Dinar Observer Daily

Frank26 – Dinar Guru  …Allaq IMO was scheduled by the CBI to announce to the citizens the new category notes, the descriptions of them, the exchange rate, the reason for the removal of the 3 zeros, everything.    But every weekend there seems to be something that stops it.  IMO  right now the CBI is huddling up with all its banks.  And everything Allaq was about to release is what they are reviewing and going over.  They know everything they want to do.  Ironically the only thing they don’t know is a date.

BGG ~ Highly dubious information…

Dinar Investor – Jeff     Article:   “Parliament Finance:  The draft budget law will be sent by the Council of Ministers on April”  …why is it important to know what’s going on with the budget?  The country of Iraq has never approved a budget this late before.  Every year for the last 11 or 10 years they’ve typically had the budget done…and…passed the budget off to Parliament by December…they typically finish February to March.  This is the first time in their history that in 11 years that I’ve actually ever seen them delay a budget until April.  That’s very significant.  IMO that’s telling us they are waiting until after the rate change.  Remember the budget itself will not contain a rate but it’s pegged to the rate.  That’s why they have to wait…

Adam Montana – Dinar Guru   I don’t have an RV date to give you. But I do believe that towards the end of this week, we’re going to have a reasonable amount of information to use in making such a prediction.  And I also think it’s going to be extremely favorable.  Time will tell if I’m right…and there are some of you who are going to reap some amazing benefits.  [post 3 of 3]

Adam Montana – Dinar Guru   The barriers that have kept an RV from happening are being eroded, and quickly. I know, that’s not what is in the headlines…but that’s what is really going on.  Where we are today, then, is on the cusp of some serious change…The facts are right in front of us – we have never seen this kind of change, and it’s happening on top of everything else that Iraq has accomplished.  Will we see a new Prime Minister this week? Possibly yes! There may be one final attempt to slip in someone with Iranian backing, but that will fall on it’s face, and my prediction is that the people are going to get what they want. As that happens, Iran’s grip on Iraq is going to be severely weakened, and things are going to happen.  Fast.  [post 2 of 3]

Adam Montana – Dinar Guru    The big news going on right now in Iraq is the impending selection of a Prime Minister. Over the years, we have witnessed a series of Iraqi politicians that were really Iranian puppets…they were not looking out for Iraq. As of last October, there has been a major shift in Iraq. The people protested, rioted, and demanded change. The face of their demands was simply to improve their lives, but the heart of the matter comes down to removing the Iranian factors. This is the main reason there is no Prime Minister in the place of Mahdi already.  …between the Iraqi’s recent protests, and a bit of US and other outside influences, the Iranian factor is being whittled down.   [post 1 of 3]

Dinar Investor – Jeff …during the next few days or by Friday they’re saying that they should be decided on a prime minister…

Mountain Goat – Dinar Guru   Article:  “TRADE BANK OF IRAQ IS EXPECTED TO STOP PROCESSING PAYMENTS TO IRAN” …the goal of the US is to STOP all payments to Iran. This is part of corruption elimination and this is going to move ahead yet even more as they uncover the extent of all this Iranian corruption. Where is all the much-needed Iraqi reconstruction money going? Why does the 2020 budget have to have a deficit?  …I keep telling everyone that Iraq is filthy rich with oil revenue money however it’s a free for all for the taking. Corruption is so rampant.

MilitiaMan – Dinar Guru   They haven’t shown us the rate yet from the 2019 FMLA. The rate precedes the 2020 budget, just as the NSNs will need a rate – just as there is no need for the new PM. There will still be future elections to contend with and an on going concern, which are mostly unrelated directly daily goings of the CBI. They sorted their game plan already. Now we wait and see if the CBI reports accordingly 01/01/2020 – 01/31/2020 without a program rate attached to it…   [post 2 of 2]

MilitiaMan – Dinar Guru   We imo don’t care about the 2020 budget, we/I care about the 2019 Financial Management Law Amendment that was passed and voted through under a residing and legal Prime Minister, just as was the 2020 Budget Law was two days prior to the PM ever resigning. All legal and legit. The 2020 budget has the ability to adjust over months at 1/12th the budget, while they get the new rate sorted out. That is why imo the law was done accordingly and hidden to a large degree. [post 1 of 2]

Mountain Goat – Dinar Guru   …Why is Iran making all this trouble via their militias?  They are doing it because they know their days are numbered and it is their last desperate attempt to remain in politics and have influence in Iraq.  Basically, they want to control Iraq. They want to make Iraq a puppet state of Tehran.  …These Iranian militias have to be dealt with or we will never see peace in Iraq and never get the stability we need for an RV…The dream of a prosperous and abundant Iraq will never happen.

