Chattels – Dinar Guru Article: “Iraq strengthens its reserves of gold to 96 tons” Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons.
BGG ~ We sell Dinar. If you would like to buy 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.
Adam Montana – Dinar Guru I spend hours every day researching and communicating with my people on the Iraqi Dinar, international business, asset protection, etc…There are people I work with who know how important it is to get me my information by Tuesday, and are extremely dedicated to their roles… Today is short and sweet. There is nothing negative to report – Parliament is working, OIL is still going the right way, and my gut tells me they are just kicking a few last details around. If something counter productive were to happen right now, I’d take a harder look at things… but that’s not the case. Everything is lining up! Parliament: still working, and working effectively. OIL: still moving towards $60, and doing it steadily. The only thing we can ask for right now is that BOOM! HCL news. Keep your heads on straight! This really feels like the home stretch.
Chattels – Dinar Guru Article: “Tuesday, February 19, 2019 Security In Iraq Feb 8-14, 2019” There was another week with few security incidents in Iraq. For almost four months now the country has averaged 20-30 security events each week and the second week of February was no different.
Kaperoni – Dinar Guru If and when the CBI begins to float the dinar it could take 6 months to 2 years to delete the zeros (raise the value enough where the zeros are gone). Remember if the CBI is going to do this event it will be in conjunction with investment capital coming to Iraq. The more capital the greater the inflationary pressure meaning the faster it could rise. The 2012 IMF Article IV Consultation with Iraq described the process and event as the Balassa-Samuelson effect.
Kaperoni – Dinar Guru Things have been pretty uneventful…the last few weeks or so because Parliament has been on recess. Look for things to pick up in March…
Mountain Goat – Dinar Guru I want to make one other point here too and that is the connection of the RV to the Iranian influence and militias. So how can they stop the auctions and launch the lower denoms and thus raise the rate if the militias are going to cause trouble and spread counterfeit currency only causing a disaster in the dinar rate anyhow. So like I have been saying all along, they must get rid of the Iranian influence if they are ever going to RV. [post 2 of 2]
Delta – Dinar Guru VERY INTERESTING NEVER SEEN THIS BEFORE…
Apply for visa
• 200 cigarettes or
• 50 cigars or
• 250 grammes of tobacco
• Up to 1 litre in wines or spirits
• 500 ml of perfume in two small opened bottles
• Up to 25 Dinars can be imported and sums no greater than 5 Dinars can be exported out of the country.
[…with program rate on dinars why bother with the export of dinars or import of dinars.] […the CBI still says 1190…] IMO NOT FOR LONG…
Dinar News Update The CBI has crossed the 2% for 90 Days rule for the Iraq Exchange Market. The CBI had accomplished this for the Baghdad Market last summer. The CBI began reporting the Iraq Market rate on November 14, 2019 which included three decimal places. Some feel these rates must be within 2% of each other before the IMF can consider the dinar for Article VIII.
Mountain Goat – Dinar Guru Article: “THE FUTURE FATE OF THE IRAQI CURRENCY AUCTIONS” …these currency auctions are doing more harm to Iraq than good. They are no longer necessary and outlived their usefulness. They were supposed to help Iraq get through the sanctions but apparently now they are helping Iran through their sanctions using Iraqi funds. …when the CBI tells us there is still POLITICAL INSTABILITY and ECONOMIC INSTABILITY this is what they mean. So now we get some insight as to what they have been saying all along. We now know the situation as to why the NSA stopped the RV twice in January. [post 1 of 2]
MilitiaMan – Dinar Guru Article: “Customs: We will begin the unification of customs procedures at all ports as of tomorrow” …They moved it up from the 17th, so for those that suggest Iraq is always late, they in fact this time early… I love that pattern change.. Bring on the lifting of the exchange rate with no lag time.. lol …Then we await the lifting of the three zeros from the exchange rate, thus, CBI should be screaming at us…lol.
Delta – Dinar Guru Article: “Customs: We will begin the unification of customs procedures at all ports as of tomorrow” Mawazine News. published the new pricing of customs in all ports of Iraq custom base on international code…pricing base on international code.
MarkZ – Dinar Guru I am still hearing there will be no taxes on Dinar and dong exchanges…There is a tax treaty involved with this. …Waiting for news out of Iraq…hopefully we will hear by tonight. Expecting to see news from [Guru] Frank26…he is the best source on Iraq…expecting a whole lot out of CBI today…I am also hearing there will be great security at the bank..and in the parking lot…I am not worried about security…There is a good chance I will be doing another update today. Based on what I’m hearing and reading…As far as rates I am hearing street rate dinar 4.43 dong..2.20 to 2.25. Hopefully I will know more later today…
BGG ~ I would be VERY, VERY cautious with information such as this. This IGNORANCE will get someone into DEEP trouble with the IRS.
