{"id":13517,"date":"2017-03-22T17:59:00","date_gmt":"2017-03-22T22:59:00","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=13517"},"modified":"2017-03-23T10:13:38","modified_gmt":"2017-03-23T15:13:38","slug":"13517","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=13517","title":{"rendered":"DINAR OBSERVER DAILY Mar 22nd"},"content":{"rendered":"

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Abadi looking with two US firms electricity and airlines to develop<\/strong><\/span><\/h1>\n

Economy News \/ Baghdad \u2026Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi air lines.<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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Chattels (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 I would note that the Spring \/ Nowruz Holiday as posted at the CBI website is a one day observance [March 21].\u00a0\u00a0 I tend to think…that the the recent hiatus in publishing the market rate preceding and now following the holiday is remarkable, but the significance or pertinence to our “event”, if any, is unknown and likely unknowable in the near(er) term.<\/strong>
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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 You’re probably also seeing a lot of positive news regarding ISIS, Mosul, etc on\u00a0the “tube”. Or at least, you aren’t seeing so many negative news stories… and\u00a0you know why that is, don’t you?\u00a0 It’s very simple – the media isn’t making a big deal about Iraq anymore because\u00a0things are going REALLY GOOD,<\/strong> and those aren’t the stories that sell ads!\u00a0\u00a0 …there is a LOT of\u00a0progress happening right now with oil, agreements, and security. <\/strong>These are\u00a0exactly what we want to see!\u00a0 We are getting to a point in this Iraqi Dinar situation that has me excited\u00a0again, finally, and it’s been a long time since I felt this upbeat about the Dinar.\u00a0\u00a0We’ve\u00a0been going in the “right way” for a long time, but now we are on a STRONG path to victor<\/u>y!<\/strong>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span> …<\/strong>currencies cannot be randomly valued.\u00a0 They are valued by supply and demand.\u00a0 Iraq’s dinar will rise in value, but based on sound fundamental economic policies controlled by the CBI.<\/u><\/strong>\u00a0 We just have to wait that out as they progress with the transition to a market economy.
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article\u00a0 quote:\u00a0\u00a0“in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstruction<\/span> <\/span>in post – Daesh<\/em>.”\u00a0 This seems to imply the banking sector reform is just around the corner…<\/u><\/strong>
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Aggiedad77 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span>\u00a0 Article:\u00a0 “Iraq looking to raise obstacles to the entry of US companies to invest<\/em>”\u00a0 IMO when Abadi talks here about “raising obstacles” he’s referring to a lessening of red tape for American companies and also a HUGE reduction in corruption issues that have kept many companies away in the past<\/u>…He’s smiling because he knows who will pave the way for the success of his government as well as his country…and it will not be Iran…He’s got a new buddy in President Donald Trump and his administration<\/strong>…IMO look for Trump to be paying Iraq a visit this year…Frank [Guru Frank26]\u00a0 said that issues with investors has to do with Iraq’s restrictions on capital movement…as well as UN sanctions not being lifted, thus causing countries and investors to not want to go against the UN…Abadi has some definite changes he needs to make…that he can make…lift those restrictions…raise the value of your currency…get rid of the UN restrictions…IMO.<\/strong>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 \u00a0[…wondering if Trump can push for currency reform<\/em>.]\u00a0\u00a0 Currency reform is a consequence of economic and banking reform.\u00a0\u00a0 …the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy<\/u>.\u00a0 There is no confusion, it is stated clearly…the Balassa-Samuelson effect.\u00a0<\/strong> \u201dBalassa\u2013Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates<\/em><\/strong><\/u>.\u201d\u00a0 In other words Iraq’s dinar is directly related to the growth of the private sector\/market economy.<\/strong>
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Follow us on twitter @DinarUpdates !!<\/strong><\/h1>\n

\"follow<\/a>Dinar Updates – “NEWS TIME” w\/MadDScout & The DU Facebook Crew – March 23rd 6:30pm CST – In the DU CHAT Room!!<\/span><\/strong><\/h2>\n

