{"id":12425,"date":"2016-07-17T15:19:35","date_gmt":"2016-07-17T20:19:35","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=12425"},"modified":"2016-07-17T23:14:11","modified_gmt":"2016-07-18T04:14:11","slug":"dinar-observer-daily-july-17th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=12425","title":{"rendered":"DINAR OBSERVER DAILY July 17th"},"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><span style=\"color: #800000;\"><strong><em>Word for the day&#8230;<\/em><\/strong><\/span><\/h1>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" aligncenter\" alt=\"\" src=\"https:\/\/scontent-dfw1-1.xx.fbcdn.net\/v\/t1.0-9\/13692570_10204758123352997_7306753685836426367_n.jpg?oh=e4d2f3faa6b2f00791637a2c66fe7cda&amp;oe=582EB2FD\" width=\"579\" height=\"434\" \/><\/p>\n<h1><span style=\"color: #008000;\"><em>Mrs. BGG<\/em><\/span><\/h1>\n<p>______________________________________________________________<\/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\">1308.710<\/td>\n<td align=\"center\">1308.056<\/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\">1571.705<\/td>\n<td align=\"center\">1570.920<\/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\">911.685<\/td>\n<td align=\"center\">911.229<\/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\">1200.366<\/td>\n<td align=\"center\">1199.765<\/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\">137.986<\/td>\n<td align=\"center\">137.917<\/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\">140.502<\/td>\n<td align=\"center\">140.432<\/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\">175.953<\/td>\n<td align=\"center\">175.865<\/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\">11.333<\/td>\n<td align=\"center\">11.327<\/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\">1645.261<\/td>\n<td align=\"center\">1644.439<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>Indicative rates &#8211; 07.17.2015<\/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><span style=\"color: #008000;\"><em>Just because you do not take an interest in politics doesn&#8217;t mean politics won&#8217;t take an interest in you. &#8211; Pericles (430 B.C)<\/em><\/span><\/h1>\n<p>______________________________________________________________<\/p>\n<h1><strong>*** Current News ***<\/strong><\/h1>\n<p>______________________________________________________________<\/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=\"follow Dinar Updates on twitter\" 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 &#8211; &#8220;DU NEWS TIME&#8221; w\/RCookie and Mr White in DU CHAT ROOM &#8211; Monday 7:30pm EST<\/span><\/strong><\/h2>\n<h2><strong><a href=\"http:\/\/www.dinarupdates.com\/\" target=\"_blank\" rel=\"nofollow\">www.DinarUpdates.com<\/a> &#8211; save as favorite!<\/strong><\/h2>\n<p>______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">wmawhite (Dinar Guru) &#8211; <\/span><\/strong>\u00a0 [<em>What would they need to safeguard and protect if they were just going to stay at 1166. Or not enter the global economy?\u00a0 1166 is there current safeguard<\/em>.]\u00a0<strong>\u00a0Very good point&#8230;one of the current safeguards is the lack of value.\u00a0 Banks outside of Iraq is no upside to accept (exchanging and holding) the IQD because of its value. In other words, they do not see it as an asset to hold.\u00a0<span style=\"text-decoration: underline;\">So, as&#8230;you ask, what is there to safeguard?\u00a0\u00a0 \u00a0unless&#8230;?