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

Word for the day…

Matthew 5:16 (NKJV)

16 Let your light so shine before men, that they may see your good works and glorify your Father in heaven.

Heavenly Father, Thank You that You are the Father of lights! Let everything we do glorify You in heaven! 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 – 11.09.2015

http://www.cbi.iq/

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One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. – Plato

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*** Current Posts ***

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Mnt Goat (Dinar Guru) – So far we are seeing everything is on path for a late Dec 2015 or early 2016 RV window of opportunity. We are now into the second week of November already and I we see this movement to get the budget completed going on. As we inch our way towards December the progress we have been long awaiting is happening each week and all is looking very good.  Iraq is targeting Dec 1st to complete the budget and have it passed thru parliament.  2015 told us about the plan to use the new 50k and 100k notes. Said they would launch the 50k notes before the end of 2015.  These notes are not part of the provisional post war notes but will coincide with the new permanent money of minted coins and lower denominations.  We must watch and wait for them to launch these 50k notes as a sign the RV is close at hand.   [post 1 of 2….stay tuned]
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Frank26 (Dinar Guru) – THE HOLY MEN IN IRAQ ARE BEING LED BY THE #1 HOLY MAN SASTINI AND BARKING AT THE PARLIAMENT TO GET OFF A’S [ABADI’S] BACK AND IMPLEMENT THE REFORMS WHICH THERE ARE MANY OF.  THE MONETARY REFORM IMO…BEING THE MOTHER OF THEM ALL RIGHT NOW.  THESE HOLY MEN ARE HIGHER THAN ANY COURT IN THE LAND OF IRAQ RIGHT NOW.  THEIR RELIGIOUS FEAR IS SUPERSEDING ANY REMNANTS OF A DISINTEGRATED REGIME OF MALIKI’S OLD  FEAR.   SATURDAY MY OPINION WAS THAT THE LD’S HAD LEFT THE USA.
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Kaperoni (Dinar Guru) – ...Maliki and the CoM were the problems/holdup under Shabibi holding up everything he tried to do.  In fact, once stating..”we demand…”  So IMO the CoM is very important.   The very fact the CoM is on board (it appears anyway) is a great thing!
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BGG – Article quote:  “the Council of Ministers may ask the Central Bank “soon” to leave the currency auction and resorting to “float the dollar”; because according to sources provides state what it called “significant returns Dinareh”, to feed the state treasury, the dollar exchange rate…”  While I am not sure it’s going to be some measure of a “float” (though it may well be what they finally resort to)… what is VERY INTERESTING is the timing. …it fully appears they are headed towards some currency adjustment with the intent of bridging this budget gap…  It sounds like to me – (the “float” term could mean several things)… they are intent on something happening soon.  …my opinion (and that is all it is…) – if such an event occurs – it will likely move up very quickly (relatively speaking, of course)…IMHO – it won’t take long to reach a realistic value (and that is what would help their budget).
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Stryker (Dinar Guru) – “Parliament agenda number 35 Tuesday 10 November 2015.”  “Fifth: The first reading of the draft general budget of the Federal Republic of Iraq for fiscal year 2016 (the Finance Committee, the Legal Committee). (Article 38).”  URGENT: 2016 BUDGET IS ON PARLIAMENTS AGENDA.
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Follow us on twitter @DinarUpdates !!

Don’t Miss “NEWS TIME” in the DU CHAT ROOM – Tuesday (MD had to work tonite) evening at 7:30pm EST!!

www.DinarUpdates.com – save as favorite!!
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tman23 (Dinar Guru) – They have the AML and Investment Law…But neither is activated…They have the salary ladder hanging … and there is 2 things we are missing (do not know exactly what they are) for the “five axes” to the reforms… Then Abadi will announce the SECOND PHASE… I am assuming the second announcement will be BIG.
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Enorrste (Dinar Guru) – Article quote:  “the Council of Ministers may ask the Central Bank “soon” to leave the currency auction and resorting to “float the dollar”   So now we have the finance committee in Parliament (at least Jabouri), the Council of Ministers, the IMF, and the CBI all on the same page.  There is no more serious talk of not moving to the float.  Instead, the talk is essentially one over timing.  Saleh is insistent, and correct, thatthe final decision with regard to timing is in the hands of the CBI.  They are on records with several recent articles now stating that they wish to reduce the money supply in Iraq.  This can only be done with the raise in the value of the dinar.  Those few who are pushing for the float so that the value of the dinar will go down are, to put it nicely, ignorant as to how the process works.  As long as the CBI is in charge the value will not be allowed to fall, period.   Therefore, I am still cautiously optimistic that the float will commence before the end of the year or early in 2016.
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DinarUpdates.com News Time Chat 11-08-15 PM Part 2 of 2

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

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

Millionday: NOTE — SOME BANKS DID NOT FOLLOW REGULATION SO THEY WILL HAVE TO MEET ORDERS GIVEN DUE TO THIS BEFORE THEY MAY GO FORWARD— LEGAL ORDERS

Millionday: The statement said that” Among those actions prosecution by Iraqi courts in addition to his imposing heavy fines and being Asthsalha now, “noting that” the bank’s audit teams continuing to work in this field with the coordination and inform the competent judicial authorities offenses or values the amounts obtained for this purpose.

Millionday: “It is noteworthy that the Iraqi Central Bank decided, in (June 9, 2015), depriving the 14 banks from entering the window buying and selling foreign currency, as he emphasized that depriving these banks will continue until the payment of the amounts discharged.
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Read More: http://www.dinarupdates.com/showthread.php?24272-Millionday-News-11-08-15
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Mike (Dinar Guru) – Article:  “Dr.. The appearance of Mohammed Saleh *: savings imbalances in Iraq: vision diagnostic **”    It’s pretty clear that Saleh understands what’s going on…   Like Saleh said…borrowing won’t work and they can’t change the price of oil, the only thing they can do is get the economy up and running.  I just don’t see how they can do that without an internationally accepted currency to purchase imports with and the tariff’s to protect those brave enough to start businesses in Iraq.  
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tman23 (Dinar Guru) – Abadi will announce another turn…AGAIN…the next announcement will have to be something to do with the 3 zeros…and this will need a rate…and this will have to come before the start of 2016.
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Iraqi Dinar/Dollar auction (most recent listing) 11-09-15 

Currency Auctions Announcement No. 3068

This daily currency auction was held in the Central Bank of Iraq on the 11-09-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) – The Investment Law passed the house/parliament a week and a half ago. The HydroCarbon Law is already a law and has many parts to it that still must be negotiated for implementation.  [whats next in this ” Investment”?]    They have told us…continue reforms and “activate the private sector.”…IMO.   also, by reading the articles from this past week there was one central message from everyone… “We do not have time to waste…we must change now.”
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Frank26 (Dinar Guru) – This morning another Iraqi Cleric went on Iraqi TV — (but this guy is kind of a bad guy who has been a pain to the USA for the last 12 years)  but it appears that even he has joined Abadi and Sastani…as he has stated on TV through the mosques…said they had a “pow-wow” last night and there is real change coming to Iraq…that reforms would need to get done …and parliament needs to get the reforms done.  All of the sudden everyone has turned 180 degrees and are now supporting the reforms.
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Enorrste (Dinar Guru) – It also confirms, again, that the CBI longer term strategy is to reduce the total money supply and raise the value of the dinar.  Unfortunately…the lack of political will seems to turn this into a snail’s pace operation. We can only wait. I am heartened that the goal is still in place, though, and I personally believe that we will see movement either by the end of this year or early next year.   [post 3 of 3]
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DinarUpdates.com News Time Chat 11-08-15 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: Ministry of Oil continue its consultations to amend the contracts for the international oil companies operating in Iraq, in light weights because the amendments include participation b »profit and loss».

A spokesman for the Oil Ministry, Assem Jihad, in the interview that «the ministry is continuing in consultation with international oil companies operating in Iraq, to review the licenses obtained by decades », indicating that« includes a review held every oil field on the unit to reach a new agreement on it achieves the benefit of both parties, according to the understanding between them ».

Millionday: NOTE — THE OIL CONTRACTS WERE UNDERSTOOD TO BE AMENDED DUE TO UNDERSTANDING BETWEEN THEM — THE AMENDMENTS ARE ABOUT PROFITS AND LOSS — FIGURES
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Read More: http://www.dinarupdates.com/showthread.php?24272-Millionday-News-11-08-15
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Enorrste (Dinar Guru) – Artricle quote:  “He said that the reduction option easy, but it does not help in the reform of the structural problems, and the local currency is good for exporting countries cut to stimulate exports. He added that “Iraq importing country, and to reduce the currency hurt the purchasing power of citizens with limited income.”  Here we see that the CBI is specifically rejecting the suggestion to devalue the currency, even though it may appear on the surface to be an “easy fix” in terms of bringing more money to the GOI. The fact that the suggestion is rejected is very positive for our investment. It shows that the CBI is not about to go one step backward prior to moving forward. [post 2 of 3….stay tuned]
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Stryker (Dinar Guru) – This shows that Iran doesn’t have the influence over Abadi that they had over Maliki and also shows that Abadi won’t be pushed around by Iran. With PM Abadi’s formation of a new parliament coalition, along with his support of from the highest clergy in Iraq and all the talk and need for currency reform, Iraq just may have what it takes this time to see it all through. One thing for sure, a new non-sectarian national unified Iraq will have the best chance of seeing the 2016 Budget passed before the end of this year and the launch of Iraq back into the economic global community in 2016 as well. Both something Iraq is long over due for!   [post 2 of 2]
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Enorrste (Dinar Guru) – Article quote: “…the sale process of the dollar means the withdrawal of the dinar from the local market, which will help the bank to curb money supply and reduce the resort to printing more currency.“  This is consistent with the CBI stated goal of reducing the money supply. As the money supply drops the value of the dinar will rise, over time. The introduction of the 50000 dinar notes does not affect this process…because the introduction is an “even exchange” in which two 25000 notes are replaced with one 50000 note. Thus the introduction itself has no effect on the money supply.  [post 1 of 3….stay tuned]
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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:…

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 – see first post in this Thread: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

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

Word for the day…

2 Corinthians 3:17 (NKJV)

17 Now the Lord is the Spirit; and where the Spirit of the Lord is, there is liberty.

Heavenly Father, Thank You for Your Grace & Mercy! Thank You for our liberty in Christ! 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 – 11.08.2015

http://www.cbi.iq/

______________________________________________________________

It’s not the size of the dog in the fight, it’s the size of the fight in the dog. – Mark Twain

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*** Current Posts ***

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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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Stryker (Dinar Guru) – Here’s some great news to wake up to on this Sunday morning:  Prime Minister Abadi is forming a new political front made up of a 200 seats in parliament that involves Shiite, Sunnis and Kurds alike. In other words he looks to be building a new non-sectarian national unity in Iraq, free of corruption and a government for the people! This has been part of Prime Minister Abadi’s new government plan for some time now, as confirmed by my research…   Also in the news today, Prime Minister Abadi rejects Iran’s Quds Force Commander, Qassem Soleimani request to retain Nuri al-Maliki as Vice President of the Republic.  [post 1 of 2….stay tuned]
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Breitling (Dinar Guru) – Forget about the HCL…it has nothing to do with the value of the currency or them reducing the note count or on policy with the currency itself.  People are in panic mode cause they can’t find the receipt for their dinar…they can’t find the certificate that says they’re legitimate.  You don’t need any of that stuff.  Back in the day people thought that buying dinar was like buying a stock, that if you had it longer than a year you’d be taxed at a different rate.  That’s not true.  It’s ordinary income.  So it doesn’t matter if you’ve had it for a day or ten years you get taxed exactly the same…as ordinary income…that’s final.  that’s what it is.  So you don’t need a receipt and you don’t need a certificate saying that your currency is currency.  don’t worry about it.
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firefly (Dinar Guru) – Reuters quote:  “The need to protect the constitution and the law must not be used by the legislative or any other authority to circumvent or delay the reform steps,” Grand Ayatollah Ali al-Sistani said through an aide.”   Iraq’s Sistani warns parliament not to circumvent reforms. Combine the US congress, the Senate and our commander and chief and they still don’t come close to the power of Sistani.  Have to remember the mindset of the ME region…1st comes Religion Then the government.   So far, EVERYTHING Sistani has demanded has been DONE. They have run out of time IMO. Anything is possible now!  I like what I’m seeing!  We have never seen this kind of movement in Iraq…ever.  (This is Reuters folks!  Reuters is a very respected news source world wide with a reputation to uphold. They don’t put out misinformation. Forex also gets their feed from Thomas Reuter.  Reuters was also the 1st paper to tell the world about Kuwait.)
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Iraqi Dinar/Dollar auction (most recent listing) 11-08-15 

Currency Auctions Announcement No. 3067

This daily currency auction was held in the Central Bank of Iraq on the 11-05-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) – The EAGLE HAS LANDED!  IOSO (in our strong opinion) the LD’s have left the US and the Kurds should be happy with their language on them. And wait until you see the coins. With the LD’s they are Article 8 qualified which will mean they will only be using their own currency…no more USD’s.  we believe that Dr. Shabibi will tell the world. We believe that he will continue to supervise everything…  When Iraq amends their laws…the open market economy can begin.  This won’t happen at 1166. There is no point of a market economy at 1166.  Abadi is on the move with the monetary reform as of NOW!  The month of November will become one to remember.  IMO we are extremely close!   [post 3 of 3]
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Frank26 (Dinar Guru) – We talked with iTeam and they thought it was interesting that the former Secretary of State said that they were guarding some currency and then 1-2 days later they moved them!  They moved the Lower Denoms!   (IMO)Chronologically things are moving according to plan. YESTERDAY it happened again. Sastani was on Iraqi TV…he was calling out parliament…talking directly to the camera…telling them to stop the procrastination and implement the reforms now!  There was a meeting on the 5th between us (USA) the IMF and Iraq…and the 5 Trillion…which is not a loan…it’s the LD’s!  We think that by December that the banks will have the money to “loan” to the citizens.  [post 2 of 3….stay tuned]
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Frank26 (Dinar Guru) – THE EAGLE HAS LANDED!  The LOWER DENOMS are no longer in the United States (IMO)…they have moved!   When the Arabs hear their holy man…they listen. When Sastani started to talk to the citizens and to the GOI things started to move…laws were moved along…voting done…in record time. Now the HCL comes to the surface…especially the 4th part that will help the citizens.  The Iraq Cleric came out about 2 -3 days ago and said on the TV…broadcast into the mosque…verified by our Teams and [Guru] Delta...the Iraqi Clerics are DEMANDING the reforms!  [post 1 of 3…stay tuned]
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Follow us on twitter @DinarUpdates !!

Dinar Updates ‏@DinarUpdates

Seminar on the central bank auction and determine the foreign exchange rate

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

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firefly (Dinar Guru) – Sistani, who is revered by millions and has unmatched prestige in Iraq, has played a key role in supporting reforms by calling for the government to carry them out, giving Abadi the political cover to move forward with changes.  You simply don’t mess with Sistani!  He is for the reforms.  He also has Abadi’s back!  I’m expecting things to move even faster now!
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Mike (Dinar Guru) – Stopping the auctions and implementing the tariff’s would clear up a ton of financial corruption.  Purchasing imports with the dinar would eliminate the need for dollars and the good ole boy network wouldn’t exist any more, everyone would have access to purchasing Turkish tomatoes without going through the auction process.  I honestly believe that’s why we haven’t seen changes yet to the currency, there’s too many wealthy Iraqi politicians making money off the existing system, the last thing they want is a fair, balanced and transparent system to compete in, the auction game is rigged for their benefit.  [post 2 of 2]
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Mike (Dinar Guru) – At the minimum, Iraq could raise the rate 30-40% and move to Article VIII.  This would allow the government to implement the taxes and remove the subsidies for the ration card and fuel products and satisfy the WB and IMF’s requests.  The citizens could afford the increase because of the off set raising of the value and then Iraq could begin to move forward on monetary and economic reform as well as reap the rewards of an additional revenue stream not attached to oil.   I hope that’s not the way they go, but at this point, any forward movement for me is welcomed, continuing to flounder around and watch the reserves dwindle isn’t the answer, that much I know.  It’s pretty clear that if they unpegged from the dollar and floated the dinar today, the value would drop, maybe as low as the projected 1500-1, which would be disastrous for the citizens.  [post 1 of 2….stay tuned]

BGG ~ This is not a realistic analysis. According to my sources – even if they float, no one expects it to retreat (no matter what the Iraqi naysayers put out)…

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DinarUpdates.com News Time Chat 11-06-15 PM Part 2 of 2

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

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

Millionday: THIS CONFERENCE IS TO SET THE INTERNATIONAL RATES — WHEN OR HOW MUCH I DONT KNOW THOUGH HUN

Millionday: THERE IS NO WAY TO KNOW MORE THAN WHAT IS IN THIS INK BUT IT SURE IS EXCITING — WHOOPOW

quicktolegit96: when is the conference again?

Millionday: THIS IS ALREADY DONE

Millionday: HERE IS MORE ON IT

Millionday: The joy of pumice in a move aimed at supporting government reforms recently launched, plans and ensure its implementation aspects, Iraqi Economists Association held an economic seminar dealt with the obstacles and difficulties that stand in achieving the goals that serve the interests of citizens.
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Read More: http://www.dinarupdates.com/showthread.php?24167-Millionday-News-11-06-15
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Breitling (Dinar Guru) – ...simply because of some of the maneuvers they are using, they can’t hide anymore.   What are they maneuvering?  They are lowering the note count and there is a ripple effect.  Some positive some of it’s negative.  Some people don’t know what’s going on so they’re saying “Hey, we should put some more dollars in because there is not enough liquidity in the markets for the people to spend and buy and for their economy to move.”  They don’t realize that the CBI has an agenda.  They are going to add value to their currency and to do that they have to take the US dollar out.  The CBI can bring the US dollar in and they can bring the US dollar out.   It’s called [indirect tools] it’s not the natural market.  This is very exciting!   [Post 2 of 2]
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Breitling (Dinar Guru) – Have not seen articles like this is a very very long time…”the central bank is the only body that pumps dollars for the domestic market which creates confusion…” this is a very very bold statement.  The reason it creates confusion is cause the people in Iraq have not figured it out…they don’t know why the value of their currency is rising and it’s because of the US dollar.  Why are they throwing US dollars into their economy when they have their own currency?  Well you and I know.  this makes me very very happy.  It’s coming to an end.
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Millionday – Seminar Title:  “Friday, November 6, 2015  Iraq Exchange Rate: Seminar on the central bank auction and determine the foreign exchange rate”  THIS IS ALREADY DONE. THIS CONFERENCE IS TO SET THE INTERNATIONAL RATES — WHEN OR HOW MUCH I DONT KNOW…THE ACTIVATION OF THE IRAQI REFORM IS EXPECTED TO PUT IRAQ BACK IN THE RANKS OF ECONOMICALLY POWERFUL COUNTRIES.  [in your opinion do they only have one thing left to do?]   IMO — THIS COULD HAPPEN AT ANYTIME.
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wmawhite (Dinar Guru) – …when you return from Europe with Euros, or when you return from London with the Great British Pound, or when you return from Japan with the Yen, and you go into a bank that accepts foreign currency, does that bank pull out a De La Rue machine to check your Euro, GBP or Yen?  No they don’t and they will not when you exchange the IQD either.  [When the IQD gets value all banks with foriegn currency will exchange it. Right?]  Not necessarily so…and here is why…go to St. Maarten and those banks accept the USD, Canadian Dollar the Euro and GBP…and why? Because there is a market (tourists).  They don’t exchange the Yen because no visitors from Japan…no market.  …banks choose what currency they want to exchange just like any other product.  [We just might have to travel some distance.]  I agree totally with you about that…may have to travel.

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DinarUpdates.com News Time Chat 11-06-15 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: FIRST WHAT ARE WE WAITING ON THE INTERNATIONAL RATES TO CHANGE – RIGHT ?

Millionday: WHOOPOW

Millionday: FIRST SENTENCE >>>>>>>>>>>Seminar on the central bank auction and determine the foreign exchange rate

Millionday: NOW HERE WE GO

Millionday: Governor of the Central Bank of Iraq Ali Mohsen Keywords announced that the nature of the Iraqi economy Reclining on oil resources, make the relationship between fiscal and monetary policy, including an interactive relationship necessitated by the nature of the revenue and expenditure of the pricing of the dollar.
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Read More: http://www.dinarupdates.com/showthread.php?24167-Millionday-News-11-06-15
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Frank26 (Dinar Guru) – Abadi and his supporters…are NOT changing the budget! They just voted on it…passed it…and the HCL is inside of it.  THIS IS A FIRST…THIS IS HISTORICAL!  The evidence of 1 to 1 is pretty obvious…the GOI approved a new salary scale…which works out to a 1 to 1 ratio. The GOI is doing just things…especially with their ministers (and their pay scales) – as they work to accomplish entering into the international world with a new rate.  [post 2 of 2]

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Kaperoni (Dinar Guru) – Article quote:  “…former Planning Minister Mehdi al-Hafez, pointed out that the national need not require the continuation of the so-called dollar auction, organized by the «Central», but must be handled freely and without restrictions.”   …Mehdi al-Hafez is a big player in the economic plan in Iraq.  He is usually at most events.  And he clearly wants to end the auctions and let the dinar float.  Hopefully with all these experts/specialists speaking out, we can get the show on the road soon.

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Frank26 (Dinar Guru) – Today there was a meeting…they can’t have anymore money.  Aug, Sept, and Oct went by without their usual lump of cash to keep them going.  We are in total control of what is going on in there…  We have too much invested.  No more USD…no more foreign currency…they need to grow-up and guess what on the 5th of November Iraq will meet with the IMF in Jordan and prepare for the “grand-opening” day.  Who gives money to Iraq? The IMF and the USA.  The BILLIONS that are about to be given to Iraq…will enter Iraq for a completely different purpose (not to pay their bills) but to be distributed to the “BB” [Dr. Shabibi’s baby banks]. These will be used to loan money to the citizens to help build the country, businesses, etc.  [post 1 of 2….stay tuned]

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Dinar Updates ‏@DinarUpdates

Iraq’s top Shi’ite cleric warns parliament not to stall Abadi’s reforms

http://www.dinarupdates.com/blog/ 

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firefly (Dinar Guru) – Countrys getting loans just prior to a currency increase is common practice and history.  A bank will not loan one money unless they feel the loan can be paid back!  11666 will NOT fill that obligation!  IMO, the time for talks and debates has come to an end.
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Mnt Goat (Dinar Guru) – They now have a fixed currency already. They already tried floating their currency and put it back on a fix. They have done this many times already…   The problem is they are still technically in sanctions from Article 8 of the UN war sanctions against Iraq.  Until they get their currency returned to them to the international/global arena they will remain in article 8, float or fixed it does not matter.  They need a “real” currency and not this play money. What we are looking for is for them to tell us they are launching the lower denominations notes, or  launching of the 50k / 100k notes or the continuing with the “project to delete the zeros” or the re-pricing the dinar against all international currencies and not just the US dollar.  Are they planning to go international?  Yes… the bottom line is they still have to do something with the currency first and they must realize eventually it is going international.
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BGG – RUMOR: Chalabi was about to go on TV and expose Maliki along with the rest of the corruption….
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Follow us on twitter @DinarUpdates !!

