{"id":10871,"date":"2015-09-10T00:05:21","date_gmt":"2015-09-10T05:05:21","guid":{"rendered":"http:\/\/dinarupdates.com\/observer\/?p=10871"},"modified":"2015-09-10T22:06:56","modified_gmt":"2015-09-11T03:06:56","slug":"the-dinar-observer-daily-sept-10th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=10871","title":{"rendered":"THE DINAR OBSERVER DAILY SEPT 10th"},"content":{"rendered":"

Thank You to all our members, MODS, VIP\u2019s, Chat Copiers and News Researchers at<\/strong><\/span><\/em><\/h2>\n

www.DinarUpdates.com<\/span><\/a><\/strong><\/span><\/h2>\n

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Word for the day…<\/em><\/strong><\/h1>\n

Romans 8:37 (NKJV)<\/span><\/h1>\n

37 Yet in all these things we are more than conquerors through Him who loved us.<\/p>\n

Heavenly Father, Thank You for Your Amazing Love! Thank You that we are more than conquerors through Your love which is in Christ Jesus our Lord. In Jesus Name, Amen.<\/em><\/h2>\n

Mrs BGG<\/em><\/h2>\n

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Gratitude is not only the greatest of virtues, but the parent of all the others. – Marcus Tullius Cicero<\/em><\/span><\/h1>\n

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*** Current Posts ***<\/h1>\n

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Adam Montana –\u00a0<\/span><\/strong>We’re still waiting on movement with the HCL<\/strong>. It’s really that simple.\u00a0Once we see that happen, we’re moments away from “money in the bank”.<\/span><\/strong>
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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

\"\"Dinar Updates\u00a0\u200f@DinarUpdates\u00a0<\/strong><\/a>\u00a09s10 seconds ago<\/a><\/small><\/strong><\/p>\n

Jubouri: Parliament is keen to follow up the Iraqi government reforms<\/em><\/strong><\/p>\n

http:\/\/www.dinarupdates.com\/showthread.php?19833-Jubouri-Parliament-is-keen-to-follow-up-the-Iraqi-government-reforms&p=130295&viewfull=1#post130295\u00a0\u2026<\/a><\/strong><\/p>\n

\"\u0633\u0644\u064a\u0645-\u0627\u0644\u062c\u0628\u0648\u0631\u064aA\"<\/a><\/p>\n

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Stryker –\u00a0<\/span><\/strong>…the government is seeking to privatize\u00a0Rafidain and Rasheed Banks,\u00a0Iraq’s two state owned banks.\u00a0 These banks do not need to be privatized to see reform but must be moving in that direction according to the IMF itself<\/strong>.\u00a0In this same article…CBI Governor Ismail explained that the foreign currency reserves are at $60 billion but are at a safe level and there’s nothing to worry about at this time.\u00a0\u00a0Mr. Ismail also explained that the dinar is stable at the present<\/strong>, see this quote:\u00a0“If we look at the markets these days .. we will see that the price is very stable .. and very reasonable, so no need to worry about this at the moment<\/em>.”\u00a0\u00a0He goes on to talk about the international bonds\u00a0reintegrating Iraq back into the global financial system after years of wars and sanctions.<\/strong>
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firefly –\u00a0<\/span><\/strong>[any more info on the 2 banks being restructured as to the raise the level of the dinar<\/em>?]\u00a0 “World Bank Restructure the Rafidain and Rasheed in Order to Raise the Value of the Iraqi Dinar<\/em><\/strong>”
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FrostyTheSnowman –\u00a0<\/span><\/strong>Article quote:\u00a0 “Iraqi Prime Minister Haider al-Abadi said on Wednesday he had dismissed 123 deputy ministers and general managers<\/span>\u00a0as part of a reform push aimed at reducing corruption and mismanagement<\/em>…”\u00a0\u00a0GO Dr. Abadi GO!!!\u00a0…How about adding 1 more to the list to include M [Maliki].\u00a0\u00a0<\/strong>I think he could use a little …”adjustment”.
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Abadi: reforms included actors close to me and the Council of Ministers<\/strong><\/span><\/span><\/span><\/p>\n

\"NB-145842-635774768685479716A\"<\/a>Alsumaria News \/ Baghdad –<\/b>\u00a0confirmed the Prime Minister Haider al-Abadi, Thursday, that recent reforms announced by involving those close to him and the “actors” in the Council of Ministers,stressing that the reforms are not directed against persons or entities. Ebadi said in a speech during the first workshop for the implementation of reforms economic and followed up by Alsumaria News, “The reforms that we have taken is not directed against persons or entities,” noting that “I have had some scissors included their personal relationships and their role effectively in the Council of Ministers.” He said al-Abadi, that “the reforms will not stop and must include all aspects of the state and society,” stressing that “there may be political quotas to turn into obsession, and this is at the heart of what we do from the reforms.” It is said that Abadi, recently announced the launch of a series of packages and decisions Correctional after popular demonstrations and protests took place several Iraqi cities to demand reform and improve the services and the fight against corruption.<\/p>\n

http:\/\/www.dinarupdates.com\/showthread.php?19814-Abadi-reforms-included-actors-close-to-me-and-the-Council-of-Ministers-9-10-2015&p=130268&viewfull=1#post130268<\/strong><\/a>
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Enorrste –\u00a0<\/span><\/strong>The rise in the value of the dinar has nothing to do directly with inflation. \u00a0In addition, the CBI has never mentioned moving to a managed float.\u00a0\u00a0All reference has been to a free float. \u00a0The IMF has also pushed for a move to a free float. \u00a0It is my personal opinion that the dinar will rise quickly once it is released<\/span>.\u00a0<\/strong>\u00a0I suspect that the CBI is being cautious in its prognostications.\u00a0\u00a0 …a rising value of the dinar will lower internal prices within Iraq, not raise them. \u00a0Inflation has no part in a rising dinar value.
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Millionday –\u00a0<\/span><\/strong>Article quote:\u00a0“\u00a0…the draft reform of the inmates and depositors Law, and the Anti-Money Laundering and Financing of Terrorism Act.<\/em>”\u00a0\u00a0\u00a0IT IS READY FOR VOTE.\u00a0\u00a0 THEY EXPECT THE NATIONAL GUARD LAW TO BE DONE THIS WEEK.<\/strong>\u00a0 [Amnesty law, is it done, finished & voted on<\/em>?]\u00a0\u00a0\u00a0IT WAS ON THE TABLE WEEKS AGO BUT DON’T SEE IT AS DONE.<\/strong>
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BGG & wmawhite –\u00a0<\/span><\/strong>[anything on parliament today<\/em>?]\u00a0\u00a0 House of Representatives completed the second reading of the law of money laundering.\u00a0 that is a big move forward. 1 more reading and a vote…then enforce it.\u00a0\u00a0<\/strong>WB and IMF will be happy…\u00a0\u00a0 [Did it say when the next reading will be for that<\/em>?]\u00a0\u00a0I do not know – but I would suspect soon…they are moving on it with prejudice.\u00a0<\/strong>\u00a0the world wants reason to enter Iraq in big numbers.\u00a0 They want to help – but they won’t do so while everything goes directly into Maliki and other corrupt official’s pockets.
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\u201cStraight Talk Radio\u201d Call!!<\/strong><\/span><\/h1>\n

\u201cfor Dinar News \u2013 that MATTERS!!\u201d
\nfrom Thurs \u2013 9\/10<\/strong><\/em><\/span><\/h1>\n

