{"id":12781,"date":"2016-10-09T11:05:53","date_gmt":"2016-10-09T16:05:53","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=12781"},"modified":"2016-10-09T11:11:33","modified_gmt":"2016-10-09T16:11:33","slug":"dinar-observer-daily-october-9th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=12781","title":{"rendered":"DINAR OBSERVER DAILY October 9th"},"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

______________________________________________________________<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
CURRENCY<\/td>\nCODE<\/td>\nSELL<\/td>\nBUY<\/td>\n<\/tr>\n
US dollar<\/td>\nUSD<\/td>\n1182.000<\/td>\n1180.000<\/td>\n<\/tr>\n
Euro<\/td>\nEUR<\/td>\n1322.067<\/td>\n1321.406<\/td>\n<\/tr>\n
British pound<\/td>\nGBP<\/td>\n1501.849<\/td>\n1501.098<\/td>\n<\/tr>\n
Canadian dollar<\/td>\nCAD<\/td>\n894.777<\/td>\n894.329<\/td>\n<\/tr>\n
Swiss franc<\/td>\nCHF<\/td>\n1208.095<\/td>\n1207.491<\/td>\n<\/tr>\n
Swedish krona<\/td>\nSEK<\/td>\n137.378<\/td>\n137.309<\/td>\n<\/tr>\n
Norwegian krone<\/td>\nNOK<\/td>\n146.998<\/td>\n146.925<\/td>\n<\/tr>\n
Danish krone<\/td>\nDKK<\/td>\n177.667<\/td>\n177.578<\/td>\n<\/tr>\n
Japanese yen<\/td>\nJPY<\/td>\n11.425<\/td>\n11.419<\/td>\n<\/tr>\n
Special
\nDrawing Rights<\/td>\n		SDR<\/td>\n1644.233<\/td>\n1643.411<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Indicative rates – 10.09.2016
\n<\/strong>
\n<\/strong>http:\/\/www.cbi.iq\/<\/a><\/strong><\/em><\/h2>\n

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The most important political office is that of private citizen. – Louis Brandeis<\/em><\/span><\/h1>\n

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

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Hutch (Dinar Guru) –\u00a0<\/span><\/strong>The lottery ticket people here need to get their heads out of the gutter… Lets say its 3.86 tomorrow morning….\u00a0the thing everyone is missing is, what about it be internationally traded? What about the banking laws needed for it to survive… remember, we will need time before the banks in the US ramps up and is ready to make exchanges.\u00a0<\/strong>Things to ponder.\u00a0Its really a good thing for us to understand ALL of the inner workings of what is going on, so we can benefit from all of their hard work of rebuilding a country.<\/strong>
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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 – Sun, Oct 9th 7:30pm EST<\/span><\/strong><\/h2>\n

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

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rcookie (Dinar Guru) –<\/span><\/strong>\u00a0 Article quote:\u00a0 “Said MP from the coalition of state law , Jassim Mohammed Jaafar, said Saturday that the prime minister Haidar al – Abbadi, adjourned the submission of candidates to the ministries after the tenth of Muharram holiday, noting that al – Abadi told the Kurds that they have candidates for the post of Minister of Finance<\/em>.”\u00a0\u00a0Abadi postpone the submission of candidates for the ministries … and Kurds disclose the names of candidates to the Ministry of Finance.<\/span><\/strong>
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Islandg1211 (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 …progress going on with productive talks and agreements between Abadi and Barzani.\u00a0The battle plans for Mosul and post liberation agreements were made.<\/span>\u00a0Kirkuk oil field agreement was made last month. Abadi has stated that oil and gas law is being worked out.\u00a0\u00a0 …<\/strong>announcement of the Kurds agreeing to hire Deloitte to conduct the oversight of the oil sales is very positive.<\/strong>\u00a0\u00a0Hopefully the Kurds agreement included their cooperation in getting the new ministers voted in and the quick passing of the needed laws.<\/strong><\/span>
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Islandg1211 (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0\u00a0WAR ON CORRUPTION:\u00a0 There is a lot of changes going on inside Iraq to stop the corruption.\u00a0Abadi has brought in international help to aid with transparency and\u00a0 accountability.\u00a0 …Kurdistan hired Deloitte to monitor their oil sales.\u00a0 One article stated that Iraq has been taken off the “Grey List” and is on the “White List” for international tax disclosure standards.\u00a0 UN brought in to help with corruption.<\/strong><\/span>\u00a0 Abadi is set to present his technocrat new ministers. This will very important to watch to see if he can finally get the GOI to approve his picks.\u00a0\u00a0Getting rid of ISIS in Mosul, replacing corrupt ministers with non-political professionals, bringing in professional experts from the U.S. and the UN to stop the hemmoraging of money and establish true transparency is all going on right now.<\/strong>
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Dinar Updates –\u00a0<\/strong><\/span>\u201cThe Big Question!!\u201d<\/span><\/strong><\/em>
\nTues – Oct 11th 7:00pm CST<\/span><\/strong><\/em>
\nw\/RCookie, Mr White & Hutch
\n641-715-3640 pin#528733<\/span><\/span><\/strong><\/em><\/h1>\n

from Oct 4th –\u00a0Smart phone user link \u2013 Click here<\/a><\/strong><\/h2>\n

