{"id":11372,"date":"2015-10-23T10:07:12","date_gmt":"2015-10-23T15:07:12","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=11372"},"modified":"2015-10-24T09:16:54","modified_gmt":"2015-10-24T14:16:54","slug":"dinar-observer-daily-oct-23rd","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=11372","title":{"rendered":"DINAR OBSERVER DAILY Oct 23rd"},"content":{"rendered":"

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, \u00a0to 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.<\/strong><\/span><\/p>\n

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

Psalm 5:11 (NKJV)<\/span><\/h1>\n

11 But let all those rejoice who put their trust in You;
\nLet them ever shout for joy, because You defend them;
\nLet those also who love Your name
\nBe joyful in You.<\/p>\n

Heavenly Father, we rejoice in You! We love Your Name! We trust in You \ud83d\ude42 In Jesus Name, Amen.<\/em><\/h2>\n

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

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CURRENCY CODE SELL BUY
\n<\/span><\/strong><\/h2>\n

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing<\/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>\n1323.876<\/td>\n1323.214<\/td>\n<\/tr>\n
British pound<\/td>\nGBP<\/td>\n1801.703<\/td>\n1800.802<\/td>\n<\/tr>\n
Canadian dollar<\/td>\nCAD<\/td>\n888.991<\/td>\n888.546<\/td>\n<\/tr>\n
Swiss franc<\/td>\nCHF<\/td>\n1216.992<\/td>\n1216.383<\/td>\n<\/tr>\n
Swedish krona<\/td>\nSEK<\/td>\n140.438<\/td>\n140.368<\/td>\n<\/tr>\n
Norwegian krone<\/td>\nNOK<\/td>\n142.929<\/td>\n142.857<\/td>\n<\/tr>\n
Danish krone<\/td>\nDKK<\/td>\n177.473<\/td>\n177.385<\/td>\n<\/tr>\n
Japanese yen<\/td>\nJPY<\/td>\n9.725<\/td>\n9.720<\/td>\n<\/tr>\n
Special
\nDrawing Rights<\/td>\n		SDR<\/td>\n1647.360<\/td>\n1646.536<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Indicative rates – 10.23.2015 (No change as of 10\/22)<\/strong><\/h2>\n

http:\/\/www.cbi.iq\/<\/strong><\/em><\/h2>\n

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In the end, we will remember not the words of our enemies, but the silence of our friends. – Martin Luther King Jr.<\/em><\/span><\/h1>\n

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

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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

