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

Word for the day…

Mrs. BGG

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http://www.cbi.iq/

Indicative rates – 08.15.2016

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Shallow men believe in luck. Strong men believe in cause and effect. – Ralph Waldo Emerson

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*** Current News ***

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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
8/15 “After Call” – w/RCookie,
Mr White & Hutch

from 8/10 – Smart phone user link – Click here

Hey gang – out of respect… I am putting a hold on the official “News Time” and “After Call” for tonite. One of our gang has a family emergency – we’ll regroup sometime tomorrow.

Thanks

BGG

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mike (Dinar Guru) –    I’ve always read that the WTO wants Iraq to:  “He said the main duties of the task force are reducing the difference of value between Iraqi Dinar and US dollar and activating Iraq’s private sector.”   …the dollar to dinar difference right now is about 100,000%, there’s a big space available to raise the value of the dinar without it having to be 1-1…the WTO isn’t saying the dinar has to be close to a dollar, it’s saying that Iraq needs to close the gap a little, like a nickel, dime or quarter rise, not the full dollar amount.
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tlm724 (Dinar Guru) –   Article:  “The Iraqi government signed on Thursday a memorandum of understanding with the United Nations requires the involvement of international investigators in the files, “grand corruption“  For months, Iraqis organize demonstrations in the capital Baghdad and the southern provinces, demanding the formation of a government of technocrats, and an end to political wrangling in Parliament, and to provide the corrupt to justice… hopefully this will help calm the people a lil.
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Monday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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SteveI (Dinar Guru) –   There is just too much going on in the back ground to support this happening that I am extremely encouraged. There are a few things going on within the ISX that if our team can really confirm, then that alone would put the icing on the cake for me. I believe that once Mosul is under control we are going to see some very happy days.
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rcookie (Dinar Guru) –  Article quote:  “Revealed Badr parliamentary bloc, on Saturday, on the nomination of Qasim al – Araji , an official for the post of interior minister, noting that the cabinet reshuffle will be presented to a vote next Monday.”  Article:  “Adeeb: National Alliance blocs will meet tomorrow to decide the general amnesty law”  IRAQ IS GONNA GET THEIR VOTE ON FOR MONDAY…BOTH LAWS GETTING REQUISITE COMMITTEE REVIEWS TOMORROW [SUNDAY]…AND PARLIAMENT FOR VOTE MONDAY…
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Iraqi Dinar/Dollar auction (most recent listing) 08-15-16

Currency Auctions Announcement No. 3259

This daily currency auction was held in the Central Bank of Iraq on the 08-15-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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tlm724 (Dinar Guru) –   Article quote:  “the Governor of the Central Bank, to “the absence of fiscal policy in Iraq,” and stressed that it is managed on the everyday problems and social pressures and not drawn for the future “, and was charged with the institutions’ work for political interests disability monetary policy in the country”  “that “the economic reform process in Iraq is still at the beginning of the first stage”  And how many years have you been the governor of the CBI?  Look I’m not saying he is a miracle worker and we know he has to have support, laws and stability…but really?  The CBI is an independent body and I don’t accept his performance thus far!  He has done very little to correct the policy and if it weren’t for the IMF pulling the strings behind the scenes we wouldn’t see new policy’s written and implemented!  The good news is that the policy is being changed…
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BGG (Dinar Guru) –  [On a scale of 1 to 10, how excited are you about UN intervention into Iraq corruption files?]  9 – it’s why things are moving so fast.
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Be sure to join the New Dinar Updates “private” FaceBook Group…

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

(go here and ask to join… then add some Dinar Friends!!)
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rcookie (Dinar Guru) –    THERE ARE INDEPENDENT POLITICAL BLOCS MAKING LAST DITCH EFFORTS TO OBSTRUCT THE GENERAL AMNESTY LAW SAYING THAT THE PASSAGE WILL RELEASE MANY TERRORISTS BACK INTO THE COMMUNITIES …JABOURI STATES THE LAW WILL BE VOTED ON IN MONDAY’S SESSION.
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mike (Dinar Guru) –   [IMO, if the plan is on target, we are watching the CBI now get ready for the initial increase in value… Reference Guru Kaperoni post 8-13-2016 ]  I’m hoping the plan is on target, but it sure seems like a tall order in a very short period of time. In just a little over five months we’re hoping that Iraq will get rid of the exchange restrictions, get the spread down from 1287 – $1 to something less than 1205 – $1 and the dinar’s in Article VIII, right?  …I don’t see a way for the dinar to rise unless it’s internationally recognized, other countries have to trust it before they’ll accept it, right?  Without the ability to purchase imports with the dinar, I don’t see how they can get the value to .10, they’ll need that to create demand over the dollar. So, that begs the question, will they start at 1182 or will they start at a nickel and go from there?For sure, we’re going to have to see these guys move at speeds yet unseen to realize the goal of 50, 100 and 200 dinar notes in early 2017, here’s hoping they do it.
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BGG (Dinar Guru) –    [i really do not see this going more then few more weeks not month … Next month will be something.]  I know a few very good sources that feel before the end of the year is not unrealistic.
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Abadi plans to put forward three candidates for each ministry to parliament soon

House of Representatives awaiting the arrival of the new cabinet reshuffles, “” Prime Minister Haider al-Abadi; to study; in preparation for a vote in parliament.

According to leaks that the prime minister intends to put forward three candidates for each ministry names are selected after negotiations with the political blocs. Provided that the “efficiency” are essentially standard in filtration.

In this regard, MP for the coalition of state law, Haider Mawla says the parliament awaiting a list of the names of the Prime Minister “substitutes” for those who have resigned or sacked minister…

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

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Aggiedad77 (Dinar Guru) –   Article:  “Iraq surpassed the most dangerous phase of the financial crisis”   this article IMO is HUGE…HUGE…it’s telling us that not only has Iraq passed the financial crisis… HUGE… but they have done so in a SUCCESSFUL way…again HUGE…plus they are SCREAMING at us about the world’s growing CONFIDENCE in Iraq…once more…HUGE…This has the ring of financial reform to it from top to bottom…Rasheed and Rafadain Banks stepping up to offer loans…loans that will bring providing a productive economy through the transformative process that will allow for multi-resource production programs…It is this kind of kick start to the economic reforms that will help Iraq get a running start at other revenue sources besides oil…HUGE… HUGE…it’s being orchestrated right before our eyes….HUGE…IMO of course.
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BGG (Dinar Guru) –    [ I am trying to figure out if there will be a float or managed float of the dinar…?]  I don’t know about float – but certainly “positioning” to do something… and that is EXCITING.
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DU NEWS RECAP by RCookie

WEDNESDAY AUGUST 10TH, 2016

GENERAL

GOLD AT 219,00 IQD TO THE WEIGHT…AUCTIONS AT $150 MILLION…ZEBARI PRESIDES OVER ECONOMIC AFFAIRS COMMITTEE ALONG WITH CBI GOVERNOR & CHAIR OF INVESTMENT AUTHORITY & INDUSTRY MINISTRY MEETING TO DISCUSS WINTER STRATEGY FOR BAGHDAD SERVICES PROJECTS WATER, SEWERAGE AS WELL AS PRIVATE SECTOR MEDICINE AND INDUSTRY…ABDUL BARI ZEBARI ELECTED TO PARLIAMENT FOREIGN RELATIONS COMMITTEE CHAIRMAN…JAFAARI ANNOUNCES ESTABLISHMENT OF FOREIGN CONSULS IN BASRA PROVINCE INCLUDING US, RUSSIA, KUWAIT, IRAN AND EGYPT FOR ECONOMIC & POLITICAL FACILITATION…NORWAY ANNOUNCES TOTAL RECONSTRUCTION SUPPORT TO IRAQ $10.6 MILLION FOR 2016…

Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) –   Article: “Central Bank: the issuance of three categories of cash in 2017”   IMO, if the plan is on target, we are watching the CBI now get ready for the initial increase in value which will allow the 50, 100, 200 to begin circulation at the beginning of 2017.   Which as I have already stated, means the dinar needs to rise to about 5 or 10 cents. They will not release these notes until the value is appropriate for the notes to warrant circulation. So we are seeing the banking system now being prepared by laws, compliance with the IMF etc.. The next several months will be very busy I would expect in the media.
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Kaperoni (Dinar Guru) –    Article:  “Zain launches electronic payment solutions and prepared the first time in Iraq”   Quote:  “…first electronic payment means in Iraq will contribute to the expansion of e-commerce areas and will have a similar effect to the effect of “PayPal” on e-commerce in the United States or the impact of credit cards on the global economy.”    This IMO is all part of the plan to make the dinar a competitor in foreign currency.  Lining up to open the banking system.
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BGG (Dinar Guru) –    …the General Amnesty Law…our researchers tell us the 1st draft will be in Parliament over the weekend… NOT DONE OR VOTED ON!!   [the gen amensty law may be voted on next week?]  That appears to be correct.   …they will work over this draft, read it a couple of times and go from there. It appears close.  [what happen to make them move so fast now?]  Easy – IMF, WB, UN – M-O-N-E-Y!!
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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…

Mrs. BGG

______________________________________________________________

Indicative rates – 08.09.2016

http://www.cbi.iq/

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An armed society is a polite society. Manners are good when one may have to back up his acts with his life. – Robert Heinlein

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*** Current News ***

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BGG ~ Announcement coming tomorrow…

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mike (Dinar Guru) –   Article:  “The terms of a loan of the International Monetary Fund for Iraq .. prejudice to national sovereignty”   When you get down to it…Iraq is a sovereign country, they should make their own decisions without coercion. The problem is, they have no political will to make changes on their own, they have to be led by their nose to get anything done. It’s embarrassing that the IMF and WB have to step in and right the ship, but at this point, Iraq must be used to others coming in and fixing their problems.
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BGG (Dinar Guru) –    …they are moving forward at great speed – right now… most are justifiably excited right now.
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Chattels (Dinar Guru) –   Parliament will reconvene Tuesday and completed questioning of the Minister of Defense.  Otherwise a very unremarkable agenda for Tuesday.
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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
8/05 “After Call” – w/RCookie,
Mr White & Hutch (Recording)

From 8/005 – Smart phone user link – Click here

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wmawhite and rcookie (Dinar Guru) –   The Kuwaiti Experience…What does Iraq have in common with what Kuwait experienced.  We do know that from the summer going into March of the next year that the Kuwait dinar was off the markets…the banks were closed.  We do know that exactly 26 days after the end of the war the banks reopened by instituting a new Kuwait dinar at a value of 50 – 55 cents per dinar and the old Kuwait dinar that anyone may have left the country with fleeing the war at 1 – 1.  The Kuwaiti experience is instituting a new currency at an old rate and all of the other banking functions that had to be started back up…credit cards, debt cards etc…that is what they [Iraq] are getting ready to do.  They have a brotherly neighbor that is a success story that they are mirroring and look where Kuwait ended up…!
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ADMINBILL (Dinar Guru) –   ANOTHER WEEKEND HAS COME AND…GONE WITH THE HOPE OF THE ELUSIVE  RV AND THE RUMORS AND SPECULATION THAT SURROUNDS THE CONCLUSION…NOT HERE YET   …TODAY HAS BEEN A VERY STRANGE DAY IN DINARLAND.  A DAY THAT HAS BEEN REFERRED TO AS “DEAD QUIET” BY SEVERAL CONTACTS.  UNDERSTAND THAT THIS HAS BEEN AN INCREDIBLY COMPLEX AND DIFFICULT PROCESS TO COMPLETE…I KNOW MANY…ARE HOPING AND PRAYING FOR THE COMPLETION OF THIS EVENT. DON’T STOP. BE AT PEACE.
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rcookie (Dinar Guru) –   Article   “Invalid: donor funds will move Iraq development and attract foreign investors”   Quote:  “Prime Minister’s Adviser for Economic Affairs Mohammad Saleh appearance, the donors ‘ Conference funds represent “a step” to move the development in Iraq and bring stability to post “ISIS”, noting that it also represents an opportunity to attract foreign investors.”  THERES THAT STABILITY WORD AGAIN…AND DIRECTLY ADDRESSES DOUBTERS WHO THEORIZE THAT IF THEY KEEP GETTING LOANS..WILL SLOW DOWN DEVELOPMENT AND REFORM PROCESS…
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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Aggiedad77 (Dinar Guru) –   Article:  “Observer news / Baghdad…private sources: the call for an urgent meeting chaired by President Fuad Masum ,and the presence of al – Abadi, Maliki and al – Jubouri and Najafi Allawi and al -Hakim and other political figures”  Big POW-WOW on the horizon…wonder if he tells Maliki his time is up and to stop clowning around…then he looks to Abadi…we got Mosul yet…oh and by the way A…your meetings with Dr. Shabibi…let’s get that wrapped up too…we got bigger fish to fry…Parliament is playing right into our hands.
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rcookie (Dinar Guru) –  1ST WE REPORTED LICENSES BEING ISSUED…AND NOW…  “Iraq Stock Exchange is preparing to launch investment funds and expert prepared “solution” to the problems of funding and unemployment”  BOULAYAAAAAAH!   Article quote:  “IRAQI STOCK EXCHANGE ANNOUNCED TODAY THE LAUNCH OF INVESTMENT FUNDS AND ADD NEW FINANCIAL INSTRUMENTS FOR TRADING IN COLLABORATION WITH THE CENTRAL BANK AND GIVE THE FUND A PRIORITY AWAY FROM THE COMMITTEE ISSUING LICENSING FROM JULY 17TH IN THE SECURITIES COMMISSION DEPARTMENT OF REGISTRATION OF COMPANIES TO ATTRACT NATIONAL AND FOREIGN SAVINGS & INVESTMENT IN SECURITIES AND ADD TOOLS TO FINANCIAL TRADING…”  FOLKS THEY ARE SOOOOOOO READY!
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Kaperoni (Dinar Guru) –   Article:  “Iraq Stock Exchange is preparing to launch investment funds and expert prepared “solution” to the problems of funding and unemployment”    They been talking about this for a couple of years.  ISX transactions are in Dinars so until the CBI changes its monetary policy, I do not think it can happen.  We shall see.  A good thing for sure.
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Iraqi Dinar/Dollar auction (most recent listing) 08-08-16

Currency Auctions Announcement No. 3254

This daily currency auction was held in the Central Bank of Iraq on the 08-08-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) –    Article:  “Real Estate Bank to stop granting loans for “lack of liquidity”  VELOCITY EFFICIENCY…OR LACK THEREOF…THE POT IS BOILING OVER!!
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ADMINBILL (Dinar Guru) –   NO ACTIVE RV AS YET…SOURCES POSITIVE.  MUCH IS HAPPENING.
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wmawhite (Dinar Guru) –   [Executive order 13303…what is it and what does it mean for us dinar holders?]    What is an Executive Order?  An Executive Order enables the president to by pass or step around the normal appropriation process the way it is laid out in the constitution and to do things and to use his executive power to carry out certain events and in this case directing funding, primarily humanitarian funding and assistance, through all of the different Federal agencies toward the country of Iraq.  And it says because of the emergency and in the last couple of years it’s been humanitarian emergencies… Each time it has been signed, I read it over and over and I can’t see anything in there that pertains to whether or not…being a sovereign country having it’s own currency…as to whether or not it will change it’s value or not change it’s value. I don’t see any impact on it one way or the other.  So what is the rumor…has it been signed or not been signed…I don’t see a connection between the two.
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Be sure to join the New Dinar Updates “private” FaceBook Group…

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

(go here and ask to join… then add some Dinar Friends!!)
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wmawhite (Dinar Guru) –   [Among the factors encouraging foreign investment, how important is the current IQD low exchange rate?]   the low value is always good for a country to encourage investment…in a limited capacity…however…with Iraq when the flood gates open, Iraq will need to leverage its currency with a greater value.
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Bondlady (Dinar Guru) –  Article quote:  “Baghdad She said the oil marketing company Iraq (SOMO) said in a statement on Thursday that Iraq pumped 4.632 million barrels per day of crude oil in the month of July, recording an increase of 4.559 million barrels per day in the month of June.”   the most oil pumped per day during saddams time at the end was 3 millon bpd. this is just awesome and they’re pumping more an more every day. even tho low oil prices this is great for them and it will only get better now as they get there crap together economically more an more every day…love it .
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tlm724 (Dinar Guru) –   Article quote:  “Parliamentary Finance Committee unveiled on Thursday a new law to regulate the work of government banks, is done within the Commission. As it pointed out that this law will cancel all previous laws on banks”  …now thats hot!  we have waited soooooooooo long for these banking laws and here they are…
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Abadi plans to put forward three candidates for each ministry to parliament soon

House of Representatives awaiting the arrival of the new cabinet reshuffles, “” Prime Minister Haider al-Abadi; to study; in preparation for a vote in parliament.

According to leaks that the prime minister intends to put forward three candidates for each ministry names are selected after negotiations with the political blocs. Provided that the “efficiency” are essentially standard in filtration.

In this regard, MP for the coalition of state law, Haider Mawla says the parliament awaiting a list of the names of the Prime Minister “substitutes” for those who have resigned or sacked minister…

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

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Bruce (Dinar Guru) –   We should be highly expectant… it is about our time. We know our time very close with the info we are getting.  I have heard that this so call RV has happen, taken place. I believe this is true. WE know the redemption centers are on black out. WE know they are quiet. They are ready, trained, prepared on deluru machines.  We believe that we are very very close to what will be our final receipt of our blessing. We have given you some time windows and frames in the past. We are hearing some of those yes. …we do have a reason to believe the rates have stabilized and are locked which is interesting. There really maybe nothing more than a slight time issue on the release. …all have a green light,  just up to the final button pusher to release it. We are looking good for take off, lift off.
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Frank26 (Dinar Guru) –   …they are on the speed of light on their financial reforms…their Monetary Reform…it is just now starting to march forward…IMO…it is a new rate that they need…like I have told you…it is the RI into the RV…but this is just the RI. …IMO…all of these indicators…indicators of the RI into the RV…the RATE CHANGE…is the next goal…IMO…in order for them to enter into a cashless society…You know what else this means…the concept of going into digital currency…it means there is no LOP…
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Kaperoni (Dinar Guru) –   We sure don’t have all the answers, but we do know that the plan is to raise the value. 
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DU NEWS Recap by RCookie
(from) MONDAY August 8th, 2016

ECONOMY/BUSINESS/INVESTMENT

MoF ZABARI MEETS WITH KUWAITI DELEGATION TO NEGOTIATE TAX SETTLEMENT FOR ZAIN TELECOM AND LEGAL CONTINUATION OF SERVICE PROVIDING IN IRAQ…LEADER OF ISLAMIC DEVELOPMENT BANK (SAUDI) MUHAMMAD ALI EXTENDS INVITATION TO PRESIDENT IRAQI DEVELOPMENT & RECONSTRUCTION AND CBI AND WORLD BANK TO MEET IN BANKS HEADQUARTERS JEDDAH SOON TO DISCUSS IRAQS DEVELOPMENT NEEDS THROUGH RECONSTRUCTION FUND…ISX POSTS 3RD STRAIGHT DAY OF GAINS ENDING UP 0.25% OR 1.42 TO 560.03 DRIVEN BT BANKING SECTOR…CHINESE AMBASSADOR CHEN ANNOUNCES RESUMPTION OF WORK TO COMPLETE GALSAH POWER STATION SOON IN SAMARRA SALAHUDDIN STARTING AT 1260 MW AND RISE BY 2500 MW…CBI ANNOUNCES “OPEN DOOR”POLICY TO COMMUNICATE WITH BANKS & FINANCIAL COMPANIES & MONEY TRANSFER COMPANIES INCLUDING BROKERS BUYING & SELLING FOREIGN CURRENCIES AND INVESTIGATE BLACKMAIL CHARGES OF CERTAIN CBI OFFICIALS…IRAN AWAITING ON KURDISTAN DECISION ON OIL EXPORT AGREEMENT BETWEEN TWO…ZEBARI MEETS WITH OIL MINISTRY TO DISCUSS NECESSARY INVESTMENT FUNDING FOR DEVELOPMENT IN THE OIL SECTOR… LAND TRANSPORT SIGNS COMPANIES LARGEST CONTRACT EVER TO DELIVER CEMENT FRO M SULAYIMINIYAH TO ALL PROVINCES…LAND BANK PAUSES TO AUDIT LOAN TRANSACTIONS DUE TO LACK OF LIQUIDITY…BASRA INT’L AIRPORT TO OPEN ROUTE BETWEEN BASRA & TEHRAN STARTING TOMORROW…TRANSPORT MINISTER ABTAN ANNOUNCES OPENING OF MASSIVE BAYAA TRAVELERS STATION WEST OF BAGHDAD IN 10 BILLION PROJECT THAT INCORPORATES AIR, RAIL, ROAD AND PORTS AND SERVE AS ANNEX TO KARBALA HALL AT BAGHDAD INT’L AIRPORT…MINISTRY OF CONSTRUCTION & MUNICIPALITIES DISTRIBUTES 8 BILLION IQD FUNDS IN LOANS FOR BENEFICIARIES OF DIWANIYAH PROVINCE SHARE OF TOTAL 850 BILLION IQD PROGRAM BY CBI…ECONOMIST ANTOINE AS HEAD OF STATE COMMITTEE TO PROMOTE PRIVATE SECTOR ADVANCEMENT IS HINDERED BY RED TAPE & CORRUPTION AND PROPOSES REVIEW BY “PENTAGONAL COMMITTEE…LEADING NATIONAL ECONOMISTS WARN OF CONTINUED HIGH DOLLAR EXCHANGE RATE WHICH HAS LEAD TO INFLATED PRICES OF GOODS & SERVICES AND SEEK TO REDUCE THE CURRENCY AUCTION BUSINESS….STALLED PROJECTS IN MUTHANNA PROVINCE ESTIMATED AT 30.2 BILLION IQD…NATIONAL INVESTMENT COMMITTEE HAS FORMED AN INTERNAL COMMISSION TO DEVELOP A NEW INVESTMENT MAP FOR BASRA & OFFER MAJOR INVESTMENT OPPORTUNITIES WHILE CALLING FOR ACCELERATION TO PORT OF FAW PROJECT…

Read More: http://www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) –   Abadi is doing a wonderful job…and he is working with many other agencies that are international to rebuild his country… the confusion that we saw is clearing up as we get closer and closer to the landing of this investment…  They gave you Fallujah…then economic reforms everywhere at the speed of light…economic reforms are all over the place…let them give you Mosul…and then IMO…you will see the financial reforms.  Let’s talk real quickly about the MasterCard that was supposed to come out on the 2nd…where is it… as far as the MasterCards, as far as Mosul…as far as anything else…they need to raise the value of their currency first…   [post 2 of 2]
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Frank26 (Dinar Guru) –   …the month of July IMO…was a coming together of many different parts…you have the IMF with Iraq…you have the United States with Iraq…you have the US with many different countries in what they are trying to do with trade…you have the banking systems around the world who are literally salivating…every time they look in the direction of Iraq…Why…you have a lot of countries and companies that are pouring in now and they weren’t in years before…why…I mean every country that you can think of wants to come in and be a part of Iraq’s future…but…at a program rate of 1166…   [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) –    Article:   “Continuing efforts to join the World Trade Organization”  This is good news.  Remember, one of the conditions set a few years ago was the raise the value of the dinar prior to WTO accession.
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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…

