{"id":11664,"date":"2015-12-02T20:24:00","date_gmt":"2015-12-03T02:24:00","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=11664"},"modified":"2015-12-02T20:52:24","modified_gmt":"2015-12-03T02:52:24","slug":"dinar-observer-daily-dec-2nd","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=11664","title":{"rendered":"DINAR OBSERVER DAILY Dec 2nd"},"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

Psalm 18:30 (NKJV)<\/span><\/h1>\n

30 As for God, His way is perfect;
\nThe word of the Lord is proven;
\nHe is a shield to all who trust in Him.<\/p>\n

Heavenly Father, Thank You that Your way is perfect! Thank You that You are a shield to us! We trust in You \ud83d\ude42 In Jesus Name, Amen.<\/em><\/h2>\n

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

______________________________________________________________<\/p>\n

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>\n1182.000<\/td>\n1180.000<\/td>\n<\/tr>\n
Euro<\/td>\nEUR<\/td>\n1252.920<\/td>\n1252.294<\/td>\n<\/tr>\n
British pound<\/td>\nGBP<\/td>\n1782.220<\/td>\n1781.328<\/td>\n<\/tr>\n
Canadian dollar<\/td>\nCAD<\/td>\n883.937<\/td>\n883.495<\/td>\n<\/tr>\n
Swiss franc<\/td>\nCHF<\/td>\n1148.911<\/td>\n1148.337<\/td>\n<\/tr>\n
Swedish krona<\/td>\nSEK<\/td>\n135.959<\/td>\n135.891<\/td>\n<\/tr>\n
Norwegian krone<\/td>\nNOK<\/td>\n136.164<\/td>\n136.096<\/td>\n<\/tr>\n
Danish krone<\/td>\nDKK<\/td>\n167.948<\/td>\n167.864<\/td>\n<\/tr>\n
Japanese yen<\/td>\nJPY<\/td>\n9.598<\/td>\n9.593<\/td>\n<\/tr>\n
Special
\nDrawing Rights<\/td>\n		SDR<\/td>\n1623.973<\/td>\n1623.161<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Indicative rates – 12.02.2015\u00a0<\/strong><\/h2>\n

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

______________________________________________________________<\/p>\n

It is dangerous to be right when the government is wrong. – Voltaire<\/em><\/strong><\/span><\/h2>\n

______________________________________________________________<\/p>\n

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

______________________________________________________________<\/p>\n

BGG –\u00a0<\/span><\/strong>…they have had LD’s printed and ready to use for quite some time…LD’s won’t be a hold-up…the only reason we see no LD’s – is because they are of little use (currently)… when they are – we will see them.<\/strong>\u00a0 Ask yourself this – why would they print them and have them on hand, if they didn’t intend to use them (eventually)?
\n______________________________________________________________<\/p>\n

Kaperoni (Dinar Guru) –\u00a0<\/span><\/strong>Article quote:\u00a0“According to a statement of the bank, “Eye Iraq News” received a copy of “The size of the amount sold today reached 179 million, and to $ 760 000, priced at 1166 dinars to the dollar exchange rate, with the participation of 24 banks and 16 financial company to convert<\/em>.”\u00a0\u00a0 It is clear from this that the new price has not been reflected in the auctions yet..\u00a0 So I would not assume the spread is in compliance.\u00a0\u00a0Once the new price changes, we may very well see the spread change accordingly.<\/strong><\/span>
\n______________________________________________________________<\/p>\n

wmawhite (Dinar Guru) –\u00a0<\/span><\/strong>[can you comment on the cbi rate change?<\/em>]\u00a0 Yes…interesting that the IMF has the CBI “by the hand” and this is the first move in how many years?\u00a0 Just speculation…get the Buy\/Sell to a point that is stable in preparation for de-pegging from the dollar.\u00a0\u00a0...we are at the point, IMO, that as the IMF has told the world that they expect Iraq to re-enter the “markets” by the first half of 2016<\/span>.<\/strong>\u00a0 Nothing has changed. The world has been told what to expect.\u00a0Knowing this, what has to change with the IQD in order for it to re-enter the “markets”? Answer: a tradable\/recognized currency…that reflects the true value of Iraq.<\/strong>
\n______________________________________________________________<\/p>\n

