Dinar Observer Daily

Tivon – Dinar Guru  Article: “A Legal Review Of The Pros And Cons of The Food Security Law”   Quote:  “Al-Tamimi said that it “will be implemented when it is published in the official Gazette and when it is approved by the President of the Republic.” …This is for people who assumed a rate was going to pop up as soon as the vote was done. They have to then…follow up with the relevant authorities to implement the FSL. Now that we know they are waiting on the publication and the President of The Republic we can relax and let this play out.

Kaperoni – Dinar Guru   …The new food security law has no new exchange rate…There is no discussion at this time in Iraq about a new currency,..there is no new currency or small denominations coming out in the near future…

Pimpy – Dinar Guru    Article: “NATO to Al-Kazemi: Iraq is a pivotal country in the region and the world”   We know that there are many countries that are eyeballing Iraq…they are the gateway to the Middle East.  There are a lot of countries interesting in getting their claws in on Iraq that’s for sure…

Tivon – Dinar Guru   Bottom Line. The FSL is working…Citizens Entitlements was apart of the package. And we already know what comes with that.   All of this being done without a seated government or 2022 budget. So how important is it really to the reinstatement if we are on the cusp of receiving everything without one? …

Mountain Goat – Dinar Guru   On Wednesday, the Iraqi parliament approved the “Emergency Support for Food Security and Development” law…Folks, this law has very little significance on the project to delete the zeros and the reinstatement…I can tell you with 10000000% certainty the new RV rate is NOT in this new food security law…

Clare – Dinar Guru  Article:  “The Governor of the Central Bank inspects the work of a number of private banks”   EXCELLENT!!!… GETTING THINGS READY IMO

Tivon – Dinar Guru  The HCL/Oil & Gas is the bottom line for everything that will fuel their economy…they can go this entire year if they wanted (Doubt They Do) without budget simply because “Purchasing Power” by default will come from THE HCL/NGO…Saleh said in an interview with Shafak News Agency; “The rise in Iraq’s hard currency reserves will increase confidence in the Iraqi dinar and will increase its stability...” He didn’t say a budget caused this. The reserves did. Which the FSL has access to in order to produce purchasing power for the citizens.

Militiaman – Dinar Guru  …Cat is out of the bag.. It has been now for about two weeks...They gift the Bank of England what looks to be like the NSCNs...This presentation is an epic one. It shows…the world that Iraq is ready to open for business….The sovereignty of a country is proclaimed by this action. We now watch the roll out to the international markets. That packet of currency in varying sizes and colors represents a new system that is being presented….One with a new value...The action represents, ” The People of Iraq and her sovereignty.”

Pimpy – Dinar Guru   Article: “The Iraqi parliament votes on the “Food Security” law and enters its legislative recess” …As ambitious as this sounds are they able to do this considering the Supreme Court continues to interfere with the government’s work? …This has been voted on.  It absolutely has been passed which is awesome.  This is great for the Iraqi people…Let’s see if…the Supreme Court interferes at all…

Militiaman – Dinar Guru  they voted on the FSL and passed it and they apparently stated they were to place sums into accounts awaiting a mechanism to distribute amounts allocated once passed…the ball is in motion and nothing is stopping it.. Imo… Looking forward to the next move..

Tivon – Dinar Guru  Article Quote:    “Quote: The First Deputy Speaker of the House of Representatives Hakim Al-Zamili, on Wednesday, blessed the Iraqi people to vote on the “Emergency Support for Food Security” law,”   let’s allow this guy to do his job. Today was about the vote, not necessarily the rate. We got that now. Let’s look for the other part. Hakim, take it away maestro.

Samson – Dinar Guru   Article:   “World Gold: Iraq ranked 40th, with 96.4 tons of yellow metal”  Quote: “Iraq has maintained its global position, indicating that its gold reserves represent 9.2% of the rest of its other reserves.”

Mountain Goat – Dinar Guru   The QMF system still maintains a $6+ IQD rate. Just remember they can still change the rate prior to going live and us going to the bank. We know they tend to run the new QMF currency valuation system every week and so if oil should suddenly take a dive (which I do not think it will) we could see a drop in the rate. After post-RV and Reinstatement to FOREX the IQD will most likely settle down around a $3+ rate and not over $4. I would be surprised if it did come out initially at $6+. Just saying this based on my own knowledge of this beast over the last two decades we have been following it.

CharlieOK – Dinar Guru  Article:  “Iraq’s parliament passes emergency food bill”   So, in the context of history, Sadr’s brilliant strategy has paid off. The MAJORITY of Parliament voted today to enact a Food Law.  For it to be reported that the so called Food Law passed, it would have to pass by a majority as defined by the corrupt Federal Court.

MilitiaMan – Dinar Guru  …Indeed all are awaiting the sum of the new exchange rate that will populate the CBIs spread sheet…They have set the Date for the EFSL for tomorrow [Wednesday]. The last day of the present parliamentary session. Why take it out to the last minute? Strategic play. Can’t let the cat out of the bag until it is show time. [Post 1 of 2]

Militiaman – Dinar Guru  Lets see if the EFSL, 2022 Budget, Automation at the borders with taxation, GOI sorted, Social Security and exchange rate fall into place all at once or even sequentially once the vote is done. They told us the sum would be available once voted on. That will require an international calculation to be applied to level the playing field internally and externally. imo [Post 2 of 2]

Nader – Dinar Guru   I want everybody to not be surprised if tomorrow [today] they vote yes for the Food Security but will not be any exchange rate in it...I’m certain have nothing to do with it…People who knows said this have nothing to do with the exchange rate.  Everybody be patient.  Something is coming up soon.  We don’t know what it is.

