Sunday, September 10, 2017


9-10-2017  Guest Guru BobTheTaxMan  If you are going to give away dinar as dinar, keep it as dinar.  Remember I told you earlier [See additional Guru BobTheTaxMan Posts 9-9-2017 below]the moment you take it to the bank to cash it in, it is a taxable transaction When you gift dinar, I doubt for the most part you’re going to give away $14,000 dollars that you paid for the dinar to somebody.  Let’s say for example you’re going to give them a million dinar and you paid $1,000 dollars for that million dinar that’s only $1,000 on the gift tax that’s it…Not reportable.  You don’t have to worry about it. You’re allowed to give away $14,000 (If you’re married you’re allow to give away $28,000) without having to report it.  It doesn’t reflect back into your estate tax at all.  Make sure you gift it in a statement and you do it in dinar.  Do not make the mistake of cashing it in and then giving it.  When the recipient gets that money along with the agreement/arrangement you’ve made…when they cash it in, it becomes taxable to them not to you... [NOTE: This should NOT be considered tax or investment advice.  It is purely informational and the views of this guru.  Speak to your own tax and investment professional at the appropriate time.]

9-10-2017   Newshound Guru MilitiaMan  It is clearly apparent that when the CBI" "Central Bank of Iraq issued long-awaited instruction for e-wallets and mobile payments apps like Venmo and Pay Pal", and now we see that they have sent out MCs [MasterCards ?], thus, one can safely presume this ride is in full motion and won't be stopped.  Imo, the longer it takes the closer we are each and everyday going forward.  ...the CBI imo is telling everyone in the world they are fully International.. There are ATMs that don't take or work with triple zeros noted imo in place. My thinking is that the CBI using a very powerful social media outlet to tell us that instructions were Issued for Pay Pal and VERNOM is very very huge...IMO.

9-10-2017   Intel/Newshound Guru payray   Article: "The budget for 2018 is in the semi-final preparation, and will be presented to the Council of Ministers next month"      ...I am curious about this supplemental budget that was signed by President Masum, and placed into the Gazette a few days ago...  Speaking of President Masum, he is slated to visit the US, and speak to the UN general assembly on the 17th of this month... Wouldn't it be nice if before he left to address the UN, the dinar officially goes international with a fair, and just rate... Only adding to the importance of his speech to the UN... Sending the message, "Iraq is back baby.."...And of course the UN comes out with their semi-monthly rates for worldwide currencies on the 15th of Sept... Lets see how this plays out...

Frank26 9/9/17 #1


MichelleL: what am I seeing? "(200,000 dinar or $10,000.00 USD)?" Sam where did you get that? Thanks

MichelleL: ok, never mind, back later :)

Sam: MichelleL: A few days ago I was listening to Currency 365 the deep-voiced man I don't know his name, but he reads articles from Iraq news. He came across an article which stated the Iraq government was now regulating how much dinar you may take with you when you leave the country, and the number was 200,000 dinar, but you were allowed to have up to $10,000.00 USD This does not necessarily imply that the rate is 200,000 dinar per $10,000.00 USD but it seems like a logical conclusion to draw.

Zig: Many things are misinterpreted....many articles are not accurately translated...many numbers are not correctly transferred from Arabic to English....decimal points and commas are often misplaced...the rate has not changed...
 Doug_W: unfortunately

LeLe: Doug_W praying for safety for you and your family. And all of those in the path of Irma. My son is in St Petersburg.

Duke77: @Sam That would be a rate of $0.05

Meatball: @Sam there is no limit to the amount of dinar you can own or purchase

Duke77: @Sam would definitely make me feel better to see that as a start. Kaperoni would stroke out if he was right about the float. Lol I would be happy just to see a positive forward movement!!!

Meatball: @Duke77 100 percent agreed

Duke77: @Meatball I do remember an article a couple weeks ago saying they were allowed to take a limited amount of USD or IQD to Mecca. It was something like $5,000 or 3,000 iqd I believe

Duke77: @Meatball it was about their pilgrimage.

Meatball: there is a limit on amount as far as travel.... nothing about ownership in the US

Duke77: @Meatball no I think he was implying about a rate change. Maybe I misunderstood his comment

Meatball: I forget the travel amount upon entry and exit of Iraq
Meatball: @Duke77 me to lol

Duke77: @Meatball I wish our government had a 3,000 iqd limit in the US. lol I would be running to the banks!!!

