{"id":11488,"date":"2015-11-04T08:58:37","date_gmt":"2015-11-04T14:58:37","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=11488"},"modified":"2015-11-04T19:56:09","modified_gmt":"2015-11-05T01:56:09","slug":"dinar-observer-daily-nov-4th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=11488","title":{"rendered":"DINAR OBSERVER DAILY Nov 4th"},"content":{"rendered":"<p><span style=\"color: #008000;\"><strong>Welcome to the Dinar Observer &#8211; Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info &#8211; THAT MATTERS!! This is a good place to start for your Daily Dinar Recap &#8211; whether you are a Dinar vet or just looking for a little current Dinar info &#8211; Welcome.<\/strong><\/span><\/p>\n<h1><strong><em>Word for the day&#8230;<\/em><\/strong><\/h1>\n<h1><span style=\"color: #800000;\">2 Corinthians 1:20 (NKJV)<\/span><\/h1>\n<p>20 For all the promises of God in Him are Yes, and in Him Amen, to the glory of God through us.<\/p>\n<h2><em>Heavenly Father, we give You all the Glory! Thank You that all of Your promises in Christ are Yes and Amen!<\/em><\/h2>\n<h2><em>Mrs BGG<\/em><\/h2>\n<p>______________________________________________________________<\/p>\n<h2><strong><span style=\"color: #ff0000;\">CURRENCY CODE SELL BUY<br \/>\n<\/span><\/strong><\/h2>\n<p><strong><span style=\"font-size: large;\"><span style=\"color: #ff0000;\">Dinar to USD &#8211; Dinar Value &#8211; Iraqi Dinar &#8220;IQD&#8221; listing<\/span><\/span><\/strong><\/p>\n<table class=\"tableData\" width=\"100%\" border=\"0\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr class=\"tableRowHead\">\n<td class=\"rateCell\">CURRENCY<\/td>\n<td class=\"rateCell\" align=\"center\">CODE<\/td>\n<td class=\"rateCell\" align=\"center\">SELL<\/td>\n<td align=\"center\">BUY<\/td>\n<\/tr>\n<tr class=\"rateTableRowLight\">\n<td class=\"rateCell\">US dollar<\/td>\n<td class=\"rateCell\" align=\"center\">USD<\/td>\n<td class=\"rateCell\" align=\"center\">1166.000<\/td>\n<td align=\"center\">1164.000<\/td>\n<\/tr>\n<tr class=\"rateTableRowDark\">\n<td class=\"rateCell\">Euro<\/td>\n<td class=\"rateCell\" align=\"center\">EUR<\/td>\n<td class=\"rateCell\" align=\"center\">1279.802<\/td>\n<td align=\"center\">1279.162<\/td>\n<\/tr>\n<tr class=\"rateTableRowLight\">\n<td class=\"rateCell\">British pound<\/td>\n<td class=\"rateCell\" align=\"center\">GBP<\/td>\n<td class=\"rateCell\" align=\"center\">1795.523<\/td>\n<td align=\"center\">1794.626<\/td>\n<\/tr>\n<tr class=\"rateTableRowDark\">\n<td class=\"rateCell\">Canadian dollar<\/td>\n<td class=\"rateCell\" align=\"center\">CAD<\/td>\n<td class=\"rateCell\" align=\"center\">889.669<\/td>\n<td align=\"center\">889.224<\/td>\n<\/tr>\n<tr class=\"rateTableRowLight\">\n<td class=\"rateCell\">Swiss franc<\/td>\n<td class=\"rateCell\" align=\"center\">CHF<\/td>\n<td class=\"rateCell\" align=\"center\">1177.540<\/td>\n<td align=\"center\">1176.951<\/td>\n<\/tr>\n<tr class=\"rateTableRowDark\">\n<td class=\"rateCell\">Swedish krona<\/td>\n<td class=\"rateCell\" align=\"center\">SEK<\/td>\n<td class=\"rateCell\" align=\"center\">136.747<\/td>\n<td align=\"center\">136.679<\/td>\n<\/tr>\n<tr class=\"rateTableRowLight\">\n<td class=\"rateCell\">Norwegian krone<\/td>\n<td class=\"rateCell\" align=\"center\">NOK<\/td>\n<td class=\"rateCell\" align=\"center\">137.009<\/td>\n<td align=\"center\">136.940<\/td>\n<\/tr>\n<tr class=\"rateTableRowDark\">\n<td class=\"rateCell\">Danish krone<\/td>\n<td class=\"rateCell\" align=\"center\">DKK<\/td>\n<td class=\"rateCell\" align=\"center\">171.584<\/td>\n<td align=\"center\">171.498<\/td>\n<\/tr>\n<tr class=\"rateTableRowLight\">\n<td class=\"rateCell\">Japanese yen<\/td>\n<td class=\"rateCell\" align=\"center\">JPY<\/td>\n<td class=\"rateCell\" align=\"center\">&#8212;&#8211;<\/td>\n<td align=\"center\">&#8212;&#8211;<\/td>\n<\/tr>\n<tr class=\"rateTableRowDark\">\n<td class=\"rateCell\">Special<br \/>\nDrawing Rights<\/td>\n<td class=\"rateCell\" align=\"center\">SDR<\/td>\n<td class=\"rateCell\" align=\"center\">1626.757<\/td>\n<td align=\"center\">1625.943<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>Indicative rates &#8211; 11.04.2015\u00a0<\/strong><\/h2>\n<h2><em><strong><a href=\"http:\/\/www.cbi.iq\/\" target=\"_blank\">http:\/\/www.cbi.iq\/<\/a><\/strong><\/em><\/h2>\n<p>______________________________________________________________<\/p>\n<h2><span style=\"color: #800000;\"><em>Attitude is a little thing that makes a big difference.