Dinar Observer Daily

Mountain Goat – Dinar Guru   …This part of HCL is very significant because the conditions specified for these payments is bringing the provisional rate to 1:1 with the US dollar first and paying out under this new rate. As I told you before it is going to be more like about 83 cents rather than 1.00. I am seeing some positive signs …time will tell. We are hopeful this window of opportunity is taken advantage of and finally Iraq will move forward again with the project to delete the zeros.   [post 2 of 2]

Mountain Goat – Dinar Guru  I was hoping for announcements by the GOI on certain aspects that did not happen…These announcements should be about the payments of the HCL excess oil revenues to the citizens and hopefully the new prime minister. ...I have evidence of a meeting with the UN, US, CBI and the GOI and agreements have been made to do so soon, in fact it was supposed to happen already last week. [post 1 of 2]

Mountain Goat – Dinar Guru    What I am still hearing is that our window of now until mid-January is still wide open. It could literally happen at any moment during this period. The demonstrators have a huge impact and will force this out.   No, Iraq does not need a robust economy or a market economy to allow the reinstatement of the dinar. Like I keep telling everyone, there is a difference between VALUE and the RATE of a currency. We know for a FACT that the Iraq dinar has the value it needs already way beyond its current rate. The rate is being held back intentionally due to corruption.

Adam Montana – Dinar Guru    […you still thinking $0.10 or something more substantial given the increasing political pressure?]   $0.10 still makes as much sense as it did before, and would be substantial enough to get everyone off the riot bus.  The other side of that topic is “float or fixed”, and I’m leaning heavily towards “float”. This will keep pressure on all parties to keep moving Iraq forward, which may turn a .10 exchange rate into much more in a short time.  The catch to that is going to be the cash in timeframe. I’m convinced it will be at least 90 days, but probably no more than a year. The new and old currencies would be used at the same time, and there’s a good chance it will make sense to reinvest in the new currency as well. That is ONLY true if it’s a float…

Chattels – Dinar Guru   Article:  “Iraq’s parliament passes new electoral law after months of protests”  The new law approved today means votes will be cast for individuals and not political lists, potentially lessening the influence of the established parties.

Adam Montana – Dinar Guru   …unless the next person gives them something good, and fast, they will be rioting again.   …things should be happening fairly quickly…instead of the usual weeks or months of delays, we are seeing a different Iraq…The people aren’t going to wait long. They want change, and they want it fast…it’s looking pretty obvious that someone is going to have to bring it. Or else…  Today or tomorrow we should have an announcement on who is going to take the responsibility for that change…it may be a surprisingly great Christmas after all!  [post 2 of 2]

Adam Montana – Dinar Guru   …Back in early October 2019, the people of Iraq finally had enough…following those protests, or during them, the most recent Prime Minister (Mahdi) resigned. …By law, there was a period of time to appoint the next leader. …it is well known by all involved in the process of appointing the next Prime Minister that it must be a candidate who will be accepted by all political parties, and also the people.  In fact, “most importantly, the people.”  This puts a very bright light not only on who they appoint, but also what happens in the very near future.  [post 1 of 2]

Mountain Goat – Dinar Guru    …this plan is not really as risky as Kaperoni says. Actually, the plan is based off of having the reinstatement and the new rate and will not risk the entire CBI reserves… also…take into account the pressures from the protesters or from the US and IMF. The IMF has also recently threatened them with Chapter VII again. This can not be taken lightly. This all matters very much.

Kaperoni – Dinar Guru   I do agree Iraq can buy the majority of dinar in circulation if it chooses to do so but only at or about the current exchange rate.  They could never do so at a $1 to 1 rate. 40+ trillion is just to much.  That is why the dinar must float.

Whitelions – Dinar Guru  …there is no float the CBI has Told us this and the IMF has no control over how Iraq rv it’s money they can only advise and they are advising that Iraq revalue to a few cents above where is was when it was taken down.

Adam Montana – Dinar Guru   Article:  “Al-Khaldi: 170 deputies presented “Muhammad Tawfiq Allawi” as a candidate for prime minister”  Allawi’s name is coming up a LOT…I’m fine with him. Quote:  “the rest of the nominated names are Lieutenant General Abdul-Ghani Al-Saadi, Abdul-Wahab Al-Saadi, former Governor of the Central Bank, Sinan Al-Shabibi,and Judge Rahim Al-Akili, all of whom accepted their candidacy.”  I know there are members that don’t support Shabibi, but I disagree…he has so much relevant experience. He has been a part of this RV process, and deeply so, for a lonnnnnng time. And I think he’s supported a raise in the value, but he didn’t have express power to make it happen, or maybe it wasn’t the right time… but he could be the one to just jam the bus in forward gear and run through the barricades. I support him as a choice as well.   …The people are going to get what they want, and soon, or there will be a repeat of the last two months.  Iraq is in a solid place to RV.

