Chattels – Dinar Guru   …it appears that Abdul Mahdi may continue as the caretaker governor pending ratification of the new election law, the dissolution of Parliament and scheduling new elections.

MilitiaMan – Dinar Guru   …The CBI has been very vocal of late even while the GOI/CBI handcart pumps back and forth down the track heading for the economic reform destination we are looking to be the station at the end of it. The CBI has been so vocal that they have Nassiri  and Salih are speaking of the Independence of the CBI from the GOI. What the CBI has accomplished all the while the GOI has been in turmoil and filled with Iranian backed corruption. The CBI has pumped along by making sure they kept inflation low during economic and security shocks that were abound.  My view…is that they CBI having been successful during crisis, is now prepared to finish the reforms, give the demonstrators purchase power and in doing so they will create jobs with the re construction efforts. The need for the CBI to now finish is greater than ever…So, in the end my view is the focus is on the CBI and in short order.

Adam Montana – Dinar Guru   [My concern is the massive price drop per Barrel of Oil? and it’s effect on the whole RV process.] This is a great question…  I don’t think “massive” is the correct term. “Significant” – definitely, but it’s not “massive”.  Nonetheless – I would only be concerned if OIL was suddenly no longer in demand. Any dips or peaks in the price of oil are temporary until the global demand for oil is eliminated. While OIL is a necessary product in the global economy, the price can fluctuate all it wants – Iraq still has a majority of it, and they will be able to bank on that.  If the entire world switched to solar overnight, then it would be “game over”.  Until that happens, I am not too concerned about the price of oil.

MilitiaMan – Dinar Guru   …The CBI has not adjusted the money supply since November 2019.. imo… The more they get off the street the cheaper it may be in the end for them.. May support value to go along with it. Therefore, again I will say this, “The longer it takes, the more money we make.” imo.  So, that is my take on what may be the case.

Pimpy – Dinar Guru   …what the heck is going on in the dinar community?  People running around panicking about all kinds of stuff.  I’ve heard so much weird crap today…[Guru] Jeff is the only person who’s still sticking to his guns.  Jeff is saying that this thing is gonna happen between the end of March and sometime beginning of April…That’s the way I felt about it [too] and there’s no reason for me to change my mind…sometime between the end of March and the beginning of April…

Adam Montana – Dinar Guru   [A continuing concern for me with this investment is that there are trillions of dinar in circulation internationally, and for an RV or RI to occur, at any value above about  $.01, would seem to bankrupt Iraq, irrespective of its oil and other resources. …I hope I’m missing something in this equation.]   …The Iraqi Dinar is a fiat currency, just like the US dollar, and logical rules utilizing responsible financial principals simply do not apply.  For this reason alone, it simply does not need to make financial sense to RV. …Iraq doesn’t need a 1:1 reserve:cash ratio to have a 1:1 parity with the US dollar, or any other ratio to the dollar. The only thing that matters is “will it sell” – and, it will.

BGG ~ Listen folks…

Think about all this for just a sec…

They have had several Shia dominated government’s that were corrupt and not getting anything done for anyone but themselves… (Maliki, Abadi and Mahdi).

They were headed for another Shia dominated government with even less accountability than in the past.

1) The protesters didn’t like this guy.

2) The Kurds didn’t like him.

3) Sadr didn’t like him.

4) The Iraqi President of the Republic, Barham Salih, very nearly resigned over having to “nominate” him in the first place.

There are is a very good chance we just dodged another bullet with the developments of last Sunday.

If he wasn’t the right guy to get this done – he wasn’t the right guy.

Instead of always thinking THIS was some kind of delay…

If these protests continue and we get a real reformer in there, this could still be a huge win for us… especially with Iran getting “blacklisted” like they are.

There will be very little latitude for Iraq to continue doing business with (and selling US Dollars to) a country under such international scrutiny.

The end result? Less Iranian influence and not nearly as much need for the CBI / IQD / currency auctions. The ending of these auctions will likely usher in true currency reform in Iraq.

Mountain Goat – Dinar Guru   Article:  “DRAFT FEDERAL BUDGET LAW FOR THE FISCAL YEAR 2020 IS STILL IN THE MINISTRY OF FINANCE”   Our reinstatement is based on the 2020 budget. They must pass it to get what we want. But first to pass it they must get the government in place… Of course, there is going to be Iranian backed resistance since the currency auction corruption feeding Iran will go away when this is concluded.

Dinar Investor – Jeff   Article quote “in the case that parliament fails to vote next time on the government cabinet it will be dissolved and early elections will be held.”  They’re considering dissolving the government and holding early elections…Kurdistan wants to be part of the new government...equal say and equal majority within the formation of the new government.  That’s the reason they’re dissolving the government…that’s the reason they’re playing you like a fool telling you that the current government is unstable so they can hold early elections in April to bring Kurdistan on board…

Adam Montana – Dinar Guru   …PM Allawi has…”withdrawn his candidacy”… So, what’s next?…  The Iraqi President can simply appoint someone (again), but it’s not necessary to take drastic action. Maybe Mahdi steps back up (he was never really gone), but that doesn’t make a difference either… The good news for us, and Iraq? No matter who steps into the Prime Minister role next, Allawi was able to get some wood chopped.   Iran lost a LOT of power over the last month, for one. I think that may have more to do with Allawi’s current decision than anything – he seems to want them completely gone, not just 80% reduced. Most importantly, and this is the crux of the matter, Allawi wasn’t elected to this position in the first place – yet, things got done. In my opinion, the raise in the value of the Dinar is going to happen regardless of who is sitting in the Prime Minister chair. All of the things that need to happen in Iraq continue to happen, and “who” is sitting “where” does not seem to matter…as long as it’s not Maliki!  Someone will be in that seat, soon, and the train will continue to chug along.  We are getting close...

