{"id":13141,"date":"2017-01-04T19:53:55","date_gmt":"2017-01-05T01:53:55","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=13141"},"modified":"2017-01-04T19:53:55","modified_gmt":"2017-01-05T01:53:55","slug":"dinar-observer-daily-jan-4th-2","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=13141","title":{"rendered":"DINAR OBSERVER DAILY Jan. 4th"},"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

\"Image<\/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>\n1184.000<\/td>\n1182.000<\/td>\n<\/tr>\n
Euro<\/td>\nEUR<\/td>\n1229.584<\/td>\n1228.969<\/td>\n<\/tr>\n
British pound<\/td>\nGBP<\/td>\n1455.018<\/td>\n1454.290<\/td>\n<\/tr>\n
Canadian dollar<\/td>\nCAD<\/td>\n881.083<\/td>\n880.643<\/td>\n<\/tr>\n
Swiss franc<\/td>\nCHF<\/td>\n1150.073<\/td>\n1149.498<\/td>\n<\/tr>\n
Swedish krona<\/td>\nSEK<\/td>\n129.489<\/td>\n129.425<\/td>\n<\/tr>\n
Norwegian krone<\/td>\nNOK<\/td>\n136.601<\/td>\n136.532<\/td>\n<\/tr>\n
Danish krone<\/td>\nDKK<\/td>\n165.398<\/td>\n165.315<\/td>\n<\/tr>\n
Japanese yen<\/td>\nJPY<\/td>\n—–<\/td>\n—–<\/td>\n<\/tr>\n
Special
\nDrawing Rights<\/td>\n		SDR<\/td>\n1582.534<\/td>\n1581.743<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Indicative rates – 01.04.2017
\n<\/strong>
\nhttp:\/\/www.cbi.iq\/
\n<\/a><\/strong><\/em><\/h2>\n

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Those who expect to reap the blessings of freedom must, like men, undergo the fatigue of supporting it. – Thomas Paine<\/em><\/span><\/h1>\n

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

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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0\u00a0 “Central Iraq” supports the currency delete the “zeros” dinar<\/em>”\u00a0\u00a0 A couple of things… technically, Iraq does not need to be in Article VIII for currency reform. They can do that at anytime.<\/strong>\u00a0 …<\/strong>it is clear that the intent is to float the dinar or gradually raise the dinar over time which will raise the value of the dinar and raise the zeros.<\/u> The IMF made it very clear (referring to the Ballassa Samuelson Effect) in 2012, and the CBI stated just last year they plan to bring out a 50, 100, 200 early 2017. <\/strong>Both of these statements only make sense under the circumstances I am explaining. LOP’s affect all notes at the same time, would not need 10 years to transition, would counter all statements made a few years ago by Saleh (the dinar will be held around the world for a very long time, etc), etc. etc.
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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

\"follow<\/a>Don’t MISS – “NEWS TIME” w\/The DU FaceBook Crew – Jan 5th 7:30pm EST – In the DU CHAT Room!!<\/span><\/strong><\/h2>\n

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

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wmawhite (Dinar Guru) –<\/span><\/strong>\u00a0<\/span> They have laws that eventually need to be passed. However, none of those laws preclude a change in the value of the currency.<\/strong>\u00a0 Remember, nearly 21 months ago…March 3, 2015 the CBI announced that they had received the “green light” to move forward with the “Delete The Zeros Project.”\u00a0 nothing about needing any laws passed…this event is in process…it is not a single event. \u00a0Instead, it has many parts to it and the value change is only one part of the project that is needed up front.<\/strong>
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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 I have a good feeling about 2017, and it’s not because of a “feeling”… it’s a direct result of having watched this thing like a hawk for a few\u00a0long years and having compiled a “big picture” of where we are and\u00a0where we need to go.<\/u> <\/strong>Much of 2016 was hampered by ISIS. That’s just a fact. There was no\u00a0way Iraq could have successfully revalued their currency to a significant number with so many problems with ISIS. …two articles this morning…about Iraq’s resumed push into Mosul…both are positive about Iraq’s\u00a0current success and continued success. This WILL happen!<\/strong> My key focus towards the 2nd half of 2016 was HCL, and it continues\u00a0to be HCL.\u00a0\u00a0 Late December, Parliament set a specific date to start the “new”\u00a0legislations for the year. That date was January 2, 2017, as in 2 days ago. Can anyone guess what legislation I’m excited to see?\u00a0 You bet!\u00a0 …some of what Parliament covered on their first 2017 session…it’s almost glaringly obvious that this will affect the HCL<\/u>…<\/strong>
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Dinar Updates – <\/strong><\/span>\u201cDU News Call!!\u201d<\/span><\/strong><\/em>
\nThurs. nite – Jan 5th<\/span><\/strong><\/em>
\nw\/The DU FaceBook Crew<\/span><\/strong><\/em>!!
\n641-715-3640 pin#528733
\nor Click-N-Listen (link below)!!<\/span><\/span><\/strong><\/em><\/h1>\n

from Jan 3rd –\u00a0Smart phone user link \u2013 Click here<\/a><\/strong><\/h2>\n

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rcookie (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0 Article:\u00a0 “Low monthly inflation rates and the annual report in November<\/em>”\u00a0\u00a0 Quote:\u00a0 “Hindawi said that “inflation index for the month of November last dropped by 0.7%, compared to October of last month,<\/em>..”\u00a0\u00a0 INFLATION DOWN 0.7%\u00a0 IN NOVEMBER FROM OCTOBER…AND DOWN 1% FROM NOVEMBER 2015…\u00a0<\/strong> [And what did Shabibi say about inflation and monitiary reform<\/em>?]\u00a0 IT IS THE DETERMINANT…<\/strong>
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rcookie (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Economist suggests that the economic comprehensive methodology in 2017<\/em>”\u00a0 Quote:\u00a0 “Economic adviser and banker Samir Nasiri suggested the establishment of a Higher Council for the Department of Economic Affairs<\/em>…”\u00a0 \u00a0HERES A BEAUTY!…FROM…NASIRI… CALLING FOR A HIGHER COUNCIL FOR DEPARTMENT OF ECONOMIC AFFAIRS…AND INCREASE IN PER CAPITA INCOME AND PURCHASING POWER FOR CITIZENS… AND WANTS TO…TO TRANSITION FROM A “HYBRID” ECONOMY TO A MARKET ECONOMY<\/strong>…IN ORDER TO ACHIEVE ITS NDP GOALS THROUGH 2030 AS OUTLINED IN THE CONSTITUTION …AND DEVELOPMENT OF INTERNAL AND EXTERNAL TRADE TO BENEFIT ECONOMY…THEN FINISHES BY ADDING THE NEED TO RAISE PER CAPITA INCOME… PURCHASING POWER AND RAISE THE NATIONAL INCOME<\/strong>…(GDP)…WOW!…GREAT STUFF!
\n______________________________________________________________<\/p>\n

