Dinar Observer Daily

Sandy Ingram – Dinar Guru  Article:  “Iraq’s oil revenues rose to 11.4 billion dollars in May”  We were so busy with Iraq’s government gridlock that we did not acknowledge oil revenue for May.  Iraq’s oil financial revenues in May of 2022 were 11.4 billion up 93% from May of 2021 where the oil revenue was $5.9 billion…paid in U.S. dollars for last month’s oil revenue.

Tivon – Dinar Guru  The 2022 General Budget…is for “New Projects”. The Food Security Law” is for stalled ongoing projects that was never spent in the 2021 Budget…That’s why they also stated that the 2021 budget was supposed to raise the value of the dinar. Since it didn’t they will just use the FSL to and whatever money is left over in the FSL will also be put in the 2022/2023 budget.

Pimpy – Dinar Guru  Here’s the deal.  They offered Sadr to come back into the government.  They encouraged him and his deputies to come back into the government.  Sadr turned them down…the word is he has turned them down.  It’s a no.  Sadr is not coming back.

Mountain Goat – Dinar Guru   Article:  “THE WORLD BANK: THE GROWTH OF IRAQ’S ECONOMY IS LINKED TO THE FORMATION OF THE GOVERNMENT AND THE APPROVAL OF THE BUDGET”   a report issued by the World Bank, on Wednesday, warned of the impact of the delay in forming the government and approving the budget on the growth of Iraq’s economy. The growth since 2021 was supported by a strong expansion in non-oil production, especially in the services sector.  [post 1 of 2]

Mountain Goat – Dinar Guru   Quote:  “Iraq has a unique opportunity to undertake urgent and wide-ranging structural reforms”. We know that many of these reforms to completion in the White Paper can not occur without the one reform we all want to happen. This is the currency reform. …we heard almost these exact words from Dr. Sinani Shabibi back in 2014 in his news conference. He talked about the proposed “go-ahead” for the reinstatement of the dinar in early 2013… So, this time we are in is yet another “unprecedented opportunity” for Iraq says the Word Bank in the article today. [post 2 of 2]

Tivon – Dinar Guru  Article:   “World Bank: Iran’s economy is the fastest growing in the world”  Remember what Iran announced…They want to introduce their currency on the exchange markets.  Why did they announce this before Iraq?  Iraq has the oil contracts… This surprised Iran because it wasn’t supposed to happen.  Nobody knew Kurdistan was going to be forced to sign that over. Out of all the years we have been in this investment Iran never pulled something like this…

Samson – Dinar Guru  Article: “World Bank: Iran ‘s economy is the fastest growing in the world”. Quote “The World Bank announced that the annual growth rate of the Iranian economy this year has reached three and seven percent, which will constitute its highest level in the global economy for this year.”

Tivon – Dinar Guru  If they said the 2021 Budget…was supposed to “Raise The Value of The Dinar” and that they will empty the 2021 Budget and put all the money in the “Food Security Law” what do you think the FSL will do for the Dinar if Mazhar Muhammad Saleh stated it will move the wheel of the economy? Raise The Value of The Dinar right? Keep in mind that the Oil & Gas Law is in the FSL. What’s makes up 90% of Iraqs revenue? Oil. IMO

Nader – Dinar Guru  Article:  “Diebold Nixdorf has announced that Al Qurtas Islamic Bank is the first to reply its DN Series ATMs in Iraq”   Everybody’s talking about the new ATMs.  They’ve been installed, yes.  Yesterday morning I was at the bank and I said (to myself) ‘Maybe ATMs gonna be new small categories...’  Well not this morning.  Took some money from it and it’s same money.  It’s a 25 and the 10 and the 5 thousands.

Sandy Ingram – Dinar Guru  Article:  “Nearly $700m Stolen From Iraq State Banks” …A total of 926 billion Iraqi dinars equaling $697 million U.S. dollars went missing due to forgery, embezzlement, manipulation, money laundering and abuse of position…yes, people are going to prison.

Tivon – Dinar Guru   Iran just told everyone what they are about to do with their currency. You think Iraq will just sit idly by while the Iranian Rial is performing in the currency market appreciating in value without reinstating prior or right after when they also have the means to do it now thanks to the FSL?

Pimpy – Dinar Guru  You can literally call your local bank or get a hold of any bank that handles exchanging of currency…They can answer any question.  Don’t bring up the Iraqi dinar.  They’ll just say they don’t do any buying or selling of the Iraqi dinar but just talk about how it works in general.  Just say, ‘Hey if I want to go to ‘Afoosistan’ what do I do?’  [Post 1 of 2]

Pimpy – Dinar Guru They’ll tell you, ‘Well, we’ll find out what the exchange rate is.  You come in buy x amount of dollars of it, you give us the US dollars, we’ll give you the foreign currency and when you get back you’ll exchange it back the other way.”  There’s no magical handling of the currency.  Iraq is no different.   [Post 2 of 2]