Mountain Goat – Dinar Guru   Article:   “Urgent: The President of the Republic approves Allawi’s resignation…”  Where does Iraq go from here?  Will the UN step in and take over? Probably not…I don’t think Iraq is at this point yet. They are still within their democratic government.  Can the UN legally put in place a provisional government to run Iraq in the meantime.  No, they cannot do this.  How much longer can this go on before Iraqi economy really tanks? If they do not get the budget approved they can not go ahead with any of the projects they had planned for 2020. This new year is quickly slipping by. The economy too is stagnating and inflation could set in. Will us investors have to wait yet another year to 2021 to see the RV?  This may very well be the case. It appears they just paid the Kurds their salaries. This is not in our favor and shows they already are using the 1/12 rule of the budget…

Dinar Investor – Jeff    I’m not saying there’s zero corruption…every country is gonna have some partial corruption.  They’re not gonna be 100% corrupt free…I’m looking at the former corrupt political figures who are now billionaires.  Any of the new officials that are in place they might have some corruption but it’s lower-level corruption.  These guys aren’t stealing gazillions of dollars becoming billionaires like the former ones...the CBI said they needed the corruption gone…since they held the election in May of ’18 Maliki’s gone.  Barzani senior, he’s gone.  Najaf he’s gone from parliament…the CBI doesn’t care about small levels of corruption.  Every country is gonna have that…the reason the CBI wanted the corruption gone and what they meant by that is they wanted the very extreme corrupt individual gone that were stealing billions of dollars…

Dinar Investor – Jeff  ...Iraq can’t do a dang thing.  Iraq is frozen as far as launching their economy.  Iraq cannot launch their economy until the rate changes.  Iraq’s economy is frozen.  They can’t even provide for the demonstrators...they said Iraq will be launching their economy on March 30th.  Don’t forget about that.  That was roughly close to a month ago.  They said there’s gonna be a lot of heavy hitters – financial big players and they said Iraq will be launching their economy on March 30th…

Kaperoni – Dinar Guru  …If they ever get to a point to approve the 2020 budget I assure you there is no rate change (in it). Not how monetary policy works.

Dinar Investor – Jeff  …we don’t know the whole truth to their elections.  That’s where they lie the most to the media…their politics…You have to look at the bigger picture…They used the entire year of ’19 to set the stage and they still used part of Q1 2020 to set the stage.  All of the facts show – they’ve set a temporary budget.  They’ve delayed the 2020 budget to where they’re not going to even start approving it until after the rate change.  And they’ve blatantly told you what’s in the 2020 budget.  They told you the deficit is the reforms.  They told us this budget contains everything for the citizens.  Article 140.  HCL.  They told us all this.  There’s no question there.  We know that factually.  So when you look at the big picture everything factually shows they’ve set the stage to be ready for the rate change…

Vital Brad – Dinar Guru   …with all the struggle of getting the government seated things are still moving forward in the banking sector of Iraq.  They’ve actually created…an international payment system through MasterCard.  It’s called the Qi Card.  My question is why do they need an International payment card while their money isn’t even international yet? …Iraq isn’t an internationally recognized currency.

Mountain Goat – Dinar Guru  Just so you know…The legal expert, Tariq Harb, resolved Friday, the controversy over the possibility of not giving confidence to the government of the Prime Minister-designate, Muhammad Tawfiq Allawi, while the constitution affirmed that the President of the Republic was given the right to assign another candidate according to his opinion and to choose him without referring to the more bloc if parliament did not give confidence To the government in charge of.  One way or the other Iraq will get its new prime minister to meet the legal deadline of 30 days from February 2nd which is March 3rd.   [post 2 of 2]

Mountain Goat – Dinar Guru    Article:  “Urgent: The President of the Republic approves Allawi’s resignation and demands the blocs to choose an alternative.”   Quote: “The President of the Republic: Consultation will be held to select a replacement candidate for Allawi within 15 days”. Then the candidate will have 30 days to get his cabinet ratified through parliament. So here we go again. I have to tell everyone this is almost the worst possible situation we could be in right now. We must all …pray for a miracle. I am still being told that Allawi is the 3rd miracle for us in this evil fight against corruption. So I don’t know what kind of twist in fate is going to happen to bring about this miracle. Let us just relax and watch it play out.  [post 1 of 2]

Adam Montana – Dinar Guru  Article:  “Iraq’s PM-designate Allawi steps down”   Interesting development for sure… the next 36 hours are going to tell us a lot.  Stay calm, everyone! …This could turn out to be another delay or it might spark the best fire we could hope for.

