BGG ~ We buy (and sell) Dinar. If you would like to sell Dinar – please call me directly, leave me a voicemail, send a text (615-509-6256), send an e-mail or Facebook message me for a current quote.
Breitling – Dinar Guru …We’re in a very very good spot...Our window just got bigger. The value of the dinar – they need to take care of the budget – just got bigger. They just told us that it will be within 3 months that they’re going to completely redo this thing and have a plan to implement all this. We’ve learned a lot in the last month. Probably more than the entire time we’ve been watching. They’re putting the value on the table. They are telling you they need $66 per barrel and they’re telling you the oil prices are never going to get there for the next few years. They are telling you …they are going to put this stuff together and implement it within 3 months…they need to be able to afford to be in international markets, protect their reserves and have value added to their currency. That’s the only way...
Pimpy – Dinar Guru …I’m concerned about what’s going on around the world a little bit…there’s definitely something going on. I know the Iraqi dinar is part of it. I haven’t figured it out yet but there’s definitely something weird going on. There’s a lot of stress testing going on, in banks around the world. Stress testing is whenever they try to do a slight shock to the stock exchange or something that would cause a semi panic of people running to the bank and they want to make sure that the bank’s first of all are liquid enough so that if there was a mad rush to the bank that they would have enough money to give the people…we’re definitely in a unique position right now. How all this ties together I’m not quite sure but it definitely looks like there’s something big going on and Iraqi dinar believe it or not is a big part of it.
Breitling – Dinar Guru If the value of their currency is too high regionally…no body is going to want to do business with Iraq because the value of labor is too high. This is how Iraq is going to look at it. They are going to look at that. And they are also going to compare it with them doing business outside of Iraq and they might be able to pull it off. That’s how they’re looking at it. That’s why they haven’t made the decision yet. That’s why they’re taking their time. You guys are in panic mode because you’re waiting for your big payday. You don’t realize how important of a decision this is for Iraq… [Post 1 of 2]
Breitling – Dinar Guru …They’ve got to be able to balance…how do they be competitive in the region and also take advantage of the International markets? Because if they go too high – regionally they’re going to get cut off. If they go too low they’re not going to be able to pay for the local budget. [Post 2 of 2]
Mountain Goat – Dinar Guru …I know for a FACT that it is not the CBI so much that is holding back the currency reform portion of the reforms but the “powers to be” (PTB) who may feel Iraq is not yet ready and the Iranian influence and corruption is still not under the desired control. Iraq still also needs to make good on its promises to diversify and get off of oil as it’s sole source of revenue. There have been mandates handed down to Iraq to implement before they can or will get back their currency…
MilitiaMan – Dinar Guru Article: “Specialists warn of the repercussions of the devaluation of the dinar” They are beating this into peoples heads… They are not going to devalue the currency… End of story. They are going to go to a market economy. That requires Article 8 compliance…imo. Article 8 compliance is to raise the value of the IQD. imo.
Mountain Goat – Dinar Guru …There is now NO sign from the CBI they are doing any actions for a near future RV for the rest of this year. Sorry! For some time it was looking as though we might have a pretty good chance but that chance was killed this week. Now that the finance committee in conjunction with the CBI has re-issued bonds to cover the 3months beyond July – Sept for the salaries. So the pressure is off and we may have to wait a bit longer to see the reinstatement. Maybe January 2021 is coming back into view? Just saying….
Adam Montana – Dinar Guru The new PM Kazzamie is operating efficiently and effectively. We are going to hear some distractions and criticisms, but he is doing a great job in my opinion.
MilitiaMan – Dinar Guru …They have to raise the exchange rate of the dinar, not the dollar and this is where we are at…they’ve been telling us and telling us and telling us and we’re just waiting and waiting and waiting but the fact remains is now they’re at the precipice. They don’t have money to pay the salaries. They said they were going to do it. …the pressure is so hard on them to get this done it’s probably unbelievable…that’s why I’ve been focused to some degree on these next couple of days to see what they do. Typically they’re gonna have to have an excuse when they don’t pay these people…they need to raise the value of the exchange rate.
