Dinar Observer Daily

Samson – Dinar Guru Article: “REUTERS : TANKER ‘HELGA’ ARRIVES IN BASRA TO LOAD TWO MILLION BARRELS OF IRAQI OIL”

Samson – Dinar Guru  Article “THE US DEPARTMENT OF JUSTICE FILES A LAWSUIT TO SEIZE A CALIFORNIA MANSION BELONGING TO MANSOUR BARZANI”

BGG response: That’s not how I read this news… as I understood it, it sounded like the property belonged to (or was purchased by) the U.S. fuel contractor who bribed Barzani. On the other hand, if it is his – fine. Take it. The Kurds might get the idea we aren’t kidding around.

Dinar Investor – Jeff   The closer you get to the finish line, the more misleading you have to expect the news to be.  And that’s what you’re witnessing.

Omar – Dinar Guru   The United States has blocked $500 million in cash delivery to Iraq in order to pressure Baghdad in dismantling the Iranian-backed militia.  We found out today that a cargo plane carrying nearly $500 million in physical banknotes was blocked by the Treasury Department today.  This is the second time that such a shipment was delayed since the Iraq war began in February.  The money is Iraq’s own money.  It is from our oil revenue that the United States has been holding in the Federal Reserve Bank of New York since 2003…Iraq cannot pay salaries, food and medicine without the United States approval of these transfers…

BGG response: This has been on many major news outlets recently. Widely published. Good news.

Clare – Dinar Guru  Article:  “New sanctions package: Freezing accounts and terminating the residency permits of politicians and their families in America and Europe” Quote: “Following the move to block the flow of dollars into Iraq…the next phase may witness…’termination of residency permits’ of Iraqis in Western countries suspected of having ties to Iran… These  measures will not be limited to the United States, but could extend to ‘Iraqis in Europe, Canada, and Australia, including politicians, their families, and their bank accounts…‘ ”

Mountain Goat – Dinar Guru  It appears that there are still some doubters about this investment in the Iraq dinar. With my knowledge and study of the revaluation of the Iraq dinar I do not think, but I know, this dinar is going to revalue soon and it will revalue under the Trump administration. All Chapter VII sanctions are gone as well as all other obstacles except one  including the OFAC sanctions which limits trading of the IQD, meaning it is not yet on FOREX or other currency trading platforms. This is the last step and this step is going to happen soon as it has to for the Trump plan for Iraq to get investors flocking into Iraq.   I am not saying it will happen tomorrow but my CBI contact recently told me they are already conducting the re-education phase to make citizens aware that this removing of the zeros is coming. Why would they do this now again?  My contact is on the committee to roll out the lower denominations when this even occurs. Do not get discouraged…

Samson – Dinar Guru  Article:  “GLOBAL OIL PRICES RISE, WITH BRENT CRUDE REACHING $104 PER BARREL“

Reset Intelligence – Dinar Guru  On Thursday in Baghdad, parliament extended its own term by 30 days.  Surprise level = zero.  Every Iraqi cabinet formation since 2005 has missed its constitutional clock. The 2018 cycle ran eight months before key ministries were filled. The 2022 cycle ran more than a year before a government stood up…The room parliament walked back into is the one that matters.  The 2026 budget is closed…Article 24 blocks new borrowing until a seated parliament passes a law. The oil-proceeds cash pallets through the Federal Reserve Bank of New York are halted. Reserves stress was signaled on Iraqi state television this week. That corners the CBI to two levers: draw down reserves, or reprice the dinar. One of those got a signal this week.  The other did not.  Well not yet anyway…

Sandy Ingram – Dinar Guru   Remember Iraq has over $100 billion in the US Federal Reserve…because Iraq is still under sanctions.  All of Iraq’s oil money is paid in US dollars and is funneled through the US Federal Reserve…It’s their money…now the US is saying, no, no, no, no no, we’re not seeding any more money because of the Iran backed militants in your country…This is unbelievable.

