Dinar Observer Daily

Adam Montana – Dinar Guru   [So, I can’t help but think if there was a 10 cent with a float, there would be a MASSIVE run on the buying of dinar…]   massive run on the dinar – YES, which means a massive influx of cash to Iraq’s vaults, which makes them look better, which adds to the demand for dinar, which raises the price, which puts more money in their vaults, and on and on. It’s a snowball effect at that point. I don’t want to see a massive run on the Dinar before the RV.   I DO want to see that immediately following the RV.

Chattels – Dinar Guru  With all due respect to those who believe that the GOI is not as important as the CBI, I ask what monetary or banking policy can exist if there is no functional government ?

Adam Montana – Dinar Guru   …Last week, several options were considered, and they ended up with a completely unacceptable candidate: The current governor of Basra, Asaad Al-Eidani.  *Sigh*… as if that was going to go well!  Now, the President of Iraq Barham Saleh has stated that HE will also resign over the reaction to this nomination!  …Bottom line… the people are going to win this one. There WILL be a massive change in Iraq, and it’s happening.  Right now. Overall, I’m very happy with the situation.   [post 2 of 2]

Adam Montana – Dinar Guru   Iraq is taking the end of 2019 serious…First, the recent history: Beginning of October 2019, the people of Iraq began protesting. And when I say “protesting”, I mean riots, people dead, “we’re not going to take it” level of protesting. The most recent Prime Minister quit, and his successor needed to be named in a short period of time.  Parliament made it known that the voices of the people were heard, they know they can’t just stick another puppet up there and expect things to be okay again… [post 1 of 2]

Chattels – Dinar Guru    Quote:  “…the 2020 budget has some amazing stuff in it…Article 140, HCL all that is now inside the 2020 budget…”    How is Article 140 inside the 2020 Budget?  The Iraqi budget, when passed, becomes law for the year of that budget.  The HCL is a permanent accord between the GOI and the KRG which governs many things related to oil production, sales, etc.  There have been at least two drafts of the HCL, neither adopted and none in and budget law.

Delta – Dinar Guru   …you [CBI] are about to introduce the lower denominations.  You’re about to change your rate.  You don’t want to mess this one up…I’ve never seen this pattern before…there’s something fishy here.  There’s something going on IMO…they might load those ATMs with lower denominations.  Whatever the case definitely it’s very interesting and this is out of the pattern…Everything is shut down and now is the right time for you to show everything...  [Post 2 of 2]

Delta – Dinar Guru  …more confirmation that we may see something…the Trade Bank of Iraq they came out with three separate announcements for their own customers…They’re stating that they are going to start suspending some activities…you cannot withdraw cash starting on Thursday [26th]…And on Sunday the 29th they’re going to suspend all the wire transfers and all the deposits.  On Sunday you cannot deposit cash and cannot wire transfer…I’ve never seen a bank shutting down the cash.  You cannot withdraw cash.  You cannot deposit cash.  This is very interesting to see because it’s never happened before…   [Post 1 of 2]

Dinar Investor – Jeff   IMO we are at the last step waiting for Iraq to position and allocate money from within the 2020 budget.  But they put a little spin on this.  Now I strongly feel that we are waiting for them to resolve the prime-minister issue…IMO we want to see the Prime-minister portion resolved by or around January 15th…that would easily leave them two and a half months to tackle the 2020 budget…IMO the 2020 budget is the very last step that we’re waiting on...I still feel we’re in a very good position. Obviously just a little time is needed…

Mountain Goat – Dinar Guru   Wow! The news from Iraq is finally breaking wide-open and is all very good for us. The stalemate seems to be almost over and if it continues we might just see the reinstatement yet in early 2020…  So Iraq still needs a new prime minister, someone the US and UN can also approve will preserve the Iraqi constitution. We see…on Christmas Eve the Electoral Law was finally agreed on and passed. Now two readings already on amendments to the Financial Administration Law.  So let’s get the new prime minster completed. The CBI is waiting…

Dinar Investor – Jeff   …I’ve been in this 10 years.  I think I’ve only seen one article in 10 years where they ever talked about the physical exchange rate of the Iraq dinar ever being in the $3+ range.  Like 99% of all the articles I’ve seen that mentioned anything about the Iraq exchange rate they’ve always showed it to be in the dollar range.  Why is that?  They’re never gonna show you the real truth as to what the rate is even gonna be.  That’s why like I said 99% of the articles are talking about the dinar exchange rate being pegged to the dollar showing that the value of the exchange rate is in the dollar range.  They don’t want us to know that it could be in the $3+ range…they don’t want you to think that it could even reach $3+…