<br \/>\nWinston Churchill<\/em><\/span><\/h2>\n<p>______________________________________________________________<\/p>\n<h1 style=\"text-align: center;\">*** Current Posts ***<\/h1>\n<p>______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Frank26 (Dinar Guru) &#8211;\u00a0<\/span><\/strong>It costs millions per month for Iraq to keep their currency at 1166. There is a NEGATIVE factor each month in running the country at that rate.\u00a0 Loans saved them each month. Their budget&#8230;was saved with artificial loans and money&#8230;\u00a0<strong>ADRS (Abadi, Dr. Shabibi and Sastani) \u2013 got the green-light back in March.\u00a0<\/strong>\u00a0Iraq is not going into bankruptcy.\u00a0 Time has run out!\u00a0\u00a0\u00a0<strong>How do we know that TIME has run out? Countries are visiting DC and their currencies are going up in value<\/strong>.\u00a0 Remember I showed you the China currency last week? China is printing a new 100 note. Many other countries prepare their currencies too.\u00a0\u00a0<strong>IMO \u2013 Dr. Shabibi will take the green-light given to him by the IMF and move forward.\u00a0\u00a0<\/strong>\u00a0[post 2 of 2]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Frank26 (Dinar Guru) &#8211;\u00a0<\/span><\/strong>I would like to invite you to a new \u201cqualified\u201d Iraq \u2013 where laws have been amended&#8230;security in place&#8230;to Iraq\u2019s international fair.\u00a0<strong>This fair is done every year&#8230;and is a call to arm Iraq \u201cinternationally\u201d.\u00a0 Iraq is poised to show their growth to the world. The world awaits the monetary reform.\u00a0<\/strong>The price of oil is not a concern&#8230;Iraq\u2019s oil will be used to hurt Iraq\u2019s enemy.\u00a0 T<strong>his year&#8230;VERY LOUDLY&#8230;the IMF&#8230;the father of the world\u2019s rate&#8230;gave their appointed Central Bank Governor permission..<\/strong>.\u00a0\u00a0 This month of November is going to be very eye opening.\u00a0 the CBI is in the process of lifting the 3 zeros.\u00a0<strong>\u00a0I am EXPECTING to see the lower denoms this month&#8230;if not&#8230;then things may move into the 1st quarter of 2016.\u00a0\u00a0 I told my staff of a particular date. November is going to be pretty fun. In November&#8230;time is up.<\/strong>\u00a0 [post 1 of 2&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">firefly (Dinar Guru) &#8211;\u00a0<\/span><\/strong><strong>Unless the laws have changed IMO a float is not a possibility unless it&#8217;s a managed float.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Adam Montana (Dinar Guru) &#8211;\u00a0<\/span><\/strong>[<em>&#8230;what dictates that the RV has to take place&#8230;<\/em>?]\u00a0 I&#8217;ve always said 3 things need to happen:\u00a0\u00a0<strong>1. Stable GOI (Done!)\u00a0 2. Chapter 7 (Done!)\u00a0 3. HCL (ALMOST!)<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">tman23 &#8211;\u00a0<\/span><\/strong>The salary ladder was a necessity and the rates being paid were a sour subject with the World Bank\/IMF&#8230; This is not Abadi pulling a rabbit out of the hat but rather the strings attached from the World Bank\/IMF&#8230;<strong>\u00a0<span style=\"text-decoration: underline;\">The new salary scale does not meet the market prices&#8230;therefore it is reasonable to assume a rate must be applied along with the lifting of the 3 zeros<\/span><\/strong>&#8230; The salary scale will go through&#8230;<strong>\u00a0I am 1000% sure of that&#8230;and 1000% sure the zeros are due to be lifted&#8230;<span style=\"text-decoration: underline;\">IF correct in meeting the needs in the market place&#8230;the rate would work out to around $2.66<\/span><\/strong>&#8230;but that is just IMO through cutting in rough numbers.