Dinar Updates – <\/strong><\/span>\u201cAfter Call!!\u201d<\/span><\/strong><\/em>
\nfrom Tues. nite – Jan 3rd<\/span><\/strong><\/em>
\nw\/RCookie, Mr White,
\nDaytrader and Hutch<\/span><\/strong><\/em>!!
\nClick-N-Listen (link below)!!<\/span><\/span><\/strong><\/em><\/h1>\n

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

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Loop (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span> Quote:\u00a0 \u00a0 “…to facilitate measures to ensure that the ultimate beneficiary if an ordinary citizen or a merchant, and in a transparent manner requires that banks disclose the previous Khovatha and filter regulators Notes to control the dollar was trading movement locally and abroad Ohz would clean reputation Banking Iraqi abroad and the correspondent banks and thereby restore confidence sector Iraqi banking locally and internationally<\/u><\/em>…”\u00a0 Why would they need to restore confidence in the international banking sector it they had no intentions on their currency being internationally recognized?<\/u>\u00a0\u00a0<\/strong> [post 2 of 2]
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RCookie (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Economist suggests that the economic comprehensive methodology in 2017<\/em>”\u00a0 Quote:\u00a0 “Economic adviser and banker Samir Nasiri suggested the establishment of a Higher Council for the Department of Economic Affairs<\/em>…”\u00a0 \u00a0HERES A BEAUTY!…FROM…NASIRI… CALLING FOR A HIGHER COUNCIL FOR DEPARTMENT OF ECONOMIC AFFAIRS…AND INCREASE IN PER CAPITA INCOME AND PURCHASING POWER FOR CITIZENS… AND WANTS TO…TO TRANSITION FROM A “HYBRID” ECONOMY TO A MARKET ECONOMY<\/strong>…IN ORDER TO ACHIEVE ITS NDP GOALS THROUGH 2030 AS OUTLINED IN THE CONSTITUTION …AND DEVELOPMENT OF INTERNAL AND EXTERNAL TRADE TO BENEFIT ECONOMY…THEN FINISHES BY ADDING THE NEED TO RAISE PER CAPITA INCOME… PURCHASING POWER AND RAISE THE NATIONAL INCOME<\/strong>…(GDP)…WOW!…GREAT STUFF!
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An invitation to support the dinar and the strengthening of its purchasing power<\/span><\/strong><\/h1>\n

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

BAGHDAD \/ Mustafa Hashimi –<\/strong> Strengthening of the local currency is a national task they represent the sovereignty of Iraq and preservation of state stimuli represents a great responsibility lies with the relevant authorities in the light of a series of challenges taking place in the country.<\/p>\n

Economic academic Dr. Essam Mahouelle called to be 2017 years to strengthen the dinar ‘s purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict foreign business dealings only in dollars…<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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Loop (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Alak has been sending the same message and really has not moved away from it for well over a year now.\u00a0\u00a0 He gave the green light to start the project to delete the zeros over the year ago.\u00a0<\/strong> Well before that they they pull the 50s off the street. Ask yourself why would a worthless note need to be pulled.\u00a0 Because of the new 50 that they were planning on release IMO.\u00a0<\/strong> THen they were white listed.\u00a0 There are so many bread crumbs that all point to the same thing.\u00a0 Here is one of Alak’s more recent quotes:\u00a0\u00a0 He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar.<\/em>\u00a0 HUGE HUGE HUGE \u00a0[and how do they accomplish that<\/em>?]\u00a0 THe deletion of those pesky zeors is how.\u00a0\u00a0<\/strong> [post 1 of 2….stay tuned]
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 [Can Iraq go international with their currency before the UNSC meets and officially releases the final two sanctions<\/em>?]\u00a0\u00a0 the assumption the “Iraq can GO international with their currency<\/em>” is a flawed viewpoint. They need this international support to do such a thing.\u00a0 Where would Iraq be if no one is willing to accept whatever change they put forth?\u00a0\u00a0 …they will get to do what they get support (and guidance) to do…they succeed thus far – because they are listening and doing.\u00a0<\/strong>\u00a0[Hope the UNSC meets soon to provide the clearance.<\/em>]\u00a0 The IMF and WB are much more important – the UNSC will be lucky if they exist in a year or two.<\/strong>
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Central Bank of Iraq supports the currency “delete the zeros” (from) the Dinar<\/strong><\/span><\/h2>\n

<\/p>\n

Revealed the Keywords Governor of the Central Bank of Iraq to delete the zeros of the Iraqi currency, he began to develop the first steps of the support of the Iraqi dinar project.<\/p>\n

Keywords and said in a statement, said that the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this strategic project will serve the country ‘s economy, as the dinar will be included in the global basket of currencies in the vital exchanges.<\/p>\n

He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017. He pointed out that the introduction of the new currency does not mean the destruction of ancient coins, but will continue to trade for about 10 years.<\/p>\n

