{"id":12676,"date":"2016-09-16T08:49:08","date_gmt":"2016-09-16T13:49:08","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=12676"},"modified":"2016-09-16T09:01:08","modified_gmt":"2016-09-16T14:01:08","slug":"dinar-observer-daily-september-16th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=12676","title":{"rendered":"DINAR OBSERVER DAILY September 16th"},"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>\n1328.213<\/td>\n1327.549<\/td>\n<\/tr>\n
British pound<\/td>\nGBP<\/td>\n1581.634<\/td>\n1580.843<\/td>\n<\/tr>\n
Canadian dollar<\/td>\nCAD<\/td>\n916.634<\/td>\n916.176<\/td>\n<\/tr>\n
Swiss franc<\/td>\nCHF<\/td>\n1220.570<\/td>\n1219.960<\/td>\n<\/tr>\n
Swedish krona<\/td>\nSEK<\/td>\n139.657<\/td>\n139.587<\/td>\n<\/tr>\n
Norwegian krone<\/td>\nNOK<\/td>\n144.460<\/td>\n144.388<\/td>\n<\/tr>\n
Danish krone<\/td>\nDKK<\/td>\n178.426<\/td>\n178.337<\/td>\n<\/tr>\n
Japanese yen<\/td>\nJPY<\/td>\n11.651<\/td>\n11.645<\/td>\n<\/tr>\n
Special
\nDrawing Rights<\/td>\n		SDR<\/td>\n1658.819<\/td>\n1657.989<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

Indicative rates – 09.16.2016<\/strong><\/h2>\n

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Just Because You’re Offended, Doesn’t Mean You’re Right. – Unkown<\/em><\/span><\/h1>\n

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

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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

\"follow<\/a>Don’t MISS – “DU NEWS TIME” w\/BGG and Co.\u00a0<\/span><\/strong>in the DU CHAT ROOM – Sunday 7:30pm EST<\/span><\/strong><\/h2>\n

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

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Central Bank: No category million dollars and we deal<\/strong><\/span><\/h2>\n

\"28534\"<\/a>Long-Presse \/ Baghdad –\u00a0<\/strong>It said an informed source at the Central Bank of Iraq, on Wednesday, that there is no currency of one million dollars a category, and among that this currency is real and may be used to waddle or games, he stressed that a higher currency Bank deals with are a class of ($ 100).
\nThe source said in an interview (Amdy Press), said that “the trading day in the Iraqi market and among the citizens of the existence of a class coin (one million dollars), is not true and there is no such a category,” he said, “that category may be for the purposes of Strutting ( gift), or used for the Games. ”<\/p>\n

The source, who not to be named, said, “The Central Bank does not deal with that group, and that the highest category in the dollar coin is ($ 100), so the Central Bank does not deal with that category one million dollars because that does not exist.”
\nAnd circulation of citizens and the Iraqi market news for the currency of the category million people exchanged presence as part of a new currency will be worked out in the country.<\/p>\n

