Dinar Observer Daily

Chattels – Dinar Guru  Article quote:  “stabilized at the exchange rate of the US dollar against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1201 dinars per dollar, ie 120 thousand and 100 dinars per hundred dollars.”

Mountain Goat – Dinar Guru   It really looks like we are now on a full force to getting the reinstatement completed sometime in June. Really?  Could this really happen? With all the news we are now hearing a new timeline CBI target has been identified and it is showing the target by the end of June. Let’s all pray that this is our last timeline ever.

This is a personal opinion (highly speculative). There have been no such official “targets” identified by the CBI or the GOI.

Sandyf – Dinar Guru   [wonder if they even have filed for article 8 and just waiting approval.]  It has nothing to do with approval. For the last 40 years or so the IMF have been actively pushing countries to acceptthe obligations of Art 8.  As far as I am aware there are still about 17 countries under Article 14, Iraq being one of them.

Breitling – Dinar Guru   It is black and white.  The American economy vs the Middle East and Russia’s economy.  When the energy prices are high those countries do good.  When the energy prices are high in America the United States economy slows down.  Remember energy moves matter.  It’s always been like that.  The economy goes down when the oil prices are up. And when the oil prices go down our economy just goes through the roof.

BGG ~ We buy Dinar. If you have some Dinar you need to liquidate – please call me directly, leave me a message on voicemail, send a text (615-509-6256), an e-mail or FaceBook message me for a current “Buy-Back” quote.

www.TheDinarExchange.com

Frank26 – Dinar Guru   The Reinstatement is inevitable… Somewhere around the 30th…“All systems Go”.   There’s a different monetary policy?  Who says?  The Finanacial Management Law [FML].  There’s a new math?  Who says?  The FML.  There’s a new rate?  Who says?  The FML.  There is no delay. What is the Financial Management Law?  It’s for the change in the national monetary policy and to raise the value of the Iraqi Dinar against other foreign currencies in order to control the auctions that have been a source of corruption for many others especially Maliki and his sources in Iran…IMO.

Breitling – Dinar Guru   …I don’t see anything to worry about.  In the worst case scenario they could still add value to their currency because it’s so manipulated.  It’s almost a crime because…the people at the top are making money with the U.S. dollar.  The people at the bottom are using the Iraqi dinar.  Who has the power there?  So you understand the power structure in Iraq.  It’s that simple.  A lot of you would say, ‘Why would someone change that?  Why do we have their currency?’  Because they have no intent to keep it like that.  They’ve said it over and over again.  In fact the Financial Management Bill is proof of all that…what they need to do is build a permanent structure so they can have full blown trade.  The reason why the US is wealthy is because we’ve opened up all the trade routes on the planet…for Iraq to do that they need to add value to their currency.  That is their ultimate goal.  But it’s tough doing.  You just don’t get into it…I have complete confidence.

Breitling – Dinar Guru    …the worst case scenario…we attack Iran and it spills a little bit over into Iraq.  Iraq is the proxy between Iran and Saudi Arabia…The Iraqi dinar has been so manipulated and it’s so far down that they could still add value to it.  They could add 10 cents to it…20 cents to it and no one would blink.  It would be a huge positive thing for the economy.  It would be no threat at all…I don’t see an apocalyptic threat to the Iraqi dinar in this situation.  [Post 3 of 3]

Breitling – Dinar Guru   …I don’t see anything to worry about.  In the worst case scenario they could still add value to their currency because it’s so manipulated.  It’s almost a crime because…the people at the top are making money with the U.S. dollar.  The people at the bottom are using the Iraqi dinar.  Who has the power there?  So you understand the power structure in Iraq.  It’s that simple.  A lot of you would say, ‘Why would someone change that?  Why do we have their currency?’  Because they have no intent to keep it like that.  They’ve said it over and over again.  In fact the Financial Management Bill is proof of all that…what they need to do is build a permanent structure so they can have full blown trade.  The reason why the US is wealthy is because we’ve opened up all the trade routes on the planet…for Iraq to do that they need to add value to their currency.  That is their ultimate goal.  But it’s tough doing.  You just don’t get into it…I have complete confidence.

