Dinar Observer Daily

MilitiaMan – Dinar Guru   Article:  “What does it mean to reduce the Iraqi dinar price against the dollar? .. An economist answers”   Gotta love the education they are doing. The explanation of the choices both good and bad..They will make the right choice and they have been telling us about it… the amount of countries coming into Iraq now shows that the doors are about to fully open and they are gearing for…to have the CBI share with the world and the Iraqi’s, as to what they can expect when the exchange rate changes.  I suspect those that have a need to know will have been all ears by now… So I am surely liking what I have been told would come is coming…

Mountain Goat – Dinar Guru   “IRAQ STOCK EXCHANGE ANNOUNCED, ON SUNDAY, THAT ITS FIRST SESSION WILL BE ON SUNDAY, MAY 31“  Does this article say anything about being traded on NASDAC?- NO! Does the ISX need an increase in a rate? – NO!  Does the reinstatement have to take place first– NO! These are all just…rumors…It does not say anything other than a change in their trading schedule…

Kaperoni – Dinar Guru   Once again, if the dinar is ever going to appreciate it will as a result of success of the economy.  Iraq needs stability, laws, and to open the private sector.  Only then will the CBI float the dinar.

Adam Montana – Dinar Guru  The fact that Oil is returning to normal and sustainable price levels…well, that’s just gravy.    One other component I think we need to keep on the radar is still the HCL. While we are seeing a lot of positive news on many other fronts, the HCL seems… suspiciously quiet.  …The HCL (Hydro Carbon Law) is extremely important. It covers a few things, perhaps most importantly is the money-sharing arrangement that it provides… Oil, the Transportation of Oil, the price of Oil, the intrinsic connection between Oil and Iraq’s economy… this is a short list of why the HCL is important. [post 1 of 2]

Adam Montana – Dinar Guru  The recent Iran-Turkey pipeline incident, courtesy of the PKK (Kurds), is certainly going to have an affect… particularly since Turkey seems to not want anything to do with fixing it. This incident hurts Iran more than anyone, benefits Iraq, and Turkey comes out better as well – both politically, financially, and in terms of future positioning…That also comes back full circle to the HCL…eliminating Iran from the equation is a benefit to Iraq, and the HCL will be used to ensure that the Kurds get a larger portion of these benefits.  Once again, when you look at the big picture it starts to make sense “why” the RV didn’t happen yet. The dominoes have been being placed, one at a time, and the HCL just might be the force that starts them moving…things are about to start happening REALLY FAST.  [post 2 of 2]

Mountain Goat – Dinar Guru   Article:  “THE HOUSE OF REPRESENTATIVES AND BY AN ABSOLUTE MAJORITY TO GIVE CONFIDENCE TO THE PRIME MINISTER AND MEMBERS OF THE MINISTERS AND THEIR SWEARING-IN”  the three most important are now filled and not by proxy anymore…the Ministry of Defense…Minister of Interior…Minister of Finance…Let’s get to work!!!

Adam Montana – Dinar Guru    Lots of talk lately about the new PM (KaZAMi-Kablammie-Kademi-KaJustRValready!), exchange rate talk, the US pulling out of Iraqi bases, and of course – “more”.  There was a time when there wasn’t much “more”, but lately things are picking up steam – Parliament blazing through tasks, the newly appointed PM seems to almost have entered the scene un-noticed…the fact that Kazammie is still in office, with no reports of (major) riots or protests, is an indicator that he could be “the one”.    [post 1 of 2]

Adam Montana – Dinar Guru   A key part of the “more” is the Iraqi Budget, which is looming on the horizon. The Budget is a big deal, but do NOT expect to see an RV rate in it – in fact, I place very little importance on the Budget numbers. What IS important and relevant is a successful conclusion and announcement of the Budget. That can only happen when the bobbleheads in Parliament actually meet, pull out their pens, and sign the agreement.   When that happens, it shows that Iraq is doing something positive, moving forward, and clearing the table for bigger items.      [post 2 of 2]

Mountain Goat – Dinar Guru    I quote- “It is not in the interest of the financial system to raise the exchange rate of the dollar because it will lead to a decrease in the Iraqi dinar price and a decrease in purchasing power and will lead to inflation,” noting that “the classes with limited income and those with salaries will be the first affected by this decision”. This was taken right out of an article by   Parliamentary Finance Committee member, Ahmed Al-Saffar, on Wednesday (May 20, 2020). I would trust and respect his comments much more than the corrupt parliament member comments (and others)  that are coming out that say just the opposite. So relax. This financial crisis could lead to Iraq raising the value of the dinar in the long run.

