Mountain Goat

Mountain Goat – Dinar Guru    Article:  “MUQTADA AL-SADR: TO SHIITE BLOCS – DO NOT INTERFERE IN THE AL-ZORFI CASE .. THIS IS AN IRAQI AFFAIR”  This is one of those WOW! articlesHere Sadr is saying to the Shiite blocs to back off and allow Iraq to freely elect a new prime minister and to support him. He alludes to Iran as an “occupier”. This is the first time recently I heard him say this. This is all very good for Iraq and getting this new government done. Let’s hope the Shiites listen to him.

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Dinar Investor – Jeff

Dinar Investor – Jeff    …Donald Trump told us that the US government has approximately $35 Billion US dollars worth of Iraq dinar in the US reserves.  Plus we the investors all hold dinar.  Once we go to exchange it through banks and brokers who will eventually turn it to the US Treasury.  And all the dinar we have will make it back to the US reserves…what does that mean?  As the dinar begins to strengthen and gain value its gonna strengthen the value of the US dollar…right now the US is in one of its worst economic positions it’s ever been.  All of our financial markets are crashing…the dow this week reached 19,000 points…you would think with how collapsed the US economy is right now that the value of the US dollar would also be down…As of last night the value of the US dollar went above 102 cents…It’s at its highest point in three years…this should confirm a lot for you where we’re at right now.

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Dinar Investor – Jeff

Dinar Investor – Jeff   the last time that the U.S. government gave financial assistance to the U.S. citizens was back when Kuwait reinstated their currency…we could have approximately two checks coming from our own federal government…maybe April 6th and the second one coming around May 18th which would be financial aid for us.  That could be after the Iraq RI rate change.

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Mountain Goat

Mountain Goat – Dinar Guru   Iraq was able to meet its constitution deadline…March 17th for selection of a new designate to put the government together.  Tariq Harb said in a special statement to PUKmedia , on Tuesday 3/17/2020, that Imam Al-Zarfi has a period of 30 days to form a government… I still strongly believe that M. Allawi is going to come back as he will ultimately be asked to come back as the candidate again.  I still say Allawi will get a second chance at forming the government. I know this may sound silly but watch this play out. He is our third miracle. There is no one else.

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Mountain Goat

Mountain Goat – Dinar Guru   …Some say this [the Corona virus] is the start of the Global Currency Reset (GCR). …First, I absolutely DO NOT agree with any future reset or GCR coming.   …Currencies are revaluing everyday and certainly many good ones have opportunities to do so and make you some really good returns on your investment, when they do…

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Adam Montana

Adam Montana – Dinar Guru  Article:  “The President of the Republic assigns Adnan Al-Zarfi to officially head the government”   …here’s a name for you: Adnan Al Zurfi. That’s the name of the person just appointed to the Iraqi Prime Minister position.  Truthfully, my friends, it’s too soon right now to know if he will be the one to ring the bell for us.  …Too early in this to get excited, but I’m happy to see something happening.  Let the news roll in!

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MilitiaMan

MilitiaMan – Dinar Guru  Iraq market: stop the organization of trading sessions and trading activity in securities as of tomorrow”  Quote:  “…the suspension of stock dealings from Tuesday 2020/3/17 to enable brokerage and investment companies to complete financial adjustments between them – starting again on 2020/3/24.”  Oh!!! Man!!! They have to have things adjusted within that time frame above! Everything needs to be done and dusted by then!!! IOO, they’ll do this with Mahdi ioo…in other words we are getting paid!!!