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

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

www.DinarUpdates.com<\/a> – save as favorite!!<\/strong>
\n______________________________________________________________<\/p>\n

Millionday (Dinar Guru) –\u00a0<\/span><\/strong>THE REASON THAT THE CHANGE IS DONE IMO IN CBI FOR THE EXCHANGE RATE HAS BEEN TOLD TO US TWO DAYS AGO.\u00a0\u00a0THE FIRST THING IT IS SUPPOSED TO DO IS BE ADJUSTED FORMALLY FOR THE COST OF LIVING \/INFLATION ETC.<\/strong>\u00a0 THAT WAS IN INK TWO DAYS AGO…\u00a0THIS IS HUGE NEWS…GREAT NEWS.\u00a0\u00a0THIS MEANS THAT A STEP THEY STATED WAS TO BE DONE HAS BEEN DONE IN ONE DAY.<\/strong>\u00a0 WHEN HAS THAT HAPPENED?\u00a0\u00a0THEY LAYED OUT THE STEPS AND THE FIRST WAS A VALUE ADJUSTMENT — THIS HAS BEEN DONE RIGHT AWAY.<\/strong>\u00a0\u00a0 THIS IS THE FIRST STEP THEY WERE DISCUSSING — SO KNOW I AM VERY EXCITED.\u00a0THEY ARE DOING EXACTLY WHAT THEY SAID AND THAT IS NEWS IN ITSELF. THIS IS FAST MOVEMENT.\u00a0 THEY ARE WORKING AND MOVING — THE TRIP TO BRUSSELS WAS CANCELLED TO VOTE IN THE BUDGET.\u00a0<\/strong>THIS IS GREAT NEWS.
\n______________________________________________________________<\/p>\n

sczin11 (Dinar Guru) –<\/span><\/strong>\u00a0THE CBI WEBSITE HAS…WELL, CHANGES AND…WOW!\u00a0<\/strong>\u00a0DINAR EXCHANGE RATE DOWN…CURRENCY CODE SELL BUY US dollar USD 1182.000 1180.000…MARKET RATE…POSTED AT 1214<\/strong>.<\/span>\u00a0 DECEMBER 2, 2015…. IQD EXCHANGE RATE DOWN…WRONG DIRECTION?\u00a0THIS IS ONE OF THE WEALTHIEST PIECES OF LAND IN THE WORLD!\u00a0 TRADE GLOBALLY IS A MUST.\u00a0<\/strong>\u00a0THE WORLD AGENCIES, INCLUDING, BUT NOT LIMITED TO THE IMF AND WORLD BANK, AS WELL AS THE INTERNATIONAL COMMUNITIES, ARE WELL AWARE OF THE STRUGGLE WITHIN THE POLITICAL SYSTEM OF IRAQ, YET THEY REFUSE TO ABANDON SHIP…THEY CONTINUE AT ALL COSTS, MONEY AND LIVES, TO STAND BY AND WAIT FOR CHANGE…AND FOR THIS REASON, AND THIS REASON ALONE, WE SHOULD ALL CONTINUE TO PERSEVERE!\u00a0<\/strong>\u00a0REMEMBER…FOLLOW THE MONEY!
\n______________________________________________________________<\/p>\n

OOTW (Dinar Guru) –\u00a0<\/span><\/strong>DURING THE KOBER INSTITUTE INTERVIEW, ABADI WAS ASKED HOW IRAQ COULD EXPAND THEIR ECONOMY IN ORDER TO MEET \/ REPAY FINANCIAL OBLIGATIONS, VIA LOANS FROM OTHER COUNTRIES \u2013 AND\u00a0HE SAID THAT THE PLAN WAS TO IMPLEMENT THE TARIFF’S AND GET THE PRIVATE SECTOR GOING…SO…THE 2016 BUDGET LAW HAS WITHIN IT,\u00a0 GUIDELINES STATING THAT THE TARIFF’S WILL BE IMPLEMENTED 2016<\/span><\/strong>\u00a0– WHEN IN 2016 IS ANYONE’S GUESS – BUT STILL, THIS IS VERY GOOD NEWS.
\n______________________________________________________________<\/p>\n

