Dinar Observer Daily

MilitiaMan – Dinar Guru    …the GOI is hiding something. So is the CBI. They are hiding the 2019 Financial Management Law Amendment that needs to precede the 2020 budget law and the new small category notes with fils. The CBI has the ability to hide things for sensitive reasons.  A large move in an exchange rate would need to be on the hush hush side of things. Hence the exchange rate was hidden all this time. The CBI statistical pattern changes support that view. What else support they are not playing ball with a program rate...Is, they destroyed good quality notes in massive quantities, they spent $190 billion to print new notes and coins (fils) and they are said to be delivered to banks now.  [post 2 of 3]

MilitiaMan – Dinar Guru   Article:  “Al-Tamimi: The government completed the budget before it resigned, and we do not know why it was not sent”  Quote:  “the government could have sent the 2020 budget in mid-October last year,” stating that “the government completed the budget before announcing its resignation, so what is the secret that prompted the government to refrain from sending the project?”  Al Tamimi states that the 2020 budget law has apparently been hidden since October 2019…since then, the 2019 Financial management Law Amendment has not been shown…As that would expose the new international exchange rate. …To hide the data is for a reason. That reason is not for Iraq to be at a program rate. Just as Dr. Shabibi has imo suggested that they can not give it to parliament as they would leak it.  Hiding it until appropriate is evidently what they had in mind and did. [post 1 of 3]

Kaperoni – Dinar Guru   Until they get a new prime minister, a cabinet, and get things back on track there will be no currency reform. Iraq still needs to pass laws, implement those laws and create the conditions investors are looking for to rebuild the country.

Dinar Investor – Jeff   Article Quote “The budget bill is compete and will be sent immediately to the parliament after the formation of the new government”  …that’s great news because that’s just telling us everything…demonstrators demands, article 140, HCL, the budget everything with the country of Iraq is very clearly waiting on the rate change…

Chattels – Dinar Guru   It is Holy Day in Iraq. Not a lot of news today.  Tomorrow could be a watershed day in the history of Iraq. Can Iraq’s competing factions decide upon a Prime Minister for all?  The prospects and opportunity over time for good government are not without limits. Iraq is running out of time, IMO.

Mountain Goat – Dinar Guru   Article: Reuters Thu Apr 12, 2012  “IRAQ HALTS PLANS TO CUT ZEROS OFF DINAR CURRENCY-CABINET”   Quote:  “…a statement on the website of the cabinet secretary said THE CABINET HAD DECIDED TO HALT ALL PROCEDURES RELATING TO THE REDENOMINATION OF THE DINAR “UNTIL FURTHER NOTICE“.  So why is this old article from 2012 important? It is important because…it shows us they do plan to delete the zeros and redenominate the currency and so this is real not just a get rich quick scheme or scam.

Mountain Goat – Dinar Guru   So how can Iraq fix this mess? They MUST select a new prime minister that is pro-Iraqi and not go along with this plan to block the project to delete the zeros and redenominate the currency (currency reform) by Iran anymore…At this junction in Iraq this currency reform is a critical reform…needed NOW if Iraq is to move ahead with reconstruction and attracting investors. It is needed even for the deal with China and don’t forget the same sort of deal is also on the table with the US. … So the protestors have been told by the CBI this demand is coming shortly and would have already happened if not for this mess… So how long will the protestors wait for this demand to happen? …There is still a ton of gold at the end of the rainbow for us but we just have to wait until the storm is over… [post 2 of 2]

Mountain Goat – Dinar Guru   …in April 2012 the currency auctions has increased daily from 150 million to 400 million and the money was being funneled to Syria and Iran. Today we know that in 2019 alone nearly $40 billion dollars was stolen out of the CBI this way. So, the corruption with the currency auctions had already begun even back in 2012 and has been ongoing since. So could this be why Maliki wanted to halt the redenomination Dr Shabibi was moving ahead with? Shabibi’s plans to redenominate would have stopped the currency auctions and ended this “piggy bank” for Iran and Syria. …Fast forward to today 2020. Could this be why Iran insists on having a pro-Iranian prime minister? Could this be why the CBI is deadly afraid of conducting the redenomination without the FULL support of the GOI and the prime minister?…  [post 1 of 2]

Adam Montana – Dinar Guru    Article:  “Iran cannot access $5 billion of its energy money in Iraq: Official”  Quote: “Iran’s money from exports of gas and electricity has piled up to $5 billion in a bank account in Iraq, but Tehran cannot transfer it because of the US sanctions, an official says.”  US sanctions are starting to play a huuuuuuuuge role in separating Iran and Iraq. Anyone who thinks we don’t have a hand in this is simply not looking at the whole picture.