Mrs. BGG

______________________________________________________________

Indicative rates – 08.05.2016

http://www.cbi.iq/

______________________________________________________________

An armed society is a polite society. Manners are good when one may have to back up his acts with his life. – Robert Heinlein

______________________________________________________________

*** Current News ***

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Frank26 (Dinar Guru) –    …they are on the speed of light on their financial reforms…their Monetary Reform…it is just now starting to march forward…IMO…it is a new rate that they need…like I have told you…it is the RI into the RV…but this is just the RI. …IMO…all of these indicators…indicators of the RI into the RV…the RATE CHANGE…is the next goal…IMO…in order for them to enter into a cashless society…You know what else this means…the concept of going into digital currency…it means there is no LOP…
______________________________________________________________

Kaperoni (Dinar Guru) –   We sure don’t have all the answers, but we do know that the plan is to raise the value. 
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Frank26 (Dinar Guru) –   Abadi is doing a wonderful job…and he is working with many other agencies that are international to rebuild his country… the confusion that we saw is clearing up as we get closer and closer to the landing of this investment…  They gave you Fallujah…then economic reforms everywhere at the speed of light…economic reforms are all over the place…let them give you Mosul…and then IMO…you will see the financial reforms.  Let’s talk real quickly about the MasterCard that was supposed to come out on the 2nd…where is it… as far as the MasterCards, as far as Mosul…as far as anything else…they need to raise the value of their currency first…   [post 2 of 2]
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Frank26 (Dinar Guru) –   …the month of July IMO…was a coming together of many different parts…you have the IMF with Iraq…you have the United States with Iraq…you have the US with many different countries in what they are trying to do with trade…you have the banking systems around the world who are literally salivating…every time they look in the direction of Iraq…Why…you have a lot of countries and companies that are pouring in now and they weren’t in years before…why…I mean every country that you can think of wants to come in and be a part of Iraq’s future…but…at a program rate of 1166…   [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) –   Article:   “Continuing efforts to join the World Trade Organization”  This is good news.  Remember, one of the conditions set a few years ago was the raise the value of the dinar prior to WTO accession.
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Kaperoni (Dinar Guru) –   [Will Iraq have to get control of the MCP for the 90 days prior to a move in the dinar’s status?]  It is my understanding that the CBI will have to maintain the 2% spread for 90 days in order to get the green light from the IMF to move to Article VIII.    [If the currency is listed on Forex, doesn’t that mean the dinar is now in Article VIII?]  Interesting question.  I do not know if their is a direct relationship between participation in Forex and IMF Article VIII.  IMO, moving to Forex is more than just floating the dinar, it would provide the alternative they need to the daily auctions. Keep in mind, the CBI can float their currency at anytime without Article VIII.
______________________________________________________________

Adam Montana (Dinar Guru) –    […is there a  part of any  i.m.f. or world bank contract or translations, that  tells central bank of  Iraq, that when they go electronic banking there must be a value  to the dinar...?]  As much as I wish there were some kind of entity that could force the CBI to put a specific value on the dinar, I don’t believe anyone can force the CBI to do anything. Yes, there are influences and they will play nice with what other financial entities want, because the end goal is to be an internationally traded currency with a respectable value!  But nobody can “force” the CBI to do anything. That’s a good thing, though, because just like they can’t be forced to raise the value… they can’t be forced NOT to raise the value.
______________________________________________________________

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
8/05 “After Call” – w/RCookie,
Mr White & Hutch

Smart phone user link – Click here

______________________________________________________________

Kaperoni (Dinar Guru) –   [What, if any, laws are needed before Iraq can move to Article VIII?]  I am not aware of any laws persay that need to be passed, only restrictions that exist in monetary policy that conflict with the guidelines of Article VIII under the IMF.  Once they are in compliance, I would expect the CBI and IMF will be working to transition.  Under the IMF guidelines, central banks have to strive for Article VIII.  [To do this move, would the CBI have to remove all of the exchange restrictions?]  Yes.  Article VIII is the ideal situation for Iraq which benefits them when it comes to international acceptance and convertibility.  Keep in mind, Article VIII and currency reform are two separate issues.  I believe the CBI will begin to reform the dinar via float and delete the zeros before Article VIII.
______________________________________________________________

tlm724 (Dinar Guru) –    Articles:  “Alusi demanding the president to dissolve parliament and form an emergency government”   “Nassif: Defense Minister to offer me a million dollars in exchange for the postponement of questioning for a week”   Quote:  “I ask you and I ask all those responsible and sensible to dissolve parliament and to move the government of emergency and early elections.”    hmm could get ugly…that interrogation of Obeidi has stirred the pot big time. Nassif has accused him of trying to bribe her with a million dollars to delay the questioning.
______________________________________________________________

Adam Montana (Dinar Guru) –   One thing we should all know about how a dramatic increase in the value of the dinar will work is that nobody in Iraq (or anywhere else for that matter!) will go into a bank or currency exchange with dinar and then walk out with buckets or wheelbarrows full of another currency. That’s not how it works! We will either have to deposit it into their account, wire it to another account via their bank, or perhaps we will get a cashiers check.   Iraq faced a major problem 10 years ago that would have single-handedly prevented the RV, even if it weren’t for the broken GOI and everything else: Technology. Iraq did not have the technology to do a mass conversion of their currency. I am referring not only to the lack of technology in their paper currency itself, which made it easy to counterfeit, but also the technology in how their banks talk to each other, share funds, or even participate in the auctions…before ~2009 the ISX was basically done on chalkboards!  …but this is no longer the case. Check this out:  “The central bank plans to activate the electronic systems to minimize the cash trading process”  ...we are nearing the end of this ride. SO MANY things are now out of the way, the path forward is clearing up faster than a lot of people can believe, and we will see a rise in the value!   [post 3 of 3]
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

Adam Montana (Dinar Guru) –  3. The news is showing more and more that Iraq is pushing to get control of ISIS. …I’ve even heard a few comments about how ISIS must be “completely destroyed” before an RV, but that’s just not true. ISIS influence on the stability of Iraq is dwindling.  4. In a continuing effort to bring Iraq as a nation closer together, we see more and more instances of the Kurds getting a larger share of the money. If you think back a couple years, you’ll remember that the biggest obstacle to the HCL has always been lack of cooperation from the Kurds, and for good reason. They were getting screwed! Since Abadi has taken the wheel, that has changed. We are closer than ever to an HCL. It WILL happen.  I saved what may be the best for last…   [post 2 of 3….stay tuned]
______________________________________________________________

Adam Montana (Dinar Guru) –   Here’s something I almost never do… a DATE! (Sort of.) Ready? September MAYBE, October I REALLY like.  I could be wrong – August is not completely ruled out in my book, but after doing these updates for so many years, and studying Iraq and other countries like a hawk for an even longer time… I think I have a good “feel” for the status. …these first 2 are the bad points. 1. It’s been my experience (and history/news/Google will back this up with facts) that after Ramadan, they (Iraq) either have things lined up and ready to reach a milestone…or they don’t.  Let’s face it, nothing major came after this most recent Ramadan. It doesn’t concern me about an “eventual” increase in the IQD, but I’m not going to expect it this week. 2. Remember what I was saying about “watch the oil” for the HCL to grow legs? Oil dipped again. Where it was once on the way back to a respectable $60ish range, it has dropped back down below $40 again.  Oil will go back up, and the HCL will get moving again, but I doubt August is our month.  Now let’s talk about some positive stuff… [post 1 of 3….stay tuned]
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rcookie (Dinar Guru) –    Article:  “Dinar on raising the money supply in the size of banks”   Quote:  “Currency market and called on the central bank to the registration of the Iraqi dinar in the foreign exchange market…”  HUGE INFORMATION IN HERE…HUGE!  CBI TO REGISTER IRAQI DINAR ON FOREIGN EXCHANGE MARKET!  FORM A JOINT STOCK COMPANY FOR THE MANAGEMENT OF ELECTRONIC TRADING & ISSUING SMART CARDSESPECIALLY DUE TO THE SHORTAGE OF CERTAIN NOTES LIKE THE 25K RESULTING FROM SMUGGLING…THEY ARE CITING THE SUCCESSFUL PROGRAM TEMPLATE OF THE KUWAITIS… TOWARD THIS MATTER!
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 08-03-16

Currency Auctions Announcement No. 3249

This daily currency auction was held in the Central Bank of Iraq on the 08-01-2016

The results were as follows:

Currency Auctions Announcement No. 3250

This daily currency auction was held in the Central Bank of Iraq on the 08-02-2016

The results were as follows:

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

Bruce (Dinar Guru) –   Redemption centers are quiet. They are on blackout. Some that we know of, so probably all are ready for notifications. We believe that all are on an any moment basis. We heard this from many sources. We are not calling it, we are just telling you to the best of our ability that this is what we have been told that this is where we are.  I’m excited, but I’m cautious about making you all too excited. I’ve been affected by this over 12 years. I’m frustrated as well. But we are all in the same boat.  We will all receive the blessing together. We all go at the same time. Rates – my position has always been not to put out rates…rates could change up or down, at any moment.
______________________________________________________________

Bondlady (Dinar Guru) –  Article:  “Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar”   …people are still sitting on their dinars, the CBI needs the majority of those dinars back, if the people won’t do it on their own, I wonder if the prices aren’t being manipulated, making things cost more money by making the dinar even less attractive and causing them to use more dinars for there purchases… end result would be the same just not as quick imo.
______________________________________________________________

rcookie (Dinar Guru) –    …PARLIAMENTS CONTINUATION OF OBEIDI’S CLOSED DOOR QUESTIONING SESSION IS OFF UNTIL NEXT TUESDAY THE 9TH…MANY WERE IN THE OBEIDI CLOSED DOOR SESSION…THE HOLDUP IS THE UNDERPINNINGS OF ADDRESSING CORRUPTION AND ESTABLISHING INSTITUTIONAL STABILITY THROUGHOUT IRAQ…INCLUDING…SECURITY… LEGISLATIVE…JUDICIAL AND ECONOMIC…
______________________________________________________________

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

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

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

Kaperoni (Dinar Guru) –   Article:  “Dinar on raising the money supply in the size of banks”  Quote:   “…called on the central bank to the registration of the Iraqi dinar in the foreign exchange market,…”    Bingo!  For those who don’t know…the foreign exchange market is Forex.  So they are ask the CBI to list the Dinar on the Forex for trading.  Which is exactly what we want…time to float the dinar and let the world market set the value.
______________________________________________________________

ADMINBILL (Dinar Guru) –   HERE IS WHERE I THINK WE ARE AT 1:40PM MDT TUESDAY AFTERNOON. I BELIEVE WE ARE IN THE PROCESS WHICH INCORPORATES THE CURRENCY AND THE BONDS.  I BELIEVE THAT THE BOND TRANSACTIONS ARE WHAT HAS BEEN HOLDING THE PROCESS UP BUT THAT IS A DONE DEAL NOW.  I BELIEVE THAT THE CURRENCY MUST PRECEDE THE BONDS TO SUPPORT BOND REDEMPTION OR, AT THE VERY LEAST, GO AT THE SAME TIME.  I DO NOT BELIEVE THE BONDS CAN PRECEDE THE CURRENCY. I FURTHER BELIEVE THAT WE MUST BE NEAR WITH THE CURRENT PUBLIC BOND DISCUSSIONS…MY OPINION ONLY.
______________________________________________________________

Shredd (Dinar Guru) –   Article:  “Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar”  With the money supply reducing and the economic growth trending, along with laws continually being implemented and the demand for Iraq’s oil as well as the continued support from her allies during the recent fluctuation in oil prices, there needs to be a growing urgency for the dinar to more closely represent it’s true value.
______________________________________________________________

E-Currency

Yasser incumbent – Received a seminar « the introduction of the electronic currency trading and cash deal» the economic importance of direct and semantic interest group of business and finance experts and economists and interacted with the event organized by the progress of policy development institute and as usual in the selection of sensitive topics related to seek the requirements of economic reform efforts by the Central Bank of Iraq on the path of preparation to announce the date of implementation of this advanced program in the world for the daily market transactions where the Governor of the Central Bank announced the date of the implementation of the program during 2017…

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

______________________________________________________________

firefly (Dinar Guru) –  Reuters Article quote:  “Ahli United Bank (AUB), Bahrain’s largest lender, has raised its stake in Commercial Bank of Iraq to 64.71 percent, according to a stock exchange statement.  AUB purchased a 10 percent stake in Commercial Bank of Iraq…”  Reuters!!! AUB purchased 25 billion additional shares in the bank. It did not mention the price AUB paid for the shares.   In addition to Iraq, AUB has a presence in Kuwait, Egypt, Libya, Oman and Britain.
______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Defense Minister accused of involvement in corruption-Jubouri”   ABADI IS KNEE DEEP IN COMMITTEE TO INVESTIGATE CORRUPTION IN ARMS DEALS AND CONTRACTS...  Quote:   “…the parliament session yesterday that saw the questioning of the Minister of Defense was an important turning point in the history of the Iraqi Council of Representatives for being strengthened oversight role of the legislative authority.”   SO…THE MERE FACT THAT A MAJOR ACTOR LIKE OBEIDI WAS BROUGHT TO PARLIAMENT YESTERDAY TO FACE QUESTIONING …UNDERSCORES AND STRENGTHENS THE COUNCIL OF REPRESENTATIVES OVERSIGHT ROLE OF THE LEGISLATIVE BODY…JUST GETTING THEIR MINDS RIGHT AS TO THE CHAIN OF COMMAND…NEW AREA OF TRANSPARENCY… ACCOUNTABILITY TOWARD TACKLING CORRUPTION REGARDLESS OF POSITION OR TITLE…
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mike (Dinar Guru) –   Article:  “House of Representatives questioned the Minister of Defense , headed by Vice President Sheikh Mohammed Iaram”    …the political circus is still going strong. They got rid of the Interior Minister and now they’re going after the Sunni Defense Minister who’s throwing shade at Jabouri, the Sunni Speaker of the House. If they keep up, there won’t be anyone left in Parliament to throw shoes at. The other thing…Parliament’s out until August 9th, another week off after they just got back from vacation.  
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RCookie NEWS Recap
(from) MONDAY August 1st, 2016

PARLIAMENT

SECURITY AND INTELLIGENCE COMMITTEE QUESTIONS OBEIDI TODAY IN CLOSED DOOR SESSION….PARL VOTED ON BAATH PARTY LAW, CANDIDATES FOR FEDERAL PUBLIC SERVICES BOARD, LAW OF VICTIMS OF JUSTICE COMPENSATION, DRAFT OF ACCESSION TO AFRICAN EURASIAN WATERFOWL, AND DISCUSS CANCELLATION OF REVOLUTIONARY RESOLUTION COMMAND COUNCIL ACT, TAKE CARE OF MINORS LAW NO.78 AND 1ST DRAFT LAW ANTIQUITIES & WORLD HERITAGE IN FRONT OF 182 DEPUTIES.…JABOURI STATES OBEIDI TIRADE & ACCUSATIONS IN PARLIAMENT SESSION WAS THEATRICS TO AVOID & DISTRACT FROM FURTHER QUESTIONING & ABADI ASSERTS INTENTION TO LAUNCH INTEGRITY INVESTIGATION TO DISPELL ARMS & WEAPONS CONTRACT CORRUPTION FILES WITH JABOURI EVEN OFFERING TO RESIGN AND RESUME SESSION ON TUESDAY THE 9TH…JABOURI THREATENING TO RELEASE FULL VERSION OF AUDIO/VIDEO QUESTIONING OF OBEIDI IN RESPONSE TO OBEIDI ACCUSATIONS TODAY UNEDITED FULL COLOR VERSION…AMERI WELCOMES NOMINATION OF ARAJI FOR INTERIOR MINISTER WITH APPROVAL OF BLOCS…PARLIAMENT FINANCE COMMITTEE ELECTS AL-HALBUSI AS CHAIRMAN…INTERIOR MINISTRY AND INSPECTOR GENERAL & DIRECTOR GENERAL ANNOUNCES FORMATION OF SPECIAL OPERATIONS STRIKE FORCE TO REVIEW AND PROSECUTE CORRUPTION WITHIN MINISTRY…JABOURI SACKS SECRETARY GENERAL OF COUNCIL OF REPRESENTATIVES NAME AS PART OF REFORM INITIATIVES WITHIN LEGISLATION…NATIONAL ALLIANCE CALLS FOR PROFESSIONAL DEALING WITH ACCOUNTABILITY & JUSTICE DECISION…JABOURI CONFIRMS SIGNATURES NECESSARY FOR CONDUCTING EMERGENCY SESSION OF PARLIAMENT TOMORROW…VOTE POSTPONED TO CHALLENGE JUDGEMENT AND DECISIONS OF “REAL PROPERTY LAW”…

Read More: http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) –   Rasheed bank stated they cannot issue Mastercards without the deletion of the zeros…
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rcookie (Dinar Guru) –    Article:  “CBI gives, government banks until next September, to adapt itself to electronic systems”   CBI ISSUES STATEMENT GIVING BANKS UNTIL SEPTEMBER TO ADAPT & IMPLEMENT ELECTRONIC TRADING SYSTEMS TO ADDRESS CASH CIRCULATION PROBLEMS (LIQUIDITY)…
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mike (Dinar Guru) –   Article:  “Iraq’s oil exports rise 3.2 million barrels in July”   3.2 mbpd multiplied by roughly $40 bucks a barrel gets Iraq a skosh over $3.8 billion a month in earnings…they’re not even making enough to make payroll.   Add in the war on ISIL, infrastructure expenses and a bunch of other stuff and these guys aren’t in a good place financially.
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firefly (Dinar Guru) –   Expecting a lot of forward movement!  Things are moving along quite nicely.
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

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Indicative rates – 08.04.2016

http://www.cbi.iq/

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They have the usual socialist disease; they have run out of other people’s money. – Margaret Thatcher

______________________________________________________________

*** Current News ***

______________________________________________________________

Kaperoni (Dinar Guru) –   [Will Iraq have to get control of the MCP for the 90 days prior to a move in the dinar’s status?]  It is my understanding that the CBI will have to maintain the 2% spread for 90 days in order to get the green light from the IMF to move to Article VIII.    [If the currency is listed on Forex, doesn’t that mean the dinar is now in Article VIII?]  Interesting question.  I do not know if their is a direct relationship between participation in Forex and IMF Article VIII.  IMO, moving to Forex is more than just floating the dinar, it would provide the alternative they need to the daily auctions. Keep in mind, the CBI can float their currency at anytime without Article VIII.
______________________________________________________________

Adam Montana (Dinar Guru) –    […is there a  part of any  i.m.f. or world bank contract or translations, that  tells central bank of  Iraq, that when they go electronic banking there must be a value  to the dinar...?]  As much as I wish there were some kind of entity that could force the CBI to put a specific value on the dinar, I don’t believe anyone can force the CBI to do anything. Yes, there are influences and they will play nice with what other financial entities want, because the end goal is to be an internationally traded currency with a respectable value!  But nobody can “force” the CBI to do anything. That’s a good thing, though, because just like they can’t be forced to raise the value… they can’t be forced NOT to raise the value.
______________________________________________________________

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
8/05 “After Call” – w/RCookie,
Mr White & Hutch
641-715-3640 pin# 528733

from 8/01 – Smart phone user link – Click here

______________________________________________________________

Kaperoni (Dinar Guru) –   [What, if any, laws are needed before Iraq can move to Article VIII?]  I am not aware of any laws persay that need to be passed, only restrictions that exist in monetary policy that conflict with the guidelines of Article VIII under the IMF.  Once they are in compliance, I would expect the CBI and IMF will be working to transition.  Under the IMF guidelines, central banks have to strive for Article VIII.  [To do this move, would the CBI have to remove all of the exchange restrictions?]  Yes.  Article VIII is the ideal situation for Iraq which benefits them when it comes to international acceptance and convertibility.  Keep in mind, Article VIII and currency reform are two separate issues.  I believe the CBI will begin to reform the dinar via float and delete the zeros before Article VIII.
______________________________________________________________

tlm724 (Dinar Guru) –    Articles:  “Alusi demanding the president to dissolve parliament and form an emergency government”   “Nassif: Defense Minister to offer me a million dollars in exchange for the postponement of questioning for a week”   Quote:  “I ask you and I ask all those responsible and sensible to dissolve parliament and to move the government of emergency and early elections.”    hmm could get ugly…that interrogation of Obeidi has stirred the pot big time. Nassif has accused him of trying to bribe her with a million dollars to delay the questioning.
______________________________________________________________

Adam Montana (Dinar Guru) –   One thing we should all know about how a dramatic increase in the value of the dinar will work is that nobody in Iraq (or anywhere else for that matter!) will go into a bank or currency exchange with dinar and then walk out with buckets or wheelbarrows full of another currency. That’s not how it works! We will either have to deposit it into their account, wire it to another account via their bank, or perhaps we will get a cashiers check.   Iraq faced a major problem 10 years ago that would have single-handedly prevented the RV, even if it weren’t for the broken GOI and everything else: Technology. Iraq did not have the technology to do a mass conversion of their currency. I am referring not only to the lack of technology in their paper currency itself, which made it easy to counterfeit, but also the technology in how their banks talk to each other, share funds, or even participate in the auctions…before ~2009 the ISX was basically done on chalkboards!  …but this is no longer the case. Check this out:  “The central bank plans to activate the electronic systems to minimize the cash trading process”  ...we are nearing the end of this ride. SO MANY things are now out of the way, the path forward is clearing up faster than a lot of people can believe, and we will see a rise in the value!   [post 3 of 3]
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

Adam Montana (Dinar Guru) –  3. The news is showing more and more that Iraq is pushing to get control of ISIS. …I’ve even heard a few comments about how ISIS must be “completely destroyed” before an RV, but that’s just not true. ISIS influence on the stability of Iraq is dwindling.  4. In a continuing effort to bring Iraq as a nation closer together, we see more and more instances of the Kurds getting a larger share of the money. If you think back a couple years, you’ll remember that the biggest obstacle to the HCL has always been lack of cooperation from the Kurds, and for good reason. They were getting screwed! Since Abadi has taken the wheel, that has changed. We are closer than ever to an HCL. It WILL happen.  I saved what may be the best for last…   [post 2 of 3….stay tuned]
______________________________________________________________

Adam Montana (Dinar Guru) –   Here’s something I almost never do… a DATE! (Sort of.) Ready? September MAYBE, October I REALLY like.  I could be wrong – August is not completely ruled out in my book, but after doing these updates for so many years, and studying Iraq and other countries like a hawk for an even longer time… I think I have a good “feel” for the status. …these first 2 are the bad points. 1. It’s been my experience (and history/news/Google will back this up with facts) that after Ramadan, they (Iraq) either have things lined up and ready to reach a milestone…or they don’t.  Let’s face it, nothing major came after this most recent Ramadan. It doesn’t concern me about an “eventual” increase in the IQD, but I’m not going to expect it this week. 2. Remember what I was saying about “watch the oil” for the HCL to grow legs? Oil dipped again. Where it was once on the way back to a respectable $60ish range, it has dropped back down below $40 again.  Oil will go back up, and the HCL will get moving again, but I doubt August is our month.  Now let’s talk about some positive stuff… [post 1 of 3….stay tuned]
______________________________________________________________

rcookie (Dinar Guru) –    Article:  “Dinar on raising the money supply in the size of banks”   Quote:  “Currency market and called on the central bank to the registration of the Iraqi dinar in the foreign exchange market…”  HUGE INFORMATION IN HERE…HUGE!  CBI TO REGISTER IRAQI DINAR ON FOREIGN EXCHANGE MARKET!  FORM A JOINT STOCK COMPANY FOR THE MANAGEMENT OF ELECTRONIC TRADING & ISSUING SMART CARDSESPECIALLY DUE TO THE SHORTAGE OF CERTAIN NOTES LIKE THE 25K RESULTING FROM SMUGGLING…THEY ARE CITING THE SUCCESSFUL PROGRAM TEMPLATE OF THE KUWAITIS… TOWARD THIS MATTER!
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 08-03-16