<\/span><\/strong><br \/>\n______________________________________________________________<\/p>\n<h2 style=\"text-align: center;\"><span style=\"color: #008000;\"><strong>Dinar Updates \u201cThe After Call\u201d &#8211; LIVE!!<\/strong><\/span><\/h2>\n<h1 style=\"text-align: center;\"><em><strong><span style=\"color: #0000ff;\">\u201cImmediately following News Time!!\u201d<\/span><br \/>\n<span style=\"color: #ff0000;\">7\/18 &#8211; LIVE CALL w\/Q&amp;A!!<\/span><\/strong><\/em><\/h1>\n<h2 style=\"text-align: center;\"><strong>from 7\/13 &#8211;\u00a0<a href=\"http:\/\/d.pr\/a\/1dRve\" target=\"_blank\" rel=\"nofollow\">Smart phone user link \u2013 Click here<br \/>\n<\/a><\/strong><\/h2>\n<p>______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">rcookie (Dinar Guru) &#8211; <\/span><\/strong>\u00a0\u00a0Article:\u00a0 &#8220;<em>Jabouri to calls for the nomination of the names of the committee to amend the constitution within one week<\/em>&#8221;\u00a0 THIS IS HUGE&#8230;<strong>THE TABLE IS SET AND GROUNDWORK LAID FOR THE COMMITTEE TO OVERSEE CHANGES TO IRAQI CONSTITUTION THAT ARE ON TABLE AND CUED UP&#8230;\u00a0\u00a0<\/strong>CONSTITUTIONAL AMENDMENT AND REVIEW COMMITTEE NAMED TODAY&#8230;<strong>THEY HAVE SET THE TABLE FOR THE PARLIAMENT TO GET DONE WHAT THEY NEED TO&#8230;70 PLUS LAWS ON TABLE&#8230;INCLUDING ONES THAT INVOLVE CONSTITUTIONAL AMENDMENT&#8230;<\/strong><br \/>\n______________________________________________________________<\/p>\n<h2><span style=\"color: #000080;\"><strong>Iraqi Dinar\/Dollar auction (most recent listing) 07-17-16<\/strong><\/span><\/h2>\n<p><strong>Currency Auctions Announcement No. 3240<\/strong><\/p>\n<p>This daily currency auction was held in the Central Bank of Iraq on the 07-17-2016<\/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>27<\/td>\n<\/tr>\n<tr>\n<td>Number of remittance companies<\/td>\n<td>16<\/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$)<\/td>\n<td>134,652,143<\/td>\n<\/tr>\n<tr>\n<td>Amount purchased at Auction price (US$)<\/td>\n<td>&#8212;&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Total offers for buying (US$)<\/td>\n<td>134,652,143<\/td>\n<\/tr>\n<tr>\n<td>Total offers for selling (US$)<\/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\/blog\/\" target=\"_blank\" rel=\"nofollow\">http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Mountainman (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0\u00a0<strong>REMEMBER Sept 2,2016 is The NEW DIGITAL PLATFORM for NEW VALUES<\/strong>&#8230;<strong>OCT 1, 2016 is the NEW FISCAL YEAR and MANY Countries will and have been in the FINAL PUSH to Make Necessary Deals in ORDER to Settle DEBTS in the CURRENT FIAT SYSTEM<\/strong>&#8230;Don&#8217;t FORGET (OIL) will Be SETTLING SDR ACCOUNTS in OCTOBER as Well&#8230;<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Backdoc (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0\u00a0<\/span>\u00a0HOWEVER, THE IMF DIDN\u2019T SAY THAT THEY WOULD SHOW US THE RATE THEN.\u00a0 IN MY OPINION, THIS TRANSITION BETWEEN THE TWO REALITIES NEEDS TO HAPPEN IN ORDER TO SEE A RATE.<strong>\u00a0 BE ENCOURAGED THAT THE ANNOUNCEMENT OF THIS IEX SYSTEM COULD BE MOVED UP AT ANY TIME!\u00a0<\/strong>\u00a0THEREFORE, NOBODY CAN PICK A DATE.\u00a0\u00a0<strong>MY CURRENT STUDY BEGINS ON SEPTEMBER 2ND (UNLESS THAT ANNOUNCEMENT CHANGES) AND ENDS IN MID OCTOBER FOR MANY REASONS!<\/strong>\u00a0 ALL OF COURSE IS JUST MY OPINION AND NOT INTENDED TO OFFEND ANYONE ELSE\u2019S OPINIONS.\u00a0 [post 2 of 2]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Backdoc (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0\u00a0<strong>&#8230;CURRENTLY THE IEX WHICH IS WHERE ALL ASSET BACKED DIGITAL CURRENCIES WILL BE TRADED DOES NOT FORMALLY EXIST TO THE PUBLIC UNTIL SEPTEMBER 2ND!