Breitling – Dinar Guru   …People send me emails asking very specifically if Trump has any sway or anything like that on the Iraqi dinar?  Not the Iraqi dinar.  He has influence on the price of oil.  And he has influence on Iraq’s U.S. accounts.  We can freeze those.  The dinar itself they have control of...everything we look at and look for that’s what’s going on.  They are reducing their note count.  Oil prices are going down.  They have an emergency budget put together because  that exact cause and effect. So here we are...I’ve never had any fear about them adding value to the dinar.  Not once…

Kaperoni – Dinar Guru  If they float the currency like the IMF has asked. Who knows how fast Or at what pace it would rise. Market forces determines that.

Mountain Goat – Dinar Guru   2) Remember they must go at least 1:1 in rate if they pay out the stipends and this would mean the project to delete the zeros would be necessary. My take on all this is this is what will finally trigger the RV. This would also lead to the reinstatement. We know the banks have already exchanged three zero notes for the smaller category notes and have ample supplies to go ahead now. This happened over this past year. So they are ready for something. The CBI would not be doing all this is nothing was being planned.  So, this is all VERY GOOD news for us…I am told this is coming in “the coming days”. However days always seem to miraculously turn into months somehow…lol..,   [post 2 of 2]

Mountain Goat – Dinar Guru   What does the CBI need? The CBI needs political stability and for the protestors to go home. Allawi is desperately trying to gain their confidence but we know he will have to eventually put out or shut up…he will have to produce something meaningful for the citizens. This is probably going to be the HCL stipends. This is my guess. What do we know about these stipends?  1) Over two months now an agreement has been made to actually begin the payout of these stipends…the referendum has already been written and passed through the parliament in 2018. Like other legislation it just sits on someone’s desk and never gets implemented. Now they agreed to implement it to help in this situation.   [post 1 of 2]

BobTheTaxMan – Dinar Guru  Question “Let’s say you don’t have the receipt for the dinar when you purchased – you don’t need that to exchange do you?”  No.  Now earlier in this crazy game we’re involved in there was an idea that you were going to have to have the original date of purchase because they thought it was going to be capital gains.  In reality it’s not.  It’s going to be ordinary income.  It’s going to be no different from exchanging currency you currently have in your pocket.  It’s not going to matter.  So don’t worry about that part…

Mountain Goat – Dinar Guru   Article:  “IRAQ BUSINESS NEWS: SERIOUS QUESTIONS ON THE APPRECIATION OF IRAQI DINAR”  Quote:  “…the “independence” of the CBI was compromised in negotiating and signing a ‘Stand-By Agreement’ with the IMF in late 2005.”  This refers to the first stand-by-agreement in 2005. We need to tie this in what happened in 2011-2018 and then into 2019 and how the independence of the CBI was compromised. So please don’t anyone tell me the CBI can reinstate anytime it wants to. This is NOT true. The CBI needs the permission and full support of the GOI which included the prime ministers cabinet and parliament. Now we see they also need the permission of the IMF…

BobTheTaxMan – Dinar Guru  Question “Is dinar attached to a social security number -Is there anything special that needs to be done to exchange it?”  No.  The only reason why they ask for social security number is because of the intensifying of the rules and regulations chasing down terrorists.  It just verifies you’re a real person when you buy it.  And that’s its whole purpose.  You’ll see people selling dinar on eBay or Craig’s List  there’s no social security number associated with any of that stuff.  When they go to cash it in…they are not going to care where it came from.  So don’t worry about that.  The only purpose in people asking for that social security number was for the dealerships so they could satisfy some of the IRS standards that are now in place.  That’s it.

