DINAR OBSERVER DAILY July 27th

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
US dollar USD 1182.000 1180.000
Euro EUR 1299.845 1299.195
British pound GBP 1550.784 1550.009
Canadian dollar CAD 894.844 894.397
Swiss franc CHF 1197.083 1196.485
Swedish krona SEK 136.812 136.743
Norwegian krone NOK 137.740 137.671
Danish krone DKK 174.728 174.641
Japanese yen JPY 11.322 11.316
Special
Drawing Rights
SDR 1639.292 1638.473

Indicative rates – 07.27.2015

http://www.cbi.iq/

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He who decides a case without hearing the other side, though he decide justly, cannot be considered just. – Lucius Annaeus Seneca

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*** Current News ***

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Breitling (Dinar Guru) -  ….What if they do put that currency out there and we’re left with nothing?  They can’t do that cause you have banks and institutions around the planet that have the Iraq currency.  I know Chase bank specifically does.  By the way there is NO special banking group that gets to “cash in” and no body else does…hopefully you guys have grown up by now and you don’t believe any of that garbage.  There is no such thing.  It simply does not exist and it’s never happened that way and never could happen that way.  So the scenario is they are going to add value to their currency, exactly like they said they were going to and the currency you and I have.  Eventually they are going to retire the notes.  (you’ll be able to trade for the new notes for an equivalent amount) It’s that simple.  It’s very strange what we’re watching but they’ve explained it thoroughly… [Post 2 of 2]
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Mountainman (Dinar Guru) -   We Hear A Lot About IRAQ and Yes, They are a COMPONENT w/in the NEW GLOBAL REALITY…IRAQ is and was Meant to Be the LAST TIMING MECHANISM as it GAVE (Time) to the Other COUNTRIES to IMPLEMENT said IMF Requirements Along the Way… BEGINNING AUGUST 2016, SEPTEMBER 2, 2016 = A NEW VALUE PLATFORM…
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Frank26 (Dinar Guru) -   there are no woes…there are no troubles… there are no miseries…I don’t even want to say delays.  Abadi now has a clean slate of many minister’s seats that he is going to fill in…he needs time to do it…September 2nd is huge…there is this new banking root system that is being brought into many countries…many banks…and is going to be connected with Iraq…when…September 2nd…everybody wants to get into Iraq…every country is pounding on the doors trying to get into Iraq…IMO…Iraq is ready to lift the value of their currency…but we need to let the paint dry…they are tying up loose ends.   [post 2 of 2]
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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
from 7/25 “After Call” – RCookie, Mr White, BGG and Hutch

Smart phone user link – Click here

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rcookie (Dinar Guru) -   [...did Amnesty law get passed yet?]  NOT YET…ITS CUED UP AND AWAITING WITH FED COURT..NG…AND EVENTUALLY ACCOUNTABILITY & JUSTICE…
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ADMINBILL (Dinar Guru) -   THERE IS MUCH HAPPENING TONIGHT THAT MAY LEAD TO THE EVENT SHORTLY.
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Frank26 (Dinar Guru) -   I’m sorry if your hopes were up that it was going to happen in July or June… I was expecting it to…our studies indicated they were being brought into the international theater…by the IMF, the US, and many other three and two letter agencies…guess what…they are there.  Now we still need proof I suppose that is in written form that says they are international…my opinion expresses they are international…As much as you and I were excited about them entering the international world…hey they should raise the value now right…yeah…and I still agree with that 100%…but when you make a decision to go from A to B…please be fair and realize it takes time to go from A to B once you make that decision.  Well I believe deep in my heart that Iraq has been brought to the steps that lead them not only into the international world…but leads them into the reason to raise the value of their currency…   [post 1 of 2....stay tuned]
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wmawhite (Dinar Guru) -  [Speaking of supply and demand what is happening to the dinar notes once exchanged for $ ?]   first…remember, are you planning on exchanging in Iraq?  Of course not…because you will not get the USD…so you will exchange outside of Iraq?  Correct?  so those IQD notes will be outside of Iraq the CBI will not see them…  They become assets of…the US…Canada…UK…France, etc.  Remember… banks… central banks…hold foreign currency reserves…they are assets.
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rcookie (Dinar Guru) -   “Iraqi parliament session:  Parliament will vote on three bills discusses another six today“   …BUSY…BUSY DAY!!
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Follow us on twitter @DinarUpdates !!

follow Dinar Updates on twitterDon’t MISS – “DU NEWS TIME” w/RCoookie and Mr White in DU CHAT ROOM – Wednesday 7:30pm EST

www.DinarUpdates.com – save as favorite!

