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

Word for the day…

John 14:13 (NKJV)

3 And whatever you ask in My name, that I will do, that the Father may be glorified in the Son.

Heavenly Father, Thank You that You are Love! Thank you for the privilege to bring our requests before you that You will be glorified in the Son. In Jesus Name, Amen.

Mrs. BGG

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CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.23.2015

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Truth is incontrovertible. Panic may resent it, ignorance may deride it, malice may distort it, but there it is. – Winston Churchill

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*** Current Posts ***

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Poppy3 – Shell Oil profits plunge by 50%! Not a single stock in German and French stock markets is up! ALL MARKETS are down and now declared officially as bear markets! Axel Weber at UBS states that China has “plenty of ammunition” to weather this financial storm! US treasuries are down across the board. This massive “global deflation” has no bottom and THIS the MAIN topic at Davos! Some analysts believe China needs to devalue the yuan by 50%! Again, Weber says China is doing the right things! So, what does it all mean?  There is a MASSIVE SQUEEZE on to bring you an RV!
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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 – WTO STATUS TAKES 90 DAYS IN TOTAL!   IF THEY HIDE THE FIRST 60 DAYS THEY STILL HAVE TO GIVE A 30 NOTICE.   IF THEY MADE THE DECISION IN MAY AND INDUCT IN JUNE DO THE MOONWALK FROM MAY!  A COUNTRY HAS TO HAVE INTERNATIONAL CURRENCY STATUS FOR 90 DAYS AS I UNDERSTAND IT SO WHAT THIS ARTICLE SAYS WITH IRAN PUTS US IN THE FEBRUARY, MARCH RANGE RIGHT?   [post 2 of 2]
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Backdoc – Article quote:  “Iran is set to re-engage with the banking world within weeks as international lenders link up with their Iranian counterparts using global transaction network SWIFT, Iran’s Middle East Bank and a senior central bank official told Reuters on Friday.”   OUR EYES WATCH IRAN BECAUSE THAT IS WHAT TELLS US WHAT WE NEED TO KNOW ABOUT IRAQ!   …THIS ARTICLE SAYS IT WILL BE 2 TO 4 WEEKS TO RE-ENGAGE INTO THE WORLD SYSTEM!  ...THEY JUST TOLD US THEY WOULD NOT LAUNCH THEIR RATE WITHOUT IRAQ BECAUSE IT WILL CREATE TRADE IMBALANCES WHICH OF COURSE IT WOULD!   [post 1 of 1….stay tuned]
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tman23 – What we know for a fact is they NEED to move into MARKET ECONOMY MODE like yesterday.  AND what we know is that the discussion always included the necessity to lift the 3 zeros when opening it up for international trade… And so we 100% believe the lift the zeros is in affect starting the first of this year…We just have not seen the numbers accounting yet… That being said…they are/have lifted the 3 zeros…and we wait to see how that affects the currency we hold…Any 3.22 etc…is pure speculation…
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/22 – 8:30pm CST

Smart phone user link – Click here

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Poppy3 – with THE OIL PRICE DOWN IS IN OUR FAVOR — MEANS TO MEET BUDGET OR JUST TO REDUCE THE DEFICIT THEY WILL HAVE A MUCH HIGHER RATE FOR THE DINAR.  WITH OIL DOWN THEY MUST COMMIT MORE GOLD TO RESERVES OR RAISE THE RATE OF DINAR HIGHER THEN THEY WOULD HAVE IF OIL WAS STILL UP?   ALL WE NEED IS THEM TO TAKE INEVITABLE ACTIONS THEY KNOW THEY HAVE TO DO.
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tman23 – …regarding the 2016 Budget…When the Kurds receive payment from the Finance Minister for 17% of the budget for the month of…then it is in effect…AND if it were in effect right now…Then the federal government is in breach of payment again for January…it is NOT and HAS NOT been in front of the CoM for implementation instructions yet...Council of Ministers meets every Tuesday… We will see this action take place in a CoM meeting …I GUARANTEE IT!
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rcookie – [did the budget actually get into the gazzette?] YES IT SURE DID…AND ALREADY MANY PARTS BEING IMPLEMENTED…   [Past Budgets, after being published in the Gazette…took around 4-6 weeks where the Budget was brought out in the Council of Ministers meeting for “implementation and distribution” instructions…This 2016 Budget will be no different…]   THE DIFFERENCE IS THAT THIS BUDGET ACTIVATION… ALONG WITH TRANSFER OF POWERS AT THE PROVINCES RECEIVE THEIR INDIVIDUAL DISBURSEMENTS & ALLOCATIONS…IS BEING OVERSEEN & MONITORED BY IMF…WB…& UNITED NATIONS TEAMS…THE CONTRACTS WITH GE…BOEING…INTERNAL BONDS HAVE ALREADY BEEN EXECUTED…. SALES…CUSTOMS TARIFFS…
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Follow us on twitter @DinarUpdates !!

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

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

Backdoc – IRAQ AND IRAN WILL GO TOGETHER AND THAT’S THEIR WORDS NOW NOT MINE…COULD THERE BE MORE TO THE DEAL? AHHHH YAAAAA…HOW ABOUT WTO? REALIZE THE WTO INDUCTS ONCE PER YEAR IN JUNE!  THEY MAKE THE DECISION IN MAY!    IT TAKES 90 DAYS TO COMPLETE THE PROCESS, SO JUST SIMPLY MOON WALK 3 MONTHS FROM MAY!   AS I READ 60 DAYS OF THE 90 DAYS CAN BE COMPLETED THROUGH PARLIAMENT PRIOR, POSSIBLY SECRETLY, NOT SURE!  BUT, THERE NEEDS TO BE GIVEN 30 DAYS NOTICE EVEN IF ALL IS DONE PRIOR TO INDUCTION. SO WE HAVE SOME INTERESTING CLUES TO CHECK OUT GOING FORWARD FOR SURE!  IMO.
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Mnt Goat – ...just this week we witnessed a news brief by the IMF on the SMP and then we read about more February timelines / deadlines for Iraq to accomplish certain goals related to currency reform. This was all excellent news and now we wait and watch to see their next move. This is all we can do and so speculation…will not make the RV happen any sooner.   In fact it is not even about the RV but rather getting their currency back online so Iraq can easily and efficiently trade with the rest of the world.  …my contact in the CBI was trying to tell me…to be aware of any news related to currency reform. This statement in itself was telling me we are not that far from the RV.  [post 2 of 2]
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Mnt Goat – I want to… caution all of you not to stake timelines of an RV based on the publishing of the 2016 budget or any future budget in the official gazette. I know darn well not to expect an RV today or anytime within the next couple weeks, at least. This is not an opinion I bring but a FACT.   But there is lots of news coming out about the necessity to do something with the value of the dinar against the US dollar.  Since late October it is common conversation by Iraqi economists to put pressure on the GOI and the CBI to do something to raise the value of the dinar. We know that the dinar must go international if they are to be as diversified as they claim the need to move towards in their economy to get over this economic crisis. But it is not as simple as just “pulling the trigger” on the RV to correct the situation. No matter how hard Iraq wants the RV they will not be allowed to do it until they are fully ready.   [post 1 of 2….stay tuned]
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rcookie – 1ST ON MONDAY WE HAVE ANNOUNCEMENT OF CUSTOMS & TARIFFS LAUNCHED IN ALL PROVINCES… IN ACCORDANCE WITH ARTICLE 24 (A,B,C) OF 2016 BUDGET…THEN YESTERDAY WE SEE THAT GENERAL ELECTRIC IS ANNOUNCED AS PRIMARY AGENT FOR ELECTRIC PLANTS & MAINTENANCE IN ENTIRE COUNTRY AS GUARANTEED ALLOCATION IN ARTICLE 31 OF 2016 BUDGET…THEN WE SEE THE ANNOUNCEMENT OF FOREIGN INVESTMENT TOWARD PRIVATIZING IRAQI AIRWAYS AND RE-OPENING OF EUROPEAN FLIGHT SCHEDULES FROM IRAQ AND MASSIVE EXPANSION PLANS WHICH WILL ALSO BE SUPPORTED BY GUARANTEED ALLOCATIONS IN ARTICLE 31 OF 2016 BUDGET…THEN FINALLY TODAY WE SEE ANNOUNCEMENT THAT FOR 1ST TIME SINCE 2003…IRAQ SELLS BONDS TO LOCAL CITIZENS… TOTALING 5 TRILLION DINARS THIS YEAR…3 YEAR TERM..10% INTEREST…HAVING ALREADY ISSUED TO LOCAL BANKS…AS OUTLINED IN 2016 BUDGET (CHAPTER II..ARTICLE 2.. SECTION B..PAGE 10) WOW…THIS ALL DONE AND BUDGET INK IN GAZETTE STILL WET!
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Millionday – Article quote:  “State of Iraq, will host the third International Conference on Finance and Banking, in an open dialogue between Iraqi officials and international business partners and investors…The event will be held from 7 to March 8, 2016 in Beirut, Lebanon.”  [you would think if Iraq was hosting this conference that their currency would be internationally recognized?]  I WOULD NOT BE SHOCKED BY IT — IMO THEY HAVE MADE IT CLEAR THAT THEY ARE GOING OUT TO THE MARKET AND THIS APPEARS TO BE A GREAT TIME WITH EVERYONE THERE IMO.
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Frank26 – The Budget is finally official with the G [Gazette] publication. But there is NO RATE that is official yet. Hence specific parts of the Budget are not alive as of yet.
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Vice calling on the government to raise taxes and the value of the currency to bridge the budget deficit

[Baghdad-where] Deputy for the National Alliance called on the government to raise taxes and the value of the currency to cover the deficit in the fiscal budget…

Sadiq frankincense told all of Iraq [where] that “the economic situation may be confusing but bridging the fiscal deficit is a real dilemma, noting that” there are several measures of the government to overcome this crisis and is now in the process of study, including raising taxes and the value of the currency in order to plug in the budget…

Read More: http://www.dinarupdates.com/blog/
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Poppy3 – JUST GOT THE CONFIRMATION THE BUDGET WAS PUBLISHED TODAY [Thursday] IN A SPECIAL EDITION BUT PUBLISHED…WITHOUT THE HCL…NO RATE…
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Millionday – [is it possible for abadi to be out of the country when it rv’s?]   ANY ECONOMIC CHANGE CAN TAKE PLACE THAT IS DONE BY CBI WITH ABADI IN COUNTRY OR OUT AS LONG AS REGULATIONS ETC ARE IN PLACE THAT HE PLANNED —IMO…  THE RETURN OF IRAQ OR I SHOULD SAY THE NEW IRAQ IS HUGE — IMO ABADI WOULD WANT TO BE THERE FOR ANY POSITIVE CHANGE ETC — BUT HE OBVIOUSLY DOES NOT HAVE TO BE.
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tman23 – Quote:  “Ministry of Finance held in coordination with the Economic Affairs Committee meeting Wednesday evening, under the chairmanship of Finance Minister Hoshyar Zebari and oil Ministers, planning, agriculture, and the Governor of the Central Bank and a number of Committee members in addition to a number of financial experts, economists and academics to discuss the financial situation in Iraq.”  THEY ARE NO LONGER IN A CORNER, IT IS MORE LIKE THEY ARE AT THE END OF THE PLANK…AND DELAYS ARE NO LONGER AN OPTION.
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wmawhite – …the IMF has told the world how Iraq (CBI/GOI) is…not may…but is moving towards Article 8 compliance and that they (the IMF) expects Iraq to enter the market during the 1st half of 2016. [so we have till june?]  We may have only until next week, or next two weeks, or until March or May. However, I go with the expectations of the IMF.
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firefly – Quote:  “Ensure that the federal budget law  The issuance of the new issue of the Gazette of Iraq call (4394)”  Yep, it’s in the Gazette…looking at it now…So it appears the budget was published on the 1st but it is just being shown to us now. Another event that’s been hidden for 3 weeks.  This is not anything new. They show it to us when they want to.
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SteveI – So lets look at both sides of the coin now.  So it is not pegged to to Gold, what else could it be pegged to? Yes the USD, which is still fairly close to a 1:1 or a bit less at the moment, regardless worth something. If there will be no immediate future value, …all will cash in and walk away. So who are the winners here, most everyone including yourselves.  Now it comes out at a $3 plus rate, who is the winners here, again you are, but I do not see how Iraq can support that type of cash out now that oil is so low. Iraq needs to be able to set themselves up for success, not a rate that cannot be sustained.   [post 2 of 3….stay tuned]
______________________________________________________________

Dinar Call w/BGG!!

“for Dinar News – that MATTERS!!”
from 01/20 – 8:30pm CST

 Smart phone user link – Click here

______________________________________________________________

SteveI – I talked to our team about the countries next to Iraq and feel that a one to one has no signification disadvantageous regarding fair trade…a 1:1 rate or a bit higher.   Now, will this happen the way we think? Maybe or maybe not, but it sure does appear to be pointing that direction of being backed by gold.   [The question I have is how the process of revaluation of the dinar changes (if any) being pegged to gold. In other words, would it be a gradual or a more sudden increase?]   There would be no “revaluation” but rather now a value that follows the gold standard. This is what we are being told and how I understand it.  One possible scenario: The CBI will just announce that the IQD is now backed the the gold standard. So if you go to the bank, now any bank for that matter, they would simply looked up the buy rate at the time and pay you in USD that value. [post 1 of 3….stay tuned]
______________________________________________________________

Adam Montana – My thought right now is that the price of oil might be scaring people. Iraq can handle $30-60 ppb, but if this dropping trend continues… I hate to say it, but it might be in their best interest to hold off and see what happens. Let’s hope the price stabilizes or even starts to go back up.  One interesting thing to note – when they do RV, it will generate a TON of activity in the world economy, which will increase demand for oil, and will help drive oil back up. So all they need to see is an upward trend in the oil price and BAM! Jump in with an RV and take advantage! I can see that happening.   [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 01-20-15 

Currency Auctions Announcement No. 3119

This daily currency auction was held in the Central Bank of Iraq on the 01-20-2015

The results were as follows:

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

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

www.DinarUpdates.com

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

Word for the day…

James 1:3-4 (NKJV)

3 knowing that the testing of your faith produces patience. 4 But let patience have its perfect work, that you may be perfect and complete, lacking nothing.

Heavenly Father, Thank You that You are the Author and Finisher of our faith! Thank You for the work You are doing through the Holy Spirit in the Body of Christ. Thank You for Your patience 🙂 In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.22.2015

______________________________________________________________

If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand. – Milton Friedman

______________________________________________________________

*** Current Posts ***

______________________________________________________________

“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/22 – 8:30pm CST

Smart phone user link – Click here

______________________________________________________________

Mnt Goat – ...just this week we witnessed a news brief by the IMF on the SMP and then we read about more February timelines / deadlines for Iraq to accomplish certain goals related to currency reform. This was all excellent news and now we wait and watch to see their next move. This is all we can do and so speculation…will not make the RV happen any sooner.   In fact it is not even about the RV but rather getting their currency back online so Iraq can easily and efficiently trade with the rest of the world.  …my contact in the CBI was trying to tell me…to be aware of any news related to currency reform. This statement in itself was telling me we are not that far from the RV.  [post 2 of 2]
______________________________________________________________

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!!)

