{"id":12449,"date":"2016-07-26T21:04:22","date_gmt":"2016-07-27T02:04:22","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=12449"},"modified":"2016-07-27T06:40:55","modified_gmt":"2016-07-27T11:40:55","slug":"dinar-observer-daily-july-26th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=12449","title":{"rendered":"DINAR OBSERVER DAILY July 26th"},"content":{"rendered":"

Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.<\/strong><\/span><\/p>\n

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

\"\"<\/p>\n

Mrs. BGG<\/em><\/span><\/h1>\n

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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>\n1298.072<\/td>\n1297.423<\/td>\n<\/tr>\n
British pound<\/td>\nGBP<\/td>\n1552.084<\/td>\n1551.308<\/td>\n<\/tr>\n
Canadian dollar<\/td>\nCAD<\/td>\n893.762<\/td>\n893.315<\/td>\n<\/tr>\n
Swiss franc<\/td>\nCHF<\/td>\n1199.756<\/td>\n1199.157<\/td>\n<\/tr>\n
Swedish krona<\/td>\nSEK<\/td>\n136.401<\/td>\n136.333<\/td>\n<\/tr>\n
Norwegian krone<\/td>\nNOK<\/td>\n137.944<\/td>\n137.875<\/td>\n<\/tr>\n
Danish krone<\/td>\nDKK<\/td>\n174.488<\/td>\n174.401<\/td>\n<\/tr>\n
Japanese yen<\/td>\nJPY<\/td>\n11.106<\/td>\n11.100<\/td>\n<\/tr>\n
Special
\nDrawing Rights<\/td>\n		SDR<\/td>\n1636.396<\/td>\n1635.578<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

Indicative rates – 07.26.2015<\/strong><\/h2>\n

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He who decides a case without hearing the other side, though he decide justly, cannot be considered just. – Lucius Annaeus Seneca<\/em><\/span><\/h1>\n

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

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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0 \u00a0there are no woes…there are no troubles… there are no miseries…I don\u2019t even want to say delays.\u00a0\u00a0Abadi now has a clean slate of many minister\u2019s seats that he is going to fill in…he needs time to do it…September 2nd is huge…there is this new banking root system that is being brought into many countries…many banks…and is going to be connected with Iraq…when…September 2nd<\/strong>…everybody wants to get into Iraq…every country is pounding on the doors trying to get into Iraq…IMO…Iraq is ready to lift the value of their currency…but we need to let the paint dry…they are tying up loose ends.\u00a0\u00a0<\/strong><\/span>\u00a0[post 2 of 2]
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Dinar Updates \u201cAfter Call – LIVE\u201d!!<\/strong><\/span><\/h2>\n

\u201cImmediately following News Time!!\u201d<\/span>
\nfrom 7\/25 “After Call” – RCookie, Mr White, BGG and Hutch<\/span><\/strong><\/em><\/h1>\n

Smart phone user link \u2013 Click here<\/a><\/strong><\/h2>\n

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Frank26 (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0 I\u2019m sorry if your hopes were up that it was going to happen in July or June… I was expecting it to…our studies indicated they were being brought into the international theater…by the IMF, the US, and many other three and two letter agencies…guess what…they are there.\u00a0<\/strong>\u00a0Now we still need proof I suppose that is in written form that says they are international…my opinion expresses they are international<\/strong>…As much as you and I were excited about them entering the international world…hey\u00a0they should raise the value now right…yeah…and I still agree with that 100%…but when you make a decision to go from A to B…please be fair and realize it takes time to go from A to B once you make that decision.\u00a0<\/strong>\u00a0Well I believe deep in my heart that Iraq has been brought to the steps that lead them not only into the international world…but leads them into the reason to raise the value of their currency…\u00a0\u00a0 [post 1 of 2….stay tuned]
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wmawhite (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span>[Speaking of supply and demand what is happening to the dinar notes once exchanged for $<\/em>\u00a0?]\u00a0\u00a0 first…remember, are you planning on exchanging in Iraq?\u00a0 Of course not…because you will not get the USD…so you will exchange outside of Iraq?\u00a0 Correct?\u00a0 so those IQD notes will be outside of Iraq the CBI will not see them…\u00a0 They become assets of…the US…Canada…UK…France, etc.\u00a0 Remember… banks… central banks…hold foreign currency reserves…they are assets.<\/strong>
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rcookie (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 “Iraqi parliament session:\u00a0\u00a0Parliament will vote on three bills discusses another six today<\/strong><\/em>”\u00a0\u00a0 …BUSY…BUSY DAY!!
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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