Currency Auctions Announcement No. 3249

This daily currency auction was held in the Central Bank of Iraq on the 08-01-2016

The results were as follows:

Currency Auctions Announcement No. 3250

This daily currency auction was held in the Central Bank of Iraq on the 08-02-2016

The results were as follows:

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

Bruce (Dinar Guru) –   Redemption centers are quiet. They are on blackout. Some that we know of, so probably all are ready for notifications. We believe that all are on an any moment basis. We heard this from many sources. We are not calling it, we are just telling you to the best of our ability that this is what we have been told that this is where we are.  I’m excited, but I’m cautious about making you all too excited. I’ve been affected by this over 12 years. I’m frustrated as well. But we are all in the same boat.  We will all receive the blessing together. We all go at the same time. Rates – my position has always been not to put out rates…rates could change up or down, at any moment.
______________________________________________________________

Bondlady (Dinar Guru) –  Article:  “Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar”   …people are still sitting on their dinars, the CBI needs the majority of those dinars back, if the people won’t do it on their own, I wonder if the prices aren’t being manipulated, making things cost more money by making the dinar even less attractive and causing them to use more dinars for there purchases… end result would be the same just not as quick imo.
______________________________________________________________

rcookie (Dinar Guru) –    …PARLIAMENTS CONTINUATION OF OBEIDI’S CLOSED DOOR QUESTIONING SESSION IS OFF UNTIL NEXT TUESDAY THE 9TH…MANY WERE IN THE OBEIDI CLOSED DOOR SESSION…THE HOLDUP IS THE UNDERPINNINGS OF ADDRESSING CORRUPTION AND ESTABLISHING INSTITUTIONAL STABILITY THROUGHOUT IRAQ…INCLUDING…SECURITY… LEGISLATIVE…JUDICIAL AND ECONOMIC…
______________________________________________________________

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

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

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

Kaperoni (Dinar Guru) –   Article:  “Dinar on raising the money supply in the size of banks”  Quote:   “…called on the central bank to the registration of the Iraqi dinar in the foreign exchange market,…”    Bingo!  For those who don’t know…the foreign exchange market is Forex.  So they are ask the CBI to list the Dinar on the Forex for trading.  Which is exactly what we want…time to float the dinar and let the world market set the value.
______________________________________________________________

ADMINBILL (Dinar Guru) –   HERE IS WHERE I THINK WE ARE AT 1:40PM MDT TUESDAY AFTERNOON. I BELIEVE WE ARE IN THE PROCESS WHICH INCORPORATES THE CURRENCY AND THE BONDS.  I BELIEVE THAT THE BOND TRANSACTIONS ARE WHAT HAS BEEN HOLDING THE PROCESS UP BUT THAT IS A DONE DEAL NOW.  I BELIEVE THAT THE CURRENCY MUST PRECEDE THE BONDS TO SUPPORT BOND REDEMPTION OR, AT THE VERY LEAST, GO AT THE SAME TIME.  I DO NOT BELIEVE THE BONDS CAN PRECEDE THE CURRENCY. I FURTHER BELIEVE THAT WE MUST BE NEAR WITH THE CURRENT PUBLIC BOND DISCUSSIONS…MY OPINION ONLY.
______________________________________________________________

Shredd (Dinar Guru) –   Article:  “Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar”  With the money supply reducing and the economic growth trending, along with laws continually being implemented and the demand for Iraq’s oil as well as the continued support from her allies during the recent fluctuation in oil prices, there needs to be a growing urgency for the dinar to more closely represent it’s true value.
______________________________________________________________

E-Currency

Yasser incumbent – Received a seminar « the introduction of the electronic currency trading and cash deal» the economic importance of direct and semantic interest group of business and finance experts and economists and interacted with the event organized by the progress of policy development institute and as usual in the selection of sensitive topics related to seek the requirements of economic reform efforts by the Central Bank of Iraq on the path of preparation to announce the date of implementation of this advanced program in the world for the daily market transactions where the Governor of the Central Bank announced the date of the implementation of the program during 2017…

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

______________________________________________________________

firefly (Dinar Guru) –  Reuters Article quote:  “Ahli United Bank (AUB), Bahrain’s largest lender, has raised its stake in Commercial Bank of Iraq to 64.71 percent, according to a stock exchange statement.  AUB purchased a 10 percent stake in Commercial Bank of Iraq…”  Reuters!!! AUB purchased 25 billion additional shares in the bank. It did not mention the price AUB paid for the shares.   In addition to Iraq, AUB has a presence in Kuwait, Egypt, Libya, Oman and Britain.
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rcookie (Dinar Guru) –   Article:  “Defense Minister accused of involvement in corruption-Jubouri”   ABADI IS KNEE DEEP IN COMMITTEE TO INVESTIGATE CORRUPTION IN ARMS DEALS AND CONTRACTS...  Quote:   “…the parliament session yesterday that saw the questioning of the Minister of Defense was an important turning point in the history of the Iraqi Council of Representatives for being strengthened oversight role of the legislative authority.”   SO…THE MERE FACT THAT A MAJOR ACTOR LIKE OBEIDI WAS BROUGHT TO PARLIAMENT YESTERDAY TO FACE QUESTIONING …UNDERSCORES AND STRENGTHENS THE COUNCIL OF REPRESENTATIVES OVERSIGHT ROLE OF THE LEGISLATIVE BODY…JUST GETTING THEIR MINDS RIGHT AS TO THE CHAIN OF COMMAND…NEW AREA OF TRANSPARENCY… ACCOUNTABILITY TOWARD TACKLING CORRUPTION REGARDLESS OF POSITION OR TITLE…
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mike (Dinar Guru) –   Article:  “House of Representatives questioned the Minister of Defense , headed by Vice President Sheikh Mohammed Iaram”    …the political circus is still going strong. They got rid of the Interior Minister and now they’re going after the Sunni Defense Minister who’s throwing shade at Jabouri, the Sunni Speaker of the House. If they keep up, there won’t be anyone left in Parliament to throw shoes at. The other thing…Parliament’s out until August 9th, another week off after they just got back from vacation.  
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RCookie NEWS Recap
(from) MONDAY August 1st, 2016

PARLIAMENT

SECURITY AND INTELLIGENCE COMMITTEE QUESTIONS OBEIDI TODAY IN CLOSED DOOR SESSION….PARL VOTED ON BAATH PARTY LAW, CANDIDATES FOR FEDERAL PUBLIC SERVICES BOARD, LAW OF VICTIMS OF JUSTICE COMPENSATION, DRAFT OF ACCESSION TO AFRICAN EURASIAN WATERFOWL, AND DISCUSS CANCELLATION OF REVOLUTIONARY RESOLUTION COMMAND COUNCIL ACT, TAKE CARE OF MINORS LAW NO.78 AND 1ST DRAFT LAW ANTIQUITIES & WORLD HERITAGE IN FRONT OF 182 DEPUTIES.…JABOURI STATES OBEIDI TIRADE & ACCUSATIONS IN PARLIAMENT SESSION WAS THEATRICS TO AVOID & DISTRACT FROM FURTHER QUESTIONING & ABADI ASSERTS INTENTION TO LAUNCH INTEGRITY INVESTIGATION TO DISPELL ARMS & WEAPONS CONTRACT CORRUPTION FILES WITH JABOURI EVEN OFFERING TO RESIGN AND RESUME SESSION ON TUESDAY THE 9TH…JABOURI THREATENING TO RELEASE FULL VERSION OF AUDIO/VIDEO QUESTIONING OF OBEIDI IN RESPONSE TO OBEIDI ACCUSATIONS TODAY UNEDITED FULL COLOR VERSION…AMERI WELCOMES NOMINATION OF ARAJI FOR INTERIOR MINISTER WITH APPROVAL OF BLOCS…PARLIAMENT FINANCE COMMITTEE ELECTS AL-HALBUSI AS CHAIRMAN…INTERIOR MINISTRY AND INSPECTOR GENERAL & DIRECTOR GENERAL ANNOUNCES FORMATION OF SPECIAL OPERATIONS STRIKE FORCE TO REVIEW AND PROSECUTE CORRUPTION WITHIN MINISTRY…JABOURI SACKS SECRETARY GENERAL OF COUNCIL OF REPRESENTATIVES NAME AS PART OF REFORM INITIATIVES WITHIN LEGISLATION…NATIONAL ALLIANCE CALLS FOR PROFESSIONAL DEALING WITH ACCOUNTABILITY & JUSTICE DECISION…JABOURI CONFIRMS SIGNATURES NECESSARY FOR CONDUCTING EMERGENCY SESSION OF PARLIAMENT TOMORROW…VOTE POSTPONED TO CHALLENGE JUDGEMENT AND DECISIONS OF “REAL PROPERTY LAW”…

Read More: http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) –   Rasheed bank stated they cannot issue Mastercards without the deletion of the zeros…
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rcookie (Dinar Guru) –    Article:  “CBI gives, government banks until next September, to adapt itself to electronic systems”   CBI ISSUES STATEMENT GIVING BANKS UNTIL SEPTEMBER TO ADAPT & IMPLEMENT ELECTRONIC TRADING SYSTEMS TO ADDRESS CASH CIRCULATION PROBLEMS (LIQUIDITY)…
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mike (Dinar Guru) –   Article:  “Iraq’s oil exports rise 3.2 million barrels in July”   3.2 mbpd multiplied by roughly $40 bucks a barrel gets Iraq a skosh over $3.8 billion a month in earnings…they’re not even making enough to make payroll.   Add in the war on ISIL, infrastructure expenses and a bunch of other stuff and these guys aren’t in a good place financially.
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firefly (Dinar Guru) –   Expecting a lot of forward movement!  Things are moving along quite nicely.
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

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http://www.cbi.iq/

Indicative rates – 08.03.2016

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First ask yourself: What is the worst that can happen? Then prepare to accept it. Then proceed to improve on the worst. – Dale Carnegie

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*** Current News ***

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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
8/04 “After Call” – w/RCookie,
Mr White & Hutch
641-715-3640 pin# 528733

from 8/01 – Smart phone user link – Click here

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tlm724 (Dinar Guru) –    Articles:  “Alusi demanding the president to dissolve parliament and form an emergency government”   “Nassif: Defense Minister to offer me a million dollars in exchange for the postponement of questioning for a week”   Quote:  “I ask you and I ask all those responsible and sensible to dissolve parliament and to move the government of emergency and early elections.”    hmm could get ugly…that interrogation of Obeidi has stirred the pot big time. Nassif has accused him of trying to bribe her with a million dollars to delay the questioning.
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Adam Montana (Dinar Guru) –   One thing we should all know about how a dramatic increase in the value of the dinar will work is that nobody in Iraq (or anywhere else for that matter!) will go into a bank or currency exchange with dinar and then walk out with buckets or wheelbarrows full of another currency. That’s not how it works! We will either have to deposit it into their account, wire it to another account via their bank, or perhaps we will get a cashiers check.   Iraq faced a major problem 10 years ago that would have single-handedly prevented the RV, even if it weren’t for the broken GOI and everything else: Technology. Iraq did not have the technology to do a mass conversion of their currency. I am referring not only to the lack of technology in their paper currency itself, which made it easy to counterfeit, but also the technology in how their banks talk to each other, share funds, or even participate in the auctions…before ~2009 the ISX was basically done on chalkboards!  …but this is no longer the case. Check this out:  “The central bank plans to activate the electronic systems to minimize the cash trading process”  ...we are nearing the end of this ride. SO MANY things are now out of the way, the path forward is clearing up faster than a lot of people can believe, and we will see a rise in the value!   [post 3 of 3]
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Thursday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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Adam Montana (Dinar Guru) –  3. The news is showing more and more that Iraq is pushing to get control of ISIS. …I’ve even heard a few comments about how ISIS must be “completely destroyed” before an RV, but that’s just not true. ISIS influence on the stability of Iraq is dwindling.  4. In a continuing effort to bring Iraq as a nation closer together, we see more and more instances of the Kurds getting a larger share of the money. If you think back a couple years, you’ll remember that the biggest obstacle to the HCL has always been lack of cooperation from the Kurds, and for good reason. They were getting screwed! Since Abadi has taken the wheel, that has changed. We are closer than ever to an HCL. It WILL happen.  I saved what may be the best for last…   [post 2 of 3….stay tuned]
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Adam Montana (Dinar Guru) –   Here’s something I almost never do… a DATE! (Sort of.) Ready? September MAYBE, October I REALLY like.  I could be wrong – August is not completely ruled out in my book, but after doing these updates for so many years, and studying Iraq and other countries like a hawk for an even longer time… I think I have a good “feel” for the status. …these first 2 are the bad points. 1. It’s been my experience (and history/news/Google will back this up with facts) that after Ramadan, they (Iraq) either have things lined up and ready to reach a milestone…or they don’t.  Let’s face it, nothing major came after this most recent Ramadan. It doesn’t concern me about an “eventual” increase in the IQD, but I’m not going to expect it this week. 2. Remember what I was saying about “watch the oil” for the HCL to grow legs? Oil dipped again. Where it was once on the way back to a respectable $60ish range, it has dropped back down below $40 again.  Oil will go back up, and the HCL will get moving again, but I doubt August is our month.  Now let’s talk about some positive stuff… [post 1 of 3….stay tuned]
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rcookie (Dinar Guru) –    Article:  “Dinar on raising the money supply in the size of banks”   Quote:  “Currency market and called on the central bank to the registration of the Iraqi dinar in the foreign exchange market…”  HUGE INFORMATION IN HERE…HUGE!  CBI TO REGISTER IRAQI DINAR ON FOREIGN EXCHANGE MARKET!  FORM A JOINT STOCK COMPANY FOR THE MANAGEMENT OF ELECTRONIC TRADING & ISSUING SMART CARDSESPECIALLY DUE TO THE SHORTAGE OF CERTAIN NOTES LIKE THE 25K RESULTING FROM SMUGGLING…THEY ARE CITING THE SUCCESSFUL PROGRAM TEMPLATE OF THE KUWAITIS… TOWARD THIS MATTER!
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Iraqi Dinar/Dollar auction (most recent listing) 08-03-16

Currency Auctions Announcement No. 3249

This daily currency auction was held in the Central Bank of Iraq on the 08-01-2016

The results were as follows:

Currency Auctions Announcement No. 3250

This daily currency auction was held in the Central Bank of Iraq on the 08-02-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Bruce (Dinar Guru) –   Redemption centers are quiet. They are on blackout. Some that we know of, so probably all are ready for notifications. We believe that all are on an any moment basis. We heard this from many sources. We are not calling it, we are just telling you to the best of our ability that this is what we have been told that this is where we are.  I’m excited, but I’m cautious about making you all too excited. I’ve been affected by this over 12 years. I’m frustrated as well. But we are all in the same boat.  We will all receive the blessing together. We all go at the same time. Rates – my position has always been not to put out rates…rates could change up or down, at any moment.
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Bondlady (Dinar Guru) –  Article:  “Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar”   …people are still sitting on their dinars, the CBI needs the majority of those dinars back, if the people won’t do it on their own, I wonder if the prices aren’t being manipulated, making things cost more money by making the dinar even less attractive and causing them to use more dinars for there purchases… end result would be the same just not as quick imo.
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rcookie (Dinar Guru) –    …PARLIAMENTS CONTINUATION OF OBEIDI’S CLOSED DOOR QUESTIONING SESSION IS OFF UNTIL NEXT TUESDAY THE 9TH…MANY WERE IN THE OBEIDI CLOSED DOOR SESSION…THE HOLDUP IS THE UNDERPINNINGS OF ADDRESSING CORRUPTION AND ESTABLISHING INSTITUTIONAL STABILITY THROUGHOUT IRAQ…INCLUDING…SECURITY… LEGISLATIVE…JUDICIAL AND ECONOMIC…
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Be sure to join the New Dinar Updates “private” FaceBook Group…

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

(go here and ask to join… then add some Dinar Friends!!)
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Kaperoni (Dinar Guru) –   Article:  “Dinar on raising the money supply in the size of banks”  Quote:   “…called on the central bank to the registration of the Iraqi dinar in the foreign exchange market,…”    Bingo!  For those who don’t know…the foreign exchange market is Forex.  So they are ask the CBI to list the Dinar on the Forex for trading.  Which is exactly what we want…time to float the dinar and let the world market set the value.
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ADMINBILL (Dinar Guru) –   HERE IS WHERE I THINK WE ARE AT 1:40PM MDT TUESDAY AFTERNOON. I BELIEVE WE ARE IN THE PROCESS WHICH INCORPORATES THE CURRENCY AND THE BONDS.  I BELIEVE THAT THE BOND TRANSACTIONS ARE WHAT HAS BEEN HOLDING THE PROCESS UP BUT THAT IS A DONE DEAL NOW.  I BELIEVE THAT THE CURRENCY MUST PRECEDE THE BONDS TO SUPPORT BOND REDEMPTION OR, AT THE VERY LEAST, GO AT THE SAME TIME.  I DO NOT BELIEVE THE BONDS CAN PRECEDE THE CURRENCY. I FURTHER BELIEVE THAT WE MUST BE NEAR WITH THE CURRENT PUBLIC BOND DISCUSSIONS…MY OPINION ONLY.
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Shredd (Dinar Guru) –   Article:  “Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar”  With the money supply reducing and the economic growth trending, along with laws continually being implemented and the demand for Iraq’s oil as well as the continued support from her allies during the recent fluctuation in oil prices, there needs to be a growing urgency for the dinar to more closely represent it’s true value.
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Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

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

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firefly (Dinar Guru) –  Reuters Article quote:  “Ahli United Bank (AUB), Bahrain’s largest lender, has raised its stake in Commercial Bank of Iraq to 64.71 percent, according to a stock exchange statement.  AUB purchased a 10 percent stake in Commercial Bank of Iraq…”  Reuters!!! AUB purchased 25 billion additional shares in the bank. It did not mention the price AUB paid for the shares.   In addition to Iraq, AUB has a presence in Kuwait, Egypt, Libya, Oman and Britain.
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rcookie (Dinar Guru) –   Article:  “Defense Minister accused of involvement in corruption-Jubouri”   ABADI IS KNEE DEEP IN COMMITTEE TO INVESTIGATE CORRUPTION IN ARMS DEALS AND CONTRACTS...  Quote:   “…the parliament session yesterday that saw the questioning of the Minister of Defense was an important turning point in the history of the Iraqi Council of Representatives for being strengthened oversight role of the legislative authority.”   SO…THE MERE FACT THAT A MAJOR ACTOR LIKE OBEIDI WAS BROUGHT TO PARLIAMENT YESTERDAY TO FACE QUESTIONING …UNDERSCORES AND STRENGTHENS THE COUNCIL OF REPRESENTATIVES OVERSIGHT ROLE OF THE LEGISLATIVE BODY…JUST GETTING THEIR MINDS RIGHT AS TO THE CHAIN OF COMMAND…NEW AREA OF TRANSPARENCY… ACCOUNTABILITY TOWARD TACKLING CORRUPTION REGARDLESS OF POSITION OR TITLE…
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mike (Dinar Guru) –   Article:  “House of Representatives questioned the Minister of Defense , headed by Vice President Sheikh Mohammed Iaram”    …the political circus is still going strong. They got rid of the Interior Minister and now they’re going after the Sunni Defense Minister who’s throwing shade at Jabouri, the Sunni Speaker of the House. If they keep up, there won’t be anyone left in Parliament to throw shoes at. The other thing…Parliament’s out until August 9th, another week off after they just got back from vacation.  
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RCookie NEWS Recap
(from) WEDNESDAY JULY 27TH, 2016

GENERAL

UN JAN KUBIS STATES THE PRIORITY FOR KURDISTAN NEEDS TO BE WAR ON ISIS AND NOT INDEPENDENCE…JAFAARI THANKS KUWAIT FOR ITS CONSISTENT SUPPORT ON ISI AND DISPLACED SUPPORT AND POSTPONEMENT OF DEBT…JUDICIARY ANNOUNCE RELEASE OF 10,791 WITH SUSPENDED SENTENCES AND FOUND NOT GUILTY WITH 1608 CHARGED WITH TERRORISM…MALIKI CALLS FOR INTEGRITY TO RESTORE STOLEN PUBLIC MONEY AND DISRUPT & DISMANTLE ECONOMIC BODIES SET UP BY CORRUPT..…MINISTRY OF HEALTH & ENVIRONMENT AGREE TO ACTIVATE JOINT COOPERATION WITH JAPAN THROUGH JICA FOR INDUSTRY AND SERVICE ACTIVITIES…DISPLACEMENT & MIGRATION MINISTER ASSERTS MORE THAN 1 MILLION DISPLACED HAVE RETURNED TO THEIR HOMES SINCE BEGINNING OF ISIS OCCUPATION…PLANNING REVEALS 850,00 WIDOWS AND 600,00 ORPHANS ON LATEST 2016 STATISTICS…IRAQ & UNESCO DISCUSS SCIENTIFIC & HUMANITARIAN CURRICULUM DEVELOPMENT TEACHERS PROFESSIONAL TRAINING…IRAN CUTS ELECTRICITY SUPPLY TO IRAQ NATIONAL GRID TO 2 PLANTS TOTALING 800 MW WITHOUT WARNING DUE TO SELF PRESERVATION MECHANISM SYSTEM…JAFARI REQUESTS JORDAN EXPEDITE & FACILITATE PROCESSING VISAS FOR IRAQIS…JABOURI MEETS WITH NEW ZEALAND AMBASSADOR TO THANK FOR ONGOING SUPPORT AND INCREASE FUTURE BILATERAL TIES…ABADI OFFICE DECLARES SOME CATEGORIES OF INCOME TAX STILL UNDER DISCUSSION…ZEBARI MEETS WITH US & JAPANESE AMBASSADORS TO DISCUSS CONTINUED SUPPORT AWAY FROM DONORS CONFERENCE…

Read More: http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) –   Rasheed bank stated they cannot issue Mastercards without the deletion of the zeros…
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rcookie (Dinar Guru) –    Article:  “CBI gives, government banks until next September, to adapt itself to electronic systems”   CBI ISSUES STATEMENT GIVING BANKS UNTIL SEPTEMBER TO ADAPT & IMPLEMENT ELECTRONIC TRADING SYSTEMS TO ADDRESS CASH CIRCULATION PROBLEMS (LIQUIDITY)…
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mike (Dinar Guru) –   Article:  “Iraq’s oil exports rise 3.2 million barrels in July”   3.2 mbpd multiplied by roughly $40 bucks a barrel gets Iraq a skosh over $3.8 billion a month in earnings…they’re not even making enough to make payroll.   Add in the war on ISIL, infrastructure expenses and a bunch of other stuff and these guys aren’t in a good place financially.
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firefly (Dinar Guru) –   Expecting a lot of forward movement!  Things are moving along quite nicely.
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 07-31-16

