Dinar Observer Daily

Mountain Goat – Dinar Guru  We already know the VALUE is not reflected in the RATE of the IQD as alone oil revenues along with the other assets such as minerals, gold, etc, would surely bring the IQD way over $3 never mind the current 1/6 of penny. So, if you are still waiting for Iraq to turn totally capitalistic and build an enormous economy don’t hold your breath, this is not how it going to happen.

Sandy Ingram – Dinar Guru  Why would Iraq or any other country want to increase their currency value against the highest currencies in the world today?  Why not leave it alone?  The answer is simple.  When a country’s currency value is low against other currencies in the world, people in that country cannot afford certain necessities.  When we look at Iraq we see that they have a unique situation because OPEC has always required that oil revenues be paid in U.S. dollars.  [Post 1 of 2]

Sandy Ingram – Dinar Guru  Thus Iraq earns in U.S. dollars and spends in Iraqi dinars so they are in no hurry to revalue their currency.  They need to purchase military equipment from France or the United States – they use dollars.  When they need to build housing for the Iraqi people they use Iraqi dinars.  The wealth transfer coming from Iraq is a more feasible wealth transfer but only after Iraq gains control over the overprinted IQD.  [Post 2 of 2]

Tivon – Dinar Guru  ...We are just about there…the EFSL was not a fluke…It cut through all the BS we have been enduring for all these years. The writing is on the wall. Great times ahead for everyone. We are either days or weeks away. I wonder if the CBI still plans on making a move this week? We’ll see soon enough…

Jeff – Dinar Guru   The rate change is in front of you right now…you’re waiting on that government but it is done formed and complete they just can’t show it to you…everything happening in Iraq right now is happening around the rate change date.  It’s the nucleus…the formation of the government is revolving around the rate change date.  That’s why they keep kicking the political can…it’s synchronized…and aligns with the scheduled rate change date.

Mountain Goat – Dinar Guru   … a week ago…Mazhar Muhammad Salih, said and I quote-  “Changing the exchange rate is possible, but it requires patience and careful study,” adding, “We need to cook on a quiet fire and monitor prices until the end of 2022, oil prices and foreign reserves.”   To me this is telling us not to expect any change in the exchange rate of the dinar until at least the end of 2022…I firmly believe they are trying to pay off their debts prior to the RV. They already paid off all war reparations to Kuwait- good news! They can also pay off the IMF loan by the end of the year if oil prices remain high – good news!

Tivon – Dinar Guru  Article “Central Bank Governor : The banking sector is making progress at various levels” This implies that the deadline for August 15th 2022 for banks to get on the new platform is for late bloomers who do not currently have their affairs in order. The CBI can make their move now. Are they trying to get this deal done before August 1st? Seems that way…

MilitiaMan – Dinar Guru  …The EFSL, it has wide reaching tentacles that allow for the many things to happen during the normal course of the day to day needs of the citizens and their entitlements. One of which is the changing of the exchange rate.

Clare – Dinar Guru  Article:  “Central Bank Governor : The banking sector is making progress at various levels”   WE ARE JUST ABOUT THERE! IMO

Samson – Dinar Guru   Article:  “The US Ambassador in Baghdad: Iraq is our most important partner and the cornerstone in the Middle East”  Quote:  “there are ways to achieve the joint strategy; Including promoting economic development and supporting Iraqi sovereignty“

Kaperoni – Dinar Guru  Iraq is in Article VIII of the IMF charter. Wrong!  All you need to do is go to http://imf.org then Iraq, and click Iraq’s Position in the Fund to see they are in ARTICLE XIV!  IMF Article XIV or IMF Article VIII…is only a standing in which the Central Bank of Iraq is graded. Has nothing to do with the currency, the currency is exchangeable worldwide.  [Post 1 of 3]

Kaperoni – Dinar Guru   Whether or not a country’s currency is exchangeable is whether or not there are restrictions on that country (which no longer exist [for Iraq]).  Many banks though are hesitant as long as the CBI is in Article XIV.  IMF Article VIII in essence is a stamp of approval from the IMF that the banking system in Iraq is in compliance with other central banks worldwide.  [Post 2 of 3]

Kaperoni – Dinar Guru  Whether or not banks around the world are willing to do business in dinar is up to each individual banking institution.  Therefore, even though Iraq is still in IMF Article XIV, any bank in the world can do business with Iraq in dinars if they choose to do so. But most wait for the stamp of approval or acceptance of Article VIII.   [Post 3 of 3]

Tivon – Dinar Guru   Article:  “Saleh and Al-Abadi discuss completing the constitutional entitlements” …I can’t help but conclude that the EFSL is acting as a fully operational law that is not waiting on any formal political formality other than the activation of certain laws. One being the Oil & Gas Law…

Pimpy – Dinar Guru   Down goes Maliki.  Down goes Maliki...Is this fight over?  Or is it just getting warmed up?  …those audio leaks are coming back to bite Maliki right in the butt.  There hasn’t been an audio leak this bad since Watergate.  Article:  “Because of the audio leaks…A leader in the call calls for the dismissal of Al-Maliki from the party”  Not only is this guy possibly not going to become the Prime Minister but they might oust him from the party altogether.  Ouch!

