Dinar Observer Daily

MilitiaMan – Dinar Guru   Article:  “Foreign Minister: The Kuwaiti Foreign Minister will visit Baghdad tomorrow”   It sure looks like they are signalling inclusiveness and with an urgency!  The Kurdistan high ranking Delegation is coming  to town and may be arriving in conjunction with the Kuwait Foreign Minister. Lets think about that a moment.  Pompeo is the USAs counter part to the Kuwait’s Foreign Minister, if I am not mistaken. The USA having had SFA meetings that were well received by all, may not be over just yet. There may be another one or so in the coming days too. I sense signings may be at hand to some very important items! [post 1 of 2]

MilitiaMan – Dinar Guru  The IMF has had recent meetings with the” Crisis” Emergency Cell on currency reforms and the modalities or treatment if you will, to cure the current crisis.  There will be follow up meetings too. Kinda like a doctor to a patient. Take this alternative we have before us (raise the rate, secondary markets, SDR, Bonds, border fees, taxes and tariffs, reduction in refinery costs, etc.) and let it all take a few days/weeks to start working in conjunction and we will set another appointment for to review your progress, as in WORLD BANK management agreement… lol…imo.   [post 2 of 2]

Kaperoni – Dinar Guru  If you want to see the Iraqi dinar go up in value which I assume you do…the only way it’s going to go up in value is when Iraq’s private sector economy grows. Only then will Iraq get off the peg and float the dinar allowing it to appreciate.

Pimpy – Dinar Guru   Here’s a funny thing you guys might not know.  There was an article written by Paul Ryan [Former Speaker of The House].  It was an opt-ed in which he thought it was important that the Iraqi people should probably change the rate to help their economy.  Gee do you think Paul Ryan has Iraqi dinar?

RVAlready – Dinar Guru   With Iraq in miserable economic shape, I think the RV will be sooner than later. I would think that October would be pretty disastrous for them.

Mike Cottrell – Dinar Guru  I believe Trump will not let the RV go until after the election….I do not see any other way this could happen.

Pimpy – Dinar Guru  …we are already done with round 1 [U.S. – Iraq – U.N meeting].  Round 2 happens in July [In Washington].  I know a lot of you out there going, ‘What does that mean?  They kicking the can down the road?”  We don’t know yet.  All that matters in which you should be focusing on – we’re probably closer now that ever before…there is a lot going on in a very short period of time.

Mountain Goat – Dinar Guru   Today’s dinar news is all about the ongoing saga of how will Iraq find the necessary funding to pay the June salaries. The pressure is enormous as simply put; they do not have the oil revenues sufficient to pay these salaries (about 4-5 billion US dollars) for June. We know the IMF will not lend them the money and the CBI will not use the reserves. So, over these last weeks we have seen many proposals presented to us. The CBI did end the currency auctions at the end of May and this we know as a FACT. They told us they also are going to aggressively implement the customs and tariffs law and go electronic collection system to do so. But we know this system requires Iraq to be on FOREX since the system uses FOREX in the calculation of the most current rate of foreign currency in order to find the rate and convert it. So how will they do this without being on FOREX? I don’t know you tell me…

MilitiaMan – Dinar Guru   Article:  “Loaded with different materials … Transport announces the reception of 11 ships within three days”  They didn’t just send 11 ships from around the world with the knowledge that Taxes and Tariffs are adjusting by 07/01/2020 with out some sort of disclosure, assurances, insurance, exchange rate, etc.. The leaks (news) in the Hull of Iraq are showing there is change coming.. The new foundation is about to be set in stone for the people to see.. The NEW IRAQ is about to be Born… NSCNs will be that foundation… imo.

Pimpy – Dinar Guru   they should have all their ducks in a row this month.  The anticipation is that the rate will happen so that it can help them with the second half of this year.  This is the rumors floating around inside the dinar community and to be quite honest that makes perfectly good sense…we know that in many cases when we’re dealing with Iraq what makes sense to us does not necessarily make sense – period… or that they do anything that makes sense.

