Word for the day…
Mrs BGG
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1229.584 | 1228.969 |
| British pound | GBP | 1455.018 | 1454.290 |
| Canadian dollar | CAD | 881.083 | 880.643 |
| Swiss franc | CHF | 1150.073 | 1149.498 |
| Swedish krona | SEK | 129.489 | 129.425 |
| Norwegian krone | NOK | 136.601 | 136.532 |
| Danish krone | DKK | 165.398 | 165.315 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1582.534 | 1581.743 |
Indicative rates – 01.22.2017
http://www.cbi.iq/
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The hardest thing in the world to understand is the income tax. – Albert Einstein
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*** Current News ***
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Loop (Dinar Guru) – ‘’Rafidain Bank confirms the grant in the 10 million dinars for employees to Card Holders” Rafidian is working overtime on strategies to get the citizens to start using the banking system and feel safe doing so.
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BGG (Dinar Guru) – Kuwaiti Dinar is still considered a thinly traded “exotic”…Iraq is almost certain to land in this category… no biggie – it’s alot like you’re all sitting on a penny stock about to get listed on the big board – no matter where it goes, it’s gonna’ be good.
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RCookie has passed away. The Dinar Community has lost a great one.
We have opened up a Memorial Fund for the Family
Robert Cook was tireless in his support of the entire Dinar Community. His effort, his contribution and his spirit will be greatly missed. This memorial fund is an expression of our gratitude. It will be used for floral arrangements and minor expenses prior to his funeral… The rest will be turned over to the family for final expenses and other – as they see fit.
Donate Here: https://www.gofundme.com/robert-cook-memorial-fund
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BGG (Dinar Guru) – […do you find it odd we haven’t seen any statements from the World Economic Conference by Iraqi officials?] I do – I find a lot of things VERY strange lately…so much progress – much like the IBAN being accepted and utilized and we heard about it a week later… anyone notice the CBI has updated their Currency Buy/Sell listing on their website since 1/4?? …very odd (to say the least)…we may have to be digging to find the exact time of any value change – we use to say “just check the CBI”. That’s out the window… …it’s gonna’ happen overnite – we will (hopefully) know quickly, but we might have to dig and verify. IMHO. [Is there any chance that we have already had a value change, but has not been posted on the CBI?] anything is possible – but we have such broad contacts, I just doubt it has. [If we dont look at the CBI for the rate change, where will we find that information?] We’re gonna’ be looking at everything in context… probably some kind of “inter-bank memo” since they in the process of “re-engaging” right now. [can they have a rate and not showing it? How are they doing business other wise?] …the “not showing” part is not a long term thing – we’ll know pretty soon. No matter what.
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Breitling (Dinar Guru) – …It’s not what they’re saying it’s what they’re doing is what you need to understand the most…the CBI said they’re going to raise the value of their currency. The Ministry of Planning, parliament say the value is going to go up. I don’t need them to say anything if I’m watching their maneuvering and I understand how they’re going to compete. Then I understand how they’re going to add value to their currency. I really don’t have to hear anybody “say” anything. I just watch what they do. It’s not what they say it’s what they do that’s most important and the CBI is maneuvering in our favor if you’re investing in Iraq. So don’t get too crazy on what everybody says…just watch what the CBI does. Watch what the ministry of Planning is doing and how they’re doing it.
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Loopster (Dinar Guru) – [Just curious if there is a purpose for why the CBI would put the banks through the process of selling the dollar on a large scale rather than change the value of the dinar first and negate the need for selling the dollar…any thoughts on that?] As Alak has said the selling of the dollars will continue at present. It is the way that their economy is functioning and to just stop it would collapse the economy. When the time is right to stop selling the dollars they will do so. It is a process and as anyone who is looking can see they implementing new measures everyday to to give themselves the greatest chance of success when they decide to do away with the imposed rate.
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Adam Montana (Dinar Guru) – …I’m very upbeat about the Dinar right now. More so than I have been in quite some time! We have Budget activity that is more timely than at any point in recent history. We have major talks of buttoning up major aspects of the Infrastructure, which is key to this all coming together. We have open spots in Parliament that are slated for completion as soon as next week. And for the biggest, perhaps most exciting “clue” of the decade… Article: “Oil announces the completion of a draft oil and gas law and send it to the Secretariat of the Council of Ministers” We’ve got a few days or weeks, but things are MOVING in the right direction! This is a PERFECT time to make sure you’ve got your ducks in a row…and maybe even a “prep list” of things to be sure you have and ready to pack at a moment’s notice! We are at a point where I feel a sense of urgency to get every last detail checked and fine tuned…BOY am I getting just a tad excited!
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Breitling (Dinar Guru) – …With the Iraqi dinar I stand by the numbers. The numbers say they’ve reduced the note count. They said they are going to add value to their currency. They have all the opportunity in the world to add value to their currency. They are not a 3rd world country like people think they are. They were in trouble and are in trouble and in financial chaos because of geopolitics. Can they get out of it? Sure. I personally think they can. I think they will. Can they get their currency back to the original value before Saddam Hussein started screwing with it? I think they can. That’s why I invested in it. That’s why I speculated and say I think they can do it and gamble on this. [Post 2 of 2]
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Breitling (Dinar Guru) – The currency reset? what the hell is that? It doesn’t even exist and people are buying dinar because of it? If you’re going to get into an investment get in for the right reasons. With that said…I back every single thing I say, every number that I watch…It comes from the CBI, the Ministry of Planning, the Ministry of Finance and Parliament. You can’t get around it. They are the ones who are saying they are going to add value to the currency…not me. I’m just following it. It’s not like one day I just woke up and said I should go out and buy dinar…Iraq has the ability to add value to their currency and they have the ability to do exactly what they said they are going to do…get their currency to a buck. [Post 1 of 2]
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The following .PDF was a review by RCookie of the IMF board’s publishing of Iraq’s SBA (excellent info) – He would have wanted you all to have it.. posting the whole .PDF was the only way to get it on here. Enjoy. BGG
Robert Cook CSW CSS CBP CST CTC
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Loopster (Dinar Guru) – Article: “The central bank issued new instructions to regulate the process of selling the dollar” Quote: “…the instruction stresses the need to achieve the main objective of the Central Bank, a knowledge of the ultimate beneficiary and the preservation of hard currency for Iraq through the optimal use in order to serve the national economy and sustainable development…” “a knowledge of the ultimate beneficiary” The IBANs make this very easy to track. The actions that are happening in the bank sector right now are a huge indicator of where Iraq is headed and that should make everyone in this room very very excited.