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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article quote:\u00a0 “In Iraq, ‘all the pieces’ are now in place to take Mosul back from the Islamic State<\/span><\/em>…”
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Frank26 (Dinar Guru) –<\/strong><\/span> ARTICLE: \u201cThe catastrophic corruption between banks and companies in the sale of the American Dollar is coming to an end.<\/em>\u201d NINE EXAMPLES that CORRUPTION in IRAQ is being killed<\/strong>:
\n#1 — The policing of the United Nation groups, new laws, new banking systems being implemented.
\n#2 — The currency auctions are being monitored. That was the hole in the bottom of the ship.<\/strong>
\n#3 \u2013 No more false names \/ dead people \/ false companies, etc.
\n#4 \u2013 The USD needs to stop being used (MCP) \u2013 which has been used at the borders<\/strong>
\n#5 \u2013 No more false bills \/ PO\u2019s.
\n#6 \u2013 No false accounts…
\n#7 \u2013 No more diffusion of payments to false areas (building fake parks, etc).
\n#8 \u2013 The antiquated banking systems had to stop<\/strong>
\n#9 \u2013 No more false passports to transport IQD out of country. [post 1 of 2….stay tuned]
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Islandg1211 (Dinar Guru) –<\/strong> <\/span>Abadi said that the oil and gas agreement is going to take a few meetings to get everything worked out. Today’s announcement is the result of one aspect of the meeting getting worked out to everyone’s advantage. Was the RV ever going to happen without a fair system in place that the oil companies could trust? No<\/strong>. Two very important oil agreements have been made between Baghdad and Erbil. First was the agreement to split the disputed oil field. Then an undisclosed presumed agreement for post-ISIS Mosul. Now an independent auditor for the Kurds’ oil. This is looking very, very good for a completed oil agreement with the Kurds. <\/strong> [post 2 of 2]
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Iraqi Dinar\/Dollar auction (most recent listing) 10-09-16<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3293<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 10-09-2016<\/p>\n