Dinar News Flash  The news is flooding in…Iraq’s new prime minister has done what no other prime minister in the last 10 years has been able to do.  Iraq’s parliament voted and seated the last 7 ministers of PM Al-Kazemi’s government.  If this is fact and it appears to be, this is a monumental accomplishment and fits with everything else Iraq’s leader has done in the last month…

MilitiaMan – Dinar Guru  Article:  “Member of Parliamentary Finance: The country’s financial situation is very critical and we are working to get out of the crisis”    Another reiteration of what is going on. But, Al-Nassery just told us what he is doing and that is going into the social market economy. That includes the Secondary Markets…They are not going into the market economies of the world at a program rate. The theme is not wait and stagnate it is ACTIVATE!!  They say in the current week to come…

Dinar Investor – Jeff   Article  “Parliament passes vacant bag candidates and succeeds in completing the Al-Kazemi government”  They have completed the full formation of the government.  But remember I told you there were two things needed which are the linchpin.  Two not one.  They have to finish their agreement with Kurdistan and they had to finish the last 7 ministers.  The last 7 ministers is done.  Out of 2 you have 1 remaining.  Article “Next week a delegation will visit Baghdad to resolve the agreement on the oil file“. This is Kurdistan…you’re gonna have everything pretty much done within a week.  They should have this done probably by the 10th…they’re on track to finish the two remaining items.  They already got the government done.  They could most likely have the second last remaining variable…done next week…that will allow them to probably change the rate during the second half of June…It looks like Iraq will go international as well during that second half of June.

Mountain Goat – Dinar Guru   Article:  “INCLUDING STOPPING THE CURRENCY AUCTION AND CHANGING THE DINAR PRICE .. 5 DEPUTIES PRESENT PROPOSALS TO BRIDGE THE BUDGET DEFICIT”   …this is one of those WOW articles.  …these are members of the House of Representatives so the next area to take up these recommendations would be the Finance Committee and then the CBI. But I have to tell you this is already in motion and the CBI is already working on these measures. But it was very nice to see parliamentary members making their ideas heard and for once coming up with sensible recommendations that will work.

Dinar Investor – Jeff  …we’ve got a lot going on.  The news is red-hot…we’re probably around the second half of June…This thing is coming upon us.  We’re at the very end of it.

MilitiaMan – Dinar Guru   Article quote:  “The President of the Republic emphasizes adopting a balanced monetary policy and working to strengthen the financial situation”   There is no stopping this now from the looks of it. All has been coming together and shows that all the years of work, now are aligned and ready to go international… They have published time lines for contractual issues, that will have to be adhered to. I am smiling!!

Kaperoni – Dinar Guru  A couple of great news articles this week… 1 an opinion piece on changing the dinar exchange rate.  The other seems to be recommendations from the parliamentary finance committee today including floating the dinar.

Mountain Goat – Dinar Guru   …they are now actually openly debating all the options as to what to do to save the economy of Iraq. Part of these discussions does include ending the currency auctions and the possibility of a “float” but, as we can see, they mean a float against other global currencies. You can’t float the dinar against just the US dollar as it is now solely pegged just to the US dollar. This is now a “fixed” rate. So the discussions evolved around a drastic change. By the way the CBI has already announced it WILL NOT devalue the dinar as a solution…

MilitiaMan – Dinar Guru   Article:   “After Coming Under Heavy Criticism…The Central Bank Stops The Currency Auction”  Now add in the meeting with Alak and the President on financial ongoing’s. Then think about the upcoming meetings to vote on Cabinet, then add in the ISX is  scheduled to open again on Sunday, then there is the SFA for the 10th – 11th. All the talk about the borders, taxes & tarrifs, fees all being electronic, the contracts adjusting for shipping costs by 07/01/2020 need to be in place by then. Those things need an international rate and pronto!! The convergence is astonishing! imo …

Adam Montana – Dinar Guru  These topics will get you up to speed on “the rest of the story” quickly:

1.  Kazemi-Kazammi is not a Kurd, he’s not “one of them”, but the Kurds are supporting him. This has monumental potential:
2.  Iran has lost their power. The “Iran factor” that has held Iraq back in the past is just that… the past.
3.  Kazzami has reportedly made his picks, and Parliament should rubber stamp them next week. This is progress…They may not vote every one of them in, but 80% will be enough to move forward.
4. …Parliament is working…
Life is good, things in the desert look positive…

Dinar Investor – Jeff  …there’s two things they got to do for the rate change. – 7 ministers of the cabinet. – Complete that agreement with Kurdistan and sign off on it.  They’re most likely to complete those the same week.  The reason why they didn’t do it today, it’s real simple.  It’s because they have a rate change date already set and scheduled.  It’s done…the last remaining items they’re theoretically the linchpin for the rate change.  What they’re going to do is finish these items in closer proximity to the timing of the rate change…when you see these items they are confirmation that the rate change is about to happen…you’re right on the edge of the rate change.  This rate change is not going into July.  It’s happening in the second half of June.  The date is right in front of your eyes. 