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tman23 (Dinar Guru) – Article: “Central bank: deletion of zeros from the currency deferred for the time being” Deferred for the time being…When I read this… my first thought was… THEY ARE READY TO GO… To say deferred for the time being is NOT “Iraqi LINGO”….If he had a teleprompter I would say the UST was on the other end typing…I expect to see BIG NEWS at anytime and not thinking in terms of weeks.
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Loopster (Dinar Guru) – [did the budget ever get in the gazette yet?] Yes. The Budget was published in the Gazette on Sunday.
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Hutch (Dinar Guru) – …we do have an idea of what is happening…if you look at their 5 yr plan that has been set out by Shabibi, Saleh and Abadi… they are sticking to it. And it is playing out. The LOI’s, MOU’s have it all set out as to what their goals are and how to achieve them. And its working.
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Iraqi Dinar/Dollar auction 01-19-17 (most recent listing)
Currency Auctions Announcement No. 3363
This daily currency auction was held in the Central Bank of Iraq on the 1-19-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 33 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 160,461,658 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 160,461,658 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Mike (Dinar Guru) – Article: “Iraq opens the door to possibilities deletion of zeros from the local currency” Quote: “…the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar,” noting that “subject to availability of appropriate conditions, including the general stability in the country.” …the CBI is working towards adding value to the dinar…the CBI didn’t specify a date, they’re still waiting on appropriate conditions and they want to make sure all their T’s are crossed and their I’s are dotted before they start. I think it’s pretty safe to say…that Iraq needs to do some things before the dinar will gain in value: 1) Get the MCP below 2% 2) Remove Exchange Restrictions 3) Pass the long overdue legislation related to the the banking and economy verticals. 4) Create the open market that’s necessary to increase demand.
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WMAwhite (Dinar Guru) – […wouldn’t reducing the note count to the point of a liquidity crisis force a rise in the value based on supply and demand once the Dinar is free to go up in value?] The note count has an effect in country, but only the CBI sets the value outside the country.
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Mike (Dinar Guru) – Article: “Iraqi dinar is not in danger and delete the zeros Postponed” Quote: “revealing that the deletion of zeros from the currency, deferred for the time being.” The loose translation for defer is “to put off (an action or event) to a later time; postpone.” And then he states: “the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar,” noting that “subject to availability of appropriate conditions, including the general stability in the country.” He’s telling us they don’t have a date, they’re just waiting for the right conditions to move forward. In order for a currency to have value it needs several things like political stability, free from conflict and a economy that produces and exports products to create demand for the currency…once they raise the value the prices will change, 10,000 dinars today will buy you five packs of smokes, 10,000 dinars after it rises to 1-1 will buy you a Toyota pickup.
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DU Call – “Homage to RCookie!!”
from Tues – Jan 17th
w/Hutch, Mr White, BGG & more!!
Click-N-Listen (link below)!!
Smart phone user link – Click here
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WMAwhite (Dinar Guru) – A change in the prices of goods; the prices are what determine the size of the notes. Lower the prices, remove the large notes. What will change the prices of the goods/ marketplace? A dramatic increase in the value of the currency that is importing the goods. General stability, security = FINANCIAL security, financial stability, not military security. Alak is a bank manger, not a military… Alak is saying today the market conditions are not correct for removing the large notes…and he does not have a date for that…he will not have an idea when until he raises the value and we know he is preparing to do that. Two different things…One is removing them physically to lower the note count….the second is removing them naturally because the prices have lowered due to a value change. The prices in the market place need to lower in order for the citizens to use smaller notes, thus no need for the larger notes. [post 2 of 2]
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WMAwhite (Dinar Guru) – Article: “The Central Bank Governor for “tomorrow”: Iraqi dinar is not in danger and delete deferred zeros” Folks…each of us need to pay attention to exactly what is said. Alak was referring to the large notes, the removal of the large notes from the currency. That is NOT the same as increasing the value of the currency. They are two very different events. …this is pertaining to the removal of the three zero notes from the marketplace/from the currency; “the Iraqi Central Bank did not specify a date for the “…deletion of zeros from the currency dinar,” This Statement is not about the change in the value of currency. He is saying that the prices in the marketplace are not appropriate yet in order to remove the currency. So, what will change the marketplace? [post 1 of 2….stay tuned]
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BGG (Dinar Guru) – Article: “Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed” [AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO!…does this mean Mosul?] probably – (my take)…it really looks like control of Mosul (and liberation) seems to be some kind of criteria (set for them by someone else). however, there are numerous references to this happening soon. ...in my book – that doesn’t negate any of the earlier CBI comments about the beginning of 2017 – sounds a bit like they may have had it planned for sometime before now and some calculus has put things off a bit…like Mosul? …AND Alak makes no mention of “how long” it is “postponed” (or what their original intended start date might have been)… a day – a week – a month?? He’s talking to a reporter. Could mean anything.