The results were as follows:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
DETAILS<\/td>\nNOTES<\/td>\n<\/tr>\n
Number of banks<\/td>\n31<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n14<\/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$)<\/td>\n139,101,193<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n139,101,193<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/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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Islandg1211 (Dinar Guru) –<\/span> I wanted to highlight today’s news that Kurdistan has hired DeLoitte to be their oversight of their oil production.<\/strong> This comes after Barzani and Abadi’s meetings, and directly is related to an Oil and Gas law agreement.<\/strong> Baghdad has to have faith in the Kurd’s oil accounting. No more under reporting oil production. No more illegal sale of oil by the Kurds. Corruption has to stop. The citizen’s share of oil has to be fairly and correctly accounted for. Bringing in Deloitte is Huge!<\/strong> [post 1 of 2….stay tuned]
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Adam Montana (Dinar Guru) –<\/strong><\/span> [Everyone seems to be waiting for Iraqi to RV. With China now having SDR’s, the international emphasis seems to be on Asia. What are the odds that Vietnam or some other Asian country would RV first<\/em>? ] China is indeed something to watch, I’ve been paying attention to how that might affect things. So far… nothing big. <\/strong>And I don’t particularly think we have to worry about any other country doing something with their currency first – Iraq is very unique in it’s situation and ability to maintain a stronger rate based on their physical assets, including geographical location and natural resources.<\/strong>
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Frank26 (Dinar Guru) –<\/strong><\/span> ARTICLE: \u201cIraq has enormous economic potential<\/em>\u201d …the corruption that has choked off the monetary reforms is…being eradicated.<\/strong> …the US Treasury put their hands in CBI auctions. They are watching every penny. No more fictitious transfer garbage! No more paying false\/dead people. No more bad trades with street vendors. That should make you and I very happy. The stolen money will now be returned. A lot of money have been stolen …and IMO…THEY WON\u2019T GET MORE LOANS until they lift the value of their currency.<\/strong>
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Adam Montana (Dinar Guru) –<\/strong><\/span> And now let me top this all off with a little bit of sweetness… Article quote: “…Office of the Prime Minister said, that the issue of the Kurdistan Region’s share in the budget for fiscal 2017 will be resolved in the coming days.<\/em>” To me, that says…BOOOOOOM! We are 3 months from the end of the year.<\/strong> As I mentioned earlier, they probably felt a bit of a setback from the price of oil, which didn’t stabilize where they planned on it settling. Yet they are now talking about the next budget, with concrete(ish) deadlines for specific (and important) milestones. We are already seeing signs that the full Cabinet will be listed and possibly in place – you can bet that they are MUCH further “behind closed doors” than they are letting on – but we are seeing that this progress could happen as soon as this weekend, around 8th of October<\/strong>…we shall see. I’m hearing good things from my people… [post 3 of 3]
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Adam Montana (Dinar Guru) –<\/strong><\/span> Abadi’s New Government… This could also have a major impact on the progress (or lack of) we saw over the summer, and even last month.<\/strong> …Abadi did a HUGE staff change…but…some of the people he wanted to throw out or move to the side have dug their heels in pretty good, and this is yet another prime reason I think we saw things slow to a crawl over the past few months.Good news: In Tomorrow or Saturday’s session, Abadi is scheduled to give the final list of the new crew…this is a GREAT step for us. <\/strong>The government of Iraq, under Abadi’s new leadership, has proven to be immensely more stable than any time during the previous decade. Stability of the Iraqi Dinar…as reported by multiple sources…the trading price on the Dinar has maintained stability against the USD to within a couple percentage points. In fact, one could argue that it’s perhaps one of the strongest currencies in any market…The IQD has come an incredible and extraordinary distance in the face of many challenges. We don’t think they are done surprising people. <\/strong> [post 2 of 3….stay tuned]
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Adam Montana (Dinar Guru) –<\/strong><\/span> I had not hoped for much during September, but there is still a distinct glimmer of hope that we will see some action this month. <\/strong> Does that mean “RV”? Nobody can make that promise, but let’s talk about what we know…as we enter October: Over the summer…we saw a very disappointing DIP in the PPB (Price Per Barrel) around August. Bad news: The PPB is not at the $65 mark that Iraq set it’s budget at… Good news: Oil has came a long ways in the right direction for them, from ~$35 to the current ~$50. …an increase in the price of oil – or even a reasonable expectation of that – is good incentive for “The Iraqi Powers That Be” to flip the lid off the button and get ready to push it!<\/strong> [post 1 of 3….stay tuned]
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Iraqi Dinar\/Dollar auction (most recent listing) 10-06-16<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3292<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 10-06-2016<\/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>\n14<\/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$)<\/td>\n135,754,750<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n135,754,750<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/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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Frank26\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0 Is China bringing the strength that the IQD needs…or is the IQD bringing the strength to a basket that is filled with other currencies that the Chinese Yuan has just joined?\u00a0 IMO \u2013\u00a0I believe that the IQD will not be put into the basket, it will be used to support the basket.\u00a0 That is how powerful the IQD is.<\/strong>
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Jester (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0Today, the International Monetary Fund (IMF) announced the launch of the new Special Drawing Right (SDR) valuation basket including the Chinese renminbi (RMB), and the new currency amounts that will determine the value of the SDR during the new valuation period.\u00a0 THE NEW SDR IS HERE!<\/p>\n

BGG ~ That was already done – a few days ago!! (not that it matters)…<\/strong><\/em><\/span>
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Frank26 (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0 The ACCOUNTABILITY & JUSTICE LAW, and the NATIONAL RECONCILATION DAY…has EVERYTHING to do with the monetary reform of the IQD!\u00a0\u00a0The IMF gave them BEFORE NOVEMBER…if they wanted the LOANS…and now the BONDS.<\/strong><\/span>\u00a0 We are NOT deviating from that!\u00a0 US Congress will NOT back them up until they raise the value of their currency…Iraq is following the IMF \u2013 regardless of how long it takes.\u00a0 In my opinion, the GOI has less than 18 things they must accomplish.\u00a0 The CBI only has one thing to do…raise the value of their currency.\u00a0\u00a0\u00a0Inside…in my opinion…it will be 1 to 1 with the USD…but that is a neutral event INSIDE OF IRAQ…in my opinion, the lower denoms are in position, waiting for the value to give them life.\u00a0<\/strong>\u00a0 [post 2 of 2]
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Keywords: $ 50 billion in the country’s reserves of hard currency<\/span><\/h1>\n

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\nBAGHDAD \/ Tariq al – Araji<\/strong><\/p>\n

