IMO…is next and it is going to start the moment that Dr. Shabibi proclaims who he is, what he is, and what he’s doing…he needs for them to LAUNCH the Monetary Reform. This is like a fire cracker…when you light the fuse…that was the RI…it is the big bang…the explosion that comes afterward that is the explosion of the rate…that is the RV.  We believe IOO that once Dr. Shabibi talks to you that it will be 10 days to 3 weeks to finish things. It was the IMF who announced the “plan” for Iraq by the middle of 2016….they have the child by the ear. We believe the IMF will not lie to us…this is good news.   [post 2 of 2]
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Washington and Tehran Rescue Abadi of the coup orchestrated by al-Maliki

BAGHDAD – entered the United States and Iran in a tacit alliance to support the Prime Minister of Iraq, which is challenging the ruling elite’s plans to form a government of non-political address the corruption comes to the rest of the economic and political stability in the country, a member of the Organization of the Petroleum Exporting Countries (OPEC)…

Read More: http://www.DinarUpdates.com/blog
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Frank26 – Dr. Shabibi will be giving a press conference very quickly…the only way it can go out with what he needs to tell you is if he is the governor of the CBI…then he can proclaim any change in rate of their countries currency…we needed SECURITY…we got it…we needed our banks…we got them…we needed Dr. Shabibi back…he’s coming…we need something that was moved electronically to be moved physically…but we really don’t need it…Abadi got EVERYTHING he needed.  15 cabinet members have been given to Abadi as a GO…they are ready to go in the GOI…   [post 1 of 2….stay tuned]
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Millionday – Quote:  “…the IMF was “on alert, not alarm,” Lagarde said, urging major powers to accelerate structural reform, maintain accommodative monetary policies and invest in infrastructure.”  THIS WAS CL [CHRISTINE LAGARDE]  FROM IMF ACCORDING TO REPORT.  NOTE — THE IMF IS >>>ON ALERT…NOT ALARM — ALERT — WHOOPOW.  ASKING TO SPEED UP REFORM — OBVIOUSLY FOR ECONOMIC STABILITY FOR THE GLOBE  BY THIS DATE PLEASE >>> “She urged “decisive action” ahead of a meeting of leading advanced and emerging economies in Washington on April 14 and 15.”
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Bruce – What I am hearing from certain bank sources very high percentage almost 100% this going down very shortly.   WE are very close…It is a process…It looks like we are at the end...now we see what happens.
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A political source: Macgork put three conditions for the political blocs in Iraq to pass ministerial cabinet

A political source – Macgork put three conditions for the political blocs in Iraq to pass ministerial cabinDetection and a source close to the side of the discussions under way to form a government of technocrats for the presence of US pressure to pass the ministerial cabin provided by Abadi of the parliament.

The source confirmed that the representative of the US president special envoy to Iraq Bert Macgork three conditions put in front of the political blocs to pass ministerial cabin was the first of retaining Abadi, head of the government and the second is the US withdrawal of support from fighter Daash in the case was dismissed Abadi The final condition represents not exceeded Abadi political technocrats whose candidacy political blocs, which means that the Americans have put two conditions for the benefit of Abadi hurt in the last requirement in the interest of the political blocs…

Read More: http://www.dinarupdates.com/showthread.php?33013-Macgork-put-three-conditions-for-the-political-blocs-in-Iraq-to-pass-cabinet
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Delta – It is the IMF that is in charge and…they will be making the decision on the CBI governor,  [ I ] feel it will be Dr. Shabibi… he will in all likeliness come back to finish what he started…and then he may desire to retire…as he does the work he needs to finish things don’t forget he will have the IMF helping along, due to the contract they have with Iraq until the end of 2016.
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Kaperoni – [Are we confident that the new plan is a float?…]   The dinar is currently pegged.  They are not moving to a peg.  What they will do is move to a float to allow the dinar to rise based on supply and demand.  Whether that is a free float or some form of basket is yet to be determined.  
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Frank26 – last night...Dr. Shabibi turned in his resume to the international world…Dr. Shabibi has been the governor of the CBI all along…he was dismissed by Maliki in 2012 but he remained the governor of the CBI all along…and he worked on the Monetary Reform of his currency…of his country that he loves and cares for all this time…So may I suggest to you that Dr. Shabibi handed in his resume…these are my qualifications for being the governor of the Central Bank of Iraq because maybe Allak is now ready to hand in his resignation and say good bye…just as we told you…we said …that he would be there…that he will take the helm…what are you thinking of doing Dr. Shabibi…well maybe I come back and stand on that soapbox and make an announcement…tell the people…I love ya…and I tell them to get their RI set because the RV is next…   [post 3 of 3]
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Sistani and Iran and America agree: Abadi remain in power and appoints new ministers

BAGHDAD / Hassan Shammari: Sajjad stressed horses analyst provides advice to the Prime Minister Haider al-Abadi, on Wednesday, the US and Iranian religious cleric Ali al-Sistani had them all have the same opinion, “Abadi remain in power and appoints new ministers.”+

According to a report for “Middle East Online” and seen by “Sky Press”, citing political sources said that “the two rivals break-ins, WA, and Tehran had put pressure on their allies in Iraq not to seek to remove Abadi at a time when trying to form a government of technocrats,” adding that ” US and Iranian efforts helped to bury the attempt last week to keep down Abadi carried out by al-Maliki, Secretary-General of the Dawa party, which controls about one-third of the seats in parliament. “…

Read More: http://www.DinarUpdates.com/blog
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Frank26 – I love that many oil companies are in Iraq digging, exploring, and drilling in Iraq even more than before. Something has enticed them to reach deeper into their pockets for Iraq and for themselves as international companies.  Iraq has disrespected the international world for the last 10 years with all of the gifts and the alms that have been paid at their feet, it is time to pay up Iraq. You are primed to enter Article 8 of the IMF in the first half of 2016…you are now officially weaned.  The RI…the Reinstatement of the currency…the preparation…all of that is what is going to allow them to enter into Article 8…oh my word…they got all these things done.  Let’s start the reconstruction… raise the value of your money…because the loans are not for that part…that is not the deal…the new math is for that part.   [post 2 of 3….stay tuned]
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Frank26 – …so will Iraq comply with the IMF to do a few things by the end of the first half of 2016…well I see them running to this position far more than I see them delaying …it is impressive fighting corruption and prosecuting became an eruption and it has succeeded. But laws are ready to dominate because many reforms have already commenced…weeks and months ago in Iraq without them telling you…reforms are marching…I can tell you very clearly that Abadi got what he wanted…he got all his reforms…IMO…you see the evidence of it…banking systems…MasterCard…bonds actually being sold…and so on…this is HUGE.   [post 1 of 3….stay tuned]
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tlar – Article quote:  “Rafidain Bank announced on Tuesday for the bank to sell the dollar directly through its branches in Baghdad and the provinces, while confirming that the selling price will be as specified by the Central Bank of Iraq.” This is, again a smart move by the central bank. If an Iraqi can buy the dollar at the bank for 1182 he would be stupid to pay a street rate of more than that. This should clean up the difference between the street and program rate pretty quickly in the cities of Bara and Bagdad. It should almost take the middle out of the picture in most populated areas. This should have been done months ago but either way, it is another smart move by Keywords CBI. It does make you wonder how an uneducated man with no experience in banking can have come so far so fast. Great advisors no doubt (Shabibi).
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Iraqi Dinar/Dollar auction (most recent listing) 04-06-16

Currency Auctions Announcement No. 3173

This daily currency auction was held in the Central Bank of Iraq on the 04-06-2016

The results were as follows:

More: http://dinarupdates.com/vlog/
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Breitling – People always ask why is it they have not revalued their currency?  Well it’s because they have a fantastic insurance policy.  It’s called the US dollar…right now they are not getting as much as they used to.  Even if the price per barrel goes up they still have to make up for what they lost.  That’s where they are being cornered and being pushed to add value to their currency right now.  That’s why it’s such an awesome time to looking at the dinar and being in the dinar because of that type of pressure.
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Islandg1211 – …the PTB hadn’t backed the RV until last Fall, and…they had set a target date in April.  As a result of their decision, everything had to be set in motion. Orders for the US to lead the attack on ISIS – particularly their money, oil, leadership had to be targeted.  Mosul somewhat liberated. Fully formed government in Iraq. Laws passed. Corrupt gone. Corruption world wide exposed with accounts frozen before the RV.  Shababi back. Frank [Guru Frank26] and teams and the news articles themselves are showing us the plan in its entirety being completed on schedule.
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rcookie – Article: “Economic Adviser to the head of Government is the financial reserve “well” in the shadow of the economic crisis”    …powerful article out this morning that outlines…about cbi reserve status…iraq is completely on goal with where imf projects their reserves to be…under table 2 of the imf smp..loi/mefp/tech mou…from the years 2014-2018…and actually through 2020…this is clarifying article that completely debunks some of the ridiculous negative statements about iraqs reserve status…they are exactly on goal…
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Kaperoni – Article quote:  “Great credit is due to the many aspects of the development of the Iraqi banking system and monetary policy in the current day to Dr. Shabibi...”   This guy is clearly pro Shabibi and deservingly so because he was a well liked and intelligent man who accomplished quite a bit for the banking system in Iraq. I want to draw attention to the part where he raised the value of the dinar from 3000 to $1 to 1200 to $1 gradually. I believe this is the same plan for when the market economy is launched. And it did not take long for the CBI to accomplish this. The final step will be to raise the dinar from the current 1182 to $1, to 1 dinar to $1 or about removing the zeros during the process. More importantly it shows it is possible without much fanfare. Also, it is important that Iraq never suffered from hyperinflation as some have stated.This is important because that is the basis for many who believe in a LOP theory. Iraq’s inflation peeked at or around 33% well below the requirement of over 50% to meet the definition of hyperinflation. These are good facts to keep in mind when we start to sway. Keep the faith, let it come to us. The dinar will rise once the new government launches to market economy.
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Mnt Goat – So what will happen once Shabibi is back within the CBI?  Recap back to 2015 –  I was told that the plan is to begin the launching of the lower denominations almost immediately, something that was planned for and was supposed to happen in early December of 2015 and we were supposed to have the final RV by the end of 2015. This is factual news. We know this did not happen then and has been still on the plan since only a new target was moved out.  So the good news is this current information confirmed all the news we heard back then…I am also hearing they are pushing strongly to adhere to their mid March to mid April target timeframe for the currency reform (the RV window I gave you over two months ago) and moving to Article 8 of the UN charter. Today is April 4th already and so there is less than 2 weeks remaining to complete this task. I am hearing they are going to make a major push this week and this week may go down in history.   [post 2 of 2]
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Mnt Goat – I checked in with my Iraqi CBI contact over the weekend…I was told that there is a main effort now underway to reform the CBI and bring back Dr Shabibi as the formal head of the controller for the national bank. …They told me this effort has been underway now for over 3 weeks and is now at a point they must make this change. I was told the plan is now to have Shabibi in a news conference within the next couple days. He will announce his return and make a broadcast speech to the nation and global community. So we should expect articles and maybe even a broadcast of this on the major news channels such as CNN or FOX news.  Has Ali al-Allaq (proxy CBI governor) resigned?  YES and officially over this last week the CBI has not had an acting governor.  [post 1 of 2….stay tuned]
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tman23 – Remember…they do not need the cabinet seated to change the currency (lift the zeros)… They only need to have it in the process…
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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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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

http://www.cbi.iq/

Indicative rates – 04.05.2015

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The greatest productive force is human selfishness. – Robert Heinlein

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*** Current News ***

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rcookie – Article: “Economic Adviser to the head of Government is the financial reserve “well” in the shadow of the economic crisis”    …powerful article out this morning that outlines…about cbi reserve status…iraq is completely on goal with where imf projects their reserves to be…under table 2 of the imf smp..loi/mefp/tech mou…from the years 2014-2018…and actually through 2020…this is clarifying article that completely debunks some of the ridiculous negative statements about iraqs reserve status…they are exactly on goal…
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Kaperoni – Article quote:  “Great credit is due to the many aspects of the development of the Iraqi banking system and monetary policy in the current day to Dr. Shabibi...”   This guy is clearly pro Shabibi and deservingly so because he was a well liked and intelligent man who accomplished quite a bit for the banking system in Iraq. I want to draw attention to the part where he raised the value of the dinar from 3000 to $1 to 1200 to $1 gradually. I believe this is the same plan for when the market economy is launched. And it did not take long for the CBI to accomplish this. The final step will be to raise the dinar from the current 1182 to $1, to 1 dinar to $1 or about removing the zeros during the process. More importantly it shows it is possible without much fanfare. Also, it is important that Iraq never suffered from hyperinflation as some have stated. This is important because that is the basis for many who believe in a LOP theory. Iraq’s inflation peeked at or around 33% well below the requirement of over 50% to meet the definition of hyperinflation. These are good facts to keep in mind when we start to sway. Keep the faith, let it come to us. The dinar will rise once the new government launches to market economy.
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Mnt Goat – So what will happen once Shabibi is back within the CBI?  Recap back to 2015 –  I was told that the plan is to begin the launching of the lower denominations almost immediately, something that was planned for and was supposed to happen in early December of 2015 and we were supposed to have the final RV by the end of 2015. This is factual news. We know this did not happen then and has been still on the plan since only a new target was moved out.  So the good news is this current information confirmed all the news we heard back then…I am also hearing they are pushing strongly to adhere to their mid March to mid April target timeframe for the currency reform (the RV window I gave you over two months ago) and moving to Article 8 of the UN charter. Today is April 4th already and so there is less than 2 weeks remaining to complete this task. I am hearing they are going to make a major push this week and this week may go down in history.   [post 2 of 2]
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Mnt Goat – I checked in with my Iraqi CBI contact over the weekend…I was told that there is a main effort now underway to reform the CBI and bring back Dr Shabibi as the formal head of the controller for the national bank. …They told me this effort has been underway now for over 3 weeks and is now at a point they must make this change. I was told the plan is now to have Shabibi in a news conference within the next couple days. He will announce his return and make a broadcast speech to the nation and global community. So we should expect articles and maybe even a broadcast of this on the major news channels such as CNN or FOX news.  Has Ali al-Allaq (proxy CBI governor) resigned?  YES and officially over this last week the CBI has not had an acting governor.  [post 1 of 2….stay tuned]
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tman23 – Remember…they do not need the cabinet seated to change the currency (lift the zeros)… They only need to have it in the process…
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12 formations representing the private sector , calling the Iraqi Economic Forum

Long-Presse / Baghdad – Announced 12 formations representing the private sector, on Monday, the launch of the Iraqi Economic Forum, and while they called to end the “monopoly” government of all kinds to allow the investment to enter into new projects, urged the parliament on the need to enact a law framed the Forum’s work to exercise its role “national in the service.” Iraqi society.

Participants said the establishment of the Forum in their final statement, which announced the presence of the Iraqi ambassador to the Kingdom of Jordan, Safiya al-Suhail, the Iraqi figures and parliamentary government, and received a (long-Presse) a copy of it, that “links and public unions and organizations gathered in Amman, Jordan, for two days to launch Economic Forum Iraqi official “, stressing” denounce terrorism suffered by Iraq and the region in general. “…

Courtesy – RCookie…

Read More: http://www.DinarUpdates.com/blog
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Mnt Goat – Right now we are soooooooo close to the end of this RV saga, we all should be praying, praying and praying more that nothing goes wrong to stop the plan they have been moving towards now since the fall 2015 and that is about to conclude. It is almost at the conclusion.  Right now the picture is looking really good from my standpoint…
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Millionday – ABADI HAS STATED THAT FROM THURSDAY TO 10 DAYS IS WHAT PARLIAMENT HAS TO VOTE IN NEW CABINET…NOTE — THIS IS PART OF THE REFORMS PLANNED ACCORDING TO REPORTS.
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Biographies of personalities nominated for encouraging Astmas

Tariq Harb – What it was published by several media on 02/04/2016 from the translations of the personalities nominated by the PM, and presented to the parliament, 30.03.2016 M. Day, was encouraging translations of what has been its requirement constitutionally and realistic of the fact that the Minister of the future, must have a prescription technocrats, the three pillars, namely experience and competence, skill first, honesty, integrity and chastity Secondly, independence, professionalism and impartiality Third…

