Dinar Observer Daily

Mountain Goat – Dinar Guru  Let’s jog our memories for a second. Remember too that under Dr. Shiini Shabibi, then governor of the Central Bank of Iraq, was more than willing to go complete the project to delete the zeros in late 2012 and then reinstate the dinar to FOREX in January of 2013. How could he then without a robust economy and demand for the dinar. I trust this expert and so maybe Iraq does not need so much this “robust economy” all…elude to. Remember that Iraq was much worst off then they are even today in 2020 then they were in 2012. This all tells us that it is not so much the economy that is needed but the end to the corruption and Iranian influence. This is called stability and security.   [post 2 of 2]

Pimpy – Dinar Guru …I know yesterday’s news was pretty exciting but…we need to just take a deep breath and slow down…Both budgets [2020 and 2021] are going to be submitted at the same time.  Very very interesting…we saw the news article yesterday it was implied that a rate change must be considered in this paperwork…that doesn’t mean anything other than it’s being considered. Okay slow down a little bit.  Like I said when we’re investing don’t get overly excited when it’s good news and don’t get overly down when it looks like negative news.  There’s reasons to be excited, plenty of reasons but I don’t want people to get overly confident…that’s important for us to say grounded.  It’s a low risk high reward situation but there’s no guarantees on any investment… [Post 1 of 2]

Pimpy – Dinar Guru  ...nobody knows what the rate’s gonna be.  Nobody.  I’ve had people approaching me about some of the most ridiculous things I’ve ever heard – $4.00, $5.00, $10.00 for the rate exchange…there are reason to speculate about a particular rate.  I’ve used past articles.  I’ve used past CBI meeting readings.  I’ve used past discussions between the government about the rates that they have discussed to try to get an idea but nobody knows the rate.  So you guys just slow down a little bit.  I understand it’s exciting.  It is very exciting.  We have not seen any kind of real discussion on anything to do with the dinar in quite some time but…they came out and said ‘look one of the things that have to be taken into consideration is we have to do something about this rate so we could be competitive on an international scale‘ … [Post 2 of 2]

Adam Montana – Dinar Guru   Article:  “The regional government delegation arrives in Baghdad to discuss the budget”   …a short summary:  Budget, and HCL. There is a LOT of information in that…that is related to HCL. I mean…it’s almost ALL HCL.  Smothered in Budget sauce.  And that is an amazing thing.  …wait in frustration, or patiently knowing what’s coming… Iraq can do a lot to change how we remember this Year…GOOOOOO RRRRRRVVVVV!!!

Dinar Investor – Jeff    Article:   “Parliamentary Finance: The government’s economic reform paper will be presented at the end of this September”  …If, I’m not saying they are…this is my opinion…if their plan is to change the rate in the month of September they cannot do it at the very end of September…they would have to do it more around September 20th and leave some wiggle room at the end of September…because they need to leave about 10 days around the end of September to work on the budget and…work on the reforms…

MilitiaMan – Dinar Guru  Article:  “The House of Representatives has finished reading two laws and addresses an oral question to the Finance and Planning Ministers”  Quotes:  “…to begin its implementation, in addition to the necessity to devise a real reform plan to address the delay in implementing projects…”; “…as well as knowing the value of the exchange rate specified in the next budget…”  The picture they are painting (imo) is they are implementing the real reform plan.  They are even going so far as to tell us that they will need the value of the exchange rate for the next budget.  They have not resolved the next budget yet, that I am aware of? The next budget on the table is the 2020 budget leading into the 2021, imo.  [post 1 of 2]

MilitiaMan – Dinar Guru  They…tell us they have a session for  (Thursday the 10th).  Same day that PM Kadhimi is to be in the Kurds back yard for a meeting on important issues, oil and gas, customs and borders, etc..  Same day… that Al- Hakim is having think tanks gearing to talk about rebuilding the new social contract and rebuilding the state. Lets still keep in mind Kadimi, has a special session for the start of next week to approve the 2020 budget. Which is  looking to be the next one on the table. imo.  (Thursdays) session maybe be a very powerful one that could change the playing field. We shall see if it is a “September to Remember” but, it sure looks like a synchronization is in play now not in 2021, as they say “next”  and that is now real close…imo.   [post 2 of 2]

Dinar Investor – Jeff …I think a lot of the news is scripted and rigged.  In other words they’re much farther along than they’re telling you the truth on.  Notice how Kurdistan and Baghdad are now magically ready to reach a comprehensive agreement at the exact same time and almost the exact same week that they’re ready to start the approval process of the budget.  That’s a little too coincidental…things are coming together too nicely at this point in time.

