Dinar Observer Daily

Dinar Investor – Jeff  …They probably released the most important piece of news today that we’ve seen this entire year…Article:   “Urgent Parliament holds a session next Saturday, completes electoral districts and reads the law on financing the fiscal deficit” …the borrowing law is needed…they’ve told us factually in the news that the large deficit within the budget is the reforms…they’re saying on Saturday they’re going to start the first reading of the fiscal deficit…this is probably the most important news that you’ve ever seen this entire year…This is huge.

MilitiaMan – Dinar Guru   Article:  “A member of Parliament Finance sets an expected date for the October salary distribution”  Quote:   “He emphasized that the government should proceed with its reforms, noting that the Minister of Finance said that the White Paper will be implemented as of January 1, 2021.”   …Reforms are a part of the White Papers. What the White papers are yet to have exposed to the masses, is first and prior to any implementation of the White papers, is a rate at which the reforms will be allocated in and to! Yep, prior to the end of year salaries that are yet to be determined Or have yet to be paid is a rate for the last final 4 months of the year…

Petra – Dinar Guru  Question “Do you think that the reinstatement of the Iraq dinar is about to work?” Is that a rhetorical question?  Yes Absolutely it is.  That’s one of the reasons why I’ve been so quiet because I’m just waiting for them to make their move.

Mountain Goat – Dinar Guru  We know that in order to do this FLOAT they will NOT use the program rate and the currency auctions must be stopped in order to “reinstate” the dinar. They also…talk about “increasing the GLOBAL DEMAND” which we all should know by now means to get rid of the auctions and get it back on FOREX and use the dinar for trade once again.  But as usual some economist also do not agree with Dr. Shabibi and the CBI in wanting to do this FLOAT…So this only confirms to us again that they are serious about the FLOAT. We know the process that is involved and it means first accomplishing the “project to delete the zeros” and so articles also talk about doing this now too along with the thinking of the FLOAT. Folks this is all “WOW!” and fantastic news for us…

Adam Montana – Dinar Guru    Red herrings…False flags… Chicken littles, running around yelling about the sky falling. You know what I’m seeing?  The home stretch. …we are approaching the most critical and crucial time in history for the Iraqi Dinar.  …This recent string of “concerning news” is the best thing I’ve seen in a long time!   Article:  “Collapse of the dinar is possible”  This is a prime example of what we expect to see immediately before the RV.  They want as much dinar sold back to them as possible.  I’m not suggesting anyone “buy on bad news” – but I certainly won’t be bailing right now!  This is the make or break time for Iraq – for better, or worse, we should have closure soon.  I think we are headed in a great direction.  Go Iraq…Go Dinar…GO RVVV!

Dinar Investor – Jeff  …the citizens started protesting last year on October 25th.  The citizens are saying they’re going to bring it back and do it again…the citizens are only giving the government until October 25th of this year to have the reforms done.   This is looming in the background…

Pimpy – Dinar Guru  …there is an article that I think is a super huge big deal…because it’s gonna make a huge difference on what’s going on in the Middle East and that includes obviously Iraq…  Article:   “A Saudi Prince Declares Independence From Old Obligations” …this news here is huge…nobody wants the status quo anymore and this is important for what we want to accomplish over in Iraq…you’re gonna see the middle easy really really have an economic boom…I’m anticipating one more peace agreement probably coming out this week if not the following week.  I think you’re gonna see Iraq along with Jordan come on board…This is great for a short term and long term investment into Iraq. The more stable that whole entire region becomes the easier it is to attract outside investors in who can help your economy boom…this is big news.

Breitling – Dinar Guru  …A lot of people keep asking me ‘Why do you have so much confidence in the Iraqi dinar?’  1.  Iraq has the U.S. dollar to back it up.  That’s the bedrock of Iraq.  2.  They can get loans that help them get more dollars.  They’re selling oil, not only that, they have resources where they can get loans and they get it in the U.S. dollar…I can’t wait.  It’s coming.  I promise you…have a plan when it revalues…

Petra – Dinar Guru  …we’ve got Mnuchin in the Middle East…At the very same time we’ve got Kazemi in the European theater.  Both are doing business.  They’re not there for a tea party.  They’re both there to do business.  And that is going to position Iraq into a great opportunity of being the central country for business and trade in the Middle East…yes they are Article 8 but they need to do one more step to be formal and that would be to announce their new rate…

Pimpy – Dinar Guru   …I cannot tell you why there is so much movement between governments that involve the purchasing of Iraqi dinar.  We don’t know why but what I can tell you is when I tell you that governments are buying Iraqi dinar they are buy BUYING Iraqi dinar! …There’s a lot of countries that are buying it for some reason.  There’s rumors that it’s going to be the “poor man’s” reserve dollar… there’s no real “where are we?” It’s kind of really up in the air.  But IMO it can’t stay this low in value.  It’s impossible.  It just can’t function this way.

Mountain Goat – Dinar Guru   Ok so the status of the reinstatement has not changed. We are still waiting for articles to come out to verify earlier news that they are now re-educating the citizens in the newer denominations and coins. It is hard to trust sources even in Iraq as they are lying to us now. So we must verify and double check. Let’s all be patient and see how this plays out.  It is mid-October and so we have to see something soon.

