Dinar Observer Daily

Mountain Goat – Dinar Guru   Article:  “MOHAMMED SALEH: THE DEFICITS IN THE BUDGET HYPOTHETICAL, AND THAT THE FINANCIAL SITUATION OF IRAQ IS REASSURING AND DOES NOT THREATEN FINANCIAL SUSTAINABILITY”   Quote:  “the reserve of the central bank along with the reserve of the government amounted to 87 billion dollars, and this is very positive gives a great resilience to the state in the most difficult circumstances.”  So the TRUTH will set you FREE. No real deficit and plenty of money to re-mint the needed coins. But we know from 2012 there are already plenty of coins to launch to begin the process anyhow. How was DR shabibi going to do this in September of 2012 anyhow if there was no coins already minted? …Remember there is opposition to changing the currency and some are happy with the current level of corruption. Why? Because they are in on the take.

Mountain Goat – Dinar Guru   …I am reassuring everyone now that the step following this one is to reinstate the IQD and NOT to move the program rate to the exchanges such as FOREX but rather to re-peg the IQD to an SDR basket. This and only this, is what is going to force the rate to change from the program rate they have today…If all goes according to their target dates this could occur any day now. We are already in mid-September. But remember this is not the reinstatement and we can not yet go to the bank to exchange. This is solely going to happen inside Iraq…They are also not going to post anything in the Gazette when the reinstatement happens. It will appear in the news channels as this is the place for this kind of news. The Official Iraqi Gazatte is NOT a news source.  [post 2 of 2]

Mountain Goat – Dinar Guru   …I have said over and over again that the next step is to issue the smaller of the small category notes and coins (250, 500 and 1000 already issued) and then to change the program rate by deleting the zeros. For instance, a program rate of .00083 will become .83 or 83 cents. It will still remain pegged at the de-facto peg solely to the US dollar at this point, as it is today. …Is this changing the rate? Yes…  The goal of the CBI is to monitor the inflation rate after they make this next move. This could be 3 days, 3 weeks or 3 months. My take is it will be about a week…  [post 1 of 2]

Kaperoni – Dinar Guru   Quote:  …”staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect,”    …The IMF is asking the CBI to create the conditions to float the currency to allow it to appreciate based on the Balassa -Samuelson effect… [Post 2 of 2]

Kaperoni – Dinar Guru  If they launch the market economy as they have been aggressively trying to move towards and have presented it to be included in the budget of 2020, then I see no reason for a LOP…at that point I would see the CBI…moving to a float to allow the currency to appreciate to offset inflationary pressure created by that influx of capital…Remember the number one job of the CBI is to maintain monetary policy and reduce inflation…The IMF is specifically referencing the Balassa -Samuelson effect as the outcome for the dinar. That is a fact… [Post 1 of 2]

MilitiaMan – Dinar Guru   Article:  “Trump imposes sanctions on Iran’s central bank and reveals another package”   I hope everyone realizes just what this means. Trump has neutered the Iranian National Bank. How? Well, Iran is one of Iraq’s largest trading partners and has massive amounts of Dinar. They clearly will have a hard time making any money off the re in statement of Iraq IQD with sanctions on!! The timing of this is massive imo…

Larrykn – Dinar Guru   If they get rid of the auctions with all the money they make on it, what are they going to replace it with when they stop the auctions and having a rate that starts at where it is now and has to take at least a year to get to a rate that they can compete with the world as per Kap [Guru Kaperoni]. …I’m not sure how that will work out…to me they need a rate that they can compete with the world other wise the system will just not work…not when companies come in to do business with them.

Dinar Investor – Jeff   …Based on news we could not be at a better point in this investment.  We are in the best position we’ve ever been in.  Iraq is at the end of the road right now.  Based on their own news they have reached the end of their road.  Either they have to release news telling us that they’re going to start something new or they’re at a point where they just have to finish the formation of the government so they’re no longer boxed in that corner and they can advance to their new beginning which is the rate change.  We look amazing.  We have to see this play out.  The current period that we’re in right now is the best news we’ve every had throughout the history of this investment.  It does not get any better than this.  Next week is going to be red hot…

Kaperoni – Dinar Guru   Anything is possible in Iraq. But considering the IMF is the trustee over the CBI it is unlikely a LOP would be something the IMF would approve of.   I would only see that occurring if the economic conditions failed for the development of the market economy and left no other option…If they launch the market economy as they have been aggressively trying to move towards and have presented it to be included in the budget of 2020, then I see no reason for a LOP…

Adam Montana – Dinar Guru  There are some rumblingsssss right now!  This recent development with China may be “more than meets the eye”, and I’m hearing some encouraging things about the oil law…I don’t want to get too giddy right now, but we might have a heck of a week coming up.

