Dinar Observer Daily

Kaperoni – Dinar Guru   Like I have said numerous times only with the success of Iraq ‘s economy can the dinar go up in value. It is not a lottery ticket. If and when Iraq decides to create a market economy/private sector and begins to diversify resources away from oil will Iraq begin to succeed. Only then will the dinar begin to go up in value.

MilitiaMan – Dinar Guru   Article quote: “The government has not implemented many articles and paragraphs of the general budget law for the current year until this moment due to the objection and observations of the Ministry of Finance and other ministries on the articles of the law, which led to the delay in its implementation.”  “Until this moment” they say.. Interesting the 2021 budget is in the news lately…They are not going to keep harming the citizens..imo… Fairly certain then if need be there is an emergency… It is called Article 8 with a new rate...lol We are imo seeing things shape up globally and gearing for a very big event…

Mountain Goat – Dinar Guru  The ONLY indicator of an upcoming RV for us now is to wait and watch for the launching of the project to delete the zeros…The CBI has just recently told me they are on notice within the framework of the White Paper that they will be launching this project. They could not give me a date because they have not yet worked out a firm date within the other projects and timelines…I want to explain how they will launch and roll out this project… [post 1 of 3]

Mountain Goat – Dinar Guru  So one day we will not just “wake up” and see a new RV rate on FOREX…Instead, the plan of the CBI is first to launch the lower denominations and replace the currency (thus the project to delete the zeros). This is our first sign they are moving ahead. They will then RV the rate very close to a dollar WITHIN Iraq and only within Iraq or maybe just delete the zeros so 1140 becomes $1.14 by just moving decimal over 3 places. Let me say it again – ONLY WITHIN IRAQ! If they do this technically it is not an RV it is just deleting the zeros as the rate is actually the same. Get it?...  [post 2 of 3]

Mountain Goat – Dinar Guru  But for us as investors we do not replace our out of country holdings on the currency with lower denominations as we are told these three zero notes will be held and used by the banks for inter-banking transactions in the future. So they will be worth lots of money. For instance, in my example: $1.14 x 25,000 note could be worth $28,500 US dollars. If they go to FOREX with a $3.65 rate a 25,000 dinar note could be worth outside of Iraq $91,250 US dollars. No, the Iraqi banks will not get rich overnight as they will have to turn in the larger 3 zero notes to the CBI to get the lower denomination equivalent. Get it? Nobody gives out FREE money. [post 3 of 3]

Mountain Goat – Dinar Guru   …today in our news for this period we hear that they have done exactly what Allawi said they would do way back from oct 2020. It is almost 9 months later but they got it done and our now moving head on implementing the White Paper. Boy are they so slow in getting anything done and that is part of their problem.  That is why we wait for the RV so long.

Breitling – Dinar Guru  Until they start passing laws the White Paper means nothing.  That’s number one.   Number two is Iraq doesn’t need to pass any more laws for them to add value to their currency.  What they need to do is just make sure they understand what the markets are as far as oil prices/futures are, be able to pay off their debt and then have enough information to add value to their currency…but economic reforms and stuff like that they don’t need that to add value to their currency.

BobTheTaxMan – Dinar Guru  When you do “cash in” make sure you take care of your tax liabilities.  The same day you get it done go take care of it.  How do you know how much to pay?  This is where you get professional help.  You’re going to go talk to someone who knows what they’re doing.  Tell them what you’re doing.  They’ll be able to look at your tax returns and look at your income and figure out what you can expect to pay in anticipated taxes.  And then go pay them!

Mountain Goat – Dinar Guru  …We know that a couple of the provisions in the white paper are to stop the currency auctions and to finally complete the change over to the newer lower denomination (project to delete the zeros).  But what we do not know is how long it will take them to do it. They did tell us the existing rate will remain to at least the end of this year. Is this a hint that maybe they are considering something in January 2022 as we know this is the best time to do a major revalue and reinstatement? But we can only speculate at this point…

Kaperoni – Dinar Guru  …The white papers have nothing to do with Iraq’s exchange rate. White Papers are a road map of sorts to  implement a private sector market economy.