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Iraqi Dinar/Dollar auction 01-18-17 (most recent listing)
Currency Auctions Announcement No. 3362
This daily currency auction was held in the Central Bank of Iraq on the 1-18-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 35 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 157,515,015 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 157,515,015 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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RCookie (Dinar Guru) – [Any comments on this article? “Governor of the Central Bank of Iraq on the Keywords Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed“] THIS ARTICLE IS AN AFFIRMATION OF EVERY STATEMENT MADE IN PAST CONCERNING IQD MARKET STABILITY AND DISPUTE OF DEGRADATION…REASSERTS THE FISCAL OPERATIONAL DISCIPLINES APPLIED BY THE CBI…AND ALSO RESTATES THERE IS NO DATE SET FOR THE DELETE ZEROES PROJECT (WHICH THEY WILL NEVER ANNOUNCE)…AND AWAITS THE APPROPRIATE MARKET CONDITIONS AND GENERAL STABILITY OF THE COUNTRY…ALL IN THE INTEREST AND SCOPE OF ASSURING THE SUCCESS OF THE PROGRAM…THEY HAVE THOROUGHLY PLANNED THIS PROGRAM OUT IN ALL OF ITS COMPLEX STAGES AND ACTIONS…AND ARE AWARE…CONFIDENT AND IN PURSUIT OF ATTAINING THE ACCEPTABLE WINDOW OF METRICS TO LAUNCH…SO (as) TO ALLOW FOR MAXIMUM SUCCESS…NOT LEAVING ANYTHING TO CHANCE…
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Loopster (Dinar Guru) – IF YOU LOOK AT THE ACTUAL QUOTE FROM ALAK HE DOES NOT USE THE WORD POSTPONED (THE REPORTER’S INTRO DOES), WHICH WOULD INFER THAT A DATE HAD ALREADY BEEN SET AND KNOWN… TO MY KNOWLEDGE AN ACTUAL DATE HAS NEVER BEEN ANNOUNCED TO THE PUBLIC… I THINK WE WOULD ALL BE VERY AWARE OF IT IF ONE HAD BEEN MENTIONED… THE CLOSEST THING TO A DATE THAT ALAK HAS SAID WAS THAT IT WOULD START EARLY 2017… [post 2 of 2]
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Loopster (Dinar Guru) – Article: “Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed” SO A REPORTER FROM TOMORROW PRESS ASKS ALAK IF THE DINAR IS IN DANGER AGAINST OTHER CURRENCIES AND HE SAID NOT AT ALL WE ARE CONSTANTLY MONITORING IT, HAVE PROCESSES IN PLACE AND HAVE EVERYTHING UNDER CONTROL. THEN THE REPORTER ASKS HIM WHEN THE DELETION OF THE ZEROS PROJECT WILL START AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO! NO EARTH SHATTERING INFORMATION HERE. IT IS A PROCESS THAT WILL ONLY BE IMPLEMENTED WHEN ALL OF THE METRICS THEY ARE LOOKING FOR ARE MET. THIS WILL GIVE THEM THE GREATEST POSSIBILITY OF SUCCESS. [post 1 of 2….stay tuned]
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Follow us on twitter @DinarUpdates !!
Dinar Updates – “NEWS TIME” w/BGG & Company – Jan 19th 6:30pm CST – In the Dinar Updates CHAT Room!!
www.DinarUpdates.com – save as favorite
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TMan23 (Dinar Guru) – Deferred for the time being…… When I read this…… my first thought was…… THEY ARE READY TO GO….. To say deferred for the time being is NOT “Iraqi LINGO”……. If he had a teleprompter I would say the UST was on the other end typing…….. I expect to see BIG NEWS at anytime and not thinking in terms of weeks…..
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Islandg1211 (Dinar Guru) – The good news is that the CBI continues to move forward. Last week, Iraq’s banks got their IBAN international bank transfer number codes. That’s great news and really shows that Iraq certainly does plan to get the Dinar international again and off the UN sanction rate. Reports of more US banks buying and selling Dinar is also good news, testing the system, adding the Dinar, and making it internationally acceptable. Neither the IBAN codes nor the sale by banks of the Dinar make practical sense without the RV.
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BGG (Dinar Guru) – I really wish people would quit imagining the worst… nothing in here [The Alak interview] dissuades me of their ultimate intent… in fact, if you look at this, it really looks like they had imagined this to be DONE ALREADY. We are IN THE END GAME. This “deferred for the time being…” lingo is very gentle and a VERY NEW version of what they have been saying. They had POSTPONED indefinitely this project back in late 2012 (or so)… how is that different from right now??
Ultimately – this is a much different, in a MUCH DIFFERENT CLIMATE – so, while the BOO BIRDS will say “same ole – same ole” – it’s NOT EVEN CLOSE. VASTLY DIFFERENT.
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I can honestly say, the last few days… especially since this Alak interview supposedly delaying the RV, is the DUMBEST STRETCH OF GURU COMMENTARY in recent memory. These characters doing all the talking are damaging the collective IQ of the rest of us!! Sheesh!!
Quit listening to IDIOTS and just read what Iraq is saying… for what it is. We will help by bringing this info and adding some thoughts as we are able.
Thanks
BGG
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My Ladies (Dinar Guru) – …WHAT IS IBAN? IBAN IS AN INTERNATIONAL BANK ACCOUNT NUMBER. THAT IS ALL IT IS AND NOT EVERY COUNTRY THAT DOES BUSINESS INTERNATIONALLY IS REQUIRED TO HAVE ONE. FOR INSTANCE THE USA DOES NOT REQUIRE ONE BUT SOME COUNTRIES DO IN ADDITION TO A SWIFT OR BIC NUMBER. NOW YOU CAN ADD IRAQ TO THIS LIST, BUT STILL THIS HAS ABSOLUTELY NOTHING TO DO WITH CURRENCY…MONEY WILL NOT BE FLOWING INTO IRAQ ON THE IBAN. IT IS NOT “THE” IBAN AND IT IS NOT A MEANS OF CARRYING MONEY, IT IS SIMPLY JUST ANOTHER ACCOUNTING SYSTEM AND IT IS NOT A PRECURSOR TO ANY SO CALLED “RV”…
BGG ~ This person is downing this investment and busy “cashing in” on what little fame they have garnered HYPING some RIDICULOUS “digital crypto-currency”… NASTY.
P.S. Thanks for the juvenile lesson on IBAN except the US doesn’t use one because it’s primarily a European/M.E. thing… we use SWIFT Codes and ABA/Chips routing numbers to send and track money. Most of the rest of the world is happy to accommodate us (we are the U.S. – right?). Though it doesn’t directly imply a change in the value of their currency – IT DOES IMPLY A “re-engagement” with the economies nearest them and then the rest of the world. This is all part of the program we are looking for… BOOM!!
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Kaperoni (Dinar Guru) – That being said, I think the IMF stated just a week or so ago that the CBI only completed 3 of 9 benchmarks during 2016 as required as part of the SBA. So like usual, the CBI is behind schedule again. The good news is they are making progress, and they are implementing the requirements. I would expect that we are at least 3-6 months behind schedule at this point, but the CBI is not going to announce when they are going to get off the peg and float. And knowledge of moving from Article XIV to VIII will not be announced in advanced. We need to just watch the progress, let this come to us. It will happen..because there can be no market economy without it. [post 2 of 2]
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Kaperoni (Dinar Guru) – Article: “Iraqi dinar is not in danger and delete the zeros Postponed” Quote: “the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar,” noting that “subject to availability of appropriate conditions, including the general stability in the country.” He stressed the central bank governor and the agency, the need to “ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion.” I don’t see anything bad in this at all. …the CBI must create the conditions for the project to succeed. Time is not unlimited here…they need to get started before the market economy can launch. [post 1 of 2….stay tuned]
BGG ~ Tick-Tock-Tick-Tock…
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Hutch (Dinar Guru) – Article: “Rasheed: Direct selling the dollar early this week” Quote: “Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement…”the beginning of this week will begin selling the dollar for travelers across five branches.” He added, “The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence,” pointing out that “the sale will be at the official rate…” [What is the official rate is the million dollar question?] THE OFFICIAL RATE IS THE CURRENT RATE OF EXCHANGE AT THE TIME THE EXCHANGE IS BEING MADE.
