Kirk H. Sowell – Dinar Guru   #UPDATE: The Iraqi parliament is set to meet today, but confirmation of nominations to complete Abd al-Mahdi’s cabinet (8 ministries are empty) is not on the schedule. There is talk on agreement on the non-security ministries, but even the others will not pass today.

DONALD TRUMP SUPPORTERS THINK PRESIDENT WILL MAKE THEM RICH IF THEY BUY IRAQI MONEY

A number of people in the U.S. have bought millions of Iraqi dinars in hopes that President Donald Trump would revalue the currency to make them rich.

Rumors that the U.S. government was planning to set the Iraqi dinar—currently worth .00084 of a dollar—to something equal to or even beyond the dollar predate Trump, going back to the period of Iraqi President Saddam Hussein’s rule before the Gulf War in the early 1990s. The U.S. first took military action in response to his invasion of Kuwait, later sanctioned Baghdad and ultimately unseated the leader in a 2003 invasion, leaving the U.S. in control of a ravaged economy.

As The Daily Beast reported Tuesday, however, this theory has taken on new life under Trump, who some supporters took literally when he promised in April 2017 that all currencies would “be on a level playing field” in response to allegations that China was manipulating the value of the yuan…

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Rebuttal: The use of the above picture as a RIDICULOUS characterization of the current situation – directed towards eBay and how currency may (or may not) be sold there currently, should cast grave doubt on all of the information in this article.

This is VERY OLD currency no longer valid or in circulation. This is the writing of a single, unscrupulous, private eBayer. This was apparently written before Saddam was deposed. What does a single eBay ad from prior to 2003 have to do with ANYTHING?

Why don’t these shills bother to include the SIGIR report (see page 84) as delivered to the US Congress in their final reporting? Because it would be too factual… and it doesn’t line up with their SLANDEROUS tilt… that’s why…

Read More: Dinarupdates.com/blog

Kaperoni‏ – Dinar Guru   …Only when the CBI moves off the peg to a float and accepts Article VIII will we see a gradual rise occur.

Mountain Goat – Dinar Guru   Article:  “AGREEMENT TO RESUME THE EXPORT OF KIRKUK OIL BETWEEN THE IRAQI GOVERNMENT AND THE KURDISTAN REGION”   Okay so let’s now look at HCL. We know the legislation is passed in parliament and the % is stated of “excess oil revenues”. The first payment was supposed to happen in early September but did not due to the new administration. It was postponed again until EARLY 2019. Sleh told us in an article that it would coincide with the release of some money from the billions in the Iraqi sovereign fund.

Frank26 – Dinar Guru   Potus wants to deal with Iran & Mahdi is doing it for him… POTUS going to beat MR senseless on Mahdi… POTUS brokered export of Oil with Kurkut dealing with that & HCL…He wants citizens to get their share of wealth …Iraq about to be flooded with Oil companies & jobs. Investment Law being pushed of precious minerals & metals to bring companies to establish mining in Iraq…more wealth…under HCL.

ChrisC – Dinar Guru  Article quote:  “The central Bank of Iraq, on Monday, unveiled the details of the “Currency structuring” project, which aims to eliminate 3 zeros, to facilitate currency trading.”  I am reading this and it sure sounds like the 2nd article.  Is it not?  I am wondering if Trump has already been over there for a congratulatory photo op and maybe we wake up to this and an announcement of the new asset backed currency.  What do you think?

Delta – Dinar Guru Article: “Structuring of the currency: the Central Bank is preparing to delete 3 zeros from the Iraqi currency”  Quotes: “the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars.”; “…stressing that “this project must be implemented despite the obstacles that led to the postponement.”

The Central Bank is preparing to delete 3 zeros from the Iraqi currency

London – Word: The Central Bank of Iraq details the project, “structuring the currency,” which aims to delete 3 zeros, to facilitate the circulation of currency.

The Director General of release safes Abdul Karim Hassan in remarks followed the word news website that ” the restructuring of the currency project when he put the first time encountered many objections Vtogel to be raised again in 2014 and begin to apply it, but the emergence Daesh was a new reason to postpone it .”

Hassan explained that “the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars.”

He pointed out that “the project allows the printing of new categories of dinar and half dinars down to deal with the bank.”

He stressed that “the idea is integrated and there is a comprehensive study and the project does not need to apply,” stressing that “this project must be implemented despite the obstacles that led to the postponement.”

