Dinar Observer Daily

Kaperoni – Dinar Guru  An interesting article…refers to the CBI making a courageous decision to control the movement of funds in February 2020.  Could this be referring to accepting IMF Article VIII?

Mountain Goat – Dinar Guru   Are these demonstrations in our favor? Will they help get the RV?  Yes and yes. Just think if it. We know there is massive corruption in Iraq especially through the currency auctions…WE know we can’t get the RV unless this corruption is fixed. So at least something now positive is going on to fix it. It may take longer than we want but this is all we can do.

Mountain Goat – Dinar Guru   Article:  “PARLIAMENT WILL VOTE ON THE SECOND REFORM PACKAGE”  The House of Representatives plans to vote on the second reform package in the next few days that was, in part, called for by the demonstrators. Will this include currency reform and the project to delete the zeros?

Kaperoni – Dinar Guru   Sounds like current Prime Minister Abdul Mahdi may resign during parliament tomorrow.

Chattels – Dinar Guru  The Parliament seems to be attempting to implement some reforms in order to avoid the chaos of a caretaker government and new elections, but is it too little too late?  Other parliamentary governments have certainly survived the failure of a government, but this is unplowed ground for the young Iraqi democracy.  Will Iraq survive it all? Tune in tomorrow as the “Iraqi World Turns” in the “Dinar Days of our Lives”.

David M. Witty – Dinar Guru  In Iraq, Muqtada Sadr calls for PM Abdel-Mahdi to resign, followed by early elections. PM refuses. Sadr calls on leader of Fatah Coalition, Ameri, to assist in removal of PM. Ameri says he will cooperate with Sadr to achieve goals of Iraqi people.

Mountain Goat – Dinar Guru   So, we have almost reached the end of October 2019 and still no RV.  …I talked about the US OPAC sanctions and how they are impacting our ability to go to the bank and exchange. But remember also we need the rate on FOREX. This too is very important for us…Once the sanctions are lifted, I am sure the project to delete the zeros will follow and then the reinstatement will happen quickly and we will be at the banks exchanging almost immediately afterwards. 

MilitiaMan – Dinar Guru  Article quote:  “…the celebrations were special in Baghdad by fireworks to celebrate…”  Interesting the celebratory tone in this article…That sort of wording sound like a good thing not a bad thing… Could they have been told about and or shown the small notes and or depictions of them and this is the start of big things to come? Fireworks would be in order for that IMO…

Chattels – Dinar Guru   Guru quote – ” …the RI will bring forth peace, prosperity and security. They know an international value related Dinar of a fully compliant Article 8 currency will bring all of those things… ”  The magic of the dinar is a panacea for all the ills of Iraq? Not likely.  It is more likely that peace, prosperity and stability may yield an increase in the value of the dinar.

RVAlready – Dinar Guru    Wow. Baghdadi dead, GOI possibly disbanding, CBI close to RV, reforms to go forward, replacement government. This could be good for everybody. Maybe the replacements will represent the citizens, and not part of the corruption

VitalBrad – Dinar Guru   …Some big Middle Eastern news just came out.  Donald Trump tweeted…”Something very big has just happened!”… [article] “ISIS leader Abu Bakr al-Baghdadi Believed To Have Been Killed” … I believe this is another big victory to getting closer to Iraq’s currency restored.    That whole region needs to be back in balance.  Turkey, Syria, Iraq Iran.  There’s still a lot of chaos going on over there in that whole region and we need peace.

Dinar Investor – Jeff   …Iraq can’t wait too much longer.  If you look at the demonstrations people are getting frustrated.  People want the government to fulfill their obligations to the citizens.  They’re looking for improved lives.  Purchasing power.  Better government services.  Healthcare.  Jobs.  Better housing.  Better lives.  The government has promised them all that but the government can’t deliver that until the rate change…the governments hands are tied because external factors are in charge of the timing of the rate change.  It’s that simple.  There are not a lot of steps left for Iraq to do.