Duke77: @Meatball I would definitely know it had changed in value. Otherwise it's only about $3

Meatball: any movement forward is positive

Duke77: @Meatball Yes indeed!!!

Sam: I was referring to the limit for travel (200,000 IQD or $10,000.00 USD). However, it seems likely that there may be a hint within this travel limit which IMPLIES a future rate of 200,000 IQD per $10,000.00 USD

Duke77: @Sam If so, that's 5 cents. 1 million iqd would be $50,000

Meatball: @Sam I apologize .... I don't remember the total amount

Zig: They would never give that kind of a "hint"...

Meatball: @Zig guess it has not rv d in other countries lol

Zig: Really?....Oh well....LOL

Meatball: cant believe it..... they lied lol

Sam: I wonder why the discrepancy between the amount of USD vs IQD with which one may travel in and out of Iraq? It seems if the limit is $10,000.00 USD then it should be about 11.84M IQD

Zig: Article was probably poorly translated, etc...or misunderstood.....happens a lot....

Sam: I'll try to find the original article

MichelleL: a nickel would be nice ;)
MichelleL: thanks for the answer, Sam - I'll be back later :)

Duke77: @Sam exactly. Maybe they are showing their hand and know that nobody will believe it lol. Kaperoni and BGG have made their points that nobody will see a warning and these central bankers may be sitting back laughing at Em

Zig: The amount of $ vs. Dinars does not have to equate in all situations....

Sam: MichelleL: you're welcome.

Dave: @Sam Most countries allow 10,000 the equivalent usd without declaring it....I believe Iraq made this exemption of 200,000 dinar to halt the money laundering?????

Duke77: @Dave That's only $200 though. So maybe they can take a combination of the 2 currencies totaling $10,000 and 200,000 iqd??

Duke77: @Dave they don't mind the USD being taken out, but the dinar is being throttled which tells me they have plans to revalue it soon or they wouldn't be putting a low limit on it...

Dave: @Sam most likely......to me me......DOH

Sam: Did anyone find the original article (travel limit 200,000 dinar $10,000.00 USD)?

Dave: @Sam this is old news ....6 mos or more

Meatball: travel to Iraq.... currency restrictions on entry.... 0 .... upon exit 10,000 usd..... https://travel.state.gov/content/passports/en/country/iraq.html
Sam: Here's the link: https://www.alghadpress.com/news/Iraq-News/116222/AlghadPress

Sam: (B) To require the passengers to fill out the above-mentioned permit form if they have cash or negotiable financial instruments for their holder, the amounts of which exceed ten thousand (10,000) US dollars or the equivalent in other foreign currencies and if they have an amount of more than (200000) ) Two hundred thousand Iraqi dinars and if they are in possession of precious stones and precious metals worth more than (10000)

Sam: 17:43 - 29 August 17

Meatball: very heavy on the aids testing also

Cree: hi all
Cree: @Meatball :h5

Cree: @Meatball is there anything new on the Dinar? why are we talking about it?

Meatball: @Cree same old same old... killing time

Doug_W: GN Gang
Doug_W: see us all tomorrow then after that it may be a week or more

Doug_W: poooof
Cree: @Doug_W wasn't poooof a GURU?
Tebow: Chaperoning 1st cousin

Boomer: Facebook just shut down Beny Wilson again.

Cree: @Boomer what is beny wilson?
Cree: @Boomer or who is he?

Cree: @Boomer is that the fake news on the dinar that the mod does here?

Boomer: ya
Cree: @Boomer no loss

Boomer: That could be said for all those shows

Sam: Benny Wilson/The Fake News Show is funny. I like his accent, and I like his advise regarding "shut up" when the Iraqi dinar revalues, you don't want anyone to know you've hit a financial windfall.

Boomer: His rants are a pain in the ass, he needs to CC closed cap his videos so you can understand him.

Sam: Siemens factory in Iraq: this is HUGE.


