Dinar Observer Daily

Adam Montana – Dinar Guru  [Since I have been on this investment (10years) the dinar rate is moving in the wrong direction (Devaluation) from 1166 – 1182 – 1190.]   …I don’t think we’re seeing anything to worry about.  A change from 1166 to 1190 is miniscule and barely worth noting…I think we are going in a good direction. 

RVAlready – Dinar Guru  [Question. Is it to say that Iraq depends on stable oil prices in which to submit, ratify, and approve a budget?  I ask because one would think that contingencies would be in place for such a volatile resource.]  That would depend on current rate vs budget minimum target rate. A question I cannot answer….there is probably room to spare in the numbers. They have been at this a long time. So, they probably have room to play before they would alter the budget. Also…they have plenty of monetary reserves.

Mountain Goat – Dinar Guru   Will we see the “reinstatement” of the Iraqi dinar this month?  All we can go by is what we know as FACTS…We know that Jan 2013 is a known past planned targets to reinstate the dinar. Even Dr Shabibi came out in a news media talk and told us that Iraq had an “unprecedented” opportunity to reinstate the dinar. But they failed due to political corruption.  Three other targeted times but NOT attempted like in 2013, also occurred for January 2011, 2016, 2018. The CBI also came flat right out and told us that “EARLY 2017” was a target but due to ISIS war not completed this would be delayed. So it seems that EARLY January is significant. When we research we find out that the accounting period (fiscal year accounting period) for Iraq begins Jan 1st not oct 1st like in the western world. Could this make a difference as to why they select January each time? This may always been the best opportunity for them to reinstate the dinar.

Checkmate – Dinar Guru   …I’m here because I know for a fact it’s going to happen.  If I didn’t think it was going to happen I would sell my dinar…But I hang onto it because we’ve done our homework…but we don’t know that it’s this month…Now if it’s this week that’s wonderful…it will imminently happen sometime in history and I also believe that should be very soon…They are doing it…The plan is to do it as soon as possible…Do I think that huge thing is going to take place in 5 days…I am not longer going to do that…Eventually Iraq’s going to get their money back…they are going to re-categorize the dinar…

Adam Montana – Dinar Guru   … I think this year is going to prove different than the last.  …It shouldn’t come as a surprise that the tail end of 2018 didn’t bring us an RV.  Iraq operates on a global scale, so things that happen around the world do have an influence on them.  2018 was the worst year in the stock market since 2008. More importantly, US crude posted it’s first loss since 2015. Those are not specifically Iraq’s losses, of course, but lower oil prices affect ALL oil markets. Combine that with a general lack of news regarding the HCL and we have an obvious situation where they would not pull the trigger. We’d all like to think that Iraq can pull off an RV with lower oil prices, but the current market needs to change for Iraq and everyone else to be confident.  It will happen, of course. But this doesn’t look like the week for it. Not that I’m discouraged at all! The current market is a temporary thing. Nothing negative has happened to scare us from the future of this venture. And I don’t think anything has changed to make Iraq no longer want to regain their former position of power and influence.  It will happen. The question is only “when”?  

Breitling – Dinar Guru  The next big step for them was…the volume of currency that was out there.  Then they had full control over the Iraqi dinar.  So what are you and I looking at?  Why am I invested?  …I see an undervalued currency.  Just like Warren Buffet sees an undervalued stock in the stock market…I can tell you where the value was at.  I can tell you where the value is right now.  And I can tell you what the value could be.  The difference between Warren Buffet and us is that he has management rights.  We don’t have management rights.  We have to have confidence in the…people who are managing it to get it to where we want it to be.  We’re just investing in an undervalued currency…Don’t tell me it’s at true market value…there’s all this hidden value in it.  The people who don’t see it, hey that’s on you…it’s the most legitimate thing out there.  It’s a huge opportunity.  The question is, when.  You and I don’t have control over that.   [post 2 of 2]

Breitling – Dinar Guru  …We’re looking at a currency [Iraqi Dinar].  We know what it used to be worth…the highest it was worth was $3.25.  Saddam Hussein through his manipulated currencies said it was worth $3.75 but we know that’s not true.  We had the first gulf war and it took a huge hit.  So we know what the value went to at that stage.  The second gulf war we knew it was going to drop to compete nothing so we injected the Iraqi economy with $1.5 billion worth of U.S currency so when we did the shock and awe they had money to spend…later on down the road they printed the currency that you and I have and they actually had to put $1.5 billion more U.S. dollars more into the economy because the popularity of the currency [Iraqi dinar] started going up.  So what were they trying to do?  Control the pace of the economy of Iraq.  They actually had to do this a couple of times…[ post 1 of 2]

MilitiaMan – Dinar Guru  Article:  “An economic artery will link Iraq to Jordan for decades” Quote:  “…both countries would arrive at details of the transfer and cost of export of Iraqi crude oil to Jordan before 2 February 2019.”…  They have had this in the works for years… Fees and Customs Duties.. Taxes and Tariffs will automatically adjust when timed accordingly and appropriate!! IMO …we are in a sweet spot.. IMO.

