{"id":11549,"date":"2015-11-11T18:15:09","date_gmt":"2015-11-12T00:15:09","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=11549"},"modified":"2015-11-11T21:27:26","modified_gmt":"2015-11-12T03:27:26","slug":"dinar-observer-daily-nov-11th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=11549","title":{"rendered":"DINAR OBSERVER DAILY Nov 11th"},"content":{"rendered":"

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

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

Philippians 1:3 (NKJV)<\/span><\/h1>\n

3 I thank my God upon every remembrance of you,<\/p>\n

Heavenly Father, Thank You that You are Love! Thank you for all who have served our country and are still serving to protect our Country! We pray that You will bless them and their families! In Jesus Name, Amen.<\/em><\/h2>\n

Happy Veterans Day!!<\/strong><\/h2>\n

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

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CURRENCY CODE SELL BUY
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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>\n1248.903<\/td>\n1248.278<\/td>\n<\/tr>\n
British pound<\/td>\nGBP<\/td>\n1761.360<\/td>\n1760.479<\/td>\n<\/tr>\n
Canadian dollar<\/td>\nCAD<\/td>\n879.403<\/td>\n878.963<\/td>\n<\/tr>\n
Swiss franc<\/td>\nCHF<\/td>\n1160.661<\/td>\n1160.081<\/td>\n<\/tr>\n
Swedish krona<\/td>\nSEK<\/td>\n134.222<\/td>\n134.155<\/td>\n<\/tr>\n
Norwegian krone<\/td>\nNOK<\/td>\n134.631<\/td>\n134.564<\/td>\n<\/tr>\n
Danish krone<\/td>\nDKK<\/td>\n167.411<\/td>\n167.327<\/td>\n<\/tr>\n
Japanese yen<\/td>\nJPY<\/td>\n9.467<\/td>\n9.462<\/td>\n<\/tr>\n
Special
\nDrawing Rights<\/td>\n		SDR<\/td>\n1608.742<\/td>\n1607.937<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Indicative rates – 11.11.2015<\/strong><\/h2>\n

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

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That which can be asserted without evidence can also be dismissed without evidence. – Christopher Hitchens<\/em><\/strong><\/span><\/h2>\n

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

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\"Dinar<\/p>\n

The Exchange Rate of Foreign Currency in Economic Feasibility Studies <\/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. 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

Read More – see first post in this Thread: http:\/\/www.dinarupdates.com\/forumdisplay.php?5-Current-Iraq-NEWS<\/a><\/strong>
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Enorrste (Dinar Guru) –\u00a0<\/span><\/strong>“The central bank issued banknotes fifty thousand Dinars categor<\/em>y”\u00a0 \u00a0Once again we see that the plan is still in place, although delayed. \u00a0We had expected to see this in August as I recall. \u00a0Coming out now is just about consistent with our understanding of Iraq’s delayed timing schedule. \u00a0This confirms for me, in spades, that we will see the withdrawal of the 25000 notes during the next month or so, followed by a gradual reduction in the money supply total itself (value, as well as number of notes in circulation), thus setting up the scenario required to release the dinar to a free float.<\/strong>\u00a0\u00a0I would not even be surprised to see a 100000 note come out within the next 45 days.\u00a0 All in all this is turning out to be a very good week.
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Adam Montana (Dinar Guru) –<\/span>\u00a0<\/strong>[\u00a0I want to know, if the HCA (Hydro-Carbon Agreement) went to Parliament, with the 2016 Budget, on last Wednesday (11\/04\/2015).<\/em>]\u00a0\u00a0Everything I know about the current situation tells me that the HCL will be part of the budget, and it looks very positive to pass quickly.<\/strong>
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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

