Dinar Observer Daily

Delta – Dinar Guru   Article quote:  “The revaluation of the Iraqi dinar is ready to be implemented by the country’s Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019.”   THIS ARTICLE IS FROM 08/16/2017…2019 IT’S…

Kaperoni – Dinar Guru  The dinar you own will never go back to Iraq.  It will become part of the global traded currencies.

Mountain Goat – Dinar Guru   Article:  “Iran pushes Iraq to maintain trade without US dollar”  This has NOTHING to do with the CBI determining when to reinstate the dinar. There is absolutely no connection for pressuring the Iraqi central bank. Will a reinstatement of the Iraqi dinar actually be good for this situation? Actually NO, and so why would the US push the CBI to use the dinar in place of the US dollar.   If it were a good thing the Central bank could they just end the currency auctions and use dinar to trade with Iran. But the fact is it is NOT that simple and the other reasons why Iraq has not yet reinstated their currency still exist. …They can’t just RV or RI cause they need to trade with one country in the middle east. It does not make any sense.  …In the long term this pressure from the US to have Iraq more independent from Iran is the BEST thing that can ever happen to Iraq.

Kaperoni – Dinar Guru    So some are asking the significance of why the government needs to be offically formed for the IMF to engage with Iraq?  Usually on these types of agreements a legitimate government is needed for validating/confirm signatures.   [The normal cycle for Article IV consultations for countries under a program is 24 months. Thus Iraq is not due for an Article IV until the summer of 2019.]   Wrong.  Iraq under it’s programs meets annually.  Not to mention, the representative to Iraq told me directly they will not meet with Iraq until the completed formation of the government…

Mountain Goat – Dinar Guru   …we know Iraq has the plan to coincide the smaller category notes with the larger 3 zero notes together. We know this because the central bank of Iraq itself has told us. This is what really is going to make us rich someday. …If Iraq was going to just “lop” they would have done it already.

Kaperoni – Dinar Guru  Great new article from the World Bank talking about Iraq’s GDP going from 1.9% in 2018 to 6.2% in 2019.  How?  Unless they open the banking system to the world for global investment.

Mountain Goat – Dinar Guru   Article:  “THE THREE PRESIDENCIES MEET POMPEO AND THE LATTER RENEWS HIS COUNTRY’S SUPPORT FOR IRAQ”  Article quote:  “activation of economic cooperation and investment between the two countries”. They are about to get this ball rolling from this 2018-2022 reconstruction plan. This plan, as we know, hinges on reinstating their currency. Why? They will need “free flow” of capital in and out of Iraq and they can not do this having to go to currency auctions and keep converting dinar to dollars. Get it? They will need automated, international systems to transfer money and these systems use the global currency exchanges to convert the currency to the proper exchange rates…

Kaperoni – Dinar Guru    People ask me all the time…”why is it that a float is the only solution for Iraq?”  Because it is the only way to gradually reduce the money supply as the dinar appreciates in value as a result of investment to reduce inflation.   …a mythical RV or RI…Never happening as there is to much (over 40 Trillion) dinar in circulation.  Can never happen. Only a float at this point could work.  There will never be a $3-$4 exchange rate of the dinar. Total nonsense.  Iraq is trying to rebuild and create GDP not go broke paying out on a currency exchange...Monetary policy is pretty well documented for emerging market economies.

Frank26 – Dinar Guru    On the 30th, of December, lifted the 3 zeros electronically. What I’m about to share with you is public knowledge. Why doesn’t the Internet know?  You…have the ability and privilege to receive our study from Walkingstick. Because Walkingstick is working with the Government of Iraq. On the 30th of Dec. 2018, WS firm received 240 contracts from the GOI. They started internally. 24 of them, have already been PAID. They were paid in IQD. The term of acceptance: 30 day contracts. Of the 240, 24 already paid in IQD. That’s exactly what Iraq has to do. I want you to know that these 240 contracts and the 24, they were paid at a rate of 1:1.  Those contracts will start on January 13, 2019. Details on other firms is unknown to us. Believe they are similar and paid in IQD at 1:1.

RVAlready – Dinar Guru  [So the budget being voted on tomorrow [Thursday]. Is that the news we’re waiting on for tomorrow or Friday?] We do not really care about their budget. The RV will happen independent of that. I think parliament is a smoke screen. Stuff in Iraq almost always comes from back room meetings. Sounds like cabinet will be announced tomorrow.

