Dinar Observer Daily

Frank26 – Dinar Guru   IMO the budget that…is now going to receive an official exchange rate from a sovereign country that…will be shown to be under Article VIII…you can see very clearly that the action of many countries, many companies…they’re casting a shadow of the monetary reform.  They’re not going to come out and tell you, ‘Hey guess what?  They told us they’re going to raise the value of their currency.‘ Because they can’t.  It’s illegal to do that…a good forensic detective can walk into a room and tell you basically what’s happened in the last 24 hours in that room by interpreting the signs, the clues, the patterns...the monetary reform itself is naked.  It’s visible…

Clare – Dinar Guru  Article:  “Al-Kazemi: We are working to launch a comprehensive investment campaign in Iraq”    THIS IS A HUGE ARTICLE – KAZEMI  IS ACTUALLY MAKING AN ANNOUNCEMENT…  “there will be work to launch a comprehensive investment campaign with the participation of Iraqi and foreign investors,” THIS MUST HAVE THE NEW RATE! imo.  [Guru] FRANK26…told us…ABOUT THE EDUCATIONAL CAMPAIGN COMING TO THE CITIZENS…   “THE CBI/GOI ARE NOW GOING TO PUT ADVERTISEMENTS EVERYWHERE…TV COMMERCIALS… BILLBOARDS …NEWSPAPERS…REGARDING THE NEW CURRENCY THEY’RE ABOUT TO PUT OUT AND THAT THERE WILL BE A NEW EXCHANGE RATE FOR THIS CURRENCY” …WS [Guru Walkingstick] GAVE US THAT INFORMATION YEARS AGO!  BECAUSE HE KNEW IT WOULD BE SO AT THE END…AND WE ARE SURELY AT THE END NOW. IMO IT IS OBVIOUS!

Petra – Dinar Guru   Kazemi came out last week and said they need to get 90 billion dollars in their reserves and they’re only at 60.  That kinda freaked everybody out.  But if you think about it…if they were to come out with a strong rate…you’ve got to remember they’ve done currency swaps with a lot of other countries…Saudi Arabia, Jordan, Qatar, a lot of the GCC countries.  They all hold dinar…if Iraq came out and kept their 1450 it would absolutely tank that middle eastern basket.  All their currencies would drop.  You know that’s not going to happen.  That’s ridiculous… [Post 1 of 2]

Petra – Dinar Guru  If they come out really strong with their rate when they do their revaluation then all the middle eastern currencies that are the basket value increases.  Iraq has their currencies because they did the swap so guess what happens?  The reserves inside of Iraq skyrocket.  So to me, to cover that 30 billion is going to happen very very quickly if it hasn’t happened already. Not to mention the amount of funds that are out there that they are going to go and repatriate and bring back into the country that were stolen, smuggled or whatever.  It’s like $500 billion…yeah I don’t think it’s an issue at all…   [Post 2 of 2]

MilitiaMan – Dinar Guru    Everything is right here in front of us.

Pimpy – Dinar Guru  Rumor has it that a special person’s name we won’t mention…want you guys to send your dinar to him to get a special rate?  I’m going to say to you the same thing about gold or silver.  If you don’t have it, you don’t own it…

Petra – Dinar Guru   I am very excited.  We have never been to this place before.  We’ve never been in this position before.  We all thought things were happening.  We thought this was going to happen but we’ve never before have we been in a spot where we know it’s about to happen.  And it really gets me excited…

Militiaman – Dinar Guru  Saleh…obviously said this today for a reason.  He’s talking about not floating the currency.  He’s in a sense saying we’re not floating the currency but we’re going to do something possibly different…he’s saying that for a reason because this next stage is going to be very short and he’ll need to have communicated what he’s thinking.  Sometimes he tells you the opposite…they tell you what they’re not going to do…in this particular case  it sounds like he’s got it sorted that…he’s not necessarily going to float the currency…I’m not saying it’s 100% right but the implications is it should be a strong sustainable exchange rate…

Petra – Dinar Guru  The Kurds sent a message to Baghdad saying you have our approval.  We approve the budget now implement it.  And that’s a quote.  We approve the budget we are now ordering you and directing you to implement it.  They didn’t say implement in the next 25 days.  They didn’t say implement in 2 weeks.  It said implement now.  I don’t know what else to say about that…you got to move.  You’ve got to do something.  You’ve got to go…we’ve never been in this position before.  There’s always been reason and excuses of why it hasn’t happened.  But now it’s at the doorstep.  It’s right there…we’re very excited about where we’re at.

