Dinar Observer Daily

Tman23 – Dinar Guru   Word is Solemani was in Iraq to operate a coup, the plan was to take over the Iraq government and arrest Iraqi president Barham Salih… Hadi Al-Ameri,  leader of the Badr corps is said to have been arrested by US authorities…so now we hear on major outlets for an emergency session for Parliament …should hear about Ameri being arrested in next day or so…going to be an interesting weekend…

Chattels – Dinar Guru  [as far as that 50 trillion to 5 trillion,I would certainly love some clarification on it’s true meaning. I have seen differences in opinions.]   Let’s just wait for the next report. It it was an error then it likely will be corrected. If it stays the same then maybe there is something to it all.

Breitling – Dinar Guru   …Every country on the planet that drops their note count what happens to the value of their currency?  It goes up…it’s universal…they’re [Iraq is] dropping their note count…when they drop their note count guess what?  The value of their currency goes up.  They’re putting things in place.  The budget depends on investments because they’re losing in the commodities market as far as the energy markets go.    So they’re investing in the international markets.  And they’re not gonna do that at a ten of a penny…that’s what these guys are trying to tell you.  So all these indicators are in place.  It should make you very very happy…I couldn’t be more excited… [Post 2 of 2]

Breitling – Dinar Guru  ...I’ve been getting emails of people asking me about the graph from the CBI…it shows the drop in currency…if you go back…what was the value? About $3.25…they had between 1 and a half to 2 billion notes in the market…that was the number that we needed to watch.   The chart that you guys are looking at is very important…there it is from the CBI...Look how much the currency has dropped. Here’s what we don’t know.  We don’t know how many denominations are out in public.  In other words how many 25K notes.  How many 10K notes.  How many 5K notes.  So even though they say they’ve dropped the note count it doesn’t give us enough information to determine how many dinar are out there.  But we can see they dropped the note count.  It’s right there in front of you.  [Post 1 of 2]

Dinar Investor – Jeff  …one of the more popular gurus…saying it’s gonna change at the beginning of the year and the budget will be implemented at the beginning of the year.  I told you guys to be cautious with this type of information because this is over-hyped BS…

Kaperoni – Dinar Guru   There is a rumor…that the CBI reduced the money supply from 45 trillion or so to around 5 trillion. This is not possible on many fronts. Though the CBI reports website shows such a chart it is not possible.   1. the CBI continues the currency auctions. And the auctions are based on a “balance” of dinar to dollars. Offsetting that would create substantial demand for the currency.   2. the CBI has come out on numerous occasions that 70% or so of the currency in circulation is “chunky” meaning it is outside the banking system. In homes, under mattresses etc. If the money is outside the banking system as stated the CBI would not have access to it to reduce it.  So one can conclude that the chart is wrong.

Mountain Goat – Dinar Guru  …For the CBI to launch the project to delete the zeros any time soon would take a miracle. However, I am not hearing the CBI is going to postpone again due to the current situation. But this puzzles me as to why they would do this in the midst of such chaos…We see much instability issues now in Iraq. This situation is close to a major escalation but not yet. Some foreign investors are pulling out of Iraq but this can still be salvaged. The government must find solutions very soon or years, if not decades, of work will be lost…I still keep my hopes up that the CBI may still move forward in the midst of the turmoil…There is still a window of opportunity remaining. Let’s just see how it all plays out..

Breitling – Dinar Guru  ...a lot of stuff we’ve been looking at…everything is coming down the road.  Everything is lining up.  If people are not excited about this they’re never gonna get excited...you have Iraq telling you that they have a new budget based on lower oil prices and its determined by investments.  And so what are they gonna do?  They’re gonna reduce their note count.  They’re gonna start doing what we’ve been talking about…they said that they needed to add value to their currency.  Now they are dependent only on that because they have to add value to their currency to get into the international markets…we couldn’t be in a better position.  That’s why I’ve been so positive…there’s nothing else they need to do.  They took the cover off of everything.  All this stuff is in the news.  They’re telling everybody what they’re gonna do.

Dinar Investor – Jeff  …IMO they are in the process of positioning the money for the rate change – the last final step…there actually haven’t been any delays…

Adam Montana – Dinar Guru   [Well, it looks like that Iran /Iraq relationship has just about ended our dream of any kind of RV/RI…]  Ok, chicken little, the sky is not falling…We know things are going to get crazy before the RV. This might be the start of it, but this is definitely not “game over“!

