{"id":12494,"date":"2016-08-05T12:59:21","date_gmt":"2016-08-05T17:59:21","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=12494"},"modified":"2016-08-06T15:23:48","modified_gmt":"2016-08-06T20:23:48","slug":"dinar-observer-daily-august-5th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=12494","title":{"rendered":"DINAR OBSERVER DAILY August 5th"},"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-atl3-1.xx.fbcdn.net\/v\/t1.0-9\/13886236_10204875159878837_761014918826540636_n.jpg?oh=aed9db3190b05dc04a02b46f74dc0b96&amp;oe=582AF8CD\" width=\"424\" height=\"636\" \/><\/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\">1323.840<\/td>\n<td align=\"center\">1323.178<\/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\">1577.497<\/td>\n<td align=\"center\">1576.708<\/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\">903.670<\/td>\n<td align=\"center\">903.218<\/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\">1220.696<\/td>\n<td align=\"center\">1220.086<\/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\">138.754<\/td>\n<td align=\"center\">138.684<\/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\">140.482<\/td>\n<td align=\"center\">140.412<\/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\">177.966<\/td>\n<td align=\"center\">177.878<\/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\">11.674<\/td>\n<td align=\"center\">11.668<\/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\">1656.478<\/td>\n<td align=\"center\">1655.650<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>Indicative rates &#8211; 08.05.2016<\/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>An armed society is a polite society. Manners are good when one may have to back up his acts with his life. &#8211; Robert Heinlein<\/em><\/span><\/h1>\n<p>______________________________________________________________<\/p>\n<h1><strong>*** Current News ***<\/strong><\/h1>\n<p>______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Frank26 (Dinar Guru) &#8211; <\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0\u00a0&#8230;they are on the speed of light on their financial reforms&#8230;their Monetary Reform&#8230;it is just now starting to march forward&#8230;<strong>IMO&#8230;it is a new rate that they need<\/strong>&#8230;like I have told you&#8230;it is the RI into the RV&#8230;but this is just the RI.\u00a0&#8230;IMO&#8230;all of these indicators&#8230;indicators of the RI into the RV&#8230;<strong>the RATE CHANGE&#8230;is the next goal&#8230;IMO&#8230;in order for them to enter into a cashless society<\/strong>&#8230;You know what else this means&#8230;the concept of going into digital currency&#8230;<strong>it means there is no LOP&#8230;<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Kaperoni (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0 We sure don&#8217;t have all the answers, but\u00a0<span style=\"text-decoration: underline;\"><strong>w<\/strong><\/span><span style=\"text-decoration: underline;\"><strong>e do know that the plan is to raise the value.\u00a0<\/strong><\/span><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Frank26 (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0 Abadi is doing a wonderful job&#8230;and he is working with many other agencies that are international to rebuild his country&#8230;\u00a0<strong>the confusion that we saw is clearing up as we get closer and closer to the landing of this investment<\/strong>&#8230;\u00a0 They gave you Fallujah&#8230;then economic reforms everywhere at the speed of light&#8230;economic reforms are all over the place&#8230;<strong>let them give you Mosul&#8230;and then IMO&#8230;you will see the financial reforms.