Chattels – Dinar Guru […its almost a new yr. lets see what that brings us…] Always more optimistic in the first quarter of the new year.
Adam Montana – Dinar Guru I’m not sure if we can expect to see a 2018 RV, but 1st quarter 2019 looks extremely promising. Prove me wrong, Iraq…
Report on the “deep state” in Iraq: an introduction to the exclusion of al-Maliki from the political scene
“Sadr is working to eliminate the influence of the leader of the rule of law”
Baghdad – Nas: An Iraqi newspaper said on Friday that “the Shiite cleric Moqtada al-Sadr,” leading “an organized campaign to liquidate the influence of the leader of a coalition of law Nuri al-Maliki, who served as prime minister two consecutive cycles between 2006 and 2014, in the facilities of the state,” referring to the prevalence of the term ” Deep state “in Iraqi political circles.
The newspaper “Al Arab” reported today (14 December 2018), “Nas”, in which he said that Sadr was keen on “Maliki’s coalition does not get any ministry in the government of Prime Minister Adel Abdul-Mahdi so far, despite achieving 25 parliamentary seats During the general elections last May. ”
“The leader of the Sadrist movement is in a position to dismantle the influence of his arch-rival Maliki, especially as the Dawa Party is no longer in the forefront, and has lost its influence on the government because of the conflict between its wings; the first represented by Maliki, and the second led by former Prime Minister Haidar Abadi. ”
The newspaper says that “the political team of the Sadr,” succeeded on Wednesday, “to overthrow Maliki’s governor of Baghdad from office, and the installation of a governor loyal to the Sadrists. Sadr is also working to deprive the Maliki coalition of getting the post of governor of Basra, Iraq’s economic capital, where the conflict is raging. ”
“Sadr told his ally in the reform coalition, Ammar al-Hakim, that he is ready to support any candidate he proposes for the post of governor of Basra, noting that” Sadr agreed with Hakim to prevent Maliki’s coalition to reach the post of governor in Baghdad and Basra. ” “The reform coalition can now provide the necessary majority in the Basra provincial council to pass a candidate for Hakim to the post of governor,” she said.
Maliki, who stepped down as prime minister more than four years ago, remains strong in some Iraqi state institutions, the paper said.
According to the newspaper, Maliki, appointed during his mandate between 2006 and 2014, “thousands of employees loyal to him in the high and middle grades in various ministries and institutions and government departments,” and says that the term “deep state”, common in the political circles, “in reference to members of the Dawa Party Pro-Maliki, who control the pillars of the government and its vital joints, even after stepping down from office. ”
The newspaper says that Sadr is “pressing” Ali Abdul Mahdi to “liquidate this influence in one of his most prominent demands in the formation of the government,” adding that leaders of the reform alliance, which is sponsored by Sadr, warn that “the deep state loyal to Maliki, can thwart the government of Abdul Mahdi as I tried with the government of Abbadi and succeeded in some joints. ”
The newspaper quoted observers that they do not rule out “that this campaign to liquidate the influence of al-Maliki is the introduction of political exclusion and may be referred to the judiciary.”
Mountain Goat – Dinar Guru As far as I know I am still hearing good news on the reinstatement process and it is still on target for LATE Dec or EARLY Jan period. I know there are lots of rumors now flying around as usual about some window of opportunity for an RV happening this entire week. This is simply NOT true. So in this regards, I had a recent conversation with my CBI representative and the following is what I was told in response to my questions. Is there a plan now to RV the currency this week sometime? NO…The dinar is not planned for a revaluation. The dinar must first go through a “reinstatement” process. This is a series of approvals but we believe we are close… (I have been telling everyone this. Any significant change in value that we want comes from the “float” on the currency once it is reinstated. This is NOT a revaluation but a market drive on the rate due to speculation. It will then settle down to what the IMF calls its “nominal effective rate”)
BGG ~ We buy Dinar. If you would like to sell Dinar – Please call me directly, leave me a message on voicemail, send a text (615-509-6256), an e-mail or FaceBook message me. These all work.
