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…

2 Corinthians 9:8 (NKJV)

8 And God is able to make all grace abound toward you, that you, always having all sufficiency in all things, may have an abundance for every good work.

Heavenly Father, Thank You that You are Faithful and True! Thank You for Your abundance of amazing grace for every good work.

In Jesus Name, Amen.

Mrs. BGG

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CURRENCY CODE SELL BUY

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

Indicative rates – 01.10.2015

http://www.cbi.iq/

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The idea is quite unfounded, that on entering into society we give up any natural right. – Thomas Jefferson

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*** Current Posts ***

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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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rcookie – Quote:  “Cabinet Advisor for Economic Affairs Mohammad Saleh appearance on Saturday, the Government could borrow part of the money the Central Bank for help in the financial crisis…”   SALEH STATED THAT THERE ARE 50 ARTICLES SIMILAR TO ARTICLE 26 TO INVOKE FOR THE STATE WHEN IN NEED OF DIRE CASH…THIS IS HUGE…CHANGE IN CBI POLICY…AND LAWS…AND THE CBI CHANGE IN POLICY TOWARD ARTICLE 26…BORROWING DIRECTLY FROM CBI…10-15% OF 2015 BUDGET…AND CAN BE LENT IN FOREIGN CURRENCY…COULD NEVER… EVER…EVER HAVE HAPPENED IN MALIKI REGIME…OR WITHOUT IMF MONITORING AND OVERSIGHT THAT IS IN PLACE NOW.
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Frank26 (Dinar Guru) – …3 reasons were understood by these COINS…NOT 1 of them was about…A Rate.  The net will continue to try and use these COINS to do the NEW MATH.  Too bad…IOO…They are missing the true…COLOR.
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Aggiedad77 (Dinar Guru) – IMO…there was an article out a day or two ago…it happened to mention a “devaluation”…articles today…are IMO pointing to that article and letting the rest of Iraq know the CBI is the one who has control over what the rate will be for the IQD…they are the authority here…any change must and will come through them.  They are letting the citizens know they are well aware that any reduction in the IQD value would mean a disaster for the citizens…again… IMO… these are all good points the CBI is making at this time.
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Iraqi Dinar/Dollar auction (most recent listing) 01-10-15 

Currency Auctions Announcement No. 3111

This daily currency auction was held in the Central Bank of Iraq on the 01-10-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) – I have always wondered how the final few steps would play out…how would the CBI eventually show the true value of the IQD…Could they be doing that at this time? Are they not placing a value on the IQD by offering gold for it?
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rcookie – WE…KNOW EXACTLY WHAT PARLIAMENT WILL BE DOING WHEN THEY RETURN ON 19TH…AMNESTY LAW…FEDERAL COURT LAW…DEBAATIFICATION LAW…AND KNOW THAT BUDGET DISBURSEMENTS EARMARKED TO EXECUTE AS SOON AS BUDGET POSTED IN GAZETTE…
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Frank26 (Dinar Guru) – The lava flow is moving tremendously…the HCL is in the budget…there is a rider in the budget…the T&T [Taxes and Tariffs] is in that budget…this budget law has been put in the Gazette…So a lot of international hookups that are occurring right now…the smart cards on the 10th.
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Mnt Goat (Dinar Guru) – Parliament has been on recess since Dec 16th. This week they told us that parliament will discuss and vote on many important laws in the coming session after the legislation recess ends on Jan 19th, including the General Amnesty law, the law on the Prohibition of the Baath Party and the Federal Court Act. Article quote:  “Baghdad Legal Committee of Parliament announced the completion of most of the laws entrusted to it through the chapters legislatures past.” Iraq is really under pressure to complete all of these remaining important laws. …this is very good news and we all should be very excited.
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It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars

Called on the central bank, on Thursday, the banks to buy gold Meskukath, and while noting the arrival of specie 100 dinars category, stressed that the price of 720 000 dinars. The bank said in a statement Alsumaria News a copy of it, that “in order to diversify the public savings and to ensure receiving a gold 24 carat has contracted with an international company Stamping 5000 specie souvenir gold “, adding that” the coins are from 100 dinars category weight of 15 grams on the occasion of Eighty-fourth anniversary of the founding of the Iraqi PMA 1930, in addition to the 5000 specie category 250 dinars weight 22 grams on the occasion of sixty-eighth anniversary of the founding of the Central Bank of Iraq in 1947 “…

Read More: http://www.dinarupdates.com/blog/
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Millionday – FIRST LET ME SAY THAT CBI HAS CALLED ON ALL BANKS TO TAKE OVER UNDER INTERNATIONAL COMPLIANCE RULES AND REGULATIONS — THIS IS ACCOUNTING STANDARDS AND ALL THAT GOES ALONG WITH GLOBAL INTERNATIONAL BANKING.  THERE HAVE BEEN MANY RELEASES OF HUGE HUGE REPORTS GIVEN BY GOVERNMENT AND CBI …AND OBVIOUSLY ARE ABOUT THE ADVANCEMENT OF IRAQ.  CBI ORDERS ARE TO BEGIN AS OF JANUARY 1ST THIS YEAR — SO FISCAL YEAR.  VERY EXCITING OF COURSE.
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Poppy3 – RV IS IN SIGHT IN MY OPINION. ACCORDING TO CBI, IMF THEY ARE MAKING SMART CARD…GLOBAL SUNDAY OR MONDAY THIS WEEK.  THEIR WORDS NOT MINE.
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Poppy3 – WE AREN’T RUNNING THE BASES RIGHT NOW WE ROUNDED HOME AND NEXT STEP IS SCORING . KEEP SMILING RICH FRIENDS.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/07 – 5:30pm CST

 Smart phone user link – Click here

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Frank26 (Dinar Guru) – I will tell you the World Bank and the CBI are very close right now…making calculations or arrangements that are necessary…for the Iraqi dinar to join them.  So why would they have an interest in a vagabond…of course they would if there was money to be made.
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Chattels (Dinar Guru) – Tariffs? How significant are they in the great scheme of financial matters for Iraq? My sense is that too much is being made of them relative to our liquidity event and as a solution to Iraq’s economic woes.  The greater significance and consequence of the imposition of tariffs in Iraq for our event may be INFLATION.   I have never seen any revenue projections to the State of Iraq as a result of the tariffs.
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BGG – …if they are willing to GIVE UP GOLD from their reserves… for IQD – that means they are “buying” – they must think it has VALUE… This is the CBI mind you.   the basic premise is this – the CBI is willing to trade GOLD for IQD…that only says one thing to me.
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BGG News Time Chat 1-07-16 PM

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with BGG!!

BGG: BTW – I get asked all the time – why would I post something I don’t COMPLETELY agree with??

BGG: Simple – who am I?? Just because I may or may not agree with “so and so…” doesn’t mean I won’t pass it on… (AND) we have “culled out” those I believe to be legit CON ARTISTS.

diagyAAAE: Is Iraq under Islamic Sharia Law? Are they considered an Islamic Country?

satrib: works for me…thank you

diagyAAAE: Religious Affairs: Do not “sanctity” to borrow from the International Monetary and Iraq is not an Islamic state

Wednesday 6 January 2016 | 19:21 BAGHDAD / .. The head of the Committee of Religious Endowments and Religious Affairs Abdel Azim parliamentary Ajman, Wednesday, borrowing from the International Monetary no “sanctity” the fact that Iraq is not an Islamic state and of government is not based on the “Caliphate”.

He said Ajman’s “Eye Iraq News” that “borrowing and usury is forbidden in Islamic law, but the situation in Iraq and the conditions experienced by the economic higher interest require the borrowing of some countries,” noting that “Iraq does not deal with an Islamic state, so there is a violation of the proceeded through borrowing Including”.

diagyAAAE: He said “there are international laws and the Iraq applied even if violated Islamic law, the fact that the supreme interest and the interests of the people requires that governance in Iraq is not an Islamic and succession approach,” stressing that “in the absence of borrowing and not to give the government the salaries of the staff may prompt some employees to different crimes for a living .. In borrowing pays the damage on the Iraqi people. ”

In what was considered a member of the Committee of Religious Endowments and Religious Affairs MP Salim Chockh Yi, a painful Wednesday, Iraq borrow from the International Monetary Fund “violation” of the provisions of Islamic Sharia law.

It announced the World Bank, in (December 18, 2015) agreed to give Iraq a loan of one billion and 200 million dollars to help Baghdad in controlling public finances and improve the efficiency of the energy sector and offset the decline in oil prices and the escalating costs of security conditions.

diagyAAAE: aynaliraqnews.com

BGG: I don’t think that would be accurate… they are heavily “influenced by Islamic teachings” – but generally (and historically) they have been something of a “secularist Muslim country”… what does that mean… not easy to quantify – but they are no Iran.