The following is the text of the interview:<\/strong><\/p>\n

Assured success in curbing inflation and keeping the economic situation of the country<\/strong><\/span><\/em><\/p>\n

The governor of the Iraqi Central Bank on the Keywords that the reserve is currently in the bank is estimated at $ 50 billion, adding that the IMF forecast was referring to a previous review, to drop up to ten billion dollars at this time of year. And articulated in an interview with the \u00abmorning\u00bb, the central bank ‘s success during the last term, to control the price of the dollar and curb inflation and maintain economic situation in spite of the financial situation is difficult the country has experienced during the last term.<\/strong><\/em><\/span><\/p>\n

The Central Bank transactions<\/strong> <\/span><\/p>\n

* Do deals CBI with people or companies as well as banks accredited?<\/strong><\/em><\/span>…<\/p>\n

Read More: www.DinarUpdates.com\/blog<\/a><\/strong><\/em>
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Frank26 (Dinar Guru) –<\/span>\u00a0\u00a0<\/strong>\u00a0Iraq went through a National Reconciliation Day…THAT WAS HUGE!!!\u00a0 Do you know what that is?\u00a0<\/strong>\u00a0That\u2019s like our 4th of July \u2013 on that day, they told the citizens that they have plans… Abadi received the full plan for the liberation of Mosul…Mosul is eminent… \u00a0National Reconciliation Day stands for unity, and on that day there was a lot of agreement within the GOI and what they said to the citizens.\u00a0 That they put up a front that IRAQ IS UNIFIED. The accountability and justice law is secondary to the amnesty laws.\u00a0 You are about to see them, and they are important because it brings Iraq together.\u00a0\u00a0I believe that tomorrow, Abadi\u2019s speech will talk about that<\/strong><\/span>.\u00a0 [post 1 of 2….stay tuned]
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rcookie (Dinar Guru) –<\/span><\/strong>\u00a0 \u00a0ABADI ANNOUNCED AWAY FROM CHAIRING COM REGULAR MEETING\u00a0THE REDUCTION OF DEFICIT IN 2017 BUDGET AFTER AMENDING TO BE $15 TRILLION IQD FROM 32 TRILLION IQD…AND\u00a0DELIVERS 1ST “EDIT MOSUL” RADIO ADDRESSMENT TO MOSUL CITIZENRY ANNOUNCING IRAQI FLAGS WILL BE FLYING OVER YOUR CITY SOON JUST AS PREVIOUS AREAS<\/span><\/strong>…ABADI ANNOUNCES THE PROBLEMS BETWEEN BAGHDAD & ERBIL WILL NOT ALL BE RESOLVED IN 1 OR 2 MEETINGS.
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Backdoc (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span>\u00a0Article:\u00a0 “Masum ratifies border crossings Commission Law”<\/em>\u00a0 Quote:\u00a0\u00a0 “The law ensures the smooth flow of work and the achievement of the entry of people and goods and to raise the level of service and border crossing points show the proper manner as interface Iraq,” stressing that “the law sent for publication in the Official Gazette<\/em>.”\u00a0\u00a0\u00a0AS I REMINDED YOU ALL RECENTLY THE LETTER OF INTENT REQUIRED THEM TO DO THIS NOW!\u00a0 CLEARLY THEY ARE FOLLOWING THE PLAYBOOK!\u00a0<\/strong>
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Parliament will hold its meeting tomorrow in the presence of al-Jaafari<\/span><\/h1>\n

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[Oan- Baghdad] –\u00a0<\/strong>Hold the House, its regular, on Thursday, in the presence of Foreign Minister Ibrahim al-Jaafari.<\/p>\n

And it includes the agenda of the meeting, according to the information department of the parliament “vote on the draft support doctors law, voting in principle to the draft second amendment to the law the abolition of the legal provisions that prohibit courts from hearing lawsuits No. 17 of 2005, the first reading of a proposal to protect the diversity and prevent discrimination law.”<\/p>\n

It also includes directing “an oral question to the Foreign Minister of MP Hanan al, and report and discuss the draft law of the government banks, and report and discuss the Iraqi National Paralympic Committee Act.”…<\/p>\n

