Mountain Goat – Dinar Guru The currency auctions breed corruption and is one of the many sources of massive corruption of all this oil money and wealth of Iraq. Many skeptics still say that there is going to be a lop …this could not possibly be a lop and why this is the basis for us making millions if not billions off this as a long-term investment. ...Don’t buy into this investment if you are wimp and can’t stand the pain of the constant stream of good news then bad news from the Central Bank of Iraq. Since my initial investment in the dinar in 2006 I have learned so much. I would not still be here if I did not have total faith that someday this currency will revalue by having the OFAC sanctions lifted.
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Mountain Goat – Dinar Guru Article: “October 3, 2012 MIDEAST MONEY” …Is the Iraqi dinar legitimate currency of [or?] just exotic collectors item? We know from this article from 2012 that the dinar is in FACT a real currency and is being used inside Iraq as their currency right now. But in 2004, upon its inception, it was not meant to be a permanent currency. …there were many reasons for issuing it. Are these reasons now still legitimate reasons. NO! These reasons are no longer valid and these large 3 zero notes have outlived their usefulness. In fact they are long due to be replaced with normal denominations.
Dinar Investor – Jeff Article “Trump envoy visits Baghdad and Erbil” ...as you know the Trump administration is in charge. The U.S. is the only group or entity that pours trillions of dollars into Iraq without writing loans…the only time the IMF or World Bank ever gave money to Iraq was in the form of a loan. In the past many gurus have come out and said that ‘oh the IMF or the World Bank gave the green light.’ Guess what? They’re not in charge. Trump is in charge of the timing. It’s that simple. That’s why recently Pence was there. Now there’s another Trump envoy there…
Mountain Goat – Dinar Guru Article: “October 3, 2012 MIDEAST MONEY” Quote: “IN THE LONG TERM, THE CENTRAL BANK AIMS TO MAKE 1 DINAR EQUAL TO $1 with a combination of redenomination and appreciation, ALTHOUGH THAT WILL TAKE OVER THREE YEARS BECAUSE OF INSTABILITY in the Middle East” (Note: date of article…is from 2012) I want everyone to know that I am not advising you to invest or not to invest in the Iraqi dinar. I am only presenting an article with my opinion based on what they are telling us from Iraq. It’s 2019 and the dinar is still NOT freely traded by banks outside IRAQ. It has been over 3 years already [more like 7 years] and still no RV. Is it time for this to happen. …I feel these demonstrations may be the key to forcing this change finally to happen. It is not a matter of having the value to support $1.00 or even $3.00. It is instead a matter of ending the corruption and getting the political will to just do it.
Breitling – Dinar Guru …are you ready? Meaning, when you go to exchange your currency that’s a taxable event. You’re gonna get hit and you haven’t even bought anything yet. You go buy a home, you’re gonna get taxed again. That’s a taxable event. You go buy a nice car, that’s a taxable event. You go buy some nice property after you buy your home…that’s a taxable event…That’s what I’m worried about. I’m not worried about it revaluing. I never was worried about it revaluing…we know exactly what’s going on based on geopolitical strategy and the cause and effect of what goes on in-between. It’s a fantastic opportunity you and I have but you better be prepared tax wise...
Adam Montana – Dinar Guru We are currently looking at some interesting Budget possibilities, pressure on pushing HCL forward, and more. All good stuff!
Dinar Investor – Jeff Document “The Exchange Rate of Foreign Currency in Economic Feasibility Studies 12/4/2019“. Quote: “3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.”
Mountain Goat – Dinar Guru 2) Ending the corruption and curving the Iranian influence out of Iraqi politics. Since just about every high ranking govt official is involved in one way or another in corruption…They must do something and do it now with the pressures from the protestors. First get something to the protestors that is concrete and they can see the difference. …You all should be VERY, VERY HAPPY at these current events and how this can lead to us finally getting our pot of gold at the end of the rainbow. Remember I said “there is always that pot of gold at the end of the rainbow only you can’t yet see the rainbow until the storm ends”. What did the Iraq news say to use recently? It said the “storm has ended” and so we are now just waiting for the rainbow to appear… [post 2 of 2]
Mountain Goat – Dinar Guru …the news from Iraq is all about two things: 1) News from the CBI telling its member banks to stop all financing and loan contracts from Dec 1, 2019 to Jan 1, 2020…this is part of the revenue stream for banks so this is not an easy task to ask them to do for a month, unless it was important. So what does this mean? …the CBI has wanted to complete the “project to delete the zeros” and then reinstate the Iraqi dinar and that the best timeframe is do this at the beginning of each fiscal accounting year. JANUARY is the beginning of their fiscal year…All attempts so far have been made during this period. So…once again we have a target of now up to early January 2020 to expect this project to delete the zeros to move ahead again and get a rate change in Iraq… [post 1 of 2]
Breitling – Dinar Guru If you look at it in chronological order of what we’ve been watching, it’s such a beautiful thing! You should be very very happy. It’s a reality. It’s a huge huge pressure cooker for Iraq right now. So watch the conversations about the budgets. Watch what they’re talking about…when is the exact date of when it’s gonna happen? It doesn’t matter…they can’t depend on that $56 per barrel budget and whatever value they’re gonna add to the currency. In other words they’re gonna be forced to do it if they take too long…that’s not my opinion. That’s the language they’re throwing out there…I couldn’t be more excited…It’s a great position to be in. It’s fun to watch.
