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 71:15 (NKJV)
15 My mouth shall tell of Your righteousness
And Your salvation all the day,
For I do not know their limits.
Heavenly Father, Thank You for the gift of Righteousness! Thank You for salvation! In Jesus Name, Amen.
Mrs BGG
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Political correctness is tyranny with manners. – Charlton Heston
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*** Current Posts ***
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“Round Table” Dinar Call!!
“for Dinar News – that MATTERS!!”
from Thurs afternoon
641-715-3639 pin #570743
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BGG – […Iraq will still see those loans from the IMF?] I think they will – now that they passed their AML Law [Anti Money Laundering Law]. that was one of the big hold-up’s for the IMF...they didn’t want their money going right into Maliki’s pocket…removing him is no easy task... but appears to be on the way.
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Backdoc (Dinar Guru) – THE DETERIORATING CONDITIONS ECONOMICALLY REQUIRE A GREATER PURCHASING POWER OF THE DINAR AS WELL AS A DIVERSIFYING OF ITS ECONOMY! NO WONDER THEY ARE GOING TO RAISE THE ZEROS DUE TO THE ECONOMIC CONDITIONS! WE ALL KNOW HERE THAT SECURITY HAS RETURNED MAKING THIS POSSIBLE! WITH LAWS AWAITING A VOTE TO ENACT, TIMING IS NOW COORDINATED WITH THE NEW GLOBAL REALITY! …THIS IS A GLOBAL EVENT! WHY? BECAUSE LIKE I SAID,”BECAUSE IT’S ALL ABOUT IRAQ ITS NOT ABOUT IRAQ”! BE ENCOURAGED MY FRIENDS, THE GLOBAL REALITY SHOWS ALL THE SIGNS OF MATURITY, YOU WON’T BE WAITING LONG! IMO.
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Adam Montana (Dinar Guru) – [Looks to me at this moment in time that your thought an a 10 cent RV may be pretty accurate…if this was the starting point, will we see a fixed float or a free float.] Fixed or float – I have differing opinions on that one. BOTH are positive, because the CBI won’t launch a new rate until they know they can sustain it… so if it’s a float, it will only go up in value. Bonus for us! But if they have any concerns at all, then they might want to peg it (fix) for a time to prevent any movement and control the value. Again – Good for us, because we won’t lose value! My final answer is a hybrid – it’s very easy to see them coming out fixed, and then switching to a float once they are confident. With the way the CBI moves, we might want to assume that they would hold it fixed for years, but the other side of that coin is that when the CBI makes a big move… I believe they are going to be ready to play, and they will do things we don’t expect.
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Mnt Goat (Dinar Guru) – There is no timeline or target date. We simply have to wait for the events to unfold that are required to bring the POLITICAL STABILITY (getting rid of Maliki and the Iranian influence), PHYSICAL SECURITY (getting rid of ISIS and DAASH) and the ECONOMIC STABILITY (ending the corruption, returning the loss Iraq funds, and diversifying the Iraqi economy). Seems since [Abadi’s] return…from the UN summit in NYC… he is taking bold steps to outwardly admonish Maliki and his goons… becoming more and more public and open. Just last week we had the CBI with Dr Shabib openly doing the same. It is all good and with the extreme pressure now from the demonstrations an religious authorities to prosecute ALL the corrupted officials it will not be long before Maliki too is on trial.
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wmawhite (Dinar Guru) – Article quote: “Iraq in front of a secure investment climate after the approval of amendment of the Investment Law…” This is the GOI approving an important amendment…this law has many facets to it…it is tied into the AML [Anti Money Laundering]. Quote: “The country is heading for a secure investment climate to facilitate the work of investors and provide all potential logistical and security to them, especially after the adoption of the investment law in the near future.” Iraq already has very good indications of what type of investment is waiting on the doorstep once these laws are in place. …these articles show us that outside countries are guiding Iraq through this process and because of this, the GOI, Parliament, the ISX, etc. know what type of investment is coming. […did they approve the Investment Law itself, or just an amendment?] Based upon the article…the GOI is very excited about the latest amendment to the Investment Laws which appears to be headed for a vote within the week.
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TD (former Dinar Guru) – Couple key comments from my Kurdish friend (treat all as rumor & opinion and please due your Ian sound diligence). According to my amigo Abadi now too is under tremendous internal and U.S. Pressure to show immediate progress or get out. The Iraqis are closely aligned with Iran and the West coalition is increasing nervous of that relationship. Although parliament is showing up for work passing many needed reform bills most importantly related to development into a private sector, market driven, non oil dependent economy, there is no actual results of it happening yet. It’s very clear that monetary programs are shelved until Iraq can show it is one country, stable and secure with a diversified economy to show the world that a platform of strength and stability is achieved and maintained. There are absolutely no signs in the horizon that this can or will be achieved anytime soon.
BGG ~ Normally I don’t post TD commentary – while it is one take on current events, it is also a highly “anti-Dinar investment” spin on things…which is the part I thoroughly disagree with. Read with caution!!
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Adam Montana (Dinar Guru) – I’ve been saying for a short time now – a SHORT time – that we’re waiting on the HCL to come through and that is pretty much it. I say a “short time”, because for a LONG time we needed more – GOI, Chapter 7, etc. We HAVE the majority of what we need for an RV. All we need now is the HCL…and until that’s through, there is no RV. If we start seeing more HCL articles, it could be time to get excited.
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Mnt Goat (Dinar Guru) – …DR Sinan Shabibi must come back to manage the CBI officially before any RV can occur. The new prime minister has asked DR Shabibi to come back to the CBI and DR Shabibi gave him his answer. This took place months ago. Now we are seeing Abadi finally begin to address the CBI an clean it up. I am now hearing we might even see Dr Shabib come back this week as they are planning to make a formal announcement of his return as heading up the CBI (officially) once again. Do you think he may pick up the progress on the currency reform from where he left off in 2012? It is very possible this may occur so be ready for some surprises in the next couple weeks. We might just see the new coins and lower denominations launched very soon.
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Frank26 (Dinar Guru) – The banks in Iraq said that they are ready to do wire-transfers. Before, they had to go to the CBI…but no more…they can do transfers outside of the country. Do you know what that SCREAMS??!!! This is amazing!
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Aggiedad77 (Dinar Guru) – You know how fast lightening can strike …Well that is about how fast things are changing in Iraq.
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BGG – …my current opinion and mindset is – right now, we are in very, very good shape. Things are moving fast and in the right direction.
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Iraqi Dinar/Dollar auction 10-07-15
Currency Auctions Announcement No. 3049 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 10-07-2015
The results were as follows:
| DETAILS |
NOTES |
| Number of banks |
21 |
| Number of remittance companies |
9 |
| Auction price selling dinar / US$ |
1166 |
| Auction price buying dinar / US$ |
—– |
| Amount sold at auction price (US$) |
199,592,979 |
| Amount purchased at Auction price (US$) |
—– |
| Total offers for buying (US$) |
199,592,979 |
| Total offers for selling (US$) |
—– |
More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – For the first time in 8 years…In Condition RED. 100%. [Could you define Code Red…?] It is a condition where we seek the proof that the MR of the IQD is at hand. Why? Because the evidence is there.
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firefly – …the Green Zone has been opened to ALL citizens. As for Maliki, IMO, all hot air. Lost his power and the majority of his supporters are gone! Abadi is wielding the big ole stick a lot more intensely as of late!
