MilitiaMan

MilitiaMan – Dinar Guru   I think everyone by now should know that with all we have studied to date, we knew that this was to come at the end…The REER should follow in very short order. (Real Effective Exchange Rate) One more thing. We know they have been on film showing the destruction of large notes and in mass quantities!!  That fact also supports the large amount of money spent printing currency and or minting coins, is the new issuance being reflected on the CBI site. WE watch for the REER.. Lets see what the days bring us… imo.  [What Is the Real Effective Exchange Rate – REER?  Investopedia: “The real effective exchange rate (REER) is the weighted average of a country’s currency in relation to an index or basket of other major currencies. The weights are determined by comparing the relative trade balance of a country’s currency against each country within the index.  This exchange rate is used to determine an individual country’s currency value relative to the other major currencies in the index.”]

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Frank26

Frank26 – Dinar Guru  …ARTICLE FROM THE PARLIAMENT HAS BEEN RELEASED TO AVOID ALL CONFUSION ESPECIALLY FOR THE CITIZENS.   Article:  “A proposal on the government table to face the parliamentary economic and financial crisis warns!”   Quotes:  “raising the dollar exchange rate to face the financial crisis and preserve the hard currency is one of the proposals and monetary measures that the state may take to avoid the liquidity crisis.“;   “the flotation does not constitute an increase in the value of the Iraqi dinar, but rather we will see an increase in the exchange rates of the dollar due to the lack of its acquisition in the global market, especially with the decline in global oil prices.“;   “the flotation is taken in light of the stable financial conditions of the state, as well as the diversification of the economy and its dependence on resources other than oil.”  THIS ARTICLE IS…CLEARLY STATING THAT THE IQD HAS TO GO UP IN VALUE THROUGH THEIR EXCHANGE RATE...NOTICE WHAT THEY SAY ABOUT THE FLOAT…

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Mountain Goat

Mountain Goat – Dinar Guru   Article:  “EMERGENCY CELL TO BE FORMED TO REVIEW FINANCIAL REFORM TO MANAGE THE CURRENT FINANCIAL SITUATION AND FIND THE REMEDIES AND SOLUTIONS TO OVERCOME THE COUNTRY’S COMPLEX ECONOMIC CRISIS”  …there were 9 pillars of reform listed. One of which was and I quote – “Fourth, securing the amounts allocated to the reform decisions committed by the outgoing government to implement the demands of the demonstrators.” We know one of these demands is to eliminate the currency auctions. Back in 2019 the CBI said they are working on it and will get it done. They said this to satisfy this demand. This is still underway. At this time the CBI said they only needed a newly formed, stable government and the protesting to stop in order to complete it.

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Pimpy

Pimpy – Dinar Guru  …I told you al-Kazemi is no joke.  This guy is already going for the rest of his ministry.  The rest of his cabinet to be voted on before…the big holiday which is coming up here real soon.  There is a lot of energy in the dinar community in hopes that the rate will change right on or before this holiday.  I would be really grateful for that…I’m liking this guy a whole lot.  Unlike the other people who drug their feet, man this guy’s like look this is it.  We’re doing this, we’re moving forward…looks like our boy Al-Kazemi is gonna get the rest of his cabinet members in there sometime this week or next week…

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Mountain Goat

Mountain Goat – Dinar Guru   Article:  “GOVERNMENT OF PRIME MINISTER MUSTAFA AL-KAZEMI WILL GO TO PRINT A NEW LOCAL CURRENCY IN ORDER TO PAY THE SALARIES OF EMPLOYEES”   This printing of money is not good for us investors. It shows us they are not serious about completing the project to delete the zeros any time soon. First in order to do the project they will have to recollect all these larger notes all over again to bring the money supply back to levels acceptable to complete the project. We could be waiting a longer than expected timeframe for the reinstatement than we hoped. Let us pray they do  not do this printing of more currency.

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MilitiaMan

MilitiaMan – Dinar Guru  …today…nothing but URGENCY and ACCELERATION, in respect to reforms… The report from the IBBC [International Bank of Business and Credit] is all about urgency and change! That includes monetary reforms at the Borders, etc... It includes the citizens demands as noted about too… They mean business and so does the report. …The pressure is on!! It may take 30 days for some things, but, imo they have no liquidity… Hence, the argument is sooner than later imo!

