{"id":15530,"date":"2018-08-29T19:01:27","date_gmt":"2018-08-30T00:01:27","guid":{"rendered":"https:\/\/www.dinarupdates.com\/observer\/?p=15530"},"modified":"2018-08-30T08:54:51","modified_gmt":"2018-08-30T13:54:51","slug":"dinar-observer-daily-august-29th-3","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=15530","title":{"rendered":"DINAR OBSERVER DAILY \u2013 August 30th"},"content":{"rendered":"

Kaperoni\u00a0(Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0In typical Iraqi fashion…I believe things are now being delayed due to the lack of formation of the government\u00a0<\/strong>which has direct impact on currency reform, opening the banking system, inviting foreign investment.\u00a0\u00a0We also learn from one of our members who contacted the IMF that the Article IV Consultation has been delayed until the formation of the government.<\/u><\/strong>\u00a0And if what we believe is correct – that nothing will occur until after that consultation it seems like we’re just have to wait a few more months.\u00a0 And of course all the while keeping a watchful eye on the CBI currency auctions to make sure that they stay in compliance under the IMF requirements for Article VIII acceptance.<\/strong><\/p>\n

BGG ~ Oddly enough… this is what I just talked about (in my recent commentaries and our call). The new GOI being formed matters.<\/span><\/h2>\n

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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0 ...the one thing that is missing, now that the Elections are mostly concluded, is HCL.<\/strong>\u00a0I know I harp on that a lot, but\u00a0it’s truly the one thing I see that MUST\u00a0be done in order to have a successful RV.<\/strong><\/u>
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Breitling (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u2026Iraq is in a good position. \u00a0Even with their currency at a tenth of a penny. \u00a0There is no bad situation here. \u00a0It simply does not exist. \u00a0The currency is strong even at a tenth of a penny.\u00a0<\/strong><\/u>\u00a0They are using it for a purpose at that rate. \u00a0There is a reason the CBI, the Ministry of Planning, the Ministry of Finance and parliament went to the IMF and said, “Hey, we want to start raising the rate, what do we need to do? \u00a0What positions do we need to be in?’<\/em>\u00a0\u00a0And they kind of gave them a charter in order to do that. \u00a0It\u2019s very simple. \u00a0They haven\u2019t gone off the reservation on that at all… Since I\u2019ve gotten involved in this investment or this opportunity, it has not changed at all\u2026it\u2019s a timing issue and it\u2019s related to the markets<\/strong>\u2026
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Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

\"follow<\/a>Dinar Updates – Conference Call
\nBGG & Company from Aug. 28th
\nCST 641-715-3639 pin# 932875
\nReplay Link – https:\/\/d.pr\/WczPbF<\/a><\/span><\/strong><\/h2>\n

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Currency365 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0<\/span>\u00a0MAYBE THEY’LL ANNOUNCE IT MONDAY?\u00a0 [Largest Block ?]\u00a0 …Fuad Masum issued a decree calling the House of Representatives to convene Monday 9-3-18.\u00a0<\/strong>The session shall be chaired by the oldest member. The decree shall be implemented from the date of its issuance and published in the Official Gazette.
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Breitling (Dinar Guru) –<\/span>\u00a0\u00a0<\/strong>We alway get this question, \u201cOne day it\u2019s going to revalue in Iraq and all these Iraqis are going to be instant millionaires\u2026<\/em>\u201d\u00a0Its\u2019 doesn\u2019t work that way<\/strong>\u2026what happens is that you and I used the US dollar to purchase the currency\u2026at a tenth of a penny. \u00a0The Iraqi\u2019s were given that currency<\/u>.<\/strong>\u00a0\u00a0So the market inside Iraq reflects that tenth of a penny. \u00a0In other words if you go down to buy a coke or candy bar\u2026it\u2019s based on an economy based on a tenth of a penny. \u00a0What do you thinks going to happen when the value of the Iraqi dinar goes up to a buck?<\/strong>\u00a0[Post 1 of 2]
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Breitling (Dinar Guru) –<\/span><\/strong>\u00a0 …Do you think the coke and the candy bar are gong to stay at a tenth of a penny?<\/strong>\u00a0\u00a0Yeah, then they would be millionaires inside of Iraq. \u00a0But it\u2019s not. \u00a0The coke and the candy bar are now going to be worth a US dollar. \u00a0So they don\u2019t gain like you and I gain. \u00a0We bet with the US dollar and they did not<\/u><\/strong>\u2026Price of real estate, prices of goods and services, the labor force, everything will follow the value. \u00a0For some reason people confuse that. \u00a0You and I bought at a tenth of a penny out of a US dollar. \u00a0So that is where we get our gains<\/strong>… [Post 2 of 2]
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BGG ~ Where are we with this investment?<\/span><\/h2>\n

It’s something I get asked all the time.<\/span><\/h2>\n

Here are some thoughts on the current situation that may help some folks. So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country.<\/span><\/h2>\n

I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking.<\/span><\/h2>\n

How is this formation coming along? There are now two main groups competing for the chance to form the next GOI…<\/span><\/h2>\n

