Dinar Observer Daily

RVAlready – Dinar Guru    Mahdi is gone now. The CBI should be able to do the RV. Then the new election law can be enacted, and the government replaced…  I think this will happen quickly, for the protests demand it.

Dinar Investor – Jeff    some of you might be concerned about the transitioning of the government…years ago the central bank laid out two things they needed to see…The security that was finished.  The war.  That was done in December of 2017.  Second step was get rid of corruption officials.  That already happened…  IMO…they’re ready to go on changing the rate.  But they still need to achieve stability…they have to set the stage going forward for transparency and accountability.  That’s where the 2020 budget comes in…in my personal opinion the last step that I personally feel we’re waiting on is just the 2020 budget…Even after Mahdi resigns they’ll still have a caretaker government and the parliament will stay in place…

Adam Montana – Dinar Guru   When the RV is announced, and it will be announced at some point, I have always felt like it would take the world by surprise. They aren’t going to give a “heads up”, they aren’t going to do anything to attract currency speculators.  It’s going to happen suddenly…I doubt “this week” is when we will see the RV announced, but that may be exactly why it IS announced this week!…

MilitiaMan – Dinar Guru    Pence has ushered in what appears to be the foundation for the final agreement set for tomorrow in Baghdad. Keep in mind the salaries that will need to be paid. We know they NSCN’s (lower denoms) will need a rate prior to using them. They are said to be populated throughout Iraq now, as told by Alak that funds have moved in armored trucks in the very recent past. The 28th is the last payday of the month. It makes more sense to to me to pay them in a new rate with nscn’s, than again paying them with a program rate. [post 2 of 2]

MilitiaMan – Dinar Guru     Article:  “Pence gave the green light to the Kurds on the sale of oil without involving Baghdad”  I don’t believe this is an aside for not paying the 250,000 barrels a day to Baghdad. In fact it is above and beyond that amount that could be sold.  This bodes very well for the Kurds and us as investors, as it will seal the agreement for the implementation of the 2019 Federal Budget Law that will usher in the 2020 Budget cycle to come (imo) that has the Kurdistan’s Regional share of it inside. [post 1 of 2]

Adam Montana – Dinar Guru    The players and groups that have an interest in keeping the exchange rate as it is are not a huge group. The “bad” part of the Government of Iraq isn’t the majority…And it appears that change is happening now. Since early October, there have been serious protests in Iraq, and the pressure has resulted in Iraq moving towards some changes that (in hindsight) have been necessary this whole time.  A few of the “bad guys” aren’t going to be happy, and they will put up some resistance still, but they will fall to the side and Iraq’s currency will not stay in the “XXXX:1” range. The question has always been “when”, not “if”.   Over the recent years, Iraq has been at a tipping point. SO CLOSE, all the time!  In hindsight, what was needed is obvious. And it’s happening right now.   [post 4 of 4]

Adam Montana – Dinar Guru    Political players and parties have been able to manipulate the status quo, and profit from it. I would say it’s fair to write down as fact that there are players in this situation that have worked specifically against the RV… because they were making money on the system as it was, and why would they change that?!  Although tremendous ground has been covered in Iraq’s journey back to prosperity, there have been people and groups that had a vested interest in seeing Iraq maintain the status quo (no RV), and keep the people impoverished.  Hope is not lost, though. Far from it, in fact!  [post 3 of 4]

Adam Montana – Dinar Guru    Then the country began to rebuild, …and eventually the world recognized their progress with the official lifting of Chapter 7 sanctions. More progress has been made, hurdles have been cleared, and Iraq is nowhere near what it was in 2003.  All along the path of this rebuilding, we’ve been watching and waiting for a major change. Not that the change from 4000:1 to the current 1190:1 isn’t a “major change”…but it’s not the “major” change they are capable of. It’s not “the” change we are waiting for.  It’s not the change that we know is coming.  As we look back on the last decade plus, with the benefit of hindsight, it’s easy to see how and why they haven’t RV’d yet. It’s quite simple, really:  [post 2 of 4]

Adam Montana – Dinar Guru   I made a mention this week about Iraq being in a good place – my optimism continues. Every week, I read thousands of posts…This last week, I read one that hit me right in the chest…  Quote:  “… in hindsight, it makes perfect sense that we didn’t have an RV before the people forcefully demanded change.”   …I can’t help but think how true it is. And how obvious!  Iraq has made tons of progress. They were thrown into a dark hole when Saddam Hussein was removed. Their currency plummeted from a high value down to a lowly scrap…  [post 1 of 4]

Francis Albert – Dinar Guru   If I was on a game show, and had to, “had to” give an answer, I would say .86 open on Forex.  Well, I would not cash at that, as I believe it would move from there somewhat bullishly. (is that a word?)