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Loop (Dinar Guru) – Article: “Rasheed: Direct selling the dollar early this week” Quote: “Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement…”the beginning of this week will begin selling the dollar for travelers across five branches.” He added, “The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence,” pointing out that “the sale will be at the official rate…” THERE IS NO …WAY THAT ANYONE SHOULD DRAW THAT CONCLUSION THAT THIS IS HINTING AT AN RV! THAT BEING SAID I AM SO EXCITED AND I JUST CAN’T HIDE IT!
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Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed
BAGHDAD / Tomorrow Press – The Central Bank, said on Sunday that there is full control of the Iraqi dinar, revealing that the deletion of zeros from the currency, deferred for the time being.
The governor of the bank, on the Keywords, for “tomorrow’s Press,” that “the rumors about the Iraqi dinar at risk and prone to degradation and decline in comparison with other currencies as dollar, is not true,” adding that “Msatralih dinar fully and that in progress.”
He added, “The Bank operates in accordance with the monetary and fiscal policies which are managed accurately and feminization and that the issue of preservation of the Iraqi dinar of the priorities of his interest, but it’s at the heart of his work.”
And on the application of the process of deleting the zeros of the Iraqi currency, Keywords, said that “the Iraqi Central Bank did not specify a date for the”.deletion of zeros from the currency dinar, noting that “subject to availability of appropriate conditions, including the general stability in the country.”
He stressed the central bank governor and the agency, the need to “ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion.”
SO A REPORTER FROM TOMORROW PRESS ASKS ALAK IF THE DINAR IS IN DANGER AGAINST OTHER CURRENCIES AND HE SAID NOT AT ALL WE ARE CONSTANTLY MONITORING IT, HAVE PROCESSES IN PLACE AND HAVE EVERYTHING UNDER CONTROL.
THEN THE REPORTING ASKS HIM WHEN THE DELETION OF THE ZEROS PROJECT WILL START AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO!
NO EARTH SHATTERING INFORMATION HERE. THIS IS WHAT WE’VE TALKED ABOUT COUNTLESS TIMES ON DU. IT IS A PROCESS THAT WILL ONLY BE IMPLEMENTED WHEN ALL OF THE METRICS THEY ARE LOOKING FOR ARE MET. THIS WILL GIVE THEM THE GREATEST POSSIBILITY OF SUCCESS. TO DO IT ANY OTHER WAY WOULD BE CRAZY… – LOOPSTER
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RCookie (Dinar Guru) – Article: “Trade processing liberated areas of Mosul, the fourth batch of food items” Quote: “The Ministry of Commerce announced the processing of the liberated areas in the left coast of Mosul, the fourth installment of the ration card items (oil, sugar).” SO…THEY ARE PROCESSING RATION CARD ITEMS AND BENEFITS TO THE LIBERATED AREAS OF MOSUL…PEOPLE RETURNING HOME AND MORE BACK TO NORMAL ACTIVITIES.
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RCookie, WMAwhite and Hutch They will be working with the IMF to be prepped for that because there is a monetary reform process and an economic reform process…the revaluation of their currency is part of the monetary reform…this will kick start the economic reform…that is the trigger mechanism, IOO. But they have other things they have to do for the economic reform to be successful…because if you don’t have a sound economic environment this level of monetary reform is going to be difficult to support the valuation. Iraq has taken the position that they want their monetary reform to be successful and therefore their economic reform has to be successful as well. [post 2 of 2]
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RCookie, WMAwhite and Hutch The only reason they have the imposed rate on their currency is not sanctions put on by the IMF…it is sanctions put on them by the UN under Chapter 7. The IMF is helping them get back on their feet as they transition into a market driven economy along with the rest of the world and that is the process that we have been watching. Once the UN removes Chapter 7 that means they also remove the sanctions that were imposed from Chapter 7 and that releases Iraq to reinstate/revalue their currency… [post 1 of 2….stay tuned]
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Iraqi Dinar/Dollar auction 01-16-17 (most recent listing)
Currency Auctions Announcement No. 3360
This daily currency auction was held in the Central Bank of Iraq on the 1-16-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 31 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 159,104,757 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 159,104,757 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Loop (Dinar Guru) – Article: “The Trasport Ministry is putting pressure on the Korean company constructing the port of FAW’s breakwater barrier to finish the project.” The Transport Ministry is willing to expedite the process from their end by removing administrative obstacles. The port of FAW has the potential of being a huge revenue generator once it is fully operational…they plan on being a gateway for import goods going to Europe via the “dry canal” (Railway System) that they are currently constructing.
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RCookie (Dinar Guru) – Article: “Iranian company intends to invest an industrial city border…” [There is an amazing amount of news about people coming to Iraq, such ambassadors (Canada) and more companies (Russia).] AGREED….CANADA… RUSSIA…IRAN…JAPAN…AND THATS JUST TODAY…
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Phillyman (Dinar Guru) – Article: “Parliament to raise its next Sunday” Quote: “Raised the Presidency of the Council of Representatives, on Thursday, its second session of the second legislative term of the third legislative year to next Sunday, while the meeting included a vote on the Supreme Judicial Council Act.” …they are done till Sunday and the only vote taken I could find was for the Judicial Council Act.
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Dinar Updates – “Behind the Scenes!!”
Friday – Jan 13th
w/RCookie, Mr White,
Daytrader and Hutch!!
Click-N-Listen (link below)!!
Smart phone user link – Click here
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Loop (Dinar Guru) – Article: “Warka Bank” .. Citizens lament the huge sums of money entered did not graduate” Quote: “The manipulation of banks and private civil entitlements of citizens, is extremely dangerous, the fact that those practices and behaviors cast negative impact on the citizen’s confidence in the Iraqi banks in general, and especially the private banks.” …more proof that they a righting the ship and cleaning up the mess. People were not able to get the money out that they they deposited 7 years ago until just recently. Most likely they will be put under the tutelage of the Central Bank. …Alak has said that the Central bank will make sure that the citizens will get there money back even if the CBI has to do it. Rebuilding the trust in the banking sector is paramount to the success of Iraq moving forward.
