Dinar Observer Daily

Adam Montana – Dinar Guru   3. The Budget, which is always a big deal, is flying through the system. It’s almost being ignored this time around, which should be a major flag to investors! A major component of it is the KRG deal that was made. The Kurds are paying their portion of the deal with a solid 250,000 barrels of oil, which means they are paying in OIL. (This is a topic of it’s own, and I’ll suffice it to say that it’s a GOOD thing that they are paying in oil!)   [post 2 of 3]

Adam Montana – Dinar Guru    Here’s what’s actually going on…  1.  Iraq has gone through some political and social issues lately. The people have made a huge statement, and the GOI (Government of Iraq) has listened. The Prime Minister has resigned, and changes are happening… now. Today is a major date for a new PM to be appointed, and even if they don’t appoint a new one today, the reins change hands. This is a CATALYST MOMENT.   2. Article 140 (regarding some disputed lands) is in the headlines. This needs to be partially resolved prior to HCL completion, and success is on the horizon.   [post 1 of 3]

Adam Montana – Dinar Guru   …Have you ever heard of a “red herring” or a “false flag” or “3 card monty” or anything else, like “sleight of hand”? …MAYBE…Just, maybe… we should be looking at the other hand.  Maybe that “other hand” isn’t the Iraqi Dinar, but maybe it is…I’m not saying the impeachment proceedings and the fuss the news has made about it recently are all a big government plot to distract everyone while Iraq ReValues, of course. But I WILL emphatically and without apology state that when the news has you looking one way, there always ALWAYS seems to be something else going on…And if you kept your attention on what the news wanted you to watch, what will you have missed?  Maybe something that affects you, and maybe not. Maybe the Dinar ReValues in the next few weeks. Maybe it doesn’t.  Maybe you are in the right place, at the right time. Either way, the Iraqi Dinar is in a good place right now…

Mountain Goat – Dinar Guru    So, when can we expect to see the Reinstatement?  I am still seeing the same window open until mid January 2020. If we don’t see it by they we are not going to see it for a long time, probably wait until next January 2021. But I fully believe this is not going to be the case again. Why?  I am saying there is hope more than the previous years we experienced because now the CBI has the official “go -ahead” from the powers to be. Yes, the US and the IMF have told Iraq that now is the time and so they are moving ahead. We will see the results very soon. Just hang in there for a bit longer.

Dinar Investor – Jeff   Article Sept 6, 2012 “Delete The Zeros Must Be At The Beginning Of A Fiscal Year” …this is a little bit older article from 2012.  It’s by Mohammad Saleh.  He was the number 2 guy at the Central Bank for many years.  According to him the “deletion of the zeros” must coincide with the beginning of a fiscal year…from 2010 to 2012 when Shabibi was the Central Bank Governor he made a statement, ‘at the beginning or middle of a fiscal year‘.  That was stated by Shabibi himself…how do they achieve a rate greater than a dollar? ...they have to unpeg from the dollar and peg to an SDR basket.  Will that change their fiscal year?  You bet it will!

Adam Montana – Dinar Guru    Those three items – New Prime Minister, Article 140, and Baghdad and KRG agreeing so peacefully on a number for the Budget, are all GREAT for seeing the HCL move, and that’s what we need to open the path for an increase in the exchange rate. Fingers crossed for HCL news, because when that hits the press…it’s probably a done deal at that time.  We could be a couple weeks out from a huge change. This is all coming together at the same general time, and the combination is exciting.  GO HCL.  GO RV. GO IRAQ!   [post 3 of 3]

Adam Montana – Dinar Guru   At this time, we have a Budget that is on track, including full agreement that the KRG will pay their share of the budget with 250,000 barrels of oil. Article 140, related to some disputed territories, is front and center again. This is an issue that won’t be completely resolved immediately, but it doesn’t need to be. “80% done is done enough” on that matter for us to see the HCL move. [post 2 of 3]

Adam Montana – Dinar Guru  This update is one of the most optimistic ones I’ve had the pleasure of writing in quite some time. We’re transitioning into the next scene for Iraq, and it’s happening now…When the rioting was in full force, I stated that we were in for a bit of a wait. Turns out it was only a couple months. The next step is to place someone in the Prime Minister position, and that looks like it’s going to happen fairly quick. [post 1 of 3]

Dinar Investor – Jeff  Here’s my option on the demonstrations.  Yes they’re gonna continue.  At least right now they’re not out of control and they’re not tearing the place apart…the government was only able to offer back roughly two items without having the rate change…Money and creating jobs for them.  All of their other demands which were additional monies from Article 140, HCL, reforms reconstruction all of those items are contained within the 2020 budget…the 2020 budget is married to the rate change.  They can’t implement any of those additional items which are demonstrator demands until that rate changes…here’s the good news about this…we know that more time is needed to finish setting the stage for the rate change…but they can’t wait too long because the demonstrators are going to be so far up their wazoo tearing the place apart that they can’t wait 6 to 8 months…so that’s good having that lurking in the background…