Breitling – Dinar Guru    …the worst case scenario…we attack Iran and it spills a little bit over into Iraq.  Iraq is the proxy between Iran and Saudi Arabia…The Iraqi dinar has been so manipulated and it’s so far down that they could still add value to it.  They could add 10 cents to it…20 cents to it and no one would blink.  It would be a huge positive thing for the economy.  It would be no threat at all…I don’t see an apocalyptic threat to the Iraqi dinar in this situation.  [Post 3 of 3]

Breitling – Dinar Guru   …It doesn’t match with the production.  So you have the production going up but the value of their currency going down?  The value of oil is based on the U.S. dollar…so obviously it’s manipulated.  If 90% of your country’s money that’s coming in from trade is from oil and everyone is killing it in the energy markets then that is a manipulation…if you’re attaching the value of the price per barrel to the dollar and supposedly the Iraqi dinar is pegged by the US dollar this tells you it’s manipulated… [Post 2 of 3]

Breitling – Dinar Guru  …Obviously there’s a lot of drama going on in the Gulf of Oman.  People are concerned…How is this going to effect our investment…?  The timing of the Iraqi dinar?  The economy in general?  …if the Price Per Barrel goes up then Iraq is not going to be as motivated to add value to their currency.  But the price keeps going down because of the United States.  They [Iraq] are going to be forced to [add value to the currency]…Let’s say the value of oil goes up…Iraq knows it’s not going to be able to do that forever.  So no matter what they are going to change the value of their currency.  They have to…If you look at the value of their currency it doesn’t match with the oil markets.  [Post 1 of 3]

Mountain Goat – Dinar Guru   The other BIG news from Iraq is all about finally Mahdi being forced to submit some candidates for his unfilled cabinet positions. We know two of these positions are critical to the reconstruction efforts and may even be a sever damper on being able to obtain funding from investors for the reconstruction efforts. So some of the candidate names have already been forwarded to parliament and let’s see what they do with them. Mahdi still has until the end of June to fill these positions or be subject to a “No Confidence” vote. These next couple weeks are going to be interesting.

Adam Montana – Dinar Guru   Well, we did it! We weathered another Ramadan, and Eid al fitr. I am going to state the obvious: Despite no RV announcement during the Big Holiday, this was a more eventful one than normal. All positive, too!  …Historically, many of the bigger milestones have happened around this time of year. Chapter 7 was lifted in late June, for example. A few others have also occurred right around now as well…I have reason to believe we are entering a unique week for the Iraqi dinar...

Mountain Goat – Dinar Guru   …The CBI already told us they will NEVER put the (program rate) (currency auctions) on a float while it is on the de-facto peg with the US dollar. So, the only other conclusion we can make is they intend to reinstate the dinar and put it back on a float as all currencies are when they are on FOREX...  …the…articles tell…us they intended to raise the value of the dinar and get it to compete with the international currencies by the end of the current legislative term?...  I can hardly keep from jumping up and down…lol…June is almost half over already. So we have about 2 more weeks of expectations and excitement.   [post 2 of 2]

Mountain Goat – Dinar Guru   I have some fantastic news for you about the reinstatement.  …I told everyone I was working on getting a legitimate new timeframe for the RV. ...So, now we have a new timeframe and it is very close at hand.   What do we know…:   We know that Mahdi has until the end of June to “complete” his cabinet. …it appears the end of June is the end of the current legislative term. Why is this important?  If all of this information is correct, we should be expecting something of a reinstatement and the completion of the “project to delete the zeros” by the end of June.   [post 1 of 2]

Sandyf – Dinar Guru    holiday inn is actually accepting other currencies for motel room payment.  This idea is incorrect and obviously causing some confusion. Online payments are invariably done by a payment processor and they determine currency requirement, not the company concerned…It should also be borne in mind that in order to make the payment you would need a card funded in the currency selected. If Iraqi banks issue cards in IQD it would be up to the processor if such cards were accepted, nothing to do with Article 8, although wider use of the currency is a move in the right direction.

Delta – Dinar Guru   Article:  “Deputy Prime Minister for Economic Affairs and Minister of Finance chairs the first meeting of the preparation of the State Budget Strategy 2020-2022”  Quote:  “On the other hand, the exchange rate policy and the monetary policy strategy of the Central Bank were discussed” MORE CONFIRMATION THAT THE COMING 2020 BUDGET WILL BE IN NEW RATE…

MilitiaMan – Dinar Guru   Article quote:  “This bank will settle the cards abroad by selling them dollars at a price. Aqh sell the currency, the dollar against the sale of citizens at the price of 1.200 dinars through purchases of cards.”  If I read this correctly they look as though they are telling the citizens and others they will be effectively 1:1.20 soon…IMO, they are trying to tell us they will be at 1.200 to the USD not 1,200. Then by applying the new international calculation to that and we are back to the glory days…imo…   [post 2 of 2]

