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 – 02.19.2015

http://www.cbi.iq/

______________________________________________________________

What this country needs is more unemployed politicians. – Edward Langley

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

wmawhite – the price of oil has very little to do with Iraq entering the economy market during the 1st half of 2016.  [but it might effect the price of their currency.]  No…it will not.  The price of oil has dropped over 60% and the change in the value of the Kuwaiti Dinar changed $0.20…20 cents.  The KWD went from $3.55 to $3.35 per dinar.  [right but Iraq has no price at this point, Kwd is already established.]   Of course they know what the true value of the IQD is…how else could the IMF tell the world that Iraq is expected to enter the economy market in 2016.  IMO…central banks do not go changing their values every time their GDPs change…their goal is to provide stability in their currency…IMO, they know where they want to be and IMO we will see it soon.
______________________________________________________________

rcookie – THIS IS GONNA BE A BUSY WEEKEND… ABADI WILL BE IN PARLIAMENT ON SATURDAY TO DISCUSS CABINET RESHUFFLE ISSUE.  SATURDAY VOTE ON AMNESTY.  SUNDAY VOTE ON ACCOUNTABILITY & JUSTIC (DEBAATHIFICATION).
______________________________________________________________

Poppy3 – …reported to me IRAN…IRAQ NOT ONLY EFFECTING US IT IS HOLDING UP THE ENTIRE CBI WANTING AND NEEDING TO RAISE THEIR RATE AND ARE ASKING IRAQ CBI TO GET ON WITH REFORM. REPORTED THEY ARE STALLING RECOVERY FOR THE ENTIRE MIDDLE EAST. …I STILL THINK THEY WILL ANNOUNCE NEW RATE SOMETIME BETWEEN NOW AND THE END OF THE FIRST WEEK OF MARCH. TIME WILL TELL BUT I LIKE WHERE WE ARE TODAY…ALSO MY OPINION ABADI RESIGNING IS JUST A SHOW HE’S NOT GOING ANYWHERE HE HAS WORKED TO HARD TO GET THEM HEADED THE RIGHT DIRECTION.
______________________________________________________________

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

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

(just click and ask to join… enjoy!!)

______________________________________________________________

BGG – Abadi is fighting a MASSIVE FIGHT against corruption…he’s about to deal them a MASSIVE blow…usually when Abadi takes out one corrupt player he axes three – just for good measure.  Malik, Najafi, Allawi.. I am pretty sure this whole cabinet reform will result in a different appointment than Alak…to the CBI…IMHO – Alak has obviously been a Maliki obstructionist agent… thru Alak they have CONTINUED syphoning the CBI reserves and helping Iran thru the last stages of this time period…THEY WERE GETTING RICH (ER) while doing it… it’s probably that simple.
______________________________________________________________

wmawhite – IMO, a lot of what we are seeing are the foundations of the institutions of a future Iraq being put into place. These institutions is what will give Iraq the opportunity to succeed in the future long after they enter the world markets.
______________________________________________________________

Frank26 – …there was an article that came out last month…very interesting…it says…An Invitation to Link the Iraqi Dinar to Global Economics…Think about the seriousness of that article…you are talking about the Iraqi dinar that is on a program rate…and you are discussing the possibilities of what it can do in a global economic environment.  Why? …because they are about to change the value of this currency to enter that international arena…that article gives me chills.
______________________________________________________________

BGG – […are we looking at something happening within the next 3 to 6 months still?]  IMHO a lot less than you are thinking… but maybe a bit longer than some are thinking…especially with this GOI “reforming”…
______________________________________________________________

Delta – what else is left to do…Allak threw this party yesterday…why…to show his hand…to prove to people he can do the job…he’s going to look like the hero now…I’ve read this contract maybe 10 times and maybe I’m reading it wrong…but indirectly the IMF is telling Iraq you have to show me a new rate by the end of February…now the I-TEAM is saying a similar thing…watch for something to come from the CBI on the Arabic side…IMO…if they are following the IMF game plan then we should see a rate by the end of this month.   [post 2 of 2]
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-18-15 

Currency Auctions Announcement No. 3140

This daily currency auction was held in the Central Bank of Iraq on the 02-18-2015

The results were as follows:

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

Delta – This is all exciting indeed…it will be exciting to see what that next move is going to be before the end of this month…looking back at the IMF contract and all the things they are telling them to do…to be Article 8 compliant…they have a couple of hard fast things they must do by the end of February…not just with the Investment Law…but lifting restrictions on the exchange rate.  So basically they need a true rate.  [post 1 of 2….stay tuned]
______________________________________________________________

firefly – Everything is lining up for a fairy  tale ending!  I’m soooo excited…!  Now the IMF is giving them a deadline of the end of February to draft and ADOPT prior to March?  Coincidence?  [Are you… feeling that we have a good chance of reaching our goal by the end of this month?]   IMO it can happen at the blink of an eye.
______________________________________________________________

Frank26 – They have told you again…and again what they are doing with their currency…they just haven’t told you when…and yet they have narrowed it down because the IMF and the US went in there and said you are going to get this stuff done by the first half of this year.  …to summarize…the best thing for me to tell you is that the CBI is looking over their bow for the right opportunity to take that shot…and you don’t see much if anything from the CBI…you are seeing everything from the GOI because that is where the movement of the Monetary Reform is at right now.  So what is the next step… LD’s…when…I would say in March.  So that is why we are looking for an announcement Family…from the CBI that they are raising the value of their currency.
______________________________________________________________

Backdoc – […it is nice to see iraq and iran working together to make money…what happened to iran going global on the 18th?  is that still in play or is there a delay…?]  REMEMBER THOSE WERE THEIR WORDS! AND TO SOME EXTENT WE SEE THAT UNFOLDING BEFORE OUR EYES! SOMETIME BETWEEN NOW AND MID YEAR ALL WILL BE COMPLETE.  BE PATIENT FOR IT TO SHOW AND CHOOSE JOY!  IMO.  [well it is not hard to see iran is more then ready…here is to hoping that after the cbi gets done celebrating maybe they will make time to get there monetary reforms done.]  IRAQ IS NOT DONE BECAUSE ITS NOT THEIR TURN YET! SOON! SOON!  IMO.
______________________________________________________________

tman23 – [so is Abadi also resigning]   No…he is not resigning… My understanding is that some Ministers will released and the special committee will vett the new technocrats selected. The CoM is responsible for approving the Governor of the CBI.   This scenario will be the most interesting.   Basically Abadi is going to have carte blanch for a short period…   [post 2 of 2]
______________________________________________________________

tman23 – The chatter is…during the Abadi reshuffle the government may move into a caretaker status government until the approval and seating of technocrats… Does make sense as Parliament and Political heads have given approval for Abadi reforms…And the 90 day “mini dictator” would work quit well to squash any immediate problems that arise thus avoiding the red tape political road blocks… AND the same appears to be taking place inside the KRG… As one article put it…Save the country or Save the government?  Those were the 2 choices.  [post 1 of 2….stay tuned]
______________________________________________________________

Breitling – Iran is not going to attack Iraq.  The majority of the people in Iraq are Shia and the majority of the people in Iran are Shia so there is going to be a lot of trading going on so that’s supply times velocity.  That’s positive for Iraq’s economy.  It’s fundamental…  Articles are saying Iran is on a spending spree.  They’re out buying the best jets they can get from the west so people can fly from one city to the next in Iran and they’re opening up their business world… Guess who one of their biggest business partner is?  It’s Iraq.   That’s positive.  I don’t see anything negative coming down the road.  Iraq has the massive dollar reserve so they can spend money…a percentage of their oil went down but they also gained it back on the value of the US dollar going up.  They also gained because they reduced their note count.   It’s really remarkable it really is.  It makes me feel good…things will come to a head coming up soon…
______________________________________________________________

Backdoc – TONIGHT I WANT FOLKS TO PUT IN PERSPECTIVE WHERE WE ARE IN THIS GAME OF MONETARY REFORM. THE IMF TOLD US IRAQ WOULD ENTER THE WORLD IN THE FIRST HALF OF THIS YEAR, SO UNLESS THEY TELL US DIFFERENT YOU CAN TAKE THAT TO THE BANK BECAUSE THEY ARE ULTIMATELY IN CONTROL AND ALWAYS TELL THE TRUTH!  WHY DOESN’T IRAQ COMPLETE ITS REMAINING LAWS?  WELL FOR ONE IT’S BECAUSE OIL PRICES NEED TO BE HIGHER! TODAY WAS A HUGE PUSH TOWARDS THAT REALITY!  FOR SOME TIME NOW IRAQ HAS BEEN READY!  IRAQ COULD HAVE FINISHED LONG AGO BUT IRAN, S.A., AND RUSSIA WOULD NOT HAVE BEEN READY! THATS WHY THE IMF SAID THE FIRST HALF OF THE YEAR! WHEN WILL WE SEE THIS ON OUR LEVEL? HOPEFULLY SOON …
______________________________________________________________

BGG – The governor of the bank on the Keywords “The central bank is responsible for holding the currency auction Under the law, which he considers responsible for the stability of the exchange rate,” noting that “it is theoretically possible that the Ministry of Finance to conduct an auction currency, but in practical terms is possible.”  Looks a lot like – to me…Alak is “beset” on all sides…over the last few days – numerous articles out about “no confidence” in him…potential removal...whatever the final outcome – there seems to be some real movement (as there has to be) on the part of the GOI against the CBI – or bad CBI policy…and corruption…looks like there is big movement underway – is this directly “Dinar-centric”?  It would be hard to see where it doesn’t impact the value of the Dinar.  I think there is a lot more to this story we don’t know… but Alak under the gun is good (as far as I’m concerned).
______________________________________________________________

rcookie – [This is the printed agenda. I don’t see amnesty or fed ct here…didn’t they say Thursday?]  AMNESTY WAS PUSHED TO SUNDAY OR MONDAY…FED COURT TO EARLY MARCH… UNBELIEVABLE.
______________________________________________________________

wmawhite – All of this activity is IMO in support of Iraq’s move into the international currency/commercial markets.  In order for Iraq to survive it’s financial institutions must be able to operate both domestically and internationally…thus all of what we are seeing.   If their intention was to do nothing and continue to live off of the USD…then why bother with all of these changes… why sign agreements with the IMF…why bother telling the world that they are ready for their investments? Why?  Because they are working towards a definitive date to make huge changes in their monetary system.   [post 2 of 2]
______________________________________________________________

Poppy3 – NOW WE HAVE UNITED NATIONS BAN KI MOON TRAVELING TO IRAQ WITH OTHER WORLD LEADERS TO BE THERE THE FIRST OF MARCH? WHY?
______________________________________________________________

Adam Montana – I am still impressed and encouraged by Abadi’s very steady and consistent progress with so many things in the GOI…we are still miles and miles ahead of where we were a decade ago. There was a LOT to get done to get this far…We have come a long way, and I’m sure most of you realize that we’re missing one big piece right now.  I’ve been harping on it for a while now. You know what it is… HCL. So the question at this point is “Will the HCL ever happen”?  Well, consider one thing…the price of oil. Has the price of oil changed, or are we seeing a major reason for it to? Not really. And I don’t think this is a coincidence, but there’s also been a distinct lack of discussion on the HCL lately as well.  When oil starts moving again, then HCL will ramp back up, and that’s what I’m keyed in on right now.
______________________________________________________________

Bruce – I would say we are almost home with what I heard today. I been asked to keep all Intel basically to a minimum. It’s very close.  We are just coasting the rest of the way in.   Iran and Iraq are good to go!   Alot going on behind scenes, we are soon to see everything internationally…it’s just a matter of just being notified at any time and any day! 
______________________________________________________________

wmawhite – The IMF, Goi and CBI all have signed a Letter of Intent in which it is stated paragraph #19 that the government “will” move away from the MCPs which are in place because of the auctions. Remove MCPs, i.e. no auctions, means IQD must have international acceptance.   …the IMF stated in November that their expectation was for Iraq to enter the economy market the 1st half of 2016...never before in 6 years do I remember the IMF making such a statement.  [post 1 of 2….stay tuned]
______________________________________________________________

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 – 02.18.2015

http://www.cbi.iq/

______________________________________________________________

Men are like steel. When they lose their temper, they lose their worth. – Chuck Norris

______________________________________________________________

*** Current Posts ***

______________________________________________________________

BGG – Abadi is fighting a MASSIVE FIGHT against corruption…he’s about to deal them a MASSIVE blow…usually when Abadi takes out one corrupt player he axes three – just for good measure.  Malik, Najafi, Allawi.. I am pretty sure this whole cabinet reform will result in a different appointment than Alak…to the CBI…IMHO – Alak has obviously been a Maliki obstructionist agent… thru Alak they have CONTINUED syphoning the CBI reserves and helping Iran thru the last stages of this time period…THEY WERE GETTING RICH (ER) while doing it… it’s probably that simple.
______________________________________________________________

wmawhite – IMO, a lot of what we are seeing are the foundations of the institutions of a future Iraq being put into place. These institutions is what will give Iraq the opportunity to succeed in the future long after they enter the world markets.
______________________________________________________________

Frank26 – …there was an article that came out last month…very interesting…it says…An Invitation to Link the Iraqi Dinar to Global Economics…Think about the seriousness of that article…you are talking about the Iraqi dinar that is on a program rate…and you are discussing the possibilities of what it can do in a global economic environment.  Why? …because they are about to change the value of this currency to enter that international arena…that article gives me chills.
______________________________________________________________

BGG – […are we looking at something happening within the next 3 to 6 months still?]  IMHO a lot less than you are thinking… but maybe a bit longer than some are thinking…especially with this GOI “reforming”…
______________________________________________________________

Delta – what else is left to do…Allak threw this party yesterday…why…to show his hand…to prove to people he can do the job…he’s going to look like the hero now…I’ve read this contract maybe 10 times and maybe I’m reading it wrong…but indirectly the IMF is telling Iraq you have to show me a new rate by the end of February…now the I-TEAM is saying a similar thing…watch for something to come from the CBI on the Arabic side…IMO…if they are following the IMF game plan then we should see a rate by the end of this month.   [post 2 of 2]
______________________________________________________________

Delta – This is all exciting indeed…it will be exciting to see what that next move is going to be before the end of this month…looking back at the IMF contract and all the things they are telling them to do…to be Article 8 compliant…they have a couple of hard fast things they must do by the end of February…not just with the Investment Law…but lifting restrictions on the exchange rate.  So basically they need a true rate.  [post 1 of 2….stay tuned]
______________________________________________________________

firefly – Everything is lining up for a fairy  tale ending!  I’m soooo excited…!  Now the IMF is giving them a deadline of the end of February to draft and ADOPT prior to March?  Coincidence?  [Are you… feeling that we have a good chance of reaching our goal by the end of this month?]   IMO it can happen at the blink of an eye.
______________________________________________________________

Frank26 – They have told you again…and again what they are doing with their currency…they just haven’t told you when…and yet they have narrowed it down because the IMF and the US went in there and said you are going to get this stuff done by the first half of this year.  …to summarize…the best thing for me to tell you is that the CBI is looking over their bow for the right opportunity to take that shot…and you don’t see much if anything from the CBI…you are seeing everything from the GOI because that is where the movement of the Monetary Reform is at right now.  So what is the next step… LD’s…when…I would say in March.  So that is why we are looking for an announcement Family…from the CBI that they are raising the value of their currency.
______________________________________________________________

Backdoc – […it is nice to see iraq and iran working together to make money…what happened to iran going global on the 18th?  is that still in play or is there a delay…?]  REMEMBER THOSE WERE THEIR WORDS! AND TO SOME EXTENT WE SEE THAT UNFOLDING BEFORE OUR EYES! SOMETIME BETWEEN NOW AND MID YEAR ALL WILL BE COMPLETE.  BE PATIENT FOR IT TO SHOW AND CHOOSE JOY!  IMO.  [well it is not hard to see iran is more then ready…here is to hoping that after the cbi gets done celebrating maybe they will make time to get there monetary reforms done.]  IRAQ IS NOT DONE BECAUSE ITS NOT THEIR TURN YET! SOON! SOON!  IMO.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

tman23 – [so is Abadi also resigning]   No…he is not resigning… My understanding is that some Ministers will released and the special committee will vett the new technocrats selected. The CoM is responsible for approving the Governor of the CBI.   This scenario will be the most interesting.   Basically Abadi is going to have carte blanch for a short period…   [post 2 of 2]
______________________________________________________________

tman23 – The chatter is…during the Abadi reshuffle the government may move into a caretaker status government until the approval and seating of technocrats… Does make sense as Parliament and Political heads have given approval for Abadi reforms…And the 90 day “mini dictator” would work quit well to squash any immediate problems that arise thus avoiding the red tape political road blocks… AND the same appears to be taking place inside the KRG… As one article put it…Save the country or Save the government?  Those were the 2 choices.  [post 1 of 2….stay tuned]
______________________________________________________________

Breitling – Iran is not going to attack Iraq.  The majority of the people in Iraq are Shia and the majority of the people in Iran are Shia so there is going to be a lot of trading going on so that’s supply times velocity.  That’s positive for Iraq’s economy.  It’s fundamental…  Articles are saying Iran is on a spending spree.  They’re out buying the best jets they can get from the west so people can fly from one city to the next in Iran and they’re opening up their business world… Guess who one of their biggest business partner is?  It’s Iraq.   That’s positive.  I don’t see anything negative coming down the road.  Iraq has the massive dollar reserve so they can spend money…a percentage of their oil went down but they also gained it back on the value of the US dollar going up.  They also gained because they reduced their note count.   It’s really remarkable it really is.  It makes me feel good…things will come to a head coming up soon…
______________________________________________________________

Backdoc – TONIGHT I WANT FOLKS TO PUT IN PERSPECTIVE WHERE WE ARE IN THIS GAME OF MONETARY REFORM. THE IMF TOLD US IRAQ WOULD ENTER THE WORLD IN THE FIRST HALF OF THIS YEAR, SO UNLESS THEY TELL US DIFFERENT YOU CAN TAKE THAT TO THE BANK BECAUSE THEY ARE ULTIMATELY IN CONTROL AND ALWAYS TELL THE TRUTH!  WHY DOESN’T IRAQ COMPLETE ITS REMAINING LAWS?  WELL FOR ONE IT’S BECAUSE OIL PRICES NEED TO BE HIGHER! TODAY WAS A HUGE PUSH TOWARDS THAT REALITY!  FOR SOME TIME NOW IRAQ HAS BEEN READY!  IRAQ COULD HAVE FINISHED LONG AGO BUT IRAN, S.A., AND RUSSIA WOULD NOT HAVE BEEN READY! THATS WHY THE IMF SAID THE FIRST HALF OF THE YEAR! WHEN WILL WE SEE THIS ON OUR LEVEL? HOPEFULLY SOON …
______________________________________________________________

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

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

(just click and ask to join… enjoy!!)

______________________________________________________________

BGG – The governor of the bank on the Keywords “The central bank is responsible for holding the currency auction Under the law, which he considers responsible for the stability of the exchange rate,” noting that “it is theoretically possible that the Ministry of Finance to conduct an auction currency, but in practical terms is possible.”  Looks a lot like – to me…Alak is “beset” on all sides…over the last few days – numerous articles out about “no confidence” in him…potential removal...whatever the final outcome – there seems to be some real movement (as there has to be) on the part of the GOI against the CBI – or bad CBI policy…and corruption…looks like there is big movement underway – is this directly “Dinar-centric”?  It would be hard to see where it doesn’t impact the value of the Dinar.  I think there is a lot more to this story we don’t know… but Alak under the gun is good (as far as I’m concerned).
______________________________________________________________

rcookie – [This is the printed agenda. I don’t see amnesty or fed ct here…didn’t they say Thursday?]  AMNESTY WAS PUSHED TO SUNDAY OR MONDAY…FED COURT TO EARLY MARCH… UNBELIEVABLE.
______________________________________________________________

wmawhite – All of this activity is IMO in support of Iraq’s move into the international currency/commercial markets.  In order for Iraq to survive it’s financial institutions must be able to operate both domestically and internationally…thus all of what we are seeing.   If their intention was to do nothing and continue to live off of the USD…then why bother with all of these changes… why sign agreements with the IMF…why bother telling the world that they are ready for their investments? Why?  Because they are working towards a definitive date to make huge changes in their monetary system.   [post 2 of 2]
______________________________________________________________

Poppy3 – NOW WE HAVE UNITED NATIONS BAN KI MOON TRAVELING TO IRAQ WITH OTHER WORLD LEADERS TO BE THERE THE FIRST OF MARCH? WHY?
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-18-15 

Currency Auctions Announcement No. 3140

This daily currency auction was held in the Central Bank of Iraq on the 02-18-2015

The results were as follows:

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

Adam Montana – I am still impressed and encouraged by Abadi’s very steady and consistent progress with so many things in the GOI…we are still miles and miles ahead of where we were a decade ago. There was a LOT to get done to get this far…We have come a long way, and I’m sure most of you realize that we’re missing one big piece right now.  I’ve been harping on it for a while now. You know what it is… HCL. So the question at this point is “Will the HCL ever happen”?  Well, consider one thing…the price of oil. Has the price of oil changed, or are we seeing a major reason for it to? Not really. And I don’t think this is a coincidence, but there’s also been a distinct lack of discussion on the HCL lately as well.  When oil starts moving again, then HCL will ramp back up, and that’s what I’m keyed in on right now.
______________________________________________________________

Bruce – I would say we are almost home with what I heard today. I been asked to keep all Intel basically to a minimum. It’s very close.  We are just coasting the rest of the way in.   Iran and Iraq are good to go!   Alot going on behind scenes, we are soon to see everything internationally…it’s just a matter of just being notified at any time and any day! 
______________________________________________________________

wmawhite – The IMF, Goi and CBI all have signed a Letter of Intent in which it is stated paragraph #19 that the government “will” move away from the MCPs which are in place because of the auctions. Remove MCPs, i.e. no auctions, means IQD must have international acceptance.   …the IMF stated in November that their expectation was for Iraq to enter the economy market the 1st half of 2016...never before in 6 years do I remember the IMF making such a statement.  [post 1 of 2….stay tuned]
______________________________________________________________

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 – 02.17.2015

http://www.cbi.iq/

______________________________________________________________

Labor disgraces no man; unfortunately, you occasionally find men who disgrace labor. – Ulysses S. Grant

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Backdoc – IF IRAN WAS RIGHT ABOUT ITS TRADING PARTNER WE SHOULD BE APPROACHING THE 18TH GREEN SOON!  […it seems to me that Iran just might rv their currency first.]   NO IMO! THEY WILL BE REVEALED TOGETHER…  Article quote:  “Central Bank of Iran (CBI) allocated special code and password to reconnect Refah Kargaran Bank to SWIFT…”    ASSUMING THEY BOTH HAVE LAUNCHED ON THE 8TH WE WAIT FOR “THE LESS THAN A MONTH”, FOR THEM BOTH TO GO TOGETHER!
______________________________________________________________

wmawhite – [Has the old guard lost leverage throughout the MOF CBI etc and does Abadi have the the US and IMF total support?]  …the IMF is steering this ship (the CBI) more than the Governor of the CBI). Once the IMF is ready to step aside then you will see the changes at the CBI…IMO.  The Technical Letter of Agreement are no different than a contract…there is no wiggle room…it states that the government “will” do.  Prior to publishing the Letter of Agreement the IMF stated that they expect Iraq to enter the economy market…well, they are not part of those markets because they have nothing to join with…so, we are going to see soon what we are looking for.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Frank26 – …nobody knows the date or the rate…but…the evidence that is being told to us right now is telling us they are doing something.  …when was the GREEN given to Dr. Shabibi at the CBI.   …March 3rd...usually things are contracted for 90 days…six months…up to a year…IMO….this deal they have with the CBI is going to expire very soon.  If they don’t raise the value of their currency do you think that permission to do so will be null and void…?  I can tell you that we are there...   Abadi is cleaning the GOI…that is good.  I don’t really care what the GOI is doing because I only care about what the CBI is about to announce…the power of the CBI is within the hands…IMO…of Dr. Shabibi…in my DEEP opinion…I think the LD’s are next…or… should be the next step or simultaneously with the rate increase…I feel that the LD’s are the spark of light to the Monetary Reform of Dr. Shabibi and his banks in Iraq.
______________________________________________________________

Poppy3 –  … .80 CENTS…WILL NOT PULL IN ANY DINAR…HAS TO BE $1.20 OR BETTER TO BRING DOLLARS IN.  ANTICIPATE NO LESS THAN A $1.25 BUT I STILL THINK IN MERELY DAYS THE $3.00 PLUS RATE. CAN’T FILL THE BUDGET WITH ANYTHING LESS. THEY MAY TRY TO DRAW IN USD FOR A FEW DAYS BUT I REALLY DOUBT IT.
______________________________________________________________

tlm724 – “The Commission on Economy and Investment in Parliament on Tuesday that the launch of loans to support the private sector will not be random and will organize accurately.  It is said that Prime Minister Haider al-Abadi instructed by firing supporting the private sector’s 5 trillion dinars loan in the coming days.”   ya know what this is? all the announcements from yesterday pertain to a strategic plan to usher in the free market…a market economy finally!   I’m excited, just sayin.
______________________________________________________________

Backdoc – LET IT BE CLEAR I’M NOT PICKING ANY DATE, OK? WHAT I SHARE IS FROM WHAT I DERIVE FROM ARTICLES I STUDY WITH NO INTEL!  ALL APPEARS TO BE ON SCHEDULE…WE BELIEVE IMPLEMENTATION DAY IS CLOSE!  OZ ALSO TOLD ME THAT DR. SHABIBI WOULD BE GIVEN THE PRIVILEGE TO PUSH THE GREEN LIGHT IN GRATITUDE FOR HIS LOYAL COMMITMENT TO THE IMF AND HIS NEWLY DEMOCRATIC COUNTRY!  OZ SAID HE GRACIOUSLY ACCEPTED AND WOULD COUNT IT AS A PRIVILEGE.   [post 2 of 2]
______________________________________________________________

Backdoc – SMARTER FOLKS ARE INVESTING IN ASSET BACKED CURRENCIES LIKE THE DINAR WHICH SHOULD FIND ITS GLOBAL NEW REALITY VALUE TO SHOW OFF SOON!  IRAQ HAS PROMISED TO IMPLEMENT THE FEDERAL COURT LAW AND AMNESTY LAW THIS WEEK PAVING THE WAY FOR DR. SHABBI.  THE TIMING OF THIS IS NO SURPRISE SINCE IRAN SAID THEY ARE TRADING PARTNERS WITH IRAQ! IRAN SAID THEY WOULDN’T RE-ENTER THE WORLD WITHOUT IRAQ, AND THEY SAID THEY WOULD START THEIR RE-ENTRY IN 2 WEEKS WHICH WAS THE 8TH, AND IT WOULD TAKE LESS THAN A MONTH WHICH LANDS US AROUND THE 18TH!  [post 1 of 2….stay tuned]
______________________________________________________________

Backdoc & Mountainman – Article quote:  “Iran has started implementing SWIFT codes in its banking transactions since yesterday…”  IS THERE ANY DOUBT NOW WHETHER IRAN WAS TELLING US THE TRUTH ABOUT THE 18TH?   NOW C’mon ABADI/IRAQ…Let’s GO!!!
______________________________________________________________

Holly – [longtime – DU Researcher]   Iraq Source Quote:  “Did you know that the value of the Iraqi dinar less than the value of the Somali shilling???  with this Anhab our currency and we hope back and become the highest currency in the world”  he said a couple days ago central already has fix exchange rate…stable 1-1.  I know he has been telling his peeps about the exchange rate…and talking about currency change.
______________________________________________________________

BGG – “…Central Bank Governor Ali al-allaq, on Saturday, more than 140 billion dollars in State institutions including banks, stressing that the increase in the dollar exchange rate is not in the interests of the citizen...”  Which means…1st – Alaq talks as though an increase in the Dinar “has happened, is happening, or will happen... – 2nd – they may have to throw this idiot in JAIL – which also sounds like it might be on the way…  In summation – think on this…for those who imagine they are being duped…and this isn’t REAL… THE CURRENT GOV OF THE CBI – is displaying an opposite view… (3rd option – he’s just throwing up smoke – like the Chinese did – 48 hours before they amped up their currency by 20% – reference WSJ)…this guy is a POLITICAL APPOINTEE – NOT QUALIFIED! 
______________________________________________________________

firefly – Contrary to articles this is the 1st time EVERYBODY is on the same page!  I LOVE where we are sitting and the process unfolding before our very eyes. Fascinating!
______________________________________________________________

DELTA – IT LOOKS LIKE CBI IS READY!!
______________________________________________________________

Poppy3 – GOT A CALL…THEY HAVE OVER HALF ALL THE REQUIREMENTS FOR FULL MEMBERSHIP TO THE WTO WHICH IS ALSO NEEDED FOR INTERNATIONAL ACCEPTANCE.   [But to my understanding, a country doesn’t have to belong to the WTO to do international business.]   …THEY BEEN A GUEST MEMBER FOR SEVERAL YEARS BUTEVEN THOUGH THEY COULD TRADE WITHOUT FULL MEMBERSHIP…IT WILL BE VERY VERY LIMITED WHOM WOULD TRADE WITH THEM WHEN THEIR CURRENCY WASNT ACCEPTED GLOBALLY. 
______________________________________________________________

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

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

(just click and ask to join… enjoy!!)

