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

Word for the day…

Psalm 121:7 (NKJV)

7 The Lord shall preserve you from all evil;
He shall preserve your soul.

Heavenly Father, Thank You for Your Love, Grace, Mercy, and forgiveness! Thank You for preserving us! In Jesus Name, Amen.

Mrs BGG

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Iraqi Dinar/Dollar auction (most recent listing) 11-24-15 

Currency Auctions Announcement No. 3080

This daily currency auction was held in the Central Bank of Iraq on the 11-24-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Gratitude is not only the greatest of virtues, but the parent of all the others. – Marcus Tullius Cicero

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*** Current Posts ***

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SteveI (Dinar Guru) – Article quote:  “…the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars…”   Look who is promoting the new currency and valuation now, yes Iraq themselves.  Pack your bags and get ready.  This is so “IN our faces”.  The IMF has told the world that they expect Iraq to re-enter the “market” before the first half of 2016.  Now we have a member of the Parliamentary Finance Committee while speaking about future revenue happen to say “oh, by the way the 1, 5, 10, 20 and 100 IQD notes are going to be distributed during 2016.”  It certainly appears to me that they (Iraq, CBI, GOI) intend to change the value of the IQD…I believe, unlike previous years, and I have never liked dates, but in this case the window of opportunity starts January 1, 2016.  This info is just huge. …the time has come and start preparing for our lives to change.
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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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Mnt Goat (Dinar Guru) – …the 50k notes are a TOOL. First they will be used them to draw in the 10k and 25k notes thus reducing the money supply.  When you reduce the money supply↓?, the rate goes up↑. By doing this it will allow them to drive up the rate to .90 – $1.14 as I said it will come out for IN COUNTRY OF IRAQ ONLY. When they come out with the .90 – $1.14 rate the citizens will gladly exchange the 50k (a three zero note) for the lower denominations if they are worth more. Get it? Then going forward these 50k notes will be stored by the banks and use solely for interbanking and international trading transactions – now out of the hands of the citizens.
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Millionday (Dinar Guru) – THEY HAVE LARGE DENOMINATIONS NOW BUT THEY DO NOT HAVE THE SECURITY THAT THE NEW BILLS HAVE — THIS WILL PREVENT COUNTERFEITING AND COMPLETE THE DINAR STRUCTURE.  THEY WILL ALSO HAVE A 100,000 DINAR NOTE AS THEY BACK IN VALUE THE CURRENCY SERIES THEY HAVE NEW WITH KURDISH PRINT AND THIS IS ALSO PART OF THE REMOVAL OF THE THREE ZERO CURRENCY PROCESS.  [part 2 of 2]
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Millionday (Dinar Guru) – Article quote:  “…the class »50« thousand dinars normal procedure intended to restructure the national currency...”   THE 50,000 NOTE IS TO BACK UP THE RELEASE OF THE RESTRUCTURED NATIONAL CURRENCY.  THIS IS NOT ABNORMAL IN MANY COUNTRIES AS THEY USE THEM TO BACK THEIR CURRENCY VALUE AND THEY WONT BE IN CIRCULATION.   IN THE PAST IRAQ DID NOT HAVE HARD BACKED CURRENCY — THE NEW CURRENCY WILL BE BACKED UP BY US STOCKS — CASH OR GOLD.  WHEN A COUNTRY`S CURRENCY IS HARD BACKED AND PART OF THAT IS CASH RESERVES — IT IS CHEAPER TO PRINT LARGE DENOMS IN THE SERIES INSTEAD OF PAYING TO HAVE LARGE AMOUNTS OF LOW DENOMINATION BILLS.  [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 11-24-15 

Currency Auctions Announcement No. 3080

This daily currency auction was held in the Central Bank of Iraq on the 11-24-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Aggiedad77 (Dinar Guru) – Allak is floundering…he knows his number is up…his bell has been rung.   Dr. Shabibi has the master plan and a masterful plan it is…far more complex than anything Allak could devise…the 50k’s…brilliant work Dr. Shabibi…sure some said oh dear me…this will cause inflation to skyrocket…this will cause the Iraqi currency to LOP…but who were those talking about this garbage…they definitely did not know of Dr. Shabibi’s plans to prosper Iraq to bring security and stability to the Iraqi currency…His plan is brilliant…those 50k sponges are working well…but in the opposite direction of those naysayers…sucking 000’s at all levels…his limelight grows brighter by the day.
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wmawhite (Dinar Guru) – …”lift the zeros”, “removal of the zeros” is in reference to the large notes that the Iraqi have grown up with. These statements have nothing…”ZERO” to do with the eventual value that the IQD will have…Instead, it is a use of words to convene to the Iraqi citizen that the large notes will eventual go no longer needed in the market place.
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mike (Dinar Guru) – Article:  “Chapter VII threatens Iraq again”   I don’t know…how much has really changed since Abadi took over?  Thousands are still wrongfully imprisoned, there’s no unity among the three major sects, ISIL is still firmly entrenched in the west, nothing’s been done with corruption, the auction’s are still corrupted and more.  Abadi and the GOI have passed the AML, largely because they would have been locked out of the western banks if they didn’t comply and they passed the Investment Law, that’s about it. I know Abadi was supposed to be the savior of Iraq, but so far, it’s been a bust.  …it would make sense to put these guys back under Chapter VII.  It’s clear that Abadi can’t or won’t go after those who are delaying progress and are corrupt, maybe he needs foreign intervention, again, to set things right.
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Millionday (Dinar Guru) – [are my bills (25 K with the horse head , gold strip, etc…), new bills? I feel that sometimes they are going to disappear like the 50 did?]   THEY ARE LIKE THE ONES THAT THE IRAQIS HAVE NOW AND THE PEOPLE IN THE WORLD ARE HOLDING — WHEN THEY RELEASE A NEW SERIES AS IN ALL COUNTRIES THEY SET REGULATIONS FOR THE RETURN OF THE OLD TO GET THE NEW OR WHATEVER CURRENCY YOU WILL NEED IN THE MARKET.  CURRENCY JUST DOESN’T BECOME NULL AND VOID OVER NIGHT — THEY GIVE AN AMOUNT OF TIME THAT THEY WILL BE EXCHANGING THEM —  IT IS A SIGNED NOTE BY THEIR OFFICIALS STATING THAT THEY ARE LEGAL TENDER = OFFICIAL DOCUMENT.
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Poppy3 (Dinar Guru) – THE TARRIFS WILL NOT EVEN BRING IN ENOUGH MONEY AT THE PRESENT RATE TO PAY THE OVERHEAD COST OF HIRING THE 3000 PLUS PEOPLE AROUND THEIR COUNTRY TO COLLECT IT. IT IS SURE NO WINDFALL IT IS A EXPENSE UNTIL THE NEW HIGHER RATE IS ANNOUNCED AND IMPLEMENTED. 
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Mnt Goat (Dinar Guru) – The IMF has themselves told us very specifically what to expect when the IQD revalues. They begin at a base pre-war rate of $3.22 the add on %’s based on assets of country since Saddam and go from there adding in value since the war.  …the Iraqi rate as to when they exchange at 90 cents – $1.14…has nothing to do with your exchange rate.
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DinarUpdates.com News Time Chat 11-23-15 PM Part 1 of 3

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: The joy of pumice Refer experts lack the cash economy in a market trading day to the weakness of individuals the confidence of the sector of the Iraqi banking, the impact of fiscal policy in the liquidity available in the market size through realized spending in the framework of the implementation of the general budget annually, calling for work to restore confidence in the sector It is important. and caused the lack of financial revenue earned from the oil sector due to a global decline in prices, pressing the government spending, which led to monitor most of the revenues and operating budget for the provision of wages and salaries in return investment projects that promised one of the challenges that have affected the lack of cash in circulation monetary stopped.

Millionday: NOTE — THEY ARE TALKING ABOUT THE NEED TO BRING CONFIDENCE BACK TO THE BANKING INDUSTRY

Millionday: NOTE — THE PROBLEM IS THE LACK OF THE CASH ON THE STREETS AND THE STALL IN PROJECTS ETC FROM THE BUDGET NOT BEING ACTIVATED

Millionday: The operational budget is estimated at next year’s budget in 2016 by more than 83 trillion dinars, or about 80 percent of the support of the general budget revenues. In this regard, said economic expert on behalf of Antoine: The «exacerbate the issue of lack of liquidity in the local market at present, has formed a burden on the citizens, as led to the failure of some banks to pay some depositors benefits they have to pay some companies salaries ».