\u00a0<\/strong>\u00a0Let\u2019s talk real quickly about the MasterCard that was supposed to come out on the 2nd&#8230;where is it&#8230;\u00a0<strong>as far as the MasterCards, as far as Mosul&#8230;as far as anything else&#8230;they need to raise the value of their currency first&#8230;\u00a0<\/strong>\u00a0 [post 2 of 2]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Frank26 (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0 &#8230;the month of July IMO&#8230;was a coming together of many different parts&#8230;you have the IMF with Iraq&#8230;you have the United States with Iraq&#8230;<strong>you have the US with many different countries in what they are trying to do with trade&#8230;you have the banking systems around the world who are literally salivating&#8230;every time they look in the direction of Iraq\u2026Why&#8230;you have a lot of countries and companies that are pouring in now and they weren\u2019t in years before&#8230;why<\/strong>&#8230;I mean every country that you can think of wants to come in and be a part of Iraq\u2019s future&#8230;but&#8230;at a program rate of 1166&#8230;\u00a0\u00a0 [post 1 of 2&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Kaperoni (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0 Article:\u00a0\u00a0 &#8220;<em>Continuing efforts to join the World Trade Organization<\/em>&#8221;\u00a0<strong>\u00a0This is good news.\u00a0 Remember,\u00a0<span style=\"text-decoration: underline;\">one of the conditions set a few years ago was the raise the value of the dinar prior to WTO accession.<\/span><\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Kaperoni (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0 [<em>Will Iraq have to get control of the MCP for the 90 days prior to a move in the dinar&#8217;s status<\/em>?]\u00a0<strong><span style=\"text-decoration: underline;\">\u00a0It is my understanding that the CBI will have to maintain the 2% spread for 90 days in order to get the green light from the IMF to move to Article VIII<\/span>.\u00a0<\/strong>\u00a0\u00a0 [<em>If the currency is listed on Forex, doesn&#8217;t that mean the dinar is now in Article VIII<\/em>?]\u00a0 Interesting question.\u00a0 I do not know if their is a direct relationship between participation in Forex and IMF Article VIII.\u00a0<strong>\u00a0IMO, moving to Forex is more than just floating the dinar, it would provide the alternative they need to the daily auctions.\u00a0<span style=\"text-decoration: underline;\">Keep in mind, the CBI can float their currency at anytime without Article VIII.<\/span><\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Adam Montana (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0\u00a0\u00a0[<em>&#8230;is there a \u00a0part of any \u00a0i.m.f. or world bank\u00a0contract or translations,\u00a0that \u00a0tells\u00a0central bank of \u00a0Iraq, that when they go electronic banking there must be a value \u00a0to the dinar.<\/em>..?]\u00a0 As much as I wish there were some kind of entity that\u00a0could force the CBI to put a specific value on the dinar,<strong>\u00a0I don&#8217;t believe anyone can force the CBI to do anything. Yes, there are influences and they will play nice with\u00a0what other financial entities want, because the end goal\u00a0is to be an internationally traded currency with a\u00a0respectable value!<\/strong>\u00a0 But nobody can &#8220;force&#8221; the CBI to do\u00a0anything. That&#8217;s a good thing, though, because just like they can&#8217;t\u00a0be forced to raise the value&#8230; they can&#8217;t be forced NOT\u00a0to raise the value.<br \/>\n______________________________________________________________<\/p>\n<h2 style=\"text-align: center;\"><span style=\"color: #008000;\"><strong>Dinar Updates \u201cAfter Call &#8211; LIVE\u201d!!<\/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;\">8\/05 &#8220;After Call&#8221; &#8211;\u00a0w\/RCookie,<br \/>\nMr White\u00a0&amp; Hutch<\/span><\/strong><\/em><\/h1>\n<h2 style=\"text-align: center;\"><strong><a href=\"http:\/\/d.pr\/a\/dKQR\" target=\"_blank\" rel=\"nofollow\">Smart phone user link \u2013 Click here<\/a><\/strong><\/h2>\n<p>______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Kaperoni (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0 [<em>What, if any, laws are needed before Iraq can move to Article VIII<\/em>?]\u00a0<strong>\u00a0I am not aware of any laws persay that need to be passed,\u00a0<span style=\"text-decoration: underline;\">only restrictions that exist in monetary policy that conflict with the guidelines of Article VIII under the IMF<\/span>.\u00a0<\/strong>\u00a0Once they are in compliance, I would expect the CBI and IMF will be working to transition.\u00a0\u00a0<strong>Under the IMF guidelines, central banks have to strive for Article VIII.