{"id":11672,"date":"2015-12-04T20:54:37","date_gmt":"2015-12-05T02:54:37","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=11672"},"modified":"2015-12-06T00:09:55","modified_gmt":"2015-12-06T06:09:55","slug":"dinar-observer-daily-dec-4th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=11672","title":{"rendered":"DINAR OBSERVER DAILY Dec 4th"},"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 3:13 (NKJV)<\/span><\/h1>\n

13 Brethren, I do not count myself to have apprehended; but one thing I do, forgetting those things which are behind and reaching forward to those things which are ahead,<\/p>\n

Heavenly Father, Thank You for Your Grace & Mercy! By Your grace and mercy, we forget those things which are behind and reach forward to those things which are ahead. 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>\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 – 12.04.2015 (no change as of 12\/02)<\/strong><\/h2>\n

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

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I am a great believer in luck. The harder I work, the more of it I seem to have. – Coleman Cox<\/strong><\/em><\/span><\/h2>\n

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

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tman23 –\u00a0<\/span><\/strong>I see the process in motion…and …I believe there is a chance for a great monetary gain to be had…<\/span><\/strong>
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wmawhite (Dinar Guru) –\u00a0<\/span><\/strong>[whats with the auction yesterday of only 2 million and 3 banks attending? any idea…<\/em>?]\u00a0\u00a0IMO…we have a starting line, …the IMF announcement (MOU and 2016) and the starting gun has sounded.<\/span>\u00a0Off in the distance (first half of 2016) is the finish line<\/strong>. The adjustment in the buy\/sell value was done with the IMF,\u00a0the changes with the auctions is expected and is part of getting to the finish line.<\/strong>\u00a0 [why does the CBI on the auctions still show 1166… when the rate was changed to 1182?<\/em>]\u00a0\u00a0 more of the mystery…however, the CBI is not doing any of this in a vacuum…again,\u00a0the IMF announced that there is a MOU in effect. So, the two of them, CBI and the IMF, are doing things that will get Iraq to what the IMF expects during 2016.<\/strong><\/span>
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Frank26 (Dinar Guru) –\u00a0<\/span><\/strong>DRS’s [Dr. Shabibi’s] plan for the MR [Monetary Reform] steps…Of which he has selected a FLOAT…IMO…should be CONTROLLED in order to stop the 2% margin when DRS feels he is ready to CAP the GROWTH.\u00a0 IMO…A year or more.\u00a0\u00a0BUT TEAMS have told me the GROWTH from .40 to 1.00 will be very very fast…the TIME GROWTH from 1 to 3 or 4…It looks faster than we thought.<\/strong>
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BGG (Dinar Guru) –\u00a0<\/span><\/strong>[We saw the exchange rate go to 1182, many said that was for the 2 percent, MD [Guru Millionday]\u00a0says it was for cost of living\/ inflation and was a requirement. People all day have said that the 2 percent deal has to go for 90 days. Are all of these things falling into the same category or different issues<\/em>.]\u00a0\u00a0When the timing is right – they will “magically” be within the required range – and will have been for the required length of time…that is MHO.<\/strong>
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Frank26 (Dinar Guru) –<\/strong>\u00a0<\/span>TEAMS ARE TELLING YOU…THAT THE ISIS LEADERS ARE DISAPPEARING.\u00a0 YOU MEAN THEY ARE ESCAPING…NO I DON’T.\u00a0 …THEN YOU MEAN THEY ARE RUNNING…NO I DON’T.\u00a0 HMMMM…THEN YOU MUST MEAN THEY ARE COWARDLY RETREATING…NO I DON’T. OKAY I GIVE UP SO WHAT ARE THEY DOING?\u00a0\u00a0JUST AS I TOLD YOU…THEY ARE DISAPPEARING. IT’S NOT A MAGIC ACT…THEY ARE HONESTLY DISAPPEARING INTO THIN AIR.\u00a0\u00a0<\/strong>IS IT BY OUR MILITARY ACTIONS?\u00a0 WELL LET’S JUST SAY THAT IT RARELY RAINS IN IRAQ MAYBE ONCE EVERY 10 YEARS BUT MY GOD IS IT EVER RAINING FIRE AND BRIMSTONE TO THE EVIL THAT HAS NO MORALS NOR MENTALITY.\u00a0\u00a0ALL OF 2015 THAT OUR AMERICAN TROOPS ARE BACK IN IRAQ BY THE THOUSANDS AND HAVE SECURED EVERYTHING WITH THE FINALITY OF MOSUL AND RAMADI NOW COMING ABOUT.\u00a0<\/strong>\u00a0TAKE NOTE THAT IT IS THEIR LEADERS THAT ARE DISAPPEARING.\u00a0IN A FEW DAYS YOU WILL LEARN THAT THESE TWO CITIES ARE BACK IN ABADI’S CONTROL.<\/strong>
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Kaperoni (Dinar Guru) –\u00a0<\/span><\/strong>“CBI Currency auction 12\/3\/2015<\/em>”\u00a0\u00a0\u00a0Today’s auction was only $2 million sold at 1166\/$1.\u00a0 Normal auctions have been $170 million or more.\u00a0\u00a0Something is clearly going on<\/span>…\u00a0\u00a0<\/strong>
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firefly (Dinar Guru) –\u00a0<\/span><\/strong>The rate change in the CBI is HUGE…the program rate is gone…they are no longer on the program rate, meaning the CBI cannot hide figures any longer!\u00a0\u00a0 the 1st step to the reform has begun IMO<\/span>…Dec will be VERY exciting !<\/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 – Friday evening<\/del> at 7:30pm EST!!<\/span><\/strong><\/h2>\n

