{"id":11708,"date":"2015-12-11T23:12:58","date_gmt":"2015-12-12T05:12:58","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=11708"},"modified":"2015-12-15T22:34:14","modified_gmt":"2015-12-16T04:34:14","slug":"dinar-observer-daily-dec-11th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=11708","title":{"rendered":"DINAR OBSERVER DAILY Dec 11th"},"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;\">Psalm 34:8 (NKJV)<\/span><\/h1>\n<p>8 Oh, taste and see that the Lord is good;<br \/>\nBlessed is the man who trusts in Him!<\/p>\n<h2><em>Heavenly Father, You are Good! We trust in You \ud83d\ude42 In Jesus Name, 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\">1182.000<\/td>\n<td align=\"center\">1180.000<\/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\">1293.226<\/td>\n<td align=\"center\">1292.580<\/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\">1781.510<\/td>\n<td align=\"center\">1780.620<\/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\">869.437<\/td>\n<td align=\"center\">869.003<\/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\">1191.893<\/td>\n<td align=\"center\">1191.297<\/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\">139.449<\/td>\n<td align=\"center\">139.380<\/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\">135.600<\/td>\n<td align=\"center\">135.532<\/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\">173.334<\/td>\n<td align=\"center\">173.247<\/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\">9.611<\/td>\n<td align=\"center\">9.607<\/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\">1640.675<\/td>\n<td align=\"center\">1639.855<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>Indicative rates &#8211; 12.11.2015\u00a0<\/strong><\/h2>\n<p>______________________________________________________________<\/p>\n<h2><span style=\"color: #800000;\"><em><strong>No matter where or what, there are makers, takers, and fakers. &#8211; Robert Heinlein<\/strong><\/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;\">Stryker (Dinar Guru) &#8211;\u00a0<\/span><\/strong>Article: &#8220;<em>Parliament plans to vote on the budget next week<\/em>&#8221;\u00a0<strong>As you can see we are now seeing the word VOTE in the articles when it comes to the parliament budget sessions next week. The Budget is scheduled for Monday.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Frank26 (Dinar Guru) &#8211;\u00a0<\/span><\/strong>We got Dr. Shabibi back at the CBI&#8230;but is he in control of it&#8230;no not yet&#8230;why&#8230;they are under contract with the IMF and the BIS and WTO and these contracts IMO come to an end not at the end of the first quarter of 2016 but at the beginning&#8230;now\u00a0<strong>the IMF I believe is going to work with them and give them until the end of the first quarter but the BIS and WTO&#8230;no&#8230;they want this now&#8230;and I think that Dr. Shabibi wants this now.\u00a0<\/strong>&#8230;there will not be any new rate giving to you on the 15th&#8230;the tariffs and the codes are there already&#8230;<strong>instead we found out that on the 15th you will see a plethora of laws get activated and right around that corner these laws are for security and many reforms and the monetary reform is one of them.\u00a0<\/strong><span style=\"color: #c23b3b;\">\u00a0So that little snowball that we call \u201cwhen when when\u201d&#8230;it is pretty big in its movement and fast&#8230;<\/span><strong><span style=\"color: #c23b3b;\">\u00a0\u00a0<\/span><\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Backdoc (Dinar Guru) &#8211;\u00a0<\/span><\/strong>WHETHER YOU PUBLICLY SEE THE RATE TRADING IN DECEMBER OR NOT IT IS BEING TRADED AMONG BANKS.