______________________________________________________________

Mnt Goat – I want to… caution all of you not to stake timelines of an RV based on the publishing of the 2016 budget or any future budget in the official gazette. I know darn well not to expect an RV today or anytime within the next couple weeks, at least. This is not an opinion I bring but a FACT.   But there is lots of news coming out about the necessity to do something with the value of the dinar against the US dollar.  Since late October it is common conversation by Iraqi economists to put pressure on the GOI and the CBI to do something to raise the value of the dinar. We know that the dinar must go international if they are to be as diversified as they claim the need to move towards in their economy to get over this economic crisis. But it is not as simple as just “pulling the trigger” on the RV to correct the situation. No matter how hard Iraq wants the RV they will not be allowed to do it until they are fully ready.   [post 1 of 2….stay tuned]
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

rcookie – 1ST ON MONDAY WE HAVE ANNOUNCEMENT OF CUSTOMS & TARIFFS LAUNCHED IN ALL PROVINCES… IN ACCORDANCE WITH ARTICLE 24 (A,B,C) OF 2016 BUDGET…THEN YESTERDAY WE SEE THAT GENERAL ELECTRIC IS ANNOUNCED AS PRIMARY AGENT FOR ELECTRIC PLANTS & MAINTENANCE IN ENTIRE COUNTRY AS GUARANTEED ALLOCATION IN ARTICLE 31 OF 2016 BUDGET…THEN WE SEE THE ANNOUNCEMENT OF FOREIGN INVESTMENT TOWARD PRIVATIZING IRAQI AIRWAYS AND RE-OPENING OF EUROPEAN FLIGHT SCHEDULES FROM IRAQ AND MASSIVE EXPANSION PLANS WHICH WILL ALSO BE SUPPORTED BY GUARANTEED ALLOCATIONS IN ARTICLE 31 OF 2016 BUDGET…THEN FINALLY TODAY WE SEE ANNOUNCEMENT THAT FOR 1ST TIME SINCE 2003…IRAQ SELLS BONDS TO LOCAL CITIZENS… TOTALING 5 TRILLION DINARS THIS YEAR…3 YEAR TERM..10% INTEREST…HAVING ALREADY ISSUED TO LOCAL BANKS…AS OUTLINED IN 2016 BUDGET (CHAPTER II..ARTICLE 2.. SECTION B..PAGE 10) WOW…THIS ALL DONE AND BUDGET INK IN GAZETTE STILL WET!
______________________________________________________________

Millionday – Article quote:  “State of Iraq, will host the third International Conference on Finance and Banking, in an open dialogue between Iraqi officials and international business partners and investors…The event will be held from 7 to March 8, 2016 in Beirut, Lebanon.”  [you would think if Iraq was hosting this conference that their currency would be internationally recognized?]  I WOULD NOT BE SHOCKED BY IT — IMO THEY HAVE MADE IT CLEAR THAT THEY ARE GOING OUT TO THE MARKET AND THIS APPEARS TO BE A GREAT TIME WITH EVERYONE THERE IMO.
______________________________________________________________

Frank26 – The Budget is finally official with the G [Gazette] publication. But there is NO RATE that is official yet. Hence specific parts of the Budget are not alive as of yet.
______________________________________________________________

Vice calling on the government to raise taxes and the value of the currency to bridge the budget deficit

[Baghdad-where] Deputy for the National Alliance called on the government to raise taxes and the value of the currency to cover the deficit in the fiscal budget…

Sadiq frankincense told all of Iraq [where] that “the economic situation may be confusing but bridging the fiscal deficit is a real dilemma, noting that” there are several measures of the government to overcome this crisis and is now in the process of study, including raising taxes and the value of the currency in order to plug in the budget…

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

Poppy3 – JUST GOT THE CONFIRMATION THE BUDGET WAS PUBLISHED TODAY [Thursday] IN A SPECIAL EDITION BUT PUBLISHED…WITHOUT THE HCL…NO RATE…
______________________________________________________________

Millionday – [is it possible for abadi to be out of the country when it rv’s?]   ANY ECONOMIC CHANGE CAN TAKE PLACE THAT IS DONE BY CBI WITH ABADI IN COUNTRY OR OUT AS LONG AS REGULATIONS ETC ARE IN PLACE THAT HE PLANNED —IMO…  THE RETURN OF IRAQ OR I SHOULD SAY THE NEW IRAQ IS HUGE — IMO ABADI WOULD WANT TO BE THERE FOR ANY POSITIVE CHANGE ETC — BUT HE OBVIOUSLY DOES NOT HAVE TO BE.
______________________________________________________________

tman23 – Quote:  “Ministry of Finance held in coordination with the Economic Affairs Committee meeting Wednesday evening, under the chairmanship of Finance Minister Hoshyar Zebari and oil Ministers, planning, agriculture, and the Governor of the Central Bank and a number of Committee members in addition to a number of financial experts, economists and academics to discuss the financial situation in Iraq.”  THEY ARE NO LONGER IN A CORNER, IT IS MORE LIKE THEY ARE AT THE END OF THE PLANK…AND DELAYS ARE NO LONGER AN OPTION.
______________________________________________________________

wmawhite – …the IMF has told the world how Iraq (CBI/GOI) is…not may…but is moving towards Article 8 compliance and that they (the IMF) expects Iraq to enter the market during the 1st half of 2016. [so we have till june?]  We may have only until next week, or next two weeks, or until March or May. However, I go with the expectations of the IMF.
______________________________________________________________

1-22-2016   Newshound Guru firefly    Quote:  “Ensure that the federal budget law  The issuance of the new issue of the Gazette of Iraq call (4394)”  Yep, it’s in the Gazette…looking at it now…So it appears the budget was published on the 1st but it is just being shown to us now. Another event that’s been hidden for 3 weeks.  This is not anything new. They show it to us when they want to.
______________________________________________________________

SteveI – So lets look at both sides of the coin now.  So it is not pegged to to Gold, what else could it be pegged to? Yes the USD, which is still fairly close to a 1:1 or a bit less at the moment, regardless worth something. If there will be no immediate future value, …all will cash in and walk away. So who are the winners here, most everyone including yourselves.  Now it comes out at a $3 plus rate, who is the winners here, again you are, but I do not see how Iraq can support that type of cash out now that oil is so low. Iraq needs to be able to set themselves up for success, not a rate that cannot be sustained.   [post 2 of 3….stay tuned]
______________________________________________________________

Dinar Call w/BGG!!

“for Dinar News – that MATTERS!!”
from 01/20 – 8:30pm CST

 Smart phone user link – Click here

______________________________________________________________

SteveI – I talked to our team about the countries next to Iraq and feel that a one to one has no signification disadvantageous regarding fair trade…a 1:1 rate or a bit higher.   Now, will this happen the way we think? Maybe or maybe not, but it sure does appear to be pointing that direction of being backed by gold.   [The question I have is how the process of revaluation of the dinar changes (if any) being pegged to gold. In other words, would it be a gradual or a more sudden increase?]   There would be no “revaluation” but rather now a value that follows the gold standard. This is what we are being told and how I understand it.  One possible scenario: The CBI will just announce that the IQD is now backed the the gold standard. So if you go to the bank, now any bank for that matter, they would simply looked up the buy rate at the time and pay you in USD that value. [post 1 of 3….stay tuned]
______________________________________________________________

Adam Montana – My thought right now is that the price of oil might be scaring people. Iraq can handle $30-60 ppb, but if this dropping trend continues… I hate to say it, but it might be in their best interest to hold off and see what happens. Let’s hope the price stabilizes or even starts to go back up.  One interesting thing to note – when they do RV, it will generate a TON of activity in the world economy, which will increase demand for oil, and will help drive oil back up. So all they need to see is an upward trend in the oil price and BAM! Jump in with an RV and take advantage! I can see that happening.   [post 2 of 2]
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 01-20-15 

Currency Auctions Announcement No. 3119

This daily currency auction was held in the Central Bank of Iraq on the 01-20-2015

The results were as follows:

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

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

www.DinarUpdates.com

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

Word for the day…

James 1:3-4 (NKJV)

3 knowing that the testing of your faith produces patience. 4 But let patience have its perfect work, that you may be perfect and complete, lacking nothing.

Heavenly Father, Thank You that You are the Author and Finisher of our faith! Thank You for the work You are doing through the Holy Spirit in the Body of Christ. Thank You for Your patience 🙂 In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.21.2015

______________________________________________________________

In a democracy, we get the government that 51% of us deserve. – Will Spencer

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Vice calling on the government to raise taxes and the value of the currency to bridge the budget deficit

[Baghdad-where] Deputy for the National Alliance called on the government to raise taxes and the value of the currency to cover the deficit in the fiscal budget…

Sadiq frankincense told all of Iraq [where] that “the economic situation may be confusing but bridging the fiscal deficit is a real dilemma, noting that” there are several measures of the government to overcome this crisis and is now in the process of study, including raising taxes and the value of the currency in order to plug in the budget…

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

SteveI – “Economic analyst: the dollar against the Iraq dinar is not real price”    Remember, the current rate is what the United Nations did when it put Iraq under severe sanctions. Sanctions removed so in theory, the rate should go back up. I really do not agree with the returning rate any longer because it was a rate that was dictated by the other past leader dictator.
______________________________________________________________

Hub – in order for a sovereign nation to engage in international trade, they have to have some method to exchange value for the product…who wants the dinar as it sits…no one…arguments are that iraq has been trading with a tradable currency, yes they have…the dollar but no more…by constitution must use the dinar.  i am very pumped about the next day or so. [did I read it right that Iraq want to have their currency close to their neighbors currency?]  tad bit above is what i think was said…i personally think in the 3.60 to 3.90 range…from day one the iraq ptb always stated ri plus 20 % inflation.
______________________________________________________________

rcookie – REMEMBER..ABADI IS IN DAVOS RIGHT NOW…A MAJOR INTERNATIONAL ECONOMIC NETWORKING EVENT TO ADD TO THE 341 INVESTMENT LICENSES ISSUED FROM 2013-TO END OF 2015 WORTH $15 BILLION…HMM…WONDER WHAT THEY’RE ALL CUED UP FOR.
______________________________________________________________

Frank26 – Iraq is in a situation that I wouldn’t want you to be in…What that situation is…is a lack of money….a lack of funds….a lack of liquidity.  …articles have been coming out since Saturday…the government of Iraq is trying to tell their citizens…look we know that you need money… we are here to tell you we do have a budget…a budget for 2016…yea we got a budget ahead of time before the year was up…but it has to be in the Gazette…so that budget is still at the Gazette…printed but not published…why…because there is a hold…why…there are a couple of things that are needed to be done in order to bring forth the Monetary Reform of the IQD of the currency of this country…they are doing them…Look we have a 70% deficit that is just tearing me apart…$74 billion it’s just the start of the year…they are going to work out this deficit and they are going to increase the value of their currency…and they are going to actually fulfill this budget before this budget actually kills them.
______________________________________________________________

SteveI – Article:  “An invitation to link the Iraqi dinar to the global economy”  [Before they would do that won’t they need to move the decimal (delete the zeros)? Is that the 1:1 that is being mentioned?]  No…the 1:1 may have been a master plan along. Only the Finance Minister and the IMF know the answer to that one.  Remember, we have two things going on at the same time, in country and outside of the country. What they do inside the country will be to give them lower domination with value. Also the retailers will price accordingly.
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Mailman17 – BUT WHAT IS INTERESTING, IS THAT IF YOU GO TO THE ARABIC SIDE SHOWING NOTES IT LISTS THE NEW 10,000 DINAR NOTE WHICH COINCIDES WITH THE ALREADY EXISTING 10,000 NOTE MANY OF US HAVE. EVEN SHOWS YOU A PICTURE OF THE NEW NOTE. BUT NO NEW 50 OR 50,000. MY TAKE ON THIS IS THAT NEW 10 GRAND NOTE WILL MOST LIKELY REPLACE THE NOTE COUNT OF EVERYTHING UNDER IT. INSIDE IRAQ…NOT OUTSIDE.   IRAQ IS NOT WORRIED ABOUT NOTES OR NOTE COUNT OUTSIDE OF IRAQ. I BELIEVE THAT NEW NOTE MAY BE THE START OF THE RELEASE OF ALL THE NEW SMALLER ONES AND I THINK THAT IS ANY DAY IF WE ARE TO BELIEVE THE RECENT NEWS. FOOD FOR THOUGHT…AND STAY POSITIVE…WE ARE ALMOST THERE…AS ALWAYS…THIS IS JMO.   [post 2 of 2]

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Mailman17 – AS OF TODAY, IRAQ HAS 90 TONS OF GOLD IN ITS RESERVES WHICH REPRESENTS 4.6% OF THEIR FOREIGN CURRENCY RESERVE…I WILL LET YOU READ THAT STATEMENT AS MANY TIMES AS NEEDED TO SQUELCH ANY DOUBT THAT THEY CAN MORE THAN EASILY BACK A 1-1. THEY ARE RANKED 37TH AMONG THE TOP 100 NATIONS.   ALSO, I FIND IT MORE THAN INTERESTING THAT IF YOU GO TO THE CBI WEBSITE AND LOOK AT THE NOTES THAT IRAQ CONSIDERS LEGAL TENDER AS OF TODAY, THE ENGLISH SIDE SHOWS EXACTLY WHAT THEY HAVE SHOWN SINCE INCEPTION OF THE NOTES IN 2003…AND YES, THE 50 DINAR NOTE IS STILL ACTIVE WITH NO SIGN OF THE 50,000 ANYWHERE.   [post 1 of 2….stay tuned]
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rcookie – Article quote  “Reconsider the purchasing power to do his Iraqi and make them equal to the rate of purchasing power for the countries adjacent to Iraq…”    [DOES THIS MEAN THAT IF KUWAITS MONEY IS WORTH 3.40 THAT THE IRAQI’S DINAR NEEDS TO BE THE SAME? OR SAME IN KIND?]   HE IS IDENTIFYING THE VERY POINT OUR MR WHITE [Guru wmawhite] IDENTIFIES IN THE LIST OF REGIONAL CURRENCY VALUES OF IRAQS NEIGHBORS…AGAINST IRAQS VALUE…AND WANT TO INCLUDES THEIR TRADE PARTNERS VALUES AS WELL.  …THERE ARE MANY CONTRIBUTING FACTORS…NOT JUST THE CBI THAT PLAY INTO THEIR REAL CURRENCY VALUE INCLUDING CONSIDERATION OF BEING IN PARITY OR BETTER THAN THEIR NEIGHBORS & TRADE PARTNERS.  [reference Guru wmawhite post 1-14-2016]
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Adam Montana – [Does the Dinar need to be traded internationally before it RV’s?]   Not at all! In fact, an RV before international trading begins would make everyone rush to start trading it, two things are very possible:  1. If they choose to float the rate, it will go up.  2. If they choose a locked rate, then it will just get stronger.  Both are good.
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Millionday – Article quotes:  “World Economic Forum Annual Meeting January 20-23-2016″  “Who’s coming to Davos 2016? The US delegation is led by Vice-President Joe Biden…John Kerry, Ashton Carter, Jacob Lew, Loretta Lynch, Penny Pritzker And…Haidar Al Abadi, Prime Minister of Iraq”  “The Annual Meeting will bring together over 40 heads of state and government with 2,500 leaders from UN agencies, business and civil society.”    ABADI COMPLETED MANY THINGS BEFORE HE LEFT…FOR THE FORUM IN SWITZERLAND — THIS IS OF COURSE THE HUGE ECONOMIC FORUM THAT LISTED MANY THINGS FOR IRAQ TO HAVE COMPLETE — FROM LAST YEAR...HE IS PLANNING ON SPENDING MUCH OF THE TIME TALKING ABOUT THE HUGE ADVANCEMENTS MADE WITH THE WAR ON TERRORISM AND ALSO THE PROMOTION FOR INVESTMENTS GLOBALLY — WHOOPOW.
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Kaperoni – Article quote:  “Ministry of Finance was held in coordination with the Committee on Economic Affairs, an expanded meeting…chaired by Finance Minister Hoshyar Zebari, and the presence of oil ministers, Planning and Agriculture and the Governor of the Central Bank and a number of members of the committee in addition to a number of financial experts, economists and academics to discuss the financial situation in Iraq.”   This is huge!  Coordination!  …we have always heard currency reform required the government and CBI and others to coordinate togther.  To see these now working together may not seem like much, but this is a well coordinated launch of a market economy with the help if the IMF and WB.  We should all take notice, no matter how trivial it may seem…it is not.
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SteveI – [Let’s say hypothetically that the switch is flipped today and the dinar is now backed by Gold. What would the dinar value be at this point? Is it even possible to determine that or is there more to it than just looking at the price of Gold?]  New York Gold Spot Price (24hrs) Gold Price Per Ounce $1,101.65…Here is how it was explained to me. Lets say the CBI said that one IQD is now backed by one ounce of gold.  It is my understanding that one IQD would be equal to $1,101.65 or a 25K note would be worth $27,541.25 USD, less any spread and fees.  [post 3 of 3]
______________________________________________________________

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!!)

