Dinar Observer Daily

MilitiaMan – Dinar Guru    Article quote:  “…customs duties were zeroed, and the facilities granted by the Central Bank of Iraq related to the strengthening of balances…”   On Thursday they “ZEROED THE CUSTOMS DUTIES”. So customs now being ELECTRONIC and having Zeroed them out, would that not suggest they are ushering in the new dinar, as once they’ve  zeroed out the old, they electronically can, will or have had calibrated the electronic system for the new changes necessary for to bring in the new dinar? It sure looks like it…

Nathan – Dinar Guru  …I’m more than confident whatever this thing is.  Whether it’s the GCR.  Whether it’s an RV or RI or whether it’s a closed shop event reserved for the financial elites…top 25 banks and certain central banks in the world. I’m still very much confident it will be finished by the end of May.  In a sense that whatever this thing is some of it if not all of it will be public.  That may take the form of people walking into their local Wells Fargo branch and converting their IQD or even their Vietnamese dong I don’t know.  I don’t claim to know…I take real world data points from people I work with, people I transact with and I take this and it’s so compartmentalized and some of the people who are literally at the coalface of this thing do not have a holistic overview of what’s going on.  They’ve been given a directive do this.  You do that and why are we doing this?  That’s none of your business. As you Americans like to say, ‘a need to know basis.’  It really is that compartmentalized…

Pimpy – Dinar Guru  …whatever it is  [RV, RI, float etc] it’s obviously getting ready to happen here real soon.  It just seems that way…there’s something happening with the IQD…there’s a play on it.  There’s a lot of activity involved in this.  We don’t know what it is.  We’ll see over time where this goes and where this lands..

Nathan – Dinar Guru  …whatever this thing is I’m not saying it’s an RV.  I’m not saying this is an RI.  Whatever the play is on the IQD, and there is a play,  there’s no disputing that…by certain institutions.  But to be fair there has been for about 3 years now.  There’s been certain institutions positioning themselves in the IQD.  Sizable positions.  “Would you say there’s a lot more activity in 2019 that you ever seen before?”  The IQD activity revved up this year, beginning of this year at an institutional level, significantly above the institutional level that I was engaged with on my IQD transactions. 

Adam Montana – Dinar Guru   Article:  “After being assigned to form a government, Al-Kazemi makes three pledges to the people”   Quote:  “…As Kazmi, pledged that the work His government is to “solve crises and push the economy forward.”  Let’s go, al-Kazemi!  I was eyeing the appointment of Zarfi a little suspiciously…it didn’t seem like a permanent thing.  Maybe this is a shell game situation… keep an eye on the ball, which shell is it under? Mahdi here, wait, Zarfi here, no wait! Kazemi KAZAMMI KABLAMMIE!!

Nathan – Dinar Guru  …I spoke to a very very senior central banker and I asked him….look what’s this going on with the IQD?   I said I’ve run the numbers I can’t see how any of this stacks up but there’s obviously something going on.  He said something to me that I found eye-opening…he said in real basic terms…if certain (I’m not going to name names) but he said if certain institution get together – Do essentially a ‘frame agreement’ and they say the IQD is worth ‘this’ and they all agree then he said ‘Nathan, the IQD is worth that‘…

Pimpy – Dinar Guru  …our boy Zafari has stepped aside to let Al-Kazemi take the charge on the PM…I have to believe Zafari only gave up the opportunity to be PM to this guy Kazemi only because they happen to be on the same page…there is a lot of support for this guy.  Let’s hope that this guy is legitimate and he’s there for the purposes of the Iraqi people…

Dinar Investor – Jeff  …Iraq held two currency auctions this week… And they backdated them by three weeks…to Wednesday 3-18 and Thursday 3-19.  Why did they have those two currency auctions? …They pulled a fast one right under everyone and no one caught it.  The reason why they only had 2 currency auctions IMO…What they did right before you was closed out their year-end fiscal year for the year of 2019.  By them getting the books closed out it allows them to change the rate this weekend…

BGG – “As far as Exchange protocols have always been to have a DeLarue machine verify each currency. I assume it would still be a sanitary way to do it with minimal contact“]   …None of this is accurate. The De La Rue machine is not an automated authentication protocol. Anyone saying it is – or speaking as an “authority” on the subject is making it up as they go. It is a high end counter and “screening device” – IT DOES NOT AUTHENTICATE ANYTHING. I have spoken to the engineers who designed it (in London) on a number of occasions. This was their description directly to me. Had it been the device everyone is claiming – I would have bought (or leased) one. It is not.

