{"id":12204,"date":"2016-05-20T12:48:49","date_gmt":"2016-05-20T17:48:49","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=12204"},"modified":"2016-05-20T22:28:17","modified_gmt":"2016-05-21T03:28:17","slug":"dinar-observer-daily-may-20th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=12204","title":{"rendered":"DINAR OBSERVER DAILY May 20th"},"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><\/p>\n

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

\"\"<\/p>\n

Mrs. BGG<\/em><\/span><\/h1>\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>\n1182.000<\/td>\n1180.000<\/td>\n<\/tr>\n
Euro<\/td>\nEUR<\/td>\n1333.178<\/td>\n1332.511<\/td>\n<\/tr>\n
British pound<\/td>\nGBP<\/td>\n1711.772<\/td>\n1710.917<\/td>\n<\/tr>\n
Canadian dollar<\/td>\nCAD<\/td>\n914.295<\/td>\n913.837<\/td>\n<\/tr>\n
Swiss franc<\/td>\nCHF<\/td>\n1201.708<\/td>\n1201.107<\/td>\n<\/tr>\n
Swedish krona<\/td>\nSEK<\/td>\n142.604<\/td>\n142.532<\/td>\n<\/tr>\n
Norwegian krone<\/td>\nNOK<\/td>\n143.685<\/td>\n143.614<\/td>\n<\/tr>\n
Danish krone<\/td>\nDKK<\/td>\n179.257<\/td>\n179.167<\/td>\n<\/tr>\n
Japanese yen<\/td>\nJPY<\/td>\n10.791<\/td>\n10.785<\/td>\n<\/tr>\n
Special
\nDrawing Rights<\/td>\n		SDR<\/td>\n1664.445<\/td>\n1663.613<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Indicative rates – 05.20.2015<\/strong><\/h2>\n

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

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Just because something doesn’t do what you planned it to do doesn’t mean it’s useless. – Thomas Edison<\/em><\/span><\/h1>\n

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*** Current News ***<\/strong><\/h1>\n

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firefly (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0Press Release No. 16\/23: “IMF Mission Reaches Staff-Level Agreement on Financial Assistance under Three-Year Stand-By Arrangement with Iraq<\/em>”\u00a0\u00a0 This is by far the biggest news I’ve seen to date in print!\u00a0 \u00a0facts folks, facts!\u00a0 And straight from the horses mouth.\u00a0\u00a0Iraq would not have been approved for that loan unless Iraq met the conditions, IMO.\u00a0 In other words Iraq needed to accomplish everything the IMF needed BEFORE they got that loan!\u00a0\u00a0<\/strong>WONDERFUL news!\u00a0\u00a0 [sounds like this could go anytime<\/em>…]\u00a0\u00a0I believe you just may be right.<\/strong>
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rcookie (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 [With bond sales going international in June this RV must happen prior to that correct — What ever date the bonds go<\/em>!]\u00a0THIS IS WHAT KEYWORDS HAD TO SAY ABOUT ALL BONDS IN INTERVIEW TODAY…\u00a0HE STATES CLEARLY THAT WITH THE US & WB GUARANTEE OF THE JUNE BONDS TO INT’L MARKETS…$2 BILLION AND IS ALREADY ACCOUNTED FOR IN EXISTING 2016 BUDGET<\/strong>…HE TELLS US WE DONT NEED THE DOLLAR BONDS…THEY WENT WITH LOCAL NATIONAL BONDS IN IQD…BECAUSE THEY NEED DINAR BECAUSE MOST OF STATE BUDGET EXPENDITURES COVERS IQD…<\/strong>
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wmawhite (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Urgent .. Iraq gets a financial certificate enables him to deal with international banks with high confidence<\/em>”\u00a0\u00a0 To me, it implies that previous to this action…Iraq (CBI\/its banks) were unable to deal with international banks.\u00a0\u00a0 so, now they can?\u00a0\u00a0This implies, yes, now they can. This implies change…is this part of the process of entering the economy markets?\u00a0\u00a0 i think it is quite reasonable to assume so.<\/strong>\u00a0 [Won’t this be also a chance for the dinar to international now?<\/em>]\u00a0 technically…the dinar is international…it is the currency of a sovereign country…it is already accepted by other countries too, such as India.\u00a0But, what you may be asking about, once the IMF gives its “Good House Keeping Seal of Approval”…Artice 8, more countries will agree to accept\/exchange the IQD as part of Iraq settling foreign remittances.<\/strong>
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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