Article Link<\/a><\/strong><\/em><\/h2>\n

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Enorrste (Dinar Guru) – <\/span><\/strong>\u00a0\u00a0 I might add one more point: \u00a0by using this strategy the need for the issuance of the 100,000 dinar note is eliminated.\u00a0<\/strong>\u00a0Originally this note was going to be introduced so that the 25000 dinar notes hidden in mattresses could be drawn out. \u00a0However, that is only a false ameliorative, since those 4 25000 dinar notes would still be replaced with another dinar note (although larger). \u00a0However, through this new strategy of exchanging dinar at 1200 per dollar the large 25000 dinar notes can be drawn out of the mattresses WITHOUT replacing them with other dinar notes, thus allowing a direct reduction in the money supply<\/span>.<\/strong>\u00a0 [post 3 of 3]
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Enorrste (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0As the dinars in mattresses are removed and sent to the CBI through these major banks they can be destroyed, thus allowing the CBI to reduce the money supply. \u00a0Remember, they have to reduce it gradually as the value of the dinar rises.<\/span><\/strong>\u00a0\u00a0The reduction is enormous, from 40 trillion dinar to 40 billion dinar. \u00a0This is a part of the mechanism that will make this possible. \u00a0If the dinar in mattresses do not come out then the float cannot begin or, if it does begin, there will not be enough upward pressure to raise its value UNTIL the mattress money is removed. \u00a0Thus this move by these two major banks (initiated by the IMF) will help to kick-start that removal process.<\/strong><\/span>\u00a0\u00a0[post 2 of 3….stay tuned]
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Enorrste (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0Article:\u00a0 “The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed<\/em>”\u00a0\u00a0If these two major banks are now selling the dinar at 1200 per dollar what do you think will happen in the short term, especially since the street rate is 1290 per dollar?\u00a0The answer is two-fold: \u00a0first, this will put downward pressure on the street rate…to bring it in line with the official rate, or at least within 2% of that rate (a requirement of the IMF for entry into Article VIII)<\/span>; but secondly, and this has not yet been mentioned, the lower 1200 per dollar rate will quickly draw in large amounts of dinar from the mattresses of those who were frustrated because the street rate was so low compared to the official rate<\/strong>.\u00a0\u00a0This is the secondary but extremely important factor that will be necessary in order to move to a float<\/span><\/strong>.\u00a0\u00a0[post 1 of 3….stay tuned]
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Iraq:<\/span><\/h1>\n

Letter of Intent, Memorandum of Economic and Financial
\nPolicies, and Technical Memorandum of Understanding<\/h2>\n

122215-loi<\/a><\/center>
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Delta (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span>\u00a0I have some information about the IMF meeting with Iraq…it looks like we might have a window for the date of the currency reform or basically the revaluation of the dinar<\/strong><\/span>…I just read it in Arabic…there seems to be a window that the IMF has given Iraq…they told them you have to finish the Monetary Reform of your currency<\/strong>…the internet is not seeing this in Arabic…it says in Arabic they told them to finish the Monetary Reform…and the Economic Reforms before November<\/span>…<\/strong>
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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 …the information that is on the CBI website in Arabic makes it very clear…[Guru] DELTA translated it for us…and\u00a0it said very clearly…at this meeting the IMF told Iraq…look you\u2019ve done these things…but you have not done two things…if you want your loans…and that is what…articles are backing it up again…if you want your loans so you can complete your Economic Reforms…do the Monetary Reform<\/span>…if not…IMO we will come in and we will do everything.<\/strong>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0Article:\u00a0 “Rasheed Bank proceed to sell the dollar for travelers dinars 1200<\/em>”\u00a0\u00a0\u00a0This should quickly reduce the spread to within 2% as others follow to compete.<\/span>\u00a0\u00a0Again, the CBI is trying to get in compliance.\u00a0\u00a0<\/strong>This is great news to meet the IMF directive in the SBA.
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tlm724 (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 […does the B- rating concern you about our investment<\/em>?]\u00a0 \u00a0I think it’s a good rating and that rating is appropriate for Iraq given the current circumstances.\u00a0 Money is the incentive and Iraq will do whatever is needed to keep those funds moving and comply with the SBA.<\/strong>\u00a0 Finch is showing us that they are indeed flexible with this rating and it’s essentially up to Iraq to make the needed improvements… Security is improving with the march on to Mosul.\u00a0IF they actually reach a firm and implemented agreement with the Kurds with full participation from both sides this will increase their rating also.\u00a0All in all Iraq is on the right track.<\/strong>
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IRAQ<\/h1>\n

