Dinar Observer Daily

Pimpy – Dinar Guru  Article:   “Oil surges on OPEC, gold jumps on inflation”  Here’s some really good news..oil is projected to go to around $150 per barrel.  Of course this helps benefit Iraq.  And no, the Iraqi dinar exchange rate is not going to change just because it’s getting more oil money…there are more things to factor in – A stable government, which they don’t even have one established.  Stable economy, which they haven’t even passed the budget.  Plus Iraq has to get away from the fact that 90% of the budget’s revenue comes from oil.  They are working very hard and great reports have been coming out that the private sector is being built…things are going in the right direction but it isn’t going to happen overnight but this is a major help…

Kaperoni – Dinar Guru  Community comment: “Feels like it was all a scam, and once again, I was a sucker.  Don’t think I will ever get rid of it, just in case, but, it sure has been a looooooong time, and nothing looks to have changed.”  The idea of overnight riches by buying dinar is a scam. Can the dinar appreciate in value? Yes, it is well documented that it can if Iraq builds an economy.

Sandy Ingram – Dinar Guru  Article:  “Economic center warns of the repercussions of delayed budget approval”  as you know Iraq was not for the 3rd time able to elect a new government.  There is a serious problem that is occurring.  The budgets need approval by law and this will cause serious economic issues if the budget is not approved soon…the existing prime minister is calling on parliament to come together to make the necessary votes so they can continue on with business…

Militiaman – Dinar Guru   We can see that there is a need for an exchange rate change and quickly. The street is being harmed and they are going into protest mode again…There is a parliament in place along with a legal caretaker government to do day to day business. That day to day business includes actions pertaining to budgets. The 2022 budget has been in the news to be sped up and presented in short order, imo…

Mountain Goat – Dinar Guru  …a financial advisor to the Prime Minister, Mustafa Al-Kazemi, described the financial situation in Iraq, which is derived from crude oil revenues, as “excellent.”  Quotes:  “Iraq is in an excellent financial position at the present time, as during the past month alone, oil revenues increased to 11 billion dollars, and this is a very large number that has not been recorded for five decades (50 years).” ; “this is a positive aspect, regardless of the profitability of the economy.” It is telling us that they do not really need to develop the economy to any great extent with oil being so high as they have been telling us all along. They can still reinstate the dinar with all these other revenues.  [post 1 of 2]

Mountain Goat – Dinar Guru  The IQD is being artificially suppressed and we can’t deny it any longer.  When will they finally reinstate it?   I am being told they need first a stable government, to limit the ability to steal money. So when this election controversy is decided they will move ahead with the project to delete the zeros, which we know, leads to the reinstatement soon after…Iraq is in a better position then ever… You heard this again and again how the leaders of Iraq want to move the country back to the “glory” days. They are right on track too to do this.  [post 2 of 2]

Pimpy – Dinar Guru   Article:  “Parliament will ask the government to send the 2022 budget”  As they should.  The current government that’s in control right now will continue to stay in control until the ones that were chosen and voted in take over.  And since that’s the case there’s a request for them to send over the 2022 budget.  We’re already in April and the budget hasn’t even been approved…

Deepwoodz – Dinar Guru  Article: “Al-Kazemi announces bold decisions to protect citizens”  You have Kadhimi proposing the Food Security Law that MUST be passed to protect the citizens but somehow he can’t do the same thing for the 2022 Budget Law? …they’ve had the budget ready since last year and they could certainly have presented it in October…Makes absolutely no sense...The only common denominator I see are the Iranian influence. They didn’t want to reveal it to the last parliament because of them. They don’t want to reveal it yet until they finish the process of creating a government without Maliki in particular and Iranian influence in general…Kadhimi will be the PM again.

Militiaman – Dinar Guru  My view is that there is way to much evidence that a change is coming and quickly... The liquidity issue if they haven’t printed new money, it is an injection of already printed large notes. Fairly simple to me. It is gesture imo on their part to make sure the poor has liquidity. There has been no proof there is any new large notes injected into the economy. If there was it would not be at 1460 or 1470, it would be worse...At this stage, that is highly unlikely to happen…they are geared for a level playing field with a fully IMF compliant Article 8 currency…The WTO is in the wings as well. They will not fully be international until they are in compliance. imo The world is watching..

