Dinar Observer Daily

Dinar Investor – Jeff   Yesterday Iraq’s parliament completed the Election Law.  That’s the first real step that they’ve actually been able to complete in the way of reforms for the citizens due to the demonstrations.  What they’ve done through the Election Law is it only pertains to their Parliament.  They’ve reduced the number of seats from 329 down to 213 seats within parliament and they’ve reduced the age of nominees down to 25.  Overall that’s going to work to satisfy the demonstrators to a small extent.  They’re calling this reforms.  In a way it’s kind of sad but this so far is the best item that they have actually been able to offer…you can clearly see their [parliament and the GOI] hands are tied and they’re waiting on that rate change…

Delta – Dinar Guru    …IQD EXCHANGE RATE IN MARKET IS DROPPING LIKE BEFORE.   IT WAS…1218.  NOW 20 MINUTES AGO…1205-1207 IQD PER $  …GOOD JOB CBI… [Where is this info Delta?  I can’t find it.]  FROM IRAQI MARKET…YOU WILL SEE IT PROBABLY LATER TODAY.

Mountain Goat – Dinar Guru   …As investors we should not be in such a hurry to see Mahdi go. Think, think, think of the negative as well as the positive ramifications. Mahdi resigning is NOT a good thing. It could lead to yet another vacuum and only make things worse for Iraq and us investors. Do you want the RV sooner than later?…

MilitiaMan – Dinar Guru    The MR’s have to get done…And now that appears to be the case they will…don’t let the GOI issues reflect against the CBI. My view is Mahdi and the Finance Minister may have finally given Alaq the green light… They cannot afford to lose control of the  internal fluctuations in the exchange rate going south any more than what it has. So all things interlinked imo bodes so very well for us..imo. [post 2 of 2]

MilitiaMan – Dinar Gurur  The Finance Minister, Alaq and Mahdi in the same room for what? We all know what the implications are. They are talking money and how that will effect the demands of the citizens and their purchasing power…imo.  The timing of it is no coincidence imo…The CBI probably told the Finance Minister and Mahdi to get the lead out…they all know that this should have been done a along time ago…and now they apparently know they painted them selves into a corner and the demonstrations proved it. [post 1 of 2]

Dinar Investor – Jeff   …They’re putting the last piece of the puzzle together which is that 2020 budget.  Now who’s in charge?  The person in charge is going to have an agenda.  And how does this benefit them?  …who poured trillions of dollars into Iraq?  Who shed blood for Iraq?  …Donald Trump must be in charge.  What’s his agenda?  How does he gain from this?  Well he is rerunning for president.  What’s his political theme? …A strong economy…the revaluation just injects billions of dollars into our pockets and back into our economy that promotes Trump…

MilitiaMan – Dinar Guru   Article:  “Parliamentary Economic: The 2020 budget includes unprecedented reform clauses”   I like the way they translate things… lol… The incomplete budget law for 2020 until now...In other words it is now complete. I’ll bet the meeting with the KRI talking about PERMANENT REVENUE SHARING could fall under the category of unprecedented reform clauses,e.e., read HCL…My best guess is it is apart of it. The now completed 2020 Budget was scheduled to be completed with out disruption. Imagine that? Wow! From the sounds of things the attendance was stellar today… Many things lining up and even in some areas cooling off…IMO.

Delta – Dinar Guru …LET ME EXPLAIN…THERE ARE SOME REFORMS THAT WILL TAKE TIME BECAUSE THEY DEAL WITH CONSTITUTION.  BUT AS FAR AS REFORM THAT DEALS WITH MONETARY POLICY… THIS WILL NOT TAKE THAT LONG…IMO…MR IS READY TO GO…

MilitiaMan – Dinar Guru   Reforms are slated to be addressed as early as tomorrow… I’ll be oh so very watchful over the next couple of days. I have not seen any postponement yet on the Fair. If you recall there is an annual conference in Great Britain on 12/08/2019 with many and more of the names above. If the Fair on the 11th is to be successful ahead of that one in GB, they’ll need reforms in the bag by then for those attending on the 11th…We shall see.  IMO.   [post 2 of 2]