Dinar Investor – Jeff    …Iraq already came out telling you they’re doing a temporary interim budget at the beginning of the year which means the 2020 budget will not cover starting from January.  They’re telling you that they’re going to utilize a new fiscal year.  Because of that temporary budget…the factual data shows that they’re transitioning back to their previous fiscal year going from April through March... [Post 2 of 2]

Dinar Investor – Jeff  …You have to look at Kuwait’s as a prime example to gauge Iraq.  Kuwait specifically did theirs on a Sunday morning of March 24th of ’91.  The reason it was done at that time is because that was done shortly before the beginning of their fiscal year which would be April 1st...Iraq is gonna have to change the rate at the beginning period of a new accounting period…because this is such a major rate change…if it was $3 that would be a 3000% increase.  If it was closer to $4 it would be a 4000% increase.  That’s massive…I’ve been saying this to my long timers throughout the entire year of 2019… [Post 1 of 2]

Mountain Goat – Dinar Guru   It takes time and we see much progress. The Iranian backed blocs have to get it into their thick heads that things are NOT going back to their form of normal (meaning corruption). Already the new election law changes how the process works. Oh – yes they would like things to settle back down their way so they can keep stealing from Iraq and feeding Iran. But this is why the demonstrations are happening in the first place and so this is NOT going to happen, not ever! ...We must go through this to get to it (our investment). [post 2 of 2]

Mountain Goat – Dinar Guru   UPDATE: Reinstatement progress…Remember that the UN and Sadr both agreed to finally pay out the excess oil revenues through the HCL to the citizens and do it now. …This was weeks ago? But we also know this will take a change in the rate and will trigger the smaller of the small category denominations to come out. The process has been set up that way to happen. So we wait…for things to settle down. But they will not even begin to settle down until a new prime minister is selected that meets the demands of the protestors. When will this happen? [post 1 of 2]

Dinar Investor – Jeff     I’m looking for two key things right now within the month of January [Budget and PM].  IMO I feel Iraq has about 90 days.  They’re not in any kind of rush.  90 days to really get the money positioned and change the rate.  I’m looking from the beginning of January through the end of March…

Mountain Goat – Dinar Guru   So the news today is still all about the Iranian influence in Iraq and the chaos it is causing. Finally, the US forces took action against them. The protestors support this action. Some Iranian backed politicians, of course, did not like and so spoke up. But this will all change and sooner than later. It may take an escalation of the US forces to push them out… What will happen? Whatever does happen must be met with support from the GOI and parliament.

Dinar Investor – Jeff    …Iraq through the year of ’19 has showed you a lot of articles showing if they were to change the rate right now because they are pegged to the dollar that the new rate they’d achieve would be “$1 plus”.   In order for them to achieve a “$3 plus” rate they have to have to do what Kuwait has done.  They have to un-peg from the dollar and re-peg to a currency assortment basket…

Adam Montana – Dinar Guru   [So, I can’t help but think if there was a 10 cent with a float, there would be a MASSIVE run on the buying of dinar…]   massive run on the dinar – YES, which means a massive influx of cash to Iraq’s vaults, which makes them look better, which adds to the demand for dinar, which raises the price, which puts more money in their vaults, and on and on. It’s a snowball effect at that point. I don’t want to see a massive run on the Dinar before the RV.   I DO want to see that immediately following the RV.

Chattels – Dinar Guru  With all due respect to those who believe that the GOI is not as important as the CBI, I ask what monetary or banking policy can exist if there is no functional government ?

Adam Montana – Dinar Guru   …Last week, several options were considered, and they ended up with a completely unacceptable candidate: The current governor of Basra, Asaad Al-Eidani.  *Sigh*… as if that was going to go well!  Now, the President of Iraq Barham Saleh has stated that HE will also resign over the reaction to this nomination!  …Bottom line… the people are going to win this one. There WILL be a massive change in Iraq, and it’s happening.  Right now. Overall, I’m very happy with the situation.   [post 2 of 2]

Adam Montana – Dinar Guru   Iraq is taking the end of 2019 serious…First, the recent history: Beginning of October 2019, the people of Iraq began protesting. And when I say “protesting”, I mean riots, people dead, “we’re not going to take it” level of protesting. The most recent Prime Minister quit, and his successor needed to be named in a short period of time.  Parliament made it known that the voices of the people were heard, they know they can’t just stick another puppet up there and expect things to be okay again… [post 1 of 2]

Chattels – Dinar Guru    Quote:  “…the 2020 budget has some amazing stuff in it…Article 140, HCL all that is now inside the 2020 budget…”    How is Article 140 inside the 2020 Budget?  The Iraqi budget, when passed, becomes law for the year of that budget.  The HCL is a permanent accord between the GOI and the KRG which governs many things related to oil production, sales, etc.  There have been at least two drafts of the HCL, neither adopted and none in and budget law.