\"follow<\/a>Don’t MISS – “DU NEWS TIME” w\/RCoookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST<\/span><\/strong><\/h2>\n

www.DinarUpdates.com<\/a> – save as favorite!<\/strong><\/h2>\n

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Enorrste (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “What does it mean to float the currency?<\/em>”\u00a0\u00a0Quote:\u00a0 “Floating exchange rates fluctuate constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.<\/em>”\u00a0\u00a0 Although Al Jazeera is not an official government source one must ask what would lead them to publish this on their own. \u00a0They have no motive on their own. \u00a0Therefore I would conclude that they were asked to do so. \u00a0The only people I can imagine that would ask Al Jazeera to do this would be either the CBI or the GOI (most likely the former). \u00a0That being said…this appears very positive.<\/strong>
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Breitling (Dinar Guru) –<\/span><\/strong>\u00a0 …First\u2026There is no reason at all to reduce the note count at all if they are going to pretend they are taking the 3 zeros off any of the notes<\/strong><\/span>. Second\u2026There is no such thing as an \u201cin country\u201d revaluation.<\/strong>\u00a0 It\u2019s never happened in the history of all man kind.\u00a0 I haven\u2019t found one example.\u00a0 I can go back 100 years and give you a history of currency competition\u2026and there\u2019s no such thing\u2026it simply doesn\u2019t exist.\u00a0 It\u2019s the most ridiculous thing.\u00a0 A lot of articles are coming out about the polymer currency that they want to do.\u00a0\u00a0and this also eliminates the idea that they are going to LOP the currency.<\/span><\/strong>\u00a0 There is no reason to come out with a new currency if they are not going to add value to it and if they are going to lop the currency there\u2019s no reason to have a new currency is there?\u00a0 It\u2019s doesn\u2019t make sense.\u00a0\u00a0The articles coming out about a new currency are very very good<\/span><\/strong>\u2026 [Post 1 of 3]
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wmawhite (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0Article:\u00a0 “Reform plans awaiting allocations and mechanisms of action<\/em>\u00a0”\u00a0Article quotes:\u00a0“…said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq…<\/em>”\u00a0\u00a0 “He added that the provision of the central bank’s six trillion five hundred billion dinars amount of investment is designed to achieve the government’s plan to restructure Iraq’s economy and moving it from rentier economy to a productive economy and give the private sector a key role in achieving this<\/em><\/strong><\/span>.”\u00a0\u00a0this says it right here that this is planned and the IMF is part of moving the Iraqi economy into the private sector.<\/strong>
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RCookie NEWS Recap<\/strong><\/span>
\n (from) MONDAY JULY 25TH, 2016<\/strong><\/em><\/span><\/p>\n

PARLIAMENT<\/strong><\/p>\n

SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI\u2026HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT\u2019L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)\u2026PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS\u2026JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI\u2026FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING\u2026MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK\u2026ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,\u2026PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL\u2026MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS\u2026JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR\u2026<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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ADMINBILL (Dinar Guru) –<\/span>\u00a0\u00a0\u00a0LOOKS GOOD FOR THE NEXT 12 TO 24 HOURS ACCORDING TO LATEST INFO. RUMOR OF ABADI APPOINTING SHABIBI AS HEAD IF CBI TOMORROW.\u00a0<\/strong>\u00a0RUMOR ONLY. \u00a0LET’S SEE WHAT THE DAY BRINGS.<\/p>\n