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

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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “International Monetary Fund agrees to release contractors’ receivables<\/em>”\u00a0\u00a0 Quote:\u00a0 “The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success…This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars <\/strong>once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process<\/em>.”\u00a0\u00a0 \u00a0So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.<\/strong>
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tman23 (Dinar Guru) –<\/span><\/strong>\u00a0 This week in Washington is the NATIONAL COALITION MEETING<\/strong>…THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER…68! …THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS…<\/strong>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “Sabri: Iraq’s economy will rise over the next five years<\/em>”\u00a0\u00a0 ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years.\u00a0 Sounds to me like they expect a gradual appreciation of the currency as the economy grows<\/strong>.\u00a0 Anyone?\u00a0\u00a0 Balassa-Samuelson effect…
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tman23 (Dinar Guru) –<\/span><\/strong>\u00a0 …ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS… OTHERWISE\/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED…TICK-TOCK…TICK TOCK.<\/strong>
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Kaperoni\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0<\/span> \u00a0The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements…\u00a0 That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII<\/strong>.\u00a0 I don’t see anyway around that.\u00a0 That being said, they could get off the peg without approval from the IMF.<\/strong>
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firefly (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Anybody that’s been in this investment for any period of time should know that a lot of negative news will pop it’s ugly head at the end.<\/strong>\u00a0 Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment.\u00a0 After thinking about the question for a bit of time he stated “AFTER MUCH MEDIA PROPAGANDA” <\/strong>\u00a0\u00a0 This is not about us. Just be thankful we were given the opportunity to be a part of this investment.\u00a0 Timing is everything right now. One mistake in their calculations would be catastrophic.\u00a0…the true rate will show on the CBI 1st. <\/strong>
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Statement at the End of an IMF Mission on Iraq<\/span><\/h1>\n

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF\u2019s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision….<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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firefly (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0 Historically all currency adjustments are made in the 1st quarter of the fiscal year. <\/strong>Kuwait and Zambia are good reference points.\u00a0 There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.<\/strong>
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Kaperoni\u00a0(Dinar Guru) –<\/span>\u00a0<\/strong> Article:\u00a0 “Expert: Iraq is heading for a social market economy within the plan that will last until 2030<\/em>”\u00a0\u00a0 More importantly, currency reform must begin before they will ever have a market economy.<\/strong><\/u>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Detection 3 “goals” Abadi seeks to achieve<\/em>”\u00a0 Quote:\u00a0 “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries<\/em>…”\u00a0\u00a0 To me, this says they better get to work..and soon… “there are no plans for further lending”<\/strong><\/u>.<\/u><\/strong>
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Eat Well – Lose Weight!!<\/em><\/strong><\/a><\/h2>\n

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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0 Quote: \u00a0“…Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF\u2019s Executive Board for discussion and decision<\/em>…”\u00a0 exactly what decisions do the IMF executive board have to make coming up?<\/u> I mean – they only deal with one thing.\u00a0 INTERNATIONAL MONETARY FUND.\u00a0<\/strong> […can the CBI make a move before the DC meetings<\/em>?]\u00a0 the CBI can do whatever they want…if the IMF doesn’t give their blessing who are they gonna’ sell their currency to?\u00a0 without international acceptance – there is no market.<\/u>\u00a0\u00a0<\/strong> [post 2 of 2]
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Quote:\u00a0 \u201cThe Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21\u201323, 2017 in Washington, DC<\/em>.”\u00a0 This is saying these finalization talks were already started…and will resume – (at the latest) in D.C.<\/strong>\u00a0\u00a0 Quote:\u00a0 \u201cDuring the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions<\/em>.\u201d\u00a0 <\/u>Mohammed Saleh…he’s been in these big IMF “shindig” meetings from the 5th to the 17th… he’s excited<\/u>.<\/strong>\u00a0 [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Detection 3 “goals” Abadi seeks to achieve<\/em>”\u00a0 Quote:\u00a0 “…three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more “lending”, attributing the reason to determine Iraq certain doors by donor countries<\/em>…”\u00a0\u00a0 To me, this says they better get to work..and soon… “there are no plans for further lending”<\/strong><\/u>.<\/u><\/strong>
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Iraqi Dinar\/Dollar auction 03-21-17 (most recent listing)<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3405<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 03-21-2017<\/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>\n35<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n11<\/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$)<\/td>\n164,418,642<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n164,418,642<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/span><\/em>
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Revbo (Dinar Guru) –<\/span><\/strong>\u00a0 \u00a0“Statement at the End of an IMF Mission on Iraq<\/em>”\u00a0\u00a0\u00a0Quote:\u00a0 “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway<\/em>.<\/span>” \u00a0[I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector\/market economy<\/em>.]\u00a0 \u00a0If they don’t turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0“Statement at the End of an IMF Mission on Iraq<\/em>”\u00a0\u00a0\u00a0Quote:\u00a0 “…repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway.<\/span><\/em>” \u00a0I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector\/market economy.<\/u><\/strong>
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Revbo (Dinar Guru) –<\/span><\/strong>\u00a0 <\/span>\u00a0I don’t know if this means anything, but yesterday was the first time I’ve ever seen no street rate posted on the CBI’s auction page.<\/u><\/strong>
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Maliki’s wealth estimated at $40 bln: sources<\/span><\/h1>\n

Iraqi former PM Nouri al-Maliki’s wealth is estimated at $40 billion, informed sources told The Baghdad Post on Thursday.<\/p>\n

