DINAR OBSERVER DAILY Feb. 25th

Would you invest in Iraq?

See More: http://video.foxbusiness.com/v/5335722494001/?#sp=show-clips
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BGG (Dinar Guru) –  I am very excited about the recent progress on Mosul, economic reform, international support (potentially international acceptance) and more. Literally and AVALANCHE of news. It seems Abadi is again “forecasting” as he was back in late 2016. What this means?? Anybody’s guess.
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Loop (Dinar Guru) –  The Iraqis are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being delt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO
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follow Dinar Updates on twitterDinar Updates – “NEWS TIME” w/BGG & Company – Feb 26th 6:30pm CST – In the Dinar Updates CHAT Room!!

www.DinarUpdates.com – save as favorite

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Enorrste (Dinar Guru) –   Article:  “Parliamentary Finance: Iraq’s debt rising to more than 126 trillion dinars”   Quote:  “The Committee suggested that the Government, if the price per barrel rose to above $ 45, to go surplus funds to the central bank to increase the cash reserve, or the repayment of foreign debt.”     I found the …article…referenced just above to be interesting.  It says that at $45 per barrel Iraq would be in a surplus position.  According to NASDAQ the current price of oil is $54 per barrel.  This means that Iraq has apparently cured their budget deficit problems, at least according to the IMF.  It is also for this reason that the IMF can postulate that reserves in Iraq will rise significantly over the next 2 or 3 years to $91 billion.  Having said that, I feel that the IMF in making these statements is quite confident that things are moving in the right direction for them to initiate the float this year.
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Loop (Dinar Guru) –   Article:  “Parliamentary oil suggest the presence of 300 billion barrels of undiscovered”  Quote:  “...said the oil profanity by Mehdi al-Hafez, Tuesday, that there is a plan of action will begin to explore more than 300 billion barrels of oil, Iraq added to the reserve.”  If Hafiz is correct Iraq will have the largest reserves in the world.  What we do know for sure is that they just add 10 billion to their reserves last week.  Iraq is currently 5th in the world as far as oil reserves go. Much of their country has yet to be explored for oil. I would be surprised if they do not find much more.
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Abadi condemning al-Maliki in the fall of Mosul

East News – Maliki was sentenced fateful and disastrous in all specifications. Iraq has tasted the scourge and calamities for eight years in lean times Kalhandal, wherein deepened the rift and dissent and the wounds between the people and factions , components, and they took control of hatred, hostility and hatred welcomed the seeds of revenge.

The corruption and financial looting came to the brink of bankruptcy treasury Iraq, testified golden age in the robbery and banditry, and its Tcatherat plays Althregih irony and comedy, prepared its advance, production and directing will come with the escape of hundreds of prisoners, criminals , terrorists murderers from prison, and his covenant fateful escalated the language of intolerance and arrogance and arrogance, even dealing political stupidity reckless, WAM Great misfortunes represented the fall of Mosul, not confrontational war, but in the receipt by hand to organize Daesh terrorist, leaving the fate of more than two million citizens in the brink of danger and death and slaughter, and then continue the series of calamities followed the fall of the three other provinces which (Anbar, Salahuddin and Diyala)…

Read More: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) –   Article:  “Abadi Votal discuss the battle of Mosul and international support for Iraq”   I don’t expect the CBI to “flip” a switch the day after liberalization of Mosul.  It will take some time to stabilize the area and begin the clean up, return citizens to their homes etc.  So we could be waiting a few months after before the CBI decides to begin currency reform.  Especially with the spread still not close to 2%.
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Kaperoni (Dinar Guru) –   Article:  “Iraq joined the Convention on the transparency of the arbitration between investors and states”  Quote:  “This agreement is an important message and clear to the world that Iraq is a major hub in the Middle East for investment and reconstruction and construction,” noting that “this agreement adopted by the United Nations to save the rights transparently in the event of a conflict between investors and states.”   Dispute resolution is critical.  A good sign.
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Kaperoni (Dinar Guru) –  Keep in mind, there are several things that could effect the reserves.  Oil prices could skyrocket to $100 +, they could officially get out of UN Chapter 7 and get some funds that are being held released, etc.  But it seems like the IMF has a plan with the CBI.  We all have seen the efforts the last 12 months or so to improve the banking system.  So despite these possibilities, I believe the reason is more in line with improving Iraq’s economy, putting people to work, rebuilding post ISIL and opening the banking system to the world for investment…at least we can hope anyway.   [post 2 of 2]
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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 – 02.25.2017

