Dinar Observer Daily

Dinar News Flash –   It appears Iraq has a new Prime Minister.  It appears this is NOT official.  News and intel reports have been all over the place.  Two names (there may even be a third) have come into focus… Ali Al-Shukri…who seems to be the protestors pick and Muhammad Allawi…favored by the Iranian faction of the GOI government.  Obviously, this is an critical juncture for Iraq and the dinar.  A lot is at stake.  Which side is going to win Iraq?  Stay tuned as the dust settles.

Delta – Dinar Guru   Article:  “Legal Spotlights on the Central Bank’s Independence from the Executive Authority – A Comparative Analytical Study”    Quote:  “CBI is in the process of drawing up and implementing monetary policy”   MORE CONFIRMATION CBI ON THE VERGE OF…YOU KNOW..MUSIC TO MY EARS.

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Chattels – Dinar Guru   Article:  “Baghdad / Nina / Legal expert Tariq Harb confirmed that: Dr. Ali Al-Shukri is just around the corner from the title of His Excellency the Prime Minister-designate .”    Will it be Ali Al-Shukri or Muhammad Allawi ?

Frank26 – Dinar Guru   …IMO Iraq is asking the President of the United States of America two things.  Keep your troops here and protect us.  Build more bases if you have to and the other thing Mr. President, raise the value of our currency…

Dinar Investor – Jeff    Article “Urgent: Barham Salih commissioned Muhammad Tawfiq Allawi as Prime Minister”  So there you go Muhammad Tawfiq is the new Prime Minister of Iraq…

BGG ~ I’m not sure we’re quite to that point yet, but close…

Chattels – Dinar Guru    Still reading about Muhammad Allawi. We shall see whether he accepts the appointment / nomination and whether he ultimately has the confidence of the protesters and Parliament.

Footforward – Dinar Guru   Article:   “President @BarhamSalih designates Mohamed Tawfiq Allawi as prime minister, in a meeting that ended a while ago at the presidential palace”   I’m hoping this is true, but I’m getting conflicting reports from different sources.

Frank26 – Dinar Guru  …IMO the President of the United Stats has told the Central Bank of Iraq, now on this date stop the auctions…

MilitiaMan – Dinar Guru  Article:  “Parliamentary investment: the 2020 budget will be operational after the agreement with China”   The 2019 Financial Management Law Amendment will open the door for China and they have played their Trump Card to get it done too… Imo!

MilitiaMan – Dinar Guru    “Religious reference to Trump: The Iraqi government is transferring hard currencies to Iran … We ask you to protect our money”  Did DJT get the letter above and give an “insistence” to make sure their money is safe and sound!?  Re – Instating their currency will be a safety measure, as it protects the wealth of the nation, right?    We shall see and I suspect that time now is ripe for them to be prepared to report what they may have done or will have done in due course.   The articles suggest they are ready to give the 2020 budget draft to the parliament. Well imo not to break the good news to ya’ll on that, but, the 2019 Financial Management Law Amendment will need to precede that…imo.  That is where what it all revolves around and that is about the mechanism that is in or is the 2019 FML amendment! Just as the protection of their money does… They have been protecting the information in the 2019 FML for a very long time. imo.

Mountain Goat – Dinar Guru    Article:  “CURRENT 2020 BUDGET IS READY IN THE MINISTRY OF FINANCE. THE BUDGET WAS APPROVED BY THE CABINET BEFORE THE RESIGNATION OF THE GOVERNMENT”    So here it is again in yet another article. The 2020 budget was ready when Mahdi resigned. So why didn’t he pass it on to parliament prior to resigning?  We know why and its because he wanted to create this budget crisis and hold up progress.

BGG ~ I think not.

MilitiaMan – Dinar Guru    Article:  “Al-Fateh reveals an intention to elect the Prime Minister directly from the people”  This is why imo there is no hold up with the PM in regards to monetary reforms. The caretaker government is in place and can facilitate the  2019 FML Amendment that was completed long before and even prior to the resignation of Mahdi! The elites and educated know this and will massage things in order to get a non dialectic Prime Minister. The Monetary Reforms will need to be met regardless now with the liquidity issues they’ll be facing shortly if not already now. Imo.

