Dinar Observer Daily

Samson – Dinar Guru  Article: “Al-Kazemi’s advisor reveals the end of the “Chapter Seven” era”  Quote: “Iraq has fulfilled its full obligations regarding the compensation for the Kuwait war, and its consequences, as Iraq has paid during the past 3 decades 52.4 billion US dollars…the Security Council in New York is scheduled to approve on February 22 the dissolution of the committee.“

Clare – Dinar Guru   Article: “U.N. Security Council Votes to Remove Iraq from Chapter VII Sanctions”  Quote: “The 15-member United Nations Security Council unanimously agreed on June 27, 2013 to remove Iraq from Chapter VII sanctions”  IMO THIS IS AN ANNOUNCEMENT OF THE DISSOLUTION OF THE COMMITTEE FOR THE PAYMENTS BECAUSE  PAYMENTS ARE DONE! … LIKE THE ARTICLE HAS SAID … THAT IS DIRECTLY FROM THEM… THE DETAILS SURROUNDING ALL OF IRAQ’S FILES WITH THE UN – NONE OF US REALLY KNOW…YES…. WHAT HAPPENS ON 2/22/22 REMAINS TO BE SEEN…IT IS AN INTERESTING DATE FOR SURE!

Godlover – Dinar Guru   Community comment:   “Has anyone thought about the possibility that the expression “previous era” is just a translation thing..that adheres more to the 2020 rate?”  Well, certainly to me it is looking as though that is probably going to be the case imo…My views would be a little different if there was any evidence on the NSCN’s &/or training, but there just isn’t any to date…

RVAlready – Dinar Guru  One thing to remember in these crazy revaluation stories: The Iraq public have been shown the new lower denomination notes. In order for those notes to be effective, the CBI must reduce the exchange rate to less than 10 to 1.

Mountain Goat – Dinar Guru   …article from November 2021..WOW!  “BASRA UNIVERSITY ORGANIZES A PANEL DISCUSSION ON THE PROJECT TO REMOVE ZEROS FROM THE IRAQI CURRENCY” ...this article definitively tells us that the project to delete the zeros is linked to a revaluation and the reinstatement of the dinar…you can’t do one without the other. But why would they be discussing this topic if they were not serious about taking some sort of action to bring back the dinar to a higher value and get off the program rate. This is a recent article only going back to Nov of last year…these articles they tell us when they say” bring back the rate of the dinar to its previous rate”, this is what they mean- to get off the artificial, suppressed rate and give the true rate to reflect the true value.

MilitiaMan – Dinar Guru  we are are still in a sweet spot for this RI and end result to come. There is so much to support that we will see the end game they have in store for themselves and along side the world. Iraq, is out of Chapter 7, they are implementing the activation of electronic borders and ports for fees, customs and tariffs. They are to integrate all provinces in short order.

Mountain Goat – Dinar Guru  Article:  “The financial advisor talks to “Nas” about the imminent end of the “Chapter Seven” era”  When Chapter VII is finally closed, the US Treasury will have to lift OFAC sanctions off the Iraqi dinar. WE know it and the banks know its coming.  We all know what this means…  Iraq will be free to reinstate the dinar back on to FOREX. Iraq will no longer need the permission of the IMF and the World Bank to reinstate… Yes, they may want their advice and blessing. Then we go to the bank…

Mountain Goat –    Article:  “THE FEDERAL GOVERNMENT SETS THE DATE FOR CONSIDERING THE CASE AGAINST ZEBARI’S CANDIDACY FOR THE PRESIDENCY”  Quote:  “the Federal Supreme Court announced the date of the lawsuit against accepting the election of the Kurdistan Democratic Party candidate Hoshyar Zebari for the post of President of the Republic as Next Sunday, February 13th.”  Will we even have to wait until Sunday or will they settle this more quickly? I think they are going to surprise us…

Samson – Dinar Guru  Article: “A United Nations body: Iraq has completed the payment of compensation for the invasion of Kuwait, amounting to 52.4 billion dollars”  Quote: “with the final payment of compensation that took place on January 13, 2022, all compensation awarded by the committee has now been paid in full.” She added that “the government of Iraq has fulfilled its international obligations to compensate all the claimants who were awarded compensation by the committee for the losses and damages they incurred as a direct result of Iraq’s illegal invasion of Kuwait.”

