Chattels

Chattels – Dinar Guru  Article quote:  “The deficit is very large and can be overcome only through three axes. Either reduce operating expenses to a very large degree, especially the item of allocations and benefits, or resort to taxes. This is also a very big burden on the Iraqi people, or external borrowing, and this also bears the weight of future generations. “.  No mention of deleting the zeroes or ” RV ” as a solution/remedy.  Frankly, I would not expect any news or advance notice of such an impactful economic event(s).

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Whitelions

Whitelions – Dinar Guru   … lets see what the cbi does when the cabinet is voted in…it looks like that will be very soon. The CBI is ready …the work that is starting in the country is demanding it…not just the protesters but the contractors that are coming in are expecting it…not just the us but every country wanting to work in the country and the good thing is Iraq is being very picky about what country’s it will do bis. with because they know they can…everybody wants a piece of this pie…but If I have to guess it would be with in the next 2 to 3 months…

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Tman23

Tman23 – Dinar Guru   …Kap posted the other day…16 trillion in whats in the ground…150 billion barrels… has been now just quadrupled…when that number 16 trillion was released…Trump in 2012 or there about tweeted…“US deficit 16 trillion and Iraq valued worth 16 trillion…INTERESTING!”…there is a plan here and it definitely is not Kap’s market economy force…

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Whitelions

Whitelions – Dinar Guru   …they will never ever post that they are going to change the rate of their currency, BUT we have all been in this a long time and can follow what and how things are going in that country …

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Vital Brad

Vital Brad – Dinar Guru  …Part of me does feel like they will come out at a low rate…just throwing a number out there let’s say 10 cents, something like that just to get back on the international market and get rid of some of the amount of the Iraqi dinar that’s out there…get some people to turn in their dinar at a lower rate.  I believe it can float up to a higher rate…Kuwait’s currency right now I believe is around $3.40 and Iraq has much more oil reserves than Kuwait…there’s no reason IMO they should be lower than Kuwait.  So I think it’ll get up there.

BGG ~ I disagree with this “interpretation”… for context, here is a reprint of the actual LA Times article from 1994. Here is actually what happened with the Kuwaiti Dinar, no internet hype…

FLASHBACK –  Crush Expected When Kuwaiti Banks Reopen Today

March 24, 1991|From Reuters

KUWAIT CITY, Kuwait — Thousands of Kuwaitis are expected to jam the country’s banks today when they open for the first time since the end of the Iraqi occupation.

Customers will be allowed to withdraw funds and to swap pre-invasion money for a new currency issued to make more than $1 billion in pre-invasion dinars stolen by the Iraqis worthless.

“We expect a rush of people,” said Issam Asousi, an executive with the Bank of Kuwait. He said it could be a chaotic first week because customers have a lot of questions about their accounts.

Kuwaiti banks continued operating during the seven-month Iraqi occupation under managers brought in from Iraq, but they have been closed since the U.S.-led alliance ousted the Iraqi army from Kuwait a month ago.

When the banks reopen today, customers will be able to withdraw up to 4,000 Kuwaiti dinars, equivalent to about $14,000 at pre-invasion exchange rates from their accounts, and to exchange a like amount for foreign currency.

Balances of customers’ accounts will go back to what they were on Aug. 1, a day before the invasion.

Clients will not be able to exchange Iraqi currency issued during the occupation, when Baghdad pegged the rates of the strong Kuwaiti dinar to the far less valuable Iraqi dinar.

The new Kuwaiti money will be exchanged for old at a one-to-one rate.

https://articles.latimes.com/1991-03-24/news/mn-1395_1_kuwaiti-banks

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Frank26

Frank26 – Dinar Guru   ...I would like to believe that it’s true that President Trump has given them the date to stop using the American dollar in the auction and I believe that they have committed to it.

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Francis Albert

Francis Albert – Dinar Guru   Currency investors here. Take heart. Regardless of what some “Never Dinarians” are writing lately…remember it is easy to argue any point when the fine points are not in the talk. I have studied these “money” matters for many years. And, to that end, anyone who argues that Iraq is not going to somehow, someway, someday go international and raise the value of their currency is simply not looking closely. Do I think It will suddenly pop up to some mythical $3.50 range overnightPossible, for the Iraqi Dinar has years of history in this territory. So, a reinstatement is possible. If I were a betting chap I would say it comes out at .86 on Forex and makes a speedy dash higher.