______________________________________________________________

SteveI – So lets look at both sides of the coin now.  So it is not pegged to to Gold, what else could it be pegged to? Yes the USD, which is still fairly close to a 1:1 or a bit less at the moment, regardless worth something. If there will be no immediate future value, …all will cash in and walk away. So who are the winners here, most everyone including yourselves.  Now it comes out at a $3 plus rate, who is the winners here, again you are, but I do not see how Iraq can support that type of cash out now that oil is so low. Iraq needs to be able to set themselves up for success, not a rate that cannot be sustained.   [post 2 of 3….stay tuned]
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Dinar Call w/BGG!!

“for Dinar News – that MATTERS!!”
from 01/20 – 8:30pm CST

 Smart phone user link – Click here

______________________________________________________________

SteveI – I talked to our team about the countries next to Iraq and feel that a one to one has no signification disadvantageous regarding fair trade…a 1:1 rate or a bit higher.   Now, will this happen the way we think? Maybe or maybe not, but it sure does appear to be pointing that direction of being backed by gold.   [The question I have is how the process of revaluation of the dinar changes (if any) being pegged to gold. In other words, would it be a gradual or a more sudden increase?]   There would be no “revaluation” but rather now a value that follows the gold standard. This is what we are being told and how I understand it.  One possible scenario: The CBI will just announce that the IQD is now backed the the gold standard. So if you go to the bank, now any bank for that matter, they would simply looked up the buy rate at the time and pay you in USD that value. [post 1 of 3….stay tuned]
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Adam Montana – My thought right now is that the price of oil might be scaring people. Iraq can handle $30-60 ppb, but if this dropping trend continues… I hate to say it, but it might be in their best interest to hold off and see what happens. Let’s hope the price stabilizes or even starts to go back up.  One interesting thing to note – when they do RV, it will generate a TON of activity in the world economy, which will increase demand for oil, and will help drive oil back up. So all they need to see is an upward trend in the oil price and BAM! Jump in with an RV and take advantage! I can see that happening.   [post 2 of 2]
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Iraqi Dinar/Dollar auction (most recent listing) 01-20-15 

Currency Auctions Announcement No. 3119

This daily currency auction was held in the Central Bank of Iraq on the 01-20-2015

The results were as follows:

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

Adam Montana – We know that they were intending to meet yesterday to discuss the HCL, and it looks like they did meet  (another miracle in Iraq, a meeting held on time!) – but we are not privy yet to the outcome of said meeting. As much as I’d love to say I have inside info, I don’t at this time other than a few mentions that they will be addressing it again tomorrow... fingers crossed.  The Budget was also not published in the Gazette, but that doesn’t bother me. It was stated that their deficit is 74 Billion dollars. Friends, that is 1/10th of a single Trillion. NOT A LOT OF MONEY in the grand scheme of it all!   [post 1 of 2….stay tuned]
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Mnt Goat – This is of course not a predicted date but is just what the news seems to be telling us.  …parliament must get this “basket” of laws completed…  We know that parliament has come back into session and we wait to see their agendas.  …we are hearing increased pressure to implement the Tariffs in boarder areas, especially with the Kurdistan region. Again I will say this new Tariff is like a double edged sword without having an international currency.   [post 2 of 2]
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Mnt Goat – It seems…the further we go into January the clearer it is appearing to us that Iraq fully recognizes and intends to implement the needed currency reforms. They also know they can not fool around with their political stalling any longer.  This week the Abadi’s council of ministers has a meeting to review radical solutions to rid Iraq of it’s economic crisis. Based on the best information we have at this time it now appears that the IMF and Iraq are working closely together towards a late February/ early March timeline for movement to Article 8 of UN charter for Iraq.   [post 1 of 2….stay tuned]
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Poppy3 – DISCUSSION BETWEEN IRAN CBI AND IRAQ CBI TODAY [TUESDAY 1-19-16] AN AGREEMENT WAS REACHED THEY WOULD REFRAIN FROM IRAN CHANGING THEIR RATE TILL IRAQ COULD RELEASE THEIRS AND BECAUSE THEY ARE TRADE PARTNERS IF ONE CHANGES BEFORE THE OTHER THEN IT WOULD CAUSE TOO MUCH DISPARITY BETWEEN THEM AND ONE WOULD BE AT A BIG DISADVANTAGE. THEY WILL GO TOGETHER AND SOON AS POSSIBLE ACCORDING TO BAGDAD RESIDENT.  …IT MAKES SENSE TO ME AND SOUNDS VERY PROMISING…
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Millionday – LINKING THE IRAQI DINAR TO THE GLOBAL ECONOMY — ACHIEVES THE MONETARY VALUE OF THE DINAR AGAINST GLOBAL CURRENCY.  THE PAIRING THROUGH THE INTERNATIONAL EQUATION COMPLETELY WILL DETERMINE THE VALUE OF THE DINAR IN THE GLOBAL MARKET.  I HAVE TO SAY — VERY EXCITING.  [post 2 of 2]
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Millionday – “An invitation to link the Iraqi dinar to the global economy”  UNDERSTAND THIS IS STOCK REPRESENTATIVE — OBVIOUSLY TALKING ABOUT PAIRING CURRENCIES AND ENTRY OF THE DINAR TO THE CURRENCY MARKET AND THE GLOBAL MARKET.  THE PICTURE THEY ARE PAINTING IS >>> THE MARKET ECONOMY.   IN ORDER TO ENTER THE GLOBAL MARKET IT HAS TO BE DONE WITH FAIR TRADE — MEANING THE INTERNATIONAL EQUATION THAT ALL COUNTRIES ESTABLISH THE GLOBAL VALUE WITH — — ECONOMICS 101.  [post 1 of 2….stay tuned]
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firefly – IMF and world bank put into bank law quite a bit ago that IRAQ will not free float!   Anybody that thinks Iraq has time to free float from 5 cents is well…..lol.  The further oil drops the higher the initial release needs to be…period.  So they have to do this NOW!
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Kaperoni – Article:  “An invitation to link the Iraqi dinar to the global economy ”   Quote:  “noting the importance of the introduction of the Iraqi dinar to global markets.”  This is pretty much how we have described moving to Article VIII, ending the auctions, international investors, Balassa-Samuelson effect, etc.   Sooner or later if they want a market economy they have to transition the dinar and banking system.  No way to avoid it.  So lets hope that this is a tip off of what is to come.  …Iraq has accomplished a lot the last 3-6 months with much more to come this year.  The important thing to take away from this article is the description, the plan, the process.  This economist clearly gets it, and is “inviting” the CBI to be bold, and make the move.  Something we all want to see happen.   We have talked about it for a few years now..and now we must let it come to us.
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wmawhite – The IMF has nothing to flip flop about…the IMF has stated clearly year after year exactly what needed to be accomplished by Iraq (CBI, GOI) and now, finally they have apparentally gotten serious about doing what was needed to do…Keep your eye on the ball.
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BGG ~ “This news over the last 72 hrs… You cannot imagine how excited I am about what we are seeing right now! Do I know exactly when? Absolutely not. Do I know what (the rate)? I don’t know. But I DO KNOW – This is good stuff for us. If you’ve been an investor with Dinar waiting for something to happen, this news right here…this is SPECTACULAR!! This is what I can tell you for sure.”

from BGG click-n-listen call 1-19-16 
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/19 – 8:30pm CST

 Smart phone user link – Click here

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tlm724 – Article quote:  “pointing to the importance of linking the Iraqi dinar to the global economy and thus achieve a monetary value to him in front of the world’s currencies, which in turn will give the power of the economic process within the country. ”  I love that, he is stating what we want and have been waiting for all these years! Link the dinar to the world, give it presiage, in other words lift her up buttercup, show the true value!  Quote: “that the most important results of the unification of laws with economic applications in a market economy theory is to link the Iraqi dinar to the global economy and thus achieve the monetary value of the dinar against the global currency ”   link the Iraqi dinar to the global economy and thus achieve the monetary value of the dinar against the global currency! Bring it on baby, we’re so ready!
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firefly – [Did they release the lower denoms?]    No…But it’s getting pretty exciting waiting!   ...Iraq is moving into Article 8. Once in article 8…no turning back!  With the IMF monitoring the reform, the contract Zebari, Alak and CL  signed and the agreements between the UN, US and IMF…THEY HAVE TO MOVE FORWARD AND FAST!  IMO, EVERYTHING is a go.
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Delta – …this announcement gives no numbers and they are being told to do this based on international standards…this is very important information.  …this article about linking the Iraqi dinar globally…this guy I believe is the President of the Iraqi Stock Exchange and he talks about linking the dinar globally…they have to do this and they know it…this guy knows what is happening and understands that the government and the CBI are about to do something and we should all understand this.   [post 2 of 2]
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Delta – Article:  “An Invitation to Link the Iraqi Dinar to Global Economies”    There is a lot information going on…one of them of course is the announcement from the CBI and…we don’t think it will be 1180 or 1182...but you do remember basically the same announcement that came from the CBI back in December telling all the banks to get ready…the first announcement back in December was talking about the rate that came out the 1182 and 1180 but this announcement that came out two days ago doesn’t have any rate they are just basically telling all their banks to calculate numbers based on the numbers from the CBI…  [post 1 of 2….stay tuned]
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Frank26 – Me personally I’m ecstatic…I am really happy because the things we are seeing now in front of us…no hearsay, not rumors, not guesstimations, but the things they are showing us…  Well these are steps for a Monetary Reform of a currency for a country.  If not, someone is wasting a lot of time and a lot of money to accomplish something like this.   …the Monetary Reform of the Iraqi dinar right now…is going about its business doing a very masterful job… IMO.  …there is a lot of leaking going on…about changing the exchange rate… CHANGING THE EXCHANGE RATE.   Article:  “An Invitation to Link the Iraqi Dinar to Global Economies”    …two days ago the CBI puts out an announcement that tells the rest of their banks to get ready to deal with international foreign currency…this is amazing.
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wmawhite – [ I find myself with unbelief in my heart – what would you loike to say to me and others who feel as I do?]  look at this from today:  Aritcle quote:  “An invitation to link the Iraqi dinar to the global economy”  This is what the IMF told the world they expect in the first part of 2016.  One other statement:..from the article: “linking the Iraqi dinar to the global economy leads to obviate the need for an auction of hard currency, which will determine the dinar exchange rate universally“
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Iraqi Dinar/Dollar auction (most recent listing) 01-19-15 

Currency Auctions Announcement No. 3118

This daily currency auction was held in the Central Bank of Iraq on the 01-19-2015

The results were as follows:

More: http://dinarupdates.com/observer/
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BGG – [Are we that close to the day we have been waiting for for so long?]  Very.  [Seems to me they are getting ready for something big. Something oil can’t do for them? Could it be an RV?]  There is virtually – NO OTHER ANSWER!!  [so they will place it on the forex and let it fly?]  There are those that think so – I have my doubts, more so lately. I am beginning to think it will be a “fixed number” announcement… and a “semi-managed” float after…  [Are you saying, without saying, you expect this to pop before the 21st of January?]  No – I’m NOT saying that – but it is ENTIRELY POSSIBLE.  ENTIRELY!
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Millionday – THE IMF IS HELPING IRAQ BY RESPONDING TO THE UNEXPECTED EXPENSE OF TERRORISM AND ALSO THE LOW OIL PRICING — THIS IS A PROGRAM THAT WILL RUN FROM NOVEMBER 2015-DECEMBER OF 2016 — THIS HAS ALREADY BEEN AGREED UPON BY IRAQ AND THE IMF.  THE IMF IS WORKING WITH AND MONITORING THE IMPLEMENTATION OF THE ECONOMIC PROGRAM THEY HAVE WORKED WITH IRAQ TO GET TO THE POSITION TO IMPLEMENT AND NOW WILL HELP THROUGH PER AGREEMENT TO DECEMBER OF THIS YEAR 2016.   GREAT NEWS.
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Enorrste – Article: “An invitation to link the Iraqi dinar to the global economy ”  Quote:  “...the most important results of the unification of laws with economic applications in a market economy theory is to link the Iraqi dinar to the global economy and thus achieve the monetary value of the dinar against the global currency…”  When this person…calls for a “linking of the Iraqi dinar to the global economy” he is talking about moving to a floating dinar.  The dinar is already linked to the dollar, so that cannot be what he is referring to.  In fact, he is even more specific...where he refers to the global market determining the exchange rate of the dinar through a basket of currencies.  This is the definition of a float.  He is also quite clear that he has no fear that the value of the dinar will fall; on the contrary, he mentions Iraq’s high reserves and believes that the dinar will be among the strongest currencies in the world.  He clearly understands the economics.
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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…

James 1:3-4 (NKJV)

3 knowing that the testing of your faith produces patience. 4 But let patience have its perfect work, that you may be perfect and complete, lacking nothing.

Heavenly Father, Thank You that You are the Author and Finisher of our faith! Thank You for the work You are doing through the Holy Spirit in the Body of Christ. Thank You for Your patience 🙂 In Jesus Name, Amen.

Mrs. BGG

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CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.20.2015

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In a democracy, we get the government that 51% of us deserve. – Will Spencer

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*** Current Posts ***

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Dinar Call w/BGG!!

