Dinar Observer Daily

Sandy Ingram – Dinar Guru  I need to talk to you about what’s happening in the talks between the US and Iran.  These talks are being held in Oman…What’s so unique about these talks is they’re not sitting around a table talking to each other.  The tensions are too high for that…What happens is they pass notes or information and the mediator…talks privately to that person.  They are not sitting around a table…They call this ‘indirect negotiations’.  What I’m thinking is going to happen is the US is going to learn the real reason why Iran wants to implement and flex its country and powers into Iraq’s government.  Once the US understands the real reasons, not what people are just saying, the US will better be able to help Iraq…

Mountain Goat – Dinar Guru   Article:  “THE END OF THE “LONG STRUGGLE” … MALIKI IS CLOSE TO ANNOUNCING HIS WITHDRAWAL EXPECTATIONS ARE THAT A NEW SESSION TO ELECT THE “PRESIDENT” WILL BE HELD EARLY NEXT WEEK.”  My sincere belief, not opinion, is that this announcement is what Kurdistan was waiting for in order to announce their nominee for the presidency. Kurdistan would not have just announced their candidate Fuad Hussein, if they didn’t know that Maliki was out...this was the sole reason for the stalling in the election process in the first place as a delay in picking the president was just a reason to stall. In other words, a political maneuver by the Kurds to stall the process in order to take a step back and keep the next step from happening, which would have been Maliki’s nomination.

Mountain Goat – Dinar Guru  This Iraqi dinar reinstatement is not a revaluation…The rate only changes to something we all want when it is reinstated. We call it the RV for short because the rate will jump from artificially suppressed rate (1320) to the nominal rate ($4+) since it will have to change accordingly with the new peg. This is a very straight redenomination process, unlike other redenominations done in many other countries…as Iraq won’t be facing hyperinflation and resetting their currency to combat this inflation. But rather resetting to get back to pre-sanction era days (1991). It will be a resetting so they can reinstate the currency at a much higher rate…

Clare – Dinar Guru Article: “Al-Hurra website, citing sources: US officials informed Maliki that his nomination was  ‘categorically’ rejected and that proceeding with it would have consequences”  Quote “The US-based Al-Hurra website quoted sources  from the coordination framework as saying that the failure to elect a president…was due to the dispute over the nomination  of…Nouri al-Maliki…She added that Maliki…tried to open channels of communication with American officials to find out if Trump’s veto was negotiable, but the response was decisive…proceeding with his nomination will have repercussions…” 

Militia Man – Dinar Guru  The CBI can adjust when ready.  They’re independent since their law from 2004. The gatekeepers, IMF, BIS, US, want data driven moves…They don’t want shocks.  Digital technology like programmable dinar…allows for fast and furious market emotion to build demand positively upon adjustment.

Samson – Dinar Guru Article: “IRAQ ACHIEVES SELF-SUFFICIENCY IN 48 AGRICULTURAL CROPS AND EXPORTS THE SURPLUS”

Sandy Ingram – Dinar Guru  As I was traveling [To Northern Africa] I thought to myself, what if Iraq charges its [Development Road Project] clients in US dollars?  And my heart dropped…Can they do that?  Will they do that?  I don’t know.  I’ve got to…find out if that’s even feasible.  They sell oil in US dollars, why would they not possibly at least research the idea of selling the transportation hub services in US dollars…? It doesn’t do anything for their currency the Iraqi dinar but the Iraqi dinar would need to come up.  It would need to move over at least two decimal points…We need the IQD to move over several decimal points in order to realize some sort of profit.

Clare – Dinar Guru  Article: “Bloomberg: Washington threatens to withhold Iraqi oil revenues because of Maliki US officials met with the governor of the Central Bank of Iraq in Türkiye last week” Quote: “Sources told Bloomberg that Washington informed Iraqi officials in recent days that it might reduce Iraq’s access to oil export revenues if Nouri al-Maliki is appointed prime minister, given the US view of him as being close to Iran…the United States issued a new warning during a meeting held last week in Türkiye between the Governor of the Central Bank of Iraq, Ali Al-Alaq, and senior American officials.”