BGG: and this – generally – is probably good for us…

diagyAAAE: I would have to agree
~~~

Read More: http://www.dinarupdates.com/showthread.php?28201-Bgg-news-1-6-16
______________________________________________________________

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…

Numbers 6:24-26 (NKJV)

24 “The Lord bless you and keep you;
25 The Lord make His face shine upon you,
And be gracious to you;
26 The Lord lift up His countenance upon you,
And give you peace.”’

Heavenly Father, Thank You that You are the God of Peace! Thank You for blessing us! Thank You for all of Your blessings! We are so grateful and thankful 🙂 In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 01.04.2015

http://www.cbi.iq/

______________________________________________________________

However beautiful the strategy, you should occasionally look at the results. – Winston Churchill

______________________________________________________________

*** Current Posts ***

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Enorrste (Dinar Guru) – We can only hope that they have figured this out and that they will somehow get the dinars out of the mattresses so they can be destroyed and the value of the dinar to rise to offset the higher prices. Otherwise there will be revolt.  The only good thing about the imposition of tariffs is that it will increase income to the GOI, but at the expense of the citizens of Iraq. I can’t believe that the GOI would be this short-sighted and must conclude that this is being done in conjunction with the MOU with the IMF/CBI.  [post 2 of 2]
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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!!
______________________________________________________________

Enorrste (Dinar Guru) – Imposition of tariffs without a change to a float will not work. It will cause inflation in the country and place a heavy burden on the citizens of Iraq due to the higher prices. Unless they simultaneously allow the dinar to float (while reducing the money supply) then the Iraqi’s will see the value of their dinar fall precipitously due to the higher prices of imported goods.  The GOI tried this once already with trade into Kuwait and had to stop it immediately due to the disruption it caused. Now they are going to do it again over a larger territory.   [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) – Article quote:  “but at this time no one can, not even Iraq to continue on the previous policy, because it is impossible to live on oil revenues only” The writing is on the wall.  They cannot make it much longer and even Zebari said so today...can’t pay salaries by April.  This is a going to be rather interesting the next few months.  Buckle up and let it come to us.
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Stryker (Dinar Guru) – 2016 Budget Ratification:  this did not take place on Friday as first reported last week but yet the President of Iraq was reported approving and ratifying it on Sunday (yesterday).  Gazette Updates: the 2016 Budget will not be implemented until the new approved budget law is posted into the official Law Gazette, so neither the additional taxation or tariff taxes in Article 24 of the 2016 Budget can be implemented until it is.  [post 2 of 2]
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Stryker (Dinar Guru) – Foreign Exchange Market: Today is the first trading day of the Foreign Exchange Market (FOREX) for year 2016 and no change has occurred “yet” in the exchange rate of the Iraqi dinar (IQD) nor is there a change in Iraq’s Monetary System or its reform measures so far. So let’s update a few other items that effect this as well:  Tariffs: no signs officially that they have started collecting tariffs at any of their custom port of entries on Friday nor have they today. So that tells me that last weeks news was to the following taking place:   [post 1 of 2….stay tuned]
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Economist: Replace the currency and the deletion of zeros is an important step for monetary reform

The adoption of the monetary authority decision in the process of replacing the currency on the approach to costs and benefits, as a change of the Iraqi dinar and the deletion of zeros is an important step on the road to monetary reform, and the reform of the currency management system through structured to control the flow and management of the cost of the money supply in a manner optimized and using a form «Mosley» the most comprehensive, which does not stop at the borders of the costs and benefits but includes economic, social and political environment variables.

He said economic expert d. Abdul-Hussein Abdul Jalil Ghalibi according to »Sabah» that “ideas can be raised in this area, from the process of deleting the zeros and replace currency terms would be too costly to the Iraqi economy and society, from the cost lawsuits and compensation, as well as support the economy commissioned during and after the process substitution.

He stressed that no one denies that the process of changing the dinar require the costs to complete, but the discussion of these costs come from several directions, the first being to maintain the dinar generates community ongoing costs in accounting and procedural fields of counting and sorting, storage and others…

More: http://dinarupdates.com/blog/
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Millionday – [do you think they need to launch the market economy before any particular date?]  THEY HAVE MADE VERY CLEAR TO THE GLOBE THROUGH PROMOTION AND JUST ANNOUNCEMENTS AND OBVIOUSLY CONTRACTS AND INTERNATIONAL AGREEMENTS TO ENTER THE GLOBAL MARKET — THEY HAVE STATED THEY HAVE EVERY INTENTION AND ALL THEY ARE DOING IN TO ENTER A MARKET ECONOMY AND ACTIVATE THE PRIVATE SECTOR AND ‘MADE IN IRAQ’ BENEFITS AS THEY DIVERSIFY.  THE DATE HAS NOT BEEN RELEASED BUT WHEN THEY STARTED DISCUSSING THE MOVE — THEY CALLED IT URGENT.
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wmawhite (Dinar Guru) – [Have you completely ruled out a Float of some sort… maybe not starting at 1190… but at a higher figure?] IMO, even if it was to start to float, would it not start to be exchanged/bought/sold at a true value…not an artificial value…and [does] the world believe that the true value is much greater than 1166 or whatever. [...when I first started in this the rate was 1170, then they moved it to 1166… now its 1182? for an APR rate, it sure is moving around.]  The term “rate” is not a true description. The IQD has a buy/sell value given to it by the IMF for use inside of Iraq. We are waiting on an exchange rate to be given to it.
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Millionday – THEY HAVE ANNOUNCED MULTIPLE MEETINGS BUT MOST RECENTLY THE MOST EXCITING TO ME IS WITH CHINA AND JAPAN AND OF COURSE WE ALREADY KNOW OF THE MANY AGREEMENTS WITH THE US OF A — EU — AND THE LIST GOES ON.  THEY HAVE ANNOUNCED THAT THEY ARE LAUNCHING AND VERY PROUD OF THE ABILITY FOR BOTH PUBLIC (LISTED ON STOCK MARKET) — ZAIN AND ASIA CELL TO BE USED BY CITIZENS/CUSTOMERS TO PAY BILLS AND WIRE MONEY ALL OVER THE GLOBE.   YES IT IS TRUE WE ARE VERY EXCITED AND THINGS ARE LOOKING VERY POSITIVE…SO GLAD TO SEE US MOVE WITH PROGRESS THAT WE ALL GET TO SEE TOGETHER — ITS BEEN A LONG RIDE.   [post 2 of 2]
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Millionday – HERE IS A LIST OF THINGS THAT I PERSONALLY FIND AMAZING IN THE POSITION WE ARE IN RIGHT NOW…  TODAY ISX WAS TO RETURN FROM AS STATED — THEIR VACATION.  THE BUDGET WAS TO BE PRINTED IN THE GAZETTE A COUPLE DAYS AGO.  THIS PAST MONTH IRAQ MET IN LONDON ABOUT THE ISX AND ALL IT IS OR WILL BE.  THEY ALSO ANNOUNCED THAT THE ISX REVENUES OBVIOUSLY WILL BE INCLUDED IN THE GDP.  IRAQ HAS ANNOUNCED THAT THEY ALSO WERE TO A COUPLE DAYS AGO LAUNCH CUSTOMS AND TARIFF.   A COUPLE A DAYS AGO THEY ANNOUNCED THAT E-BANKING WILL BE LAUNCHED AS WELL.  [post 1 of 2….stay tuned]
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rcookie – …THE FACT THAT THE FREE FALLING PRICE OF OIL (RIGHT AT WHERE ALL INDUSTRY FORECASTERS EXPECTED IT TO BE)…IS THE EXACT REASON THE IMF…WB…AND UN MANDATED (INSISTED) THAT IRAQ DIVERSIFY ITS BUDGETARY AND ECONOMIC NON OIL REVENUE STREAMS…(WITH TARIFFS BEING THE MAIN DRIVER)…WITH THE EXTREME VOLATILITY OF OIL SUPPORTING THEIR BUDGET AND GDP…THE TARIFFS ARE NOT AN OPTION.
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Enorrste:  There are a few things that we must remember before we go off the track…

1) The first is that the official policy of the CBI and the IMF is to move to a floating dinar.

2) Second is the fact that both the CBI and the IMF expect the value of the dinar to rise, not fall, when it moves to a float.

3) The third fact is that Saleh stated unequivocally that the recent change in the exchange rate from 1166 to 1182 (or 1190) is NOT a devaluation of the dinar but IS an ADJUSTMENT in preparation for something else.

4) The fourth is the fact that there is a liquidity crisis in Iraq caused by the hoarding of up to 70% of all of the dinars in mattresses.

5) Now, finally, this fifth element is coming into play. This adjustment will, in my opinion, cause the locals to unload their paper dinars, most likely for dollars. This is a short term move, in my view, done specifically to draw out the dinars so that they can be destroyed…

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) – I will repeat myself, “what do we know as fact?” Answer…the International Monetary Fund (IMF) two months ago…”he stressed that Iraq will return to economic market during the first half of next year (2016).” …there are no smoke and mirrors…it is just everyday life as the IMF is taking Iraq by the hand and fixing problems internal to the CBI and GOI.  [I guess we are at the mercy of the IMF now?]  We are at no one’s mercury…this is about Iraq and their future. We are here hoping to make a profit off of their good fortune.
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mike (Dinar Guru) – So, there seems to be two camps in Iraq, one wants to move forward with economic and monetary reform, the other wants to maintain the status quo. Over and over again Iraq has refused to do the right thing and move the country forward, why would de-valuing the dinar be so hard to believe and accept? I’m not going to be surprised at all if Iraq drops the rate to 1400-1, I’m just betting and hoping that the good guys somehow find a way to succeed and move this country forward and talk about lowering the value and 50k’s evaporate as the lower denoms come out with value under Article VIII.   [post 3 of 3]
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mike (Dinar Guru) – Even if they managed to coax dinars out of the mattress and lowered note count, I don’t see how it’s going to raise the value of the dinar based on demand, let’s face it, the only place a dinar is useful is in Iraq.  Until they move to Article VIII how can there be any real demand?  My biggest concern right now is if Iraq begins the float without the move to Article VIII, the dinar will then probably drop to the 1400-1 rate…  The only hard and true backstop Iraq has is what?  The reserves.  Apparently, even the Iraqi’s have finally figured this out, they know, without change, the reserves will erode until there’s nothing left and the country becomes insolvent.  [post 2 of 3….stay tuned]
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mike (Dinar Guru) – The topic of lowering the value of the dinar has been bouncing around for months now. it’s not new.  I know we have “assurances” from the CBI, but this move would save the GOI billions on payroll alone, and it’s pretty clear what the motives of the GOI are. They have very little regard for the common man in Iraq…  Instead of moving the country forward with monetary and economic reform, these guys want to beg, borrow and steal to maintain the status quo.  And that’s not an opinion, that’s a factual statement based on the actions of the GOI for the past 5 years I’ve been in this “investment.”   [post 1 of 3….stay tuned]
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Enorrste (Dinar Guru) – Article quote:   “fear the economic and financial circles Iraqi that leads the Iraqi Central Bank’s decision to reduce the value of the dinar against the dollar as of yesterday”   the article confirms…This move is a short term strategic move, not a devaluation.  I particularly liked the fact that the article states quite clearly that any talk of a devaluation is “baseless.”
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Iraqi Dinar/Dollar auction (most recent listing) 01-03-15 

Currency Auctions Announcement No. 3107

This daily currency auction was held in the Central Bank of Iraq on the 01-03-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) – [… your opinion on the dinar starting out at its present rate and floating up on demand as people invest…is that possible?]  I DO NOT BELIEVE THE CURRENT SUPEFICIALLY IMPOSED RATE WILL BE THE STARTING POINT OF A FLOAT.
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Chattels – It appears that Kaperoni is saying that matters are so bad that something must and will be done in the area of currency reform.  I wonder and doubt, but I will be pleased by any pleasant surprise.  Hardly the preferred posture presented by Shabbibi, but no doubt there are a number of scenarios which may lend itself to or militate in favor of our liquidity event and we have never known the recipe(s) with any certainty.  None of us much care how IT happens, only that IT does…
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rcookie (Dinar Guru) – […they have tried to sell bonds before… no takers… at 1166…]   IT IS NOT THE SAME ENVIRONMENT…NOW THAT THEY HAVE MET FULL COMPLIANCE WITH ALL IMF…WB…UN MANDATES….DEFICIT REDUCTION…SUBSIDY ELIMINATION…SALARY LADDER….NON OIL REVENUE STREAMS…TARIFFS…AND COMPREHENSIVE IMF MONITORING OF ALL ECONOMIC AND MONETARY ACTIONS AND POLICY…INCLUDING FULL IMPLEMENTATION OF 2016 BUDGET DISBURSEMENTS TO ALL PROVINCES…NEW DRIVER FOR THEIR ECONOMIC AND MONETARY BUS…AND THE INTERNATIONAL INVESTMENT COMMUNITY KNOWS IT….
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Hub (Dinar Guru) – the imf’s purpose is to insure the stability of the international monetary system.  one document from 2010 states the imf wanted iraq to have a stable economy and set the value at 1166. they wanted to stop inflation and set up the govt to help pull iraq out of the pits…now its a different ball game and they are ready to go forward…so we shall see…its not reconized as an international currency, so to pay for the hotels, oil work, water systems, elecetric company, sanitation for the country, and so on and so on, they have to have a currency everyone will take…so what must happen for this to occur?  Shabbs [Dr. Shabibi] said the dinar will be the most valued and thus most respected currency in the world.
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Kaperoni (Dinar Guru) –  No matter how you look at it, Iraq cannot make it another year without currency reform.  The numbers make it impossible.  So as we said in Oct, the remaining 3 months would be important, the next few months of 2016 are just as important, if not more so.  Iraq has worked (or lack there of) themselves in a corner and they either launch the market economy, currency reform and create businesses and jobs or fail and go broke.   …the government is shut down, and nothing will be posted until Sunday when it opens back up. I do expect something since the CBI came out and said so in there statement which clearly said…”Decides to re-evaluate these investment shares at the beginning of 2016..“ What that means or how it effects us, we will have to wait and see. But something will happen.  As for the how many times have we heard this before? That is not necessary true, yes we have said so, but never like this.  …I cannot recall ever stating the CBI is going broke, or the reserves are diminishing. These are not opinions, but fact. And many of the worlds experts have also concurred. So until Iraq gets this market economy moving, and initiates currency reform (which IMO includes Article VIII) they will continues to be in this predicament. The only solution to the problem is to bring the world’s money to Iraq.  
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wmawhite (Dinar Guru) – [ I have high hopes this time around. Hope Iraq can follow through.]  I am trying not to be too over the top hopeful…but, I am hopeful too…something in the next few weeks/months.
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Poppy3 (Dinar Guru) – WE ALL KNOW THE STATUS AND WHAT CBI , WB, UN, IMF HAVE ALL TOLD US IS HAPPENING SO REALLY ALL WE NEED TO DO NOW IS WAIT PATIENTLY AND LET THEM DO WHAT THEY SAID TO THE WORLD THEY WHERE GOING TO DO THIS MONTH.  

______________________________________________________________

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…

Numbers 6:24-26 (NKJV)

24 “The Lord bless you and keep you;
25 The Lord make His face shine upon you,
And be gracious to you;
26 The Lord lift up His countenance upon you,
And give you peace.”’

Heavenly Father, Thank You that You are the God of Peace! Thank You for blessing us! Thank You for all of Your blessings! We are so grateful and thankful 🙂 In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 01.03.2015

http://www.cbi.iq/

______________________________________________________________

However beautiful the strategy, you should occasionally look at the results. – Winston Churchill

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Enorrste:  There are a few things that we must remember before we go off the track…

1) The first is that the official policy of the CBI and the IMF is to move to a floating dinar.

2) Second is the fact that both the CBI and the IMF expect the value of the dinar to rise, not fall, when it moves to a float.

3) The third fact is that Saleh stated unequivocally that the recent change in the exchange rate from 1166 to 1182 (or 1190) is NOT a devaluation of the dinar but IS an ADJUSTMENT in preparation for something else.

4) The fourth is the fact that there is a liquidity crisis in Iraq caused by the hoarding of up to 70% of all of the dinars in mattresses.

5) Now, finally, this fifth element is coming into play. This adjustment will, in my opinion, cause the locals to unload their paper dinars, most likely for dollars. This is a short term move, in my view, done specifically to draw out the dinars so that they can be destroyed…

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

Economist: Replace the currency and the deletion of zeros is an important step for monetary reform

The adoption of the monetary authority decision in the process of replacing the currency on the approach to costs and benefits, as a change of the Iraqi dinar and the deletion of zeros is an important step on the road to monetary reform, and the reform of the currency management system through structured to control the flow and management of the cost of the money supply in a manner optimized and using a form «Mosley» the most comprehensive, which does not stop at the borders of the costs and benefits but includes economic, social and political environment variables.

He said economic expert d. Abdul-Hussein Abdul Jalil Ghalibi according to »Sabah» that “ideas can be raised in this area, from the process of deleting the zeros and replace currency terms would be too costly to the Iraqi economy and society, from the cost lawsuits and compensation, as well as support the economy commissioned during and after the process substitution.

He stressed that no one denies that the process of changing the dinar require the costs to complete, but the discussion of these costs come from several directions, the first being to maintain the dinar generates community ongoing costs in accounting and procedural fields of counting and sorting, storage and others…

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) – I will repeat myself, “what do we know as fact?” Answer…the International Monetary Fund (IMF) two months ago…”he stressed that Iraq will return to economic market during the first half of next year (2016).” …there are no smoke and mirrors…it is just everyday life as the IMF is taking Iraq by the hand and fixing problems internal to the CBI and GOI.  [I guess we are at the mercy of the IMF now?]  We are at no one’s mercury…this is about Iraq and their future. We are here hoping to make a profit off of their good fortune.
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mike (Dinar Guru) – So, there seems to be two camps in Iraq, one wants to move forward with economic and monetary reform, the other wants to maintain the status quo. Over and over again Iraq has refused to do the right thing and move the country forward, why would de-valuing the dinar be so hard to believe and accept? I’m not going to be surprised at all if Iraq drops the rate to 1400-1, I’m just betting and hoping that the good guys somehow find a way to succeed and move this country forward and talk about lowering the value and 50k’s evaporate as the lower denoms come out with value under Article VIII.   [post 3 of 3]
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mike (Dinar Guru) – Even if they managed to coax dinars out of the mattress and lowered note count, I don’t see how it’s going to raise the value of the dinar based on demand, let’s face it, the only place a dinar is useful is in Iraq.  Until they move to Article VIII how can there be any real demand?  My biggest concern right now is if Iraq begins the float without the move to Article VIII, the dinar will then probably drop to the 1400-1 rate…  The only hard and true backstop Iraq has is what?  The reserves.  Apparently, even the Iraqi’s have finally figured this out, they know, without change, the reserves will erode until there’s nothing left and the country becomes insolvent.  [post 2 of 3….stay tuned]
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mike (Dinar Guru) – The topic of lowering the value of the dinar has been bouncing around for months now. it’s not new.  I know we have “assurances” from the CBI, but this move would save the GOI billions on payroll alone, and it’s pretty clear what the motives of the GOI are. They have very little regard for the common man in Iraq…  Instead of moving the country forward with monetary and economic reform, these guys want to beg, borrow and steal to maintain the status quo.  And that’s not an opinion, that’s a factual statement based on the actions of the GOI for the past 5 years I’ve been in this “investment.”   [post 1 of 3….stay tuned]
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Enorrste (Dinar Guru) – Article quote:   “fear the economic and financial circles Iraqi that leads the Iraqi Central Bank’s decision to reduce the value of the dinar against the dollar as of yesterday”   the article confirms…This move is a short term strategic move, not a devaluation.  I particularly liked the fact that the article states quite clearly that any talk of a devaluation is “baseless.”
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Iraqi Dinar/Dollar auction (most recent listing) 01-03-15 

Currency Auctions Announcement No. 3107

This daily currency auction was held in the Central Bank of Iraq on the 01-03-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) – [… your opinion on the dinar starting out at its present rate and floating up on demand as people invest…is that possible?]  I DO NOT BELIEVE THE CURRENT SUPEFICIALLY IMPOSED RATE WILL BE THE STARTING POINT OF A FLOAT.
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Chattels – It appears that Kaperoni is saying that matters are so bad that something must and will be done in the area of currency reform.  I wonder and doubt, but I will be pleased by any pleasant surprise.  Hardly the preferred posture presented by Shabbibi, but no doubt there are a number of scenarios which may lend itself to or militate in favor of our liquidity event and we have never known the recipe(s) with any certainty.  None of us much care how IT happens, only that IT does…
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rcookie (Dinar Guru) – […they have tried to sell bonds before… no takers… at 1166…]   IT IS NOT THE SAME ENVIRONMENT…NOW THAT THEY HAVE MET FULL COMPLIANCE WITH ALL IMF…WB…UN MANDATES….DEFICIT REDUCTION…SUBSIDY ELIMINATION…SALARY LADDER….NON OIL REVENUE STREAMS…TARIFFS…AND COMPREHENSIVE IMF MONITORING OF ALL ECONOMIC AND MONETARY ACTIONS AND POLICY…INCLUDING FULL IMPLEMENTATION OF 2016 BUDGET DISBURSEMENTS TO ALL PROVINCES…NEW DRIVER FOR THEIR ECONOMIC AND MONETARY BUS…AND THE INTERNATIONAL INVESTMENT COMMUNITY KNOWS IT….
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Hub (Dinar Guru) – the imf’s purpose is to insure the stability of the international monetary system.  one document from 2010 states the imf wanted iraq to have a stable economy and set the value at 1166. they wanted to stop inflation and set up the govt to help pull iraq out of the pits…now its a different ball game and they are ready to go forward…so we shall see…its not reconized as an international currency, so to pay for the hotels, oil work, water systems, elecetric company, sanitation for the country, and so on and so on, they have to have a currency everyone will take…so what must happen for this to occur?  Shabbs [Dr. Shabibi] said the dinar will be the most valued and thus most respected currency in the world.
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Kaperoni (Dinar Guru) –  No matter how you look at it, Iraq cannot make it another year without currency reform.  The numbers make it impossible.  So as we said in Oct, the remaining 3 months would be important, the next few months of 2016 are just as important, if not more so.  Iraq has worked (or lack there of) themselves in a corner and they either launch the market economy, currency reform and create businesses and jobs or fail and go broke.   …the government is shut down, and nothing will be posted until Sunday when it opens back up. I do expect something since the CBI came out and said so in there statement which clearly said…”Decides to re-evaluate these investment shares at the beginning of 2016..“ What that means or how it effects us, we will have to wait and see. But something will happen.  As for the how many times have we heard this before? That is not necessary true, yes we have said so, but never like this.  …I cannot recall ever stating the CBI is going broke, or the reserves are diminishing. These are not opinions, but fact. And many of the worlds experts have also concurred. So until Iraq gets this market economy moving, and initiates currency reform (which IMO includes Article VIII) they will continues to be in this predicament. The only solution to the problem is to bring the world’s money to Iraq.  
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wmawhite (Dinar Guru) – [ I have high hopes this time around. Hope Iraq can follow through.]  I am trying not to be too over the top hopeful…but, I am hopeful too…something in the next few weeks/months.