Abmisr.com<\/em><\/h1>\n

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loop (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span> \u00a0[Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late<\/em>.]\u00a0\u00a0 …urgency is not what I am seeing.\u00a0 Remember that this is a plan and as it is unfolding the pace should pickup pace…its call momentum<\/strong>. Now that they got this ship point downstream things that they put into play 1 or 2 or more years ago will start bear fruit.
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late<\/em>.]\u00a0\u00a0I don’t know that “urgency” is in their vocabulary – but they are moving forward with “extreme prejudice”.\u00a0 Much of this progress is highly likely the oversight of the IMF\/WB at play – they say – Iraq does, IT WORKS.<\/strong> Good stuff.
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Iraqi Dinar\/Dollar auction 01-02-17 (most recent listing)<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3350<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 1-2-2017<\/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>\n16<\/td>\n<\/tr>\n
Auction price selling dinar \/ US$<\/td>\n1182<\/td>\n<\/tr>\n
Auction price buying dinar \/ US$<\/td>\n—–<\/td>\n<\/tr>\n
Amount sold at auction price (US$)<\/td>\n163,745,581<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n163,745,581<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/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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BGG (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0 [what are you most excited about lately<\/em>?]\u00a0 All of it. Hard to pin my interest on any one thing…and maybe that is the exciting part – it isn’t just one thing.\u00a0 It’s the forward velocity on virtually all fronts<\/u>.\u00a0<\/strong> [top five<\/em>?]\u00a0\u00a0 5) IMHO there is more to this comment by Abadi over Mosul taking 3 more months the other day… I really doubt that proves to be accurate… translation? Political posturing? Some kind of intentinal mislead<\/strong>? IDK – but it does seem at odds with most of his previous commentary.\u00a0 4) The recovery of stolen monies by the GOI – big news. <\/strong>They are looking to put an end to the culture of corruption.\u00a0\u00a0 3) The passage of the J&A Law – HUGE piece<\/strong>…2) General forward velocity of all the Economic and Financial reforms going on right now – they are really building an economy – FAST.\u00a0<\/strong> 1) Obviously – the statements by the current Gov of the CBI concerning their “beginning of 2017” timeline – HUGE!\u00a0<\/strong><\/u>
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loop (Dinar Guru) –<\/span><\/strong>\u00a0 Article:\u00a0 “Integrity court to prevent the theft of hundreds of billions and address the imbalance in the developed banking system<\/em>”\u00a0\u00a0 Quote:\u00a0 “…the judiciary turned to breaches in the system and the procedures taken against those responsible, whether thieves or corrupt officials<\/em>.”\u00a0\u00a0 SOMEONE GOT CAUGHT WITH THIER HAND IN THE COOKIE JAR. HOW DID THEY CATCH THIS<\/em>?… WITH THE ELECTRONIC CLEARING SYSTEM THAT WE HAVE BEEN HEARING ABOUT…MORE PROOF OF ACTION ON THE BANKING REFORM FRONT…<\/strong>
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Frank26 (Dinar Guru) –<\/span>\u00a0<\/strong>Like a spider leg slowly probing what’s in front of it before taking it to the mouth …The Dow and Oil Prices cautiously approach levels of interest … A Flag by A (Abadi) in the dead Center of Mosul would expedite many things in an LL (long line) very quickly …. IMO…. We will very soon. \u00a0\u2026[What are the chances they launch 2017 at the program rate…??? We would all have to go back to the drawing board<\/em>\u2026..]\u00a0\u00a0NO !!! !!! !!! … We will NOT !!! !!! !!!\u00a0 The PR (Program Rate) can and more than likely will be in the 2017 Budget.<\/strong><\/p>\n

BGG ~ PR in the budget is highly unlikely.<\/em><\/span><\/h2>\n

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Central bank: 2017 will see the issuance of new cash categories<\/span><\/h2>\n

\"Central
\nDirector General of counting version and inventories at the CBI Ihsan Yasiri delete the zeros of the Iraqi currency and a national project to feminine Iraqi currency, likely work on the project early in 2017.<\/p>\n

“The Yasiri that” the central bank began to study the development of new designs for the currency after the removal of zeros it, “noting that” the deleted zeros currency will deliberate for Sntn in the local markets, as the bank continues to center to pull the old category of the currency over ten years. ”<\/p>\n

Likely launch a new category of the beginning of the currency in 2017 because there are a number of opponents of the project, “pointing out that” monetary Asaddaramlat category 50, 100 and 200 to ease trading burdens currency after deletion of zeros, as well as the provision of liquidity to the means of transportation of currency. “…<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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BGG (Dinar Guru) –<\/span>\u00a0<\/span><\/strong>\u00a0[are the reserves still being depleted and if so isn’t that still corruption which means they will hold up on the increase of the dinar until they get a handle on it?<\/em>]\u00a0 That is the complaint – I wonder if some of that isn’t internal partisan politics? Hard to say. However, I doubt this lasts long enough for any of that “arc” to matter.<\/strong>
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MadDScout (Dinar Guru) –<\/span> <\/strong>[When does the next session of Parliament start<\/em>?]\u00a0 \u00a0Jan 7.
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Breitling (Dinar Guru) –<\/span>\u00a0<\/strong> …That\u2019s what the actions are\u2026a tool for that.\u00a0 They\u2019ve always planned on getting rid of the auction.\u00a0 They\u2019ve always planned on adding value to the currency that you and I have.\u00a0 They\u2019ve always planned on adding smaller denoms to the currency as the value goes up and then sooner or later getting rid of the currency you and I have<\/u><\/strong>.\u00a0 SIDE NOTE:\u00a0 if they were just going to add value to our currency and pretend there are no zeros on the notes that in itself would reduce the note count.\u00a0 They would not have to get rid of the physical notes like they\u2019ve been doing.\u00a0 That\u2019s how we know they are not going to LOP.<\/u><\/strong>\u00a0 They have not changed their minds and we\u2019re only going by what they say.\u00a0 This is not an opinion.\u00a0 This is coming from the Ministry of Finance, Ministry of Planning and the CBI.<\/u>\u00a0 [post 2 of 2]
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Dinar Updates – <\/strong><\/span>\u201cAfter Call!!\u201d<\/span><\/strong><\/em>
\nfrom Wed. nite – Dec 28th<\/span><\/strong><\/em>
\nw\/RCookie, Mr White,
\nDaytrader and Hutch<\/span><\/strong><\/em>!!
\nor Click-N-Listen!!<\/span><\/span><\/strong><\/em><\/h1>\n

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

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Breitling (Dinar Guru) –<\/span>\u00a0<\/strong> There is good news and it\u2019s phenomenal.\u00a0 This is a mystery to me\u2026something I have not been able to figure out.\u00a0 I don\u2019t know when\/if they start adding value to their currency at what point will they get rid of the auctions?\u00a0 It doesn\u2019t matter for us\u2026it really doesn\u2019t.<\/u><\/strong>\u00a0 In the context this is not something you need to look out for because if they get rid of the auctions today then something is coming down the road.\u00a0 But if they start revaluing, start adding more and more value to the currency and the auctions don\u2019t disappear\u2026that\u2019s just a way to manipulate the currency even more…
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rcookie (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0Article:\u00a0 “Ministries offered a proposal to convert the salaries of its 3 employees to the electronic system<\/em>”\u00a0\u00a0 Quote:\u00a0 “A source in the banking sector, on Tuesday, that the three ministries have submitted applications to the Central Bank of Iraq to transfer their employees’ salaries to the .electronic system<\/em>…”\u00a0 3 MINISTRIES (EDUCATION… JUSTICE… TRANSPORT) SALARIES BEING DISTRIBUTRD ELECTRONICALLY… THROUGH 7 BANKS<\/strong>…WOW!…CAN YOU SAY LIQUIDITY RELIEF…<\/strong>
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Arthur (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0Along with all the requisite political and banking reforms, the equation was, is and always has been GOI + HCL = RV<\/u>.<\/strong>\u00a0 With all the current proxy positions, rather the GOI is adequately complete for the UST is debatable but all indication are they are satisfied with the fulfillment of that variable of the equation. As for the HCL further progress is scheduled for Wednesday 12\/28 after which we should be able to determine if there has been adequate progress to warrant a release of all remaining sanctions for Chap VIII and a subsequent rate increase necessary to satisfy the 2017 budget in Iraq<\/strong>… \u00a0As of this post the PTB is still on schedule for early 2017.<\/p>\n