Mountain Goat – Dinar Guru Article…December 10, 2014: “RAFIDAIN BANK IN DHI QAR CONFIRMS THAT THE INTRODUCTION OF ATM DEPENDS ON THE CURRENCY” Quote: “…the introduction of ATM in the markets and banks ARE SUBJECT TO THE IMPLEMENTATION OF THE DECISION TO DELETE ZEROS FROM THE IRAQI CURRENCY...” …don’t anyone tell me that bringing these ATMs online and filling them with dinar is not part of the plan of project to delete the zeros. Here is the article in black and white…Here is the proof.
Delta – Dinar Guru Article: “Customs: The implementation of the agreement signed with Kurdistan as of tomorrow 15-02-2019” ADDING TAXES MEANS PRICES HAVE TO INCREASE AT LEAST BY 10 -30%…THAT WILL CAUSE INFLATION IN PRICES INSIDE IRAQ AND DEMONSTRATION FROM IRAQI…SO THE GOV AND CBI HAVE TO GIVE SOME POWER OF PURCHASE…STARTING THE TAXES FINALLY AFTER SO MANY YEARS IS ONE OF THE BEST NEWS SO FAR SHOULD GET ALL OF US HAPPY…THERE WAS ONLY 2 THINGS LIFT FOR THEM TO BE ABLE TO MOVE TO ARTICLE VIII… 1 – TAXES…WILL BE DONE TOMORROW… 2 – LIFT THE 000 ZEROS…
Mountain Goat – Dinar Guru …old article from 2014… Article: “DELETION OF ZEROS IN 2014 NOW EARLY 2015…PROJECT IS READY AND IMPLEMENTATION OF A DEFERRED PROJECT” It is now already 2019 and so four years plus passed already. Where is the RV? This project to delete the zeros is so long, long overdue. Each time we go through an election cycle with a new government we have to start convincing everyone all over again to do it and the importance of it. I think we are so close I can hardly wait.
Adam Montana – Dinar Guru I’m actually very pleased to see the steady growth of oil, rather than a sudden spike. This “controlled growth” is exactly what I would want if I were Captain of the CBI, because it shows stability in the main area that needs it. All of these things are coming together for us, creating the perfect situation. Obviously things can, and will, come up. I don’t have an exact date for you, and I never will. But that sure won’t stop me from being excited about what we’re in the middle of right now! Overall, things are just looking dandy. [post 2 of 2]
Adam Montana – Dinar Guru The RV train is still chugging along, with nothing but positive steam powering these updates…suffice it to say that we’re in a pretty spot! NOTHING has detracted from the good news on HCL. WE STILL have momentum on the budget, which is currently WAY AHEAD OF NORMAL. And I’ll sweeten it up just a little bit with this – you remember that $60 mark I mentioned about a month ago? YEP, STILL GOING THE RIGHT WAY! Oil is creeping up on $56 as I write this. That’s halfway to my mark of $60…and going strong! [post 1 of 2]
Mountain Goat – Dinar Guru …Remember as I said many times we will see a rate change within Iraq as close to 1000 dinars or lower per USD first, then the CBI must launch the smaller notes or the economy will not have any currency they can work with. So now we see the CBI program rate as record lows coming into this week and so we should expect it even much lower and then the launching of first the 25, 50 and 100 dinar notes, as promised would happen at this time. Stay tuned it is all good. [post 2 of 2]
Mountain Goat – Dinar Guru Article: “CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY” …this article …is only from Nov of last year…not too long ago. Okay so here is the beginning of the re-education process I said would begin a months before the reinstatement would happen. Remember the CBI must first wait for the right environment to launch the rest of these lower smaller category notes. Now they are telling us the time is just around the corner. This is exactly what we wanted to hear and needed to hear at this time. [post 1 of 2]
MilitiaMan – Dinar Guru …articles are out about CONTRACTS…They have to be adjusted accordingly…Let the CONTRACT’s adjusting to a new rate sink in… The Pres signed the 2019 budget on the 4th… Note the articles about Contracts use the word Implementation… So aside from the time line, think about it. Contracts and pricing of goods, needs to be done as well. They imo won’t or can’t put pricing off for long.. We have not heard Taxes and Tariffs being put off or extended…Now think about it…02/04/19 and 10 days less the weekend of two days…Puts Kurds talk of 02/17 for implementation of T & Ts or even the federal budget law to install contracts, imo, right on time…
Kaperoni – Dinar Guru …There no RV. Once the GOI is formed (Still missing 4 cabinet members), parliament returns, begins passing laws we may see the CBI move to a float.