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Dinar Investor – Jeff

Dinar Investor – Jeff  …What this is is a reinstatement.  The phrase “RV”, that phrase “revaluation”, all that was fabricated from this investment.  That phrase never existed.  “Rate change” existed but not “revaluation”.  This is a reinstatement.  That means they have to bring back a former rate.  I’ve studied the value of Iraq’s rate through the last 100 years.  The low side was about $2.80 and the high side was about $4.20.  The point is they’ve never had a $1.00 rate to reinstate… Iraq ‘s currency devalued at $3.22 in about 2004…

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Kaperoni

Kaperoni – Dinar Guru …nothing has happened politically in the last few months as of yet the new prime minister hasn’t even been sworn in and his cabinet has not been voted on.  In fact it has been scheduled for Monday but there are rumors that they won’t even vote Monday, that many are now making a decision to not endorse the new prime minister and his cabinet. New protests are even anticipated.

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Dinar Investor – Jeff 

Dinar Investor – Jeff  ...Everything is pointing and circling around the rate change including the approval process of their 2020 budget.  Facts are confirming the last step we’re waiting on is the rate change.  Everything in Iraq has been put on standby including the approval process of the but budget.  It’s all waiting on the rate change…Iraq is literally walking in Kuwait’s footsteps time frame wise.  Kuwait changed their rate on March 24th of 1991…

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Chattels

Chattels – Dinar Guru   Article:  “The Presidency of the Council of Representatives confirmed that an extraordinary session will be held next Monday to vote on the booth of Prime Minister-designate Muhammad Tawfiq Allawi.”   Quote:  “The House of Representatives is obliged to hold an extraordinary session next Monday to give confidence to the next government, according to the invitation of the resigned Prime Minister, Adel Abdul-Mahdi,

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Dinar Investor – Jeff

Dinar Investor – Jeff   …what is Iraq doing Right now they’re telling us they probably believe next Monday they’re going to finish and approve the cabinet and/or the full government.  That would be the new Prime Minister Allawi’s government.

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MilitiaMan

MilitiaMan – Dinar Guru   Article:  “Disclosure…enhances the value of financial institutions locally and internationally”   …They are seriously speaking of value. Well if they are going to get linked with the International Community and even with the NASAQ, the values of these companies will need to be transparent and have real value… The NASDAQ has rules and they need to be followed, just as there are rules for Market Makers and the pricing of the shares. Same would hold true with the Forex, I suspect too. This is a very good sign…

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MilitiaMan

MilitiaMan – Dinar Guru    Article:  “The central bank organizes a lecture in Mosul on financial inclusion”   …the above Mosul training was done days ago…imo… They speak of training at a very high level of internationalism. The CBI Statistics website has the stats on many things that facilitate money movement globally. They have the training parameters in place and or done by now through the managerial levels… Next step is the tellers.. Most likely that is or will be down to the last few hours and or last minutes… imo.

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MilitiaMan

MilitiaMan – Dinar Guru “Regular meetings now between CBI Board, IMF, AMF and UST.”   For them to be having meetings with those four should assure us that this is coming together so very well and orchestrated to be in synchronization with the new PM and his fresh independent cabinet even with the ISX to down to bank tellers. The four Global Enities would be the ones to give the guidance to the CBs, Private Banks and then down to the bank managers, as they will need to know what to teach the tellers. They’ll need to know what to tell the citizens about the value and the longevity of the coexistence of the varied currencies they will hold for what ever period of time they decide. That is effectively end game for us when that happens.

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Adam Montana

Adam Montana – Dinar Guru   Article:  “Newspaper: Allawi chose 3 characters for each ministry and placed the ball in the parliament stadium”  Quote:  “Allawi chose 57 characters, 3 persons for each ministry, which means that he put the ball in the parliament’s court by not requiring one person for each ministry because if he rejects it, this may affect the entire government formation.”  The only concerns I had with Allawi have been covered – I felt like if he was going to be ousted or “convinced” to resign, it was going to happen quickly. Like, “within the first week” quickly.  We are well beyond that, and the “backups for the backups” says they are getting things donnnneee! “You don’t like that choice? FINE, here’s another one. And another!