STAFF-MONITORED PROGRAM\u2014PRESS RELEASE; AND<\/span>
\n STAFF REPORT<\/span><\/h2>\n

cr1611<\/a><\/center>
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Kaperoni (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0\u00a0So we can see here that\u00a0the CBI is doing exactly what the IMF dictated.\u00a0\u00a0And they are moving closer to accepting the obligations (don’t know the date) of Article VIII.\u00a0 Which we all know Article VIII is the “key” to make the dinar internationally convertible and as a result would remove the dinar from the peg at that time and allow it to float<\/span>.<\/strong>\u00a0\u00a0\u00a0 IMO, they are moving towards the goals of early 2017 (remember the 3 notes the CBI wants to bring out!) \u00a0 Gotta love the line….”Such a move towards acceptance of the obligations under Article VIII of the IMF\u2019s Articles of Agreement will send a positive signal to the investor community<\/em>”\u00a0\u00a0It really is fantastic news because the IMF is not going to let the CBI and banking system stay closed to the world much longer.\u00a0 The plan is in action.<\/span>\u00a0\u00a0<\/strong>\u00a0 [post 2 of 2]
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Kaperoni (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0\u00a0\u00a0this should get us all excited…From the IMF SBA…:\u00a0<\/strong>\u00a0 “The authorities will gradually remove remaining exchange restrictions and multiple currency practice (MCP) (MEFP, 14).\u00a0Such a move towards acceptance of the obligations under Article VIII of the IMF\u2019s Articles of Agreement will send a positive signal to the investor community\u00a0<\/span>that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate<\/strong>.9 As a first step, the Council of Ministers will approve and introduce to parliament an amendment of the Investment Law, or the CBI will issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction (SB, Table 5), as recommended by a recent technical assistance mission of the IMF.\u00a0As a second step, the CBI will increase the sale of foreign exchange for valid current exchange transactions on the official market in order to reduce the spread between the official and parallel exchange rates\u00a0<\/span>(10). In particular, the CBI will, by the end of 2016, make the weekly limits on the purchase of cash at the weekly foreign currency auctions indicative, in the sense that any bank requiring additional cash for legitimate travel expenses for its clients will be able to obtain the required amount above these limits on the basis of appropriate documentation<\/strong>.<\/em>”\u00a0\u00a0 [post 1 of 2….stay tuned]
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Adam Montana (Dinar Guru) –<\/span>\u00a0\u00a0\u00a0<\/strong>[Does the Fitch rating need to get better before Iraq could RV, or would an RV increase Iraq’s Fitch rating<\/em>?]\u00a0\u00a0I did see that Iraq was given a B- or close to that recently? Over the last few years they have maintained a very consistent and very good quality rating, which tells us that they are pulling forward consistently. That’s better than what a lot of other countries have done! Just another reason to hang tight and root them on.<\/strong>
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Shredd\u00a0(Dinar Guru) –<\/span>\u00a0 \u00a0<\/strong>[…does the B- rating concern you about our investment? And does the rating have to improve to have the significant increase we’re looking for<\/em>?]\u00a0\u00a0Not at all. Increasing the rating will take significant time and impacts the interest paid on sovereign loans.\u00a0That said, because of the tremendous support Iraq continues to get, such as the soft loans, this is not having much of an impact.<\/span><\/strong>
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IRAQ<\/strong><\/span><\/h1>\n

FIRST AND SECOND REVIEWS OF THE STAFF-MONITORED PROGRAM AND REQUEST FOR A THREE-YEAR STAND-BY ARRANGEMENT\u2014PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ<\/span><\/h2>\n