Frank26 – Dinar Guru …Ten articles from the CBI came out today. I told you they were going to talk. They were like parrots on steroids…the GOI is exploding in a manner that the citizens want and that would bring in the environment suitable for what the CBI is about to do…
Kaperoni – Dinar Guru So the protestors wanted PM Mahdi to resign…which he did, but the result will cause delays in reforms. New formation of GOI will take at least a few months, delays in passing laws also. The end result is a 6 month to 1 year delay in my opinion of implimenting economic reforms and creating a private sector. And as usual, parliament loves to have a distraction rather than focus on what they should be doing…which is passing laws…the facts don’t lie. Until the laws are passed and stability exists nobody is coming to invest. And until they have significant investment, the CBI will not begin currency reform.
MilitiaMan – Dinar Guru Article: “Al-Hadithi: The cabinet will send the budget law to parliament in the coming days” In essence imo this will expose the 2018-2019 (rider) that may have been or was used to keep the 2020 Budget under wraps to date… And this is all to happen within the coming days… So they say they need to do it quickly, as there is an existence of financial commitments that can not be stopped, thus, they merely suspended the financial commitments (loans/contracts) for the month ending 01/02/2020.
RVAlready – Dinar Guru Mahdi is gone now. The CBI should be able to do the RV. Then the new election law can be enacted, and the government replaced… I think this will happen quickly, for the protests demand it.
Dinar Investor – Jeff some of you might be concerned about the transitioning of the government…years ago the central bank laid out two things they needed to see…The security that was finished. The war. That was done in December of 2017. Second step was get rid of corruption officials. That already happened… IMO…they’re ready to go on changing the rate. But they still need to achieve stability…they have to set the stage going forward for transparency and accountability. That’s where the 2020 budget comes in…in my personal opinion the last step that I personally feel we’re waiting on is just the 2020 budget…Even after Mahdi resigns they’ll still have a caretaker government and the parliament will stay in place…
Adam Montana – Dinar Guru When the RV is announced, and it will be announced at some point, I have always felt like it would take the world by surprise. They aren’t going to give a “heads up”, they aren’t going to do anything to attract currency speculators. It’s going to happen suddenly…I doubt “this week” is when we will see the RV announced, but that may be exactly why it IS announced this week!…
MilitiaMan – Dinar Guru Pence has ushered in what appears to be the foundation for the final agreement set for tomorrow in Baghdad. Keep in mind the salaries that will need to be paid. We know they NSCN’s (lower denoms) will need a rate prior to using them. They are said to be populated throughout Iraq now, as told by Alak that funds have moved in armored trucks in the very recent past. The 28th is the last payday of the month. It makes more sense to to me to pay them in a new rate with nscn’s, than again paying them with a program rate. [post 2 of 2]
MilitiaMan – Dinar Guru Article: “Pence gave the green light to the Kurds on the sale of oil without involving Baghdad” I don’t believe this is an aside for not paying the 250,000 barrels a day to Baghdad. In fact it is above and beyond that amount that could be sold. This bodes very well for the Kurds and us as investors, as it will seal the agreement for the implementation of the 2019 Federal Budget Law that will usher in the 2020 Budget cycle to come (imo) that has the Kurdistan’s Regional share of it inside. [post 1 of 2]
Adam Montana – Dinar Guru The players and groups that have an interest in keeping the exchange rate as it is are not a huge group. The “bad” part of the Government of Iraq isn’t the majority…And it appears that change is happening now. Since early October, there have been serious protests in Iraq, and the pressure has resulted in Iraq moving towards some changes that (in hindsight) have been necessary this whole time. A few of the “bad guys” aren’t going to be happy, and they will put up some resistance still, but they will fall to the side and Iraq’s currency will not stay in the “XXXX:1” range. The question has always been “when”, not “if”. Over the recent years, Iraq has been at a tipping point. SO CLOSE, all the time! In hindsight, what was needed is obvious. And it’s happening right now. [post 4 of 4]