Mountain Goat – Dinar Guru  Article:  “ADVISOR AL-KAZEMI: FLOATING THE CURRENCY LEADS TO THE COLLAPSE OF THE IRAQI MARKET”  Salih is referring to dangers if they floated the dinar within Iraq using the program rate not reinstating and then floating it as an internationally traded currency on FOREX. The finance committee keeps pushing for an internal float. So what he is really saying is that if they are going to float the currency then first reinstate it and peg it to a “basket” of currencies for stability.

Breitling – Dinar Guru  People can say whatever they want.  But you’re sitting here watching somebody build a race car.  You ask them are you going to go racing?  Or are you building a race car?  [They answer] ‘No!’  Well you have a chassis there.  You’ve got the biggest engine I’ve ever seen, 6 point harness to keep you in in case you roll, you’ve got roll bars.  What are you going to use it for?  Doesn’t make any sense.  You have to watch what they’re doing physically...They’re not always going to reveal exactly what it is they’re going to do because they can’t because if they do say they’re going to revalue and the word gets out in Iraq they [the citizens] are not going to spend their money.  It’s going to cause a huge economic crisis…they’re trying to prop up their own currency.  That has not changed and will not change.  And that is exactly what Iraq is doing and you can have confidence in it...

Militiaman – Dinar Guru  I think you have every right to be excited about what’s going on.  I’m looking forward to seeing this final push for them to get this thing done.

Petra – Dinar Guru   We all know the budget was passed on the 31st and now the clock is ticking and the pressure is on…the heat is getting insurmountable that the CBI has got to make their move.  With that budget passed now all we’re talking about is implementation… Many of the article today they used that word implementation, to implement, implement, begin, get going, let’s move!

Mountain Goat – Dinar Guru  I am now being told by my CBI contact that they are moving ahead aggressively with the RV and will replace the older larger 3 zero notes very soon. This means to us RV time!  …Let’s all hang on to our hats. This is going to be a very interesting month ahead. We could end up rich at the end of the ride.

Pimpy – Dinar Guru  Question:  “Are the 800#s real?”  Are people still talking about the 800 numbers and redemption centers?  Good lord.  I think it’s been debunked a million times.  Be careful with that.

Kaperoni – Dinar Guru   For those interested, over the weekend after being signed off by the Iraqi president the Gazette posted the 2021 budget despite objections from several political blocks.

Breitling – Dinar Guru  The reality is…they are passing laws for a higher rate.  In other words to be able to manage a rate in their own currency.  They are trying to pay off as much debt as they can with the value of the currency that they have today so when it does add value they don’t owe as much.  They gain that much more…Iraq is doing all these things that supports their infrastructure that is going to add value to their currency – that supports adding value to their currency.  That’s how you know.  No country on the planet is going to tell you they’re adding value to their currency because it would literally stop the supply times velocity…

Pimpy – Dinar Guru  We need to figure out what the hell these [PM Kazemi] amendments are going to be in the budget.  I’m curious to see…don’t let people run you rugged…that the rate change was going to be in there.  We don’t know.  Cross your fingers and hope it’s true but until they announce it then we’ll know…it looks like Al-Kazemi is going to appeal the budget and make some amendments, some changes to the budget.   So cross your fingers…we’ll see…

Sandyf – Dinar Guru   The latest issue of the legal gazette which included the budget was issued 12th April and posted to the website today 19th April. Not that it will change anything.

Pimpy – Dinar Guru  Article: “Al-Kazemi:  We have succeeded in stopping the waste and the great corruption in the Central Bank auction, and we will not stop”  …he seems to be doing what it takes to clean up Iraq and to get them back on their feet where they belong.  They are a rich country…unfortunately the corruption is so bad and people are so greedy…these are the types of things [Cleaning up corruption] I like.  It’s a great reflection on the country when it comes to the international people…this is good.  We want to see the corruption being taken care of.

Frank26 – Dinar Guru   They will float it [the dinar].  And the reason why is because internally they have fixed it [fixed rate] and they will float it internationally…that float equals a middle eastern basket that the Iraqi dinar will be in there with the American dollar 1 to 1 and all of these other countries that are around the Middle East they’re gonna pour into that basket…maybe 6,7,8 different countries…those other counties will also be 1 to 1 with the American dollar.