Kaperoni – Dinar Guru  The IMF refers to Multiple Currency Practice in Iraq or (MCP).  It has nothing to do with more than one currency. It has to do with the price of goods in various locations that exceed 2%.   …Iraq will always have both the dollar and dinar because they sell oil. Meaning they will always have both currencies in the country.  Many countries have more than one currency prevalent.

Don961 – Dinar Guru  Article:  “Prof.Dr. Mahmoud Mohammed Dagher: * It is the exchange rate, gentlemen”   IMO…IN OTHER WORDS ACCORDING TO THE LAST STATEMENTS OF THE ASTUTE PROFESSOR… KEEPING THE EXCHANGE RATE ARTIFICIALLY LOW ONLY HURTS THE PURCHASING POWER OF LOWER INCOME CITIZENS IN ADDITIONAL HIDDEN WAYS .. SOOOO… IN LIGHT OF WHAT THE PROTESTORS ARE DEMANDING FOR DECENT JOBS, DECENT INCOMES AND DECENT LIVES…THE ALTERNATIVE WOULD LOGICALLY BE TO STRENGTHEN THAT RATE…INCREASE THAT PURCHASING POWER.

Mountain Goat – Dinar Guru   So what do we do now as investors?  We just follow the news coming out of Iraq. By knowing the process the CBI must go through to reinstate the dinar (they told us this process), we know what to look for and how to determine any significant progress in the process moving it forward…

Dinar Investor – Jeff   …the citizens are not going to tolerate this much longer.  There is a huge revelation in this…the government is showing you through the action with the demonstrators how their hands are just tied.  There’s absolutely nothing that the government can do right now to satisfy the demonstrators.  They’re showing you  as clear as day.  They have to change the rate fairly soon…fairly soon could mean over the next few months…they have to change the rate in a reasonable amount of time…I love the news it could not be any better…

Dinar Investor – Jeff  …complete the 2020 budget.  Then change the rate.  Then implement the demonstrators demands.  That’s how it has to happen.  That’s what they’re telling you factually within the news.  They have to do those steps…That’s where we’re at…we look amazing but the factual news from a truth poll perspective tells us that a little bit more time is needed…

Mountain Goat – Dinar Guru   If any banks decide to sell or buy the dinar this is not “trading” the dinar…it is simply working under a “currency broker” license just like all the internet online brokers. So, let’s stop all this nonsense about the banks selling or buying the dinar under this capacity to justify telling everyone that the Iraqi dinar is now already “international”. It is not international until  1)it gets “reinstated” and 2)  OFAC sanctions are lifted. These are two conditions we wait for as investors and we do not go to the bank until these two conditions are satisfied. …There is no other way around it!  [post 2 or 2]

Mountain Goat – Dinar Guru    I have discounted any bank stories a very long time ago. All I know is each bank I visited, when in the US last, all told me that they would not touch the Iraqi dinar…due to ongoing OFAC sanctions.  …The banks DO NOT have a choice to exchange or not. The law under OFAC sanctions specifically prohibits any FDIC regulated banks from dealing with the Iraqi dinar currency, thus legally exchanging it. [post 1 of 2]

Chattels – Dinar Guru   Parliament reconvenes tomorrow. Be still my heart.

Kaperoni – Dinar Guru   …as long as the auctions exist, the CBI cannot substantially reduce the note count.

Dinar Investor – Jeff    …with Iraq they’re gonna have two currencies coexisting together.  So you’ll have a 25k note and a 25 note coexisting together.  They’re not gonna have the same value…Let’s say the rate is $3.00…the 25k note would be worth $75,000 and the 25 note would be worth $25…the two currencies will coexist together with independent separate values…

Francis Albert – Dinar Guru   Reducing the three zero notes in circulation is not the impetus for two simultaneous currencies, …it is simply reducing the three zero notes in circulation.