\u00a0 NEXT WEEK WILL BE HISTORICAL!\u00a0\u00a0 I<strong>T WILL TRULY BE A DECEMBER TO REMEMBER! THEY WILL SHOW IT TO THE PUBLIC WHEN THEY ARE READY!<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Stryker (Dinar Guru) &#8211;\u00a0<\/span><\/strong>Quote:\u00a0 &#8220;<em>According to a statement of the bank, the agency received all of Iraq [where] a copy of &#8220;The amount sold volume today totaled 168 million, and 984 thousand, and $ 140, priced at 1166 dinars exchange rate to the dollar&#8230;<\/em>&#8221;\u00a0\u00a0<strong>Even though the C.B.I. Currency Exchange Auctions List, the daily Currency Auctions Announcement No. document and the Exchange Rate Chart are all showing the rate to be 1182, the statements coming out of the CBI are still showing the auction price to be 1166.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><span style=\"color: #c23b3b;\"><strong>Poppy3 &#8211;<\/strong>\u00a0<\/span><span style=\"color: #c23b3b;\"><strong>&#8230;I BELIEVE RATE TO BE VISIBLE AND USABLE BY OR BEFORE JAN 1.<\/strong><\/span>\u00a0THIS IS AND HAS BEEN MY OPINION AND WITH ALL THE POST THAT THE IMF AND CBI HAVE STATED HOW COULD ANYONE NOT SEE THIS THE SAME WAY?\u00a0 \u00a0EITHER THEY ARE DOING THIS OR NOT BUT I CAN&#8217;T SEE ANY REASON TO&#8230;KEEP CALLING THEIR RATE SITUATION URGENT&#8230;ANNOUNCING THEY HAVE DISTRIBUTED LD&#8217;S TO ALL BANKS ETC.\u00a0\u00a0\u00a0<strong>&#8230;ALL THESE STATEMENTS HAVE BEEN MADE BY THE DIRECT SOURCES&#8230;\u00a0 \u00a0I AM PLANNING ON A VERY HAPPY NEW YEAR.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Kaperoni &#8211;\u00a0<\/span><\/strong><strong>Iraq&#8230;needs a banking insurance law.\u00a0<\/strong>\u00a0This according to some previous articles should have been in parliament by now.\u00a0\u00a0<strong>Hope to see it soon as it will stimulate the banking system and get the dinar out of the mattresses&#8230;not to mention support foreign investment.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Poppy3 &#8211;\u00a0<\/span><\/strong>[<em>do you think the budget has to be opened before they go to market<\/em>?]\u00a0\u00a0<strong>NOT COMPLETELY NECESSARY BUT THEY SHOULD BE WITHIN HOURS OF EACH OTHER<\/strong>. [<em>SO U THINKING THEY ALREADY KNOW THE RATES<\/em>?]\u00a0\u00a0<strong>WHEN THEY GET READY TO RELEASE A RATE THEY WILL CONTACT THE IMF AND THEY WILL APPROVE IT AND BAM THEY WILL RELEASE<\/strong>. \u00a0\u00a0<strong>IM SURE THEY HAVE A RANGE OF THE RATE BUT FINAL APPROVAL WILL COME FROM IMF AT THE LAST SECOND BEFORE IT GOES GLOBAL.\u00a0\u00a0<\/strong>\u00a0HOLD ON PEEPS IT IS VERY CLOSE.\u00a0 [post 2 of 2]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Poppy3 &#8211;\u00a0<\/span><\/strong>..THEY ARE WORKING HARD MAKING GREAT MOVES AND WORKING FAST TO BRING US OUR BLESSING. WHEN THEY WORK FOR THEIR PEOPLE THEY ARE WORKING FOR U &amp; ME.\u00a0<strong><span style=\"text-decoration: underline;\">SUPPLY AND DEMAND WILL PUMP UP THEIR ECONOMY FAST AND MOVE THEM TO MARKET VALUE ON WORLD TRADE MEANING THEY WILL HAVE TO MOVE TO WTO FULL MEMBER FAST.<\/span>\u00a0THAT MEANS A NEW RATE LONG BEFORE THE JUNE 15TH DEADLINE BECAUSE IT TAKES 4 TO 6 MONTH TO BECOME A FULL MEMBER.<\/strong>\u00a0LETS HOPE THEY ARE FURTHER ALONG WITH THE PROCESS OF QUALIFYING&#8230;\u00a0 [post 1 of 2&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Hub (Dinar Guru) &#8211;\u00a0<\/span><\/strong>i dont personally have the foggiest, but\u00a0<strong>my NYC currency broker said that he sees the rates just waiting for release and he also says he sees 10 currencies to be revalued.