<\/strong>\u00a0 [<em>To do this move, would the CBI have to remove all of the exchange restrictions<\/em>?]\u00a0\u00a0<strong><span style=\"text-decoration: underline;\">Yes.\u00a0 Article VIII is the ideal situation for Iraq which benefits them when it comes to international acceptance and convertibility.<\/span>\u00a0<\/strong>\u00a0Keep in mind, Article VIII and currency reform are two separate issues.\u00a0<span style=\"text-decoration: underline;\"><strong>\u00a0I believe the CBI will begin to reform the dinar via float and delete the zeros before Article VIII.<\/strong><\/span><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">tlm724 (Dinar Guru) &#8211; <\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0\u00a0<\/span>\u00a0Articles:\u00a0 &#8220;<em>Alusi demanding the president to dissolve parliament and form an emergency government<\/em>&#8221;\u00a0\u00a0 &#8220;<em>Nassif: Defense Minister to offer me a million dollars in exchange for the postponement of questioning for a week<\/em>&#8221;\u00a0\u00a0 Quote:\u00a0 &#8220;<em>I ask you and I ask all those responsible and sensible to dissolve parliament and to move the government of emergency and early elections.<\/em>&#8221;\u00a0\u00a0\u00a0 hmm could get ugly&#8230;<strong><span style=\"text-decoration: underline;\">that interrogation of Obeidi has stirred the pot big time. Nassif has accused him of trying to bribe her with a million dollars to delay the questioning.<\/span><\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Adam Montana (Dinar Guru) &#8211;<\/span>\u00a0<\/strong>\u00a0\u00a0<span style=\"text-decoration: underline;\">One thing we should all know about how a dramatic increase in\u00a0the value of the dinar will work is that nobody in Iraq (or anywhere\u00a0else for that matter!) will go into a bank or currency exchange with\u00a0dinar and then walk out with buckets or wheelbarrows full of\u00a0another currency.<\/span>\u00a0That&#8217;s not how it works! We will either have to\u00a0deposit it into their account, wire it to another account via their\u00a0bank, or perhaps we will get a cashiers check.\u00a0\u00a0<strong>\u00a0Iraq faced a major problem 10 years ago that would have single-handedly prevented the RV, even if it weren&#8217;t for the broken GOI and\u00a0everything else:\u00a0<span style=\"text-decoration: underline;\">Technology.<\/span>\u00a0Iraq did not have the technology to\u00a0do a mass conversion of their currency<\/strong>.<strong>\u00a0I am referring not only to\u00a0the lack of technology in their paper currency itself, which made it\u00a0easy to counterfeit, but also the technology in how their banks\u00a0talk to each other, share funds, or even participate in the auctions&#8230;<span style=\"text-decoration: underline;\">before ~2009 the ISX was basically done on chalkboards! \u00a0&#8230;but\u00a0this is no longer the case<\/span>.<\/strong>\u00a0Check this out:\u00a0\u00a0&#8220;<em>The central bank plans to activate the electronic systems to minimize the cash trading process<\/em>&#8221;\u00a0<strong>\u00a0..<span style=\"text-decoration: underline;\">.we are nearing the end of this\u00a0ride. SO MANY things are now out of the way, the path forward is\u00a0clearing up faster than a lot of people can believe, and we will see a\u00a0rise in the value!\u00a0\u00a0<\/span><\/strong>\u00a0[post 3 of 3]<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=\"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; Friday 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;\">Adam Montana (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a03. The news is showing more and more that Iraq is pushing to\u00a0get control of ISIS.\u00a0&#8230;<strong>I&#8217;ve even heard a few\u00a0comments about how ISIS must be &#8220;completely destroyed&#8221; before\u00a0an RV, but that&#8217;s just not true.<\/strong>\u00a0ISIS influence on the stability of Iraq is dwindling.\u00a0 4.\u00a0<strong>In a continuing effort to bring Iraq as a nation closer together,\u00a0we see more and more instances of the Kurds getting a larger\u00a0share of the money.