Dinar Updates ‏@DinarUpdates

 

Chalabi “delivers” the religious authority file [of] corruption before day of his departure

http://www.dinarupdates.com/blog/

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Poppy3 – THEY HAVE ALWAYS MENTIONED A MEDIAN RATE THEY CAN MAINTAIN … WHAT IS THAT RATE…NO ONE KNOWS YET BUT IT WILL HAVE TO BE SUBSTANTIAL TO FULFILL THEIR BUDGETS AND PAY LOANS ALONG WITH RESTITUTION LEFT UNPAID.  I AM CONVINCED PERSONALLY THAT RATE WILL BE CLOSE TO $3.00 PLUS. THIS IS MY OPINION ONLY BUT BASED ON STATEMENTS MADE BY SHABIBI AND HE IS STILL THE ONLY IRAQI THAT I CAN SAY NEVER LIED TO THE PEOPLE OF IRAQ AND US IN MY 12 YEARS OF FOLLOWING.
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Enorrste (Dinar Guru) – Therefore, I believe it is reasonable to conclude that, ultimately, this movement is being driven by the IMF and that they, along with the CBI, who are in the same pea pod as the IMF, have sold Abadi on the entire plan. Now we know that Abadi has sold his “reforms” to Parliament. In short, the ball is moving and I believe it will move quickly. Saleh has already been on record that the beginning of a year is the proper time to make this sort of major advance (the float). To conclude, these reasons bolster my view that we will see the float in early 2016.  [post 2 of 2]
______________________________________________________________

Enorrste (Dinar Guru) – I believe that Abadi has sold his program to the Parliament and that program is the CBI plan to raise the value of the dinar. This means that for the first time we have all of the major players on the same page, irrespective of Maliki’s attempt to meddle in the process.  I see forces moving that cannot be stopped easily.   Furthermore, if you recall, it was the IMF who insisted that the Investment Law be passed before the end of October, and it was, barely. It was also the IMF that stated unequivocally that Iraq would “enter the world market” in early 2016.   [post 1 of 2….stay tuned]
______________________________________________________________

tman23 – There are soooooo many studies completed by Ivy League schools And all of them that I have read come to a similar conclusion.  The conclusion is that a country entering a market economy and becoming an emerging market would find that floating it’s currency would be high risk and ultimately a disaster…AND foreign investment views a floating currency a high risk and large hedge fund managers and public traded companies would not take the high risk as they find the float unfavorable.
______________________________________________________________

Adam Montana (Dinar Guru) – I’m getting some positive messages from my contacts regarding possible movement on this.   HCL is definitely a hot item right now... excited to see how this proceeds.
______________________________________________________________

firefly (Dinar Guru) – Abadi is smarter!  Always 2 steps ahead of Maliki.  Maliki could make all the noise he wants. He has no power and his followers are too few to count and diminishing daily.  They have the goods on him. There is a reason the axe hasn’t fallen yet.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing – from) 11-05-15 

Currency Auctions Announcement No. 3067

This daily currency auction was held in the Central Bank of Iraq on the 11-05-2015

The results were as follows:

DETAILS	NOTES
Number of banks	23
Number of remittance companies	16
Auction price selling dinar / US$	1166
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	178,835,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	178,835,000
Total offers for selling (US$)	—–

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

Mnt Goat (Dinar Guru) – …this past week there was much news again. Yet more news of the long awaited laws dealing with implementing the Abadi reforms.   I have talked about these laws and why they were important prior to any RV. Now we have a few of them remaining and we find a deadline of Dec 1st to complete. The HUGE news, the hot off the press news now is all about doing something with the Iraqi currency. This is all good and what we need to be hearing. We need to hear it because we all should know by now they NEED to get off the post war, UN sanctioned, provisional currency and go international. Iraq needs to get fully out of Chapter VII sanctions and article 8 provisions shutting down their currency from the international trading is the only thing left. 
______________________________________________________________

Frank26 (Dinar Guru) – they were going to do this in March..but they didn’t do it because of lack of stability…then by July again Shabibi says no…look at security…so they didn’t do it…Dr. Shabibi and Abadi got to work just after July…by Sept you see so many things being accomplished by Abadi and Shabibi…Yesterday Abadi said we are 100% secure here in our country…now…look to early October…the Unity Card…the amendments of the laws…removal of terrorism…the removal of bad cabinet members…they did it all...now we are in November which will show a plethora of information…what they said yesterday we confirmed that three months ago…their intent was to remove the US by 1/1/2016.   I think we need to see the removal of the USD in Iraq….the removal of Maliki before we see the raising of the currency rate.  There are many changes in Iraq…SECURITY, STABILITY, but no PROSPERITY at 1166…
______________________________________________________________

Frank26 (Dinar Guru) – they were going to do this in March..but they didn’t do it because of lack of stability…then by July again Shabibi says no…look at security…so they didn’t do it…Dr. Shabibi and Abadi got to work just after July…by Sept you see so many things being accomplished by Abadi and Shabibi…Yesterday Abadi said we are 100% secure here in our country…now…look to early October…the Unity Card…the amendments of the laws…removal of terrorism…the removal of bad cabinet members…they did it all...now we are in November which will show a plethora of information…what they said yesterday we confirmed that three months ago…their intent was to remove the US by 1/1/2016.   I think we need to see the removal of the USD in Iraq….the removal of Maliki before we see the raising of the currency rate.  There are many changes in Iraq…SECURITY, STABILITY, but no PROSPERITY at 1166…
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

______________________________________________________________

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 – see first post in this Thread: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

1 Corinthians 15:58 (NKJV)

58 Therefore, my beloved brethren, be steadfast, immovable, always abounding in the work of the Lord, knowing that your labor is not in vain in the Lord!

Heavenly Father, Thank You for the beloved body of Christ! Thank You for the work You have given us. In Jesus Name, Amen.

Mrs BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 11.06.2015 (no change as of 11/05)

http://www.cbi.iq/

______________________________________________________________

Every man is a damn fool for at least five minutes a day. Wisdom consists of not exceeding the limit. – Elbert Hubbard

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates ‏@DinarUpdates

Iraq’s top Shi’ite cleric warns parliament not to stall Abadi’s reforms

http://www.dinarupdates.com/blog/ 

______________________________________________________________

firefly (Dinar Guru) – Countrys getting loans just prior to a currency increase is common practice and history.  A bank will not loan one money unless they feel the loan can be paid back!  11666 will NOT fill that obligation!  IMO, the time for talks and debates has come to an end.
______________________________________________________________

Mnt Goat (Dinar Guru) – They now have a fixed currency already. They already tried floating their currency and put it back on a fix. They have done this many times already…   The problem is they are still technically in sanctions from Article 8 of the UN war sanctions against Iraq.  Until they get their currency returned to them to the international/global arena they will remain in article 8, float or fixed it does not matter.  They need a “real” currency and not this play money. What we are looking for is for them to tell us they are launching the lower denominations notes, or  launching of the 50k / 100k notes or the continuing with the “project to delete the zeros” or the re-pricing the dinar against all international currencies and not just the US dollar.  Are they planning to go international?  Yes… the bottom line is they still have to do something with the currency first and they must realize eventually it is going international.
______________________________________________________________

BGG – RUMOR: Chalabi was about to go on TV and expose Maliki along with the rest of the corruption….
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Dinar Updates ‏@DinarUpdates

 

Chalabi “delivers” the religious authority file [of] corruption before day of his departure

http://www.dinarupdates.com/blog/

______________________________________________________________

Poppy3 – THEY HAVE ALWAYS MENTIONED A MEDIAN RATE THEY CAN MAINTAIN … WHAT IS THAT RATE…NO ONE KNOWS YET BUT IT WILL HAVE TO BE SUBSTANTIAL TO FULFILL THEIR BUDGETS AND PAY LOANS ALONG WITH RESTITUTION LEFT UNPAID.  I AM CONVINCED PERSONALLY THAT RATE WILL BE CLOSE TO $3.00 PLUS. THIS IS MY OPINION ONLY BUT BASED ON STATEMENTS MADE BY SHABIBI AND HE IS STILL THE ONLY IRAQI THAT I CAN SAY NEVER LIED TO THE PEOPLE OF IRAQ AND US IN MY 12 YEARS OF FOLLOWING.
______________________________________________________________

Enorrste (Dinar Guru) – Therefore, I believe it is reasonable to conclude that, ultimately, this movement is being driven by the IMF and that they, along with the CBI, who are in the same pea pod as the IMF, have sold Abadi on the entire plan. Now we know that Abadi has sold his “reforms” to Parliament. In short, the ball is moving and I believe it will move quickly. Saleh has already been on record that the beginning of a year is the proper time to make this sort of major advance (the float). To conclude, these reasons bolster my view that we will see the float in early 2016.  [post 2 of 2]
______________________________________________________________

Enorrste (Dinar Guru) – I believe that Abadi has sold his program to the Parliament and that program is the CBI plan to raise the value of the dinar. This means that for the first time we have all of the major players on the same page, irrespective of Maliki’s attempt to meddle in the process.  I see forces moving that cannot be stopped easily.   Furthermore, if you recall, it was the IMF who insisted that the Investment Law be passed before the end of October, and it was, barely. It was also the IMF that stated unequivocally that Iraq would “enter the world market” in early 2016.   [post 1 of 2….stay tuned]
______________________________________________________________

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!!
______________________________________________________________

tman23 – There are soooooo many studies completed by Ivy League schools And all of them that I have read come to a similar conclusion.  The conclusion is that a country entering a market economy and becoming an emerging market would find that floating it’s currency would be high risk and ultimately a disaster…AND foreign investment views a floating currency a high risk and large hedge fund managers and public traded companies would not take the high risk as they find the float unfavorable.
______________________________________________________________

Adam Montana (Dinar Guru) – I’m getting some positive messages from my contacts regarding possible movement on this.   HCL is definitely a hot item right now... excited to see how this proceeds.
______________________________________________________________

firefly (Dinar Guru) – Abadi is smarter!  Always 2 steps ahead of Maliki.  Maliki could make all the noise he wants. He has no power and his followers are too few to count and diminishing daily.  They have the goods on him. There is a reason the axe hasn’t fallen yet.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing – from) 11-05-15 

Currency Auctions Announcement No. 3067

This daily currency auction was held in the Central Bank of Iraq on the 11-05-2015

The results were as follows:

DETAILS	NOTES
Number of banks	23
Number of remittance companies	16
Auction price selling dinar / US$	1166
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	178,835,000
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	178,835,000
Total offers for selling (US$)	—–

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

Mnt Goat (Dinar Guru) – …this past week there was much news again. Yet more news of the long awaited laws dealing with implementing the Abadi reforms.   I have talked about these laws and why they were important prior to any RV. Now we have a few of them remaining and we find a deadline of Dec 1st to complete. The HUGE news, the hot off the press news now is all about doing something with the Iraqi currency. This is all good and what we need to be hearing. We need to hear it because we all should know by now they NEED to get off the post war, UN sanctioned, provisional currency and go international. Iraq needs to get fully out of Chapter VII sanctions and article 8 provisions shutting down their currency from the international trading is the only thing left. 
______________________________________________________________

Frank26 (Dinar Guru) – they were going to do this in March..but they didn’t do it because of lack of stability…then by July again Shabibi says no…look at security…so they didn’t do it…Dr. Shabibi and Abadi got to work just after July…by Sept you see so many things being accomplished by Abadi and Shabibi…Yesterday Abadi said we are 100% secure here in our country…now…look to early October…the Unity Card…the amendments of the laws…removal of terrorism…the removal of bad cabinet members…they did it all...now we are in November which will show a plethora of information…what they said yesterday we confirmed that three months ago…their intent was to remove the US by 1/1/2016.   I think we need to see the removal of the USD in Iraq….the removal of Maliki before we see the raising of the currency rate.  There are many changes in Iraq…SECURITY, STABILITY, but no PROSPERITY at 1166…
______________________________________________________________

Frank26 (Dinar Guru) – they were going to do this in March..but they didn’t do it because of lack of stability…then by July again Shabibi says no…look at security…so they didn’t do it…Dr. Shabibi and Abadi got to work just after July…by Sept you see so many things being accomplished by Abadi and Shabibi…Yesterday Abadi said we are 100% secure here in our country…now…look to early October…the Unity Card…the amendments of the laws…removal of terrorism…the removal of bad cabinet members…they did it all...now we are in November which will show a plethora of information…what they said yesterday we confirmed that three months ago…their intent was to remove the US by 1/1/2016.   I think we need to see the removal of the USD in Iraq….the removal of Maliki before we see the raising of the currency rate.  There are many changes in Iraq…SECURITY, STABILITY, but no PROSPERITY at 1166…
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

______________________________________________________________

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 – see first post in this Thread: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

1 Corinthians 15:58 (NKJV)

58 Therefore, my beloved brethren, be steadfast, immovable, always abounding in the work of the Lord, knowing that your labor is not in vain in the Lord!

Heavenly Father, Thank You for the beloved body of Christ! Thank You for the work You have given us. In Jesus Name, Amen.

Mrs BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 11.05.2015 

http://www.cbi.iq/

______________________________________________________________

Every man is a damn fool for at least five minutes a day. Wisdom consists of not exceeding the limit. – Elbert Hubbard

______________________________________________________________

*** Current Posts ***

______________________________________________________________

firefly (Dinar Guru) – Abadi is smarter!  Always 2 steps ahead of Maliki.  Maliki could make all the noise he wants. He has no power and his followers are too few to count and diminishing daily.  They have the goods on him. There is a reason the axe hasn’t fallen yet.
______________________________________________________________

Mnt Goat (Dinar Guru) – …this past week there was much news again. Yet more news of the long awaited laws dealing with implementing the Abadi reforms.   I have talked about these laws and why they were important prior to any RV. Now we have a few of them remaining and we find a deadline of Dec 1st to complete. The HUGE news, the hot off the press news now is all about doing something with the Iraqi currency. This is all good and what we need to be hearing. We need to hear it because we all should know by now they NEED to get off the post war, UN sanctioned, provisional currency and go international. Iraq needs to get fully out of Chapter VII sanctions and article 8 provisions shutting down their currency from the international trading is the only thing left. 
______________________________________________________________

Frank26 (Dinar Guru) – they were going to do this in March..but they didn’t do it because of lack of stability…then by July again Shabibi says no…look at security…so they didn’t do it…Dr. Shabibi and Abadi got to work just after July…by Sept you see so many things being accomplished by Abadi and Shabibi…Yesterday Abadi said we are 100% secure here in our country…now…look to early October…the Unity Card…the amendments of the laws…removal of terrorism…the removal of bad cabinet members…they did it all...now we are in November which will show a plethora of information…what they said yesterday we confirmed that three months ago…their intent was to remove the US by 1/1/2016.   I think we need to see the removal of the USD in Iraq….the removal of Maliki before we see the raising of the currency rate.  There are many changes in Iraq…SECURITY, STABILITY, but no PROSPERITY at 1166…
______________________________________________________________

Frank26 (Dinar Guru) – they were going to do this in March..but they didn’t do it because of lack of stability…then by July again Shabibi says no…look at security…so they didn’t do it…Dr. Shabibi and Abadi got to work just after July…by Sept you see so many things being accomplished by Abadi and Shabibi…Yesterday Abadi said we are 100% secure here in our country…now…look to early October…the Unity Card…the amendments of the laws…removal of terrorism…the removal of bad cabinet members…they did it all...now we are in November which will show a plethora of information…what they said yesterday we confirmed that three months ago…their intent was to remove the US by 1/1/2016.   I think we need to see the removal of the USD in Iraq….the removal of Maliki before we see the raising of the currency rate.  There are many changes in Iraq…SECURITY, STABILITY, but no PROSPERITY at 1166…
______________________________________________________________

Poppy3 – HOW LONG HAS POPPY3 BEEN TELLING ALL OF YOU THAT A FLOAT WOULD NOT HAPPEN? THREE YEARS NOW BECAUSE IT WILL NOT WORK AND THE CBI HAS ALWAYS INDICATED THEY NEED A FLAT RATE. MY OPINION IS A MEDIAN START RATE SHOULD BE IN THE $3.00 RANGE.   FROM DR SHABIBI TILL TODAY THE CBI HAVE ALWAYS SAID THEY WANTED A FLAT RATE THEY CAN MAINTAIN AND GROW THEIR ECONOMY OVER A 24 TO 36 MONTH BEFORE THEY ALLOW THE FLOAT.
______________________________________________________________

Adam Montana (Dinar Guru) – [WITH ALL THE ME COUNTRY’S FALLING SHORT WITH THERE MONEY. AND THE IMF DROPPING SOME OF THERE RATING’S. HOW DOES THIS HELP IRAQ AND THE RV – RI?]  I’m not concerned with the other countries in the ME, and most likely we’re just watching a natural adjustment in the balance of the world.  Iraq is Iraq, and they are capable of succeeding regardless of what other countries do…keep an eye on that HCL, I think good things are coming.
______________________________________________________________

Millionday – THIS WAS PART OF A SPEECH BY CBI GOVERNOR:   “…the central bank a day in the initial exchange market (referring to the lack of a future market for the currency or market options) and expresses its readiness to secure the display of foreign currency (dollars) to cover the need for demand to ensure the strengthening of the national currency and gradually to maintain stability at the target in each stage or period of revaluation ranges.”   HE IS ANNOUNCING THE READINESS TO ENSURE THE STRENGTHENING THE NATIONAL DINAR AND MAINTAIN STABILITY IN THE STAGE OF >>>REVALUATION.  WHOOOPOW.
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)

Smart phone user link – Click here

______________________________________________________________

Frank26 (Dinar Guru) – It costs millions per month for Iraq to keep their currency at 1166. There is a NEGATIVE factor each month in running the country at that rate.  Loans saved them each month. Their budget…was saved with artificial loans and money… ADRS (Abadi, Dr. Shabibi and Sastani) – got the green-light back in March.  Iraq is not going into bankruptcy.  Time has run out!   How do we know that TIME has run out? Countries are visiting DC and their currencies are going up in value.  Remember I showed you the China currency last week? China is printing a new 100 note. Many other countries prepare their currencies too.  IMO – Dr. Shabibi will take the green-light given to him by the IMF and move forward.   [post 2 of 2]
______________________________________________________________

Frank26 (Dinar Guru) – I would like to invite you to a new “qualified” Iraq – where laws have been amended…security in place…to Iraq’s international fair. This fair is done every year…and is a call to arm Iraq “internationally”.  Iraq is poised to show their growth to the world. The world awaits the monetary reform. The price of oil is not a concern…Iraq’s oil will be used to hurt Iraq’s enemy.  This year…VERY LOUDLY…the IMF…the father of the world’s rate…gave their appointed Central Bank Governor permission...   This month of November is going to be very eye opening.  the CBI is in the process of lifting the 3 zeros.  I am EXPECTING to see the lower denoms this month…if not…then things may move into the 1st quarter of 2016.   I told my staff of a particular date. November is going to be pretty fun. In November…time is up.  [post 1 of 2….stay tuned]
______________________________________________________________

firefly (Dinar Guru) – Unless the laws have changed IMO a float is not a possibility unless it’s a managed float.
______________________________________________________________

Adam Montana (Dinar Guru) – […what dictates that the RV has to take place…?]  I’ve always said 3 things need to happen:  1. Stable GOI (Done!)  2. Chapter 7 (Done!)  3. HCL (ALMOST!)
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

tman23 – The salary ladder was a necessity and the rates being paid were a sour subject with the World Bank/IMF… This is not Abadi pulling a rabbit out of the hat but rather the strings attached from the World Bank/IMF… The new salary scale does not meet the market prices…therefore it is reasonable to assume a rate must be applied along with the lifting of the 3 zeros… The salary scale will go through… I am 1000% sure of that…and 1000% sure the zeros are due to be lifted…IF correct in meeting the needs in the market place…the rate would work out to around $2.66…but that is just IMO through cutting in rough numbers.
______________________________________________________________

tman23 – There is no doubt that this monetary change has the best chance we have ever seen of happening before the first of the year…AND Abadi is in a pressure cooker that is about to explode… He doesn’t have until mid next year, and IMO he doesn’t even have 90 days… 
______________________________________________________________

Adam Montana (Dinar Guru) – …and YESTERDAY it was announced that Parliament plans to include the HCL into the 2016 budget. That by itself wouldn’t be too impressive – we see fluff from Parliament all the time. But THIS time they included verbiage that specifically states how it’s going to work. The Kurds will honor their oil commitment, or they get their funds cut off.  This also means that their funds will not be cut off, provide they honor their agreement… and by putting it in the budget, that’s almost as good as passing the actual Law.  Let me put it another way – generally these announcements are one-sided, and we can always expect them to go back and forth on it.  THIS announcement accommodates BOTH sides, and is the single most solid evidence that we are moving forward that I have EVER seen on the HCL.   [post 2 of 2]
______________________________________________________________

Adam Montana (Dinar Guru) – Yesterday we saw some of the best news to come out of Iraq in a LONG time!  I know I’ve been positive about the dinar for a few weeks, but now I’m actually EXCITED!  As I’m sure you’re aware, we have had a Hydro Carbon Agreement for some time now. That’s fine and dandy, but I don’t believe it was possible to see an RV of any significance until there is a LAW on the oil agreement. Maliki kept progress at bay for years… As of beginning of this year, Maliki was ousted and now we have Good Guy Abadi at the helm, and for a few months he was a rock star! We saw a flurry of progress…and then it all slowed down. We had nothing major to get excited about over summer, and we all wondered when, or if, things would ever get moving again. Well, as of a couple weeks ago we started seeing some hints that things might be picking up speed again…   [post 1 of 2….stay tuned]
______________________________________________________________

Frank26 (Dinar Guru) – We’ve seen recently that Dr. Shabibi has started talking once again about the lifting of the 000’s… PM Abadi was at the mosque Sunday evening…he did speak to the citizens…telling them he was offering a full life of security, stability, prosperity without exception to the upcoming EID…Where did these strong words come from…as we’ve said there are EXPECTATIONS for November…NOVEMBER IS GOING TO BE LIKE A WATERFALL!  …all this is phenomenal news. Now is the SEASON…to be PROSPEROUS.   [post 2 of 2]
______________________________________________________________

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 – see first post in this Thread: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

2 Corinthians 1:20 (NKJV)

20 For all the promises of God in Him are Yes, and in Him Amen, to the glory of God through us.

Heavenly Father, we give You all the Glory! Thank You that all of Your promises in Christ are Yes and Amen!