“for Dinar News – that MATTERS!!”
from 01/20 – 8:30pm CST

 Smart phone user link – Click here

______________________________________________________________

Adam Montana – […with Crude oil hanging  around $30 a barrel and the Iranian’s Military inside Iraq causing problems do you still believe that Iraq is stable enough to RV and have enough money for there budget?]  Yes I do.
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SteveI – [Let’s say hypothetically that the switch is flipped today and the dinar is now backed by Gold. What would the dinar value be at this point? Is it even possible to determine that or is there more to it than just looking at the price of Gold?]  New York Gold Spot Price (24hrs) Gold Price Per Ounce $1,101.65…Here is how it was explained to me. Lets say the CBI said that one IQD is now backed by one ounce of gold.  It is my understanding that one IQD would be equal to $1,101.65 or a 25K note would be worth $27,541.25 USD, less any spread and fees.  [post 3 of 3]
______________________________________________________________

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!!)

______________________________________________________________

SteveI – So lets look at both sides of the coin now.  So it is not pegged to to Gold, what else could it be pegged to? Yes the USD, which is still fairly close to a 1:1 or a bit less at the moment, regardless worth something. If there will be no immediate future value, …all will cash in and walk away. So who are the winners here, most everyone including yourselves.  Now it comes out at a $3 plus rate, who is the winners here, again you are, but I do not see how Iraq can support that type of cash out now that oil is so low. Iraq needs to be able to set themselves up for success, not a rate that cannot be sustained.   [post 2 of 3….stay tuned]
______________________________________________________________

SteveI – I talked to our team about the countries next to Iraq and feel that a one to one has no signification disadvantageous regarding fair trade…a 1:1 rate or a bit higher.   Now, will this happen the way we think? Maybe or maybe not, but it sure does appear to be pointing that direction of being backed by gold.   [The question I have is how the process of revaluation of the dinar changes (if any) being pegged to gold. In other words, would it be a gradual or a more sudden increase?]   There would be no “revaluation” but rather now a value that follows the gold standard. This is what we are being told and how I understand it.  One possible scenario: The CBI will just announce that the IQD is now backed the the gold standard. So if you go to the bank, now any bank for that matter, they would simply looked up the buy rate at the time and pay you in USD that value. [post 1 of 3….stay tuned]
______________________________________________________________

Adam Montana – My thought right now is that the price of oil might be scaring people. Iraq can handle $30-60 ppb, but if this dropping trend continues… I hate to say it, but it might be in their best interest to hold off and see what happens. Let’s hope the price stabilizes or even starts to go back up.  One interesting thing to note – when they do RV, it will generate a TON of activity in the world economy, which will increase demand for oil, and will help drive oil back up. So all they need to see is an upward trend in the oil price and BAM! Jump in with an RV and take advantage! I can see that happening.   [post 2 of 2]
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 01-20-15 

Currency Auctions Announcement No. 3119

This daily currency auction was held in the Central Bank of Iraq on the 01-20-2015

The results were as follows:

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

Adam Montana – We know that they were intending to meet yesterday to discuss the HCL, and it looks like they did meet  (another miracle in Iraq, a meeting held on time!) – but we are not privy yet to the outcome of said meeting. As much as I’d love to say I have inside info, I don’t at this time other than a few mentions that they will be addressing it again tomorrow... fingers crossed.  The Budget was also not published in the Gazette, but that doesn’t bother me. It was stated that their deficit is 74 Billion dollars. Friends, that is 1/10th of a single Trillion. NOT A LOT OF MONEY in the grand scheme of it all!   [post 1 of 2….stay tuned]
______________________________________________________________

Mnt Goat – This is of course not a predicted date but is just what the news seems to be telling us.  …parliament must get this “basket” of laws completed…  We know that parliament has come back into session and we wait to see their agendas.  …we are hearing increased pressure to implement the Tariffs in boarder areas, especially with the Kurdistan region. Again I will say this new Tariff is like a double edged sword without having an international currency.   [post 2 of 2]
______________________________________________________________

Mnt Goat – It seems…the further we go into January the clearer it is appearing to us that Iraq fully recognizes and intends to implement the needed currency reforms. They also know they can not fool around with their political stalling any longer.  This week the Abadi’s council of ministers has a meeting to review radical solutions to rid Iraq of it’s economic crisis. Based on the best information we have at this time it now appears that the IMF and Iraq are working closely together towards a late February/ early March timeline for movement to Article 8 of UN charter for Iraq.   [post 1 of 2….stay tuned]
______________________________________________________________

Poppy3 – DISCUSSION BETWEEN IRAN CBI AND IRAQ CBI TODAY [TUESDAY 1-19-16] AN AGREEMENT WAS REACHED THEY WOULD REFRAIN FROM IRAN CHANGING THEIR RATE TILL IRAQ COULD RELEASE THEIRS AND BECAUSE THEY ARE TRADE PARTNERS IF ONE CHANGES BEFORE THE OTHER THEN IT WOULD CAUSE TOO MUCH DISPARITY BETWEEN THEM AND ONE WOULD BE AT A BIG DISADVANTAGE. THEY WILL GO TOGETHER AND SOON AS POSSIBLE ACCORDING TO BAGDAD RESIDENT.  …IT MAKES SENSE TO ME AND SOUNDS VERY PROMISING…
______________________________________________________________

Millionday – LINKING THE IRAQI DINAR TO THE GLOBAL ECONOMY — ACHIEVES THE MONETARY VALUE OF THE DINAR AGAINST GLOBAL CURRENCY.  THE PAIRING THROUGH THE INTERNATIONAL EQUATION COMPLETELY WILL DETERMINE THE VALUE OF THE DINAR IN THE GLOBAL MARKET.  I HAVE TO SAY — VERY EXCITING.  [post 2 of 2]
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Millionday – “An invitation to link the Iraqi dinar to the global economy”  UNDERSTAND THIS IS STOCK REPRESENTATIVE — OBVIOUSLY TALKING ABOUT PAIRING CURRENCIES AND ENTRY OF THE DINAR TO THE CURRENCY MARKET AND THE GLOBAL MARKET.  THE PICTURE THEY ARE PAINTING IS >>> THE MARKET ECONOMY.   IN ORDER TO ENTER THE GLOBAL MARKET IT HAS TO BE DONE WITH FAIR TRADE — MEANING THE INTERNATIONAL EQUATION THAT ALL COUNTRIES ESTABLISH THE GLOBAL VALUE WITH — — ECONOMICS 101.  [post 1 of 2….stay tuned]
______________________________________________________________

firefly – IMF and world bank put into bank law quite a bit ago that IRAQ will not free float!   Anybody that thinks Iraq has time to free float from 5 cents is well…..lol.  The further oil drops the higher the initial release needs to be…period.  So they have to do this NOW!
______________________________________________________________

Kaperoni – Article:  “An invitation to link the Iraqi dinar to the global economy ”   Quote:  “noting the importance of the introduction of the Iraqi dinar to global markets.”  This is pretty much how we have described moving to Article VIII, ending the auctions, international investors, Balassa-Samuelson effect, etc.   Sooner or later if they want a market economy they have to transition the dinar and banking system.  No way to avoid it.  So lets hope that this is a tip off of what is to come.  …Iraq has accomplished a lot the last 3-6 months with much more to come this year.  The important thing to take away from this article is the description, the plan, the process.  This economist clearly gets it, and is “inviting” the CBI to be bold, and make the move.  Something we all want to see happen.   We have talked about it for a few years now..and now we must let it come to us.
______________________________________________________________

wmawhite – The IMF has nothing to flip flop about…the IMF has stated clearly year after year exactly what needed to be accomplished by Iraq (CBI, GOI) and now, finally they have apparentally gotten serious about doing what was needed to do…Keep your eye on the ball.
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BGG ~ “This news over the last 72 hrs… You cannot imagine how excited I am about what we are seeing right now! Do I know exactly when? Absolutely not. Do I know what (the rate)? I don’t know. But I DO KNOW – This is good stuff for us. If you’ve been an investor with Dinar waiting for something to happen, this news right here…this is SPECTACULAR!! This is what I can tell you for sure.”

from BGG click-n-listen call 1-19-16 
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/19 – 8:30pm CST

 Smart phone user link – Click here

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tlm724 – Article quote:  “pointing to the importance of linking the Iraqi dinar to the global economy and thus achieve a monetary value to him in front of the world’s currencies, which in turn will give the power of the economic process within the country. ”  I love that, he is stating what we want and have been waiting for all these years! Link the dinar to the world, give it presiage, in other words lift her up buttercup, show the true value!  Quote: “that the most important results of the unification of laws with economic applications in a market economy theory is to link the Iraqi dinar to the global economy and thus achieve the monetary value of the dinar against the global currency ”   link the Iraqi dinar to the global economy and thus achieve the monetary value of the dinar against the global currency! Bring it on baby, we’re so ready!
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firefly – [Did they release the lower denoms?]    No…But it’s getting pretty exciting waiting!   ...Iraq is moving into Article 8. Once in article 8…no turning back!  With the IMF monitoring the reform, the contract Zebari, Alak and CL  signed and the agreements between the UN, US and IMF…THEY HAVE TO MOVE FORWARD AND FAST!  IMO, EVERYTHING is a go.
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Delta – …this announcement gives no numbers and they are being told to do this based on international standards…this is very important information.  …this article about linking the Iraqi dinar globally…this guy I believe is the President of the Iraqi Stock Exchange and he talks about linking the dinar globally…they have to do this and they know it…this guy knows what is happening and understands that the government and the CBI are about to do something and we should all understand this.   [post 2 of 2]
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Delta – Article:  “An Invitation to Link the Iraqi Dinar to Global Economies”    There is a lot information going on…one of them of course is the announcement from the CBI and…we don’t think it will be 1180 or 1182...but you do remember basically the same announcement that came from the CBI back in December telling all the banks to get ready…the first announcement back in December was talking about the rate that came out the 1182 and 1180 but this announcement that came out two days ago doesn’t have any rate they are just basically telling all their banks to calculate numbers based on the numbers from the CBI…  [post 1 of 2….stay tuned]
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Frank26 – Me personally I’m ecstatic…I am really happy because the things we are seeing now in front of us…no hearsay, not rumors, not guesstimations, but the things they are showing us…  Well these are steps for a Monetary Reform of a currency for a country.  If not, someone is wasting a lot of time and a lot of money to accomplish something like this.   …the Monetary Reform of the Iraqi dinar right now…is going about its business doing a very masterful job… IMO.  …there is a lot of leaking going on…about changing the exchange rate… CHANGING THE EXCHANGE RATE.   Article:  “An Invitation to Link the Iraqi Dinar to Global Economies”    …two days ago the CBI puts out an announcement that tells the rest of their banks to get ready to deal with international foreign currency…this is amazing.
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wmawhite – [ I find myself with unbelief in my heart – what would you loike to say to me and others who feel as I do?]  look at this from today:  Aritcle quote:  “An invitation to link the Iraqi dinar to the global economy”  This is what the IMF told the world they expect in the first part of 2016.  One other statement:..from the article: “linking the Iraqi dinar to the global economy leads to obviate the need for an auction of hard currency, which will determine the dinar exchange rate universally“
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Iraqi Dinar/Dollar auction (most recent listing) 01-19-15 

Currency Auctions Announcement No. 3118

This daily currency auction was held in the Central Bank of Iraq on the 01-19-2015

The results were as follows:

More: http://dinarupdates.com/observer/
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BGG – [Are we that close to the day we have been waiting for for so long?]  Very.  [Seems to me they are getting ready for something big. Something oil can’t do for them? Could it be an RV?]  There is virtually – NO OTHER ANSWER!!  [so they will place it on the forex and let it fly?]  There are those that think so – I have my doubts, more so lately. I am beginning to think it will be a “fixed number” announcement… and a “semi-managed” float after…  [Are you saying, without saying, you expect this to pop before the 21st of January?]  No – I’m NOT saying that – but it is ENTIRELY POSSIBLE.  ENTIRELY!
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Millionday – THE IMF IS HELPING IRAQ BY RESPONDING TO THE UNEXPECTED EXPENSE OF TERRORISM AND ALSO THE LOW OIL PRICING — THIS IS A PROGRAM THAT WILL RUN FROM NOVEMBER 2015-DECEMBER OF 2016 — THIS HAS ALREADY BEEN AGREED UPON BY IRAQ AND THE IMF.  THE IMF IS WORKING WITH AND MONITORING THE IMPLEMENTATION OF THE ECONOMIC PROGRAM THEY HAVE WORKED WITH IRAQ TO GET TO THE POSITION TO IMPLEMENT AND NOW WILL HELP THROUGH PER AGREEMENT TO DECEMBER OF THIS YEAR 2016.   GREAT NEWS.
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Enorrste – Article: “An invitation to link the Iraqi dinar to the global economy ”  Quote:  “...the most important results of the unification of laws with economic applications in a market economy theory is to link the Iraqi dinar to the global economy and thus achieve the monetary value of the dinar against the global currency…”  When this person…calls for a “linking of the Iraqi dinar to the global economy” he is talking about moving to a floating dinar.  The dinar is already linked to the dollar, so that cannot be what he is referring to.  In fact, he is even more specific...where he refers to the global market determining the exchange rate of the dinar through a basket of currencies.  This is the definition of a float.  He is also quite clear that he has no fear that the value of the dinar will fall; on the contrary, he mentions Iraq’s high reserves and believes that the dinar will be among the strongest currencies in the world.  He clearly understands the economics.
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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…

Colossians 3:23 (NKJV)

23 And whatever you do, do it heartily, as to the Lord and not to men,

Heavenly Father, Thank You that Jesus is our Peace! We pray that whatever we do today that we do it as unto You, Lord 🙂 In Jesus Name, Amen.

