Chattels

Chattels – Dinar Guru   Article quotes:  “Iraqi Oil Minister: Kurdistan produces half a million barrels of oil a day & none of its benefits go to the Federal Government. However, we are close to reaching an agreement with Erbil.”;  “The Ghadhban said that “optimistic to reach an agreement between the two sides,”stressing “We and the Kurdistan region in one ship, and we should reach an agreement.”  One question is whether the optimism expressed by Baghdad is shared by Kurdistan. Another question is whether the “agreement” is budgetary and for one year or is it a permanent agreement equating to the long awaited HydroCarbon Agreement.  Any permanent HydroCarbon Ageement will likely require amendment / clarification constitutionally.   …a budget law agreement, if fully performed/honored by both sides, could be a good beginning.

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Breitling

Breitling – Dinar Guru Why are [brokers] willing to pay a lot more than they used to to buy your dinar back? They’re selling it to these guys [large currency investors] that’s why. It’s that simple…It’s hard getting money out of Iraq. It’s not easy. It would come from Iraq to Jordan to the United States. And from the banking industry in the United States it went from the [CBI] auction floor to Bank of America to Chase Bank. And that’s where I bought my currency – Chase Bank. So that’s a couple routes on how that currency gets here. But it’s dried up. That system doesn’t work anymore. So there isn’t as much dinar in the market…

BGG ~ I beg to differ with Breitling’s synopsis as to why brokers are willing to “pay a lot more” than they used to – to buy Dinar back.

It’s because THEY HAVE TO. When we (Dinar Updates / The Dinar Exchange) first got into the “Buy – Sell” market we did two things:

1) We started paying A LOT more than everyone else as a “Buy-Back” price. We still are. We currently pay $850 per million (for uncirculated). Quick turn – no gimmicks.

2) We also started selling for A LOT less than everyone else. 

Our current sales price is $975 per million (shipping included).

The spreads these jokers were making on people were JUST RIDICULOUS. They were paying $500-600 on the buy side and then getting $1100-1300 on the sell side. CRAZY!!

It just wasn’t fair at all.

The real reason they are paying more – isn’t that they are “willing to”…

It’s that they HAVE TO.

If they don’t – they won’t get any and they won’t be able to compete.

It is just that simple – economics in action.

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Dinar Investor – Jeff

Dinar Investor – Jeff   article on this morning’s session of Parliament – they did not get anything done that was important…a few days ago I posted another article where they said they were going to try to resolve the Education Minster during the first FEW legislative sessions of Parliament…what we’re waiting on right now guys is for them to finish the formation of the government by putting the Education Minister in place.  IMO they’ll probably do it next Saturday the 21st…

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BGG ~ If you would like to get some Dinar – Call us, leave a voicemail, send a text (615-509-6256 – anytime), an e-mail or FB message us. These all work.

Our Current Sales Price is $975 per million – shipping INCLUDED.

www.TheDinarExchange.com

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Dinar Investor – Jeff

Dinar Investor – Jeff  …IMO tomorrow you will not see any information about the VP’s in Iraq…I have some very strong confirming  factual information I just received from the Iraq government directly.  I will share this with you when I see the one article I’m looking for…there is only one remaining position.  It is only the Education Minister.  It shows that they have done away with the Vice Presidents.  Those positions have been eliminated…The only position we are waiting on is just the Education Minister.  IMO they are going to complete that position on Saturday the 21st.  When I see news articles telling you that I will share my factual information that I have on how I received it directly from the Iraqi Government…

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Mountain Goat

Mountain Goat – Dinar Guru  Simply put when the time comes the IMF will put the IQD in an SDR basket of currencies including the Yen, Yuan, Pound, Euro, USD and then the IQD.  …What does this do?  It creates stability in the marketplace since, if one currency gets too shaky, the others will back it up and support it… How does putting the IQD in this SDR basket effect our exchange Since the IMF will have to now weight the IQD along with the assets from these other 5 currencies in the basket, it will cause a re-calculation of the IQD rate and drive it higher like the pre-1991 rate plus equity. This is what will be the driving force behind getting more than a 1:1 after deleting the zeros. …This is what will justify it.