Frank26 – Dinar Guru  …Allaq IMO was scheduled by the CBI to announce to the citizens the new category notes, the descriptions of them, the exchange rate, the reason for the removal of the 3 zeros, everything.    But every weekend there seems to be something that stops it.  IMO  right now the CBI is huddling up with all its banks.  And everything Allaq was about to release is what they are reviewing and going over.  They know everything they want to do.  Ironically the only thing they don’t know is a date.

BGG ~ Highly dubious information…

Dinar Investor – Jeff     Article:   “Parliament Finance:  The draft budget law will be sent by the Council of Ministers on April”  …why is it important to know what’s going on with the budget?  The country of Iraq has never approved a budget this late before.  Every year for the last 11 or 10 years they’ve typically had the budget done…and…passed the budget off to Parliament by December…they typically finish February to March.  This is the first time in their history that in 11 years that I’ve actually ever seen them delay a budget until April.  That’s very significant.  IMO that’s telling us they are waiting until after the rate change.  Remember the budget itself will not contain a rate but it’s pegged to the rate.  That’s why they have to wait…

Adam Montana – Dinar Guru   I don’t have an RV date to give you. But I do believe that towards the end of this week, we’re going to have a reasonable amount of information to use in making such a prediction.  And I also think it’s going to be extremely favorable.  Time will tell if I’m right…and there are some of you who are going to reap some amazing benefits.  [post 3 of 3]

Adam Montana – Dinar Guru   The barriers that have kept an RV from happening are being eroded, and quickly. I know, that’s not what is in the headlines…but that’s what is really going on.  Where we are today, then, is on the cusp of some serious change…The facts are right in front of us – we have never seen this kind of change, and it’s happening on top of everything else that Iraq has accomplished.  Will we see a new Prime Minister this week? Possibly yes! There may be one final attempt to slip in someone with Iranian backing, but that will fall on it’s face, and my prediction is that the people are going to get what they want. As that happens, Iran’s grip on Iraq is going to be severely weakened, and things are going to happen.  Fast.  [post 2 of 3]

Adam Montana – Dinar Guru    The big news going on right now in Iraq is the impending selection of a Prime Minister. Over the years, we have witnessed a series of Iraqi politicians that were really Iranian puppets…they were not looking out for Iraq. As of last October, there has been a major shift in Iraq. The people protested, rioted, and demanded change. The face of their demands was simply to improve their lives, but the heart of the matter comes down to removing the Iranian factors. This is the main reason there is no Prime Minister in the place of Mahdi already.  …between the Iraqi’s recent protests, and a bit of US and other outside influences, the Iranian factor is being whittled down.   [post 1 of 3]

Dinar Investor – Jeff …during the next few days or by Friday they’re saying that they should be decided on a prime minister…

Mountain Goat – Dinar Guru   Article:  “TRADE BANK OF IRAQ IS EXPECTED TO STOP PROCESSING PAYMENTS TO IRAN” …the goal of the US is to STOP all payments to Iran. This is part of corruption elimination and this is going to move ahead yet even more as they uncover the extent of all this Iranian corruption. Where is all the much-needed Iraqi reconstruction money going? Why does the 2020 budget have to have a deficit?  …I keep telling everyone that Iraq is filthy rich with oil revenue money however it’s a free for all for the taking. Corruption is so rampant.

MilitiaMan – Dinar Guru   They haven’t shown us the rate yet from the 2019 FMLA. The rate precedes the 2020 budget, just as the NSNs will need a rate – just as there is no need for the new PM. There will still be future elections to contend with and an on going concern, which are mostly unrelated directly daily goings of the CBI. They sorted their game plan already. Now we wait and see if the CBI reports accordingly 01/01/2020 – 01/31/2020 without a program rate attached to it…   [post 2 of 2]

MilitiaMan – Dinar Guru   We imo don’t care about the 2020 budget, we/I care about the 2019 Financial Management Law Amendment that was passed and voted through under a residing and legal Prime Minister, just as was the 2020 Budget Law was two days prior to the PM ever resigning. All legal and legit. The 2020 budget has the ability to adjust over months at 1/12th the budget, while they get the new rate sorted out. That is why imo the law was done accordingly and hidden to a large degree. [post 1 of 2]

Mountain Goat – Dinar Guru   …Why is Iran making all this trouble via their militias?  They are doing it because they know their days are numbered and it is their last desperate attempt to remain in politics and have influence in Iraq.  Basically, they want to control Iraq. They want to make Iraq a puppet state of Tehran.  …These Iranian militias have to be dealt with or we will never see peace in Iraq and never get the stability we need for an RV…The dream of a prosperous and abundant Iraq will never happen.

Kaperoni – Dinar Guru    An interesting opinion piece came out a few weeks ago discussing what would happen if the US left Iraq.  What caught my attention was the reference to floating the currency.  Why would this be a topic unless this was the plan?