cr16225<\/a><\/center>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0Article:\u00a0 “IMF thank Iraq on “fruitful cooperation and candor,” the first revision of the standby credit agreement<\/em>”\u00a0\u00a0\u00a0\u00a0I just love how the IMF works.\u00a0\u00a0It is clear, the SBA was the roadmap.\u00a0\u00a0And these subsequent meetings in Jordan check progress before the next installment loan.<\/span>\u00a0 It is very obvious, the CBI was behind on the conditions the SBA “plan” had for the banking system.\u00a0\u00a0So they get their orders and return to Iraq and have 30 or so days to get caught up before the next October meetings.\u00a0\u00a0\u00a0<\/span><\/strong>
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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0\u00a0 [Just to clarify things again. I thought an HCL law passage was or is not a factor into any implementation of an RV<\/em>.]\u00a0\u00a0\u00a0It’s not “mandatory”, but I place it high in my personal opinion of catalysts for the RV.\u00a0\u00a0\u00a0<\/strong>[In your opinion, do you feel that in this end 1\/4 of October Iraq will pull the RV trigger or do you feel it will be in 2017?\u00a0 I’m in the camp of 2017<\/em>.]\u00a0\u00a0I won’t give a date, but I’ve made it clear that I’m positive for progress in the coming weeks\/month.<\/strong>\u00a0 [Do you think most of will actually live long enough to see an actual RV<\/em>?]\u00a0\u00a0Yes.<\/strong>
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Mnt Goat (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0Won’t all the hedge funds and investors scoop up the currency and cause a rush on it<\/em>?\u00a0\u00a0Yes – I am told this may happen and the rate could go very high over a period of time. The float, however, will be a “fixed” float meaning it will have a limit.<\/strong>\u00a0They are not telling me the limit as it is sensitive information…of course.\u00a0But we did hear Dr Shabibi say in the past that the IQD could sustain up to a value of $16 USD per dinar.\u00a0<\/strong>This is all we know as FACTUAL and so I will not spread any rumors, hype or speculation on the future value of the dinar.\u00a0 No Rumors, No Hype, just the FACTS, as always!\u00a0\u00a0 [post 2 of 2]
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Mnt Goat (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 …THE ECONOMIC AND FINANCIAL REFORMS ARE ALMOST ALL COMPLETED…\u00a0\u00a0I am still on the path of window from Sept 1st 2016 to January 2017 to see a significant rise in the value of the IQD. I firmly expect to see between now and January to see the launching of the lower denominations (but no coins yet).<\/strong>\u00a0When the CBI does launch the new notes (lower denominations) the IQD value will not change. I repeat will not change and the swap (or exchange) by the citizens within Iraq will be a 1:1 meaning the value will be a swap of 1 dollar value for something worth one dollar value.\u00a0 I am being told by my CBI contact that if all goes according to plan we can expect a 90 cents to $1.17 USD rate change within a couple weeks after the newer notes are launched, but only when it is launched AND finally moved to the international exchanges. At this time the plan now is that the currency will be on a float and will no longer be stickily pegged to the USD (as it is today). Instead they plan to move it to a “basket of currencies”.\u00a0<\/strong>\u00a0 [post 1 of 2….stay tuned]
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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

\"follow<\/a>Don’t MISS – “DU NEWS TIME” w\/RCookie, Mr White & Hutch\u00a0<\/span><\/strong>in the DU CHAT ROOM – Thursday 7:30pm EST<\/span><\/strong><\/h2>\n

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

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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Not much to report today in Iraqi news or Dinar progress, but\u00a0I kind of expected that.\u00a0\u00a0…I’m leaning\u00a0on October to be a big month in our news. My primary reason for not expecting much out of this week is\u00a0their last long holiday of the year, Eid-al-Fitr…Eid-al-Fitr goes till Friday this week, and then we\u00a0don’t have any more long holidays in the immediate future<\/strong>… which hopefully means they will be getting some WORK done.
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Backdoc (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 […we have friends who have only VND. IYO, do you see them RVing any time soon or maybe next year<\/em>?]\u00a0\u00a0\u00a0\u00a0THEY ALL START THE RACE TOGETHER IMHO! CAN’T HAVE DOUBLE DIPPING BECAUSE IT WOULD DAMAGE THE CURRENCIES THAT GO AT A LATER DATE!\u00a0<\/strong>\u00a0IT WOULD INCREASE THEIR NOTE COUNT TOO MUCH.<\/strong>\u00a0 I BELIEVE IT WILL BE AN ASIAN SURPRISE! IMO.
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Islandg1211\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0\u00a0The obvious biggest question is when is the IMF requiring the CBI to RV<\/em>?\u00a0 Unfortunately, they don’t directly state that. They stated in their December 2015 LOI that they wanted Iraq to join the international community “by mid-year.”\u00a0Their June LOI states that the IMF wants the CBI to cut out their Multiple Currency Practices and move to Article VIII compliance – which requires the RV – “by the end of the year.”<\/span>\u00a0<\/strong>\u00a0The IMF is on top of exactly what Iraq is and is not getting done on time. That comes out through these articles on Friday’s meeting.\u00a0 [post 3 of 3]
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Dinar Updates \u201cAFTER CALL – LIVE\u201d!!<\/strong><\/span><\/h2>\n

