Dinar Observer Daily

MilitiaMan – Dinar Guru   …from the articles out about the White Papers and having the extreme pressure to alleviate the pain of 1460…The change to another era is just as important now than ever. In my view, there is no going back… imo A good thing…imo.

Breitling – Dinar Guru   [What if we would have our money into bitcoin instead of IQD?] ...I’m not against cryptocurrencies.  It’s a great way to store value.  But there’s a huge risk here...What adds value to the bitcoin?  No body knows…they just shut all cryptocurrencies off in India …Because they noticed that the supply x velocity of their local currency was going down.  They traced it to people investing in bitcoin…that’s exactly what the United States is going to do.  I don’t know when that is because there are so many U.S. dollars out there…If they get shut off you’re not going to be able to exchange it for anything else.  You are stuck…That’s one of the most riskiest things I can think of... [Post 1 of 2]

Breitling – Dinar Guru   There is a whole group of people that plan on storing their wealth in cryptocurrencies for the rest of their life.  I can promise you it’s not going to happen.  Sooner or later it’s going to hurt the supply x velocity of the U.S. dollar and it’s going to get shut down…what actually adds value behind a cryptocurrency?  Nothing…What country is backing their local currency with bitcoin?  It doesn’t exist…That’s all you need to know…What can you buy with the cryptocurrencies?  You can’t…you can’t pay bills with it.  You can’t pay medical bills with it.  You can’t go buy a car with it...I’m not telling people not to get into it..But I’m telling you there is a wall and that risk is too big… [Post 2 of 2]

Dinar Investor – Jeff   Article:   “To the executive branch to the Central Bank of Iraq”  This article is not from the Central Bank of Iraq…you can only trust and believe what the central bank tells you.  Not these other groups…

Pimpy – Dinar Guru  Article:   “To the executive branch to the Central Bank of Iraq“.   Quote:   “the new exchange rate is required for the Iraqi dinar towards U.S. dollar which is 1 dinar equals 1 U.S. dollar.  That requires deleting the three zeros.”  That screws us by the way.  Quote:   “for example the 1000 dinar becomes the Iraqi dinar.”  In other words what they’re saying, if you delete the zeros the one thousand dinar would be equivalent to one U.S. dollar.  1 for 1…that means my 5 million dinars turns into 5000 dinars and at a 1 for 1 rate I would exchange my 5000 dinars and get 5000 dollars.  That’s what’s being suggested here… [Post 1 of 2]

Pimpy – Dinar Guru  …I don’t mind a 1 for 1 rate but you definitely don’t want them to lop off the zeros and devalue the currency that we are holding…we want the zeros removed off the rate.  Quote:  “…work in the future to return a new exchange rate each dinar equals $3 as it was previously.”  Not too shabby…I’m cheering that on.  I don’t like the lopping the zeros…don’t get me wrong, I do want to make money off the Iraqi dinar…but I just can’t stand to see an entire nation getting their ass ripped off by these global interest groups… [Post 2 of 2]

Dinar Investor – Jeff   Article:  “The Iraqi Parliament talks about the government’s presentation of a “new budget” in the coming months”   Iraq’s telling us they’re probably going to finish their budget by sometime next week.  So if they’re going to finish their budget why do they need to introduce the budget in the coming months?  It’s because they have the same exact fiscal year as Kuwait – April through March.  This is more confirming information...I know this for a fact because I’ve reached out and contacted the government of Iraq.  I have a contact in the government of Iraq that I’m able to talk to…everything is right on track and on time…we’re looking good…

MilitiaMan – Dinar Guru   Articles:  “The Kurdish delegation reveals the latest results of its negotiations with Baghdad on the budget” ;    The Kurdistan government confirms that a quasi-agreement has been reached between Baghdad and Erbil”  It looks to me like they have a deal since 12/2020 and now seem to be hammering out past arrears. …Looks like they have a new formula to use too. It goes to the thinking that a new formula is based of a future exchange rate differential. They will have to have be part of the electronic system at the borders to exclusively to the non oil revenues to the treasury.  Sure looks like…a digital requirement… A level playing field… They sure seem to suggest that they will have this sorted this next week or between now and then anyway...We shall see…