Dinar Investor – Jeff Article: “The Central Bank Announces Financial Assistance with 3-month salary insurance and talks about the date for the June wage payment” …this level of news right now is walking you into September …the rate change is married to a budget so if you follow the movement of the money you can piece this together…we need to see when that budget goes into effect because the budget and the rate change are married together… they’re showing you they’re tentatively walking you into September. I’m not giving you a date I’m just giving you an approximate generic information that they’re bringing fourth – trying to help you decode this and put the puzzle pieces together…
Kaperoni – Dinar Guru A lot of what has been occurring in the last few weeks has been addressed several times in the past by the World Bank and the IMF. So this is all good news that they are finally taking the steps necessary.
Pimpy – Dinar Guru …I have a feeling this is going to be a really big month for us. There’s a lot of things that are popping up that seem to be pointing to this month being a big month. What that means exactly? I’m not sure. There’s a lot of speculation…Al-Kazemi is supposed to come here to meet with Pompeo and the president. I told you one of the biggest announcements that we’re hoping to hear, and they do it out in the rose garden, is that Trump is encouraging the international community to restore the sovereignty of Iraq for them to be recognized and embraced buy the International community. And he announce the lifting of the restrictions on the currency and that allows it to start trading on the Forex. That’s what we’re watching for. That’s what we’re hoping for.
Delta – Dinar Guru …the exchange rate is one of the pillars or economic reform. You can not bring investors in, you cannot have liquidity, you can’t have any trust in your country if you don’t raise the value first. And all of us know that…everybody knows that the exchange rate is going to change no matter what and the Prime Minister did agree to that…
Breitling – Dinar Guru …they’re worried about regionally having a currency that’s valued too high. The pressure cooker they’re in is that they need to add value to their currency otherwise they’re going to go broke. If they add too much value to their currency they are going to go broke. That’s just the reality. But what people don’t understand is that other countries are in the same position…Iraq basically told everybody they want to get the value of their currency to $3.25. [Wait a minute, you just said if their currency is too high in that region they are going to get their asses handed to them.] That’s true. But if their currency was a global currency, then it wouldn’t matter would it… [Post 1 of 2]
Breitling – Dinar Guru …Take for example the United States and Mexico. How much is their peso worth. Look at Canada…If Iraq is international they could have a huge high price. But if they’re going to be local for right now, regional, then they can’t go that high…Let’s say their markets are going to be regional and they do add value to their currency it helps them get to international markets. Well if they’re in international markets and it becomes more and more dependent on international markets you’re going to see the value of the currency keep going up…If it’s regional…they’re never going to get past a buck… [Post 2 of 2]
Dinar Update – Reports are coming in from Dinar buyers that some large currency brokers are out of dinar stock. I made a pass through several dealer sites – some are showing they have dinar for sale, some are showing they’re out. Buyer Beware – It appears some dealers are completing sales without actually having the currency on hand (betting on their ability to buy some currency in the future, with your money). Wait times for orders have been as long as four weeks. Some of the delays are Corona related. If you want your dinar right away be sure to confirm ship times with the dealer.
BGG ~ This current scenario, IMHO, has purely to do with basic supply and demand principles. There has never been any reliable “pipeline supply” of Dinar from the Middle East to the U.S. This was always a silly thought. The Buy / Sell market here in the U.S. has always had some level of parity between buyers and sellers. Currently there is no such parity.