Angel1 – Dinar Guru  …MTA [PM Allawi] is an extremely successful businessman…he has businesses all over England, UK, Lebanon, Morocco you name it.  He has had successful businesses.  Run huge corporations…we are seeing a direct reflection of what we have in the US. Trump is a businessman.  We are getting incredible results because of it…And we are about to see incredible results because of it…he [Allawi] was in Washington several months ago doing what I like to call phase 1 of the interview.  I believe he was interviewed for this very position that he’s sitting in by Washington led by Trump…he gave an incredible speech on the importance of an increase of value to the Iraqi dinar.    People ask me, ‘what does the banking world think of MTA?‘  He’s one of us.    He’s a businessman.  He understands value…He is against corruption…this is who is in charge of Iraq now…Phase 2 – Iraq getting him onboard.  He’s now onboard.   Phase 3 is implementation.  I believe that’s exactly where we are right now…  

Adam Montana – Dinar Guru   Article:  “Iran desperately attempts to retain hold on Iraq”  …One great example of what’s going on in the background – the stuff we don’t see on the news…Iran is obviously making a last ditch effort to hold ground.  Quote:  “Iran on Sunday offered its full support for new Iraqi prime minister Mohammed Tawfiq Allawi and reiterated its backing for the government’s demand for US forces to leave the country.”  Does anyone think Iran is going to win this ultimatum? I do not. Especially not with Allawi at the helm, who is presumably approved by greater powers than Iran. This is precisely why Iran is making their last ditch, desperate attempt to gain footing… and it looks like a failed attempt from the start.  If Iran has any success whatsoever in this attempt, we are going to see it immediately. I can’t wait to see this Iranian attempt fall on it’s face!

Dinar Investor – Jeff   …Over the weekend they came out saying that Allawi the new PM might try to get his government formed within approximately 3 weeks.  Another article came out saying they were going to open the path to reform and that’s great news but the good thing…is they’re talking in circles…they’re just repeating all of the same information that they have.  Clear since last year, reforms, reconstruction and the end result…they’re waiting on the rate change.  That’s why they just keep repeating themselves talking in circles…they’re showing you everything’s waiting on the rate change including the approval process of the budget.  We’re looking good.  Everything’s moving in the right direction…

Adam Montana – Dinar Guru      […I still would have preferred the other Allawi…]  Agreed on the Allawi we got, but it is what it is and I don’t care who gets the job done as long as it gets done!  Whether we see an RV this week or not, I’m very solid that we are going to have a much clearer picture over the next few days.

Dinar Investor – Jeff  …Iraq is looking really good.  Everything’s moving in the right direction…nothing in Iraq is speeding this up.  Everything is moving at the same model speed it always has.  Iraq has had a set date since early last year in ’19.  Nothing’s going to speed this up or make it move faster.  The whole challenge with the prime minister was just a coincidence.  Over the weekend someone had jumped in and stated that once the PM comes in that will probably speed up the timing of rate change and wrap this thing up in 30 days after the PM…none of that is accurate…they’ve go a set calendar date.  It’s most likely a fiscal year so that would put them right on par with Kuwait.

Dinar News Flash – It’s “official” – Iraq has a new Prime Minister.  Mohammad Allawi.  He is an interim prime minister and is expected to serve until new elections are held.  It’s unclear if new PM Allawi will stick.  Many of the protester have rejected his nomination.  He comes with a mixed political history.  He was Maliki’s communications minister BUT he resigned claiming corruption in Maliki’s government.  Some feel he is a good compromise choice – he’s someone the pro-Iranian government official can accept and he’s someone the protestors can believe will support Iraq and not Iran.  Many felt the dinar reform could not more forward without a new prime minister in place.

Kaperoni – Dinar Guru     A new PM is a good thing, but only a first step.  Could still be weeks, months before conditions are right to begin reforms and the creation of a market/private sector. …Much work to be done. Need a cabinet, laws, stability and an acceptable environment for investors.

FLASHBACK –  Crush Expected When Kuwaiti Banks Reopen Today

March 24, 1991|From Reuters

KUWAIT CITY, Kuwait — Thousands of Kuwaitis are expected to jam the country’s banks today when they open for the first time since the end of the Iraqi occupation.

Customers will be allowed to withdraw funds and to swap pre-invasion money for a new currency issued to make more than $1 billion in pre-invasion dinars stolen by the Iraqis worthless.

“We expect a rush of people,” said Issam Asousi, an executive with the Bank of Kuwait. He said it could be a chaotic first week because customers have a lot of questions about their accounts.

Kuwaiti banks continued operating during the seven-month Iraqi occupation under managers brought in from Iraq, but they have been closed since the U.S.-led alliance ousted the Iraqi army from Kuwait a month ago.