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

Iraqi Dinar\/Dollar auction (most recent listing) 12-02-15\u00a0<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3086<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 12-02-2015<\/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>\n24<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n16<\/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$)<\/td>\n170,760,000<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n170,760,000<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em>
\n______________________________________________________________<\/p>\n

Kaperoni (Dinar Guru) –\u00a0<\/span><\/strong>Article quote:\u00a0\u00a0“He stressed that the central bank \u00abbeing reviewed in accordance with international standards<\/em>.”\u00a0\u00a0\u00a0Which means they are working with the CBI to get them into compliance (Article VIII)<\/span>.<\/strong>\u00a0It does not get really any clearer.\u00a0 There is no reason not to believe that over the next few months that the CBI will achieve compliance.\u00a0 The IMF and the world’s best financial people will help the CBI.\u00a0\u00a0So despite what we all might think of Allaq,\u00a0getting the banking system open and the dinar in Article VIII is now a priority.<\/span>\u00a0<\/strong>I think we all can agree, for the first time in a long time, Iraq has a clear goal for monetary policy<\/strong>.\u00a0We just have to wait and watch.\u00a0 For someone like me who has been in this and watched lots of ups and downs, this is rather exciting.
\n______________________________________________________________<\/p>\n

wmawhite (Dinar Guru) –\u00a0<\/span><\/strong>[…does Iraq have to be in Article 8 before they can have an internationally currency<\/em>?]\u00a0\u00a0Article 8 is the “Good Housekeeping Seal of Approval” to the world financial institutions.<\/span>\u00a0 There are some Iraqi economists that believe the value of the IQD will need to change in value prior to moving to Article 8.<\/strong>\u00a0\u00a0 We shall see.
\n______________________________________________________________<\/p>\n

Kaperoni (Dinar Guru) –\u00a0<\/span><\/strong>“new exchange rate from CBI”<\/em>\u00a0\u00a0[Is this how they are working toward getting within the 2% spread<\/em>?]\u00a0\u00a0\u00a0Since 1182 + commission is the new official rate, 1214 market rate is at or about 2%.<\/span>\u00a0<\/strong>
\n______________________________________________________________<\/p>\n

wmawhite (Dinar Guru) –\u00a0<\/span><\/strong>[the rate at the cbi has changed…its NOT 1166 anymore.<\/em>]\u00a0\u00a0When you least expect it, an in conjunction with the IMF,\u00a0the CBI makes a move to close the 2% spread between it and “street rate”.<\/span>\u00a0<\/strong>[See the official CBI rate in the Dinar Guru Resource Bar on the left of this page…]
\n______________________________________________________________<\/p>\n

Frank26 (Dinar Guru) –\u00a0<\/span><\/strong>Dr. Shabibi is ready to show this new number in the middle of December\u2026the 7-10 day could be for distribution across GLOBAL banks\u00a0with\u00a0the 1 to 1 by the first quarter of 2016…then by the end of the year (2016) they will be where they want to be…just ahead of Kuwait<\/span><\/strong>…at that point they will cap the rate\u2026that is why it won\u2019t be a free float.\u00a0 It has to be a managed float so they can cap it once they get to the point where they want otherwise with a free float they have to answer to the 2% growth and it would take like 10 years to get to that cap point.\u00a0IMO when they cap this toward the end of next year I think they will be between 3.86 and 4.30.<\/strong>\u00a0<\/span>\u00a0Parliament is back on the 8th of December, will the rate be affected if they don\u2019t vote the budget in…yes if they don\u2019t do the budget and don\u2019t do the taxes and tariffs then this will delay things…we are confident this will happen.<\/span><\/strong>..\u00a0 [post 2 of 2]
\n______________________________________________________________<\/p>\n