Dinar Investor – Jeff  …There’s really only 3 things in the news right now.  The first would be Kurdistan and Baghdad to resolve their differences.  The 2nd one would be the completing of the government – the last 7 remaining ministers and then the 3rd one is all the economic articles.  That’s it…so what they’re telling you here is the two items – Kurdistan trying to resolve their differences with Baghdad and the 2nd one completing the formation of government…they’re telling you what their delay is before they can launch their economy.  It doesn’t get any more cut and dry and simplified than that.  They’re telling you what the delay is.  They’re saying, ‘hey Kurdistan has to reach an agreement with Baghdad and Baghdad has to get the last 7 ministers in there.‘  They’re telling you what the delays are before they can launch the economy.  That’s why now they’re talking about the economy around those items.  That simple.  That’s what you’re waiting on…

Mountain Goat – Dinar Guru   So, we see in today’s news yet more arguments about whether to float the dinar or not. Floating the dinar is bad, but ONLY if floating is kept on the program rate and not reinstated for global trading. This is coming from the CBI not me, just so you know. So we see lots of arguments for pro and con on this subject matter but remember again they are talking about program rate only with the confines of the CBI and not on FOREX which is  international.  …Will they reinstate international and then float the currency like they need to do? …We know this has been the plan all along to float the IQD on FOREX. The IMF has already told us of the future plan to reinstate and put the IQD in a “basket of currencies”.   [post 1 of 2]

Mountain Goat – Dinar Guru   …We know for a FACT that if they had already accomplished this event back in 2013 or sooner…they might not be this financial mess they are in…reinstating their currency on FOREX is the cure all for Iraq’s economic problems…But having reinstated the IQD with a sound monetary policy would have helped to avoid these problems that they are now facing…They seem to be slowly leaning towards this decision… and  I believe that they have already come to the conclusion they must revalue and reinstate the currency and do it prior to the July salaries coming due…We have a really good opportunity to see the reinstatement sometime in June of this year not Jan 2021…What is left now is to wait for something from the CBI and I will be totally convinced they are moving ahead and actually plan to do it this time…      [post 2 of 2]

Delta – Dinar Guru   …great information from the Financial Minister.  In his tweet he’s talking about they’re tying to get Iraq back to the financial status internationally.  Guess what happened?  He just have [gave] an executive order and he ordered the Central Bank of Iraq with other financial entities in Iraq to implement and launch that ASAP so Iraq can regain their financial status internationally…the glory days...they have to activate whatever they needed to implement from the Prime Minister and the Office of Financial Ministry…this is just amazing.  This is just unbelievable…

MilitiaMan – Dinar Guru  What it looks like is there was a notice given on the 19th. Then, moving along from that, banks are closed and a holiday ensues for five days to mark Eid Al-Fitr a time of giving. The mask of Covd-19 is in play.. Nothing like a plan-demic to hide what is in plain site. Very well orchestrated on many fronts. The one front that will usher our win, is what we await on now. imo. No turning back once one jumps from the deck! That is where they are, in the air imo…lol.

Kaperoni – Dinar Guru  …Before Iraq in the CBI can transition to Article VIII they must submit a request to the IMF for approval considering they are not in compliance currently…Unlikely would it be approved...the IMF has a status for each country…they are in Article XIV…

MilitiaMan – Dinar Guru  Article:  “The Kurdistan government approves the Baghdad proposal to settle the financial situation”  We see the Kurds are in agreement with the new PM on the implementation of the FMLA of 2019..this is music to my ears. They agreed on the REER (Real Effective Exchange Rate) for the future budgets and will be in preparation for their fundamental implementation…No wonder Saudi Arabia is off and running… Word travels fast. This looks like a notification that was dated May 19th.. 1) DONE 2) DONE and 3) DONE...imo.