Pimpy – Dinar Guru    Article:   “Saleh: High oil prices will push the government to prepare a supplementary budget”  I already heard some of the gurus out there thinking that this is something to do with changing the rate…IMO nowhere on here does it say this would affect the rate of the dinar.  One of the reasons why they have a lower deficit than they had before is because they devalued the dinar.  So if they wanted to hurry up and be able to cover their budget you might not see a change in the rate of the Iraqi dinar…

MilitiaMan – Dinar Guru   Article quote:  “An economist warns of a decline in the citizen’s purchasing power as the dollar’s exchange rate continues to rise”   …a move to the private sector is upon Iraq…If not disaster looms… We see that the dollar auctions are not the same as they were in the past and now there are calls now for them to cease abroad as well, imo… That is powerful. 0 $ – Auctions, means to me a rate change is coming to offset the liquidity needed to run the country with new Dinar… Fairly sure that is the plan and the world knows it… As in the G7, UST, IMF, WG, WTO, BUNA, SWIFT, etc… All support the move and even a digital one…they are all involved in the architecture of the larger plan…imo…

Dinar Investor – Jeff   Since December to now, mid-February, both the World Bank and the IMF have shown their face more than they have before. Why?  It’s because both the World Bank and the IMF are bringing Iraq to the finish line…both the World Bank and the IMF are working with Iraq to bring their economy and country to the international world…

Frank26 – Dinar Guru    Article:  “Iraqi government to begin implementation phase of the white paper for economic reform”  What’s in the White Papers IMO?  A rate…those that are coming in that are going to rebuild economically the country of Iraq you think they’ve been shown this new exchange rate?  IMO hell yes!  Quote:   “The Iraqi government is preparing to begin the implementation phase of its reform program known as the White Paper for Economic Reform.”  …the implementation mechanism of the new exchange rate.  The white papers are coming out.   IMO you know what’s in them.  You can see the only way to launch, explode, implement the economic reform is by what?  First having the monetary reform…

Mountain Goat – Dinar Guru   Article:  “AN ECONOMIST: THE FORMATION OF A COMMITTEE FOR ECONOMIC REFORM IS A GOOD AND UNPRECEDENTED STEP TO IMPLEMENT THE PROVISIONS OF THE WHITE PAPER”   did you read it? I quote “FORMATION OF A COMMITTEE FOR ECONOMIC REFORM IS A GOOD AND UNPRECEDENTED STEP TO IMPLEMENT THE PROVISIONS OF THE WHITE PAPER.”   Yes, an UNPRECEDENTED STEP.

Dinar Investor – Jeff   This is not pegged to our calendar.  This is pegged to God’s Hebrew calendar.  Iraq implemented a 90-day tool on December 20th to reduce the 3 zero note count in the country of Iraq…that 90-day step ends Sunday March 21st.  The first month of the Hebrew new year is their 7th month.  It’s the month of Nisan…

Dinar Investor – Jeff    December 20th is when they officially started the reforms by devaluing the currency.  Why did Iraq devalue the currency?  That was a directive and a requirement by the IMF and the World Bank to reduce the 3 zero note count in the country of Iraq so the citizens don’t get rich…It was a 90-day tool.  That’s why they started it on December 20th.  Add 90 days to a Sunday and you got your rate change day

MilitiaMan – Dinar Guru  The recalculating assets, incomes streams from oil, border crossings, tourism, fresh new liquid natural gas income from halting its flaring, agriculture, mineral extraction, etc., all play a roll in the valuation process of the country and her currency. The budget needs the rate not the other way around.

Dinar Investor – Jeff   Who should we be listening to?  The only group you should be listening to is the CBI...the CBI has put out many articles where they said they’re going to delete the zeros (meaning change the rate) at the beginning of a new budget fiscal period...that’s exactly why I keep throwing you clues that Iraq is walking in Kuwait’s footsteps.  What did Kuwait do? Kuwait changed their rate on March 24th of ’91.  Why?  Because Kuwait’s fiscal year starts April 1st.  Iraq is no different…when the CBI talks those are the only ones you really need to listen to…

Mountain Goat – Dinar Guru   Remember…this year the Kuwait compensation will be all paid up and completed. This frees Iraq from any war time debt owed…

Dinar Investor – Jeff   …Is there any news we should be aware of?  Is anything major happening that’s critical?  The answer is you’re seeing the last final step right before your eyes.  It’s the ’21 budget...I’ve already told you when their fiscal is.  Their fiscal year starts April 1st.  I know that for a fact because I’ve reached out and consulted with the Iraqi government…that’s where we’re at.  The ’21 budget is the last step before the rate change…Iraq is very clearly walking in Kuwait’s footsteps.  