\u00a0<\/strong>\u00a0IF IRAQ WERE TO LAUNCH A RATE AT THIS TIME, THE ONLY PLACE IT COULD SHOW IS ON THE CBI WEBSITE, NOT ON THE FOREX, BECAUSE IRAQ IS ASSET BACKED AND THE FOREX ISN\u2019T!\u00a0\u00a0<strong>HOW WOULD THE PUBLIC TRADE ITS CURRENCY GLOBALLY WHEN THE SYSTEM TO TRADE IT DOESN\u2019T FORMALLY EVEN EXIST UNTIL SEPTEMBER 2ND?\u00a0<\/strong>\u00a0REALIZE THAT THE IMF TOLD US THAT ALL WOULD BE DONE BY MID YEAR, RIGHT?\u00a0 RIGHT!\u00a0\u00a0<strong>IN MY OPINION, IRAQ DID GET THINGS DONE, OTHERWISE THE IMF WOULD NOT HAVE GIVEN THEM THE LOAN.<\/strong>\u00a0 [post 1 of 2&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><img decoding=\"async\" alt=\"(photo: Sabah Arar\/REX\/ Newscom)\" src=\"http:\/\/www.imf.org\/~\/media\/Images\/IMF\/News\/news%20article%20images\/MCD%20561x304%20IRAQ%20Baghdad%20MoneyChanger_N%20rexphotos831111.ashx\" \/><\/p>\n<h4><em>Iraqi dinars are exchanged for dollars at the busy Shorga market in Baghdad, Iraq: a key <\/em><br \/>\n<em>priority in the new program is maintaining the exchange rate peg to the U.S. dollar, says IMF \u00a0(photo: Sabah Arar\/REX\/Newscom)<\/em><\/h4>\n<h1><span style=\"color: #800000;\">Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability<\/span><\/h1>\n<ul>\n<li>Iraqi economy faces double shock of lower oil prices, rising security challenges<\/li>\n<li>IMF loan supports Iraqi government\u2019s economic reform program, ensures debt sustainability<\/li>\n<li style=\"text-align: left;\">Program includes measures to protect the poor, curb corruption<\/li>\n<\/ul>\n<p>The IMF has approved a three-year, $5.34 Billion loan for Iraq focused on implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability&#8230;<\/p>\n<p><em><strong>Read More: <a href=\"http:\/\/www.dinarupdates.com\/blog\/\" target=\"_blank\">www.dinarupdates.com\/blog\/<\/a><\/strong><\/em><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Islandg1211 (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0\u00a0<strong>So, according to the LOI, the RV should be after the Investment Law is passed and before the end of the year.<\/strong>\u00a0 I think it&#8217;s important that everyone understand that we should watch for the Investment Law, not worry about the GOI delaying this too much longer, and that YES,\u00a0<strong>this RV is still being planned for before the end of the year.\u00a0<\/strong>\u00a0Mosul as well is a go now that the agreement is made with Barzani.\u00a0<strong>Abadi now is talking about Political reform being put off for now until after Mosul and after the RV.<\/strong>\u00a0\u00a0 [post 3 of 3]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Islandg1211 (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0<strong>\u00a0The LOI states that&#8217;s there&#8217;s a loophole clause within Iraq that if the oil price is different from the budgeted price, then the Budget can be cut without another vote. So, the IMF settled that one too.<\/strong>\u00a0The Budget was cut&#8230;to 85%.\u00a0 I just gave two examples of the IMF using this LOI to get around the GOI. Well done IMF. What a difference this year is to previous years. The IMF has a plan.\u00a0<strong>So the RV will come AFTER the Investment Law but BEFORE the crackdown on proving why you need USDs. The LOI states that the CBI will only have weekly auctions and will require proof of why USD is needed &#8220;by the end of the year.