Dinar Observer Daily

Pimpy – Dinar Guru    There are tons and tons of articles…about the exchange rate.  They want accountability.  They want to know what’s going on.  They want to know why it is that oil prices have been shooting up but the dinar rate still stays the same…we know the budget hasn’t been voted on yet so who knows maybe they will make a change to the rate in there…

MilitiaMan – Dinar Guru  The dissolution of the committee with the UNSC on Chapter VII is slated for finality on 02/22/2022.. I suspect the IMF will make the decision to accept the new exchange rate and re instate the IQD to Article VIII…Let’s see what they do next. I’ll bet it is going to be powerful!!!

Dinar Investor – Jeff   The reforms are waiting on the formation of the government and the next reform step is the rate change.  Basically everything’s waiting on the formation of that government and then we can all get blessed with our rate change.

Nader – Dinar Guru  We don’t want it like that.  We wanted at least 1 to 1.  We don’t want it on 125 or 144.  We don’t give a damn about that.  Seriously we don’t give a damn.  You know we’re tired.  Listen.  Each time I travel for business, for anything like that, it cost me a lot of money.  Tell you the truth sometimes I travel for business I lose money…125 doesn’t change anything for us.  We have to go back at 2002/2003.  The rate have to go back to normal.  This is not normal guys.  This message is not for you guys.  This message is for the government of Iraq.  It’s for the CBI…I want to reach the government of Iraq.  I want to reach my government.  I want to reach my people to let them know that’s it’s enough.

Pimpy – Dinar Guru  Article: “Baghdad markets are closed due to the decline in dollar exchange rate”  That’s interesting.  Quote:  “The exchange rate of the dollar fell against Iraqi dinar.”  That’s what you want – the dollar to go down against the dinar.  That means the dinar is gaining on value against the dollar.

Pimpy – Dinar Guru  Dinar rate change talk as usual.  Remember Sadr when he campaigned he said he was going to do something about the exchange rate.  Now having said that, calm down.  We don’t know what it means.  There’s people out there thinking they’re going to reinstate the old rate…$3.22…There’s nothing out there that proves that.  The only thing right now that we hear about is Sadr wants to change the rate back.  It could be the 1190 dinars for every dollar…but lots of news about this.  Sadr’s government is not even formed and already he’s putting a smack-down on criminals, corruption and doing something about helping the poor out by changing the rate of the dinar…

Militiaman – Dinar Guru  The need to keep things under wraps for the project [to delete the zeros] is very important. Evidence…not seen doesn’t mean there is none to be seen. It just may mean it is and rightfully so, not to be seen until the time is set for exposure.

Mountain Goat – Dinar Guru   Article:  “AN ECONOMIST CRITICIZES THE PERSISTENCE OF DOLLAR PRICES AT THEIR CURRENT STATUS”  By Wednesday of this week oil was as high as USD$95.

Samson – Dinar Guru  Article: “Rejecting his invitation to Parliament by Al-Sadr…The Minister of Finance sends a letter to the Prime Minister”   [The Minister of Finance is not going to Parliament to discuss the exchange rate.]

Militiaman – Dinar Guru  Article: “After al-Sadr’s tweet, the Iraqi parliament summons the Minister of Finance and the Governor of the Central Bank”  I’ll bet there is nothing in the world now that is going to stop this Man, Sadr.  He has been on fire for months now…He has told the citizens he was pro exchange rate change at the start this year. He is on track for that today, too…The CBI has the rate and the Finance Minister has the laws to allow the money to be spent. This not for later it is now, immediately…

Pimpy – Dinar Guru  Article: “Al-Kazemi’s advisor:  It is time to address the side effects of changing the exchange rate”  What do you think it means Pimpy?  I think it means exactly what it says.  They’re going to address the exchange rate.  I know what people want my answer to be but I’m not going to make that kind of commitment because there’s nothing out there that indicates this [A big RV].  All they’re talking about is changing the rate…I’m just gonna go on the assumption that they’re going to change it back to the 1190 dinar for every 1 US dollar…if they actually dropped it down 1050 dinars for every 1 dollar you’re looking at about a 27.5% increase…

Dinar Investor – Jeff  The Central Bank is telling us at this time especially through the fact that they’re working on doing a three-year budget, the reforms, everything else that they are on track to revalue the currency.  We do know they have to form the government first…

MilitiaMan – Dinar Guru   …The Kurds apparently have been tapping the oil kegs to the tune of up to $65.00 a barrel and for years and years on end…Sadr wants the HCL applied by the Federal courts decision… Well, the courts finally laid out the facts and that is the HCL is going to be appropriated fairly per Federal Law…lets not forget that there was a major event between Switzerland and Iraq regarding stolen monies…It is suggested to be in the hundreds of billions…All that money stolen will support this new exchange rate…

Mountain Goat – Dinar Guru   Article:  “IRAQ EMBARKS ON DIGITAL TRANSFORMATION AT ITIEX INTERNATIONAL”   We have known since 2011 that part of the banking reforms was to digitize the banking system and bring technology to point of sale out to the citizens. This will make it much easier to convert the three zeros later.

Dinar Investor – Jeff    Article: “Deputy Speaker of Iraqi Parliament to New York to participate in a United Nations Session”  Iraq…in June 2013 got out of Chapter VII sanctions and they went into Chapter VI…with the remaining money owed to Kuwait and then they recently paid Kuwait in full.  That brought them out of the Chapter VII sanctions.  At this point they’re no longer under any kind of sanctions from the U.S. or U.N…now this gentleman goes to New York to participate in a U.N. meeting session…they’re working with Iraq to get them into the international community…

MilitiaMan – Dinar Guru  Article:  “Mazhar Muhammad Salih talks about the dollar exchange rate in the general budget”   He knows the process…IMO.   Quote:  “fact of the move to raise the dollar exchange rate and fix it”  Then drop the three 000’s IMO.