Click\u00a0banner on mid-right of page!!<\/strong><\/em><\/span><\/h2>\n

Smart phone user link \u2013 Click here<\/a><\/strong><\/h2>\n

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Millionday –\u00a0<\/span><\/strong>Article quote:\u00a0 “Iraq seeks to open up to the world through the re-international banking relations across the branches of the Iraqi government banks abroad..<\/em>.”\u00a0\u00a0\u00a0\u00a0BANKS COMING TO IRAQ IS ONE THING >>>THIS IS SOMETHING ELSE…\u00a0IRAQ HAS PLANS OF OPENING 151 BRANCHES ACROSS THE WORLD<\/span>\u00a0— REMEMBER HOW LONG THIS HAS BEEN IN THE WORKS AND THE EXISTING BANKING RELATIONS NOW…THIS IS FOR TRADE AND INVESTMENT<\/strong>\u00a0— IMAGINE — THEY NEED AS MUCH AS POSSIBLE.
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Aggiedad77 –\u00a0<\/span><\/strong>Article:\u00a0 “Spokesman Abadi: Prime Minister will launch a new package of reforms within days<\/em>”\u00a0\u00a0PM Abadi is said to be ready with yet another round of reforms in the coming days<\/strong>…what will be the agenda this time…who will be appeased….who will be angered by his actions this go-round… paper being pushed by more paper…This will grow into a sign of weakness on the part of Abadi if he doesn’t start taking some serious action soon<\/strong>…saying you will do something is nothing…actions speak so much louder than words…
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Administrator Bob –\u00a0<\/span><\/strong>[…<\/em>we are in for still a long wait.<\/em>]\u00a0\u00a0<\/strong>I believe how long it takes is relative to the activation and success of a market economy. The new CBI loan program appears to be at least a very good start in the right direction<\/strong>…Now if parliament would pass those dang laws.
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The Exchange Rate of Foreign Currency in Economic Feasibility Studies\u00a0<\/strong><\/h2>\n

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

Estimate the shadow price of foreign currency:…<\/strong><\/p>\n

3.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar<\/strong>.<\/span> This price should be approved for 3 years until re-appreciation by the competent authorities.<\/p>\n

wmawhite –\u00a0<\/span><\/strong>Iraq will be selling what is called Euro Bonds…those are bonds in another country’s currency different from the seller of the bonds.\u00a0\u00a0\u00a0…bonds are not the indicator we are looking for.\u00a0 If I sell you a bonds that states you will receive at maturity $1 million plus 6% interest…do you care what the exchange rate is?\u00a0NO<\/strong>.<\/strong>
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Martha –\u00a0<\/span><\/strong>9\/15 is the meeting of the UN General assembly and there will be several MAJOR announcements…it is also the release of the UN Operational rates and I hope this time we are finally on point with this one or else we may have to wait till end of month.\u00a0\u00a0Iraq is ready and has been. She was prepared for the whole month of September to RV on a Tues-Thurs format… but there are those thought that there would be no rate change until DEC 31,2015 – NEW YEARS (hint hint).\u00a0 Keep the faith for WE are almost there.<\/strong>
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BGG –\u00a0<\/span><\/strong>I have some commentary “in review” of yesterday…Maybe I should have been a little more “tender” with my words.\u00a0I used the word “RV” apparently currencies don’t do that<\/strong>… I say…SEMANTICS.\u00a0 I care very little what terminology gets used. I care about getting things started OFF!!\u00a0 \u00a0Whatever the number – or the term – or what the “title page” looks like – I’m just looking for THE JUMPING OFF POINT…because once it gets going (again) their market will take care of the rest.\u00a0<\/strong>\u00a0\u00a0I also wonder what it has been called every time they changed the value of the Dinar since 2003 – (when it started out at around 4,000:1)?\u00a0\u00a0\u00a0it can’t have been a “float”…technically not an RV (according to some)…and again – I really could care less what they call it as long as the value goes up.<\/strong>
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Iraq’s prime minister is turning against Iran<\/span><\/h1>\n

\"qassem-soleimaniA\"<\/a><\/p>\n

RGC Quds Force chief Qassem Soleimani said the world will be surprised by upcoming events in Syria.<\/em><\/strong><\/h4>\n

Qassem Soleimani has many nicknames, generally containing one or both of the words \u201cshadow\u201d or \u201cdark.\u201d However, the commander of the Iranian Revolutionary Guard Corps\u2019 Quds Force has been operating in the light since the devastating advance of the Islamic State of Iraq and al-Sham (ISIS) began in the summer of 2014, but a year later is seeing him begin to wear out his welcome with Iraqi Prime Minister Haider al-Abadi…<\/p>\n

Read More:\u00a0<\/a><\/strong>http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/strong><\/p>\n

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My Ladies –\u00a0<\/span><\/strong>I KNOW THE DAY WILL COME WHEN THE DINAR RE PRICES… I DON’T KNOW WHEN THAT DAY IS THE CRYSTAL BALL IS STILL FOGGY.\u00a0\u00a0<\/strong>BASED ON WHAT’S HAPPENING IN THE WORLD CAN THIS BE A SOONER ARRIVAL FOR US?\u00a0\u00a0<\/strong>SURE…WHY NOT?<\/strong>\u00a0\u00a0BUT WHEN THEY ANNOUNCE THINGS AND BLOOMBERG AND RUETERS REPORTS THEM THINGS SUCH AS INTERNATIONAL BONDS. \u00a0THESE THINGS LEAD US TO THE NECESSITY FOR AN INTERNATIONAL STATUS AND PERHAPS A VALUE CHANGE.<\/strong>\u00a0\u00a0 BUT THEN THEY COME IN 30 DAYS LATER AND SAY UMMM OH YEA BY THE WAY…\u00a0 [post 1 of 2….stay tuned]
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Mnt Goat –\u00a0<\/span><\/strong>One of the biggest advantages of the lifting of the sanctions is the return of all frozen assets to the Iraqi government, estimated at $82 billion, according to Central Bank data.\u00a0 Its return will not only revitalize the economy, it will strengthen the value of the Iraqi dinar and increase its purchasing power.\u00a0\u00a0But TO THIS DAY IRAQ IS STILL FROZEN IN TIME and still using the post war provisional 3 zeroes notes, meant to be transitioned to the new, permanent currency prior to sanctions being lifted in 2013<\/span>.<\/strong>\u00a0 So we know the delay in currency reform and the project to delete the zeros is noted clearly and\u00a0there is pressure from members of parliament finance and economic experts who see the necessity to get the currency reforms completed since these projects can only help the dragging economy.<\/strong>\u00a0 [post 2 of 2]
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Mnt Goat –\u00a0<\/span><\/strong>I told you from mid August to mid September would be a very critical time for getting these reforms accomplished. I told you Abadi would make a final push to get them completed and it would be very sudden and unexpected by most. We are witnessing all of this now<\/strong>. I firmly expect Abadi to clean up the CBI and Dr Shabib to come back to an \u201cofficial\u201d capacity to head up the CBI once again before these projects kick off fully.\u00a0\u00a0\u00a0…it is very important and necessary for Iranian influence to be gone or greatly impaired in Iraqi politics and in the general influence of Iraq prior to any RV…the pressure is building now for this to happen too. Lots of pressure in all areas of getting rid of Iranian influence in Iraq..<\/strong>.\u00a0\u00a0 [post 1 of 2….stay tuned]
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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