Kaperoni – Dinar Guru    An interesting opinion piece came out a few weeks ago discussing what would happen if the US left Iraq.  What caught my attention was the reference to floating the currency.  Why would this be a topic unless this was the plan?

Tman23 – Dinar Guru    YOUSSFAD ALI TARIK HAKEM …. is name being floated in the inner circles as PM … a business scholar with deep western ties … an excellent anti Iranian choice which means Sadr is not in favor.

Breitling – Dinar Guru    …Let’s talk about the information that comes from the CBI – the chart where you see it  [the note count] coming down…I don’t have access to the CBI but I do have friends that have access to the CBI.  Basically their answer was until the CBI corrects that and puts out a statement that’s what you live by…what you can count on is the rate is correct.  And also when they say they are reducing the note count, they’ve always reduced the note count.  Until the CBI corrects it follow the trend.  They’ve never not followed through on what the trend was…they’re reducing the note count.  That’s it…has the CBI come out and said they’ve made a huge mistake…no they have not…the overall trend is they are reducing the note count…Iraq’s going to revalue their currency...

Dinar Investor – Jeff  …stop worrying about the formation of the government.  Iraq has been approving and amending laws.  At the end of December they approved the Election Law or amended it.  Just a few weekends ago they amended the Financial Management Law.  Iraq has come too far setting the stage to go back now…Timing is critical to them…the current PM Mahdi will just continue to stay in that position for like another 3 months.  January, February,  March.  That means he’s in there at least until Q1.  They’re also saying this week they’ll probably put another PM in on Thursday-ish…either way their overall progress is too far along to go back…Iraq’s government is fine.  The current status of the government will not slow down the rate change…Iraq has enough stability.  They’ve come too far along to stop right now…

MilitiaMan – Dinar Guru  Article:  “Al-Nassiri: We need a systematic movement for economic reform”  No doubt we would like the party to get started and based off the article from Nassirri, it tells us they are doing things and in fact are ready for exactly what we have been waiting for all these years. For instance, the CBI spent about $190 million on nscn’s and fils, reduced the note count by 45 trillion real close (See Charts at CBI), have a large deficit noted in the next budget that cannot be filled based of their recent note count reduction…The End of Month is coming soon and they have reporting to do. If they have a significant rate change above a program rate they’ll need to announce it ahead of time or real close, as this time it wont be based off a program rate…

Breitling – Dinar Guru    …Iraq has suggested that the U.S. remove their presence in Iraq.  The President has said if this happens Iraq’s accounts will be frozen in the U.S…Could this in any way interfere with the revaluation of the the dinar?  Look, Iraq is not going to kick the United States out of the region…This correlates a little bit with Trump talking about that we have billions of Iraq’s money.  That’s in U.S. dollars. When he did that interview [1-11-2020] he’s talking about dollars…what’s energy traded in?  It’s traded in U.S. dollars.  That’s how we’re able to have access to their accounts.  They’re in our banks and our reserves… 

Chattels – Dinar Guru   Article quote:  “Baghdad / Nina / The economist Raad Tuwaij confirmed that the 2020 budget is an inflated and critical budget due to the high deficit rate to 33%, which is a large deficit that will cause a decrease in the value of the Iraqi currency and a decrease in the purchasing power of the Iraqi individual.”    There are some who say that inflationary pressure is a friend of a currency value increase.

Adam Montana – Dinar Guru   Pressure is REALLY heating up to replace Mahdi… and it looks like Iran is losing the “(s)election”.  If they get anyone in there that isn’t an Iranian puppet, we are on the fast track.

Kaperoni – Dinar Guru     For once…guru Jeff is right…The 2020 budget does include a public/private partnership to launch the private sector and begin significant reconstruction.  But it does not involve a rate change for the dinar.  If the currency is to appreciate it will not be some random act.  But a decision to get off the peg and float the dinar as a result of inflationary pressure created from investors and an influx of capital to create a private sector and rebuild the country. This is not an overnight event.