Dinar Investor – Jeff  …Why is it being delayed?...One: What is Trump’s 2020 campaign theme?  Strong economy.  The Dow…is not too far away from 29,000 points…What if the U.S. financial markets were all at an all-time high and that’s also when Iraq changed their rate?  That would mean we would have very high US financial markets and then roughly billions of dollars just got injected into our economy and that would be approximately 7 to 8 months right before the US elections in November...there’s a very strong possibility Trump could have delayed this to have it well positioned within 7 to 8 months of the US elections.  That way he looks like an economic king and genius.  That’s one scenario because ironically it kind of is playing out in that direction right now.  The second: Iraq could have needed some time to get themselves positioned…get some of the Iranian influence out of there…they’ve been passing certain laws…nobody knows exactly but those are two very solid reasons why this may have been delayed…

MilitiaMan – Dinar Guru …I know it is not over just yet, but, very good collective evidence suggests thus far that end is this year effectively. …my bet is placed on that it is 100%. Why…? Because…They haven’t denied it this year. In fact, they have confirmed they have orders to complete the monetary reforms and have accepted them. (USA influenced).  The CBI accepted back in September 30, 2019 +- those orders.  …the process is underway, has been and is not stopping…So, let’s see what happens…now is a possible go time for us more sooner than later…All of this is my opinion.

Mountain Goat – Dinar Guru   …the plan is still basically as it has been all along and has not changed. What has changed now is the forced political support for it and that the US and the IMF now support the sign-off process. By the way we do not have to wait 6 months or even a year for the economy to progress or for the private sector to develop as some…keep telling you…

Mountain Goat – Dinar Guru   Listen folks Iraq has almost three times more resources and oil than Kuwait as well as agriculture and other precious minerals that Kuwait does not have. Kuwait also does not have a viable “market economy” or even much if any private sector industry…So why is the dinar for Kuwait (Iraq’s next door neighbor) with a rate of around $3.30+ ?   So, we know the value in the Iraqi dinar and it is at least the $3.22 prewar rate to reflect it. We must conclude that the rate (to reflect the value) is being artificially stiffened.   [post 1 of 2]

Dinar Investor – Jeff    Second you have seen a lot of articles that if they were to pay for reconstruction with the current value of the dinar they risk it spiking their inflation.  So both reconstruction and trade are post rate change steps…we’re waiting on the 2020 budget and it means the rate change is married to the budget because the post rate change items are inside of the budget…based on all those items that does suggest to us that Iraq throughout the entire year of 2019 has been setting the stage for the rate change. [Post 2 of 2]

Dinar Investor – Jeff    …I saw one of the more popular gurus come out and say that there’s nothing left for Iraq to do other than just change the rate and that is completely incorrect…if there’s nothing left then why the hell am I still waiting? …what are we still waiting on?  How do we know the rate is even going to change?  What reveals to us the rate is gonna change? …Iraq has done more within the year of  ’19 than they’ve ever done before…between January through June they were putting together contracts for trade agreements…Iraq cannot pay outside contractors…with the Iraqi dinar until it’s internationally recognized.  [Post 1 of 2]

Adam Montana – Dinar Guru   4. HCL is in the news. It was ignored for a long time, but now it’s poking it’s head up again, which is exactly what we expect to see before it passes.  The highlight of that list is HCL – once it’s passed, the currency will have already risen in value, or be about an hour from it.  At that point, it’s done!   [post 3 of 3]

Adam Montana – Dinar Guru   3. The Budget, which is always a big deal, is flying through the system. It’s almost being ignored this time around, which should be a major flag to investors! A major component of it is the KRG deal that was made. The Kurds are paying their portion of the deal with a solid 250,000 barrels of oil, which means they are paying in OIL. (This is a topic of it’s own, and I’ll suffice it to say that it’s a GOOD thing that they are paying in oil!)   [post 2 of 3]

Adam Montana – Dinar Guru    Here’s what’s actually going on…  1.  Iraq has gone through some political and social issues lately. The people have made a huge statement, and the GOI (Government of Iraq) has listened. The Prime Minister has resigned, and changes are happening… now. Today is a major date for a new PM to be appointed, and even if they don’t appoint a new one today, the reins change hands. This is a CATALYST MOMENT.   2. Article 140 (regarding some disputed lands) is in the headlines. This needs to be partially resolved prior to HCL completion, and success is on the horizon.   [post 1 of 3]