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EXOGEN (Dinar Guru) – THE MOST CRITICAL REFORM IS REMOVAL OF MALIKI FROM THE PRESIDENTIAL HOME, AND IT IS STARTING TO LOOK LIKE THE CITIZENS MAY DO IT THIS WEEK. WHAT MANY…HAVE OVERLOOKED IS HOW CAN A COUNTRY COMPLETE NATIONWIDE REFORMS WITH MALIKI STILL IN THE PRESIDENTIAL PALACE…COUNTDOWN TO MALIKI OFFICIAL EXIT.
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The EU considers the implementation of reforms is essential for political and economic progress in Iraq
[Baghdad – where] the European Union during the counting welcomed government reforms, implementation of reforms is central political and economic progress in Iraq…
Read More: http://www.dinarupdates.com/showthread.php?21829-EU-considers-implementation-of-reforms-is-essential-for-political-and-economic-10-6
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wmawhite – Had the CBI moved forward with the Delete the Zeros Project two years ago which would have with it a substantial change in the value of the IQD, it would have been similar to pulling the pizza out of the oven without any toppings, without any sauce and under cooked dough. In other words, as early as 6 months ago, Iraq had not started putting into place the laws necessary to support the new institutions that will make the new Iraq a success. What we are seeing today is what we needed to see when Dr. Shabibi was pushing so hard to get this to the finish line. Sadly, the corruption won out…until now. Be excited, you have many reasons to be so. [post 2 of 2]
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EXOGEN (Dinar Guru) – THE MOST CRITICAL REFORM IS REMOVAL OF MALIKI FROM THE PRESIDENTIAL HOME, AND IT IS STARTING TO LOOK LIKE THE CITIZENS MAY DO IT THIS WEEK. WHAT MANY…HAVE OVERLOOKED IS HOW CAN A COUNTRY COMPLETE NATIONWIDE REFORMS WITH MALIKI STILL IN THE PRESIDENTIAL PALACE…COUNTDOWN TO MALIKI OFFICIAL EXIT.
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wmawhite – When I first got into this investment I was always thinking that this investment was ready to come to fruition. Then as late as a year and a half ago, when we were told by the CBI, GOI and members of Parliament that it was not time for the “Delete The Zeros Project” I thought that they were crazy. Little did I understand that there was much more to accomplish by the CBI and the GOI. It was as if the pizza had just been put into the oven and we the investors were ready to pull it right out of the oven. Now I can see the importance of what is taking place today and how critical all of this activity is. Whether it is the restructuring of the banking system, or the Anti Money Laundering Law or the taxes and tariffs, all of these initiatives along with many more are like the toppings of a pizza. [post 1 of 2….stay tuned]
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“Round Table” Dinar Call!!
“for Dinar News – that MATTERS!!”
from Tues – 10/06
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Frank26 (Dinar Guru) – Here is the NEW 1, 2 and 3: #1 – The LAWS must be put in a public forum…THE GAZETTE to be announced to the world. Until then, the laws will be used behind closed doors. #2 – in my opinion, I’ve told you that lower denoms are being held on the east-coast of the USA. We need to see the lower denoms MOVE to the middle-east. The banks [in Iraq] have been set-up. First of all it will be an RI inside of Iraq. #3 – “Lucy, I’m home!” In other words Dr. Shabibi is back at the helm. There will be great SECURITY…no Maliki! Before the end of 2015 I believe that Dr. Shabibi needs to make a move on the IQD.
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BGG – I am looking for some public move against Maliki anytime soon… Abadi appears to have what it takes – there is great public sentiment to support him…and too many public accusations for there not to be something to it and…once they deal directly with Maliki – it opens the door wide for monetary reform.
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Frank26 (Dinar Guru) – I feel very, very confident about the advancement of the monetary reform… it’s amazing how fast things are occurring at the same time. Many changes happening right now…The middle-east is freeing itself of terrorism and corruption. We have a date that we believe that we will see 3 more things – it is the date when Dr. Shabibi will be back at the helm of the CBI calling the shots. The IMF gave Dr. Shabibi the GREEN LIGHT (back in April) and in that time period Dr. Shabibi wanted to do this back in July but there was not enough SECURITY to do it. On September 16th the Finance Committee (of the GOI) came out and said they had passed laws and said that the new 50’s and 100’s would be coming out. They were ready then but the timing wasn’t right. Is the timing better now? MUCH BETTER! [post 1 of 2….stay tuned]
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Kaperoni – Article quotes: “…sources expected a change in the equation in Iraq through support of Washington and the Gulf states for a new government in Baghdad away from Iran in return for including Iraq to the GCC.” “The sources said that the new Prime Minister proposed by Washington named «Imad Khersan…” There is clear motives here to reform Iraq. With or without Abadi, there seems to be a plan. Seems to be a bigger strategy to isolate Iran away from Iraq and reforms play a part in that. If Abadi cannot accomplish what has been asked of him, there may be pressure to change him to this other guy Imad Khersan. Time will tell.
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“Integrity” to amend criminal laws on punishments for crimes of corruption
Baghdad: Student Chief Hassan Al-yassiri, integrity, modify some text in a punitive laws on punishments for crimes of corruption, that cause upheavals texts old and will no longer fit in with the status quo, he stressed that the integrity Commission will go ahead in the fight against corruption and the multiplying spoilers everywhere.
Al-yasseri said in a speech marking the start of a week of national integrity and attended “new morning”, “you must modify some of the provisions contained in the law of penalties for corruption offences, to align with the current reality”, stating that “these provisions were developed in the 1960s, some are no longer tailored to the current situation.”…
More: http://dinarupdates.com/blog/
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Mnt Goat (Dinar Guru) – Parliament is now telling us the draft investment law will be voted on through the House of Representatives session on Tuesday 10/6. This law goes way back years ago, when Iraq had their multi-national investment seminar. Resulting from this seminar were many of these recommendations made to Iraq. They are finally going to implement them. So now this opens the door to the private sector. A better way to say it is “activating the private sector”… It is about to begin… This did not have to take place prior to an RV however we are glad to see it since it shows us the commitment of the GOI to moving forward towards creating a sound economy which could only mean they would have to RV at some point very soon after activating this law. We are still waiting for the National Guard law, Three Presidencies bill and Amnesty law to be passed in parliament. All of these laws have had second readings.
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BGG – …it has been a tidal wave of news the last 48 hours… my take – Abadi very much appears to be swinging a much bigger stick after coming home from New York. I haven’t figured out why (yet)… but it sure looks like he has a new base of support. by all appearances – Abadi was not in high gear (for some reason) – but looks like he is now.