The sources revealed the 67-year-old has made his wealth through manipulating the Iraqi Central Bank’s accounts as well as his suspicious projects inside and outside Iraq.<\/p>\n

They also confirmed he took over the 2014 state budget without releasing concluding statements….<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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1bobby (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 It’s amazing how far the Banking Industry has come and continues to go…\u00a0<\/strong> Article:\u00a0 “Insurance Association of Economics News: start with insurance on ATMs for banks<\/em>”\u00a0 So why would they want to insure an ATM in such an unstable environment? Some have asked “Does this mean the LD’s are ready to roll out<\/em>?” Not necessarily, but it does indicate they are willing to get them out of the banks and airports and put them into the streets at some point.\u00a0<\/strong> I loved the quote “Never make such insureance in Iraq, which would provide service to citizens through larger deployment of ATM in the markets and public places and cultural phenomenon which is developed to serve the economy<\/strong><\/em>“.
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Loop (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0\u00a0 Article:\u00a0 “Alheims: the government was forced to borrow because of the external costs of the war effort Banks<\/em>”\u00a0\u00a0 Quote:\u00a0 “…he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public<\/em>.”\u00a0 TBI increased it’s profits by 300%!<\/strong> It’s amazing how profits soar when people are not stealing the money!\u00a0 This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits<\/u>. That is simply unheard of.<\/strong>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 <\/span>\u00a0Here’s a weird tidbit – just happened this AM …they changed the way they list the currency auctions – this AM…no rate – they took out the 1182 part. NADA. MIA.<\/strong>
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Regarding the D.U.C.E. List e-mails –\u00a0<\/strong><\/span><\/h3>\n

If you are not receiving D.U.C.E. messages, it’s possible the receiving mail server is blocking or filtering the message before it’s delivered to your inbox. One solution is to whitelist our domain and IP ranges so that the server will allow messages through the block.<\/strong><\/h3>\n

Below is our whitelisting information. You’ll want to provide this information to your IT or website administrator and they can add it to the mail server so that future messages are delivered to your inbox… or add this info to your e-mail profile.<\/strong><\/h3>\n

DinarUpdates.com Domains:<\/strong>
\nFrom domain – mail.vresp.com<\/strong>
\nBounce domain – cts.vresp.com<\/strong><\/h3>\n

DinarUpdates.com IP ranges:<\/strong>
\n74.116.89.0\/24<\/strong>
\n74.116.91.0\/24<\/strong>
\n63.251.246.0\/24<\/strong><\/h3>\n

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BGG (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0 Article:\u00a0 “(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages<\/em>.”\u00a0\u00a0\u00a0Mosul moving to an end soon. \u00a0Boom.\u00a0<\/strong> [Whats your thoughts…that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later<\/em>!]\u00a0 Not sure – but I’m very excited I’m still in this thing!!<\/strong>
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Loop (Dinar Guru) –<\/span><\/strong>\u00a0 <\/span>Article:\u00a0 “TBI launches new producer certificate of deposit<\/em>”\u00a0 Quote:\u00a0 “He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts<\/em>.”\u00a0 This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to.\u00a0 Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. When the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime<\/u>… IMO.<\/strong>
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Loop\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article quote:\u00a0 “today we move from a centralized economy to a market economy<\/em><\/u>”\u00a0 Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM!<\/strong><\/u>\u00a0 …moving to a true market economy would have to include an internationally recognized currency.\u00a0<\/strong> Market Economy = Free Market Economy.\u00a0\u00a0There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized?\u00a0 All of them<\/u>. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!<\/strong>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0 <\/span>These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE.\u00a0“They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.<\/strong>
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The Dinar Round Table Call!!
\n<\/strong><\/span>“with the whole DU Crew\u201d<\/span><\/strong><\/em>
\nfrom Tues nite – Mar 14th
\n<\/span><\/strong><\/em>Click-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\u00a0<\/span> Article:\u00a0 “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality<\/em>“\u00a0\u00a0 <\/u>Iraq is going from the stone age to the state of the art very quickly.\u00a0<\/u> This is important for sure an they move away from a closed banking system to one that engages with the global financial system.\u00a0 IMO, this will support and encourage the rapid growth of a private sector\/market economy.<\/strong>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait<\/em>?]\u00a0 Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF…<\/strong>\u00a0\u00a0 Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance.<\/strong> In Iraq’s case – it is not internationally traded and therefore not accepted.\u00a0\u00a0 …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?<\/strong>
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BGG\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0 Articles:\u00a0 “Mosul .. Iraqi forces predict the ‘big wins’ within hours<\/em>”\u00a0\u00a0 “Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland<\/em>”\u00a0\u00a0 “Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation<\/em>”\u00a0\u00a0 So there are a few juicy headlines… I am still amazed at everything going on over there<\/strong> – and people still (as late as last nite) e-mail me boo hooing about how it hasn’t happened yet.\u00a0 I just comment on it – the mass of incredible news is just stunning. Iraq is moving forward with great speed.<\/strong>\u00a0 [We haven’t had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished<\/em>?]\u00a0\u00a0 I can only go by their most recent commentary – all looks good from what they have said. Once this security “check box” is filled – we’ll have to see what they do.<\/span><\/strong>
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Economic Adviser to the Prime Minister: any country linked to terrorism must be written off debts and in 2022 we will be the biggest payment<\/span><\/h1>\n

