Dinar Observer Daily

Nader – Dinar Guru   The only people who can make a decision is the Minister of Finance and the CBI.  No body  else.  No Al-Kazemi.  No Maliki.  No Sadr.  No parliament.  No President of the Republic.  No matter how much power these people got...It’s not gonna be the IMF.  It’s not gonna be the World Bank.  It’s not gonna be all that.  It’s gonna be the CBI.  You have to watch the CBI…It’s gonna happen when the CBI is ready…

Tivon – Dinar Guru  ...Iraqis will experience Purchasing Power. The International Monetary Fund, the World Bank, the World Food Program of the United Nations and the World Trade Organization all held meetings on the EFSL. They all agreed that this law will open Iraq up to open trade which is the international markets. The EFSL stabilized the markets. They also said that the EFSL will vitalize the economy.

Pimpy – Dinar Guru  …There are others out there who are making the claims that one of the things that will bring peace to the nation is an increase in the Iraqi dinar rate.  That’s not going to bring peace between all the internal fighting because it’s not about the money.  It’s about the power.  It’s about the control.  Making the claim that they’re going to change Iraqi dinar in order to keep things peaceful there and to move everything along is bull crap.  The last thing you want is Maliki in there as prime minister.  No amount of rate change for the Iraqi people is going to smooth that over…

Kaperoni – Dinar Guru  The advisor to the prime minister clarified today that the government’s intention to restore the exchange rate is contrary to the truth, rather the government is engaged in fundamental reforms in both financial and economic that would create the desired development…only with the success and growth of Iraq’s economy can the dinar go up in value.

Militiaman – Dinar Guru  Article: “Al-Kazemi’s advisor clarifies a news published by the official media about the exchange rate change”  Article: “The government is discussing the dollar exchange rate and plans to convert 4 ministries to self-financing”  These two articles are saying what we already know about the exchange rate…now it is setting the stage for the private sector. The private sector is massive.. Total is a French private company that had contracts that were torn up and rewrote in Dinar and not USD. They reduced the Dinar to 1460 years ago already and now it is time to go back to where it was in a previous era. 1190 IQD/1 USD is not a place in that equation. It doesn’t work in a market economy.

Samson – Dinar Guru  Article: “Shocking number… How much is the percentage of ‘idle money’ in Iraq?”   Quote:  “70% of the money in Iraq is hoarded in homes, that is, idle, and far from the banks that, if invested, would move economic activities, explaining, that “leaving this money away from the banks is a strategic mistake that needs solutions.“

Tivon – Dinar Guru  Article “Parliamentary Finance excludes the existence of a budget for 2022 and explains the reason” …They do not need the general budget for this year. The EFSL will take care of everything that matters for the citizens and the economy. And whatever funds are leftover from the EFSL can go into the 2023 Budget. So now you can see they have no choice but to pick PM Al-Kazemi for the remainder of the year into the next. Passing a budget would not make an iota of sense. Now they are forced to play a different game.

Pimpy – Dinar Guru  So the big question is once the Forex starts trading Iraqi Dinar would $1.71 be approximately the actual rate of the dinar?  ...Let’s just say for the sake of it that this is going to be close to what the actual rate of the dinar is going to be…to get this particular exchange rate they’re going to have to decrease the amount of Iraqi dinars in circulation.  That’s why we hear so much talk about the deletion of the zeros…

Samson – Dinar Guru   Article:  “Al-Kazemi and his government enter a closed meeting with Biden in Jeddah“

Militiaman – Dinar Guru  Article:  “Alia Nassif comments on the revenues achieved by customs in Iraq”  That 95% oil revenues is going to be batched [matched?] by the borders, liquid natural gas, mining, tourism, etc.. The size of the money flow is going to be staggering. Everyone knows it…

Tivon – Dinar Guru  I am showing you why we basically have not seen the exchange rate. They need the Oil & Gas Law in place on a constitutional basis in order to maximize profits for the new exchange rate to mean anything for the overall GDP internationally. This is why the 1:1 out of the gate makes sense. Because of the oil price.

Clare – Dinar Guru  Article:  “Framework: Choosing the Prime Minister during the next few days, and we call for a parliamentary session next week urgent“

Tivon – Dinar Guru  Here is another thing that supports my opinion as far as the CBI waiting to pull the trigger once Al-Kazemi gives the green light. Why do you think he wanted to wait to address the USD rate reduction in the next legislative session? Because the Oil & Gas Law is in the same session.

Pimpy – Dinar Guru  If you go to…the foreign exchange website and try to look up the IQD which is the Iraqi dinar you can see it says “At this Forex.com does not offer trading in the Iraqi dinar.”  That means it’s still under some types of restrictions.  It’s not being bought, sold or traded on the Forex…

Militiaman – Dinar Guru  Article: “Deputy For Al-Fateh: The Exchange Rate Reduction Will Soon See The Light”  …100 deputies openly supporting the exchange rate change is powerful. They are campaigning. A sign of currying favor from the citizens. They want their purchase power.

Kaperoni – Dinar Guru  Local media announces today Al-Maliki will carry out a coup and become prime minister again…He is bad news for Iraq and is a pawn of Iran…Plainly put this is terrible for Iraq.   Maliki is a wannabe dictator and has desires to control the central bank funds.  Back in 2012, former central bank governor Al-Shabibi accused Maliki of stealing enough money to support 20 million citizens…al-Maliki has quietly as leader of the State of Law Coalition harpooned much of Iraq’s success waiting for his opportunity to come back.