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Mnt Goat (Dinar Guru) – …there will be no RV until Iraq deals with Maliki and the Iranian political influence in their affairs. So another item being taken care of getting us that much closer to the political stability needed to give us the RV. The USA and UN have told Iraq either they will deal with Maliki or Iraq must. Iraq stated they would do it their way and this way took much longer but creates much more political stability. Iraq agreed to a timeline and this timeline has expired. Either way Maliki must go and will go shortly. The weeks ahead are going to be VERY interesting. [post 2 of 2]
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Mnt Goat (Dinar Guru) – Article: “PARLIAMENTARY OPEN THE DOOR TO LEGAL ACCOUNTING MALIKI BECAUSE OF CORRUPTION CHARGES: WITHOUT THE “IMMUNITY“! It has been an interesting weekend about this Iraqi dinar RV…Iraq, under pressure from the citizens and the religious authorities, is now beginning the progress of going after high government officials on corruption charges. We all knew this would begin someday and so the day is now here. This is the momentum Abadi wanted and needed to go forward fully to the end with his reforms on corruption. Get ready its coming. But do they need the Accountability and Justice law first before they begin these trials? Some say this is the next step and so I believe it too. [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction 10-06-15
Currency Auctions Announcement No. 3048 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 10-06-2015
The results were as follows:
| DETAILS |
NOTES |
| Number of banks |
19 |
| Number of remittance companies |
12 |
| Auction price selling dinar / US$ |
1166 |
| Auction price buying dinar / US$ |
—– |
| Amount sold at auction price (US$) |
183,935,819 |
| Amount purchased at Auction price (US$) |
—– |
| Total offers for buying (US$) |
183,935,819 |
| Total offers for selling (US$) |
—– |
More: http://dinarupdates.com/blog/
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BGG – [Abadis new batch of reforms will be the curtain call for Maliki!] Could be…I agree – this will be an interesting week. I was about to say it may be one of the most exciting Dinar news weeks we’ve had in a long time.
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Millionday (Dinar Researcher) – Article quote: “…desire to advise with regard to ensuring the perfect version for legislation important laws…” IT APPEARS THEY ARE ASKING TO MOVE FORWARD WITH IMPORTANT LAW ENACTMENT…VERY INTERESTING TO SAY THE LEAST. IT SEEMS AS THOUGH THEY ARE WORKING FOR A PERFECT SHOT AT THIS PLAN.
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tlm724 (Dinar Guru) – Article: “Legal Committee: Income Tax Law will be presented soon to the Council of Representatives for approval” interesting thing about this law, they want to tax income which is fine but how are the people gonna react to being taxed and then being taxed again with the tariffs? Think they may have to give them some incentive, maybe increase their purchasing power??? just sayin.
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Poppy3 (Dinar Intel) – WITH ALL THE PROGRESS IN INK THAT HAS BEEN REPORTED AND REPORTS OF READINGS AND COMPLETIONS I THINK WE WILL SEE A NEW RATE BEFORE THE END OF THIS MONTH AS LONG AS THE PROGRESS CONTINUES AS THE LAST MONTH BUT I, AFTER EVALUATING OUR POSITION AND CONSIDERING ALL THE NEEDS, DON’T BELIEVE WE SEE A RATE TILL LATER IN THE MONTH OF OCTOBER INSTEAD OF THE FIRST WEEK, CLOSER TO THE LAST. THE GOI, CBI OF IRAQ HAVE NEVER COMPLETED ANYTHING ON TIME OR MEET A DEADLINE. I AM EXCITED AND VERY CONFIDENT THE RV IS WELL WITHIN REACH THIS MONTH. WATCH THEIR ACTIONS ON WHAT THEY HAVE SAID…THEIR ACTIONS WILL SHOW US THE FACTS AND WITHIN DAYS FROM TODAY WE WILL WITNESS JUST HOW SERIOUS THEY ARE. [post 2 of 2]
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Poppy3 – …THE BANKING LAW ARE DIRECTED TO BE COMPLETED TO ALLOW SAFETY FOR SHOWING THE NEW RATE, HOWEVER WE MUST NOW LOOK AT WHERE THEY ARE AND OTHER PENDING ACTIONS THAT HAVE BEEN ANNOUNCED TO TAKE PLACE AND HAVE MISSED THE TIME THEY WERE TO BE EXECUTED. ANNOUNCEMENT HAVE BEEN MADE WHEN BONDS WOULD BE SOLD (DIDNT AND HASNT HAPPENED), THE ISX WAS TO START TRADING INTERNATIONALLY (DIDN’T AND HASN’T HAPPENED) SEVERAL OTHER THINGS HAVE BEEN PENDING FOR WEEKS AND SOME MONTHS, 9 INTERNATIONAL BANKING LAWS, HCL LAWS. SO I THINK WE ALL UNDERSTAND MANY OF THESE THING ARE TRUELY NECESSARY BUT SOME ARE MANDATORY AND SOME AREn’T TO ALLOW THE CBI TO RELEASE THE NEW RATE. [post 1 of 2….stay tuned]
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DinarUpdates.com News Time Chat 10-04-15 Part 2 of 2
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
WELCOME TO NEWS TIME AT DINARUPDATES.COM w/MILLIONDAY
Millionday: NOTE — REMEMBER THE CRISIS CELL? THEY WERE ANNOUNCED AND THEN HERE WE HAVE RESULTS — HOW EXCITED WE WERE ABOUT THE WORK WE WERE TO SEE FROM THEM
Millionday: He Zayer, that “the mechanisms ratified by the crisis cell in the Office of the Prime Minister, distributed amounts between sectoral banks,” noting that “the industrial and agricultural bank obtained on the proportion of 33 percent of the total loan, while the Real Estate Bank and housing fund got 17 percent each and every one of them, of the loan.”
The member of the Commission on the Status own program of central bank credit mechanisms, that “the Commission has developed ratings agricultural, industrial and real estate projects, and gave the bank the powers granted preliminary approval for the project in exchange for a letter of guarantee
provided by the borrower of not less than five percent of the loan amount, confiscated in the event of failure to implement the ratio 20 percent of the project, eliminating the need for the letter of guarantee in case achieved that percentage,
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Read More: http://www.dinarupdates.com/showthread.php?21630-Millionday-News-10-4-15
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Millionday – Article quote: “the Board of the Central Bank has agreed to rehabilitate the Warka Bank according to the plan prepared for this purpose.” A LONG TIME AGO WE READ ABOUT WARKA BANK AND THE PART THEY PLAY IN THE REFORM PLAN — IT WAS EXCITING THEN BUT NOW >>> ITS ACTUALLY HAPPENING. …CBI IS IN ACTION ON THE PLAN FOR REFORM — THIS IS A HUGE STEP FOR THE ECONOMIC REFORM OBVIOUSLY…VERY INTERESTING TIME RIGHT NOW.
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Kaperoni (Dinar Researcher) – Article quote: “Central Bank decided to grant the government banks billion divided them according to the controls to improve its banking system and restore its infrastructure…” Well if the CBI is going to spend it’s reserves it might as well be to improve the banking system. There goes another billion. I have always said that the banking system must be advanced and they need “freedom of movement of capital” (Article VIII compliance provides that) for investors to come and participate in the market economy. This article confirms this fact…”the advancement of the economy and other sectors depends on the development of the sector bank…”
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Deputies: determined to pass important laws http://www.dinarupdates.com/showthread.php?21612-Deputies-determined-to-pass-important-laws … via @DinarUpdates
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Millionday (Dinar Researcher) – THERE ARE MANY LAWS THAT Are prepared for vote and once voted — THEY OF COURSE BECOME LAW – I THINK WE ARE SEEING loose ENDS BEING TAKEN CARE OF — SIDE MEETINGS TOOK PLACE IN NEW YORK AND ACCORDING TO SOME REPORTS – IT APPEARS THAT THERE ARE MANY THINGS PREPARED AND ACCORDING TO MASUM — AND OTHERS THE NATIONAL RECONCILIATION IS NOT LONG AT ALL.
