Dinar Observer Daily

Kaperoni – Dinar Guru   Kuwait didn’t [RV] and there is a significant difference [between the Iraq dinar and Kuwait dinar situations]… Kuwait has around forty billion dinar in circulation and Iraq has over 100 trillion.

Adam Montana – Dinar Guru   […Once they open this window I believe this will grow overnight and not be able to hold the value down very long, who knows how high it will grow unless the CBI puts a cap on its growth.]   …Whether the CBI would put a cap on the growth or not… I am inclined to agree that they will. But there’s a strong argument for that cap being $1.

Kaperoni – Dinar Guru  …Nothing is moving fast in Iraq, they’re not in a position to do anything until they have a government, pass laws and have investment for the private sector.

Vital Brad – Dinar Guru   I’m just a regular guy with dinar.  I try to do research on it to figure out what’s going on.  I try to gather information… I don’t know if this is ever going to happen.  I hope, just like Kuwait, the Iraqi dinar revalues and the people ‘in the know’ benefit from it.  I’m trying to let as many people know about it as possible so when it does happen it’s not just elites ‘in the know’…

MilitiaMan – Dinar Guru   Article:  “Barzani: Joint work between Baghdad and Erbil contributed to Iraq’s exit from high-risk countries”  I like the sounds of this article, as it is in past tense. A good sign that there is consensus between Baghdad and Erbil. The linkage of the Kurdistan Regional Government to the global system is very telling. They are achieving success today and are saying that they will look back to today, as a turning point for a prosperous global future for the people of Kurdistan. This is a good sign of change to come…All good news.. imo.

Kaperoni – Dinar Guru  Tweet by Kurdistan PM Masrour Barzani – ‘I strongly welcome the EU’s decision to remove Iraq from  its list of countries at high risk of money laundering.  Now with increased cooperation and investment from the EU, banking sector reform and support will become easier to deliver for our people.’

Mountain Goat – Dinar Guru   ...we read in articles that it is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar. Iraq citizens say that they demand the return of the exchange rate of the dinar to its “normal” state. What is its normal rate?…I believe the CBI is pushing for the “glory” days of the dinar and this is their objective. This means reinstating it back on FOREX with a rate well over $3. We all need to remember that the true value of the dinar is NOT reflected in its current exchange rate even at 1120. [post 1 of 2]

Mountain Goat – Dinar Guru  …We are waiting for the CBI, IMF, World Bank and BIS to finally release the real rate of the dinar [that] will fairly and truly measure up the REAL VALUE already present in the economy, the oil and other resources of Iraq.  Iraq will never accomplish its goals as stated in the White Paper without the reinstatement of the dinar and globally trading it. The White Paper itself even tells us this is their objective to accomplish…  [post 2 of 2]

MilitiaMan – Dinar Guru  Article:  “The outlets announce an agreement with the customs to activate the customs and tax receipt program”   This to me suggests there is a game plan to going international.  They tell us the most important thing agreed upon is to activate the tax receipt program at the Border Ports Authority.  …The CBI has told us they have a new electronic system that is one of it’s kind and has interlinked with government entities already. We also know that AYSCUDA has a contract for this very subject and that the WTO is working to support Iraq in her ascension along the way…They are gearing to activate systems. That activation is imo going to require an international REER (Real Effective Exchange Rate) in place...

Mountain Goat – Dinar Guru …What I am told by the CBI is that they are planning a MAJOR rate change and reinstatement to FOREX as part of the White Paper reforms.

BobTheTaxMan – Dinar Guru  We’re going to take an example.  Let’s say the announcement came from the CBI…with an anticipated rate of .50 cents…So you take your 10 million IQD and you rush off to the bank and you exchange it for $5 Million dollars.  Yippie!  Your IQD investment finally paid off…you go home petting your precious money fantasizing over what you are going to spend it on…the lifestyle you have dreamed of is within reach.  The house, the car, the vacation, the toys – they all appear and your long dreamed of funds begin to disappear.  Now all the money is spent…whatever you set in payments is still there draining your income and your income cannot continue to support the lifestyle your fantasies created.  Then comes a letter… [Post 1 of 2]