Currency Auctions Announcement No. 3248

This daily currency auction was held in the Central Bank of Iraq on the 07-31-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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The share-the-wealth movement appeals most to those with the least to share. – Anonymous

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*** Current News ***

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firefly (Dinar Guru) –   Rasheed bank stated they cannot issue Mastercards without the deletion of the zeros…
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rcookie (Dinar Guru) –    Article:  “CBI gives, government banks until next September, to adapt itself to electronic systems”   CBI ISSUES STATEMENT GIVING BANKS UNTIL SEPTEMBER TO ADAPT & IMPLEMENT ELECTRONIC TRADING SYSTEMS TO ADDRESS CASH CIRCULATION PROBLEMS (LIQUIDITY)…
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mike (Dinar Guru) –   Article:  “Iraq’s oil exports rise 3.2 million barrels in July”   3.2 mbpd multiplied by roughly $40 bucks a barrel gets Iraq a skosh over $3.8 billion a month in earnings…they’re not even making enough to make payroll.   Add in the war on ISIL, infrastructure expenses and a bunch of other stuff and these guys aren’t in a good place financially.
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firefly (Dinar Guru) –   Expecting a lot of forward movement!  Things are moving along quite nicely.
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Frank26 (Dinar Guru) –   [I’ve got this feeling deep down inside that August will be truly a start for new beginnings.]  IMO…August can be looked as a New Beginning BUT…Sept/Oct will show You an evidence of Your Faith.
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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Shredd (Dinar Guru) –  Article:  “Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions…”  [the deposit law is done and has been Gazetted?]  had to be for this move.   as the credit rating improves, banking laws implemented and ease of transactions, we are seeing big steps being taken these last few years to get Iraq on par with participating in the lending/borrowing investment economic process. Steps forward not steps backwards…and with the deposit law, good stuff!
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tlm724 (Dinar Guru) –   Loving the news outta Iraq!  Article:  “Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions…”  love a time schedule…The central bank gives the government banks until September to adapt itself to the electronic systems.  …take advantage of 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems…get those dinars in the bank!  only 10 % of the population is using the electronic system right now but not for long!  this is going to bring in trillions of dinars off the streets which is exactly what we want!  stability is ongoing as well, all the things needed to make the transition and delete the zero’s!
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Blondie (Dinar Guru) –   Has the trigger for exchange notifications been pulled as of right now? No.  As always, we don’t know the date or time. But all indications are that we continue to be inching towards that date and time in very short order – as of this moment. There is no information indicative of an unplanned interruption in the process at this time. I remain highly encouraged and optimistic.
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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
8/01 “After Call” – w/RCookie,
Mr White & Hutch

Smart phone user link – Click here

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firefly (Dinar Guru) –   Article:  “Parliamentary Finance is discussing with the new managers of the banks to maintain liquidity”  Quote:  “Parliamentary Finance Committee discussed with the new bank directors, maintaining Iraq’s cash flow from waste, as well as discuss the Banking Act.”  as well as discuss the Banking Act.  Quote:   “These meetings aim to walk according to the draft reforms as well as for the organization of Iraqi banks and prevent manipulation.”  the draft reforms…REFORMS!!!  …expect some great news this week.  I’m looking for some huge items mid week.  ALWAYS follow the money.  They could talk economic reforms all they want but… What can you do at 1166?
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Kaperoni (Dinar Guru) –   Article:   “Economy and investment parliamentary host the five Iraqi banks managers”   Quote:  “The committee of economy and investment parliamentary five banks managers in Iraq today hosted to discuss the reality of the banking business…”   Good to see the banks and CBI in the news.  Like we have said many times, there is no market economy until their is a banking system in Iraq.  And these last few days they seem to be more focused on activating it.   The good news is that activating the banking system means a change in monetary policy and currency reform.  So progress is happening ever so slowly…it’s coming.
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tlm724 (Dinar Guru) –  This will open them up internationally, reduce corruption and eliminate red tape. There won’t be much need for the currency traders either.  Also it will stop much of the currency counterfeiting!  This will reduce and eventually eliminate the need for the dollar as the program gets into full swing. This opens the door for the deletion of the 3 zero’s!! This is everything “currency reform” the epitome of the plan!  The stars are lining up.   [post 2 of 2]
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Be sure to join the New Dinar Updates “private” FaceBook Group…

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

(go here and ask to join… then add some Dinar Friends!!)
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tlm724 (Dinar Guru) –    We saw Ernst & Young taking control of the state banks and they indicated it will take 125 working days max to do what needs to be done.  Which should be somewhere around November for completion. The timing is no coincidence I am sure.  Back in June the Cabinet approved the launch of electronic applications for the 6 trillion dinar stimulus loans, even the Integrity Commission is electronic now.  So the announcement from the CBI is saying they preparing the infrastructure and facilities for E-dinar, getting everything ready for the end of the year or the beginning of 2017. Tis a beautiful thing!   [post 1 of 2….stay tuned]
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Bondlady (Dinar Guru) –  Article quote:  “…Select the central bank governor on the Keywords, Saturday, 2017 as the date for the launch of the electronic currency through the mail or e-dinar cards…”   This a well thought out plan and it obviously has the IMF written all over it…a well thought out plan to move the country forward with each step analyzed and implemented at the appropriate time!  We have learned how Iraq has been setting up the smart card and getting the facilities ready in many of the provinces with the goal of having it in ALL of the provinces...this will bring in much of the dinar off the streets which we know is necessary to the currency reform plan.
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Flashing (Dinar Guru) –   The fact that a country has gold, oil and other precious minerals is not enough to have a currency appreciation. It needs among other things the development of sound financial, fiscal and operating policies and procedures. It is a simple as this: you may have a have a million dollars today and next month- nothing… because you didn’t establish a budget to control your expenditures. So the appreciation of a currency is a complex and slow process. That’s why it has taken so many years.  With that said, I am not calling the rv, but I am highly expectant any time now because if Iraq wants to show a high increase in their q3 export figure and a positive trade balance as forecasted, they need to do something asap.   [post 2 of 2]
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Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

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

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Flashing (Dinar Guru) –    I have been quiet for long time seeing how people have become discouraged and frustrated. There is no banker holding up the rv, there is no Obama, Hillary, Bush, or Trump hold up.  The rv is not being held up until the elections. These are stories we have heard for years and they do not justify predictions that have come and gone.  Now is the time to be encouraged and alert.  Iraq has been doing a lot of things that call for an appreciation on their currency (rv).  There is a big increase in exports expected during q3 with a slight increase in imports. Just this is enough to expect a currency appreciation along with the policies and procedures they have already approved and implemented.   [post 1 of 2….stay tuned]
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BGG (Dinar Guru) –   …I don’t put alot of confidence in the comments by Alak in this recent article…Alak’s job has been in question for 6 months or a year… AND – they are talking more and more – especially over the last 2 weeks. (about removing him).
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tlm724 (Dinar Guru) –  Article:  “Basra council: the completion of the project port of Faw will solve major economic problems in the province”  Article quote:  “…the Chairman of Basra Provincial Council, Sabah al-Bazoni, that Basra must be seen Basra as Economic Capital of Iraq.”   And so it appears Basra is on it’s way and so like a shining beacon of hope for Iraq!
______________________________________________________________

RCookie NEWS Recap
(from) WEDNESDAY JULY 27TH, 2016

GENERAL

UN JAN KUBIS STATES THE PRIORITY FOR KURDISTAN NEEDS TO BE WAR ON ISIS AND NOT INDEPENDENCE…JAFAARI THANKS KUWAIT FOR ITS CONSISTENT SUPPORT ON ISI AND DISPLACED SUPPORT AND POSTPONEMENT OF DEBT…JUDICIARY ANNOUNCE RELEASE OF 10,791 WITH SUSPENDED SENTENCES AND FOUND NOT GUILTY WITH 1608 CHARGED WITH TERRORISM…MALIKI CALLS FOR INTEGRITY TO RESTORE STOLEN PUBLIC MONEY AND DISRUPT & DISMANTLE ECONOMIC BODIES SET UP BY CORRUPT..…MINISTRY OF HEALTH & ENVIRONMENT AGREE TO ACTIVATE JOINT COOPERATION WITH JAPAN THROUGH JICA FOR INDUSTRY AND SERVICE ACTIVITIES…DISPLACEMENT & MIGRATION MINISTER ASSERTS MORE THAN 1 MILLION DISPLACED HAVE RETURNED TO THEIR HOMES SINCE BEGINNING OF ISIS OCCUPATION…PLANNING REVEALS 850,00 WIDOWS AND 600,00 ORPHANS ON LATEST 2016 STATISTICS…IRAQ & UNESCO DISCUSS SCIENTIFIC & HUMANITARIAN CURRICULUM DEVELOPMENT TEACHERS PROFESSIONAL TRAINING…IRAN CUTS ELECTRICITY SUPPLY TO IRAQ NATIONAL GRID TO 2 PLANTS TOTALING 800 MW WITHOUT WARNING DUE TO SELF PRESERVATION MECHANISM SYSTEM…JAFARI REQUESTS JORDAN EXPEDITE & FACILITATE PROCESSING VISAS FOR IRAQIS…JABOURI MEETS WITH NEW ZEALAND AMBASSADOR TO THANK FOR ONGOING SUPPORT AND INCREASE FUTURE BILATERAL TIES…ABADI OFFICE DECLARES SOME CATEGORIES OF INCOME TAX STILL UNDER DISCUSSION…ZEBARI MEETS WITH US & JAPANESE AMBASSADORS TO DISCUSS CONTINUED SUPPORT AWAY FROM DONORS CONFERENCE…

Read More: http://www.dinarupdates.com/blog/
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Brietling (Dinar Guru) –  The Vietnamese currency is in play, BUT the best numbers I can guess is they are going to up 2 cents that’s about it.  Timeframe no body knows.  But it is in play because of what China’s done…they don’t have to compete.  And basically President Obama went to Vietnam to hammer the nails in the coffin of China and basically said you don’t have to worry about competing with them we’re going to do business with you regardless of what the rate is.  So that’s kind of like a green light for them to add value to their currency.
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ADMINBILL (Dinar Guru) –     I DO NOT SEE THIS GOING PAST WEDNESDAY.

BGG ~ B.S. ALERT!!

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Kaperoni (Dinar Guru) –    Article:  “The central bank reveals the date of launch electronic currency”  I don’t want to get people overly excited but this is very good news.   The CBI has always stated that one of the reasons for deleting the zeros was to get rid of the zeros because it makes it difficult in calculations and errors can occur.  I cannot see the CBI going to electronic dinar without removing the zeros first.  Otherwise, it seems that they would only be creating a bigger issue than they already have.  Keep fingers crossed.
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 07-28-16

Currency Auctions Announcement No. 3247

This daily currency auction was held in the Central Bank of Iraq on the 07-28-2016

The results were as follows:

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

When a great truth once gets abroad in the world, no power on earth can imprison it, or prescribe its limits, or suppress it. – F. Douglass

______________________________________________________________

*** Current News ***

______________________________________________________________

Breitling (Dinar Guru) –   …if you look back on the information we’ve had, the most that Iraq has had, the note count was around 9 billion notes.  that was the most they ever had.  And that 9 billion represented 30 Trillion in dinar.  One denomination is worth 25K dinar, 10K etc. but it only added up to 30 Trillion and they’ve reduced it since then.  It’s a major mistake people make when they read the M1, M2, M3 any of these reports from any country it’s basically how much cash do you have in your pocket.  How much do you have in your bank account.  How much do you have in assets.  And then they combine them together.  [Post 2 of 2]
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BGG (Dinar Guru) –   they may well have a spot for Iraq “at the EU table”.  [are you saying they could somehow be a part of the EU?]  Looks like the EU is trying… could be a BOON to them… in the long run.  […if they do then would it be Euros instead of Dinar?]  …It’ll be Dinars… the sovereign currency of the land.  [And why if everyone else is having so much trouble with the Euro’s would it be good for them?]  because – literally… Iraq is at the bottom of the barrel… they are GROSSLY undervalued…they need a seat at the table – anywhere in the world.   the EU would not be bad…and it is – kind of a natural fit… they are close…they could trade with them easily…lots of advantages.  […that would certainly be an interesting dynamic with the an arab nation sitting at the table with all of the euros!]  I bet they are BEGGING for a moderate Arab nation – with some real wealth potential… at the table.
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Frank26 (Dinar Guru) –    Last week they…announced they were going to launch the income tax to the citizens of Iraq…the Finance Minister said…wink… wink…we are going to have to start charging you guys income tax...I think his winks meant the citizens are about to get some money…so they can handle this tax…these are wonderful indicators…
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Sunday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

Delta (Dinar Guru) –   URGENT FROM IRAQI TV:  MINISTRY OF YOUTH CALLING ATHLETES TO RECEIVE A MASTER CARD ON 08/02.  Quote:  “Tuesday approved the second of next August, to receive a MasterCard card.”    IT’S VERY INTERESTING, I REMEMBER A WHILE BACK A GM AT RAFIDAIN BANK STATING THAT  “THEY CAN’T  ACTIVATE MASTER CARD UNTIL CBI LIFT THE ZEROS.”
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tlm724 (Dinar Guru) –   Article quote:  “…the governor of Basra Majed Nasraoui said the port of Faw will give 10 times as much as give it the rest of the Iraqi ports.”   It is intended that Basra would be Economic Capital of Iraq and it certainly appears they are achieving just that…
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rcookie (Dinar Guru) –   Article:  “BASRA GOVERNOR NASRAOUI ASSERTS PORT OF FAW WILL YIELD 10 TIMES VOLUME OF EXISTING 5 PORTS AND A 3RD PORT TO SERVICE WITH SAUDI ARABIA TO OPEN SOON...”  10 TIMES VOLUME OF EXISTING PORTS…WHICH ARE THEMSELVES BREAKING AND SETTING NEW RECORDS EVERY MONTH…AND REMEMBER THIS PROJECT WILL CREATE MORE NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR AS WELL AS PROVIDE MORE JOBS THAN ENTIRE OIL SECTOR…
______________________________________________________________

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
7/29 “Tell all – After Call” – w/BGG

Smart phone user link – Click here

______________________________________________________________

ADMINBILL (Dinar Guru) –   …THERE HAS BEEN NO CHANGE IN MY OPINION SINCE LATE LAST NIGHT.  [Could the markets close in a memorable way today?]   I AM LOOKING FOR A “I DON’T CARE WHAT DAY OR TIME OF DAY” END OF EVENT.
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tlm724 (Dinar Guru) – BondLady has always said 1. The Kurds need Baghdad more than Baghdad needs the Kurds and 2. that the Kurds fudged their population numbers to get more money from the budget and without an accurate census who could dispute what they said?  But the good news is that on Saturday July 30th parliament has the census law on the agenda:  “Thirteenth: report and discuss the draft census law. (Committee on Economy and Investment). (23 articles).”  We don’t expect a swift resolution to Article 140 and the disputed areas or the borders, the Constitution has to be amended and they must reach an agreement, a mutual consent among everyone.  There is a reading of the borders law in parliament on the 30th as well:  “Second: the vote on the draft of border crossings into law.”
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rcookie (Dinar Guru) –   Article:  “Salem: Abadi and blocs failed to reach a final conclusion on the bench names of ministers”   THERE WERE REPORTS THIS WAS GOING TO BE FINALIZED IN TOMORROWS SESSION...
______________________________________________________________

RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016

PARLIAMENT

SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI…HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT’L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)…PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS…JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI…FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING…MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK…ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,…PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL…MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS…JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR…

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

firefly (Dinar Guru) –   …You can have a monetary reform without an ECONOMIC reform … BUT …You cannot have an Economic reform without a currency shift…An Economic reform requires what? FUNDS.  [so either way we win! Yes?]   I haven’t heard otherwise...It’s a much bigger picture than most realize   [or could they start the reforms and stop or draw them out?]  Once it started there is no turning back…because of the process and the order of events.  So as we can see there is MUCH happening even as we speak. GREAT things are happening folks, just hold a tad longer. Again I ask before I leave the room … What happened in those 2 days that convinced the IMF to release a portion of the funds!
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Breitling (Dinar Guru) –  …78 Billion…One of the major confusions of what the “lopsters” had…I’ve always talked about to look at the note count.  The numbers out there from the last report are 4 billion and we know they’ve reduced it.  People don’t realize that the 78 billion is their entire reserve.  That’s NOT the note count…What it’s stating is that all the gold reserves…Foreign currency…All the assets equals up to 78 billion.  So it’s not a reflection of the note count at all.  They can pump up that reserve number…actually it’s gone down.  It was at 81 billion.  They had to dip into the reserve a little bit cause of the oil prices.  People don’t realize they can add gold and it has NO reflection on the currency count.  They can add foreign currency like the US dollar (exactly what they’ve been doing) without changing the note count.  [Post 1 of 2]
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Frank26 (Dinar Guru) –   [Anymore news on Vietnam?]  I believe the dong and many other currencies are in that long line that we talked about…or are actually up in the front of that line…so I think the dong is ready the way the Iraqi dinar is ready…but I don’t know the date or the rate for it…I also believe that many other currencies are ready…I don’t know the date or the rate…that is my opinion based on my studies.
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Iraqi Dinar/Dollar auction (most recent listing) 07-26-16

Currency Auctions Announcement No. 3245

This daily currency auction was held in the Central Bank of Iraq on the 07-26-2016

The results were as follows:

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

mike (Dinar Guru) –  Article:   “House of Representatives vote on the bills and the decision to cancel the tax deduction”  Looks like the tax deal is going to be an issue, Parliament wants it repealed. I think it’s a lot for the people to bear but it’s one of the stipulations the IMF required for the $5.3 billion dollar loan. I guess we’ll have to wait and see how this turns out.
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Delta (Dinar Guru) –    I LIKE TO REFRESH YOUR MEMORY!  Article:  “World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar” Quotes:   “It’s an important step was waiting for Iraq to raise the value of the dinar.” “lifted the value of the Iraqi dinar should be a priority ”   SO THE VALUE SHOULD GO FIRST BEFORE RASHEED AND RAFIDAIN BANK GO INTERNATIONAL.
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Backdoc (Dinar Guru) –   WE HAVE MORE THAN ADEQUATE ARTICLES EXPLAINING THAT IRAQ WILL BE DIGITAL AND OF COURSE WE ALREADY KNOW THEY ARE ASSET BACKED.   EVERY DINAR IS 25% GOLD BACKED.  THAT SAID I WILL LOOK FOR AND WHEN IT WILL BE POSSIBLE FOR THEM TO DISPLAY TO THE WORLD THIS ASSET-BACKED DIGITAL REALITY CURRENCY.  ASKING ABOUT HOW THE RATE IS AFFECTED IS TOO SENSITIVE FOR ME TO TALK ABOUT. TIME WILL SHOW WHAT IS TO COME.
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Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

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

______________________________________________________________

firefly (Dinar Guru) –    Let’s see, 2 thursdays ago the IMF told Iraq they won’t receive a red penny until they start the reform process.   2 days later they received a portion of the funds?  So my question to the room is…What happened in those 2 days that convinced the IMF to start the loan process…  IMO…We may know very shortly.
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rcookie (Dinar Guru) –   Article quote:  “RASHEED & RAFIDAIN SIGN CONTRACT WITH ERNST YOUNG AS CONSULTANT FOR APPLICATION OF UNIVERSAL BANKING SYSTEM TO BE APPLIED IN THE 2 BANKS INCLUDING PROMOTING FINANCING & INVESTMENT ACTIVITIES IN AGRICULTURAL & INDUSTRIAL SECTORS & TO BE COMPLETED WITHIN 125 DAYS UNDER AUSPICE OF MOF…”   SO THE UNIVERSAL BANKING SYSTEM WORLD BANK HAS BEEN WORKING WITH IRAQ …SINCE 2006 IN MEASURES TO RESTRUCTURE AND PRIVATIZE SOB’S…AND WITH IN INK TIMETABLE!…MARK YOUR CALENDARS
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ADMINBILL (Dinar Guru) –   …THE INFORMATION FLOWING IN LATE INTO THE NIGHT WAS ALL POSITIVE. I LOOK FOR ANOTHER DAY OF EXCITEMENT AS WE, HOPEFULLY, ARE AT THE END.
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Be sure to join the New Dinar Updates “private” FaceBook Group…

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

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

Backdoc (Dinar Guru) –   [ I don’t see the correlation between IEX and IQD…]    IEX HAS BEEN OPERATING SUCCESSFULLY FOR OVER A YEAR ALREADY BUT HASN’T BEEN AVAILABLE TO THE PRIVATE SECTOR. THIS MEANS COUNTRIES ARE USING IT CLEARLY.  ON SEPTEMBER 2ND A NEW DIGITAL REALITY WILL OPEN UP TO COMPANIES AND INDIVIDUALS TO FINALLY GO DIGITAL…IMO. ASSET -BACKED CURRENCIES WILL BE TRADED ON PLATFORMS LIKE THE IEX AND WILL RUN ON THE CHINESE CIPS SYSTEM WHICH WILL EVENTUALLY REPLACE THE SWIFT SYTEM.  TRADES WILL CLEAR WITHIN A MAXIMUM 3 MINUTES AS TO OPPOSED TO THE SWIFT SYSTEM WHICH TAKES 3 TO 10 DAYS.  JUST BECAUSE THE IEX LAUNCHES ON SEPT. 2ND DOESN’T MEAN WE WILL SEE A RATE ON IT AT THIS POINT!  WHAT WE DO KNOW IS THAT IRAQ IS ASSET-BACKED AND THEY HAVE TALKED ABOUT GOING DIGITAL IN MANY ARTICLES!  IMO.
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mike (Dinar Guru) –  “$ 2 billion in grants to the Iraqi people from Western countries”  …so far all I’ve seen are government solutions to Iraq’s economic problems. 6 trillion dinar economic stimulus, bonds and loans are all socialist solutions. Throwing money at the problem won’t fix it. Enforce corruption laws, open up the economy with banking and economic legislation and empower the people’s currency, right now it’s a good ole boys network where only the rich get richer. Giving these guys $2 billion dollars doesn’t fix the problem, it just encourages bad behavior and decision making.  …the time for real action and political will is now, no more excuses. IMO.
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rcookie (Dinar Guru) –    Article:  “HEAD OF ECONOMIC & INVESTMENT COMMISSION BOLANI CALLS FOR PARL TO FORM COMMITTEE FOR SPEED UP THE COMPLETION OF PORT OF FAW...”  YOU THINK THESE FOLKS ARENT AWARE OF ALL THOSE ANALYTICS…AND THE POTENTIAL OF THIS MASSIVE PROJECT…AND REMEMBER THIS WILL BE OFFERED AS A PROVICIAL SECTOR PLAY ON ISX…[Can foreigners invest in ISX – particularly Port of Faw in the future?]  YES…  [post 2 of 2]
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