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Backdoc (Dinar Guru) – ITS AMAZING TO SEE THE SHIFT IN TONE NOW WITH COUNTRIES ALL READY TO MAKE MONEY NOW. ANOTHER SIGN WE ARE CLOSE!! IMO
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DinarUpdates.com News Time Chat 10-04-15 Part 1 of 2
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
WELCOME TO NEWS TIME AT DINARUPDATES.COM w/MILLIONDAY
Millionday: Iraqi Prime Minister Haider al-Abadi announced on October 4 that Baghdad’s heavily fortified Green Zone would be open to the public for the first time in 12 years.
Many restrictions remain in place as the measure allows only limited access to the area.
Abadi presented the partial reopening of the International Zone of Baghdad as part of the reform drive he launched, which was prompted by popular discontent over government corruption and poor services.
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Read More: http://www.dinarupdates.com/showthread.php?21630-Millionday-News-10-4-15
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rcookie (Dinar Researcher) – Adviser Abadi: “Adoption of the Islamic Banking Act will revive the banking operations in the country” This is another example of the necessary Banking infrastructure that has remained missing and completely necessary for monetary reform and foreign investment acquisition…and a noted one of the modern in the world!!!
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BGG – I was likely mistaken about the Law of 3 presidencies…- the one dealing with Maliki (and VPs) is the Law of Advisors (I think)…I was confused about what they were talking about…not uncommon for them to “evolve terms”… and I thought that was what was going on there… they appear to be two different piece of legislation…but all of this is really not the point – Abadi just gave Maliki 48 hours to get out…that is the DEAL.
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Millionday (Dinar Researcher) – Article quote: “…a formal letter of Abadi Office arrived to al-Maliki, in this regard, asking him to hand over all public property, which is still occupied, to the official concerned authorities in the Government, within 48 hours…” HE WAS ORDERED 48 HOURS…THIS IS CURRENT NEWS OF AN ORDER FROM ABADI — SO WITH TIME CHANGE I WOULD SAY TOMORROW [SUNDAY] OR NEXT MORNING IS HOW LONG HE HAS… THIS IS A FORMAL ORDER THAT WOULD RESULT IN A WARRANT IMO AND BY LAW THAT I HAVE READ.
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Kaperoni (Dinar Researcher) – Article quote: “Rafidain Bank expressed readiness to cover documentary remittance and emerging companies and traders who import goods from outside Iraq.” …this is really the same thing as what the CBI instituted back in March. Rather than purchasing foreign exchange through the auctions, merchants use these remittances through their bank (in this case the Rafidain) to do the currency conversion and payment for imports.This method provides the most secure method and justifies the exchange of foreign currency (know your customer). The end result is a reduction of criminal activities such as money laundering and hopefully reduces the demand on the CBI’s reserves.
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Millionday (Dinar Researcher) – Article quote: “Rafidain Bank announced its readiness to cover documentary remittance and emerging companies and traders who import goods from outside Iraq.” THIS IS HUGE AND IS THE BEGINNING OF A MARKET ECONOMY — TRADE — DOCUMENTARY REMITTANCE. THIS IS A HUGE STEP TO ACTIVATE THE ECONOMY WHICH GOES WITH THE PRIVATE SECTOR — INVESTORS ETC. THIS IS THE ANNOUNCEMENT THEY ARE READY — NOT PREPARING. VERY GOOD NEWS.
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Hamoudi calls for a vote on the investment law!!
BAGHDAD / Obelisk: he called on the Presidency of the Council of Representatives member Hamoudi, Sunday, to a practical mechanism for the development of investment in the country and to accelerate the adoption of the second amendment of the law as soon as possible mode.
Information Office of the Member of the Presidium of the House of Representatives Hamoudi said in a statement, said that “the last presided over a meeting of the chairman and members of the economic and investment commission in Parliament, in the presence of Vice-President of the House of Representatives, Mr. Aram Sheikh Mohammed and Chairman of the Investment Commission Sami al-Araji, to discuss the possibility of a vote on the second amendment to the investment law through the coming period. “
He called Hamoudi According to the statement, to “support investment projects and the trend towards sweeten foreign capital owners and provide them with a safe environment, and to all investors at home and abroad, to enter into this project which significantly contribute to the strengthening of development and the economy wheel in the country, in addition to reducing unemployment.”…
Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Researcher) – Article quote: “the Committee of Economy and Investment Authority hold on Sunday a consultative meeting for the purpose of Search Investment Law and the addition of some paragraphs.” Looks like last Tuesday or Wednesday they met and reviewed or made changed (second amendment) of the Investment Law. And now a meeting is scheduled for tomorrow to see it its ready to go to a vote or not.
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Mnt Goat (Dinar Guru) – Article quote: “The Central Bank serves development and creates an appropriate environment through monetary and economic stability, the Central Bank’s reserves is to support exchange rate stability and to economic stability…” Dr Shabibi has been very quit for a very long time. So why now does he decide to speak out? I believe it is because he feels safe and less threatened by the goons of the past Maliki administration. The atmosphere is the government is slowly changing. He feels the Abadi administration is different and is making real reforms to create the political stability he needs to operate so now they can realistically address the monetary and fiscal policies needed to bring Iraq out of this economic crisis. So I have been saying all along and emphasizing that the CBI needs STABILITY prior to any RV.
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Aggiedad77 (Dinar Guru) – Have been sitting here…contemplating the news…though it may not be telling us much…it still appears to be showing how things are being done in lightening speed within Iraq at the moment… First Dr. S [Shabibi]…found the fortitude to speak out against his nemesis, Maliki. Now we see PM Abadi doing much the same thing but on a more “global” scale asking for help, but at the same time …telling the world…we aren’t going to play political favorites while we fight terrorism. Abadi is saying…we’ve had enough of the games, it is time to get serious… They need time…time to get the LAWS working for them….time to deal with security and terrorists….time to make things safe to spring forward to their next level...the BEST is yet to come and you don’t know how incredibly true that is becoming.
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Abadi: we will hold of squandered wealth and seek to approve the 2016 budget at a reasonable price for oil
Stressed Prime Minister Haider al-Abadi said his government will hold accountable all of wasted wealth of Iraq in previous governments, “adding that” the Cabinet seeks to approve the budget for fiscal 2016 at a reasonable price for oil. “The supreme religious authority has stressed yesterday to prosecute and hold accountable those responsible for what happened during the the last years of the loss of hundreds of billions of money of the Iraqi people in fake projects and contracting based on nepotism and corruption “, noting that” if the law did not apply the right of these and relive them money and punished for their crimes, including by matching will continue to corruption will not be deterred by corrupt for their practices. “…
Read More: http://www.dinarupdates.com/showthread.php?21576-Abadi-we-will-hold-of-squandered-wealth-and-seek-to-approve-the-2016-budget-at-a-rea
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Millionday (Dinar Research) – “…text of the draft of the National Guard, which was approved by the President of the Republic Act based on the provisions of subsection (I) of Article (61) and Forever (Third) of Article (73) of the Constitution. This law was initiated due to security circumstances through which Iraq is due to exposure to terrorist attack…” APPROVED BY EXECUTIVE ORDER…IT MEANS EXECUTIVE POWER WAS USED DUE TO DIRE NEED IN COUNTRY. HOWEVER — THE CONSTITUTIONAL ARTICLES ARE NOT RIGHT BUT — HE DOES HAVE POWER FOR THE GOOD OF THE COUNTRY — SO WE WILL SEE WHAT ELSE COMES OUT TO VERIFY THIS REPORT. THINGS ARE MOVING FAST RIGHT NOW — SO OBVIOUSLY IT IS VERY INTERESTING TO SAY THE LEAST.