Tivon – Dinar Guru  Question: “totally confused so if no budget needs to be approved! When will the rate change?”  FSL is acting as a budget (Financially) until one is approved …They do not need the budget to allocate any funds, the FSL will do that. So when they release a rate it will be because of the forecasted input/output of the Overall GDP that influence what price they decide to come out at….Let the CBI do their job because it’s them who will release the rate…

Pimpy – Dinar Guru  …Sadr resigned.  Him and all his deputies…What does this means for Iraq? …I really felt Sadr was going to win in this game of chicken…all I know is there are a lot of corrupt people in this Coordinated Framework.  They are all Iranian-backed politicians.  This is not good for the Iraqi people…I still hope some good comes out of this…

Militiaman – Dinar Guru   We are so seeing the Monetary Reforms on Steroids. The best is yet to come and IMO it is coming without delay now.

Samson – Dinar Guru  Article:  “American Airlines resumes flying in Iraqi airspace”

Tivon – Dinar Guru  Question: “Sadrists resigning their positions in parliament…isn’t that a bad thing for us as investors?”  Al-Sadr, done his job. He got the Criminalizing Normalization Law done. He got the “Emergency Food Security Law” done. He got the Kurdistan Regional Oil & Gas Law signed over to Baghdad done. What more do you want from the man? You should be focusing on Al-Kazemi and his team. He is next up to bat… [Post 1 of 2]

Tivon – Dinar Guru   …Train yourself to focus on pertinent things that help you understand your investment. Al-Sadr is not one of them at this stage. If he went missing never to return for whatever reason would not make one dent in this investment. The FSL was specifically created to prolong the Al-Kazemi government, not Sadr!…Look for what happens once the FSL is published in the Gazette. Imo   [Post 2 of 2]

Kaperoni – Dinar Guru  Within a month or so the IMF will release the latest Article IV Consultation with Iraq which was completed last month and will give us an update on monetary policy.

Breitling – Dinar Guru   Question:  “Are you still looking at a rate of .50 to .60 cents or has that changed with everything that’s changed in the world?”  I haven’t heard anything outside of that.  50 to 60 cent range and then they’ll work up to a dollar – $1.17 actually.

BGG – Article:  “Al-Maliki’s Coalition: The Food Security Law Is Unconstitutional And Is Nothing More Than A Dead Letter”   Kinda’ curious how Maliki’s gang is sooooo spun up about this “Law”. When was the last time you heard these crooks complaining about a “bad law”??   Never seemed to bother them before…

Militiaman – Dinar Guru  Article:   “The Governor of the Central Bank inspects the work of a number of private banks”  Those Private Bank inspections are to make sure all is ready for that launching of something special for the citizens.. I am not lost on the Central Bank of Iraq Governor that brought gifts to the Central Bank of England in London a couple weeks ago…. This was something special. The world knows it as well as you an I…

Tivon – Dinar Guru  Article: “A Legal Review Of The Pros And Cons of The Food Security Law”   Quote:  “Al-Tamimi said that it “will be implemented when it is published in the official Gazette and when it is approved by the President of the Republic.” …This is for people who assumed a rate was going to pop up as soon as the vote was done. They have to then…follow up with the relevant authorities to implement the FSL. Now that we know they are waiting on the publication and the President of The Republic we can relax and let this play out.

Kaperoni – Dinar Guru   …The new food security law has no new exchange rate…There is no discussion at this time in Iraq about a new currency,..there is no new currency or small denominations coming out in the near future…

Pimpy – Dinar Guru    Article: “NATO to Al-Kazemi: Iraq is a pivotal country in the region and the world”   We know that there are many countries that are eyeballing Iraq…they are the gateway to the Middle East.  There are a lot of countries interesting in getting their claws in on Iraq that’s for sure…

Tivon – Dinar Guru   Bottom Line. The FSL is working…Citizens Entitlements was apart of the package. And we already know what comes with that.   All of this being done without a seated government or 2022 budget. So how important is it really to the reinstatement if we are on the cusp of receiving everything without one? …

Mountain Goat – Dinar Guru   On Wednesday, the Iraqi parliament approved the “Emergency Support for Food Security and Development” law…Folks, this law has very little significance on the project to delete the zeros and the reinstatement…I can tell you with 10000000% certainty the new RV rate is NOT in this new food security law…

Clare – Dinar Guru  Article:  “The Governor of the Central Bank inspects the work of a number of private banks”   EXCELLENT!!!… GETTING THINGS READY IMO

Tivon – Dinar Guru  The HCL/Oil & Gas is the bottom line for everything that will fuel their economy…they can go this entire year if they wanted (Doubt They Do) without budget simply because “Purchasing Power” by default will come from THE HCL/NGO…Saleh said in an interview with Shafak News Agency; “The rise in Iraq’s hard currency reserves will increase confidence in the Iraqi dinar and will increase its stability...” He didn’t say a budget caused this. The reserves did. Which the FSL has access to in order to produce purchasing power for the citizens.