Mrs. BGG

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CURRENCY CODE SELL BUY

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

Indicative rates – 01.18.2015

http://www.cbi.iq/

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The worst thing in this world, next to anarchy, is government. – Henry Ward Beecher

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*** Current Posts ***

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Millionday – Report Quote:  “Mustafa al-Hashimi confirmed specialist in the field of internet and software electronic that the impact of technology in marketing and achieve productivity has become clear in Iraq…”  THE LEVEL OF THE PLAYING FIELD IS APPARENT WHEN YOU APPLY ELECTRONIC CAPABILITIES…THIS REPORT IS TELLING US THAT THEY WILL BE GOING GLOBAL WITH NEW ADVANCED TECHNOLOGY BEING TAKEN ADVANTAGE OF — THIS IS TALKING ABOUT THE IRAQIS REACHING OUT AND DOING BUSINESS WITH THE GLOBE AND THE NEED FOR THE LEGISLATION TO BE ACTIVATED FOR INTERNET SALES… THE CALL TO HAVE IT ACTIVATED HAS BEEN MADE TO DO THIS RIGHT AWAY… THIS IS MASSIVE.
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Mnt Goat (Dinar Guru) – Many keep asking me what the holdup is and I am desperately trying to help you understand there is no hold up. It is just moving slowly and it takes time.  In the final analysis you must always also remember the past and the chaos from the Maliki administration. We all know this was set back. From history we know this RV was approved to go in 2012 and was well on it’s way.  All I can say to everyone is BE PATIENT!   Iraq will get its currency online again (international) and…I believe this is coming much sooner than later.
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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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Breitling (Dinar Guru) – …this means something to us outside of the note count itself and it has to do with the currency auction.  article ” The dollar recorded a remarkable rise in front of the dinar and the news of the central bank forced to floating the exchange rate…” In other words they are going to take out the option of the auction.  That means so much to us.  If you realize what that means you would throw a party.  Why is Iraq making these moves?  …The policy coming out of Iraq, the way they are buying gold and selling gold for dinar has completely changed…It’s a beautiful thing, it really is.    [post 2 of 2]
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firefly (Dinar Guru) – [did ya ever think we would hear this in public?]  NO. There will be no fanfare, no fireworks and no announcements.  I feel VERY confident of actions happening right now.  Just know we are sitting in a VERY sweet spot right now.  I don’t believe we have long to wait at all. Best get your teams together ASAP.
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Poppy3 – things ARE SO GOOD I’M GOING TO PUT MY WHOOPOOW SHIRT ON. GREAT NEWS ALL DAY AND SOUNDS LIKE ALL THE WAY THROUGH TUESDAY WILL BE EXCITING.  …HEARD LOTS OF VERY POSITIVE THINGS TODAY. EXCUSE THAT I CANT EXPLAIN…  WE ARE LOOKING VERY GOOD.
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Breitling (Dinar Guru) – …Iraq is selling their gold for dinar and that told us how valuable the dinar is.   What are we looking at?  It’s advantageous for Iraq to sell their gold for dinar to reduce their note count and buy gold at the same time so they can back up their reserve.  What’s the other part?  It’s supply times velocity… the competition of the US dollar inside of Iraq.  This is the article that makes me very very happy… [Post 1 of 2 stay tuned for the rest of the story…]
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Iraqi Dinar/Dollar auction (most recent listing) 01-18-15 

Currency Auctions Announcement No. 3117

This daily currency auction was held in the Central Bank of Iraq on the 01-18-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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SteveI (Dinar Guru) – [I know you thought at one time it would be 3+ however Maliki really screwed up that opportunity for his own people.]  Due to the new IMF agreements, it will be close to a 1 to 1 rate. Maybe a bit higher but not much.
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wmawhite (Dinar Guru) – The IMF published an announcement to the world outlining specifically what is left for Iraq to complete in order to move to Article 8.  Did the IMF say anything about Iran and its sanction affect the value of the IQD?  Answer: no, they did not.  I do not understand what Iran has to do with what the IMF is already working with Iraq about. The IMF puts out a detailed document about where Iraq is with entering the market place and guess what…it did not said anything about Iran…so what does the price of chickens in Iran have to do with the IQD?
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wmawhite (Dinar Guru) – As of December 2015 this is where Iraq is. This is from the IMF: The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Do you think that the IMF is so un-informed that when they made this announcement that they did not know about Iran nor the forecast for oil prices?   …IMO, all is very well. As I posted, the IMF has informed the world exactly where Iraq is with their move towards Article 8 and the markets.
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Breitling (Dinar Guru) – So it was about $1.25 but they didn’t do that what they did was they started pumping out dinar right off the bat…tons of it.  You had to have faith that Iraq was going to reduce the note count.  So the currency isn’t devalued…it is not a market based devaluation it’s an economic strategy devaluation. And it’s held at this price for a strategic purpose…Iraq has hit every point they need to hit with their currency and the way they’re adjusting it to build their economy and then they get it to a certain point and guess what?  They are going to begin to reduce the note count and they’ve done that.   [Post 2 of 2]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/14 – 8:00pm CST

 Smart phone user link – Click here

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Poppy3 – HEARING RUMORS UNCONFIRMED BUT THAT IRAN CENTRAL BANK HAS ALREADY ANNOUNCED THEIR RV. HOPE THEIR NEIGHBOR COUNTRY AND TRADE PARTNER WILL TAKE A HINT AND FOLLOW THEIR ACTION. THIS SHOULD CAUSE UNBALANCE TRADE AND MORE PRESSURE ON IRAQ. TIME WILL TELL.
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Millionday – …SUMMARY…THE INVESTMENT LAW IS PRINTED IN THE GAZETTE.   THE PARLIAMENT SESSION WAS TO BE THE 16TH OF THIS MONTH AND HAS BEEN CHANGED TO THE 19TH.   LET ME COVER ALL TO BE VOTED ON AT THAT SESSION — (THIS DOES NOT MEAN THAT ECONOMIC REFORM WILL WAIT FOR THIS SESSION — WE DO NOT KNOW THE DATE).  THE PARLIAMENT REFORM VOTE — THE FEDERAL COURT ACT — THE AMNESTY LAW — THE LAWS NEEDED FOR LEGISLATING THE NATIONAL RECONCILIATION CONFERENCE…ALL OF THESE LAWS ARE SO PLANNED TO BE VOTED THROUGH THAT THE FEDERAL AND KURDISTAN IS MEETING NOW AND HAVE BEEN TO MAKE IT GO AS SMOOTHLY AS POSSIBLE.  HUGE HUGE PROGRESS FOR IRAQ AND THE GLOBE WITH THESE IN PLACE.
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wmawhite (Dinar Guru) – The IQD is not traded on forex yet…the info on some sites that show the IQD pegged to the USD is NOT trading data… yet…but it is coming, IMO.
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Breitling (Dinar Guru) – There are two stages of the devaluation…you had Saddam Hussain under the old currency and at it’s peak without the note count being messed with it was $3.25 at 1 billion notes.  When they introduced the new currency they actually introduced so much in the market…let’s say they went back to the original note count with the economy Iraq was in after the 2nd Gulf War…it was estimated that it would have been around $1.25 because of supply times velocity, the economy, they weren’t pumping out the oil…that was the economic state they were in..  [Post 1 of 2  Stay tuned for the rest of the story…]
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Arthur (Dinar Guru) – The IQD has already been given a defacto gold backed value well above the USD. The Queen has just announced the imminent release of the world wide funds that have been held back for all of these decades.. The Iranian implementation is the final trigger to an international currency reset that will change the geopolitical economic structure of this planet forever. With the release of these worldwide funds and subsequent redistribution of wealth, the 1st quarter of 2016 will go down in history as the moment that changed the world. Very high level meetings are currently underway and the American banking complex is now aware of the upcoming exchange event. Watch for major announcements and unprecedented economic events almost daily during the month of January.  I reiterate as I stated 2 weeks ago…THIS IS IT!  [post 2 of 2]
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Arthur (Dinar Guru) – As for things that are still needed, there will always be laws in the pipeline for the former most corrupt country in the world to pass to clean up it’s act making it conducive for economic globalization.  The question is, when is the progress sufficient for the IMF/UN/BIS/PTB to release all currency restrictions and allow the imminent long awaited launch into the private sector. The affirmative answer was announced by the PM within the past 48 hours. The Ayatollah has announced his dissatisfaction with the reform process which has sparked a new sense of urgency. We have already seen the IMF memorandum giving a February 29 back wall for Article VIII and end of MCP.  What most don’t understand is that means in essence that the revaluation of the IQD is no longer just imminent but the process is underway and ongoing. [post 1 of 2….stay tuned]
______________________________________________________________

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…

Colossians 3:23 (NKJV)

23 And whatever you do, do it heartily, as to the Lord and not to men,

Heavenly Father, Thank You that Jesus is our Peace! We pray that whatever we do today that we do it as unto You, Lord.

In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.16.2015

______________________________________________________________

Groups that rose from poverty to prosperity seldom did so by having their own racial or ethnic leaders to follow. – Thomas Sowell

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*** Current Posts ***

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Mnt Goat (Dinar Guru) – What are the laws they are talking about:   #1 priority is the General Amnesty law.  #2 priority is the Federal Court Act.   #3 priority is the Conscription law.  #4 priority is the Two Term limit. #5 priority is to change the Code of Criminal Procedure…  #6 priority – Resolve the Majority 2/3 Rule Dispute  Kind of like giving us a summary on what they intend to do in the next 30-60 days in parliament.This article is also telling us future agendas for parliamentary sessions in February. First they are telling us that Abadi has a third set of reforms coming soon. This new set of reforms this time is dealing with cleaning up parliamentary procedure.  We pray for the process of the currency reform, the full implementation of the Iraqi economy to full international status and the bringing of prosperity and wealth to its people.   [post 2 of 2]
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Mnt Goat (Dinar Guru) – Article:  “PARLIAMENT PASSES THE OPTIMISTIC “GENERAL AMNESTY” AND THE FEDERAL COURT OVER THE NEW CHAPTER”   I want to begin today’s news with an update on the needed laws to initiate the mandates prior to any RV.   I have explained to you many times already many of the needed laws for Iraq to satisfy its obligations under the mandates set forth for the phase of the Abadi government thus allow the currency reform to take place. In other words once these mandates are completed they will have nearly a “fully” implemented constitution thus a full government. This will pave the way for currency reform.  What is more amazing is that they are now coming right out and telling us what these laws are, their urgency and priority in parliament AND all this in ONE article.  [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) – The stuff the IMF called for to be completed by the end of February 2016 is already done…implemented, done, done.  This is what we are looking for today: “remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.”  The IMF wrote that announcement in November 2015, and released it in December 2015…so the IMF did not tell us it was done…we know they are done because it has been announced by the GOI.  We are at a disadvantage because we do not know exactly what to look for when looking for exchange rate restrictions, for example.  [I’ve been in this for awhile now and I know we are closer today then ever so…I just pray it will be soon.]  I agree… and…the IMF has told us a lot and specifically what the government is doing at this moment…the problem is that we do not know how to identify those to items.
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Breitling (Dinar Guru) – People don’t realize this but it’s getting harder and harder to get different [Iraqi dinar] denominations in the United States…that’s superbly good news for us.  A.  People aren’t willing to give it up.  2.  There’s just not as much out there…because what are they doing?  They’re reducing the note count.  You’re just looking at a natural market reaction…supply and demand.  And the venues that supply the dinar for us do not have what they used to have so that’s a beautiful thing all in and of itself.
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Adam Montana (Dinar Guru) – [What is really the hold up?]  The “hold up” hasn’t changed…it’s the same thing. The CBI has to be able to maintain control of the exchange rate, and the same factors will always come into play. They are doing it right, and I respect them for taking their time (even though I’d like to have been DONE with this discussion years ago!).
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Poppy3 – …JUST HEARD FROM BAGDAD — ABADI TO MAKE ANNOUNCEMENT SPEECH TOMORROW [SATURDAY] TO THE COUNTRY.  NO DETAILS ON WHAT HE WILL SAY.  FIGHTING ERUPTED THIS EVENING IN BAGDAD. PEOPLE ARE PISSED AND TIRED OF ALL THE UNFULFILLED PROMISES. MAY BE THAT THE NEW RATE IS WHAT IT WILL TAKE THIS TIME TO CALM THEM BACK DOWN. REMEMBER LAST WEEK HE PROMISED AGAIN THEY WOULD SOON HAVE MORE BUYING POWER . PRAY THIS TIME THAT HE FOLLOWS THROUGH WITH ACTION AND NOT JUST WORDS .
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/14 – 8:00pm CST

 Smart phone user link – Click here

______________________________________________________________

Kaperoni (Dinar Guru) – Article:  “MP…Maliki the Iraqi economy is now in a real crisis and it is not possible to raise the value of the Iraqi dinar against the dollar”    IMO this is a great article because even though they can’t at this time, they are confirming (of sorts) that the plan is to raise the value of the dinar…to have them refer to it stating “raising the value” is complete confirmation.   This is the year of currency reform.  To much on the line to let to drag on.  With the IMF and MoU/trustreeship it will get done.  From there..we will just have to sit back and watch it rise as the investment boom begins.
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Millionday – Article quote:  “The Iraq Finance 2016 conference gathers together all major stakeholders involved in directing the economic development of Iraq towards greater growth and stability.”
OBVIOUSLY THIS IS A HUGE FORUM PLANNED…HOWEVER — IRAQ IS PRESENTING ITSELF THE FIRST PART OF MARCH TO THE GLOBE — SPONSORED BY MANY INTERNATIONAL COMPANIES — INVESTORS-MASTER CARD — MANY BANKS — AND THE LIST IS LONG — ALONG WITH KURDISTAN IN UNITY.  THERE IS ALOT OF INFORMATION OUT AND ALSO WITHIN THE BUDGET LAW —  OBVIOUSLY THE INVESTMENT LAW BEING PRINTED IN THE GAZETTE AND ALSO THE WORLD BANK LOAN BEING PART OF THE BUDGET — THE AGREEMENT MADE WITH THE WORLD BANK AND IRAQ HAS BEEN MET.   [could have rv before this?]   I DONT HAVE A DATE BUT WITH INVESTMENT LAW AND BUDGET LAW COMPLETE — AT ANYTIME THEY WILL PRESENT THE ECONOMY AND ALL REFORMS AS ANNOUNCED.
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Enorrste (Dinar Guru) – While the situation is tenuous, to say the least, it is my firm view that we are almost at the point of a disorderly exit from the fixed rate.   Once that happens there will be a temporary fluctuation, most likely down initially, in the value of the dinar, followed by a rise commensurate with the underlying value of the currency. I am currently prepared to buy dinar.  I will do so at the advent of this change, whenever it occurs, irrespective of the price of oil or the ISIS situation.  I was a commodities trader in the middle to late 1980s and I learned at that time that the wise person buys at the bottom and sells at the top.  When all others panic and are ready to bail out, I will do just the opposite.  Put another way, it is always darkest just before the dawn.  This is not a recommendation on my part by any means.  My decisions are mine alone.  Others will do what they will based on their own analysis and financial conditions.  All I am saying in this post is that, in my view, this sucker is about to move.  It is very dark right now.  So be it.  Having said that, there are people all over the world waiting for the dawn.   [post 3 of 3]
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Enorrste (Dinar Guru) – Having said that, however, I don’t believe that the IMF is a whole lot more savvy than the CBI in terms of control of the situation.  They have as much as admitted that the low oil prices and the ISIS situation have exacerbated…the situation to the point of crisis.  Still, they have also clearly laid out a plan which…is forthright and direct…  Therefore, it is my opinion that we will see a disorderly exit from the fixed rate regime to a floating rate regime in the near future.  It will not be a surprise to me to see the initial reaction from the market to be a drop in the value of the dinar.  This drop will be precipitated by a lack of confidence rather than the fundamentals, in my view.  However, within a short time it will become evident that the dinar is well backed by reserves and the process will reverse itself.  [post 2 of 3….stay tuned]
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Enorrste (Dinar Guru) – What is clear to me from this article is that there will be a disorderly exit from the fixed exchange rate.  The CBI has let this go too far, even to the point of reducing its reserves by nearly 30% in an attempt to control the market rate at or near the official rate.  The reason that the IMF has been allowed to enter into this situation is due to the fact that the CBI (without Shabibi) has no idea how to solve the problem, especially with the lower price of oil and the ISIS crisis sucking up their funds.  The arrival of the IMF as trustee over the CBI is a clear indication to me that my prior statement is fact.  The CBI is at a loss to know what to do.  However, the IMF has a clear vested interest in the success of this process of democratization in Iraq.  I believe that the die is cast in that sense:  they will not let Iraq fail.   [post 1 of 3….stay tuned]
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Iraqi Dinar/Dollar auction (most recent listing) 01-14-15 

Currency Auctions Announcement No. 3115

This daily currency auction was held in the Central Bank of Iraq on the 01-15-2015

The results were as follows:

More: http://dinarupdates.com/observer/
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rcookie – Quote:  “IMF agrees to Iraqi economic programDirect”    IT IS IRAQS REPORT CARD OF ECONOMIC & FINANCIAL POLICY SINCE THE AGREEMENT OF IMF MONITORING & OVERSIGHT…WHAT THEY HAVE DONE…ARE DOING..AND TASKED TO DO GOING FORWARD… THE END OF FEBRUARY…IS ONE OF THE REVIEW INTERVALS FOR THE IMF OVERSIGHT PANEL TO MAKE SURE THE IRAQIS HAVENT STRAYED AWAY FROM PROGRAM AND ECONOMIC COMMITMENTS…AS A MATTER OF FACT THEY HAVE PRE-DELIVERED (EARLY) ON THE MAJORITY OF THEIR MANDATES…AML LAWS…IAS IMPLEMENTATION…AND EVERY BUDGETARY MANDATE… DEFICIT REDUCTION…SALARY LADDER IMPLEMENT…3 YEAR HIRING FREEZE…NON OIL REVENUE STREAMS INCLUDING CUSTOM TARIFFS ACTIVATE (IN BUDGET).  …AND WE ARE ALL THE PROUD PARENTS OF IRAQS EXEMPLARY REPORT CARD SO FAR!
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Adam Montana – [With oil at an 11 year low and projected to continue its decline, does this change your opinion about an RV rate of $.10-$1.00?]   Nope – I actually foresaw this many years ago. If I had thought the PPB would stay high, I would have projected a higher RV rate.
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Kaperoni – Article quote:   “The Iraq Finance 2016 conference gathers together all major stakeholders involved in directing the economic development of Iraq towards greater growth and stability.”    …back when Shabibi had the CBI, there were plans for the dinar and a market economy. For whatever the reasons, those were not accomplished. We all know parliament, Maliki, tribal, Iran, etc. all participated in holding progress back. That being said, it’s different this time. This time we have the Prime Minister on board, the CBI Governor, the Finance Minister, and the IMF and WB. Sure it is not 100% but to me (and maybe I am naive) but I see the “potential meter” rising almost daily. Who knows, maybe they will enter this conference in March much further along than we expect.
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wmawhite – For those of you who maybe concerned about the “2%” spread…. interestingly the IMF isn’t as of this latest document. Here is their statement:  “The spread between the official and the parallel foreign exchange market rate receded to around 2 percentage points since August from as high as 16 percentage points in June, as a result of the elimination of the obligation to prove custom duty and income tax payments before “buying foreign exchange.”
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rcookie – …GOT THE IMF…PRESS RELEASE….AND WOW!  THAT LETTER OF INTENT… …MEMORANDUM OF ECONOMIC & FINANCIAL POLICIES…ALONG WITH TECHNICAL MOU…COMBINED WITH VERBIAGE & CONTENT OF 2016 BUDGET…LEAVES NO ROOM FOR SPECULATION OR…OPINIONS…IT IS IN BLACK IN WHITE…WHAT THEY HAVE DONE…WHAT THEY ARE DOING AND WHAT THEY WILL DO…ALL LAID OUT FOR US!  THE BREAKDOWN OF THE IMF LETTER OF INTENT IS SO AMAZING …ALONG WITH THE NEWS IN LAST COUPLE OF DAYS….WOW!
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

Psalm 136:1 (NKJV)

136 Oh, give thanks to the Lord, for He is good!
For His mercy endures forever.

Heavenly Father, Thank You that You are Good! Thank You for Your mercy that endures forever! In Jesus Name, Amen.

Mrs. BGG

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CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.14.2015

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Groups that rose from poverty to prosperity seldom did so by having their own racial or ethnic leaders to follow. – Thomas Sowell

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*** Current Posts ***

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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 01/14 – 8:00pm CST

 Smart phone user link – Click here

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Blondie (Dinar Guru) – Regarding rumors of ships waiting for an RV before coming to port… The price for the cargo (oil, or whatever), was established by contract before it was ever put on the ship – probably weeks (if not months) in advance. Purchase prices don’t change “in transit”.   If you bought something on layaway and the seller raised the price the next day, you still get the lower price. Think about it. Oil prices change DAILY, yet tankers are constantly in transit: Buyers would be at TREMENDOUS AND UNACCEPTABLE RISK if they were subject to a price increase during transit. It just doesn’t happen, sorry. Contracts protect buyers if prices go up, and they protect sellers if prices go down. It’s the nature of a contract.  The only thing that could occur along “RV lines” might be an “accounting change,” (for either the seller or the buyer (or both) but the VALUE PAID would *have* to remain the same. So there’s nothing to gain by waiting: by law, the contracted VALUE prevails.
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wmawhite (Dinar Guru) – Quote:   “under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.”  As the CBI moves from the MCP [multiple currency practice] …the IQD will take it true position somewhere on this list of currency value… where, I do not know.
1 Egyptian Pound = $0.13
1 Jordanian Dinar = $1.41
1 Qatar Riyal = $0.27
1 Bahraini Dinar $2.65
1 Israeli Shekel = $0.26
1 Saudi Riyal = $0.27
1 United Arab Emirates Dirham = $0.27
1 Omani Riyal = $2.59
1 Kuwaiti Dinar = $3.31
1 Iraqi Dinar $0.00085
Because of all of the discussion we are seeing about the auctions…IMO, we are about to see this final move away from the MCP.
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Kaperoni (Dinar Guru) – The IMF was ready to grant Article VIII to Shabibi back in October 2012 and since he worked in a very independent and isolated manor he would have done what he felt was right for his currency. That being said, would it have succeeded? Would investors come to Iraq? Would have the GOI passed the laws to continue to create the environment that would invite investment? Probably not…  It is very apparent that Shabibi was going forward… otherwise, there would have been no reason to take such abrupt action as to create false accusations and warrants to stop the process.  Just think, if Shabibi could have moved to Article VIII back in Oct 2012, they had about 80 billion reserves at the time.  Now some 3 years, 3 months later, the reserves are depleting below 59 billion and expected to go lower.
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Follow us on twitter @DinarUpdates !!

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

www.DinarUpdates.com – save as favorite!!
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EXOGEN (Dinar Guru) – [What exactly is holding this RV up?]  THERE IS NOTHING HOLDING ANYTHING UP. THERE HAS JUST NEVER BEEN A SET OR CONFIRMED DATE FOR IT TO TAKE PLACE AND THERE IS NO SUCH ANIMAL AS A BACK WALL DATE.  EVERY YEAR IQD LAND IS LED TO BELIEVE THAT THE BUDGET AND BUDGET RATIFICATION AND TAXES AND TARIFFS MEAN RV/RI AND THAT IS NOT THE CASE.
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Adam Montana (Dinar Guru) – […do you expect anything worthwhile to come out of the parliament meetings on the 16TH and the 19TH.]   YES – if not an actual RV, then at least some clues as to the path we’re on.  I’m very excited to see what we hear in the next 7-10 days.
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Millionday – “AsiaHawala is the first-ever mobile money service provider to launch in Iraq… pursuing a targeted strategy of enhancing the range of mobile financial and mobile commerce solutions for consumers and for business customers across its markets in the Middle East, North Africa and Southeast Asia…“  A FULL RANGE OF >> INNOVATED SOLUTIONS – THESE ARE FINANCIAL THAT ARE TIED INTERNATIONALLY…WIRES MONEY INTERNATIONALLY.  IMO — ECONOMICALLY IT HAS TO BE AT A RATE OF FAIR TRADE — THE INTERNATIONAL EQUATION HAS TO BE APPLIED FOR THE THE GLOBAL PRICING INDEX… THIS IS ACTION NOT TALK…IT IS LAUNCHED…
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Iraqi Dinar/Dollar auction (most recent listing) 01-14-15 

Currency Auctions Announcement No. 3115

This daily currency auction was held in the Central Bank of Iraq on the 01-15-2015

The results were as follows:

More: http://dinarupdates.com/observer/
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wmawhite (Dinar Guru) – Quote:   “Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.”    MCP…..Multiple Currency Practice…The auctions are required because of the MCP…More than one currency on the street.   there is an agreement… again, announced by the IMF that Iraq will move forwards removing the MCP…dual currencies…leaving the IQD as the only currency.  they have no reason not to tell the world…Iraq wants the world to recognize their efforts…everyday we see proof that it is getting done.
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Adam Montana (Dinar Guru) – I mentioned last week that we were looking forward to the 16th and the 19th. That hasn’t changed.  What we are seeing in the news feed, though… THIS is very encouraging in my opinion!  It’s real simple – Iraq is throwing news at us faster than the Google can even translate it.  The news is this:  1. We have no plans to change the exchange rate.  2. We plan to change the exchange rate.  And after you get done reading 17-29 poorly translated articles, suddenly you realize one more thing…there’s nothing else in the news.  Whaaa?!  YEP, that’s right!  You’re all smart enough to figure this out! I’ll end my update with one small  caveat – there’s a chance that we’re not going to see anything happen. Ever.  But there’s also a good chance that we’re watching history right now.  I’m loving this ride.
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Mnt Goat (Dinar Guru) – There is much news and it is all progressing nicely… It is my opinion that Iraq is still moving to late January/early February target dates for some reason. We are also being told now they want to conclude ISIS fighting in region of Mosul by end of month too. WOW!  They have told us targets for HCL, General Amnesty law, Federal Council law also in this timeframe. Remember that even though we see signs that these laws may be already in the implementation stage they are not “official” until parliament passes them, Masuam ratifies them and they are posted in the gazette.  Just recently we learned about a “Comprehensive Reconciliation” law now being drafted by the council of ministers. This law also is expected to peep its head into parliament at the end of the month. This one we will have to watch carefully too.
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Kaperoni (Dinar Guru) – Article quote:   “A member of the Economic Committee in the House of Representatives Ali Sobhi al-Maliki said his committee held a meeting with Governor of the Central Bank of Iraq, where the latter stressed that it is not possible to raise the value of the Iraqi dinar against the dollar.”    IMO this is a great article because even though they can’t at this time, they are confirming (of sorts) that the plan is to raise the value of the dinar.  
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Frank26 (Dinar Guru) – Yesterday the Prime Minister from Vietnam spoke about his currency…he said the move is only one of several measures to strengthen the role of the VN currency and steady the forex market…we are going to float…free like a bird…so what happened last week…the VND had two increments of growth…this is what a free float is all about…You know why else VN is doing the free float…well it is because we are trying to lift the 000’s from the streets…and you are worried the value is going to go down…I suppose you think the value of the IQD is going down too…NAM and many other countries are doing their own currency reforms…NAM is doing the same thing as Iraq…we know.
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tman23 (Dinar Guru) – We know that the optimum time for Iraq to lift the 3 zeros was at the start of the New Year (and this was in ink from Shabibi a few years ago).  We know that lifting the 3 zeros deals with a new system of accounting…We have seen articles that the banks have been instructed to “switch over”.  The GOI was h^ll bent on getting the 2016 Budget passed before the New Year…AND now has slow walked it to being published in the Gazette.   Make no mistake that “most likely” the process to lift the 3 zeros is in motion and being used in internal accounting processes.  This Sunday we should see some positive affirmations…IMO.
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Delta (Dinar Guru) – There is nothing wrong with this devaluation of the dinar…there’s a difference between the street value and the value within the CBI which is exactly one of the two compliances of the IMF in order to lift Article 8…The Finance Committee has CONFIRMED the presence of a project to reconsider the dinar exchange rate with the dollar with the government and the CBI…that is big…the CBI and the GOI together…that is a big step… understanding we got to do something about our exchange rate …this is HUGE for them to admit yes we are devaluing…we are devaluing because we are forfilling the IMF regulations of what we have to do.  Look only the CBI and the IMF knows the date and the rate.

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BGG (Dinar Guru) – [ “Can you believe that very possibly within the next few weeks…all of you may have an entirely different life because your this investment may have come to pass.”]  could be more like 7-10 days…
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wmawhite (Dinar Guru) – Can you believe that very possibly within the next few weeks…all of you may have an entirely different life because your this investment may have come to pass.  From what we are seeing everyday, we have reason to believe that this is coming to us.
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Kaperoni (Dinar Guru) – Press Release:  “IMF Managing Director Approves a Staff-Monitored Program for Iraq”  Here is something really key…from a chart on page 32.  The CBI was suppose to accept Article VIII in 2012!  That was exactly when Shabibi was run off.  “October 2012   Article VIII acceptance”  Over 3 years behind schedule!  Quotes: “19. The government will maintain the Iraqi Dinar’s peg to the U.S. dollar…” “20.   …Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions…”   IMO, though #19 says…”maintain the Iraqi dinar’s peg to the U.S. dollar“ I do not believe that will be the case once they have moved to Article VIII…since this move will invite investment to Iraq (open the door to the new wild west of investment), it will create inflationary pressure. As a result, the dinar must float to compensate. In any event, once they are in Article VIII, the pressure created on Iraq’s economy, will cause the dinar to rise in value (Balassa Samuelson effect)…so we should be very optimistic and excited that Article VIII appears to be coming this year.

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rcookie – THEY HAVE MET EVERY SINGLE IMF & WB MANDATE TASKED TO THEM…AML & INVESTMENT LAWS…SALARY LADDER AND REGRADING…SUBSIDY CUTS…DEFICIT REDUCTION…TARIFFS IMPLEMENTED…NON OIL REVENUE STREAM FOCUS…THE ONLY THING MISSING IS MONETARY REFORM
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Frank26 (Dinar Guru) – You know those coins that came out and everyone is calculating…this was that price and that was that price…STOP IT…no one knows the date or the rate…they are not going to give you the variables that would allow you to calculate these things…your calculations…they have nothing to do with a rate...they are for two things…Number 1….they are for SECURITY… because they are working on SECURITY at the CBI and they are not working on the MR because they have turned in their homework and that homework is being graded by the IMF…the second thing…it is the lifting of the 000’s…again with the lifting of the 000’s…they will always lift 000’s up until the last second…it is the proper bookkeeping for them to do.
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SteveI (Dinar Guru) – […if a 100 dinar gold coin is worth @ $582 after rv, that’s a exchange rate of @ $5.82…If my math is right.]  Your math is correct for this coin only and has nothing to do with the value or future value of their currency.  This is a collectors item only! This coin will hold the value according to the gold index period.
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BGG – [With the exception of the gold coins. What is the biggest news story of the week and why?]   The biggest thing to me – in this whole budget thing…they don’t seem to be afraid of spending A LOT more than they have coming in…what do they know that we don’t?
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SteveI (Dinar Guru) – “no intention to amend the dinar exchange rate and that what is declared by the otherwise from any person or entity has not considered particularly after it has been installed price in the budget agreement with the Government and the International Monetary Fund.”   Iraq has developed a master plan and you will be amazed when you find out how they are going to accomplish this…just let Iraq (CBI) and the IMF execute this plan after the security of the country is under control.  Everyone will benefit.
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wmawhite (Dinar Guru) – [With the exception of the gold coins. What is the biggest news story of the week and why?]  All of the banks within Iraq being told that they MUST be on the same international accounting standards as the rest of the world. [Electronic at the borders.]  Very good!!! Very big too!   …these are all huge pieces to what Iraq will need to enter the markets as the IMF expects.
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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…

Colossians 3:23 (NKJV)

23 And whatever you do, do it heartily, as to the Lord and not to men,

Heavenly Father, Thank You that Jesus is our Peace! We pray that whatever we do today that we do it as unto You, Lord.

