Dinar Observer Daily

Dinar Investor – Jeff   Back in 1973 the value of the dinar against the dollar was $3.37…Iraq is the wealthiest country in the world…Iraq’s worth more money than Kuwait…[The reason] Kuwait has the highest value currency in the world is when they changed their rate they unpegged their currency from the US dollar and re-pegged to the highest valued currency assortment basket…it’s called the KUNA basket…the value of their currency against the US dollar is approximately $3.28.  Iraq has more minerals in their soil.  They’ve got gold, lithium, diamonds, natural gas.  They’re the wealthiest country in the world.  There’s a very good chance that when the rate changes Iraq could…do what Kuwait did and unpeg from the US dollar and peg to that same currency assortment basket called the KUNA the highest valued basket in the world…

Pimpy – Dinar Guru   This is March 20th.  Today was supposed to be the big day.  What did these other youtubers say? ‘Boom!  Before you know it the budget was going to change.  We would get the big rate change and we’d be skipping our way to the bank‘…This is why I tell you don’t get overly excited about good news, don’t get overly down on bad news…I hear this all time and then I become the boogeyman.  Why?  Because I’m saying read…whether it’s ‘contract rates’…redemption centers… humanitarian projects…ridiculous 800 numbers.  To me all those things sound like scams.  They want you to send your dinar to that location.  Where’s your security?   …we all want the same thing…we want the RV to happen but there are other indicators out that we can watch for…slow down.  Hang tight…

Dinar Investor – Jeff  Article: “Parliamentary Finance: There’s is no adjustment of the exchange rate in the budget”   This article is China syndrome…in the past right before China reinstated or revalued the currency as well as Kuwait, both of them put out articles telly you they have no intentions of revaluing.  A few days later BAM Changed it…What have I been telling you?  Parliamentary Finance is full of B.S. and horse crap.  They lie to you…we’re not buying it…IMO Iraq is on track to change their rate this coming Sunday the 21st. 

Pimpy – Dinar Guru  There’s some things people are getting overly excited about…the budget could it be getting voted on?  That’s the rumor.  We’ll see.  Article:   “Parliamentary Finance: The budget is ready for voting, with the exception of a paragraph related to the Kurdistan region”  My understanding is that their constitutional law says they cannot pass a budget without the Kurdistan Regions part in there…Saturday were going to find out…They’re talking about voting on the 21st.  That’s the rumor.  We will see. [post 1 of 2]

Pimpy – Dinar Guru  …Will they pass the budget this weekend?  Many of us want to see the budget get passed so we can see if indeed there’s any changes to the exchange rate.  It’s my feeling even if there is one it’s not going to be like the one everybody anticipates.  It’s going to be most likely put back up to where it was before…1190 dinars for every dollar.  I don’t think you’re going to see any major changes in the rate.  No big announcements.  Not at the moment… [Post 2 of 2]

Dinar Investor – Jeff   Article:  “Deputy: Agreement to pass the Federal Court law today and pass the budget Saturday”  Pass the budget Saturday...4 weeks ago I told you you were not going to see the budget until Saturday the 20th.  Boom!  Nailed it!  Budget Saturday because they don’t want you to see it.  Remember I told you they’re going to change the rate roughly 24 hours later…

Pimpy – Dinar Guru  ‘You have to have a humanitarian project‘ – Where is that officially announced?  Where it that written that in order for you to exchange your currency that you legally bought, legally own, is legal tender, where does it say anywhere that you must have a humanitarian project?  …Every time I’ve asked that question the answer is ‘Well you don’t suppose they’re just gonna give that kind of money do you?  Yeah, yeah I do.  Why wouldn’t I?  If that’s your answer and that’s all you have then you’re just full of crap…where is your proof?

Dinar Investor – Jeff    Article:  “vote on budget bill will be postponed until after Newroz holiday: Iraqi MP” …I fully believe they’re still hiding the figures…I told you they might push this possibly until after Sunday the 21st…if they were to change the rate this month in March it’s got to happen by the 21st flat out…we have reached a brick wall with our factual data.  We are now at the point where we just have to see what happens over the weekend…

Dinar Investor – Jeff   Article: “Kurdistan Regional Government announce the suspension of official working hours on the occasion of Nowruz holiday”  This is a federal holiday – country wide…Don’t let them fool you.  It’s not just a holiday.  There’s bigger things happening during this period…on the 21st they will have the ISX shutdown…just so you know that was the same official holiday Kuwait utilized…for Iraq it will be Sunday morning round 7-8am their time when they change the rate…it’s got to be a Sunday… history is repeating itself and Iraq is walking in Kuwait’s footsteps…