<\/strong>\u00a0If you think back a couple years, you&#8217;ll\u00a0remember that the biggest obstacle to the HCL has always been\u00a0lack of cooperation from the Kurds, and for good reason. They\u00a0were getting screwed!\u00a0<strong><span style=\"text-decoration: underline;\">Since Abadi has taken the wheel, that has\u00a0changed. We are closer than ever to an HCL. It WILL happen.<\/span>\u00a0\u00a0<\/strong>I saved what may be the best for last&#8230;\u00a0<strong>\u00a0<\/strong>\u00a0[post\u00a02 of 3&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Adam Montana (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0 Here&#8217;s something I almost never do&#8230; a DATE! (Sort of.) Ready?\u00a0<span style=\"text-decoration: underline;\"><strong>September MAYBE, October I REALLY like.\u00a0<\/strong>\u00a0I could be wrong &#8211;\u00a0<strong>August is not completely ruled out\u00a0in my book,<\/strong><\/span>\u00a0but after doing these updates for so many years,\u00a0and studying Iraq and other countries like a hawk for an even\u00a0longer time&#8230; I think I have a good &#8220;feel&#8221; for the status. &#8230;these first 2 are the bad points. 1. It&#8217;s been my experience (and history\/news\/Google will back\u00a0this up with facts) that after Ramadan, they (Iraq) either have\u00a0things lined up and ready to reach a milestone&#8230;or they don&#8217;t.\u00a0<strong>\u00a0Let&#8217;s face it, nothing major came after this most recent Ramadan. It doesn&#8217;t concern me about an &#8220;eventual&#8221; increase in the IQD,\u00a0but I&#8217;m not going to expect it this week<\/strong>. 2. Remember what I was saying about &#8220;watch the oil&#8221; for the\u00a0HCL to grow legs? Oil dipped again. Where it was once on the\u00a0way back to a respectable $60ish range, it has dropped\u00a0back down below $40 again.\u00a0<strong>\u00a0Oil will go back up, and the HCL will get\u00a0moving again, but I doubt August is our month.<\/strong>\u00a0\u00a0Now let&#8217;s talk about some positive stuff&#8230;\u00a0[post 1 of 3&#8230;.stay tuned]<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">rcookie (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0\u00a0 Article:\u00a0 &#8220;<em>Dinar on raising the money supply in the size of banks<\/em>&#8221;\u00a0\u00a0 Quote:\u00a0 &#8220;<em>Currency market and called on the central bank to the registration of the Iraqi dinar in the foreign exchange market<\/em>&#8230;&#8221;\u00a0 HUGE INFORMATION IN HERE&#8230;HUGE!\u00a0<span style=\"text-decoration: underline;\"><strong>\u00a0CBI TO REGISTER IRAQI DINAR ON FOREIGN EXCHANGE MARKET!<\/strong><\/span>\u00a0\u00a0<strong>FORM A JOINT STOCK COMPANY FOR THE MANAGEMENT OF ELECTRONIC TRADING &amp; ISSUING SMART CARDS<\/strong>ESPECIALLY DUE TO THE SHORTAGE OF CERTAIN NOTES LIKE THE 25K RESULTING FROM SMUGGLING&#8230;THEY ARE CITING THE SUCCESSFUL PROGRAM TEMPLATE OF THE KUWAITIS&#8230; TOWARD THIS MATTER!<br \/>\n______________________________________________________________<\/p>\n<h2><span style=\"color: #000080;\"><strong>Iraqi Dinar\/Dollar auction (most recent listing) 08-03-16<\/strong><\/span><\/h2>\n<p><strong>Currency Auctions Announcement No. 3249<\/strong><\/p>\n<p>This daily currency auction was held in the Central Bank of Iraq on the 08-01-2016<\/p>\n<p><strong>The results were as follows:<\/strong><\/p>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"4\" align=\"center\">\n<tbody>\n<tr>\n<td bgcolor=\"#6699cc\">DETAILS<\/td>\n<td bgcolor=\"#6699cc\">NOTES<\/td>\n<\/tr>\n<tr>\n<td>Number of banks<\/td>\n<td>19<\/td>\n<\/tr>\n<tr>\n<td>Number of remittance companies<\/td>\n<td>0<\/td>\n<\/tr>\n<tr>\n<td>Auction price selling dinar \/ US$<\/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>24,188,000<\/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>24,188,000<\/td>\n<\/tr>\n<tr>\n<td>Total offers for selling (US$)<\/td>\n<td>&#8212;&#8211;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Currency Auctions Announcement No. 3250<\/strong><\/p>\n<p>This daily currency auction was held in the Central Bank of Iraq on the 08-02-2016<\/p>\n<p><strong>The results were as follows:<\/strong><\/p>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"4\" align=\"center\">\n<tbody>\n<tr>\n<td bgcolor=\"#6699cc\">DETAILS<\/td>\n<td bgcolor=\"#6699cc\">NOTES<\/td>\n<\/tr>\n<tr>\n<td>Number of banks<\/td>\n<td>32<\/td>\n<\/tr>\n<tr>\n<td>Number of remittance companies<\/td>\n<td>16<\/td>\n<\/tr>\n<tr>\n<td>Auction price selling dinar \/ US$<\/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>135,343,529<\/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>135,343,529<\/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;\">Bruce (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0 Redemption centers are quiet. They are on blackout. Some that we know of, so probably all are ready for notifications.