Dinar Investor – Jeff  Once the government is 100% done that allows them to revalue the currency…The only thing we really care about right now is the formation of the government, more specifically the prime minister position because that’s the last final one…The HCL comes after the rate changes.

Mountain Goat – Dinar Guru   …we learn that the meetings that were supposed to decide on the prime minister candidate this week did not result in selecting a new nominee for the position. We are told the deadline is this weekend and the end to constitutional clock is nearing…the clock is ticking and ends Sunday 4/26. Will they string it out right to the very end?

Samson – Dinar Guru  Article:  “EXCLUSIVE: MILES CAGGINS: WASHINGTON IS USING THE ‘WEAPON OF ECONOMICS’ TO DISTANCE IRAQ FROM TEHRAN“

Sandy Ingram – Dinar Guru  This is unbelievable.  The US Treasury Department has blocked an aircraft that was carrying $500 million US banknotes from Iraq’s oil revenue…The United States has shut down the money flow from Iraq’s own money because of the Iran-backed militants in the country…and have also paused parts of its security cooperation with the Iraqi military according to the Wall Street Journal.  This move is intended to increase pressure on Baghdad to take action against powerful Iran aligned groups operating inside of the country Iraq…

Dinar Investor – Jeff   Question: “All this talk about removing the zeros, is that in country only?”  No, they can’t do things only within country.  Anytime the value of the dinar is posted on the CBI website that’s publicly global.  Nothing’s just in Iraq.

Mountain Goat – Dinar Guru   Article:   “WASHINGTON HAS HALTED DOLLAR SHIPMENTS TO IRAQ UNTIL A NEW IRAQI GOVERNMENT IS FORMED”  we learn one of the measures the US is using to threaten Iraq to disarm the Iranian backed militia is to cut off shipments of dollars to Iraq…These current U.S. sanctions appear to be about the sanctioning of the actual airborne flights of paper dollars into Iraq… Will it actually help Iraq more than hurt it in curbing the parallel market since the paper dollars will dry up. Maybe this is something that should have been done a long time ago? It will bring up the rate of the dinar.

Dinar Investor – Jeff  Many have stated deleting the zeros refers to taking zeros off the exchange rate…This is very misleading, inaccurate information…It means taking three zeros off the currency notes.  In other words, ending, eliminating, removing three zeroed or multiple zero currency notes.  It has nothing to do with the exchange rate.  Only the currency notes.   Getting them, phasing them out, removing them, getting them out of circulation to replace.  They’re going to be replacing multiple  zero currency notes with smaller currency notes.  Why?  Because the US sanctions are coming off and Iraq has little to no  inflation.

Reset Intelligence – Dinar Guru  Parliament backed the Central Bank’s monetary independence as a principle. That is a different question from what the banks think of the man in the governor’s seat. On the same week the parliament speaker walked into the governor’s office, the central bank issued the ninety-page supervisory framework that binds fifteen Islamic bank licences to  the International Financial Services Board standard on capital adequacy. The institutional track keeps running under the operator who has refused for a year to touch the rate. The plumbing continues to tighten.

Militia Man – Dinar Guru  The headlines can feel loud with regional tensions but underneath that noise the real signals we’ve been tracking continue to show a quiet but steady progress on reforms, diversification and political cleanup taking place.

Sandy Ingram – Dinar Guru  Why has Iraq not disarmed the Iran-backed militants?  This has gotten totally out of hand. Other countries in the Middle East are calling on Iraq to explain why missiles are leaving Iraq and landing in their countries. This is really serious….How does this affect our investment?  …We are unsure what hold Iran has over Iraq…Religious ties may be behind the unusual bond between the two countries…As investors, we may need to wrap our heads around the fact that Iran will always be in the picture.  Does Iran want Iraq’s currency to adjust to a higher value?  Probably, but we can’t be sure.  At least not yet.

