Dinar Observer Daily

Breitling – Dinar Guru  Question:  “With all the turmoil this past week, the US pulling out of Afghanistan and now the Taliban is in charge…How does this impact Iraq coming into the international market and potential revaluation of the Iraqi currency?”  If Iraq stays in the favor of the United States and favors its markets, it’s going to be fine.  Even with a little turmoil coming from Iran because they’re in Iraq already.  It’s not the type of threat people think it is for Iraq or the currency.

Pimpy – Dinar Guru   the less dinars you get for your U.S. dollar that’s better for us.  That means the dinar is strengthening.  It strengthens all the way to the point where you get more U.S. dollars for your dinar.  That’s what you want to see start happening.  That’s the direction we want to go into.  You don’t want them to devalue the dinar.  You want them to increase the value.

Frank26 – Dinar Guru  Article: “The Governor of the Central Bank confirms the provision of the necessary infrastructure to advance the reality of financial inclusion”  What does inclusion mean?  To be part of.  What does financial mean?  Their monetary reform.  What does reality mean?  The exchange rate that will be able to do the economic reforms.  This article is so powerful.  IMO they’re telling you the reality of monetary reform is being included in our economic reform, in our budgets, in everything that we’re doing in the country…it’s all there.

Petra – Dinar Guru   Yes…the countdown has begun imo…The international party in Baghdad is on the 28th? Lots of interesting things at bay! …  So why are they all coming? Kings, Magistrates, Prime Ministers, Central Bank Governors…not their representatives…them! Why? You all know!…   We are not calling that specific day. No dates…but close before or after this meeting has key logic to it!…

Breitling – Dinar Guru  Question:   [What’s holding the process back?]  There’s nothing holding the process back.  You’re in the middle of the process.  It’s a natural healthy process…It’s tough to revalue a currency…Iraq’s currency was devalued for a very good principle and they’re going to add value to it for an even better principle.  But the math is going to make sense and they’re in the process of it. 

Holly – Dinar Guru   Where are we, the news from all my sources is we have crossed a threshold and we have finally arrived at our long awaited time to come to the table. The funds have been flowing through the different levels and they will hit our level this week. …This week will be the start of many new beginnings!

Pimpy – Dinar Guru  Iraq has now launched a campaign and it’s going to start marketing its dinar.  Yes, they want to get people away from using the US dollar and getting back into using their dinar.

MilitiaMan – Dinar Guru   “A REPORT FROM THE CBI “A world summation...”  A few random key points:  “The addition of the Iraqi dinar currency in a (Buna) platform for Arab payment”; “Linking the Iraqi Stock Exchange with (RTGS) systems”; “The assessment of the Iraqi payment system and its compliance with international standards for financial market infrastructure was completed in cooperation with the World Bank…”   This report is going to open some eyes around the world be sure. The cat is out of the bag. imo…they have been at work a long time on the project and the fruits of their labor are about to be shown to the world. This report is imo huge and to be expected at this time frame too…

Pimpy – Dinar Guru  Article:  “The IMF’s Self-Serving Case Against Bitcoin”  Are they attacking cryptocurrencies?  Maybe.  Let’s think about this, yeah, they want their own central bank digital currency.  They don’t want anything to compete against it.  That’s one of the things I’m concerned about when it comes to cryptocurrencies…

Pimpy – Dinar Guru  Over the last couple weeks there are tons and tons of articles, tons of them about a lot of economic opportunity and growth taking place…they have the ability to start building up the private sector even more.  That’s what we want…that helps strengthen the dinar…

Breitling – Dinar Guru  Question:  [Will the upcoming [Iraqi] elections or the end of Iraq’s fiscal year have any bearing on the revaluation?]  No it will not.  Iraq is strictly looking at the markets.  They’re looking at how much they owe.  Remember one of the main principles – they want to get out from under the U.S. dollar.  Do they want the US dollar?  Absolutely they do.  But they want to have control of what they can spend and how they spend it and to do that they’re going to have to add value to the Iraqi currency.

MilitiaMan – Dinar Guru   …We all know…that there is to be Monetary and Economic Reforms in tandem that started months ago. This PM is one to make sure everything is in order and timely… The help of the Central Bank and Private Banks is all a part of the implementation of the afore two reform projects. One  of which is money. To get to a market economy a new exchange rate will need to be exposed…  [post 1 of 2]

MilitiaMan – Dinar Guru  The convergence of the new notes and the exchange rate needs to be quick and imo seamless.  Down to tellers and ATM machines.  The talk of the glorious history and it’s ancient glory to become again the beacon of light shown to the world is about to be exposed to the not only higher echelons, but, the citizens next, then to the world... It will also be a digitally transformed currency with all the glory of the past. IMO… Lets see what this weekend brings us…  [post 2 of 2]

Mountain Goat – Dinar Guru  Article: “DIRECTIONS TO DIVERSIFY SOURCES OF INCOME AND INCREASE REVENUE”  Yes, Yes, Yes…this is what the World Bank, IMF and the US Treasury has been screaming about for over a decade for them to do.

Mountain Goat – Dinar Guru   The news this period is all about implementing the White Paper…The good news is on Wednesday, Finance Minister Ali Abdel Amir Allawi set the priorities of the white paper. The Minister of Finance continues to stress  that “one of the priorities of the white paper is the reform of financial management systems. How can they do this without reforming the currency too?  As I explained before the CBI is moving ahead with planning for a January 2022 reinstatement. Will they do it? Can they do it?