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Mnt Goat (Dinar Guru) – Progress of Reform Laws: 1) Islamic Banking Act, passed by the House of Representatives at its meeting on Thursday 10/1. 2) second reading of the Law of the Three Presidencies. I believe this law is not needed for RV but surely puts more nails in the political future of Maliki in Iraq. It does add to the political stability of Iraq. We have already seen the Parties Law passed in parliament in mid August and I feel this presidencies law goes hand in hand with it. 3)We are told that the Investment Law also is done but we still await the formal announcement (much needed for the RV). 4)We still wait for the National Guard, Amnesty and Accountability and Justice laws (high priority and critical prior to any RV)
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Millionday (Dinar Researcher) – Article quote: “the Second Amendment to the Iraqi investment law has been completed once and for all, after included several paragraphs…” NOTE — HAS BEEN COMPLETED ONCE AND FOR ALL — WHOOPOW. THIS IS FOR ALLOCATIONS AND DOMESTIC AND FOREIGN INVESTMENTS. SO NOW THEY WANT TO PASS IT AS FAST AS POSSIBLE…A THUMBS UP FROM UN AND A RUSH ON IMPLEMENTATION…
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Abadi al-Maliki demanded the extradition of real estate granted to him during the last 48 and rejects
BAGHDAD / Sky Press: detection of Prime Minister Haider al-Abadi early Saturday, said a political source called Vice President Nuri al-Maliki to deliver drugs Almmnouhhlh by the state within 48 hours, and the latter refuses.
The source for “Sky Press,” “The prime minister Haider al-Abadi student vice president of republic Nuri al-Maliki to hand over real estate granted to him by the government, adding that the request came in response to Sistani’s sermon on Friday, and in which he called al-Maliki to accounting.”
The source, who requested anonymity, that “the Prime Minister’s Office face a formal letter to the Vice President Nuri al-Maliki and take actions which it rejected in toto.”
Read More: http://www.dinarupdates.com/showthread.php?21575-Abadi-al-Maliki-demanded-extradition-real-estate-granted-him-during-last-48-rejects
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tman23 (Dinar Researcher) – IMO…They are holding back the investment law for timing purposes that are tied to certain focal points… those point can be several items…I believe they are tied to what the conference agrees upon (post 2015 conference) 10/1 – 10/5 …and an announcement by the IMF on 10/6… Have not heard a word on the bond sale…and it won’t until the “investment law” is voted in… Budget goes to Parliament by 10/11…so we have 5 days – 10 days…to see 2 events roll together. Just remember…it has been said by several parties that there is no opposition to the investment law…it has been read twice and is ready for vote…they just keep delaying it after announcing they will be voting on it. IMO…IT IS THAT BIG OF A DEAL!!!
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Mnt Goat (Dinar Guru) – Earlier this week it was announced that the USA…agreed to lead a coalition against ISIS in Iraq and Syria only if Iraq gave them what they wanted. This came out of the recent UN summit in NYC USA. What does the USA want in return? The USA wants the National Guard, Amnesty and Accountability and Justice laws passed in parliament and implemented. Also the soldiers need immunity (not amnesty as some say.) Abadi agreed to these conditions. So this also tells us how closely tied and interconnected these three laws are. Now the pressure is on for Iraq to make good on these terms and finally get these laws passed and implemented in parliament. So out pops an article in the news yesterday that Jubouri confirms its full support to all initiatives aimed at achieving a COMPREHENSIVE RECONCILIATION meaning passing the last remaining reform laws for this effort.
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BGG – I think very, very soon after Maliki is dealt with – things will move quickly.
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Poppy3 (Dinar Intel) – …THE DEADLINES ARE BEING MET ONE DAY AT A TIME. WHILE WE ARE NOT PRIVY TO THEIR COMPLETE LIST OF STEPS TO BE MET IT IS OBVIOUS THEY ARE NOT STAYING STATUS QUO… THEY (ALLAWI) AND CREW ARE DETERMINED TO COMPLETE SATISFACTION TO THE WORLD BANK AND IMF AND HIS POWER OVER THE CBI WILL BE ENHANCED TREMENDOUSLY WITH ONE MORE DAY OF PROGRESS IF THEY GET ALL THE VOTES COMPLETED. RUMOR…IS THERE ARE STILL 9 MORE ARTICLES OF LAW THAT WILL ALL BE IN A GROUP VOTE AT ONE TIME, LETS HOPE THIS RUMOR IS TRUE AND THEY CARRY THIS VOTE OUT THIS WEEK. HOLD ON IT GETTING VERY INTERESTING AND WE ARE GETTING DIRECT POSITIVE ACTIONS.
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Aggiedad77 (Dinar Guru) – Article: “Central Bank allocates billion dollars for the development of the bank sector” The CBI is offering $1 billion dollars to the government banks to work on improving their infrastructure…we have a serious need for you to look like world class banks soon…put it to good use and get your houses in order so that we can show the world we are first class operators when it comes to the banking environment…and again yet another mention of…LAWS…get them done especially those that impact the Banking Law…don’t let grass grow under your feet…we have a renewed urgency…from on high this demand comes from…make it happen…NOW.
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Mnt Goat (Dinar Guru) – It has been a good week but somewhat quite in comparison to the waves of news in recent past weeks. Could this be the calm before the storm? I believe it was the result of the Eid holiday and the fact that there was a delegation from Iraq in USA NYC attending the UN summit meetings all week. They are now back in country and so we should expect to see the spigot of news break soon once again. … Iraq is not there yet. I am beginning to get excited since I do see the end to this saga coming up soon. …today Sadar has called for a million citizens to peacefully march in the streets today Friday once again in protest for more SPEEDY reforms and to finally prosecute HIGH LEVEL OFFICIALS who were responsible. So we are seeing much support and pressure from the highest religious authorities in Iraq. When will they finally prosecute Maliki? You can see now the pressure is building from all sides.
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Reports that Daesh oil-smuggling tankers ‘invisible’ to US jets are suddenly visible to Russian jets & were bombed!!
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Frank26 (Dinar Guru) – [Ive been seeing numerous postings about the rate needing to come first before the laws, so…Could it be that these Laws, “Have Already been funded”?] how can the laws come before the rate. LAWS that we have begged for are ALIVE and well. They too are good soldiers attending to their post and READY for ACTION…AND LAWS do not need funding…They need WORDS. Then these WORDS activate The Funding once DRS lifts 1…2…or 3 ZEROS.
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Kaperoni (Dinar Researcher) – Article quote: “the Committee of Economy and Investment Authority hold on Sunday a consultative meeting for the purpose of Search Investment Law and the addition of some paragraphs.” “did not specify until now date to vote on the investment law.” Apparently they have a date to vote on it..but its not stated in the article.
