Welcome to the Dinar Observer – Daily. For regular Dinar Updates, to see what the Dinar Gurus have to say, Dinar to USD listings, IQD and for Iraqi Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – whether you are a Dinar vet or just looking for a little current Dinar info – Welcome.

Word for the day…

Mrs. BGG

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CURRENCY CODE SELL BUY

Dinar to USD – Dinar Value – Iraqi Dinar “IQD” listing

Indicative rates – 05.04.2015

http://www.cbi.iq/

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Thinking for themselves is a burden most men are unwilling to bear. – Will Spencer

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*** Current News ***

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Don’t Miss  “NEWS TIME” in the DU CHAT ROOM – Wednesday evening 7:30pm CST!!

www.DinarUpdates.com – save as favorite!!
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Frank26 – The IMF said very clearly that in the first half of 2016 they will remove the exchange rate restrictions…why would the IMF make such a bold statement…and not do it…but the evidence says you are doing it…will remove the exchange rate restrictions…that is a program rate…with 5 ministers and Article 61…once you get everything set…holy cow.

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firefly – Remember…Jack Lew doesn’t go anywhere unless it involves money!  And where was he last week?   Iraq!!
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Iraqi Dinar/Dollar auction (most recent listing) 05-04-16

Currency Auctions Announcement No. 3191

This daily currency auction was held in the Central Bank of Iraq on the 05-04-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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Bruce – Abadi made all necessary announcements about the sovereignty of Iraq and the Iraqi currency in good standing after 12 years of war. …the release timing of the rv is still unknown…expected sometime this week, with a high expectation for this to move forward this week.
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Frank26 – Abadi other than announcing his cabinet to you…he has gotten everything he wants…and I think he even has his cabinet by proxy positions…and the position of the most famous proxy position in Iraq…the only position of any real value IMO is that of the governor of the CBI…that is being held by Allak…the proxy governor of the CBI…and Abadi says…I’m in the process of removing ALL proxy positions…IMO…he is about to change the governor of the CBI…
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Will Abadi resign from his party?

BAGHDAD, Iraq — Iraqi Prime Minister Haider al-Abadi is seeking to form a government of independent technocrats away from the quotas system, the political process that Iraq has grown accustomed to over the past 13 years. Under the system, the political positions are divided according to the quotas distributed among the main components of the country — Sunnis, Shiites and Kurds. However, the steps that the prime minister is taking in forming the government of independent technocrats has faced obstacles, most notably political and popular demands for him to leave the Islamic Dawa Party with which he is affiliated…