Adam Montana – Dinar Guru   …After a series of unsuccessful attempts at appointing a Prime Minister, Kazemi (RV Kazammy!!!) is approaching only two short months in office, but he’s seriously kicking butt!  We don’t have an HCL agreement (yet), so we don’t have an RV. But we are getting close. Kazammi is possibly the first political figure in a position to have a real chance at getting the HCL to pass. One of the reasons is stated on Wikipedia fairly well:  Quote:  “Al-Kadhimi was a vocal opponent to the dictatorship of the Saddam Hussein regime.[3] He left Iraq in 1985 to Iran then Germany and settled in United Kingdom and lived in exile for several years, yet is not affiliated with any of the Iraqi political parties.”  The HCL is a VERY polarized topic. In order for it to come together, a couple of opposing parties have to agree on it… and a neutral party as mediator is the best way to go.  That’s our guy Kazzami!

Breitling – Dinar Guru   …Iraq is so on the edge of adding value to their currency.  I’m waiting for more information coming in.

Delta – Dinar Guru  …this is what the media is telling everybody in Iraq right now…they’re about to come out with a new exchange rates…they’re going to implement the financial reforms and currency reforms and they’re going to change the exchange rate of the IQD…it doesn’t get more crystal clear than this…

MilitiaMan – Dinar Guru   Article: “The government is preparing to issue a new reform package mid this week”   Wednesday there is to be meetings on the Laws needed for many things that include Laws for Monetary Reforms. I suspect that since they have been talking about the 2019 FMLA and the secondary markets it will be a day to watch close. …the reforms need the international rate to be applied to the currency to facilitate the ability for the IQD and the ISX to interlink internationally...

Delta – Dinar Guru  …everybody knows I watch…the Iraqi channel.  I speak the language.  That’s old news for you…there was this information coming up from Iraq channels and the Central Bank of Iraq they’re coming out with new rates and the new rate is going to be…managed, not float.  Then last night one of the financial committee of the parliament…he had an hour and half interview with one of the major Iraqi channels…it is just amazing…he mentions…that they’re going to change the exchange rate.  I know some of you might ask, ‘Did they say that on live TV?’  Of course they said that.  There’s no secret anymore that they need to change that…this is unbelievable!...I’m not exaggerating.  No.

MilitiaMan – Dinar Guru  Article:  “Political movement to choose a foreign minister before the strategic dialogue with Washington”   Quote:  “Prime Minister Mustafa Al-Kazemi wants to complete the vacant ministries as soon as possible, indicating that the delay is due to deep differences between the political blocs”   There you go… The pressure is on and and big time. The 10th is not far off. imo They need time for the minister to see the files that they will discuss at the SFA meeting… More good stuff for us… imo…

Mountain Goat – Dinar Guru   I am still hearing from the CBI that they fully intend to complete the project to delete the zeros and do it much sooner than later. But I have no official article or announcements yet from the CBI in this regard. I was told we should see some announcement soon of the progress and what they intend to do next. We still wait for this from the CBI. It is supposed to come out this week.

Pimpy – Dinar Guru  …There’s a lot of things happening in Iraq that I can’t help to think to myself I’m not sure how they’re gonna do these things or how any of these are gonna be possible without having a currency that’s not recognized internationally.  I just don’t know how some of these agreements that they’re getting into are going to be able to be fulfilled without having their currency rate changed or at least recognized internationally.  There is some type of conference that’s coming up in July where they open up to the rest of the world to come on in and think about investing into Iraq.  There is going to be a plethora of nations invited and I have a feeling you’re gonna see a lot of them come.   Having said that it’s gonna be really hard for this to be accomplished if they don’t have a currency that’s recognizable internationally…

Kaperoni – Dinar Guru   As for the dinar’s value, it is not at a program rate.  That is guru’s taking a directive from the IMF and misrepresenting that meaning.  The dinar exchange rate is it’s real rate… The currency is already an internationally-recognized currency they just haven’t accepted IMF Article VIII making international banks more willing to want to engage in commerce with it.