BGG ~ There will be no “official HCL passage” – I’ve laid out all the reasons for not and why they don’t need to… further – this “early 2017 PTB reference” is actually a ‘twistation’ of actual comments by ALAK – the current Gov of The CBI.<\/em><\/span><\/h2>\n

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Decline in the dollar exchange rate in local markets<\/strong><\/span><\/h2>\n

<\/p>\n

Economy News \/ Baghdad …<\/strong>Dollar exchange rate in the domestic market in the Stock Exchange fell on Monday.<\/p>\n

Bourse struggle – Baghdad 130.800, while the Stock Exchange struggle to 131.100 on Sunday.<\/p>\n

Buying and selling in shops Banking Rates:<\/p>\n

Dollar selling price = 131.250 dinars.<\/p>\n

The purchase price of the dollar = 130.250 dinars.<\/p>\n

DinarUpdates.com<\/em><\/h1>\n

BGG ~ This article will get some “airplay” – looks like a shady translation to me… if there were a “real move” we would know it AND the removal of the 3 zeros “project” does NOT refer to simply eliminating one, two or three decimal points from the nominal value. However, if they wind up at a value around 1 USD it may, in fact, look like it – but this project name is referring to the removal of the large notes. PERIOD.<\/em><\/span><\/h2>\n

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loop (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 The CBI has indicated some kind of structural economic reform is on the horizon<\/strong>. I would really be surprised if they pegged the to the SDR. Ultimately, I do not care how it happens. Just as long as some kind of value change happens.
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Articles:\u00a0 “Iraq completed its commitment to one of the two resolutions to exit from Chapter VII”\u00a0\u00a0“<\/em>Iraq, one step closer to leave Chapter VII of UN Charter<\/em>”\u00a0\u00a0\u00a0\u00a0…this move is a good thing.\u00a0 Unlikely Iraq would want to be fully out of UN Chapter VII without their own internationally convertible currency.<\/strong><\/u>\u00a0 Seems that this is coming together at the same time the banking reforms are being implemented\u00a0with the help of the IMF.<\/strong>
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firefly (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 [come on Mr Fly make this RV happen<\/em>.]\u00a0 She is coming my friend, make no mistake about it.\u00a0\u00a0IMO The meeting with Kuwait is just a formality!\u00a0<\/strong> [I like many others have completely overlooked the chapter seven event<\/em>…]\u00a0 Yes most folks have. I’ve been saying for many yrs that Iraq still has a couple of sanctions remaining…Specifically the Kuwait situation<\/u>.\u00a0<\/strong>The BIS and IMF could have given Iraq as many green lights as they want…but…it meant nothing till the final 2 sanctions were lifted.\u00a0 Only the UN could finalize it!\u00a0 Keep your eyes peeled to the UN!\u00a0\u00a0 <\/strong>
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Iraqi Dinar\/Dollar auction 12-28-16 (most recent listing)<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3348<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 12-28-2016<\/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>\n33<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n16<\/td>\n<\/tr>\n
Auction price selling dinar \/ US$<\/td>\n1182<\/td>\n<\/tr>\n
Auction price buying dinar \/ US$<\/td>\n—–<\/td>\n<\/tr>\n
Amount sold at auction price (US$)<\/td>\n169,390,375<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n169,390,375<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0Article:\u00a0 “Iraq has fulfilled the obligations of a decision to get out of Chapter VII<\/em>”\u00a0\u00a0 Quote:\u00a0\u00a0\u00a0“…is noteworthy that the UN Security Council voted unanimously, in (June 27, 2013), resolution No. 2107 , which Iraq emerges in part from the provisions of Chapter VII of the Charter of the United Nations<\/em>…”\u00a0\u00a0\u00a0\u00a0So there you have it. Back in 2013 when VP Biden chaired the UN meeting Iraq did not<\/u> get out of Chapter VII as so many thought (I included). <\/strong>Apparently, the Oil-for-Food and Kuwaiti balance remained obstacles for complete removal. This apparently is now moving forward with a recent agreement to end the Oil-for-Food, leaving a $5 billion payment to Kuwait to end this once and for all<\/strong>.\u00a0<\/u> If so, currency reform may also be just around the corner.<\/u>
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firefly (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “Compensation for the Kuwait last obstacle to Iraq out of Chapter VII<\/em>”\u00a0 Quote:\u00a0 “Iraq has fulfilled the commitment before the final decision regarding his release from under Chapter VII, as it was left only has complete compensation with neighboring Kuwait file<\/em>.”\u00a0 Compensation for the Kuwait last obstacle to Iraq out of Chapter VII…So as we see, the upcoming meeting with Kuwait is very very big in regards to our investment!<\/u><\/strong>\u00a0 Per the UN.\u00a0 The UN is the only agency that can lift the final sanction.\u00a0<\/strong>\u00a0 NOT the IMF, NOT the BIS, NOT the US teasury.\u00a0 The UN<\/u>!
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Iraq: First Review of the Three-Year Stand-By Arrangement and Financing Assurances Review<\/em>\u00a0 Quote:\u00a0 “They are also working actively on rapidly removing remaining exchange restrictions and a multiple currency practice, in close cooperation with IMF staff<\/em>.<\/u>”\u00a0 moving to Article VIII is important,\u00a0 And getting in compliance as soon as possible is very good news for us<\/strong>.\u00a0 We have to wait it out and watch…it is good to see the IMF is helping them get there<\/strong>
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\"\"<\/a>BGG ~ “…if they keep on this development arc… they are on right now, that kind of security (a U.S. type environment) is achievable and it is in their future.<\/em><\/span><\/strong><\/h2>\n

If Iraq keeps going the way they are supposed to go and follow the IMF lead… it will be incredible. They will move forward VERY, VERY fast – THEY WILL MAKE DUBAI (The JEWEL of the Middle East) LOOK LIKE A CHARLIE BROWN CHRISTMAS TREE…<\/em><\/span><\/strong><\/h2>\n