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Enorrste (Dinar Guru) -   Article:  “What does it mean to float the currency?“  Quote:  “Floating exchange rates fluctuate constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.“   Although Al Jazeera is not an official government source one must ask what would lead them to publish this on their own.  They have no motive on their own.  Therefore I would conclude that they were asked to do so.  The only people I can imagine that would ask Al Jazeera to do this would be either the CBI or the GOI (most likely the former).  That being said…this appears very positive.
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Breitling (Dinar Guru) -  …First…There is no reason at all to reduce the note count at all if they are going to pretend they are taking the 3 zeros off any of the notes. Second…There is no such thing as an “in country” revaluation.  It’s never happened in the history of all man kind.  I haven’t found one example.  I can go back 100 years and give you a history of currency competition…and there’s no such thing…it simply doesn’t exist.  It’s the most ridiculous thing.  A lot of articles are coming out about the polymer currency that they want to do.  and this also eliminates the idea that they are going to LOP the currency.  There is no reason to come out with a new currency if they are not going to add value to it and if they are going to lop the currency there’s no reason to have a new currency is there?  It’s doesn’t make sense.  The articles coming out about a new currency are very very good… [Post 1 of 2]
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wmawhite (Dinar Guru) -  Article:  “Reform plans awaiting allocations and mechanisms of action ” Article quotes: ”…said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq…“   “He added that the provision of the central bank’s six trillion five hundred billion dinars amount of investment is designed to achieve the government’s plan to restructure Iraq’s economy and moving it from rentier economy to a productive economy and give the private sector a key role in achieving this.”  this says it right here that this is planned and the IMF is part of moving the Iraqi economy into the private sector.
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RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016

PARLIAMENT

SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI…HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT’L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)…PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS…JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI…FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING…MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK…ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,…PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL…MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS…JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR…

Read More: http://www.dinarupdates.com/blog/
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ADMINBILL (Dinar Guru) -   LOOKS GOOD FOR THE NEXT 12 TO 24 HOURS ACCORDING TO LATEST INFO. RUMOR OF ABADI APPOINTING SHABIBI AS HEAD IF CBI TOMORROW.  RUMOR ONLY.  LET’S SEE WHAT THE DAY BRINGS.

BGG ~ What is this guy up to??

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wmawhite (Dinar Guru) -   [With the IMF endorsing the peg to the USD, how difficult will it be for Iraq to go to a float? And on that note, how hard would it be for Iraq to control/work with that float?]  IMO…Iraq/CBI will not float/free float the IQD.  The CBI could/can depegged if they want to in the next minute, if that is what is best.
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tlm724 (Dinar Guru) -   Article quote:  “…the lack of accountability of the misuse of public money, that will sound when the Council is asked to put his bill by the presidency of the Republic, which is empowered to rigging the Constitution was the text of the Constitution…“  yep…the Constitution needs some tweaking, it allows them to run roughshod and manipulate the system to their advantage ie: stealing money.Right now their Constitution reads like a third world comic book…It should have been amended years ago!
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Iraqi Dinar/Dollar auction (most recent listing) 07-26-16

Currency Auctions Announcement No. 3245

This daily currency auction was held in the Central Bank of Iraq on the 07-26-2016

The results were as follows:

DETAILS NOTES
Number of banks 29
Number of remittance companies 16
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 154,089,197
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 154,089,197
Total offers for selling (US$) —–

