Dinar Observer Daily

Mountain Goat – Dinar Guru    Many of these stashes of currencies have been hidden for a very long time and are damaged and so the banks must have some standard to reject them. They will be turning them into the CBI and so they must follow the CBI. Folks this is a small indication but an important one that Iraq is getting ready to end the currency auctions andwhen they do we know they must use the Iraqi dinar for trade. When they do this they must raise the value and complete the project to delete the zeros. This is when we go to the bank and not before... [post 2 of 2]

Mountain Goat – Dinar Guru  “CBI SETS THE CRITERIA FOR THE REJECTION OF BANKNOTES OF THE DOLLAR AND THE EURO”  …so this article may not seem so important. But why are they now establishing such criteria and outlining this to the banks now? Remember this is for collection of the Us dollar and the Euro not the dinar. So if the dinar is reinstated and it is higher than the USD and the Euro won’t citizens want to bring these foreign currencies to the bank and exchange them (to get rid of them)?  [post 1 of 2]

Kaperoni – Dinar Guru   …people…won’t take the time to read what MCP is.  It MCP has nothing to do with multiple currencies. It has to do with selling rates for spot exchange transactions between the member’s currency and any other member’s currency such as dinar/dollar. And it must not deviate by more than 2 percent between buying and selling rates…understand the terms of the IMF.

Kaperoni – Dinar Guru   …about Article VIII.  If and when Iraq is ready, the IMF will hold a meeting and a press release will come.  They are not in Article VIII right now…

Adam Montana – Dinar Guru   … now is probably a good time to throw out a couple friendly Public Service Announcements… my friends, be SAFE and SMART when this happens!  1. Don’t hand your currencies to anyone outside of a financial institution or maybe a currency exchange! (Regarding currency exchanges, there’s almost 0 chance you’ll get the “best” rate there.)  2. NOBODY IS CASHING IN EARLY! 3. You WILL pay taxes… or face the consequences. [check with your tax professional at the proper time]  4. The initial rate *may* be the best we will get… or it may be wise to hold out for a subsequent raise. …be sure to keep a cool head when this goes down.

Dinar Investor – Jeff     We have seen more articles…since the beginning of July putting emphasis on both Article 140 and the HCL.  This is huge.  Both of these items have to do with post rate change…both of these steps cannot take place physically until after the rate has changed meaning they can only happen at the very end…they are literally waiting on the rate change.  …We are looking amazing…we have to let this play out…IMO.  The end of September is my personal window for this and you can see the facts are walking you into that period.    [post 3 of 3]

Dinar Investor – Jeff    We learned that Iraq is under Art. VIII guidelines.  They are not Article VIII.   Iraq cannot become Art. VIII until they change the value or rate of their currency and make their currency internationally recognized…that’s what they are waiting on to become Article VIII.  They are only under Article VIII guidelines and policies.  …They have told us at the beginning of this year that the HCL and Article 140 contained monies inside the 2019 budget…that’s fact…and recently released another article telling you…  [post 2 of 3]

Dinar Investor – Jeff   What’s taking so long…why are we waiting?  Since the beginning of the year I said we are waiting on the formation of the government…that’s because the Central Bank directly has told us that they delayed this entire thing because Iraq must have political stability…Now you see at the beginning of July they shifted gears and started going after corruption…so we are waiting for the corruption to be cleaned up and there’s a lot of current government proxy positions that end at the end of September…we are waiting for those to be removed as well.   [post 1 of 3]

Kaperoni – Dinar Guru   MCP or multiple currency practice is deceiving in its words.  It has to do with the price of goods.  And in this case with Iraq, its about maintaining an exchange rate between the Official Rate and Market Rate that does not deviate by more than 2%…It has nothing to do with using one currency.  Both the dollar and dinar will be in Iraq forever due to sale of oil.

Breitling – Dinar Guru    Question “There appears there will be a new governor of the CBI.  Is that good, bad or indifferent?”  It is indifferent.  Remember it is parliament.  Parliament has the Ministry of Planning and then they have the Minister of Finance and then…the CBI manages it…The governor of Iraq [CBI?} doesn’t have their own agenda…they’re managers…They’re independent but they’re managers and they’re given orders and that’s it.  It’s indifferent.  The agenda came from parliament.  Went to the Ministry of Planning and went to the Ministry of Finance and then goes up to the CBI.  So that hasn’t changed.  People don’t realize with the different factions they have in Iraq they all agreed they want to change the value of their currency…none of that has ever changed.