In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

Indicative rates – 01.12.2015

http://www.cbi.iq/

______________________________________________________________

Seeking leadership from politicians is foolish and dangerous. What we should seek is competent stewardship of taxpayer funds. – Will Spencer

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*** Current Posts ***

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BGG – I had a VERY interesting conversation with an int’l attny – he is hearing the same things… not sure what is up – but something has “stirred the waters” – over there or here, he’s not sure… but there is a lot of talk amongst the bigger players right now.  [was your conversation dinar related or just general financial convo?]  Pure Dinar – PURE  RV  related.
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wmawhite (Dinar Guru) – Something…that [Guru] rcookie was trying to point out as he present[ed]  the budget was that all of the IMF requirements concerning reforms were contained within the budget.   All of the discussion over the months are found within the budget. 
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

rcookie –  THE BUDGET AND ITS CONTENT WERE ONLY PART OF THE NEWS FROM LAST NIGHT…IN INK…TARIFFS & TAXES LAUNCHED…SMART CARDS (MOXIBUSTION CARDS) FOR IMPORT/EXPORT SINGLE WINDOW LAUNCHED…BUDGET POSTED (REVISED) WITH T&T AND STATEMENT OF POSTING IN GAZETTE…ELECTRONIC MECHANISMS FOR INTER COMMUNICATIONS BETWEEN ALL BORDER CHECKPOINTS… COMPLETE BREAKDOWN OF BUDGET LAST NIGHT  …MAJOR CHANGE IN CBI LAW & POLICY…ARTICLE 26 WITH CBI ABLE TO LEND DIRECTLY TO GOI…ALL LOANS FOR IRAQ…WB..IMF…ISLAMIC BANKS..COMMERCIAL BANKS…JICA JAPANESE LOAN…AND MANY MORE ALL ACCOUNTED FOR IN BUDGET. THE BUDGET IS IN 100% CONFORMITY WITH IMF & WB MANDATES AND EVERYTHING IS THERE INCLUDING KURDS 17%…PESHMERGA 3%…OIL AGREEMENT PARTICULARS…
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firefly (Dinar Guru) – You folks still trying to figure out the rate?  I GUARANTEE IT WON’T BE 5 CENTS…OR 1:1.  1:1 isn’t going to work.  I don’t do rates but anything less than pre war makes absolutely no sense to me just IMO.  Those are the only REAL numbers that have been in print… IMO…We are at the end now…From what I am being told by many people.  IMO they have run out of time…
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Kaperoni (Dinar Guru) – I don’t personally think any exchange rate used in the budget (operational side) means anything.  It simply can be recalculated at anytime at whatever the rate is because the budget is based on dollars.
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Iraqi Dinar/Dollar auction (most recent listing) 01-11-15 

Currency Auctions Announcement No. 3112

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

The results were as follows:

More: http://dinarupdates.com/blog/
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BGG – [Is it not true, where the CBI is saying they won’t change the rate, that the rate in the budget is already the new rate. This is how they can truthfully say they’re not changing it?]  it is true “someone” in the CBI has said they won’t change the rate… this rhetoric means little… there is no evidence the new rate is the the budget – or even that it would have to be? Did China have to go back and redo their budget once they revalued their currency up by 20%?  No.  Moreover – why would they “telegraph” such information?  there may well be articles saying as much… but until we actually see it in the Gazette and “in the budget” – there is no such evidence.  This is serious business… little people like us may be “on the fence” – but I can assure you – there are big investors out there keeping an eye on this, they are still “on board”.
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Bluwolf (Dinar Guru) – We are minutes away from receiving some news on what we have been expecting for the last 14 years.  This is imminent now…  Be prepared and have all plans ready, it will be soon in my honest opinion.
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Mnt Goat (Dinar Guru) – As time passes Iraq sneaks out new target windows to us.  …between now and the end of the month we should begin to slowly see more rhetoric about the project to delete the zeros as we come closer to the timeframe.  ...they came right out in early December and flat out told us they were “postponing” this timeframe and moving it back to late January / early February.  Is Mnt Goat committing to an RV date?  NO! Absolutely not. I am simply giving you the FACTS and how they seem to be focusing on a timeframe.   [post 2 of 2]
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Mnt Goat (Dinar Guru) – …we sit and we await for the “official” word from the CBI to allow the distribution of the new lower denominations. We know that when they do launch the lower denominations this must first be accompanied with a significant increase in value and we are told it will be a 1:1 par value with the US dollar.  We also know that Iraq is trying to time other events too like paying out on HCL and the Pensions program with the launching of the lower denominations. All three of these events can mandate a significant increase in the dinar value but the GOI would rather feels it not wise to launch one without the others.  [post 1 of 2….stay tuned]
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Frank26 (Dinar Guru) –   “after it has been installed price in the budget agreement with the Government and the International Monetary Fund “.   Math …Is done.
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wmawhite (Dinar Guru) – […how long till they are Article 8?]  IMO, that is what the CBI is working so closely with the IMF about.   IMO, entering the markets during the 1st part of 2016 requires an international recognized currency which is an Article 8 currency.
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Delta (Dinar Guru) – “after it has been installed price in the budget agreement with the Government and the International Monetary Fund “.   IT LOOKS LIKE THE NEW BUDGET HAS A RATE THAT WAS AGREED WITH THE IMF.
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wmawhite (Dinar Guru) – folks, the CBI has the ball inside the 10 yard line. It needs a touchdown, and field goal will not help because there is less than a minute left to play…all of this other stuff; hcl, amnesty law, national guard law is extra stuff we don’t care about….concentrate on the ball and the CBI.   IMO…this game is winding down and I am amazed at the information we continue to be provided.  The IMF told you and me how this will play out…remember, they said…that Iraq will enter the market during the 1st part of 2016.  Based upon that information you know how it will play out.
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tman23 – The IMF did make the statement that Iraq will enter the world market 1st part of 2016… So ask yourself…What does Iraq have to export from agriculture or manufacturing?   NOTHING IS THE ANSWER!  So again, why announce Iraq to the world market? The only reason can be to exchange their currency for foreign currency to purchase imported goods. None of that means our 3 zero notes will be worth more money. WE only hope that it will be worth big returns on exchange.
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

2 Corinthians 9:8 (NKJV)

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

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

In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.11.2015

______________________________________________________________

What this country needs is more unemployed politicians. – Edward Langley

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

rcookie –  THE BUDGET AND ITS CONTENT WERE ONLY PART OF THE NEWS FROM LAST NIGHT…IN INK…TARIFFS & TAXES LAUNCHED…SMART CARDS (MOXIBUSTION CARDS) FOR IMPORT/EXPORT SINGLE WINDOW LAUNCHED…BUDGET POSTED (REVISED) WITH T&T AND STATEMENT OF POSTING IN GAZETTE…ELECTRONIC MECHANISMS FOR INTER COMMUNICATIONS BETWEEN ALL BORDER CHECKPOINTS… COMPLETE BREAKDOWN OF BUDGET LAST NIGHT  …MAJOR CHANGE IN CBI LAW & POLICY…ARTICLE 26 WITH CBI ABLE TO LEND DIRECTLY TO GOI…ALL LOANS FOR IRAQ…WB..IMF…ISLAMIC BANKS..COMMERCIAL BANKS…JICA JAPANESE LOAN…AND MANY MORE ALL ACCOUNTED FOR IN BUDGET. THE BUDGET IS IN 100% CONFORMITY WITH IMF & WB MANDATES AND EVERYTHING IS THERE INCLUDING KURDS 17%…PESHMERGA 3%…OIL AGREEMENT PARTICULARS…
______________________________________________________________

firefly (Dinar Guru) – You folks still trying to figure out the rate?  I GUARANTEE IT WON’T BE 5 CENTS…OR 1:1.  1:1 isn’t going to work.  I don’t do rates but anything less than pre war makes absolutely no sense to me just IMO.  Those are the only REAL numbers that have been in print… IMO…We are at the end now…From what I am being told by many people.  IMO they have run out of time…
______________________________________________________________

Kaperoni (Dinar Guru) – I don’t personally think any exchange rate used in the budget (operational side) means anything.  It simply can be recalculated at anytime at whatever the rate is because the budget is based on dollars.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 01-11-15 

Currency Auctions Announcement No. 3112

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

The results were as follows:

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

BGG – [Is it not true, where the CBI is saying they won’t change the rate, that the rate in the budget is already the new rate. This is how they can truthfully say they’re not changing it?]  it is true “someone” in the CBI has said they won’t change the rate… this rhetoric means little… there is no evidence the new rate is the the budget – or even that it would have to be? Did China have to go back and redo their budget once they revalued their currency up by 20%?  No.  Moreover – why would they “telegraph” such information?  there may well be articles saying as much… but until we actually see it in the Gazette and “in the budget” – there is no such evidence.  This is serious business… little people like us may be “on the fence” – but I can assure you – there are big investors out there keeping an eye on this, they are still “on board”.
______________________________________________________________

Bluwolf (Dinar Guru) – We are minutes away from receiving some news on what we have been expecting for the last 14 years.  This is imminent now…  Be prepared and have all plans ready, it will be soon in my honest opinion.
______________________________________________________________

Mnt Goat (Dinar Guru) – As time passes Iraq sneaks out new target windows to us.  …between now and the end of the month we should begin to slowly see more rhetoric about the project to delete the zeros as we come closer to the timeframe.  ...they came right out in early December and flat out told us they were “postponing” this timeframe and moving it back to late January / early February.  Is Mnt Goat committing to an RV date?  NO! Absolutely not. I am simply giving you the FACTS and how they seem to be focusing on a timeframe.   [post 2 of 2]
______________________________________________________________

Mnt Goat (Dinar Guru) – …we sit and we await for the “official” word from the CBI to allow the distribution of the new lower denominations. We know that when they do launch the lower denominations this must first be accompanied with a significant increase in value and we are told it will be a 1:1 par value with the US dollar.  We also know that Iraq is trying to time other events too like paying out on HCL and the Pensions program with the launching of the lower denominations. All three of these events can mandate a significant increase in the dinar value but the GOI would rather feels it not wise to launch one without the others.  [post 1 of 2….stay tuned]
______________________________________________________________

Frank26 (Dinar Guru) –   “after it has been installed price in the budget agreement with the Government and the International Monetary Fund “.   Math …Is done.
______________________________________________________________

wmawhite (Dinar Guru) – […how long till they are Article 8?]  IMO, that is what the CBI is working so closely with the IMF about.   IMO, entering the markets during the 1st part of 2016 requires an international recognized currency which is an Article 8 currency.
______________________________________________________________

Delta (Dinar Guru) – “after it has been installed price in the budget agreement with the Government and the International Monetary Fund “.   IT LOOKS LIKE THE NEW BUDGET HAS A RATE THAT WAS AGREED WITH THE IMF.
______________________________________________________________

wmawhite (Dinar Guru) – folks, the CBI has the ball inside the 10 yard line. It needs a touchdown, and field goal will not help because there is less than a minute left to play…all of this other stuff; hcl, amnesty law, national guard law is extra stuff we don’t care about….concentrate on the ball and the CBI.   IMO…this game is winding down and I am amazed at the information we continue to be provided.  The IMF told you and me how this will play out…remember, they said…that Iraq will enter the market during the 1st part of 2016.  Based upon that information you know how it will play out.
______________________________________________________________

tman23 – The IMF did make the statement that Iraq will enter the world market 1st part of 2016… So ask yourself…What does Iraq have to export from agriculture or manufacturing?   NOTHING IS THE ANSWER!  So again, why announce Iraq to the world market? The only reason can be to exchange their currency for foreign currency to purchase imported goods. None of that means our 3 zero notes will be worth more money. WE only hope that it will be worth big returns on exchange.
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

2 Thessalonians 3:5 (NKJV)

5 Now may the Lord direct your hearts into the love of God and into the patience of Christ.

Heavenly Father, Thank You that You are Love! Thank You Lord, for directing our hearts into the love of God and into the patience of Christ! In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.06.2015 (no change as of 01/05)

______________________________________________________________

Everyone thinks of changing the world, but no one thinks of changing himself. – Leo Tolstoy

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Millionday – Article quote:  “Announced the Ministry of Commerce for import licenses to embrace the receipt of fees and export via the smart card ironing Card as of the tenth of this month…”  NOTE — THE SMART CARDS ARE TO BE ABLE TO BE USED BY THE 10TH OF THIS MONTH FOR EXPORT FEES ETC.   THE SMART CARD WILL ALLOW DOCUMENTATION AND IT IS BEING ANNOUNCED AS THE BEST WAY TO BEGIN TRADE FEES ETC… HUGE NEWS…
______________________________________________________________

tman23 (Dinar Guru) – THE ONLY THING WE NEED TO KNOW AS A FACT IS THE CBI GAVE THE GREEN LIGHT TO LIFT THE 3 ZEROS BACK IN MARCH OF 2015…AND THE 2ND ONLY THING WE NEED TO KNOW IS SHABIBI HAS APPEARED ACTIVE SINCE THAT ANNOUNCEMENT AND HE SAID IN THE PAST THAT THE TIME TO LIFT THE 3 ZEROS IS AT THE START OF THE NEW YEAR…NOT IN THE MIDDLE OF A QUARTER OR HALF WAY THROUGH THE YEAR. THOSE MY FRIENDS ARE FACTS STRAIGHT FROM THE SOURCES THAT COUNT…
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Frank26 (Dinar Guru) – THERE ARE NO TAX AND TARIFFS RIGHT NOW…at the borders or anywhere, not until this new budget law is IMPLEMENTED…that’s what’s going to MOVE IT FORWARD.  So, inside the budget…is the 4th part of the HCL…THE MOMENT YOU SEE THAT HCL, it’s because THERE’S A RATE CHANGE.   I’m not happy they did not raise the exchange rate on Jan. 1st, because IMO they were supposed to.   I do know they are progressing and I’m happy and I know they’ve got the first quarter LEGALLY with the 2016 CONTRACTS WITH THE IMF AND BIS FOR THE 1ST QUARTER.  1-1-16 IMO was the date they missed and that’s why I tell you there is NO RV IN JANUARY and that’s why I tell you to look for the BUDGET LAW in the GAZETTE. THEN WE CAN CONTINUE THIS MONETARY REFORM with still 2 months left in the 1st quarter of 2016.   [post 2 of 2]
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Frank26 (Dinar Guru) – We told you they’re looking for the TRIFECTA on the 31st-1st. What was that trifecta? We were looking for the tax and tariffs and we were looking for lower denom’s? We we don’t need to look for the LD’s right now – other things are happening that’s so important for the MR.  EVERYBODY was HOPING we would see something on the 31st-1st. E-V-E-R-Y-0-N-E on this planet had expectations for the 1st of 2016.  A long weekend, at the beginning of the year – a perfect opportunity.  But I want you to know something…Sunday…They ratified the 2016 budget and THEY ALL SIGNED IT…which is they passed it.   The 2016 BUDGET LAW IS NOW GOING TO BE ANNOUNCED AND IMPLEMENTED.  And, until we have the budget law, you will not have a budget for 2016.  It’s a new law that APPROVES THE BUDGET. The Budget Law is what activates the 2016 budget and we believe within the next 72 HOURS THE BUDGET LAW WILL BE PRINTED IN THE GAZETTE.  [post 1 of 2….stay tuned]
______________________________________________________________

TD – Regarding the recent quote by the CBI regarding “re-evaluation of the investment shares” etc. etc.   I checked with my Kurdish friend about the meaning/translation of that message and he basically concurs with what [Guru] American Contractor recently wrote and that is this is a call from the CBI to its banks, financial institutions, stock market based companies to “consolidate and finalize their books ” for fiscal 2015″. Essentially people are misreading the translation. It has NOTHING to do with currency rate change.