When the banks reopen today, customers will be able to withdraw up to 4,000 Kuwaiti dinars, equivalent to about $14,000 at pre-invasion exchange rates from their accounts, and to exchange a like amount for foreign currency.

Balances of customers’ accounts will go back to what they were on Aug. 1, a day before the invasion.

Clients will not be able to exchange Iraqi currency issued during the occupation, when Baghdad pegged the rates of the strong Kuwaiti dinar to the far less valuable Iraqi dinar.

The new Kuwaiti money will be exchanged for old at a one-to-one rate.

https://articles.latimes.com/1991-03-24/news/mn-1395_1_kuwaiti-banks

Sandyf – Dinar Guru   [Kuwait tried to work with Iraq on how they RI’d their currency in 1991 but left on deaf eyes. Kuwait’s currency went from 0.05 usd to 3.48 usd.]  That is a dinarland myth. During the occupation the national currency of Kuwait was the IQD…the KWD was unrecognized and the currency had no value.  The IQD has always been the national currency of Iraq and as such cannot possibly be reinstated. Some try and claim the value would be reinstated, more rubbish, that would be a revaluation.

BGG ~ We have published the facts (with News based sources) regarding this scenario for a long time. Regarding the IQD, the correct terminology is “A CHANGE IN VALUE – or APPRECIATION”, particularly when the IQD is referred to (almost universally) as GROSSLY UNDERVALUED.

Delta – Dinar Guru   Article:  “Tawfiq Allawi thanks Saleh for assigning him to form a government and pledges to prepare for early elections”  IT’S A DONE DEAL IT’S ALL OVER THE NEWS IN IRAQ…THE PM THAT WAS ELECTED WILL BE IN POWER UNTIL THE NEXT ELECTION. AND NO…WE DON’T HAVE TO WAIT UNTIL THE NEXT ELECTION TO MR. (Monetary Reform) THE CBI IS MOVING FORWARD AND THEY CAN’T GO BACK IT’S A ONE WAY STREET NOW. IMO THEY HAVE A DATE SET. …THE CBI TOLD US…THEY MADE THEIR MIND AND THEY ARE MOVING FORWARD NO MATTER WHAT AND THAT IS FACT NOT OPINION!  …PM IS AN IMPORTANT FACTOR…BUT CBI CAN’T HOLD IT THAT LONG ANYMORE…

Chattels – Dinar Guru   “In Iraq, Mohammed Allawi official nominee to be next PM after political blocs reach agreement.”  It would appear that these reports confirm Allawi as the PM designate.  Allawi will propose Ministers and he with them must be “elected” by the Parliament individually.  Remember Allawi may only be the interim PM until the new elections.  Allawi’s nominees for ministry position will be as interim with his government.

Mountain Goat – Dinar Guru   Article quote:  “An informed political source revealed, on Saturday, the political blocs agree on assigning candidate Mohammed Allawi to head the government this afternoon.  The source said to “Al-Alkhbaria” that “the political blocs agreed to name Muhammad Tawfig Allawi as prime minister after the approval of all parties.”

Kaperoni – Dinar Guru    The Iraqi president has chosen a new prime minister to form a government… Muhammad Tawfiq Allawi. Hope this one holds and everyone can agree.

MilitiaMan – Dinar Guru   …videos…showed the money being destroyed and them having been given orders to complete the Monetary Reforms, all support that we are waiting on the CBI to show they exchange rate…they have no choice but to follow the orders and imo from the totality of it all they are following the orders to full the wants of the citizens…So, let see what they CBI drags in… [post 3 of 3]

MilitiaMan – Dinar Guru    …the GOI is hiding something. So is the CBI. They are hiding the 2019 Financial Management Law Amendment that needs to precede the 2020 budget law and the new small category notes with fils. The CBI has the ability to hide things for sensitive reasons.  A large move in an exchange rate would need to be on the hush hush side of things. Hence the exchange rate was hidden all this time. The CBI statistical pattern changes support that view. What else support they are not playing ball with a program rate...Is, they destroyed good quality notes in massive quantities, they spent $190 billion to print new notes and coins (fils) and they are said to be delivered to banks now.  [post 2 of 3]