Adam Montana – Dinar Guru   …Have you ever heard of a “red herring” or a “false flag” or “3 card monty” or anything else, like “sleight of hand”? …MAYBE…Just, maybe… we should be looking at the other hand.  Maybe that “other hand” isn’t the Iraqi Dinar, but maybe it is…I’m not saying the impeachment proceedings and the fuss the news has made about it recently are all a big government plot to distract everyone while Iraq ReValues, of course. But I WILL emphatically and without apology state that when the news has you looking one way, there always ALWAYS seems to be something else going on…And if you kept your attention on what the news wanted you to watch, what will you have missed?  Maybe something that affects you, and maybe not. Maybe the Dinar ReValues in the next few weeks. Maybe it doesn’t.  Maybe you are in the right place, at the right time. Either way, the Iraqi Dinar is in a good place right now…

Mountain Goat – Dinar Guru    So, when can we expect to see the Reinstatement?  I am still seeing the same window open until mid January 2020. If we don’t see it by they we are not going to see it for a long time, probably wait until next January 2021. But I fully believe this is not going to be the case again. Why?  I am saying there is hope more than the previous years we experienced because now the CBI has the official “go -ahead” from the powers to be. Yes, the US and the IMF have told Iraq that now is the time and so they are moving ahead. We will see the results very soon. Just hang in there for a bit longer.

Dinar Investor – Jeff   Article Sept 6, 2012 “Delete The Zeros Must Be At The Beginning Of A Fiscal Year” …this is a little bit older article from 2012.  It’s by Mohammad Saleh.  He was the number 2 guy at the Central Bank for many years.  According to him the “deletion of the zeros” must coincide with the beginning of a fiscal year…from 2010 to 2012 when Shabibi was the Central Bank Governor he made a statement, ‘at the beginning or middle of a fiscal year‘.  That was stated by Shabibi himself…how do they achieve a rate greater than a dollar? ...they have to unpeg from the dollar and peg to an SDR basket.  Will that change their fiscal year?  You bet it will!

Adam Montana – Dinar Guru    Those three items – New Prime Minister, Article 140, and Baghdad and KRG agreeing so peacefully on a number for the Budget, are all GREAT for seeing the HCL move, and that’s what we need to open the path for an increase in the exchange rate. Fingers crossed for HCL news, because when that hits the press…it’s probably a done deal at that time.  We could be a couple weeks out from a huge change. This is all coming together at the same general time, and the combination is exciting.  GO HCL.  GO RV. GO IRAQ!   [post 3 of 3]

Adam Montana – Dinar Guru   At this time, we have a Budget that is on track, including full agreement that the KRG will pay their share of the budget with 250,000 barrels of oil. Article 140, related to some disputed territories, is front and center again. This is an issue that won’t be completely resolved immediately, but it doesn’t need to be. “80% done is done enough” on that matter for us to see the HCL move. [post 2 of 3]

Adam Montana – Dinar Guru  This update is one of the most optimistic ones I’ve had the pleasure of writing in quite some time. We’re transitioning into the next scene for Iraq, and it’s happening now…When the rioting was in full force, I stated that we were in for a bit of a wait. Turns out it was only a couple months. The next step is to place someone in the Prime Minister position, and that looks like it’s going to happen fairly quick. [post 1 of 3]

Dinar Investor – Jeff  Here’s my option on the demonstrations.  Yes they’re gonna continue.  At least right now they’re not out of control and they’re not tearing the place apart…the government was only able to offer back roughly two items without having the rate change…Money and creating jobs for them.  All of their other demands which were additional monies from Article 140, HCL, reforms reconstruction all of those items are contained within the 2020 budget…the 2020 budget is married to the rate change.  They can’t implement any of those additional items which are demonstrator demands until that rate changes…here’s the good news about this…we know that more time is needed to finish setting the stage for the rate change…but they can’t wait too long because the demonstrators are going to be so far up their wazoo tearing the place apart that they can’t wait 6 to 8 months…so that’s good having that lurking in the background…

Dinar Investor – Jeff    Articles  “Iraqi presidencies meet on the completion of the government and the US presence“;  “Details of the Peace Palace Meeting”  …here’s two of those articles…they’re both from February 27 2019.  These are the articles that tell you  1.  The government was complete.  2.  The second one shows you that huge celebration where they all joined together…this is the level of meeting you have when you have completed the government to celebrate…a huge accomplishment of unity…this is the level of meeting you would have shortly before you’re preparing to changed that rate.  IMO this was them kind of having a 30 day stage preparation before changing that rate…[IMO] they had full intentions of changing the rate possibly over that weekend of March 21st 22nd of this year 19.  But it was Donald Trump who stepped in and pulled the plug on that for his own political gains and purposes.

Kaperoni – Dinar Guru     If the Central Bank decides to raise the value, it won’t be overnight but via a float to counter pressure created by significant investment.

Samson – Dinar Guru    Article:  “Parliament holds its session next Monday and the election law is on its agenda“