BAGHDAD \/ tomorrow Press:<\/strong> After Greece ‘s financial crisis and what is passing through Jordan today ‘s economic crises feel the Iraqi people who have multiplied and multiplied his government loans scared, Dr. appearance of Mohammed Saleh economic advisor to Prime Minister al – Abadi spoke about the Iraqi debt in detail in this dialogue, and pointed to the accumulation of past debt and current debt, benefits and how to repaid warning in 2022 , which will be the largest payment , according to his description…<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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Phillyman (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 \u00a0I’m hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction. \u00a0It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.<\/u><\/strong>
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tman23 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide?\u00a0 IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON<\/strong>…\u00a0\u00a0 Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then…\u00a0The people do not believe in their government or their country.\u00a0 \u00a0IMF says on their website that a countries currency can have a major psychological affect on it’s citizens<\/strong>…We shall see !!
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Iraqi Dinar\/Dollar auction 03-14-17 (most recent listing)<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3401<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 03-14-2017<\/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>\n36<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n11<\/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$)<\/td>\n163,486,588<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n163,486,588<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/span><\/em>
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tman23 (Dinar Guru) –<\/span><\/strong>\u00a0 Article quote:\u00a0\u00a0 “WASHINGTON,\u2014 U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday.<\/em>”\u00a0 \u00a0SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi…THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE…IMF MEETING TAKING PLACE WITH IRAQ…THEY HAVE A PLAN ROLLING OUT…LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.<\/strong>
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Enorrste (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then.\u00a0\u00a0\u00a0I am confident that we will make a significant profit within a reasonable period of time.\u00a0<\/strong> I am 68, so that “reasonable period” isn’t that long!
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tman23 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Post Mosul…What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide?\u00a0 IMO…THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE…IT’S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON<\/strong>…\u00a0\u00a0 Abadi promised them all a raise retro active back a full year when he became the PM…Never knew where the $$$ was coming from then…\u00a0The people do not believe in their government or their country.\u00a0 \u00a0IMF says on their website that a countries currency can have a major pyscological affect on it’s citizens<\/strong>…We shall see !!
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\"Iraqi<\/p>\n

Mosul .. Iraqi forces predict the ‘big wins’ within hours<\/span><\/strong><\/h1>\n

Spokesman for the Iraqi joint operations Yahya said Messenger Saturday that “the coming hours” could see a “great victories” of Iraqi forces on Daesh fighters in Mosul, pointing out that the liberalization of the west coast of the entire city is near…<\/span><\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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BGG (Dinar Guru) –<\/span><\/strong> Anyone recall how many days it’s been since the CBI website went without updating the daily rate?\u00a0\u00a0 [They went from January 4th up until a couple days ago, so like 45 business days or so<\/em>.]\u00a0 Kinda’ weird how they just started updating the CBI website again – after something over 45 days? Wow? No change in status – of course<\/strong>…just really weird.
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tman23 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span> HOLD ON TO YOUR SEAT… “WASHINGTON,\u2014 U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq.”\u00a0 \u201cMr. Minister, are there plans to expand U.S. oil investment in Iraq?\u201d one reporter asked. Tillerson extended a handshake to the minister and said, \u201cwelcome.\u201d Reporters were then quickly escorted from the room.<\/em>” AND THEN…\u00a0 “Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19..<\/em>.”\u00a0\u00a0 KABOOM! The reschedule comes at the request of the White House…ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.<\/strong>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0 Article:\u00a0 “Central: financial sector management electronically end of 2017<\/em>”\u00a0…one of the reasons the dinar will rise gradually is that the CBI can profit as it rises.<\/u> <\/strong>The buy\/sell of the dinar creates commissions.\u00a0 It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.<\/strong>
\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>\n1257.645<\/td>\n1257.016<\/td>\n<\/tr>\n
British pound<\/td>\nGBP<\/td>\n1443.414<\/td>\n1442.693<\/td>\n<\/tr>\n
Canadian dollar<\/td>\nCAD<\/td>\n881.740<\/td>\n881.299<\/td>\n<\/tr>\n
Swiss franc<\/td>\nCHF<\/td>\n1173.555<\/td>\n1172.969<\/td>\n<\/tr>\n
Swedish krona<\/td>\nSEK<\/td>\n132.025<\/td>\n131.959<\/td>\n<\/tr>\n
Norwegian krone<\/td>\nNOK<\/td>\n137.668<\/td>\n137.599<\/td>\n<\/tr>\n
Danish krone<\/td>\nDKK<\/td>\n169.177<\/td>\n169.092<\/td>\n<\/tr>\n
Japanese yen<\/td>\nJPY<\/td>\n10.314<\/td>\n10.308<\/td>\n<\/tr>\n
Special
\nDrawing Rights<\/td>\n		SDR<\/td>\n1597.926<\/td>\n1597.127<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Indicative rates – 03.16.2017
\n<\/strong>
\nhttp:\/\/www.cbi.iq\/<\/a><\/strong><\/em><\/h2>\n

