Kaperoni – Dinar Guru  So it looks like PM Mahdi got a few of his cabinet in today but not all of them…so this continues.   PM Mahdi has stated that Thursday’s parliament session will complete the cabinet. 

Kaperoni – Dinar Guru  Like most countries, Iraq would not care if their currency appreciates at the expense of a booming economy.  That is how market forces work. A central bank uses its tools to manage monetary policy based effects in the marketplace.  An example would be raising the value to counter inflation. Iraq currently has very low inflation less than 3%.  If Iraq opens the doors to global investment, it may create the pressure the CBI is looking for to raise the value. We can only hope.

MilitiaMan – Dinar Guru  Article:   “A credit account in riyal and dinar between Iraq and Iran”   Quote:  “Citibank offers letters of credit for buyers in Latin America, Africa, Eastern Europe, Asia and the Middle East who may have difficulty obtaining international credit on their own.”  I would suggest this is part of a necessary end for Iraq now that Monetary Reforms are gearing to be on a different page if you will, imo, that had/has to be done because of the volume of trade between Iraq and Iran. A letter of credit is commonly for International Trade between parties. It is serious business. …Go figure the timing of it too. IMO. Lets not forget Rick Perry and all those Companies in Iraq may need them too.  By the way, CitiBank is one a large providers of Letters of Credit Globally.. They are Directly involved with Iraq as we know. Iraq wants guarantee they get paid for imports and exports.  Fairly sure Iran in an unstable environment.. lol This is seriously looking good, imo..

Mountain Goat – Dinar Guru   Many now also have credit and debit cards to pay their bills and so don’t walk around with wads of cash. This enabled the CBI to reduce the 3 zero notes by 2/3, which was part of the plan they told us in 2011 had to happen as part of the project to delete the zeros. Overall this is all VERY good. But this is a VERY slow process…So as outside investors in Iraq we…sit and wait…our wealth will come from a simple reinstatement of the currency back to the trading platforms and going international once again. [post 2 of 2]

Mountain Goat – Dinar Guru   SO WHERE ARE WE IN THIS INVESTMENT RIGHT NOW?  We are waiting for the government to get “fully” formed and settle this political crisis. There is and always has been a requirement to have a fully functional government in place and an adherence and “full” implementation of the Iraqi constitution to get the reinstatement of their currency. We can see that the CBI is ready to do something with so much talk and emphasis now stemming around these smaller category notes. We know that the ATMs are launched already and dispensing these notes for petty cash.  [post 1 of 2….stay tuned]

Kaperoni – Dinar Guru   Looks like parliament will try again tomorrow to complete PM Mahdi’s cabinet.  Let’s hope so.

MilitiaMan – Dinar Guru   Article:  “The Arab Digital Economy Conference in Abu Dhabi”  […it seems important  for them to get this “together” for Iraq’s RI….IMO…important for Iraq!] We just learned that they are E-Government ready effectively and Digitization is all apart of that…All geared, linked and…so fresh in peoples minds and on their agendas now… imo!  …the timing of the E-Gov and Digital, is not a coincidence imo…

Mountain Goat – Dinar Guru  Article:  “TO AMEND THE INVESTMENT LAW IN THE COMING DAYS”  Quote:  “The amendment of THE INVESTMENT LAW IS AN IMPORTANT POINT TO ELIMINATE UNEMPLOYMENT AND THE RETURN OF INDUSTRY AND THE PRIVATE SECTOR IN IRAQ and raise the market value of the Iraqi dinar...”  I don’t want anyone telling me there aren’t any more laws needed in order to reinstate the currency. To bring in investors is all part of creating the atmosphere conducive to investors, which in turn, is the state of the economy needed to trigger the reinstatement. It is all coming together.

Mountain Goat – Dinar Guru   What remains in this process to get ready for a reinstatement of the dinar?  They  said that the dinar has gone through the currency reform process and is ready. There is nothing more for the CBI to do in this regard except the CBI must conduct the final phase of the “project to delete the zeros”. It is now more of a political will and cautionary measures, notably the stability of the dinar against the dollar and keeping inflation down by up to 2% at the level of foreign reserves within the rates according to international standards with foreign reserve cash for Iraq (we know the reserves are now above these needed levels.)