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

www.DinarUpdates.com<\/a> – save as favorite!!<\/strong>
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\u00a0<\/span><\/span>Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>…the IQD is no longer pegged to the USD<\/strong>…we heard this earlier this year…so what are they pegged to…..the SDR.\u00a0\u00a0the USD is in a…basket…yes that basket has USD in it…but they unpegged from the USD earlier…yes they did…but this…basket it looks so nice…it is so SECURE with what you see in it and the IQD will gladly peg with this SDR basket<\/strong>.\u00a0 Someone said last night…ReInstatement…bring back the old rate…STOP.\u00a0 What is an RI?\u00a0\u00a0 …when a country does a reinstatement of their currency they are simply doing this for international use and RECOGNITION.\u00a0\u00a0They first have to RI…IMO…THEY JUST DID.\u00a0 They have busted their borders wide open as they move into Article 8.\u00a0 The moment the blessing occurs…when they RAISE the VALUE…THAT IS AN RV!<\/strong>
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Adam Montana (Dinar Guru) –<\/strong>\u00a0<\/span>It\u00a0really looks like things are moving along as awesome as possible, so\u00a0if we don\u2019t hear anything disastrous, I\u2019m thinking that this train is ROLLIN\u2019!\u00a0\u00a0The only real update\/news to report is this:\u00a0Second Reading of the budget is on Monday…\u00a0 They have already given us all the info we need to suspect that the\u00a0HCL is definitely in the Budget<\/span>, and compared to how Budget readings\u00a0went in the past, this one is FLYING along!<\/strong>
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mike (Dinar Guru) –\u00a0<\/span><\/strong>Article:\u00a0 “The central bank issued banknotes fifty thousand Dinars category<\/em>”\u00a0\u00a0I guess I’m waiting to actually see the note, I’ve looked at several sites for confirmation and haven’t found anything<\/span><\/strong>.\u00a0I won’t be surprised to see a retraction by the CBI tomorrow, there’s no official attached to this news, like Keywords for instance.<\/strong>\u00a0My position as to why they’re printing the notes is the same, they’re going to increase the money supply in Iraq if they print these bills.\u00a0For me, it makes no sense to print larger notes to reduce note count, in fact, it’s never been done in the history of fiat currency<\/strong>.\u00a0However, if they do remove the dinar from the peg and allow a currency that’s not in article VIII compliance to float, they’re going to need these larger notes when the value drops to 1500-1.<\/strong>\u00a0Taking away the auctions is going to remove the biggest tool the CBI has to maintain the value and it’s going to cause the dinar to crater. How can I be so sure? Because I watched what happened in February when they capped the auctions at 75 million. It will be even worse with no auctions.
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\"Dinar<\/a><\/p>\n

Iraqi Dinar\/Dollar auction (most recent listing) 11-11-15\u00a0<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3071<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 11-11-2015<\/p>\n