Posted in our Private FaceBook group – courtesy MadDScout

https://www.facebook.com/groups/571383766355188/
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wmawhite – …the Kurds wanted 20% of the new cabinet (GOI) positions. PM Abadi’s list had the Kurds filling 2 positions…the Kurds ALWAYS never agree to anything until after the deadline has passed.   P.S…20% of 16 ministers is 3.2…IMO, Abadi knew this was coming and it will be a process that he (Abadi) is extremely good at doing.
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Millionday – Article quotes:  “The Iraqi Parliament officially opened, yesterday, all doors for international relief to help rehabilitate and reconstruct infrastructure of cities liberated from Daesh’s upper-hand.”  “The cabinet voted a few days before UN Secretary General Ban Kimoon, President of the World Bank Jim Yong Kim and President of the Islamic Development Bank Ahmed Mohammed Ali had paid a visit to Iraq. The bank leaders announced granting 250 million dollars in financial aid for reinstating stability in freed zones.” THE WORLD BANK>>>THE UN >>>THE IMF HAS MET WITH PARLIAMENT ACCORDING TO REPORTS.  THIS IS THE ANNOUNCEMENT FOR PROJECTS OF INFRASTRUCTURE AND REBUILD — THIS IS MASSIVE — THE REBUILD BEING FUNDED — FINALLY… GLOBAL HUMNITARIAN HELP FOR REBUILD… SO OBVIOUSLY A HUGE ANNOUNCEMENT TO SAY THE LEAST…WHOOOPOW.
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wmawhite – [so you’re thinking the IQD will be international but just may not be exchangeable in all countries at first.]  The IQD is international today. However, it is not accepted throughout the world’s inter-bank system because of several factors that Iraq is correcting today. Once Iraq moves into full compliance of Article 8, bank/countries will be quicker to trade/exchange use it.  [How long do you think it will be before they finish correcting these last few issues for Article 8?]  The IMF opinion is much more reliable than mine and they told the world that they expect Iraq to enter the world economy market during the 1st half of 2016…I read that statement as the answer to your question…the IMF actually stated that Iraq “will”…did not read as “guess”…I feel great about what is happening…I expect over the next couple to few weeks more huge news about the CBI…the monetary reforms…the IQD. Will it be exactly what so many are looking for…don’t know, but IMO what we want is coming our way.
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Islandg1211 – You can sense that the Monetary Reform is going forward smoothly now…   I didn’t agree with last year’s expectations of an RV, because although the IMF gave Iraq the “Green Light” they told Abadi to “get his act together,” and left him on his own. Without US support, and with the same corrupt ministers, ISIS, oil prices crashing and Iranian influence, Abadi didn’t get very far. But, then things changed. Finally, the PTB stepped in – all in. And they do have a lot of control over the MR. We can saw them influencing Iraq through the LOI [Letter of Intent] and now the loans. This is a change. Also, the IMF prefers April for RVs. When I saw the LOI with the IMF, troops in full combat to take back Mosul, and the PTB pushing the reforms every way they could including the Clerics, I felt that finally, now, the PTB think its a go. So I do too.
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Mohammed Tawfiq Allawi replied to a message Keywords Section II

Orbit news – Sadun this topic quite frankly , and I will to Anjazatkma both of you and Akhvaqatkma without courtesy, so I ask again from both of you handle a spirit of sportsmanship with what I will say in order to reach the correct foundations for planning policy of economic sound to avoid the negative effects of what will face the country’s difficult economic conditions due to lack of resources and the large number of obligations at this difficult stage for the advancement of the country and save the citizens of the great suffering seemed to highlight her features…

Read More: http://www.DinarUpdates.com/blog
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wmawhite – Interesting that there are many groups/entities surfacing that are not just in Iraq, but they are from many other countries; ready to do business with Iraq…this why I continue to believe that the first evidence of this manifesting will come from Iraq’s regional business partners.
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Breitling – Is Iraq’s currency recognized internationally?  Absolutely it is.  Every country’s currency is recognized internationally.  It goes back to, “Is the currency a scam on any level at all?”  No, it’s a countries currency.  We can speculate if it’s going to up or down in value.  There’s nothing wrong with that at all.  Iraq simply wants to get is currency back to the value it had before…They have to stage it correctly to do that…they just can’t throw numbers around…they can ruin their own economy if they pull the trigger too fast.
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rcookie – iraqi economic forum launches sunday night…in amman jordan…attendees included unions…organizations and boards of private sector both inside and outside of iraq…iraqi national business council in jordan…iraqi national business council and council of iraqi work in abu dhabi…and iraqi council of lebanese businessmen as well as iraqi council in britain…. wow!!… wow!!.. wow!!
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Iraqi Dinar/Dollar auction (most recent listing) 04-04-16

Currency Auctions Announcement No. 3171

This daily currency auction was held in the Central Bank of Iraq on the 04-04-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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tman23 – …PM Abadi authorized the Kurdish faction in the Iraqi parliament to send the list of their candidates for ministerial positions in the new cabinet… THIS MEANS THAT ERBIL AND BAGHDAD HAVE A POLITICAL AGREEMENT IN PLACE…ABADI DID NOT DARE PLAY CHICKEN ON THIS ONE WITH ERBIL…THE CLOCK IS TICKING AND ABADI IS ON THE HOT SEAT… VERY GOOD NEWS!
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mike – Article:  “Electronic payment reduces the risk of hoarding money”   I think this is a good idea, it would be a great idea if Iraq had the infrastructure to support an electronic payment system.  Let’s face it, these guys don’t even have electricity 24 hours a day to facilitate these kinds of transactions, let alone the POS system to make it happen.   I’m not saying it’s impossible to do this in the ME, Kuwait, Jordan and Isreal all have comprehensive POS systems in place and used regularly, it’s not that way in Iraq, at least not yet.  In the end, I see the citizens going to the banks and withdrawing their salaries from the smart cards and converting it into cash and going about their business.  I hope I’m wrong.
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tman23 – “…After the Iraqi PM Haider al-Abadi presented a list of 16 candidates for the upcoming technocrat cabinet, one of the Kurdish figures dropped out today. Nizar Muhammed Saleem Doski, from the Kurdistan Region, announced his withdrawal from the candidacy for the position of the Iraqi Oil Minister. He explained that with the lack of a political agreement between Erbil and Baghdad, he cannot take the position…”  THE STONEWALLING BEGINS…AND QUESTION IF ABADI IS GOING TO BE ABLE TO IMPLEMENT HIS CABINET WITH IN THE 30 DAYS.
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rcookie – THE OIL ARREARS ARE IN THE 2016 BUDGET…AGAIN THATS WHAT MAKES THIS YEAR…AND THIS BUDGET COMPLETELY…COMPLETELY DIFFERENT THAN ANY OTHER…EVER…EVER...
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Delta – Article quotes:  “The Ministry of Finance that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of Iraqi dinar in the International Monetary Fund.” “The International Monetary Fund expressed support for the Iraqi economy in the event of his a number of economic measures, including the privatization of banks and lifting the three zeroes from the currency and honoring debts.”  I BROUGHT THIS ARTICLE FROM 2012, IT’S VERY CLEAR NOW THAT IN ORDER FOR IRAQ TO GET THE LOAN THEY HAVE TO IMPLEMENT WHAT THE IMF TOLD THEM TO DO, ALSO ONE OF THE REFORM IS THE CURRENCY.  THE IMF SAID THAT THEY WILL GIVE IRAQ $15 B OVER THREE YEARS.  THE FIRST $5B WILL BE BY JUNE, IN ORDER FOR IRAQ TO GET THE MONEY THEY HAVE TO ACT VERY FAST.
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firefly – [...what are they waiting on?]  It will get done when maximum benefit is attained...and NOBODY knows what the exact date is…period.
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rcookie – ABADIS SPEECH TO PARLIAMENT WAS AWESOME!  SADR COMPLETELY PACIFIED…CALLED ABADI HIS COURAGEOUS BROTHER…ABADI THANKING SADR FOR STEADFAST OVERSIGHT OF PEACEFUL PROTESTS…IT IS AMAZING…HISTORIC…!
______________________________________________________________

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
______________________________________________________________

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 – 04.03.2015

http://www.cbi.iq/

______________________________________________________________

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

______________________________________________________________

*** Current News ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

rcookie –  they are going to have a hard time not approving these guys…THESE ARE NO NONSENSE SERIOUS ACADEMICS AND TECHNOCRATS WITH AMAZING CV’C AND CREDENTIALS THAT WILL BRING CREDIBILITY AND PEDIGREE TO THEIR MINISTRIES…THEY WILL DRIVE AND OVERSEE THEIR SPECIFIC MINISTRIES AND GENERAL MANAGERS… AND FOR ONCE AS ABADI STATED IN HIS SPEECH… ACCOUNTABILITY AND TRANSPARENCY….
______________________________________________________________

Mnt Goat – So the next chess move rests with parliament as they now have 10 days and the “ball is in their court”.  According to the constitution, they must to ratify or reject the candidates posed by Abadi within this period of time. We wait and see what happens. This brings us to April 10th.  I am still firm on my mid March to mid April RV window of opportunity. It has not changed. We still have time for all the work to be done to conclude the needed tasks. I am a bit skeptical it will all occur but this is their new target timeframe not mine.  If not I will then have to move along to a new RV window of opportunity when they give it to me. I will first, of course, justify it and bring it to you why I feel I have to move it out. No secret sources of intel or news from the bank screens as this is all rubbish talk. We want just the FACTS.   [post 2 of 2]
______________________________________________________________

Mnt Goat – I can absolutely, without a doubt tell you that there WILL NOT be any RV of the IQD this weekend. Why watch for an RV if we know there are still mandates for Iraq to complete prior to any RV. It is instead the completion of these mandates we watch and wait for as the RV is not the main objective here but just a by-product of meeting these objectives.   So now at the week’s end we see a benchmark in this saga to obtain a technocratic government (an event that had to occur). We know that prime minister Abadi has met Sadr’s deadline of Thursday to submit to parliament the list of candidates to fill his cabinet…   …Abadi told everyone that after about a year he would come back and review everyone who he originally appointed as minister. He has done just this and so he does carry out his plan. Yes- there is a plan.   [post 1 of 2….stay tuned]

