Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.
Word for the day…
1 Corinthians 15:58 (NKJV)
58 Therefore, my beloved brethren, be steadfast, immovable, always abounding in the work of the Lord, knowing that your labor is not in vain in the Lord!
Heavenly Father, Thank You for the beloved body of Christ! Thank You for the work You have given us. In Jesus Name, Amen.
Mrs BGG
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CURRENCY CODE SELL BUY
Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1166.000 | 1164.000 |
| Euro | EUR | 1279.802 | 1279.162 |
| British pound | GBP | 1795.523 | 1794.626 |
| Canadian dollar | CAD | 889.669 | 889.224 |
| Swiss franc | CHF | 1177.540 | 1176.951 |
| Swedish krona | SEK | 136.747 | 136.679 |
| Norwegian krone | NOK | 137.009 | 136.940 |
| Danish krone | DKK | 171.584 | 171.498 |
| Japanese yen | JPY | —– | —– |
| Special Drawing Rights |
SDR | 1626.757 | 1625.943 |
Indicative rates – 11.06.2015 (no change as of 11/05)
http://www.cbi.iq/
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Every man is a damn fool for at least five minutes a day. Wisdom consists of not exceeding the limit. – Elbert Hubbard
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*** Current Posts ***
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Dinar Updates @DinarUpdatesIraq’s top Shi’ite cleric warns parliament not to stall Abadi’s reforms
http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) – Countrys getting loans just prior to a currency increase is common practice and history. A bank will not loan one money unless they feel the loan can be paid back! 11666 will NOT fill that obligation! IMO, the time for talks and debates has come to an end.
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Mnt Goat (Dinar Guru) – They now have a fixed currency already. They already tried floating their currency and put it back on a fix. They have done this many times already… The problem is they are still technically in sanctions from Article 8 of the UN war sanctions against Iraq. Until they get their currency returned to them to the international/global arena they will remain in article 8, float or fixed it does not matter. They need a “real” currency and not this play money. What we are looking for is for them to tell us they are launching the lower denominations notes, or launching of the 50k / 100k notes or the continuing with the “project to delete the zeros” or the re-pricing the dinar against all international currencies and not just the US dollar. Are they planning to go international? Yes… the bottom line is they still have to do something with the currency first and they must realize eventually it is going international.
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BGG – RUMOR: Chalabi was about to go on TV and expose Maliki along with the rest of the corruption….
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Chalabi “delivers” the religious authority file [of] corruption before day of his departure
http://www.dinarupdates.com/blog/
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Poppy3 – THEY HAVE ALWAYS MENTIONED A MEDIAN RATE THEY CAN MAINTAIN … WHAT IS THAT RATE…NO ONE KNOWS YET BUT IT WILL HAVE TO BE SUBSTANTIAL TO FULFILL THEIR BUDGETS AND PAY LOANS ALONG WITH RESTITUTION LEFT UNPAID. I AM CONVINCED PERSONALLY THAT RATE WILL BE CLOSE TO $3.00 PLUS. THIS IS MY OPINION ONLY BUT BASED ON STATEMENTS MADE BY SHABIBI AND HE IS STILL THE ONLY IRAQI THAT I CAN SAY NEVER LIED TO THE PEOPLE OF IRAQ AND US IN MY 12 YEARS OF FOLLOWING.
