Dinar Observer Daily

Delta – Dinar Guru   …I have 99% belief that we are going to see this from now to the 2nd of January…

Mountain Goat – Dinar Guru   But many say – Oh – but Iran has all this dinar and they will be wealthy and this will circumvent the US sanctions. Really? …The Iranians are already making billions over the fraudulent currency auctions. Do you think this really matters?  …The CBI told us there is only a fixed amount of IQD now in circulation. I remember them saying about 74 trillion? This was down from three times that much. Yes, they had to reduce the amount by 2/3 and did so. Who cares who has it?    We have some too. So what? This is how reinstatements occur. Some will get rich if they smart enough and willing to invest early when the rate is suppressed. It is now artificially suppressed.  So please all you negative nellies out their – calm down! This is all going to work out and we are going to get our money from this investment…  [post 2 of 2]

Mountain Goat – Dinar Guru   What [is]… on that first list of demands by the demonstrators?  …Yes, currency reform is on the list (as to do away with the currency auctions)?  …This situation is fluid. But one day very soon this is going to just come out and the OFAC sanctions will be lifted on Iraq. When?  I keep listing out the issues that seem now plausible for Iraq to deal with. …It is now all about getting rid of corruption and Iranian influence in Iraq politics. I truly believe…these two items are blocking the reinstatement and must be accomplished to some degree…  [post 1 of 2]

Francis Albert – Dinar Guru   …Iraq is only “On the hook” essentially for break out of FOREX…say (I predict), .86…Traders buy and sell…that will raise the value…all that money, say up to 3 or 4 dollars, comes from people making an loosing money trading. Iraq is out of the picture at that point…because they are just buying and selling ethereal Dinar that don’t and will never exist.  [I would love to see 86 cents…wow.]  Well, I think you would be making a big mistake to cash out at .86 Just my opinion.  I suggest, you tie yourself to your bed, watch FOREX…for a bit…it’s not going to go down.

Dinar Investor – Jeff    I have found something HUGE that no one else has caught on to or noticed.  History right now is repeating itself.   Article “Parliamentary Finance:  Iraq will enter a temporary budget in 2020” Iraq is approving and putting in place a temporary budget…IMO what this temporary budget is gonna do is cover their government operating expenses through Q1.  What that does is gives them time to approve the permanent budget that I told you IMO would be implemented Q2…this article right at the end is telling you the reforms are inside the 2020 budget.  This is huge…

Mountain Goat – Dinar Guru   Article  “CENTRAL BANK HAS BEEN BUYING GOLD IN PREPARATION FOR CURRENCY RISE”   Quote:  “Iraqi Central Bank bought gold reserves of more than 90 tons. This is a cover for the Iraqi dinar IN ORDER TO ENHANCE ITS STRENGTH IN THE GLOBAL MARKETS.”   This is one of those WOW! articles. Why are they telling us this now in the midst of all these demonstrations? Is the CBI about to raise the value of the dinar now because, even though they have bought all this gold the rate of the dinar has actually gone down. So, when will the true value be reflected in the rate?

Adam Montana – Dinar Guru    WTI (oil) at $59 this morning = good.  The Kurds already agreed to a portion of the Budget, and they are continuing to make progress on their own responsibilities. Also good. For those coming late to the party, Prime Minister Mahdi is stepping down and is to be replaced. Reading between the lines leads me to believe that a person is chosen, but they are going to wait until the “last possible day” to announce him. This makes sense to me – by releasing the name at the last minute, they will transition into the next phase with less issues. I like it.  Things are going well. As long as Steve Harvey isn’t chosen to announce the rate, we’re going to be just fine!  [LOL]

Mountain Goat – Dinar Guru   …We know that the HCL is designated to pay out under a uniform rate of close to 1:1 with the US dollar. This is how it was set up. So, the in-country RV only has to be announced now…  I have said this before and I will say it again. Don’t worry about the initial rate of the in-country RV that should come out around 83 cents to a buck. This rate will be pushed to FOREX as the initial rate but it will get driven up so quickly to the real nominal value that you will not even have chance to go to the bank before its around $3+ and maybe even climbs to $4+.  Am I giving you a rate? Yes, we know about the rate now and we know how they plan to implement this process. This is nothing new. This is as close as anyone will get until the rate is actually shown.