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firefly (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 IMO there is nothing else but to be VERY excited…be prepared for some very impressive news releases this week.\u00a0 Just my opinion but I feel it will unpeg from the USD…And peg to the SDR…As Kuwait is.<\/strong>\u00a0 And like I’ve been saying for many years, the IQD will NOT float.\u00a0<\/strong>\u00a0…a 1:1 IMO will not fill the void in the budget…3+ is what was refered to in 2012. I have not read anything official to counter that number.<\/strong>\u00a0 They have even more resources and reserves now than back in 2012.\u00a0 Remember…The IQD NEVER devalued, it was turned off due to sanctions!<\/strong>\u00a0 [the plan is coming to a conclusion just as planned<\/em>.]\u00a0\u00a0 I see no roadblocks yet, so …if the plan continues as outlined … something has to change 1st.<\/u><\/strong>
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loop (Dinar Guru) –<\/span><\/strong>\u00a0<\/span> I would not be in it if I did not think it was going to happen. Iraq is a natural source powerhouse and their currency will reflect that.<\/strong> It’s the when that drives people crazy.
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loop (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span> Article:\u00a0 “Oil exceeds the threshold of $ 55<\/em>”\u00a0 I was reading through the IMF\u2019s SBA 1st review with Iraq and saw that they calculated that every dollar over the $42.00 budgeted amount for a barrel of oil would equate to 1.4 billion dollars more revenue<\/strong>. Not the 1 billion that some Iraqis have been quoted saying.\u00a0 If oil continues to trade at these levels their windfall will be in the neighborhood of 18.2 billion dollars.<\/strong>\u00a0 [No doubt, oil will help stabilize their economy, but non oil revenue will become as one aritcle said an explosion of possibilities in the near future<\/em>.]\u00a0 I agree. Once the private sector gets rolling oil will not be as big a threat to their economic stability. Diversification is the key and with their nature resources their will be an economic force to be reckoned with.<\/strong>
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Babylon Bank calls its customers the implementation of foreign credits and remittances at the official rate<\/span><\/h2>\n

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Babylon Bank renews its call for the implementation of his customers his foreign credits and remittances and official rate of the Central Bank of Iraq.<\/p>\n

Babylon Bank is one of the Iraqi private banks, was established in 1999, and to comply with all the laws of the Iraqi Central Bank.<\/p>\n

DinarUpdates.com<\/em><\/h1>\n

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wmawhite (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0Article:\u00a0 \u00a0“Babylon Bank calls its customers the implementation of foreign credits and remittances at the official rate<\/em>”\u00a0\u00a0Quote:\u00a0 “Babylon Bank renews its call for the implementation of his customers his foreign credits and remittances and official rate of the Central Bank of Iraq<\/em>.”\u00a0\u00a0\u00a0\u00a0BINGO!\u00a0 This is what we are waiting for; implementation of foreign credits and remittances at the official rate.\u00a0 Paying their foreign bills with the IQD… <\/strong>currently all banks within Iraq settle all foreign credit and remittances in the USD…There also appears to be a movement within the banks to settle all foreign credits and remittances in the IQD…<\/strong>
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1bobby (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 [With the IQD in US banks. Does that take the IQD out of the exotic currency list<\/em>?]\u00a0\u00a0 Nope an exotic currency deals with the trading speeds\/elements of the currency.<\/strong> Kuwait is still an exotic due to it’s trading factor. Just them tracking it says a lot. That’s not saying the IQD is “in the banks” just an electronic tracking.<\/strong>\u00a0Now some banks still sell it but this deals with tracking a “buy sell rate”\u00a0[I have some that I would like to trade quickly, at a revalued rate of course<\/em>.]\u00a0\u00a0\u00a0 I think we’ll all be dealing with that issue soon.<\/strong>
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Kaperoni\u00a0(Dinar Guru) –\u00a0<\/span><\/strong>[there’s a reason all of the govt or CBI issued reports outline plans for 2016 or 2017 through to 2020.<\/em>]\u00a0 <\/strong>All of Iraq’s forecasts are done in 5 year increments. I have stated several times, currency reform is a priority for a market economy. The forecasts are all inclusive to achieve the goal of a vibrant market economy, not 5 years to currency reform. In fact, currency reform\/international convertibility is absolutely required before investors will come into Iraq to build a private sector\/market economy. Therefore, I continue to believe we will see the reforms begin very shortly so they can achieve the success and growth of the economy to meet the forecast time-frames.<\/strong>
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World Bank Iraq describes a world’s richest nations on earth<\/span><\/h1>\n

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Baghdad –<\/strong> Description of the World Bank, Iraq “one of the richest countries in the world on the face of the earth.”<\/p>\n

Middle East director of the World Bank Farid Belhaj said that Iraq is “locked in a deep structural reforms and widespread at the same time, which is fighting a bloody war against the destructive power.”<\/p>\n

Belhadj said that Iraq’s wealth from oil and gas constitute a solid guarantee for the repayment of loans. ”<\/p>\n

He pointed out that “Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts.”<\/p>\n

Aletejahtv.org<\/em><\/h1>\n

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1bobby (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 I’d say the complete liberation of Mosul would be nice but not necessary.\u00a0 The budget should take place the 1st of January and will be interesting to see it’s implementation. The budget does not hinge on Mosul being liberated.<\/strong> Now when they speak of the Natl Reconciliation, everything hinges on the liberation of Mosul…But…they are taking the steps as far as support for that to be approved and implemented once Mosul takes place.<\/strong>
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loop (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article quote:\u00a0 “the Central Bank of Iraq has performed over the past year more than the actions taken for (13) years past in terms of procedures and regulations set by the central bank<\/em>.”\u00a0 HUGE STATEMENT…Second time an outside advisor has said that they are taking care of business and working overtime.<\/u><\/strong>
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loop (Dinar Guru) –<\/span><\/strong>\u00a0 Article:\u00a0 “World Bank<\/u> Iraq describes a world’s richest nations on earth<\/em>”\u00a0\u00a0 Quotes:\u00a0 “Description of the World Bank, Iraq “one of the richest countries in the world on the face of the earth<\/em><\/strong><\/u>.”\u00a0 “Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts<\/em>.”\u00a0 Who said this?\u00a0 Middle East director of the World Bank Farid Belhaj.<\/u>..”BOOM”\u00a0\u00a0 HUGE STATEMENT.\u00a0 I cannot recall a time where an official representative of the World Bank has come out with a statement like this<\/strong>…HUGE HUGE HUGE.
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Iraq:<\/span><\/h1>\n

If you could find some way to convince folks to at least skim through this document, they would be amazed. The moves Abadi has been making the last few months – kind of sense now. There is some outstanding information here.
\n<\/em><\/span>
\nDayTrader<\/em><\/span><\/h2>\n