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">tman23 &#8211;\u00a0<\/span><\/strong><strong>There is no doubt that this monetary change has the best chance we have ever seen of happening before the first of the year<\/strong>&#8230;AND Abadi is in a pressure cooker that is about to explode&#8230;\u00a0<strong>He doesn&#8217;t have until mid next year, and IMO he doesn&#8217;t even have 90 days&#8230;\u00a0<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Adam Montana (Dinar Guru) &#8211;\u00a0<\/span><\/strong><strong>&#8230;and YESTERDAY it was announced that Parliament plans to include the HCL\u00a0into the 2016 budget<\/strong>. That by itself wouldn&#8217;t be too impressive &#8211; we see fluff\u00a0from Parliament all the time.\u00a0But THIS time they included verbiage that specifically states how it&#8217;s going to\u00a0work.\u00a0The Kurds will honor their oil commitment, or they get their funds cut off.\u00a0 This also means that their funds will not be cut off, provide they honor their\u00a0agreement&#8230; and\u00a0<strong>by putting it in the budget, that&#8217;s almost as good as passing\u00a0the actual Law.\u00a0<\/strong>\u00a0Let me put it another way &#8211; generally these announcements are one-sided,\u00a0and we can always expect them to go back and forth on it.\u00a0\u00a0<strong>THIS announcement accommodates BOTH sides, and is the single most\u00a0solid evidence that we are moving forward that I have EVER seen on the HCL.\u00a0<\/strong>\u00a0 [post 2 of 2]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Adam Montana (Dinar Guru) &#8211;<\/span><\/strong>\u00a0Yesterday we saw some of the\u00a0best news to come out of Iraq in a LONG time!\u00a0 I know I&#8217;ve been positive about the dinar for a few weeks, but now I&#8217;m actually\u00a0EXCITED!\u00a0 As I&#8217;m sure you&#8217;re aware, we have had a Hydro Carbon Agreement for some\u00a0time now. That&#8217;s fine and dandy, but<strong>\u00a0I don&#8217;t believe it was possible to see an\u00a0RV of any significance until there is a LAW on the oil agreement.\u00a0<\/strong>Maliki kept progress at bay for years&#8230; As of beginning of this year, Maliki was ousted and now we have Good Guy\u00a0Abadi at the helm, and for a few months he was a rock star! We saw a flurry\u00a0of progress&#8230;and then it all slowed down. We had nothing major to get excited about\u00a0over summer, and we all wondered when, or if, things would ever get moving\u00a0again.<strong>\u00a0Well, as of a couple weeks ago we started seeing some hints that things might\u00a0be picking up speed again&#8230;\u00a0<\/strong>\u00a0 [post 1 of 2&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Frank26 (Dinar Guru) &#8211;<\/span><\/strong>\u00a0<strong>We\u2019ve seen recently that Dr. Shabibi has started talking once again about the lifting of the 000\u2019s<\/strong>&#8230; PM Abadi was at the mosque Sunday evening&#8230;he did speak to the citizens<strong>&#8230;telling them he was offering a full life of security, stability, prosperity without exception to the upcoming EID<\/strong>&#8230;Where did these strong words come from&#8230;<strong>as we\u2019ve said there are EXPECTATIONS for November<\/strong>&#8230;NOVEMBER IS GOING TO BE LIKE A WATERFALL!\u00a0 &#8230;all this is phenomenal news.\u00a0Now is the SEASON&#8230;to be PROSPEROUS.\u00a0\u00a0 [post 2 of 2]<br \/>\n______________________________________________________________<\/p>\n<h1><span style=\"color: #0000ff;\"><strong>Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n<h2><strong><a href=\"https:\/\/i0.wp.com\/www.dinarupdates.com\/blog\/wp-content\/uploads\/2014\/03\/images-11.