http://www.cbi.iq/

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Kaperoni (Dinar Guru) –  Article:  “IMF confirms the stability of Iraq’s reserves of hard currency”  Quote:  “the IMF said in his study, that Iraq reserves will arrive in 2018 to $ 62 billion , and then rise to $ 91 billion in 2020 due to improved conditions of the Iraqi economy and oil exports and its derivatives and the sufficiency of electricity imported to some provinces and gas export and promotion of tourism, industry and all economic resources bode well   I think the important thing here is that something pretty substantial must occur this year for this forecast to be true.  As we all should know by now, Iraqi oil is not enough at the current prices to increase reserves because they spend more than they make.  So I expect them to transition to a market economy this year in order to improve the reserves by $50 billion over the next two years or so.  [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) –   Article:  “Abadi condemning al-Maliki in the fall of Mosul”  He wanted to be Prime Minister, time he take responsibility for his actions or lack there of. 
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Loop (Dinar Guru) –   His opinion is that .83333 cents to the dollar would be more managable.  [So the exchange rate would be 1/.83 = $1.20.  1 divided by .83…In USD]   This is where they feel they can defend (support) the rate based on their current economic capacity. This will increase over time has they economy grows.  Remember that this is one persons opinion. What is so very encouraging is that this really shows that the expectation is a marked increase in value, which is very positive for this investment.  Mr White made an excellent point…about them not having much to export, other than oil that is. The price of oil is fixed in the world markets and is traded in petro dollars so oil would not be effected by the increased dinar value. For the rest the GOI can always do what we do in the USA. What I am referring to is subsidizing the exports to bring the price down. This ensures that industries flourish while keeping the costs of exports low.  [post 2 of 2]
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Iraqi Dinar/Dollar auction 02-23-17 (most recent listing)

Currency Auctions Announcement No. 3388

This daily currency auction was held in the Central Bank of Iraq on the 02-23-2017

The results were as follows:

DETAILS NOTES
Number of banks 35
Number of remittance companies 13
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 164,465,069
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 164,465,069
Total offers for selling (US$) —–

More: http://dinarupdates.com/blog/
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Loop (Dinar Guru) –   Article quotes:   “Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars to the dollar instead of 1200.” “But the move was postponed to a later date due to the exit of some Iraqi areas under government control after the occupation of «Daesh» her. Then the military operations began to recover these areas which still exist. The government is expected to return to the project itself after the end of military operations.”   “The price of the Iraqi dinar former (US $ 3.2) was exaggerated and will continue to be overrated if has to return to it in the future. It will make imports cheaper, but it hinders improvement of production and export capacity of Iraq, may be the price of 1.2 dinars to the dollar or dinar against the dollar is a good price.”  So this economist is saying that while 3.2 dollars per dinar (Old rate) would make imports much cheaper it would cause exports to be expensive.   [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) –   Article:  “Funding Facility for Economic Reform established to invigorate IraqÂ?s reform initiatives”  Quote:  “…UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus.”   Very good article.  It appears the UN is helping Iraq push these needed reforms forward.
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Enorrste (Dinar Guru) –   Instead, KAP discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world.  But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable.  Furthermore, he implies that this has been in the government’s plan book for over 4 years, as KAP has already explained for the last 4 years!  In other words, he is confirming…the correct view of the situation while at the same time specifically denying that an RV would work.  Finally, as KAP noted, we see that, at least from this writer’s point of view, the only thing now holding up the implementation of the float is the ISIS situation.  It is anyone’s guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient.  Only time will tell.   [post 2 of 2]
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Enorrste (Dinar Guru) –   Article:  “Raise the price of the Iraqi dinar to the fore again”   Quotes:  “Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq…”   “…Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars...”  “The government is expected to return to the project itself after the end of military operations.”    This is one of the most positive articles I have read in a long time.  The author clearly states that it is not possible to “RV” in the traditional sense and explains why. [post 1 of 2….stay tuned]
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A Dinar News Time Call
“with the DU FaceBook Crew!!”
from Thurs nite – Feb 23rd

Click-N-Listen!!