Adam Montana – Dinar Guru  Time goes by, and we can be impatient with it…or we can know what is coming.  Last week, I ended the Weekly update with a mention of how everything was going great, and there was no bad news. That continues this week… with the exception of OIL.  The projected budget is based on $40 OIL, and WTI is currently sitting at $37.98 – but heading north again. Problem? I don’t think so. This is the first dip we’ve seen in months, and it’s not likely to last. In fact, the price trend should continue upwards. Not fast or drastic enough to hurt us terribly at the pump, but enough to inspire confidence and not scare anyone away from increasing the value of the dinar…

Pimpy – Dinar Guru   Article: “The Minister of Finance stresses the necessity of reviewing the exchange of the dinar and reveals the size of the external debt” …we don’t know what the rate change is going to be we just know that the rate change is going to be part of the reform papers and it’s going to be part of the 2021 budget…it looks like we’re finally here.  They’re actually saying it.  This is the first time we heard anything about exchange rates in quite some time….it looks like we have some kind of a window.  It seems between now and the end of this year we will see something happen…

Kaperoni – Dinar Guru   …Mountian Goat says Iraq is trying to fast-track into the WTO. That might be but they’ve got nothing to export. Until that changes I doubt we’ll see a accession into the WTO.   There was an article about a year ago direct from the WTO talking about Iraq and they pretty much said until Iraq has a private sector it makes little or no sense to join. They need to reduce the dependency on oil first...

Adam Montana – Dinar Guru   …Our man Kazzammie continues to impress. Budgets and GOI and many more things lining up. The future is near!  GOOO RRRVVV!!!

Pimpy – Dinar Guru   …there’s a lot of things happening in Iraq but you can almost sum it all up fairly shortly…a lot of it is redundant.  It’s what we’ve been watching for…It’s still good news, I just don’t want people to get immune to the good news…we’re seeming more now than every.  A lot more positive movement towards achieving our goals both long term and short term with Iraq….I thought 2019 was really kicking butt, no 2020 is way ahead of that ball game…

Kaperoni – Dinar Guru    …If the dinar is ever going to go up in value it’s going to go up gradually over time. This is not me just suggesting that that is what the IMF says specifically told the CBI years ago during the Article IV Consultation.

Pimpy – Dinar Guru   …Al-Kazemi is definitely draining the Iraqi swamp.  Article:   “Al-Kazemi prepares for the start of the major battle with the corrupt”  Remember one of the biggest things that had to be handled according to the U.N. and the United States in Iraq was something needs to be about the corruption.  Here it is.  It’s starting…anybody and everybody is being investigated.  If you’re found to have been involved in some type of corruption, you’re gone…Al-Kazemi crack-a-lack’n.  Looks like they’re really full steam ahead and on track.  I’m really happy to see this…

Pimpy – Dinar Guru   …I can’t help but feel there’s a lot of things going on around the world.  There seems to be some push – a lot of things trying to get accomplished and finished before October...gold and silver as well as foreign currencies, there seems to be this weird push everywhere to get things accomplished sometime in September so whatever’s coming up in October, people are ready…

Dinar Investor – Jeff  …In the media they’ve told you what the delays were.   They told you there were two of them.  The beginning of the year was the formation of the government.  And then after that was the Kurdistan and Baghdad reaching an agreement…now that the articles are suggesting that they’re now at the end of completing that comprehensive agreement, articles have now transitioned to talk about Iraq rejoining the international world…

Mountain Goat – Dinar Guru   Article:  “IRAQ BRINGS IN $72.1M IN CUSTOMS REVENUE FOR AUGUST: FEDERAL CUSTOMS AUTHORITY”  Al-Kazemi is getting these financial reforms in place and fianally they are working…

MilitiaMan – Dinar Guru   Report:  “New Currency, Fiscal and Monetary Policies Guidelines for the Transitional Government of Iraq”   …The report shows what was from the past and what is needed into the future. By all the study we have under our belts, I can see this report as massive support they are in fact going to a market economy and will raise the rate of the IQD to support that effort! …imo…

Dinar Investor – Jeff  ...around all these articles talking about the comprehensive agreement [between Kurdistan & Baghdad] we have new transitional articles.   These new articles now are talking about Iraq going international and joining the international world.  That’s what the next round of articles are talking about…Iraq becoming and going international, joining the international world.  In addition to that on August 20th you had a whole bunch of U.S. companies sign $8 billion worth of contracts…Iraq is ready to jump out and join the international world.  That’s not my opinion that’s right here in print.  It’s factual…

Delta – Dinar Guru  …every country in order for them to be able to [be part of QFS] …first of all they have to join the system.  Second you can not manipulate your currency.  You have to have a fair currency – a fair exchange rate – in order for you to join the QFS…looks like Iraq is included there…this is a smart and brilliant way President Trump and the US treasury for them to come up with this system because that’s the only way you can force all the countries to basically come up with a true rate.  And Iraq is included…excellent news…you can not do it with the auctions anymore or at a program rate...