\u201cDinar Q & A Call!!\u201d<\/span>
\nfrom Thurs – “After Call – LIVE”
\nw\/RCookie, Mr White & Hutch<\/span><\/strong><\/em><\/h1>\n

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

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Breitling\u00a0(Dinar Guru) –<\/span><\/strong>…There\u2019s an article taking about de-pegging from the US dollar.<\/strong>\u00a0 Ok just pure math.\u00a0\u00a0We know the US dollar dominate about 70% of the world\u2019s international trade.<\/span><\/strong>\u00a0 Just based on that math\u2026do you think that it would be a good idea for Iraq to de-peg itself from the most powerful currency that\u2019s ever existed on the face of the earth?<\/span><\/strong>\u00a0 Do you think that is a wise decision?\u00a0 Do you think the US treasury and US government setting up their currency\u2026we\u2019re the ones who got rid of their old currency and we\u2019re the ones to help setup their new currency\u2026do you think there is any room for that type of shenanigans?\u00a0 No there is not.\u00a0\u00a0I appreciate articles that come out but some of them are so obnoxious that they should be indicators all by themselves that the person who wrote that is completely off the wal<\/strong>l.\u00a0 They are not going to de-peg from the US dollar.\u00a0\u00a0This is not opinion at all\u2026the US dollar is getting stronger and stronger and stronger<\/span><\/strong>.
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0Article:\u00a0 “The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed<\/em>”\u00a0\u00a0\u00a0Quote:\u00a0\u00a0\u201c…the central bank boosted bank balance Rafidain and Rasheed dollar in order to direct the sale of hard currency from the dollar to citizens traveling outside of Iraq<\/em>.\u201d\u00a0\u00a0I like how the CBI has these meetings with the IMF and when they come home, they usually do something right away.\u00a0<\/span>Clearly the IMF told them last weekend, raise the minimum at the banks.<\/strong>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span>\u00a0Article:\u00a0 “The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed<\/em>”\u00a0\u00a0Quote:\u00a0 “The Iraqi Central Bank announced on Tuesday (September 6), the processing bank Rafidain and Rasheed exchange of foreign currency to the dollar expansion of cash sales outlets to citizens via their branches in the capital Baghdad and the provinces<\/em>.”\u00a0\u00a0\u00a0More good news.\u00a0\u00a0They are following the IMF concerns and liberalizing the foreign exchange.<\/span>\u00a0\u00a0<\/strong>
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Central bank: there is no process of converting $ 6 billion out of Iraq<\/span><\/h1>\n

\"cbi\"<\/a>BAGHDAD \/ obelisk:<\/strong> The Central Bank announced the absence of any transfer of $ 6 billion and $ 455 million operation to calculate Hamad al-Moussawi outside Iraq.<\/p>\n

According to the central bank sent the book to the Committee on Parliamentary Integrity, on 4 September 2016 to the absence of any transfer of $ 6 billion and $ 455 million outside Iraq to account Hamad al-Moussawi.<\/p>\n

He held the book signing bank governor agency.<\/p>\n

The leaked documents, indicated that al-Moussawi, fled the above amount to outside Iraq, and the issue was raised again by the Finance Minister Hoshyar Zebari said after the questioning session…<\/p>\n