BGG ~ What is this guy up to??<\/em><\/span><\/h2>\n

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wmawhite (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 [With the IMF endorsing the peg to the USD, how difficult will it be for Iraq to go to a float? And on that note, how hard would it be for Iraq to control\/work with that float<\/em>?]\u00a0\u00a0IMO…Iraq\/CBI will not float\/free float the IQD.<\/span>\u00a0 The CBI could\/can depegged if they want to in the next minute, if that is what is best.<\/strong>
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tlm724 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article quote:\u00a0 “…the lack of accountability of the misuse of public money, that will sound when the Council is asked to put his bill by the presidency of the Republic, which is empowered to rigging the Constitution was the text of the Constitution…<\/em>”\u00a0\u00a0yep…the Constitution needs some tweaking, it allows them to run roughshod and manipulate the system to their advantage ie: stealing money.<\/strong>Right now their Constitution reads like a third world comic book…It should have been amended years ago!<\/strong>
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Iraqi Dinar\/Dollar auction (most recent listing) 07-26-16<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3245<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 07-26-2016<\/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>\n29<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n16<\/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$)<\/td>\n154,089,197<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n154,089,197<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em>
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wmawhite (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “In addition to targeted institutional organization, it would limit the tax evasion operations will be subject to the tax charge for the fact that records companies reveal in front of the tax authorities, as well as regulators are any corporate solidarity does not assume future tax irregularities from the legal responsibility of being officially registered and licensed.<\/em>”\u00a0\u00a0\u00a0This appears to be huge steps at ensuring that all entities… whether government or private sector are registered and paying their fair taxes.\u00a0 They see the flood gates opening and are ensuring that they are prepared administratively.\u00a0In other words…if the flood gates of investors were not opening ..why worry about such issues?<\/span><\/strong>
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ADMINBILL (Dinar Guru) –<\/span><\/strong> WHAT A SCREWBALL WEEK THIS HAS BEEN. UP DOWN, UP DOWN. SO WHERE ARE WE…?\u00a0IN MY OPINION WE MAY BE IN THE WEEK<\/strong>…THE PROBLEM WE HAVE IS THAT WE CANNOT GET THE TRUTH FROM ANY NEWS SOURCE THESE DAYS WHICH MAKES IT VERY DIFFICULT FOR THOSE THAT HAVE NOT KEPT UP WITH THE DAILY DRAMA IN DINARVILLE.\u00a0\u00a0\u00a0I SAY WE ARE NEAR THE END…WITHOUT THE GCR\/RV THE SITUATION IS THAT GRAVE.<\/strong>
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rcookie (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span>\u00a0Article quote:\u00a0 “ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION<\/em>”\u00a0\u00a0\u00a0SO…THE ASHUR BANK ISX LAUNCH TOMORROW [MONDAY]…<\/strong>
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Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…<\/h1>\n

\"\"<\/p>\n

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance<\/p>\n

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.<\/strong><\/em><\/span><\/p>\n

BGG – (Since I NEVER do that – PAY ATTENTION…)<\/strong><\/em><\/span><\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/p>\n

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rcookie (Dinar Guru) – <\/span><\/strong>\u00a0<\/span>\u00a0Article:\u00a0 “Reform plans awaiting allocations and mechanisms of action<\/em>”\u00a0 Quote:\u00a0 “said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation..<\/em>.”\u00a0<\/strong>\u00a0 THE TITLE BLOWS THE MIND…AND THE STATEMENT SOURCE BEING ALNASIRI ISNT TO SHABBY AS WELL…THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS…1ST A SWITCH TO A PRODUCTIVE ECONOMY…AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACCURATE, TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION<\/strong>…WOW…THAT REPORT WAS AWESOME!
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “CBI agrees to open windows for the sale of US dollars in cash for travelers<\/em>”\u00a0\u00a0[So is this a good thing or bad thing or neither<\/em>?]\u00a0\u00a0\u00a0This is a great thing.<\/strong>\u00a0 Remember the IMF line…”The authorities will gradually remove remaining exchange restrictions.<\/em>.”\u00a0 This is a requirement for Article VIII. \u00a0 We need this to happen for the dinar to be internationally convertible and rise in value!\u00a0<\/strong>\u00a0The sooner the better.
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rcookie (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0 Article:\u00a0 “A new International Port between Iran and Iraq Kurdistan<\/em>”\u00a0\u00a0WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN…THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!<\/strong>
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What does it mean to float the currency?<\/strong><\/span><\/h2>\n