Chattels – Dinar Guru  Article “The central bank sells more than $ 229 million at a currency auction Thursday 01 August”…Contrary to Breitling, the auction(s) in Iraq have actually been a bit ” higher ” in volume…

Dinar Investor – Jeff    …The #1 thing we are waiting on is for them to have a completed government…that’s political stability…So that’s part of the 10-1, Q4 [Oct. 1 st, Fourth Quarter]…the amended 2019 budget starting 10-1, Q4, they have a new CBI governor to start on 10-1, Q4, they also have a new software stock trading platform that gets implemented on 10-1…    So here’s the part that’s my opinion:  I just rattled off a bunch of stuff pointing to 10-1 and we know we’re waiting for the formation of the completed government..they most likely will finish the formation of the government during the second half of September.  IMO, I strongly feel that they are going to change the rate and the end of September, probably the weekend of September 21, 22 because I fee they have to walk into 10-1, Q4 with a brand new rate in hand… [Post 3 of 3]

Dinar Investor – Jeff   …since the beginning of July you have seen tons of articles about Article 140 & the HCL…  All of that is post rate change & cannot be implemented or added to the constitution until the very end until they are ready to change the rate.   That’s why you are seeing it now.   So roughly 2 weeks ago the Kurds came to Baghdad & they heavily discussed the Oil & Gas Law and Article 140…What I am trying to stress is that for the Kurds to come and discuss the HCL and Article 140 that can only take place at the end because they can’t amend it, add it to the constitution or implement it until after the rate has changed…they have to save those items until the very end & it started at the beginning of July.  So now you are seeing them set the stage for the citizens...  [post 2 of 3]

Dinar Investor – Jeff     The intel I’m going to share is probably just about 100% accurate…It’s going to paint a pretty good picture of where we stand…  Everything that gives the citizens an improved better life is inside the 2019 budget suggesting that the rate was going to change this year in 2019 budget because they allocated money for it inside the 2019 budget. Iraq has been setting the stage for the rate change this entire year.  Setting the stage has to happen in 2 layers.  They have to have to set the stage for the country for the rate change & then they have to set the stage for the citizens for the rate change…   What we saw they they were setting the stage for the country during the 1st 6 months…   [post 1 of 3]

G-Lin – Dinar Guru   What I do know is the IMF pounced pretty hard on Iraq in this latest consultation. The corruption must be dealt with and the unrest with the Iran situation is worrisome to say the least. IMF has a hard time auditing the banks when they do not receive data. Auctions are huge again the last few days. Corruption galore. Most of that is from Iran. It will continue as long as they are financially crippled. They will manage to get their $’s.  …I think the majority have returned. Ali Abdul Amir Allawi was mentioned as new CBI director but nothing official yet.   [post 2 of 2]

G-Lin – Dinar Guru   Well it is clear that a general census will need to be conducted and a permanent constitution must be ratified.  I have always felt that the census needed to be in place in order for Art. 140 and the HCL to be activated…We have all been told by our dinarland colleagues over the last 10 or 15 years of this investment that there will be no increase in value of the dinar until Art. 140 and HCL are in place. I’m really not so sure of that opinion. It seems that they would need a strong and stable economic system to be able to apply needed monetary structures involved with Art. 140 and HCL. I don’t know.   [post 1 of 2]

Breitling – Dinar Guru    Question – “I understand Iraq slowed the currency auctions down does that effect their currency in any way and put pressure on the revalue?”  Absolutely it does.  And I don’t think it’s a coincidence that they’ve slowed the auctions down.  They’ve shrunk their money supply…people are having problems buying currency in the United States.  You can’t get it.  I know there’s the hype and all of that too but people don’t realize that Iraq is short in their currency.  They probably have a little bit more to go.  I really don’t know because it’s changed so much…

Adam Montana – Dinar Guru     There’s a lot of talk right now from the gurusphere… Article IV of the IMF, Article 140 with Iraq, HCL, Article VIII…The interesting thing about all this new Guru stuff out there? They are actually on the right path, for once… The IMF, GOI, and a few other sources are putting out some VERY high profile talk right now, and it’s too hot to ignore. We all know I can’t predict the date or the rate, so I won’t try… but I’ll say this again:  It’s too hot to ignore right now.  I am REALLY looking forward to some further developments on the latest, because I can’t remember the last time we had THIS much good stuff brewing all at the same time.  