www.DinarUpdates.com<\/a> – save as favorite!!<\/strong>
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Enorrste (Dinar Guru) –\u00a0<\/span><\/strong>I like to think of this as “backing up to leap forward.<\/em>” \u00a0I sincerely feel that this is a repositioning that is being made just prior to an official change of the exchange rate regime to a float<\/span>.<\/strong>\u00a0Think about it this way: \u00a0if they move the official rate closer to the street rate then there is less stress on the official rate and a lower chance that it will fall, rather than rise, when the exchange rate regime moves to a float.\u00a0\u00a0In other words, it is a stress relief measure just prior to the official release to a float.<\/span><\/strong>\u00a0\u00a0That is how I see it. \u00a0Bottom line: \u00a0all good!\u00a0<\/strong><\/span>\u00a0[post 2 of 2]
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Enorrste (Dinar Guru) –\u00a0<\/span><\/strong>“New exchange rate from CBI”<\/em>\u00a0 This minor adjustment does not concern me even one small bit.\u00a0\u00a0In fact…this appears to be a “repositioning” for the takeoff.\u00a0<\/span>\u00a0The 1% drop is insignificant in the long run but it does help to adjust the official rate closer to the street rate.\u00a0<\/strong>\u00a0…I doubt that the IMF would suspend its own rules for Iraq on the 2% requirement for 90 days. \u00a0Therefore, I conclude that the IMF itself made this recommendation to the CBI, even though reluctantly…\u00a0\u00a0\u00a0In doing so it positions the CBI to be able to meet the IMF guidelines and may actually improve their financial position slightly by reducing the auction some.\u00a0<\/span>\u00a0<\/strong>\u00a0[post 1 of 2….stay tuned]
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Okie_Oil_Man (Dinar Guru) –\u00a0<\/span><\/strong>I just spoke to Okie and in his indelible style, he said his plane has landed but the canopy is stuck…however the mechanic is on the way!\u00a0No more flight plans need to be followed\/ submitted! Okie is on the ground waiting for the canopy to open and follow ground instructions…nothing more nothing less.\u00a0<\/strong>\u00a0Okie is simply waiting like the rest of us!\u00a0Everything is sorted, all is signed and there is absolutely nothing left to do but feast. We wait to eat…PERIOD!<\/strong>
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\"Dinar<\/a><\/p>\n