Breitling – Dinar Guru  They [ Iraqis ] are fine.  They’re doing very very good.  They are going to revalue their currency.  They’re going to add value to the currency.  And they better because one of these days oil isn’t going to be what it’s worth.  And it’s coming and it’s going to be coming quick.  They have an opportunity/a window here.  They’re smart.  They devalued their currency on purpose so they could get rid of some of their debt…nothing to worry about.  Good news coming down the road…  

MilitiaMan – Dinar Guru  …Aside from any triangulation that has been done by me and others, and that we have gleaned from just about all 4 corners of the world, support that our event we are waiting for is just about upon us. Pointing out that the debt ceiling issue lately is real…They are to extend the debt ceiling by a couple days by doing another Bond Sale for Tuesday – Wednesday next week for 126 billion…Before I received the news article yesterday about that increase, I was called by a source. I was told there would be an additional allowance of time for things to take place and there we have it, imo that increase buys time. IMO we are seriously close now.

Mountain Goat – Dinar Guru  We will get an RV soon (the one we all want as investors)?  I have to [be] honest with everyone reading this… There are some subtle hints from the CBI that they are working towards a date for a big change in the rate of the dinar. I do not want to start any rumors. Could this mean just going back to the pre- December 2020 rate? I will be watching this step closely and when I learn of changes I will let you all know.

BobTheTaxMan – Dinar Guru   You always want to reduce those taxes.  My suggestion is if you only have a little bit – take enough out of it but if you want to buy that house borrow the rest of it.  Right now the interest rates are incredibly low.  I mean phenomenally low and that’s a heck of a lot better than paying those outrageous taxes by cashing in your IQD…all in a hurry just to satisfy buying that house only to have it bite you in the butt.

Pimpy – Dinar Guru  If that day happens when there’s a RI or RV of some significance that is worth celebrating for, trust me it’s going to spread like wildfire.  You’re going to hear about it.  You just skip on down, go to the bank…deposit your money, pay off your bills and you’re good to go.

BobTheTaxMan – Dinar Guru   Keep your taxes as low as possible.  Not only does it save you money but it’s the best answer.  We’re in this investment.  We’ve been in it a long time.  14 years for me…taxes are the biggest hole in your financial ship.  We want to make sure we keep them as low as possible.  So we deal with immediate taxes – this is where the RV happens and you “cash out”.  My suggestion for those who have less than 5 million, cash in enough to meet your goals.  Make sure you keep it down.  [post 1 of 2]

BobTheTaxMan – Dinar Guru   Don’t cash it all in.  A lot of people are going to say, ‘What about the rate?  What if it’s going to fall?  What if the whole world falls apart?‘  That’s true…but the revaluation of the IQD has been very carefully handled.  It’s not a random thing that’s happened.  It is the real honest McCoy of what’s going on with it.  I expect it to go long term that it’s not going to be a flash in the pan and die again unless there’s a nuclear attack or something over there. [Post 2 of 2]

Breitling – Dinar Guru  Question:   “I’ve read if you didn’t buy the dinar from a dealer, someone gave it to you, you can’t exchange?”  That’s a bunch of garbage…Think about it just for a minute.  How much money do you have in your pocket?  So what are you going to do go to Walmart and the cashier is going to say, ‘Where’d you get that at?’ Because that’s what you’re saying…it doesn’t make any sense.  Where this stuff comes from I’ll never know.  You don’t need to worry about it...

Pimpy – Dinar Guru  Article:   “A jump in he prices of Basra and Light crude touches $77 a barrel”  This is what I like.  I love it.  I want some more of it! …I still think it can hit a hundred dollars a barrel right around fall time/the end of the year especially.  This is good because we know they budgeted for 42 at first, switched it to 45.  Everything above that is just icing on the cake…this is butt kicking right here.  I was happy to see this.  I’m happy for Iraq…like you I’m pretty curious about what the 2022 budget is going to have if the oil prices continue to stay high.

MilitiaMan – Dinar Guru  Article quote:  “Minister Khaled Battal Al-Najm will announce…Monday, 2/8-2021, the details of the responsive document, and the reform and recovery plan, for the period 2021-2023, which it has completed.”  I would like to be a Fly on the wall at this meeting tomorrow. THE UNDP [United Nations Development Program] is all about management of and for attaining goals. They have the ears of many international players. All interested in mutual success. Private sector is not about a program rate. No way. Even Iraq has stated they were to issue and recalculate effectively BONDS back the 1st of January 2021.. They said is was done to open or activate the private sector (market economy). IMHO.