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Poppy3 (Dinar Guru) – WE ALL KNOW THE STATUS AND WHAT CBI , WB, UN, IMF HAVE ALL TOLD US IS HAPPENING SO REALLY ALL WE NEED TO DO NOW IS WAIT PATIENTLY AND LET THEM DO WHAT THEY SAID TO THE WORLD THEY WHERE GOING TO DO THIS MONTH.  

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

www.DinarUpdates.com

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

Word for the day…

2 Thessalonians 3:3 (NKJV)

3 But the Lord is faithful, who will establish you and guard you from the evil one.

Heavenly Father, Thank You that You are Faithful! Thank You for establishing and guarding us! In Jesus Name, Amen.

Mrs. BGG

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CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 12.31.2015 (no change as of 12/30)

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There’s nothing in the middle of the road but a yellow stripe and dead armadillos. – Jim Hightower

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*** Current Posts ***

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HAPPY NEW YEAR!!

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Poppy3 – …IT DOESNT GET BETTER… THEY CANT SAY IT ANY CLEARER. WHAT I HAVE DISCLOSED IS ALL IN INK AND STATED TO THE WORLD THAT IS LISTENING. HERE WE ARE AND THIS IS WHAT WE ARE DOING NOW.   THE ONLY OFFICIAL RATE EVER MENTIONED WAS GIVEN IN OCT 2010 AND NO ONE HAS EVERY SAID A WORD DIFFERENCE. I HAVE POSTED IT AT LEAST 1000 TIMES.   [reference Poppy3’s previous posts 12-28-2015 & 12-29-2015]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
Thursday 12/31 641-715-3640 pin#570743

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Kaperoni – From CBI:  “Decides to re-evaluate these investment shares at the beginning of 2016 in the light of the prices traded by Iraq Stock Exchange,”    Iraq is running out of time.  With oil at $35 and expected to maybe drop to even lower, those reserves will be gone in no time.  They need currency reform now and they need to get this market economy going without delay.  That being said, I am hopeful this notice is the beginning of that reform.  I am optimistic.
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Arthur – In a nutshell it appears that every single element we could possibly hope to see has and is happening in real time. The Hydrocarbon Law governing funds distribution along with the requisite taxes and tariffs are imminent within the next  48 hours. We are witnessing the perfect storm that we have always dreamed of for a reality rate for our investment  literally any day now.  The security picture couldn’t be better as what you are getting is at least 8 days behind reality so consider it done. In the words of the late Michael Jackson: THIS IS IT!
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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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Poppy3 – [From what I found out is …the (CBI) closing of 3 days … happens every year … per say … is caused by ANNUAL INVENTORY … PER DOLLARS AND IARQI DINAR …]  STRANGE NEVER CLOSED BEFORE FOR 3 DAYS ON NEW YEARS…REMEMBER I BEEN HERE 12 YEARS.  NEVER HAVE THEY ANNOUNCED A CLOSING BEFORE.
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tman23 – The Finance Minister uses the USD petro dollar to buy IQD from the CBI to pay for salaries etc.  There is a BIG domino effect that goes along with revalue or either devalue. Over the years we have debated, argued, and highly contested the opinions of others on how the monetary change will be introduced. The only thing we know for a fact is the “project to lift the 3 zeros” was given the green light this past spring AND the time for the optimum time for the 3 zeros to be lifted is at the start of the New Year. Interesting week INDEED!  Will you be seeing 67 cents… or $1… OR $3 plus…OR a ZONK! 
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TD – If these moves prove results then the IMF will help Iraq orchestrate the long awaited “deletion of the zeros” ( or) LOP. The IMF has made it clear during these talks that the LOP and dramatically reducing the money supply is the ONLY way forward for them to have a real and stable monetary program.  Again as my amigo stated before it is still on the table that Only notes inside Iraq will then be allowed to exchange for the newer notes. This process is still scheduled for the second half of 2016 to start BUT progress on ISIS and IMF imposed conditions are prerequisites.  [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 12-30-15 

Currency Auctions Announcement No. 3106

This daily currency auction was held in the Central Bank of Iraq on the 12-30-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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TD – Important comments from my Kurdish friend ( you can treat all as rumor and please due your own sound diligence ). 2016 is a make it or break it year for Abadi’s survival.  In particular the 1st half and progress in the war against ISIS is job número uno.  Monetary reserves have evaporated and the IMF is now at the helm of monetary policies to be executed in exchange of the bailout Iraq is receiving from them. Parliament and CBI have agreed to implement whatever reforms the IMF requests. Inside word is that the IMF too has at its highest priority the transformation measures of Iraq into a diversified market driven economy and so the next few months will be very telling of investment policies and mechanisms that will be established.    [post 1 of 2….stay tuned]
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Kaperoni – Article quote:  “Decides to re-evaluate these investment shares at the beginning of 2016 in the light of the prices traded by Iraq Stock Exchange,”   I talked to a broker a few minutes ago, he stated it sounds like efforts are being made to reprice shares to provide some source of security or stability to the investment community.  He said the question is are they pricing in dollar or dinar?  If it is dinar, which is what we expect, we may see some change to the dinar then.
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rcookie – SOME MORE POSITIVE INDICATORS TO THE CURRENT ENVIRONMENT…IRAQI REPORTS THIS MORNING OF 425 SHIPS/TANKERS IN 2 MONTHS FROM A PLETHORA OF COUNTRIES… KUWAIT… UAE…DENMARK…LIBERIA…INDIA… MANILA…SINGAPORE… VIET NAM…WITH ADDITIONAL REPORTS OF PORT ACTIVITY VOLUME TO INCREASE DRAMATICALLY AT START OF NEW YEAR…WITH ALL THE NEWS AND REPORTS OF CUSTOM TARIFFS IMPLEMENTATION TO ALL PROVINCES AND MEETINGS ONGOING BETWEEN ERBIL AND BAGHDAD…AGREEMENTS WITH BORDER NATIONS FOR TARIFF IMPLEMENTATION…THE “IN INK” INCLUSION OF TARIFFS AS 2016 BUDGET REVENUE STREAM…THE ADOPTION OF MARITIME AND ENVIRONMENTAL LAWS… ME THINKS ALL THE I’S BEING DOTTED…T’S CROSSED…IF YOU LISTEN REALLY CAREFULLY…YOU CAN HEAR THE NEW IRAQI ECONOMIC ENGINE STARTING. WE ALL HAVE FRONT ROW SEATS FOR THE HISTORY THAT IS UNFOLDING!!
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sczin11 – Article:  “Trading on the shares of the company’s financial Sama Baghdad convertible launch as of Sunday session 01.03.2016”   THIS MAY BE THE BIGGEST NEWS WE HAVE SEEN TO DATE…IF TRUE, AND MORE IMPORTANT, IF I UNDERSTAND WHAT THIS IS SAYING…ONE CAN ONLY ASK, WHY? ALMOST 1 YEAR AGO, WE SAW THE APPROVAL OF ABOUT 8 MONEY TRANSFER COMPANIES, TO BE LISTED ON THE IRAQI STOCK EXCHANGE…WELL, THIS APPEARS TO BE ANNOUNCING THE START OF TRADING FOR ONE OF THESE COMPANIES, ON SUNDAY…JANUARY 3, 2016.
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Millionday – Article quote:   “FinanceMinister Hoshyar Zebari, on Monday, that Iraq has revived a plan to sell bonds two billion dollars in the budget of 2016”   BONDS ARE GOING ON THE MARKET THIS COMING YEAR — THEY ARE HUGE IN THE PROGRESS OF IRAQ AND SUPPORTIVE OF A HIGHER VALUE FOR THE COUNTRY ACCORDING TO THE REPORTS.
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wmawhite – [...they are trying to stop the use of usd in iraq?]  This has been the effort/the plan from the beginning and all of these laws and all of the IMF/WB efforts has been toward a “Market Economy” wherein the sole currency that Iraq conducts business with.   [do u think the tarriffs and taxes will happen this time?]  Well…some people in Parliament think so and the 2016 budget will not work without those revenues.  [when you see the tariffs and taxes you will see a rate change too.]   Possible…it does make sense…makes sense that change must come soon…
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Kaperoni – Article: “Parliamentary Finance reveal activation of customs tariffs starting from next Friday”  Keep in mind next Friday means this Friday which is Jan 1st.  The same time the CBI said they were going to “re-evaluate investment shares at the beginning of 2016”
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rcookie – [we see tariffs and taxes we will see the RV.]   THE EVIDENCE IS CLEAR OF THE GOODS READY FOR INTRODUCTION TO ECONOMY WITH TARIFFS IMPLEMENTED…PRODUCT QUALITY INSPECTION MECHANISMS IN PLACE…SO RETAIL PRICING ADJUSTMENTS INCORPORATED AND PASSED ON TO CONSUMERS…SO INCREASE IN PURCHASING POWER MUST PRECEDE…AND THE FACT THAT THE BUDGET RELIES HEAVILY ON TARIFF REVENUES…WITH THE IMF DRIVING THE BUS… I THINK IT IS TIME.
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Kaperoni – CBI Announcement quote:  “Decides to re-evaluate these investment shares at the beginning of 2016 in the light of the prices traded by Iraq Stock Exchange,”   This does sound good.
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EXOGEN – …Iraq  will become the new global “OIL KID ON THE BLOCK” soon.  Iraq is now approaching Stability for complete Monetary Reform Implementation.  The Release & Distribution Lower Denoms in Iraq will be the global indicator of the rate adjustment of the currency.
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Millionday – “…asia cell mobile phone service, announced the launch of electronic payment (Asia Service Money project), in the whole of Iraq and the Kurdistan Region…”   ELECTRONIC PAYMENT IS SET UP ALL OVER THE COUNTRY OF IRAQ AS OF TODAY THROUGH ASIA CELL.  THEY MAY PAY THE BILLS THROUGH ASIA CELL AND HAVE BEEN GIVEN INSTRUCTIONS — THIS IS THROUGH ELECTRONIC CREDIT CARDS — WHOOOPOW.  THAT WOULD LEAD ME TO BELIEVE THAT THEY WILL BE INTERNATIONALLY RECOGNIZED THROUGH ECONOMIC LOGIC BUT HAVE TO WAIT TO INK.
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firefly – […this is all planned!! everything!!]  Of course it’s a plan, I proved it to you guys many times.  [well hope the plan has a very soon ending.]  I’m not hearing of ANY stumbling blocks …. nada.  Like I’ve said, EVERY PLAN HAS AN END!   [and we are at the end!]  IMO YES!!  Remember also, the CBI has told us recently the project to delete zeros is still planned for 2015. Why is this important? Because every time they delayed this project they told us 3 months in advance. NOT THIS TIME!
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Kaperoni – The federal budget of the Republic of Iraq for fiscal year 2016:  “Article 53:  This Code shall be published in the Official Gazette and put into effect as of January 1st 2016.  Reasons: This Code has been legislated to approve The Federal  Budget of the Republic of Iraq for the Fiscal Year 2016.”
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Millionday – ANNOUNCEMENT FROM CBI:  “To / all licensed banks and money transfer companies approved all and the financial investment companies approved all and brokering the sale and purchase of foreign currencies approved all companies (foreign exchange rate) 12/28/2015“  IMO IT MEANS THAT THE REGULATIONS HAVE BEEN ACTIVATED AND ONLY MONEY EXCHANGERS AND BANKS CAN EXCHANGE CURRENCY — THE NOTICE IS TO ALL THAT HAVE BEEN LICENSED.  THE MARKET IS CLOSED RIGHT NOW THERE AND IT OBVIOUSLY IS VERY EXCITING TO SEE THIS FROM CBI.

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BGG – Did you guys catch the Iraqi Ambassador to the US on Fox tonite [Tuesday]…It looks like the world is ready to welcome them into the world community.
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mike – It won’t work anymore, they can’t generate enough money from oil to control everything, those days are gone.  Until Iraq can release the constraints on foreign investment, create an open market economy and allow the currency to be internationally accepted, we’re going to continue to watch the slow death of Iraq’s economy and it’s ability to pay the salaries of it’s people. Even if reforms, laws and legislation magically happens tomorrow, it’s going to take a considerable amount of time for it to take effect and move the country forward.  In the mean time, these guys are spending the reserves like a sailor on shore leave.  It’s like watching a car wreck in slow motion, these guys just don’t get it.  IMO   [post 2 of 2]
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mike – Article:  “Iraqi state is facing the threat of bankruptcy next year”  For what it’s worth, I just don’t know how much effect the IMF’s going to have on the situation in Iraq.  Can the IMF pass the needed laws to create an open market economy?  Can they charge, prosecute and imprison the elite who are responsible for scamming the auctions? Can they craft the legislation and get it through Parliament relating to the long overdue banking reforms?  Iraq has known for over a year now that oil wasn’t going to be enough to make payroll, fund the infrastructure projects and fight the war against ISIL and what have they done?  Not much. There’s been a few laws passed but in the end, Iraq is still holding tight to the old, centralized, government controlled systems they’ve had for years.  [post 1 of 2….stay tuned]
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

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

Word for the day…

2 Thessalonians 3:3 (NKJV)

3 But the Lord is faithful, who will establish you and guard you from the evil one.

Heavenly Father, Thank You that You are Faithful! Thank You for establishing and guarding us! In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 12.29.2015

http://www.cbi.iq/

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

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*** Current Posts ***

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BGG – [Are the Tariffs still set to start soon? Like Jan 1?]  not sure – but if you see legit tariffs start and hold – you will see a rate…
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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!!
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Enorrste (Dinar Guru) – Article:  “Forthcoming meeting between Baghdad and Erbil for the application of the customs tariff law in all outlets”     If they apply the tariffs then the cost of goods will go up inside Iraq since Iraq imports the vast majority of its products.  The tariffs will help the GOI in terms of getting them more money, but at the cost of higher prices for the people.  Unless they also raise the value of the dinar in sync with the introduction of tariffs this will lead to inflation in Iraq.  Therefore one of two things will happen:  they will either postpone the tariffs or they will institute the float with the introduction of tariffs.  Time will tell.
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Frank26 (Dinar Guru) – It’s not a coincidence…that we look at a long weekend…no coincidence… meanwhile the ISX went ballistic today…they sold 619 million shares that is worth almost 500 billion IQD’s…all in one afternoon…that is why we sense we are very close to the international world...there is SECURITY to enter an international world…we do know they has stopped selling the USD…they only use their currency…you did notice there is a long weekend over the end of the year into the next year.  You do know the Iranian sanctions will be lifted in this same time frame…You do know the budget is to be implemented in this time frame.  You do know the taxes and tariffs are ready to be applied in all ports of Baghdad… Erbil…all of them…that is powerful…that is serious for a monetary reform.
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BGG – [what would happen if they did nothing with the currency and just kept using the usd?  they have been using it for many years and are still surviving u think that is at all possible what would happen to Iraq?]  long run – NO CAN DO – IMF is in charge. They can’t have a “dual currency country” as a major exporter of oil.
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Iraqi Dinar/Dollar auction (most recent listing) 12-29-15 

Currency Auctions Announcement No. 3105

This daily currency auction was held in the Central Bank of Iraq on the 12-29-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Poppy3 – …IT WAS BECAUSE OF A INVESTMENT ADVISER COMPANY AND THEIR STAFF THAT I WAS INTRODUCED TO INVESTMENT IN DINAR. THEN I STUDIED IT FOR 9 MONTHS 12 YRS AGO BEFORE I PUT A DIME OF MY FAMILIES MONEY IN IT AND I HAVE NEVER STOPPED BELIEVING IN IT THAT MY RESEARCH AND THEIRS WAS CORRECT.  IF IT WAS A GREAT INVESTMENT THEN IT IS 100 TIME GREATER TODAY.   …STUDY THE CURRENCY OF EVERY COUNTRY THAT HAS EVER BEEN LIBERATED BY WAR…END OF DISCUSSION.
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mike (Dinar Guru) – Article  “Iraq Stock Exchange traded more than 600 billion shares worth about 500 billion dinars”   What stands out to me is how small the ISX really is, total months trading equaled just $495 million and it’s total worth is only $7.5 billion dollars.  I realize it’s not a fair comparison, but the NYSE is worth over $19 trillion and average daily trading in 2013 was $169 billion.  Iraq desperately needs foreign capital to get these guys off the ground.
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Mnt Goat (Dinar Guru) – …after all is said and done – it is still, in my opinion, the ONLY solution really to this dilemma is to REINSTATE the Iraqi dinar first to just over the value of the US dollar 1: 1 creating the incentive to exchange dollars for dinars. Pop out the lower denominations quickly (as planned in 2012-2013) thus starting the de-dollarization process. I believe it could move very quickly from that point. Then later, once inflation is under control, they would have to fully RV to pre-war values plus equity, rolling the currency back out to the global exchanges and placing it on a floating currency regime (as Iraq fully intends to do since they told us so in…articles…).   [post 3 of 3]
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Hub (Dinar Guru) – the dinar was instituted in 1932 and was valued at 4.75 plus, in ’49 devalued to 2.50 or so…in ’71 till ’93 was about 3.30…hussein had it 3.22, UN stepped in and it went 3000 dinar to 1 usd.  …why would a country have one of the most valued currencies in the world and are now only ahead of VN ZIM, and a few others in that caliber.  we know the answer, just do it…i just know eco 101 says it has to happen to stay in the forefront of the world economy.
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BGG – [With all that has been done to date, laws, corruption security, loans promised, Can this go on at 1166 past Jan 1st when 2016 budget is supposed to be opened?]  Simple answer – yes… complicated answer… how much past that date…?  probably not long…    […could you give us 2 or 3 reasons why many are suggesting by Jan1 or soon after?]   really – ANYTHING CAN HAPPEN at this point… meaning anything at anytime…  
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Poppy3 – …BEST NEWS FROM YESTERDAY…IT WAS ANNOUNCED THAT THE CBI WOULD REMOVE THE RATE OF THE DINAR FOR THREE DAYS. THEN CHECK YOUR MEMORIES THAT THE GOOD DOCTOR SHABIBI STATED HE WOULD NEED THREE DAYS CBI DOWN TO INTRODUCE THE NEW RATE.  [what date did the CBI state they would not show the rate for 3 days?] JANUARY 1, 2, 3.   [are you a fan of the 1:1 Ri and later an RV or get er done at 1 time?]  MY STANCE HASNT CHANGED SINCE OCTOBER OF 2010 WHEN THE IMF POSTED ON THEIR WEBSITE THE AGREEMENT WAS MADE TO ALLOW IRAQ $3.22 CENTS AND UP TO 20% MORE FOR THE COST OF INFLATION DURING THE WAR.  NOW SINCE THAT TIME NOT ONE, I REPEAT NOT ONE OFFICIAL PERSON THAT HAS SQUAT TO DO WITH THE RATE HAS EVER ANNOUNCED ANYTHING DIFFERENT AS A POSSIBLE RATE.
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SteveI (Dinar Guru) – Article:  “Iraqi army declares first major victory over Islamic State in Ramadi”  Excellent progress…great news.
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

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

Word for the day…

Luke 2:11 (NKJV)

11 For there is born to you this day in the city of David a Savior, who is Christ the Lord.

Heavenly Father, thank You for Jesus, our Lord and Savior! In Jesus Name, Amen.

Mrs. BGG

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CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 12.26.2015

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The truth is cruel, but it can be loved, and it makes free those who have loved it. – George Santayana

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*** Current Posts ***

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Poppy3 – I get the impression that some Iraq banks were either expecting the RV a couple of days ago, or else any time now. Is that what you are hearing?]  Steve1 was dead on this time according to what has been said and been indicated by their own banks.   LIKE MY SOURCES ALL BEEN EXPECTING RATE TO SHOW SINCE LAST WEEK THRU JAN 2ND AT THE LATEST IF NOT SOMEONE OR SOMETHING UNEXPECTED HAS OCCURRED TO SLOW THE CBI FROM THEIR OWN STATED PROGRESS.  UNTIL SOMETHING ELSE CHANGES AND LEADERSHIP SAYS SOMETHING DIFFERENT WE CAN ONLY STAND ON THEIR STATEMENTS AS THE FACTS TODAY.
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www.DinarUpdates.com – save as favorite!!
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firefly (Dinar Guru) – Infrastructure projects and security looks near completion!  Love it when things come together at once!   I’ve been excited for a while now.  It is happening before our eyes, like watching the end of a movie. How can one not be excited!  Especially with the IMF now in control of Iraq’s economy…
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tlm724 (Dinar Guru) – Article quote:   “the World Bank and the International Monetary Fund and the situation In the first of their business need to conduct these loans in the areas of energy. ”    they will make sure this money goes where it is supposed to go…they are done with the corruption and loaning money that gets stolen!
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SteveI (Dinar Guru) – Now another note that was brought to my attention is that there must be some time frame for the CBI restrictions on the money exchangers. These are business that are currently in business and if these restrictions did not have some short time limit on them, then these business would go out of business. Do you understand the importance and meaning of this?  Very exciting times ahead. It is also my understanding that the ISX will be closed sometime around the 28th of December to January 3rd 2016. So let’s see what happens and how all of this plays out.  I have also been informed that Iraq has a very good handle on the ISIS issues…  One last thing, [Guru] Ray and I have confirmed with a bank which we will not name is ready for this exchange. Just having a major bank tell us that means so much regarding this currency being very real.  [post 3 of 3]
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SteveI (Dinar Guru) – * December 14th — To / all licensed banks and money transfer companies and exchange companies (off dollar processing) – stop using the USD <– Confirmed and huge news  * December 15th — To / banks approved to exercise all banking (sale and purchase of foreign currency instructions) <– Confirmed and huge news  * December 16th — Companies that have been shut off from the sale and purchase of foreign currencies window – Message from CBI to all 72 currency exchange <– Confirmed and huge news  *Businesses in Iraq to stop trading foreign currency.  They did not mention banks on this list, only currency exchange businesses. <– Confirmed and huge news * CBI announces it is replacing the currency auction <– Confirmed  * Conference in London to discuss investment in the Iraqi stock market <– Confirmed.  I have personally never seen so much progress at once but have been told to start looking for this to happen very quickly.   [post 2 of 3….stay tuned]
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SteveI (Dinar Guru) – I do not like to do update until we confirm from several sources the actual facts. Our team includes a couple of members that have some contacts in very positive places, and [Guru] Ray and I who have many sources in the United States and many in Iraq that is very knowledgeable about the current events happening.  …here are a few things I am being told have happened or are in the works – things are moving quickly!   * 2016 Budget Passed <– Confirmed  * HCL Passed <– we are confirming if this is done or will be done in the next day or two  * IMF Signs With Iraq to Control Their Economy <– Confirmed  * Activation of Customs Tariffs Announced <– Confirmed  * More troops from US and Italy deployed to Iraq to finish clean-up of Mosul and Ramadi <– Confirmed.   [post 1 of 3….stay tuned]
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Kaperoni (Dinar Guru) – Aricle: “Abadi adviser: World Bank loan conditional on the imposition of the electricity tariff and customs”   IMF and World Bank MoU’s, loans, etc.  are good..as they do have conditions.  And we can see that both these agencies are pushing reforms which is good for us.
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SteveI (Dinar Guru) – The CBI had then published the announcement on the CBI website and what the CBI was telling them was no, it has not re-valued yet but they will publish the formal notice on the CBI website when it does and they will be notifying the rest of the world as well when it does.  …the CBI could have simply said, [no] is has not changed value nor will it ever change value, but just the opposite.  I love this news. We still do not know when, but my guess is not to far in the distant future.   [post 2 of 2]
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SteveI (Dinar Guru) – CBI quote:  “To / all licensed banks and licensed money transfer companies and all financial investment companies and broker the buying and selling of foreign currencies approved all companies (foreign exchange rate)  12/20/2015”   There has been a CBI pdf file floating around and we…got a few people to read and interpret it as to is true meaning and intent. This is not from a on translator, but real people over there in Iraq and here…  So here is what this really means. I think it is very positive and very telling. Many banks, money exchanges, brokers and financial institutions have been questioning the CBI because they heard or was hearing that the currency value (RI/RV) had taken place or they were asking the CBI when it will happen.   [post 1 of 2….stay tuned]