Dinar Investor – Jeff   The formation of Iraq’s government is the lynch pin to the rate change…It’s all coming together…They are setting the stage to revalue…We’re extremely close to the timing of the rate change…Good news is coming…

Clare – Dinar Guru  Article:   “Because of the ‘factions,’ Washington is preventing the transfer of $500 million in oil revenues to Baghdad” Quote:  “The Wall Street Journal quoted the US State Department as confirming that Washington expects Iraq to take concrete steps to dismantle these groups, stressing that Baghdad’s ‘failure’ to prevent attacks targeting US interests and its allies in the region casts a negative shadow on bilateral relations between the two countries.“

Mountain Goat – Dinar Guru   …the meeting to determine the new prime minister was first supposed to happen last Saturday, then postponed until Sunday and then Monday. Now they are saying Wednesday [today]. Article quote: “…the coalition has postponed the official declaration of its candidate for Iraq’s prime minister until Wednesday.”

Samson – Dinar Guru   Article:  “GOVERNMENT ADVISOR: INFLATION REMAINING BELOW 3% REFLECTS THE EXISTENCE OF A SYSTEM THAT HAS SUCCESSFULLY ABSORBED SHOCKS”  Quote: “Saleh explained that although the parallel market witnessed significant deviations in the exchange rate, reaching about 16%, from its rates before the Hormuz shock and the 12-day war before it this year, the annual inflation rate remained below 3%, noting that this paradox reflects the existence of an integrated economic policy system that succeeded in absorbing shocks and limiting their transmission to the general price level.”

Dinar Investor – Jeff   If everything is done with the full government formation by Saturday…There’s a very good chance the rate can change this month of April.  That’s all that we’re looking for.  We’re extremely close to the end of this ride.

Militia Man – Dinar Guru  Because of Hormuz, what is taking place is Iraq is going to be in the driver’s seat at the end of the day and already showing signs of that…If they were to keep it closed, they can still get by.  Big.

Reset Intelligence – Dinar Guru  Al-Alaq’s public statement is that the Central Bank of Iraq is constantly reviewing the deletion of the zeros from the dinar. Ground sources report that the banking sector has lost patience with the governor personally…The institution [CBI] is moving. The operator [Alaq] is still reading scripts.

Paulette – Dinar Guru  The name of Ihsan Al-Awadi as a new candidate…may be acceptable…although I am still selfishly hoping for Mahdi whose COM authored the White Papers “Pillars for Economic Reform”…after all, they were a roadmap to return the IQD to Forex…Ihsan Al-Awadi was part of the Mahdi government so at least that may be beneficial…

Clare – Dinar Guru  Article:  “Dinar only for purchasing residential units” Quote: “Local sources confirmed National Investment Authority Investment authorities in all governorates are committed to implementing the applicable instructions and regulations regarding the sale and lease of residential units within investment projects, which stipulate the exclusive use of the Iraqi dinar in all sales and installment transactions, emphasizing the prohibition of dealing in any foreign currency… these measures are part of supporting the state’s monetary policy and strengthening confidence in the national currency, as well as reducing exchange rate fluctuations…The commission called on “citizens to report any violations in this regard.“

Samson – Dinar Guru   Article: “INVESTMENT AUTHORITY : THE DINAR WILL BE THE SOLE CURRENCY FOR THE SALE OF RESIDENTIAL UNITS”  Quote:  “It affirmed that violating entities will be held legally accountable under the relevant laws.”

 Stephen – Dinar Guru  Quite a few people sending me the same article.  It is actually a pretty big development when it comes to the US/Iraq relationship…and important for the Iraqi dinar.   Article: “Washington has halted US dollar shipments to Iraq until a new government is formed.”  The US is telling Iraq they want all of the Iranian influence, any Iranian leadership  out…We don’t want them involved in your new government… The US is holding over Iraq’s head saying, ‘Hey if you don’t…get rid of all Iranian influence and leadership in your newly formed movement then we are no longer going to send you US dollars like we have been for the last 23 years.‘  This is probably the biggest breakdown of US/Iraq talks in the last 23 years.  This is a really big deal…I think this is a good thing…