MilitiaMan – Dinar Guru  Article quote:  “Passing the budget bill with the postponement of the vote on the Kurdistan quota and the exchange rate due to deep disagreements about them is impossible.” …talk about the postponement of the Federal Budget Law for 2021 is about the resolving of the exchange rate until a final agreement in that regard. Then look a bit further they have it ready and it is inevitable. So to have it resolved means they have already decided the exchange rate. They have agreed to…21-50% deductions in pay… All projects are stalled until the exposure of the rate...imo…  This data supports we are all in a good place... There is no way the Kurds would agree to deductions in salaries without an exchange rate to support it and that off sets the loss. Gear up it is getting real!…imo…

Pimpy – Dinar Guru  …you get people out there saying, ‘Hey, I’m going to get you a special contract rate.’  Does that make sense to you?   You think there’s a contract that some group of people are going to get a special rate more than other people for whatever reason?  Does that make sense? …if a bank gave groups of people different types of rates that would be a violation of the law.  We’re talking about banking here people.  You can’t just hand pick what rate each different group of people get…there has to be some consistency there…nobody is going to get you a special contract rate…

Dinar Investor – Jeff   What’s the #1 thing that they’re hiding from you….?  It’s the budget...why is the budget so important?  What does it mean?  What does it signify?  The reason I put a linchpin on it is because the budget itself is the linchpin to the rate change.  That’s why they’re playing the games in the media...when they finish the budget on Saturday the 20th IMO they’re probably going to change the rate about 24 hours later.

Mountain Goat – Dinar Guru   Article:  “MEMBER OF PARLIAMENT: PARLIAMENTARY SIGNATURES SUBMITTED TO RESTORE THE DOLLAR’S EXCHANGE RATE”   More pressure but many of these PM also want the project to delete the zeros and not just to go back to 1200 rate. They want at least a 1:1 and the lower denominations to come back.

Pimpy – Dinar Guru  Stay away from anybody that gives you a date, anybody who give you a rate.  The best anybody could do is speculate.  Some people take a more educated stab at that date and rate…some people are just farting in the wind hoping something sticks.  Don’t get caught up in that stuff.  Stay grounded…does that mean that an RI or an RV won’t be announced?  I didn’t say that.  It could be announced any day.  But there’s no guarantees out that that day is going to be here any day soon.

Dinar Investor – Jeff   IMO Vietnam needs more time…easily another year…IMO no other currencies will go with the Iraq dinar…the Iraq dinar is the only currency you’re going to see change the rate at this time.

Dinar News Update  The CBI has maintained less than 2% spread between the Dinar’s official rate and the market rate for approximately 82 days.  This means the Dinar is within 5 days of fulfilling the IMF’s 2% for 90 day rule.  Many feel the Dinar cannot RV/Increase, graduate to Article 8 and become international until this milestone is met.  If the CBI maintains the market rate at the current rate this rule will be met on March 20th. Stay tuned to see if Iraq ascends to Article 8 and international status.

Pimpy – Dinar Guru  There’s nobody from an official capacity who said, ‘Hey, we’re going to be swapping lower denominations for higher denominations.‘  That usually happens when we do what’s called a LOP. That’s when they knock the 3 zeros off the dinar, not the rate exchange, the dinar.  That’s devaluing the dinar.  In other words on million dinar all of sudden becomes worth a thousand in ours [dollars] because they took 3 zeros off.  That’s not a good thing…I never seen an official announcement that lower denomination were coming out yet.  I do know for a fact that they exist.  I got confirmation on that and I was allowed to share that information…It’s just a matter of when.  That’s what everybody has been waiting for. 

Dinar Investor – Jeff    I’ve been telling you that if they’re going to do the rate change this month in March, their back wall for March has to be Sunday the 21st to do it.  The reason why is because…they would need the last week of March to complete the suspended laws…they just need one reading and they’re done…we’re in great shape…

Pimpy – Dinar Guru  There is a lot of talk still about the exchange rate.  Will they come out and make some RI/RV announcement?  It’s possible but not likely.  I think if anything we’re going to see it go back up to 1190 dinar for now but only for a short period of time.  I think we’re going to start seeing…a ‘dirty float’ which is a managed float – just little by little they’ll change the increments over time…

