Dinar Observer Daily

MilitiaMan – Dinar Guru   …articles are out about CONTRACTS…They have to be adjusted accordingly…Let the CONTRACT’s adjusting to a new rate sink in… The Pres signed the 2019 budget on the 4th… Note the articles about Contracts use the word Implementation… So aside from the time line, think about it. Contracts and pricing of goods, needs to be done as well. They imo won’t or can’t put pricing off for long.. We have not heard Taxes and Tariffs being put off or extended…Now think about it…02/04/19 and 10 days less the weekend of two days…Puts Kurds talk of 02/17 for implementation of T & Ts or even the federal budget law to install contracts, imo, right on time…

Kaperoni – Dinar Guru  …There no RV.  Once the GOI is formed (Still missing 4 cabinet members),  parliament returns, begins passing laws we may see the CBI move to a float.

Mountain Goat – Dinar Guru   Article:  “DANNAIR PUBLISHES THE FEATURES OF THE NEW IRAQI CURRENCY AFTER THE DELETION OF ZEROS”    …article from 2012. We know without doubt that the CBI under Dr Shabibi planned to RV in Jan 2013 and thus was educating the people on the new currency in 2012. This is they type of education we are still looking for… So we know the new smaller categories are all printed and ready to be launched since 2012.

MilitiaMan – Dinar Guru   Article:  “The Association of Iraqi Private Banks Organizes a Workshop «Automated Taxation on Direct Deduction Tax”   Electronic and automatic taxation.. New and improved…I am if the view they mean business and the Iraq Private Banks are going to be a huge part of the reconstruction effort…Massive amounts of money will be moved through them especially once they are fully Article 8 compliant with a new non program rate...Alak the phone is ringing…lol.

Adam Montana – Dinar Guru   Article:  “Barzani meets with Mahdi re: HCL (?)”  For those of you that don’t know, the HCL is possibly/probably the last thing we need to see for an RV.  Quote:  “the agreement will be signed between the leadership of the two parties soon”  We all love the word “soon”, but this time… it’s looking very, very real.  Quote:  “the implementation of even two thirds of the terms of the agreement, which is scheduled to be signed on the 18th of this month”   Two thirds or more is PLENTY to suit our needs!  Quote:  “The draft agreement includes 18 items… especially the proceeds of natural resources”   FYI, this is HCL. Plain and simple. There is a LOT of excitement around here concerning the middle of the month. This is a big part of that excitement.  I won’t encourage anyone to get too excited, but I’m also not going to downplay this one… this is BIG. We are in the best situation for an RV that I have ever witnessed.

Sandyf – Dinar Guru   cbi has stated many times “restore and or increase purchasing power of the dinar”  Many seem to think that statement means “restore and or increase purchasing power of the IQD”, but it is not the case. Zambia increased the purchasing power of the Kwacha, by deleting 3 zeros.

Mountain Goat – Dinar Guru   Article:  “KUWAITI NEWSPAPER: IRAQ PAID KUWAIT $ 300 MILLION”  Quotes:  “Iraq finally paid Kuwait $300 million in payment of a series of compensation owed by Baghdad to Kuwait for the losses and damage suffered by individuals, companies, government and international organizations as a result of the Gulf War.”;  “…the payment was resumed at 0.5 percent of Iraq’s revenues starting from 2018, and will increase annually UNTIL THE END OF 2021…”  …just so everyone knows this payment does not have to be repaid completely before they can reinstate the dinar. We are not waiting for 2021. Proof of this was the attempt by Dr Shabibi to reinstate back in 2012-2013. So relax!

Kaperoni – Dinar Guru   …the CBI banking conference (which was scheduled for last fall) and rescheduled for Feb 10/11 has in fact been postponed again to “summer 2019”.  Some have asked my opinion on this banking event and all I can say is the fact they keep postponing it must be a telling sign that they do not want to hold this event until all their ducks are in place.  After all, they advertise “Iraq is open for business” and currently that is not the case. More work still needs to be done…ie currency reform, laws passed etc.

MilitiaMan – Dinar Guru   […The investment conference, which is/was to begin tomorrow (2/10), has now been pushed back to this summer…??]   Yes it appears as such and in my opinion, it was due to that they haven’t shown the rate yet. I was expecting them to cancel with out it.   …There is nothing bad out there to support we are not in a good place today!   Those that were expecting the final rate ahead of the conference, knew in advance if the rate didn’t change they would not be having one.. imo..