Pimpy – Dinar Guru  When Al-Kazemi got into office I was hoping he’d be whipping butt.  But I had no clue that this guy was going to accomplish what he’s accomplishing and he’s done it all in such a short period of time…   

MilitiaMan – Dinar Guru  Article: “Under royal directives, the Saudi ambassador returns to work in Baghdad”  Quote:  “Prime Minister Mustafa Al-Kadhemi and Minister of Finance Ali Abdel Amir Allawi, affirming the Kingdom’s concern for the unity of the Iraqi people, and the importance of cooperation with the new Iraqi government to achieve mutual interests and enhance ties Bilateral relationship between the two brotherly countries…”  Looks like more of the PM hitting the ground and running!! This is also huge and supportive Iraq has agreed to be compliant and international..imo.

MilitiaMan – Dinar Guru  We know the CBI printed 4 trillion dinar in April. They didn’t print large notes. They printed smaller increments of money. imo. We know they showed us they were destroying large amounts of perfectly good large notes. The new money is to replace the large with smalls…The education process for the new currency will come once the REER  (Real Effective Exchange Rate)  is exposed…They could show the new money and educate for re opening of the ISX well before they open…So, lets see what they do next. But, it sure looks like we are in a good place.. imo.  [post 2 of 2]

MilitiaMan – Dinar Guru   Article:  “Finance Minister: Agreement to activate the electrical connection between Iraq and Saudi Arabia”  …The move that supports they are Article 8 compliant in business..imo    They cut off Iran and Iraq’s electricity dealings yesterday…The energy is now coming from Saudi Arabia. That means to me they are international in regard to doing business. The implications of that are huge…We know the plan is to become a social market economy for Iraq. That requires internationalism. Doing so requires Iraq to be article 8 compliant…From the looks of the recent agreement with Saudi Arabia, they are showing that they are now compliant, ioo. The meetings with the Finance Minister, aka Deputiy Prime Minister, has me thinking they are or may have brought or now are bringing the REER (Real Effective Exchange Rate) to the neighboring countries…imo Times are seriously getting real, imo!  [post 1 of 2]

Pimpy – Dinar Guru  …when I say Iraq or Vietnam are a long term investment you’re misunderstanding what I’m saying so I want to clarify this.  I’m not talking about their currencies.  I think the currencies are gonna change really quick here.  Especially the Iraqi dinar.  As a matter of fact I can make a bold suggestion and that is, our time is this year 2020.   There’s no doubt that the Iraqi dinar rate will change in 2020.  I feel very confident about that…and then I say, ‘oh these two countries you should consider longer term.’  People are like oh my God pimpy is saying it’s going to be 5, 10, 15 years down the road for their currencies.  No. I’m not talking about the currencies…I’m considering Iraq and Vietnam as “long term” outside of their currencies.  As long term investment opportunities.  There’s just so much growth potential there…

MilitiaMan – Dinar Guru   I think everyone by now should know that with all we have studied to date, we knew that this was to come at the end…The REER should follow in very short order. (Real Effective Exchange Rate) One more thing. We know they have been on film showing the destruction of large notes and in mass quantities!!  That fact also supports the large amount of money spent printing currency and or minting coins, is the new issuance being reflected on the CBI site. WE watch for the REER.. Lets see what the days bring us… imo.  [What Is the Real Effective Exchange Rate – REER?  Investopedia: “The real effective exchange rate (REER) is the weighted average of a country’s currency in relation to an index or basket of other major currencies. The weights are determined by comparing the relative trade balance of a country’s currency against each country within the index.  This exchange rate is used to determine an individual country’s currency value relative to the other major currencies in the index.”]

Frank26 – Dinar Guru  …ARTICLE FROM THE PARLIAMENT HAS BEEN RELEASED TO AVOID ALL CONFUSION ESPECIALLY FOR THE CITIZENS.   Article:  “A proposal on the government table to face the parliamentary economic and financial crisis warns!”   Quotes:  “raising the dollar exchange rate to face the financial crisis and preserve the hard currency is one of the proposals and monetary measures that the state may take to avoid the liquidity crisis.“;   “the flotation does not constitute an increase in the value of the Iraqi dinar, but rather we will see an increase in the exchange rates of the dollar due to the lack of its acquisition in the global market, especially with the decline in global oil prices.“;   “the flotation is taken in light of the stable financial conditions of the state, as well as the diversification of the economy and its dependence on resources other than oil.”  THIS ARTICLE IS…CLEARLY STATING THAT THE IQD HAS TO GO UP IN VALUE THROUGH THEIR EXCHANGE RATE...NOTICE WHAT THEY SAY ABOUT THE FLOAT…