______________________________________________________________

http://www.cbi.iq/

Indicative rates – 07.29.2015

______________________________________________________________

If we make peaceful revolution impossible, we make violent revolution inevitable. – John F. Kennedy

______________________________________________________________

*** Current News ***

______________________________________________________________

tlm724 (Dinar Guru) –   Article quote:  “…the governor of Basra Majed Nasraoui said the port of Faw will give 10 times as much as give it the rest of the Iraqi ports.”   It is intended that Basra would be Economic Capital of Iraq and it certainly appears they are achieving just that…
______________________________________________________________

Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
7/29 “Tell all After Call” – w/BGG

Smart phone user link – Click here

______________________________________________________________

rcookie (Dinar Guru) –   Article:  “BASRA GOVERNOR NASRAOUI ASSERTS PORT OF FAW WILL YIELD 10 TIMES VOLUME OF EXISTING 5 PORTS AND A 3RD PORT TO SERVICE WITH SAUDI ARABIA TO OPEN SOON...”  10 TIMES VOLUME OF EXISTING PORTS…WHICH ARE THEMSELVES BREAKING AND SETTING NEW RECORDS EVERY MONTH…AND REMEMBER THIS PROJECT WILL CREATE MORE NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR AS WELL AS PROVIDE MORE JOBS THAN ENTIRE OIL SECTOR…
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG in DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

ADMINBILL (Dinar Guru) –   …THERE HAS BEEN NO CHANGE IN MY OPINION SINCE LATE LAST NIGHT.  [Could the markets close in a memorable way today?]   I AM LOOKING FOR A “I DON’T CARE WHAT DAY OR TIME OF DAY” END OF EVENT.
______________________________________________________________

tlm724 (Dinar Guru) – BondLady has always said 1. The Kurds need Baghdad more than Baghdad needs the Kurds and 2. that the Kurds fudged their population numbers to get more money from the budget and without an accurate census who could dispute what they said?  But the good news is that on Saturday July 30th parliament has the census law on the agenda:  “Thirteenth: report and discuss the draft census law. (Committee on Economy and Investment). (23 articles).”  We don’t expect a swift resolution to Article 140 and the disputed areas or the borders, the Constitution has to be amended and they must reach an agreement, a mutual consent among everyone.  There is a reading of the borders law in parliament on the 30th as well:  “Second: the vote on the draft of border crossings into law.”
______________________________________________________________

rcookie (Dinar Guru) –   Article:  “Salem: Abadi and blocs failed to reach a final conclusion on the bench names of ministers”   THERE WERE REPORTS THIS WAS GOING TO BE FINALIZED IN TOMORROWS SESSION...
______________________________________________________________

RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016

PARLIAMENT

SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI…HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT’L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)…PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS…JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI…FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING…MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK…ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,…PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL…MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS…JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR…

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

firefly (Dinar Guru) –   …You can have a monetary reform without an ECONOMIC reform … BUT …You cannot have an Economic reform without a currency shift…An Economic reform requires what? FUNDS.  [so either way we win! Yes?]   I haven’t heard otherwise...It’s a much bigger picture than most realize   [or could they start the reforms and stop or draw them out?]  Once it started there is no turning back…because of the process and the order of events.  So as we can see there is MUCH happening even as we speak. GREAT things are happening folks, just hold a tad longer. Again I ask before I leave the room … What happened in those 2 days that convinced the IMF to release a portion of the funds!
______________________________________________________________

Breitling (Dinar Guru) –  …78 Billion…One of the major confusions of what the “lopsters” had…I’ve always talked about to look at the note count.  The numbers out there from the last report are 4 billion and we know they’ve reduced it.  People don’t realize that the 78 billion is their entire reserve.  That’s NOT the note count…What it’s stating is that all the gold reserves…Foreign currency…All the assets equals up to 78 billion.  So it’s not a reflection of the note count at all.  They can pump up that reserve number…actually it’s gone down.  It was at 81 billion.  They had to dip into the reserve a little bit cause of the oil prices.  People don’t realize they can add gold and it has NO reflection on the currency count.  They can add foreign currency like the US dollar (exactly what they’ve been doing) without changing the note count.  [Post 1 of 2]
______________________________________________________________

Frank26 (Dinar Guru) –   [Anymore news on Vietnam?]  I believe the dong and many other currencies are in that long line that we talked about…or are actually up in the front of that line…so I think the dong is ready the way the Iraqi dinar is ready…but I don’t know the date or the rate for it…I also believe that many other currencies are ready…I don’t know the date or the rate…that is my opinion based on my studies.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 07-26-16

Currency Auctions Announcement No. 3245

This daily currency auction was held in the Central Bank of Iraq on the 07-26-2016

The results were as follows:

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

mike (Dinar Guru) –  Article:   “House of Representatives vote on the bills and the decision to cancel the tax deduction”  Looks like the tax deal is going to be an issue, Parliament wants it repealed. I think it’s a lot for the people to bear but it’s one of the stipulations the IMF required for the $5.3 billion dollar loan. I guess we’ll have to wait and see how this turns out.
______________________________________________________________

Delta (Dinar Guru) –    I LIKE TO REFRESH YOUR MEMORY!  Article:  “World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar” Quotes:   “It’s an important step was waiting for Iraq to raise the value of the dinar.” “lifted the value of the Iraqi dinar should be a priority ”   SO THE VALUE SHOULD GO FIRST BEFORE RASHEED AND RAFIDAIN BANK GO INTERNATIONAL.
______________________________________________________________

Backdoc (Dinar Guru) –   WE HAVE MORE THAN ADEQUATE ARTICLES EXPLAINING THAT IRAQ WILL BE DIGITAL AND OF COURSE WE ALREADY KNOW THEY ARE ASSET BACKED.   EVERY DINAR IS 25% GOLD BACKED.  THAT SAID I WILL LOOK FOR AND WHEN IT WILL BE POSSIBLE FOR THEM TO DISPLAY TO THE WORLD THIS ASSET-BACKED DIGITAL REALITY CURRENCY.  ASKING ABOUT HOW THE RATE IS AFFECTED IS TOO SENSITIVE FOR ME TO TALK ABOUT. TIME WILL SHOW WHAT IS TO COME.
______________________________________________________________

Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

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

______________________________________________________________

firefly (Dinar Guru) –    Let’s see, 2 thursdays ago the IMF told Iraq they won’t receive a red penny until they start the reform process.   2 days later they received a portion of the funds?  So my question to the room is…What happened in those 2 days that convinced the IMF to start the loan process…  IMO…We may know very shortly.
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rcookie (Dinar Guru) –   Article quote:  “RASHEED & RAFIDAIN SIGN CONTRACT WITH ERNST YOUNG AS CONSULTANT FOR APPLICATION OF UNIVERSAL BANKING SYSTEM TO BE APPLIED IN THE 2 BANKS INCLUDING PROMOTING FINANCING & INVESTMENT ACTIVITIES IN AGRICULTURAL & INDUSTRIAL SECTORS & TO BE COMPLETED WITHIN 125 DAYS UNDER AUSPICE OF MOF…”   SO THE UNIVERSAL BANKING SYSTEM WORLD BANK HAS BEEN WORKING WITH IRAQ …SINCE 2006 IN MEASURES TO RESTRUCTURE AND PRIVATIZE SOB’S…AND WITH IN INK TIMETABLE!…MARK YOUR CALENDARS
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ADMINBILL (Dinar Guru) –   …THE INFORMATION FLOWING IN LATE INTO THE NIGHT WAS ALL POSITIVE. I LOOK FOR ANOTHER DAY OF EXCITEMENT AS WE, HOPEFULLY, ARE AT THE END.
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Be sure to join the New Dinar Updates “private” FaceBook Group…

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

(go here and ask to join… then add some Dinar Friends!!)
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Backdoc (Dinar Guru) –   [ I don’t see the correlation between IEX and IQD…]    IEX HAS BEEN OPERATING SUCCESSFULLY FOR OVER A YEAR ALREADY BUT HASN’T BEEN AVAILABLE TO THE PRIVATE SECTOR. THIS MEANS COUNTRIES ARE USING IT CLEARLY.  ON SEPTEMBER 2ND A NEW DIGITAL REALITY WILL OPEN UP TO COMPANIES AND INDIVIDUALS TO FINALLY GO DIGITAL…IMO. ASSET -BACKED CURRENCIES WILL BE TRADED ON PLATFORMS LIKE THE IEX AND WILL RUN ON THE CHINESE CIPS SYSTEM WHICH WILL EVENTUALLY REPLACE THE SWIFT SYTEM.  TRADES WILL CLEAR WITHIN A MAXIMUM 3 MINUTES AS TO OPPOSED TO THE SWIFT SYSTEM WHICH TAKES 3 TO 10 DAYS.  JUST BECAUSE THE IEX LAUNCHES ON SEPT. 2ND DOESN’T MEAN WE WILL SEE A RATE ON IT AT THIS POINT!  WHAT WE DO KNOW IS THAT IRAQ IS ASSET-BACKED AND THEY HAVE TALKED ABOUT GOING DIGITAL IN MANY ARTICLES!  IMO.
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mike (Dinar Guru) –  “$ 2 billion in grants to the Iraqi people from Western countries”  …so far all I’ve seen are government solutions to Iraq’s economic problems. 6 trillion dinar economic stimulus, bonds and loans are all socialist solutions. Throwing money at the problem won’t fix it. Enforce corruption laws, open up the economy with banking and economic legislation and empower the people’s currency, right now it’s a good ole boys network where only the rich get richer. Giving these guys $2 billion dollars doesn’t fix the problem, it just encourages bad behavior and decision making.  …the time for real action and political will is now, no more excuses. IMO.
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rcookie (Dinar Guru) –    Article:  “HEAD OF ECONOMIC & INVESTMENT COMMISSION BOLANI CALLS FOR PARL TO FORM COMMITTEE FOR SPEED UP THE COMPLETION OF PORT OF FAW...”  YOU THINK THESE FOLKS ARENT AWARE OF ALL THOSE ANALYTICS…AND THE POTENTIAL OF THIS MASSIVE PROJECT…AND REMEMBER THIS WILL BE OFFERED AS A PROVICIAL SECTOR PLAY ON ISX…[Can foreigners invest in ISX – particularly Port of Faw in the future?]  YES…  [post 2 of 2]
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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…

Mrs. BGG

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Indicative rates – 07.27.2015

http://www.cbi.iq/

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He who decides a case without hearing the other side, though he decide justly, cannot be considered just. – Lucius Annaeus Seneca

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*** Current News ***

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Breitling (Dinar Guru) –  ….What if they do put that currency out there and we’re left with nothing?  They can’t do that cause you have banks and institutions around the planet that have the Iraq currency.  I know Chase bank specifically does.  By the way there is NO special banking group that gets to “cash in” and no body else does…hopefully you guys have grown up by now and you don’t believe any of that garbage.  There is no such thing.  It simply does not exist and it’s never happened that way and never could happen that way.  So the scenario is they are going to add value to their currency, exactly like they said they were going to and the currency you and I have.  Eventually they are going to retire the notes.  (you’ll be able to trade for the new notes for an equivalent amount) It’s that simple.  It’s very strange what we’re watching but they’ve explained it thoroughly… [Post 2 of 2]
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Mountainman (Dinar Guru) –   We Hear A Lot About IRAQ and Yes, They are a COMPONENT w/in the NEW GLOBAL REALITY…IRAQ is and was Meant to Be the LAST TIMING MECHANISM as it GAVE (Time) to the Other COUNTRIES to IMPLEMENT said IMF Requirements Along the Way… BEGINNING AUGUST 2016, SEPTEMBER 2, 2016 = A NEW VALUE PLATFORM…
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Frank26 (Dinar Guru) –   there are no woes…there are no troubles… there are no miseries…I don’t even want to say delays.  Abadi now has a clean slate of many minister’s seats that he is going to fill in…he needs time to do it…September 2nd is huge…there is this new banking root system that is being brought into many countries…many banks…and is going to be connected with Iraq…when…September 2nd…everybody wants to get into Iraq…every country is pounding on the doors trying to get into Iraq…IMO…Iraq is ready to lift the value of their currency…but we need to let the paint dry…they are tying up loose ends.   [post 2 of 2]
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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
from 7/25 “After Call” – RCookie, Mr White, BGG and Hutch

Smart phone user link – Click here

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rcookie (Dinar Guru) –   […did Amnesty law get passed yet?]  NOT YET…ITS CUED UP AND AWAITING WITH FED COURT..NG…AND EVENTUALLY ACCOUNTABILITY & JUSTICE…
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ADMINBILL (Dinar Guru) –   THERE IS MUCH HAPPENING TONIGHT THAT MAY LEAD TO THE EVENT SHORTLY.
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Frank26 (Dinar Guru) –   I’m sorry if your hopes were up that it was going to happen in July or June… I was expecting it to…our studies indicated they were being brought into the international theater…by the IMF, the US, and many other three and two letter agencies…guess what…they are there.  Now we still need proof I suppose that is in written form that says they are international…my opinion expresses they are international…As much as you and I were excited about them entering the international world…hey they should raise the value now right…yeah…and I still agree with that 100%…but when you make a decision to go from A to B…please be fair and realize it takes time to go from A to B once you make that decision.  Well I believe deep in my heart that Iraq has been brought to the steps that lead them not only into the international world…but leads them into the reason to raise the value of their currency…   [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) –  [Speaking of supply and demand what is happening to the dinar notes once exchanged for $ ?]   first…remember, are you planning on exchanging in Iraq?  Of course not…because you will not get the USD…so you will exchange outside of Iraq?  Correct?  so those IQD notes will be outside of Iraq the CBI will not see them…  They become assets of…the US…Canada…UK…France, etc.  Remember… banks… central banks…hold foreign currency reserves…they are assets.
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rcookie (Dinar Guru) –   “Iraqi parliament session:  Parliament will vote on three bills discusses another six today”   …BUSY…BUSY DAY!!
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCoookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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Enorrste (Dinar Guru) –   Article:  “What does it mean to float the currency?”  Quote:  “Floating exchange rates fluctuate constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.”   Although Al Jazeera is not an official government source one must ask what would lead them to publish this on their own.  They have no motive on their own.  Therefore I would conclude that they were asked to do so.  The only people I can imagine that would ask Al Jazeera to do this would be either the CBI or the GOI (most likely the former).  That being said…this appears very positive.
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Breitling (Dinar Guru) –  …First…There is no reason at all to reduce the note count at all if they are going to pretend they are taking the 3 zeros off any of the notes. Second…There is no such thing as an “in country” revaluation.  It’s never happened in the history of all man kind.  I haven’t found one example.  I can go back 100 years and give you a history of currency competition…and there’s no such thing…it simply doesn’t exist.  It’s the most ridiculous thing.  A lot of articles are coming out about the polymer currency that they want to do.  and this also eliminates the idea that they are going to LOP the currency.  There is no reason to come out with a new currency if they are not going to add value to it and if they are going to lop the currency there’s no reason to have a new currency is there?  It’s doesn’t make sense.  The articles coming out about a new currency are very very good… [Post 1 of 2]
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wmawhite (Dinar Guru) –  Article:  “Reform plans awaiting allocations and mechanisms of action ” Article quotes: “…said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq…”   “He added that the provision of the central bank’s six trillion five hundred billion dinars amount of investment is designed to achieve the government’s plan to restructure Iraq’s economy and moving it from rentier economy to a productive economy and give the private sector a key role in achieving this.”  this says it right here that this is planned and the IMF is part of moving the Iraqi economy into the private sector.
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RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016

PARLIAMENT

SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI…HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT’L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)…PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS…JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI…FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING…MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK…ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,…PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL…MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS…JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR…

Read More: http://www.dinarupdates.com/blog/
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ADMINBILL (Dinar Guru) –   LOOKS GOOD FOR THE NEXT 12 TO 24 HOURS ACCORDING TO LATEST INFO. RUMOR OF ABADI APPOINTING SHABIBI AS HEAD IF CBI TOMORROW.  RUMOR ONLY.  LET’S SEE WHAT THE DAY BRINGS.

BGG ~ What is this guy up to??

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wmawhite (Dinar Guru) –   [With the IMF endorsing the peg to the USD, how difficult will it be for Iraq to go to a float? And on that note, how hard would it be for Iraq to control/work with that float?]  IMO…Iraq/CBI will not float/free float the IQD.  The CBI could/can depegged if they want to in the next minute, if that is what is best.
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tlm724 (Dinar Guru) –   Article quote:  “…the lack of accountability of the misuse of public money, that will sound when the Council is asked to put his bill by the presidency of the Republic, which is empowered to rigging the Constitution was the text of the Constitution…”  yep…the Constitution needs some tweaking, it allows them to run roughshod and manipulate the system to their advantage ie: stealing money.Right now their Constitution reads like a third world comic book…It should have been amended years ago!
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Iraqi Dinar/Dollar auction (most recent listing) 07-26-16

Currency Auctions Announcement No. 3245

This daily currency auction was held in the Central Bank of Iraq on the 07-26-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) –   Article:  “In addition to targeted institutional organization, it would limit the tax evasion operations will be subject to the tax charge for the fact that records companies reveal in front of the tax authorities, as well as regulators are any corporate solidarity does not assume future tax irregularities from the legal responsibility of being officially registered and licensed.”   This appears to be huge steps at ensuring that all entities… whether government or private sector are registered and paying their fair taxes.  They see the flood gates opening and are ensuring that they are prepared administratively. In other words…if the flood gates of investors were not opening ..why worry about such issues?
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ADMINBILL (Dinar Guru) – WHAT A SCREWBALL WEEK THIS HAS BEEN. UP DOWN, UP DOWN. SO WHERE ARE WE…? IN MY OPINION WE MAY BE IN THE WEEK…THE PROBLEM WE HAVE IS THAT WE CANNOT GET THE TRUTH FROM ANY NEWS SOURCE THESE DAYS WHICH MAKES IT VERY DIFFICULT FOR THOSE THAT HAVE NOT KEPT UP WITH THE DAILY DRAMA IN DINARVILLE.   I SAY WE ARE NEAR THE END…WITHOUT THE GCR/RV THE SITUATION IS THAT GRAVE.
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rcookie (Dinar Guru) –   Article quote:  “ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION”   SO…THE ASHUR BANK ISX LAUNCH TOMORROW [MONDAY]…
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Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

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

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rcookie (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”  Quote:  “said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation...”   THE TITLE BLOWS THE MIND…AND THE STATEMENT SOURCE BEING ALNASIRI ISNT TO SHABBY AS WELL…THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS…1ST A SWITCH TO A PRODUCTIVE ECONOMY…AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACCURATE, TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION…WOW…THAT REPORT WAS AWESOME!
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Kaperoni (Dinar Guru) –   Article:  “CBI agrees to open windows for the sale of US dollars in cash for travelers”  [So is this a good thing or bad thing or neither?]   This is a great thing.  Remember the IMF line…”The authorities will gradually remove remaining exchange restrictions..”  This is a requirement for Article VIII.   We need this to happen for the dinar to be internationally convertible and rise in value!  The sooner the better.
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rcookie (Dinar Guru) –   Article:  “A new International Port between Iran and Iraq Kurdistan”  WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN…THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!
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What does it mean to float the currency?

Floating currency is to make the exchange rate of the currency as an editor in full, so that the government does not interfere , or the central bank in the determined directly. But it is automatically excreted in the currency market by supply and demand mechanism that allows for the identification of the national currency exchange rate against foreign currencies.

And fluctuate prices of floating currency exchange constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.

Forms of flotation

Either be floating or purely be directed:

Pure flotation:
are left to determine the exchange rate to market forces and the mechanism of supply and demand in full, and the state refrain from any direct or indirect intervention.

Flotation prompt:
is left to determine the exchange rate to market forces and the mechanism of supply and demand, but the state intervenes (via the central bank) as needed in order to guide the exchange rates in certain directions by influencing the size of the offer or demand for foreign currencies.

Supporters of flotation

For as long as theorists monetary school defended in economics ( Milton Friedman model) for floating currencies, claiming that the liberalization of exchange rates will make it reflect the economic fundamentals of the various countries (growth, trade balance, inflation , interest rates), and will lead it thus to restore the balance of relations and business accounts of current transactions continuously and automatically…

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

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BGG (Dinar Guru) –   Article:  “Abadi accept the seventh resignation of a minister in his government”  This goes back to the SJC set back suffered by Abadi about “how” he got the “reshuffle” started (by removing those guys)… Looks like he has somehow “persuaded” them to “voluntarily resign”…he will get his “technocratic GOI” sooner rather than later.  regarding the “delays” – yes, there have been real delays…stop and think… half of Iraq was under the control of a hostile force… didn’t need to be – but it was…Maliki was partially the author of it…security HAS been an issue… plainly, there have been plans published and retracted (or “tabled”) that addressed currency reform…We’re in much better shape now.
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Bondlady (Dinar Guru) –   Article:  “Ready to receive the ten global companies to complete the port of Faw in Basra”   this port is very important and its a huge project that’s been ongoing for years and years…its very close to completion and when it is whoa! talk about a huge money maker…this will be the largest port in the world, it will connect Iraq thru its shipping lanes…to the rest of the world…very big and huge deal for Iraq…thumbs up…
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tlm724 (Dinar Guru) –  Article:  “Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him”  Quote: “Statement Mr. Prime Minister , Dr. Haider al – Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people…”   it’s hard to fathom the conditions these people are trying to live under…no food, no water, no sanitation, no meds, children starving and its like 130 degrees…so sad…take a moment and say a prayer for your fellow man!
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Be sure to join the New Dinar Updates “private” FaceBook Group…

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

(go here and ask to join… then add some Dinar Friends!!)
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BGG (Dinar Guru) –   Article:  “IMF agreement test for Iraq”   IMF has developed a tremendous program to rewrite Iraq’s ailing economy.  The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East.  While not saying ” rv tomorrow” it’s pretty compelling stuff…
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Delta (Dinar Guru) –   Article quote:   “The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to ” low value and stop the public about the circulation ,” according to a statement of the bank. A source in the CBI told the ” term ” that ” the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last…”
I DID BRING THIS…FROM 2/27/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS!  AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT’S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.
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Backdoc (Dinar Guru) –   QUIET WE ARE WITH A PURPOSE FOR A PURPOSE!  WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
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Iraqi Dinar/Dollar auction (most recent listing) 07-24-16

Currency Auctions Announcement No. 3243

This daily currency auction was held in the Central Bank of Iraq on the 07-24-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”   Quote:  “…the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives…activating the role of financial institutions and the banking sector”   Super article IMO as it describes how the economy and banking sector are tied together.  This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value.  Good and exciting stuff!
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BGG (Dinar Guru) –    “OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION…”  the bigger news than who it is – is that it is soon (the liberation of Mosul)…key city in Iraq – sets the stage for real stability – if this is one of the “biggies” for the IMF. Mosul will be captured – the US would not be there if it were not a “given”… the progress is breathtaking…As far as this investment goes…all good for Iraq.
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tman23 (Dinar Guru) –    ...Abadi is saying he would launch in October…which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad…At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: “We would like to see some reforms moving faster.”  REFORMS MOVE FASTER…THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY…THIS IS WHAT THEY ARE PLANNING…ABADI IS SAYING UNTIL OCTOBER…and…security after liberation is the biggest concern of all…Rebuilding the second largest city and providing immediate service is an issue…UNCERTAIN SECURITY… UNCERTAIN of the Country uniting post ISIS…Uncertainty by the MAJORS tells me NO CURRENCY CHANGE…IMF said…That Iraq is expected to enter the International Market by mid 2016… Simply put, the reality of Iraq meeting expectations will most likely end in disappointment…
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Iraqi Dinar/Dollar auction (most recent listing) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Shredd (Dinar Guru) –   …the IMF’s continued support and re-clarification that the peg to the dollar is in place is a good thing.  It is just a matter of time that the dinar will gain value as Iraq diversifies in it’s outputs and regrows its reserves from oil revenues.  We are not invested in some penny stock that we’re hoping to get rich on like the inbred, get-rich-quick dummies do.  ​We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth.   [post 3 of 3]
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Shredd (Dinar Guru) –   [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.
Let me also add that…   [post 2 of 3….stay tuned]
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Shredd (Dinar Guru) –   Article:  “IMF says no reason to devalue Iraqi Dinar”  This article captures most of the upside of having the dinar on par with the dollar. I’ll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country’s economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner.  [post 1 of 3….stay tuned]
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U.S.-Iraqi Kurdistan MOU signed with Baghdad’s support and approval

Iraq’s Ministry of Defense on Friday said the Memorandum of Understanding (MOU) that includes provisions of military support to the Peshmerga forces signed between the Kurdistan Regional Government (KRG) and the United States was carried out with and after the approval of the Iraqi central government.