\"\"<\/a>Don’t Miss “NEWS TIME” w\/Millionday in the DU CHAT ROOM – Friday evening at 7:30pm EST!!<\/span><\/strong><\/h2>\n

www.DinarUpdates.com<\/a>\u00a0–\u00a0save as favorite!!<\/strong>
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Millionday –\u00a0<\/span><\/strong>[Does a member of parliament carry much weight on monetary policy<\/em>?]\u00a0\u00a0\u00a0PARLIAMENT DOES HAVE WEIGHT ON POLICY — BECAUSE…EVEN THOUGH CENTRAL BANK IS INDEPENDENT — THEY ARE IN MONEY ACCOUNTABILITY — NOT ALL ECONOMIC MATTERS.\u00a0<\/strong>\u00a0THEY ARE A WORKING TEAM FOR THE COUNTRY — CENTRAL BANK IS ACCOUNTABLE FOR DISTRIBUTION AND APPLICATION OF RATES INFO ETC<\/span>\u00a0<\/strong>— ALL ECONOMIC POLICIES WORK TOGETHER.
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Martha –\u00a0<\/span><\/strong>In their professional opinion after being involved in Bond Offerings 100 times more valuable than Iraq’s,\u00a0one does not make this long of a trip to the 2 leading World Powers with the 3 Leading World Banks IF NOT INTENDING TO MAKE A DEAL to issue debt THAT WILL BE AN OFFERING EXTERNALLY IN THE GLOBAL FINANCIAL MARKETS<\/span><\/strong>.\u00a0\u00a0 Iraq is not here for a lot of talk and no action. They are hopefully here to sell Bonds, signed sealed and delivered in the Global World Markets.\u00a0\u00a0To do so, requires a rate and one considerably higher than is presently at 1186.\u00a0<\/strong>No Country and No Corporate Entity in their opinion are going to buy these Bonds on a promise from a country such as Iraq or any country for that matter with a Program Rate.\u00a0\u00a0It will require a RATE INCREASE FIRST.\u00a0<\/strong><\/span>\u00a0Naturally this is only the opinion of 2 close friends who have over 50 years of experience in the World Global Bond Markets and are Dinar Investors and who have been involved in not Billion<\/span>s…but Trillions of Bond Investments over their long careers.\u00a0 [post 2 of 2]
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Martha –\u00a0<\/span><\/strong>[new guru]\u00a0 \u00a0I decided to…meet for lunch with two of my close friends who are very active in the Chicago Financial Community who are considered by their peers to be 2 of the most respected Bond Traders around who just happen to also be very large Iraqi Dinar Investors as well…one of them will be at the upcoming meetings in London.\u00a0<\/strong>\u00a0Without a doubt, they both said that the United States and London are the 2 leading Bond Market Places in the World.\u00a0 In addition, Citigroup, Deutche Bank and JP Morgan are without a doubt the 3 leading underwriters of the World. Neither of these 2 Countries or 3 Banks are going to be blindsided by a Country such as Iraq.\u00a0\u00a0…the names listed representing Iraq on this trip are at the pinnacle of its own financial community. They would not be sending the best if not without orders to get a deal done.\u00a0<\/strong>\u00a0 [post 1 of 2….stay tuned]
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WELCOME TO ROUND TABLE CHAT w\/BGG<\/span><\/h2>\n

Thanks to Dinar Recaps for posting Round Table w\/BGG<\/strong><\/p>\n

BGG:<\/strong> I have some commentary “in review” of yesterday…<\/p>\n

BGG:<\/strong> Maybe I should have been a little more “tender” with my words. I used the word “RV” apparently currencies don’t do that (otherwise I’m an idiot – according to some commenters). I say… SEMANTICS<\/p>\n

BGG:<\/strong> I care very little what terminology gets used. I care about getting things started OFF!!<\/p>\n

BGG:<\/strong> Whatever the number – or the term – or what the “title page” looks like – J I’m just looking for THE JUMPING OFF POINT.<\/p>\n

BGG:<\/strong> because once it gets going (again) their market will take care of the rest.
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BGG –\u00a0<\/span><\/strong><\/strong>“...A member of the parliamentary economy calls for the deletion of zeros and the issuance of Banknotes small to strengthen the dinar…<\/em>”\u00a0\u00a0\u00a0which only means one thing…small notes and strengthening the Dinar = RV – period<\/span>…as of today we have a member of the Parliamentary Economic committee calling for the RV<\/strong>…my comments are backed up by some very mainstream reports.\u00a0 [How much of a push will that create now that the parliamentary economy has called for an RV<\/em>?]\u00a0\u00a0\u00a0I’m hoping – a “tremendous push”.\u00a0\u00a0<\/strong>
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wmawhite –<\/strong> <\/span>[Alot of people are now thinking 2016\/2017. \u00a0Any thought s on this?]<\/em>\u00a0I continue to believe that the CBI\/GOI continue to press forward and that they may reprice\/revalue the IQD at any moment.<\/strong>
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tman23 –<\/span> Think about this for a minute…….<\/strong> Flashback to more Shabibi statements….. The concern of loans to citizens and the documentation including the 3 zeros on the loans and the confusion that follows when lifting the 3 zeros………<\/strong> \u00a0They speak frequently about all the different loan programs…….. IMO…I don’t see them opening all the new windows and mechanisms with the inclusion of 3 zero accounting……<\/strong>Saleh says in the coming weeks……NOT SOON…… but coming weeks.<\/strong>
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Millionday –\u00a0<\/span><\/strong>TODAY [TUESDAY] IS THE LAST READING ON THE MONEY LAUNDERING LAW — PER AGENDA —THAT LEAVES A VOTE FOR THE LAW TO BE PUT IN PLACE —I AM SO EXCITED<\/span>.<\/strong>\u00a0 ABADI ALREADY GAVE THE OK TO LAUNCH THE ECONOMIC REFORM — THEY HAVE BEEN GIVEN THE OK TO RELEASE THE NEW CURRENCY…AND IRAQ IS A DEMOCRATIC COUNTRY.
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\"home7\"<\/a><\/p>\n

Iraqi Dinar\/Dollar auction 09-09-15<\/strong><\/span><\/h2>\n

Currency\u00a0Auctions\u00a0Announcement No. 3032 (most recent listing)<\/strong><\/p>\n

This daily currency\u00a0auction\u00a0was held in the Central\u00a0Bank\u00a0of Iraq on the 09-09-2015<\/p>\n

The\u00a0results\u00a0were as follows:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
DETAILS<\/td>\nNOTES<\/td>\n<\/tr>\n
Number of banks<\/td>\n24<\/td>\n<\/tr>\n
Number of\u00a0remittance\u00a0companies<\/td>\n11<\/td>\n<\/tr>\n
Auction price selling dinar \/ US$<\/td>\n1166<\/td>\n<\/tr>\n
Auction price buying dinar \/ US$<\/td>\n—–<\/td>\n<\/tr>\n
Amount sold at auction price (US$)<\/td>\n198,435,500<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n198,435,500<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More:\u00a0http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em>
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Aggiedad77 –\u00a0<\/span><\/strong>Article:\u00a0 “Jubouri: Parliament seeks to inter legislation important laws<\/em>”\u00a0\u00a0Speaker of Parliament Jubouri recognizes as many do that Parliament has a number of important laws that await legislation on their part…they must act.<\/span>..they must move forward if they expect to deal effectively with the demands of the demonstrators and the reforms that are being pushed…<\/strong>Parliament is an integral part of this puzzle and they MUST do their part to keep the Iraqi head above water…this is not a time for Parliament to grow stagnan…they must act.
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tlm724 –\u00a0<\/span><\/strong>Article:\u00a0 “Agency US: Iraqi investment bonds \u201cweak\u201d\u00a0\u00a0 Quote:\u00a0 “the Iraqi Finance bond strength rank B- weak, as shown that this category because of the vulnerability of Iraq\u2019s security and institutional risks impressive on the strength of its economy<\/em>”\u00a0 \u00a0had Iraq made better progress with their economic laws up til this point I believe this rating would have been at least a B or B+.\u00a0\u00a0\u00a0now\u00a0they are wanting to sell these bonds and the confidence in Iraq has not reached a comfortable level Yet and they are gonna feel those repercussions during this sale.<\/span>\u00a0 \u00a0they haven\u2019t proven that they can financially operate outside of oil sales after all these years they are still working towards a free market and\u00a0until they prove themselves financially responsible it\u2019s gonna be a hard sell on these bonds.<\/span><\/strong>
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Kaperoni –<\/span><\/strong>\u00a0Article quote:\u00a0 “whenever we were able to strengthen the country’s economy will be reflected on the value of the Iraqi dinar”<\/em>\u00a0I think there is a bit of translation error in this statement…\u00a0it translates as in past tense and I think we all agree Iraq has not strengthened the economy as of yet.\u00a0\u00a0So I believe she is confirming what we have been saying for quite a while that\u00a0as the economy grows, so will the dinar.<\/span><\/strong>
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Urgent!! A member of the parliamentary economy calls for the deletion of zeros and…<\/strong><\/span><\/h2>\n

