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 – 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.
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.
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!
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.
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.
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.
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.
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…
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.
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.
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…
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…
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…
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.
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
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!
Delta – Dinar Guru Article: “Exclusively For “Al-Ahed News” .. Allawi Has Completed The Government Formation And Will Announce It Within 72 Hours” Quote: “Prime Minister-designate Muhammad Allawi has completed the formation of his cabinet, and will be announced officially within 72 hours, no later than Tuesday.”
Kaperoni – Dinar Guru This is one of the good articles from a few months back… “A government decision to do the partnership with the private sector” “To implement vital projects that support the country’s economy” …there is a reason for all these talks about a private sector. That is the focus at this time to create this market economy private sector to put people to work, create business and attract investment and reduce dependence on oil. But more importantly is that this is required to create the conditions for the dinar to rise. Until they have a market economy/private sector there will be no change in the dinar... Iraq has work to do. Let’s hope they can pick up some momentum as the year progresses to get back on track.
Dinar Investor – Jeff …there’s things happening. IMO you’re seeing the last remaining variable happening in Iraq. Allawi’s trying to get his cabinet done…If you look at Iraq’s actions they’ve had demonstrations since October. They’ve told us that all the demonstrators demands which are reforms are inside the 2020 budget...those require the rate change before they can implement them. So what they are telling you is in order to satisfy the demonstrators demands they have to change the rate…the 2020 budget itself is married to the rate change…they cant’ start the budget approval process until after the rate has changed…
Kaperoni – Dinar Guru …they [Iraq] have to meet Article VIII compliance and they request the IMF accept them into Article VIII and more importantly, the IMF has to accept them. They have met some conditions yes…last I read, still one condition was outstanding but in any event, it does not mean they will move to Article VIII once in compliance because the IMF needs to agree. And I do not see that happening until Iraq gets back on track: new gov, cabinet, pass laws, stable, investors…lots to do. They need to create the conditions and right now, they are far from the right conditions. Until they get there act together and launch the private sector, there is no increase in the dinar…which could be months or years…up to them…I am hopeful though.
Mountain Goat – Dinar Guru …the designate PM is desperately attempting to get his government formally completed and ratified by parliament. He wants to get it right this year. Next he is going to try to ram-rod the 2020 budget with some changes to parliament and get is passed. Why is this so important for the RV? We know that the 2020 budget includes the reinstatement as there has been many scenarios played out by consultants hired the CBI to determine different “what if” scenarios for different rates. So we wait and watch for 2 things now: 1) getting the new prime minister ratified and his govt formed and 2) getting this damned budget to parliament and hopefully passed in record time. [post 2 of 2]
Mountain Goat – Dinar Guru So what we know right now is the CBI wants to continue with the project to delete the zeros but had to put it on hold since the beginning of the protestors. They told us they intended to complete it by year end. This verified once again that December and January are significant months for the CBI to complete this project. Many keep asking me if the project will still work outside of this Dec – Jan time frame. Yes it will but this is not the “optimum” time the CBI and the Finance Committee would like to do it…This week my CBI contact told me they had 2 important meetings and they were all about the project to delete the zeros. I am telling everyone that this project is VERY, VERY important for the 5 year plan of which was supposed to end in 2020. This project was (or still is) supposed to kick off the investment frenzy for Iraq by this time. So, we have now entered 2020 without it. So what? It is only mid-February and still they have not yet paid anything out this year. This is good and we can see are intentionally holding off. But this can only last so long. [post 1 of 2]
Kaperoni – Dinar Guru …MCP [MULTIPLE CURRENCY PRACTICES] has nothing to do with dual currencies…has to do with pricing…has to do with price of goods. MCP is the variation or price of goods from one currency to another…has nothing to do with dual currencies in a country. That will always exist in Iraq.
Mountain Goat – Dinar Guru Article: “L-KINDI NEWS: SALEH, AL-HALBUSI, AND AL-BARZANI ARE TOOLS TO IMPLEMENT THE NEW US PLANS IN IRAQ” …there is a US plan of Iraq and they are implementing it. This is how this entire protesting stuff started. It was the beginning of the end of the Iranian militias and politicians in Iraq. But it takes time and so be patient.
Kaperoni – Dinar Guru Currency auctions are based on a “balance” of dinar to dollars. In fact, the recent weeks have seen a significant increase in dollar sales, therefore the CBI has to inject dinar to balance it. That is why you also see an increase in recent weeks in the money supply of dinar...its the balance of the two that maintains the exchange rate and the stability of the spread is a IMF requirement. [ 2 percent 90 days yes] Yes, they are in compliance, but that is because they are maintaining a balance of dinar to dollar…so there is no way to significantly reduce the money supply (either dinar or dollars) under the current system. If they reduced the dollars, they could in theory also reduce the dinar but it must be a balance or the exchange rate and spread would change and if you reduced the dollars it would create issues since they need dollars for foreign exchange. It is complicated and their are many aspects you need to consider…it is not a simple, reduce the money and RV…
Mountain Goat – Dinar Guru …This reinstatement, would have and should have, already occurred by now. But we all know why it hasn’t…right? …the Trump administration is working very hard, with and within Iraq, to clean up this Iranian mess. They will succeed…There is a plan and they are moving forward aggressively.
Mountain Goat – Dinar Guru …If you have been following the news from Iraq you should clearly see that they are “fast-tracking” the new government and also getting the 2020 budget amended and passed on to parliament. Why is all this occurring so fast? For one it is the pressure from the protestors. Second it is the threat of going back in to UN sanctions chapter VII. Already UN security forces are in Iraq…But this is all very good for us…
Kaperoni – Dinar Guru … “Anybody who researches this investment will know the IMF is the trustee of the CBI. They took control in 2015. Therefore, and it is already been proven that the CBI does with the IMF tells them to do. So one only has to go read the Article IV consultation from a few years ago when Shabibi was preparing to transition. It is plan [plain ?] as day… 14. The de facto fixed exchange rate (that means peg) has served Iraq well. The authorities agreed that a stable nominal exchange rate provides a valuable anchor for inflation expectations in an uncertain environment, and intend to continue implementing this policy for the foreseeable future. In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy (they are talking about a float). Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low…It does not get any clearer than this direct from the IMF. Not only is this the plan but this conforms to monetary policy…”