Millionday: NOTE — OBVIOUSLY WORRY IMPACTS THE MARKET AND ALL FINANCIAL CONFIDENCE
~~~

Read More: http://www.dinarupdates.com/showthread.php?25426-Millionday-newstime-11-23-15&p=137976#post137976
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Okie_Oil_Man (Dinar Guru) – [via Joshua & Lealoha]   [Is there anything else that has to go through the Gazette before we see the RV?]    It’s my understanding the three postings necessary to bring this to fruition have all been made.  SUMMARY: OKIE SAYS HE HAS BEEN QUIET BECAUSE HE WAS TOLD THIS WOULD NOT HAPPEN UNTIL THE LATER PART OF THE YEAR – HE IS COMFORTABLE TO SPEAK NOW – WE ARE ON THE CUSP…believes RV imminent!

BGG – COMPLETE B.S.

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DinarUpdates.com News Time Chat 11-23-15 PM Part 2 of 3

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: He pointed out that this measure is part of a project to restructure the currency, pointing out that it is long overdue fact that the need has become urgent for the issuance of the biggest and high Akiem categories such as 100 and 200 thousand dinars, similar to neighboring countries and the world and put them circulation has been suspended as a result of rising incomes Mayshl banks and people work to end either.

Millionday: NOTE — THIS IS NOT ABNORMAL IN MANY COUNTRIES AS THEY USE THEM TO BACK THEIR CURRENCY VALUE AND THEY WONT BE IN CIRCULATION

Millionday: In a question »Sabah» whether there are stocks of the dollar offset the new currency Ulkipaia explained that the lack of possibility of currency issuance in the countries responsible unless offset by stocks of the dollar, gold or cash reserve pointing out that at the time of the former regime was printed banknotes without that there will be a stock of hard currency from the fact that the country was trapped and has no contact with other countries.

Millionday: NOTE — IN THE PAST IRAQ DID NOT HAVE HARD BACKED CURRENCY — THE NEW CURRENCY WILL BE BACKED UP BY US STOCKS — CASH OR GOLD

Millionday: The academic pointed d. Falah Thuwaini that the aim of the new edition is to reduce the quantitative content (numerical), saying not all modern edition is a new cash issue increases the amount of money supply, explaining that if it were printed will alone billion dinars from the category of 6000 dinars, or 10 000 dinars, or even 25 000 dinars possible that this billion itself is to be 50 000 class or 100 000 dinars, adding the possibility that there is a Ward acceptable to lead such a move to inflationary expectations in the case of a new version for multiple purposes to Aadamh up or cover concern appropriately.
~~~

Read More: http://www.dinarupdates.com/showthread.php?25426-Millionday-newstime-11-23-15&p=137976#post137976
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Millionday (Dinar Guru) – THE ACTUAL FULL OF POWER GOVERNOR OF CBI HAS ORDERED ALL MONETARY POLICIES — REFORMS CHANGES — DOCUMENTS — PLANS THEY HAVE WORKED ON FOR THE NEW IRAQ AND PROCEDURES TO ALL BE ACTIVATED.   THIS IS WHAT WE HAVE BEEN WAITING FOR.  THEY ARE MOVING FORWARD AND FORMAL ORDER HAS ACTUALLY BEEN GIVEN BY CBI GOVERNOR.  THIS IS VERY EXCITING — WHOOOPOW.
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DinarUpdates.com News Time Chat 11-23-15 PM Part 3 of 3

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: Prime Minister Haider al-Abadi, Sunday, with the head of the United Nations Mission in Iraq, Jan Kubis security and political situation in Iraq and the recent reforms launched by al-Abadi. Ebadi said Office in a statement, said that ‘the Prime Minister received in his office today President of the United Nations Mission in Iraq, Jan Kubis’, noting that’

Millionday: NOTE == PRESIDENT OF THE UN MEETING —

Millionday: During the meeting, they discussed security and political situation of the country and the situation of displaced persons and the return of families to the liberated areas and reconstruction and providing services to them, in addition to the importance of the international community to support Iraq in its war against terrorism ‘.He added that the two sides ‘discussed the recent statement of the Security Council to stand with Iraq in its war against terrorism and supporting the reforms that led Abadi’.

Millionday: SO IMO THEY ARE IN GREAT NEED OF THE BUDGET IN ORDER TO DELIVER THE BENEFITS AND THE REFORMS THEY ARE DISCUSSING — KEEP IN MIND THAT ALL IRAQI CITIZENS ARE NOT IN IRAQ THAT ARE RETIREES , WIDOWS, MILITARY, STUDENTS , AND THE LIST GOES ON

jwjd: MD can you go back to the Congress piece? I didn’t understand what that was meaning. Can you put it into more simpler terms?

Millionday: THERE WAS A REPORT OUT THAT STATED OUR CONGRESS WAS HOLDING A MEETING TO DISCUSS REMOVING OUR EMBASSY FROM IRAQ AND DIVIDING IRAQ — THE REPORT WAS COMPLETELY FALSE AND ONLY OUT THERE TO CAUSE PROBLEMS IT APPEARS
~~~

Read More: http://www.dinarupdates.com/showthread.php?25426-Millionday-newstime-11-23-15&p=137976#post137976
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

Psalm 91:4 (NKJV)

4 He shall cover you with His feathers,
And under His wings you shall take refuge;
His truth shall be your shield and buckler.

Heavenly Father, thank You for Your Truth! Thank You that You are our Shield and Buckler! Thank You for covering us with Your feathers and that we have refuge under Your wings 🙂 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 – 11.23.2015 

http://www.cbi.iq/

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As long as we may think as we will, and speak as we think, the condition of man will proceed in improvement. – Thomas Jefferson

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*** Current Posts ***

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DinarUpdates.com News Time Chat 11-23-15 PM Part 1 of 3

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: The joy of pumice Refer experts lack the cash economy in a market trading day to the weakness of individuals the confidence of the sector of the Iraqi banking, the impact of fiscal policy in the liquidity available in the market size through realized spending in the framework of the implementation of the general budget annually, calling for work to restore confidence in the sector It is important. and caused the lack of financial revenue earned from the oil sector due to a global decline in prices, pressing the government spending, which led to monitor most of the revenues and operating budget for the provision of wages and salaries in return investment projects that promised one of the challenges that have affected the lack of cash in circulation monetary stopped.

Millionday: NOTE — THEY ARE TALKING ABOUT THE NEED TO BRING CONFIDENCE BACK TO THE BANKING INDUSTRY

Millionday: NOTE — THE PROBLEM IS THE LACK OF THE CASH ON THE STREETS AND THE STALL IN PROJECTS ETC FROM THE BUDGET NOT BEING ACTIVATED

Millionday: The operational budget is estimated at next year’s budget in 2016 by more than 83 trillion dinars, or about 80 percent of the support of the general budget revenues. In this regard, said economic expert on behalf of Antoine: The «exacerbate the issue of lack of liquidity in the local market at present, has formed a burden on the citizens, as led to the failure of some banks to pay some depositors benefits they have to pay some companies salaries ».

Millionday: NOTE — OBVIOUSLY WORRY IMPACTS THE MARKET AND ALL FINANCIAL CONFIDENCE
~~~

Read More: http://www.dinarupdates.com/showthread.php?25426-Millionday-newstime-11-23-15&p=137976#post137976
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Kaperoni – Article:  “Central Bank: foreign currency reserves within international standards“  By all reports the CBI has 32-39 trillion dinar in circulation. This is nothing really new. The article is simply stating they have enough CBI reserves to cover this 1.7 times or about $65 billion dollars. Where exactly that dinar is, is hard to tell…since banks clearly stated they don’t have liquidity, it could be in the CBI stacked up, or it could be in mattresses.
______________________________________________________________

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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tlm724 (Dinar Guru) – Article quote:  “The Central Bank rejects a parliamentary proposal to pay part of the salaries of staff in dollars”  “Keywords and added, “We as a central bank refused this thing for two reasons, the first being a threat to the country’s sovereignty because the currency is the dinar, the national currency,” adding, “The second reason is that the process leads to a significant reduction reserve“.  Sure am glad he knows that, we don’t want them to pay in dollars, we want the dollar outta there.
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Mnt Goat – The rate can not and will not stay for long and is only an incentive to turn in the 3 zero notes in exchange for the NEW lower denoms. At this time they will announce a CUT-OFF date also and the 3 zero notes will no longer be legal tender in the Middle East.  I SAID IN THE MIDDLE EAST…not the rest of the world. They also want to convert over to the lower denominations (the new Iraq permanent currency) prior to the full blown RV as much as possible.  As I have said many times over and over to watch for the project to “delete the zeros” and other signs and our RV is close at hand. Now we are witnessing the most significant sign of all these signs as it is the final stage of the implementation of the process for their plan.   [post 2 of 2]
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DinarUpdates.com News Time Chat 11-23-15 PM Part 2 of 3

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: He pointed out that this measure is part of a project to restructure the currency, pointing out that it is long overdue fact that the need has become urgent for the issuance of the biggest and high Akiem categories such as 100 and 200 thousand dinars, similar to neighboring countries and the world and put them circulation has been suspended as a result of rising incomes Mayshl banks and people work to end either.

Millionday: NOTE — THIS IS NOT ABNORMAL IN MANY COUNTRIES AS THEY USE THEM TO BACK THEIR CURRENCY VALUE AND THEY WONT BE IN CIRCULATION

Millionday: In a question »Sabah» whether there are stocks of the dollar offset the new currency Ulkipaia explained that the lack of possibility of currency issuance in the countries responsible unless offset by stocks of the dollar, gold or cash reserve pointing out that at the time of the former regime was printed banknotes without that there will be a stock of hard currency from the fact that the country was trapped and has no contact with other countries.