______________________________________________________________

tlm724 – Article quote:  “A source in Nineveh province, on Monday, that the 25 billion Iraqi dinars belonging to organize funds (Daash) burned as a result of the bombing of Flight International Coalition for building the Central Bank and buildings three banks, in the city of Mosul…”   that article has a silver lining.  The burning of 25 billion Iraqi dinars bombed the Central Bank building and the three banks in Mosul…thats 25 billion dinars, give or take, off the street, out of circulation…sorry for the people and businesses etc … but it is good news.
______________________________________________________________

Aggiedad77 – Article quote: “the US Treasury Department will issue a list of the names of persons and banks Iraqi civil will be blocked to deal with it and book Banking conversions and includes the names of a number of members of the Iraqi government and militia leaders list and politicians, businessmen and banks Iraqi charges of laundering and smuggling of money.”  [Does this mean that they are ready to allow people to start exchanging the IQD?  it looks like a method to keep the crooks and thugs identified by the CBI from exchanging their stash of cash?]  As much as we would like it to be time…I’m not thinking this is any signal of that sort…merely a good positive indicator that the UST is willing to work seriously with the CBIGOI to identify and bring the smuggling criminals to justice…we obviously have a much larger arm of the law that reaches around the world for this kind of stuff and seeing a cooperative effort is…IMO…a very positive thing.
______________________________________________________________

Poppy3 – STILL HEARING THE SAME REPORTS THAT RATE WILL SHOW BY MARCH 1. TIME WILL TELL.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-16-15 

Currency Auctions Announcement No. 3138

This daily currency auction was held in the Central Bank of Iraq on the 02-16-2015

The results were as follows:

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

tman23 – THIS IS ALL CONFIRMED AND ALSO IN INK…IT IS FACT.   SO, DID THEY NEED GOVERNMENT, SECURITY, ALL THESE DIFFERENT LAWS IN PLACE?   NOPE!   AND 2012 WAS NO BANNER YEAR…REMEMBER, MALIKI WAS TRYING TO GET MONY FROM THE CBI EARLIER.   The CBI sets monetary policy for IRAQ…Not Abadi, not the GOI, not Parliament.  And everything does not need to be done…everything is never done! All it has to be is in motion and headed towards the right/favored direction. [post 2 of 2]
______________________________________________________________

tman23 – Fact is…September 27, 2012 the Chairman of the Parliament Finance Committee made an announcement that they planned on raising the 3 zeros by the first of the year (2013) AND providing that the new currency would be ready by that time.  THIS WAS IN PRINT…IN INK.   Shabibi shortly there after went to Japan to what was advertised as a “trade convention” BUT what we learned later during this past issd post 2015 summit was that the “trade convention” …whelp …was an actual meeting with members of the issd and banking representatives.  The day of the meeting Maliki had the court issue the warrant for Shabibi…  AND POINT BEING…   [post 1 of 2….stay tuned]
______________________________________________________________

BGG – what a great time to be in this…we are watching it happen… right in front of us.
______________________________________________________________

Hub – if you were a citizen of iraq at this point would you want to remove the dollar…now why would you not want to remove the dollar, a simple answer, the dinar has no tradable value…do we have an idea how to change this situation?   yes get the dollar off the street, but the alternative has to be available immediately, so raise the stinkin value and the dollar will disappear from iraq
______________________________________________________________

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 – 02.14.2015

______________________________________________________________

A “progressive” income tax means this: The harder you work, the more you are punished. – Will Spencer

______________________________________________________________

*** Current Posts ***

______________________________________________________________

mike – …it’s tough to say when Iraq will add value to the dinar.  They’ve got some hurdles to get over before we can even think about when they add value, stuff like deposit insurance, banking reforms and Article VIII to name a few.  I’ve always placed more importance and value on information from the folks at the IMF, WB and others, and if they say they have a plan for the first half of 2016, then it just might happen.
______________________________________________________________

Poppy3 – can’t help but think DR SHABIBI IS LAYING OUT THE LIST OF CORRUPT MINISTERS OF WHO NEEDS TO BE REMOVED AS THEY MOVE FORWARD. REMEMBER… ABADI WAS PISSED OFF AND CORRUPTION RESOLUTION WAS NOT MOVING FAST ENOUGH…WELL HE IS MOVING FAST NOW.  [Sounds like Abadi has a deadline to meet!]  …THEY ALL HAVE THEIR LIST TO COMPLETE AND HIS IS TO STOP THE INTERNAL CORRUPTION. 
______________________________________________________________

Happy Valentine’s Day!!

______________________________________________________________

rcookie – I HAVE IRAQS YEARLY GDP & PPP DATA…IRAQ RANKS 51 OF 229 COUNTRIES 249.4 (PPP IN BILLIONS)…GDP REAL GROWTH RATE % IRAQ RANKS 73 OF 219 COUNTRIES 4.2%.  THEY HAVE THE STRONGEST BUDGET DEFICIT RATIO IN THE REGION…IN THE REGION…IN THE REGION…AGAINST COUNTRIES NOT FIGHTING A WAR…ESTABLISHED ECONOMIES AND INTERNATIONALLY ACCEPTED CURRENCY’S…OPERABLE STOCK MARKETS…ETC.
______________________________________________________________

Aggiedad77 – Well…well…what a wake up call for a Saturday morning…do you know where your Central Bank governor is and what his name is…yet another article…actually two articles that say Allak is not getting the job done and needs to be replaced...this time it comes from an Iraqi cleric…Sadr…so they finally see that Allak is merely a Maliki puppet…they want someone who is capable of working in an efficient and impartial manner…In other words someone who knows what the heck is going on and how to turn things around…someone of integrity… who should be above corruption at all levels of enticement…that sure sounds like Dr. Shabibi to me…Keep in mind this is yet another “suggestion” to PM Abadi and no action has been forthcoming as yet…but IMO…just a matter of time…give Abadi time to get home from Germany and let’s watch with interest all that transpires.
______________________________________________________________

Frank26 – Whereas many Currency’s are positioning themselves to do International Business with Iraq …SOME … Are being FORCED … Leaving NO CHOICE but to … Succeed.   You know what else?  M [Maliki] and Allack Know they are leaving on a jet plane … They also Know DRS [Dr. Shabibi] is coming back.
______________________________________________________________

Poppy3 – [Press Release:  “Workshop on Price Index Compilation Issues”…”IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues”  IRAQ’S INTERNATIONAL RATE IS COMPLETED! THEY WILL ANNOUNCE IT SOON TO THE WORLD.]  WELL I DONT KNOW THE SOURCE THAT SENT IT TO ME BUT IT IS VERY EXCITING NEWS AND NAMES THE RIGHT PEOPLE IN CORRECT ORDER.

BGG ~ I am aware of the source and the content and context of this workshop… this is not their conclusion.

______________________________________________________________

Stryker – Breaking News Today:  Sadr calls for Central Bank of Iraq’s Governor to be replaced by a more competent and experienced economist.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

rcookie – Press Release Quote:  “The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) and the Statistics Department held a workshop on “Price Index Compilation Issues” in Beirut, Lebanon from February 1-5, 2016.”    MANY OF THESE INITIATIVES BEING WORKED ON AT THESE WORKSHOPS…ARE THE VERY THINGS THEY ARE BEING TASKED TO DO WITH IMF LOI/MEFP/TECH MOU…AND THESE WORKSHOPS ARE BUILT STRATEGICALLY AROUND REVIEW PERIODS…IF YOU READ THE 2016 BUDGET…THE VARIOUS LOI/MEFP/TECH MOU’S AND SMP (STAFF MONITORED PROGRAM)…AND THE METAC WORKSHOP AGENDAS….THERE IS ABSOLUTELY NO DOUBT AS TO THE CO-AUTHORING PARTNERSHIP BETWEEN IRAQ AND IMF & WB TOWARD THEIR ECONOMIC & MONETARY REFORM ACTION PLAN.
______________________________________________________________

Kaperoni – Article: “Economic parliamentary: financial and monetary situation is controlled and the central bank plans to put the task”    …we all know parliament has tried to get involved in CBI affairs for a while. And to have them come out now in support of the plan is great news. It for sure puts an end to the controversy of sorts by saying, (I’m paraphrasing) we saw the plan, we understand it and we are in full support of what they are doing.  Which IMO, should put an end to back and forth bickering and different viewpoints.
______________________________________________________________

FrostytheSnowman – Article quote:  “Oil prices are rebounding Friday after hitting a low not seen since 2003.”    You’ve aligned yourself in a SWEETHEART position(s) with the LOWEST COST EXTRACTION WINNERS …as the world’s addiction to oil makes it’s way towards a new reality…and soon to be…your new reality! Congrats your patience is about to pay off!!!  All in my “frozen” opinion.
______________________________________________________________

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

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

(just click and ask to join… enjoy!!)

______________________________________________________________

wmawhite – …to change a culture of greed and corruption is never accomplished overnight…thankfully, PM Abadi has taken the first steps to make those changes.   here is a question for all of us involved, “do you think that the IMF was aware of these issues back in November 2015 when they stated their expectations was for Iraq to enter the economy market during the 1st half of 2016?”  Answer: OF COURSE THEY WERE AWARE OF THESE ISSUES!
______________________________________________________________

tman23 – The market and investors do not like UNCERTAINTY…And uncertainty has hurt both the KRG and GOI.  Barzani said last month that the KRG will have it’s government issues solved before the beginning of March. Abadi appears to be on the same fast track with the GOI.   The question becomes…with the reshuffling of the deck in Iraq government positions…how plausible is it to see a change in value of the currency until the new people are seated and the dust settles?
______________________________________________________________

Kaperoni – Article quote:  “…Chairman of Committee for Economy and Investment parliamentary…We found plans and initiatives of the task of the central bank to achieve its objectives, including the development goals”  Parliament has met with the CBI, and now knows the plan.  They are clearly stating here “We found plans and initiatives…”  So now we have parliament fully supporting the CBI and the plans (with the help of the IMF).
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-14-15 

Currency Auctions Announcement No. 3136

This daily currency auction was held in the Central Bank of Iraq on the 02-14-2015

The results were as follows:

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

Millionday – [Does the huge amount of dinar in circulation and still being sold have any bearing on the right time to RV?]   NO — IT HAS A BEARING ON THE LIQUIDITY ON THE STREETS AND WHAT IS NEEDED IN THE BANK`S LIQUIDITY NEEDED IN THE COUNTRY — ALSO THE GLOBAL PRICING —GDP.
______________________________________________________________

Poppy3 – …I HAVE JUST BEEN SETTING BACK WATCHING THE EVENTS TAKE PLACE DAILY…WE ARE IN THE DRIVER SEAT…THEY CAN GET WHERE THEY NEED TO BE AT ANYTIME AND RELEASE THE NEW RATE. 
______________________________________________________________

Frank26 – I-TEAM and I had a conversation today…in that conversation I expressed to them that IMO we are looking at a very serious potential of them removing the program rate, lifting Article 8 by the end of March…and they said…more than likely it won’t be March…because in their opinion they are looking at February.
______________________________________________________________

wmawhite – [With the MOU in mind, and the end of Feb target date for Article 8, etc…With the dissatisfaction with the finance minister and IMF mandates not being followed…Is that Feb timeline in  jeopardy?]  No where is it in any IMF document that the end of February 2016 is a target date for Article 8. However, it is easy for us to tie the two together.  For those folks who have studied the Technical Letter of Agreement and MoU…it is very obvious that the IMF, GOI and CBI are shooting for a major event in the near future…IMO…and that is in keeping with what they told the world that Iraq is expected to join the economy market during the 1st half of 2016.
______________________________________________________________

Poppy3 – …I CAN TELL YOU SECURITY AND ISIS ARE NOT A HOLDUP…BECAUSE ISIS IS NOT OR NEVER HAVE BEEN IN CONTROL OF ANYTHING IN IRAQ…NOT ONE OIL FIELD…NOT ONE DAM…NOT ONE BANK…ALL MADE UP NEWS TO MAKE THE NEW MORE SENSATIONAL. YES IRAQ HAS PROBLEMS INTERNAL AND SOME MISGUIDED MANAGEMENT BUT THEY ARE GETTING IT CORRECTED FAST TO MEET DEADLINES OUTLINED TO THEM FOR COMPLETION OF THEIR FINANCIAL REFORM TO CONTROL INFLATION, GROW ECONOMY, HEAD OFF INFLATION, AND INCREASE THEIR GDP.  ALL PROGRESS IS IN THE RIGHT DIRECTION AND AS LONG DAILY WE ARE NOT STATUS AND MOVING FORWARD WE WILL GET TO THE NEW RATE…
______________________________________________________________

Millionday – …REMEMBER THE STEPS THAT IRAQ IS EXPECTED TO TAKE THIS MONTH.  THE STEPS ARE A LONG LIST BUT ACCORDING TO THE IMF AGREEMENT FOR IRAQ TO HAVE DONE BY THE END OF THIS MONTH DUE TO THE PLANNED MOVE TO ARTICLE 8 — THEY HAVE TO PEG WITH THE US DOLLAR — REMOVE DISTORTED EXCHANGE RATES FOR INTERNATIONAL CURRENCIES TO BRING IN INVESTORS…THE LIST GOES ON — IT IS VERY LONG WITH MANY MANY DONE.
______________________________________________________________

SteveI – [I trust Steve’s info that Mosul must be free before any currency revaluation.]  …my information is very accurate. I have verified this from many sources. You simply cannot introduce new lower domination’s of currency to banks in an ongoing war zone, especially Mosul which is in the heart of the Kurdistan region.
______________________________________________________________

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 – 02.13.2015

http://www.cbi.iq/

______________________________________________________________

Nobody made a greater mistake than he who did nothing because he could only do a little. – Edmund Burke

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Frank26 – Whereas many Currency’s are positioning themselves to do International Business with Iraq …SOME … Are being FORCED … Leaving NO CHOICE but to … Succeed.   You know what else?  M [Maliki] and Allack Know they are leaving on a jet plane … They also Know DRS [Dr. Shabibi] is coming back.
______________________________________________________________

Poppy3 – [Press Release:  “Workshop on Price Index Compilation Issues”…”IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues”  IRAQ’S INTERNATIONAL RATE IS COMPLETED! THEY WILL ANNOUNCE IT SOON TO THE WORLD.]  WELL I DONT KNOW THE SOURCE THAT SENT IT TO ME BUT IT IS VERY EXCITING NEWS AND NAMES THE RIGHT PEOPLE IN CORRECT ORDER.
______________________________________________________________

Stryker – Breaking News Today:  Sadr calls for Central Bank of Iraq’s Governor to be replaced by a more competent and experienced economist.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

rcookie – Press Release Quote:  “The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) and the Statistics Department held a workshop on “Price Index Compilation Issues” in Beirut, Lebanon from February 1-5, 2016.”    MANY OF THESE INITIATIVES BEING WORKED ON AT THESE WORKSHOPS…ARE THE VERY THINGS THEY ARE BEING TASKED TO DO WITH IMF LOI/MEFP/TECH MOU…AND THESE WORKSHOPS ARE BUILT STRATEGICALLY AROUND REVIEW PERIODS…IF YOU READ THE 2016 BUDGET…THE VARIOUS LOI/MEFP/TECH MOU’S AND SMP (STAFF MONITORED PROGRAM)…AND THE METAC WORKSHOP AGENDAS….THERE IS ABSOLUTELY NO DOUBT AS TO THE CO-AUTHORING PARTNERSHIP BETWEEN IRAQ AND IMF & WB TOWARD THEIR ECONOMIC & MONETARY REFORM ACTION PLAN.
______________________________________________________________

Kaperoni – Article: “Economic parliamentary: financial and monetary situation is controlled and the central bank plans to put the task”    …we all know parliament has tried to get involved in CBI affairs for a while. And to have them come out now in support of the plan is great news. It for sure puts an end to the controversy of sorts by saying, (I’m paraphrasing) we saw the plan, we understand it and we are in full support of what they are doing.  Which IMO, should put an end to back and forth bickering and different viewpoints.
______________________________________________________________

FrostytheSnowman – Article quote:  “Oil prices are rebounding Friday after hitting a low not seen since 2003.”    You’ve aligned yourself in a SWEETHEART position(s) with the LOWEST COST EXTRACTION WINNERS …as the world’s addiction to oil makes it’s way towards a new reality…and soon to be…your new reality! Congrats your patience is about to pay off!!!  All in my “frozen” opinion.
______________________________________________________________

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

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

(just click and ask to join… enjoy!!)

______________________________________________________________

wmawhite – …to change a culture of greed and corruption is never accomplished overnight…thankfully, PM Abadi has taken the first steps to make those changes.   here is a question for all of us involved, “do you think that the IMF was aware of these issues back in November 2015 when they stated their expectations was for Iraq to enter the economy market during the 1st half of 2016?”  Answer: OF COURSE THEY WERE AWARE OF THESE ISSUES!
______________________________________________________________

tman23 – The market and investors do not like UNCERTAINTY…And uncertainty has hurt both the KRG and GOI.  Barzani said last month that the KRG will have it’s government issues solved before the beginning of March. Abadi appears to be on the same fast track with the GOI.   The question becomes…with the reshuffling of the deck in Iraq government positions…how plausible is it to see a change in value of the currency until the new people are seated and the dust settles?
______________________________________________________________

Kaperoni – Article quote:  “…Chairman of Committee for Economy and Investment parliamentary…We found plans and initiatives of the task of the central bank to achieve its objectives, including the development goals”  Parliament has met with the CBI, and now knows the plan.  They are clearly stating here “We found plans and initiatives…”  So now we have parliament fully supporting the CBI and the plans (with the help of the IMF).
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-11-15 

Currency Auctions Announcement No. 3135

This daily currency auction was held in the Central Bank of Iraq on the 02-11-2015

The results were as follows:

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

Millionday – [Does the huge amount of dinar in circulation and still being sold have any bearing on the right time to RV?]   NO — IT HAS A BEARING ON THE LIQUIDITY ON THE STREETS AND WHAT IS NEEDED IN THE BANK`S LIQUIDITY NEEDED IN THE COUNTRY — ALSO THE GLOBAL PRICING —GDP.
______________________________________________________________

Poppy3 – …I HAVE JUST BEEN SETTING BACK WATCHING THE EVENTS TAKE PLACE DAILY…WE ARE IN THE DRIVER SEAT…THEY CAN GET WHERE THEY NEED TO BE AT ANYTIME AND RELEASE THE NEW RATE. 
______________________________________________________________

Frank26 – I-TEAM and I had a conversation today…in that conversation I expressed to them that IMO we are looking at a very serious potential of them removing the program rate, lifting Article 8 by the end of March…and they said…more than likely it won’t be March…because in their opinion they are looking at February.
______________________________________________________________

wmawhite – [With the MOU in mind, and the end of Feb target date for Article 8, etc…With the dissatisfaction with the finance minister and IMF mandates not being followed…Is that Feb timeline in  jeopardy?]  No where is it in any IMF document that the end of February 2016 is a target date for Article 8. However, it is easy for us to tie the two together.  For those folks who have studied the Technical Letter of Agreement and MoU…it is very obvious that the IMF, GOI and CBI are shooting for a major event in the near future…IMO…and that is in keeping with what they told the world that Iraq is expected to join the economy market during the 1st half of 2016.
______________________________________________________________

Poppy3 – …I CAN TELL YOU SECURITY AND ISIS ARE NOT A HOLDUP…BECAUSE ISIS IS NOT OR NEVER HAVE BEEN IN CONTROL OF ANYTHING IN IRAQ…NOT ONE OIL FIELD…NOT ONE DAM…NOT ONE BANK…ALL MADE UP NEWS TO MAKE THE NEW MORE SENSATIONAL. YES IRAQ HAS PROBLEMS INTERNAL AND SOME MISGUIDED MANAGEMENT BUT THEY ARE GETTING IT CORRECTED FAST TO MEET DEADLINES OUTLINED TO THEM FOR COMPLETION OF THEIR FINANCIAL REFORM TO CONTROL INFLATION, GROW ECONOMY, HEAD OFF INFLATION, AND INCREASE THEIR GDP.  ALL PROGRESS IS IN THE RIGHT DIRECTION AND AS LONG DAILY WE ARE NOT STATUS AND MOVING FORWARD WE WILL GET TO THE NEW RATE…
______________________________________________________________

Millionday – …REMEMBER THE STEPS THAT IRAQ IS EXPECTED TO TAKE THIS MONTH.  THE STEPS ARE A LONG LIST BUT ACCORDING TO THE IMF AGREEMENT FOR IRAQ TO HAVE DONE BY THE END OF THIS MONTH DUE TO THE PLANNED MOVE TO ARTICLE 8 — THEY HAVE TO PEG WITH THE US DOLLAR — REMOVE DISTORTED EXCHANGE RATES FOR INTERNATIONAL CURRENCIES TO BRING IN INVESTORS…THE LIST GOES ON — IT IS VERY LONG WITH MANY MANY DONE.
______________________________________________________________

SteveI – [I trust Steve’s info that Mosul must be free before any currency revaluation.]  …my information is very accurate. I have verified this from many sources. You simply cannot introduce new lower domination’s of currency to banks in an ongoing war zone, especially Mosul which is in the heart of the Kurdistan region.
______________________________________________________________

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 – 02.11.2015

http://www.cbi.iq/

______________________________________________________________

The price of freedom is the willingness to do sudden battle, anywhere, at any time, and with utter recklessness. – Robert Heinlein

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Kaperoni – Article:  “Director General of the General Administration of Customs, Mr. Kazim Ali Abdullah dialogue on the application of the customs tariff in Iraq outlets ”  Quote:  “Mr. Director General of the General Administration of Customs also said that the customs tariff and a national duty by everyone and it’s not just revenue but rather a tool of monetary policy tools and targeting many goals for the Treasury.”   Inflation caused by tariffs and investment is what will raise the value of the dinar.
______________________________________________________________

Mountainman – Well IMO…IT’s ALMOST PAYDAY.
______________________________________________________________

Frank26 – As a TEAM we are noticing since the start of December into January The CBI keeps announcements to themselves…In Arabic.  Also Many MEETINGS…In Private environments…Like personal Palaces… Masques… Green  Zone. Indeed  Something is afoot.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Millionday – Press Release quote: “Officials from national statistical offices who are involved in the compilation of price statistics in the Middle East and North Africa (MENA) region attended the workshop…The countries represented included: Afghanistan, Egypt, Iraq, Jordan, Lebanon, Pakistan, Sudan, and West Bank and Gaza.”  THE IMF HELD THE WORKSHOP TO ASSIST THE MIDDLE EASTERN REGION IN >> >THE PRICE INDEX <<<.     [so the countries in the meeting were picked because they need to have a level playing field with each other?]  IT DID NOT SAY IN INK — HOWEVER THEY ALL WERE THERE TO LEARN EITHER THE NEW POLICIES OR CALCULATION OR LEARN WHAT THEY ARE DOING WRONG OR LEARN HOW TO APPLY ETC — SO VERY INTERESTING THAT 8 COUNTRIES WERE INCLUDED…
______________________________________________________________

BGG – Article quotes:  “…announced that the Ministry of Commerce, said that next week will see the opening of the second Iranian specialized exhibition on the land of the Baghdad International Fair…for a period of 16 – 19 of February…”   [So how close does all this get us to the RV?  What else has to be done?]  IMHO – we are already VERY CLOSE.  Iraq has very few options. The IMF is in an advisory role. THEY KNOW…
______________________________________________________________

Kaperoni – Article:  “Iraq and Iran sign MoU for scientific cooperation technical areas”  Quote:  “Iraq has signed represented by the Ministry of Higher Education and Scientific Research, a memorandum of understanding for cooperation with Iran in technical areas and joint programs.”   I don’t see any reason to think Iraq and Iran would initiate simultaneous floats, as they are completely different countries, banking systems and circumstances.  Could they both end up floating?, sure as most countries do float.
______________________________________________________________

Breitling – The question is not, can they add value to their currency.   You should be asking how long can they keep it artificially low because the CBI, the Ministry of Planning, the Ministry of Finance and the generals who were actually ahead of the coalition government talked about how they had to add more US dollars and dinars and inject it into the economy to keep the value artificially low because it was becoming too popular.  Those are direct quotes from General Petraeous…
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-11-15 

Currency Auctions Announcement No. 3135

This daily currency auction was held in the Central Bank of Iraq on the 02-11-2015

The results were as follows:

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

rcookie – TALK ABOUT INVESTMENTS….THIS IRANIAN EXHIBITION IS IN BAGHDAD NEXT WEEK…AND LOOK AT ALL THE SECTORS REPRESENTED…  Article quotes:  “…announced that the Ministry of Commerce, said that next week will see the opening of the second Iranian specialized exhibition on the land of the Baghdad International Fair…for a period of 16 – 19 of February…”  “...with the participation of 70 different and diverse Among those companies, the terms of reference company healthy companies and construction companies, housing, water and electricity companies and oil and gas companies and companies technical and engineering services and food companies…”  BIGGEST TRADE PARTNER…ALL BORDER CROSSING POINTS WITH IRAN OPERABLE!!!…GAME ON!!!
______________________________________________________________

Poppy3 – LOTS OF $$$$$ BEING RECOVERED BUT GUESS WHAT…THERE IS ANOTHER FEDERAL LAW THAT IS NOT IN FORCE…SO WITHOUT IT THEY CAN’T KEEP THESE CROOKS IN JAIL BUT THEY ARE KEEPING THE CURRENCY. ABADI CALLING A SPECIAL MEETING TO GET THIS LAW COMPLETED. THATS THE WORD…FROM BAGDAD.  PEOPLE ON THE STREETS THINK THE WIDOWS, ORPHANS, RETIRED MILITARY CARDS WILL BE CHARGED BEFORE THE END OF THE MONTH AND A ENTICING RATE WILL BE PLACED ON THE DINAR TO GET IN AS MUCH AS POSSIBLE FOR AS MUCH AS 30 DAYS THEN IF ALL QUALIFICATION HAVE BEEN COMPLETED A GLOBAL RATE FOR US. TIME WILL TELL BUT THATS WHAT THE STREETS PEOPLE ARE EXPECTING.
______________________________________________________________

Backdoc – IF THE IMF GETS ITS WAY FOR IRAQ ON LETTING IT CHANGE CURRENCIES FREELY FOR INVESTMENTS WE MAY SEE A MERGING OF ALL SCENARIOS AROUND A WINDOW OF THE 15TH TO THE 22ND AS JUST A BALL PARK!  THAT WOULD GIVE ENOUGH FLEXIBILITY FOR IRANS STATEMENTS OF LESS THAN A MONTH TO BE ACCURATE!  EITHER WAY WE ARE CLEARLY HEADED QUICKLY TO IMPLEMENTATION DAY MY FRIENDS! IRAN WANTS TO BE PAID AND…THEY WON’T DO THIS WITHOUT THEIR TRADING PARTNER IRAQ, SINCE THEY SHARE INCOME PROPERTIES AND NEED TO HAVE COMPATIBLE CURRENCIES!
______________________________________________________________

 Andre Nero

5 hrs

I don’t believe God will put anything in our hands that we won’t live long enough to enjoy.