&#8221;<\/strong>\u00a0 [post\u00a02 of 3&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Islandg1211 (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0 The June 2016 LOI with the IMF states that the CBI should stop the MCP and work towards Article VIII compliance and that they should first pass the Investment Law.\u00a0\u00a0<em>So, when will we see the RV<\/em>?\u00a0<strong>\u00a0(IMO) WE WILL NOT SEE THE RV BEFORE THE INVESTMENT LAW.\u00a0 It&#8217;s plain as day in Article A 14 of the June IMF LOI.<\/strong>\u00a0 Like me, you, and everybody, the IMF was concerned that the Monetary Reforms could get bottle necked in the GOI should politics decide to either hold it hostage or simple just stall.<strong>\u00a0So, the IMF stated in the LOI that the COM could introduce the Investment Law OR the CBI could make new regulations that cover the same points<\/strong>. Don&#8217;t you love that word &#8220;OR&#8221;!!! Clever of the IMF.\u00a0<strong>This will probably lead to the actual passing of the Investment within the GOI since they know they can&#8217;t delay or stop it.<\/strong>\u00a0\u00a0 [post 1 of 3&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<h1><span style=\"color: #800000;\">Upgrading of Iraqi currency \u201cdinar plastic (polymer)\u201d Re-evaluate the value of the dinar<\/span><\/h1>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\" alignleft\" alt=\"Upgrading of Iraqi currency dinar plastic polymer\" src=\"https:\/\/i0.wp.com\/www.iraaqi.com\/upload\/10293738.jpg?w=640\" \/><strong>Upgrading of Iraqi currency dinar plastic polymer\u2013 Dinar plastic (polymer)<\/strong><\/p>\n<p>\u2013 Restructuring of the Iraqi currency<\/p>\n<p>Re-evaluate the value of the dinar<\/p>\n<p>\u2013 Iraqi dinar (polymer):&#8230;<\/p>\n<p><em><strong>Read More: <a href=\"http:\/\/www.dinarupdates.com\/blog\/\" target=\"_blank\">www.dinarupdates.com\/blog\/<\/a><\/strong><\/em><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">rcookie (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0 [<em>&#8230;does anyone know what we would like to see happen with Turkey&#8230; to help with our investment&#8230;Who do we want in control of Turkey?<\/em>]<strong>\u00a0 Personally &#8211; one way or the other, I don&#8217;t think it matters that much<\/strong>&#8230;\u00a0\u00a0[<em>you do not think what happen over turkey will cause a problem with our investment&#8230;<\/em>?]<strong>\u00a0\u00a0 I do not.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">rcookie (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0 Article\u00a0 &#8220;<em>Jubouri: 70 laws will be presented at future meetings .. and near terminate the membership of absentees<\/em>&#8221;\u00a0 \u00a0<strong>SO&#8230; JABOURI TELLING US MORE THAN 70 LAWS CUED UP AND READY FOR VOTE.\u00a0<\/strong>\u00a0YOU THINK PARLIAMENT IS GOING TO BE BUSY THIS WEEK.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">rcookie (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0\u00a0\u00a0<\/span><strong>\u00a0THINK ABOUT THIS RELEVANT TO WHAT WE HAVE IN THE RECENT 2 WEEKS REGARDING THE FOCUS ON RESTRUCTURING CAPITALIZATION WITHIN BANKING SECTOR TO THE TUNE OF 200-400% IN BANKS OF ALL SIZES<\/strong>&#8230;NOW&#8230;NOT TO BEAT A DEAD HORSE&#8230;BUT&#8230;AGAIN&#8230;THE RECRUITMENT&#8230; ACQUISITION AND RETENTION OF FOREIGN INVESTMENT AND BUSINESS INTO IRAQ WAS POSSIBLE WITHOUT THESE TYPES OF FINANCIAL AND ECONOMIC UNDERPINNINGS&#8230;1 YEAR&#8230;3 YEARS&#8230;5 YEARS AGO EXACTLY HOW&#8230;<strong>JUST A HINT&#8230;THEY WERENT&#8230;NOT EVER&#8230;EVER&#8230;EVER&#8230;\u00a0<\/strong>\u00a0 [post 2 of 2]<br \/>\n______________________________________________________________<\/p>\n<h1><span style=\"color: #800000;\">ECONOMIC ADVISER TO EBADI &#8211; INTERNATIONAL FUND APPROVES STANDBY CREDIT AGREEMENT WITH IRAQ<\/span><\/h1>\n<p><strong><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" alignleft\" alt=\"ECONOMIC ADVISER TO EBADI - INTERNATIONAL FUND APPROVES STANDBY CREDIT AGREEMENT WITH IRAQ\" src=\"https:\/\/i0.wp.com\/ibnnews.net\/wp-content\/uploads\/2016\/07\/modhhir_mohammad_salih_10062015.jpg?resize=341%2C253\" width=\"341\" height=\"253\" \/>BAGHDAD \/ IBN &#8211;<\/strong> Economic Adviser to the President of the Council of Ministers confirmed the appearance of Mohammed Saleh, \u201cThe Executive Board of the International Fund approved a standby credit with Iraq on 7 July of the current agreement.<\/p>\n<p>Saleh said on Thursday, in a statement to the Iraqi network transmitter (IBN) \u201cThe fund was launched in the history of 12 of July of this batch of the loan allocated for Iraq and the $ 634 million out of the total amount of 5.3 billion dollars.\u201d&#8230;<\/p>\n<p><em><strong>Read More: <a href=\"http:\/\/www.dinarupdates.com\/blog\/\" target=\"_blank\">www.dinarupdates.com\/blog\/<\/a><\/strong><\/em><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">rcookie (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0 Article quote:\u00a0 &#8220;T<em>he workshop aims to identify the credit risk mitigation, and understand how banks calculate the capital to be allocated to address market risks, and how to calculate standard techniques LCR and NSFR liquidity by the Basel III requirements, as well as understand how conduct stress tests for all types of risk.<\/em>&#8221;\u00a0\u00a0\u00a0 SO THIS BASEL III WORKSHOP IS BEING HELD IN SYRIA JULY 25TH-28TH&#8230;<strong>THAT COVERS THE MEASUREMENT&#8230; MONITORING AND MANAGEMENT OF RISK SYSTEMS IN ACCORDANCE WITH BASEL III REQUIREMENTS RIGHT DOWN TO PRESSURE TESTING SYSTEMS<\/strong>&#8230;AND CAPITAL ADEQUACY RATIOS AND WEIGHTING SYSTEMS TO CREDIT RISKS WITHIN THEIR MARKETS WITH ICAAP STANDARDS (INTERNATIONAL CAPITAL ASSET ASSESMENT PROCESSES)&#8230;\u00a0 [post 1 of 2&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">tlm724 (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 &#8220;<em>Iraq moves to Turkey after refusing inclusion of the marshes in the World Heritage List<\/em>&#8221;\u00a0&#8230;it looks like France, Turkey and Iran had objections to the Iraqi marshes being included on the list. \u00a0France looks like they may be ok with it and they can negotiate with Iran but Turkey is gonna be a problem&#8230;first off as we all know Turkey is in a bad way as of today, too much uncertainty and its a power thing with this water.\u00a0<strong>\u00a0[Guru] BondLady explained in a desert region water is like gold and Turkey controls the spigot that lets water flow to Iraq.\u00a0 I pray they can work this out! The marshes are critical to civilization and must be preserved and nurtured.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><span style=\"color: #c23b3b;\">wmawhite (Dinar Guru) &#8211;<\/span><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0\u00a0 bottom line is; look around the region and ask &#8230;&#8221;<em>when Iraq is compared to the other countries and their GDP is the true value of Iraq reflected in their currency at $0.00086<\/em>?&#8221;\u00a0<strong>Simply; No. And this is why Iraq does not use it and that there are obstacles preventing it from being used as Citibank stated.\u00a0<span style=\"text-decoration: underline;\">IMO, when those obstacles are removed and the movement of the IQD is freed, IMO the CBI will move the value of the IQD to reflect its true value.