<\/strong>\u00a0\u00a0&#8230;i dont know about any special rates&#8230;<strong>but the one factor that regulates all currencies in the world is how much work do you have to do to buy a can of coke.<\/strong>..in the states you have to work a time equal to $1.40, in canada you work to a time worth $1.65 canadian, in mexico you work time worth 15 pesos. and so on and so forth. so the dinar should come in at the rate that is equal to the value of commodities in Iraq. when the same work does not buy the same product, the currencies are out of kilter,<span style=\"text-decoration: underline;\"><strong>\u00a0so this rv is to put the dinar in line with the rest of the trading countries.\u00a0\u00a0<\/strong><\/span><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Millionday &#8211;\u00a0<\/span>THIS IS DISCOVERED THROUGH THE GLOBAL PRICING INDEX (INTERNATIONAL EQUATION).\u00a0THEY HAVE DECIDED THAT STARTING A LITTLE HIGHER WILL PREVENT MANY ADJUSTMENTS IN THEIR CONSTANT MONITORING<\/strong>.\u00a0THEY HAVE DECIDED THAT THE SELLING PRICE AT THE AUCTIONS WILL NOT BE A SCHEDULED PRICE BUT WILL BE CREATED IN THE NORMAL EQUATION AND HOW SUPPLY AND DEMAND DETERMINES IT.\u00a0\u00a0<strong>SO THE WAY THIS WILL BE DONE WILL BE ECONOMICALLY SOUND AND DUE TO THE ACTUAL EQUATION REQUIRED &#8212; THIS WILL LEAD TO A STABLE EXCHANGE RATE IN THE GLOBAL MARKET.\u00a0<\/strong>\u00a0LETS WAIT AND SEE WHAT COMES FROM THIS AND HOW SOON URGENT IS &#8212; BUT OH HONEY!!\u00a0\u00a0 [post 2 of 2]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Millionday &#8211;\u00a0<\/span><\/strong>THIS IS FROM THE ECONOMIC GROUP FORMED FOR THE DEVELOPMENT OF THE ECONOMY AND INCLUDES THEM &#8212; IT IS ACTUALLY A HUGE GROUP OF EXPERTS &#8212; PLANNERS &#8212; ECONOMERS AND OF COURSE INVOLVES CBI AS WELL &#8212; THE HUGE ECONOMIC DEVELOPMENT GROUP FORMED YEARS AGO.\u00a0 Article quote:\u00a0 &#8220;<em>&#8230;there is an urgent need for action to raise the value of the dinar in the exchange market through direct and constant intervention of the Central Bank of Iraq&#8230;<\/em>&#8221;\u00a0\u00a0<span style=\"text-decoration: underline;\"><strong>\u00a0 DUE TO ECONOMIC ANALYSIS &#8212; THE RESULT IS THAT IT IS URGENT TO REVALUE THE UNDER VALUED DINAR AGAINST INTERNATIONAL CURRENCY AND THE VALUE WITHIN THE COUNTRY.<\/strong><\/span>\u00a0<strong>\u00a0THIS ALL HAS TO BE DONE AT ONCE AND IS DONE THROUGH THE NATIONAL MARKET VALUE&#8230;\u00a0<\/strong>\u00a0 [post 1 of 2&#8230;.stay tuned]<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; 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;\">Poppy3 &#8211;\u00a0<\/span><\/strong>\u00a0I TALKED WITH A BAGDAD FRIEND&#8230;AND HE IS STILL SAYIN<strong>G THAT A NEWS PAPER ARTICLE THERE STATED LOWER DENOMS&#8230;ARE BEING DISTRIBUTED TO ALL BANKS LAST WEEK BUT NO DATE ON WHEN THEY ARE TO BE INTRODUCED TO THE PUBLIC.\u00a0\u00a0<\/strong>GOOD THINGS ARE ABOUT TO HAPPEN.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">OOTW (Dinar Guru) &#8211;<\/span><\/strong>\u00a0&#8220;<em>Our Certification Mark Once certified, clients can display our Certification Mark to promote and demonstrate compliance with international standards<\/em>&#8221; \u00a0<span style=\"text-decoration: underline;\"><strong>THIS IS FURTHER EVIDENCE (VIA THE MINISTRY OF TRANSPORT) THAT IRAQ IS WORKING TOWARDS PRODUCING AND SHIPPING GOODS TO INTERNATIONAL STANDARDS.