Pimpy – Dinar Guru  …I want to show you guys something because it’s very important because even in Iraq they’re talking about it now…there is a ton of concern about who wins our election… Article:  “In Iraq…3 files await the outcome of the U.S. Elections”  …Biden is going to continue Obama’s policies…when is the last time we saw a terrorist attack in the United States or even anywhere around the world? How many times has that happened under Trump?  Let that sink in for a second…I just wanted to share this news because there is concern.  There’s a lot of people that really do want Trump to win.  They do not want all the terrorist attacks to start up again all around the world…

Kaperoni – Dinar Guru   Shabibi maintained IMF compliance (2% stability) from late 2011 throughout 2012 prior to announcing his intentions. Currently, under the new governor the spread is now close to 5%.  Meeting exchange rate stability is a prerequisite to acceptance into IMF Article VIII. As we have stated before, once in compliance (2% or less) they must maintain it for at least 90 days. Ali al-Alaq maintained stability and the 2% compliance as well for 16 to 18 months and never made the move to Article VIII. Which I assume is part of the reason why he was replaced recently.

StephenMac63 – Dinar Guru   If they RI at 1 to 1…the iqd is already in use inside of the country, what they are looking for is a better value than 1190 it’s sitting at now.  CBI said the value will be 1 QD will equal 1 USD. That’s for the inside of the country.  The Reinstatement…thats for Iraq to have bragging rights to the world. This will be seen on Forex, CBI website, and at your local bank.  If Iraq was reintroduced to the world at a rate of 1 USD per 1 IQD, what would happen? Yes, many of the Dinarians will jump off the train and head-on with their lives. CBI is expecting that in any case. But more importantly, there were several laws that were put into place…and this allowed them to be International…of which has more value than being under sanctions, therefore, it’s highly probable that we won’t ever see 1 to 1. Iraq will always see, in-country, that 1 USD is 1 IQD. But it’s the value that counts.  [post 1 of 3]

StephenMac63 – Dinar Guru   Once it’s International and if it came out at 1 to 1, Forex would get a hold of this, and the currency market would be in a flurry. The only reason Forex would get a hold of it is because it would be international. With that labeling comes Laws, that offers protection to both Iraq and to International investors. As an International Investor, you would want International protection… and this is offered with the laws. What kind of International Investor would purchase large amounts of IQD once it’s International?  Hedge Fund Firms…if they see that the IQD is at 1 USD and comes with legal protection, you can bet they would try and buy every single IQD possible because once it hit $4 per IQD (speculative), they would have made 3 dollars profit on a 1 dollar investment.  [post 2 of 3]

StephenMac63 – Dinar Guru  It is, for this reason, I do not see 1 IQD be 1 USD on Forex. I expect more. Yes, it will fluctuate at some point but everyone has to decide how long they want to be in it for. Liberal Hedge Fund firms will take a chance on getting involved with something speculative in hopes of striking it rich. Conservative firms will generally stick with a tried and true process, but they don’t make as much, per se.  My guess, with the number of people that hold the IQD at this moment, 80+/- percent will exchange at a dollar (if it’s even available at that upon entering the International arena)…and it wont take two weeks, probably more like 1 week. OK, more like 4 days max. The other 20 percent will probably exchange a note, set themselves up, pay off bills and start their plan while they wait and watch…just a guess…Imo, of course.   [post 3 of 3]

MilitiaMan – Dinar Guru   Article:  “The government intends to apply income tax to salaries and allowances, starting from the current month”  …there are many things showing up that equate to more pressure. This would be one of them…Putting taxes on them without Purchasing Power? That will not fly…imo!

Adam Montana – Dinar Guru   …Parliament is in session, although with the exception of this mention of “White Papers” it would appear that nothing spectacular is happening. I’m not reading anything into the “White Papers”…They aren’t going to announce “hi we plan to raise the rate next week lolz” – that’s just not the way this works. They would lose the chance to capitalize on the RV, and they simply aren’t going to do that.  So, what IS encouraging?… [post 1 of 2]

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Adam Montana – Dinar Guru   Article:  “There is no alternative for Kurdistan but an agreement with Baghdad”   – and that is 100% truth. This boils all the way into the HCL (Hydro Carbon Law) which is a necessary component for the RV.  One of the most common questions on the HCL is whether or not it needs/must be done before the RV. The answer is…it must happen really really close to the same time. Either immediately (minutes/hours, not days or weeks) before, during, or after. Minutes or hours…not days or weeks. That is key.  The HCL is, in layman’s terms, a profit sharing agreement between the Kurds and Baghdad – two major portions of Iraq.  Without a profit sharing agreement, they won’t raise the value.  …Go HCL – Go Dinar – GO RRRVVV!!!
[post 2 of 2]

Dinar Investor – Jeff  …the reforms made it to parliament yesterday.  But they still have not told you when they’re gonna start the approval.  And now Article 140 again.  All of these are post rate change.  They cannot start the approval process until the rate has changed…everything is waiting on the rate change…getting better by the day…