Smart phone user link – Click here

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Adam Montana (Dinar Guru) –   The question, then, is “When will the Dinar Currency of Iraq Revalue?This investment is not a scam, but you must be prepared to wait for things to happen. It may revalue, or “reinstate”, to a previous level, which would make many of us rich overnight… or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make. One thing I do know, for a fact… the Iraqi Dinar will not stay at it’s current “value” forever.  [post 3 of 3]
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Adam Montana (Dinar Guru) –   Here are a couple of very real facts: Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If you know anything at all about Saudi Arabia and Kuwait, you should know that their currency is very valuable and their natural resources are the reason. So, why isn’t Iraq as rich as Saudi Arabia and Kuwait? That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily. Crime and terrorism is lower and lower all the time! And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s  “black gold”.   [post 2 of 3….stay tuned]
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Adam Montana (Dinar Guru) –   This is the question I’ve been seeing a lot lately: “Is it a scam”? In a word – NO.  The Iraqi Dinar is an item that has a past, present, and future value We can put a dollar amount on that value for the past and the present, so the only real question is what the future value will be. If the value raises, you can profit. It’s THAT simple. Keep this in mind when you read anything on the dinar – a savvy speculator must always be able to separate fact, opinion, and distractions. Here are some facts that will help you with this question of whether or not the “Iraqi Dinar” is a scam. The Iraqi Dinar Currency that is used today in Iraq is arguably one of the most sophisticated currencies in the world. The technology that makes it almost impossible to effectively produce usable counterfeit dinar currency is amazing.  …what about the “investment” itself? Is investing in the dinar currency a scam?  The simplest concept you need to understand when talking about the Dinar Currency is that nobody is going to be able to tell you exactly when it will revalue. But does that mean the Iraqi Dinar Currency hype is a scam? Absolutely not!  [post 1 of 3….stay tuned]
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Iraqi Dinar/Dollar auction 02-22-17 (most recent listing)

Currency Auctions Announcement No. 3387

This daily currency auction was held in the Central Bank of Iraq on the 02-22-2017

The results were as follows:

DETAILS NOTES
Number of banks 33
Number of remittance companies 13
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 161,244,975
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 161,244,975
Total offers for selling (US$) —–

More: http://dinarupdates.com/blog/
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firefly (Dinar Guru) –   Article:  “Include the introduction of modern irrigation systems”  Quote:  “The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized.”  Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil.  Agriculture is as great an ASSET as is oil and gold.  Iraq is following the IMF requirements to the TEE.
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Kaperoni (Dinar Guru) –    …measures need to be in place for the success of the transition from a fixed rate to a float.  Just exactly to what extent is yet to be seen.  That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar Just the exposure alone to the world financial system should be enough to create some upward movement in the value. 
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Kaperoni (Dinar Guru) –   Article:  “Raise the price of the Iraqi dinar to the fore again”   Seems pretty clear that the author/economists want to raise the value gradually like we have stated over and over.  The good news is they say they expect it to start once ISIL is gone.  Quote:  “The government is expected to return to the project itself after the end of military operations.”
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A Dinar Round Table Call
“with the whole DU Crew!!”
from Tues nite – Feb 21st

Click-N-Listen!!

Smart phone user link – Click here

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BGG (Dinar Guru) –   “Headline: Securities recorded an increase of 308% in the number of shares traded last week”  (that would be for the ISX)…and 130.7% the week before...it would appear the “chunky money” and investors are feeling more and more secure in their own market place BY THE DAY!  [That’s a week over week volume increase.]   They know what’s coming. I just hope they leave a little meat on the bone for us.  It just shows the mood of the private investor – which is good for us…They aren’t complaining about the “worthlessness of their currency” – they are slingin’ that stuff around like a fat kid chasing ice cream cones!
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firefly (Dinar Guru) –   I don’t have a date nor a rate but one thing is for certain, we are standing on the edge of the precipice.  And… IT WILL NOT Be A FREE FLOAT LIKE SOME FOLKS SUGGEST.  Those that suggest a free float are not very versed on the laws set up by the IMF and the WB a few years ago.
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Loop (Dinar Guru) –   Article quote:  “the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states,” and expressed hope that “Iraq is essential to attracting capital and center.”   Huge step forward to open the doors to the wall of Investors.  IT’s right out of article 22 of the Investment Law.  Article 22:  The foreign investor shall enjoy additional privileges in accordance with international agreements signed between Iraq and his country or multilateral international agreements which Iraq has joined.
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Loop (Dinar Guru) –  Article:  “Keywords: private banks, their performance distinctive and are satisfied with it”  Alak came out today punching the media for misreporting.  …he is saying…out of 60 private banks only 2 or 3 are not where they should be and they are currently work with them to correct this.  …ealier in the week a MP on the finance committee came out with the figure that the CBI reserves are 40 billion dollars and Alak came out today saying that the reserves are 49 billion dollars and that they are well within international accepted standards. In addition they…the reserves cover the local currencies by a “large margin”.   It’s important to note that most countries in the world only have enough reserves to cover their currency by 10%.  Iraq can currently cover their currency by over a 100%.
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Breitling (Dinar Guru) –   What’s the deal with the math with Iraq?  Take a look at this…look at their economy now.  How much oil are they producing compared to how many people they have and the market prices.  Now go look before the first gulf war.  They are producing more.  There are more people in the world buying oil so the whole thing is bigger.  But their currency is at a tenth of a penny?  You think that’s the market rate?  Are you blind?  This is for the people who are not in this investment…how blind are you?  Obviously the currency is artificially held down…Go by the math.  All the math is there.  All the proof is there.  You don’t need to have doubts.  The question is, when is this going to happen?   Everything I talk about is based on principle..it’s the numbers…It’s everything.  Fortunately, I didn’t come up with those numbers.  Guess who came up with those numbers?  The Ministry of Finance.  The Ministry of Planning.  The parliament.  the CBI.  That’s what you need to worry about.
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BGG (Dinar Guru) –   “the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states,” and expressed hope that “Iraq is essential to attracting capital and center.”   …the agreement represents an important signal to the international arena… BOOM!! they are providing assurances, protections and a way in and out for international investors.  these are CRITICAL items to the freedom of movement of capital in and out of Iraq. [The agreement was signed at the United nations.]  yes, which BTW…was more than a little shocking to me.  It appears the UN is much more involved I imagined.
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Ebadi: I did not understand Nuri al-Maliki orders the withdrawal of three teams from Mosul