BobTheTaxMan – Dinar Guru  …a letter from the IRS you are now owing them 40% of your 5 million dollars which is approximately $2 million dollars.  And then the state comes knocking saying ‘hey you owe them also’.  The dreams of a lavish lifestyle suddenly turn into a financial horror story because you have payments to the IRS and to the state which are freaking impossible.  The debts begin to take a toll on your life and your relationships are challenged maybe even broken.  Your financial security is completely destroyed and everything you thought the IQD investment would be is now a legacy of pain and guilt.  Now, take another look at the same scenario but with planning and preparation for the anticipated IQD revaluation.[Post 2 of 2]

Sandy Ingram – Dinar Guru   Article: “Central Bank of Iraq governor meets with head of Turkey’s banking licensing and supervision authority”  This is happening…The Central Bank of Iraq setting up bank branches in Turkey.  This was good news because it means investors possibly can visit a safe country in which to exchange Iraqi dinars and/or open a banking account and set up possibly 4% interest rate...

Pimpy – Dinar Guru  There is a lot of positive things working in Iraq.  We know these things.  We know the early elections took place and the government is being formed.  We know over the last year and a half Al-Kazemi appears to be the real deal Holyfield.  He’s been doing everything he could to get the corruption weaved out the the government- doing what he could to develop the private sector…so their budget isn’t reliant on oil sales…they’re finding new oil and oil fields.  They’re working on moving quickly through the WTO.  They’re doing what they can to remove themselves off the blacklist…we know our troops are getting ready to leave restoring the sovereignty of Iraq.  We know that their debt is almost paid off with Kuwait for invading them.  All these things are big…steps necessary to get to the revaluation of the dinar.

MilitiaMan – Dinar Guru   If they are openly telling the citizens and from what we hear…in Iraq that they are going back to the glory days. That will require Article 8 compliance. A rate of 1460 is not Article 8, nor is 1190 or even 1166…They’ll need the similar notes, as they had back in the glory days. Thus, they are said to be showing them the old notes in videos lately and still on going. …The new digital system will require them to have new currency and one they can monitor efficiently and transparently.  They have not destroyed 000s notes and reduced the supply of them as well, and…printed new notes to not change the exchange rate to get them on a level playing field like back in the glory days…Iraq has way too much value for them not to not raise the value of the Dinar.

Mountain Goat – Dinar Guru  …Do not give up on this. It is coming as my CBI contact says they are preparing the final stages of the executing the project to delete the zeros. Then they plan to then monitor for inflation and if this part of the revaluation is successful then they will move back to FOREX (reinstate) and then we go to the bank… Everything is being lined up for either very late December or early January. I am VERY excited!

Pimpy – Dinar Guru  There’s one heck of a report that came out on behalf of Iraq.  A really positive step.  Report  “IMF Staff Concludes Virtual Visit to Iraq”  the write up is really good.  To start off you can see that Iraq is definitely on track…they’re expecting a 12% growth in GDP.  That’s good…that is a nice little write-up from the IMF staff.  Of course it just indicates Iraq is definitely heading in the right direction. Their economy is strengthening…looking good but we still need Iraq to get yanked off that so-called blacklist over there in the UK…we need this election to be finalized and we need peace and stability to remain…we need the troops to get out of there.  All these things seem to be happening…

Frank26 – Dinar Guru  [interview with Firefly]  FIREFLY:  We now see the special commercial.  It’s on TV. We’re watching it right now.  They’re saying that the currency of Iraq is tomorrow’s future…They say the special will run through the weekend.  It’s at 9pm Iraqi time.  It’s a 1 hour show…  FRANK:  IMO that means you are just a matter of moments away before they show you what they are talking to you about…  FIREFLY:  This morning they said all was complete and expected Iraq to be fully compliant sometime in early 2022.  Then he said the time is now until we guide Iraq to the stage of the international acceptance of our country’s currency…  [Post 1 of 2]

Frank26 – Dinar Guru  [interview with Firefly]   FRANK:  ...IMO they have to show you what they’re going to give you first and then give you the exchange rate either simultaneously or just shortly after they show you.  They can’t just give these new currency notes in your hands because you guys will not fully understand.  It must not fail with you.  Once that step has been accomplished they will show a new exchange rate.  IMO the new exchange rate will be more toward the end of the year closer to the beginning of next year or it will be given to you on the 1st... [Post 2 of 2]

Wolverine – Dinar Guru  Just letting you all know that I have received incredible news that the RV is definitely going to be released and notifications will be coming out any day now. The meeting with HSBC went fantastic.

