Dinar Observer Daily

Kaperoni – Dinar Guru   You cannot stop currency auctions until you have something to replace it. The auction is what keeps the stability of the currency. Until Iraq accepts Article VIII, the dinar is traded globally, currency auctions will continue. Auctions also serve as revenue generator for the CBI…

Mountain Goat – Dinar Guru   We have read over and over again that they need to get the POS (point of sale) machines and ATMs (Automatic Teller Machines) up and running and most importantly for the citizens to use them. This is all part of the “project to delete the zeros”. So far, they have been very successful and are even currently paying almost 80% of the payrolls now to the citizens via electronic means. They want to soon get close to 95% by the end of the year. So the BIG push is on…  Later yes, these cards can be used overseas or out of country to also conduct international business but they will need FOREX to determine the rate for the conversion…

Dinar Investor – Jeff    The formation of the government…has everything to do with this and that’s what the delay is…the number one thing…you want to keep your eyes on is the formation of the government.  That’s what’s letting you know when you’re reaching the finish line…Back on February 27th of this year Iraq had a key meeting called the National Meeting.  All the members of government were present.  One of the things they did was…celebrated being a brand new “unified” country…three days later on Saturday an article came out stating Iraq is now “unified”…back on that “five year delay” article from 2014 the CBI stressed that they would not delete the zeros until Iraq had political stability…making the formation of the government the linchpin to the rate change…    

MilitiaMan – Dinar Guru  Article: “The Kurdish delegation’s visit to Baghdad will discuss the return of the region’s share of the budget to 17 percent”  So it looks like they are going to put this issue to bed finally!! I like the time line they have too. Seems to fit in line with all the education they have had on going.  All the pressures from so many angles are noted that support that everyone is ready for them to complete reforms and open up to the world by twining Baghdad and Kurdistan regions into one cohesive body working for all the common good. That time frame they give is immediately after Eid Al Adha… That time frame is upon us so very shortly. Eid is over this week our time… So, I am not in any hurry to poo poo this meeting. The timing of it is in my humble opinion to be right on schedule… A big window this weekend! imo.

EHankins – Dinar Guru   Article:  “An Iraqi passenger arrested in Al-Shalamjah port in possession of 2.5 million dinars.”   In my opinion this person knows that the dinar is about to Skyrocket in price real soon …why take a trip now and pay the expense for a long stay out of country …

Dinar Investor – Jeff    Regarding 800 numbers.  That’s all…nonsense…disregard them.  There are no 800 numbers.

Chattels – Dinar Guru    Abdel Mahdi is not going to be removed by Parliament, IMO. …What, if any, impact does a possible change in the Prime Minister have upon our liquidity event? Who knows?  Arguably, displacement of the Prime Minister bespeaks continuing political instability and is not currency value friendly.

Kaperoni – Dinar Guru  …There is no way the dinar can substantially revalue..especially at $3+.  Iraq simply has to much currency in circulation…It is simply impossible for such an event to occur.  An RV or RI even at 1 to $1 is not possible with 42 trillion dinar in circulation.  That is 3 times the worlds money supply.  Iraq could never afford such an event.  The only possible solution would be a slow growth via a float as investment comes into Iraq to offset pressure/inflation.  They then could collect dinar as it gradually appreciates reducing the money supply and liability. I know, the speed or rate in which a currency appreciates is based on the pressure created on the financial system which is controlled by the amount of investment. So the faster the investment or greater the investment, the faster the appreciation will be of the currency.

Vital Brad – Dinar Guru   …So we heard Iraq’s going International.  They can use their currency in other countries.  We hadn’t heard anything on it yet…until now.  Union Bank of Iraq came out with information on their new pre-paid MasterCards.  “Employees of private or public sector can receive their salaries through the MasterCard from the ATM of the bank or any other cashier inside or outside Iraq…”  This is a huge step for Iraq.  They are getting automatic payment systems…They can use their cards anywhere MasterCard is accepted...this is a big huge step for them…I think it’s time for a rate change – in my opinion…it might be a real interesting week.  We’ll definitely keep our eyes [on it] to see how it unfolds…

Dinar Investor – Jeff    Do you still think it’s going to happen around September 21-22?  The answer to that is heck yeah.  The facts keep supporting that…The information and the facts is getting very predictable.  It’s scary how easy it is, for me at least, to target this thing right now.  I feel very confident about what I’m sharing…

Mountain Goat – Dinar Guru   PROGRESS OF THE REINSTATMENT…the FIRST parliamentary session of the year was supposed to end at the end of June. We were all disappointed when we did not see the reinstatement when July arrived. Previously they told us the reinstatement would happen by the end of the FIRST session. This was scheduled to end on June 30th. …Then they decided to extend the first session until Aug 1st not on June 30th.  …Later, just recently, they then told us the 2nd session would begin on September 3rd.  So using all this data they presented to us we can conclude that we can expect a window of opportunity somewhere between now and September 3rd. …My CBI contact in Iraq also agrees with this analysis. 