Frank26 (Dinar Guru) –\u00a0<\/span><\/strong>We\u2019ve established that Dr. Shabibi is back at the helm…Dr. Shabibi wants this to happen at the beginning of a year or the middle of a year…he said give me a long weekend…they will be gone on holiday starting Wednesday night…all Thursday…all Friday…all Saturday…maybe even Sunday.\u00a0 Is this timing…yes…it is the perfect storm for the RI<\/strong>…the RI…has nothing to do with numbers…it is a qualification of their country to be introduced into an international market…that is why the IQD is not traded right now, because of the locked program rate…no sanctions left to be filled…all are lifted but there are articles under the IMF but it looks like they are fulfilling them.\u00a0...we think they will start about 40 cents for the citizens…then it may wait 7-10 days or may start right away…they may apply this new number in the middle of December<\/span>.\u00a0<\/strong>\u00a0[post 1 of 2….stay tuned]
\n______________________________________________________________<\/p>\n

Arthur (Dinar Guru) –\u00a0<\/span><\/strong>And most importantly, we now see the beginning of a special session to finally determine the mechanisms for fair distribution of give and take between the center and the region as well all the entirety of the Iraqi provinces via the HCL agreement that is\u00a0by all indications embedded within the 2016 budget that has been targeted to be completed in this month of December 2015<\/span><\/strong>.\u00a0\u00a0\u00a0<\/strong>It is now quite evident that the IMF\/UN and other controlling PTB entities including China who is now to have a prominent role in the SDR basket of world currencies which will forever change the international economic landscape as we know it\u00a0putting new pro RV pressures on the Authors Of The Plan that tell us that the mother of all RV windows has emerged between NOW and Jan 15th of 2016.<\/span>\u00a0\u00a0<\/strong>[post 3 of 3]
\n______________________________________________________________<\/p>\n

Arthur (Dinar Guru) –<\/span><\/strong>\u00a0There are many factors too numerous to count that makes this EOY totally different than others, but\u00a0one thing we know for sure is we have never seen a working, full blown and implemented budget in Iraq because conditions have never been conducive in this factionally divided nation for that to occur\u00a0until now<\/span><\/strong>.\u00a0 Think back to a few years ago when Shabibi himself said that he would RV the currency if there was the requisite level of economic and security stability.\u00a0 Now think where we are now.\u00a0\u00a0<\/strong>No more do we here about provinces falling to ISIS and fear of green zone encroachment but just the opposite that they are defeating ISIS at every turn with the help of PTB air strikes.\u00a0\u00a0We have seen the purchase of major tonnage of gold over the past several months to back the asset back IQD and a systematic diminution of the note count to make way for the LD’s that by all indication are now ready to be distributed.\u00a0\u00a0<\/strong>\u00a0[post 2 of 3….stay tuned]
\n______________________________________________________________<\/p>\n

Arthur (Dinar Guru) –<\/span><\/strong>\u00a0Its probably a good thing that we are so numb to this now \u00a0so that this highly anticipated and\u00a0exciting moment is going relatively under the radar<\/span><\/strong>.\u00a0 In all the years prior most people were really hyped excited as we got close to the 1st of the year and a lot of those years it was just unwarranted excitement driven by rumors.\u00a0\u00a0But I am here to tell you, even without referring to the outstanding positive intel I am getting from places that have never been this RV positive before,\u00a0that EVERYTHING we are seeing at this particular moment in time points toward some positive change in the status quo as we have known it for all these years<\/span><\/strong>. [post 1 of 3….stay tuned]
\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","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":[3,24,17,5,18,6,7,26,23,4,21,20,22,25,19,14,9],"class_list":["post-11664","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-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-328","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/11664","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=11664"}],"version-history":[{"count":3,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/11664\/revisions"}],"predecessor-version":[{"id":11666,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/11664\/revisions\/11666"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}