Mountain Goat – Dinar Guru Article: “DANNAIR PUBLISHES THE FEATURES OF THE NEW IRAQI CURRENCY AFTER THE DELETION OF ZEROS” …article from 2012. We know without doubt that the CBI under Dr Shabibi planned to RV in Jan 2013 and thus was educating the people on the new currency in 2012. This is they type of education we are still looking for… So we know the new smaller categories are all printed and ready to be launched since 2012.
MilitiaMan – Dinar Guru Article: “The Association of Iraqi Private Banks Organizes a Workshop «Automated Taxation on Direct Deduction Tax” Electronic and automatic taxation.. New and improved…I am if the view they mean business and the Iraq Private Banks are going to be a huge part of the reconstruction effort…Massive amounts of money will be moved through them especially once they are fully Article 8 compliant with a new non program rate...Alak the phone is ringing…lol.
Adam Montana – Dinar Guru Article: “Barzani meets with Mahdi re: HCL (?)” For those of you that don’t know, the HCL is possibly/probably the last thing we need to see for an RV. Quote: “the agreement will be signed between the leadership of the two parties soon” We all love the word “soon”, but this time… it’s looking very, very real. Quote: “the implementation of even two thirds of the terms of the agreement, which is scheduled to be signed on the 18th of this month” Two thirds or more is PLENTY to suit our needs! Quote: “The draft agreement includes 18 items… especially the proceeds of natural resources” FYI, this is HCL. Plain and simple. There is a LOT of excitement around here concerning the middle of the month. This is a big part of that excitement. I won’t encourage anyone to get too excited, but I’m also not going to downplay this one… this is BIG. We are in the best situation for an RV that I have ever witnessed.
Sandyf – Dinar Guru cbi has stated many times “restore and or increase purchasing power of the dinar” Many seem to think that statement means “restore and or increase purchasing power of the IQD”, but it is not the case. Zambia increased the purchasing power of the Kwacha, by deleting 3 zeros.
Mountain Goat – Dinar Guru Article: “KUWAITI NEWSPAPER: IRAQ PAID KUWAIT $ 300 MILLION” Quotes: “Iraq finally paid Kuwait $300 million in payment of a series of compensation owed by Baghdad to Kuwait for the losses and damage suffered by individuals, companies, government and international organizations as a result of the Gulf War.”; “…the payment was resumed at 0.5 percent of Iraq’s revenues starting from 2018, and will increase annually UNTIL THE END OF 2021…” …just so everyone knows this payment does not have to be repaid completely before they can reinstate the dinar. We are not waiting for 2021. Proof of this was the attempt by Dr Shabibi to reinstate back in 2012-2013. So relax!
Kaperoni – Dinar Guru …the CBI banking conference (which was scheduled for last fall) and rescheduled for Feb 10/11 has in fact been postponed again to “summer 2019”. Some have asked my opinion on this banking event and all I can say is the fact they keep postponing it must be a telling sign that they do not want to hold this event until all their ducks are in place. After all, they advertise “Iraq is open for business” and currently that is not the case. More work still needs to be done…ie currency reform, laws passed etc.
MilitiaMan – Dinar Guru […The investment conference, which is/was to begin tomorrow (2/10), has now been pushed back to this summer…??] Yes it appears as such and in my opinion, it was due to that they haven’t shown the rate yet. I was expecting them to cancel with out it. …There is nothing bad out there to support we are not in a good place today! Those that were expecting the final rate ahead of the conference, knew in advance if the rate didn’t change they would not be having one.. imo..
ChrisC – Dinar Guru …I think WS thought this was going to happen last year because it was supposed to and Trump planned for it to. However, as WS found out with Maliki, Iran swings a big stick in Iraq and these people are hard to control. Realizing that asking politely and even giving them gift upon gift was not going to work, Trump came up with a new strategy…Trump realized he had to choke out the source…I think all of these sanctions that have made them see stars and tap out was to force them to see the RV as a solution and not something they should continue to interfere with. He now has Iran HAPPY to get dinar and looking forward to it rising in value…