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

______________________________________________________________

Indicative rates – 10.24.2016

http://www.cbi.iq/

______________________________________________________________

Bi-partisanship is when the Democrats and Republicans team up against the American people. – Will Spencer

______________________________________________________________

*** Current News ***

______________________________________________________________

______________________________________________________________

BGG (Dinar Guru) –   I don’t know – how with the AVALANCHE of news lately – anyone can be anything be VERY optimistic.
______________________________________________________________

Follow us on twitter @DinarUpdates !!

Don’t MISS – “DU NEWS TIME” w/RCookie, Mr White & Hutch – October 26th 7:30pm EST – In the DU CHAT ROOM!!

______________________________________________________________

Frank26 (Dinar Guru) –   “A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal…”   “The source , who preferred not to be named , said the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar.”   How quickly one’s starvation can cause one to forget that only the CBI can make such a statement.  Yes…Moments after they give You Mosul it may equal the MR.   Note…You have no Mosul yet.  So if someone from over there believes in their opinion that the MR is done or announced…Fine…But one should only Trust via Verification from…The CBI.  But know this…IMF meetings are within days.  Have to admit…Am very Fascinated by this.  [Guru] DELTA says it is a legit Newspaper from Iraq.
______________________________________________________________

rcookie (Dinar Guru) –   …LET’S RECAP…WE HAVE THE IFC INVOLVED WITH IRAQ AND DEVELOPMENT PROGRESS...ADOPTION OF INT’L ACCOUNTING CONTROL STANDARDS…IBAN ROLLOUT AND IMF BANKING SUPERVISION CHECKLIST…BANKING REFORM AS THE BEGINNING OF ECONOMIC REVIVAL…ALNASIRI AND SALEH OUTLINING OF IRAQ’S PEACETIME ECONOMIC IDENTITY… ANNOUNCEMENT OF NEW 2018-2022 NDP…DEPOSIT INSURANCE ACT AND CBI SYSTEMIC LAUNCH OF DEPOSIT INSURANCE…AND INVESTMENT LAWS CONTRIBUTING TO RESETTLEMENT OF LOCAL FUNDS…THAT’S JUST THIS WEEK…WOW!!..
______________________________________________________________

rcookie (Dinar Guru) –  Article: “Parliament postpones paragraph first reading of the draft first amendment to the Amnesty Law”  Quote: “The House of Representatives decided today to postpone the first paragraph the first reading of the draft amendment to the Law of General Amnesty Law, to next Monday’s meeting.”
______________________________________________________________

Coinciding with the victories of our security forces in Mosul. The Central Bank raised the dinar against the dollar

Central Bank officials confirmed yesterday that the Iraqi dinar price final price us dollar coinciding with victories of our security forces are advancing towards the liberation of the city of Mosul, the source said in a press statement singled out by the news that the Central Bank decided to raise the value of the Iraqi dinar against the US dollar financial mechanisms within its own policies stating that those mechanisms are subject to the principle of supply and demand in the domestic market. The source said the Iraqi dinar during the coming few days will witness a significant rise in the price of the US dollar.

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

BGG ~ Text from another version of this piece of news…

“The source, who preferred not to be named, said the Iraqi dinar will see over the next few days, a significant rise in price against the US dollar…”

______________________________________________________________

Kaperoni (Dinar Guru) –   Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors.
______________________________________________________________

rcookie (Dinar Guru) –    [Would you tell us briefly how the new economic laws secures new revenue for the state treasury?]  BECAUSE THE INFLUX OF INTERNATIONAL INVESTMENT WILL GENERATE HUGE NON-OIL REVENUES TO IRAQ…NEVER BEFORE EXPERIENCED...THEY WILL FINALLY START TO SEE SOME REVENUES CONTRIBUTED TO GDP FROM OTHER SOURCES THAN OIL…IT WILL DRIVE THE BANKING SECTOR…ADDRESS UNEMPLOYMENT AND POVERTY…THAT ARTICLES OUTLINE OF THE INVESTMENT…INSURANCE & STATISTICS LAWS ABOUT TO BE CHANGED…THIS IS IT…U N B E L I E V A B L E!!!   …THAT WAS SOME OF THE MOST SIGNIFICANT INFORMATION RELATIVE TO ECONOMIC & FINANCIAL LAWS THAT WILL DRIVE WHAT WE ARE LOOKING FOR…EVER….EVER…   [post 2 of 2]
______________________________________________________________