ChrisC – Dinar Guru   …I think WS thought this was going to happen last year because it was supposed to and Trump planned for it to.  However, as WS found out with Maliki, Iran swings a big stick in Iraq and these people are hard to control.   Realizing that asking politely and even giving them gift upon gift was not going to work, Trump came up with a new strategy…Trump realized he had to choke out the source…I think all of these sanctions that have made them see stars and tap out was to force them to see the RV as a solution and not something they should continue to interfere with.  He now has Iran HAPPY to get dinar and looking forward to it rising in value… 

MilitiaMan – Dinar Guru   Article: “Iraq, New Iranian Central Bank / “New currency” map is on its way?“  As Frank is saying INTERNATIONALISM is the theme… Converting Dinar into other currencies like the Euro, Ryial, etc.. The AMF is having a meeting on Saturday in regard to Financial Developments.  Well what Financial Developments are staring at us..lol.   WS  data imo is AMF / AAD – IMF / SDR 3x type of developments that need to be discussed. Kinda like a huddle just before executing the big play.. We shall see.. Shall we not? lol.  Is the NEW CURRENCY map on the way, mean the new currency of Iraq is being delivered or has been around the world? Keep in mind Iran told us they did a deal with electricity today and the payments are settled.. In other words past tense…imo.

Mountain Goat – Dinar Guru    4. Abdul Jalil is asking – Why did we do all this international banking reforms and comprehensive electronic banking reforms, if we are not going to raise the zeros from the currency? He alludes to the fact that he thought this was part of the reason for all this past work. So where is it then? Why is it taking so long. Do we need to get the GOI involved to force you to do it?      5. Abdul Jalil attitude on this article puts pressure on the CBI to respond. We all need some positive news on this project. WE have not heard anything from the CBI now for over 3 months. Abdul Jalil is saying that it should not be the sole responsibility of the CBI but to get the GOI involved in the decision process too. I happen to know the GOI is involved and they are the hold up so it is NOT the CBI...  [post 2 of 2]

Mountain Goat – Dinar Guru   Article:  “RAISING ZEROS REDUCES THE MONETARY MASS AND NEEDS A DECISION FROM THE TOP”   Abdul Jalil is telling us in this article many important points.  1.  the banks are now making money outside of the currency auctions (loans, mortgages, card fees, etc..) and perhaps it’s time not to solely rely on the spread of the currency exchange for bank revenues, thus they can eliminate the auctions and get the project to delete the zeros done now (which includes reinstate the dinar);  2.  not raising the zeros complicate contracting with companies;    3.  can hold up the funding for the reconstruction efforts;  [post 1 of 2]

Adam Montana – Dinar Guru   Article:  “Kurdistan Region Prime Minister Nechirvan Barzani met on Thursday with his Iraqi counterpart Adil Abdul-Mahdi in Baghdad.”  Barzani meets with Mahdi re: HCL (?)   “First visit… since the approval of (the budget)”… It’s only been a week!  This is moving, and fast.

Adam Montana – Dinar Guru   OIL  54.00  +0.63%  How can it possibly be more encouraging?  If oil keeps trending, there is no stopping this!

Mountain Goat – Dinar Guru     The answer to this first question is also the answer to the second in that it is the US Treasury that will come around the banks in armored cars, as they do on normal runs, as pick up these physical IQD notes as they come into the banks. Once re-verified by the treasury department, they will be credited back to the banks. The banks will get a set allowance of $$$, probably daily, of funds from the treasury to use for this purpose of collecting these dinars or rather to help facilitate the trade deals. It is normal for the Central bank of the US to allocate funds to the banks for these purposes. Arrangements have been completed for this purpose… …the government must come out with some mechanism to address informing us investors of where to appropriately go to conduct our exchanges of this currency…   [post 2 of 2]

Mountain Goat – Dinar Guru     EXCHANGE PROCESS… Remember how the banks operate. They need to make a profit. …So what…are they going to do with billions and billions of Iraqi dinar in their foreign currency portfolios of reserve currencies? They will need to sell the currency to someone with a spread to make any money off it. …Also where are they going to get all the funding to make these exchanges?  …at this time the banks will already have a customer for the dinar. The US Treasury has already made arrangements with the major/main bank branches to buy all their dinar, if they chose to trade it. So the banks do have a customer and this is why they will be taking the dinar so easily. If it weren’t for this fact there is no way that billions of dinars could be traded and taken into the banks throughout the US by average walk-in citizens.  [post 1 of 2]

 Dinar News Update  The 2019 Iraqi Budget was officially signed into LAW on Monday. Article: “The budget for Iraq for Fiscal Year 2019 officially became law on Monday with the signature of Iraqi President Barham Salih.”  This is a milestone that needed to happen for Iraq to be considered a functioning country.

Adam Montana – Dinar Guru   …I see that I didn’t explain why the HCL is important.    In a nutshell, it’s important to the Kurds so they get a fair share of oil revenue, and ties in very closely to their concerns on the budget. Both of those issues are melting away, right in front of our eyes.  With these two things lining up at the same time, we have the most perfect situation to see an RV that I’ve ever witnessed.  RIGHT NOW is an amazing time to be part of  this situation!

Kaperoni – Dinar Guru   …The dinar will never revalue or re-instate.  It is a process that will take time. Once they get off the peg and begin to float.