More: http://dinarupdates.com/blog/
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wmawhite (Dinar Guru) -   Article:  “In addition to targeted institutional organization, it would limit the tax evasion operations will be subject to the tax charge for the fact that records companies reveal in front of the tax authorities, as well as regulators are any corporate solidarity does not assume future tax irregularities from the legal responsibility of being officially registered and licensed.“   This appears to be huge steps at ensuring that all entities… whether government or private sector are registered and paying their fair taxes.  They see the flood gates opening and are ensuring that they are prepared administratively. In other words…if the flood gates of investors were not opening ..why worry about such issues?
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ADMINBILL (Dinar Guru) - WHAT A SCREWBALL WEEK THIS HAS BEEN. UP DOWN, UP DOWN. SO WHERE ARE WE…? IN MY OPINION WE MAY BE IN THE WEEK…THE PROBLEM WE HAVE IS THAT WE CANNOT GET THE TRUTH FROM ANY NEWS SOURCE THESE DAYS WHICH MAKES IT VERY DIFFICULT FOR THOSE THAT HAVE NOT KEPT UP WITH THE DAILY DRAMA IN DINARVILLE.   I SAY WE ARE NEAR THE END…WITHOUT THE GCR/RV THE SITUATION IS THAT GRAVE.
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rcookie (Dinar Guru) -   Article quote:  “ISX ANNOUNCES SHARES FOR ASHUR INTERNATIONAL BANK LAUNCH AS OF MONDAY 7-25 SESSION“   SO…THE ASHUR BANK ISX LAUNCH TOMORROW [MONDAY]…
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Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

Read More: http://www.dinarupdates.com/blog/

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rcookie (Dinar Guru) –   Article:  “Reform plans awaiting allocations and mechanisms of action“  Quote:  “said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation...”   THE TITLE BLOWS THE MIND…AND THE STATEMENT SOURCE BEING ALNASIRI ISNT TO SHABBY AS WELL…THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS…1ST A SWITCH TO A PRODUCTIVE ECONOMY…AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACCURATE, TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION…WOW…THAT REPORT WAS AWESOME!
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Kaperoni (Dinar Guru) -   Article:  “CBI agrees to open windows for the sale of US dollars in cash for travelers“  [So is this a good thing or bad thing or neither?]   This is a great thing.  Remember the IMF line…”The authorities will gradually remove remaining exchange restrictions..”  This is a requirement for Article VIII.   We need this to happen for the dinar to be internationally convertible and rise in value!  The sooner the better.
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rcookie (Dinar Guru) -   Article:  “A new International Port between Iran and Iraq Kurdistan“  WHEN IRAQ STARTS REPORTING RAW AND PURE ECONOMIC DATA FROM ALL REGIONS INCLUDING KURDISTAN…THEIR NUMBERS ARE GONNA BE THROUGH THE ROOF!!!
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What does it mean to float the currency?

Floating currency is to make the exchange rate of the currency as an editor in full, so that the government does not interfere , or the central bank in the determined directly. But it is automatically excreted in the currency market by supply and demand mechanism that allows for the identification of the national currency exchange rate against foreign currencies.

And fluctuate prices of floating currency exchange constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.

Forms of flotation

Either be floating or purely be directed:

Pure flotation:
are left to determine the exchange rate to market forces and the mechanism of supply and demand in full, and the state refrain from any direct or indirect intervention.

Flotation prompt:
is left to determine the exchange rate to market forces and the mechanism of supply and demand, but the state intervenes (via the central bank) as needed in order to guide the exchange rates in certain directions by influencing the size of the offer or demand for foreign currencies.