Clare – Dinar Guru   Article: “Setting a date for the dissolution of the Iraqi-Kuwaiti Compensation Committee”  Quote: “the United Nations committee charged with overseeing the process of Iraq’s payment of, compensation to Kuwait has completed its mandate after 30 years of its formation and paid $52.4 billion, while the Security Council in New York is scheduled to approve on February 22 the dissolution of the committee.“

Sandy – Dinar Guru  Iraq’s latest news is all over the news all around the world.  Article:  “Iraqi lawmakers fail to elect new president amid boycott”  On Monday only 58 lawmakers of parliament showed up out of 329 to vote for Iraq’s new president.  Parliament is the one who decides who the next president will be…no new date was set for the election and parliament cannot elect a prime minister until this issue is resolved…

Nader – Dinar Guru   Yesterday Al-Kazemi asked the CEO of the CBI why the dinar is low.  He said it’s because we don’t want to affect employees who get paid low…he said at 2/22 it would be at 1450.  It doesn’t make any sense.  Why do that – 1450 instead of 1460?  …I don’t think what I read was right…maybe I’m crazy I don’t know but it’s not very good news if they put it back up 1450…why you changing it at 1450?  It doesn’t make any sense.

Kaperoni – Dinar Guru   …the exchange rate is going to change with the 2022 budget. This is absolutely false there is no change in the exchange rate. The only way the dinar can go up in value is based on the success and growth of Iraq’s economy! …the CBI is telling us they want to raise the exchange rate back to the previous rate. False!! In fact, the Central Bank came out just a two days ago and said there will be no change in the rate!

Mountain Goat – Dinar Guru   Article:  “AL-ZAYADI: THE FRAMEWORK IS DETERMINED TO REDUCE THE PRICE OF THE DOLLAR”  Quote:  “...Muhammad Al-Ziyadi, confirmed…that the coordination framework is determined to reduce the dollar exchange rate in the event that he participates in the political process, pointing out that reducing the price will be one of the conditions for voting on the Prime Minister for the next government.”  So, we can the parties attempting to “politicize” the revaluation once again  but we know that the CBI and Sadr already responded and told us this is under the control of the CBI and is part of the process of the White Paper. These threats will NOT work.

Sandy – Dinar Guru  Article:  “Central bank of Egypt governor confirms his desire to visit Iraq and open bank branches”  Here is another indication that the Middle East is clearly making efforts to create a financial alliance among the Middle Eastern countries and in doing so investors may be able to exchange Iraqi dinars in safe neighboring countries like Turkey and/or Egypt… Quote:  “Egypt governor has confirmed his desire to…open branches of Egyptian Banks in Iraq as well as approve the opening of branches of Iraqi banks in Egypt“

Pimpy – Dinar Guru  Article: “The growth of hard currency reserves in Iraq to more than 64 billion dollars”  That little booger needs to continue to grow that’s for sure.  The more that grows the stronger the currency because this is part of what gives the dinar its value.

Mountain Goat – Dinar Guru   …In the summer of 2019 the Al-Kazemi government formed the “White Paper” which was published in the fall of 2019 in the midst of serious protests against the corruption…Then citizens presented a list of demands and so far they are following these demands and reforms. One of these demands is the project to delete the zeros and then to reinstate the currency. This is directly stated in the White Paper…It is just a matter of time and I believe this is the time…

Samson – Dinar guru  Article: “The growth of hard currency reserves in Iraq to more than 64 billion dollars”  Quote:  “Iraq’s reserves of hard currency, which includes the cash currency of the dollar, the euro, sterling and other other foreign currencies, in addition to the gold reserves amounted to more than 64 billion dollars,” noting that “there is a continuous growth in these reserves are hard currency.“

Godlover – Dinar Guru   Article:  “Postponing the election of the President of the Republic after the lack of a quorum”  Unfortunately, I am not surprised by this….