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft\" title=\"images (1)\" alt=\"\" src=\"https:\/\/i0.wp.com\/www.dinarupdates.com\/blog\/wp-content\/uploads\/2014\/03\/images-11.jpg?resize=133%2C130\" width=\"133\" height=\"130\" \/><\/a><span style=\"color: #ff0000;\">Don&#8217;t Miss &#8220;NEWS TIME&#8221; in the DU CHAT ROOM &#8211; (Woops) Friday evening at 7:30pm EST!!<\/span><\/strong><\/h2>\n<p><strong><a href=\"http:\/\/www.dinarupdates.com\/\" target=\"_blank\" rel=\"nofollow\">www.DinarUpdates.com<\/a> &#8211; save as favorite!!<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Frank26 (Dinar Guru) &#8211;\u00a0<\/span><\/strong><strong>&#8230;the US of A stated they were withdrawing USD\u2019s temporarily from Iraq<\/strong>&#8230;there was some excuse about funding terrorism\/DAASH\/ISIS or some such thing&#8230;probably a valid concern at some point&#8230;in the past.\u00a0\u00a0<strong>&#8230;the first week of August&#8230;this is when the US actually stopped sending USD to Iraq<\/strong>, loans were being made in USD up to that time\u2026but it all stopped, yes terrorism was to blame, partially.<strong>\u00a0\u00a0<span style=\"text-decoration: underline;\">What we need to keep in mind is that Iraq cannot revalue their IQD as long as the USD is being used in Iraq<\/span>.\u00a0 For the time being Iraq has essentially eliminated the USD from their diet\u2026.this was to happen by 1\/1\/2016 but has happened already&#8230;they are FAR FAR ahead of schedule.\u00a0<\/strong>\u00a0 [post 1 of 2&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Poppy3 &#8211;\u00a0<\/span><\/strong>IN THIS MEETING TWO DAYS FROM TODAY [TUESDAY] WITH THE IMF\u00a0<strong>THERE WILL BE RATE DISCUSSION TO DECIDE WHEN FUNDS FROM THE LOANS WILL BE RELEASED. GETTING THE LOAN IS ONE THING BUT HAVING THE FUNDS RELEASED IS TOTALLY SOMETHING ELSE ENTIRELY.\u00a0<\/strong>REMEMBER BUYING YOUR HOME THEY WANT TO KNOW UP FRONT HOW THEY GET PAID BACK AND A PROMISE WONT CUT IT&#8230;THEY WILL DEMAND ACTION IN WRITING AND ACTED UPON.\u00a0<strong>\u00a0<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #800000;\">BGG &#8211;<\/span> Seems like a VERY big push against cash\/CBI\/instituational corruption right now&#8230; ask yourself &#8211; WHY??<\/strong><br \/>\n______________________________________________________________<\/p>\n<h1><span style=\"color: #800000;\"><strong>The low value of the dinar has fallen year savings diminish chances of \u00abfloat\u00bb Dollar<\/strong><\/span><\/h1>\n<p><strong>Mohammed Hadi<\/strong><\/p>\n<p><strong>Baghdad &#8211;<\/strong>\u00a0Cannot for the proposal &#8220;floating dollar&#8221; stand up to the vagaries of the market economy; in light of the decrease of the local currency&#8217;s value against a difficult and declining public savings level, offset by higher imported goods prices, and therefore &#8220;chronic increase&#8221; occur in the general inflation levels, Despite assurances from economists that the &#8220;float&#8221; may provide financial liquidity, but not for a long time, because of the survival of the Iraqi economy&#8217;s dependence on import, and the exchange control doors were still weak by the government.<\/p>\n<p>Former officials at the Central Bank shows that one of the terms of the flotation assumes a Private sector next to the Central Bank is asking the dollar to the market as well, but in Iraq, the Central is the only body that pump the dollar for the domestic market, which creates &#8220;confusion&#8221; in the marketplace work.