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Angel1

Angel1 – Dinar Guru an ambassador in Iraq in the green zone tells us this past week that the lower denoms are in the banks.  We’ve known that.  But they said something brand new that we didn’t know…they are ready to disperse the lower denoms...here’s what’s interesting to me.  I don’t believe those that were printed in March are inside of the vaults right now.  I believe whatever is in the vaults now per our intel, per our source, is going to be distributed, is going to be released and guess what’s going to come up the rear back to the vaults?  What they have been printing…what I’m excited about is the only reason they’re going to print more because there’s about to be a distribution of what you already have…that’s what I’m excited about…I wasn’t just excited about them printing lower denoms.  Heck we’ve already known that.  But why are they printing more Because there is now need for more…they are pushing this bad boy out in phases! …it’s right in front of us…it’s time for distribution…

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Pimpy

Pimpy – Dinar Guru  …I’m really really starting to like this Prime Minister al-Kazemi…The more I read about him the more I really like this guy…he is cracking down on corruption over there in Iraq…al-Kazemi is no joke whatsoever.  This guy is draining the Iraqi swamp

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MilitiaMan

MilitiaMan – Dinar Guru   …My take is they are at critical mass. The new PM has a very big job ahead of him, as noted by the IBBC [International Bank of Business and Credit]…letter he recieved. Can he get the atmosphere to be in full Article 8 compliance by raising the IQD to a new international rate  with the CBI, that is in sync with the 2019 Amended /2020 BudgetsWe apparently will be seeing soon enough.. imo…

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Kaperoni

Kaperoni – Dinar Guru   [Dinar can not float unless it is on Forex or RV is implemented, right? No. They can float at anytime.  It is just another type of exchange rate regime.  Currently, they are pegged to the dollar.

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Pimpy

Pimpy – Dinar Guru  …a lot of you finally calmed down over those articles about Iraq wanting to devalue their currency…I told you don’t worry about what the articles say, these are economists making suggestions.  We’ll see what they do.  What they do is different than what they say.  Just don’t pay attention to what they say (pay attention a little bit) but pay attention more to what they do.  With the price of oil going up this makes it less likely that they’ll need to devalue the dollars.  So stability, oil prices going up, the completion of the ministerial cabinet – it’s looking really really good.

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Delta

Delta – Dinar Guru   …It’s a very high possibility that we might really see something from the Central Bank of Iraq this week…all the media is reporting right now in Iraq, they have so many newspapers, so many live TV, so many people just talking about the subject – printing money, exchange rate.  This is the first time…they’re talking about an exchange rate…before we used to dream about them talking about this…we don’t know the rate.  We don’t know the date.  But this is coming from Iraq all over the news.  They’re talking about exchange rate.  They’re talking about printing money…everybody is happy internationally.  Everybody is supporting the new Prime Minister…the World Bank…the first time they are basically supporting the financial reforms, the economic reforms – anything that has to do with money…they’re backing up this new Prime Minister 100%.  This is just unbelievable news…any nanosecond we could see the rate changing

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Pimpy

Pimpy – Dinar Guru   …There’s an article that stated that they were thinking about devaluing the Iraqi dinar so instead of getting 1190 dinar for every dollar you’ll get somewhere between 1200 to 1400 dinar for every dollar That’s going in the opposite direction of where we wanted to go…this is just economists.  That’s all they are.  These are economists making recommendations … it doesn’t make any sense to me. I’m not an economist don’t get me wrong but at the same token it doesn’t make sense to me…if there’s truly a shortage of Iraqi dinars in Iraq wouldn’t it make sense then to increase the value of the dinars?  This would get people who are holding dinar to turn their dinar over then these would come back into Iraq…increasing the rate makes more sense… [Post 1 of 2]

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Pimpy

Pimpy – Dinar Guru   I had a feeling…that there would be a lot of discouraging news about the dinar that would come out first before the actual action of the dinar and this seems to be part of that news.  And don’t be surprised if we don’t get more.  I really think there’s a bigger picture coming…we don’t care about what they say, we care about what they do...People are saying, well how do you feel?  You panicking?  No, I’m not.  Even if the rate did decrease for whatever reason…to me that’s nothing…I preach this all the time, buy on the dip…if they lower that just means I get more dinar for my dollar…  [Post 2 of 2]

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MilitiaMan

MilitiaMan – Dinar Guru   Article:  “…Al-Kazemi intends to replace most of the heads of the 25 independent bodies”   … I am seriously liking this new PM more and more and apparently the citizens do too! Open the files and let’s see who is who and what changes were made or are to come…I would like to see the Governor of the Central Bank make an announcement this weekend! imo!