MilitiaMan – Dinar Guru   I am not sure there is the Baghdad Fair starting on Monday or not. They had it scheduled for the first and the put the 11th on the time line.  …Well there are some heavy hitters that were in the KRI (Kurdistan Region) talking business and what stands out are a few things. 1) Security, 2) Electricity, 3) Accounting and auditing, 4) PERMANENT REVENUE SHARING and they are to continue onto Baghdad. All of this during the demonstrations having been on going. Investors of the caliber they mention are GLOBAL…  [post 1 of 2]

Delta – Dinar Guru  …ALAQ AND FINANCIAL MINISTER WITH MAHDI…IMO…GATE IS ABOUT TO OPEN…

Kaperoni – Dinar Guru   Latest CBI reporting on the Market Rate is 1218.  This is as of Nov 6.  No new updates yet.  This number is out of compliance.  Unofficial media today reports the spread as back in compliance.  Keep an eye on the reported Market Rate as reported by the CBI…

Vital Brad – Dinar Guru  …we hold Iraq’s currency.  We want to see Iraq doing well.  We don’t want to see protests.  We don’t want to see violence.  We want to see them standing on their own two feet.  They’re working through that.  Change is happening.  As their country improves and times goes on their currency is going to be an included world currency…

Mountain Goat – Dinar Guru    …They also need to convert the economy so that the banks could make revenue by other banking practices and ween off the currency auctions as their sole source of revenue… I will not get into the necessity to get rid of Iranian influence. …So, here we sit and wait and wait. Will these demonstrations pan out for us investors? Will this finally be the breaking point of these corrupt officials to give up the currency? …We can pray that this is the final straw that will break the camels back.    [post 2 of 2]

Mountain Goat – Dinar Guru   …they know exactly what must get done but the corruption is so high in the government they can not ever execute on it at the level they need to make any real progress…So, my point is – they need to kick off the currency reform, get rid of the currency auctions and openly trade their currency on the global markets. They know it and we know it. So why has it not yet been done?  It is way overdue! I don’t want to sound like a broken record but there are billions of $$$ being make off of NOT doing the currency reform.  [post 1 of 2]

MilitiaMan – Dinar Guru   Article:  “The government agrees to open a consulate in the US state of 100,000 Iraqis”   Quote:  “The US State Department on Thursday approved the opening of a consulate-general in Texas to provide consular services to more than 100,000 Iraqis.”  Interesting there were many things associated to Iraq out of Texas, since I have been in this.. Currency comes to mind too. hmm.. I wonder if reforms to come will have much to do with this coming about? 

Dinar Investor – Jeff  …Parliament literally is not holding sessions and getting anything credible done because the things they need to do they can’t do until after the rate change…the current facts are telling us that at least right now the next thing we’re looking to see is the completion of the 2020 budget…my personal opinion that shortly after they finish the 2020 budget it’s game over.  And the news is showing we probably don’t have anything else to wait for after they complete the 2020 budget.  I firmly believe based on the current facts that that will be the last step before they indeed change the rate…

MilitiaMan – Dinar Guru   They have been in sessions working on that very topic and again they speak of the 2020 budget being for the citizens and their demands. Those items are slated from now through this weekend...So, lets see how this next 24-72 hours plays out. My best view is they are still right on track with completion of reforms. …A successful fair will set the stage!! The tools they have in the quiver to create success is the rate change!

Adam Montana – Dinar Guru   …the exchange rate is stable in spite of the confusion. I can’t imagine a more solid argument for Iraq’s future than that! WTI oil pricing is stable.  The work that was being done hasn’t backtracked – it’s just paused. Progress made has not been lost – just paused.  …the situation will work itself out, and we’ll be back on track shortly…keep your head up and stay positive. This train is still heading the right direction.   [post 2 of 2]

Adam Montana – Dinar Guru   Iraq isn’t in the best possible spot this week…we are nearing a month of protests. Mahdi has promised to resign once a successor is named. They are working on a new election law that will likely eliminate a handful of positions in the GOI, and thereby reduce a bit of the corruption. Bad news – nothing is happening immediately. It appears that things are settling, but realistically this is going to take a couple more weeks.  On the positive side…  [post 1 of 2]

Dinar Investor – Jeff   Article “President Barzani:  Iraqi PM Mahdi needs to be given ‘more changes’ for reform” …this article is so revealing.  It screams at you from many angles – rate change.  They’re even telling you the steps that are waiting on the rate change right in this article.  This was a great article…