Bloodloch – Dinar Guru Breitling is perfectly hinting at what I believe (opinion) to be the only way they can make this work while maintaining and even moderately enhancing purchasing power for the Iraqi citizens, making their money worth more as promised. Nice. Price-freezing may be needed for a bit, but that’s okay until the dust settles. Now that’s in-country, folks, which must be addressed before anything international is considered.
Mountain Goat – Dinar Guru …the USA is going to have a real impact and is teaming up with Iraq. This by the way is also very good for our investment… Do you think the USA is going to invest billions if they can’t get their profits out of Iraq? And how about transferring funds in and out of Iraq for other purposes in the process? Yes, Iraq will need to have an international tradable currency. I luv it…!! I am excited. [post 3 of 3]
Mountain Goat – Dinar Guru …it has been months now already in getting these last remaining 8 ministers in place, the minister of the interior now being the most critical. Why is this one particular minister so critical? …This ministry will be the disbursing agent for the Iraqi govt for the funding for the projects funded by the donor countries for this 5 year reconstruction plan. …the US has stepped up and agreed to assist in providing a sound mechanism for disbursing the projects funded by the donor countries acting much like the Interior minister but officially (of course) only in an advisory capacity… [post 2 of 3]
Mountain Goat – Dinar Guru …we see a sudden shift in the news media from Iraq to reporting now mainly on the RECONSTRUCTION EFFORTS being of the main topics. Why? The reason why is because this is the main efforts now by the GOI. …We definitely, more importantly, see a very sudden shift in the US strategy and willingness for participation in this reconstruction effort. …We see much more support and willingness now to assist the Iraqi state. We also know too that the timing is now right. With the setback caused by the ISIS war and the election basically over, Iraq is now ready to go on like a runner at the starting gate, they are ready to take off. [post 1 of 3]
Breitling – Dinar Guru There has been countries that have taken zeros off their currency and then the currency gains value later on down the road. So let’s say they do do a LOP on the currency you and I have. That doesn’t take it out of play to revalue. Worse case scenario let’s say it did LOP it will still gain value so it’s never been a threat to me at all. If you look at the definition of these countries on how they lopped and what their economy was at and what they were trying to do was completely different than Iraq. Remember the Iraqi dinar is not at a real market rate. It’s completely manipulated. They can do anything they want with it but their intent from the CBI is to add value to it… [Post 2 of 2]
Breitling – Dinar Guru Questions: “A LOP. What the heck does that mean and why we don’t see it as being a real possibility? By definition a lop is taking the zeros off the notes and pretending they’re not there and using the same notes. It’s funny that someone says it’s going to be a lop and at the same time talks about other notes being printed…well if they’re going to lop and pretend there are three zeros missing then they don’t need to print more currency do they. So it doesn’t fit…here’s the thing… [Post 1 of 2]
MilitiaMan – Dinar Guru Articles from 2017: “Iraqi Banks Are Looking With The US Treasury To Open Relations With Foreign Banks” and “The largest US banks… Praise the performance of Iraqi banks” The 2017 article[s] showing who was in Iraq, when they were there and what they were promoting to do. Fast forward to yesterday with the same entities as the UST, IMF, WB and Arab Union of Banks in country…Top it off with Silliman [United States Ambassador to Iraq] in talks with Iraq to develop trade exchange and…have 50 major investment companies in country now.
Breitling – Dinar Guru Question: “How do you handle people when they send you a disagreeing email?” First of all the way people approach some of the stuff I say it’s like an attack. At the same time they want to debate…I don’t mind doing that. I don’t mind telling people what I believe. But I never go after what people “think”. So I never respond to what they “think”. The only thing I can do is tell people what I know and be able to connect the dots that way. I don’t want people to take this wrong at all but I’m not trying to convince anybody of anything…all I’m talking about is how I invest in this and why I believe it. And that’s it.