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Dinar Investor – Jeff

Dinar Investor – Jeff    Article:   “The Iraqi market stops the organization of trading sessions and trading activity in securities as of tomorrow”  That would mean Tuesday…one of the things we’ve been looking for them to stop the ISX…they did not tell us how long trading will be stopped or ended for what period of time and we would need to know but…as we approach or reach the rate change one of the things we’ve always looked for is for them to end trading in close proximity to the rate change.   Reason why is they can’t really change the rate while the markets are open because the markets work off of the rate…They are trading off the value of the currency.  We’ve always looked for them to shut down the stock market…as kind of preluder… beginning point…

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Delta

Delta – Dinar Guru   Article:  “Iraq market: stop the organization of trading sessions and trading activity in securities as of tomorrow”  Quote:  “…the suspension of stock dealings from Tuesday 2020/3/17 to enable brokerage and investment companies to complete financial adjustments between them – starting again on 2020/3/24.”    THEY LET THE CAT OUT OF THE BAG…THEY ARE SAYING THEY ARE CLOSING TRADING FOR ONE WEEK BECAUSE OF CORONA…THEN  THEY ARE SAYING  COMPANIES TO COMPLETE FINANCIAL ADJUSTMENT…ANOTHER HUGE AND AMAZING ARTICLE…

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Dinar Investor – Jeff 

Dinar Investor – Jeff   Article “Legal Expert:  After the failure of the seven committee…constitutionally Salih takes over the Prime Minister with his full powers”   The president will act as the prime minister.  So they have a stable government.  Good.  That’s all we need.  So they do have an acting prime minister…

BGG ~ I’m not sure that’s exactly what that article meant – but anything is possible these days.

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MilitiaMan

MilitiaMan – Dinar Guru   Well, the dinar has been clearly been given the green light to move. The auctions are to stop, and the value of the IQD is to rise, NSCNs and coins are said to be in place where they will be needed, Alak Gov at the CBI  has been effectively announcing the need to raise the value of the IQD over the last few days, etc…   The COV-19  is deadly to some as it can be, it is nothing compared to past bugs in shear volume or statistical  numbers, therefore, the nature of the hysteria, may be used to hide and usher in the new beginnings and with that a RI with the IQD will help support that bounce Trump has so kindly given us hope for…  Lets all hang in there and pray we are truly witnessing a blessing well deserved by us all. We shall see.  imo.

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Dinar Investor – Jeff 

Dinar Investor – Jeff    What are we waiting on?  What have been the holdups?  …there’s a lot more to the coronavirus than just a virus…when the rate does change its gonna spike the US markets…IMO they had to use the coronavirus…to bring the markets down so when the rate does change it can shoot back up….

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Pimpy

Pimpy – Dinar Guru  Article:   “Reducing the Iraqi dinar exchange rate – determinants and alternatives”  …what they’re saying is if you devalue the Iraqi dinar then its gonna kill them on imports…They have to spend more money for raw materials.  That’s not what they need…they need to increase the value of the Iraqi dinar so that they could get the raw materials needed to rebuild that country.  If you decrease it it’s only gonna hurt them.  It’s gonna cause inflation because I’m gonna have to produce more money in order to buy more materials…if oil prices are dropping and it’s causing your deficit to go up.   If it’s causing your budget deficit to increase why would you then turn around and lower the value of your currency?  That doesn’t make sense…It goes on to say why the hell would Iraq lower their exchange rate that’s the opposite of what they should be doing.  I’m gonna agree with this article…they go on to make this case that decreasing the value of the currency is the wrong move.  It should be increased…

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G-Lin

G-Lin – Dinar Guru   Article:  “Al-Asadi: Tonight, the name of the prime minister will be announced”  Quotes:  “The head of the “Sanad” parliamentary bloc, Ahmed Al-Asadi, announced on Sunday that tonight the name of the prime minister will be announced.“;  “in the coming hours, the Seven Committee will decide its decision regarding choosing the appropriate person to form the interim government and submit it for final approval.”   Looks like a new P.M. maybe.

BGG ~ Nope.

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Dinar Investor – Jeff

Dinar Investor – Jeff   Article:   “Urgent: The seven committee selects Naim Al-Suhail as a candidate for Prime Minister”  Supposedly they have a committee of 7 members and supposedly they’ve named this gentleman Al-Suhail as a candidate for prime minister…we’ll see if they can actually make that announcement Monday supposedly the deadline to appoint a nominee for the Prime Minister.  Either way I’m not too concerned about the political process.  Remember the Central Bank is completely autonomous from the government itself…the Central Bank has been in communication with the Trump Administration…From all of Iraq’s actions in all of ’19 they showed us they were setting the stage for this.  In greater depth they showed us they were setting the stage for this in Q1 of this year.  Iraq has showed us and revealed to us from their steps and factual actions they are ready...