Keywords: Kalimaiq.com

MilitiaMan – Dinar Guru    [I believe Dr. Shabibi stated that the best time to revalue a currency is at the beginning of the year.] Yes that was many years ago and Alak is at the helm today, and not only times are different now but, circumstances are much better now than then… imo.

 Mountain Goat – Dinar Guru   Article:  “AGREEMENT TO RESUME THE EXPORT OF KIRKUK OIL BETWEEN THE IRAQI GOVERNMENT AND THE KURDISTAN REGION”  Oh boy! This was music to my ears when I heard this news. We have been waiting for this news. This is article 140 referendum implementation even though parliament has not yet passed it. Wow! Like I keep telling everyone we have been waiting for this to happen.

Central Bank reveals to “NAS” details of the project “Structuring the currency”

Baghdad – Nas    The Central Bank of Iraq revealed on Monday details of the project “Structuring the currency”, which aims to delete 3 zeros, to facilitate the circulation of currency.

“The currency structuring project, when it was first floated, faced many objections. It was postponed to be launched again in 2014 and started to be implemented,” said Abdulkarim Hassan, general manager of the issue and treasury, in an interview with NAS today.

Hassan explained that “the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars.” He pointed out that “the project allows the printing of new categories of dinar and half dinars down to deal with the bank.”

He stressed that “the idea is integrated and there is a comprehensive study and the project does not need to apply (probably referring to the study),” stressing that “this project MUST BE IMPLEMENTED despite the obstacles that led to the postponement.”

Keywords: Nasnews.com

MilitiaMan – Dinar Guru   Article quote:   “Adoption of the unified banking number (IBAN) which contributes to improving the level of banking services and clearing services and settling payments locally and internationally.”   IBAN stands for International Bank Account Number.  Now to Prime Minister Mahdi…has his expertise and many years of it and include Oil Minister and Finance Minster and now Prime Minister of Iraq.   He has been around since the origination of the Paris Club, and had good relationship with the Kurds.  Now we see the Kurds are happy, as they turned the oil back on through Ceyan Port to Turkey…back up to 500k barrels a day, as of this weekend… Why do I bring that up?  [post 1 of 2]

Frank26 – Dinar Guru   Article:  “Trump plans to visit Iraq”   Quote:  “US President Donald Trump said on Monday he plans to visit Iraq and Afghanistan in the future.” “I have several plans, including the visit of US soldiers in Iraq and Afghanistan,”  …LAST MONDAY…A WEEK AGO… WE… SUGGESTED IMO…THAT THIS WAS GOING TO HAPPEN… 

Iraqi Dinar may replace US Dollar in Iran-Iraq Trade

Iranian ambassador to Baghdad said Iran and Iraq are weighing plans to eliminate US dollar in trade transactions and also lift visa requirements for citizens of the two countries.

Speaking at a TV program on Saturday night, Iraj Masjedi said Tehran and Baghdad are considering plans to use Iraqi dinar for trade transactions or develop barter trade considering the banking problems caused by the US sanctions on Iran.

He also voiced Iran’s willingness to remove visa restrictions for travels between the two countries, saying the idea of lifting visa requirements for merchants and business people was discussed during Iraqi President Barham Salih’s Saturday visit to Tehran.

Masjedi highlighted the ample opportunities available for the Iranian business sector available in the Iraqi market, saying the Baghdad government welcomes foreign investments.

“The government of Iraq is seeking foreign investment in the economic field, and has now offered 1,200 projects worth $100 billion,” the ambassador added.

He assured Iranian investors of improving security in Iraq, saying the security conditions in the Arab country’s inland and border regions have been getting better since the defeat of the Daesh (ISIL) terrorist group.

The Iraqi president visited Tehran on Saturday with a ranking delegation for a series of political and economic talks.

After high-profile talks between the Iranian and Iraqi delegations, Iranian President Hassan Rouhani said the two neighbors can increase their annual trade from the current $12 billion to $20 billion.

Rouhani also noted that the two sides discussed ways for cooperation in the energy, power and oil industry, including the extraction of petroleum, and a plan to connect the two countries’ railroad networks.