Millionday: NOTE — IN THE PAST IRAQ DID NOT HAVE HARD BACKED CURRENCY — THE NEW CURRENCY WILL BE BACKED UP BY US STOCKS — CASH OR GOLD

Millionday: The academic pointed d. Falah Thuwaini that the aim of the new edition is to reduce the quantitative content (numerical), saying not all modern edition is a new cash issue increases the amount of money supply, explaining that if it were printed will alone billion dinars from the category of 6000 dinars, or 10 000 dinars, or even 25 000 dinars possible that this billion itself is to be 50 000 class or 100 000 dinars, adding the possibility that there is a Ward acceptable to lead such a move to inflationary expectations in the case of a new version for multiple purposes to Aadamh up or cover concern appropriately.
~~~

Read More: http://www.dinarupdates.com/showthread.php?25426-Millionday-newstime-11-23-15&p=137976#post137976
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Mnt Goat – …they will have to launch the LOWER DENOMINATIONS very soon along with a significant increase in the rate of their currency. Why? Because they need to collect these 3 zero notes and they need to do it now thus must give the citizens an incentive to do so. The incentive is to make them worth more than the US dollar. The plan is to increase the value to 90 cents – $1.14.  You will probably not see this rate at the exchanges as it will happen suddenly and IS NOT THE RV.  THIS NEW RATE IS NOT THE RV nor is it a FLOAT. It is simply the CBI determining to raise the value of the dinar and is an in-country rate increase. It is a temporary measure as the full RV will follow 4-7 days later.   [post 1 of 2….stay tuned]
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firefly – We are NOT waiting for laws. They were amending old laws, NOT creating new ones.  IMO they won’t even tell us when they are/were activated.  Much of what I am reading on international sites hints that many are already activated.  […and art 140 is rearing its head again?]  I’m not concerned about article 140.  Yes, it is HUGE in Iraq and will help them immensely but what does it have to do with a international monetary reform?  [the way i get it is we wont see an rv till between jan and june of 2016, but i could be wrong?]  According to the UN, US and Iraq reform agreement, there is an end date!  IMO, it’s all about timing now.
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Kaperoni – Article:  “Central working on the application of parallel policy to keep prices and curb inflation”   Iraq needs money, they are going to be forced one way or another to activate the tariffs, market economy, and follow the IMF.
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Iraqi Dinar/Dollar auction (most recent listing) 11-23-15 

Currency Auctions Announcement No. 3079

This daily currency auction was held in the Central Bank of Iraq on the 11-23-2015

The results were as follows:

More: http://dinarupdates.com/observer/
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Millionday – THE NEW ECONOMIC REFORM IS IN THE 2015 AND THE 2016 BUDGET…ALL REFORM IS TO MAKE THEIR PRIVATE SECTOR MORE PRODUCTIVE AND SUCCESSFUL IN THE >>>GLOBAL MARKET <<<.   ALL OF THE MOVES THIS INGENIOUS PLAN HAS PRODUCED IS TO TRANSITION TO THE GLOBAL MARKET AND ENTER THE GLOBE AS A DEMOCRATIC EXAMPLE FOR THE REGION THEY WILL BE DOING MUCH OF THEIR BUSINESS IN — HUGE.   ONE OF THE TOOLS THAT HAS TO BE PUT IN PLACE IS THE INTERNATIONAL EQUATION WHICH IS REALITY AND FAIR TRADE ACCORDING TO ACTUAL WORTH IMO.   UNDERSTAND HE IS TALKING ABOUT WHAT WE HAVE BEEN WAITING TO SEE —IRAQ GOING GLOBAL TO A FREE MARKET ECONOMY — GLOBALIZATION.  [post 2 of 2]
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Millionday – Article quote:  “Managed (State – components) of the framework of its new economic characterization as a system (Riei- liberal) alternative economic system (state – the nation), a system (rent-Central) based on the severe state capitalism Central…”   THIS…IS THE ANNOUNCEMENT FROM SALEH ABOUT THE MOVE FORWARD TO A MARKET ECONOMY.  SALEH IS ANNOUNCING THE NEW ECONOMIC SYSTEM — RENT-CENTRAL — CAPITALISM.   THE LAWS ARE THERE…THEY NEED TO ALL BE ACTIVATED ALL AT ONCE.  [post 1 of 2….stay tuned]
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wmawhite – I am thankful that the CBI and IMF are…using sound judgement and fiscal policies to bring the Iraq Dinar back into the global markets.  Also, when the IMF tells the world that Iraq will be re-entering the global market before the first half a 2016…I am excited.
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DinarUpdates.com News Time Chat 11-23-15 PM Part 3 of 3

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: Prime Minister Haider al-Abadi, Sunday, with the head of the United Nations Mission in Iraq, Jan Kubis security and political situation in Iraq and the recent reforms launched by al-Abadi. Ebadi said Office in a statement, said that ‘the Prime Minister received in his office today President of the United Nations Mission in Iraq, Jan Kubis’, noting that’

Millionday: NOTE == PRESIDENT OF THE UN MEETING —

Millionday: During the meeting, they discussed security and political situation of the country and the situation of displaced persons and the return of families to the liberated areas and reconstruction and providing services to them, in addition to the importance of the international community to support Iraq in its war against terrorism ‘.He added that the two sides ‘discussed the recent statement of the Security Council to stand with Iraq in its war against terrorism and supporting the reforms that led Abadi’.

Millionday: SO IMO THEY ARE IN GREAT NEED OF THE BUDGET IN ORDER TO DELIVER THE BENEFITS AND THE REFORMS THEY ARE DISCUSSING — KEEP IN MIND THAT ALL IRAQI CITIZENS ARE NOT IN IRAQ THAT ARE RETIREES , WIDOWS, MILITARY, STUDENTS , AND THE LIST GOES ON

jwjd: MD can you go back to the Congress piece? I didn’t understand what that was meaning. Can you put it into more simpler terms?

Millionday: THERE WAS A REPORT OUT THAT STATED OUR CONGRESS WAS HOLDING A MEETING TO DISCUSS REMOVING OUR EMBASSY FROM IRAQ AND DIVIDING IRAQ — THE REPORT WAS COMPLETELY FALSE AND ONLY OUT THERE TO CAUSE PROBLEMS IT APPEARS
~~~

Read More: http://www.dinarupdates.com/showthread.php?25426-Millionday-newstime-11-23-15&p=137976#post137976
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tlm724 – Article quote:   “the governor of the bank on the Keywords in the (3 March 2015) that the project to delete the zeros existing project has been put into practice and that gave light Green to start with, “he said.” The project needs a period of time may extend to two years or more.”  Now I know you all remember this from March 3rd…the CBI gave the greenlight on the project. Needless to say we are seeing huge strides in the currency reform. We have since the IMF meeting and the IMF said if you want us to loan you money you will listen to us and do things the right way! Thank you IMF.
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

Psalm 91:4 (NKJV)

4 He shall cover you with His feathers,
And under His wings you shall take refuge;
His truth shall be your shield and buckler.

Heavenly Father, thank You for Your Truth! Thank You that You are our Shield and Buckler! Thank You for covering us with Your feathers and that we have refuge under Your wings 🙂 In Jesus Name, Amen.

Mrs BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 11.22.2015 

http://www.cbi.iq/

______________________________________________________________

The most important six inches on the battlefield is between your ears. – James Mattis

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*** Current Posts ***

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Aggiedad77 – Article:  “Abadi wishes application of customs tariff soon after the previous governments’ failure to implement”   watch for early December implementation…by the middle of the month…taxes and tariffs…PM Abadi though is wanting it done correctly this time, no more delays…the Holy Man wants this done…we want this done…its a part of our step forward into the new international world.
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Kaperoni (Dinar Guru) – Article: “Central bank: we oppose calls for reducing the rate of exchange for reforms”  Good to hear again there is no plan to reduce the value of the dinar despite those who want to (Turki). 
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tman23 – The decision of the Court on Najafi’s 2 lawsuits which involve the VP position is the BIGGEST of BIGGEST for Abadi and the GOI as a whole.  This decision is set for release the 24th…Tuesday.  If they decline Najafi’s suit…the rest (Maliki and Alawi’s are moot.  If the court rules in favor of the VP suit. Well it won’t be good for Abadi reforms and anything else coming down the pike.  Tuesday is a BIG day!
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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Poppy3 – …THE WORLD BANK IS STRESSING THE MOVES ARE VERY URGENT.  I HAVE READ SEVERAL TIMES THE BILLIONS IN LOANS FROM THE IMF AND WORLD BANK ALONG WITH CHINA…NONE OF THESE WILL RELEASE THE FUNDS UNLESS THEY HAVE A INTERNATIONALLY TRADABLE CURRENCY.  THIS MAKES PURE COMMON SENSE. (EXAMPLE ) JUST LIKE YOU AND I GETTING APPROVED FOR A LOAN IS ONE THING BUT THE FUNDS ARE NOT RELEASED TILL THE COLATERAL IS IN PLACE.  EXPECTING NEW RATE BETWEEN NOW AND DEC. 15TH. 
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mike (Dinar Guru) – If the sovereignty of the dinar is so important, why haven’t they added value to it?  Of course the dollar isn’t a benefit to the country, it’s a crutch to limp along with until you fix your own currency.  I can’t even remember how many times the GOI has said they need something (think “security and stability” ) to add value to the currency, it’s been one long list of excuses for years now, they’re going to mess around and delay this too long and the reserves will be severely depleted which may give them a legitimate excuse to put a hold on the change.   …there’s only so much the IMF can do.  For me, the only motivation Iraq has to comply with the IMF is to receive the handout at the end, the IMF has made it clear they won’t help unless Iraq helps themselves.
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Iraqi Dinar/Dollar auction (most recent listing) 11-22-15 