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MadDScout (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 [...if the budget is starting to be opened, will they be opening it with the new rate<\/em>?]\u00a0\u00a0 Rate is something subject to conditions needing to be met not something already in the budget.<\/u><\/strong>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country<\/em>”\u00a0 There is no private sector without opening the banking system to the world.\u00a0 Simple as that.\u00a0 <\/strong>
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BGG (Dinar Guru) –<\/span>\u00a0\u00a0 <\/strong>[how is investment<\/em>?]\u00a0 The investment is doing just fine – glad to be in it. No need for “secret intel” sources. This is getting good.\u00a0<\/strong> Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both “forecasting” the start of economic and financial reform as soon as ISIS was defeated in Mosul – they were believing this would have happened in Jan – Feb…BUT…\u00a0\u00a0\u00a0 their optimism is still real – “first part of 2017” is still accurate – this appears to be a foregone conclusion, ISIS gone – MR started.\u00a0 So – we’re good…and appears to be happening as we speak.<\/u>..<\/strong>
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Mohammed Saleh: The central bank has a big role to emerge from the financial crisis for the country <\/span><\/h1>\n

Economy News \/ Baghdad …<\/strong> Set up the House of Wisdom Department of Economic Studies panel scientific symposium, Thursday, on the implementation of private sector development in Iraq strategy requirements (2014 2030)<\/p>\n

The seminar was attended by Dr. appearance of Mohammed Saleh financial advisor to the prime minister and professor Samir Nasiri, an economist and banking and a number of economists and bankers*<\/p>\n

And Dr. appearance of Mohammed Saleh during the symposium on how strategic economic implement and apply them to the ground adding that the private sector is the backbone of the Iraqi economy and millions of citizens working within the private sector, calling out the importance of getting rid of the market gap through public sector cooperation and private in order to create a large market…<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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Enorrste (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country.<\/strong><\/u> You can rest assured that most of the \u201cFortune 500\u201d companies in America, not to mention others around the world, will want to \u201cstake their claim\u201d in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. <\/u>I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. <\/strong>Within two or three years we should see a world reserve currency emerge and be poised to take our profits.\u00a0 [post 3 of 3]
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Enorrste (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 The next phrase that struck me is \u201cthe adoption of advanced banking technologies adopted by the biggest banks in the world.<\/em>\u201d This phrase emphasizes…that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year.<\/u> Following along with that…is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all.\u00a0 …this will have to be at least initiated prior to the end of this year<\/u><\/strong>.<\/u> It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase.\u00a0 That phrase is \u201cthe entry of active cooperation with the world\u2019s largest companies<\/em>.\u201d Once this new high-tech banking system is in place we will see the \u201cWild West\u201d that \u00a0KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular \u201cthe world\u2019s largest companies,\u201d will leap at the chance to enter into this essentially untapped market<\/u>. <\/strong>The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market.\u00a0 [post 2 of 3….stay tuned]
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Enorrste (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0Article:\u00a0 “Central: financial sector management electronically end of 2017<\/em>”\u00a0\u00a0 \u00a0There are four phrases in this article that got me excited…The first is the phrase \u201cin the best world systems<\/em>.\u201d What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the \u201cfront of the line<\/em>\u201d in terms of technological development.<\/u> This is consistent with Saleh\u2019s statement made years ago that the dinar would become a \u201cworld reserve currency<\/em><\/u>.\u201d<\/strong> When your banking system is among the world\u2019s best that means that you are poised to move directly into the world foreign currency exchange market.\u00a0 But the next phrase is where Saleh\u2019s statement about the dinar become a world reserve currency gains some credence. That phrase is \u201chelps to pull the money supply of homes to the banking sector<\/em><\/u>.\u201d We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh\u2019s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply<\/u>, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world.<\/u>\u00a0<\/strong> [post 1 of 3….stay tuned]
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\"\"Maliki afraid of his trial and the inauguration of the new governor of the capital to fuel the conflict between him and the Sadrists<\/span><\/span><\/b><\/p>\n