MilitiaMan – Dinar Guru   Article:  “Deputy: The budget law will arrive in the coming hours in parliament”   There is a difference between the 2020 Budget Law and the 2019 FML Amendment.   Imo This is for and is to be used for after the exposure of the 2019 FML Amendment which will be the mechanism for international trade. In other words, our expectations will be met prior to ever opening the doors internationally. Here again it is said days before Mahdi resigned that the 2020 Budget law was signed before Mahdi resigned.. The powers that be behind the scenes know full well how the system works and have been prepared and on top of things even with all the antics thrown at them by the corrupt…

MilitiaMan – Dinar Guru   …they will have to report at some point the rate for January, as that is a transparency issue for the world at large. A key indicator is that they massively reduced the note count and have populated the banks with new small category notes And fils now from what we here.  What the data to me supports is that the credit transfers ceasing in the end September 2019, the loan modifications happening just a month later real close and the present the lack of some reporting by the CBI now of critical items aforementioned earlier (Nov 30) shows me the CBI has openly shown us that a significant rate change is coming soon!! …In the end the evidence from the CBI supports imo, we are going to see them paid…Report and internationally accepted rate and have it reported by 01/31/2020, in my honest opinion that is 100% now, aside from an act of God … and the CBI does exactly as they have shown they are doing!   [post 2 of 2]

MilitiaMan – Dinar Guru   Today we see an article about a company in Mosul having 10 offices to exchange again after many years both inside and out outside Iraq!  They will need to be able to do so now, as this month’s exchange rate will need to be reported accordingly in regard to a rate!   Imo The CBI published a rate for year end Dec 2019 at 1182 on December 31. They have not as of yesterday updated the data for Dec 2019 as they did for November 2019 for things like the reduction of money, the amount of money to commercial banks, yet.  We know they modified those latter two on November 30th and published the modification on 12/08/2019…So it appears they are holding back reporting of those crucial numbers for a reason. Imo That is possibly because they can and will if need be for sensitivity related issues, such as a rate disclosure or exposure of any, and the timing of it or them accordingly, will be kept quiet until the very end. [post 1 of 2]

Kaperoni – Dinar Guru   …Guru Mtn Goat seems to think the CBI has issued a 100k dinar note. The CBI specifically stated several months ago their was no need for such a note and I have not heard or seen one in the public or press…

Frank26 – Dinar Guru    Now due to the article about many being arrested from the CBI this situation called the monetary reform it has turned into, insistence!   It has turned into an insistence!   NOW! President Trump is putting pressure on them like you have no idea…

Mountain Goat – Dinar Guru   …I want to caution everyone in believing that Iraq needs a robust economy or that they need a partial or total reconstruction of their country to reinstate their currency…These ideas of needing a robust economy and a reconstructed Iraq is NOT the case. In fact, it is just the opposite. Iraq will need the funds from the reinstatement and the currency to attract investors and the funding for the reconstruction effort…Why in hell are we seeing all of a sudden, the US pushing to get rid of the Iranian influence and all its corrupt politicians from Iraq.  Folks – it is time for the reinstatement and the US must secure its investment along with China. The CBI is ready and the world is ready for Iraq. It is time….

Mountain Goat – Dinar Guru   However, the banks could not circulate these 50k and 100k notes and they are meant only for “inter-banking” transactions ONLY. In other words, they do not go out to the general public and are ONLY to be used within the banks. Why would they need such large denominations? They need them now because they are getting ready for the “international Monetary Exchange” between countries.  If they are going to shut off currency auctions and use strictly Iraqi dinar, they will need these much larger denominations. …This is part of the overall monetary reform plan…No, we didn’t get our reinstatement yet but we did get this VERY good news this week. Things are still moving ahead and will continue until the day they pull the trigger.  [post 2 of 2]

Mountain Goat – Dinar Guru     There is some good news this week. …when the banks turn in the larger 3 zero notes they get a “credit” from the CBI. This means the CBI owes them the sum of the balance of what they just turned in…So, this week the CBI started issuing 50k and 100k notes to the banks to satisfy these credits. Folks this is…really fantastic news for us.  If you remember the 50k notes were already issued way back in 2003 but were quickly recalled since they did not serve their purpose at that time. Next remember we have been told many times that these larger 3 zero notes will “coincide” with the smaller category notes. So, these 50k and 100k notes fit right into what the CBI has been telling us all along. The best part of this story is they are NOW doing it. WOW!  Are they getting ready for something? [post 1 of 2]

Dinar Investor – Jeff   It only cost Iraq $15 to extract oil out of the ground.  Fifteen bucks for a barrel of oil and they’re turning around selling  it…around $65 a barrel…their deficit is under control…so we’re looking good…

Kaperoni‏ – Dinar Guru    …The auctions are still a problem and must continue for now to maintain stability of the exchange rate. The daily currency auctions cannot end until the CBI accepts IMF Article VIII and begins floating the dinar.