Kaperoni – Dinar Guru  Usually when a currency comes out and floats it begins at whatever the rate is at the time of transition.

Dinar Investor – Jeff   …I’ve only shared one date projection: the weekend of September 21st 22nd…I want facts to lead you up to that date. I don’t want you relying 100% on my opinion…what I’m trying to share with you is…how in-depth I think.  That’s how I came up with a date…I just don’t give you a date.  My dates are very thoroughly studied…I’ll pretty much know the week it’s going to happen and I will let you know the week that’s going to happen.  The way I study this and the way I analyze this…they’re not gonna hide this from me.  I will know from their actions in all these different movements when it going to happen…This thing’s walking you up to the month of September right now and it’s really more the second half of September than anything.  It’s because they need to walk into 10-1 with that new rate in hand…

Larrykn – Dinar Guru    [Anyone heard of an article from Union Bank of Iraq about salaries being deposited in the iraq citizens master cards...]  …everyone thinks because they are using the cards the rate change is here…its not. not till they go into Art 8 and change the rate at the CBI…they are not in Article 8 yet.  they can put it on the card but until they change the rate it doesn’t affect us…once they change the rate then you can get excited.

RVAlready – Dinar Guru   There is an article from Union Bank of Iraq, telling them they can have their salary deposited to the MasterCard… and withdraw it anywhere inside or outside Iraq. Whoopi!!!International!!!

Dinar Investor – Jeff  …remember…the formation of the government is the linchpin to the rate change.  Now they have told us in the news they plan to try on finishing the formation of the government during the month of September…  Now…accounting period for 10-1, you’ve seen a ton of articles talking about money, money, money… They are setting the stage for this thing...they’ve got to walk into October with a brand new rate in hand.  Keep your eyes on September. You’re waiting on them to set the stage and then they’re going to do it.   [post 3 of 3]

Dinar Investor – Jeff    So now as we progress through the first half of the year…again they were not working on the formation of the government at all.  What they did January to the end of June was set the post rate change stage for the country of Iraq.  The stage had to set in 2 ways…the first half of the stage was set for the country of Iraq and that was January through the end of June.  Then as we transition into July, that’s when you started seed boat loads of articles talking about Article 140, the HCL & Kurds meeting with Baghdad.  All of that was Iraq setting the post rate change stage for the citizens and then they even brought cleaning up the corruption into the mix too.  Don’t worry about that..that will all get done in due time, it’s not a problem.  But, you can’t have your big event…until you’ve got your stage set.  That’s what you’re waiting on.   [post 2 of 3]

Dinar Investor – Jeff   IMO…when you’re setting the stage for a big event you can’t have that big event until the stage is set…that’s really all what you are waiting on is for them to set the…stage & then it’s game over.  So, going back to 2014 the CBI made it very clear that until Iraq achieved political stability they would not change the rate or delete the zeroes…  Now let’s fast forward to 2019…at the beginning of  ’19 they did not start working on the formation of the government, they went straight into setting the stage.  At the beginning of  ’19 they told us that in the budget they would have monies for HCL, Article 140, all of that…  What they are telling us…is that the 2019 budget has post RI monies and that they anticipate or plan on changing the rate within the year 2019.   [post 1 of 3]

Kaperoni – Dinar Guru  People need to get over the idea of a “revaluation” of the Iraqi dinar.  It’s not happening.  Not how monetary policy works.  Just look at other emerging markets.  Iraq plans to include the significant increase in spending ($70 billion) in its 2020 budget.  But will investors come and participate?  Iraq has about 4 months to pass the laws needed to encourage investment along with passing the 2020 budget.  We will see if they can get this done. So what happens if they pass the laws and budget and nobody invests in rebuilding Iraq?  Interesting question.  Time will tell if the free market economy is a flop or not.  In either case (investment or not) there will be no overnight “RV or RI” of the dinar.  What we can expect is similar to Egypt..which is a gradual increase (8-15% a year) via a float. But only if investment comes and creates pressure on the banking system.