MilitiaMan – Dinar Guru   Article:  “Al-Tamimi: The government completed the budget before it resigned, and we do not know why it was not sent”  Quote:  “the government could have sent the 2020 budget in mid-October last year,” stating that “the government completed the budget before announcing its resignation, so what is the secret that prompted the government to refrain from sending the project?”  Al Tamimi states that the 2020 budget law has apparently been hidden since October 2019…since then, the 2019 Financial management Law Amendment has not been shown…As that would expose the new international exchange rate. …To hide the data is for a reason. That reason is not for Iraq to be at a program rate. Just as Dr. Shabibi has imo suggested that they can not give it to parliament as they would leak it.  Hiding it until appropriate is evidently what they had in mind and did. [post 1 of 3]

Kaperoni – Dinar Guru   Until they get a new prime minister, a cabinet, and get things back on track there will be no currency reform. Iraq still needs to pass laws, implement those laws and create the conditions investors are looking for to rebuild the country.

Dinar Investor – Jeff   Article Quote “The budget bill is compete and will be sent immediately to the parliament after the formation of the new government”  …that’s great news because that’s just telling us everything…demonstrators demands, article 140, HCL, the budget everything with the country of Iraq is very clearly waiting on the rate change…

Chattels – Dinar Guru   It is Holy Day in Iraq. Not a lot of news today.  Tomorrow could be a watershed day in the history of Iraq. Can Iraq’s competing factions decide upon a Prime Minister for all?  The prospects and opportunity over time for good government are not without limits. Iraq is running out of time, IMO.

Mountain Goat – Dinar Guru   Article: Reuters Thu Apr 12, 2012  “IRAQ HALTS PLANS TO CUT ZEROS OFF DINAR CURRENCY-CABINET”   Quote:  “…a statement on the website of the cabinet secretary said THE CABINET HAD DECIDED TO HALT ALL PROCEDURES RELATING TO THE REDENOMINATION OF THE DINAR “UNTIL FURTHER NOTICE“.  So why is this old article from 2012 important? It is important because…it shows us they do plan to delete the zeros and redenominate the currency and so this is real not just a get rich quick scheme or scam.

Mountain Goat – Dinar Guru   So how can Iraq fix this mess? They MUST select a new prime minister that is pro-Iraqi and not go along with this plan to block the project to delete the zeros and redenominate the currency (currency reform) by Iran anymore…At this junction in Iraq this currency reform is a critical reform…needed NOW if Iraq is to move ahead with reconstruction and attracting investors. It is needed even for the deal with China and don’t forget the same sort of deal is also on the table with the US. … So the protestors have been told by the CBI this demand is coming shortly and would have already happened if not for this mess… So how long will the protestors wait for this demand to happen? …There is still a ton of gold at the end of the rainbow for us but we just have to wait until the storm is over… [post 2 of 2]

Mountain Goat – Dinar Guru   …in April 2012 the currency auctions has increased daily from 150 million to 400 million and the money was being funneled to Syria and Iran. Today we know that in 2019 alone nearly $40 billion dollars was stolen out of the CBI this way. So, the corruption with the currency auctions had already begun even back in 2012 and has been ongoing since. So could this be why Maliki wanted to halt the redenomination Dr Shabibi was moving ahead with? Shabibi’s plans to redenominate would have stopped the currency auctions and ended this “piggy bank” for Iran and Syria. …Fast forward to today 2020. Could this be why Iran insists on having a pro-Iranian prime minister? Could this be why the CBI is deadly afraid of conducting the redenomination without the FULL support of the GOI and the prime minister?…  [post 1 of 2]

Adam Montana – Dinar Guru    Article:  “Iran cannot access $5 billion of its energy money in Iraq: Official”  Quote: “Iran’s money from exports of gas and electricity has piled up to $5 billion in a bank account in Iraq, but Tehran cannot transfer it because of the US sanctions, an official says.”  US sanctions are starting to play a huuuuuuuuge role in separating Iran and Iraq. Anyone who thinks we don’t have a hand in this is simply not looking at the whole picture.