\"\"<\/p>\n

[Baghdad – where]<\/strong> a member of the Parliamentary Economy and Investment has called for the issuance of Banknotes small to strengthen the Iraqi dinar…<\/p>\n

…The prime minister Haider al-Abadi, said on 17 July, said that “the Iraqi currency reserved and have a great economic power, hard currency is because it is backed also that Iraq has the potential and capabilities and we have the blessing of oil,”…<\/p>\n

BGG ~ I guess I should have said it like this on the call…<\/em><\/span><\/h2>\n

“…A member of the parliamentary economy calls for the deletion of zeros and the issuance of Banknotes small to strengthen the dinar…”<\/em><\/span><\/h2>\n

Which only means one thing…<\/em><\/span><\/h2>\n

…small notes and strengthening the Dinar = RV – period…<\/em><\/span><\/h2>\n

Sooooooo <\/em><\/span><\/h2>\n

…as of today we have a member of the Parliamentary Economic committee calling for the RV…<\/em><\/span><\/h2>\n

as of TODAY!!<\/em><\/span><\/h2>\n

Will they??\u00a0who knows…<\/em><\/span><\/h2>\n

But someone who sits on the very committee Abadi used be the Chairman of is asking for the SAME\u00a0THING YOU ARE!!<\/em><\/span><\/h2>\n

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Frank26 –\u00a0<\/span><\/strong>Article:\u00a0 “A member of the parliamentary economy calls for the deletion of zeros and the issuance of Banknotes small to strengthen the dinar<\/em><\/strong>“\u00a0\u00a0<\/strong>\u00a0When have You EVER seen a GOI member ask to lift the THREE ZEROS and give them the LD\u2019s?\u00a0\u00a0TEAM say the new policy is moving very fast.\u00a0 Days to hours…Not days to weeks<\/strong>. Interestingly good.
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Millionday –\u00a0<\/span><\/strong>Article:\u00a0 \u00a0“A member of the Parliamentary Economy and Investment has called for the issuance of Banknotes small to strengthen the Iraqi dinar.<\/em>”\u00a0\u00a0 THEY HAVE TO OPEN TO THE MARKET BECAUSE OIL IS NOT ALL THEY NEED FOR EMPLOYMENT ETC —\u00a0SO DUE TO THE ECONOMY AND >>><\/strong>FISCAL POLICY\u00a0<\/strong>THE SMALL NOTES ARE NECESSARY<\/strong><\/span>—WHOOOPOW.
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Breitling<\/span><\/strong>\u00a0…You have gained, you just don’t realize it yet\u00a0<\/span><\/strong>because people don’t count on the value of the dollar going down.\u00a0 So you’re looking for a hard revaluation\u2026it should have been here\u2026so that is your timeframe\u2026it should have been here<\/strong>.\u00a0 Think about it\u2026They get the note count down to about a billion and it should be around $3 and the last report we got was they were at 4 Billion<\/span><\/strong>.\u00a0 You saw what they did with the 50 dinar note.\u00a0 You know they are pulling a little off whenever they can.\u00a0\u00a0There is a reason they are coming out with bonds.\u00a0 There is a reason they are after the US dollar.\u00a0 there is a reason they got rid of the note count.\u00a0 There is a reason they passed these laws.<\/strong><\/span>\u00a0 [post 2 of 2]
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Iran Has Controlled Iraq For Years. Now It May Be Pushed Out.<\/strong><\/span><\/h1>\n

Iraq\u2019s top ayatollah and its prime minister are subtly challenging widespread Iranian influence.<\/strong><\/h2>\n
\"\"<\/a>
\n<\/em><\/h5>\n

WASHINGTON \u2014<\/strong>\u00a0Iran has for years exerted tremendous influence over Iraq, turning it into essentially a Shiite-led client state under former Iraqi Prime Minister Nouri al-Maliki. But a new protest movement in the country\u2019s Shiite-dominated south is a key sign that Tehran\u2019s power is waning, as Grand Ayatollah Ali al-Sistani and Maliki\u2019s U.S.-backed successor, Prime Minister Haider al-Abadi, make forceful moves to reclaim Iraqi independence…<\/p>\n

Read More:\u00a0<\/strong><\/a>http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/strong>
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Aggiedad77 –\u00a0<\/span><\/strong>Article:\u00a0 “A member of the parliamentary economy calls for the deletion of zeros and the issuance of Banknotes small to strengthen the dinar<\/em>”\u00a0 This is coming from a member of the Economic and Investment Committee…saying that the Iraqi’s need to either release the “small notes”…lower denoms…IMO…or direct the CBI to delete the 000’s…either would be consistent with their monetary policy<\/strong>…regardless of these types of steps…the Iraqis need to make a move on the Anti-Money Laundering Law…their time runs shorter every day to keep themselves from the Black List that they do not want to appear on…\u00a0<\/strong>
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Stryker –\u00a0<\/span><\/strong>More Revenue + Delete Zeros + Small Notes = More Value…It all adds up to a revaluation.<\/span>
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Frank26 –\u00a0<\/span><\/strong>In the next 21 days…You will see something EPIC in Iraq.<\/span>\u00a0<\/strong>NEVER seen there before.
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Calls for the activation of the central government’s program in support of the private sector<\/strong><\/span><\/h2>\n

\"\"<\/p>\n

The Central Bank of Iraq, Tuesday, that the loan, which was launched to finance projects depends on a legal product and consumer protection, pointing out that he can not be a monopoly ministries for all economic activities remain, while the government called for activating the program in support of the private sector…<\/p>\n

http:\/\/www.dinarupdates.com\/showthread.php?19650-Calls-for-activation-of-central-government-s-program-in-support-of-Private-Sector-9-8&p=130036&viewfull=1#post130036<\/strong><\/a>
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Aggiedad77 –<\/span><\/strong>\u00a0Today we see the Iraqi’s getting set to “promote” bond sales…international bonds<\/strong>…will they be in USD or Euros…personally at this point I don’t care…I’m more interested in when they will try and sell them…this is a closely guarded secret for some reason.<\/strong>
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tlm724 –<\/span><\/strong>\u00a0Article:\u00a0 “The central bank agrees to rehabilitate the Warka Bank<\/em>”\u00a0Quote:\u00a0\u201cthe Board of the Central Bank Board of Directors approved, today, the rehabilitation of the Warka Bank<\/em>.\u201d\u00a0this is good news for sure, Warka has been teetering on the fence of failure for years now!\u00a0 at least the CBI is stepping up<\/strong>…at this point in the economic plan Iraq can\u2019t really afford to lose any banks
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Breitling –<\/span><\/strong>\u00a0[Do you have a feeling for the timing for a significant change of the dinar value?\u00a0 It’s been relatively the same for a very long time<\/em>.]\u00a0 There is a couple different ways you have to look at it.\u00a0\u00a0You got out of the US dollar and into the Iraqi dinar<\/span><\/strong>.\u00a0\u00a0 People don’t want to hear this\u2026they want to hear when it’s going to revalue.\u00a0\u00a0But this is a game\u2026\u00a0 If I was going to go into an investment and there was NOT going to be a huge revaluation in the currency, I would still look at the dinar.<\/span><\/strong>\u00a0\u00a0 Because knowing the value of the US dollar has to go down\u2026how much will the dinar go up?\u00a0 It’s a 27% return so far.\u00a0\u00a0 You just beat the S & P 500.\u00a0 It’s pretty remarkable.\u00a0 [Post 1 of 2…stay tuned for the rest of the story]
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\"home7\"<\/a><\/p>\n