Mrs BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 11.04.2015 

http://www.cbi.iq/

______________________________________________________________

Attitude is a little thing that makes a big difference.
Winston Churchill

______________________________________________________________

*** Current Posts ***

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Frank26 (Dinar Guru) – It costs millions per month for Iraq to keep their currency at 1166. There is a NEGATIVE factor each month in running the country at that rate.  Loans saved them each month. Their budget…was saved with artificial loans and money… ADRS (Abadi, Dr. Shabibi and Sastani) – got the green-light back in March.  Iraq is not going into bankruptcy.  Time has run out!   How do we know that TIME has run out? Countries are visiting DC and their currencies are going up in value.  Remember I showed you the China currency last week? China is printing a new 100 note. Many other countries prepare their currencies too.  IMO – Dr. Shabibi will take the green-light given to him by the IMF and move forward.   [post 2 of 2]
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Frank26 (Dinar Guru) – I would like to invite you to a new “qualified” Iraq – where laws have been amended…security in place…to Iraq’s international fair. This fair is done every year…and is a call to arm Iraq “internationally”.  Iraq is poised to show their growth to the world. The world awaits the monetary reform. The price of oil is not a concern…Iraq’s oil will be used to hurt Iraq’s enemy.  This year…VERY LOUDLY…the IMF…the father of the world’s rate…gave their appointed Central Bank Governor permission...   This month of November is going to be very eye opening.  the CBI is in the process of lifting the 3 zeros.  I am EXPECTING to see the lower denoms this month…if not…then things may move into the 1st quarter of 2016.   I told my staff of a particular date. November is going to be pretty fun. In November…time is up.  [post 1 of 2….stay tuned]
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firefly (Dinar Guru) – Unless the laws have changed IMO a float is not a possibility unless it’s a managed float.
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Adam Montana (Dinar Guru) – […what dictates that the RV has to take place…?]  I’ve always said 3 things need to happen:  1. Stable GOI (Done!)  2. Chapter 7 (Done!)  3. HCL (ALMOST!)
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tman23 – The salary ladder was a necessity and the rates being paid were a sour subject with the World Bank/IMF… This is not Abadi pulling a rabbit out of the hat but rather the strings attached from the World Bank/IMF… The new salary scale does not meet the market prices…therefore it is reasonable to assume a rate must be applied along with the lifting of the 3 zeros… The salary scale will go through… I am 1000% sure of that…and 1000% sure the zeros are due to be lifted…IF correct in meeting the needs in the market place…the rate would work out to around $2.66…but that is just IMO through cutting in rough numbers.
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tman23 – There is no doubt that this monetary change has the best chance we have ever seen of happening before the first of the year…AND Abadi is in a pressure cooker that is about to explode… He doesn’t have until mid next year, and IMO he doesn’t even have 90 days… 
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Adam Montana (Dinar Guru) – …and YESTERDAY it was announced that Parliament plans to include the HCL into the 2016 budget. That by itself wouldn’t be too impressive – we see fluff from Parliament all the time. But THIS time they included verbiage that specifically states how it’s going to work. The Kurds will honor their oil commitment, or they get their funds cut off.  This also means that their funds will not be cut off, provide they honor their agreement… and by putting it in the budget, that’s almost as good as passing the actual Law.  Let me put it another way – generally these announcements are one-sided, and we can always expect them to go back and forth on it.  THIS announcement accommodates BOTH sides, and is the single most solid evidence that we are moving forward that I have EVER seen on the HCL.   [post 2 of 2]
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Adam Montana (Dinar Guru) – Yesterday we saw some of the best news to come out of Iraq in a LONG time!  I know I’ve been positive about the dinar for a few weeks, but now I’m actually EXCITED!  As I’m sure you’re aware, we have had a Hydro Carbon Agreement for some time now. That’s fine and dandy, but I don’t believe it was possible to see an RV of any significance until there is a LAW on the oil agreement. Maliki kept progress at bay for years… As of beginning of this year, Maliki was ousted and now we have Good Guy Abadi at the helm, and for a few months he was a rock star! We saw a flurry of progress…and then it all slowed down. We had nothing major to get excited about over summer, and we all wondered when, or if, things would ever get moving again. Well, as of a couple weeks ago we started seeing some hints that things might be picking up speed again…   [post 1 of 2….stay tuned]
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Frank26 (Dinar Guru) – We’ve seen recently that Dr. Shabibi has started talking once again about the lifting of the 000’s… PM Abadi was at the mosque Sunday evening…he did speak to the citizens…telling them he was offering a full life of security, stability, prosperity without exception to the upcoming EID…Where did these strong words come from…as we’ve said there are EXPECTATIONS for November…NOVEMBER IS GOING TO BE LIKE A WATERFALL!  …all this is phenomenal news. Now is the SEASON…to be PROSPEROUS.   [post 2 of 2]
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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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Frank26 (Dinar Guru) – …the US of A stated they were withdrawing USD’s temporarily from Iraq…there was some excuse about funding terrorism/DAASH/ISIS or some such thing…probably a valid concern at some point…in the past.  …the first week of August…this is when the US actually stopped sending USD to Iraq, loans were being made in USD up to that time…but it all stopped, yes terrorism was to blame, partially.  What we need to keep in mind is that Iraq cannot revalue their IQD as long as the USD is being used in Iraq.  For the time being Iraq has essentially eliminated the USD from their diet….this was to happen by 1/1/2016 but has happened already…they are FAR FAR ahead of schedule.   [post 1 of 2….stay tuned]
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Poppy3 – IN THIS MEETING TWO DAYS FROM TODAY [TUESDAY] WITH THE IMF THERE WILL BE RATE DISCUSSION TO DECIDE WHEN FUNDS FROM THE LOANS WILL BE RELEASED. GETTING THE LOAN IS ONE THING BUT HAVING THE FUNDS RELEASED IS TOTALLY SOMETHING ELSE ENTIRELY. REMEMBER BUYING YOUR HOME THEY WANT TO KNOW UP FRONT HOW THEY GET PAID BACK AND A PROMISE WONT CUT IT…THEY WILL DEMAND ACTION IN WRITING AND ACTED UPON.  
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BGG – Seems like a VERY big push against cash/CBI/instituational corruption right now… ask yourself – WHY??
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The low value of the dinar has fallen year savings diminish chances of «float» Dollar

Mohammed Hadi

Baghdad – Cannot for the proposal “floating dollar” stand up to the vagaries of the market economy; in light of the decrease of the local currency’s value against a difficult and declining public savings level, offset by higher imported goods prices, and therefore “chronic increase” occur in the general inflation levels, Despite assurances from economists that the “float” may provide financial liquidity, but not for a long time, because of the survival of the Iraqi economy’s dependence on import, and the exchange control doors were still weak by the government.

Former officials at the Central Bank shows that one of the terms of the flotation assumes a Private sector next to the Central Bank is asking the dollar to the market as well, but in Iraq, the Central is the only body that pump the dollar for the domestic market, which creates “confusion” in the marketplace work.

The officials pointed out that the idea of flotation, require “do not specify a certain amount to put dollars into the market. ”

She talks media leaks that the government will be forced to float the dollar, in the case failed to apply the new salary scale; where he sees Supporters of this proposal is that it will be the key to resolving the financial crisis that hit the country…

More: http://dinarupdates.com/blog/

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Millionday – I THINK THE RATE AGREED ON WILL BE RELEASED — AND THEN IT MAY FLUXUATE BUT ONLY IMO AT A 2% SWING.  I MEAN THE TOOLS THAT CBI HAS — IT WILL BE MANAGED TO ONLY MOVE ONE WAY OR OTHER 2% — IMO.  IN A SPEECH BY CBI GOVERNOR — THEY ARE READY TO RELEASE THE RATES — IMO.
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Mike (Dinar Guru) – Why would Jabouri believe they could add value to the dinar when they can’t maintain the value now?  Move to Article VIII, which will essentially remove demand for the dollar, and then the dinar will begin to rise as the economy grows.  Heck, it’s clear what Iraq’s motive is, they want to save the GOI money.  If they thought the dinar would rise, they wouldn’t spin it as an alternative to cutting the salaries.  In the end, Iraq and the CBI control the value of the dinar through the auctions, history has proven that to us. When they capped the auction’s in February the dinar started to slide, in April the rate fell to 1300-1.  Add in the tariff’s and the dinar lost further value.  They need a solid foundation before they turn this thing loose in a float, IMO.   [post 2 of 2]
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Mike (Dinar Guru) – Article quote:  “The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar…”  Haitham Al-Jabouri apparently doesn’t realize that most currencies in the world that float are internationally traded and used to purchase imports.  Iraq isn’t there yet.  All of this would be a great idea if Iraqi’s could buy Turkish tomatoes with dinars, right now they can’t.  The IMF has told them many times they need to get the street rate within 2% of the official rate and so far, they haven’t had much luck maintaining that. [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction (from) 11-04-15 

Currency Auctions Announcement No. 3066

This daily currency auction was held in the Central Bank of Iraq on the 11-04-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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tman23 – In October 2012 Abadi [Does he mean Shabibi??] made an announcement in media about it being time to lift the 3 zeros and they were planning on doing so if the new currency could be ready before January if there was time.  Days later Maliki had the courts issue an arrest warrant for Shabibi. During the sept/oct iisd post 2015 summit an article was out about the iisd.   What we knew back in 2012 was Shabibi was in Japan for a convention.   That convention turned out to be meeting with the iisd. NOW…straight from Japan a loan for 3 billion dollars…  We are in the same time frames as 2012 when they were preparing to lift the 3 zeros by the first of the year.
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firefly – [IRAQ WANTS A LOAN FROM THE IMF TO MOVE FORWARD…]  NOBODY is going to loan Iraq anything anymore at 1166.  Something is definitely stirring on their side of the pond!  Iraq has many many contracts waiting for the go…   So Iraq is meeting with the WB AND the IMF, both early this month. Things that make you go Hmmmmmm.
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Millionday – [Do you see this happening before Iran sanctions are lifted? I thought I read they will be lifted on the 15th of November.]   I DO NOT KNOW THE DATE…AT ALL — MANY ARE GUESSING IT HAS TO DO WITH IRAN SANCTIONS — I THINK THAT IT ONLY HAS TO DO WITH CBI AND IRAQ RIGHT NOW — REFORMING THE COUNTRY TO A MARKET ECONOMY.
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DinarUpdates.com News Time Chat 11-04-15 PM

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

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

Millionday: LOTS OF NEWS TODAY

Millionday: BEFORE WE BEGIN I AM GOING TO SHOW YOU WHAT I HAD TODAY IN CASE YOU WERE NOT HERE

Millionday: THIS WAS PART OF A SPEECH BY CBI GOVERNOR

Millionday: He added that the central bank a day in the initial exchange market (referring to the lack of a future market for the currency or market options) and expresses its readiness to secure the display of foreign currency (dollars) to cover the need for demand to ensure the strengthening of the national currency and gradually to maintain stability at the target in each stage or period of revaluation ranges .

Millionday: SO AS WE SEE — HE IS ANNOUNCING THE READINESS TO ENSURE THE STRENGTHENING THE NATIONAL DINAR AND MAINTAIN STABILITY IN THE STAGE OF >>>>>>>>>>>>>>>>REVALUATION

Millionday: WHOOOPOW

Millionday: THOUGHT YOU WOULD LIKE TO SEE THAT
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Millionday: Hussein al-Tamimi Tgb began actual cooperation to rotate the wheel of industrial production in Iraq stage in cooperation with the Lebanese private sector, which has great expertise in many industries, especially after he proved remarkably successful at the international level and supported in the biggest international companies will investigate the economic feasibility of the two countries.
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Read More: http://www.dinarupdates.com/showthread.php?23877-Millionday-News-11-03-15
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Enorrste (Dinar Guru) – Article quote:    “The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar...”    This ties in with the other recent article that stated that the CBI was going to go “on the attack” with respect to getting the dinar value raised.  Now this article is saying that Abadi is behind the plan all the way.  I won’t be surprised to see the dinar released to a float prior to the end of this year or early in the next.
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Kaperoni (Dinar Guru) – Article quote:  “The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar…”   My take is Saleh is telling Abadi to forget about the salary scale and just float the dang currency!  I’m for getting off the peg and let it rip good or bad.   I really don’t see how it could go down with the Investment Law on the books and the soon to be deposit insurance act.  Iraq is about to receive a huge influx of capital for investment.  Only one way to go…up.
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Frank26 (Dinar Guru) – In the last 24-48 hours we’ve seen several articles that state they are going to delete the 3 zeros.  IMO – Abadi is now shifting things to a market economy … the only way to do that is to tell these “investors” in back-rooms that they are about to raise the value of their currency. This is HUGE!  Time is up and they can’t afford to walk into next year … bankrupt.  They can’t go bankrupt…that would be a LOP…and that is not the goal of Iraq nor the United States.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Tuesday 11/03

Smart phone user link – Click here

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EXOGEN (Dinar Guru) – Article quote:  “Parliamentary Finance Committee, announced Tuesday, that the financial budget for next year will be included on the agenda of the next meeting of the House to read the first reading.”
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tman23 – [ya think early 2016?]    IMO… BEFORE! They will need to open 2016 with the 3 zeros lifted.  No money for the people and cut salaries…This is the defining moment!   Either Abadi “flips the switch” per se’ and opens with some purchasing power to the currency…OR Maliki and his opposition will be able to flip the country with very little resistance from the citizens… really is that simple!   [post 2 of 2]
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tman23 – Zebari, the Finance Minister said in an official statement that by the end of the year Iraq will have only spent 60% of the 2015 budget… So how is that? And another Minister said that November is going to be a huge economic crisis month… From the outside looking in… it appears that they are setting up for something different then just salary cuts… the cuts are an adjustment to the lifting of the 3 zeros…and the cuts give indications that lifting the 3 zeros is not a neutral event, but rather going to add value to the Iraqi dinar…  [post 1 of 2….stay tuned]
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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:…

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 – see first post in this Thread: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

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

Word for the day…

Hebrews 13:15 (NKJV)

15 Therefore by Him let us continually offer the sacrifice of praise to God, that is, the fruit of our lips, giving thanks to His name.

Heavenly Father, we praise You! Thank You that this is a month for Thanksgiving! 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 – 11.03.2015 

http://www.cbi.iq/

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“This country has shed more blood for the freedom of other people than all the other nations in the history of the world combined, and I’m tired of people feeling like they’ve got to apologize for America” – Fred Thompson

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*** Current Posts ***

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tman23 – In October 2012 Abadi made an announcement in media about it being time to lift the 3 zeros and they were planning on doing so if the new currency could be ready before January if there was time.  Days later Maliki had the courts issue an arrest warrant for Shabibi. During the sept/oct iisd post 2015 summit an article was out about the iisd.   What we knew back in 2012 was Shabibi was in Japan for a convention.   That convention turned out to be meeting with the iisd. NOW…straight from Japan a loan for 3 billion dollars…  We are in the same time frames as 2012 when they were preparing to lift the 3 zeros by the first of the year.
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firefly (Dinar Guru) – [IRAQ WANTS A LOAN FROM THE IMF TO MOVE FORWARD…]  NOBODY is going to loan Iraq anything anymore at 1166.  Something is definitely stirring on their side of the pond!  Iraq has many many contracts waiting for the go…   So Iraq is meeting with the WB AND the IMF, both early this month. Things that make you go Hmmmmmm.
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Millionday – [Do you see this happening before Iran sanctions are lifted? I thought I read they will be lifted on the 15th of November.]   I DO NOT KNOW THE DATE…AT ALL — MANY ARE GUESSING IT HAS TO DO WITH IRAN SANCTIONS — I THINK THAT IT ONLY HAS TO DO WITH CBI AND IRAQ RIGHT NOW — REFORMING THE COUNTRY TO A MARKET ECONOMY.
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Enorrste (Dinar Guru) – Article quote:    “The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar…”    This ties in with the other recent article that stated that the CBI was going to go “on the attack” with respect to getting the dinar value raised.  Now this article is saying that Abadi is behind the plan all the way.  I won’t be surprised to see the dinar released to a float prior to the end of this year or early in the next.
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Follow us on twitter @DinarUpdates !!

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

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

Kaperoni (Dinar Guru) –  Article quote:  “The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar…”   My take is Saleh is telling Abadi to forget about the salary scale and just float the dang currency!  I’m for getting off the peg and let it rip good or bad.   I really don’t see how it could go down with the Investment Law on the books and the soon to be deposit insurance act.  Iraq is about to receive a huge influx of capital for investment.  Only one way to go…up.
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Frank26 (Dinar Guru)  – In the last 24-48 hours we’ve seen several articles that state they are going to delete the 3 zeros.  IMO – Abadi is now shifting things to a market economy … the only way to do that is to tell these “investors” in back-rooms that they are about to raise the value of their currency. This is HUGE!  Time is up and they can’t afford to walk into next year … bankrupt.  They can’t go bankrupt…that would be a LOP…and that is not the goal of Iraq nor the United States.
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EXOGEN (Dinar Guru) – Article quote:  “Parliamentary Finance Committee, announced Tuesday, that the financial budget for next year will be included on the agenda of the next meeting of the House to read the first reading.”
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tman23 – [ya think early 2016?]    IMO… BEFORE! They will need to open 2016 with the 3 zeros lifted.  No money for the people and cut salaries…This is the defining moment!   Either Abadi “flips the switch” per se’ and opens with some purchasing power to the currency…OR Maliki and his opposition will be able to flip the country with very little resistance from the citizens… really is that simple!   [post 2 of 2]

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tman23 – Zebari, the Finance Minister said in an official statement that by the end of the year Iraq will have only spent 60% of the 2015 budget… So how is that? And another Minister said that November is going to be a huge economic crisis month… From the outside looking in… it appears that they are setting up for something different then just salary cuts… the cuts are an adjustment to the lifting of the 3 zeros…and the cuts give indications that lifting the 3 zeros is not a neutral event, but rather going to add value to the Iraqi dinar…  [post 1 of 2….stay tuned]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Tuesday 11/03 @ 4:30pm CST

Smart phone user link – Click here

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Kaperoni (Dinar Guru) – Article quote:   “The National Conference leader and head of the parliamentary finance committee MP Ahmad Chalabi, died this morning at his home in Kadhimiya, north of Baghdad, after suffering a heart attack.”   The timing of this is what is interesting. He was very outspoken about corruption, and recently stated in public the list would be released identifying the corrupt. He was also the head MP in charge of the Finance Committee. This is very unfortunate.
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Frank26 (Dinar Guru) – Wall Street Journal article:  “Emerging Markets Reward Bold” …what? Can you imagine that L-O-N-G—L-I-N-E? Investors will be rewarded “boldly” very soon.  Where is the oil report for the 2nd and 3rd quarter for Iraq? Humm. That info is on a public website. That is HUGE! Everyone knows what’s going on … and NO ONE wants to get paid at 1166. You don’t see them cashing in on their contracts yet do you? LOL As soon as they change the value of their currency…they will get paid BOLDLY!
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Millionday – Article quote: “…al-Jubouri, the House of Representatives voted during its meeting today, approved the decision to support the reforms his body without the authorization of any executive powers to anyone.”  MANY WERE WORRIED THAT ALL STEPS OF REFORMS HAD TO GO THROUGH VOTE AND TIMELINE IS HUGE.  PARLIAMENT >>>VOTED<<< APPROVED SUPPORT OF THE REFORMS WITHOUT AUTHORIZATION.  ALWAYS REMEMBER THEY HAVE A CONSTITUTION THAT INTERNATIONAL AND FEDERAL LAW PROTECTS.  THEY ARE JUST ASKING THAT IT COMPLIES WITH CONSTITUTION — UNDERSTANDABLE…VOTE DONE.
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wmawhite (Dinar Guru) – If you had a company and you were selling stock in your company and you believed your company’s stock was worth (let’s say) $1.25 per share. Why would you start out selling it at…$0.00085 per share?  That would be…Crazy…and it applies directly to Iraq.
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tman23 – IMO… FROM TODAY UP TO THE END OF DECEMBER WE ARE IN THE ZONE.  NO WINDOWS! ZONE FOR MONETARY CHANGE! AND THOSE SAYING MID 2016 OR 2017…NOPE! IRAQ IS NOT BRINGING IN FOREIGN INVESTMENT WITH 3 ZERO ACCOUNTING ATTACHED AND THEN REDOING BOOKS IN THE MIDDLE OF THE YEAR… AIN’T HAPPENING!
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Iraqi Dinar/Dollar auction (from) 11-03-15 

Currency Auctions Announcement No. 3065

This daily currency auction was held in the Central Bank of Iraq on the 11-03-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Mnt Goat (Dinar Guru) – So what is left to accomplish (if you need a laundry list)?
-Amnesty law needs to be passed and fully implemented (coming before parliament this week)
-Mandates of the three presidencies (second reading is today)
-Accountability and Justice law (cleaning up the judicial system, will lead to the final straw in prosecution of Maliki and his goons)
-Final announcement of the Federation Council law
-Final report card and unity meeting for the mandate for Reconciliation called the “Reconciliation Conference”.

Now when we see these events come to pass we must be alert.
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Kaperoni (Dinar Guru) – Article:  “eliminates the parliament’s decision not to ratify the paper Abadi reforms”   …parliament voted in favor of Abadi’s reforms as long as they are constitutional. Which is a setback of sorts since Abadi was trying to get his reforms done expeditiously. This is not good news in the sense that it will probably slow progress down to a crawl because we know how slow parliament is to approve anything…and as some believe a win for Maliki and his attempts to prevent progress.
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Mnt Goat (Dinar Guru) – I believe our next HUGE announcement will be the passing of the Accountability and Justice law. This law includes many of the reforms to the judicial system. It is very much needed before any RV. I believe it will be passed in the next couple weeks. Most importantly for the RV, it will establish the legal groundwork for investors to come into Iraq. From this aspect it will include how disputes will be settled, suits filed, etc, etc.  Once the accountability and justice law is passed, we can almost certainly expect the prosecution of the ex PM Nori al-Maliki. This too is needed prior to any RV.  No prospects for an RV either in the coming month of November. Sorry Folks! Later December and possibly early January has prospects…We need to see how Iraq progresses in all the areas in the coming month…  There is a target and a plan I can assure you of this. They are moving at lighting speed to get there.   [post 2 of 3….stay tuned]
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DinarUpdates.com News Time Chat 11-01-15 PM Part 2 of 2

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

Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: NOTE — THEY ARE PUSHING FOR REFORMS TO BE DONE WITH URGENCY

Millionday: The prime minister apologized twice to attend a parliamentary session to host, so exciting wave of widespread criticism, even among members of the National Alliance, which belongs to him.
 
 He attributed this Congress, then, to the tension that marred relationship Abadi Paljbure against the backdrop of criticism from the first to the second of his participation in the conference hosted by Qatar and attended by representatives of the Baath Party and some armed groups.

Millionday: NOTE — HE HAS MISSED TWO EXPECTED HOSTINGS
~~~

Read More: http://www.dinarupdates.com/showthread.php?23768-Millionday-News-11-02-15
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Mnt Goat (Dinar Guru) – I need to emphasize again that most of the needed reforms prior to the RV are already done but a couple areas still need to be addressed – that of getting rid of the stench of Maliki, the judicial reforms, amnesty and others. It is by far not all completed.   In line with getting rid of Maliki and the judicial reforms Iraq needs to have their “Reconciliation Conference”. They will only do this  once they feel all matters of agreed to reforms implementations are completed. The Reconciliation Conference is a timeline for conclusion when all the work towards a unified Iraq (as agreed to over 9 years ago) is going forward for the benefit of all the citizens. The December date is just a tentative timeline. Right now this is all the really matters in the long run to get us our RV.  [post 1 of 3….stay tuned]
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wmawhite (Dinar Guru) – …is there anyone in their right mind that believes the true value of the IQD today is 1166 to 1 USD?  If it is NOT…then why would the CBI start a float at 1166…why would you sell your home for nothing if it is worth more? Starting at 1166 is just nuts!
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BGG – Article:  “Judiciary denies the return of the Vice-Presidents and confirms: Federal did not hold a hearing on it”    I’ve been keeping an eye on this – I don’t see where this piece articulates a Fed Court Ruling in Maliki’s favor (and the other VP’s)… in fact, it appears a court spokesperson is plainly denying such a ruling. The only evidence of such a ruling comes from a potential Maliki sycophant giving a media interview…
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DinarUpdates.com News Time Chat 11-01-15 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: LETS ADDRESS THE BIG RUMOR FIRST ABOUT REFORMS

Millionday: Office of the President of the House of Representatives Saleem al-Jubouri, the House of Representatives voted during its meeting today, approved the decision to support the reforms his body without the authorization of any executive powers to anyone.

Millionday: NOTE — MANY WERE WORRIED THAT ALL STEPS OF REFORMS HAD TO GO THROUGH VOTE AND TIMELINE IS HUGE

Millionday: NOTE — PARLIAMENT >>>>>VOTED<<<<< APPROVED SUPPORT OF THE REFORMS WITHOUT AUTHORIZATION
~~~

Read More: http://www.dinarupdates.com/showthread.php?23768-Millionday-News-11-02-15
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SteveI (Dinar Guru) – [Are you still of the belief that the rate will be in the 3.5, give or take a few, range?]  Yes I do. A strong currency will be equal to a strong economy. This one to one I am just not buying into at this time. How do you become one of the largest economic countries you ask? Yes, a strong currency will be hand in hand. I believe if you go look at some strong countries with assets, you will see what I mean. The KWD to the USD is 3.30 at this moment and Kuwait is next door with many things they are sharing in common like ports, oil, etc. I understand not all countries are at the Kuwaiti rate nor ever will be, but that does not mean that the IQD falls within that group.  [Guru] Joe P…was very much into this with huge contacts believed the rate to be close to the post Sadam days. Things have changed but Iraq is a very rich asset country.
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wmawhite (Dinar Guru) – this is from the CBI as of today:  “Keywords and said in a statement to Agence {Euphrates News}, that Iraq has a reserve of cash currency, which protect him from falling into an economic crisis suffocating, or the inability of the State to provide the employees’ salaries, and cover the projects, “pointing out that”  Iraq reserves estimated at more than 1,500% “.   What everyone needs to understand is that the CBI has enough in reserves that if they wanted to change the value to a 1 to 1 they could do just that.
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Kaperoni (Dinar Guru) – “The meeting’s agenda number (34) Monday (2) November 2015. The third parliamentary session”  [No.9 is the only one I’m finding interesting at the moment, hopefully it will be settled and they can then make a move on ” M]  “Ninth: The second reading of a bill defining the mandates of the three presidencies. (Legal Committee). (Article 8).”  I’ll be honest, I don’t see anyone making any such move on Maliki. Why? because he is the head of the State of Law bloc, has already been named responsible for the Spiker tragedy and nothing has happened. Apparently a court ruling today was in his favor that the PM cannot dissolve the Vice-President positions.
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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:…

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 – see first post in this Thread: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

2 Corinthians 1:3 (NKJV)

3 Blessed be the God and Father of our Lord Jesus Christ, the Father of mercies and God of all comfort,

Heavenly Father, we bless You! Thank You that You are the Father of mercies and God of all comfort! 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 – 11.02.2015 

http://www.cbi.iq/

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It’s not what you look at that matters, it’s what you see.
Henry David Thoreau

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*** Current Posts ***

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BGG ~ Looks like a minor hiccup with the Chat Server again – we’re working on it!!

