Dinar Observer Daily

Kaperoni – Dinar Guru   Article:  “Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies.”

Don961 – Dinar Guru   Article:  “…Coins that have been used in Iraq over the past decades must be restored”

Dinar Investor – Jeff    You’re not going to see anything until…the second half of September… Remember last week they came into monies.  They said they were adding 170 billion dinar to the ’19 budget for reconstruction for Bagdad only and then also…the Kurds told them that they were going to release the Kuwait reconstruction money…to Bagdad. …You have to look at accounting periods because this is the movement of a large amount of money.  So the fact that they came into all this money in the middle of Q-3…that money is for Q-4…they have to walk into Q-4 with that money…Your target is Q-3 in this.  This article is confirming we are looking really good.  IMO.

RVAlready – Dinar Guru   Seems that the BANG BANG BANG at the BANG BANG BANG at the front door could be the RV trying to come in.  I suspect it will be taken care of by Monday morning.

Dinar Investor – Jeff   Article “Legal clarifies the decision of the Federal Court on the entry into force of Article 140 of the constitution“. This article is confirming everything that I’m sharing with you…don’t forget Article 140 was enacted back in 2005.  This article tells you it has to be amended…this plus the HCL can only happen at the very end.  This is telling you guys were at the end of this ride.  There is no question.  We know that for a fact…that means…you’re waiting until the second half of September…we look really good.

Frank26 – Dinar Guru    …on TV they are saying the Iraqi government is implementing reforms…to attract investment.  To boost growth and infrastructure and wanting to create new jobs…they say this will change Iraq’s economy…They even showed a video on this…news saying over 80% of citizens have cards now and will have over 90% in a short period of time…We are seeing more and more commercials on the electronic billboards today. Hear all about citizens using our new cards (Visa and MasterCard) at the new ATMs in commercials.  This is all over town…Western Union says on Sunday that…Iraqi citizens can send the Iraqi Dinar outside of their country.

Mountain Goat – Dinar Guru   Article:  “NO CONFIDENCE VOTE ON MAHDI UNTIL AT LEAST SECOND LEGISLATIVE TERM”   relax everyone. Mahdi is not going anywhere!

Mountain Goat – Dinar Guru   Article:  “ARTICLE 140 WILL BE ENFORCED”  IS ARTICLE 140 ALL COMPLETED? …Article 140 is not completed and needs a legal referendum…Again I am telling everyone that Article 140 is required.  It is part of the new Iraqi constitution and the entire constitution must be implemented and enforced prior to the reinstatement…

Kaperoni – Dinar Guru  Article today says the CBI reserves are up to 72 billion.   

Mountain Goat – Dinar Guru   Articles:  “A COURT ORDER WAS ISSUED APPOINTING AN INSPECTOR GENERAL IN THE CENTRAL BANK OF IRAQ“;  “APPOINTMENT OF AN INSPECTOR OF THE CENTRAL BANK OF IRAQ, USUALLY VIOLATED HIS INDEPENDENCE AND EXCEEDED ITS LAW”  This is WOW! news! …This yet another step in cleaning up the corruption in the CBI…The new law passed this year, the Financial Management Law states that an inspector general will be appointed over the CBI. The positions has very specific auditing responsibilities and will not interfere with monetary policy. So we are witnessing them implement this new law. This is all very good for us.

Kaperoni – Dinar Guru   I find it funny that the guru’s talk about ATM machines as if they’re not working, and some mythical RV must happen for them to work. Wrong!  They’re fully operational right now and have been so for quite some time dispensing dinar notes at the current exchange rate.

Mountain Goat – Dinar Guru   We still wait for the banking reforms to take hold. The CBI is still in the last phase of getting people on the credit and debit cards…The ATMs are up and working. They are distributing mostly the 250, 500 and 1,000 notes. Just recently they also re-introduced the 50 dinar notes too. The other planned smaller category notes are NOT yet in circulation but are being planned as the economic conditions dictate.  ...I do see our newest window could be until the end of August until the new session of parliament on Sept 3rd begins... I say this…because parliament told us themselves this was their plan to implement the currency reform before the end of the first session of parliament. We are getting close to the end.   In fact, they are already on recess and the end is technically already here. So, this window I speak of may already be all for nothing. But let’s wait it out and see what happens.