Iraqi Dinar\/Dollar auction 08-09-15<\/strong><\/span><\/h2>\n

Currency\u00a0Auctions\u00a0Announcement No. 3031 (most recent listing)<\/strong><\/p>\n

This daily currency\u00a0auction\u00a0was held in the Central\u00a0Bank\u00a0of Iraq on the 08-09-2015<\/p>\n

The\u00a0results\u00a0were as follows:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
DETAILS<\/td>\nNOTES<\/td>\n<\/tr>\n
Number of banks<\/td>\n24<\/td>\n<\/tr>\n
Number of\u00a0remittance\u00a0companies<\/td>\n7<\/td>\n<\/tr>\n
Auction price selling dinar \/ US$<\/td>\n1166<\/td>\n<\/tr>\n
Auction price buying dinar \/ US$<\/td>\n—–<\/td>\n<\/tr>\n
Amount sold at auction price (US$)<\/td>\n193,228,083<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n193,228,083<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More:\u00a0http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em>
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ARTHUR –<\/span> THIS IS PRETTY SELF EXPLANATORY.<\/strong> \u00a0THIS MEMBER OF THE ECONOMIC COMMITTEE IS CALLING FOR THE RV. \u00a0[S]HE IS SAYING THE DINAR SHOULD BE EQUAL TO THE US DOLLAR AND THAT THE CBI\/GOI NEEDS TO DELETE THE ZEROS AND OR RELEASE THE LOWER DENOMS.<\/strong>\u00a0 [S]HE IS SAYING ANYBODY TRYING TO MANIPULATE THE 1 TO 1 IN THE MARKET WILL BE PROSECUTED. \u00a0[S]HE IS SAYING THIS IS READY DUE TO THE CORRUPTION CLEANUP CURRENTLY UNDER WAY.<\/strong> \u00a0LET’S NOW SEE HOW THE MEETINGS GO TOWARD THIS STATED GOAL.
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Poppy3 –\u00a0<\/span><\/strong>NEW RATE VERY NEAR AND NOT JUST WANTED BUT REQUIRED. THEY HAVE ANNOUNCED SEVERAL DEADLINES THAT REQUIRE AN ACCEPTABLE RATE BEFORE THE THINGS CAN BE MET.<\/span>\u00a0 PERIOD.\u00a0 NO DEBATE IT IS FACTUAL<\/strong>. RELAX WE ARE IN GREAT POSITION IN GOOD HANDS.
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Mnt Goat –\u00a0<\/span><\/strong>So we are witnessing the economic strength and power of the OPEC and the GCC in the…article. This is such HUGE news as Saudi Arabia and other member are willing to help Iraq through this economic crisis by cutting oil production.\u00a0They are doing this to raise oil prices, something which we know Iraq needs desperately to stabilize its economy and help in it\u2019s stabilization of the Iraq dinar (thus the RV later).\u00a0 This is yet another tool being used to assure Iraq WILL SURVIVE AND WILL SUCCEED.<\/strong>\u00a0How can you not succeed in the long term when so many countries are behind you?\u00a0 [post 2 of 2]
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\u201cStraight Talk Radio\u201d Call!!<\/strong><\/span><\/h1>\n

\u201cfor Dinar News \u2013 that MATTERS!!\u201d
\nfrom Tues \u2013 9\/08<\/strong><\/em><\/span><\/h1>\n

Click\u00a0banner on mid-right of page!!<\/strong><\/em><\/span><\/h2>\n

Smart phone user link \u2013 Click here<\/a><\/strong><\/h2>\n

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Mnt Goat –\u00a0<\/span><\/strong>“ECONOMIC SPECIALIST: OPEC WILL CUT ITS PRODUCTION RATES TO SAVE THE ECONOMY OF IRAQ<\/em>”\u00a0\u00a0I simply luv this article …\u00a0 It is telling us so much about the OPEC and the GCC. The GCC is the Gulf Cooperation Council. It is a political and economic alliance of six Middle Eastern countries\u2014Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain,Oman and now Iraq.\u00a0Arguably the most important article of the GCC charter is Article 4, which states that the alliance was formed to strengthen relations among its member countries and to promote cooperation among the countries\u2019 citizens. The GCC also has a defense planning council that coordinates military cooperation between member countries.<\/strong>\u00a0 [post 1 of 2….stay tuned]
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BGG –\u00a0<\/span><\/strong>Several major laws on deck for next week…\u00a0Anti-Money Laundering Law…\u00a0Investment Law…and National Guard Law – (plenty of ink on all three)<\/strong>…The bonds are a huge failure so far. They got a not so great credit rating… again. [Will a currency rate increase make bonds successful IYO<\/em>.]\u00a0 \u00a0not really – (it might help) … but the point is – the bonds wouldn’t produce the dough they need. A currency rate would…at least bridge their short term budget issues…\u00a0 \u00a0<\/strong>[Do you think Abadi is coming here to promote the bonds this week<\/em>?]\u00a0\u00a0I don’t – bonds (on their best day) won’t save them…it’s something else…<\/strong>
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firefly –\u00a0<\/span><\/strong>“Breaking News CBI Governor assures agreeing with Banks Union on unified exchange rates…Published: 2015\/6\/20<\/em>”\u00a0\u00a0\u00a0 WOW!\u00a0 [that was in june<\/em>?]\u00a0 YES!!!\u00a0 [so we have a rate, we just don’t know what it is<\/em><\/strong>?]\u00a0\u00a0Appears so.\u00a0 Folks, a monetary reform doesn’t happen with a push of a button…It’s a process.\u00a0<\/strong>\u00a0They got the Green light on March 3rd. You folks really think Iraq shredded it?\u00a0 …study your history, study your economics, Follow the CBI.\u00a0 [so is there a way M (Maliki) can stop this all from happening<\/em>?]\u00a0\u00a0NO!\u00a0 How can he?\u00a0\u00a0 You cannot stop a monetary reform…it is a way of life!<\/strong>\u00a0 Problem being …EVERYBODY WANTS A DATE!\u00a0 [But…On the news they are still talking about ISIS and oil prices dropping<\/em>.]\u00a0\u00a0Yes, Iraq has to move and fast!<\/strong>
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Breitling –\u00a0<\/span><\/strong>The competition for the dinar is the US dollar and they are selling the oil in US dollars so they are not worried too much about the market rate for the dinar because it’s artificially manipulated anyway\u2026It [the dinar] used to be at a $3 rate and it was at a billion notes.\u00a0<\/strong><\/span>\u00a0And they printed a new currency [The notes you and I have now] and they printed a ton of them in two different stages and the governor of the CBI said ‘we are going to get the value of this currency back up but we are going to reduce the note count in the meantime<\/span><\/em>.’\u00a0 There was always the threat of a LOP.\u00a0\u00a0But they would not have gotten rid of ONE note off the market\u2026they just would have said, ‘Hey, let’s pretend those zeros are not on it and we’ll go from there.’\u00a0 They didn’t do that<\/strong><\/span>.\u00a0\u00a0 They went the complete opposite direction\u2026they started getting rid of the physical notes<\/span><\/strong>\u2026 [Post 2 of 2]
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tman23 –<\/span> We need to see what takes place tomorrow in Parliament…..<\/strong>The only thing listed of importance is the AML (anti money laundering) second reading……and then taxes on vehicles for roads and bridges…(more taxes !!)…..<\/strong> \u00a0I was told back early August 9\/8 was a big day in the CoM and Parliament……Here we are and we shall see.<\/strong>
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My Ladies –\u00a0<\/span><\/strong>[Fitch and S&P have given Iraq a credit rating. Now Moody\u2019s is the only one left…\u00a0 I…feel we should see the final rating…possibly even as early as this next wee<\/em>k.]\u00a0\u00a0I AM A MEMBER OF MOODYS AND HAVE BEEN WATCHING BUT SO FAR HAVE SEEN NOTHING ON IRAQ GETTING A RATING AND NO MENTION OF THEM TRAVELING TO LONDON OR ANYWHERE ELSE<\/strong>… NEXT WEEK WORKS FOR ME HOWEVER I WILL RAISE MY EXPECTATIONS.
\n______________________________________________________________<\/p>\n