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Poppy3 – ALL BANKS THAT HAVE A TRADE LICENSE WILL TRADE THE DINAR AS IT BECOMES INTERNATIONALLY TRADEABLE. THERE WILL BE 3 RATES…CBI RATE, AMERICAN BANK RATE AND UST RATE. WHEN YOU TRADE YOURS IN AT THE BANK THEY WILL TRY AND CHARGE YOU A SPIFF OR ADMINISTRATION FEE? THAT PART WILL BE NEGOTIABLE. THE BANKS WILL TURN THE DINAR TO THE UST AND THE UST WILL PAY THE BANKS A % FOR THE EXCHANGE. THATS HOW THE BANKS WILL MAKE THERE $$$$$…I HAVE HEARD THAT UST RATE WILL BE BETWEEN 2 TO 10% MORE THAN THE BANK RATE MAKING THE BANKS HUGE PROFITS. THIS INFO FROM TWO REGIONAL BANK MGR. THEY SHOULD KNOW!
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Sadr referring to al-Maliki “Vice-President”: leave him dreaming as his plans were revealed

Shafaq News / The leader of Sadrist Movement, Moqtada al-Sadr said that the leader , Nuri al-Maliki sticking in the position as a Vice President of the Republic is a “wishful thinking”.

Data from Maliki’s office are still being issued to the media is attached as a Vice President of the Republic in spite that his position has been reduced by a decision of the Prime Minister , Haider al-Abadi and the Court confirmed the decision .

Moqtada al-Sadr replied in a question posted on his website, that the reason for holding the vice president position , “is wishful thinking. He’s dreaming.”

Al-Sadr told the people, ” his plans were revealed as well as his reckless policy.”

Read More: http://www.dinarupdates.com/showthread.php?27342-Sadr-referring-to-al-Maliki-quot-Vice-President-quot-leave-him-dreaming

BGG ~ We haven’t heard a peep out of Maliki for 2 weeks?? The first thing that pops up is this… and some rumor Maliki may be about to be arrested (or already is…) AND – Abadi is using Iraqi Regular Army Sunnis to liberate Ramadi and then Mosul.

IMHO – the political winds have shifted in Iraq.

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rcookie – THERE IS STRONG PRESUPPOSING THAT GIVEN THE ECONOMIC ENVIRONMENT WITHIN IRAQ RIGHT NOW…RAMPANT POVERTY & UNEMPLOYMENT…MANDATED SALARY ADJUSTMENTS ACROSS THE BOARD…DIRE HARD CURRENCY LIQUIDITY IN MARKET…THAT FURTHER IMPACT TO THEIR FRAGILE STANDING OF IMPLEMENTING OTHER TAXES WOULD HAVE TO BE PRECEDED WITH CHANGE IN VALUE TO IMPROVE THEIR PURCHASING POWER TO ADJUST AND ACCOMMODATE…THIS IS HOW THEY WILL REALIZE AND BENEFIT FROM THE CHANGE IN VALUE…IN COUNTRY…
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Poppy3 – […was there any proof that ZIM RV’ed.] THE ONE NOTE I READ WAS THE STATEMENT THEY WERE GOING TO USE ZIM $$$$ EXCLUSIVELY. THAT SOUNDS VERY FAMILIAR.  …got another REPORT ON ZIM.  IT HASNT RVED VALUE YET BUT IS EXPECTED AT ANYTIME. REPORT SAYS THE ONLY REASON IT HASNT IS THEY STILL PRINTING LD’S IN PREPARATION FOR THE NEW VALUE. EXPECTING .03 CENTS. HOPE THIS UPDATE HELPS. NOT FROM ANY USUAL SOURCE BUT THIS SOUNDS VERY REASONABLE ESPECIALLY WITH THEM REPORTING BEING PAID NOW IN ZIM ONLY.  TIME WILL TELL.
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Iraqi Dinar/Dollar auction (most recent listing) 12-24-15 

Currency Auctions Announcement No. 3102

This daily currency auction was held in the Central Bank of Iraq on the 12-24-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) – Personally, I am looking forward to this new year because I truly believe that Iraq will turn the financial corner…I am repeating exactly what the IMF told the world 4 weeks ago.
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Kaperoni (Dinar Guru) – “it will not unlike this increase is an increase in the sale price of the dollar in the currency auction,”  aahhh but it did… They can twist it anyway they like, but the Market Rate did change from about 1212 to 1220 so it adjusted, which means it devalued and the citizens lost 16 dinars to the $1 purchasing power.  It is clear, the hope was they could devalue the dinar, save a little money to cover the budget deficit and hope that the Market Rate would stay within the 2% IMF compliance (about 1214 or less).  But it seems to have failed with the dinar Market Rate now at 1220.
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Poppy3 – [POPPY U STILL FEEL WE ARE GONNA BLOW THIS POPCORN STAND BEFORE JAN 1?]  THEY GIVE A NEW RATE TO COMPLETE FINANCIAL REFORM AND WORLD BANK GIVE THEM 1.2 BILLION. SOUNDS TO ME LIKE JAN 1 OR BEFORE. 
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rcookie – IN WHAT ALTERED UNIVERSE COULD ANY REAL POSSIBILITY OF IRAQ DEMONSTRATING TO THE WORLD…A NON SECTARIAN…INCLUSIVE GOVERNMENT…EXCISION OF CORRUPTION…AND MOVE TO A MARKET ECONOMY…WITH ECONOMIC AND MONETARY REFORM HAVE HAPPENED IF NOT FOR ABADI.  ALMOST EVERY MINISTRY IN THE GOVERNMENT WAS OVERWHELMED AND RAMPANT WITH CORRUPTION… RESULTING IN THE UNMET COMPLETION OF SERVICES AND QUALITY OF LIFE FOR THE CITIZENS…WHICH IS NOW BEING DIFFUSED AND PREVENTED WITH THE UN AND IMF OVERSIGHT OF TRANSFER OF POWERS…AND ALL ECONOMIC AND MONETARY REFORM INITIATIVES…INCLUDING THE CBI…AND OVERSEEING THE 2016 BUDGET ALLOCATIONS AND DISBURSEMENTS ARE EXECUTED FLAWLESSLY…HAS NEVER HAPPENED BEFORE!
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Millionday – “Iraq and China signed today five agreements and memoranda of understanding on economic and technological cooperation The military, diplomatic, and oil and energy.”   NOTE — I WILL JUST SAY THIS — IMO — THIS IS HUGE AND VERY IMPORTANT AND SHOULD SHOW MANY HOW CLOSE THEY ARE TO GOING INTERNATIONAL DUE TO THE MANY AGREEMENTS. WHEN SANCTIONS WERE PUT IN PLACE THEY WERE NO LONGER ABLE TO GET ANYTHING FLOWN IN — WHEN THEY WERE LIFTED CHINA WAS THE FIRST COUNTRY TO BRING IN TECHNOLOGY — OBVIOUSLY THEY WANT TO BE PART OF THE MASSIVE TRADE AND DEVELOPMENT THAT WILL TAKE PLACE AS WITH MOST.  UNDERSTAND THAT THE MONETARY POLICY ONE STATED THAT IT HAS TO BE STRONG FOR THE FISCAL POLICY WHICH BEGINS JAN 1ST.  VERY EXCITING TIME FOR IRAQ AND MANY IN AGREEMENTS/CONTRACTS/ INVESTED WITHIN.
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Adam Montana (Dinar Guru) – If you’ve kept up with my latest updates, you know we’re moving in the right direction.
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Millionday News Time Chat 12-22-15 PM

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: WELCOME TO NEWSTIME EVERYONE – I HAVE A FEW THINGS TO SHOW YOU

Millionday: I LOVE THIS REPORT

Millionday: Iraq Economic affairs expert, Dhurgam Mohammed Ali, described the role of monetary policy during the current situation a “sensitive role,” because of the size of the economic challenges facing the country.

Mohammed Ali told the National Iraqi News Agency that “the financial crisis, Iraq is passing through, needs a balanced and accurate monetary policy to keep the Iraqi market through the stability of the local currency and to address any possible.”

Millionday: NOTE — THIS IS ABOUT THE MONETARY POLICY AND ITS ACTIVATION
Millionday: NOTE — THE POLICY HAS TO STABILIZE THE LOCAL CURRENCY
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Read More: http://www.dinarupdates.com/showthread.php?27231-Millionday-News-12-22-15
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Delta (Dinar Guru) – …a lot of you that don’t know about this article…it was on the CBI website in Arabic…all the newspapers and all the media are talking about it…dated the 20th…this letter from the CBI to banks, money exchange companies and private banks...is the huge thing that confirms they are waiting on the calculation to be done…everything we believe to be done except that calculation… anything less than a 1 to 1 rate would simply cause confusion with the Iraqi citizens…just as Abadi said on the 10th…we are ready to activate things for the economy…they can’t activate the banking system in Iraq unless they are internationally recognized...the ki cards and so much that we’ve seen from them all need the international recognition…the calculation that they wait for now.  This is very good as an indication that something is about to happen, either late this month or by mid-January.
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tlm724 – Article quote:  “MP from the parliamentary Finance Committee Hama Ahmed said on Tuesday that the issue of loans is tax deferred revenue and undesirable paid by future generations and has financial implications are reflected on the country’s politics”   kinda like another buy out for Iraq, in the past these loans would be given and Iraq would never do anything to help themselves ie: grow the private industry etc… to make money…but this time is different, the IMF is in charge of the economy so that these loans won’t be needed down the road.  Quote:  “stressing that any party granted loans impose certain conditions on the biting States are due Altnivha and application to achieve loan.”  yep conditional loans! That’s what we want to see, force Iraq to do the right thing.
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Stryker (Dinar Guru) – One of the most important questions out there is, has there been a devaluation of the dinar or isn’t there?  The office of Prime Minister Abadi and Governor Ismail of the CBI both came out today describing it as a small rate adjustment and not a devaluation that was reported by the news media…
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BGG – Article quote:  “The Central Bank of Iraq, on Monday, reduced the value of the dinar against the US dollar.  According to a statement of the bank, that “lifting of US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”   [I am trying to understand how devaluing is a good thing? 1182 is going the wrong way?]   It gets them closer (or within) the required 2% IMF regulations… no one saw this coming – the way for them to comply was “give away” a few dinars per transaction… HUGE NEWS… That is Market rate / CBI rate spread… no one had any idea how they would ever be able to get this valuation to work right – turns out – EASY. Give away 16 dinars per transaction.  AND – stop and think… they HATE their exchange rate going the wrong direction. There has got to be a MASSIVE pot of gold at the end of the rainbow…
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Iraqi Dinar/Dollar auction (most recent listing) 12-22-15 

Currency Auctions Announcement No. 3100

This daily currency auction was held in the Central Bank of Iraq on the 12-22-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Enorrste (Dinar Guru) – Once the float begins the rate will rise.  Furthermore, it is clear that this is not a “panic” move on the part of the CBI.  In fact, Saleh stated that it is NOT a devaluation but is instead only an ADJUSTMENT.  I have no reason to doubt that statement.  It is consistent with the small size of the change and with the statement implied that they are buying time (6 months) to get in line with “international standards.”  Remember, it was the IMF that stated that Iraq would move into the “world market” at the beginning of the new year, or shortly thereafter.  In my view, the phrase “world market” and “International standards” are synonomous.  I hope I am correct.   [post 2 of 2]
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Enorrste (Dinar Guru) – Article quote:   “lifting the US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”   It seems to me that the CBI is moving in this direction primarily to stall the drop in their reserves, irrespective of any “international standards” that they reference.  In that sense, this is a good move for the short term.  The article also stated that it would give them “6 months” of time.  I don’t think that that means that they will run out of reserves in 6 months.  Instead, it is more likely that they are buying some time to implement the IMF agreement to move to a float.  I therefore conclude that we will see a movement to a new exchange rate regime within 6 months and that this “tweeking” of the rate is an assurance that their financial position will be secure through that time period.   [post 1 of 2….stay tuned]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Monday 12/21

Smart phone user link – Click here

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Millionday (Dinar Guru) – Article quote:  “The Central Bank of Iraq, on Monday, reduced the value of the dinar against the US dollar.  According to a statement of the bank, that “lifting of US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”   SO THE RATE HAS BEEN ADJUSTED AND THE INTERNATIONAL RATES ARE BEING CALCULATED FROM THIS VALUE ADJUSTMENT — THE CONVERSION IS THE GOAL AND THEY ARE CURRENTLY WORKING ON THEIR GOAL AND OURS… WHOOOPPOW.
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Kaperoni (Dinar Guru) – from CBI site – “Board Resolution No. (329) for the year 2015 (the exchange rate)”  So some are wondering why we saw that 1182 rate and Iraq didn’t pick up on it until today…well these CBI docs show us..that the board approved the rate change on 11/30..effective 12/1 (which it changed on the CBI site).  but the actual announcement didn’t come out until 12/18 (media).  They also tell us the CBI bank rate now at 1190 which means the 2% spread is 1214.  So the dinar Market Rate has to be 1214 or less than that.  And today it is 1220 which is out of compliance.  It is frustrating, but the rule is more for the CBI than the IMF.  They want the CBI to know how to manage the spread before the playing field becomes international.
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Millionday News Time Chat 12-21-15 PM Part 2 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

MArco: what comes first reforms or getting the money Karnac says……………………lol offer a thought even though it is just a thought …….. an opinion is OK LOL

Millionday: THE WORLD BANK HAS AGREED THEY WILL GET THE FUNDS BY THE END OF THIS YEAR AND IRAQ HAS AGREED TO ACTIVATE THE REFORMS — THEY ARE REPORTABLY IN THE MIDDLE OF ALL REFORMS BEING COMPLETE

Millionday: SMILE

Millionday: HERE IS A FORMAL CBI ORDER GIVEN TODAY THAT WAS SENT TO ME
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Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
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Mnt Goat (Dinar Guru) – Do they need a very significant increase in order to do this?  NO! All they need in-country is a value to the new dinar to be just over a dollar to create this incentive.  Is this the RV we have been waiting for?  NO! – this move to a 1:1 par with the US dollar is just an inflationary measure they will undertake. The full RV ($4.00+) we are waiting for will come later in about 7-14 days and will depend on how stable the economy is and how this whole process works out. It may take longer or it may be shorter.  I personally believe we may see the 1:1 value pop out as the lower denominations are circulated sometime before now and the end of the year. But I do not expect to be at the bank before sometime until mid to late January 2016.  [post 2 of 2]
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Mnt Goat (Dinar Guru) – We still await for the “official” word from the CBI to allow the distribution of the new lower denominations. We know this must first be accompanied with a significant increase in value and we are told it will be a 1:1 par value with the US dollar.  This is NOT the RV but an inflation adjustment and only an incentive to  “dedollarize” the economy and reverse the trend in demand from the US dollar to the Iraqi dinar thus increase the demand for the new lower denominations. This would thus allow Iraq to withdraw or “de-dollarize” their economy as they would suck up US dollars are replace them with the lower denominations. This would happen because the citizens would migrate towards the new dinar since it would be worth more than the dollar.  [post 1 of 2….stay tuned]
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Millionday News Time Chat 12-21-15 PM Part 1 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: HERE WE GO WITH A PROBLEM WITH THE EXCHANGE RATE

Experts are concerned expected that Sarsrv exposed dinar to the disorder against the dollar Aazin reason to the suffering of the banking sector of the charges, and regardless of the validity of the allegations or not, this actually poses a serious stand to assess the matter and hedge and undermine the real causes behind this expectation.
 
I have followed completely Basghae Proceedings of the Annual Banking Conference, which was held last week, where fired a citizen is a first Hoalkhasr from the effects of the attack, which goes on the banking sector as a whole this phrase and hesitated Awamufrdh for more than ten times, and the fact it has an eye catching what does not accept doubt that something will happen without doubt.

Millionday: NOTE — SOMETHING WILL HAPPEN WITH THE PROBLEMATIC EXCHANGE WITHOUT DOUBT AND THE BANKS AND COUNTRY ARE SUFFERING
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Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
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SteveI (Dinar Guru) – The news keeps getting better and better each day. Very soon you will get the best news yet!
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firefly (Dinar Guru) – CBI Announcement:  “The Ministry of Finance approved on 2015/12/16 conduct a public auction auction (Y16) for the sale of the treasury for their remittances (364) on 12.20.2015.”  “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) 12/20/2015 Board Resolution No. (329) for the year 2015 (the exchange rate)12/18/2015.”   [It is coming!]  oh yeah…make no mistake about it!   …funny, those announcements weren’t there yesterday when I checked.  Not surprised, many items going on behind the scenes that only appear after the fact.   [does that mean they are approving or have approved the exchange rate?]  According to the CBI, certainly makes one think so.
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www.DinarUpdates.com

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

Word for the day…

Luke 2:11 (NKJV)

11 For there is born to you this day in the city of David a Savior, who is Christ the Lord.

Heavenly Father, thank You for Jesus, our Lord and Savior! In Jesus Name, Amen.

Mrs. BGG

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CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 12.25.2015

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Merry Christmas everyone – BGG

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*** Current Posts ***

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SteveI (Dinar Guru) – The CBI had then published the announcement on the CBI website and what the CBI was telling them was no, it has not re-valued yet but they will publish the formal notice on the CBI website when it does and they will be notifying the rest of the world as well when it does.  …the CBI could have simply said, [no] is has not changed value nor will it ever change value, but just the opposite.  I love this news. We still do not know when, but my guess is not to far in the distant future.   [post 2 of 2]
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SteveI (Dinar Guru) – CBI quote:  “To / all licensed banks and licensed money transfer companies and all financial investment companies and broker the buying and selling of foreign currencies approved all companies (foreign exchange rate)  12/20/2015”   There has been a CBI pdf file floating around and we…got a few people to read and interpret it as to is true meaning and intent. This is not from a on translator, but real people over there in Iraq and here…  So here is what this really means. I think it is very positive and very telling. Many banks, money exchanges, brokers and financial institutions have been questioning the CBI because they heard or was hearing that the currency value (RI/RV) had taken place or they were asking the CBI when it will happen.   [post 1 of 2….stay tuned]
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Poppy3 – ALL BANKS THAT HAVE A TRADE LICENSE WILL TRADE THE DINAR AS IT BECOMES INTERNATIONALLY TRADEABLE. THERE WILL BE 3 RATES…CBI RATE, AMERICAN BANK RATE AND UST RATE. WHEN YOU TRADE YOURS IN AT THE BANK THEY WILL TRY AND CHARGE YOU A SPIFF OR ADMINISTRATION FEE? THAT PART WILL BE NEGOTIABLE. THE BANKS WILL TURN THE DINAR TO THE UST AND THE UST WILL PAY THE BANKS A % FOR THE EXCHANGE. THATS HOW THE BANKS WILL MAKE THERE $$$$$…I HAVE HEARD THAT UST RATE WILL BE BETWEEN 2 TO 10% MORE THAN THE BANK RATE MAKING THE BANKS HUGE PROFITS. THIS INFO FROM TWO REGIONAL BANK MGR. THEY SHOULD KNOW!
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Sadr referring to al-Maliki “Vice-President”: leave him dreaming as his plans were revealed

Shafaq News / The leader of Sadrist Movement, Moqtada al-Sadr said that the leader , Nuri al-Maliki sticking in the position as a Vice President of the Republic is a “wishful thinking”.

Data from Maliki’s office are still being issued to the media is attached as a Vice President of the Republic in spite that his position has been reduced by a decision of the Prime Minister , Haider al-Abadi and the Court confirmed the decision .

Moqtada al-Sadr replied in a question posted on his website, that the reason for holding the vice president position , “is wishful thinking. He’s dreaming.”

Al-Sadr told the people, ” his plans were revealed as well as his reckless policy.”

Read More: http://www.dinarupdates.com/showthread.php?27342-Sadr-referring-to-al-Maliki-quot-Vice-President-quot-leave-him-dreaming

BGG ~ We haven’t heard a peep out of Maliki for 2 weeks?? The first thing that pops up is this… and some rumor Maliki may be about to be arrested (or already is…) AND – Abadi is using Iraqi Regular Army Sunnis to liberate Ramadi and then Mosul.

IMHO – the political winds have shifted in Iraq.

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rcookie – THERE IS STRONG PRESUPPOSING THAT GIVEN THE ECONOMIC ENVIRONMENT WITHIN IRAQ RIGHT NOW…RAMPANT POVERTY & UNEMPLOYMENT…MANDATED SALARY ADJUSTMENTS ACROSS THE BOARD…DIRE HARD CURRENCY LIQUIDITY IN MARKET…THAT FURTHER IMPACT TO THEIR FRAGILE STANDING OF IMPLEMENTING OTHER TAXES WOULD HAVE TO BE PRECEDED WITH CHANGE IN VALUE TO IMPROVE THEIR PURCHASING POWER TO ADJUST AND ACCOMMODATE…THIS IS HOW THEY WILL REALIZE AND BENEFIT FROM THE CHANGE IN VALUE…IN COUNTRY…
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Poppy3 – […was there any proof that ZIM RV’ed.] THE ONE NOTE I READ WAS THE STATEMENT THEY WERE GOING TO USE ZIM $$$$ EXCLUSIVELY. THAT SOUNDS VERY FAMILIAR.  …got another REPORT ON ZIM.  IT HASNT RVED VALUE YET BUT IS EXPECTED AT ANYTIME. REPORT SAYS THE ONLY REASON IT HASNT IS THEY STILL PRINTING LD’S IN PREPARATION FOR THE NEW VALUE. EXPECTING .03 CENTS. HOPE THIS UPDATE HELPS. NOT FROM ANY USUAL SOURCE BUT THIS SOUNDS VERY REASONABLE ESPECIALLY WITH THEM REPORTING BEING PAID NOW IN ZIM ONLY.  TIME WILL TELL.
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Iraqi Dinar/Dollar auction (most recent listing) 12-24-15 

Currency Auctions Announcement No. 3102

This daily currency auction was held in the Central Bank of Iraq on the 12-24-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) – Personally, I am looking forward to this new year because I truly believe that Iraq will turn the financial corner…I am repeating exactly what the IMF told the world 4 weeks ago.
______________________________________________________________

Kaperoni (Dinar Guru) – “it will not unlike this increase is an increase in the sale price of the dollar in the currency auction,”  aahhh but it did… They can twist it anyway they like, but the Market Rate did change from about 1212 to 1220 so it adjusted, which means it devalued and the citizens lost 16 dinars to the $1 purchasing power.  It is clear, the hope was they could devalue the dinar, save a little money to cover the budget deficit and hope that the Market Rate would stay within the 2% IMF compliance (about 1214 or less).  But it seems to have failed with the dinar Market Rate now at 1220.
______________________________________________________________

Poppy3 – [POPPY U STILL FEEL WE ARE GONNA BLOW THIS POPCORN STAND BEFORE JAN 1?]  THEY GIVE A NEW RATE TO COMPLETE FINANCIAL REFORM AND WORLD BANK GIVE THEM 1.2 BILLION. SOUNDS TO ME LIKE JAN 1 OR BEFORE. 
______________________________________________________________

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 – IN WHAT ALTERED UNIVERSE COULD ANY REAL POSSIBILITY OF IRAQ DEMONSTRATING TO THE WORLD…A NON SECTARIAN…INCLUSIVE GOVERNMENT…EXCISION OF CORRUPTION…AND MOVE TO A MARKET ECONOMY…WITH ECONOMIC AND MONETARY REFORM HAVE HAPPENED IF NOT FOR ABADI.  ALMOST EVERY MINISTRY IN THE GOVERNMENT WAS OVERWHELMED AND RAMPANT WITH CORRUPTION… RESULTING IN THE UNMET COMPLETION OF SERVICES AND QUALITY OF LIFE FOR THE CITIZENS…WHICH IS NOW BEING DIFFUSED AND PREVENTED WITH THE UN AND IMF OVERSIGHT OF TRANSFER OF POWERS…AND ALL ECONOMIC AND MONETARY REFORM INITIATIVES…INCLUDING THE CBI…AND OVERSEEING THE 2016 BUDGET ALLOCATIONS AND DISBURSEMENTS ARE EXECUTED FLAWLESSLY…HAS NEVER HAPPENED BEFORE!
______________________________________________________________

Millionday – “Iraq and China signed today five agreements and memoranda of understanding on economic and technological cooperation The military, diplomatic, and oil and energy.”   NOTE — I WILL JUST SAY THIS — IMO — THIS IS HUGE AND VERY IMPORTANT AND SHOULD SHOW MANY HOW CLOSE THEY ARE TO GOING INTERNATIONAL DUE TO THE MANY AGREEMENTS. WHEN SANCTIONS WERE PUT IN PLACE THEY WERE NO LONGER ABLE TO GET ANYTHING FLOWN IN — WHEN THEY WERE LIFTED CHINA WAS THE FIRST COUNTRY TO BRING IN TECHNOLOGY — OBVIOUSLY THEY WANT TO BE PART OF THE MASSIVE TRADE AND DEVELOPMENT THAT WILL TAKE PLACE AS WITH MOST.  UNDERSTAND THAT THE MONETARY POLICY ONE STATED THAT IT HAS TO BE STRONG FOR THE FISCAL POLICY WHICH BEGINS JAN 1ST.  VERY EXCITING TIME FOR IRAQ AND MANY IN AGREEMENTS/CONTRACTS/ INVESTED WITHIN.
______________________________________________________________

Adam Montana (Dinar Guru) – If you’ve kept up with my latest updates, you know we’re moving in the right direction.
______________________________________________________________

Millionday News Time Chat 12-22-15 PM

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: WELCOME TO NEWSTIME EVERYONE – I HAVE A FEW THINGS TO SHOW YOU

Millionday: I LOVE THIS REPORT

Millionday: Iraq Economic affairs expert, Dhurgam Mohammed Ali, described the role of monetary policy during the current situation a “sensitive role,” because of the size of the economic challenges facing the country.

Mohammed Ali told the National Iraqi News Agency that “the financial crisis, Iraq is passing through, needs a balanced and accurate monetary policy to keep the Iraqi market through the stability of the local currency and to address any possible.”

Millionday: NOTE — THIS IS ABOUT THE MONETARY POLICY AND ITS ACTIVATION
Millionday: NOTE — THE POLICY HAS TO STABILIZE THE LOCAL CURRENCY
~~~

