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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http://www.cbi.iq/

Indicative rates – 07.29.2015

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If we make peaceful revolution impossible, we make violent revolution inevitable. – John F. Kennedy

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*** Current News ***

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tlm724 (Dinar Guru) –   Article quote:  “…the governor of Basra Majed Nasraoui said the port of Faw will give 10 times as much as give it the rest of the Iraqi ports.”   It is intended that Basra would be Economic Capital of Iraq and it certainly appears they are achieving just that…
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Dinar Updates “After Call – LIVE”!!

“Immediately following News Time!!”
7/29 “Tell all After Call” – w/BGG

Smart phone user link – Click here

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rcookie (Dinar Guru) –   Article:  “BASRA GOVERNOR NASRAOUI ASSERTS PORT OF FAW WILL YIELD 10 TIMES VOLUME OF EXISTING 5 PORTS AND A 3RD PORT TO SERVICE WITH SAUDI ARABIA TO OPEN SOON...”  10 TIMES VOLUME OF EXISTING PORTS…WHICH ARE THEMSELVES BREAKING AND SETTING NEW RECORDS EVERY MONTH…AND REMEMBER THIS PROJECT WILL CREATE MORE NON OIL REVENUES TO GDP THAN THE ENTIRE OIL SECTOR AS WELL AS PROVIDE MORE JOBS THAN ENTIRE OIL SECTOR…
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ADMINBILL (Dinar Guru) –   …THERE HAS BEEN NO CHANGE IN MY OPINION SINCE LATE LAST NIGHT.  [Could the markets close in a memorable way today?]   I AM LOOKING FOR A “I DON’T CARE WHAT DAY OR TIME OF DAY” END OF EVENT.
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tlm724 (Dinar Guru) – BondLady has always said 1. The Kurds need Baghdad more than Baghdad needs the Kurds and 2. that the Kurds fudged their population numbers to get more money from the budget and without an accurate census who could dispute what they said?  But the good news is that on Saturday July 30th parliament has the census law on the agenda:  “Thirteenth: report and discuss the draft census law. (Committee on Economy and Investment). (23 articles).”  We don’t expect a swift resolution to Article 140 and the disputed areas or the borders, the Constitution has to be amended and they must reach an agreement, a mutual consent among everyone.  There is a reading of the borders law in parliament on the 30th as well:  “Second: the vote on the draft of border crossings into law.”
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rcookie (Dinar Guru) –   Article:  “Salem: Abadi and blocs failed to reach a final conclusion on the bench names of ministers”   THERE WERE REPORTS THIS WAS GOING TO BE FINALIZED IN TOMORROWS SESSION...
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RCookie NEWS Recap
(from) MONDAY JULY 25TH, 2016

PARLIAMENT

SUPREME JUDICIAL COUNCIL AND JABOURI REVIEWING CASE PRECEDENTS CONCERNING LIFTING OF IMMUNITY OF MPS UNDER COURT ORDER 101 (2014) ARTICLE 434 OF PENAL CODE FOR MP ALI…HOR AGENDA MEET TOMORROW TO VOTE ON DRAFT LAW ABOLITION OF MINISTRIES, UNIVERSTIES COLLEGES LAW AND 1ST READING ACCESSION TO INT’L INSTITUTE UNIFICATION OF PRIVATE LAW (UNIDROIT)…PARLIAMENT WILL SUBMIT FINAL REPORT ON KARRADA BOMBING IN NEXT 2 DAYS…JABOURI ASSERTS NEED FOR BADR SECRETARY GENERAL AMERI TO STABILIZE SECURITY & POLITICAL SITUATION IN DIYALA ENGAGE CITIZENS & CALL FOR EMERGENCY PARL SESSION IN PRESENCE ABADI…FRONT REFORM CRITICIZE REDUCE PROFESSORS PENSIONS BY HALF WITH MALIKI ALSO CONDEMING…MP NAIELI ANNOUNCES ABADI WILL PRESENT CABINET RESHUFFLE SEVEN NAMES TO PARLIAMENT NEXT WEEK…ALLAWI NATIONAL ALLIANCE COALITION NOMINATE JANABI AND SHAMMARI FOR PANEL TO AMEND CONSTITUTION,…PARLIAMENT SECURITY SURPRISED LACK OF ACCOUNTABILITY INVOLVED IN ARMAMENT CONTRACTS AND FALL OF MOSUL…MP MILKFISH AVOW DEPT OF MINISTRIES ACTING IN NON CONSTITUTIONAL MANNER IN PROXY APPOINTMENTS…JABOURI ISSUES STATEMENT THAT PARLIAMENT READY TO ENACT LAWS FOR THE EMERGING INDUSTRIAL SECTOR SUCH AS MICROCREDIT PROGRAM TO ADVANCE THE NATIONAL ECONOMY AND PRIVATE SECTOR…