David M. Witty – Dinar Guru   Source in Iraq says PM Abdel-Mahdi is preparing to send nominee names to Parliament for approval for 6 of 8 unfilled cabinet positions, less Ministers of Defense & Interior, which remain locked in controversy.

MilitiaMan – Dinar Guru   If we look at the value he places on the 6 billion dinar you get $.83 per unit or dinar in dollar terms. 6 bln IQD = 5 mln USD or $.83 per USD. So then that means 37 Billion Dinars equates to $30,710,000.00 USD. Now remember that he can’t tell you yet, that the zeros are dropped, as they haven’t as far as I can tell, yet. But, we expect them to when the time is right as he clearly taught us through articles.  The 6 billion dinars becomes 6 million once they delete three zeros off theexchange rate and thus 37 billion dinars becomes 37 million by definition.   [post 2 of 2]

MilitiaMan – Dinar Guru   Article:  “In an interview with “The New Arab”, Muhsin al-Alaq, Acting Governor of the Central Bank of Iraq , talks  about a difficult monetary and financial stage that has passed through his country,…”   The Alak interview has told us that they are at a 6/1 (16.5%)  good to bad ratio with loans. …he tells us that they have loans of 37 Billion Dinar of good and 6 billion Dinars worth ($5,000,000.00 USD) of bad. It is not a bad ratio for what they have been through to date.  My point is that the value of the 6 bln Dinars is key that Alak points it out, imo. Why? Well it gives a value of that 6 bln. Alak cannot openly come out and tell us a rate or a date literally to the tee.. But, he can in my opinion indirectly point us to it with forward guidance.   [post 1 of 2]

Adam Montana – Dinar Guru   …when the HCL is done, it is done.  There are a relatively small number of moving parts to a finalized HCL – it’s a Law that is pretty clearly defined in purpose and intent.

Phillyman – Dinar Guru  Article:  “Hitti: Investors are waiting for the government to stabilize its commitments”    …it has been fascinating for me to follow the news about the fight against ISIS then the start of investment coming into Iraq.  Investment conferences have come and gone though without the major reconstruction we would like to see.  This article may have the answer why.  Quote:  “The head of the Iraqi Reconstruction Fund, Mustapha al-Hiti, said Saturday that the countries investing in Iraq are waiting for the stability of the Iraqi government to start implementing its pledges.”

Mountain Goat – Dinar Guru   Many are saying the dinar is now international. Is this true?  Confirmed by the CBI – DINAR IS NOT YET INTERNATIONALLY REINSTATED.  The CBI also wanted to tell me that Iraq’s currency is NOT yet internationally recognized as it still has to be reinstated in the financial trading sectors as from the war sanctions. They know about lots of rumors and speculation is floating around that is it. They told me that it is one thing to be ready and have all the banking reforms in place in order to conduct international transactions but another reality to conduct business with the outside banking system once again using a VALUED dinar. Currently they are attempting to make this transition to de-peg off the dollar but it is difficult but they know it has to be done and is planned “sooner than later”.

Adam Montana – Dinar Guru   […in ur opinion…when is the time to give up?]   If they were to lop their currency for a net 0 gain, then it’s over.  The odds of that happening are definitely not high.

Mountain Goat – Dinar Guru   In Europe we hearing you are already educating the citizens on the new smaller category notes. Is this true?  Yes, the CBI has recently launched the issuance of the second edition of banknotes categories (25000, 10000.1000, 500.250) dinars. These versions have high level security features and are more usable. We have not yet issued any other small categories.  Is there any plans to take these 25,000 and 10,000 notes out of circulation soon?  NO. The current effort now is just to replace the amounts now already in circulation with cleaner, more secure versions. The CBI has already reduced the amount of these denominations as needed for currency reform. (I was also told that these notes would remain in circulation for at least 10 more years in the future and the plan is to use them mostly for inter-banking transactions for trading partners and not common street use.)  [stay tuned for more questions and answers …with my CBI representative]

Chattels – Dinar Guru    […its almost a new yr. lets see what that brings us…]   Always more optimistic in the first quarter of the new year.