Read More: http://www.dinarupdates.com/showthread.php?27231-Millionday-News-12-22-15
______________________________________________________________

Delta (Dinar Guru) – …a lot of you that don’t know about this article…it was on the CBI website in Arabic…all the newspapers and all the media are talking about it…dated the 20th…this letter from the CBI to banks, money exchange companies and private banks...is the huge thing that confirms they are waiting on the calculation to be done…everything we believe to be done except that calculation… anything less than a 1 to 1 rate would simply cause confusion with the Iraqi citizens…just as Abadi said on the 10th…we are ready to activate things for the economy…they can’t activate the banking system in Iraq unless they are internationally recognized...the ki cards and so much that we’ve seen from them all need the international recognition…the calculation that they wait for now.  This is very good as an indication that something is about to happen, either late this month or by mid-January.
______________________________________________________________

tlm724 – Article quote:  “MP from the parliamentary Finance Committee Hama Ahmed said on Tuesday that the issue of loans is tax deferred revenue and undesirable paid by future generations and has financial implications are reflected on the country’s politics”   kinda like another buy out for Iraq, in the past these loans would be given and Iraq would never do anything to help themselves ie: grow the private industry etc… to make money…but this time is different, the IMF is in charge of the economy so that these loans won’t be needed down the road.  Quote:  “stressing that any party granted loans impose certain conditions on the biting States are due Altnivha and application to achieve loan.”  yep conditional loans! That’s what we want to see, force Iraq to do the right thing.
______________________________________________________________

Stryker (Dinar Guru) – One of the most important questions out there is, has there been a devaluation of the dinar or isn’t there?  The office of Prime Minister Abadi and Governor Ismail of the CBI both came out today describing it as a small rate adjustment and not a devaluation that was reported by the news media…
______________________________________________________________