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Poppy3 – …i did confirm that on TV there yesterday the media announced there would be great economic news during this month. TIME WILL TELL.  JUST RECEIVED ANOTHER RUMOR EMAIL THAT THE DONG POSSIBILITY TO CHANGE WEDNESDAY…WELL IF TALK OF IT CHANGING… THEN THE DINAR CAN ALSO BE IN PLAY. WE WAIT AND PRAY THESE RUMORS FROM NY & BAGDAD ARE ON TARGET.
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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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SteveI (Dinar Guru) – Article:  “Abadi: Baghdad locked and we are trying to switch to an open economy / expanded”   Private sector words are huge. They have talked about this for years that when the value changes the private sector  will flourish.  Excellent article, and yes this does provide yet another clue as to how close we really are to the end of this ride…
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BGG – Article:  “The Official Revaluation of the Iraqi Dinar Started Today, 1 NOV”   This is the post going viral (creating the big stir) – Is it good to hear? Yes.  However, I don’t believe it for one second. When this happens – it will be everywhere within minutes. End of story…
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Frank26 (Dinar Guru) – In July IMF wanted DRS [Dr. Shabibi] to RI… He said no security yet.  So IMF said … While You wait get Yourself INTERNATIONALLY ready.  DRS did and so did A [Abadi] as HOLY MAN approved all … FOR HE IS THE HIGHEST COURT OF IRAQ!  NOW … You will see … NOVEMBER.
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Iraqi Dinar/Dollar auction (from) 11-02-15 

Currency Auctions Announcement No. 3064

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

The results were as follows:

More: http://dinarupdates.com/blog/
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BGG – I just read the agenda for Parliament tomorrow [Monday]:  “Ninth: The second reading of a bill defining the mandates of the three presidencies. (Legal Committee). (Article 8).”  which tells me – PLAINLY – they are moving ahead with reforms – at full speed.  what does this do? It seals off a Maliki third term… should he somehow evade all the pitfalls between here and there – term limits would effectively kill any chance he would have for a third term as PM.  Had they done THIS ONE THING long ago – there would have been no ISIS. No Anbar… no crisis – Maliki would have had no option… or big need to reshuffle the voting electorate/districts…which was at the very heart of where we are now.
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wmawhite (Dinar Guru) – [IYO is a lop out of the question or a possibility (even if it is slight)?]   If the CBI was going to LOP…in other words, just stop using it currency, then why are they today using their gold to buy the IQD from its citizens. Why buy it if they were going to LOP?   NO!!!   the CBI is not going to LOP.  [You still hopin before the first of the year?]  I do not chase dates…however, I believe thay are in a hurry to get to somewhere.
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Enorrste (Dinar Guru) – Finally…it perfectly clear that they want to “raise the price to the desired level.”   …I see this as a total commitment to “get the ball rolling” on the part of the CBI.  They are clearly as frustrated as we are with the incessant delays and have decided to go on the “attack“…   Bottom line:  I won’t be surprised to see the street value come up to the official rate and then surpass it before the end of the year.  I also won’t be surprised to see the CBI begin the float once the street rate surpasses the official rate.  In other words, I think the CBI is ready to insist on freeing the dinar into the real world in the short term (or, as they say in Iraq, “in the coming days”).   [post 2 of 2]
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DinarUpdates.com News Time Chat 11-01-15 PM

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

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

BGG: also – I’ll keep it open for questions – (might turn into more of a Q & A)…

BGG: and nothing is off the table. Ask away.

BGG: What was the biggest News of the day??

maine: in my opinion the biggest news of the day was the Amnesty Law

maine: they getting ready to act on it

BGG: OK – I just read the agenda for Parliament tomorrow

BGG: which doesn’t mean much since they didn’t give us any heads up before the voted on the Investment Law…

BGG: and I guess now that I think about it – Abadi never really promised a “new” Investment Law – just an Investment Law.

BGG: or a better Investment Law (when he was here)…

BGG: However, here was an interesting bit – in the published agenda…

BGG: Ninth: The second reading of a bill defining the mandates of the three presidencies. (Legal Committee). (Article 8).

BGG: which tells me – PLAINLY – they are moving ahead with reforms – at full speed.

BGG: what does this do?? It seals off a Maliki third term… should he somehow evade all the pitfalls between here and there – term limits would effectively kill any chance he would have for a third term as PM.

​ ~~~

Read More: http://www.dinarupdates.com/showthread.php?23643-News-Time-with-BGG-11-01-15&p=135523#post135523
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Enorrste (Dinar Guru) – Artcle:  “Central was able to overcome the side effects of currency” This is, without a doubt, one of the best articles we have seen in a long time.  It lays out quite specifically and clearly that the GOAL of the CBI is not just stabilizing the value of the dinar but raising it was well.  Furthermore, it specifically says that the fact that the GOI was sucking up so much currency to keep the government running will NOT stop them in their goal of raising the value of the dinar.  …it clearly lays out the policy of the CBI to do more than just stabilize the currency:  It specifically says that it will “maintain stability at the target in each stage or period of revaluation ranges.”  The last two words are extremely significant here, because they are saying that they will maintain stability AS THE VALUE RISES for the dinar.  [post 1 of 2….stay tuned]
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tman23 – Maliki is right, Abadi’s reforms are illegal according to the Constitution…On the other hand, if reforms are not sought out and implemented, Iraq will crash and burn. November is going to be the deciding factor for Abadi’s future and Iraq. There has been enough media inside Iraq through minister interviews calling for November to be a cash crunch crisis of epic proportions.   Makes you wonder how can it get any worse? IMO…Sistani has given Abadi his backing and blessing…AND for Abadi to avoid defeat he needs the support of the people…the salary ladder has a large opposition…if the IQD comes with a new value attached to the new salaries AND the IQD is worth more then the dollar…Abadi will have carte blanche with citizens of Iraq.
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Stryker (Dinar Guru) – …we should start seeing news concerning the deletion of the zeros real soon if I am correct that the first of the year should bring currency reform to Iraq. Not only are we hearing news as I predicted but we are hearing it straight from the horses mouth himself. And he says what we are looking for is probable!   [post 3 of 3]
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Allawi is moving secretly to replace Abadi

Iraqi source familiar revealed that the former prime minister and leader of the National Coalition, Iyad Allawi, conducted during the last period the movements and meetings with various parties of the Iraqi political forces, in order to limit the development of what promise in a secret letter to the President of the Kurdistan region, Massoud Barzani, access to a comprehensive breakdown of everything is difficult to avoid what No research group urgent options.

The insider said that “Allawi sent a letter secret to the President of Kurdistan, Massoud Barzani, content that the country today is undergoing a severe crisis, political and security, and the crisis of judgment made ​​him on the edge of the abyss, making it difficult to predict whether Iraq will be able to to hold out until 2017 unless rectify the matter through bold and responsible decisions play on two pillars, namely either stop the Prime Minister Haider al-Abadi when alone, especially its uniqueness power and take ill-considered decisions, or replace it in spite of the difficulty of finding understudy because of the problem of political consensus, or work to strengthen it.

“The source added to say that” Allawi and after that went up with Abadi some time ago on the backgrounds charges Abadi him that his government is that were beginning to legitimize corruption, he began to work on the composition of the lobby of the National Coalition, led by the Federation of Sunni forces, as happened in the light of green from all of the leaders of Moqtada al-Sadr and the Islamic Supreme Council Ammar al-Hakim. ”

Read More: http://www.dinarupdates.com/showthread.php?23693-Allawi-is-moving-secretly-to-replace-Abadi-11-2

BGG ~ Of Course Allawi is – but historically, these maneuvers haven’t gone well for Allawi – why would Barzani CARE?? With Abadi he gets everything he wants. Who would replace him?? Maliki?? Gimme’ a break – no one will put up with that!!

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wmawhite (Dinar Guru) – [what are your thoughts on things that need to happen prior to RV?]   I think [we] are seeing them…the CBI will not tell the world this is what they need to do before they change the value of the IQD. However, back in March (March 3, 2015) the CBI told the world that the Delete the zeros project had the green light and it would be preceded by administrative and procedural issues…and that is what IMO we are seeing now.  [Do you think it will “cost” iraq anything to RV their currency?]   Iraq is NOT selling lottery tickets…it does not cost a country to exchange its currency with another country…they “exchange” one currency for another…[some people say, “they cant afford to RV” like give so much value...?]  It is the opposite if they do not…today if they continue it costs Iraq 1166 to 1 USD…that is murder…So if they don’t it will bankrupt them. So revaluing is in their best interest.
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Stryker (Dinar Guru) – Quote: “He said the central bank governor that the issue of deletion of zeros from the currency, will be in the event of an administrative and security stability can control the state of the markets, and the imposition of standardized pricing on goods.”  The CBI Governor went on to say that the deletion of zeros will take place in the event that administrative and security stability can control the state of the markets, which we are witnessing…the market rate is stable at 1215. And with other austerity measures underway, the reform packages in placed and implemented, the market rate will remain stable and even gain ground against the dollar over these next few months.  Standardized pricing on goods is the key for a large revaluation folks!  [post 2 of 3….stay tuned]
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Stryker (Dinar Guru) – Quote:  “Keywords and said that Iraq has a reserve of cash currency, which protect him from falling into a severe economic crisis, or the inability of the State to provide the employees’ salaries, and cover the projects, “pointing out that” Iraq reserves estimated at more than 1,500%.”   The Governor of the Central Bank of Iraq announced today that Iraq still enjoys a comfortable reservoir of foreign cash currency. He also pointed out that Iraq’s reserves estimated at more than 1,500%, showing us that it is not only possible that the dinar could revalue overnight by a 1,000% but is probable that the real value of the dinar will be at least $1 USD to 1 IQD.   [post 1 of 3….stay tuned]
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tman23 – Gotta run….But as I posted early October……The Investment Law would be passed before 10/31….and 11/1 -11/3 had some possibilities moving forward…..I have confirmed a meeting to take place on Friday 11/6 which is strange because of it their Holy day…I joke about the post on “not confirmed” but Iraq revalued….But all honesty, I would not be surprised by such news at this point…
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(SEE BGG NOTES AT END…)

The Official Revaluation of the Iraqi Dinar Started Today, 1 NOV

( Note: This was emailed to us by an anonymous source. We do not confirm whatsoever that Iraq had officially revalued the dinar.) 

10/31/2015 1:06

BAGHDAD – Iraq officially revalued its currency today, introducing a new international exchange rate.

The rate changed for the first time since the invasion of 2003. Now with the lower denomination notes delivered across the country, banks have introduced a new and international exchange rate for the Iraqi dinar. Thousands of people lined up to exchange their old Iraqi dinars for freshly printed new ones.

All the higher denomination dinars can be exchanged for new lower denomination ones on a one-to-one rate. The new official exchange rate is 1.16 American dollars for one Iraqi dinar.

The country still faces the threat of the Islamic State. But with the new economical reform, the people of the country are more united than ever.

For citizens exchanging money today, there was little they could do in Iraq. Many of those in line said they planned to use their money for vacations or for shopping trips in the UAE.
“I need to get away from Islamic State and their terrorism,” said Al-Bishr Farhan, an engineer in his late 30’s who said he was withdrawing 2,500 new dinars to take a vacation in the Bahrain.

Imad Hassan al-Jabir, a 40-year-old retired soldier felt relieved as he said, “I feel secure knowing that I have enough cash.”

BGG ~ This is the post going viral (creating the big stir) – Is it good to hear? Yes. However, I don’t believe it for one second. When this happens – it will be everywhere within minutes. End of story…

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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:…

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 – see first post in this Thread: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

1 Corinthians 16:13-14 (NKJV)

13 Watch, stand fast in the faith, be brave, be strong. 14 Let all that you do be done with love.

Heavenly Father, Thank You for the measure of faith You have given us! Let everything we do be done with love for Your glory! 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 – 11.01.2015

http://www.cbi.iq/

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We know what we are, but know not what we may be.
William Shakespeare

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*** Current Posts ***

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wmawhite (Dinar Guru) – …ISIS has zero to do with what the exchange value is of the IQD. The exchange value is its worth outside of Iraq…not inside. ISIS is an issue in many places besides Iraq. Furthermore, it is an electronic event. It doesn’t not require a bank teller standing at a window in a bank. There will always be security issues WORLDWIDE. It is the new reality. A different world and it will not stop Iraq from what they want to be within the world economic forum.
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Steve (Dinar Guru) – As for the HCL, well, we have been told that it was done a while back, but price of oil changed, budget of 2015 never got fully released or a portion of it to keep the operations of Iraq going. This is not only exciting for us, but finally for the citizens of Iraq. We are almost there.  I am extremely positive but anything can still happen. We also found out that Maliki is pretty much history…him blowing off steam is getting ignored by most. His days are numbers in many ways.  [post 2 of 2]
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Aggiedad77 (Dinar Guru) – he spoke of a Baghdad free of terrorism…the cradle of civilization… what a great choice of words…the Baghdad that is to return to world renown…they reconstruct and at the same time the eliminate red tape that formerly stood in the way…how…by making amendments to existing laws that wipe away the red tape and bring great shame to corruption...  Even with low oil prices they continue to seek ways to finance their country through greater emphasis on activities within the public and private sector both that take away so much focus on oil.  Watch what they do in November…keep track of the accomplishments.  [post 2 of 2]
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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!!
______________________________________________________________

SteveI (Dinar Guru) – [Do you and your sources see this likely happening before the end of the year or early next year?]  From our contacts and my own beliefs, (I really do not like to predict any specific time period due to the constant changes in Iraq) but this year looks excellent. ISIS is almost a thing of the past. I talked to [Guru] Ray the other day and he also believes we are right at the verge of this happening. Again, once ISIS is fully under control (one major city left) and then it looks really good for this to happen. They finally did agree to $45 per barrel for the 2016 budget regardless what you are reading in the news, and they are making a lot of adjustments to make that happen.  [post 1 of 2….stay tuned]
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Aggiedad77 (Dinar Guru) – we have great EXPECTATIONS for November, we expect to see great movement from within Iraq during this month…We’ve already seen a commitment from Parliament to hang around for 30 days and delay their vacation…why…to pass the budget...the budget they have been asked by PM Abadi and COM to not change…read it once…twice…then vote upon it.   Abadi spoke at the opening ceremony for the 42nd Baghdad International Fair…a fair attended by many both from within Iraq and many from outside…  [post 1of 2….stay tuned]
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Millionday – Qutoe:  “The primary objectives of the Central Bank of Iraq (CBI) is to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq”   THAT IS FROM CBI.  DIDNT IT SAY THEY HAD TO APPLY EXCHANGE RATES ETC BEFORE? THEY CHANGED WHAT IT SAID… I REALLY DONT KNOW THE EXACT DATE IT CHANGED BUT FOR MANY MANY YEARS IT DID NOT SAY THAT.  IT APPEARS TO ME THEY HAVE THEIR ACTUAL INDEPENDENT RULES NOW.  [so now it is assumed the rate will be applied…and now it says keep it stable etc?]  SMILE — IT READS WHAT THE CONSTITUTION STATES FOR THE CITIZENS IN SO MANY WORDS. [could they progress all the way into the year of 2016 with all the laws being passed?] WE DONT KNOW THE DATE — IMO I DONT THINK SO.
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Iraqi Dinar/Dollar auction (from) 11-01-15 

Currency Auctions Announcement No. 3063 (most recent listing – No change)

This daily currency auction was held in the Central Bank of Iraq on the 11-01-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – [With AML and investment laws done would it be reasonable to think that we may be close.]   I am sticking with the schedule the CBI stated..50k by end of year, and 50,100, 200 by beginning 2017.   If I am correct, we will see them spend the next 2-6 months reducing the notes count and getting in compliance with the IMF (the IMF even said they are sending a team to help with compliance beginning of 2016) and then around mid 2016 they will unpeg and the dinar will begin to rise creating enough pressure to raise the value to about .05 cents beginning 2017 (which would make the 50,100, 200 appropriate).  Can the timeframe change?  Sure it can.
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Aggiedad77 (Dinar Guru) – …here are some things to think over as we work our way towards a new tomorrow…things in Iraq are being generated at a never before seen speed…they are amending laws…much if not all of this process is complete…The Parliament received the 2016 budget from the COM this month and although the…Finance Committee tried to bellyache that it was “late again” this is one of the earliest times Parliament has gotten it in their hands in recent years…Now let’s see how the Finance Committee …will try and delay work on this.   …we saw Parliament vote today to stay in session in November rather than take a break…  …the Oil Minister Zebari spoke today too about the HCL.  November is going to be like no other month we’ve seen to date in Iraq.
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rcookie – [with all the news that they are ready to get this done, do you see anyway they will wait till next year to do this?]  I REALLY DONT THINK SO…THEY ARE REVEALING THEIR PLANS FOR THE PRIVATE SECTOR…SINGLE WINDOW LAUNCH EVERY DAY…AND HAVE LINES OF COUNTRIES WAITING TO DO BUSINESS WITH THEM.  [what does single window mean?] The main value proposition for having a single window for a country or economy is to increase the efficiency through time and cost savings for traders in their dealings with government authorities for obtaining the relevant clearance and permit(s) for moving cargoes across national or economic borders.
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Backdoc (Dinar Guru) – ITS TIME FOR THIS LONG TRAIN RUNNIN TO COME INTO THE STATION SOON! WITH LAWS DONE OR SITTING IN THE WAITING ROOM READY TO BE ACTIVATED COMPLETELY WE SEE CONTINUED MOVEMENT ON CURRENCY PREPARATION!  NOVEMBER SHOULD PROVE QUITE INTERESTING! WE WON’T BE WAITING IN OUR MONETARY REFORM WAITING ROOM MUCH LONGER! THE BIRTH SIGNS OF THE NEW REALITY ARE ALL OVER US!
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Mnt Goat (Dinar Guru) – No prospects for an RV…in the coming month of November. Sorry Folks! Later December and possibly early Jauary has prospects…  There is a target and a plan I can assure you of this. They are moving at lighting speed to get there.  They have set a target of mid 2016 to be fully international.   …they need three things to happen prior to any RV – Political, Economic and Security Stability. But they are getting very close as I know ISIS does not have to be perfectly gone in order to RV.   …Maliki must be taken down and brought to justice or there will be no RV.  I can assure you this must be done prior to the scheduled December Reconciliation (or Unity) Conference  or they will not get anywhere in the conference and it will only be a failure.
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Frank26 (Dinar Guru) – [is there any crumbs can share with us…?]   MANY…Know we are very close.
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Enorrste (Dinar Guru) – Article quote:  “Announced Shura Islamic Dawa Party Council, on Friday, his support for the reforms of Prime Minister Vahidi Abadi, which came in response conscious to the appeal of the Supreme religious authority and in response to popular demands, while stressing the importance of rationalizing and development of reforms in the framework of the Constitution and so as to push the wheel of the political process forward.”    I found this short article to be nothing short of amazing.  Earlier in the week we had an article in which it was said that the Dawa Party (Maliki’s State of Law) was urging Abadi to step down because he was so ineffective.  Now we see that just the opposite is being claimed here.  Is this a clue that Maliki is losing his grip on the Dawa Party?
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wmawhite (Dinar Guru) – “…Iraq’s Minister of Finance Hoshiyar Zebari told the Reuters news agency on Wednesday that restarting the oil-sharing agreement between Baghdad and Erbil was vital for the 2016 national budget, expressing hope that a delegation from the Kurdistan Regional Government (KRG) would help reach an agreement.”   WOW…reinstate the oil-sharing…reinstated again and both sides implement…This tells me that the HCL has all along be in place…just not implemented.
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Aggiedad77 (Dinar Guru) – Article quote:  “Former Iraqi Prime Minister Nuri al-Maliki said that he was still vice president, pointed out that the three deputies resorted to the judiciary against Abadi decision to cancel their posts...”    Interesting news on Maliki…so as with a snake…Maliki has no leg to stand upon…the reforms have been announced, they have been agreed upon by Parliament, and President Masum has given a head nod…Maliki is doing that final dance a snake does when you cut off the head…the squirming and twisting like it is trying to get out of it’s own body.  PM Abadi comes on strong at the same time as Maliki is throwing his temper tantrum, stating the reforms, they are in place and moving forward…meanwhile the Sunni’s appear to be restless with Abadi and his reforms at this time…time marches on.
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Frank26 (Dinar Guru) – …the Pentagon is now officially talking about troops in Iraq…timing…  the US budget that hasn’t been balanced in a long time is about to explode…  IMO…you will now see President O go to the Middle East…timing…just my opinion.  Jack Lew was in charge at that time with what happened in Kuwait. Lew spent nearly a year in Iraq with the CBI and Dr. Shabibi…he said here are the mistakes we made before with the currency…please don’t make these same mistakes again.  IMO…it will come out at 1:1…then free float up to the $4.20 range within a year.
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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:…

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 – see first post in this Thread: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

1 Corinthians 13:6 (NLT)

6 It does not rejoice about injustice but rejoices whenever the truth wins out.

Heavenly Father, Thank You that You are Love! Thank You, that You are Faithful and True! We rejoice in Truth! In Jesus Name, Amen.

Mrs BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 10.30.2015

http://www.cbi.iq/

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By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.
~ Confucius

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*** Current Posts ***

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wmawhite (Dinar Guru) – “…Iraq’s Minister of Finance Hoshiyar Zebari told the Reuters news agency on Wednesday that restarting the oil-sharing agreement between Baghdad and Erbil was vital for the 2016 national budget, expressing hope that a delegation from the Kurdistan Regional Government (KRG) would help reach an agreement.”   WOW…reinstate the oil-sharing…reinstated again and both sides implement…This tells me that the HCL has all along be in place…just not implemented.
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Aggiedad77 (Dinar Guru) – Article quote:  “Former Iraqi Prime Minister Nuri al-Maliki said that he was still vice president, pointed out that the three deputies resorted to the judiciary against Abadi decision to cancel their posts...”    Interesting news on Maliki…so as with a snake…Maliki has no leg to stand upon…the reforms have been announced, they have been agreed upon by Parliament, and President Masum has given a head nod…Maliki is doing that final dance a snake does when you cut off the head…the squirming and twisting like it is trying to get out of it’s own body.  PM Abadi comes on strong at the same time as Maliki is throwing his temper tantrum, stating the reforms, they are in place and moving forward…meanwhile the Sunni’s appear to be restless with Abadi and his reforms at this time…time marches on.
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Frank26 (Dinar Guru) – …the Pentagon is now officially talking about troops in Iraq…timing…  the US budget that hasn’t been balanced in a long time is about to explode…  IMO…you will now see President O go to the Middle East…timing…just my opinion.  Jack Lew was in charge at that time with what happened in Kuwait. Lew spent nearly a year in Iraq with the CBI and Dr. Shabibi…he said here are the mistakes we made before with the currency…please don’t make these same mistakes again.  IMO…it will come out at 1:1…then free float up to the $4.20 range within a year.
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Follow us on twitter @DinarUpdates !!