Adam Montana – Dinar Guru   I’m not sure if we can expect to see a 2018 RV, but 1st quarter 2019 looks extremely promising.  Prove me wrong, Iraq…

Report on the “deep state” in Iraq: an introduction to the exclusion of al-Maliki from the political scene

“Sadr is working to eliminate the influence of the leader of the rule of law”

Baghdad – Nas: An Iraqi newspaper said on Friday that “the Shiite cleric Moqtada al-Sadr,” leading “an organized campaign to liquidate the influence of the leader of a coalition of law Nuri al-Maliki, who served as prime minister two consecutive cycles between 2006 and 2014, in the facilities of the state,” referring to the prevalence of the term ” Deep state “in Iraqi political circles.

The newspaper “Al Arab” reported today (14 December 2018), “Nas”, in which he said that Sadr was keen on “Maliki’s coalition does not get any ministry in the government of Prime Minister Adel Abdul-Mahdi so far, despite achieving 25 parliamentary seats During the general elections last May. ”

“The leader of the Sadrist movement is in a position to dismantle the influence of his arch-rival Maliki, especially as the Dawa Party is no longer in the forefront, and has lost its influence on the government because of the conflict between its wings; the first represented by Maliki, and the second led by former Prime Minister Haidar Abadi. ”

The newspaper says that “the political team of the Sadr,” succeeded on Wednesday, “to overthrow Maliki’s governor of Baghdad from office, and the installation of a governor loyal to the Sadrists. Sadr is also working to deprive the Maliki coalition of getting the post of governor of Basra, Iraq’s economic capital, where the conflict is raging. ”

“Sadr told his ally in the reform coalition, Ammar al-Hakim, that he is ready to support any candidate he proposes for the post of governor of Basra, noting that” Sadr agreed with Hakim to prevent Maliki’s coalition to reach the post of governor in Baghdad and Basra. ” “The reform coalition can now provide the necessary majority in the Basra provincial council to pass a candidate for Hakim to the post of governor,” she said.

Maliki, who stepped down as prime minister more than four years ago, remains strong in some Iraqi state institutions, the paper said.

According to the newspaper, Maliki, appointed during his mandate between 2006 and 2014, “thousands of employees loyal to him in the high and middle grades in various ministries and institutions and government departments,” and says that the term “deep state”, common in the political circles, “in reference to members of the Dawa Party Pro-Maliki, who control the pillars of the government and its vital joints, even after stepping down from office. ”

The newspaper says that Sadr is “pressing” Ali Abdul Mahdi to “liquidate this influence in one of his most prominent demands in the formation of the government,” adding that leaders of the reform alliance, which is sponsored by Sadr, warn that “the deep state loyal to Maliki, can thwart the government of Abdul Mahdi as I tried with the government of Abbadi and succeeded in some joints. ”

The newspaper quoted observers that they do not rule out “that this campaign to liquidate the influence of al-Maliki is the introduction of political exclusion and may be referred to the judiciary.”

Keywords: Nasnews.com

Mountain Goat – Dinar Guru   As far as I know I am still hearing good news on the reinstatement process and it is still on target for LATE Dec or EARLY Jan period. I know there are lots of rumors now flying around as usual about some window of opportunity for an RV happening this entire week. This is simply NOT true. So in this regards, I had a recent conversation with my CBI representative and the following is what I was told in response to my questions. Is there a plan now to RV the currency this week sometime?  NO…The dinar is not planned for a revaluation. The dinar must first go through a “reinstatement” process. This is a series of approvals but we believe we are close…   (I have been telling everyone this.  Any significant change in value that we want comes from the “float” on the currency once it is reinstated. This is NOT a revaluation but a market drive on the rate due to speculation. It will then settle down to what the IMF calls its “nominal effective rate”)

Bloodloch – Dinar Guru  Breitling is perfectly hinting at what I believe (opinion) to be the only way they can make this work while maintaining and even moderately enhancing purchasing power for the Iraqi citizens, making their money worth more as promised.  Nice.  Price-freezing may be needed for a bit, but that’s okay until the dust settles. Now that’s in-country, folks, which must be addressed before anything international is considered.