<\/strong><\/span>\u00a0 MAY NOT SEEM LIKE MUCH, BUT THESE TYPES OF STEPS ARE EXACTLY WHAT WE NEED TO BE WATCHING FOR,\u00a0<strong>ESPECIALLY CONSIDERING THAT THE CURRENT LEGISLATION OF THE 2016 BUDGET STATES THAT THE GOI PLANS ON IMPLEMENTING THE TARIFF&#8217;S IN 2016.<\/strong><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 (most recent listing) 12-10-15\u00a0<\/strong><\/span><\/h2>\n<p><strong>Currency Auctions Announcement No. 3092<\/strong><\/p>\n<p>This daily currency auction was held in the Central Bank of Iraq on the 12-10-2015<\/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>21<\/td>\n<\/tr>\n<tr>\n<td>Number of remittance companies<\/td>\n<td>9<\/td>\n<\/tr>\n<tr>\n<td>Auction price selling dinar \/ US$<\/td>\n<td>1182<\/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>161,295,460<\/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>161,295,460<\/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\/observer\/\" target=\"_blank\" rel=\"nofollow\">http:\/\/dinarupdates.com\/observer\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">BGG &#8211;\u00a0<\/span><\/strong>[<em>IYO, what does the window look like to you?<\/em>]\u00a0\u00a0<strong><span style=\"color: #c23b3b;\">CBI market\/sell rate is in compliance with IMF guidelines<\/span>\u00a0<\/strong>&#8211; miraculously&#8230;<strong>\u00a0AND there has been an obscure caviat to the IMF 3 month &#8220;waiting period&#8221; under such compliance before moving to next step<\/strong>&#8230;which I said would happen.\u00a0\u00a0<strong>PLAINLY&#8230;when it&#8217;s time &#8211; they will have everything in place to go.<\/strong>\u00a0I will just leave this here&#8230;<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">tman23 &#8211;\u00a0<\/span><\/strong>&#8220;<em>Iraqi Official Gazette published the fight against money laundering and the financing of terrorism law<\/em>&#8221;\u00a0\u00a0<strong>&#8230;<span style=\"text-decoration: underline;\">we have an official posting in the Gazette of the AML [Anti Money Laundering]<\/span>.\u00a0<\/strong>\u00a0The debate of it had been published and is law is over.\u00a0<strong>\u00a0It has now been published&#8230;<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Enorrste (Dinar Guru) &#8211;\u00a0<\/span><\/strong><span style=\"color: #c23b3b;\">..some laws still need to be in place and&#8230;<strong>investment won&#8217;t come in prior to changing the exchange rate regime.<\/strong>\u00a0\u00a0It&#8217;s like the chicken and the egg story: \u00a0which do you do first?\u00a0<\/span>\u00a0It seems to me that without a floating and internationally recognized currency the investment won&#8217;t come to Iraq in any significant way.\u00a0<strong>\u00a0At the same time, it is the foreign investment that will be the driving force to raise the value of the dinar.\u00a0<\/strong>\u00a0<span style=\"color: #c23b3b;\"><strong>Thus I conclude that the IMF\/CBI has concluded that they will have to have a &#8220;dirty exit&#8221; in order to get the investment started.<\/strong>\u00a0<\/span>\u00a0Let&#8217;s just hope I&#8217;m right&#8230;.