Sandy – Dinar Guru  Why do we keep talking about Iraqi oil…?    It’s because we are hoping the massive oil revenue in U.S. dollars will help Iraq to fix the country’s domestic issues and then revalue the currency…

Pimpy – Dinar Guru  A lot of times when people are having discussions or debates about what the Iraq exchange rate is going to be one of the things that pops up all the time is ‘it’s really hard to do a rate of $3 because there has been so many dinars created.  It’s in the trillions.  And because of that you’re not going to get the rate that everybody’s thinking.’  But I went through and read several articles and shown that they’ve taken a lot of that currency out circulation.  How much altogether is more of a guesstimation…we find more news about dinars that were damaged or taken out of circulation…$343 million dollars worth…It’s out of circulation.  We want that.

Mountain Goat – Dinar Guru   Article:  “FINANCE: THE ECONOMY HAS BEGUN TO RECOVER AS A RESULT OF THE REFORM STEPS IN THE WHITE PAPER”  Again I will add that the “White Paper” is what is going to get us the RV.

Clare – Dinar Guru  TAKE NOTE EVERYONE: “Legal expert Ahmed Al-Abadi revealed that if Parliament fails to pass the President of the Republic, the current president will continue his duties normally, until the next elections are held after 4 years”  AND PARLIAMENT HAS BEEN VOTED IN AND THEY ARE WORKING…IMO.

Godlover – Dinar Guru   I believe we will have our answer within the first quarter, good or bad. I expect the government to be seated, budget read, voted on & passed by parliament  within the first quarter. The opening of the 2022 budget is the ultimate thing I look for. Whatever it opens at, I believe will be the rate they use for the whole year.

RVAlready – Dinar Guru  Article:  “Article:  The House of Representatives ends its deliberative session and postpones the election of the President of the Republic”   [It’s official. No vote today]  I can’t see continuing the caretaker government indefinitely….I think the federal court will step in, if the stalemate continues…Usually, when the legislative branch causes a constitutional crisis, the judiciary steps in to solve the problem.

Kaperoni – Dinar Guru  If the dinar is ever going to go up in value (which I expect), it will be based on economic growth and success of Iraq’s economy.  Iraq has work to do by forming a gov, passing laws, creating a suitable investment environment…Iraq devalued the dinar about a year ago to encourage production in country and to reduce imports. So it’s clear until that changes and Iraq starts manufacturing their own goods, products and agriculture there would be no reason to raise the value of the dinar…

Pimpy – Dinar Guru  I heard rumors that you were told that there’s a time limit on it.  There’s no time limit on it.  There’s no tier one.  There’s no tier two.  There’s no special arrangement.  You just take the currency and get it exchanged.  Whether it’s at the bank or the foreign currency exchange place.  There’s no redemption centers.  There’s no 800 numbers…there’s no secret intel people.  One person knows when it’s gonna happen and one person only and he was mentioned in the article… hang tight and stay grounded.

Adam Montana – Dinar Guru   Great stuff, Kurds getting on board.  Also: oil is very high, so they have lots of cash…  Yes Sir!!!

Samson – Dinar Guru  Article “A deputy directs 4 questions to Al-Kazemi regarding the exchange rate and the financial abundance achieved “  Quote “the representative of the World Bank states (we have nothing to do with the decision to raise the price of the dollar, and the decision was purely Iraqi from the Minister of Finance and the Central Bank of Iraq…“

Mountain Goat – Dinar Guru   Article:  “OIL PRICE”: OIL PRICES ARE EXPECTED TO REACH $ 100 IN THE MIDDLE OF THIS YEAR”  And Iraq has what for a rate on their currency, a 1/6 of a penny?