BGG ~ Would be kind of ironic – since MG has said “without a doubt…” if it did…

Just sayin’…

______________________________________________________________

______________________________________________________________

firefly – The CBI and the GOI are 2 separate entities…Every Central bank is its own entity.  According to Iraq’s constitution the Governor of the CBI has to be voted in. He/She can’t simply be appointed the position…as Maliki was doing for 4 years.  I don’t believe all the positions are needed to fix for the reform.  Remember, the only conditions the IMF gave them on Dec 22, 2015 was to get the AML and Investment Laws completed and activated.  Both DONE!
______________________________________________________________

mike – Article:  “Abadi adviser waving to lift subsidies on gasoline ration card and to ensure the IMF loans”    This will be a very unpopular move for Abadi to make right now, the folks need those ration cards and fuel subsidies, I wouldn’t be surprised to see Sadr reject this. It looks like they’re trying to lower expenses and dismantle the socialist structure of Iraq but they need to get the open market economy up and running before they do it, IMO.
______________________________________________________________

wmawhite – Please…someone explain to me how is it that the parliament voting on the new minister of culture, or the minister of education, or any of them have anything to do with Iraq entering the world’s economy markets?  Let me give you a little hint…it has nothing to do with it…   These reforms of the government of Iraq is a reform of the old way of doing business…Abadi is changing a “culture” and is setting Iraq on a new path for the future…these changes will help Iraq be successful in the future. Last October the IMF told the world about something Iraq is going to do now…”1st half of 2016″…
______________________________________________________________

Abadi directs the Integrity Commission to investigate corrupt deals on oil contracts

Twilight News / face Prime Minister Haider al-Abadi on Saturday Integrity Commission to open an investigation on the state accusing senior officials of corruption deals, a young oil contracts in the previous government headed by Nouri al-Maliki.

Information Office of Ebadi said in a statement, said that the last face of the Integrity Commission to take legal action and calls for the judiciary to carry out prosecutions spot about serious by the investigative journalism (Fairfax Media) and (Hovingtin Post), which revealed the involvement of senior Iraqi officials in the state in corrupt deals and bribes related to oil contracts during the previous governments. ”

Read More: http://www.dinarupdates.com/showthread.php?32812-Abadi-directs-the-Integrity-Commission-to-investigate-corrupt-deals-on-oil-contracts
______________________________________________________________

Tlar – Shabs has been there all along in the background IMO.  …most likely Shabibi will not come back but there is strong evidence  that Shabibi has been advising and communicating with Keywords as an article of a week or so stated, keywords asked Shabibi for his help on getting certain legislation through.  …that alone showed me that there is communication between with Shabibi and Keywords.  I can also understand that until Maliki is gone or behind bars that there is good reason to keep any communication between Keywords and Shabs low key on Shabs part and to a certain extent Keywords part also.  Keywords was a Maliki proxy.  I am not so sure that Keywords will be removed.  Either on his own or with help from somebody or some organization, he has been transforming everything nicely at the CBI in preparation to shake hands with the international banking system, including rebuilding the CBI website making it user friendly and interactive and transparent.  I think he is either a pretty smart cookie or he is getting a lot of help considering he has had no formal training in banking let alone being in charge of a central bank.  To what he owes his achievements so far or to who, it is still a remarkable achievement as to how well he has transformed the whole system in preparation to go international with their banks.  All IMO of course..
______________________________________________________________

mike – Here’s the thing, a 1500 – $1 rate will help the GOI, it would reduce internal expenses like payroll etc as much as 30%. Conversely, this will create inflation and lower the purchasing power of the citizens. So…it’s a quagmire. We just have to trust that the government is going to do the right thing for its people, no worries, right?
______________________________________________________________

rcookie – JICA LOAN SIGNED TODAY….FURTHER EVIDENCE OF 2016 BUDGET IN FULL EXECUTION MODE…38 BILLIO IN CUSTOMS TARIFFS IN 2 MONTHS…ANOTHER BUDGET INDICATOR…400 BILLION IN BONDS LAST WEEK…ANOTHER INDICATOR…IMF/WB LOANS…ANOTHER INDICATOR…FUNDS GETTING TO PROVINCES… ANOTHER INDICATOR…PROVINCES RECEIVING TARIFF AND OIL REVENUE PERCENTAGES…ANOTHER INDICATOR…SHIPMENT OF 1ST GAS AND REVENUES ANOTHER INDICATOR…EUROBOND FLOATING WILL EXECUTE IN JUNE…ANOTHER INDICATOR…PAYING OF ARREARS ($2 BILLION PAYMENTS TO OIL COMPANIES IN APRIL)…ANOTHER INDICATOR.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 04-03-16

Currency Auctions Announcement No. 3170

This daily currency auction was held in the Central Bank of Iraq on the 04-03-2016

The results were as follows:

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

Breitling – When they talk about the hype [Articles]…some of the warning given out by individual states and some warning from a federal level…hey watch the hype.  They are absolutely right.  But.  I talk about the numbers coming out of Iraq.  I talk about what the governor of the CBI has stated and what’s coming out of that arena.  And they stated they are going to add value to the currency.  They stated what those rates were.  They stated specifically on how they want to do it based on the market they are in and if there are changes they will adapt.  I appreciate what some of these articles have written and what they are doing…They are just trying to warn people to just watch what’s going on…but they completely ignore what we are watching.  We’re a completely different group.  We’re not into hype…If you’re confused when these articles come out…because of these guys who have been caught defrauding people of their money but I want people to realize not one time did these guys get in trouble for selling dinar.
______________________________________________________________

Tlar – Article  “Sadr, ending a sit – green and calls for demonstrations until the vote on the ministerial cabin”   Sadr is still playing the bad guy, good guy routine.  …he is threatening the whole system of government unless they vote for change in the time alloted.   Abadi and Sadr have 10 days in which to swing the votes needed and you can bet they will be meeting with everyone…they must vote by the deadline or “Sadr will go after everybody…  They need the ten days and that’s why they gave the names and ten days to “study”.   We will know in the next 9 days how this comes out.  …I am an eternal optimist so my bet is this will come out ok.
______________________________________________________________

Frank26 – I Strongly believe A [Abadi] …GOT EVERYTHING HE WANTED!  This is tremendous…IMO.
______________________________________________________________

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!!)

______________________________________________________________

rcookie – [Did Adadi accomplish what was expected in the deadline meeting for today (Thursday)?]  YES HE DID…NAMES SUBMITTED…AND POSTED…SADR PACIFIED…GREEN ZONE PROTESTERS GONE…VOTE WITHIN 10 DAYS!  PARLIAMENT BACK ON SATURDAY…
______________________________________________________________

Kaperoni – Until they open the banking system, and move to Article VIII, they have to have auctions to provide a convertible currency (dollar) to pay for imports (food, appliances, vehicles, etc).  The solution is to work to get the banking system done, laws passed and have a monetary policy in compliance with the IMF so they can transition to Article VIII and hope the dinar is then accepted/convertible worldwide (freedom of movement of capital). [so far 2% not in sight lol –  is a float still viable?]  Float can happen anytime.  That is up to the CBI and one of the tools of their monetary policy.
______________________________________________________________

Aggiedad77 – If I may chime in on this whole Abadi Cabinet thing for a short minute or two or three…I know he brought forth what appears to be a decent list of names today…decent enough that it seems Sadr is calling the dogs off for a short while and encouraging Parliament to give serious consideration to the list of names…that by itself is encouraging IMO…Also I think Parliament made a good move today after they heard from Abadi by dismissing for the rest of this day and reconvening on Saturday to talk further about Abadi’s proposal…I know…someone said they had 10 days…but really…why would they need so long…a day and half should be plenty of time to deal with names presented…So will we see some final resolution on Saturday…
______________________________________________________________

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
______________________________________________________________

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 – 04.02.2015

______________________________________________________________

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

______________________________________________________________

*** Current News ***

______________________________________________________________

rcookie –  they are going to have a hard time not approving these guys…THESE ARE NO NONSENSE SERIOUS ACADEMICS AND TECHNOCRATS WITH AMAZING CV’C AND CREDENTIALS THAT WILL BRING CREDIBILITY AND PEDIGREE TO THEIR MINISTRIES…THEY WILL DRIVE AND OVERSEE THEIR SPECIFIC MINISTRIES AND GENERAL MANAGERS… AND FOR ONCE AS ABADI STATED IN HIS SPEECH… ACCOUNTABILITY AND TRANSPARENCY….
______________________________________________________________

Mnt Goat – So the next chess move rests with parliament as they now have 10 days and the “ball is in their court”.  According to the constitution, they must to ratify or reject the candidates posed by Abadi within this period of time. We wait and see what happens. This brings us to April 10th.  I am still firm on my mid March to mid April RV window of opportunity. It has not changed. We still have time for all the work to be done to conclude the needed tasks. I am a bit skeptical it will all occur but this is their new target timeframe not mine.  If not I will then have to move along to a new RV window of opportunity when they give it to me. I will first, of course, justify it and bring it to you why I feel I have to move it out. No secret sources of intel or news from the bank screens as this is all rubbish talk. We want just the FACTS.   [post 2 of 2]
______________________________________________________________