\u00a0\u00a0 [post 2 of 2]<br \/>\n______________________________________________________________<\/p>\n<h1><span style=\"color: #800000;\"><strong>DinarUpdates.com News Time Chat 12-09-15 PM Part 1 of 2<\/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: WELCOME TO NEWSTIME EVERYONE<br \/>\n<\/strong><br \/>\n<strong>\u200bExciting Snippet from Page 2:<\/strong><\/p>\n<p><strong>Millionday: INSTEAD OF JUST WORKING ON REMOVING TWO DECIMALS &#8212; THEY WILL GO WITH THE EQUATION RESULTS<\/strong><\/p>\n<p><strong>Holly1:<\/strong> what does that mean please<\/p>\n<p><strong>Millionday: GOOD GRIEF THIS IS SO EXCITING I CANT BELIEVE IT<\/strong><\/p>\n<p><strong>Millionday: IT MEANS THAT TO Support the local currency strengthens international role AND THEY HAVE FOUND IT URGENT TO REVALUE THE DINAR BOTH IN THE COUNTRY AND OUT<\/strong><\/p>\n<p><strong>Read More:\u00a0<a href=\"http:\/\/www.dinarupdates.com\/showthread.php?26458-Millionday-News-12-9-15\" target=\"_blank\">http:\/\/www.dinarupdates.com\/showthread.php?26458-Millionday-News-12-9-15<\/a><\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Enorrste (Dinar Guru) &#8211;\u00a0<\/span><\/strong>Article quote:\u00a0 &#8220;<em>but who got to the monetary authority continued to approach raising the value of the dinar against the dollar (ie reduce the value of the dollar denominated in dinars) after the decline in the rate of inflation and to control it and install the official exchange rate at a level may not necessarily reflect the level of equilibrium in the market<\/em>.&#8221;\u00a0 The author appears to be asking the rhetorical question: \u00a0Who decided to place the rate artificially low at 1166 to 1? \u00a0<strong>His unstated answer is clearly that the CBI itself has done this. \u00a0<span style=\"text-decoration: underline;\">His opinion is that the time has come to let market forces begin to work through the Iraqi economy so that the value will rise, which he clearly expects will happen.<\/span>\u00a0\u00a0It is my opinion that this is, therefore, a &#8220;setup&#8221; argument for what the IMF\/CBI plans to do shortly after the beginning of the new year:\u00a0<\/strong>\u00a0<strong>float the currency officially.\u00a0<\/strong>\u00a0[post 1 of 2&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">wmawhite (Dinar Guru) &#8211;\u00a0<\/span><\/strong>[<em>so why do they join the WTO&#8230;IMF is going to force IRAQ to join<\/em>?]\u00a0\u00a0<strong>The IMF does not force any country to do anything&#8230;however, if a country wants the IMF&#8217;s &#8220;Good Housekeeping Seal of Approval&#8221;&#8230;then a country must follow the requirements (articles) of the IMF.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Poppy3 (Dinar Guru) &#8211;\u00a0<\/span><\/strong>\u00a0LIKE I SAID<strong>\u00a0I BELIEVE RATE TO BE VISIBLE AND USABLE BY OR BEFORE JAN 1.<\/strong><br \/>\n______________________________________________________________<\/p>\n<h1><span style=\"color: #800000;\"><strong>DinarUpdates.com News Time Chat 12-09-15 PM Part 2 of 2<\/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: WELCOME TO NEWSTIME EVERYONE<br \/>\n<\/strong><br \/>\n<strong>RickeyT: 2 decimals?<\/strong><\/p>\n<p><strong>Millionday:<\/strong> INSTEAD OF JUST WORKING ON REMOVING TWO DECIMALS &#8212; THEY WILL GO WITH THE EQUATION RESULTS<\/p>\n<p>Holly1: what does that mean please<\/p>\n<p><strong>Millionday: GOOD GRIEF THIS IS SO EXCITING I CANT BELIEVE IT<\/strong><\/p>\n<p><strong>Millionday:<\/strong> IT MEANS THAT TO Support the local currency strengthens international role AND THEY HAVE FOUND IT URGENT TO REVALUE THE DINAR BOTH IN THE COUNTRY AND OUT<\/p>\n<p><strong>Millionday: IT MEANS ALSO<\/strong><\/p>\n<p><strong>Millionday: WHOOOPOW<\/strong><br \/>\n~~~<\/p>\n<p><strong>Read More:\u00a0<a href=\"http:\/\/www.dinarupdates.com\/showthread.php?26458-Millionday-News-12-9-15\" target=\"_blank\">http:\/\/www.dinarupdates.com\/showthread.php?26458-Millionday-News-12-9-15<\/a><\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">tman23 &#8211;\u00a0<\/span>What we do know is that they have made it very clear that they intend\/need&#8230;the budget&#8230;passed before the first of the year.