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Kaperoni

Kaperoni – Dinar Guru   I can say with certainty there will be no introduction of small  denominations because that’s just not how monetary policy works there is no RV or RI. If the dinar goes up in value gradually as we expect any transition to any smaller denomination or notes would be seamless with little fanfare. If Parliament were to pass a law to redenominate the currency (LOP) then I could see the introduction of a package of small notes and displayed in advance of their implementation.

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Adam Montana

Adam Montana – Dinar Guru   It’s been some time since this came up in the news, but I believe it was about 5 months ago I made mention of Saudi Arabia working on playing nice with Iraq again… and what they have to gain by doing so. Saudi Arabia couldn’t be bothered to give Iraq the time of day 10 years ago… now, they are changing their tune: [Article] “Iraq-Saudi border crossing to reopen after nearly 30 years.  …WTI OIL is currently at 54.94…  Other news that’s positive – CBI, IMF, GOI are all active. We are not in one of those vacation-day lulls. Overall, it looks like things should start moving… right in time to hit a mid-September spurt. 

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Dinar Investor – Jeff 

Dinar Investor – Jeff    [Article: Saleh and Abdul Mahdi discuss developments in the political situation and the implementation of the government program]   …the “government program” is everything that exists after the rate change.  It’s the period after the rate change that gives the citizens a better life.  So that’s why they’re talking about implementing the “government program” now or soon because that’s the period after the rate change

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Mountain Goat

Mountain Goat – Dinar Guru   …We know that the Financial Management Law was written and passed in parliament in order for parliament through the financial committee to take charge of the monetary reforms and force the CBI to perform their job.  Up to this point the CBI had excuse after excuse as to why it could not proceed. We read about all the corruption in the CBI. We heard about the necessity to replace all the proxy positions with permanent positions. Then we watched it happen. The announcement came out about the replace of the director of the CBI and he was supposed to take his position in early September. …Yes, we still expect the formal announcement of the new Governor of the CBI any day now

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Kathy

Kathy – Dinar Guru   Article:  “Maliki denies allegations of smuggling Iraqi treasury money”  Quote: “The security authorities at Dubai airport seize a shipment of funds full of dollars stolen from the treasury of Iraq,estimated at hundreds of billions of dollars on a private Iraqi plane belonging to Nuri al-Malikiwhich was intended to be smuggled to a European country “This money is equivalent to the budget of 10 Arab countries for five years.”  Equal to 10 Arab countries budgets for five years! Holy Cow!

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Breitling

Breitling – Dinar Guru   Why do you feel so good about what’s going on?   It’s because the people who put this together they’re moving this forward – that’s why.  The language that they used at the beginning, ‘We are going to start adding value to our currency and we want to participate in certain markets.’  You’re watching it literally happen before your very eyes…

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Kaperoni

Kaperoni – Dinar Guru    …there have been many discussions about a float over the years from the CBI, and economic experts in Iraq…Floating the currency is not some arbitrary or random event it precedes pressure created on their financial system otherwise the repercussions could be bad for the country…if significant investment is going to come into Iraq as expected it’s going to create pressure. There has to be a mechanism in place just prior to relieve that pressure. That mechanism is a float…If you do not have a mechanism in place, the monetary stability in the country will be thrown completely out of whack. And the CBI could lose control over the currency as inflation skyrockets as a result…precautions need to be in place and tools are used to maintain the stability

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Dinar Investor – Jeff

Dinar Investor – Jeff    I feel the formation of the government is secretly done.  Just waiting to be announced.  It has to be announced no matter what...the definite ones that have to be fulfilled right now are the Education Minister and the three remaining Vice Presidents…which they’re doing this coming Saturday is what they’ve told us in the latest news…