Spectra: @Sam ty the video was cool

MichelleL: hello friends
MichelleL: or not? seems I'm around an hour after the party ended ;)

MichelleL: goodnight everyone - stay safe!
MichelleL: you too Sergio :) We are not in any danger

Sergio: Opening a bakery up

MichelleL: good luck with that, and think seriously about very low carb baked goods, nuts like me pay a fortune for them

Sergio: I text all the dinar friends who are down there

MichelleL: gotcha! I think I'll catch a couple on fb before shutting down tonight
Sergio: Okay I'll see you later on
MichelleL: goodnight, Sergio :)

Meatball: @MichelleL how you holding up

Sam: Spectra: you're welcome, I'm glad you liked it.

Spectra: https://youtu.be/iSi_p9u_bOg

Spectra: Hurrcama irma Jose Katie and lee next ones coming
Spectra: There are three more hurricanes after Irma

Spectra: This is getting down right BIZZARE
Spectra: Poor Doug ... This is heading straight for Tampa
Spectra: He is in my prayers

DinarResearcher: For all you late night(early morning) dinarians...
DinarResearcher: Abadi adviser: The budget of 2018 is in the semi-final preparation
DinarResearcher: Saturday, 9 September 2017 - 11:02 PM

DinarResearcher: The Financial Advisor to the Prime Minister announced the appearance of Mohammed Saleh on Saturday that the Iraqi government is talking with the International Monetary Fund on the subject of financial strengthening and reduce spending and maximize resources and sustainability of debt sustainability within the limits of economic Secretary and maximize revenue, noting that the budget in 2018 is in the semi-final preparation, To the Council of Ministers next month, according to constitutional times.

DinarResearcher: "The budget for 2018 is aimed at maximizing non-oil resources wherever possible, and the state's approach is to encourage employment through the private sector and to develop programs to lend young people with soft loans to enable them to engage in the labor market," Saleh said in a statement read by Al-Marbad radio. ,
 Indicating that the budget is in the process of semi-final preparation, and will be presented to the Council of Ministers next month according to constitutional times.

DinarResearcher: "The deficit problem must be addressed to ensure that economic activity continues and resources are reallocated optimally in the budget, and that is what we are working on," he said.



DinarResearcher: Well enough, but My Heart goes out to the folks that have to endure these Hurricanes, Thoughts and Prayers goes out to them...
Meatball: @DinarResearcher definitely

DinarResearcher: One more article I would to share before I have to go..Abadi, Sadr,& Hakim IMHO True Leaders of Iraq

DinarResearcher: Hakim calls for a mature and reassuring political project for all
DinarResearcher: Saturday 9 September 2017 - 08:58 PM

DinarResearcher: The leader of the wisdom movement, Ammar al-Hakim, on Saturday, called for a mature and reassuring political project for all components in Iraq, while noting that the national settlement, which raised the motto of the National Alliance is an important input to reassure.

DinarResearcher: "The military victory is an important pillar of our overall victory. Our victory requires the following: the urgent need for a mature and reassuring political project for all components," he said in a speech during Eid al-Ghadeer festival.

DinarResearcher: Hakim added that reassuring the components is an important window to form national streams and thus a national majority government in the next stage.

DinarResearcher: He added that "the real service of people, political projects alone are unable to meet the needs of people, where they look forward to a vision and an economic and development project moving on the ground in the country,"

 pointing to "the need for an integrated plan to combat corruption, which drains the body of the state with all its facilities in the light of vision Stressing that the use of the slogan of fighting corruption to liquidate others and narrowing and pursuing fair and selective dealing in the fight against corruption is another type of corruption.

Meatball: @DinarResearcher thanks for all the news.... appreciated by many on here

DinarResearcher: He stressed the need to preserve the unity of Iraq and adherence to it, where we hope good in our brothers from the Kurdish leaders to take correct steps to strengthen Kurdistan and strengthen Iraq, we want dignity, dignity and strength of the Kurdistan region, the strength of Kurdistan power of Iraq, and Azzah Azza Iraq, and cohesion cohesion of Iraq.

DinarResearcher: Al-Hakim pointed out that "hope must be planted in the Iraqi youth and attention to the distinguished ones, minds and energies, it should send messages to this vital and important category and motivate them to compete and pre-empt the good things."