\u00a0 What we do know is Shabibi had said the time to lift the 3 zeros is at the start of the fiscal year.\u00a0<\/strong>\u00a0What we do know is the IMF, World Bank, and Japan are all loaning several billions of dollars&#8230;but to come after the first of the year.\u00a0\u00a0 And we know that this past March the CBI gave the green light to start the process to lift the 3 zeros&#8230;AND\u00a0<strong><span style=\"color: #c23b3b;\">Shabibi said in his day that the plan was in 3 phases&#8230;each phase taking approx 6 months&#8230;IMO&#8230;the new year starts phase 3<\/span>.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Adam Montana (Dinar Guru) &#8211;\u00a0<\/span><\/strong>[<em>Could you please give us your thoughts on all of the turmoil going on in the mid east. What I am really interested in is if the fighting over there is a problem for the RV<\/em>?]\u00a0\u00a0<strong>\u00a0<\/strong>My opinion on the turmoil stays pretty consistent &#8211; they will never stop fighting,\u00a0regardless of the value of their money. They don&#8217;t fight for money, so it&#8217;s kind of irrelevant.\u00a0<strong>Of course it makes a difference, but now that the GOI is reasonably\u00a0stable, the CBI has a strong hold on the rate, Iraq is getting along much nicer\u00a0with themselves&#8230; things are going well.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Mnt Goat (Dinar Guru) &#8211;\u00a0<\/span><\/strong>Many events seem to converge on the month of December, and in particular mid December, so let\u2019s pay close attention to what is happening this month. I believe in retrospect we will say this was a very significant month.\u00a0<strong>\u00a0I want to keep all of us focused on currency reform.<\/strong>\u00a0<strong>Right now this is exactly what we should be watching in expectation of the launching of the lower denominations. Many sources have told me the plan of the CBI is to launch the lower denominations sometime before or by the end of the year.\u00a0<\/strong>Will it occur? We can only wait and watch.\u00a0 Our focus must be on the actions of these two agencies \u2013 the CBI and the Finance Ministry.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Kaperoni (Dinar Guru) &#8211;\u00a0<\/span><\/strong>Article quote:\u00a0 &#8220;<em>In response to a question from the hanger on the identification of a specific timeframe to close the currency sale of dollars in the central bank window replied, &#8220;that he once available other outlets to provide the dollar in the domestic market such as remittances from the outside to the inside or the export of goods or attract investment that will cover the market need of hard currency sales window will close<\/em>.&#8221;\u00a0This is a very key statement&#8230; In other words,\u00a0<span style=\"text-decoration: underline;\"><strong>until the laws are in place and the market economy begins to take off (creating an influx of foreign capital into Iraq), he will not float the dinar and end the currency auctions<\/strong><\/span>.\u00a0\u00a0 Unfortunately, it is painful to watch as we all know what they need to do to raise the value and all we can do is sit and watch.<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!! 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