{"id":11939,"date":"2016-01-31T13:49:31","date_gmt":"2016-01-31T19:49:31","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=11939"},"modified":"2016-01-31T14:26:24","modified_gmt":"2016-01-31T20:26:24","slug":"dinar-observer-daily-jan-31st","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=11939","title":{"rendered":"DINAR OBSERVER DAILY Jan 31st"},"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 24:10 (NKJV)<\/span><\/h1>\n<p>10 Who is this King of glory?<br \/>\nThe Lord of hosts,<br \/>\nHe is the King of glory. Selah<\/p>\n<h2><em>Heavenly Father, Thank You that You are The Lord of hosts, The King of Glory! We praise Your Holy Name! We give You all the Glory, Honor, and Praise! In Jesus Name, Amen.<\/em><\/h2>\n<h1><em>Mrs. BGG<\/em><\/h1>\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\">1288.735<\/td>\n<td align=\"center\">1288.090<\/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\">1691.087<\/td>\n<td align=\"center\">1690.242<\/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\">839.906<\/td>\n<td align=\"center\">839.486<\/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\">1165.795<\/td>\n<td align=\"center\">1165.213<\/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\">138.843<\/td>\n<td align=\"center\">138.774<\/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\">136.425<\/td>\n<td align=\"center\">136.357<\/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\">172.693<\/td>\n<td align=\"center\">172.607<\/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\">9.975<\/td>\n<td align=\"center\">9.970<\/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\">1634.009<\/td>\n<td align=\"center\">1633.192<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>Indicative rates &#8211; 01.31.2015<\/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<h1 style=\"text-align: left;\"><em><span style=\"white-space: pre-wrap; word-spacing: 0px; text-transform: none; float: none; widows: 1; display: inline !important; letter-spacing: 0px; line-height: 34px; text-indent: 0px; -webkit-text-stroke-width: 0px;\"><span style=\"font-family: Arial;\"><span style=\"color: #292f33;\">The secret of happiness is freedom, and the secret of freedom is courage. &#8211; Thucydides<\/span><\/span><\/span><\/em><\/h1>\n<p>______________________________________________________________<\/p>\n<h1 style=\"text-align: center;\">*** Current Posts ***<\/h1>\n<p>______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Poppy3<\/span><\/strong>\u00a0\u00a0 AGAIN \u00a0I REMIND ALL OF YOU<strong>\u00a0THE RV IS A FOREGONE CONCLUSION&#8230;NEWS WILL CHANGE BUT THE RESULTS WILL BE A NEW RATE ON THE DINAR.<\/strong>\u00a0WE ARE WINNERS.<br \/>\n______________________________________________________________<\/p>\n<p><span style=\"color: #c23b3b;\"><strong>wmawhite &#8211;<\/strong>\u00a0<\/span>Again&#8230;I see information that supports my belief that\u00a0<strong>this investment is coming to a close this year&#8230;and sooner than many think.<\/strong><br \/>\n______________________________________________________________<\/p>\n<h1><span style=\"color: #008000;\"><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; Sunday 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;\">BGG &#8211;\u00a0<\/span><\/strong>This 50k being used meaning something bad for us as investors is &#8220;not a real issue&#8221; that needs talked about&#8230; for them to take their currency that direction would spell DEATH FOR IRAQ&#8230;<strong>it is MHO the IMF is in charge and won&#8217;t let that happen.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">tman23 &#8211;\u00a0<\/span><\/strong>Certainly the news provides evidence that Iraq is moving forward in a positive way for change.\u00a0<strong>\u00a0That being said&#8230;the rate change that leads to 3 zero IQD notes being worth tens of thousands in foreign exchange is still only speculation &#8230;AND we have no MORE PROOF TODAY then we had 5 years ago that the 3 zero notes will be worth tens of thousands of dollars in exchange&#8230; What we have is speculator opinion and hope..<\/strong>. And the only change we see so far regarding IQD is the rate going from 1166 to 1180 (devaluing) and the introduction of a 50,000 note into circulation.