Currency Auctions Announcement No. 3078

This daily currency auction was held in the Central Bank of Iraq on the 11-22-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – …it would make little sense to issue any lower denomination until the dinar appreciates to a point in which they are useful.  And I do expect that they will move from the peg to the float before 2017 (probably by mid 2016).  Here is the direct quotes from the CBI as far as timeline for the notes…”the Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017,” or “likely work on the project early in 2017.”   …two articles also say that only a 50, 100, and 200 would be introduced at that point.  One can make an educated guess as to a rate then based on those denominations the dinar would only be worth about 5 cents or so (any more would require even smaller denominations, any less no need to issue).  The reference in this article to me is only a general statement as to the value of notes that eventually will be out, not that specifically that they would all be issued at that time.  In fact, we know that is not true based on the two CBI articles posted.  That being said, who knows how fast the dinar will rise once they get off the peg. 
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wmawhite (Dinar Guru) – Keep this straight…the international value changes first…3 to 6 months later the price of goods inside Iraq begin to decrease…then the LDs start to be put on to the streets for use.  But we are gone/exchanged at the beginning…because we are concerned with the international exchange rate.  The plans for LDs just tells us that Iraq will have a much greater value to the IQD.  …we tend to get caught up in the currency…when that is german to Iraq…all we are looking for is the IQD re-enter the markets.  [post 3 of 3]
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DinarUpdates.com News Time Chat 11-21-15 PM Part 3 of 3

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 COMES THE LIST OF WHAT THEY CAN DO TO CHANGE THIS TO A BETTER SYSTEM OF CONTROL AND BANK TOOL EFFECT

Millionday: First, contrary to the guidelines of the International Monetary Fund approved and committed to by the Member States (including Iraq)

Second: the restriction intersects with the Central Bank Law, which stipulates in Article 28 thereof on (buying or selling simple unconditional “cash or deferred” of foreign exchange).

Third: the creation of a large deviation between the official rate and the market price of obscene and achieve gains for speculators, brokers, and lead to a general rise in prices and harm the purchasing power of the Iraqi dinar.

Millionday: NOTE — LOOK AT NUMBER 3
~~~

Read More: http://www.dinarupdates.com/showthread.php?25205-Millionday-newstime-11-21-15
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wmawhite (Dinar Guru) – Here is something that came out today:   “He pointed out that (the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars).”  What does this tell me?  This tells us that members of the Finance Committee know that the CBI plans on issuing a 1 IQD coin/note. Why?  But 1 IQD only has a value of $0.00086.  So why plan on putting something of such low value on the street? Why?  Because, as the IMF has told us…Iraq will re-enter the global market by…When?  Prior to the first half of 2016.   [post 2 of 3….stay tuned]
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wmawhite (Dinar Guru) – [IYO when those lower denoms hit the street, would a new rate already be established, or would that come a bit later? Or would it possibly come before they release the lower denoms?]  Excellent question…Let me ask you…if a 1 IQD coin has a value of $0.00086…why would it be put on the street today?  It wouldn’t…Same with the other new notes/coins.   The Iraqis will not see them until well after the value of the IQD increases dramatically.  IMO…I will be on the beach in St. Thomas by the time the LDs are fully in use.  [post 1 of 3….stay tuned]
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DinarUpdates.com News Time Chat 11-21-15 PM Part 2 of 3

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: MUSIC TO OUR EARS >>>>> Second , although the economic model of the new Almarquintala (Commercial) reflects the strong state capitalism represented, but he has the strength of the partnership between the state and the market or create a cooperative state, especially in a country like Iraq where the state dominates the country’s natural resources major,

currents new Almarquintalah, unlike doctrine Liberal consumer, confirms priority productive side in the economic process. Sound economy in their view, it requires the presence of a production structure intact based on high operating structure of the labor force and wages Kavih.

valtjarh according to doctrine Almarquintala is not Imports ready flow of globalized markets, but that the production of partnership flows into the globalized markets, the national product of Iraq, as it flows into the local market produce it
~~~

Read More: http://www.dinarupdates.com/showthread.php?25205-Millionday-newstime-11-21-15
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rcookie  – [it is impossible to hv an rv and issuing 50k notes…does not make sense at all…why will they issue 50k and delete the zero the same year?]  DO YOU ACTUALLY BELIEVE THE IMMEDIATE AND COMPLETE COMPLIANCE TO ALL IMF…UN…AND WB MANDATES SUCH AS AML LAWS…BUDGET DEFICIT REDUCTION MEASURES THROUGH AUSTERITY REVISION…SALARY LADDER IMPLEMENTATION…ELECTRIC AND FUEL SUBSIDY REVISION…INVESTMENT LAWS PASSED…DISPLACED PEOPLES BUDGET REVISED…IMF & UN MANAGEMENT OVERSIGHT & MONITORING PANEL TO CBI IMPLEMENTED…FEDERAL JUDICIAL REFORM WAS ALL COMPLETED IN THE TIMETABLE THEY HAVE ACTED ON TO LET IT ALL SIT AND STEW FOR 2 YEARS…
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Aggiedad77 (Dinar Guru) – Look to the calendar for the day and smile…indeed.  The LD’s are home for the Holidays…Tucked in their respective drawers.  All snug as a bug in a rug.  Dreams of sugar plums dance through their heads.  Oh what a few short weeks…the difference can make.  Stay calm…stay grounded…be at peace…For the BEST is yet to come.
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DinarUpdates.com News Time Chat 11-21-15 PM Part 1 of 3

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 — THIS IS VERY INTERESTING — IT IS THE ANNOUNCEMENT FROM SALEH ABOUT THE MOVE FORWARD TO A MARKET ECONOMY —

Millionday: READ EVERY WORD AND VERY CAREFULLY

Millionday: Managed (State – components) of the framework of its new economic characterization as a system (Riei- liberal) alternative economic system (state – the nation), a system (rent-Central) based on the severe state capitalism Central, which remained determines the directions of economic policy,

