Dinar Observer Daily

Pimpy – Dinar Guru    People keep asking me what my opinion is on the whole dinar thing – will they take 4 years?  No.  I don’t think so.  That’s just my opinion though.  I think there’s plenty of reasons to watch the currency go up in value…Now there is another thing going on all together. I’m trying to get permission to talk about this.  We think we know what the true reason is why it has not changed yet.  We’re just trying to get confirmation and permission to talk about it…

Brietling – Dinar Guru  Question: [The issue of the HCL or the Oil and Gas Law…Do you see this issue needing to be resolved before the value of the dinar increases?]   Nope.  They don’t need it.  Period end of story.  How does that effect the rate of the dinar one way or the other?…The hydro Carbon law is they’re talking about where the money is going that is brought in from selling energy.  Specifically US dollars.  It has nothing to do with the dinar at all.  

Sheila – Guest Guru   [IF it was going to happen or it has happened…IT WILL BE INTERNATIONAL NEWS. PERIOD.]  Yes, there is no such thing as an In Country Revalue. When this activates, it’s in a flash – FOREX.

Pimpy – Dinar Guru   This whole arena, everything is speculation…Just because I don’t always agree with the other youtubers that doesn’t mean I’m after them.  I just don’t agree.  We won’t always agree on stuff.  Some of you guys believe them too too much if you ask me because you guys lose your mind…stay grounded…you should want somebody to tell it to you straight whether it’s good or bad.  That’s what I would hope…

Breitling – Dinar Guru   Question:   [Since Iraq has devalued the dinar why would they turn around and add value to the dinar so quickly or is the process to add value still a long way off?]   Nope, they can do it overnight.  Once they start adding value how quickly can they get up to a buck?  I don’t  know that process.  They haven’t really talked too much about it or exactly what’s going to happen.  They’ve always said they want to get to $1.17.  Period.  End of story.

Dinar Investor – Jeff   Article: “Current Iraqi Dinar Peg Will Continue For Next Four Years”  This article is very negative for us because this gentleman works from within Iraq Central Bank and he’s saying that the Iraqi dinar value (the peg) will continue and stay in place for the next four years…basically saying the rate’s not going to change for the next 4 years…this article IMO was all BS...once we get past April 1st you’re going to start seeing a shifting in the news.  They’re going to phase out and stop talking about the budget and start talking about different subjects.  That’s a pattern you’re going to want to look for…

Pimpy – Dinar Guru   Obviously there is some news out there that people are concerned about and losing their mind over…  Article:  “Current Iraqi dinar peg will continue for next four years”  Let me tell you one thing.  The last time they said this was in 2014 that they weren’t gonna do any rate change for the next five years, guess what?  They didn’t do a rate change for the next 5 years…Is it possible that they’ll actually wait four years?  Yeah.  Of course it’s possible.  Seriously, that country is starting over from scratch... [Post 1 of 2]

Pimpy – Dinar Guru   Is this set in stone?  No.  Is it possible instead of waiting 4 years they might change the exchange rate before then?  Yes.  There are other factors out there that can cause them to change it ahead of time…they might be trying to get more people to turn in their dinar because they just give up…I will say this.  Before the Kuwait dinar revalued they came out on the news and told people that the rate change wasn’t going to happen for a long time.  Having said that I don’t want you to get your hopes up too high thinking that this was going to happen…don’t get overly excited about good news. Don’t get overly down about bad news…we just pay attention to what they’re doing. [Post 2 of 2]

Breitling – Dinar Guru   Question  [I heard Iraqi dinar are being exchanged for U.S. notes.  Please explain the difference between U.S. notes and U.S. dollars.]  There is none.  It’s just preference on what people call the U.S. dollar.   A U.S. note is a U.S. dollar.  It’s the same thing...Here’s the thing – What do you mean by “I heard Iraq dinars are being exchanged for U.S. notes.”  …How did you get the dinar you have?  What did you use to get it?  You used the U.S. dollar.  You’ve always been able to exchange… You used the U.S. dollar to get into the dinar…let me repeat this one more time…You bought your dinars with U.S. dollars so you can already exchange it for dinar.  That’s it.  Very simple.