Read More: http://www.dinarupdates.com/blog/
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firefly (Dinar Guru) –   …You can have a monetary reform without an ECONOMIC reform … BUT …You cannot have an Economic reform without a currency shift…An Economic reform requires what? FUNDS.  [so either way we win! Yes?]   I haven’t heard otherwise...It’s a much bigger picture than most realize   [or could they start the reforms and stop or draw them out?]  Once it started there is no turning back…because of the process and the order of events.  So as we can see there is MUCH happening even as we speak. GREAT things are happening folks, just hold a tad longer. Again I ask before I leave the room … What happened in those 2 days that convinced the IMF to release a portion of the funds!
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Breitling (Dinar Guru) –  …78 Billion…One of the major confusions of what the “lopsters” had…I’ve always talked about to look at the note count.  The numbers out there from the last report are 4 billion and we know they’ve reduced it.  People don’t realize that the 78 billion is their entire reserve.  That’s NOT the note count…What it’s stating is that all the gold reserves…Foreign currency…All the assets equals up to 78 billion.  So it’s not a reflection of the note count at all.  They can pump up that reserve number…actually it’s gone down.  It was at 81 billion.  They had to dip into the reserve a little bit cause of the oil prices.  People don’t realize they can add gold and it has NO reflection on the currency count.  They can add foreign currency like the US dollar (exactly what they’ve been doing) without changing the note count.  [Post 1 of 2]
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Frank26 (Dinar Guru) –   [Anymore news on Vietnam?]  I believe the dong and many other currencies are in that long line that we talked about…or are actually up in the front of that line…so I think the dong is ready the way the Iraqi dinar is ready…but I don’t know the date or the rate for it…I also believe that many other currencies are ready…I don’t know the date or the rate…that is my opinion based on my studies.
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Iraqi Dinar/Dollar auction (most recent listing) 07-26-16

Currency Auctions Announcement No. 3245

This daily currency auction was held in the Central Bank of Iraq on the 07-26-2016

The results were as follows:

More: http://dinarupdates.com/blog/
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mike (Dinar Guru) –  Article:   “House of Representatives vote on the bills and the decision to cancel the tax deduction”  Looks like the tax deal is going to be an issue, Parliament wants it repealed. I think it’s a lot for the people to bear but it’s one of the stipulations the IMF required for the $5.3 billion dollar loan. I guess we’ll have to wait and see how this turns out.
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Delta (Dinar Guru) –    I LIKE TO REFRESH YOUR MEMORY!  Article:  “World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar” Quotes:   “It’s an important step was waiting for Iraq to raise the value of the dinar.” “lifted the value of the Iraqi dinar should be a priority ”   SO THE VALUE SHOULD GO FIRST BEFORE RASHEED AND RAFIDAIN BANK GO INTERNATIONAL.
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Backdoc (Dinar Guru) –   WE HAVE MORE THAN ADEQUATE ARTICLES EXPLAINING THAT IRAQ WILL BE DIGITAL AND OF COURSE WE ALREADY KNOW THEY ARE ASSET BACKED.   EVERY DINAR IS 25% GOLD BACKED.  THAT SAID I WILL LOOK FOR AND WHEN IT WILL BE POSSIBLE FOR THEM TO DISPLAY TO THE WORLD THIS ASSET-BACKED DIGITAL REALITY CURRENCY.  ASKING ABOUT HOW THE RATE IS AFFECTED IS TOO SENSITIVE FOR ME TO TALK ABOUT. TIME WILL SHOW WHAT IS TO COME.
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Iraq: negotiations complete reshuffle kicks off today (WOW – short “Flashback”)…

Embarked on Iraqi Prime Minister Haider al – Abadi, first steps toward a cabinet reshuffle again, after it was approved, the first on Tuesday, on the resignation of six ministers from his cabinet , most of them belonging to the National Alliance

The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.