MilitiaMan – Dinar Guru Article: “Foreign Minister: The Kuwaiti Foreign Minister will visit Baghdad tomorrow” It sure looks like they are signalling inclusiveness and with an urgency! The Kurdistan high ranking Delegation is coming to town and may be arriving in conjunction with the Kuwait Foreign Minister. Lets think about that a moment. Pompeo is the USAs counter part to the Kuwait’s Foreign Minister, if I am not mistaken. The USA having had SFA meetings that were well received by all, may not be over just yet. There may be another one or so in the coming days too. I sense signings may be at hand to some very important items! [post 1 of 2]
MilitiaMan – Dinar Guru The IMF has had recent meetings with the” Crisis” Emergency Cell on currency reforms and the modalities or treatment if you will, to cure the current crisis. There will be follow up meetings too. Kinda like a doctor to a patient. Take this alternative we have before us (raise the rate, secondary markets, SDR, Bonds, border fees, taxes and tariffs, reduction in refinery costs, etc.) and let it all take a few days/weeks to start working in conjunction and we will set another appointment for to review your progress, as in WORLD BANK management agreement… lol…imo. [post 2 of 2]
Kaperoni – Dinar Guru If you want to see the Iraqi dinar go up in value which I assume you do…the only way it’s going to go up in value is when Iraq’s private sector economy grows. Only then will Iraq get off the peg and float the dinar allowing it to appreciate.
Pimpy – Dinar Guru Here’s a funny thing you guys might not know. There was an article written by Paul Ryan [Former Speaker of The House]. It was an opt-ed in which he thought it was important that the Iraqi people should probably change the rate to help their economy. Gee do you think Paul Ryan has Iraqi dinar?
RVAlready – Dinar Guru With Iraq in miserable economic shape, I think the RV will be sooner than later. I would think that October would be pretty disastrous for them.
Mike Cottrell – Dinar Guru I believe Trump will not let the RV go until after the election….I do not see any other way this could happen.
Pimpy – Dinar Guru …we are already done with round 1 [U.S. – Iraq – U.N meeting]. Round 2 happens in July [In Washington]. I know a lot of you out there going, ‘What does that mean? They kicking the can down the road?” We don’t know yet. All that matters in which you should be focusing on – we’re probably closer now that ever before…there is a lot going on in a very short period of time.
Mountain Goat – Dinar Guru Today’s dinar news is all about the ongoing saga of how will Iraq find the necessary funding to pay the June salaries. The pressure is enormous as simply put; they do not have the oil revenues sufficient to pay these salaries (about 4-5 billion US dollars) for June. We know the IMF will not lend them the money and the CBI will not use the reserves. So, over these last weeks we have seen many proposals presented to us. The CBI did end the currency auctions at the end of May and this we know as a FACT. They told us they also are going to aggressively implement the customs and tariffs law and go electronic collection system to do so. But we know this system requires Iraq to be on FOREX since the system uses FOREX in the calculation of the most current rate of foreign currency in order to find the rate and convert it. So how will they do this without being on FOREX? I don’t know you tell me…
MilitiaMan – Dinar Guru Article: “Loaded with different materials … Transport announces the reception of 11 ships within three days” They didn’t just send 11 ships from around the world with the knowledge that Taxes and Tariffs are adjusting by 07/01/2020 with out some sort of disclosure, assurances, insurance, exchange rate, etc.. The leaks (news) in the Hull of Iraq are showing there is change coming.. The new foundation is about to be set in stone for the people to see.. The NEW IRAQ is about to be Born… NSCNs will be that foundation… imo.
Pimpy – Dinar Guru they should have all their ducks in a row this month. The anticipation is that the rate will happen so that it can help them with the second half of this year. This is the rumors floating around inside the dinar community and to be quite honest that makes perfectly good sense…we know that in many cases when we’re dealing with Iraq what makes sense to us does not necessarily make sense – period… or that they do anything that makes sense.
Dinar News Flash The news is flooding in…Iraq’s new prime minister has done what no other prime minister in the last 10 years has been able to do. Iraq’s parliament voted and seated the last 7 ministers of PM Al-Kazemi’s government. If this is fact and it appears to be, this is a monumental accomplishment and fits with everything else Iraq’s leader has done in the last month…
MilitiaMan – Dinar Guru Article: “Member of Parliamentary Finance: The country’s financial situation is very critical and we are working to get out of the crisis” Another reiteration of what is going on. But, Al-Nassery just told us what he is doing and that is going into the social market economy. That includes the Secondary Markets…They are not going into the market economies of the world at a program rate. The theme is not wait and stagnate it is ACTIVATE!! They say in the current week to come…