Adam Montana – Dinar Guru   [They’ve come a long way since their 1st election in 2005…they still have a long road ahead. Recent developments will help smooth out some of the rougher bumps in the road.]   I think thy have a long road ahead BUT that is going to be the case regardless of when they change the value…

Jeff – Dinar Investor    …I’ve got an article showing…how Iraq has engaged in a Memorandum of Understanding with the U.N. to do the reconstruction in liberated areas…So this is just more proof showing you were at the end of the ride...  And remember Art. 140, which…some of it is giving restitution to the Kurdistan people/citizens …there’s money allocated for Art. 140 inside the 2019 budget.  That shows you Iraq has full intentions of changing the rate this year, in 2019 not 2020.   [post 3 of 3]

Jeff – Dinar Investor    …The reconstruction from the war has been outstanding for over 1 1/2 yrs. …because they can only use 1 currency to pay for it…the dinar.  The reason they have not pushed forward & restarted reconstruction is simply because their currency is not internationally recognized… It’s that simple…how can they pay outside contractors…to pay for it?  …They can’t.  They simply have to wait until it is internationally recognized which means they have to wait until the rate change occurs and their currency becomes internationally recognized.  [post 2 of 3]

Jeff – Dinar Investor   …Last weekend you had a chance  to see the IMF Article 4 consultation and inside of that it had comments about Iraq transitioning into Art. VIII and showing you how Iraq is currently under Art. VIII rules and guidelines per the IMF …that’s because Iraq’s got training wheels on right now transitioning into Art. VIII and they have been at that step for at least a year now.  And one of the key things you saw was that Iraq is under a single currency practice, MCP, which means they can only use 1 currency, their native currency, the Iraqi dinar.   [post 1 of 3]

Mountain Goat – Dinar Guru   Article: “IMF EXECUTIVE BOARD CONCLUDES 2019 ARTICLE IV CONSULTATION WITH IRAQ”   this also is WOW news!  This consultation was supposed to happen last Sept but was postponed due to not having the government fully in place. So now that we see this article on the results of it, we know that the IMF is satisfied with what government is formed and we can conclude for all practical purposes it is done…This is a very good indicator as to where we are. But is there anything else they need to get done? Also…they project such a high GDP in 2020? How will they accomplish this change in GDP without a real rate of their currency?

Breitling – Dinar Guru    …Trump is bitching about the Federal Reserve.  Why? Because all these countries are artificially lowering the value of their currencies so they can compete with one another…Trump is like, ‘Hey, we need to do that too or we’re going to get hurt here.’…Trump can’t get the Federal Reserve to lower the value of the currency  [U.S. Dollar]…the idea that the president has control over the currency, well that stops that debate right?  He’s begging them to lower interest rates.  So Trump doesn’t have control over our currency of whether it goes up or down he sure as shit doesn’t have control of Iraq’s currency does he?  So that will give you a clue of the reality of it…

Kaperoni – Dinar Guru    Iran announced today they are changing currencies from the Riyal to the Tuman and deleting 4 zeros.  That’s a Lop because of failed monetary policy.  Iraq is different because monetary policy has been a success in Iraq.

Breitling – Dinar Guru    [Question…”…it would seem Trump will be in office until 2024…how does that effect our situation with the dinar?”]  …The reason why it’s a good place for Iraq right now is because what’s on the table…Trump’s style is that you are not going to sit on the fence.  ‘Either you pivot toward us or you’re not going to participate’…next thing you know…Iraq is not sitting on the fence.  They’re like ‘no, we want to be in the markets.’  So things have changed in the Middle East.  That’s why you saw these laws being passed in Iraq.  The Financial Management Bill.  Then all of a sudden they’re not just throwing out BS article out on the IMF…Iraq Stock Exchange going on the NASDAQ.  They’re having mega events for it…why?  Cause the markets are opening up to them…it’s a big deal.  And they’re very very happy.  That’s why they’re walking around with a little bit more energy.  And it’s a huge deal for us.  They are going to add value to their currency…

Vital Brad – Dinar Guru  …there’s certain stipulations that need to be completed for them to reinstate their currency.  Information I got here says, ‘Iraq continues to avail itself of the transitional arrangements under article 14 section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article 14 section 2 and currently maintains one multiple currency practice (MCP) subject to fund approval under article VIII section 3.1.’ So Article VIII has stipulated that Iraq can only use one currency, Iraqi dinar.  And meeting these requirements allows for the opportunity to change the exchange rate.  So some exciting things coming out. There’s people out there saying that this thing is months and months away.  You and I like to keep a long-term perspective rather than it’s next week…but all the things that are happening…these final details are being put into place that can allow for this to happen… 

Mountain Goat – Dinar Guru   As we exit July, we still do not see any reinstatement of the Iraq currency. But we know it is very close at hand and I believe maybe even being held up for some reason now.

Vital Brad – Dinar Guru    …with the article that came out saying they’re ready to implement article 140…They’re saying they’re ready to pay back citizens. They’re ready to pay back for lost property, lost wages, lost opportunity.  Where’s the money coming from?…definitely want to pay attention to article 140…

Kaperoni – Dinar Guru   An article…stated they will have a 72 trillion dinar deficit. In other words they are building about 70 billion USD extra into the budget that is expected to be funded by foreign investment.  In order for this to succeed, they must pass the laws needed, and open the banking system (Article VIII) for this to work. There is no alternative. The next 6 months will be fun to watch…  [post 2 of 2]