Mountain Goat – Dinar Guru   “THE OLD PRICE IS COMING..POLITICAL FORCES AGREE ON A MAP TO REDUCE THE EXCHANGE RATES OF THE DOLLAR AGAINST THE DINAR”   But what is the “old price” they are talking about? 1450 –> 1120 OR 1450 –> $3+  Quote:  “The coordinating framework, with all its might, is agreed to reconsider the dollar exchange rate file through a supreme committee consisting of experts to develop a road map”  This roadmap to changing the exchange rate is already completed. It was completed in 2011. Remember the CBI is in charge of monetary policy not non-elected or elected officials…

Mountain Goat – Dinar Guru  You can clearly see on this chart what the rate of the IQD was in 1972. Today Iraq’s economy is actually much better and pumping more oil now than in 1972. The price of oil is also staying at records high today while in 1972 oil was very low. This article only gives us yet more proof that the rate of the IQD is being artificially manipulated.

BGG – Newshound Guru… So why, exactly, do things not look good for us?

1) Never in the history of this investment has there been as much open conversation about their currency value and monetary policy as there has been for the last six months (or year).

2) Iraq has a caretaker government in place – there is no crisis.

3) Their recent elections show a distinct bias towards removing corruption – they want reforms, BIG TIME.

4) Maliki is as close as he as ever been to having his crooked influence jerked up by the roots and removed – entirely.

5) If anyone doubts Sadr’s resolve and true intentions regarding “reforms” – He’s had nearly a decade on the sidelines to “stew on it” (where Maliki’s crooked dealings put him in the first place).

BGG ~ If true reforms are what we are after – why is any of this bad for this investment?

Clare – Dinar Guru  Article:  “A legal expert reveals a surprise: The caretaker government can send the budget to Parliament“  WELL LOOK AT THAT!!!… HOW NICE…. SO IT IS A POSSIBILITY!  THIS SHUTS DOWN THE IDEA THAT IT WAS NOT POSSIBLE BECAUSE LEGALLY IT IS…AND THEY ARE WORKING HARD, THE CABINET VOTED A BUNCH OF THINGS YESTERDAY …A NEW LAW (the food law) AND  Ports announce the activation of the customs and tax link program…

Bob Locke – Dinar Guru   [People are excited because you said you believe things are now “imminent”]  It had been so quiet and now suddenly I have had multiple calls and a lot of stuff going on….  A lot I cannot talk about but definitely things are happening. This is going to be an interesting week IMO…Everything is extremely positive right now.

Mountain Goat – Dinar Guru   The currency windows are now counterproductive to Iraq and is the problem not the solution. We all need to realize this and the Central Bank of Iraq does already realize this too. So, this gives us assurances that we are close and this reinstatement, our real goal, is close at hand.

Kaperoni – Dinar Guru   The concept or idea of a significant RV of the Iraqi dinar goes against every principle of monetary policy. There is no chance the central bank would ever significantly RV the Iraqi dinar. Central banks in general make money off the buy/sell of their currency. If the dinar was ever going to go up in value the central bank would do it gradually so they could make commissions off the buy and sell as it appreciates.

Pimpy – Dinar Guru   Article: “The deadline for choosing the President of the Republic and expectations or the intervention of the Federal Court”  Today was a deadline and there’s no president.  They can’t get a quorum going.  I was wondering what the courts are going to be able to do – It looks like we’re going to find our here pretty soon.  But yeah you have to have a stable government, stable economy…outside investors, foreign investors who are interested to go into your country to invest in it.  All these things are taken in consideration [for a new exchange rate].  We’re getting there but not as quickly as a lot of us would like…

Mountain Goat – Dinar Guru   Article:  “AL-KAZEMI AFFIRMED THAT IRAQ WILL RETURN TO ITS RIGHTFUL PLACE AND ITS COVENANT KNOWN FOR ITS STRENGTH AND HUMAN AND GLOBAL PRESENCE”  We appreciate when these politicians talk about “global” presence or anything international. It shows they are thinking on the right track. Remember just 5 years ago this was not the case.

Sandy Ingram – Dinar Guru  Learning how to improve your financial portfolio is a wise way to spend our time.  For instance, what if the IQD floated to .25 cents next week or next month? If you had 1 million Iraqi dinar to exchange – What would do with $250,000 to build your wealth?  There are hundreds of different answers to his question…research is always up to you…

Mountain Goat – Dinar Guru  …I must tell you what the CBI and the US Treasury are telling me. They are waiting for the govt to be formed, hoping that the Iranian influence will be under control and have the least impact on Iraqi politics. Also that the Sadr anti-corruption policies work.

