DINAR OBSERVER DAILY May 2nd

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.

Word for the day…

Mrs. BGG

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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

CURRENCY CODE SELL BUY
US dollar USD 1182.000 1180.000
Euro EUR 1342.516 1341.844
British pound GBP 1720.046 1719.186
Canadian dollar CAD 942.283 941.812
Swiss franc CHF 1222.211 1221.600
Swedish krona SEK 146.805 146.732
Norwegian krone NOK 145.200 145.127
Danish krone DKK 180.367 180.277
Japanese yen JPY 10.578 10.573
Special
Drawing Rights
SDR 1670.710 1669.874

http://www.cbi.iq/

Indicative rates – 05.02.2015

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A man’s rights rest in three boxes. The ballot box, jury box and the cartridge box. – Frederick Douglass

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*** Current News ***

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Islandg1211 - We are seeing gains in the fight against ISIS in Iraq. Their money has been hit. Their IED stockpile, their leaders, their snipers are targeted, and the areas they once held are being liberated. Many different troops are fighting under one Army…Step by step there is progress on the ground.
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tman23 - …APRIL SHOWERS BRING MAY FLOWERS… AND THAT IS THE BEST EXPLANATION I HAVE…NOW SIT BACK AND WAIT FOR THEM TO BLOOM…
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tlm724 - In addition, the price of oil has become the main engine to display the Iraqi currency.  When the price of oil rises, it will be the Ministry of Finance more dollars to be transferred to the Iraqi dinar with the central bank. If the exchange rate stable and has not changed, the more Iraqi dinars must be provided for the purchase of which will lead to increased supply cash. Conversely, a fall in oil prices would have the opposite effect.  (post 2 of 2)
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Abadi seeks to liquidate al-Maliki and Allawi and Nujaifi relying on our movement protest

BAGHDAD / Hassan Shammari: The leader of the Sadrist Prince Kanani, on Monday, Prime Minister Haider al-Abadi seeks to liquidate his opponents (Nuri al-Maliki and Ayad Allawi and Osama Najafi, by relying on the demonstrators, stressing that the protest movement is in the interest of the end for al-Abadi.

Said Kanani in alone for “Middle East”, and seen by “Sky Press,” that “Abadi Pat derives its strength from the demonstrators, and he was able to cross the protests of the overthrow of the leaders of the senior fold: Nouri al-Maliki, and Iyad Allawi, and Osama Najafi, Saleh al-Mutlaq through package The first reforms last year. ”

Kanani said that “al-Abadi is not weak as many fancy, but it will work on the liquidation of the remaining adult opponents, to take advantage of this protest movement flowing into the end of his interests.”…

Read More: http://www.dinarupdates.com/blog/
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tlm724 - In Iraq, the most effective means to control the money supply is through the exchange rate control, because the money mainly arise from the conversion of the Central Bank of dollars of state oil exports to the local currency.  If the central bank raised the Iraqi dinar against the US dollar, it will add an additional dinars per dollar purchased from the government. If the exchange rate has reduced the money supply growth rate will slow down.  Since the stability of the exchange rate is one of the main objectives of the Central Bank of Iraq, the use of the exchange rate for macroeconomic management was limited.  (post 1 of 2….stay tuned)
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tman23 - Saying government does not play a role in exchange rate doesn’t make it so… CBI is independent no doubt and there role is to maintain currency stability through the market…inflation… employment …etc…The GOI plays a role in all these matters..
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Islandg1211 - We have had a lot of news these past ten days, including:  Jack Lew co-signed Iraq’s debt.  Banking Reforms were 98% complete.  Progress fighting ISIS.  Abadi’s five out of ten Ministers replaced.  Arrests.  Jack Lew, Ash Carter, and Biden had meetings in Baghdad.  Government extended this holiday weekend. Plan is needed for who will get credit for Mosul.  Protest against the GOI, supporting Abadi.  State of Emergency declared. Three presidents met and gave Abadi sole authority today.  And Oil prices are in the mid $40s. We have had Intel from Frank(26) that the BIS has approved the RV on April 28.  Now, combine both the news and the Intel.
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!cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DABe sure to join the New Dinar Updates “private” FaceBook Group…

