Dinar Observer Daily

Mountain Goat – Dinar Guru    …we are waiting for our third miracle. This miracle is finding that person who will be the saving grace for Iraq to stand up to all the corruption. This corruption stems from Iranian backed militias, the strong-arm of the Iranian backed politicians. I believe this person is Mohammed Allawi. Yes, he did not get his way with the cabinet he wanted and so he backed out, for now. But he will return as he is the man for the job and will come back in time. …Once Allawi has the legitimate power he needs we will see the necessary changes. Literally, things can change very quickly. It is amazing what a difference a day can make. We wait for this miracle.

Angel1 – Dinar Guru  …There was breaking news all across the [Iraqi] news networks and what they were talking about there was going to be a Q & A interview with the PM Mahadi and the Minister of Finance.  I am desperately trying to get my hands on the translation…I believe it was a good piece of what we are looking for.  We are in an incredible position…what we were waiting for was happening on the other side of the world.  I cannot stress enough – things are on red alert…what we have been seeing behind the scenes has been happening…we are starting to see the public results of private meetings and that is why we’re excited...

Okie_Oil_Man – Dinar Guru   THIS WAS/IS TO BE A PRIVATE TRANSACTION AND THE GENERAL PUBLIC WAS NOT TO BE INVOLVED. THANKS TO G.W.B. SIGNING E.O.13303 WE WERE PERMITTED TO PARTICIPATE—

BGG ~ COMPLETE B.S. – NO TRUTH IN THIS WHATSOEVER!!

Breitling – Dinar Guru   Will the lack of a Prime Minister have an effect on the revaluation?  No I don’t see it that way.  Remember the CBI is in charge of handing their currency…

Dinar Investor – Jeff  …Friday Brent crude oil was $45 a barrel.  As of this evening Brent crude dropped $10 down to $35 a barrel.  Everything is moving and happening exactly as I told you it would…remember their goal is to make Iraq look worse than it is…they’re doing that politically.  Economically.  Everything.  So now ask yourself why would they have all these crappy lying articles to make the country look like it’s completely upside down in terrible shape and then they have these amazing banking articles.  That should raise a red flag to you.  We’re right on track.  Nothing on my side has changed…

Pimpy – Dinar Guru   Article Salih: The UN Security Council Sanctions Still Apply To Iraq.   …what that means is they’re preventing their currencies from being recognized internationally.  This means that Iraq can’t really step out on the International market and do business like they need to do.  If the rate change happened today…we would have a hard time trying to exchange our money with some of our banks because the currency is not bing recognized internationally.  I know Chase Bank is accepting the dinar now at its current rate and my assumption would be that if a rate change happens they would honor the new rate.  But there’s a lot of banks and a lot of financial institutions that are not recognizing Iraq internationally…

Dinar Investor – Jeff  …we’re at the end…all the news talking about Iraq’s economics.  Political scene.  The budget.  Everything is complete pure BS…everything is waiting on the rate change including the politics…only one level of news has been accurate.  That’s the banking news.  You guys have seen some really good banking articles through this past week…

Breitling – Dinar Guru   …the coronavirus…I’ve literally had people go nuts on me…here’s the thing it’s completely opposite.  The markets are driving oil prices down.  The demand for oil is going down.  Therefore Iraq is not bringing in enough U.S. Dollars to cover their budget and the solution is to add value to their own currency which is undervalued anyways.  What do you think the coronavirus is gonna do?  Do you think it’s going to stop that or accelerate that? …the reality is for Iraq, if it puts pressure on their economy, then it’s going to lead to our advantage.  They need to add value to their currency to make up for what’s being lost market wise…

Pimpy – Dinar Guru  …because of the coronavirus crude oil is tanking, just like cryptocurrencies.  Just like the Dow.   These things are getting killed.  Just getting annihilated…it dropped to $45 I think right now.  It might have dropped a little bit more…between the protestors and their government and the PM I don’t know how much worse it can get for Iraq.  It’s just at its worse…this actually might be good for us in the Iraqi dinar community…let’s just hope that oil prices keep going down and maybe that might trigger something that we’ve been waiting for…if ever a time before where Iraq needed a rate change to happen it’s definitely now…

Kaperoni – Dinar Guru   UN Chapter 7 has nothing to do with monetary policy. If it did, the IMF would not be encouraging the CBI to accept IMF Article VIII to send a message to investors that Iraq is open for business.