and installation constants and variables of financial, monetary and trading and operational trends all power consuming serving Liberal consumption in the mechanics fragile of the parties to the global market without the ability to generate production and diversification of the national economy and in accordance with the structural following:
~~~

Read More: http://www.dinarupdates.com/showthread.php?25205-Millionday-newstime-11-21-15
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firefly (Dinar Guru) –  Trust me, this plan does NOT include a LOP.  The IQD is the ONLY currency in the past 10 yrs that has NOT lost any value.  I do not see that changing any time soon…IMO…
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wmawhite (Dinar Guru) – …Iraq/CBI will not LOP…What does every thing coming from the CBI, GOI and Parliament speak about… INCREASING the value of the IQD…a LOP is a dramatic DECREASE in value.
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Millionday (Dinar Guru) – WE ARE WAITING FOR THE POINT THAT THE RELEASE OF PRICING IS NEEDED AND ACCORDING TO REPORTS…IT SEEMS TO BE CLOSE.
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Kaperoni (Dinar Guru) – Article quote:  “...(the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars).”   This article also confirms the specifics of the plan, the introduction of the 50k, possible 100k which will consolidate the physical note count prior to beginning of the deletion of zeros project…which will raise the value (and bring out the smaller denominations). I continue to stick with the timeline the CBI announced last summer (50,100, 200 by the beginning of 2017).  I also believe the float has to start within the next 6 months in order to meet that CBI timeline.   The next 6 -12 months will be very exciting times as we watch this progress.  [post 2 of 2]
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Kaperoni (Dinar Guru) – Article: “Financial Parliament (time): next year the economic situation will not be different from the current”   Though this is not the timeframe we want to hear, it does confirm exactly what we have stated. The rise in value is directly related to the market economy which means we need the laws, agreements, insurance, investors, etc. As investment comes into Iraq, it will create inflationary pressure that will raise the value of the dinar. This is basic and fundamental monetary policy that is confirmed in the IMF Article IV Consultation from 2013 where they want the dinar to appreciate based on the Balassa-Samuelson effect.  [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…

Ephesians 4:32 (NKJV)

32 And be kind to one another, tenderhearted, forgiving one another, even as God in Christ forgave you.

Heavenly Father, Thank You for Your forgiveness! We ask you to help us to continue to be kind, tenderhearted and forgiving as You have forgiven us. Thank You Holy Spirit for Your help and power! 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 – 11.21.2015 

http://www.cbi.iq/

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The right to be heard does not automatically include the right to be taken seriously. – Hubert Humphrey

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*** Current Posts ***

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Poppy3 – […do you think the dong will also revalue as some say?]    I HAVE A FRIEND WHOS BROTHER LIVES THERE AND HIS REPORTS HAVE BEEN ACCURATE.  HE SAYS IT WILL HAPPEN TOGETHER FROM STATEMENTS FROM HIS BANKER.
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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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Millionday – Article quote:  “…the State heading now towards investment in the private sector and encourage industries and trade, and open market GDP to maintain our industries and support...”   THIS IMPLIES THAT THEY WILL BE USING THE PRODUCTS THAT APPLY TARIFF/CUSTOMS/ CONSUMER PROTECTION ETC — AND IT SAYS NOW.  WITH THE EXTENSION OF PARLIAMENT AND THIS BEING THE REDENOMINATION PERIOD AS STATED BY SPEECH FROM CBI AND WITH THE ANNOUNCEMENT OF THE RELEASE OF LOWER DENOMS — THE INVESTMENT LAW DONE — THE TARIFF AND THE BUDGET FOR NEXT YEAR READY FOR VOTE YESTERDAY…THIS IS VERY EXCITING TO SAY THE LEAST…A HUGE WHOOOPOW.
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Poppy3 – FROM PREVIOUS SOURCES A COUPLE YEARS AGO…GLOBAL ECONOMY…TAKES APPROXIMATELY 5 MONTHS AT BEST AND THAT REQUIRES A RATE BEFORE THE 5 MONTHS PERIOD IS TO START…MEANING IF THE BACK DOOR DEADLINE SET BY THE IMF/WB IS JUNE 15, 2016 THEY GOT TO GET STARTED WITH A RATE WITHIN THE NEXT 5 TO 6 WEEKS.   TIME WILL TELL. I MIGHT ADD THEY ALSO HAVE TO REACH THAT SAME DEADLINE TO GET THE MONEY RELEASED FOR THE BILLION DOLLAR LOANS THEY GOT APPROVED FOR.  I AM EXCITED.
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firefly – IMO, the WB, IMF and UN is running the show. When the timing is right (which in my opinion is very close)…The CBI will do what needs to be done!
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Millionday – Article quote:  “…Central Bank intends to implement is to issue less cash currency of category 250 dinars, and a new edition to the category of 500 dinars.”   CBI IS RELEASING DENOMINATIONS THAT ARE LESS THAN 250 DINAR NOTE — ADD IN A 500 DINAR NOTE.  THIS IS ALL PART OF THEIR NEW PLANS AND TO FILL THE MARKET NEEDS.  THE COMPLETE MONETARY STRUCTURE INCLUDES THE DEVELOPMENT OF A HIGH VALUE FOR THE DINAR AND ALSO SMALL DENOMS AND INCLUSION OF A 50,000 DINAR AS DESIGNED.   WHEN THE IRAQI SMALL DENOMINATIONS ARE RELEASED DUE TO A CHANGE IN PRICES AND THE RAISE TO A HIGH VALUE FOR THE DINAR — A RESULT OF THAT WILL BE THE RELEASE OF INTERNATIONAL VALUES/PRICES FOR THE DINAR…THEY DID NOT GIVE A DATE — HOWEVER ACCORDING TO WORLD BANK IT IS URGENT.
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DinarUpdates.com News Time Chat 11-20-15 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!!

poppy3: COMMENT GLOBAL ECONOMY FROM PREVIOUS SOURCES A COUPLE YEARS AGO TAKES APPROXIMATELY 5 MONTHS AT BEST AND THAT REQUIRES A RATE BEFORE THE 5 MONTHS PERIOD IS TO START .

MEANING IF THE BACK DOOR DEADLINE SET BY THE IMF / WB IS JUNE 15 2016 THEY GOT TO GET STARTED WITH A RATE WITHIN THE NEXT 5 TO 6 WEEKS ????

TIME WILL TELL.

I MIGHT ADD THEY ALSO HAVE TO REACH THAT SAME DEADLINE TO GET THE MONEY RELEASED FOR THE BILLION DOLLAR LOANS THEY GOT APPROVED FOR ???? I AM EXCITED .
~~~

Read More: http://www.dinarupdates.com/showthread.php?25154-Millionday-newstime-11-20-15
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Kaperoni (Dinar Guru) – Article:  “Parliament Decides to extend its sessions to the 23 of this month”  There is no details to this article but I get the impression we may be in for a holiday month long break at parliament.  Hope not.
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Mnt Goat (Dinar Guru) – …about the second week in November they began ramping up the news with a series of articles on the process to delete the zeros and have not stopped since.  – they told us of intentions to gradually wean off the currency auctions and FLOAT the dinar  – they introduced the project to delete the zeros to us again and explained it in detail  – they then told us they were ready to begin the process thus launch the 50k notes.  So we are now witnessing the end to this project. The final steps.  They are even telling us they are going to launch the $500 dinar.  A 500 dinars note was issued in October 2004 so I think they are just issuing a new edition with more security features and maybe Kurdistan symbols on it.  The Next Step after launching these lower denoms is the raising the value and putting the dinar on the FLOAT currency regime. This they tell us will complete the process, it is the completion of their currency reform.
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mike (Dinar Guru) –   …as far back as 2012, the plan didn’t include the 50k, that’s a new change that came up in the recent past.  I’ve got reports from the Ministry of Planning, a report to the Special Inspector General for Iraq Reconstruction, a report that’s submitted to Congress saying the note was going to be worth 50k, not a 50k itself.  I realize that’s not the plan, now.  ISIL and the price of oil have gummed up the works and apparently, the only way they can get something done is to have the IMF come in and set things right, move to Article VIII and get some value added to the dinar.  …I just don’t believe it’s always been the plan.
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wmawhite (Dinar Guru) –  [Why mint new coins when they never used the old ones…?]  They are printing notes or minting coins…because they know they are going to need them in the near future. The CBI has already told you what you ought to know…as well as the IMF.  The CBI owns the currency and the IMF has told the world that Iraq is re-joining the global markets prior to the first half of 2016.
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DinarUpdates.com News Time Chat 11-20-15 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: OK I’M BACK AND WE HAVE LOTS OF IMPORTANT NEWS TO LOOK AT

Millionday: IT SEEMS SO MUCH IS GOING SO FAST NOW ESPECIALLY WITH THE 30 DAY EXPANSION OF THE PARLIAMENT SESSION — WHOOOPOW

Millionday: GOOD TO SEE YOU ALL WELCOME TO NEWS TIME

Millionday: Al-Sabah stressed the three presidencies on the need to speed up the passage of the draft budget for fiscal 2016 Act, calling for the development of peaceful co-existence between citizens and stay away from the climate of tension and stress.