Treasures Media – Follow-up – Iraqi Prime Minister Haider al-Abadi, who now leads the battle to liberate Mosul that so far did not understand why gave orders that day Iraqi Prime Minister Nuri al-Maliki of the three divisions of the Iraqi army to withdraw from Mosul, leaving their weapons and tanks to Daesh withdrawal and to come to Baghdad, he said…

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

Loop ~ What is very encouraging about what is going on with regards to Maliki is that there is a common narrative that is being presented via the media. That is that the reason that Iraq is in the current financial crisis is because of the actions of Maliki. He stole the lions share of the money, he killed or jailed anyone who opposed he, and he allowed Daesh to take over Mosul. IMO.. There is much more to the meeting in Geneva between Abadi and the representatives from the International Criminal Courts (Hague).

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wmawhite (Dinar Guru) –   Article quote:   “the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states,” and expressed hope that “Iraq is essential to attracting capital and center.”  This shows that the GOI has been signing agreements/conventions that we never knew about. The GOI has been doing this because they do not require the Parliament consent to do so.  HUGE…well as important bilateral and international conventions signed by Iraq and the number of States”… And where was this announcement made?  the United Nations…The agreement was signed at the United nations.
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BGG (Dinar Guru) –  …much of the expectation we’ve all had – was directly inspired by Abadi and Alak. They are the ones telling us when they were going to “start the project”… whatever “delay” Alak commented on – seems to drawing to a close…the delay – appears to be the handling of Mosul. They expected this done sooner – it wasn’t… looks like now it is.  That’s the key – AND, I fully expect some very good news coming out of Mosul this coming week.
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BGG (Dinar Guru) –    [...is HCL land boundries and alotment for oil?]  HCL is (generally) referrred to as “The Hydro-Carbon Law” – AKA H.C.L.   there are several variants.  for a true HCL – it is possible they need to solve Article 140 – which will require a truely accurate census… (none of which will happen soon)…now – here’s the good news…They have managed to “side-step” this whole issue by regularly “codifying” something of an HCL agreement in each and every annual budget…since 2015?  HCL isn’t so much land boundaries as it is – WHO GETS WHAT… in simplest terms…how much each bunch gets.  But…they have handled it – in more of a technical “end around”…  […always heard no hcl no reval.]  Let me help you – that’s bull ****.
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Iraqi Dinar/Dollar auction 02-21-17 (most recent listing)

Currency Auctions Announcement No. 3386

This daily currency auction was held in the Central Bank of Iraq on the 02-21-2017

The results were as follows:

DETAILS NOTES
Number of banks 33
Number of remittance companies 13
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 163,992,777
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 163,992,777
Total offers for selling (US$) —–