\"follow<\/a>Don’t Miss \u00a0“NEWS TIME” in the DU CHAT ROOM – Saturday evening 7:30pm CST!!<\/span><\/strong><\/h2>\n

www.DinarUpdates.com<\/a> – save as favorite!!<\/strong>
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Bruce (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/strong><\/span>…announcement was made in Iraq yesterday – lower denoms are out and being used – Key cards are being used internationally, even in the USA – Iraq has been freed and\u00a0they are ready to go with new dinar and new rates<\/span><\/strong>.<\/span>..what this tells us is that Iraq is off and running and that is great…Thursday mid-morning (today) the entire banking system was re-set… looking forward to a great weekend…<\/p>\n

BGG ~ I am highly skeptical of this vein of “info”… I don’t think any of the above “has happened”…<\/em><\/span><\/h2>\n

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wmawhite (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0there are soooo many indicators out here that gives us reason to believe the IMF knew what it was speaking about…\u00a0 All of this activity shows me that Iraq is moving further and further along in the process of entering the economy markets …and the effect of all of this activity will be a change in the status of the IQD as to how the world markets deal with the CBI and it’s banks…<\/strong>
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Aggiedad77 (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article quote:\u00a0 “…to grant the International Monetary Fund and World Bank Iraq, according to the agreement to prepare the credit loan of $ 15 billion, in addition to a financial certification by the IMF gives him a chance to deal with all international banks with high confidence follows …<\/em>”\u00a0 This is setting things up nicely…they should see this money sometime I’m thinking now late June, early July.\u00a0 And this next part is purely my opinion…can they show a new rate before they get the money?\u00a0 Well…IMHO…yes sure they can<\/strong>…and I’m thinking that a month to a month and half is a long time to keep something under wraps…that part of their requirements seems to have to be done…otherwise from what we are hearing they wouldn’t be getting the loan<\/strong>…logic…but just a logical opinion at this point.
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Iraqi Dinar\/Dollar auction (most recent listing) 05-19-16<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3202<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 05-19-2016<\/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>\n31<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n18<\/td>\n<\/tr>\n
Auction price selling dinar \/ US$<\/td>\n1182<\/td>\n<\/tr>\n
Auction price buying dinar \/ US$<\/td>\n—–<\/td>\n<\/tr>\n
Amount sold at auction price (US$)<\/td>\n136,198,003<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n136,198,003<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/observer\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em>
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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article: “Iraq gets a financial certificate enables him to deal with international banks with high confidence<\/em>”\u00a0\u00a0…one can not do this with a …PROGRAM RATE!<\/strong>\u00a0 [Iraq can only deal with international banks if they have an International currency<\/em>.]\u00a0\u00a0\u00a0YES!!!\u00a0\u00a0<\/strong>Our turn is coming IMO. These are continual Steps of the MR.
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Shredd (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article quote: “A source at the Central Bank of Iraq, depriving a number of financial companies to participate in the bank’s auction for the sale of foreign currency, so as to dealing with gangs and funding Daash follows…<\/em>”\u00a0\u00a0 we’ve seen articles over the past years how this manipulation is robbing the citizens and funding the criminals and terrorists…if they have a single currency that is useful and practical, the exchange crime goes away…there won’t be confusion around the value but what\u00a0I will be interested to see is the period of time during which the dinar gains value and stabilizes.<\/span>..goods and services pricing, price gouging, etc. which\u00a0is why I felt a managed float for a period of time made sense, eventually moving to a float, but we wait and see<\/span>.<\/strong>
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Parliamentary Finance rejects the dictates of the International Monetary Fund<\/span><\/h1>\n