BGG – Article quote:  “The Central Bank of Iraq, on Monday, reduced the value of the dinar against the US dollar.  According to a statement of the bank, that “lifting of US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”   [I am trying to understand how devaluing is a good thing? 1182 is going the wrong way?]   It gets them closer (or within) the required 2% IMF regulations… no one saw this coming – the way for them to comply was “give away” a few dinars per transaction… HUGE NEWS… That is Market rate / CBI rate spread… no one had any idea how they would ever be able to get this valuation to work right – turns out – EASY. Give away 16 dinars per transaction.  AND – stop and think… they HATE their exchange rate going the wrong direction. There has got to be a MASSIVE pot of gold at the end of the rainbow…
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 12-22-15 

Currency Auctions Announcement No. 3100

This daily currency auction was held in the Central Bank of Iraq on the 12-22-2015

The results were as follows:

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

Enorrste (Dinar Guru) – Once the float begins the rate will rise.  Furthermore, it is clear that this is not a “panic” move on the part of the CBI.  In fact, Saleh stated that it is NOT a devaluation but is instead only an ADJUSTMENT.  I have no reason to doubt that statement.  It is consistent with the small size of the change and with the statement implied that they are buying time (6 months) to get in line with “international standards.”  Remember, it was the IMF that stated that Iraq would move into the “world market” at the beginning of the new year, or shortly thereafter.  In my view, the phrase “world market” and “International standards” are synonomous.  I hope I am correct.   [post 2 of 2]
______________________________________________________________

Enorrste (Dinar Guru) – Article quote:   “lifting the US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”   It seems to me that the CBI is moving in this direction primarily to stall the drop in their reserves, irrespective of any “international standards” that they reference.  In that sense, this is a good move for the short term.  The article also stated that it would give them “6 months” of time.  I don’t think that that means that they will run out of reserves in 6 months.  Instead, it is more likely that they are buying some time to implement the IMF agreement to move to a float.  I therefore conclude that we will see a movement to a new exchange rate regime within 6 months and that this “tweeking” of the rate is an assurance that their financial position will be secure through that time period.   [post 1 of 2….stay tuned]
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Monday 12/21

Smart phone user link – Click here

______________________________________________________________

Millionday (Dinar Guru) – Article quote:  “The Central Bank of Iraq, on Monday, reduced the value of the dinar against the US dollar.  According to a statement of the bank, that “lifting of US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”   SO THE RATE HAS BEEN ADJUSTED AND THE INTERNATIONAL RATES ARE BEING CALCULATED FROM THIS VALUE ADJUSTMENT — THE CONVERSION IS THE GOAL AND THEY ARE CURRENTLY WORKING ON THEIR GOAL AND OURS… WHOOOPPOW.
______________________________________________________________

Kaperoni (Dinar Guru) – from CBI site – “Board Resolution No. (329) for the year 2015 (the exchange rate)”  So some are wondering why we saw that 1182 rate and Iraq didn’t pick up on it until today…well these CBI docs show us..that the board approved the rate change on 11/30..effective 12/1 (which it changed on the CBI site).  but the actual announcement didn’t come out until 12/18 (media).  They also tell us the CBI bank rate now at 1190 which means the 2% spread is 1214.  So the dinar Market Rate has to be 1214 or less than that.  And today it is 1220 which is out of compliance.  It is frustrating, but the rule is more for the CBI than the IMF.  They want the CBI to know how to manage the spread before the playing field becomes international.
______________________________________________________________

Millionday News Time Chat 12-21-15 PM Part 2 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

MArco: what comes first reforms or getting the money Karnac says……………………lol offer a thought even though it is just a thought …….. an opinion is OK LOL

Millionday: THE WORLD BANK HAS AGREED THEY WILL GET THE FUNDS BY THE END OF THIS YEAR AND IRAQ HAS AGREED TO ACTIVATE THE REFORMS — THEY ARE REPORTABLY IN THE MIDDLE OF ALL REFORMS BEING COMPLETE

Millionday: SMILE

Millionday: HERE IS A FORMAL CBI ORDER GIVEN TODAY THAT WAS SENT TO ME
~~~

Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
______________________________________________________________

Mnt Goat (Dinar Guru) – Do they need a very significant increase in order to do this?  NO! All they need in-country is a value to the new dinar to be just over a dollar to create this incentive.  Is this the RV we have been waiting for?  NO! – this move to a 1:1 par with the US dollar is just an inflationary measure they will undertake. The full RV ($4.00+) we are waiting for will come later in about 7-14 days and will depend on how stable the economy is and how this whole process works out. It may take longer or it may be shorter.  I personally believe we may see the 1:1 value pop out as the lower denominations are circulated sometime before now and the end of the year. But I do not expect to be at the bank before sometime until mid to late January 2016.  [post 2 of 2]
______________________________________________________________

Mnt Goat (Dinar Guru) – We still await for the “official” word from the CBI to allow the distribution of the new lower denominations. We know this must first be accompanied with a significant increase in value and we are told it will be a 1:1 par value with the US dollar.  This is NOT the RV but an inflation adjustment and only an incentive to  “dedollarize” the economy and reverse the trend in demand from the US dollar to the Iraqi dinar thus increase the demand for the new lower denominations. This would thus allow Iraq to withdraw or “de-dollarize” their economy as they would suck up US dollars are replace them with the lower denominations. This would happen because the citizens would migrate towards the new dinar since it would be worth more than the dollar.  [post 1 of 2….stay tuned]
______________________________________________________________

Millionday News Time Chat 12-21-15 PM Part 1 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: HERE WE GO WITH A PROBLEM WITH THE EXCHANGE RATE

Experts are concerned expected that Sarsrv exposed dinar to the disorder against the dollar Aazin reason to the suffering of the banking sector of the charges, and regardless of the validity of the allegations or not, this actually poses a serious stand to assess the matter and hedge and undermine the real causes behind this expectation.
 
I have followed completely Basghae Proceedings of the Annual Banking Conference, which was held last week, where fired a citizen is a first Hoalkhasr from the effects of the attack, which goes on the banking sector as a whole this phrase and hesitated Awamufrdh for more than ten times, and the fact it has an eye catching what does not accept doubt that something will happen without doubt.

Millionday: NOTE — SOMETHING WILL HAPPEN WITH THE PROBLEMATIC EXCHANGE WITHOUT DOUBT AND THE BANKS AND COUNTRY ARE SUFFERING
 ~~~

Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
______________________________________________________________

SteveI (Dinar Guru) – The news keeps getting better and better each day. Very soon you will get the best news yet!
______________________________________________________________

firefly (Dinar Guru) – CBI Announcement:  “The Ministry of Finance approved on 2015/12/16 conduct a public auction auction (Y16) for the sale of the treasury for their remittances (364) on 12.20.2015.”  “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) 12/20/2015 Board Resolution No. (329) for the year 2015 (the exchange rate)12/18/2015.”   [It is coming!]  oh yeah…make no mistake about it!   …funny, those announcements weren’t there yesterday when I checked.  Not surprised, many items going on behind the scenes that only appear after the fact.   [does that mean they are approving or have approved the exchange rate?]  According to the CBI, certainly makes one think so.
______________________________________________________________

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…

Luke 2:13-14 (NKJV)

13 And suddenly there was with the angel a multitude of the heavenly host praising God and saying:

14 “Glory to God in the highest,
And on earth peace, goodwill toward men!”

Heavenly Father, we give You all the Glory, Honor, and Praise! 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 – 12.22.2015

______________________________________________________________

Personally I’m always ready to learn, although I do not always like being taught. – Winston Churchill

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Frank26 (Dinar Guru) – We did not see the LD’s this week as we thought…we did not see them in the auctions…nor did we see the Taxes and Tariff’s as we thought but the T&T’s have been activated…they need a new rate then…remember…they were working on a calculation for a new rate…so we also saw that the budget was approved…all it needs is activation and this calculation they work on right now.  I guess we can say all systems are GO for a lot of activations for between December 31st and January 1st…IN MY OPINION.  We strongly believe…our TEAMS strongly believe we will see …the LD’s this week.  It is important that you understand the…pendulum swing in the auctions is a combination that we are told…the USD to IQD is the RI…IQD to IQD is the RV.  What they are doing is preparing themselves to be introduced into the international world...all our evidence for the past 3-6 months has pointed in this direction…there are no delays…it is all becoming so transparent…
______________________________________________________________

wmawhite (Dinar Guru) – first half of 2016 to do what?  …RV… no…RI…no, but what? enter the economy markets! and what would a country need to have in order to participate in a global market? Maybe a currency that is recognized/accepted worldwide.  [as to a time frame?]  Well, their budget is depended upon the taxes and tariffs and it refers to them a lot. Abadi has stated this past weekend it is time to kick all of this stuff off. I expect to see all of this go soon.
______________________________________________________________

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!!
______________________________________________________________

Stryker (Dinar Guru) – One of the most important questions out there is, has there been a devaluation of the dinar or isn’t there?  The office of Prime Minister Abadi and Governor Ismail of the CBI both came out today describing it as a small rate adjustment and not a devaluation that was reported by the news media…
______________________________________________________________

BGG – Article quote:  “The Central Bank of Iraq, on Monday, reduced the value of the dinar against the US dollar.  According to a statement of the bank, that “lifting of US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”   [I am trying to understand how devaluing is a good thing? 1182 is going the wrong way?]   It gets them closer (or within) the required 2% IMF regulations… no one saw this coming – the way for them to comply was “give away” a few dinars per transaction… HUGE NEWS… That is Market rate / CBI rate spread… no one had any idea how they would ever be able to get this valuation to work right – turns out – EASY. Give away 16 dinars per transaction.  AND – stop and think… they HATE their exchange rate going the wrong direction. There has got to be a MASSIVE pot of gold at the end of the rainbow…
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 12-22-15 

Currency Auctions Announcement No. 3100

This daily currency auction was held in the Central Bank of Iraq on the 12-22-2015

The results were as follows:

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

Enorrste (Dinar Guru) – Once the float begins the rate will rise.  Furthermore, it is clear that this is not a “panic” move on the part of the CBI.  In fact, Saleh stated that it is NOT a devaluation but is instead only an ADJUSTMENT.  I have no reason to doubt that statement.  It is consistent with the small size of the change and with the statement implied that they are buying time (6 months) to get in line with “international standards.”  Remember, it was the IMF that stated that Iraq would move into the “world market” at the beginning of the new year, or shortly thereafter.  In my view, the phrase “world market” and “International standards” are synonomous.  I hope I am correct.   [post 2 of 2]
______________________________________________________________

Enorrste (Dinar Guru) – Article quote:   “lifting the US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”   It seems to me that the CBI is moving in this direction primarily to stall the drop in their reserves, irrespective of any “international standards” that they reference.  In that sense, this is a good move for the short term.  The article also stated that it would give them “6 months” of time.  I don’t think that that means that they will run out of reserves in 6 months.  Instead, it is more likely that they are buying some time to implement the IMF agreement to move to a float.  I therefore conclude that we will see a movement to a new exchange rate regime within 6 months and that this “tweeking” of the rate is an assurance that their financial position will be secure through that time period.   [post 1 of 2….stay tuned]
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Monday 12/21

Smart phone user link – Click here

______________________________________________________________

Millionday (Dinar Guru) – Article quote:  “The Central Bank of Iraq, on Monday, reduced the value of the dinar against the US dollar.  According to a statement of the bank, that “lifting of US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”   SO THE RATE HAS BEEN ADJUSTED AND THE INTERNATIONAL RATES ARE BEING CALCULATED FROM THIS VALUE ADJUSTMENT — THE CONVERSION IS THE GOAL AND THEY ARE CURRENTLY WORKING ON THEIR GOAL AND OURS… WHOOOPPOW.
______________________________________________________________

Kaperoni (Dinar Guru) – from CBI site – “Board Resolution No. (329) for the year 2015 (the exchange rate)”  So some are wondering why we saw that 1182 rate and Iraq didn’t pick up on it until today…well these CBI docs show us..that the board approved the rate change on 11/30..effective 12/1 (which it changed on the CBI site).  but the actual announcement didn’t come out until 12/18 (media).  They also tell us the CBI bank rate now at 1190 which means the 2% spread is 1214.  So the dinar Market Rate has to be 1214 or less than that.  And today it is 1220 which is out of compliance.  It is frustrating, but the rule is more for the CBI than the IMF.  They want the CBI to know how to manage the spread before the playing field becomes international.
______________________________________________________________

Millionday News Time Chat 12-21-15 PM Part 2 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

MArco: what comes first reforms or getting the money Karnac says……………………lol offer a thought even though it is just a thought …….. an opinion is OK LOL

Millionday: THE WORLD BANK HAS AGREED THEY WILL GET THE FUNDS BY THE END OF THIS YEAR AND IRAQ HAS AGREED TO ACTIVATE THE REFORMS — THEY ARE REPORTABLY IN THE MIDDLE OF ALL REFORMS BEING COMPLETE

Millionday: SMILE

Millionday: HERE IS A FORMAL CBI ORDER GIVEN TODAY THAT WAS SENT TO ME
~~~

Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
______________________________________________________________

Mnt Goat (Dinar Guru) – Do they need a very significant increase in order to do this?  NO! All they need in-country is a value to the new dinar to be just over a dollar to create this incentive.  Is this the RV we have been waiting for?  NO! – this move to a 1:1 par with the US dollar is just an inflationary measure they will undertake. The full RV ($4.00+) we are waiting for will come later in about 7-14 days and will depend on how stable the economy is and how this whole process works out. It may take longer or it may be shorter.  I personally believe we may see the 1:1 value pop out as the lower denominations are circulated sometime before now and the end of the year. But I do not expect to be at the bank before sometime until mid to late January 2016.  [post 2 of 2]
______________________________________________________________

Mnt Goat (Dinar Guru) – We still await for the “official” word from the CBI to allow the distribution of the new lower denominations. We know this must first be accompanied with a significant increase in value and we are told it will be a 1:1 par value with the US dollar.  This is NOT the RV but an inflation adjustment and only an incentive to  “dedollarize” the economy and reverse the trend in demand from the US dollar to the Iraqi dinar thus increase the demand for the new lower denominations. This would thus allow Iraq to withdraw or “de-dollarize” their economy as they would suck up US dollars are replace them with the lower denominations. This would happen because the citizens would migrate towards the new dinar since it would be worth more than the dollar.  [post 1 of 2….stay tuned]
______________________________________________________________

Millionday News Time Chat 12-21-15 PM Part 1 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: HERE WE GO WITH A PROBLEM WITH THE EXCHANGE RATE

Experts are concerned expected that Sarsrv exposed dinar to the disorder against the dollar Aazin reason to the suffering of the banking sector of the charges, and regardless of the validity of the allegations or not, this actually poses a serious stand to assess the matter and hedge and undermine the real causes behind this expectation.
 
I have followed completely Basghae Proceedings of the Annual Banking Conference, which was held last week, where fired a citizen is a first Hoalkhasr from the effects of the attack, which goes on the banking sector as a whole this phrase and hesitated Awamufrdh for more than ten times, and the fact it has an eye catching what does not accept doubt that something will happen without doubt.

Millionday: NOTE — SOMETHING WILL HAPPEN WITH THE PROBLEMATIC EXCHANGE WITHOUT DOUBT AND THE BANKS AND COUNTRY ARE SUFFERING
 ~~~

Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
______________________________________________________________

SteveI (Dinar Guru) – The news keeps getting better and better each day. Very soon you will get the best news yet!
______________________________________________________________

firefly (Dinar Guru) – CBI Announcement:  “The Ministry of Finance approved on 2015/12/16 conduct a public auction auction (Y16) for the sale of the treasury for their remittances (364) on 12.20.2015.”  “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) 12/20/2015 Board Resolution No. (329) for the year 2015 (the exchange rate)12/18/2015.”   [It is coming!]  oh yeah…make no mistake about it!   …funny, those announcements weren’t there yesterday when I checked.  Not surprised, many items going on behind the scenes that only appear after the fact.   [does that mean they are approving or have approved the exchange rate?]  According to the CBI, certainly makes one think so.
______________________________________________________________

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…

Matthew 1:23 (NKJV)

23 “Behold, the virgin shall be with child, and bear a Son, and they shall call His name Immanuel,” which is translated, “God with us.”