Adam Montana – Dinar Guru   Yes, EVERYONE wins.  Even the OPEC members that may have seemingly “lost” some revenue with their limited production agreement. The truth of that matter is that none of them are in the dark about the potential for Iraq to revalue. They all sit there,innocently and conveniently silent about Iraq’s exclusion from the agreement. Coincidence? I think not. In fact, this is the KEY. It’s staring the world in the face, and only a small group of us are even paying attention.  I’m ok with that.  HCL is still a pivotal issue, but there’s no point in finalizing the HCL until oil prices go back up.  More good news – Iraq is in a very good position to implement HCL, so once we see this graph going up again…game on!   [post 3 of 3]

Adam Montana – Dinar Guru   The good and bad news is this – there are actions being taken to get the price of oil back up.  …Now, think about this little tidbit…Iraq has “confirmed their commitment to participating” in the oil productions cuts. But, as a savvy reader who remembers the details, you also know that Iraq was not specifically included in the original OPEC agreement. Iraq is essentially standing on the sidelines, voicing support, encouraging the action… but reserving the right to step back from it and swoop in on some profits once they are there again, while everyone else frantically tries to organize a vote to release themselves from their self-imposed restrictions. At that point in time, Iraq will have all the time they need to successfully execute a couple days or even weeks of trading, exchanging currency with higher values and reaping profits on said exchanges, and everyone wins.  [post 2 of 3]

Adam Montana – Dinar Guru   I’m still pretty solid about 2019.  In fact, I like it a lot.  Not this week in particular, but in general – I think we’ve got a solid chance…this year! I’ve been keeping an eye on the situation for a few months now, waiting to see the trend I’m seeing right now.  Waiting for all the pieces to come together.  And I finally feel like it’s time to voice the following thoughts. We may all enjoy a lower pump price, but I guarantee you the Middle East and all our Texas oil boys don’t necessarily like them! That’s exactly why OPEC entered into a production limit agreement in the not-so-distant past…because supply and demand drives price.  Oil is on sale right now, due to a very high supply, and I don’t think we’ll see an RV while the sale is on. It’s simply not in the CBI’s best interest to do so.   [post 1 of 3]

Mountain Goat – Dinar Guru  Article:  “ALLOCATION OF 50 MILLION DINARS TO ARTICLE 140”  So folks here it is again Article 140. Do you wonder why now and we project the CBI to reinstate by the end of January? Go figure Article 140 and HCL HOT in the news NOW!   Don’t let anyone tell you these are not important to have the reinstatement of the dinar. The FACT is we were told many years ago that the new Iraqi constitution MUST be fully implemented to get the currency back online…So these are mandated by the constitution. 

BGG – Newshound/Guru   …Personally, I don’t care which way it starts – just as long as it gets going. …Regardless of which way it happens – if the value rises, we ALL WIN!!…

Kaperoni – Dinar Guru   I believe Inflation in Iraq is under 2%.  There are several reasons why the CBI should begin to raise the value…but only time will tell.

Kaperoni – Dinar Guru  …BGG tries to discredit my recent float post by saying it is not supported by and CBI or other documentation. …wrong! In fact it is supported by the experts…the IMF.  My comments are directly related to articles or documentation pertaining to general monetary policy issued by the IMF themselves.

BGG ~ So let’s review… I said – VERY PLAINLY…

…”BGG ~ This is Mike’s (Kaperoni) honest opinion. However, this is all it is – an opinion. In fact, it is an opinion not at all validated by documents produced by the CBI and the US Congress.”… (01-04-2019)

1) I was fairly direct in relaying this was an honest opinion. I did not denegrate him for it nor tell anyone he was “WRONG”!! (like Mike just did – me). Everyone is welcome to their opinion. Having an opinion doesn’t absolutely mean they are right or WRONG (yet). Nor did I say as much – I simply said neither the CBI or the SIGR Report confirmed such logic. In the end, we will see.

Personally, I don’t care which way it starts – just as long as it gets going. This business about arguing over who’s right and who’s wrong is silly. Regardless of which way it happens – if the value rises, we ALL WIN!!

2) I didn’t mention anything about the IMF. Sounds like someone is stretching my commentary to suit a narrative. I mentioned the CBI and referred to the SIGR Report only. All of their documentation is readily available. You be the judge. Fairly easy call.

Phillyman – Dinar Guru  …Today we have another delay due to lack of quorum, this one to January 10.  Some thought remaining positions would be filled, the 140 discussed, the 2019 budget discussed.  I continue to listen to Breitling and believe in this investment…

RVAlready – Dinar Guru   Article:  “Jim Yong Kim steps down as President of World Bank”    Wow. WB president steps down. No reason given. Never thought I would see this…Wonder who else will go between now and the RV/GCR.