 He called for "activating the decision to appoint the first in state institutions, We also call on the ministers of the National Alliance and the governors and decision-makers in the Iraqi state to activate these decisions and implementation. "


mrjazzman68: Thanks for the news Dinar Researcher,,Your efforts are appreciated

Meatball: always good to see real news on here.... not guru opinions

DinarResearcher: TY Meatball, just want to help you fellow dinarians get some better idea what is going on in this currency that you all have invested in.

chattels: Hakim's exhortations regarding national reconciliation, unity, etc. are tired and transparent political posturing by a failed state and it's leaders over nearly 15 years, IMO.

Meatball: @chattels morning sir

DinarResearcher: Lol, Chattels starting to sound like a Hillary supporter. In which I have nothing against.

DinarResearcher: Good night everybody

chattels: @DinarResearcher I might be a lot of things, but a Hillary supporter is not one of them.

chattels: @Meatball gm

DinarResearcher:  Chattels

chattels: @DinarResearcher thanks for the news

Meatball: @chattels thank you to for all the info you bring

chattels: @Meatball Not much new of late that I have seen. Same ole tired rhetoric.

Meatball: @chattels been that way for a long time.....
Meatball: @chattels amazing what can follow the letters imo

chattels: @Meatball The narrative is unchanged. They just appropriate selectively and interpret the news to support that failed narrative.

chattels: Sep 8 2014 Haidar al-Abadi became new Iraq premier


chattels: Three years now. Seems like just yesterday, eh ?

Meatball: @chattels lol does go by

chattels: Ask yourself what the status of the Abadi reforms are ?
chattels: He does not even have a complete cabinet of Ministers.

Meatball: a sad state of affairs

chattels: Saturday, September 9, 2017 Security In Iraq, Sep 1-7, 2017 Violence in Iraq hit another low during the first week of September 2017. There were only 62 incidents reported in the media. Since the Mosul battle concluded the Islamic State has been rebuilding and been in retreat resulting in fewer attacks across the country.


chattels: Security does appear to be improving. 
​Meatball: @chattels folks do not realize.... or want to.... the condition Iraq is in
chattels: @Meatball Positive illusion is the preferred thinking.

Meatball: @chattels exactly
Meatball: @chattels to each there own I guess

chattels: @Meatball A liquidity event for us in the foreseeable future is contrary to all good sense and rational thought.

Meatball: @chattels ... lol... never stopped me before lol

chattels: @Meatball Understood. I am still here too. :)

Meatball: @chattels potential is there.... how it plays out?... time will tell

chattels: @Meatball No one ever accused me of being smart, but I can be doggedly persistent.
chattels: @Meatball I am like a dog with a bone.

Meatball: @chattels persistence is the key to success ..... got that from a inspiration lecture before I fell asleep lol

chattels: @Meatball " Nothing in the world can take the place of Persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. " - Calvin Coolidge

Meatball: @chattels wise words



JesusLovesBseball:  Trump calls top officials in Saudi Arabia, UAE, Qatar

09/09/2017 | LOC09:36 06:36 GMT | World News

US President Donald Trump

WASHINGTON, Sept 9 (KUNA) -- US President Donald Trump spoke separately with Crown Prince Mohamed bin Salman Al-Saud of Saudi Arabia, Crown Prince Mohammed bin Zayed Al-Nahyan of the United Arab Emirates, and the Amir of Qatar Sheikh Tamim bin Hamad Al-Thani, the White House announced Friday.

The White House said in a statement that Trump "underscored that unity among the United States' Arab partners is essential to promoting regional stability and countering the threat of Iran." "The President also emphasized that all countries must follow through on commitments from the Riyadh Summit to defeat terrorism, cut off funding for terrorist groups, and combat extremist ideology," the statement concluded.    LINK

Samson:   The fourth Iraqi-German Business and Investment Forum will be held next Wednesday in Berlin

10th September, 2017

The fourth Iraqi-German Business and Investment Forum will be held next Wednesday in Berlin, with the participation of a senior Iraqi delegation, a German official said Sunday.

The source, who preferred not to be named for the "Economy News", said that "the fourth Iraqi-German Business and Investment Forum will be held on 13 and 14 of this month at the Palace Hotel in Berlin," adding that "the Iraqi delegation, which will participate in the forum includes a number of ministers and bodies Economic and chambers of commerce and industry and the elite of Iraqi businessmen, and will participate from the German side a number of senior officials and representatives of the German official institutions and a select group of German businessmen.