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BGG – This is the whole ball game right here…supposedly they did the 2nd reading of the Law of the 3 Presidencies. As I understand it, that will take care of Maliki. So, they are within a 3rd reading and a vote and once they do Maliki has no immunity, if I understand correctly the way that is laid out. By the way, the only October 1st deadline was the Anti Money Laundering Law set forth by the World Bank and the IMF and they met that deadline early. Some say it was published in the gazette…not sure if that is true. There is no other deadline…they did what they were to do. Stop and think, they have never met a deadline before…so for what ever reason that meant something to them. Also, as soon as Abadi got back from New York he issued new orders and directives. He is walking like he is a man on a mission. That in concert with everything else going on this is very good news.
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Sistani’s representative calls to teach students “love of the homeland and the sanctity of public money.”
The representative of the religious authority in Karbala, Ahmad Safi, on Friday, on the need to improve the level of scientific and moral interest in the institution, and called to teach students the culture of patriotism and the sanctity of public money…
Read More: http://www.dinarupdates.com/showthread.php?21548-Sistani-s-calls-to-teach-students-quot-love-of-homeland-and-sancti-of-public-money-10-2
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Aggiedad77 (Dinar Guru) – “The Government of the Republic of Iraq and the Government of the State of Kuwait Article 1 of the Republic of Iraq to ratify an agreement on trade cooperation between the Government of the Republic of Iraq and the Government of the State of Kuwait” Remember TRADE is a vital blood line for any country and for these two, Kuwait and Iraq, to be opening doors with each other in this fashion is speaking so very LOUDLY…more of the good life to come…they are setting up some very good measures to bring about great growth for the proper time.
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firefly (Dinar Guru) – The ONLY law the WB and IMF was insisted on being done prior to Oct 1st was the…Anti Money Laundering Law…which was done AND published in the official gazette on Sept 16th. I believe that is the cornerstone to EVERYTHING else being implemented…the AML was imperative, especially for the border tariffs. Investment law not required but needed.
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Aggiedad77 (Dinar Guru) – Article: “Parliament will vote on the Islamic Banking Act” Parliament voted in agreement on the Islamic Banking Act on Thursday…this has to be their version of “fast track”…this moved through Parliament really fast…IMO…there is something else behind this act…why would they want or feel the need and urgency to pass this act…it has to play well with their economic recovery efforts, with Abadi’s reform efforts, and with the MR…all IMO….in that direction this must then be a very positive action on their part.
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Thousands of protesters heading to Tahrir Square in central Baghdad
Follow-up – Thousands of citizens, civilians and activists, on Friday, in Tahrir Square in central Baghdad to demand the fight against corruption and reform of state institutions, accusing the government and parliament to “procrastination” reforms announced recently, while security forces imposed strict measures on the place of the rally in anticipation of any breaches…
Read More: http://www.dinarupdates.com/showthread.php?21531-Thousands-of-protesters-heading-to-Tahrir-Square-in-central-Baghdad&p=132595#post132595
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tman23 (Dinar Researcher) – We know they will never give a sniff of a hint to the date of creating more value…if indeed that is their intentions, to create more value where public profits can be made… So them saying 2016 is just fine…We know from following this that they need a change in policy asap…not only are the Iraqi people restless…but the worlds emerging markets that are ready to take a big hit does not help “global stability” with more people becoming restless… IMO…The PTB cannot kick the financial can down the road another year… AND that is what 10/1 -10/5 meetings are going to be having to come to terms with…investing several trillions in global infrastructure building.
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Aggiedad77 (Dinar Guru) – Article quote: “The 70th session of the United Nations General Assembly is being held under world challenges on many scales, especially, fighting the terrorism of Da’esh.” Great speech by PM Abadi…he speaks of “sustainable development” in a very positive light…He seeks cooperation with all nations of the world in combating terrorism…he spoke of environmental concerns, the protection of generations into the future, elimination of poverty and discrimination. Lofty topics for someone leading a country that some say is on the brink of extinction… …know that a blessing is coming, not only for us but for all the world who continues to stay tuned in to all that is happening…
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tman23 (Dinar Researcher) – I think to the “education” part to the public regarding monetary changes…Say they plan on lifting 3 zeros at the start of 2016 (Which Shabibi said in ink a few times) that the start of the year is favorable and not in the middle of a quarter or year…That being taken into consideration…IMO, they would have to start educating before the time…and as they removed the 50 note and gave 60 days to turn them in….so goes the pre education part to new currency etc…point being...If this is going to go…it can go anytime after 10/6. We are going to know soon…and not Iraq “soon”.
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Parliamentary Economic coordinate with the Council of Ministers to recover funds smuggled
BAGHDAD – News Today – Vice Chairman of the economic and investment commission in Parliament, Harith al-Harthy said, that the Commission coordinate with the Council of Ministers to take quick action to recover funds contraband, since those funds can be used to support the national economy, as well as the pursuit of economic and investment commission to activate the private sector, and other supporting projects for financial returns of the state…
Read More: http://www.dinarupdates.com/showthread.php?21519-Parliamentary-Economic-coordinate-w-the-Council-of-Ministers-to-recover-fund-smuggled
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Kaperoni (Dinar Researcher) – Looks like Saleh is recommending that the CBI get off the peg and at some point into a basket of currencies. I agree that would be best for Iraq…But I also believe prior to this, the CBI must allow the dinar to rise to it’s true value.
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BGG (Dinar Researcher) – [I hope that they hurry up and get the reading of the 3 Pres. Act done!] The fact that is within 1 reading and no one really knew – IS HUGE NEWS…they have apparently been working on it without anyone knowing. Once that is read and enforced – Maliki’s goose is cooked. Officially. the Law of 3 presidencies and the AML Law [Anti-Money Laundering] are both HUGE.
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Aggiedad77 (Dinar Guru) – Well the Iraqi news this morning is packed with some good stuff, and I’m expecting more to be coming our way as the day and weekend progresses. We stand on the doorstep of October and we are hoping for some really hefty kinds of effort from Parliament in these first few days of the month. May they be steady and strong in their efforts to push forward with some very key laws that can have a strong positive impact on the Iraqi economy and their reform efforts as well…rest assured they are moving at speeds we’ve not thought. We wait…we watch…we pray for the best…for we know…the BEST is yet to come.
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Vote and reading for many of the laws the parliament session today to determine the states of the most prominent of the three presidencies
…The source asserts that “Parliament will read the second reading of the draft law and national the Authority for Nuclear Regulation and radiation, and the second reading of the draft accession of the Republic of Iraq to the Convention on Nuclear Safety Joint Convention on the Safety of Spent Fuel Management and the Safety of Radioactive Waste Management and the second reading of a bill defining the mandates of the three presidencies”…
Read More: http://www.dinarupdates.com/showthread.php?21485-2nd-reading-of-3-Presidency-Law
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Poppy3 – no doubt about the fact that none of these banking laws, international credit rating, any of the goi and cbi regulations would have been needed if the CBI AND IRAQ GOI where not going to RV the dinar. they could have chosen to just continue to use USD…none of this would be needed. MEANING TO YOU AND ME THE NEW RATE IS COMING AND WITH THE IMF STATING THEY ARE PREPARING TO LOAN BILLION TO IRAQ THEY MUST KNOW THE NEW RATE IS A FOREGONE CONCLUSION. REST ASSURED NO RATE NO LOAN FUNDS WILL BE RELEASED.