Read More: www.DinarUpdates.com\/blog<\/a><\/strong><\/em>
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Backdoc (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span>\u00a0Article:\u00a0 “Masum ratifies border crossings Commission Law”<\/em>\u00a0 Quote:\u00a0\u00a0 “The law ensures the smooth flow of work and the achievement of the entry of people and goods and to raise the level of service and border crossing points show the proper manner as interface Iraq,” stressing that “the law sent for publication in the Official Gazette<\/em>.”\u00a0\u00a0\u00a0AS I REMINDED YOU ALL RECENTLY THE LETTER OF INTENT REQUIRED THEM TO DO THIS NOW!\u00a0 CLEARLY THEY ARE FOLLOWING THE PLAYBOOK!<\/strong>
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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0 \u00a0BONDS…in my opinion,\u00a0i<\/span><\/strong>t does appear that the USA will not back up the BONDS that the GOI wants to sell<\/span>.\u00a0Remember, back in December, the IMF told the GOI that they were going to help them \u2013 if they raised the value of their currency.\u00a0 Well, here we are<\/span><\/strong>…upon the prepuces of the monetary reform…and Abadi saying they have done everything…well…IF… you have done everything…they get LOANS don\u2019t they? \u00a0I have not seen the CBI website show me a new rate for the IQD.\u00a0 They have not changed it officially.\u00a0\u00a0<\/strong>DO THEY WANT THE LOANS…the 640 Million Dollar Loan.\u00a0\u00a0They will get that WHEN they raise the value of their currency…and if they don\u2019t…they won\u2019t get the BONDS.\u00a0<\/strong>\u00a0This is not bad news.\u00a0\u00a0<\/span>This is fantastic news!\u00a0<\/span><\/strong>
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Backdoc (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0Article:\u00a0 “Central: The dollar fell a natural reserve and we have enough to import a long time<\/em>”\u00a0 \u00a0Article quote:\u00a0 “Counting the Iraqi Central Bank on Tuesday reduced its reserves from the dollar, “a natural phenomenon” due to lower selling prices, and stressed that this decrease was “vain” and achieved “very important” economic purposes, social, and as pointed out that the current reserves “are sufficient to cover currency exporting and imports for a long time<\/em>…”\u00a0\u00a0THIS ARTICLE OF “ACTION” IS VERY TELLING INDEED!\u00a0 ALL OF THE SUDDEN THEY HAVE THE NEED TO DE-DOLLARIZE<\/strong>, HEE HEE. AHH BUT THOSE DOLLARS SEEMED TO SERVE THEIR PURPOSE DIDN’T THEY?\u00a0\u00a0WITH SOME TYPE OF ACTION TAKEN THERE SEEMS TO BE NO REASON TO HANG ON TO EXCESS DOLLARS THAT ARE GOING DOWN IN VALUE RIGHT?<\/strong>\u00a0HEE HEE.\u00a0 IT SEEMS THEY HAVE ENOUGH FOR A LONG TIME NOW! GOTTA LOVE THIS ARTICLE!\u00a0ACTIONS MEAN THINGS!<\/strong>\u00a0IMO.
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Dinar Updates \u201cAFTER CALL – LIVE\u201d!!<\/strong><\/span><\/h2>\n

\u201cDinar Q & A Call!!\u201d<\/span>
\nTues – Oct 4th 8:30pm EST<\/span><\/strong><\/em>
\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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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0…WF [Wells Fargo] has spent millions of dollars this year to put up some screens in their front lobby<\/strong>…and when you walk into WF, do you know what you see?\u00a0 These big TV screens \u2026\u00a0and do you know what is on them?\u00a0 Foreign Currency Rates.<\/strong>\u00a0 Why would WF even bother to spend millions of dollars to let you know what the rate is of foreign currencies?\u00a0 What, are they preparing for something?\u00a0\u00a0\u00a0Is the monetary reform coming to an end?\u00a0\u00a0 …this is an indicator… how fast and how far things are going along.\u00a0<\/strong>
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rcookie (Dinar Guru) – <\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “Financial inspector declares re 31 billion dinars to the state treasury<\/em>”\u00a0\u00a0 Quote:\u00a0\u00a0“…the Office of Inspector General of the Ministry of Finance was able to re amount of 31 billion dinars, the public treasury of the state for the benefit of, the impact of investigations, inspections and investigations rotating established by the Bureau during the first half of the current year<\/em>.”\u00a0\u00a0\u00a0SO 31 BILLION IQD RETURNED TO STATE ACCOUNTS IN 1ST 6 MONTHS OF 2016…<\/strong>
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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 The police action that has gone into Iraq from the UN has discovered that over 300 companies are involved in stealing out of Iraq\u2019s Central Bank.\u00a0\u00a0Isn\u2019t the IMF going ballistic because of this information<\/em>?\u00a0\u00a0 Oh yes!\u00a0 We are cleaning it all out \u2013 like a root canal.\u00a0\u00a0\u00a0Trillions have been traced\/stolen… if they bring those dinars back…wow!<\/strong>\u00a0\u00a0According to recent articles \u2013 the citizens are now trusting the banks in Iraq.\u00a0 That is important part of the monetary reform!\u00a0<\/strong>\u00a0So they\u2019ve taken them from a Black to a Gray to a White List.\u00a0you know what a white list means<\/em>?\u00a0It means that their banking structure has no restrictions on them.<\/strong>\u00a0\u00a0 [post 2 of 2]
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Economist: banking law ensures that the money deposited in state banks , even if stolen<\/span><\/h1>\n