Dinar Investor – Jeff   …If they release lower denoms before the rate changes the first thing is people would have to carry large sacks or duffel bags of lower denoms and coins to the stores to buy consumer goods…the fastest way they piss the citizens off is if they have to start carrying very large bags of currency…because the rate hasn’t changed…second…if you released smaller notes to replace bigger notes and you don’t change the rate you’ve just devalued your currency…On March 20th the CBI already came out and said they plan to increase the exchange rate of the Iraqi dinar.  So if they’re going to increase the exchange rate means that the lower notes have to be release at the same time as the rate increases otherwise it will be a devaluation…

Kaperoni – Dinar Guru   You cannot stop currency auctions until you have something to replace it. The auction is what keeps the stability of the currency. Until Iraq accepts Article VIII, the dinar is traded globally, currency auctions will continue. Auctions also serve as revenue generator for the CBI…

Mountain Goat – Dinar Guru   We have read over and over again that they need to get the POS (point of sale) machines and ATMs (Automatic Teller Machines) up and running and most importantly for the citizens to use them. This is all part of the “project to delete the zeros”. So far, they have been very successful and are even currently paying almost 80% of the payrolls now to the citizens via electronic means. They want to soon get close to 95% by the end of the year. So the BIG push is on…  Later yes, these cards can be used overseas or out of country to also conduct international business but they will need FOREX to determine the rate for the conversion…

Dinar Investor – Jeff    The formation of the government…has everything to do with this and that’s what the delay is…the number one thing…you want to keep your eyes on is the formation of the government.  That’s what’s letting you know when you’re reaching the finish line…Back on February 27th of this year Iraq had a key meeting called the National Meeting.  All the members of government were present.  One of the things they did was…celebrated being a brand new “unified” country…three days later on Saturday an article came out stating Iraq is now “unified”…back on that “five year delay” article from 2014 the CBI stressed that they would not delete the zeros until Iraq had political stability…making the formation of the government the linchpin to the rate change…    

MilitiaMan – Dinar Guru  Article: “The Kurdish delegation’s visit to Baghdad will discuss the return of the region’s share of the budget to 17 percent”  So it looks like they are going to put this issue to bed finally!! I like the time line they have too. Seems to fit in line with all the education they have had on going.  All the pressures from so many angles are noted that support that everyone is ready for them to complete reforms and open up to the world by twining Baghdad and Kurdistan regions into one cohesive body working for all the common good. That time frame they give is immediately after Eid Al Adha… That time frame is upon us so very shortly. Eid is over this week our time… So, I am not in any hurry to poo poo this meeting. The timing of it is in my humble opinion to be right on schedule… A big window this weekend! imo.

EHankins – Dinar Guru   Article:  “An Iraqi passenger arrested in Al-Shalamjah port in possession of 2.5 million dinars.”   In my opinion this person knows that the dinar is about to Skyrocket in price real soon …why take a trip now and pay the expense for a long stay out of country …

Dinar Investor – Jeff    Regarding 800 numbers.  That’s all…nonsense…disregard them.  There are no 800 numbers.

Chattels – Dinar Guru    Abdel Mahdi is not going to be removed by Parliament, IMO. …What, if any, impact does a possible change in the Prime Minister have upon our liquidity event? Who knows?  Arguably, displacement of the Prime Minister bespeaks continuing political instability and is not currency value friendly.

Kaperoni – Dinar Guru  …There is no way the dinar can substantially revalue..especially at $3+.  Iraq simply has to much currency in circulation…It is simply impossible for such an event to occur.  An RV or RI even at 1 to $1 is not possible with 42 trillion dinar in circulation.  That is 3 times the worlds money supply.  Iraq could never afford such an event.  The only possible solution would be a slow growth via a float as investment comes into Iraq to offset pressure/inflation.  They then could collect dinar as it gradually appreciates reducing the money supply and liability. I know, the speed or rate in which a currency appreciates is based on the pressure created on the financial system which is controlled by the amount of investment. So the faster the investment or greater the investment, the faster the appreciation will be of the currency.

