Frank26 – Dinar Guru On the 30th, of December, lifted the 3 zeros electronically. What I’m about to share with you is public knowledge. Why doesn’t the Internet know? You…have the ability and privilege to receive our study from Walkingstick. Because Walkingstick is working with the Government of Iraq. On the 30th of Dec. 2018, WS firm received 240 contracts from the GOI. They started internally. 24 of them, have already been PAID. They were paid in IQD. The term of acceptance: 30 day contracts. Of the 240, 24 already paid in IQD. That’s exactly what Iraq has to do. I want you to know that these 240 contracts and the 24, they were paid at a rate of 1:1. Those contracts will start on January 13, 2019. Details on other firms is unknown to us. Believe they are similar and paid in IQD at 1:1.
RVAlready – Dinar Guru [So the budget being voted on tomorrow [Thursday]. Is that the news we’re waiting on for tomorrow or Friday?] We do not really care about their budget. The RV will happen independent of that. I think parliament is a smoke screen. Stuff in Iraq almost always comes from back room meetings. Sounds like cabinet will be announced tomorrow.
Adam Montana – Dinar Guru Yes, EVERYONE wins. Even the OPEC members that may have seemingly “lost” some revenue with their limited production agreement. The truth of that matter is that none of them are in the dark about the potential for Iraq to revalue. They all sit there,innocently and conveniently silent about Iraq’s exclusion from the agreement. Coincidence? I think not. In fact, this is the KEY. It’s staring the world in the face, and only a small group of us are even paying attention. I’m ok with that. HCL is still a pivotal issue, but there’s no point in finalizing the HCL until oil prices go back up. More good news – Iraq is in a very good position to implement HCL, so once we see this graph going up again…game on! [post 3 of 3]
Adam Montana – Dinar Guru The good and bad news is this – there are actions being taken to get the price of oil back up. …Now, think about this little tidbit…Iraq has “confirmed their commitment to participating” in the oil productions cuts. But, as a savvy reader who remembers the details, you also know that Iraq was not specifically included in the original OPEC agreement. Iraq is essentially standing on the sidelines, voicing support, encouraging the action… but reserving the right to step back from it and swoop in on some profits once they are there again, while everyone else frantically tries to organize a vote to release themselves from their self-imposed restrictions. At that point in time, Iraq will have all the time they need to successfully execute a couple days or even weeks of trading, exchanging currency with higher values and reaping profits on said exchanges, and everyone wins. [post 2 of 3]
Adam Montana – Dinar Guru I’m still pretty solid about 2019. In fact, I like it a lot. Not this week in particular, but in general – I think we’ve got a solid chance…this year! I’ve been keeping an eye on the situation for a few months now, waiting to see the trend I’m seeing right now. Waiting for all the pieces to come together. And I finally feel like it’s time to voice the following thoughts. We may all enjoy a lower pump price, but I guarantee you the Middle East and all our Texas oil boys don’t necessarily like them! That’s exactly why OPEC entered into a production limit agreement in the not-so-distant past…because supply and demand drives price. Oil is on sale right now, due to a very high supply, and I don’t think we’ll see an RV while the sale is on. It’s simply not in the CBI’s best interest to do so. [post 1 of 3]
Mountain Goat – Dinar Guru Article: “ALLOCATION OF 50 MILLION DINARS TO ARTICLE 140” So folks here it is again Article 140. Do you wonder why now and we project the CBI to reinstate by the end of January? Go figure Article 140 and HCL HOT in the news NOW! Don’t let anyone tell you these are not important to have the reinstatement of the dinar. The FACT is we were told many years ago that the new Iraqi constitution MUST be fully implemented to get the currency back online…So these are mandated by the constitution.
BGG – Newshound/Guru …Personally, I don’t care which way it starts – just as long as it gets going. …Regardless of which way it happens – if the value rises, we ALL WIN!!…
Kaperoni – Dinar Guru I believe Inflation in Iraq is under 2%. There are several reasons why the CBI should begin to raise the value…but only time will tell.