Kaperoni – Dinar Guru  …There is no reinstatement of the dinar until the CBI writes the letter and the IMF accepts the letter for Article VIII.  It’s no secret when that happens we will all know.  Even if it happens that has nothing to do with the exchange rate.

Breitling – Dinar Guru   ...Iraq and these countries do not put out their money supply.  They do not tell people exactly what their money supply is.  But they did a couple of years ago by mistake.  They said they were at 4 billion notes...according to this guru there’s…80 Trillion dinar out there which is equal to 80 billion dollars or something like that...that’s not true…they’re reading a report that tells everybody what their country is worth.  It’s NOT their money supply.  Here’s the difference.  What’s your house worth?  What’s your car worth?  What’s your property worth?  That’s one report.  Another report would be how much do you have in your pocket?  How much Cash do you have?  That’s what I’m talking about.  For some reason people aren’t getting this…when I got into this investment they had about 12 billion notes…

Kaperoni – Dinar Guru ...there have been many discussions about a float over the years from the CBI, and economic experts in Iraq. Many of them positive…A year or so ago when somebody asked the CBI about floating the currency their response was that they weren’t going to float AT THIS TIME and it was taken out of context as if they were saying no float ever…the truth is they were not ready to float at that time and proper translation of the article was necessary because all countries float eventually especially Emerging Markets. And there have been many examples of countries moving from fixed to float over the last few years. Even several in the Middle East”…

Dinar Investor – Jeff   …they’ve purposely delayed the formation of the government because it’s literally the linchpin.  It’s the last thing we’re going to see right before the rate change…the reason why the rate change will not occur this week is…Iraq has to achieve stability before the powers-that-be will allow Iraq to change the rate.  This week they’re having massive meetings between Kurdistan and Baghdad.  They have to reach agreements on every level to achieve stability…I personally feel Mahdi has to be in country when the rate changes…this is a once-in-a-lifetime historic event.  When it happens logic tells me Mahdi would want to be inside the country when the rate does change…he wants to be part of this historic event…Mahdi is gonna be in china on Thursday to Sunday…I still have the remainder of September on my radar.  I still have my eyes on next week…

Kaperoni – Dinar Guru   …They will never introduce any smaller categories until the currency has begun to appreciate to a point where they would be needed and it would be seamless without fanfare.

Adam Montana – Dinar Guru   …China has the ability to dump loads of money into Iraq’s infrastructure, taking significant weight off of the Iraqis in that regard, which would free up Iraq’s resources (time/people/government/etc) to focus on their actual bread and butter. China won’t be doing this for free… in fact, I can foresee Iraq becoming so indebted to China over this that they are forced to raise the value of their currency just to cover the debt that they will willingly incur from China in order to fast-track their future. Iraq then officially enters the currency manipulation game, just to keep up with China, and that just tickles me pink!  Who wins if this happens?  Everyone.  China wins. Iraq wins. We win. This is a clear path to Iraq becoming even stronger, with a stronger currency, and the rest is sort of irrelevant.  Pretty neat stuff.

Dinar Investor – Jeff   …let’s set our emotions aside for a second…they’ve been setting the stage for this…keep in mind there is no  “Dinar For Dummies” manual.  We don’t have a book or guide that tells us every step Iraq has to do before the rate can change…So we have to look at what they do and what they say.  Look at their actions to piece things together and then you have to make some opinion with that…their actions suggest there’s not much more they can do before they change the rate…Iraq has to achieve stability before the power that be will elect Iraq to change the rate…the news articles are strongly suggesting and telling us that they’re in forward progress to reach stability…the news looks very good…

Adam Montana – Dinar Guru   Quick note about the drone attacks on the Saudis – OIL is a pivotal issue in the Iraqi Dinar rate. It’s no surprise that the recent events caused a flurry of commotion in the Dinar world. Oil speculation went wild for a couple minutes (ok, days), but currently stabilized at $59…

Chattels – Dinar Guru  Article:  “Parliament votes on a law and ends the reading and discussion of three bills…”   Again, no parliamentary action on any important law(s), IMO.   Quote:  “…held under the chairmanship of Mohammed Halbousi and the presence of 175 deputies,…”  Attendance is low. Little more than minimum quorum requirement.  Parliament will adjourn until next Saturday…

Dinar Investor – Jeff   …After looking at all the news…looking at everything that’s going on, I’m of the opinion that the rate change will not occur this week.  But we look like we’re still in a very good position…the thing is right now they’re too quiet.  They’re not giving us any clues to what’s going on…they could end this next week but it could roll into October…the signs and variables show that we are still very close…