Abadi plans to cancel Integrity Commission<\/span><\/h1>\n

\"3aA\"<\/a><\/p>\n

Follow-up scales News \u2013<\/strong>\u00a0Newspaper, \u201clife\u201d of Saudi Arabia, Sunday, for the determination of Prime Minister Haider al-Abadi Cancel the Integrity Commission, as pointed out that failure to push for the sacking of Chief Justice Medhat al-Mahmoud…<\/p>\n

Read More:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong>
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Breitling –\u00a0<\/span><\/strong>Everybody is in an uproar about the dinar being devalued [article]<\/strong>.\u00a0 \u2026I’ve been telling you the dinar will not devalue.\u00a0 They [Bloomberg] are trying to pretend they know the market rate of the dinar.\u00a0\u00a0What they don’t understand is that it’s a completely manipulated currency right now and it’s manipulated by the amount of notes they have out there.<\/span><\/strong>\u00a0 Just like any other currency out there.\u00a0\u00a0 The liquidity is shoring up\u2026it went from 9 billion to 4 billion notes so it is very strange that these guys [Bloomberg] would even come up with an article like that.<\/strong><\/span>\u00a0 Let’s say, if the value of the dinar should go down as the price of oil has gone down.\u00a0 To keep the value up they’d have to get more dinar out of the market right?\u00a0 And guess what?\u00a0\u00a0At the end of the article it says by the CBI\u2026the reserves won’t be depleted and the dinar will not be devalued\u2026so why even print the article?<\/span><\/strong>\u00a0[Post 1 of 2]
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Backdoc –\u00a0<\/span><\/strong>THESE TWO MONTHS [SEPT. & OCT.] WILL BE VERY HISTORICAL I ASSURE YOU!!\u00a0 LIFE AS WE KNOW IT NOW WILL NOT BE MUCH LONGER.\u00a0\u00a0I LOOK FOR THE PACE TO QUICKEN AS SEPT. MOVES FORWARD. ABADI WILL DO WHAT HE NEEDS TO DO TO HELP THE GOOD DR S MOVE FORWARD.<\/strong>\u00a0 IRAQ DOESN’T WANT TO BE PUT BACK TO THE STONE AGE.THEY WILL WRAP THINGS SOON.<\/strong>
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SteveI –\u00a0<\/span><\/strong>Press Release Quotes:\u00a0 \u00a0“…scheduled to travel a senior government delegation…next week, to the United States and Britain to discuss the issue of Iraq sovereign bonds” “The delegation will include government and finance ministers, oil and Governor of the Central Bank<\/span>\u00a0and the consultants and experts in economic and financial Shan officials to\u00a0discuss the process of issuing sovereign government bonds in the global financial market<\/span><\/em>.<\/span>”\u00a0 OK, why would the Governor of the CBI be going?\u00a0He would go to sign documents making things official and ready to implement!\u00a0 I think we are all closer then you think with articles like this. Yes you do have to read between the lines a bit, but when you do, my excitement level increases.\u00a0<\/strong>
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Frank26 –\u00a0<\/span><\/strong>DELTA has CBI contacts going to DRS [Dr. Shabibi].\u00a0 ITEAM walks and talks with him.\u00a0 This combination not only gives me confidences but the eye of a Hawk as well<\/span>.<\/strong>\u00a0 It is up to me to share what we learn…BTW…INTEL has it…These limited International Bonds will ALL sell in an instant.\u00a0<\/strong>\u00a0Even with the failure of 2006 Bonds…Why?\u00a0 A [Abadi] and DRS [Dr. Shabibi] give…Confidence.<\/strong>
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\"\"<\/a><\/p>\n

Commercial Solicitation<\/em><\/strong><\/h4>\n

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Bax –<\/span> I have a friend in Baghdad who skyped me last night…<\/strong> he has been there over 3 years… he said there are tens of thousands protesting…<\/strong> mostly peacefully… said its the most he has ever seen….<\/strong>
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Chattels –\u00a0<\/span><\/strong>Article quote:\u00a0 \u00a0“Wednesday, Parliament’s intention to pass the investment Pencchth amended law in the parliament session next Monday to achieve the full support of the Iraqi economy<\/em>.”\u00a0\u00a0Even if it passes there is the implementation issue with all things in Iraq.\u00a0 My belief is that if there was only a first reading then there must be a second and then a four day scheduling wait,\u00a0so next week may be an ” ambitious” timeline under the best of circumstances.<\/span><\/strong>
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Adminstrator Bob –\u00a0<\/span><\/strong>Article quote:\u00a0 “The central bank plans to put up a large gold bullion weights to sell to citizens<\/em>”\u00a0 [More reserves Gone<\/em>!]\u00a0\u00a0Reserves are a combination of foreign currency and precious metals (mainly gold). Central banks adjust these reserves often for profit.\u00a0\u00a0This has little if any effect on the CBI overall reserves.<\/span><\/strong>
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\"home7\"<\/a><\/p>\n

Iraqi Dinar\/Dollar auction 06-09-15<\/strong><\/span><\/h2>\n

Currency\u00a0Auctions\u00a0Announcement No. 3029 (most recent listing)<\/strong><\/p>\n

This daily currency\u00a0auction\u00a0was held in the Central\u00a0Bank\u00a0of Iraq on the 06-09-2015<\/p>\n

The\u00a0results\u00a0were as follows:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
DETAILS<\/td>\nNOTES<\/td>\n<\/tr>\n
Number of banks<\/td>\n24<\/td>\n<\/tr>\n
Number of\u00a0remittance\u00a0companies<\/td>\n6<\/td>\n<\/tr>\n
Auction price selling dinar \/ US$<\/td>\n1166<\/td>\n<\/tr>\n
Auction price buying dinar \/ US$<\/td>\n—–<\/td>\n<\/tr>\n
Amount sold at auction price (US$)<\/td>\n200,178,144<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n200,178,144<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More:\u00a0http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em>
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BGG –\u00a0<\/span><\/strong>WB\/IMF says OCT 1st (as a deadline for the AML Law ) and I added the Investment Law would go a long ways towards Abadi’s credibility<\/strong><\/span>…I really think the AML Law is pointed directly at Maliki and his bunch…which sounds like they will be doing sometime next week<\/strong>. [The National guard Law is crucial as well<\/em>.]\u00a0\u00a0it is – balances and puts power under the direction of Baghdad.<\/strong>\u00a0 [AML Law = Anti-Money Laundering Law]
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Adam Montana –<\/span><\/strong>\u00a0[\u00a0I see…different things needing to happen before there can be an RV. I thought that the RV was the sole responsibility of the CBI and not the government. I think that now would be a good time to clarify this again, just to keep us all on the same page<\/em>.]\u00a0 Here’s a quick…recap:\u00a0\u00a01. The GOI can’t force the CBI to honor a higher rate. It simply wouldn’t work.\u00a0 2.\u00a0Equally important – the CBI doesn’t need the support of the GOI to successfully raise the value of the dinar, but they also don’t want opposition from the GOI.<\/span>\u00a0 With those things in mind, we can know that the CBI makes the final call,\u00a0but both entities will work together to ensure the success.<\/span><\/strong>
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BGG –\u00a0<\/span><\/strong>Quite honestly folks – the news is a real mixed bag. Some good – some not so good…and some downright confusing… personally –\u00a0I think it’s all about these reforms right now.<\/span>\u00a0\u00a0 I sure hope Abadi hasn’t bitten off more than he can chew.<\/strong>
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CURRENCY CODE SELL BUY
\n<\/span><\/strong><\/h2>\n