Kaperoni – Dinar Guru …BGG tries to discredit my recent float post by saying it is not supported by and CBI or other documentation. …wrong! In fact it is supported by the experts…the IMF. My comments are directly related to articles or documentation pertaining to general monetary policy issued by the IMF themselves.
BGG ~ So let’s review… I said – VERY PLAINLY…
…”BGG ~ This is Mike’s (Kaperoni) honest opinion. However, this is all it is – an opinion. In fact, it is an opinion not at all validated by documents produced by the CBI and the US Congress.”… (01-04-2019)
1) I was fairly direct in relaying this was an honest opinion. I did not denegrate him for it nor tell anyone he was “WRONG”!! (like Mike just did – me). Everyone is welcome to their opinion. Having an opinion doesn’t absolutely mean they are right or WRONG (yet). Nor did I say as much – I simply said neither the CBI or the SIGR Report confirmed such logic. In the end, we will see.
Personally, I don’t care which way it starts – just as long as it gets going. This business about arguing over who’s right and who’s wrong is silly. Regardless of which way it happens – if the value rises, we ALL WIN!!
2) I didn’t mention anything about the IMF. Sounds like someone is stretching my commentary to suit a narrative. I mentioned the CBI and referred to the SIGR Report only. All of their documentation is readily available. You be the judge. Fairly easy call.
Phillyman – Dinar Guru …Today we have another delay due to lack of quorum, this one to January 10. Some thought remaining positions would be filled, the 140 discussed, the 2019 budget discussed. I continue to listen to Breitling and believe in this investment…
RVAlready – Dinar Guru Article: “Jim Yong Kim steps down as President of World Bank” Wow. WB president steps down. No reason given. Never thought I would see this…Wonder who else will go between now and the RV/GCR.
Frank26 – Dinar Guru …NO ONE KNOWS THE DATE NOR RATE UNTIL THE CBI POSTS IT…
Mountain Goat – Dinar Guru Why do I keep saying “reinstate” instead of “revalue”? The CBI can’t revalue the dinar since it is not even yet on the global trading platforms. …We must go by pure definition of what being traded means…To be “traded” means that the dinar can be bought and sold on the “open” global currency exchanges like other currencies. It also means that investors in currencies such as hedge funds, investment brokerages, etc, etc can legally pick up the dinar and place them in portfolios such as 401k, retirement funds, mutual funds, etc…The CBI itself tells me they must first “reinstate’ the dinar and in this process they expect a significant rate change. This process stems around the “project to delete the zeros”. They tell me this project must coincide closely with the reinstatement process. This is what we watch and wait for not a revaluation.
Frank26 – Dinar Guru Article: “Iran is moving to remove zeros from its currency and curb inflation” [IMO this is a lop.] CORRECT…THE COMPLETE OPPOSITE OF IRAQ’S RI!!! THERE IS ALL THE REASON FOR THE IRANIAN RIAL TO LOP …AS THERE IS ALL REASON FOR THE IRAQI DINAR TO RD/RV/RI!!!
Walkingstick – Dinar Guru Article: “Iran is moving to remove zeros from its currency and curb inflation” Comparing, apples- oranges… There are no comparable factors between Iraq/ Iran and why they have opted to RD their currencies…. The manner in which it will be employed and or the expectation of results after the fact…In short: Irans reasoning/ necessity due to inflation spiraling out of control, approaching hyperinflation…A factor non existent in Iraq…
Adam Montana – Dinar Guru [Crude Oil Prices/Future to reach a critical threshold (whatever THAT is).] $55 is what I’m looking for, with $60 being in the red zone.