<\/p>\n<p>The officials pointed out that the idea of flotation, require &#8220;do not specify a certain amount to put dollars into the market. &#8221;<\/p>\n<p>She talks media leaks that <span style=\"text-decoration: underline;\"><span style=\"color: #ff0000; text-decoration: underline;\"><em><strong>the government will be forced to float the dollar, in the case failed to apply the new salary scale;<\/strong> <\/em><\/span><\/span>where he sees Supporters of this proposal is that it will be the key to resolving the financial crisis that hit the country&#8230;<\/p>\n<p><em><em><strong><em><strong>More:\u00a0<a href=\"http:\/\/dinarupdates.com\/blog\/\" target=\"_blank\" rel=\"nofollow\">http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/em><\/p>\n<p>______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Millionday &#8211;\u00a0<\/span><\/strong><strong>I THINK THE RATE AGREED ON WILL BE RELEASED &#8212; AND THEN IT MAY FLUXUATE BUT ONLY IMO AT A 2% SWING<\/strong>.\u00a0 I MEAN THE TOOLS THAT CBI HAS &#8212;<strong>\u00a0IT WILL BE MANAGED TO ONLY MOVE ONE WAY OR OTHER 2%<\/strong>\u00a0&#8212; IMO.\u00a0<strong>\u00a0<span style=\"text-decoration: underline;\">IN A SPEECH BY CBI GOVERNOR &#8212; THEY ARE READY TO RELEASE THE RATES &#8212; IMO.<\/span><\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Mike (Dinar Guru) &#8211;\u00a0<\/span><\/strong><strong>Why would Jabouri believe they could add value to the dinar when they can&#8217;t maintain the value now?<\/strong>\u00a0 Move to Article VIII, which will essentially remove demand for the dollar, and then the dinar will begin to rise as the economy grows.\u00a0 Heck, it&#8217;s clear what Iraq&#8217;s motive is, they want to save the GOI money.\u00a0<strong>\u00a0If they thought the dinar would rise, they wouldn&#8217;t spin it as an alternative to cutting the salaries.\u00a0<\/strong>\u00a0In the end, Iraq and the CBI control the value of the dinar through the auctions, history has proven that to us. When they capped the auction&#8217;s in February the dinar started to slide, in April the rate fell to 1300-1.\u00a0 Add in the tariff&#8217;s and the dinar lost further value.\u00a0<strong>\u00a0They need a solid foundation before they turn this thing loose in a float, IMO.\u00a0<\/strong>\u00a0 [post 2 of 2]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Mike (Dinar Guru) &#8211;<\/span><\/strong>\u00a0Article quote:\u00a0 &#8220;<em>The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar&#8230;<\/em>&#8221;\u00a0\u00a0<strong><span style=\"text-decoration: underline;\">Haitham Al-Jabouri apparently doesn&#8217;t realize that most currencies in the world that float are internationally traded and used to purchase imports. \u00a0Iraq isn&#8217;t there yet.<\/span>\u00a0<\/strong>\u00a0All of this would be a great idea if Iraqi&#8217;s could buy Turkish tomatoes with dinars, right now they can&#8217;t. \u00a0<span style=\"text-decoration: underline;\"><strong>The IMF has told them many times they need to get the street rate within 2% of the official rate and so far, they haven&#8217;t had much luck maintaining that.<\/strong><\/span>\u00a0[post 1 of 2&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><a href=\"http:\/\/www.dinarupdates.com\/blog\/?attachment_id=4056\" rel=\"attachment wp-att-4056\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" alt=\"Dinar pic above Daily Dinar Value\" src=\"https:\/\/i0.wp.com\/dinarupdates.com\/observer\/wp-content\/uploads\/2014\/03\/home7.jpg?resize=556%2C160\" width=\"556\" height=\"160\" \/><\/a><\/p>\n<h2><span style=\"color: #000080;\"><strong>Iraqi Dinar\/Dollar auction (from) 11-04-15\u00a0<\/strong><\/span><\/h2>\n<p><strong>Currency Auctions Announcement No. 3066<\/strong><\/p>\n<p>This daily currency auction was held in the Central Bank of Iraq on the 11-04-2015<\/p>\n<p><strong>The results were as follows:<\/strong><\/p>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"4\" align=\"center\">\n<tbody>\n<tr>\n<td bgcolor=\"#6699cc\">DETAILS<\/td>\n<td bgcolor=\"#6699cc\">NOTES<\/td>\n<\/tr>\n<tr>\n<td>Number of banks<\/td>\n<td>22<\/td>\n<\/tr>\n<tr>\n<td>Number of remittance companies<\/td>\n<td>16<\/td>\n<\/tr>\n<tr>\n<td>Auction price selling dinar \/ US$<\/td>\n<td>1166<\/td>\n<\/tr>\n<tr>\n<td>Auction price buying dinar \/ US$<\/td>\n<td>&#8212;&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Amount sold at auction price (US$)<\/td>\n<td>187,363,038<\/td>\n<\/tr>\n<tr>\n<td>Amount purchased at Auction price (US$)<\/td>\n<td>&#8212;&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Total offers for buying (US$)<\/td>\n<td>187,363,038<\/td>\n<\/tr>\n<tr>\n<td>Total offers for selling (US$)<\/td>\n<td>&#8212;&#8211;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em style=\"text-align: center;\"><span style=\"font-style: normal;\"><em><strong><em><strong>More: <a href=\"http:\/\/dinarupdates.com\/blog\/\" target=\"_blank\" rel=\"nofollow\">http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">tman23 &#8211;\u00a0<\/span><\/strong>In October 2012 Abadi [Does he mean Shabibi??] made an announcement in media about it being time to lift the 3 zeros and they were planning on doing so if the new currency could be ready before January if there was time.\u00a0 Days later Maliki had the courts issue an arrest warrant for Shabibi. During the sept\/oct iisd post 2015 summit an article was out about the iisd.\u00a0\u00a0 What we knew back in 2012 was Shabibi was in Japan for a convention.\u00a0\u00a0 That convention turned out to be meeting with the iisd.\u00a0<strong>NOW&#8230;straight from Japan a loan for 3 billion dollars&#8230;\u00a0\u00a0<span style=\"text-decoration: underline;\">We are in the same time frames as 2012 when they were preparing to lift the 3 zeros by the first of the year.<\/span><\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">firefly &#8211;\u00a0<\/span><\/strong>[<em>IRAQ WANTS A LOAN FROM THE IMF TO MOVE FORWARD&#8230;<\/em>]\u00a0\u00a0<strong>NOBODY is going to loan Iraq anything anymore at 1166.<\/strong>\u00a0 Something is definitely stirring on their side of the pond!\u00a0\u00a0<strong>Iraq has many many contracts waiting for the go&#8230;\u00a0\u00a0 So Iraq is meeting with the WB AND the IMF, both early this month.<\/strong>\u00a0Things that make you go Hmmmmmm.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Millionday &#8211;\u00a0<\/span><\/strong>[<em>Do you see this happening before Iran sanctions are lifted? I thought I read they will be lifted on the 15th of November.<\/em>]\u00a0\u00a0 I DO NOT KNOW THE DATE&#8230;AT ALL &#8212; MANY ARE GUESSING IT HAS TO DO WITH IRAN SANCTIONS &#8212;\u00a0<strong>I THINK THAT IT ONLY HAS TO DO WITH CBI AND IRAQ RIGHT NOW &#8212; REFORMING THE COUNTRY TO A MARKET ECONOMY.<\/strong><br \/>\n______________________________________________________________<\/p>\n<h1><span style=\"color: #800000;\"><strong>DinarUpdates.com News Time Chat 11-04-15 PM<\/strong><\/span><\/h1>\n<p><strong>Thanks to <a href=\"http:\/\/dinardetectives.com\/\" target=\"_blank\">Dinar Detectives<\/a> for a post and <a href=\"http:\/\/www.dinarrecaps.com\/\" target=\"_blank\">Dinar Recaps<\/a> for posting this in their <a href=\"http:\/\/www.dinarrecaps.com\/our-blog\" target=\"_blank\">BLOG<\/a><\/strong><\/p>\n<p><strong>Welcome to dinarupdates.com for News Time with Millionday!!<\/strong><\/p>\n<p><strong>Millionday:<\/strong> LOTS OF NEWS TODAY<\/p>\n<p><strong>Millionday:<\/strong> BEFORE WE BEGIN I AM GOING TO SHOW YOU WHAT I HAD TODAY IN CASE YOU WERE NOT HERE<\/p>\n<p><strong>Millionday:<\/strong> THIS WAS PART OF A SPEECH BY CBI GOVERNOR<\/p>\n<p><strong>Millionday:<\/strong> <em>He added that the central bank a day in the initial exchange market (referring to the lack of a future market for the currency or market options) and expresses its readiness to secure the display of foreign currency (dollars) to cover the need for demand to ensure the strengthening of the national currency and gradually to maintain stability at the target in each stage or period of revaluation ranges .