Mnt Goat – I can absolutely, without a doubt tell you that there WILL NOT be any RV of the IQD this weekend. Why watch for an RV if we know there are still mandates for Iraq to complete prior to any RV. It is instead the completion of these mandates we watch and wait for as the RV is not the main objective here but just a by-product of meeting these objectives.   So now at the week’s end we see a benchmark in this saga to obtain a technocratic government (an event that had to occur). We know that prime minister Abadi has met Sadr’s deadline of Thursday to submit to parliament the list of candidates to fill his cabinet…   …Abadi told everyone that after about a year he would come back and review everyone who he originally appointed as minister. He has done just this and so he does carry out his plan. Yes- there is a plan.   [post 1 of 2….stay tuned]

BGG ~ Would be kind of ironic – since MG has said “without a doubt…” if it did…

Just sayin’…

______________________________________________________________

______________________________________________________________

firefly – The CBI and the GOI are 2 separate entities…Every Central bank is its own entity.  According to Iraq’s constitution the Governor of the CBI has to be voted in. He/She can’t simply be appointed the position…as Maliki was doing for 4 years.  I don’t believe all the positions are needed to fix for the reform.  Remember, the only conditions the IMF gave them on Dec 22, 2015 was to get the AML and Investment Laws completed and activated.  Both DONE!
______________________________________________________________

mike – Article:  “Abadi adviser waving to lift subsidies on gasoline ration card and to ensure the IMF loans”    This will be a very unpopular move for Abadi to make right now, the folks need those ration cards and fuel subsidies, I wouldn’t be surprised to see Sadr reject this. It looks like they’re trying to lower expenses and dismantle the socialist structure of Iraq but they need to get the open market economy up and running before they do it, IMO.
______________________________________________________________

wmawhite – Please…someone explain to me how is it that the parliament voting on the new minister of culture, or the minister of education, or any of them have anything to do with Iraq entering the world’s economy markets?  Let me give you a little hint…it has nothing to do with it…   These reforms of the government of Iraq is a reform of the old way of doing business…Abadi is changing a “culture” and is setting Iraq on a new path for the future…these changes will help Iraq be successful in the future. Last October the IMF told the world about something Iraq is going to do now…”1st half of 2016″…
______________________________________________________________

Abadi directs the Integrity Commission to investigate corrupt deals on oil contracts

Twilight News / face Prime Minister Haider al-Abadi on Saturday Integrity Commission to open an investigation on the state accusing senior officials of corruption deals, a young oil contracts in the previous government headed by Nouri al-Maliki.

Information Office of Ebadi said in a statement, said that the last face of the Integrity Commission to take legal action and calls for the judiciary to carry out prosecutions spot about serious by the investigative journalism (Fairfax Media) and (Hovingtin Post), which revealed the involvement of senior Iraqi officials in the state in corrupt deals and bribes related to oil contracts during the previous governments. ”

Read More: http://www.dinarupdates.com/showthread.php?32812-Abadi-directs-the-Integrity-Commission-to-investigate-corrupt-deals-on-oil-contracts
______________________________________________________________

Tlar – Shabs has been there all along in the background IMO.  …most likely Shabibi will not come back but there is strong evidence  that Shabibi has been advising and communicating with Keywords as an article of a week or so stated, keywords asked Shabibi for his help on getting certain legislation through.  …that alone showed me that there is communication between with Shabibi and Keywords.  I can also understand that until Maliki is gone or behind bars that there is good reason to keep any communication between Keywords and Shabs low key on Shabs part and to a certain extent Keywords part also.  Keywords was a Maliki proxy.  I am not so sure that Keywords will be removed.  Either on his own or with help from somebody or some organization, he has been transforming everything nicely at the CBI in preparation to shake hands with the international banking system, including rebuilding the CBI website making it user friendly and interactive and transparent.  I think he is either a pretty smart cookie or he is getting a lot of help considering he has had no formal training in banking let alone being in charge of a central bank.  To what he owes his achievements so far or to who, it is still a remarkable achievement as to how well he has transformed the whole system in preparation to go international with their banks.  All IMO of course..
______________________________________________________________

mike – Here’s the thing, a 1500 – $1 rate will help the GOI, it would reduce internal expenses like payroll etc as much as 30%. Conversely, this will create inflation and lower the purchasing power of the citizens. So…it’s a quagmire. We just have to trust that the government is going to do the right thing for its people, no worries, right?
______________________________________________________________

rcookie – JICA LOAN SIGNED TODAY….FURTHER EVIDENCE OF 2016 BUDGET IN FULL EXECUTION MODE…38 BILLIO IN CUSTOMS TARIFFS IN 2 MONTHS…ANOTHER BUDGET INDICATOR…400 BILLION IN BONDS LAST WEEK…ANOTHER INDICATOR…IMF/WB LOANS…ANOTHER INDICATOR…FUNDS GETTING TO PROVINCES… ANOTHER INDICATOR…PROVINCES RECEIVING TARIFF AND OIL REVENUE PERCENTAGES…ANOTHER INDICATOR…SHIPMENT OF 1ST GAS AND REVENUES ANOTHER INDICATOR…EUROBOND FLOATING WILL EXECUTE IN JUNE…ANOTHER INDICATOR…PAYING OF ARREARS ($2 BILLION PAYMENTS TO OIL COMPANIES IN APRIL)…ANOTHER INDICATOR.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 04-02-16

Currency Auctions Announcement No. 3169

This daily currency auction was held in the Central Bank of Iraq on the 04-02-2016

The results were as follows:

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

Breitling – When they talk about the hype [Articles]…some of the warning given out by individual states and some warning from a federal level…hey watch the hype.  They are absolutely right.  But.  I talk about the numbers coming out of Iraq.  I talk about what the governor of the CBI has stated and what’s coming out of that arena.  And they stated they are going to add value to the currency.  They stated what those rates were.  They stated specifically on how they want to do it based on the market they are in and if there are changes they will adapt.  I appreciate what some of these articles have written and what they are doing…They are just trying to warn people to just watch what’s going on…but they completely ignore what we are watching.  We’re a completely different group.  We’re not into hype…If you’re confused when these articles come out…because of these guys who have been caught defrauding people of their money but I want people to realize not one time did these guys get in trouble for selling dinar.
______________________________________________________________

Tlar – Article  “Sadr, ending a sit – green and calls for demonstrations until the vote on the ministerial cabin”   Sadr is still playing the bad guy, good guy routine.  …he is threatening the whole system of government unless they vote for change in the time alloted.   Abadi and Sadr have 10 days in which to swing the votes needed and you can bet they will be meeting with everyone…they must vote by the deadline or “Sadr will go after everybody…  They need the ten days and that’s why they gave the names and ten days to “study”.   We will know in the next 9 days how this comes out.  …I am an eternal optimist so my bet is this will come out ok.
______________________________________________________________

Frank26 – I Strongly believe A [Abadi] …GOT EVERYTHING HE WANTED!  This is tremendous…IMO.
______________________________________________________________

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!!)

______________________________________________________________

rcookie – [Did Adadi accomplish what was expected in the deadline meeting for today (Thursday)?]  YES HE DID…NAMES SUBMITTED…AND POSTED…SADR PACIFIED…GREEN ZONE PROTESTERS GONE…VOTE WITHIN 10 DAYS!  PARLIAMENT BACK ON SATURDAY…
______________________________________________________________

Kaperoni – Until they open the banking system, and move to Article VIII, they have to have auctions to provide a convertible currency (dollar) to pay for imports (food, appliances, vehicles, etc).  The solution is to work to get the banking system done, laws passed and have a monetary policy in compliance with the IMF so they can transition to Article VIII and hope the dinar is then accepted/convertible worldwide (freedom of movement of capital). [so far 2% not in sight lol –  is a float still viable?]  Float can happen anytime.  That is up to the CBI and one of the tools of their monetary policy.
______________________________________________________________

Aggiedad77 – If I may chime in on this whole Abadi Cabinet thing for a short minute or two or three…I know he brought forth what appears to be a decent list of names today…decent enough that it seems Sadr is calling the dogs off for a short while and encouraging Parliament to give serious consideration to the list of names…that by itself is encouraging IMO…Also I think Parliament made a good move today after they heard from Abadi by dismissing for the rest of this day and reconvening on Saturday to talk further about Abadi’s proposal…I know…someone said they had 10 days…but really…why would they need so long…a day and half should be plenty of time to deal with names presented…So will we see some final resolution on Saturday…
______________________________________________________________

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
______________________________________________________________

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 – 03.29.2015

http://www.cbi.iq/

______________________________________________________________

For every complex problem there is an answer that is clear, simple, and wrong. – H. L. Mencken

______________________________________________________________

*** Current News ***

______________________________________________________________

______________________________________________________________

rcookie – …the imf & wb have transparently laid out the expectation…and action plan for attainment…in the past… currently and through 2020…it is in ink…and is visible in every economic policy and action we see every day…
______________________________________________________________

Poppy3 – ABOUT THESE LARGE LOANS — THEY WILL BE IN OUR FAVOR NOT AGAINST THE RV BUT HELPING THEM POSITION TO COMPLETE THE RV. — THINK THIS —THE NEW RATE IS NEEDED FOR QUALIFICATION TO RECEIVE THE FUNDS OF THE LOAN THAT SHOULD BE AS OTHERS SPECIFIED FOR DIFFERENT PROJECTS OF RECOVERY FROM THE WAR…TO ALLOW GROWTH OF THEIR ECONOMY OR AT LEAST THATS THE WAY I WAS TOLD…EXPLAINED THAT THESE LOANS ARE LIKE US GETTING A HOME LOAN IT IS FOR SPECIFIC USE AND DOESN’T EFFECT THEIR OTHER BUSINESS LIKE THE CBI CHANGING THE RATE.  
______________________________________________________________

Kaperoni – Article:  “Iraq enters the program (SBA) so as to provide a $ 6 billion to support its inability”  Nice, another SBA (Stand by Agreement) or conditions put on Iraq in exchange for financial consideration.  Can’t wait to see the details on this one.
______________________________________________________________

Prosecuting Maliki will Solve the Crisis in Iraq: Kurdish MP

Maliki is responsible for the fall of Mosul as well as the Speicher massacre, Adil Nouri says

BAGHDAD — A Kurdish member of the Iraqi parliament has sent a letter to the Iraqi prime minister stating that prosecuting Nouri al-Maliki, the former Iraqi prime minister, will lead to solving the crises in Iraq.