Mountain Goat – Dinar Guru  “WORTH $27 BILLION… AN “IRAQI – FRENCH” DEAL IS THREATENED WITH CANCELLATION DUE TO DISPUTES”  Remember they also have a 500 billion deal with China and the “silk” road waiting in the wings too. Can it get any better? All they have to do is get the new government in place and make it an honest away from Iranian influence. Can Sadr do it? How can they possibly keep the dinar at 1/6 of a penny if these deals go through…

Kaperoni – Dinar Guru   Confusion once again referring to UN Chapter 7 as the ability for Iraq to float their currency internationally.  Chapter 7 has nothing to do with monetary policy which is guided by the IMF…The UN will probably recognize Iraq has completed payments to Kuwait …with little fan fare.

Militiaman – Dinar Guru  Article: “After the barrel price reaches 95 dollars, will the exchange rate be restored?” Quote “The current government is a caretaker government, and the political situation is turbulent, so it is unlikely that the exchange rate will be restored before the new government is formed.”  The CBI devalued the currency with the same government caretaker…it is not imo the main focus of the CBI. It may be a focus for propaganda purposes in the scheme of things, as past revaluations support that there is in fact a component of just that. Even Dr. Shabibi … mentioned that propaganda was one component of many.

Samson – Dinar Guru  Article:  “Three Countries Embrace $360 Billion Of Iraq’s Stolen Money”  Quote:  “…the total amount is estimated at about 360 billion dollars and deposited in Turkey, the UAE and Jordan…the UN Security Council urged Switzerland to cooperate with Iraq to return its smuggled money…”

Mountain Goat – Dinar Guru  Article:  “AFTER PAYING ALL COMPENSATION TO KUWAIT… HAS THE IRAQI ECONOMY BEEN LIBERATED?”  Quote:  “Iraq must submit a request to the Security Council, in order to transfer it from Chapter VII of the Charter of the United Nations to the provisions of Chapter VI of the Charter”  We as investors have waited since 2004 for this and now it is here…Hurray!!! It is all moving in the right direction. Better days are ahead.

Samson – Dinar Guru  Article:  “Criticism Of The Government And Assurances That The Budget Will Not Be Passed Without Adjusting The Dollar Exchange Rate“

MilitiaMan – Dinar Guru  Article:  “After the barrel price reaches 95 dollars, will the exchange rate be restored?”  Quote:  ‘Al-Maksusi confirmed the possibility of returning the dollar exchange rate to its previous rate, but not at the present time.‘  That is exactly what they are going to do, as promised by politicians. They are going to complete the project to delete the zeros…They are not going to to tell the world that they are going to change the exchange rate with a specific time and date. That would be suicide, likely illegal and or both… Not to mention insider trading, counterfeiting, leakage, etc., etc.

Mountain Goat – Dinar Guru   Article:  “AFTER PAYING ALL COMPENSATION TO KUWAIT… HAS THE IRAQI ECONOMY BEEN LIBERATED?” …removal from Chapter VII and movement to operating under Chapter VI will change the economy of Iraq...Operating under Chapter VI of the Charter will liberate the Iraqi banking system and integrate it with the global banking system, something that could not have fully happened while under Chapter VII…  [post 1 of 2]

Mountain Goat – Dinar Guru   …prior to this release any financial returns in hard currency (oil revenues) did not go directly to Iraq, but through the United States Federal Bank. So, in the future, oil revenues will go directly to Iraqi Central Bank (CBI)…Do you see where this is going? On Feb 9 in a UN council meeting, it was decided that the UN would release Iraq from all Chapter VII sanctions on Feb 22. In this case the US Treasury OFAC sanctions should also be released as well as any sanctions by the EU.  [post 2 of 2]

MilitiaMan – Dinar Guru  The WTO has had meetings with respect to Iraq’s ascension into the organization…Imports and exports are going to be on steroids once they interlink all the borders and ports with digital transparency. The income is going to support their new exchange rate, just as the gold reserves, the Sulphur , the liquid natural gas, oil, tourism, agriculture, etc..

Kaperoni – Dinar Guru   change is imminent as soon as the UN frees Iraq from Chapter 7 [?] Iraq has been out from UN chapter 7 for quite a while now…Paying off Kuwait the final post war retributions has nothing to do with UN sanctions.

MilitiaMan – Dinar Guru  Article: “Mazhar Muhammad Salih talks about the dollar exchange rate in the general budget”  IMO this sort of article from Salih is and was expected to come out… Quote:   “The Central Bank of Iraq revealed the fact of the move to raise the dollar exchange rate and fix it at the price of 150 thousand dinars for the $100 bill.”  If the fact is that the rate is to be fixed at 1500 that means they are right where they want be. Drop the three zeros and wa la.. $1.50 IQD / $1.00 USD…IMO

Mountain Goat – Dinar Guru  Remember currently the IQD RATE is NOT reflecting the true IQD VALUE…legally they needed to get out of sanctions and now with the release from Chapter VII fully and the Center for Banking Studies organized a symposium on removing Iraq from the European Union’s list of high-risk countries. Can the news get any better. Hang in there and be patient the gift if coming to us…

Militiaman – Dinar Guru    Article:   “Coordination framework: The new government will be resolved within the next two days”  The coordination framework is still insisting on all it’s forces. That suggests to me that they are in an all or nothing stance. Maliki is part of the “all it’s forces”, which Sadr has a problem with imo…on the table is an option to have everyone that is in the government…we may likely see that the government in place now goes for four more years… If the coordination framework decides that they will exclude Maliki, then again we could still see a similar line up for the next government... Seems that Sadr likes the line up and works well with them. imo