<\/em><\/p>\n<p><strong>Millionday:<\/strong> SO AS WE SEE &#8212; HE IS ANNOUNCING THE READINESS TO ENSURE THE STRENGTHENING THE NATIONAL DINAR AND MAINTAIN STABILITY IN THE STAGE OF &gt;&gt;&gt;&gt;&gt;&gt;&gt;&gt;&gt;&gt;&gt;&gt;&gt;&gt;&gt;&gt;REVALUATION<\/p>\n<p><strong>Millionday:<\/strong> WHOOOPOW<\/p>\n<p><strong>Millionday:<\/strong> THOUGHT YOU WOULD LIKE TO SEE THAT<br \/>\n========================================<\/p>\n<p><strong>Millionday:<\/strong> <em>Hussein al-Tamimi Tgb began actual cooperation to rotate the wheel of industrial production in Iraq stage in cooperation with the Lebanese private sector, which has great expertise in many industries, especially after he proved remarkably successful at the international level and supported in the biggest international companies will investigate the economic feasibility of the two countries.<br \/>\n~~~<\/em><\/p>\n<p><strong>Read More: <a href=\"http:\/\/www.dinarupdates.com\/showthread.php?23877-Millionday-News-11-03-15\" target=\"_blank\">http:\/\/www.dinarupdates.com\/showthread.php?23877-Millionday-News-11-03-15<\/a><\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Enorrste (Dinar Guru) &#8211;\u00a0<\/span><\/strong>Article quote:\u00a0\u00a0\u00a0 &#8220;<em>The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace,\u00a0<span style=\"text-decoration: underline;\">most notably float currency for the high price of the dollar against the Iraqi dinar..<\/span>.<\/em>&#8221;\u00a0\u00a0\u00a0 This ties in with the other recent article that stated that the CBI was going to go &#8220;<em>on the attack<\/em>&#8221; with respect to getting the dinar value raised. \u00a0<span style=\"text-decoration: underline;\"><strong>Now this article is saying that Abadi is behind the plan all the way. \u00a0I won&#8217;t be surprised to see the dinar released to a float prior to the end of this year or early in the next.<\/strong><\/span><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Kaperoni (Dinar Guru) &#8211;\u00a0<\/span><\/strong>Article quote:\u00a0 &#8220;<em>The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar&#8230;<\/em>&#8221;\u00a0\u00a0\u00a0<strong><span style=\"text-decoration: underline;\">My take is Saleh is telling Abadi to forget about the salary scale and just float the dang currency!<\/span>\u00a0\u00a0<\/strong>I&#8217;m for getting off the peg and let it rip good or bad.\u00a0\u00a0 I really don&#8217;t see how it could go down with the Investment Law on the books and the soon to be deposit insurance act.<strong>\u00a0\u00a0<span style=\"text-decoration: underline;\">Iraq is about to receive a huge influx of capital for investment.\u00a0 Only one way to go&#8230;up.<\/span><\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Frank26 (Dinar Guru) &#8211;\u00a0<\/span><\/strong>In the last 24-48 hours we\u2019ve seen several articles that state they are going to delete the 3 zeros.\u00a0<strong>\u00a0IMO &#8211; Abadi is now shifting things to a market economy \u2026\u00a0<span style=\"text-decoration: underline;\">the only way to do that is to tell these \u201cinvestors\u201d in back-rooms that they are about to raise the value of their currency<\/span>.<\/strong>\u00a0This is HUGE!\u00a0 Time is up and they can\u2019t afford to walk into next year \u2026 bankrupt.\u00a0 They can\u2019t go bankrupt&#8230;that would be a LOP&#8230;and that is not the goal of Iraq nor the United States.<br \/>\n______________________________________________________________<\/p>\n<h1 style=\"text-align: center;\"><span style=\"color: #008000;\"><strong>\u201cRound Table\u201d Dinar Call!!<\/strong><\/span><\/h1>\n<h1 style=\"text-align: center;\"><span style=\"color: #0000ff;\"><em><strong>\u201cfor Dinar News \u2013 that MATTERS!!