Larrykn – Dinar Guru   As for the dinar…Look at the news and what they are doing…do you really believe they would change the rate when they don’t even have a government in place. I think not. I’m sorry but it looks like we will still be here for awhile…not saying this won’t happen but I do believe they have to have the country in order before they can do this… 

Dinar Investor – Jeff    … Frank, Delta and MilitiaMan are all of the opinion that the rate will change around the beginning of this fiscal year… saying March is a reckless rumor…  Iraq has never done a rate change at the end of the year…roughly 2010…  Shabibi said that the best time for a rate change is either at the beginning of a fiscal year or middle.  They’ve never commented around the end of a fiscal year…Back in the ’70s Iraq’s fiscal period was actually the exact same as Kuwait’s from the beginning of April through the end of March…in 1973 Iraq’s currency pegged to the dollar was worth $3.37 … …Iraq’s preparing to join the international world community… Iraq will start managing and controlling all of their own affairs…that’s when they would most likely transition to a new fiscal year and un-peg from the dollar and re-peg to a currency assortment basket to be structured exactly how Kuwait is structured today…

Mountain Goat – Dinar Guru   …This part of HCL is very significant because the conditions specified for these payments is bringing the provisional rate to 1:1 with the US dollar first and paying out under this new rate. As I told you before it is going to be more like about 83 cents rather than 1.00. I am seeing some positive signs …time will tell. We are hopeful this window of opportunity is taken advantage of and finally Iraq will move forward again with the project to delete the zeros.   [post 2 of 2]

Mountain Goat – Dinar Guru  I was hoping for announcements by the GOI on certain aspects that did not happen…These announcements should be about the payments of the HCL excess oil revenues to the citizens and hopefully the new prime minister. ...I have evidence of a meeting with the UN, US, CBI and the GOI and agreements have been made to do so soon, in fact it was supposed to happen already last week. [post 1 of 2]

Mountain Goat – Dinar Guru    What I am still hearing is that our window of now until mid-January is still wide open. It could literally happen at any moment during this period. The demonstrators have a huge impact and will force this out.   No, Iraq does not need a robust economy or a market economy to allow the reinstatement of the dinar. Like I keep telling everyone, there is a difference between VALUE and the RATE of a currency. We know for a FACT that the Iraq dinar has the value it needs already way beyond its current rate. The rate is being held back intentionally due to corruption.

Adam Montana – Dinar Guru    […you still thinking $0.10 or something more substantial given the increasing political pressure?]   $0.10 still makes as much sense as it did before, and would be substantial enough to get everyone off the riot bus.  The other side of that topic is “float or fixed”, and I’m leaning heavily towards “float”. This will keep pressure on all parties to keep moving Iraq forward, which may turn a .10 exchange rate into much more in a short time.  The catch to that is going to be the cash in timeframe. I’m convinced it will be at least 90 days, but probably no more than a year. The new and old currencies would be used at the same time, and there’s a good chance it will make sense to reinvest in the new currency as well. That is ONLY true if it’s a float…

Chattels – Dinar Guru   Article:  “Iraq’s parliament passes new electoral law after months of protests”  The new law approved today means votes will be cast for individuals and not political lists, potentially lessening the influence of the established parties.

Adam Montana – Dinar Guru   …unless the next person gives them something good, and fast, they will be rioting again.   …things should be happening fairly quickly…instead of the usual weeks or months of delays, we are seeing a different Iraq…The people aren’t going to wait long. They want change, and they want it fast…it’s looking pretty obvious that someone is going to have to bring it. Or else…  Today or tomorrow we should have an announcement on who is going to take the responsibility for that change…it may be a surprisingly great Christmas after all!  [post 2 of 2]

Adam Montana – Dinar Guru   …Back in early October 2019, the people of Iraq finally had enough…following those protests, or during them, the most recent Prime Minister (Mahdi) resigned. …By law, there was a period of time to appoint the next leader. …it is well known by all involved in the process of appointing the next Prime Minister that it must be a candidate who will be accepted by all political parties, and also the people.  In fact, “most importantly, the people.”  This puts a very bright light not only on who they appoint, but also what happens in the very near future.  [post 1 of 2]

Mountain Goat – Dinar Guru    …this plan is not really as risky as Kaperoni says. Actually, the plan is based off of having the reinstatement and the new rate and will not risk the entire CBI reserves… also…take into account the pressures from the protesters or from the US and IMF. The IMF has also recently threatened them with Chapter VII again. This can not be taken lightly. This all matters very much.

Kaperoni – Dinar Guru   I do agree Iraq can buy the majority of dinar in circulation if it chooses to do so but only at or about the current exchange rate.  They could never do so at a $1 to 1 rate. 40+ trillion is just to much.  That is why the dinar must float.