Breitling – Dinar Guru    …everyone thinks it’s at a market rate and somehow they’re gonna add or subtract wealth to it.  It doesn’t work that way.  No currency works like that.  They’re either taking currency out of the market or they add to devalue the currency…They’ve been reducing the note count and they’re gonna reduce it even more.  The official procedures are coming out of the CBI is that when they introduce a new note that will absorb the new prices the notes that you and I have and the new notes will coexist with the added value for two years…they’ll have a process where they’re getting rid of the denominations that you and I have.  It will be a two year process.  [Post 2 of 2]

Breitling – Dinar Guru   …I’ve been getting emails and I’m not gonna name the guy out there that’s putting this information out…here’s the math.  He’s talking about that there’s too much currency out there for it to revalue so it’s impossible…    if you do not think they are going to reduce the money supply you do not need to be in this investment.  Because that is the key.  That is what we’ve been watching.  So that is the dumbest statement I’ve ever heard people say is that there is too much currency out there.  Their plan was and they’ve specifically said they are going to reduce the money supply.  And that’s where we find our value…   [Post 1 of 2]

Kaperoni – Dinar Guru   …First, they cannot because it would create demand and the daily auctions are based on a balance between dinar and dollar…Secondly, it’s a known fact that over 70% of the currency in Iraq is “chunky.” Meaning it’s outside the banking system in homes of citizens, Etc… As it re-enters the banking system and is turned in. This would be a slow gradual process that simultaneously could work at the same time that dinar goes up in value but that all takes time and it would only occur as a result of the prosperity of the market economy. I challenge any one…at any time to discuss monetary policy with me…

Mountain Goat – Dinar Guru   Doesn’t this process of selecting a new prime minister and his/her government seem to take longer and longer each time? More corruption each time as since 2014 the corruption has only gotten much, much worst as Irian has been allowed to infiltrate Iraqi politics. This is at the heart of the delays. So, here we go again…this is de’javu!  Among the names that are being discussed during the meetings are Asaad Al-Eidani, Ali Shukri, Muhammad Shia’a Al-Sudani, Mustafa Al-Kazemi, but until now, there is no specific agreement on any candidate.

BGG – Think about all this for just a sec…They have had several Shia dominated government’s that were corrupt and not getting anything done for anyone but themselves…(Maliki, Abadi and Mahdi).  They were headed for another Shia dominated government with even less accountability than in the past.  1) The protesters didn’t like this guy [Allawi].  2) The Kurds didn’t like him.  3) Sadr didn’t like him.  4) The Iraqi President of the Republic, Barham Salih, very nearly resigned over having to “nominate” him in the first place.  There are is a very good chance we just dodged another bullet with the developments of last Sunday. If he wasn’t the right guy to get this done – he wasn’t the right guy.  Instead of always thinking THIS was some kind of delay…  [post 1 of 2]

BGG – If these protests continue and we get a real reformer in there, this could still be a huge win for us… especially with Iran getting “blacklisted” like they are. There will be very little latitude for Iraq to continue doing business with (and selling US Dollars to) a country under such international scrutiny. The end result? Less Iranian influence and not nearly as much need for the CBI / IQD / currency auctions. The ending of these auctions will likely usher in true currency reform in Iraq.   [post 2 of 2]

Chattels – Dinar Guru   …it appears that Abdul Mahdi may continue as the caretaker governor pending ratification of the new election law, the dissolution of Parliament and scheduling new elections.