BGG ~ Probably not…

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Sandyf

Sandyf – Dinar Guru   …It would be delusional to think that Iraq meets the IMF guidelines for a successful transition. Iraq is in a desperate situation, as was Egypt when the IMF forced the transition as a devaluation mechanism. If Iraq follows the same path it will join Egypt on the list of disorderly transitions with the IQD taking many years to regain the value it has now.  Floating the currency is never going to create any meaningful return on the IQD investment.

BGG ~ There is virtually no way a reasonable person can compare Egypt and Iraq. Jibberish.

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G-Lin

G-Lin – Dinar Guru   Article:  “Former minister: Iraqi dinar on the way to “float”    Quote: “The former minister, Amer Abdul-Jabbar, confirmed today, Wednesday, that the Iraqi dinar is on the way to floating…”   …I think they are trying to create a level trading field at the borders with other countries. International trading. That’s the goal. But in order to do that they must curtail the corruption. They want and need to limit imports and make Iraq self sufficient. That would increase the currency value imo. And it would need to float.  But how strange to see a float article at this turbulent time. …Oil tanking, virus running a mock globally, incomplete Gov., additional bombing of Taji base yesterday with U.S. and ally casualties, and, and, and…the list goes on. …I would think this would be the worst time ever to float their currency…but who knows?

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MilitiaMan

MilitiaMan – Dinar Guru   Article:  “Reducing the Iraqi dinar exchange rate – determinants and alternatives”   This is effectively the opposite of the plan. The why and why not to devalue.   …the CBI has explained they are not going to devalue for many reasons. The thing I like is that they use the reasons that support the opposite to occur.  They haven’t come this far with the reforms to devalue. They are not of the mind at this juncture to hurt the citizens. That imo would be suicide.  They clearly see that revenues are in a pinch with oil down. Therefore, imo with out them saying as much they are saying with out saying they are going to raise the value.  The negative side of the equation, is devaluation, the positive side is revaluation, imo.. They have the money printed and ready to go, they have the tools in place to facilitate the transition…imo…

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Mountain Goat

Mountain Goat – Dinar Guru  The drama of selecting a new prime minister continues…The corona virus is not helping either. Just this week an economist came out and said they should put the dinar on a floatReally? We know this will never happen until they are ready to also raise the rate and get out of these auctions and artificially held down rate. …we have read already many, many articles on the pros and cons of going on a float just inside Iraq. The key is they can not do it “just inside Iraq”. It can not ever happen since the IQD is on a fixed de-facto peg to the US dollar. …This info alone should nullify such requests by these economists.   Yes, the CBI has adjusted the exchange rate from time to time for inflation. This is all they are allowed to do. But this is not a “float”. A float is based on market demand and floats are on an exchange where investors can come in and buy and sell. This will never happen on the artificial rate and process of the currency auctions window at the bankIt is all just talk, talk and more BS from people not responsible for the monetary policy of Iraq or who know how to manage monetary policies for countries.

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Adam Montana

Adam Montana – Dinar Guru   …The world, and the world markets, are treating the Corona Virus as if it were a full blown pandemic – so, whether it deserves to be treated that way or not – that’s what we are dealing with.  OIL is down to about $30….Stocks… don’t even get me started on the markets… Iraq is vulnerable to all of these things, just like the rest of the world – and on top of that, they are dealing with a Prime Minister issue. In spite of all that… guess who’s not going anywhere?  Iraq, you, and me. We aren’t going anywhere…

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Pimpy

Pimpy – Dinar Guru    ...right now the dinar is pegged.  That’s a fixed exchange rate against the U.S. dollar...if it floats then what determines its value is gonna be based on supply and demand and market…this is good.  As Iraq gets their crap together and the better they do the more valuable the currency becomes…we want this.  We’ve been saying this for a long time.  We need them to unpeg from the U.S. dollar which is a fixed exchange rate.  Which is manipulated by the government and we want them to go into a floating exchange rate…just like that it can jump up in value…if we get this you’d be surprised what will happen to the dinar once the government is established.  Once they’re stable and there’s no more protesting the dinar would just keep going up and up… [Post 2 of 2]