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Mountain Goat

Mountain Goat – Dinar Guru    Article:  “DEPUTY: 90% OF THE CURRENT REPRESENTATIVES WILL NOT RETURN TO THEIR SEATS IN THE UPCOMING ELECTIONS”   Quote:  “DURING ITS SESSION, ON DECEMBER 24, 2019, THE HOUSE OF REPRESENTATIVES VOTED ON THE ELECTION LAW LEGISLATION”  So here it is in black and white. The Iraqi election law was already voted on and passed in parliament. …So why is the news media telling us they still need to do this? This again is a FAKE spin on the news. They want to confuse and stall everything indefinitely. The real reason why they can’t yet implement it is they need candidates for the early elections and also they will need a way to prosecute the corrupt that will be taken out of the government. Already Iraq has hired consultants to come into Iraq to help clarify the procedure to run this new type of “open” election process. They are working out the details and will be successful.

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MilitiaMan

MilitiaMan – Dinar Guru    Article:  “Deputy: Karbala’s 2020 budget is devoid of new project”   [How can there be an RI when there is such a large deficit and no new projects?] I think they are about to change things, as this suggests they have the 2019 budget which, imo would reflect the FML amendment that will facilitate the new rate we expect to precede the 2020… Thus, they seem to know already that there is a big change coming...imo ! This is a good one!! ~ imo.

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Adam Montana

Adam Montana – Dinar Guru  …You may have noticed a lack of chatter about “protesters” over the last week or two…that’s just one of the topics that has quietly just left the news. Of course we don’t see anyone making a big deal out of positive news, because that’s not the kind of stuff that sells newspapers.  But it IS the kind of thing we want to see, because it’s what is going to lead us to a higher value on the Dinar. Allawi is building a foundation, the pieces are falling into place, and I have nothing negative to report.

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Mountain Goat

Mountain Goat – Dinar Guru   Article:  “WORLD BANK INFORMS IRAQ THAT ITS FINANCIAL SITUATION IS IN DANGER, ESPECIALLY WITH REGARD TO SALARIES OF STATE EMPLOYEES”   Like I said before, if Iraq missing this opportunity this time there will be no other opportunities. The trend is to move away from oil based economies and wealth is short-lived. They should have already rebuilt their country ten times better than it was before. But instead they pissed the money away to Iran to support terrorism. This only made things worst off in Iraq and in the middle east in general. Now they have to do these reforms or else! One of these reforms is the project to delete the zeros which leads to the reinstatement thus our RV.

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Pimpy

Pimpy – Dinar Guru  …when Trump was at Davos the chairman of the World Trade Organization told everyone that he was working with the Trump Administration and they were gonna be implementing new policies when it comes to currency manipulation.  This is good.  We want this especially if you’re holding Vietnam dong.  Where it goes to nobody knows…The Iraq dinar is in a whole different situation…this new rule is getting ready to come in effect.  I believe it is in March…I think we’re gonna see some currencies change here shortly.  How much I don’t know.  Will it happen before the rules are implemented I don’t know.  We’re gonna find out…

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MilitiaMan

MilitiaMan – Dinar Guru   Article:  “Deputy: Karbala’s 2020 budget is devoid of new projects”  They have told us in recent past that they finished the 2019 Financial Management Law with an Amendment to it, that is to facilitate the 2020 budget. Sounds to me like this is suggesting they have what we are waiting on and that is the rate to which they will use to fund the projects… I suspect that they can’t keep this tiger held back much longer.   I also suspect leaks will emerge!! imo.