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Millionday &#8211;<\/span><\/strong><strong>\u00a0THE LARGEST NEWS OF THE DAY OF COURSE IS THE CHANGE WE HAVE SEEN ON CBI<\/strong>.\u00a0 IF YOU HAVE NOT SEEN THE CHANGE ON CBI.IQ &#8212; YOU HAVE MISSED OUT.\u00a0 \u00a0WHOOOPOW&#8230;\u00a0<strong>IT IS OBVIOUSLY SET UP FOR ALL OF THE INFORMATION NEEDED TO GO TO THE GLOBAL MARKET.<\/strong>\u00a0\u00a0<a href=\"http:\/\/cbiraq.org\/\"><strong>http:\/\/cbiraq.org\/<\/strong><\/a><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) 01-31-15\u00a0<\/strong><\/span><\/h2>\n<p><strong>Currency Auctions Announcement No. 3126<\/strong><\/p>\n<p>This daily currency auction was held in the Central Bank of Iraq on the 01-31-2015<\/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>26<\/td>\n<\/tr>\n<tr>\n<td>Number of remittance companies<\/td>\n<td>22<\/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$)<\/td>\n<td>142,100,000<\/td>\n<\/tr>\n<tr>\n<td>Amount purchased at Auction price (US$)<\/td>\n<td>&#8212;&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Total offers for buying (US$)<\/td>\n<td>142,100,000<\/td>\n<\/tr>\n<tr>\n<td>Total offers for selling (US$)<\/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;\">firefly &#8211;\u00a0<\/span><\/strong>Remember, The IMF cannot physically revalue a country. Their job is to monitor, assist and approve a currency shift or deny one.\u00a0\u00a0<strong><span style=\"text-decoration: underline;\">If they approve it, it is sent to the BIS&#8230;Bank of International Settlements.\u00a0 Once the BIS puts their stamp on it it is returned to the IMF who then informs the country.\u00a0 That is the process.<\/span>\u00a0<\/strong>\u00a0[<em>Are they about done with this process<\/em>?]\u00a0<strong>\u00a0Certainly appears that way.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">mike &#8211;\u00a0<\/span><\/strong>Article quote:\u00a0 &#8220;<em>&#8230;January 30: Under the slogan of &#8220;decentralized service&#8230;stability&#8230;development toward a united Iraq,&#8221; was launched on Saturday<\/em>&#8221;\u00a0\u00a0\u00a0 This is a great article, it&#8217;s one of the things I&#8217;ve been waiting for.\u00a0<strong><span style=\"text-decoration: underline;\">\u00a0De-centralization is the key to Iraq&#8217;s future success, the old, centralized socialist economic model will not work anymore with the oil at $30 a barrel.<\/span>\u00a0<\/strong>\u00a0Hopefully, the plan is to rapidly move to an open market economy where capitalism moves this country forward and away from the control of the central government<br \/>\n______________________________________________________________<\/p>\n<h2><a href=\"https:\/\/i0.wp.com\/www.dinarupdates.com\/blog\/wp-content\/uploads\/2016\/01\/cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"  wp-image-22380 aligncenter\" alt=\"!cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA\" src=\"https:\/\/i0.wp.com\/www.dinarupdates.com\/blog\/wp-content\/uploads\/2016\/01\/cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA.jpg?resize=611%2C128\" width=\"611\" height=\"128\" \/><\/a><span style=\"color: #800000;\"><strong>Be sure to join the New Dinar Updates &#8220;private&#8221; FaceBook Group&#8230;<\/strong><\/span><\/h2>\n<p><em><strong><a href=\"https:\/\/www.facebook.com\/groups\/571383766355188\/\" target=\"_blank\">https:\/\/www.facebook.com\/groups\/571383766355188\/<\/a><\/strong><\/em><\/p>\n<p style=\"text-align: center;\"><strong>(go here and ask to join&#8230; then add some Dinar Friends!!)<\/strong><\/p>\n<p>______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Breitling &#8211;\u00a0<\/span><\/strong>article [<em>Iraq sells bonds to local citizens for the first time since 2003<\/em>\u00a0]\u00a0\u00a0 Were they already selling\u00a0 bonds?\u00a0\u00a0<strong>What they were doing was selling bonds to anyone who had US dollars, it was meant to raise\u00a0 money internationally to get more US dollars into Iraq as they can and\u00a0<span style=\"text-decoration: underline;\">now this last campaign Iraq is selling bonds specifically to Iraqi citizens for the US dollar and they\u2019re concentrating on it<\/span><\/strong>.