\u00a0<strong>We believe that all are on an any moment basis.\u00a0<\/strong>We heard this from many sources. We are not calling it, we are just telling you to the best of our ability that this is what we have been told that this is where we are.\u00a0 I&#8217;m excited, but I&#8217;m cautious about making you all too excited. I&#8217;ve been affected by this over 12 years. I&#8217;m frustrated as well. But we are all in the same boat.\u00a0<strong>\u00a0We will all receive the blessing together. We all go at the same time.\u00a0<\/strong>Rates &#8211; my position has always been not to put out rates&#8230;rates could change up or down, at any moment.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Bondlady (Dinar Guru) &#8211;<\/span><\/strong>\u00a0 Article: \u00a0&#8220;<em>Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar<\/em>&#8221;\u00a0 \u00a0&#8230;people are still sitting on their dinars, the CBI needs the majority of those dinars back, if the people won&#8217;t do it on their own,\u00a0<strong>I wonder if the prices aren&#8217;t being manipulated, making things cost more money by making the dinar even less attractive and causing them to use more dinars for there purchases&#8230; end result would be the same just not as quick imo.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">rcookie (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0\u00a0\u00a0<strong>&#8230;PARLIAMENTS CONTINUATION OF OBEIDI&#8217;S CLOSED DOOR QUESTIONING SESSION IS OFF UNTIL NEXT TUESDAY THE 9TH<\/strong>&#8230;MANY WERE IN THE OBEIDI CLOSED DOOR SESSION&#8230;<strong>THE HOLDUP IS THE UNDERPINNINGS OF ADDRESSING CORRUPTION AND ESTABLISHING INSTITUTIONAL STABILITY THROUGHOUT IRAQ&#8230;<span style=\"text-decoration: underline;\">INCLUDING&#8230;SECURITY&#8230; LEGISLATIVE&#8230;JUDICIAL AND ECONOMIC&#8230;<\/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______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Kaperoni (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 &#8220;<em>Dinar on raising the money supply in the size of banks<\/em>&#8221;\u00a0 Quote:\u00a0\u00a0\u00a0&#8220;<em>&#8230;called on the central bank to the registration of the Iraqi dinar in the foreign exchange market,&#8230;<\/em>&#8221;\u00a0\u00a0\u00a0<strong>\u00a0<\/strong>Bingo!\u00a0\u00a0<strong>For those who don&#8217;t know&#8230;the foreign exchange market is Forex.\u00a0<span style=\"text-decoration: underline;\">\u00a0So they are ask the CBI to list the Dinar on the Forex for trading.<\/span>\u00a0 Which is exactly what we want&#8230;<span style=\"text-decoration: underline;\">time to float the dinar and let the world market set the value.<\/span><\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">ADMINBILL (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0 HERE IS WHERE I THINK WE ARE AT 1:40PM MDT TUESDAY AFTERNOON.\u00a0<strong>I BELIEVE WE ARE IN THE PROCESS WHICH INCORPORATES THE CURRENCY AND THE BONDS.\u00a0<\/strong>\u00a0I BELIEVE THAT THE BOND TRANSACTIONS ARE WHAT HAS BEEN HOLDING THE PROCESS UP BUT THAT IS A DONE DEAL NOW.\u00a0<strong>\u00a0I BELIEVE THAT THE CURRENCY MUST PRECEDE THE BONDS TO SUPPORT BOND REDEMPTION OR, AT THE VERY LEAST, GO AT THE SAME TIME.<\/strong>\u00a0 I DO NOT BELIEVE THE BONDS CAN PRECEDE THE CURRENCY.<strong>\u00a0I FURTHER BELIEVE THAT WE MUST BE NEAR WITH THE CURRENT PUBLIC BOND DISCUSSIONS<\/strong>&#8230;MY OPINION ONLY.