DINAR OBSERVER DAILY May 9th

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

CURRENCY CODE SELL BUY
US dollar USD 1182.000 1180.000
Euro EUR 1350.671 1349.996
British pound GBP 1714.491 1713.634
Canadian dollar CAD 914.790 914.332
Swiss franc CHF 1220.192 1219.582
Swedish krona SEK 145.795 145.722
Norwegian krone NOK 144.437 144.365
Danish krone DKK —– —–
Japanese yen JPY 11.010 11.004
Special
Drawing Rights
SDR 1675.355 1674.517

Indicative rates – 05.09.2015

http://www.cbi.iq/

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Don’t go around saying the world owes you a living. The world owes you nothing. It was here first. – Mark Twain

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*** Current News ***

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rcookie – Articles:  “Jubouri opens fire in Sulaimaniyah on events parliament will not pass easily” & “Minister: Minister Kurds return to Baghdad will be decided in the coming hours (Details)”    Quote:  “Jubouri and arrived in the city of Sulaymaniyah, to meet with the leaders of Kurdish political blocs in the Iraqi parliament to urge them to return to Baghdad.”   JABOURI IN KURDISTAN…MEETS WITH BLOC LEADERS TO URGE RETURN TO PARLIAMENT…GIVES ASSURANCES OF ACCOUNTABILITY AND SECURITY… CITIZENS [ARE] READY TO ROCK & ROLL TUESDAY ONCE OFFICIALLY CALLED BY JABOURI…AND WITH THE KURDS STATING THEY WILL ANNOUNCE DECISION ON WHETHER ATTENDING OR NOT WITHIN HOURS…WE MIGHT KNOW SOMETHING SOON…..
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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:

Read More: http://www.dinarupdates.com/blog/
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Millionday – Article quote:  “…»Sabah»: the number of states have passed the same experience and exceeded the transitional phase in the economy quietly and smoothly and mechanisms certified executive by involving the public and private sectors and relevant experts…  SABAH IS STATING THAT THERE ARE MANY COMMITTEES FORMED FOR THE TRANSITION TO A MARKET ECONOMY…WHOOPOW…MANY YEARS HAVE JUST BEEN FULL OF THE COMPLETION OF PLANNING, LEGISLATION, AND EXECUTIVE MOVES…THE RETHINKING OF THE MECHANISMS WOULD BE THE JOB OF THE COMMITTEE –MEANING THAT THEY ARE TO STEER THE ECONOMY THROUGH THE MARKET ACTIVATION TO PARALLEL THE CONSTITUTION, GOV PLAN AND THE NATIONAL DEVELOPMENT WRITTEN ALL THE WAY TO 2030.
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rcookie – Article:  “Rafidain Bank and finance are therefore able to recover funds abroad”   Quote:  “The Bank’s management in cooperation with the Ministry of Finance contributed to recover money wasted market and abroad…which contributed to a strong financial balance.”  WOW!  IRAQ STATING THAT RAFIDAIN HAS ACHIEVED IMPORTANT FINANCIAL SUPPLEMENT TO ITS BUDGET…STRENGTHENING REGULATORY UNACCOUNTABLE FUNDS IN COOPERATION WITH MINISTRY OF FINANCE…RAFIDAIN RECOVERED MONEY “WASTED” IN EXTERNAL MARKETS ABROAD…WELL ITS OFFICIAL THEY ARE RECOVERING SOME OF THE PILFERED STATE FUNDS THROUGH INTERNATIONAL COMPLIANCE AND COOPERATION…PRETTY BIG NEWS…IN INK!
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firefly – Article:  “Rasheed Bank grants loans of up to 20 million for the operation of small businesses”   …it definately helps their economy…And more confirmation that Rasheed bank is ready!   [I think May is a great month.]  Will be an extremely interesting month and one to watch closely!
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Frank26 – We are in the process of entering the … RI.
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Iraqi Dinar/Dollar auction (most recent listing) 05-09-16

Currency Auctions Announcement No. 3194

This daily currency auction was held in the Central Bank of Iraq on the 05-09-2016

The results were as follows:

DETAILS NOTES
Number of banks 31
Number of remittance companies 19
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 96,533,333
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 96,533,333
Total offers for selling (US$) —–

More: http://dinarupdates.com/blog/
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hub – …i just know the law of economic principal will prevail. Look at the GNP or GDP of countries that have worthless currencies. They are worthless because they have no KNOWN resources. BUT look at what is happening to VN, ZIM and other such places. New Technologies have ways to extract natural resources not able to be obtained before. So are we seeing their worthless currencies gaining value, yes.  Iraq is known to be one of the riches countries in the world, but still has a worthless money right now. But imo they have to be very close to coming to the world fore front economically.  …they will not be worth trillions in resources and not have a currency worth trading…
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Millionday – PARLIAMENT IS TO MEET ON — TUESDAY THIS COMING UP…THE PLAN IS TO VOTE THROUGH THE CABINET AND AGENDA.  THEY HAVE HAD MANY INVASIONS INTO THE GREEN ZONE AS WE KNOW BUT — THESE ARE CITIZENS CALLING FOR REFORMS — NOT TERRORISTS — ACTIVISTS…  HOWEVER — TROOPS HAVE BEEN SENT OVER REPORTEDLY FOR PROTECTION ETC. HAVE FOUND SOMETHING THAT I FIND VERY INTERESTING — DUE TO MANY YEARS AGO WE WATCHED FOR TROOPS LIKE THIS AND EXPECTED ADDED TROOPS DURING REFORMS — IMO DISCLAIMER. Quote: “A commission of economy and investment representative, on Friday, announced the arrival of Swiss devices for the printing of currency to Iraq…”   THIS WOULD BE DEL A RUE IMO — NOT PRINTING — THE CURRENCY HAS BEEN REPORTED TO BE CONTRACTED BY TWO COMPANIES AND PRINTED SOMEWHERE ELSE.  SO— IT APPEARS THAT THE DEL A RUE MACHINES HAVE ARRIVED AND MADE THE NEWS — WHOOPOW.
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Deputy for the Liberal calls for Maliki to be outside the political process and “behind bars”

MP for the Liberal bloc Majid al-Gharawi, on Friday, that the cause of the dropping of four Iraqi provinces, however, the organization “Daash” terrorist, referring to Nouri al-Maliki should be outside the political process and “behind bars.”