\"\"<\/p>\n

Floating currency is to make the exchange rate of the currency as an editor in full, so that the government does not interfere , or the central bank in the determined directly. But it is automatically excreted in the currency market by supply and demand mechanism that allows for the identification of the national currency exchange rate against foreign currencies.<\/p>\n

And fluctuate prices of floating currency exchange constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.<\/p>\n

Forms of flotation<\/strong><\/p>\n

Either be floating or purely be directed:<\/p>\n

Pure flotation:<\/strong>
\nare left to determine the exchange rate to market forces and the mechanism of supply and demand in full, and the state refrain from any direct or indirect intervention.<\/p>\n

Flotation prompt:<\/strong>
\nis left to determine the exchange rate to market forces and the mechanism of supply and demand, but the state intervenes (via the central bank) as needed in order to guide the exchange rates in certain directions by influencing the size of the offer or demand for foreign currencies.<\/p>\n

Supporters of flotation<\/strong><\/p>\n

For as long as theorists monetary school defended in economics ( Milton Friedman model) for floating currencies, claiming that the liberalization of exchange rates will make it reflect the economic fundamentals of the various countries (growth, trade balance, inflation , interest rates), and will lead it thus to restore the balance of relations and business accounts of current transactions continuously and automatically…<\/p>\n

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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Abadi accept the seventh resignation of a minister in his government<\/em>”\u00a0 This goes back to the SJC set back suffered by Abadi about “how” he got the “reshuffle” started (by removing those guys)…\u00a0Looks like he has somehow “persuaded” them to “voluntarily resign”…he will get his “technocratic GOI” sooner rather than later.<\/strong>\u00a0 regarding the “delays” – yes, there have been real delays…stop and think… half of Iraq was under the control of a hostile force… didn’t need to be – but it was…Maliki was partially the author of it…security HAS been an issue… plainly, there have been plans published and retracted (or “tabled”) that addressed currency reform…We’re in much better shape now.<\/span><\/strong>
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Bondlady (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “Ready to receive the ten global companies to complete the port of Faw in Basra<\/em>” \u00a0 this port is very important and its a huge project that’s been ongoing for years and years…its very close to completion and when it is whoa! talk about a huge money maker…this will be the largest port in the world, it will connect Iraq thru its shipping lanes…to the rest of the world<\/strong>…very big and huge deal for Iraq…thumbs up…
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tlm724 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0Article:\u00a0 “Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him<\/em>”\u00a0 Quote:\u00a0“Statement Mr. Prime Minister , Dr. Haider al – Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people<\/em>…”\u00a0\u00a0\u00a0it’s hard to fathom the conditions these people are trying to live under…no food, no water, no sanitation, no meds, children starving and its like 130 degrees<\/strong>…so sad…take a moment and say a prayer for your fellow man!
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\"!cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA\"<\/a><\/h2>\n

Be sure to join the New Dinar Updates \u201cprivate\u201d FaceBook Group\u2026<\/span><\/h2>\n

https:\/\/www.facebook.com\/groups\/571383766355188\/<\/a><\/strong><\/em><\/p>\n