rcookie (Dinar Guru) –    Article:  “Economic laws to secure new revenue for the state treasury”  Quote:  “…seeking for economic and investment commission to push for the adoption of new laws provide new income to the state treasury and is working to develop actually investment in the country.”  THIS IS HUGE…HUGE…HUGE… AGENCY REGULATORY ACT…IRAQI COMMISSION ACT…CHAMBER OF COMMERCE LAW NO. 43 (1989)…ECONOMIC LAWS SPEED SUBMITTING TO HoR IN SHORTEST POSSIBLE TIME…THIS IS WHAT WE HAVE TALKED ABOUT …CONCERNING THE CALL FROM IMF FOR ACCURATE…TRANSPARENT TIMELY ECONOMIC & FINANCIAL DATA FROM ALL PROVINCES FOR QUITE SOME TIME…THEY ARE TELLING US ALL THE ECONOMIC & INVESTMENT LAWS ARE CUED UP AND COMING!    [post 1 of 2….stay tuned]
______________________________________________________________

Iraqi Dinar/Dollar auction 10-23-16 (most recent listing)

Currency Auctions Announcement No. 3302

This daily currency auction was held in the Central Bank of Iraq on the 10-23-2016

The results were as follows:

More: http://dinarupdates.com/blog/
______________________________________________________________

rcookie (Dinar Guru) –    Article:  “Economic laws to secure new revenue for the state treasury”  Quote:  “…seeking for economic and investment commission to push for the adoption of new laws provide new income to the state treasury and is working to develop actually investment in the country.”  THIS IS HUGE…HUGE…HUGE… AGENCY REGULATORY ACT…IRAQI COMMISSION ACT…CHAMBER OF COMMERCE LAW NO. 43 (1989)…ECONOMIC LAWS SPEED SUBMITTING TO HoR IN SHORTEST POSSIBLE TIME…THIS IS WHAT WE HAVE TALKED ABOUT …CONCERNING THE CALL FROM IMF FOR ACCURATE…TRANSPARENT TIMELY ECONOMIC & FINANCIAL DATA FROM ALL PROVINCES FOR QUITE SOME TIME…THEY ARE TELLING US ALL THE ECONOMIC & INVESTMENT LAWS ARE CUED UP AND COMING!    [post 1 of 2….stay tuned]
______________________________________________________________

Backdoc (Dinar Guru) –   THE PATTERNS OF SUCCESS ARE ALL AROUND US.  CURRENCIES ARE ADJUSTING AS I’VE BEEN SHARING FOR SOME TIME. I SUSPECT THE CHANGES WE ALL HOPE TO SEE ARE CLOSER THAN WE MIGHT THINK BASED ON THE “ACTIONS THAT MEAN THINGS!” …IMO.
______________________________________________________________

Kaperoni (Dinar Guru) –    Article: “During the first economic conference of the projects directed to put up new investment opportunities in Baghdad and the provinces”   private investment is all wishful thinking until they open the banking sector/pass the needed laws.
______________________________________________________________

rcookie (Dinar Guru) –    Article:  “Abadi presented to parliament his nominees for four ministries , including the defense and interior”   “Abadi nominated both Irfan Hayali of the Ministry of Defense, and Qasim al-Araji for interior and Qutaiba al-Jubouri, Trade and Necmettin enhancer for industry and minerals.”
______________________________________________________________

Dinar Updates – “The After Call!!”
from Wed – Oct 19th 6:30pm CST
w/RCookie, Mr White & Hutch

Smart phone user link – Click here

BGG ~ This was a VERY good call – might want to listen to this one more than once!!

______________________________________________________________

Kaperoni (Dinar Guru) –    Article:  “Foreign banks are looking to withdraw from the Iraqi market”  More pressure on the CBI to take the next step and open the banking system.
______________________________________________________________

Aggiedad77 (Dinar Guru) –    Iraq…may Peace be with you…as this year winds to a close and the existence of ISIS/DAASH is squashed…may you ring in the new year 2017 with PEACE in mind for all of your country and it’s countrymen…A peace that can be shared internationally as you move forward…the pathway anointed with higher oil prices that will springboard your efforts in a way that was unexpected by many…but declared by a few…Breakthroughs indeed for opportunities both within and outside of your great country…let the future be bright for prosperity and peace for all…transitions in so many ways…war to peace…program rate to who knows what…reclusive country to internationally recognized leader… reforms that give way to exponential growth…let it be…all IMO.
______________________________________________________________