He pointed out that "the objective of the forum is to strengthen the economic ties between the Republic of Iraq and the Federal Republic of Germany, promote investment projects in many economic sectors, strengthen the ties between businessmen from both sides and promote trade exchange, which has witnessed steady growth in recent years. The value of trade exchange during the year 2016 about 1.3 billion euro".



Samson:  Minister of Industry arrives in Jordan to discuss joint cooperation and promote investment between Baghdad and Amman

 10th September, 2017

Arrived Minister of Industry and Minerals, Mohammed Xiaa Sudanese, on Sunday, to the Hashemite Kingdom of Jordan to discuss enhancing economic and trade cooperation and strengthening of joint investments between Baghdad and Amman. 

"Minister of Industry and Minerals Mohammed Shiaa al-Sudani headed to the Hashemite Kingdom of Jordan at the head of a large official delegation that included the Undersecretary for Planning Affairs Mohammad Hashim Abdul Majeed, the Director General of the General Directorate for Industrial Development and representatives of the Ministries of Commerce," the ministry said in a statement received by Al-Ghad Press. Transport and Labor and Social Affairs and a number of officials in the ministry on a three-day official visit to discuss ways and mechanisms to expand relations of cooperation and partnership and investment opportunities between Iraq and Jordan.   LINK


Samson:  Jordan: The opening of the export of agricultural products to Iraq soon
2017-09-09 at 16:37 (Baghdad time)

The export of agricultural products to the Iraqi market soon, without specifying the date, he said, pointing out that the Iraqi authorities promised merchants to open the door to export Jordanian agricultural products to Iraq through the port of Trebil, which opened recently.

Abu Hammad said that "Iraqi authorities have not granted export licenses to Jordanian traders so far with the aim of rearranging the matters and procedures related to import, which concerns the Iraqi side." He added that traders in the Kingdom are ready to obtain export licenses for the flow of goods and agricultural products to the Iraqi market to serve the two sides, pointing out that there are no shipments for export parked on the borders of Jordan's dignity 370 km east of the city of Mafraq.    LINK


Samson:  Saudi Arabia announces acceleration of economic reforms

 10th September, 2017

The Saudi government is accelerating the pace of its economic reforms and is also reviewing some of them in order to give the ministries more flexibility in achieving their goals by getting more room to monitor resources and determine ways to achieve their goals, according to the Saudi Ministry of Information.

It is worth noting that the government is moving ahead with plans to sell about 5% of the Saudi national oil giant Saudi Aramco. Officials say they aim to end the sale by the end of 2018 and raise about $ 100 billion.

The company works to ensure that all requirements are met to the highest standards.


Frank26 Videos Saturday Night:  http://www.dinarrecaps.com/our-blog/frank26-video-1-and-more-saturday-night-9-9-17

Dawg92:  Greetings family.  After viewing Frank's video I would like to give the following information about tax professionals....all given IMO.

Tax Attorney - These professionals have generally studied tax law in law school.  Most of these professionals usually deal with issues and tax planning.  It is very common for them to have accountants on staff who actually prepare the tax returns.  Attorneys must pass the state bar exam to be licensed.  They have an undergraduate degree and have attended law school.

CPA (Certified Public Accountant)- These professionals have studied accounting in school.  An accounting degree is a business degree with a concentration in accounting.  These professionals will help with tax planning and tax preparation.  To be licensed they must pass a four part national test.  Each test is a four hour test.  Their training covers operating a business, finance, marketing and tax planning.  All states now require new licensees to have five years of college.

EA (Enrolled Agent) - These professionals have passed a test administrated by the IRS.  The EA test is a three part test that covers tax laws.  There are no education requirements to take the test.  Work experience at the IRS can also get you the designation.
There are other designations given by states.  Requirements can vary.

These are listed in the order that tax professionals generally view as the hierarchy of respect.

If you see a tax professional with the designation MST it means that they have a Masters of Science in Taxation.  They have advanced degree that studied tax laws.  It can be very typical for their course work to be from a law school.