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Adam Montana (Dinar Guru) – [When you read articles pertaining to the RV, what are some of the signs or tip offs that you see in an article that tells you something is going to happen? Also, is Iraq in another holding pattern now? I haven’t heard much coming from the Parliament lately.] I don’t actually look for “signs” or “tip offs”, I pay more attention to patterns and “big picture”. But regarding Parliament, I disagree there – I’m seeing a lot of good patterns continuing and also new ones emerging.
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Adam Montana (Dinar Guru) – [If Iraq is borrowing money, how can they afford to RV?] That’s a non-question… a financial company is building a 20 million dollar structure across the street from one of my commercial properties. I am personal friends with the banker who handles their loan… they don’t need a loan at all, they have at least 5x liquidity to cover the entire project. Why are they borrowing the money, then? Because that’s what smart money does.
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Dinar Updates – “The DU News Call!!”
from Thurs. nite – Jan 12th
w/The DU FaceBook Crew!!
Click-N-Listen (link below)!!
Smart phone user link – Click here
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Backdoc (Dinar Guru) – THE IMF STUDY CLEARLY STATES THAT YOU CAN’T CONVERT A DIGITAL CURRENCY TO A NON DIGITAL CURRENCY! THE NEW DIGITAL CURRENCIES WILL REPLACE THE OLD ONES NOT CONVERT! …SO WE KNOW EXACTLY WHAT WE ARE LOOKING FOR, THE NEW DIGITAL DOLLAR SINCE WE ALL KNOW THE OLD DOLLAR AS IRAQ STATES IS NOT DIGITAL! THE TIMING IS NOT ABOUT THE BUDGET OR ANY OTHER THING IN IRAQ IN MY HUMBLE OPINION, IT IS ABOUT THE ARRIVAL OF THE NEW DOLLAR WHICH IS COMING THIS WEEKEND OR NEXT MOST LIKELY, IMO
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Kaperoni (Dinar Guru) – Article: “The Ministry of Planning is responsible for the implementation of private sector development strategy” Currency reform must be completed before any market economy can begin.
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Arthur (Dinar Guru) – Two days ago we saw a CBI announcement calling for the “conversion” of what they call “uncles” which we have translated to mean the large notes held in Iraq and perhaps even globally. We then saw them transport a large amount of money to their largest bank which they say ended their over 2 year long severe liquidity crisis and IMO will facilitate this massive conversion from the aforementioned “uncles” to their lower denominations thus beginning the delete zero project on schedule in “early 2017”. [post 2 of 2]
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Arthur (Dinar Guru) – …we see several key progressive movements over just the past few days that give rise to much excitement and anticipation. Iraq’s IBAN (International Bank Account Number) that every country needs to conduct international banking and commerce that was set up in December went into full effect on January 2nd giving Iraq the ability to do banking and commerce with the international community. [post 1 of 2….stay tuned]
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Follow us on twitter @DinarUpdates !!
Don’t MISS – “NEWS TIME” w/BGG & Company – Jan 15th 6:30pm CST – In the DU CHAT Room!!
www.DinarUpdates.com – save as favorite
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loop (Dinar Guru) – Article: “Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions” IMO it is another part of the deletion of the zeros process falling into place. They will be able to track where all the money goes on an international level, which will ensure that the funds do not go to anyone on the blacklist.
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rcookie (Dinar Guru) – Article: “UN calls for “real” investment opportunities in Basra.” SO…THE NEW UN SECRETARY GENERAL GUTTERS TOWARD ADVANCING ECONOMIC INVESTMENT OPPORTUNITIES IN BASRA AND OPENING THE PRIVATE SECTOR SPACE TO DRIVE THE IRAQI ECONOMY BY CREATING REAL OPPORTUNITIES OF ATTRACTING COMPANIES AND CAPITAL TO BASRA…AND WILL BE SPONSORING A GLOBAL ECONOMIC CONFERENCE AND THE FEDERAL GOV’T COMMITMENT TO ACTIVATE AND SUPPORT THE PRIVATE SECTOR AND GUARANTEE PENSION RIGHTS FOR WORKS TO PROMOTE CONFIDENCE WHILST PROVIDING EMPLOYMENT OPPORTUNITIES FOR YOUNG PEOPLE OF THE PROVINCE… THEY ARE ATTACKING THEIR UNEMPLOYMENT AND POVERTY LEVEL ISSUES ON THE WORLD STAGE WITH GLOBAL AGENCY SUPPORT…
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rcookie (Dinar Guru) – Article: “Urgent infallible approve the 2017 budget law” Quote: “…initiated this law in order to approve the general budget of the Federal Republic of Iraq for the fiscal year 2017,” referring to the “sent for publication in the Official Gazette.” 2017 BUDGET LAW GOING INTO GAZETTE…
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Iraqi Dinar/Dollar auction 01-12-17 (most recent listing)
Currency Auctions Announcement No. 3358
This daily currency auction was held in the Central Bank of Iraq on the 1-12-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 34 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 150,609,279 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 150,609,279 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – “Central Bank supports the international mathematical figure the “IBAN” starting from 2 January 2017” Spectacular news! …its important for the transfer of funds to and from Iraq. A step closer.
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BGG (Dinar Guru) – …article about the greatly tightened border scrutiny of borders and ports with respect to currency moving out of their borders…I think a lot of people missed that one about the borders last week…it was much bigger than the ‘airplay’ it got...shows a serious ‘sensitivity’ to currency moving outside the borders in an uncontrolled manner. Which begs the question – why? In conrast – the US doesn’t worry too much about currency moving around… why is Iraq’s ‘currency sensitivity’ so heightened right now? the answer is easy – they’ve already told us.
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Enorrste (Dinar Guru) – “Central Bank supports the international mathematical figure the “IBAN” starting from 2 January 2017” Here is what IBAN means: “The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors.” Therefore, this is a major step in prepaing to go international with the dinar. By accepting the IBAN system they are saying that the rest of the world can access Iraqi bank account information if necessary. This is a huge opening and will prepare the way for entry into Article VIII and international trading of the dinar, in my view.
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BGG (Dinar Guru) – Article: “Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions” That is big news… Their IBAN ‘unification’ is a very big move…looks like we could see the start of international “re-integration” soon.