Heavenly Father, Thank You for sending Your Son, Jesus! Thank You Jesus that You are Immanuel, “God with us”! In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 12.21.2015

http://www.cbi.iq/

______________________________________________________________

There is one source, O Athenians, of all your defeats. It is that your citizens have ceased to be soldiers. – Demosthenes

______________________________________________________________

*** Current Posts ***

______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Monday 12/21

Smart phone user link – Click here

______________________________________________________________

Mnt Goat (Dinar Guru) – Do they need a very significant increase in order to do this?  NO! All they need in-country is a value to the new dinar to be just over a dollar to create this incentive.  Is this the RV we have been waiting for?  NO! – this move to a 1:1 par with the US dollar is just an inflationary measure they will undertake. The full RV ($4.00+) we are waiting for will come later in about 7-14 days and will depend on how stable the economy is and how this whole process works out. It may take longer or it may be shorter.  I personally believe we may see the 1:1 value pop out as the lower denominations are circulated sometime before now and the end of the year. But I do not expect to be at the bank before sometime until mid to late January 2016.  [post 2 of 2]
______________________________________________________________

Mnt Goat (Dinar Guru) – We still await for the “official” word from the CBI to allow the distribution of the new lower denominations. We know this must first be accompanied with a significant increase in value and we are told it will be a 1:1 par value with the US dollar.  This is NOT the RV but an inflation adjustment and only an incentive to  “dedollarize” the economy and reverse the trend in demand from the US dollar to the Iraqi dinar thus increase the demand for the new lower denominations. This would thus allow Iraq to withdraw or “de-dollarize” their economy as they would suck up US dollars are replace them with the lower denominations. This would happen because the citizens would migrate towards the new dinar since it would be worth more than the dollar.  [post 1 of 2….stay tuned]
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

SteveI (Dinar Guru) – The news keeps getting better and better each day. Very soon you will get the best news yet!
______________________________________________________________

firefly (Dinar Guru) – CBI Announcement:  “The Ministry of Finance approved on 2015/12/16 conduct a public auction auction (Y16) for the sale of the treasury for their remittances (364) on 12.20.2015.”  “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) 12/20/2015 Board Resolution No. (329) for the year 2015 (the exchange rate)12/18/2015.”   [It is coming!]  oh yeah…make no mistake about it!   …funny, those announcements weren’t there yesterday when I checked.  Not surprised, many items going on behind the scenes that only appear after the fact.   [does that mean they are approving or have approved the exchange rate?]  According to the CBI, certainly makes one think so.
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Iraqi Dinar/Dollar auction (most recent listing) 12-21-15 

Currency Auctions Announcement No. 3099

This daily currency auction was held in the Central Bank of Iraq on the 12-21-2015

The results were as follows:

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

Tlar (Dinar Guru) – Iraq has made a great deal of progress in the last few months.  Are they prepared to go to 1 to 1 as early as next month?  On paper it is beginning to look like we are close, but this is still Iraq…  There have been a number of articles as well as the Economy Ministry calling for the CBI to raise the value now.  We know as of day before yesterday Abadi said in a speech that the time has come to start the new economy.  Iraq has been preparing for this change to a market economy attempting to attract investors for over a year.  It looks to me as they are getting ready to make great changes.  My best guess because it is Iraq, is April first.  But who knows.  It could happen earlier as many economists and folks in government are pushing for it now.  [post 3 of 3]
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Tlar (Dinar Guru) –  …parliament passed the 2016 budget.  That is a real first for Iraq.  Also an article appeared…that stated the ISX (Iraqi Stock Exchange) will be introduced to the London Stock Exchange on the 20th and 21st of January.  The article implied that they are reworking values so that when the ISX exchange is introduced, real values based on world values will be be shown.  Two days ago the CBI instructed all banks to stop selling the dollar and the CBI is targeting the end of this month to shut down the auctions. The government stated in November that they would institute tariffs and taxes in mid December. It has long been suspected that tariffs must be accompanied by a raise in the currency value…  An article came out in the last couple of days that implied that the lower denominations are now in place the banks. Iraq is compliant with international banking standards.  Most of their banks are ready to do internet banking and the technology installed is current.  Recently the IMF signed an accord with Iraq and is now going to be closely monitoring the Iraqi economy and banking system.  [post 2 of 3….stay tuned]
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Millionday News Time Chat 12-19-15 PM Part 2 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: NOTE — NEXT I AM GOING TO SHOW YOU THE CHANGES IN THE NEW MONETARY POLICY THEY ARE IN THE MIDDLE OF IMPLEMENTING DUE TO ABADI ACTIVATING THE ECONOMIC REFORM –
 
THE MONETARY POLICY IS PART OF THE ECONOMIC REFORMS AS IS THE BANKING AND ALL FINANCIAL REFORMS OBVIOUSLY
 
Millionday: HERE WE GO — HOLD YOUR HATS

Millionday: The above instruments are not adequate for the development of an efficient market oriented financial sector. In particular, they are not adequate or appropriate for developing an efficient and liquid market in government securities or for conducting a market based monetary policy.
~~~

Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
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Tlar (Dinar Guru) – Abadi (the new prime minister) has been fighting an uphill battle internally.  Maliki had stuffed the government with his corrupt relatives and cronies.   In addition to that battle Abadi has been trying to remove the tentacles that Iran was allowed to put in place under the leadership of the Maliki government.  Obviously this is not finished but many good things have started to come about…Maliki almost destroyed  Iraq and with it our investment.  So where are we today?  Abadi has done a masterful job of consolidating the people and parliament around him.  Recently Abadi implemented draconian reforms which in the long run are intended to fix Iraq.  The integrity Committee is proceeding collecting more repatriated funds than ever before from corrupt officials.  Finally we are seeing real change coming to Iraq. Most important are the laws that Parliament has recently passed. The anti money laundering law was absolutely necessary to our investment.  We now know Iraq was never going to be allowed to go international with the amount of corruption and theft that was going on.  [post 1 of 3….stay tuned]
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firefly (Dinar Guru) – Like I told you guys in November, forget November, DEC is going to be VERY exciting!   Iraq is NOT in charge as was pointed out by the IMF this week. Told you guys to expect the unexpected.  And IMO there will be NO FREE FLOAT.  Timing friends…Timing
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Kaperoni (Dinar Guru) – Article quote:  “Prime Minister Haider al-Abadi, Saturday, that the time has come to activate the economic, agricultural and tourism sectors, stressing that the government is determined to activate the role of private banks.”  It is clear that until they open the banking system (that includes monetary reform), there is no market economy.  There is a clear urgency here and all we can do is watch them.
______________________________________________________________

Millionday News Time Chat 12-19-15 PM Part 1 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: NOTE — WE HAVE SOME INTERESTING PUZZLE PIECES WITH CHINA TO LOOK AT TONIGHT

Millionday: The US Congress has taken a step closer to granting long-awaited approval to reforms of the International Monetary Fund that would give China and other emerging economies a greater voice in shaping the institution’s policies.

The text of a US omnibus spending bill, released Wednesday morning as part of a budget deal, includes approval for the Obama administration to finally vote for stalled 2010 quota reforms that have become a source of tension between the US and the IMF.

Millionday: NOTE — THE QUOTA REFORMS ARE FOR BUSINESS IN FRONT OF THE IMF AND THE % CHANGES THAT WERE RELEASED TO THE PUBLIC AS BEING ADDRESSED (AWAITING APPROVAL) –
~~~

Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
______________________________________________________________

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…

Matthew 1:23 (NKJV)

23 “Behold, the virgin shall be with child, and bear a Son, and they shall call His name Immanuel,” which is translated, “God with us.”

Heavenly Father, Thank You for sending Your Son, Jesus! Thank You Jesus that You are Immanuel, “God with us”! 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 – 12.20.2015

______________________________________________________________

If you are not prepared to use force to defend civilization, then be prepared to accept barbarism. – Thomas Sowell

______________________________________________________________

*** Current Posts ***

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Millionday – THEY HAVE ALOT OF THINGS DONE AND HAVE MADE IT VERY CLEAR THAT NOT JUST PLANS BUT THE ACTIONS THEY ARE TAKING ARE TO MOVE THEM TO A MARKET ECONOMY — WE HAVE NOT SEEN THAT BEFORE…
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EXOGEN (Dinar Guru) – THE NEXT MOST IMPORTANT ITEM TO LOOK FOR IS THE COUNTRY WIDE RELEASE OF THE LOWER DENOMINATIONS FROM THE BANKS TO THE CITIZENS OF THE COUNTRY OF IRAQ AND ELIMINATION OF THE USD AS A DUAL CURRENCY IN COUNTRY.  LOWER DENOMS = 100% GUARANTEED RATE ADJUSTMENT (RI/RV).
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firefly (Dinar Guru) – All I can say is …BE READY…because IT IS COMING!  [They were saying it was suppose to happen by Jan 1st 2016 is that still the WORD out there?]  Give or take.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Millionday – MANY MEETINGS HAVE BEEN OCCURRING LATELY DUE TO THE IMPLEMENTATION OF THE MONETARY POLICY …OBVIOUSLY CBI HAS BETTER CONTROL OF THE MONEY HOWEVER THEY HAVE ALSO SHOWN CHANGES IN THE BANKS POWER DUE TO THE RELEASED ROLES.   OBVIOUSLY ANY OPENING GLOBALLY WITH A MARKET ECONOMY AND THE ROLE WE SEE HERE OF ISX IS AT THE VERY LEAST WHOOOPOW EXCITING.
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Breitling (Dinar Guru) – … that’s it.  that’s the best I’ve got…I look at the numbers under a microscope a little bit more than everybody else.  There is no magic date, you just watch the process and it’s a big heavy process and it’s not small…Have you seen anything that says they’ve added to the note count?  no, nothing, there is not one shred of evidence that they are adding to the note count.  From the original statement of the General who actually put out the new currency you and I have, the new Iraqi dinar, made a statement, “at one time the Iraqi Dinar was $3.25.”  So that ends that debate…you have the guy who put the currency out for the new government of Iraq (at the time was the coalition government) saying their goal is to get to $3.25 (but at that time they were at a billion notes).  Nothing has changed. [Post 2 of 2]
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wmawhite (Dinar Guru) – …look closely at this latest activity, commercial laws, private sector, etc…IMO, this all points directly to what the IMF told the world 4 weeks ago: “……he stressed that Iraq will return to economic market during the first half of next year.”   …there is no need to ask when because the IMF has told us when the expect a change in the IQD.   Iraq IMO, will not wait until they enter the economy markets to do the things that need to be done either…in fact, Iraq/CBI/IMF are currently making those changes.  Iraq IMO, Iraq will not wait…   Could be 30 June 2016…or 1 January, or 1 February…the point is…the IMF has given the world what their expectations are…and IMO, we are seeing activity directly related to those expectations. …we have never had the IMF do what they are currently doing for Iraq.   [I don’t think that Iraq wants us all to know exactly when this is going to happen!]   Seriously…Iraq wants the world to know what is coming….they want the world to look forward to great changes with their country…how else will they get investors to come into Iraq.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 12-20-15 

Currency Auctions Announcement No. 3098

This daily currency auction was held in the Central Bank of Iraq on the 12-20-2015

The results were as follows:

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

Millionday – [They certainly cant activate the Tariffs without a rate can they? Could they use the 1182?]  THEY WILL BE USING THE TARIFF FOR THE INTERNATIONAL MARKET — IT IS THE TAXATION THEY BENEFIT FROM WHEN ESTABLISHING THE IMPORT/EXPORT MARKET.   THE CALCULATED RATES AND VALUE IS NEEDED TO GO TO THE GLOBAL MARKET PER ECONOMICS AND FAIR TRADE IMO.   [post 2 of 2]
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Millionday – “Stressed the economic and investment commission member of the parliamentary Almamori proof, on the necessity of activating the law of customs tariff…”   IT IS TIME TO ACTIVATE THE TARIFF AND CUSTOMS FOR IMPORTS WITH THE MARKET ECONOMY — THIS IS FOR PRODUCTS AS THEY MENTIONED — RELIANCE ENTIRELY ON OIL WILL NOT CONTINUE.  THEY ARE ALSO READY TO ACTIVATE CONSUMER PROTECTION AND ACHIEVE THEIR PLANNED RATE OF INVESTMENT.   THIS IS GREAT SO THE TARIFF IS BEING ACTIVATED AS WE EXPECTED…THEY CALLED FOR IT TO BE ACTIVATED TODAY…   [post 1 of 2….stay tuned]
______________________________________________________________

Breitling (Dinar Guru) – I get this email a lot and please don’t take this personally, “I’m going through hard times…do you have a date and rate?  Make me feel good.”  I don’t.  I do have a rate based on the numbers that we are looking at and that’s it.   The best date that we have was before 2010.  In that year they were supposed to get out of Chapter 7 and what were they supposed to do?  what we’ve been watching…they were to start reducing the note count and it was going to be a 1 to 2 year process.  Just like the 1 or 2 year process we are going through now except it was supposed to start in 2010. [Stay tuned for the rest of the story… Post 1 of 2]
______________________________________________________________

Millionday News Time Chat 12-19-15 PM Part 2 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: NOTE — NEXT I AM GOING TO SHOW YOU THE CHANGES IN THE NEW MONETARY POLICY THEY ARE IN THE MIDDLE OF IMPLEMENTING DUE TO ABADI ACTIVATING THE ECONOMIC REFORM –
 
THE MONETARY POLICY IS PART OF THE ECONOMIC REFORMS AS IS THE BANKING AND ALL FINANCIAL REFORMS OBVIOUSLY
 
Millionday: HERE WE GO — HOLD YOUR HATS

Millionday: The above instruments are not adequate for the development of an efficient market oriented financial sector. In particular, they are not adequate or appropriate for developing an efficient and liquid market in government securities or for conducting a market based monetary policy.
~~~

Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
______________________________________________________________

sczin11 (Dinar Guru) –  Article quote:  “The World Bank said it had agreed to give Iraq a loan of one billion and two hundred million dollars to help Baghdad in controlling public finances and improve the efficiency of the energy sector and offset the decline in oil prices and the escalating costs of security conditions.”   THE ABOVE RELEASE IS FROM REUTERS, AND HAS APPEARED SEVERAL TIMES THROUGH THEIR INTERNATIONAL AFFILIATES.  …MONTHS AGO, LAST AUGUST, WHEN ALL THE NEWS WAS THE 60 DAY CONDITION ON THIS LOAN, THAT BEING THE APPROVAL/IMPLEMENTATION OF THE ANTI MONEY LAUNDERING LAW, THE AML…THINK ABOUT IT…THE PROCESS OF GOING AFTER THE CORRUPT…MAYBE THE ELIMINATION OF THE AUCTIONS…OBVIOUSLY THE WORLD BANK IS CONVINCED IRAQ IS ON COURSE TO ABIDE.
______________________________________________________________

Poppy3 – [IF IT HAPPENS SOMETIME IN THE FIRST QUARTER, HOW IS THE IXS CONFERENCE GOING TO WORK WITH A WORTHLESS CURRENCY.]  JUST LIKE THE REPORTED BILLIONS IN LOANS THEY ARE BEING APPROVED FOR NOW BUT ARE BASED STRICTLY ON PROJECTED RATES AN VOLUMES OF INVESTMENTS ALL PROJECTED INCOME AND NO FUNDS DISBURSED TILL NEW RATE IS IMPLEMENTED.
no $$$$$$$$$$$$$ will be released till they meet all the reform REQUIREMENTS.  I ASSURE YOU THEY HAVENT APPROVED THEM FOR A LOAN WITHOUT THE ASSURANCE OF A NEW RATE AND WAY FOR IT TO BE PAID BACK. 
______________________________________________________________

rcookie – [Why would the WB give them a loan w/o a rate to pay them back?]   BECAUSE AS IMF HAS ANNOUNCED…THEY WILL BE OPEN FOR BUSINESS…AND THE IMF IS HOVERING ON THEIR SHOULDERS TO MAKE SURE EVERY I IS DOTTED AND T CROSSED... EVERYTHING EXECUTED COPACETICALLY.   THE WB & IMF LOANS ARE IN THE BUDGET ALONG WITH TREASURY BONDS ALL TOTALING $12 BILLION TO PLUG THE $22 BILLION DEFICIT.
______________________________________________________________

Millionday News Time Chat 12-19-15 PM Part 1 of 2

Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: NOTE — WE HAVE SOME INTERESTING PUZZLE PIECES WITH CHINA TO LOOK AT TONIGHT

Millionday: The US Congress has taken a step closer to granting long-awaited approval to reforms of the International Monetary Fund that would give China and other emerging economies a greater voice in shaping the institution’s policies.

The text of a US omnibus spending bill, released Wednesday morning as part of a budget deal, includes approval for the Obama administration to finally vote for stalled 2010 quota reforms that have become a source of tension between the US and the IMF.

Millionday: NOTE — THE QUOTA REFORMS ARE FOR BUSINESS IN FRONT OF THE IMF AND THE % CHANGES THAT WERE RELEASED TO THE PUBLIC AS BEING ADDRESSED (AWAITING APPROVAL) –
~~~

Read More: http://www.dinarupdates.com/showthread.php?26970-Millionday-News-12-19-15
______________________________________________________________