Mountain Goat – Dinar Guru   Article:  “PARLIAMENTARY FINANCE EXCLUDES RAISING THE EXCHANGE RATE OF THE DOLLAR IN ORDER TO COMPENSATE FOR OIL LOSSES”  …so this article is telling us the CBI is NOT going to devalue the dinar as raising the value of the dollar against the dinar would do this. This is good news. But now do the revalue the dinar then against the dollar?  …I have told you this many times already that there will NOT be a revaluation of the dinar of any sort in Iraq . Instead they will only transition the dinar to the lower denominations initially keeping the exact same value only having dropped the zeros from the currency. So, a 25,000 dinar note will become the new 25 dinar note. A 25,000 dinar note today is worth about 25 USD on the de facto peg. Thus,  the new 25 dinar note would be worth 25 USD but this is no longer on the de facto peg and that is where people get confused. But this is in Iraq only.  [post 1 of 2]

Mountain Goat – Dinar Guru   Since in the process the IMF plans to re-peg the dinar to a basket of currencies. In doing this they will reinstate the dinar and put it on a float within the basket. They have to do this. They have no choice if they are to carry out the process to completion once they begin it.  At this time a new rate will be assigned according to the basket of currencies.  If anyone travels outside of Iraq and needs US, they will exchange 1 dinar using the new rate of the basket for USD. Iraq plans to continue to use dinar inside Iraq not US dollar. So, inside Iraq if the value of the dinar is higher and buys more than why would you want to use the dollar? But the dollar is universal and demand is higher outside of Iraq . So, they must watch for inflation upon this transition period first.  [post 2 of 2]

Pimpy – Dinar Guru   …the reform papers have been submitted for review.  Not implementation.  They’re telling you they need to review it and then prepare a presentation to give to parliament…so now they have the paperwork.  They need to review it before they present it to parliament. I have a strange feeling that this presentation might not happen until after the elections.  That has nothing to do with whether or not they’re going to do anything about the exchange rate…if they wanted to for whatever reason they can change the exchange rate without the white papers or reform papers being implemented …their number 1 goal right now is to focus on early elections…

Dinar Investor – Jeff   …Article:   “In details … Al-Kazemi’s white paper reaches the Iraqi Parliament”  Quote:   “a parliamentary source said that the government reform paper had reached the Iraqi parliament for a vote.”  …the odds are parliament will not be allowed to start the approval process of the reforms until Sunday the 18th at the earliest.  Watch their patterns…the reforms you know for a fact are married to the rate change. 

MilitiaMan – Dinar Guru   We see the White Papers are today issued accordingly. We wait and see the details within them. I’ll bet the world is watching…imo They know from all that Iraq has spoken about of late and in DC… Game on!   imo.

Adam Montana – Dinar Guru   [It’s easier to counterfeit US currency which means that Iraq put in a lot of effort to protect a currency that isn’t worth much at the moment…but hopefully will be soon!…]   They put a lot of effort, time, and money into protecting a currency that isn’t worth much… why would they do that?  Answer: Because the current value is not permanent.

MilitiaMan – Dinar Guru  Article:  “Parliamentary Finance expects a delay in disbursing salaries and warns against “implicating Iraq” with borrowings”  Clearly they didn’t get that 15 trillion Dinar loan they told us about. They are telling us there will be delays for a few days. Can’t imagine why right? lol   Kahdimi is in Kurd town through tomorrow. He is talking about major issues and from the sounds of it the most important have been hammered out and the minor issues are out to committees for follow up. Take note of the most important ones and then think about the next 2020 Budget at stake. They cannot borrow at a program rate.. But, they can go to the secondary market once they go to the IMF,s Article 8 compliance to 100%. imo…Article supports that there is to be a special meeting on the 2020 Budget early or at the start of next week. Well that is Sunday…They say in the above they may have delays for a few days…fits with the approval expected at the extraordinary meeting to come shortly… I think things are very hopeful. Lets see what happens…Imo…All good.

Mountain Goat – Dinar Guru   …Security and stability are at the forefront of investment factors, as capital is looking for a secure and stable environment, a sophisticated banking system and a law that encourages investment away from blackmail, bureaucracy, red tape and corruption.  Can Iraq do it? Many ask where is the RV. This is where the RV is going to come from. Read today’s news and ask yourself if Iraq is not moving aggressively in the right direction. The key is the word NOW versus as just talk as we have heard for almost a decade. Yes, they are NOW moving in the right direction as corruption is at a downturn and Iran is being moved out of the country with a roundup of the militias. Folks, the news could not get any better. It gets better and better each week.

Pimpy – Dinar Guru   Article “Parliamentary Finance:  The government’s economic reform paper will be presented at the end of this September”  ...those reform papers will be there by the end of this month.  What does that mean?  That means we really just gotta relax, take a deep breath and realize that we’re already on the 10th day of this month.  What are we about 3 weeks away from the end of the month?  We will know a whole lot more by the end of the month…we are anticipating some very very interesting news by the end of this month.