Raged differences within the National Alliance, a Shiite ruler, after the dismissal of the former Baghdad Governor Ali al-Tamimi and the election Atwan Atwani substitute, where the former governor Ali al-Tamimi belongs to the Sadrist movement block free, while the new governor belongs to the bloc coalition of state law, led by Nuri al-Maliki, who began the liquidation of political opponents during his bloc in parliament, where he has managed in the last period of the dismissal of a number of ministers and officials in the government as a kind of revenge for the lack of support for the third term of the former Prime Minister, Vice President of the Republic the current Nouri al-Maliki, and the latest was the governor of Baghdad, Ali al-Tamimi, who formed his dismissal pivotal point in Shiite conflict within the House…<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0[adding to the previous question… what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?<\/em>]\u00a0\u00a0My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue.<\/strong> [post 2 of 2]
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Adam Montana\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0 [When they revalue it, no matter what number it goes to…Let’s say it’s .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that’s true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone<\/em>?]\u00a0\u00a0 I do agree that it will rise, especially if they start it at $0.10…<\/strong>that said, it’s impossible to pinpoint which notes they will call in first,\u00a0or how long they will allow the “old” notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it’s reasonable\u00a0to think we can expect that much time, but there is no guarantee on that.<\/strong> [post 1 of 2….stay tuned]
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BGG\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0<\/span> Article:\u00a0 “Warnings of severe deterioration of the dinar after the appetite for dollar<\/em>”\u00a0\u00a0 This is an OP ED piece…Opinion of writer only…no guarantee of veracity… the big take-away for me was – the author points out a few things that are HISTORICALLY accurate – then says – IN ESSENCE, you can fix it all with currency reform<\/u><\/strong>.\u00a0 Quote: “…in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that’s what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems<\/em>…”\u00a0 “...CAN – SOLVE – A – LOT – OF – PROBLEMS<\/strong>…”\u00a0 BOOM!<\/strong>
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IS leader Baghdadi abandons Mosul fight to field commanders, U.S. and Iraqi sources say<\/span><\/h1>\n

By Isabel Coles, John Walcott and Maher Chmaytelli | MOSUL, IRAQ\/WASHINGTON<\/em><\/strong><\/h4>\n

U.S. and Iraqi officials believe the leader of Islamic State, Abu Bakr al-Baghdadi, has left operational commanders behind with diehard followers to fight the battle of Mosul, and is now hiding out in the desert, focussing mainly on his own survival…<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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Loop (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 “REACT controls on the main court of the organization and the Central Bank branch in Mosul<\/em>”\u00a0 THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.<\/strong>
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tlm724 (Dinar Guru) –<\/span>\u00a0\u00a0<\/strong> Article:\u00a0\u00a0\u00a0“Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country’s foreign investment<\/em>”\u00a0 \u00a0Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon.<\/strong>\u00a0 The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
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Shredd (Dinar Guru) –<\/span>\u00a0\u00a0<\/strong> Article:\u00a0 “Central Bank: the financial crisis behind us and the next few days are promising<\/em>”\u00a0 Quote:\u00a0 “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh<\/em>.”\u00a0\u00a0 This is a great reminder of the wealth Iraq has and the interest from foreign investment. “Iraq will become a country of foreign investment” — that is for sure and as note, that will become a huge part in the rebuilding of the country.\u00a0 In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward<\/strong>.\u00a0\u00a0 …this is not an “If” but a “When” regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq.<\/u>\u00a0 <\/strong>The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand.\u00a0<\/strong> None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.<\/strong>
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Iraqi Dinar\/Dollar auction 03-08-17 (most recent listing)<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3397<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 03-08-2017<\/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>\n36<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n11<\/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$)<\/td>\n163,486,588<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n163,486,588<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/span><\/em>
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Islandg1211 (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0\u00a0Many of us were hoping that Trump would speed up the RV.\u00a0 He may not have done that, but rest assure he isn’t going to let it be delayed.<\/strong> He’s put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order:\u00a0 1) Mosul (and then Raqqa)\u00a0 2) National Reconciliation Law\u00a0 3) Day of Celebration for getting rid of ISIS and coming together politically\u00a0 4) HCL\u00a0 5) RV with no announcement nor fanfare.\u00a0<\/strong>\u00a0 Trump certainly could try to push a settlement politically quicker and get the RV done sooner.\u00a0 But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands.<\/strong>\u00a0 In January, I posted these same thoughts, and I don’t see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 <\/strong>(the high end of the original Ernst and Young appraisal of the Dinar.)
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “Central: financial sector management electronically end of 2017<\/em>”\u00a0\u00a0 Currency reform should start well before end of year IMO<\/strong>.<\/u>
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MadDScout\u00a0(Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0 Article quote: “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100<\/em>.”\u00a0\u00a0 “marked decline by five thousand dinars to the category of $ 100.<\/em>”\u00a0\u00a0 …what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar<\/u>.\u00a0<\/strong> Today they received 30 billion in loan assistance…18 from imf and 12 from Great Britian.<\/u>
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revbo (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Iraq forces advance into Mosul city<\/em>”\u00a0 \u00a0…the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.<\/strong>
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Central bank: Iraq overcome the financial crisis and the coming days bode well<\/span><\/h1>\n