Militia Man – Dinar Guru  Aside for the political noise they’re still doing what they’re doing…follow the money.  Follow the largest financial institutions in the world.  That’s where you should be…

Clare – Dinar Guru  Article:  “Maliki’s name appears 120 times in Epstein’s files… What’s the story?”  Quote: “According to what Al-Sa’a Network has observed, the mention of Maliki in these files is not related to any direct connection to the Epstein criminal case, but rather comes within a broader political and analytical context…The answer provided by these materials does not point to any direct connection with Epstein, but rather places al-Maliki at the heart of what the documents describe as ‘Iraq’s moment of collapse’…One of the most frequently repeated points within the Epstein files relates to what the texts describe as the Iranian engineering of Maliki’s continued hold on power… According to the documents, Qassem Soleimani was the main driver of the political deal that kept Maliki as prime minister…“

Mountain Goat – Dinar Guru   Iraq still waits for a breakthrough in the election cycle. Meanwhile the Central Bank is still moving ahead with its banking reforms…we know that the Central Bank is ready to move ahead with the currency reform project and make tangible evidence to us. They are ready right now!  Yes, the Project to Delete the Zeros still sits in the wings waiting the election to show positive results. Certainly, if Iraq insists on Nori al-Maliki…this process may take some more time. If he backs down and al-Sudani is nominated we could see the rest of the process fly ahead very quickly.

Samson – Dinar Guru   Article:  “BAGHDAD WELCOMES 36 COUNTRIES AND 1100 COMPANIES TO ITS INTERNATIONAL EXHIBITION“

Sandy Ingram – Dinar Guru   When you compare the currency rates [of the Middle East and North Africa] they are scattered all over the place.  But here’s the deal.  When the development road project does it’s thing, in order for Iraq to take full benefit from the cost of transporting goods from the Gulf to the Mediterranean Sea through Turkey you can’t help but realize Iraq will need to raise the value of its currency so it can take full benefit of its services.

Militia Man – Dinar Guru  Reserves are strong and inflation is anchored.  The market perception is the key battleground with gatekeepers and CBI knowing perception drives behaviors.  Markets are emotional…Negative noise keeps traders cautious, reduces hoarding, speculation.  The positive quiet results builds organic confidence.  Non-oil revenue is up, digital payments surging, reserves are growing, gold – 171 tons, reserves at over $115 billion.  Inflation is low...What is the end result?  Markets move in favor of the reforms when the time comes, demand for the dinar rises.  Real fundamentals are not rumors.

Mountain Goat – Dinar Guru  Again, I have to dispel rumors… that the CBI works independently and that they will reinstate when they are ready regardless of the elections and corruption…They forget or don’t know that the CBI and the GOI work hand-in-hand. This independence only goes so far.

Militia Man – Dinar Guru  Their politics is 3 or 4 days late already.  That’s just the way that system works.  But I don’t think anything is stopping the monetary flow…The political noise is just that, political noise.

Jeff – Dinar Guru   Putting Maliki in [prime minister position] would be a fatal step.  It will ruin the country because of what the Trump administration will do to them.

Sandy Ingram – Dinar Guru   Article:  “Exclusive:  US special envoy for Iraq Mark Savaya no longer in the post…”  We know things are changing because positions are changing from the top.

Militia Man – Dinar Guru  I know there’s been what looks to be drama of politics but…the monetary reforms, economic reforms, there’s no stopping it.  They’re still moving forward…The politics side of it is always kind of an unknown but in terms of large amounts of money, like hundreds of billion, hasn’t stopped flowing.  They haven’t had any blowback from anyone when it comes to big money.  Everybody’s still moving forward.