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Mountain Goat

Mountain Goat – Dinar Guru  So…last Wednesday Feb 12th, we read that quote – “Muhammad Allawi succeeds in completing his cabinet, away from the interference of the blocs and their pressures”Did this really occur? …We know for a fact that if Allawi really has the overwhelming support for his new government, as he claims, then he would have already presented the candidates and a vote would have been conducted in a “extra-ordinary” session as they claim they were going to do on Sunday Feb 16th…but now we hear that parliament went on recess and so they can’t even vote until Thursday.  …So where does this issue of getting Allwai and the new government ratified in parliament really stand?  …They are still fighting with the blocks who want the quota system and the corrupt people put in these positions. So recently there was a meeting and they discussed 6 points of contention with leaving the Us military in place in Iraq. This meeting went well. The US is still going to remain in Iraq and have a strong presence. So the US is going to back Allawi and his new government. Now that this is taken care of we will see the progression on Allwai and his new government move ahead quickly.

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Dinar Investor – Jeff

Dinar Investor – Jeff  …it’s very quiet in Iraq right now.  The only things they’ve been talking about since the beginning of January was obviously finish forming the government and implementing the demonstrators demands…the demonstrators demands those are post rate change.  Those come after the rate change.  The actual roadmap that I’ve laid out…since last year is unfolding right before your eyes.  It’s exactly how I laid it out.  It’s been very quiet.  Iraq is not talking about a lot of new things.  Iraq is boxed in a corner they can’t implement the demonstrators demands or reforms…we are looking amazing…

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Vital Brad

Vital Brad – Dinar Guru  …Prime Minister Allawi has been busting his butt the last couple of weeks to form his cabinet.  Honestly it seems a little to me like Groundhog’s Day because…it seems like we’re always waiting on the prime minister to form his government…but Allawi is making a lot of progress.  Allawi is really moving things forward...Today Monday he needed to submit the names for his cabinet.  So he submitted 19 names and he mentioned three of the cabinet positions he doesn’t have names for yet…this is because of some Kurdistan objection…but they are saying that the different blocks are agreeing on his picks...IMO if Allawi does it in his first go…I still have the opinion that a good time frame for this revaluation to happen is right around the second quarter.  So April…if they bust their butt like Allawi is I could see things happening…

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Mountain Goat

Mountain Goat – Dinar Guru   First, I want to clarify what we might hear in the news and how they represent it.  When they say “Allawi’s new government” what do they mean?  …They mean the new cabinet selection for the ministries not parliament. Parliament is not being replaced at this time. To replace parliament, they must hold national elections...When they do conduct these elections, this will NOT include selecting yet another prime minister and his cabinet, as many might think. Allawi will stay the full term up to 2022 (2018-2022)  … WE have also confirmed this with the legal in Iraq…

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Kaperoni

Kaperoni – Dinar Guru   There are some signs…that once the new government is in place they will revise the 2020 budget to only cover expenses.  If true, that means the public/private partnership to begin reconstruction will be put on hold until next year.  Guess we will wait and see.

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MilitiaMan

MilitiaMan – Dinar Guru    “Al-Nassiri: Government support to the private sector is the savior for achieving economic reform”  Quote:  “Al-Nussairi added that there is a need to secure the governmental program for the interim or ordinary government with a clear vision of the role of the private sector for the new stage and to involve non-governmental experts and specialists in the implementation of the desired comprehensive economic, financial and banking reform program”  The new stage and it implementation for comprehensive economic, financial and banking reforms… Today we saw them talking to the people about how to check authenticity of USD currency and the Dinar with coins considered! The new stage! Coins beget value!!  One doesn’t counterfeit coins at a program rate...They don’t warn about counterfeiting coins for just no random reason. They warn about knowing other countries currency and that legal obligations are coming soon to the local currency. These things in the news earlier today suggest more reasoning they are about to get plenty of USD coming into banks and will need new local currency. A obligation for the locals will to cease using USD and will have to accept only local currency. Hence again, coins with value begets a warning to not counterfeit and to check your currency for authenticity before bringing it in!! Imo

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Kathy – Dinar Guru

Kathy – Dinar Guru   Article:  “Strategic advisor: Iran will not support the removal of US forces from Iraq .. “will lose the dollar”  I don’t really know if the US has any control over the RV or not, as Randy and a few others think, but if they do, then this would seem to be a good reason to RV!  Make their currency more valuable than the US currency and stop the auctions!  Just a thought!

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