Adil Nouri, the Iraqi MP, has stated in a letter he has sent to Haidar al-Abadi, that Nouri al-Maliki is responsible for the fall of Mosul into the hands of the Islamic State (IS) militants.

“We have solved and prepared the case, and you need to send the case to the court for trial,” reads the letter.

The Iraqi MP believes that Maliki is accountable for the camp Speicher massacre in Tikrit on June 12 2014 where IS killed at least 1,700 Iraqi air force cadets. Maliki is being blamed for the disappearance of $500 billion as well.

Arresting and prosecuting Maliki for corruption and other crimes will put an end to corruption in Iraq, the letter added.

Read More: http://www.basnews.com/index.php/en/news/iraq/266434
______________________________________________________________

wmawhite – Article quote:   “…Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains three exchange restrictions and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3”  HUUUUUUUUUUGGGGGGGGGGGGGGGGEE!!!!..IM.O…what we are viewing is the actual process of the CBI (Iraq) moving into article 8 and with it entering the world markets.
______________________________________________________________

firefly – [any thoughts on what we are waiting on? you think it’s the players in the global economy or something more specific in the world?]  IMO .. we are standing on the precipe [precipice?], can’t turn back. The process IMO is already in play.
______________________________________________________________

Kaperoni – “Iraq paper from a class of 50 thousand dinars to support trade”  It sounds to me that we have a confirmation of a float of the dinar.  The way I read this is that they decided against the “delete zeros” which some have always believed was a LOP, and decided in favor of allowing the dinar to rise against foreign currencies via float (a basket is a variation of a float) to achieve the results.   …they must exit the peg in order to float.  We long have believed that at some point, the CBI would exit the peg (via orderly or disoderly) and float the dinar…All we can do is let the process play out and watch.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 03-29-16

Currency Auctions Announcement No. 3164

This daily currency auction was held in the Central Bank of Iraq on the 03-29-2016

The results were as follows:

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

Poppy3 – I AM EXCITED THAT THE REPORT FROM THE FINANCIAL MEETING IN ABADI’S SPEECH SAID THEY WILL ENTER GLOBAL ECONOMY THIS WEEK. HE REPORTED THEY HAVE THE HIGHEST GDP IN THE MIDDLE EAST. WELL IF HIGHER THAN KUWAIT AND KUWAITS DINAR VALUE IS AT $3.38 then where can iraq VALUE BE.  …SOUNDS GOOD TO ME.
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Kaperoni – Article quote:  “…economic growth in modern Iraq can not be released without a growth in the overall and sectoral economic indicators of the economy with an increase in the volume of investment in order to raise and improve the living standards of the citizens…”   This such a great article because it makes it absolutely clear that Iraq cannot achieve the results of a market economy staying “status quo.” That they cannot stay dependent on the dollar, and maintain a closed banking system if they expect to bring any kind of market economy, jobs or prosperity to Iraq.  And we all know how the pressure is building for them to make real changes. We have stated here several times the steps to a market economy and have stated how significant the banking system is to that success, it is nice to see confirmation again that we are on the right track.  Yes, there is no answer to “when” but the table is being set.  These kinds of articles are very exciting.
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Tlar – Article quote:  “…The Financial and Economic Intelligence Department of the Ministry of Interior announced on Monday the seizure of three banking companies that were transferring funds to the ISIS…”    …It is good to see this government at least trying to stop counterfeiting and smuggling and money laundering.  Shabibi unequivocally told the Maliki government that it is the job of the government to protect the money.  Shabibi identified many leaks while in office including finding people on the CBI payroll that were stealing for Maliki.  Shabibi tried to remove them and Maliki told him he could not…What a pleasure it is to see this government actually going after the corrupt and catching them… 
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
03/22 – @ 5:30pm CST

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wmawhite – …by the time all of the reforms are instituted, Iraq will have already entered the world markets and the true value of the IQD will have been established by the CBI…
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rcookie – Article:  “Abadi meet with UN Secretary General & the heads of the World and the Islamic Development Bank…Saturday, March 26, 2016”   so moon…kim..ali met with parliament..abadi privately…and traveled immediately to erbil to meet with barzani and kurd parliament… LEGARDE NOT MENTIONED…
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firefly – Fact is…the IQD NEVER lost value, it was cut off by the UN at the request of the US.  IMO we are at the point of no return. Central Banks have already started adjusting. Not rumour or intel but direct US media news.  Changes have already begun, can’t turn back the clock now…

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Tlar – Article quote:  “the forthcoming cabinet reshuffle, which would expose the Prime Minister Haider al-Abadi, next Thursday, at the parliament session, which will include seven senior ministers in the government.”   We have not heard from Abadi yet.  This is very complicated but I think Abadi will produce at least the seven ministers by thursday.  Don’t worry so much about articles stating the NA is giving him 3 weeks.  No where does it say Abadi said thanks let alone that he will take 3 weeks.  By Thursday we should see real progress both in the change of these ministers and maybe putting the list together on the COM.  Hang in…until we actually see where Abadi is coming from.
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Mnt Goat – Seems the weekend was very busy for Iraq. The news is not again exactly what we wanted to hear but at least we can see continued pressure and movement. Also they are communicating with us too, so this is also very good.   …many think the presence of the UN general secretary and the director of the World Bank means Iraq is going to RV this weekend.   As I told you each month these figure heads come to Iraq to get a progress report. Abadi and the GOI must meet with them and give them their report card.  …if they like the progress and all mandates have been accomplished, then an RV might be possible. But we can see from this recent news there is still work to be done and they spell out what must still be accomplished.
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firefly – IMF stated Iraq will enter the Global Economy BY the 1st half of 2016. The IMF doesn’t lie.   Many of these items most are looking at have nothing to do with the monetary reform.  They are very good for Iraq’s growth and great for the citizens.  [if they go global they need a reality rate right?]  Does it make sense to go global with their present rate? Are they working so hard to compete in the global markets if they weren’t planning a change?  They IMO would need a reality rate prior to entering the markets.
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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
______________________________________________________________

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

http://www.cbi.iq/

Indicative rates – 03.25.2015

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We have it in our power to begin the world over again. – Thomas Paine

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*** Current Posts ***

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*** Current News ***

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

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rcookie – OK…HERE IS A BIGGIE!!…AND PRELUDE TO THIS WEEKENDS MINISTRY ANNOUNCEMENTS…

URGENT!!…OIL MIISTER ADEL ABDUL MAHDI OFFICIALLY ANNOUNCED HIS RESIGNATION AND HE STOPPED PRACTICING HIS DUTIES IN THE MINISTRIES…LET THE DOMINOE FALLING BEGIN!!!
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tlm724 – Saleh says reform irreversible and “the past will not return.”  *hallelujah*  …that the reform process has run into opposition, “some of them political…what went on in the past decade will not be back, either in the administrative, economic and other field.”   no more shenanigans, those days are over…the path of reform is a difficult one…it is indeed difficult but not impossible, it is happening now despite the opposition.
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Mountainman – Do We really Think…w/ALL these Deals w/ Multiple Countries…that the WTO/WORLD isn’t going to Make IT Happen after ALL the Negotiations…Come June…IRAN/IRAQ will be Singin a NEW TUNE…IMO.
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rcookie – IN ADDITION TO THE IMF METAC WORKSHOP IRAQ IS ALREADY PARTICIPATING IN TITLED…”INVESTMENT POLICY & PROMOTION” FROM MARCH 20-24…THEY WILL BE STARTING ANOTHER WORKSHOP ON MARCH 27-31 TITLED “ENHANCING PUBLIC SECTOR PERFORMANCE INCLUDING DELIVERY UNITS”…AND…YET ANOTHER IMF METAC WORKSHOP…TITLED TAX ADMINISTRATION DIAGNOSTIC ASSESSMENT TOOL (TADAT) IN LEBABOB FROM MARCH 21-23…DEVELOPED BY IMF AND SOME OF ITS DEVELOPMENT PARTNER ORGANIZATIONS…THE CONTENT OF THESE KINDS OF WORKSHOPS IS MASSIVE IN CONSIDERATION AND RELATIVE TO WTO ACCESSION AND (GATT) PROCESS APPLICATION…HUGE…HUGE…HUGE…
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Mnt Goat – Soon next week the UN and the World Bank will re-visit Iraq for their monthly report card and progress report. So one thing we know for sure today is there will be NO revaluation of the Iraqi dinar until this progress report is completed and evaluated.
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rcookie – YESTERDAY IRAQ & IRAN SIGN MOU TOWARD BANKING COOPERATION…AND ROUHANI [PRES. OF IRAN]…PART OF WEEKEND POW WOW THAT ALREADY INCLUDES LEGARDE…MOON… AND KIM…HMMMMMMM.
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Parliament hosts Ki-moon and World Bank President

BAGHDAD / National Iraqi News Agency / nina / assured the House of Representatives decision of Imad Youkhana ” The parliament will resume its sessions next Saturday to host international officials nor the health to be postponed.”