Supporters of flotation

For as long as theorists monetary school defended in economics ( Milton Friedman model) for floating currencies, claiming that the liberalization of exchange rates will make it reflect the economic fundamentals of the various countries (growth, trade balance, inflation , interest rates), and will lead it thus to restore the balance of relations and business accounts of current transactions continuously and automatically…

Read More: http://www.dinarupdates.com/blog/

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BGG (Dinar Guru) -   Article:  “Abadi accept the seventh resignation of a minister in his government“  This goes back to the SJC set back suffered by Abadi about “how” he got the “reshuffle” started (by removing those guys)… Looks like he has somehow “persuaded” them to “voluntarily resign”…he will get his “technocratic GOI” sooner rather than later.  regarding the “delays” – yes, there have been real delays…stop and think… half of Iraq was under the control of a hostile force… didn’t need to be – but it was…Maliki was partially the author of it…security HAS been an issue… plainly, there have been plans published and retracted (or “tabled”) that addressed currency reform…We’re in much better shape now.
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Bondlady (Dinar Guru) -   Article:  “Ready to receive the ten global companies to complete the port of Faw in Basra”   this port is very important and its a huge project that’s been ongoing for years and years…its very close to completion and when it is whoa! talk about a huge money maker…this will be the largest port in the world, it will connect Iraq thru its shipping lanes…to the rest of the world…very big and huge deal for Iraq…thumbs up…
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tlm724 (Dinar Guru) -  Article:  “Mutaiota describes the situation of the displaced people Hol camp catastrophic Abadi demanding urgent intervention to save him“  Quote: ”Statement Mr. Prime Minister , Dr. Haider al – Abadi ordered cell civilian crisis management to take immediate action to secure the necessary needs of displaced people…”   it’s hard to fathom the conditions these people are trying to live under…no food, no water, no sanitation, no meds, children starving and its like 130 degrees…so sad…take a moment and say a prayer for your fellow man!
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!cid_0534CEE5-9E81-4CFA-9D7F-ACA5BAD2C2DA

Be sure to join the New Dinar Updates “private” FaceBook Group…

https://www.facebook.com/groups/571383766355188/

(go here and ask to join… then add some Dinar Friends!!)
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BGG (Dinar Guru) -   Article:  “IMF agreement test for Iraq“   IMF has developed a tremendous program to rewrite Iraq’s ailing economy.  The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East.  While not saying ” rv tomorrow” it’s pretty compelling stuff…
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Delta (Dinar Guru) -   Article quote:   “The Central Bank of Iraq , the day before yesterday, the currency was withdrawn from the category of 50 dinars from circulation due to ” low value and stop the public about the circulation ,” according to a statement of the bank. A source in the CBI told the ” term ” that ” the bank does not want a conflict between the currency and the category of 50 dinars 500 dinars in case of deletion of zeros from the last…”
I DID BRING THIS…FROM 2/27/2015 TO REFRESH YOUR MEMORY, WHEN THE CBI DECIDED TO WITHDRAW THE 50 DINARS NOTE, THEY DID STATE THE REASONS!  AS WE KNOW THE NEW 500 DINARS IS CONFIRMED WITH KURDISH LANGUAGE, THAT’S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE.
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Backdoc (Dinar Guru) -   QUIET WE ARE WITH A PURPOSE FOR A PURPOSE!  WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
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Iraqi Dinar/Dollar auction (most recent listing) 07-24-16

Currency Auctions Announcement No. 3243

This daily currency auction was held in the Central Bank of Iraq on the 07-24-2016

The results were as follows:

DETAILS NOTES
Number of banks 25
Number of remittance companies 16
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 147,058,377
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 147,058,377
Total offers for selling (US$) —–