Mountain Goat – Dinar Guru …last summer we got the HCL passed and we were told full activation in Sept since the passing of the law stated Sept time frame for activation. But this of course was contingent upon something. This something we don’t know what it is…Then when Sept came we were told full activation in Feb 2019 along with the sovereign funds. So this is technically overdue. So what is this issue then that they keep delaying this? Could if the drop in the price of oil? Could it be they expecte to have the govt in place and the reconstruction moving along by now and thus also the currency restated? But since they still delay the govt this is delaying everything else?…
Breitling – Dinar Guru Iraq cannot function…they need $54 per barrel to survive…they’re telling us…in two years it’s going to be $25 per barrel. That means they’re in the negative. They need $54 to stay even. That’s just to make it. To survive…They are going to be below that by half…it makes me happy cause you and I are sitting on their currency. What are they going to do devalue it more? No. They are going to add value and you and I are sitting on it. You should be happy. It’s real…that’s the way it works. No body can get around this math…You have a hundred years of how countries devalued and valued their currencies and Iraq is no different. They are going to be forced to do it. Nothing can stop them from doing it. That’s what’s so neat about what’s coming up.
Mountain Goat – Dinar Guru Article Quote: “…al-Karbouli warned Thursday of dire consequences for the Iraqi economy if the fate OF THE IRAQI DINAR IS LINKED TO LOWER CURRENCIES.” Could this be referring to the USD? Of course it is since the dinar is not solely pegged to the US dollar … if the US dollar has de-valuing issues, this would also drag down the value of the Iraqi dinar. This article is correct. So the best solution is to get off the sole peg and re-peg to the SDR basket of 5 currencies. Then put the dinar on a float and open it up to the world again.
MilitiaMan – Dinar Guru Article: “Under the title No to the adventure of our economy .. Karbali warns of linking the Iraqi dinar in currencies with the lowest value” My take away is this. Okay, he is concerned the IQD will be LINKED with other currencies, that may or do have less value. Not my problem…As what he just said, tells me the cat is out of the bag in that they are going to be linked to other currencies internationally…We shall see what happens, and all in my opinion!! WOW.
Mountain Goat – Dinar Guru We still wait for the Jan 8th session in parliament to see if the last of the three ministers are voted on. Today we heard that maybe they might just vote on the Interior minister on next Tuesday. We wait and see. So right now there is still no indication of a reinstatement occurring soon. I know we all expected maybe January to be our month and this is still the best month for the CBI to target it. The CBI still has this planned for January but, like I keep telling everyone, this is not going to be such a huge surprise when it does occur. We WILL have some indication for at least a week or two ahead of time and see it coming. Right now we do NOT see any of these indicators. Maybe after the last of the ministers are voted on things might suddenly pick up and get crazy. We just sit, relax and wait…
Kaperoni – Dinar Guru There is a tweet going around that President Trump has tied some RV to a China trade agreement…False. There is no RV never will be. Best we can hope for is for Iraq to open it’s economy to investors and float the dinar.
BGG ~ This is Mike’s honest opinion. However, this is all it is – an opinion. In fact, it is an opinion not at all validated by documents produced by the CBI and the US Congress.
Adam Montana – Dinar Guru [Since I have been on this investment (10years) the dinar rate is moving in the wrong direction (Devaluation) from 1166 – 1182 – 1190.] …I don’t think we’re seeing anything to worry about. A change from 1166 to 1190 is miniscule and barely worth noting…I think we are going in a good direction.
RVAlready – Dinar Guru [Question. Is it to say that Iraq depends on stable oil prices in which to submit, ratify, and approve a budget? I ask because one would think that contingencies would be in place for such a volatile resource.] That would depend on current rate vs budget minimum target rate. A question I cannot answer….there is probably room to spare in the numbers. They have been at this a long time. So, they probably have room to play before they would alter the budget. Also…they have plenty of monetary reserves.