Pimpy – Dinar Guru   Parliament…they want this rate change restored and they’re willing to make life hell for getting the budget passed.  Here’s what happens – the parliament can’t control the rate change.  That’s the CBI.  What parliament could do is refuse to pass the budget unless the rate change is in there.  That is possible.  Will they get what they want?  We’re going to see.  We got to pay attention.  Let’s see how influential they are…looks like there’s going to be some issues between the government and the CBI versus parliament…we’ve got a standoff…

Dinar Investor – Jeff   The budget – because of what’s in it Article 140, HCL oil and gas law those items make the budget married to the rate change.  When you see Iraq kicking the budget can down the road they’re simply tell you at this time they’re not ready to change the rate…there’s a big event they’re working on right now…they need more time.  They’ve got some things to work out in the back end…

Breitling – Dinar Guru   Question:   [If Iraq does nothing to increase the dinar in this year’s budget do we have to wait another year?]  No and it has nothing to do with their budget.  This is where people have problems.  They think they have to put something in the budget somewhere otherwise the value is never going to come out…No…The budget is what they owe and based on what they can pay back they don’t need that to add value to their currency.  Let’s say they come up with the budget and the next day it revalues and that completely changes the budget – No it doesn’t.  It changes the decimal.  That’s all it changes.  They just move the decimal over…They don’t need the budget to come out in order for them to add value to their currency.  

Dinar Investor – Jeff   Article:  “Parliamentary Finance resolves the controversy: There is no request to reduce the exchange rate”  This article is telling you they want to keep the rate exactly where it’s at at the request of the central bank.  It’s also suggested they have no intentions of bringing a 12-month budget forward.

Pimpy – Dinar Guru   What happens if they do change it to the $3.22 rate?  What do you mean what happens?  There’s a whole lot of us would be high-fiving, doing the pee-pee dance.  Think about what bills we want to pay.  This would be some life-changing stuff…A lot of money would be dumped into cryptocurrencies, gold and silver.  That’s what would happen.  I’d rather error on the side of caution.  I’m thinking they’re going to move from 1450 for every dollar back to where it was 1190.  Could I be wrong?  Yeah.  Maybe I’m wrong.  Maybe it could be the $3.22.  I would not jump this shark that far. Just stay grounded…

Dinar Investor – Jeff   This year you will not see a 12-month annual budget drafted or brought forward from Iraq.  Because Iraq is not doing a budget they will not be changing the rate at this current fiscal period we’re at now – around April 1st.  There’s not going to be any rate changes because of what they’re working on right now… 1460 that’s where it’s going to stay.

Kaperoni – Dinar Guru  There were many conflicting articles last December when the Central Bank of Iraq devalued the currency to 1460 to $1. It turns out they actually floated the currency for a short period of time...  Article quote:  “Under this pressure, and pressure from international institutions, the Iraqi authorities last December, a partial float of the currency, by reducing the price of the dinar to 1460 against the dollar…”

Dinar Investor – Jeff   Article:   “Legal expert: Parliament legislation is not binding on the central bank“  Parliament cannot do anything with the exchange rate.  Decisions on the exchange rate can only be made and decided by the central bank…

Pimpy – Dinar Guru  Article:   “We will oblige the government to restore the exchange rate of the dollar to what it was previously” What do they mean “previously”?  Did they mean previously to the $3.22 rate?  There’s a lot of that chatter going on – Or to the one I was talking about which is 1190 dinars…my opinion it would be back to where it was before which is one dollar for every 1190 dinars.  That’s just my opinion.  Could they be talking about the rate that it used to be at $3.22?  People are trying to figure out what this means…

Mountain Goat – Dinar Guru   Many of the MPs say they will now boycott the voting process and not vote on approving the 2021 budget except in the case of returning the previous dollar exchange rate to 1200. So as time passes and oil rises, they are making this a contentious issue. So again, I am telling you that because oil is rising and the CBI is still keeping the rate at about 1450 tells us there is much more to the devaluation of the dinar that meets the eye. It is now obvious that it is not all just about balancing the budget and paying off debt…It was also about collecting the larger notes out of circulation in preparation for the deleting the zeros project. This project will mean a revaluation of the dinar to significant levels that we as investors want.