More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) -   Article:  “Reform plans awaiting allocations and mechanisms of action“   Quote:  “…the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives…activating the role of financial institutions and the banking sector“   Super article IMO as it describes how the economy and banking sector are tied together.  This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value.  Good and exciting stuff!
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BGG (Dinar Guru) -    “OBEIDI ANNOUNCED POPULAR CROWD WILL PARTICIPATE IN MOSUL LIBERATION…”  the bigger news than who it is – is that it is soon (the liberation of Mosul)…key city in Iraq – sets the stage for real stability – if this is one of the “biggies” for the IMF. Mosul will be captured – the US would not be there if it were not a “given”… the progress is breathtaking…As far as this investment goes…all good for Iraq.
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tman23 (Dinar Guru) -    ...Abadi is saying he would launch in October…which is more likely since they are trying to stabilize Anbar still with security and have large security forces deployed in baghdad…At a press conference later, Kerry praised the government of Prime Minister Haider al-Abadi, but said: “We would like to see some reforms moving faster.”  REFORMS MOVE FASTER…THEY ARE NOT LIBERATING MOSUL COMPLETELY UNTIL THEY CAN IMMEDIATELY BEGIN REHABILITATION AND RETURN SERVICES TO THE CITY…THIS IS WHAT THEY ARE PLANNING…ABADI IS SAYING UNTIL OCTOBER…and…security after liberation is the biggest concern of all…Rebuilding the second largest city and providing immediate service is an issue…UNCERTAIN SECURITY… UNCERTAIN of the Country uniting post ISIS…Uncertainty by the MAJORS tells me NO CURRENCY CHANGE…IMF said…That Iraq is expected to enter the International Market by mid 2016… Simply put, the reality of Iraq meeting expectations will most likely end in disappointment…
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Iraqi Dinar/Dollar auction (most recent listing) 07-19-16

Currency Auctions Announcement No. 3242

This daily currency auction was held in the Central Bank of Iraq on the 07-19-2016

The results were as follows:

DETAILS NOTES
Number of banks 29
Number of remittance companies 16
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 146,727,081
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 146,727,081
Total offers for selling (US$) —–

More: http://dinarupdates.com/blog/
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Shredd (Dinar Guru) -   …the IMF’s continued support and re-clarification that the peg to the dollar is in place is a good thing.  It is just a matter of time that the dinar will gain value as Iraq diversifies in it’s outputs and regrows its reserves from oil revenues.  We are not invested in some penny stock that we’re hoping to get rich on like the inbred, get-rich-quick dummies do.  ​We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth.   [post 3 of 3]
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Shredd (Dinar Guru) -   [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.

Let me also add that…   [post 2 of 3....stay tuned]
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Shredd (Dinar Guru) -   Article:  “IMF says no reason to devalue Iraqi Dinar“  This article captures most of the upside of having the dinar on par with the dollar. I’ll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country’s economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner.  [post 1 of 3....stay tuned]
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U.S.-Iraqi Kurdistan MOU signed with Baghdad’s support and approval

Iraq’s Ministry of Defense on Friday said the Memorandum of Understanding (MOU) that includes provisions of military support to the Peshmerga forces signed between the Kurdistan Regional Government (KRG) and the United States was carried out with and after the approval of the Iraqi central government.

The defense ministry released a statement refuting claims the agreement was signed without Baghdad’s approval and stressing the MOU was meant to support Peshmerga forces with financial and military aid.

The MOU has no points that layout the building of U.S. or Coalition military bases inside the Kurdistan Region, the ministry stated, adding the agreement will not violate Iraq’s sovereignty.

“Approval has been obtained from the Iraqi government for the aid for the Peshmerga Forces but the preconditions were indicated by the U.S.,” the statement read…

Read More: http://www.dinarupdates.com/blog/
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tlm724 (Dinar Guru) -  Here are the statistics I want to share with you all: CIA The World Factbook:  COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD:  Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.

RANK RESERVES OF FOREIGN EXCHANGE AND GOLD: 

37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST  

49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST

Isn’t that pretty ? Iraq has quite a bit more gold and reserves…   [post 2 of 2]
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tlm724 (Dinar Guru) -  I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait’s exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar.  The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table.  The overall standard of living still depends on the central government passing major policy reforms and laws…and that too is being addressed, it is just a matter of time.  …I did some research so I could answer that old question:  Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some!  [post 1 of 2....stay tuned]
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Bondlady (Dinar Guru) –    Article:  “Exchange rate and disinformation”  Quote:  “Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…“  …this is a good article an could very well mean even better for us than what its saying…the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they’ve done the last few times they’ve been ready to move the dinar rates or do something with the currency…we all know its long over due…this is definitely different than the last 10 plus years…I really do expect things to change in a big way with the new agreements made with talibani…art 140…hcl… several more huge things…I believe we will see those come to light very soon…hang in there every one …its lookin very good for us all imo.
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