MilitiaMan – Dinar Guru  …they are clearly doing as they told us they would and even on time or early. The CBI told us on the 10th they would have an intensive media campaign. They sure are from the looks of it. There are now out today about 11 articles that support they are doing what they said they were going to do, in that regard to intensive media campaign.  They…say that they are partnering up with banks, money exchanges, airports, hotels, etc… To get them up in running with the new Master and Visa Cards for external expenses to get paid.  They are doing the media blitz to make sure everyone knows that all there is left to do is let their new external exchange rate get applied to those cards. imo… That is where the CBI will need to be timely ahead of the Gazette, imo. That time clock imo is about to sound some alarms…  [post 1 of 2]

Mountain Goat – Dinar Guru    …in the news we see cooperation between Iran and Iraq. This is all good as long as Iran stays out of the internal affairs and politics of Iraq. Also we know that Iraq must become independent on gasoline production and electricity. There is long term plans underway for Iraq to provide both

BobTheTaxMan  …a lot of people have come up and said, ‘well I’ve been told the dinar will be treated as capital gains.’  In [IRS Code] 1256 you have to identify yourself as being a trader and you have to be actively trading.  Which means you have a period of time that you’ve identified that you’re going to hold it and you’re going to sell it.  We’re not doing that.  We’ve all bought dinar.  We’re hanging on to that dinar…And it’s not going to qualify for 1256 because we don’t have a contract date for when we’re going to exchange it.  Simply not going to happen.  1256 is great if you’re actually going to do the forex world…have a conversation with your tax professional… [NOTE:  BobTheTaxMan thinks it’s wise to claim the dinar exchange as ordinary income.  Speak to your tax and financial professional at the appropriate time.]

Mountain Goat – Dinar Guru   Article quote:  “A parliamentary source confirmed on Saturday that Prime Minister Adel Abdul Mahdi WILL SEND THE NAMES OF CANDIDATES FOR VACANT MINISTRIES TO THE HOUSE OF REPRESENTATIVES NEXT WEEK.” (which is this week)  The news channels in Iraq are mostly filled with news of completing the Mahdi government on time. This is going to come to a conclusion one way or the other. Mahdi was hoping that the political blocks could come to an agreement of candidates but this is now not the case.   So, Mahdi has the power to submit his own list of names and let parliament move forward with the vote to ratify them.

Chattels – Dinar Guru   Article quote:  “The House of Representatives is waiting frankly and revealed by Prime Minister Adel Abdul Mahdi on the completion of the cabinet cab and the end of the proxy.”   I do not believe that Maliki or Abadi had a completed cabinet during their governments. The administration by proxy has been a common thread.   Nothing new under the sun, but when a ministry fails and the Prime Minister heads it by proxy there is no one else to blame. Iraqi politicians are all about finding fault and a scapegoat when they should look no further than themselves collectively.

Chattels – Dinar Guru  Article quote:  “The political, economic, and social environment in the area has not changed, …”  The insecurity and instability caused by continuing armed internal conflicts in Iraq are compounded by political stagnation. I fear that we have a long way to go before there is any substantial appreciation in the value of the dinar.  I am invested, but not infatuated. Hopeful, but not optimistic. Bowed, but not beaten.

Kaperoni – Dinar Guru   [can anybody provide some insight as to what is going on with this investment? Why are they not moving forward?]  It’s Eid al-Fitr which is a holiday..so nothing is happening right now.

David M. Witty – Dinar Guru   Iraqi political sources say there are moves by some blocs to replace current PM Abdel-Mahdi with former PM Abadi. Some are irritated at Abdel-Mahdi’s slowness in implementing his planned program & inability to fill all cabinet positions.

Breitling – Dinar Guru   People are asking why has a floodgate opened in Iraq and all the articles coming that’s good news?  A lot of people are asking is it because they’re anticipating the oil prices…Something else has happened…Iraq has made a decision…Iraq has pivoted towards us [United States and the west] and it’s strictly financial and a numbers game and it’s the way it should be.

Larrykn – Dinar Guru  I always thought if the PM can’t get things moving they would replace him but yet he is still there…this is why I say we are sitting here for awhile.

Mountain Goat – Dinar Guru   Article:  “ADOPTION OF THE FINANCIAL MANAGEMENT LAW HAS BECOME A CONTROL TOOL ON THE PUBLIC BUDGET” Quote:  “the budget 2020 will be a control budget enhanced the final accounts from 2012 to 2018.”  WOW…can it get any clearer with telling us they plan to reinstate their currency by 2020 without telling us? Note the 2012 – 2018 talk of the 2020 budget being a “control budget enhanced for final accounts from 2012 to 2018. The question still is when? But we see progress as they are issuing the small category notes slowly.