Dinar Observer Daily

MilitiaMan – Dinar Guru   Article:  “Head of the government follow-up cell: Iraq may resort to printing currency to secure employee salaries..The crisis will begin early next month”   Now we see additional data that tells us that an option is on the table to print money? More money to depreciate the value of the IQD? Lol!  I think not!! They are not going to use an option like that at this stage. The FACT is Alak told us point blank they were not going to devalue the IQD…So, now what we know is that Alak is not going to devalue the currency, they have no option now but to revalue the IQD and with a powerful international rate…As they will be using valuable reserves that will effect their future ability to do things. We know they already printed the NSCNs, they most likely minted coins too.  …we see the CBI setting date limits for Salaries when it is the job of the Financial Minister, we can see that a pattern has changed.. They are in a hurry…I am liken this and big time…

Delta – Dinar Guru   …I might be wrong but my opinion is that come April the Central Bank of Iraq is gonna make the move…remember if they are going to increase the value...they want to be sure they paid salaries before they do anything.  They are moving very fast to pay those salaries…I’ve never seen the CBI rushing the citizens…to [give] a due date, ‘You have by Tuesday to go get your money.’  It never happened before…I do believe after they pay all the salaries the Central Bank of Iraq has to move forward and raise the value…they have only one month.  Next month and then it’s a disaster for Iraq.  They have to come up ASAP…

Pimpy – Dinar Guru   …these people are in such an economical financial crunch they need to increase the rate.  They need the increase very soon before they can’t recoup.  They need to do this so they can start buying the things they need to get the country kick-started and rebuilding…99% of us feel like for some reason this coronavirus is just a distraction…

Dinar Investor – Jeff   …this is a brokerage firm  [Al Karmal]… they’re affiliated with the ISX stock trading.  They received a correspondent from the main government of Iraq…Quote “The trading session will be held on 12th April 2020 as the ISX announcement today“…the bottom sentence says the trading session will be held on April 12th…There’s another securities company that said the same thing.  It’s an official announcement from another securities company – Rabee Securities…Quote “…the next trading session will resume on April 12th“…this is two official email releases.  Two stock traders…one brokerage.  One securities…that’s huge.  Remember the U.S. did not stop trading stocks within the U.S.  Not one other country has stopped electronic trading due to coronavirus yet Iraq has…Iraq’s economy to reopen exactly on the same time frame that Donald Trump has.  Trump has Iraq’s economy timed with our economy…I have now confirmed to you with solid factual proof that all of the [Iraq’s] financial markets are going to be closed for a period of 4 weeks…the longest I’ve ever seen their ISX shut down in 11 years is no more than a week...this is huge confirming news...

Adam Montana – Dinar Guru   Article:  “Corona may revitalize the Iraqi economy .. Baghdad is on the cusp of exemptions from foreign debt payments”  Another financial article…regarding Iraq’s debt obligations – a few comments were made about how this could be a doorway to a GCR. While I don’t subscribe to a universal “reset” happening, there are some valid portions of the theory… and the current global financial situation is edging closer and closer to something big happening, which could easily incorporate a major increase in the Dinar.  All they would be doing is piggybacking on larger events, and this is a real possibility. When the world is at it’s craziest, and all focus is elsewhere…suddenly!

Dinar Investor – Jeff  …without a shadow of a doubt the [Iraqi] stock market is closed...In the top right corner of the website it said “latest update 3-16″…the last stock trade occurred on 3-16 and it has been shut down since 3-17… Pimpy was 100% incorrect.  The stock market is not open. It is shut down and it’s going to remain shut down until Saturday April Saturday April 11th.  Reopening on the 12th…

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! articles. Here 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    …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.

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.

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.

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…

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!

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!!!

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…

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…

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.

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.

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….

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…

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.

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…

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.

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?

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…

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 float. Really? 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 bank. It 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.

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…

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]

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]

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.