Nathan – Guest Guru   Question:  “When you made the comment the RV is not going to happen overnight can you clarify what do you mean?”  I don’t know what’s gonna happen.  I don’t even know if this thing constitutes an RV.  All I know is that certain institutions see significant value up and above the current rate of the IQD published rate.  They have paid a significant premium for IQD…    [Post 2 of 2]

Nathan – Guest Guru   I don’t claim to have all the answers and I’ve been involved in this thing for a number of years so I know for a fact hence why I now hold IQD.  I know there’s a play for the IQD and there has been for a number of years because I’ve been in very very large IQD transactions between some very prominent international firms…every time I consummated a transaction when I did “ask” the lead…I was given ‘we can’t discuss that right now.’   [Post 1 of 2]

Dinar Investor – Jeff   Iraq as of this week has had two more currency auctions.  They had a very specific goal and tasks they needed to accomplish that only needed and required Iraq to have and hold two more currency auctions.  Iraq has now accomplished that goal.  They had no intentions of resuming them.  They had a very specific end goal that only needed two more currency auctions.  That tells you everything you need to know about the rate change…

Kaperoni – Dinar Guru   The IMF recommends that the CBI start.. “creating the conditions which would make possible a move to a more flexible exchange rate policy” (float).  This would prepare them for a more “predictable and gradual appreciation of the nominal exchange rate.”  We already know the plan is to float dinar based on the IMF statement above (gradual appreciation).

Nathan – Guest Guru  …I actually do know people in the CBI…I went to school in the Middle East…a number of my school friends are now in prominent positions in Iraq and two of which are quite high up in the CBI…the auctions started a couple days ago…the purpose of the auctions is to supply US dollars into the Iraqi economy…the majority of the dollars provided to the CBI are in digital format because the CBI receives its dollars from oil sales…I’ve been to the CBI auctions.  Very rarely does the CBI actually supply the physical USD currency for the auctions…the CBI auction’s main priority has been to distribute the digital US dollars into the Iraqi economy…I would expect the actual cash physical currency…auction within the next few days/couple of weeks…I don’t know that for sure.  It’s an educated guess…

Dinar Investor – Jeff    Article:   “The Finance Committee comments on the Central Banks’ decision to stop the flow of the dollar” ...the Central Banks goal is really to stop the flow of the U.S. dollar.  That’s their goal.  Remember that’s actually an article VIII requirement – they can only use the Iraq dinar.

MilitiaMan – Dinar Guru   Article quote:  “In the context of the corona crisis and its associated cash crisis, a new currency-foreign exchange mechanism or tool should be adopted to support the banking and banking sector, as the central bank of Iraq has stopped selling the dollar in cash to the exchange companies through Banks…and then they make payments according to the customer’s desire, either in cash or in the account balances of electronic cards to the public...”   This sure looks like the MEETING went well today. They are talking about the NEW CURRENCY! A MECHANISM to support the Banking Sector that will be facilitated by use for electronic cards… Wow, things are moving along now very nicely! imo.

Dinar Investor – Jeff   IMO I think that they’re now entering into week 4 for the RI rate change process…and I’ve told you that I felt through faith that I sensed that the rate would change approximately Easter Sunday April 12th.  Notice how the week we’re entering into Iraq magically has the cabinet lineup for votes.  The timing…it’s so perfect it’s not coincidence…they made it unfold just like a soap opera.  So magically perfect…they’re telling you they’re gonna finish the formation of the government this week.  Then they’ll change the rate next weekend.  Then right after the rate changes parliament will be ready to start the approval process of the budget sometime around the second half of April.  That’s not coincidence.  That’s all strategically planned.

Tman23 – Dinar Guru   …There is economic calamity and it is world wide . That being said, IMF released a statement saying it will be worse than 12 years ago. Buckle crew, looks like a global reset could be reality and that is the only dinar savior.  Never bought into the reset but it’s sure looking that it’s on the table and very likely… we are going to find out shortly because it’s really very soon or NEVER.

Dinar Investor – Jeff   Article “Central Bank:  The dollar’s appreciation will end this week”   …they’re basically saying during the current week they’re gonna try to implement some steps to reduce the high exchange rate or high value of the U.S. dollar.  They’re telling you roughly somewhere during next week or even within a week that they’re trying to… devalue the dollar within the country of Iraq…  [Thursday’s Article said] they’re basically saying around the next official holiday Iraq will increase their exchange rate…this article is telling you the same thing.  That within about a week they’re gonna curb the value of the dollar and reduce it.  You’ve got two articles telling you the same thing from two different angles…that’s amazing information.

Kaperoni – Dinar Guru   Progress appears to be made on formalizing the new government and prime minister.  A vote seems likely next week.  

BGG ~ Wait – what?!? Is this the sound of Kap being wrong again??? Asking for a friend…

Pimpy – Dinar Guru    Article “…the economic adviser to the Iraq Prime Minister Salih…the process of increasing the foreign exchange rate of the Iraqi dinar always occurs during the official holidays.  This is a natural and expected thing due to the current conditions…”    What are they talking about?  They’re talking about changing rate after the curfew.  After the crisis…Is the rate change ready to happen?  Is there any other articles out there that support this?  Yes there is!  Article quote “The Finance Committee comments on Friday the central bank’s decision to stop the dollar from flowing into the market with the aim of floating the dinar and reducing its value in order to fill parts of the budget deficit and the needs of the government.”  What does it want to do?  It wants to lower the value of the dollar by floating the dinar… [Post 1 of 2]