US dollar USD 1166.000 1164.000<\/span><\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
CURRENCY<\/td>\nCODE<\/td>\nSELL<\/td>\nBUY<\/td>\n<\/tr>\n
US dollar<\/td>\nUSD<\/td>\n1166.000<\/td>\n1164.000<\/td>\n<\/tr>\n
Euro<\/td>\nEUR<\/td>\n1309.301<\/td>\n1308.647<\/td>\n<\/tr>\n
British pound<\/td>\nGBP<\/td>\n1781.765<\/td>\n1780.874<\/td>\n<\/tr>\n
Canadian dollar<\/td>\nCAD<\/td>\n883.400<\/td>\n882.959<\/td>\n<\/tr>\n
Swiss franc<\/td>\nCHF<\/td>\n1201.071<\/td>\n1200.471<\/td>\n<\/tr>\n
Swedish krona<\/td>\nSEK<\/td>\n138.656<\/td>\n138.587<\/td>\n<\/tr>\n
Norwegian krone<\/td>\nNOK<\/td>\n141.195<\/td>\n141.124<\/td>\n<\/tr>\n
Danish krone<\/td>\nDKK<\/td>\n175.476<\/td>\n175.388<\/td>\n<\/tr>\n
Japanese yen<\/td>\nJPY<\/td>\n9.668<\/td>\n9.663<\/td>\n<\/tr>\n
Special
\nDrawing Rights<\/td>\n		SDR<\/td>\n1638.218<\/td>\n1637.399<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Indicative rates – 09.06.2015
\n<\/strong>
\nhttp:\/\/www.cbi.iq\/<\/a><\/strong><\/em><\/h2>\n

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firefly –\u00a0<\/span><\/strong>All country’s purchase Bonds based on the country’s credit rating.\u00a0\u00a0A “B” is NOT an investment rating. Iraq would need at least a BBB. Iraq has little time left. They need to do something and do it FAST!<\/strong><\/p>\n

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Breitling –\u00a0<\/span><\/strong>You will never find a country putting out their daily note count.\u00a0 That is a well kept secret.\u00a0<\/strong><\/span>\u00a0Iraq has put out 3 reports in the Iraqi Journal.\u00a0 the first report was 9 Billion to 6 billion [Note count] then 6 billion to 4 billion\u2026but their is no daily count\u2026it simply does not work that way.<\/strong><\/p>\n

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Frank26 –<\/span><\/strong>\u00a0There\u2019s a committee that\u2019s a delegation coming from Iraq to the US \u2013 they\u2019re already here \u2013 on the 11th there will be more. They\u2019re here for the bonds<\/strong>…After this meeting in the US, they\u2019ll move to the UK\u2026at this meeting on the 11th, they\u2019ll also talk about DAASH…\u00a0\u00a0 [IMO we should keep our eyes peeled on next week’s Bond meetings in USA and BRITIAN<\/em>.]\u00a0\u00a0Oh YES…It’s very important. Don’t know another way to express it’s importance!\u00a0 DRS [DR. SHABIBI]\u00a0WILL BE THERE!\u00a0<\/strong><\/span>
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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n
\n

\"\"Iraq Live Update\u00a0\u200f@IraqLiveUpdate\u00a0<\/strong><\/a><\/p>\n

\u00a022m22 minutes ago<\/a><\/small><\/strong><\/p>\n

Abadi’s letters delivered to senior Iraqi politicians to re-assign their bodyguards to frontline units with ISF<\/p>\n

\"COJUS5iXAAASwGUA\"<\/a><\/p>\n

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From the DU Chat Room (9\/4)<\/em><\/span><\/strong><\/h2>\n

rcookie:<\/strong><\/span> Here is a link for the IMF Report for the G20 Summit …\ufffcGLOBAL PROSPECTS AND POLICY CHALLENGES G-20 Finance Ministers and Central Bank Governors Meeting September 4\u20135, 2015Ankara, Turkey….Looks like some of the verbiage and outline of necessary structural reforms being mandated toward Iraq are right out of this playbook…and the obvious backdrop to the S & P credit rating..AWESOME READ!!<\/p>\n

http:\/\/www.imf.org\/external\/np\/g20\/pdf\/2015\/090415.pdf<\/a><\/strong>
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Frank26 –\u00a0<\/span><\/strong>Who has the GREEN LIGHT from the IMF to lift the three zeros?\u00a0\u00a0DRS. [DR. SHABIBI]. \u00a0So IMO…No RI until he returns.\u00a0<\/strong>\u00a0Guess what. He is.\u00a0\u00a0<\/strong>IOO…Just after ALAK leaves.
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My Ladies –\u00a0<\/span><\/strong>ADJUSTING ONES CURRENCY IS VERY PAINFUL FOR THE ECONOMY. MAKE NO MISTAKE\u2026WHEN IRAQ COMES OFF THIS PROGRAM RATE AND HAS REAL MONEY WITH REAL VALUE IT WILL TOTALLY SUCK FOR THEM FOR A FEW YEARS.\u00a0 IT WILL BE PAINFUL, MANAGING THE MARKET ECONOMY IS NO JOKE.\u00a0\u00a0SOME LESS INFORMED FOLKS THINK OH WELL THEY ARE GOING TO GET 2+ OR 3+ DINAR TO THE DOLLAR.\u00a0 REALLY? I MEAN REALLY?\u00a0 THE PEOPLE INSIDE IRAQ ARE NOT GOING TO GET ANY SUCH THING.\u00a0\u00a0THE 2+ AND THE 3+ IS FOR ALL THE FOLKS ON THE OTHER SIDE OF THE BORDER!<\/strong><\/p>\n

BGG ~ There is absolutely no truth to – or evidence there will be an “in-country” and “out-of-country” rate. This is a silly assertion!!<\/em><\/span><\/h2>\n

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Adam Montana –<\/span><\/strong>\u00a0[I had read some weeks back how al-Abadi was cleaning house, with the result that a number of people were out of a job.\u00a0 Have you heard or read what progress is being made on filling those positions, hopefully with people who have integrity.\u00a0 Are there positions in the GOI that will need to be filled before the RV<\/em>?]\u00a0\u00a0 If I’m thinking of the same thing you are, Abadi didn’t actually plan on “re-filling” those positions – they were simply being eliminated.<\/strong>\u00a0I like that plan, because too many monkeys on the same tree is just as bad as too many chefs in the same kitchen.\u00a0 What I said sometime ago about the GOI being important was that we needed a significant change and improvement in the GOI, and\u00a0I believe that requirement has been “filled” to a very reasonably satisfactory level.<\/strong>
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The people of Maysan: People’s mobility will continue to provide the corrupt to justice, including “al-Mahmoud”<\/strong><\/span><\/h2>\n

\"\u062a\u0638\u0627\u0647\u0631\u0627\u062a-\u0645\u064a\u0633\u0627\u0646-350x268A\"<\/a>He called on the people of Maysan province during a demonstration exit protest against the deterioration of the security reality and service the dismissal of the provincial council and the district councils and respects fully.<\/p>\n