The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.<\/p>\n

He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended,<\/strong><\/em> adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq’s companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/showthread.php?47123-Central-bank-Iraq-overcome-the-financial-crisis-and-the-coming-days-bode-well-3-5<\/a><\/strong><\/em>
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Loop (Dinar Guru) –<\/span><\/strong>\u00a0 <\/span> to follow this comment up – the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger… looking more and more like a trend. Monetary policy (in the real world) is tightening up<\/strong>…and I point this out because…the culmination of what we are wanting to see is being forecast by numerous other, smaller moves – this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.<\/strong>
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BGG (Dinar Guru) –<\/span>\u00a0<\/strong> Article:\u00a0 “Central bank: Iraq overcome the financial crisis and the coming days bode well<\/em>”\u00a0 Quote:\u00a0 “…Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities<\/em>…”\u00a0 None of this can happen…without a serious shift in economic and currency policy.\u00a0 <\/strong>Just can’t happen. They are back to “forecasting” as they were in late 2016…this time – the timeline isn’t months or a part of the year…but it’s “days” in their own words…NOT weeks, months or years.<\/strong><\/u>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Central: financial sector management electronically end of 2017<\/em>”\u00a0\u00a0 Quote:\u00a0 “...<\/em>the current year will see in the fourth quarter sophisticated financially important is linking the banking sector<\/em>…”\u00a0\u00a0 This is a huge article!\u00a0\u00a0 It appears to me that they are stating that this year they expect to open the banking system to the world.\u00a0<\/u> That freedom of movement and international transactions will begin.\u00a0 This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform<\/u>.<\/strong>
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Revbo (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Central Bank: the financial crisis behind us and the next few days are promising<\/em>”\u00a0\u00a0 S<\/u>ounds like they want to get things moving pretty quickly after Mosul is over,<\/u> and nobody’s coming in if they can’t get their money out.<\/strong>
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Iraqi Dinar\/Dollar auction 03-07-17 (most recent listing)<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3396<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 03-07-2017<\/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>\n33<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n12<\/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$)<\/td>\n162,331,667<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n162,331,667<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/span><\/em>
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Phillyman (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Articles:\u00a0 “Iraqi command says a few meters close from Mosul government complex<\/em>”\u00a0\u00a0 “Iraqi forces control most of 2 western Mosul districts, pound Tal Afar<\/em>”\u00a0 “Iraqi forces launch fresh push in western Mosul battle<\/em>”\u00a0 “Iraqi forces near government buildings in Mosul as fight against ISIS continues<\/em>”\u00a0 Obviously the timing of the Mosul operation being complete is all over the place <\/strong>but I wanted to put this quote from the first article here in case you missed it. \u00a0This is the opinion of a Lt. General, Federal Police Chief:\u00a0 “He said the troops have become a few meters away from the government complex, adding that retaking that area could mean \u201ca 80 percent strategic and moral victory in western Mosul battles<\/em><\/strong>\u201d.
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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 I mentioned in my weekly…update that I’m getting a bit giddy right now. There’s a good reason for it! We are at a\u00a0tipping point, and this is going to either make us some money, or we’re going to be walking away soon. <\/strong>Either way, I think all of us will be happy. Either we make out\u00a0like bandits or we just say “we enjoyed the ride”, right?!\u00a0 Based on what I’m hearing from my<\/em> people, I am leaning toward the bright side of it.\u00a0<\/strong>
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Loop (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Quote:\u00a0 Article quote:\u00a0 “The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100<\/em>.”\u00a0\u00a0 marked decline by five thousand dinars to the category of $ 100.\u00a0 That is all it is saying.<\/strong> Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI’s statement made on Wednesday.\u00a0<\/strong> [so what does that mean<\/em>…?]\u00a0 It means that the CBI has put a system into place that allows them…control of\u00a0the stability of the dinar in the market place. <\/strong>This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.<\/strong>
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Vision that the economic recovery in the post-Iraqi dinar<\/span><\/span><\/b><\/p>\n