Dinar Investor – Jeff    …Parliament is going to be implementing about a month and a half long recess so they’ll probably resume somewhere around early March…IMO I feel that what that is telling us is that they are not or can not even start the approval process of the budget until after the rate has changed…everything within Iraq right now is waiting on the rate change.  The budget is waiting on the rate change now.  All of the demonstrators demands are waiting on the rate change.  Everything they did through the entire freaking year of ’19 is waiting on the rate change.  Guys it does not get any better than that.  We’re looking good…

Mountain Goat – Dinar Guru   …I know for a FACT that the corruption in Iraq has to be curbed in order for the reinstatement to take place. They need a stable government and to ensure the wealth of Iraq stays within Iraq…   I…told everyone that my last talk with the CBI said that they were still moving along with the “project to delete the zeros” in spite of the turmoil with the government. Remember there are two parallel paths moving along. One path is the financial reforms of the CBI and the other is what the government has to do to support it. The path of the government is along the lines of security and stability. So, do you really think Iraq has a stable government right now? …This could suddenly change but not yet. I know many of you are expecting me to give some sort of new timeline today but…I can not give a timeline since the prime minister first has to be nominated and then ratified in parliament. Once this is done, I will contact the CBI and see what I can find out. Now you know they will never give me an exact time but they do give me information that leads me to conclude what they might be up to. So, we sit and wait.

Adam Montana – Dinar Guru   POP QUIZ TIME!  Who is the Prime Minister of Iraq?  (Insert Jeopardy music…)  Ok, time’s up. The answer is: Abdul Mahdi!  …Yep, Abdul Mahdi. The same guy that was supposed to be replaced. Then the President of Iraq was also going to resign, and there was 15 days to resolve it all…Mahdi, who should have been replaced by now, is not looking like a PM that is on the way out! As a matter of fact…it looks to me like the whole resignation thing is almost blown over and forgotten. Maybe that was the plan from the beginning, or maybe it just worked out that way, but I stated back in November that I like Mahdi in his role. If he does indeed end up staying – and continues to actually govern…he’s still a good person for that role, very capable of orchestrating the situation we need for a successful RV…closer and closer we inch, every single day!…

Mountain Goat – Dinar Guru   Article quote:  “Iraqi politician and former Nineveh governor, Atheel al-Nujaifi, indicated on Sunday that SAVING IRAQ FROM ECONOMIC SANCTIONS is the people’s first demand.”  …Iraq really does not want to go down this road of sanctions again. They have experienced this before and it is not good. Of course the pro-Iranian politicians don’t give a shit and would allow this to occur. This would be feeding right into what they want for Iraq. They do not want Iraq to prosper. They want to continue the currency auctions indefinitely and this is why it is so hard to stop them. Once this Iranian power hold is gone we will see the reinstatement occur very quickly. It is now happening.

Dinar Investor – Jeff    …everything is looking really good.  Iraq just keeps showing us with more additional news frequently that they’ve got to get that rate changed.  Everything looks good for us.  We’re on the right track.  A little more time needed of course.  You guys know that the number one thing that I personally feel we’re waiting on from facts is just the 2020 budget.  They’ll probably only need about two months to get the budget done and approved…they’re hiding it from us.  They don’t want us to see it because it’s a very important key piece to the puzzle.  IMO it’s the last piece of the puzzle right now.  Let’s see what happens…

Chattels – Dinar Guru  The much talked about 35 billion of Iraq’s money held in the USA and the subject of a recent tweet by President Trump is likely the Development Fund for Iraq (DFI) in Federal Bank’s New York branch. These are dollars from the sale of Iraqi oil, IMO.

Dinar Investor – Jeff   …the dinar that we the investors hold will go from our banks back to our US Treasury and be put into our reserves, just to back the value of the US dollar…the dinar that’s outside of Iraq, the Central Bank doesn’t care about that.  Plus the dinar is not currently internationally recognized at this time.  You can’t use it outside of Iraq…the dinar that’s outside of Iraq will go back to each country’s central bank and become a reserve foreign currency to that’s country’s central bank…Iraq does not have a lot of dinar in circulation.  Because again it’s useless outside their country…this was all put together by design.