(go here and ask to join\u2026 then add some Dinar Friends!!)<\/strong><\/em>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “IMF agreement test for Iraq<\/em>”\u00a0\u00a0\u00a0IMF has developed a tremendous program to rewrite Iraq’s ailing economy.<\/strong>\u00a0\u00a0The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East.<\/strong>\u00a0 While not saying ” rv tomorrow” it’s pretty compelling stuff…
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Delta (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span>\u00a0Article quote:\u00a0\u00a0 “The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to ” low value and stop the public about the circulation ,” according to a statement of the bank. A source in the CBI told the ” term ” that ” the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last<\/em>…”
\nI DID BRING THIS…FROM 2\/27\/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS!\u00a0\u00a0AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT’S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.<\/strong><\/span>
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Backdoc (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 QUIET WE ARE WITH A PURPOSE FOR A PURPOSE!\u00a0 WISH I COULD TEACH MORE ON THE COMING DAYS BUT\u00a0YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.<\/strong>
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Iraqi Dinar\/Dollar auction (most recent listing) 07-24-16<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3243<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 07-24-2016<\/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>\n25<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n16<\/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$)<\/td>\n147,058,377<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n147,058,377<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span>\u00a0Article:\u00a0 “Reform plans awaiting allocations and mechanisms of action<\/em>”\u00a0\u00a0 Quote:\u00a0 “…the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives…activating the role of financial institutions and the banking sector<\/em>”\u00a0\u00a0 Super article IMO as it describes how the economy and banking sector are tied together.\u00a0\u00a0This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value.\u00a0<\/span>\u00a0<\/strong>Good and exciting stuff!
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BGG (Dinar Guru) –<\/span>\u00a0\u00a0<\/strong>\u00a0 “OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION<\/em>…”\u00a0\u00a0the bigger news than who it is – is that it is soon (the liberation of Mosul)<\/strong>…key city in Iraq – sets the stage for real stability – if this is one of the “biggies” for the IMF.\u00a0Mosul will be captured – the US would not be there if it were not a “given”… the progress is breathtaking…As far as this investment goes…all good for Iraq.<\/strong>
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tman23 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0\u00a0.<\/strong><\/span>..Abadi is saying he would launch in October<\/strong>…which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad…At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: \u201cWe would like to see some reforms moving faster<\/em>.\u201d\u00a0 REFORMS MOVE FASTER…THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY…THIS IS WHAT THEY ARE PLANNING…ABADI IS SAYING UNTIL OCTOBER<\/strong><\/span>…and…security after liberation is the biggest concern of all…Rebuilding the second largest city and providing immediate service is an issue…UNCERTAIN SECURITY… UNCERTAIN of the Country uniting post ISIS…Uncertainty by the MAJORS tells me NO CURRENCY CHANGE<\/strong>…IMF said…That Iraq is expected to enter the International Market by mid 2016… Simply put, the reality of Iraq meeting expectations will most likely end in disappointment…
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Iraqi Dinar\/Dollar auction (most recent listing) 07-19-16<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3242<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016<\/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>\n29<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n16<\/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$)<\/td>\n146,727,081<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n146,727,081<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em>
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Shredd (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 …the IMF’s continued support and re-clarification that the peg to the dollar is in place is a good thing.\u00a0\u00a0It is just a matter of time that the dinar will gain value as Iraq diversifies in it’s outputs and regrows its reserves from oil revenues.<\/strong>\u00a0 We are not invested in some penny stock that we’re hoping to get rich on like the inbred, get-rich-quick dummies do.\u00a0\u00a0\u200bWe are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth.\u00a0<\/strong>\u00a0 [post 3 of 3]
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Shredd (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 [list continued]
\n7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
\n8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
\n9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
\n10. Move to a single currency regime and move out of currency auctions.<\/strong>
\nLet me also add that…\u00a0\u00a0 [post 2 of 3….stay tuned]
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Shredd (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “IMF says no reason to devalue Iraqi Dinar<\/em>”\u00a0\u00a0This article captures most of the upside of having the dinar on par with the dollar.<\/strong>\u00a0I’ll list em for ya!
\n1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
\n2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).<\/strong>
\n3. Fully implement the project to delete the zeros which provides an exit from the country’s economic crisis.
\n4. Restoring the money supply structure in line with the market data.
\n5. Allow for transparent, compliant trading currency between banks and other institutions operations.
\n6. Have a currency rate that responds to market fluctuations in a consistent manner.\u00a0<\/strong>\u00a0[post 1 of 3….stay tuned]
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U.S.-Iraqi Kurdistan MOU signed with Baghdad\u2019s support and approval<\/strong><\/span><\/h2>\n