MilitiaMan – Dinar Guru   …The CBI has been very vocal of late even while the GOI/CBI handcart pumps back and forth down the track heading for the economic reform destination we are looking to be the station at the end of it. The CBI has been so vocal that they have Nassiri  and Salih are speaking of the Independence of the CBI from the GOI. What the CBI has accomplished all the while the GOI has been in turmoil and filled with Iranian backed corruption. The CBI has pumped along by making sure they kept inflation low during economic and security shocks that were abound.  My view…is that they CBI having been successful during crisis, is now prepared to finish the reforms, give the demonstrators purchase power and in doing so they will create jobs with the re construction efforts. The need for the CBI to now finish is greater than ever…So, in the end my view is the focus is on the CBI and in short order.

Adam Montana – Dinar Guru   [My concern is the massive price drop per Barrel of Oil? and it’s effect on the whole RV process.] This is a great question…  I don’t think “massive” is the correct term. “Significant” – definitely, but it’s not “massive”.  Nonetheless – I would only be concerned if OIL was suddenly no longer in demand. Any dips or peaks in the price of oil are temporary until the global demand for oil is eliminated. While OIL is a necessary product in the global economy, the price can fluctuate all it wants – Iraq still has a majority of it, and they will be able to bank on that.  If the entire world switched to solar overnight, then it would be “game over”.  Until that happens, I am not too concerned about the price of oil.

MilitiaMan – Dinar Guru   …The CBI has not adjusted the money supply since November 2019.. imo… The more they get off the street the cheaper it may be in the end for them.. May support value to go along with it. Therefore, again I will say this, “The longer it takes, the more money we make.” imo.  So, that is my take on what may be the case.

Pimpy – Dinar Guru   …what the heck is going on in the dinar community?  People running around panicking about all kinds of stuff.  I’ve heard so much weird crap today…[Guru] Jeff is the only person who’s still sticking to his guns.  Jeff is saying that this thing is gonna happen between the end of March and sometime beginning of April…That’s the way I felt about it [too] and there’s no reason for me to change my mind…sometime between the end of March and the beginning of April…

Adam Montana – Dinar Guru   [A continuing concern for me with this investment is that there are trillions of dinar in circulation internationally, and for an RV or RI to occur, at any value above about  $.01, would seem to bankrupt Iraq, irrespective of its oil and other resources. …I hope I’m missing something in this equation.]   …The Iraqi Dinar is a fiat currency, just like the US dollar, and logical rules utilizing responsible financial principals simply do not apply.  For this reason alone, it simply does not need to make financial sense to RV. …Iraq doesn’t need a 1:1 reserve:cash ratio to have a 1:1 parity with the US dollar, or any other ratio to the dollar. The only thing that matters is “will it sell” – and, it will.

BGG ~ Listen folks…

Think about all this for just a sec…

They have had several Shia dominated government’s that were corrupt and not getting anything done for anyone but themselves… (Maliki, Abadi and Mahdi).

They were headed for another Shia dominated government with even less accountability than in the past.

1) The protesters didn’t like this guy.

2) The Kurds didn’t like him.

3) Sadr didn’t like him.

4) The Iraqi President of the Republic, Barham Salih, very nearly resigned over having to “nominate” him in the first place.

There are is a very good chance we just dodged another bullet with the developments of last Sunday.

If he wasn’t the right guy to get this done – he wasn’t the right guy.

Instead of always thinking THIS was some kind of delay…

If these protests continue and we get a real reformer in there, this could still be a huge win for us… especially with Iran getting “blacklisted” like they are.

There will be very little latitude for Iraq to continue doing business with (and selling US Dollars to) a country under such international scrutiny.

The end result? Less Iranian influence and not nearly as much need for the CBI / IQD / currency auctions. The ending of these auctions will likely usher in true currency reform in Iraq.