\u00a0 So they tried to sweep in a lot of US dollars from outside of the country and now they are trying to sweep up the US dollar even more inside of Iraq.\u00a0\u00a0<span style=\"text-decoration: underline;\">So that\u2019s HUGE news for us.\u00a0 It means everything<\/span>\u2026<strong><span style=\"text-decoration: underline;\">here we are, you\u2019re watching the note count being reduced.\u00a0 You\u2019re watching the US dollar being pulled out of the market.\u00a0 You\u2019re watching the build up of the reserve with the US dollar from bonds.\u00a0 You\u2019re watching them build up their gold reserv<\/span><\/strong>e.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">firefly &#8211;\u00a0<\/span><\/strong>&#8220;<em>(Announcement issued by the Central Bank of Iraq) the Bank would like to announce support for the efforts to rehabilitate the Warka Bank for Investment &amp; Finance and allow him to exercise all banking activities\u00a001\/28\/2016<\/em>&#8221;\u00a0\u00a0\u00a0<strong>This announcement is pretty darn BIG.\u00a0<\/strong>\u00a0[<em>what does this announcement mean<\/em>?]\u00a0\u00a0<strong>Warka is international.\u00a0 Appears guidelines were met.\u00a0 I don&#8217;t have a date but I advise you folks to be READY!\u00a0<\/strong>\u00a0IMO we are overdue!\u00a0 I am more excited than I have ever been.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">wmawhite &#8211;\u00a0<\/span><\/strong>[<em>Do you think it will go alongside Iran<\/em>?]\u00a0<strong>No&#8230;<\/strong>and what Iran does or doesn&#8217;t do, IMO, is like the drunk in the stands at a ball game&#8230;<strong>keep your eye on the ball.<\/strong>\u00a0<span style=\"text-decoration: underline;\"><strong>\u00a0I am putting my money with what the IMF has told the world&#8230;Iraq will enter the markets during the 1st half of 2016.\u00a0<\/strong><\/span>\u00a0\u00a0I am sure that when the IMF put together this MoU with the MoF and the CBI that they were well aware of everything going on throughout Iraq, Iran and the ME.<br \/>\n______________________________________________________________<\/p>\n<h2><span style=\"color: #800000;\"><a href=\"https:\/\/i0.wp.com\/www.dinarupdates.com\/blog\/wp-content\/uploads\/2016\/01\/iraqstock-logo.gif\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"  wp-image-22450 aligncenter\" alt=\"iraqstock-logo\" src=\"https:\/\/i0.wp.com\/www.dinarupdates.com\/blog\/wp-content\/uploads\/2016\/01\/iraqstock-logo.gif?resize=474%2C299\" width=\"474\" height=\"299\" \/><\/a><strong>Executive Director of the stock market calls for the establishment of an independent financial centers in the provinces<\/strong><\/span><\/h2>\n<p><strong>BAGHDAD \/ Karim Jassim al-Tai \/<\/strong> .. invited the Executive Director of the Iraqi market for securities Taha Ahmed Abdul Salam to the need for the Iraqi provinces to establish an independent financial centers.<\/p>\n<p>He said Abdul Salam said in a statement singled out by the agency \/ JD \/: that the market expressed his willingness to cooperate and to provide all the support with all Iraqi provinces that want to create an independent financial centers Daha.mbana that the market gave seminars in a number of Iraqi universities, including Basra, Diwaniya and Najaf, and others in order to encourage the creation of investment centers related to the Iraq market for securities&#8230;<\/p>\n<p><strong>REPORT COURTESY OF HOLLY 1 !!!<\/strong><\/p>\n<p><em><strong>Read More: <a href=\"http:\/\/www.dinarupdates.com\/showthread.php?29211-Executive-Director-ISX-calls-for-independent-Province-Financial-Centers-1-27\" target=\"_blank\">http:\/\/www.dinarupdates.com\/showthread.php?29211-Executive-Director-ISX-calls-for-independent-Province-Financial-Centers-1-27<\/a><\/strong><\/em><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Millionday &#8211;\u00a0<\/span><\/strong>[<em>Do you think they have been waiting for Iran all this time as part of the plan<\/em>?]\u00a0<strong>\u00a0I THINK THAT IT IS VERY INTERESTING DUE TO THE HUGE HUGE AMOUNT OF FUNDS IN IRAQI BANKS AND THEIR ECONOMIC CONDITION AND MANY TRADE AGREEMENTS AS WELL.\u00a0<\/strong>\u00a0[<em>Can Iraqi RV with Iranian cut forces and Isis still running around in there country and access to Dinar<\/em>?]