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Dinar Investor – Jeff

Dinar Investor – Jeff   what Kuwait and China syndrome means is that shortly before both Kuwait and China came out changing their rates…they publicly released information saying they have no intentions of changing our rate.  A few days later they actually changed the rateYesterday they [Iraq] put out an article saying yeah we’re actually going to reduce our exchange rate and print and release new currency while reducing the exchange rate.  That has BS written all over it…they’re trying to mislead you…last year they said they want to release coins and increase our exchange rate.  They are doing what they can to confuse and mislead you…

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Mike Cottrell

Mike Cottrell – Dinar Guru   people ask me when is the RV going to happen …I do not know …There is no way this reset is not going to happen…watch the G-20…when the G-20 make a decree that China and the communist party owes us for all the death and trauma caused in the world and to all countries. I think that is when we will see the rollover/reset happen. If not before…

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Mountain Goat

Mountain Goat – Dinar Guru   …I am hearing some wonderful news now from parliamentary finance committee almost demanding the project to delete the zeros and the full implementation of Article 8 under the IMF monetary policy for member nations. Again they are questioning what is taking the CBI so long to get this done and they want it now…So here is my new reinstatement window:  When we begin to see more and more of the protestor demands being met by the new prime minister Al-Kazemi. Also the CBI will be giving a statement shortly on the update of the project to delete the zeros. I am told by my CBI contact they are about to do this soon. So let’s wait and see what the official CBI statement is. We already know the Finance committee is demanding the completion of the project and the end of the currency auctions. They want is done NOW!

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MilitiaMan

MilitiaMan – Dinar Guru   Article:  “The Central Bank of Iraq signs a banking arrangement document with the World Bank”   Quote:   “It is noteworthy that this program was developed by the World Bank in 2000, with the aim of building capacities and providing consulting and asset management services. Trillion dollars in sovereign assets.”   With this agreement will come the secondary markets imo.. Get ready world, IRAQ is about to show her wealth to the world... One that will be noticed be sure!!   She’ll be adding to that Trillion…To say the least.. imo.

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Dinar Investor – Jeff

Dinar Investor – Jeff  …they just have an explosion of economic articles.  They really didn’t talk about the economy this year at all until recently.  Until after last week.  That would tell you guys that there was a delay and it was the formation of the government.  They had to get the government done and formed…they have resumed back to where they were from last year.  Having an explosion of economic articles that pretty much tells us they’re done and ready to go.  They’re ready to move forward on this rate change…they can’t go any further now till the rate changes.

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Dinar Investor – Jeff

Dinar Investor – Jeff  …there’s a new pattern here that started since they finished the formation of the government.  Pence went straight into saying hey now it’s time for Iraq to get their reforms launched and implemented …they put their economics on hold for the formation of the government…now they’re going back and talking about it and they’re even getting back into the budget...they had to finish the government first and that there indeed was a delay…

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Mountain Goat

Mountain Goat – Dinar Guru   Article:  “THEBAN EXCLUDES THE ARRIVAL OF THE 2020 BUDGET TO THE HOUSE OF REPRESENTATIVES AFTER EID AL FITR”    Eid Al-Fitr is on 24-25 May 2020 so we probably will not get a budget to parliament anytime sooner than that.  Among everything that is going on with shortages of funding I doubt it VERY MUCH that the finance committee will want to finance the Project to Delete the Zeros at this time in 2020. This is based on past experience with the finance committee. Remember too, the revaluing the Iraqi currency is not going to solve all their problems and certainly can cause more problems if not handled correctly.