\"\"<\/p>\n

He criticized the parliamentary finance committee member Ahmed Sarhan Sarhan, Sunday, the dictates of the International Monetary Fund and invite them to reduce the federal budget in exchange for the agreed loan already disbursed.<\/p>\n

Said Sarhan “The budget is a federal law in force, voted by the House of Representatives after extensive discussion, and can not be amended only through a veto of the law of the Federal Court and sent back to parliament to amend it according to specific paragraphs, or through a proposal submitted signed by fifty deputy to modify it according to specific conditions.”…<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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Shredd\u00a0(Dinar Guru) –\u00a0<\/span>\u00a0Currencies of prosperous countries are then given a higher value than the currency of economically struggling nations…which is why Iraq is sitting pretty, they are the 23 wealthiest country in regards to reserves last time I checked…oil, recovering agriculture, improving infrastructure and a country ripe for investment sets a good stage<\/span><\/strong>…stability is the bottle neck though…security, economic and political (same ol, same ol) but\u00a0the loans being taken as of late are a continued good sign, believe it or not...loans are good because it maintains the operating cushion of the borrower<\/span><\/strong>…loans are better than relief funds, for us that is<\/span>…from the aggregate of news we’ve seen, it seems the move to a market economy may come first with the resulting float of the dinar.\u00a0<\/strong>\u00a0 [post 2 of 2]
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Shredd\u00a0(Dinar Guru) –\u00a0<\/span>\u00a0\u00a0<\/strong>the CBI adjusts the auction sales to maintain not only supply but price which of course are dependent on each other.\u00a0\u00a0\u00a0once the dinar is actually representative of its true value, the market will drive value of their dinar…fair market value is what its called.\u00a0<\/span>\u00a0The value of currency is determined by its selling and purchase price as a commodity. The Fair Market Value of a currency is based on the agreed amount at which it is bought and sold.<\/span><\/strong>\u00a0 The economic condition of a country, such as employment rates and opportunities for growth, is examined when comparing its currency to another country.\u00a0 [post 1 of 2….stay tuned]
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…<\/strong><\/h2>\n

http:\/\/www.dinarupdates.com\/forumdisplay.php?5-Current-Iraq-NEWS<\/a><\/strong>
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Mountainman (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Articles: “{BAGHDAD: Iraq’s Euphrates News}\u00a0got a financial certification by the IMF gives him a chance to deal with all international banks with high confidence<\/span><\/em>.”\u00a0 “Urgent ready credit gives Iraq a loan of $ 15 billion securities certificate to deal with international banks<\/em>”\u00a0 [Iraq can only deal with international banks if they have an International currency<\/em>…]\u00a0\u00a0B I N G O …EXACTLY and Well Said<\/strong>…THINGS are Done BEHIND CLOSED DOORS and [WHEN] (THEY) want One to See…ONE will See as We are Here… CORRECT?\u00a0\u00a0\u00a0IMO…Absolutely…Now in TIME\/ING…It will Be A PUBLIC SPECTACLE and A Potpourri of their NEW REALITY<\/span><\/strong>…IMO.<\/span>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0based on their NEED… (according to Alak) – they would benefit great from a “value enhanced” Dinar<\/strong>.<\/span>\u00a0Their internal purchasing power would be greater – just like your and mine.\u00a0\u00a0\u00a0they are pointing out… in a vague sort of way, they don’t need USD –\u00a0they need more Dinar, a more powerful Dinar because they need purchasing power in their own country – for their own projects<\/span>.<\/strong>Simple.\u00a0\u00a0\u00a0…they are almost shouting “THEY NEED VALUE”<\/strong>… do you think they would achieve value and withhold it from the world?
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Mountainman (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article quote:\u00a0 “During the meeting with Rabiei on Wednesday, officials of Oclaner Asset Management Ltd. said that their company is able to absorb three billion dollars of investment money for Iran projects.<\/em>“\u00a0\u00a0\u00a0\u00a0<\/strong>…it Is OBVIOUS IRAN is EXPECTING A NEW INCREASE in BUSINESS and CASH FLOW…I’d Say they Know their MONETARY DOORS are About to EXPLODE…I Know the IMF (THINKS) So As Well…Hmmm…This is Some SERIOUS HUGE Money in A Short Period of TIME…for A Country Whose Currency is WELL BELOW it’s Projected VALUE…So WHAT is EVERYONE EXPECTING…A UNION..A WEDDING…Is the IMF Leading w\/ the MARRIAGE VOWS…IRAN do You take IRAQ as Your LAWFULLY WEDDED WIFE…I Do…Etc<\/strong>…You get the Point..IMO.\u00a0\u00a0It’s {ALL} About THEIR DEAL.<\/strong>
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\"\"<\/p>\n