The defense ministry released a statement refuting claims the agreement was signed without Baghdad’s approval and stressing the MOU was meant to support Peshmerga forces with financial and military aid.

The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq’s sovereignty.

“Approval has been obtained from the Iraqi government for the aid for the Peshmerga Forces but the preconditions were indicated by the U.S.,” the statement read…

Read More: http://www.dinarupdates.com/blog/
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tlm724 (Dinar Guru) –  Here are the statistics I want to share with you all: CIA The World Factbook:  COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD:  Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.

RANK RESERVES OF FOREIGN EXCHANGE AND GOLD: 

37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST  

49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST

Isn’t that pretty ? Iraq has quite a bit more gold and reserves…   [post 2 of 2]
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tlm724 (Dinar Guru) –  I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait’s exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar.  The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table.  The overall standard of living still depends on the central government passing major policy reforms and laws…and that too is being addressed, it is just a matter of time.  …I did some research so I could answer that old question:  Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some!  [post 1 of 2….stay tuned]
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Bondlady (Dinar Guru) –    Article:  “Exchange rate and disinformation”  Quote:  “Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…”  …this is a good article an could very well mean even better for us than what its saying…the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they’ve done the last few times they’ve been ready to move the dinar rates or do something with the currency…we all know its long over due…this is definitely different than the last 10 plus years…I really do expect things to change in a big way with the new agreements made with talibani…art 140…hcl… several more huge things…I believe we will see those come to light very soon…hang in there every one …its lookin very good for us all imo.
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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…

Mrs. BGG

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http://www.cbi.iq/

Indicative rates – 07.26.2015

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He who decides a case without hearing the other side, though he decide justly, cannot be considered just. – Lucius Annaeus Seneca

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*** Current News ***

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Frank26 (Dinar Guru) –   there are no woes…there are no troubles… there are no miseries…I don’t even want to say delays.  Abadi now has a clean slate of many minister’s seats that he is going to fill in…he needs time to do it…September 2nd is huge…there is this new banking root system that is being brought into many countries…many banks…and is going to be connected with Iraq…when…September 2nd…everybody wants to get into Iraq…every country is pounding on the doors trying to get into Iraq…IMO…Iraq is ready to lift the value of their currency…but we need to let the paint dry…they are tying up loose ends.   [post 2 of 2]
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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
from 7/25 “After Call” – RCookie, Mr White, BGG and Hutch

Smart phone user link – Click here

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Frank26 (Dinar Guru) –   I’m sorry if your hopes were up that it was going to happen in July or June… I was expecting it to…our studies indicated they were being brought into the international theater…by the IMF, the US, and many other three and two letter agencies…guess what…they are there.  Now we still need proof I suppose that is in written form that says they are international…my opinion expresses they are international…As much as you and I were excited about them entering the international world…hey they should raise the value now right…yeah…and I still agree with that 100%…but when you make a decision to go from A to B…please be fair and realize it takes time to go from A to B once you make that decision.  Well I believe deep in my heart that Iraq has been brought to the steps that lead them not only into the international world…but leads them into the reason to raise the value of their currency…   [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) –  [Speaking of supply and demand what is happening to the dinar notes once exchanged for $ ?]   first…remember, are you planning on exchanging in Iraq?  Of course not…because you will not get the USD…so you will exchange outside of Iraq?  Correct?  so those IQD notes will be outside of Iraq the CBI will not see them…  They become assets of…the US…Canada…UK…France, etc.  Remember… banks… central banks…hold foreign currency reserves…they are assets.
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rcookie (Dinar Guru) –   “Iraqi parliament session:  Parliament will vote on three bills discusses another six today”   …BUSY…BUSY DAY!!
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCoookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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Enorrste (Dinar Guru) –   Article:  “What does it mean to float the currency?”  Quote:  “Floating exchange rates fluctuate constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.”   Although Al Jazeera is not an official government source one must ask what would lead them to publish this on their own.  They have no motive on their own.  Therefore I would conclude that they were asked to do so.  The only people I can imagine that would ask Al Jazeera to do this would be either the CBI or the GOI (most likely the former).  That being said…this appears very positive.
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Breitling (Dinar Guru) –  …First…There is no reason at all to reduce the note count at all if they are going to pretend they are taking the 3 zeros off any of the notes. Second…There is no such thing as an “in country” revaluation.  It’s never happened in the history of all man kind.  I haven’t found one example.  I can go back 100 years and give you a history of currency competition…and there’s no such thing…it simply doesn’t exist.  It’s the most ridiculous thing.  A lot of articles are coming out about the polymer currency that they want to do.  and this also eliminates the idea that they are going to LOP the currency.  There is no reason to come out with a new currency if they are not going to add value to it and if they are going to lop the currency there’s no reason to have a new currency is there?  It’s doesn’t make sense.  The articles coming out about a new currency are very very good… [Post 1 of 3]
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wmawhite (Dinar Guru) –  Article:  “Reform plans awaiting allocations and mechanisms of action ” Article quotes: “…said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq…”   “He added that the provision of the central bank’s six trillion five hundred billion dinars amount of investment is designed to achieve the government’s plan to restructure Iraq’s economy and moving it from rentier economy to a productive economy and give the private sector a key role in achieving this.”  this says it right here that this is planned and the IMF is part of moving the Iraqi economy into the private sector.
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RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016

PARLIAMENT

SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI…HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT’L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)…PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS…JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI…FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING…MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK…ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,…PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL…MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS…JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR…

Read More: http://www.dinarupdates.com/blog/
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ADMINBILL (Dinar Guru) –   LOOKS GOOD FOR THE NEXT 12 TO 24 HOURS ACCORDING TO LATEST INFO. RUMOR OF ABADI APPOINTING SHABIBI AS HEAD IF CBI TOMORROW.  RUMOR ONLY.  LET’S SEE WHAT THE DAY BRINGS.

BGG ~ What is this guy up to??

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wmawhite (Dinar Guru) –   [With the IMF endorsing the peg to the USD, how difficult will it be for Iraq to go to a float? And on that note, how hard would it be for Iraq to control/work with that float?]  IMO…Iraq/CBI will not float/free float the IQD.  The CBI could/can depegged if they want to in the next minute, if that is what is best.
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tlm724 (Dinar Guru) –   Article quote:  “…the lack of accountability of the misuse of public money, that will sound when the Council is asked to put his bill by the presidency of the Republic, which is empowered to rigging the Constitution was the text of the Constitution…”  yep…the Constitution needs some tweaking, it allows them to run roughshod and manipulate the system to their advantage ie: stealing money.Right now their Constitution reads like a third world comic book…It should have been amended years ago!
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Iraqi Dinar/Dollar auction (most recent listing) 07-26-16

Currency Auctions Announcement No. 3245

This daily currency auction was held in the Central Bank of Iraq on the 07-26-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) –   Article:  “In addition to targeted institutional organization, it would limit the tax evasion operations will be subject to the tax charge for the fact that records companies reveal in front of the tax authorities, as well as regulators are any corporate solidarity does not assume future tax irregularities from the legal responsibility of being officially registered and licensed.”   This appears to be huge steps at ensuring that all entities… whether government or private sector are registered and paying their fair taxes.  They see the flood gates opening and are ensuring that they are prepared administratively. In other words…if the flood gates of investors were not opening ..why worry about such issues?
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ADMINBILL (Dinar Guru) – WHAT A SCREWBALL WEEK THIS HAS BEEN. UP DOWN, UP DOWN. SO WHERE ARE WE…? IN MY OPINION WE MAY BE IN THE WEEK…THE PROBLEM WE HAVE IS THAT WE CANNOT GET THE TRUTH FROM ANY NEWS SOURCE THESE DAYS WHICH MAKES IT VERY DIFFICULT FOR THOSE THAT HAVE NOT KEPT UP WITH THE DAILY DRAMA IN DINARVILLE.   I SAY WE ARE NEAR THE END…WITHOUT THE GCR/RV THE SITUATION IS THAT GRAVE.
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rcookie (Dinar Guru) –   Article quote:  “ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION”   SO…THE ASHUR BANK ISX LAUNCH TOMORROW [MONDAY]…
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Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

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

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rcookie (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”  Quote:  “said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation...”   THE TITLE BLOWS THE MIND…AND THE STATEMENT SOURCE BEING ALNASIRI ISNT TO SHABBY AS WELL…THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS…1ST A SWITCH TO A PRODUCTIVE ECONOMY…AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACCURATE, TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION…WOW…THAT REPORT WAS AWESOME!
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Kaperoni (Dinar Guru) –   Article:  “CBI agrees to open windows for the sale of US dollars in cash for travelers”  [So is this a good thing or bad thing or neither?]   This is a great thing.  Remember the IMF line…”The authorities will gradually remove remaining exchange restrictions..”  This is a requirement for Article VIII.   We need this to happen for the dinar to be internationally convertible and rise in value!  The sooner the better.
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rcookie (Dinar Guru) –   Article:  “A new International Port between Iran and Iraq Kurdistan”  WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN…THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!
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What does it mean to float the currency?

Floating currency is to make the exchange rate of the currency as an editor in full, so that the government does not interfere , or the central bank in the determined directly. But it is automatically excreted in the currency market by supply and demand mechanism that allows for the identification of the national currency exchange rate against foreign currencies.

And fluctuate prices of floating currency exchange constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.

Forms of flotation

Either be floating or purely be directed:

Pure flotation:
are left to determine the exchange rate to market forces and the mechanism of supply and demand in full, and the state refrain from any direct or indirect intervention.

Flotation prompt:
is left to determine the exchange rate to market forces and the mechanism of supply and demand, but the state intervenes (via the central bank) as needed in order to guide the exchange rates in certain directions by influencing the size of the offer or demand for foreign currencies.

Supporters of flotation

For as long as theorists monetary school defended in economics ( Milton Friedman model) for floating currencies, claiming that the liberalization of exchange rates will make it reflect the economic fundamentals of the various countries (growth, trade balance, inflation , interest rates), and will lead it thus to restore the balance of relations and business accounts of current transactions continuously and automatically…

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

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BGG (Dinar Guru) –   Article:  “Abadi accept the seventh resignation of a minister in his government”  This goes back to the SJC set back suffered by Abadi about “how” he got the “reshuffle” started (by removing those guys)… Looks like he has somehow “persuaded” them to “voluntarily resign”…he will get his “technocratic GOI” sooner rather than later.  regarding the “delays” – yes, there have been real delays…stop and think… half of Iraq was under the control of a hostile force… didn’t need to be – but it was…Maliki was partially the author of it…security HAS been an issue… plainly, there have been plans published and retracted (or “tabled”) that addressed currency reform…We’re in much better shape now.
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Bondlady (Dinar Guru) –   Article:  “Ready to receive the ten global companies to complete the port of Faw in Basra”   this port is very important and its a huge project that’s been ongoing for years and years…its very close to completion and when it is whoa! talk about a huge money maker…this will be the largest port in the world, it will connect Iraq thru its shipping lanes…to the rest of the world…very big and huge deal for Iraq…thumbs up…
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tlm724 (Dinar Guru) –  Article:  “Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him”  Quote: “Statement Mr. Prime Minister , Dr. Haider al – Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people…”   it’s hard to fathom the conditions these people are trying to live under…no food, no water, no sanitation, no meds, children starving and its like 130 degrees…so sad…take a moment and say a prayer for your fellow man!
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Be sure to join the New Dinar Updates “private” FaceBook Group…

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

(go here and ask to join… then add some Dinar Friends!!)
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BGG (Dinar Guru) –   Article:  “IMF agreement test for Iraq”   IMF has developed a tremendous program to rewrite Iraq’s ailing economy.  The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East.  While not saying ” rv tomorrow” it’s pretty compelling stuff…
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Delta (Dinar Guru) –   Article quote:   “The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to ” low value and stop the public about the circulation ,” according to a statement of the bank. A source in the CBI told the ” term ” that ” the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last…”
I DID BRING THIS…FROM 2/27/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS!  AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT’S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.
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Backdoc (Dinar Guru) –   QUIET WE ARE WITH A PURPOSE FOR A PURPOSE!  WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
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Iraqi Dinar/Dollar auction (most recent listing) 07-24-16

Currency Auctions Announcement No. 3243

This daily currency auction was held in the Central Bank of Iraq on the 07-24-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”   Quote:  “…the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives…activating the role of financial institutions and the banking sector”   Super article IMO as it describes how the economy and banking sector are tied together.  This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value.  Good and exciting stuff!
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BGG (Dinar Guru) –    “OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION…”  the bigger news than who it is – is that it is soon (the liberation of Mosul)…key city in Iraq – sets the stage for real stability – if this is one of the “biggies” for the IMF. Mosul will be captured – the US would not be there if it were not a “given”… the progress is breathtaking…As far as this investment goes…all good for Iraq.
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tman23 (Dinar Guru) –    ...Abadi is saying he would launch in October…which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad…At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: “We would like to see some reforms moving faster.”  REFORMS MOVE FASTER…THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY…THIS IS WHAT THEY ARE PLANNING…ABADI IS SAYING UNTIL OCTOBER…and…security after liberation is the biggest concern of all…Rebuilding the second largest city and providing immediate service is an issue…UNCERTAIN SECURITY… UNCERTAIN of the Country uniting post ISIS…Uncertainty by the MAJORS tells me NO CURRENCY CHANGE…IMF said…That Iraq is expected to enter the International Market by mid 2016… Simply put, the reality of Iraq meeting expectations will most likely end in disappointment…
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Iraqi Dinar/Dollar auction (most recent listing) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Shredd (Dinar Guru) –   …the IMF’s continued support and re-clarification that the peg to the dollar is in place is a good thing.  It is just a matter of time that the dinar will gain value as Iraq diversifies in it’s outputs and regrows its reserves from oil revenues.  We are not invested in some penny stock that we’re hoping to get rich on like the inbred, get-rich-quick dummies do.  ​We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth.   [post 3 of 3]
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Shredd (Dinar Guru) –   [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.
Let me also add that…   [post 2 of 3….stay tuned]
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Shredd (Dinar Guru) –   Article:  “IMF says no reason to devalue Iraqi Dinar”  This article captures most of the upside of having the dinar on par with the dollar. I’ll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country’s economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner.  [post 1 of 3….stay tuned]
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U.S.-Iraqi Kurdistan MOU signed with Baghdad’s support and approval

Iraq’s Ministry of Defense on Friday said the Memorandum of Understanding (MOU) that includes provisions of military support to the Peshmerga forces signed between the Kurdistan Regional Government (KRG) and the United States was carried out with and after the approval of the Iraqi central government.

The defense ministry released a statement refuting claims the agreement was signed without Baghdad’s approval and stressing the MOU was meant to support Peshmerga forces with financial and military aid.

The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq’s sovereignty.

“Approval has been obtained from the Iraqi government for the aid for the Peshmerga Forces but the preconditions were indicated by the U.S.,” the statement read…

Read More: http://www.dinarupdates.com/blog/
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tlm724 (Dinar Guru) –  Here are the statistics I want to share with you all: CIA The World Factbook:  COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD:  Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.

RANK RESERVES OF FOREIGN EXCHANGE AND GOLD: 

37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST  

49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST

Isn’t that pretty ? Iraq has quite a bit more gold and reserves…   [post 2 of 2]
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tlm724 (Dinar Guru) –  I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait’s exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar.  The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table.  The overall standard of living still depends on the central government passing major policy reforms and laws…and that too is being addressed, it is just a matter of time.  …I did some research so I could answer that old question:  Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some!  [post 1 of 2….stay tuned]
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Bondlady (Dinar Guru) –    Article:  “Exchange rate and disinformation”  Quote:  “Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…”  …this is a good article an could very well mean even better for us than what its saying…the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they’ve done the last few times they’ve been ready to move the dinar rates or do something with the currency…we all know its long over due…this is definitely different than the last 10 plus years…I really do expect things to change in a big way with the new agreements made with talibani…art 140…hcl… several more huge things…I believe we will see those come to light very soon…hang in there every one …its lookin very good for us all imo.
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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…

Mrs. BGG

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Indicative rates – 07.25.2015

http://www.cbi.iq/

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There is something even more valuable to civilization than wisdom, and that is character. – H. L. Mencken

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*** Current News ***

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ADMINBILL (Dinar Guru) – WHAT A SCREWBALL WEEK THIS HAS BEEN. UP DOWN, UP DOWN. SO WHERE ARE WE…? IN MY OPINION WE MAY BE IN THE WEEK…THE PROBLEM WE HAVE IS THAT WE CANNOT GET THE TRUTH FROM ANY NEWS SOURCE THESE DAYS WHICH MAKES IT VERY DIFFICULT FOR THOSE THAT HAVE NOT KEPT UP WITH THE DAILY DRAMA IN DINARVILLE.   I SAY WE ARE NEAR THE END…WITHOUT THE GCR/RV THE SITUATION IS THAT GRAVE.
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rcookie (Dinar Guru) –   Article quote:  “ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION”   SO…THE ASHUR BANK ISX LAUNCH TOMORROW [MONDAY]…
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCoookie and Mr White in DU CHAT ROOM – Monday 6:30pm CST

www.DinarUpdates.com – save as favorite!

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rcookie (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”  Quote:  “said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation...”   THE TITLE BLOWS THE MIND…AND THE STATEMENT SOURCE BEING ALNASIRI ISNT TO SHABBY AS WELL…THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS…1ST A SWITCH TO A PRODUCTIVE ECONOMY…AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACCURATE, TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION…WOW…THAT REPORT WAS AWESOME!
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Kaperoni (Dinar Guru) –   Article:  “CBI agrees to open windows for the sale of US dollars in cash for travelers”  [So is this a good thing or bad thing or neither?]   This is a great thing.  Remember the IMF line…”The authorities will gradually remove remaining exchange restrictions..”  This is a requirement for Article VIII.   We need this to happen for the dinar to be internationally convertible and rise in value!  The sooner the better.
______________________________________________________________

rcookie (Dinar Guru) –   Article:  “A new International Port between Iran and Iraq Kurdistan”  WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN…THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!
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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
7/25 “After Call” – RCookie, Mr White, BGG and Hutch 641-715-3640 pin#528733

from 7/18 – Smart phone user link – Click here

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BGG (Dinar Guru) –   Article:  “Abadi accept the seventh resignation of a minister in his government”  This goes back to the SJC set back suffered by Abadi about “how” he got the “reshuffle” started (by removing those guys)… Looks like he has somehow “persuaded” them to “voluntarily resign”…he will get his “technocratic GOI” sooner rather than later.  regarding the “delays” – yes, there have been real delays…stop and think… half of Iraq was under the control of a hostile force… didn’t need to be – but it was…Maliki was partially the author of it…security HAS been an issue… plainly, there have been plans published and retracted (or “tabled”) that addressed currency reform…We’re in much better shape now.
______________________________________________________________

Bondlady (Dinar Guru) –   Article:  “Ready to receive the ten global companies to complete the port of Faw in Basra”   this port is very important and its a huge project that’s been ongoing for years and years…its very close to completion and when it is whoa! talk about a huge money maker…this will be the largest port in the world, it will connect Iraq thru its shipping lanes…to the rest of the world…very big and huge deal for Iraq…thumbs up…
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tlm724 (Dinar Guru) –  Article:  “Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him”  Quote: “Statement Mr. Prime Minister , Dr. Haider al – Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people…”   it’s hard to fathom the conditions these people are trying to live under…no food, no water, no sanitation, no meds, children starving and its like 130 degrees…so sad…take a moment and say a prayer for your fellow man!
______________________________________________________________

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

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

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

BGG (Dinar Guru) –   Article:  “IMF agreement test for Iraq”   IMF has developed a tremendous program to rewrite Iraq’s ailing economy.  The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East.  While not saying ” rv tomorrow” it’s pretty compelling stuff…
______________________________________________________________

Delta (Dinar Guru) –   Article quote:   “The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to ” low value and stop the public about the circulation ,” according to a statement of the bank. A source in the CBI told the ” term ” that ” the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last…”
I DID BRING THIS…FROM 2/27/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS!  AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT’S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.
______________________________________________________________

Backdoc (Dinar Guru) –   QUIET WE ARE WITH A PURPOSE FOR A PURPOSE!  WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 07-24-16

Currency Auctions Announcement No. 3243

This daily currency auction was held in the Central Bank of Iraq on the 07-24-2016

The results were as follows:

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

Kaperoni (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”   Quote:  “…the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives…activating the role of financial institutions and the banking sector”   Super article IMO as it describes how the economy and banking sector are tied together.  This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value.  Good and exciting stuff!
______________________________________________________________

BGG (Dinar Guru) –    “OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION…”  the bigger news than who it is – is that it is soon (the liberation of Mosul)…key city in Iraq – sets the stage for real stability – if this is one of the “biggies” for the IMF. Mosul will be captured – the US would not be there if it were not a “given”… the progress is breathtaking…As far as this investment goes…all good for Iraq.
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tman23 (Dinar Guru) –    ...Abadi is saying he would launch in October…which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad…At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: “We would like to see some reforms moving faster.”  REFORMS MOVE FASTER…THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY…THIS IS WHAT THEY ARE PLANNING…ABADI IS SAYING UNTIL OCTOBER…and…security after liberation is the biggest concern of all…Rebuilding the second largest city and providing immediate service is an issue…UNCERTAIN SECURITY… UNCERTAIN of the Country uniting post ISIS…Uncertainty by the MAJORS tells me NO CURRENCY CHANGE…IMF said…That Iraq is expected to enter the International Market by mid 2016… Simply put, the reality of Iraq meeting expectations will most likely end in disappointment…
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Iraqi Dinar/Dollar auction (most recent listing) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

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

Shredd (Dinar Guru) –   …the IMF’s continued support and re-clarification that the peg to the dollar is in place is a good thing.  It is just a matter of time that the dinar will gain value as Iraq diversifies in it’s outputs and regrows its reserves from oil revenues.  We are not invested in some penny stock that we’re hoping to get rich on like the inbred, get-rich-quick dummies do.  ​We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth.   [post 3 of 3]
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Shredd (Dinar Guru) –   [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.
Let me also add that…   [post 2 of 3….stay tuned]
______________________________________________________________

Shredd (Dinar Guru) –   Article:  “IMF says no reason to devalue Iraqi Dinar”  This article captures most of the upside of having the dinar on par with the dollar. I’ll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country’s economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner.  [post 1 of 3….stay tuned]
______________________________________________________________

U.S.-Iraqi Kurdistan MOU signed with Baghdad’s support and approval

Iraq’s Ministry of Defense on Friday said the Memorandum of Understanding (MOU) that includes provisions of military support to the Peshmerga forces signed between the Kurdistan Regional Government (KRG) and the United States was carried out with and after the approval of the Iraqi central government.