Kaperoni (Dinar Guru) –    Most of the articles coming out of Iraq say the progress in Mosul is good…ahead of schedule. I’m not so sure. Much more to come.
______________________________________________________________

rcookie (Dinar Guru) –   “Planning: Five-Year Development Plan 2018 – 2022 will be different from its predecessors”   THAT IS THE $357 BILLION ACTION PLAN FOR DEVELOPMENT PROJECTS BROKEN DOWN BY SECTOR…  INTERESTING TO COMPARE WITH PREVIOUS NDP’S…NATIONAL DEVELOPMENT PLAN…THIS IS WHY ONE WOULD INVEST IN IRAQ…THE REASON TODAYS ANNOUNCEMENT IS SO EXCITING IS THE NEW NDP AND THE FACT OF THEM TALKING ABOUT BEING PRIMARILY PRIVATE SECTOR DRIVEN.
______________________________________________________________

Iraq to the whitelist financially

BAGHDAD – Tariq al – Araji , The testimony of the highest international working group it ‘s time to reap the fruits of the work done by the government of the reforms and the Central Bank of the economic measures, as it plans to highest international group to monitor the money moving internationally to get Iraq out of the gray white list to which confirm confidence of the world in Iraq financially…

More: http://dinarupdates.com/blog/
______________________________________________________________

Kaperoni (Dinar Guru) –    Article:  “Iraq receives a second loan from the International Monetary Fund”  [does this mean they have raised the value of the dinar as per apparent requirement or not?]   …the official value of the dinar is 1182.  There is no requirement for them to raise the value.  The value will rise, only as a result of the CBI unpegging the dinar when the time is right to counter inflationary pressure created by investors and investment in Iraq.  They need laws, stability and progress in many areas before that can happen.
______________________________________________________________

Adam Montana (Dinar Guru) –     I have nothing negative to report but I also have no RV to announce… in my opinion, there’s a very simple reason: HCL.  Now here’s the good news: we’ve seen more on the HCL in the last week than we saw all summer! And THAT has me smiling…   Parliament is making moves… – just look at the news…  The HCL (oil agreement) is once again a TOPIC… it was NOT a topic for a few months.  Are we close? Obviously closer than a month ago, and I can’t say “yep for sure this week!”, but the direction is good and there are only a few things left.   Iraq has the fundamental ability and motivation to RV, and that’s something that people either understand or deny.   I’m monitoring the situation…
______________________________________________________________

Breitling (Dinar Guru) –   …They had never mentioned to the government or to the IMF or anybody that they wanted to get it to a buck and then they wanted to get it to $3.25…one of the things that’s interesting as they put out the new currency, when I got into it there was an expected rate of between 4 and 12 cents.  The next thing you know there was a report put out about how General Petraeus was saying how popular the dinar was getting inside of Iraq itself.  Here’s what people don’t understand…they were alarmed by it.  It wasn’t a good thing…we basically put more US dollars into their economy.  and they started printing even more notes…adding to the note count at the beginning.  You had to have faith with what these guys were doing and saying.  Shabibi stated they are adding value to it and eventually we are going to take 75% of those notes out and we’re going to add value to the currency and then we’ll change this currency out and  make the denominations a lot smaller…That’s the statement he put out there.  [Post 2 of 2]
______________________________________________________________

Frank26 (Dinar Guru) –   …the IMF has given them an A+ in everything they are doing…and now they are going to reward them with that second loan…that is way ahead of schedule…the white list was way ahead of schedule.  …I am not too worried about the value right now…what we were worried about or concerned about was the note count…because they told you they were lifting the 000’s…you think it is from the exchange rate…we tried to explain it to you…they are lifting it from the streets…so they can lift it from the exchange rate…and I believe they have accomplished this.  There are many steps and many parts to the Monetary Policy and IMO I see that they have been accomplished…the IMF has not said one single word about 2017…IMO…the IMF is preparing them to raise the value in 2016…and the other part…Iraq talks about 2017 because that is when Iraq wants to introduce the LD’s…that are affected by the RI that is occurring right now behind closed doors…   [post 3 of 3]
______________________________________________________________

Cabinet sends next year’s budget to parliament in 2017

BAGHDAD / Baghdadi Uz..aaln Prime Minister Haider al-Abadi, on Tuesday, sending next year’s budget to the House of Representatives for a vote, noting that the Council of Ministers also agreed to launch a massacre amounts Spyker families compensation.