Breitling – Dinar Guru  Question:  “Who exactly are the globalists who don’t want the RV to happen?”  That tells me a lot about what you believe and how you believe it…  There’s nothing wrong with globalization.  You wouldn’t have what you have without globalization.  What is globalization?  It’s trade.  That’s all it is.  The United States is not going to control the world.  The U.N. is not going to control the world.  China..Russia are not going to control the world.  It’s all horse shit…why would a globalist who does trade internationally want a currency…?  [Post 1 of 2]

Breitling – Dinar Guru   It’s an exchange.  You take the U.S. dollar and you exchange the exact equivalent amount for the Iraqi dinar.  Or vise-versa, you take Iraqi dinar and you exchange it for the U.S. dollar, the Euro or whatever.  It’s an exchange.  But either way there’s trade going on…the definition of globalism is trade.  That’s where it all came from – trade and trade routes and trade empires.  The question doesn’t even make any sense.  It’s so off…Globalists want trade.  They want business.  They want to do business with Iraq…that’s the whole point of globalism – trade… [post 2 of 2]

Pimpy – Dinar Guru  Article: “Iraq’s revenues from oil exports jump 62% in the first half of 2021”  This is awesome…Yeah buddy, that’s what we’re talking about right there!  This is despite we’re still on partial lock-down/on full lock-down in places so you can imagine what happens if the entire world opened up once people wake to the fact that this is just a planneddemic…all this does is secure and strengthen the economy which is exactly what we want…

Frank26 – Dinar Guru IMO the GOI has pledged to the World Trade Organization a certain parentage of the local currency (30 to 40%) of dinars at a certain value upon admission into the WTO…you think the WTO wants a certain specific percentile and figures of the Iraqi dinar currency at a restricted sanctioned program rate? ...to be in the WTO Iraq’s currency needs to be tradable...

Holly – Dinar Guru  …RV Update:  We are coming to the end of this ride so be very, very careful of information and who you are following. The sharks are circling waiting for this moment. Use discernment and do not fall for any schemes. Question all…

Pimpy – Dinar Guru  Article:   “As compensation for the invasion of Iraq, the United Nations pays $600 million to Kuwait”.  This I like a whole lot.  Let’s get to the most important thing.  Quote:   “the last installment is expected to be paid within a year.”  Yep!  Then you have no more payments going out.  That’s it…everything is taken care of once that’s done.  Plus our troops are withdrawn.  Complete sovereignty …then I’m looking for a rate change to happen…get the Americans out of there.  Make your last payment to Kuwait.  Get your sovereignty back. Let’s change the rate…

Breitling – Dinar Guru  Question:  “Would I be wise to buy 500 denominations along with the 3 zero notes?”  A lot of people ask me about the LOP.  People are saying that’s still part of the equation/debate.  No it’s not!  That’s not part of the debate at all…if you look at what they’re doing in Iraq and how they’re doing it, they want to add value to their currency and lopping the 3 zeros is not adding value to their currency.    As an example if you look at what’s going on with Turkey when they lopped the 3 zeros off their currency.  It was because there was massive inflation and they couldn’t fix anything.  [post 1 of 2]

Breitling – Dinar Guru  Iraq devalued their currency on purpose.  They made it cheap to do business with their country…it’s a completely different ballgame.  The Iraq currency is not in trouble.  It’s heavily manipulated…It has to do with the note count…Information coming from the CBI – when they do start adding value to the currency that once it gets to a certain rate they are going to have another currency that’s out there that doesn’t have the 3 zeros on it.  If they’re going to lop the damn dinar that you and I have that have the 3 zeros on it then there’s no reason to have a completely different note.  There’s no reason for it.  It doesn’t make any sense…it’s not going to lop.   [Post 2 of 2]

Kaperoni – Dinar Guru  The latest…from…gurus is they think Iraq has been accepted into the WTO as a full member. …Just about a year ago a great article came out from the WTO telling Iraq that until they have something to export (other than oil) there is no reason in trying.

Breitling – Dinar Guru   Speculation – that’s what we’re doing here.  This isn’t a religion…It’s speculation.  There’s no one who believes in this more than me but it’s still speculation.  I believe it’s coming down the road.  Where does my confidence come from?  Is it good ole fashioned positive thinking?  NO!  I’m not one of those types of people who does that.  I don’t lie to myself for the sake of being positive.  I’m a realist.  I watch what Iraq is doing…I watch their government.  I listen very carefully who have authority to add value to the Iraqi dinar and what their intent is.  And these guys can’t wait to do it.