Dinar Updates ‏@DinarUpdates 

Parliament proposing the introduction of new [value?] currency to deal with economic crisis

http://www.dinarupdates.com/blog/ 

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Adam Montana (Dinar Guru) – [Concerning Iraqi bond offering.  If I understand correctly, Iraq has removed this offering because of lack of interest from the international community.  If there is a lack of interest for bonds, how can IQD new value will be sustained?]  Did Iraq drop the bond offering due to lack of interest? Or did they never plan on fulfilling it, but wanted to see if there was interest? MY sources feel that there was plenty of interest, but in fact they never intended to sell. They were just testing the waters. Whether that is the case or not remains to be seen… and I think we will know the answer after the HCL and RV is announced, because that’s when Iraq will show their cards.
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Millionday – I THINK THEY ARE FURTHER ALONG THAN THEY HAVE REPORTED AS WE THOUGHT — SUNDAY THEY MET AND APPROVED REFORMS AND TUESDAY MET AND APPROVED IMPORTANT LAWS — MALIKI LOST POWER A YEAR AGO — AND THEY ARE HOOKED TO WTO DATA SYSTEM AFTER RECENT WORK SHOP ON TARIFF — TO MAKE ENTRY FOR FOREIGN INVESTORS EASY — WHOOOPOW.
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wmawhite (Dinar Guru) – …what is the CBI telling the world when it is in the process of using its gold reserves to purchase its currency from the citizens of Iraq?   …the CBI owns the IQD…why would they want to buy it back?   …unless they have plans to do what?  A person buys an under valued stock NOT if he/she believes it will go down in value…instead, you buy it believing it will go up in value.  The difference here is that the CBI is the issuer of the stock…the IQD…they CONTROL its value and here they are wanting it back.  IMO, we are watching the end of the process to reduce the note count…using gold is the one tactic that will get the rest of it in.
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rcookie – Article quote:  “Zamili called on former Prime Minister Nuri al-Maliki to “give himself up to the judiciary to show Are innocent or guilty,” returned Mosul report “as significant and should not leave it.”   ROCK THE CASBAH! MALIKI IS TOAST! JUST TIMING.  ZAMILI CALLING FOR MALIKI TO GIVE HIMSELF UP TO THE JUDICIARY!  175 PAGE FALL OF MOSUL REPORT OF DOCUMENTS, TESTIMONY & PHOTOGRAPHS AND EVIDENCE THAT CANNOT BE “GLOSSED” OR IGNORED…ALREADY IN HANDS OF INTEGRITY…JUDICIAL COUNCIL..AND MULTIPLE COURTS.  BYE BYE NOURI!
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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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Kaperoni (Dinar Guru) – It has been clearly stated by the IMF the plan. …that is what currencies do…they float. Most currencies in the world float, with their value determined by supply and demand. Salaries, wages and cost of goods are usually not adjusted daily, but adjusted monthly making for very realistic and seamless growth that is reflected by the strengthening of the dinar and reduced cost of goods.   What is unrealistic is to think about a RV or some other overnight event. With well over 30 trillion dinar it is physically impossible for Iraq to revalue the dinar.  [post 2 of 2]
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Shredd (Dinar Guru) – Article quote:  “Abadi continued that “the current currency includes forged categories but simple numbers will not pose a threat.”   This is the golden nugget folks.  “Simple numbers” refers to lower denominations which cannot be released without a rate at or above 1 to 1.  If the CBI agrees to this timing, we can expect a par rate by the first of next year. Time will tell!
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Kaperoni (Dinar Guru) – Article quote:  “Confirmed member of the House of Representatives Abdul-Salam al-Maliki that the plans laid down by the state in connection with the processors need more than being a cash transaction process…”   It is clear, that despite what many think, the dinar does not rise or appreciate overnight (prosthesis solutions). Their is no overnight flip of a switch or event.  IMO, he is clearly stating that the goal is the raise the value, and issue a new currency, but it takes time as they must put the processes and measures in place to create the environment to do so. That means passing laws, stabilizing the dinar, creating the environment for investors, etc.  In other words, the dinar will appreciate based on sound financial and economic principles.  The end result will be good and worth waiting for.  [post 1 of 2….stay tuned]
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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:…

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 – see first post in this Thread: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

1 Corinthians 10:31 (NKJV)

31 Therefore, whether you eat or drink, or whatever you do, do all to the glory of God.

Heavenly Father, we Praise You! We pray that today whatever we do, we give You all the Glory! In Jesus Name, Amen.

Mrs BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 10.28.2015

http://www.cbi.iq/

______________________________________________________________

What we obtain too cheap, we esteem too lightly; it is dearness only that gives everything its value. – Thomas Paine

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*** Current Posts ***

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Follow us on twitter @DinarUpdates !!

Dinar Updates ‏@DinarUpdates

The parliamentary economy suggests a new currency to address the economic crisis

http://www.dinarupdates.com/blog/

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rcookie – “the law reassured investors through the possibility of resorting to international arbitration between the investor and the government,” noting that “the law introduced sophisticated provisions encourage investment in the country.” INTERNATIONAL ARBITRATION! FOREIGN INVESTMENT NOT POSSIBLE WITHOUT! THAT IS MANDATORY!
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Kaperoni – Many areas in Iraq are somewhat safe and the passing of the Investment Law will help them. Iraq has 18 provinces including the Kurdistan region with only a few at risk of ISIL.
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Millionday – Press statement: “…the government’s search for support of the country’s economy and dependence on non-oil imports, such as investment and collection real alternatives as do the developed and developing countries of the world.” THE INVESTMENT LAW PASSED TODAY AND HE IS SAYING THAT THIS WILL ALLOW THEM TO DEPEND ON NON-OIL IMPORTS AS IN INVESTMENTS AND OTHER ALTERNATIVES AS OTHER COUNTRIES IN THE GLOBE DO. SO THE LAW IS HUGE OF COURSE…IN FACT — ITS PRINTED…PUBLISHED. [in the gazette?] YES ACCORDING TO WHAT I HAVE READ. I WOULD SAY THIS WAS VERY FAST…
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DinarUpdates.com News Time Chat 10-27-15 PM

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

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

Millionday: I HAVE NOT SEEN 2016 BEING THE TIMELINE OF ACTIVATION — IN FACT INDUSTRY IS BEING ACTIVATED /LICENSED ACCORDING TO NEWS TODAY — LOTS GOING ON

Millionday: IRAQ HAS ASKED BP TO RAISE THEIR RATE OF WORK IN IRAQ — THIS IS BIG DUE TO CHINA AND BP SIGNED AGREEMENT IN SOUTH FIELDS

msdiva: Basically they can do this at anytime no date required

Millionday: THE DATE IS NOT RELEASED BUT IMO — AND BY MUCH IN THE REPORTS — ANYTIME —

Millionday: THIS IS PARLIAMENT AND TODAY WITH PLANS VERY IMPORTANT

​ ~~~

Read More: http://www.dinarupdates.com/showthread.php?23327-Millionday-News-10-27-15
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SteveI (Dinar Guru) – 2016 budget will pass quickly. [JMO, but think funding for investment projects are anticipated coming from outside investors along with the growth of their local businesses. Which is why today’s vote to amend the investment law was so critical.] This was very critical to get accomplished. Finally the home stretch is here!
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rcookie & wmawhite – HERE IS SOMETHNG THAT WILL FLY UNDER RADAR WITH ALL THE OTHER GREAT NEWS TODAY…COUNCIL MEMBERS RETURNING THROUGHOUT ANBAR PROVINCE TO HOLD 1ST SESSIONS! ANBAR PROVINCE! Could it be that ISIS is losing it’s grip and the Sunni tribes? Great news.
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Enorrste (Dinar Guru) – They obviously had put enough pressure in the right places to see that this important law got through the Parliament. Finally, this is a huge feather in Abadi’s cap, in my view. The longer term repercussions will be that he will be seen as the man who opened the door to genuine economic growth in Iraq. Along with that will come a greater push from him for more reforms, in my view. He will ride this wave as far as it will take him, which may mean all the way to getting Maliki arrested on corruption charges, along with all of his cronies. [post 2 of 2]
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Folks – The DU Chat Room is back up and running!! Thanks – BGG

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Enorrste (Dinar Guru) – Article quote: “the parliament voted unanimously on the Second Amendment to the Iraqi Investment Law No. 13 of 2006.” I was particularly impressed that the Law passed with 100% of parliament in favor of it. This probably means that the not so veiled threat from the IMF that they needed to get this done during the month of October fell on open ears. Imagine ANYTHING getting 100% of the vote in Iraq’s Parliament! Now we can see why the IMF felt comfortable, in spite of the terrible security and financial situation in Iraq, to state unequivocally that Iraq would “enter the world market” by the beginning of 2016. [post 1 of 2….stay tuned]
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rcookie – INVESTMENT LAW & NATIONAL CARD LAW…JUST LIKE THEY SAID THEY WOULD! NO TABLING & SHELVING…THE INVESTMENT LAW IS ALREADY A LAW! THEY HAVE MADE REVISIONS AND AMENDED…THEY VOTED ON THE 2ND AMENDMENT TODAY. JABOURI ANNOUNCED REPLACING HEADS OF PARLIAMENTARY COMMISSIONS! SO MUCH INCREDIBLE NEWS TODAY!
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Millionday – IT IS THE LAW (INVESTMENT) THAT LAYS OUT ALL THE REGULATIONS FOR THE MANY TRADE AGREEMENTS IN IRAQ AND INTERNATIONALLY — IT HAD TO BE IN PLACE FOR IRAQ TO DIVERSIFY AND ALSO IMPORT/EXPORT — IT IS THE CAR TO DRIVE THEIR ECONOMY TO WHERE IT SHOULD BE. SO MANY AGREEMENTS NEED ACTIVATED — AND DUE TO INVESTMENT LAW BEING LAW — WE SHOULD SEE FAST PROGRESS.
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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!!
______________________________________________________________

Mailman17 (Dinar Guru) – CONTROL OF CORRUPTION WAS ALSO A MUST AND THEY HAVE REGAINED THAT CONTROL AS WELL. NOW WE WAIT. BUDGET LOOKS LIKE ITS A NO BRAINER AND SALARIES WILL BE ADJUSTED TO THE NEW RATE. IRAQ IS IN THE FINAL STAGES OF DOTTING THE I’S AND CROSSING THE T’S. AND AS FAR AS THE BONDS ARE CONCERNED THEY WILL ALSO MAKE NEWS BUT NOT AT THE CURRENT RATE. WHO’S TO SAY THEY WONT BE BOUGHT UP INTERNALLY USING DINAR WITH PAYOUT IN DOLLARS…SURE WOULD CLEAN OUT WHAT DINAR IS LEFT, NOT ONLY IN PEOPLES HANDS BUT BANKS AND COMPANIES ALIKE. JUST A THEORY. AND REMEMBER TO THINK TWICE ABOUT THE CRxP NEWS MEDIA PUTS OUT…JMO. [post 2 of 2]
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Mailman17 (Dinar Guru) – IRAQ CANNOT COME OUT LOW WITH SMALL DENOMS WAITING. THEY WILL NO WAY COME OUT AT A DIME AND MOVE UP, IF THEY DID THEY WOULD THEN HAVE TO INTRODUCE ONE NOTE AT A TIME TILL IT HIT A DOLLAR. NEVER IN HISTORY HAS A COUNTRY DID THAT…EVER…IT CLEARLY WOULD CONFUSE EVERY IRAQI NOT TO MENTION THE MARKET. IRAQ WAS PEGGED TO COME OUT ON PAR. NOW IF THEY WANNA FLOAT FROM THERE OR AT LEAST A MANAGED FLOAT OR MARKET DRIVEN….FINE. IMO..THEY WILL START NO LESS THAN A 1-1. AND JUST CAUSE ISIS WAS THERE, AND I SAY WAS…THEY ARE NOT THE MAIN REASON THE ME STALLED…SURE THEY WERE A PAIN…BUT REFORMS AND LAWS NEEDED TO BE PASSED…THEY ARE ALMOST DONE IN THAT CATEGORY. [post 1of 2….stay tuned]
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DinarUpdates.com News Time Chat 10-27-15 PM

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

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

Millionday: MP what Zen Mezni stressed that the investment law, which passed today is one of the country’s imports and development tools.
​
Said Mezni in a press statement singled out by the agency all of Iraq [where], that “the government’s search for support of the country’s economy and dependence on non-oil imports, such as investment and collection real alternatives as do the developed and developing countries of the world.”

Millionday: NOTE — THE INVESTMENT LAW PASSED TODAY AND HE IS SAYING THAT THIS WILL ALLOW THEM TO DEPEND ON NON-OIL IMPORTS AS IN INVESTMENTS AND OTHER ALTERNATIVES AS OTHER COUNTRIES IN THE GLOBE DO

​ ~~~

Read More: http://www.dinarupdates.com/showthread.php?23327-Millionday-News-10-27-15
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Stryker (Dinar Guru) – Investment Law Passes Brings Revaluation Closer.
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Revbo (Dinar Guru) – Article quote: “the parliament voted unanimously on the Second Amendment to the Iraqi Investment Law No. 13 of 2006.” This may be the biggest day in Iraq since the war. Certainly since Chapter 7. Now, large investors can come in, secure in their investments, and can build Iraq where the government has failed. It’s not the government’s fault. It’s just the nature of government that it can’t build an economy. Only the private sector can accomplish that, and things are about to change in a huge way. Large investment will put large upward pressure on the dinar, as well. …Iraq will now become a dollar sponge, sucking investments, in dollars, from around the world, driving the value of the dinar up in the process as Iraq, itself, becomes more valuable. They’re letting foreign investors own land, too, which is a big deal. If I’m an investor with millions/billions to put into a project, it would be very reassuring to know I not only own my facilities, but I also own the ground on which they are built.
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tlm724 (Dinar Guru) – Article: “Law Second Amendment to the Investment Law No. 13 of 2006 27 October 0.2015” Great news for Iraq and for us! They finally amended and passed the Investment Law! Several things jump out at me in this law. First is that it encompasses both foreign and domestic investors as it should. Secondly is that this law is giving great authority to the National Authority for Investment to develop and sustain investment in the country.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Tuesday 10/27

Smart phone user link – Click here

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rcookie – Article quote: “The House of Representatives voted on Tuesday unanimously approved the second amendment to the Iraqi Investment Law No. 13 of 2006.” Heres that pesky “shelved & tabled” Investment Law voted on just like they said they were going to do…
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Kaperoni (Dinar Guru) – Article quote: “House hold, Tuesday, led by its 32 Saleem al-Jubouri and the presence of 230 deputies. And held parliament its 32 legislative year Althanihalvsal first legislative agenda of includes a vote on the draft second amendment bill to the Investment Law No. 13 of 2006 (Committee on Economy and Investment, the Finance Committee).” Looks like it passed. Will get confirmation…from parliament as soon as posted. But great news!
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The Exchange Rate of Foreign Currency in Economic Feasibility Studies

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:…

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 – see first post in this Thread: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

Luke 1:37 (NKJV)

37 For with God nothing will be impossible.”

Heavenly Father, Thank You that You are Love! Thank You that nothing will be impossible with You 🙂 In Jesus Name, Amen.

Mrs BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 10.25.2015 (no change as of 10/22)

http://www.cbi.iq/

______________________________________________________________

Believe you can and you’re halfway there.
Theodore Roosevelt

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*** Current Posts ***

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Sunday Dinar Call!!

“for Dinar News – that MATTERS!!”
from Sunday 10/25 – 4:30pm cst

Smart phone user link – Click here

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Kaperoni (Dinar Guru) – Article quote:  “If you look at public spending, a significant proportion of it are in foreign currency, which means that the currency was floated or re-pricing will not contribute significantly to the financing of the budget deficit..”   This statement IMO is very important…there is no intent to revalue. It is not physically possible.  I think that he is saying that until the dinar is worth more than the dollar it would not reduce the budget.  That being said, only about 20% of the 2016 budget anyway is “investment” so it would not have much effect.  The majority of the budget is “operational” meaning salaries, expenses etc.  and we all know a dinar is a dinar in Iraq.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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 2:8-9 (NKJV)

8 For by grace you have been saved through faith, and that not of yourselves; it is the gift of God, 9 not of works, lest anyone should boast.

Heavenly Father, we praise Your Holy Name! Thank You for the gift of Grace through faith 🙂 In Jesus Name, Amen.

Mrs BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 10.24.2015 (no change as of 10/22)

http://www.cbi.iq/

______________________________________________________________

“Tolerance and apathy are the last virtues of a dying society,” – Voltaire

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*** Current Posts ***

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Frank26 (Dinar Guru) – MR [Monetary Reform] into 2016 with RI/RV before the end of the year.  Their MR pace will be the fastest in IMF history…IMO.
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Mnt Goat (Dinar Guru) – …Iraq is resolving their corruption and terrorist issues, but this is the stage Iraq is in right now. It has taken some time but it is sure progress. Maliki and his goons and the Iranian influence must be out of politics completely and safely neutralized or no RV…the USA and UN’s process not mine. This stance has not changed a bit. Iraq must have their National Unification (or Reconciliation) Conference before any RV.  It is not even scheduled until late December early Jan. Banking and Investment strategies must be deployed or NO RV.  Includes the Investment law and the new banking practices. All eyes are watching for the Investment law to be passed in parliament this coming week. Can we expect to see an RV soon?  No!   I can tell you with all my heart and soul there will be NO RV until at least December or early January 2016…this is only a possible time frame that seems to me and others could be feasible.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

EXOGEN (Dinar Guru) – ON APRIL 30TH 2015 WE TOLD THE WORLD THAT NOTHING WAS HAPPENING WITH THE RV OR THE RI AND DO NOT LOOK FOR ANY ACTIVITY OR PROGRESS UNTIL MID OCTOBER AND THERE WAS A WINDOW THAT WOULD BE OPENING DURING THAT TIME IF SOME EVENTS TOOK PLACE… UNFORTUNATELY THAT OCTOBER WINDOW IS ABOUT TO CLOSE!  NEXT WEEK SHOULD BE INTERESTING WITH THE IRAQ BUDGET…WE CONTINUE TO WAIT FOR “FULL SANTA”
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tman23 – The governments supporting this will never allow this value of money to be floating around for long……….It requires a short exchange window time period……. WE know they are eliminating corruption and accounting in the trillions with adding 3 zeros makes it easier ……….. They are going to lift the 3 zeros and need to do so before/start of 2016……… And by the salary ladder they have announced…….it works to values around $2.66 per dinar……… That being said: In what world does 10 cents or 56 cents work on new currency without 3 zeros…….. The hype about what the IMF says is being read through IQD speculator goggles……the IMF will never give a hint to more value coming to currency……AND it appears that even political groups in Iraq don’t have a clue as they demonstrate over the new salary ladder…
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SteveI (Dinar Guru) – I think all of the news is extremely positive and our sources are also echoing the very same things. It will not be long now. Hang in there please.
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Video .. Al Jazeera: Nuri al-Maliki assassinated Iraqi scientists in favor of Israel and Iran

…He noted the film that most of those documents related to the security aspect, as you talk about serious violations of security and abuses occurred on his watch, noting that including secret prisons, torture and murder of identity, and extrajudicial executions, enforced disappearances, which were classified crimes against humanity against the Iraqi people.

…She document display program to al-Maliki role in the formation and management of death squads and torture under his direct supervision, as well as create a private detention centers, follow the Prime Minister’s Office directly, away from the Ministry of Justice in charge of prison management.

The leaked documents dealt with a clear role in regulating entry to the Islamic State of Iraq, despite warnings preceded by the arrival, confirm the movements come from Syria to Iraq.

The secret document also referred to the issue of the parliamentary commission of inquiry report containing a high recommendation to refer to al-Maliki, the Iraqi judiciary, as the extradition of the accused President Mosul to organize the Islamic State, in June 2014…

Read More: http://www.dinarupdates.com/showthread.php?23194-Video-Jazeera-Nuri-al-Maliki-assassinated-Iraqi-scientists-in-favor-of-Israel-amp-Iran
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rcookie – [can anyone tell me what happened regarding the vote on the investment law?]   LOOKS LIKE NEXT WEEK TO TAKE CARE OF THE 3 MINOR ADJUSTENTS THAT DEAL WITH AUSTERITY...(NUMBER OF MEMBERS OF 2 COMITTEES) AND LAND TITLE AGREEMENT FOR FOREIGN COMPANIES DOING BUSINESS IN IRAQ (LAND OWNERSHIP).
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wmawhite (Dinar Guru) – …you need to understand the difference between apples and oranges…the difference between Iraq and China/Vietnam.  China/Vietnam want its currencies to be under valued because they export everything to the world…if their currency is cheap, their exports are cheap and we buy them. Iraq imports 90+% of all their goods…their under valued currency is killing them…it causes their goods to costs more to import. Iraq wants/needs to increase the value of the IQD…they have even told us that.   …stop comparing China’s currency, Vietnam’s currency to the IQD…they are two different ball games.
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Enorrste (Dinar Guru) – ..this announcement came from the Parliamentary Committee on the Economy…the Parliamentary Committee is openly acknowledging that the system as is has existed throughout the Maliki regime was actually designed to stifle investment rather than encourage it.  Not only were there no guarantees for the investor, but in addition to that, “most of its projects stalled and lagging behind due to a large corruption in all departments, provincial councils and the center,”  What the committee is admitting is that the corruption went all the way to “the center” which means Maliki.  In my opinion this is big, because it means that finally some people in positions of authority are speaking out directly against Maliki’s mishandling and outright corruptions of the funds.
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Judge Medhat al-Mahmoud receives representative of the Secretary General of the United Nations in Iraq

(Voice of Iraq) – Baghdad – Judge Medhat al-Mahmoud head of the Supreme Judicial Council, received in his office at the headquarters of the federal judiciary on Thursday (10/22/2015) Mr. Jan Kubis the Special Representative of the Secretary-General of the United Nations in Iraq.

The two sides discussed about supporting the rule and law enforcement, and promotion of human rights concepts, and maintain communication and cooperation between the federal judicial power of the United Nations and the Organization in the public interest.

Read More: http://www.dinarupdates.com/showthread.php?23193-Judge-Medhat-al-Mahmoud-receives-representative-of-Secretary-General-of-UN-in-Iraq

BGG ~ This should have been an interesting meeting… and curious the UN is making a point of meeting with him… 

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wmawhite (Dinar Guru) –  we think that the change in value of the IQD is the only important item on Iraq’s plate…sadly, it is only one of many. All of the pieces we know about are dependent upon each other…including the IQD.   thankfully, the process has speedup…and is coming soon.
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Aggiedad77 (Dinar Guru) – Article quote:  “Al Jazeera, secrets exposed for the first time about the history of the former Iraqi Prime Minister Nuri al-Maliki, who is still acting like the leader of the country, although he had lost all official his political posts...”   This is a massive report…and it speaks volumes I think in the direction of Maliki’s true loss of power over the past couple of months…before August I suspect such a report would not have been dared sent to the press and released.  Indeed…they count his days…and I do believe the number to be rather short…each day he opens his eyes he finds more and more of the deck of cards stacked against him…the clock she ticks.
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Enorrste (Dinar Guru) –  The phrase “entering the market” means allowing their currency to become internationally recognized.  We know that because it comes from the world’s biggest money controller, the IMF.  In other words, for the IMF the phrase is extremely powerful.  It is synonymous with the phrase “become a world player.”  Only a country in Article 8 with an internationally recognized currency can “enter the market” in IMF terms.Of course it may take some time for the actual movement to Article 8.  That is not our concern.  What is our concern is that they begin the float, and the passing of the Investment Law, as KAP and I have said numerous times, is an essential element in making that possible.  Even more importantly for us, however, is that passing that law will go a long way toward allowing the CBI to begin the float.  Once the money starts coming to Iraq the CBI will leap on the opportunity to continue the execution of The Plan.   [post 3 of 3]
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DinarUpdates.com News Time Chat 10-23-15 PM

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

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

Millionday: HELLO EVERYONE

Millionday: WE DIDN’T HAVE NEWSTIME TONIGHT BECAUSE I WAS INTERNET-ALLY STRANDED IF THAT’S A WORD

Millionday: I DON’T KNOW HOW WE WILL JUST WALK AWAY IN THE FUTURE — I FELT AS THOUGH MY FAMILY WAS LOCKED OUT

puffdragon: Got a wake this site up with something really special millionday !