Samson – Dinar Guru  Article:   “The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons”  Quote:  “Iraq has advanced ten ranks in the table of the most countries in gold reserves, bringing its total possessions to (130.39) tons, ranked thirty in the world and fourth in the Arab world.”

Mountain Goat – Dinar Guru   Article:  “DEPUTY FOR AL-FATEH: THE EXCHANGE RATE REDUCTION WILL SOON SEE THE LIGHT”  Quote:  “..the issue of reducing the dollar exchange rate is soon after collecting the signatures of 100 deputies to vote on reducing it under the dome of the House of Representatives.”  Just remember they tried this before and it did not work, however it does put pressure on the CBI and to let them know something must be done about the IQD rate soon.

Tivon – Dinar Guru  Article:  “Iraq uses the policy of “raising reserves” to control inflation”   So here we are once again being reminded that Iraq has enough of reserves to cover the reinstatement of the Dinar…So when you compile everything as to all the sectors that is ready…You can’t help but anticipate what is next. And we know what that is. Al-Kazemi already gave the go ahead a couple of days ago. IMO

Kaperoni – Dinar Guru  Monetary policy of the Iraqi dinar is at the sole discretion of the Central Bank of Iraq along with the guidance of the IMF. No parliamentary signatures, news articles or political figures have input.

MilitiaMan – Dinar Guru   Article: “Al-Shammari: Talking about changing the exchange rate is a media bid” Quote “Talking about changing the exchange rate is unrealistic…”  This guy is connected to Maliki all day long. imo…The EFSL is law. They have not yet exposed that fact in the Gazette… So, to trigger internationalism a new exchange rate is warranted. Changing the exchange rate is not unrealistic. In fact, it is inevitable…IMO

Nader – Dinar Guru  They refuse to put back the dinar to 1200…They’re asking the CBI to put back the dinar to its previous exchange rate which the CBI has other plans by Rving the dinar…I’m glad they didn’t accept the 1200 because it’s not worth it for nobody…for me it’s good news. I prefer wait on RV than change it 1200 and wait 10 more years to RV…

Samson – Dinar Guru  Article:  “Parliamentary Finance denies the possibility of restoring the dollar exchange rate: it confuses the market and investment projects”  Quote:  “the Parliamentary Finance Committee denied what was recently reported about Parliament’s efforts to restore the exchange rate of the dollar to its previous level, 1200 Iraqi dinars for every US dollar.”

Tivon – Dinar Guru   Article: “Implementation of the Automation Program for Customs and Tax Receipts”  Game Time. The ATMs are ready. AYSCUDA is ready. BUNA Platform is ready. General Tax Authority is ready. Now Customs & Tax are ready. The HCL/Oil & Gas is ready. The EFSL is ready. And the contracts are signed…Everything is prepared for roll out. The hard currency reserves are covered so they can deal with any inflation from the onset of reinstatement if any were to occur. All of this occurred without a seated government or 2022 Budget.

RVAlready – Dinar Guru  …I think we are only waiting on the CBI to activate the RV at this point. When the CBI says go, we will be going to exchange.

Kaperoni – Dinar Guru  The first plan which has been discussed by economist and specialists in Iraq in the media and in various symposiums educating the citizens is a currency exchange (LOP). We do not want to see this happen. And the other plan which has been well documented since 2013 is the IMF’s directive to float the currency allowing it to gradually appreciate over time as Iraq’s economy prospers and grows.

Petra – Dinar Guru   I would like to add a few dots to the logic equation as to status:  1. Al-Zamili stated weeks ago…upon passing of the law [ESFL] that the ministries would “immediately” be funded to begin their efforts of the WP’s.  Well, yesterday was that 15th day…tick tock!  2. Al-Alawai the Finance Minister has been…stating that basically the reforms are ready to go and his ministry is ready to engage.  Hello CBI….Tick Tock!    [Post 1 of 2]

Petra – Dinar Guru   3. Today… Article “The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar” …is not only the request of Kathemi to change the rate but also…the signatures of 100 or so Parliament Deputies agreeing…Hey CBI…Tick Tock…THE RATE is now before us on a myriad of levels to engage the new Iraq!! …IMO what are we waiting for?   Hello CBI….Tick Tock!!! [Post 2 of 2]

Tivon – Dinar Guru  Saleh said “…the rise in Iraq’s hard currency reserves will increase confidence in the Iraqi dinar and will increase its stability,” stressing that “the Iraqi dinar is approaching full coverage of hard currency reserves in light of the current exchange rate.” He also said that “these reserves maintain the purchasing power” …if you have 1 million in Dinar. And the rate comes out at 1.162 on the Forex. You divide that by one dollar and it will be .86 cents. Which will net you 860,000.

Mountain Goat – Dinar Guru   …we keep hearing about getting out of a “rentier” economy solely based on oil…there are many more sources of revenue that can rival the oil revenues. But Iraq has to take advantage of them…The revenue possible from tracking and accounting for the full revenues received from Customs and Tariffs alone can rival the oil revenues. WOW!   [post 1 of 2]