STAND STLL…IT WILL COME TO US!

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

______________________________________________________________

rcookie – Article:  “Oil Minister calls for the restoration of the national oil company”  NATIONAL OIL COMPANY LAUNCH PLANS IN ECONOMIC SYMPOSIUM YESTERDAY HOSTED BY OIL MINISTER ABDUL MAHDI…WITH GROUP OF OIL EXPERTS AND ECONOMISTS…AND THE ROLE AS ALTERNATIVE TO DISPERSION IN THE OIL INDUSTRY NOW… MEANING REFORM DIFFERENCES LIKE…NATIONAL SOVEREIGNTY… ECONOMIC DEVELOPMENT…SERVICE CONTRACT REWRITES… ECONOMIC OPENESS…AND OUTLINES THE IRAQI ECONOMY OPERATING IN 4 STAGES… AGRICULTURE…OIL…WAR..AND WHAT IS TO COME…   THIS IS THE VEHICLE THAT IS GOING TO GET OIL SHARES TO CITIZENS...THIS IS HUGE AND RESOLVES MANY OF THE PROBLEMS THEY HAVE WITH LICENSING CONTRACTS…AND PUT THE DEALING WITH DIVERSE ENTITIES…
______________________________________________________________

Frank26 – …the US troops who were entering into that battlefield of Fallujah were stopped…because they are taking care of what is going on in Baghdad instead…what is going on in Baghdad…the reforms of their country.  The reforms that are going on right now in the GOI…in Parliament are happening now because we came in and we are in control…because in all honesty both Abadi and Sistani asked the US to come in and do this…IMO.  Abadi can make the announcement about the change in their rate…but Abadi cannot appoint the rate, he cannot activate it…only Dr. Shabibi can do that.
______________________________________________________________

Delta – …DO YOU REMEMBER THIS ANNOUNCEMENT FROM CBI ON 12/20.?  Quote:  “To all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies ( foreign exchange rate ).  We would like to inform you that the exchange rate by international standards is still under study…”  I’M SURPRISED NO ONE IS JUMPING ON THIS ARTICLE!  CBI WAS WAITING FOR THE STUDY TO BE DONE FOR THE EXCHANGE RATE.
______________________________________________________________

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!!)

______________________________________________________________

tlm724 – Article quote:  “the Kurds are trying to stay within the framework of Iraq, does not intend to declare a Kurdish state immediately after the holding of the referendum process.”   kurds aren’t going anywhere, too much at stake… they were crying wolf.  Quote:   “We will not announce independence at the moment,” adding, “We’re just talking about the right of the Kurds…”   see just talk!
______________________________________________________________

Adam Montana – [If Obama’s Agreement with Iran goes forth and, as I interpret some of the verbiage, Iran COULD take over Iraq…Now, wouldn’t that just about finish this dream of ours for an RV? Couldn’t they eliminate our current Dinar and use theirs?] I could write a book on this question, and I understand why you ask it because a lot of people are confused on it. If you want my opinion and are willing to take my thoughts on it, let me just say one thing: Iran is NOT going to take over Iraq. 
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-10-15 

Currency Auctions Announcement No. 3134

This daily currency auction was held in the Central Bank of Iraq on the 02-10-2015

The results were as follows:

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

Breitling – statement “I don’t think Iraq has what it takes or can add value to its currency.”  Here’s the problem.  I said this a million times.  Iraq’s currency does not have a value problem of it going down.  Iraq’s currency was artificially directed down.  The question is, how are they getting away with keeping the value down so low?  You had General Petraeous, you had the CBI talking about the process they’re going through and how they are artificially keeping the currency down so they can build their economy and give themselves an advantage.  Why people skip over this I do not understand.  They are not like gee…I hope we can add value to it and maybe it will work out.  It’s completely opposite.  It should be at a $1.25 minimum right now if they didn’t screw with the note count….It’s never been a question if they can add value to their currency.  
______________________________________________________________

BGG – Article quote:  “…It is noteworthy that Iraq is going through an economic crisis because of lower oil prices, Anvaqath in the war against al “Daash”, as he emphasized Abadi, on more than one occasion, that Iraq will emerge from the financial crisis in stronger…”  …as I read the news out of Iraq – it plainly lines up (over and over) with what we have been saying AND it generally points to some major economic event in the future. Numerous articles… some vague – some pointed are all saying the same thing. Iraq is in dire straights (or was) for a solution…one thing you can be assured of – since the IMF is now in a direct advisory capacity – they will succeed.
______________________________________________________________

Adam Montana – I’m reserving my comments on the dinar situation for a short time.  I’m going to wait on a few developing items before I spend my usual time on it. I like what I’m seeing in Iraq right now, but I can’t announce an RV yet, so I’m holding off.  There’s a small to medium chance that I’ll come back later today or tomorrow with a further update, but that depends on Iraq.
______________________________________________________________

Breitling – Iraq’s currency is not at market rate it’s artificially kept down.  So they can’t go any lower than what it is at today, they simply can’t.  So what do they have to do if the price per barrel goes down?  They actually have to add value to make up for what it is they’re loosing…because their currency is so artificially low they are in the position to…be able to add value to their currency.  There is multiple things they can use their currency for as a hedge and they they have a huge advantage.
______________________________________________________________

rcookie – NOW THINK ABOUT ALL OF THIS…FIGHTING THE LARGEST WAR ON THE MOST ABHORRENT TERRORISTIC GROUP IN HISTORY OF MANKIND…BROAD REFORMS ACROSS ENTIRE CULTURAL SPECTRUM…AND MAINTAINING THE BEST BUDGET DEFICIT RATIO IN THE ENTIRE REGION…ALL WITH A NON INTERNATIONAL RECOGNIZED ARTIFICIALLY SUPPRESSED CURRENCY…MASS POVERTY AND 30% UNEMPLOYMENT…AND MAINTAINED 2.3% INFLATION.
______________________________________________________________

Bruce – [new Guru] …waiting for great blessing, cant be too far away from it as I understand.   Things are happening very much behind the scenes, looking for completion of this very soon. Everything we are hearing is moving this things along nicely, not much longer to wait.  I am very encouraged what I have heard.
______________________________________________________________

Kaperoni – Article:  “IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues”  I have stated for some time that as inflationary pressure is created (from tariffs and investment through the CBI Capital Account) the counter is to raise the value of the dinar (ie the float).  This event, seems to be preparing Iraq for those changes that occur as a result of a market economy, international investment, etc.
______________________________________________________________

wmawhite – Using this as an example, when the cards inside of Iraq are “loaded” in IQD it does not make any difference what the value of the IQD is IF the cards are being used solely inside Iraq.  […are they loading the cards for people outside of Iraq that lives in another country?]  Correct, and that is what we are expecting within the 1st half of 2016.
______________________________________________________________

Frank26 – …it is FEBRUARY 8th…we believe deep in our hearts that victory is about to be claimed in certain cities that are extremely important and if we get these cities and we have the SECURITY…not only of the banks but the citizens and everything you need…then you can make a type of announcement that I think a lot of people are waiting to hear.
______________________________________________________________

Backdoc – LAST NIGHT WAS THE 8TH!  LAUNCH DAY ACCORDING TO IRAN!    IRAN, OF COURSE SAID THEY WOULD BEGIN TO ENTER THE WORLD AGAIN IN TWO WEEKS WHICH AS I SAID IS AROUND THE 8TH! THEN THEY SAID IT WOULD BE SLOWLY BUT WOULD TAKE LESS THAN A MONTH IN TOTAL! THAT GIVES US A WINDOW AS THEY SAY AROUND THE 18TH OF FEB., GIVE OR TAKE!  NOW OUR JOB IS TO PAY ATTENTION TO SEE WHO TALKS NEXT!  THE IMF IS REQUESTING THAT IRAQ ALLOW CURRENCIES TO BE EXCHANGED FREELY SO THAT INVESTMENTS WILL NOT BE IMPAIRED. THEY ARE REQUESTED TO DO IT THIS MONTH! BINGO! LESS THAN A MONTH!
______________________________________________________________

wmawhite – I believe the IMF and the WB know more about Iraq than the Iraqis…and never before has the IMF stated very clearly what their expectations are for Iraq…and they did it …and then they followed up with two documents outlining step by step as to what is being accomplished…and you may ask, why? Why provide the world with this information. It is suppose to be a big secret. Wrong. Iraq is wanting the world to know. They want the world to come to Iraq. There is no secret. The challenge is understanding want you are given.  [post 2 of 2]
______________________________________________________________

wmawhite – The IMF, GOI, CBI stated that the government was going to do certain things and in the mid time/by the end of February 2016 two items would be accomplished.  This Technical LoI/MoU was written in November 2015 and published in December…well by the time we saw it…those two items to be accomplished by the end of February HAD already be completed.  They were the Investment Law and the AML Law.  The point is that the CBI and GOI are ahead of what the IMF has agreed with them to accomplish.  […so with all of the very positive news and accomplishments in Iraq, What are we waiting on? Bottom line?]  I am waiting on Iraq to enter the markets during the 1st half of 2016.  [post 1 of 2….stay tuned]
______________________________________________________________

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 – 02.10.2015

______________________________________________________________

If Socialists Understood Economics, They Wouldn’t Be Socialists – Freidrich Von Hayek

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Frank26 – …the US troops who were entering into that battlefield of Fallujah were stopped…because they are taking care of what is going on in Baghdad instead…what is going on in Baghdad…the reforms of their country.  The reforms that are going on right now in the GOI…in Parliament are happening now because we came in and we are in control…because in all honesty both Abadi and Sistani asked the US to come in and do this…IMO.  Abadi can make the announcement about the change in their rate…but Abadi cannot appoint the rate, he cannot activate it…only Dr. Shabibi can do that.
______________________________________________________________

Delta – …DO YOU REMEMBER THIS ANNOUNCEMENT FROM CBI ON 12/20.?  Quote:  “To all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies ( foreign exchange rate ).  We would like to inform you that the exchange rate by international standards is still under study…”  I’M SURPRISED NO ONE IS JUMPING ON THIS ARTICLE!  CBI WAS WAITING FOR THE STUDY TO BE DONE FOR THE EXCHANGE RATE.
______________________________________________________________

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!!)

______________________________________________________________

tlm724 – Article quote:  “the Kurds are trying to stay within the framework of Iraq, does not intend to declare a Kurdish state immediately after the holding of the referendum process.”   kurds aren’t going anywhere, too much at stake… they were crying wolf.  Quote:   “We will not announce independence at the moment,” adding, “We’re just talking about the right of the Kurds…”   see just talk!
______________________________________________________________

Adam Montana – [If Obama’s Agreement with Iran goes forth and, as I interpret some of the verbiage, Iran COULD take over Iraq…Now, wouldn’t that just about finish this dream of ours for an RV? Couldn’t they eliminate our current Dinar and use theirs?] I could write a book on this question, and I understand why you ask it because a lot of people are confused on it. If you want my opinion and are willing to take my thoughts on it, let me just say one thing: Iran is NOT going to take over Iraq. 
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-10-15 

Currency Auctions Announcement No. 3134

This daily currency auction was held in the Central Bank of Iraq on the 02-10-2015

The results were as follows:

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

Breitling – statement “I don’t think Iraq has what it takes or can add value to its currency.”  Here’s the problem.  I said this a million times.  Iraq’s currency does not have a value problem of it going down.  Iraq’s currency was artificially directed down.  The question is, how are they getting away with keeping the value down so low?  You had General Petraeous, you had the CBI talking about the process they’re going through and how they are artificially keeping the currency down so they can build their economy and give themselves an advantage.  Why people skip over this I do not understand.  They are not like gee…I hope we can add value to it and maybe it will work out.  It’s completely opposite.  It should be at a $1.25 minimum right now if they didn’t screw with the note count….It’s never been a question if they can add value to their currency.  
______________________________________________________________

BGG – Article quote:  “…It is noteworthy that Iraq is going through an economic crisis because of lower oil prices, Anvaqath in the war against al “Daash”, as he emphasized Abadi, on more than one occasion, that Iraq will emerge from the financial crisis in stronger…”  …as I read the news out of Iraq – it plainly lines up (over and over) with what we have been saying AND it generally points to some major economic event in the future. Numerous articles… some vague – some pointed are all saying the same thing. Iraq is in dire straights (or was) for a solution…one thing you can be assured of – since the IMF is now in a direct advisory capacity – they will succeed.
______________________________________________________________

Adam Montana – I’m reserving my comments on the dinar situation for a short time.  I’m going to wait on a few developing items before I spend my usual time on it. I like what I’m seeing in Iraq right now, but I can’t announce an RV yet, so I’m holding off.  There’s a small to medium chance that I’ll come back later today or tomorrow with a further update, but that depends on Iraq.
______________________________________________________________

Breitling – Iraq’s currency is not at market rate it’s artificially kept down.  So they can’t go any lower than what it is at today, they simply can’t.  So what do they have to do if the price per barrel goes down?  They actually have to add value to make up for what it is they’re loosing…because their currency is so artificially low they are in the position to…be able to add value to their currency.  There is multiple things they can use their currency for as a hedge and they they have a huge advantage.
______________________________________________________________

rcookie – NOW THINK ABOUT ALL OF THIS…FIGHTING THE LARGEST WAR ON THE MOST ABHORRENT TERRORISTIC GROUP IN HISTORY OF MANKIND…BROAD REFORMS ACROSS ENTIRE CULTURAL SPECTRUM…AND MAINTAINING THE BEST BUDGET DEFICIT RATIO IN THE ENTIRE REGION…ALL WITH A NON INTERNATIONAL RECOGNIZED ARTIFICIALLY SUPPRESSED CURRENCY…MASS POVERTY AND 30% UNEMPLOYMENT…AND MAINTAINED 2.3% INFLATION.
______________________________________________________________

Bruce – [new Guru] …waiting for great blessing, cant be too far away from it as I understand.   Things are happening very much behind the scenes, looking for completion of this very soon. Everything we are hearing is moving this things along nicely, not much longer to wait.  I am very encouraged what I have heard.
______________________________________________________________

Kaperoni – Article:  “IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues”  I have stated for some time that as inflationary pressure is created (from tariffs and investment through the CBI Capital Account) the counter is to raise the value of the dinar (ie the float).  This event, seems to be preparing Iraq for those changes that occur as a result of a market economy, international investment, etc.
______________________________________________________________

wmawhite – Using this as an example, when the cards inside of Iraq are “loaded” in IQD it does not make any difference what the value of the IQD is IF the cards are being used solely inside Iraq.  […are they loading the cards for people outside of Iraq that lives in another country?]  Correct, and that is what we are expecting within the 1st half of 2016.
______________________________________________________________

Frank26 – …it is FEBRUARY 8th…we believe deep in our hearts that victory is about to be claimed in certain cities that are extremely important and if we get these cities and we have the SECURITY…not only of the banks but the citizens and everything you need…then you can make a type of announcement that I think a lot of people are waiting to hear.
______________________________________________________________

Backdoc – LAST NIGHT WAS THE 8TH!  LAUNCH DAY ACCORDING TO IRAN!    IRAN, OF COURSE SAID THEY WOULD BEGIN TO ENTER THE WORLD AGAIN IN TWO WEEKS WHICH AS I SAID IS AROUND THE 8TH! THEN THEY SAID IT WOULD BE SLOWLY BUT WOULD TAKE LESS THAN A MONTH IN TOTAL! THAT GIVES US A WINDOW AS THEY SAY AROUND THE 18TH OF FEB., GIVE OR TAKE!  NOW OUR JOB IS TO PAY ATTENTION TO SEE WHO TALKS NEXT!  THE IMF IS REQUESTING THAT IRAQ ALLOW CURRENCIES TO BE EXCHANGED FREELY SO THAT INVESTMENTS WILL NOT BE IMPAIRED. THEY ARE REQUESTED TO DO IT THIS MONTH! BINGO! LESS THAN A MONTH!
______________________________________________________________

wmawhite – I believe the IMF and the WB know more about Iraq than the Iraqis…and never before has the IMF stated very clearly what their expectations are for Iraq…and they did it …and then they followed up with two documents outlining step by step as to what is being accomplished…and you may ask, why? Why provide the world with this information. It is suppose to be a big secret. Wrong. Iraq is wanting the world to know. They want the world to come to Iraq. There is no secret. The challenge is understanding want you are given.  [post 2 of 2]
______________________________________________________________

wmawhite – The IMF, GOI, CBI stated that the government was going to do certain things and in the mid time/by the end of February 2016 two items would be accomplished.  This Technical LoI/MoU was written in November 2015 and published in December…well by the time we saw it…those two items to be accomplished by the end of February HAD already be completed.  They were the Investment Law and the AML Law.  The point is that the CBI and GOI are ahead of what the IMF has agreed with them to accomplish.  […so with all of the very positive news and accomplishments in Iraq, What are we waiting on? Bottom line?]  I am waiting on Iraq to enter the markets during the 1st half of 2016.  [post 1 of 2….stay tuned]
______________________________________________________________

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 – 02.09.2015

http://www.cbi.iq/

______________________________________________________________

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

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

wmawhite – Using this as an example, when the cards inside of Iraq are “loaded” in IQD it does not make any difference what the value of the IQD is IF the cards are being used solely inside Iraq.  […are they loading the cards for people outside of Iraq that lives in another country?]  Correct, and that is what we are expecting within the 1st half of 2016.
______________________________________________________________

Frank26 – …it is FEBRUARY 8th…we believe deep in our hearts that victory is about to be claimed in certain cities that are extremely important and if we get these cities and we have the SECURITY…not only of the banks but the citizens and everything you need…then you can make a type of announcement that I think a lot of people are waiting to hear.
______________________________________________________________

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

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

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

______________________________________________________________

Backdoc – LAST NIGHT WAS THE 8TH!  LAUNCH DAY ACCORDING TO IRAN!    IRAN, OF COURSE SAID THEY WOULD BEGIN TO ENTER THE WORLD AGAIN IN TWO WEEKS WHICH AS I SAID IS AROUND THE 8TH! THEN THEY SAID IT WOULD BE SLOWLY BUT WOULD TAKE LESS THAN A MONTH IN TOTAL! THAT GIVES US A WINDOW AS THEY SAY AROUND THE 18TH OF FEB., GIVE OR TAKE!  NOW OUR JOB IS TO PAY ATTENTION TO SEE WHO TALKS NEXT!  THE IMF IS REQUESTING THAT IRAQ ALLOW CURRENCIES TO BE EXCHANGED FREELY SO THAT INVESTMENTS WILL NOT BE IMPAIRED. THEY ARE REQUESTED TO DO IT THIS MONTH! BINGO! LESS THAN A MONTH!
______________________________________________________________

wmawhite – I believe the IMF and the WB know more about Iraq than the Iraqis…and never before has the IMF stated very clearly what their expectations are for Iraq…and they did it …and then they followed up with two documents outlining step by step as to what is being accomplished…and you may ask, why? Why provide the world with this information. It is suppose to be a big secret. Wrong. Iraq is wanting the world to know. They want the world to come to Iraq. There is no secret. The challenge is understanding want you are given.  [post 2 of 2]
______________________________________________________________

wmawhite – The IMF, GOI, CBI stated that the government was going to do certain things and in the mid time/by the end of February 2016 two items would be accomplished.  This Technical LoI/MoU was written in November 2015 and published in December…well by the time we saw it…those two items to be accomplished by the end of February HAD already be completed.  They were the Investment Law and the AML Law.  The point is that the CBI and GOI are ahead of what the IMF has agreed with them to accomplish.  […so with all of the very positive news and accomplishments in Iraq, What are we waiting on? Bottom line?]  I am waiting on Iraq to enter the markets during the 1st half of 2016.  [post 1 of 2….stay tuned]
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-09-15 

Currency Auctions Announcement No. 3133

This daily currency auction was held in the Central Bank of Iraq on the 02-09-2015

The results were as follows:

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

Millionday – [So Does Reform include to Revalue the currency?]  THE REQUIREMENTS LISTED BY THE IMF OR SHOULD I SAY ORDERS TO BE DONE DO INCLUDE THE REMOVAL OF THE DISTORTED RATE AND COMPLIANCE WITH INTERNATIONAL STANDARDS — THIS WOULD BE THE CALCULATION OF THE TRUE VALUE IMO.   [removal of all distortions of exchange rate…does that mean that they will give the real rate?]  IT MEANS THAT THE RATE THEY HAVE IS DISTORTED AND THE CALCULATION FOR GLOBAL PRICING INDEX WOULD HAVE TO DONE — ACCORDING TO MACRO-ECONOMICS AND TO PRODUCE FAIR TRADE WITH THE WTO AND THE GLOBE THEY NEED TO HAVE A PRICE AND CURRENCY RATE THAT WOULD PRODUCE THE ACTUAL VALUE OF THE DINAR (THE PRICE OF THE DINAR) TO BE DONE. GOODNESS THIS IS EXCITING AND IT HAS BEEN A LONG TIME …SEEING SOMETHING LIKE THIS IN A FORMAL DOCUMENT… [post 2 of 2]
______________________________________________________________

Millionday – IMF Report quotes:  “The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions...”As a first step, the government will, by end February 2016, draft and adopt a by-law to set up a mechanism to comply with the relevant AML/CFT international standards.”  PEG TO USD AND REMOVE EXCHANGE RATE DISTORTIONS AS THIS WILL SEND A POSITIVE MESSAGE TO INVESTORS — THAT WOULD MEAN THAT INTERNATIONAL INVESTORS WOULD BE ABLE TO TRADE.  THIS IS FEB 2016 AND THEY ARE TO REMOVE ALL DISTORTIONS OF THE EXCHANGE RATE AND ALSO ADOPT ALL INTERNATIONAL COMPLIANCE.  THESE REPORTS ARE PROBABLY IMO WHY SOME ARE SAYING THAT IT IS CLOSE.  [post 1 of 2….stay tuned]
______________________________________________________________

Poppy3 – NOBODY HAS EVER SAID DR SHABIBI WAS BACK THEY SAID HE WOULD BE OFFERED TO COME BACK AND THEY THINK HE WILL CONSIDER IT WAIH [WITH?] MALIKI UNDER HOUSE ARREST.   I FEEL SURE HE WILL CONSIDER THE POSITION IF ASK PROPERLY AND MALIKI IS TRULY OUT OF THE PICTURE.
______________________________________________________________

wmawhite – IMO…we will not see Shabib as the Governor of the CBI.
______________________________________________________________

BGG – …Dr Shabibi is not back… that was a suggestion by Allawi who has so little power it’s nearly comical.
______________________________________________________________

wmawhite – [You’d think they’s have to collect tariffs at an international rate ya think?]  A country does not collect tariffs at an international rate…the USA has any tariffs owed to it sent to it in USD. The value of the IQD does not matter to Iraq because it will receive the tariffs in whatever currency it wants…probably in IQD.  However, until a country can transmit/electronically send it currency to Iraq and it be converted into IQD…IMO, the GOI will probably receive the tariffs in USD.
______________________________________________________________

Poppy3 – WELL NEWS HAS CONTINUED TO BE POSITIVE AND MOVE FORWARD WITH ACTION TO BACK THE TALK. THIS IS SOMETHING I HAVE ALWAYS TOLD OUR TEAM TO WATCH THE ACTIONS MORE THAN WORDS.
______________________________________________________________

Mnt Goat – We must watch Iraq and the CBI, Finance Ministry and Parliament. Only these establishments will give us CLUES as to when we can expect any significant increase in the value of the Iraqi dinar. The CBI actually told us out straight that they plan to inform the people on an ongoing basis the steps in the currency reform process. They seem to be doing just that.  The fate of Iraq is in the hands of Iraq.
______________________________________________________________

BGG – YOU (us holding Dinar) WEREN’T DUPED…the Gov of their current CBI is TALKING ABOUT THIS – yeah or nay… THEY ARE TALKING ABOUT IT NOW…the GOI – will either do this or throw this guy out of office…they have only offered 2 solutions.  1) tariffs (referred to as: taxes)…2) RAISE THE VALUE OF THE CURRENCY TO BRIDGE THE CURRENT DEFICIT…tariffs won’t do it…like I have been saying…a few pennies won’t cover a 100 BILLION USD (trillions in DINAR) budget deficit…there is only one thing will fix it.  V-A-L-U-E.
______________________________________________________________

rcookie – ANOTHER GREAT INDICATION OF IRAQ DELIVERING EARLY MANDATE ON IMF…LOI/MEFP/TECH MOU MANDATE DUE BY END OF FEB…THEY HAVE THEIR 12/2015 BALANCES FOR ALL… MOF..GOI..CBI ACCOUNTS…AND AGAIN ACCOMPLISHED EARLY…
______________________________________________________________

Millionday – [Did Iraq have met all the requirements in order to go international?]  LET ME SHOW YOU SOMETHING THAT WILL TELL YOU WHY MANY ARE STATING THAT THEY ARE GOING INTERNATIONAL.  “Ministry of Labour and Social / Department of pension affairs, social workers and security called for creditors of the campaign cards of “Ki-Card” and “manual exchange”  to receive pensions for the months of January and February will be held on the seventh and eighth of this February.”  THIS WOULD BE PUT ON A GLOBALLY ACCEPTED CARD ACCORDING TO THE REPORTS WE HAVE READ — MASTER CARD.   [post 2 of 2]
______________________________________________________________

Millionday – Article quote:  ” Author: Yasser incumbent 02/07/2016 0:00 Baghdad Economic Forum completed the foundation requirements, which lasted a whole year”  THIS WAS…A GROUP OF EXPERTS…THAT WAS FORMED (COMMITTEE) TO MOVE FORWARD WITH THE ECONOMIC REFORM AND THEY WERE FORMED 2015 AND HAVE NOW STATED THEY ARE DONE WITH ALL REQUIREMENTS.  IRAQ HAD TO MAKE THESE CHANGES TO REFORM THE ECONOMY — THE REFORM IS DESCRIBED BY THEM AS THE STEPS NEEDED TO GO TO A MARKET ECONOMY — THEY ANNOUNCED…THAT ALL THE STEPS ARE DONE…THEY ARE READY TO MOVE FORWARD… WITH ECONOMIC REFORM…  [post 1 of 2….stay tuned]
______________________________________________________________

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 – 02.07.2015

http://www.cbi.iq/

______________________________________________________________

If at first you don’t succeed, you’re probably doing it wrong. – Will Spencer

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Sunday evening (after the Super Bowl)!!

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

firefly   To my understanding, Shabs was never released as governor of CBI. He fled for his life from Maliki.    Maliki put in 2 acting governors (which btw he is not allowed to do, a Governor has to be voted in). So for all purposes the IMF only recognizes one person as the true Governor of the CBI. I have not seen or read ANYTHING different
______________________________________________________________

Millionday – Article quote:  “Suggested head of the National Coalition, Iyad Allawi, on Friday, the Iraqi government restore the former Iraqi Central Bank Governor Sinan al-Shabibi, and the use of a panel of financial experts, and the formation of an economic body to save Iraq from its economic crisis.”   ALLAWI IS ASKING FOR SHABIBI TO RETURN TO LAUNCH THE FUNDING OF THE ECONOMY.  WITH HIS ENTIRE GROUP AND OTHER EXPERTS — THAT IS VERY INTERESTING IMO.

BGG ~ This is merely a “suggestion”… Allawi has NO POWER to enforce such a mandate.