You should note that only 1% of the population makes more than $500,000 per year.  It is a small percentage of these professionals who work with wealthy individuals.  Don't be afraid to ask them there expertise and experience working with wealthy clients.


Mikhail:  The Wells Fargo office that I went to knew the dinar was not a scam.  One of the ladies from the currency department put a call in to one of their offices in Oregon, and the woman on the other line was well aware of what is going on, and this was at least two years ago.  While going through Frank's checklist of whom to contact, learn what a bank does with deposited money and how little they actually keep on hand.  This knowledge will help when trying to get a better spread and get the bank to understand you are educated and can very well take your business elsewhere.



Samson:  Published regulations to participate in payment by mobile phone

   10th September, 2017    16 Page PDF

Economy News publishes subscription controls on retail payment infrastructure for the development of electronic payment services.

"In order to organize and manage the work of mobile payment providers in accordance with international best practices, the subscription regulations of the retail payment infrastructure including Adapted to the development of work ".

To learn the subscription controls click here



Bob the TaxMan says to GIFT people DINAR so you don't have to pay the taxes on it, 10 SEPT

 If you are going to give away dinar as dinar, keep it as dinar.  

Remember I told you earlier  the moment you take it to the bank to cash it in, it is a taxable transaction. 

 When you gift dinar, I doubt for the most part you’re going to give away $14,000 dollars that you paid for the dinar to somebody.

  Let’s say for example you’re going to give them a million dinar and you paid $1,000 dollars for that million dinar that’s only $1,000 on the gift tax that’s it…Not reportable.  

You don’t have to worry about it. You’re allowed to give away $14,000 (If you’re married you’re allow to give away $28,000) without having to report it. 

 It doesn’t reflect back into your estate tax at all.  

Make sure you gift it in a statement and you do it in dinar. 

 Do not make the mistake of cashing it in and then giving it.  When the recipient gets that money along with the agreement/arrangement you’ve made…when they cash it in, it becomes taxable to them not to you... 

[NOTE: This should NOT be considered tax or investment advice.  It is purely informational and the views of this guru.  Speak to your own tax and investment professional at the appropriate time.]



As soon as you determine that and you have this idea--you’ve decided you’re going to cash in X amount or whatever percentage you have at whatever rate appears to be at this time, plan on the taxes.  My invitation to you is to pay it the day you cash it.  Don’t wait.  Pay it.  Get it out of your life…then after that everything you have left over is all yours you can do what you want with it…Income taxes are going to be applicable.  A lot of people are going to come back and say “What about capital gains tax.”  This particular investment is not going to be treated as capital gains…It’s going to be treated as ordinary income.  Which makes it subject to tax brackets…federal and state…Plan on these taxes and act accordingly.  [Post 2 of 2 NOTE: This    should NOT be considered tax or investment advice.  It is purely informational and the views of this guru.  Speak to your own tax and investment professional at the appropriate time]

Payray says the need to increase value ofIraqi dinar is essential, 10 SEPT


 Article:  "Jordan issues first fruit shipment to Iraq today"   Getting those trade passages open again between Jordan, and Iraq is good news... Jordan feeling good about exporting to Iraq means that they are comfortable with their security situation...  Now if they want to really profit, the need to increase the value of the Iraqi dinar is essential...



I am curious about the supplemental budget for 2017 that was passed about a month, and just placed in the Gazette... Before Iraq could receive monies from the IMF, and move on...as it concerned their economic progress, this supplemental budget to the 2017 budget had to be signed into law... So much going on behind the scenes that is not being disclosed.. With the vain drumbeat of the referendum being beaten by the Kurdish leadership, the finishing off of Isis within Iraq, and the desire to get the reconstruction process going full steam ahead... (Especially now that the weather is beginning to cool off in Iraq)... With this supplemental budget being placed in the Gazette just days ago, we shall see what occurs this month...  Between now, and the 15th of this month of Sept, we shall see what occurs.. This process reminds me of a huge slingshot...And Iraq is pulling back as far as it can go so the boulder will fly as far as it will go... 


Papo A Acevedo
15 hrs ·

These bastards of the cabal are creating these catastrophes thinking that they can keep alive the lending of there dead fiat money's, but guess what we ain't biting. GhostWriter