Pimpy – Dinar Guru  …there’s a lot of positive steps moving forward.  This is what we’re looking for.  I said this before and I will say it once again. Do not get immune to the good news.  There’s a lot of good news that’s coming out daily and my concern is people get impatient and go, ‘Who cares about the good news. Just make it happen.’  Don’t do that….there are a lot of positive steps being taken forward…you should be excited about all of this...

Adam Montana – Dinar Guru   …OIL continues to be solid. What’s not to like, if you were Iraq?  …Kazzammie just met with Trump recently, and the reports still say it was a productive and successful meeting. The parties that the HCL are most important to are meeting, discussing long term plans (something we have almost never seen on this level). The region is fairly quiet, and things are simply good overall.  If we are to be realistic, the best time for Iraq to make a major move is during a quiet time.  [post 1 of 2]

Adam Montana – Dinar Guru  There is no serious negative news on Iraq at the moment, which puts them in a good situation. The world has no major concerns about Iraq at the moment – they aren’t causing problems, there is no major civil unrest (like there was 6 months ago), and the financial side of things is positive (OIL).  Nothing in particular says “RV by Friday!”, but we all know better than to expect a heads up from Iraq.  They will do what they want, when they want… I hope you’re ready. …Go Iraq, and GO RRRRVVVVVV!!!  [post 2 of 2]

Petra – Dinar Guru   …What is Iraq known for?  Stealing from the auctions.  Stealing money.  All that goes away when the quantified system is engaged.  Let’s think about this.  Could we be waiting for this QFS to take off?  Could that be one of the reasons that we’re waiting for for this to occur?

Militiaman – Dinar Guru  …the United States Treasury…is using the language of ‘global currency reset’ arriving with the QFS.  Whether or not it’s all at once it doesn’t say that.  It just says that it’s arrival is because of the QFS…that’s why I’ve found that the most powerful thing I’ve seen because we all thought it [Global Currency Reset] was mythology.  No body took it terribly seriously because the phrase in and of itself was not given out by the IMF or the World Bank or anybody until now...how many counties come out and do something in respect to this at one time is to be determined but one of the main feelers is the Iraqi dinar is the lead in with the QFS…

Breitling – Dinar Guru   People are asking me ‘Is Trump going to cause the dinar to revalue for his election?  Is that going to help him?‘  Didn’t we have this conversation when George Bush Jr. was running for president?  You guys they don’t have that sort of power over a currency…

Mountain Goat – Dinar Guru

…In the past we have been given a diagram charting decades of rates for the dinar by the CBI. Seems they are targeting around $4.25 as a stable rate in the long run. But to get there, steps must be followed:
1. end the currency auctions and its corruption as is today.
2. delete the zeroes and launch the newer notes and coins to convert to the lower denominations;
3. revalue the dinar in-country by removing the zeros from the rate meaning That is a .000873 rate would become 87 cents. Of course, they want to get the dinar par or to exceed with the US dollar to start…They will want to make the dinar more desirable. The start may mean a provisional rate goal of .00100+ before starting then drop 3 decimal places to at least a 1.00.  [post 1 of 2]

Mountain Goat – Dinar Guru
 
4. monitor the economy for hyper-inflation for a couple of weeks or more
5. then reinstate the currency to the global currency exchanges and allow it to trade openly meaning FOREX (buying and selling). We do not go to the bank until this final step in the process happens...

Having said all this these steps could all happen very suddenly within a week or may take longer. It depends on the reaction of the market inside Iraq .  [post 2 of 2]

Pimpy – Dinar Guru   Trump Quote:  “We’re looking at also considering a capital gains tax cut which would create a lot more jobs so we’re looking very seriously at a capital gains tax cut…”  Yeah we’ll take a capital gains tax cut.  That means when the RV happens…you wouldn’t pay no capital gains on them if he cuts the taxes on it…you would only pay state tax.  So make sure you move to a state that has no state tax…he’s going to get what he wants…