Whitelions – Dinar Guru  …there is no float the CBI has Told us this and the IMF has no control over how Iraq rv it’s money they can only advise and they are advising that Iraq revalue to a few cents above where is was when it was taken down.

Adam Montana – Dinar Guru   Article:  “Al-Khaldi: 170 deputies presented “Muhammad Tawfiq Allawi” as a candidate for prime minister”  Allawi’s name is coming up a LOT…I’m fine with him. Quote:  “the rest of the nominated names are Lieutenant General Abdul-Ghani Al-Saadi, Abdul-Wahab Al-Saadi, former Governor of the Central Bank, Sinan Al-Shabibi,and Judge Rahim Al-Akili, all of whom accepted their candidacy.”  I know there are members that don’t support Shabibi, but I disagree…he has so much relevant experience. He has been a part of this RV process, and deeply so, for a lonnnnnng time. And I think he’s supported a raise in the value, but he didn’t have express power to make it happen, or maybe it wasn’t the right time… but he could be the one to just jam the bus in forward gear and run through the barricades. I support him as a choice as well.   …The people are going to get what they want, and soon, or there will be a repeat of the last two months.  Iraq is in a solid place to RV.

Dinar Investor – Jeff  …Why is it being delayed?...One: What is Trump’s 2020 campaign theme?  Strong economy.  The Dow…is not too far away from 29,000 points…What if the U.S. financial markets were all at an all-time high and that’s also when Iraq changed their rate?  That would mean we would have very high US financial markets and then roughly billions of dollars just got injected into our economy and that would be approximately 7 to 8 months right before the US elections in November...there’s a very strong possibility Trump could have delayed this to have it well positioned within 7 to 8 months of the US elections.  That way he looks like an economic king and genius.  That’s one scenario because ironically it kind of is playing out in that direction right now.  The second: Iraq could have needed some time to get themselves positioned…get some of the Iranian influence out of there…they’ve been passing certain laws…nobody knows exactly but those are two very solid reasons why this may have been delayed…

MilitiaMan – Dinar Guru …I know it is not over just yet, but, very good collective evidence suggests thus far that end is this year effectively. …my bet is placed on that it is 100%. Why…? Because…They haven’t denied it this year. In fact, they have confirmed they have orders to complete the monetary reforms and have accepted them. (USA influenced).  The CBI accepted back in September 30, 2019 +- those orders.  …the process is underway, has been and is not stopping…So, let’s see what happens…now is a possible go time for us more sooner than later…All of this is my opinion.

Mountain Goat – Dinar Guru   …the plan is still basically as it has been all along and has not changed. What has changed now is the forced political support for it and that the US and the IMF now support the sign-off process. By the way we do not have to wait 6 months or even a year for the economy to progress or for the private sector to develop as some…keep telling you…

Mountain Goat – Dinar Guru   Listen folks Iraq has almost three times more resources and oil than Kuwait as well as agriculture and other precious minerals that Kuwait does not have. Kuwait also does not have a viable “market economy” or even much if any private sector industry…So why is the dinar for Kuwait (Iraq’s next door neighbor) with a rate of around $3.30+ ?   So, we know the value in the Iraqi dinar and it is at least the $3.22 prewar rate to reflect it. We must conclude that the rate (to reflect the value) is being artificially stiffened.   [post 1 of 2]

Dinar Investor – Jeff    Second you have seen a lot of articles that if they were to pay for reconstruction with the current value of the dinar they risk it spiking their inflation.  So both reconstruction and trade are post rate change steps…we’re waiting on the 2020 budget and it means the rate change is married to the budget because the post rate change items are inside of the budget…based on all those items that does suggest to us that Iraq throughout the entire year of 2019 has been setting the stage for the rate change. [Post 2 of 2]

Dinar Investor – Jeff    …I saw one of the more popular gurus come out and say that there’s nothing left for Iraq to do other than just change the rate and that is completely incorrect…if there’s nothing left then why the hell am I still waiting? …what are we still waiting on?  How do we know the rate is even going to change?  What reveals to us the rate is gonna change? …Iraq has done more within the year of  ’19 than they’ve ever done before…between January through June they were putting together contracts for trade agreements…Iraq cannot pay outside contractors…with the Iraqi dinar until it’s internationally recognized.  [Post 1 of 2]

Adam Montana – Dinar Guru   4. HCL is in the news. It was ignored for a long time, but now it’s poking it’s head up again, which is exactly what we expect to see before it passes.  The highlight of that list is HCL – once it’s passed, the currency will have already risen in value, or be about an hour from it.  At that point, it’s done!   [post 3 of 3]