Pimpy – Dinar Guru  Article:  “The price of a barrel of Brent crude oil reaches $62.34”   It seems like it’s going up about a buck or so every couple weeks.  This is good.  Keep on going up.  I know we want Iraq to rely on something else other than oil but it sure would be nice if they got a lot of revenue higher than what they budgeted for. This can help them really start taking a lot of these monies…so they can start developing and reconstructing Iraq, provide jobs to the public.  This is what we’re looking for…as there’s more jobs that are available then…the dinar becomes stronger.

MilitiaMan – Dinar Guru  …Taxes and Tariffs, Liquid Natural Gas, Tourism, Phosphates, Sulfur, Gold, and on an on, will support their REER (Real Effective Exchange Rate)!! Big time...imo…

Mountain Goat – Dinar Guru …as far as I know, the only way they can pay for imports if they cancel the currency auctions is to use the dinar. If they use the dinar it will have to be globally tradable. Am I missing something? So, if it is globally tradable it will  have to be reinstated on FOREX. If it is reinstated on FOREX we get to go to the bank. Then only question is about the new rate but we have a good idea what the rate will be as we can see the proposed rates on the bank screens in a “on-hold” state. It is currently at $5 plus. Yes, I said it is over $5.00 dollars in exchange for one dinar. But to get this we will need to see the revaluation in Iraq first, deletion of the zeros and the end to the currency auctions. So there is lots to do but it can all occur very suddenly…

MilitiaMan – Dinar Guru   There has been some good things happening.  What we believe that we’re seeing is a change that’s being presented on foreign currency sites that shows some support for what we’ve been talking about…what the IMF…the AMF…and the Central Bank is converging to use a digital system….so that they’re going to use…less cash…from the IMF’s information, from the AMF information and for all the information about Iraq not wanting to hurt the vulnerable, the obvious is what?  Something different is coming…this whole thing is by design...

Mountain Goat – Dinar Guru   …I talked about Iraq joining the Bona service for currency exchange practices between middle eastern countries. I explained what this may mean for the Iraq dinar. Now they can pay for imports using the dinar. This will allow the currency auctions to finally end…

Mountain Goat – Dinar Guru  …another tip for us is to watch what the GOI is about to do with the collections of the customs and tariffs. They have told us there is an electronic service to be used for this collection process and that this service must be capable of accessing the international currency exchanges. How else would they convert the currencies to the countries of origin and destination? We have known about this service for a long while. They have tried in the past to use this service unsuccessfully since the dinar was not yet international they could not.

Mountain Goat – Dinar Guru  I have told everyone so many times already that the VERY BEST time for the CBI too reinstate the dinar is at the beginning of a new fiscal year. The fiscal year begins in January. They have no plans to change the fiscal year to April…  The new budget is not yet passed and opened to spend and so this is not yet over and there is still time that we might see something from all this. The CBI must now coordinate with the finance ministry on the auditing process to ensure they too are all set to go.

Mountain Goat – Dinar Guru   The finance ministry is telling us that they expect to pass the final 2021 budget this Saturday or Sunday. It is a two-year budget. Kurdistan is the holdup but as usual, they will work out negotiations with them and will need a few days to do so.  Even if all goes well with the Kurds, don’t expect a reinstatement the next day…Instead relax and know it is coming soon and you will probably not have to wait until the year 2022.

Petra – Dinar Guru   I want everyone to understand that they are throwing around a lot of confusion.  A huge amount of confusion…I believe we are in the end days of this…

Walkingstick – Dinar Guru  Lifting the 3 zeros from their exchange rate should be a hot topic in articles in the near approximate future.

Petra – Dinar Guru    Last Monday who was in Iraq ?  Everybody!  The UK .  The IMF.  The GCC.  The IGBC.  Everybody and their mother was in Iraq last Monday.  Did we hear what that was all about?  No…obviously they were there for a reason…when all those people show up…world renowned financial entities all show up.  Obviously something happened.  We can’t talk about it yet.  But clearly there’s evidence there’s been significant progress…