Read More:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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Backdoc (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0<\/span>LOTS OF INFO BUT MOST OF MY STUDIES ARE TOO SENSITIVE TO TALK ABOUT.\u00a0\u00a0WE ALL KNOW HOW IRAQ REDUCED ITS NOTE COUNT BY DOING THE CURRENCY AUCTIONS BY SELLING\u00a0 DOLLARS AND PULLING IN DINAR.\u00a0\u00a0<\/strong>\u00a0THEY METHODICALLY DESTROYED THE PAPER THUS REDUCING THE NOTE COUNT!\u00a0\u00a0I LOVED SEEING THAT ARTICLE ON THE 7TH THAT STATED IRAQ HAD ENDED ITS INTERNATIONAL FINANCIAL MESSAGING SERVICE!\u00a0 YES A COMPLETION ON THE 7TH!\u00a0\u00a0<\/strong>OF COURSE THEY WERE BEING SNEAKY ON HOW THEY STATED IT BUT WE ALL KNOW THAT WAS THE SWIFT CODE RIGHT? RIGHT!\u00a0\u00a0THEY ARE NOW E-DINAR AS THEY SAID THEY WOULD BE!\u00a0 SO OBVIOUSLY THEY ARE NOW ON THE THE CIPS WHICH IS THE NEW DIGITAL PLATFORM WHICH CAN RUN BOTH!\u00a0<\/strong>\u00a0[post 1 of 2….stay tuned]
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Mailman17 (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0THEIR MAIN CONCERN IS WHATS INSIDE IRAQ, NOT OUTSIDE<\/span>.<\/strong>\u00a0WHAT WE HOLD IS NOTHING IN THE GRAND SCHEME OF THINGS AS THAT ALSO WILL FIND ITS WAY INTO OUR TREASURY AS OTHER COUNTRIES AS WELL.\u00a0SHABS [DR. SHABIBIS]\u00a0PLAN FROM DAY ONE WAS AND ALWAYS WILL BE ON PAR 1-1 AS HE HAS STATED MANY TIMES. A 1-1<\/span>\u00a0WITH IRAQ BACKING ONLY A SMALL % OF PHYSICAL DINAR IS VERY PLAUSIBLE, ESPECIALLY IN REGARDS TO OTHER ASSETS THEY HOLD OTHER THAN GOLD. REMEMBER PHOSPHORUS?<\/strong>\u00a0I DO THINK MOSUL IS A LOT FURTHER ALONG THAN REPORTS SHOW.\u00a0\u00a0IT IS THE LAST DOMINO IMO AND WE JUST WAIT FOR THE ANNOUNCEMENT. THEN I BELIEVE REFORMS WILL TAKE OFF ASAP.<\/strong>\u00a0AND I HATE TO BRING UP HISTORY, BUT IRAQS FINANCIALS AS REPORTED ARE QUESTIONABLE AT BEST AS THEY HAVE BEEN FOUND WITH 2 SETS OF BOOKS IN THE PAST. SOMETIMES WHAT YOU SEE ISNT ALWAYS WHAT IT IS. IRAQ IS READY…ARE YOU? I KNOW I AM…AS ALWAYS JMHO.\u00a0 [post 2 of 2]
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Mailman17 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 I DO AGREE WITH [GURU] BREITLING AS FAR AS IRAQ GETTING THE NOTE COUNT DOWN, BUT,\u00a0AS MUCH AS THE NOTE COUNT MATTERS, ITS WHAT REPRESENTS THE M2 THAT REALLY MATTERS IMO…THEIR M FACTOR REPRESENTS NOT ONLY PHYSICAL DINAR BUT DINAR ON THE BOOKS AS NUMBERS AND NOT ACTUAL PHYSICAL CURRENCY.<\/strong>\u00a0WE ALSO HAVE TO REMEMBER JUST HOW MUCH ACTUAL DINAR IS BEING HELD AS BACKUP CURRENCY BY OTHER NATIONS, ESPECIALLY THE PARIS CLUB. HISTORY TELLS US THE US ORIGINALLY LENT IRAQ 20 BILLION U.S.\u00a0IN LIEU OF DINAR.\u00a0 AT THAT TIME THE RATE WAS 4000-1. ADD IN THE OTHER MAJOR COUNTRIES, AND\u00a041 TRILLION ISNT THAT MUCH FOR IRAQ TO HANDLE BECAUSE THE MAJORITY OF THAT IS FOREIGN CURRENCY RESERVE FOR OTHER COUNTRIES<\/span>.<\/strong>\u00a0 [reference Guru Breitling post 9-13-2016]\u00a0 [post 1 of 2….stay tuned]
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Allawi: Keywords ineligible for the management of the Central Bank of Iraq<\/span><\/strong><\/h2>\n