Pimpy – Dinar Guru  People are starting to rise up.  Who do you think is going to feel the pressure the most?  Do you think the Coordinating Framework gives a crap about what people do when they rise up verses Sadr who’s more for the people?  I’m curious to see in this game of chicken who it is it’s going to flinch.  I don’t think Sadr is going to flinch…

Tivon – Dinar Guru  The Oil Contracts, The Oil & Gas Law, The Border Ports, Taxes & Tariffs, Land & Border Ports, The HCL/NGO, The Private Sector, Retirement & Social, Security, Currency Auction Fraud, Electricity Sector, Export Revenues, Agriculture, Gold Reserves, Oil Surplus, Social Welfare, Ration Card, Private Sector…the list above is the main objective of the “Food Security Law”…The E.F.S.L…is where the “Purchasing Power” will come from...everything we wanted done for the past 10-15 years is being done under the guise of food security.

Mountain Goat – Dinar Guru  …we know the Central Bank of Iraq (CBI) is posed to go ahead with the project to delete the zeros. They only look forward to having a stable government in place to begin it. We know this event is followed by the FOREX reinstatement and so we are concerned about both events. At the conclusion of which we go to the bank to exchange. Oh boy……!!!!

Samson – Dinar Guru  Article:  “Iraq is the second country in the world in economic growth during 2022”  Quote: “Statista”, a German company specializing in market and consumer data, the Iraqi economy will grow at a rate of 9.5% this year and will rank second in the list after Guyana…In third place comes Kuwait (8.2%), then India (8.2%), followed by Saudi Arabia (7.6%), then Panama (7.5%), Niger (6.9%), then the Philippines (6.5%), Falcongo (6.4%), And then Bangladesh (6.4%).”

MilitiaMan – Dinar Guru  Article:  “Economist: Iraq Is Able To Revive Its Economy Through A New Road Map”  They are clearly telling us they are opening up to the international world. The infrastructure build out will require it and they know. Once the new exchange rate or financial allocation is put in to motion, the flood gates of growth will ensue…the CBI has had a good report from the IMF and World Bank. Their Credit Rating is about imo to increase again. All tell tale signs of what is to come..

Godlover – Dinar Guru Article “Al-Kazemi’s Advisor : The governments measures will support the provision of oil in the markets”  I will admit, I am starting to think you are onto something here. I am not convinced easily, but you are doing a good job in doing just that.

Pimpy – Dinar Guru   Article ” Iraq is the fastest growing Arab country..Why is this not reflected on the people?”  ...There’s so much great things happening in Iraq.  If the dang government would ever get formed, we can get some cooperation, get a budget passed, then things would be a whole lot better.  Iraq is the fastest growing Arab country.  Why is this not reflected on the people?  Great damn question.  [post 1 of 2]

Pimpy – Dinar Guru   Quote: “the International Monetary Fund expected Iraq economy to grow by 9.5 percent this year to be the highest in the Arab world…” …talk about a rebound.  They’re at a surplus now…all of the growth is based on sales of oil.  That’s really bad.  I told you Iraq cannot survive just on the sales of its oil.  Look what happened in 2020 when prices collapsed.  So if you want a stable economy you have to do way better than relying on just oil…  [post 2 of 2]

Kaperoni – Dinar Guru  The truth is Iraq with the assistance of many organizations is trying to build a private sector diverse economy...Can the Iraqi dinar go up in value? Sure can but it takes sound monetary principles, and economic success in order for it to do so…The Iraqi dinar is not some lottery ticket or some random act it is a country’s currency. Only with the success and growth of their economy can the dinar go up in value.

BobTheTaxMan – Dinar Guru  When it comes to fruition here’s the main things we need to be aware of in order to capitalize on this investment...First of all the IQD is an exotic currency without access to the foreign market.  Therefor it’s not treated as a capital asset. It’s treated as ordinary income and that’s really the key right there…we know our IQD investment will be considered ordinary income, not capital gains…  [NOTE:  At the appropriate time consult your tax professionals to determine the correct tax for your unique exchange strategy.]

Militiaman – Dinar Guru   Article:   “Zidane discusses with the Deputy Speaker of Parliament cooperation in enacting  “important” laws”  My view is they tell us clearly what is on the table. The ration card in it’s entirety is the food law, the electric it their life blood A/C and Fuel (energy) is the Natural Resource, Oil & Gas Law (NGO) or commonly the HCL…If that is the case, there is good reason to hide those sensitive issues…   [Post 1 of 2]

Militiaman – Dinar Guru  Throw in the energy card and we have some serious on goings. I like what we are seeing.  Quote: “after the law is passed, a breakthrough will occur in the entire political scene, including accelerating the process of forming the government, since the implementation of the details of the food security law will positively affect all areas that affect the citizen.”    [Post 2 of 2]

Samson – Dinar Guru  Article:  “Expert: Iraq Gets About 4 Thousand Dollars From Selling Oil Every Second”  Quote:  “And the rate of revenue per hour amounted to “13.792 million dollars.  per minute = 230 thousand dollars…”