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Enorrste (Dinar Guru) – Therefore, I believe it is reasonable to conclude that, ultimately, this movement is being driven by the IMF and that they, along with the CBI, who are in the same pea pod as the IMF, have sold Abadi on the entire plan. Now we know that Abadi has sold his “reforms” to Parliament. In short, the ball is moving and I believe it will move quickly. Saleh has already been on record that the beginning of a year is the proper time to make this sort of major advance (the float). To conclude, these reasons bolster my view that we will see the float in early 2016. [post 2 of 2]
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Enorrste (Dinar Guru) – I believe that Abadi has sold his program to the Parliament and that program is the CBI plan to raise the value of the dinar. This means that for the first time we have all of the major players on the same page, irrespective of Maliki’s attempt to meddle in the process. I see forces moving that cannot be stopped easily. Furthermore, if you recall, it was the IMF who insisted that the Investment Law be passed before the end of October, and it was, barely. It was also the IMF that stated unequivocally that Iraq would “enter the world market” in early 2016. [post 1 of 2….stay tuned]
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tman23 – There are soooooo many studies completed by Ivy League schools And all of them that I have read come to a similar conclusion. The conclusion is that a country entering a market economy and becoming an emerging market would find that floating it’s currency would be high risk and ultimately a disaster…AND foreign investment views a floating currency a high risk and large hedge fund managers and public traded companies would not take the high risk as they find the float unfavorable.
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Adam Montana (Dinar Guru) – I’m getting some positive messages from my contacts regarding possible movement on this. HCL is definitely a hot item right now... excited to see how this proceeds.
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firefly (Dinar Guru) – Abadi is smarter! Always 2 steps ahead of Maliki. Maliki could make all the noise he wants. He has no power and his followers are too few to count and diminishing daily. They have the goods on him. There is a reason the axe hasn’t fallen yet.
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Iraqi Dinar/Dollar auction (most recent listing – from) 11-05-15
Currency Auctions Announcement No. 3067
This daily currency auction was held in the Central Bank of Iraq on the 11-05-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 23 |
| Number of remittance companies | 16 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 178,835,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 178,835,000 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
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Mnt Goat (Dinar Guru) – …this past week there was much news again. Yet more news of the long awaited laws dealing with implementing the Abadi reforms. I have talked about these laws and why they were important prior to any RV. Now we have a few of them remaining and we find a deadline of Dec 1st to complete. The HUGE news, the hot off the press news now is all about doing something with the Iraqi currency. This is all good and what we need to be hearing. We need to hear it because we all should know by now they NEED to get off the post war, UN sanctioned, provisional currency and go international. Iraq needs to get fully out of Chapter VII sanctions and article 8 provisions shutting down their currency from the international trading is the only thing left.
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Frank26 (Dinar Guru) – they were going to do this in March..but they didn’t do it because of lack of stability…then by July again Shabibi says no…look at security…so they didn’t do it…Dr. Shabibi and Abadi got to work just after July…by Sept you see so many things being accomplished by Abadi and Shabibi…Yesterday Abadi said we are 100% secure here in our country…now…look to early October…the Unity Card…the amendments of the laws…removal of terrorism…the removal of bad cabinet members…they did it all...now we are in November which will show a plethora of information…what they said yesterday we confirmed that three months ago…their intent was to remove the US by 1/1/2016. I think we need to see the removal of the USD in Iraq….the removal of Maliki before we see the raising of the currency rate. There are many changes in Iraq…SECURITY, STABILITY, but no PROSPERITY at 1166…
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Frank26 (Dinar Guru) – they were going to do this in March..but they didn’t do it because of lack of stability…then by July again Shabibi says no…look at security…so they didn’t do it…Dr. Shabibi and Abadi got to work just after July…by Sept you see so many things being accomplished by Abadi and Shabibi…Yesterday Abadi said we are 100% secure here in our country…now…look to early October…the Unity Card…the amendments of the laws…removal of terrorism…the removal of bad cabinet members…they did it all...now we are in November which will show a plethora of information…what they said yesterday we confirmed that three months ago…their intent was to remove the US by 1/1/2016. I think we need to see the removal of the USD in Iraq….the removal of Maliki before we see the raising of the currency rate. There are many changes in Iraq…SECURITY, STABILITY, but no PROSPERITY at 1166…
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“Round Table” Dinar Call!!
“for Dinar News – that MATTERS!!”
from Wednesday eve. 11/04
(not advertised)
Smart phone user link – Click here
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The Exchange Rate of Foreign Currency in Economic Feasibility Studies
Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.
Estimate the shadow price of foreign currency:…
3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
Read More – see first post in this Thread: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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