Dinar Investor – Jeff    Articles  “Iraqi presidencies meet on the completion of the government and the US presence“;  “Details of the Peace Palace Meeting”  …here’s two of those articles…they’re both from February 27 2019.  These are the articles that tell you  1.  The government was complete.  2.  The second one shows you that huge celebration where they all joined together…this is the level of meeting you have when you have completed the government to celebrate…a huge accomplishment of unity…this is the level of meeting you would have shortly before you’re preparing to changed that rate.  IMO this was them kind of having a 30 day stage preparation before changing that rate…[IMO] they had full intentions of changing the rate possibly over that weekend of March 21st 22nd of this year 19.  But it was Donald Trump who stepped in and pulled the plug on that for his own political gains and purposes.

Kaperoni – Dinar Guru     If the Central Bank decides to raise the value, it won’t be overnight but via a float to counter pressure created by significant investment.

Samson – Dinar Guru    Article:  “Parliament holds its session next Monday and the election law is on its agenda“  

Delta – Dinar Guru   …I have 99% belief that we are going to see this from now to the 2nd of January…

Mountain Goat – Dinar Guru   But many say – Oh – but Iran has all this dinar and they will be wealthy and this will circumvent the US sanctions. Really? …The Iranians are already making billions over the fraudulent currency auctions. Do you think this really matters?  …The CBI told us there is only a fixed amount of IQD now in circulation. I remember them saying about 74 trillion? This was down from three times that much. Yes, they had to reduce the amount by 2/3 and did so. Who cares who has it?    We have some too. So what? This is how reinstatements occur. Some will get rich if they smart enough and willing to invest early when the rate is suppressed. It is now artificially suppressed.  So please all you negative nellies out their – calm down! This is all going to work out and we are going to get our money from this investment…  [post 2 of 2]

Mountain Goat – Dinar Guru   What [is]… on that first list of demands by the demonstrators?  …Yes, currency reform is on the list (as to do away with the currency auctions)?  …This situation is fluid. But one day very soon this is going to just come out and the OFAC sanctions will be lifted on Iraq. When?  I keep listing out the issues that seem now plausible for Iraq to deal with. …It is now all about getting rid of corruption and Iranian influence in Iraq politics. I truly believe…these two items are blocking the reinstatement and must be accomplished to some degree…  [post 1 of 2]

Francis Albert – Dinar Guru   …Iraq is only “On the hook” essentially for break out of FOREX…say (I predict), .86…Traders buy and sell…that will raise the value…all that money, say up to 3 or 4 dollars, comes from people making an loosing money trading. Iraq is out of the picture at that point…because they are just buying and selling ethereal Dinar that don’t and will never exist.  [I would love to see 86 cents…wow.]  Well, I think you would be making a big mistake to cash out at .86 Just my opinion.  I suggest, you tie yourself to your bed, watch FOREX…for a bit…it’s not going to go down.

Dinar Investor – Jeff    I have found something HUGE that no one else has caught on to or noticed.  History right now is repeating itself.   Article “Parliamentary Finance:  Iraq will enter a temporary budget in 2020” Iraq is approving and putting in place a temporary budget…IMO what this temporary budget is gonna do is cover their government operating expenses through Q1.  What that does is gives them time to approve the permanent budget that I told you IMO would be implemented Q2…this article right at the end is telling you the reforms are inside the 2020 budget.  This is huge…

Mountain Goat – Dinar Guru   Article  “CENTRAL BANK HAS BEEN BUYING GOLD IN PREPARATION FOR CURRENCY RISE”   Quote:  “Iraqi Central Bank bought gold reserves of more than 90 tons. This is a cover for the Iraqi dinar IN ORDER TO ENHANCE ITS STRENGTH IN THE GLOBAL MARKETS.”   This is one of those WOW! articles. Why are they telling us this now in the midst of all these demonstrations? Is the CBI about to raise the value of the dinar now because, even though they have bought all this gold the rate of the dinar has actually gone down. So, when will the true value be reflected in the rate?