Mountain Goat – Dinar Guru  …there is one important issue I need to cover closely today.  It is the quantum financial system…They are now coming out in the public and talking about implementation of the QFS…The central piece of the QFS is to be able to track and convert existing currencies in the SWIFT system into a gold-backed Basel III, IV and V compliant currencies…I believe…they are now getting ready to implement the QFS currency piece. The piece that we investors are waiting for.  [post 1 of 2]

Mountain Goat – Dinar Guru  Of course there is much coordination with the CBI so that the RV and Reinstatement of the dinar will coincide with the timing…They can not implement the QFS for the currency reform piece until they are…Ready to release the new currency rates and SDR baskets.  Today they gave out news to the public to inform us that QFS for currency reform is coming shortly. This is amazing news and is one more item that points to the real possibility of our January 2022 reinstatement of the IQD with the new rate along with the other currencies in the new SDR basket. [post 2 of 2]

Pimpy – Dinar Guru    Finally a portion of the announcement I’ve been waiting for has arrived… Article:   “Lukoil announces the discovery of the Arido field in Iraq, with reserves of 7 billion barrels”  Remember I told you there was a big field of oil that was discovered and I didn’t know why they hadn’t announced the discovery of it yet but it should put them about as much oil as Saudi Arabia if not in font of them?  This is part of that.  This ain’t even the big one yet.  Now they’re starting to make this announcement.  I was waiting for this months ago.  I’m not sure why they delay…you can see right here they’ve announced, ‘Oh look we magically just discovered...’ I knew about this months ago (Guest Guru Nate was the one who told me about it)

MilitiaMan – Dinar Guru  …The project to delete the zeros from the exchange rate of the Iraq Dinar (IQD) is not new and has been on the table for many years of the Central Bank of Iraq (CBI). The project has had to evolve along with the education process for the citizens…Many obstacles have been in the path of success to actually deleting the three zeros from their exchange rate…the PM himself having survived …the recent attempt in the Prime Ministers life…assured the country that he was moving forward with reforms.  …There are many examples that project to delete the zeros is not something that is to be studied now, as it already has been studied and the study supports that it is time for implementation…

Kaperoni – Dinar Guru  Iraq is in IMF Article VIII [?] That is incorrect they are an article XIV. This is verifiable by going to http://imf.org and under Iraq choose Iraq’s position in the Fund.

Sandy – Dinar Guru  Article:  “Central Bank:  Move to open branches of Iraqi banks in Turkey”  The Central Bank of Iraq is in discussion to open branches of Iraqi banks in Turkey.  Does this mean we may be able to go to Turkey to exchange our Iraqi dinars?

Pimpy – Dinar Guru  Article: “Washington Post writer met Al-Kazemi in the bombed house:  The strike made the second term certain”  The attempt on his life most likely backfired because he has drawn a lotto sentiment from all factions out there…this is good news IMO…4 years with Al-Kazemi is going to be interesting to watch…he has done a lot in such a short period of time.  I’d like to see him continue that…we’re going to get to the bottom of things and then we’re going to hear the results of the election…next week coming up is going to be a really interesting week in Iraq…

Breitling – Dinar Guru  Question: “When Iraq puts value on its currency will it start out at .40 cents, .50 cents?  I’ve heard they want to get it to a dollar.”  That’s exactly what they want to do.  At a minimum they want to get it to $1.17.  Remember parliament, The Ministry of Planning, The Ministry of Finance wrote a letter to the IMF – ‘can you help us get our currency back to $3.25‘.  ‘Absolutely we can help you do that.‘  But it’s a process…the .50 cents and above – where that came from is what do they need to have a GDP that can maintain the country and help it grow at a healthy 4% per year and…help expand their markets.  At the point I was doing that math (it might have changed a little bit) it was like .58 cents.  The best math we could come up with.

Kaperoni – Dinar Guru  …The dinar has value. It is not a lottery ticket therefore it is not worthless. Hopefully with the success of their economy they will raise the value but it’s going to be overtime.

Pimpy – Dinar Guru  Article: “For the second day, the dollar exchange rate fell”  That’s right the dollar is losing ground on Iraqi dinar but it’s not like it’s huge leaps and bounds.  They’re very small but the dollar is becoming weaker and Iraqi dinar will become stronger…