Said economist Majid picture, that the Iraqi law guarantees citizens who deposit their money in the safety of government banks the money, even if they are stolen.<\/p>\n

He said that the picture of “Iraq has enormous economic potential and talking about the depletion in the economic life for him to correct his theories,” noting that “one of the best economic potential, which we are tourist traffic and the entry of foreign currency into the country and continuously increasing and this requires the Government to invest this side is actual”… (Special thanks to RCookie – BIG PIECE!!)<\/strong><\/em><\/p>\n

Read More: http:\/\/www.dinarupdates.com\/showthread.php?42063-Economist-banking-law-ensures-that-money-deposited-in-state-banks-even-if-stolen<\/a><\/strong><\/em>
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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0All Providences are preparing themselves to deal with the INTERNATIONAL world.\u00a0\u00a0…it\u2019s no longer about terrorism.\u00a0Iraq desperately wants to join the international world \u2013 but corruption is everywhere.<\/strong>\u00a0\u00a0Who\u2019s behind the corruption<\/em>?\u00a0\u00a0The ministers who have been stealing from parliament or the CBI through the auctions.\u00a0<\/strong>\u00a0Remember, the auctions used to be between 3 to 4 Million a day? Now these auctions are much, much lower.\u00a0Family members of the GOI and banks in other countries have been involved in stealing money<\/strong>.\u00a0The UN is looking at everything to help Iraq move into an International market place.\u00a0 The international world is looking inside of Iraq…to help them become international.\u00a0 The UN is there to provide discipline and stop the corruption…security teams with the UN are there.<\/span>\u00a0<\/strong>\u00a0[post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 […is there any part of you that feels the dinar will never reevaluate<\/em>]\u00a0\u00a0I am certain the dinar will rise as a result of opening the market economy. Do I fear a delay? Yes.<\/span>\u00a0 As long as Maliki can interfere delays can and probably will happen.<\/strong>
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rcookie (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 FYI…LOWER AUCTION SALES NOT CORRELATED WITH REDUCING NOTE COUNT<\/strong>…[Do the lower numbers over the last week or so tell us anything<\/em>?]\u00a0\u00a0YES…THAT THE UST HAS PUT ITS PIMP HAND DOWN IN THE CBI…BLACKLISTED 300 AUCTION ACTORS TODAY…<\/span><\/strong>
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These are the files of corruption investigated by the UN team in Iraq<\/span><\/h1>\n

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

Baghdad to Babylon 24 \/.<\/strong> . After decide to send international investigators to Iraq to investigate Iraq’s inability to investigate them, and caused the loss of more than by the United Nations to investigate corruption files big, that $ 800 billion, the detection of the most prominent files that will be (investigated)…<\/p>\n

Read More: www.DinarUpdates.com\/blog<\/a><\/strong><\/em>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0WHAT DID SHABIBI SAY WAS MOST IMPORTANT DETERMINANT TOWARD MONETARY REFORM<\/em>.\u00a0\u00a0\u00a01) inflation 2) corruption?\u00a0<\/span>\u00a0<\/strong>\u00a0Article quote:\u00a0 “Annual inflation index in Iraq decreased slightly by 0.2%<\/span>, during the period from August \/ August 2015 and up to the same month of 2016, while the monthly inflation index rose in August<\/em>.”\u00a0\u00a0So\u00a0if, as Dr Shabbibi said – it’s about inflation and corruption – these things are being dealt with directly…it appears they are making direct and rapid progress as per their agreements, directives and oversight from the IMF from the summer and before.\u00a0 It’s IN THE WORKS NOW!!<\/span><\/strong>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0[There are 5 sovereign Ministers for the GOI, 2 are filled. What’s the prospects of completing all 5 with the inclusion of the above ministers<\/em>?]\u00a0 \u00a0The filling of these positions is inevitable. When – may be another story… However, given their recent progress – I doubt there are any long term hold-up’s. I just don’t see it.<\/strong>
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rcookie (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0 …IRAQ STRUCK DEAL IN JULY TO COMPLETE MONETARY REFORMS INCLUDED IN 2017 BUDGET…WHICH THEY DID…AND US HAS NOT HELD ITS END OF THE BARGAIN AS FAR AS GUARANTEEING HALF OF THE BONDS…WHICH WERE IN THE 2016 BUDGET AS WELL AS THE PENDING 2017 BUDGET…THEY ARE SAYING THEY ARE GOING TO DELAY THE BONDS THAT WERE SCHEDULED TO BE LAUNCHED BEFORE END OF 2016 …TO EARLY 2017 BECAUSE US CONGRESS FAILING TO APPROVE<\/strong>…THAT WILL BECOME ANOTHER AMENDMENT TO 2016 BUDGET LAW THAT WILL HAVE TO BE ADDRESSED…\u00a0THE LOAN AFFECTS BUDGET EXECUTION…NOT CURRENCY REFORM<\/strong>…BOND DELAY AFFECTS THERE ABILITY TO EXECUTE THE BUDGET AND ADDRESS THE DEFICIT THRESHOLDS SET BY THE IMF…
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Deputy calls for Abadi in activating the memorandum of understanding on retrieving looted funds<\/strong><\/span><\/h2>\n