Mountain Goat – Dinar Guru   Article:  “EMERGENCY CELL TO BE FORMED TO REVIEW FINANCIAL REFORM TO MANAGE THE CURRENT FINANCIAL SITUATION AND FIND THE REMEDIES AND SOLUTIONS TO OVERCOME THE COUNTRY’S COMPLEX ECONOMIC CRISIS”  …there were 9 pillars of reform listed. One of which was and I quote – “Fourth, securing the amounts allocated to the reform decisions committed by the outgoing government to implement the demands of the demonstrators.” We know one of these demands is to eliminate the currency auctions. Back in 2019 the CBI said they are working on it and will get it done. They said this to satisfy this demand. This is still underway. At this time the CBI said they only needed a newly formed, stable government and the protesting to stop in order to complete it.

Pimpy – Dinar Guru  …I told you al-Kazemi is no joke.  This guy is already going for the rest of his ministry.  The rest of his cabinet to be voted on before…the big holiday which is coming up here real soon.  There is a lot of energy in the dinar community in hopes that the rate will change right on or before this holiday.  I would be really grateful for that…I’m liking this guy a whole lot.  Unlike the other people who drug their feet, man this guy’s like look this is it.  We’re doing this, we’re moving forward…looks like our boy Al-Kazemi is gonna get the rest of his cabinet members in there sometime this week or next week…

Mountain Goat – Dinar Guru   Article:  “GOVERNMENT OF PRIME MINISTER MUSTAFA AL-KAZEMI WILL GO TO PRINT A NEW LOCAL CURRENCY IN ORDER TO PAY THE SALARIES OF EMPLOYEES”   This printing of money is not good for us investors. It shows us they are not serious about completing the project to delete the zeros any time soon. First in order to do the project they will have to recollect all these larger notes all over again to bring the money supply back to levels acceptable to complete the project. We could be waiting a longer than expected timeframe for the reinstatement than we hoped. Let us pray they do  not do this printing of more currency.

MilitiaMan – Dinar Guru  …today…nothing but URGENCY and ACCELERATION, in respect to reforms… The report from the IBBC [International Bank of Business and Credit] is all about urgency and change! That includes monetary reforms at the Borders, etc... It includes the citizens demands as noted about too… They mean business and so does the report. …The pressure is on!! It may take 30 days for some things, but, imo they have no liquidity… Hence, the argument is sooner than later imo!

Angel1 – Dinar Guru …an ambassador in Iraq in the green zone tells us this past week that the lower denoms are in the banks.  We’ve known that.  But they said something brand new that we didn’t know…they are ready to disperse the lower denoms...here’s what’s interesting to me.  I don’t believe those that were printed in March are inside of the vaults right now.  I believe whatever is in the vaults now per our intel, per our source, is going to be distributed, is going to be released and guess what’s going to come up the rear back to the vaults?  What they have been printing…what I’m excited about is the only reason they’re going to print more because there’s about to be a distribution of what you already have…that’s what I’m excited about…I wasn’t just excited about them printing lower denoms.  Heck we’ve already known that.  But why are they printing more?  Because there is now need for more…they are pushing this bad boy out in phases! …it’s right in front of us…it’s time for distribution…

Pimpy – Dinar Guru  …I’m really really starting to like this Prime Minister al-Kazemi…The more I read about him the more I really like this guy…he is cracking down on corruption over there in Iraq…al-Kazemi is no joke whatsoever.  This guy is draining the Iraqi swamp…

MilitiaMan – Dinar Guru   …My take is they are at critical mass. The new PM has a very big job ahead of him, as noted by the IBBC [International Bank of Business and Credit]…letter he recieved. Can he get the atmosphere to be in full Article 8 compliance by raising the IQD to a new international rate  with the CBI, that is in sync with the 2019 Amended /2020 Budgets? We apparently will be seeing soon enough.. imo…