\"\"<\/a>Don’t Miss “NEWS TIME” 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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tman23 –\u00a0<\/span><\/strong>In the past years they spoke of lifting the 3 zeros and it was DELAYED…needed studied by a committee…We probably couldn’t count on 2 hands how many committees kept being formed to study the 3 zeros<\/span><\/strong>.\u00a0 Then they announced delaying from the start of the New Year to June…AND Shabibi said; THE APPROPRIATE TIME TO LIFT THE 3 ZEROS IS AT THE START OF THE FINANCIAL YEAR AND NOT IN THE MIDDLE OF A QUARTER OR THE MIDDLE OF THE YEAR!\u00a0\u00a0\u00a0This new salary ladder is a good sign. The delay of the investment law is a good sign. The 2016 Budget being completed before the start of 2016 is a very good sign<\/span>. And citizens not being paid and liquidity being drawn in off the streets is a good sign.\u00a0\u00a0IMO…Honestly, it doesn’t get any better than this as a pre-revaluation phase that sets up the revaluation.<\/span><\/strong>\u00a0<\/span>\u00a0[post 2 of 2]
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Millionday –\u00a0<\/span><\/strong>Article quote:\u00a0 \u00a0“special election Economic and Social Council took place in the United Nations General Assembly in Enyoryuk where Iraq won 179 votes out of 187 votes in favor, with one country,\u00a0so Iraq’s record return mission in international forums<\/span><\/strong><\/em>”\u00a0<\/span>\u00a0…MEANS…BACK TO THE GLOBE.<\/span>\u00a0<\/strong>\u00a0IRAQ IS NOW AN ACTIVE MEMBER OF THIS UN ORGANIZATION… ECOSOC.\u00a0\u00a0THE BEST WORDS IN ONE SENTENCE I HAVE SEEN IN A VERY LONG TIME >>>FROM GLOBAL COMMITMENT TO NATIONAL IMPLEMENTATION<\/span>.<\/strong>\u00a0 THIS…IS HUGE NEWS AND…WHY I AM SO VERY EXCITED.
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tman23 –\u00a0<\/span><\/strong>This whole salary ladder is being talked about moving to Federal Court and challenged. Such a lawsuit brought forth will stymie all other political reforms… And Abadi will lose credibility…\u00a0IMO, the BEST thing we have seen is this new salary ladder…The World Bank and IMF had comments in the past that the GOI needed to adjust the grossly over paid salaries<\/strong>…Now President Massoum will make 8 million IQD per month 8 times $862 = $6,896 a month or $82,752 a year. That is not going to work, keeping in mind he is one of the highest paid.\u00a0\u00a0Drop the zeros and give the IQD a rate of $2.66 per dinar and the salary becomes $220,120.00 per year…which is the equiv to international standards<\/span><\/strong>…when you take all the salaries on the ladder it works out to what their in country pricing index is.<\/strong>\u00a0 So the question is…HOW LONG BEFORE THE ARE TOLD…AND\u00a0IMO…The 3 zeros need to be raised with the “back wall” being the start of the new year.<\/span>\u00a0<\/strong>\u00a0[post 1 of 2….stay tuned]
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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0Keep an eye on that HCL news… when it slows down this time, I think that’s when we’re on the home stretch.<\/strong>
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tman23 –\u00a0<\/span><\/strong>Aside from the new salary ladder and the confusion where political blocs are calling it illegal and not with in Abadi’s powers… Iraq is holding talks with Findland and Europe on deporting migrating Iraqi’s back to Iraq…Most of the young and scientific (educated) are the ones who have fled the country.\u00a0 Now why would Iraq even begin to speak about them returning when they have nothing to offer them?\u00a0There has to be a massive change coming<\/span>…The talk of bringing back citizens you can’t support, the new salary cuts that has the country confused and mad as h*ll.\u00a0 This can not go on for 6 months.\u00a0\u00a0Quite frankly I don’t believe they can make it 90 days with out a rate change<\/span>\u00a0that explains the reasons for what appears to be insanity to the citizens.<\/strong>
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Kaperoni (Dinar Guru) –\u00a0<\/span><\/strong>Article quote:\u00a0 “…<\/em>confirmed the International Monetary Fund, on Wednesday, that Iraq could give a large loan in 2016 to help him achieve financial stability…<\/em>”\u00a0\u00a0Well the good news is any IMF loan comes with a SBA (stand by agreement) and they do what they are told if they want that money.<\/strong><\/span>
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Aggiedad77 (Dinar Guru) –\u00a0<\/span><\/strong>Article:\u00a0 “International Monetary Fund: Baghdad is not currently in danger of running out of cash<\/em>”\u00a0\u00a0The IMF is admitting they may well provide Iraq with a “large loan” in 2016 in order to achieve financial stability<\/strong>…they are recognizing the external issues that Iraq is facing, the war against DAASH and the falling oil prices that have both devastated their countries economy…what they are seeking from Iraq is the development of a clear and comprehensive set of reforms that apply to their finances…the IMF has agreed they may help in this process as well<\/strong>
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wmawhite (Dinar Guru) –\u00a0<\/span>Article:<\/strong>\u00a0 \u201cDeputy: the importance of the investment law lies in its implementation mechanism\u201d\u00a0 Quote:\u00a0\u00a0 “the Iraqi investment law is important and needs to the mechanism of implementation…<\/em>\u201d\u00a0\u00a0Implementation Mechanism?\u00a0 NICE!\u00a0\u00a0Activate the private sector, implement economic reform, etc…all require the same thing…the ability to conduct commerce outside the boarders of Iraq.\u00a0<\/span><\/strong>\u00a0Iraq’s private sector, that so many are ready to activate, can not survive unless they will be able to conduct international commerce… because they will need to import 90% of their goods.\u00a0IMO, we are seeing the administrative and procedural processes that the CBI said would take place prior to the completion of the “Project”.<\/span><\/strong>
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Adam Montana (Dinar Guru) –\u00a0<\/span><\/strong>[Do you believe that the 2016 budget is in the books?…and if so is the HCL\u00a0e<\/strong>mbedded in it<\/em>?]\u00a0\u00a0I believe this next budget will be the easiest one ever. “In the books<\/em>“?\u00a0 Not quite, but close enough.<\/strong>
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tman23 –<\/span> In the past years they spoke of lifting the 3 zeros and it was DELAYED……<\/strong>needed studied by a committee…….We probably couldn’t count on 2 hands how many committes kept being formed to study the 3 zeros……….<\/strong> Then they announced delaying from the start of the New Year to June…… Does anyone recall this ??? \u00a0AND Shabibi said; \u00a0THE APPROPRIATE TIME TO LIFT THE 3 ZEROS IS AT THE START OF THE FINANCIAL YEAR AND NOT IN THE MIDDLE OF A QUARTER OR THE MIDDLE OF THE YEAR !!! \u00a0…….<\/strong> \u00a0This new salary ladder is a good sign…… The delay of the investment law is a good sign……<\/strong> The 2016 Budget being completed before the start of 2016 is a very good sign…….. And citizens not being paid and liquidity being drawn in off the streets is a good sign……..<\/strong> \u00a0IMO……Honestly, it doesn’t get any better than this as a pre-revaluation phase that sets up the revaluation….
\n______________________________________________________________<\/p>\n