According to a presidential statement received «morning» the «President of the Republic Fuad Masum, the Prime Minister Haider al-Abadi and Parliament Speaker Salim al-Jubouri, gathered at the Peace Palace in Baghdad », indicating that took place during the meeting«
~~~

Read More: http://www.dinarupdates.com/showthread.php?25154-Millionday-newstime-11-20-15
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tman23 – Those that believe the HCL is the key to seeing monetary value change…NOT EVEN CLOSE!
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Kaperoni  (Dinar Guru) – Article quote:   “The National Investment Commission announced on Thursday that its chairman , Sami al-Araji, as the representative of the Republic of Iraq has signed with the International Center for settlement of Investment Disputes (ICSID)…”  IMO, this is a big deal!   Iraq has signed this deal in anticipation of international investment!  When you talk to anyone who is in a position to invest in Iraq, they always say they want laws to protect the investor, insurance to protect the funds and some sort of arbitration if something goes wrong, as well as the ability to get profits out.  And IMO, this signing of the ICSID is another very good piece of the puzzle.  With the recent amendment to the Investment Law, discussion about passing banking insurance, the IMF MoU to remove exchange restrictions and now this, we may well be on our way to seeing that “wild west” of investment begin in Iraq.  Only good things then can happen to the dinar.
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Frank26 (Dinar Guru) – They have LD’s coming, they have coins coming out…they have laws coming out…the budget is ready for 2016…they have Maliki up against the wall…the international community is going ballistic getting ready…and when they enter this RI into the RV phase you may not see this…and I don’t want you to see this…you don’t need to run to the banks then…this is for the whales and sharks…let them eat at that low rate.  The lifting of the value of the Iraqi dinar is here…you are at that final stage…you are actually beyond that final stage.
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rcookie (Dinar Guru) – THE LIQUIDITY OF DINAR CURRENCY IN CIRCULATION FOR TRANSACTIONS IS INADEQUATE…AND ULTIMATE STATED GOAL IS TO REDUCE DEMAND FOR THE DOLLAR WHILE CURBING INFLATION...AND PART OF DELETION ZEROES PROJECT…AND BASICALLY LIQUIDITY MANAGEMENT TOOL.
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SteveI (Dinar Guru) – Article quote:  “It confirmed the three presidencies, to speed up the passage of the draft budget for fiscal 2016 Act.”  Very good news. I …love the progress! December is looking better and better, but first quarter 2016 is looking awesome as well.
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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…

Psalm 145:10-11 (NKJV)

10 All Your works shall praise You, O Lord,
And Your saints shall bless You.
11 They shall speak of the glory of Your kingdom,
And talk of Your power,

Heavenly Father, we praise You and bless You! Thank You for the kingdom of God and that You are Almighty God and the power of the Holy Spirit! 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 – 11.19.2015 

http://www.cbi.iq/

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To succeed in the world it is not enough to be stupid, you must also be well-mannered. – Voltaire

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*** Current Posts ***

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Kaperoni (Dinar Guru) – Article:  “A member of the parliamentary Finance: Half 2016 budget is dedicated to salaries”  [no wonder they are looking at devaluing the dinar to 1500 dinar to 1 usd.]   …both the IMF and CBI have clearly stated devaluing the dinar is not an option.  Heck think about..they have huge protests now, can you image if they made the majority of the citizens 30% poorer?    I know its hard to believe..but the documents signed (MoU and Article IV Consultation) by both Iraq and the IMF are very telling of the goals. Hang in there.
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Poppy3 – discussion today on projection of guaranteed rate on iraq investment bonds like our municipal bonds for rebuilding infrastructure of major cities. These are not the original bonds tried a few months ago these are purely for rebuilding ELECTRIC GRID, WATER SYSTEM, SCHOOLS, HOSPITALS, GOVERNMENT BUILDINGS. THE RATE HASNT BEEN ANNOUNCED BUT MEETINGS ARE BEING HELD AT IMF.
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tman23 – The Japan Loan is 3 billion dollars…it is a 40 year loan at a rate of 1%… So riddle me this…The CBI has extended the GOI bond sales until Nov 30 at which date they close…They could not sell bonds because of high rates required by investors…They can get 3 billion for infrastructure…it is waiting… Whats the problem? IMO…timing!
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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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wmawhite (Dinar Guru) – Folks, at the current value a 250 IQD note is worth $0.21 and the 500 IQD note is worth $0.42. These new notes are being printed with the Kurdish, Arabic and English languages. The costs of printing is greater than the value of the notes on the streets…GO FIGURE.  Something is happening.
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rcookie – EVERY SINGLE MANDATE REQUESTED BY IMF…WB…AND UN HAS BEEN IMMEDIATELY DELIVERED ON…AML LAWS…DONE…BUDGET AND DEFICIT AMENDMENTS…SALARY LADDER DONE…AUSTERITY MEASURES WITH ELECTRIC & FUEL SUSIDIES AND RATION PROGRAM ADJUSTMENTS DONE…CBI OVERSIGHT & MONITORING PANEL AGREED AND IN PLACE FROM UN & IMF DONE.
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Frank26 (Dinar Guru) –  ...now they announce to us we are going to start our taxes and tariffs next month…because we have started this process of lifting the 000’s and we have decided on a float.   I have no problems with how they will do this it is brilliant…it is nothing like what happened in Kuwait.  …1166 is a program rate…Then the IMF yesterday changed the rate from 1166 to 1500…Iraq’s goal is to leave the program rate…  I like they came out and tell us they are going to raise their value…looks like a float sometime next month…these are the end times.  [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 11-19-15 

Currency Auctions Announcement No. 3077

This daily currency auction was held in the Central Bank of Iraq on the 11-19-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – …we told you that Dr. Shabibi is ready to launch the monetary reform of their currency from the reinstatement stage into the revaluation stage.  This stems from the meeting on the 10th. So this meeting was where they came out to declare we are ready to add value to their currency by removing the 000’s from the citizens and also from you…they introduced the 50k and will introduce the 100k next year.   ...this whole process is speeding up so much now…we told you the LD’s came over from the US…we told you that Dr. Shabibi was moving these LD’s out into the banks…   [post 1 of 2….stay tuned]
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mike (Dinar Guru) – Article:  “A member of the parliamentary Finance: Half 2016 budget is dedicated to salaries”  …80% of Iraq’s budget is going to payroll, that leaves very little left over to facilitate the auctions and the fight against ISIL, let alone service projects for the people like electricity, water and sewage.  By lowering the value of the dinar, the GOI could save $10-12 billion a year in payroll, great for the government, bad for the citizens.  The good news is that Keywords is against it, here’s hoping he sticks to his guns on this.  The other thing is this, the IMF/WB want Iraq to lower salaries, remove subsidies on fuel, electricity etc. and implement the tariff’s, well, I don’t see how they can do that with a currency that’s been further devalued by lowering the rate to 1500-1.  Here’s hoping the recent IMF involvement can get Iraq closer to Article VIII where they have a chance to raise the value and stop the auction’s.  
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Kaperoni (Dinar Guru) – Article:  “A member of the parliamentary Finance: Half 2016 budget is dedicated to salaries”   If they sell 3.5 mbpd @ $40 a barrel X 365 days = about $51 billion dollars.  That of course could go up or down depending on prices and exports.    Its a total mess to think about $35 – $40 billion of that is salaries.
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Adam Montana (Dinar Guru) – [Anything yer lookin’ fer in particular or watchin’ for to come outta the G20 SUMMIT in Turkey this week…?]  Not particularly. I think Iraq (mainly the CBI) is going to do whatever it wants either way, and G20 summits usually disappoint regardless of what’s going on in the world.
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firefly (Dinar Guru) – anybody that thinks the Paris Club, IMF, WB will settle for 5 cents better go back into hibernation. This is a plan and the plan doesn’t include 5 cents.  They want their money and they want it now!  5 cents isn’t going to cut it, sorry.  Things are moving at double the speed than even 2 weeks ago!
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mike (Dinar Guru) – Article:  “Iraq will pay $ 12 billion from the central reserve to oil companies”   I don’t think this is anything to worry about, yet…the CBI isn’t authorized to pull reserves to pay for past due oil payments.  The CBI is under a lot of pressure right now and I believe those who want to maintain the status quo are getting the jitters.  They see that the MOU has been signed with the IMF and they know the end of the auction shenanigans and subsidies are near.  I wouldn’t doubt if we see a full court press for the removal of Keywords in the near future, these guys are going to do everything possible to keep the system the same, billions of dollars are hanging in the outcome.  IMO
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wmawhite (Dinar Guru) – [ I am holding several of the 5K notes…will they still be good with the release of the larger denoms?]  Nothing changes with the notes that we hold.  If the status of any of the Iraq dinar were to change, the CBI, who owns them, would be the enitity to inform the world.  I too have 5K notes. I am not concerned about their status changing. And why? Because the CBI continues to tell us what they are doing.
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Poppy3 – REPORT SAYS RV WILL HAPPEN BEFORE JULY 16TH 2016 ACCORDING TO IMF — NOTHING CONFIRMED AS TO THE VALIDITY OR ORIGINATION.  I PERSONALLY DONT SEE ANYWAY THEY CAN WAIT THAT LONG AND MOST ALL CBI AND OFFICIALS PREDICTING BEFORE 2016.  THINGS ARE AWESOME AND WE WILL BE HEAVENLY BLESSED IN NO TIME AT ALL.
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tman23 – Salary Ladder…salary reductions…pension reductions…social security reductions…AML, Investment Law, both passed and waiting … 2016 Budget had second reading… Taxes are ONCE AGAIN set to be enforced on imports…and the chatter of devaluing to 1500 IQD to 1 USD… They are preparing for something…and the citizens just as much as members of the GOI are confused…which is a Good sign IMO…because a neutral event would not call for secrecy and confusion.
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mike (Dinar Guru) – As long as Iraq moves to Article VIII before they try to float the dinar, there’s a very good chance the dinar will rise in value.  If they don’t, then it’s going to be a mess.  Hopefully…if they make a move to international status around the middle of 2016, my guess is they’ll have roughly $50 billion left in the reserves, which would be enough to support a dinar with higher value.
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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…

Psalm 145:10-11 (NKJV)

10 All Your works shall praise You, O Lord,
And Your saints shall bless You.
11 They shall speak of the glory of Your kingdom,
And talk of Your power,

Heavenly Father, we praise You and bless You! Thank You for the kingdom of God and that You are Almighty God and the power of the Holy Spirit! 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 – 11.16.2015 