\u201d<br \/>\n<span style=\"color: #ff0000;\">from Tuesday 11\/03<\/span><\/strong><\/em><\/span><span style=\"color: #0000ff;\"><em><strong><span style=\"color: #0000ff;\"><br \/>\n<\/span><\/strong><\/em><\/span><\/h1>\n<h2 style=\"text-align: center;\"><strong><a href=\"http:\/\/d.pr\/a\/1jx9N\" target=\"_blank\" rel=\"nofollow\">Smart phone user link \u2013 Click here<\/a><\/strong><\/h2>\n<p>______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">EXOGEN (Dinar Guru) &#8211;\u00a0<\/span><\/strong>Article quote:\u00a0 &#8220;<em>Parliamentary Finance Committee, announced Tuesday, that\u00a0<span style=\"text-decoration: underline;\"><strong>the financial budget for next year will be included on the agenda of the next meeting of the House to read the first reading<\/strong><\/span><\/em><span style=\"text-decoration: underline;\">.<\/span>&#8221;<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">tman23 &#8211;\u00a0<\/span><\/strong>[<em>ya think early 2016<\/em>?] \u00a0\u00a0<span style=\"text-decoration: underline;\"><strong>\u00a0IMO&#8230; BEFORE!<\/strong>\u00a0<strong>They will need to open 2016 with the 3 zeros lifted<\/strong>.<\/span>\u00a0 No money for the people and cut salaries&#8230;This is the defining moment!\u00a0\u00a0\u00a0<strong>Either Abadi &#8220;flips the switch&#8221; per se&#8217; and opens with some purchasing power to the currency&#8230;OR Maliki and his opposition will be able to flip the country with very little resistance from the citizens&#8230; really is that simple!<\/strong>\u00a0\u00a0 [post 2 of 2]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">tman23 &#8211;\u00a0<\/span><\/strong>Zebari, the Finance Minister said in an official statement that by the end of the year Iraq will have only spent 60% of the 2015 budget&#8230; So how is that? And another Minister said that November is going to be a huge economic crisis month&#8230;\u00a0<strong>From the outside looking in&#8230; it appears that they are setting up for something different then just salary cuts&#8230; the cuts are an adjustment to the lifting of the 3 zeros&#8230;and<span style=\"text-decoration: underline;\">\u00a0the cuts give indications that lifting the 3 zeros is not a neutral event, but rather going to add value to the Iraqi dinar&#8230;<\/span><\/strong><span style=\"text-decoration: underline;\">\u00a0<\/span>\u00a0[post 1 of 2&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Dinar flashback\" src=\"https:\/\/i0.wp.com\/www.dinarupdates.com\/blog\/wp-content\/uploads\/2014\/03\/flashback1.jpg?w=640\" \/><\/p>\n<h2><strong>The Exchange Rate of Foreign Currency in Economic Feasibility Studies <\/strong><\/h2>\n<p>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<p><strong>Estimate the shadow price of foreign currency:&#8230;<\/strong><\/p>\n<p>3. <strong>Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar<\/strong>. This price should be approved for 3 years until re-appreciation by the competent authorities.<\/p>\n<p><strong>Read More &#8211; see first post in this Thread: <a href=\"http:\/\/www.dinarupdates.com\/forumdisplay.php?5-Current-Iraq-NEWS\" target=\"_blank\">http:\/\/www.dinarupdates.com\/forumdisplay.php?5-Current-Iraq-NEWS<\/a><\/strong><br \/>\n______________________________________________________________<\/p>\n<h2 style=\"text-align: left;\">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<h2 style=\"text-align: center;\"><a href=\"http:\/\/www.dinarupdates.com\/\" target=\"_blank\" rel=\"nofollow\">www.DinarUpdates.com<\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the Dinar Observer &#8211; Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info &#8211; THAT MATTERS!! This is a good place to start &hellip; <a href=\"https:\/\/dinarupdates.com\/observer\/?p=11488\">Continue reading <span class=\"meta-nav\">&rarr;<\/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-11488","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-2Zi","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/11488","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=11488"}],"version-history":[{"count":10,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/11488\/revisions"}],"predecessor-version":[{"id":11490,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/11488\/revisions\/11490"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}