Millionday (Dinar Guru) –\u00a0<\/span><\/strong>Article quote:\u00a0 “necessity of activating the themes contained in the government program through the development of policies and mechanisms for implementation and applied to the development of economic sectors trends that achieve what is stated in these themes in the detailed aspects and determine the timeframe for their implementation<\/em>.”\u00a0 …THE NEWS IS AMAZING…I AM SO EXCITED<\/strong>.\u00a0 FORMATION BEING DONE FOR NATIONAL OIL COMPANY DUE TO LONG AWAITED HCL AND FORMATION OF THE ECONOMIC COUNCIL FOR THE FINANCIAL POLICIES<\/span>\u00a0— MONETARY REFORM INTERNATIONAL BANKING AND ECONOMIC DEVELOPMENT — WITH CALL FOR A STRICT VERY RUSHED DATE TO BE GIVEN SO THEY CAN MOVE FORWARD AS OTHER COUNTRIES.\u00a0THEY HAVE TO ACTIVATE THE GROUP OF EXPERTS TO MONITOR MONEY DEVELOPMENT AND GIVE AN EXACT DATE.\u00a0 TIME TO RELEASE INTERNATIONAL EQUATION AND GLOBAL PRICES IMO.\u00a0 …IMO WE ARE VERY CLOSE…THE IMPORTANCE TO MOVE FORWARD — IMO — NEED VALUES FIRST THING.<\/strong><\/span>
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tman23 –<\/span> This whole salary ladder is being talked about moving to Federal Court and challenged.<\/strong> Such a lawsuit brought forth will stymie all other political reforms…… And Abadi will lose credibility…….. \u00a0IMO, the BEST thing we have seen is this new salary ladder…..<\/strong>The World Bank and IMF had comments in the past that the GOI needed to adjust the grossly over paid salaries…….Now President Massoum will make 8 million IQD per month 8 times $862 = $6,896 a month or $82,752 a year. \u00a0That is not going to work, keeping in mind he is one of the highest paid……<\/strong> Drop the zeros and give the IQD a rate of $2.66 per dinar and the salary becomes $220,120.00 per year……which is the equiv to international standards…..<\/strong>when you take all the salaries on the ladder it works out to what their in country pricing index is……. So the question is….<\/strong>HOW LONG BEFORE THE ARE TOLD………AND IMO…..The 3 zeros need to be raised with the “back wall” being the start of the new year…….<\/strong>
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Aggiedad77 (Dinar Guru) –\u00a0<\/span><\/strong>Article:\u00a0 “Conscious \/ parliamentary Economy: Investment Law will happen quantum leap in Iraq’s revenues<\/em>”\u00a0\u00a0What an interesting choice of words here…”quantum leap” in revenues for Iraq<\/span>…why…due to the Investment Law and the amendments that are currently being worked on in Parliament<\/strong>…get these amendments wrapped up and on the books and the investors are sure to follow…and along with them…will come bank accounts that are full of money that is drooling to be of assistance to Iraq and the many projects that have been put on hold for a significant time now…these amendments will be eliminating a great deal of red tape and a large potential of corruption from the past…this is a very good improvement for investors looking at Iraq<\/strong>.
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Frank26 (Dinar Guru) –\u00a0<\/span><\/strong>I call it a LAVA FLOW for a very good reason.\u00a0 Have been SHARING that the last 3 weeks to be…S …L…O…W.\u00a0\u00a0\u00a0But may I suggest that after next MONDAY…THE LAVA FLOW WILL BECOME LESS VISCOUS…It will run at a much Quickened Pace!\u00a0\u00a0In fact may I suggest that the viscosity lessens starting today…Yellow Light.\u00a0 Iraq will be off the USD by 1\/1\/16.<\/span><\/strong>\u00a0<\/span>\u00a0AND…Last night the Integrity Commission announced Tuesday the arrest against others of the current Ministry of Commerce a number of Director’s Generals of The Ministry.
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wmawhite (Dinar Guru) –\u00a0<\/span><\/strong>the Investment Law is about “investments”…the change in the value of the IQD is totally related to the exchange rate of the IQD relative to other currencies. Such as: IQD to GBP, or IQD to EUR, etc.\u00a0 All of these laws are need for the future because that is when these investors will arrive. RI\/RV is for the present …Laws are the future.
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\u201cRound Table\u201d Dinar Call!!<\/strong><\/span><\/h1>\n

\u201cfor Dinar News \u2013 that MATTERS!!\u201d
\nfrom Tuesday 10\/20<\/span><\/strong><\/em><\/span><\/h1>\n

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

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\"Dinar<\/p>\n

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>. 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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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","protected":false},"excerpt":{"rendered":"

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, \u00a0to 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 … 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":[3,24,17,5,18,6,26,23,4,21,20,22,25,19,14,9],"class_list":["post-11372","post","type-post","status-publish","format-standard","hentry","category-dinar-observer","tag-dinar","tag-dinar-corp","tag-dinar-detectives","tag-dinar-guru","tag-dinar-gurus","tag-dinar-info","tag-dinar-recaps","tag-dinar-recaps-blog","tag-dinar-rv","tag-dinar-to-usd","tag-dinar-trade","tag-dinar-updates","tag-dinar-value","tag-dinar-vets","tag-iqd","tag-iraqi-dinar"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8gMgY-2Xq","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/11372","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=11372"}],"version-history":[{"count":10,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/11372\/revisions"}],"predecessor-version":[{"id":11375,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/11372\/revisions\/11375"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}