Delta – Dinar Guru   …you [CBI] are about to introduce the lower denominations.  You’re about to change your rate.  You don’t want to mess this one up…I’ve never seen this pattern before…there’s something fishy here.  There’s something going on IMO…they might load those ATMs with lower denominations.  Whatever the case definitely it’s very interesting and this is out of the pattern…Everything is shut down and now is the right time for you to show everything...  [Post 2 of 2]

Delta – Dinar Guru  …more confirmation that we may see something…the Trade Bank of Iraq they came out with three separate announcements for their own customers…They’re stating that they are going to start suspending some activities…you cannot withdraw cash starting on Thursday [26th]…And on Sunday the 29th they’re going to suspend all the wire transfers and all the deposits.  On Sunday you cannot deposit cash and cannot wire transfer…I’ve never seen a bank shutting down the cash.  You cannot withdraw cash.  You cannot deposit cash.  This is very interesting to see because it’s never happened before…   [Post 1 of 2]

Dinar Investor – Jeff   IMO we are at the last step waiting for Iraq to position and allocate money from within the 2020 budget.  But they put a little spin on this.  Now I strongly feel that we are waiting for them to resolve the prime-minister issue…IMO we want to see the Prime-minister portion resolved by or around January 15th…that would easily leave them two and a half months to tackle the 2020 budget…IMO the 2020 budget is the very last step that we’re waiting on...I still feel we’re in a very good position. Obviously just a little time is needed…

Mountain Goat – Dinar Guru   Wow! The news from Iraq is finally breaking wide-open and is all very good for us. The stalemate seems to be almost over and if it continues we might just see the reinstatement yet in early 2020…  So Iraq still needs a new prime minister, someone the US and UN can also approve will preserve the Iraqi constitution. We see…on Christmas Eve the Electoral Law was finally agreed on and passed. Now two readings already on amendments to the Financial Administration Law.  So let’s get the new prime minster completed. The CBI is waiting…

Dinar Investor – Jeff   …I’ve been in this 10 years.  I think I’ve only seen one article in 10 years where they ever talked about the physical exchange rate of the Iraq dinar ever being in the $3+ range.  Like 99% of all the articles I’ve seen that mentioned anything about the Iraq exchange rate they’ve always showed it to be in the dollar range.  Why is that?  They’re never gonna show you the real truth as to what the rate is even gonna be.  That’s why like I said 99% of the articles are talking about the dinar exchange rate being pegged to the dollar showing that the value of the exchange rate is in the dollar range.  They don’t want us to know that it could be in the $3+ range…they don’t want you to think that it could even reach $3+…

Larrykn – Dinar Guru   As for the dinar…Look at the news and what they are doing…do you really believe they would change the rate when they don’t even have a government in place. I think not. I’m sorry but it looks like we will still be here for awhile…not saying this won’t happen but I do believe they have to have the country in order before they can do this… 

Dinar Investor – Jeff    … Frank, Delta and MilitiaMan are all of the opinion that the rate will change around the beginning of this fiscal year… saying March is a reckless rumor…  Iraq has never done a rate change at the end of the year…roughly 2010…  Shabibi said that the best time for a rate change is either at the beginning of a fiscal year or middle.  They’ve never commented around the end of a fiscal year…Back in the ’70s Iraq’s fiscal period was actually the exact same as Kuwait’s from the beginning of April through the end of March…in 1973 Iraq’s currency pegged to the dollar was worth $3.37 … …Iraq’s preparing to join the international world community… Iraq will start managing and controlling all of their own affairs…that’s when they would most likely transition to a new fiscal year and un-peg from the dollar and re-peg to a currency assortment basket to be structured exactly how Kuwait is structured today…