Iraq\u2019s Ministry of Defense on Friday said the Memorandum of Understanding (MOU) that includes provisions of military support to the Peshmerga forces signed between the Kurdistan Regional Government (KRG) and the United States was carried out with and after the approval of the Iraqi central government.<\/p>\n

The defense ministry released a statement refuting claims the agreement was signed without Baghdad\u2019s approval and stressing the MOU was meant to support Peshmerga forces with financial and military aid.<\/p>\n

The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq\u2019s sovereignty.<\/p>\n

\u201cApproval has been obtained from the Iraqi government for the aid for the Peshmerga Forces but the preconditions were indicated by the U.S.,\u201d the statement read…<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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tlm724 (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0Here are the statistics I want to share with you all: CIA The World Factbook:\u00a0 COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD:\u00a0 Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.<\/p>\n

RANK RESERVES OF FOREIGN EXCHANGE AND GOLD:\u00a0<\/strong><\/p>\n

37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST\u00a0\u00a0<\/strong><\/p>\n

49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST<\/strong><\/p>\n

Isn’t that pretty ?\u00a0Iraq has quite a bit more gold and reserves…\u00a0<\/strong>\u00a0 [post 2 of 2]
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tlm724 (Dinar Guru) –<\/span><\/strong>\u00a0 I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait’s exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar.\u00a0\u00a0The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table.\u00a0 The overall standard of living still depends on the central government passing major policy reforms and laws…and that too is being addressed, it is just a matter of time.<\/strong>\u00a0 …I did some research so I could answer that old question:\u00a0\u00a0Can Iraq support a one to one exchange rate?\u00a0<\/em>Well the answer is a resounding hail Yes and then some!\u00a0\u00a0<\/strong><\/span>[post 1 of 2….stay tuned]
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Bondlady (Dinar Guru) – <\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Exchange rate and disinformation”\u00a0\u00a0<\/em>Quote:\u00a0 “Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies<\/strong><\/span>, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…<\/em>”\u00a0 …this is a good article an could very well mean even better for us than what its saying…the fact that this article even exists means they are working on this right now<\/span>, they are discussing all the pros an cons of it as they’ve done the last few times they’ve been ready to move the dinar rates or do something with the currency<\/strong>…we all know its long over due…this is definitely different than the last 10 plus years…I really do expect things to change in a big way with the new agreements made with talibani…art 140…hcl… several more huge things<\/span>…I believe we will see those come to light very soon…hang in there every one …its lookin very good for us all imo.<\/strong>
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If you found this blog, our website or chats helpful \u2013 Forward it to a friend!! We couldn\u2019t do it without you!! Thanks \u2013 BGG!!<\/h2>\n

www.DinarUpdates.com<\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"

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":[2],"tags":[3,24,17,5,18,6,7,26,23,4,21,20,22,25,19,14,9],"class_list":["post-12449","post","type-post","status-publish","format-standard","hentry","category-dinar-observer","tag-dinar","tag-dinar-corp","tag-dinar-detectives","tag-dinar-guru","tag-dinar-gurus","tag-dinar-info","tag-dinar-news","tag-dinar-recaps","tag-dinar-recaps-blog","tag-dinar-rv","tag-dinar-to-usd","tag-dinar-trade","tag-dinar-updates","tag-dinar-value","tag-dinar-vets","tag-iqd","tag-iraqi-dinar"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8gMgY-3eN","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/12449","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=12449"}],"version-history":[{"count":10,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/12449\/revisions"}],"predecessor-version":[{"id":12451,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/12449\/revisions\/12451"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

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