Mountain Goat – Dinar Guru   Article:  “AL-TAMIMI: IRAQ WILL BORROW FROM 21 FOREIGN PARTIES IN THE BUDGET OF 2019”   Quote:  “The 2019 budget is going in the wrong direction,” she said.”  Tamimi is an MP on the finance committee.  I would listen to her closely.  She is also the one that first exposed all this corruption with the currency auctions years and years ago and we all know this is in part, why the reinstatement is taking so long.  We also know that in part the new Nov sanctions on Iran were designed to force Iraq to close down the auctions and use dinar for trading purposes with neighboring countries. But in order to do this they must first reinstate the currency… 

Frank26 – Dinar Guru   YOUR FOCUS SHOULD ONLY BE ON…WHAT THE CBI DOES WITH THE RI OF THE IQD…NOTHING ELSE.  FOR ALL ELSE WILL AUTOMATICALLY ADJUST POST RI.

Kaperoni – Dinar Guru   …monetary policy is not some random act. Monetary policy is based on statistical analysis.  Iraq is not at an artifical currency rate.  …The rate is the current exchange rate that has already appreciated since the dinar was introduced in 2003 from about 3400 to $1 to 1166 to $1 by sound montary policy under Shabibi. And since 2015 the dinar devalued to 1190 to $1 as a result of IMF intervention.  This is the true dinar rate.  There is no RV or RI.  If the dinar is ever going to continue to appreciate it will be based on sound monetary and economic principles.  This can only occur if Iraq opens it’s banking and financial system and creates a private sector in which foreign investment can come into Iraq. Only then the dinar will appreciate in value via a float.  …As I stated, Iraq has much to do before the dinar can rise.  Happy New Years to all.  Let’s hope 2019 is prosperous for all.

Happy New Year!! Stay safe everyone.

Mountain Goat – Dinar Guru Here comes HCL….Article
quote:  “The oil and energy parliamentary committee confirmed its intention TO APPROVE THE OIL AND GAS LAW DURING THE CURRENT PARLIAMENTARY SESSION.”  Iraq will need HCL and Article 140 to forward with a reinstatement…So it looks like this new govt is in support of getting this done, finally.

Sunkissed – Dinar Guru   Article:  “The Central Bank allows companies to mediate the sale and purchase of foreign currencies”   THIS IS PART OF WHAT WE ARE ALL LOOKING FOR!!! imo.  When a company “mediates the sale” — that ‘s a fancy way to say that they get to take a percentage of the profit…a broker’s fee!  They are outright telling you that the IQD will be traded – bought and sold – by big investment brokers. In other words…rather than the auctions done by the CBI — now you want to EXCHANGE dinar for another currency, like the USD, Rial, Yuan, etc.   Go to a brokerage firm that handles that. You don’t need to come to the CBI to buy and sell the dinar or any other foreign currency!  For me, this is the preamble for stopping the auctions!!

MilitiaMan – Dinar Guru   As for a couple other items centering around the taxes and the date of 01/01/19. Who is scheduled to be in DC just before that date?   Mahdi…Who told us Monetary Reforms can take up to 5 years time? The IMF.  Who told us that as of 01/01/18 that the second set of books were completed for four years? Yep! [Guru] Walkingstick!  Well 01/01/2019 is the fifth year… Now that may all be circumstantial to you all, but, it sure isn’t to me… in fact the evidence suggests this year will be taken care of possibly as soon as tomorrow night [Monday] 11:59:59!!   One more thing,  the source that brought me the forex traders, brought me that the high level traders expect the iqd should go live 01/02/2019 or 01/03/2019 per holiday trading time lines…

Mountain Goat – Dinar Guru   …Just so everyone knows that there was NO violation of sovereignty since the Iraqi government did know about the visit. There was no meeting with Iraqi officials due to the timing of the meeting and still the uncertain security situation. The renewed “US-Iraqi Status of Forces Agreement” (SOFA) is still in force and legally allows US forces to travel to Iraqi bases. This was renewed in order for the US to come into Iraq and help fight ISIS. Remember?

RVAlready – Dinar Guru  “We are close but we still have a large group in Iraq that doesn’t want this. That’s our problem”  I do not think Iraq has a large anti-RV group. Perhaps more a few powerful guys with vested interests, and a few that hate the west…. I think the general populace favors the RV…… There is, undoubtably, a group of hard core, anti-western thinkers, some aligned with Iran, some not, that do not want an RV…I prefer to concentrate on receiving the blessing, and going from there…

RVAlready – Dinar Guru  “I really think that this new government is the key and that’s why iraq is having so much trouble getting it finalized because they are fighting against Iranian influence.”  The RV will help so many people. It is a shame to see it held up. BTW, it will also benefit Iran, so I do not see that as a reason for a hold….. We already congratulated Iraq on having the government done. And the 3 presidents could always take the last 3 posts…Yes, their [Iran’s] government hates the west. But I do not think that is the hold. I think Jan 1 is the plan date. I do not think the CBI is holding it back. Everything I have seen says CBI wants this done.