Mountain Goat – Dinar Guru   The US wants all funding to terrorists to end… So this is the situation like it or not...it may be better to face Iran now and suffer any consequences NOW than to continue and prolong this Iranian influence any longer. We will NEVER see our RV with it. It may take some time to get Iran out but at least now the process has begun and is being aggressively applied. How long will it take, we don’t know. But there is a plan and the US and Iraq now are jointly working towards it. This is the VERY GOOD news today...  [post 2 of 2]

Mountain Goat – Dinar Guru   I want to remind everyone that the end of January is just around the corner. The month of January is noted as the BEST and MOST OPPORTUNE time for the CBI to conduct the reinstatement.  Can they do it by end of January? …I don’t think so.   Does this mean we wait until next January 2021?   Very possible we may have to since now they are talking about not even implementing the China deal with Iraq until 5 months from now. Seems 2020 is going to pass us by real fast. Another wasted year gone…I believe that over this coming weekend things could drastically change, if a prime minister is seated. [post 1 of 2]

Dinar Investor – Jeff    …what have they told us with the 2020 budget?  They’ve told us that the large deficit within the 2020 budget is actually the reforms.  The reforms are post rate change.  The reforms are also one of the items that is most highly wanted items by the demonstrators.  The UN has recently stepped forth and told Iraq they need to hurry up and get the reforms implemented...the demonstrators are not gonna wait another 6 months…the last step we’re currently waiting on is for them [GOI] to position the money for all of these post rate change items…

BGG –  Article:  “ Al-Khalidi calls Saleh to assign Allawi to form a government and refuse to give in and dictate”   Quote:  “Member of Parliament Muhammad Al-Khalidi called on President of the Republic Barham Salih to win the masses and not to bow to pressure and dictates by assigning Muhammad Tawfiq Allawi to form a government and leaving the final choice to the people’s representatives.”   I’m not sure I agree with the premise here.   Kahlidi is basically telling Saleh to assign Allawi to be the PM and let the Parliament vote yea or nay on his government… but we shall see. I have an idea Saleh wants to find a candidate the protesters can get behind.

Chattels – Dinar Guru    There are no credible reports of the budget having been approved by Parliament. At last report the budget law had not been delivered to Parliament.

Mountain Goat – Dinar Guru   These stipends must come out as close to the 1:1 rate with US dollar as possible as this is the way they set it up to go. This means that they will have to move ahead with the “project to delete the zeros” in order to do this. Yes, these stipends are a triggering mechanism for the RV. It is all part of the same plan and inter-connected.  [post 2 of 2]

Mountain Goat – Dinar Guru   … an agreement has been made over a month ago to pay out the HCL funds to the average citizen and do it now. Yes, now, …not months from now. The constitution states it and we know for a FACT the law was already passed to implement it in parliament in 2018. This is way overdue. The pressure from the protestors is another reason why they must finally go ahead with this project...this is part of the “reforms” they are talking about and want... But there is still the problem with Iran funneling funds to Iran and so this issue is the obstacle… and will continue to be the obstacle until president Trump can resolve this Iranian influence in Iraq. This is not going to change overnight but now we see the path to progress.   [post 1 of 2]

Mountain Goat – Dinar Guru   …Iraq does NOT yet have new prime minister…President Saleh simply announced he has a viable candidate and might nominate him once he arrives from Davos Forum at the end of the week…One rumor is that the citizens want Ali Abdul Amir Allawi and NOT Muhammad Tawfiq Allawi that the President of Iraq chose. This may come to be the final truth but for now Saleh picked Muhammad Tawfiq Allawi not Ali Abdul Amir Allawi. We just have to wait and watch what happens… I believe Ali Abdul Amir Allawi will eventually end up with the nomination.

Chattels – Dinar Guru   Article quote: “If Iraq complies with the sanctions, it could paralyze their electricity sector, which relies heavily on Iranian imports. However, if the country ignores the sanctions after the exemption expires, they could be hit with secondary sanctions, including restricted access to crucial US accounts. Washington is considering blocking Iraq ’s access to a $35 billion US-based account where Baghdad holds its oil revenues, according to Agence France-Presse. This account contributes to 90% of the national budget.“   The foregoing is confirmation of our explanation of the currency account…

Adam Montana – Dinar Guru   …it’s looking more and more like one of the Allawi’s will be appointed PM.  My vote would be for the one that Maliki likes the least, but I don’t get a vote in that.

Dinar Investor – Jeff    The US has poured trillions of dollars into Iraq and shed blood for Iraq.  It wasn’t the World Bank or the IMF…I showed it to you through all of last year.  This is linked to accounting periods…because Iraq came out telling you that the 2020 budget has to be implemented at the start of their fiscal year.  They’re telling you that this is linked to accounting periods…Iraq is probably transitioning back to their original fiscal year.  April/March which is identical to how Kuwait is currently structured.  That’s why Kuwait changed their rate around the end of March to align their rate change with their fiscal year.  You see Iraq is following suite based on their movements and the facts they have shown us... [Post 2 of 2]