Mountain Goat – Dinar Guru Rumor… : The IQD is international since the CBI and other exchange sites have changing the representation of the IQD rate now with five decimal places. This change may very well be in preparation for the future reinstatement back to the global markets on the currency exchanges, since they operate with this level of accuracy. So this is a good sign but…It does not yet mean the IQD is already international.
Doc.K – Dinar Guru Article “Washington announces buying 17% of Iraqi oil exports” [Is this 17% significant?] Yes I believe so… When I read that…I assumed…that the 17% (that the USA is buying) of Iraq’s oil export revenue…is most likely going straight to the Kurds to shut them up. I say the HCL is DONE at this point. Since the USA is NOW an exporter of oil, why would we buy from them?
Mountain Goat – Dinar Guru Rumor…: The IQD is now international. Folks I will tell you one more time that the IQD is NOT yet international and if it was it would have to be “reinstated” first and if it was reinstated we would all be at the banks already…It is that simple…if it was international already thus “reinstated” it would have to be back on the global trading platforms, we would not be waiting so long for the rate to rise since the traders, through demand, would bring the rate up already by now…The CBI itself has told me and still tells me they are waiting to “reinstate” the IQD.
Delta – Dinar Guru [via Clare] the lifting of the 3 zeros, looks on target for the end of the year!
Bloodloch – Dinar Guru …the CBI absolutely CAN launch the VLD (very low denominations) without any further preparation other than printing them and explaining to the Iraqi citizens about their characteristics. No long and slow climb needed, since purchasing power should remain a constant, or even enticingly favorable to Iraqis in their daily lives. The underlying support for turning 44 trillion into 44 billion is there, and there may even be a case made for fractional reserve gold-backing mechanisms should they decide that to be one of the new currency characteristics. And while there have been some rumors of new notes being printed already, I’ve yet to see any actual artwork for the same. That doesn’t mean they don’t have them hidden away somewhere. Just that I haven’t seen them.
MilitiaMan – Dinar Guru Article: “Center: Islamic banking in Iraq is in line with international standards” This is telling me they have tapped into one of the largest markets in the world. Not a laughing matter. It is actually very very bullish for our investment. They are recognized now for having been caught up to and in line with international standards…Well done!
Mountain Goat – Dinar Guru But we can see that they have surely moved already to the next level and important step. For years and years they struggled just to get the banking reforms in place. Not they have the ATMs running, electronic payrolls, electronic POS, credit cards, and emphasis on just petty cash and not wads of cash in pockets the day on and after payday. We see the banks are now liquid and loans are being given based on “credit rating” criteria. So this economy is slowly being converted over to the global banking systems. So much progress has been made towards the “project to delete the zeros”. [post 2 of 2]
Mountain Goat – Dinar Guru The CBI has told me many times that they can not just launch these very low. lower denominations like the new polymer 5,10,25,50 100 and coins until the economy is suited for them. So how do they get the economy suited for them? They have a plan. First they must slowly make the 250, 500 and 1000 in demand, use electronic banking for larger purchases, then as the economy grows begin to launch these other notes. I would be looking for the 50 and the 100 notes next. At some point they will reinstate the dinar but we don’t know just at what point of equilibrium it will be. To do this means an educational process of what these newer polymer notes look like and how to use them. [post 1 of 2]
Breitling – Dinar Guru …We are kicking butt and taking names in Iraq. Don’t get too stuck on $55 [price per barrel] that it has to be there. I say you change the value of the currency before that but that’s just me…If it goes below…what they need for price per barrel for the country to function…they’re definitely going to need to add value to their currency to be able to make up for that…This is the language coming out of the committees…they are looking at being able to do business with the west. And they’re looking at sidetracking any policy that OPEC gets together and we’ll see what they do. No body knows what they’ll do. This is the language. The other thing is ok, they’re in the…western markets, ‘why don’t we start adding value to our currency so we can get that much more into our markets.’ Do you see what I’m saying? That’s what they’re talking about. That’s the language that they’re using. How they’ll do it? When they’ll do it? [He doesn’t know either] But everything is in place exactly what we’ve been talking about. We’re watching it like we’re supposed to and that’s all we can do. I’m very very happy about what’s going on…
Breitling – Dinar Guru …Understanding what Iraq needs to do. Understanding where Iraq’s currency is at and looking at the historical numbers on where they lost it’s value…how they keep their value down. What advantages they have keeping the value down. What advantages do they have…adding value to it. There’s nothing more than that…we’re speculating based on those principles. And that’s how people do it. A lot of the people that were involved in helping that country [Iraq] set up their currency are officials in the United States. I know these people. Not all of them, some of them. They all have dinar…
David M. Witty – Dinar Guru Iraqi Parliament excepted to vote tomorrow on remaining unfilled cabinet positions.