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rcookie (Dinar Guru) – GOT A WHOPPER FOR YA. Article: “Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions” Quote: “…introducing the international bank account number (IBAN) system in Iraq.” THIS IS BIG NEWS BECAUSE IBAN HAS BEEN PART OF THEIR WORKING BANKING SUPERVISION FOR MANY LOI’S FROM THE IMF…AND TODAY… BOULYAAAH! ABSOLUTELY … HUGE!
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BGG (Dinar Guru) – […”re-integration.” Is that the same as revalue…are we still believing that they will revalue around .90 equal to 1 dinar to begin with?] That’s not exactly the same…”re-integration” is more like a term the international community is using to describe this move to “re-engage” Iraq with the rest of the world economically. It is likely sometime around the same time they will start the project to “Remove the 3 Zero notes” as they have outlined over and over…the beginning stages of this “project” will likely include some change in the value of the Dinar. This is the stage most here are after – but there is much more to follow as well. It get more and more exciting by the day.
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Dinar Updates – “the After Call!!”
from Tues. nite – Jan 10th
w/RCookie, Mr White,
Daytrader and Hutch!!
Click-N-Listen (link below)!!
Smart phone user link – Click here
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Mailman17 (Dinar Guru) – WE ARE NOBODY IN THE GRAND SCHEME OF THINGS. THE AVERAGE IRAQI HAS SQUAT IN DINAR. AND IF YOU DO, YOU WILL BE DEALT WITH AN OPTION BY THE BANKS IN IRAQ TO COMPLY TO THEIR RULES WHEN DEPOSITING. AS FAR AS WE ARE CONCERENED, WE TOO WIL BE DEALT WITH FAIRLY, WITH THE BANKS MOST LIKELY TURNING OVER OUR DEPOSIT FOR CREDIT AND OUR MEASLY DINAR GOING INTO THE U.S. FOREIGN CURRENCY RESERVE. THE AMOUNT OF DINAR OUTSIDE IRAQ HAS BEEN FIGURED IN AND IRAQ WILL BE FINE COVERING IT AS IT WILL BE A VIABLE RESERVE USED BY OTHER COUNTRIES. …LETS SEE WHAT TRANSPIRES. THE END OF THIS RIDE IS ALMOST OVER. AS ALWAYS…JMO AND IN REGARDS TO IRAQS STATED FINACIALS…LOOK IN THE PAST…ITS THERE…THEIR FINE. [post 2 of 2]
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Mailman17 (Dinar Guru) – THE IRAQI DINAR HAS AND ALWAYS WAS SET UP TO BE A RESERVE CURRENCY. THE U.S. BRITAIN AND THE PARIS CLUB NOT TO MENTION IRAQS NEIGHBORS CAN ONLY BENEFIT BY HOLDING THE DINAR AS A RESERVE. THE MERE FACT THE U.S. DOLLAR IS STILL CONSIDERED A RESERVE CURRENCY IS MIND BOGGLING…YOU ADD IT UP. IF YOU BELIEVE THEIR M0 OR M2 IS THAT HIGH OUTSIDE IRAQ WITHOUT FATORING IN THAT MOST LIKELY 80% OF THAT NUMBER IS HELD BY FOREIGN GOVTS, THEN YOU GOT A SCREW LOOSE. THEY HAVE BEEN CAUGHT NUMEROUS TIMES WITH 2 SETS OF BOOKS. WHEN ADDING UP IRAQS M0 AND M2 FIGURE IN VIRTUAL CURRENCY AS WELL…NUMBERS ON A BOOK, NOT ACTUAL PHYSICAL CURRENCY. THIS IS AND ALWAYS WAS WAY MORE THAN WE COULD IMAGINE REGARDING PAYOUT. [post 1 of 2….stay tuned]
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MadDScout (Dinar Guru) – My anticipation is with what parliament does on its session to come…This one is chock full…And this one is Abadi’s chance to redeem himself to parliament according to reports… Ministers…3 at the moment…Interior, defense and, finance?
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Iraqi Dinar/Dollar auction 01-11-17 (most recent listing)
Currency Auctions Announcement No. 3357
This daily currency auction was held in the Central Bank of Iraq on the 1-11-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 34 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 153,971,978 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 153,971,978 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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tlm724 (Dinar Guru) – Article: “Central Iraq” supports the currency delete the “zeros” dinar” …the CBI has given us ample information yearly about the project. First they say we have a green light and then they recant saying “we aren’t quite ready yet” because it was true, they weren’t ready. I am excited for 2017 and all the promise it holds. We are fortunate enough to be able to read and study daily and with a little discernment we do get a pretty good picture as to what Iraq is doing. We know they have and are taking the steps outlined by the CBI to get this project launched once and for all. Parliament is supposed to resume their sessions on Jan 10th or there about. We need to see a few laws revised and implemented to insure a smooth transition to a free market economy and more importantly we need to see the economic laws to protect their wealth. You know just as well as I do that the IMF, the World Bank and the US Treasury have their hands in Iraq’s piggy bank and they aren’t going to let Iraq slip with this, there is too much at stake.
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BGG (Dinar Guru) – RCookie was talking about…a very interesting article…RCookie’s article spoke to the border crossing thrust to regulate “currency smuggling” – my take? IMHO – they don’t want “unauthorized” currency transfers OUTSIDE the country… ask yourself why? [they are getting ready to revalue their currency?] They have pretty much told us so… in a number of different ways. …I am suspicious the “outside” number is the one they are most concerned with. Why would they tell us? Because they don’t care if you know…they aren’t talking to you and I…AND Shabibi did say – they would tell (educate) their people leading up to this event/start of “the project”…
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loop (Dinar Guru) – Article: “Detection Network visit smart cards finance seized 1.5 billion dinars” Quote: “…in coordination with the competent authorities have been caught on one of the gang members and the introduction of appropriate officials to justice and to take necessary legal action against the defaulters.” Crime does not pay in Iraq anymore. It has become very apparent that the GOI has implemented strategies to stop the corruption and bring the perpetrators to justice. We see articles almost everyday that is showing this.
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Iraqi Dinar/Dollar auction 01-09-17 (most recent listing)
Currency Auctions Announcement No. 3355
This daily currency auction was held in the Central Bank of Iraq on the 1-9-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 22 |
| Number of remittance companies | 13 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 125,115,392 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 125,115,392 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) – Article quote: “Jordanian-Iraqi Business Forum will be held on the sidelines of the expanded meeting on Monday to discuss possibilities of strengthening economic cooperation and joint ventures.” SO ABADI MET WITH EROGAN FROM TURKEY YESTERDAY…AND HAS JORDAN PM TOMORROW WITH AN ECONOMIC AGENDA...