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Mountain Goat

Mountain Goat – Dinar Guru    We are now hearing yet more international organizations getting involved with Iraq. Even the oil minister has stated Iraq is ripe for international investors. Really? Now even China…is stepping up and announces its willingness to invest in Iraq. This could lead to an economic revolution within IraqHow can they survive and transfer funds to and from Iraq with this currency auction still in placeDo they want to mess with these 3 zeros? Don’t they want a normalized and simplified currency denominations to work withThe answers are Yes and Yes and they have already told Iraq this is the case. This is why the finance committee is pushing the CBI to complete the project to delete the zeros.

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Kaperoni

Kaperoni – Dinar Guru   I have always said the pace of the appreciation on a float is based on how fast investment comes into the country. The faster investors bring money through the cbi’s capital account to invest in rebuilding, etc. The more pressure it creates causing the CBI to allow the currency to appreciate.  So it could make a big move in a relatively short period of time?  Of course…That is what the balassa -Samuelson effect is…the directive from the IMF to float the currency is the safest and best solution for all of us to see the currency go up in value because a RV of any significant amount is not possible…a float is the only reasonable solution as requested by the IMF in 2013 as part of the Article IV Consultation…I wouldn’t be in it if I believed in a LOP. But I do believe that anything other than a float is unrealistic at this point…

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Mountain Goat

Mountain Goat – Dinar Guru    What about getting HCL and article 140 completed?  The HCL is already completed and has been passed since 2018, but not yet implemented fully and that is the problem. This too must be implemented and not just a law on paper. …Iraq is NOT going to get back their global currency…unless they implement their constitution “fully”…There are two main areas of concern- Article 140 and HCL. Some say also judicial reform but this is also already underway…Many also say that the Iranian influence must be gone out of Iraq…As long as they are in Iraq the US will keep a military presence in Iraq. I do not believe this is going to stop the reinstatementIf it was, they would not have progressed to this point of launching the smaller, smaller category notes and coins.  

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Dinar Investor – Jeff

Dinar Investor – Jeff  All we need is a VP to finish the formation of the government?  They have multiple positions to fill, Education, VP’s, possible a few special grades.  They’ll need a few weeks to complete it…next session 9/14.

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Dinar Investor – Jeff

Dinar Investor – Jeff    …squashing the entire theory of,  ‘oh, they have to float it because they have 74 trillion  in circulation‘…CBI already came out and said they’re gonna pull that large amount out of circulation when the rate changes.  Because most of that 74 trillion is outside of Iraq held by investors in other countries and the CBI does not give two craps about it

BGG ~ Well, he’s part right. They don’t care… but not because it’s 74 trillion. Fact: They don’t care because it’s not even close to that number. In fact, it’s a VASTLY different number than this.

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Kaperoni

Kaperoni – Dinar Guru  …dinar rates…in excess of $3…not possible Iraq could never afford any such RV/RI.  The only scenario where I could see such a thing is if they LOP first. I’ve already stated I don’t believe that Iraq would LOP. That being said, the only thing they can do is raise the value gradually over time as I’ve discussed many times via a float.  The reason why I say they will float is 1. the IMF specifically gave such a directive, 2.  Iraq can’t afford any other increase in value with so much currency in circulation, 3. have to reduce the currency which can’t occur until after the value starts to rise. So we’ll just have to wait and see how the next several months play out. But I know one thing if they’re going to raise the value it’s going to have to occur gradually...

BGG ~ One person’s opinion. Virtually a 0% chance of a LOP.