______________________________________________________________

Poppy3 – OK SOME CONFIRMATIONS…  MALIKI IS UNDER HOUSE ARREST, SHABIBI IS SUSPECTED TO BE REINSTATED TO CBI GOVERNOR, WIDOWS AND RETIRED MILITARY PERSONNEL SMART CARDS TO BE CHARGED AND DISBURSED ON THE 8TH.  ALL THIS ANNOUNCED ON BAGDAD EARLY TV THIS MORNING. NO RATE WAS MENTIONED BUT IT MAKES ZERO SENSE TO ISSUE THEM WITHOUT A NEW RATE. THEY HAVE SAID BEFORE THEY WOULDNT BE DISBURSED TILL THEY HAD A HIGHER RATE. THIS CAME DIRECT FROM PERSON 3 BLOCKS FROM OUR BAGDAD EMBASSY.  REMEMBER DR SHABIBI HAS ORGANIZED AND OUTLINED THE RV AND WANTED TO DO IT LONG AGO…IM FOR ONE AM EXCITED HE IS BACK AND EXPECT TO SEE SWIFT ACTION.
______________________________________________________________

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!!)

______________________________________________________________

sczin11 – COULD THIS BE TRUE?  MAHMOUD REPLACED AS president of the Court of Cassation. WHAT IS THE COURT OF CASSATION?  MY UNDERSTANDING IS, IT IS THE ARM IF THE JUDICIARY THAT RATIFIES THE RULINGS OF THE COURTS…IN OTHER WORDS, WHEN MAHMOUD RULES, HE CAN BE OVER RULED BY THIS COURT OF CASSATION… MAHMOUD HAS BEEN HOLDING BOTH POSITIONS, SINCE THE MALIKI REGIME…ALTHOUGH MY UNDERSTANDING IS, THEIR CONSTITUTION OR JUDICIAL POLICIES STATE, THE LEADER /PRESIDENT OF THE COURT OF CASSATION, CANNOT BE THE SAME AS THE HEAD OF SUPREME COURT…IF THIS IS TRUE, AND MY UNDESTANDING OF THE COURTS RESPONSIBILITY IS ACCURATE, THIS IS THE START OF THE END OF THE MALIKI CONTROLLED COUNTRY…

BGG ~ Is this a TRICK QUESTION?? Is he serious??

______________________________________________________________

tman23 – We are soon to find out if they go to CBI reserves for the next 6 months to cover shortfalls…or we see a shift in the IQD currency… I as all hope it opens where we are able to exchange IQD for profit.  It…could go either way…But we are soon to find out!
______________________________________________________________

firefly – The meetings last Thursday went VERY well…Global Economic meeting.  This was all over the major media sources.  The marker has been set, finger on the trigger. TIMING!  Stop looking at your calendars, it could literally happen at any time but NOBODY knows the timing.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-07-15 

Currency Auctions Announcement No. 3131

This daily currency auction was held in the Central Bank of Iraq on the 02-07-2015

The results were as follows:

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

Poppy3 – MANY KEEP SAYING POPPY3 SAID THIS MONTH BUT I SAID THEY SAID THIS MONTH…THEY REPORTED IT IN WRITING TO THE IMF, UN, WB…THEY THAT HAVE AUTHORITY MADE THE STATEMENT IN A OFFICIAL REPORT. TO ME IT DON’T GET ANY BETTER AND THERE IS NOTHING TO QUESTION ABOUT IT. THEY SAID IT LOUD AND CLEAR.
______________________________________________________________

rcookie – THEIR MONITORING PROGRAM RUNS THROUGH 2016 BUT DOES NOT MEAN A VALUE CHANGE CANT HAPPEN TILL END OF 2016…AS MATTER OF FACT THE IMF HAS TOLD IRAQ WILL RETURN TO GLOBAL FINANCIAL MARKET IN 1ST HALF OF 2016…
______________________________________________________________

mike – Article:   “Iraq News – Tamimi: collection of electronic future step to receive salaries and pay taxes”  I don’t think the e-dinar is just about destroying physical currency. It’s more tied to the MoF not pumping 4 trillion physical dinars into the economy through GOI payroll. If Iraq can logistically support e-commerce, the physical note count will be organically reduced. IMO.
______________________________________________________________

Poppy3 – ELECTRONIC BENEFITS WILL BE LOADED ON THE 7, 8, HUGE NEWS…SO ON THE 8th WE SHOULD SEE THIS POP, AND HAVE NEWS ON IT THAT WEEK, THE IMMUNITY SYSTEM HAS BEEN ENFORCED AND A LOT HAVE BEEN ARRESTED AND HEARING MALIKI IS NOW UNDER HOUSE ARREST, I WILL BE ABLE TO CONFIRM THAT…WHEN I TALK TO MY CONTACT IN BAGHDAD…, HUGE HUGE NEWS…WE ARE SO CLOSE…THINGS NOW SHOULD FALL LIKE DOMINOES, AFTER THE 8th OF FEB… lets see the fireworks…WE WATCH AND WAIT.
______________________________________________________________

rcookie – IMF LETTER OF INTENT (LOI)/MEMORANDUM OF ECONOMIC & FINANCIAL POLICIES(MEFP)/AND TECHNICAL MOU FOR 2011 & 2016…THE 2016 BUDGET…AND THE 2015 ARTICLE IV CONSULTATION AND REQUEST FOR PURCHASE UNDER THE RAPID FINANCING INSTRUMENT—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ….THESE REPORTS ARE SO VERY DETAILED AND PROVIDE ALL THE INSIGHT YOU NEED TO FOLLOW WHAT IS GOING ON…SHOULD BE REQUIRED READING FOR ALL IN THIS INVESTMENT…AND WILL RETURN MUCH PEACE & UNDERSTANDING AND LESS…SPECULATION.
______________________________________________________________

Frank26 – Article quote:  “Suggested head of the National Coalition, Iyad Allawi, on Friday, the Iraqi government restore the former Iraqi Central Bank Governor Sinan al-Shabibi…”   The IMF has also SUGGESTED some activities for S [Shabibi]…Next month.
______________________________________________________________

Randy Koonce – Let me say you cannot have in-Country RV.  If you think about it, how much is a 250 dinar after the RV…250 dinar— it does not change…the only thing that changes is the weight against other currencies and that it helps to buy goods out side of the country…So it looks very good from both sides of the pond to happen by the 1st of march…  do not worry we are about done. …every day that goes by this year is closer to RV it is looking very good now.  We are close.. Every large bank will exchange.. RELAX the RV is coming…Breathe…  [post 2 of 2]
______________________________________________________________

Randy Koonce – …the tariffs have not yet been collected… but they are saying in the paper that they have enacted them.. I am not sure how long that can go on but I am sure not too long… So it looks like the Tariffs will be happening in a short while… They will not collect tariffs without RV… Everybody should feel good because of the pressure Iraq needs to collect the tariffs.  Second thing Barzani has not been paid and he has been in Baghdad to get paid.  At some point in time which the Paper is saying Barzani is going to receive payment this weekend or early week…there needs to be an RV for that, and it looks like Iraq has themselves in a corner for that.  [post 1 of 2….stay tuned]
______________________________________________________________

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 – 02.06.2015 (no change as of 2/4)

http://www.cbi.iq/

______________________________________________________________

The most important single central fact about a free market is that no exchange takes place unless both parties benefit. – Milton Friedman

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

firefly – The meetings last Thursday went VERY well…Global Economic meeting.  This was all over the major media sources.  The marker has been set, finger on the trigger. TIMING!  Stop looking at your calendars, it could literally happen at any time but NOBODY knows the timing.
______________________________________________________________

Poppy3 – MANY KEEP SAYING POPPY3 SAID THIS MONTH BUT I SAID THEY SAID THIS MONTH…THEY REPORTED IT IN WRITING TO THE IMF, UN, WB…THEY THAT HAVE AUTHORITY MADE THE STATEMENT IN A OFFICIAL REPORT. TO ME IT DON’T GET ANY BETTER AND THERE IS NOTHING TO QUESTION ABOUT IT. THEY SAID IT LOUD AND CLEAR.
______________________________________________________________

rcookie – THEIR MONITORING PROGRAM RUNS THROUGH 2016 BUT DOES NOT MEAN A VALUE CHANGE CANT HAPPEN TILL END OF 2016…AS MATTER OF FACT THE IMF HAS TOLD IRAQ WILL RETURN TO GLOBAL FINANCIAL MARKET IN 1ST HALF OF 2016…
______________________________________________________________

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 – ELECTRONIC BENEFITS WILL BE LOADED ON THE 7, 8, HUGE NEWS…SO ON THE 8th WE SHOULD SEE THIS POP, AND HAVE NEWS ON IT THAT WEEK, THE IMMUNITY SYSTEM HAS BEEN ENFORCED AND A LOT HAVE BEEN ARRESTED AND HEARING MALIKI IS NOW UNDER HOUSE ARREST, I WILL BE ABLE TO CONFIRM THAT…WHEN I TALK TO MY CONTACT IN BAGHDAD…, HUGE HUGE NEWS…WE ARE SO CLOSE…THINGS NOW SHOULD FALL LIKE DOMINOES, AFTER THE 8th OF FEB… lets see the fireworks…WE WATCH AND WAIT.
______________________________________________________________

rcookie – IMF LETTER OF INTENT (LOI)/MEMORANDUM OF ECONOMIC & FINANCIAL POLICIES(MEFP)/AND TECHNICAL MOU FOR 2011 & 2016…THE 2016 BUDGET…AND THE 2015 ARTICLE IV CONSULTATION AND REQUEST FOR PURCHASE UNDER THE RAPID FINANCING INSTRUMENT—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ….THESE REPORTS ARE SO VERY DETAILED AND PROVIDE ALL THE INSIGHT YOU NEED TO FOLLOW WHAT IS GOING ON…SHOULD BE REQUIRED READING FOR ALL IN THIS INVESTMENT…AND WILL RETURN MUCH PEACE & UNDERSTANDING AND LESS…SPECULATION.
______________________________________________________________

Frank26 – Article quote:  “Suggested head of the National Coalition, Iyad Allawi, on Friday, the Iraqi government restore the former Iraqi Central Bank Governor Sinan al-Shabibi…”   The IMF has also SUGGESTED some activities for S [Shabibi]…Next month.

______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-04-15 

Currency Auctions Announcement No. 3130

This daily currency auction was held in the Central Bank of Iraq on the 02-04-2015

The results were as follows:

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

Randy Koonce – Let me say you cannot have in-Country RV.  If you think about it, how much is a 250 dinar after the RV…250 dinar— it does not change…the only thing that changes is the weight against other currencies and that it helps to buy goods out side of the country…So it looks very good from both sides of the pond to happen by the 1st of march…  do not worry we are about done. …every day that goes by this year is closer to RV it is looking very good now.  We are close.. Every large bank will exchange.. RELAX the RV is coming…Breathe…  [post 2 of 2]
______________________________________________________________

Randy Koonce – …the tariffs have not yet been collected… but they are saying in the paper that they have enacted them.. I am not sure how long that can go on but I am sure not too long… So it looks like the Tariffs will be happening in a short while… They will not collect tariffs without RV… Everybody should feel good because of the pressure Iraq needs to collect the tariffs.  Second thing Barzani has not been paid and he has been in Baghdad to get paid.  At some point in time which the Paper is saying Barzani is going to receive payment this weekend or early week…there needs to be an RV for that, and it looks like Iraq has themselves in a corner for that.  [post 1 of 2….stay tuned]
______________________________________________________________

Aggiedad77 – [Isn’t this what we have been waiting on big time for them to announce publicly DR.S back in control of CBI? This seems pretty big right?]  I’m thinking yes it will be big…This kind of thing…a change in the helm of the CBI…IMO…has to come from on top…from Abadi, and more than likely the IMF…them together announcing such a change…let’s watch them take this beyond a “suggestion” though and bring it to fruition.  One thing for certain…IF…Maliki has been arrested…that could open the door for Dr. Shabibi to come home.  [post 2 of 2]
______________________________________________________________

Aggiedad77 – “Zebra seeks $1.2 billion from the World Bank”  …ask small…get small…they need someone with bigger dreams…IMO…someone like Dr. S [Shabibi] that knows about world finances…someone who has had direct experience on the international level of banking…   Article quote:  “Suggested head of the National Coalition, Iyad Allawi, on Friday, the Iraqi government restore the former Iraqi Central Bank Governor Sinan al-Shabibi…”   oh yes indeed…Dr. S.  Bring it on…yes sir…the BEST is yet to come.  [post 1 of 2….stay tuned]
______________________________________________________________

Kaperoni – Article quote:  “Suggested head of the National Coalition, Iyad Allawi, on Friday, the Iraqi government restore the former Iraqi Central Bank Governor Sinan al-Shabibi, and the use of a panel of financial experts, and the formation of an economic body to save Iraq from its economic crisis.”   Never happen.  A plan is in place with Allaq now and the guidance of the IMF.  Shabibi is done and out living in retirement.  Nobody listens to Allawi anyways.
______________________________________________________________

tlm724 – Article quote:  “we we have established a seminar two weeks in the oil ministry before to discuss this subject, and suggested some members of the Commission on oil and energy parliamentary mechanism to prepare a draft law of the national oil company, but it should be enactment of the oil and gas law first and then other corporate legislation of laws.”  it should be enactment of the oil and gas law first then the national oil company law…they expect the national oil law to be enacted by the end of the year so if this goes as planned the HCL should see the light of day very soon.
______________________________________________________________

Blondie – Recent article says the Iraqi Army may not be going after Fallujah anytime soon after all. The town has been completely blockaded, so it seems nothing gets in or out without going thru a military checkpoint — they believe they have got ISIS contained there.  Instead, they are focusing on clearing out the few remaining “dead-enders” in the outskirt suburbs of Ramadi (mopping up, so to speak) and they continue to prepare to retake Mosul. Lots of prep going on there, ISIS numbers around Mosul dwindle daily (in fact across all of Iraq, ISIS is losing several dozens of fighters (sometimes as many as one hundred fighters at once) every few days, along with massive destruction of equipment and weapons). The final assault on Mosul may happen sooner now, and victory may happen quicker. Good news, security in the country is coming faster now.
______________________________________________________________

tman23 – There is no legitimate argument that can be made that this is not their goal…LIFT THE 3 ZEROS…The CBI gave the green light end of February 2015 (almost a year ago) to begin the process… Shabibi, who we know is working as a consultant with Iraq and the CBI as we have seen him in photos of late…always said the time to lift the zeros is at the START of the NEW YEAR…And we know the banks have switch to a new accounting standard… That being said…We are waiting for the lifting of the zeros to be announced or shown…AND/BUT/THE SPECULATION AND GUESSING IS THE SAME AS IT WAS SINCE THE BEGINNING OF IQD TO RICHES…HOW WILL LIFTING THE 3 ZEROS PLAY OUT FOR THE CURRENCY WE HOLD.  UNTIL it becomes official and you go to exchange…and the it becomes Mr./Mrs. Speculator meets reality… And there is not one visitor in this…room that doesn’t wish for a GREAT DAY AT THE BANK.
______________________________________________________________

Frank26 – The Iraqi citizens have been…uniting with Sistani…Sistani is the Holy Man and you do not disobey him… Abadi heard the message loud and clear…Abadi’s on a hot seat so he is moving quick…and it’s not because he is scared of the laws or the IMF…he’s scared of Sistani, the Holy Man…So Abadi is busy right now…IMO… working on reforms…   FEBRUARY 8TH…is a point in time when our atomic clock is ticking towards…because after that date you are going to see a plethora of many things… in this month of February especially after the 8th, the information will be poured out into the international world and it will be rather interesting...
______________________________________________________________

BGG – …the recent Sistani rhetoric included (as I recall) – a semi-ultimatum for Abadi – to get economic reforms off the ground.  Is Sistani putting pressure on Abadi?  YES.  is he calling for Abadi’s replacement?  (maybe) – probably a threat to get Abadi to moving on the economy...IMHO.  [reference tman23 post 2-5-2016].
______________________________________________________________

tman23 – Sistani came out with a public statement that asked for Iraqi’s to UNITE and that he backed Abadi reforms 100% and asked the citizens to cooperate and back the Prime Minister. EVERYBODY kept saying WOW…When Sistani speaks it is huge, he is the man that everyone listens to…  WELL Sistani came out and made another announcement a few days ago…He called for the replacement of Abadi...And if the IMF has intentions of raising the IQD it is TICK TOCK on them…because an Abadi take down would leave the whole thing in limbo for a very long time… Time for the closing act…and get a standing ovation…otherwise it is his last performance!
______________________________________________________________

Frank26 – IOO…Conditions are RED at the moment to bring forth a GREEN.
______________________________________________________________

Backdoc – WE HAVE THE BUDGET BEING IMPLEMENTED; RETIREES PAYMENT CARDS ACTIVATING ON THE 7TH AND 8TH; ANNOUNCEMENT OF THE NATIONAL RECONCILIATION LAW ON SUNDAY!   AND THE FINAL MILITARY CLEAN UP OF MOSUL AND FALUSHA READY TO ROLL! THIS IS LOOKING MORE LIKE A WELL ORCHESTRATED EVENT!  [post 2 of 2]
______________________________________________________________

Backdoc – THERE IS A LOT TO BE HAPPY, HAPPY, HAPPY, ABOUT!  AFTER IRAN TOLD US THEY WOULDN’T ENTER THE WORLD WITHOUT IRAQ, AND LATER ALSO TOLD US THAT THEY WOULD BEGIN TO ENTER THE WORLD AROUND THE 8TH OF FEB., AND THAT IT WOULD TAKE LESS THAN A MONTH TO COMPLETE…OF COURSE THOSE WORDS ARE GREAT IN AND OF THEMSELVES BUT ONCE ADDITIONAL PIECES HAVE STARTED TO FALL IN PLACE I’VE GOTTEN, WELL, OK!, ALMOST EMOTIONAL!  [post 1 of 2….stay tuned]
______________________________________________________________

rcookie – DONT TRY NOT TO BE DATE CENTRIC…THE EVENTS AND INITIATIVES THEY ARE TASKED TO DO ARE UNFOLDING DAILY…BUT THERE WILL NEVER BE A TELEGRAPHING OF THE VALUE CHANGE…
______________________________________________________________

Kaperoni – Article quote:   “The prime minister’s office held a workshop, in coordination with the central bank about electronic payment, electronic collection…”   The CBI is not playing around…we will see the beginning of edinar start…electronic money…like a debit card…starting next week.
______________________________________________________________

Poppy3 – LOTS OF GREAT INFORMATION AND EVERY DAY FOR THE LAST FEW WEEKS [Guru] MILLIONDAY AND OTHERS HAVE CONTINUED TO SHARE STEP BY STEP SHOWING US COMPLETIONS OF SOMETHING INVOLVED WITH FINANCE. I KNOW THIS IS OUR MONTH AND THEY WILL FINISH THIS MONTH AND TOLD THEY WILL ANNOUNCE A NEW DINAR RATE OR THEY HAVE LIED IN INK TO THE FINANCIAL WORLD GUIDES.  …ALL THE NEWS MD [MILLIONDAY] HAS BEEN SHARING HAS LINED UP EXACTLY WITH WHAT HAS BEEN REVEALED.
______________________________________________________________

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 – 02.04.2015

http://www.cbi.iq/

______________________________________________________________

People who have time on their hands will inevitably waste the time of people who have work to do. – Thomas Sowell

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Kaperoni – Even though we see almost daily requests to devalue the dinar, or fears of emptying the reserves, the real pro’s are well aware of funds, etc and the plan continues to move forward. I think it is safe to say, that the plan does not include an economic collapse so we just need to watch and let it come to us. Once the key laws pass, I think we should brace for the big bang and launch of the Iraqi market economy.
______________________________________________________________

Millionday – Article quote:  “Department of pension affairs, social workers and security called for creditors of the campaign cards of “Ki-Card” and “manual exchange” to receive pensions for the months of January and February will be held on the seventh and eighth of this February.”   FEB 7TH AND 8TH THEY ARE SAYING ELECTRONIC BENEFITS WILL BE LOADED.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

rcookie –  THIS IS WHY WE HAVE BEEN SO JACKED UP SINCE BEGINNING OF JAN AND ACTUALLY THEIR LAST REVIEW PERIODS…SEPT & DEC 2015…AND LOOKING FORWARD TO FEBRUARY… AND IMF & UN THERE TO MAKE SURE THAT WHEN THE BUDGET DISBURSEMENTS ARE MADE TO PROVINCES…THERE IS A SEAMLESS EXECUTION ALONG WITH TRANSFER OF POWERS FROM THE CENTRAL GOI TO THE INDIVIDUAL PROVINCES…THE UN IS THERE TO ASSIST AND MONITOR…THEY ARE FOLLOWING A CAREFULLY ARRANGED ACTION PLAN…HANG IN THERE EVERYONE…YOU CAN SEE THE TAPE AT THE FINISH LINE…  [post 2 of 2]

______________________________________________________________

rcookie – IRAQ HAS BEEN ON THIS IMF MANDATE AUDIT SINCE 2011…WHICH IS WHY THEY HAVE SO MUCH DONE TOWARD WHAT THEY ARE TASKED FOR IN THIS ONE….IRAQS REPORT CARD FROM IMF TOWARD…INDIVIDUAL MANDATES…AND REVIEW DATES FOR COMPLIANCE…THEY HAVE MET AND EXCEEDED.  THE NEXT REVIEW BEING END OF FEBRUARY...  THIS IS WHY SO FRUSTRATING WITH ANY NEGATIVITY BECAUSE SO OVERWHELMINGLY POSITIVE WITH WHERE THEY ARE AT…   [post 1 of 2….stay tuned]
______________________________________________________________

Kaperoni – Article quote: “…a lot of proposals submitted and through every means, but the government did not take all the proposals, the most important of which float the currency and raise the value of the Iraqi dinar…”   This is starting the heat up if this article is any sign of the process. Tariffs are now in place, I have read about mechanisms for taxes in articles…over the last few weeks, we see the CBI activating edinar/ebanking etc…so we are getting closer to Article VIII and the float (which will delete the zeros). But we must see the laws pass to create the environment. Let it come to us.
______________________________________________________________

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!!)

______________________________________________________________

Millionday – Aricle quote:  “The Iraqi parliament on Wednesday, with the central bank and managers of banks government plans to overcome the current financial crisis.”  …THE MEETING WAS ABOUT THE INTERNATIONAL RATES — AS WELL AND THE DEVELOPMENT OF BANKING AND THE DINAR EXCHANGE RATE…THIS IS GREAT WHOOOPOW.
______________________________________________________________

Poppy3 – MY CONTACT INFORMED YESTERDAY A  ABADI STAFF MEMBER SAID THEIR SECURITY ISSUES ARE NOT ISIS OR DAASH BUT INTERNAL CORRUPTION.  SAID THEY ARE MAKING HEADWAY BUT SLOWER THAN ABADI WANTS.  …ABADI WAS ADAMANT ABOUT COMPLETING THE REFORM THIS MONTH.
______________________________________________________________

rcookie – THE TARIFFS…RATES AND CODES LIST BY SECTOR WAS PUT OUT LIKE 2 WEEKS AGO...AS WELL AS ALL LAND…AIR & SEA BORDER ENTRY POINTS WITH THEIR CORRESPONDING CODES FOR CUSTOMS TARIFF ACTIVATION…TARIFFS AT THE BORDER ARE PAID BY IMPORTERS BRINGING CONTRACTED GOODS INTO COUNTRY…AND COLLECTED BY CUSTOMS BORDER AGENTS….THOSE GOODS ARE THEN BROUGHT INTO RETAIL MARKET WHERE THE PRICES WILL REFLECT THEIR FAIR MARKET VALUE WITH INT’L EQUATION FACTORED IN…AND THEN REALIZED AT POS (POINT OF SALE) BY END CONSUMER…FINALLY A FAIR PLAYING FIELD FOR THE IRAQI PRODUCES… 
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-04-15 

Currency Auctions Announcement No. 3130

This daily currency auction was held in the Central Bank of Iraq on the 02-04-2015

The results were as follows:

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

firefly – We are at a point now where agreements are going to be activated, no ifs or buts. Iraq has an obligation to get er done!
______________________________________________________________

Millionday – Press conference quote:  “within the coverage of the budget will be put national bonds at home to be purchased by citizens at an interest rate similar to the interest which are raised for foreign bonds,” adding that “these bonds will bring good return to the citizen“.   THEY HAVE ANNOUNCED TO THE CITIZENS THAT NOT ONLY ARE THEY ABLE TO COVER THE BUDGET AND AGREEMENTS BUT ALSO THEY WILL BE ABLE TO INVEST IN THE BONDS AT A GREAT RETURN — THIS ANNOUNCEMENT IS A HUGE ONE TO MAKE IN IRAQ RIGHT NOW IN THE ECONOMIC CONDITION THEY ARE IN.  THIS REQUIRES THE MOVEMENT OF FUNDS TO EVEN BE POSSIBLE…I KNOW I AM EXCITED.
______________________________________________________________

Mnt Goat – Update: Fighting ISIS:  It is my opinion that the battle for Mosul will not be long. I base this statement on all the planning I see and my conversations with many of my friends now stationed in the area. I can see they plan to move this along as quickly as possible… I believe they are still planning within the end of Feb timeframe for completion of this campaign.
______________________________________________________________

Millionday – I HAVE ONE MORE PART OF THOSE ORDERS:  “…by end-February 2016, appoint international auditors to audit the latest financial statements of Rasheed Bank and Rafidain Bank according to international standards…”  THIS IS FORMAL IMF DOCUMENT RELEASED BY IMF. NOTE — AGAIN — THE END OF FEB.  THEY COMPLETED AUDIT SO THIS WILL BE JUST TO OPEN THESE BANKS AND COMPLETE THEIR REFORM ON THESE TWO BANKS.
______________________________________________________________

Millionday – Report quote:  “by end-February 2016, amend the Investment Law, or issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction, as recommended by a recent technical assistance mission of the IMF.”  THIS IS HUGE AND VERY IMPORTANT AS IT WAS THE MEETING ABOUT ARTICLE 8 WITH THE IMF AND THE REQUIREMENTS.  THE END OF THIS MONTH...WHOOOPOW.   [post 1 of 2….stay tuned]
______________________________________________________________

tman23 – The opinion was that Iraq needed a stable government to revalue it’s currency… Sistani just called for the replacement of Abadi which only shows that the Supreme Leader has lost confidence in Abadi... A citizen uprise against the government is not favorable… The talk of not being able to meet salaries come April is not favorable… This is not to say that Abadi doesn’t have the plan in motion to revaluation…or the IMF for that fact…BUT Sistani has spoken and now they don’t have time to play or delay…That goes for both Abadi and the IMF if a revaluation is truely in the plans.
______________________________________________________________

Enorrste – Therefore, if a local Iraqi has a choice between pulling his dinars out from under the mattress to go to the market or taking his debit card, I would vote for the debit card.  In time, and I suspect in a short time, confidence in the banking system will increase and more and more hidden dinars will come to the surface (there is also the lure of buying gold coins).  All dinars that are brought to the surface will be destroyed and Iraq will join the world economy, as the IMF has stated.  It is an ambitious goal, but with the backing of the world’s bank, I am confident that it will succeed  The alternative is not acceptable, either to us as investors or to the IMF.   [post 2 of 2]
______________________________________________________________

Enorrste – Article:  “The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks”   First, it seems apparent to me that this new initiative is being driven by the IMF rather than by the CBI or the GOI.  That being said, I foresee things moving at a somewhat faster pace here forward.  Second, to the extent that the GOI/CBI/IMF require payrolls to be made electronically it is my opinion that people will fall in line quickly with the simplicity of an electronic system.  Think about the US:  we all used to use dollars (assuming you are over 60), but now we almost all use a debit card (at least I do).  It was not a hard sell.  In fact, the transition was painless.   [post 1 of 2….stay tuned]
______________________________________________________________

Mnt Goat – Parliament is now in session way over a week already and we have not yet seen much on the needed laws we have been waiting for. But we know last weekend there was a huge meeting to talk about the stalling and to get support from all the regional leaders. So far I have heard the meeting was a success but still we do not see the laws on parliament’s agenda.  Earlier this week we heard confirmation that the Amnesty law is agreed upon by all and ready for a final vote.  We are hearing the government wants to go electronic this month for payment of salaries.  I can say without a shadow of a doubt that there is absolutely NO CONNECTION between payments of these salaries and the RV.  Even though I keep repeating what we should now be looking for I have also been presenting PROGRESS to you slowly but surely. There has been a much needed, more accelerated progress in Economic Reform and Currency Reform as of lately.
______________________________________________________________

Backdoc – WE HAVE TO BE ELATED AS WE WATCH A MASSIVE NUMBER OF LAWS FINALLY BEING IMPLEMENTED, TARIFFS READY TO GO, TPP ABOUT TO BE SIGNED ON THE 4TH AND 5TH, SECURITY ABOUT TO BE WRAPPED IN FALLUSHA AND MOSUL!  NOW THAT IRAN HAS AN OFFICIAL INTERNATIONAL RATE I SINCERELY DOUBT “THE DEAL”, WOULD ALLOW IRAN TO RUN LIKE THE GINGERBREAD MAN TO A NEWLY VALUED CURRENCY WITHOUT IRAQ AND POSSIBLY S.A.!
______________________________________________________________

wmawhite – …if you had to start buying and selling outside of the USA using your own money and you had to use $1182.00 each time you purchased one small item that would normally cost $1, wouldn’t you start using your money smarter?  If you had 91 tons of gold and 100s of years of natural assets…wouldn’t you arrange deals with other countries so that you would not have to pay $1182 for that $1 item? Instead, you would explain how you were more valuable and your one dollar was worth much more. This is what will take place when Iraq enters the economy market.   [post 2 of 2]
______________________________________________________________

wmawhite – Many members of parliament do not get the “big picture” when it comes to long term strategy and competing on the world economic stage. Then there are others that get part of the “big picture”, while are very small number are actually involved in this actually process.   [Isn’t burning through the reserves a bad idea?]  …the IMF told you, me and the world what will stop that…what was it?  The move away from Multiple Currency Practice (MCPs).  …honestly…you ought to drop the term RV…concentrate on what will bring the change in the value of the IQD…and that was told to you by the IMF.   …the CBI in conjunction with the IMF are preparing to enter the economic markets.  [post 1 of 2….stay tuned]
______________________________________________________________

Frank26 – The IMF is in contract with the CBI and the GOI together…there is a target date and it is being rumored all over Iraq right now.  Iraq is on the verge of something happening to the citizens…to the banks…to the Kurds…to Sistani…to the GOI…and there are more…but all are waiting to see the CBI’s next move…and they said 2-3 days ago they were going to work on that.  The Minister of Planning…says to fix their problem they need to raise the rate to 1 to 1, actually he said a rate of about 1.13 to 1.15 for 2-3 years and then he said, maybe after that time period maybe we can see if we can take it up into the $3 range.   [post 2 of 2]
______________________________________________________________

Frank26 – …the CBI right around Thursday going into Friday…they made some moves and there is a good sound reason for these moves…it was around that time that our TEAMS found out that they were about 2 or 3 days away from taking the recommendations that were given to them from the IMF and many other agencies they are working with right now and move forward with the solution to their liquidity problems in Iraq.  [Guru] DELTA and I talked and thought good gracious if they do this there is only one way and that is to lift the value of their currency…these guys are very serious about taking the recommendations of the IMF and fulfill the solutions to many of their problems…paying debts to people…the deficit in their budget…all the bad things that are going on with Iraq right now with their reforms…2-3 days…well that would put us right about now…today.  It is of no exaggeration when we say there was a lot of activity and…some very powerful articles that had some equally powerful statements.   [post 1 of 2….stay tuned]
______________________________________________________________

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 – 02.04.2015

______________________________________________________________

Nature has planted in our minds an insatiable longing to see the truth. – Marcus Tullius Cicero

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Randy Koonce – [any good news besides ink…hope with this RV is fading.] Why is it fading it is just getting to the end.
______________________________________________________________

tman23 – Article quotes:   “leave and Finance Minister Hoshyar Zebari for two consecutive months, aiming for surgery in the British capital London.”  “there are no confirmed on the replacement or dismissal from office Zebari and information but are waiting for the issuance of an official letter from the Iraqi government for permission in this regard.”   KEEP YOUR EYES ON THIS EVENT…IMO, THERE IS MORE TO IT, AND IT IS AN IMPACT SITUATION… GOOD, BAD, INDIFFERENT… IT IS HUGE!
______________________________________________________________

SteveI – Our sources are telling me Iraq is getting safer by the day. It will not take that much longer before ISIS is nothing but memories.