Mountain Goat – Dinar Guru   Article:  “DRAFT FEDERAL BUDGET LAW FOR THE FISCAL YEAR 2020 IS STILL IN THE MINISTRY OF FINANCE”   Our reinstatement is based on the 2020 budget. They must pass it to get what we want. But first to pass it they must get the government in place… Of course, there is going to be Iranian backed resistance since the currency auction corruption feeding Iran will go away when this is concluded.

Dinar Investor – Jeff   Article quote “in the case that parliament fails to vote next time on the government cabinet it will be dissolved and early elections will be held.”  They’re considering dissolving the government and holding early elections…Kurdistan wants to be part of the new government...equal say and equal majority within the formation of the new government.  That’s the reason they’re dissolving the government…that’s the reason they’re playing you like a fool telling you that the current government is unstable so they can hold early elections in April to bring Kurdistan on board…

Adam Montana – Dinar Guru   …PM Allawi has…”withdrawn his candidacy”… So, what’s next?…  The Iraqi President can simply appoint someone (again), but it’s not necessary to take drastic action. Maybe Mahdi steps back up (he was never really gone), but that doesn’t make a difference either… The good news for us, and Iraq? No matter who steps into the Prime Minister role next, Allawi was able to get some wood chopped.   Iran lost a LOT of power over the last month, for one. I think that may have more to do with Allawi’s current decision than anything – he seems to want them completely gone, not just 80% reduced. Most importantly, and this is the crux of the matter, Allawi wasn’t elected to this position in the first place – yet, things got done. In my opinion, the raise in the value of the Dinar is going to happen regardless of who is sitting in the Prime Minister chair. All of the things that need to happen in Iraq continue to happen, and “who” is sitting “where” does not seem to matter…as long as it’s not Maliki!  Someone will be in that seat, soon, and the train will continue to chug along.  We are getting close...

Mountain Goat – Dinar Guru   Article:   “Urgent: The President of the Republic approves Allawi’s resignation…”  Where does Iraq go from here?  Will the UN step in and take over? Probably not…I don’t think Iraq is at this point yet. They are still within their democratic government.  Can the UN legally put in place a provisional government to run Iraq in the meantime.  No, they cannot do this.  How much longer can this go on before Iraqi economy really tanks? If they do not get the budget approved they can not go ahead with any of the projects they had planned for 2020. This new year is quickly slipping by. The economy too is stagnating and inflation could set in. Will us investors have to wait yet another year to 2021 to see the RV?  This may very well be the case. It appears they just paid the Kurds their salaries. This is not in our favor and shows they already are using the 1/12 rule of the budget…

Dinar Investor – Jeff    I’m not saying there’s zero corruption…every country is gonna have some partial corruption.  They’re not gonna be 100% corrupt free…I’m looking at the former corrupt political figures who are now billionaires.  Any of the new officials that are in place they might have some corruption but it’s lower-level corruption.  These guys aren’t stealing gazillions of dollars becoming billionaires like the former ones...the CBI said they needed the corruption gone…since they held the election in May of ’18 Maliki’s gone.  Barzani senior, he’s gone.  Najaf he’s gone from parliament…the CBI doesn’t care about small levels of corruption.  Every country is gonna have that…the reason the CBI wanted the corruption gone and what they meant by that is they wanted the very extreme corrupt individual gone that were stealing billions of dollars…

Dinar Investor – Jeff  ...Iraq can’t do a dang thing.  Iraq is frozen as far as launching their economy.  Iraq cannot launch their economy until the rate changes.  Iraq’s economy is frozen.  They can’t even provide for the demonstrators...they said Iraq will be launching their economy on March 30th.  Don’t forget about that.  That was roughly close to a month ago.  They said there’s gonna be a lot of heavy hitters – financial big players and they said Iraq will be launching their economy on March 30th…

Kaperoni – Dinar Guru  …If they ever get to a point to approve the 2020 budget I assure you there is no rate change (in it). Not how monetary policy works.