<\/span><\/strong><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\" target=\"_blank\" data-cke-saved-href=\"http:\/\/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=\"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\" data-cke-saved-src=\"http:\/\/www.dinarupdates.com\/blog\/wp-content\/uploads\/2016\/01\/cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA.jpg\" \/><\/a><\/h2>\n<h2><span style=\"color: #800000;\">Be sure to join the New Dinar Updates \u201cprivate\u201d FaceBook Group\u2026<\/span><\/h2>\n<p><em><strong><a href=\"https:\/\/www.facebook.com\/groups\/571383766355188\/\" target=\"_blank\" data-cke-saved-href=\"https:\/\/www.facebook.com\/groups\/571383766355188\/\">https:\/\/www.facebook.com\/groups\/571383766355188\/<\/a><\/strong><\/em><\/p>\n<p><em><strong>(go here and ask to join\u2026 then add some Dinar Friends!!)<\/strong><\/em><br \/>\n______________________________________________________________<br \/>\n<strong><span style=\"color: #c23b3b;\">mike (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 &#8220;<em>Moody&#8217;s credit rating: Iraq&#8217;s agreement with the International Monetary Fund will reduce its budget problems<\/em>&#8221;\u00a0\u00a0\u00a0<strong>I think Iraq has a ways to go to improve their credit rating with Moody&#8217;s.<\/strong>\u00a0\u00a0What is a &#8216;Sovereign Credit Rating&#8217;:\u00a0\u00a0 &#8220;<em>A sovereign credit rating is the credit rating of a country or sovereign entity.\u00a0<strong>Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks<\/strong>. At the request of the country, a credit rating agency\u00a0<span style=\"text-decoration: underline;\">will evaluate the country&#8217;s economic and political environment to determine a representative credit rating<\/span>.\u00a0<strong>Obtaining a good sovereign credit rating is usually esse<\/strong><\/em><strong><em>ntial for developing countries in order to access funding in international bond markets<\/em>.<\/strong>&#8221;\u00a0\u00a0<strong>While I do believe things are and will get better in Iraq, they have to get Parliament to a functional state passing the needed legislation for economic advancement and political cohesion<\/strong>. Making payments to the Paris Club and the Kuwaiti&#8217;s would also be a good thing.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">tlm724 (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0 Article quote:\u00a0 &#8220;<em>The illegal border crossings and projects revenue project Sakona most prominent on the agenda of the Commission&#8217;s new legislative term.<\/em>&#8221;\u00a0 yep they gotta secure those borders, stop illegal crossing and collect tariffs!\u00a0\u00a0<strong>\u00a0It&#8217;s all part of the security and revenue plan and is part of the security Shabibi said was needed<\/strong>&#8230;wink!<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Poppy3 (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0\u00a0 &#8230;ALL THE NEWS IN THE WORLD ABOUT POLITICS IN IRAQ NEVER HELP ANY OF US GET CLOSER TO THE REAL RV.\u00a0 I BEEN AT THIS LONGER THAN MOST AND I ASSURE YOU THE NEWS GETS US NO CLOSER TO ANYTHING&#8230;<strong>ONLY ACTIONS ON THE NEWS IS WHAT COUNTS.\u00a0 \u00a090% OF THE NEWS WAS NEVER ACTED ON TILL HERE IN THE LAST FEW MONTHS BUT FOLLOW THE ACTIONS AND YOU&#8217;LL HAVE A REASONABLE IDEA ABOUT THE REST OF OUR WAIT.\u00a0<\/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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