______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Stryker – Iraq’s transition…into the Global Markets…is being accomplished as we type this very announcement…
______________________________________________________________

Backdoc – WE KNOW THAT SAUDI ARABIA HAS HALTED THEIR CURRENCY FROM BEING TRADED AS OF ABOUT 3 WEEKS AGO! SAUDI ARABIA HAS BEEN SELLING TREASURY BONDS AND SELLING OFF SOVEREIGN WEALTH FUNDS!  THEY HAVE BEEN SLASHING BUDGETS TO THE BONE AND THEY ARE POSSIBLY SELLING OFF A PART OF THE LARGEST OIL COMPANY IN THE WORLD! ARE THEY BUILDING RESERVES OR BUYING GOLD BEHIND THE SCENES IN PREPARATION OF SOMETHING? WHAT ARE THEY WAITING FOR? MMMMM…COULD THEY BE READY TO LAUNCH THEIR CURRENCY AT THE SAME TIME IRAN AND IRAQ LAUNCH AS WELL?  …TODAY IN IRAQ WE HAVE ARTICLES STATING IRAQ IS READY TO SELL THE DOLLAR!!
______________________________________________________________

Kaperoni – Article:  “Call for the adoption of an effective policy for the management of liquidity”  Quote:  “the size of the Iraqi economy requires all banking regulations, which indicate the movement of funds meticulously, pointing to the existence of sophisticated technology adopted by the international banks prefer to work on the transfer to Iraq in the coming period.”   I love this article because it says that in order to move to Article VIII, and freedom of movement of capital, the CBI must raise the level of the banking system and operate with “sophisticated technology” as adopted and preferred by international banks.  More importantly, it clearly implies that Article VIII (freedom of movement of capital) will occur in the “coming period.”  We can only hope that is within a few months.  BTW it fits with the IMF statement of 1st half of 2016.  
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-02-15 

Currency Auctions Announcement No. 3128

This daily currency auction was held in the Central Bank of Iraq on the 02-02-2015

The results were as follows:

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

wmawhite – Remember…the IMF and the World Bank has been consulting numerous times throughout the years with Iraq (CBI, GOI, Parliament). They know more about Iraq than the Iraqis do and YET! Let’s say that again, YET! the IMF told the entire world that they expect Iraq to enter the economy market during the 1st half of 2016. …what I just posted is FACT…plain and simple…fact.
______________________________________________________________

rcookie – QUICK QUESTION…”IRAQ FAR FROM BEING A PARADISE AND A CESSPOOL“….WHY DURING THE GREATEST WAR AND CONFLICT WITH..MOST VIOLENT ABHORENT TERRORISTIC GROUP IN THE HISTORY OF MANKIND…DID THIS CESSPOOL ATTRACT OVER 5.5 MILLION RELIGIOUS VISITORS…AND BREAK EVERY VOLUME RECORD OF AIR TRAVEL IN IRAQS HISTORY…IN THE PROCESS.  [reference tman23 post 2-2-2016]
______________________________________________________________

tman23 – Much propaganda for “the return of Iraqi’s”…See the planes leaving Kurdistan and the boats arriving in Greece… See the citizens selling everything they have to get out of Iraq with their families…See Iraq working with Netherlands to “forceably” deport Iraq citizens back to Iraq… Sure some Iraqi’s fled to europe expecting streets paved in gold etc..etc…and where disappointed because they were not greeted with gift cards and gold…But no matter how much we all would like to see a RV…make no mistake…Iraq is far from being paradise… Quite frankly the fact is…it is a cesspool!
______________________________________________________________

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:  “The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks ”  Big move for them technology wise. And surely necessary for the advancement of the banking system on a global scale.
______________________________________________________________

Mnt Goat – Article quote: “A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis.”  WOW! So the average citizen will automatically also get 18% on their money.  Incidentally this also meets a goal recommended by the IMF to help them out of the liquidity problem. More money in the banks allows more money for the banks to loan out. With this new diversification effort the banks will need all the money they can get and this will bring billions of dinars into the banks. Do you think this effort might also raise the value of the dinar as it creates an automatic demand for it…this is such HUGE news… Remember I told you something BIG was brewing and now all of today’s news is telling us this BIG news.   [post 2 of 2]
______________________________________________________________

Mnt Goat – …the CBI has announced they are …launching the e-dinar (electronic dinar) payment system. This is planned to be used for the government to deposit the retirees, displaced salaries and salaries of the government employees automatically in their bank accounts. It will also tie into the SMART cards. What does this do for the financial reform?  – it forces the citizens to trust in the banks, something some day they too will take for granted.  – it cuts down on corruption and bribery  – it paves the way to ending the currency auctions.  – reduces the problems of handling cash (less of the 3 zero notes in circulation).   [post 1 of 2….stay tuned]
______________________________________________________________

Kaperoni – Article quote:   “citizens to the acquisition of national bonds, which will present soon, instead of relying on “hoarding money”…”   Well…this is more related to getting the 30 trillion or so out of the mattresses than anything else.  They are issuing bonds at a higher interest rate, 50k notes, and selling gold.  All are good…but fall short of the real need…deposit insurance.    They really need to start reducing the money supply (to strengthen the dinar) which will allow them to control the spread within the 2%.   We continue to watch and see.
______________________________________________________________

Mnt Goat – We have already seen Iraq being set up with the SWIFT code system (Society for Worldwide Interbank Financial Telecommunication code) An internationally-recognized identification code for banks around the globe. Just recently we witnessed news that Iran too was re-hooked back into SWIFT on Jan 31st. Is this coincidental that these articles are so close in proximity to each other?  So now we see Iraq working on their domestic systems. But they are not hooking them up instead they are instructing and teaching the banks how to use them. We witnessed the electronic system installations a very long time ago in Iraq.  These systems need to coordinate with the SWIFT system and this is what they are now doing. Is this amazing news or what? As [Guru] Millionday would say WOOOPOW! This is how close we are to the RV! ​
______________________________________________________________

Kaperoni – Article:  “The introduction of tariffs in all border crossing points”  Quote:  “the border crossings began work applying the tariff system on imported goods in all ports and airports, including the Kurdistan region outlets since the 16th of last month.”   Let’s hope the pressure starts.
______________________________________________________________

rcookie – [tax and tarriffs but no rate increase?]  NOT YET…BUT COMING…IMO.
______________________________________________________________

wmawhite –  [with taxes & tariffs being collected now, how realistic is it that we have to wait until almost the end of the first 6 months? Can Iraq last that long?]  I don’t know…however, think about it…who would know better about how long this and how long that? The IMF…and the WB.  But what is significant about entering the economy/global market? The status of the IQD must change. It must be Iraq primary means of conducting international commerce. When that happens, IMO, Iraq will not be able to do that at its artificial value.
______________________________________________________________

rcookie – [when do you think these auctions will stop?]  WHEN THE CBI & IMF FEEL THEY HAVE THE DIRE LIQUIDITY CRISIS WE READ ABOUT EVERY DAY IN A TENABLE STATE FOR THE NEXT STEP…THEY NEED CURRENCY…THE NEXT STEP WILL BE SOPPING UP THE USD FROM THE MARKET AS THEY TRANSITION FROM MCP…AND RETAILERS USE IQD FOR PURCHASE TRANSACTION PROCESS… [I thought they were trying to dry up the dollar already?] THEY ARE..BUT…LIQUIDITY IS DIRE.  [post 2 of 2]
______________________________________________________________

rcookie – I WAS READING SOME COMMENTS ABOUT THE WARKA BANK ANNOUNCEMENT…SOME THINKING THE INTERNATIONAL CURRENCY MEANT RATES.  [well it is an international bank.] IT IS…BUT 1 OF THE LARGEST PRIVATE BANKS IN IRAQ…THAT WAS PUT UNDER “GUARDIANSHIP STATUS” IN 2013 TO SUPERVISE THEIR INSOLVENCY…AFTER REHABILITATION & RESTRUCTURING…THAT GUARDIANSHIP WAS LIFTED THE OTHER DAY..ALLOWING THEM TO RE-ENGAGE IN BANKING ACTIVITIES INCLUDING THE AUCTIONS…AND VERY IMPORTANT IN REGARD TO THE MASSIVE BANKING SECTOR SHAKE UP GOING ON AS WE SPEAK…WITH THE PRIVATIZATION OF THE 2 BIG STATE BANKS.   [post 1 of 2….stay tuned]
______________________________________________________________

firefly – The HCL is NOT a requirement for any currency shift.  When the border tariffs are activated I’m pretty darn sure we will see what we have been waiting for!
______________________________________________________________

Millionday – …FEW DAYS AGO ABADI WAS GOING TO MEET WITH IMF AND THERE WAS TO BE AN ECONOMIC MEETING IN SWITZ — THIS IS AN ANNOUNCEMENT FROM ABADI`S OFFICE CONCERNING THE RESULTS:  “we have coordinated with the Bank and the International Monetary Fund to develop a plan to overcome the financial crisis.”   IT APPEARS THAT A PLAN HAS BEEN CREATED TO BRING IRAQ BACK TO A HEALTHY ECONOMY.  SO AS WE SEE THEY ARE MOVING FORWARD WITH THE WORLD BANK AND THE IMF IN IRAQ TO OVERCOME THE FINANCIAL CRISIS IN IRAQ.
______________________________________________________________

tlm724 – Article quotes:  “Oil Minister Adel Abdul Mahdi, in his speech at the forum that there is a national agreement on the importance of re-establishing national oil company, according to a deliberate steps legally and economically to return to the normal situation for the oil sector…and that is every citizen shares in this company…and the law of oil and gas that will be passed”  thats very encouraging…in line with what came in the Iraqi constitution, the people are going to get their share of the oil profits finally!  *hallelujah*  awesome to see them move forward!!
______________________________________________________________

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 – 02.02.2015

______________________________________________________________

Nature has planted in our minds an insatiable longing to see the truth. – Marcus Tullius Cicero

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Randy Koonce – [any good news besides ink…hope with this RV is fading.] Why is it fading it is just getting to the end.
______________________________________________________________

tman23 – Article quotes:   “leave and Finance Minister Hoshyar Zebari for two consecutive months, aiming for surgery in the British capital London.”  “there are no confirmed on the replacement or dismissal from office Zebari and information but are waiting for the issuance of an official letter from the Iraqi government for permission in this regard.”   KEEP YOUR EYES ON THIS EVENT…IMO, THERE IS MORE TO IT, AND IT IS AN IMPACT SITUATION… GOOD, BAD, INDIFFERENT… IT IS HUGE!
______________________________________________________________

SteveI – Our sources are telling me Iraq is getting safer by the day. It will not take that much longer before ISIS is nothing but memories.

______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Stryker – Iraq’s transition…into the Global Markets…is being accomplished as we type this very announcement…
______________________________________________________________

Backdoc – WE KNOW THAT SAUDI ARABIA HAS HALTED THEIR CURRENCY FROM BEING TRADED AS OF ABOUT 3 WEEKS AGO! SAUDI ARABIA HAS BEEN SELLING TREASURY BONDS AND SELLING OFF SOVEREIGN WEALTH FUNDS!  THEY HAVE BEEN SLASHING BUDGETS TO THE BONE AND THEY ARE POSSIBLY SELLING OFF A PART OF THE LARGEST OIL COMPANY IN THE WORLD! ARE THEY BUILDING RESERVES OR BUYING GOLD BEHIND THE SCENES IN PREPARATION OF SOMETHING? WHAT ARE THEY WAITING FOR? MMMMM…COULD THEY BE READY TO LAUNCH THEIR CURRENCY AT THE SAME TIME IRAN AND IRAQ LAUNCH AS WELL?  …TODAY IN IRAQ WE HAVE ARTICLES STATING IRAQ IS READY TO SELL THE DOLLAR!!
______________________________________________________________

Kaperoni – Article:  “Call for the adoption of an effective policy for the management of liquidity”  Quote:  “the size of the Iraqi economy requires all banking regulations, which indicate the movement of funds meticulously, pointing to the existence of sophisticated technology adopted by the international banks prefer to work on the transfer to Iraq in the coming period.”   I love this article because it says that in order to move to Article VIII, and freedom of movement of capital, the CBI must raise the level of the banking system and operate with “sophisticated technology” as adopted and preferred by international banks.  More importantly, it clearly implies that Article VIII (freedom of movement of capital) will occur in the “coming period.”  We can only hope that is within a few months.  BTW it fits with the IMF statement of 1st half of 2016.  
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 02-02-15 

Currency Auctions Announcement No. 3128

This daily currency auction was held in the Central Bank of Iraq on the 02-02-2015

The results were as follows:

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

wmawhite – Remember…the IMF and the World Bank has been consulting numerous times throughout the years with Iraq (CBI, GOI, Parliament). They know more about Iraq than the Iraqis do and YET! Let’s say that again, YET! the IMF told the entire world that they expect Iraq to enter the economy market during the 1st half of 2016. …what I just posted is FACT…plain and simple…fact.
______________________________________________________________

rcookie – QUICK QUESTION…”IRAQ FAR FROM BEING A PARADISE AND A CESSPOOL“….WHY DURING THE GREATEST WAR AND CONFLICT WITH..MOST VIOLENT ABHORENT TERRORISTIC GROUP IN THE HISTORY OF MANKIND…DID THIS CESSPOOL ATTRACT OVER 5.5 MILLION RELIGIOUS VISITORS…AND BREAK EVERY VOLUME RECORD OF AIR TRAVEL IN IRAQS HISTORY…IN THE PROCESS.  [reference tman23 post 2-2-2016]
______________________________________________________________

tman23 – Much propaganda for “the return of Iraqi’s”…See the planes leaving Kurdistan and the boats arriving in Greece… See the citizens selling everything they have to get out of Iraq with their families…See Iraq working with Netherlands to “forceably” deport Iraq citizens back to Iraq… Sure some Iraqi’s fled to europe expecting streets paved in gold etc..etc…and where disappointed because they were not greeted with gift cards and gold…But no matter how much we all would like to see a RV…make no mistake…Iraq is far from being paradise… Quite frankly the fact is…it is a cesspool!
______________________________________________________________

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:  “The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks ”  Big move for them technology wise. And surely necessary for the advancement of the banking system on a global scale.
______________________________________________________________

Mnt Goat – Article quote: “A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis.”  WOW! So the average citizen will automatically also get 18% on their money.  Incidentally this also meets a goal recommended by the IMF to help them out of the liquidity problem. More money in the banks allows more money for the banks to loan out. With this new diversification effort the banks will need all the money they can get and this will bring billions of dinars into the banks. Do you think this effort might also raise the value of the dinar as it creates an automatic demand for it…this is such HUGE news… Remember I told you something BIG was brewing and now all of today’s news is telling us this BIG news.   [post 2 of 2]
______________________________________________________________

Mnt Goat – …the CBI has announced they are …launching the e-dinar (electronic dinar) payment system. This is planned to be used for the government to deposit the retirees, displaced salaries and salaries of the government employees automatically in their bank accounts. It will also tie into the SMART cards. What does this do for the financial reform?  – it forces the citizens to trust in the banks, something some day they too will take for granted.  – it cuts down on corruption and bribery  – it paves the way to ending the currency auctions.  – reduces the problems of handling cash (less of the 3 zero notes in circulation).   [post 1 of 2….stay tuned]
______________________________________________________________

Kaperoni – Article quote:   “citizens to the acquisition of national bonds, which will present soon, instead of relying on “hoarding money”…”   Well…this is more related to getting the 30 trillion or so out of the mattresses than anything else.  They are issuing bonds at a higher interest rate, 50k notes, and selling gold.  All are good…but fall short of the real need…deposit insurance.    They really need to start reducing the money supply (to strengthen the dinar) which will allow them to control the spread within the 2%.   We continue to watch and see.
______________________________________________________________

Mnt Goat – We have already seen Iraq being set up with the SWIFT code system (Society for Worldwide Interbank Financial Telecommunication code) An internationally-recognized identification code for banks around the globe. Just recently we witnessed news that Iran too was re-hooked back into SWIFT on Jan 31st. Is this coincidental that these articles are so close in proximity to each other?  So now we see Iraq working on their domestic systems. But they are not hooking them up instead they are instructing and teaching the banks how to use them. We witnessed the electronic system installations a very long time ago in Iraq.  These systems need to coordinate with the SWIFT system and this is what they are now doing. Is this amazing news or what? As [Guru] Millionday would say WOOOPOW! This is how close we are to the RV! ​
______________________________________________________________

Kaperoni – Article:  “The introduction of tariffs in all border crossing points”  Quote:  “the border crossings began work applying the tariff system on imported goods in all ports and airports, including the Kurdistan region outlets since the 16th of last month.”   Let’s hope the pressure starts.
______________________________________________________________

rcookie – [tax and tarriffs but no rate increase?]  NOT YET…BUT COMING…IMO.
______________________________________________________________

wmawhite –  [with taxes & tariffs being collected now, how realistic is it that we have to wait until almost the end of the first 6 months? Can Iraq last that long?]  I don’t know…however, think about it…who would know better about how long this and how long that? The IMF…and the WB.  But what is significant about entering the economy/global market? The status of the IQD must change. It must be Iraq primary means of conducting international commerce. When that happens, IMO, Iraq will not be able to do that at its artificial value.
______________________________________________________________

rcookie – [when do you think these auctions will stop?]  WHEN THE CBI & IMF FEEL THEY HAVE THE DIRE LIQUIDITY CRISIS WE READ ABOUT EVERY DAY IN A TENABLE STATE FOR THE NEXT STEP…THEY NEED CURRENCY…THE NEXT STEP WILL BE SOPPING UP THE USD FROM THE MARKET AS THEY TRANSITION FROM MCP…AND RETAILERS USE IQD FOR PURCHASE TRANSACTION PROCESS… [I thought they were trying to dry up the dollar already?] THEY ARE..BUT…LIQUIDITY IS DIRE.  [post 2 of 2]
______________________________________________________________

rcookie – I WAS READING SOME COMMENTS ABOUT THE WARKA BANK ANNOUNCEMENT…SOME THINKING THE INTERNATIONAL CURRENCY MEANT RATES.  [well it is an international bank.] IT IS…BUT 1 OF THE LARGEST PRIVATE BANKS IN IRAQ…THAT WAS PUT UNDER “GUARDIANSHIP STATUS” IN 2013 TO SUPERVISE THEIR INSOLVENCY…AFTER REHABILITATION & RESTRUCTURING…THAT GUARDIANSHIP WAS LIFTED THE OTHER DAY..ALLOWING THEM TO RE-ENGAGE IN BANKING ACTIVITIES INCLUDING THE AUCTIONS…AND VERY IMPORTANT IN REGARD TO THE MASSIVE BANKING SECTOR SHAKE UP GOING ON AS WE SPEAK…WITH THE PRIVATIZATION OF THE 2 BIG STATE BANKS.   [post 1 of 2….stay tuned]
______________________________________________________________

firefly – The HCL is NOT a requirement for any currency shift.  When the border tariffs are activated I’m pretty darn sure we will see what we have been waiting for!
______________________________________________________________

Millionday – …FEW DAYS AGO ABADI WAS GOING TO MEET WITH IMF AND THERE WAS TO BE AN ECONOMIC MEETING IN SWITZ — THIS IS AN ANNOUNCEMENT FROM ABADI`S OFFICE CONCERNING THE RESULTS:  “we have coordinated with the Bank and the International Monetary Fund to develop a plan to overcome the financial crisis.”   IT APPEARS THAT A PLAN HAS BEEN CREATED TO BRING IRAQ BACK TO A HEALTHY ECONOMY.  SO AS WE SEE THEY ARE MOVING FORWARD WITH THE WORLD BANK AND THE IMF IN IRAQ TO OVERCOME THE FINANCIAL CRISIS IN IRAQ.
______________________________________________________________

tlm724 – Article quotes:  “Oil Minister Adel Abdul Mahdi, in his speech at the forum that there is a national agreement on the importance of re-establishing national oil company, according to a deliberate steps legally and economically to return to the normal situation for the oil sector…and that is every citizen shares in this company…and the law of oil and gas that will be passed”  thats very encouraging…in line with what came in the Iraqi constitution, the people are going to get their share of the oil profits finally!  *hallelujah*  awesome to see them move forward!!
______________________________________________________________

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…

Psalm 37:4 (NKJV)

4 Delight yourself also in the Lord,
And He shall give you the desires of your heart.

Heavenly Father, Thank You for Your Word! Thank You that You are Faithful and True! We ask You to keep us soft and pliable in Your Hands 🙂 In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.30.2015

______________________________________________________________

What the government is good at is collecting taxes, taking away your freedoms and killing people. It’s not good at much else. – Tom Clancy

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

firefly – Remember, The IMF cannot physically revalue a country. Their job is to monitor, assist and approve a currency shift or deny one.  If they approve it, it is sent to the BIS…Bank of International Settlements.  Once the BIS puts their stamp on it it is returned to the IMF who then informs the country.  That is the process.  [Are they about done with this process?]  Certainly appears that way.
______________________________________________________________

mike – Article quote:  “…January 30: Under the slogan of “decentralized service…stability…development toward a united Iraq,” was launched on Saturday”    This is a great article, it’s one of the things I’ve been waiting for.  De-centralization is the key to Iraq’s future success, the old, centralized socialist economic model will not work anymore with the oil at $30 a barrel.  Hopefully, the plan is to rapidly move to an open market economy where capitalism moves this country forward and away from the control of the central government
______________________________________________________________

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!!)

______________________________________________________________

Breitling – article [Iraq sells bonds to local citizens for the first time since 2003 ]   Were they already selling  bonds?  What they were doing was selling bonds to anyone who had US dollars, it was meant to raise  money internationally to get more US dollars into Iraq as they can and now this last campaign Iraq is selling bonds specifically to Iraqi citizens for the US dollar and they’re concentrating on it.  So they tried to sweep in a lot of US dollars from outside of the country and now they are trying to sweep up the US dollar even more inside of Iraq.  So that’s HUGE news for us.  It means everything…here we are, you’re watching the note count being reduced.  You’re watching the US dollar being pulled out of the market.  You’re watching the build up of the reserve with the US dollar from bonds.  You’re watching them build up their gold reserve.
______________________________________________________________

firefly – “(Announcement issued by the Central Bank of Iraq) the Bank would like to announce support for the efforts to rehabilitate the Warka Bank for Investment & Finance and allow him to exercise all banking activities 01/28/2016”   This announcement is pretty darn BIG.  [what does this announcement mean?]  Warka is international.  Appears guidelines were met.  I don’t have a date but I advise you folks to be READY!  IMO we are overdue!  I am more excited than I have ever been.
______________________________________________________________

wmawhite – [Do you think it will go alongside Iran?] No…and what Iran does or doesn’t do, IMO, is like the drunk in the stands at a ball game…keep your eye on the ball.  I am putting my money with what the IMF has told the world…Iraq will enter the markets during the 1st half of 2016.   I am sure that when the IMF put together this MoU with the MoF and the CBI that they were well aware of everything going on throughout Iraq, Iran and the ME.
______________________________________________________________

Executive Director of the stock market calls for the establishment of an independent financial centers in the provinces

BAGHDAD / Karim Jassim al-Tai / .. invited the Executive Director of the Iraqi market for securities Taha Ahmed Abdul Salam to the need for the Iraqi provinces to establish an independent financial centers.

He said Abdul Salam said in a statement singled out by the agency / JD /: that the market expressed his willingness to cooperate and to provide all the support with all Iraqi provinces that want to create an independent financial centers Daha.mbana that the market gave seminars in a number of Iraqi universities, including Basra, Diwaniya and Najaf, and others in order to encourage the creation of investment centers related to the Iraq market for securities…

REPORT COURTESY OF HOLLY 1 !!!