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Pimpy

Pimpy – Dinar Guru   Is this right Is there an article out there saying that we finally have Iraq heading towards a floating rate?  This can’t be?  When I found out about this I almost lost my poop… Article:  “Former Minister:  Iraqi Dinar On The Way To “Float“. …we want the Iraqi dinar to float.  Yes we do This article says for the purpose of reducing its value.  That’s not the case.  Quote:   “The former minister, Jabbar, confirmed today, Wednesday, that the Iraqi dinar is on the way to floating…” …this is good news believe it or not.  I’m not talking about how the dinar is gonna lower in rate…  [Post 1 of 2]

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Kaperoni

Kaperoni – Dinar Guru   Can I toot my own horn?  Ok here you go…Article:  “Former minister: Iraqi dinar on the way to “float”  Quote:  “the Iraqi dinar is on its way to float (i.e. reduce its value), and the Iraqi government may have to increase the exchange rate of the dollar to 1250 dinars against the dollar in order to obtain additional funds estimated at 4 trillion dinars in the budget and this matter is positive because it will allow encouraging the national industry because it will raise the value Imported goods and makes domestic competitive.”  Maybe some of you will study monetary policy now… I do agree that under the current conditions it will probably devalue the dinar. That is why I have stated numerous times that is important that they create the conditions to launch a market economy first.  If Iraq wants to succeed at raising the value they need to create a market economy, have a gov in place, cabinet and pass laws that investors will come and participate.

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Francis Albert

Francis Albert – Dinar Guru   Not sure where this “float” thing is coming from. All currencies go up and down based on people buying and selling them. I believe there’s over 5 Trillion, (that’s a T) bet on the FOREX market every DAY. And all currencies are basically pegged to the dollar whether they like it or not. As the Iraqi Dinar rises in value after going International on FOREX, the money currency players on FOREX make on a rising Dinar comes from other traders, not Iraq.

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Pimpy

Pimpy – Dinar Guru  …I told you I think that Iraq is gonna come out on a sweet spot of around $1.34one of the things they can do is increase the value of the dinar.  Give themselves purchasing power and let them go and buy stuff from other countries that they need so they could get all their needs taken care of…

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Pimpy

Pimpy – Dinar Guru   the Iraqi Stock Exchange is closed until March 21st.  So many rumors out there before this was announced.  Why did they close until March 21st?  ...maybe they are preparing themselves for what The rate change.  Could they be preparing themselves for a rate change?  Is that what’s going on?  We’ll find out right.

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Kaperoni

Kaperoni – Dinar Guru   …The auctions absolutely will go away once the CBI accepts IMF Article VIII. There will be little need once the dinar is traded globally. In fact, it is preferred. And once the dinar floats, the global financial system will trade the dinar and its value qill be determined by market forces.

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Breitling

Breitling – Dinar Guru   I’ve never had fear of the Iraqi dinar gaining value.  It’s just at what pace and at what rate.  I have more confidence today than I’ve ever had.  But the dinar crowd this is gonna be a prayer answered and then it’s gonna be taken away because the most important part of what they need to know they’re not even looking at.  They’re just worried about getting the money.  You have to have a tax plan in place...

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Mountain Goat

Mountain Goat – Dinar Guru    …we are waiting for our third miracle. This miracle is finding that person who will be the saving grace for Iraq to stand up to all the corruption. This corruption stems from Iranian backed militias, the strong-arm of the Iranian backed politicians. I believe this person is Mohammed Allawi. Yes, he did not get his way with the cabinet he wanted and so he backed out, for now. But he will return as he is the man for the job and will come back in time. …Once Allawi has the legitimate power he needs we will see the necessary changes. Literally, things can change very quickly. It is amazing what a difference a day can make. We wait for this miracle.

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