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 | 1324.549 | 1323.887 |
| British pound | GBP | 1725.365 | 1724.503 |
| Canadian dollar | CAD | 861.139 | 860.709 |
| Swiss franc | CHF | 1180.819 | 1180.229 |
| Swedish krona | SEK | 140.172 | 140.102 |
| Norwegian krone | NOK | 138.877 | 138.808 |
| Danish krone | DKK | 177.485 | 177.397 |
| Japanese yen | JPY | 10.013 | 10.008 |
| Special Drawing Rights |
SDR | 1651.715 | 1650.889 |
Indicative rates – 02.07.2015
http://www.cbi.iq/
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If at first you don’t succeed, you’re probably doing it wrong. – Will Spencer
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*** Current Posts ***
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firefly To my understanding, Shabs was never released as governor of CBI. He fled for his life from Maliki. Maliki put in 2 acting governors (which btw he is not allowed to do, a Governor has to be voted in). So for all purposes the IMF only recognizes one person as the true Governor of the CBI. I have not seen or read ANYTHING different
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Millionday – Article quote: “Suggested head of the National Coalition, Iyad Allawi, on Friday, the Iraqi government restore the former Iraqi Central Bank Governor Sinan al-Shabibi, and the use of a panel of financial experts, and the formation of an economic body to save Iraq from its economic crisis.” ALLAWI IS ASKING FOR SHABIBI TO RETURN TO LAUNCH THE FUNDING OF THE ECONOMY. WITH HIS ENTIRE GROUP AND OTHER EXPERTS — THAT IS VERY INTERESTING IMO.
BGG ~ This is merely a “suggestion”… Allawi has NO POWER to enforce such a mandate.
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Poppy3 – OK SOME CONFIRMATIONS… MALIKI IS UNDER HOUSE ARREST, SHABIBI IS SUSPECTED TO BE REINSTATED TO CBI GOVERNOR, WIDOWS AND RETIRED MILITARY PERSONNEL SMART CARDS TO BE CHARGED AND DISBURSED ON THE 8TH. ALL THIS ANNOUNCED ON BAGDAD EARLY TV THIS MORNING. NO RATE WAS MENTIONED BUT IT MAKES ZERO SENSE TO ISSUE THEM WITHOUT A NEW RATE. THEY HAVE SAID BEFORE THEY WOULDNT BE DISBURSED TILL THEY HAD A HIGHER RATE. THIS CAME DIRECT FROM PERSON 3 BLOCKS FROM OUR BAGDAD EMBASSY. REMEMBER DR SHABIBI HAS ORGANIZED AND OUTLINED THE RV AND WANTED TO DO IT LONG AGO…IM FOR ONE AM EXCITED HE IS BACK AND EXPECT TO SEE SWIFT ACTION.
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sczin11 – COULD THIS BE TRUE? MAHMOUD REPLACED AS president of the Court of Cassation. WHAT IS THE COURT OF CASSATION? MY UNDERSTANDING IS, IT IS THE ARM IF THE JUDICIARY THAT RATIFIES THE RULINGS OF THE COURTS…IN OTHER WORDS, WHEN MAHMOUD RULES, HE CAN BE OVER RULED BY THIS COURT OF CASSATION… MAHMOUD HAS BEEN HOLDING BOTH POSITIONS, SINCE THE MALIKI REGIME…ALTHOUGH MY UNDERSTANDING IS, THEIR CONSTITUTION OR JUDICIAL POLICIES STATE, THE LEADER /PRESIDENT OF THE COURT OF CASSATION, CANNOT BE THE SAME AS THE HEAD OF SUPREME COURT…IF THIS IS TRUE, AND MY UNDESTANDING OF THE COURTS RESPONSIBILITY IS ACCURATE, THIS IS THE START OF THE END OF THE MALIKI CONTROLLED COUNTRY…
BGG ~ Is this a TRICK QUESTION?? Is he serious??
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tman23 – We are soon to find out if they go to CBI reserves for the next 6 months to cover shortfalls…or we see a shift in the IQD currency… I as all hope it opens where we are able to exchange IQD for profit. It…could go either way…But we are soon to find out!
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firefly – The meetings last Thursday went VERY well…Global Economic meeting. This was all over the major media sources. The marker has been set, finger on the trigger. TIMING! Stop looking at your calendars, it could literally happen at any time but NOBODY knows the timing.