Frank26 – Dinar Guru  Iraq is primed.  They’re already there and they’re announcing it.  They’ve worked well with the international world and now they’re working with the citizens to get them primed and ready to go as well because once they hand them the new currency and the new rate, oh boy it cannot fail.  They’re doing a good job.  Iraq is back.  Iraq is a sovereign country.  Iraq is no longer sanctioned…stop worrying about this.  You can see that it’s happening…

MilitiaMan – Dinar Guru  The exchange rate will remain the same for the next five years.  At a program rate – that’s not what they’re talking about as far as I’m concerned because that’s this phase.  The next phase is going international.   This is not an internal revaluation.  It’s going to be an external reinstatement revaluation.  IMO that’s why they told us they were going to have a directed or a managed float for 5 years.  This…is actually ‘knock it out of the park BIG’ as far as I’m concerned…if they keep it stable that’s good for you, me and everybody…

Frank26 – Dinar Guru…

FIREFLY – The news is showing us Iraq has purchased more than 300 advanced ATM machines.

FRANK – …They want to show you how to use them.  They can’t tell you it’s a new exchange rate.  They didn’t show you the new currency yet.  But they’re showing you everything else aren’t they buddy! …BTW they didn’t just buy them, they delivered them.

FIREFLY – they’re telling us these are the most advanced state of the art ATMs an individual can use.

FRANK – These ATMs are programed for the new small category notes and the new exchange rate…there’s a reason why they’re being activated now.  You know that reason because they’ve been explaining it to you for almost two weeks…

FIREFLY – …What they’ve been saying on TV has never been said to us before as Iraqi citizens…

Kaperoni – Dinar Guru  I have stated many times before only with the success of diversifying Iraq’s economy and creating a private sector can the dinar go up in value. Iraq has a lot of work to do. There is no RV coming today or tomorrow. Only with the growth of the economy can the dinar appreciate…Raising the value of the dinar is not some arbitrary event, it’s a reaction to a country’s economic growth and inflation.

RVAlready – Dinar Guru  They need to get the RV out to the street before September. End all foot dragging by everyone. Get behind it and push. End of story. Time for parliament to quit lining their pockets, and do something for Iraq .

Petra – Dinar Guru  Let’s be clear…We have never been at this stage before. Too many timed events are occurring that lead us to believe we are in a “no turning back” scenario…Yes, we are in a very strong and multi-faceted convergence all waiting on one thing!

Mountain Goat – Dinar Guru …I am warning you ahead of time…there is no new rate for an RV in any budget in the past nor will there be in the future.

Mountain Goat – Dinar Guru  …The Iraqi dinar was ripped off of the foreign currency exchanges namely FOREX on 2003. To get a new rate back they will first need to REINSTATE the currency. When they do they will use the new financial management system devised by the US Treasury in 2011-2012. It calculates the new rates on newer and more fair criteria. They plan to devalue or revalue many different currencies all at once when they roll this out. The banks now can see these new rates since they already have the electronic tie in to this new system...      

Kaperoni – Dinar Guru   Like I have said numerous times only with the success of Iraq ‘s economy can the dinar go up in value. It is not a lottery ticket. If and when Iraq decides to create a market economy/private sector and begins to diversify resources away from oil will Iraq begin to succeed. Only then will the dinar begin to go up in value.

MilitiaMan – Dinar Guru   Article quote: “The government has not implemented many articles and paragraphs of the general budget law for the current year until this moment due to the objection and observations of the Ministry of Finance and other ministries on the articles of the law, which led to the delay in its implementation.”  “Until this moment” they say.. Interesting the 2021 budget is in the news lately…They are not going to keep harming the citizens..imo… Fairly certain then if need be there is an emergency… It is called Article 8 with a new rate...lol We are imo seeing things shape up globally and gearing for a very big event…

Mountain Goat – Dinar Guru  The ONLY indicator of an upcoming RV for us now is to wait and watch for the launching of the project to delete the zeros…The CBI has just recently told me they are on notice within the framework of the White Paper that they will be launching this project. They could not give me a date because they have not yet worked out a firm date within the other projects and timelines…I want to explain how they will launch and roll out this project… [post 1 of 3]

Mountain Goat – Dinar Guru  So one day we will not just “wake up” and see a new RV rate on FOREX…Instead, the plan of the CBI is first to launch the lower denominations and replace the currency (thus the project to delete the zeros). This is our first sign they are moving ahead. They will then RV the rate very close to a dollar WITHIN Iraq and only within Iraq or maybe just delete the zeros so 1140 becomes $1.14 by just moving decimal over 3 places. Let me say it again – ONLY WITHIN IRAQ! If they do this technically it is not an RV it is just deleting the zeros as the rate is actually the same. Get it?...  [post 2 of 3]

Mountain Goat – Dinar Guru  But for us as investors we do not replace our out of country holdings on the currency with lower denominations as we are told these three zero notes will be held and used by the banks for inter-banking transactions in the future. So they will be worth lots of money. For instance, in my example: $1.14 x 25,000 note could be worth $28,500 US dollars. If they go to FOREX with a $3.65 rate a 25,000 dinar note could be worth outside of Iraq $91,250 US dollars. No, the Iraqi banks will not get rich overnight as they will have to turn in the larger 3 zero notes to the CBI to get the lower denomination equivalent. Get it? Nobody gives out FREE money. [post 3 of 3]

Mountain Goat – Dinar Guru   …today in our news for this period we hear that they have done exactly what Allawi said they would do way back from oct 2020. It is almost 9 months later but they got it done and our now moving head on implementing the White Paper. Boy are they so slow in getting anything done and that is part of their problem.  That is why we wait for the RV so long.

Breitling – Dinar Guru  Until they start passing laws the White Paper means nothing.  That’s number one.   Number two is Iraq doesn’t need to pass any more laws for them to add value to their currency.  What they need to do is just make sure they understand what the markets are as far as oil prices/futures are, be able to pay off their debt and then have enough information to add value to their currency…but economic reforms and stuff like that they don’t need that to add value to their currency.