Kaperoni (Dinar Guru) – Article:  “International Monetary Fund signed an agreement with Iraq to monitor the economy”   I think it is rather humorous that for years we have told everyone what the IMF plan is for Iraq. We do so with solid factual information printed right off the IMF website. And so many thought we…didn’t know what we were talking about…   It is though rather inspiring now that the IMF not only is running the CBI monetary policy, they are also orchestrating the economic policy and transition to a market economy.  Which will obviously be in line with the Article IV Consultations.
______________________________________________________________

firefly (Dinar Guru) – I’m not looking at the ISX, that will come after the fact IMO My focus is the auctions and the tariffs and taxes being activated.  Nothing else matters…Nothing.
______________________________________________________________

rcookie – HUGE…UNDER RADAR 16 BUDGET ARTICLES INCLUDED INCLUSION OF PESHMERGA IN FEDERAL SYSTEM AND GIVEN PERCENTAGE OF GROUND FORCES COMMAND BUDGET…ALONG WITH NEWS OF VOTE TO ADOPT FORMER OIL AGREEMENT BETWEEN ERBIL & BAGHDAD…THE UNDER THE RADAR AGREEMENTS CONTAINED IN THE BUDGET ARE AWESOME!
______________________________________________________________

Poppy3 – I CAN’T BE SURE, BUT IT APPEARS AS IF THE CBI HAS PUBLISHED A LIST OF CURRENCY VENDORS/BANKS, TO WHICH THEY ARE ISSUING ORDERS TO STOP PROCESSING/SELLING/DEALING IN THE DOLLAR.  …THEY ARE DEFINITELY MOVING TO GET TO USING EXCLUSIVELY THEIR DINAR FOR ALL TRANSACTIONS.   WATCH FOR RATE AND LDS TO SHOW ANY DAY NOW.  TIME WILL TELL BUT I FEEL VERY CONFIDENT WE ARE GOING TO HAVE A VERY HAPPY NEW YEAR.   2016 MAY JUST ROCK YOUR WORLD.
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Mnt Goat (Dinar Guru) – Iraq is meeting their commitments to pass needed legislature and the beginning of the new year seems to be moving upon us as time seems to be moving faster and faster.  We have great expectations for the first part of the first quarter of 2016 as a new RV window and it is just around the corner. Hang in just a little longer all you dinar investors.This IQD currency reform is about to come to a conclusion, at least the part that we want….lol…
______________________________________________________________

Breitling (Dinar Guru) – If you’re going to watch the Iraqi Dinar and you want to do it correctly then you want to do it by the numbers and by policy and that’s the only way you should do it.  There’s these articles coming out about the 50k and 100k notes and every time the articles come out people think according to the CBI it’s a different scenario or it’s a different definition than we read three months ago…it’s the same thing!  Nothing has changed.  The Ministry of Finance, the Ministry of Planning and the CBI they don’t change the definition from one article to the next.  It is solid.  It is written into law.  What needs to be done.  How they are going to do it.  What currencies are going to be released or reduced.  And the CBI manages that process.  Every article that comes out about the 50K notes and the 100K notes doesn’t change anything or the definitions…
______________________________________________________________

rcookie – IRAQ HAS ENTERED INTO AGREEMENT WITH IMF FOR COMPLETE AUDITING MONITORING OVERSIGHT OF THE CBI…ECONOMIC AND MONETARY REFORM AND POLICIES… INCLUDING OVERSEEING THE 2016 BUDGET EXPENDITURE ALLOCATIONS AND DISBURSEMENT…THAT IMF MONITORING PANEL IS RUN BY MASOOD AHMED…DIRECTOR OF IMF MIDDLE EAST OFFICE OVERSEEING THE MANAGEMENT OF IRAQS ECONOMY…DEDUCTIBLE EXPENSES… ACTIONS… AND POLICIES AFFECTING IRAQS ECONOMIC AND MONETARY REFORMS. IMF IS IN CONTROL…DRIVING THE BUS…IMPACTING POLICY AND ACTIONS.
______________________________________________________________

Millionday – “the international encase Monetary announced he put the finishing touches on a deal to monitor, evaluate and manage the Iraqi economy.”  THIS IS THE ANNOUNCEMENT OF THE FINAL TOUCHES OF THE IMF MONITORING PROGRAM FOR IRAQ`S ECONOMY.  THE IMF WILL BE MONITORING THE USE OF THE APPROVED BUDGET AND ITS APPLICATION AND SUCCESS.  THEY WILL MEET WITHIN THE NEXT COUPLE DAYS AND SIGN THE DOCUMENT FOR ITS APPLICATION.  THE US WAS ALSO MEETING WITH THEM…TO NEGOTIATE THE FUNDING OF THE WAR ON ISIS.   SO WE WOULD EXPECT THAT IRAQ IS RETURNING TO ECONOMIC GREATNESS IN THE MARKET AS EXPECTED.  THIS IS ALL HUGE NEWS.
______________________________________________________________

Poppy3 – AWESOME NEWS IS STILL RINGING IN MY EARS. SEEMS IT WAS ALL CERTIFIED AS FACTUAL. NOW AS IT IS PUBLISHED FOR THREE DAYS BEGINNING SATURDAY WE WATCH THEIR ACTIONS TO KNOW OUR FATE FROM HERE FORWARD.  I EXPECT TO SEE FAST ACTIONS MOVING FORWARD AND TO STILL WAIT TILL JAN 1 DATE FOR ALL TO BE IMPLEMENTED. THE GREAT NEWS IS FROM ALL MY NOTES EVERYTHING WE HAVE EVER BEEN TOLD WAS A POSSIBLE HOLD UP HAS BEEN COMPLETED AS LONG AS THEY TAKE THE ACTIONS TO IMPLEMENT. 
______________________________________________________________

wmawhite (Dinar Guru) – …remember back in March when the CBI stated that the deletion of the zeros would be preceded by administration and procedural processes.  Well…in conjunction with the MoU between the CBI and the IMF, you are seeing just that.  And what did the IMF state that their expectations are of Iraq?  Answer: that iraq will enter the economy market during the first half of 2016.  IMO, that is where Iraq is headed.   [...the way they are going I would say the very first part o 2016.]  Very possible.
______________________________________________________________

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…

Matthew 1:23 (NKJV)

23 “Behold, the virgin shall be with child, and bear a Son, and they shall call His name Immanuel,” which is translated, “God with us.”

Heavenly Father, Thank You for sending Your Son, Jesus! Thank You Jesus that You are Immanuel, “God with us”! In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 12.19.2015 (no change as of 12/17)

______________________________________________________________

It is time to restore the American precept that each individual is accountable for his actions. – Ronald Reagan

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Millionday – [They certainly cant activate the Tariffs without a rate can they? Could they use the 1182?]  THEY WILL BE USING THE TARIFF FOR THE INTERNATIONAL MARKET — IT IS THE TAXATION THEY BENEFIT FROM WHEN ESTABLISHING THE IMPORT/EXPORT MARKET.   THE CALCULATED RATES AND VALUE IS NEEDED TO GO TO THE GLOBAL MARKET PER ECONOMICS AND FAIR TRADE IMO.   [post 2 of 2]
______________________________________________________________

Millionday – “Stressed the economic and investment commission member of the parliamentary Almamori proof, on the necessity of activating the law of customs tariff…”   IT IS TIME TO ACTIVATE THE TARIFF AND CUSTOMS FOR IMPORTS WITH THE MARKET ECONOMY — THIS IS FOR PRODUCTS AS THEY MENTIONED — RELIANCE ENTIRELY ON OIL WILL NOT CONTINUE.  THEY ARE ALSO READY TO ACTIVATE CONSUMER PROTECTION AND ACHIEVE THEIR PLANNED RATE OF INVESTMENT.   THIS IS GREAT SO THE TARIFF IS BEING ACTIVATED AS WE EXPECTED…THEY CALLED FOR IT TO BE ACTIVATED TODAY…   [post 1 of 2….stay tuned]
______________________________________________________________

Breitling (Dinar Guru) – I get this email a lot and please don’t take this personally, “I’m going through hard times…do you have a date and rate?  Make me feel good.”  I don’t.  I do have a rate based on the numbers that we are looking at and that’s it.   The best date that we have was before 2010.  In that year they were supposed to get out of Chapter 7 and what were they supposed to do?  what we’ve been watching…they were to start reducing the note count and it was going to be a 1 to 2 year process.  Just like the 1 or 2 year process we are going through now except it was supposed to start in 2010. [Stay tuned for the rest of the story… Post 1 of 2]
______________________________________________________________

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!!
______________________________________________________________

sczin11 (Dinar Guru) –  Article quote:  “The World Bank said it had agreed to give Iraq a loan of one billion and two hundred million dollars to help Baghdad in controlling public finances and improve the efficiency of the energy sector and offset the decline in oil prices and the escalating costs of security conditions.”   THE ABOVE RELEASE IS FROM REUTERS, AND HAS APPEARED SEVERAL TIMES THROUGH THEIR INTERNATIONAL AFFILIATES.  …MONTHS AGO, LAST AUGUST, WHEN ALL THE NEWS WAS THE 60 DAY CONDITION ON THIS LOAN, THAT BEING THE APPROVAL/IMPLEMENTATION OF THE ANTI MONEY LAUNDERING LAW, THE AML…THINK ABOUT IT…THE PROCESS OF GOING AFTER THE CORRUPT…MAYBE THE ELIMINATION OF THE AUCTIONS…OBVIOUSLY THE WORLD BANK IS CONVINCED IRAQ IS ON COURSE TO ABIDE.
______________________________________________________________

Poppy3 – [IF IT HAPPENS SOMETIME IN THE FIRST QUARTER, HOW IS THE IXS CONFERENCE GOING TO WORK WITH A WORTHLESS CURRENCY.]  JUST LIKE THE REPORTED BILLIONS IN LOANS THEY ARE BEING APPROVED FOR NOW BUT ARE BASED STRICTLY ON PROJECTED RATES AN VOLUMES OF INVESTMENTS ALL PROJECTED INCOME AND NO FUNDS DISBURSED TILL NEW RATE IS IMPLEMENTED.
no $$$$$$$$$$$$$ will be released till they meet all the reform REQUIREMENTS.  I ASSURE YOU THEY HAVENT APPROVED THEM FOR A LOAN WITHOUT THE ASSURANCE OF A NEW RATE AND WAY FOR IT TO BE PAID BACK. 
______________________________________________________________

rcookie – [Why would the WB give them a loan w/o a rate to pay them back?]   BECAUSE AS IMF HAS ANNOUNCED…THEY WILL BE OPEN FOR BUSINESS…AND THE IMF IS HOVERING ON THEIR SHOULDERS TO MAKE SURE EVERY I IS DOTTED AND T CROSSED... EVERYTHING EXECUTED COPACETICALLY.   THE WB & IMF LOANS ARE IN THE BUDGET ALONG WITH TREASURY BONDS ALL TOTALING $12 BILLION TO PLUG THE $22 BILLION DEFICIT.
______________________________________________________________

Kaperoni (Dinar Guru) – Article:  “International Monetary Fund signed an agreement with Iraq to monitor the economy”   I think it is rather humorous that for years we have told everyone what the IMF plan is for Iraq. We do so with solid factual information printed right off the IMF website. And so many thought we…didn’t know what we were talking about…   It is though rather inspiring now that the IMF not only is running the CBI monetary policy, they are also orchestrating the economic policy and transition to a market economy.  Which will obviously be in line with the Article IV Consultations.
______________________________________________________________

firefly (Dinar Guru) – I’m not looking at the ISX, that will come after the fact IMO My focus is the auctions and the tariffs and taxes being activated.  Nothing else matters…Nothing.
______________________________________________________________

rcookie – HUGE…UNDER RADAR 16 BUDGET ARTICLES INCLUDED INCLUSION OF PESHMERGA IN FEDERAL SYSTEM AND GIVEN PERCENTAGE OF GROUND FORCES COMMAND BUDGET…ALONG WITH NEWS OF VOTE TO ADOPT FORMER OIL AGREEMENT BETWEEN ERBIL & BAGHDAD…THE UNDER THE RADAR AGREEMENTS CONTAINED IN THE BUDGET ARE AWESOME!
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Poppy3 – I CAN’T BE SURE, BUT IT APPEARS AS IF THE CBI HAS PUBLISHED A LIST OF CURRENCY VENDORS/BANKS, TO WHICH THEY ARE ISSUING ORDERS TO STOP PROCESSING/SELLING/DEALING IN THE DOLLAR.  …THEY ARE DEFINITELY MOVING TO GET TO USING EXCLUSIVELY THEIR DINAR FOR ALL TRANSACTIONS.   WATCH FOR RATE AND LDS TO SHOW ANY DAY NOW.  TIME WILL TELL BUT I FEEL VERY CONFIDENT WE ARE GOING TO HAVE A VERY HAPPY NEW YEAR.   2016 MAY JUST ROCK YOUR WORLD.
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Mnt Goat (Dinar Guru) – Iraq is meeting their commitments to pass needed legislature and the beginning of the new year seems to be moving upon us as time seems to be moving faster and faster.  We have great expectations for the first part of the first quarter of 2016 as a new RV window and it is just around the corner. Hang in just a little longer all you dinar investors.This IQD currency reform is about to come to a conclusion, at least the part that we want….lol…
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Breitling (Dinar Guru) – If you’re going to watch the Iraqi Dinar and you want to do it correctly then you want to do it by the numbers and by policy and that’s the only way you should do it.  There’s these articles coming out about the 50k and 100k notes and every time the articles come out people think according to the CBI it’s a different scenario or it’s a different definition than we read three months ago…it’s the same thing!  Nothing has changed.  The Ministry of Finance, the Ministry of Planning and the CBI they don’t change the definition from one article to the next.  It is solid.  It is written into law.  What needs to be done.  How they are going to do it.  What currencies are going to be released or reduced.  And the CBI manages that process.  Every article that comes out about the 50K notes and the 100K notes doesn’t change anything or the definitions…
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rcookie – IRAQ HAS ENTERED INTO AGREEMENT WITH IMF FOR COMPLETE AUDITING MONITORING OVERSIGHT OF THE CBI…ECONOMIC AND MONETARY REFORM AND POLICIES… INCLUDING OVERSEEING THE 2016 BUDGET EXPENDITURE ALLOCATIONS AND DISBURSEMENT…THAT IMF MONITORING PANEL IS RUN BY MASOOD AHMED…DIRECTOR OF IMF MIDDLE EAST OFFICE OVERSEEING THE MANAGEMENT OF IRAQS ECONOMY…DEDUCTIBLE EXPENSES… ACTIONS… AND POLICIES AFFECTING IRAQS ECONOMIC AND MONETARY REFORMS. IMF IS IN CONTROL…DRIVING THE BUS…IMPACTING POLICY AND ACTIONS.
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Millionday – “the international encase Monetary announced he put the finishing touches on a deal to monitor, evaluate and manage the Iraqi economy.”  THIS IS THE ANNOUNCEMENT OF THE FINAL TOUCHES OF THE IMF MONITORING PROGRAM FOR IRAQ`S ECONOMY.  THE IMF WILL BE MONITORING THE USE OF THE APPROVED BUDGET AND ITS APPLICATION AND SUCCESS.  THEY WILL MEET WITHIN THE NEXT COUPLE DAYS AND SIGN THE DOCUMENT FOR ITS APPLICATION.  THE US WAS ALSO MEETING WITH THEM…TO NEGOTIATE THE FUNDING OF THE WAR ON ISIS.   SO WE WOULD EXPECT THAT IRAQ IS RETURNING TO ECONOMIC GREATNESS IN THE MARKET AS EXPECTED.  THIS IS ALL HUGE NEWS.
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Poppy3 – AWESOME NEWS IS STILL RINGING IN MY EARS. SEEMS IT WAS ALL CERTIFIED AS FACTUAL. NOW AS IT IS PUBLISHED FOR THREE DAYS BEGINNING SATURDAY WE WATCH THEIR ACTIONS TO KNOW OUR FATE FROM HERE FORWARD.  I EXPECT TO SEE FAST ACTIONS MOVING FORWARD AND TO STILL WAIT TILL JAN 1 DATE FOR ALL TO BE IMPLEMENTED. THE GREAT NEWS IS FROM ALL MY NOTES EVERYTHING WE HAVE EVER BEEN TOLD WAS A POSSIBLE HOLD UP HAS BEEN COMPLETED AS LONG AS THEY TAKE THE ACTIONS TO IMPLEMENT. 
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wmawhite (Dinar Guru) – …remember back in March when the CBI stated that the deletion of the zeros would be preceded by administration and procedural processes.  Well…in conjunction with the MoU between the CBI and the IMF, you are seeing just that.  And what did the IMF state that their expectations are of Iraq?  Answer: that iraq will enter the economy market during the first half of 2016.  IMO, that is where Iraq is headed.   [...the way they are going I would say the very first part o 2016.]  Very possible.
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Iraqi Dinar/Dollar auction (most recent listing) 12-17-15 

Currency Auctions Announcement No. 3097

This daily currency auction was held in the Central Bank of Iraq on the 12-17-2015

The results were as follows:

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