Read more:\u00a0\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 So on Sunday the CBI started the auctions again.\u00a0The media is reporting a market rate of 1210 to $1.\u00a0 This is still within compliance if correct.\u00a0<\/strong>
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Bloodloch (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0\u00a0 Keeping Score:\u00a0\u00a0The four alliances attending meeting — Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) — total 136 seats in the new parliament.<\/strong>\u00a0The hosting alliance — Kurdistan Democratic Party (Barzani) — has 25 seats in their pocket, for a total of 161 seats should these five alliances join forces. Only 4 more seats needed to win, from either of the two remaining big blocs — Decision Alliance (Sunni – 14 seats) or Patriotic Union of Kurdistan (PUK – 18 seats) — or some combination of other small 1 to 6 seat alliances floating around.\u00a0 [post 1 of 2….stay tuned]
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Bloodloch (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0Left out of the mix<\/strong>\u00a0and likely out of any significant decision-making authority in the formation of the new government —\u00a0Conquest Alliance (Iranian Proxy al-Ameri – 48 seats) and State of Law (former Prime Minister Maliki – 25 seats<\/strong>)\u00a0 [post 2 of 2]
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BGG ~ If you need a quote to buy Dinar – Please leave me a message on voicemail, send a text (615-509-6256), an e-mail or FaceBook message me. These all work.<\/span><\/strong><\/h2>\n

Our Current Sale price is $995 per million.<\/span><\/strong><\/h2>\n

www.TheDinarExchange.com<\/em><\/span><\/strong><\/a><\/h2>\n

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MilitiaMan (Dinar Guru) –<\/span><\/strong>\u00a0 \u00a0RE: Exchange Rates:\u00a0\u00a0\u00a0\u00a0…they are Paring the IQD with Global Currencies<\/strong>. They are not just local or regional ones they are paring with the USD, AUD, CND, JPY, BP, etc.. This site is a reputable site out of the UK.\u00a0\u00a0 …They are showing their patrons that they are going to have quotes for the IQD.\u00a0 Well once they change the rate from a program rate the game changes and in a big way, imo<\/strong>..\u00a0 We have been told that the IQD would go Global…\u00a0Well here is a venue that supports that they are about to do so. ~ imo<\/strong>\u00a0~<\/p>\n

https:\/\/www.exchangerates.org.uk\/Iraqi-Dinar-IQD-currency-table.html<\/strong><\/a>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country.<\/strong>\u00a0 Once they make that decision it could take 6 months to a year to get to a level that we are all excited about. We have documented this for years…
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Currency365 (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 “The Iraqi Islamic Party announced Saturday its support for the nomination of Haider al-Abadi for a second term at the head of the next government<\/em><\/u>.”\u00a0\u00a0…looks like @HaiderAlAbadi got an endorsement…<\/strong>
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Peshmerga can return to Kirkuk \u2013 if Kurds join Sadr-Abadi bloc<\/strong><\/span><\/h1>\n

ERBIL, Kurdistan Region \u2013<\/strong> Iraqi parties are busy building alliances which could soon form the basis of the country\u2019s next government. To persuade the Kurdish parties to join its bloc, Iraqi PM Haider al-Abadi\u2019s Nasr (Victory) alliance has offered to cut a deal on Kirkuk.<\/p>\n

\u201cKirkuk is a Kurdish, Arab, Iraqi city,\u201d Ahmed al-Hamdani, a high ranking Nasr official, told Rudaw. \u201cWe agree for the Peshmerga to return Kirkuk, as they bravely fought side by side with our forces to repel ISIS from Iraq.\u201d<\/p>\n

There was \u201cgood coordination between Kurds and Arabs and there is no damage to be incurred if the Peshmerga are our partners,\u201d he added.<\/p>\n

Last week, the Sayirun alliance \u2013 led by firebrand Shiite cleric Muqtada al-Sadr \u2013 teamed up with Abadi\u2019s Nasir, the Hikma Front, and Al-Wataniya to form the core of a parliamentary bloc. If the alliance can win over the Sunni and Kurdish parties, it is well placed to form a governing coalition…<\/p>\n

Read more:\u00a0\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “After Abadi, Maliki and Fayyad, Maasoum met with Amiri on the largest blo<\/em>c”\u00a0\u00a0\u00a0\u00a0The only thing you can be certain of, from this article \u2013 is that everyone is meeting with everyone in Iraq.<\/strong>\u00a0 Massoum met with Abadi\u2026then with Ameri\u2026then with Faleh al-Fayadh (national security advisor to Abadi)\u2026and at some point he met with Maliki\u2026None of which means all that much.\u00a0Massoum mainly has a direct hand in the timeline. He establishes the first meeting of Parliament which is a marker for the formation of the new GOI.<\/u><\/strong>\u00a0 The most curious wording was that Abadi\u2019s main thrust was just to get it moving.\u00a0He and Sadr seem confident they have the biggest bloc \u2013 else why push for this quick formation<\/u><\/strong>?
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0\u00a0The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country.<\/strong>\u00a0 [When please<\/em>?]\u00a0 I expected [expect it?] yet this year.
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Mnt Goat (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article quote:\u00a0 “The Iranian strategy is to inject a large, counterfeit Iraqi currency into Iraqi markets and push for increased demand for the US dollar by local traders.”\u00a0 Why is this so important to us and the RV?\u00a0\u00a0…BECAUSE THIS WILL INCREASE THE DEMAND FOR THE US DOLLAR, THUS DRIVE DOWN THE RATE OF THE DINAR…This will bring Iraq into non-compliance by the IMF for the MCP practices.<\/strong>\u00a0 I told everyone that these new sanctions were going to cause havoc in Iraq and will be the next reason to stall the RV…The answer to the problem<\/em>?\u00a0\u00a0Reinstate the dinar, get off the peg to the dollar and re-peg to the SDR basket of currencies. Use the dinar to conduct business. Issue the new lower category notes thus redenominate. Outlaw the use of the dollar in Iraq<\/strong>.
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