Delta – Dinar Guru  …I believe this week or next week we should see an announcement coming up from the Central Bank of Iraq.  This is going to be a big thing because the Committee of Financial Operations they’re ready…they’re lining up everything…

Dinar Investor – Jeff    Article “Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies”  …because Iraq’s inflation is a little bit higher they need to delete the zeros…to curb the inflation that will allow them to mint coins.  And they will have a higher exchange rate because of the deletion of the zeros to support and sustain and allow for the minting and use of coins…

Mountain Goat – Dinar Guru    So, the US is now in Iraq in force. They are pushing to open these budgets and get these much-needed reforms and projects completed. …When will this occur?  It can’t be too long now since the demonstrators demand these payments [HCL] and now the US too is going to force this to happen. Will the CBI convince the US to let the later reinstatement process go ahead, if they pay out? The US will have to let it go since Iraq will have to issue the smaller of the smaller category notes and this initiates the process to delete the zeros that ultimately leads to the reinstate of the dinar for global trading. …What we don’t know is the exact timing and so we sit and wait. Again…I tell you we are in a VERY GOOD, unprecedented, never before since 2012-2013, window of opportunity to see this happen. I do not see this window coming and going like the others of the past. I truly believe this may be it…   [post 2 of 2]

Mountain Goat – Dinar Guru …the main thrust of the demonstrators in Iraq is for the GOI to live up to past promises…to payout on promised HCL (excess oil revenue) payments to the citizens. …This part of the HCL law was voted on and passed, then promised to the people in the summer of 2018, then again in fall. Then one last news article told us in January 2019. But still no payments have been made. Why?   It is because of the corruption in the government. They do not want to open the 2018 budget and now the 2019 budget, as done with other budgets since 2014…they know if they do open the budget it includes many reforms they will be forced to implement and pay for.   It has all been a fraud and a scam run by the corrupt Iranian politicians.  [post 1 of 2]

Dinar Investor – Jeff    News over the weekend told us this week…they are going to try to finish the Electoral Commission Act and submit the 2020 budget to parliament for the first reading…

Dinar Investor – Jeff Article “Political blocs reach a final decision to choose a candidate to head the Iraqi government”  From what we learned over the weekend.  Mahdi and his cabinet will stay in place until the end of December.  Now the news is telling us the political blocks have reached an agreement on a new PM candidate.  That’s great news.  So what the the news is showing us is there most likely will not be a lapse in the PM.  It will just be out with the old in with the new.  Just a seamless transition from old PM to new PM.  And that’s great news for us.

Kaperoni – Dinar Guru  The only way we’re going to see an increase in the value of the dinar is to see laws passed to support a private sector and significant investment in the rebuilding of Iraq. Only then will we see the dinar begin to rise.

Delta – Dinar Guru   AN INTERVIEW TOOK PLACE ON 09/30/19…I JUST GOT IT…WITH GENERAL DIRECTOR OF FINANCIAL OPERATION DEPARTMENT OF THE CBI…Mahmoud Mohamed Dagher.  THIS DEPARTMENT JOB IS…implementing the monetary policy of the Central Bank of Iraq.  HE SAID THAT THEY LAUNCHED THE PROCESS OF  LIFTING ZEROS AND NEW LDS ON SEPT…AND MUCH MORE…

MilitiaMan – Dinar Guru   Article: “Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies…19th August, 2019”   This is a friendly reminder to all who still think that there is any question, as to they are going to raise the value of their currency. Central Bank and Parliaments words not mine. They clearly mention coins and small category notes in support of them doing so... 

Mountain Goat – Dinar Guru   The currency auctions breed corruption and is one of the many sources of massive corruption of all this oil money and wealth of Iraq. Many skeptics still say that there is going to be a lop …this could not possibly be a lop and why this is the basis for us making millions if not billions off this as a long-term investment. ...Don’t buy into this investment if you are wimp and can’t stand the pain of the constant stream of good news then bad news from the Central Bank of Iraq. Since my initial investment in the dinar in 2006 I have learned so much. I would not still be here if I did not have total faith that someday this currency will revalue by having the OFAC sanctions lifted.

Mountain Goat – Dinar Guru   Article:  “October 3, 2012 MIDEAST MONEY”   …Is the Iraqi dinar legitimate currency of [or?] just exotic collectors item?  We know from this article from 2012 that the dinar is in FACT a real currency and is being used inside Iraq as their currency right now. But in 2004, upon its inception, it was not meant to be a permanent currency. …there were many reasons for issuing it. Are these reasons now still legitimate reasons. NO! These reasons are no longer valid and these large 3 zero notes have outlived their usefulness. In fact they are long due to be replaced with normal denominations.

Dinar Investor – Jeff   Article “Trump envoy visits Baghdad and Erbil”  ...as you know the Trump administration is in charge.  The U.S. is the only group or entity that pours trillions of dollars into Iraq without writing loans…the only time the IMF or World Bank ever gave money to Iraq was in the form of a loan.  In the past many gurus have come out and said that ‘oh the IMF or the World Bank gave the green light.’  Guess what?  They’re not in charge.  Trump is in charge of the timing.  It’s that simple.  That’s why recently Pence was there.  Now there’s another Trump envoy there…

Mountain Goat – Dinar Guru   Article:  “October 3, 2012 MIDEAST MONEY”   Quote:  “IN THE LONG TERM, THE CENTRAL BANK AIMS TO MAKE 1 DINAR EQUAL TO $1 with a combination of redenomination and appreciation, ALTHOUGH THAT WILL TAKE OVER THREE YEARS BECAUSE OF INSTABILITY in the Middle East”   (Note: date of article…is from 2012)   I want everyone to know that I am not advising you to invest or not to invest in the Iraqi dinar. I am only presenting an article with my opinion based on what they are telling us from Iraq.   It’s 2019 and the dinar is still NOT freely traded by banks outside IRAQ.   It has been over 3 years already [more like 7 years] and still no RV.   Is it time for this to happen. …I feel these demonstrations may be the key to forcing this change finally to happen.   It is not a matter of having the value to support $1.00 or even $3.00.  It is instead a matter of ending the corruption and getting the political will to just do it.