Iraqi Dinar\/Dollar auction (most recent listing) 12-03-15\u00a0<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3087<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 12-03-2015<\/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>\n3<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n2<\/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$)<\/td>\n2,170,000<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n2,170,000<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/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 (Dinar Guru) –\u00a0<\/span><\/strong>Abadi is on the HOT SEAT… The political resistance is growing against him as they can win the crowd of demonstrators as nothing changes.<\/strong>\u00a0 And June is another promise that would be broken (guaranteed !!).\u00a0 \u00a0The citizens IMO are not going to wait until June for the “elusive reforms” that only show in talk and on paper.\u00a0Abadi needs to announce his second phase and it needs a positive impact on the streets…more importantly in the pockets of the citizens…IF NOT…the GOI under Abadi will lose and lose big!<\/strong><\/span>
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Frank26 (Dinar Guru) –\u00a0<\/span><\/strong>…yesterday they decreased the street rate of 1214 to match within a 2% which is in Article 8 compliance…they are out of Article 8 but the rate must make it official before they tell you…<\/strong><\/span>\u00a0The IMF who tells all countries what to do with their currency..print, destroy…increase their rate, decrease…this I think is the last demand they had on the Iraqi currency…you have to be within 2% compliance of that street rate…we will help you but you have to be ready by the first quarter 2016 otherwise it does not work.\u00a0<\/strong>\u00a0 [post 2 of 2]
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Frank26 (Dinar Guru) –\u00a0<\/span><\/strong>One thing the IMF told the CBI in order to be in compliance with Article 8 you must be 2% of your CBI rate within the market rate…commonly known as the street rate…so\u00a0they brought the rate down…they brought the street rate down to make it Article 8 complaint with a 2% movement<\/span><\/strong>\u2026.look at 1166 what is 2%…23.32…add that to 1166…it comes out to 1189.32…what is the rate that the CBI put out today…1180 to 1182 up to 1214…1214 is the street value…1189 is the 2% compliance…they are moving from the RI to the RV…this is started…it is public<\/strong><\/span>…\u00a0<\/strong>\u00a0 [post 1 of 2….stay tuned]
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Millionday (Dinar Guru) –\u00a0<\/span><\/strong>\u00a0THE REMOVAL OF THE THREE ZERO CURRENCY IS A DIRECT RESULT OF THE NEW VALUE AND INTERNATIONAL RATES — IT IS NOT TWO DIFFERENT STEPS<\/strong>\u00a0— IT IS A RESULT IN WHAT CURRENCY IS NEEDED TO BUY THINGS AND THE INTERNATIONAL INVESTORS INTEREST TO GIVE THEM BACK.\u00a0\u00a0KNOW IT IS NOT TWO DIFFERENT THINGS — ONE IS NOT DONE BEFORE THE OTHER — IT IS A RESULT.<\/strong>
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tlm724 (Dinar Guru) –<\/span>\u00a0<\/strong>Any movement is awesome!\u00a0 This just proves that the IMF has their hands deep in this…\u00a0This movement (loss in value) pushes the IQD closer to IMF compliance!\u00a0<\/span>We are so fortunate to witness this movement as Iraq is actually making the necessary changes to their monetary and currency reforms!\u00a0<\/strong>\u00a0 The fact that it moved 16 pips is indeed a huge change for all of us! I am most excited!\u00a0 It moved! This also will make the citizens dump their dinars and thus creating less dinar on the streets and keeping speculators at bay, they won’t like this and will act just like dumping bad stocks!\u00a0\u00a0This is actually a brilliant move…and comes on the heels of deleting the zero’s IMO.\u00a0 \u00a0I don’t think 50 k note will come out!<\/strong>\u00a0Can’t wait to see what comes next!
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firefly (Dinar Guru) –\u00a0<\/span><\/strong>HUGE meeting last Nov 10th.\u00a0Parliament reconvenes on the 8th.\u00a0Tarriffs and taxes to be implemented on the 15th…I’m expecting Dec to be a VERY exciting month<\/span>.<\/strong>
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wmawhite (Dinar Guru) –\u00a0<\/span><\/strong>…the need for a particular type\/size of currency is directly related to the costs of goods in a country.\u00a0The value of the country’s currency directly affects the costs of goods in that country. So the size of the currency is indirectly related to the value of the currency.<\/span><\/strong>\u00a0 I have been trying to get\u00a0folks to stop getting hung up on the size of the currency because,\u00a0we will be Loooong Gooooone by the time all of the notes (LDs) are distributed because the new value of the IQD will need many many months to work its way through all of the Iraqi economy.<\/strong>\u00a0 Iraq is joining the world economic markets not the “in-country exchange window” market.\u00a0\u00a0\u00a0Please stop thinking that\u00a0[what] Iraq does in-country has anything to do with the world markets.<\/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":"

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