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Iraqi Dinar/Dollar auction (most recent listing) 02-07-15
Currency Auctions Announcement No. 3131
This daily currency auction was held in the Central Bank of Iraq on the 02-07-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 23 |
| Number of remittance companies | 21 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 118,500,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 118,500,000 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Poppy3 – MANY KEEP SAYING POPPY3 SAID THIS MONTH BUT I SAID THEY SAID THIS MONTH…THEY REPORTED IT IN WRITING TO THE IMF, UN, WB…THEY THAT HAVE AUTHORITY MADE THE STATEMENT IN A OFFICIAL REPORT. TO ME IT DON’T GET ANY BETTER AND THERE IS NOTHING TO QUESTION ABOUT IT. THEY SAID IT LOUD AND CLEAR.
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rcookie – THEIR MONITORING PROGRAM RUNS THROUGH 2016 BUT DOES NOT MEAN A VALUE CHANGE CANT HAPPEN TILL END OF 2016…AS MATTER OF FACT THE IMF HAS TOLD IRAQ WILL RETURN TO GLOBAL FINANCIAL MARKET IN 1ST HALF OF 2016…
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mike – Article: “Iraq News – Tamimi: collection of electronic future step to receive salaries and pay taxes” I don’t think the e-dinar is just about destroying physical currency. It’s more tied to the MoF not pumping 4 trillion physical dinars into the economy through GOI payroll. If Iraq can logistically support e-commerce, the physical note count will be organically reduced. IMO.
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Poppy3 – ELECTRONIC BENEFITS WILL BE LOADED ON THE 7, 8, HUGE NEWS…SO ON THE 8th WE SHOULD SEE THIS POP, AND HAVE NEWS ON IT THAT WEEK, THE IMMUNITY SYSTEM HAS BEEN ENFORCED AND A LOT HAVE BEEN ARRESTED AND HEARING MALIKI IS NOW UNDER HOUSE ARREST, I WILL BE ABLE TO CONFIRM THAT…WHEN I TALK TO MY CONTACT IN BAGHDAD…, HUGE HUGE NEWS…WE ARE SO CLOSE…THINGS NOW SHOULD FALL LIKE DOMINOES, AFTER THE 8th OF FEB… lets see the fireworks…WE WATCH AND WAIT.
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rcookie – IMF LETTER OF INTENT (LOI)/MEMORANDUM OF ECONOMIC & FINANCIAL POLICIES(MEFP)/AND TECHNICAL MOU FOR 2011 & 2016…THE 2016 BUDGET…AND THE 2015 ARTICLE IV CONSULTATION AND REQUEST FOR PURCHASE UNDER THE RAPID FINANCING INSTRUMENT—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ….THESE REPORTS ARE SO VERY DETAILED AND PROVIDE ALL THE INSIGHT YOU NEED TO FOLLOW WHAT IS GOING ON…SHOULD BE REQUIRED READING FOR ALL IN THIS INVESTMENT…AND WILL RETURN MUCH PEACE & UNDERSTANDING AND LESS…SPECULATION.
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Frank26 – Article quote: “Suggested head of the National Coalition, Iyad Allawi, on Friday, the Iraqi government restore the former Iraqi Central Bank Governor Sinan al-Shabibi…” The IMF has also SUGGESTED some activities for S [Shabibi]…Next month.
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Randy Koonce – Let me say you cannot have in-Country RV. If you think about it, how much is a 250 dinar after the RV…250 dinar— it does not change…the only thing that changes is the weight against other currencies and that it helps to buy goods out side of the country…So it looks very good from both sides of the pond to happen by the 1st of march… do not worry we are about done. …every day that goes by this year is closer to RV it is looking very good now. We are close.. Every large bank will exchange.. RELAX the RV is coming…Breathe… [post 2 of 2]
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Randy Koonce – …the tariffs have not yet been collected… but they are saying in the paper that they have enacted them.. I am not sure how long that can go on but I am sure not too long… So it looks like the Tariffs will be happening in a short while… They will not collect tariffs without RV… Everybody should feel good because of the pressure Iraq needs to collect the tariffs. Second thing Barzani has not been paid and he has been in Baghdad to get paid. At some point in time which the Paper is saying Barzani is going to receive payment this weekend or early week…there needs to be an RV for that, and it looks like Iraq has themselves in a corner for that. [post 1 of 2….stay tuned]
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