\"\"<\/p>\n

The Deputy called the National Alliance, Zaher Abadi, Sunday, Prime Minister Haider Abadi expedite operationalization of the memorandum of understanding with the United Nations development programme to recover looted funds in Iraq.<\/p>\n

Ibadi said in a statement today, the Prime activating the memorandum of understanding with the United Nations development programme for the recovery of looted funds and involving international investigators in major corruption files to access facts and exposing the names of spoilers involved in waste of public money in previous epochs of political governance in Iraq after 2003. “…<\/p>\n

Read More: www.DinarUpdates.com\/blog<\/a><\/strong><\/em>
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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 \u00a0[\u00a0I BELIEVE WE SAW ARTICLES THAT STATED IRAQ HAD NO MORE THAN 3 DAYS TO SHOW IT TO THE WORLD ONCE THEY ACTIVATED THE RATE<\/em>.]\u00a0\u00a0Yes…Also … In country they can make an announcement and not post a rate …Up to 3 days.<\/strong>
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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0Dr. Shabibi is no longer in Iraq…<\/strong>he\u2019s not in Baghdad…he\u2019s not in the Green Zone…he\u2019s not in the CBI…Dr. Shabibi lives in Europe… and he is actually no longer with the CBI…and he\u2019s not coming back…it is possible he might make a speech from somewhere else…but he does work with the IMF<\/span><\/strong>…but he\u2019s not coming back…<\/span>he\u2019s finishing up his work<\/span>.<\/strong>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0Mosul HAS NOT been liberated.<\/span>.. though it is likely a “foregone conclusion”<\/span><\/strong>\u00a0– some time ago, astute analysts have been saying the politics would be harder than the actual “battle” itself… and\u00a0it looks like they are getting very close to broad-based agreement on the subject<\/strong>.
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Iraq woes deepen amid charges of Maliki comeback plot<\/span><\/h1>\n

\"\"<\/p>\n

Iraqi Prime Minister Haider al-Abadi addresses the United Nations General Assembly in New York on September 22. Photo by Monika Graff\/UPI | License Photo<\/em><\/h4>\n

LONDON —<\/strong> Nuri al-Maliki, Iraq’s for\u00admer prime minister, has been accused of under\u00admining his successor, Haider al-Abadi, after allegedly engineering the dismiss\u00adal of a second senior government minister in the space of a month.<\/p>\n

Hoshyar Zebari, who held the fi\u00adnance portfolio, was dismissed in a parliamentary no-confidence vote in September that he claims was both unconstitutional and political\u00adly motivated. Zebari, a Kurd, said he believed the vote was part of a hid\u00adden political agenda “carried out by the State of Law parliamentary bloc, headed by Nuri al-Maliki.”<\/p>\n

He said in a statement that parlia\u00admentary Speaker Salim al-Jabouri had been complicit in what Zebari described as a “vindictive, short-sighted” decision that was clearly intended to narrow political agen\u00addas…<\/p>\n