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Millionday - Article quote:  “…met the three presidencies, on Sunday, in the home of President Fuad Masum…“  TONIGHT [SUNDAY] THE THREE PRESIDENTS HAD AN EMERGENCY MEETING AND ALSO ALL HEADS OF PARTIES WERE THERE AS WELL — THEY STATE THAT IT IS ABOUT THE STORMING OF THE GREEN ZONE — HOWEVER THAT WAS FED UP CITIZENS WAITING ON THE REFORMS AND ACTION AND HAD BEEN RESOLVED — SECURITY TOOK CARE OF IT.  LOVE TO HAVE BEEN A FLY ON THAT WALL AT THE MEETINGS — WOW — ARAB STOCK MARKETS AND THEN THREE PRESIDENTS AND OFFICIALS — AND ISO — LOVE IT ALL.
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Poppy3 - I BEEN TELLING YA’LL FOR MONTHS EVEN YEARS THEIR NEWS MEDIA AND OURS ARE IN THE BUSINESS OF THEIR OWN AGENDA AND RATHER TWIST THE NEWS TO THEIR POINT OF VIEW OR AGENDA TO MAKE NEWS NOT REPORT NEWS. WATCH THE ACTIONS AND THAT WILL SHOW THE FACTUAL HAPPENINGS.  WE WANT THE PEOPLE OF IRAQ TO GET THE THINGS THEY WANT AND NEED FROM THEIR GOI. WHEN THEY DO WE WILL HAVE WHAT WE WANT. 
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Islandg1211- Frank  is…saying that in his opinion he has more than enough data to conclude the CBI is going to raise the rate of their currency.  He is stating that he believes there is finally going to be stability in the GOI.  Making ISIS extinct, getting a stable government, replacing the CBI Governor, raising the rate, will finally allow this rich in resources nation take off in 3,2,1.
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tman23 - There will be no Parliament Tuesday… That is cancelled… They will be meeting IMO in Najaf which was designated as the emergency set up for the GOI…The roads have been worked on with fence…and high security for the past 4 weeks… We will see how this plays out…But the announcement will come from Najaf…
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Poppy3 - I TOLD EVERYONE…THEY NEVER NEVER NEVER FINISH ANYTHING IN ADVANCE OR ON TIME. JUNE NEXT WINDOW…THEY ARE DOING ALL THEY CAN TO PREPARE FOR.  HOPING THEY CAN PULL THINGS TOGETHER BY THE DEADLINE IMF SET FOR THEM. JUNE ISN’T FAR FROM HERE.
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rcookie - LACK OF QUORUM, WAS OFFICIAL REASON GIVEN TO POSTPONING CABINET RESHUFFLE VOTE TO TUESDAY...
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Aggiedad77 - …remember Frank(26) saying “all hell will break loose”…well the confusion was..IMO…nothing but a ruse…Abadi let them into the GZ…Perhaps this is his reasoning for the implementation of Article 61…for then I believe he would be in control and there probably wouldn’t need to be a votehe knows he’s got the backing of Masum, the Holy Men, and the US…he just needed to get to a point…IMO… where he felt comfortable pushing this forward…or his handlers…US…put the leverage in the right place to make it happen…I see nothing but good coming from this… maybe not today…or tomorrow but in the coming days…all IMO…I think it’s time to BE HAPPY…
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Islandg1211 - This has been my only time frame that I personally focused on.  I felt that April 2016 was the “targeted” window for the Monetary Reform.  When Jack Lew co-signed for Iraq’s debt last week, I was very encouraged, feeling that the date and rate had been set.  What is Shaibi’s plan?  The conditions need to be right” according to Shabibi’s plan, including security, stability, and possibly Maliki arrested.  With all the Monetary Reforms that have been done, plus the foreseeable security against ISIS, the remaining issue is stability within the GOI. We know Abadi has half his Ministers replaced.  Yesterday, he declared a State of Emergency. Today, he had the three presidencies back him up presumably doing it legally under Article 61 of the Constitution. The ball is in your court Abadi. You have two more days of government Holiday.  Today, you curtailed any more possible protesting inside the Parliament.  We just have to see what Abadi does next.
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from 4/21 – @ 6:00pm CST