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BGG – Article Quotes: “Iraq proves the case: the country has witnessed FDI inflows of an impressive $4.8 billion in 2014, according to the 2015 UNCTAD world investment report…” “According to the World Bank, FDI in 25 countries that were classified as conflict affected or fragile grew at a compound annual rate of 12% compared to 4.5% growth in the rest of the world’s FDI in the period of 2005-2012.” Here is a very interesting article… shows a legitimate reason why – in the face of such adversity – that major banks and players are still looking to invest in Iraq... essentially – (if I read it right) the rest of the world has seen economic growth of about 4.5% (total) and Iraq has seen a 12.5% compound increase in the same time-frame… There’s the reason…
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Mnt Goat (Dinar Guru) – Article quote: “…the Commission formally addressed the Presidency of the Council of Representatives to hold a special conference of national reconciliation and the introduction of those who want to contribute to the building the state and the new Iraq…” Remember this – No reconciliation thus No RV! I believe Iraq also needs the Investment law and Banking laws (already passed) and this too is holding back the RV but not needed for the “full” reconciliation. … there are also economic reforms that the government WOULD LIKE TO PUT IN PLACE too that can ensure a smooth transition to investors and international players doing business in Iraq prior to the RV.
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Kaperoni (Dinar Researcher) – Article quote: “Prime Minister Haidar Al-Abbadi said, the net oil revenues in next year’s budget draft 2016 “100% goes to staff salaries and retirees.” …all the revenue goes to pay state employees and that is why there is such an urgency now for a market economy to get additional sources of revenue and get citizens off the state payroll.
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Adam Montana (Dinar Guru) – I think Abadi has done a great job in reshaping the GOI. Maliki is small potatoes – he’s merely a gnat on Abadi’s shoelace at this point, and I think Abadi is working behind the scenes on bigger items. [any news on the HCL?] Strangely quiet at the moment…I’m hoping that’s the best news possible right now.
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wmawhite (Dinar Researcher) – Let me clarify…holding out is continuing to conduct business on the USD. But if Iraq wanted to continue on the USD Iraq would not be going through all of these painful changes. Based upon what the Board of Director of the Central Bank of Iraq, they are moving forward with the steps that are needed because of a change in value of the IQD. The change in the status of the IQD is nearing. Do not expect to be told in advance. Instead, the CBI will inform the world currency markets after the CBI makes the change. [post 2 of 2]
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DinarUpdates.com Round Table Chat (mid-day) 9-30-15
Thanks to Dinar Detectives for a post and Dinar Recaps for posting this in their BLOG
WELCOME TO ROUND TABLE AT DINARUPDATES.COM w/BGG
BGG: We’ve got BIG NEWS coming…
BGG: WE ARE DINARUPDATES!!
BGG: Ok – rcookie – where did you want to start off?? With the Maliki indictments??
rcookie: The evidence against Maliki and his clown car of criminals mount daily…He is ready for a fall!!….Just in the last couple days….
Read More: http://www.dinarupdates.com/showthread.php?21386-BGG-Round-Table-9-30-15
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wmawhite (Dinar Researcher) – [World bank about lend one billion to Iraq by the end of the year.] …these pedally loans are for the day to day operational needs of Iraq. The change in status of the IQD will enable Iraq to conduct business outside of Iraq. It will enable the CBI to “leverage” its currency. Such as, instead of paying 1166 IQD for $1 of expense…leverage to 1 t0 1. the sooner the IQD changes status the sooner Iraq can start leveraging its currency and using the international community to rebuild its country. Currently, Iraq is just treading water. How long can they hold out? Forever. However, they have told the world that they want off of the USD and use the IQD. [post 1 of 2….stay tuned]
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BGG – it appears…that Shabibi is the one who had the “legit goods” on Maliki and others… Maliki is trying to counter these reports of his outright theft with “counter-allegations” of huge bonuses and other perks. IMHO Maliki still has considerable power – it is still a very corrupt structure. However…they are making all these corruption issues with Maliki public now – because, of course, they intend to move against him soon… he’s still working to stay (on numerous fronts)…if they meant to keep him – why go public…short answer – they don’t…Maliki is throwing every vile accusation he can at the National Guard Law… it and the AML Law are the end of him…they have chiseled, and chiseled and chiseled… and he’s not as powerful as he once was. [Has parliament finally voted to dismiss the VPs?] not officially – (yet).
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Delta (Dinar Guru) – Maliki has been a “hot” issue in Iraq for a long time…but not lately. He used to give people money under the table. Abadi has eliminated those people. Maliki is out of power…and now he doesn’t have any money…so he is losing a lot of ground. Nobody listens to Maliki anymore. He has no support. He’ll get phased out just like the 3 zeros.
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9h9 hours ago
Bringing investment to Iraq BGG – Positive outlook on Iraq!!
Read More: http://www.dinarupdates.com/blog/ via @DinarUpdates
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Aggiedad77 (Dinar Guru) – Article: “Rapporteur of the parliamentary Finance: 2016 budget will arrive in Parliament on the tenth of next month” In the presence of a man who knows how big business should be run….I’m speaking of PM Abadi and how he attempts to run things on a tight schedule…the 2016 budget looks to be in the hands of Parliament maybe by the 10th of October…we shall see and certainly be surprised if it is…a budget of 113 trillion dinars on a deficit of 29 trillion dinars…how do they ever make ends meet.
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Adam Montana (Dinar Guru) – News right now on the HCL is scarce, but I actually like it that way. If we are to see a major change in the value of the currency, and it rests on a successful HCL, then we should not hope to see a lot of “news” or “tips” on it’s progress. The HCL, and then the RV, is something that will happen BOOM! or…”SUDDENLY”.
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wmawhite (Dinar Researcher) – Let me clarify……………holding out is continuing to conduct business on the USD. If Iraq wanted to continue on the USD, Iraq would not be going through all of these painful changes. The change in the status of the IQD is nearing. Do not expect to be told in advance. Instead, the CBI will inform the world currency markets after the CBI makes the change.
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MadDScout:
Statement From the PM Office:
“The Iraqi Government emphasises that the establishment of a cell in Baghdad with Russia, Syria, and Iran is solely to share information on Daesh in order to help Iraqi forces defeat the terrorist organisation and protect the people of Iraq. Iraq has not agreed to establish a military coordination cell with the said countries and any claim to the contrary is false. “
https://www.facebook.com/Haider-Al-Abadi-204803838632/timeline/
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Mnt Goat (Dinar Guru) – They have to make some kind of “reconciliation” or they will NEVER join the international community. Pressure is just too great from the USA and GB not to conclude this sooner than later. This they want and need so desperately. They also have until early 2016 to get their act together to get fully out of chapter 7 sanctions. This deadline is fast approaching. This was a deadline imposed by the UN of 10 year sanction release period. Now it’s time for Iraq to turn the page and to experience the full blessings and abundance that can come from the proper use of all their resources once applied to the global markets. It is my opinion the time is now. The clock is ticking. [post 2 of 2]
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Adam Montana (Dinar Guru) – [I have heard that Iraqi Citizens are able to use Mastercard and Visa outside Iraq, with an RV amount for those transactions. I would think that would mean there was an RV amount inside Iraq. Can you verify this?] I am in constant contact with folks there – if there was in in-country RV of ANY kind, I would know and I would definitely share that information… I do not believe an “in-country RV” is something we need to worry about. I give that scenario less than 1% chance.