Parliamentary economy: IMF loans conditional on Administrative and fiscal reforms<\/strong><\/span><\/h1>\n

Special \u2013<\/strong>\u00a0The parliamentary economy Committee member confirmed Najib, a brilliant Thursday that IMF loans conditional on Administrative and fiscal reforms.<\/p>\n

Najib said l\/balance “news\/IMF loans will be given to Iraq within three years, a sign that” loans conditional on Administrative and fiscal reforms. ”
\nShe added, “the reconstruction of the regions affected by terrorism from the priorities of these loans.”<\/p>\n

It is said that economy and Investment Committee member Magda Tamimi revealed, earlier, about Iraq’s debt exceeded over $ 73 billion dollars in debt that includes all the Arabic countries and foreign debts.<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/showthread.php?34388-Parliamentary-economy-IMF-loans-conditional-on-Administrative-and-fiscal-reforms<\/a><\/em><\/strong>
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firefly (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Unless the rules have changed,\u00a0there will be NO free float.\u00a0 IMO it will be managed!<\/span><\/strong>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 \u00a0I had a very good source tell us (at one time) about how much corruption and bribery Maliki was involved in – because of which they were pretty convinced he would actually get his 3rd term…what we are dealing with now – is the depths of the culture of corruption he fostered… it is not going away without a fight… it appears – it is going away. One way or the other…<\/strong>
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rcookie (Dinar Guru) – <\/span><\/strong>\u00a0\u00a0 RAFIDAIN BANK ANNOUNCES ANNIVERSARY ON 19TH OF MAY CELEBRATE 75TH ANNIVERSARY & TECHNICAL ACHIEVEMENTS NEVER SEEN BEFORE &\u00a0LAUNCH OF IRONING CARD (MASTERCARD) FOR USERS INSIDE & OUTSIDE OF IRAQ AND IN COLLABORATION WITH CBI PROVIDE DOLLAR COIN TO CITIZENS FOR MULTIPLE PURPOSES IN COMPLIANCE WITH CBI CONDITIONS AND OPENING TO BANKS OF THE WORLD.<\/span>..FOR EMPLOYEES & RETIREES…WOW!!!…<\/strong>
\nWHO DOES IT MAKE SENSE TO…TO DISCONTINUE A 50 NOTE FOR ABSENCE OF VALUE PURPOSE… AND THEN RELEASE DOLLAR COIN…WHETHER COMMEMORATING 75TH ANNIVERSARY OF 1 OF THE STATE OWNED BANKS OR NOT<\/span>…
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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":"

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":[1],"tags":[],"class_list":["post-12204","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8gMgY-3aQ","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/12204","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=12204"}],"version-history":[{"count":4,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/12204\/revisions"}],"predecessor-version":[{"id":12206,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/12204\/revisions\/12206"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}