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

http://www.cbi.iq/

Indicative rates – 02.10.2015

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If Socialists Understood Economics, They Wouldn’t Be Socialists – Freidrich Von Hayek

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Frank26 – …the US troops who were entering into that battlefield of Fallujah were stopped…because they are taking care of what is going on in Baghdad instead…what is going on in Baghdad…the reforms of their country.  The reforms that are going on right now in the GOI…in Parliament are happening now because we came in and we are in control…because in all honesty both Abadi and Sistani asked the US to come in and do this…IMO.  Abadi can make the announcement about the change in their rate…but Abadi cannot appoint the rate, he cannot activate it…only Dr. Shabibi can do that.
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Delta – …DO YOU REMEMBER THIS ANNOUNCEMENT FROM CBI ON 12/20.?  Quote:  “To all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies ( foreign exchange rate ).  We would like to inform you that the exchange rate by international standards is still under study…”  I’M SURPRISED NO ONE IS JUMPING ON THIS ARTICLE!  CBI WAS WAITING FOR THE STUDY TO BE DONE FOR THE EXCHANGE RATE.
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tlm724 – Article quote:  “the Kurds are trying to stay within the framework of Iraq, does not intend to declare a Kurdish state immediately after the holding of the referendum process.”   kurds aren’t going anywhere, too much at stake… they were crying wolf.  Quote:   “We will not announce independence at the moment,” adding, “We’re just talking about the right of the Kurds…”   see just talk!
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Adam Montana – [If Obama’s Agreement with Iran goes forth and, as I interpret some of the verbiage, Iran COULD take over Iraq…Now, wouldn’t that just about finish this dream of ours for an RV? Couldn’t they eliminate our current Dinar and use theirs?] I could write a book on this question, and I understand why you ask it because a lot of people are confused on it. If you want my opinion and are willing to take my thoughts on it, let me just say one thing: Iran is NOT going to take over Iraq. 
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Iraqi Dinar/Dollar auction (most recent listing) 02-10-15 

Currency Auctions Announcement No. 3134

This daily currency auction was held in the Central Bank of Iraq on the 02-10-2015

The results were as follows:

More: http://dinarupdates.com/blog/
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Breitling – statement “I don’t think Iraq has what it takes or can add value to its currency.”  Here’s the problem.  I said this a million times.  Iraq’s currency does not have a value problem of it going down.  Iraq’s currency was artificially directed down.  The question is, how are they getting away with keeping the value down so low?  You had General Petraeous, you had the CBI talking about the process they’re going through and how they are artificially keeping the currency down so they can build their economy and give themselves an advantage.  Why people skip over this I do not understand.  They are not like gee…I hope we can add value to it and maybe it will work out.  It’s completely opposite.  It should be at a $1.25 minimum right now if they didn’t screw with the note count….It’s never been a question if they can add value to their currency.  
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BGG – Article quote:  “…It is noteworthy that Iraq is going through an economic crisis because of lower oil prices, Anvaqath in the war against al “Daash”, as he emphasized Abadi, on more than one occasion, that Iraq will emerge from the financial crisis in stronger…”  …as I read the news out of Iraq – it plainly lines up (over and over) with what we have been saying AND it generally points to some major economic event in the future. Numerous articles… some vague – some pointed are all saying the same thing. Iraq is in dire straights (or was) for a solution…one thing you can be assured of – since the IMF is now in a direct advisory capacity – they will succeed.
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Adam Montana – I’m reserving my comments on the dinar situation for a short time.  I’m going to wait on a few developing items before I spend my usual time on it. I like what I’m seeing in Iraq right now, but I can’t announce an RV yet, so I’m holding off.  There’s a small to medium chance that I’ll come back later today or tomorrow with a further update, but that depends on Iraq.
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Breitling – Iraq’s currency is not at market rate it’s artificially kept down.  So they can’t go any lower than what it is at today, they simply can’t.  So what do they have to do if the price per barrel goes down?  They actually have to add value to make up for what it is they’re loosing…because their currency is so artificially low they are in the position to…be able to add value to their currency.  There is multiple things they can use their currency for as a hedge and they they have a huge advantage.
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rcookie – NOW THINK ABOUT ALL OF THIS…FIGHTING THE LARGEST WAR ON THE MOST ABHORRENT TERRORISTIC GROUP IN HISTORY OF MANKIND…BROAD REFORMS ACROSS ENTIRE CULTURAL SPECTRUM…AND MAINTAINING THE BEST BUDGET DEFICIT RATIO IN THE ENTIRE REGION…ALL WITH A NON INTERNATIONAL RECOGNIZED ARTIFICIALLY SUPPRESSED CURRENCY…MASS POVERTY AND 30% UNEMPLOYMENT…AND MAINTAINED 2.3% INFLATION.
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Bruce – [new Guru] …waiting for great blessing, cant be too far away from it as I understand.   Things are happening very much behind the scenes, looking for completion of this very soon. Everything we are hearing is moving this things along nicely, not much longer to wait.  I am very encouraged what I have heard.
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Kaperoni – Article:  “IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues”  I have stated for some time that as inflationary pressure is created (from tariffs and investment through the CBI Capital Account) the counter is to raise the value of the dinar (ie the float).  This event, seems to be preparing Iraq for those changes that occur as a result of a market economy, international investment, etc.
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wmawhite – Using this as an example, when the cards inside of Iraq are “loaded” in IQD it does not make any difference what the value of the IQD is IF the cards are being used solely inside Iraq.  […are they loading the cards for people outside of Iraq that lives in another country?]  Correct, and that is what we are expecting within the 1st half of 2016.
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Frank26 – …it is FEBRUARY 8th…we believe deep in our hearts that victory is about to be claimed in certain cities that are extremely important and if we get these cities and we have the SECURITY…not only of the banks but the citizens and everything you need…then you can make a type of announcement that I think a lot of people are waiting to hear.
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Backdoc – LAST NIGHT WAS THE 8TH!  LAUNCH DAY ACCORDING TO IRAN!    IRAN, OF COURSE SAID THEY WOULD BEGIN TO ENTER THE WORLD AGAIN IN TWO WEEKS WHICH AS I SAID IS AROUND THE 8TH! THEN THEY SAID IT WOULD BE SLOWLY BUT WOULD TAKE LESS THAN A MONTH IN TOTAL! THAT GIVES US A WINDOW AS THEY SAY AROUND THE 18TH OF FEB., GIVE OR TAKE!  NOW OUR JOB IS TO PAY ATTENTION TO SEE WHO TALKS NEXT!  THE IMF IS REQUESTING THAT IRAQ ALLOW CURRENCIES TO BE EXCHANGED FREELY SO THAT INVESTMENTS WILL NOT BE IMPAIRED. THEY ARE REQUESTED TO DO IT THIS MONTH! BINGO! LESS THAN A MONTH!
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wmawhite – I believe the IMF and the WB know more about Iraq than the Iraqis…and never before has the IMF stated very clearly what their expectations are for Iraq…and they did it …and then they followed up with two documents outlining step by step as to what is being accomplished…and you may ask, why? Why provide the world with this information. It is suppose to be a big secret. Wrong. Iraq is wanting the world to know. They want the world to come to Iraq. There is no secret. The challenge is understanding want you are given.  [post 2 of 2]
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wmawhite – The IMF, GOI, CBI stated that the government was going to do certain things and in the mid time/by the end of February 2016 two items would be accomplished.  This Technical LoI/MoU was written in November 2015 and published in December…well by the time we saw it…those two items to be accomplished by the end of February HAD already be completed.  They were the Investment Law and the AML Law.  The point is that the CBI and GOI are ahead of what the IMF has agreed with them to accomplish.  […so with all of the very positive news and accomplishments in Iraq, What are we waiting on? Bottom line?]  I am waiting on Iraq to enter the markets during the 1st half of 2016.  [post 1 of 2….stay tuned]
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