Read More: http://www.dinarupdates.com/showthread.php?29211-Executive-Director-ISX-calls-for-independent-Province-Financial-Centers-1-27
______________________________________________________________

Millionday – [Do you think they have been waiting for Iran all this time as part of the plan?]  I THINK THAT IT IS VERY INTERESTING DUE TO THE HUGE HUGE AMOUNT OF FUNDS IN IRAQI BANKS AND THEIR ECONOMIC CONDITION AND MANY TRADE AGREEMENTS AS WELL.  [Can Iraqi RV with Iranian cut forces and Isis still running around in there country and access to Dinar?]  THEY HAVE THE POWER TO MOVE FORWARD AND THE IMF HAS NOW STATED THEY ARE JUST MONITORING THE IMPLEMENTATION OF IRAQ`S ECONOMIC REFORM.  I THINK THAT THE MOVE TO A MARKET ECONOMY AND TO THE GLOBE WITH THE REFORMS WILL LEAD THEM TO TRADE WITH THE GLOBE.  [post 2 of 2]
______________________________________________________________

Millionday – Article quote: “The Society for Worldwide Interbank Financial Telecommunication (SWIFT) would restore its services to Iranian financial institutions by January 31…”   IRAQ RELUCTANTLY HAD TO STOP USING THE INTERNATIONAL BANKS OF IRAN DUE TO THE SANCTIONS… THIS WILL ALL BE LIFTED IN BANKING BY JANUARY 31ST…  SWIFT CODES (COMPLETE IN IRAQ) ARE SO IMPORTANT ACROSS BORDERS.   THE SWIFT CODES ARE NEEDED FOR THEM TO SEND MONEY BACK AND FORTH FOR TRADE OF ANY KIND.   [post 1 of 2….stay tuned]
______________________________________________________________

Mnt Goat – Parliament is now in session way over a week already and we have not yet seen much on the needed laws we have been waiting for.  Earlier this week we heard confirmation that the Amnesty law is agreed upon by all and ready for a final vote. The 2016 budget has also been passed, ratified and in the gazette. It is now open for spending allocations, but no RV (…it is NOT any indicator of the RV anyhow, it was not in 2012, 2013, 2014, 2015 and it is not in 2016).  The problem of a huge deficit for 2016 still lingers as Abadi and parliament try to find ways to fill the gap. Now recent news that they are at least considering under study of increasing the value of the currency as an alternative solution.
______________________________________________________________

Breitling – […noticed the 10K notes are now limited…this is a good sign.] Damn right it’s a good sign! It’s a beautiful sign!  It’s because they’ve reduced the note count…where everybody is feeling it.   Inside the U.S. where we have that liquid market that we have for the dinar, about half the people that own dinar actually got out… but the other half is unwilling to sell so that creates a shortage on both ends from the brokerage firms.  There’s not all this dinar coming out of the middle east like it used to and then on our end it’s not circulating back and forth, the velocity of the currency is not what it used to be.  This means something very very big for us and it’s a beautiful thing.
______________________________________________________________

Kaperoni – the depletion of reserves (I don’t believe they are below 50 billion yet.)  only puts more pressure on Iraq to get the market economy started and close down the auctions.   I think we are still on track.
______________________________________________________________

SteveI – [The new CBI bank site has been up for a while…This is the first time however they have linked the Old CBI site to the new CBI site.]  Yes we are all aware of that site being around for some time now, but the linking between the two is new and now with new data.  [Wasn’t it assumed a while back that when we saw the new website getting activated that we were about to see everything unfold with the dinar.]  That is a pretty good assumption. We are getting very close.
______________________________________________________________

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…

Psalm 37:4 (NKJV)

4 Delight yourself also in the Lord,
And He shall give you the desires of your heart.

Heavenly Father, Thank You for Your Word! Thank You that You are Faithful and True! We ask You to keep us soft and pliable in Your Hands 🙂 In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.28.2015

______________________________________________________________

What the government is good at is collecting taxes, taking away your freedoms and killing people. It’s not good at much else. – Tom Clancy

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Adam Montana – I mentioned 2 major things last week: Parliament and Price of Oil.  Parliament is stalled… no news out of them this week.  But it won’t stay that way for long – things will pick up speed again, just as sure as the sun will go down and come up again. So forget about Parliament for a minute, and let’s talk about Oil.  Crude has crashed over the past couple months, and I’m not going to bore you with  a long analysis…I’m just going to give you my opinion – as of this morning, I’m finally starting to feel like we may have reached the bottom. Once we’ve reached the bottom, prices should stabilize and that’s when I believe the CBI will loosen it’s grip on Parliament (yes, I believe that the CBI has MAJOR strings to pull in the GOI), and once we’re looking at a consistent uptick in oil… THAT is what we are looking for. It could trigger the HCL out of sheer necessity, and then we’re in business. Of course, I could be wrong on this “bottom”.   [post 2 of 2]
______________________________________________________________

Adam Montana – To be completely frank on the situation, the IQD isn’t nearly as complicated as a lot of people make it out to be… but in some ways, it’s much MORE complicated.  Here’s how it is simple: The CBI has the final say in the exchange rate of the Dinar. PERIOD! The IMF doesn’t control the rate, Maliki has no control over it…  When the CBI says “The new rate is X”, that’s it. No approvals from Obama, no vetoes from Putin, nothing will change it. When the CBI pushes the button, it’s DONE.  Now here’s how it’s complicated: The IQD isn’t currently traded on FOREX. It’s not a currency you can go to Wells Fargo or Chase and exchange at the counter. It’s not at the Currency Exchange booths in airports, and you can’t currently use it to buy bread at your local store.  But the IQD does have an impact on the bigger global picture. The world, at least the intelligent and aware portion, is well aware that the IQD is in existence and has the potential to create BIG waves in the global economy!   [post 1 of 2….stay tuned]
______________________________________________________________

Millionday – THEY HAVE BEEN GIVEN THE REIGNS — THIS IS HANDS OFF AND JUST MONITORING — NOT DOING ANYTHING BUT MONITORING — THE HELP TO GET TO THIS POINT HAS BEEN GOING ON FOR YEARS AND NOW THEY HAVE FORMALLY ANNOUNCED THAT IRAQ IS READY TO IMPLEMENT AND THE IMF WILL MONITOR…THIS IS HUGE.  IRAQ IS THEIR OWN COUNTRY AND CBI IS INDEPENDENT.
______________________________________________________________

Kaperoni – There is no revalue or overnight event…but a gradual appreciation based on the economic growth, GDP of Iraq. The process to raise the value is based on economic principals, not some arbitrary number. Most importantly, the dinar is directly related to the creation of a market economy.  So as the world comes to Iraq to invest (once the laws are in place), it will create an economic boom of sorts, and as a result of billions of dollars will begin flowing through the CBI’s capital account to participate in investment projects, the result will create inflationary pressure in the country. When the CBI moves to Article VIII (which we expect this year to happen at or about the same time as the passing of the laws), and begins to float the dinar, the dinar will rise in value gradually to counter that inflationary pressure created from the influx of investors…it is absolutely necessary that the dinar appreciate in value as part of the process.
______________________________________________________________

Executive Director of the stock market calls for the establishment of an independent financial centers in the provinces

BAGHDAD / Karim Jassim al-Tai / .. invited the Executive Director of the Iraqi market for securities Taha Ahmed Abdul Salam to the need for the Iraqi provinces to establish an independent financial centers.

He said Abdul Salam said in a statement singled out by the agency / JD /: that the market expressed his willingness to cooperate and to provide all the support with all Iraqi provinces that want to create an independent financial centers Daha.mbana that the market gave seminars in a number of Iraqi universities, including Basra, Diwaniya and Najaf, and others in order to encourage the creation of investment centers related to the Iraq market for securities…

REPORT COURTESY OF HOLLY 1 !!!

Read More: http://www.dinarupdates.com/showthread.php?29211-Executive-Director-ISX-calls-for-independent-Province-Financial-Centers-1-27
______________________________________________________________

Millionday – Article quote:  “IMF staff will work closely with the authorities to monitor progress in the implementation of their economic program.”   THE IMF STAFF WILL WORK CLOSELY WITH THE AUTHORITIES TO MONITOR PROGRESS IN IRAQ`S IMPLEMENTATION OF THE ECONOMIC PROGRAM — THEY ARE READY TO IMPLEMENT ACCORDING TO THE IMF LAST WEEK.  THE ECONOMIC REFORM INCLUDES ALL ECONOMICS — BANKS — MONETARY — FUNDING — MARKET — ETC.   [post 1 of 2….stay tuned]
______________________________________________________________

wmawhite – [you once stated that IMF says before the 1st half of 2016 we will see economic change…what do you feel is their deadline…]   I do not believe there is a deadline for the public to know about. IMO, there are timelines for the CBI/GOI to meet. In fact, the IMF has told us so. Either way, the IMF has their expectations.
______________________________________________________________

Blondie – Iraq is an very rich country (Dr. Shabbibi said so in a CNBC interview years ago), but they have a liquidity problem. Making a guestimate based on publicly published findings over the last 5 years or so, companies have reported “successful discoveries” of previously unknown oilfields to the tune of (guesstimating here) maybe 15 billion barrels (and there’s a good possibility that there’s even more still to be found). At $30/bbl., that’s in the neighborhood of $460B. Doing the multiplication, you get 542.8 Trillion dinars. This is in no way “scientific” and is only an educated guess, and it doesn’t include previously known and tapped oilfields that have been producing for years (where the “Oil For Food” program came from). The above is just oil, not natural gas, gold, agriculture etc. Of course, Iraq knows this. This may be why everybody is lending them money and wants to be their BFF. The “hand-holding” they’re getting from world agencies is to help ensure they do it smoothly and correctly. But do your own research and due diligence — all of this information is publicly available.
______________________________________________________________

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 – Article quote:  “Iraq Osama Mahmoud importance of unifying laws and legislation governing economic action, pointing to the importance of linking the Iraqi dinar to the global economy and thus achieve a monetary value to him in front of the world’s currencies…”   THAT REPORT AND STATEMENTS ARE FROM…OSAMA MEHMOUD…THAT IS IRAQS LEAD STOCK MARKET ECONOMIST/STRATEGIST… WHO HAS BEEN VERY VOCAL & POSITIVE IN LAST COUPLE MONTHS…
______________________________________________________________

Frank26 – [Is the main CBI branch in Baghdad distributing LD’s?]   no…no one is distributing LD’s right now.  [Rumors say that OPEC is stepping in to raise oil prices, how will that affect Iraq’s RV rate?]    we hope it would fuel it…in fact OPEC is in cahoots with the US and we are making these arrangements to raise the price of oil now…IMO  [Do you think there is a chance that all the steps are done and they are keeping it quiet?]   no…no…there are things that need to be done and they are doing them.
______________________________________________________________

Breitling – …The IMF is not in the position right now, nor do they want to mess with Iraq’s economy or currency.  Here’s the math….I’ve got to go back through a lot of papers and research about how I got to that number but if the IMF took control tonight and tried to get their money/investment back they could actually raise the value of the dinar like .27 cents and that’s it.  That’s all the management rights they have from the loans that they gave.  That’s a default.  Iraq is paying the interest on their loans and they can get refinanced if they have to.  So there is no handling by the IMF right now.  Iraq is not doing anything bad.  If the oil market goes down and they have to adjust their budget and they have to change their payments with the IMF…guess what?  The IMF is more than happy to do that.   They do that all the time…they don’t care…they always adjust.  So the IMF would only get involved in Iraq if they default and stop paying and if the IMF did take control they could revalue the currency up to around .26 to .27 cents.  Very easy but they are not in that process right now. [Post 2 of 2]
______________________________________________________________

Backdoc – I THINK WE HAVE SOME HUGE CLUES AS TO THE NATURE OF IRANS’ CURRENCY VALUE BASED ON WHAT T… I HAVE STUDIED!  FIRST, THE STOCK MARKET RISE OF A THOUSAND POINTS LENDS ME TO BELIEVE THAT IRAN WILL ALSO GO 1 TO 1 ON VALUE!  THE KUWAIT CURRENCY WILL BE NECK AND NECK WITH MR. LONELY [IRAQ] BECAUSE THEY ARE PARTNERS IN SO MANY BUSINESS DEALS. KUWAIT SHOULD ALWAYS BE VERY CLOSE! IT LOOKS LIKE TALK IS CHEAP AND SOON IT WILL BE TIME TO PUT UP OR SHUT UP!!!   [post 3 of 3]
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Backdoc – ANOTHER POINT TO NOTE IS A FEW DAYS AGO WE SAW IRAN’S STOCK MARKET RISE A THOUSAND POINTS IN ONE DAY…BACK IN MARCH…2015 WE SAW IRAQ’S STOCK MARKET SHOOT UP A THOUSAND POINTS AS WELL! THE INTERESTING POINT WAS, THE MARKET WAS CLOSED WHEN IT HAPPENED IN IRAQ!  I BELIEVED IT WAS THE STOCK MARKET READJUSTING THE STOCK VALUES REFLECTING THE ZEROS BEING DROPPED! AND NOW IN HIND SIGHT IT WAS JUST THAT!  THEY ARE MAKING ALL THE PREPARATIONS NEEDED FOR A FEBRUARY LAUNCH…WE KNOW THEY WILL LAUNCH TOGETHER AS IRAN SAYS! THEY WILL JOIN THE WTO TOGETHER…THE TIMING OF THEIR RE-ENTRY TO THE WORLD WILL BE TOGETHER! THEY WILL QUALIFYING FOR THE 90 DAY REQUIREMENT, TOGETHER!   [post 2 of 3….stay tuned]
______________________________________________________________

Backdoc – AS WE ALL KNOW WHEN THE IMF SPEAKS THEY ALWAYS TELL THE TRUTH. WHEN THEY MENTIONED EARLIER THAT IRAQ WILL RE-ENTER THE WORLD IN THE FIRST HALF OF THE YEAR I BET YOUR MIND WENT DIRECTLY TO THE RATE OR THE MONEY ISSUE…   ONCE I THOUGHT ABOUT IT…ENTERING THE WORLD MEANS MORE THAN JUST A CURRENCY! TRADE AND SHIPPING IS A MAJOR GOAL OF IRAQ TO PROPERLY AND FULLY ENTER THE WORLD!  [post 1 of 3….stay tuned]
______________________________________________________________

SteveI – Article: “Association of Iraqi banks sign a partnership agreement and exchange of experiences with the Union of Arab Banks”  Quote:   “…this will be the biggest opportunity in order to open the door for investment in Iraq’s banking sector.”   Things are really starting to line up and this is yet another great article.  I love where all of this is headed. I do believe we all know what that is.  [This my friends is going to be GREAT year!]   I am sure it will be an AWESOME year!!
______________________________________________________________

rcookie – IRAN BACK IN BUSINESS WITH SWIFT AS OF JAN 31ST!  SWIFT IS INTERNATIONAL BANKING & FINANCIAL COMMUNICATIONS PLATFORM….SHUT OFF BY EU DIRECTIVE IN 2012…THEY STARTED THIS JCPOA PROCESS ON THE 16TH…AND WILL BE FULLY ENGAGED BY THE 31ST…THE IRAN CENTRAL BANK GOVERNOR HAS MADE STATEMENTS TOWARD POST SANCTION CURRENCY VALUATION CHANGE AFTER REACHING CERTAIN INFLATION GOALS …ETC.  THEY JUST SIGNED… OVER THE WEEKEND $60 BILLION TRADE AGREEMENT WITH CHINA…SO IF IRANS RE-ENTRY AND CONNECTION TO GLOBAL MARKET…IS RELEVANT IN IRAQS ACTIONS AND URGENCY…YOU HAVE DATES.  NOBODY SAYING IT IS THE IMPETUS OR TRIGGER FACTOR…JUST A RELEVANT REGIONAL INDICATOR…GIVEN THEIR HISTORY AND TRADE RELATIONSHIPS….
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 01-27-15 

Currency Auctions Announcement No. 3124

This daily currency auction was held in the Central Bank of Iraq on the 01-27-2015

The results were as follows:

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

Aggiedad77 – …just what its the value of Iraq’s resources…   I seriously think they may not know…as for the oil, I have said for a number of years, their seismic information is or has been very old and outdated…unless they have paid for new surveys I doubt there have been any updates…and it’s my opinion that they have hardly scratched the surface to know what their true reserves might be…their precious metals and minerals are largely untapped and unknown as well…true value…who knows.
______________________________________________________________

Breitling – Does the IMF control the situation in Iraq with their currency because of the loan they gave out?  So I started doing my research to look at any article that came out…Come to find out there is none.  There is nothing out there that says anything…That’s why we go by the numbers.  What the IMF can do and the way they’re structured…  The IMF gives out loans to emerging economies or economies that are in emergency.  Let’s say Iraq’s plan is to get to a buck (that’s true by the way, their plan is to get to $1.17) well the IMF because of the management rights they have because of the loans…if they needed to add value to that currency to get their loan back it’s only a small percentage like 26-27% and even more any country they get involved with it’s almost the same formula they use with every country… [Post 1 of 2 stay tuned for the rest of the IMF and Iraq story…]
______________________________________________________________

Frank26 – The IMF is working with Dr. Shabibi…the IMF is working with the CBI.  …from the IMF…”The Government Will Gradually Remove Remaining Exchange Restrictions and Multiple Currency Practices with a View to Eliminate Rate Distortion”…come on man…how much clearer can that be...the government will gradually remove remaining exchange restrictions…those things are preventing us from moving from a program rate to an international rate…
______________________________________________________________

SteveI – [there sure has been some very telling articles about what Iraq is doing and how they are doing it to join the globe…along with how they will back their currency…its as if they are driving the field for a touchdown and they are now on the 10 yard line…lets do this Iraq.]   Great analogy, as long as there is no fumble or interception on the final few plays.  The finish line is near!
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from – 01/26 – @ 3:30pm CST

Smart phone user link – Click here

______________________________________________________________

wmawhite – “how close are we?”   …the IMF told you how close you are.  [THIS CAN GO AT ANY TIME?]  Yes, at any time.   …every day we read where Iraq is not waiting…they are doing/accomplishing those items that must be done prior to entering the markets. Again, IMO. there is not waiting, there is no delay, it is coming.
______________________________________________________________

SteveI – [Looks like things are moving in Mosul? Is that still the key?]  For the most part, yes. The country has to be secure.
______________________________________________________________

rcookie – THEY ARE FIGHTING THE BIGGEST WAR ON TERRORISM IN HISTORY OF MANKIND… IMPLEMENTED COMPREHENSIVE SOCIAL…POLITICAL AND ECONOMIC REFORMS AT ALL LEVELS…IMPLEMENTED…SALARY LADDER…HIRING FREEZES…SUBSIDY CUTS …TARIFF IMPLEMENTATION…AND ALL AMIDST A MAJOR PRICING CRISIS TO OIL…AND MAINTAINED 2.3 % INFLATION WITH AN NON EXISTENT CURRENCY VALUE…WHAT THEY HAVE DONE…ALL UNDER SEVERELY ADVERSE CONDITIONS IS NOTHING SHORT OF REMARKABLE.
______________________________________________________________

Backdoc – ABOUT 3 OR 4 DAYS AGO, IRAN SAID THEY WOULD NOT LAUNCH OR RE-ENTER THE WORLD WITHOUT IRAQ BECAUSE IT WOULD CAUSE A TRADE IMBALANCE! THIS MEANS THEY ARE ADHERING TO “THE DEAL”.  WE SEE IRAN STATE THAT IN A WEEK OR TWO THEY WOULD BEGIN TO RE-ENTER THE WORLD SLOWLY!  ISN’T IT INTERESTING THAT 2 WEEKS FROM TODAY [MONDAY 1-25-16]  IS THE 8TH?  ONCE THEY START, THEY SAID IT WOULD TAKE A LITTLE LESS THAN A MONTH!   ​IF IRAN AND IRAQ BOTH LAUNCH WITH OTHER SIGNIFICANT CURRENCIES LIKE THE DONG AND RUPIAH (WHICH THEY WILL), THEY WOULD BE IN COMPLIANCE FOR WTO INDUCTION IN JUNE!  [post 2 of 2]
______________________________________________________________

Iraqi Dinar Currency to be Powerful to Enter in the Global Currency Markets

Osama Mehmoud, the global stock representative in Iraq stressed about the importance of integrative laws and economic action of law making. He also pointed out that linking the Iraqi dinar currency to the global economy has its own importance. The Iraqi currency should achieve its value against the global currencies. It would allow in providing more power to the economic process in the country. He further added in his press interview that current economic condition in Iraq needs more care. He pointed out that most of the laws related to the Iraqi economy are still need to get regulations for the economic management in the economic sector, according to the formula. The process in trade and economy are following an open economy as it is called market economy.

He further added that it would improve the economic management that would produce an uncertain economy. There are many industrialized nations depending on the open market that implemented the processes of production and the theory of import and export. The commercial exchange process between a numbers of companies should adopt a unified economic system. He gave an example of Iraqi economic reality that is continuously depending on letters of guarantee issued to the traders to manage the operations of import of goods. It is showing the limitations to the Iraqi verbal disapproval within the banks. It is also stopping to spread the Iraqi dinar currency into the international markets. As a result, the Iraqi dinar value decreased and unable to trade outside the Iraq. He stressed that importance of presenting the Iraqi dinar currency in the global currency markets.

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

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…

Psalm 37:4 (NKJV)

4 Delight yourself also in the Lord,
And He shall give you the desires of your heart.

Heavenly Father, Thank You for Your Word! Thank You that You are Faithful and True! We ask You to keep us soft and pliable in Your Hands 🙂 In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 01.27.2015

http://www.cbi.iq/

______________________________________________________________

What the government is good at is collecting taxes, taking away your freedoms and killing people. It’s not good at much else. – Tom Clancy

______________________________________________________________

*** Current Posts ***

______________________________________________________________

wmawhite – [you once stated that IMF says before the 1st half of 2016 we will see economic change…what do you feel is their deadline…]   I do not believe there is a deadline for the public to know about. IMO, there are timelines for the CBI/GOI to meet. In fact, the IMF has told us so. Either way, the IMF has their expectations.
______________________________________________________________

Blondie – Iraq is an very rich country (Dr. Shabbibi said so in a CNBC interview years ago), but they have a liquidity problem. Making a guestimate based on publicly published findings over the last 5 years or so, companies have reported “successful discoveries” of previously unknown oilfields to the tune of (guesstimating here) maybe 15 billion barrels (and there’s a good possibility that there’s even more still to be found). At $30/bbl., that’s in the neighborhood of $460B. Doing the multiplication, you get 542.8 Trillion dinars. This is in no way “scientific” and is only an educated guess, and it doesn’t include previously known and tapped oilfields that have been producing for years (where the “Oil For Food” program came from). The above is just oil, not natural gas, gold, agriculture etc. Of course, Iraq knows this. This may be why everybody is lending them money and wants to be their BFF. The “hand-holding” they’re getting from world agencies is to help ensure they do it smoothly and correctly. But do your own research and due diligence — all of this information is publicly available.
______________________________________________________________

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 – Article quote:  “Iraq Osama Mahmoud importance of unifying laws and legislation governing economic action, pointing to the importance of linking the Iraqi dinar to the global economy and thus achieve a monetary value to him in front of the world’s currencies…”   THAT REPORT AND STATEMENTS ARE FROM…OSAMA MEHMOUD…THAT IS IRAQS LEAD STOCK MARKET ECONOMIST/STRATEGIST… WHO HAS BEEN VERY VOCAL & POSITIVE IN LAST COUPLE MONTHS…
______________________________________________________________

Frank26 – [Is the main CBI branch in Baghdad distributing LD’s?]   no…no one is distributing LD’s right now.  [Rumors say that OPEC is stepping in to raise oil prices, how will that affect Iraq’s RV rate?]    we hope it would fuel it…in fact OPEC is in cahoots with the US and we are making these arrangements to raise the price of oil now…IMO  [Do you think there is a chance that all the steps are done and they are keeping it quiet?]   no…no…there are things that need to be done and they are doing them.
______________________________________________________________

Breitling – …The IMF is not in the position right now, nor do they want to mess with Iraq’s economy or currency.  Here’s the math….I’ve got to go back through a lot of papers and research about how I got to that number but if the IMF took control tonight and tried to get their money/investment back they could actually raise the value of the dinar like .27 cents and that’s it.  That’s all the management rights they have from the loans that they gave.  That’s a default.  Iraq is paying the interest on their loans and they can get refinanced if they have to.  So there is no handling by the IMF right now.  Iraq is not doing anything bad.  If the oil market goes down and they have to adjust their budget and they have to change their payments with the IMF…guess what?  The IMF is more than happy to do that.   They do that all the time…they don’t care…they always adjust.  So the IMF would only get involved in Iraq if they default and stop paying and if the IMF did take control they could revalue the currency up to around .26 to .27 cents.  Very easy but they are not in that process right now. [Post 2 of 2]
______________________________________________________________

Backdoc – I THINK WE HAVE SOME HUGE CLUES AS TO THE NATURE OF IRANS’ CURRENCY VALUE BASED ON WHAT T… I HAVE STUDIED!  FIRST, THE STOCK MARKET RISE OF A THOUSAND POINTS LENDS ME TO BELIEVE THAT IRAN WILL ALSO GO 1 TO 1 ON VALUE!  THE KUWAIT CURRENCY WILL BE NECK AND NECK WITH MR. LONELY [IRAQ] BECAUSE THEY ARE PARTNERS IN SO MANY BUSINESS DEALS. KUWAIT SHOULD ALWAYS BE VERY CLOSE! IT LOOKS LIKE TALK IS CHEAP AND SOON IT WILL BE TIME TO PUT UP OR SHUT UP!!!   [post 3 of 3]
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Backdoc – ANOTHER POINT TO NOTE IS A FEW DAYS AGO WE SAW IRAN’S STOCK MARKET RISE A THOUSAND POINTS IN ONE DAY…BACK IN MARCH…2015 WE SAW IRAQ’S STOCK MARKET SHOOT UP A THOUSAND POINTS AS WELL! THE INTERESTING POINT WAS, THE MARKET WAS CLOSED WHEN IT HAPPENED IN IRAQ!  I BELIEVED IT WAS THE STOCK MARKET READJUSTING THE STOCK VALUES REFLECTING THE ZEROS BEING DROPPED! AND NOW IN HIND SIGHT IT WAS JUST THAT!  THEY ARE MAKING ALL THE PREPARATIONS NEEDED FOR A FEBRUARY LAUNCH…WE KNOW THEY WILL LAUNCH TOGETHER AS IRAN SAYS! THEY WILL JOIN THE WTO TOGETHER…THE TIMING OF THEIR RE-ENTRY TO THE WORLD WILL BE TOGETHER! THEY WILL QUALIFYING FOR THE 90 DAY REQUIREMENT, TOGETHER!   [post 2 of 3….stay tuned]
______________________________________________________________

Backdoc – AS WE ALL KNOW WHEN THE IMF SPEAKS THEY ALWAYS TELL THE TRUTH. WHEN THEY MENTIONED EARLIER THAT IRAQ WILL RE-ENTER THE WORLD IN THE FIRST HALF OF THE YEAR I BET YOUR MIND WENT DIRECTLY TO THE RATE OR THE MONEY ISSUE…   ONCE I THOUGHT ABOUT IT…ENTERING THE WORLD MEANS MORE THAN JUST A CURRENCY! TRADE AND SHIPPING IS A MAJOR GOAL OF IRAQ TO PROPERLY AND FULLY ENTER THE WORLD!  [post 1 of 3….stay tuned]
______________________________________________________________

SteveI – Article: “Association of Iraqi banks sign a partnership agreement and exchange of experiences with the Union of Arab Banks”  Quote:   “…this will be the biggest opportunity in order to open the door for investment in Iraq’s banking sector.”   Things are really starting to line up and this is yet another great article.  I love where all of this is headed. I do believe we all know what that is.  [This my friends is going to be GREAT year!]   I am sure it will be an AWESOME year!!
______________________________________________________________

rcookie – IRAN BACK IN BUSINESS WITH SWIFT AS OF JAN 31ST!  SWIFT IS INTERNATIONAL BANKING & FINANCIAL COMMUNICATIONS PLATFORM….SHUT OFF BY EU DIRECTIVE IN 2012…THEY STARTED THIS JCPOA PROCESS ON THE 16TH…AND WILL BE FULLY ENGAGED BY THE 31ST…THE IRAN CENTRAL BANK GOVERNOR HAS MADE STATEMENTS TOWARD POST SANCTION CURRENCY VALUATION CHANGE AFTER REACHING CERTAIN INFLATION GOALS …ETC.  THEY JUST SIGNED… OVER THE WEEKEND $60 BILLION TRADE AGREEMENT WITH CHINA…SO IF IRANS RE-ENTRY AND CONNECTION TO GLOBAL MARKET…IS RELEVANT IN IRAQS ACTIONS AND URGENCY…YOU HAVE DATES.  NOBODY SAYING IT IS THE IMPETUS OR TRIGGER FACTOR…JUST A RELEVANT REGIONAL INDICATOR…GIVEN THEIR HISTORY AND TRADE RELATIONSHIPS….
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 01-27-15 