Mountain Goat – Dinar Guru I told everyone there are still two remaining laws to be passed to fulfill the constitutional requirements. I was told many years ago without a full implementation of the constitution there will be no reinstatement of the dinar…So…we see the HCL this week and last week Iraq talked about the Article 140 requirement. Why is this?   ...the GOI has to do its part and make sure the proper bills go before parliament and parliament passes them…Or no reinstatement.  So all this news about passing HCL and Article 140 suddenly shows each time we get close to any reinstatement.

MilitiaMan – Dinar Guru   My view is Mahdi is in DC now…  Article quote:  “He’s [President Trump] staying in Washington, D.C., over New Year’s. He’s canceled his plans for Christmas. Now, he’s canceled his plans for New Year’s,”  That is a good find. It supports Mahdi and Trump, have business to tie up… imo…I see no cancellation of their meeting.. imo.

Mountain Goat – Dinar Guru  I am hopeful that 2019 will finally be our year. Right now, it is surely shaping up that way. I can’t predict if the reinstatement will happen right at the first week in January but I will say it is very close as we see many signs. Yes, the CBI is still targeting sometime in January as this is the BEST time to do the reinstatement (but not the ONLY time they can do it).

Arthur – Dinar Guru  There is a direct correlation as to why we have never seen an implemented HCL and we have not seen the deletion of the zeros. IMO the HCL was always designed to be distributed in revaluated IQD. There is question as to whether the RV needs the HCL or the HCL needs the RV but either way they go hand in hand and need each other. The timing of this article is by no means coincidental. Nor was the “secret” visit of the POTUS to Iraq. The beginning of the 1st quarter of 2019 is looking very promising indeed.   [post 2 of 2]

Arthur – Dinar Guru  GOI + HCL= RV.  GOI wise… its gonna require the voting in of the 3 remaining important ministers or the PM temporarily absorbing these ministries by proxy.  As for the HCL “Parliamentary intention to pass the law «oil and gas.” A member of the oil and energy parliamentary committee on the reform and reconstruction movement, Ali Aboudi, the determination of his committee to approve the law of oil and gas, during the current parliamentary session.”   He went on to state the importance of passing this law now and that they need to “join the process of distributing the oil wealth to the people.”  [post 1 of 2]

*** Dinar News Flash *** U.S. President Donald Trump made a surprise visit to the troops in Iraq on Christmas evening.  It wass reported he assured Iraq there are no plans for the U.S. to end operations in or support to the region.

Kaperoni – Dinar Guru   Quote from John Bolton, Assistant to the President for National Security Affairs:  “In Iraq, President Trump spoke w/ US military leaders about the progress to secure total victory against ISIS. He also spoke w/ Iraqi Prime Minister Adil Abdul-Mahdi, and invited him to visit the White House. We look forward to hosting him DC.”

Mountain Goat – Dinar Guru   “PRESIDENT TRUMP MAKES CHRISTMAS VISIT TO TROOPS IN IRAQ”  So this really happened. It has NOTHING to do with the reinstatement of the currency…However, it a sign to us that the country is getting safer. But a “state” visit was NOT the purpose of this trip for Trump. He promised to return when the government is “fully” formed. Wow! This simply a visit to the armed forces base in Anbar…the visit was not actually surprising to the Iraq government but was asked to be kept quiet. Trump did say he fully intended someday soon to return for an “official state visit” but only when Iraq was ready.  

Tman23 – Dinar Guru   Damn interesting that Secretary Treasurer Steve Munchin shook the markets after it leaked that he called banks to check if they had enough liquidity…WELL DO THEY??  AND WHAT IS ABOUT TO COME?  It is getting close to the New Year when Iraq MUST do the ZEROS…we shall see what that entails as this is also the year for USA infrastructre rebuild to kickoff…Like what i’m seeing…hopefully the dinar bares fruit shortly!

Mountain Goat – Dinar Guru   Article:  “THE PARLIAMENTARY ECONOMY REVEALS EFFORTS TO AMEND THE INVESTMENT LAW TO INCREASE OPPORTUNITIES”  Folks this is a BIG one. This law needed to be amended to facilitate foreign investors into Iraq.This was noted in the Kuwaiti conference and so finally we see it amended almost a year later. They sure do take their time…lol…We know for a FACT that the reinstatement of the dinar is supposed to be the launching pin of the 2018-2022 reconstruction effort.   Article quote:  “and to raise the market value of the Iraqi dinar”

Kaperoni – Dinar Guru Article quote:  “President Trump and the First Lady traveled to Iraq late on Christmas night to visit with our troops and Senior Military leadership to thank them for their service, their success, and their sacrifice and to wish them a Merry Christmas.”  Trump makes a surprise visit to Iraq.

Chattels – Dinar Guru   Article:  “Iraqi blocs resume their dialogues for “consensus” on the remaining three ministries of the government”   Quote:  ” …the remaining three ministries: the defense, the interior and justice, waiting to vote in future sessions. “