\"alak\"<\/a><\/p>\n

Treasures Media \/<\/strong> Baghdad confirmed by former Secretary of Communications Mohammed Tawfiq Allawi , said Governor of the Central Bank of Iraq on the Keywords, does not know how the bank manages under these tough economic conditions, noting that \u201cIraq is moving toward a serious economic cliff…<\/p>\n

Read More:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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Breitling\u00a0(Dinar Guru) –<\/span><\/strong>…articles coming out with banks having problems giving people Iraqi dinar.<\/strong>\u00a0\u00a0Remember this is a two pronged attack.\u00a0<\/span><\/strong>\u00a0They are trying to reduce the dollar amount because the only way they can reduce the note count and add value to the currency<\/strong><\/span>\u2026is to make sure people aren\u2019t addicted to the US dollar\u2026so there is a balance there.\u00a0 We don\u2019t have enough information to calculate.\u00a0 At what point are they pulling dollars off?\u00a0 and at what point are they reducing the note count.\u00a0 And at what point are they more heavy than the other?\u00a0 We don\u2019t know.\u00a0 BUT we know what to look for and we know the key words they\u2019re saying and what it means for us…Between 80 and 85% of notes in Iraq are 25K notes and they say they have about 41 Trillion in dinar\u2026divide that up into 25K notes.\u00a0 and you\u2019ll figure out about what the note count is at.<\/strong>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 [any late news on the progress of the dinar<\/em>?]\u00a0\u00a0I am sure the next few days will be very revealing<\/strong>\u00a0– and…or I should say…the biggest news would have been the full context of the results of the IMF – Iraq meetings\/review in Amman, Jordan…as that news comes out – it will be interesting<\/strong><\/span>\u00a0and…we’ve got a few developments coming soon – GOOD STUFF.
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Breitling\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0…No.\u00a0 I\u2019m all about measure and I don\u2019t know how to measure that.\u00a0\u00a0It\u2019s very simple\u2026if you see someone and they have a car frame and it\u2019s just sitting there and they have an engine and it\u2019s just sitting there separate and they\u2019ve got wheels and they\u2019re separate\u2026you know they\u2019re building a car especially when you look at the parts<\/strong>\u2026you probably can tell what type of car they\u2019re building.\u00a0 Is it going to be a race car?\u00a0 Well if they\u2019re using race tires and an engine that\u2019s bigger than what everyone else\u2019s then it\u2019s pretty much going to be a race car right?\u00a0 So that\u2019s what we\u2019re looking at.\u00a0 That\u2019s the only thing I can go by.\u00a0 To me it sounds goofy when I have to use that type of example\u2026a lot of people got into the dinar because of intuition but I don\u2019t calculate by intuition.\u00a0 I don\u2019t believe in it.\u00a0 I don\u2019t believe in hope.\u00a0 I don\u2019t believe in any of that stuff.\u00a0 If I can\u2019t see it.\u00a0 I can\u2019t measure it.\u00a0 I can\u2019t invest in it.<\/span><\/strong>\u00a0 So you know this is an indicator but it\u2019s nothing that\u2019s measurable so you have to be very cautious when looking at it.\u00a0\u00a0 So very very good articles coming out. [post 2 of 2]
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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":"

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