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">Shredd (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 &#8220;<em>Dollar rises again .. specialists are demanding the central bank to clarify the reason for the low value of the dinar<\/em>&#8221;\u00a0 With the money supply reducing and the economic growth trending, along with laws continually being implemented and the demand for Iraq&#8217;s oil as well as the continued support from her allies during the recent fluctuation in oil prices,\u00a0<span style=\"text-decoration: underline;\"><strong>there needs to be a growing urgency for the dinar to more closely represent it&#8217;s true value.<\/strong><\/span><br \/>\n______________________________________________________________<\/p>\n<h1><span style=\"color: #800000;\"><strong>E-Currency<\/strong><\/span><\/h1>\n<p><strong>Yasser incumbent &#8211;\u00a0<\/strong>Received a seminar \u00ab the introduction of the electronic currency trading and cash deal\u00bb the economic importance of direct and semantic interest group of business and finance experts and economists and interacted with the event organized by the progress of policy development institute and as usual in the selection of sensitive topics related to seek the requirements of economic reform efforts by the Central Bank of Iraq on the path of preparation to announce the date of implementation of this advanced program in the world for the daily market transactions where the Governor of the Central Bank announced the date of the implementation of the program during 2017&#8230;<\/p>\n<p><em><strong>Read More: <a href=\"http:\/\/www.dinarupdates.com\/blog\/\" target=\"_blank\">http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/p>\n<p>______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">firefly (Dinar Guru) &#8211;<\/span><\/strong>\u00a0 Reuters Article quote:\u00a0 &#8220;<em>Ahli United Bank (AUB), Bahrain&#8217;s largest lender, has raised its stake in Commercial Bank of Iraq to 64.71 percent, according to a stock exchange statement.\u00a0 AUB purchased a 10 percent stake in Commercial Bank of Iraq<\/em>&#8230;&#8221;\u00a0<strong>\u00a0Reuters!!!\u00a0AUB purchased 25 billion additional shares in the bank<\/strong>. It did not mention the price AUB paid for the shares.\u00a0\u00a0 In addition to Iraq, AUB has a presence in Kuwait, Egypt, Libya, Oman and Britain.<br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">rcookie (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 &#8220;<em>Defense Minister accused of involvement in corruption-Jubouri<\/em>&#8221;\u00a0\u00a0<strong>\u00a0ABADI IS KNEE DEEP IN COMMITTEE TO INVESTIGATE CORRUPTION IN ARMS DEALS AND CONTRACTS.<\/strong>..\u00a0 Quote:\u00a0\u00a0<strong>\u00a0<\/strong>&#8220;&#8230;<em>the parliament session yesterday that saw the questioning of the Minister of Defense was an important turning point in the history of the Iraqi Council of Representatives for being strengthened oversight role of the legislative authority.<\/em>&#8221;\u00a0\u00a0<strong>\u00a0SO&#8230;THE MERE FACT THAT A MAJOR ACTOR LIKE OBEIDI WAS BROUGHT TO PARLIAMENT YESTERDAY TO FACE QUESTIONING &#8230;UNDERSCORES AND STRENGTHENS THE COUNCIL OF REPRESENTATIVES OVERSIGHT ROLE OF THE LEGISLATIVE BODY<\/strong>&#8230;JUST GETTING THEIR MINDS RIGHT AS TO THE CHAIN OF COMMAND&#8230;<strong>NEW AREA OF TRANSPARENCY&#8230; ACCOUNTABILITY TOWARD TACKLING CORRUPTION REGARDLESS OF POSITION OR TITLE&#8230;<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">mike (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0 Article:\u00a0 &#8220;<em>House of Representatives questioned the Minister of Defense , headed by Vice President Sheikh Mohammed Iaram<\/em>&#8221;\u00a0\u00a0\u00a0\u00a0&#8230;the political circus is still going strong. They got rid of the Interior Minister and<strong>\u00a0now they&#8217;re going after the Sunni Defense Minister who&#8217;s throwing shade at Jabouri, the Sunni Speaker of the House.<\/strong>\u00a0If they keep up, there won&#8217;t be anyone left in Parliament to throw shoes at.\u00a0<strong>The other thing&#8230;Parliament&#8217;s out until August 9th, another week off after they just got back from vacation.