Currency Auctions Announcement No. 3124

This daily currency auction was held in the Central Bank of Iraq on the 01-27-2015

The results were as follows:

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

Aggiedad77 – …just what its the value of Iraq’s resources…   I seriously think they may not know…as for the oil, I have said for a number of years, their seismic information is or has been very old and outdated…unless they have paid for new surveys I doubt there have been any updates…and it’s my opinion that they have hardly scratched the surface to know what their true reserves might be…their precious metals and minerals are largely untapped and unknown as well…true value…who knows.
______________________________________________________________

Breitling – Does the IMF control the situation in Iraq with their currency because of the loan they gave out?  So I started doing my research to look at any article that came out…Come to find out there is none.  There is nothing out there that says anything…That’s why we go by the numbers.  What the IMF can do and the way they’re structured…  The IMF gives out loans to emerging economies or economies that are in emergency.  Let’s say Iraq’s plan is to get to a buck (that’s true by the way, their plan is to get to $1.17) well the IMF because of the management rights they have because of the loans…if they needed to add value to that currency to get their loan back it’s only a small percentage like 26-27% and even more any country they get involved with it’s almost the same formula they use with every country… [Post 1 of 2 stay tuned for the rest of the IMF and Iraq story…]
______________________________________________________________

Frank26 – The IMF is working with Dr. Shabibi…the IMF is working with the CBI.  …from the IMF…”The Government Will Gradually Remove Remaining Exchange Restrictions and Multiple Currency Practices with a View to Eliminate Rate Distortion”…come on man…how much clearer can that be...the government will gradually remove remaining exchange restrictions…those things are preventing us from moving from a program rate to an international rate…
______________________________________________________________

SteveI – [there sure has been some very telling articles about what Iraq is doing and how they are doing it to join the globe…along with how they will back their currency…its as if they are driving the field for a touchdown and they are now on the 10 yard line…lets do this Iraq.]   Great analogy, as long as there is no fumble or interception on the final few plays.  The finish line is near!
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from – 01/26 – @ 3:30pm CST

Smart phone user link – Click here

______________________________________________________________

wmawhite – “how close are we?”   …the IMF told you how close you are.  [THIS CAN GO AT ANY TIME?]  Yes, at any time.   …every day we read where Iraq is not waiting…they are doing/accomplishing those items that must be done prior to entering the markets. Again, IMO. there is not waiting, there is no delay, it is coming.
______________________________________________________________

SteveI – [Looks like things are moving in Mosul? Is that still the key?]  For the most part, yes. The country has to be secure.
______________________________________________________________

rcookie – THEY ARE FIGHTING THE BIGGEST WAR ON TERRORISM IN HISTORY OF MANKIND… IMPLEMENTED COMPREHENSIVE SOCIAL…POLITICAL AND ECONOMIC REFORMS AT ALL LEVELS…IMPLEMENTED…SALARY LADDER…HIRING FREEZES…SUBSIDY CUTS …TARIFF IMPLEMENTATION…AND ALL AMIDST A MAJOR PRICING CRISIS TO OIL…AND MAINTAINED 2.3 % INFLATION WITH AN NON EXISTENT CURRENCY VALUE…WHAT THEY HAVE DONE…ALL UNDER SEVERELY ADVERSE CONDITIONS IS NOTHING SHORT OF REMARKABLE.
______________________________________________________________

Backdoc – ABOUT 3 OR 4 DAYS AGO, IRAN SAID THEY WOULD NOT LAUNCH OR RE-ENTER THE WORLD WITHOUT IRAQ BECAUSE IT WOULD CAUSE A TRADE IMBALANCE! THIS MEANS THEY ARE ADHERING TO “THE DEAL”.  WE SEE IRAN STATE THAT IN A WEEK OR TWO THEY WOULD BEGIN TO RE-ENTER THE WORLD SLOWLY!  ISN’T IT INTERESTING THAT 2 WEEKS FROM TODAY [MONDAY 1-25-16]  IS THE 8TH?  ONCE THEY START, THEY SAID IT WOULD TAKE A LITTLE LESS THAN A MONTH!   ​IF IRAN AND IRAQ BOTH LAUNCH WITH OTHER SIGNIFICANT CURRENCIES LIKE THE DONG AND RUPIAH (WHICH THEY WILL), THEY WOULD BE IN COMPLIANCE FOR WTO INDUCTION IN JUNE!  [post 2 of 2]
______________________________________________________________

Iraqi Dinar Currency to be Powerful to Enter in the Global Currency Markets

Osama Mehmoud, the global stock representative in Iraq stressed about the importance of integrative laws and economic action of law making. He also pointed out that linking the Iraqi dinar currency to the global economy has its own importance. The Iraqi currency should achieve its value against the global currencies. It would allow in providing more power to the economic process in the country. He further added in his press interview that current economic condition in Iraq needs more care. He pointed out that most of the laws related to the Iraqi economy are still need to get regulations for the economic management in the economic sector, according to the formula. The process in trade and economy are following an open economy as it is called market economy.

He further added that it would improve the economic management that would produce an uncertain economy. There are many industrialized nations depending on the open market that implemented the processes of production and the theory of import and export. The commercial exchange process between a numbers of companies should adopt a unified economic system. He gave an example of Iraqi economic reality that is continuously depending on letters of guarantee issued to the traders to manage the operations of import of goods. It is showing the limitations to the Iraqi verbal disapproval within the banks. It is also stopping to spread the Iraqi dinar currency into the international markets. As a result, the Iraqi dinar value decreased and unable to trade outside the Iraq. He stressed that importance of presenting the Iraqi dinar currency in the global currency markets.

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

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…

James 1:3-4 (NKJV)

3 knowing that the testing of your faith produces patience. 4 But let patience have its perfect work, that you may be perfect and complete, lacking nothing.

Heavenly Father, Thank You that You are the Author and Finisher of our faith! Thank You for the work You are doing through the Holy Spirit in the Body of Christ. Thank You for Your patience 🙂 In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 01.26.2015

http://www.cbi.iq/

______________________________________________________________

No great thing is created suddenly. – Epictetus

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Breitling – Does the IMF control the situation in Iraq with their currency because of the loan they gave out?  So I started doing my research to look at any article that came out…Come to find out there is none.  There is nothing out there that says anything…That’s why we go by the numbers.  What the IMF can do and the way they’re structured…  The IMF gives out loans to emerging economies or economies that are in emergency.  Let’s say Iraq’s plan is to get to a buck (that’s true by the way, their plan is to get to $1.17) well the IMF because of the management rights they have because of the loans…if they needed to add value to that currency to get their loan back it’s only a small percentage like 26-27% and even more any country they get involved with it’s almost the same formula they use with every country… [Post 1 of 2 stay tuned for the rest of the IMF and Iraq story…]
______________________________________________________________

Frank26 – The IMF is working with Dr. Shabibi…the IMF is working with the CBI.  …from the IMF…”The Government Will Gradually Remove Remaining Exchange Restrictions and Multiple Currency Practices with a View to Eliminate Rate Distortion”…come on man…how much clearer can that be...the government will gradually remove remaining exchange restrictions…those things are preventing us from moving from a program rate to an international rate…
______________________________________________________________

SteveI – [there sure has been some very telling articles about what Iraq is doing and how they are doing it to join the globe…along with how they will back their currency…its as if they are driving the field for a touchdown and they are now on the 10 yard line…lets do this Iraq.]   Great analogy, as long as there is no fumble or interception on the final few plays.  The finish line is near!
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from – 01/26 – @ 3:30pm CST

Smart phone user link – Click here

______________________________________________________________

wmawhite – “how close are we?”   …the IMF told you how close you are.  [THIS CAN GO AT ANY TIME?]  Yes, at any time.   …every day we read where Iraq is not waiting…they are doing/accomplishing those items that must be done prior to entering the markets. Again, IMO. there is not waiting, there is no delay, it is coming.
______________________________________________________________

SteveI – [Looks like things are moving in Mosul? Is that still the key?]  For the most part, yes. The country has to be secure.
______________________________________________________________

rcookie – THEY ARE FIGHTING THE BIGGEST WAR ON TERRORISM IN HISTORY OF MANKIND… IMPLEMENTED COMPREHENSIVE SOCIAL…POLITICAL AND ECONOMIC REFORMS AT ALL LEVELS…IMPLEMENTED…SALARY LADDER…HIRING FREEZES…SUBSIDY CUTS …TARIFF IMPLEMENTATION…AND ALL AMIDST A MAJOR PRICING CRISIS TO OIL…AND MAINTAINED 2.3 % INFLATION WITH AN NON EXISTENT CURRENCY VALUE…WHAT THEY HAVE DONE…ALL UNDER SEVERELY ADVERSE CONDITIONS IS NOTHING SHORT OF REMARKABLE.
______________________________________________________________

Backdoc – ABOUT 3 OR 4 DAYS AGO, IRAN SAID THEY WOULD NOT LAUNCH OR RE-ENTER THE WORLD WITHOUT IRAQ BECAUSE IT WOULD CAUSE A TRADE IMBALANCE! THIS MEANS THEY ARE ADHERING TO “THE DEAL”.  WE SEE IRAN STATE THAT IN A WEEK OR TWO THEY WOULD BEGIN TO RE-ENTER THE WORLD SLOWLY!  ISN’T IT INTERESTING THAT 2 WEEKS FROM TODAY [MONDAY 1-25-16]  IS THE 8TH?  ONCE THEY START, THEY SAID IT WOULD TAKE A LITTLE LESS THAN A MONTH!   ​IF IRAN AND IRAQ BOTH LAUNCH WITH OTHER SIGNIFICANT CURRENCIES LIKE THE DONG AND RUPIAH (WHICH THEY WILL), THEY WOULD BE IN COMPLIANCE FOR WTO INDUCTION IN JUNE!  [post 2 of 2]
______________________________________________________________

Iraqi Dinar Currency to be Powerful to Enter in the Global Currency Markets

Osama Mehmoud, the global stock representative in Iraq stressed about the importance of integrative laws and economic action of law making. He also pointed out that linking the Iraqi dinar currency to the global economy has its own importance. The Iraqi currency should achieve its value against the global currencies. It would allow in providing more power to the economic process in the country. He further added in his press interview that current economic condition in Iraq needs more care. He pointed out that most of the laws related to the Iraqi economy are still need to get regulations for the economic management in the economic sector, according to the formula. The process in trade and economy are following an open economy as it is called market economy.

He further added that it would improve the economic management that would produce an uncertain economy. There are many industrialized nations depending on the open market that implemented the processes of production and the theory of import and export. The commercial exchange process between a numbers of companies should adopt a unified economic system. He gave an example of Iraqi economic reality that is continuously depending on letters of guarantee issued to the traders to manage the operations of import of goods. It is showing the limitations to the Iraqi verbal disapproval within the banks. It is also stopping to spread the Iraqi dinar currency into the international markets. As a result, the Iraqi dinar value decreased and unable to trade outside the Iraq. He stressed that importance of presenting the Iraqi dinar currency in the global currency markets.

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

Backdoc – …THE IMF GAVE A WINDOW FOR THE DINAR’S COMPLETION TO BE BETWEEN NOW AND JUNE!  WE ALL REALIZE THAT BOTH IRAQ AND IRAN WANT AND EXPECT TO BE INDUCTED INTO THE WTO THIS YEAR. THE REALITY IS, THEY NEED AN INTERNATIONAL CURRENCY FOR 90 DAYS PRIOR TO INDUCTION IN JUNE!  …THE DECISION FOR INDUCTION IN JUNE, HAS TO BE MADE IN MAY, THEREFORE, THERE HAS TO BE AN INTERNATIONAL CURRENCY 90 DAYS PRIOR TO DECISION TIME! BINGO!  BACKING UP FROM MAY 90 DAYS PUTS US SOMETIME IN FEBRUARY!  [post 1 of 2….stay tuned]
______________________________________________________________

Millionday – AN ECONOMIC FORUM HAS GONE ON WITH MANY INTERNATIONAL LEADERS AND ABADI WAS THERE.  HE IS NOW BACK.  HE MADE A SPEECH THERE THAT IS HUGE.  ABADI HAS TOLD THE NEW HEAD OF THE EU MISSION [European Union] THAT IRAQ IS READY TO MOVE FORWARD WITH ECONOMIC AGREEMENTS MADE.   …THIS IS HUGE TO MOVE FORWARD WITH BANKING AND CONTRACTS INTERNATIONALLY.
______________________________________________________________

Kaperoni (Dinar Guru) – Article quote:  “this agreement is a great success of the association and will open us the doors of cooperation with the European Union and US Treasury”   IMO, this is a clear sign that the CBI will move to Article VIII soon.  Freedom of movement of capital cannot happen without it…and the UST and EU are part of that.
______________________________________________________________

wmawhite (Dinar Guru) – […what comes first the rate or article 8…?]  Iraq/CBI can change their rate today and if they do not have Article 8 there isn’t two banks anywhere in the solar system that would touch the IQD.
______________________________________________________________

Millionday – “President of the World Bank pointed out that “the success of Iraq is important to the whole world and they are ready for all that Iraq needs support in the experience.”  THE WORLD BANK IS ON BOARD TO PUSH FORWARD WITH IRAQI REFORMS — THAT IS LIKE MUSIC TO MY EARS…UNDERSTAND THIS IS THE PRESIDENT OF WORLD BANK — THE PRESIDENT.  OBVIOUSLY A LOT IS RIDING ON THIS AND WE ARE RIDING ON SKIRT TAILS — …THIS STATEMENT IS HUGE.
______________________________________________________________

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!!)

______________________________________________________________

Hub (Dinar Guru) – facts: the dinar is not a tradeable currency because of sanctions by the United Nations, fact: the dinar is considered an exotic currency by money trading business concerns world wide, yes we bought em, but use em for purchases and see how that goes… fact: the dinar was given a non tradable value to punish iraq for actions toward kuwait. … fact: all countries surrounding iraq have a tradable currency with a value equal to the resources of the country… fact: iraq has been relieved from most sanctions issued by the UN…. fact: the last one , chapter 8 requires a currency revaluation equal to the value of resources of the country... fact iraq is considered to be one of the richest countries in the world. … summation is iraq is to obtain a currency equal to the ability of the resources purchasing value in the world economy…in other words, how much work has to be done to buy a coke
______________________________________________________________

Mnt Goat (Dinar Guru) – I want to say one more time we will not see any significant value increase in the dinar unless certain laws and conditions are met. One of those conditions is the cleaning up of the CBI. I firmly believe that Dr Shabibi must be back in the CBI and it must be announced publicly that he is at the helm “officially” once again. From everything I am hearing from my CBI contact the USA is very angry that this has not yet already happened. They have also sent legislative consultants to assist in streamlining the parliamentary process and so keep asking what is the hold up in passing of the few last remaining needed laws.  As far as any progress on currency reform process we all know that the USA, WTO and the IMF want the lower denominations launched, like yesterday…  We know that once they do launch the lower denominations their must be a 1:1 par with the US dollar for inflation adjustments first, then later a full scale RV is planned at a much higher rate (pre-war plus equity).
______________________________________________________________

rcookie – Article quote:  “…the bank” is long overdue to make the exchange rate adapts to the size of the deficit in the public budget…”  CBI IS LONG OVERDUE TO MAKE EXCHANGE RATE ADAPT TO THE SIZE OF DEFICIT IN PUBLIC BUDGET…IF THEY CONTINUE TO POSITION DINAR AGAINST DOLLAR AT SAME RATE THERE ECONOMY WILL COLLAPSE…HOW DO YOU LOOK FOR INT’L INVESTMENT…WITH A SUPPRESSED NON COMPETITIVE DINAR RATE.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Mnt Goat (Dinar Guru) – Article quote:  “the Prime Minister met today, World Bank President Jim Yong Kim and his entourage, were discussed during the meeting of the World Bank for Iraq SUPPORT EXPERTISE AND SIMPLIFICATION OF PROCEDURES AND ASSISTANCE FOR THE REFORM OF THE BANKING SYSTEM”.   Now we hear news of Prime Abadi on Wednesday participating in the Davos World Economic Summit in Switzerland and meeting with the WTO president Jim Yong Kim.  The GOI is moving towards a global economy but there are procedures and banking practices that need to first be in place.   I can’t give you an exact date but I will say that Abadi is moving aggressively in this direction and it will not be long.
______________________________________________________________

rcookie – HAVENT YOU BEEN LISTENING WHEN WE SHOW YOU HOW WELL IRAQ HAS PERFORMED AGAINST OTHER NEIGHBOR COUNTRIES IN SPITE OF WAR…COMPREHENSIVE REFORMS… RAMPANT CORRUPTION AND LESS DIVERSE ESTABLISHED ECONOMY… THE BIGGEST INDICATOR OF IRAQS ECONOMIC DISPOSITION…THE IMF LETTER OF INTENT…FINANCIAL & ECONOMIC MOU…AND TECHNICAL MOU….WHICH IS IRAQS REPORT CARD FROM IMF AGAINST TASKS…THEY ARE NOT ONLY PASSING WITH FLYING COLORS…THEY ARE ON THE HONOR ROLL!
______________________________________________________________

BGG – it would appear there are some miffed the GOI seems intent on moving the IQD higher… maybe they should all listen to the IMF?   if that’s what the IMF wants – it’s probably good for them…if they happen to be the center-piece of the IMF’s “restart” of the global economy – it will probably be good for them… just sayin’
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 01-25-15 

Currency Auctions Announcement No. 3122

This daily currency auction was held in the Central Bank of Iraq on the 01-25-2015

The results were as follows:

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

Frank26 (Dinar Guru) – Article:  “…Iraq refuses to label as “bankrupt the country” and says that in 2016 the “Year of compromises” Iraq and the region…”    IRAQ IS ON THE VERGE OF DECLARING BANKRUPTCY IF THEY DON’T MOVE FASTER…

______________________________________________________________

Millionday – “Iraq has signed today a cooperation agreement with the Union of Arab Banks…”  THIS IS A SIGNED AGREEMENT IN ALL ITS FORMALITY  IRAQ IS MOVING ECONOMICALLY TO THE INTERNATIONAL MARKET — BANKING IS MOVING AND DEVELOPING — THIS IS SIGNED SEALED AND DELIVERED — FORMAL AGREEMENT.   IMO WE ARE VERY CLOSE TO ARTICLE 8 AS A RESULT OF ALL THE ACTUAL ACTION IRAQ IS TAKING.  IN ARTICLE 8 THEY CAN MOVE FORWARD WITH MONITORING TO THE INTERNATIONAL MARKET AND TRADE ETC.  [do you think Article 8 and a rate change will happen at the exact same time?]  I THINK IT IS A RESULT — YES.  
______________________________________________________________

wmawhite (Dinar Guru) – The fact that Iraq Airways/Airline is being opened for foreign investors is proof that the restrictions are moved/being removed.[so they are removing the restrictions so they can have currency exchange?]  If you have one you have to have the other.  It is the Investment Law that they amended is providing this great change in Iraq.   [SO IT COULD BE A TIMING ISSUE?]  It is in keeping with what we know…IMF expectations…1st half of 2016.   [post 2 of 2]
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/22 – 8:30pm CST

Smart phone user link – Click here

______________________________________________________________

wmawhite (Dinar Guru) – What are the two most important items the CBI/GOI must accomplish before there is any change in the value of the IQD?  …and are doing?  Straight from the IMF…here it is: “The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.”  Now…how do we know for a FACT they are accomplishing these items?  Investment proceeds…that is foreign investment…money coming into the country and the ability to leave the country.
[post 1 of 2….stay tuned]
______________________________________________________________

firefly (Dinar Guru) – Iraq IS a special circumstance. Can’t compare it to China or any other country.  Remember, Iraq never lost it’s value. It was shut down by the UN and in limbo since.  [un has a duty to restore what they devalued…i read that somewhere.]   BINGO!   but it was not devalued, it was simply shut down at the request of the US.
______________________________________________________________

Poppy3 – …THE RV WILL HAPPEN IMMEDIATELY WHEN EVERYTHING WITH FINANCIAL REFORM HAS BEEN COMPLETED. THE STATEMENT THE IMF MADE ABOUT THE FIRST HALF OF THIS YEAR DIDNT MEAN TILL JUNE IT MEANT THE FIRST HALF OF 2016 AT ANYTIME.   WE KNOW THAT ALMOST A YEAR AGO THEY APPLIED FOR FULL MEMBERSHIP TO THE WTO. WE ALSO KNOW IT WAS SAID IT TAKES A MINIMUM OF 5 MONTHS TO COMPLETE THE PROCESS BUT WHAT WE DON’T KNOW IS HOW FAR THROUGH THE PROCESS THEY ARE?   MY THOUGHTS ARE FROM THE PROGRESS OF GREAT NEWS LIKE THE POSTING OF THE BUDGET TELLS ME THEY ARE IN THE URGENT MODE AND ALL NEED COMPLETION. KEEP YOUR EXPECTORS ON WE MAY BE ENTERING THE PROMISEd LAND…
______________________________________________________________

tlm724 (Dinar Guru) – The annual report issued by the International Monetary Fund in late 2015 reported that Iraq has reserves of gold of 89.8 tons, ranking it 37th worldwide and fifth Arab world, and at the same time, specialists believe that the rise in precious metal reserves in the central bank supports foreign investor confidence in the currency and investment in Iraq.
______________________________________________________________

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…

James 1:3-4 (NKJV)

3 knowing that the testing of your faith produces patience. 4 But let patience have its perfect work, that you may be perfect and complete, lacking nothing.

Heavenly Father, Thank You that You are the Author and Finisher of our faith! Thank You for the work You are doing through the Holy Spirit in the Body of Christ. Thank You for Your patience 🙂 In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 01.26.2015

http://www.cbi.iq/

______________________________________________________________

No great thing is created suddenly. – Epictetus

______________________________________________________________

*** Current Posts ***

______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from – 01/26 – @ 3:30pm CST

Smart phone user link – Click here

______________________________________________________________

Iraqi Dinar Currency to be Powerful to Enter in the Global Currency Markets

Osama Mehmoud, the global stock representative in Iraq stressed about the importance of integrative laws and economic action of law making. He also pointed out that linking the Iraqi dinar currency to the global economy has its own importance. The Iraqi currency should achieve its value against the global currencies. It would allow in providing more power to the economic process in the country. He further added in his press interview that current economic condition in Iraq needs more care. He pointed out that most of the laws related to the Iraqi economy are still need to get regulations for the economic management in the economic sector, according to the formula. The process in trade and economy are following an open economy as it is called market economy.

He further added that it would improve the economic management that would produce an uncertain economy. There are many industrialized nations depending on the open market that implemented the processes of production and the theory of import and export. The commercial exchange process between a numbers of companies should adopt a unified economic system. He gave an example of Iraqi economic reality that is continuously depending on letters of guarantee issued to the traders to manage the operations of import of goods. It is showing the limitations to the Iraqi verbal disapproval within the banks. It is also stopping to spread the Iraqi dinar currency into the international markets. As a result, the Iraqi dinar value decreased and unable to trade outside the Iraq. He stressed that importance of presenting the Iraqi dinar currency in the global currency markets.

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

Kaperoni (Dinar Guru) – Article quote:  “this agreement is a great success of the association and will open us the doors of cooperation with the European Union and US Treasury”   IMO, this is a clear sign that the CBI will move to Article VIII soon.  Freedom of movement of capital cannot happen without it…and the UST and EU are part of that.
______________________________________________________________

wmawhite (Dinar Guru) – […what comes first the rate or article 8…?]  Iraq/CBI can change their rate today and if they do not have Article 8 there isn’t two banks anywhere in the solar system that would touch the IQD.
______________________________________________________________

Millionday – “President of the World Bank pointed out that “the success of Iraq is important to the whole world and they are ready for all that Iraq needs support in the experience.”  THE WORLD BANK IS ON BOARD TO PUSH FORWARD WITH IRAQI REFORMS — THAT IS LIKE MUSIC TO MY EARS…UNDERSTAND THIS IS THE PRESIDENT OF WORLD BANK — THE PRESIDENT.  OBVIOUSLY A LOT IS RIDING ON THIS AND WE ARE RIDING ON SKIRT TAILS — …THIS STATEMENT IS HUGE.
______________________________________________________________

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!!)