Source: Iraq-businessnews.com

Randy Koonce – Dinar Guru    I have been blessed with sources in several of the the well known 3 letter agencies. It seems that at least for now, all of my sources are once again saying the same thing. Our window is ‘wide open’ beginning right now though the end of November. Even if we don’t see it by then, that does not mean the window closes, but will simply remain open longer than we were told, and through the end of the year. Because of the sanctions on Iran, there is additional pressure for this to happen as soon as possible. It also seems that the plan is to reinstate the currency between $1 – $2…then by the end of the year, to have it ‘established’ at the rate they plan to hold it at for some time. When we see a rate change, you will want to weigh you options and how you want to proceed based these suggested possibilities.  …we are in the final stages of this… I know this administration wants this to be over and now… so we are close…closer than we have ever been in a very long time.  So, hang in there…It’s coming, one way or the other!! Breathe.   [post 2 of 2]

Randy Koonce – Dinar Guru   Well, it seems that the “USS Dinar” continues to sail. However, it does look like this ship is about to hopefully arrive in port very soon… First, are we [we are?] in a new window of opportunity ‘right now’. And I am sure that everyone is like me, and hoping that this will be our last window.  When I say that, it again does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change.  The pressure for this to take place continues to be very great. …Iraq has a new prime minister and nearly all of the cabinet seated. While there have been a lot of rumors flying about who is and who is not over the CBI right now, I do not believe that will impact ‘the event’ that appears to have been finally scheduled.  [post 1 of 2]

Mountain Goat – Dinar Guru   Article quote:   “…parliament is moving to take measures TO RESTORE THE INDEPENDENCE OF THE CENTRAL BANK.”  I did not know the CBI lost its independence. Didn’t parliament pass a law last year establishing the independence of the CBI? So what is this all about? Will the CBI then be able to reinstate the currency too as needed?    Quote:  “the Governor of the Central Bank bears waste more than 7 Billion Iraqi dinars in circumstances attributed to the floods previously flooded the province of Baghdad. ”  Alak was not the governor of the CBI in 2013, the time of the incident….hello!  …But Alak did see the country thru the war with ISIS and managed the funds appropriately. 

MilitiaMan – Dinar Guru   Article:  “The Stock Market Announces The Launch Of National Bond Trading”  Quote:  “The bonds will be launched on November 18 this year, for the first time in the Iraqi market for securities,”   They look to be international as I see it, and they are primarily for those that have very big money! Not for the little guy.. imo.. That is imo a good thing. Qualified Institutional Buyer’s – (QIB).

Mountain Goat – Dinar Guru   Article:  “CENTRAL BANKS SHOULD CONSIDER ISSUING DIGITAL MONEY (electronic form NOT crypto currency), IMF’S LAGARDE SAYS”  …Lagarde is NOT talking about crypto currencies. She is talking about electronic currency much like the USA already adopted…the IMF wants other nations too to go more electronic. We have seen this effort in Iraq to convert them and it is successful and allows them to use the smaller category notes and moves them into the situation where they can even eventually issued more even smaller category notes.

Mountain Goat – Dinar Guru   Article: “Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the appointment process continues to sell ministries between the political blocs in his government.”  So now we know the hold up in getting the remaining ministers. Will they conduct the scheduled announcement and voting of the last 4 ministers next Tuesday Nov 20th or will this too be held up longer?  Just in…The next session moved to Monday, 19/11 at one o’clock.” Go figure

ChrisC – Dinar Guru  Article: “Washington: We will press Baghdad to distribute wealth to Iraqis”  This is SO what we have been needing to hear.  When Trump says you are rich and he is going to “pressure” you, you can get ready because he has apparently had enough of their BS. …We saw one exodus some time ago of the worst corrupt and I bet we are getting ready to see another.  Once that happens, they should be ready to play ball.

Frank26 – Dinar Guru   …They’re lifting the 3-zeros Family. THERE IS NO DENIAL.  They’re also now telling you that the Iraqi Stock Exchange is about to sell INTERNATIONAL – INTERNATIONAL -INTERNATIONAL BONDS! THEIR BONDS FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY!”

Kaperoni – Dinar Guru   Breaking News…it appears that new PM Mahdi has sacked the CBI Gov Ali al-Allaq.  If true and Ali al-Allaq has been removed history of this position has proven that it causes a delay and monetary policy which is not good news for all of us waiting for Iraq to engage their banking system with the world financial system.  It also could have an impact on compliance with the IMF. When previous Central Bank Governors were removed the spread went significantly outside the 2% requirement.  Unless Mahdi plans to bring back Shabibi (doubtful) there will be a period of instability in Iraq thus possibly causing the dinar to fall out of compliance. Setback for sure.  This is the second time we have been close to the beginning of currency reform.  Could end up being a sad day delaying months if not longer.  PM Mahdi is pro reform and is clearly aware of the urgency to rebuild, create jobs and invite investment so I remain hopeful for now.