The defense ministry released a statement refuting claims the agreement was signed without Baghdad’s approval and stressing the MOU was meant to support Peshmerga forces with financial and military aid.

The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq’s sovereignty.

“Approval has been obtained from the Iraqi government for the aid for the Peshmerga Forces but the preconditions were indicated by the U.S.,” the statement read…

Read More: http://www.dinarupdates.com/blog/
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tlm724 (Dinar Guru) –  Here are the statistics I want to share with you all: CIA The World Factbook:  COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD:  Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.

RANK RESERVES OF FOREIGN EXCHANGE AND GOLD: 

37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST  

49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST

Isn’t that pretty ? Iraq has quite a bit more gold and reserves…   [post 2 of 2]
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tlm724 (Dinar Guru) –  I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait’s exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar.  The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table.  The overall standard of living still depends on the central government passing major policy reforms and laws…and that too is being addressed, it is just a matter of time.  …I did some research so I could answer that old question:  Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some!  [post 1 of 2….stay tuned]
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Bondlady (Dinar Guru) –    Article:  “Exchange rate and disinformation”  Quote:  “Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…”  …this is a good article an could very well mean even better for us than what its saying…the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they’ve done the last few times they’ve been ready to move the dinar rates or do something with the currency…we all know its long over due…this is definitely different than the last 10 plus years…I really do expect things to change in a big way with the new agreements made with talibani…art 140…hcl… several more huge things…I believe we will see those come to light very soon…hang in there every one …its lookin very good for us all imo.
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

______________________________________________________________

http://www.cbi.iq/

Indicative rates – 07.24.2015

______________________________________________________________

There is something even more valuable to civilization than wisdom, and that is character. – H. L. Mencken

______________________________________________________________

*** Current News ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Monday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

Kaperoni (Dinar Guru) –   Article:  “CBI agrees to open windows for the sale of US dollars in cash for travelers”  [So is this a good thing or bad thing or neither?]   This is a great thing.  Remember the IMF line…”The authorities will gradually remove remaining exchange restrictions..”  This is a requirement for Article VIII.   We need this to happen for the dinar to be internationally convertible and rise in value!  The sooner the better.
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rcookie (Dinar Guru) –   Article:  “A new International Port between Iran and Iraq Kurdistan”  WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN…THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!
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Dinar Updates “The After Call – ReDux”!!

“Immediately following News Time!!”
7/18 – “After Call”!! (next one – 7/25)

Smart phone user link – Click here

______________________________________________________________

BGG (Dinar Guru) –   Article:  “Abadi accept the seventh resignation of a minister in his government”  This goes back to the SJC set back suffered by Abadi about “how” he got the “reshuffle” started (by removing those guys)… Looks like he has somehow “persuaded” them to “voluntarily resign”…he will get his “technocratic GOI” sooner rather than later.  regarding the “delays” – yes, there have been real delays…stop and think… half of Iraq was under the control of a hostile force… didn’t need to be – but it was…Maliki was partially the author of it…security HAS been an issue… plainly, there have been plans published and retracted (or “tabled”) that addressed currency reform…We’re in much better shape now.
______________________________________________________________

Bondlady (Dinar Guru) –   Article:  “Ready to receive the ten global companies to complete the port of Faw in Basra”   this port is very important and its a huge project that’s been ongoing for years and years…its very close to completion and when it is whoa! talk about a huge money maker…this will be the largest port in the world, it will connect Iraq thru its shipping lanes…to the rest of the world…very big and huge deal for Iraq…thumbs up…
______________________________________________________________

tlm724 (Dinar Guru) –  Article:  “Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him”  Quote: “Statement Mr. Prime Minister , Dr. Haider al – Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people…”   it’s hard to fathom the conditions these people are trying to live under…no food, no water, no sanitation, no meds, children starving and its like 130 degrees…so sad…take a moment and say a prayer for your fellow man!
______________________________________________________________

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

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

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

BGG (Dinar Guru) –   Article:  “IMF agreement test for Iraq”   IMF has developed a tremendous program to rewrite Iraq’s ailing economy.  The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East.  While not saying ” rv tomorrow” it’s pretty compelling stuff…
______________________________________________________________

Delta (Dinar Guru) –   Article quote:   “The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to ” low value and stop the public about the circulation ,” according to a statement of the bank. A source in the CBI told the ” term ” that ” the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last…”
I DID BRING THIS…FROM 2/27/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS!  AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT’S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.
______________________________________________________________

Backdoc (Dinar Guru) –   QUIET WE ARE WITH A PURPOSE FOR A PURPOSE!  WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 07-24-16

Currency Auctions Announcement No. 3243

This daily currency auction was held in the Central Bank of Iraq on the 07-24-2016

The results were as follows:

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

Kaperoni (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action”   Quote:  “…the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives…activating the role of financial institutions and the banking sector”   Super article IMO as it describes how the economy and banking sector are tied together.  This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value.  Good and exciting stuff!
______________________________________________________________

BGG (Dinar Guru) –    “OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION…”  the bigger news than who it is – is that it is soon (the liberation of Mosul)…key city in Iraq – sets the stage for real stability – if this is one of the “biggies” for the IMF. Mosul will be captured – the US would not be there if it were not a “given”… the progress is breathtaking…As far as this investment goes…all good for Iraq.
______________________________________________________________

tman23 (Dinar Guru) –    ...Abadi is saying he would launch in October…which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad…At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: “We would like to see some reforms moving faster.”  REFORMS MOVE FASTER…THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY…THIS IS WHAT THEY ARE PLANNING…ABADI IS SAYING UNTIL OCTOBER…and…security after liberation is the biggest concern of all…Rebuilding the second largest city and providing immediate service is an issue…UNCERTAIN SECURITY… UNCERTAIN of the Country uniting post ISIS…Uncertainty by the MAJORS tells me NO CURRENCY CHANGE…IMF said…That Iraq is expected to enter the International Market by mid 2016… Simply put, the reality of Iraq meeting expectations will most likely end in disappointment…
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

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

Shredd (Dinar Guru) –   …the IMF’s continued support and re-clarification that the peg to the dollar is in place is a good thing.  It is just a matter of time that the dinar will gain value as Iraq diversifies in it’s outputs and regrows its reserves from oil revenues.  We are not invested in some penny stock that we’re hoping to get rich on like the inbred, get-rich-quick dummies do.  ​We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth.   [post 3 of 3]
______________________________________________________________

Shredd (Dinar Guru) –   [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.
Let me also add that…   [post 2 of 3….stay tuned]
______________________________________________________________

Shredd (Dinar Guru) –   Article:  “IMF says no reason to devalue Iraqi Dinar”  This article captures most of the upside of having the dinar on par with the dollar. I’ll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country’s economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner.  [post 1 of 3….stay tuned]
______________________________________________________________

U.S.-Iraqi Kurdistan MOU signed with Baghdad’s support and approval

Iraq’s Ministry of Defense on Friday said the Memorandum of Understanding (MOU) that includes provisions of military support to the Peshmerga forces signed between the Kurdistan Regional Government (KRG) and the United States was carried out with and after the approval of the Iraqi central government.

The defense ministry released a statement refuting claims the agreement was signed without Baghdad’s approval and stressing the MOU was meant to support Peshmerga forces with financial and military aid.

The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq’s sovereignty.

“Approval has been obtained from the Iraqi government for the aid for the Peshmerga Forces but the preconditions were indicated by the U.S.,” the statement read…

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

tlm724 (Dinar Guru) –  Here are the statistics I want to share with you all: CIA The World Factbook:  COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD:  Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.

RANK RESERVES OF FOREIGN EXCHANGE AND GOLD: 

37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST  

49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST

Isn’t that pretty ? Iraq has quite a bit more gold and reserves…   [post 2 of 2]
______________________________________________________________

tlm724 (Dinar Guru) –  I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait’s exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar.  The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table.  The overall standard of living still depends on the central government passing major policy reforms and laws…and that too is being addressed, it is just a matter of time.  …I did some research so I could answer that old question:  Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some!  [post 1 of 2….stay tuned]
______________________________________________________________

Bondlady (Dinar Guru) –    Article:  “Exchange rate and disinformation”  Quote:  “Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…”  …this is a good article an could very well mean even better for us than what its saying…the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they’ve done the last few times they’ve been ready to move the dinar rates or do something with the currency…we all know its long over due…this is definitely different than the last 10 plus years…I really do expect things to change in a big way with the new agreements made with talibani…art 140…hcl… several more huge things…I believe we will see those come to light very soon…hang in there every one …its lookin very good for us all imo.
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

______________________________________________________________

Indicative rates – 07.22.2015

http://www.cbi.iq/

______________________________________________________________

A man’s rights rest in three boxes. The ballot box, jury box and the cartridge box. – Frederick Douglass

______________________________________________________________

*** Current News ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/BGG in DU CHAT ROOM – Friday 7:30pm EST

www.DinarUpdates.com – save as favorite!

______________________________________________________________

rcookie (Dinar Guru) –   Article: “Exchange rate and disinformation…Mohammed Sharif Abu Mayssam” Quote:  “…repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar…”   WOW!..A LOT GOING ON HERE!   BRINGING PARALLELS TO FOREIGN RESERVES VALUE RELATIVE TO CURRENT IQD VALUE RATIO…AND WARN OF GUARDING AGAINST THEORIES SUPPORTING THAT AS THE ONLY OR MOST IMPORTANT MARKER…AND GUARD AGAINST OVERVALUING AGAINST CURRENT IMPORT STATUS FOR TRADE CONSIDERATIONS…THAT AUTHOR… MAYSSAM IS A VERY WELL RESPECTED ECONOMIST WRITER FOR ALSABBAH…BUT MANY OF THE POINTS MADE ARE SHARED BY MANY IRAQI ECONOMISTS…
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tlm724 (Dinar Guru) –  “IMF News: Can you explain the significance of maintaining the Iraqi Dinar’s peg to the U.S. dollar?”   “IMF says no reason to devalue Iraqi Dinar“.   I found the direct quote by the IMF mission chief for Iraq Christian Josz on July 14, 2016 on the IMF site…
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Dinar Updates “The After Call – ReDux”!!

“Immediately following News Time!!”
from 7/18 – “After Call” w/Q&A!!

Smart phone user link – Click here

______________________________________________________________

wmawhite (Dinar Guru) –   “IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE…”  This is truly preparing for opening the ISX for international investors.
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rcookie (Dinar Guru) –   “IRAQI STOCK EXCHANGE LOOKING FOR INVESTMENT PROMOTION AFTER DISCUSSING ROLE OF RULES FOR CORPORATE GOVERNANCE…”   “…TO INCREASE FOREIGN INVESTMENT IN ISX AND COMMUNICATING DATA TO MARKETPLACE AND LAUNCHING A REAL TIME ONLINE TRADING PLATFORM…”  THIS IS ABSOLUTELY HUGE…!  DATA SERVICES CENTER FOR DISSEMENATION OF INVESTMENT AWARENESS!…SEC EXPERTS COMING TO TOWN… OPERATIONAL PERFORMANCE OF BANKS…WOW.  DO YOU THINK THAT HAS ANYTHING TO DO WITH THE WORKSHOP ON 26-28 ON ICAAP…IN SYRIA…IT IS ALL COMING TOGETHER FOLKS.
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Delta (Dinar Guru) –   FROM IRAQI TV:  “John Kerry praises at a news conference with Iraqi Prime Minister Haider al-Abadi , but said ” we would like to see some reforms faster .”  EVEN JOHN KERRY WANTS ABADI TO MOVE FASTER. [It’s my understanding that we are sending 500 more troops over there…]  US PRESENT IN IRAQ IS VERY IMPORTANT, ABADI KNOWS THAT. ABADI WILL GET THE REFORM DONE, AND I BELIEVE HE IS WAITING FOR THE RIGHT TIMING…ALSO REMEMBER THE US WILL HELP THEM TO START THE FINANCIAL REFORMS IN THE CBI. IMO STARTNG NEXT WEEK WE SHOULD SEE SOME ACTION TAKING PLACE.
______________________________________________________________

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

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

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

______________________________________________________________

Aggiedad77 (Dinar Guru) –   …some folks are getting anxious for conclusive action…but I for one continue to give Abadi a great deal of credit for the effort and work he has put into Iraq as their leader…Abadi is fighting war on many fronts, not just with DAASH/ISIS, but with major corruption in all areas of Iraq, and especially so with some higher level government officials who do not want to see their little kingdoms broken down, so they fight him every step of the way…he’s still got the likes of Maliki…he has to contend with Iran…all in all he’s doing better than most want to give him credit for…hard-headed, shrewd, and very smart…he is…he now has the resignations of those who may have been pushing against him…and he has the opportunity to insert those technocrats he wanted to start with…Let’s hope they hit the ground running…my opinion about Mosul…it’s coming…and I’m thinking it won’t take until October to start things…in all likelihood things will be done by October…IMO.
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mike (Dinar Guru) –   B- Moody’s credit rating and all the other stuff just screams that Iraq isn’t handling their business right now.  Here’s hoping the IMF leverages the billions they’re giving Iraq to change their ways and move this country forward. No more money unless you conform. Period. At least the plan is still in play, we just need the politicians to…get to work.  [post 2 of 2]
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mike (Dinar Guru) –  Article:  “America Announces more than two billion dollars to collect the donor conference for Iraq”   For years I’ve heard about the vast wealth of Iraq and yet, here we are, throwing donor conferences and raising $2.1 billion dollars for these folks. They’ve already borrowed against their SDR holdings and the IMF is loaning an additional $5.5 billion over the next three years. These guys don’t look so wealthy to me. In fact, they look broke as hell.  It’s clear the interest the US and other western countries show Iraq has nothing to do with making money. It’s more about keeping them from sliding down the slippery slope of corruption and greed and dragging the whole ME down with them.  [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) –     Article:  “LEGAL EXPERT STATES CONSTITUTION DOES NOT ALLOW FOR QUESTIONING OF MINISTERS WHO HAVE HAD RESIGNATIONS ACCEPTED…”   Yep…if you don’t want to be questioned…get the heck out of Dodge…resign.
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rcookie (Dinar Guru) –  Article:  “ABADI ACCEPTED SHARASTINI RESIGNATION TODAY…”   NEWS THAT ABADI WILL BE ADDRESSING REPLACING RESIGNATION POSITIONS NEXT WEEK.  Article:  “LEGAL EXPERT STATES CONSTITUTION DOES NOT ALLOW FOR QUESTIONING OF MINISTERS WHO HAVE HAD RESIGNATIONS ACCEPTED…”  THERE IT IS…SOME UNDERPINNINGS TO THESE 7 RESIGNATIONS IN THE LAST 2 DAYS…IF RESIGNATIONS ACCEPTED …CANT BE QUESTIONED BY PARLIAMENT. 
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Frank26 (Dinar Guru) –     …companies are agreeing with them and signing contracts…  as an international company…we will come in…we will follow all your rules and laws and regulations that you want…with your banks…your currency…your government… your everything…but we want our rate of return to be equal or at least profitable…and at a program rate we would lose money…IMO…the majority of the contracts…are set to expire sometime around October.  The auctions will end…the multi-currency policy will end…and it is ending…The auctions…the multi-currency policy…the MCP…and the rate…increasing must all occur together…And for people who say…I don’t see…advancement…I don’t see anything good going on…are you kidding me.   [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 07-17-16

Currency Auctions Announcement No. 3240

This daily currency auction was held in the Central Bank of Iraq on the 07-17-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Frank26 (Dinar Guru) –    The United Nations did not meet in April or May…it bummed us out because it gave us less hope for…July...but we are excited because the UN is meeting with Iraq now...IMO…they are meeting with Iraq because of what they are doing to remove Article 8…we want to see things faster…but this is a logical approach and…there are a ton of moving parts…and as far as what is going on with the Iraqi Stock Exchange and the IEX…there are things that are going on with currencies that we don’t need to talk about…Why would a company sign with Iraq if they didn’t think they were going to get their rate of return back…   [post 1 of 2….stay tuned]
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Islandg1211 (Dinar Guru) –   …while the 2nd HALF of 2016 (and into the next 3 years) is for the RECONSTRUCTION PHASE – the SBA/Marshall Plan, and for liberating Mosul.  IMO, the PLAN IS TO RV AFTER THE WAR PHASE to kick off the RECONSTRUCTION PHASE… When this plan for the Monetary Reform, the commitment to liberate Mosul, and the multi-year reconstruction was outlined, the RV WAS INCLUDED. But, the GOI has been non-effective for the entire 1st half of the year.  THEY STILL NEED TO PASS THE INVESTMENT LAW AMENDMENT. THIS NEW JUNE LOI STATES THAT “AS A FIRST STEP” THE INVESTMENT LAW WILL BE INTRODUCED BY THE COM. The Anti-Money Laundering Law needs some additions that the IMF wants to see as well.  [post 2 of 2]
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Islandg1211 (Dinar Guru) –  WHY DID WE NOT SEE THE RV “BY MID-YEAR”?  NONE OF THE REFORMS that had been planned got done in the first half of the year.  PRESUMABLY, THE RV IS VERY MUCH A PART OF THE PLAN FOR THIS YEAR IN ORDER TO ADDED VALUE AND HELP WITH THE RECONSTRUCTION OF IRAQ IN ADDITION TO ALL THESE LOANS AND GRANTS.  THE GOI STILL NEEDS TO PASS THE INVESTMENT LAW AMENDMENT.  I’m still encouraged that the Monetary Reform is, in fact, being planned by the U.S./IMF with coordination with other countries, the World Bank, and the UN.  A lot of money is expected to pour into Iraq such as: IMF loans, WB aid, UN aid, Other countries’ aid, Private sector loans, Bond sales, Deferred Paris Debt.   ALL OF THIS MONEY POURING INTO IRAQ IS UNPRECEDENTED.   …the 1st HALF of 2016 was getting Iraq (mostly the CBI) in position to receive these LOANS FOR THE RV…  [post 1 of 2….stay tuned]
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Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):…

Read More: www.dinarupdates.com/blog/
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Adam Montana (Dinar Guru) –    Iraqi Parliament does have an influence. The governing bodies in Baghdad and Erbil, the powerful Shiites and Sunnis, and the elected officials that you hear about – they have an influence. Their specific influence, at this time, is regarding the progress of the HCL. We expect to hear that news very soon. But at the end of the day, not one of them can do what the CBI can do… the CBI is the only thing that can change the rate. That’s where we are…Final thought….GO HCL!   [post 3 of 3]
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Adam Montana (Dinar Guru) –    When it comes time to RV, Iraq itself isn’t even the controlling factor. Parliament is not the controlling factor. Abadi is not the one that will “push the button”, nor will Shabibi or the IMF. In fact...an article earlier…shows exactly how little the IMF has to do with anything… they are more and more becoming a useless organization with no more actual influence over the rate of the dinar than the UN has over North Korea. The controlling entity is, and always will be, the CBI – Central Bank of Iraq. And the reason why is extremely simple – because THEY are the ones that regulate and operate the auctions, which is where the rate is set.  That’s it. End of story.   [post 2 of 3….stay tuned]
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Adam Montana (Dinar Guru) –    As of today, we do not have an RV.  I believe that’s because we don’t have an HCL, but this isn’t an entirely bad thing. I say that specifically because there is no reason to believe the HCL will not go through… it’s just not happening as fast as we want. Since we can’t control the HCL, or the rate of the IQD for that matter, let’s focus for a minute on something that we CAN explain… “Who, or what, exactly, controls the rate of the IQD?”   In the past, there have been a lot of questions about who controls the rate, what entities can influence an RV, does X or Y or Z have to approve, and so on. Let’s break this down, and we will all walk away better educated!  [post 1 of 3….stay tuned]
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If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

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Indicative rates – 07.20.2015

http://www.cbi.iq/

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The greatest remedy for anger is delay. – Thomas Paine

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*** Current News ***

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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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wmawhite (Dinar Guru) –  Citibank stated that it is working with the Trade Bank of Iraq to remove the obstacles to the Iraq currency to move freely around the global.
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rcookie (Dinar Guru) –   […isn’t this one big puzzle that corruption has to be stabilized to enhance these investments and protect the investor.]  CORRUPTION IS BEING STABILIZED ON A DAILY BASIS WITH THE ASSISTANCE OF EVERY WORLD AGENCY IMAGINABLE…UST…UN…WB…IMF AND THEIR OWN INVESTIGATIVE AGENCIES.
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Frank26 (Dinar Guru) –   Jubouri fired a bunch of ministers…and those seats have to be filled…that way you are compliant with Article 8… yes you are becoming Article 8 compliant…is it in effect…no…because the UN still has not removed Article 8…and also because the UN is just now meeting…and in all honesty you know it is going to take them a month to deal with these meetings…I’m not looking at September…I’m looking at October…they are doing all of the things really fast…so…IOO…we have calculated into September/October.   [post 2 of 2]
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Dinar Updates “The After Call – ReDux”!!

“Immediately following News Time!!”
from 7/18 – “After Call” w/Q&A!!

