Dinar Observer Daily

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. “

Mountain Goat – Dinar Guru   HERE COMES ARTICLE 140, JUST IN TIME?   Quote:  “The President of the House of Representatives, Mohamed Halbusi, the request to host the Implementation Committee Article (140) of the Constitution to discuss the reasons for not completing the work that was formed for it.”  So here it is again. Folks this is not my FAKE news. This is real and finally it seems that going to implement Article 140 or pursue it again.  Many say it is already done. NOT true.  Like I keep telling everyone there needs to be a formal referendum (that is already written and send to parliament) then it needs to be voted on and implemented. Then it is done.

Mountain Goat – Dinar Guru  Article:  “IRAQ AND IRAN ARE ENGAGED IN NEGOTIATIONS TO SET UP CREDIT ARRANGEMENTS FOR TRADE IN THEIR NATIONAL CURRENCIES”   …so this article proves once again that they Iraq dinar is NOT yet being used for trade with Iran replacing the US dollar. They are hoping they can do this but we all should know they CAN NOT without the reinstatement taking place and the dinar going international. This must come first. But this is yet another item to put pressure on the CBI to get it done.

Chattels – Dinar Guru  Article quote:   “Oil prices will fall to $””30 so the price of oil in the budget should be changed next year”  I think that Iraq needs around $ 40 per barrel just to pay government salaries.

Kaperoni – Dinar Guru  ‏ There will never be a reinstatement.  A currencies appreciation depends on a countries economic success.  Nothing happens overnight.  …Nothing is going to happen for a while yet.  Iraq has much to do and still must complete the government.  

Mountain Goat – Dinar Guru   Article:  “THE FIRST IRAQI BANK TO RECEIVE AN INTERNATIONALLY RECOGNIZED CREDIT RATING”  Quote:  “The credit rating agency Fitch announced on Wednesday that the Iraqi Trade Bank with B-degree with a stable outlook.”    …the Iraq Bank of Trade is the largest bank in Iraq and was set up in 2003 specifically for conducting trade with neighboring countries. But this has not always been the case. But now things are beginning to see the light and moving ahead as planned almost a decade ago. This new status is really good news. Everyone should be VERY happy today. This news however does NOT mean the currency is now international.

Mountain Goat – Dinar Guru   Iraq is slotted to be a “central hub” of commerce for the Middle East. But a dinar rate of just 1/8 of a penny is not sufficient to make this happen!

RVAlready – Dinar Guru   [Finding it a little hard to believe that everything is done, since they keep stalling.]    …hate to say it, but I think the target has been 1 Jan 2019 for quite a while. They just kick the can from one target date to another. This time, everything actually looks ready to go.

Beware!! This is PURE SPECULATION!!

Kaperoni – Dinar Guru    …There will never be a re-instatment.  A currencies appreciation depends on a countries economic success.  Nothing happens overnight.  Nothing is happening through the end of the year… Iraq has much yet to do before they can begin to float the dinar.

Mountain Goat – Dinar Guru  We are just waiting for the next step.  I know they have a target for EARLY 2019 to reinstate the currency…We almost witnessed this reinstatement last January and if it was not for some factors that occurred back then we would not be here today again at this time…I am telling everyone now…the flood gates are about to open. It is all going to come real fast and with a great change to Iraq. With this flood will bring what we want- finally!  Be patient and hang in there, it is coming. It may be very quiet now but not for very long.

Adam Montana – Dinar Guru  [I’ve been remembering back to Iraq being removed from Chapter 7 (UN) and some of the process involved….How does current GOI environment compare and what is similar / different getting HCL in place?]   I think the main difference would be the players involved – Chapter 7 was an outside decision. They were at the mercy of the UN(etc) on that one. HCL is not that way – this is an internal decision. The HCL is done when Iraq says it is done, and no outside influences can stop them. 

Walkingstick – Dinar Guru   The timing/ change of the exchange rate, of.. any country… is not, dictated ..by, the date/s listed on the UN operational rate/s of exchange..

Mountain Goat – Dinar Guru  Article:  “IRAQ IS ONE OF THE WORLD’S RICHEST COUNTRIES”  Quote:  “the Central Bank has a future plan to restructure the Iraqi currency, including the deletion of zeros”.  …to me this looks like there is a long term plan to issue a 100,000 dinar note. Why is this if they want to complete the project to delete the zeros?   So this article says the CBI is holding off on this idea (pending) for now.   My guess is…they are doing this and will not launch this 100,000 dinar note until after the reinstatement and then only use it for inter-banking transactions for trade and reconstruction transfers of money payments of large sums. The average citizen may NEVER see this category. So this is the real reason for this 100k note.

MilitiaMan – Dinar Guru   The wind is starting to blow now…imo.  The region is reflecting expectations that Iraq will raise the value of the IQD.  Goldman Sachs today told us they expect the emerging markets to appreciate upwards of 10% to the good. Well, imo that may very well be low. However, not a bad trade for the big boyz.  So, when I say the wind is blowing, they are gearing up for the storm. They will fill their sails and ride on Iraq’s draft up. They will be in the basket of currencies. Iraq goes up the region goes up…So the precursor showing strength is showing the region knows what is coming and are getting into the currencies now to ride out the storm… In other words make more money…

Adam Montana – Dinar Guru   [When did Iraq become a sovereign nation?…]  Iraq has long been a sovereign nation, but they lost some freedoms in 2003 with the overthrow of Saddam. Their currency plummeted in value, they had to travel a very long road to get where they are today.  Chapter 7 was lifted in 2013, which marked a major milestone for them regaining their position in the world. Since then, they have established a very balanced and stable government and worked their way to the point we are currently at – in position to implement the new Hydro Carbon Law, which will likely trigger a change in the value their currency is traded at. 

Kaperoni – Dinar Guru So tomorrow we try again to complete PM Mahdi cabinet.  Fingers crossed.

Adam Montana – Dinar Guru  … I’m excited for the new year to roll in!…  At the moment there is a distinct lack of news regarding HCL. I believe there is a good reason for this – and it’s good for our 2019 outlook. Many many things are being taken care of, stamped, passed, and resolved right now. Things that are essential for forward progress.  But, the fact remains… that pesky and elusive HCL is simply not on the table right now.  As soon as we see word about it, then we can get excited! For now… patience is a virtue, and we have plenty. Don’t get me wrong here! They aren’t sleeping on the job… Fingers crossed for some HCL news soon...

Mountain Goat – Dinar Guru This is the way I see this playing out. Suddenly Mahdi’s cabinet is completed. The reconstruction funds start to release within a week. But there is a lag since it takes time to get the projects underway. Not too far in the distance the reinstatement occurs. Also the CBI soon releases the 50 and 100 smaller denominations and maybe along with the 100,000 notes.  The process is kicked into high gear….  How long will all this take? I know the CBI was targeting for EARLY Jan 2019 but with delays in forming the government I am not so sure now since time is ticking…tic toc…tic toc… Be patient and let’s get the govt fully formed and functional first. The rest will fall into place.