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BGG (Dinar Guru) – …everyone (me included) has operated under this premise that “they” wouldn’t tell us…like it’s some big secret… “the WHALES would sweep in and buy up Iraq for pennies on the dollar”…WHO WOULD THE WHALES BUY IT FROM? the amount of Dinar in circulation outside of Iraq is a set number – they could care less who owns it…me – you – the guy down the street… it’s all the same to them. …these articles they are printing are for their own people and their own purposes. Nothing to do with us… we are actually the little fish in this whole play. …the currency “re-integration” is NOT THE BIG PLAY HERE. Big time traders will make money on this the same way they always do – by trading once this new market goes digital and is accessible…and the big play is the “wall of investment capital” Iraq will get hit with once this happens. Once they are fully re-integrated in the world economy – THIS IS THE REAL PLAY. [The first few days on the ISX after their currency is international is going to be facinating.] Could be the biggest single movement in this whole happening.
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Kaperoni (Dinar Guru) – Article: “Central Iraq” supports the currency delete the “zeros” dinar” A couple of things… technically, Iraq does not need to be in Article VIII for currency reform. They can do that at anytime. …it is clear that the intent is to float the dinar or gradually raise the dinar over time which will raise the value of the dinar and raise the zeros. The IMF made it very clear (referring to the Ballassa Samuelson Effect) in 2012, and the CBI stated just last year they plan to bring out a 50, 100, 200 early 2017. Both of these statements only make sense under the circumstances I am explaining. LOP’s affect all notes at the same time, would not need 10 years to transition, would counter all statements made a few years ago by Saleh (the dinar will be held around the world for a very long time, etc), etc. etc.
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Dinar Updates – “DU News Call!!”
from Thurs. nite – Jan 5th
w/The DU FaceBook Crew!!
Click-N-Listen (link below)!!
Smart phone user link – Click here
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Kaperoni (Dinar Guru) – …the dinar won’t go to a dime overnight. It will rise gradually and thus the CBI can reduce the money supply from trillions to billions simultaneously.
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wmawhite (Dinar Guru) – They have laws that eventually need to be passed. However, none of those laws preclude a change in the value of the currency. Remember, nearly 21 months ago…March 3, 2015 the CBI announced that they had received the “green light” to move forward with the “Delete The Zeros Project.” nothing about needing any laws passed…this event is in process…it is not a single event. Instead, it has many parts to it and the value change is only one part of the project that is needed up front.
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Adam Montana (Dinar Guru) – I have a good feeling about 2017, and it’s not because of a “feeling”… it’s a direct result of having watched this thing like a hawk for a few long years and having compiled a “big picture” of where we are and where we need to go. Much of 2016 was hampered by ISIS. That’s just a fact. There was no way Iraq could have successfully revalued their currency to a significant number with so many problems with ISIS. …two articles this morning…about Iraq’s resumed push into Mosul…both are positive about Iraq’s current success and continued success. This WILL happen! My key focus towards the 2nd half of 2016 was HCL, and it continues to be HCL. Late December, Parliament set a specific date to start the “new” legislations for the year. That date was January 2, 2017, as in 2 days ago. Can anyone guess what legislation I’m excited to see? You bet! …some of what Parliament covered on their first 2017 session…it’s almost glaringly obvious that this will affect the HCL…
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Iraqi Dinar/Dollar auction 01-08-17 (most recent listing)
Currency Auctions Announcement No. 3354
This daily currency auction was held in the Central Bank of Iraq on the 1-8-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 17 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 156,295,293 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 156,295,293 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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rcookie (Dinar Guru) – Article: “Low monthly inflation rates and the annual report in November” Quote: “Hindawi said that “inflation index for the month of November last dropped by 0.7%, compared to October of last month,..” INFLATION DOWN 0.7% IN NOVEMBER FROM OCTOBER…AND DOWN 1% FROM NOVEMBER 2015… [And what did Shabibi say about inflation and monitiary reform?] IT IS THE DETERMINANT…
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rcookie (Dinar Guru) – Article: “Economist suggests that the economic comprehensive methodology in 2017” Quote: “Economic adviser and banker Samir Nasiri suggested the establishment of a Higher Council for the Department of Economic Affairs…” HERES A BEAUTY!…FROM…NASIRI… CALLING FOR A HIGHER COUNCIL FOR DEPARTMENT OF ECONOMIC AFFAIRS…AND INCREASE IN PER CAPITA INCOME AND PURCHASING POWER FOR CITIZENS… AND WANTS TO…TO TRANSITION FROM A “HYBRID” ECONOMY TO A MARKET ECONOMY…IN ORDER TO ACHIEVE ITS NDP GOALS THROUGH 2030 AS OUTLINED IN THE CONSTITUTION …AND DEVELOPMENT OF INTERNAL AND EXTERNAL TRADE TO BENEFIT ECONOMY…THEN FINISHES BY ADDING THE NEED TO RAISE PER CAPITA INCOME… PURCHASING POWER AND RAISE THE NATIONAL INCOME…(GDP)…WOW!…GREAT STUFF!
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Dinar Updates – “After Call!!”
from Tues. nite – Jan 3rd
w/RCookie, Mr White,
Daytrader and Hutch!!
Click-N-Listen (link below)!!
Smart phone user link – Click here
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Loop (Dinar Guru) – Quote: “…to facilitate measures to ensure that the ultimate beneficiary if an ordinary citizen or a merchant, and in a transparent manner requires that banks disclose the previous Khovatha and filter regulators Notes to control the dollar was trading movement locally and abroad Ohz would clean reputation Banking Iraqi abroad and the correspondent banks and thereby restore confidence sector Iraqi banking locally and internationally…” Why would they need to restore confidence in the international banking sector it they had no intentions on their currency being internationally recognized? [post 2 of 2]
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RCookie (Dinar Guru) – Article: “Economist suggests that the economic comprehensive methodology in 2017” Quote: “Economic adviser and banker Samir Nasiri suggested the establishment of a Higher Council for the Department of Economic Affairs…” HERES A BEAUTY!…FROM…NASIRI… CALLING FOR A HIGHER COUNCIL FOR DEPARTMENT OF ECONOMIC AFFAIRS…AND INCREASE IN PER CAPITA INCOME AND PURCHASING POWER FOR CITIZENS… AND WANTS TO…TO TRANSITION FROM A “HYBRID” ECONOMY TO A MARKET ECONOMY…IN ORDER TO ACHIEVE ITS NDP GOALS THROUGH 2030 AS OUTLINED IN THE CONSTITUTION …AND DEVELOPMENT OF INTERNAL AND EXTERNAL TRADE TO BENEFIT ECONOMY…THEN FINISHES BY ADDING THE NEED TO RAISE PER CAPITA INCOME… PURCHASING POWER AND RAISE THE NATIONAL INCOME…(GDP)…WOW!…GREAT STUFF!