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RVAlready

RVAlready – Dinar Guru Article:  Article:  “Revealing a study to delete zeros from the Iraqi currency”  If you know the history of this, it is easy to see the delay article from Iraq is pure bull. Most of the intel providers are saying soon, and Iraq has been busy for weeks educating the citizens on the RV, new LDs , and coins

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Mountain Goat

Mountain Goat – Dinar Guru   So our path for the CBI to reintroduce the coins is here. We just have to wait it out and see when they do it. We know that this is a very good step in the right direction… So, in the past I have said that in 2011 the CBI came out with the process of to “delete the zeros” and clearly defined what they had to do to get there. Well…we are almost there and it has been almost a decade since to complete the process. But we are not home yet…The process clearly states that they will delete the zeros (as we have seen in recent articles they are about to do) by launching the “smaller, yet smaller category” notes. …This step we now know also includes the coins (as they also just told us).  …So, when the smaller, smaller categories do come out they will have to adjust the CBI rate…

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Mountain Goat

Mountain Goat – Dinar Guru   Article:   “SHARE OF KURDISTAN RISE TO MORE THAN 17% OF THE FEDERAL BUDGET”  So the Kurds for now get what they wanted to survive yet another budget. But this is NOT over until parliament passes the “referendum” required by the new 2005 Iraqi Constitution… Read my lips – ARTICLE 140 IS NOT DONE UNTIL A LAW IS PASSED...So they absolutely must get this referendum passed or this will continue on for ever and ever for each of the years budgets! ARTICLE 140 IS NOT DONE!

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Kaperoni

Kaperoni – Dinar Guru   If you go back and look at the IMF Article IV Consultation from this year that came out in June, the IMF encouraged the CBI to begin more training programs. We are now seeing an abundance these types of training or seminars throughout Iraq. 

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Larrykn

Larrykn – Dinar Guru   I really wouldn’t worry about a LOP…that is just not going to happen, its been in many articles someone is just trying to stir the pot.

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Frank26

Frank26 – Dinar Guru    WS told us that the next thing that we as a team are looking for is for the picture of the small category notes and the coins that would be equivalent to the new small category notes 1, 5, 10, 20, 50 and 100…soon a flow down of visual aid pictures is going to go to the banks.  From the banks to the tellers.  From the tellers to the citizens…IMO these pictures are timed for release now due to the success of the massive campaign that has well educated the citizens…these photos are the final evidence of the reinstatement that is to come

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Mountain Goat

Mountain Goat – Dinar Guru  Article:  “IRAQ HAS DECIDED TO APPROVE THE RATING AGENCIES THAT HAVE THE CRITERIA ECAI”  Quote: “The Board of Directors of the Central Bank of Iraq has decided to approve the rating agencies that have the criteria …(ECAI) emanating from the decisions of Basel, to classify the financial institutions in Iraq, namely: Standard & Poor; Moody’s; Fitch Ratings; Capital Intelligence”   …this is a WOW! article and tells so much about how they now view their banking system. Folks they are about to compete with other international currencies on the open global trading platforms. Why else would they be so concerned about their ratings from these four agencies? How many times have they told us already this is the plan?…

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Vital Brad

Vital Brad – Dinar Guru    Article:    “Central Bank announces strategic banking projects for the next 5 years.”    Quote:    “The exchange rate as the main achievement of monetary policy applications and one of it’s important objectives, which has positive repercussions on the revitalization of the economy and stabilize the monetary and financial system.”   …it’s not a matter of if they’re gonna adjust their exchange rate on their currency.  It’s when.  You can see from the 5 year projection that a lot of these projects that they’re planning to complete are gonna  be done so with the Iraqi dinar at its raised rate.  So some really great news…

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Mountain Goat

Mountain Goat – Dinar Guru  The only real currency we know for sure that will have any significant change in value in the near future is the Iraqi dinar and no other…All the other currencies you hear about are just extremely high speculation. I have been hearing about the Vietnam Dong and its potential to revalue…Could it? Yes, but…a speculative currency investment?

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MilitiaMan

MilitiaMan – Dinar Guru   The AMF is complete in launching a special Index database for Iraqi Securities. They have it ready, as they calculated the index as being from 07/31/2019

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