More: http://dinarupdates.com/blog/
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BGG (Dinar Guru) –    Article:  “Iraq joins the transparency in the arbitration agreement between investors and states”  Oh wow – they are REALLY BEATING THIS DRUM right now…  Once international investment has both and way in and a way out – you can have “freedom of movement of capital” – AKA TRUE EXCHANGE…then the IQD will be able to move freely as well. They may not be “there” just yet, but they aren’t far off.  [You mean freedom as in some form of FREE MARKET ECONOMY!]  in every sense of the word.
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Loop (Dinar Guru) –   Investors will not come to Iraq in any meaningful way until they are sure that they can get their initial investments and profits out of Iraq whenever they choose to do so. Investors coming into Iraq is a major part to ensuring that Iraq realizes it’s vision of being one of the riches countries in the world…   Now for the million dollar question.  Is the investment law needed prior to an increase the purchasing power of the dinar? IMO…NOT HAVING THE INVESTMENT LAW PASSED WILL NOT STOP THEM FROM AN RV…HOWEVER IT DOES HAVE TO HAPPEN SHORTLY THERE AFTER IF THEY WANT THE WALL OF INVESTMENT CAPITAL TO COME IN A SUPPORT THE MOVE OTHERWISE THEIR ECONOMY MOST LIKELY WOULD FALTER…HUGE PIECE OF NEWS!  [post 2 of 2]
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Loop (Dinar Guru) –   Article:  “Iraq joined the Convention on the transparency between investors and states”  Quote:  “National Investment Commission announced on Wednesday it had signed an agreement on transparency in the arbitration treaty-based investor-State in 2014 at the United Nations headquarters in New York.”  What is very encouraging about…this article, is that it indicates that some of these international and bilateral agreements have already been signed. Which is right in line with Article 22 of the Investment Law…this is a very big tell. Why on earth would they even bother with these agreements unless they had every intention of needing them in the near future?   [post 1 of 2….stay tuned]
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Merkel Ebadi: We will send a special envoy to Iraq to support the “economic reform”

Roudao – Erbil – informed German Chancellor Angela Merkel , Iraqi Prime Minister Haider al – Abadi, Saturday, sending a special envoy to Baghdad in the coming days to support the “economic reform” plans.

He said al – Abadi ‘s office in a statement, that ” the Prime Minister Haider al – Abadi and German Chancellor Angela Merkel held in Munich today for a bilateral meeting and the meeting of joint talks, has been , during which the review of the advanced level reached by the relations between the two countries and the results of liberalization of Nineveh operations and supporting Iraqi troops and pay tribute to the sacrifices of Iraqis, as well as the reform program of the Iraqi government and issues of common interest in the region Search. ”

Merkel stressed, according to the statement, “her country ‘s commitment to the unity of Iraq and supporting Germany continuously both directly and through NATO will expand in the field of military support,” praising ” the cleanliness of the battle and respect for human rights and the protection of civilians by Iraqi forces.”

Merkel said she instructed to “send a special envoy to Iraq in the coming days to support the government ‘s economic reform plans.”

The Prime Minister Haider al – Abadi, arrived on Friday to Germany to participate in Munich Security Conference.

Read more: http://www.dinarupdates.com/showthread.php?46629-Merkel-Ebadi-We-will-send-a-special-envoy-to-Iraq-to-support-the-quot-economic-reform-quot&p=169871#post169871

BGG ~ SWEET!! When is this happening?? ASAP!!

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BGG (Dinar Guru) – Article:  “Iraq joins the Convention on transparency between investors and the States”  (the vitally important paragraph…) …”Iraq has issued a number of legislation that works to protect the investor and capital to do business in the country, at the forefront of investment law number 13 year 2006 and amendments which carries a lot of features and protection for investors, as well as important bilateral and international conventions signed by Iraq and the number of States”…   I don’t think I can stress enough – how important this is…and it may not IMMEDIATELY = what your timeline “wants” are – but it is BIG NEWS. Likely, THE TURNING POINT…   Read that last paragraph again… (and again) – This may be THE NUMBER ONE piece of Dinar News “pre-RV”.   I have been looking for a couple of important pieces to fall into place, this is one of the top 2 or 3…HANG ON!
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Aggiedad77 (Dinar Guru) –   …Prime Minister Haider Abadi, the Iraqi in Munich Security Conference…What message was VP Pence delivering to Abadi, likely IMO coming straight from President Trump…those are the true nuggets of this trip…will Abadi head back to Baghdad tonight on his own personal red-eye flight…has he been given the green light from the leader of the free world…to step Iraq into a new realm…That is what I watch for…it is coming…IMO.
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Breitling (Dinar Guru) – …Do you think President Barak Obama, President George Bush Jr., President Bill Clinton and President Trump and can get together and deem these note this value and then all of a sudden they are worth a buck?  If you think they can do that and have the power to do that then you’ll buy anything.  That’s not how it works.  They still have to reduce the note count no matter what.  No country in the last 100 years has gone outside those principles.  This is very easy to follow.   [Post 2 of 2]
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Iraqi Dinar/Dollar auction 02-19-17 (most recent listing)

Currency Auctions Announcement No. 3384

This daily currency auction was held in the Central Bank of Iraq on the 02-19-2017

The results were as follows:

DETAILS NOTES
Number of banks 32
Number of remittance companies 13
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 162,651,992
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 162,651,992
Total offers for selling (US$) —–

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