Millionday: PUFF — DID YOU SEE THE VOTE FOR IRAQ FROM LAST NIGHT?

puffdragon: No I did not MD can you show me ?

Millionday: PUFF YES

Millionday: I HAVE MORE ABOUT IT FOR US TOO

Millionday: OCT 21ST,2015 RESULTS >>>Members of ECOSOC must be elected by a two-thirds majority. In the event of a tie, the Assembly would proceed to second round of voting restricted to candidates with equal number of votes. However, in this instance, voting was completed in a single round, as the General Assembly approved the candidates endorsed by the regional groups. Afghanistan, Algeria, Australia, Belgium, Chile, the Czech Republic, Guyana, Italy, Iraq, Lebanon, Moldova, Nigeria, Peru, Rwanda, Somalia, South Africa, the United States, and Vietnam were elected to serve on ECOSOC for the 2016-2018 term

Millionday: WHOOPOW

Millionday: NOW LET ME SHOW YOU WHAT THIS IS — IT BEGAN IN 1945

Millionday: SMILE

Millionday: According to the General Assembly’s rules of procedure, member states are eligible for immediate re-election to ECOSOC following the expiration of their term. During today’s session, Australia, Italy, South Africa, and the United States were re-elected as members of the Council. Notably, the United States has served longer on the Council than any other member, having first been elected in 1945. In addition to these changes, Ireland will replace Austria on the Council at the end of 2015 as part of an internal agreement within the Western European and Others Group. In recent years, WEOG members have occasionally agreed to divide ECOSOC terms between two member states.

Millionday: WHAT IS IT ?>>The Security Council is one of the six principal organs of the United Nations. According to Chapters 5-7 of the UN Charter the Council bears primary responsibility for the “maintenance of international peace and security.”The Security Council is made up of only fifteen members, making it the smallest of the principal organs. This group of fifteen includes five non-elected, permanent members (China, France, Russia, the United Kingdom, and the United States), leaving only ten countries as the elected portion. By contrast, the General Assembly includes all 192 member states and ECOSOC has 54 elected members.

Millionday: NOTE — IRAQ IS ONE OF THE ELECTED COUNTRIES FOR 2016

​ ~~~

Read More: http://www.dinarupdates.com/showthread.php?23211-Millionday-late-newstime-10-23-15
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Enorrste – Furthermore, foreign investment will inject new money into the local economies, which means that the CBI will be enabled, finally to float the currency.  As new money comes into the economy the only way to avoid inflation (too much money chasing the same amount of goods) will be to raise the value of the dinar to offset those affects.  By reducing the amount of dinar currency in the market the REAL value of the dinar will rise, meaning that the same dinar will buy MORE goods, thus reducing the upward pressure on prices themselves. I was also pleased to see that the IMF is chiming in on this today, stating that early next year will see Iraq “entering the market.”  This means that they expect this process to take place and that the float will begin early next year.  The phrase “entering the market” means allowing their currency to become internationally recognized.  [post 2 of 3….stay tuned]
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Enorrste (Dinar Guru) –  Article:  “Parliamentary Economy: Investment Law will happen quantum leap in Iraq’s revenues”  The very fact that this announcement came from the Parliamentary Committee on the Economy means that this will happen.  I find that what the Parliamentary Committee is saying echoes exactly what KAP and I have said for some time now, namely that once the Investment Law is passed investment will flow into Iraq and literally create a “quantum leap” for the economy.  The term I have often used is that it will be like the “wild west” was in the US at the end of the 19th century…foreign investment will mean that the financial crisis will be ameliorated significantly and will allow the government to return to “normal” in terms of salaries, projects, etc.  [post 1 of 3….stay tuned]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Tuesday 10/20

Smart phone user link – Click here

______________________________________________________________

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/
______________________________________________________________

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 5:11 (NKJV)

11 But let all those rejoice who put their trust in You;
Let them ever shout for joy, because You defend them;
Let those also who love Your name
Be joyful in You.

Heavenly Father, we rejoice in You! We love Your Name! 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 – 10.23.2015 (No change as of 10/22)

http://www.cbi.iq/

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In the end, we will remember not the words of our enemies, but the silence of our friends. – Martin Luther King Jr.

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*** Current Posts ***

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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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tman23 – In the past years they spoke of lifting the 3 zeros and it was DELAYED…needed studied by a committee…We probably couldn’t count on 2 hands how many committees kept being formed to study the 3 zeros.  Then they announced delaying from the start of the New Year to June…AND Shabibi said; THE APPROPRIATE TIME TO LIFT THE 3 ZEROS IS AT THE START OF THE FINANCIAL YEAR AND NOT IN THE MIDDLE OF A QUARTER OR THE MIDDLE OF THE YEAR!   This new salary ladder is a good sign. The delay of the investment law is a good sign. The 2016 Budget being completed before the start of 2016 is a very good sign. And citizens not being paid and liquidity being drawn in off the streets is a good sign.  IMO…Honestly, it doesn’t get any better than this as a pre-revaluation phase that sets up the revaluation.  [post 2 of 2]
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Millionday – Article quote:   “special election Economic and Social Council took place in the United Nations General Assembly in Enyoryuk where Iraq won 179 votes out of 187 votes in favor, with one country, so Iraq’s record return mission in international forums”  …MEANS…BACK TO THE GLOBE.  IRAQ IS NOW AN ACTIVE MEMBER OF THIS UN ORGANIZATION… ECOSOC.  THE BEST WORDS IN ONE SENTENCE I HAVE SEEN IN A VERY LONG TIME >>>FROM GLOBAL COMMITMENT TO NATIONAL IMPLEMENTATION.  THIS…IS HUGE NEWS AND…WHY I AM SO VERY EXCITED.
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tman23 – This whole salary ladder is being talked about moving to Federal Court and challenged. Such a lawsuit brought forth will stymie all other political reforms… And Abadi will lose credibility… IMO, the BEST thing we have seen is this new salary ladder…The World Bank and IMF had comments in the past that the GOI needed to adjust the grossly over paid salaries…Now President Massoum will make 8 million IQD per month 8 times $862 = $6,896 a month or $82,752 a year. That is not going to work, keeping in mind he is one of the highest paid.  Drop the zeros and give the IQD a rate of $2.66 per dinar and the salary becomes $220,120.00 per year…which is the equiv to international standards…when you take all the salaries on the ladder it works out to what their in country pricing index is.  So the question is…HOW LONG BEFORE THE ARE TOLD…AND IMO…The 3 zeros need to be raised with the “back wall” being the start of the new year.  [post 1 of 2….stay tuned]
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Adam Montana (Dinar Guru) – Keep an eye on that HCL news… when it slows down this time, I think that’s when we’re on the home stretch.
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tman23 – Aside from the new salary ladder and the confusion where political blocs are calling it illegal and not with in Abadi’s powers… Iraq is holding talks with Findland and Europe on deporting migrating Iraqi’s back to Iraq…Most of the young and scientific (educated) are the ones who have fled the country.  Now why would Iraq even begin to speak about them returning when they have nothing to offer them? There has to be a massive change coming…The talk of bringing back citizens you can’t support, the new salary cuts that has the country confused and mad as h*ll.  This can not go on for 6 months.  Quite frankly I don’t believe they can make it 90 days with out a rate change that explains the reasons for what appears to be insanity to the citizens.
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Kaperoni (Dinar Guru) – Article quote:  “…confirmed the International Monetary Fund, on Wednesday, that Iraq could give a large loan in 2016 to help him achieve financial stability…”  Well the good news is any IMF loan comes with a SBA (stand by agreement) and they do what they are told if they want that money.
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Aggiedad77 (Dinar Guru) – Article:  “International Monetary Fund: Baghdad is not currently in danger of running out of cash”  The IMF is admitting they may well provide Iraq with a “large loan” in 2016 in order to achieve financial stability…they are recognizing the external issues that Iraq is facing, the war against DAASH and the falling oil prices that have both devastated their countries economy…what they are seeking from Iraq is the development of a clear and comprehensive set of reforms that apply to their finances…the IMF has agreed they may help in this process as well
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wmawhite (Dinar Guru) – Article:  “Deputy: the importance of the investment law lies in its implementation mechanism”  Quote:   “the Iraqi investment law is important and needs to the mechanism of implementation…”  Implementation Mechanism?  NICE!  Activate the private sector, implement economic reform, etc…all require the same thing…the ability to conduct commerce outside the boarders of Iraq.  Iraq’s private sector, that so many are ready to activate, can not survive unless they will be able to conduct international commerce… because they will need to import 90% of their goods. IMO, we are seeing the administrative and procedural processes that the CBI said would take place prior to the completion of the “Project”.
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Adam Montana (Dinar Guru) – [Do you believe that the 2016 budget is in the books?…and if so is the HCL embedded in it?]  I believe this next budget will be the easiest one ever. “In the books“?  Not quite, but close enough.
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tman23 – In the past years they spoke of lifting the 3 zeros and it was DELAYED……needed studied by a committee…….We probably couldn’t count on 2 hands how many committes kept being formed to study the 3 zeros………. Then they announced delaying from the start of the New Year to June…… Does anyone recall this ???  AND Shabibi said;  THE APPROPRIATE TIME TO LIFT THE 3 ZEROS IS AT THE START OF THE FINANCIAL YEAR AND NOT IN THE MIDDLE OF A QUARTER OR THE MIDDLE OF THE YEAR !!!  …….  This new salary ladder is a good sign…… The delay of the investment law is a good sign…… The 2016 Budget being completed before the start of 2016 is a very good sign…….. And citizens not being paid and liquidity being drawn in off the streets is a good sign……..  IMO……Honestly, it doesn’t get any better than this as a pre-revaluation phase that sets up the revaluation….
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Millionday (Dinar Guru) – Article quote:  “necessity of activating the themes contained in the government program through the development of policies and mechanisms for implementation and applied to the development of economic sectors trends that achieve what is stated in these themes in the detailed aspects and determine the timeframe for their implementation.”  …THE NEWS IS AMAZING…I AM SO EXCITED.  FORMATION BEING DONE FOR NATIONAL OIL COMPANY DUE TO LONG AWAITED HCL AND FORMATION OF THE ECONOMIC COUNCIL FOR THE FINANCIAL POLICIES — MONETARY REFORM INTERNATIONAL BANKING AND ECONOMIC DEVELOPMENT — WITH CALL FOR A STRICT VERY RUSHED DATE TO BE GIVEN SO THEY CAN MOVE FORWARD AS OTHER COUNTRIES. THEY HAVE TO ACTIVATE THE GROUP OF EXPERTS TO MONITOR MONEY DEVELOPMENT AND GIVE AN EXACT DATE.  TIME TO RELEASE INTERNATIONAL EQUATION AND GLOBAL PRICES IMO.  …IMO WE ARE VERY CLOSE…THE IMPORTANCE TO MOVE FORWARD — IMO — NEED VALUES FIRST THING.
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tman23 – This whole salary ladder is being talked about moving to Federal Court and challenged. Such a lawsuit brought forth will stymie all other political reforms…… And Abadi will lose credibility……..  IMO, the BEST thing we have seen is this new salary ladder…..The World Bank and IMF had comments in the past that the GOI needed to adjust the grossly over paid salaries…….Now President Massoum will make 8 million IQD per month 8 times $862 = $6,896 a month or $82,752 a year.  That is not going to work, keeping in mind he is one of the highest paid…… Drop the zeros and give the IQD a rate of $2.66 per dinar and the salary becomes $220,120.00 per year……which is the equiv to international standards…..when you take all the salaries on the ladder it works out to what their in country pricing index is……. So the question is….HOW LONG BEFORE THE ARE TOLD………AND IMO…..The 3 zeros need to be raised with the “back wall” being the start of the new year…….
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Aggiedad77 (Dinar Guru) – Article:  “Conscious / parliamentary Economy: Investment Law will happen quantum leap in Iraq’s revenues”  What an interesting choice of words here…”quantum leap” in revenues for Iraq…why…due to the Investment Law and the amendments that are currently being worked on in Parliament…get these amendments wrapped up and on the books and the investors are sure to follow…and along with them…will come bank accounts that are full of money that is drooling to be of assistance to Iraq and the many projects that have been put on hold for a significant time now…these amendments will be eliminating a great deal of red tape and a large potential of corruption from the past…this is a very good improvement for investors looking at Iraq.
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Frank26 (Dinar Guru) – I call it a LAVA FLOW for a very good reason.  Have been SHARING that the last 3 weeks to be…S …L…O…W.   But may I suggest that after next MONDAY…THE LAVA FLOW WILL BECOME LESS VISCOUS…It will run at a much Quickened Pace!  In fact may I suggest that the viscosity lessens starting today…Yellow Light.  Iraq will be off the USD by 1/1/16.  AND…Last night the Integrity Commission announced Tuesday the arrest against others of the current Ministry of Commerce a number of Director’s Generals of The Ministry.
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wmawhite (Dinar Guru) – the Investment Law is about “investments”…the change in the value of the IQD is totally related to the exchange rate of the IQD relative to other currencies. Such as: IQD to GBP, or IQD to EUR, etc.  All of these laws are need for the future because that is when these investors will arrive. RI/RV is for the present …Laws are the future.
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Tuesday 10/20

Smart phone user link – Click here

______________________________________________________________

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/
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

John 1:14 (NKJV)

The Word Becomes Flesh

14 And the Word became flesh and dwelt among us, and we beheld His glory, the glory as of the only begotten of the Father, full of grace and truth.

Heavenly Father, thank You for sending Jesus! Thank You for Your Grace & Truth! In Jesus Name, Amen.

Mrs BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 10.22.2015

http://www.cbi.iq/

______________________________________________________________

In the end, we will remember not the words of our enemies, but the silence of our friends. – Martin Luther King Jr.

______________________________________________________________

*** Current Posts ***

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Aggiedad77 (Dinar Guru) – Article:  “Conscious / parliamentary Economy: Investment Law will happen quantum leap in Iraq’s revenues”  What an interesting choice of words here…”quantum leap” in revenues for Iraq…why…due to the Investment Law and the amendments that are currently being worked on in Parliament…get these amendments wrapped up and on the books and the investors are sure to follow…and along with them…will come bank accounts that are full of money that is drooling to be of assistance to Iraq and the many projects that have been put on hold for a significant time now…these amendments will be eliminating a great deal of red tape and a large potential of corruption from the past…this is a very good improvement for investors looking at Iraq.
______________________________________________________________

Frank26 (Dinar Guru) – I call it a LAVA FLOW for a very good reason.  Have been SHARING that the last 3 weeks to be…S …L…O…W.   But may I suggest that after next MONDAY…THE LAVA FLOW WILL BECOME LESS VISCOUS…It will run at a much Quickened Pace!  In fact may I suggest that the viscosity lessens starting today…Yellow Light.  Iraq will be off the USD by 1/1/16.  AND…Last night the Integrity Commission announced Tuesday the arrest against others of the current Ministry of Commerce a number of Director’s Generals of The Ministry.
______________________________________________________________

wmawhite (Dinar Guru) – the Investment Law is about “investments”…the change in the value of the IQD is totally related to the exchange rate of the IQD relative to other currencies. Such as: IQD to GBP, or IQD to EUR, etc.  All of these laws are need for the future because that is when these investors will arrive. RI/RV is for the present …Laws are the future.
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Hamoudi demanding integrity to reveal the rest of the ministries files smugglers funds

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – the price of the Presidency of the Council of Representatives member Hamoudi bold and courageous steps taken by the Integrity Commission to open the files of corruption on a wider range and access to influential people and decision…

Read More: http://www.dinarupdates.com/showthread.php?23010-Hamoudi-demanding-integrity-to-reveal-the-rest-of-the-ministries-files-smugglers-fund
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Adam Montana (Dinar Guru) – [Is the old issue between the Kurds and Iraq the holdup (17%, religious history) , or are they just hammering out the final details?]  IMO, the religious history is no longer the major factor that it used to be.  What we are witnessing is a hammering of the details, and the hammering is getting good.
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Aggiedad77 (Dinar Guru) – I’m excited…why…from what we see in the news today…it’s all good…Indeed the Iraqis seem to be on fire with the actions they are taking…I know some say oh this is the same old thing we’ve seen and heard for the last xxx years….well to you it might be…but IMO…we’ve never seen the lava this hot…this cherry red to catch your pants on fire…I’m pumped up and excited as I have not been in quite a while.
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tman23 – Budget reached the House…They go on recess Nov 1st.  They need to have the budget done by Oct 31st.  If they do not they must stay in session until it is done and voted on. They are needing this Budget done ASAP!  2016 Budget (which includes oil agreement between Erbil and Baghdad). This would be Baghdads last chance to make good on paying Kurdistan the 17% of the budget. Kurdistan has lined up new options for exporting the oil outside of Baghdad. Time to pay the piper…BUT they cut salaries which has caused more demonstrations. TICK TOCK TICK TOCK…Value needs to come from somewhere… EXPLODE WITH RATE…OR IMPLODE BY DEBATE.
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DinarUpdates.com News Time Chat 10-20-15 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!!

Millionday: NOTE — THE LOANS WERE NOT ADEQUATE FOR THE ADVANCEMENT OF VALUE — WHOOPOW

Millionday: NOTE — THEY HAVE TO INCLUDE THE IMPORTS WITHIN THE FIGURES — THAT IS THE STATED REASONING AND ITS IMPORTANCE AS WELL — OBVIOUSLY FOR PROGRESS IN MANY AREAS AND REFORM

Millionday: NOTE — READ THE OTHER IMPORTANT REASONS THIS IS SO MAJOR

Millionday: He explained that the industry that have the ability to compete food Kalsnaat, you can create joint stock companies for the purpose of launching loans and bridging the country’s need of these products Kalolban, juices and other food from Canned Ajpas,

to enable the involvement of all industrialists even workers in the industrial activities of food and to ensure the creation of distribution opportunities for fair and productive to contribute in every province companies.
​ ~~~

Read More: http://www.dinarupdates.com/showthread.php?22968-Millionday-News-10-20-15
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Adam Montana (Dinar Guru) – But let me back up for a second… remember I said “don’t freak out”? I say that because even though this is great news, I don’t think we’re any less than a month out. This HCL movement is EXACTLY what we need, but based on my longtime observance of how things work in Iraq, I am confident that we will see a slowdown in news for about a month… and then BOOM! Something big is going to happen!  Yeah, I just did that… I am sticking my neck out and giving a timeline.  Maybe not for the actual final official RV, but we are looking at SOMETHING big, and soon.  I’m very excited right now! But I’m also patient, and I encourage you to do the same.  [post 2 of 2]
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rcookie (Dinar Guru) – Article quote:  “A Court of inquiry judge said money laundering in Baghdad Ayad muhsen Ligature in a statement…that “the Court issued arrest warrants for three of the defendants in the money laundering files”.  He said the ligature, “amounts that arise around suspicions that they were exposed to money laundering amounting to 69 billion dinars“.  ITS INCREDIBLE!  IMPLEMENTATION OF ARTICLE III OF AML ACT!  FULL LEGAL PROCESS AN ARRESTS MADE!  AND MORE IMPORTANTLY…THE MECHANISMS FOR INVESTIGATIVE.. TRIAL… AND PROSECUTION ARE NOW IN PLACE.  [Did they get M [Maliki] yet? IT IS A MATTER OF TIME!  THE CASE AND CHARGES ARE GROWING DAILY!   
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Adam Montana (Dinar Guru) – Over the last couple months I’ve been pretty solid on one thing: No HCL, No RV.  Pretty cut and dried, right? I’ve also been kicking around another angle on this deal…we’re not going to get a huge warning, or even a hint, that the RV is coming. In fact, the opposite is my opinion…So with that in mind, don’t freak out when you read this:  “Oil agreement between Baghdad and Erbil will be presented to Parliament!  The government has hinted it seeks the transfer of the oil deal with the Kurdistan region, which is hereby given region, its share of the budget for fiscal 2016 by 17% file, to the House of Representatives. …yesterday that the budget bill arrived at the Presidency of the Council of Representatives by the government to put on the agenda and approval. ”  That…my friends, has the potential to be the BIGGEST and BEST news we have seen since Chapter 7 was lifted. We are FINALLY starting to see some movement, and this is AWESOME!  [post 1 of 2….stay tuned]
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Parliament paving the way for the trial of Al-Maliki

Okaz (Baghdad, Amman) – Foiled the efforts of the Iraqi parliament, Vice President of the Republic article Nuri al-Maliki to get parliamentary immunity so as not to be subjected to any trial and the parliament rejected the resignation of a vice-Maliki’s bloc to allow him to return to the seats in parliament to be able to restore his parliamentary immunity. The Iraqi sources told «Okaz» The failure of Parliament for the return of al-Maliki to membership will open the door to his trial in the wake of the parliamentary committee investigating the cause of the fall, which found him guilty of Mosul report.

Read More: http://www.dinarupdates.com/showthread.php?22983-Parliament-paving-the-way-for-the-trial-of-Al-Maliki-10-20-2015
______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Tuesday 10/20

Smart phone user link – Click here

______________________________________________________________

Commercial Solicitation

______________________________________________________________

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/
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

John 1:1 (NKJV)

1 In the beginning was the Word, and the Word was with God, and the Word was God.

Heavenly Father, Thank You for Your Word, The Bible. We are grateful for Your Word 🙂 In Jesus Name, Amen.

Mrs BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 10.21.2015

http://www.cbi.iq/

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How wonderful it is that nobody need wait a single moment before starting to improve the world. – Anne Frank

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*** Current Posts ***

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Parliament paving the way for the trial of Al-Maliki

Okaz (Baghdad, Amman) – Foiled the efforts of the Iraqi parliament, Vice President of the Republic article Nuri al-Maliki to get parliamentary immunity so as not to be subjected to any trial and the parliament rejected the resignation of a vice-Maliki’s bloc to allow him to return to the seats in parliament to be able to restore his parliamentary immunity. The Iraqi sources told «Okaz» The failure of Parliament for the return of al-Maliki to membership will open the door to his trial in the wake of the parliamentary committee investigating the cause of the fall, which found him guilty of Mosul report.

Read More: http://www.dinarupdates.com/showthread.php?22983-Parliament-paving-the-way-for-the-trial-of-Al-Maliki-10-20-2015
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tman23 (Dinar Researcher) – Article quote:  “…objections issued by the political blocs on the Prime Minister resolutions Atakzha including those related to ladder the new salary…”  EVERYONE is mad as h*ll over their salaries being cut…Not the reforms they were expecting.  But now if you take Massoum who was at $77,000 per month and now is at $8,000 per month…He is making 96k a year now…But if they drop the zeros and revalue with a rate of est $2.66 he would make about $220,000 usd per year…or 96,000 dinar.  Same goes for the low wage earner of 450k IQD at $2.66 it would put them at around $1,200 per month. The new salaries will begin next month (November).  They are coming with a rate…IMO.
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Frank26 (Dinar Guru) – IMO – as we near closer to the new rate…Iraq is selling gold but not to the world …it is targeting someone very, very important. The CITIZENS!  Gold is being sold by Dr. Shabibi to the citizens of Iraq which will bring in the last 3-zero and will introduce the lower denoms. This is also help Iraq with their reserves. The selling of GOLD will also pull USD’s off of the street!  Dr. Shabibi knows exactly how many 3-zeros are out there (IMO).  I have something else to tell you…Dr. Shabibi is the director of the CBI and he wanted to raise the value of the dinar back in July but he and Abadi agreed that the timing wasn’t right. Security wasn’t right.  …we told you (IMO) that we wouldn’t see the RI until next year…and [Guru] Delta said the end of this year. Teams say that both of us are correct…perhaps more like the end of the year.  (That’s what Dr. Shabibi wants).
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Millionday – PARLIAMENT IS REPORTING AS OF TODAY`S NEWS THAT THEY ARE WORKING ON THE INVESTMENT LAW VOTE.  THEY ARE FINISHING THE AMENDMENTS ONE AT A TIME.  SOME VERY IMPORTANT ONES ARE DONE AND SOME MORE ON THE WAY — THIS IS THE VOTE SO READINGS ONE AND TWO ARE DONE. THIS IS HUGE PROGRESS FOR IRAQ — I AM EXCITED.
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DinarUpdates.com News Time Chat 10-20-15 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: WE HAVE A LOT OF NEWS TONIGHT — WHOOPOW

Millionday: A member of the parliamentary finance committee Jabbar Abdul Khaliq said that funds deposited in the Banking Act will begin soon after the completion of Sitagh some paragraphs in line with the government’s economic direction.