Nader – Dinar Guru  I’m still seeing people saying $6.  Six dollars will never happen.  Like I told you 1 to 1 and then the float.  Might go to $3, $3.20, $3.39 max…

Mountain Goat – Dinar Guru  Article:  “CLOSE TO THE SADRIST MOVEMENT REGARDING AL-MALIKI’S RECORDINGS: HE SPEAKS MORE THAN THAT IN PRIVATE MEETINGS”  This appears to have been going on for awhile now. Its about time someone calls him out on it. Now they have the undeniable sticky evidence on Maliki.

Clare – Dinar Guru  Article:  “The Central Bank will adopt a specialized electronic platform for the purposes of exchanging documents and data with all banks”  IT IS AMAZING WHAT WE ARE SEEING!!!…  IMO WE ARE AT HOME PLATE, BATTER UP, ACTUALLY TWO … SEATED GOI & CBI …TAKE THAT SWING… IT WILL SURELY BE A GRAND SLAM! IMO

Pimpy – Dinar Guru  Christmas came early for someone.  Possibly some leaked recordings – Al-Maliki making some serious threats about Sadr, his people and his territory.  The kind of threats that if the courts find this recording legit is considered a serious crime.  Maliki could be looking at life in prison or even execution. [Post 1 of 2]

Pimpy – Dinar Guru   In case you forgot, Maliki has a unique little friend up there in the Supreme Judiciary Court.  Maliki don’t give a crap, he knows nothing’s going to happen to him. He has the Supreme Court under his thumb…I’d be surprised if anything [happens] at all.  Most likely you’re gonna see that the recordings were not legitimate and just let Maliki off.   [Post 2 of 2]

Nader – Dinar Guru   Maliki – he might get life in prison or maybe they’re gonna kill him…He tried to do a lot of shit.  He tried to do a coup a week ago.  He tried to take the government by force.  He tried to do everything toward Iraq…

Sandy Ingram – Dinar Guru  Several beliefs are floating around on what the wealth transfer is…Let me make it clear what it is not – No one is going to give us money.  You will need to earn it or gain it through investment… [Post 1 of 2]

Sandy Ingram – Dinar Guru  There is a belief that poor and developing countries will become more prosperous and their currency value will increase against the US dollar…this is the category of wealth comes from speculative investing which most of you…have done when we invested in the IQD… [Post 2 of 2]

Tivon – Dinar Guru   They just posted the other CBI article yesterday.  Article:  “The Central Bank will adopt a specialized electronic platform for the purposes of exchanging documents and data with all banks”  …Access to global financial markets? Does that sound like Financial Inclusion to you?  What can possibly be added to this monumental news?  It’s not even 8am and we got this.  Quote:  “...which will allow you to benefit from many services, including foreign exchange and shares trading, and access to global financial markets…“

Kaperoni – Dinar Guru   The recent articles over the last couple days from the advisor to the prime minister is encouraging in the sense that they are working to correct/improve the economy and as a result improve the exchange rate of the dinar.   But that does not mean anything is happening overnight.

Tivon – Dinar Guru  …What did Al-Kazemi command of his cabinets on June 23rd? To address the USD rate at the earliest legislative session correct? Well what is coming up this week? …the EFSL can not work without a rate change…So what does he request of all ministries this past Sunday? To adjust contracts & wages...

Mountain Goat – Dinar Guru   Article:  “THE PATRIOTIC UNION OF KURDISTAN EXPLODES A SURPRISE ABOUT THE PRESIDENCY OF THE REPUBLIC”   We could be getting very close the conclusion of the new govt. Let us hope & pray there are no other snags...

Pimpy – Dinar Guru  Until this government is formed, everything is stabilized, it’s going to be a while before the exchange rate has changed…

Samson – Dinar Guru   Article:  “After the judiciary opened an investigation into the audio leaks, Al-Maliki may face execution or life”  Quote: “If the recording is proven correct according to the judicial investigation, the penalties that will face those who threatened to kill, incitement to civil war, and incitement to attack a holy city, according to the anti-terror law, and the penalty is up to death or life, considering what was stated in the recording is a threat to Iraqi national security and stirs up sectarian strife according to Anti-Terrorism Law No. 13 of 2005.“

Mountain Goat – Dinar Guru  Article:  “…IRAQ IS PREPARING TO JOIN THE WORLD TRADE ORGANIZATION”   Does Iraq need an international currency to join the WTO?  No, they do not however, I believe they are attempting to do so prior to becoming a full member of the WTO.   Certainly an international currency would make it much easier to trade if you have a currency on FOREX.  Quite frankly, I believe it would be extremely hard for Iraq to conduct major trading of goods and services with the rest of the world through the currency process of the auctions and being pegged solely to the US dollar. The risks would be too high and they know it.  This is part of the White Paper reforms to go to FOREX.