\u00a0\u00a0<strong><span style=\"text-decoration: underline;\">THEY HAVE THE POWER TO MOVE FORWARD AND THE IMF HAS NOW STATED THEY ARE JUST MONITORING THE IMPLEMENTATION OF IRAQ`S ECONOMIC REFORM<\/span>.\u00a0<\/strong>\u00a0I THINK THAT THE MOVE TO A MARKET ECONOMY AND TO THE GLOBE WITH THE REFORMS WILL LEAD THEM TO TRADE WITH THE GLOBE.\u00a0 [post 2 of 2]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Millionday &#8211;\u00a0<\/span><\/strong>Article quote:<strong>\u00a0<\/strong>&#8220;<em>The Society for Worldwide Interbank Financial Telecommunication (SWIFT) would restore its services to Iranian financial institutions by January 31&#8230;<\/em>&#8221;\u00a0\u00a0\u00a0IRAQ RELUCTANTLY HAD TO STOP USING THE INTERNATIONAL BANKS OF IRAN DUE TO THE SANCTIONS&#8230;\u00a0<strong>THIS WILL ALL BE LIFTED IN BANKING BY JANUARY 31ST&#8230;\u00a0<\/strong>\u00a0SWIFT CODES (COMPLETE IN IRAQ) ARE SO IMPORTANT ACROSS BORDERS.\u00a0\u00a0<strong><span style=\"text-decoration: underline;\">\u00a0THE SWIFT CODES ARE NEEDED FOR THEM TO SEND MONEY BACK AND FORTH FOR TRADE OF ANY KIND<\/span>.\u00a0<\/strong>\u00a0 [post 1 of 2&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Mnt Goat &#8211;\u00a0<\/span><\/strong>Parliament is now in session way over a week already and we have not yet seen much on the needed laws we have been waiting for.\u00a0<strong>\u00a0Earlier this week we heard confirmation that the Amnesty law is agreed upon by all and ready for a final vote. The 2016 budget has also been passed, ratified and in the gazette.<\/strong>\u00a0It is now open for spending allocations, but no RV\u00a0<strong>(&#8230;it is NOT any indicator of the RV anyhow, it was not in 2012, 2013, 2014, 2015 and it is not in 2016).<\/strong>\u00a0 The problem of a huge deficit for 2016 still lingers as Abadi and parliament try to find ways to fill the gap.\u00a0<strong><span style=\"text-decoration: underline;\">Now recent news that they are at least considering under study of increasing the value of the currency as an alternative solution.<\/span><\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Breitling &#8211;\u00a0<\/span><\/strong>[<em>\u2026noticed the 10K notes are now limited\u2026this is a good sign.<\/em>]\u00a0<strong><span style=\"color: #c23b3b;\">Damn right it\u2019s a good sign! It\u2019s a beautiful sign!\u00a0 It\u2019s because they\u2019ve reduced the note count\u2026where everybody is feeling it.<\/span><\/strong>\u00a0\u00a0 Inside the U.S. where we have that liquid market that we have for the dinar, about half the people that own dinar actually got out\u2026 but the other half is unwilling to sell so that creates a shortage on both ends from the brokerage firms.\u00a0\u00a0<strong><span style=\"color: #c23b3b;\">There\u2019s not all this dinar coming out of the middle east like it used to and then on our end it\u2019s not circulating back and forth, the velocity of the currency is not what it used to be.<\/span>\u00a0 This means something very very big for us and it\u2019s a beautiful thing.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Kaperoni &#8211;\u00a0<\/span><\/strong><strong>the depletion of reserves (I don&#8217;t believe they are below 50 billion yet.)\u00a0 only puts more pressure on Iraq to get the market economy started and close down the auctions.\u00a0<\/strong>\u00a0 I think we are still on track.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">SteveI &#8211;\u00a0<\/span><\/strong>[<em>The new CBI bank site has been up for a while&#8230;This is the first time however they have linked the Old CBI site to the new CBI site<\/em>.]\u00a0 Yes we are all aware of that site being around for some time now,\u00a0<strong><span style=\"text-decoration: underline;\">but the linking between the two is new and now with new data.<\/span>\u00a0\u00a0<\/strong>[<em>Wasn&#8217;t it assumed a while back that when we saw the new website getting activated that we were about to see everything unfold with the dinar.<\/em>]\u00a0\u00a0<strong>That is a pretty good assumption. We are getting very close.<\/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!! 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