Vital Brad – Dinar Guru   …So we heard Iraq’s going International.  They can use their currency in other countries.  We hadn’t heard anything on it yet…until now.  Union Bank of Iraq came out with information on their new pre-paid MasterCards.  “Employees of private or public sector can receive their salaries through the MasterCard from the ATM of the bank or any other cashier inside or outside Iraq…”  This is a huge step for Iraq.  They are getting automatic payment systems…They can use their cards anywhere MasterCard is accepted...this is a big huge step for them…I think it’s time for a rate change – in my opinion…it might be a real interesting week.  We’ll definitely keep our eyes [on it] to see how it unfolds…

Dinar Investor – Jeff    Do you still think it’s going to happen around September 21-22?  The answer to that is heck yeah.  The facts keep supporting that…The information and the facts is getting very predictable.  It’s scary how easy it is, for me at least, to target this thing right now.  I feel very confident about what I’m sharing…

Mountain Goat – Dinar Guru   PROGRESS OF THE REINSTATMENT…the FIRST parliamentary session of the year was supposed to end at the end of June. We were all disappointed when we did not see the reinstatement when July arrived. Previously they told us the reinstatement would happen by the end of the FIRST session. This was scheduled to end on June 30th. …Then they decided to extend the first session until Aug 1st not on June 30th.  …Later, just recently, they then told us the 2nd session would begin on September 3rd.  So using all this data they presented to us we can conclude that we can expect a window of opportunity somewhere between now and September 3rd. …My CBI contact in Iraq also agrees with this analysis. 

Kaperoni – Dinar Guru  Usually when a currency comes out and floats it begins at whatever the rate is at the time of transition.

Dinar Investor – Jeff   …I’ve only shared one date projection: the weekend of September 21st 22nd…I want facts to lead you up to that date. I don’t want you relying 100% on my opinion…what I’m trying to share with you is…how in-depth I think.  That’s how I came up with a date…I just don’t give you a date.  My dates are very thoroughly studied…I’ll pretty much know the week it’s going to happen and I will let you know the week that’s going to happen.  The way I study this and the way I analyze this…they’re not gonna hide this from me.  I will know from their actions in all these different movements when it going to happen…This thing’s walking you up to the month of September right now and it’s really more the second half of September than anything.  It’s because they need to walk into 10-1 with that new rate in hand…

Larrykn – Dinar Guru    [Anyone heard of an article from Union Bank of Iraq about salaries being deposited in the iraq citizens master cards...]  …everyone thinks because they are using the cards the rate change is here…its not. not till they go into Art 8 and change the rate at the CBI…they are not in Article 8 yet.  they can put it on the card but until they change the rate it doesn’t affect us…once they change the rate then you can get excited.

RVAlready – Dinar Guru   There is an article from Union Bank of Iraq, telling them they can have their salary deposited to the MasterCard… and withdraw it anywhere inside or outside Iraq. Whoopi!!!International!!!

Dinar Investor – Jeff  …remember…the formation of the government is the linchpin to the rate change.  Now they have told us in the news they plan to try on finishing the formation of the government during the month of September…  Now…accounting period for 10-1, you’ve seen a ton of articles talking about money, money, money… They are setting the stage for this thing...they’ve got to walk into October with a brand new rate in hand.  Keep your eyes on September. You’re waiting on them to set the stage and then they’re going to do it.   [post 3 of 3]

Dinar Investor – Jeff    So now as we progress through the first half of the year…again they were not working on the formation of the government at all.  What they did January to the end of June was set the post rate change stage for the country of Iraq.  The stage had to set in 2 ways…the first half of the stage was set for the country of Iraq and that was January through the end of June.  Then as we transition into July, that’s when you started seed boat loads of articles talking about Article 140, the HCL & Kurds meeting with Baghdad.  All of that was Iraq setting the post rate change stage for the citizens and then they even brought cleaning up the corruption into the mix too.  Don’t worry about that..that will all get done in due time, it’s not a problem.  But, you can’t have your big event…until you’ve got your stage set.  That’s what you’re waiting on.   [post 2 of 3]