He said the National Iraqi News Agency / NINA / that ” the meeting will be limited only to host all of the UN Secretary – General United Ban Ki – moon and World Bank President Jim Yong Kim to talk about the situation in general, especially the economic and the impact of the decline in world oil prices on Iraq. ”

He added Youkhana that” to do I schedule the work in the Saturday session is hosting and will resume Council meetings next Tuesday. ”

The head of the House of Representatives Saleem Jubouri revealed in the fourth of this month for a recent visit of the Secretary General of the United Nations Ban Ki – moon and World Bank President to Iraq.

Read More: http://www.dinarupdates.com/showthread.php?32329-Parliament-hosts-Ki-moon-and-World-Bank-President-3-24
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SteveI – The new parliament seems to be in place now and all has agreed, but still waiting for the final vote to make it official. As you can see, there is some major steps in change for the better and the new Iraq will be announced in short time.  With many important people attending this major meeting this weekend, something really big is happening. Will it be what we are looking for? Probably not, but at a minimum it surely must be leading up to it or something significant in the near future. Based on what I have read and reading, Iraq is pushing very hard to officially enter into the global market with a new value attached to their currency. This is pretty much a given, but watching them accomplish this is sure confusing and complicated. After one mile stone reached there seems to be another one ahead. One would think that the end is sure near.   [post 2 of 2]
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SteveI – I received some information from a couple contacts regarding the current news...The main focus was this past week some very strange things happening on the ISX.  I guess the ISX was down for some time and when it came backup most of the numbers did not make sense. There seem to be some major trading by only a few companies. Also it was brought to my attention that most of the Iraqi bond purchases were to banks. This is very positive because banks have to have a minimum asset reserve to be able to participate in a global exchange of their currency (this was what several told me…).  Another mention on the CBI site was the lack of some of the denominations that used to be listed. This is all looking very positive.  Security seems to be getting under control. This came directly from someone in Iraq and is close to the action. ISIS is still a factor but not anywhere near what it was. I was also told that some major house cleaning regarding hundred of arrest warrants and many officials have already fled the country.
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wmawhite –  The CBI has made many statements that it is able to support the IQD many times greater than its reserves. It has one of the largest reserves of gold for country of its size.
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Iraqi Dinar/Dollar auction (most recent listing) 03-24-16

Currency Auctions Announcement No. 3164

This daily currency auction was held in the Central Bank of Iraq on the 03-24-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Mountainman – DEFINITION of ‘Technocracy:  A form of government where decision-makers are chosen for a governing office based on their technical expertise and background. A technocracy differs from a traditional democracy in that individuals elected to a leadership role are chosen through a process that emphasizes their relevant skills and proven performance, as opposed to whether or not they fit the majority interests of a population. Decisions made by technocrats are based on information derived from methodology rather than opinion.
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Adam Montana – [Is Abadi really under the gun to complete the monetary reform in Iraq at risk of being removed from office?]  In my opinion…not in the slightest. He’s done so much good, and has so much positive influence, there’s no way he’s under any serious risk of being “removed”.
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rcookie – …WHAT WE ARE SEEING IN DAILY NEWS FROM EVERY POSSIBLE ANGLE AS A “PRIVATE SECTOR” NARRATIVE…IS NOT SOMETHING THEY JUST FRESHLY STUMBLED UPON…BUT RATHER A 9 YEAR STRATEGY AND TRANSPARENT PLAN FOR PRIVATIZING AND RESTRUCTURE OF THE SOE’S [STATE OWNED ENTERPRISES] AND TRANSITION TO PRIVATE SECTOR AND OPEN MARKET SYSTEM & ECONOMY.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
03/22 – @ 5:30pm CST

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Kaperoni – Article:  “Diwaniyah .. currency counterfeiters arrested in possession of 14 million dinars”  Quote:  “Diwaniya: announced Diwaniya police headquarters on Monday for the arrest of a gang working on the rigging of the Iraqi currency, and adjust the printing press of their own.”  …there sure has been an effort of late that is for sure to stop this.  Nice to see.
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tman23 – …There is no doubt that with Moon, Kim, Legarde being present this weekend is HUGE… and Abadi to have chosen his cabinet Saturday… So some form of announcement is coming…BUT Legarde appearance is a BIG SURPRISE…
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Adam Montana – [Do you believe the smaller denominations are already in Iraq and are ready for distribution?  If yes, held in the banks or green zone?]  Yes. At one time I had heard from sources I deem reliable that they were at banks, but that was some time ago. I don’t think it matters where they are held either way.
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firefly – Like I’ve been saying “it’s unfolding before your very eyes if you just look!!  And what the heck are the heads of the WB and IMF doing in Iraq right after last weekends meeting!
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rcookie – ABADI GOING TO INTRODUCE THE NAMES OF NEW CABINET ON SATURDAY!!!
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Kaperoni – Article:  “Ban Ki-moon and Director of the International Monetary Fund and attend the parliament session on Saturday”   I assume she is as frustrated as we are with the lack of effort to pass reform laws.  It may be wishful thinking, but maybe she thinks she can motivate them.  
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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
______________________________________________________________

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 – 03.22.2015

http://www.cbi.iq/

______________________________________________________________

Nothing is more destructive of respect for the government and the law of the land than passing laws which cannot be enforced. – A. Einstein

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*** Current Posts ***

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*** Current News ***

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wmawhite – A true value for the IQD.  If the world trades the Omani Ryal at $2.59, which they do, and Iraq has an economy 1,000% greater, then the true value of the IQD is not $0.00085.   …we don’t know what the true value is…however, we can look around the region and see a comparison of other countries and none of them are at $0.00085, except for Iraq and the world knows that the IQD is programed/imposed/not true… Any thing greater than 1182 ($0.00085) is an increase in purchasing power…the question is how great can Iraq leverage the IQD…and IMO, that is what we will see.   [post 2 of 2]
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wmawhite – …if we believe that today 1 IQD is not truly valued at $0.00085 why would the CBI enter the world markets at something that is not reflective of their true value?  This is why I continue to ask this question:  What is missing in the following list of currencies?   1 Egyptian Pound = $0.13   1 Jordanian Dinar = $1.41   1 Qatar Riyal = $0.27   1 Bahraini Dinar = $2.65   1 Israeli Shekel = $0.26   1 Saudi Riyal = $0.27   1 United Arab Emirates Dirham = $0.27  1 Omani Riyal = $2.59   1 Kuwaiti Dinar = $3.31   1 Iraqi Dinar = $0.00085  What is missing?  [post 1 of 2….stay tuned]
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Kaperoni – Article:  “Consultant Abadi: Document Prime Minister based on state-building and market adoption of smaller and more powerful government”   This guy does not understand the auctions and the reason for them.  That being said, he is right about the rest…reforms must be “quick” and they must get integrated with the global market soon if they are to succeed.  Quote:  “economic reform policies must be quick and based on extensive studies to develop solutions in line with developments in real – time local and global market.”  I remember reading somewhere (some IMF doc) that the transition should be overnight, quickly, direct, etc., and not gradual to avoid confusion of citizens.  Once they are ready, I am hoping they are listening.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
03/22 – @ 5:30pm CST