Read More: http://www.dinarupdates.com/blog/
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wmawhite – [RV during Ramadan?]   …Ramadan has nothing to do with this…they still work.  RAMADAN does not kill anything…this event is not an event driven process…and why do I say this?  Because they have told each of you…that this process is happening now…now!
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Frank26 – So the World Bank and the BIS…IMO…gave an ok on Thursday and then a couple of days later the IMF says to the world…we are going to finish with Iraq in May...I think they are going to finish with the Monetary Reform of their currency…because they told them what to do with it in the first half of 2016…   IMO…Biden came to pick up some files…and the files cover many subjects…reforms…to corruption…to arrests…the replacement ministers…a lot of things…   …on Iraqia TV they still are talking about lifting the 000’s…and adding value to their currency… interesting…because I assure you…the US and its coalition forces will not pay one penny for this war…A Monetary Reform…just like in Kuwait…will pay for this war…IMO.   [post 2 of 2]
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Frank26 – Yes the GOI is getting itself together…5 ministers have been appointed by PM Abadi…over Thursday, Friday, Saturday…a three day period…Abadi changed all the parties…as they started to come into Parliament he points to the ones…you…you…you are fired…arrest this one before he can leave…in the meantime…three banks, along with the CBI…which is one of them…sits and watches what is going on with the GOI…   …the Bank of International Settlements and the World Bank…IMO…this past Thursday…they looked at these three and they said…back in 2015 in January we gave you the green light to lift the value of your currency…we are giving you the ok to do it again.  And then the next thing you know…within a matter of hours after that was done…who is coming…Biden…to pick up those documents…we just got…   [post 1 of 2….stay tuned]
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wmawhite – The reforms that Abadi is pushing through is much more for the future of Iraq than necessarily for today…IMO, the corrupt know that the music is ending.  The change in the value of the IQD…will be an effect of other things…many of the “other things” lead to Iraq entering the markets…and when Iraq does…they can not survive paying and thousand times more (1182 IQD) for every $1 of purchase internationally.Thus they must compete at their true value. IMO…the value of the IQD will change… because Iraq is doing those things financially to support a change in the IQD…to me it does not matter when because when is coming.  [post 2 of 2]
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wmawhite – Iraq is in the process of returning/entering the economy market…they are doing it now…all of those former government run entities that are becoming “private” run companies is the lunch of the “private sector”…this is Iraq entering the markets.  It is not an “on/off” switch…IMO…during this process…Iraq/CBI will start the payment of foreign remittances solely in the form of the IQD…and that is when we will see why we invested in the IQD.   [post 1 of 2….stay tuned]
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tlm724 – Article quote:  “Breathe a sigh of relief, after the fall of the former regime and the change that happened after 2003. And it emerged a new political class, we were hoping for better ones...”  after their liberation from the tyranny of Saddam they all expected a better life, a new way of life…the opportunity was ripe for the picking!  they still had our support and could have made their country great, given their people pride and prosperity which is probably all the people really wanted, was a better way of life…A secure GOI and country and food for their children, the chance to earn and be proud!  the political parties and blocks, was not concerned with Iraq and its people.  …at this point in time I am sure they are disgusted with the whole thing and their fears are being realized, dreams of a better future must seem bleak…the GOI has ONE shot to correct their actions and I pray to God that they make the right decisions for THE people for once!
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Abadi seeks to liquidate al-Maliki and Allawi and Nujaifi relying on our movement protest

BAGHDAD / Hassan Shammari: The leader of the Sadrist Prince Kanani, on Monday, Prime Minister Haider al-Abadi seeks to liquidate his opponents (Nuri al-Maliki and Ayad Allawi and Osama Najafi, by relying on the demonstrators, stressing that the protest movement is in the interest of the end for al-Abadi.

Said Kanani in alone for “Middle East”, and seen by “Sky Press,” that “Abadi Pat derives its strength from the demonstrators, and he was able to cross the protests of the overthrow of the leaders of the senior fold: Nouri al-Maliki, and Iyad Allawi, and Osama Najafi, Saleh al-Mutlaq through package The first reforms last year. ”

Kanani said that “al-Abadi is not weak as many fancy, but it will work on the liquidation of the remaining adult opponents, to take advantage of this protest movement flowing into the end of his interests.”…

Read More: http://www.dinarupdates.com/blog/
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Islandg1211 – Article quote:  “An official source revealed on Tuesday that the adviser Abadi Nofal Abu Barns contact new ministers and invited them to directly Bozarathm by the performance of the
constitutional right”   [if I’m understanding this correctly, the new ministers have been sworn in. Even with a “lack of quorum”, under the constitution, Abadi had them sworn in. If this is the case, then we are witnessing Abadi exercising his authority. Thoughts?]   Yes, I have a thought.  Abadi has the power under Article 61, and he needs to “Use it or Lose it” now, IMO.
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wmawhite – this is about Iraq…Iraq entering the global markets…  [seems like they need money to enter the global markets…?]  No…they don’t need money to enter the markets…they are currently in the markets with the USD…they want to enter with the IQD…the logic is when they enter there will be a change in the IQD.  …try to keep the issues in their separate departments…reforms are internal to Iraq…a change in the status/value in the IQD is external to Iraq.  Entering the “markets”, entering the “economy markets” is referring to how the financial markets outside of Iraq handles the IQD...when we see “activate the private sector“…that is exactly what we want them to do…because, the private sector needs to deal, buy, sell to the global markets in the IQD.  My point is that a change in value is our #1 issue…but,getting into the markets in #1 for Iraq…and then the affect of that will be a change in value of the IQD.
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