______________________________________________________________

Hub (Dinar Guru) – facts: the dinar is not a tradeable currency because of sanctions by the United Nations, fact: the dinar is considered an exotic currency by money trading business concerns world wide, yes we bought em, but use em for purchases and see how that goes… fact: the dinar was given a non tradable value to punish iraq for actions toward kuwait. … fact: all countries surrounding iraq have a tradable currency with a value equal to the resources of the country… fact: iraq has been relieved from most sanctions issued by the UN…. fact: the last one , chapter 8 requires a currency revaluation equal to the value of resources of the country... fact iraq is considered to be one of the richest countries in the world. … summation is iraq is to obtain a currency equal to the ability of the resources purchasing value in the world economy…in other words, how much work has to be done to buy a coke
______________________________________________________________

Mnt Goat (Dinar Guru) – I want to say one more time we will not see any significant value increase in the dinar unless certain laws and conditions are met. One of those conditions is the cleaning up of the CBI. I firmly believe that Dr Shabibi must be back in the CBI and it must be announced publicly that he is at the helm “officially” once again. From everything I am hearing from my CBI contact the USA is very angry that this has not yet already happened. They have also sent legislative consultants to assist in streamlining the parliamentary process and so keep asking what is the hold up in passing of the few last remaining needed laws.  As far as any progress on currency reform process we all know that the USA, WTO and the IMF want the lower denominations launched, like yesterday…  We know that once they do launch the lower denominations their must be a 1:1 par with the US dollar for inflation adjustments first, then later a full scale RV is planned at a much higher rate (pre-war plus equity).
______________________________________________________________

rcookie – Article quote:  “…the bank” is long overdue to make the exchange rate adapts to the size of the deficit in the public budget…”  CBI IS LONG OVERDUE TO MAKE EXCHANGE RATE ADAPT TO THE SIZE OF DEFICIT IN PUBLIC BUDGET…IF THEY CONTINUE TO POSITION DINAR AGAINST DOLLAR AT SAME RATE THERE ECONOMY WILL COLLAPSE…HOW DO YOU LOOK FOR INT’L INVESTMENT…WITH A SUPPRESSED NON COMPETITIVE DINAR RATE.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Mnt Goat (Dinar Guru) – Article quote:  “the Prime Minister met today, World Bank President Jim Yong Kim and his entourage, were discussed during the meeting of the World Bank for Iraq SUPPORT EXPERTISE AND SIMPLIFICATION OF PROCEDURES AND ASSISTANCE FOR THE REFORM OF THE BANKING SYSTEM”.   Now we hear news of Prime Abadi on Wednesday participating in the Davos World Economic Summit in Switzerland and meeting with the WTO president Jim Yong Kim.  The GOI is moving towards a global economy but there are procedures and banking practices that need to first be in place.   I can’t give you an exact date but I will say that Abadi is moving aggressively in this direction and it will not be long.
______________________________________________________________

rcookie – HAVENT YOU BEEN LISTENING WHEN WE SHOW YOU HOW WELL IRAQ HAS PERFORMED AGAINST OTHER NEIGHBOR COUNTRIES IN SPITE OF WAR…COMPREHENSIVE REFORMS… RAMPANT CORRUPTION AND LESS DIVERSE ESTABLISHED ECONOMY… THE BIGGEST INDICATOR OF IRAQS ECONOMIC DISPOSITION…THE IMF LETTER OF INTENT…FINANCIAL & ECONOMIC MOU…AND TECHNICAL MOU….WHICH IS IRAQS REPORT CARD FROM IMF AGAINST TASKS…THEY ARE NOT ONLY PASSING WITH FLYING COLORS…THEY ARE ON THE HONOR ROLL!
______________________________________________________________

BGG – it would appear there are some miffed the GOI seems intent on moving the IQD higher… maybe they should all listen to the IMF?   if that’s what the IMF wants – it’s probably good for them…if they happen to be the center-piece of the IMF’s “restart” of the global economy – it will probably be good for them… just sayin’
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 01-25-15 

Currency Auctions Announcement No. 3122

This daily currency auction was held in the Central Bank of Iraq on the 01-25-2015

The results were as follows:

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

Frank26 (Dinar Guru) – Article:  “…Iraq refuses to label as “bankrupt the country” and says that in 2016 the “Year of compromises” Iraq and the region…”    IRAQ IS ON THE VERGE OF DECLARING BANKRUPTCY IF THEY DON’T MOVE FASTER…

______________________________________________________________

Millionday – “Iraq has signed today a cooperation agreement with the Union of Arab Banks…”  THIS IS A SIGNED AGREEMENT IN ALL ITS FORMALITY  IRAQ IS MOVING ECONOMICALLY TO THE INTERNATIONAL MARKET — BANKING IS MOVING AND DEVELOPING — THIS IS SIGNED SEALED AND DELIVERED — FORMAL AGREEMENT.   IMO WE ARE VERY CLOSE TO ARTICLE 8 AS A RESULT OF ALL THE ACTUAL ACTION IRAQ IS TAKING.  IN ARTICLE 8 THEY CAN MOVE FORWARD WITH MONITORING TO THE INTERNATIONAL MARKET AND TRADE ETC.  [do you think Article 8 and a rate change will happen at the exact same time?]  I THINK IT IS A RESULT — YES.  
______________________________________________________________

wmawhite (Dinar Guru) – The fact that Iraq Airways/Airline is being opened for foreign investors is proof that the restrictions are moved/being removed.[so they are removing the restrictions so they can have currency exchange?]  If you have one you have to have the other.  It is the Investment Law that they amended is providing this great change in Iraq.   [SO IT COULD BE A TIMING ISSUE?]  It is in keeping with what we know…IMF expectations…1st half of 2016.   [post 2 of 2]
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/22 – 8:30pm CST

Smart phone user link – Click here

______________________________________________________________

wmawhite (Dinar Guru) – What are the two most important items the CBI/GOI must accomplish before there is any change in the value of the IQD?  …and are doing?  Straight from the IMF…here it is: “The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.”  Now…how do we know for a FACT they are accomplishing these items?  Investment proceeds…that is foreign investment…money coming into the country and the ability to leave the country.
[post 1 of 2….stay tuned]
______________________________________________________________

firefly (Dinar Guru) – Iraq IS a special circumstance. Can’t compare it to China or any other country.  Remember, Iraq never lost it’s value. It was shut down by the UN and in limbo since.  [un has a duty to restore what they devalued…i read that somewhere.]   BINGO!   but it was not devalued, it was simply shut down at the request of the US.
______________________________________________________________

Poppy3 – …THE RV WILL HAPPEN IMMEDIATELY WHEN EVERYTHING WITH FINANCIAL REFORM HAS BEEN COMPLETED. THE STATEMENT THE IMF MADE ABOUT THE FIRST HALF OF THIS YEAR DIDNT MEAN TILL JUNE IT MEANT THE FIRST HALF OF 2016 AT ANYTIME.   WE KNOW THAT ALMOST A YEAR AGO THEY APPLIED FOR FULL MEMBERSHIP TO THE WTO. WE ALSO KNOW IT WAS SAID IT TAKES A MINIMUM OF 5 MONTHS TO COMPLETE THE PROCESS BUT WHAT WE DON’T KNOW IS HOW FAR THROUGH THE PROCESS THEY ARE?   MY THOUGHTS ARE FROM THE PROGRESS OF GREAT NEWS LIKE THE POSTING OF THE BUDGET TELLS ME THEY ARE IN THE URGENT MODE AND ALL NEED COMPLETION. KEEP YOUR EXPECTORS ON WE MAY BE ENTERING THE PROMISEd LAND…
______________________________________________________________

tlm724 (Dinar Guru) – The annual report issued by the International Monetary Fund in late 2015 reported that Iraq has reserves of gold of 89.8 tons, ranking it 37th worldwide and fifth Arab world, and at the same time, specialists believe that the rise in precious metal reserves in the central bank supports foreign investor confidence in the currency and investment in Iraq.
______________________________________________________________

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…

John 14:13 (NKJV)

3 And whatever you ask in My name, that I will do, that the Father may be glorified in the Son.

Heavenly Father, Thank You that You are Love! Thank you for the privilege to bring our requests before you that You will be glorified in the Son. In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.23.2015

______________________________________________________________

Truth is incontrovertible. Panic may resent it, ignorance may deride it, malice may distort it, but there it is. – Winston Churchill

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Poppy3 – Shell Oil profits plunge by 50%! Not a single stock in German and French stock markets is up! ALL MARKETS are down and now declared officially as bear markets! Axel Weber at UBS states that China has “plenty of ammunition” to weather this financial storm! US treasuries are down across the board. This massive “global deflation” has no bottom and THIS the MAIN topic at Davos! Some analysts believe China needs to devalue the yuan by 50%! Again, Weber says China is doing the right things! So, what does it all mean?  There is a MASSIVE SQUEEZE on to bring you an RV!
______________________________________________________________

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

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

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

______________________________________________________________

Backdoc – WTO STATUS TAKES 90 DAYS IN TOTAL!   IF THEY HIDE THE FIRST 60 DAYS THEY STILL HAVE TO GIVE A 30 NOTICE.   IF THEY MADE THE DECISION IN MAY AND INDUCT IN JUNE DO THE MOONWALK FROM MAY!  A COUNTRY HAS TO HAVE INTERNATIONAL CURRENCY STATUS FOR 90 DAYS AS I UNDERSTAND IT SO WHAT THIS ARTICLE SAYS WITH IRAN PUTS US IN THE FEBRUARY, MARCH RANGE RIGHT?   [post 2 of 2]
______________________________________________________________

Backdoc – Article quote:  “Iran is set to re-engage with the banking world within weeks as international lenders link up with their Iranian counterparts using global transaction network SWIFT, Iran’s Middle East Bank and a senior central bank official told Reuters on Friday.”   OUR EYES WATCH IRAN BECAUSE THAT IS WHAT TELLS US WHAT WE NEED TO KNOW ABOUT IRAQ!   …THIS ARTICLE SAYS IT WILL BE 2 TO 4 WEEKS TO RE-ENGAGE INTO THE WORLD SYSTEM!  ...THEY JUST TOLD US THEY WOULD NOT LAUNCH THEIR RATE WITHOUT IRAQ BECAUSE IT WILL CREATE TRADE IMBALANCES WHICH OF COURSE IT WOULD!   [post 1 of 1….stay tuned]
______________________________________________________________

tman23 – What we know for a fact is they NEED to move into MARKET ECONOMY MODE like yesterday.  AND what we know is that the discussion always included the necessity to lift the 3 zeros when opening it up for international trade… And so we 100% believe the lift the zeros is in affect starting the first of this year…We just have not seen the numbers accounting yet… That being said…they are/have lifted the 3 zeros…and we wait to see how that affects the currency we hold…Any 3.22 etc…is pure speculation…
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/22 – 8:30pm CST

Smart phone user link – Click here

______________________________________________________________

Poppy3 – with THE OIL PRICE DOWN IS IN OUR FAVOR — MEANS TO MEET BUDGET OR JUST TO REDUCE THE DEFICIT THEY WILL HAVE A MUCH HIGHER RATE FOR THE DINAR.  WITH OIL DOWN THEY MUST COMMIT MORE GOLD TO RESERVES OR RAISE THE RATE OF DINAR HIGHER THEN THEY WOULD HAVE IF OIL WAS STILL UP?   ALL WE NEED IS THEM TO TAKE INEVITABLE ACTIONS THEY KNOW THEY HAVE TO DO.
______________________________________________________________

tman23 – …regarding the 2016 Budget…When the Kurds receive payment from the Finance Minister for 17% of the budget for the month of…then it is in effect…AND if it were in effect right now…Then the federal government is in breach of payment again for January…it is NOT and HAS NOT been in front of the CoM for implementation instructions yet...Council of Ministers meets every Tuesday… We will see this action take place in a CoM meeting …I GUARANTEE IT!
______________________________________________________________

rcookie – [did the budget actually get into the gazzette?] YES IT SURE DID…AND ALREADY MANY PARTS BEING IMPLEMENTED…   [Past Budgets, after being published in the Gazette…took around 4-6 weeks where the Budget was brought out in the Council of Ministers meeting for “implementation and distribution” instructions…This 2016 Budget will be no different…]   THE DIFFERENCE IS THAT THIS BUDGET ACTIVATION… ALONG WITH TRANSFER OF POWERS AT THE PROVINCES RECEIVE THEIR INDIVIDUAL DISBURSEMENTS & ALLOCATIONS…IS BEING OVERSEEN & MONITORED BY IMF…WB…& UNITED NATIONS TEAMS…THE CONTRACTS WITH GE…BOEING…INTERNAL BONDS HAVE ALREADY BEEN EXECUTED…. SALES…CUSTOMS TARIFFS…
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Backdoc – IRAQ AND IRAN WILL GO TOGETHER AND THAT’S THEIR WORDS NOW NOT MINE…COULD THERE BE MORE TO THE DEAL? AHHHH YAAAAA…HOW ABOUT WTO? REALIZE THE WTO INDUCTS ONCE PER YEAR IN JUNE!  THEY MAKE THE DECISION IN MAY!    IT TAKES 90 DAYS TO COMPLETE THE PROCESS, SO JUST SIMPLY MOON WALK 3 MONTHS FROM MAY!   AS I READ 60 DAYS OF THE 90 DAYS CAN BE COMPLETED THROUGH PARLIAMENT PRIOR, POSSIBLY SECRETLY, NOT SURE!  BUT, THERE NEEDS TO BE GIVEN 30 DAYS NOTICE EVEN IF ALL IS DONE PRIOR TO INDUCTION. SO WE HAVE SOME INTERESTING CLUES TO CHECK OUT GOING FORWARD FOR SURE!  IMO.
______________________________________________________________

Mnt Goat – ...just this week we witnessed a news brief by the IMF on the SMP and then we read about more February timelines / deadlines for Iraq to accomplish certain goals related to currency reform. This was all excellent news and now we wait and watch to see their next move. This is all we can do and so speculation…will not make the RV happen any sooner.   In fact it is not even about the RV but rather getting their currency back online so Iraq can easily and efficiently trade with the rest of the world.  …my contact in the CBI was trying to tell me…to be aware of any news related to currency reform. This statement in itself was telling me we are not that far from the RV.  [post 2 of 2]
______________________________________________________________

Mnt Goat – I want to… caution all of you not to stake timelines of an RV based on the publishing of the 2016 budget or any future budget in the official gazette. I know darn well not to expect an RV today or anytime within the next couple weeks, at least. This is not an opinion I bring but a FACT.   But there is lots of news coming out about the necessity to do something with the value of the dinar against the US dollar.  Since late October it is common conversation by Iraqi economists to put pressure on the GOI and the CBI to do something to raise the value of the dinar. We know that the dinar must go international if they are to be as diversified as they claim the need to move towards in their economy to get over this economic crisis. But it is not as simple as just “pulling the trigger” on the RV to correct the situation. No matter how hard Iraq wants the RV they will not be allowed to do it until they are fully ready.   [post 1 of 2….stay tuned]
______________________________________________________________

rcookie – 1ST ON MONDAY WE HAVE ANNOUNCEMENT OF CUSTOMS & TARIFFS LAUNCHED IN ALL PROVINCES… IN ACCORDANCE WITH ARTICLE 24 (A,B,C) OF 2016 BUDGET…THEN YESTERDAY WE SEE THAT GENERAL ELECTRIC IS ANNOUNCED AS PRIMARY AGENT FOR ELECTRIC PLANTS & MAINTENANCE IN ENTIRE COUNTRY AS GUARANTEED ALLOCATION IN ARTICLE 31 OF 2016 BUDGET…THEN WE SEE THE ANNOUNCEMENT OF FOREIGN INVESTMENT TOWARD PRIVATIZING IRAQI AIRWAYS AND RE-OPENING OF EUROPEAN FLIGHT SCHEDULES FROM IRAQ AND MASSIVE EXPANSION PLANS WHICH WILL ALSO BE SUPPORTED BY GUARANTEED ALLOCATIONS IN ARTICLE 31 OF 2016 BUDGET…THEN FINALLY TODAY WE SEE ANNOUNCEMENT THAT FOR 1ST TIME SINCE 2003…IRAQ SELLS BONDS TO LOCAL CITIZENS… TOTALING 5 TRILLION DINARS THIS YEAR…3 YEAR TERM..10% INTEREST…HAVING ALREADY ISSUED TO LOCAL BANKS…AS OUTLINED IN 2016 BUDGET (CHAPTER II..ARTICLE 2.. SECTION B..PAGE 10) WOW…THIS ALL DONE AND BUDGET INK IN GAZETTE STILL WET!
______________________________________________________________

Millionday – Article quote:  “State of Iraq, will host the third International Conference on Finance and Banking, in an open dialogue between Iraqi officials and international business partners and investors…The event will be held from 7 to March 8, 2016 in Beirut, Lebanon.”  [you would think if Iraq was hosting this conference that their currency would be internationally recognized?]  I WOULD NOT BE SHOCKED BY IT — IMO THEY HAVE MADE IT CLEAR THAT THEY ARE GOING OUT TO THE MARKET AND THIS APPEARS TO BE A GREAT TIME WITH EVERYONE THERE IMO.
______________________________________________________________

Frank26 – The Budget is finally official with the G [Gazette] publication. But there is NO RATE that is official yet. Hence specific parts of the Budget are not alive as of yet.
______________________________________________________________

Vice calling on the government to raise taxes and the value of the currency to bridge the budget deficit

[Baghdad-where] Deputy for the National Alliance called on the government to raise taxes and the value of the currency to cover the deficit in the fiscal budget…

Sadiq frankincense told all of Iraq [where] that “the economic situation may be confusing but bridging the fiscal deficit is a real dilemma, noting that” there are several measures of the government to overcome this crisis and is now in the process of study, including raising taxes and the value of the currency in order to plug in the budget…

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

Poppy3 – JUST GOT THE CONFIRMATION THE BUDGET WAS PUBLISHED TODAY [Thursday] IN A SPECIAL EDITION BUT PUBLISHED…WITHOUT THE HCL…NO RATE…
______________________________________________________________

Millionday – [is it possible for abadi to be out of the country when it rv’s?]   ANY ECONOMIC CHANGE CAN TAKE PLACE THAT IS DONE BY CBI WITH ABADI IN COUNTRY OR OUT AS LONG AS REGULATIONS ETC ARE IN PLACE THAT HE PLANNED —IMO…  THE RETURN OF IRAQ OR I SHOULD SAY THE NEW IRAQ IS HUGE — IMO ABADI WOULD WANT TO BE THERE FOR ANY POSITIVE CHANGE ETC — BUT HE OBVIOUSLY DOES NOT HAVE TO BE.
______________________________________________________________

tman23 – Quote:  “Ministry of Finance held in coordination with the Economic Affairs Committee meeting Wednesday evening, under the chairmanship of Finance Minister Hoshyar Zebari and oil Ministers, planning, agriculture, and the Governor of the Central Bank and a number of Committee members in addition to a number of financial experts, economists and academics to discuss the financial situation in Iraq.”  THEY ARE NO LONGER IN A CORNER, IT IS MORE LIKE THEY ARE AT THE END OF THE PLANK…AND DELAYS ARE NO LONGER AN OPTION.
______________________________________________________________

wmawhite – …the IMF has told the world how Iraq (CBI/GOI) is…not may…but is moving towards Article 8 compliance and that they (the IMF) expects Iraq to enter the market during the 1st half of 2016. [so we have till june?]  We may have only until next week, or next two weeks, or until March or May. However, I go with the expectations of the IMF.
______________________________________________________________

firefly – Quote:  “Ensure that the federal budget law  The issuance of the new issue of the Gazette of Iraq call (4394)”  Yep, it’s in the Gazette…looking at it now…So it appears the budget was published on the 1st but it is just being shown to us now. Another event that’s been hidden for 3 weeks.  This is not anything new. They show it to us when they want to.
______________________________________________________________

SteveI – So lets look at both sides of the coin now.  So it is not pegged to to Gold, what else could it be pegged to? Yes the USD, which is still fairly close to a 1:1 or a bit less at the moment, regardless worth something. If there will be no immediate future value, …all will cash in and walk away. So who are the winners here, most everyone including yourselves.  Now it comes out at a $3 plus rate, who is the winners here, again you are, but I do not see how Iraq can support that type of cash out now that oil is so low. Iraq needs to be able to set themselves up for success, not a rate that cannot be sustained.   [post 2 of 3….stay tuned]
______________________________________________________________

Dinar Call w/BGG!!

“for Dinar News – that MATTERS!!”
from 01/20 – 8:30pm CST

 Smart phone user link – Click here

______________________________________________________________

SteveI – I talked to our team about the countries next to Iraq and feel that a one to one has no signification disadvantageous regarding fair trade…a 1:1 rate or a bit higher.   Now, will this happen the way we think? Maybe or maybe not, but it sure does appear to be pointing that direction of being backed by gold.   [The question I have is how the process of revaluation of the dinar changes (if any) being pegged to gold. In other words, would it be a gradual or a more sudden increase?]   There would be no “revaluation” but rather now a value that follows the gold standard. This is what we are being told and how I understand it.  One possible scenario: The CBI will just announce that the IQD is now backed the the gold standard. So if you go to the bank, now any bank for that matter, they would simply looked up the buy rate at the time and pay you in USD that value. [post 1 of 3….stay tuned]
______________________________________________________________

Adam Montana – My thought right now is that the price of oil might be scaring people. Iraq can handle $30-60 ppb, but if this dropping trend continues… I hate to say it, but it might be in their best interest to hold off and see what happens. Let’s hope the price stabilizes or even starts to go back up.  One interesting thing to note – when they do RV, it will generate a TON of activity in the world economy, which will increase demand for oil, and will help drive oil back up. So all they need to see is an upward trend in the oil price and BAM! Jump in with an RV and take advantage! I can see that happening.   [post 2 of 2]
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 01-20-15 

Currency Auctions Announcement No. 3119

This daily currency auction was held in the Central Bank of Iraq on the 01-20-2015

The results were as follows:

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

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…

James 1:3-4 (NKJV)

3 knowing that the testing of your faith produces patience. 4 But let patience have its perfect work, that you may be perfect and complete, lacking nothing.

Heavenly Father, Thank You that You are the Author and Finisher of our faith! Thank You for the work You are doing through the Holy Spirit in the Body of Christ. Thank You for Your patience 🙂 In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.22.2015

______________________________________________________________

If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand. – Milton Friedman

______________________________________________________________

*** Current Posts ***

______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/22 – 8:30pm CST

Smart phone user link – Click here

______________________________________________________________

Mnt Goat – ...just this week we witnessed a news brief by the IMF on the SMP and then we read about more February timelines / deadlines for Iraq to accomplish certain goals related to currency reform. This was all excellent news and now we wait and watch to see their next move. This is all we can do and so speculation…will not make the RV happen any sooner.   In fact it is not even about the RV but rather getting their currency back online so Iraq can easily and efficiently trade with the rest of the world.  …my contact in the CBI was trying to tell me…to be aware of any news related to currency reform. This statement in itself was telling me we are not that far from the RV.  [post 2 of 2]
______________________________________________________________

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 – I want to… caution all of you not to stake timelines of an RV based on the publishing of the 2016 budget or any future budget in the official gazette. I know darn well not to expect an RV today or anytime within the next couple weeks, at least. This is not an opinion I bring but a FACT.   But there is lots of news coming out about the necessity to do something with the value of the dinar against the US dollar.  Since late October it is common conversation by Iraqi economists to put pressure on the GOI and the CBI to do something to raise the value of the dinar. We know that the dinar must go international if they are to be as diversified as they claim the need to move towards in their economy to get over this economic crisis. But it is not as simple as just “pulling the trigger” on the RV to correct the situation. No matter how hard Iraq wants the RV they will not be allowed to do it until they are fully ready.   [post 1 of 2….stay tuned]
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

rcookie – 1ST ON MONDAY WE HAVE ANNOUNCEMENT OF CUSTOMS & TARIFFS LAUNCHED IN ALL PROVINCES… IN ACCORDANCE WITH ARTICLE 24 (A,B,C) OF 2016 BUDGET…THEN YESTERDAY WE SEE THAT GENERAL ELECTRIC IS ANNOUNCED AS PRIMARY AGENT FOR ELECTRIC PLANTS & MAINTENANCE IN ENTIRE COUNTRY AS GUARANTEED ALLOCATION IN ARTICLE 31 OF 2016 BUDGET…THEN WE SEE THE ANNOUNCEMENT OF FOREIGN INVESTMENT TOWARD PRIVATIZING IRAQI AIRWAYS AND RE-OPENING OF EUROPEAN FLIGHT SCHEDULES FROM IRAQ AND MASSIVE EXPANSION PLANS WHICH WILL ALSO BE SUPPORTED BY GUARANTEED ALLOCATIONS IN ARTICLE 31 OF 2016 BUDGET…THEN FINALLY TODAY WE SEE ANNOUNCEMENT THAT FOR 1ST TIME SINCE 2003…IRAQ SELLS BONDS TO LOCAL CITIZENS… TOTALING 5 TRILLION DINARS THIS YEAR…3 YEAR TERM..10% INTEREST…HAVING ALREADY ISSUED TO LOCAL BANKS…AS OUTLINED IN 2016 BUDGET (CHAPTER II..ARTICLE 2.. SECTION B..PAGE 10) WOW…THIS ALL DONE AND BUDGET INK IN GAZETTE STILL WET!
______________________________________________________________

Millionday – Article quote:  “State of Iraq, will host the third International Conference on Finance and Banking, in an open dialogue between Iraqi officials and international business partners and investors…The event will be held from 7 to March 8, 2016 in Beirut, Lebanon.”  [you would think if Iraq was hosting this conference that their currency would be internationally recognized?]  I WOULD NOT BE SHOCKED BY IT — IMO THEY HAVE MADE IT CLEAR THAT THEY ARE GOING OUT TO THE MARKET AND THIS APPEARS TO BE A GREAT TIME WITH EVERYONE THERE IMO.
______________________________________________________________

Frank26 – The Budget is finally official with the G [Gazette] publication. But there is NO RATE that is official yet. Hence specific parts of the Budget are not alive as of yet.
______________________________________________________________

Vice calling on the government to raise taxes and the value of the currency to bridge the budget deficit

[Baghdad-where] Deputy for the National Alliance called on the government to raise taxes and the value of the currency to cover the deficit in the fiscal budget…

Sadiq frankincense told all of Iraq [where] that “the economic situation may be confusing but bridging the fiscal deficit is a real dilemma, noting that” there are several measures of the government to overcome this crisis and is now in the process of study, including raising taxes and the value of the currency in order to plug in the budget…

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

Poppy3 – JUST GOT THE CONFIRMATION THE BUDGET WAS PUBLISHED TODAY [Thursday] IN A SPECIAL EDITION BUT PUBLISHED…WITHOUT THE HCL…NO RATE…
______________________________________________________________

Millionday – [is it possible for abadi to be out of the country when it rv’s?]   ANY ECONOMIC CHANGE CAN TAKE PLACE THAT IS DONE BY CBI WITH ABADI IN COUNTRY OR OUT AS LONG AS REGULATIONS ETC ARE IN PLACE THAT HE PLANNED —IMO…  THE RETURN OF IRAQ OR I SHOULD SAY THE NEW IRAQ IS HUGE — IMO ABADI WOULD WANT TO BE THERE FOR ANY POSITIVE CHANGE ETC — BUT HE OBVIOUSLY DOES NOT HAVE TO BE.
______________________________________________________________

tman23 – Quote:  “Ministry of Finance held in coordination with the Economic Affairs Committee meeting Wednesday evening, under the chairmanship of Finance Minister Hoshyar Zebari and oil Ministers, planning, agriculture, and the Governor of the Central Bank and a number of Committee members in addition to a number of financial experts, economists and academics to discuss the financial situation in Iraq.”  THEY ARE NO LONGER IN A CORNER, IT IS MORE LIKE THEY ARE AT THE END OF THE PLANK…AND DELAYS ARE NO LONGER AN OPTION.
______________________________________________________________

wmawhite – …the IMF has told the world how Iraq (CBI/GOI) is…not may…but is moving towards Article 8 compliance and that they (the IMF) expects Iraq to enter the market during the 1st half of 2016. [so we have till june?]  We may have only until next week, or next two weeks, or until March or May. However, I go with the expectations of the IMF.
______________________________________________________________

1-22-2016   Newshound Guru firefly    Quote:  “Ensure that the federal budget law  The issuance of the new issue of the Gazette of Iraq call (4394)”  Yep, it’s in the Gazette…looking at it now…So it appears the budget was published on the 1st but it is just being shown to us now. Another event that’s been hidden for 3 weeks.  This is not anything new. They show it to us when they want to.
______________________________________________________________

SteveI – So lets look at both sides of the coin now.  So it is not pegged to to Gold, what else could it be pegged to? Yes the USD, which is still fairly close to a 1:1 or a bit less at the moment, regardless worth something. If there will be no immediate future value, …all will cash in and walk away. So who are the winners here, most everyone including yourselves.  Now it comes out at a $3 plus rate, who is the winners here, again you are, but I do not see how Iraq can support that type of cash out now that oil is so low. Iraq needs to be able to set themselves up for success, not a rate that cannot be sustained.   [post 2 of 3….stay tuned]
______________________________________________________________

Dinar Call w/BGG!!

“for Dinar News – that MATTERS!!”
from 01/20 – 8:30pm CST

 Smart phone user link – Click here

______________________________________________________________

SteveI – I talked to our team about the countries next to Iraq and feel that a one to one has no signification disadvantageous regarding fair trade…a 1:1 rate or a bit higher.   Now, will this happen the way we think? Maybe or maybe not, but it sure does appear to be pointing that direction of being backed by gold.   [The question I have is how the process of revaluation of the dinar changes (if any) being pegged to gold. In other words, would it be a gradual or a more sudden increase?]   There would be no “revaluation” but rather now a value that follows the gold standard. This is what we are being told and how I understand it.  One possible scenario: The CBI will just announce that the IQD is now backed the the gold standard. So if you go to the bank, now any bank for that matter, they would simply looked up the buy rate at the time and pay you in USD that value. [post 1 of 3….stay tuned]
______________________________________________________________

Adam Montana – My thought right now is that the price of oil might be scaring people. Iraq can handle $30-60 ppb, but if this dropping trend continues… I hate to say it, but it might be in their best interest to hold off and see what happens. Let’s hope the price stabilizes or even starts to go back up.  One interesting thing to note – when they do RV, it will generate a TON of activity in the world economy, which will increase demand for oil, and will help drive oil back up. So all they need to see is an upward trend in the oil price and BAM! Jump in with an RV and take advantage! I can see that happening.   [post 2 of 2]
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 01-20-15 

Currency Auctions Announcement No. 3119

This daily currency auction was held in the Central Bank of Iraq on the 01-20-2015

The results were as follows:

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

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…

James 1:3-4 (NKJV)

3 knowing that the testing of your faith produces patience. 4 But let patience have its perfect work, that you may be perfect and complete, lacking nothing.

Heavenly Father, Thank You that You are the Author and Finisher of our faith! Thank You for the work You are doing through the Holy Spirit in the Body of Christ. Thank You for Your patience 🙂 In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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