Adam Montana – Dinar Guru    WTI (oil) at $59 this morning = good.  The Kurds already agreed to a portion of the Budget, and they are continuing to make progress on their own responsibilities. Also good. For those coming late to the party, Prime Minister Mahdi is stepping down and is to be replaced. Reading between the lines leads me to believe that a person is chosen, but they are going to wait until the “last possible day” to announce him. This makes sense to me – by releasing the name at the last minute, they will transition into the next phase with less issues. I like it.  Things are going well. As long as Steve Harvey isn’t chosen to announce the rate, we’re going to be just fine!  [LOL]

Mountain Goat – Dinar Guru   …We know that the HCL is designated to pay out under a uniform rate of close to 1:1 with the US dollar. This is how it was set up. So, the in-country RV only has to be announced now…  I have said this before and I will say it again. Don’t worry about the initial rate of the in-country RV that should come out around 83 cents to a buck. This rate will be pushed to FOREX as the initial rate but it will get driven up so quickly to the real nominal value that you will not even have chance to go to the bank before its around $3+ and maybe even climbs to $4+.  Am I giving you a rate? Yes, we know about the rate now and we know how they plan to implement this process. This is nothing new. This is as close as anyone will get until the rate is actually shown.

Delta – Dinar Guru  …I believe this week or next week we should see an announcement coming up from the Central Bank of Iraq.  This is going to be a big thing because the Committee of Financial Operations they’re ready…they’re lining up everything…

Dinar Investor – Jeff    Article “Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies”  …because Iraq’s inflation is a little bit higher they need to delete the zeros…to curb the inflation that will allow them to mint coins.  And they will have a higher exchange rate because of the deletion of the zeros to support and sustain and allow for the minting and use of coins…

Mountain Goat – Dinar Guru    So, the US is now in Iraq in force. They are pushing to open these budgets and get these much-needed reforms and projects completed. …When will this occur?  It can’t be too long now since the demonstrators demand these payments [HCL] and now the US too is going to force this to happen. Will the CBI convince the US to let the later reinstatement process go ahead, if they pay out? The US will have to let it go since Iraq will have to issue the smaller of the smaller category notes and this initiates the process to delete the zeros that ultimately leads to the reinstate of the dinar for global trading. …What we don’t know is the exact timing and so we sit and wait. Again…I tell you we are in a VERY GOOD, unprecedented, never before since 2012-2013, window of opportunity to see this happen. I do not see this window coming and going like the others of the past. I truly believe this may be it…   [post 2 of 2]

Mountain Goat – Dinar Guru …the main thrust of the demonstrators in Iraq is for the GOI to live up to past promises…to payout on promised HCL (excess oil revenue) payments to the citizens. …This part of the HCL law was voted on and passed, then promised to the people in the summer of 2018, then again in fall. Then one last news article told us in January 2019. But still no payments have been made. Why?   It is because of the corruption in the government. They do not want to open the 2018 budget and now the 2019 budget, as done with other budgets since 2014…they know if they do open the budget it includes many reforms they will be forced to implement and pay for.   It has all been a fraud and a scam run by the corrupt Iranian politicians.  [post 1 of 2]

Dinar Investor – Jeff    News over the weekend told us this week…they are going to try to finish the Electoral Commission Act and submit the 2020 budget to parliament for the first reading…

Dinar Investor – Jeff Article “Political blocs reach a final decision to choose a candidate to head the Iraqi government”  From what we learned over the weekend.  Mahdi and his cabinet will stay in place until the end of December.  Now the news is telling us the political blocks have reached an agreement on a new PM candidate.  That’s great news.  So what the the news is showing us is there most likely will not be a lapse in the PM.  It will just be out with the old in with the new.  Just a seamless transition from old PM to new PM.  And that’s great news for us.

Kaperoni – Dinar Guru  The only way we’re going to see an increase in the value of the dinar is to see laws passed to support a private sector and significant investment in the rebuilding of Iraq. Only then will we see the dinar begin to rise.

Delta – Dinar Guru   AN INTERVIEW TOOK PLACE ON 09/30/19…I JUST GOT IT…WITH GENERAL DIRECTOR OF FINANCIAL OPERATION DEPARTMENT OF THE CBI…Mahmoud Mohamed Dagher.  THIS DEPARTMENT JOB IS…implementing the monetary policy of the Central Bank of Iraq.  HE SAID THAT THEY LAUNCHED THE PROCESS OF  LIFTING ZEROS AND NEW LDS ON SEPT…AND MUCH MORE…

MilitiaMan – Dinar Guru   Article: “Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies…19th August, 2019”   This is a friendly reminder to all who still think that there is any question, as to they are going to raise the value of their currency. Central Bank and Parliaments words not mine. They clearly mention coins and small category notes in support of them doing so... 

Mountain Goat – Dinar Guru   The currency auctions breed corruption and is one of the many sources of massive corruption of all this oil money and wealth of Iraq. Many skeptics still say that there is going to be a lop …this could not possibly be a lop and why this is the basis for us making millions if not billions off this as a long-term investment. ...Don’t buy into this investment if you are wimp and can’t stand the pain of the constant stream of good news then bad news from the Central Bank of Iraq. Since my initial investment in the dinar in 2006 I have learned so much. I would not still be here if I did not have total faith that someday this currency will revalue by having the OFAC sanctions lifted.