IMF EXECUTIVE BOARD COMPLETES FIRST REVIEW IRAQ’S STAND-BY ARRANGEMENT (45 pages…)<\/h2>\n

12162016<\/a><\/center>
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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 The IMF worked very, very hard with Iraq to maintain their numbers, MCP and to remove their restrictions on their currency to become internationally accepted.\u00a0 If banks are now selling the IQD…how long does the UST expect the American banks to hold-on to this basically worthless currency?\u00a0 Smells very strong of an RV…doesn\u2019t it?<\/strong>\u00a0 To show NO RESTRICTIONS…means Article 8 have evaporated.\u00a0 All they need to do is raise the value of their currency.\u00a0 IMO \u2013 this year…2016.\u00a0 My new time line is the 20th to the 26th of this month.\u00a0 <\/strong>With the budget coming out to the internationally world by December 31st…IMO \u2013 the US Treasury is very happy…hence why the IQD is being made available in the American banks.\u00a0 I see international compliance…accepted before the RV of their currency…(that\u2019s the RI).\u00a0\u00a0 …IMO…they have completed the RI!\u00a0 IMO…it is the RV that is next.<\/strong>\u00a0 There was no announcement of these American banks with the IQD?\u00a0 (no memo)\u00a0 Very few knew about it.\u00a0 No announcements.\u00a0 It just happens.\u00a0 So will the RV.<\/strong><\/u>
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Kaperoni\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0 Article:\u00a0 “Iraq’s former finance minister loses appeal against ‘unconstitutional’ removal<\/em>” Quote: “Iraq\u2019s former Finance Minister Hoshyar Zebari has lost an appeal at the country’s federal court against his removal as minister by the parliament which he called unconstitutional<\/em>.<\/strong>” \u00a0 This is really too bad.
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0\u00a0Article:\u00a0 “Parliamentary investment: central bank reserves fall to $ 40 billion <\/em>”\u00a0\u00a0 \u00a0It’s a game of chicken between the CBI and IMF.\u00a0 The IMF won’t let the CBI advance the banking system until they follow the directives, yet the CBI cannot stop the corruption which is depleting the reserves.\u00a0\u00a0<\/strong> Who will win?
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Dinar Updates – <\/strong><\/span>\u201cRound Table Call!!\u201d<\/span><\/strong><\/em>
\nfrom Tues. nite – Dec 20th<\/span><\/strong><\/em>
\nw\/BGG, Mr White, Loop, 1Bobby, MadScout and MORE!!
\nClick-N-Listen!!<\/span><\/span><\/strong><\/em><\/h1>\n

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

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tman23 (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 The IQD to revalue at a rate that includes 3 zero notes at exchange NEEDS to be backed by somebody other than Iraq… Simply put…Iraq does not have the money to pay out exchanging 3 zero notes at a high revalue…Because Iraq does not have trillions to pay out exchanging high value 3 zero notes<\/strong>…countries are going to hold them in their currency basket…keep in mind most the big banks are public held and on the stock exchange…Not one of them is going to risk holding a toxic currency from an unstable region for any amount of time…UNless the UST guarantees the bank to cover that said currency…REALITY remains the same…They are lifting the 3 zeros beginning 2017 and the guess is still on going on how that affects the value of the 3 zero notes we hold…<\/u><\/strong>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 [What’s up with the RV<\/em>?]\u00a0 If you want to know about timing…listen to what Allaq with the CBI said…he said the Monetary Reform process would start in the early part of 2017<\/strong>...so the 1st quarter of 2017 is what the governor of the CBI says is when they will start the process.<\/u><\/strong>
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Dissertation by Daytrader:<\/em><\/span><\/h2>\n

There are three financial channels active in Iraq; monetary reform, economic reform and SBA loans. All three of these channels are interdependent (symbiotic).
\n<\/em><\/span>
\nMonetary reform is the responsibility of the CBI, but needs the cooperation of the GOI for legislation and the GOI\u2019s preparation for the transition (budget, trade, ISX etc). Monetary reform will likely fail without a following successful economic reform.
\n<\/em><\/span>
\nEconomic reforms are the responsibility of the GOI, but funding and loans from the CBI and the Iraqi banks along with international contributions are needed to make it a success. It is also reliant on the monetary reform to establish the financial foundation.
\n<\/em><\/span>
\nSBA loans are needed to bridge the revenue shortfall until the gains from the monetary and economic reforms surface. Additionally, a strong relationship with the IMF and World Bank will enhance Iraq\u2019s status in the international community and improve its credit rating.<\/em><\/span><\/h2>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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firefly (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Balutiqh..omanh Cabinet declares its non-stop government appointments<\/em>”\u00a0 Quote:\u00a0 “…the adoption of all the records of the Ministry ratified by competent minister until the date of 31.12.2016, and the Ministry of Finance to complete all the procedures, including deletion and development.<\/u><\/em>”\u00a0\u00a0to complete all the procedures, including deletion and development.\u00a0<\/strong> [now that looks pretty exciting…so by Dec 31st<\/em>?]\u00a0 Ya think? Thats what many articls are saying in print…<\/strong>
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Frank26 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article: “Sources to Baghdad Post: Military operations in Mosul come to end<\/em><\/strong><\/u>”\u00a0 Quote:\u00a0 “The military operations in Mosul have come to an end, security sources told The Baghdad Post.\u00a0 The sources pointed out that a police reshuffle is imminent after Haider al Abadi visited the operations headquarters earlier<\/em>.”\u00a0\u00a0 We told You…From the 18th into the 19th …A [Abadi] would release sometime of importance with the MR.\u00a0 Today …The SECURITY for the MR.\u00a0 \u00a0IMO…There will be more tomorrow.<\/strong>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0Article:\u00a0 “Parliamentary Finance: most of the banks in Iraq do not apply the principle of “know your customer<\/em>”\u00a0 Changing CBI governors is not something we want…\u00a0 Each time this occurs, it weakens the currency, investor confidence, citizen confidence and slows down monetary policy.\u00a0 Abadi more than likely is getting guidence from the IMF and World Bank on how Allaq is doing.\u00a0 The fact that he is still in place tells me he is doing his job, and moving reforms along as laid out in the various agreements.<\/u>\u00a0\u00a0<\/strong> The last sentence…to a World Bank document…is clear when referring to the removal of Shabibi…i will paraphrase…no matter who is the CBI governor, the plan is moving forward<\/u>.<\/strong>
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FaceBook “LIVE” session from Friday nite w\/BGG<\/strong><\/span><\/h2>\n

\"\"<\/a>Click here for Replay<\/a><\/strong><\/em><\/h1>\n

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Islandg1211 (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0 “THE IMF RELEASES ANOTHER $618 MILLION LOAN TO IRAQ<\/em>”\u00a0\u00a0 This article summarizes the meeting that resulted in the IMF releasing the loan installment even though Iraq did not meet all of their expectations.\u00a0 THE RV WAS NOT TIED TO IRAQ GETTING THE LOAN INSTALLMENTS.<\/u><\/strong>\u00a0 \u00a0 I was right that:\u00a0\u00a0 1 \u2013 The IMF would give them the loan without an RV.\u00a0\u00a0 2 \u2013 That the GOI would pass the Budget…but no other laws…nor vote in cabinet…and would leave for a month vacation.<\/p>\n