Mountain Goat – Dinar Guru  Article:  “MEANING OF CURRENCY REVALUATION AND WHAT WILL HAPPEN IF IRAQ TAKES THIS PATH”  Quote:  “The act of altering the value of a nation’s currency relative to other currencies is typically influenced by market pressures. The pressure is now.”   The pressure is not going to end until the CBI completes the project to delete the zeros and the revaluation of the dinar against the dollar.

Pimpy – Dinar Guru  Article: “A Significant increase in dollar action sales to the Central Bank of Iraq”  People always get these confused.  They think they’re selling dinar.  That’s not what’s in the auctions.  The US dollar is what they’re selling.  What’s happening is they get paid all the time for the oil in the petrodollar – they’re US dollars.  They turn around and deposit into banks and the bank decide how many of them they want to keep… and they send over [the rest] to the CBI to auction off the money.  So when you see them sending more and more U.S. dollars it means they have more and more confidence in their own currency.  This is a good sign…we like to see it.  Continue to sell the US dollars and strengthen your own currency…

Mountain Goat – Dinar Guru  Article:  “ADJUSTMENT TO THE EXCHANGE RATE”   Quote:  “...which is likely to adopt the method of “managed float” in the next step in conjunction with the increase of central reserves,…”   this…verifies everything I have been saying all along… I talked about first the project to delete the zeros accompanied with an in-country revaluation to around 1:1, then a reinstatement on a managed float, pegged to a basket of currencies. But first right now they have to increase the CBI reserves, as Dr Shabibi did and was then were ready to go in 2012. What was the reserves back then? In 2012 it was around 90 billion. Just recently al-Kazemi announced the reserves were around 60 billion. So we can see it might take another 2 years (as the CBI just predicted) to reach the goal needed to go to the next step.

Petra – Dinar Guru   Anchor in what you know.  What do we absolutely know?   1.  We know the budget was approved on 3-31-21.  That’s a fact.  2. We know that the new budget hasn’t been entered in the gazette.  3.  Has the rate change been shown on the CBI?  No.  4.  Are there billions on the sidelines…private investors and companies waiting to enter into Iraq?  Yes.  IMO the frustration of folks comes when trying to figure out a date.  Can anyone influence the launch of the reforms or influence the date of the reinstatement in the public realm?  No…They cannot survive at the current program rate.  Nor will it come out at the program rate because the math just doesn’t work.  Anchor in what we do know – that they have told us it is coming.  We just don’t know when.  Stay the course.  Anchor in know that it is coming and relax.  You’re not going to miss it.

MilitiaMan – Dinar Guru  Article:  “After April 9, 2003 .. Prospects for Financial Development and Existing Challenges”   Quote:  “…the issuance of the new currency, which resulted in** raising the price of the Iraqi dinar and making it get out of the prison in which he lived during the era of the previous regime, and his purchasing power improved rapidly, with financial and economic measures taken.” And that “the Iraqi dinar, after 18 years, has become stronger than many currencies of neighboring countries, and others, regionally and globally, with the availability of a monetary block that is good compared to the Current circumstances…”   Let that start to sink in… The issuance of a new currency…One where they raised the price of the IQD… But be sure, imo…they are telling us what has been done and in my opinion to be exposed…imo!…(wink)

RVAlready – Dinar Guru   The CBI does not need the budget to be in the Gazette. They are setting the exchange rate for the currency. They do not require the budget in the Gazette to do that.

Holly – Dinar Guru   RV News: Iraq’s budget is to be printed in the gazette Saturday and we are looking for that. No news out of Iraq yet. I am not sure what time they publish the gazette. There are a lot of people that seem to think the budget will be published at the new rate. I actually don’t believe that is what will happen. I think they will apply the new rate to the budget once it is announced and if needed have an addendum or supplemental budget to make any other changes. We are so close everyone. I do not want to put dates or anything out but we are so close. Yes I know, we have heard that before. Yes but Iraq has never gotten this far and now it is proof where we are. They cannot not hold this back anymore.

Sandyf – Dinar Guru   When the budget is ratified it will be published by the MOJ and will appear on their …The only official English version of a budget I have ever seen is from the Iraq Law Library and that usually takes some time. The budget will be applied retrospectively to the 1st Jan, start of the financial year. The budget is a summary of income and expenditure and their is no exchange rate involved, the only exchange rate is the conversion of the budget from IQD to USD for interested parties such as the IMF.

MilitiaMan – Dinar Guru  the main thing is, is that they tell us the budget will be applied retroactively for many many months.  Implementing that retroactively from the 31st tells you them stopping the auctions has all been timed…for this particular purpose because it’s all about the exchange rate…it’s awesome.  Good deal.