Breitling – Dinar Guru Article: “Iraq, Kuwait and Qatar are the only major OPEC producers able to balance their budget. According to current prices of 58 dollars per barrel Iraq, Kuwait and Qatar are the only major producers who can balance their budget…Kuwait needs $48 to reach break even point. While Qatar can balance it’s budget by a barrel of oil of about $47…according to IMF data Iraq requires $55 per barrel.” So there we have it…the budget that I had and the numbers I was looking at was about $58 to $60. So I don’t know where these numbers come from but let’s assume these guys are right they’re saying the data came from the IMF. “Iraq requires $55 per barrel to achieve a break. Saudi Arabia needs $88.” We know Saudi Arabi doesn’t need $88 anymore because they got opened up to U.S. markets. So the UAE needs $71. Amman [Jordan] needs $77. Iran needs $111…and Libya needs $114. So that’s what we’re looking at, $55 per barrel. Remember it’s long-term…We’re trying to shut out Iran. We’re trying to offer a way out to Iraq that makes them a partner with us. And they’re probably going to take it because they’re looking at what’s happening with Saudi Arabia.
Mountain Goat – Dinar Guru Article: “THE DELAY IN THE FORMATION OF THE GOVERNMENT IN BAGHDAD HAS HINDERED ACCESS TO LOAN FUNDS AND GRANTS” so because it is taking so long to form this new govt, it is now beginning to overflow into the financial system of Iraq too. Can you see why they need to choose an honest minister of interior? So it not all about the dinar RV that is holding up the funding from investors but rather the elections.
Delta – Dinar Guru “Iraq new 500-dinar note (B359a) confirmed” “Iraq new 250-dinar note (B358a) confirmed” THE 1000 NOTE WAS OUT LAST MONTH….BUT 250 500 JUST COMING OUT NOW FOR A REASON!!!
Mountain Goat – Dinar Guru So Thursday came and went and still no vote on the remaining two last ministers…the minister of interior and defense… But negotiations are now underway. …President Barham Saleh confirmed the completion of the government formation in accordance with the constitution. We know that Iraq had until Dec 4th to meet the constitutional deadline to form the government. But what about the other 2 ministers for Mahdi’s cabinet? So this news from Saleh is not entirely accurate. But technically they can say it is since Mahdi just uses the “proxy” excuse and assumes the interior and defense ministers himself.
MilitiaMan – Dinar Guru “Live Iraqi Dinar (IQD) Exchange Rates…USD IQD 1190.00027 Dollars to Iraqi Dinar” More progress and or fine tuning the line up. 5 digitis then 6? We shall see. What I would like to see is some small polymer notes and some fils… IMO to go along side those digits right of the decimal and a nice healthy number the the left.
MilitiaMan – Dinar Guru Reporting or pairing is now in line for the list of currencies. Sort of additional education that is completed, imo. Those that will be needing to know can see the 4 digits to the right of the decimal. Place the international calculation in and easy math. imo One more indicator the process is underway...