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An invitation to support the dinar and the strengthening of its purchasing power
BAGHDAD / Mustafa Hashimi – Strengthening of the local currency is a national task they represent the sovereignty of Iraq and preservation of state stimuli represents a great responsibility lies with the relevant authorities in the light of a series of challenges taking place in the country.
Economic academic Dr. Essam Mahouelle called to be 2017 years to strengthen the dinar ‘s purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict foreign business dealings only in dollars…
Read More: http://www.dinarupdates.com/blog/
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Loop (Dinar Guru) – Alak has been sending the same message and really has not moved away from it for well over a year now. He gave the green light to start the project to delete the zeros over the year ago. Well before that they they pull the 50s off the street. Ask yourself why would a worthless note need to be pulled. Because of the new 50 that they were planning on release IMO. THen they were white listed. There are so many bread crumbs that all point to the same thing. Here is one of Alak’s more recent quotes: He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar. HUGE HUGE HUGE [and how do they accomplish that?] THe deletion of those pesky zeors is how. [post 1 of 2….stay tuned]
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BGG (Dinar Guru) – [Can Iraq go international with their currency before the UNSC meets and officially releases the final two sanctions?] the assumption the “Iraq can GO international with their currency” is a flawed viewpoint. They need this international support to do such a thing. Where would Iraq be if no one is willing to accept whatever change they put forth? …they will get to do what they get support (and guidance) to do…they succeed thus far – because they are listening and doing. [Hope the UNSC meets soon to provide the clearance.] The IMF and WB are much more important – the UNSC will be lucky if they exist in a year or two.
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Central Bank of Iraq supports the currency “delete the zeros” (from) the Dinar
Revealed the Keywords Governor of the Central Bank of Iraq to delete the zeros of the Iraqi currency, he began to develop the first steps of the support of the Iraqi dinar project.
Keywords and said in a statement, said that the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this strategic project will serve the country ‘s economy, as the dinar will be included in the global basket of currencies in the vital exchanges.
He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017. He pointed out that the introduction of the new currency does not mean the destruction of ancient coins, but will continue to trade for about 10 years.
Abmisr.com
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loop (Dinar Guru) – [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.] …urgency is not what I am seeing. Remember that this is a plan and as it is unfolding the pace should pickup pace…its call momentum. Now that they got this ship point downstream things that they put into play 1 or 2 or more years ago will start bear fruit.
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BGG (Dinar Guru) – [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.] I don’t know that “urgency” is in their vocabulary – but they are moving forward with “extreme prejudice”. Much of this progress is highly likely the oversight of the IMF/WB at play – they say – Iraq does, IT WORKS. Good stuff.
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Iraqi Dinar/Dollar auction 01-02-17 (most recent listing)
Currency Auctions Announcement No. 3350
This daily currency auction was held in the Central Bank of Iraq on the 1-2-2017
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 31 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 163,745,581 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 163,745,581 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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BGG (Dinar Guru) – [what are you most excited about lately?] All of it. Hard to pin my interest on any one thing…and maybe that is the exciting part – it isn’t just one thing. It’s the forward velocity on virtually all fronts. [top five?] 5) IMHO there is more to this comment by Abadi over Mosul taking 3 more months the other day… I really doubt that proves to be accurate… translation? Political posturing? Some kind of intentinal mislead? IDK – but it does seem at odds with most of his previous commentary. 4) The recovery of stolen monies by the GOI – big news. They are looking to put an end to the culture of corruption. 3) The passage of the J&A Law – HUGE piece…2) General forward velocity of all the Economic and Financial reforms going on right now – they are really building an economy – FAST. 1) Obviously – the statements by the current Gov of the CBI concerning their “beginning of 2017” timeline – HUGE!
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loop (Dinar Guru) – Article: “Integrity court to prevent the theft of hundreds of billions and address the imbalance in the developed banking system” Quote: “…the judiciary turned to breaches in the system and the procedures taken against those responsible, whether thieves or corrupt officials.” SOMEONE GOT CAUGHT WITH THIER HAND IN THE COOKIE JAR. HOW DID THEY CATCH THIS?… WITH THE ELECTRONIC CLEARING SYSTEM THAT WE HAVE BEEN HEARING ABOUT…MORE PROOF OF ACTION ON THE BANKING REFORM FRONT…
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Frank26 (Dinar Guru) – Like a spider leg slowly probing what’s in front of it before taking it to the mouth …The Dow and Oil Prices cautiously approach levels of interest … A Flag by A (Abadi) in the dead Center of Mosul would expedite many things in an LL (long line) very quickly …. IMO…. We will very soon. …[What are the chances they launch 2017 at the program rate…??? We would all have to go back to the drawing board…..] NO !!! !!! !!! … We will NOT !!! !!! !!! The PR (Program Rate) can and more than likely will be in the 2017 Budget.
BGG ~ PR in the budget is highly unlikely.
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Central bank: 2017 will see the issuance of new cash categories
Director General of counting version and inventories at the CBI Ihsan Yasiri delete the zeros of the Iraqi currency and a national project to feminine Iraqi currency, likely work on the project early in 2017.
“The Yasiri that” the central bank began to study the development of new designs for the currency after the removal of zeros it, “noting that” the deleted zeros currency will deliberate for Sntn in the local markets, as the bank continues to center to pull the old category of the currency over ten years. ”
Likely launch a new category of the beginning of the currency in 2017 because there are a number of opponents of the project, “pointing out that” monetary Asaddaramlat category 50, 100 and 200 to ease trading burdens currency after deletion of zeros, as well as the provision of liquidity to the means of transportation of currency. “…
Read More: http://www.dinarupdates.com/blog/
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