Dinar Observer Daily

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]

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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.

Dinar Investor – Jeff  …this was submitted to the US Treasury under the Freedom of Information Act.  We had asked them how much Iraq dinar does the US Federal Reserve Treasury hold within its reserves?  They had responded back to our request…They said in excess of 20 Trillion Iraqi dinar…

Kaperoni – Dinar Guru   [Iraq’s currency regained its footing after a few shaky days last week.  IQD/USD back to pre-crisis level at banks and money changers.  Thus far extent of capital flight seems limited- a good development for Iraqi people if it holds.]  Yes, back in compliance.  But will this period require another 90 days?

Chattels – Dinar Guru    Trump said: “We have a lot of their money. There is $ 35 billion in an account.”   My read / take is that Trump said that there is 35 billion dollars in an account belonging to Iraq. That does not mean to me that there is 35 trillion IQD in an account.

Dinar Investor – Jeff    Article “Deputy:  The vote on amending the Financial Management Law will address the problem of the delay in approving the budge“. …they’re basically telling you right now that they amended to finalize the Financial Management Law…What they’re telling you is that the 2020 budget is most likely going to be applied to international currency so it has to adhere to international standards…they’re telling you Iraq is going international with this 2020 budget…

MilitiaMan – Dinar Guru    The  table is about to be set. Trade deal inked with Iraq and China already, then the Cookie gets Icing next week with the USA and China trade deal too. I don’t know for sure, but I have a strong feeling there is no coincidence’s about these to events taking place now.  Even the CBI has told us they reduced the note count, they even show in their spread sheets on the Arabic side (per Delta) that they have paid for the recent new printing of money to the tune of approximately $190 million +- over the last year or so. There were and are videos…that showed the process of what they are doing with the large notes. They were and may still be destroying them…In the video they were not showing worn and torn notes. They were showing good quality 25k notes and in very large quantities. The CBI website shows in the Charts the reduction. Charts on that site are for international use and they are extremely accurate for many reasons too. 

Dinar News Flash –   For the second time in a week President Trump speaks about Iraq.  In last night’s interview President Trump was asked, “Do you think Iraq should repay the American taxpayers for these bases…for what we’ve done there?”  His answer was very surprising.  President Trump revealed how much of Iraq’s money the U.S. holds in an account.   You can watch the interview above…the question begins at the 14:22 mark.  Stay tuned as the gurus chime in on this very interesting revelation.  The latest guru posts will continue below…

Dinar Investor – Jeff     …they keep telling you a lot of post rate change items are inside the 2020 budget which links the 2020 budget to the rate change.  Now I want to stress to you budgets do not contain rates…they’re linked to the rate.  The difference is if the 2020 budget was calculated at the old value it’s calculated in trillions of dinar.  If the 2020 budget was calculated at the rate change it would be calculated in billions of dinar hence the deletion of the zeros transitioning from trillions to billions…

Chattels – Dinar Guru  While I remain hopeful that some day there will be an increase in the value of the dinar, I am not optimistic in the near term. My usual optimism in the first quarter is suppressed by the same old issues and now the threat of war and / or economic sanctions…

MilitiaMan – Dinar Guru   Yesterday, the CBI Governor, ITB, Finance Minister, etc., told us they were going to protect the currency internally and externally.  That is meaning to me, they have the mechanisms in place to do so. One mechanism would be to stop the MCPs and raising the rate of the IQD.  The supply and demand will equalize over time, it may only take a couple weeks once they do? Regardless, that sort of support is a requirement by the IMF for completion and ascension into a market economy, imo. Iraq has been given orders to complete the MR process and they clearly are making that very apparent…that is exactly what they are doing!!! imo.