Breitling – Dinar Guru    [When I got into the dinar]…they were not talking about getting it to a $1…But as the country developed…they were like, no, we’re going to get it to $3.25.  And even with the markets changing, Do I think they can get it to $3.25?  If they can get into the markets in the west, yes, they can get it too $3.25.  I don’t see what would be able to stop them…will they?  I don’t know.  But once they do start adding value to their currency remember they said they were going to put a new currency out at the same time that will both coexist equally and one currency would be phased out over a two year process.  They will both gain value equally…this is coming from the CBI who have the authority to talk about this and implement that authority…

Mountain Goat – Dinar Guru   …If everything goes as planned, then they move on to the “reinstatement”. This means reinstating the dinar back on the global currency exchanges and then it can be legally traded…Yes, its been a very long journey…The nice part about this final step is when it does occur this is when we get to go to the bank and exchange and not before. There is no premature exchanges scheduled for us internet investors…  [post 2 of 2]

Mountain Goat – Dinar Guru    …I have to tell you without even a shadow of a doubt that I am 1000 % sure it will NOT happen this week. However, we are still within a very good window of opportunity to get the smaller of the smaller category notes launched and this part of the process underway. This does not mean we will be going to the bank this week. …So, once they launch the smaller of the small categories, the next part of the process is to CHECK FOR INFLATION and wait to see what happens. I am told this could take 3 days, 3 weeks or even 3 months. The next step depends up the CBI and observing what happens next.  [post 1 of 2….]

Breitling – Dinar Guru   With Iraq how does it work?  They tell everybody what they want to do through Parliament, the Ministry of Planning, then they go to the Ministry of Finance and then they go to the CBI and the CBI manages it.  That’s how it works…what they said they want to do with the Iraqi currency has never changed.  You should be very very happy…

Chattels – Dinar Guru   Article quote: “The central bank sells more than $ 243 million at a currency auction”  The volume in sales of the dollar in Iraq continues to be relatively high.  In Parliamentary action yesterday nothing important happened, IMO.

Breitling – Dinar Guru    Don’t worry about what’s happening with Saudi Arabia.  Do not worry if we go to war with Iran…because we anticipated all this stuff we have a way to lower the price of oil…what’s that mean for you and me?  Iraq, they’re gonna have to add value to their currency.  They are not going to be making money selling energy.  So you and I are sitting on their currency.  Huge opportunity.  I’m excited.  I’m not kidding.  It’s a beautiful thing…It’s coming down the road.  [Post 2 of 2]

Chattels – Dinar Guru   Article quote: “The central bank sells more than $ 243 million at a currency auction”  The volume in sales of the dollar in Iraq continues to be relatively high.  In Parliamentary action yesterday nothing important happened, IMO.

Breitling – Dinar Guru   …They [Russia] are putting out a report that it [oil] is probably going to be $26 a barrel in the year 2020…it’s going to be low.  What does that mean for you and me?  It means Iraq is going to add value to their currency.  It’s not a hypothetical.  They know.  They have the most undervalued currency.  What allows them to do that is the profits they’re making selling energy in US dollars.  But once that dries up they’re not going to be sitting on a domestic currency at a tenth of a penny.  It’s not gonna happen.  They’re not China.  They’re not Vietnam.  They don’t have a labor force like that. [Post 1 of 2]

Adam Montana – Dinar Guru   […latest indicates with the attack on Saudi oil we may be seeing 100 a barrel soon. Based on what you are seeing and hearing will this move the RV closer or will the concerns for possible attacks on near by Iran and possible Saudi retaliation cause Iraq to pause and take a step back? Look into your crystal ball. LOL.]  My crystal ball says anything that will guide oil to higher prices is potentially a good thing for Iraq’s future. Obviously there’s more to it than that, but the Crystal Ball tends to be a bit vague at times.

MilitiaMan – Dinar Guru   Article:   “China and the financial sector”   Quote:  “we must in fact have a banking system capable of managing this process, through the adoption of correspondent banks or the opening of branches of Chinese banks inside Iraq, as can The adoption of bilateral partnerships in the financial sector, the result of which banks are sober leading to the mutual benefit of the economies of the two countries.”    The above data supports that WS [Guru Walkingstick] is right and apparently on time. We were told about this PBs [Bilateral Partnerships ?] in the USA to be within two weeks back on 09/06/2019. Well two weeks from then is 09/20/2019 imo. Today [Sunday] is the 15th.. lol  If they will arrive within five days it sure would seem they would have the international rate exposed prior to that time, imo… the pressure is on now and big time. imo! The most logical time is upon us. imo That is when the markets bare the least disruptions…imo!