Dinar Investor – Jeff  …so no one is miss led in any way…No country’s budget contains a rate.  The budget itself is calculated off the rate but the budget never contains a rate…you’ve always seen their [Iraq’s] budgets calculated in the range of trillions of dinar.   When the rate changes it will transition to being calculated in billions of dinar.  How does that work?  The budget has what’s called a writer…it will allow that to automatically change from billions to trillions.  In other words they drop the zeros.  It’s that simple.  My point to you is you will never know that the rates gonna change before it has changed.  They will not let any clues or signs leak out…

Dinar Investor – Jeff  …Let’s clear the air…Lower denoms before the rate change.  That cannot and will not happen.  Reason why?  If they release the lower denoms before the rate change it just became a currency devaluation.  So again they can not release lower denoms before the rate change…the rate change is like a nucleus.  Everything is linked to the nucleus.  Once the rate changes that’s when all the dominoes fall…

Kaperoni – Dinar Guru    …Nothing is happening with the dinar until laws are passed and significant investment comes in through the private sector in Iraq.

Mountain Goat – Dinar Guru   Article:   “IRAQ’S PROTESTS RAISE QUESTION: WHERE DOES THE OIL MONEY GO?”  Quote:  “IRAQI LEADERS HAVE BEEN UNWILLING SO FAR TO REFORM THE SYSTEM,…”  …So can we all see why not the US govt through the US Treasury is holding up the reinstatement? How can they place all this money into Iraq and then watch it mismanaged and have the dinar only crash afterwards?   …“where is the RV”…It is being purposefully held up because:  1.  the CBI wants to move forward but crooked Iranian backed politicians stall it;  2. the US Treasury says not until they learn how to manage their funds, lessen corruption and thus the government is more stable.

Dinar Investor – Jeff   …a few weeks ago I shared a detail showing that Iraq was stressing the need for transparency going forward and that was stated in an article that transparency was key.  That’s what the 2020 budget is all about.  The 2020 budget…is the number one thing that has to happen before the RV.   The 2020 budget is the financial roadmap to the rate change.  Now I have another article saying they are going through the 2018 budget and finalizing all it’s accounts.  And they’re going through that 2018 budget with a fine toothed comb to find all the corruption and all the wrongdoing with the money to use this in preparation for the 2020 budget…

Adam Montana – Dinar Guru    Iraq is in a fantastic spot right now. YES, they have had a rough 6 weeks or so.  The people have been demanding change, and it looks like they are getting it. The GOI is making real changes to their government structure, Parliament is discussing some necessary actions to reduce corruption, restructure their systems, and make a final push towards recapturing their glory days…I’m sure a lot of people have given up on Iraq recently. Quite honestly – this is good for those of us that have chosen to hang in there…with every “loss” of outside investors, Iraq’s obligation to the world decreases, and makes it easier for them to come out with a higher value.  The saying goes, “it’s always darkest before the dawn”.   Iraq has seen some dark times. But dawn IS coming… I’m hanging in there, and I’m thankful that you are as well.

Delta – Dinar Guru  …MSG FROM DEMONSTRATOR TO EVERY IRAQI…  “Baghdad will leave the title of the worst city in the world. Your passport will regain its prestige, and your dinar will be revalued.  Your children will have a better future than yours. The peoples of the earth will respect you and no one will dare to despise you, if you decide to do so and insist on it…the victory of one Iraq“

Mountain Goat – Dinar Guru  …there will be no RV or reinstatement of the Iraqi dinar unless they can somehow get the Iranian influence out of the government politics, clean up the corruption. So why all the hype and panic now about these demonstrations? The sky is not falling in on Iraq. What we are witnessing is exactly what needs to take place. The pressure for the demonstrators is causing all these fixes to happen at warp speed. This is all so good for us and our investment. It is happening and we all should be glad and jumping for joy this is now being addressed.

Mountain Goat – Dinar Guru   …We also just heard this morning 11/18/19 that parliament is going to vote on some needed legislation in regards to these demands.  Then out popped an article telling us that the 2020 budget will reach parliament in the next few days or so for the first vote. Oh – boy this could get interesting real fast. But the budget has an implementation date of Jan 1st 2020. Why? Because their fiscal year begins on Jan 1st… The first quarter of their fiscal year is the BEST time to reinstate the currency. …looks like our early January 2020 date creeps up again. …I am keeping my fingers and toes crossed this time this is finally the beginning of the end of this Iraqi dinar RV ride.   [post 2 of 2]