Adam Montana – Dinar Guru Political players and parties have been able to manipulate the status quo, and profit from it. I would say it’s fair to write down as fact that there are players in this situation that have worked specifically against the RV… because they were making money on the system as it was, and why would they change that?! Although tremendous ground has been covered in Iraq’s journey back to prosperity, there have been people and groups that had a vested interest in seeing Iraq maintain the status quo (no RV), and keep the people impoverished. Hope is not lost, though. Far from it, in fact! [post 3 of 4]
Adam Montana – Dinar Guru Then the country began to rebuild, …and eventually the world recognized their progress with the official lifting of Chapter 7 sanctions. More progress has been made, hurdles have been cleared, and Iraq is nowhere near what it was in 2003. All along the path of this rebuilding, we’ve been watching and waiting for a major change. Not that the change from 4000:1 to the current 1190:1 isn’t a “major change”…but it’s not the “major” change they are capable of. It’s not “the” change we are waiting for. It’s not the change that we know is coming. As we look back on the last decade plus, with the benefit of hindsight, it’s easy to see how and why they haven’t RV’d yet. It’s quite simple, really: [post 2 of 4]
Adam Montana – Dinar Guru I made a mention this week about Iraq being in a good place – my optimism continues. Every week, I read thousands of posts…This last week, I read one that hit me right in the chest… Quote: “… in hindsight, it makes perfect sense that we didn’t have an RV before the people forcefully demanded change.” …I can’t help but think how true it is. And how obvious! Iraq has made tons of progress. They were thrown into a dark hole when Saddam Hussein was removed. Their currency plummeted from a high value down to a lowly scrap… [post 1 of 4]
Francis Albert – Dinar Guru If I was on a game show, and had to, “had to” give an answer, I would say .86 open on Forex. Well, I would not cash at that, as I believe it would move from there somewhat bullishly. (is that a word?)
Kaperoni – Dinar Guru The IMF refers to Multiple Currency Practice in Iraq or (MCP). It has nothing to do with more than one currency. It has to do with the price of goods in various locations that exceed 2%. …Iraq will always have both the dollar and dinar because they sell oil. Meaning they will always have both currencies in the country. Many countries have more than one currency prevalent.
Don961 – Dinar Guru Article: “Prof.Dr. Mahmoud Mohammed Dagher: * It is the exchange rate, gentlemen” IMO…IN OTHER WORDS ACCORDING TO THE LAST STATEMENTS OF THE ASTUTE PROFESSOR… KEEPING THE EXCHANGE RATE ARTIFICIALLY LOW ONLY HURTS THE PURCHASING POWER OF LOWER INCOME CITIZENS IN ADDITIONAL HIDDEN WAYS .. SOOOO… IN LIGHT OF WHAT THE PROTESTORS ARE DEMANDING FOR DECENT JOBS, DECENT INCOMES AND DECENT LIVES…THE ALTERNATIVE WOULD LOGICALLY BE TO STRENGTHEN THAT RATE…INCREASE THAT PURCHASING POWER.
Mountain Goat – Dinar Guru So what do we do now as investors? We just follow the news coming out of Iraq. By knowing the process the CBI must go through to reinstate the dinar (they told us this process), we know what to look for and how to determine any significant progress in the process moving it forward…
Dinar Investor – Jeff …the citizens are not going to tolerate this much longer. There is a huge revelation in this…the government is showing you through the action with the demonstrators how their hands are just tied. There’s absolutely nothing that the government can do right now to satisfy the demonstrators. They’re showing you as clear as day. They have to change the rate fairly soon…fairly soon could mean over the next few months…they have to change the rate in a reasonable amount of time…I love the news it could not be any better…
Dinar Investor – Jeff …complete the 2020 budget. Then change the rate. Then implement the demonstrators demands. That’s how it has to happen. That’s what they’re telling you factually within the news. They have to do those steps…That’s where we’re at…we look amazing but the factual news from a truth poll perspective tells us that a little bit more time is needed…
Mountain Goat – Dinar Guru If any banks decide to sell or buy the dinar this is not “trading” the dinar…it is simply working under a “currency broker” license just like all the internet online brokers. So, let’s stop all this nonsense about the banks selling or buying the dinar under this capacity to justify telling everyone that the Iraqi dinar is now already “international”. It is not international until 1)it gets “reinstated” and 2) OFAC sanctions are lifted. These are two conditions we wait for as investors and we do not go to the bank until these two conditions are satisfied. …There is no other way around it! [post 2 or 2]