BGG ~ Really?!? So 2 “no predictions” is a big win?? Means NOTHING.<\/em><\/span><\/h2>\n

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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0Article:\u00a0 “Parliamentary Finance: most of the banks in Iraq do not apply the principle of “know your customer<\/em>”\u00a0 Changing CBI governors is not something we want…\u00a0 Each time this occurs, it weakens the currency, investor confidence, citizen confidence and slows down monetary policy.\u00a0 Abadi more than likely is getting guidance\u00a0from the IMF and World Bank on how Allaq is doing.\u00a0 The fact that he is still in place tells me he is doing his job, and moving reforms along as laid out in the various agreements.<\/u>\u00a0\u00a0<\/strong> The last sentence…to a World Bank document…is clear when referring to the removal of Shabibi…i will paraphrase…no matter who is the CBI governor, the plan is moving forward<\/u>.<\/strong>
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1bobby (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “Member of the Finance Parliamentary: 2017 Moismh positive cause to activate the financial realities and the private sector<\/em>”\u00a0\u00a0 \u00a0ACTIVATE ACTIVATE ACTIVATE the Private Sector! Once again that phrase dominates the publishing of the 2017 budget<\/u>. How could we not be excited about this budget? Too many people out there saying “Big deal, just another budget” Seriously?<\/strong>
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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

\"follow<\/a>Don’t MISS – “DU NEWS TIME” w\/BGG & Company – Dec. 27th 7:30pm EST – In the DU CHAT Room!!<\/span><\/strong><\/h2>\n

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

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1bobby (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0“There is nothing negative in this budget” With oil priced at $42 pbl, 2017 will be a cash cow for Iraq. Abadi stated in an interview “According to our own calculations, I think that the rise in oil prices, every one dollar for a barrel of oil will add one billion dollars to our budget.<\/u> So, I think we will have more by cutting the production and increasing the price.<\/em>” Oil is their collateral for supporting the private sector and other non oil revenues for sure.<\/strong>
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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 [Have you had the opportunity to read the first review of the three-year (2016-2019) Stand-by Arrangement by the IMF. Do we have to wait till 2019 for an increase of the dinar exchange rate<\/em>?]\u00a0\u00a0 Well, I certainly hope not! I don’t see why they need that much time. Things have started moving faster over the last year. <\/strong>If the situation had not changed in the manner that it has, then maybe we’d be looking at another 3 years. But I do see things ramping up and moving faster, and it doesn’t need to stretch out that long.<\/strong>
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1bobby (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0\u00a0 “Parliamentary Finance: the general budget and provided guarantees to rally public and clans and staff of Kurdistan and to support private sector<\/em>”\u00a0\u00a0 What a great article! Paragraph by paragraph shows us steps that will be taken to ensure a strong viable Iraq and a happy us.<\/strong> \u00a0 Notice how in almost every budget related article that transparency with the Kurds is prominent? The kicker to this one is that Iraq is tired of exiting monies, they now want monies entering Iraq via investment projects thru Global Banks.<\/strong><\/u> WOOT WOOT!! Again Baghdad will be in charge, but the Provinces will now have the go ahead with large investment opportunities which will lead to small businesses thriving.
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\"\"IBBC \u200f@<\/s>IBBC_London<\/span>\u00a0<\/strong><\/em><\/a><\/p>\n

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Ambassador (Frank) Baker lauds Iraq as future economic force in the region, few countries have her potential @<\/s>IBBC<\/b><\/a> #<\/s>Iraq<\/b><\/a> conference<\/p>\n<\/div>\n

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MadDScout (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0Article:\u00a0 “Parliament will vote on the federal budget for 2017<\/em>”\u00a0 This is the after report on the vote in parliament.\u00a0\u00a0This is just a way different budget (IMO) than we have seen in budgets of the past.\u00a0 None of them had the kind of “Activate the private sector” talk that seems to be a part of this one<\/u>. Especially if you know that, what we as investors are waiting on is the activation in full of all reforms. <\/strong>Many of these are in various states of completion. Some being done, some waiting on certain parameters to be met ( i.e. budget vote? Complete GOI? <<(IMO)) With the signing off agency being the IMF.\u00a0\u00a0 So for those who feel this can drag on just remember, they are being directed and guided by IMF and for IMF to sign off, they need accomplish those things stipulated.<\/u><\/strong>
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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Here’s the short and skinny. 1. Good news surrounding the HCL lately.<\/strong> Is it going to happen before the new year? I have no idea, but good HCL news is good HCL news!\u00a0 2. More good news on the progress in Mosul. <\/strong>I still can’t believe the MSM isn’t making a bigger deal out of this, but they are what they are. Things are going well there, and that’s what we need.<\/strong> Go Iraq!\u00a0\u00a0 3. The CBI seems to be talking more about the exchange rate lately, which is exactly what I expect before they finally make a big change.<\/u><\/strong> My suggestion is to not believe a word they are saying, but instead pay attention to the simple fact that they are discussing it<\/u>.
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wmawhite (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span> Giving value to the IQD will also give the Iraqi citizen “purchasing power AND reduce the demand for the USD.”<\/em>\u00a0 Are laws needed. Yes, but with out value to the IQD none of the private sector growth will ever occur. We have always thought, because we were told by certain self proclaimed experts, that it was investors first followed by economic growth followed by a rise in the IQD.\u00a0 Sorry! That is AXX Backwards. If the value in the IQD does not occur up front all of the above will not take place.<\/strong> The Iraqi citizens need purchasing power. Look at what Alak stated (above).\u00a0\u00a0 [post 2 of 2]
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Dinar Updates – <\/strong><\/span>\u201cNews Time\/Call!!\u201d<\/span><\/strong><\/em>
\nfrom Thurs. nite – Dec 15th<\/span><\/strong><\/em>
\nw\/MadDScout, 1Bobby and More!!
\nClick-N-Listen!!<\/span><\/span><\/strong><\/em><\/h1>\n