The results were 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>\n26<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n17<\/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$)<\/td>\n173,741,000<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n173,741,000<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em>
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tman23 –<\/span><\/strong>\u00a0[do you thing with the isssue of 50 k notes will hold up the rv?<\/em>]\u00a0\u00a0\u00a0They have said the “new” must come first as a prelude to the lifting of the 3 zeros from the currency notes<\/strong>…So end of Oct was 6 months after the removal of the 50 note (officially) from exchange. \u00a0THAT 50 NOTE WAS GOING TO INTERFERE IN SOME WAY WITH THE 50,000 NOTE LESS 3 ZEROS.\u00a0\u00a0<\/strong>THERE IS AN EDUCATIONAL PROCESS THAT MUST GO ALONG WITH THE CHANGE.\u00a0\u00a0JUST KNOW THEY ARE CHANGING AND THE SALARY LADDER ALONG WITH PENSIONS AND SOCIAL SECURITY WITH CUTS AND CHANGES INDICATE A DIFFERENT RATE MAY BE APPLIED…BUT I AM CONFIDENT THE 3 ZEROS ARE NOT PART OF 2016.<\/strong>
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Enorrste (Dinar Guru) –\u00a0<\/span><\/strong>Article:\u00a0 “The Central Bank of Iraq, announced issuing new cash paper category fifty thousand Dinars, includes writings in the Kurdish language…<\/em>”\u00a0\u00a0\u00a0\u00a0Article quote and explanation from 5-24-2015:\u00a0<\/strong>\u00a0“this is a preliminary step to remove zeros from the Iraqi currency in the coming years”, adding that “these two categories will facilitate the process of deliberation of the Iraqi dinar exchange for hard currency<\/em>.”\u00a0\u00a0The quote specifically says that both the introduction of the larger notes AND the removal of the three zeros notes after that will lead to the “deliberation of the Iraqi dinar exchange for hard currency.<\/span>”\u00a0<\/strong>\u00a0In other words, the article’s writer is confirming my analysis that the introduction of the larger notes will lead Iraqis\u00a0away from dollars since they will, after their introduction, have their own equivalent of a $50 and $100 bill, although worth just slightly less.<\/span>\u00a0\u00a0This will reduce the demand for dollars, and probably quickly, since they won’t have to pay the 8% “vig” to get the dollars anymore.\u00a0\u00a0Reduction in dollar demand is the same as increasing demand for dinars, meaning the value of the dinar will begin to rise.\u00a0<\/span>\u00a0At some point, “over the next years” and after they change the exchange rate regime to a float,\u00a0the demand will reach levels where the three zero notes will be withdrawn due to their being worth too much to carry.
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Revbo (Dinar Guru) –\u00a0<\/span><\/strong>Article quote:\u00a0 “The Central Bank of Iraq, announced issuing new cash paper category fifty thousand Dinars, includes writings in the Kurdish language…<\/em>”\u00a0\u00a0\u00a0I know they had originally said these were going to be out this year, but all the news, for the past six months, has been that they would be out sometime in 2016, which, to me, always sounded like an indefinite postponement with no guarantee that they would ever be released, but certainly not before 2016.\u00a0 \u00a0Now, the day after the Fed tells them to get on with monetary reform and they sign the MoU with the IMF, they put them out there. That can’t be coincidence.<\/strong>
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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0…you are NOT going to see the LAWS implemented…you are not going to see the Lower Denoms given to the Baby Banks…You are not going to\u00a0[see] Dr. Shabibi take the helm of the CBI…you are NOT going to see Dr. Shabibi announce his monetary reform process option…\u00a0UNTIL WHAT…Until MALIKI is walked to the gallows…\u00a0\u00a0So when will we see an increase in value…Dr. Shababi at the helm…the LD\u2019s released to the banks…the laws implemented.<\/strong>
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Poppy3 –\u00a0<\/span>I EXPECT RV PRIOR TO CHRISTMAS AND POSSIBLY EVEN THIS MONTH<\/strong>. TIME WILL TELL BUT SECURITY IS NOW GREAT, THE GREEN ZONE IS ALL OPEN AND THEY HAVE FREEDOM TO MOVE ABOUT AT ANYTIME.\u00a0THEY PROMISE TRADE INTERNATIONALLY BY 2016 WHICH REQUIRES A RATE AND FOR THAT RATE TO HAVE TIME TO MOVE THEM THROUGH THE WTO AND THAT TAKES A MINIMUM OF TIME…<\/strong>\u00a0\u00a0THIS IS WHY I THINK BEFORE THE END OF THIS MONTH IS NEEDED<\/strong>. THERE ARE SEVERAL OTHER THINGS… THEIR ISX IS TO OPEN INTERNATIONAL TRADE BY JAN 1. OTHER PROMISES ARE THEY WILL HAVE DAILY ELECTRIC SERVICE FOR ALL OF BAGDAD. THAT WAS SAID TO REQUIRE MILLIONS THROUGH THE BUDGET…THE CARDS ARE STACKED IN OUR FAVOR MORE THAN EVER.\u00a0\u00a0 [post 2 of 2]
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Poppy3 –\u00a0<\/span><\/strong>MANY…STILL DOING THEIR BEST TO CALL FOR A FLOAT STARTING LOW THEN CLIMBING WITH A MARKET VALUE FLOAT.\u00a0 \u00a0WELL…LOW VALUE DOESNT MAKE A BIT OF SENSE AND ABSOLUTELY DOESNT SOLVE ONE PROBLEM FOR IRAQ<\/strong>. LETS SEE…WOULD IT FUND THE BUDGET (NOT AT ALL)…DOES IT ATTAIN ANY LOANS (NOT AT ALL)…DOES IT LET THEM SELL BONDS (NOT AT ALL)…MAYBE PAY RETRIBUTION THEY HAVE PROMISED (NOT AT ALL).\u00a0\u00a0MAN I COULD GO ON BUT THATS MORE THAN ENOUGH REASONS THAT THE RATE WILL BE WHERE IT HAS BEEN STATED MANY TIME BY PEOPLE THAT MATTER..NEAR OR ABOVE $3.00 PLUS<\/strong>.\u00a0\u00a0 [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) –\u00a0<\/span><\/strong>…the US went through a delete the zeros, sort of, many years ago.\u00a0The US treasury has and still has 10,000, 5,000 and 1,000 notes today that are legal tender…but why are they not used?<\/span>\u00a0The same thing will take place in Iraq.\u00a0\u00a0Again, delete the zeros, lift the zeros, pertains to the eventual drawing in off the streets, out of the market place the larger notes.<\/span><\/strong>
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Enorrste (Dinar Guru) –<\/span><\/strong>\u00a0In other words, it seems to me that the IMF has been given the helm of the CBI and that\u00a0from this point through to the implementation of the float it will be the IMF that is determining the timing and the actual events that will lead to this implementation.<\/strong>\u00a0\u00a0Since KAP [Guru Kaperoni] has been so effective in reading up on the IMF and reporting what he has found, we know that the IMF has a worldwide plan to make the dinar a powerful tool for the entire world economy. \u00a0Thus this “memorandum” may actually be a subtle statement that the IMF has run out of patience with the Iraqis and their own time frame. \u00a0Therefore, I see that things will move forward much more quickly now as the IMF (and the World Bank) have recommended for well over a year now.<\/span><\/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<\/div>\n","protected":false},"excerpt":{"rendered":"

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start … 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":[3,24,17,5,18,7,26,23,4,21,20,22,25,19,14,9],"class_list":["post-11549","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-news","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-30h","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/11549","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=11549"}],"version-history":[{"count":6,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/11549\/revisions"}],"predecessor-version":[{"id":11551,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/11549\/revisions\/11551"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}