Tman23 – Dinar Guru    YOUSSFAD ALI TARIK HAKEM …. is name being floated in the inner circles as PM … a business scholar with deep western ties … an excellent anti Iranian choice which means Sadr is not in favor.

Breitling – Dinar Guru    …Let’s talk about the information that comes from the CBI – the chart where you see it  [the note count] coming down…I don’t have access to the CBI but I do have friends that have access to the CBI.  Basically their answer was until the CBI corrects that and puts out a statement that’s what you live by…what you can count on is the rate is correct.  And also when they say they are reducing the note count, they’ve always reduced the note count.  Until the CBI corrects it follow the trend.  They’ve never not followed through on what the trend was…they’re reducing the note count.  That’s it…has the CBI come out and said they’ve made a huge mistake…no they have not…the overall trend is they are reducing the note count…Iraq’s going to revalue their currency...

Dinar Investor – Jeff  …stop worrying about the formation of the government.  Iraq has been approving and amending laws.  At the end of December they approved the Election Law or amended it.  Just a few weekends ago they amended the Financial Management Law.  Iraq has come too far setting the stage to go back now…Timing is critical to them…the current PM Mahdi will just continue to stay in that position for like another 3 months.  January, February,  March.  That means he’s in there at least until Q1.  They’re also saying this week they’ll probably put another PM in on Thursday-ish…either way their overall progress is too far along to go back…Iraq’s government is fine.  The current status of the government will not slow down the rate change…Iraq has enough stability.  They’ve come too far along to stop right now…

MilitiaMan – Dinar Guru  Article:  “Al-Nassiri: We need a systematic movement for economic reform”  No doubt we would like the party to get started and based off the article from Nassirri, it tells us they are doing things and in fact are ready for exactly what we have been waiting for all these years. For instance, the CBI spent about $190 million on nscn’s and fils, reduced the note count by 45 trillion real close (See Charts at CBI), have a large deficit noted in the next budget that cannot be filled based of their recent note count reduction…The End of Month is coming soon and they have reporting to do. If they have a significant rate change above a program rate they’ll need to announce it ahead of time or real close, as this time it wont be based off a program rate…

Breitling – Dinar Guru    …Iraq has suggested that the U.S. remove their presence in Iraq.  The President has said if this happens Iraq’s accounts will be frozen in the U.S…Could this in any way interfere with the revaluation of the the dinar?  Look, Iraq is not going to kick the United States out of the region…This correlates a little bit with Trump talking about that we have billions of Iraq’s money.  That’s in U.S. dollars. When he did that interview [1-11-2020] he’s talking about dollars…what’s energy traded in?  It’s traded in U.S. dollars.  That’s how we’re able to have access to their accounts.  They’re in our banks and our reserves… 

Chattels – Dinar Guru   Article quote:  “Baghdad / Nina / The economist Raad Tuwaij confirmed that the 2020 budget is an inflated and critical budget due to the high deficit rate to 33%, which is a large deficit that will cause a decrease in the value of the Iraqi currency and a decrease in the purchasing power of the Iraqi individual.”    There are some who say that inflationary pressure is a friend of a currency value increase.

Adam Montana – Dinar Guru   Pressure is REALLY heating up to replace Mahdi… and it looks like Iran is losing the “(s)election”.  If they get anyone in there that isn’t an Iranian puppet, we are on the fast track.

Kaperoni – Dinar Guru     For once…guru Jeff is right…The 2020 budget does include a public/private partnership to launch the private sector and begin significant reconstruction.  But it does not involve a rate change for the dinar.  If the currency is to appreciate it will not be some random act.  But a decision to get off the peg and float the dinar as a result of inflationary pressure created from investors and an influx of capital to create a private sector and rebuild the country. This is not an overnight event.

Mountain Goat – Dinar Guru   The US wants all funding to terrorists to end… So this is the situation like it or not...it may be better to face Iran now and suffer any consequences NOW than to continue and prolong this Iranian influence any longer. We will NEVER see our RV with it. It may take some time to get Iran out but at least now the process has begun and is being aggressively applied. How long will it take, we don’t know. But there is a plan and the US and Iraq now are jointly working towards it. This is the VERY GOOD news today...  [post 2 of 2]

Mountain Goat – Dinar Guru   I want to remind everyone that the end of January is just around the corner. The month of January is noted as the BEST and MOST OPPORTUNE time for the CBI to conduct the reinstatement.  Can they do it by end of January? …I don’t think so.   Does this mean we wait until next January 2021?   Very possible we may have to since now they are talking about not even implementing the China deal with Iraq until 5 months from now. Seems 2020 is going to pass us by real fast. Another wasted year gone…I believe that over this coming weekend things could drastically change, if a prime minister is seated. [post 1 of 2]