BGG – (Since I NEVER do that – PAY ATTENTION…)

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

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firefly (Dinar Guru) –    Let’s see, 2 thursdays ago the IMF told Iraq they won’t receive a red penny until they start the reform process.   2 days later they received a portion of the funds?  So my question to the room is…What happened in those 2 days that convinced the IMF to start the loan process…  IMO…We may know very shortly.
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rcookie (Dinar Guru) –   Article quote:  “RASHEED & RAFIDAIN SIGN CONTRACT WITH ERNST YOUNG AS CONSULTANT FOR APPLICATION OF UNIVERSAL BANKING SYSTEM TO BE APPLIED IN THE 2 BANKS INCLUDING PROMOTING FINANCING & INVESTMENT ACTIVITIES IN AGRICULTURAL & INDUSTRIAL SECTORS & TO BE COMPLETED WITHIN 125 DAYS UNDER AUSPICE OF MOF…”   SO THE UNIVERSAL BANKING SYSTEM WORLD BANK HAS BEEN WORKING WITH IRAQ …SINCE 2006 IN MEASURES TO RESTRUCTURE AND PRIVATIZE SOB’S…AND WITH IN INK TIMETABLE!…MARK YOUR CALENDARS
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ADMINBILL (Dinar Guru) –   …THE INFORMATION FLOWING IN LATE INTO THE NIGHT WAS ALL POSITIVE. I LOOK FOR ANOTHER DAY OF EXCITEMENT AS WE, HOPEFULLY, ARE AT THE END.
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Backdoc (Dinar Guru) –   [ I don’t see the correlation between IEX and IQD…]    IEX HAS BEEN OPERATING SUCCESSFULLY FOR OVER A YEAR ALREADY BUT HASN’T BEEN AVAILABLE TO THE PRIVATE SECTOR. THIS MEANS COUNTRIES ARE USING IT CLEARLY.  ON SEPTEMBER 2ND A NEW DIGITAL REALITY WILL OPEN UP TO COMPANIES AND INDIVIDUALS TO FINALLY GO DIGITAL…IMO. ASSET -BACKED CURRENCIES WILL BE TRADED ON PLATFORMS LIKE THE IEX AND WILL RUN ON THE CHINESE CIPS SYSTEM WHICH WILL EVENTUALLY REPLACE THE SWIFT SYTEM.  TRADES WILL CLEAR WITHIN A MAXIMUM 3 MINUTES AS TO OPPOSED TO THE SWIFT SYSTEM WHICH TAKES 3 TO 10 DAYS.  JUST BECAUSE THE IEX LAUNCHES ON SEPT. 2ND DOESN’T MEAN WE WILL SEE A RATE ON IT AT THIS POINT!  WHAT WE DO KNOW IS THAT IRAQ IS ASSET-BACKED AND THEY HAVE TALKED ABOUT GOING DIGITAL IN MANY ARTICLES!  IMO.
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mike (Dinar Guru) –  “$ 2 billion in grants to the Iraqi people from Western countries”  …so far all I’ve seen are government solutions to Iraq’s economic problems. 6 trillion dinar economic stimulus, bonds and loans are all socialist solutions. Throwing money at the problem won’t fix it. Enforce corruption laws, open up the economy with banking and economic legislation and empower the people’s currency, right now it’s a good ole boys network where only the rich get richer. Giving these guys $2 billion dollars doesn’t fix the problem, it just encourages bad behavior and decision making.  …the time for real action and political will is now, no more excuses. IMO.
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rcookie (Dinar Guru) –    Article:  “HEAD OF ECONOMIC & INVESTMENT COMMISSION BOLANI CALLS FOR PARL TO FORM COMMITTEE FOR SPEED UP THE COMPLETION OF PORT OF FAW...”  YOU THINK THESE FOLKS ARENT AWARE OF ALL THOSE ANALYTICS…AND THE POTENTIAL OF THIS MASSIVE PROJECT…AND REMEMBER THIS WILL BE OFFERED AS A PROVICIAL SECTOR PLAY ON ISX…[Can foreigners invest in ISX – particularly Port of Faw in the future?]  YES…  [post 2 of 2]
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