Dinar Investor – Jeff   …let’s look at their patterns…back on Sunday Iraq’s parliament, which was a majority Shia, passed and approved a new law to remove foreign military…all that news from both direction saying that the US had to go and the US was gonna sanction Iraq was all lies and BS…What is significant about that?  This is called China syndrome.  Back when China had intentions of changing their rate they had put an ad in the media saying ‘we have no intentions of changing our rate.’  Then about 3 days later… they did change the rate…10 years I’ve been in this investment …this is the largest amount of misleading information or lies in their media that I’ve seen in the shortest period of time and IMO they’re doing this because…the whole rate change is a classified event.  They don’t want us to know about it…

MilitiaMan – Dinar Guru   The timing of this is so very clear to be in our faces now that they have to reinstate the IQD internationally. They have no choice in the matter, now. … small categories notes will be used in place of the trip zero notes with much more value associated with them, as noted by the need for coins. The small and large notes will co exist with the remaining straggler notes for years to come.  …I am smiling large!! You should all be too, as in light of the military actions we have witnessed, they are still moving ahead and finishing the delete the zeros project and apparently it is in full effect now. imo.   [post 3 of 3]

MilitiaMan – Dinar Guru   We hear from a source…that citizen in Iraq is hearing directly from a Bank in Baghdad and at the head of a large department level are now making the citizens aware of  the banks now having been populated with new small category notes and coins (fils), and are to be distributed at the citizen level soon. This article above in my opinion supports that data, as tools or mechanisms if you will, are in fact in part a median of exchange to facilitate the transition from large to small on the street.. Small notes and coins are tools.. imo  [post 2 of 3]

MilitiaMan – Dinar Guru   Article:  “The finance comittee reveals the mechanism for paying Iraqi debts .. And the Central reveals its policy to control the exchange rate”   The fact that they are now openly talking about the tools (mechanisms) are in place to permanently correct the course of Iraq’s monetary policy…is huge and very welcoming for us all. …in respect to the conditions they are now in [militarily], they are still moving forward and head on with the monetary policy to control the exchange rate. Once they stop the auctions they will not have any other Multi Currency Practices (MCPs) to deal with. IMF requirement…The dinar exchange rate will be devoid of them (mcp) when fully article 8 and out of sanctions and thus, the world can freely trade internationally in IQD. [post 1 of 3]

Mountain Goat – Dinar Guru   …Believe me that this mission to rid Iraq of the Iranian overpowering influence has been planned since 2017, if not even before. What they needed was an opportunity to begin execution of the plan. These current events are not just happening but rather they are well thought out. It is all planned out…The US is NOT going to pullout of Iraq. We tried this already and we know Iraq is not yet ready for this…Once the currency auctions end in Iraq, and they will end, Iraq will move on. WE will go to the bank and exchange our dinar…

Kaperoni – Dinar Guru   So is there a way to fudge the numbers when you fall out of compliance [on the 2% rule]?   Who knows but the CBI does report the auction exchange rates in their spreadsheets which ultimately end up in their reports to the IMF. The bottom line is if  stability is an issue I doubt the IMF would accept them into Article VIII. And if anyone questions the validity of such a rule all I have to do is go and look at the Article IV Consultations between the IMF and the Central Bank of Iraq to see that it is very clearly documented as a requirement.

Adam Montana – Dinar Guru   The “2% compliance” deal is good to see, but it’s not mandatory for an RV. Consider the organization that “requires” 2% compliance… the theory falls apart after that.  Iraq can go 500% out of compliance and push the RV button if they want. So long as the CBI is backing the rate, it will fly.

Mountain Goat – Dinar Guru   Article:  “IRANIAN DOMINANCE OF IRAQ HAVE BEEN PROVEN TRUE”  I have been telling everyone for years that the Iranian influence would have to be challenged and it is the problem of corruption in Iraq as to why our investment in the dinar is not going anywhere. So now we are seeing it all playing out. This is the bad news but the good news is it is now being challenged (the timing of it) and this had to occur to get to it (got to go through it to get to it) . Look at the bright side – it could be even worse as we could be waiting yet another decade for this challenge to even take place but it is happening right now. The Trump administration is getting it done and now is the time… 

Adam Montana – Dinar Guru   Like it or not, the United States just influenced the timing and chances of a near future revalue on the Iraqi currency…but I don’t believe the current events have altered the destination at all. In fact, the attack on Iranian terrorist Suleimani …is likely in favor of a quicker path to an RV. …it is going to be a bumpy ride, but it won’t last forever. When it’s over, I believe we will be in a far more favorable position to see the Iraqi currency skyrocket. Yes, I said that word: Skyrocket…we are indeed in the middle of a very tense and hectic time…buckle up, hang tight, and be ready. [post 2 of 2]