Pimpy – Dinar Guru  Can actions of Russia help increase the exchange rate of the Iraqi dinar?  Oh yeah it could!  It absolutely could bring the rate back to where it was in the past…What did Russia do that could help Iraq increase the value of the Iraqi dinar?  They moved into the gold standard…through the sale of their oil…  Article:  “Russia sets fixed gold price as it restarts official bullion purchases”  What does this mean?    [post 1 of 3]

Pimpy – Dinar Guru  …You cannot buy Russian oil unless you use the Russian ruble.  Right now around the world they use…the Petrodollar.  In other words the United States dollar.  Russia and China had already agreed to start doing trade in their own currencies.  Saudi Arabia is agreeing to sell oil to China and Russia in their currencies and getting away from the greenbacks…these people are…moving us back into the gold standard…that’s going to strengthen the currency which is going to be strengthened by its gold and the gold is going to come from the sale of oil.  So what does that have to do with the Iraqi dinar?  [post 2 of 3]

Pimpy – Dinar Guru  …What Iraq and OPEC should do is the same thing…We already saw the Russian ruble was devalued right when they got put under sanctions but in less than a month it has already regained all of the value it had lost.  What do you think is going to happen to the currency now that’s it’s moved into the gold standard?  It’s only going to get stronger…if you force people to buy the oil using…the Iraqi dinar then it’s going to increase the purchasing power of the Iraqi dinar.  It’s going to make it a stronger currency because more gold is coming in, more people are forced to use the currency – think supply and demand.  Demand for the Iraqi dinar would increase big time…they should follow in the footsteps of what Russia is doing.  [Post 3 of 3]

RVAlready – Dinar Guru  I hope the court makes a ruling specifying the president, the PM, all the cabinet members, and the RV rate. I think these people have violated the constitution, and the federal court will now deliver the smack down. Anything else will just lead to more of what we have seen for the last several months.

BGG ~ None of the above happened… none of it.

Pimpy – Dinar Guru   This is good news.  Article:   “For adventurous tourists who are unafraid of the occasional military roadblock, the hot new destinations is Iraq” …I’ve seen many videos on YouTube that people are over there and they are sightseeing and there’s not been a lot of problems so that’s a good thing.  Tourism is a big money maker for Iraq.  Between oil prices going up and tourism increasing things are looking good for Iraq…this article goes on to say that tourism has increased over there in Iraq and more and more people are starting to go and visit.  This is a good thing for Iraq…

Sandy Ingram – Dinar Guru  ABC News Article: “Iraqi cleric steps back, asks rivals to try form government”  This information came out on Friday and is all over the internet.  For a third time, parliament was not able to form a government.  The Iran-backed politicians did not show up to vote for a new Iraqi president who would then facilitate the nomination and vote for the new prime minister.  This is what’s happening now:    [post 1 of 2]

Sandy Ingram – Dinar Guru   The clergy who won many of the parliament seats says he will back down for 40 days in order to give parliament time to build an Iraqi government…this news story comes to us from ABC News.   The theory behind the political boycotts is the Iran-backed politicians do not approve of the Kurdistan’s candidates for president and the prime minister…   [post 2 of 2]

Pimpy – Dinar Guru     Article: “The Sadrist movement enters a state of media silence throughout the month of Ramadan“  We probably won’t hear anything from Sadr during this time.  That’s probably why he gave them [Maliki and his Framework political block] 40 days to do something about it.  We’re obviously still stuck on figuring out how this government can be formed and who’s going to be responsible for forming it…

Petra – Dinar Guru  The world is going thru change…a bigger picture that will require Iraq to reinstate their currency…Putin is…demanding all transactions now to be in Rubles. Putin has also asset backed his currency with Gold. So what is happening? The Fiat system, as we know it today, is being threatened to drive the other currencies in the world to follow suit…Russia has a…strategy. Oil and Gold!!! What is Iraq rich in? Oil and Gold. My point being, they cannot stand on the sidelines too much longer and not get lost in the global economics of change occurring…NOW!   [Post 1 of 2]

Petra – Dinar Guru   So, sit tight, the GOI does not make the RI decisions…bad actors in Parliament, will force outside entities to push the CBI to move forward IMO…They are working and getting things done…In summation, relax, it may not be in Iraq’s hands much longer because the world…is talking!!!!….It truly is a circus but the true thinkers in Iraq are not getting lost in that craziness. They know what is important and they are preparing all steps to make sure they are ready when the CBI pulls the trigger… [Post 2 of 2]