 Smart phone user link – Click here

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wmawhite – Does everybody understand why Iraq uses the USD?  The first couple of days following the US enter Iraq we dumped 100s of billions of USD into Iraq so that they could survive as a country…they had to continue to feed themselves…and today, because the IQD is not openly accepted on the world market, Iraq uses the USD as its currency.   IMO, we are finally at the point in time when the auctions are going to be reduced because the USD will start to be reduced inside of Iraq and the IQD will be the currency of choice and it is accepted in the world markets.  Of course, with a reduction in the price per barrel of oil…there is less USD flowing into Iraq.  Therefore, less liquidity…It is quite interesting how so much of these issues have continued to push Iraq in the direction we needed them to go.
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Stryker – Iraq’s Global Economic Diversification…We are seeing Iraq evolve its economy through diversification. Yesterday the first shipment of liquid gas left Iraq’s liquid gas port and head to the open sea on it’s way to their first global customer. We are witnessing history folks as Iraq has never exported liquid gas to any market until now.
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Mnt Goat – …talk now is that Iranian influence must end, ISIS is almost under control (their last stronghold is Mosul), IMF is now working closely with the CBI to align the banking systems and financial systems, the financial and political paths have not yet converged, no RV has taken place.  Right now I still hold the conviction of mid March to mid April for an RV.  I can only relate the news given to the possibility of the RV according to what they tell us. Will it happen?  Events change and the process can speed up or slow down. We wait and see.  As I said many times the RV is a by-product of the process, the end result and not the main driving force. It will simply happen when the conditions are right.
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Three presidencies agree to conduct a cabinet reshuffle within a week

Three presidencies decided at the conclusion of the formation of the first meeting of the two committees to follow up the ministerial reforms and adjustment in a week and the other to communicate with the protesters…

Read More: http://www.dinarupdates.com/blog/
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Mnt Goat – “The Pressure is Building”   There was a ton of news…It came at us like a running bull once the protestors took to the streets again and crossed over into the green zone. This scared many of these politicians and so finally we began to see some real action towards movement of the Abadi reforms for his cabinet reshuffle.   The only hope is that they too can perform and can get the job done without the level of corruption we have seen by their predecessors.  Iraq got the majority of the much needed laws (at this point in time of what is needed), we now have a heightened awareness of the crimes committed by Maliki and his goons, the citizens and religious leaders are now driving the pressure for reforms…
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Tlar – The spread between the street and program rate getting bigger, was predictable …You cannot reduce a spread by raising the sale or program rate, especially in such a corrupt environment.  The CBI is dancing around the only solution possible for the spread problem.  The only long term solution to this problem is to get rid of the multiple currencies usage and just use the dinar.  This will close the house of theft (the auctions).

With all the long term systemic corruption built into the auctions and with the sophisticated organized smuggling units that have operated around those auctions now for years in Iraq, there is only one way to stop it.  STOP THE AUCTIONS.  To do that Iraq must USE THEIR OWN CURRENCY.  To do that the PEOPLE MUST TURN IN THEIR DOLLARS for dinars.  To do that THE DINAR must be STABLE AND HAVE VALUE.  To do that THEY MUST GIVE IT VALUE BEFORE ANY OF THE ABOVE CAN TAKE PLACE.  
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Iraqi Dinar/Dollar auction (most recent listing) 03-22-16

Currency Auctions Announcement No. 3162

This daily currency auction was held in the Central Bank of Iraq on the 03-22-2016

The results were as follows:

More: http://dinarupdates.com/observer/
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Poppy3 – PROGRESS HAS BEEN TREMENDOUS IN THEIR MARKETPLACE AND LEGAL DEPARTMENTS BUT THAT DOESNT GET US PAID.  WE REMAIN IN THE DARK ON REFORM OF CBI BANKING, FULLY FUNDING THE BUDGET. MANY THINK ARTICLE 8 BRINGS RV BUT IT IS JUST ANOTHER STEP IN THE RIGHT DIRECTION.  THE RV IS COMING AND JUST LIKE YEARS PASSED THE TIMING IS AND HAS BEEN THE ONLY THING WE DO NOT KNOW. WE ARE IN THE BEST POSITION EVER TO BECOME WINNERS FOR OUR FAMILIES BUT THAT TIMING AND DATE OR THE AMOUNT OF THIS BLESSING IS PURE GUESS WORK.
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rcookie – WHEN YOU CONSIDER ALL OF THE RECENT NEWS AND DIRECT RELEVANCE TO PROGRESS AND STATUS FOR THE EVENT WE ARE LOOKING FOR…ALONG WITH IMF LOI/MEFP/TECH MOU…ARTICLE VIII PROCESS & STATUS…WTO ACCESSION UNDERSTANDING & STATUS…THESE THINGS WILL HELP YOU SLEEP MUCH BETTER..
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tman23 – Iraq IQD was to be a special situation…And a country that had an imposed rate because of war but for years carried a $3 plus rate… It is logical to believe the imposed rate could be lifted and return to the $2.85 – $3 plus that it carried for 50 plus years…
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Millionday – UNDERSTAND THAT THE INCLUSION OF SUCH A GREAT NUMBER OF COUNTRIES AND BUSINESSES TO START BACK UP THE TOURISM >>INDUSTRY<< IT TAKES THE ABILITY TO EXCHANGE THEIR CURRENCY OBVIOUSLY — MAKES NO SENSE ANY OTHER WAY.   SO…THE GOAL IS TO EXPAND THE MARKET WITHIN IRAQ — THIS IS GOING TO RAISE THE GDP AND MAKE THEM A SUSTAINABLE COUNTRY WITH WHAT RESOURCES THEY HAVE AS WITH ALL MARKETS.   [post 2 of 2]
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Millionday – SO NICE TO KNOW THAT IRAQ IS MOVING TOWARD A FREE MARKET GLOBAL ECONOMY.    FIRST LET ME SAY THE SECURITY IN IRAQ HAS IMPROVED REPORTEDLY — HOWEVER SOME INTERNATIONAL INVESTORS ARE NOT FEELING IT.  Article quote:  “…Barzani kicked off a tourism conference in Erbil on Saturday, saying that participation by hundreds of foreign companies from more than two dozen countries amid an economic crisis in Kurdistan “is a great support” to both Kurdish tourism and people.”  …ONE OF THE MARKETS TO DIVERSIFY THE MARKET (GDP) OF IRAQ IS TOURISM…IT HAS ALWAYS BEEN A GOAL OF MANY.   [post 1 of 2….stay tuned]
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Tlar – The question in my mind is only this.  Is the government considered stable enough.  That is a question left to better minds than I have, but in my mind, the Iraqi government is as stable even with all its problems, as many who are openly trading in the world. No promises and don’t hold me too it but I think Iraq is on track to join the world economy whether the government is done or not.  I am still very hopeful that it is this month on or before March 31st.  There are more than just a few signs that at least that is a target in my mind.  Whether they hit it maybe another thing altogether.
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Tlar – The political problems are serious and hopefully they will be resolved as fast as they can be peacefully.  I believe the economic problems will also be resolved when they are ready to be resolved.  Most folks in dinar land see these two issues as intertwined and it may well be, but I tend to think of these two issues as separate issues meaning they are not necessarily intertwined whereby the political issues have to be resolved first in order for the economy to be started.  I see them as two separate issues with equal importance. There are many countries with political issues that still have internationally accepted currencies.
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Tlar – Article:  “Abadi moved away from his promise to form a government of technocrats”   […Abadi can’t just make changes without Parliamentary approval its unconstitutional, it’s exactly what Maliki was trying to do.]   You are right on that statement but he could get rid of the proxy ministers because they are under a one year mandate and replace them with recommended technocrat proxies of his own…  He is trying too hard to do the right thing and to get hostile blocks like the SOL to be on board.  Either way change has to come and its got to come quick or Abadi will pay a price.  The last resort to dismiss the government and then resign leaves too wide an opening for Maliki.
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wmawhite – There are numerous issues at play… the move into the international markets is totally separate from the reforms being pushed ay Abadi. The price of oil is secondary to the move into Article 8.  Once Iraq can order that rice from Thialand and pay for it with an account with IQD in it then there will be no need for the auctions.  When that happens…and we believe the IMF gave us a timeframe then it is best for Iraq to conduct business at a value that will not kill them financially…their true value.
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wmawhite – Here is some information that I believe tells you exactly where we are: Iraq: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding December 22, 2015:  12. The spread between the official and the parallel foreign exchange market rate receded to around 2 percentage points since August…  19. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.  Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.   folks…if you wonder what remains to be done in order for Iraq to move into Article 8…there it is…dated December 22, 2015.
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Tlar – Article:  “Governor of the Central Bank of Iraq will receive substantial financial support soon”   Iraq still needs loans even after they change the value of their currency and they need huge infusion of capital because fiscally, they are still draining whether they raise the value of their currency or not.  The advantages to raising the value are many…1st is investment.  With an international Article Viii currency companies are more apt to invest large sums in Iraq because they see an easy path to get their money out.  Secondly, it will stop the auctions because there usefulness will have run its course due to Iraqi companies not needing to convert to USD before they pay.  No more remittances needed.  No more systemic theft through the auctions.  Third they will be pulling in dollars and letting dinars out as long as the rate is attractive enough, meaning the spread between the program rate and street rate disappears.  Auctions will no longer be a vehicle with which speculators make a short profit and devalue the dinar and the CBI is expecting a resurgence in people coming back to use the banks again.  These and many other reasons by raising the rate and going to Article VIII, will help Iraq immensely...
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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
______________________________________________________________

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