BGG ~ I disagree. If one faces certain realities, for instance, the ABSURDITY of Alak’s recent excuses for there being currency having to be “destroyed”… and not enough currency where it should be (What do you wanna’ bet there turns out to be more to this story?). The fact that he has been in this position since Maliki appointed him. Before this he was the Sec. Gen. for one of the most corrupt CoM’s to ever be in charge of Iraq. He has since been the one able to maintain the current status quo from his perch atop the CBI.

How, again, is his ouster is a bad thing?

ChrisC – Dinar Guru   Article:  “The central bank reveals the amount of cash and gold reserves currently in Iraq”   Quotes: “there is no intention at the present time to issue any new category and existing categories that cover the need of local Iraq.”; “Iraq has plans and strategies that it is working on periodically to make adjustments to the currency and pull the damaged from public markets and replace it with a new one,”   Remember what Walkingstick’s firm got them to clearly admit?  This is beginning to feel like Kuwait.  Wasn’t it them that said they couldn’t RV for a year and did it the next day?

BGG ~ No, that was not Kuwait (we have printed actual news sources detailing the Kuwait banking reinstatement numerous times). It was China who took out a full page ad denying any currency adjustment and then did one the very next day. Not Kuwait – not an RV. Just an adjustment.

Kaperoni – Dinar Guru   In order for Iraq to engage its banking system with the world’s financial system It’s a combination of government effort and financial stability/compliance.  And again as we stated several months ago a new government would need to be formed, stability and security would have to be proven as well as any other legal or laws necessary to perpetuate the investment process.   That being said there is a sense of urgency in Iraq to move Iraq forward now rather than later because Iraq needs money to rebuild and private investment is that solution.   …bringing an influx of capital into a country will create substantial inflationary pressure through the CBI capital account…this has to be accounted for and that’s why the CBI must move off of the peg to a float prior to such action.   [post 3 of 3]

Kaperoni – Dinar Guru   …in order for the dinar to go up in value several other things must occur the Central Bank of Iraq for one has to rebuild the banking sector.  …the central bank has to meet the conditions set forth by the IMF. And…they must be in compliance in order to move from Article XIV to Article VIII.  This compliance has not been achieved since 2012. And this compliance started again in March of 2018. Back then I told everyone that there would be a minimum of a 90-day window and which the CBI needed to hold such compliance …it’s in writing and factual.  Since then the CBI has done an excellent job maintaining the 2% compliance requirement to move to Article VIII under difficult circumstances within the country, this doesn’t mean they will move today or tomorrow because other factors still exist which could still hold this up.  [post 2 of 3]

Kaperoni – Dinar Guru ‏   The latest…annual Article IV Consultation…done last September clearly states...”The authorities have appropriately maintained the exchange rate peg.”  This was done to help accomplish exchange rate stability in Iraq thus allowing the CBI to get in compliance.   …telling people the dinar is already on a managed float…is outright false and not what is going on regarding monetary policy at this time. The CBI is working hard to meet compliance so that they can move forward and engage their banking system with the world.   [post 1 of 3]

Frank62 – Dinar Guru  …It’s one thing to test fractional banking internally but completely different introducing @ onset of banking with the IQD…  ISX was testing an offline platform…with USA stock exchange, (don’t think a PR rate) also with European Exchanges, ME Exchanges, Arabic Exchanges & Asian Bourse…  It’s happening right before our eyes whether we can see it or not!  …our sharing is weeks ahead.

Kaperoni – Dinar Guru  [It’s getting hard for me even seeing when or if they are ever going to float. The corruption, the stalling, the bickering/infighting, the incompetence…it is getting really difficult to see them ever getting past it.]   Yes it can be frustrating.  Keep in mind the IMF, World Bank and others are pushing this reform forward.

Mountian Goat – Dinar Guru   Article: “ALMOST DAILY REPORTS OF THE ARREST OR ELIMINATION OF THE MILITANT GROUP’S TERRORISTS, THEIR LEADERS, SLEEPER CELLS AND HIDEOUTS” …the SECURITY situation in Iraq is stable but they are still having problems with the ISIS group infiltrating back into Iraq from Syria. But we know we have heard many articles about how SECURE and STABLE Iraq now is so these issues should not be a prohibiting factor in the reinstatement of the dinar.