Chattels – Dinar Guru   [Do you believe it will happen one day?]  I am here because that is my belief.

Dinar Investor – Jeff    …Notice the corruption news didn’t really start until about mid July…suggesting to me that they started making their moves on the corruption most likely towards the beginning of July.  Yes we do need to see the corruption come to an end because that’s a huge factor and layer of the political stability that the CBI is seeking before they’ll even agree to delete the zeroes or change the rate.   …I think most of it is probably already dealt with and all you are just hearing now is the aftermath of it within the news.  …the progress is probably further along than we are privy to know.   [post 2 of 2]

Dinar Investor – Jeff   Let’s talk about corruption, IMO…there’s no way that any type of legal authorities are going to give criminals the upper hand…they’re not going to come out and say we are going to file sanctions against you or we’re going to freeze your assets or arrest you…they’re not going to do that.  Well, that’s what you are seeing in the news right now.  Articles are coming out saying we’re going to put sanctions on this one…there’s no way they would release that information prior to making a move or enacting on the person...if they did they would give the upper hand.  [post 1 of 2]

Future – Dinar Guru   ...Iraq has said the notes [3 zero notes & lower denominations] would CO exist…iraq has no hyper inflation…they have kept inflation at bay for years…so…Iraq and Iran arent the same…there are different types of scenarios with redenominations that pertain to certain countries issues…will Iraq gain more purchasing power? of course when they revalue substantially.

Mountain Goat – Dinar Guru   [I read that an interm CBI head has been appointed but not fully confirmed…]  new CBI director is confirmed and ratified last Thursday by parliament. Effective Sept 1st when Alaq leaves. They are transitioning now until then.

Kaperoni – Dinar Guru   …Iraq is planning…a market economy, stock market and private sector…investment will fuel the growth of Iraq and allow Iraq to prosper.  What can happen is Iraq will transition to a market economy, create a private sector and achieve billions in foreign investment.  If it happens, that will drive the currency (dinar) value up gradually.

Dinar Investor – Jeff    I told you that they have some key laws…3 laws…Article 140, HCL and the Federal Court Act… that can only happen after the rate change…Article 140…has been on the books and ready to go since 2005… why would they have been just talking about them instead of enacting them.  It’s very clear we are waiting on a rate change. But now they are telling you they are going to try and tackle them starting in the next legislative term which is September…September is coming together right before your eyes…IMO… [post 2 of 2]

Dinar Investor – Jeff   Article quote:  “…noting that the House of Representatives is determined to enact the outstanding laws 15 years ago, the most important oil and gas and the Federal Court…”  The article tells you that these laws are 15 years old…waiting and pending to be enacted…   And now they are telling you in the news that Parliament is going to try and get these laws enacted in the next term which starts in September.  Since July I have put a large emphasis on September for many reasons and now you are starting to see September come together before your eyes…  [post 1 of 2]

Mountain Goat – Dinar Guru    First what did the Parliament tell us way back in March 2019 about the dinar?  I quote from the article – “THE COMMITTEE WILL MOVE DURING THE CURRENT LEGISLATIVE TERM TOWARDS CHANGING THE FISCAL AND MONETARY POLICY IN THE COUNTRY in general,”  So from this news from parliament in March they planned to get the dinar reform done within the first legislative term. This term is just now ending.  It was supposed to end way back at the end of June but was delayed and they extending the session until now.   So technically the session can continue right up until September 3rd, even though members may now be physically in the house and on recess.  We see the next term starting on September 3rd. Is this maybe a window of opportunity for us to see some progress in the dinar reinstatement or will they postpone it to the 2nd legislative term?

Dinar Investor – Jeff    This is not my opinion.  This is fact…what they’re gonna do is yes they’ll delete the zeros to replace larger notes with smaller notes and coins.  What they’re gonna do is increase the exchange rate just as they told you on March 20th of this year...what that does is add value to the currency to give purchase power…that’s how simple it is…they’ve also told us the two currencies will coexist together at the same time.  Meaning a 25k note will maintain its value and a 25 note will maintain its value.  They coexist together at an increased rate… [post 2 of 2]

Dinar Investor – Jeff     Delete the zeros can mean one of two things…It’s based on a country’s economy and where their economy and where their inflation is at…some countries…had a poor economy with high inflation.  So what they would do is replace larger notes with smaller notes and they don’t change the rate. What they’ve essentially done is devalue the currency that eases inflation.  That’s one scenario.  Second Scenario which is what the Iraq Central Bank has told us they’re gonna do… [post 1 of 2….stay tuned]