Mountain Goat – Dinar Guru …the USA is going to have a real impact and is teaming up with Iraq. This by the way is also very good for our investment… Do you think the USA is going to invest billions if they can’t get their profits out of Iraq? And how about transferring funds in and out of Iraq for other purposes in the process? Yes, Iraq will need to have an international tradable currency. I luv it…!! I am excited.    [post 3 of 3]

Mountain Goat – Dinar Guru  …it has been months now already in getting these last remaining 8 ministers in place, the minister of the interior now being the most critical. Why is this one particular minister so critical?  …This ministry will be the disbursing agent for the Iraqi govt for the funding for the projects funded by the donor countries for this 5 year reconstruction plan.  …the US has stepped up and agreed to assist in providing a sound mechanism for disbursing the projects funded by the donor countries acting much like the Interior minister but officially (of course) only in an advisory capacity…   [post 2 of 3]

Mountain Goat – Dinar Guru  …we see a sudden shift in the news media from Iraq to reporting now mainly on the RECONSTRUCTION EFFORTS being of the main topics. Why?  The reason why is because this is the main efforts now by the GOI. …We definitely, more importantly, see a very sudden shift in the US strategy and willingness for participation in this reconstruction effort. …We see much more support and willingness now to assist the Iraqi state. We also know too that the timing is now right. With the setback caused by the ISIS war and the election basically over, Iraq is now ready to go on like a runner at the starting gate, they are ready to take off.   [post 1 of 3]

Breitling – Dinar Guru  There has been countries that have taken zeros off their currency and then the currency gains value later on down the road.  So let’s say they do do a LOP on the currency you and I have.  That doesn’t take it out of play to revalue.  Worse case scenario let’s say it did LOP it will still gain value so it’s never been a threat to me at all.  If you look at the definition of these countries on how they lopped and what their economy was at and what they were trying to do was completely different than Iraq.  Remember the Iraqi dinar is not at a real market rate.  It’s completely manipulated.  They can do anything they want with it but their intent from the CBI is to add value to it…  [Post 2 of 2]

Breitling – Dinar Guru   Questions:  “A LOP.  What the heck does that mean and why we don’t see it as being a real possibility?  By definition a lop is taking the zeros off the notes and pretending they’re not there and using the same notes.  It’s funny that someone says it’s going to be a lop and at the same time talks about other notes being printed…well if they’re going to lop and pretend there are three zeros missing then they don’t need to print more currency do they.  So it doesn’t fit…here’s the thing… [Post 1 of 2]

MilitiaMan – Dinar Guru   Articles from 2017:  “Iraqi Banks Are Looking With The US Treasury To Open Relations With Foreign Banks” and “The largest US banks… Praise the performance of Iraqi banks”  The 2017 article[s] showing who was in Iraq, when they were there and what they were promoting to do.  Fast forward to yesterday with the same entities as the UST, IMF, WB and Arab Union of Banks in country…Top it off with Silliman  [United States Ambassador to Iraq]  in talks with Iraq to develop trade exchange and…have 50 major investment companies in country now.

Breitling – Dinar Guru  Question: “How do you handle people when they send you a disagreeing email?”  First of all the way people approach some of the stuff I say it’s like an attack.  At the same time they want to debate…I don’t mind doing that.  I don’t mind telling people what I believe.  But I never go after what people “think”.  So I never respond to what they “think”.  The only thing I can do is tell people what I know and be able to connect the dots that way.  I don’t want people to take this wrong at all but I’m not trying to convince anybody of anything…all I’m talking about is how I invest in this and why I believe it.  And that’s it.

Mountain Goat – Dinar Guru   Rumor… :   The IQD is international since the CBI and other exchange sites have changing the representation of the IQD rate now with five decimal places.  This change may very well be in preparation for the future reinstatement back to the global markets on the currency exchanges, since they operate with this level of accuracy. So this is a good sign but…It does not yet mean the IQD is already international.