Millionday: He said Abdul Khaliq’s (IMN) “This law will protect the citizen’s money from being lost, where would compensate citizens in the event of the loss of National Bank deposited with him this money, as well as the arrest of the bank manager and held accountable legally and his prosecution,”

adding that “in the past, the court only by virtue of the bank manager and his detention without compensation from the owner of the money deposited, as previously happened in some private banks.
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Read More: http://www.dinarupdates.com/showthread.php?22968-Millionday-News-10-20-15
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tman23 (Dinar Guru) – The Investment Law is now a foregone conclusion…They will pass it if it already didn’t pass.   They have the new salaries in place, the tax laws, the tariff and custom laws, the anti money laundering law…These all deal with monetary issues.  I have been on this law since June of 2014 and for good reason. It is not a problem, it is a delay for reasons of timing…be that getting other laws in place first etc..etc… BUT I have good information that says it is not a debate issue inside Parliament.  Note that the salary adjustments and other numbers floating around indicate that a IQD rate of $2.66 would put them around the international standard…I think we are all ready to move on to new horizons…And it appears that Iraq is ready for new horizons also.
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Delta (Dinar Guru) – Iraq can’t come out of the hole unless they do something. We all know what the SOLUTION is…Article 8…currency reform…print in the Gazette…investors will then inject lots of money into the country. Again…nobody knows the date.  What we do know is that Iraq is running out of time. Just sit back and watch what happens. IMO – they must act fast!
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Iraqi Dinar/Dollar auction (from) 10-21-15

Currency Auctions Announcement No. 3058 (most recent listing) 

This daily currency auction was held in the Central Bank of Iraq on the 10-21-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Bluwolf (Dinar Guru) – A dear friend feeling discouraged, wrote to me and informed of how both he and many others have lost all hopes on this blessing…  Answer, there are 28 million folks who own dinars and wasn’t supposed to know according to all governments. They have tried everything so that you would loose your hopes and aspirations… I know that after 14 years we are finally seeing the fruit of our suffering taking heed…This is here my friend…
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Kaperoni (Dinar Guru) – I hope your wrong Mike, as I see the news media has reported such on a few sites.  But the parliament website itself has not.   The official press statement from the parliament website is clear…next session.  And the next session is tomorrow (20th).  And I would hope that the parliament site would have the most accurate information.
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Millionday – [Are their more amendments to this investment law? Will they do them all or drag it out one by one?]  THEY HAVE STATED IT WILL GO THROUGH AS ONE LAW — WHICH LEADS ME TO BELIEVE BY WHAT I HAVE READ — THEY HAD THESE TWO AMENDMENTS TO GO OVER/CHANGE — THEY ARE ALREADY PROMOTING THEIR INVESTMENT LAW AS A HUGE BONUS FOR INVESTORS.
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Tuesday 10/20

Smart phone user link – Click here

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Commercial Solicitation

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The Exchange Rate of Foreign Currency in Economic Feasibility Studies 

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:…

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

www.DinarUpdates.com

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

Word for the day…

Luke 1:37 (NKJV)

37 For with God nothing will be impossible.”

Heavenly Father, Thank You that You are Love! Thank You that nothing will be impossible with 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 – 10.20.2015

http://www.cbi.iq/

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The key to successful critical thinking is to first be critical of your own thinking. – Will Spencer

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*** Current Posts ***

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Delta (Dinar Guru) – The CBI – they are spending 5 Billion Dollars a month to give to the Iraqi banks – (to defend the Iraqi Dinar).   Reserves…he said that only…about 55 Billion left-over…which means by the middle of next year, they will run out of reserves. So what happens then? Iraq would collapse.  The revaluation of the Iraqi Dinar will fix a lot of problems.  For us, this appears to be good news because everyone is telling Iraq that they need to revalue at a very good rate to help out with the current situation.  The nation of Iraq will collapse if they don’t do something before the end of the year…maybe even November 21st you might see something.  Abadi knows that the economy will collapse without it. This is 100% fact!  …they have no choice and they really are out of time…the authors of the plan will lose. This is very, very important. They know what they need to do.  I believe before the end of the year they MUST do something!  [post 2 of 2]
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Frank26 (Dinar Guru) – You know that Dr. Shabibi has the green light. Do you think that Iraq is slowing down the monetary reform? No! Iraq is stepping on the gas.  The bad guys that once controlled the GOICBI are gone.  …the investment law was delayed, postponed…if you want to believe that…that is your business. But, deep in my heart they are waiting in a top-drawer waiting to be released when Dr. Shabibi is at the helm of the CBI.  You don’t need an Investment Law unless you are EXPECTING something to happen.  Investment Law is for who? Investors who want to come into Iraq. YOU are in investor in Iraq – without going into Iraq. That is why this is so important. I believe that the Investment Law may bring forth the HCL.   We must see the LAWS…the LOWER DENOMS…then Dr. SHABIBI.  IMO – the laws are passed they are just waiting for them to raise the value of their currency…All of the “old-timers” will remember…in the still of the night…
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Delta (Dinar Guru) – I want to talk to you about the article that I posted back on the 16th of October.  The economist is talking about the economic crisis in Iraq – and offers his opinion of how to get over the crisis. He claims that in the beginning of 2016, Iraq needs to make some changes to avoid some problems. So many events led to the crisis — (ISIS, corruption, oil prices).  He said that Iraq needs to boost the private sector and agriculture.  He said the solution (…coming very soon) …the very most important solution would be for the government to reevaluate the Iraqi Dinar.  [post 1 of 2….stay tuned]
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Mnt Goat (Dinar Guru) – I can tell you with all my heart and soul there will be NO RV until at least early January 2016. Again I will say this is only if Iraq can meet and fulfill its promises as part of the future process and plans for Iraq.  Can they maybe accomplish their commitments prior? I do not have much faith in them as long as the Maliki syndrome is still present. It is part of the legislative bottleneck. We are definitely now on track for an early 2016 opportunity.
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Iraqi Dinar/Dollar auction (from) 10-20-15

Currency Auctions Announcement No. 3057 (most recent listing) 

This daily currency auction was held in the Central Bank of Iraq on the 10-20-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Poppy3 – Haider Al-Abadi on Twitter: “Important breakthrough today as the Council of Ministers approves the proposed federal budget for 2016”  MOVEMENT IN IRAQ ALL IN OUR FAVOR AND MOVING IN A DESPERATE RATE…LIKE VOTES TODAY THAT WHERE PREVIOUSLY SCHEDULED FOR TOMORROW. EVER SEE THEM DO THINGS FASTER THAN SCHEDULED?  NEVER BEFORE TODAY!  ABADI OPENED GREEN ZONE LAST WEEK AND THE PUBLIC IS FREE TO BE ANYWHERE. THEN YESTERDAY HE LIFTED ALL EXTRA SECURITY POLICE AND WENT BACK TO STANDARD COVERAGE. BANKS THERE ARE ALL OPEN AND DOING BUSINESS WITH THE PUBLIC. BANKS THERE ARE ALSO ANXIOUS ALONG WITH RETAILERS TO SEE MORE BUYING POWER THEY HAVE BEEN PROMISED FOR YEARS NOW. WE ALL WANT THE SAME THING AND ABADI IS DOING ALL HE CAN TO POSITION THEIR COUNTRY FOR GREATNESS. WE ARE GETTING CLOSER EVERYDAY.
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mike (Dinar Guru) – Respectfully, I believe Parliament is raised until next week: Quote:  “It raised the presidency of the Iraqi Council of Representatives, on Monday, the 31 of the first legislative term of the second legislative year to the meeting on Tuesday of next week, (October 27, 2015)...” Today’s vote, from what I can tell, was a vote to amend the law and send it back to committee.  I don’t think we’ll see the investment law until next week, if they get to it then.  I believe they’re going to continue to meet and discuss security as well as the amendments to the Investment Laws, but I don’t believe Parliament will be in session.  I guess we’ll know for sure tomorrow.
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wmawhite (Dinar Guru) – the Investment Law is about “investments”…the change in the value of the IQD is totally related to the exchange rate of the IQD relative to other currencies. Such as: IQD to GBP, or IQD to EUR, etc.  All of these laws are need for the future because that is when these investors will arrive. RI/RV is for the present …Laws are the future.
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Kaperoni (Dinar Guru) – Article quote:  “The Council proceeded to vote on the draft second amendment bill to the Investment Law…”  There is nothing negative to take away from today’s session.  They started to read the Investment Law again as stated and their were some further “constraint” concerns which are being amended.  The best part is this…For his part, Mr. al-Jubouri said the completion of the vote on the bill in the next session. Quote:  “Then it decided to adjourn the meeting to next Tuesday 10/20/2015“.  So we see ya tomorrow!
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firefly (Dinar Guru) – Investment Law is for the protection of foreign investors. Not directly related to any change of currency.  The Investment Law is meant to draw in Investors and confidence that their money will be safe…it is huge but NOT needed for any change of value to their currency. Required? No. Needed? Yes.
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Poppy3 – all the laws are positive but are not for immediate investments in iraq. THEY OPEN THE DOOR FOR FUTURE INVESTMENTS AND GROWTH OF THEIR ECONOMY. GETTING THESE OUT OF THE WAY DOES SHOW THE IMF / WORLD BANK AND UNITED NATIONS THEY ARE SERIOUSLY GETTING IN POSITION FOR BETTER CREDIT RATING AND BECOMING A FULL MEMBER OF THE WTO. THIS IS VERY ENCOURAGING…THE RATE HAS TO BE IN OUR NEAR FUTURE. 
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mike (Dinar Guru) – I’m going to watch and see what the Investment Law really has in it.  One of the sticking points so far is about land ownership, many don’t want investors to actually own the land where they build their businesses…If Iraq actually crafts a law that protects and encourages outside investment, we’ll know they’re serious about attracting foreign capital, If not, I don’t think much will happen on this front. I know there are many who believe major investors are chomping at the bit to get into Iraq, but I just don’t buy it. I’m looking forward to the day when Iraq unites and does what’s best for themselves and their people, once I see that, progress should be just around the corner.  [post 2 of 2]
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Enorrste (Dinar Guru) – …it seems clear to me that there are a large number of risk takers in the world who are chafing at the bit to get a chance to make some serious coin in Iraq.  Only time will tell, and if [Guru] Mike is correct on one thing it is that time has past without a whole lot of change. [reference Guru mike 10-19-15]  It is a gamble, to be sure, but it has a lot of advocates around the world.  Unfortunately, as ISIS shows us, there are also those on the other side as well.  Nothing has changed in terms of the plan, as I see it.  What has changed is time and events.   Had ISIS not exploded I personally think the float would have started some time ago.  Add to that $40 oil prices and the situation is exacerbated to the point of a financial crisis for the country.  What amazes me, and stimulates me, is the tenacity of the CBI in the face of these obstacles (not to mention corruption, Maliki, Parliament’s inaction, etc.).  In the fact of all of this the CBI holds firm to its planned goals…
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mike (Dinar Guru) – If I had a dollar for every article that talked about monetary and economic reform that was “just around the corner”, I wouldn’t need the dinar to increase in value, I’d be rich already.  I can remember all the way back to 2012, when Shabibi attended the conference in London, that the articles and others thought Iraq was ready to initiate a change in the rate, why else would Shabibi go to London?  Well, here we are, three years later and all Iraq’s done is back up, there’s been very little forward movement. What Iraq is lacking, in my opinion, is the political will to enact the great ideas that the world and many noted economists have suggested.  I’m not down on the dinar, nor am I negative, I’m pragmatic about the progress of Iraq.  [post 1 of 2….stay tuned]
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DinarUpdates.com News Time Chat 10-19-15 PM Part 2 of 2

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

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

Millionday: To that received Zebari 2015/10/19 Monday, at the headquarters of the Office of the ministry, Eckhard Preveza German ambassador in Iraq. During the meeting, they discussed economic and financial cooperation between the two countries and the contribution of German institutions in the investment sector in Iraq and the form in which it supports the 2016 budget.

Zebari also made a presentation of the financial situation and the steps taken by the government in order to overcome the financial crisis started.

Millionday: SO THIS IS OBVIOUSLY TO ADVANCE THE IRAQI ECONOMY AND THE RELATIONS PER — THE STRATEGIC AGREEMENT —
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Read More: http://www.dinarupdates.com/showthread.php?22872-Milloinday-newstime-10-19-15
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Aggiedad77 (Dinar Guru) – Article:  “Parliament puts al-Maliki on the threshold of a dark tunnel refusing the resignation of Sinead”  Parliament rejects the resignation of one member of Parliament that would have likely paved the way for Maliki to rejoin Parliament thus, at least in his mind, provided immunity to him for the crimes he is accused of concerning the fall of Mosul last year in June.  This is a huge breath of fresh air from Parliament as a group to stand up and vote against such an action…
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Enorrste (Dinar Guru) – Article quote:  “An informed source said that the amendment of the paragraphs of the new investment law will give Iraq on a plate for Arab and foreign investor.”   …allowing foreign investors to own land in Iraq is like offering up Iraq on a plate to those investors.  However…the author of the article was not in favor of the move.  I suspect, however, that Abadi is working assiduously to push this through Parliament and that he is confident that he has built the momentum to achieve that goal (otherwise why mention a vote on Monday?).  Let’s wait and see.  If it includes the ownership provision we could be off to the races, at least as a start. If we are lucky perhaps the CBI, working through Saleh to get to Abadi, will do the same thing on a Banking Law that they have apparently done on the Investment Law.  Let’s keep our fingers crossed!
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firefly (Dinar Guru) – [It feels things are speeding up the last 3 weeks…]   Faster than ever!  They have no choice. Watch for Sistani to talk.  Remember Sistani word is law! Sistani also told us he going to be more involved in the political arena…HUGE!  EVERYTHING Sistani has told Iraq to do, Abadi has done it! EVERYTHING.
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DinarUpdates.com News Time Chat 10-19-15 PM Part 1 of 2

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

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

Millionday: WELCOME TO NEWSTIME EVERYONE

Millionday: I HAVE BEEN WORKING ON THE INVESTMENT LAW VERIFICATION — AS MANY OF YOU KNOW — THERE ARE MANY REPORTS COVERING IT

Millionday: BRB — LET ME READ THE ONE I JUST RECEIVED AND I WILL GIVE YOU AN ANSWER

Millionday: THERE HAVE BEEN MANY REPORTS STATING DIFFERENT RESULTS CONCERNING THE INVESTMENT LAW — STARTING YESTERDAY THROUGH TODAY –
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Read More: http://www.dinarupdates.com/showthread.php?22872-Milloinday-newstime-10-19-15
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Millionday – Article quote:  “...the first deputy speaker of parliament Humam Hamoudi, on Thursday, that the amendment of the Investment Law will be submitted to parliament next Monday, in order to vote on it...”  [could they pass the law without activating it, and wait till they are ready to release everything at once?]  YES THEY COULD BUT ALL THIS IS OBVIOUSLY FOR A PURPOSE — LOANS ETC — DEVELOPMENT.  IMO THEY ARE NOT SITTING ON IT.
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Aggiedad77 (Dinar Guru ) – Article:  “the Council of Ministers approved at its special session, on Sunday, the draft budget for fiscal 2016…”   This is a GREAT thing to read today…the COM approving the budget for the year 2016…now hand this over to Parliament…and take heed of PM Abadi’s request to keep your political fingers off the budget and get this passed in the soonest route possible.
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BGG – …I feel we are at the door and how many times we were there..? with BRICS, CIPS and whatever else is out there…we are very close.
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DinarUpdates.com News Time Chat 10-18-15 PM Part 2 of 2

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

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

Millionday: READ EVERY WORD >>> He stressed that the contribution of the citizen his money chunky in those banks and companies lead to increased rates of investment, thus increasing economic activities, it returned to investors that a significant role in increasing liquidity and reducing the inflation rate to the fact that their contribution to the project will reduce the presence of money’s value will rise due to lack of supply.

Millionday: SO HE IS SAYING THAT A CHANGE IN VALUE WILL REDUCE THE SUPPLY — INCREASING LIQUIDITY — A HUGE GOAL

Millionday: BANKING REFORM IS NEEDED AT THE SAME TIME FOR ALL ECONOMIC REFORM AND ALL DEVELOPMENT — IT DEPENDS ON EACH OTHER

RickeyT: sounds like a float, thank you

Millionday: THEY HAVENT STATED EITHER WAY —- OPINIONS VARY BUT THE INK HAS NOT STATED YET THAT I HAVE SEEN
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Read More: http://www.dinarupdates.com/showthread.php?22743-Millionday-News-10-18-15
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wmawhite – What is missing in the following list of currencies?

1 Egyptian Pound = $0.13
1 Jordanian Dinar = $1.41
1 Qatar Riyal = $0.27
1 Bahraini Dinar $2.65
1 Israeli Shekel = $0.26
1 Saudi Riyal = $0.27
1 United Arab Emirates Dirham = $0.27
1 Omani Riyal = $2.59
1 Kuwaiti Dinar = $3.31
1 Iraqi Dinar $0.00085

…think of sesame street…”from the list of currencies what is not like the others?” From the list of currecnies, which country has the largest economy?  [the largest economy to be Iraq and the currency has leading zeros…which shows it’s weak at the moment.]  Very good…actually the current value is not weak…it is actually…worthless.  Yet, many of the other countries that have only a fraction of the GDP have currencies valued a 1,000 times greater.
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Enorrste (Dinar Guru) – I, for one, remain cautiously optimistic that the plan is moving forward, even though at a snail’s pace… I see that pressure is increasing to make a “leap” forward.  The passage of the Investment Law this week, hopefully, will be a big  step in the plan because it will open the door for protected investment and land ownership from foreigners…we could begin to see a significant increase in foreign investment in the near term. Then we need some banking relief through a new Banking Law.  Third, we need to see the introduction of the large 50K notes. Reducing the Iraqi money supply…will lead to a rise in the value of the dinar.  Once this process begins, hopefully before the year ends, I foresee a rapid rise in the value of the dinar…most importantly due to the influx of new money from abroad.  I’m actually excited to see this plan laid out in detail for the first time.  [post 3 of 3]
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Aggiedad77 (Dinar Guru) – Well from the sound of initial reports we should be hearing that the COM approved the budget today and will be forwarding it on to Parliament where there is a request to keep political differences away from the budget process and get this budget approved as quickly as possible…well I’m not holding my breath yet for that to happen…be looking today for a vote on the Investment Law by Parliament if they hold true to their word.
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DinarUpdates.com News Time Chat 10-18-15 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: WELCOME EVERYONE TO NEWSTIME

Millionday: Chairman of the Committee of Economy and Investment parliamentary Jawad al-Bolani confirmed that a large privileges will be granted to investors.

He said al-Bolani’s (IMN) “The investment law is the beginning of the stage is handled many obstacles they encounter generally Marqlat investment,” noting that “the public sector’s participation in the implementation phase of the projects and their participation is a key supporter in the investment process.

Millionday: NOTE — THE INVESTMENT LAW — WHOOOPOW
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Read More: http://www.dinarupdates.com/showthread.php?22743-Millionday-News-10-18-15
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Enorrste (Dinar Guru) – The article is also fairly clear on those elements that have caused the “plan” to be stalled to a large extent…in addition to those things that we have always known, there were a couple new points made that make the lack of progress more understandable. The article is also specific in that it sees that the role of the government is obstructive rather than helpful in moving toward a more open market driven economy.   It is my view that Abadi is a good guy and that he is actually looking for ways to help move this process along.   Ideally, the CBI will give him suggestions that he can implement unilaterally (without approval from Parliament) to remove some of the strings that exist in government funding and expenditure, reducing the move to a market economy.  [post 2 of 3….stay tuned]
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Millionday – Article quote:  “…the first deputy speaker of parliament Humam Hamoudi, on Thursday, that the amendment of the Investment Law will be submitted to parliament next Monday, in order to vote on it...”  THIS IS THE FINAL VERSION OF THE AMENDMENT…THEY PLANNED ON VOTING IT THROUGH LAST MONTH IT APPEARS BUT — THE FINAL AMENDMENT GOES ON MONDAY.  THIS WILL OPEN IRAQ FOR FOREIGN INVESTMENT — WIDE OPEN IT SAYS…KNOW HOW HUGE THIS IS?  HUGE.
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Enorrste (Dinar Guru) – Article:  “Monetary policies in Iraq and proposals for the next phase applications”    We are all, or at least most of us, frustrated that the CBI has seemed to be unable to move “around the corner” leading to a rise in the value of the dinar…this article for once outlines in detail…the fact that the CBI definitely has a plan and that the plan includes, first, stabilizing the dinar rate, then second, raising the rate, and, third, eventually removing the large notes from circulation ( a clear goal of at least $1 for the dinar).  Therefore, if nothing else, this article is a confirmation that the overall plan remains in place in spite of the obvious drawbacks.  [post 1 of 3….stay tuned]
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Commercial Solicitation

______________________________________________________________

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/
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

Luke 1:37 (NKJV)

37 For with God nothing will be impossible.”

Heavenly Father, Thank You that You are Love! Thank You that nothing will be impossible with 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 – 10.19.2015

http://www.cbi.iq/

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The key to successful critical thinking is to first be critical of your own thinking. – Will Spencer

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*** Current Posts ***

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Poppy3 – Haider Al-Abadi on Twitter: “Important breakthrough today as the Council of Ministers approves the proposed federal budget for 2016”  MOVEMENT IN IRAQ ALL IN OUR FAVOR AND MOVING IN A DESPERATE RATE…LIKE VOTES TODAY THAT WHERE PREVIOUSLY SCHEDULED FOR TOMORROW. EVER SEE THEM DO THINGS FASTER THAN SCHEDULED?  NEVER BEFORE TODAY!  ABADI OPENED GREEN ZONE LAST WEEK AND THE PUBLIC IS FREE TO BE ANYWHERE. THEN YESTERDAY HE LIFTED ALL EXTRA SECURITY POLICE AND WENT BACK TO STANDARD COVERAGE. BANKS THERE ARE ALL OPEN AND DOING BUSINESS WITH THE PUBLIC. BANKS THERE ARE ALSO ANXIOUS ALONG WITH RETAILERS TO SEE MORE BUYING POWER THEY HAVE BEEN PROMISED FOR YEARS NOW. WE ALL WANT THE SAME THING AND ABADI IS DOING ALL HE CAN TO POSITION THEIR COUNTRY FOR GREATNESS. WE ARE GETTING CLOSER EVERYDAY.
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mike (Dinar Guru) – Respectfully, I believe Parliament is raised until next week: Quote:  “It raised the presidency of the Iraqi Council of Representatives, on Monday, the 31 of the first legislative term of the second legislative year to the meeting on Tuesday of next week, (October 27, 2015)...” Today’s vote, from what I can tell, was a vote to amend the law and send it back to committee.  I don’t think we’ll see the investment law until next week, if they get to it then.  I believe they’re going to continue to meet and discuss security as well as the amendments to the Investment Laws, but I don’t believe Parliament will be in session.  I guess we’ll know for sure tomorrow.
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wmawhite (Dinar Guru) – the Investment Law is about “investments”…the change in the value of the IQD is totally related to the exchange rate of the IQD relative to other currencies. Such as: IQD to GBP, or IQD to EUR, etc.  All of these laws are need for the future because that is when these investors will arrive. RI/RV is for the present …Laws are the future.
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DinarUpdates.com News Time Chat 10-19-15 PM Part 2 of 2

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

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

Millionday: To that received Zebari 2015/10/19 Monday, at the headquarters of the Office of the ministry, Eckhard Preveza German ambassador in Iraq. During the meeting, they discussed economic and financial cooperation between the two countries and the contribution of German institutions in the investment sector in Iraq and the form in which it supports the 2016 budget.