Mountain Goat – Dinar Guru Will we see the “reinstatement” of the Iraqi dinar this month? All we can go by is what we know as FACTS…We know that Jan 2013 is a known past planned targets to reinstate the dinar. Even Dr Shabibi came out in a news media talk and told us that Iraq had an “unprecedented” opportunity to reinstate the dinar. But they failed due to political corruption. Three other targeted times but NOT attempted like in 2013, also occurred for January 2011, 2016, 2018. The CBI also came flat right out and told us that “EARLY 2017” was a target but due to ISIS war not completed this would be delayed. So it seems that EARLY January is significant. When we research we find out that the accounting period (fiscal year accounting period) for Iraq begins Jan 1st not oct 1st like in the western world. Could this make a difference as to why they select January each time? This may always been the best opportunity for them to reinstate the dinar.
Checkmate – Dinar Guru …I’m here because I know for a fact it’s going to happen. If I didn’t think it was going to happen I would sell my dinar…But I hang onto it because we’ve done our homework…but we don’t know that it’s this month…Now if it’s this week that’s wonderful…it will imminently happen sometime in history and I also believe that should be very soon…They are doing it…The plan is to do it as soon as possible…Do I think that huge thing is going to take place in 5 days…I am not longer going to do that…Eventually Iraq’s going to get their money back…they are going to re-categorize the dinar…
Adam Montana – Dinar Guru … I think this year is going to prove different than the last. …It shouldn’t come as a surprise that the tail end of 2018 didn’t bring us an RV. Iraq operates on a global scale, so things that happen around the world do have an influence on them. 2018 was the worst year in the stock market since 2008. More importantly, US crude posted it’s first loss since 2015. Those are not specifically Iraq’s losses, of course, but lower oil prices affect ALL oil markets. Combine that with a general lack of news regarding the HCL and we have an obvious situation where they would not pull the trigger. We’d all like to think that Iraq can pull off an RV with lower oil prices, but the current market needs to change for Iraq and everyone else to be confident. It will happen, of course. But this doesn’t look like the week for it. Not that I’m discouraged at all! The current market is a temporary thing. Nothing negative has happened to scare us from the future of this venture. And I don’t think anything has changed to make Iraq no longer want to regain their former position of power and influence. It will happen. The question is only “when”?
Breitling – Dinar Guru The next big step for them was…the volume of currency that was out there. Then they had full control over the Iraqi dinar. So what are you and I looking at? Why am I invested? …I see an undervalued currency. Just like Warren Buffet sees an undervalued stock in the stock market…I can tell you where the value was at. I can tell you where the value is right now. And I can tell you what the value could be. The difference between Warren Buffet and us is that he has management rights. We don’t have management rights. We have to have confidence in the…people who are managing it to get it to where we want it to be. We’re just investing in an undervalued currency…Don’t tell me it’s at true market value…there’s all this hidden value in it. The people who don’t see it, hey that’s on you…it’s the most legitimate thing out there. It’s a huge opportunity. The question is, when. You and I don’t have control over that. [post 2 of 2]
Breitling – Dinar Guru …We’re looking at a currency [Iraqi Dinar]. We know what it used to be worth…the highest it was worth was $3.25. Saddam Hussein through his manipulated currencies said it was worth $3.75 but we know that’s not true. We had the first gulf war and it took a huge hit. So we know what the value went to at that stage. The second gulf war we knew it was going to drop to compete nothing so we injected the Iraqi economy with $1.5 billion worth of U.S currency so when we did the shock and awe they had money to spend…later on down the road they printed the currency that you and I have and they actually had to put $1.5 billion more U.S. dollars more into the economy because the popularity of the currency [Iraqi dinar] started going up. So what were they trying to do? Control the pace of the economy of Iraq. They actually had to do this a couple of times…[ post 1 of 2]
MilitiaMan – Dinar Guru Article: “An economic artery will link Iraq to Jordan for decades” Quote: “…both countries would arrive at details of the transfer and cost of export of Iraqi crude oil to Jordan before 2 February 2019.”… They have had this in the works for years… Fees and Customs Duties.. Taxes and Tariffs will automatically adjust when timed accordingly and appropriate!! IMO …we are in a sweet spot.. IMO.