MilitiaMan – Dinar Guru   Even if an interim GOI is installed or not this gets done…I am somewhat surprised Mahdi hasn’t seen by now that since they haven’t yet RI’d just yet, he is ineffective and will be going forward without it. They don’t RI he will be the loser, he resigns he will be a loser. The only way out imo could be,  is for him to make sure there is an RI and quite quickly too. So, let’s see what the week brings. An emergency or extraordinary meeting is said to be slated for Monday…   [post 2 of 2]

MilitiaMan – Dinar Guru    I…see the demands of the people are well orchestrated, not as openly obvious as most would like. However, the next move is from the more affluent citizens. The professional level calling for to demonstrate tomorrow adds to the pressure to get the RI completed…They IMO know the RI will bring forth peace, prosperity and security. They know an international value related Dinar of a fully compliant Article 8 currency will bring all of those things…  [post 1 of 2….]

ChrisC – Dinar Guru  Article:  “Barham Saleh holds an emergency meeting to discuss the dismissal of the government and the announcement of a transitional government”   If you really look at the situation, this could have been predicted but is even more bold than I had anticipated.  Remember the picture of him talking to Trump?  Wasn’t it this very guy that Trump said we have some really important things to talk about in private?  …I bet Trump had every person already picked for another govt., they just needed the people to make the choice of getting rid of the old one.  I told you these guys are masters of this move.  They come in and save the day and the people say “who was that masked man?”.

David M. Witty – Dinar Guru    Iraqi high level political source: Iraqi PM Abdel-Mahdi will resign due to protests. 

Mountain Goat – Dinar Guru  …This is why Iraq has the currency auctions and must continue the auctions until the OFAC sanctions are lifted. …The bottom line is the US must lift OFAC sanctions against Iraq or the banks will not be exchanging our Iraq dinars. This is something as dinar holders we all need to be aware of and look for… this has nothing to do with UN Chapter VII sanctions. These are in-addition to the UN sanctions. This is in dealing with the US banks.

Mountain Goat – Dinar Guru   What are OFAC sanctions?  The US Office of Foreign Assets Control (OFAC) is responsible for creating, implementing and enforcing the United States’ sanctions…All of the following types of financial transactions should be reviewed for OFAC compliance: Deposit (checking & savings) accounts, Loans, Credit Cards, Wire transfers, ACH transfers. …Iraq has already prepared themselves for the day when these sanctions will be lifted. But not yet.

Mountain Goat – Dinar Guru   …what is holding up the reinstatement of the Iraqi dinar. We heard news in December 2017 that…UN Chapter VII sanctions has been lifted…Many were excited and hoped this would also release the currency…that this would free up the monetary system for Iraq and allow them to reinstate the currency. But this is NOT the case and here is why. In the recent past I told you it is the US that is holding up the final steps… let me show you now how the US is involved in holding up the reinstatement of the Iraqi dinar. OFAC Sanctions…

Kaperoni – Dinar Guru    The truth is the riots and protests are escalating in Iraq. Civil unrest is becoming evident. Iraq is doing everything It can just to keep things from falling apart. No reforms, no investment and no laws are being passed.  If and when there is ever any currency reform it’ll be when the country is stable, the laws are passed to invite in foreign investment, people are working, and Iraq has something to export other than oil. Only then can the CBI create the conditions to allow the currency to rise.

BGG – Dinar Guru … It’s like watching their elected leaders play this nutty game of “political twister” trying to come up with something that will stop these demonstrations… without actually doing what the people are asking for.

I’m all in favor of the demonstrations – it’s not bad. It’s a good thing for us.

They didn’t ask for “special grades”, a few educational handouts, goofy loans for young people or a ministerial “reshuffle”… NONE OF THAT.

Two of the major things they asked for are simply being shrugged off – which is why they are back at it again today.

Item 1) They want the corrupt held accountable.