Read More: www.DinarUpdates.com\/blog<\/a><\/strong><\/em>
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BGG (Dinar Guru) –<\/strong><\/span><\/strong>\u00a0\u00a0Article:\u00a0 “The Peshmerga under the command of al-Abadi and increase the budget of the Kurdistan<\/em>”\u00a0\u00a0 it appears this recent visit in Baghdad by the Kurds (which hasn’t happened in a long time)… went VERY well…(almost as a “side note” it appears they are hammering out a new Oil deal<\/span>… I would more expect it to be along the lines of the last, for expediencies sakes – “codified” in the next budget…) rather than a legit HCL… (which is fine)… it all works<\/strong>
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SteveI (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “A government official:\u00a0There is a shortage in the domestic market Dinars<\/strong><\/span><\/em>“<\/span>\u00a0\u00a0 Quote:\u00a0\u00a0\u00a0 “<\/span>the fiscal policy of the Iraqi government in general is facing a shortage of Iraqi dinars in the local market<\/em>.”\u00a0\u00a0\u00a0This problem is about to change in the very near future.<\/strong>\u00a0Hang in there.
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rcookie (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 [any news on parliament voting<\/em>?]\u00a0\u00a0\u00a0TUESDAY…JAAFARI QUESTIONING 9TH…ABADI’S MINISTERS INCLUDING FINANCE, DEFENSE AND INTERIOR NEXT WEEK…
\n<\/strong>
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Yuan joins IMF\u2019s elite reserve currency club in a milestone moment for China<\/span><\/h1>\n

\"Image<\/p>\n

The yuan becomes the fifth member of the prestigious SDR basket on Saturday, but more reforms are needed before it is a freely traded currency, say analysts<\/strong><\/h2>\n

China\u2019s yuan joins an elite group of reserve currencies created by the International Monetary Fund on Saturday in a move hailed as a milestone in the country\u2019s rise to global financial prominence.<\/p>\n

From tomorrow, the yuan, also known as the renminbi, will become the fifth member of the IMF\u2019s prestigious Special Drawing Rights (SDR) basket of currencies, alongside the US dollar, euro, Japanese yen and British pound.<\/p>\n

Analysts say it marks the beginning of a new era for the yuan, paving the way for its wider adoption in international trade and bolstering China\u2019s status as a key player in the global financial system…<\/p>\n

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

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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 I think the barrel of oil is going to go to somewhere around $120…for about three months and then come back down to $60….they would be out of trouble at the blink of an eye…this will fuel the budget<\/strong>\u2026And with ISIS not controlling oil any longer anywhere in the ME…and with the auctions now being controlled by the UN police…the days of ISIS are numbered…ISIS cannot sell any oil on the black market anymore…is this a coincidence…that the price is now going up when they are no longer in control of any oil….well would it be a coincidence if the Iraqi dinar were to go up when they are no longer in control of what they stole.\u00a0<\/strong>\u00a0Iraq set its oil ceiling and will prop up oil prices for the international market…you know why…so they can be in line with OPEC.\u00a0 [post 2 of 2]
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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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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0The price of oil was adjusted…and …amended into the budget and that helped tremendously…there was an adjustment of 90.22 trillion IQD…that is the $77 billion that was reduced<\/span><\/strong>…you should pay attention to these numbers that I am reading to you…you can go to the CBI website and look…they are expressing them in IQD\u2019s…that is huge<\/strong>…that makes the IMF really happy…\u00a0I also want to share with you is that OPEC has agreed to freeze their oil production…and just because they did that…it caused the barrel of oil to go up by $2.35<\/strong><\/span>…and it is going to continue and continue…\u00a0\u00a0 [post 1 of 2….stay tuned]
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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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Rcookie: ” WOW WOW WOW WOW!!” ” Just saw the Parliament agenda for tomorrow (today – Thurs). 1st item on agenda… INSERT DRUM ROLL.!!!! 1st reading Financial Management Law.<\/em><\/span><\/h2>\n

BOULYAAAAAAAAY!!!!!!!!!!!!!!!<\/p>\n

Right from the IMF letter of intent\/ MEFP\/TMU (see below)…<\/p>\n

Iraq:<\/span><\/h1>\n

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

06192016loi<\/a><\/center>
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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0…these UN groups…are watching the GOI bad guys…and the CBI bad guys…they are watching how things are being paid…they are really eyeballing every movement…every step…of the CBI auctions… because that is the main way that money has been stolen from Iraq<\/span><\/strong>…\u00a0\u00a0\u00a0The word is that things are moving along fast<\/strong>…even the budget was reduced… that was a huge factor that was talked about over in DC\/NYC…it was reduced by $77 billion.\u00a0\u00a0\u00a0…in the next two or three weeks let\u2019s see what happens to Abadi and the GOI and the CBI governorship and the new technocrats that will come in and what the UN report will be when they are done with what they are doing in Iraq<\/strong>….there is a lot of stuff that is going to come out in the next two weeks<\/span>.\u00a0 [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":"

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":[],"class_list":["post-12781","post","type-post","status-publish","format-standard","hentry","category-dinar-observer"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8gMgY-3k9","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/12781","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=12781"}],"version-history":[{"count":3,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/12781\/revisions"}],"predecessor-version":[{"id":12783,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/12781\/revisions\/12783"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}