http://www.cbi.iq/

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A long habit of not thinking a thing wrong gives it a superficial appearance of being right. – Thomas Paine

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*** Current Posts ***

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tman23 – I believe 1000% without any doubt that they are lifting the 3 zeros for the fiscal year 2016… And I believe that as Shabibi once stated they need a 1-1 for easy use and avoid confusion in the market place… I flat out guarantee you the Kap float is an opinion and 5 cents is not happening…with or without 3 zeros.
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Mnt Goat (Dinar Guru) – I now believe this project is being moved up from 2016 into 2015.  Article:   “ACTIVATING THE LAW OF CUSTOMS TARIFF MIDDLE OF NEXT MONTH”  So bottom line is in the article…they are coming right out and telling us and I quote from the article – “the activation of the customs tariff law the middle of next month”. Why in the middle of next month then?  They will be activating the RV at this same time!   All these events are  INTERCONNECTED leading towards one event, the RV…   [post 3 of 3]
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Mnt Goat (Dinar Guru) – I have said that only when you see these events (golden nuggets) could there be a strong indication of an upcoming RV window of opportunity.   Such signs as news of launching the new 50k or 100k notes, articles about increasing the value of the dinar, distributing the lower denominations and coins, news of going international, deleting the zeros, putting the currency on a float vs fix regime, re-launching the tariffs, etc.  So now we see that almost all of these events that I mention they have begun to address in some form or fashion over the last 2 weeks. This was all amazing news and all in such a short time period too.  IT IS ONLY GOING TO GET BETTER!   [post 2 of 3….stay tuned]
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Mnt Goat (Dinar Guru) – …let’s see where we stand today.  -Amnesty law – second reading completed, 14 point of contention need to be resolved.  -Mandates of the three presidencies (second reading was completed on 11/12)  -Accountability and Justice law TBD ( suspect this will happen in the next couple weeks, we await in anticipation)  -Final announcement of the Federation Council law TBD (again we await in anticipation)  -Final report card and unity meeting for the mandate for Reconciliation called the “Reconciliation Conference” in articles they told us they were targeting to conduct this conference in mid December. Targets usually mean just that and can be moved forward or back depending on progress.   [post 1 of 3….stay tuned]
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tman23 – [has Shabibi officially returned to the CBI as governor?]  NO…But we have seen him twice in photos now…with the Finance Minister…Zebari when meeting with the IMF.  He is the “conductor” of the Orchestra.  His whole life has been the study of…an emerging market during times of volitile oil prices.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Monday 11/16 @ 4:30pm CST

Smart phone user link – Click here

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Mike – …the IMF’s involvement should help right the ship, they definitely need help in getting control over what’s happening to the dinar and the reserves.  One things clear, Iraq has to address these issues now.  In January we all knew that things were beginning to unravel, the auctions were capped, the dinar lost value on the street and the reserves are slowing dwindling.
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Enorrste (Dinar Guru) – […does “removal of restrictions”  mean going to float,  market supply and demand?]  Policies related to foreign currency and the removal of restrictions on foreign currencies means moving to a floating dinar.  At present there are essentially no policies related to foreign currencies because the dinar is not tradable with foreign currencies.  Thus until now they have had no need for policies related to them.  However, with the movement to a float and international recognition of the dinar those policies will have to be put in place.  More to the point, the IMF is saying that when they do move into the world market with the dinar they do not want any restrictions placed on conversions from one currency to another.  In other words, they are calling for a free float.
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BGG – I have no comment on “the float theory” – it is certainly possible…  I could care less if the IMF decides to resort to float… JUST GET IT GOING…once it starts – most realistic economists agree it will raise to a realistic value quickly if they do that.  I do think the IMF will be a major determinate in the value of the IQD from here on…  [could it be possible if the W.B. IMF actually FORCE Iraq to r/v?]  not impossible – in one way or another...they are taking a direct “advisory role” as part of their financial support.
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Frank26 (Dinar Guru) – We are walking out of the RI and into the RV.  The RV is multi dimensional with many positions for DRS [Dr. Shabibi].  …He and They have told us of their surgical steps being taken in a Masterful MR [Monetary Reform] of their currency the IDQ.
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Enorrste (Dinar Guru) – [What do you expect out of your (example) 1 million IQD…You paid let say…$1100 usd for it…are you expecting to make $400 usd profit over time…?]  Much more than that.   With reserves that are greater relative to their money supply than any country in the world Iraq is poised to become a powerhouse internationally.  The ultimate value will be determine by the market itself. The CBI is very clear on this. Their goal, however, was specifically stated back in 2007: $3.33.  That number was the value before Saddam came into power, and they are a very proud people who want it to be returned.  My own view is that this may be conservative, given their reserves.   [post 3 of 3]
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Enorrste (Dinar Guru) – So, how many…think that tomorrow, or someday, the dinar will go from 1166 to 1 to, say, $3.50?  [more and more i am of the opinion that it will get there in short order but not all at once.]  …you have hit the nail with your head!   I agree 100%.   I really don’t think that most investors in the dinar know just how powerful a process (not an event) they have entered into. I also believe that once the float begins about 90% of the investors will cash in well before that process has fulfilled God’s plan. [so then how could the IQD have a past rate of $3.22…which it did?]  …under the Saddam regime the rate was artificial but never recognized internationally.  [post 2 of 3….stay tuned]
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Enorrste (Dinar Guru) – In order to understand what is happening with the dinar it is important to see it historically as a process and not as an event.  What we are seeing happen has been publicly exposed just last week by the entry of the IMF directly into the affairs of Iraq. They signed an “agreement” to let the IMF basically handle things from here on out. The very next day the announcement of the introduction of the large 50000 dinars notes came out, with a picture of the note itself on the CBI website. Bottom line: IMF is running the show and the money is already printed.  […the IMF getting involved to the extent they are now, is very good news then.]  Not just good news: great news!  The IMF is in favor of floating the dinar, not just for Iraq but for the world!   [post 1 of 3….stay tuned]
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tman23 – This operation will be preceded by regulatory and administrative processes and the form in which it will start moving in,” adding that “the Bank began creating currency models and training of cadres to it.” The Iraqi Central Bank announced in May 2012 that the process of deletion of zeros from the country of Iraq will be transferred to the trillions of billions, “precede by regulatory and administrative processes  THIS IS LAWS AND THEY ARE VOTED ON…AML and INVESTMENT etc……. just waiting to be implemented……  AND….adding that “the Bank began creating currency models and training of cadres to it.”….  They were ready for 2013……the base is established…..AND by Saleh words…..the new currency was set to being printed August 2012 ….. Shabibi was set to go……Abadi announced it as Finance Chairman Oct 3rd to start 2013……Oct 12th Maliki placed the bounty on Shabibi…
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Frank26 (Dinar Guru) – IMO the LD’s were distributed two days ago. This AFTER the 50K’s were programmed…NOT DISTRIBUTED YET.  THEY ARE POISED FOR 2016 BUT OH MY LORD THEY ARE SO READY FOR 2015!
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BGG – my unvarnished opinion is: I care little what the rate is – I’m just ready to see it get started because once it gets going – it will likely wind up at a real value fairly soon…what ever that number is – it will be “market driven”.
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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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Poppy3 (Dinar Guru) – RV IS MOVING ALONG AND THINGS ARE VERY PROMISING. THE DONG IS ALSO BEING DISCUSSED DAILY THAT THEY NEED TO INCREASE THE VALUE SO ALL NEWS IN GOOD. NOTHING STATUS QUO.
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Kaperoni (Dinar Guru) – monetary policies are not reinvented weekly or yearly or whenever you want. They are tried and tested and well thought out…the IMF has a clear plan for the dinar…well documented…same for any other emerging market.   …the rate is the rate. when they transition its just that…one day we are pegged, the next we are floating. The rate is what it is at the time. Which today is 1166.   the dinar is international now and they are not floating it…it is pegged.  they want to free float, no limits.  [if dinar is international now how come banks in the US can’t buy or sell it?]  simple they dont want to.  I assure you if a bank wanted to exchange dinar, they could…too risky.   [Did Shabibi say in Jackson hole Wyoming in 2010 that the rate would be 3.22?]  I am sure the Iraqis would love 3.22 but they never said that would happen overnight.  THe UST and the IMF and the fiance committee within the last week all told the CBI to free float the dinar…that is as clear as it gets…not an overnight event.  [free float from 1166 correct?]  …where ever it is when they move is what it starts at.  [post 2 of 2]
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Kaperoni (Dinar Guru) – IMO the IMF under the new MoU (Memorandium of Understand) will manage the CBI monetary policy for a year. And IMO that will include helping them transition into the global marketplace…monetary policy is pretty straight forward and well documented…when the CBI wants to change, they simply will change the procedure…As they stated will occur before the middle of 2016.  [Please explain the change in “procedure” by the IMF…]   a change in procedure is fixed to float.  there is no rv…the IMF Article IV, that is confirmation.  [I think you have to consider conditions today…]  the CBI already did that..what do you think the 50k is for?  poor conditions prevent the CBI from moving at this time to a float. Therefore the 50k is a pacifier for the citizens.   [IYO…is that also the move from a dual currency and operating only on the IQD?]  iraq can never get rid of the dollar 100% they sell oil.   [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 11-16-15 

Currency Auctions Announcement No. 3074

This daily currency auction was held in the Central Bank of Iraq on the 11-16-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Millionday – [Do you believe till maliki is arrested we won’t see a RV?]  NO I DO NOT AGREE WITH THAT.