Zebari also made a presentation of the financial situation and the steps taken by the government in order to overcome the financial crisis started.

Millionday: SO THIS IS OBVIOUSLY TO ADVANCE THE IRAQI ECONOMY AND THE RELATIONS PER — THE STRATEGIC AGREEMENT —
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Read More: http://www.dinarupdates.com/showthread.php?22872-Milloinday-newstime-10-19-15
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Kaperoni (Dinar Guru) – Article quote:  “The Council proceeded to vote on the draft second amendment bill to the Investment Law…”  There is nothing negative to take away from today’s session.  They started to read the Investment Law again as stated and their were some further “constraint” concerns which are being amended.  The best part is this…For his part, Mr. al-Jubouri said the completion of the vote on the bill in the next session. Quote:  “Then it decided to adjourn the meeting to next Tuesday 10/20/2015“.  So we see ya tomorrow!
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firefly (Dinar Guru) – Investment Law is for the protection of foreign investors. Not directly related to any change of currency.  The Investment Law is meant to draw in Investors and confidence that their money will be safe…it is huge but NOT needed for any change of value to their currency. Required? No. Needed? Yes.
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Poppy3 – all the laws are positive but are not for immediate investments in iraq. THEY OPEN THE DOOR FOR FUTURE INVESTMENTS AND GROWTH OF THEIR ECONOMY. GETTING THESE OUT OF THE WAY DOES SHOW THE IMF / WORLD BANK AND UNITED NATIONS THEY ARE SERIOUSLY GETTING IN POSITION FOR BETTER CREDIT RATING AND BECOMING A FULL MEMBER OF THE WTO. THIS IS VERY ENCOURAGING…THE RATE HAS TO BE IN OUR NEAR FUTURE. 
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DinarUpdates.com News Time Chat 10-19-15 PM Part 1 of 2

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

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

Millionday: WELCOME TO NEWSTIME EVERYONE

Millionday: I HAVE BEEN WORKING ON THE INVESTMENT LAW VERIFICATION — AS MANY OF YOU KNOW — THERE ARE MANY REPORTS COVERING IT

Millionday: BRB — LET ME READ THE ONE I JUST RECEIVED AND I WILL GIVE YOU AN ANSWER

Millionday: THERE HAVE BEEN MANY REPORTS STATING DIFFERENT RESULTS CONCERNING THE INVESTMENT LAW — STARTING YESTERDAY THROUGH TODAY –
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Read More: http://www.dinarupdates.com/showthread.php?22872-Milloinday-newstime-10-19-15
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mike (Dinar Guru) – I’m going to watch and see what the Investment Law really has in it.  One of the sticking points so far is about land ownership, many don’t want investors to actually own the land where they build their businesses…If Iraq actually crafts a law that protects and encourages outside investment, we’ll know they’re serious about attracting foreign capital, If not, I don’t think much will happen on this front. I know there are many who believe major investors are chomping at the bit to get into Iraq, but I just don’t buy it. I’m looking forward to the day when Iraq unites and does what’s best for themselves and their people, once I see that, progress should be just around the corner.  [post 2 of 2]
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Enorrste (Dinar Guru) – …it seems clear to me that there are a large number of risk takers in the world who are chafing at the bit to get a chance to make some serious coin in Iraq.  Only time will tell, and if [Guru] Mike is correct on one thing it is that time has past without a whole lot of change. [reference Guru mike 10-19-15]  It is a gamble, to be sure, but it has a lot of advocates around the world.  Unfortunately, as ISIS shows us, there are also those on the other side as well.  Nothing has changed in terms of the plan, as I see it.  What has changed is time and events.   Had ISIS not exploded I personally think the float would have started some time ago.  Add to that $40 oil prices and the situation is exacerbated to the point of a financial crisis for the country.  What amazes me, and stimulates me, is the tenacity of the CBI in the face of these obstacles (not to mention corruption, Maliki, Parliament’s inaction, etc.).  In the fact of all of this the CBI holds firm to its planned goals…
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mike (Dinar Guru) – If I had a dollar for every article that talked about monetary and economic reform that was “just around the corner”, I wouldn’t need the dinar to increase in value, I’d be rich already.  I can remember all the way back to 2012, when Shabibi attended the conference in London, that the articles and others thought Iraq was ready to initiate a change in the rate, why else would Shabibi go to London?  Well, here we are, three years later and all Iraq’s done is back up, there’s been very little forward movement. What Iraq is lacking, in my opinion, is the political will to enact the great ideas that the world and many noted economists have suggested.  I’m not down on the dinar, nor am I negative, I’m pragmatic about the progress of Iraq.  [post 1 of 2….stay tuned]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
Tuesday 10/20 – TBA

Smart phone user link – Click here

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Aggiedad77 (Dinar Guru) – Article:  “Parliament puts al-Maliki on the threshold of a dark tunnel refusing the resignation of Sinead”  Parliament rejects the resignation of one member of Parliament that would have likely paved the way for Maliki to rejoin Parliament thus, at least in his mind, provided immunity to him for the crimes he is accused of concerning the fall of Mosul last year in June.  This is a huge breath of fresh air from Parliament as a group to stand up and vote against such an action…
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Enorrste (Dinar Guru) – Article quote:  “An informed source said that the amendment of the paragraphs of the new investment law will give Iraq on a plate for Arab and foreign investor.”   …allowing foreign investors to own land in Iraq is like offering up Iraq on a plate to those investors.  However…the author of the article was not in favor of the move.  I suspect, however, that Abadi is working assiduously to push this through Parliament and that he is confident that he has built the momentum to achieve that goal (otherwise why mention a vote on Monday?).  Let’s wait and see.  If it includes the ownership provision we could be off to the races, at least as a start. If we are lucky perhaps the CBI, working through Saleh to get to Abadi, will do the same thing on a Banking Law that they have apparently done on the Investment Law.  Let’s keep our fingers crossed!
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firefly (Dinar Guru) – [It feels things are speeding up the last 3 weeks…]   Faster than ever!  They have no choice. Watch for Sistani to talk.  Remember Sistani word is law! Sistani also told us he going to be more involved in the political arena…HUGE!  EVERYTHING Sistani has told Iraq to do, Abadi has done it! EVERYTHING.
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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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Millionday – Article quote:  “...the first deputy speaker of parliament Humam Hamoudi, on Thursday, that the amendment of the Investment Law will be submitted to parliament next Monday, in order to vote on it...”  [could they pass the law without activating it, and wait till they are ready to release everything at once?]  YES THEY COULD BUT ALL THIS IS OBVIOUSLY FOR A PURPOSE — LOANS ETC — DEVELOPMENT.  IMO THEY ARE NOT SITTING ON IT.
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Aggiedad77 (Dinar Guru ) – Article:  “the Council of Ministers approved at its special session, on Sunday, the draft budget for fiscal 2016…”   This is a GREAT thing to read today…the COM approving the budget for the year 2016…now hand this over to Parliament…and take heed of PM Abadi’s request to keep your political fingers off the budget and get this passed in the soonest route possible.
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BGG – …I feel we are at the door and how many times we were there..? with BRICS, CIPS and whatever else is out there…we are very close.
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DinarUpdates.com News Time Chat 10-18-15 PM Part 2 of 2

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

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

Millionday: READ EVERY WORD >>> He stressed that the contribution of the citizen his money chunky in those banks and companies lead to increased rates of investment, thus increasing economic activities, it returned to investors that a significant role in increasing liquidity and reducing the inflation rate to the fact that their contribution to the project will reduce the presence of money’s value will rise due to lack of supply.

Millionday: SO HE IS SAYING THAT A CHANGE IN VALUE WILL REDUCE THE SUPPLY — INCREASING LIQUIDITY — A HUGE GOAL

Millionday: BANKING REFORM IS NEEDED AT THE SAME TIME FOR ALL ECONOMIC REFORM AND ALL DEVELOPMENT — IT DEPENDS ON EACH OTHER

RickeyT: sounds like a float, thank you

Millionday: THEY HAVENT STATED EITHER WAY —- OPINIONS VARY BUT THE INK HAS NOT STATED YET THAT I HAVE SEEN
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Read More: http://www.dinarupdates.com/showthread.php?22743-Millionday-News-10-18-15
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wmawhite – What is missing in the following list of currencies?

1 Egyptian Pound = $0.13
1 Jordanian Dinar = $1.41
1 Qatar Riyal = $0.27
1 Bahraini Dinar $2.65
1 Israeli Shekel = $0.26
1 Saudi Riyal = $0.27
1 United Arab Emirates Dirham = $0.27
1 Omani Riyal = $2.59
1 Kuwaiti Dinar = $3.31
1 Iraqi Dinar $0.00085

…think of sesame street…”from the list of currencies what is not like the others?” From the list of currecnies, which country has the largest economy?  [the largest economy to be Iraq and the currency has leading zeros…which shows it’s weak at the moment.]  Very good…actually the current value is not weak…it is actually…worthless.  Yet, many of the other countries that have only a fraction of the GDP have currencies valued a 1,000 times greater.
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Enorrste (Dinar Guru) – I, for one, remain cautiously optimistic that the plan is moving forward, even though at a snail’s pace… I see that pressure is increasing to make a “leap” forward.  The passage of the Investment Law this week, hopefully, will be a big  step in the plan because it will open the door for protected investment and land ownership from foreigners…we could begin to see a significant increase in foreign investment in the near term. Then we need some banking relief through a new Banking Law.  Third, we need to see the introduction of the large 50K notes. Reducing the Iraqi money supply…will lead to a rise in the value of the dinar.  Once this process begins, hopefully before the year ends, I foresee a rapid rise in the value of the dinar…most importantly due to the influx of new money from abroad.  I’m actually excited to see this plan laid out in detail for the first time.  [post 3 of 3]
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Aggiedad77 (Dinar Guru) – Well from the sound of initial reports we should be hearing that the COM approved the budget today and will be forwarding it on to Parliament where there is a request to keep political differences away from the budget process and get this budget approved as quickly as possible…well I’m not holding my breath yet for that to happen…be looking today for a vote on the Investment Law by Parliament if they hold true to their word.
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DinarUpdates.com News Time Chat 10-18-15 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: WELCOME EVERYONE TO NEWSTIME

Millionday: Chairman of the Committee of Economy and Investment parliamentary Jawad al-Bolani confirmed that a large privileges will be granted to investors.

He said al-Bolani’s (IMN) “The investment law is the beginning of the stage is handled many obstacles they encounter generally Marqlat investment,” noting that “the public sector’s participation in the implementation phase of the projects and their participation is a key supporter in the investment process.

Millionday: NOTE — THE INVESTMENT LAW — WHOOOPOW
~~~

Read More: http://www.dinarupdates.com/showthread.php?22743-Millionday-News-10-18-15
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Enorrste (Dinar Guru) – The article is also fairly clear on those elements that have caused the “plan” to be stalled to a large extent…in addition to those things that we have always known, there were a couple new points made that make the lack of progress more understandable. The article is also specific in that it sees that the role of the government is obstructive rather than helpful in moving toward a more open market driven economy.   It is my view that Abadi is a good guy and that he is actually looking for ways to help move this process along.   Ideally, the CBI will give him suggestions that he can implement unilaterally (without approval from Parliament) to remove some of the strings that exist in government funding and expenditure, reducing the move to a market economy.  [post 2 of 3….stay tuned]
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Millionday – Article quote:  “…the first deputy speaker of parliament Humam Hamoudi, on Thursday, that the amendment of the Investment Law will be submitted to parliament next Monday, in order to vote on it...”  THIS IS THE FINAL VERSION OF THE AMENDMENT…THEY PLANNED ON VOTING IT THROUGH LAST MONTH IT APPEARS BUT — THE FINAL AMENDMENT GOES ON MONDAY.  THIS WILL OPEN IRAQ FOR FOREIGN INVESTMENT — WIDE OPEN IT SAYS…KNOW HOW HUGE THIS IS?  HUGE.
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Enorrste (Dinar Guru) – Article:  “Monetary policies in Iraq and proposals for the next phase applications”    We are all, or at least most of us, frustrated that the CBI has seemed to be unable to move “around the corner” leading to a rise in the value of the dinar…this article for once outlines in detail…the fact that the CBI definitely has a plan and that the plan includes, first, stabilizing the dinar rate, then second, raising the rate, and, third, eventually removing the large notes from circulation ( a clear goal of at least $1 for the dinar).  Therefore, if nothing else, this article is a confirmation that the overall plan remains in place in spite of the obvious drawbacks.  [post 1 of 3….stay tuned]
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Commercial Solicitation

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The Exchange Rate of Foreign Currency in Economic Feasibility Studies 

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:…

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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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…

Genesis 17:7 (NKJV)

7 And I will establish My covenant between Me and you and your descendants after you in their generations, for an everlasting covenant, to be God to you and your descendants after you.

Heavenly Father, Thank You that You are a covenant God! Thank You for Your everlasting covenant to be God to us and our descendants 🙂 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 – 10.18.2015

http://www.cbi.iq/

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

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*** Current Posts ***

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Millionday – Article quote:  “...the first deputy speaker of parliament Humam Hamoudi, on Thursday, that the amendment of the Investment Law will be submitted to parliament next Monday, in order to vote on it...”  [could they pass the law without activating it, and wait till they are ready to release everything at once?]  YES THEY COULD BUT ALL THIS IS OBVIOUSLY FOR A PURPOSE — LOANS ETC — DEVELOPMENT.  IMO THEY ARE NOT SITTING ON IT.
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Aggiedad77 (Dinar Guru ) – Article:  “the Council of Ministers approved at its special session, on Sunday, the draft budget for fiscal 2016…”   This is a GREAT thing to read today…the COM approving the budget for the year 2016…now hand this over to Parliament…and take heed of PM Abadi’s request to keep your political fingers off the budget and get this passed in the soonest route possible.
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BGG – …I feel we are at the door and how many times we were there..? with BRICS, CIPS and whatever else is out there…we are very close.
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wmawhite – What is missing in the following list of currencies?

1 Egyptian Pound = $0.13
1 Jordanian Dinar = $1.41
1 Qatar Riyal = $0.27
1 Bahraini Dinar $2.65
1 Israeli Shekel = $0.26
1 Saudi Riyal = $0.27
1 United Arab Emirates Dirham = $0.27
1 Omani Riyal = $2.59
1 Kuwaiti Dinar = $3.31
1 Iraqi Dinar $0.00085

…think of sesame street…”from the list of currencies what is not like the others?” From the list of currecnies, which country has the largest economy?  [the largest economy to be Iraq and the currency has leading zeros…which shows it’s weak at the moment.]  Very good…actually the current value is not weak…it is actually…worthless.  Yet, many of the other countries that have only a fraction of the GDP have currencies valued a 1,000 times greater.
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Enorrste (Dinar Guru) – I, for one, remain cautiously optimistic that the plan is moving forward, even though at a snail’s pace… I see that pressure is increasing to make a “leap” forward.  The passage of the Investment Law this week, hopefully, will be a big  step in the plan because it will open the door for protected investment and land ownership from foreigners…we could begin to see a significant increase in foreign investment in the near term. Then we need some banking relief through a new Banking Law.  Third, we need to see the introduction of the large 50K notes. Reducing the Iraqi money supply…will lead to a rise in the value of the dinar.  Once this process begins, hopefully before the year ends, I foresee a rapid rise in the value of the dinar…most importantly due to the influx of new money from abroad.  I’m actually excited to see this plan laid out in detail for the first time.  [post 3 of 3]
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Aggiedad77 (Dinar Guru) – Well from the sound of initial reports we should be hearing that the COM approved the budget today and will be forwarding it on to Parliament where there is a request to keep political differences away from the budget process and get this budget approved as quickly as possible…well I’m not holding my breath yet for that to happen…be looking today for a vote on the Investment Law by Parliament if they hold true to their word.
______________________________________________________________

Enorrste (Dinar Guru) – The article is also fairly clear on those elements that have caused the “plan” to be stalled to a large extent…in addition to those things that we have always known, there were a couple new points made that make the lack of progress more understandable. The article is also specific in that it sees that the role of the government is obstructive rather than helpful in moving toward a more open market driven economy.   It is my view that Abadi is a good guy and that he is actually looking for ways to help move this process along.   Ideally, the CBI will give him suggestions that he can implement unilaterally (without approval from Parliament) to remove some of the strings that exist in government funding and expenditure, reducing the move to a market economy.  [post 2 of 3….stay tuned]
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Millionday – Article quote:  “…the first deputy speaker of parliament Humam Hamoudi, on Thursday, that the amendment of the Investment Law will be submitted to parliament next Monday, in order to vote on it...”  THIS IS THE FINAL VERSION OF THE AMENDMENT…THEY PLANNED ON VOTING IT THROUGH LAST MONTH IT APPEARS BUT — THE FINAL AMENDMENT GOES ON MONDAY.  THIS WILL OPEN IRAQ FOR FOREIGN INVESTMENT — WIDE OPEN IT SAYS…KNOW HOW HUGE THIS IS?  HUGE.
______________________________________________________________

Enorrste (Dinar Guru) – Article:  “Monetary policies in Iraq and proposals for the next phase applications”    We are all, or at least most of us, frustrated that the CBI has seemed to be unable to move “around the corner” leading to a rise in the value of the dinar…this article for once outlines in detail…the fact that the CBI definitely has a plan and that the plan includes, first, stabilizing the dinar rate, then second, raising the rate, and, third, eventually removing the large notes from circulation ( a clear goal of at least $1 for the dinar).  Therefore, if nothing else, this article is a confirmation that the overall plan remains in place in spite of the obvious drawbacks.  [post 1 of 3….stay tuned]
______________________________________________________________

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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Aggiedad77 (Dinar Guru) – They are describing a new Iraqi culture that is truly working to make a better life for all Iraqis…sure it will be a slow process, but moving ahead is now the new reality.  Watch as they make plans, implement reforms, and bring people back to the forefront of importance all across Iraq…a new awakening is occurring.  Just as the Investment Law may come into play tomorrow with a positive vote in Parliament…one day at a time, one step at a time, one person at a time, they are working on improvements…That MR that flows like lava that can’t be stopped and along with it at the right time the blessing to benefit all.  [post 2 of 2]
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Adam Montana (Dinar Guru) – […do you honestly think Iraq will EVER revalue the dinar?]  If the day ever comes where I see evidence that we are going to lose money, I give you my word that I will tell the people.
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Aggiedad77 (Dinar Guru) – Article:  “The development of the banking system supports a balanced development”   …pay attention to what the news media is wanting to share with you these days.  I suddenly get a sense of a great change…Change from cover ups and deeply hidden masks of what was going on with the former government…  Today though we witness I think a new awakening…things like this article that speaks to real economic development…speaks to the growth of the private sector in terms of reality, not just words but actions that are taking place right in front of us.  [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction (from) 10-18-15

Currency Auctions Announcement No. 3055 (most recent listing) 

This daily currency auction was held in the Central Bank of Iraq on the 10-18-2015

The results were as follows:

More: http://dinarupdates.com/observer/
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Kaperoni – Article:  “Association of Banks: We are working on the horizontal increase in the banking sector by increasing the number of branches”   More encouraging news.  They would not be doing this unless they expected changes in the economy very soon..remember most banks are failing.  You don’t open more branches in any business when you have no business to begin with…unless
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firefly (Dinar Guru) – The AML was the cornerstone of ALL the laws. No wonder the IMF and WB insisted on it being done by Oct. 1st.  No ther law would work internationally if the AML wasn’t in place.  Like I said 4 days ago…”It’s coming”.
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Kaperoni (Dinar Guru) – Article:  ” The new investment law…to provide Iraq on a plate for the investor”   I’m all for anything that gets the wheels of investment turning in Iraq.  That is the only way the dinar goes up in value.  This is huge news…    Iraq has finally stepped up to the plate.  The title “Iraq on a plate for the investor” is a true statement if they pass this law.  With the law back to parliament, it hopefully will get passed Monday as they say. The good news is that when Abadi pulled these laws last week to make amendments, he is doing so it appears to really create momentum. Now we need some banking deposit insurance.
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Poppy3 (Dinar Guru) – looks like the real officials are lowering the boom on maliki and now for real nailing his coffin shut. OVER THE NEXT FEW DAYS LOTS WILL SHOW ON HOW SERIOUS THEIR CHARGES WILL PROVE.  NEXT THE INVESTMENT LAW BEING VOTED TO LAW IS A STEP IN THE RIGHT DIRECTION…HOWEVER THEY HAVE STOPPED THE BOND SALES PROGRAM THAT WE STATED SEVERAL TIMES WOULD NOT WORK. NO ONE WOULD INVEST IN BONDS THAT IS NOT BACKED WITH INTERNATIONALLY ACCEPTED CURRENCY.
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wmawhite (Dinar Guru) – For those of you that think there is nothing good happening…look at what BGG brought to you. another economist, who advises the GOI, stating the the IQD ought to be re-evaluated. This guy states it as if it is a fore-gone- conclusion.
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Mike (Dinar Guru) – Article: “The new investment law … to provide Iraq on a plate for the investor”  We’ll have to wait and see what happens on Monday, there have been several articles that talk about the investment law coming up for a vote then, If we see a strong law that gives investors some protection and the ability to buy the land, we’ll know they’re serious.  If the law is some watered down version of what’s needed, then we’ll know the old guard is still holding Iraq back from moving forward economically. IMO.
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Aggiedad77 (Dinar Guru) – Article:   “Crisis cell led by al-Abadi meets to conduct a comprehensive review of the budget law”   PM Abadi held a “crisis cell” meeting to prepare for an “extraordinary meeting” on Sunday regarding the 2016 budget…I hope he’s telling his ministers this is how the horse bit the apple…leave this budget alone…and tell your Parliament committees to do the same as he stares at Finance Minister Zebari eye to eye…again he focuses on salaries for 2016 up front rather than the funds needed to continue to fight DAASH…let that be a subtle hint that SECURITY is being taken care of…that it is not the issue it once was…the issue hasn’t gone away…but it is markedly better than earlier this year.
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Adam Montana (Dinar Guru) – 4. “…the rest of it…”  …we’re talking about Iraq.  Violent protests have always been and will always be part of their life, regardless of the value of their currency.  Don’t get me wrong… I’m not promising that things can’t go downhill…But my view is still positive on this. Expecting Iraq to turn into a civilized country, regardless of the value of their currency, is unrealistic. The protests and demonstrations will run their course, and at the end of it there will be a less divided community, not the opposite.  [post 2 of 2]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from Friday 10/16

Smart phone user link – Click here

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Adam Montana (Dinar Guru) – Article:  “Kurdistan/Erbil having a lot of issues that will delay political agreements to the HCL. What is your view on this article? ” …it’s an opinion piece.  I try not to give my opinion on other’s opinions, but I’ll indulge you this one time. 1. “The prime minister of Iraqi Kurdistan removed four ministers from his cabinet on Monday…”  Good! Trim some fat, less chefs makes for better meals.  2. “The unrest is the most serious the relatively peaceful region has seen in years…”  I disagree… Look at the last 10 years. Iraq – ALL of Iraq – is generally in a better spot, in almost every way imaginable, than 10 years ago.  3. “…The Kurdistan region is heading towards a much worse situation,” Mohammed said..”  Yousif Mohammed is a long time dooms-sayer. He has never, to my recollection, had anything positive to say, in any situation.  [post 1 of 2….stay tuned]
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Aggiedad77 (Dinar Guru) – Article:  “Sheikh Hamoudi announce an end to disputes over investment law and vote on it next Monday”  The Investment Law will walk onto center stage Monday, so it is said, for a Parliament vote on significant changes to the law….hopefully gone is the red tape, gone are any motives towards corruption….hopefully gone are the political differences that have plagued this law for months.
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BGG – Report quotes:  “10.  re-evaluation of the Iraqi dinar:  “…What makes it imperative for the government re-evaluation of the Iraqi dinar is reasonable…”   this is a hummdinger…That was from a report out by one of their economic advisors…
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