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mike - Article quote:  “Kurdistan blocs condemned in the House of representatives on Sunday, storming of Parliament by protesters and “assault” on the House of representatives…“  The Kurd’s may condemn yesterday’s actions but they’re just as much to blame as any other member of Parliament, they’ve done everything they can to hamper progress…   Abadi has failed, miserably, again. He is the commander in chief of Iraq and he has proven he’s incapable of defending his country, even from themselves. I can’t even imagine what his next step is, how is he and the country going to recover from the embarrassment and failure to protect the seat of the legislative branch and it’s members? Hopefully it’s with force, both with the protesters and those who are continuing to impede progress. Get Parliament back into the building and lock the doors until a solution is reached, the time for delays have long passed. It’s just an opinion, but the time for action is now…
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Mountainman - Article quote:  “Hold a meeting of the three presidencies Prime Minister Haider al-Abadi full responsibility for the entry of demonstrators took to the Green Square and the storming of the parliament building…As it demanded by using his constitutional authority to protect the prestige of the state and its institutions.”   After Yesterdays PLANNED CHAOS it sure Is A IMPORTANT {MAY DAY} for IRAQ and it’s CITIZENS…a Much MORE [Inclusive] and POSITIVE Outlook TODAY and on their FUTURE…The CONFIDENCE ABADI is Speaking w/is Very Encouraging.
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Iraqi Dinar/Dollar auction (most recent listing) 05-02-16

Currency Auctions Announcement No. 3190

This daily currency auction was held in the Central Bank of Iraq on the 05-02-2016

The results were as follows:

DETAILS NOTES
Number of banks 26
Number of remittance companies 20
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 96,077,314
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 96,077,314
Total offers for selling (US$) —–

More: http://dinarupdates.com/observer/
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BGG - [your impression of today's events?]  Probably the best true News Day in a long time…has been running on the Fox news ticker all day long [Saturday]…and since most of us hold their currency – BIG DAY.  Very exciting – we think it is “business as usual”…except…it has been running on every channel – all day long since 6 AM [Saturday]…FOX has run this on their ticker over and over and over and over…  …protests are about Sadr wanting reforms – Abadi wants reforms – this is good for him in the long run…this plays DIRECTLY into his political “wheel house”…he’s GOBBLING up the int’l attention…Sadr is NOT THE CATALYST…but he is helping get things moved on down the road…  [In light of these last couple of days, do you think Abadi will go ahead and call for early elections and replace people by proxi or will he still try and do things through parliament?]  looks more and more like – maybe…that only puts Abadi in  HYPERDRIVE…good for us. [...this didn't slow things or mess up timing?]  when in a “HIGH PROFIT INVESTMENT” – turmoil is ALWAYS GOOD…Turmoil is the catalyst for upward movement…   [Any clue as to WHEN?]  the IMF already told you when.
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Chest: elections, “early” may be the beginning of the end of quotas and corruption

Chest: elections, “early” may be the beginning of the end of quotas and corruption

Saw the cleric, Muqtada al-Sadr, on Wednesday, said that “early elections” may be the beginning of the end of quotas and corruption!!

Read More: http://www.dinarupdates.com/showthread.php?33619-Chest-elections-quot-early-quot-may-be-the-beginning-of-the-end-of-quotas-and-corruption&p=150632#post150632
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Islandg1211 - This OK Corral situation prompted the shutdowns and troops, and may be setting up Abadi to declare a state of emergency which would give him the Constitutional right to act as he sees fit. He could appoint the rest of his cabinet. With the troops in Baghdad, making more arrests, namely Maliki’s safer. Let’s be patient this weekend and see how things unfold.
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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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