Smart phone user link – Click here

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Frank26 (Dinar Guru) –   IMO….I feel that we are very close…IMO there are some things being done right now…not only with the Iraqi dinar but with many currencies around the world…  I don’t think the topics or subjects that are being dealt with right now with currencies around the world is something we should get deep into…I don’t.  If we truly are…this close to the fire…don’t get so close that you burn yourself…observe it from a distance and prepare yourself to deal with that fire.    [post 1 of 2….stay tuned]
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Bondlady (Dinar Guru) –    Article:  “Nouri al-Maliki met the Kurdish politicians in Sulaymaniyah”  Quote:  “In a visit to the opponents of Massoud Barzani, the Kurdish politicians in Iraq, met Monday July 18th president of a coalition of state law, Nuri al-Maliki…”  this…was a super important meeting between the 2 largest blocks in parliament…they are also friends and have been for years, or at the very least political friends and yes allies …these 2 agreed on many many things in the past…it was called the erbril agreement…now that the union between kurds an erbril has been signed theres gonna be a lot of coming together instead of always throwing wrenches in the mix...this union makes majority things happen and forces blocks to make concessions, FOR THE BETTERMENT OF THE COUNTRY…this was the push they needed to…come together as a team…im really looking forward to seeing them finally getting there shxx together and I believe we will see all the laws needed to be passed come to light…huge big laws and enactments…
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rcookie (Dinar Guru) –   Article:  “World Bank and Government of Japan to Promote Inclusive Growth and Private Sector Development in Iraq”    THIS DIRECTLY FROM WORLD BANK WEBSITE…SO…WORLD BANK AND GOVERNMENT OF JAPAN ANNOUNCING SERIES OF 4 NEW GRANTS FROM JAPAN OF $2.1 MILLION TO SUPPORT IRAQS DEVELOPMENT & REFORM PROGRAMS TO ENHANCE INSTITUTIONAL EFFICIENCY AND PROMOTE GROWTH…HMMMM SOUNDS LIKE INSTITUTIONAL STABILITY.  WOW!
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Be sure to join the New Dinar Updates “private” FaceBook Group…

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

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

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tlm724 (Dinar Guru) –   Article:  “Kurdish lawmaker: redraft the constitution of the new needs to be a political consensus”   Quote:  “…the main components in Iraq, despite the installation of their rights in the Constitution but did not get them, referring to Article 140 of the Constitution…”   he is right, they never finished what they started with article 140.   …the gist of the whole thing…the disputed territories…without a resolution things will never get settled and run smoothly…having said that I do believe they are on the right track and trying to get and keep it together…
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wmawhite (Dinar Guru) –   Article quote:  “NATIONAL COALITION TO HOLD REGULAR MEETING TO DISCUSS REGIONAL & NATIONAL DEVELOPMENTS…”   Iraq is beginning to pull together the “REGION”…The regional business leaders see what is happening.
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rcookie (Dinar Guru) –   Article quote:  “CITIZEN BLOC REP SHAWKI REVEALS NAMES OF 19 MP’S FOR REMOVAL OF IMMUNITY IN PREVIOUS SESSION WITH 3 REMAINING NEEDED FOR CURRENT SESSION DUE TO VIOLATION OF ABSENCES RULES…”  WE HAVE HEARD A LOT ABOUT THIS IN LAST WEEK OR SO…JABOURI IN HOT PURSUIT OF MP’S IN VIOLATION OF ABSENCE LIMITS…16 FROM PREVIOUS SESSION…3 CURRENT…HOLDING FEET TO THE FIRE OF HIGHER STANDARDS… INSTITUTIONAL STABILITY….
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Iraqi Dinar/Dollar auction (most recent listing) 07-20-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-20-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) –   Article quote:  “PARLIAMENT CALLS FOR NAMES SUBMITTED FOR COMMITTEE SELECTION TO AMEND THE IRAQI CONSTITUTION AND SUBMIT PROPOSAL FOR PUBLIC REFERENDUM...”    THIS IS HUGE AS UNDERPINNINGS FOR LAWS THAT REQUIRE CONSTITUTIONAL AMENDMENT ALREADY UNDER WAY!  THIS COMMITTEE WILL BE CHARGED WITH CHANGING IRAQI CONSTITUTION IN REGARDS TO SOME LAWS TO BE AMENDED…AND PUT TO PUBLIC REFERENDUM.
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wmawhite (Dinar Guru) –     [with them entering the world heritage lists. what are your thoughts on the these new commemorative bank notes?]   Still…commemorative notes of a currency that is got used by its own country in paying its own bills?  This came about after the parliament and the GOI ratified the United Nations Educational, Scientific and Cultural Organization “UNESCO” requirements. Iraq then requested for the inclusion of the ancient cities and the marshes in the south to be placed on the World Heritage List.  This is the action of a country that believes it has a future and it wants its heritage recognized as well as protected. Good for them.
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rcookie (Dinar Guru) –   Article quote:  “PALIAMENT LEGAL COMMITTEE ANNOUNCES FEDERAL COURT LEGAL INCLUSION FOR PUBLIC VOTE ON GENERAL AMNESTY LAW NEXT WEEK AND JABOURI TO PUBLISH NAMES OF DEPUTIES WHO REFUSE TO VOTE WHILE DECLARING NATIONAL GUARD LAW NOT READY AT THIS TIME WITH MAJOR DIFFERENCES…”   WOW SO YOU HAVE IN INK AMNESTY AND FED COURT READY AND DELAY ON NAT GUARD…WHICH WILL NOT HAPPEN…
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Iraqi Dinar/Dollar auction (most recent listing) 07-17-16

Currency Auctions Announcement No. 3240

This daily currency auction was held in the Central Bank of Iraq on the 07-17-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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tlm724 (Dinar Guru) –   Article:  “Central bank: issuing banknotes commemorate the annexation of the marshes of the World Heritage List”   Quote:  “Central Bank of Iraq , congratulated the Iraqi people on the occasion of the inclusion of the marshes and archaeological sites in Iraq as part of the World Heritage list.”    thats how important this is! The CBI is going to introduce a commemorative banknote to commemorate this important event and you can bet I will get a few of them…
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Bondlady (Dinar Guru) –   Article:  “The Iraqi opposition is preparing for the establishment of the International Trade Fair”   imo, the world is really really opening its eyes and minds of the huge investment potentials to be had in Iraq,   …the marshes being protected by the world now will help security and also cuts down on countries holding Iraq water hostage, ((neighboring country fights where waters concerned)) which harms the marshes, and supports stability in many areas in Iraq…awesome Iraq keep moving forward.
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Aggiedad77 (Dinar Guru) –    Article:  “THE WORLD BANK AND THE GOVERNMENT OF JAPAN TO BOOST INCLUSIVE GROWTH AND DEVELOPMENT OF THE PRIVATE SECTOR IN IRAQ”  Keep in mind…that this money spoken of here is completely different than the “loans” the IMF has provided to Iraq…and in much of the situations where this arm of the WB is involved…this money does not require payback…but…the WB is getting involved to provide oversight on how the money will be used, where it will be used, and what programs get earmarked for it…can you say “ORGANIZATION”.  That is a good thing…these private sector entities are being pulled together and targeted for funds and assistance in a way that will promote “reforms” and the “private sector” for Iraq…more of the progress we want and need to see for them.
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Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):…

Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –   [...I thought that parliament was working all week to finish up 70 laws?   Is the statement about them coming back next week wrong…?]  THEY ARE WORKING ALL WEEK...THEY VOTED ON 3 AND READ 3 TODAY IN ADDITION TO CLOSED COMMITTEE MEETING OF KARRADA BOMBING INVESTIGATION AND COMPENSATION AND CARE OF VICTIMS TREATMENT IN TEHRAN…BY ALL REPORTS THE AMNESTY LAW HAS BEEN REVISED AND READIED FOR VOTE…
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Frank26 (Dinar Guru) –   [At first I was a little excited about “give me Mosul” and then things move quickly. Now its forget Mosul cos we’re not looking for that anymore. Yes, we have made great strides this year with their accomplishments but i can’t help but stop getting excited when i see you excited.]  For me to say we no longer need the liberalization of Mosul because we have it And upgrade it with we NOW seek the removal of the Program Rate…Leaves You depressed … Is confusing to my comprehension of an amazing progress.  One final thing …My Excitement is Serious.
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Aggiedad77 (Dinar Guru) –     Article:  “Distribution of financial grants to displaced families in Babylon”   I’m surmising here that the “instrument” for distribution of these funds to the families is likely some kind of card…electronic card…for protection of all involved…another positive sign of good things already in the works…patience…the BEST is yet to come.
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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…

Mrs. BGG

______________________________________________________________

http://www.cbi.iq/

Indicative rates – 07.18.2015

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Small minded people believe you are rejecting morality when you reject their visions of morality. – Will Spencer

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*** Current News ***

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Frank26 (Dinar Guru) –   [At first I was a little excited about “give me Mosul” and then things move quickly. Now its forget Mosul cos we’re not looking for that anymore. Yes, we have made great strides this year with their accomplishments but i can’t help but stop getting excited when i see you excited.]  For me to say we no longer need the liberalization of Mosul because we have it And upgrade it with we NOW seek the removal of the Program Rate…Leaves You depressed … Is confusing to my comprehension of an amazing progress.  One final thing …My Excitement is Serious.
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Aggiedad77 (Dinar Guru) –     Article:  “Distribution of financial grants to displaced families in Babylon”   I’m surmising here that the “instrument” for distribution of these funds to the families is likely some kind of card…electronic card…for protection of all involved…another positive sign of good things already in the works…patience…the BEST is yet to come.
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Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie and Mr White in DU CHAT ROOM – Monday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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wmawhite (Dinar Guru) –   …Maliki still leads a political bloc, all though a minor bloc. Think of a political bloc as an union. A political union within the Iraqi Parliament. If you understand this, it is very understandable that the head of a bloc/union will always be negotiating with other political blocs as well as their leaders.  This is life…it is the way their political life runs from day to day.
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Aggiedad77 (Dinar Guru) –   Article:  “Water Resources: join the marshes World Heritage upstream countries will be required to secure its share of water”  [Being included on this list assures UN protection of Iraq’s water supply from neighboring countries upstream … no one can threaten them using the water as a weapon without having to face UN intervention … a sense of security IMO.]  I so agree with your comment…this is an extraordinary move on Iraq’s part…not only to preserve its marshlands but also something that …will become very near and dear to Iraq and all of the Middle East…water…an important commodity in a desert land of vast magnitude…this will pay dividends to the Iraqi’s in the future…IMO…why is this important…it shows that Iraq is looking ahead to what they hope to be a bright future for them and they want to be that “oasis” that brings people together…IMO.
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mike (Dinar Guru) –   Article:  “Urgent calls Jubouri blocs to nominate names for the formation of a committee to amend constitution”   Great, another committee formed to tackle what? The constitution of Iraq. I was hoping Iraq would deal with the immediate issues instead of tackling such a huge task. These guys can’t agree on the small stuff, how in the world do they think they’re going to achieve quorum on something as big as the constitution? 
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Dinar Updates “The After Call” – LIVE!!

“Immediately following News Time!!”
7/18 – LIVE CALL w/Q&A!!

from 7/13 – Smart phone user link – Click here

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rcookie (Dinar Guru) –   PARLIAMENT TODAY…VOTED IN PRESENCE OF 236 DEPUTIES…SALE & LEASE OF STATE PROPERTY LAW NO. 21 (2013)  AS WELL AS PLANNING FOR COMMITTEE TO AMEND CONSTITUTION…1ST READING ON 5 BILLS AS WELL AS DISCUSSION TO LIFT IMMUNITY FOR 9 MP’S…17 TOTAL MP’S BUT 8 HAVE RETIRED AND NO LONGER HAVE IMMUNITY…LEGAL AFFAIRS COMMITTEE WILL DECIDE WITHIN 2 WEEKS…AS WELL AS PURSUIT TO DISMISS MP’S WHO HAVE EXCEEDED ABSENTEE THRESHOLD…ABSOLUTELY HUGE LEGISLATIVE DAY…AND SETTING UP WHAT LOOKS TO BE HUGE LEGISLATIVE WEEK AND SESSION TERM…
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wmawhite (Dinar Guru) –   [What would they need to safeguard and protect if they were just going to stay at 1166. Or not enter the global economy?  1166 is there current safeguard.]  Very good point…one of the current safeguards is the lack of value.  Banks outside of Iraq is no upside to accept (exchanging and holding) the IQD because of its value. In other words, they do not see it as an asset to hold. So, as…you ask, what is there to safeguard?    unless…?
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rcookie (Dinar Guru) –   Article:  “Jabouri to calls for the nomination of the names of the committee to amend the constitution within one week”  THIS IS HUGE…THE TABLE IS SET AND GROUNDWORK LAID FOR THE COMMITTEE TO OVERSEE CHANGES TO IRAQI CONSTITUTION THAT ARE ON TABLE AND CUED UP…  CONSTITUTIONAL AMENDMENT AND REVIEW COMMITTEE NAMED TODAY…THEY HAVE SET THE TABLE FOR THE PARLIAMENT TO GET DONE WHAT THEY NEED TO…70 PLUS LAWS ON TABLE…INCLUDING ONES THAT INVOLVE CONSTITUTIONAL AMENDMENT…
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Iraqi Dinar/Dollar auction (most recent listing) 07-17-16

Currency Auctions Announcement No. 3240

This daily currency auction was held in the Central Bank of Iraq on the 07-17-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Mountainman (Dinar Guru) –   REMEMBER Sept 2,2016 is The NEW DIGITAL PLATFORM for NEW VALUES…OCT 1, 2016 is the NEW FISCAL YEAR and MANY Countries will and have been in the FINAL PUSH to Make Necessary Deals in ORDER to Settle DEBTS in the CURRENT FIAT SYSTEM…Don’t FORGET (OIL) will Be SETTLING SDR ACCOUNTS in OCTOBER as Well…
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Backdoc (Dinar Guru) –   HOWEVER, THE IMF DIDN’T SAY THAT THEY WOULD SHOW US THE RATE THEN.  IN MY OPINION, THIS TRANSITION BETWEEN THE TWO REALITIES NEEDS TO HAPPEN IN ORDER TO SEE A RATE.  BE ENCOURAGED THAT THE ANNOUNCEMENT OF THIS IEX SYSTEM COULD BE MOVED UP AT ANY TIME!  THEREFORE, NOBODY CAN PICK A DATE.  MY CURRENT STUDY BEGINS ON SEPTEMBER 2ND (UNLESS THAT ANNOUNCEMENT CHANGES) AND ENDS IN MID OCTOBER FOR MANY REASONS!  ALL OF COURSE IS JUST MY OPINION AND NOT INTENDED TO OFFEND ANYONE ELSE’S OPINIONS.  [post 2 of 2]
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Backdoc (Dinar Guru) –   …CURRENTLY THE IEX WHICH IS WHERE ALL ASSET BACKED DIGITAL CURRENCIES WILL BE TRADED DOES NOT FORMALLY EXIST TO THE PUBLIC UNTIL SEPTEMBER 2ND!  IF IRAQ WERE TO LAUNCH A RATE AT THIS TIME, THE ONLY PLACE IT COULD SHOW IS ON THE CBI WEBSITE, NOT ON THE FOREX, BECAUSE IRAQ IS ASSET BACKED AND THE FOREX ISN’T!  HOW WOULD THE PUBLIC TRADE ITS CURRENCY GLOBALLY WHEN THE SYSTEM TO TRADE IT DOESN’T FORMALLY EVEN EXIST UNTIL SEPTEMBER 2ND?  REALIZE THAT THE IMF TOLD US THAT ALL WOULD BE DONE BY MID YEAR, RIGHT?  RIGHT!  IN MY OPINION, IRAQ DID GET THINGS DONE, OTHERWISE THE IMF WOULD NOT HAVE GIVEN THEM THE LOAN.  [post 1 of 2….stay tuned]
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Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key
priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF  (photo: Sabah Arar/REX/Newscom)

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

• Iraqi economy faces double shock of lower oil prices, rising security challenges
• IMF loan supports Iraqi government’s economic reform program, ensures debt sustainability
• Program includes measures to protect the poor, curb corruption

The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability…

Read More: www.dinarupdates.com/blog/
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Islandg1211 (Dinar Guru) –   So, according to the LOI, the RV should be after the Investment Law is passed and before the end of the year.  I think it’s important that everyone understand that we should watch for the Investment Law, not worry about the GOI delaying this too much longer, and that YES, this RV is still being planned for before the end of the year.  Mosul as well is a go now that the agreement is made with Barzani. Abadi now is talking about Political reform being put off for now until after Mosul and after the RV.   [post 3 of 3]
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Islandg1211 (Dinar Guru) –   The LOI states that’s there’s a loophole clause within Iraq that if the oil price is different from the budgeted price, then the Budget can be cut without another vote. So, the IMF settled that one too. The Budget was cut…to 85%.  I just gave two examples of the IMF using this LOI to get around the GOI. Well done IMF. What a difference this year is to previous years. The IMF has a plan. So the RV will come AFTER the Investment Law but BEFORE the crackdown on proving why you need USDs. The LOI states that the CBI will only have weekly auctions and will require proof of why USD is needed “by the end of the year.”  [post 2 of 3….stay tuned]
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Islandg1211 (Dinar Guru) –   The June 2016 LOI with the IMF states that the CBI should stop the MCP and work towards Article VIII compliance and that they should first pass the Investment Law.  So, when will we see the RV?  (IMO) WE WILL NOT SEE THE RV BEFORE THE INVESTMENT LAW.  It’s plain as day in Article A 14 of the June IMF LOI.  Like me, you, and everybody, the IMF was concerned that the Monetary Reforms could get bottle necked in the GOI should politics decide to either hold it hostage or simple just stall. So, the IMF stated in the LOI that the COM could introduce the Investment Law OR the CBI could make new regulations that cover the same points. Don’t you love that word “OR”!!! Clever of the IMF. This will probably lead to the actual passing of the Investment within the GOI since they know they can’t delay or stop it.   [post 1 of 3….stay tuned]
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Upgrading of Iraqi currency “dinar plastic (polymer)” Re-evaluate the value of the dinar

Upgrading of Iraqi currency dinar plastic polymer– Dinar plastic (polymer)

– Restructuring of the Iraqi currency

Re-evaluate the value of the dinar

– Iraqi dinar (polymer):…

Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –   […does anyone know what we would like to see happen with Turkey… to help with our investment…Who do we want in control of Turkey?]  Personally – one way or the other, I don’t think it matters that much…  [you do not think what happen over turkey will cause a problem with our investment…?]   I do not.
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rcookie (Dinar Guru) –   Article  “Jubouri: 70 laws will be presented at future meetings .. and near terminate the membership of absentees”   SO… JABOURI TELLING US MORE THAN 70 LAWS CUED UP AND READY FOR VOTE.  YOU THINK PARLIAMENT IS GOING TO BE BUSY THIS WEEK.
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rcookie (Dinar Guru) –    THINK ABOUT THIS RELEVANT TO WHAT WE HAVE IN THE RECENT 2 WEEKS REGARDING THE FOCUS ON RESTRUCTURING CAPITALIZATION WITHIN BANKING SECTOR TO THE TUNE OF 200-400% IN BANKS OF ALL SIZES…NOW…NOT TO BEAT A DEAD HORSE…BUT…AGAIN…THE RECRUITMENT… ACQUISITION AND RETENTION OF FOREIGN INVESTMENT AND BUSINESS INTO IRAQ WAS POSSIBLE WITHOUT THESE TYPES OF FINANCIAL AND ECONOMIC UNDERPINNINGS…1 YEAR…3 YEARS…5 YEARS AGO EXACTLY HOW…JUST A HINT…THEY WERENT…NOT EVER…EVER…EVER…   [post 2 of 2]
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ECONOMIC ADVISER TO EBADI – INTERNATIONAL FUND APPROVES STANDBY CREDIT AGREEMENT WITH IRAQ

BAGHDAD / IBN – Economic Adviser to the President of the Council of Ministers confirmed the appearance of Mohammed Saleh, “The Executive Board of the International Fund approved a standby credit with Iraq on 7 July of the current agreement.

Saleh said on Thursday, in a statement to the Iraqi network transmitter (IBN) “The fund was launched in the history of 12 of July of this batch of the loan allocated for Iraq and the $ 634 million out of the total amount of 5.3 billion dollars.”…

Read More: www.dinarupdates.com/blog/
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rcookie (Dinar Guru) –   Article quote:  “The workshop aims to identify the credit risk mitigation, and understand how banks calculate the capital to be allocated to address market risks, and how to calculate standard techniques LCR and NSFR liquidity by the Basel III requirements, as well as understand how conduct stress tests for all types of risk.”    SO THIS BASEL III WORKSHOP IS BEING HELD IN SYRIA JULY 25TH-28TH…THAT COVERS THE MEASUREMENT… MONITORING AND MANAGEMENT OF RISK SYSTEMS IN ACCORDANCE WITH BASEL III REQUIREMENTS RIGHT DOWN TO PRESSURE TESTING SYSTEMS…AND CAPITAL ADEQUACY RATIOS AND WEIGHTING SYSTEMS TO CREDIT RISKS WITHIN THEIR MARKETS WITH ICAAP STANDARDS (INTERNATIONAL CAPITAL ASSET ASSESMENT PROCESSES)…  [post 1 of 2….stay tuned]
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tlm724 (Dinar Guru) –   Article:  “Iraq moves to Turkey after refusing inclusion of the marshes in the World Heritage List” …it looks like France, Turkey and Iran had objections to the Iraqi marshes being included on the list.  France looks like they may be ok with it and they can negotiate with Iran but Turkey is gonna be a problem…first off as we all know Turkey is in a bad way as of today, too much uncertainty and its a power thing with this water.  [Guru] BondLady explained in a desert region water is like gold and Turkey controls the spigot that lets water flow to Iraq.  I pray they can work this out! The marshes are critical to civilization and must be preserved and nurtured.
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wmawhite (Dinar Guru) –    bottom line is; look around the region and ask …”when Iraq is compared to the other countries and their GDP is the true value of Iraq reflected in their currency at $0.00086?” Simply; No. And this is why Iraq does not use it and that there are obstacles preventing it from being used as Citibank stated. IMO, when those obstacles are removed and the movement of the IQD is freed, IMO the CBI will move the value of the IQD to reflect its true value.
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mike (Dinar Guru) –   Article:  “Moody’s credit rating: Iraq’s agreement with the International Monetary Fund will reduce its budget problems”   I think Iraq has a ways to go to improve their credit rating with Moody’s.  What is a ‘Sovereign Credit Rating’:   “A sovereign credit rating is the credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks. At the request of the country, a credit rating agency will evaluate the country’s economic and political environment to determine a representative credit rating. Obtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets.”  While I do believe things are and will get better in Iraq, they have to get Parliament to a functional state passing the needed legislation for economic advancement and political cohesion. Making payments to the Paris Club and the Kuwaiti’s would also be a good thing.
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tlm724 (Dinar Guru) –   Article quote:  “The illegal border crossings and projects revenue project Sakona most prominent on the agenda of the Commission’s new legislative term.”  yep they gotta secure those borders, stop illegal crossing and collect tariffs!   It’s all part of the security and revenue plan and is part of the security Shabibi said was needed…wink!
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Poppy3 (Dinar Guru) –    …ALL THE NEWS IN THE WORLD ABOUT POLITICS IN IRAQ NEVER HELP ANY OF US GET CLOSER TO THE REAL RV.  I BEEN AT THIS LONGER THAN MOST AND I ASSURE YOU THE NEWS GETS US NO CLOSER TO ANYTHING…ONLY ACTIONS ON THE NEWS IS WHAT COUNTS.   90% OF THE NEWS WAS NEVER ACTED ON TILL HERE IN THE LAST FEW MONTHS BUT FOLLOW THE ACTIONS AND YOU’LL HAVE A REASONABLE IDEA ABOUT THE REST OF OUR WAIT. 
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www.DinarUpdates.com

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

Word for the day…

Mrs. BGG

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Indicative rates – 07.17.2015

http://www.cbi.iq/

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Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you. – Pericles (430 B.C)

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wmawhite (Dinar Guru) –   [What would they need to safeguard and protect if they were just going to stay at 1166. Or not enter the global economy?  1166 is there current safeguard.]  Very good point…one of the current safeguards is the lack of value.  Banks outside of Iraq is no upside to accept (exchanging and holding) the IQD because of its value. In other words, they do not see it as an asset to hold. So, as…you ask, what is there to safeguard?    unless…?
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