Dinar Investor – Jeff  Article   “Iranian Embassy Set Ablaze in Karbala”  Quote ”  …protesters set the Iranian consulate ablaze in the holy city of Karbala…they then scaled the walls and replaced consulate’s Iranian flag with that of Iraq.  U.S. President Donald Trump on Monday retweeted two videos from Saudi-funded newspapers that showed footage of the event… According to the Iraqi High Commission for Human Rights, at least 257 people have been killed, and more than 10,000 wounded, since protests began.” [Post 2 of 2]

Dinar Investor – Jeff   Article   “The New York Times: Iraq Is Rising Against The Hateful Iranian Occupation”   …the news talks about an Anti-Iran uprising in Iraq.  Quote “more than 200,000 Iraqis marched in Baghdad in the largest demonstration in Iraq’s modern history, protesting against the Iraqi government and a foreign occupier – this time Iran, not America…”  “The revolution is not Anti-American, it is anti-Iran, anti-religious – anti-politics, says Saad Iskandar, the former head of Iraq’s national archives.”  [Post 1 of 2]

Mountain Goat – Dinar Guru    So this was a measure also put in place with the expectation that this actions would someday coincide with the currency reform…It is the hold up of much progress in Iraq…  I believe we are in a VERY GOOD position to see a rate change of the Iraqi dinar sooner than later. But remember Iraq is still on the OPAC sanction list and so the US will have lots to say if the dinar gets back on FOREX. We don’t go to the bank unless its on FOREX. There is a pot of gold at the end of the rainbow for us, we just have to get through the storm first. Relax the storm will end and we will see that pot of gold…  [post 2 of 2]

Mountain Goat – Dinar Guru  …This past couple days Iraq met with the UN…the UN has stepped in and threatened that, if the killing does not stop, Iraq may re-enter back into Chapter VII. We know that Iran would luv this to occur as this would mean continuance of the currency auctions…So to meet some of the demands by the protestors, a decision has been made to finally pay the citizens their monthly HCL allocation… Remember also that HCL money, when paid out, has to be paid out at a rate over $1.00 USD. There is no way to get around this. [post 1 of 2]

Dinar Investor – Jeff  …the news is now suggesting to us we are very close.  They’re now talking about the reforms.  They’re talking about amending the Constitution.  All of these steps are post rate change steps…a little more time is needed because all of this involves money…we’re waiting on that [2020] budget.  But when you look at the news it does show you we’re very close…

Delta – Dinar Guru  …this was posted on the Warka Bank website. “The par value is 1.00 IQD“ and it was printed in the Saudi Arabian newspaper.  It’s Warka saying the par value of one Iraqi Dinar is [equal to] ?X?X  …we have a Saudi Arabian newspaper that caught on and said look this is Warka and they’re showing the Iraqi Dinar at 1 dinar.  To What?  The answer is to the American Dollar IMO…

Dinar Investor – Jeff   Article   “Adel Mahdi explains to an American delegation his ‘reformist’ project and outline its points’  …Iraq is meeting with the Americans to discuss the reforms.  What they’re showing you guys is that they cannot implement these reforms and really provide for the citizens [because] their hands are tied.  They’re pretty much as high an dry and as desperate for the rate change as everybody else.  Iraq cannot take care of their own citizens until the rate change. They’re basically telling you guys that they’re waiting until that 2020 budget gets approved because the money has to be allocated for everything…

MilitiaMan – Dinar Guru  Article:  “Exchange rate stability”   They are telling the world…that they have achieved monetary stability for foreign investors while suggesting they’ll have a fixed exchange rate. One that will be supported and with little fluctuation. A stable environment in a narrow range of speculation, allows for an attractive environment for foreign investment!!  Just what IMO has been expected by foreign investors for almost tens of years or more, therefore, a strong rate means out of the gate to be good one. IMO. They have stated the Glory Days is a potential goal of theirs.

MilitiaMan – Dinar Guru   Article:  “The work opens the door of new inclusiveness for a full-time appointed salary”  They are talking about 24 hour service and getting text messages as an alert and in all provinces by way of Mastercard… let’s recall they are going to be effectively more of a cash-less society… Did we not here about the CBI moving money in all provinces recently? Full time salary… New inclusiveness!!  Timing of so many things coming together. Love it! IMO…