Dinar Investor – Jeff   Article “Delaying the approval of the 2020 budget will lead to economic stagnation and harm the people“. Quote – “It is the budget of the patient Iraqi people.”  Do you know why it’s the budget of the people?  It’s actually never been the budget of the people before but it is now because this is the budget that has everything in it that’s post rate change that is for the people.  The reforms.  The reconstruction…This is the first budget that’s going to rebuild their entire country. 

MilitiaMan – Dinar Guru  Article:  “Al-Nassiri: Delaying the approval of the 2020 budget will lead to economic stagnation and harm the people”    All the bounce back and forth in politics in regard to the PM, is creating even more stress on and toward the end result to be sooner now than later for the economic reforms to be completed now. The oil price decline, the fears of corona virus, unemployment, economic stagnation, etc., the list goes on! The advice it appears to be from Samir al-Nassiri, is to get the reforms done and now.

Dinar Investor – Jeff  …remember they…play a ton of games regarding their politics in the media.  So be careful how you receive that [the prime minister tentatively resigning]…Even with what’s going on they still have a stable enough government to change the rate.  Remember, the CBI never said they needed to have a fully completed seat of government.  What the CBI said before they agree to delete the zeros they said Iraq needs to remove their corruption…the corruption is gone…I’m not worried about the formation of the government.  That’s why I don’t put a huge emphasis on it.

Chattels – Dinar Guru    “Iraqi President Bahram Salih accepts the withdrawal of Mohammed Allawi as PM nominee & begins look for a new candidate.“;  “#Iraq PM designate@MohammedAllawi just tweeted he’ll not make further attempts to form an Iraqi govt following failure of parliament to get quorum to vote on his candidates. Key question now is who will be the next designate charged by the Iraq president, within 15 days.”

MilitiaMan – Dinar Guru   …From the CBIs perspective they are and have been ready and it is my understanding the CBI has publicly shown the citizens they are accepting the IMF obligations of Article 8. That was back on the 23rd of February 2020 in a 55 page report in Arabic.  It mentions getting the flow of money to the citizens, lifting restrictions on their funds and allow freedom of external transfers of such funds. That report has me of the mind once it was published for the citizens, it was notice to the BIS…the citizens, and then to us that they are going to be lifting the exchange rate at a very close point in time, imo. Add in the printing of new notes, minting coins, all have been done with the afore being and end game notification if you will.. IMO.

David M. Witty – Dinar Guru   Iraqi Parliament delays vote on government of PM Mohammed Allawi due to lack of attendance.

Source: Allawi will deliver a statement shortly after the withdrawal from the mandate

A political source said, on Sunday, that Prime Minister-designate Muhammad Tawfiq Allawi will deliver a statement shortly after he withdrew from his mandate to form a government.

The source said to Alsumaria News, “Prime Minister-designate Muhammad Tawfiq Allawi will deliver the withdrawal statement from forming the government, shortly.”

Today, Sunday, the House of Representatives failed for the second time to hold an extraordinary session to vote on the government of Muhammad Tawfiq Allawi.

Alsumaria.tv

The Iraqi parliament postponed the approval session for the new government because the quorum was not complete

BAGHDAD (Reuters) – Iraqi television said the parliament again postponed a session to approve the government of Prime Minister-designate Muhammad Allawi on Sunday because the quorum had not been completed.

On Thursday, lawmakers failed to agree on a new government, which added to the stalemate, stalled efforts to end unprecedented turmoil and stalled the country’s recovery from the war years.

Ara.reuters.com

Kaperoni – Dinar Guru    I’ll say it again the only way the dinar is going to go up in value is when Iraq creates the conditions for investment to come into the country and rebuild through the private sector. And only with the success of that will be the success of the dinar. Monetary policy is a set of tools that control the exchange rate based on factors within the economy such as inflation. And as investment comes in the country inflation will also come forcing the CBI to use it’s monetary tools.  So the bottom line is if we’re ever going to see the dinar go up in value we’re going to have to see the success of a private sector market economy in Iraq.  …they need to pass laws, get the Prime Minister and his cabinet in place, and create stability so investors want to come.

Vital Brad – Dinar Guru   We’ve just been notified that the parliament session that was supposed to held today on Saturday is now pushed to Sunday.  They pushed it back a day.  There still seems like a lot of urgency to get it done…by Monday March 2nd that’s Allawi’s last day to have his government set.  Otherwise they can remove him as the Prime Minister and basically gonna start the process over.  Tomorrow is gonna be a big day…things are really getting exciting with the Iraq stuff…

Mountain Goat – Dinar Guru   Article:  “MUHAMMAD ALLAWI CONFIRMS EARLY ELECTIONS: THE GOVERNMENT PROGRAM INCLUDES HOLDING IT WITHIN A YEAR”  Quote:  “WE AFFIRM THAT THE INDEPENDENT HIGH ELECTORAL COMMISSION WILL PROVIDE US WITH A SPECIFIC DATE THAT DOES NOT EXCEED A YEAR from this day.”   I sincerely believe we will be out of this investment by then.