Gharrawi said in an interview that “the cause of dropping the four provinces, however Daash terrorist and brought the country to what it is now because of the wrong Ssayasth, you must be outside the political process.”

He Ghraoui, “you should have this person (al-Maliki) behind prison bars, in order to pay for what he has done and the work is supported by the burdens of politicians.”…

Read More: http://www.dinarupdates.com/blog/
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Stryker – …parliamentary finance committee member Ahmed Sarhan stated in…articles this morning that the political crisis will not hold up the loans and at the same time he’s trying to paint a pretty picture for the people of Iraq but the ability of Abadi to reshuffle his cabinet will hold it up…   Sarhan continued in these articles by saying that the crisis is going to be resolved soon and I believe it will too…
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firefly – Article quote:  “Baghdad – counting and Planning Minister Ali Shukri, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed “It’s an important step was waiting for Iraq to raise the value of the dinar.” government banks Rafidain and Rasheed…Notice all the talk about those 2 banks lately?  Both claiming to be ready and the CBI confirming it…Follow the MONEY folks.
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hub – If Iraq waits until everything is perfect, then this will never happen. Look at the problems our country has and we do not stop our economy to clear up drug cartels, poor national administrative actions, crazy congress member, stupid welfare laws, high crime rates in major municipalities, and so forth and so one.  I, in my opinion, feel if they were to start this ball rolling, the people get some jingle in their pockets, it will be surprising how things will work the economic reforms. 
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Backdoc – SUNDAY WOULD BE THE BEST TIME FOR BANKS TO SYNC A MULTIPLE CURRENCY RESET AS WELL.  BE ASSURED I’M PICKING NO DATES HERE BUT SIMPLY WATCHING THE PROCESS UNFOLD AND WATCHING THE LOGIC AND PATTERNS THAT THEY FOLLOW!  SEEMS THAT TOO MANY THINGS ARE HAPPENING THIS WEEKEND BY SUNDAY!  [post 2 of 2]
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“Round Table” Dinar Call!!

“for Dinar News – that MATTERS!!”
from 4/21 – @ 6:00pm CST

  Smart phone user link – Click here

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Backdoc – WE KNOW THEY LIKE TO LAUNCH IMPORTANT THINGS ON THE 8TH!  DON’T FORGET THEY DID IT TO FORM IRAQS’ GOVT. SEPT. 8TH 2014, AND WHEN THEY DROPPED THE ZEROS BEHIND THE CURTAIN TO MAKE REMITTANCES COUNTRY TO COUNTRY ON MARCH 8TH 2015! THEY USED THE DOLLAR WITH CONTRACTS TO PROTECT THE NOTE COUNT ON THE DINAR FROM THAT POINT!  IS IRAQ READY TO PULL BACK ITS’ CURTAIN AND TO PAY IN DINAR?  [post 1 of 2….stay tuned]
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firefly – Just a reminder…  “World Bank Iraq Trust Fund”  “The International Reconstruction Fund Facility for Iraq (IRFFI) was launched early in 2004 by the United Nations and the World Bank to help donor nations channel their resources and coordinate their support for reconstruction and development in Iraq. The World Bank Iraq Trust Fund (WB ITF) is one of the two trust funds for donor contributions.”  by the United Nations and the World Bank  “World Bank Restructure the Rafidain and Rasheed in Order to Raise the Value of the Iraqi Dinar…March 26, 2013”  Folks, what is happening in the GOI has absolutely NOTHING to do with their monetary reform. You want facts?   Look at the IMF, WB, BIS, Global Markets and what their Central Banks are doing. Remember this word … “COMPLIANCE”.
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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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BGG – Iraq has been like a FREE ATM to these CLOWNS draining Iraq and it’s people of USD, IQD, GOLD and most importantly OIL…THEY KNOW…Abadi knows…Sadr knows…they are forming an “alliance” of sorts…against all these crooked thugs and clowns in Parliament…against whomever is behind the CBI (because – OBVIOUSLY – Maliki COULD NEVER HAVE stolen what he did without them being IN ON IT. NOT POSSIBLE…DID YOU NOT SEE THE DEMONSTRATIONS put up by SADR again TODAY?? this is real – it’s not politics – it’s ECONOMICS.  QUIT STEALING THE MONEY!!  …THE REFORM has started…you are watching it…this will happen…we are on the right side of the BET!!
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Poppy3 – …WHO WHEN AND WHERE WILL THEY ANNOUNCE THE NEW RATE OF THE DINAR.   I HAVE HEARD MANY SAY THEY THINK IT WILL BE A WORLD EVENT AND WILL START WITH HUGE GLOBAL CELEBRATION.  I REALLY DON’T THINK SO…I THINK WE WILL JUST WAKE UP ONE MORNING AND WITHOUT WARNING THE RATE WILL SHOW THEN THEY WILL START ADVERTISING THEY ARE NOW MEMBERS OF GLOBAL ECONOMY AND OPEN FOR BUSINESS WITH THE WORLD. TIME WILL TELL.
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http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
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