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

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wmawhite (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span> …this is the ever evolving discussion about how best to control the value of the IQD “on the street”.\u00a0\u00a0Currently, the auctions are used for that purpose. it has been a failure. Now, everybody has an opinion about how best to do it.\u00a0 However, the Governor of the CBI just last week told the world how it will be accomplished; “He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar<\/em><\/u>.”\u00a0\u00a0<\/strong> Reducing the demand is giving value to the IQD so that all of those goods being bought with the USD is now bought with the IQD. Giving value comes from the CBI in advance, prior, before, all of these foreign investors. Not after!\u00a0<\/strong> [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0 <\/span>…there is an article …that does not sit well. CBI News. The article to me seems to be implying the CBI should just introduce a whole new currency at a 1 to $1 exchange rate.<\/u>\u00a0 Which would not benefit current dinar holders.<\/strong> Not what the IMF nor the CBI have stated was in the plan.\u00a0 Not to mention a new currency with a random exchange rate would fail.\u00a0 I see this article as just another attempt to avoid what they should be doing. Like so often, Iraq tries shortcuts. There are no shortcuts.\u00a0 The IMF has clearly stated the plan for the dinar, it does not include a new currency.\u00a0 New lower denominations yes, but not a new currency<\/u><\/strong>.\u00a0 The issuance of a new currency would be counter productive for Iraq, especially with a few trillion dinar already circulated around world.
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firefly (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Quote:\u00a0\u00a0 “Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains two exchange restrictions and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3<\/u><\/em>…”\u00a0\u00a0<\/u>\u00a0Straight from the IMF.\u00a0 …talking past tense<\/u>!\u00a0\u00a0no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2…\u00a0\u00a0<\/strong> Wow, wow, wow!!!\u00a0 [awesome news<\/em>.]\u00a0 Yes it is. I see no hold ups whatsoever to date.<\/strong>
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Iraq:<\/span><\/h1>\n

FIRST REVIEW OF THE THREE-YEAR STAND-BY ARRANGEMENT…AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ (Very long…)<\/h2>\n

cr16379<\/a><\/center>
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firefly (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 […i still do see how we all think that jan 2017 may be a change in the value<\/em>…]\u00a0\u00a0\u00a0If the project to remove the zeros begins as planned in early January 2017 wouldn’t it logically need a change in rate 1st?<\/strong><\/u>
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Kaperoni (Dinar Guru) –<\/span>\u00a0\u00a0 <\/strong>Iraq: First Review of the Three-Year Stand-By Arrangement and Financing Assurances Review<\/strong><\/em> \u00a0\u00a0 [L<\/em>ooks like from this article the IMF wants them to stay on the peg indefinitely <\/em>until oil prices go up and ISIS is gone. They speak of Iraq being committed.]<\/em>\u00a0 <\/strong>Until the conditions are created, I would expect so.\u00a0 That means until laws are passed and investors begin to come into Iraq we are at status quo<\/u><\/strong>.
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Islandg1211 (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0 NOTHING, NOTHING, NOTHING…THEN SOMETHING! Recently…the CBI came out and stated that they had tried to delete the three zeroes before in 2011, 2013, and 2015, but were delayed and plan on beginning the projects the first part of 2017<\/strong>…Three attempts that failed…hopefully, 2017 finally going through.
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Dinar Updates – <\/strong><\/span>\u201cRound Table Call!!\u201d<\/span><\/strong><\/em>
\nfrom Tues. nite – Dec 13th<\/span><\/strong><\/em>
\nw\/BGG, Mr White, Loop, 1Bobby, Daytrader and MadScout!!
\nClick-N-Listen!!<\/span><\/span><\/strong><\/em><\/h1>\n

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

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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “Is Iraq heading to float the dinar against the dollar?!<\/em>”\u00a0 Quote:\u00a0 “…and these expectations (float Iraqi dinar) does not have any credibility at all and can not be done during the current year (despite the economic benefits), and the reasons for not float the currency back to the nature of the local economy being a rentier which means that he relies on oil exports<\/em>…”\u00a0 This guy is right, they can’t float the dinar at this time.\u00a0 Until the laws are passed and the market economy is started, investors begin to come into Iraq.<\/strong>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 “Ministerial council looking reinforcement provided by NATO to support Iraq contracts<\/em>”\u00a0 NATO support<\/strong>…\u00a0 [They have come a long way in terms of professionalism and quality of individual<\/em>…]\u00a0 They want “International acceptance” and support – this is exactly how they get it.\u00a0 …they are on the road to restoration.<\/strong> Let’s hope sooner than later.\u00a0\u00a0 All indicator seem to point to something being “up”…<\/strong><\/u>
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firefly (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 IMO Iraq has only one chance to get this right. Once they implement the reform there is no turning back. They need to come out with absolutely no mistakes<\/strong>. <\/u>So is this a delay or …
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Iraqi Dinar\/Dollar auction 12-13-16 (most recent listing)<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3337<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 12-13-2016<\/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>\n34<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n15<\/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$)<\/td>\n149,426,498<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n149,426,498<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/strong><\/em><\/span><\/em>
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wmawhite (Dinar Guru) –<\/span><\/strong>\u00a0<\/span> Read this carefully, it is from a recent statement from the CBI:\u00a0\u00a0 “noting that ” the central bank began the first steps of the project through the selection of designs, companies and the country that will be done Print currencies. “He noted that” the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years<\/em>…”\u00a0\u00a0\u00a0 “the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years,”\u00a0\u00a0 <\/strong>Now hear this! Your “ancient coins (translation… currency\/notes)”\u00a0\u00a0\u00a0 …in other words…your 25,000 IQD notes will always be 25,000 IQD notes.\u00a0\u00a0<\/strong> Eventually…as the larger notes are withdrawn from the marketplace…smaller notes will be needed because the price of goods will decrease, and such notes as the 25 IQD will be commonplace.
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firefly (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 [just hoping this time its really gonna happen<\/em>.]\u00a0 It IS<\/u> happening before our very eyes<\/strong>…NOBODY knows the Date ,,,, it will just happen one morning when you wake up…\u00a0But…I believe\u00a0if the project to remove the zeros begins as planned in January, something else has to occur 1st…Removing the 3 zeros refers to removing the 3 zero notes off the street…So what will they be replaced with?\u00a0<\/strong>\u00a0 [the lower demons which would make them raise the rate<\/em>]\u00a0 BINGO!<\/strong>
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wmawhite (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span> When the word project<\/u> is used…it is referring to many pieces \/action items that make up the project…if they state removing the three zeros then IMO it is referring to the lowering of the note count…which has been happening for some time, as well as…the need for the larger notes not being needed in the market place, i.e…
\n“removing the three zero notes from the currency<\/em>“<\/strong>…that statement was just recently used be Alak…this, IMO…means the increase in value of the IQD which will lower the price of goods in the marketplace, thus…removing the need for the three zero notes.\u00a0\u00a0<\/strong>
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If you found this blog, our website or chats helpful \u2013 Forward it to a friend!! We couldn\u2019t do it without you!! Thanks \u2013 BGG!!<\/h2>\n

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

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