Mountain Goat – Dinar Guru   …We know that in order to conduct business with the rest of the world they must significantly increase the rate of exchange on the IQD when they do post it back.  Like I keep telling everyone – the VALUE is found in the Iraqi dinar it is just that the RATE does not now reflect the true value as it is being artificially suppressed due to sanctions. Oh – but we know that officially the sanctions have been “fully” lifted already since 2018. So what is the hold up then?  We know for a FACT that the month of January is the BEST (but not only) month to reinstate the dinar. We just witnessed two attempts to do it in January and both times the NSA (national security agency of the US) stopped it for security reasons. I am now hearing this was due to the sanctions imposed on Iran and that the US needs assurances in two areas before this can move ahead – 1)US forces are secure in Iraq;  2)trade with Iran will not be conducted in US dollars …This all I know and we are still in a waiting mode to how all of this gets sorted out.  [post 2 of 2]

Mountain Goat – Dinar Guru   We are waiting for the opening of the 2019 budget to begin the reconstruction. In doing so we are hoping this will also inspire the reinstatement of the dinar so investors feel comfortable coming into Iraq and investing knowing the currency is worth something and they can easily trade it outside Iraq. The updates to the investment law of 2015 are also in place and so investors can now more easily transfer funds in and out of Iraq under the law. There are also international mechanisms in place to facilitate this action. But one piece that is really needed is to have the Iraqi dinar once again listed on the global currency exchanges…It was not until the UN resolution in 2003 that ripped the IQD off the exchanges. Now they must get it listed back on.  [post 1 of 2]

Adam Montana – Dinar Guru   [With all that has happened they surely “can” RV and I as everyone want them to.  However, what will make them want to do it now vs a month, or say 6 Months from now?  What makes the trigger be pulled?]   One set of letters:   HCL. That, combined with the extremely positive budget. This is happening now, not 6 months ago, and not 6 months from now.

MilitiaMan – Dinar Guru  Article:  “Published the text of the Budget Law 2019 after the ratification of the President of the Republic”  Well, imo every citizen in Iraq, including the politicians are looking for the public announcement now on the results that should be found within the 2019 Budget.  The rate for many things and imo most likely HCL monies are in there, which has to be what everyone in the world that owns Dinar is waiting for… The citizens may get retroactive pay too…So by this and with Frank’s opinion (among others) everything is done and we await for it to come to us.

Adam Montana – Dinar Guru   If you’re not already squirming, let me tell you – this is awesome news. A happy GOI is a GOI that we can get behind, because it’s one that is more likely to RV. And this is possibly the happiest we’ve ever seen them! …we have more…I’m trying to contain my excitement…We may have an HCL agreement shortly!  …THIS is the kind of movement we need to see for an RV to happen, and I didn’t want to release the news without a full confirmation…you know I’ve been on an “HCL-requirement” …No HCL = no RV…and now, after a long ride, it’s not just on the horizon – it’s coming at us, lights flashing and horns blaring! … the time that we have been waiting on may be over. There is news out right now that is more encouraging regarding the HCL than ANYTHING I have ever seen, and that means we’re almost there. [post 2 of 2]

Kaperoni – Dinar Guru   Huge juice this morning…the US Treasury acknowledges they are ready to support Iraq and Kurdistan in promoting a market economy.   This announcement is probably the best news that Iraq is ready to open up to the worlds financial system.

Adam Montana – Dinar Guru   …the stars are lining up very nicely right now.  …First, the budget was submitted, signed, and looks like it will be passed, with a HUGE keynote – a significantly acceptable portion of the budget going to the Kurds. This has been a major point of contention between the parties over the years, in fact it’s possibly the biggest point of disagreement and reason for delays in the budget approval process in recent history. …the budget…needs to be published in the Gazette to be official. This may be happening yet this week, and if it does…that will be insanely quick. [post 1 of 2]

Kaperoni – Dinar Guru   So the 2019 budget was signed into law today…those hoping for a RV or some other overnight change in value as a result will be disappointed.  Not how it works…

Adam Montana – Dinar Guru  Article:  “The President of the Republic approves the Federal Budget Law”  [Hope it doesn’t take 2 weeks to get published in the gazette…]  …the timing of this publication will be very important…

MilitiaMan – Dinar Guru   Article:  “Central Bank: We bought 20 trillion treasury transfers to move the market”  Quote: “With the increasing confidence of international banks in the Central Bank of Iraq and the lifting of restrictions and barriers”  I really do think this article is massive in that it shows they are ready to defend their new currency!! They have now told us they are ready to go live with an international exchange company that will be traded on the Iraq Stock Exchange…In addition… we see the lifting or restrictions from the CBI directly. The CBI is talking very loud…imo.  Well, them telling us they have lifted restrictions and now having populated them selves with 20 Trillion in treasuries to support their currency, it is all but go time. imo.