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Delta

Delta – Dinar Guru   Article:  “3 options top the measures to confront the economic crisis .. What is the story of private budgets?”  Quotes:   “There are measures that must be taken to face financial distress other than internal borrowing or prejudice the central bank’s reserves, noting that…among these options is a price change…Exchange and stopping imports, in addition to stopping the currency auction and other economic measures.”;  “...accelerate the transmission of the budget in a way that reduces the deficit by reducing costs or by changing the exchange rate.”   …ANOTHER BOMB ARTICLE…IMO…GET READY…PM SAID 48 HOURS…HALF IS GONE

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Dinar Investor – Jeff

Dinar Investor – Jeff    Article “Parliamentary committee determine options to address financial distress“. Quote “…noting among these options is changing the exchange rate…and stopping the currency auctions…he called on the government to accelerate the transition of the budget in a way that reduces the deficit by reducing costs by changing the exchange rate…”  So there you go.  They said reducing cost by changing the exchange rate.  That means increasing purchasing power…they’re back to where they were…since they did finish the formation of the government talking about increasing their exchange rate, promoting investment, launching their private sector, implementing and launching the reforms…everything’s looking very good.  We’re patiently waiting…

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Pimpy

Pimpy – Dinar Guru   What’s going on Iraq to change the dinar rate???  We’ve been here before and they’re talking about it again…a lot of you already know about this chitter-chatter…  Article: “Parliamentary Committee determine options to address financial distress”.   Quote:  “...among these options is changing the exchange rate.”  I know you’re doing the pee-pee dance because I was doing it too when I saw this…here we go again.  Last March they talked about how they’re gonna change the rate and then all KaKa pee-pee broke out and it didn’t happen…this has been going on for a little while but it’s nice to see them talking about it.  We’ve all been feeling this weird vibe that something’s gonna happen this year.  We don’t want to jinx it so think positive…it’s gonna happen.  We know it’s going to happen.  [post 1 of 2]

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Pimpy

Pimpy – Dinar Guru      We don’t know what rate it’s gonna  be… I still think the sweet spot is between $1.13 and a $1.34.  Don’t get me wrong I’ll take higher than that but it makes sense to me in order for Iraq to rebuild and be competitive a rate of around $1.34 makes way more sense…Let’s stay grounded.  We’re looking good.  I think we’re in a good position.  It looks like it’s finally gonna happen…Again first round of drinks on me – Vegas.   [post 2 of 2]

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MilitiaMan

MilitiaMan – Dinar Guru   Article:  “Al-Kazemi plans to hold an expanded meeting to discuss the implications of the economic crisis”   Quote:  “…in the coming days for the purpose of issuing a package of economic reforms, foremost of which is bringing capital...”  They sure look like they are on the ROAD MAP to go international. Opening the doors to capital

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Mountain Goat

Mountain Goat – Dinar Guru   Last week was amazing for nothing but optimistic news about Iraq. As I said before that once the good government is in place and oil prices rise we are going to see Iraq take off.

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MilitiaMan

MilitiaMan – Dinar Guru  Article: “The economic crisis” at the table of Al-Kazemi and the World Bank”  The World Bank and the IMF have been very vocal lately about immediate solutions and if there was a time to allow currencies into the SDR, the time is now as they put it. The last is based off their words last week real close. Iraq was the stage of some very important meetings and I suspect the members were asked if they were ready to facilitate Iraq into a social market economy. By the sounds of the way the USA and Iraq are mirroring each other financially and politically, shows we are in sync and the time has come to take Iraq in into the international world! Very powerful times we are in and witnessing! Here the…new PM again is hitting the ground running with the World Bank again… Wow…

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Pimpy

Pimpy – Dinar Guru   Article:   “Trump to Al-Kazemi: Iraq is a strong and important country ready to support its economy“.  Wow…what are some of the ways Trump can help Al-Kazemi support its economy over there in Iraq Yep, you guys are thinking the same thing I am.  Change the rate…I’m telling you I’ve been doing the pee-pee dance a little bit on this.  It’s a lot of activity.  A lot of talk about the economy.  I think if Trump really wants to keep Iraq in his good graces as well as the American people he’ll just go ahead and change the rate.  This will kill three birds with one stone.  1.  It will kick-start the economy over here in the United States.  2.  It would kick start the economy around the world because so many people hold on to the Iraqi dinar.  3. It would help out the Iraqi people greatlyI like the fact there’s a lot of activity going on between Trump, Mike Pompeo, the UN as well as Iraq.  This is big

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