\u00a0\u00a0<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><span style=\"color: #800000;\"><strong>RCookie NEWS Recap<\/strong><\/span><br \/>\n<span style=\"color: #800000;\"><em><strong>(from) MONDAY August 1st, 2016<\/strong><\/em><\/span><\/p>\n<p><strong>PARLIAMENT<\/strong><\/p>\n<p>SECURITY AND INTELLIGENCE COMMITTEE QUESTIONS OBEIDI TODAY IN CLOSED DOOR SESSION\u2026.PARL VOTED ON BAATH PARTY LAW, CANDIDATES FOR FEDERAL PUBLIC SERVICES BOARD, LAW OF VICTIMS OF JUSTICE COMPENSATION, DRAFT OF ACCESSION TO AFRICAN EURASIAN WATERFOWL, AND DISCUSS CANCELLATION OF REVOLUTIONARY RESOLUTION COMMAND COUNCIL ACT, TAKE CARE OF MINORS LAW NO.78 AND 1ST DRAFT LAW ANTIQUITIES &amp; WORLD HERITAGE IN FRONT OF 182 DEPUTIES.\u2026JABOURI STATES OBEIDI TIRADE &amp; ACCUSATIONS IN PARLIAMENT SESSION WAS THEATRICS TO AVOID &amp; DISTRACT FROM FURTHER QUESTIONING &amp; ABADI ASSERTS INTENTION TO LAUNCH INTEGRITY INVESTIGATION TO DISPELL ARMS &amp; WEAPONS CONTRACT CORRUPTION FILES WITH JABOURI EVEN OFFERING TO RESIGN AND RESUME SESSION ON TUESDAY THE 9TH\u2026JABOURI THREATENING TO RELEASE FULL VERSION OF AUDIO\/VIDEO QUESTIONING OF OBEIDI IN RESPONSE TO OBEIDI ACCUSATIONS TODAY UNEDITED FULL COLOR VERSION\u2026AMERI WELCOMES NOMINATION OF ARAJI FOR INTERIOR MINISTER WITH APPROVAL OF BLOCS\u2026PARLIAMENT FINANCE COMMITTEE ELECTS AL-HALBUSI AS CHAIRMAN\u2026INTERIOR MINISTRY AND INSPECTOR GENERAL &amp; DIRECTOR GENERAL ANNOUNCES FORMATION OF SPECIAL OPERATIONS STRIKE FORCE TO REVIEW AND PROSECUTE CORRUPTION WITHIN MINISTRY\u2026JABOURI SACKS SECRETARY GENERAL OF COUNCIL OF REPRESENTATIVES NAME AS PART OF REFORM INITIATIVES WITHIN LEGISLATION\u2026NATIONAL ALLIANCE CALLS FOR PROFESSIONAL DEALING WITH ACCOUNTABILITY &amp; JUSTICE DECISION\u2026JABOURI CONFIRMS SIGNATURES NECESSARY FOR CONDUCTING EMERGENCY SESSION OF PARLIAMENT TOMORROW\u2026VOTE POSTPONED TO CHALLENGE JUDGEMENT AND DECISIONS OF \u201cREAL PROPERTY LAW\u201d\u2026<\/p>\n<p><em><strong>Read More: <a href=\"http:\/\/www.dinarupdates.com\/blog\/\" target=\"_blank\">http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">firefly (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0\u00a0<strong><span style=\"text-decoration: underline;\">Rasheed bank stated they cannot issue Mastercards without the deletion of the zeros<\/span>&#8230;<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">rcookie (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0\u00a0 Article:\u00a0 &#8220;<em>CBI gives, government banks until next September, to adapt itself to electronic systems<\/em>&#8221;\u00a0\u00a0<strong><span style=\"text-decoration: underline;\">\u00a0CBI ISSUES STATEMENT GIVING BANKS UNTIL SEPTEMBER\u00a0<\/span>TO ADAPT &amp; IMPLEMENT ELECTRONIC TRADING SYSTEMS TO ADDRESS CASH CIRCULATION PROBLEMS (LIQUIDITY)&#8230;<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">mike (Dinar Guru) &#8211;<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 &#8220;<em>Iraq&#8217;s oil exports rise 3.2 million barrels in July<\/em>&#8221;\u00a0<strong>\u00a0 3.2 mbpd multiplied by roughly $40 bucks a barrel gets Iraq a skosh over $3.8 billion a month in earnings&#8230;<\/strong><strong>they&#8217;re not even making enough to make payroll. \u00a0\u00a0<\/strong>Add in the war on ISIL, infrastructure expenses and a bunch of other stuff and\u00a0<strong>these guys aren&#8217;t in a good place financially.<\/strong><br \/>\n______________________________________________________________<\/p>\n<p><strong><span style=\"color: #c23b3b;\">firefly (Dinar Guru) &#8211;<\/span><\/strong><span style=\"color: #c23b3b;\">\u00a0<\/span>\u00a0\u00a0<strong>Expecting a lot of forward movement!\u00a0\u00a0<\/strong>Things are moving along quite nicely.<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!! This is a good place to start &hellip; <a href=\"https:\/\/dinarupdates.com\/observer\/?p=12494\">Continue reading <span class=\"meta-nav\">&rarr;<\/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-12494","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-3fw","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/12494","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=12494"}],"version-history":[{"count":4,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/12494\/revisions"}],"predecessor-version":[{"id":12496,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/12494\/revisions\/12496"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}