Breitling – Dinar Guru  Where does my math come from?  My math comes from calculating on their debt plus 4% GDP growth.  In other words they get rid of their debt and they have enough money to get their economy running and encourage a 4% in GDP growth.  That’s where I get around a 56 cents range…Iraq says 1 to 1.  I say it’s going to be a slow growth from around .56 cents on up.  That’s just my opinion.  That’s just based on the math…It’s not going to do them any good coming in at .10 cents and if they do it won’t be for very long.  They need to go higher…

Pimpy – Dinar Guru  I know you guys hearing all kinds of rumors out there that in country they’re already exchanging at 1 to 1.  That’s not true.  There’s no evidence of that whatsoever…

Dinar Investor – Jeff  This weekend nor the month of April Iraq isn’t going to do anything with the budget.  They can’t.  Iraq’s not going to do anything with the exchange rate because it’s the Central Bank that calls the shots.  They’re the ones that are in charge of the monetary system.  They’re autonomous from the government.  They’re not going to adjust the rate at this time.  The rate is going to remain where it’s going to stay because the central bank is using it as a tool to remove 3 zero notes out of circulation up until the point the rate changes.

Mountain Goat – Dinar Guru   What are the CBI plans? As I promised I would I contact my source in the Central Bank of Iraq (CBI) this past weekend. Today I wanted to come on and tell you want I learned. Remember we needed to validate all the intel rumors that Iraq has already gone to 1:1, IQD: USD. The result of my long conversation with the CBI is that “NO” it had not revalued to this extent, but there is a plan underway to do it by the end of the year (2021)…

Dinar Investor – Jeff   Article:  “Kurdish Parliament: A new round of talks for the Kurdish delegation in Baghdad next week”  For the rate change to even happen, at a minimum, Kurdistan and Baghdad have to reach full an agreements on the budget.

Sheila – Dinar Guru   Article:  “Al-Saffar: Political disputes have delayed approving the budget”  My opinion is the budget is done – everything is done. All these articles are just theater… pushing for time until they get the “good to go”.

Pimpy – Dinar Guru   There is a political block…that is refusing to vote.  They’re boycotting unless the rate change is in there  [The 2021 budget].  But what they’re demanding is it be restored to…1190 for one dollar.  Some people thought that meant they would go back to the old rate.  I would love it if they did that.  Could they still do that?  Yes.  They might.  But there is no indication that they will.  Would they announce it?  No.   When Kuwait did their switch…in the news they told everybody that it wasn’t gonna happen for a while, then they turned around they did it the next day or the day after.  Anything is possible but first and foremost we definitely got to make sure…what’s going on in Erbil/Baghdad get their things ironed out so we can get this budget passed…now they’re postponing the vote for one week…

Dinar Investor – Jeff   There’s conflicting news…you have some articles telling you that everything’s kosher between Kurdistan and Baghdad and that they can resolve their differences and complete the budget next Sunday.  Then you had another article telling you no no wait a second this political block says nope that until that exchange rate gets increased they’re not going to be able to approve the budget…my gut is telling me…they’re not going to change the rate at this time.  There will be no budget approval…

Adam Montana – Dinar Guru   I’ m going to run through this one pretty quick, because it’s very simple to explain.  That’s a good thing. Simple = easy to conclude, which also translates loosely to “soon”!  OIL is slightly lower than in my last update [61.42], but it’s still in the “good” range.  Anything in the $60s is great, as far as I’m concerned! More importantly, however, is all the HCL talk…I can confirm this is true: Iraq is dealing with the HCL as we speak, and I think it’s going to get done this time. Article quote:  “It is noteworthy that the Oil Ministry’s sudden announcement of the draft oil and gas law coincides with marathon negotiations between Baghdad and the Kurdistan region regarding the latter’s share in the 2021 budget and the mechanism for managing his oil file.”   [post 1 of 2]

Adam Montana – Dinar Guru  The Budget was completed some time ago, and Baghdad and the Kurds were even in agreement on the original Budget that was preliminarily approved… the fact that there are now disputes, that are tied to the oil and gas law, tells us very clearly that they are not arguing over a few dinars… they are arguing over a LOT of dinars, which is also dollars.  My friends, we are closing in on a spectacular finish!  I’m looking forward to it. I know many of you are, as well.  Hang tight! This might get bumpy before it’s over, but OH BOY will it be worth it!!!  GO RRRVVVV!!$!$!$!$!!  [post 2 of 2]

Pimpy – Dinar Guru  I do expect they’ll go back sooner or later to that fiscal period from the beginning of April all the way through March.  Could it be this time around?  Maybe.  That’s why they’re stalling?  Could be.  But where are we?  March 20th.  There’s 31 days in this month.  If they’re going to try to make that deadline they have got to get this over and done with ASAP…Can they retro?  Of course they can.  Is the rate change going to be in there [the 2021 budget]?  There is a political block right now that is refusing to vote.  They’re boycotting unless the rate change is in there.  But what they’re demanding is it be restored to where it just was…1190 dinar per one dollar.