Pimpy – Dinar Guru   …what this guy is saying is that the value of the dollar is strong against the dinar.  They need to do something about that…We all know if they float the dinar that’s based on supply and demand.  We all know there’s a lot of people that want to buy dinar…So what they need to do is lower the value of the US dollar…How are they gonna do that?  By floating the dinar and allowing the rate to increase.  Go ahead, do the pee-pee dance!  It looks like a lot of this is lining up…quote “floating the dinar to fill part of the state’s budget deficit is impossible.  But it may be in harmony with the current situation to compensate for the shortfall of the oil revenues.”  They’re saying look we need to do something to fill in the budget gap because of the shortfalls of the oil.  And how do you do that? …They need to increase the rate…we might be at the doorstop.  Finally people!  Let’s not get overly excited.  But it’s starting to look really really good… [Post 2 of 2]

Chattels – Dinar Guru   Mahdi has “stepped away” but he has not “left his post”, It is a curious constitutional posture from what I understand.  Zarfi’s government, people and policy program, are arguably dead on arrival.  Both Ameri and Maliki oppose him.  The Kurds have said that they will not support any PM designate without a Shia consensus favoring that candidate.  While I put my money on an increase in value of the dinar, I must allow for the probability that Mahdi will stay until elections in 2022 if the/any government survives.

Pimpy – Dinar Guru   Article: “Al-Zarfi challenges the Shiite force and requests an appointment for the confidence session.”  This guy is ready to get in there…“the Prime Minister designate Zarfi said Friday that he will present his government program to parliament tomorrow Saturday with the request to set the date for the session to give confidence to his government...”  I feel like finally we’re gonna get what we want and that is a prime minister in there with his government…he has a really good relationship with America and the Trump Administration.  And this guy is not a fan of Iran…Iraq is starting to look like it’s stabilizing a little bit.  With this new PM going in there.  With this new government going in there.  And Trump going in there removing the influence and the grip of the Iranian people.  Let’s just hope it’s time…

Kaperoni – Dinar Guru   We know from past history that when the exchange rate gets out of whack it takes many months to get it back in line using the traditional auction. So the CBI statement today is very interesting. The CBI announced today that this weak dinar will change soon. And at the same time a member of parliament today stated that they stopped the auctions in preparation to float.  Though none of this is definitive it is very interesting and the pieces sound compelling that they may be going to float in very short order. But we’ll just have to wait and see…  [post 2 of 2]

Kaperoni – Dinar Guru   A couple of weeks ago A member of parliament came out in two articles that the central bank was about to float the currency. We never heard anything further other than those two articles. Last week the Central Bank of Iraq announced that they were going to stop the auctions temporarily. This is had a negative effect on the dinar market rate as it provides a balance between dinars and dollars as well as providing a source of dollars to pay for foreign imports. As of today the market rate in Iraq has dropped to 1260 to $1. This is a direct result of a lack of dollars available in the marketplace.   [post 1 of 2]

Tman23 – Dinar Guru   What a worldwide conundrum!   So what has a better chance of happening in the future  1) Iraq opens their market economy  2) there is a global reset of debt and currency values. Personally I tend to believe #2 is in play as a real possibility. And if a reset on world economies came about, it would affect #1 and their currency value … But waiting for Iraq to reach an open market economy with poor infrastructure and poor skilled labor pools with poor work ethics being the lynch pin to gain value to the currency along with a stable government… if that’s what Kap [Guru Kaperoni] is waiting on and follows 24/7…one word with a proven history proves it will never happen that way …that word is IRAQ!!

Dinar Investor – Jeff  …here’s another article that came out last night….. “The process of increasing the foreign exchange rate of the Iraq dinar always occurs during official holidays.”  …it’s not about the coronavirus it’s about the facts…the coronavirus was just a coincidence.  It was unexpected...Iraq has done too much and they’ve come too far along to put all their progress on hold…after 15 months of work…we are looking very good right now…

Mike Cottrell – Dinar Guru   As far as Exchange protocols have always been to have a DeLarue machine verify each currency. I assume it would still be a sanitary way to do it with minimal contact

BGG ~ Internet jibberish. None of this is accurate. The De La Rue machine is not an automated authentication protocol. Anyone saying it is – or speaking as an “authority” on the subject is making it up as they go. It is a high end counter and “screening device” – IT DOES NOT AUTHENTICATE ANYTHING. I have spoken to the engineers who designed it (in London) on a number of occasions. This was their description directly to me. Had it been the device everyone is claiming – I would have bought (or leased) one. It is not.

Adam Montana – Dinar Guru    …It’s April first, which means you can expect some pranks today… all from 6 feet away, of course!  …There will be no RV pranks in this Weekly update…The world is being shaken up like never before. There has never been a better time to watch things – unprecedented things – unfold right in front of us… Many thought the Stimulus bill passing like that just could not happen, just like many would deny the possibility of the Iraqi Dinar increasing in value.  It’s not just a “possibility”. This is something that is going to happen.  …Keep your heads up, stay safe, wash your hands, and GOOOO RRRVVVV!!!!