Breitling – Dinar Guru    …are you ready?  Meaning, when you go to exchange your currency that’s a taxable event.  You’re gonna get hit and you haven’t even bought anything yet.  You go buy a home, you’re gonna get taxed again.  That’s a taxable event.  You go buy a nice car, that’s a taxable event.  You go buy some nice property after you buy your home…that’s a taxable event…That’s what I’m worried about.  I’m not worried about it revaluing.  I never was worried about it revaluing…we know exactly what’s going on based on geopolitical strategy and the cause and effect of what goes on in-between.  It’s a fantastic opportunity you and I have but you better be prepared tax wise...

Adam Montana – Dinar Guru    We are currently looking at some interesting Budget possibilities, pressure on pushing HCL forward, and more.  All good stuff!

Dinar Investor – Jeff     Document  “The Exchange Rate of Foreign Currency in Economic Feasibility Studies 12/4/2019“.    Quote:   “3.  Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar.  This price should be approved for 3 years until re-appreciation by the competent authorities.”

Mountain Goat – Dinar Guru   2)  Ending the corruption and curving the Iranian influence out of Iraqi politics. Since just about every high ranking govt official is involved in one way or another in corruption…They must do something and do it now with the pressures from the protestors. First get something to the protestors that is concrete and they can see the difference. …You all should be VERY, VERY HAPPY at these current events and how this can lead to us finally getting our pot of gold at the end of the rainbow. Remember I said “there is always that pot of gold at the end of the rainbow only you can’t yet see the rainbow until the storm ends”. What did the Iraq news say to use recently? It said the “storm has ended” and so we are now just waiting for the rainbow to appear… [post 2 of 2]

Mountain Goat – Dinar Guru    …the news from Iraq is all about two things:  1)   News from the CBI telling its member banks to stop all financing and loan contracts from Dec 1, 2019 to Jan 1, 2020…this is part of the revenue stream for banks so this is not an easy task to ask them to do for a month, unless it was important. So what does this mean?   …the CBI has wanted to complete the “project to delete the zeros” and then reinstate the Iraqi dinar and that the best timeframe is do this at the beginning of each fiscal accounting year. JANUARY is the beginning of their fiscal year…All attempts so far have been made during this period. So…once again we have a target of now up to early January 2020 to expect this project to delete the zeros to move ahead again and get a rate change in Iraq…  [post 1 of 2]

Breitling – Dinar Guru   If you look at it in chronological order of what we’ve been watching, it’s such a beautiful thing!  You should be very very happy.  It’s a reality.  It’s a huge huge pressure cooker for Iraq right now.  So watch the conversations about the budgets.  Watch what they’re talking about…when is the exact date of when it’s gonna happen?  It doesn’t matter…they can’t depend on that $56 per barrel budget and whatever value they’re gonna add to the currency.  In other words they’re gonna be forced to do it if they take too long…that’s not my opinion.  That’s the language they’re throwing out there…I couldn’t be more excited…It’s a great position to be in.  It’s fun to watch.

Frank26 – Dinar Guru  …Ten articles from the CBI came out today.  I told you they were going to talk.  They were like parrots on steroids…the GOI is exploding in a manner that the citizens want and that would bring in the environment suitable for what the CBI is about to do…

Kaperoni – Dinar Guru     So the protestors wanted PM Mahdi to resign…which he did, but the result will cause delays in reforms.  New formation of GOI will take at least a few months, delays in passing laws also.  The end result is a 6 month to 1 year delay in my opinion of implimenting economic reforms and creating a private sector.  And as usual, parliament loves to have a distraction rather than focus on what they should be doing…which is passing laws…the facts don’t lie.  Until the laws are passed and stability exists nobody is coming to invest.  And until they have significant investment, the CBI will not begin currency reform.

MilitiaMan – Dinar Guru    Article:   “Al-Hadithi: The cabinet will send the budget law to parliament in the coming days”   In essence imo this will expose the 2018-2019 (rider) that may have been or was used to keep the 2020 Budget under wraps to date… And this is all to happen within the coming days… So they say they need to do it quickly, as there is an existence of financial commitments that can not be stopped, thus, they merely suspended the financial commitments (loans/contracts) for the month ending 01/02/2020.