Ebadi said at a news conference attended by the correspondent / Baghdadi News / “The Council of Ministers has completed discuss next year’s budget and sent it to parliament for a vote before the end of this year,” noting that “the budget included a former oil deal with the Kurdistan region.”…

More: http://dinarupdates.com/blog/
______________________________________________________________

Frank26 (Dinar Guru) –   Iraq came out and stated they have completed all IMF requirements...For the Financial Advisor of Abadi…Saleh…to come out and say…we’ve done everything the IMF has told us…how bold is that…for the IMF…to actually come out and say we are giving you now your second loan…in about 10 days…that will put us right about the beginning of November…I believe deep in my heart that the Monetary Policy has been launched. This Monetary Reform Plan is from the IMF…about six or seven years ago they put this together with Iraq…the Transition Rate right now is part of this plan…I believe they are doing something with their rate to try and get it to 1 to 1…and they did not write a plan for a LOP…they did not write a plan to stay at a program rate…IMO this Transitional Rate is bringing in commodities into the country of Iraq…and IMO this Transitional Rate is slowly moving up…up…for the purpose IMO to add value to the Iraqi dinar in country…I believe the negotiations that are occurring with this Transitional Rate are going to be seen with more evidence sometime around the second week of November…
[post 2 of 3….stay tuned]
______________________________________________________________

Frank26 (Dinar Guru) –    …these are interesting times…with our investment…we told you that IMO I felt around the 15th of October or just after that date the battle of Mosul would…start…I seriously, truly, and sincerely believe that once Iraq was put on the white list there was a decision made for Mosul…IMO…at 3:03 am on the 16th of this month I believe the Monetary Reform was put into its full swing of completion.  The most important thing about Mosul…is that it has given us SS…STABILITY and SECURITY…SS is the reason why we are walking in the direction of the Monetary Reform now…from the nanosecond they were put on the white list…to the moment of the 3:03 am launch to attack Mosul…to begin the battle…those were the beginning of the green lights that have brought us SS now…  [post 1 of 3….stay tuned]
______________________________________________________________

Breitling (Dinar Guru) –   “Question:  Sounds like they’re having a hard time convincing people in Iraq to have confidence in the Dinar…how can they make them want to use it?”  This is the power in knowing what happens to currency…if you know how it got there you can reverse it.  Remember what we did.  We put US dollars in their economy.  Then we did Shock and Awe and their economy collapsed they started to use the US dollar.  We printed the New Iraqi Dinar.  They started using it.  Remember…the dinar count at that time was around 30 Trillion dinar at it’s peak and 9 billion notes max…A report from the IMF said the Iraqi dinar’s real market rate was between 4 and 12 cents and I bought dinars based on that.  [Post 1 of 2]
______________________________________________________________

Kaperoni (Dinar Guru) –    Article:  “Rasheed Bank intends to apply to transfer your money IBAN system”   Quote:  “Rasheed Bank announced on Thursday its intention to apply the “IBAN” your system to transfer money in and out of Iraq…”  [Surely to transfer money internationally , your money has to be internationally recognized?]  The dinar is already internationally recognized. It’s a choice by most banks to not accept it and exchange it worldwide because they are still in Article XIV under the IMF. Article VIII of sorts provides a sense of assurance that the CBI meets international standards and requirements (and therefore, makes the dinar more internationally accepted at the banks).  What the Rasheed is doing here is a good thing for sure, but Article VIII will also be needed for it to be beneficial to Iraq.
______________________________________________________________

Kaperoni (Dinar Guru) –   Article:  “Breaking  #Iraq Criminal Court issued an arrest warrant ex- #Mosul governor Atheel al-Nujaifi for breach of security.”
______________________________________________________________

Kaperoni (Dinar Guru) –    Article:  “Offensive against so-called Islamic State in Mosul going much faster than planned, Iraqi PM says”  Quote:  “Haider al-Abadi said the move showed “rapprochement” and unity of purpose between Iraqi and Kurdish forces.”
______________________________________________________________

Adam Montana (Dinar Guru) –    Ive been watching the efforts to take back Mosul. (It’s all over the news). I’m hearing VERY good things from my contacts in Iraq, backing up the positive stuff we are all seeing in regards to the fight against isis.   I like it.  Also good news is hearing about parliament continuing to hold timely sessions. Next stop… hcl? Let’s hope so!   …nobody is giving me dates or rates. I talk to people that are far more connected to the inside workings of Iraq than I myself am, and I’ll be blunt – there’s been times that they flat out told me “Adam nothing is moving right now.”  Thats not the vibe right now.   …I’m returning to cautiously optimistic that we will see some major announcements that will either include the HCL or will be obvious openers for the HCL. 
______________________________________________________________

Frank26 (Dinar Guru) –    Article: “The government issued a system of deposit protection .. Parliament seeks to enacted law “enhance confidence” in the banking system”  Another IMF Requirement for the MR being done…Good.
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!! Thanks – BGG!!

www.DinarUpdates.com