(BEWARE THESE TWO GUYS) ______________________________________________________________

Chattels (Dinar Guru) – But we do also know this. The IMF is refusing to fulfill the 1.2 billions left of dispersement on a loan they approved for Iraq in October 2015 until they fulfill their part of the agreement to complete the currency reform. Zebari said in his interview yesterday that the IMF loan proceeds had been received.   …Or World Bank Loan.!   Quote:   ” …a few days ago we received one billion and 200 million dollars from the World Bank…”  None left to disperse from the 1.2 billion it would appear. [post 2 of 2]
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Chattels (Dinar Guru) – Article quote:  “The Kurdish government will stop delivering oil to the central government in Iraq and will instead export oil independently to make up for its budget shortfalls “, said the chairman of the KRG’s finance and economic affairs Izzat Sabir Ismael told Bloomberg News.” This statement is not from some irrelevant MP. It is the the chairman of the KRG’s finance and economic affairs. If true then the oil and gas provision in the Iraqi budget has just been nullified.  I doubt that the Kurds will be sending any tariff revenues to Baghdad either.  My sense is that the Kurds are approaching “self sufficiency” with their oil exports or at least revenues equal to or greater than funding from Baghdad.   I had some hope for this budget law, but…we shall see.  [post 1 of 2….stay tuned]
______________________________________________________________

Stryker (Dinar Guru) – Exchange Rate Flexibility:  News on one of the world’s developing market’s move to be more flexible on their exchange rate starting today:  Article quotes:  “Jan 3 Vietnam will announce a central rate for the dong/dollar each day starting from Monday, shifting from a fixed rate of 21,890 dong/dollar to allow more flexibility, the central bank said on Sunday.”  “Under the current system the dong trades around its fixed rate, which the central bank adjusts only occasionally.”  That tells me, and others, that Vietnam is going to announce a new rate and moving it’s current system to a managed float regime in the next few days. Starting in 2011 the White House started asking the developing markets of the world to start being more flexible on their exchange rates and then in 2013 the G-20 nations reiterated their commitment to move more rapidly toward more market-determined exchange rate systems and exchange-rate flexibility. Today we see this finally taking place with the Vietnam announcement above.
______________________________________________________________

Millionday – “the State will travel to reconsider monetary policy to contribute to a possible cash flow and be able to make some changes to this policy for the exchange rate, auction, banks, dealing with imports,” adding that “there will come the need for changes change that got the Iraqi revenues.”   NOTE — THE POLICY IN PLACE RIGHT NOW DOES NOT WORK SOFOR — CASH FLOW, EXCHANGE RATES, AUCTION, BANKS AND IMPORTS THERE IS A NEED FOR THE NEW MONETARY POLICY TO BE PUT IN PLACE COMING WITH THE 2016 BUDGET.  SO THE GOAL IS TO ACHIEVE THE MOST WITH THE DINAR AND ITS RATE AGAINST THE DOLLAR BY CHANGING THE MONETARY POLICY OF CBI TO ITS NEW EDITION.
______________________________________________________________

Frank26 (Dinar Guru) – May I Kindly offer this: Why only hear…No RV in January?  Yet not listen to what we said about the 1st quarter of 2016?  I said IRAQ messed up IMO on the 1/1/16.  Never said the 1st quarter was flushed down the toilet.  Then fortified it with USA and Britain busting down the doors at the UN for a request of a frightful tactic that simply SCARES THE HELL OUT OF IRAQ…SANCTIONS!
______________________________________________________________

Stryker (Dinar Guru) – Article quotes:  “All G-20 nations reiterated their commitment to move more rapidly toward more market-determined exchange rate systems and exchange-rate flexibility” “Leaders expressed their strong support for the elaboration of a post-2015 development agenda.”  We are now post-2015 and we are starting to see many changes around the corner, not only for Iraq but for many other developing countries. Keep your chin up folks and we will see these changes come sooner than some think.  Things that we need to see take place are still being aligned and implemented, we are in great shape, these of course are just my summations of the facts and I could be completely wrong.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 01-05-15 

Currency Auctions Announcement No. 3109

This daily currency auction was held in the Central Bank of Iraq on the 01-05-2015

The results were as follows:

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

wmawhite (Dinar Guru) – The CBI, IMF and WB has told us soooooo much information of late that I believe there could be major movement of the monetary reform any day.
______________________________________________________________

mike (Dinar Guru) – I would have bailed from any other “investment” long ago if the leaders were half as inept as Iraq’s leadership.   Kap’s [Guru Kaperoni] right though, they’ll either squander all their reserves and become insolvent or they’ll move the currency forward by the summer.  
______________________________________________________________

Poppy3 – [use to see articles about Iraq joining the WTO but now i do not, how does the IQD become international, unless iraq because a full member?]  THEY NEED THE RATE…THEY NEED MORE THAN TO BE A GUEST MEMBER… THEY HAVE TO BE A FULL MEMBER TO HAVE A GLOBAL TRADEABLE CURRENCY SO WE WAIT AND WATCH EVERY MOVE EVERY DAY.  REMEMBER KUWAIT ANNOUNCED ON THE MORNING THEY HAD INDICATED THEY WHERE GOING TO CHANGE THEIR RATE.  THAT MORNING THEY ANNOUNCED NO CHANGE FOR AT LEASED 3 MORE MONTHS.  THAT VERY AFTERNOON…EARLY EVENING BAM , BAM THEY REVALUED. 
______________________________________________________________

Kaperoni (Dinar Guru) – Article quote:  “but at this time no one can, not even Iraq to continue on the previous policy, because it is impossible to live on oil revenues only…”   All of these conditions are in our favor.  Remember, the worse things get, the more they will do what they should be doing.  
______________________________________________________________

Millionday – THE TERRORISM GOING ON RIGHT NOW HAS IMPACTED THE GLOBE BUT ECONOMICALLY IRAQ WILL NOT BE STOPPED IN GROWTH OR PLANS…
______________________________________________________________

Mnt Goat (Dinar Guru) – But here we sit with still no action. But remember it is only Jan 4th and still just only weeks from these events. So do not get discouraged. Remember too Iraq hardly ever does anything on time and is always weeks or even months late. I am also getting other conflicting information that they firmly intend to wait until late Jan to early Feb to continue the process to delete the zeros. But we do also know this. The IMF is refusing to fulfill the 1.2 billions left of dispersement on a loan they approved for Iraq in October 2015 until they fulfill their part of the agreement to complete the currency reform…be assured that that Iraq is under extreme pressure to drop those lower denominations and coins in the public and being the road to the “full” blown RV that we all want.  [post 2 of 2]
______________________________________________________________

Mnt Goat (Dinar Guru) – In about mid November the CBI began collecting what stockpiles of 3 zero notes were stored at the banks. This action was very significant and could only mean two things: 1) they were going to discontinue the money auctions soon since the capital to buy US dollars just dried up (remember the banks must purchase US dollars using the 3 zero notes), in fact they told us the auctions would end Jan 1st, 2) the CBI was preparing for a significant increase the value of the dinar and did not want to chance these older 3 zero notes being put back into circulation prior to the event. Yes – they were about to launch the new lower denominations and go 1:1 with the US dollar. Yes – the final stages of the process was about to begin.  [post 1 of 2….stay tuned]
______________________________________________________________

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

Enorrste (Dinar Guru) – Imposition of tariffs without a change to a float will not work. It will cause inflation in the country and place a heavy burden on the citizens of Iraq due to the higher prices. Unless they simultaneously allow the dinar to float (while reducing the money supply) then the Iraqi’s will see the value of their dinar fall precipitously due to the higher prices of imported goods.  The GOI tried this once already with trade into Kuwait and had to stop it immediately due to the disruption it caused. Now they are going to do it again over a larger territory.   [post 1 of 2….stay tuned]
______________________________________________________________

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

www.DinarUpdates.com

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

Word for the day…

2 Thessalonians 3:5 (NKJV)

5 Now may the Lord direct your hearts into the love of God and into the patience of Christ.

Heavenly Father, Thank You that You are Love! Thank You Lord, for directing our hearts into the love of God and into the patience of Christ! In Jesus Name, Amen.

Mrs. BGG

______________________________________________________________

CURRENCY CODE SELL BUY

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

http://www.cbi.iq/

Indicative rates – 01.05.2015

______________________________________________________________

Everyone thinks of changing the world, but no one thinks of changing himself. – Leo Tolstoy

______________________________________________________________

*** Current Posts ***

______________________________________________________________

Stryker (Dinar Guru) – Exchange Rate Flexibility:  News on one of the world’s developing market’s move to be more flexible on their exchange rate starting today:  Article quotes:  “Jan 3 Vietnam will announce a central rate for the dong/dollar each day starting from Monday, shifting from a fixed rate of 21,890 dong/dollar to allow more flexibility, the central bank said on Sunday.”  “Under the current system the dong trades around its fixed rate, which the central bank adjusts only occasionally.”  That tells me, and others, that Vietnam is going to announce a new rate and moving it’s current system to a managed float regime in the next few days. Starting in 2011 the White House started asking the developing markets of the world to start being more flexible on their exchange rates and then in 2013 the G-20 nations reiterated their commitment to move more rapidly toward more market-determined exchange rate systems and exchange-rate flexibility. Today we see this finally taking place with the Vietnam announcement above.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

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

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

Millionday – “the State will travel to reconsider monetary policy to contribute to a possible cash flow and be able to make some changes to this policy for the exchange rate, auction, banks, dealing with imports,” adding that “there will come the need for changes change that got the Iraqi revenues.”   NOTE — THE POLICY IN PLACE RIGHT NOW DOES NOT WORK SOFOR — CASH FLOW, EXCHANGE RATES, AUCTION, BANKS AND IMPORTS THERE IS A NEED FOR THE NEW MONETARY POLICY TO BE PUT IN PLACE COMING WITH THE 2016 BUDGET.  SO THE GOAL IS TO ACHIEVE THE MOST WITH THE DINAR AND ITS RATE AGAINST THE DOLLAR BY CHANGING THE MONETARY POLICY OF CBI TO ITS NEW EDITION.
______________________________________________________________

Frank26 (Dinar Guru) – May I Kindly offer this: Why only hear…No RV in January?  Yet not listen to what we said about the 1st quarter of 2016?  I said IRAQ messed up IMO on the 1/1/16.  Never said the 1st quarter was flushed down the toilet.  Then fortified it with USA and Britain busting down the doors at the UN for a request of a frightful tactic that simply SCARES THE HELL OUT OF IRAQ…SANCTIONS!
______________________________________________________________

Stryker (Dinar Guru) – Article quotes:  “All G-20 nations reiterated their commitment to move more rapidly toward more market-determined exchange rate systems and exchange-rate flexibility” “Leaders expressed their strong support for the elaboration of a post-2015 development agenda.”  We are now post-2015 and we are starting to see many changes around the corner, not only for Iraq but for many other developing countries. Keep your chin up folks and we will see these changes come sooner than some think.  Things that we need to see take place are still being aligned and implemented, we are in great shape, these of course are just my summations of the facts and I could be completely wrong.
______________________________________________________________

Iraqi Dinar/Dollar auction (most recent listing) 01-05-15 

Currency Auctions Announcement No. 3109

This daily currency auction was held in the Central Bank of Iraq on the 01-05-2015

The results were as follows:

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

wmawhite (Dinar Guru) – The CBI, IMF and WB has told us soooooo much information of late that I believe there could be major movement of the monetary reform any day.
______________________________________________________________

mike (Dinar Guru) – I would have bailed from any other “investment” long ago if the leaders were half as inept as Iraq’s leadership.   Kap’s [Guru Kaperoni] right though, they’ll either squander all their reserves and become insolvent or they’ll move the currency forward by the summer.  
______________________________________________________________

Poppy3 – [use to see articles about Iraq joining the WTO but now i do not, how does the IQD become international, unless iraq because a full member?]  THEY NEED THE RATE…THEY NEED MORE THAN TO BE A GUEST MEMBER… THEY HAVE TO BE A FULL MEMBER TO HAVE A GLOBAL TRADEABLE CURRENCY SO WE WAIT AND WATCH EVERY MOVE EVERY DAY.  REMEMBER KUWAIT ANNOUNCED ON THE MORNING THEY HAD INDICATED THEY WHERE GOING TO CHANGE THEIR RATE.  THAT MORNING THEY ANNOUNCED NO CHANGE FOR AT LEASED 3 MORE MONTHS.  THAT VERY AFTERNOON…EARLY EVENING BAM , BAM THEY REVALUED. 
______________________________________________________________

Kaperoni (Dinar Guru) – Article quote:  “but at this time no one can, not even Iraq to continue on the previous policy, because it is impossible to live on oil revenues only…”   All of these conditions are in our favor.  Remember, the worse things get, the more they will do what they should be doing.  
______________________________________________________________

Millionday – THE TERRORISM GOING ON RIGHT NOW HAS IMPACTED THE GLOBE BUT ECONOMICALLY IRAQ WILL NOT BE STOPPED IN GROWTH OR PLANS…
______________________________________________________________

Mnt Goat (Dinar Guru) – But here we sit with still no action. But remember it is only Jan 4th and still just only weeks from these events. So do not get discouraged. Remember too Iraq hardly ever does anything on time and is always weeks or even months late. I am also getting other conflicting information that they firmly intend to wait until late Jan to early Feb to continue the process to delete the zeros. But we do also know this. The IMF is refusing to fulfill the 1.2 billions left of dispersement on a loan they approved for Iraq in October 2015 until they fulfill their part of the agreement to complete the currency reform…be assured that that Iraq is under extreme pressure to drop those lower denominations and coins in the public and being the road to the “full” blown RV that we all want.  [post 2 of 2]
______________________________________________________________

Mnt Goat (Dinar Guru) – In about mid November the CBI began collecting what stockpiles of 3 zero notes were stored at the banks. This action was very significant and could only mean two things: 1) they were going to discontinue the money auctions soon since the capital to buy US dollars just dried up (remember the banks must purchase US dollars using the 3 zero notes), in fact they told us the auctions would end Jan 1st, 2) the CBI was preparing for a significant increase the value of the dinar and did not want to chance these older 3 zero notes being put back into circulation prior to the event. Yes – they were about to launch the new lower denominations and go 1:1 with the US dollar. Yes – the final stages of the process was about to begin.  [post 1 of 2….stay tuned]
______________________________________________________________

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

Enorrste (Dinar Guru) – Imposition of tariffs without a change to a float will not work. It will cause inflation in the country and place a heavy burden on the citizens of Iraq due to the higher prices. Unless they simultaneously allow the dinar to float (while reducing the money supply) then the Iraqi’s will see the value of their dinar fall precipitously due to the higher prices of imported goods.  The GOI tried this once already with trade into Kuwait and had to stop it immediately due to the disruption it caused. Now they are going to do it again over a larger territory.   [post 1 of 2….stay tuned]
______________________________________________________________

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