Frank26 – Dinar Guru   …NO ONE KNOWS THE DATE NOR RATE UNTIL THE CBI POSTS IT…

Mountain Goat – Dinar Guru   Why do I keep saying “reinstate” instead of “revalue”?  The CBI can’t revalue the dinar since it is not even yet on the global trading platforms. …We must go by pure definition of what being traded means…To be “traded” means that the dinar can be bought and sold on the “open” global currency exchanges like other currencies. It also means that investors in currencies such as hedge funds, investment brokerages, etc, etc can legally pick up the dinar and place them in portfolios such as 401k, retirement funds, mutual funds, etc…The CBI itself tells me they must first “reinstate’ the dinar and in this process they expect a significant rate change. This process stems around the “project to delete the zeros”. They tell me this project must coincide closely with the reinstatement process. This is what we watch and wait for not a revaluation.

Frank26 – Dinar Guru   Article:   “Iran is moving to remove zeros from its currency and curb inflation”   [IMO this is a lop.]  CORRECT…THE COMPLETE OPPOSITE OF IRAQ’S RI!!!  THERE IS ALL THE REASON FOR THE IRANIAN RIAL TO LOP …AS THERE IS ALL REASON FOR THE IRAQI DINAR TO RD/RV/RI!!!

Walkingstick – Dinar Guru   Article:   “Iran is moving to remove zeros from its currency and curb inflation”  Comparing,  apples- oranges… There are no comparable factors between Iraq/ Iran and why they have opted to RD their currencies…. The manner in which it will be employed and or the expectation of results after the fact…In short: Irans reasoning/ necessity due to inflation spiraling out of control, approaching hyperinflation…A factor non existent in Iraq…

Adam Montana – Dinar Guru   [Crude Oil Prices/Future to reach a critical threshold (whatever THAT is).]   $55 is what I’m looking for, with $60 being in the red zone.

Mountain Goat – Dinar Guru  …last summer we got the HCL passed and we were told full activation in Sept since the passing of the law stated Sept time frame for activation. But this of course was contingent upon something. This something we don’t know what it is…Then when Sept came we were told full activation in Feb 2019 along with the sovereign funds. So this is technically overdue. So what is this issue then that they keep delaying this? Could if the drop in the price of oil? Could it be they expecte to have the govt in place and the reconstruction moving along by now and thus also the currency restated? But since they still delay the govt this is delaying everything else?…

Breitling – Dinar Guru    Iraq cannot function…they need $54 per barrel to survive…they’re telling us…in two years it’s going to be $25 per barrel.  That means they’re in the negative.  They need $54 to stay even.  That’s just to make it.  To survive…They are going to be below that by half…it makes me happy cause you and I are sitting on their currency.  What are they going to do devalue it more?  No.  They are going to add value and you and I are sitting on it.  You should be happy.  It’s real…that’s the way it works.  No body can get around this math…You have a hundred years of how countries devalued and valued their currencies and Iraq is no different.  They are going to be forced to do it.  Nothing can stop them from doing it.  That’s what’s so neat about what’s coming up.

Mountain Goat – Dinar Guru   Article Quote:  “…al-Karbouli warned Thursday of dire consequences for the Iraqi economy if the fate OF THE IRAQI DINAR IS LINKED TO LOWER CURRENCIES.”   Could this be referring to the USD? Of course it is since the dinar is not solely pegged to the US dollar … if the US dollar has de-valuing issues, this would also drag down the value of the Iraqi dinar. This article is correct. So the best solution is to get off the sole peg and re-peg to the SDR basket of 5 currencies. Then put the dinar on a float and open it up to the world again.

MilitiaMan – Dinar Guru  Article:  “Under the title No to the adventure of our economy .. Karbali warns of linking the Iraqi dinar in currencies with the lowest value”  My take away is this. Okay, he is concerned the IQD  will be LINKED with other currencies, that may or do have less value. Not my problem…As what he just said, tells me the cat is out of the bag in that they are going to be linked to other currencies internationally…We shall see what happens, and all in my opinion!! WOW.

Mountain Goat – Dinar Guru   We still wait for the Jan 8th session in parliament to see if the last of the three ministers are voted on. Today we heard that maybe they might just vote on the Interior minister on next Tuesday. We wait and see. So right now there is still no indication of a reinstatement occurring soon. I know we all expected maybe January to be our month and this is still the best month for the CBI to target it. The CBI still has this planned for January but, like I keep telling everyone, this is not going to be such a huge surprise when it does occur. We WILL have some indication for at least a week or two ahead of time and see it coming. Right now we do NOT see any of these indicators. Maybe after the last of the ministers are voted on things might suddenly pick up and get crazy. We just sit, relax and wait…

Kaperoni – Dinar Guru   There is a tweet going around that President Trump has tied some RV to a China trade agreement…False. There is no RV never will be. Best we can hope for is for Iraq to open it’s economy to investors and float the dinar.

BGG ~ This is Mike’s honest opinion. However, this is all it is – an opinion. In fact, it is an opinion not at all validated by documents produced by the CBI and the US Congress.