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Mnt Goat (Dinar Guru) – I suggested many months ago…the USA will not give full military support to Iraq until they get what they want. So what did the USA want? …the USA is going to get certain needed reform laws from Iraq, an in return Iraq will then get the military backing and full support of USA led coalition to fight ISIS. Iraq can then move on to getting the “full” reconciliation it needs going forward. So we might have to wait a little bit longer to see how this all plays out but I believe we are getting closer than ever to the RV. I am talking maybe weeks at tops not months. [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction 01-10-15
Currency Auctions Announcement No. 3045 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 01-10-2015
The results were as follows:
| DETAILS |
NOTES |
| Number of banks |
26 |
| Number of remittance companies |
9 |
| Auction price selling dinar / US$ |
1166 |
| Auction price buying dinar / US$ |
—– |
| Amount sold at auction price (US$) |
223,122,249 |
| Amount purchased at Auction price (US$) |
—– |
| Total offers for buying (US$) |
223,122,249 |
| Total offers for selling (US$) |
—– |
More: http://dinarupdates.com/blog/
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Admin Bob (Dinar Site Admin) – From time to time rumors come up of another CBI website which usually they turn out to be fake or some old site. But today, a website came to my attention that sat idle for years and only this month was updated with a format that appears to be indicating that the CBI is planning international commerce. It is very promising to see this site. [cbiraq.org]
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Millionday (Dinar Researcher) – THE NATIONAL RECONCILIATION CONFERENCE IS STILL IN THE MAKING AND NOT BEING HELD UP. [Is there a time-line for the Reconciliation Conf.?] NOT AN EXACT DAY YET. IM SEARCHING FOR GOVERNMENT NEWS. I JUST DONT SEE THE LAWS WE THOUGHT WE WOULD SEE TODAY [TUESDAY]. [are we waiting for these laws to be voted on…?] NO — I DO NOT THINK WE ARE WAITING FOR THESE LAWS TO SEE ECONOMIC REFORM TO BE DONE… I THINK THAT THE NATIONAL RECONCILIATION CONFERENCE IS EXPECTING THEM TO BE DONE. THEY ARE TRYING TO REFORM THE COUNTRY ALL AT ONCE — THEY HAVE WORKED HARD ON THESE LAWS AND THEY ARE ALL IMPORTANT. THERE ARE MANY LAWS THAT ARE RELIANT ON THE OTHERS.
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Frank26 (Dinar Guru) – The 2016 budget wants to come out by Oct 10th…no later than Oct. 14th. Abadi is trying to change things. He is cutting the power positions and in terrorism. The GOI is passing laws like crazy but we haven’t seen the National Guard Law yet. We need the National Guard Law…it will be extremely important. Many laws (well over 100) are coming. It may take all week before we find out about all of them. The Gazette is getting ready to print a lot of laws right now. Amazing…so many things happening so fast at the end of 2015.
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Millionday (Dinar Researcher) – Article: “Rafidain Bank deliberately to rehabilitate its branches at home and abroad, and the introduction of modern technologies in the banking business in line with the reforms announced by the government package.” SO THE RAFIDAIN BANKS HAVE MET ALL LAWS AND REGULATIONS FOR EACH COUNTRY THEY ARE IN — THEY MEET INTERNATIONAL COMPLIANCE AND MEET REFORMS AS ORDERED.
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Delta (Dinar Guru) – I believe that we will see the monetary reform before the end of this year. My team…99.99% something will happen before the end of the year. I was told that they really have to get moving very fast. They are standing behind the target date before the end of the year.
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EXOGEN (Dinar Guru) – MANY INTEL CALLS COMING IN TODAY RANGING FROM ABSOLUTELY INSANE TO 100% LOGICAL. TODAY WE HAVE HEARD SOME VERY EXCITING UNSUBSTANTIATED RUMORS RANGING FROM VERY INTERESTING, TO EVEN EXTREMELY CREDIBLE SOURCES. AS WE STATED APRIL 30, 2015 ACTIVITY SHOULD POTENTIALLY PICK UP IN OCTOBER, AND WE ARE NOW APPROACHING THAT WINDOW. THE GLOBAL FINANCIAL ARCHITECTURE AND CLIMATE HAS DEFINITELY CHANGED WITHIN THE LAST COUPLE OF DAYS…SOMETHING IS DEFINITELY HAPPENING IN THE FINANCIAL WORLD ON AN ELEPHANTINE & COLOSSAL SCALE TO FIX GLOBAL ECONOMIES.
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World Bank: We are working to lend to Iraq billion dollars by the end of 2015
[Baghdad-where] World Bank Vice President for the Middle East and North Africa Hafez Ghanem said on Tuesday that the bank is working to lend to Iraq billion dollars by the end of 2015.
A statement by the Iraqi Ministry of Foreign Affairs received by all of Iraq [where] a copy of “Foreign Minister Ibrahim al-Jaafari met with World Bank Vice President for the Middle East and North Africa the sidelines of the United Nations General Assembly in New York, in search of the World Bank’s work and the support that could contribute to its mitigation mechanisms from the lower oil price crisis, and its impact on development in Iraq…
Read More: http://dinarupdates.com/blog/
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Aggiedad77 (Dinar Guru) – …our great Dr. S [Shabibi]…is finally speaking out on his own…and speaking quite loudly to the fact concerning Maliki’s corruption and theft from within the CBI…Right out from under the noses of the Iraqi people…he stole to line his own pockets and to build mansions and the like for his golden days…well the time is coming that his golden days will be spent in an 8 x 10 “castle” of a room… …why is he now speaking out…SECURITY… of course….he feels like things are coming into place as he wants and he feels much safer to point the finger towards the party who is most guilty…Maliki...watch for more on this in the coming days…Maliki’s days are short…shorter than 91 days I would predict.
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Frank26 (Dinar Guru) – According to Teams Dr. S [Shabibi] is impressed. The banks are happy. Technology improves. Iraq is building a lot of banks inside and outside of Iraq right now. A lot of these banks will be loaded up with a lot of money which will need LAWS in order to loan that money to the citizens. Dr. Shabibi’s banks are back! And in my opinion, they are soon to be in his control and will pop-up like mushrooms in the morning hours. The baby-banks of Dr. S are important because they will launch the economic reform and the private sector. The bonds didn’t work at 1166. The experiment failed – which will force Iraq to finish the monetary reform.
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tman23 – The violence in the big cities will require security first before any monetary reform or investment takes place…Six people killed and eight wounded since Monday…in the countrys third largest city…SO NO RV UNTIL THESE EVENTS ARE UNDER CONTROL AND THAT WILL TAKE THE NATIONAL GUARD LAW BEING PASSED.
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Commercial Solicitation
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Throwback Thursday
The Exchange Rate of Foreign Currency in Economic Feasibility Studies
Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.
Estimate the shadow price of foreign currency:…
3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
Read More: http://dinarupdates.com/blog/
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BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – The prime minister Haider al-Abadi, said on Monday that Daash has become a common threat to Iraq and Russia, with Russian President Vladimir Putin said his country’s full support for Iraq in its war against terrorism.
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He confirmed a member of the parliamentary legal committee smile Hilali advisers that the draft law to be passed after the Eid holiday in the House of Representatives includes the appointment of five advisers for the three presidencies and three ministers, governors, saying that approval of the law will reduce the enormous number of advisers state officials.
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – the parliamentary finance committee member Husam punitive reported the existence of multiple files and the names of dealers, contractors and banks involved the crime of money laundering.
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