I have some thoughts as to why this point is still being stalled…

Item 5) They want the currency auctions stopped.

This has been a source of VAST corruption. If they respond to this demand, it is likely a very good thing for investors.

Kaperoni – Dinar Guru  Article quote:  “Large-scale demonstrations expected to take place October 25, 2019 after Friday prayers.”   The protests are ramping back up for tomorrow in Baghdad and throughout Iraq this could get ugly but hopefully it’ll stay civil. We don’t need more setbacks in reforms.

MilitiaMan – Dinar Guru    Article:   “The Minister of Finance signs a Memorandum of Understanding in Washington with the World Bank”   It sure looks like the Big Boyz have dotted some I’s and Crossed some T’s and it couldn’t have come in a more timely manner, especially for the INTERNATIONAL INVESTORS to kick start the party. That party needs workers not unemployed demonstrators. International Investors need a rate that is internationally accepted. …the reforms to have merit they need a rate, just as we await the depictions of the new medium of exchange to go along with that internationally accepted rate (NSCN’s, Coins and or Fils) . imo Things are very exciting and we all should be pleased to see the way it it unfolding now…imo!

Kaperoni – Dinar Guru  I hope people realize there’s no such thing as an NDA when it comes to dinar…

Mountain Goat – Dinar Guru   Taken from this site [below site link and image] on Tuesday Oct 22, 2019, Iraqi Dinar is at 84 cents sell rate (bid), but unfortunately the buy rate (when the banks buy it from you) is still 1/8 of a penny.  You can see where they are going with this currency and what the rate will probably come out in Iraq once they delete the zeros.

David M. Witty – Dinar Guru   Iraqi PM Abdel-Mahdi to address nation tomorrow, one day before planned protests.  He will discuss a number of reforms.

Mountain Goat – Dinar Guru  …We know that there are three lists of demands by the protestors. The first list included a demand to do away with the currency auctions…So, do they have plans to do away with the currency auctions any time soon?  Yes…Can this all happen any time soon? Yes, it can and very quickly if there is permission to do it…If I were to guess I would say that they are waiting for the January 2020 timeframe, as we know for sure this is the best time to reinstate the currency due to accounting issues.  The demands of the protestors might make this happen sooner than later. We just have to wait and see.

Kaperoni – Dinar Guru   [does the price of oil have anything to do with Iraq adding value?] No. The price of oil is only relative to their budget because 50% of their budget is state salaries and the rest of it is operational expenses. So having consistent oil prices is important so that they can meet their budget every year.  Iraq still hasn’t delivered the 2020 budget [to?] Parliament for review and passing. This is a unique budget because it will include a government/private sector partnership to launch the market economy which could include up to $70 billion dollars additional expenses.

Mountain Goat – Dinar Guru   5. part of the protesters demands is that they are sick and tired of promises by the GOI, finance committee and the CBI. They now want action and their demands fulfilled. This could be in our favor to pushing the US to approve the final steps of the project to delete the zeros. …The request to continue with the “project to delete the zeros” has been made many times already and it has been stalled over and over again…This project includes ending the currency auctions and using the dinar globally for trade. It also includes eventually reinstating the dinar, repegging it, then placing it on the open-market currency trading platforms and placing it on a float. This is when we go to the bank. [post 2 of 2]

Mountain Goat – Dinar Guru  what do we do know for sure? We know this:  1. to assist in developing the private sector initiatives in Iraq, they will need a viable currency and be on a level trading platform with the rest of the middle east and the world;  2.  the private sector in Iraq will not take off until Iraq brings back its currency;  3.  the CBI is ready to move ahead and has completed all banking reforms and progressed to the point of just waiting to issue the smaller of the smaller category notes at the banks;  4.  corruption along with stalling by the US government to give permission to Iraq is the down side. The US is using the reinstatement as leverage to get what it wants from Iraq;  [post 1 of 2]