Dinar Investor – Jeff   I told you to add 90 days to a Sunday after December 20th when they devalued it [the dinar].  It takes you to Sunday March 21st.  As we’re approaching March 21st you can clearly see all Iraq’s news is right on par – how they’re completing the budget, adjusting the exchange rate and everything’s right at the cusp of happening exactly at the 21st.  I mean it’s a no brainer…

Dinar Investor – Jeff   No one knows what the rates going to be…I feel the true final rate will be around $3.80.  that’s my opinion.  I want to put out a possibility…Iraq devalued their currency to get 3 zero notes out of circulation in Iraq.  They could do something similar to that for you and I.  They could release a sucker rate of 1 to 1…They did it for 90 days in Iraq with the devaluation – I think they’ll do this 1 to 1 sucker rate again for 90 days.  You’re gonna want to pay attention…after that 90 days that’s when they would hike it…around Sunday June 20th.  [Post 1 of 2]

Dinar Investor – Jeff   What should you do with the one dollar sucker rate?  …most people will have some quick bills they have to pay so a simple recommendation maybe just go exchange…just enough money to keep your head above water…and then once the rate goes up to a higher mark after the 90 days then you can go cash out the bulk of it.  But even after 90 days the rate can still go higher than that so I don’t recommend rushing this thing.  You have to remain patient with it.   [Post 2 of 2]

MilitiaMan – Dinar Guru  …Very important adviser [Salih] stating that the White Papers need activation or nothing will get done. Talk about being open about it!! They have no choice now. They need the rate to be exposed.. Without saying it directly, he is saying it.. imo...

Dinar Investor – Jeff   Article: “Political agreement to pass the oil and gas law”  Oil and Gas Law is oil profit sharing for the citizens.  It’s still outstanding…Why hasn’t it been implemented yet?  It can’t be.  It’s waiting for the rate change. That’s why it’s still outstanding…In order to implement it they have to change the rate first.  Then they can amend the constitution and then they can implement it when the budget goes active on April 1st.  Boom!  …all of this is coming forth now.  You guys are in the best position.  We’re golden.  This thing is locked and loaded.  You are right on the cusp of it…

Mountain Goat – Dinar Guru   When will they vote on the Oil and Gas Law? They will probably take this up soon too along with the referendum for Article 140. Both of these laws have been ongoing as pieces to the Oil and Gas law have already been voted on and are now effective laws. But the KRG needs to assurances (by legislated law) how this territory in article 140  is to be managed and by whom and will need the funding from the GOI to do it.

Mountain Goat – Dinar Guru  Article:  “INTERNATIONAL MONETARY FUND REVEALS LOAN TERMS, CONFIRMS SUPPORT FOR WHITE PAPER AND EXCHANGE RATE CHANGE”   I am hearing that Iraq may not be taking this IMF loan after all as oil is rising very quickly. This is a very good sign…

Dinar Investor – Jeff  Article:   “Parliament announces the completion of the vote on the draft law of Federal Court in Monday’s session”  The fact that you see them getting this law done now confirms to you that the rate change is here because this law had to be delayed and timed with the rate change.  They could only bring it forward when they’re ready to change the rate.  That’s what they’re doing right before your eyes…more good news walking you into next weekend for a rate change…

Mountain Goat – Dinar Guru  As oil prices rise Iraq is bouncing back. We see them accumulating yet more funds in the CBI reserves.  This is all very good!  They will need this to RV. Remember that in 2012 Dr Shabibi has nearly 90 billion in the reserves and kept the provisional rate to 1166.  Remember Dr Shabibi planned to revalue the currency in 2012 and then reinstate it in early 2013. So, in today’s day and age and all that is happening in the USA I would not doubt that an RV could happen before they opened the budget…

MilitiaMan – Dinar Guru  Article:  “Adjusting the exchange rate of 1200 dinars … Deputy: The decision is exclusively in the hands of two parties – urgent”  Quote:  “Obligated to return the exchange rate to what is was and what is stated in the 2021 budget…”  Well that is the million Dinar Statement of the Decade imo lol… What is that rate at which they speak? If it is the program rate, why hide it? They wouldn’t… This article…is a doozy...

Dinar Investor – Jeff   December 20th they devalued the currency.  That was the launch and implementation of the reforms.  That was nothing more than a 90-day tool in preparation for the rate change to withdraw and bring in 3-zero notes from the citizens and within the country of Iraq .  So Iraq has already technically started and have implemented the reforms by devaluing their currency…March 21st is a holiday we’re looking for.  It’s the same exact historical Sunday when Kuwait changed the value of their currency in ’91...that’s our best guess as to when the rate’s going to change…