The protesters who took to the streets of the city of Amarah after Friday prayers on the need to bring corrupt officials to maintain to the judiciary and not just Baqalthm only in addition to the activation of the general amnesty law and fire the head of the Supreme Judicial Council, Medhat al-Mahmoud such as stressed and called on the masses of Maysan, the Iraqi government to keep sectarian and partisan quotas for circles State and abide by the terms of appointment for those who meet the integrity and political independence, vowing at the same time consistently popular mobility in the event of a stall to meet their demands.<\/p>\n

http:\/\/www.dinarupdates.com\/showthread.php?19429-Maysan-People-s-mobility-continue-provide-corrupt-to-justice-including-Mahmoud-9-4&p=129695&viewfull=1#post129695<\/a><\/strong>
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Breitling –<\/span><\/strong>\u00a0...right now if you look how much dinar they have taken off the market and the way the economy is growing based on the past and how they have framed up the currency based on market rates,\u00a0you’re looking at between .42 and .52 cents right now.<\/span><\/strong>\u00a0 That is where it should be if they pulled the trigger today.\u00a0 Remember, that’s manipulated.\u00a0 That’s because of the amount of notes they have on the market.\u00a0\u00a0I’m not saying they are going to come out at the range\u2026that’s what we calculated.\u00a0 that’s the value that we are looking at<\/span><\/strong>.\u00a0 We are all at the mercy of the CBI.\u00a0 We have to wait to see what’s going on.\u00a0 [Post 2 of 2 ]
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Millionday –\u00a0<\/span><\/strong>Article quote:\u00a0\u00a0\u00a0\u00a0 \u201c…Sheikh Hamoudi, the need for the completion of the Investment Law and approval as soon as the activation of its importance in the national economy and promote development wheel…<\/em>\u201d\u00a0\u00a0THERE ARE TEN LAWS IN PARLIAMENT FOR THE ECONOMIC REFORM… SO OBVIOUSLY THIS SEEMS TO BE WORTH THE WAIT — THIS IS ALL ANNOUNCED TO THE CITIZENS.<\/strong>
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Frank26 –\u00a0<\/span><\/strong>Article:\u00a0 “Re-investigation in the case of Dr. Shabibi with the CBI.<\/em>”\u00a0 \u00a0That\u2019s false\u2026nobody is investigating Dr. S…It\u2019s the judges who are being investigated because they took a payola from Maliki who stole everything.\u00a0<\/strong>\u00a0 He\u2019s coming back to the Central Bank of Iraq. What is he going to do when he comes back? He\u2019s going to fix the mess in the CBI.\u00a0\u00a0Dr. S and A [Abadi]\u00a0want the MR to flow but it has to be done correctly.<\/strong>\u00a0<\/strong>\u00a0Dr. Shabibi said when he left \u2013 GIVE ME STABILITY. In order to see that date you want so badly.\u00a0\u00a0\u00a0The MR [Monetary Reform]\u00a0is no where complete.\u00a0 No dates. We\u2019re not ready though a lot of the things are done.\u00a0The MR is active, moving, constructive, amazing…but he will come back to clean up the mess<\/span>.<\/strong>
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NAJAF PROTESTERS ARE DEMANDING THE TRIAL OF AL-MALIKI AND PRAISE THE ROLE OF AL BAGHDADI FIGHT CORRUPTION<\/b><\/span><\/span><\/p>\n

\"dc4b6ceced3fcdd6725f52390ff9af0d_LA\"<\/a><\/p>\n

Najaf – Baghdadi News … student protesters Najaf province, on Friday, the trial of former Prime Minister Nuri al-Maliki and investigate the massacre Spyker.<\/b><\/span><\/p>\n

The reporter said – albgdadah News, said the demonstrators in the province of Najaf called for Sunday evening, the trial of former Prime Minister Nuri al-Maliki and investigate the massacre Spyker.<\/p>\n

He that, demonstrators praised the role of Al Baghdadi fight corruption and expose the corrupt.<\/p>\n

It is said that Baghdad and central and southern governorates, witnessing for the sixth straight week, a mass popular demonstrations, to demand the dismissal of the corrupt and provision of services and reform the judiciary.<\/p>\n

http:\/\/www.dinarupdates.com\/showthread.php?19431-Breaking-news-Najaf-protesters-are-demanding-the-trial-of-al-maliki!!&p=129697&viewfull=1#post129697<\/a><\/strong>
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Millionday –\u00a0<\/span><\/strong>Article quote:\u00a0 “We are following the reforms of the judiciary and its importance,” noting that “the Federal Court Act based system Federal.<\/em>\u201d\u00a0\u00a0THE FEDERAL COURT ACT WE READ WAS IN PARLIAMENT… THEY HAVE REACHED A POINT THAT WILL ALLOW THE VOTE<\/span>\u00a0OF THE VERY IMPORTANT FEDERAL COURT ACT SO THE REFORM MAY MOVE FORWARD.\u00a0<\/strong>\u00a0SO THE ISSUE THAT WAS IN THE WAY IS NOW REPORTED TO BE RESOLVED — MORE GOOD NEWS.\u00a0\u00a0THEY DID NOT HAVE ENOUGH TO REACH QUORUM UNTIL CHANGES WERE MADE SO NOW THEY FEEL AS THOUGH IT WILL REACH VOTE.<\/span><\/strong>
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BGG –\u00a0<\/span><\/strong>[Do we know when Allaqs term is up at the CBI ? sept 8th or is it in Oct<\/em>\u00a0?]\u00a0\u00a0He is a “proxy appointment” so he will be gone when he is replaced. Not until…\u00a0<\/strong>\u00a0 [I thought alak was appointed official by ink or am i wrong<\/em>?]\u00a0 \u00a0he is a “proxy” appointee – (by Maliki) and not an entirely legit appointment at that…they need a legitimate CBI Gov soon<\/span>.<\/strong>
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Breitling –<\/span>\u00a0<\/strong>They are selling the bonds for US dollars and they are going to put them in their foreign currency reserve.\u00a0\u00a0They are not using the bonds to take out dinar they are using the bond to take out dollars\u2026those US dollars will not be in the Iraqi economy to compete against the dinar<\/span><\/strong>\u2026\u00a0 I don’t see anything in Iraq pushing or delaying the value of the dinar going up\u2026they are going to float it up little bit by little bit\u2026it’s a 2 year time frame<\/strong>. [Post 1 of 2]
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firefly –\u00a0<\/span><\/strong>Article quote:\u00a0 “Obeidi said in a special statement to the Agency information that “reducing the central bank sales of the dollar and make it in the field need the truth to the citizens as well as international bonds to be issued by the central bank and the $ ten million dollars will provide Iraq’s hard currency and thus will protect the Iraqi dinar from fluctuations in the currency<\/em>.”\u00a0\u00a0\u00a0So now they are talking INTERNATIONAL BONDS?\u00a0 WOULD NOT SURPRISE ME IN THE LEAST IF THEY BYPASSED THE SOVEREIGN ENTIRELY.<\/strong>
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Throwback Thursday<\/strong><\/span><\/h1>\n

\"\"<\/p>\n

If you found this blog, our website or chats helpful \u2013 Forward it to a friend!! We couldn\u2019t do it without you!! Thanks \u2013 BGG!!<\/h2>\n

www.DinarUpdates.com<\/a><\/h2>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Thank You to all our members, MODS, VIP\u2019s, Chat Copiers and News Researchers at www.DinarUpdates.com ______________________________________________________________ Word for the day… Romans 8:37 (NKJV) 37 Yet in all these things we are more than conquerors through Him who loved us. Heavenly … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[3,8,5,6,4,14,9,11,12,13,10,15],"class_list":["post-10871","post","type-post","status-publish","format-standard","hentry","category-dinar-observer","tag-dinar","tag-dinar-chat","tag-dinar-guru","tag-dinar-info","tag-dinar-rv","tag-iqd","tag-iraqi-dinar","tag-observer","tag-recaps","tag-revaluation","tag-updates","tag-vnd"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8gMgY-2Pl","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/10871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10871"}],"version-history":[{"count":15,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/10871\/revisions"}],"predecessor-version":[{"id":10873,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/10871\/revisions\/10873"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

The Exchange Rate of Foreign Currency in Economic Feasibility Studies\u00a0<\/strong><\/h2>\n

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

Estimate the shadow price of foreign currency:…<\/strong><\/p>\n

3.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar<\/strong>.<\/span> This price should be approved for 3 years until re-appreciation by the competent authorities.<\/p>\n

Read More:\u00a0http:\/\/dinarupdates.com\/blog\/<\/a><\/strong>
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Read More:\u00a0<\/a><\/strong>http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/strong><\/p>\n

http:\/\/www.dinarupdates.com\/showthread.php?19697-Bgg-roundtable-9-9-15<\/a><\/strong>
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Read More:\u00a0http:\/\/dinarupdates.com\/blog\/<\/a><\/strong>
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