 <\/p>\n

Economy News \/ Baghdad …\u00a0<\/b>The CBI has issued a press statement in which he explained that the slight decline in the dollar against the Aldenarabraghi it causes Alryise PROCEDURES AND ORGANIZATIONAL new used to regulate the sale of Currency window and curtail the role of middlemen and speculators<\/u> as well as the commitment of the private banks and their cooperation with the Central Bank of cushions and the role played by the Association of Banks He urged the Iraqi special departments of banks on the need to support the orientations of the central bank at the service of the national economy and harnessing the potential of the private banks in the central purpose of which is to work on the recovery of the Iraqi dinar and raise its value<\/b> and cash Acharayah against the dollar<\/u>…<\/p>\n

Read More: http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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tman23 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 “Kurdistan region,\u2014 Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year.” \u201cThere will be two elections in September: parliament and presidential,\u201d Barzani said during an interview …I won\u2019t be a candidate myself<\/u>.”<\/em>\u00a0\u00a0 WHY IS THIS A FACTOR?\u00a0 \u00a0TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON!\u00a0 AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY<\/u><\/strong>…HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD…THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE…TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED…NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST…i BELIEVE THEY MEET TO ANNOUNCE…AND SIGN…NOT NEGOTIATE!<\/strong>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Parliamentary Finance’s “approach” to postpone the project to delete the zeros until further notice<\/u><\/em>”\u00a0 Quote:\u00a0 “…Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice<\/em>.”\u00a0\u00a0 …that almost has the “smack” of her pointing out that this WAS PLANNED – then POSTPONED until further notice.\u00a0\u00a0 Which is…accurate…they aren’t saying further notice isn’t tomorrow, next week or next month either<\/u>.\u00a0 Why would they be “rehashing” a decision that was put off back in 2012 – right now<\/em>?\u00a0 Over a concept that is DIRECTLY germane to their forward economic progress.\u00a0 In fact…it is a little weird this is coming out now – right near the end of Mosul… or in this “first part of 2017 timeframe” – why now?\u00a0\u00a0 I think it’s obvious<\/u>. <\/strong>
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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 …I have a couple of rumors that I’m holding onto.\u00a0I had hoped to have\u2028 a better confirmation on them before posting this… I do not have\u00a0\u2028what I need in order to release it, so I’m sticking with my
\noriginal\u00a0\u2028guesstimate of the rate.\u00a0<\/strong> When I think about it, I hope I’m wrong and y’all are riding with me\u00a0\u2028to a much higher rate! <\/strong>You don’t want to see $3.14 any more than I\u2028 do! But I’m a realist, and that guides my logic on matters like this…Let\u2019s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego\u2019s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there\u2026 eventually.\u00a0 I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don\u2019t think they will immediately jump to that rate even if they ultimately desire it to be so.<\/strong>
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Iraqi Dinar\/Dollar auction 03-05-17 (most recent listing)<\/strong><\/span><\/h2>\n

Currency Auctions Announcement No. 3394<\/strong><\/p>\n

This daily currency auction was held in the Central Bank of Iraq on the 03-05-2017<\/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>\n32<\/td>\n<\/tr>\n
Number of remittance companies<\/td>\n13<\/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$)<\/td>\n162,332,926<\/td>\n<\/tr>\n
Amount purchased at Auction price (US$)<\/td>\n—–<\/td>\n<\/tr>\n
Total offers for buying (US$)<\/td>\n162,332,926<\/td>\n<\/tr>\n
Total offers for selling (US$)<\/td>\n—–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More: http:\/\/dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/span><\/em>
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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<\/div>\n","protected":false},"excerpt":{"rendered":"

Abadi looking with two US firms electricity and airlines to develop Economy News \/ Baghdad \u2026Search Prime Minister Haidar al-Abbadi (who is visiting Washington for now), with two US firms to develop the electricity sector in Iraq and the Iraqi … 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":true,"_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":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[3,8,17,5,18,6,7,26,23,4,21,20,22,25,19,14,9,11,12,13,10],"class_list":["post-13517","post","type-post","status-publish","format-standard","hentry","category-dinar-observer","tag-dinar","tag-dinar-chat","tag-dinar-detectives","tag-dinar-guru","tag-dinar-gurus","tag-dinar-info","tag-dinar-news","tag-dinar-recaps","tag-dinar-recaps-blog","tag-dinar-rv","tag-dinar-to-usd","tag-dinar-trade","tag-dinar-updates","tag-dinar-value","tag-dinar-vets","tag-iqd","tag-iraqi-dinar","tag-observer","tag-recaps","tag-revaluation","tag-updates"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/s8gMgY-13517","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/13517","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=13517"}],"version-history":[{"count":6,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/13517\/revisions"}],"predecessor-version":[{"id":13523,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/13517\/revisions\/13523"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}