Jeff – Dinar Guru   Let’s get into the ‘Kuwait Syndrome’ aspect of this.  Can they tell you before the rate changes that they’re going to flat out pull the OACT sanctions…?  Those are the last, final, remaining sanctions on Iraq…Hell no they’re not going to do that...Here’s what they’re doing.  They’re reviewing Iraq right now to make sure they’re worthy of lifting the last final remaining OFAC/US Treasury sanctions so they can increase the currency value and go international.  But what they’re portraying in the news is instability and insecurity.  They can’t give you clues the rate is about to go up in value. This is the Kuwait Syndrome…When you follow the facts through the means of their actions you can gauge this so much better and accurately…

Sandy Ingram – Dinar Guru   $100 billion, Iraq’s funds held at the US Federal Reserve – this is what it’s all about...They don’t want Maliki to get his hands on that $100 billion that’s being held in the Federal Reserve.  Trump has denounced support of Maliki if elected prime minister again.  There are people in Iraq trying to prevent this…The news in the Middle East is saying Trump is losing control and Iraq is going to do what they want to do and Iraq is in charge and Iraq is this and Iraq is that.  You and I know that’s not true.  They postponed the session to elect the president for the 2nd time.  No president, no PM.

Mountain Goat – Dinar Guru    As investors in the Iraqi dinar we keep remembering those words of STABILITY and SECURITY that Dr Shabibi told us must occur first prior to any reinstatement. So, Iraq MUST have a STABLE government and the country of Iraq must be SECURE from foreign intervention and conflict. Do you really think it is now and ready to move to FOREX?

Sandy Ingram – Dinar Guru  Before any sustainable currency adjustment can occur, Iraq must have a banking system capable of handling international capital flows, meeting compliance requirements, supporting trade, and maintaining domestic confidence.  What appears to be a delay is actually a methodical process of alignment…Two fundamentally different financial
systems must be carefully aligned.

Jeff – Dinar Guru   What are the remaining sanctions?  UN Chapter VII sanctions, gone.  Oil export controls, gone. IMF, World Bank access still active.  WTO pathway is open…The last remaining sanctions on Iraq are within OFAC. 

Mountain Goat – Dinar Guru   we must believe that the Trump administration wants the reinstatement of the Iraq dinar even more than we do, however the situation in and around Iraq must be stable. Trump plans to bring in massive US money to Iraq for development and investment, but it must be stable and secure first. 

Jeff – Dinar Guru    To go any further forward after the government is formed they have to change the rate.  With that said…as the government nears the second half of the formation, Savaya’s envoy is going there to open the books to give them a financial review/audit.  Part of the reason they’re auditing them is because they’re getting ready to lift the sanctions so they can go international.  It’s about allowing them to go international.  The last remaining sanctions is OFAC.

Militia Man – Dinar Guru  You see the corruption falling.  You see the bite back from the corruption because the new systems are working.  They’re not having it.  They’re not liking it.  Today’s theme in the news has been about misinformation.  It’s quite evident…You have to be very careful on what you read and how you read it because there’s a lot of propaganda out  there. 

Pimpy – Dinar Guru  Al-Sudani has stepped down [from the next prime minister election].  They worked out some concessions that Al-Sudani is getting and he has stepped down.  This is so bad.  But there is a tiny silver lining and that is they are not 100% sold on Maliki.  There’s other candidates they might take in consideration.  Let’s hope that’s the truth….The future for Iraq is going to be interesting.

Sandy Ingram – Dinar Guru   A conflict between Iran and the United States is brewing.  It is reported there has been over 16,000 protesters killed in Iran…A lot of Iranians are using smaller border crossings in northern Iraq to enter into Iraq.  Lots and lots of Iranians have already crossed the border…This is not good for Iraq or Iraqi investors.

Clare – Dinar Guru  Tom Harb, President of the American Middle East Coalition for Democracy, interview “What is the significance of choosing Mark Savaya as President Trump’s special envoy to Iraq? …The appointment of Mark Savaya is a positive step that Iraq should capitalize on.
The selection of a special envoy simply means that President Trump is personally interested in direct engagement with Iraq and its development and growth. Savaya’s arrival in Baghdad will signify the White House’s willingness to push Iraq toward significant reforms. However, this is contingent on him finding a genuine partner within the government, one who doesn’t merely make statements for the cameras and then return to Baghdad contradicting the commitments made in Washington.” [Post 1 of 2]