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Aggiedad77 (Dinar Guru) – What is likely to happen…IOO…is the LD’s need to be brought forward…why else would they have risked moving them from the US to Baghdad…to the CBI…not to bring them out…what purpose would that serve…but to bring them out…they need value…something far greater than 1166 as a value…have patience…be strong today and stronger tomorrow…the BEST is yet to come.
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Millionday – Article quote:  “the «Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubis gave the end of last week to the United Nations Security Council, the report prepared by the Secretary-General of the United Nations Ban Ki-moon on the situation in Iraq.”   THE UN SECURITY COUNCIL HAS APPROVED THE REFORMS GIVEN TO THEM A FEW DAYS AGO — THIS IS THE LAST OF THE REFORM ACTIVATION — THE ECONOMIC IS THE LAST ONE ACCORDING TO ALL THE INK I HAVE.  THE MOVE FORWARD WITH THE LAST OF THE REFORM PACKAGES IS URGENT AND SO IS THE NATIONAL RECONCILIATION CONFERENCE ACCORDING TO THE UN SECURITY COUNCIL –  THEY HAVE TOLD IRAQ THIS IS CRITICAL AND USED THE WORD — URGENT — LOVE IT.
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Kaperoni (Dinar Guru) –  …the zeros (3 zero notes) cannot go away until the dinar has appreciated to a value that lets the CBI collect and destroy them.  It does not mean they won’t start to raise the value within the next few months as we predict.  That being said, the CBI was clear, the 50, 100, 200 is expected to come out early or starting 2017.  That would put the rate at or about .05 cents or so.  ..which is what we expect.  It may take 16 to 24 months to raise the value to a 1 to $1 rate in which the zeros are then “technically” deleted.    I think everyone here expects the float to begin during the 1st half of 2016 which matches with the IMF statement and the goals for 2017.  So in reality, if parliament passes the laws, investors begin to flock into Iraq, and the CBI (with the help of the IMF) gets monetary policy under control, the 50K note works to reduce the paper, and the decision is made to exit the peg to a float by mid 2016, the nominal rate could be less or more than that educated calculation (we think about 5 cents). Lot’s of “ifs” here so we wait and see how it plays out.
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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…

Psalm 18:30 (NKJV)

30 As for God, His way is perfect;
The word of the Lord is proven;
He is a shield to all who trust in Him.

Heavenly Father, Thank You that Your way is perfect! Thank You that You are a shield to us! We trust in You 🙂 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 – 11.13.2015 (No change – as of 11/12)

http://www.cbi.iq/

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Never attribute to malice that which can be explained by stupidity. – Robert J. Hanlon

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*** Current Posts ***

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Kaperoni (Dinar Guru) – Article quote:   “many long term investors in emerging market currencies, for example, have been able to benefit from the appreciation of those currencies which is arguably due to the Balassa-Samuelson effect.”  In other words, this reference to the “Balassa-Samuelson effect” hypothesis which in essence is described as “a rapidly expanding economy creates a rapidly appreciating exchange rate” will give us an opportunity to benefit from that appreciation. That can only mean free float. The word “rapid” only make sense in a free float. It also means the IMF knows and endorses the plan. It also means that the dinar we hold is legitimate and was sold with an intended purpose.  So there u go…the dinar will rise and we will profit from it.
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Mnt Goat (Dinar Guru) – I told you about an effort to form new “reform” blocks consisting of those party members who support the Abadi government and all its reforms. These blocks make up the majority of parliament. This is tied to the Parties Law as the law sets standards as to party members and who can be involved in the government. Many of the past corrupted officials are now excluded. This is in part why we are seeing these last remaining laws move so fast.  As amazing as it may seem, all these events…have all happened in just a very short time period. It is very much timed and connected to the formation of these new reform blocks.  I have predicted most of these events would come to pass just prior to or in very close proximity to a significant change in the value of the Iraqi dinar.  So let’s now see what comes next in the coming weeks. This is going to get even more interesting as the near December. The news is terrific and we shall see an RV shortly and I firmly believe it will be sooner than later. This is the period of real change Iraq and it is all now happening at warp speed.
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Millionday – THEY ARE PLANNING A COMPLETE ECONOMIC REFORM.  THE ANNOUNCEMENT BY ABADI TODay WAS THE ACTIVATION OF THE ECONOMIC REFORM NOW — IMO.  MONETARY POLICY IS ON FAST TRACK…GLOBAL POSSITION.
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Frank26 (Dinar Guru) – Don’t get depressed that they added 000’s… They are working on the RI…the RI has nothing to do with the exchange rate or the value…the currency is being poised.  The currency of Iraq is poised for 2016 but boy is it ready for 2015…even though they are ready right now we still have some things that have to grow.  IMO…we are not going to see anyone or anything until we see Maliki arrested and other bad people too…very soon.
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Kaperoni (Dinar Guru) – Article: “Parliamentary Finance: the issuance of Class 50 000 will enhance the purchasing power of our currency”  …the hope is that that dinar comes out of shoeboxes and pillows and begins to be used on a more regular basis and less on the dollar. Obviously, the CBI wants to hold on to dollars and they are hoping this puts less demand on the auctions as well as consolidate the physical paper in circulation. As for our dinar, we do nothing. No need to try and get these or worry that our notes are ending or anything like that. Until the exchange rate begins to rise, this has no effect on us. …the CBI stated once the “delete zeros” program starts, they will accept the larger 3 zeros notes for up to 10 years…(of course they could always change that). Relax all. We have months yet to go until the CBI is ready to exit the peg and float…But they are now on the “clock” sort of speak as this note is part of the procedure to restructure the currency.
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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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Millionday – Article quote:  “Governor of the Central Bank of Iraq to respond to statements that relate to monetary policy”  THIS IS DISCUSSING THE ACTUAL APPLICATION OF THE US DOLLAR RATE AND INTERNATIONAL RATES.   SO WE HAVE EITHER A FIXED — OR MARKET FLOAT FROM A RATE OR A MANAGED THAT ALLOWS IN MOST CASES 2% FLUX ACCORDING TO THE REPORT.
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EXOGEN (Dinar Guru) – Article quote:  “…on Thursday, and documents the new general amnesty law based on what passed by Parliament and approved by the President of the Republic…”   GENERAL AMNESTY LAW HAS BEEN PASSED IN IRAQ.   THE SIGNIFICANCE OF WHAT THIS LAW MEANS IN REFERENCE TO YOUR CURRENCY INVESTMENT…THE AMNESTY LAW IS JUST AS BIG AS THE HCL, COMPLETE GOI, REFORMS PACKAGES, AND OIL AND GAS LAW.  IT IS THAT BIG AND THAT SIGNIFICANT TO THE COUNTRY OF IRAQ FOR STABILITY. THIS LAW IS THE START OF THE FIX OF ALL THE TRILLIONS OF IQD STOLEN FROM GOI MEMBERS AND CBI MEMBERS. MANY SCHOLARS OF THE IQD HAVE STATED FOR MANY YEARS THAT “THERE IS NO WAY AN RV OR AN RI COULD TAKE PLACE WITHOUT THIS AMNESTY LAW”!
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Frank26 (Dinar Guru) – So no LD’s, no Dr. Shabibi, no increase in value, no laws…until Maliki and Allak are gone…the CBI is taking action… meanwhile the Parliament has completed its own first reading of the 2016 budget…fast and historical…meaningful for their reforms…if they get a second reading…it will put Dr. Shabibi’s desire to lift the 000’s in harmony with the first of the year.   [post 3 of 3]
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Frank26 (Dinar Guru) – The USD is not being used in Iraq…they are going through an RI…pricing goods…using their own currency to march into Article 8…so they can march into an RV.   …in my strongest opinion…Dr. Shabibi will come out at a low rate…maybe 10 cents, 20 cents…that is what I call a low value…logic says you will start out at the first steps and watch it go upward.  …the RI is to reestablish the IQD at an international level and international usage.   [post 2 of 3….stay tuned]
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Frank26 (Dinar Guru) – The Warka Bank was invited to participate in the CBI currency auctions…this is big because the Warka Bank was established by so many men and women from international countries…to see Warka in this process…this is wonderful…I still don’t think we will see things until Maliki and Allak are taken care of…Maliki’s arrest warrant was put out over a month ago, but no one has done it…too many are afraid for themselves and their families.   [post 1 of 3….stay tuned]
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Kaperoni (Dinar Guru) – Article: “The central bank issued banknotes fifty thousand Dinars category”   Its officially on the CBI site now under announcements.
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Breitling (Dinar Guru) – [If/when banks exchange…how’s that going to work?]  If they can’t verify the currency by having the right money counters with the right chip in it, what they do is send it to the treasury department to confirm it.  You get a certificate.  the treasury department confirms it and that amount is credited to your bank account…they are not going to give you a bunch of cash right there on the spot.   banks don’t have that type of money to give you that amount of cash.  Another Issue people have is  [“Where are they going to get all this money?”]  It‘s an EXCHANGE.  So they get your note and you get a US dollar based on the value…so they are not buying your notes.
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wmawhite (Dinar Guru) – Article quote:  “… the environment is ripe for the replacement of the currency value or delete the zeros of them.”   Shabibi had always said that the government must support the monetary change.  The Finance Committee has always been the lone critic…now they are saying the timing is ripe. 
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Millionday – THE PLAN WAS INTRODUCED TO BE SMALL DENOMS — COINS — THE INTERNATIONAL EQUATION AND THE 50,000 NOTE —  THE 50,000 NOTE WAS INTRODUCED.  IF THIS IS BAD NEWS — IT SURE HAS MISSED ME…IT IS GOOD NEWS.    THE SECURE 50,000 IS RELEASED FOR STRATEGIC PURPOSES — COULD BE TO HavE A CERTAIN AMOUNT OF PAPER CURRENCY ON HAND — COULD BE TO BUY A VERY EXPENSIVE CAR CASH ONLY — BUT IT WAS PLANNED ALL ALONG.
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SteveI (Dinar Guru) – Topic:  “Control of the international road between Sinjar and Raqqa Syria”  Once they control Mosul, then we have a very good chance of seeing this before the first of the year or just into the next year.
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Adam Montana (Dinar Guru) – [ I read…that the first reading was completed yesterday.  Then it said the next session would be next Thursday [today].  …will the second reading of the budget take place then?  If it does, will there be a 3rd reading then a vote?  How long before a vote do you think?]  It’s scheduled for Monday now. There is no requirement for a 3rd reading, but it’s always possible. We will see on Monday/Tuesday how it pans out.
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Frank26 (Dinar Guru) – …the last time I was with you I made a mistake…when I make a mistake like I did last night, I come to you and tell you of them…  I…said to you…that Iraq has reinstated its currency...that they have RI’ed, no in my deepest apologies, no they have not reinstated or RI’ed.
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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